Indianapolis Times, Volume 35, Number 124, Indianapolis, Marion County, 4 October 1923 — Page 10

GENERAL MARKET CONTINUES RALLY BECUNMNESDAY Shorts Evidence Disposition to Retire From Trading for the Present. i he WALL STREET JOURNAL NEW TORK, Oct. 4.—Bears were in rather benumbed state ol mind as te result of punishment meted out to hem in the previous session and showed a disposition in today’s early ealings to retire from the market to .-ee iust how far the rally would go. Yhis tendency was stimulated by the optimistic survey of the Federal Re--rve board and Steel. Dupont, Ameri t an Woolen, American Can and other industrial leaders scored further gains <>n Initial transactions, while rails \.ere generally higher. First Hour Stocks in .he general list continued u show a confident tone in the first hour, oils being helped by the anr ouneement that daily average crude . i> production for the week ended ept. 22 had shown a decrease while • nsiderable encouragement vas dev rived from the fact that Standard Oil issues were the leaders of the croup. Some impulse was given this sfreng-th by the movement on foot tolist .Standard of New York, now a curb stock, cn the big board. National Supply is another curb stock expected to be transferred shortly. Second Hour Constructive interests marshalled their forces for another drive against shorts in the late morning and word was sent out that American Can would toe used as the leader and this stock went into new high ground on tinrally. followed by Dupont. Gulf States Steel and other speculative favorites. Bears able to weather Wednesday’s etorm were inclined to "stand pat" but a number of observers predicted that the upswing would proceed considerably further. One prominent house predicted a "bull market." Noon Hour Many shorts continued stubborn, furnishing the outstanding force for ‘ the market which kept it fairly buoyant in the noon dealings. According to floor reports, the sudden uprushes In Studebaker and Baldwin were start ed by room traders who covered large "locks at the market. These operations gained no encouragement from the impressive fashion in which the market absorbed offerings for both long and short account. American Sugar, which made a three-point gain Wednesday, acted well. Twenty active industrial stocks on ■Wednesday averaged 90.43, up 2.36 per cent. Twenty active rails averaged 80.13, up 1.17 per cent New York Money Market By United Financial NEW YORK Oct 4.—Time money market dull Tnirty-day loans at o'* per cen< Longer maturities 5 % per cent Commercial paper, prime name- sla per cent for the greater part of the business Local Bank Clearings lndiapapo'.s bank clearings Thursday ■were SS.C6S.Mm hank debits were $5887.000 Foreign Exchange By t nited Financial NEW YORK. Oct. 4. —Foreign exchange opened irregular: Sterling. demand. $4.54 V; cables. $4.55. Francs, demand. 5.85%c; cables 5.86 c. Lire, demand. 4.45 c: cables. 4 45H0 Belgians, demand 4.92 %c: cables. 4.93 c. Marks. 500.000.000 to the dollar Czecho. demand. 2 98c cables. 2.98 %e. Guilders, demand. 39.77 c: < ables. 39.30 c. Swiss demand. 17.80. cables, 17.88 c. Pesetas, demand 13.55 c: cables. 13.57 c. Swede, demand. 36.49 c: cables, 28.53 c. Norway, demand 15.72 c: cables. 15.76 c. Denmark, demand. 17.58 c; cables. 17.62 c.

Produce Markets

INDIANAPOLIS. Oct. 4—Fresh eggs. 32c: packing stock butter. 29c; springs 1 % to 2 lbs 23c; fowls, straight. 2.3 c; fowls under 4% lbs.. 19c: Leghorns. 25 per cent discount; cocks, 10c; young tom turks. 27c; young hen turks, 27c; ducks. 4 lbs.. 13c: spring ducks. lOe: geese. 10 lbs. up. lie; equal's it lbs. to doz . $4: young guineas. 1% lbs. up. doz., $7: old guineas, doz.. *4 .60. Indianapolis creameries are paying 46c a lb. for butterfat. CHICAGO. Oct. 4.—Butter—Receipts. 7.051: creamery extra. 47c- standards. 46c; firsts. 43%@44%c; seconds. 41 'i, 42c. Eggs —Receipts. 5.379: ordinary firsts. 25@ 20c: fitSt*. 30@340. Cheese—Twins. 35c young Americas. 23%@34e Poultry—Receipts. 11 cars: fowls, 15@35c: ducks 33c: geese, ?lc: springs. 20c: turkejs. 20c; rooster*. 4c. Potatoes—Receipts. 435 curs: northern whites. $161.15: Red River Ohios. 90c <Bl.lO. CLEVELAND. Oct. 4.—Butter—Extra it' tubs 40% 651 %c: pripts. 49 % (r, 50 '• e; firsts. 47% @49 %c: packing stock. 34 @.3Bc. Eggs—Fresh gathered northern extras. 38%c: Ohio firsts. 34 %c: western firsts, ew cases. 33%c Poultry—Heavy fowls, 26@28c light fowls. 186 31c: cocks, 156 17c: broilers. 26627 c; ducks, spring. 18@ 22c. Potatoes—Virginia cobblers. $5 @5.75 a barrel: $4.65 per 150 pounds. NEW YORK, Oct. 4.—Flour—Quiet, firm•er. Pork—Steady: mess, 525.50@26. Lard • —Firm: Middle West spot. [email protected]. Sugar—Raw strong; centrifugal. 96 test. 7.78 c; refined strong: granulated. 9.25® 9.50 c. Coffee—Rio No. 7 on spot. 10 %@ Santos. 13%@14%c. Tallow— Steady: speoitl to extra. 7%@7%0. Dressed poultry—Firm; turkeys. 26 @ 60c; chickens, 23 643 c: fowls. 14 @33c: ducks, S7e, Long Island. Live poultry—Easy: geese. 21@22c; ducks. 15@26c: fowls, 23 8 30c: turkeys, 35 @ 40c: roosters, 14; broilers, 20 @ 27c. Cheese—Quiet; State whole milk, common to specials, 22@28%c: State skims, common to specials. 15 @ 10 %c. Butter—Steady: receipts. 8.325: creamery extra. 47c; special market. 47% 48c: State dairy tubs. 38@46%e; Danish. 45 @46%: Argentine. 43 @ 43c. Eggs— Firm; receipts, 16.883; nearby whites, fancy, 64 @ 66c: nearby State whites. 38 @ 64c: fresh firsts to extras, 35® 48c; Pacific coast 40 @57% c: western white. 38 @ 04c; nearby browns. 49 @6O. \

