Indianapolis Times, Volume 35, Number 2, Indianapolis, Marion County, 14 May 1923 — Page 11

MONDAY. MAY 14. 1923

STOCKS EVIDENCE , ABILITY TO MOVE STEADILY FORWARD Accumulation of Buying Orers Over Week-end Indicates Bullish Interest. CRUDE OIL CUTS IGNORED Steel Gives Demonstration of Quiet Strength and Other Issues Follow. The WALL STREET JOURNAL NEW YORK. May 14 —Nothing happened over the week-end to change the domestic business situation and stocks in today’s initial dealings continued tinder the influence of the market’s international position. Accumulation of buying orders indicated important interests considered the break of last week had been overdone and prices in the general list started at higher levels. First Hour ft Announcement of a further reduction in Pennsylvania crude found the market in technical shape to ignore the cut and prices continued to rally throughout the first hour with American Can and California Pete heading the procession. Steel also showed signs of breaking away from the heaviness that has characterized the whole group and the general list gave unmistakable evidence of a better tone. Second Hour Bearish professionals renewed their attacks on the general list when the market showed a tendency to turn dull on the recovery in the late morning. Interests that believe the current lull in business is merely a temporary pause, took a passive attitude with regard to the stock market, content to accumulate their lines on the recessions. This disposition favored the cause of operators bearish for the long pull. Non Hour Resumption of pressure on issues like Baldwin, Studebaker and Steel arrested the rally in other sections of the list and gave the whole market a heavy tone at noon. An observing floor broker remarked that 90 per cent of the. room operators were bearish. “Half of that total,’’ he said, “believed the mdrket will turn definitely downward and 50 per cent are bearish for a short pull. Frankly I do not believe the short interests has been so large In years.”

Fourth Hour A For the first time in recent weeks, Bstocks turned duller on the reaction than they had been on preceding rallies. This evidence of a sold out condition created uneasiness among shorts and covering operations were started or. an, active scale when the market went dead on the noon drive. By 2 o'clock Steel common had recovered 114 to 98% arid proportionate gains were scored by other speculative leaders. (losing Hour Dealings in the closing hour served more fully to accentuate the failure of professional operatohs to force recessions among leaders and a continuance of the short-covering operations of traders quick to sense the change in the market’s trend helped materially to send prices of many of the favorites bac kto their former levels. Foreign Exchange By * nitrd Financial NEW YORK. May It. —Foreign exchange closed steady Sterling, demand, $4.62%. -Francs, demand. 0.63 c. Eire, demand, 4 90%e. Belgian. demand. .>.72 %*• Marks. 44,344 to the dollar Czeeho. demand, 2.37. Swiss demand 18.02. Guilders demand 33.03. Pesetas demand, 15.21 c. Swede, demand, 26.59 c. Norway, demand. 16.40 c. Denmark, demand. 18.75 c.

Produce Markets

CLEVELAND, May 14.—Butter —Extra in tuba. 46®4Sc; prints. 47®451e; firsts, 45®47c: packing “lock, 32Yi @33Vc. Eggs , Fresh ga'hend northern extras, 30c: Ohio K ,ts, 25 *i ®2oc: western firsts, new eases. fancy fat 27c: roosters. 17'it 18c: light low:-. 23®25-: brokers. 50®65e. Potatoes —Michigan. 52.151t2 10 per 150 lbs.: New York. 52.30 per 150 lbs : early Ohio. 52® 2.45 per 120 lbs.: new stocks, $7.75it8 per barrel. CHICAGO. May 14.—Receipts! 10.700: creamery extra. 41 ’Ac; standards, 41c. firsts, aft’s ®4os-: seconds, 37® 30c Eggs—Receipts. 50.053: ordinary firsts. 22'jc: firsts, 24'ac. Cheese—Twins. 21 *i ®2l ‘2c: young Americas. 22c. Poultry—Receipts. 2 cars: fowls. 27< dicks, 20c; geese. 12c turkeys, 25c; roosters. 13 Fo- : broilers. 45® 48c. Potatoes —Receipts. 3.2$ cars: Wisconsin white sacked. >1.05®! 1.5: bulk. $1 0-: Minnesota Rfd River Oliios sacked. Sl® 1.10: Florida barn Is spauldmg rose No. 1. 57.50® 7.75: No. 2 5.25® 5.50; Ala sacked trlumps per hundred pounds, 55.50. NEW YORK, May 14—Flour—Dull and unchanged. Pork—Steady: mess. 527® 27.60. Lard—Steady: Middle West spot, 511.15® 11.25. Sugar—Raw dull: centrifugal, 00 test. 8.28 c: refined dull: granulated. 0.75®9.90c. Coffee—Rio No. 7 oil spot, ll’sfel-c. Tallow—Weak: special to extra. 7?s@Bc: city. 7 i - I c. Dressed poultry —-Filin: turkeys, 25®41 e: chickens. 18® 42c: fowls. 14®32c; ducks. 20® 27c. Live poultry —Firm: geese. 12® 14c ducks. 15 ®2sc; fowls. 20®30c. turkeys. 35c; broilers. 45® 00c, all via express Cheese— Steady; State whole milk, common to special. 20®20c State skims, common to specials. 10® 18c. flutter—Easier: receipts. 13,5107: creamery extra 43 Lc: special market. 43Vi@44'ic; State dairy tubs. 351 ® 43c Eggs—Weak, receipts. 21.927: nearby whites, fancy. 38® 41c: nearby State whites. 251 L ®3Bc: fresh firsts to extras. 27 *4 6 30c: Pacific coast. 32® 39c: western whiter 28® 38c; nearby browns, 31® 37c.

