Indianapolis Times, Volume 35, Number 251, Indianapolis, Marion County, 28 February 1923 — Page 10

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IMPROVED NEWS FROM EUROPE IS AID EO STOCKS Internationa! Situation is Affected by Overnight Developments Reported, DOMESTIC NEWS GOOD Beriin Reports Overtures Have Been Made to Settle French invasion, THE WALL STREET JOURNAL NEW YORK. Feb. 28. —Several constructive developments affecting the International situation occurred overnight. President Harding signed the .British debt agreement, the Angora government was reported to have accepted the Lausanne treaty and Berlin said it had received overtures looking toward settlement of the BrancoGerman dilemma in the Ruhr. In addition, domestic news continued encouraging and more favorable annual reports made their appearance, furnishing the basis for a generally strong market at the opening. First Hour Rumors of important industrial developments fired speculative imagination in the first hour, and the general list displayed greater buoyancy than has been seen since the higher bank rate was established ia>; week. While there are plenty of reactionaries in the market, many bears have lost money. There is a good buying power under the market, a large part of which can be traced to the public. The best argument for a reaction was furnished by the advance in the rediscount rate, but this has been nullified by the easier tone in call money. Second Hour Operations for the rise went ahead uninterruptedly in individual stocks In the second hour, although the forward movement was r.ot so pronounced In the general market. Speculative estimates of American Woolen’s present earning running up to S3O a share formed the background for the stock's advance to anew 1023 high. The annual report of Corn Products for 1922 was the strongest ever issued, a feature being the company’s position as to cash assets. Twenty active industrial stocks Tuesday averaged 102.73. up .30 per cent. Twenty active rails averaged 59.53, off .23 per cent. Local Bank Clearings Indianapolis banU. clear.nr** Wednesday •wrrt* GOO: for tnemuntn. rTH.'Ui.oO'i Ban : debit*-. W - n-- ltv v. xc jr,ids,UOO. for the month, SL43.O.ML*Y)u. Foreign Exchange flv United f inaw'ial ' NEW YORK. Feb. CS. — Foreirn cxehnnre opr-nel esrier. Sv-r aw—lt nm l S-*.7o>,j: vibes. S4?o4i Fran-h —Demand. 8.09%c: cables. 6.10 c. Lire—Deni-no. •!- Me: r:,i -s. 4 81-.se. Belgian—Demand, 5.33 He: cables. 5 34c. Marks—Demand. 72.50!* !•■ the dollar Caech—Demand. 2.9tt%c: ■• i! -ies 2.9 7c. Swiss—Dem-nd. 15.76--. <•.' ... ) - 7.>.\ Guilders —Demand. 33.50 c: <-abe-s, 30.02 c. Pesetas—Demand. 15.60 c: 15.02 c. Swedish—Demon U 26.56 c: cables. 26.60 c. Norway—Demand. IS 17<*: cables. 15.51 c. Denmark —Demand, 10.47 c; cables. 10.51 c.

Produce Markets

TNDIAN APOLTS. s>b. 29.—Hgrs—Frsh candied. 32c. Butt*? —Pry .ins stock. 26<:. Capor.a—sv-n lb up. 25. 10-. Cs. .3% ibs up 22c fow.s. sirm.lit 22c: poultry, 25 ;.;r cent t!>? uu-.t. s; riass. 19c cocks, 12c; §' 16c: younx tom turkeys, 12 Ibs up 50c: yoan? hen turKeys. 8 Um up. 32c: old tom turl eys, 25c: ducks. 8 lbs up. 32c: old tom turkeys. 25c: ducks. 4 lbs up. 15c peesCj 10 lbs up, 13c: souubs. 11 ibs to dozen. So. Indianapolis creameries are paying 52c a lb for butter fat. CHICAGO, Feb. 08.—Butter—Receipt*. 8.98 U; creamery extra, 51 %c; standards, 52c. firsts. 47048 c: seconds. 45046 c. Eg?s—Receipts. 15.023: ordinary first.- 30 031 c: firsts. 32%c. Cho-se—Twins, 24-u Younir Americas. 26026‘ .c Poultry—Receipts. 7 cars: fowls. 22c; ducks. 23'-: geese, 16c: springs. 23-: turkeys, 20c: roosters. 18c. Potatoes—Receipts. 65 ears: Wlseon-dn round white sack*,! No. 1. mostly 90c© $1: few best, SI .10; bulk. $lO 1.15: Idaho ru;,! S s ckod No. 1, $l,lOO 1.26: russet-• b.and-d, *1 6501.75; , inbranded. 1.4001.65; Minnesota white sacked, poorly graded, 90c. CLEVELAND. Feb. 28—Butter—Extra in tubs. 58% 059 c: print.-'. 59%0‘J0c; firelh. 56% 0 57c. Errs—Fresh port turn Ohio extras. 38c: extra fi'.-ts. H7c Ohio firsts, 35c: western firsts. 34c. Poultrv—Live, heavy fowls. 27028 c: roosters. 17c; ducks. 2.' : geese. 20e; turks. 35c: Potatoes—Mlhclgau. $1.600 2.10 per ewt: New Y'ork. $2,100 2.20 per 150: Colorado browns. $1.75 per cwt; Idaho russtts. $1.4002.50 per ewt. NEW YORK, Feb. 28—Flour—Dull, unsettled. Pork—Finn; mess, $27 028. Lard —Firmer: Middle West spot $12012.10. Sugar—Raw weaker: <> utn/ugal, 96 test. 6.72 0 7.28 c: refined w-akar; granulated. 8 0 9c. Coffee—Rio No 7 on spot. 13 %c; Santos. 15% © 16c. Tallow—Quiet special to extra 8%08%c rity. S%\ Hay—Firm: No 1. $1.55: No. 3, $1.850 1.40. Ures-M-d poultry—Quiet; turkey-. 25'-/ 11c; chick ns, 18046 c; fowls. 26'.t420: ducks. 15031 c. Live poultry—Steady: geese. 17 0 22c: dtiek. 32038 c: fowls. 2.2 0 25c: turkeys, 25035 c: rooMr-s. 17-. chickens. 24 0 35c: brokers 30035 c. Cheese—S'eydy State whole milk, common to special*. 25029 c. State ebims. common to specials. 1422 c RutDr—Firm: i—ceipts. 8,986: creamery ,x:ra. 52%c; ?reen : mark-t 53*i53%c: State d.riry tubs, l.in a-v K- - —Unsettled: r>ceipts, 17,1.38 nearby whites fancy. 450 47c: nearbv State whites 10'5 44c: fresh fir-ts to extras 36011 c; Pa-mc •sia.-t, 36% 0 43c: western white, 37 0 44; nearby browns, 420 47c.

