Indianapolis Times, Volume 34, Number 245, Indianapolis, Marion County, 22 February 1922 — Page 11
TRANSACTIONS ALMOST REACH MILLION MARK Display of Strength Imparts Bullish Appearance to Market. GENERAL LIST FIRM Special to Indiana Daily Times and Philadelphia Public Ledger. tßy MONITOR. EW YORK, Feb. 22—In view of the reaching holiday, the stock market gave an impressive exhibition of activity and strength. Transactions approximated a million shares, the undertone of the general list -was decidedly firm, while the display of strength by the speculative favorites imparted a bullish appearance to the whole market. Many stocks easily surpassed their previous high records for the year, and the most encouraging feature was represented by the fact that these performances were recorded by issues of accredited merit instead of specialties that were being put through their best market paces. In this number were U. S. Steel, Bald win, General Electric, American Locomotive, Studebaker, American Woolen American Car and Foundry and SearsRoebuck. The whole market was the broadest and most active that has been sent in several weeks. Industrials led the advance, but the rails also shared in the upward movement. Rock Island to within a fraction of its high point of two years ago. Among the high-priced issues Canadian Pacific, Union Pacific and Southern Pacific were easily the features. There was little news in circulation, but most of it was of a favorable character. The new high level for Sterling was greeted with satisfaction by the speculative element. There is also a feeling throughout the Street that the legislation for the soldier ‘'bonus” has received its quietus for the present as a result of the opposition from the solid Milness interest of the country. [ommodities were inclined to be soraeat reactionary, although this tendency may have been caused chiel'ly by preholiday profit taking. The near future of cotton will be determined by March deliveries on Thursday. The weekly review of the Iron Age reports better buying of steel products and a higher rate of mill operation. The increased activity is interpreted as a response to necessity buying and recent railroad purchases.—Copyright, 1922, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. From the opening to the close of trading on the New York stock exchange vesterday, prices advanced practically without exception. There was no news; there was not even gossip. Buying orders flowed into the market for all classes of stocks and in a volume seen on but few days thus far this year. Practically all of these orders originated locally, wire houses reporting little active interest from out of town and local commission houses did little business for public account. The same interests which have been buyers of U. S. Steel from 80 up were the largest buyers again, their orders being executed at the top eighth. It is the common belief that this is a powerful speculative interest which has been guiding the market activities of a number of speculative issues, and which has not been opposed by so-called insiders in advancing the quotation for steel. It is unquestionably true that this interest has disposed of many thousands of shares of various special stocks. Whether the steel can be liquidated should tne necessity arise, at a profit, is a question which the trading element have not been able to answer to their satisfaction. The group operating in Studebaker its prediction of 09 for that and now has broadcast a price Wghtly above par as the objective. It is said by brokers who have been active in the stock that the short interest is larger aow than at the beginning of the week. Signs of distribution at the close of last week led to selling by several professionals on a large scale. It is understood that there are stop orders in considerable volume just above 100, and the pool is gunning for these orders. Considerable significance was attached in some quarters to the course of the average prices for both the Industrials and the rails which advanced in unison to anew high record for two years. Heretofore industrials alone, or raijs alone, have advanced into new high ground, but this was the first day that both groups have acted together. This is taken by some students to indicate that instead of the generally expected reaction, the market may enter into a prolonged general advance, subject only to minor reactions. Canadian Pacific was the leader in the extent of its advance in the railroad group. On purchases of only a few thousand shares the price advanced above 134, crossing Union Pacific with little opposition. These two stocks were representative of the railroad group as a whole, practically all of these stocks making new high records for two years. Those firms which have been advocating the purchase of railroad stocks for many months now are receiving some comfort for their faith. While spechlative operations are responsible for the present movement, these operations are based on a keen insight into the generally improved situation of the carriers.