Dividends Today

NEW Y'ORK. May 14.—Dividends announced today include: Reo Motors—Extra cash dividend of 6 Ber cent, stock dividend of 10 per cent and quarterly 1 1 _ per cent, payable July 2 to stock of record May 31. J. I. Case Thrashing—Regular quarterly 5175 preferred dividend, payable July 1. stoek record Jure 11 Timken Detroit Axle—Regular quarterly preferred dividend of 1 % per cent, payable June 1. stoek of record May 27 Raw Sugar Market Hu United Finn tic 1 <if NEW YORK. May 14.—A local refiner bought a small lot of Cuban raw sugar at BVi cents cost and freight, an eighth of a oent lower than the last price. Raw sugar opened lower July. 8.13(80.17c: September, 6.2l@tJ,fi2c; December, 6.65® 5.06 c: March, 4.&<!i4.56c. '

New York Stocks (By Thomson & McKinnon.) —May 14—

Railroads— Prev. High. Low. 11:45. close. Atchison 99% 38% 99% 99 B & O 48 47 48 47% Can Pacific .154% 153 164 153% CRX &P. 28% 28% 28% 28# Del & Laeka.lls% 115% 115% ... Gt North pfd 71% ... 71 71 Lehigh Val. . 63 62% 63 03 L& N 90% ... 90 90 N Y Central. 93% 92% 93% 92% North Pac. . . 72 % ... 72 71 % Pennsy 44% 44 41% 44% Reading .... 74 73% 74 74 So Pacific... 88% 88 88% 88% St Paul pfd . 36 % ... 36 % 36 Vi StL & SW pfd 58% 57% 58% 58 Vi Union Pac ..135% 134'* 134% 134'* Wabash pfd. 28% 27 % 28 27% Rubbers— Goodrich Rub. 33 32 % 33 Keily-Spg.... 49 V* 47% 49 47% U. S. Rubber 52 % 51 52 % 51 % Equipments— Am. C. & Fd. 168 108 169% Am. Loco.. 134% 133% 134 133% Bald. Loco.. 126% 125% 125 Vi 125% Gen. Electric 173 V* 173 Lima Loco.. 06 % 65 65,% 65 Pullman ....118% .... 118% 119 West. Elec... 65% .... 34% 55% Steels— Bethlehem... 54 V* 53 % 54 53% Crueible .... 68 % 67 % 67 % 67 V* Gulf States.. 83 81 Vi 81% 82% Midvale .... 27 26% 27 26% R. Iron & S. 50% 49 49% 49% U. S. Steel. . 9S % 97 % 98 % 97 % Motors— Am. Bosch M. 39% 39% 39 Vi Chandler M. 62% 61% 62% 61% Gen. Motors.. 15% 15% 15% 15% Max. M. (A) 48% 47% 48 % 47 Max Mot 8.. 16% 16% 16% 16% Studebaker .112% 110% 112% 110% Stew-Warner . 85% 82% 85% 83% Timken 41 40% 40% 40% Minings— Tex G and S. 62% 61% 62% 61 Coppers— Amer Smelt.. 67% 57 57% 67% An iconda ... 46 45% 45% 46

GRAINS RECOVER MORNING LOSSES Afternoon Buying Causes Prices to Advance Sharply. By I'nitcd Financial CHICAGO, May 14.—Following the reaching of new low figures on the present down turn, buying developed on the Chicago Board of Trade and prices regained most of their early losses at the close. Oats however, continued dull. A sharp rally in wheat followed considerable buying which was participated in largely by previous sellers. The posting of the visible supply report also had its effect on influence. Carn demands were less urgent. Feeders’ needs were said to be amply supplied for the present. Lack of cash demand also caused a depression. Heavy liquidation in May oats effected the entire market. Despite a weakened grain market, provisions gained some ground with increased foreign buying. Chicago Grain Table —May 14— WHEAT— Prev Open. High Low. close Max. 116% 1.18 1.16 118 1.16% July. 1 15% 1.15% 1 13% 1 16% 1 14% Sept. 113% 1.14% 1 12% 1.13% 1.13% CORN— May. .78% 78% 77 .78% .78% July. .78', 78 % .77% 78% 78% Sept. 77% 78% .76% .78 .77% OATS — May. .43 .43 40% 41'* 42% July. 43% 43% 40% 42 43% Sept. .41% .42 39% 41 .41% I.ARD— Mav 10.62 10.70 10 57 10 70 10 55 July. 10.75 10 90 10.72 10.00 10.70 Sept. 11 00 11 17 11.00 11 17 10.92 RIBE•May. . 8.65 8.57 July.. 9.05 9.05 8.80 8.85 8.77 •Sept 905 9.00 RYE— May.. .74 .74% 73% .74% .74 July.. .76% .78 .76 V* .77% .78% •Nominal. CHICAGO. May 14—Primary receipts: Wheat. 845.000. against 1.364.000; com. 322.000. against 1,304.000; oats. 699.000, against 1 142.000 Shipments: Wheat. 687.000, against 783.000; corn. 1,052.000, against 1,175,000; oats. 491. 000, against 841.000. CHICAGO. May 14.—Car lot receipts Wheat 18. com. 22; oats. 60; rye. 2; bar-

Cash Grain

INDIANAPOLIS. May 14 —Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Through billed. No. 2 red. $1.24 % 1.20. Corn—Steady: No 3 white. 70®77c: No. 4 white, 75® 70o: No. 3 yellow, 75 % ® 76%0: No. 4 yellow, 74%®75%c, No. 3 mixed. 74%®75%c; No. 4 mixed. 73% ® 74 % c. Oats—Weak: No. 2 white, 41 %®42c; No, 3 white, 40% ®4l %c. Hay—Firm: No 1 timothy, sl9® 19.50: No 2 timothy. $18.50® 19: No. 1 light clover mixed. $17.50® 18: No. 1 clover hay. sl7® 17.50. —lnpeotione Wheat —No 2 red. 1 car: No 3 red, 2 cars; No. 2 mixed, 1 car; No. 3 mixed. I car . Total. 5 cars. Corn—No. 2 white. 17 cars: No. 3 white, 10 cars: No. 1 yellow. 1 car: No 2 yellow. 9 cars: No. 3 yellow. 2 cars: No. 1 mixed, 1 car. Total. 40 cars. Oats—No. 2 white, 13 cars No. 3 white, 8 cars; No. 4 white. 1 car; sample white. 1 car. Total. 23 cars. Hay—No 1 timothy. 1 car; No. 2 timothy, 1 car: No 1 clover mixed. 1 car. Total. 3 cars. Total re<-cipts for the d3y. 71 cars Grain prices quoted f. o. b. basis. 41 %c to New York. TOLEDO. May 14.—Wheat —Cash. $1.33® 1.34 Corn —Cash. 87® 89c Rye—Cash, 78 %c. Oats—Cash. 48 %®49 % c Barley— Cash. 72c Clo’-erseed—Cash. $11.25: October. sll 95; December. $11.65. Timothy— Cash and May. $3.80: August and September. S3 60: October, $3.55. Alsike —Cash, $lO 50 :August. October and De<-cmber. sll. Butter—4s ® 47c. Eggs—24® 25c. Hay—s2o® 22.

