Indianapolis Times, Volume 35, Number 306, Indianapolis, Marion County, 4 May 1923 — Page 16

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WHOLESALE CALLS FOR MARGINS ARE CAUSE OF BREAK Liquidation of Impaired Accounts Brings About Early , Morning Reaction, The WALL STREET JOURNAL NEW YORK. May 4.—Wholesaie margin calls were sent out following the further drastic decline in Thursday’s session and heavy liquidation took place In today’s early dealings by traders who were unwilling or unable to furnish additional protection for their holdings. Stewart-War-nei was one of the weakest features, dropping to 99*2. a loss of more than 20 points since last Saturday. First Hour Further adjustment of impaired accounts resulted in considerable irregularity in the first hour but selling pressure lightened before 11 o’clock and the list began to show a better tone. Impressive support was given certain Btocks by large interests. This was true of Steel. General Electric, Kennecott. General Motors and Sinclair. Standard Oil stocks were steady. Second Hour Another outburst of selling after 11 a. m. carried Steel common to a further new low for the year at 103% and resulted in general recessions throughout the list. With a few exceptions, stocks in both the industrial and rail groups lost additional ground. Bears used as a background for this drive the fact that reserve statements for this week showed an increase in rediscount paper with ratios at slightly lower levels. Noon Hour Liquidation of issues on impaired marginal accounts amounted almost to a panic in noon dealings. Scenes of 1919 were recalled as stocks were thrown overboard, apparently without thought of price of value. The reaction was so rapid that the whole market was demoralized for the time when such stocks as Stewart-Warner dropped 4 points between sales. Fourth Hour The earlier part of the fourth hour promised little more than a continuation of the severe reaction of the noon hour, but toward 2 o’clock, many active issues had met with support that brought quite a few back to their earlier lows. The recovery, however, was not general throughout the list and many issues continued their fractional declines, Closing Hour The close of the day’s market session though not impressive from the standpoint of averages was of much brighter character than might have oeen expected during the panicky transactions in the noon hour. Several stocks were able to regain at least a fair portion of their day's losses while not an inconsiderable number failed to meet with such success. Twenty active industrial stocks Thursday averaged 96.30, off 1.75 per cent. Twenty active rails averaged 34.22, off .57 per cent.

Local Bank Clearings T bank Hearings Friday were $3,771,000. Bank debits wt-re $6,137,000. j New York Money Market By f nited Financial NEW YORK. May 4.—Time money was aartes at 5 % per cent bid and offered. In commercial paper prime names discounted at l per cent and other 5 % per cent. Foreign Exchange By United Financial NEW YORK, May 4— Foreign exchange opened irregular. Sterling—Demand $4.82 " : cables. $4 26%. Francs—Demand. 6.68 e; cables, 6.65%e. T.tre—Demand. 4.BB’ic; cables, 4.89 c. Belgian—Demand, 5.78 %c; cables. 5.79 c Mark 37,037 to the dollar. Czeeho—Demand. 2.97 e: cables. 2.97 He. Swiss—Demand. 18.03 c: cables. 18.05 c. Guilders—Demand. 39 10c: cables. 39.13 c. Pesetas—Demand. 15.22 c: cables. 15.24 c. Sweden—Demand. 20.03 c; cables. 20.67 c. Norway—Demand. 17 0-1 c cables. 17.08 c. Denmark —Demand, 18.70 c: cables, 18.74 c. Produce Markets INDIANAPOLIS, May 4.—Fresh eggs. 24c: packing stock butter. 28c; springs. 1% to 2 lbs.. 45c: fowls, straight. 22c; fowls, under 4 lbs , 19<-: leghorn poultry, 25 per cent discount cocks, 12c: young tom turks, 12 lbs. up. 28c; young hen turks, 8 lbs. tip. 28c; old tom turks, 23c: ducks. 5 lbs. up. 13c: geses. 10 lbs. up. 11c: squabs. 11 lbs. to doz.. $5 Indianapolis creameries are paying 42c a lb. for butter fat. CHICAGO. May 4—Butter—Receipts. 7,487: creamery extras. 41c: standards. 41c; firsts, 39 %c: seconds. 38 %c. Eggs—Receipts, 39.577; ordianry firsts. 23%®24c; firsts, 26 %c. Cheese—Twins. 21'*® 21 He: young Americas. 22c. Poultry—Receipts. 3 cars; fowls, 24c: ducks, 20c; geese. 12c: turkeys. 25c: roosters, 13c; broilers. 45®50c Potatoes—Receipts, 458 ears Wisconsin round white, sacked, $1 ® I. fancy. $1.15: bulk. $1: Minnesota Red Riyer. Ohios. 50®75c: Idaho Rurals. $1 10 @1.25: russets. [email protected]. CLEVELAND. Ohio. May 4.—Butter —Extra in tubs. 46®47e; prints, 45%@47%e; firsts. 43®45c: packing stock. 33%@35%c. F.ggs—Fresh gathered northern extras. 31c; Ohio firsts, 27c: western firsts, new cases. 260: duck eggs. 29%@34%c. Poultry— Live fowls. 27c; fancy tat. 28@C9c: roosters. 17@18c: capons. 32@36e; light fowls, 23 @2sc: broilers, 50@65c: ducks, 20® 30a Potatoes—Michigan, s2® 2.25 per 150 lbs : New York. $2.30 per 150 lbs.; Early’ Ohio, [email protected] per 120 lbs.; Idaho Russets, s2® 2.60 per lOOlbs.; new stock, $8.50® 8.75 a barrel. NEW YORK. May 4—Flour—Dull and ■weak. Pork —Dull: mess. $27.50® 28. Lard —Steady: middle west spot. sll.Bo® 11. Sugai Raw, weaker: centrifugal, 96 test, 7.78® 7.91 c: refined, weaker: granulated. 9.50® 10.25. Coffee—Rio No. 7 on spot. 11 %c. Tallow —Dull; special to extra, 8%@8%c: city, 7%0. Dressed poultry —Dull: turkeys. 25®38c: chickens, 18® 4oc: capons, 28@45e; fowls. 16@82c: ducks, 20® 30c. Lire poultry—Easy: geese. 12®14e: ducks, 18@26c: fowls, 20 @ 27c; turkeys. 25® 40c: roosters, 14o: broilers. 46® 55c,- Cheees—Quiet: state whole milk, common to specials. 20® 29c: state, swims, common to specials. 10® 18c. Butter —Easier: receipts. 8,909 creamery extra. 43 %c; special market, 43%®44%c: state dairy tubs. 39®43c. Eggs—Steady; receipts. 50.161: nearby whites, fancy. 40 ®4lc: nearby state whites. 28®39c; fresh firsts to extras. 30® 32 %c: Pacific coast, fel 6 39\e; western white. 28® 39c; nearby browns, 33® 37c. Raw Sugar Market By United Financial NEW YORK. May 4—Raw sugar opened lower, while the National Sugar Refining Company lowered its refined sugar to 9.90 c. off 25 points from its previous quotation. Raw sugar futures opened 15 to 33 points off. due to heavy liquidation. May, 5.60 c asked: July. [email protected]: September. 5.43® 0.48 c. The Pennsylvania Sugar Company made the largest cut to date on refined 6Ugar by slashing the price to $9.60c on 100pound bags. This is a drop of 75 points from 1U previous quotation. It made a reduction of 05 points to 9.00 c for assortment purchases.

