Indianapolis Times, Volume 35, Number 193, Indianapolis, Marion County, 22 December 1922 — Page 16

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BULLISH MARKET HDLDSIN STOCKS Buyers’ Interest Is Stimulated by Reports of Setter Business Conditions. * RAILS SHOW ACTIVITY Speculative Leaders Show Extraordinary Strength Under O Lead of Studebaker. Hu thè Wall Street Journal NEW YORK. Dee. 22.—N0 interruption oceurred at thè opening of thè stock market to bullish demonstrations in progress at thè previous dose in Baldwin. manv of thè oils and several high-grade rails like Reading and Union Pacific. Knthusiasm oa thè buying side was stimulated by thè statement of Administration offlcials that prospeets were never brighter for steady improvement in business conditions. Bullish enthusiasm was rampant in thè generai list in thè first hour. Extraordinary strength in speculative leaders like Baldwin, Studebaker, American Locomotive and California Petrolepm stimulated actlvity in thè whole market. Rails joined in thè forward move, New York CentVal. Northerm Pacific. < Irtat Northern preferred and Chesapeake & Ohio gìving indications of important buying. Corn Products gained about a point. Persistent reports regarding consolidation fumished thè impulse for Pond Creek's rise to a new 192 high at 33 *4. Accumulation of good oil stoc-ks has been in evidence for thè past several weeks. Aster Jan. 1 it is belleved advances in prices of crude oil wtll begin. Sales of automobiles next year are expected to reach new highs and consumption of gasoline will also reach a record level. Stocks continue,l strong throughout thè morning. Whenever thè generai rati list hesjtated new favorite were taken up end advanctd to new hitrh-- on thè move. Pronouneed strength was sliown by specialiies, with a thin market such as Fisher Body, WtK>lwortli, Otis Elevator and K.clsey Whec 1. Twenty active industriai stocks Thursday averaged 57.85. up .36 per cent; twenty active rails averaged 55.24, up .93 pò - cent. LOCAL BANKC LE A RINGS Indianapolis bank delirine Friday vere $2.924,0 ' bant, debit were st;.-’;M>,OO. NEW YORK MONEY MARKET i:a t rìti'! l'inauriti SF.W YORK. Dee. 22.—Time money and • •ommereial Paper .re unchaiized al per cent. FOREICN EXCHANGE /si/ l'nitrii Financial NKW YORK. Dee 22 —Foreipn exchancc opened firm Ster'in? —Domami. 54 'il 1 *: cable*. 54. ut I*. 1 *. Freni-h—Demani!. T.43tic: cable. ?.44c. T.ire—Domami. 5.1 le; <-a- - '•,• ia -i : I.* marni. 6.81 k.-; cables. f1.82c. Mark*—Demani! .015"-. dr.ck—l mani! I 2“-: cab:**. 129 c. Swi.-s —Demand. 18.93 e; cable*. 15.95 c Gì ìidcrs — lB-ni un-, fiii.sl. cables. fissi,. Peseta —Demand, 15.“fi0: cable. 15.7.**. Swoden —Demand. 2H :•■- cable*--. 2 9 le. Norway —Demand. li* .t -4* - : -ables 19.08 c. Denraark—Demand. 20.“ le: cable. 20.7ÓC. BOND MARKET TRADERS LEAVE FOR HOLIDAYS Trading Is l'nusaally Dui! in Wall Street. Ry Vnitcd Financial NEW YORK, Dee. 22.—Half a dozen enteipriaing bond tradings could ha ve earrieri through all thè deal ings that appeared in thè earlv hours on thè New York bond market today. It was evident that many had loft for thè Christmas hoplidays and that those that were present were thinking about thè holidays. Under these conditions t’nere was naturally little change or fluctuation in prices and many of thè favorite issues. including some of thè Libertios. carne out very slowly.