Grain Briefs

CHICAGO. May 14.—A large short interest has been treated in all grains as the result of heavy selling throughout the last week. Tho drought in the wheat belt east of the Mississippi w-as partly broken by weekend runs. If present growing wheat conditions prevail. a crop of 600.000,000 bushels of winter wheat is predicted by some experts, and this, together with 200,000,000 bushels of spring wheat, will be sufficient to meet domestic demands and create a good exportable surplus. Corn stocks in Chicago are expe-ted lo show a material decrease with heavy shipments to lake ports. Country arrivals continue light Farmers are busy with planting operations and show an unwillingness to seil corn at the present low prices. Local Hay Market Loose hay—sl9@2o: bales. $18®20: heavy mixed hay. slß® 19: light mixed hay. slß® 20 Corn—9o® Csc. Oats—so® 05c. Local Wagon Wheat Local mills are paying: $1.23 for No. 2 red wheat. Dressed Beef Prices Wholesale Felling prices of dressed beef. Swif* & Cos.: Ribs—No. 2. 18c; No. 8. 14c. Loins—No. 2. 24c; No. 3,30 c Rounds — No. 2. 17c; No. 3,14 c. Chucks—No. 2, 12c: No. 3.10 c. Plates—No. 2. 8c: No. Cloverseed Market Clovereeed was quoted s7® 10 * bu In Indianapolis today.

1:45 Prey. High. Low. and. m. close. Kennecott . . 38 37 % 38 38 Utah Copper. 67 ... 66% 67 Oils— Cal Petrol 92 % 90% 91 90 Cosden 46% 45% 45% 45% Houston Oil.. 53V* 52% 53% 53% MarUnd Oil . 46% 45% 46 46 Pan-Am Pete 72 69% 71% 69 Pan-A Pete B 67 65% 67 65% Pacific Oil. ..38 % 38 % 38 % 38 % Phillips Pete 52'% 51% 62 51% Pro and Ref 44% 43 % 44 % 43% Pure Oil ... 25% 25 25% 25% St Oil of Cal 53% 53 53% 62% S Oil of X.J. 37 V* 36% 37% 36% Sinclair 30% 30% 30% 30 Texas Cos 45% 45% 45% 45% Industrials—j Allied Chem. 66 Vi 65 66 65% I Adv. Rumely 13 13 Am. Can 93% 91 93 90% | Am. Ice 94% 94% 95 I Am. Woolen. 91 Vi 90 91% 91% Coca Cola . 75 % 75 % 75 % Comp. & Tab 74 % 74 % ' Cont. Can... 46% 45% 46% 40% • Gen. Asphalt 39% 39 39 Va 38% i Inter. Paper. 43 42% 43 42 ! Inter. Harv.. : 84 % 84 % Mont Ward 21% 21% j Nat. Enamel. 64 53% 64 63% I Owen Bottle. 43 . . 42% 42% Sears Roebk. 81 % 80% 81 % 81 Sterling Prod 59 59 U S Ind Aieo 57 55 % 56 % 55 % Woolworth ..233 227% 233 225 Am T and T. 122% 121 V, 121% 122% Con Gas .... 61% 61% 61% 61 Col Oils ....103% 102% 103 101% People's Gas. 89% 88% 89% 88% Shipping— Atlantic Gull 20% 19'* 19'% 19% In: M M pfd 32 % 31 % 32 % 30 % Com Prod ..132 129% 131% 119 V, Cu Cn Su pfd 54% 62% 53% 63% Cu-Arn Sue.. 33% 31% 32% 32% Punta Alegre 62% 61% 62% 01 Vi Tobacco s Am Tob Cos .147% 146% 146% 147 Tob Prod . . 80 79 % 79 % 79 %

