Indianapolis Times, Volume 35, Number 15, Indianapolis, Marion County, 29 May 1923 — Page 11

TUESDAY, MAY 29, 1923.

RAILS CONTINUE ■IN LIMELIGHT OF EXCHANGE TRADE Carriers Further Gains Scored on Monday and Equipments Follow, The WALL STREET JOURNAL NEW YORK. May 29.—Overnight news had little bearing- on security values In today’s early dealings and stocks continued under Influences that had dominated the previous session. A further advance took place in the railroad group, carrying Southern Pacific, Baltimore & Ohio and Union Pacific to new ground while equipments moved ahead in the wake of the carrier list. But profit-taking was still in evidence among industrials. First Hour Stocks displayed a confident tone in the first hour under the stimulus of rail leaders. Standard carriers like Atchison and Atlantic Coast Line made new highs on the move while strength in the Eries featured the low priced group. Baldwin reached further high ground oti the move and ether industrials threw aside some or their reactionary' tendencies. Fifth Ave. Bus touched a newhigh on the move. Oils were h Q ld hack on reports of aether anticipated crude reduction. Second Hour Trading proceeded in leisurely fashion in the late morning, suffering from a falling off in speculative interest on account of the approaching holiday. Price swings among the market leaders were confined to a narrow range. Sinclair duplicated its high on the move, reflecting earnings that are running considerably above the average for 1922 and on prospects of record business for 1923. Noon Hour Trading progressed through the noon hour at a steady gait though the volume was not large. Issues of the rail group continued to forge ahead and a more steady undertone among Industrials became evident as the list tightened up under absence of professional pressure. Trading settled to a very narrow range. Fourth Hour Every evidence of the pre-holiday spirit was noticeable in the afternoon trading as the market turned dullei toward the close of the day’s session. However, nothing occurred to inteirupt the steadiness of the leading issues that had negotiated gains earlier ln the day. The diminished volume of trade was taken by observers as an indication of the unwillingness of professionals to attack the list.

Closing Hour The day's market eexrted little effort toward furnishing an interpretationflM the underlying economic conBut the session was significant from the standpoint of the steadiness displayed by the list as a whole, following the recovery in a single week of 43 per cent of the loss sustained in the drastic decline in the nine-week period from March 21 to May 722. Twenty active industrial stocks on Monday averaged 97.25, off .13 per cent. Twenty active rails averaged 83.16, up .58 per cent. Local Bank Clearings Indianapolis bank clearings Tuesday were S3.084.000: bank debits were 56,910,000. Foreign Exchange B i/ United financial >'EW YORK. May 29.—Foreign exchange opened lower Sterling, demand. 54.62; cables. 54.62%. Francs, demand. 6.59 1 a c: cables, 6.60 c. Lire, demand. 4.78 is c: cables. 4 79e Belgian, demand. 5.68 c; cables. 5 6S%e Marks, 59,700 to the dollar. Czecho. demand. 2 98c: cables. 2 98Mic. Swiss, demand. IS.01c: cables. 18.03 c. Guilders, demand. 39.11 e: cables, 39.14 c. Pesetas, demand. 15 19c; cables. 15.21 c. Sweden, demand. 26.56 c; cables 26.60 c Norway, demand. 16.48 c: cables. 16.52 c. Denmark, demand. 18.44 c; cables. 18 48c. Dressed Beef Prices Wholesale selling prices on cre3ed beef. Swift & Cos.: Ribs—No. 2. 18c- No. 3.14 c. Loins—No. 2. 24c; No 3.20 c Rounds — No. 2. 18c: No. 3.16 c. Chucks—No. 2. 12c: No. 3.10 c. Plates—No. 2. 7c; No. 3.6 c 80 USUAL NO lit La. (Concluded From Preceding Page) In the east property line of Michigan road, said Michigan road being 100 feet in width: thence northwestwardly along the east property line of Michigan road, making an angle to the hArif 109 degrees 32 feet, a distance of 451 ,r(y it to a point th-nce northwest* wardiynortheastwardly on a curved line to the right having for its radius 716.78 feet, a distance ot 457.29 feet to a point, thence hortheastwardly on a straight line, a distance of 402.65 feet to a point: thence continuing northeastwardly on a straight line making an angle to the right of 36 degrees. 37 set-t. a distance of 120.40 feet to the place of beginning. Also 100 feet in width. 50 feet on either side of the following described lme: beginning at the intersection of the west property line of Michigan road and the south line of section 3. township 16 north, range 3 vast, in Marion County. State cf Indiana: thence west along the south lme of section 3 and 4, a distance of 4,773 54 feet to a point in the center line of Cooper Ave . said point being the northeast corner of the northwest quarter of the northwest quarter of section 9. township 16 north, range 3 east: thence south along the center line of Cooper Ave.. a distance of 5.276 15 feet to a point in the south line of the afortsaid section 9; thence continuing south on the same line a distance of 53 feet to a pom'; thence southwestwardly on a curved Vine to the right having for its radius 1.422 69 feet, a distance of 462.50 feet to a point thence southweatwsrdly and sojfheastwardly on a curved line to the left having for its radius 1.307.45 IMt a distance of 633 46 feet, to a point; thence continuing southeastwardly on a Straight line a distance of 462 47 feet to a point; thence continuing eoutheastwardly on a curved line to the right having for its radius 1,432.69 feet, a distance of 230.67 feet to a point in the center line of Cooper Ave thence southwardly along the center line of Cooper Ave. through sections 16. 21 and a portion of 28. a distance of 12.274 38 feet to a ponit in the center line of the Lafayette road: thence southwardly on a straight line making an angle to the right of 2 degrees. 49 feet, a distance of 1.875 feet to a point, said point being the northeast comer of the west half of the northwest quarter of section 33. township 16 north, range 3 east: thence southwardly along the east line of the west half of the northwest quarter of the aforesaid section 33. a distance of 2.652.10 feet to a point in the center line of Crawfcrdsville road, said point being the southeast corner of the west half of the northwest quarter of the aforesaid section 33. That said real estate so to be acquired is to bejjjed for park purposes of the city of India^Bilis. resolution it is provided that Saturday. June 16. 1923. at 10 o'clock a. m.. at the office of the board in the city hall in the said city, will be the time and place when final action will be taken confirming, modifying or rescinding said resolution, and when it will receive and hear remonstrances from persons interested in or affected by such proceedings and when it will determine the public utility and benefit thereof. “ CHARLES A BOOKW ALTER, FRED CLTNE. A. M. MAGUIRE. SARAH E SHANK. Fiaard of Park Commissioner* of the Tfity of Indianapolis.