OILS AND INDUSTRIALS ACTIVE IN CURB TRADE General Market Uri ce Make Turn Ijmaril. By I nitrii Financial NEW YORK, Dee. 22.—Prices on thè New Y’ork curb market took a distinct upwarß turn with thè opening today. and both oils and industrial3 pathered strength as thè trading proceeded. The oils particularly were in evidence because of thelr recent quietness. Durant .Motors of Indiana was thè feature of thè industrials. Ground li o'clock thè market was less aetive bui thè strength in prices in both oil and industriai groups continued. Goinr iato th.- aftemnon. prices were at their best level of thè week. with Standard ot Kentucky at 123. Youngstown Sheet ar.d Tube carne into thè tradine duriti* thè monna; and advanced 1 % to 78. IN THE COTTON MARKET Py Uniteti Financial NEW YORK. Dei.'. 22—Cotton opened tirm Januarv, "ri.B2e. up 11 points: March. 26 Ine, up 12 puint" May, 26 28c. up 18 points. Si/ Uniteli Financial NEW ORLEANS, Dee 22.—Coltoci open od ip 10 to 17 pouit January. 2è Ohe, up 10: March. 25.82 e. up 16; May. 25.85 e. up 17: Juiy, 26.62 c. up 12. Ily Uniteti Financial i-IVHRPOOL, Dee. 22 —Cottoti spota quiet; prices easier. Futures opened quiet. Open. Hi* h. Low. Cinse. December 14.46 11.34 14 43 14 54 January .... 14.37 14.44 14.35 14.44 March 14 22 14.20 14.10 14.29 May 14 06 11 14 14 04 14 14 July 13.85 13.1)4 13.83 13.04 NEW YORK PRODUCE li il United Financial NEW YORK. Dee. 22.— Ficai, daii ni • haugt-d: porli, dilli: nie.-g, 27.30 5 t 28. Mie; Lard, steady: middle west spot. 11.luto 11.2ÒC; sugar. raw, quiet: centrifuga!. i 6 test. 6.53 c; refined. quiet: granulateli. 7.1 i 7.25 c: coffee, Rio. No. 7 ou spot. 11‘c: Santos. No. 4, 15 015 c: tallow, dall; special. 7V4 ’tì Se : city, 7c: drtssed poultry, weak; turkeye, 30@5Cc; chi.-kens. 18(g50c; fowls. 15@Mie: ducks. 244(35c; live poultry, weak; pcese. 20@23e ducks. 20 A 34c; fowls. 164?.26c; turkeys. 40@45c: roosters, ’3c: chicken. 21023 c; broilers. 30®35c: iloeeo. steady: state whale milk, eommon to speciale. 212SV£c: state skir.is, cornale.ì to epecials. 20® 21 He: butter. steady: receipts. 4.063: creamery extra. 55e: special inarkte. 55 1 Éì. 56c: state dairy tub<=. Hit - • "i4c: egp*. irrcgular: receipts. 8.389; ih ir b.v white fancy. 7174 e; nearby state vhites. 62@70e: fresh tirsi to extras. 5:1 <a 620: Pacific coate. 58tri 68<-: (-.sterri whit- *. 48 @ 70c : nearby browus. 62 4i 67c. NAVAL STORES dealer ellin* price on turio barrel quantitics. $1.64 per gal.

New York Stocks (By Thomson & McKiunon) —Dee. 21—

12:45 Prev. High. Dow. p. m. dose. Rai trami*— Atchison 101 Vi 10114 101 B. & 0 43 41 Vi 43 41% Can. Pacific. 143 % 143 V* 143% 143 C . & 0 71V* 71 C. & N.W.Ry. 79 79 7914 C., R. I. & P. 31 31 % 314* 31 Dei & Hud 115 Va 116 Del. & Laek 130 Vi Erte 10 4 10 Vi 10 V* Gt. N. pfd ... 78 4* 78% 78 4* 78 111. Central Ili Vi 113 Lehigh Val.. 68 Vi 67 Ti 68 V* 67% Ho. Pac. pfd. 43 Té 43 4* 43 vi 431* J*. Y. Cent.. 94 Vi 94 V 94% 94 N.Y.N.H.&H.. 2114 20Ti 21V* 21 North. Pac.. 76% 76 76% 75% Nor. & West.ll2 112 111% Penn 46 45% Reading; .... 80 % 80 80 % 79 % So. Pacific... 89 4* 88% 89% 88% So. Ry. pfd.; 65V St. Paul 22% 22 St. Paul pfd. 34 33% 33 4* 33% St. L & S.W 29% St.L.AS.W.pf 46% 56 Ti t’nion Pac... 137% 137% 137% 139 Wabash 8 % 23 Ti Wab. pfd 24 24 Rubber— Ajax Rubber 12 12 Fisk Rubber 12% .... 12 Vi 12% Goodrich R. 33% 33% 38% Kelly-Spg. . . 43 % 43 4i 43 % 43 Vi IL S. Rubber 52% 52% 52% 52 Kquipments— Am. C. & F. 183 180 183 181 Am L0c0... .127% 125% 127 125% Baldwin L... 135% 132% 135 131 Ts Gen. Electric 183 .... 183 181 % Lima Loco.. 60 59 4i 00 59 Pullman ...132 131 131% 130% Ry. S. Spsr. . 116 114 116 .... West. Airb. ..113 112 111 West. Elee... 60 4 .... 00 59-4* Steel— Beth. (B) .. 60% 59% 60% Cruclble .... 70 1 3 69 % Tu % .... Gulf States . 79 78% 79 78% Midvale .... 27 v* .... 27 27% Repiogte ... 24% . .. 24 24’ Rep. I. A S. 45% 45% 45% 45% U. S. Steel 107% 106% 107% 106% Vanadium .. 35 34% 34% 35 Mining*— Butte Sup.. . 31 % ... 31 % 32 Dome Mines .. ... ... 44 Tex G and S . . ... 60 Vi 0O % Motors— Air. Roseli M. 11', Il V, IH, p> % Chanùler M.. 62 , ... 62% 02% Geli. Motors 13% Ifi % Ifi % Hudson M.. . 25% 25* 25% 20 * Kclsey \V. 112% 112 112% 112 1 Max Mot B. .. ... 14 % 14% Martin Perry .. .... ... 28% Piers--Arrow... ... 13 % 13 % Studebaker .136% 134% 136% 154%