Dividends Today

XFI W YORK. Feb. 28.—Dividends nnnonnced today include: I “ure Oil—Beg-i.ar quarterly dividends of 1-a !>er cent on "> *i per cent preferred. I¥j per cent on the t> p. r <*nt preferred and 3 per cent on the 8 per cent preferred, ad payable April 1 to stcok of reconl March 15. Lackawanna Railroad of New Jersey— Reirular quarterly 1 per c’nt dividend, payable April 2 to stock of too.rl M arch 8 Chl'ds Company—Retrular quarterly dividend of $3 on common and 81.75 on preferred, payable March 10 to stock of record Feb 28. Vulcan Detinnlng—Regular quarterly dividend of 1 h per cent on preferred and preferred “A." payable April 20 to slock of record April 12. Montana Power—Regular quarterly dividend of 75 cents on common and 1 \ on preferred payable April 2 to stock of record March 12. Dressed Beef Prices Wholesale eel’ing prices of dressed beef Swift A Cos.: Ribs —Mo. 2,18 c: Mo. 3. 14* Louis—Mo. :2, 23c: Mo. 3, )Pe. Rounds— Mo. 2. 10c: Mo. 3.13 c. Chucks—Mo. 2 11c No. 3, 9 c. Plates—Mo. 2. 7c: No. 3

New York Stocks (By Thomsen £ McKinnon)

Prev. Railroads—High. Low. 12:45. close. Atchison ...103% 102% 103% 107 At! Coast L. 124% ... 124 124% 1 & O 53% 53% 53% 62% Can Pacific 148% 148% 148% 148% C Sc N W R 85% 85% 85 C H I & P. . 30% 35% 30% 85% Erie 12% 12% G No I,id 75% 78 Lehigh Valley 08% 68 -Mo Pac pfd .... .... 40 % 40 % X Y Centra! 98% 98 98% 97% K T M II i II 20 % 20 No Pac .... 79% 79% 79% 78% Pennsylvania. 40% ‘ .... 46% 40% Beading- .... 79 % 79 % So. By 33% 32 % 33% 32% So Pacific... 93% 93% 93% 94% 8$ Paul pfd 43% .... 43 42-% St L & S W p 02 61 01 % 63 U,n.-.;i Pa- 144% 143% 144% 143% Wabash pfd. 30 29% 29% 29% Rubbers— Fisk Rubber 16 16% Kelly-Spring . 53% 53% 53% 63% U S Rubber. 60 59% 60 59% Equipment*— Arner Loco .120% ... 120% 125% 8.-dw Loco .138% 137 138% 130 Gen Elec ... 186 ISO Lima 1.0c0.. 69% 68 09 07 Pullman ...128% ... 128% 128% Westh Elec.. 04% 04 Vi 04% 04 Steels— Bethlehem B. 66% ... • 00% 00 Crucible .. . 80 79 \ SO 79 % Gut States.. 91% 91% 91% 91 Midvale .... 29% 28% 29% 28% . 28% 28% 28% 28 % Kep I and S 60% 58% 60% 5S r S Steel ..107% 106% 107% 100% Vanadium .. 42% 41% 42% 41% Motors— Am Bosch M 49% 48% 49% 47% Cband Mot.. 73% 73 73% 73% Gen Mot ... 15 ... 14% 15 Max Mot A.. 53% ... 53% 52% Moon Mot 23 22% StudebaUer ..119% 119% 119% 119% Stew. Warn... 99 % 99% 98% Willy* Over.. 7 % 7% 7% Timken 39% 39% 39% 39 Butte Sup... 30% 35% 30% -35% Tex. G. & S.. 03% 03 03% 03 Coppers— Am. Smelt... 65 04% 0.5 03% Anaconda ... 51 % 51 % 51 % 51 %

