Indianapolis Times, Volume 35, Number 188, Indianapolis, Marion County, 16 December 1922 — Page 11

DEC. 16, 1922

EXCHANGEUPSET BY PANIEIU Unexpected Declaration of Stock Dividend Causes Wild Buyin'g in Wall Street. SHORTS SUFFER HEAVILY General Market Deviates Little From Recent Trend—Rails Are Held Back. By The Wall Street Journal NEW YORK. Dee. 16. —Pan American’ unexpected action in declaring an additional twenty per cent stock dividend enlivened what otherwiae might have been a rather dull session on thè New York stock market today. Corning ovemight. thè authorization of this dlsbursement caused a wild opening in thè Pan-American issues which proved decidedly expensive to shorts with stop loss orders in these stock. Generally speaking thè market deviateci little from thè program followed in other recent sessions. Rails stili indicated that they were being held back by transactlons for thè purpose of establishlng losses while thè leading speculative lndustrials moved in a trading range. Early heaviness in thè alatter group was followed by a fair ■recovery before thè dose. As a wfcole thè market suggested that it was stili in thè process of preparatlon for a renewal of thè primary forward movement when money became permanently easier aster thè first of thè year. CommenUng on thè new stock 20 per cent dividend, E. L. Doheny, chairman of Pan American Petroleum and Transport Company said: “The success of thè exchange of l’an American common and preferred stocks under thè recent offering was so complete that thè surplus of Mexican Petroleum Company becomes a surplus of Pan American. This is thè reason for thè additional stock dividend of 20 per cent. Percentage of Mexican Petroleum now owned by Pan American is so large that thè Government is permitting a Consolidated statement.” Twenty active industriai stocks Friday averaged 05.03, off .16 per cent; twenty Active rails averaged 84.58, off .30 per cent. Twenty active industriai stocks Saturday averaged 98.13, up .10 per cent; twenty active rails averaged 84.59, up .01 per cent. LOCAL BANK CL.EARINGS Indianapolis bank clearing Saturday •ero 53.452.000; bank debita were $7.830.000. For thè we*k endintr Saturday bank clearwere 521,140.000; bank debita were 540.556.000.

FOREIGN EXCHANGE Bv United rinunciai NEW YORK. De. 16.—Forvigli exchange Hlosod finn. W Sterlina, demand. 54 65; 4.65 %. Freno'., demand. 700 He: cable. 7.61 c. tire, demand. 5.i0%c: cable 5.11 e. Beifian demand. 7 02 He: cable. 7.03 c. Mark. 0188 c Grcck. demand l.lOe; cable, l.lSc. Swis demand. 18 960: cable, 18.48 c. Gulider. demand. 39.93 c: cable. 39.96 c. Peseta. demand. 15.75 e; cab'.es. 15.77 C. Swsden. demand. 26 Ole; cable, 26 95c. Norsay. demand. 19 OSc: cable. 19.12. Deninark, demand. 20.84 c: cable. 20.88 c. CURB OF'ENS STEADY. BUT LACKS INTEREST PracticaOy All Stocks Are Subject to Recesslons. Bv United Finendo} NEW YORK. Dee. 16. —Aster a steady opening, thè curb market ylelded to lack of interest in thè short session today and mar.y stocks 1 eold down from thè best prlce of thè day which they had reached in thè early trading Even thè stocks whicn held on recent easing carne in for recessions. The oils shared thè actlvity with Continental Can. The Can stoelf incidentali was one of these ’.hat ylelded but little. Standard of Indiana started above 116, but went back nearly a point end Kentucky eased off slightly. Delaware and Lackawanna coal made a new 192 high at 110 in anticipa tlon of thè declaration of thè 40 per cent stock dividend, but later tropped a point under this figure. IjfNEW YORK CURB MARKET (By Thomnn & VcKlnnon) —Dee. 16— —Closinff— Bid. Ask. Acme Packlng 34 37 Curii Aero rom 4 6 Curii Aero pfd 24 27 Go’dfteM Con ........ 9 10 Jumbo Extent-lon 5 7 Int Petroleum 20 44 2044 Kirby Oli 3 3Vi Nipisslnsr 5% 6 Standard Motor 2V4 244 Sa’t Creck 20 4 20% Tonopah Extension ... 2*4 2 % Tonorah Mining 313 16 3 15-16 United P S new ...... 544 544 U S Ughi and Heat ... I H 1? V S r.ir-ht nd Heat pfd 1% 2 Wrbrht-Watin 2 6 Yukon Go ! d Mine C 0... 75 85 Jerome 2 V 4 24 New Cornetta 16 17 United Verde 27 27 V 4 Se moyah 2 6 <srwr Mi 98 100 Eep Tire 35 60 CHICAGO STOCKS (By Thomson & McKlnnon) —Dee. 10— Open. High. Low. Close. Gnssard 28 28 27*4 27 44 Cont. Motors, liti 11% liti 11’4 Com. Edison. 137 >4 127% 127 V 4 127% Nat. he new 7>4 7% 7 7% L. McN. now 6% 0% 6% 6% Moni. Ward.. 22% 22% 22 "2’4 Plg Wig -19% 49% 49 49% BWin & Co. . 106% 106% 1!>6% 106% Swift Tntl. .. 19% 19% 19% 19% Btew Wam.. 00% 62% 60% 02% Union Carb... 63 03 62% v 62% IVahl 54 % 56 54% "56 Wrigley 114 114% 114 114% TelloW Taxi. 72% 72% 72% 72% IN THE COTTON MARKET Bu United Financial NEW YORK, Dee. 16.—Cotton opened ■leady. Open. High. Low. Close. ti4uary 25.25 25 48 25.20 25.45 Varch 25.48 25.71 25.42 25.68 May . 25.54 25 87 25.54 2* 8’ July 25.25 25.63 25.25 25.57 October 23.88 24.00 23 HO 24.00 Decomber .... 25.29 25.47 25.25 25.47 Bu l’nitxl Financial NEW ORLEANS. Dee. 16.—Cotton opened up 2 to 4 poiuts. January. 25.10 c; March. 20.30 c: May. 25.15 c: July. 25.00 e. DRESSED BEEF PRICES Wholesate selline prieea of dresaed beef (Swift & Co.) : Riba—No. 2. 19c; No. 3. 14c. Loina— No. 2,23 c: No. 3. 17c. Round—No. 2. 14c: No. 3. 13e. Chueks—No. 2, Ilo; No. •I. 9c. Piate—No. 2. 8c; No. 8,7 c.