CHICANI BPENING HIGHEH Advance in Deferred Deliveries at Liverpool Causes Gain. Ru United Financial CHICAGO, Dee. 22.—Grain prices opened gene-rally highcr 011 thè Ohi cago Boar i of Trade today, due largely to thè advance in deferred deliveries in Liverpool. The buying power, which manifested itself late yesterday and was credited to a heavy export trade, continued at thè opening today. Some profit-taking was in evidence and was expected to continue through out thè day, with thè tone of thè market strong. Locai receipts were estimated as follows: Wheat, 70 cars; corn, 625 cars, and oats, 110 cars. Provisions opened irreguiar. CHICAGO GRAIN TABLE —Dee. 22 WHEAT— Prev open High. Low. 11 .45 clone. Dee. .1.28 1.28 1.27 1.27 1.27% May .1-26% 1.26% 124% 125% 1.26% 1 26 1 25% July .115 1.15 1.13% 1.14% 1.14% CORN— Dee. . .74 .74 .73 V* 73% 74 May . .73% .73% .72% .72% b. 73 4 73% Juiy . .72 V* .73% .72 V .72% b. 73 • 72 V OATS— Dee. . 44% .44% .44% 44% .44% May . .40% .46% 46 40% 40% 46% July . .43% .43% .42% .42% .43% LOCAL HAY MARKET T.ooe ha?. *l7® 18 Ttmothy. baie. SI OS 18 Mixed bay, Sls®lo 50. Corn —New. 7073 c: old. 75c. Oat—so®s3c. LOCAL WAGON WHEAT Locai mille are paymg $1.25 for Ho. 3 red wheat.

INDIANAPOLIS STOCKS —Dee. 22 Inrì Ry & Lt Co coni 60 ... Inti Ry & Lt Co pfd 104 ... Indpls tc N W pfd 40 ... Indpls & S E pfd 00 Indpls St Ry 6IV; 71 Terre Halite Tr A Lt Co pfd. .87 ... i T H 1 tc E oom 1 6 T H I & E pfd 8 18 U T of Ind oom 2 ■ T. T T of Ind lst pfd 10 ... U T of Ind 2d pfd 1 V* 4 Adv Rumely Co com 12 ... ; Amer Cent Lise 2PO ... I Amer Creosotinsr Co pfd fik \ , ... Bell R R com 60 Vi 64 ; Belt R R pfd 51 ... r entury Bldg Co pfd 05 ... I Cities Servire Co com 167 Vi ... Citirs Seriice Co pfd 65 6P Citizen Gas Co 22 24 Vi Home Brewing 23 35 Ind Hotel com 86 ... Ind Hotel pfd 00 ... : Ind Nati Lise Ins Co 2Vi . . Ind Titlo Guaranty 63 71 Ind Ripe Line Co 88 01 , Tndpls Abattoir pfd 60 ! Indpls Gas 47 V 4 60 1 Indpls Tel com 1 ... : Indpls Tel pfd 90 ... Mer Pub Utilities Co pfd ... 77 ! Nat Motor Car Co 1 3 • Pub Sav Ins Co 9 ... Rauh Fertilizer pfd 40 ... ; Standard Oil Co of Ind ....115 118 I Sterline: Fire Ina Co 7Vi BVi Van Camp Hdw pfd 00 ... Van Camp Prod lst pfd 07 100 Van Camp Prod 2d pfd 103 Vandali* Coal Co com I 5 Vandali Coal Co pfd 10 17 Wabash Ry Co pfd 23 23 Wabash Ry Co com 7Vi OVi Bonds Broad Ripple 6s 7 70 Citisene Street Roilroad 3 84 86 Indiana Coke and Gas 6 . . .. 80 04 Indiana Northern 5s ...... 24 % ... Il diana Union Traetlon 6b.. 29 Vi . Indianapolis. Col A So 5. .99 100 Indianapolis A Martinsvllle 5 60Vi 64 Indianapolis Northern 5s . . 40 53 Vi Indpolis A North western 5 48 53 Indpls A S. E. 5s 40 Indpls. Slielby A S E 5s . 53 58 Indpls St Ry 4 63’i 66 Vi Indpls Trae A Term ss. .. . 87 ,30 Kokomo. Mar A W ss. . . . 104 104 Vi T H. Indpls A E 5s 72 76 Union Trac of Ind 6 . 64 * 66 Citlzens Gas 3s 86 Va 89 Ind Hotel Co 2d 6s 00% ... Indpls Gas 5s 86 89 Indpls Light A II 5 06 95 41 Indpls Water 5# 90% 97 Vi Indpls Water 4 Vi 8 64 ... New Td lst 8s 98 ... Long Dist 5 . . 93 ... So Ind Power 6 87 92 CLEVELAND PRODUCE Pii United Financial CLEVELAND Dee 22.—Bntter—Extra in tub. 57 *i <ft 58e: prints. 58 Vi ®soe: firsts, 56Vi6 57e. Eggs—Fresh northern Ohio extra. 52e: extra firsts. 50c: fìrsts. 48c; western firsts. 47e: storace extras. 3le; extra flrsts. storace. 29e. Poultry—Live heavy fowls. 22®24c: roosters. 14@15e: dueks 25 4ì-26e: turkeys, 46@48e. Potatoes —Ohio, [email protected] per 100 pounds. METAL TRADE Pii United Financial CLEVELAND, Dee 22—Daily Metal Trade today quote: No. 2 foundry pig lron. Cleveland delivery $26.50® 26 75 basic niir iron. valley. $24 50 @25: sheet 1 - rs. Pittsburgh and Youngatown. $36.50 1ti 37 steri bar. Pittsburch. 1.95@2c: sheeis No. 2 black. Pittsburch. 3.35 c; plain viri*. Pittsburch. 245 (® 2.50 e. RAW SUGAR MARKET Pii United Financial NEW YORK, Dee. 22.—Raw surar opened stead March. 3.38 c bld; May. 3.50 c bidl Jul> “ R3o bid September. 3.71 c bld.