CURB TRADING PROVES DULLEST IN MANY DAYS Strong I nder+one Maintained Despite Relative Inactivity. By I'nitcd Financial NEW YORK, May 14.—The curb market was an exceedingly tame affair today and in the late afternoon trading was the slowest in weeks. However, the market maintained a steady undertone despite the wholesale cuts In the price of crude oils In the various fields throughout the country. The only stock affected by news developments vva.B Reo. The market was so dull that conditions which ordinarily would have gone unnoticed stood out. Standard of New York gained >3 point to 3UVickies Service, which has dropped with previous crude cuts, held steady. Durant's earnings statement took the stock up a point to 47%. Indianapolis Stocks —May 14— Bid Ask. Am Central Life 200 ... Am Creosoting Cos ptd 95 ... Adv Rumely Cos coin ... Adv Kumeiy Cos pfd ... Bo’.t R R com 65 % ... Belt R R pfd 63 % Century Bldg Cos pfd 98 Cities Servi.ij com 159 163 CiUeo Service Cos ptd 68 69 l i Citizens Gas Cos com 25% 27 Citizens Oa- Cos pfd 99 ... Dodge Mfg Cos pfd ... In dllotei com .100 ... Ind Hotel pfd 100 Ind Sat Life Ins Cos 7 % Ind Pipe Line Cos . . 91 ... Ind Tit e Guaranty Cos 70 SO Ind pi Abattoir pfd 45 60 Indpls Ga- 61 62% Indpls & Northwestern pfd 40 ... Indpls & Southwestern pfd... 60 Indpls St R.v 65 70 IndpU Telephone Cos com .... 1 ... Indpl s Telephone Cos pfd 90 . . . Indpls Water Cos 102 104 Mer Pub Cos pfd 86 . . Nat Motor Car Cos ... Public Savings Ins 12 ... Rauh Fertilizer pfd 50 ... Standard Oil Cos of Ind 58% 61 Sterling Fire p - Cos B'* ... T H I Ac E com 3 6 THU E old . . 13% 15% T H Tv tk Id Cos pfd 93 96 Union Trac of Ind .-om 3 5 Union Tr of Ind Ist pfd 31 44 Union Tr of Ind 2d pfd 7% 8% Van Camp Prod Ist pfd 96 % 100 Vac Camp Prod 2d pfd 100 Vandalia Coal Cos com 2% 5 Van dal 11 Coal Cos pfd 14 17 Wabash Ry Cos com 8% 10 Wabash Ry Cos pfd 27 % 29 Bonds Belt R R A S Y 4s Mar., '39. 81 '4 Broad Ripple ss, '43 . 66 69% Citi’>llS <;.as ss, July. 43. . . . 85% 87 Cltlzens Gas 7s. serial 100 . . . Clt St R R ss, May. ’53.... 81 86% In dCoke A Gas 6s 90 94 Ind Hotel ss. Ju’y. '3l 92 Ind Hotel Cos 2d 6s, draw-able 100 . . . Ind North ss. Oct., 'B3 42 ... Ind R R & Lt Be. Jan . ’43. . . 89% 94 Ind UTr $. July. 33. ... 45% ■ Indpls Ab Cos 7% s. Sept , 31,100% 103 Ind Col *So 6s Feb.. -IS. . 97 100 Indpls Gas ss. Get.. '42 86 87 Indpls I.t & Ht ss, April '4O. 94% 95% Indpls A- Martinsville 6s .... 60 'll Indpls North ss. July. '32... 52% ... Indpls & N W ss. Mar , '32. . . 52% 56 Indpls A S E 5 40 Indpls Sheibyville At S E ss. . . 52% Indpls St Ry 4 63% 65 Indpls Tr A Term ss. Jan '32 86% 89 Indols U R R ss, Jan , 05. . . 95 . . Indpls UR R 4 %s. May '2O. 05% , Indpls Water ss. July, 36 . . 99 100 Indpls Water 4%5. Jan, '4O. 85 89 Kokomo M&W 5s July. '3B. lo t % 105 So Ind Power 6s, Jan . 31 . . .101 ... T H I Ac E ss. April. 45 70 73% U Tr of Ind 6s '32 71 74 % •isles 70 -hares of Tndpls Water pfd 103% In the Cotton Market By I nitrd l inaticial NEW YORK. May 14. —Cotton opened higher. May. 25.42. tip 16; July. 24 40, up 30; October. 2 60. up 15. MONTAGUE GLASS IN CRITICAL CONDITION Noted Author and Playwright Undergoes Serious Operation. By United Brens NEW YORK, May 14. —Montague Glass, the author and playwright, who was operated on last night for appendicitis at Roosevelt Hospital, was reported in a critical condition today. 27 ARE TO GRADUATE

Diplomat so Re Given St. John’s Studenfs Tuesday. The Rev. C. M. Bosler will present diplomas to twenty-seven graduates of the commercial department of St. John’s Academy at 8 p. m. Tuesday ftt St. Joseph’s Hall, North and Nolile Sts. Those receiving diplomas: I Genevieve Frann-s Stetzel. Elizabeth Helen Sullivan, Helen Marie O’Brien. Helen Cecelia Cook. Anna Elizabeth Norrri, Mary Margaret Thuer. Grace Miri*- Huse. Julia Mary Beatty, Mary Ague* Mulvlhill, Hazel Elizabeth Far ! age. Elizabeth Lucille Griffin. Ruth France* ! Smith, Mary Edith Staley. Mary Louise ! O'Donnell, Mary Angelina Kos, Anna i Frances Newmaster, Ella Louis Toner, Mar- : garet. Louise Hiltel, Mary Ruth Gibbs, Mary l Aug usta Vidmar. Vera Mary Lee. Catherine j Mario Hagan, Catherine Bernadette Murphy, Helen Monica O'Brien. Anna Mario Brewer, ] Catherine Cecelia Ford. Clara Marie McClain. HELP! COP IS VICTIM Policewoman Either Robbed or Loses Official Equipment. Mrs. Anna Brunei - , 842 Weghorst 9t.. a policewoman, telephoned po lice today that when she got off an ir.terurban car at Franklin Sunday she missed her purse, containing her police badge, a patrol box key, police street car tickets and S2O, She said the purse might have been lost.