New York Stocks (By Thomson A McKinnon) —May 29

Railroads— Prev. High. Low Close. close. Atchison ...101V, 100** 101 100 % B & 0 50 % 49*4 50 49 V* Can. Pac. .155% 158V* 154V4 155*4 C. & N.W.Ry. 79** 79 V 4 80 C. R. I. & P. 29% 29 54 29 % 29*4 Erie 1254 11% 1254 11 54 Gt. N pfd. .. 72 71% 71*4 72 5* N. Y. Cent... 99% 98% 98% 98% North. Pac. . 73 73 73% Reading 76 54 7554 76% 7054 So. Pac 9154 80*4 91 90% St, Paul pfd. 37 54 37 54 37 St.L AS W.pf. 61 59 54 61 59 Union Pac...138% 13754 13854 13754 Wab. pfd.... 29% 29 29 54 28% Goodrich Rub 31 % 3154 31 % ... Equipments— Amer Loco .141% 140 54 140 54 141% Baldw Loco .134% 1335* IS4 134% Gen Electric . 175 174 175 17354 Lima L0c0... 67% 66 54 6654 62 54 Pullman .... 12154 ■ • • 120 121 54 Westh Elec.. 55% 54% 55% 6554 Bethlehem . . 55 54 54 54 % 54 % Colo Fuel 34 V* 33% 33% 33 Crucible 72 69 54 71% 69 Gulf Statee.. 85% 83% 85 86 Replogle ... 20 % ... 20 % 20 % Rep I and S. . 51% 50% 61% 62 54 U S Steel 98% 97% 97% 98 % Vanadium 33% 33% 33% 33 Motors— Am Bosch M 40 54 ... 4040 % Gen Motors.. 14% 14% 14% 14% Max Mot A. . 48 ... 48 48 Max. M (B) 17 54 164% 16 54 Studebaker ..113% 110% 113% 111% Timken ... 39% 3854 39 38 5, Oils— Cal. Petrol.. 113% 111% 113% 111% Cosden .... 49% 48% 48% 49% Houston Oil. 65 % 64 54 65 64 % Marl and OH. 49% 48 4854 50

MARKETS TO CLOSE All markets will be closed tomorrow in observance of Decoration day. The Indianapolis Livestock Exchange will not be open for trading, neither will the Indianapolis Stock Exchange and no market reports will be published.

PRE-HOLIDAY DULLNESS RETARDS CURB TRADING Net Changes for Day Are Small, With Oils Leading Activity. By United Press NEW YORK, May 29.—The curb today displayed a decided pre-holiday dullness, the market in closing hours showing less life than at any time since the midst or the downward swing two weeks ago. For minutes at a stretch not a single transaction was reported. In this situation, the market held steady for the most part although the range in all sections of the list was very narrow and without additional stimulus of either favorable or unfavorable news developments there was no definite trend. Oils almost monopolized what there was. with Standard of Indiana slightly above 59, Standard of New York at 28% and Vacuum at 46%. Durant Motors started at 51 and fell below 50. but later in the day sold at 51 again.