New York Stocks (By Thomson & McKinnon 1 —May 4

Railroads— 1:45 Prev. High. Low. p. m. close. Atchison ... 99 % .... 98 % 100 % B. & 0 48'. 48 48% 48% Can. Pae.. 151 150 151 C. AN. W. R. 78% 77 % 78 C.. R. I. & p. 30 29% 29% 29% Dela. & Lack. 117% 116 117 Gt. No. pfd.. 72 % 71% 72 Lehigh Valley 61% 61% 61% 61% N. Y. Central 92% 91% 92 Nor. Pacific 73 % .... 72 % 72 % Pennsylvania. 44% 44% 44 % 44% Reading 74% 78% 73 So. Pacific.. . 88 % 87 % 88 % St. Pau - pfd 30% 36% 36% 36% Union Pacific 130 133% 135% Wabash pfd. 28% . 27% 28% Rubbers— Good. Rubber 34% 34 34% Kelly Spring. 52% 51% 62 62 U. S. Rubber 50% .... 55% 55% Equipments— Am. C. & F.. 109 % 167% 168% 108% Amer. Loco. 128 127 Vi 127% 127% Bald. Loco. .130% 128% 129% 129% Gen. Elec. .174 172 173% 173% Lima Loco. . 60 % 05 % 08 % 65 Pullman 119 117% 118% 117% West. Elec.. 55 55% 65% 66% Steels— Bethlehem .00% 60% 60% 60% Crucible ...71% 70 71 % 70 Gulf States. 87 84% 80% 85% Midvale ... 30 Vi 30 30% 30% Rep. I. & 8 54 62% 62% 53% U. S. S. ...102% 101% 101% 101% Motors— Am. B. M. . 42 41 41 42 Chand. M. . . 03 01% 61% 62 Vi Gen. Motors 16% 18% 10% 10% Max. M. A. 49% 4040 V* 49% Max B Mot. 18 ... 17 17 Studebaker .117 115% 115% 110% Stromherg .. "2% 70% 71 73 Stew-War ..100% 90% 93% 104% Wil-Over Timken 40% 38% 38% 39% Minings— T. and 9 01 00% 61 60% Coppers— Am. Smelt .. 60 % ... 59 59 % Anaconda ...40% 46% 48 48% Kenneseott .. 39 38% 38% 38% Utah Cop ... 68 07 68 07