Grain Briefs

CHICAGO. Oct. 4.—Continued improvement in agriculture. outside of the wheat belt, ie recorded by the United States Department of Agriculture. Although the Government's plan will provide an outlet for much of our surplus ■wheat, the problem of disposing of the large Canadian wheat crop will still hang heavy over the market. Traders are confident wheat prices will j reach new levels on the present upturn. Many millers report increased flour busineas. More than a hundred thousand wheat ! Jarmers are In distress, the Agricultural De- i partment declared. Debts have been ao- , cumulating for five years and are now be- , coming due and farmers are unable to ! ‘meet their obligations. A leading grain house, which took the buying side of corn more than two weeks [pgo when the market needed friends, was heavy seller of futures for profits on pTadueeday.

New York Stocks (By Thomson & McKinnon) —Oct 4

Railroads— At 12:45 Pry v High Low p. m close Atchison .... 90 98 % 90 98 % B & 0 59% 58% 59 59% C & O. .. ... 63% . . 63% 63% C . R and T. 24% 24% 24% 24% CCC&St L U. 102 102 104 Gt. No. pfd.. 55% 54% 55 54% N Y. Central 102% 101 101% 101% No. Pacific.. 56 % 56 V* 56 % 56 % Pennsylvania.. 42% 42% 42% 41% Reading 78% 77 78 77 Vi So. Railway.. 35 % 35 % 35 V* 35 % So. Pacific.. . 87 % 87 % 87 % 87 % St. Paul pfd 27% 27% 28 St. L. 4 S. W. 79%, . . 28% 29% Union Pae.. 130% 130% 130% 130 Wabash pfd.. 31% 30% 30% 31% Rubbers— Kelly-Spg.. . . ’6% 25% 35% 26 Vi U. S Rubber 40 39% 39% 39% Equipments— Am. L0c0..*.. 72% 71% 71 % 72 Bald. Loco.. 120% 118% 120 Vs 120 Lima Loco. . 65 % 64 % 65 85 % Pullman 117 116% 117 117 West. Electric 58% ->8 % Vi Steels— Bethlehem... 49% 49 49% 49% Crucible 63 62% 62% 62% iitUf States.. 80% 79 80% 79% Rep I & Stl. 45% 44% 45 45% U S Steel... 89 V s 88 % 88 % 89 Vi Motors— Chandler Mo. 48 ... 37 V* 48 % Gen Motors.. 14% ... 14% 14% Max Mo "A” 40 ... 39 % 40 Studebaker. . 99% 98% 98% 99 Vi Stewart-W... 8.3 81% 82 82 Vi Timken 35 % 35 % 35 % 35 % Oils— Calif Petrol.. 20% 20% 20% 20% Cosden..... 28 % 27 V* 27 % 27 % Houston OU.. 53 % ... 53 53 % Marl;/ 1 Oil. 26 % 25 a 26 Vi 25 % Pan-A Pete B 56 % 55 % 56 56 Vi Pan-Am Pete. 58 % 57% 58 58% Pro A- Rei. . 25V. 25 25% 25%

Your Dollar Uncle Sam Tells Who Gets It

Artificial Gas /U3 y-abor/ 3b \ iwA \ / Profit & V | MaTFR- \ OvfRHfAD I \ \ i/x/ading Jj \ )AL$ \TaxJtS J! CcF -ti rr-jRTIFICIAL gas is now used ' | Al | over a large part of the counl—.. ' try for cooking and it is still ! used to a large extent for lighting. It | is displacing natural gas in some sec- ' lions as tiie gas wells are exhausted The reason why public utility com ; missions in determining the rates which gas companies are to charge ! their patrons g 5 so carefully the i costs of materials such as coal and oil is shown in figures collected by | the United States government. Ac- | cording to these figures out of every | dollar received by the gas tnanufac- | turei 48 cents is spent for materials. | This is exactly three times as much &s is spent for wages, whose share in the gas making dollar is 16 cents. The share of the manufacturer for his profit and overhead, including taxes, is 36 cents. | A 10 per cent increase in materials would boost the selling price 4.8 cents ion the dollar. A 30 per cent Increase in wages would increase the selling price by the same amount. NEXT—Cameras.