Prev. High. Low. dose. doso. Stromberg . 60% 05 60% 64% Stew-Warner. 67% 67% 67 Willys-Over . 6 % ... 64i 64* Popper— Am Smelt ... ... 55% Anaconda . . 50 49 % ’SO 49 4* Chile Cop... 28 ... 28 28 Vi Kennecott... 36 % ... 36 % 37 Utah Copper. 64 ... 04 63% Oils— Cai Tet 69 67 68 % 00 % losden 53 51 Té 52 51 % Houston Oil. . . ... 69 ■* 68 % Mex Petrol . 308 .. . 308 300 Mid St Oil.. 11% Il 11% 11% Pan-A Pet A 94% 93% 94 Va 93 ? Pan-A Pet B 87 % 87 87 % 87 % Pac Oil .... 46% ... 40 45% ITo and Rei 42 4i ... 42 % 42 4* Pura Oli. . . 27 % ... ... 27 % Royal Dutch .. ... 52 % 63 S Oil of Cai. 1174 i ... 117% 117’* S.O.N.J.new. . 39 38% 39 38 % Sinclair 32 % 32 % 32 % 32 % Texas C 0.... 47 4s 37% 47% Union 0U.... 18% 18% 18% 17% Industriai— Allied Chem.. 78% 78 78% 78Vi Ailis Chalm . 45 Am. Can 74% 73% 74 73% Ani. Ice 111% 108% 110% Am. Woolen.. 95 4 95 94 Coeo C 01 0... 76 % 70 70 % 76 Comp. & Tab 72 % Cont. Can....11i 110 ìli 109% Fani. Players 91 % 91 91% 90% Gen. Asphait 48% * 47% 48% Inter. Harv . . 88 % 87% 88% 90% Mont. Ward 22 % 23 V, Nat. Lead 125% Pitta. Coai... 60% . . 60% 59% Sears Roebk . 89 % 88 % 89% 88 % U. S. R. Stor 74% 72 % 74% 72 % U. S In. Ali o 07 06 % 67% lìti Worth. P... 32 Vii . 32 Va 32 V, Woolworth .220 212 230 210% Utilities— Am. T. Se T. 122% ... 122% 122% Consci. Gas 119% 110% 118% 110% Columbia G 105% .... 105% 104 People's Gas 93 Vi 93 % .... Western U.. 114% 114 114 114 V* Shipping— Am. Int. Corp 28% 28 28% 27% Atlantic Cult . . . . ... 22 In. M. M pfd 48% 46% 47 48 United Fruit 153 153 152 152 Umida Am. Sugar , . 75 % Ani. Bcet 8. . ... ... 37 Austin Xtch 53 % . . . 3” % ' Cini Pri d. . . J3l , 130 4 loti Colia C. Sg.. 14 14 1 "9 • Cuban-A. Sp. 26 ... 26 2. . Tolmcco— Am.-Sumatra 28% .... 28% Am. Toh. Co. 155 153 Vi 155 Colia Cigars. 39% 38% 39 38% Tob. Prod... 84 83% 83% 83%

