Indianapolis Times, Volume 35, Number 129, Indianapolis, Marion County, 10 October 1923 — Page 11

WEDNESDAY, OCT. 10, 1923

RALLY SPRINGS .FROM DULLNESS INEARLYTRADE Recovery Is Scored by Many Leaders After Offerings Are Absqrbed, ADVANCE IS GENERAL Both Industrials and Rails Participate in Upturn— DuPont Gains. The WALL STREET JOURNAL NEW YORK, Oct. 10.—The opening of the stock market today was decidedly mixed with advances and declines In leading stocks about equally divided. American Woolen opened fractionally above its previous close, While American Can was off frac tionally. Steel opened at 87 A vast contingent is going to leave the street for the first game of the world’s series > iseball game, so attendance on the or is believed likely to peter out as e session advances. First Hour There was scattered selling in an uninteresting market in the first half hour. Steel was under pressure, selling at 86% against a close of 87%. Studebpker is receiving substantial support around the prevailing levels and Tuesday selling under 95 there was considerable inside buying. This stock has been.one of the favorites of the shorts. Trading proceeded in perfunctory fashion with little or no interest being manifested in the operations on the floor. Second Hour A brisk rally set in after the first j hour had absorbed some overnight i selling orders, chiefly from wire houses, and South Porto Rico Sugar sold at 55, up 4 points from Tuesday’s low, and Punta Alegre at 56%, up % net. Baldwin, among the favorites, showed afractional advance, as dhl Wabash among the rails, while Wool-; worth at 257 was up almost 5 points, j Dupont rallied to 126 against Tues-; day’s low of 123%, and Tobacco Products issues were stronger. Twenty active Industrial stocks on Tuesday averaged 58.06, off .50 per cent. Twenty active rails average 80.33, off .39 per cent. New York Money Market Bv United Financial NEW YORK. Oct. 10.—Time money quiet. Brokers bid 5 % per cent for thirty-day money, frequently paying 5% per cent. Bankers offer at 6% per cent ai! dates. Commercial paper prime names 5 % per cent, good names 5% per cent. GRAINS GO LOWER IN INITIAL TRADE

U. S. Report Causes Drop in Corn —Wheat Follows, By Vnited Financial CHICAGO, Oct. 10. —Grain prices were irregular at the opening of the Chicago Board of Trade today. Wheat displayed an easier undertone. Selling was in evidence at the opening, induced by a weaker corn market, lower outside markets and further indications that foreign countries were offering supplies freely at a considerable reduction untier American values. Liverpool opened lower and later displayed further reductions. Export busines was negligible in the face of offers by foreigners to resell large parcels at concessionary prices. The American Northwest report for the last three days showed a marked increase in arrivals. Bearish construction placed on the government report brought heavy selling in com. The report showed higher conditions, an increasing amount of in sight, larger crop and less damage than was contained in private estimates. Oats moved down with other grains. Provisions scored a slight advance with some local buying. Chicago Grain Table At 11:45—Oct. 10 WHEAT— Prev. Open. Hi?h. Low. Close, close. Dec.. 1.07% 1.09 1.07% 1.08% 1.07*. May.. 1.12 1'.13% 1.11% 1.13 1 12% . 1.12% JUl &'rn' oßT4 Dec.. * .74% .76 .74% .75% .75% 75 % May.. .73% .74% .73% .74% ‘.74 .73% .73% JU QAT3 74 * 75 * ’ 75 % .74% Dec..* .42 % .43% .42% .43% .43% .42% May.. .45 .45% .45 .45% .45% July.. .44% .44% .44% .44% .44% CHICAGO. Oct. 10.—Primary receipts: Wheat. 1.390.000 urainst 1,882.000: com. 631.000 against 1.249,000; oats. 1.034.000 again it 917.000. Shipments: Wheat. 857.000 against 1.091.000: com. 239.000 against 1.006,000; oats, 726,000 against 599,000. CHICAGO. Oct. 10.—Car lot receipts: Wheat. 33; com. 155; oats, 49; rye, 2; barley. 24.

Grain Briefs

CHICAGO. Oct. 10.—What the trade needs to make for a healthier wheat prices is more assurance that the Government will help the fanners. Under such conditions better buying would follow. Prices for old corn are expected to remain high owing to scarcity of the grain. If prices remain attractive and fine weather continues the crop will be rushed to market. it was believed. Around 1.250.000 bushels of wheat ware cancelled by foreign buyers Tuesday. Export business aggregated 400.000 bushels. Wheat may suffer many set-backs, but the trade is looking for higher prices. Ths trade believes it would do the farmer a world of good to receive $1.25 a bushtV Selling of corn Tuesday was based on a report that Illinois. Indiana and Ohio stations were asking bids on new corn. Local Hay Market Loose har—slß@2l: bales. sl7 @2O; light mixed hay, sl7 @2O. Local Wagon Wheat

Your Dollar Uncle Sam Tells Who Gets It'

