The Indianapolis Times from Indianapolis, Indiana • 14

PAGE 14 STOCKS MOVE THROUGH WIDE RANGESTODAY Many Soar to New Highs, Falling Off Under Profit- Taking. Average Stock Prices Average of twenty Industrials Wednesday was 180.09. up .37, new high record. Average of twenty rails was 139.16, off .04. Average of forty bonds was 97.20, up .09.

By United Excss NEW TOEtK, -July prices made wide fluctuations in session, many issues soaring to new highs and later recedirfg on heavy profit-taking induced by warnings from conservative quarters that the advance of the past several days had weakened the technical structure of the market. Sales were well up in the 2,000,000 mark. However, several Issues affected by special developments, maintained their gains in the face of adverse movements. Trading, for the greatest part of the session, revolved about United States. Steel, which soared to new high ground at But later reacted slightly.

Timken Roller Bearings was another industrial strong spot, advancing to anew maximum on urgent demand. Strength in Chrysler was accentuated later in the session following splendid earnings report. The issue led the motors on a grand upward splurge, with General Motors content to follow lead. Nash Motors also touched anew top. Highs Numerous Other issues reaching new maxima were: Goodrich, Union Pacific, American Smelting, CSTse Threshing Machine and Shattuck.

Describing the market, the Wall Street financial review today said: Stocks made further progress on the upside today, to the utter discouragement of the bear crowd. With the Dow-Jones industrial average climbing day aftei day into new high ground, professionals have been expecting a drastic reaction at any time. But nothing happpened today to give the shorts comfort. Prices pushed steadily ahaed under the leadership of United States Steel. The latter gave a noteworthy demonstration in response to the acquisition of a substantial block of stock by the Du Ponts.

Operations Increase Steel also derived stimulus from an increase in its operations to about per cent, compared with 59 per cent over the two preceding weeks. Du Pont also soared to record levels, while new high ground was reached by various other standard industrials, including Allied Chemical and General Electric. Atchisno distinguished price movements in the rails by selling higher than it ever did before. Easy credit conditions was the dominating influence of the economic situation. Call money dropped to per cent from the renewal rate of per cent.

Banks and Exchange INDIANAPOLIS STATEMENT Local bank clearings today were 000; debits, $5,803,000. NEW STATEMENT By Ignited Press NBW YORK. July 28. clearings, New York clearing house balance. $98,000,000.

FOREIGN EXCHANGE By United Press NEW YORK, July exchange closed steady. Demand sterling, 3-16, off 1-32; francs, 3.91%c; lira, 5.45%c, up Balza, 13.89; marks, 23.77 Montreal, 99.90625. INDIA BAN RATE DROPS Bn United Press BOMBAY, British India, July Imperial Bank of Indiana today Teduoed its discount rate from 5 to 4 per cent. In the Cotton Market (By Thomson McKinnon) NEW YORK, July upturn In price at the close yesterday showed contracts hard to find even after a day of liquidation, I figure the trade took at least 75 per cent of all the cotton sold and evidently wants more, if the. market declines enough to reach their limits.

For the time being, I think the trader who buys on the weak spots or sells on sharp advance will get the benefit of 25 to 40 points swings. Births Boys Rhbert and Dora Hatcher, 1733 Alvord. Theodore and Hattie Clark, 1949 Sheldon. Samuel and Irene Washington, 625 Blackford. William and Pearl Allman, city hospital.

Ben and Ethel Gavy, city hospital. Robert and Nylene McCall, city hospital. Edward and Mabel Ott, city hospital. Ernest and Louise Raker, city hospital. Dorwln and Ruby La Follette, city hospital.

0 Lamar ana Grace Downtown, city hospital. Jersey and Mollle Mallory, city hospital. Gordon and Dorotha Stambro, city hospital. Frank and Augusta Levi, city hospital. Ralph and Rosella Herring, citv hospital.

William and Ina Richardson, 3122 Jackson. Kenneth and Wilma White, Methodist Hospital. Ivan and Rose Mumford, Methodist Hospital. George and Blanche Bier, 3014 N. Ralston.

Clarence and Edith Fulkman, N. Delaware. Girls Joseph and Margaret Ash. 240 Blake. Walter and Margaret Welsh, city hospital.

Geoige and Lilly Kerr, city hospital. Jesse and Viola King, city nospltal. Carl and Julia Haggard, city hospital. George and Malva Tittle, city hospital. Harley and Virginia Wall, city hospital.