One of tbe gratifying railway reports was that of the Delaware, Lackawanna Northwestern for 1921. This showed yEat income after taxes, interest, rentals. IBfidltions and betterments of $19,158,403 equal to $11.32 per share on the $84,554,000 of common stock outstanding. This compares with $17.83 per share on just onehalf the present total stock which was outstanding in the previous year. Lackawanna has been bought for several months for the account of important banking interests. The statement of the Lackawanna Steel Company for last vear was about What the financial community had expected. The company reports a net loss after taxes and charges of $3,384,877 as compared with a net profit of $4,294,374 in the previous year. IV hile United States Steel was aggressively strong, it was noticeable that the independent steels lagged. Crucible at one time yesterday sold at 59%, which is one-eighth below the recent low. Uncertainty as to action to be taken by directors next month on the dividend is responsible for liquidation in this issue. Mexican Petroleum and its associated stocks were under pressure during the morning, the former declining more than 5 points when the digest of an address ty Ralph Arnold confirming earlier predictions of salt water in the Mexican fields, reached the financial community. The underlying strength of the market was shown by its failure to decline during the sharp break in Mexican. Operations in' this stock are so largely professional that littie outside interest attaches to the erratic fluctuations. The speculative group in Rock Island continued its aggressive taefh-s and carried* the price of that stock to within a fraction of its high of 1920. There was no news to account for the advance, but a willingness on the part of the pool to i&be all offerings as they came to market. ©ggßears-Roebuck and Montgomery-Ward were strong features. The buying was largely for Chicago account, but was said to be speculative in character rather than for investment. There is reported to be a stale short interest in both these stocks, which is showing some nervousness due in part to the continued advance in the grain markets. In usually well informed quarters it is said that there is a bear clique operatnlg on a scale in Davison Chemical. This group is said to have taken a short position below 55, and is fighting the advance. Buying, according to these is f r the account of interests identified with the company. A considerable quantit3’ of stock is being withdrawn from the market, and in the event that an announcement of an important contract is made, as some well-informed persons expect, at the end of the present Week, the short position may be found untenable. Buying In the rubber stocks has been
of the strongest cnaracter and made its appearance in volume on publication of the unfavorable reports of thesA, companies this week. Firms which are buying the stocks take the view that the worst that can happen haß happened, and the prices at which these stocks are selling are speculatively attractive. This is particularly true of Keliy-Sprlngtield, Keystone, Lee Rubber and Tire, Ajax and United States Rubber.—Copyright, 1922, by Public Ledger Company. IN Weather The following table shows the state of the weather at 7 a. m., Feb. 22, as observed by United States Weather Bureaus; Station. Bar. Temp. Weather. Indiana-polis, Ind.. 30.01 58 Cloudy Atlanta. Ga 30.30 50 PtCldy Amarillo, Texas... 29.62 46 PtCldy Bismarck. N. D 30.28 —2 Snow Boston, Mass 30.56 30 Snow Chicago, 111 29.82 54 Cloudy Cincinnati, Ohio 30.12 5S Cloudy Cleveland, Ohio 20.02 56 Cloudy Denver, Colo 29.50 28 Snow Helena, Mont 30.38 —6 Snow Jacksonville, Fla... 30.24 60 Clear Kansas City, Mo.. 29.68 66 Cloudy Louisville, Ky 31.12 62 PtCldy ; Little Rock. Ark... 29.94 62 PtCldy Los Angeles, Cal... 29.98 48 Cloudy! Mobile, Ala 30.12 60 PtCldy | New Orleans, La... 30.08 02 Cloudy l New York. N. Y 30.28 38 Cloudy Norfolk, Va 30.36 42 Clear J Oklahoma City.... 29.64 64 Cloudy | Omaha. Neb 29.56 58 Cloudy; Philadelphia, Pa..30.2S 38 Cloudy; Pittsburgh, Pa 30.14 56 PtCldy ; Portland. Ore 30.00 34 Cloudy ; Rapid City, S. D... 30.14 6 PtCldy Roseburg, Ore 30.02 34 Clear San Antonio, Texas. 29-76 70 Cloudy’ San Francisco, Cal. 29.92 46 Clear St. Louis, Mo 29.88 69 Cloudy St. Paul. Minn 29.88 22 Snow Tampa, Fla 30.18 64 Clear Washington, D. C.. 30.28 42 Clear J. H. ARMINGTON, Meteorologist. Weather Bureau. SWINE PRICES SHOW WEAKNESS Butcher Cattle 10 to 15 Cents Higher—Calves Steady. RANGE OF HOG PRICES. Good Good Good Feb. Mixed. Heavy. Light. 14 . [email protected] $9.50® 9.50 $10.25®10.60 15. 9.85 @ 10.15 9.50® 9.65 10.45 (g) 10.40 16. 10.15 @ 10.40 9.76 ® 10.10 [email protected] 17. 10.25 @ 10.60 9.55 @10.15 [email protected] IS. 10.25 @ 10.50 [email protected] [email protected] 20. 10.75 @ 11.00 [email protected] [email protected] 21. 10.85 @ll.OO [email protected] [email protected] 22. 