Produce Markets

INDIANAPOLIS. May 29—Fresh eggs, 22c: packing stock butter. 25c. springs, 1% to 2 lbs. 35c; fowl 9. straight. 22c: fowls, under i lbs.. 18c: leghorn poultry. 25 per cent discount; cocks. 10c: young tom turks. 25c: old tom turks. 20c: ducks. 4 lbs up, 13c: geese. 10 lbs. up. 11c: squab*. 11 lbs. to doz.. $5 Indianapolis creameries are paying 39c a lb. for butter fat. CHICAGO. May 29.—Butter—Receipts, 19.161: creamery extra, 37%c; standards. 38c: firsts. 31%@35%c: seconds. 32® 33%0. Eggs—Receipts. 41,874: ordinary firsts. 23 %c: firsts, 24%® 25c- Cheese — Twins, 22 54 ® 23c: Young Americas. 23® 24c. Poultry—Receipts. 3 cars: fowls. 255;c; ducks. 23 @ 30c geese 13®25c: turkeys. 20c: roosters. 13c broilers. 40® 46c. Potatoes—Receipts, 199 cars Wisconsin round white, sacked 90c. bulk sl. poor 75c; Idaho Rurals. sprouted 87c. Russets 81.50; Minnesota white, inferior. 80c: new Alabama Triumphs. No. 1. 54 10®4.40: Louisiana Burkanks. $2®2.50; South Carolina cobblers. 57.35® 7.50. CLEVELAND, May 29.—Butter—Extra in tubs. 42%®44%c: 1-lb print*. 43% ® 45%e: 1-lb firsts. 40%®42%e: packing stock. 30® 34c Eggs—Fresh gathered northern extras. 29c a doz.; Ohio firsts, 25% @26c doz : western firsts, new cases, 24c Poultry—Heavy fowls. 27® 28c; light fowls. 23®25c: stags 18c: cocks. 15® 17c; broilers. 40®55c ducks. 18®25c Potatoe* —Michigan. 150-lb. sacks, plain. $1.75: Petoskeys. 52 a 150-lb. sack: Florida Rose new stock No. 1 grade. $8.25®8.50 a brl; 150-lb sacks No 1. $7.25 a sack; No. 2, $4.50 per 150-lb. sack. No. 2. $6 a bu. NEW YORK. May 29.—Flour—Dull and easy Pork—Quiet: mess. $27. Lard— Easier: Middle Wes tspot. 511.45®1155. Sugar—Raw firm: centrifugal. 9% test. 8.28 c: refined firm: granulated ,[email protected]. Co-fee—Rio No. 7 on spot. 11%@11%0. Tallow—Firmer: special to extra. 7%® 7 %c: city. 6%c. Dressed poultry—Firm: turkeys. 25® 42c: chickens. 18® 45c: fowls. 14®32c: ducks, 20®27e. Live poultry— Steady: geese, 13@150l ducks, 13®29c. fowls 28®30c: turkeys. 25®35c: roosters. 16c:- broilers. 25® 55c. Cheese—Firm: State whole milk, common to specials. 20®29%e; State skims, common to specials. 10® 18c. Butter—Firm, receipts, 13.660; creamery extra. 38% ® 39c: special market. 30 % @ 40c: State dairy tubs, 35®36 s*c. Eggs— Quiet; receipts, 57,646; nearby whites, fancy. 38® 40c: fresh firsts to extras, 28® 32c: Pacific coast. 32® 38c western white, 2S@37c; nearby browns, 27%® 37c. Indianapolis Stocks —May 29 Bid Ask. Am Cent Life 200 Am Creosoting Cos pfd 97 ... Adv Rumely Cos pfd ... Belt R R com 66 69 Belt R R pfd 63 ... Century Bldg Cos pfd 98 ... Cities Service com 154% 158 Cities Service pfd 66 % 68 % Cit Gas Cos com 26 27% Cit Gas Cos pfd 98% 102 Ird Hotel com 100 Ind Hotel pfd 100 ... Ind Nat Life Ins Cos 9 ... Jnd Pipe Line Cos 96 101 Ind Title Guar Cos 70 80 Indpls Ab pfd 45 ... Indpls Gas 50 53 Indpls & Northwestern pfd... 40 ... Indpls A Southeastern pfd 60 Indpls St R R fl 4 gg Indpls Tel com 1 Indpls Tel pfd no ! i ! Indpls Water pfd 102 if)s Mer Pub Util Cos pfd 84 Nat Mot Car Cos J "o Pub Sav In Cos 12 Raub Fertilizer pfd 50 Stand Oil of Ind 59 i Ster! Fire Ins Cos flu T H I A E com 2 % 6 T H I A E pfd 13% 20 T H Tr A Lt Cos pfd 93 96 Union Tran of Ind com 2 4 Union Trao of Ind Ist pfd . . 34 44 Union Tr of Ind 2d pfd ... 7% 8% Van Camp Prod Ist pfd . . 95% 100 Van Camp Prod 2d pfd 96 Vandalia Coal Cos com 2 4 Vandalia Coal Cos pfd 13 15% Wab R R Cos com ! . . . _ Wab RR Cos pfd 28% 32 _ Bonds Belt R S Y 4s. May, ’30.... 81 Broad Ripple 5s 66 69 Gas 5s 85% 88 Cit Gas .3 100% 102 Cit St R R 5s 84 86 Ind Coke and Gas 6s 90 94 Ind Hotel 5s 90 Ind Hotel Cos 2d 6s !100 Ind North 5s 42 ] ’ . Ind Ry and Lt 5s 89 % 04 u. Ind Union Trac 5 43 Indpls Ab Cos 7% S $.. 100 103 Indpls Col A So 69 97 100 Indpls Gas 5s 85% 88% Indpis Lt A Ht 5s 94 ‘ 96 Indpls A Mart 5s 60 64 Indpls North 5s 53% 56 Indpis A N W 5s 52 54 Indpls A S E os 40 ... Indpls Shelby A S E 5s 52 % Indpls St Ry 4s 64 67 Indpls Trac and Term ss. . . . 85% 87 Indpls Union Ry 5s 94 % ... Indole Union Ry 4%5..... . 95 ... Indpls Water 5s 99 190 Indpls Water 4%s 85 87% Kokomo. Mar A W 5s 104% 105 So Ind Power 6s .191 . . . T H Indpls A E 5s 70 74 Union Trac of Ind 6s 70 74

1:45 Prev. High. Low o. m. close. P.-Am. Pete. 75 74% 74% 74% P-A. P. (B) 69 % 08% 68% 69 Pacific Oil.. 37% .... 37% 37% Phillips P.. . 54 % .... 53 % 54 % Pro. A Ref . 46% 45% 46 46% Pure Oil ... 24% 23% 24 24 9. Oil of Cal. 53% 53% 53% 53% S. Oil of N.J. 36% 36 35% Sinclair 31 30% 30% Texas Cos 46% 46% 40% Mining— Texas G. A S. 63% 62% 63% 62% Coppers— Am. Smelt.., 58% 58 58% 58% Anaconda f, 45% 44% 44% 45% Industrials— Allied Chem. 71 % 71 % 71 % Am. Can.... 103% 101% 102 % 101% Am. Ice \ 97% 97 97% 97% Am. Woolen. 92% 91% 92% 92 Coca Cola 79% 77% 79% SO% Cont. Can 48 % 48 48 % 48 % Sam. Players 78% 78% 78% Gen. Asphalt 40% 39% 41 Inter. Paper. 46% 46% 46% 45% May Stores... 78 76% 78 70% Mont. Ward.. 21% 21% 21% 21% Nat. Enamel. 65 % .. . . 65 % 65 % U S In Aleo. 56% 50 60% 56% Am T and T. 122% ... 122% 122% Con Gas ... 62% 61% 62% 62% West Union.. 108 107% 108 107% Atl Gulf 16% 15% 16% 15% Foods— Amer Sugar. 75% ... 75% 75 Cu Cn Su pi 54% ... 54 % 54 % Cu-Am Sug.. 33% 33% 33% 33% Punta Alegre 63 62% 62% 62% Sobacros— Am Tob Cos .146 ... 146 147% Tob Pr0d....81% ... 81% 81