New York Stocks (By Thomson A McKlnnon) —Dee. 13—

Prev. High. Low. Close. dose. Ballroede— Prev. Open. High. Close. close. Atchison ...101% 101 101% 101 B 4 O 42 ... 4144 4144 Can Pac ...143 ... 143 142% C k O 71% 70% 71% 70% CR I & P.. 32 44 ... 32V4 52%Del & Hud .118 117 Vi 117% 119% Del & Lack. 182% ... 132 132% Erie 10% ... 10% 10% Erie lst pfd 15 14% 14% 16% Gt No pfd.. 80 79 80 80% Lehigh Val.. 63 ... 63 63 Mo Pac pfd. 42% ... 42 42% N Y Central .93 ... 02 % 2 % NY NH & H 21% 21% 21% 21% North Pac.. 76% 74% 74 44 76% Pennsy .... 46 % ... 46 % 46 % Reading ... 79% ... 79 78% So Ry 23% ... 23% ... St Paul pfd. 35 34 84% 85 SIL4SW... 80 ... 30 20% StL *SF By 2144 ... 21% ... Un Pacific . .137 ... 130% 136 44 Wabash 8% ... 8% 9 Wabaeh pfd. 24 ... 23% 24 Rubber Ajax Rub 12% 12% 12% 12% Goodrich R.. 34% 34% 34% Kelly-Spg 44 43 44 43% U. 8. Rubber 52% 62 52% 62% Eqnipment— Am. C. & Fd. 185 184 185 184’% Am. L0c0...124 122% J®*,. iòni/ Baldwin L... 127% 125% 120% 12% Gen. Electric 180% .... 180% 180% Lima Loco.-:. 58 67% 58 Am. S. Fd... 37% .... 37% 3t% P. Steel Car.. 83% 83% 83% .... Pullman ....132 .... 129% 129’ WeaLAirb.. 11044 107% 109 % 104% West. Elee... 60% 59% 59 4 59% Steel— Beth. (8)... 63% 83 63% 63 Crvieiblo .... 72% 70 44 71 Vi 71% Gulf State.. 79 77 -9 77% Midvale 28% .... 28% 284 Rc-plogle .... 26% 25 26% 2u R I. & Steel 47% .... 47% 47% U. S. Steel . .108 107 107% 100% Vanadlum 30 .... 35% 35% Motor*— A. Bo.ch M. 40% 37% 40 % 30% Chandler M.. 64-4 63% 63% 63% Gen. Motors 13% 13% 13% Hudson M.. 25 44 .... ,25% '* Ke.sry Wheel 108 104 108 104 Max Mot B. 14% 14% 14% 14% Martin Perry 30% 30 30% 30 Pieroe-Arrow. 13% 12% 13 12 Studebaker .133% 132 133 Stromberg. .. 62 % 61 % 6- H 61 % Wi.lyp-Over. . 6% 64* 6% 6% Mining— Butte Sup... 33 32 32% 311* Dome Mine. 43 ... 43 43 Tex G and S 68 57 % 67 44 68 Total sale. 5:

SHARP BILL! IN GRAINSAT CLOSE Traders Say Crop Report Was Misconstrued. But nited Financial , CHICAGO, Dee. 16.—A1l grama rallied sharply toward thè close on thè Board of Trade today and eluseci at high figures for thè day and only fractionalìy lower than high crop record*. The early slump was consldered by traders to have resulted from a misconception of thè Government crop report. The rally toward thè close was largely due to a more thorough examination of thè crop report, continued rain in thè Argentine and a heavy export demand. Provisions closed unchanged. CHICAGO GRAÌN TABLE —Dee. 16— Bu United Financial WHEAT — Open. Hish. Low Cose. Dee.... 1.22% 124 1.21% 1.24 Ma 7... 122 1 234 1.21 V 1.23% July... 1.13% 1.14% 1.12% 1.14% Ti. ' .73% .74 V 4 -73% .74 V 4 Mar 73% .74 .72% ..4 .72% .73% .72% .78% f Voc 46 .45% .45 45% May... .40% .40% .46% .46% July... .42% -43 .42 .43 LARD—•Jan . . ... •• • ••• XO. 30 May...10.52 10.57 10.50 10.57 RIBS — , . •Jan .. ••• ••• 10.65 ... ••• >-®o R DecT. .. .89% .89% .89% .80% May... .93% .92 Vi -90% 92 •Nominai. CHICAGO CASH GRAIN BI CHICAGo! * Docile.—Wheat—No. 2 red. $1.35; No. 2 hard. $1.23© 1.24%. Com— No. 2 yellow. 75% O70Ho; No. 3 r-hlow 74%®76c; No. 4 yellow. 72%@73c; No. 2 n,Ui 75% ©75%c; No. 3 BiixetL 74it 74 %c: No 4 raixed, 72 %Q 72 %c: No. 6 mixed, 70%©72c: No. T white. 75%© 75% e: No. 3 white. 76% a76c. Oats—No. 3 white 45©40c Ry—B9 %c. Timothy—--80 @ 0.75. Clover—slo ©2O. INDIANAPOLIS CASH GRAIN —Dee. 16—* Bids for car lota of grain and bay at thè cali of thè Indianapolis Board of Trade Wheat —Throurh bllled steady; No. 2 red, Easier: No. 3 white. 67©67%0; No. 4 white, 06©67c: No. 3 yellow. 67% @ 68c; No. 4 yellow, 66@67c; No. 3 mixed, Eanier; No. 2 white, 44%@45c; No. 3 white 44 ©44 %c. Hay—No. 1 timothy. $16.50 ©l7; No 2 timothy. sl6© 16.50; No. 1 light riorw mixed. $15.50 ©10; No. 1 clovor hay. sls® 15.50. —lnspection Wheat—No. 3 red. 2 car; No 2 mixed. 1 car; samplc, 2 ears. Total. 5 car*. Com—No. 2 white. 1 car: No. 3 white. 11 cars: No. 4 white. 2 cars; No 3 yellow, 22 cars: No. 4 yellow. 16 cars; No. 5 yellow. 2 car; No. 3 mixed. 3 cars; No. 4 mixed 4 cars; No. 6 mixed, 1 car. Total, 03 cars. . Oaté—No. 2 white. 3 car; No. 3 white, 2 cara: No. 3 mixed, 1 car; No. 1 red, 1 car. Total. 6 cars. Rye—No 2. 1 car. Total, 1 car. Total receipt for thè day .74 cars. Grain prioes quoted f. o. b. basi, 41 %c to New York.