10.75® 10.80 10.60 @ 10.75 [email protected] N. Swine prices were generally 10 to 15 cent lower in trade on the local live stock exchange today, with receipts around 5,000 and the demand by both packers and shippers rather slow. There was a top of $10.90 on light | swine, showing a decline to 20 cents from ; the top of the market of the previous | day. | Light swine generally sold at $10.85 j and mixed, mediums and heavies at $10.75 (g; 10.85. Pigs were in poor demand and brought I s9.so<g 10.50. Roughs were fully 25 cents lower, sell j lug at $9 and down and stags were lower j at [email protected]. The bulk of the sales for the day; ranged at $10.75('t 10.85. Trade in cattle was active and prices j were fully steady on steers to 10<gL>- ; higher on butcher grades. There were a few spots in the butcher j market that were around 25c nigher, but j these could not be taken as a'part of the general market. All the principal packers were active. j and it was thought that all of the 1.000 j fresh cattle on the market would be sold { before the close of the day’s trade. Calves were steady, with receipts close to 400 for the day, the quality around standard and the demand good. The top of sl4 of the previous day was maintained and the bulk of the choice veals brought $13.50. There were less than 100 sheep ana j lambs on the market and prices were J steady, with the quality fair and the demand good. HOGS. 160 to 180 lbs average [email protected] ‘ Over 300 lbs 10.25<ti 10.50 150 to 300 lbs 10.60@ 10.90 Sows 8.00(g; 9.00 Best pigs, under 140 lbs 9.50<a 10.00 Bulk of sales 10.75(®10.85 j Top 10.85 —CattlePrime corn-fed steers, 1,200 to 1,800 ll'S 7.00® 8.25 Good to choice steers, 1,200 to 1,300 lbs ;... 6.25® 7.00 Good to choice steers, 1,100 to 1.200 lbs 6.00@ 6.25 j Good to choice steel's, 1,000
to 1.100 lbs 5 25® 6.00 Common to medium steers, 800 to 1.000 ibs 5.50® 5.T5 —Cows and Heifers— Good to choice heifers 6.50@ 7.75 Medium heifers 5.25® 6.23 Common to medium heifers.. 4.50® 5.00 Good to choice cows . 3.50® 5.75 Fair to medium cows 2.25® 3.50 Cutters 2.50® 4.25 Canners 2.75® 2.50 —Bulls— Good to choice butcher bulls 4.25® 5.00 Bologna bulls 4.25® 3.75 Light bolongna bulls 2.75® 3010 Light to common bulls 2.25® 2.75 —Calves— Choice veals [email protected] Good veals 13.00®13.50 Medium reals 10.00®12.U0 Lightweight veals B.oo® 9.00 Common to heavyweight veals 6.00® 7.50 —Stockers and Feeders— Good to choice steers under 800 lbs 4.75® 5.50 Medium cows 2.50® 4.00 Good cows 3.75® 4.50 Good heifers 5.00® 6.50 Medium to good heifers 4.00® 4.75 Milkers 37.00®75.00 —Sheep and Lambs—£wct 2.00@ 7.00 Bucks 2.50® 3.50 Good to choice lambs 12.50® 16.00 Seconds 7.00® 8.50 Buck lambs 7.00® 7.50 Culls 3.00® 6.00 Other Livestock CLEVELAND, Feb. 22. Hogs—Receipts, 2,500; market, strong; yorkers,: $11.15; mixed, $11.15; mediums, $10.75;; pigs. $11; roughs, $8.25; slags, $6. Cat- | tie—Reciepts, 350; market, steady. Sheep j and Lambs—Receipts, 1,000; market, steady; top, $lO. Calves —Receipts, 500; market, slow; top, $13.50. CINCINNATI, Feb. 22—Hogs—Receipts, 3,000: market steady to 25c higher; heavies, [email protected]: mixed and butchers, [email protected]: mediums, $11.25; lights, $11; j pigs, $9.75; roughs, $8.25; stags. $5.50. Cattle—Receipts, 750; market steady; heifers, weak to 25c lower; bullc, steady ; calves, 13. Sheep and lambs - Receipts, 100; market strong; ewes, $l(o7; bucks. $4.50; choice lambs, [email protected]; secouds, $11; culls, ss@7. PITTSBURGH, Feb. 22.—Hogs—Receipts, 2,500; market, steady; prime heavies, $10.50@1l ; mediums, $11.15® 11.25; heavy yorkers, [email protected]; light yorkers, [email protected]; pigs. [email protected]; roughs, [email protected]; stags. [email protected]; heavv mixed, $10.75@11. Cattle —Receipts, light; market steady. Calves—Receipts, light; market, steady; vea] calves, $13.50; heavy and thin calves, ss@lo. Sheep and lambs—Receipts, 100; market, steady; prime wethers, [email protected]; good mixed, sß® 9.5>: good mixed, [email protected]; fair mixed, [email protected]; culls and commons, $2.50@4; choice lambs. sl6. EAST BUFFALO, Feb. 22.—Hogs—Receipts, 2.400; market, active; yorkers, $11.25; pigs, $11.25; mixed, [email protected]; heavies, $10.50@11; roughs, $8.75@9; stags, [email protected]. Cattle—Receipts, i25; market, active and generally steady; siiipping steers. [email protected]; butcher grades, $7®8.25; heifers, [email protected]; cows, [email protected]; bulls. $3.50©5; feeders. $4.50@6; milk cows and springers. $25@125. Calves— Receipts, 350; market, active; cull to choice, ss@ls. Sheep and lambs—Receipts, 1,400: market, steady; choice lambs, [email protected]; cull to fair, s9® 14.75; yearling. [email protected]; sheep. s3@lo. WICKED REPORTER. EDINBURGH, Feb. 21.—A newpaper reporter who refused to “get religion” at the Inveralloehy revival wits beaten and kicked by “converted sinner*.”