EASTERN MARKETS DIE DOWN; Decline of 10 to 20 Cents Is Made in Local Trade, Hog Prices Day by Day Feb. 250-309 ibs. 200-225 lbs. 150-180 lbs 122. 8.1 On 8.30 8.25% 7.45 8.450 8.65 •23. 8.00 a 820 8.80'% 840 H-Hl'i; 8.50 24 8.00 -i 820 8 200 840 8 40'% 800 26. 800 8.25 8.30 . 8.50 9.50 <n 8 . 5 87. 8.20 . -35 >■’>■■ 8.:5 8 • .-a 8.85 2S. 8.25 ii 835 8 404 V 8.50 8.5044 6.05 An over-suppiy of hogs in the East which has resulted in breaking prices i on these markets caused hog prices to 1 decline from 10 to 20 cents at the loi cal livestock exchange today. The i break w:ts liardlv expected as Chicago receipts were not unusually large | and the local receipts scarcely touched 6,000. Local killers were bidding a I flat quarter lower but bought few I hogs in the early deals. Some lights | sold at $5.65, twenty cents off of Tuesday's top. and heavies soi l up from >8.23, which was generally a dime lower than Tuesday’s quotation. The bulk of the hogs moved from $3.30 :o SS.6O. Sows and pigs both reflected | the general market decline. The cattle market showed strength | from the opening and active buying was evident In the first half hour. Butcher cattle assumed the lead in the early trade* and lent strength to steer prices which also advanced slightly. ’ yceipts 800. The worst break of the day’s market was noticeable in calves which i lost fully a dollar from Tuesday’s quoI tations. A breaking Eastern market ; caused the loss. Choice veals sold at Ji3 as compared with sl4 on Tueslay and $16.50 a week ago. The bulk |of the calves moved from $12.50 to >l3. Receipts 400. The sheep and lamb market was nominally steady on receipts of 10. —llog*— 150 to 200 lb* $ 8.500 8.05 : Medium 8.40',8.50 Heavy 8.25 44 8.35 Top 8.85 Pigs B.oo@ 8 50 Packing- sows 6.75® 7.25 —Cattle— FeV choice steers .510 00441050 . Prime corn-fed steer*. 1.000 to 1.300 it.* 9.50 t 10.00 Go <1 tu choice steers, 1,000 to i .300 lbs 9.00*8 9.50 j Good to choice steers, 1.000 to 1.200 ibs 8.250 9.00 Good to choice steers. 1.000 to 1.100 ibs 7.25® 7.50 Common to medium steers. 800 to 1,000 lbs 5.75® 0.75 —Cow. and Heifers— Choice light heifers $ 6.00010.00 Good fight heifers 6 500 8.50 Medium heifers 6.000 7.25 ; Common heifers 5.00® 6.00 j Goo<l to choice butcher bulls. 400 % 4.25 Fair cows 4.00® 5.00 • Cutters 2.75® 3.25 Canners 2.25® 2.50 —Bolls— Fancy butcher bu 115.... $ 5 00 ® 5 50 Go,d to choice butcher bulls. 4.00'c; 4.25 Bologna bulls 3.75® 4.50 Choice veals $12.50013 00 Good veals 11.50'ft I 2.00 Medium veals 10.50® 11.00 Light weight veals 10.00® 10.50 i Heavy weight veals 9.00'% 10.00 i Common heavies 8 00® 9.00 ! Tup 15 00 —Sheep and Lambs— Culls 5 2.25® 3.50 Good to choice ew’ea 5.00 H 0..,0 Few choice lambs 13.000.14.00 Heavy lambs 12.00® 13.00 Cull lambs . 9.00 Bucks 3.00 Other Livestock CINCINNATI. Feb. 28.—Cattle—Receipts. 700; market steady; shippers, $7.25® 9. Calves —Market steady; extras, sl3 0 13.50. Hogs—Re-etpts 4,500: market steady, good ( or ehoi**e packers. $8.75 0 8.80. Sheep—i Receipts, loo; market steady; extras, 85'<i 1 0.50. Lambs—Market strong; fair to good. sls® 15.25. KANSAS CITY, Feb. 28.—Hogs—Receip's. 14.000; market, steady to 5c lower; bulk. >1 7, -. >: heavies, $7.1.0 07.85; butch -rs, $7.80 08.05; lights, $7.80 0 8.10; pig*. $7.2., 7.0., Cattl'.-—Receipts. 8,500: market, .steady prime fed steers. $9.750 10.50; Plain to lair dressed beef steers. $709.85; western steers. $709.75; sou them steers, ! $5.25''48.25; cows. $2.3500.25: heifers, $4.250f-.25; stock,-rs and feeders. $5.500 5.50: bulls. $2.50 0 5.25: calves. $5.50 0 12. -p."P—IP-coipts. li.OOO; market, steady', .in.us. $13,50 0 14.75 yearling-,. sis.so<a 12 15: wethers, $7.7509; ewes. $0,600 S 225; stockera and feeders. 515 •0014.09. CHICAGO. Feb. 28. —Hogs—Receipts 23.000; market, 5c to I,oc lower: top. $9.35; or > of sales. $7.700 8.25; heat >- weight. $7,850 8 05; medium weight $7.05 08 15: light weight $8.1008.36: light lights SB% ' 8.39: heavy pa. king sows $70740. pac.nI nig so-, s ruugi, $0.75 v 7.10; pigs $0,750 18. Cattle-—Receipts lloOO: market steady to 25c lower; choice and prime $10,250 (11.25: common and medium $8.40010 23; ouimon $0.7508 40: good and choice $9.75 011: conunon and medium $6.4009.75; I butcher am' cattle and heifers $5 50010; . -I 1007.75; bulls $4.5006.75; can--1 ners , utters cows *hd licit, ra $3.15 % 4 40: 1 can.'.er ati-crs $3 7:5 05; v, ai calves $7,750 'I i .7.,; feeder steers $608.25; Stocker I-- s $1 500 8: sto<-l:er cows and heifers ?3.26 0 5.50. Sheep—Receipts. 15 000; marsteady; iambs $13.50',;. 15.40: iambs. ic.,11 common. slo'% 13.50; yearlings •'.ethers. $9.75013.7.5; ewes. $0.5008.75: ni ho loumioii uw,-s, $3.7508.56. EAST BUFFALO. Feb. 28.—Cattle—Re- , .-ip; 150 market active steady: shipping '•cer. $8.50 0 9.55: butcher grades. $7.2.5 0 >SO caws. $2.2506.50. Calves—Res-clpts, lOo: market active, steady; culls to choice, >3O 14. Sheep and lambs —Receipts. OoO: ■ active, steady: choiM lamb*. $l5O 9 to fair, $8014.50; year!in > >8 0 14.10 . sheep, 53 0 9.60. Hogs—Revipt>, 10.500 market slow, lower: Yorkers, >- 2508 75; pigs 57.75'',mixed, $8 05 08.75. heavies. 554005.50; roughs $6.50 ,7' >t ,g-> 54.5006.35EAST ST LOUIS, Feb.. 28.—Cattle—Receipts. Boot) ,uarko. A 'ady; native beet steers. k 7 [email protected]: cows. $4.750 6: cani cr* ntfr' i tiers $2.7503.75: calves, $11.75 - 12: -rs and feeders. $607. Hogs—ilP'- market, strong. 5c 'o 10c Yit SS-.i 8.25: medium. $8,15 0