THE INDIANAPOLIS TIMES

LIBERAL RECEIPTS SEND NOGS DOWN Prices Drop Generally 5 Cents in Local Trading, Hog Priccw Day by Day May 250-300 lbs. 200-225 lbs. 150-180 lbs. 8. B.o' 4f 805 8.054.1 810 B.lo® 8.15 9 7.11 I® 7.95 7.054/ 800 8.00 10. 8.0. ® 8.10 S.ltm 8.15 8.10(8 8.15 11 8.1(41. 815 8.15® 8.20 8.20'a 8.25 12. B.lt 8.15 8.15/3 8.20 14. 8.10 8.10 B.lo® 8.15 Liberal receipts and a slump in shipping orders caused hog prices to drop 5 cents in trading at the local livestock exchange today. Almost without exception the sales were made at SB.IO, though a few hogs managed to bring a nickel more. Little distinction between grades was made by buyers who bought whole strings at a flat price, regardless of weight. Sows and pigs held about steady. Receipts touched 8,500, including 626 layovers. The cattle market was active and steady with a good local and shipping demand in evidence from the opening. Os the 1,100 cattle marketed an unusually large number of steers were received. Brices for all grades showed firmness. The calf market opened strong and went 50 cents higher on a few sales at sl3. though tiie practical top was $12.50. The bulk sold from $11.50 to sl2. Receipts, 60u. The sheep and lamb market was ac tive and steady on receipts of 75. Spring lafnbs sold at sls and down and sheep at $6.50 and down. —Hogs—--150 to 200 lbs $ B.lo® 8.15 Medium 810 Heavy 8 10 Top 8.15 Pigs f 6.75 ® 7.25 j Packing sows 5.75® 6.25 —Cattle— Few choice steers 5 0,754810.25 Prime corn-fed steers, 1.000 to 1.300 lbs 9.26® 9.75 ; Good to choice steers, 1.000 to 1 300 lbs 8 75® 9.25 Good to choice steers. 1,000 to 1.200 lbs 8 00® 875 ! Good to choice steers. 1,000 to 1,700 lbs 7.50® 8 00 Common to medium steers, 800 to 1,000 lbs 7.25® 7 50 —Cows and Heifers— Choice light heifers $ 8 50® 9 50 Good light heifers 7 00® 8.75 Medium heifers 6.oft®-7.25 Common heifers 5.00® 600 Fair cows —m. , 4 00® 500 Cutters 2 75® 3.25 Canners 2.25® 2 50 —Bulls Fancy butcher bulls 5 5 00® 5 50 Good to choice butcher bulls 400 if 125 ilogna bul s 3.75® 4.50 Choice reals —<Wres j] 1 .50® 12.60 Good veals 10.00® 11 00 Medium veals 8 00$ 9.00 Llffhtweifrht vc*aU 7.?0A 8 00; Hoavyweight veals 7.00'$ 7 30 Common heavies 7.00 Top 13.00 —Rherp find I,amb*— Culls 5 2.2:>3 .3.55 1 Good to choiofl ww r 00 \i 6fo Few choice iamb* 12.00 / 7} I.*> 00 Heavy lamb# 10 00 ft 12 00 Culls lamb® 9.00 Other Livestock Bjy f'nited Financial CHICAGO. May IC—Hof#— R*r*ipts. 47.000; market opened steady to MmnK. spots do higher, later trading arourvl *tea<ly; top. 57 05 . bilk. IHO f d 210-lb n verar*-*. r 7 8r 700 22ft 325 1b bub hrrs. packing sows, SJ 2“> frj H 65 , bulk 110 'ft, 1 50lb piffa. $0 50427 25 Catt’o—--000; marked for stow. *t**ady to 10 0 lower ln-betwom owing do r.lino; killing quality plain; yearling’* numcr oua early ha lev mostly sß.7ft'<£ 9.A0: spring ling choice kinds held above $10; some btvivifM around $10.35. ahe stock a atrong to lOn higher thr*r ela**i*e sternly to atrorif Sheep—RcwdptM 9.000, market for fat lambs 25£{'40<? higher best 02-lb. Colo-; radon, sl6 2ft; choice 80^101-lb. clipped! l.iml'f* sl4 25: few to city butchers. sl4 10 j <5(14 45. California springers. sl7 aheep 1 steady to strong; handy weight fat ewe*. $7 7.50. KAST ST T/VCTS. May 14—Cattle—Re coipt*. .2500 market, steady; native beef steer**. $7.50<& 8.75; yearlings and heifer*, sß'<£ 8.00; eowa. $5.75<8 0 75: can n era and cutters. $2.75<®3 50; calvw. slKs9.ftO; i Stockers and feeder*. $7.40'<j£7.75 Hogs—, Receipts, 10.500: market, active. 10c higher; heavy. medium. $7 80<.in 10; lightH. $7.70h 8.10; light lifhta. $0 50(3 . 8.05; pfu klng hows. $0(36.15 ; pigs. ss.f>o %£ 7 75; bulk. $7. 8.05 Sheep-—R* <*'*ipts. 1.000: market, strong. 25c to 50e higtior; ewes. $5 500735. canners and cutters. (TjEVKIaAND, May 14—Hog*~ Rer*r*ipt* 7.000; rn.xkct 15c lower: Yorkers. $8 25; mixed, $8 25, medium. $8.25: pigs. VHi7. roughs. SO 25: ntiirs. $4,50. Cattle—Receipts 1.300: market steady: good to choi*n bails, $0 good to eh nice steers. $8 50ft9.25- good to choice heifers. $6.50 rtf 8 gof>d to choice cdwh. so't£ 7; fn:r to good **f>w's. 50 H common cows, $2.75 di 4 milkers, ceipts 1.350; market 50c higher top. sls. , Calves —Receipts. 1,300; market 50c lower; top. sl2 50. M’CRAY G. A. R. SPEAKER Wfvrans Will Open Enciinipmvnf Tuesiliiy at Muncle. Governor McCray will be principal speaker Tuesday at the opening of the Indiana encampment of the Grand Army of the Republic at Muncie. ’ Several hundred veterans from In dianapolis and surrounding cities will entrain here Tuesday morning for the throe-day session. Indianapolis delegates will leave at. • 9 a. m. on a Big Four train at the j L’nlon Station. Delegates from surrounding cities will take a train j at noon.

LAND BUY SEEMS CERTAIN Commissioners Clan On Site for Use As Colored Orphan’s Home. County commissioners inforally decided to ratify purchase of 7.16 acres of land at Twenty-Fifth St. and Keystone Ave. at a conference held today. Money to buy the land was appropriated by the county council. Leo K. Fesler, county auditor, urged tho selection of another site to the commissioners. The'land will beu sed as a site for the new colored orphan’s home. Owners have asked SI,OOO an acre. FINANCIAL COMPANY SUED Widow Names Fletrher-Ameriran as Defendant. Suit to collect $4,500 front the Fletcher-Amerioan Company was filed today by Mrs. Anna McClure In Circuit Court, charging that she no lenger has $3,800, her husband’s Insurance money, because the company, through an agent, persuaded her to sell gravel road bonds and then sold her fifty-seven shares of stock in the Midwest Engine Company. Goal Rate Hearing Set Petition of the Indiana State Chamber of Commerce and complaint against coal rates charged by the Baltimore & Ohio Railroad will be heard on Tuesday before Oscar Ratts of the public service commission. Ratts also will heaj - a similar complaint of the Ayrshire Coal Company against the Southern Railway.