BETTER PRICES PREVAIL ON FOREIGNMART Trend of British Rail Values Is Upward, With Dollar * Rails Firm. MONEY SUPPLY LIMITED LONDON, Feb. 22.—Although a certain amount of hesitation was noticeable at the opening of the stock exchange yesterday a renewal of bullishness soon superseeeded and an upward tendency of quotations (feneraliy was resumed. Prices fell away somewhat in the gilt edged market for British funds, (Alt foreign bonds maintain their strength and quotations generally were higher. Home rails continued to be -he subject of excited dealings, but the price movement, though upward, was not su spectacular as on the previous day. Dollar rails held firm and foreign rails were a trifle harder. The industrial market was better and prices improved, iron, steel and engineerings all stiffening appreciably. the oil market enjoyed more business and prices responded moderately. Mexican Eagles were 4 7-32, shells 4 11-16 and Royal Dutch 3514- . ... African minings were stimulated by improvement in the Rand output. Amo leans virflunlly were idle. The supply of loanable credit again wis limited. Day to day money and overnight money both wre 2"m per cent and fixtures 3 per cent. Bar silver rose to 35%d for spot and was unchanged for forward delivery.—Copyright, 1922, by Public I.edger Company. GIRL, 20, ENTERS DOG DERBY WITH TRAIL VETERANS Wide Interest Is Shown in Famous Snow Classic of Yellowstone. ASHTON, Idaho. Feb. 22.—Competing against hardened veterans of the trail, including the world’s best dog drivers, Lydia Hutchison, 20-year-old girl, started today in the American dog derby, the only woiu-Tu ever entered in the famous snow classic. The race will mark the opening of the Golden anniversary of Yellowstone Park. Miss Hutchison will carry two numbers in the race, her own and that of Smoky Gaston, the young driver who was compelled to withdraw when his dog team fought a losing battle with a lynx near West Yellowstone. Gaston had been posted as missing for several days and the search for him through Targhee Forrest was led by Miss Hutchison. When word reached here today that Gaston was definitely out of the race, she declared her intention of carrying his number in the grueling contest. Among other contenders are the American champion dog team driver, Tud Kent; Wiliam Trude, noted Canadian driver; George IMloer, William Koch and other famous mushers. BARD OF AVON PICTURE FOUND Portrait Believed Painted in Shakespeare’s Day. LONDON, Feb. 22.—A portrait, which it is believed, may be one of Shakespeare painted in his life time, has been discovered in London. Th e portrait bears the inscription ‘‘Gulieirao Shakespeare.” and the date 1611. The portrait, thirty six by twenty-four inches, is that of a man with a mass of dark hair brushed back to disclose a fine brow and wearing a pointed beard trimmed after the Elizabeth fashion. Roger Kirnber, present owner of the portrait, says; “My father found the picture on * rubbish heap in the cellar at Chelsea thirty-three years ago. When he died in 1904 he left, it to me, and it has been lying behind our piano ever since.— Copyright, 1922, by Public Ledger Company.
Local Stock Exchange
—Feb. 22. STOCKS. Bid Ask. Ind. Ry. & Light com 60 Ind. Ry. & Light pfd 75 Ind. St. Ry 40% 45 T. H. T A L. pfd Indpis. & N. W. pfd 60 Indpls. & S. E. pfd 60 T. H. T. & E com 6 T. H. T. & L. pfd T. H. I. & E. pfd 15 U. T. of Ind. com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind.. 2d pfd 2 Advance-Rumely com Advance-Rumely pf£ Am. Creosoting pfd 93% Am. Central Life 190 ... Belt It R. com 67 Belt R. It. pfd 49Vi ... Central Bldg. Cos., pfd 93% Citizens Gas Cos 23% 24% City Service com 173 177 City Service pfd 53 57% Dodge Mfg Cos. pfd .’ Home Brewing 44% Ind. Hotel com 75 Ind. Hotel pfd 97 Indpls. Nat. Ins. Cos 2 Ind. Title Guarantee Cos 45 Indiana Pipe Lines 87 Indpls. Abattoir pfd 46 ... Indpls. Gas 45% 47% Indpls. Tel. com 2 Indpls. Tel. pfd 90 Mer. Pub. Utl. pfd 48% 53% Nat. Motor Car Cos 2_ 4 Pub. Sav. Ins. Cos 4% Rauh Fer. pfd 47 Vi Stand. OH of Indiana 85% 86% Sterling Fire InlTCo i.. 6% Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. com 3% Vandalia Coal Cos. pfd 6% 11% Wabash Ky. pfd..' 21 25 Wabash Ry. com 6% 9 BONDS. Broad Ripple 5s 60 Citizens St, Ry. 5s 73 76 Indian Creek Coal & Mine 100 Ind. Coke & Gas 5s 86 Indpls. C. & S. 5s 91 Indianapolis North. 5s 37% 41 Indpls. & Martinsville 55.... 59 Indpls. & N. IV. 58 47 Indpls. & S. E. 5s 45 Indpls., Shelby. & S. E. 5s 75 Indpls. St. Ry. 4s 59 61 T. H, I & E os 50 . ... U. T. of Ind. 6s 44% 49% Citizens Gas Cos. 5s 86 91 Indpls. Gas Cos 84 89 Kokomo, M. & W. 5s 83% Ind. Hotel Cos. 3d 5s 95 Indpls L. & H. 5s 86% 90 Indpls. Water Cos. 4%s ...... 80 Indpls. Water 5s 94 95% Mer. 11. &L. 5s 96% 99 New Tel. Long Dist. 5s 95 New Tel. Ist 6s 95 Indpls. E & T. 5s 74 Sou. Ind. Power 6s 88% ♦Ex-dividend 3 per cent semi-annual. INDIANAPOLIS PRODUCE. Eggs—Loss off. 23@24i\ Butter—Packing stock, 130. Poultry—Fowls, 17@22c; springs, 20@22c; cocks, 13@14c; stags, 13@14c; capons. 7 lbs and up, 30c; capons, under 7 lbs, 26c; capon slips, 7 lbs and up. 26c; capon slips, under V lbs, 21@25e; young hen turks, 8 lbs and up, 35@40c: young tom turks, 12 lbs and up. 35@40c; old tom turks, 30@33e: cull thin turkeys not wanted; ducks, 4 lbs and up. 16@18c; geese, 10 lbs and up, 14c; squabs, 11 lbs doz. $5; young guineas, 2-lb size, per doz, [email protected]; old guineas, per doz, $3. Butter—Local dealers are paying 37@ 38c per lb. for butter, delivered lu Indianapolis. Butter Fa t-B Local dealers are paying 36c per lb. for butter fat, delivered In Indianapolis, I
INDIANA DAILY TIMES, WEDNESDAY, FEBRUARY 22, 1922.