MAY WHEAT SELLS UNDER JULY PRICE Heavy Liquidation Forces Drop of Nearly 3 Cents, By United Financial CHICAGO, May 29.—Heavy liqui elation in grains, especially in wheat for May delivery, laused quotations to drop sharply on the Chicago Board of Trade today. While selling order* were not large, there were many small ones. Traders did not care to carry grain over tHe holiday. Buying was light with only scattered orders. For the first time in months, May wheat sold below July at the close of the market. May wheat was off nearly 3c from the opening. Trade in com was only moderate and the market was generally undei the influence of wheat throughout thday. Oats were influenced by crop news, which reported the condition generally favorable in the Southwest. Provisions slumped with grains. Chicago Grain Table —May 29 WHEAT— Prey. Open. High. Low. Close, close. May. 1.15% 115% 112% 112% 115% July. 114 114% 1 12% 113 111’, Sept 1 12% 1 13% 111% 1 1 a 1 l-% CORN — May. .77 .77% .76% 77% 77 July. .77 % .77% .76** 77% 77 Sept. .75% .75% 75 .75% .75% OATS — May. 40% 44% 40% 40% 40% July. .40% 40** 40% 40% 40% Sept. .38% 39 38% 38% 30 LARD — Mav. 1090 10 97 1090 1097 1090 Julv 1097 11 05 1097 11.05 11 00 Sept. 11 20 11 27 11 20 11 27 11 20 RIBS — • May . 890 890 July. 892 900 892 900 9.00 Sept. 915 922 9.10 9.22 9.17 RYE— May. .70% 70% 69% .69% 70% July. 72% 7.3% 72 .72 73% • Nomina! CHICAGO, May 29.—Car lot receiptsWheat. 41, corn. 84: oats. 120<*rye. 3. barley. 15. CHICAGO. May 29.—Primary receipts: Wheat. 875.000 com. 544.000 oats. 494.000. Shipment*: Wheat. 562.000: com. 428.000; oata. 452.000. Last year this tiate was a holiday.

Cash Grain

INDIANAPOLIS. May 29 —Bids for car lots of gTam and hay at the call of tho Indianapolis Board of Trade were: Wheat, through billed. No. 2 red. $1 20% @121% Coni—Firm: No 3 white. 75%@,b%e; No. 4 white. 74%@75%0; No. 3 yellow. 75 @7oc: No 4 yellow. 74®75c; No 3 mixed. 74%@75%c No 4 mixed, 73%@74%e Oate—Easy; No. 2 white, 39@40c; No 3 white. .38 % @ .39 %c. „ Hay—Steadv: No. 1 timothy. [email protected] No. 2 timothy, $lB 50® 19: No. 1 light clover mixed. $17.50® 18; No 1 clover hay, sl7 @17.50 — Inspections— Wheat—No 3 red. 4 cars: No 4 red, 1 ear* No. 5 red. 1 car; No. 2 hard. 1 car; No I mixed. 1 car. Total. 8 cars Corn—No. 2 white. 10 cars No. 3 white. 1 car No 6 white. 1 car. No 2 yrilow, 4 cars; No, 3 yellow. 1 car; No 4 yellow. 1 car. Total. IS cars Oats —No 1 white. 1 car: No 2 white. / cars: No 3 white. 0 ear?,: No 4 white., 1 car: No 2 mixed, 1 car Total. 16 cars. Total receipts for the day, 42 cars Grain prices quoted f o. b. basis. 41 %c to New York. , CHICAGO. May 29.—Wheat —No 2 hard. $1 17® 1.17 % : No. 3. $1.16%. Corn—-No. 1 yellow. 79%@80e: No 2. 79%@500; No. 3. 79 Uc; No. 4. 78 \o; No. 2 nnxea. 79%e : No i" white. 79%@79%c No 2. 79 @79% c. Oats—No 3 white. 42% @ 43c; No. 4. 42 %c: standard. 40 %c. Barley—--66® 70c Rye—No. 2. 72@72%c. Timothy—ss [email protected]. Clover—sl2@l7

Grain Briefs

CHICAGO. Mny 29.—A survey of the eprtr.e wheat acreage throughout the Northwest showed a reduction of 18.6 or 2.040,000 bushels. Torrential rains over the entire State threaten destruction of the Oklahoma wheat crop. The primary object, of the meeting of Governors and representatives of agricultural interests to be held In Chicago June 19-20 is to devise plans to encourage'greater conspmptton of wheat. Southwestern Ohio and southern Illinois promise a much smaller wheat crop than a year ago An unusual amount of corn replanting null be necessary thi syear. due to heavy rams, floods and seed rot. Broomnall estimates Russia wall he able to export 16.000.000 bushels of wheat during the coming season. Wheat on passage to Europe increased this week 840,000 bushels; com. 10.000,000 bushels. Local Hay Market Loose hay—sl9 @2O. bales. $lB @2O; heavy mixed hay, slßfiJl9; light mixed hay. slßi@2o Corn—•9o'® 95c. Oatß 50 ©6sc. Local Wagon Wheat Local mills are payinjr $1.23 for No. 2 red vheat. Raw Sugar Market By United Financial NSW YORK. May 29.—National sugar has bought 1,500 tons of Philippine* at a price equal to B%c c ands. for Cuban raws. The last sale was at 6 Mi. However. an operator bought 2.000 tons of Cubas at 6 430 f. o b. Cuba for July shipment, which is better (han 6tic c. ands Raw futures opened lower July. 6 404£6 440: September, [email protected]; December, 5 59@600c In the Cotton Market Bu United Financial NEW YORK. May 29-—Cotton opened higher. July. 27.45 c. up 21; October, 24 90c, up 11; December. 24.43 c. up 9: January. 24 10c. up 6. Cloverseed Market Cloveirseed was .quoted $7 @lO a bu. in Indianapolis today.