LOCAL HOGSABE IO CENT3 HIGHER Light Receipts of 7.500 Start Active Buying. Kos Ti ire Dav bv Ufi* 2.50-300 llw 200-225 ih 150-180 fb 15. 8.10 h.IOm s] 5 8.2,v,, 535 110. 8 2.4 ‘il 830 8 25-i 835 835 i. 8 PI : IH. 8.35 8 040 8.45 ù 850 19. 8.35 835 :t lO H. 45% 850 I 20. 835 8.3,4 h 8.40 8 45.% 8.50 21. 8.40 'r* 850 8.45% 850 8.55% SOS 122. H 50' 8.55 B.6o'it 8.65 8.70 U 8.75 Hog prices advanced about 10 ! conta at thè locai livestock ex | change today. with receipts of only j 7,500. T.ights and pigs eommanded ! top prices at $8.75 down. Sows rule.l | unehanged. The caule market was active, with prices about steady. There were no ciiolce steer.s on thè market. Re ceipts, 500. l'alf prices resumed a more norma! basis. afte;- thè frenzied oharacter of Thursday'a market, and prices re- ; treated about a half rioliar, with thè tu st price for thè day at $13.50 Receipts. 500. Lambs were reduced 50 eents to a ">P of sl4 Hwes ruled unchinged. Receipts, 300. —Hog—--150 to 200 lbs $ 8 701® 875 Mixiium 8 oO4g 8 r,6 H*ry 8.50 8.55 Top 8.75 Plg 8.00 'iì 8.75 Packing co* 7.oo'<ì 7.50 —(atti— Few choi< Btci-r S 10.00& 10.50 Prime eom-fed eteer, 1.000 to 1,300 lisi 9.50 TÌ 10.00 Good to choi,-e stiv ia. 1.000 | to 1.300 Iba 9.00 950 Goml tu .-lioice ateers. 1.000 to 1.200 lbs 8.25% 9.00 Good to choli-e steers, 1 000 to 1.100 !ba 7Ji&<a, 7.50 Common to medium sterro, 800 to 1.000 lbs 5.75® 0.75 —Cowi und Hnlfera— Choice light heifers 9.00% 10.00 Good 1 ieri 11 heiter. .. 0.50® 050 Medium heifers 6 50% 7.25 Common heifers ... .5 00 ’J 000 Good to chnii-• 1 iciivy cowa. . .4 50% 0.25 Fair coivi 4.00® 500 ! Cutter 2 75® 3.25 Canuera 2.25® 2.60 —Rulla— Kancy buteher bulla... 5 5.00% r, 50 Good to chuicc buteher bulla 4.00® 4 7.4 Bologna bui! 375 it 4.25 Ligiit Ijoivigna bulls 3.00® 3.50 / —(alvei— Choi.-e vanis $1 2.50® ! 3.00 Good venia Il .50® 12.60 Medium veala 10 60® 11.60 I.iglitwc.igi t veala 0.40® 10 60 lleavyweight veala 8.50® 9.50 Coinp'dii heaview . . 7.50® 8 50 Top 13.60 —Slu-p unii l.uinb— Culle S 2.25®, 3 50 Good to chili,-e enea si .40® 500 Few choice lami 14.00 Good to choice lambs 13 00® 13 50 Heavy lambs 12.00® 13.00 Culi lambs 9 00 Bucka 3.00

OTHER LIVE STOCK Ih! Fnittil Financial CHICAGO. Dei*. 23. —Hogs—Re-eipt. 3-1.- ; 900; market, easier to ÌOc higlier; top. $8 40: bulk of salii -8 10h8.35 heavvivelghts. $8.20*1 8.35: medium weight. $8.75 ''<.B 16. lizhttweiaJit, '6.30 *4 8.40: light bvbts. $8.354,8.35; heavy parking pows. si.Ho'(t7oo' pai-kin; sows, rougli. $7.30'0; 1 7.60: i igs, sBto'B.2. Caule —Receipts -I.■ •<H*. market, steady lo strong: cimice .v.d ! SU 65 4, 13 15: mniinm and good. : $7.85 4} 11.60- common. $3.604f 7.00; giinii : and ehoice. $9.50 4112.75: common and meI dium, $5.75*1 0 50: buteher eattie ami beifere 44( 10.25: oous, $3.60 4(7.90: luills. $3.65 4(6 35: eanners. cutter, eows ami bifora, $2.60 4(3.60: eanner steer, $34(4; veal calvea. $8.75® 10: feeder sters, $5.5(1 4Ì7.50: stock,T steers. $4.254(7.50: stocker eows and liciterà. $3.25® 5 25. Sheep—Rereipte. 6.000: market. 15@25c higher; lambs, $13.154?i 15.40: lambs. etili to commons, $9 504(13 15. vearling weìliers, s9*i 12.7i>: dwi. $54(7.75: culi to. common ewes. $2.50®.>.25 CINCINNATI. Dee 22.—Cattle —Re reipts. 600: market, steady; skipper. $74? 9 Calv-eg—-Market, aetive, hlt'her: extra. sl3® 13.50 Hogs—Receipts- 4.000; market. aetive, 250 higher; good or i-hoice packerg. $8.75 Sheep—Receipts 100; market steady; extras. $506.50. Lambs—Market, steady; fair to good. $13.50® 14 . CLEVELAND, Dee. 22.—Hogs—Receipts, 6000; market, stoady. 5c lower: yorkers $8.90: mixed. $8.85 08.90; medium, $8 85-' pig, $9: roughs, $7.25: staff*. Cattle—Roneipt. 600: market, dull; good to choiee bulls. $4.76® 5.75; good to choiee steers $9 ® 10.76: good to elioiee heifers, $6.75® 776; good to choiee eows. $4.2505.23; fair to good eows, s3® 4.25: eonimon eows. s2®3: milkers, stO®7s. Sheep ami lami?—Receipts, 1.500; market, steadv; top $15.25. Calve—Receipts. 460: market] ■Ready; top. $13.50. EAST BUFFALO. Dee. 22.—Fatile—Ue- • eipt. 800: market, slow and steady: stiip- : King steers. #lo® 11.25: buti lici- grades. fß® 9 ; eows, $2.504? 2.75. Calve—Receipts. 1,200: market, aetive. steady. $1 higher: culi to choiee, s4® 13.25. Sheep and lambs—Receipts. 5.000: market, aetive, 25e higher on lambs: choiee lambs. sls® 15.50; culi to fair, $84(14.50; yearlings $8 4? 12: sheep. s3® 8.50 Hogs—Receipts. 6.400; market aetive, steady: yorkers. $9: pigs. $94(9.15; mixed. $8.904(9; heàvies $8.90; roughs. $7.25® 7.75: staps, $5455.50! EAST ST. LOUIS, Dee. 22.—Cattle—Rt;ceipts. 1.000; market norninally steady; native beef steers. $9.25; yearlings and heifers. $5.50 4( 7.50 ;eows. $44,5 25; eanners and cutter, $2.25® 3.25; calve. $9.50® 10.25: stpekers and feeder. $6.25. Hogs— Receipts, 15,000; market steady, 54,1 Oc liigher; heavy. $7.9008.25; medium, $8 10 @8.36: light, $8.25 @8.50: light lights. $8.258.50: packing sow. [email protected]; pigs $7.83 8.35; bulk, $8.30 @8.40. Sheep— Reoelst. 400: market norninally steady; ewes, $4.60 @7.25: eanners and cutters] iti Ai wooì Umìiti, sl3 @ls.