Mothers and Babies Have Reunion

WawßßfflßifirafSpl' ?" WE fr -

IN OBSERVANCE OF NATIONAL HOSPITAL DAY THE DEACONESS HOSPITAL INVITED MOTHERS OF BABIES BORN IN THE INSTITUTION AND THE CHILDREN TO A REUNION. HERE ARE SOME WHO CAME; ■ LEFT TO RIGHT) FRONT ROW: LEROY KRATZ MRS. C. C. M’FARLAND MRS M E SASSOWER, MRS. GEORGE KRATZ, MRS. D. P. BOLES AND OLIVER BOLES. SECOND ROW: MRS C J, DEITZ. MRS. WILLIAM SMITH MRS. BARNHART. MASTER NICK MERIANOS IN THE ARMS OF ONE OF THE HOSPITAL NURSES, MRS. LEE CLIFFORD AND LEE CLIFFORD, JK TOP ROW MRS JAMES WHEATLEY AND MISS HUNT. NURSE.

School Marble Champs to Be Guests at Ringling Bros. Circus

The elephants are coming. Tiiis is good news for The Indianapolis Times sectional marble champs. Here’s why: The Times has arranged with the Ringllng Brothers and Barnum and Bailey circus, playing here June 4 to give two reserved seat tickets to each of the twelve sectional marble champs. The John Robinson circus will give a life puss to the champ who wins the National contest at Atlantic City in which the It,dianapolis winner will play. The picture shows I .owls Williams, 13, of 1020 X. Ha ugh St., who won one of the sectional contests Saturday and who is ready to play in the city games. Lewis goes to School No. .*.2. Nine sectional champs have won their way to the ciiy finals. Three more will be revealed in games next Saturday, which will wind up the preliminaries. salvation" army OPENS EUPmCN FOR IRE FUNDS Drive Started to Raise $225,000 in Indiana —Jackson Is Chairman. The Salvation Army today opened Its annual State-wide financial campaign. The budget culls for $225,000, including $194,000 for home service work, $70,000 for relief work; $20,000 for a fresh air camp. $6,000 for rescue work among girls, $15,000 f.r current payments on property, and SIO,OOO for administration. The campaign will he conducted only outside of Indianapolis, money being raised hype through the Community Chest. Kd Jackson is chairman of the .State advisory board, and Governor McCray, honorary chairman. Governor MeOruy rimed a message which said, in part; "It Is with genuine pleasure that I give my unqualified indorsement to the wonderful work being done by tho Salvation Army for humanity in general. 1 realize they are the medium through which many souls are saved from a life of shame and degradation. "A more worthy cause does not present itself to the people of the State, and I bespeak for them your most bounteous generosity.” HUGGINS LIKES TIGERS Thinks Cobb Needs Another Pitcher or Two. By I'nitcd Press DETROIT, May 14 —“Ty Cobb has a great team. He lias tho greatest hitting power in tho league, but I think he needs at least one more pitcher. My boys are the goods, and we aren’t hitting on all our cylinders yet,” Miller Huggins, manager of the Yankees, says. FUNERAL HOME TO OPEN Moore and Kirk Establish New Business. Opening of the new Moore-Kirk funeral home, 2530 Station St., will bo held Tuesday afternoon and night. The new funeral home, said to be one of the most complete in the city and is located in a recently remodled residence in the business section of Brightwood. The building includes a chapel, offices, work rooms, embalming department, and two casket exhibit rooms. There are also sleeping apartments for out-or-town guests. At the opening there will be music. Flowers will be given visitors. Coffins and burial robes will be exhibited. Linked With Auto Thefts Detectives today charged that Albert Wahls, 521 .V Liberty t>t., who was returned from Muncie, stole automobiles of Ben Hurley, Kokomo, and H. C. Alexander, R. R. R., Box 140. Detectives Irick and Giles said Wahls admitted leaving the Alexander car in Anderson. The Hurley car was found here May 9.

ssr " mm- cs *!► :ioy v r A 1 x -I ■sg 10 w j •.•Sfej.r’d LEWIS WILLIAMS BRITISH NOTE CAUSES DROP IN MARK VALUE Missive Declares German Reparation Prt>|K)sal Is Inadequate. By I nitrd Press LONDON, May 14 —German marks dropped to 121,000 to tho pound sterling on the London exchange today in response to Great Britain’s note to Germany regarding reparations. Tito note advised the Cuno government that its latest proposals were inadequate guarantees. Italy also sent a supplementary reply and censured Germany. nooses WILL ATTEND MEETING Charity Leaders to Participate in Conference, More than twenty persons from Indianapolis and tho State will leave Tuesday for Washington, D. 0., where they will attend the National Conference of Social work this week, according to J. A. Brown, acting secretary of the Board of State Charities today. Among those who will attend are Brown, Monsignor Francis H. Gavisk, George Rabinoff, Dr. Mary A. Spink, Amos W. Butler, I*. H. Millikan. Mrs. Sena Burger, Miss M;ury L. White, Robert E. Neff, all of Indianapolis, L. A. Harrlman of Princeton, Mrs. Sarah A. Dinwiddio of Fowler, the Rev. W. J. Sayers of Muncie, and Mr. and Mra. L* A. Cortner of Winchester. Representatives of the Family Welfare Society, the Indiana Tuberculosis Association nn;l the Marion County Juvenile Court also will attend. Herbert Hoovei is in charge of arrangements for ti e conference in Washington. MAYOR LEAVES AGAIN Goes to l>es Moines, la., to Address Credit Men. Mayor Shank left today for Des Moines, la., where he will speak Tuesday before the Credit Men’s Association of that city. Recently he spoke before the credit men of Chicago and addressed their national convention in Indianapolis last June.

