Indianapolis Times, Volume 41, Number 17, Indianapolis, Marion County, 31 May 1929 — Page 29

MAY 31, 1929.

rf# g I / k gift comes to? the f r ™ r ; T e h * r _____ __ as Century BRIDE/ No neei to spend your ready cash. Just have it charged at Leo Krauss Cos. Diamond Wt ’‘‘ft iy§ Give (he bride this beautiful dia- jgfjg mond rlnjf. Mounting of !8-kt. JSsti white golrl ; beautifully designed. MM f.arge diamond nf unexcelled HU Only 75® Down! Wedding Ring '%' Ji ' _ Gorgeously designed wedding band of 18-kt. white gold, set fak; |||| with three sparkling dia- ;jj| - v j>v ;w ' l i % o* ? Open jp Saturday Night CREDIT JEWELERS 11} West Washington St. Lincoln Hotel Building

Thomson & McKinnon MEMBERS MEMBERS New York Stock Exchange Chicago Board of Trade New York Cotton Exchange rhi.ago Stock Exchange New York Produce Exchange New York Curb Market New York Toffee Jt Sugar Exchange Winnipeg Grain Exchange Mr. Roderick Vi. .McKinnon has this day retired from the firm of Thomson A McKinnon. Mr. Alfred S. Rogers has this day become a general partner of our firm. Mar 31st. 1929. THOMTSON & M KINNON

TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.

STOCKS SCORE SHARP GAINS IN MART DEALS Few Favorites Break Lower —Rails Feature Issues, Soaring Higher.

Average Stock Prices

Average of twenty industrials Wednesday was 298.76. oft 2.11 Average of twenty'rails was 152.08. up 2.26. Average of forty bonds was 93.29. off .21. BY ELMER C. WALZER United Press Financial Editor NEW YORK, May 31.—Reflecting favorable developments in the reparations conference, retention of the local bank rate at 5 per cent and lessened fears of the money flurry over the month end, stocks met strong demand in early trading I today. Despite heaviness in Radio and I some of the motor shares, gains of 1 to 2 points were scored by Fox Film A, Anaconda. General Electric and American Can. Coppers were stimulated by the reparations news, with Anaconda a strong feature. Urgent demand again was in evidence for the high-grade rails. Atchison rose more than 3 points, while New York Central gained 2Vi points to 190'p. New Haven sold at a record high, figuring in the dividend of sl. Erie also was firm and aC On~ the other hand. Montgomery’ Ward was again depressed, touching anew low for the year on the fur--1 ther break in grain prices at Winnipeg and Liverpool International Combustion was also under heavy pressure, selling at its lowest price for the year. Nash and Hudson were offered around their lowest levels of the current movement. Sears Roebuck broke more than 3 points. Trading quieted down somewhat shortly after the opening and initial advances in the leaders were wellmaintained. Montgomery Ward and ether issues which were depressed at the opening met strong support around their lows and scored sharp comebacks. Utilities continued strong and active, with Consolidated Gas, American Water Works, Commonwealth Power and Public Service at new high levels on the movement. Warner Brothers Pictures broke a j point on the initial transaction, but j quickly recovered its early loss. | United States Steel, ex-dividend, j rose nearly a point from its openI hug sale at 164. Curtiss and Wright [ were firm and active, while General ' Motors broke to around its lowest , levels of the year.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapclis bank clearings Friday May 31, 64,911.000: debits. $8,074,000: clearings for the month ending today. $112,263,000; debits for the month ending today. $213.085.000. NEW YORK STATEMENT Bn United Press NEW YORK. Mav 31.—Bank clearings, Si .640.000.000; clearing house balance. $167,000,000; federal reserve bank credit balance. $144,000,000. TREASURY STATEMENT Pu United Press WASHINGTON. May 31.—Treasury net 1 balance May 23. $149,500,319.18: customs I receipts to that date. $44,652,737.19.

Local Wagon Wheat

City grain elevators are paying 98c for No. 2 red wheat and 92c for No. 2 harb.

Umphrey & Hartz Investments LI, 8439 347 Bankers Trust Bldg.

(WALKER Summer Policy I Vitaphone & Movu 4 one B Features & Acts S Week Beginning June 2nd straight From Its Broadway Triumph i Greatest Marvel of the Talking Screen! Inside Drama of the Great White Way! GorgeousSplendid— Marvelous 1 “ ANITA PAGE CHARLES BESSIE LOVE I IsP 4 Days Bejf. sun. 3 Days Be*. G o r and e n & Thursday Squires. World’s "Growing Pain” Perfect 11 Oman, World’s Ugliest Our Grand Man. Comedy