THE INDIANAPOLIS TIMES

BELL SYSTEM IH TOnEHKO Atwater Says Small Communities Overburdened. “The Indiana Bell Telephone System haf no place in thè srnaller cities and farming communities,” Munson D. Atwater, expert witness for and before thè public sei-vice commission in thè hearing on thè Consolidated rate cases of thè Bell Company testifled today. Atwater testifìcd that thè small communities should be set-veri by independent companies, which could operate at inatcrialjy lcss ovorhead expense, due to thè fact that they have no largo organizational obligations to bear. The larger exchanges, which carry thè burden of communication ard whose revenues are great enough to bear this expense; should not expect thè srnaller exchanges to produce revenue proportionately large, Atwater said. The hearing was adjoumed at noon, t■ > be reconvoneri \Vc-dnosday morning. Atwater will be recalled Wt-dnesday fc-r a short re-direct examination. aster which new witnesses for thè eommlssion to tdstifv regarcjlng thè 4.5 per cent contraet will be calieri. KOKOMO MAN APPOINTED TO TEXAS FLYING SCHOOL Lawrence ,f. Aretz of thè 13711 i Ob- : . t \ atiott snoadron of thè indiana Na-ti-ma! Guarii of Kiikfitim, ic eivod a|) pointincnt to entrane.' in th.- primary f'ying , hool at Brooks lielti. San Antonio, Texas, in an officiai message froin thè chief of thè militia bureau today. He will report for training Jan. 2. Aretz is thè third member of thè squadron to receive such an appointment, Capt. Benjamin R. Jacobl and First Lieutenant Rafel Dicd-n havmg been summoned in prevloius or ders. COLORED WOMAN FLEECED 0F $1,500 3Y ‘CON’ MAN Two ' olored men are rlch'-r today l.\ SISOO. afb-r fhev worked a coliti■a la '' aaitlc 0:1 Miss ITila. Hai ri', c-.i1i.2 i. 2 ; Botti.*var-l FI Miss Harris , t-w sl.soii fri un ’h, M-yer A- Kiser batik to mal'. • bangi for a $3,000 bill. The ronfiti- nc* ganb- was worked on East Ohio St thè wotiian told thè poliee. Sho was I*'ft wairing by thè two men. who said the> would go to a batik and ge; ih" other $1.500 necessarv to i-hangi th- bill. Aster two hours of waìtiug thè nidi had not re. t ttrni-d. EL.LIOTT RECOMMENDS FULL PAVING 0N TENTH t ity Engineer John L. Elliott recornrnended tculay to thè board of Works that E Tenth St.. frorn Sher man I>r to thè Bice road. two and a baif ini le s, be puved to ita full wiuth. The 1 otinty < otnmissloners had subr.uittrd plans 1 filli ng for two stripof pavement. leavlng a middle strip unpaved to prò vi de for car tracks. Elhott said that prhbably no car Ilnes would he bit Ut on thia section for ten or flfteen years.