12:45 Prev. High. Low. p. m. close. 'Chile Cop 29% 30 Kennecott ... 43% 43% 43% 43 j Utah Cop 73% 72 % 73% 71% jU. S. Smelt.. 40% 40% 40% 43 Oils—iCal. Petrol... 87% 80 87 85% ! Cosden 58 % 58 % 58 % 58 % Houston Oil.. 71 70% 71 71% ran. A. P. A. 80% 79% 80% 70% Pan. A. P. B. 73 70% 71% 75% 1 Pacific 0i1... 44% 44% 44% 44% Pro. & Ref.. 53% 53% 53% 53% < Pure 0i1... . 29% 29% 29% v 29% Royal Dutch 03 % 54 % 8. Oil of Cal. 02% 61 01% 00% j S Dll of NJ 43 43% 43 42% Sinclair .... 34 33% 34 33% ; Texas Cos ..... 50% 50% Industrials— Alli-d Chem 70% 70 Anier. Can . 102% 101 101% 101% Am H & L p . . . . .... 71 % 71 Am Woolen ..106% 105% 100 105 Ctn X,eather.. 37 30% 37 30% Coca C01a... 77% . 70% 77% Cord.. Can .. 49% 48% 48% 49% Endieott-J. . . 75% .... 75% 75% Pam Ployers 87'. 87% ST % 87% Gen Asphalt. 47% 40% 47% 40% Inter Paper... 54% 53% 54% 53% May Stores.. 75% 75 75 % 74% Mont. & W.. 23% 23% 23% 23% Owen Bottle .... 45% 45% Sears-Roe .... 88 % 88 !■ Sterling Prod. 61% 03% 04 03% U. $. It. St.. 87% 30% si % 80% U S llld Al 08% 08% 118 % 08 % Am T and T 123% 123% Con Gas ... 00% 00% 00% 00% People’s Gas 91% 91 91 91% Shipping— Am Int Corp 28% 28 1 , 28% 28% Atl Gulf ... 20 24 % 20 24 Int M M pfd 4(1% 40% Foods—Anitr Sugar. 80% 80% 8(1% 80% Austin Nich. . . . . 31 % .30 Corn Prod .136% 134% 134% 135% Cu Cn S ,g pf 57% 50 % .57% 50 Cu Am Sugar 34% 33 % 34 % 33 Wilson A Cos . . ... 40% 40% Tobaccos—-Ami-r Sum :trs 32% 31 % 31 % ... Am Tob Cos .150 155% 150 155 % Gen Cigar ... !*I % 91 Tub Prod. . . 84% 83 % 83 % 83%