THE INDIANAPOLIS TIMES

New York Stocks

—Mav 31— ?~p" ' Railroads- High.. Low 12 90. close! Atchison 219‘j 21i : 21. 2 315 s Bait C * a cMio” , .'ii9 iii'a iisu llj}>! Canadian Pac ..22J a 4 222’-, 222-, 222 Chesa & 0hi0...216 214 3 , 216 210 Chesa Corp 9f 3 < 94 94 9b Chi A- N West.. 33 '2 83 83 83 Chi Grt W’est. 45 3 43 s 43 S Dr<J Hudson ..192', isi 19i 192 Del St Lacka .. -7Trio ... 23 71’, 72 = a 71 a Fra Ist'pf'd 6° >2 60 1 2 on Nor .. . . .106', 105 106’* 106' 2 Ilf Central 134", 133': 134", 135 2 Lehigh Valley .. 80 = 2 80 80 80 2 A'sash. . .. ::: i Mo K Pa* Pfd'.l32U l|i;.S 132 135J* N Y Central 190 a 18 <' z 189 2 18, 2 V V f* A? St L • - • luo NY NH & H.... 104 102 1 * 103 1 * 102' 8 Nor Pacific .!. 102 s a 100’. 100’. 101. Norfolk & West 209 2 209 , O& W ... .- iv BJI 25 s * Per.nsvlvania.... m’i <6’< 16 , 7° , • •• • 105 * lOt 4 Southern Rv .... 142 '2 IMS 140', 142", Southern Pac .-130 128 . 129 1,9 St Paul 29‘r 29'. 29' 2 29 2 St Paul pfd 49- b 47’a 48 48 Cf T JSv Q W •• 3<*2 &o‘2 St L&- S f'.V. .114 112 ='2 113 114% Texas & Pac ikiG, Union Pacific 222 2 221 221 223 , West Marvland. 41',2 39’., 39 40 Wabash •• ••2, SB, SB, West Pac 33's 32' 2 32 2 33 2 Rubbers — , ~ . i> Goodyear ::::::.u4>z ijgj i|; ig‘2 Kelly-SPB 14 13% 13’. 13 3< United States'.'.'.'. 47 3 4 45U 46% 46's Am Locomotive 11l Am Steel Fd "9 60 , Am Airbrake ■ ■ 42;,. General Elec ...268 259% Gen Rv Signal.. 102 2. 101% 101% l s Gen Tank : 84 2 83% 84 s N Y Airbrake... 44% 41% 41 z 43 Pressed St! Car. . ... 15% % Pullman 'ft* ‘8 7Bz <8 . Westingh Airb. . 4a 43% 43 . ,1n, 4 Wcstingh Elec ..150% 140% 148% 100 , Be'thlehem 96 93 95 9oj, Colorado Fuel... . . , ® s . 22 s Crucible 86% Bd% 86% 86 Gulf States Stl.. 56% 56 a6 06 8 Inland Steel .... 86% BA, 86, ... Otis 37% 37% 37% 3i% Rep iron it Stl 89% 88% 88% 89 U S Steel 165% ,62% 164% 166, Alloy 42% 41% 41-8 41 , Younestwn Stl.. .. ... . Vanadium Corp.. 7 3 68 il .e '4 a Am Bosch Mag. ... ... , 49 , 50 Briggs 32% 31% 31% 31% Chrysler Corp.. 70 66 67 , 69 Eaton Axle .... 56% 56 06 58 , Graham Paige.. 26% 25% 25-, ,6 n Gabriel Snbbrs. 21% 21% 21% 26 a General Motors.. 71% 68% 69 7l Hudson 78% 75% 77% 79% Hupp 42% 41',s 41% 41% Auburn 235% 233 2 8?,. 238 ' Mack Trucks... 93', ? 91 91% ... Marmon 81% 74 75 , 82 . s Reo 24; 23'/a 24% 24 Motor Wheel 44. 43 43 43% Nash .......... 34 % 81 83 B,< Packard 137 132'-. 134aa Murray 88 85% 87 8( 2 Pierce Arrow .. 33% 33 33 33 s Studebaker Cor 74% 73's 74 >4% Stew Warner .. 67 65% 65 a 6. Stromberg Carb 92 95 Timken Bear.... 83% 82% 83% 8;. a Willvs-Overland 22% 21% 21% ~ Yellow Coach... 37% 35-% 35% 36% White Motor 39Vi 38 38 38 AnwSmft & Rfg 97% 95% 96% 96% Anaconda Cop ~los'a 103 704’a 102 Calumet <fc H.... 40% 38% 39 40 Andes 48% 46% 47% 47% Greene Can Cop 141 139% 139% 139% Inspiration Cop 42% 40% 40% 40% Int Nickel 46 ‘44Va 44% 45% Kennecott Cop.. 83% 80V, 87% 82% Magma Cop 64% 63% Nev Cons 44% 43 43% 42% Texas Gulf Sul. 71% 70% 71 72 U S Smelt 53% 51 % 51V, 54 Va Oils— Atlantic Rfg.... 64% 62% 64V, 63% Barnsdale 42 41% 41% 42% Freenort.-Texas.. 40% 39% 39% 38% Houston 0i1.... 73 71% 72% <3, Indp Oil & Gas 35% 35% 35% 35% Marland Oil ... 35% 33% 33% 34% Mid-Cont Petrol 34 33% 33% 33% Lago Oil & Tr 27 Pan-Am Pet 8.. 59 56% 58 58% Phillips Petrol.. 39% 38% 38% 38% Prairie Oil <fc G 56% 55% 55% 55% Louisiana Oil.. 13V, 12% 12% 12% Pure Oil 27% 27% 27% 27% Prairie Pipe ... 68% 59'% Shell 28 27% 27'/, 27% Richfield 42 40% 41% 43 Sinclair Oil ... 38% 37% 38 38 Skcllv Oli 39% 38% 38% 27% Std Oil Cal 73% 72% 72% 73% Std Oil N J 57% 56% 56% 56% Std Oil N Y 39% 36% 39% 39% Tide Water Assn 20% 19% 19% 2f% Transcontl 12 11% 11% 12% White Eagle.... 33% 33% 33% 33% Industrials— Adv Rumely ... 44 40% 44 31 Allis Chalmers.. . . 180 182% Allied Chemical 274 270% 272 273% Armour A U% 10% 10% 11 Amer Can 132 129 V, 131% 131 Alaska J ...... 5Va 5 5 3% Am Roll Mil! 110 Borg Warner ~112'% 107% 111 112 Am Safety Raz .. ... ... 65% Am Ice 41% 40% 40% 42 Am Wool 18% 18% Curtiss 147 143 Va 146 Coca Cola 122 120 Ccntl Can 66% 66% 66% 67% Certainteed ... 24% 24 24 23'% Congoleum 20% 20 20 20V, Davison Chem... 46 42% 43% 45% Dupont 160 157% 157% 159 Fox A 84 82% 82% 82% Gold Dust 55% 53% 54 54% Gliaden 44 43 43 43% Famous Players 62% 61% 61% 63% Int Harvester.. 87% 93% 94 97% Lambert 132%- 131% 132'% 133 Loews ... ... 66% Roister 27% 25% 26% 27% Montgom Ward 104% 99 101% 104 Natl C R 107 104% 106% 106% Un Air Craft... 113% 106 111% 113 Radio-Keith ... 27 26% 26% 26% Radio Corp ... 86% 83% 85% 85% Real Silk 77 73% 76% 75% Rem Rand ... 29 28% Sears Roebuck..l47 141% 143 149 Union Carbide.. 79% 78% 79% 79% Warner 111% 106', 110 109% Univ Pipe 11% 11% 11% 11 Vs USCs Ir Pipe.. 32% 28 28% 31% U S Indus A1c0.157 155 155 157% Worthington Pu 44'% 44%

