Indianapolis Times, Volume 35, Number 118, Indianapolis, Marion County, 27 September 1923 — Page 12

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HEAVY BATTERING OF INDUSTRIALS YIELDS RESULTS Bears Cease Operations, However, on Technical Considerations, The WALL STREET JOURNAL NEW YORK, Sept. 27. —Other developments in the early dealing on the Stock Exchange today were overshadowed by the action of Baltimore & Ohio. News regarding the establishment of a $6 annual dividend rate had come too late to be fully reflected at the previous close and the stock shot ahead to 57%, up 2% from Wednesday’s final price, and an advance of over 6 points from Wednesday’s low. This display of strength stimulated the whole list and prices were generally higher in both the rail and industrial groups. First Hour Rails continued to reflect encouragement derived from the Baltimore & Ohio dividend action in the first half hour. Union Pacific, which owns ap--1 roximately 36,000 shares of Baltimore & Ohio common, advanced more than a point above the low of the previous session. However, industrials failed to follow up their early strengths when motors were subjected to renewed pressure in the face—of constructive developments. Generally 6peaking, there has been a falling off of about 15 per cent in production from the peak, but this rate output is unusual for the season. Second Hour Industrial stocks continued under influence of public apathy in the late morning. In the absence of outside buying power, professionals renewed their pressure on selected issues and Studebaker was depressed to 96, off almost two points from the previous close, while Baldwin showed a loss of more than a point at 11J. American Smelting furnished an exception, ad vancing fractionally in response to the jump in earnings for the first six months of 1923, which reflect the sharp recovery in copper and ntae'metal shares. Noon Hour Ralls lost their early buoyancy in the noon dealings under influence of selling pressure directed against Union Pacific, which dropped 2 points from the morning high. Asa whole the action of the market aroused so much pessimism that onie b° use which has been consistently bearished advised against selling stocks on the theory that there was more apt to be a rally than a further decline with the Street 90 per cent bearish. Kittle Evidence of pubjic support was found in the transactions, which represented largely the operations of professional trader^. Fourth Hour Heaviness was fostered in the general list in the early afternoon by special weakness in individual stocks. Jones Leather had a perpendicular drop of eight points to anew low for the year, while Willys-Overiand preferred reached new low ground on the movement. According to several commission houses there has been a sl.ght increase in public buying this week, but it has not reached sufficient proportions to influence the course of stocks. There has been considerable averaging hy traders who bought stocks at higher prices. Closing Hour LHillnes dominated the last hour of trading after professionals abandoned their "battering’’ actics on the ground .that the technical position *of the market would not stand much more pressure without creating a rally that would endanger their position among the already overcrowded ranks of ttie short ihterests. Perhaps this one consideration prevented the whole general list from being thrown into a decline, as the lack of public participation left the technical structure largely in the hands of professionals who have bee noverwhelmingly bearish for the last few weeks. Local Bank Clearings Indianapolis bank clearings Thursday were $2.870,000: bank debits were $5,121,000. New York Money Market Bn United Financial NEW YORK Sept. 26.—Time money market dull. Brokers bidding 5 % per cent lor thirty-day money, while lending banks ar° askin'? 5 % per cent for all dates. Tbe effective rate is 5% per cent. Commercial paper, prime names, discount at 6%c: other good names at 6% per cent. Market Is more active.

Produce Markets

INDIANAPOLIS. Sept. 27.—Fresh ergs. 25c: packing stock butter, 29c: springs, m to 2 lbs.. 23c: fowls, straight. 23c: fowls, under 4H lbs.. 19c: Leghorns, 25 per cent discount: cocks. 10c: young tom turks. 27c: young hen turks. 27c: ducks. 4 lbs.. 13c; spring ducks. 20c: geese, 10 lbs., up 12c: sauabs. 11 lbs. to doz.. $4: young guineas. IVi lbs. up doz., $7; old guineas, doz.. $4.50. Indianapolis creameries are paying 45c a lb. for butter fat. CLEVELAND. Sept. 27.—Butter —Extra in tubs. 48®50c: prints. 48@49e: firsts. 46 © 48c: packing stock. 32 H@36 Hc. Eggs—Fresh gathered northern extras. 38Vic: Ohio firsts, 34He: western firsts, new cases. 33He. Poultry—Heavy fowls, 86®28c: light fowls. 18® 21c; cocks. 15® 17c: ducks, spring. 18® 22c. Potatoes — Virginia cobblers. [email protected] barrel: 150 pound sack $4.65. NEW YORK. Sept. 27.—Flour—Firm, unchanged. Pork—Steady; mess, *25.50® 26. Lard—Easy: middle west. spot. $12.60 ® 12.70. Sugar—Raw. firmer; centrifugal (96 testl, 7.66 c: refined, steady: granulated. 9 [email protected]. Coffee—Rio No. 7. on spot, 10%@lO”ie; Santos. 13i@14Ha Tallow —Quiet: special to extra, 7H@7He, Hay —Firm; No. 1. 8140; No. 3, $120@125; clove* 1 , $1006130. Dressed poultry—Dull: 14® 3TO: ducks, 27c. Long Island. Live poultry—Steady; geese. 20@22c; ducks. 15 ®3oc: fowls, 20®32c; turkeys. 35®40c; roosters. 13c: broilers. 21® 27c. Cheese— Quiet: State, whole milk, common to specials, 22 ©2Bc: State, skims, common to specials. 5® 19c. Butter —Firm; receipts, 6.776: creamery, extra, 45He; special market, 46 6 46He; State dairy , tubs, 38@45He; Danish. 44® 45 Vic. Eggs—Steady; receipts, 17.430: nearby whites, fancy. 64® 66c; nearby State white®, 38@64e: fresh firsts to 34® 46c: Pacific coast, 37® 56c; western whites. 38 6 64c: nearby browns, 47® 62c. CHICAGO. Sept. 27.—Butter—Receipts, 6.629; creamery extra, 44c: standards. 44e; firsts, 40H@41He: seconds, 39H@40c. Eggs—Receipts. 4.192; ordinary firsts. 25 @ 26c; firsts. 30 031 He. Cheese—Twins. 24 ©24He: Young Americas, 26He Poultry —Receipts. 6 cars; fowls, 16® 25c: ducks, 21c; geese. 18c; springs. 22 He: turkeys, 20c: roosters, 15e. Potatoes—Receipts, 482 Northern whites, [email protected]: Red RiWr Ohioa, 65 ©Boc.