French and Evelyn Hoback, city hospital. Reginald and Lena Beason, 711 Prospect. Hosea and Mary Thomas, 1125 N. Tacoma. Harry and Leah Blachschleger, Methodist Hospital.

Williua at Zelah Heyer, Methodist HospitA Vtailecc ''-'rton. 1048 St. Harry and Eunice Davis, Methodist Hospital. Donnls and Paulina Winegar, 1422 N. New Jersey.

Eugene and Norma Grannan, 5018 E. Washington. Deaths Robert L. Bostic, 63, city hospital, myocarditis. Katherine Remy Butler, 80, 1603 Park, chronic myocarditis.

George Robert Grooms, 16, 3733 N. Tacoma. tuberculosis. Floyd S. Goodwin, 49, 1533 W.

Vermont, sarcoma. Scrildia Ogden, 80, Centril Indiana H-s----pltal. cerebral hemorrhage. William Scott Jones, 72,, 418 N. Randolph, acute dilatation of hears.

Peter P. Kirsch, 75. 909 S. Delaware, car' Charles Emmett Durham, 57. Mll2 W.

acute dilatation of hirt. New York Stocks By Thomson Si McKinnon 28- Prev. High. Low. 2:00 close.

Atchison 101 At Coast 202 200 200 204 0 118 Can Pacific 188 188 189 189, W.J... Del Hud 21i Del Lack 164 Erie Erie Ist pfd Qt NO pfd Lehigh Val South 66 66 147 147 51 Mo Pac pfd Cen 153 103 NYN No Pacific Nor Pere Mara 136 130 Penney Reading 118 Southern Ry 131 Southern Pac 120 St Paul St Paul pfd St and 85 St 11418 JJnion Pac 183 Wabash pfd 96 96 95 Fisk 17 Goodrich 65 65 Goodyear pfd Kelly-Spg 23 a 47 46 Am Car 99 99 A Am Loco 105 Am Stl Fd Bald 3 Loco 250 Gen Elec Lima 59,1 Air Bk Pres Stl Car 60 60 59 Pullman 187 West Airb 179 West Elec Bethlehem 55 Colo Fuel 87 Crucible Gulf St Stl 53 53 Inland Stl 54 52 53 Phil RC I Rep Stl Sloss-Shef Steel 129 129 Alloy Vanadium 50 50 Motors Amer Bosch 19 Chandler Chrysler Con Mo Dodge Gabriel Gen Motor ....226 226 Hudson Hupp Jordan Mack Martin Parry Moon Nash 75 74 Packard Peerless 25 25 Pierce Ar 13 1.2% Studebaker 52 52 Stewart Warner. 63 63 Timken Willys-Overland. White Mo Amer Smelt 163 161 Anaconda 46 Cer De Pas Inspir Int Nick Kennec 66 Tex Sul 65 65 8 Smel 36 36 Atl Rfg 119 118 Cal Pete Freeport Tex 74 Houston 7.153% 153 Indp Oil Manand Mid Pete Pan-Ame Pete 55 Phil Pete Union OU 42 Pure Oil Royal Dutch Shell 27 27 Sinclair 27 27 Std Oil Cal Std Oil Std Oil 31 31 31 Texas Cos Trans Pete Adv Homely 1334 13 13 Allis Chaim. Allied Chem 151 Armour A aaf Amer Can Amer H-L 10 10 9 Amer H-L pfd 64 Amer Safety 43:4 Amer Wool Central L.

155: Coca Cola Cent Can 76 Cert Prod dai'. Dav Chem Dupont 266 Pmi Players 92 Gen Asphalt 74 Int Ener 47 Int Paper Int Harv 189 186 May Sta 72 Mont Ward Nat Lead 112 Owen Bottle 79 Radio 4 Real Silk 32 Hem Type Sears-Roeb United Drug ....175 175 Dniy Pipe tJSCIP 223 220 222 223 USIn A1 Woolworth 154 153 Am Am Express Am WWk Brklyn Col Gas 1... Cons Gas Interboro 37 No Amer 0.... Peopies ..141 Phlla Cos 104 Gas 62 61 62 West Union 154 Am Ip Corp 52 Amer 4 4 Atlantic 3 8 In 42 43 United Fruit 136 Amer Sugar A Sugar Austin Beech Calif Pkg 64 64 64 Corn Prods 56 Cuba pfd Cuba A Sugar Fleischmann 59 59 Jewel Tea 60 Nat Biscuit Punta Ale 35' 1 25tt 61 81 ,88 Am (B) 141 Cons Cigars 83 Gen Cigars 69 69 Liggett 118 Lorlllard 41V, 42 Hey 136 136 Tob (B) Clg 92 92 Schulte ROADS PROPOSE CUT IN COAL HAULING RATES Affects Shipments, to Great Lakes From Southern Fields. By United Press WASHINGTON, July Chesapeake Ohio and the Louisville Nashville Railroads today filed with the Interstate Commerce Commission freight schedules proposing a reduction of 20 cents a ton on coal moving to Great Lakes ports from the southern fields, in West Virginia, Virginia, Tennessee and Kentucky.