Indianapolis Stocks

—May 31— Bid. Ask. American Central L Ins Cos 800 Belt RR. ie Yds Cos com 63 1 i 67 Belt R R & Yds Cos pfd 57 62 Central Ind Power Cos pfd 92'z 97 Circle Theater 108 Cities Serv Cos com 28 3 4 ... Cities Serv Cos pfd 96'a ... Citizens Gas Cos com ........ 31 ... Citizens Gas Cos pfd 96 ... Commonwealth L Cos pfd .....100 ... Equitable Sec Cos com ...‘ Hook Drug Cos com 43Vi ... Horuff Shoe Corp com 1514 ... Ind Hotel Cos Claypool com... 125 Ind Hotel Cos pfd }O2 Ind Serv Corp pfd 87 90 Indpls Gas Cos com 59 62 Indpls & Northwtn Tr Cos pfd 6 Indpls P & L pfd 102 104 Indpls Pu Wes L Assn c0m.... 51 Indpls St. R R Cos pfd 29 32 Indpls Wa Cos pfd 99 Inter Pub Ser pr li pfd 104 106 Vi Interstate Pub Serv Cos pfd.. 92 98 Merchants Pub Util Cos pfd... 101 Metro Loan Cos 100 Northern Ind Pub S C pfd 75.106 Northern Ind Pub S C pfd 65.. 97 10! ’4 Prog Laundry Cos com 47‘,2 49*/2 E Raub & Sons Fert Cos pfd.. 50 Real Silk Hosiery Cos pfd.... 98 Standard Oil Cos of Ind 54’4 ... T H Indpls & E Tr Cos pfd.... 5 ... T H Trac & L Cos pfd 90 Union Trac Cos com Vi Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd Vi Union Title Cos com 46 Vi . V Camp Prod Cos Ist pfd 96‘/2 100 V Camp Prod Cos pfd 92 —Bonds—3id Ask. Belt R & S Y Cos 4s 35 Broad Ripple Trac Cos 5s 50 Cent Ind Gas Cos 5s 97 99 Central Ind Power Cos 6s 98 Chi S B & N Ind Rv Ist 5s Citizens Gas Cos 5s 100 104 Citizens Street Railroad 5s 73 Gary Street Ry Ist 5s 81 86 Home T & I of Ft Wayne 65.. 101 Vi ... Indiana Hotel Cos 5s ... ...100 Ind Northern Trac Cos 5s .... 2 5 Ind Railway A Light Cos 55.. 95 98 Indiana Service Corp 5s 85 Indpls Power and Light C 0.... 96 99 Indiana Union Trac Cos 5s .. 2 Indpls Col & Trac 5s 98 100 Indianapolis Gas Cos Ss 98V4 Indpls & Martln'sville T Cos 5s 15 Indpls No Trac Cos 5s 7 10 Indpls & N W Trac Cos 5s 15 Indpls Street Rv 4s 55 >2 60 Indpls Trac & Terminal Cos Vs 92 95 Indpls U Ry 5s J 1965 A 8...101 Indpls Water Cos s'js 1953 101 ... Indpls Water Cos 5s 1954 101 Irwipls W T ater Cos Hen & ref 5s 95 Indpls Water Cos 4> 2 s 93 '2 95Vi Indpls Water Works See Cos. 86 Interstate Serv Cos 4 r 2S 87 Interstate Public Service Cos 5s 95'i ... Interstate Pub Serv Cos B s‘iS 103 No Ind Pub Service Cos 5s .97 No Ind Teleph Cos s 1931.. 93 99'4 T H & E Trac Cos 5s T H Trac and Light Cos ss. .. 92 Union Trac of Ind Cos 6s .... 9 10' 2 —Government Bonds— Liberty Loan 3 1 2S 96 14 96.34 Libertv Loan 4'.,s 98.50 98.70 Liberty Loan 4s 98 90 99.10 U S Treasurv 4 : 2S 106.82 107.02 U S Treasury 4s 103.82 104.02 U S Treasury 3V.s 100.40 100.60 U S Treasury 3V4s. 1943.... 9644 96.34 —Sales—--2,000 Indpls Street Ry 4s ............ 54

(Bv Thomson ® McKinnon'

Woolworth Cos .. .. 216 Utilities— Am Tel & Tel.. 209 ... 206% Am For Power.. 101 96 ;00% 100 Am Wat Wks... .106% 100 105 101 Brklvn-Manh T. 62% 60% 60’, 61% Col bSt E 73% 71% 73 72% Consol Gas 109% 107 108 107% Elec Power & Lt. 63% 6’%, 62% 62 United Corp 61% 59% 61% 60% Nor Am Cos 115% 112% 114% 112 Natl Power 59% 57% 4R% 48% S Cal Edison ... 57% 58% ,46% 57 Pub Cerv N J... 34% 63% 83% 82% Std Gas & E 1... 90 89% 90% 88% Utilities Power . 43 41% 41% 41 West Union Tel. 189 185 185 181 Shipping— Am Inti Corp... 55% 53 3 , 54% 56% Am Ship & Com .. .. ... 3% Atl Gulf & W I. 64% 62 62 64 Int! Mer M pfd. 39% 38 38 38% •United Fiuit ..120 119% 120 119% Foods— Am Sug Rfg 78% 80 Kroger 82 80% 80% 80 Beechnut Pkg 75% •California Pkg. ... 74% Corn Products .. 87 86% 86% 87% Cuba Cane Sug. 6% 6% I So P. R. Sug .. 38 Fleischmann Cos. 74 72% 74 73% Jewel Tea • • • . 146 Kraft Cheese .. 44% 43% 44% 45 Natl Biscuit . . . . 169% Natl Dairy 64% 63% 63% 63 Postum Cos 72% 70% 71 71 Ward Baking B. .. ... 9% 9% Tobaccos — Am Sumatra Am Tob B 169% 168% Con Cigars 79 78% 79 77% General Cigar 67 67% Lig & Mevers 87 87% Lorillard 26% 26% 26% 26% R J Reynolds .. 55 54% 54% 55 Tob Products B. 15% 15 15 15% United Cigar St. 18% 18% 18% 18% Schulte Ret Strs 20% 20% 20% 20% Stand Com Tob 18% 18% Grand Union c 22% 22% Grand Union pfd . ... . . 43