New York Stocks (By Thomson A McKinnon) —Sept. 27

Railroads— Prev. High. Low. 1:45. close. Atchison ... 97 Vi 96 Vi 97% 96’,4 B A O 57 55 % 50% 5S C A O 62 ... 61 Vi 60 % C R 1 A P.. 23% 22% 23 22% Erie Ist pfd. 22% 21% 22% 22% Gt North pfd 56% 63 Vi 53% 65% N Y Central .102 101% 101% 102 North Pae . . 59 S ... 57 67 % Pere Marq. . 42 41 % 41 % 41 % Reading 74 % ... 73 % 74 South Ry... 34% 33% 33% 33% South Pac... 87% ... 86% 86% St Paul pfd. 27% 27% 27% 28 Union Pac ..129% ... 127% 128% Wabash pfd. . 29% ... 28% 29Vi Rubber*— Kelly-Spring. . 25% 25% 25% 26% U S Rubber. ._38% 37% 37% 37% Equipments—xmer Loco.. 70 ... 68% 89% Baldw Loco .114% 112% 113% 114% Gen Elec ...109% ... 168% 169% Lima Loco.. 63% 63 63% 03% Westh Elec.. 59% ... 69% 58% Steels— Bethlehem... 48 47 47% 47% Crucible .. . 59 % 57 % 58 58 % Gulf 9tatea 75% 74% 74% 76% R. X. A Steel 43% 43% 43% 43% U. S. Steel. 87% 80% 86% 87% Motors C. Motors. . 47% .... 47% 47 Gen. Motors. 14 .... 13% 14 M. Motors A. 39 .... 38 % 39 Studebaker . 97% 95% 98% 97% Stewart War. 83% 82% 83 83 Oils— CaL Petrol. 19 . ... 18% 18% Cosden .... 25 24 % 24 % 25 Marl and Oil. 23% 22% 22% 22% P.-Am. Pete. 57 50% 56% 57% P.-A. Pete B. 55% 54% 54% 55

SEPTEMBER CORN CONTINUES CLIMB Other Grains, However, Display Irregular Tone, Bp United Financial CHICAGO, Sept. 27. —September com closed at anew high mark on the crop at 91% while trading in other grains closed irregular on the Chicago Board of Trade today. A switch to the selling side by earlier buyers created an easier undertone in the wheat market. Following an unchanged opening a slight upturn resulted when buyers once more resumed their activities. After this short rally, however, the switch to the buying side became effective and with liberal offerings prices eased off. Shipping demand was moderate and country offerings light. September corn reached anew high record on the crop at 91%. The market was of an in-and-out nature. Profit taking developed, but was short-lived. Weather and crop news was unchan g-ed. Oats eased off fractionally with wheat and lack of demand. Better cables and some domestic buying helped provissions advance. Chicago Grain Table —Sept. 27 WHEAT— Prev. Open. High. Low. Close, close. Sept.. 1.04% 1.04% 1.03% 1.03.% 104% Dec,. 1.05% 1.00 1.05% 105% 1.05% May. 1.10% 1.10% 1.09% 1.10% 1.10% CORN— Sept.. .90% .91% .90% .91% .90% Dec.. .72 .72% .71% .72% .71% May.. .72 .72 Vi .71% .72% .71% OATS— Sept.. .41% .41% .41% il% .41% Dec.. .42% .42% .42 .42% .42% May. 44% 44% 44 44% 44 LARD— Sept 11 87 11.95 11.83 11 95 11 80 RIBS—•Sept 9.25 9.15 RYE— Dec.. .70% .70% .69% .70% .70% •Nominal. CHICAGO, Sept. 27.—Car lot receipts: Wheat. 40; corn. 50; oats. 38; rye. 4. CHICAGO. Sept. 27.—Wheat—Steady; No. 3 red, $1.07: No. 2 hard. $1.09® 1.10: No. 3. $1.00% @1.00%. Com—l up. No. 1yellow. 92% @93c: No. ", 92% @o3%c; No. 4. 92 %c. No. 1 mixed. 92 %c: No. 2. 92 Vi @92 He; No. 3. 92 %c: No. 4. 92c: No. 6. 91 %c: No. 2 white. 92@e. Oats—Steady; % up: No. 3 white. 42® 44c; No. 4, 41 @ 43c. Barley—s7® 00c Rye—No. 3, 70% ®7l%e. Timothy—s7.6o® 8. Clover—sl6 @2l. ST. LOUIS. Sept. 27.—Wheat—No 2 red. sl.ll @1.14; No. 3. $1.09® 1.11: No. 4. $1.06: No. 5. $1.05 @1.05%; No. 2 hard. $1.05: No. 3. $1.05. No. 5 hard. 07c September. $1.06%; December $1.07%; July. $1.05%. Corn—No. 2 white, 92%@93c: September. 01c: December. 73 %c. Oats— No. 2 white. 45c: No. 3 43@ 43%e: No. 4. 43%@42%c: September. 43Vic.