ACED WOMAN APRESTED; POLICE DISCOVER WINE Threc pallori. of prnpe avi ne follivi in ilio ho me <>f Frieda Goldherg, 70, of 615 Russell Ave., rttuead her to oo arroste*! on a warrant charglng her : with operatine a bllml tlper. Mrs. Gohlherp was taken to polire headquartfrs last night liut was not ro I<l uit ed to pive homi for her appearj linee in city court. MASKED MAN GACS BOY AND PUTS HIM IN CELLAR Gerald Reese, 14, of 121 S Knglisi) ; ,\ ve., was follnwed homo i>y a masked ! colo re d man who rovereti him with a | revolver, s tuff ed his mouth full f i-ags and forecd lilm into a celiar while •he ransaeked thè house. This infoiination macheti thè pollce today, oigiit days aster thè attack occurred, according to thè boy CHICAGO HOGS SLUMP AFTER GOOD OPENING liìi United Financial CHICAGO. Dee. 22. —The hog market opened fiiiriy aetive and amimi 10 eents higher, hut eased off later as a holiday dullness lieeame appaicut. The re were 34,000 fresh liogs on thè market with 7,100 lioldovers. The cattle market was ftilly steady with beef steers very strong and 25 eents higher. Receipts were estimated at 4,500 head. Sheep were fully steady with an tu’tive demand from thè nponing on stilali receipts. Fat lambs were 15 to 25 eents higher. Receipts were 6,000. CHICAGO PRODUCE Ihi l hitcd Financial , CHICAGO, Dee 22.—Butter—Croamery extra, óIVVo: standard, 48 Vie; finn, 44 44 | 4Bc; seeonds. 42 H 43e. Eptrs—Ordlnary ! tirsi, 35 tei 38c; firsts, 43(®44e. CheMO — ITwins, 20Vi@27c: young American*, 27 ’-ic. ! Poultry—Fowls. 13 % 18e: ducks, lOe: cense, 16c; sprlngs, lOVie: turkeys, 35e: roosters, il Oc. Potatoes—Receipts, 30 cara; Wlsoon- ! sin. 85c tu $1 ; Minnesota, 75<!?85c: Mlnne- ! sota frozen and poorly graded, SO'ujtìòc; | Idalio Rurals. sacked, [email protected]. INDIANAPOLIS PRODUCE Egps—Fresh candled. 48c. Butter-—Paclt-ituf stock. 27c. Capons—Seven lbs up. 33c; fowls. 4V-j IO up. 20c: fowls.-under 4Vi lbs. ; lc; legliorn poultry, 25 per cent discount; Stirili gs, lHc, eocks and stags. Ile; young: toni turkeys. 12 lbs up, 34c: young ben i turkeys. 8 lbs up. 34c; old toni turkeys, 25e: ducks. -I lbs up. 15c: geose, 10 lbs up. 15e: squabs, 11 lbs to doz, $4.50; young guineas. 1 Vi to 2-lb sizo, per doz. $7.50. Indianapolis creatnc-nes are paying 57c a pound lor butterfat. COTTONSEED OIL Pii United Financial NEW YORK. Dee. 22.—N00n cali: December. lotti 10.35 e: January, 8.99(®9.99c: February. 104< lO.lSe; March, 10.191(8 10.2lc: Aprii, 10.274? 10.32 e: May, 10.3<S> 10.37 c; June, 10.41 4ì 10.49 c: July. 10.504}? 10.35 c. Market streng. Sales. 7,500. DRESSED BEEF PRICES Wholesale selling prices of dressed beef (Swilt A Co.): Ribs—No. 2,15 c; No. 3, 12c. Loins—No. 2,20 c; No. 3. irte. Roundst —No. 2, i,6c; No. 3,13 c. Chuck— No. 2, lOc; No. JS, 9c. Platea—No. 2. 7c; ho, 3. Oc, 4

Fate Approvai of thè adoption of Clyde Russell Gilmore, age 3 years and ten months, by Mrs. Jane \V. Fisher, Miami, Fla., was formally made in Phobate Court today. The child’s nume was ordered ehanged to Jack Welsh Fisher. Mrs. Fisher is thè wife of Cari Fisher, who developed thè Indianapolis Motor Speedway. Fisher is an Indianapolis man, but of recent years has spent most of his time in Miami.