WHEAT BREAKS NEARLY 5 CENTS LOWER IN PIT Corn , and Oats Forced to New Low Levels in Sympathy. By United Press CHICAGO, May 31.—Wheat futures opened at the lowest price in recent years this morning following a break of nearly 5 cents at Winnipeg on Memorial day. May wheat sold at 94‘VL cents a bushel in the first minutes of trading. All deliveries of corn and oats were forced to new low levels on the crop by the weakness of Wheat. At the opening wheat was 214 to 3% cents lower, com was off lli cents and oats were unchanged to 1 cent lower. Provisions were slightly lower. The surprising developments in foreign wheat markets over the holiday were not due to any new future in the situation, but attributed to bearish statistical position, and fact that anew crop is being harvested in southermost parts of the American belt. With July corn selling only 17 cents below the price of wheat bears can see nothing but lower prices in spite of fast decreasing supplies of old corn. There is, however, a certain amount of supporting sentiment arising from the late crop start in many sections. Factors in oats have been overshadowed by the effects of action in other pits. Crop news is moderately favorable. Chicago Grain Table May 31WHEAT— Prev. Hißh. Low. Clo=. Close. Mav 95 .93 3 , .93% .97 July . 97*8 .96% .96% 1.00% Sept 1.02% 1.00% 1.00% 1.04% Dec! ........ 1.07 1.05% 1.05% 1.09% M?° RN .T.... .79% .78 .78 .80% J ul v , .8l 1 s .79 3 4 .79 4 .82'*8> sept. ........ 82 % .81% .81% .83 , Dec 78% .77', . (7% .79% JU?V ATS 7T 40% .40% -40% .41% sept. ........ 41 .40% 40% .41% May :::::::: IT, %e% :io% :u" M?V YE TT ?Y ' -70 •>, sept. .VaV .77% .7;/% .af% LARD Mav .... •• • i2.'/ July .... . 1 1.65 1 1.60 1.1.60 1 1.72 Sept, ....... 12.02 11 97 11.97 12.05 RIBS— 13.00 12.90 July 12.8s iz.so 12.80 13.00 Bi/ Times Special „ , CHICAGO. May 31 —Carlots Wheat, 16; corn. 52; oats, 48; rye, 12.

Produce Markets

Butter (wholesale)—No 1, 47@48c; No 2. 44046 c. Rutterfab— Lb.. 46@47c. Cheese 'who/esaie selling price per oundi American loat. 38; pimento loaf. 40c; Wisconsin flat. 28; „rime cream. 37c; Daisy. 25c; Longhorn. 25c: New York limbe Eggs— Buying prlces:_ Fresh delivered at Indianapolis, loss off 25c. Poultry (buying prices) Leghorns hens. 26c: broners J ull Y e^ che 35c: broilers bare back, 27c: Leghorns 30c old roosters, large 15c: small 10(B/13c, ducks. 12®14c: spring guineas 39c; turkeys. No. 1 young toms. 12 lbs. and up 35@38c: No 1 young hens. 35c a lb.; No. 1 old toms. 22(525c; No. 2 old hens. 25@ 30c a lb. Bv United Press CHICAGO. May 31.— Eggs—Market, firm; receipts. 33.079 cases; extra firsts. 29% 29‘jc: firsts. 28'jC: ordinaries. 26^'<2e 2 c; seconds. 26c. Butter—Market, firm: receipts, 15,706 tubs: extras 41%ac; extra firsts. 40 1 2 %41c: firsts. 39160,40 c; seconds, 38% 39c: stand irds, 41 lie. Poultry—Market. easy; receipts, 3 cars: fowls. 23% 22c: Leghorns. 24% 28c: ducks, 20% 25c; geese, 17c; turkevs. 22%,50c; roosters. 20c: broilers, 30% 43c. Cheese—Twins. 22c; voung Americas. 23c. Potatoes—On track. 340- arrivals. 193: in transit, 1.356; market on new stock slow and steady, old fairly active and weak; Alabama sacked Bliss Triumphs, best S3 500 3.75: Texas. *3.25% 3 50- poor stock. $2 up; South Carolina Irish Cobblers, barrels. $6; Wisconsin, sacked round whites. 80% 95c; Idaho sacked Russets, $1.50(5.1.60.

On Commission Row

Fruit* Apples—Box Delicious, *3.50®4: box Sta.vman. $2.5062.75: box Rome Beauties. $2.75®3: bushel Jonathans, 52.254z2.75: Rome Beauties. [email protected] a bbl. Greenings. $6416.50 bbl.: Rome Beauties. 55g5.56 bbl. Cherries—California. $3.50#4. Grapefruit—Florida s3®4; lexas. *4.50 Lemons—California, a crate. [email protected]. Limes—Jamaica 100 bv count. S3 Oranges—California navel, a crate. $3.25 513.50; Florida. $4% 4.50. Strawberries—Alabama 24-pint crate. $4.50(e5-50 Vexetables Artichockes —$1.50 a dozen. Beans—Southern stringless. *3.50 a hamper. Carrots—Texas. *3®3.50 5-doz. crate. Cauliflower —California, $2.75. Eggplant—*l.soSi2 a dozen. Parsley—Home grown. dozeD bunches toe Parsnips—*l.2s a bushel. Peas—Arizona. $5.50 a 45-lb. box. Peppers—Florida, a crate, ss® 6. Radishes—Button hothouse dcz. bunches, 76c. Spinach—Texas. *1.25 a bushel. Turnips—*l6l.2s a bushel. Tomatoes—Repacked. 6-basket crate. *739. Cabbage—Texa.% new cabbage. 3‘Yc. Kale—Spring, s bushel. 51.25 Celery—Florida. *303.50. Lettuce—California nead. crate $4 5065. nome-grown leaf, a bushel. 65575 e Onions—Yellow, a 100-lb. bag. *4.75: red. *5 a Bag; Spanlsm a crate. *3.25: weitern *5 75. new Texas a crate *4.50 Shallots—3s® 4oc a bunch Potatoes— Michigan round whites. 150 ibs.. *1.75; Ohio. *1.7501.85; Idaho. *2.5063 a bag; new Texas toiumDhs. a 100lb. bag *5.50. Rhubarb—so 6 76c a 6-Ib. bunch. Coconuts—*s.so a bag of ICO, Sweet Potatoes—lndiana Jersey, 82.75 a bushel; No. 2. *1.50 a bushel; Kane? Hall.