Grain Briefs

CHICAGO. Sept. 27.—Frost damage to corn in Indiana will be largely loss of weight rather than spotling, an expert declared. Corn continues to ripen slowly in tho Ohio valley and Central States. Much of it is still in the milky stages, the Government weekly crop report said. “Corn and oats are In a strong position and should work higher." James A. Patten, the ‘wheat king." declared “Old codn is scarce and will be scarcer." Russia haj chartered thirty-five steamers to load grain from Black Sea ports between no wand the middle of November and continue to charter very freely, cables declared Wheat traders for the most part are at present In a waiting and watchful mood looking for new developments While trade in oats was relatively light Wednesday it was broader than of late with persistent commission house buying and short covering. Local Hay Market Loose hay—slß @2l: bales. sl7® 20: light mixed hay, sl7® 20. Local Wagon Wheat Local mills and elevators are paying: 95c for No. 2 red wheat. CORN SELLS AT RECORD HIGH PRICE IN CHICAGO Shortage of Supplies and Frost Damage Responsible. By United Pret* CHICAGO, Sept. 27. —Corn sold at the highest price of the year in trading on the Chicago Board of Trade today. Supplies on the September delivery sold at 91% cents. On Aug. 4, com in the same delivery hit a low of 75% cents. Shortage of supplies and frost damage to the growing crop caused the advance, traders said. Raw Sugar Market By United Financial NEW YORK. Sept. 27.—Raw sugar market opened higher. October. 6.00 c bid; December. 5.18®5.20c: January. 4.58 c: March, [email protected]; May. [email protected]. American Sugar bought 58,000 bags of Cuban raw sugar, first half of October Shipment. at oc. e. ands. The raw sugars are selling in Havana at the equivalent of 0.03 c, c. ands. New York. Dressed Beef Prices Wholesale selling prices on dressed beef, Swift & Cos.: Ribs—No. 2. 23c; No. 3.17 c. Loi® —No. 2,28 c: No. 3.23 c. Round* — NoW, 20c; No. 3.16 c. Chucks—No. 2. 3. 11a Pltae#—No. 2. 8c: No.

High. Low. 1:45 p. m. Close. at Prev. Phillips Pete 23% 22% 23% 25% Pro. A Ref. .23% ... 22% 23% Pure Oil ... 17% .... 17% 17% S. Oil of Cal. 51 Vi 51 51 % 51% S Oil of N. J. 33% 32 Vi 33% Sinclair 17% 17% 17% 17% Texas Cos. . . 41 .... 40 % 41 Minings— Int. Nickel. 12% ... 12 Vi 12% T. G. A S.. 50% 56 50 55% Coppers— Am. Smelt., 57% 66% 56% Anaconda . . 39 % .... 39 37 % Kennecott . . 33 ..... 33 33 Industrials— A. Chem.... 63% 63 63 64 Am. Can...'. 91% .... 89% 91 Am. Woolen. 77 Vi 77% 77 Vi 78 % Cont. Can... 52 % 51 % 52 58 v* Fam. Players 72% 70% 71V* 72 Gen. Asphalt 28 .... 2d % 28 Inter. Ham'.. 75 Vi .... 75% 75 Mont. A Ward 21% 21% 21 Nat. Enamel. 54 .. . 53Vi 63% U. S. In. Al.. 52 .... 62 52 Utilities— Am. T. AT. 122% 122% 122% 122% Con. Gas.... 00% .... 60% 01 North Am... 21 .... 20% 21 Shipping— Am Int. Cor. 10% .... 16% 16% Atlantic Gulf 14 Vi .... 14% 14% Foods— Am. Sugar. .. 63% 63% 63% 63% Am. B. Bg.. . 34 % 34 % 34 % 35 Vi Com Prod. 135% 124% 124% 125% C. C. Sg. pfd 49 48 Vi 48% 48% Punta Alegm 55% 54% 54% 55 Vi Tobaccos— Am.-Sumatra.. 22 21 % 32 21% Am. Tob. Cos 147% 145% 147% Tob. P. <B) . 54% 53% 54% 53

Your Dollar Uncle Sam Tells Who Gets It

Shoes / V^/oCrA // 6Z \ / PnopiT&w // \ /Overheads Cents ? \\ /I By Rlp(i Couch

[“—■n N the last ten years the shoe I standards of the American * people have undergone a radical change. Formerly the shoe was one of the last considerations of the man or woman who wished to be considered well dressed and $5 was a good price. Now some models sell for above S2O. According to information officially collected by the United States Government, the leather and other materials which go into every dollar spent for the manufacture of a pair of shoes cost 6 i cents. Labor’s share of the dollar is 18 cents and the other 20 cents goes to the manufacturer for his profit, overhead and taxes. Recently hides and leather have been high. If hides, leather and other shoe manufacturing matrfals should drop 5 per cent the manufacturer's selling price for shoes might be decreased by 3.1 per cent. A 17 pr cent increase in wages would advance the selling price by 3 per cent. NEAT—Flour CURB IS INFLUENCED BY REACTION ON EXCHANGE Standard Oils Descend to Iwer Levels—Wyoming’s Strong. Hu United Financial NEW YORK, Sept. 27.—Tl:e curb market today again found itself under the influence of the continued reactionary sentiment on the stock exchange and the afternoon dealings saw recessions. A complete absence of buying demand was noted during most of the session. The Standard Oils went to new low levels for the day. Peerless Motors declined, while Reo sold above 16. The market leaders of the previous session, the Standard Oil issues, were off under rather light selling pressure. Standard of Indiana failed the traders, despite their efforts to bring it out. Standard of New York and Vacuum were weak. The former, after opening at 40, sank to 39, and iii the afternoon was traded In at 39%. Cities Service was off 1 and Gulf and Prairie Oil and Gas were under the previous close. Thera was a small improvement in the Wyoming Oils. Kresge Department Stores lost 2 points and Chicago Nipple "A" and Colorado Power were weaker Park <fc Tilford was somewhat better.