LOCAL HAY MARKET I,ooe hay, sl7 @lB. Timothy, baie. [email protected]. Mixed hay. [email protected]. Corn —New, 68@70c: old. 75c . Oats. 50@53c. LOCAL WAGON WHEAT Locai millß are paying $1.25 for No. 2 red wheat. NEW YORK PRODUCE By United Financial NEW YORK. Dee. 16.—Flour. dell, weak; pork. dull: ir.ess. [email protected]: lard. Bteady: middle west spo>„, 10.93@11e: sugar, raw. dull : centrifugai 06 test. 5.53 c: rcfln'd. qulet: granu'ated, [email protected]: coffee. Rio. No. 7 cn spot. HVsc: Santo No. 4. 15@ 1514 e: tallow. steady: special 7*4 @7s4c: city. 6%c: hay. st'-ad’: No. 1 ?13@i0' No. 3. slo<3 11 : dover, $8.50@12: dressed poultrv. qviet: turkey'. ;J5@54-c: chiekens. 18@ 45c: fowla. 15@31c: ducks 20@30c: live poultry. quiet: geege. 21@24c: ducks. 17@i 30e: fawls, 17@27c; turkeys. 45c: roostcrs. 14c: chiekens. 22 @23: hroilers, 25@30c: cheeee. steady: state whole milk, common to. speciale. 21 @2BHe: butteri steady: errarti-er-y, extra. 54 Vie: special market, 55 si 55He: state dtrv tuba. 38" H<■ : eggs. steady: nearby white faicy. 70@72c: noarby state whites. 56<?t690; fresh ftrst to extras. 54@63c: Pacific eoast. 57@69c: western white. 82@06c; nearby browns, 64 @ S7c. CHICAGO PRODUCE Bv United Financial CHICAGO. Dee 16.—Butter—Creamerv extra. 52 He: st andar ta, 50c: firsts. 45 @ 48c: seeond. [email protected] Erge—Ordlnary flest. 42@45e: firsts. 50@520. Cheese— Twins. 36H@27e: young Americana. 26® 27Hc. Poultry—Fowla. 14@19c: ducks, lOc; scese. 19c: ppringa. 17He: turkeys. 35c; roosters. 13c. CLEVELAND PRODUCE Bit l nitrii i'inanrinl CLEVELAND. De 10.-—Butter—Extra in tuba. 5S@59He: p inta Hi 59He: firsts. 57 <3 57 Hc. Egee—Fresh ithered northern Ohio extras, 58c: extra H'sts, 57c: firsts 55c; western firsts. 6.Jc: effrage extras 31c: extra firsts. 20c. Powry—Live heavy fowls, 22@23c: roosters 14® 15c: dueks, 23 @ 25c: turkeya. 40 @451. Potatoea—New stock. 91.65@2 per 150 gounds.

Prev. High. Low. Uose. close. Coppere— Amer Smelt. 67*4 67 67% 57% Anaconda... 50% 49% 50% 49% Chi! Copper 28 Vi 27% 28% 27% Kennecott... 37% 37 37% 37 Utah Copper. 04 08% 04 68 U S Smaltine 39 ... 39 39 OH Cai Petrol... 56% ... 56% 66 Cosden 62 61% 62 61% Houston OH. 68% 08 88% 69% Mex Petrol .242% 239% 242% 240 i Mid St Oil.. 11% 11% 11% H% Pan-Am Pet. 88% 86% 88 83 Pan A Pet B 86% SO 83% 78% Pac Oil 44% 44 % 44% 44 V* Pro and Ref 43% ... *3% 43% Pure Oil ... 27% 27% 27% 27% Royal Dutch. 51 % 61 % 31 % 61 % i 9 Oil of Cai. 114% ... 114% 114% S O N’ J new 39% 39V4 39 % 39% Sinclair .... 32 31% 31? 31% Texas Co. .. 47% 47% 47% 47% T.-Con. Oil.. 12 11% 12 11% Union 0i1... 18% 18 18 18 Industriai— AHied Cileni. 79% 79 79% 79 H Advance R 14% Alis-Chalmers 44% 44% 44% 44 % Amer. Can.. 73% 73 73% 73 % A H & I. pld 05 64% Am. Woolen 94% 94 % 94% 94% Cen. Leather 33% 33% 33% 2Ì., Coca Cola .. 77 76% 76% 75% Comp. & T 72% 72% Cont. Can... .112% 111% 111% 111% Endieott-J. . . 86% 80 86% 80 Va Pam. Play... 90% 90% 90% 46% Gen. Asphalt 46 % 40 40 % 45 % Inter. Paper. 63 % 63 % 53 % 63 % Mont. & W... 22V4 22 22 22 Vi Pìtet. Coal .... 68 58 % Seare-Roe.. . . 88% 86 80% 80% United Drug 82 % 82 82 82 % TT. s. R. St.. 71 70% 70% 71 U 8 Ind Al 68 65% Worth Pump .. ... 83 % 33 Itilltle— Am T and T. 125% 124% 126 125% Consol Gas .122 12A 121 121% Col Gas... .100% 104% 100% 103% ! People’e Gaa... ... 93 % 93 % W Union ...113 112% 113 113 Shipping— Ara Int Corp 20*4 20 29 28% All Gulf ... 23 Vi 23% 23% 23% Int M M pfd 51 Vi 60 % 61 50% Foods— Am 9ugar. . .. ... 76% 75% Austin . .ieh .. ... 31 31 Com Prod ..131% 130% 181 130% Cu Cn Sug pf . . ... 14 Vi 39% ; Cu-Am Sug.. 20% 25% 20% 25% Wilson-. & Co .. ... 37 37 % Tobacco— Am-Svunatra. 29% 28% 29 % *,9 Am Tob Co .155 Va 154% 155% 165% Tob Prod... 84 83 83% 83% 15,800 sharee.