Senator Heflin Urges Senate to Investigate Reserve Board Charges
WASHINGTON, Feb. 22—Senator Tom ing the Senate to make the investigation. Heflin, Democrat, of Alabama, today „ Heflin alleged in the resolution the , ’ Federal Reserve Bank of Atlanta, Ga., asked the Senate to investigate his disseminating propaganda attacking charges the Federal Reserve Board is him and other critics of the Federal Retrying to injure him politically because serve System at the instanaee of the of his criticism of its deflation poll- board. He requested the appointment of cies. Heflin introduced a resolution ask- five Senators to investigate.
EVANS CHARGES HARTMAN WAS TO REWARD FRANCIS (Continued From Page One.) brook Distilleiy. Francis found a great quantity of l'quor stored there and lie filled a stolen automobile with the whisky and brought it to Indianapolis, placing it in a garage near his apartment. Mr. Evans then went into detail concerning the visits of Detective William Rtigenstein to the Francis apartmen* following the birth of a child to Mrs. Francis, and how Francis made ! ns escape from the apartment. This evidence was introduced at the time Judge T. J. Moll of Superior Court, Room 5, Injl.l that Hartman was ineligible to b(? a caueidate for the city judgeship. Huge istein went to the home of Francis (known as Moore to the detective) to get trace of a stolen car. Mr. Evans charged that Francis went directly to the office of J. Herbert Hart man to discuss protection of the stolen goods and whisky and charged that Hart man did call at the Francis apartment and give instructions regarding (lie hiding of the “stolen whisky” in the basement of the Francis homo. Mr. Evans said the evidence will show that Rugenstein met Karl Kunkle at the Francis home under an assumed name and that Kunkle, who met Francis in the Ohio penitentiary, posed ‘‘as a lawabiding citizen” who was anxious to "turn up’’ Moore (Francis). The prosecutor charged that Kunkle arranged a "fake meeting” with Moore for the purpose of throwing the detective off of the trail of Francis. TELLS OF TRANSFER OF HOUSEHOLD GOODS. The prosecutor told of Francis’ sudden departure from the city, of the Ilart mans taking all of the liouhehold goods of Francis to their home and of the death of the Francis loib>*. The State charged that Hartman was so well acquainted with Francis that Hartman knew him under several different names. According to Mr. Evans, the State will show that Ilartmuu introduced Francis re a local doctor as Davis. Continuing, Air. Evans said : “The evidence will show that in January. Francis stole a fur coat belonging to Matthew Passnassky, sl9 West Broad "ay" street, Louisville, Ity., and that Francis brought this coat to Indianan oils. This coat was valued at $750. The evidence will show that another valuable fur coat was s'olen from the Robinson home in this city. Mrs. Hartman was wanting to wear the Robinson coat hero and it was not thought safe, go the Rob inson coat was substituted for the Pas.snassky coat. “There was close communion between Hartman and Francis previous to the primary." the prosecutor charged. FRANCIS GAVE SAME ADDRESS AS HART.M IN. Mr. Evans went into detail concerning the alleged activity of Francih in Hartman’s behalf at the primary and declared that the evidence will show that Francis voted at tho primary at the same time Hartman did, giving his address the same as given by Hartman. The prosecutor told of a trip, which he contended the evidence will show, to Rome City, Ind., in a stolen car and declared that Francis registered at a hotel us Frank Howard and wife of Cleveland, Ohio, and that Hartman and Ws wife registered from Indianapolis. It was stated that Francis posed as Frank Howard, an attorney, who came from Cleveland to aid Hartman in his campaign. The Slate will show .Mr. Evans stated, that Hartman and Francis quarreled and that the Hartmans left. Later Francis and Hartman became reconciled, the State charged. Mr. Evans charged that several stolen automobiles were kept at tho Hartman garage and that Hartman used one or these ears during his campaign- O;e of the alleged cars was found liy the police after it-was abandoned by Francis following an accident while Hartman was driving the car, the State charged. Mr. Evans declared that the evidence will show the eteps taken by Francis after consulting with Hartman to prevent the police from finding out that Hartman had used the car.