Business News

President Cromwell's appearance before the grand jury Wednesday. Assistant District Attorney Peoora has requested Mr, Cromwell to have H. K. Pomeroy, chairman or the law committee of the Now York Stock Ibchange: Erastus T. Tefft. chairman or the committee on quotations and commissions, and Ash B. Green, assistant secretary of the New York Stock Exchange, to appear before the grand jury. The three men named with Mr. Cromwell and George Gordon Battle, counsel, went to the Criminal Courts building. It is understood that these three have first-hand information with rogard to the remarks in Mr. Cromwell's Atlantic City speech attacking political influences. Mr. Cromwell has also been asked >to produce all letters referred to in this speech. BOSTON—President Daniel Willard of the Baltimore & Ohio Railroad, in an interview with a Boston news bureau representative. commenting on recovery in earnings this year, said: "Earnings were off in 1921. In 1922 they were very good during a portion of the last six months, but tor a part of the period were affected by the shop strike, as was the case with most other roads. We made a somewhat more rapid recovery from the effects of the shop strike than some other railroads. For the first six months of 1923 our earnings, gross and net, have been rather substantial. Expenditures for maintenance of equipment have been unusually heavy, although maln-tenanee-of-way expenditures have not been extraordinarily large. On Jan. 1 between 9 and 10 per cent of our freight cars were unserviceable and about 26 per cent of our locomotives. At present only 4 per cent or our freight cars are unserviceable and between 14 and 15 per cent of our locomotives." WASHINGTON—President Coolidge ha summoned Secretary of Agriculture Wallace. Secretary of Commerce Hoover and Eugene Meyer, Jr., head of the war finance corporation, to a conference with him on farm relief. The three officials will meet Coolidge as he receives the committee of bankers from the Ninth Federal Reserve dlstriet, comprising wheat States in the NortnwMt. headed by Representative Young. North Dakota. Senator Borah went into a conference with the President on the farm problem. Cloverseed Market Local dealers are paying 67.50 @lO a bushel for cloverseed.

THE INDIANAPOLIS TIMES

HOGS SELL STEADY TO 5 CENTS LOWER General Market Remains Fractionally Unchanged, Hog Price*, Day by Day Sept. 250-300 lbs 200-225 lbs. 150-180 lbs. 21. 8.75® 9.00 9.00® 0.15 9.15® 9.25 22. 8.50® 8.65 8.70® 8.85 8 85® 9.10 24 8.50 fit 8.60 8.60@ 8.05 8.65® 8.70 •36.' 8.50® 800 B.oo® 8.05 8 65® 8.80 30. 8.40 @ 845 8.40® 8.45 8.45® 8.50 27. 8.36® 8.40 8.40® 8.50 8.40® 8.00 Prices for hogs held generally steady, though a few droves might have sold a nickel lower than on Wednesday in trading at the Iona: live stock exchange today. Light receipts of 8,000, which included 1 200 holdovers, were the chief factor in the steadiness, as large receipts at other marketing centers Indicated generally lower prices at the opening. The bulk of the day’s receipts moved at a flat price of $8.40, just as on Wednesday, while a few choice droves brought a dime more. Some hogs moved at $8.35, but the number was not large, though sufficient to make I the market quotably steady to a nickel lower. As on Wednesday, the prevailing price for choice strong weight p.gs was $7.75, while both varieies of sows \Vere steady, with heavies selling at $7 down and lights at $7.50 down. A fair number of shipping orders was in evidence and local packing interests entered the market early, giving indication of a fair clearance. The battle market was practically at a standstill in the first hour of trading, due to a lack of demand a-;d the generally common variety offered for sale. Receipts at 1.009 were not unusually large, but the disposition of such buyers as entered the market was to purchase their stock at generally lower prices. Prices for choice veal* jumped a half dollar to a top of sl4. with the bulk selling from $13.50 to sl4, The advance might have been as much as a dollar in some instances. Recciots, 400. The sheep and lamb market was steady, with sheep selling down from $6 and lambs down generally from $12.26, though a few brought a top of $12.60. Receipts, 500. —Hog*— Choice light* $ 6 40@ 8.50 Light mixed 8 40 Medium mixed 8.40 Heavyweight* 8.35 @ 8 40 Top 8 50 Bulk of sale* 8 40 I’lg* 7 25® 7.75 Packing sows 7.25® 7.75 —Cattle— Few choice eterra $lO 00 @12.00 Prime corn-fed steers 1.000 to 1 .800 lb* 9.00® 9.50 Good to choice steers 1.000 to 1.100 lbs 8.50® 8.00 Good to choice steers 1.000 lo 1.200 lb# . 7.50® 8.00 Good to choice ateer*. 1,000 to 1,700 lba 7.50® 800 Common to medium steer*. 800 to 1.000 lbs 7.25® 7.50 —Cows and Hrlfer* Choice light heifers $ 9 00 @lO 00 Good lightweights " 25® 9.09 Medium heifers 600 ® 7.25 Common cows 5 00® 6.00 Fair cowa 6 90® 7.50 Cutter* 2.75 @ 3.25 Canncr# 2.25® 3.75 3nlls— Fancy butcher bulla $ 500 ® 6.00 Good to choice butcher bull* 5 00® 5.50 Bologna bulla 4.60 @ 5.00 —Cal vis— 'v Choice veals .... . . $13.004114.00 Good veala 11.00® 12-00 Medium veala 700 @IO.OO Lightweight veal# . 7.50® 8.00 Common veals 7.00® 7.60 Common heavies 6 00@ 7.00 Top 14 00 JHnrcp and Lam ha— Extra choice lamb* sll 00 @12.50 Heavy iambs 9.00® 11 00 Cull lamb* 5.00® 7.50 Good to choice ewea 3.000 0.00 Culls 2 00® 3.00 Other Livestock Bu United financial CHICAGO. Scot 27—Hog*— Receipt* 27.000; market alow, ateady to weak; top $8.30: bulk. $7.30® 8.20; heavyweight. $7 75® 8.25: medium. $7.90428.30; light. $7 50® 8.30: light light*. $? @ 8 heavy packing smooth. $7 15@7 40: packing sows rough. $0.75 @7.15: killing pig*. $5.75® 7.36. Cattle—Receipts 8.000: market dull, uneven about desirable yearlings scarce spot* strong killing quality plain: many stale arrivals offered; $11.75 bid on native, steers; best yearlings. sll 40: few loads well conditions yearlings, slo@ 10.90 , numerous loads fat plain 1.200-pound steers $8 50® 8.75: few fat westerns here; big string Mexican breed steers around $5.50: good choice lightweight grass steers to feeders, $7.25: bulls weak; veal calves, 50c lower packers buying best vealers at sl2 Sheep— Re<-elpts, 24,000: market, killing classes slow steady to strong: prime native lamb# to city butchers, $13.75: big packers holding back and talking lower prices; few feeders on hand active steady, 10c higher; $13.25 paid for westerns, some $13.50.