The new schedules are to be effective Aug. 28. A similar proposal from the Norfolk Western Railroad is expected to be filed today or Friday. Chicago Commission Mart By United Press CHICAGO. July 16 black raspberries, per 24 gooseberries, $2 per 16 red raspberries.

2.50 per 24 pts. Green $2 per cantalouper. per crate; cherries, per 16 grapes. per basket; peaches, per pears. per bu.

Marriage Licenses Gerald Weaver, 22, 1262 W. Washington agent, and Catherine porena Brown, 19, 5404 S. Arsenal housekeeper. George Jester Oakley, 21, 2176 Temple salesman, and Florence Mareta Lewis, 18. 1319 Keeling Ave.

John' E. Odom. 46, 1704 Prospect restaurant manager, and Mrs. Hattie Shaw, 51, 1704 Prospect housekeeper. Luther Otto Martin.

31, 537 E. Drtve, Woodruff traveling salesman, and Marjr Edith Ladarence, 24, 537 E. Drive, nurse. HODS FOLLOW DECLIHE WITH SECOND DROP General Tone Weak to 15 Cents Lower, Some Off Even More. Prices July Bulk.

Top. Receipts. 21. 10.25@11.00 11.00 6,500 22. 10.00(8)11.00 11.00 6,000 10.25(r<>11.00 11.00 3,000 25.

10.50011.25 11.25 4.500 26. 10.0@11.25 11.35 8.000 27. 10.00011.10 11.15 6.500 28. 10.00@11.00 11.10 6.500 The weakness which settled over the Indianapolis hog market Wednesday was still in evidence today, although with slightly less intensity. Prices were mostly weak to 15 cents lower, in a few spots 25 cents below the previous best.

This tendency was fully in accord with market, which was around 10 to 15 cents lower on the hundredweight. Estimated receipts at the Indianapolis stockyards were 6,500 and there were 752 holdovers. The top fell only 5 cents, to su.lo, while the bulk sold at 11. Hog Price Range Pigs and packing sows were unchanged, selling respectively at $9.50 down and General quotations on porkers were: 160-200 pounds, 200-225 pounds, 225-250 pounds, 10.75; 250-300 pounds, 10.25, and 300 pounds up, The cattle market remained steady, with offerings amounting to about 900. Beef steers sold at $10.50 beef cows, low cutters and cutter cows, $4.25 and bulk stock and feeder steers, 8.50.

Lower Tone Calves declined 50 cents, placing best vealers at sls, the bulk selling around $13.50 and down to sl3. Receipts were 600. Little change occurred in the sheep and lamb market. The run numbered about 900 head. Top fat lambs went at bulk fat lambs, 14; bulk cull lambs, 10.50, and fat ewes, Receipts.

6,500: market weak to lower. lbs 8.500 9.50 T3O-160 lbs 9.50® 10.75 160-200 lbs 10.75011.10 200-250 lbs 10.00® 10.90 250 lbs. up 8.75@10.25 Receipts. 900; market, steady. Beef steers $10.50012.50 Bulk stock and feeder 7.25 vi, 8.50 Beef cows 6.50® 8.50 Low cutters and cutter 4.250 5.50 Receipts.

600; market lower. Best vealers $13.00014.00 Heavy calves 6.00® 9.50 and Receipts, 900: market little changed. Top fat lambs $14.25 Bulk fat lambs 13.00® 14.00 Bulk cull lambs 8.00@10.50 Fat ewes 5.00® 6.50 Other Livestock By United Press CHICAGO, July (soft or oily hogs and roasting pigs excluded 43,000: market steady to 10c down; heavyweight 250-350 medium to choice, $8.90 09; mediumwelghts 200-250 200- 250 medium to choice, 10.85; lightweight 160-200 common to choice. $9.60 up; light light 130-160 common to choice. packing sows, smooth and rough.

slaughter pigs, 90- 130 medium to choice. $8,600 10. Slaughter cattle and 1.500- lb. up. good and choice, steers, choice.