Auto Tires /V\Cen<s/\ y/L '- >1 \LA!3OR/ K**. \i CLUTh \ 7 Vi I Paofrf d<\/ \\ OVFRHffAD/ roll inc/aefrog/ 1 If '\lAXEfs/\lALe> H iCcuh HE United States is the greatest consumer of raw rubber in the 8- ■ world and a large part of it goes into the manufacture of automobile tires. Recently tire manufacturers, assisted by the Government, took steps to share with Great Britain the contdol of the world's raw rubber supply. The reason for this step Is apparent liom figures gathered by the United States Government, showing that materials in auto tires represent 53 cents In every dollar received by the manufacturer. The Industry employs thousands of men and labor gets 16 cents out of ever dollar while the manufacturer to cover his profit, overhead and taxes has 31 cents left over. Foreign interests have the power to raise crude rubber prices. A 10 per cent raise would add 5.3 to each dollar to the selling price of tires. A 30 per cent wage raise would add 4.8 cents to the sales price. NEXT—Bread

New York Stocks

(By Thomson & McKinnon) Railroads— At 12:45 Prev. Hig.h Low. p. m. close. B. & O 59 58% 58% 58% Can. Pacific 145% ,145 145% 14514 £& O 67% 66% 67 66% C. E. & P... 23% 23 23% 23% Gt. Nor. pfd.. 54% 54% 54% N. Y. Cen.. 101 % 101 100% Nor. Pac 55% 54% 65 34% Pere Marq.. . 42 .... 41 % 42 Pennsylvania. 42% 42% 42% 42% Reading 78% 77% 77% 78% So. Railway 35 .... 34 % 35 % So. Pacific.. .86 % 86 % 86 % 86 % St. L. & S. W. 28% 28% 29 Union Pac.. 129% 129 129% Wabash pfd.. 32 % 32 31 % 32 % Rubbers— Kally-Spg 24% 23% 23% 23% U. S. Rubber 37% 36% 37% 38 Equipments— Am. L0c0... 69% 68% 69% 68% Bald. Loco.. 117% 115% 116% 116% Gen. Elec... 170% .... 170% 170% Lina Loco.. 84% 64% 64% 63% Pullman ... 118 117 118 116% West. Elec... 57% 57% 57% 67% Steels Bethlehem.. . 47% 48% 47 46% C-ucible ... 59% 58% 69% 59 * f States. 76% 74 75% 75 K. I. & Steel 43 42% 43 42% U S. Steel.. 87% 86% 87% 87% Vanadium.. 28% 27% 28% 27% Motors— Am. B. Mag. 26 25% 27 C. Motors... 46% 45% 45% 46 Gen. Motors 14 .... 14 14% Max M. "A” 37% 36% 37% 37% Studebaker.. 07% 95% 96% 96 Stromberr .62% 61% 62 62 Stewart-War. 81% 79% 81% 80 .Minings— Int. Nickel. 11% 11% 11% Tex. G. & S. 57% 67% 67% Coppers— Anv Smelt.. 58 57% . 58 58 Anaconda .. 38% 36% 36% 37% Kennecott . . 83 Vi 33% 33% 33% Oils— Calif. Petrol 18% 18% 18% 19% Cosden 25% 23 25% 25% Marland Oil 24% 23% 24% 24% Pan-A. Pete. 57% 58% 57% 66% P.-A. Pete B. 65% 63% 65 64% Pro. & Ref. 24% 23% 24 23% S. 0 of Cal. 52 61% 52 61% S. O. of N. J. 33 33% 32% 33% Sinclair .... 19% 17% 18% 17% Texas Cos. .. 41 40% 40% 41 Industrials— American Can 91% 90% 91 90% Am Woolen.. 72 70% 71% 70% Coca-Cola ... 74% ... 74% 74 Cont. Can.... 48 47% 48 47% Fam Players. 71% 70 71% 70% Gen Asphalt. 28% 27% 28% 28% Int. Harvester 73% 73% 73 % 73 May Stores. .77 ... 77 76 Mont Ward.. 22% 22% 22% 22% Nat Enamel.. 45 43% 43 44% U 9 C I Pipe 38% 37 38 37% U S Ind Alco 51% 50% 51% 60% Woolworth ..237 253% 154 252% Utilities— Am T and T. 123% ... 123% 123% Consoli Gas.. 81 ... 61 61 Columbia Gas 33% 32% 32% 33% Shipping— Am Int Corp. 17 ... 17 16% Atlantic Gulf. 13 12% 13 12% Int M M pfd. 24 ... 24 23% Foods— Am Sugar... 63 ... 63 61% Am B Sugar. 36% ... 36% 34% Com Pr0d....124% 122% 123% 123% C C Su? pfd. 46% 40% 46% 46% Punta Alegre. 56% 55% 56 66% Tobacco*— Tob Products 57% 56% 57 56%