KANSAS CITY, Sent. 27. —Cattle—Receipts, 4 000: ealves. 800; very little done: killing quality plain; few sales western and short fed natives fully steady: bulk early sales. [email protected]: she stock fairly active: steady to strong: bulls steady: cows weak to 25c lower; stockers and feeders weak to lower, few early sales medium Quality stock <T*. [email protected]. Hogs—Receipts. 11.000: few early sales to shippers steady to 5e lower; [email protected] paid for 100 to 220-pound averages; packers now 1 bidding sternly with dull market yesterday; $7.90 bid on good butchers: packing sows mostly $6.15 @6 o 0: bulk stock pigs, $6.25 Sheep—Receipts, 8.000: practically nothing done; bidding sharply lower for range lambe. EAST BUFFALO, Sept. 27.—Cattle—Receipt®, 456: market slow, 260 lower; shipping steers. 89.50© 11; butcher grades, $7 @8.56; cows, [email protected]. Calve®—Receipts, 326: market active, 50c higher; culls to choice. $4 @ls. Sheep and lambs—Receipts. 1,000: market active and firm: choice lambs, sl4 @14.50: culls to choice. [email protected]: yearlings, 87® 11; sheep, s3® 8.60. Hogs—Receipts. 4.800: market slow, 20c to 25c lower; yorkers. 88 @8.65: pigs, $7.75@8; mixed, $8 [email protected]; heavies. [email protected]; roughs, [email protected]; stags. $4 @5. EAST ST. LOUIS, Sept. 27. —CattlA—R>celpts, 2.000; market, lower to weak; native beef steers, $8 @9.25: yearlings and heifers. $9.75 up; cows. [email protected]; canners and cutters. [email protected]; ealves. sl2 @12.25. Hogs—Receipts, 14,000' market, 15@25c lower: heavy, $7.6008.20: medium, [email protected]: lights, $0.7508.05; light, lights. [email protected]; packing sows, $6.75 @6.85: pigs. slx7s 00.85; bulk, $7.5008. Sheep—Receipts, 1,200: market, 60e lower; ewes, $3.500 0.50: canners and cutters, $1 @ 3.50; wool lambs, $10.75 #12.75. PITTSBURGH. Sept. 27.—Cattle—Receipts, light; market, steady: choice. $0.50 @10: good, $8.50 @9.40: fair. $6.75 @7.50; vral calves. s4® 14.50. Sheep and lambs— Receipts, light; market steady: prime wethers, $7.7508: good. [email protected]: fair mixed, $5.60 0 6.50; lambs. $9 @l4. Hogs—Receipts, 2.500: market, lower: prime heavy. $8.2508.35; mediums, $8.5008.60; heavy yorkers. $8.50<0 8.60: light yorkers, $7,500 8: pigs. [email protected]; roughs. $7 @7.50: stags. $4 @ 4.60. CLEVELAND. Sept. 27.—Hogs—Receipts. 3,000; market, $8.40: mixed, $8 40: medium. $8.40: pigs. $7 50: roughs, 86.70; stags. $4.50. Cattle—Receipts, 400: market, slow; good to choice bulls. unchanged. 6hcep and lambs—Receipts. 800; market, steady: top, $14.75. Calves—Receipts, 300: market, steady: top, sl4. CINCINNATI, Sept. 27.—Cattle—Receipts, 1,100; market, dull weak: shippers, $7.50 @9.50. Calve®—Market, steady: extras, 811.60013. Hogs—Receipt®. 4,200: market. 10 0 50c lower; good or choice packers. $8.50. Sheep—Receipts, 750: market, steady; extras, $4.50® 6. Lambs—Market, weak 60c lower; fair to good, sl3@ 13 50. Foreign Exchange By Cnited Financial NEW YORK, Sept. 27.—Foreign exchange closed lower. Sterling, demand, $4.55 1-16. Francs, demand. 6.14 He. Lire, demand, 4.60Hc. Belrian. demand, 5.24Hc. Marks, 166,666,000 to the dollar. Czecho. demand, 3.00 c. Swiss, demand. 17.83 c. Guilders, demand. 39,30ci Pesetas, demand. 1,3.84 c. Sweden, demari* 28.50 c. Norway, demand, 15.91a. DenmaPw demand. 17..84c.