14.50; good. $11014; steers, 1,100 lb. down, choice, 14; good. $10.50 0 13.25; medium, common. light yearling steers and heifers, good ant, choice 850-lb down, $10.50013.25: heifers, good and choice 250-lb.

up. 12; common to medium (all weights). 9.75; cows, good and choice. $6.50 0 9.50; common and medium. low cutter and cutter, calves, medium to choice.

vealers. cull to choice, feeder and stock cattle, steers, common to choice, Slaughter sheep and and rtandyweight. 92-lb. down, medium to choice, 14.65- cull and common, all weights. $9.25 ewes, medium to choice, $407.25: cull and common, feeding lambs, medium to choice, $11.50013.75.

By United Press CINCINNATI. July holdovers. market, mostly 20c lower; 250-350 200-250 160-200 130-160 lbs 90-130 10.50; packing sows, $707.75. 650; calves, receipts, 800; market, steady; beef steers, light yearling steers and heifers. beef cows, low cutter ana cutter cows 5.25; vealers.

bulk stock and feeder steers, market 50c lower on lambs; top fat lambs. sl4; bulk fat lambs. bulk cull lambs, bulk fat ewes, $4.50 By Times Special LOUISVILLE, July market, steady; tops. $10.75 'to 10c lower. 100; market, steady.

Calves 300; market, 50c higher; good to choice. medium to good. outs, $9 down. market, steady to 25 cents lower; mixed lambs. ewes and wethers, seconds.

sheep, $3.5005.50 Bn United Press PITTSBURGH. July 1.000; market mostly steady to 15c up; 250-350 200-250 lbs, 160-200 lbs, 130-160 90-130 lbs, packing sows. $7.2508. Cattle-Receipts, 10; calves, receipts, 75; market steady; beef steers, vealers, 300; market steady to lower; top fat lambs. sls; bulk cull lambs, $8010.50.

By United Press CLEVELAND, July I. market steady to weak: 250-350 lbs, 200-250 lbs, 160- 200 lbs, 130-160 lbs, $10.75 90-130 lbs, 10.75; packing sows. 250; calves, receipts 400; market steady; beef steers, $8.250 9.75; beef cows, low cutter and cutter cows, vealers. $15017. 300; market steady; top fat lambs.

sls; bulk fat- lambs. bulk cull lambs, SIOO 11. bulk fat ewes, $4 0 6.50. By United Press EAST ST. LOUIS, July Receipts, holdovers, market strong to 10c up; 250-350 lbs, $8,500 10.15; 200-250 160-200 lbs, 130-160 lbs, 90- 130 lbs, packing sows.

$7.50 0 8.10. 2.500; calves, receipts market, native steers steady; beef steels, light yearling steers and heifers, $7.500 10.50; beef cows. $6.25 low cutter and cutter cows, 5.25; vealers, sl4; heavy calves. 8.50; bulk stock and feeder steers, 8.25. market steady; top fat lambs, bulk fat lambs, $13.250 13.50; bulk cull lambs, bulk fat ewes, $4.50 05.50.

By United Press EAST BUFFALO. July 1,500: holdovers, 773: market, 20c down: 250-350 lbs, 200- 250 lbs, 160-200 lbs. $11.50 130-160 lbs, 90-130 lbs, $11.15011.60: packing sows, 8.50. Qattle 100; calvfs, receipts 250; market, slow and steacw; calves, steady; vealers. $l5O 15.50.

200: market, steady; bulk fat lambs, bulk cull lambs. $11012; bulk fat ewes, Bu United Press TOLEDO, July 900; market 15 025 lower; heavies, medium, $9.500 10.50; Yorkers, $10,750 11. good pigs. $10010.75. light; market slow; calves, receipts 75; market strong.

Sheep and lambs Light; market steady. Exchange Seats Sold By United Press NEW YORK, July stock exchange seats have been sold for $218,000 each, it was announced today. That of the late Benjamin D. Bartlett was transferred to Marcus Pechheimer and that of the Herbert L. Smith to E.

Sanford Hatch. THE INDIANAPOLIS TIMES Produce Markets Butter (wholesale price) Creamery, best grade, a pound. 420 45c. dealers, 40c. fresh delivered at Indianapolis, dozen.

Poultry (buying prices) Hens, large breed, 18019 Leghorn hens. old roosters, large, 10012 Leghorns and small. broilers, lb. up, 230 25c; Leghorns, black and small. 17020 turkeys.