Produce Markets

INDIANAPOLIS. Oct. ,10. —Fresh eggs. 35c: packing stock butter, 28c; springs. 1% to 2 lbs., 23c; fowls, straight, 23c: fowls, under 4% lbs.. 15c; Leghorns. 26 per cent discount, cocks. 10c: young tom turks. 27c; young hen turks. 27;; ducks, 4 lbs., 13c; spring ducks, 19c; geese. 10 lbs. up, 11c: squabs, 11 lbs to doz., $4; young guineas. 1% lbs. up, doz., $7; old guineas, doz., $4.50. Indianapolis creameries are paying 45c a lb. for butterfat. CLEVELAND. Oct. 10.—Butter—Extra in tube, 49%@51%c; prints. 49%®50%c; firsts. 47%@49%c; packing stock, 34% @ 38 %c. Eggs—Fresh gathered northern extras. 41c; Ohio firsts. 37c; western firsts, new cases, 35c. Poultry—Heavy fowls. 20 @2Bc: light fowls. 18® 21c; cocks, 15® 17c: broilers. 26® 27c; ducks, spring, 18® 22c. Potatoes —Virginia cobblers. ss® 6.75 per barrel; 160-lb. sacks, $4.65. Marriage Licenses A. C. Peck. 26, Lafayette. Ind.; Georgia Shotts. 23, 2425 N. New Jersey. Joseph Randolph. 28, 804 California; Esella Buntin, 24, 804 California. J. W. Browning. 20, 1213 N. Missouri; Lillian Norris, 18. 228 Rankin. W. D. Benjamin. 30. Hotel English: Julia Lowry. 23, Hotel English. E. H. W. Huber, 29. 402 N. Beville; Margaret Richards. 29, 1831 N. Capitol. D. M. Balthrop. 25. 1528 Belleiontaine: Isabelle Batkin, 20. 323 Douglass. E. M. Hoover. 22. 2418 N. Delaware; Reba Runyan. 21. 1121 Newman. O. V. Lewis, 21, 032 Roanoke; Lillian Ranson, 20. 713 W. Twenty-Fifth. Noble Duncan. 21. 1069 W. TwentyEighth; Alma Adair, 23, 313 E. TwentyEighth. Charley Lafferty. 33. 952 Massachusetts; Aurelia Davis. 31. 2460 Ralston. James Sedam. 53, Willow Branch, Ind.; Lillian Kautauzis, 24. 612 W. Pearl. Jess Brown. 32, 1617 Delosa; Rachel Stone, 21. 1014 E. Georgia. J. W follrath, Jr.. 25. 620 E. TwentySecond; Loraine Mueller. 21. 2018 B. Tenth. G. P. Miller. 23. 3171 N. Illinois; Bonnie Baker. 22, 3340 N. Meridian I. I. Gipson, 22, 904 Harlan; Margaret Martin, 20. 740 Prospect. T. K. Bowmna. 29, 110 W. North; Georgia Fie'ds. 23. 55 N. Sheridan. H. E Walton, 27, 2320 W. Michigan: Mabel Chambers. 27. Central Hospital.' F. J. Dhl, 32. 300 8. Meridian; Jessie Moschmeyer, 33. 70 W. Troy. Cloverseed Market •▼* nivin*r *7 KO %

HOGPRICESARE OE MIXED NATURE Heavies Sell Steady While Lights Lose Slightly. Hog Price* Day by Day Oct. 250-300 lbs. 300-225 lbs. 150-180 lbs. 4. 8.60® 8.60 8.40® 8.50 B.3.*>® 840 5. 8.40® 8.50 8.3048 8.40 8.25® 8.35 6. 8.50® 8.60 8.45® 8.55 8.40® 8.50 8. 8.40® 8.45 8.35® 8.40 8.25® 8.36 9. 8.30@ 8.35 8.20® 8.30 8.15® 8.25 10. 8.30@ 8.40 8.20® 830 8.15® 8.20 A mixed tone prevailed in trading in hogs at the local livestock market today, mixed and heavy hogs having sold steady, while the light mixed and light hogs showed losses ranging from 5 to 10 cents, though the average loss was believed no greater than a nickel.. Steadiness in the heavier grades was attributed to a good local and shipping demand, while weakness on the lighter grades was due to the lack of inquiry for this class of stock. Heavy hogs, as on Tuesday, sold at $8.30 to $8.35, with one load bringing a top of $8.40; mixed hogs sold from $8.20 to $8.30; light hogs sold from $8.15 to $8.25, with the bulk of sales ranging from $8.15 to $8.30. Pigs sold steady ,at $7.75 down and sows were steady at $7.50 down. The day’s receipts touched 8,500, including 241 layovers. The supply of hogs was well absorbed by shippers and local packers who divided the receipts in about a normal proportion. A slightly weaker feeling dominated the cattle market, which was under Influence of heavy receipts of 1,200 or more cattle, most of which were of common or medium grades. Only a few loads of good steers were offered for sale. Trading in the calf market was fairly active and at steady prices, choice veals commanding a top of $13.50 and the bulk at $12.50 to sl3. Receipts, 700. Steadiness featured trading In the sheep and lamb market in which choice lambs continued to bring a top of sl3 and sheep $6 down. Receipts, 600. X —Hoe*— Choice lights $ 8.150 8.20 Light mixed 8.20® 8.2;> Medium mixed —. . 8.20® 8.30 Heavyweight* ''B 30® 8.40 Top 8 40 Bulk of sales 8.15® 8.30 Pigs 7.00® 7.75 Packing sows 7.25® 7.50 —Cattle— Few heoice steer* slo.oo® 11.50 Prime corn-fed steers. 1,000 to 1.800 lbs 9.00® 9.50 Good to choice steers. 1.000 to 1.100 lbe 8.60 0 8.60 Good to choice steers. 1.000 to 1.200 lbs 7.500 8.00 ,Good to choice „ 1.700 lbs 7.50® 8.00 Common to medium steers, 800 to 1,000 lbs 7.25® 7.50 —Cows and Heifer*— Choice to light heifers $ 9.00010.00 Good lightweights .......... 7.25® 9.00 Medium heifers 6.00® 7.25 Common cows 6.00® 6.00 Fair cows 6.00® 7'.50 Cutters 2.75® 3.25 Canners .... 2.25® 3.75 —flu 11* Fancy butcher bulls $ 5.00 0 6.00 Good to choice butcher bulls. 6.00® 6.50 Bologna bulls 4.50® 5.00 Choice veals $13.00 0 13.60 Good veals 11.00® 12.00 Medium veal* 7.00®10.00 Lightweight veals 7.58® 8.00 Common veals 7.00® 7.50 Common heavies o.oo® 7.00 Top 13.50 —Sheep and Lambs— Extra choice lambs $12.00013.00 Heavy lambs-. 8.50011.00 Cull lambs 5.00® 7.50 Good to choice ewes 3.041® 600 Culls 2.000 300