TELLS OK ARREST OK FRANCIS IN DAYTON. Mr. Evans dwelt at length on the arrest of Francis iu Dayton, Ohio, on a charge of stealing an automobile and how Hartman is alleged to have rushed to the legal aid of Francis after making a campaign speech in Indianapolis the previous night. The State will introduce hotel records to show that Haft tiixn registered at the same hotel with Francis, and that Hartman defended Francis In court at Dayton under the name of Francis. Mr. Evans charged that Francis stole a coat valued at SSOO from Mrs. Ann ’Jorpey of Louisville and that Hartman lat"r came into possession of that coat following Instructions front Francis. “The reward that Francis and Kunkle and the other •penitentiary birds’ was to get was protection from the city court when Hartman became city judge,’’ Mr. Evans declared. Bonds were to lie fixed so that Francis could jump bail.” Mr. Evans read long lists of stolen goods recovered and found at the Hartman home, Including the goods belonging to Dr. Katterhenry. Many other transactions in which the State claims Hartman was involved with Francis, were given by Mr. Evans. Attorney Ira Holmes reserved the right to make the opening statement in behalf of Hartman at the close of the iutroduc tion of testimony by the State. FUNERAL RITES FOR MRS. SNYDER Well Known Woman Dies at Her Home Here. Mrs. W, V. Snyder, 68, a resident of Indianapolis for fifteen years, died at her home, 917 Fletcher avenue, todag, following an illness of two months. Funeral services will be held at the home of a son, Vattler Snyder, 3930 Graceland avenue, at 2 o’clock Friday afternoon. The Rev. P. W. Uorefa, pastor of the Fletcher Place Methodist Church, will have charge of tbe services. Mrs. Snyiler is survived by her busband aid three sons, Vattier and E. A. Enyder of Indianapolis, and Henry P, of * Portsmouth, Ohio, and- Charles of Detroit. WILL ADDRESS “AD” CLUB. William S. Fowler of the Hampden Glazed Paper Company of Holyoke, Mass., will address the Advertising Club of Indianapolis at its v’eekly luncheon at the Chambei of Commerce tomorrow His subject w ’! be “Cover Work as Applied to Catalog aj House Organ Forms.” DOOM OF K .’LWAY “SPECIAL.V LONDON, Feb. 21.--The St. Paneras private special trains are nrnctically unheard of now, according to railroad officials.
HARDING WILL HOLD CONFAB WITH LODGE (Continued From Page One.) mit the signatory powers to any guarantee of, or to any opinion regarding the validity of, any rights which may, by any powers or people, be claimed as valid but which at the same lime may by other powers or peoples, be deemed invalid; and it is understood that in any dispute, existing or future, regard | ing the validity of rights the signatory i powers reserve each to itself a full lib- ; erty of judgment.” CHANGE IN RATIFICATION CONDITIONS. ! It was denied' by Senator Lodge that ! he had formally accepted the Brandegee or any of the proposed reservations. It was understood previously that the I Brandegee reservation was not only ac- • ceptable to Lodge, but that it had been : submitted to the President, who, while regarding it unnecessary, had not offered any objection to it. The situation had aparently changed over night, however, as Lodge was said to have renewed his original objection to- ■ day that reservations to the Pacific pact ! are unnecessary. ; Finding himself only able ♦' .itrol a ; minority of the committee, it as reported that Lodge had reached a decision , to first consult the President before per- ! iriittuig the question of reservations to proceed any further. Senator Kellogg, Republican of Minnesota, an Administration committee member, who is supporting Lodge, declared that the reservations were not only “absolutely unnecessary and superfluous,” but that If a “precedent were per- ■ milted to be established I y the accepti au< e of one, there was bound to be a flood of others whkj would lead to lntermina- ' bio delay.” Kellogg announced his in- | tentiou of continuing his fight against j the reservations both in committee and on tiie Senate floor whenever the Pacific j pact gets there. i For two hours the committee members wrangled behind closed doors, over the ; Brandegee, Johnson and other reservaI tlons pr posed. The upshot of the situation was that no vote was taken on any of them, and Senator Lodge decided that the President ought to be consulted as to the probable effect of the reservations. not only upon tho Pacific pact, j but upon the results of the armament . conference generally. The situation is one which giving the | Administration leaders much concern, in j view- of the control the Republican i “lrreconoilables” and Democrats have of I the Senate Foreign Relations Committee. I Neither the Pacific pact nor any of the , other conference treaties can be reported without their say-so, and they declare they are determined that the Pacific treaty, especially shall not leave the committee without the Brandegee reserva- ; tion being attached to it. The Brandegee reservation would prevent the United States, without the consent of Congress, from entering Into any future agreement or adjustment under the treaty which would be binding, either legally or morally, upon the American people.
U.S. MUST KEEP UP EXPERIMENTS IN AIR, KAHN HOLDS House Military Affairs Leader Says 34 Who Lost Lives Martyrs to Cause. WASHINGTON, Feb. 22.—Although the Kama disaster has struck another chord of horror to the mass of the American people, the (.'nited States must not cease Its experiments to conquer the air by lighter than air craft development, Julius Kahn, chairman of the House Military Affairs Committee, declared today. “The thirty-four men who lost their lives in the catastrophe are martyrs to the cause,” said Kahn. “Their sacrifice must not bo in vain, and the United States cannot permit other nations to continue development of aircraft and stand idly by. AVe must keep astride with the world. “It is to be hoped that enough helium gas. which is non-inflammable, can bo produced for all our lighter-thau-air craft. The pity is that this substance was not available for the Roma. Had it been this terrible accident would not have claimed? such a toll of life.” Kahn declared there is strong possibility that the House will demand a Congressional investigation of the Roma disaster. MRS. STILLMAN’S FATHER IS DEAD James Brown Potter Dies Suddenly in Virginia. RICHMOND, Va.. Feb. 22.—James Brown Potter of New York, dead, Newport and Tuxedo Park, was found in his bed here today in the homo of Colonel W. Frank Powers, whom he was visiting. Potter was the father of Mrs. “Fifi” Stillman. Heart, disease was given as the cause of death The body will be taken to New York for burial. Vest-Pocket Revolt Leader Rounded Up EL TASO, Texas, Feb. 22. -Nicholas Rodriguez, who, with a handful of men, started a revolt in Northern Mexico against the Obregon government, was cornered and wounded by Federal patrols near the border town of Guadaloupe, according to word here today. Rodriquez escaped after his men were routed. The clash occurred on the ranch of Frank Williams, an American. ' Muncie Reports 100 Cases of ‘Flu’ Special to The Times. MUNCIE, Ind, Feb. 22.—Five deaths from pneumonia and influenza have occurred here in the last week and It is estimated there are 100 cases of “tin” here. Several of these cases are considered serious. Health authorities are urging every precaution, but there Isv no indication of a general quarantine unless the situation grows much more serious. Slays Mother LOUISVILLE, Ky., Feb. 22.—Mrs. Min nie Feeht, 56, probably was fatally wounded by her son, Joseph Feeht, 24. believed to have been Insine, who attacked her with a hatchet while *he was asleep. John Feeht, 26. brother oMklosepli. who was first attacked, also is Sffering from severe injuries.