No. 1 young toms. 20c: No. 1 young hens. 20c; old toms, ducks, 12013 geese, 8010 guineas, 35c.

By United Press NEW YORK. July and easy. 33. Easy. Midwest spot.

$12.90 0 13. Sugar- Raw. steady; spot 96 test held duty, paid 4.4604.49; refined, dull; granulated. 5.90 c. Coffee No.

7. on spot, Santos No. 4, special to extra. No. 1, No.

3, clover. 1.10. Dressed turkeys. chickens, broilers, 36c: capons, fowls. 14 0 30c; ducks.

22c; Long Island ducks. Live 10012 ducks. 120 24c; fowls. 22c; turkeys. 25030 roosters, 12c: state whole milk fancy to specials.

Island, Jersey, 150 lb. bags, southern, $2.2503.25. Sweet Jersey basket, southern barrels, $3.5003.80. receipts, 426; creamery extras. special market.

receipts. nearby white fancy. hearbv State whites. fresh firsts. (a Pacific coasts, western whites, 25030 nearby browns.

31036 c. By United Press CLEVELAND, July In tub lots, firsts, seconds. packing stock. 28c. 30; extra firsts.

28c; firsts. 24c: ordinary. 22c. 25c; Leghorn fowls. 18019 heavy springers.

$2.8003: Leghorn broilers. cocks. $16077; ducks. Virginia barrels, By United Press CHICAGO. July creameries.

standards, firsts. seconds. extras, 8 275: ordinaries. 21022 firsts. seconds, 18'nl9c; extras, Young Americas, Poultry 9 cars; fowls.

springs 27c; geese. turkeys. 20c; roosters. broilers, 20c. 117 cars; on track.

243; In transit. 700; tacked Kansas and Missouri Irish coblers, $1,350 1.55. STANDARD OIL MAKESPEACE? Prescence in Europe Brings Up Question. By United Press PARIS, July C. gle, president of the Standard Oil Company of New Jersey, who was reported to have come here to make peace in the oil industry, was shielded here by his secretary from would-be questioners.

departure from the United States took place a few days before Sir Henri Deterding of the Royal Dutch Shell Company, issued a statement condemning the Standard Oil Company of New York and the Vacuum Oil Company for entering into an agreement, with the Soviet Russian Oil Syndicate to market Russian oil. The proposed markets are in the East, where Royal Dutch heretofore has supplied demands. It was suggested that Teagle, whose New Jersey organization has a working agreemeent with Deterding, would seek peace between the Royal Dutch Shell interests and the Standard of New The secretary denied it. He said: "The Standard of New Jersey has no connection with the acts of the Standard of New Teagle, he said, would visit Berlin and then London, where he would meet Deterding, but he insisted that the meeting was an annual affair and that Teagle and Deterding were in the same position with respect to the Soviet oil controversy. Commission Row PRICE TO RETAILERS FRUITS Apples Box Basket apples (40 Ben Davis.

New 40 Duchess, crate. lb. crate, standard crates. flat crates. Arkansas cantaloupes, flat crate.

(15 16 qts. crate: Malagas, $5 crate. crate. Honeydew crate. fifteen lbs.

per Valencias, crate, $5478.50. $3.75 bu. $5 box. crate. 24 red.

$4. average 30 85c. VEGETABLES hamper. 35c doz. $1.50 bbl.

40c bulk, sl.sp bu. $2.25 crate. Highball, crate; 50c bunch. 30c dozen. $1.25 $3 doz.

20c lb. 0.. 75c bu. haed, $5.25 crate; H. G.

leaf, 15 90c. $2 hamper. Onions crate: H. G. green.

45c H. G. white Bermuda, $3 H. G. yellow Bermudas.

bu. 50c dozen. $1.75 bu. Cobblers. $4.50 Cobblers, $3.50 160 lbs.

white, red. 40 H. O. buttons. 75c dozen.

35c dozen. Sweet $2.25 hamper. 0.. $1 bu. G.

hothouse, 10 Indiana Climax. 20 $2. $2 bu. Building Permits Masonic Temple, reroof, southeast corner North and Illinois, $3,200. Guy G.

Aronholt. dwelling and garage, 5247-49 College, $6,250. George Boon, garage, 1915 W. Morris, $225. Frederick Steck, repair, 1042 Fayette, S2OO.

Blatz Brewing Company, addition, 1104 Bursdal Parkway, S7OO. E. E. Raybein, furnace, 1534 E. Coyner, $250.