SELLING FORCES ALL GRAINS 001 Many Factors Enter Into Market’s General Decline, By Times Special CHICAGO, May 4.—Grains were under pressure today on the Chicago Board of Trade as a result of lack ; of export demand, reduction in prices of other commodities such as sugai and cotton seed oil. and the close was lower. Wheat was influenced by an unfavorable flour situation. Mills in the j Northwest were reported running u,i- j der 40 per cent capacity, with nt- j new business in sight. Corn held firmer than wheat, due | to an active cash market. There was little indication of country selling and export inquiries. In oats, the marko’ showed a de j cided weakness. Export buvmg lias ; about ceased, only 369.000 bushels be- , ing shipped abroad in the list month. Provisions were steadier than grains due to a bett?r tone in late hog trading. Chicago Grain Table —May 4 WHEAT— Prev. Ofxm High. I.o* Cloe i-low May .1.20% 1 20% 1 18® 119 1 19% July .1.19% 120 1.17% 1.18% 1.19% Sept. .1.18% 118% 1.16% 1.17 1.17% CORN— May . -81 .81 .80 80% .80% July . 81% .81 % .80% .81 .81% Sept. . .81 81 .79T{ 80% .80% OATS— May . .44 .44% 43% .43% 43% July 44% 44% 44% .44% 44% Sept. 43% 44 43% .43% .43% LARD— May 11 00 11 02 10 95 10 97 10 97 Julv 11.15 1120 11 12 11 17 11 17 Sept 11.37 11.45 11.35 11 37 11.40 RIBS—- • May 9 25 9 30 Julv . 902 967 950 9.50 9.57 Sept.. 9.77 9.85 9.75 975 982 RYE— May . 82 % .32% 79'* .80% 81 * Lily. 84% 84% ..Sol, 82% 84 Sen, . 84% 84% .81 % .82% .84% •Nominal CHICAGO. May 4—Car lot rer-eipts: Wheat, 22: corn, 83; oata, 38 rye. 8; barley. 3 Cash Grain INDIANAPOLIS. May 4.—Bi<l for ear lots of grain and hay at the oall of the Indianapolis Board of Trade were: Wheat—Through billed. No. 2 red. $1.20 r s t. 28. Cosm —Easier: No. 3 white. 70V 77c; No. 4 white. 75@70e: No 3 yellow. 76 077 c: No. 4 yellow. 75®70e; No. 3 mixed, 70® 77c: No. 4 mixed. ?s®7oc. Oats—Easy: No. 2 white. 43% ®43%c: 'No. 3 white, 42® 43c. Hay—Firm: No. 1 timothy, $18.50® 19: No. 2 timothy, $18®18.50; No. 1 light clover mixed, sl7® 17.50: No. X clover hay, $16.50 017. —lnspections Wheat—No. 4 red. 1 ear: No. 2 mixed. 1 ear. Total. 2 ears. Corn —No. 1 white 4 ears: No. 2 white, 6 oars; No. 3 white. 2 oars; sample white, 1 oar- No. 1 yellow. 2 cars; No. 2 yellow, 17 cars; No. 3 yellow. 2 cars; No. 2 mixed. 2 cars: No 3 mixed, 4 ears. Total. 40 ears Oats—No 2 white, 10 ears; No. 4 white, 1 oar- sample white, 2 cars. Total, 13 oars. Hay—No. 2 timothy. 1 car: No. 2 clover hay, 1 ear. Total. 2 oars. Total receipts for the day. 58 oars. Grain prices quoted f. o. b. basis. 41 %c to New York. CHICAGO. May 4 —Wheat—No. 2 red. 51 31 Vi • No. 3 hard. $1.19%. Com—No 1 yellow. 83 %®B3 %c: No. 2. 83% ® 84c: No' 3 82 % V 83c: No. 1 mixed, 83o: No. 2. ,82%082 %o: No. 3,82 c: No. 4. 82o; No. 1 white 82 % 0 83o; No. 2, 82%®830; No 3 82 1 iV. Oats —No. 3 white, 45 %® 40 %o: No. 4, 45 %c. Barley—67®7oe. Rve —82 %e. Timothy—sso. 6.50. Clover —sl2® 17. ST LOUIS. May 4.—Wheat No. 2 red. $1 35 No. 3. $1 29; No. 4. $1.2501.20; No 2 hard. $125: May. $1.17%: J’l'y. SI 16% Sept .$1 16 Cosm —No. 2 white. 84o: o. 3. 83%e: May. 82%c; July. 82%e; Sept.. 80 %c. Oats —No. 2 white, 40%® 470- No. 3 4040%c: No. 4, 45% ® 45%c; May. 45%c; Sept.. 40c. TOLEDO. May 4. —Wheat—Cash. $1.33% .®I 34% Com—Cash. 88%®90%c. Rye |—Cash. 80%c. Oate —Cash. 50%®51%<-. Harley—Cash. 73c. Cloversed —Cast,. $11.45; Timothy—CaHi. $3.25. Alslke —Cash. $10.50. Butter —44 040 c. Eggs—24® 20c. Hay—s2o ® 22. Grain Briefs CHICAGO. May 4.—lllinois farmers are complaining of dry weather, and an acute com shortage is said to exist in the central part of the State. A farmer near Corydon, Ind. sold a crib of 600 bushels of com at 81 per bushel, the buyer to cart the grain away. Owing to delay In opening of lake navigation. Canadian exporters are being compelled to buy hard winter grains to fill May contracts. Severe penalties will be imposed on traders in grain futures after the closing bell, under anew- order issued by the Board of Trade officials. Official designation as a contract market unde rthe grain futures act was reseived from the Department of Agriculture today by the Chicago Board of Trade. Dry weather reports are coming in from Illinois. Indiana and Ohio In increasing numbers and damage to wheat is being claimed. Unusually low temperatures prevail in the Northwest, with prospects of further temperature drops forecast for Friday. Local Hay Market Loose (icy—sl9o 20: bales, $lB 0 20; heavy mixed hay SIBO 19; light mixed hay. $lB 0 20. Corn—9(l ®9se. Oats—soo6sc. Local Wagon Wheat L4cal mills are paying $1.28 for No. 2 red wheat.

1* .45 Prev q High. Liw. n. m close Cal Petrol .. 88'% 80% 87% 87% Cosden 47% 30% 46% 40% Houston Oil . 62 50 52 63 V* Md Oil 44% 43% 44% 44 Pan Am P . 70% 08% 68% 69 Pan Am PB. 60% ... 66 05% Pacific Oil ..38 Vi 37 % 37 % 37 % Phil Pete .. 55 54 % 54 % 55 % Pro. and Ref. 44% 44 44% 44% Pure Oil 25% ... 25% 25% St Oof Cal.. 62% ... 52 51% S ( Oil of N. J. 37 .... 30% SO% Sinclair 31V* 31 31 >4 31 % Texas Cos 40% 48 46% 40 Industrials— Allied Chem.. 09% . 69% 69% Amer. Can... 88% 87 88% 87% Amer. Ice. . 98 V* 95 99 Am. Woolen 93% 93 93% Coca Cola . . 74 % ..... 74 74 u Comp A Tab. 74 ..... 73 741, Cluett & P.. 67 ...... 66Vi 67 Fam. Players 81% gi 82% Gen. Asphalt 41% 39 39 % 41 ' Inter. Ilarv.. 30% 88 80% .... Mont. Sc W.. 22 % „ 22'* 23 Owen Bottle. 43% 43 43% Sears. Roe 82 % 81 % 82 81 % Sterling Prod. 69 68 68 58% U. S. R. St.. 77% 70% 77% 77 U. S. In. Ale. 67% 66% 66% 67 Woolworth .218 217 218 217 Am. T. & T..123V* 121% 122 122% Consol. Gas.. 04 63% 63% 05 Col. Gas 104% 103 103 104 West Union.lo9 107% 108% 108% Shipping— Am. Int. Cor. 25 % 25 % 25 % At!. Gulf.... 21% 10 17 21% In. M. M. pf. 33 Vs 30 31 33% United Frt. . . 108 165% 160 108 Foods— Am. Sugar... 75 73% 73% 76V* Austin Nich.. 20% 25% 25% 20 Oorn Pr0d...128% 126 128 128 Cub. C. S.pf. 51 48% 50% 60% Cub Am. Sg 30% 20% 30% 30% Punta Alegre 60 57 % 59 % 69 Tobaccos— Am. Sumatra 26% 27 Am. Tob. C 0.150%.150% 147% 147% 150% Tob. Prod... 80% 80% 90% 80