THE ESTDIAISrAPOLIS TIMES

HOGS ESTABLISH NEMOW PRICES Year’s Record Drop Occurs in Local Livestock Traders, Hog Prices Day by Day May 250-300 lbs. 200-225 lbs. 150-180 lbs. 2.3. 7.60® 7.35 7.60® 7.85 7.00® 7.65 24. 7.85 7.85 7.83® 7.90 25. 7.75® 7.80 7.75® 7.80 7.75® 7,80 26. 7.75 7.75 7.75® 7.80 28. 7.65® 7.70 7.05® 7.70 7.70® 7.75 29. 7.30 7.30® 7.35 7.30® 7.35 The most severe drop tn hog prices for the year 1923 occurred in trading ! at the local livestock exchange today 1 when quotations fell 35 to 40 cents |on the hundredweight, due to heavy i local receipts of 14,000 and heavy runs at western primary market cen- ; ters. The decline carried the bottom i price to $7.30 at which nil but a very ! few of the receipts sold. A few hogs ; managed to bring $7.35 but the number was negligible. These figures compared with $7.65 to $7.75 in Monday’s trading. Sows and pigs reflected the drop in tho general market, pigs selling down generally from $6.50 and sows down generally from $5.75. The cattle market opened steady on extra choice steers, of which there were few, and weaker on the butcher grades for which the <&mand was not |so urgent. Altogether more than 1,200 cattle were marketed. Prices for calves took a drop of a half dollar on receipts of 1,400. Choice i veals sold at $11.50 as compared with sl2 on Monday while the bulk moved from $lO to sll. The sheep and lamb market was active at quotations generally a half 1 dollar lower than on previous trading. Spring lambs of the choice variety sold down from $14.50 and sheep down generally from $6.50. Receipts 200. Hog*— 150 to 200 lbs $ 7 .30® 7 35 Medium 7.30® 7.35 I Heavy 7 30 Top z 7 35 Pig* Packing sows 6.25® 5.75 i —Cattle— Few choice Ftccrs ? 8.75® 10 50 ; Prime • orn-fed steers. 1,000 to 1.300 lb* 0.00 6 0.50 Good to choice steers 1000 to 1.300 lbs 8.506 960 Good to choice steers, 1000 to 1.000 lbs 8 00® 850 Good to choice steers 1000 to 1,700 lbs 7.50® 8.00 Common to medium steers, 800 to 1,000 lbs 7.25® 7.50 —( own and Hrlfer*— Choioft hjht heifers ....... S 8 9.50 Good light 7.00'S 8 7._* Medium heifer* 600 <IL 7.25 Comnwn hollars .VUG'S 600 Fair <■>*• Cutter* 2 7.y ( t 3 *25 CanncT* 2.25 it 2-50 1 —Bull*— Fan*\v butcher bull* Good to choice butcher bulls 5 O‘J ft 6.50 Bologna bulls 3 75<44 4.50 —tul \ Choice voala .... $ll.OO ft 11 50 Good vual* . . 10.00 ft 11.00 Medium veal* 8.00'<% 1.00 LU’htweisrht veal* 7.50'/J 800 Heavyweight veait 7.00 ft 7 50 Common Top 11 60 —Shr**p and I*amh§— Culls $2 2*.® 3.25 | Good to ohoir© ©we* 6.00 6 60 Few to choice ewe# 13 00 ft 14 50, Heavy lambs 11 00ft 13.00 1 Cull lambs *• 9 00 Other Livestock By United Financial CHICAGO, May 29 —Hors —Receipts. 49 - n, irket I<>V 150 lower: top. 57L’3; hulk, *6 80® 729 , heavyweight. $6 85 ! X - Tii. medium $7 light light light-*. Srt-.Vi-0,7 15: heavy packing. 1 .iH.ni'h *>i 10 in 9 5,i |. Hiking sows, rough, S3 75® ,; 15: Utllii ; pig* $5 75®6 75. Cat tie—Receipts. lO.miO; market lor bed steera seller illy steady t,, -tnmg spots higher:! top matured steers. sl9 85 severs! doar. 510.25® 10.80; part load yearlings. $lO 75;! s;.-, s.s •, In. -lie stock lit® 15c j lower: bulls steady to weak: bolognas mostly i>>.25®5.5c. veal calv, e about steady: : Stockers and leeder-t slow Sheep—Receipts. 8 ooit market fair y active around steady; I desirable California springers, 516® 15.50;’ best natives sls® 15 25: culls. 511.36® 12; Bcveral decks California springers on leeding account sl2 56. choice 90-ib. yearlings and iamb* rnixod, sl2 75: low haiuiyweight native ewes around $5.30. EAST BUFFALO. May 20.—Cattle—Reeeipts, 25; market, active, steady ehippuig steers. 59.50® 10.75; butcher grades. *9® 9.25; cows, $2.50® 7 50. Calves—Receipts, 350 market, active to 30c higher; • ulls to choice. s4® 12 50 Sheep and lambs—Receipts. TOO market, active sh-cp, 25® 56c lower: choice, lambs. sl4® 15: cull to choice. sß® 1.3 50; yearlings. sß® 12.50: Sheep. $3®8.50. Hegs—Receipts. 2.400: market, active to 16®25c lower: yorkers, $7 90; pigs 7; mixed. $7 90: heavies, $7.75 @7.00: roughs ss® 6 stags. s4® 4.50. EAST ST May 29—Cattle—Receipts. 2.500. market, steady, strong: native beef steers. $8.40® 10 10; canners and cutters $2 [email protected]: calves. $0.75® 10 Hogs—Receipts. 25.000; market, active, 10c to lAc lower; heavy. $7.10®7.30: medium. $7 20 @ 7.35; lights. $7.10® 7 SO. light lights. s6® 7.25: packing sows, $5 05@5 90: pigs. $5 25 @075: bulk. S 1 20@ 7 kSheep —Receipts. 6.500; market, 25c to 50c lower; owes [email protected]; dinners and cutters, $1 @3.50: wool lambs, $lO 75® 12.75 PITTSBURGH. May 29 —Cattle—Receipts. light: market, steady: choice, sl6® 10.50; good, [email protected]: lair. $7.75 @ 8.50 ; veal calves. $11.50® 12. Sheep and lambs —Receipts, light; market, slow; prims wethers, $7.75@8: good. [email protected] fair mixed. ss®6; lambs. sll® 11 60 Hogs—Receipts, 7 dd: market. * steady; prime heavy, $7.05® 7.75; mediums. $8 @8.10; heavy yorkers. sB@B 10: light yorkers. $7 ifl7 >0; pigs. $0.50@8-75: roughs. ss® 5.30 stags. $.3. CLEVELAND. May 29.—Hogs—Receipts, 3.000; market. 10®I5c lower; yorkers. $7 751/ 7.8(1; pigs. $7: roughs. $5.75: stags, $4 Cattle —Receipts, 200; market, sternly; good to choice bulls, good to choice steers, good to choice heifers, good to choice cows, fair to good cows, common cows, milkers, nominal. Sheep and lambs—Receipts, 500; market, steady; top. sl4 50. Calves—Receipts. 4(,0; market, steady: top, $1.3. CINCINNATI. May 29—Cattle—Receipts. 200; market, slow- and steady: shippers, $9 (filrt Calves—Market .steady: extras. $lO @lO 50. Hogs—Receipts. 3.800, market, steady. 15 cto 25c lower; good or choice packers, S7 65. Sheep—Receipts. 1,000; ir.a.rket. eieadv, heavy grades dull; extras, $4 @6 Lambs—Market steady; fair to good. sls 50® 16