MODERN HOTEL FOR NEGROES IS CONSIDERED Jam at Speedway Race Time Shows Need for Hostelry, Since Monday the influx of visitors who came to witness the 500mile derby at the motor speedway greatly has increased the local population of the Negro group. Older citizens state that the number of visitors was about double that of previous years. Local hotels and private homes were turning away race visitors as early as Wednesday morning, because of lack of accommodations. This situation has prevailed for a number of years. A local leader of the Negro group has proopsed the erection of a modern hotel to meet the consistent demand of the traveling public. Plans for the opening of a smaller hotel about June 15 are to be announced in a few days. Here From All Points An actor's wife from London, a valet from Hollywood and a group of motorists representing the business, professions and trades of the Negro group were here from every middle-western state. Visits of these groups have increased each year and is said to be due to the warm and generou hospitality of Hoosiers who have helped make the Memorial day auto race a world classic. Funeral services for Mrs. Tempie Marks Johnson. 43. of 1635 Cornell avenue, who died Thursday, have been announced for Monday afternoon at 1 at the New Bethel Baptist church. The Rev. G. W. Baltimore will officiate. Mrs. Johnson was a member of the Household of Ruth. Sisters of Charity and several clubs of the New Bethel church. Relatives who survive her are P. J. Johnson, the husband; Mrs. Sofrenia Seymour, a daughter; three sisters and two brothers, one of j whom resides in Detroit. The Rev. Robert E Skelton, pastor of Barnes M. E. church, has chosen. “The Christian Banner" for his Sunday morning sermon theme. Influence services will be held at. 3 o’clock. Each member is to bring as many friends as he can to this sen ice. The person bringing the largest number of friends will be awarded the honor of being the most influential member. Dr. Skelton will preach on "Building a Nest" at the evening services. Music Program Slated The Industrial department of which Miss Irene Harris is secretary, will give a musical program at the Y. W. C. A. Sunday at 4 o'clock. The Unity-ln-Industr.v Club will meet at the Phyllis Wheatley Y. W. C. A. building tonight. Members are asked to come. A tea will be given at the Y. W. C. A. this afternoon. Mrs. Leo Smith is hostess. The Rev. Stephen Gill Spottswood, pastor of Jones Tabernacle A. M. E. Z. church, has announced his schedule for the last Sur.dav services in the conference j vear. At 11 o'clock the pastor has chosen for his sermon topic. "Ebenezer.” There will be a pew rally at 3 o'clock. Mrs. A. Lucille Alleype. vice president of the Women’s Home and Foreign Missions of the A. M. E. Z. churches, will give an address on her travels in Africa in native costume. Mrs. Allevne returned to this country a vear ago. after spending four years In Africa with her husband. Bishop C. C. Alleyne. bishop of the A. M. E. Z. Indiana conference. Communion wiil be given at the 8 o'clock services. Returns From Trill After a trip to Pacific coast, cities, where he visited Pentecostal churches, the Rev. G. T. Haywccd of Christ temple i will preach bis second sermon since March 3. Sunday at 11 o'clock. His sermon topic will be, "The Bright and Morning Star. ’ At the evening services he will preach on "The Rising Sun of Righteousness." Indianapolis Alumni Chapter of Kappa Alpha Psl fraternity will give a benefit cabaret party at Walker Casino, Tuesday night, June 4. A variety program will be given with Duvalle's Blackbirds as a feature. This benefit is to aid the chapter at Indiana university in furnishing a modern fraternity house for Negro students. S. S. Dorgan, citizen of Bloomington and curator of the law library, is sponsor for the new home. Win Queen Contest Misses Mary Jefferson and Earlee Mays were winners in the May Queen contest held at Bethel A. M. E. church. ■ New members will be installed at the meeting of the Music Promoters at the Cosmopolitan School of Music. Sunday, June 2, at 4 p. m. Miss Vena Moore is hostess. Mary B. Talbert Club will hold Its regular meeting with Mrs. M. Lewis. 1937 ! Highland Place. Dr. Toyoco W. Nakarai will be the speaker at the Sunday morning services at Mfc. Zion Baptist church. Twelfth and Fayette streets. His sermon topic will be, How I Became a Christian." Dr. Nakarai fills the chair of Hebrew and Egyptian religion at Butler university. B. Y. P. U. services are scheduled for 6 p. m. The pastor, the Rev. S. B. Butler will speak at the evening services at | 7.50 o'clock. Communion services will be observed at 11 o'clock Sunday morning at Simpson M. E. church. Superintendent to Preach The Rl*v W. T. Davis, nw district superintendent, will preach. Mr. Davis comes from the Columbus district of the Lexington conference and is statistician of the conference. The Rev. E. A. White, pastor, wiil preach at the evening services. The Rev. W. D. Shannon, pastor of Allen Chapel A. M. E. church, will speak at the morning and even ng services Sunday. June 2. Junior choir of the First Baptist church of North Indianapolis will give a musical program at the Sunday morning services. A mass meeting will be held at 3 o'clock for all churches. Sunday schools, mission clubs, fraternal organizations, and business men's leagues. The Rev. F. F. Young is pastor. Bethel choir, under direction of J. Harold Brow-n. and the Cosmopolitan (juartet wull give the musical numbers at the first annual sermon of the Cosmopolitan School of Music at Bethel A. M. E. church Sunday morning. The Rev. R. L Pope, pastor, will be the speaker. Communion to Be Observed Communion services at St. Paul temple. Manlove avenue and Twenty-fifth street, will be held Sunday. June 9. Instead of June 2. as previously announced. The Rev. R. L. Pope, pastor of Bethel A. M. E. church will preach at 3 o’clock. The Rev. Walter Chenault is pastor. A Japanese wedding and musical will be given at Mt. Zion Baptist, church, Tuesday evening June 11, under auspices