Other Livestock By Vnited Financial CHICAGO, Oct. 10.—Ho*—Rcceipst, 27000; market strong; top. $8 10; bulk, s7® 7.90; heavyweights. $7.50 @8.10; medium, 57.550 8; light. $7 20©7.00 light lights $0.70® 7.60: heavy packing, smooth. $6.85 ®7.05; packing sows, rough. so.sO@flß.">: killing pigs. $8 @7.35. Cattle—Receipts. 16.000; market slow at values in line with low time two weeks ago: handyweight and yearlings show less downturn; young short fed natives with moderate supply choice offerings: top matured steers grading choice, sl2: few loads yearlings and han.dywetghts. Si 0 iff 11 most killing classes unevenly weak. 25c off; spots more: heavy id steers and earners and cutters, bulls steady; vealers. 25c up: stoekers and feeders fairly active at week's decline, bulk western sausage bulls. [email protected]; few, $4.75: western grosser bulls, $3.75 @3.85: bulk stoekers and feeders, $5.50® 7. Sheep—Receipts. 26.000: market, fairly active: best fat lambs steady to strong in-between kinds weak; culls and feeding lambs steady: killing sheep scarce steady to strong: good and choice fat western lambs. [email protected]: most natives. $13.25® 13.50; top to city butchers. $13.75; one dock fed yearling wethers, $11.50: two doubles choice range wethers two years old included, $9; feeding lambs. $12.75® 13.23. CINCINNATI, Oct. 10—Cattle—Receipts. 1.100; market steady to dull, weak; shippers. [email protected]. Calves—Market steady: extras. $11.50® 13 Hogs—Receipts, 7.000; market weak. 10® 15c lower: good or choice packers, $8.25® 8.35. Sheep— Receipts. 1.200; market steady; extras. $4.50®6. Lambs—Market for good weak, others steady: fair to good, $13.50® 14. EAST BUFFALO. Oct. 10—Cattle—Receipts, 609; market, slow steady; shipping steers. slo® 12; butcher grades. sß®9; cows. 5175 @623. Calves—Receipts. 100: market active. 60c higher: culls to choice, $4 @sls. Sheep and lambs—Receipts, 000: market, active lambs 10c lower; sheep steady: choice lambs. $14®14.40; culls to choice. sß® 13.50: yearlings. s7® 11; sheep. $3 @8 50. Hogs—Receipts, 3.800: market, slow 20®30c lower: yorkers. $8.40 ® 8 65; pigs, $8.40®8.50: mixed. $8.55® 8.65; heavies. $8.50®8.55; roughs, $6.25 i@7: stags. $4.50®5. CLEVELAND, Oct. 10—Hogs—Receipts, 3.500; market, steady; yorkers. [email protected]; mix*®. $8,50® 8.00: medium. $8 60; pigs. $7.75; roughs. $6.75; stags, $4.50. Cattle —-Receipts, 1.000: market. 25@40c lower: good to choice bulls, unchanged. Sheep and lambs-—Receipts. 2.000: top. sl4. Calves —Receipts, 40.00$; market, steady: top, $14.50. CURB MOVES IN LOW GEAR DURING MORNING TRADING Price Trends Are Mixed, With Some Oils Showing Losses. 81/B 1/ Vnited Financial NEW YORK, Oct. 10.—One of the slowest forenoon sessions In some time prevailed on the curb today, with the trading heavy. In the oijs', Vacuum and Standard of Indiana held firm under light turnover. while Mutual, reflecting the unfavorable turn for mid-continent independent producers, fell off %• Southern States also was weak. Prairie Oil and Gas, also affected In the mid-continent area, was down a point. Ohio Oil was better by %, but Penn.-Mex. Fuel was unable to recover from Its flop to 19 in the previous session. Kentucky was weaker, as were Cities Service and Gulf Oil. A numbe- of the recent market favorites failed to appear on the tape. There was no definite price trend In the industrials. Gillette Safety Razor was up 4%. while Glen Alden Coal fell off %. Reading Coal Rights were a fraction better. Universal Pipe and Radiator Issues were mixed. Hartmann was steady, while Kresge was up % and McCrory Stores B off %. Dressed Beef Prices Wholesale selling prices on dressed beef, Swift A Cos.: Ribs—No. 2,23 c: No. 3. 17a Loins—No. 2,28 c: No. 3.23 c. Rounds— No. 2. 2Qc; No. 8,19 c. Chucks—No. 2, 1X- Vo An lie Plains -Vo n So- Vo