Business News

NEW YORK. Oct. 4.—Orders received by United States Steel Corporation in the closing week of September were at about the same rat,- as in the precixlmg twenty-one days ol the month or between 31,000 and 32.000 tons a day. Total new- business for tin- twenty-five working days of September may i r ,p,imafetl at approximately 780,000 tons. Shipments are estimated at slightly over 1.100,000 tons *lto that the tonnage statement to be made public next Wednesday should show a decrease of approximately 350.000 tons compared with a decrease of 496.100 In August. NEW YORK-^ —A significant feature of the steel situation is that inquiries have recently been revived on tonnages involved in developments that have been held in abeyance for years. Buyers who have been holding off apparently in the hope that the price level would recede seem to be abandoning their waiting attitude DETROIT—“I have no intention of going into the oil business in any way. shape or form. Some of our men did some drilling in the Southwest trying to locate commercial black diamond deposits and the first thing 1 knew. I was in the oil business. There Is absolutely nothing to It." said Henry Foryl to a representative of the Wall Street Journal. "I am not going to revise my bid for Muscle Shoals. I was asked to make a bid for the property and that bid stands.” NEW YORK—Jesse Livermore is due back in New York next Tueselay from a slx-w,-eks vacation trip abroad. Mr. Livermore, who closed his offices at 111 Broadway before his departure, will take a suite in the Heefcacher building. 730 Fifth Are., from which he will conduct his market opera lions. In the Cotton Market Hu t nit ed Financial NEW YORK Oct. 4.—Cotton market opened steady. October, 28.75, up 15. December. 28.40. up 5; January, 27.90: March. 27.88; May, 27.95, up 7. . Raw Sugar Market By I nitrd Financial NEW YORK. Oct. 4.—The raw sugar market opened steady: October, 5.35 c December, [email protected]: January. 4.52 c; March. [email protected]. The New York Coffee and Sugar Exchange will be closed Saturday. Oct. 0.

CAREY INDICTED IN $1,500 THEFT Among ten true bills returned today by the county grand jury was one charging Horace W. Carey, 321 E. Thirteenth St., with embezzlement and grand larceny of $1,500 while agent of the Indianapolis Drilling Syndicate. Carey, former. Republican chairman of the Eighth ward, has pending against him an indictment, returned Feb. 17, 1922, alleging embezzlement of $750 from Theodore Stein Jr., agent here for the Globe Indemnity Company. WOMEN’S COMMITTEE ELECTSNEW OFFICERS Oncers elected by the Legislative Committee of Women today at the Claypool are: * Mrs. E. C. Rumpler. president; Mrs. R. H. Sherwood, vice president; Mrs. Ida Mix. vice president; Miss Mamie Larsh, vice president; Mrs. Harry Foreman, secretary; Mrs. James Bawden assistant secretary: Mrs. E. E. Pauley, treasurer.

at Prev High Low 1 :45 p. m Close Pure Oil 17% ... 17% 17% Std Oil of Cal 54 % 53 % 54 % 53 % Std Oil of N .1 34 . . 33 % 34 Sinclair 19% 19% 19% 19% Texas C 0.... 42 Vi 41% 42 Vi 42 Minings— Gt. Nor. Ore. 29% 27% 29% 29 {nt Nickel... 12 ... 11% 12% Coppers— Am 58 % ... 57 % 58 Vi Anaconda.... 39 % ... . 39 % 39 Vi Kenneeott... 33 % ... 33 % 33 % Industrials— Allied Chem . 64 Vi 63% 64 Vi 64% Amer Can . . 94 Vi 92 % 93 % 93 % Anier Wool.. 77 75% 75% 76'i Coca-Cola 75% ... 75% 75% Cont Can ... 50 % 49 % 49 % 50 Vi Dav Chem .. 61 47 Vi 50% 47% Pam Players 74 73% 73% 74% Gen Asphalt. 31 29% 30 Vs 31 Int Harvester 75% 75% 75 H Mont Ward. .23 . . 22% 22% Nat Enamel 47% 47 % 47% 47% Sears-Roe ... 81 80% 81 81% U S Ind Alco 54% 53% 53% 54% Utilities— Am T and T. 123 Vi 123 123V* 123 Con Gas .... 61 % ... 61 % 61 % Col Gas ... ... 33 % Shipping— Am Int Corp 18 17 Vs 18 18 Int M M pfd 23 % 23 23 23 % Foods— Am Sugar... 65 % 66 65 65 Am Beet Sug 37 36% 37 36% Corn Prod .128% 127% 127 Vi 127% Cu Cn Su pfd 49% 48% 48% 49% Punta Alegre 56 55% 55% 56 Tobneros— Am-Sumatra .21 Vi 20 V* 21% 20% Am Tob Cos .... . . 150 Vi Tob Prod B 56 % 55 % '56 % 55 %

WEAKER FEELING FEATURES GRAINS Profit-Taking Causes Slight Recessions in Wheat, B ited Financial CHICAGO, Oct. 4. —Grain prices opened unchanged to fractionally lew er on the Chicago Board of Trade today. I’rofit-taking weakened wheat values at the outset, as did the failure of Liverpool to respond to Wednesday’s upturn. Another depressing factor was the genera) belief that much of the recent advance was due to short covering, which left the market technically weaker. Dispathches from Washington stated the Administration would not call an extra session of Congress to consider relief for the stricken farmer: that th ■ Administration was opposed to any method of price fixing, but was in sympathy with a movement for better prices to be paid wheat producers. More liberal offerings t.nd some profit taking featured the down turn in corn prices. Weather and crop news was favorable, many sections reporting warm, dry weather, which will aid fields now in the maturity stage. Oats were unchanged on a featureless market. Lower cables and a week grain market brought a slump in provisions.