BOND TRADING IS SLOW AFTER WEEK’S ACTIVITY Equalization Process Brings Drop in Severa! Issues. Bv United Financial NEW YORK, Dee. 18.—Trading in bonds subsided today followlng thè heavy business (lone on Thuraday and thè good sales put through Frlday. There was thè usuai evening up for over thè week end, but thè slovene* with which thè called Victory 4\s have been turned In has precluded thè seasonal relnvestments followlng Government bond redemption. Llbertles were steady. The sharp improvement In frano induced considerable business In Prendi got’ernnient and munlcipal bonds with prioes generally improved. The fallure of thè rati stocks to make much progress stlfled trading in thè bonds. The clip of Chicago and Northwestern stock to a new low for thè move dld not materlally unsettle thè road's bonds. Opemtlons in industria) bond smncked of cautiousness. The copper issues have not contlnued to advance since thè announoement of thè new high price for copper for thè year. The tire issues were in batter cali, and sugar bonds reflected thè statement that thè Cuban loan may come in January. The heavler ofTerlngs of new bonds and stocks this week to thè amount of $56,000,000 has not baen a drag on thè listed bond market. NEW YORK LIBERTY BONDS —Dee. 10— Prev. High Low, Close. eluse. L B 3% ...100 56 100 40 100.60 100 48 L B lst 4 Vi. 98.88 98.72 98 86 98.78 L B 2d 4Vi 98.20 98.10 98.20 98.14 L B 3d 4% a. 98.70 98 70 98.72 98.72 L B ith 4%5. 98 54 98.42 08 54 98.72 Victory 4% .lOO 34 100.30 100.34 98 60 New Gov Btl. 99 78 99.78 99.79 99 74 FREEZING AND THAWING CAUSE DAMAGE T 0 WHEAT Condiiions Are Generally Good, Fami Statistirian Kt>orta. Temperatures for thè first half of thè last flfteen days averaged considerahly above normal, and about norma! for thè second half, according to George C. Bryant, agrlcultural statistlclan, was generai over thè State and was about normal. Severe cold retarded outdoor work neax thè end of thè perlod. Some butehering hss been dono. Corn husklng from thè stalk is about completed. but quite a bit is yet to he husked from thè shock. Wheat and rye continue to look good, although fjeezing and thawlng, with no snow coverlng. has caused some damago. Chinch bug and Hessian fiy were reported in a few scattered localities. Young clover has been slightly,damaged in some localities by thè cold weather. All live stock ls in good condltlon, except a few scattered cases of hog cholera. Fann labor is not plentiful at this time at wages farmers are wllllng to pay.

INDIANAPOLIS PRODUCE Eggs—Fresh candled, 48e. Butter—Packing stock, 27e. Fowls, 4H lbs. up. 21o: fowls under 4H lbs., 16c: leghorn poultry, 25 per cent discount; sprlngg. 18c: oock and siags. Ile: young tom turkeya. 12 lbs. Up. 40e: young ben turkeya. 8 lbs. up. 40c: old tom turkeys. 30c: culi thiu turkeys, not wanted: dueks. 4 lbs. up. 17c: gecae, 10 lbs. up. 16c; squabs, 11 lbs. to do*., 84.50; young gulneag, IH to 2-lb. alia, per do*., $7.50 Indianapolis ereamerlea are paylnr 67c • pound for butterfat. MORE COTTONSEED AT MILLS By United Financial WASHINGTON, Dee. 16.—Cottonsecd. excludlng reshipments, receiv?d t mills from Aug. 1 to Nov. 3Ó. totalled 2,427.860 tona, compared with 2.253,974 for thè suine piTtod laat year, tlie census bureau annouuced toduy. LINSEED OIL Bv United I'inanrinl NEW YORK. Dee. 16.—Ltnseed oli: Do mestio apot 95c: January-April, 87c; MayJuly. 80@ 83c; • foreign spot. 85c, nominai. Indianapolis dtaleia quotationa ou baiTel quantities: Raw. sl.Ol per gal.: boiled, 81.03 per gal. COTTONSEED OIL By United Financial NEW YORK, Dee. 16.—Closing cali: Doeember, [email protected]: January, [email protected].; Fcbruary. [email protected]: March, [email protected]; Aprii, 10.05® 10.1 Oc: May. [email protected]: June. 10.15@10 25c: July, 10.28 @ 10.30 c: spot, 9.60 c, bid. Market eteady. Salek 1,700. RAW SUGAR MARKET Bu United Financial NEW YORK, Dee. 16. —Raw sugar opened fimi : December, 3.85 @3.97: March, 3.39® 3.41 c; May, [email protected]: July, [email protected]: Soptember. [email protected]. The mrket cloaed steady: March, 3.40 c; May, 3.63 c: July. 3.64 c, and Septomber, 3.72. NAVAL STORES Indianapolis desierà' selline prlce oa turpentlne In barrei quantities, $1.54 par gaL