CURB STOCKS RECEIVE SEVERE AFTERNOON JOLT .Market Gives Way, In Sympathy With Exchange’s Setback. B)j I'nitrd I innncial NEW YORK, May 4.—Higher priced oils and a number of industrials suffered another setback on the curb today. Durant also succumbed to the bear pressure. The market held well in the early trading, but gave way in sympathy With the drastic shake-out on the big board in the noon dealings. Lower priced oils acted well. Mining Issues were slightly easier. Durant dropped from the opening of 61% to 48Dubller Condensor opened at 10% and dropped to 8. later recovering to S%. Imperial Oil lost 2 points at 103. standard of Indiana moved within a narrow range, losing % at BOI*. 1 *. Business News LOS ANGELES. May 4.—lmportant oil companies in the new Flush Oil districts of southern California have agreed to cut down production 30 per ,-ent They say the cut is occasion,*! by Inability of pipe lines, tank steamers and railroads to handle the heavy production. YOUNGSTOWN —An actual pip* shortage is deolanrd to exist Producers are sold ahead for ninety days and maintain they eould fill their books for the next six months if they cared to Demand continues activs for all grade- of finished steel exoepting black sheets. CHATTANOOGA—Dire,-tors of the Nashville Chattanooga A Tennessee Railroad authorized a $3 750.000 Improvement program for 1923. of which $1,225,900 will be spent for track and plant improvements NEW YORK—Dow Jones A Co.’s average of eight important Iron and ste-el prndu.-ts, ba-s-d on Iron Age quotations, declined for the week to stil 02 a gross ton I.aot week the average was $Bl 30. TOLEDO—Ons of the director* of the Bes-eh Nut Packing Company is authority for the stsfe-ment that the company earned $250,000 net In the first quarter from randy sale* alone With the big season still ahead, he predicted that net revenue from candy alone would bo more than $1,000,000 for the year. Indianapolis Stocks —May 4 Bid. Ask Am Central lase 200 ... Am Cresisotfng Cos pfd 98 ... Adv Rumely Cos ,-om ... Adv Rumely Cos pfd ... Belt R R com 00% 71 Belt R R pfd 53 Century Bldg On pfd 98 ... Cities Serviee com 159 102 Cities Service C opfd 88 89 % Ctttzens Gas Cos com 25% 27 Citizens Gas Cos pfd 99 ... Dodge Mfg Cos pfd ... Ind Hotel com 100 ... Ind Hotel pfd 100 . . . Ind Nat Life Ins Cos 7 ... Ind Pipe Line Cos 90% 99% Ind Title Guaranty Cos 70 80 Indpls Abattoir pfd 45 60 Indpls Oas 51 53% Indpls A Northw-estem pfd . . . 40 . . Indpls A Southwestern pfd. . . 00 Indpls St Ry 05% 07% Indpls Telephone Cos ,-om ... t ... Indpls Telephone Cos pfd . . 90 .. , Indpls Water Cos 102 % 103 % Me.r Pub Cos pfd 84 ... Nat Motor Car Cos 1 3 Rauh Fertilizer pfd 50 . Standard Oil Cos of Ind 59% 61 Sterling Firo Ins Cos 8 V* ... T H I A E com 3 0 T H I A K pfd M 15% T H Tr A Lt Cos pfd 93 90% Unton Trac of Ind com 3 5 Union Tr of Ind let pfd. . . 34 44 Union Tr oi Ind 2d pfd .... 7% 9% Van Camp Prod Ist pfd. .. . 97% 100 Van Camp Prod 2d pfd 99 Vandalta Coal Cos com 2% 5 Vandalla Coal Cos pfo 14% ... Wabash Ry Cos com 8 % ... Wabash Ry Cos pfd 27 29 ■lends Belt RRA S Y 4e. Mar ’39. 81 % ... Broad Ripple ss. July, 43... 00% 70 Citizens Gas 6s. July. ’43.... 85% 88% Citizens Gas 7s. serial 100% ... Cit St R R ss. May. ’33.... 84 87 Ind Coke A Gas 6s 92 95 Ind Hotel ss. July. ’3l 92 ... Ind Hole! Cos 2d os. drawablo.loo ... Ind North ss. Oct.. 83 42 % ... Ind R R A Lt ss. Jan , ’43. . . 90 94 Ind UTr ss, July, 33 44 Vi ... Indpls Ab Cos 7%5. Sept.. ’31.100% 103 Ind Col A So 6s. Feb.. 48 97 100 Indpls Gas ss, Oct., ’42 80 88% Indpls Lt A Ht ss. April. ’4O. 94 95 Indpls A Mart ss, Jan., ’32. . . 61 \ 04 Indpls North, ss. July. ’32... 53% 57 Indpls A N W ss. Mar., ’32. . . 53% 65% Indpls A S K 6s 40 . . . Indpls Shelbyville A 3 E ss. . 52 57 Indpls 81 Ry 4s 04% 67 Indpls Tr Sc Term ss. Jan., 88 88 90 Indpls U R R ss. Jan.. ’65. ... 95 ... Indpls U R R 4%5. May. 20. . 9 Indpls Water ss. July. ’36. ... 99% 100 Indpls Water 4%5, Jan . ’4O. . 85 88 Kokomo MAW ss. July. ’38.104% 105 60 Ind Power os. Jan.. ’3l. . . .101 ... T H I A E os, April. ’45.... 71 74 U Tr of Ind os. 32 71 IS 10 shares Indpls Water pfd at ....... .103 10 shares Union Traction 00m at 4 SIO,OOO Indpls Water sVis at 99V* In the Cotton Market By United Financial NEW YORK. May 4.—Cotton opened higher. May, 27.05. up 12: July. 26.73, up 5: October, 23 85. up 7: December, 23.35. unchanged; January, 23.10, up 1; March. 23.03, up 2. Dressed Beef Prices Wholesale soiling prices of dressed beef. Swift A Cos.; Ribs—No. 2. 18c; No. 8,14 c. Loins—No. 2. 24c; No. 3.20 c. Rounds — No. 2. 17c; No, 3,14 c. Chucks—No. 2.. 12c; No. 3,10 c. Plates—No. 2,8 c; No. 3,7 c. Cloverseed Market Clovrree<l was quoted $7 ft 10 a tni in Indianapolis today. Legion Post Plans Smoker. Invitations have been sent, to members of St. Mihiel-Loer Post No. 148, American Legion, to attend a smoker and entertainment in the palm room at the Claypool at 8 p. m. tonight. Smokes, music and a "Uttle magic" I is promised.