CIMAR DEM; SHOT Dì ESTHER Quarrel in South Bend Home May Result Fatally. lìy United Prese SOUTH BEND. Ind., Dee. 22.—Ellen Wyman, 15, who liked to be a "fiapper,’’ fought for ber lise today as thè result of a bullet wound inflicted during a quarrel with John Wyman, her step-father. Wyman was held in jail pending thè outeome of thè girl's tight for ltfe. Donald Wyman. 12, brother of Ellen. told poliee that Wvman abused his sistcr aster he intereepted a letter she had writren tr- Irving Burdess, R. R. 1 Box 75. Poorin, 111. Ih- qtiarreled with her about gning , • utomobile ridlng with a neighlvwotnan," Donald said. ‘Sho didn't like it and both of them became angry. “Dad went to thè bureau and got his pistol and fired at Ellen. She staggered and fell.” Wyman declared thè gun w;ia discharged accldentally. He safil he only intended to frlghten thè girl, but that sne became hysterical and grabbed thè gun, and in thè struggle it was discharged. TELEGRAPH MESSENGERS AND NEWSIES ARE GUESTS More than 250 newsboys. Western Union and Post-tl Tolegraph messeti gora attended thè eighteeth annttal ’hiistinu.s dinner of thè Nt-wsboys' imi Messeng, i s Protective Associa loti in th* auditorium of thè Y. M. U. A. last night. .1 J. Appel was host. A. H. Godard, generai Y. M. secletary. to.-istmast*-r: I N. Lognn, di. reotor of thè boy’s department, as sistar.t, Spe;ikors were thè Rev. C. C. Gohn. First I'. B. ( hurch; S l'. Matthews and Mr. Godard. J. ,T. Appel was presente.l with a Shrine ejnbletn frorn thè lioys by Joe V. Piltz, a newslioy Special guests of Mr. Appel were C. B. .ìullnn of The Times; Nattier Snider of thè News, Charles A. Payne uf thè Star. H. T. P’ord of tho Postai Telegraiph, J. Jordan of thè Western l'nion, J. F. Wild, J. M. Ogden, J. C. lordati. F. <'. lluston and Mr and lrs. M. ,J. Hooper.

A TREAT—a HAT is what it means when traveling over thè lines of thè Union Traction Co. Clean, Comfortable fast trains to all points reached by Interurban in Indiana, Ohio, Michigan and Kentucky. Che ape r fares and better Service. Send your Holiday Gifts and all other freight via Traction for better Service. Ask any agent or write thè Traffic Department at Anderson.

HUHALSCHOOL CHANCEHD Superintendent Burris Approves County Unit. Making thè county a unit in schooi adrainistration would result in more efficiency and economy, according to Benjamin J. Burris, State superintendent of public instruction, who made public a statement today. The schooi survey commission has recommended that thè administration of schooi affairs be taken out of thè hands of thè trustees and piaceri under thè supervision of county boards of education. A bill to bring this about is being prepared for presentation to thè Legislatore. Burris' statement is in thè form of answers to questions frequently asked about thè proposed measure. It will be printed in pamphlet form for distribution. The proposal. according to thè statement. is to elec.t a board of Ave nonpartisan members in each county, one from each commlssioner’s district and two at large. Members would be elected for flve-year periods, one to take otTice each year. The board, according to thè pian, would administer thè schools generaily, much as thè city boards do now. According to thè statement, thè county superintendent would have

All Monon Route Trains Arrive at ari Depart From Oearborn Station, Chicago, as Usuai mmmm

supervisori' powers and thè power to recommend, but final authority would be invested in thè county board. Burris points out that thè proposed System would meati ninety-two agencies for thè purchase of supplles ! instead of 1,017, as at present. He | also declared it would mean thè locaI tion of schooi buildings so as to proI vide for maximum enrollment and ! for uniform systems. The county unit, Burris said. would I do away with marked inequallties in I roperty taxablo for schooi purposes and would tond to give all children in n county equal advantages. The System would not centralize powers in thè office of thè State superintendent, It was pointed out, and would not legislate trustees out of office. The suggestion has been made, however, from other sources, that under thè new System thè office of townßhip trustee and township assessor could be combined, thus doing away with more than 1.000 offlcials and about $1,000,000 in annua! expense. “With thè ever increasing cost of public education, it. is extremely important that thè best System of schooi organlzation and administration be adopted," Burris said. "Every dojlar invested should yield thè largest measure of return.” ROBBER PRESSES KNIFE Two colored men held up and robbed Charles Stevens, colored, 516 W. Twelfth St., of $4.50. The robbery occurred on Roanoke St.. he told thè poliee. Stevens said one man pressed a knlfe to his side while thè other took thè money.

DEC. 22, 1922

IMR FIRM IN DAN DN 'FATTÌ' Declares He Will Permit No Arbuckle Filrr.s Here. ( “Let Arbuckle go ahead making pictures if he wants to, he can work out there in Hollywood, but as long as I'm mayor of Indianapolis, thè shows won’t show any of his pictures in this town,” Mayor Shank said this morning, sticking to his stand on “Fatty.” “I don’t care what Will Hays or all thè women’s clubs in thè country have to say, it won't change my opinion.” When questioned regarding thè signing of a letter asking thè reinstatement of Arbuckle, Mayor Shank said he didn't know anything about such a letter or ever remembered seeing it. “As mayor of Indianapolis I think lt is my duty to prevent anything that may be bari for kids between, 14 and 18, and I know they would be thè ones attracted by Arbuckle pie tures,” said thè mayor. TAFT IS MUCH IMPROVED WASHINGTON. Dee. 22.—Chief Justlce Taft today continued to show improvement from thè effeets of his recent operation.