F. C. King, furnace, 949 Chadwick. Harley Howard, furnace, 2446 Cornell, S4OO. Walter S.

Green, dwelling and garage, 1215 Exeter, $1,750. Thomas L. Baldwin, addition, 149 S. Elder SBOO. W.

L. Kretter, reroof. 904 College. SIOO. J.

L. Holloway, dwelling and garage. 6244 Central. $4,200. Karl Rommel, garage.

765-67 N. King, S2OO. Meyer-Kiser Bank, cables, 130 E. Washington, $226. Indiana Bell Telephone Company, elevator.

411 West New York, Gibson wails, southeast corner Capitol and Michigan. $2,000. Ollie Seyfried, dwelling, 3328-30 East New York, $4,500. Katherine B. Mott, dwelling and garage, 445 North Delaware, Fifteenth and Pennsylvania Realty Company.

apartment, 1502 N. Pennsylvania, $200,000. Jensen, garage, 2052 S. Meridian, John Archie, repair, 2717 E. Michigan, $52.

Mrs. T. S. Wands, garage and remodel, 1321-23 Columbia. M.

Murrello, shed, 664 S. East, H. L. Haag, dwelling, southwest corner Fifty-seventh and Pennsylvania, $12,000. Carl Vonnegut, dwelling and garage, 4415 N.

Delaware, $6,300. GRAIN FUTURES GU LOWER AT CHICAGO MART Prices Generally 'Unsettled During Day, Tending Toward Losses. Bu United Press CHICAGO, July unsettled prices with a trend toward losses characterized session in the grain pits on the Chicago Board of Trade. Late selling caused all futures to close lower as follow: Wheat to cents down, corn to cents off, and cats to 1 cent lower. Provisions closed lower.

Rains in the spring wheat belt which broke the heat wave, and hewier receipts than were expected caused lower wheat prices here. Receipts were 754 cars, most of which applied on July contracts and caused this future to sag lowest. The cash market was to cents lower. Corn was extremely nervous all session after a higher opening. Raim over the belt and a forecast of a break in the heat wave caused prices to slump late in the session.

Receipts were 61 cars. The cash market was unchanged. Oats fluctuated fnly slightly in a quiet pit. The cash market was unchanged. Receipts cars.

Chicago Grain Table Prrv. Open. High. Low. Close.

close. 1.40% 1 AO 3 1.38% 1.38% 1.40% 1.38% 1.39% 1.37% 1.37% 1.39 1.42% 1.43 1.41% 1.41% 1.42% 1.03% 1.04 1.02% 1.02% 1.03% 1.06% 1.07% 1.05%. 1.04% 1.06% 1.08% 1.09% 1.07% 1.07% 1.08% 44 .44 .43 .44 July 12.60 12.60 12.55 12.55 12.67 Sept. 12.77 12.77 12 85 12 65 12 77 12.97 12.97 12.90 12.90 12.97 July. 12.10 12.10 12.05 12.05 12.10 1.07% 1.08% 1.06 1 1.07% .99 .97 By Times Special CHICAGO, July Wheat.

626; corn. 89: oats. 62; rye. 2. By Times Special CHICAGO, Julv Wheat.

4,121.000 against corn. 000 against 389.000; oats. 338.000 against 342,000. 1.477.000 against 1.323,000; corn. 534.000 against oats.

772,000 against 381.000. STUDY PRICE FIXING Federal Trade Commission to Make Survey. By United Press WASHINGTON, July 28. For benefit of trade and industry and guidance of Congress, the Federal Trade Commission today started a broad investigation to determine the merits of price and enforcing sale prices of commodities. Extensive conflict among businessmen, legislators and courts over the price-fixing practice, which if extended would tend to eliminate all price-cutting, led the commission to order the survey.

It will be carried out under supervision of Dr. Francis Walker, chief economist. Several bills providing for resale price maintenance have been introduced in Congress, but this is the first comprehensive Investigation ever undertaken. The commission believes agitation for such legislation will continue. THOUSANDS VISIT STATE PARKS ON WEEK-END Popagon Sets Record in Obtaining Immediate Popularity.

Week-end crowd averages at the various State parks have been compiled by Conservation Director Richard Lieber. The figures show between 3,000 and 4.000 at Turkey Run, Clifty Falls and Popagon and from 6,000 to 8,000 at the Dunes. "Probably no State park ever enjoyed the immediate popularity Qf Lieber declared. is due to the expansive Lake James, the delightful scenery and the fine new modern inn that is now open It is estimated 90 rfcr cent of park visitors come in cars. CHRYSLER EARNINGS UP Directors Declare Per Cent Increase in Car Sales.