THE INDIANAPOLIS TIMES

HOGS ARE STEADY IN LOCAL TRADE Bulk Sells at Flat Price of $8,25 —Large Receipts, , Uog Prices Day by Day April 250-200 lbs. 200-225 lbs. 150-180 lbs. 28 8.25@ 8.30 8.30® 8.35 8.35® 8.40 80. 8.40® 8.45 8.45® 8.50 8.50® 8.55 May 1. 8.30® 8.35 8.35® 8.40 8.40® 8.50 2. 8.35® 840 8.40® 8.45 8.50® 8.55 3. 8.20® 8.25 8.20® 8.25 8.25® 8.30 4. 8.20® 8.25 8.20® 8.25 8.25® 8.30 An active shipping demand coupled with a fair local packing demand held hog prices steady In trading at the local livestock exchange today despite heavy week-end receipts of B,CO, including 726 holdovers. The market was generally a one-price affair with the bulk of the hogs selling at $8.25. Lights sold up to $8.30 and heavies up from $8.20. A few sales In the early trading were a shade lower at $8.20. Sows and pigs were firm. The cattle market was active and steady with a good demand in evidence. Choice steers were in demand and butcher stock moved well. Receipts 800. The calf market was a trifle stronger than on Thursday though the price range remained practically unchanged. More veals brought the top of $10.50 than on previous trading, while the bulk moved from $9 to $lO. Receipts 700. The sheep and lamb market was active with spring lambs selling steady at a top of sl7 while light sheep were steady and heavy sheep off a half dollar. —ll oss — 150 to 200 lbs . . $ 8 25ft 8.80 Medium 825 Heavy * * • 8.20 ft 8.20 Top 8 30 Piffs 0.75 ft 7.25 Pftcktnr sows 5.75 ft 0.25 —Cuttle*— FVw choice pfeera ... $ 8.75 ft P 25 Prime oom-ft'd Moors, 1,000 to 1.300 lbs 8.50 ft 0.00 Good to choice Btecrs. 1.0(K) to 1.300 lbs 8.00 ft 8.50 Got and to chokre Btecrs. 1.000 to I. Ihs 7 00ft 775 Good to choice steers. 1.000 to i 700 Ibe 7 25 Common to medium ateers. SOO to 1.000 lbs 5.75 ft 075 —Cows and Heifer*— Choice light heifers . .$ 8 00ft POO Good light heifers 7.00 ft 8.75 Medium heifers 0 00 ft 7.25 Common heifers ... 5.00 ft 0.00 Good to choice butcher bulls 4 00ft 4 25 Fair cows 4 00ft 5.00 Cutters 2.75 ft 3.25 Can tiers 2 25ft 2.50 —Hulls— Fancy butcher bulls . . $ 5 00ft 5.50 Good to choD-e butcher bulls 400 ft 125 Bo I Oku a bulls 3.75 ft 4.50 —Culvc*— Choice v€*als > 0 50 ft 10 50 Gc\od veals POO ft PSO Medium veals 8.00 ft P 00 Lightweight veals 7 50ft 800 Heavyweight veals 7 00ft 7.50 Common heavies B.ooft 7.00 Top 10.50 —Sheep and lambs Culls > 2.25 ft 325 Good to choice ewet* 5.00 ft 8.50 Few choioe lambs J 5.00 ft 17.00 Heavy lambs P’OtiyliOO Cull lambs . P 00 Bucks 3 00 Other Livestock CHICAGO. May 4 Hog*—Receipt*. 30. 000. market slow, steady to 100 lower tig p.o kers holding b.o-k; lop 85.20; bulk 180 to 225 pound averages $K IP u 8 20. 240 to 325 pound butchers. $7 80 ft 6 05. packing howh. £0 50 ft 8 75; pigs. ](lft 25c lowtr de sirable 10 to 1.30-pound averages. ?8.75ft 7 3flr. Cattle—Receipt*. 3.000: market, beef steer*, butch' rn. stock, steady to strong, wtih Thursday h decline, sputa higher, top steers. $0.75; tx**t long yearlings *0.05 bulk beet steers $8.0ft950. bulls, slow , weak; other classes generally steady bulk vealors. top packers. $N 50 ft 0 Sheetße ecipts, 7.000, maiklct. lambs. steady to Btrong: top, woo led iambs, 915 35 shorn lambv sl2 85; average 87 pounds scarce, sheep very scarce, undertone weak. EAST BUFFALO. May 4—Cattle—Re ccipts. 250: market, slow and steady ship plug steers, *8 sOftMso butcher grades. S7ftß 23 eowH. $2.25 ft, 7 Calve*—Re eeipts, 3,000: market, active and steady; culls to choice. s3ftll Sheep and lamb*— Receipts. 1,000 market, active and higher: choice lambs. &15 ft. 15.00. cull to ohonre. $9 ft 14 50. yearlings. $8 ft 11 , sheep. $3 ft 025 clipped lambs, 98ft 13 25 Hogs— R**eipts. 0.800 market, active and lower, yorkera. sßftH.Bs; uigs, 97.75 ft 8 mixed. 98.75, heavies, sßftß 00 roughs, >8448 50. stags, 94 ft 5. CLEVELAND, May 4—Hosjs—Receipts, 4.000. market, steady 10c higher yorkers. 