THE INDIANAPOLIS TIMES

HQGS RALLY WITH LIGHTBECEIPTS Locai Market Is Up 5 to 20 Cents—Cattle Nominai. Hog Prlce* Day by Dy 260-300 lb. 200-225 lb. 150-180 Iba. Deo. 9. 8.35 8.35 8.40® 8.45 11. 8.50 8.55® 8.60 8.60© 8.06 12. 8.35 8.35® 8.40 8.40© 8.45 13. 8.20® 8.25 8.20® 8.30 8.30® 836 14. 8.20® 8.25 8.20® 8.2 8.30© 8.35 16. 8.10 B.lo® 8.15 8.25© 8.35 10. 8.25® 8.30 8.25® 8.35 8.35® 8.40 Under thè impetua oC extraordir.arlly light receipts, 5,500, and a stale aupply of 700, high prices rallied 6@ 20c on thè locai llvestock exchange today. The market opened almost 20c hlgher, but owners soon sound that there was not sufficlent demand among thè buyers to warrant this advance and thè market cooled off slightly, loslng a nickel or more of the early advance and closed at these figures. Flgs went at thè prlce of thè load. Sows ruled steady at s7'g)7.2b. With only 300 In thè pena, cattle prices were only nomina!.. All divieie ns ruled about steady with Frlday. Fot thè woek, steers are 50®>75e lower, cannerà and cutters about a quarter lower, while beef cows and helfars have held steady. Calf prices ruled steady with Friday’s close, which was half a dollar off tha opening. The extreme top was $11.50 and thè bulk of choice tuli went at $10.50@11. Receipts, 200. gheep and lambs ruled steady, with lcss than 150 In thè market. Lambii brought sls down, and eews $5 down. —Hug—--150 to 200 lb* 8 5.35® 8.40 Medium SS'i Heavy 8.25© 8.30 Top 8-40 8.40 P&ckinff 7.00 (is 7.2> o-Bew choice steers $10.50® 11.50 Prime eorn-fed teer. 1,000 to 1,300 !b 8.76©10Ji0 Good to choice eteer, 1.000 to 1.300 lb 9.25® 9.75 Good to choica eteer, 1.000 to 1.200 lb 5.25® 9.25 Good to choice eteer, 1,000 to 1.100 lb 7.75® 8.25 Corruttori to modi uni t eer, 800 to 1,000 lb 5.75® 0.75 —t own nd fletter— Choice light helfer 9 9.00® 10.60 Good light heifer 7.60© 800 Medium hollors <1.50© 7.2. Comon heifer 5.00© 0.00 Good to choioe heavy cows. .. 5.50® 0.2:> Fair 4.00© cutter Cai in ur# c.ou —Balli— Fancy buteher bull . . .$ 5.00® Good to choleo buteher bull#.. 4.00® 4.75 Bologna btill 3.75© 4.J.5 Light bologna bull 3.00© 3.50 Choice rea!.. . Uood veal *9'Sii Medium veal.., 8 50® 9.50 Lightwelght veal S'SH Heavyvreight veal Common heaviea 5.50© 0.50 Top 11.00 —Hheep aod lami— Culla * 2 ? ™ Good to ehotoe 8.60© 0.00 Few choice lOtnb ,J'2S*inn Uood to choioe latnbe 14.0<) @15.00 Heavy Intuba JS.Otl© 14.00 Cult fO Jhl lJuek 3.00 OTH ER LIVE STOCK Bv United Financial _ . , CHICAGO. Dee. 10.—Hosr* —Receipt, 9.000; market. teady: top, *8 20, bulk Of sale. $7 85® 8.10: beavi- welght. s7l)o© 8.05: medium welght. S8©8.10: lightwelght, $8.05® 8.20: light Ughi*. $8.10®820; fw ~vy PC lux te we $7.40® 7.70: ptieùiug bovi, rough, $7.15®7.50; pig, sB©B o. Calile—Keecipt 1 ...IMI , market, eteady: choice and prime. $11.50® 13.25; medium and good, $7.50©11.50; common. so.7.<© T.ftO; ifood uid choice, I'^-^• > * conimon and medium. $5.50®9.40: buteher 'atti and helfer, $4.25® 10.50; cove. $3.50 ih 8 ; bui! $3 4o® 0 55; cnnnrrs. cutter*, covi and helfer*. $2.40®3.50: canner eteer. [email protected]: veal calve. [email protected]; tecdr eteer. [email protected]: ettteker eieer. $4.2© 7 75; tocker cow aJ)d hellere. s3©t>.oo. Bhep—Receipt, 1.000; market. eteady: lamb. sull and common, 39.25® 13: >'•'>'- line wether. $9.35© 13: ewe 4.75®7.75; culi to common ewes. $2.50@5. BABT lì UFF Al X) Dee. 16—Cattle—Reeeipt, 3.’6 market low. atead}’; hlpping eteer. $10010.28; buteher rrude $7.75© 9; cowa. s'••'© 6 50. Calve—Receipts, 230 market attive, eteady: cui! to choi<xs. 12.60. Sheep und ìambe—Heceipta. 4.400, market slot; choice lamb, sls® 15.75: culi to fair, sß© 14 60; yeiiriitigs. SBO 13.50: eheep. $3 ©9 Hoga— Receipt. 7.200: market adivo teady; Yorker. 98 05® 8.75: plg *8.75@9; PUxed. 98.50; h, vie. $8 60: rough. $7©7.25: stag. [email protected]. EAST BT. LOUIS. Dee. 10.—Calile—Reooipt. 1.0O0: market, uteady at Friday a average Hog—Heeotpt, 11.000; market. 15@20c lower; heavy, $7.750 8.05: medium. [email protected]; light. $7.95 08.10; light light 55©8.15: packln* owe, $0.75 <3 7.25; idee. $7.75 @8 15: bulk, $8®8.16. Sheep—Receipt. 300: market, steady; ewe* s4® 6.75: eatmer and cutter, sl©3; wool lambs. $13.25 @15,15. CLEVELAND, Dee. 16—Hogr—Receipt. 3,000: market, etrong; yorker, $8 50® 800 mixed. $8 50: medium. $8 40 pig. $8 0 rough, $7 atag, $4 50 Cattle—Uocelpta. 200: market, alow : good to choioe ■bulla, $5 @6 : good to choice ateera. s9® 11 ■ good to choice helfars, s7@B: good to choioe cows. $1 50@6 50: fair to good coiva s3©4; common cow. ?2@3; milker, S4O @75. Sheep and lamb —Receipt 1.000: market, steady: top. $15.50. Calvete—Roceipta 200: market, steady: top. $11.50. KANSAS CITY. Dee. 10—H Offa-Re-eeipia, 3.000: market, ateadj*: hv-lk. $7.75 8; heaviea. $7 [email protected]: Initchers. s7.Bu© 8i light*, $7.75®7.96: plga. [email protected]. Catt!e-JÌc<e!ptß 1 000: market. ady prime rea etera, $10.25 013.75; plaln to fair dreaaed beef a rs Sì.ùO cto 7 ern eteer. $5 [email protected]: southern uteer, $4.25® 8, cow. S2OO. h' r > . ~ .f>. hors and feeder. [email protected]; bull, [email protected]; calve, $4.5009. Sheep —K cripta 1.500: marliet, ateady: lamba. 814© 15; yearllnga, $10.75® 12.05; wethora, $7.7. @8.50: eww, $0 25 07.50; Btocliera and feeder, $12.50013.75. ESTATE TAX $1,593.77 Taxes assessed on thè estate of thè late Qulncy A. Meyers by W. E. Rns tnussen, inherltunce tax appraiser for Marion County, and approved by .ludge Mahlon E. Basii, of thè Probate Court, today, amounted to $1,503.77. Tho estate was valued at $92,463.73. Meyers fonnerly was Judge of thè Indiana Supreme Court. He died Dee. 29. 1921.