Thirty-Nine Die in Auto Accidents; 162 Injured

Thirty-nine persons were killed and IG2 Injured in automobile accidents over the week-end in thirty-two cities. Five were killed in St. Louis and Chicago; four in Lincoln. Neb.; three in Detroit, two in Pittsburgh, Kansas City, Wooster, Ohio; Perry, Ohio, and San Francisco 5

INDIANA DENTISTS OPEN SIXTY-FIFTH ANNUAL MEETING Head of Sheldon Institute Says Service Is Key to Success, “While quantity and quality are big factors, service is the key to all business success,” Harry N. Tolies of Chicago, president of the Sheldon Institute, declared today before the Indiana S:ate Dental Association, which opened its sixty-fifth annual convention at the Claypool. Dr. Weston A. Price of Cleveland, Ohio, opened the convention with an address on "Systematic Expression of Dental Infection.” About twenty expresidents of the State association held a private luncheon. The afternoon was devoted to addresses by Dr. George E. Harter of Toledo, Ohio; Dr. Carl D. Lucas of Indianapolis, and Dr. T. B. McCrumm, Kansas City, Mo. Tonight Dr. Price and Dr. Robert R. Gillis of Hammond, Ind., will speak. Numerous social meetings were held Sunday night. NATHANIEL WRIGHT DIES AT TOLEDO

Prominent Journalist Formerly Employed In Indianapolis. Many Indianapolis friends were sad dened by the death Sunday at Toledo, Ohio, of Nathaniel Curwlti Wright. 53, fifteen years editorial manager >( the Toledo Blade. “Nat” Wright, as he was known in the newspaper world, was managing editor of the old Indianapolis Sentinel, 1900-1903, and in 1903 and 1964 was managing editor of the Indianapolis Journal. Mr. Wright’s death followed an illness of six months. After returning May 4 from a trip to Chandler. Ariz., where he had hoped to regain his health, he failed steadily. He was bom in Pennsylvania, and spent his youth in Connersville, Ind. He received his education at De Pauw. He entered newspaper work at Chicago and for twenty-five years was general manager of the Associated Press. TO DISCUSS FIRE RATE City Insurance Hearing Set for Tuesday at Statehou.se. Readjustment of Indianapolis tire insurance rates will be discussed on Tuesday before Thomas S. Me Murray, State insurance commissioner. The Merchants’ Association seveeral months ago petitioned for a reduction, averring the National Board of Underwriters promised a readojustment with the installation of motorized fire-fighting equipment and other progressive moves by the city. His Nose It Tarket An unidentified colored man almost cut off tho nose of Andrew Price, colored, 657 E. Court St., in a fight at the Price home. Police are Investigating.

one in Salem, \ r ass., Boston, Washington, Bot-wick, Pa.; Milwaukee, Applfeton, Wis.; Stevens Point, Wis.; Colum bus. Toledo, Chester. Ohio; Cuyahoga Falls. Ohio, and Covington, Ky. Fifty were injured in Milwaukee, sixteen in Pittsburgh and fifteen in Detroit.