98.00; mixed. $8 50. medium, $8.30: i-igs. $7.50; roughs. $8 s<i stags. $4.50. Cattle— ReeHpts. 250 markjg, steady good to 'choice bulls, $5.50<■•8.50 good to hnieo ftteers. $8 ft. 0; good t< <-hoh*o heifers, $8 50 ft 7.50: good to choice *ows. $5.30 ft 8.50 lair to good cows. $4 ft 5.30: common cows. $2 75 ft 3.50. milkers. S4O ft 75 Sheep and lambs —Receipts, 1.300; market, steady, top. $12.50. Calves—Receipts. 400 market, steady; top. $10.50 EAST ST. LOUIS. May 4—Cattle—Re ceipte. 500; market, steady native beef steers. $7.75: cows. ss.soft 8.50; canners ami cutters. J* 2.50 ft 3.550; cub es, so,soft 10. Hogs—Receipts. 11.000; market, steady: heavy. $7.85 ft 8.15; medium. $8 ft 8 25; lights. $8ft;8.25; light lights, s7ft 8.20: packing sows. $B.l 5 ft. 0.50; ?lgs. sf#.7sftß bulk. Sheep—Receipts. 300; market steady; ewes. $8 75 ft 0 canners and cutters. $2.50ft8.50, wool lambs. $1 3ft 15. PITTSBURGH. May 4.—Cattle—Receipts light; market- steady; choice. so.soft 10 good, $8.85 ft 0.15; fair. $7 ft 7.15 ; \ •*! calves. slo.soft 11 Sheep and lambs —lie eeipts. light; market, steady: prime wethers, s7.Ksftß; good. $7.25 ft 7.73: fair mixed. sßft 7; lambs, .$1 1 75ft 12.25. Hogs—Receipts, 20 dd market, steady, primo heavy. $8 30 (it: 8.50: mediums. $8.75ftR.85; heavy yorkers, sß.7sft 8.85; light yorkers, sß ui 8 50; pics. $7.25ft 7.40; roughs. sßftß 50; stags. $4 ft 4.50 Building Permits Pertdrmsn Bros., dwelling, 4042 E. Twenty First, $2,000. Peterman Bros., dwellinsr. 1 1 ’!* N Bosart. $"000. Ida Richter, carafe, 838 Greer. $3,000. 7. W. Gerrade, traraco, 3817 E. Washington, $475. R. C. Fox, Karaite, 3942 N Pennsylvania; $485. A. Grelshaber, trarate, 2527 N. Illinois, S4OO. Morris Schwartz, Barae, 928 Beilefontaine, SO4B Eiavina Stannard, repairs. 944 Lexington, $570. E. H. Schafer, shed. 322 N. Randolph, S2OO. Lotiis Manship, dwelling, 0655 Ferguson. $3,100. N. C. Hahn, addition. 244 Villa. S2BO, Walter Gates, garage, 1.125 W. ThirtySecond. S2OO F M. Griffith, dwelling. 557 Udell. $350. Link Belt Company, repair, elevator, Belmont and Big Four railway. $750. Joseph Heath, garage. 852 N. Qray. $284. Marlon County Realty Company, dwelling. 1353 N. Olney, $3,500. H. F. Roempke. repairs. 1031 Prospect. S3OO. D E. Nowall, repairs. 344 S. Hamilton, SSOO. K. of P. Lodge No. 254, repairs, 521 N Bellviow. $2,424. A B. Carlin, repairs. 209 W. Washington, $1 800. Mary Pearce, reroof. 3101 N. Illinois, S2OO. George Schneider reroof. 1003 Park, $250. E. F. Pulver, garage. 112 Johnson. $275. Joseph R. Morgan, reroof. 2641 Northwestern. $250. Louise Duck, building. 834 Ft Wayne, $3,300. William Rush, dwelling. 3918 Carrollton. $7,600 Charles Colburn, garage. 408 W. TwentySixth. $216. Minnie E. Leonard, addition. 2054 Cornell. $370. W. B. Wood, dwelling, 702 N. Wallace. $5,000 E W. Rogers, garage, 139 W. TwentyEighth, $450 J. C. 6ehaub, garage, 909 Coffey. $250. American Estate Company, dwelling. 3070 N. Delaware. $12,000. G. R. Creasey, dwelling. 2749 Napoleon. $3,005. Fred W T . Jenkins, dwelling. 25 Meridian PL, $12,000. Fred W Jenkins, dwelling, 25 Meridian PL. $12,000. Dain W Le Gore, dwelling. 610 W. FortyFirst. 2,700. Everett M. Schofield, dwelling, 169 W. Forty-Fourth. $8.5011. S. Talkington, garage, 2339 Hoyt, S3OO.

Meetings Here Saturday State History Teachers’ Association. Convention, Severin . Carson Pirre Scott & Cos. Convention, Severin. Theta Xi. Meeting and dinner, Lincoln. Alpha Omicron Pi. Luncheondance, Lincoln. Kappa Kappa Sigma. Meeting 2 p. m. Dinner, dance, Lincoln. Knights of Columbus. Dance, Claypool. ■ University of Chicago Club. Luncheon, Spink-Arms. Sigma Alpha Club. Luncheon, Lincoln. Sigma Alpha Epsilon. Luncheon, seventh floor, C. of C. Altrusa Club. Luncheon, Lincoln. Beta. Luncheon, Board of Trade.