lights. SB,IOO 5.50: packing sows, $0.7507; plus. $608.10; bulk. ss.lo 0-8.50. Sheep— Receipts. TOO; market, -had wes. $5,500 8.25; canners and cutters, $2 0 0 5.50: wool 015.25 CLEVELAND. Feb. 28.—Hors—Receipts. 6,000; market 15c lower: Yorkers. $8,750 S.iUi; mixed, SB.T 5', 18.90; i itmum, $8.50; pigs, $8: roughs, $7; stag*. $4.50. Cattle Receipts. 2dd: market steady, good to choice bulls. 5.500 0.50; good to eliui, e >tc< rs. 55.5009 25: good to choice tutors. *0 59 0 7.f 0 : good to chon'e ix>w>, SSOO. fair to good cows. $4 05: common cows. $2.5003.75: milkers S4OO 70. Sheep and lambs—Receipts, LOOP market steady' top. .81 .',.25. Caives—Receipts, 300; market 50c higher; top. $14.50. CHICAGO GRAINS OPEN IRREGULAR Good Ciass of Wheat Buying Follows Foreign News, By United Financial CHICAGO, Feb. 28. —Grain prices were irregular on the Board of Trade today. A Kood class of wheat buying developed shortly after the opening oil | the strength <>f Liverpool advices and I strong: South American markets. ; Liverpool opened lower but gained later. Considerable apprehension was held owr the Southwestern wheat crop due to lack of advices. A strong export demand for corn • resulted in increased baying power, t Inquiry at both the Gulf and the scull >oard was good and indicated tha". March 1 farm reserv'd figures would show a heav crop disappearance. Argentine closed irregular but strong, hie to reports of light reserve stocks. Oats showed independent strength in view of the world’s supply. Provisions were higher in -ympatby with grains and liglU hogs receipts. Liverpool quotations were higher. Chicago Grain Table WHEAT— TTcv. Oncn. High. Ts>w- 1 I -4Y e!o>*. Ma .118% 1.19% 1.18% 118% 118% 118% 1.18% | July .115% 115% 1.15% 115% 1.15% 1.15% 115% CORN— May . .74% .74% .73% .74% .74 V* .7 4f* .74% ! July . .75% .75% 75 .76% .75% .75 % .76% OATS—- ; May . 41% .45 .44 % 44% 44% .44% .441, July . .44% .44% 44% .44% .44% CHICAGO. Feb. 7 3—Primnrv receipt*: Wheat. 781.000 arainst 498 000: corn 1 2.892.000 against 1 507.000; oats. 092 000 : against 615.000 Shipments—Wheat 630 - 000 acainst 556,000: rom, 692,000 against 1.329.000: oats. 098.000 against 605.000. CHICAGO. Feb 78.—Car lot receipts: Wheat. 24; corn. 510, oats, 66; rye, 6. Local Flay Market Lons- Hay—slsol7: Pales sJrt4*!7: h<avy mixed iia.v, $l3O 14 light mixed hay. ; $15017. Com—77o 80c Oats—s 2 0 55c. Local Wagon Wheat Lofwl mills are paying $1."8 for No. 2 r< and wheat. Clovcrseed Market CiOvrrs'HHl wjh quoted a bu In Indianapolis today. WIFE STICKS BY HER UNFAITHFUL HUSBAND Man Dangerously Wounded by Own Hand May Recover. By United I’rru s WOODBURY', N. C., Feb. 28.—Mrs. Harry Moll sat beside the bedside of ; her husband today "sticking by him" ' in the crisis that exposed to her his love affair with another woman. Moll, dangerously wounded by his own hand, is expected to recover. If he does he will be questioned conI corning the death of Mrs. Viola j Staley, 21-year old Philadelphia girl 1 lound dead in an Illicit honeymoon i cottage. BANK STOCKHOLDERS ASK FORFEIT MONEY Wrecked Institution Seeks Liquidated Damages. ISy United Prcx a PHILADELPHIA, Feb. 28.—Stockj holders of the Mechanics and Merj chants Bank, recently closed, today ! filed a bill in common pleas court ask : ing that all money paid In the bank by Abraham Goldman of Chicago and ’ Joseph B. Marcino of Buffalo be declared forfeited to the bank as liqui- ! dated damages. Raw Sugar Market By United financial NEW YORK. Feb. 28.—Raw sugar j opened higher March. 5.05 c bid; May, j 5.360 5.37 c: July. 6.43®5.45c. In the Cotton Market By United Financial NEW YORK, Feb. 28.—Cotton opened tr regular. May. 30.15 c. up 3 joints; Juiy. 29.15 c, oft 2 points: October, 26.02 c, off 8 points.

THE INDIANAPOLIS TIMES

HIGH GRADE HOGS, BRED IN INDIANA, GO AT PREMIUM Local Market Establishes Reputation of Being 'Choicy, 1 Why Indiana hogs bring from 25c to 50c more at the Indianapolis Live Stock Exchange than hogs of similar grades on the Chicago exchange is a question frequently asked by the novice who visits the Indianapolis yards after scanning the bulletin boards for the Chicago quotations. The psychology which underlies the higher prices Is not discernible on the surface, but the seasoned trader will curl his upper lip and cast his eye over a drove of hogs and teil within a fraction of a second whether any Western or Southern fed hogs are being offered. A few days ago a drove of southern hogs arrived at the yards for shipment. Even an amateur could look at them and note the difference Jti titeir appearance, but only a trained buyer could explain why they brought from 50 cents to a dollar loss on the hundred than their kin in the next pen. These hogs were bred In Misouri and fed there until they were nothing more than pigs and then shipped to Illinois for the fattening process, in the hope that the Illinois feeding could overcome the shortcomings of their early rearing. But not so, for when butchered and reduced to lard it probably would have been found that the lard would not harden at all. but would remain liquid and consequently much less useful than the lard to be obtained for seasoned hogs. Prices 1 wer Here Such hogs are “grazers. ' which are left to forage about the fields to find whatever they can to sustain life. They are commonly termed "peanutcrackers.” because they often are fed on peanut shells and bark of trees. It is commonly thought that the Chicago exchange governs the prices of the Indianapolis exchange. It does, to a certain extent, but the markets of East Buffalo and Pittsburgh have a very widespread effect in establishing prices. These markets always are higher than the Indianapolis market, not so much because of quality of hogs shipped there, but because these markets are closer to the Eastern points of absorption. The difference ■ foot or butchered to New Y'ork City and other large seaboard points accounts. traders say. In a large measure, for the higher prices there. “(’holey’* Market. Indianapolis does not enjoy the large patronage it once did. however, not because of lost popularity, bur because it has become a more “choicy” market. The exclusion of the cheaper grades—or rather tho discouragement offered by local buyers to shipping of cheaper grades hero for market —has established a reputation for the exchange which is not surpassed, if equaled, in any other market. The Indianapolis market very often acts independently of all other markets, as hog prices here have frequently been known to run counter to prices of cßber markets due to the location here of several packing Interests which are not dependent upon either western or ‘-astern supplies. Altogether, the Indiana feeder Is to be congratulated for the quality which he “breeds and feeds" into his hogs and no small recognition has come his way among the big and exclusive buyers of livestock.