Age Cannot Dull the Patriotism Nor Stifle Youthful Spirit of Boys of ’6l

CIVIL WAR "BOYS.” MEMBERS OF GEORGE CHAPMAN POST, NO. 210, DANCING TO “DICK SLIDER’S DREAM,” PLAYED BY HEZEKIAH TRUEBLOOD, 89. OLDEST MEMBER OF POST. LEFT TO RIGHT: H. A. CUMMINGS. 78, OF 323 N. SHERMAN DU., TRUEBLOOD. 89. OF 1505 E. ST. CLAIR ST.: GEORGE AGAE, 77, OF 2214 N. NEW JERSEY ST., AND THOMAS C. CLAPP, SO, OF 2433 N. DELAWARE ST.

By GENEf ALLEMAN ii ") N T E hundred per cent AmerO vans." They're all of that, and mighty proud of It, Heads erect, voices trembling a little, but still conviction, ahouiders 'bent under the weight of years and of gray hairs—all that age can bring witn the passing years—the “boys" still keep thcU youthfulness of hearts, although their bodies slowly fail them. It was a happy afternoon for scores of Njld Civil War veterans. 1 But it was an unusual one. Among the throngs that passed by Morrison’s Hall, Monument Circle, few thoughts were directed to a loyal little army of “one hundred per cent Americans” thut Is rapidly dwindling. War brings its glories. But new

PHYSICIANS WILL HEAR BR. MAYB 500 Attend Terre Haute Convention, Bn Time* Special TERRE HAUTE, Ind., Sept. 27. An address by Dr. Charles H. Mayo, surgeon, of Rochester. Minn., tonight was to be the outstanding feature of today's program of the convention of the Indiana Medical Association in ,session here. Reports of committees of the association were made Wednesday night. The report of the secretary, Dr. Charles N. Coombs of Terre Haute, showed that the association had a paid membership of 2,605, the largest number since 1917. More than 500 physicians have registered for the sessions Women attending the convention were entertained by a motor trip Wednesday to Bt. Marys-of-the-Woods, followed by a luncheon and bridge at the Ft. Harrison County Club. A formal reception and dance will be held tonight at the Hotel Deming. DONELLEY ‘BOOTLEGCASE IS CONTINUED Appeal Heard In Criminal Court After Fine and Sentence by City Judge. The Criminal Court appeal of Stewart Donnelly, fined SSOO and costs and sentenced to six months at the Indiana State Farm on liquor charges in city court, was continued by Judge James A. Collins today to allow the defense to bring another witness into the case. Donnelly was convicted on charges of engineering the sale of liquor to Seth Ward, Federal prohibition officer, June 18, Shortly after the conviction Donnelly took an appeal on a previous case from Criminal Court to Superior Court. The case is pending. He had been fined S2OO and costs and sixty day's at the Indiana State Farm on liquor charges. WINGS OF DEATH BEAT FASTEST SPEED PLANE Bu United Pros DAYTON, Ohio.. Sept. 27.—The wings of death are comparably faster than those man makes of oiled silk and seasoned spruce. Even while Evan J. David, St. Louis air board official, raced through the air at the fastest speeil science can carry humans, death out-distanced him to the bedside of his wife at Lowell, Mass. Ten minutes after he left McCook Field today a message came saying ills wife was dead. CITY BAND TO CONCLAVE Musicians will play at State Firemen’s Meet, Oct. 3. Plans have been formulated for taking the police and firemen’s band to South Bend. Oct. 3, for the closing day of the State firemen’s convention. Fire Chief John J. O’Brien and Os car Wise, secretary of the jßoard of safety, will represent the city. W. T. Bailey, assistant city attorney, said approximately forty members of the band will make the trip on special interurbans. The band will participate in a parade and then later give a concert. In the Cotton Market By United Financial NEW YORK. Sept. 27.—The cotton market opened strong. October. 28.70. up 68; December, 28.46, up 20: March. 27.8. UP 18,

wars create still newer glorias, and the veterans of the Grand Army of the Republic have resigned, quietly and inevitably, to the doughboy returned from Prance. As Loyal its Ever • The torch bearers of ’65 gathered silently as the crowd passed by. They talked over the “old days” of Grant and Sherman and paid their tributes, lovrl as ever, to the flag, as if the Stars and the Stripes were the most precious things in their lives. While the city was forgetting defenders of the Union, Woman’s Relief Corps No. 10 entertained ’omrades of the George H. Chapman Post No. 209 to a good old-fashioned annual "time" at tho hall. The atmosphere at the meeting was striking. A tinge of gray, of sadness, and yet of firm smiles gave the lit’le affair an odd. sympathetic tenderness. Youth was absent; age reigned here. And yet above all. the same ideal ot both, too often forgotten by the passing crowd, was supreme. Hag Holds Them Together It s the flag that holds these survivors togeth:r. Members of the post have watched grimly the slow, steady decrease- in their number. An old-fashioned square dance found Hezekiah Trueblood, 255 E. St. Clair St., 89, and the oldest member of the post, still as lighthearted as he was in the days when young blood stirred in his veins at the drums’ first roll. Trueblood, and his name is a testimony to bis Americanism, danced a Jig to the amusement of all. But The Spirit Is There The bow was not new. The violin was not of an expensive make. And

Gospel Team Leader Directs Church Aid

EARL Z. SIGMON Earl Z. Sigmon is the new chairman of the business men’s gospel team of the Young Men’s Christian Association. This organization, made up of over thirty business and professional men of the city, responds to calls of teams for church services, speakers for Bible classes, mid-week meetings, and for general stimulation of church activities.