Chicago Grain Table WHEAT— Prev. •Open. High. Low Close. dose. Dee .1.08% 1.08% 1.07% 107% 109% May .1.12 1.12 1.11% 1.11% 112% July 1.08 % 1.09% 107% 1 08 1 08% CORN— Dec. . .76% .76 % .75% 75% .70% May . .74% .75% .73% .74% .75%' July . .75% .76% 75 76% .70% OATS— Dec.. 43% .43% .43% .43% .43% May .40% .40% .46% .45% .45% LARD — Oct. 12.20 12.20 12.10 12.12 12 25 RIBS—•Oct 0.15 9.25 RYE— Dec.. .71% 71 % .71 .71V* 71% May.. .75 .75% .74% 74% .75% •Nomiuai. CHICAGO. Oct. 4 —Car lot receipts: Wtieat. 50: corn. 52: oats. 121: rye. 2 Cash Grain INDIANAPOLIS. Oct. 4.—Total receipts for the day. 35 ears. Grant, prices Quoted f. o. b. basis. 41 %c to New York. Hay on track Indianapolis. Bids for grain and hay at the Indianapolis Board of Trade were: Wheat—Through hilled: steady: No. 2 hard. sl.Ol % 1.04: No. 2 red. $1.03 01 06. Corn—Firm: No. 2 white. 93n96c No. 3 white. 92@95e: No. 2 yellow. 9.3 ic 9sc; No. 3 yellow 92 if 94c: No. 2 mixed, 91® 93c: No. 3 mixed. 90 6 92c. Oats—Steady No. 2 white. 42%43 %c: No. 3 white. 40'ri 42Ha.v —Firm: No. 1 timothy. $31.50(0.22: No. 2 timothy. 821 'if 21.50: No. 1 clover mixed, $20.50021: No. 1 clover hav. $21.50 ® 22. —lnspections— Wheat —No. 3 red. 4 oars: No. 4 red. 1 car; No. 3 mixed. 1 car: sample, 3 cars. Totals. 9 cars. Corn—No 1 white. 2 cars, No. 2 white, 1 ear: No. 3 white. 1 ear No. 2 yellow. 2 cars: No. 3 yellow, 2 cars. Total. 8 ears. Oats —No. 2 white. 1 ear; No. $ white 8 cars: sample white, 2 cars. Total. 11 ears. Rye-—No. 2, 4 oars: No. 4. 1 car. Total, 5 cars. Hay—No. 1 timothy. 1 car: No. 3 timothy, 1 car. Total, 2 cars. Local Hay Market Loose hay—slß4(2l: bales, $17@20: light mixed hay. sl7 @2O. Local Wagon Wheat Local mills and elevators are paying 98e for No. 2 red wheat. CURB PRICES SHADED AFTER FIRM OPENING

Bu United Financial NEW YORK, Oct. 4. —After a firm opening, the curb market turned slightly heavy, but the undertone continued one of the strength especially in the oils. Trade papers today printed special stories emphasizing the fact that the tide had turned in the oil business. There is / important buying of these securities and according to one authority a big boom in the petroleums is starting. Standard of Indiana opened higher, then receded and later snapped back to 57. Vacuum remained steady at 50% and Standard of New York was off % at 44%. Elsewhere, however, while sonje oil prices were shaded lower, some substantial gains were revealed. Prairie Oil and Gas, which is expected to benefit from better conditions in the midcontinent fields, gained 4 more points. Illinois Pipe annexed 3% [ points. Magnolia 3, while Imperial Oil |of Canada was again .above par. Salt Creek Producers fell off nearly a point and Mountain Products was weaker, but Mutual was steady. Gulf was up % while Cities Service dropped a point. Coal stocks were again strong, Glen Alden being up nearly a point while Reading Coal Rights went to 22%. Park & Tilford was just under 26. Gillette Safety Razor, Goodyear, Gold Dust, Hartmann and National Supply wore oteody.

Till ; :m::s

HOGS CONTINUE FORWARD MARCH * Prices Again Advance 10 to 15 Cents —Heavies Favored, Hog Prices Day by Day Sept. 250-300 lbs 200-225 lbs 150-180 lbs. 28. 8.15® 8.25 8.10 (a 8.20 B.oo@ 8.85 29. 8.25@ 8.35 8.2.V<( 8.40 8.254$ 8.40 Oct. 1. 8.404?! 8.50 8.30@ 8.50 8.256,1 8.35 2. 8.25 (w 8.35 8.20 @ 8.30 B.oo® 8.15 3. 8.35 @ 8.45 8.25® 8.35 8.15® 8.30 4 8.50 4c—8.00 8.40 Gt 8.50 8.35 4V 840 Hog prices continued Wednesday’s advance going 10@15c higher in trading at the local stockyards today. The upward revision of prices was attributable to fairly light-'mid-week receipts of 7,500, active shipping de mand and good buying on the part of local packing interests which have bought lightly during the week. A top of $8.60 was paid for some choice heavyweights with [email protected] the prevailing prices for this grade while mixed sold from $8,40 6*8.50 and lights from $8.35 @8.40. Lights showed the "strongest advance, the mixed and heavy hogs having been probably no more than a dime higher than on Wednesday. The bulk of sales ranged from Pigs were generally steady at $7.50 down, due to a lack of competition, while sows were generally a quarter higher, Hghtweights selling down from $7.75 and heavyweights down from $7.50. Wednesday’s light carryover of 216 left the yards fairly clear for the day’s fresh re ceipts which were expected to be cleared. Light receipts of 800 brought steadiness to trading in the cattle market as packers entered the pens early and obtained their supplies at prices generally firm with those of Wednesday. A better feeling exists in the dressed beef trade, a factor contributing to the strength of local prices. The calf market was quotably strong with a few odd calves bringing sl4 though the practical top remained unchanged at $13.50. The bulk sold from $12.50® 13. Receipts, 350. Prices for lambs showed an advance of 50 cents to a top of sl2 while sheep were steady at $6 down. Receipts. 200