CRIPPLE BRINGS CHARGE Mrs. Margaret Venable Accused of Striking Girl Employe. The rose of Mrs. Margaret Venable, 49, Davlan Apartments, who operates a hat shop and beauty parlor at 1531 N. Illinois St., charged with assault and battery, has been taken under advisement until June 9 by City Judge Delbert O. Wilmeth. Mrs. Venable was arrested when Motor Police Bartlett and Pfaffanberger were called to the beauty shop by Miss Rose Bassler, 2622 N. New Jersey St., an employe. In city court Miss Bassler, who is a cripple, testified Mrs. Venable struck her when she asked for a wage increase. Woman Hurt, in Auto Wreck Mrs. Paul O. Miller, 637 Home PI., was cut and bruised when she was thrown through the windshield of a car driven by her husband today. The car was struck by an automobile driven by Fred H. Swaim, R. R. L., box 247, at Broadway and FortySecond St. Swaim was charged with assault and battery. Brightly polished shoes are said to be cooler than dull or dusty shoes, because they throw off the sun’s rays by reflection.

The Livest Dead Stump We Ever Saw

GORD TIRE STORY, LAYER ON LAYER (Continued From Rage One) hands on reserved seat tickets. Nothing but general admissions were left. Reserved seats have been gone for days. • * • It was reported that one New York party had a special car engaged before it found out. the reserved seats were gone The members trusted to luck and started on anyway. Who's going to lie the first in line to get into the grounds Wednesday? A lot of folks were picking lunches and getting sleeping outfits together to make the attempt this afternoon. • • • Oates open at 6 a. m. Wednesday Police expected the waiting line to he longer than ever with the record breaking crowd here. Thousands will sleep in their cars on roads leading to the track. • • • And then that crush in the morning. The earlier the start the more chance of getting to see th*. nice start. Folk who waited until 9 45 a. m. list year expecting the roads to lie cleared for a nice little tea-minute spin, stopped two or three miles from the track and snailed along with the other lat ones to arrive about 11:30. * • > Although he is the man who saved the Speedway race this year by vetoing the bill to prohibit it on Memorial day, Governor Me Gray will not be among the fans. He refused the Speed way’s offer of “the best seat at the track" and announced he would deliver a short Memorial address at his home town, Kentland. • • • Where’s T>w Shank? Hundreds of visitors wanted to see him. They didn’t know at the city hail whether he would attend the race or not. in view' of the recent row with the management over a gateman’s refusal to admit free Senator Foss of Ohio, the mayor’s guest.. The mayor has been in Marlon, Ohio, watching his horse race. He may return late tonight or early Wednesday, it was said. W. C. Durant of New York, president of the Durant Motors. Inc., will head a special delegation of Durant officials scheduled to arrive here Wednesday morning for the race. “Open house" was being held by Durant officials at their headquarters, Italian room, Lincoln, ail day today. A steady stream of visitors and friends were received. Approximately .300 officials and distributors of Durant cars from all parts of the country are here. Among the early arrivals were H. W. Alger, vice president and general manager of Durant Motor Corporation of Michigan; W. R. Willett, president and general manager of Durant Motor Corporation of Indiana, and T. R, Jarrard. sales manager of Durant Motor Corporation of Michigan. Durant officials will leave tho Lincoln at 8 a. m. Wednesday for the speedway. I/ook To Egypt To the majority of people in the United States, Egypt means tne Sphinx, the Pyramids, and that latest of archaiological discoveries, the tomb of Tutankhamen. It Is a country with a past, a land of an ancient and glorious civilization, and an excellent place for tourists in winter. But it is fa.r more than all this —it is a country with an economic present and at: economic future. As such it is worthy of serious attention on the part of American manufacturers and exporters.—Department of Commerce.