CHILDREN GIVE CLUB DDES 10 RILEY HOSPITAL Little Girls Help in Campaign —Other Pledges Are Announced, Seven little girls today did their bit to aid the crippled children of Indiana. The girls, members of the Rink-a-Dinks Club, turned over their monthly dues, amounting to $1.25, to the fund for the James Whitcomb Riley Memorial Hospital for Children. The members of the club are Isabel Hanson, Virginia Scott, Kathryn Fitchey, Sarajane Wells, Martha Jean Warfel, Anna Margaret Ryan and Dorothy Jack. Scouts Assist. Boy Scouts of Troop 67, of which J Victor Stonehouse is treasurer, gave $lO. Announcement was made today of a pledge of $7,500 from L. S. Ayres & Cos., in addition to a gift of $2,500 from Mr. and Mrs. Frederic M. Ayres and individual contributions from employes. Active solicitation in the downtown business district probably will end Tuesday noon, but will continue in the factory and residence districtsAlmu.s G. Ruddell, county chairman announced. A noon meeting of work ers will be held Tuesday at the Chamber of Commerce. Church Makes Pledge Meridian Heights Church reported additional pledges of $648, making a total of $1,200 so far. In the list are SIOO pledges frem A. E. Glidden, J. H. Harrell and Robert P. Hanna, and SSO pledges from Mrs. George Lemaux and John A. Huetter. Additional reports of $575 from the Junior League bring the total to SII,OOO. Mrs. Sylvester Johnson Jr. and Jennie I. Winslow each gave SIOO. and R. H. Morse Jr., SSO. Other pledges: First Ensltsti Lutheran Church, s.">4 P.ajStreet Nazarene Church, 5180; Mr and Mrs Hi-hard T. Buchanan. In memory of Richard M. Buchanan, SIOO Mr. and Mrs. Robert E. Cavanaugh. 5100; G. B Jackson. $100: Mr. and Mrs Edwin H. Ferry. $250: Louis I. Strauss. $200: W. B. Rossetter, $100: John R. Newcomb. $300; Thomas D. Sheerin, SSO: J. M. Cunningham. SSO: Phi Sigma Sorority. SSO: General Arthur St. Clair Charter. D. A. R, $25: Hope Seminary Alumni Association $5: New Century Club of Pierceton, Sis Oaklandon Culture Club of MeCordsville $5: employ, e of Fahnlry & McCrea Millinery Cos $710.75 ineluding SIOO from Wit liarn H. Cook and SSO each from A. E Dietrichs and Horace G. Ca.-ady: Otto B. J and August F. Guedelhoeper. *100: John H. Bloor and family. $100: ss(> each from Sydney A. Sullivan. R. O. Bouron. E. L Oi-ntt. L G, Dcschler, Frank w. Olin. George F Wuellmcr; S4O. G. F. Hoppf Employes of Indianapolis Electric Supply Company. $273. including SIOO from J. B. Meek and SSO from Harry E. Rasmussen: eight employ es of Ameriean Sanitary Lock Company. *150: St alehouse employe*. $945.50. including *IOO from W S. McMurray Jr and SSO c.-w i, from Fred B. Robin son. Elizabeth I*. Mason. John D. Williams and. Adolph Seidensticker: employes of thf ! Fletcher-Araerlcan National Bank $22; employes of tie Fleichor-Americ-an Company. $175. ind c.ing SIOO fen W a dell Western Furniture Company, $l4B. and Wad i ley Company, $36. Marriage Licenses Anderson Willoughby. 23. 143x3 Hiatt Nettie Brown, 22. 11*14 S Meridian. Kmerson Bennett. 24. 2302 Wheeler; Willie Pitfs, 21. 2935 Adams. J E. Knott. 21 820 E Wyoming 1 : Gattis. 10. 107 *3 S. Oriental. Warren Payne 21. a340 Montcalm: Helen Hatley. 17. 1610 Rembrandt. F A. Bruner. 26. 803 N Delaware; Marr M Jr.-din. 19. 724 S Alabama C. M. Williams. 22. 132 5 Union; Bernardino Davis. 3.<33 N T J C. Moss. 37. 1139 E Washington Neile Tenney, 39. Hotel Denison. J L. McKee, 57. 1839 N. Rural; Rhoda Jeffries, 39. 217 N Illinois D. S. Cory. 26. 2342 N. Capitol, Marion Rector. 22. 2156 Park. E. R. Paxton. 25. 1617 X. Jefferson Ardis J Mote, 23. 729 N. Pennsylvania. I. G. Roberts, 33 433 E. Washington; Ruth Anselm. 22. 903 N New Jersey. M. C. Morton. 28. 549 Minerva; Martha Stone. 27, 545 Bright W D. Besham. 32. 2522 S N. Olnev Della Dickinson. 38. 2522 H N Olney. W. L. Spalding:. 49. 1832 Lockwood Adeline Gordon. 52. 1556 Holliday. H G. Gaines. 20. 3041 N. New Jersey Bernice Wasroner, 19. 3054 Ruckle R B Armstrong. 33. 2546 Brookway Thelma Reed. 23. 1141 N. Meridian. W. E. Yetter. 29, 610 Weghorst: Florence Tiph. 29. 950*-3 S. Meridian. George Fox, Jr.. 23. R R. F. Box 272. Collins. 23, 925 Prospect. Births Boys Chester and Edith Anderson. 708 E Pratt Uruo and Maud Hill. Methodist Hospital John and Sinnie Sylcs. 1449 Kappes. Joh nand Helen Galpin. St. Vincent's Kos pital. Wilbur and Hattie Thomas, "48 S. La Salle. Wesley an dßuth Green, 1352 N. Illinois Girls Sinclair and Lucy Boyd. 10 X BeviUa. John and Princess Stoke*. Methodist Hospital. Estil and Helen Van Dorn, Clark-Blakes Ice Hospital. Kenneth and Ada Plasterer. St. Vincent's Hospital. Frisl and Bessie Wagner, St. Vincent's Hospital. Henry and Inez Clark. St. Vincent's Hospital. Joh nand Lilly Combs 1163 N Mount. Theodore and Mary Judkins. 222 N Beville. Albert and Amy Applegret, 1517 Finleyl Twins Roy and Mabel Vn-kery, 70S E. SL, boys. ry Deaths Charles Russeil Crowly. 10. 817 E. New Yoi'li. broncho pneumonia. Zclma May Amniernuui. 21, Deaconess Hospital, general peritonitis. Abel J. Hicks. 61. 2302 As.iland, lobar pneumonia. William H. Gregory. 6, 914 Lexington, broncho pneumonia. Miranda Rose Carson. 67. Pennsylvania and Market, chronic myocarditis. Albert V. Metzler, 39. 1728 Bellfontaine. nephritis (chronic) Martha Frances Weinman. 24, 1346 Burdsail Bird., peritonitis. Mary K. Sims. 72. 17 N. Beville. pulmonary odema. Mary Elizabeth Johnson. 67, 413 W. Thir-ty-Ninth. carcinoma. John Stewart Cook. 1 month, 306 X. Tre mont. gastro enteritis. Infant Fox, 30 mtnuteß. 1307 Kelly, premature birth. Russell Conway. 21. Flower Mission, pulmonary tuberculosis. Albertina Ott, 70, 1144 Spann, chronic myocarditis. Alice Mondy, 62, 611 E. St Clair, tubercular enteritis. Charley Hoskins 60. Long Hospital, acute meningitis. Clara Jordon. 62. city hospital, carcinoma. Building Permits Harriet Sly, dwelling. 72$ W, Thirtieth. $906. Lela Jacob, garage. 801 X. Oakland, $225. B. Butler, garage. 2000 Dexter, S2OO Miles & Holloway, dwelling. 110 Berkley. $7,500. Kokemlller & Mallesh. remodeling. 348 Indiana 5250. C, I>. Smltha, move dwelling. 500 Holley, $450. Board of school commissioners, building, Yandes and Sixteenth Sts.. $07,200. Charles W. Snelburn, dwelling. 4002 E. Tenth. $1,400 John G. Raucl). repairs. 138 W. Washington, $450. F"id Holing, repairs. S7I Torl>et, s3cjL K. 11. Lossy, reroof. 1.504 Park. $ 1 0* 'yLouise Kecpke, repairs. 1329 IT v '.. $450. Wri? Fred Behrent. garage. 1624 i ;•*s', S3OO. William Cuffie, double. 3915 OentrY .' SIO,OOO. ■ Benjamin Wurtz, garage. 1460 Brook-, * $l6O. , a Artia B. Perce, furnace, 2927 IT; ■' 'v W. F. Mullen, repairs. 434 SI,OOO. V./I’VwJ

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