—Hog*— fhr.<■(• lights S 8.35® 8 40 Light mixed 8.3.i @ 8.40 Medium mixed 8 0 H- avyw eights 8 50@ 8.t,0 Top 8.60 Bulk of sale* 8 4-(@ 8 >0 Piy S 7.(Kiel 7 0 Packing sow* 7.50® 7.75 —Cattle — Few choice steers [email protected] Prime corn-fed steers. 1,000 to 1 SOO lbs 9.00@ 0.50 Good to choice steers l 000 to 1.100 lbs 8.60® 8.60 Good to choice steers, 1,000 to 1.200 lbs 7 60® 8 00 Good to choice steer*. 1.000 to „ „ „„ 1 700 lbs 7.50® 8.00 Common to medium steers 800 | to t 000 lbs 7.25® 7 60 j —Cows and Heifer*— Choice light heifers $ 9 UOO 10 00 i Good lightweights 7 25-1 9.00; Medium heifers 6 00(i 7 25 Common cows VJO® 600 Fair cows (5.00 H 7 ;>() j Cutters 2 75® 326 Conner* 2.35® 3.75 —Bulls— Fancy butcher bulls $ 5.00® 0.00 Owed to choice butcher bull* 6 90® 6 50 Bologna bulls 4.50® 5.00 —Calves—■Choice veal* $12.00013.60 i Good veals 11.00® I 1.00 Medium veals [email protected] 'Lightweight veals 7.50® 8.00 | Common veals 7.00® 7 50 Common heavies 6.00® 7 00 ] Top 13.60 —Sheep and Limbs— Kxtra choice lambs slo.9o'a 11 60 Heavy lambs 9.00 44 11.00 Cull lambs 6.00® V6O Good to choice ewes .y 3 00® 600 Culls ( 2.00® 300 Other Livestock CHICAGO. Oct.—Hogs-—Receipt*. 29 000; market. 10c higher top. S8 45: bulk. $7.30 *4B 20: heavy weight. $7 75 4 1 8.45: medium, $7.85® 8-45: light. $7.25(88.35; light lights. $0 80® 7 00: heavy packing, smooth. $7.15® 7.40; pocking sows rough. $0.75® 7.15: killing pigs, $0(8 7 50. Cattle —Receipt* 11.000: market, active, feeding steers and yearling* of value to sell above. $0 7>o. strong to 15c un: others slow top mature, 1 . I steers. $12.75: weight slightly above sl4 . other matured steers. sl2 12.65: best long yearling. sl2: several loads s%ld at that price: run includes 2.000 western grass,-rs; be--ves include some Canadian best Western grass steers to killers. $8.7.*: some st.,l, Canadian to feeder buyers. $7 10® 7.60: liberal supply west contingent In feeding class fat she-stock reflecting advance: bulls 15c up: veiilers 26c off: bulk veulers to packers. $11.50; outsiders paying up to sl2 and above Sheep—Receipts. 23,000: active: killing classes steady to $lO up: feeders up: bulk western lambs. sl3; $1,3 25 paid for liest kind: sorted native mostly $12.75 culls $9 and up: few good*fat ewe* SO4, 0.25: bulk feeding lambs. $12.50® 12.85. EAST ST LOUTS, Oct. 4 —Cattle—Receipts. 2.500: market, steady; native lieef steers. SB.IO @ 8,26; yearlings and heifers. $lO ui ; cows. s4®s: eanners and cutters. $2 450 3.50. calves. $124, 12 25 Stocker* and (teders. ss@o Hogs—Receipts 11,000. market, steady: heavy. $7 854,8.40: medium. $8 154,8.40: lights, $7 404(8.30: light lights. $0.25 @ 8.10: packing sows. 96.35® 0.40: pigs [email protected]: bulks, $7.25 4,8.25. Sheep—*R, ceipts. 15 00 mar ket, steady: ewes $3.50 @0.50: eaners and cutters. $163.50; wool lambs. $11612.75. CINCINNATI. Oct. 4.—Cattle—Receipts. ■ 1.250; market, steady, slow; shippers, $7.50 69.7>0 Calves—Market. 50e higher; extras. sl2 613.50 Hogs—Receipts. 4.000; mar ket. steady to loc higher good or choice packers, $8.50 6 8.05. Sheep—Receipts, L. 700: market, steady: extras. $4.504,6. I.ambs—Market, steady: fair to good. $13.50 @l4. CLEVELAND. Oet. 4.—Hogs—Receipts. 3.000; market steady, 10r higher: Yorkers, $8.75 6 8.85; mixed, $8 85® 8.90: medium. $8.856 8.90; pigs, $7.95: roughs. $6.76; stags. $4.50. Cattle—Receipts. 600; market steady, unchanged. Sheep and lambs—Receipts, 800; market steady: top. 313.75. I Calves—Receipts. 300; market steady; top, $14.50. PITTSBURGH. Oet 4.—Cattle —Receipts, light: market, slow: choice $9,404, 10: good. [email protected]: fair, $6.504, 7.35: veal calves, $13.50 @ 14. * Sheep and lambs—Receipts. light marker, steady: prime wethers, $7,750.8: good. $74,7.50: (air mixed. $5.50 @6.50: lambs. $94,14. Hogg—Receipts, 20 dd: market, higher: prime heavy. SB.OO @8.75: mediums. [email protected]: heavy yorlters. $8.890 8.90: light yorkers, $7.5008: pigs, $7 @7.50: roughs, [email protected]: stags. $4 @4.50. EAST BUFFALO, Oct. 4.—Cattle—Receipts. 600; market dull, weak; shipping steers, $9 @10; butcher grades, $7 @8.75: cow*. [email protected]. Calves—Receipts, 200; market active, steady; culls to choice, $3.50 @l4. Sheep and lambs—Receipts, 1,000; market slow, steady; choice lambs. sl3® 14 culls to choice, $8 @21.50; yearlings, $7 @77: sheep, $3 @8.50 Hogs—Receipts, 1.930; market active, steady; Yorkers, $7.75 39; pigs. [email protected]: mixed. $8.90@9: heavies, $8.906 9; roughs, s6®7; stags. $4.50 @5. KANSAS CITY'. Oct. 4.—Cattle —Receipts, 16,000; calves, 1,000; slow, practically no killing steers s-old: she-stock steady to weak: eanners and cutters, bulls and calves steady: stockers and feeders dull, around steady. Hogs—Receipts, 12.000; strong to 100 higher : packers "and shippers, top, $7.00; bulk 150 to 160-pound averages. $7 @7 35; desirable 210-280-pound butchers, $7.80 @ 7.90; packing sows, $6.35 4,0.50; stock pigs steady; bulk, $6.25 @6.60; few $'3.75. Sheep—Receipts. 10,000: fairly active: lambs mostly 10c higher: best western early $12.80; others, [email protected]: few- natives. sl2: aged sheep around steady: few killing ewes, $5.50: feeding lambs and breeding ewes around steady: Texas feeding lambs, $11.30® 11.50; breeding ewes. [email protected]. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift & Cos.: Ribs—No. 2. 23c; No. 3, I7e. Loins—No. 2. 28c; No. 3.23 c. Rounds— No. 2,20 c: No. 3.16 c. Chucks—No. 2, 13c: No. 3.11 c. Plates—No. 2. 6c: No. 3 7c Cloverseed Market Local dealers are paying $7.50@10 a bushel for cloverseed.