INVENTS FIRE PREVENTER leocal Man’s Chemical Will Stop Flame Spread. Ansil Moffatt of the Indiana Cliomtcal Ke.scarch Laboratory. 770 Century building, htia completed a series of tests and has perfected a process with which inflammable materials can bo treated rendering them loss inflamnblo i The chemical ia called "No Blaze." j , 'loth and other materials treated with i tills chemical will not blaze, tho inj venter declares. Moffatt wiy demonstrate a process j by which ail the ammonia in the air | can be secured without tho uso of pressure, before the chemists of the State. The cost of producing tno ammonia will ha about one-fifth of the present cost, officials of tho laboratory assert. U. S. SUED ON LAND PRICE Jeffersonville Man Complains of Appraisal—Seeks $9,960. Judgment of $9,960 was asked .by : William T. Ingram of Jeffersonville ,in a suit against tho United States filed in Federal Court today. The suit i grew out of the requisition of about ] eleven and one hqjf acres of land for i use by the War Department In 1918. i Government appraisers valued the j land at $10,280. The real value of the property was $17,400, the complaint stated. The amount asked is tfte difference between $17,400 and $7,710 given by the Government as partial payment. APARTMENTS ARE BOUGHT Thomas F. Griffin Pays $50,000 for St. Albans Buildings. Plans of Thomas F. Griffin, who Tuesday bought the St. Albans apartments, 109 E. St. Clair St., are to conduct the apartments according to the plan now in operation. Griffin bought the building from E. E. Seabury and Miss Nellie Reeve of Chicago for approximately $50,000. The building contains twelve ap irtments. Tho sale was negotiated by Miss Anna M. White of the Union Trust Company. Second Reading Reached The bill abolishing the offices of county highway superintendents and authorizing the appointment of road supervisors to replace them passed to second reading today in the House. Representatives Carter and Scott are L- c- e- rr* . (04.1.

CURB STOCKS MOVE HIGHER AT OPENING Good Tone Felt Late Tuesday Helps All Groups. By United Financial NEW YORK. Feb. 28.—The good I tone that marked late dealings on the | curb late yesterday continued in the early trading today and all groups moved up fractionally during the first hour. Motors were strong. The market came to an appreciation of reports of ex-dividend action by Reo and that stock moved to 14 up %. Durant at 69 -was up V 2 and Peerless sold at 77. The newcomers, including Onyx Hosiery, Fay Taxicab and others were firm. They now have the background | for the rise for which they apparently are being played. The oils were marked by an advance by Vacuum to above 53, against yesterday’s qiose of 52%. Standard of Indiana held around 67. United Verde Extension featured the coppers, rising 1% to and Howe Sound sold above 4. Marriage Licenses T. E. Grinsdale. 26. 318 N. Denny; Cora Uhl, 26. 3005 S. Meridian. Go*'nre Edwards. 53. 528 W. Twelfth; Mary Howard. 40, 528 W. Twelfth. John Rutland. 25. 4701 Michigan Rd.: Bulah Payne, 27, 350 Mitchell. S. 11. How<9l. 73; Botch Grove, Inch; Nettie Newby, 49, Bridgeport, lud. C. T. Simpson. 71 447 N. Alabama; Lillian Keliy. 24. 110 State. A. T. Ryan, 51, 1405% N. Illinois: Fern Hill". 30 2715 N. La Salle. C J. Mahoney. 29. South Bend. Ind.; Martha Richardson. 20. 403 Douglas. Thomas Persly. 21. 12 43 McDougal: Lola B Carpenter. 20. 1202 Cameron. Births Boys Robert anl Ida Endicott, 1417 N. Warman. Walter and Hiela Scott. Deaconess Hospital. A Vrt and Mabel Grc-ilieh. 3830 N. Keystone. I'.helm anJ Emily Schenk. 1234 \V. New York. Isaac and Leah Marks. Methodist Hospital. - -1: and Ixiriena Thurman. Methodist Hospital. frank an 1 Ida Shephard, Methodist Hospital Ar thur and Marian Phelps, Methodist Hosi pita!. Joe and Mary Be!!. 338 Beauty. Cliarlos and Haxel Moon. 526 E. North. Eddie and Beatrii* Barnett, 1718 Linden .lalaslu and Irenu Ferguson. 712 W. Eleventh. Harry and Christina Starrett, 506 S Chase Edward and Ethyl Sturre-j, 1040 Hovey. Roy and Pearl White 3i2 4 Newton. Girl* William and Pearl Bohr. Deaconess Ho pital. Charles and Viola Mead, '- aconea# Hospital. i Vlrijil and Eve Wind!. 1102 N Tibbs. Delbert and Leona Wilmoth. 4315 Carrollton Clifford and Mary Kirby, Methodist Ho pita' John and Lilt Tlofman. Methodist Hospital Snenoer and Olivo Be via. Methodist Him pital. Tom and Alta Jackson. 900 vv Michigan. Marion and Mary floorer 2029 Lewis Mike and Mattie Marlow. 725 Concord. Deaths Nancy C Swift 85. 873 N. Delaware, hypostatic ptn-uiimnia. Ruby Edn i Albers, 24. St. Vincent s Hosi pital, renal eah-uh,s i Martha Dauo Jaekley, 79. 3002 N. Capitol, pulmonary odoma I Thomas J Sluinen. 63. 2229 N Delaware, 'lobar pneumonia. | Sue Ann Cooper. .38, Central Indiana ItosI pital. pulmonary tuberruioMi*. Law rt mto Holier!*. 4 1. 830 Broadway, pulmonary hemor-rh.,*.-'-Georgia Boling. 2, .10.3 Arne*. Infiun*a. | Emma Dessent. .38 2208 Madison, gen(Tin tuU-renlosl* Patrick Madden. 58, city hospital, chronic ' nephritis. John jack son. 7.3, ,-tty hospital, peritonitis Mar}' Klizalxtth WiHiams. 52, 10.5 Dawson. ehron, <• myocarditis A W. Hasty, 85, 1223 S. East, cerebral hemorrhage. Maude >andirs. 47. 1138 S. Tlabanta, ] mitrs: stenosis , Carria K. Moore.. 50. St. Vincent's 110 : pital. appendicitis. Mary Jan- Puph. 61. 1519 S. Gale, ! chrome lnt<Tst:‘iai nepb- tis. Maxdeheiia Ziuunen. 69, 520 lowa, acute endocarditis John Gterandanner, 89. 2007 N. Capitol, i cerebral hemorrhage. i Rosin'* Howard. 5 months. 7.18 Douglas, acute bronchitis C. W Payne. 64, city hospital, cerebral hemorrhage Metric Douglas. 51, 769 Indiana, fastro- . enteritis Mary Turner. 52. city hospital, carcinoma | James Butler Campbell, 2. city hospital, ; intussusception. Peter John Hoi eon, 77. 1047 N. Bevtllo, ' nifluenza John Henry Rusta. 88. 202 Parkview, acute bronchopneumonia William H Tyler, 65, 844 Camp, canlia. I hypertrophy. Roberta Alford. 1, 1352 8. Pershlnc. bronchopneumonia .In men Griggs. 75. Methodist Hospital, third degree burns (it.’eidcntal).