BOYS SOUGHT FOR LEGACY John and Horace Fletcher Wanted, Appeal to Police States. Albert Fletcher, Beverly, N. J., in a letter to local polioe has asked aid In locating his nephews, John Fletcher Jr. and Horace F. Fletcher, in order that the estate of their grandmother, who has just died, may be settled. The boy* have a legacy. It Is understood. Their father diefl, according to tho uncle, while the uncle was abroad and the boys were sent to a “Charles Ludwig of Indianapolis.” Police have not located the boys. Two Farmers in Bankruptcy. Van I. Williams, farmer, Gaston, Ind.r today filed a bankruptcy petition In Federal Court. Assets were given as SBS and liabilities, $11,852.65. Otho Wlnegardner, farmer, near Kokomo, Ind., also fll*d a bankruptcy petition, giving assets as $488.16 and liabilities, $3,524.74.

the chords that were produced by the trembling hand at the bow were neither sttady nor clear. The spirit of ’65 was there, though. "Yankee Doodle’’ and “When Johnny Comes Marching Home” stirred as much patriotism in the hearts of his listeners as the most beautiful chords of a majestic organ. It was another meeting for the old battlers. The program came to a close and the women served pie and coffee. They left slowly, perhaps with regrets in departing, but more so because their steps were not firm and sure. Outside was the hut lying throng. It was near dinner time. The lights were already on in the stores around tho circle The crowd was passing by.

SHANK MAY RACE FOR GOVERNORSHIP ‘Up to People,’ Mayor Says to Friends, Mayor Shank today announced that he would consider a campaign for nomination for Governor "if there was sufficient demand from the people" for his candidacy. “I believe the office should seek the man” said the mayor, “and I have* no desire to put myself in another political war unless 1 am assured that the people really demand it." The mayor denied that he would make a race on an anti-Klan platform or against any faction. “I’ve always been a supporter of i constitutional government, and the timtfis ripe now to renew faith in that document,” he said. The mayor is opposed to any strenttous primary campaign, such as he feels is necessary, and has expressed disapproval of any large expenditure of money. His platform would follow closely policies of the city administration, it was said. INSURANCE RATE CUT SOUGHT BY MERCHANTS Hearing Will he Held Tuesday on Classification Proposal. Hearing on the petition 'of the Merchants’ Association to raise the fire Insurance rate classification of Indianapolis from second to one and onehalf class, will be held before Thomas S. McMurray, State insurance commissioner, Tuesday. If the petition is granted it will result in a decrease in fire insurance rates on mercantile buildings. The survey of the National Board of Fire Underwriters gave Indianapolis 1,230 points deficiency, placing the city in the second class. Rate experts of the State insurance department gave the city only 912 points de flciency, which would raise it one-half class. GIRL. HALTS STAGE CAREER Appeal of Aid for Orphans’ Wins Indianapolis Young Woman. The “call of the East,” the appeal of orphan children of Bible lands, halted a perfectly promising stage career for Miss Clara Marie Kroeckel, talented Indianapolis girl, who is here from New Y'ork visiting her mother, Mrs. Louise Kroeckel, 3310 N. Capitol Ave. Arriving in New Y'ork a year or two ago, Miss Kroeckel joined the staff of Near East Relief instead of signing a vaudeville contract. Miss Kroeckel’s job is to promote the needle work of Bible land orphans. She says It is a Joy “to sell the beautiful things their little fingers have made.” Miss Kroeckel formerly taught in the College of Music and Arts here. • . RITES SET FOR SATURDAY Funeral of Mrs. Gretchen Wilson Will Be in Acton, Ind. Funeral of Mrs. Gretchen Wilson, 46, wife of J. C. Wilson, undertaker at 1230 Prospect St., will held Saturday at Acton, Ind. Mrs. Wilson, who died Wednesday, had been- in ill health for more than a year. She was born near London, Ind. For the greater part of her life she had lived in Acton. She was a member of the Methodist Church there. Surviving: The huafeßnd; a slser, Mrs. Jacob Kaster, and a brother, George Collier, all of Indianapolis.

THURSDAY, SEPT. 27. lg

HOW 10 RID CITY I OE SMOKE, T 9 Cincinnati Expert to Teß Methods Used. I How Cincinnati rid the city <fl smoke plague will be explained dianapolis citizens by Gorjlon D. chief smoke inspector of Cinci™ at a public meeting 8 o'clock FV night at the Chamber of Coinna Motion pictures will be used by A The new proposed smoke ore 9 will be voted upon by the city co@ next Monday night. I The meeting Friday night was eJ by Edward O. Snethen, chairmal the smoke abatement committee oil chamber, in conjunction with 1 meeting of the Civic Club Jec.eratiJ While invitations are being exteJ to members of the city. council .1 representatives of business and q clubs, the meeting is public. I A delegaaon of women to appear fore the council is being asseml by Mrs. J. W. Moore, chairman of smoke abatement committee of Women’s Department Clubs. Arrangements are being made short talks at the council meetir