THE INDIANAPOLIS TIMES

WORLD DAIRY CONGRESS ENDS AT SYRACUSE Thousands of Delegates Will Attend Banquet Tonight. Bv I'nitcd Press , SYRACUSE, N. Y., Oct. 10.—Final sessions of the World’s Dairy Congress were held at noon today. Thousands of delegates and dignitaries will leave Syracuse following a banquet tonight, where 2,000 foreigners from every country of the globe will be honored. NATIONAL GUARD IN STATE SHAKEN BY CONTROVERSY Col. John Fishback Refuses to Heed Smith’s Demand for Resignation. Determination of Adjt. Gen. Harry B. Smith to settle disputes in the Indiana National Guard may mean the dismissal of every commissioned officer in the 139th Field Artillery. Charging that dissension has played havoc with the harmony of this organization, Smith has demanded the resignation of Col. John S. Fishback, commanding officer of the outfit, and of "probably twelve other commissioned officers,” Colonel Fishback admitted. Fishback declared it was not his Intention to resign and declared that none of the Qther commissioned officers, whose names he would not reveal, would resign. General Smith, it has been learned, will appoint a court of efficiency to try the officers if they do not resign. General Smith, further, has requested the War Department to recall MaJ. It. W. Barker, Regular Army officer assigned to the guard as Instructor, who Is charged with Inciting the official disorder. Colonel Fishback said Tuesday that Smith has promoted MaJ. Louis E Roberts of Evansville, a National Guard member of the 139th It was said at the Statehouse that Fishback desired Barker appointed to the post. Fishback said Roberts’ promotion had not been recognized by the War Department.

Business News

NEW YORK, Oot. 10.—During the first nine days of October the books of the United States Steel Corporation 6howed substantially heavier incoming orders than were recorded for tho similar period in September. Increasing demand for railroad material, such as tinplate, spikes, bolts and nuts, account in a large measure for greater volume of order* The eorporatio. is now operating at slightly less than 90 per cent of full capacity production. NEW YORK—Jesse L. Livermore, one of Wall Street's most consistent trader*, who planned the preliminary step* in the Ihgrly Wiggly comer and then dropped out when Clarence Saunders refused to carry out th" campaign a* originally worked out, is not through as a trader. When Livermore departed for Europe early in the summer and had the brokerage wires removed from his office, the rumor spread that he had dropped out. This was denied by Livermore when he n turned aboard the Majestic. He said that he would be in the market again wlhttn three or four weeks, hi dfscuseing the market situation he said: "I haven't changed my opinion any since last April. I still think we hava a bear market, but fhero arc a number of stocks which I think lave reached resistance points." NEW YORK—On Sept. 29 there were 1.068.585 shares of United States Steel common (20.83 per cent of the total issue) in the hands of brokers. This is a decrease of 127.836 shares from the number held by brokers on June 30. whieh shows a greater holding of bona fide investors. Foreign holdings had increased 3.758 shares to 210.799 shares since June 30. GHF’AGO —It is reported in tome quarters that pig iron Is being sold at $26.50 and $23 tn Chicago. NEW YORK—The Majestic brought sixtythree boxes of gold consigned to the order and twenty-four boxes consigned to Kuhn. Loch A Cos. The total value of the consignment Is 455.300 pounds. NEW YORK —Inquiries are in the market for steel rails for Brazil, Japan and Australia. Japanese inquiries aggregate about 60.000 tons, and it is expected between 35.000 and 40,000 tons will come to this country, the remainder going to Europe. Steel men do not look for any active inquiries from Japan in other lines for some time.

Building Permits Mary Sedveri, garage 725 N. Bosart. S3OO. Emma L. Horner, garage. 3148 Northwestern, S4OO. Frank Brayton, garage, 2125 Broadway. S3OO. I L. F. Kelvey, office and store, 122 N. ; Noble, $4,000. Eugenia Hamar, reroof, 872 -N, Oriental. $l2O. A. A. Crutchfield, furnace, 2315 Kenwood. $219. J W. Hutchinson, garage. 1120 W. Thirty Third, S4OO. , „ Marion Van Aredall. dwelling. 1918 E. Forty. Second, $1,600. W. G. Miller, reroof, 2956 >'. Delaware. $2lO. Anne White, dwelling. 930 N. Bosart, $3,700. Washington Bank and Trust Company, garage, 4148 N. Capitol, S4OO. E. M. Rathert, garage. 4030 N. Illinois, SBOO. M L. Richards, garage, 4124 N. Capitol, SBOO. Elizabeth B. Noel, reroof, 437 Tippecanoe,' S4OO. 'J Mullane, dwelling. 3340 Julian, SB,OOO- - Bleck, addition, 373 E. Morris. SBOO. Fred Melntire. double, 1302 W. Market, $2,000. _ _ _ , G E. Parker, addition. 5135 E. St. Clair, S2OO. Frank F Woolling, dwelling. 4325 Washington Blvd., $7,000. Thomas Cusack, sign, 476 Massachusetts. S2OO. Frank P. Dillon, garage, 1961 N. Dearborn, $265. Ida M. Klotz, addition. 2933 Central, SI,OOO. Dan W. Le Gore, garage. 4101 Byram, $250. Nora Morris, addition, 1802 Hillside, SI,OOO. Federal EVotric Company, sign. 221 N. Illinois, SI,OOO. Maude Shipman, garage, 715 Olive., $250. T F. Buscher, furnace, 104 N. Chester. s.>so. D. C. Stephenson, reroof, 46 N. Layman. $240. L. F. Klein, reroof, 910 N. Hamilton, $375. Emil E. Luedeman, dwelling, 957 E. Raymond, $4,000. Mary E. Major, addition. 954 N. Tuxedo. $250. v rank F. Brooks, garage, 941 N. Beville, $4lO. vv. M. Martin, furnace, 629 E. Pratt, S2OO. Sisters of Good Shepherd, smoke consumers. 11l VV. Raymond. S9OO. Joseph Trippa, addition, 739" W. New York, S2OO. Stephanno Schussler, repairs, 301 N. Pine, $250. Ralph G. Lockwood, wall. 1320 VV. ThirtySixth. $250. J. W. Pendergast, repair furnace, 1322 College, $325. Thomas Johnson, dwelling, 3506 Prospect. $2,000 E. M. Schofield, dwelling, 3522 Prospect, $2,000. •T O. Conger, dwelling. 1717 Asbury. $2,733. -p C—Hh enrr*n n . 1831 Wordhwn