Walker Attractions

Inaugurating its summer policy of talking, sound and silent pictures, the Walker offers for the entire week beginning Saturday, "Broadway Melody," starring Ar.i’n Page. Bessie Love and Charles King This eye-fiUlng. heart-tugging, faseinat ing production may be railed the screen's first musical drama and 1s a superb assemblage of blonde beauties, bewildering brunettes, gorgeous costumes nr.-’ scenery The talking, singing and dancing give a panorama of Broadway, back-stage life, show people, and musical revues. The song hits featured in "Broadway Melody" have proved their popularity by the continued whistling and humming of them bv outgoing audiences ail over the country. The prettiest girl ant the ugliest comedian in vaudeville. Louise Squires and Bert Gordon, are co-featured ir. a short movietone act the first four days of the week. This is repor ed to be one of the snappiest vaudeville pieces ever recorded on sound film. Completing the bill the last three davs of the week, "Our Gang" wiil be seen in a comedy thriller. "Growing Pain." of the Deborah Sunday School class. Mrs. Thelma Stevens is president. The Rev. B. C. Winchester of Racine. Wis., is the guest of Mrs. J. 1,. Adams, 2119 Boulevard place. Mis. W. Gossette and F. Bailey of Chicago, visited friends here, en route to Ohio for a series of recitals. Mrs. Beatrice Maloney and Mrs. Vestarine Slaughter have returned from Little Rork. Ark., where they taught at Shorter college. Mrs. Octa - .ia Hammond and ?.fr‘ Sarah Manuel spent Memorial day in Crawfordsville. Mr and Mrs. H. D. Coleman of Chicago, are house guests of the Rev. and Mrs. Charles Bell, 1826 Boulevard place, during the races. Motors Here for Races Miss Maud Yateman of Chicago, motored here for the races and is the guest of her parents. Mr. and Mrs. Harry M. Yateman in Highland place. Dr. and Mrs. E. A. White returned home today from Greencastle, where they attended commencement exercises of the Greencastle high school. Their son, Everett, was a member of the class. Lee A. Milas, an east side representative of the Mammoth Life Insurance Company, was a sponsor for a banquet given for representatives of the company at the Bisters’ case recently. J. M. Miller. Albert E. Johnson, Edward White and William Scott of Chicago, were guests of Mr. and Mrs. Walter Boyer, for the races. Mr. and Mrs. O. J Dinwiddle and son, Carl, of Chicago, are house guests of Mr. and Mrs. Murphy Dlnwiddie for the weekend. Miss Martha Mason, a student at the State Normal at Terre Haute, is improving from an illness at the city hospital.

In the Stock Market

(By Thomson & McKinnon) NEW YORK. May 31.—While surface indications would point to the virtual settlement of the reparations question as the most important influence upon the financial markets of the world, to us the unquestioned impovement in the credit situation is equally important. Not only have we for the first time in months passed over a usual tight, money period without the customary disturbance in the call money market, but the drop in the charge for time loans can not be ignored as an additional sign that recent liquidation of securities, while it may not have completely accomplished it, has lessened the need for a continuation of the strict policy of the reserve authorities. Premature assumption, of course, that we are approaching a period of normal interest rates is to bp avoided, but we do feel that gradual improvement rather than the reverse is the more probable and if we are assured that general business will show no more than the expected seasonal decline, investors will again be attracted to the sounder securities. Births . Boys James and Helen Gaston, 157 South Elder. George and Marie Gibson. 2918 Martindale. Fred and Mildred Joslin. Methodist bos°*Raymond and Ethel Alien, Methodist hosP ' Frank and Edith Wise. Methodist hosP, Henry and Ruby Hilgadiack. 1423 South Edward and Dona La veil. 603 Birch. Robert and Mabel Gann, 518 West Merrill. , Elwood and Hazel Dalton, 1244 West Burdsall Parkway. . _ .. Louis and Pearl Townsend. 731 South Manhattan. , „ , Charles and Essie Pool, 2825 School. Noah and Maude Kincaid, 1245 Standard. Girls Horace and Anna Overstreet, 4252 SC Anen ld and Lucille Ahl, Methodist hosPi Charles and Mary Watkins. Methodist h °Wilifam and Eula Coleman. 2915 Shrivcr. Elmer and Ethel Drumb, 3160 Carson. Edward and Leona Clem. 1301 East Vermont. , . ... , Doyle and Bernice Reynolds. 3102 West M Roscoe and Clara Jordon. Christian hosP Charles and Barbara McCree. 833 North Drexel. Deaths Mary Raab, 75, Methodist hospital, gangrene of fee*. , . , . Goldie Carter. 36, city hospital, hypostatic pneumonia. Mary Alice Haststein. 1, Christian hospital, septicaemia. Infant Mount. 7 days, city hospital, broncho pneumonia. . _. Wiibcrt Alfred Young, 18a2 South Kejstonp, diphtheria. Bettie Carter. 36. 2741 Oxiord, chronic • n 'Rufus Doyle Jones, 8 mo., 541 Miley, broncho pneumonia. Martha J. Arnold, 76. 235 East. \ c,mont strangulation hern:a. Charles S Mcßride. 75, Fletcher namtanum. cerebral hemorrhage Henn Wulf. 78. Great Eastern hotel, cerebral hemorrhag. 1 Mary P illne Smith, 20, 313 East Nineteenth. endocarditis. Boyd H. Bedford, 69, 142. North Dela- . ware, arteriosclerosis. , .. Phoeb J. Patrick, 63. 2123' 2 Erookside, m EIIa K B" wright, 38. 818 North Oxford, j chronic nephitis. Ella Hogle 82. 147 West Piatt, apoplexy. Anna Mascari. 5. City hospital, sc Mental Alien Asa Wilkinson. 62. 3444 Washington Blvd.. myocarditis. Joseph p.obert Kvle. 80. 36 West | Twenty-sixth, hypostatic pneumonia. . Lora Frssee, 47. Central Indiana hospital. chronic myocarditis. i John R. Reddington. 62. 1 <3O College, j aC Marv U Mathson. 83. 2112 North Delaware, hvoostatic pneumonia. Rose Moffett Kessmg, 69. 2842 Pars, chronic myocarditis. Arviila E. Hvbarger. 57. 631 North Davidson, hypostatic pneumonia. .. Spurgeon Barrow. >l. 4ul. Coi.ege. diabel*' Jacaueline Ann Eich. 2 months. 102 North State, acute gastro enteritis. Kate Huggins. 57. 2999 Moore, acute mvocarditls. _ . , Gustaf Knaus. 80. 42a North Oakland, arterio sclerosis. .„ .... _ , Harrv C. Hampton. 1,. 1930 Boulevard Place, general tuberculosis. Edna K. Milier. 41. 146 South Catherwood. pulmonary tuberculosis. Charles Henry Winiock, 41. 1823 North Arsenal, uremia. . . Joe Bora, 3. 812 Greer. broncho pneumonia. .... _ Wiiham L. Jor.e-. 7=. 1066 Eugene, cerebral hemorrhage, Estate Valued at $21,000 t’je Times Siireinl MARION, Ind.. May 31.—The Van ; Buren State bank has been named administrator of the estate of Fred ] H. Sanderman, who died at his I home there May 22, 1929. The wi- j dow and . two daughters will share j in the estate which is valued at I 1 ’* 0 *