FLIERS TEEL HOW THEY MADE TRIP (Continued From Page 1) than 400 feet off the ground. The motor was not functioning properly. In this condition they passed over Coney Island, skirted Manhattan with the brittle of skyscrapers and voyaged westward above New Jersey. “We could not ascertain why we were unable to get the full horsepower out of our engine at the takeoff.” said Kelly. “In New Jersey the voltage regulator cut out on us. We repaired lt In flight.’’ Ileyond Jefferson City, Mo., Kelly and Macßeady groped their way through darkness, boring steadily south westward through the unchaj-ted airlands. Reering down, they saw nothing but a black void. “There were no lights to guide us," said Kelly, "except occasionally the light of a train.” For a long time, he said, they did not know where they were. Then, with the coming or dawn, they looked earthward eagerly for some land mark. Beneath was a town and near lt a large circle and a graveyard—Tucumcarl. New Mexico. Knew Circle and Graveyard “We knew lt w;is Tucumcari liecause of that circle near the grave yard," said Kelly. "We certainly were glad to see that town because we knew then we were still on our course.” Forging westward from Tucumcari they began crossing a dead and forbidding territory, the desert, where a forced descent probably would have meant death by thirst and starvation, miles from a habitation. There were no roads and not a human being as far as they could see in ©very direction—just vast dry lakes, dry river beds, dry marshes. "I was much impressed by the acres and acres of waste land," said Kelly. In eastern Arizona they reached their highest altitude. 10,500 feet. They had to climb to clear the high plateaus. At the same time they encountered a head wind. "These plateaus,” according to Mac Ready, who was driving when they were reached, "were much higher than I had any Idea they would be We couldn't get over them. For 100 miles we had to follow a ridge between them In order to cross.” Marriage Licenses Kenneth Haskett. 22. 1.112 T Andes Sophranlp Dver. 23, 7045 Yamirs A. .1 Pler<-\ M 2. 1202 W. Market. Hopkins. M 4. 2108 Fountain K \V Murphey. 2M H R D. Box 253; Marcia Orm 22. U R I) . Box 280 C K KitrpM 24 4508 Hillside; Lannia Soots 25, 417 Goodlot J H Johnson. 22. 8340 Indianapolis Xinla Gieyer. 20 730 Drake. B. A Elea. 44. Wlnamac, Ind.; Grace Kskcw, 37. 842 N Keystone Births Girls James and Blanche Drvcny. 005 Chadwick. Joseph and Gladys M.-Loyd 1225 Maderla. Dallas and Pearl Kleppcr, 2438 N. Arsenal . Paul and Hose Love. 1803 Dexter Charles and Ellen Shinkle. 274 N Holmes. William and Gertrude Phillips. 333 Patterson. Harry and Dora Morgan, 5012 College. John and Nora Barker. Long Hospital. Oscar and Hazel Hughes. 4141 Spring. Kay and Flossie Siebert, Long Hospital. Orville and Gladys Rybordt, 181*5 E 44th. Charles and Opha Crocker, 505 S. llolmos. Boys Ralph and Anna Dean. 1414 E Market. Georg'- and Fern Mears. 432 Arnolds Joseph and Della Campbell, 517 Brown. August and Thelma Bennet. 2053 Highland Place. Bernard and Mollie Young. 2850 Sohriver. Rerton and Bertha Williams. 2418 W. Ray. Lee and Ruth Bloomenstock. 514 S. Warman. * Jam*"-/and Wilma Mott. 2311 Shelby. Twins Herman and Lula Tioman. Long hospital, boys. Deaths Flora Thompkins. 18. 830 Darnell. r>ulmonary tuberculosis John H. Masters. 76. 3716 Kenwood, acute injneaniitiw. Rose Williams. "5, St. Vincent Hospital, puerperal eclampsia Rawena F. Martin. 82, 613 N. Denny, chronic myocarditis. Philip Hurt, t.3, Methodist Hospital, tubeeulous meniyitls. George VV. Waters. 79, 1831 Hoyt, uremia. Fred Sehlotz. 55, city hospital, acute parenchymatous nephritis. SHKI jKYVILLE—Epworth I,cogue organizations of the western half of Con tiers ville district, met at the Waldron M. E. Church, south of here. There were 150 delegates. JONESBORO Thirteen students were graduated from high school. Orville Clark, whose name was the thirteenth on the list, was ill and unable to attend commencement exercises. played

FAVORABLE FARM CONDITIONS EXIST Bryant Reports Agricultural Work Progressing, Conditions favorable to farm work have existed for the last two weeks and spring plowing throughout Indiana is progressing in satisfactory manner, George C. Bryant, agricultural statistician, says in his bi-weekly re- '■ port made public today. Growth of winter wheat and rye \ has started and oats and barley seeding has been completed, the report shows. Considerable clover was killed during the winter, but timothy fields aie looking good and pastures are beginning to furnish some feed, Bryant states. Early potatoes and truck crops are being planted under favorable conditions and fruit trees are beginning to bloom. Livestock is reported in good condition. Quite a number of farms will not be worked during the season, due to an acute shortage of farm labor. Fire Loss $1,500 By Times Special SANBORN. Ind., May 4. —Loss to the postoffice and a barber shop operated by Groves Brewer, which were destroyed by fire Thursday, is estimated at $1,500 by August Begeman, owner of the buildings. Cause of the (ire was not determined. Soviet Executes Eleven. By I nited Press MOSCOW. May 4. —Eleven persons convicted of bribery in connection with functions of soviet housing departments were executed Wednesday night. AMUSEMENTS MURAT —TONIGHT, 8:30 I Tomorrow Matinee and Night I THE STUART WALKER CO. j In Clare Kummrr’H 3-Art. Comedy ROLLO’S WILD OAT LSmMin K>*rvationfl Now at Theater, g Srat* Alno at Merchant* Meat & Light. I Next U>4-k —Mr l*im By 8