‘BLUE SKY’PAST OF REALTY FIRM BAREDBY STATE Grand Jury Probe Into Affairs of Local Company Hinted, The Realty Building' ad Finance Company, against officers of which charges of embezzlement have been filed, has had a history of ups and downs, records of the State "blue sky” commission show. Frits G. Heinrich, secretary-treas-urer of the concern, has been released on bond following his arrest. Police are still looking for Lyle T. Laub, president of the concern. The business of the company, according to statements filed with the “blue sky” commission, was that of "taking over” property with the understanding that the company was to buy a lot and build a house for the owner of the property. Capital Stock SIOO,OOO The concern was capitalized at SIOO,OOO with $50,000 of comnipn stock and SOO,OOO of preferred. Laub owned one share of common stock. The concern was licensed to sell stock June 5, 1923. The license was revoked Aug. 8, 1923. The revocation was annulled Aug. 21, 1923 and the license was revoked again Tuesday. When the license was revoked the first time these reasons were given by the securities commission: "That the affairs of the subject company are In unsound condition. "That certain statements In the application for the license herein revoked are not in accord with the facts. “That certain published statements of condition did not properly show the fact as of the time of such statement. Misrepresentation Alleged “That the subject company has not proceeded precisely as represented in the application for this license herein revoked.” * Records show that In the application for a license Laub answered the question, “Have you ever been charged with fraudulent acts?” In the negative. Under date of Aug. 2, 1923, there appears a report signed by "Operative 4” declaring Laub “has been in several shady transactions and according to the record never showed a disposition to meet his obligations.” Then follows Laub’s court record. It shows that on June 2, 1915. he was fined $25 and sent to the State farm on a charge of petit larceny. On Juno 10. 1918, according to the report, he was fined $5,000 and costs in the Marion County Criminal Court and sentenced to serve one to five years in the State Reformatory on a charge of issuing fraudulent checks. A number of minor cases In which Laub was released also are shown. Responsibility Shifted The record shows that after these facts were revealed, Ferdinand J. Montani, attorney for Laub, filed an affidavit taking responsibility for the statements In the original application, which bore Laub's signature under oath. G. F. Olwin, secretary and manager of the Better Business Bureau, declared he had received numerous complaints concerning the Realty Finance and Building Company. Scores of property owners have turned their homes over to the company, it was said. Some of them, Olwin said, complained the company did not build houses) according to specifications and otherwise did not live up to their cont racts.

Jury Probe Expected A grand Jury Investigation of the affairs of the company is expected. Heinrich was arrested upon an affidavit filed by Wiliam Waters, custodian of the Indiana National Guard Armory, Sixteenth St. and Boulevard P;. According to Waters' attorney, he Invested his entire life savings, $4,750 In a house purchased from the realty company. This was supposed to be free of incumbrance, but Waters later discovered there was a $4,000 mortgage upon It, the attorney states. Waters Is a retired Army sergeant. Attorneys for other clients of the company have conferred with Prosecutor William P. Evans, it is said. SHRINE THEATER PARTY Members to See “Partners Again” at Murat Monday Night. Although musical shows are always popular with the Shriners, they like variety, and “Partners Again,” which offers more of the laughable and pathetic business relations of Potash and Perlmutter, is the choice for their next theater party at the Murat Monday night. Good seats are still available. Dancing and refreshments are planned in the Egyptian room after the performance. Advertising Men to Feast “Heap small talk and much big eats” is the feature for the luncheon of the Advertising dub of Indianapolis at the Chamber of Commerce Thursday. Food products of nationally known firms will be served After the “feed” Monroe Jester of the Indiana Printers’ Supply Company will talk on ‘'French Advertising.” School for Revenue Collectors A school for instruction of sixty internal revenue collectors will be conducted Oct. 16-18, preparatory to a campaign on overdue personal Income tax payments, Oct. 20 to Nov. 1, Burt Thurman, collector, announced today. An official from the Washington dedartment will conduct the school. Evansvillo Judge Resigns By Vnited Frees EVANSVILLE, Ind., Oct. 10.--Cir-cuit Judge Philip C. Gould announced today that he resign Dee. 1. Gould said he would resume law practice and denied rumors that he would be a candidate for Congress. Steamer Afire at Sea By Vnited Press SAN FRANCISCO, Oct 10.—The freighter Stanley Dollar, with a crew of thirty is rushing Id San Francisco from 100 miles out to sea with fire in h<"- No. 3 hold, according to radio dla-