FAVOR RULE CHANGE Lowering of residence requlrement for holding a certlfled publlc accountant certificate in Indiana from three to two years was farored by thè Indiana Assoclatlon of Certifled Publlc Accountants In meeting at thè Hotel Lincoln today. The accountants proposed leglslatlon provldlng this and requirement of a high school educatlon or its equivalente AUTO CONTRACT LET A contract for furnishing three Ford* and one Fronty-Ford to thè county for use by thè sheriff’s office was let today by thè board of county commissionerà to Wangelln & Sharp. The contract prioe was flxed at $1,947.72. TEACHERS FRAME BILLS The legislative committee of thè State Teachers' Associatlon met at thè Statehouse this afternoon to predare thè program to be during thè comlng session of thè legislature. Among thè things taken up was an increase in salaxies, teachers’ llcenses and proposed new studi' courses.

Death Puzzle

"V %

Chicago police are puzzled over thè disappearance of Mrs. Kate Mitcheli Trostell, widow, ehov/n above, for whose body they have been dragglng a drainage canal. Arthur Foster, a former sultor, ia being held. He told officiala Mrs. Trostell committed suicide by drowning. MUNCIE WHITE SLAVE CLEWS UNCOVERED Bv Timo Spedai Anderson. Ind.. Dee. 16. —Officiala here belleve they have started thè un* coverlng of a conspiracy for Wholesale trafflcklng In young girl* from thè mountalns of Virginia and Kentucky, with ita headquarter* located in Muntile and Elwood. White slavery in ita worst form ia said to have been exposed by storie* told Mrs. Jesse H. McCreary. probation officer, who recently arrested a 16 year-old girl of Covington, Ky., and a Terre Haute girl who Baid they escaped from a house in Muncie. The girl* were arrested here. The Covington girl told of having been offered high wages to go to Muncio. and aster arriving there, of having been locked in a room with a Chinaman. She lias been returned to Covington. Police of Muncie and Elwood are expected to make a number of arresta followlng thè Information furnished them by Mrs. McCreary. CLUB DISCUSSES CHANGE A business meeting at which amend* menta to thè ©onstitution will he discussed. will be held by thè Exchange Club next Frlday at thè Lincoln Hotel. Montgomery S. Lewis, seoretary. arinounced today. The amendmeitts will cover changes in thè duo* and thè lnitiatlon fee. MARRIAGE LICENSES A L Taylor, 345 Congrc* Av.: Reol Putton. R R. M. i,ut Lidio. 32% N, Sanate Av*.; Liala Jurru-r, 330 N. lUtnol St. 8. C Eversole. Akroti, Ohio; Rose Wcaver, 4448 Wlnthrop avo. C. W. Gibson. 1918 V.'llcox St.: Loretta P. Rrown, 2042 Suxnr Grove Avo. O. L Cook. Jr.. Court St, and Arltneton Ave.; Dorolliy Goeppcr. 3055 N. Mwullaii st. BIRTHS Bo}Myron and Laura Mann. 320 N. Eaat. James and Mary Woodaon. 1228 f uvette. Mitcheli and Velma TlUotson, Methodlat Hospital. „ Citarle and Sophia Hlttl. 1320 N. Trc--111 *<Uiàrie and Aima Kenay, 1122 9. Rantolarle* anu Ethel Robb, 1620 Garfleld. twin. _ _ Evorett and Lucie! Wk kllff, 2838 Burton. Girla Bari and Dot Conard. 1732 Madison. Menno and Loulao Arinstutx. 2828 MePherson. Ora and loia Hearcy, 2120 Madison. Cari ami Cla r a Knuth. 2548 E. Bevontrenth. . Robrrt and Bmilah B!nr*r, 3437 W. North Pii aro ami Marsaret Overman, 843 N. La Sali*.