Shortridge Graduate Is Given Scholarship

GORDON STEVENS County Superintendent Lee Stvails has appointed Gordon Stevens of University Heights one of the Marion County scholarships to Indiana University. Stevens, a graduate of Shortridge, has just entered Indiana. Marriage Licenses Levi Sawyer. 28 1315 Kentucky: Hester Smith, 26. 1316 Kentucky. .1 A Manley. 21. Bridgeport. Ind.: Martha Cox. 25 Bridgeport. C R. White 27. 843 S. Capitol: Florence Dudley. 25. 105 N Colorado C. L. Saferight, 21. 12 S. New Jersey; Dcssie Mint-*. HI, Camby. Bid G. N Steadham, 21. 110! W. New York; Marguerite Johnson IK. 1438 E. Raymond. J W Hopkms. 24 766 N Belmont: Louise Wolf. 24 2241 VY. Tenth. .1. b Moore 21. 610 N Noble: Irene Vandivter. 17 012 N Noble R. G Kyle, 39. Aurora Ind.; Ava Miles, 24 5320 Ju'ian C A Wolsiffer 32. 1203 S Meridian: Lena Schmoll. 33. 515 E Yandes. Harry Wellmeyer. 20. '1139 W Thirtyrhini Elsie Vehling. 31. 4317 College. Clyde B<*ib 10, 314 N. Holmes: Bertha Breid, 26. 306 N Holmes. L. R. Reed. 20. Y. M. C. A.; Edna Bess, 24 417 E Kelly. Deaths Frank Haydon, 74. City Hosiatal. chronic myocarditis. Odldiah T. Barker. 72. 651 % Arbor, chronic parenchymatous nephritis. Jessm Tyree. 1. 1001 % W. Pear!, gastro enteritis. Lowry Douglas. 1 months. 2606 Shriver. tubercular meningitis. Frank Pollster, 45. Methodist Hosptial, cerebral hemorrhage Nancy J. F raster, 74. 1812 ITospect, •■hro.ilc interstitial nephnU.c Hol m Louise Elliott. 8 months. 2044 N. gastro ententiWarren Carson. 3 months, City Hospital, on,“litis. John Witteomeier, 79, 1259 Madison, arteri osc.lcrosl s Wa rA Lou Dickerson. 1, 4071 Byram. entero ixilitis. Economic Conference Open LONDON. Oct. 4.—Tiie imperial \ economic conference opened its sc- j end session today.