IVICR.F. H. GAVISKh MUCH IMPROVE! Catholic Pastor Still in Wash! ington (D. C.) Hospital. 1 Mgr. Francis Gavisk, pastor of St.J John's Catholic Church, is improving ' today in Georgetown hospital, Washington.. D. C., a dispatch from the Times' Washington correspondent stated. Mgr. Gavisk, who was a local delegate to the National Red Crosß conference. was taken to the hospital suffering from an attack of Bright’s disease. Wednesday. His condition then was considered grave. The Rt. Rev. Joseph Chartrand, bishop of the Indianapolis diocese, in Washington for the annual meeting of the Catholic hierarchy, visited Father Gavisk. State I-eads in Recruiting Indiana is leading in Army recruiting so far this month, according to Capt. J. J. Wilson, recruiting officer. Sixty-four have entered the Army in the State. The nearest competitor is Ft. Hayes, with forty-three recruits. Marriaae Licenses H. L. Pierson. 27 Ben Pavis, Ind.; Jolla Hession, 22, Ben Davis. Ind C. E. Gibson. 21. 1940 Lexington: Lauretta Egan, 23. 1311 Unverslty Court. Moris Samuel. 29. El wood City. Pa.; Jenny Izasaks. 22. 1208 Ruckle. Firmis Stewart. 22, 1819 Broadview Terrace; Addie Guyton, 18, 1604 Clifton. K. C Fox. 26. 1714 Madison; Mabel Clark. 24. 3703 E. Sixteenth. W. r Crone. 25. Morgan County: Cox. 20, 205 N. Warman. A. C Swartz. 21. Beech Grove: Louise Magendanz. 19. R. R. D. box 148. E. W. Saner. 21. 321% W. Twelfth; Fannie Lowe, 22. 1327 Cornell. F. E. Black. 21. 238 Detroit; Dorothy Bolton. 19. 147 Detroit.

Births Boy* Jessie and Louise Davis, 606 H Fayette. George and Letha Simmons, 328 N, Keystone. Perley and Lucy Sowers. 1423 MonKalni. Jerry and Ledonna Gordon, Deaconess Hospital. Charles and Ruth Rodgers. Deaconess Hospital. Jessie and_Sosa Davis. 1109 Centennial. Nelson and Cecelia Bosteti, Methodist Hoe pit al. Marvin and Margaret Hamilton, Methodist Hospital. John and Georginnna Curran, 647 N. Davidson. Caroll and Ruth Jiunn, 954 N. Sheffield. Garland and Helen Parmer, 8 N. Colorado. Percy and Minnie Haught. 1248 Udell. Leo and Mary Wiggins. 1114 Congress. Charles and Margaret Deekert, 1341 Edgemont. Girls Gerry and Myrtle Blake, 2520 Northwestern. Walter and Alta Dolrymple. 512 9. Noble, William and Emma Wheasler, Deaooness Hospital. Charles and Esther Sedam. 122 W. Southern. Clarence and Sadie MeKhann 1247 Delos*. Ira and Sarah De Wee sc, Methodist Hospital. William and Era Eastman. Methodist Hospital. A. H. and Ida Shaffner, 1410 Deloss. Harry and Pearl Davis. 1916 W. Ohio. Marion and Hazel Slider. 1250 W. Thl>-ty-Fourth. Carter and Lucy Temple. 550 Minerva. Deaths May Hassmann, 44, .”9 W. Fall Creek Bird., carcinoma. James M. Craig. 19, Methodist Hospital, carcinoma. , Oliver C. Bettcher, 48. 1925 S. State, cs cinoma. I.ottie Martin, 1 month. 1144 acute gastro enteritis. Wtlliarii Hampton. 70. 1124 Calhoun, pulmonary tuberculosis. Agnes Theresa Rusch. 42. 634 N. Gladstone. pulmonary tuberculosis. William H. Corthum. 74. 733 Buchanan, chronic myocarditis. Margaret Warmack. 55. city hospital, diabetes mellitus. Jonas Taylor, 60. city hospital, acute cardiac dilatation Lee Orville Drake. 5 months, city hospital, acute gastro-enteritla Maggie Crutchfield, 47. 769 Indiana, acut® cardiac dilatation. John Edward Burrow s, 0 days, 625 Spring. premature birth. John L Charles, 62, 225 Massachusetts, prenicious anemia. Charles E. McCarrel. 44, 15H N. Arsenal, cerebral apoplexy. Maria A. Barrow. 75. 1410 N. Dearborn, arterio sclerosis. Virginia May Morgan. 7, 228 S. Warman, encephalitis. Louis Friedman. 80. 1820 E. Tenth, broncho pneumonia. Building Permits Ostrom Realty Compauy, dwelling l . 2905 N. Dearborn. $2,500. Ford Motor Company, foundation, 1315 E. Washington. $4,218. O. H. Crowder, reroof, 3120 N. Delaware. 5225. 8. S. Morgan, addition. 4073 Graceland. $250. Ken Walling, addition, 2135 N. Meridian. $1,500. A E Ward, garage. 5260 Broadway. $250. Twlor C. Power, addition, 3612 Washington Blvd.. $150: garage. 932 Tabor. S3OO. P. C. Freeland, garage, 1611 E. Washington. $348. Joe Dice, addition. 940 N. Traub. S2OO. Duesenberg Auto and Motors Company, stokers. 1511 W. Washington. SBOO. John Butari addition, 7 39 Somerset. S2OO. George W. G. Owens, dwelling. 2136 Conrad. $1,200 C. E. Reno, repairs, 1702 Martindale, S2BO. August Rinman, addition, 320 Mason. SSOO. St. John's Free Will Baptist Church, addition. 2531 James. SSOO. R. L, Fitch, remodel. 2305 N. Meridian. $572. D. M. Parker, garage. 603 N. Noble Bright wood Baptist Church, churct® Twenty-Third and Stuart, 51,900. M James L Mitchell, furnace. 1218 E. ket. $375: 1222 E. Market, $375. Katherine Grosson, remodel. Ohio and Dixon. $2,500. Roy C. Henderhot, garage. 1357 W. Twen-ty-Eighth, S3OO. F. W. Shiler. wall. 717 E. Thirty-Third, $271. C. A. Tucker, duoble. 1727 Blaine, $2,000 George C. Trout, reroof, 2346 N. Delaware. $230 Edward D. Miller, gar are. 3705 M. Illinois, SSOO.