By United Press NEW YORK, July Motors Company directors today declared the regular dividend on common stock and made public an earnings report showing substantial gain in profits In the last quarter. In the six months ending June 30, 1927, the net profit was $10,116,729 compared to $7,846,744 in the first six months of 1926. The profit for the quarter ending June 30, 1927, was $5,724,180 compared to 055 in the corresponding period last year. Sales in the six months ending June 30, 1927, amounted to more than 100,000 cars, an increase of 30 per cent over the same period of 1926, Walter P. Chrysler, president, said.

SEMINOLE SETS RECORD Yields 515.000 Barrels of Oil in Single Day. By Press TULSA. July in the greater Seminole, area soared for new records again, with the announcement today that yield had been 515,000 barrels. A committee of operators in the area, striving to reach an agreement for curtailment of production, adjourned late Wednesday without reaching any definite plan. The committee will reconvene today.

Dollars a Dollar, T)ut Borrowing Cost Varies Loan Rates Range From 4.77 to 7.73 Per Cent in Different Cities. BY DEXTER M. KEEZER WASHINGTON, July 28. Although the dollars in use in the United States are just the same, the average cost of borrowing them for commercial purposes varies greatly from city to city, according to a survey just completed by Dr. Frederick C.

Mills of the National Bureau of Economic Research. And along with striking variations in loan rates in different cities, there are equally striking differences in the extent to which loan rates fluctuate from month to month, according to Dr. Mills. A person borrowing money for commercial in Boston paid an average interest rate of 4.77 per cent from 1922 to 1926, the lowest rate in the country, according to the Mills survey. During the same period the average rate for commercial loans in Helena, the highest in the 7.73 per cent.

Comparative Rates The averate rate on loans in other cities during the period 1922-26 was as follows: Per cent Per cent. New York 5.01 Houston 5.82 Chicago 5.02 Denver 6.12 Baltimore 5.36 Birmingham ....6.14 San Ore 6.26 Dallas 5 Angeles 6.29 Pittsburgh 5.65; Spokane 6.40 Cincinnati 5.72 Oklahoma 6.67 Cleveland 5.79,El Paso 7 63 On the basis of rates for thirtyfour cities which he compiled. Dr. Mills concluded that the large cities of the Northwest have the lowest in general, while the higher rates are found in cities of the West and The Explanation These differences he attributed to in the degree of commercial development and business stability, differences in the amount of available credit and differences in the intensity of the demand for capital and credit, as well as variations in local business conditions and banking habits Loan rates, according to the Mills study, fluctuate over six times as much from month to month in some U. S.

cities than they do in others. He found that the rates for loans were "most rigid in Nashville, Helena, Louisville, Buffalo, Houston and Little Rock, while they were most flexible in Philadelphia, Boston, New York, Minneapolis, Dallas, St. Louis and The wide variations in which loan rates fluctuate in different cities, according to Dr. Mills, is accounted for by "local conditions and customs, rather than broad geographical and economic In the Sugar Market Thomson McKinnon) NEW YORK. July a large business has been done in raws has been confirmed.

The situation In Europe is somewhat relieved with the prospect that Europe may become a buyer on a large scale. In the meantime, the demand for refined lags and there Is l'ttle to stimulate active trading in futures at the moment. This, however, does not detract from the ultimate strength of the later positions. Local Wagon Wheat Local grain elevators are paying $1.22 for No. 2 red wheat.

Other graaes are purchased on their merits. PLANS OIL DRILLING By Times Special PRINCETON, July 28. Drilling of a test well for oil on a tract fifteen miles southwest of Princeton will be started Aug. 15, according to Lex Johnson of Vincennes, holder of leases on 2,000 acres of land. DRESS-UP ON Liberal Credit THE HUB w.

street Bird Cages Special Low Prices THIS Cages as low as $1.25 Stands as low as $1.98 Off On Brass Cages and Stands. Bird Foods and Remedies. SEED STORES 5 N. Ala. St.

227 W. Wash. St. SSr Saturday afternoonaudSunday Round trip to any point lor die cost of one way Ppp WALL STREET EYES UU PONT CO. EXPANSION Steel Alliance Owns Block of 114,000 Shares.