Wear Poppy Wednesday in Memory of U. S. War Dead!

Veterans of Foreign Wars today made this last appeal to citizens r>f Indianapolis to wear a poppy Memorial day. “Flanders field is a blaze of color this time of year. Help make Indianapolis a bit of Flanders field. By wearing a poppy, you honor the man who gave his life that you might enjoy peace. “Money derived from the, sale of

To Sign or Not to Sign Dry Repeal, Smith Puzzle New York Governor* Ruins political Chances Whatever Coifrse Fie Decides —Wets Predict Victory,

By LAWRENCE MARTIN. I Copyright, by United Press) WASHINGTON, May 29 —Governor A! Smith of New York, a politica! Hamlet, holds the spotlight while politicians of both parties try to guess which horn of the dilemma he win choose To sign or not to sign—that is the question Smith must answer, with respect to the law repealing the New York State prohibition enforcement code Smith will get In trouble whatever he does. Is Presidential Possibility It would not matter so much ii Smith were an insignificant, ono-term Governor somewhere, but he is one of the principal Democratic presidential possibilities If he signs the repealer he will fly in the face, not only of all the dry sentiment in New York State—which might lie negligible—but will kill himself with all drys in the Democratic party, and, worse than all these, politically, will be in the position of reviving the old, dead States’ rights issii£. All this would be fatal to presidential aspirations. If he does not sign he will practically kill himself with his own party in his own State. He will be denounced ns a quitter and read out of the party and angry politicians trill accuse him of truckling to the Republican Administration at WashingBOOTLEGGERS ROLE IN SOUTHERN CITY Sheriff Says Reign of Terror Is Beyond Control. ANDERSON, S. C., May 29.—800 - j loggers and moonshiners have terrorized the "Long Cane section" of Oconee County to such an extent that law-abiding citizens are afraid even to extend hospitality to law enforcement, officers, Sheriff Moss testified in Federal District Court here. Many of the inhabitants, Sheriff | Moss said, are afraid to venture forth I at night, and persons suspected of per- I milting officers to remain in their | homes have been the targets for shots from ambush. In some cases, he said, men and women have been forced to remain away from their homes over night through fear that the house would be shot up. TWO FINED FOR LARCENY Ralph Reibeling and George Passwater Convicted of Stealing Rags. Ralph Reibellng. 22, of 1609 Spruce St., and George Passwater, 20, of 1040 Villa Ave., were fined $25 and costs and sentenced to ninety days in city court today when found guilty of grand larceny. Tho youths were charged with taking two traveling bags, belonging to Miss Helen Quinn of Chicago, from a parked car. Bags and contents were valued at $994. The men were arrested at the Terminal Station check room when they attempted to reclaim the bags.

ths Veterans of Foreign War poppy is divided three ways, 40 per cent to the widow’s and orphans of France w-ho made these poppies, 10 per cent for sales expenses, and 50 per cent for the aid of the disabled ex-service men. "Wear a poppy Wednesday.” The appeal was made by S. C. Jackson, commander of the veterans.

ton and to the drys. He will have a hard time coming back in New York politics, and, if after flouting his own people, he should run in the Democratic national convention, he would be knifed. Would Gain in East To put it another way, Smith might help himself politically in the supposedly "wet" East, but he would undoubtedly ruin whatever political chances he has now in the dry West by signing the repealer. Political observers here believe he will sign. That way. they say, lies his only hope to continue a powerful political figure in New York. WOMAN, ILL, TAKEsToWN LIFE TO END SUFFERING Farmer’s Wife Hangs Self From Tree in Barnyard. By Times Spinal GREENSBURG. Ind., May 29. —Funeral services for Mrs. George Davis. 58. who Sunday committed suicide by hanging herself from a tree in the barn lot of her home, were held at Clarksburg today. She was the wife of a farmer near Clarksburg. Despondency over ill health is believed to be the motive. She had been suffering since December from a cancerous growth. Mrs. Davis arose early Sunday morning. Her body was found suspended by a large rope by her husband when he started to the barn to feed.