LEGION POINTS TO ONE WAY TO HELP JOBLESS Lincoln Residents Provide for More Volunteer Night Patrolmen. ! LINCOLN, Neb., Feb. 22.-When Lin- ] coin’s ex-service men’s organizations put i their stamp of approval on a jobless veteran the man thus branded is due to run to work—or from it. The Lincoln plan whereby jobs have been found for a small army of unemployed Veterans of Foreign Wars is drawing inquiries from American Legion posts, welfare organizations, civic j associations and city officials throughout i the United States. j Originating with H. L. Carpenter and | other officers of Richard H. Harris Post ! No. 131. Veterans of Foreign Wars, the ! system has been approved by the LinI coin Chamber of Commerce, Rotary Club, i business organizations and city lathers. PLAN IS EXPLAINED. | As explained by Captain Carpenter, the plan in brief is: | Each applicant found worthy and well ; qualified is supplied with a blank form petition, which he carries to residents of j a certain assigned district for signa- | turns. The signatories pledge themselves ! to pay $2 a month each for night pa--1 trolling and policing of the district in which they reside. The man thus oh- ! taining sufficient signatures is supplied with a police badge, armed and put to * work as night patrolman in his prescribed precinct. He is an authorized member of the city police force, for whose services the city treasury is not assessed, i lie reports to poliee headquarters by telephone each hour between S p. m. and C o’clock in the morning. I The city is divided into patrol zones which interlap, • the patrolman of one zone encountering his fellow officers of two neighboring zones at regular intervals of half an hour. FIRES ARE FEWER. i Lincoln has not recorded a serious fire |in the residental districts since the soldier patrol system got under way. Burglaries and automobile thefts also have been reduced to a minimum. Liquor manufacture is virtually nil. In fact, the borne section of the city is said to be the i best policed of any place of like size in i the country. | Meanwhile , there Is little complaint of j unemployment among ex service men who can show honorable discharge papers. Lincoln veterans are working—and eat- , lug—regularly, legion officers say. BABYSTYLE SHOW AT AYRES SMART SPRING FEATURE Living ‘Modelettes ’ Display French Styles in Attractive Fashion. BY MABEL WHEELER. On the third floor of Mr. Ayres’ shop | today, the uninformed shopper no doubt 1 thought that she had Btepi>ed Into a Juvenile “Passing Show" by mistake, for dainty. dimpled,'tiny living “modelettes," frollccd hither and thither, clad In the ; very Frenchiest styles for children. Cun- ! uing, cropped haired, sturdy little chaps j In smart spring suits, strode about, bei fore delighted lookers-on. There were ! smart extreme chapeaux In straws and flowers, cunning summer frocks and clever accessories, adorable little-boy suits with regular, full-grown pockets in tho trousers; even very small baby things were exhibited. But It was merely the baby style-show, conducted In connection with the regular spring style of the shop, held between 9 and 11 o'clock this morniug. There were about a dozen youngsters serving as models, under the watchful eyes of their respective mothers. The littlb folk ranged from Pie fairest skinned blonde to the raven haired brunette, all three years and under. Special guests for the showing were the Rotarians and their wives. , Woman Arrested for Hold-up Tale LONG BRANCH, N. J.. Feb. 22 Mrs. Sarah L. Robert son, who Saturday night reported to the police a dinner party at her Deal bungalow had been held up an<r Jewels valued at $50,000 taken from her, was arrested today, charged with conspiracy In causing the hold-up. Will Lay Keels if One Nation Holds Out LONDON, Feb. 22.—Lieut. L. C. Camery, speaking for tho government, announced In the House of Commons this afternoon that the Admiralty will not lay down the keels of the proposed four new superdreadnoughts unless one of the powers signatory to the Washington treaty falls to ratify it. Prohibition Drives Brewer to Suicide ST. LOUIS. Mo., Feb. 22. —Despondency over prohibition today prompted William I Hell, 66, wealthy, retired brewer, to cora- | mit suicide by shooting himself in the head. Heil’s son-in-law told police Tleil had been worrying since the Volstead act became effective. . IVILL CHANGE FORD TEXT. WASHINGTON, Feb. 22.—The text of the offer of Henry Ford for the Muscle Shoals nitrate and power plant will be so changed as to guarantee the production of finished fertilizer, W. B. Mayo, Ford's chief engineer, stated today.