Bu United Press NEW YORK, July Street today considered the second highly favorable earnings statement of a Du Pont company in three days apd mulled again over the rumors of impending expansion of Du Pont interests. The rumors, chief "of which connected the Du Ponts with the United States Steel Corporation, received neither confirmation or denial from official source-'. E. I. Du Pont-De Nemours Cos.

of Wilmington, in its annual statement made public today, reported a net income for the second quarter of 1927 of $8,375,942, compared to $7,531,545 for the corresponding period of 1926. The income for the first six months of 1927 was 209 compared to $21,757,313 in 1926. Much of the profit, however, came from dividends on $119,774,640 worth of General Motors stock owned by the company. Big Steel Block The earnings statement also verified the widespread reports of purchase of United States steel stock by the Du Ponts. The company has spent $14,000,000 for 114,000 shares of steel in the last six months.

The Steel stock was listed under the head of marketable securities in the balance sheet. The purchase Steel stock was regarded in many quarters as giving strength to reports that one of the Du Ponts, probably Pierre, chairman of General Motors, may beconfe a Steel director and might even succeed Judge Elbert H. Gary as chairman when he resigns. Other observers pointed out, however, that the purchase represented an unimportant percentage of Steel stock, and suggested it was acquired as an investment only. Street Interested Pierre Du Pont was in Europe, and officials of the Du Pont company said they did not know where he could be reached.

Wall Street considered with a good deal of interest the fact that both E. I. Du Pont de Nemours Cos. and General Motors Corporation showed increased earnings both for the second quarter and for the first six months of the year, while many other companies, including United States Steel, registered decreases in profit. Slemp Calls on Von Hindenburg By United Press BERLIN, July von Hindenburg today received C.

Bascom Slemp, former secretary to President Coolidge, in audience. AMUSEMENTS iH PALACE Ml FvUDtVIU.t- THE BEST PHOTOPLAYS Continuous 1 to 11 P. M. That Funny Fellow! BILLY PURL AND COMPANY In the Novelty Musical Comedy HERBERT CLIFTON WALTER" BAKER CO. C.

R. 4 VERONICA HURL-FALLS PHOTOPLAY PRISCILLA DEAN In OF VAUDEVILLE STARTS and 9:20 Brown-Bowers Revue KARL ERNA GRESS STONE A lOLEEN AI and Harry Klein HAZEL FELTON 1 AND COMPANY Famous Original Empire Comedy Four Extra Added Feature Nettie Janowsky Troupe DAILY PIPE ORGAN RECITAL nv LESTER HUFF. STARTS 12:40 NOON. DOORS OPEN 12:30. i i BERKELL PLAYERS LOVE and LEAVE Next 1 1 TUE STUART COMPANY IB WIIM JULV 28, 1927 MERCHANTS TO CHICAGO MEET Hoosiers to Attend Convention and Rodeo.

CHICAGO, July Indiana merchants will attend the twelfth semi-annual convention of the Interstate Merchants Council here Aug. 17, 18 and 19 and the opening of the third annual Chicago Rodeo on Aug. 20. They will be the guests of the Chicago Association of Commerce at the rodeo, where the cowboy and cowgirl championships will be decided. Business buildings plans and ideas will be the theme of the merchants council meeting.

The council has a membership of more than 3,800 of the livest retailers in the United States, Cuba and Canada. A number of noted speakers will be heard at the business sessions, and there will be open forums for general discussions of the problems of the retailers in all lines. J. H. Friblev, Bourbon, Is vice president of the merchants council and Donald Eldredge, South Bend, is a member of the board of directors.

The Original Payments as Low as $1 a Week THE UNION TIRE CO. Geo. Medlam, Pres. MA in 6273 Cor. S.

111. and Georgia St. Open Till 8:00 p. m. MOTION PICTURES If BEN Li 0 vl LYON Vi i PAULINE Kgkf STARKE 'DAHmAAGIC STOLAREVSKV i HAROLD RAMSAY If on the Stage PUBLIX presents STAOEO BY Ah DR 4 CHARIOT RESTIVO WIZARD ACCORDIONIST I De liiixe Shows at iiSfflwA MILTON SILLS in i au 5 Collegians Tremaine and his Jr Fable AITStOCrAtS GALVAN "The Spanish Banjo Boy" COMING SUNDAY Coon Sanders KANSAS CITY I NIGHT HAWKS On the Screen JSI? Tcda Fri.

8 Sat. VIOLA DANA LURE OF A glistening story of the Night Life of New with heartaches and parade of beauty and of Broadway UNIVERSAL'COMEDY (IjpoMQi WALLACE RAYMOND BEERY HATTON SAVE MY Imperial Comedy, Fox Earl Gordon, Apollo ESTHER RALSTON (TH RYjCO.