STINNES SEEKING DICTATORSHIP DYER GERMAN NATION • Stresemann Challenges Rule and Is Given Absolute / Power, By CARL D. GROAT, United Press Staff CorresnandFnt BERLIN, Oct. 10.—The Stresemann cabinet Is given dictatorial powers for six months In a bill which passed its second reading shortly before midnight. The measure may be rushed through its third reading. The government can no longer evade the issue raised by Hugo Stinnes,. who, It now appears, sought a virtual industrial dictatorship. Replies from Belgium and France having unanimously rejected Stresemann’s proposal for Immediate negotiations, the chancellor must settle definitely whether his cabinet, big business or labor is going to run Germany. Stresemann was waiting to hear from the allies before taking the lights with Stinnes. The latter wg.s called a traitor in the Reichstag by a Communist deputy and it was noticeable President Loeb did not reprove the speaker. U. S. NEGOTIATES NEW TREATY WITH GERMANY Pacts of Commerce and Amity With Austria Also Considered. Bv United Preen WASHINGTON, Oct. 10.—Negotiations Involving anew commercial treaty with Germany will be begun soon, it was larned at the State Department today. Similar treaties of "commerce and amity" with Austria, Finland, Latvia and Esthonla are also under consideration. BOOSTERS SIGN FOR TRIP More Than 125 Business Men Arc Expected on Indiana Tour. Fifteen local business men have registered for the Chamber of Comcerce “courtesy trip,” Nov. 8-10, through #outhern Indiana, it was announced today by L. G. Ferguson, secretary of the Chamber of Commerce, wholesale trade division. More than 125 boosters are expected to make the trip. Those in charge: Ferd L. Hollweg, chairman; Robert M. Bowes. Alfred W. Buschmann, C. H. Crowder, L. G. Ferguson, J. M. Halr.es, C. F. Klee, Perry Lesh, Robert H. Tyndall and Max H. Ziegler. CUT IN TWO BY SAW Butlervllle Youth Meets Instant Death at Mill. Bv Times Special VERNON. Ind., Oct. 10.—Cut in two by a saw. Arthur Koontz. 24. of Eutlerville met instant death while employed at Benjamin Wright’s sawmill.

Gone, but Not Forgotten

Automobiles reported stolen belong to; Ella Sherer, 924 Arbor Ave., from 1252 Standard Ave. Saunders-Heater-Mitchell Company. 330 N. Delaware St., from Illinois and Washington Sts.

BACK HOME AGAIN

Automobiles reported found belong to: Charles Woody, 351% Massachusetts Ave., at Wabash and Pennsylvania St. Carl Felch, 1236 Evison Ave., at Dearborn and E. Washington Sts. Football Duds fcave the Day Justin F. Seal, 2328 E. Michigan St., told police Tuesday night that a football uniform saved him from a trip home in a barrel. While practicing with the Cathedral football team at Eagle Creek, Seventeenth St. and the Canal, his suit of civilian clothes and $2 were taken. Police are searching for two colored boys seen leaving wfth the suit. County to Complete Bridge Repairs to the west pier of the Thirty-Eighth St. bridge over Fall Creek, to cost $4,900, will be completed by the county this week. One hundred • eighty cubic yards of concrete is being poured around the base of the pier, left exposed through lowering of the stream bed by removal of gravel. Five Face Speed Charge Five men fell Into the hands of the law charged with speeding. They are: Augustus Belt, 28, of 6034 Lowell Ave.; Edward Grice, 28, colored, reax of 3704 N./ Pennsylvania St>; Claude Stenger, 28, of R. R. E. box 361.; Joseph Burnett, 25, of 61 W. Ray St., and George Barker, 24, of Detroit, Mich. Attacks Phone Rate Order Corporation Counsel Taylor E. Groninger has filed suit to ••have the public service commission order of Aug. 11 increasing rates of the Indiana Bell Telephone. Company throughout the State declared unreasonable and void. Railroad Sale Postponed Auction sale of the Central Indiana Railroad, Mill be shield at Anderson, Dec. 3, Charles Martindale, Federal master In chancery, said today. The sale was set for Tuesday. The road runs from Muncie to Brazil. By order of Federal Court no bid less than $945,000 Mill be considered. sc • ' Water Official to Spr-ak Frank C. Jordan, secretary of the Indianapolis Water Cofnpany, will speak at the Y. M. C. A. bean supper

Former Postoffice Official Snccumbs

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CHARLES W. BYFIELD Hundreds of postoffice employes mourned for Charles W. Byfleld, former assistant postmaster, who died early today at his home' 1729 N. Illinois St., after an illness of several months.