Indianapolis Sanitary District 6% Bonds SI,OOO Each Exempt from all Federal Income Taxes and all Indiana State, Municipal and Local Taxes. Yield 4.70% Fletcher American Company 2nd Floor Fletcher American Bank Bldg. INDIANAPOLIS Chicago Detroit Louisville South Bend Private Wire to Principal Markets
In Our Model Grocery QUALITY—SERVICE—MODERATE PRICES Exclusive distributors for Indianapolis and vicinity '1 Park & Tilford’s world’s famous food products. v* m On sale only from 8:30 a. m. to a 12 m ‘ Sun ‘ ,it Bread . hot frorTl 1 A our ovens. All pan breads, Ineluding rye, graham and whole wheat; one-pound loaves; while supply lasts, loaf
CHOICE BEEF R LASTS, boued and rolled for roasting, on. pound 4UC No phone orders. EGG PLUMS. No. can (dozen, s2.7ai, can 25c PINEAPPLE, slieed. Sun-lit brand. No. 2% can (dozen, $4.10), can 35C RED RASPBERRIES. Tark & Tilford. No. 2 can (dozen $5.80), can... 4J4C RED PITTED CHERRIES. Park A Tilford, No. 2 can (dozen, $5.80), can .... 49c
SMOKED BONELESS SHOULDERS, for roasting, 99pound LL C CORN, Yankee Baby, Country Gentleman (dozen, $1.75i, can 15c PEAS, Y an k e a Baby, early Junes (dozen, $1.75), can 15c APRICOTS, natural Sunlit brand, No. 2Vi cans (dozen. s4:lo>, can 35C S TRAWHERRIES, Park & Tilford, No. 2 can (dozen, $5.10), can 43 c
the BASEMENT STORE llpi A Special Purchase and Sale of 200 New Spring SKIRTS At a price so sensationally low we expect the most rapid selling that The Basement Store has ever known. Price- ,M The reason: A large manu- ranS^>— *T\ \ facturer took all the short ends lj. of his materials left after tailor- fSpgjl \ /Xo ing their spring merchandise KaHKS m and made them into separate ■ySRj I/aSS/ Coming so recently from the fjjfffSß iTfjTj j east, they bring with them the [ latest fashion conceits, smart ■haaKßp plaited models in the most pre- mBSsP' *8" ferred weaves and colors, IrapW namely— EMa —Novelty Plaids —Tweeds —Novelty Checks —Mixtures f\\ —Gray —Velours I —Brown —Contrasting Stripes. —Blue —And Checks Just 200 to offer —we're sorry it isn't a thousand. Up to $5.00 and $6.00 qualities, but owing to the advantageous manner in which we bought them, we are offering them to the public at this low price $5.00
o*i
Sale PLUSH COATS For Women and Misses The smartest models of the season from America's best plush coat specialists—they show it in their careful making, their beautiful lines. Sale Price, s ls and $ lO Not the ordinary models one finds at two or three times this price, but the finor coats of soft, silk plushes so beautiful that they can scarcely be distinguished from real fur. The coats have lovely large collars of fur or seli materials and are handsomely lined with the best of and silk linings. If you prefer to buy your coat now for next season you have the advantage of our layav.ay plan. Exceptional values at SIO.OO and $15.00
Beddings and Domestic Cottons
MOHAWK BLEACHED SHEETS—--81x99 $1.49 80x90 $1.35 72x90 $1.29 BLEACHED SHEETING, yards wide; 65c quality, yard 49<* BLEACHED SHEETING, 2% yards wide; 75c quality, yard 55^ UNBLEACHED SHEETSNG, 2% yards wide; 75c quality, yard 44£ UNBLEACHED SHEETING, 2% yards wide; 75c quality, yard 55£
The Wm. H. Block Cos.
PORK ROAST, fine for roasting, pound 20C No phono orders. ROYAL LUNCHEON COFFEE, our own blend, finest coffee, (S pounds, 95c), pound 35<* BARTLETT PEARS. Park & Tilford, No. can (dozen, $5.30), can 45£ FLORIDA SWEET ORANGES, dozen 350 GRAPEFRUIT. fancy Floridas. priced according to size. Tsc. 10c and 8 C —Fifth Floor.
DRESSES For "Women and Misses *8.75 Models for Miss Models for Matron Regular Sizes Extra Sizes This sale is planned for the stout woman as well as the medium size or slender woman. All sizes, 38 to -14. We can also fit the woman who wears up to 52 y. Smart frocks of Poplins Beaded or plain Serges Trlcotlnes Tailored models While they last..-$8.75
PILLOW TUBING, good heavy quality in a nice linen finish—--42-inch width, yarJ..39<* 40-inch width, yard..36< 36-inch width, yard..33£ COTTON BATTS, small size, special 39^ COTTON BATTS, comfort size, snow white. 3-pound weight, extra special.. 69<* COMFORT CH ALLIS, yard wide, medium and dark colors; special S.7C APRON GINGHAMS, best quality, all size blue checks, extra special
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