DEATHS Mlldred Burkett. 9. Long Hospital, asphyxlation. _ , . Anna C. Wagner, 71. 1353 Ewing, cerebral hemorrhnge. Nathan Hutson. 61, St. Vlncents Hospital, carcinoma. Moses O Film, 42. 1217 Le Loss, pulmonary tub* reutosis. Samuel Wert. 73. 402 N. Haugh. aortlc stenosis. , ... _ Susanna M Ogtesby. 4. 125 W. TwentyEishlh, eirrhosis of iiver. Thomas E Andrews, 26. City hospital, acute nephrlti. Thomas A Utce. 11 days, 1815 W. Michigan mitrai tnaufflctency. Aldino Blmms. 3 days. 481 N. Haugh. bronchi) pneumonla John Lewis Smith. 32, 3351 W. Tcnth, pulmonary tubercolosi*. Intani Emile IVbite, 10 raonth, 1812 MiU, bronebo pneumonla. Elmer Ben Fioyd. 4 month. 828 8. Trcmout. lobar pneumonla. He'en Caesrriy. 1. 810 N. Keystone, timple meningiti. Anna L. Mounts, 62, 1126 W. TwentyNlnth, carcinoma. Sophla Ssohortcnicler 77, 016 9. New Jersey, chronic bronchltis. BUILDING PERMITS Minde M. Swlndler, doublé. 4407 Central, $7.000. Minine M. Swlndler, doublé, 5043 E. For-ty-Fourth. $8.500. E. E. Barb, building. 4305 E. Michigan. SB.OOO. James L. Fesso, reroof, 3902 Graceland. S2OO. David Krleger, doublé. 1202 W. ThlrtyFirsl, $5,300. Supreme Oli and Reflnins Company, gss tank, 348 W. Sixteerith, $450. Fred 0. Paul, stable. 1012 9. Gale, S3OO Donald Chriatio. dwelllng, 803 N. Shermim. $3,500. Fmd Backer. dwelling, 807 N. Sherman. $3,500, IT. L. Bomman. repalrs. 2533 Boulevard PI.. $237. Mar an Richard*, garage, 1823 Brookslde, $350. C. E. MoKenrle, repalrs, 1601 Mnrttndale. $350. R. H. Breeount, repalrs. 1657 N. Talbott. $1,500. R, W. Parker, dwelling, 2690 Boyd, $2.000. R. W. Parker, dwelling, 1503 Holliday. $2.000. R W. Parker, dwelllng. 1502 Holliday. $2,000. E. A. Byrket, dwelling. 2019 W. Ohio. $3.000. F A. Byrket, dwelling, 127 N. Belmont. $3.000. E. A. Byrket. dwelling, 181 N. Belmont, $3,000. F. M. Knlght, dwelllng. 2182 Dexter, $2,500. F. M. Knlght, dwelllng, 2518 Hlghland, $2,400. F. M. Knlght. dwelling. 2517 Hlghland. $2.400. F. M. Knlght, dwelllng, 2514 Hlghland, $2.400. F M. Knight, dwelling, 2518 Hlghland. $2.400. F. W. Craig, dwelllng, 4551 Carrollton, $6,175. C R. Rhodes, garage. 533 W. Pearl, sl2 000. Realty Finance Building Company, doublé, 722 N. Df Quincy. $5.000. Barnet-Fiufoni Company, garage, 1401 W. Tliirti'Mh. $2,000. L. Widley, addition. 1248 Haugh. SSOO. J. O. Hoffman. addition, 2017 N. Pennsylvania. $250. William Swain, repairs. 831-33 W. Twen-ay-Seventh, $1.040. Alien & Thomas, sign, 1122 W. Thlrtith, SSOO. J. Frledman, sign. 9119 Prospect. $326. J. Friedman, sign. 1124 S. West. $225. Meridian Servlc# Company, alga. 111 W. Michigan. $450-

HAICHEIMURDER Oli MYSTERY LISI Authorities Lack Sufficient Evidence to Make Charge. Bv FKLTX BRUNER. Times Staff Correspondent NEWCASTLE, Ind., Dee. 16.—The hatchet murder in which William G. Shaeffer and his wlfe, Susan, were killed at their farmi home near here, presumably on Dee. 6, ls taking ite place in thè list of unsolved mysterlea. Offlcials of Henry and Delaware and Delaware Counties admit they have run into a blauk Wall at every tura. That susplcion resta against certaln persone is admltted, but there is not sufficient evidence to Justlfy a charge of murder. Corner Drake, in continulng his !n----quest, said today that unless more decisive evidence is produced his verdict will be "homicide committed by person or persona unknown.” Search Reveals Whisky Another thorough search of thè Shaeffer house uncovered three quarta of whisky in a clothes closet. Prosecutor George R. Jeffrey planned to open thè Shaeffer safe deposlt box at Muncie today. It was thought some of thè diamonds sup. I posed to be mlssing would be sound i In thè box. Ben Brookshire, former employe of thè Schaeffers, stili ls in jail. Habeas i corpus proceedings are in prospect. j Independent observers who have i questloned him are convinced he knows nothing about thè crime. James W. Davidson, farmer, who lives a short dlstance from thè Shaeffer home, was consideri one of thè most important witneases heard by thè coroner. He testlfled he went to Indianapolis Dee. 6 and returned thè followlng day. Ho said Shaeffer was to have met him at thè train at Mlddletown, but falled to do so. David- | son said Shaeffer had worked for him | every day. Tells of S7OO Loan Daxddson te*tifled he had flntshed ! payments on an automobile bought | by Mrs. Shaeffer and that altogether | he had loaned her S7OO. Further investlgation by thè police : et Muncie has revealcd, they aay, a ; few possibilities but nothing tangible. | They have been working on tho the- ! ory that a booze ring at Muncie had something to do with thè crime. PENNIES AND PLIERS CAUSE ARREST 0F TWO Polite Investigate Robbery of Chewing Gum Machines. Possession of 197 pennles, a couple of screwdriveiyi and a palr of pllera caused arrest of Murrell Lisby, 607 !E. Thirty-Fourth St., and Edward ; Bussell, 1604 E. Tonth by Patrolmen Chltwood and Bedford at Illinois j and Twenty-Fourth Sta. at 2 a. m. today on vagrancy chnrges. Police were working on a report a ebewing gum machine near Illinois and Twenty-Second Bts. was broken open and robbod, and they held tha young men under lilgh bonds for ìnvestlgatlon. Lif-by said he won thè money in a periny-ante game at 4305 E. Slxteenth St., which police said. ls a vacant lot. Bussell said he used thè pllera and a screwdrtver to flx roller sica tea.