DRIVER RETURNED TO TRAFFIC SQUAD Police Investigate Violation Reported by Boy Cops, Trafficman Emmett Tolle was transferred back to the police accident prevention bureau today, following two weeks as driver for Chief Herman F. Rikhoff. This brings the accident prevention squad back to full strength the others being Owens, Paul and McMahon. Succeeding Tolle as the chief’s driver was Trafficman William Brooks. The Indianapolis accident prevention film will be shown to employes of the Indiana Bell Telephone Company 2 p. m. Friday. Officers today Investigated a report of Jeff Nelson and Leroy Hickman, junior officers at School No. 11, Thirteenth St. and Capitol Ave., that a colored woman In an automobile failed to stop at Capitdl Ave., paid no attention to their signals and almost ran Into a group of children. HARDWARE DEALERS PUSH SPORT GOODS Indianapolis Stores Regarded as Models Says Owner. Indiana hardware dealers 'today adopted a resolution advocating increased interest among tradesmen in ♦porting goods, at the annual convention of the Winchester Qlub of Indiana in the Claypool. Indianapolis hardware stores are regarded as models, said William E. Van Talge, Indianapolis. A booklet showing photographs of local stores, :.nd explaining their methods of operation will be made soon to be distributed to retailers throughout the country, he said. Speakers today were; P. C. Frayser, St. Louis; C. O. Ralls, Chicago; William E. Van Talgo, A. S. Gronemeier, Mt. Vernon, Ind.; W .L. Hubbard, Scottsburgh, Ind.; R. W.Pickett, Greenfield , Ind.; A. S. Ames, New Haven, Conn.; C. A. Ireland, J. L. Schatzmann of the sales service division of the Winehester-Simmons Company, showed correct window displays. RITES FOR OLD RESIDENT Miss Catherine McDougal Funeral Thursday at Residence. Funeral rites for Miss Catherine Mc'Dougal, S3, who died at her home, 201 N. Temple St., Tuesday, will be held at the home Thursday at 10 a. m. Burial will be at New Pales'tine. Miss McDougal had live# In Indianapolis for the last sixty years. She was a member of the Second Presbyterian Church. Surviving: A brother, Bugald McDougal, and two sisters, Mrs. Isabelle Magill and Miss Mary McDougal. Mike Dillon Arrested Mike Dillon, 42, of 742 S. Capitol Ave., was arrested on a blind tiger charge today when Lieutenant Stoddard confiscated ten and a half pints of white mule and a pint of genuine whisky at Dillon's home.

'SB LIBERTY BONDS SELL 415 LEMCKK BUILDING TOQu GOOD GOODS (apital Gtg fcint 100 PER. CENT * PUHE is a paint that satisfies. Made ioo% pure and J so proportioned as to produce, from the prop>4% \ erty owner’s standpoint, the most enduring / | \ and economical results. It substantiates oar /IV datm of the greatest possible value at the lowIV est possible price. ) I \\ We suggest that you see oar deale* in yoo* ( j, / H vicinity. He has some interesting fads and \ jlnA % urc * conctrn^n g the economy of Capital Paint 8C Color Company INDIANAPOLIS, IND.

$77,500 TAX COT MADE BY SCHOOL BOARD IN LEVIES Proposed IV2 Cents for Teacher Pension Fund Is Eliminated. Complete elimination of a proposed 1% cent levy for creating a teachers’ pension fund and modifications of the 1924 Indianapolis school city tax levy to save $77,500 for taxpayers, are shown today in anew set of figures submitted to the State board of tax commissioners by the board'of school commissioners. The additional figures were requested by the tax board at a hearing Monday when protests were heard against levies for the civil vity, the school city, the board of health and the park board. Numerous changes shown In the new set of figures submitted: Tuition fund reduced from 58.7 cents on the SIOO to 51 cents; free kindergarten fund Increased from 8 cents to 8% cents; library fund reduced from 5 8-10 -cents to 4 2-10 cents; special school fund Increased from 16 4-10 cents to 25 6-10 cents; building fund allowed to remain at 17 8-10 cents; teachers' pension fupd of 1% cents deleted. Present" total levy, 99 Vi cents, original levy 100% cents. William A. Hough, tax commissioner, suggested ot school officials Tuesday that the increased burden caused by the 17 8-10 cent levy, foi* constructing anew Shortridge high school and for remodeling Manila] Training high school, be spread over a two-year period. This would result In easing a burden of more than $1,000,000, he said. E. U. Graff, superintendent of the city schools, objected, asserting the building program would be seriously hampered by such a procedure.

DRIVER HELD IN FATALACCIDENT John Reich art Faces Charge of Manslaughter. Charges of Involuntary manslaughter were ordered placed against John Relchart, 59, of 4034 Carrolton Ave., by Coroner Paul F. Robinson today. Relchart was arrested after an accident Tuesday at Sixty-Third St. and the Allisonville Pike, In which Frank Showalter, 54, of Logansport, Ind., celved fatal Injuries. Reichart was charged with assault and battery and improper driving, and Walter H. Carter, 31, of Logansport, Ind., driver of the truck, was held on an assault and battery charge. Witnesses say that Reichart’s car hubbed the front wheel of the truck and sent it into the ditch. Showalter fell off. The rear wheels passed over him, crushing both legs, and inflicting internal injuries. BULLET GLANCES FROM SIDEWALK; KILLS MAN Detective Tires Shot When Escape is Attempted. By United Press EVANSVILLE, Ind., Oct. 10.—Gui Donnerman, 25, was shot and killed here last night by Detective Charles Taylor. According to police, Donnerman was wanted in connection with theft of a watch. Officers located him last night and when Donnerman tried to escape, Taylor fi.-ed to the sidewalk. The bullet glanced and struck Donnerman in the back. He died in the detective’s arms. Punch Boards Confiscated. Police today confiscated 8,000 punch boards from rooms of the Hoosier Square and Compass Club. The club had been raising funds through the boards, but discontinued upon request of Prosecutor William P. Evans several weeks ago. club officials said. Claude Worley, prosecutor’s investigator, said he had warned the club to dispose of the boards. College Ave. Civic Club Meet “The Kindness Cup,” community fund film, will be shown tonight at the College Ave. Civic Association meeting at the Moravian Church, 2502 College Ave.

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