Building Permits Carrio Dickey, remodeling. 3867 Ruckle, f2OO. Kvolvn B. S'-hmldt. dwelling, 607 IrV Thirty First, $4,500 Evelyn B. Schmidt, dwelling. 615 W Thirty First. 54.500. James Flaherty, dwelling. 1,536 N. Chester, $2,500. M. J. Ready, repairing, 437 E. Tenth, $3,600. C E. Cilns, repairing, 1046 W. ThirtyThird. SBOO. Mary Schrolbcr. dwelling, 6337 Central. $5,000. John W. Tate, garage. 214.5 Belletontatno s4,lf). Newton B Tarklngton, remodeling, 4270 N. Meridian, $4.000. August Borchert, garage. 1808 Shelby, S2OO. A E. Ward, dwelling. 5200 Broadway, $6,000. C. W. Tryberger, repairing. 2314 K. Washington. $360. H Solomon, remodeling. 637 Stevens, S2OO. J. A. Carr, dwelling. 714 N. Gladstone. $5,000. Daniel P. Shay. double. 838 N. De Quincy, SB,OOO. Ideal Dairy Company, building. Moore and Christian. $7,000. J. Haas, factory. 555 8. Delaware, S6OO j! 8. Cruse, dwelling. 325 S. New Jersey. $6,050. Martha M. I’leh, remodeling. 236 N. Ham llton, $2,000. O. N. Percy, garage. 2402 N. Capitol. SBOO Frank Sanders, repairing, 3617 E. Sixteenth, $4,000. Otto F. Harlan, repairing. 146 S. Elder. S2OO. John O'Malley, repairing. 2464 Broadway, $492. .1 D. Wilcox, repairing. 3160 Central, $696. Clifford J. Aslrin, repairing, 1515 N. Meridian. SI,OOO. A Stinkard, repalmlg, 2466 Broadway. $2,300. Puts & Calls S4O to $125 controls 100 shares of any listed stock on N, Y. Stock Exchange. No further risk. Move of 5 points from option price gives you opportunity to tube ss<S> profit; 3. S3OO, etc. Write for Free circular. R. PARKER & CO. 50 BROAD ST., N. Y. American Telephone & Telegraph Cc. 134th Dividend The regular quarterly dividend of two dollars and twenty-five cents per share will bo paid on Monday, April 16. 1923 (o stockholders of record at the close or business on Friday, March 16, 1923. On account of Ihe Annual Meeting of the stockholders the transfer books will be closed at tho close of business on Friday, March 16, 1923, and reopened at 10:00 A. M. on March 28, 1923. IT. BLAIR-SMITH, Treasurer.

A POWERFUL TRADING SYSTEM WITHOUT MARGINS New York Stock Exchange Issues Our Free Booklet Shows You How EBEL & COMPANY 20 Broad Street. New York,

BUSINESS REVIVAL IN PROGRESS, SAYS . FEDERAL REPORT .Improvement in Agricultural Situation Is Predicted by Reserve BoardBy United Press WASHINGTON, Feb. 28.—A sound ] business revival is now in progress, j the Federal Reserve Board stated today in its annual report. Post-war liquidation was definitely halted last year and the business revival at once began, the report declared. “Just as liquidation in 1921 first affected the large cities of the East and was slow in gathering momentum in agriculture districts, so the increased borrowing of the last five months has been most marked in the Eastern industrial sections,” the report says. ‘ The year 1922 was a year of almost continuous recovery. Prices and production both increased, but the production of basic commodities increased at a more rapid rate than the level of prices, and at the end of the year the output of industry was ; greater than at any time since 1920. "While the revival of 1922 has been primarily industrial in character, there has also been a decided improvement in the agricultural situation. The farm value of most of the important crops was larger than in the previous year owing both to great yields and high prices. Prices of agricultural products are still out of line, but a readjustment has been in progress during the year.” Abbreviate*! Capes The very short cape, reaching sometimes a trifle below the waistline, but usually stopping an inch or so above, is to be very fashionable this spring. The cape usually is a part of the costume, however, and rarely removed.