PAGE 29

HOGS LARGELY 10 CENTS UP IN LOCAL PENS Sheep Steady; Spring Lambs Sell Mostly at sls to Sl6. May. Bulk T"p Receipts. 23. 11.00911.10 11.10 6.000' i 24. 11.00$ 11.25 11 25 .SDO. 25. 11.25 4,00*.' I 27. 11.15 11.24 C i 28. 11 00 11.05* 8,000" 29. i0.904J11.00 1105 8.000 31. 11 10 11.15 7.500 Hogs were largely 10 cents higher than Wednesday's average. The bulk of 160-275 pounds sold at sll.lO |at the local stockyards today. Re- ; ceipts were estimated at 7.500, and holdovers from Wednesday's market j totaled 148. The cattle market was steady." Beef steers sold mostly at $11.50 to ; $13.75. Yealers were also steady, ! Good and choice brought sl4 to $14.50. The sheep and lambs market was steady. Spring lambs sold at sls to Sl6. Fat ewes were bringing $4.50 to $6.50. Hog prices today were as follows! 250-350 pounds. $10.75 to $11.10; 200250 pounds. sll to $11.15; 160-200 pounds, sll to $11.15; 130-16Qh pounds, $10.50 to $10.85; DO-130 Impounds, $9.50 to $10.35, and packing"sows, $9 to $lO. Cattle receipts were 650. Calf receipts were 750. Beef steers, $12.5(1 to $14.75; beef cows, $3.50 to $11.25: ' low cutter and cutter cows. $6.50 to $8; vealers, sl3 to sl4; heavy calves’ $7.50 to Sl2. and bulk stock and feed steers, $9 to $12.50. gheep receipts were 500. Top fat lambs. sl3; bulk fat lambs, $11.53’ to $12.50; bulk cull lambs. $8.50 to . $10.50; bulk fat ewes, $4.50 to $5.50',‘ ; and spring lamb*. $15.50 to $16.50,"". —llogs ' T*. f Rerpipts. 7.500; market, higher. : 240-350 Ur $10.75® I}.}® 200-250 lbs 11 09011.13 ; 160-200 lbs i1.00% u.lsy--1 130-160 lbs 10.509 10.85 90-130 lbs 0.50(8 lO.Jft • v ’ Packing sows 9.00® 10.00 ~ —Cattle— Receipts. 650, market, steady. Beef .steers $12.50®44.75 ; Beef cows R.SO®II.2S . ' Low cultor and cutter cows.. 6.50(8 8.00 - ; Bull: stock and feeder steers.. 9.00Q''12.30- f ' —Calves— Receipts, 750; market, steady. Best veals ?!3,50% 14.00 Heavy calves ... 7.50®12.0(J . Sheep— Receipts. 500, market, steady. , Top tat lambs ... .$13.00 ! Rulk fal lambs 11.50(8.12.50- ’ 1 Bulk cull lambs 8.50710.50 _ Bulk tat ewe.- 4.500 6.5 ff Spring lambs 15.50316.1fi Other Livestock ' B/i United Press CHICAGO. May *% Hogs—Receipts, I 25.000; Including 3,00n directs; market ; mostly 5 to 15c higher ton. $11.05 paid ' | for occasional load ot 180 115 lb. weights;. bull: better cr.vie, 166-280 lb. averages,* j $10.50(811; butcher, medium to choice, * |250-350 Ins.. $lO 10 10.7'’ 200-250 lbs. $10.35,'-/ 1 1.05: 160-200 lbs. $lO. IS® 11.05; . 130-160 lbs.. $lO% 11; packing sows. s9® % i 9 65: pigs, medium to choice. 00-130 lbs„ - : $9 25% 10 ro. Cattle—Receipts. 4,000. Calves —Receipts. 3.000: steer trad'’, ster/ to- • | 25c higher; better grades .suitable for r shippers showing ’he advance; early top, ! $15.50- other classes mostly steady! " | slaughter ele.'ses, : leers, pood and choice. 1300-1500 1b... 613.50/15 1 100-1300 lbs.'. $13.65*/. 15.25; 950-1 100 ibs.. $13.75% 15.25; r * common and medium. 850 lbs. $11(8 3.75: . i fed yearlings, good and choice. 750-950’ " I ibs.. $13.50% 15.25; heifer . good and choice. \ 850 lbs. down, si3'■ 14.75: common, and „ medium. $9.506/13: co"'s, good and choice',' • 69.50% 12: common and medium. $3 8 9.50; . low: cutler and cutter. 50.25% 8; bulls, 1 good and choice, beef. $lO% 11.50: cutter ; to medium. $7 75% in. 23; calc ■•. milk fed good and choice. $11.50'. 15. medium. $9.50 '. 11.50: cull and common. $7 50 < 9.50-, •• mocker and feeder stern, good and choice,, all weights. $12.25% 13.25. common and : medium. $9.75%. 12.25 Sheep—Receipts. ' | 15,000: bids and sales on fed iambs, 25c to mostly 50c lower early bulk shorn kinds. sll 50% 12; top $12.25; springers . 'and aged cheep, -’eadj: springers. sls%i IS; fai ev.es, $6 8 6.50; slaughter classes;., spring lambs, good and choice. $15.25%) 16.35 medium. $14.25% 13.25: cull and common, $12.25% 14.25: lamb:, good and choice. 92 lbs down. $11.50% 12.50; medium, * $10.504/11.75; cull and common, $8(8 10.30, ■ medium and choice. 92-100 lbs.. $10.25% 12. ewes, medium to choice. 150 lbs. down, $6%, 7.50; cull and common, $2.50*5.