ENGLISH’S^ ALL WEEK GRAND PLAYERS IN ‘Up in ICbsl's Room’ A Thousand Laughs Matinee Saturday, 25, 35, 50c Each night 25, 50, 75c 300 Reserved Seats at 25c Next Week, "The Goldfish”

f KEITH’S “SAY IT WITH MUSIC” Henry Santrey ANI> HIS FAMOUS SYMPHONIC ORCHESTRA HARRY & ANNA SEYMOUR Hrwzy Bit* of Mirth and Melody CARTMELL & HARRIS Three Episodes HARRY-DU FOR-DENIS The Dancing Ideal* HOWARD & LEWIS I’rp and Fernonallty RIALTO & LA MONT Eccentric < emtqne* EMMA FRABELL & BRO. Original Wire Ilsnners Pathe News —Topics—Fables

AMUSEMENTS

PALACE

NOW FRANKIE KELSEY “brazil'ian'heiress” WITH J\< K O’M Mi ky ERNEST and NELLIE VERONICA Sfahor Knock About • DOUGAL and LEARY Mutilo and Smiles JIM and FLO BOGARD Plenty of Fun CLAYTON and LENNIE Ukable Folk* ‘‘NIOBE” mvuLi Merinald Marvel PHOTOPLAY DOROTHY PHILLIPS IN The World's a Stage Continuous—l:oo to 11:00 P. M.

MOTION PICTURES

Surpasses All Previous Successes NORMA TALMADGE In the Great Stage Play, “WITHIN THE LAW” Request Overture "POMP and CIRCUMSTANCE" MODEST ALTSCHULER Musical Director Circle Cartoon Comedy Organ Solo--"Sniilin’ Through’’ Wiil rer Flandorf Coming Sunday Thos. H. luce’s Production "WHAT A WIPE LEARNED"

RESTAURANT PROPRIETOR STARTS PRISON TERM Cincinnati Man Pleads Guilty to HoldUp in St. Louis. By United Press ST. LOUIS, May 4.—Eugene Rerny, alias Frank Berg, Cincinnati restaurant proprietor, started serving a three-year penitentiary sentence today. Remy pleaded guilty s o complicity in the hold-up of the North St. Louis Trust Company in 1921 after declaring the bandit gang double-crossed him. giving him only J7OO of the loot. He had been hunted by police for eighteen months. EX-SERVICE MAN IS DEAD Itex B. Wood Will Be Buried in Stilesville, Ind. Rex B. Wood, 35. an ex-service man who had suffered ill health since his

For Economical Transportation SBbhI . Nothing To Buy But the License With a Service That Satisfies Our sincere advice is for you to place your order with the Stone Chevrolet Company NOW to avoid disappointment 1 Delivery Today On Most Models Small Payment Down Balance in 12 or 16 Months Stone Chevrolet Cos. 427 N. Meridian St. RI ley 1050 OPEN EVENINGS AND SUNDAY

Citizens Special Prices We offer some very unusual prices on auto supplies of the highest grade made or sold. It is not price alone that counts. Goods must have merit as well as be sold at a reasonable price to show economy. We sell the highest grade tires and auto supplies made or sold.

—LONGWEAR CORDS— Guaranteed 8,000 Miles 30x31% CfA 32x4 N. S. <£l7 Cords” jy.OU Cord Ml. I O 31x4 N. S., (fi / r 33x4 X. S. (f-j qnf s.s Slb.Zb cord Mo.ZS 34x41/2 N. S. Ann Cord (Sizes not listed sold in proportion) A Norwalk Tube will be given "gratis” with every casing sold st above prices Saturday only. UNITED STATES SALES AND SERVICE STATION SATURDAY SPECIALS Goods Listed Below Are Special For Friday and Saturday Only Special Luggage Carrier Will fold up and can be * mmS VVf \ 8 w carried In tool box. f | 9 , Extra special X J Reg. Price. Special Price. $3.50 Rain and Sun Visor $2.65 50c Everloc Patching 25£ SI.OO A. C. Titan 59£ SI.OO Anchor Giant. Extra $1.25 A. C., 2-piece, heavy. Oilproof. carbon proof 64£ Only 40£ DENHAM’S OIL—PENN A—CRUDE BASE Taraflne Base, Highest Fire Test and Best Lubricating Oil Sold. 1-Gallon cans SI.OO 5-Gallon cans • $3.95 (Deposit On Cans) Simonize Polish 45< Simonize Kleener ...... 45< Both Cans, 80< Slzm Nos Uxted Sold In Proportion. MaJl Order# Prrp*id. OPEN SATURDAY EVENING TILL 9 O’CLOCK ( hanulng and Mounting Free. Special Prices on Auto Supplies “QUALITY CONSIDERED, WE SELL IT FOR EESS” CITIZENS AUTO SUPPLY CO. Now Located 126-128 E. New York St.

FRIDAY, MAY 4,1923

discharge from the Army at the end of the war, died Thursday at the home of his parents, Mr. and Mrs. Andrew Wood, 136 S. Collier St. Wood, who was born in Putnam County. Ind., will be buried at Stile - ville, Ind., following services at the Third Christian Church, Seventeenth St., and Broadway, at 1 p. m. Sunday - * Falls Two Stories By Times Special HAMMOND, Ind., May 4.—Mrs. Mary Petras. 45, suffered a broken back and a fractured skull when she lost her balance while cleaning windows. She 'ell two stories.

Arctic Ice Cream Freezers 2 -quart 92.98 4-quart - $3.98 Screen Wire, Screen Door*. Poultry Netting, All Sires. r| . , , HARDWARE rleiscnmann s 515 w. wash. st.

India Cord TIRES Cords Guaranteed 10,000 Miles. We offer below some of the most unusual Cord Tire values given in the State of Indiana. We are not interested in how lowin price we can sell tires, but how much SERVICE, you can obtain from them. NON-SKID SPECIAL OVERSIZE Size. List Price. Spec. Price. 30x34 0. S. ..$19.60 $15.25 3213 Vi 26.30 19.95 31x4 30.95 24.50 32x4 34.15 26.95 33x4 35.10 27.75 34x4 • 36.30 28.75 Sizes not listed sold in proportion. NORWALK'S "Leto" Cord with Cords Guaranteed 10.000 Miles GILLETTE TIRES Guaranteed 6 000 Miles 30x314 N. S. nr Fabric