As all of these certificates have been sold, this advertisement appears only as a matter of record. f17,340,000 (Total Issue.) New York Central Lines Equipment Trust of 1923 5% Equipment Trust Gold Certificates GUARANTY TRUST COMPANY OF NEW YORK, TRUSTEE. (Philadelphia Plan.) To he Issued hv the Truslee Under an Equipment Trust Agreement Dated June 1, t9S3. Payable to Rearer, u'ith Optional R< gistration as to Par Value Thereof. Denominations SI,OOO and S.IOO. Dated .lime 1. ID2JS. Serial Maturities of $1.15(1.000 Per Annum, June 1, 19ii4, to June 1, 19R8, Both Inclusive. Warrants for the Semi-Annual Dividends at the Rate of 5 Per Cent Per Annum Mature June 1 and December 1 Certificates and Dividend Warrants Payable at the Office of the Trustee Tiie Issuance of These Certificates Is Subject to Fiyfel Authorization by the Interstate Commerce Commission. Wc Are Advised by A. 11. Smith. Esq., President of the New York Central Railroad Company, as Followj: The certificates are to be issued to provide for part of the cost of the Standard New Railway equipment described below. The title to the equipment is to be vested in the Trustee, which is to lease the equipmnt to the following railrntid companies, which are jointly and severally to convenant to pay rentals sufficient to discharge the certificates and dividend icarrants and other charges as they mature: The Netv York Central Railroad Company, The Michigan Central Railroad Company, The Cleveland, Cincinnati, Chicago <£- St. Louis Railway Company. The equipment to be vested in the Trustee consists of: 2.000 Refrigerator Cars. 30 Steel Motor Passenger Cars. 163 Steel Passenger Train Cars. 2.000 Seventy-Ton Steel Hopper Cars. 2,000 Fifty-five-Ton Steel Automobile Box Cars. 75 Milk Cars. 8 Switching Locomotives. The foregoing equipment is to cost $23,206,939, of which over 25 per cent, or $5,866,939, is to be paid by the Railway Companies in cash at the time of acquisition. THE ABOVE CERTIFICATES ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO FINAL AUTHORIZATION, TO ISSUE AS PLANNED AND TO APPROVAL OF COUNSEL, AS FOLLOWS: $ 1,156,000 due June 1,1924 to yield 5.25% * $1,156,000 due June 1,1931 to yield 5.50% $1,156,000 due June 1,1925 to yield 5.35% $1,156,000 due June 1,1932 to yield 5.50% $1,156,000 due June 1,1926 to yield 5.35% * $1,156,000 due June 1,1933 to yield 5.50% $1,156,000 due June 1,1927 to yield 5.45% $1,156,000 due June 1,1934 to yield 5.45% $1,156,000 due Junes, 1928 to yield 5.45% $1,156,000 due June 1,1935 to yield 5.45% $1,156,000 due Jun/l, 1929 to yield 5.50% $1,156,000 due June 1,1936 to yield 5.45%^ $1,156,000 due June 1,1930 to yield 5.50% $1,156,000 due June 1,1937 to yield 5.45% $1,156,000 due June 1,1938 to yield 5.45% The Average Yield Is Approximately 5.45% Subscriptions for an Equal Amount of Maturity Mill Receive Prior Consideration Subscription books will be opened at the office of J. P. Morgan Cos., at 10 o’clock a. m., Thursday, October 4, 1923. The right is reserved to reject any and all applications, and also, in any case, to award a smaller amount than applied for. Ths amount due on allotments will be payable at the office of J. P. Morgan dc Cos., in New York funds, the date of payment to be specified in the notices of allotment, against delivery of temporary certificates, exchangeable for definitive certificates when prepared. J. P. MORGAN & CO. FIRST NATIONAL RANK , New York THE NATIONAL CITY COMPANY\ New York GUARANTY COMPANY OF NEW YORK HARRIS TRUST & SAVINGS RANK Mew York, October 4, 1928.

PYTHIAN SISTERS ELECT OFFICERS FOR STATE ORDER ‘Love Feast’ Tonight Will Feature Two-Day Session, Election of officers opened the thirty-fifth annual Grand Temple two-day convention of the Pythian Sisters of Indiana' at the K. of P. building. Mrs. Fay Tyson of Butler, Ind.. grand chief, presided. According to custom, Mrs. Mamie Easterday of Mishawaka, Ind., was to be advanced from grand senior to grand chief; Mrs. Emma Hefner of Brookston, Ind., to grand senior; Mrs. Grace Clifford of Kokomo, to grand junior; Miss Cora Hood and Mrs. Minnie Johnson of Bluffton, tQ continue as grand mistresses of correspondence and records; Miss Edna I. May of Shelbyville and Mrs. Mattie Bonewitz of North Manchester, to compete for grand manager. Mrs. Leona Burkett, Rome City, was to advance to grahd protector. Mrs. Mary B. Aikman, Newport, and Mrs. Nellie Stammel, Indianapolis, are candidates for grand guard. Mrs. Laura Burdge, Logansport, and Mrs. Mamie Stipp, Bedford, were to compete for grand trustee. Mrs. Nell C. McCurry, Goodland, and Mrs. Georgia Bates, Ft. Wayne, are candidates for State press correspondent. Approximately 500 are in attendance. Supreme Chief Mrs. Laura McCague of Medicine Lodge, Kansas, Mo., was the principal speaker. A “love" feast” will be served at 6 p. m at the Y. W. C. A. Exemplification of the ritual will be held in the Denison afterward. The Butler Temple degree staff will exemplify the rites, with district deputies giving officers’ charges. A reception was held Wednesday night in the Denison for all Pythian Sisters, Knights and friends. The Grand Lodge, Knights of Pythias, ended its two-day convention Wednesday afternoon with installation of new officers. BISHOP TO CONDUCT RITE Funeral services for Mrs. A. L. Spaulding, 34. who died at the Methodist hospital Wednesday at 6:15 a m.. will be held at 2 p. m. Friday in the Broad Ripple M. E. Church, of which her husband is pastor. Bishop Reed will conduct the rites. Burial in Crown Hill cemetery. Mrs. Spaulding came to Indianapolis with her husband from Brook lyn, Ind., three years ago. She was a member of the Eastern Star. Surviving: The husband; two children. Earl and Floy: the mother, Mrs. James Sams, and! four _ sisters.