&& LET US HELP PAY W YOUR TAXES W Become a part owner in a home company — invest in Central Indiana Power Cos. 7% A cumulative preferred stock —earn better than ly 7i/o% on the money you invest and you not gjJ o only put your money to earning good returns O with a home concern, but you invest in stock |*>] -j ; that is non-taxable in Indiana and free from |S| jb j the normal Federal income tax. tgj Par value SIOO. Price now s9l. Net return better than 7.69°^ b, I I) 1 j|| i N This stock is being sold by the companies named below EiNg pr j ; and their employes. Ask any member nr employe for Jf2| particulars. Let them explain to you iu detail the value |jt| jpX| of this investment. j[i CENTRAL INDIANA POWER CO. j] jlylj 2 W. Washington St. Owning and Operating. MA In 1127. ‘~r Merchants Heat & Light Cos. Wabash Valley Electric Cos. |LJ Northern Indiana Power Cos. Putnam Electric Cos. JLJ| Valparaiso Lighting Cos. Cayuga Electric Cos. * ~ A SAFE HOME INVESTMENT

A Broadcasting Station That Is At Your Service Every Day BEACH out to that big audi- \ ence of steadily increasing * numbers, the readers of Indianapolis Times Want Ads. Make your wants, your needs, your ambitions known to it. Let them know what you have to sell, what your business is, what you specialize in. This audience, composed of folks just like you, is mightily interested in you, in the thing you need and the thing you have to sell. Begin today—broadcast your needs and wants to this vast audience through the—WANT AD COLUMNS OF THE INDIANAPOLIS TIMES Read For Profit Use For Results Call MAin 3500 —Ask for a Want Ad Taker

BUOY FLOATS ACROSS SEA LONDON. Feb. 28.—A whistling buoy which was reported lost from the St. Lawrence River a year ago has been washed ashore at Bryher, one of the Sicilly Islands. It is thirt yfeet in circumference and twelve feet high. The carbido gaslight case was wrenched from the top of the buoy on its journey of 3,000 miles. Twenty years ago a similar marker drafted to the Sciiiies from the Mexican Coast and is now being used as a water tank. CHURCH GIVES FLAYLET East Tenth M. E. Dedicates New Community House. The first performanace to be given in the new Community House of the East Tenth M. E. Church took place Tuesday evening. The playlet, "Aaron Boggs, Freshman,” was coached by Mrs. Katherine Holmes. There were twenty in the cast, with Miss Anna Koft and Richard Smith as principals. The performance was well attended and will be repeated this evening ana possibly Thursday evening. COLD STORAGE DISCUSSED A round-table discussion of the 1923 cold storage situation, led by 11. W. Davidson, Ft. Wayne, was held at the ninth annual convention of the Indiana Egg and Poultry Dealers’ Asso-! ciation at the Claypool today. The j entire seventh floor of the hotel is j occupied by exhibits from throughout' the country. "Quality Buying” was discussed by j P. P. Triller, Indianapolis. Election of I officers was to close the convention. ! Touring Car Stolen A touring car of P. F. Mayne, 837 Park Ave., parked at 515 E. Thirteenth St., was stolen Tuesday night. Give Ravenswood Rights. ti’. . H/vver.- : wood will be legally incorporated under provisions ~ .. ~ ... .n will, passed by the House today by a vote of 70 to 1.

Liberty Bonds 415 LEMCKE BLDG.

I Buy and Sell

WEDNESDAY, FEB. 28, 19z3

ARTILLERY CAUSE OF MOST WOUNDS 4 Statistics Show Contrast of Civil and World Wars, WASHINGTON, Feb. 28.—Medical records of the A. E. F. indicated that artillery fire was responsible for 70 per cent of the gunshot wounds reported. In the Civil War 9 Oper cent of gunshot wounds were from small arms and grenades. The statistics are based on a study of 245,790 Civil War gunshot wound records and 147,651 similar A. E. F. returns. In more than 103,000 Civil War cases and in 74,883 World War cases, however, the nature of tho missile inflicting the wound was not recorded. Wounds resulting from artillery fire in the Civil War are classified as 9 per cent from "shell and cannon ball,” the A. E. F. records show 46 per cent under the same heading. Under “grape, canister and shrapnel," however, the A. E. F. shows 24 per cent and Civil War records less than 1 per cent. The figures are of interest in connection with the designs for new helmets for the army. The present records merely show that 32 per cent of all gunshot wounds overseas were to the upper extremities; 40 per cent to the- lower extremities; 13 per cent to the head, face and neck; 5 per cent to the thorax; 5 per cent to the backbone and spine, and 5 per cent to abdomen and pelvis. The civil waK records follow the same averages to a remarkable degree. Distinctive Brim One smart little felt hat makes itself distinctive by having a threetiered brim instead of just one. But it shows a sense of restraint by doing without other ornamentation.

Newto Todd