®. Bu United Pr> ss EAST BUFFALO. May 31 —Hogs—Ret ceipts, 2,70 r; holdovers. 100 market, steady o 10- lower 250-350 lbs.. $10.75% 11.35. 200-250 lbs.. sll% 11.60; 160-200 lbs . | $11.35% 11.CO; 130-60 ibs 61! .10% 11,60; 90- ! 130 lbs . 611 11 =O, packing sows, s9.,4o*sY 5 7$ Cattle Receipts. 400; market, xtnadv. Calves -Receipt . 1.000; market. steadrF, beef steers. .$f2.501 c fight yearling steers and heifer . $13.25 14.50, beef cows, $9.25 % 10.25; low cutter and cutter cows. $5 75 % 7,75; verier' Sit 50% 15. Sheep—Recap' . 2,600: market. 2>c to 50c. lower; bulk fa’ lambs. 512.50% 13; bulj: cull lambs. $lO . 11: bull: fa’ ewe:. SS%7; bull* spring lambs, $16%. 17. Bp United Presa PITTSBURGH. May 31.—Hogs—Receipts, e. 300; markc, 20c up. 250-350 lbs., sll% ‘ 1145; 200-250 lbs., $11.35% 11.60; 160-200 * Ibs., $11.50%. 11.60: 130-160 lbs.. $11.25%. s 11.60: 90-130 lbs,, sll% 11 50; packing sows. $9.50% 10. Cattle—Receipts, none. Calves —Receipts. 175 market, strong; beef • ■ters. sl3 a.14.60; light yearling steers and nejfcrs, $11.50% 14; beef cows. $3(0,11; low r cutter and cutter cows. If % 7 75;' vealers,' • $13% 15: heavy calves. $lO% 14. Sheep— •*’ (Receipts. 250: market, steady; top let.-' | lambs, sl4: bulk fat. lambs. $12613.50; ; bulk cull lambs. 37'0i1; bulk fat, cwe*. ' Sa%7; bulk spring lambs, $154*17.50. P.-.I Times siirrirjf LOUISVILLE. May 31 —Hogs—Receipts, 522 : -JK a T£ e ‘’ w pß ' iy; mediums and lights, * 130-300 bis $9 95% 10.80: extreme heavies, 300 lbs. up, 610-30. pigs. 130 lbs. down,$6.70%.7.9/1: stags and throwouts, $7.85® ■ H.-10. Cattle—Receipts. 201; market, steady; ' : prime heavy steers, *12% 23.50; heavy shlbpine steers. ■sn%i2 medium and plain steers. $9.50%. 11: fat hellers. $9% 13.50;good to choice cows. '-8,50 , 10; medium to i good cow. $6.50% 9.50; cutters, s6%®.So’ i Cn r 4?:s r ?B Y>-50%C; bull;. $7.50% 10; feedersfT,s./.; % 12; 'to-eer- $8,50: calf receipts, 300;,%' : market, stead- fancy calves. 312.50; good i to choice. $lO /12; medium to Rood, i outs. $7 down. Sheep—Receipts. 800; mar-. ’ ! ket stady; "prlngerr, 51.5 50; seconds, *lO /!. hep. ss.ao .6 50 Thursday's ship- ’ •beep’ r ‘° nr ' csive ‘’ hogs, 293;, hint niierj Press ! , mP’?'w ND ' Mar 3!.- Hog'—Receipt.*," . i 2 400 holdovers, 23a: market, mostly Ueac". 200-3--9 .bs, 310.75% 11.25: 200i?solbs 111% 1,1.2/. '6O-200 Ibs.. *11.104?' l! n 2 5; ! 3 . MB ° 11 25: 50-130 lbs' GO,. 1, purging sow •. $5 • 9.50. Cattle R 2, ;■ r. a- -r-er-. low, • cai: Receipts, too market, steady so * I trorc oce. cows. ’OIO vealers sl4fffl7- •' 2 r •'ter and cutter cows. $6.75**8 Bheen--2' % 3 r r" (■';•/M bulk coll .s,'/%/•-. $lO 50% 12. bub. fat. ewes SB% s'sO' 1 '" bulk spring lambs. s:s%l7. :i \ Bu United Per* - ' * S$ ,C u ll £ Art '->- v - Hogs—Receipt*. 4,3a0 holdover;, aOi. market, steady: 2503ao lbs, 2,■ 1 ’ 2”-250 lbs $lO 854?'* V. V 11 20 136-160 ?b£ / ■ilO 75"'ll; 90-130 .us.. $9%. 10.89; packing, sps:. $8 .94)9.25. Ca’tle -Receipts. s*o-• market. ' tear.' Calves Receipt, tSOOr- ' oaiS *1 hJgr.er: b'-cf steers. sl2 tq ;-f a rang • -rs and heifers?. *l2 50% 1 4.50 r beef cows. 35% 10.50- low . cutter and cutter cos- $6.50%8: veaiers/ liln.o Jru,: stock and feeder steers. slo* Sheep-Receip’s. : *00; markeds Lead;. bulk fat m- 32% 8.50; bulk.'prirw TOLEDO. May 31. Hogs—Receipts, 700: market, steady to stror.e heavies. $lO 504? ,510.85%. 11 10; Yorkers.. *10.50% 10.75: good pit., blank Cattle—. Receipt’, ligi;, market, stead- Calves— Receipts, light; rr.arxe’ steady. Sheep and lambs—Receipts, light; market, steady. Bn United Pr< ** FT. WAYNE. May 31 -Cattle—Receipts,'* 125: ca.vr.% 150; hog’. 5,600. vheep. 1 u 00: . market, higher 80-110 ibs. *9 83; 110.140 ibs.. $lO.lO 140-160 Ibs . $lO 45. 160-180 jfc ■ *3O 75 180-200 ibs. $lO 85: 200.250= lbs., $10.75. 250-300 lbs, *lO 65: 300-350 T .bs . 110.45: rough;. $9.25 s'ags, $7; calves. $13.50; clipped iambs. *ll 50. NEW YORK COFFEE RANGE —May 29 kLts High. Low. ClowO January -• • ■ •••> }2G*-fe March 13 68 13 6$ Itv September 14.60 14.54 Vb. Decembci 14.06 14.01 }} $