HARRISON SAYS SETTLE USES WRONG FIGURES William H. Settle, president of the Indiana Farm Bureau Federation, i used incorrect figures in a recent statement complaining of high taxes in Indiana, William C. Harrison, secretary of the State tax board, said in a letter to Settle today. Harrison said Settle used United States department of agriculture figures indicating taxes on Indiana farms averaged ?2.09 an acre. He said this figure recently was reduced by the department to $1.60. The letter declared the Government figures are of doubtful value because of the few farms represented. MORE TIME GIVEN TO ANALYZE BIDS Works Board to Be Asked for New Sidewalks, Additional time to analyze bids for new buildings at Schools No. 62, 70 and 75 was given to Jacob Hilekene, inspector of construction, by school board today. R. O. Johnson, business director, was instructed to return the deposit checks of concerns whose bids were clearly so high as to make it certain they would not be awarded a contract. The works board will be asked to build sidewalks for two blocks on Minnesota St. near School No. 64, Cotiage and Golay Aves. Parents of puhave complained that in rainy weather it has been impossible for children to reach the school. The school board ordered walks built in the school yard. Births Roy*. Ernest and Beulah Moore, 2172 N. Illinol*. Edgar and Buela Dickey, 2849 Manlove. Maurice and Ellen Wllaon. 217 N Mount. Homer and Mina Shultz, 1505 Mountain. Andrew and Mabel Hutton, 2910 Sherman. Walter and Mamie Jine*. 762 N. Concordia. James and Fanny Brown. 1448 Holliday. Henry and Nancy Heitzman, 1965 Thaiman. Curtis and Gertrude Smith. 614 S. Pennsylvania. Roy and Maude Harbaugrh, 609 W. Twen-ty-eighth. John and Fllimena Gould. Methodist Hospital. , Henry and Charity Browning. Math.vdist Hospital. Jesse and Aline Bowles, Methodist Hospital Girl* William and Flossie Coon. 322 Kochne. Thomas and Lottie La Flare. 1055 S. Sheffield. Frank and Phronia Jones. Methodist Hospital. Nunzio and Josephine Bruno. 859 Fletcher. Thomas and Susie Stdnmetz, Methodist Hospital.

ST. LOUIS AIRPLANE RACES UNDER WAY | HartzelL FC-1 Wins. Trophy on 91-Mile Course, By United Press ST. LOUIS FLYING FIELD, Bridgeton, Mo., Oct. 4.—Walter E. Lees, in a Hartzell FC-1, driven by a ninety horsepower Ox-5 engine, fln- | ished first in the St. Louis Flying Club trophy race for planes of ninety horse power or less, with average speed of 89.13 miles per hour. The course was ninety-one miles. C. S. Jones, in a Curtis Oriole, finished second. P. G. Hutton in a Laird Swallow third. Efficiency Winners Announced C. S. Jones, Garden City, N. Y., won the “on-to-St. Louis” efficiency race. Jones flew 900 miles from his home to St. Louis last week, carrying one passenger, in 47 hours, 19 minutes, flying time, in his 90-horse power Curtiss-Oriole. He wins SSOO and a cup. H. F. Cole, Minneapolis, 900 miles in 27 hours, 26 minutes, without passengers, won second prize of $250. W. W. Meyer, Chicago, Heath Biplane, placed third, prize $150; L. B. Sperry, Farmindale, L. 1., Sperry Messenger, fourth SIOO. STATEINDUSTRIAL OFFICIAL RESIGN? Leland K. Fishback, secretary of the State industrial board, has tendered his resignation to Governor McCray. He will move to Florida in two weeks, where he has accepted another position. Governor McCray is considering a successor for the vacancy caused by the recent resignation of Samuel R Artman, formei chairman, who was appointed to the public service commission. Thomas Roberts becomes chairman. Henry *L. Humrichouser of Plymouth, former State legislator, will be appointed to the board. It is said. Miss Mabel Gray of Crown Point, reporter in the Lake County Circuit Courts, is being considered to succeed Fishback. Miss Gray is said to have been recommended by Willis C. McMahon. judge in the State Appellate Court, under whom she has served. MUR OER TRIAL BEG IN S Trial of Louisa Holt, colored, 30. of 806 W. Walnut St., on a charge of murdering Henry Benent, 917 Colton St., began today before a Crimi nai Court jury. Benent dipd from knife wounds, it is rffarged. Self defense is the/f)lea of tpe defendant.