STATE SUFFERS DEFEAT IN GASOLINE TAX SUIT South Rend Judge Issues Temporary Restraining Order. By Times Special SOUTH BEND. Ind., May 29.—The State of Indiana is today suffering temporary defeat in collection of a 2 rent tax on gasoline. A decision in favor of Bruce Gafill. suing for a restraining order to prevent the State from spending money from the general fund in prepartlon to carry out. provisions of the law which goes into effect Juno 1, was handed down by Judge U. J. Oare in the St. Joseph Superior CourtMarriage Licenses 11. L. Richardson. 35. Marion County; Katherine Hunter, 38. 1034 W Thirty- * * Paul Perenic, 31. 757 Haugh: Mary Tomastig, 24 955 N Holmes _ .. ... C E Robertson. 29. 602 8 Meridian; Lola Cheesman. 18. 1217 Herbert Edward Meixner. 28. 1223 N. Temple. Letha Sellers. 19. 1852 N Pennsylvania. R E Plummer. 26. 828 N. Alabama; Clara Krause. 22. 309 Parkway. C. L Livingston. 21 439 W New Yor*; Effie Hardin. 20 1357 Nordyke . Y. W. New. 50, Danville. Ind.: Mane Keys. 31, Splnk-Arms Hotel 1 Ruben Rhcn. 32. 1723 Calvin; Rhoda Ellington. 25. 1531 Huggins. William Harris. 35. 620 Miami: Margaret Butler. 31. 1027 Colton. J c Miller. 32. 1549 Hoefgen: Mrs. Belle Kennedy. 32. 1549 Hoefgen. Leonard Reeves. 19. 1217 E. Calhoun: Hazel Singer. 17. 357 N Holmes. Births Girl* Cromey and LUlie Johnson. 134 N. Blackford. . . Claude and Alberta Miller, 1123 Division. Emory and Fanchon Eaton. 2230 S. Pennsylvania Washington and Anna Shine, 4-5 o. Noble _ _ , Elisha and Mary Miles. 952 S. East. Herbert and Lena Whitaker, 70S Lynn. Boys Rov and Beulah Boatman. 526 M, Sanders. Harry and Marguerite Busktrk. Deaconess Hospital. ~ Thomas and Jennie Baker. <<o Wallace John and Elizabeth Schaffer. 1042 S. Alabama. Wrany and Virginia Do Prez. 1921 Broadway. Deaths Infant Gibson. 1 hour, 513 E. New York, premature birth Artena Knepper, 60. 038 W. New York, carcinoma. Lueretla Fellows. 77. 2246 Kenwood. chr- Mir* rnvooarditis Elsie Bowman. 38. Methodist Hospital. acute toxemia. Lee T. Wand. 5, 951 W. Wilkins, meningitis. Alice Augusta Cordell, 46. 1725 Lambert, acute dilatation of heart. Walter Williamson. 40, city hospital, acute cardiac dll aI at ion. Minnie Finnell. 48, 1336 N. Senate, gan. grene. Jay B. Suo.ese, 72. 123 N. Linwood. carcinoma. Alberta May Nunn, 8 months. 608 W. Merrill, broncho pneumonia. Charles Anderson. 44. city hospital, pulmonary tuberculosis. . Jiles Ford,’7s. city hospital, nephritis. Forest Whitsett. 10 day*. 121 N. Sherman Dr., premature birth.

JAZZ TERMED OUR CONTRIBUTION ECR WORLD OF MUSIC 'Real Stuff,' Say Composers After Thorough Study of Harmony, WASHINGTON, May 29.—Jaza music is not a total loss. It has its good points. Furthermore, it represents the one real musical contribution of the United States. So says Mr. Carl Engel, Chief of Music Division of tho Library of Congress. “Mind you, I hold no brief for bad jazz, or for cheap, silly rag time,’* he says. “What I mean by good jazz is syncopation with plenty of melody and harmony, plus counterpoint. In fact, it was the discovery of counterpoint by the makers of rag time and ■barbershop chords which resulted in the present-day type of music, which, if it is well played, is real music.” "Counterpoint," Mr. Engel explains, is complex arrangement of music so that each instrument in the orchestra has an independent melody which harmonizes with all the other individual parts. Hugo Riesenfeld. director of the orchestras playing at the Rialto, Rivoll and Criterion theaters in New York”, has prepared scores for what he calls "classical jazz." Professor Edward Burlingame Hill of the musical faculty at Harvard, has written "A Study in Jazz.U The Russian composer. Igor Stravinsky. has written what he calls. “Piano Rag Music.” In France, Darius Milhaud has recently composed "A Piece for Jazz." The work of Ted Lewis and his orchestra was recently praised enthusiastically by Alfredo Casella, ; Italian pianist, composer and conductor. What is the origin of Jazz? It is j African, Indian, or what? Mr. Engel says that it is an I “amalgamation.” He seems to think that some of its pecular trait3 hail from the river Jordan rather than from the Congo. "It is up-to-the-minute American stuff any how," he says. FARMERSPROiSE 10 ‘SWEAR OFF Pledges Signed to Remain at Home and Reform. RALEIGH, N. C.. May 29.—A total of 2,278 North Carolina farmers have signed a pledge to live at home, the result of a movement inaugurated early in the year by the extension workers of the State college and State department of agriculture. These farmers will be advised about any problem confronting them in ; carrying out the ten provisions of the : "pledge." which are to “raise enough j corn and hay to carry me through 1924: enough meat to supply my fam- ; ily; have a twelve months in the year garden: milk and butter for my family the whole year: an average of thirty ! hens; improve orchard with fruits and ! berries: richer lands by planting soil ; improving crops: enroll at least one ‘ child in club work; add some home conveniences; beautify my homestead.”

WORLD'S TIBER FIINEPREDICTED British Forestry Experts Warn of Dangers Near, LONDON. May 29. —Forestry M - perts in many lands fear a world tim>er famine before many years pass, ccording to the British Forestry commissioners, who say that the results of such a famine will be more disastrous to the L~nited Kingdom than to any other country. The virgin forests are being up far more rapidly than had been supposed. Many other countries in Europe fear such a famine and the commissioners urge that measures be taken at once to meet the situation. They are taking steps to ascertain what reserves of coniferous timber are available and how long they are likely to last; but foresters say there can be little doubt that in the near future the British government will have to choose between resuming the extensive planting program adopted by Parliament at the close of the war and running the risks of delorMfction. The commission urges the people to take a broad view of forestry problems, pointing out that the reasons which make necessary' the maintenance of the forestry commission are not merely local, but arise from world-wide conditions. GIRL MISSING FROM CLUB Police Search for Daughter of Woodstock Manager. Miss Dorothy Hertlein, 13, was missing today from the Woodstock Country Club. She is the daughter of the manager. T. B. Hedden. 53 S. Illinois St., told police Miss Hertlein disappeared Monday morning. Her father believes she went to Chicago. The family recently moved from there. The girl is 5 feet 3 inches tail, weighs about 130 pounds and has brown bobbed hair and brown eyes. Falls From Street Car John L. Schqoley, 63, of 857 Edison Ave., was bruised Monday night when he fell from a Briglrtwood street car at Massachusetts and Ashland Ares. Schooley was taken home by Sergeant Harris.

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