POLICE FOLLOW NEW CLEW IN RIVER DEATH Bu United Press CHICAGO, Dee. 16.—Two shrieks from thè hanks of thè Chicago River at mldnlght on Dee. 2 were thè latest clews today which police hoped would lead to a solution of thè mysterious disappearance of Mrs. Kate Mitcheli Trostell. Arthur Foster. held in connection, was removed from detective headquarters to thè custody of thè sherlff. Two watchmen told police today they heard two shrieks of a woman two miles from thè place Foster said Mrs. Trostell Jumped lnto thè river. ARREST PEDDLER Jacob Leffler, 305 N. Pine St., vegetnble broker, sent Charles Justlce, 33, Peddler, 220 N. Noble St., to sell a load of potatoes. He brought back tbe empty wagon but not thè S3B Leff ler said they were worth, according to Detectlves Brickley and Flnneran, who arrested him on a charge of embezzlement. Ilobbs Ileads Frait Growers Bv Times Special LAFAYETTE. Ind., Dee. 16.—C. M Hnbbs of Bridgeport was re-elected president of thè Indiana Horticultural Society at Its closing session here yee terday. Mr. Hobbs is a trustee of f'urdue University. Other offlcers elected are F. I. O’Dell, Canneiton, vice presidenti H. H. Swaln, West Lafayette. secretary-treasurer; W. M. Walton, La Porte, meinber of executive board, and D. B. Johnson. Mooresville, member of legislative committee

//GOO^xX Indiana Municipal and Road Tax Exempt Bonds Yleld'fifl 4.40% to 4.60% Circulara Promptly on Request Fletcher American Company 2nd Floor Fletchtr Amtrican Bank Bldg. INDIANAPOLIS Ciueagc Ostia it ioutF Bnc Pittai* Wlt* m pTVvtps. MnZttt

MAN MUST PAY $5 EVERY TIME HE VISITS SONS Brano Schelske Allowed to See Children Once a Week. Bruno L. Schelske, 1710 Olive St., truck driver whose wife ls suing him for divoro In Buperior Court, appeared today before Judge T. J. Moli and complained about a restraining order forbldding him to see his sons, aged 4 and 6 years, in custody of thè mother. “It will cost you $5 a vi hit, and you will have to pay your wlfe cash,” thè Judge said. “You can go out each Sunday afternoon, provided you do not take them out of town." The wife testlfled that Mr. Schelske had not contributed a cent to thè children’s support since she and her husband separated. She ls working ten hours a day in a grocery store to maintain them, evidence showed. THIEF GETS TIRE Ray M. Dille, 3039 'Northwestern Ave., parked his automobile In front of his home, A thief stole a tire valued at S2O from it.

Are Fllled Upsid© The curious method offìllmg portland cement sacks—fiiling them upside down alter they have been tied—is astrikingexampleof progress made ir. industriai processes. Until twenty years ago, cement sacks were fìlled practicaliy as all other sacks always had been. You had a huge bin of this finer-than* flour material. A workman at thè door ol thè bin hung a sack up, with its mouth open, on a wooden frame and filled it with an ordinary shoveL Then he set it on a 6cale, and with a hand scoop adjusted thè weight of die contenta to thè exact 94 pounds required, aster which he ried thè sack by hand and tossed it on a truck to be hauled int® a freight car. That was thè way as lii de as twenty years ago, and no one had thought much of doing it dinerently. But now what happens? The cement is taken from thè bin by an automatic conveycr— a moving V>elt or bucket chain —and elevated anddumped into thè hopper of a fiiling machine. This is a anali bin with an elaborate mechanism including a fan inside; and at thè bottoni of it is a 1 -inch spout through which thè cement fìows like water. The filler sits at thè 6pout. Sacks have been brought to him already tied at thè top but with an opening guarded by a valve at thè bottom.The fiiler slips thè opening over thè spout and tums on thè cement. When thè sack is filled to exacdy 94 pounds it tjps a scale, automatically tums off thè cement, and with a little push from thè filler fails on another moving beh that carries it out and drops it at thè freight car door. By thè old method, a team of four men couid fili and load I,6oosacks a day By thè new method, a similar team can fili and load 8,000. The fiiling machine is costly, and royahies must be paid on thè valve sack process, but thè new arrangement has meant a considerable labor saving. It has meant especially that thè manufacturers have been alle to get their product out more promptly to users during thè rush period of summer and fall For in that period labor of thè kind required for sacking and ìoading is generally hard to get Even with thè improvements, a medium sized plant—one producing a million barrels of cement a year and employing not more than - 300 people altogether—must normally em ploy 60 people in its sacking and Ìoading departmenL PORTLAND CEMENT ASSOCIATION cA National Organizatìon to Improve and Extend thè Uses of Concrete A ciani* De Moine Parlceriburg San Francisco Boton Detroit Lo Angeles Phìladelphia Seattle Chicago Heieaa Milwaukee Pittsburgh St. Lotti Dalla InditutapoUi Mtnnettpoli Portl.imi, Oreg. Vancouver,B.C. Dcitm In Qy Nw York SabLokeCity Washington. D.C.

HOUSEfIPPROVES ■ihujmfu Favors Harding Calling Second Disarmament Conference. By United Press WASHINGTON, Dee. 16. The House today expressed preliminary approvai of a suggestion that Preslùent Harding be asked to cali another world disarmament conference with a view to llmiting thè constructlon of aircraft, submarines and small alrcraft. • By thè overwhelmlng vote of 251 to 9, thè House adopted a rule prohibitlng amendment of thè section in thè naval appropriatlon bill which calla upon thè President to negotlate with thè nations that participated in thè arme conference here last winter for a stallar conference to extend further naval armament Itaitatlon.

11