Indianapolis Times, Volume 35, Number 133, Indianapolis, Marion County, 15 October 1923 — Page 11
MONDAY, OCT. 15, 1923
LIST EXPERIENCES JiUDDEN REVERSAL OF [ISOLD FORM Speculative Leaders Make Sharp Recoveries After Dull Opening, CHANGE IS PHENOMENAL No Outside Developments Are Held Accountable for Rapid Change, 'The WALL STREET JOURNAL’ XEW YORK, Oct. 15.—The developments over the week-end had about the same general characteristics as had featured the news since the start of the current period of narrow, sluggish trading on the stock exchange. Foreign dispatches furnished no hope of an early improvement in the reparations tangle while items bearing on the domestic business situation demonstrated that conditions were unchanged. Price movements were withsignificance in the early dealings with fluctuations in the active stocks about equally divided between losses and gains. First Hour Stocks experienced a sudden reversal of form after the early dealings and the speculative leaders had sharp recoveries, running from 1 to 3 points. No outside developments took place which might have accounted for this abrupt change of trend. It simply represented a recoil from the bearishness that had become altogether too general. As J. S. Bache & Cos. points out, the market could execute a turning movement nad go up for a while, based wholly on technical and psychological conditions. Twenty -ctive Industrial stocks on Saturday averaged 87.13, off .03 per cent. Twenty active rails averaged 79.19, off .04 per cent. Foreign Exchange By United Financial NEW YORK, Oct. 15.—Foreign exchange opened irregular. Sterling, demand. 54.52 % : •ble. $4.53. Francs. demand, 814%c: cable, 6.14*i0. Lire, demand. 4.67%c; cablae. 4.58a Belgians, demand. 5.27 %c: ,-abie. 6.28a Marks. 4,000,000,000 to the aollsr. Czech, demand. 2.97 Xc: cable, 2.98 Ho. Swiss, demand. 17.93 c; cable, 17.95 c. Guilders, demand. 30.25 c: table, 39.28a Pesetas, demand. 18 58c: cable, L3.58a Sweden, demand. 26.39 c: cable, •.’<i.4Bc. Norway, demand. 15.52 c; cable. 15.560. Denmark, 17.67 c: cable, 17.61 c.
Produce Markets
Oct. 16.—Fresh eg**, loss off, 350: packing stock butter, :28c: sprints under 2 lbs.. 28c: sprints orer 2 lbs.. 19o; fowls. 4 lb®, up. 220: fowls under 4 lbs., 17o; leghorn poultry, 25 per cent discount; codes, 10c: young tom turkeys, 12 lbs. up. 27c: young hen turkeys, 8 lb®, up, 27c: old tom turkeys, 22c: ducks. 4 lbs. up, 15c: geese. 10 lb®, up, lie; young geese. 8 lbs. up. 15c: squabs. 11 lbs. to the dozen, S4: young guineas, 1H lbs. up, dosen, $7; old guineas, dozen, $4.50. Indianapolis , creameries are paying 46c a lb. for butterfat. Births Girls Harry and Julia Herron. 4022 S. Eastern. William and Anna McGill. 2353 it. Adams. Katph and Bessie Storms. 1337 Udell. Hamilton and Beatrice Craig. 1407 Wade. Lester and Alvenla Nagley. 338 S Rural. Robert and Olive Fiedler. 934 N. Sheffield. Cornelius and Laura Loughery. St Vincent Hospital. Carl and Elizabeth Thome, St. Vincent Hoepit&l. Boys Clayton and Kate Rigsbee. 3524 Salem. : William and Thelma White 3228 Lancaster. Harry and Catherine Galloway. 1210 W. Twenty-Ninth. George and Leona Egcnolf, 1121 Hoefgen. Glen and Nola Leitzman, 8223 Schofield. James and Majmc Luck. 19 Jefferson. Claud and Eunice Shelby. Long Hospital. Ervin and Grace Barker. Long Hospital. Fred and Sylvia Cook. Long Hospital. Ralph and Fannie Tolliver, lIP S. Liberty. James and Mary Shanahan. 1440 Hoyt. Raymond and Eva Sever. 438 N. Emerson. Albert and Ethel Redmond. Deaconess Hospital. Peter and Gladys Ransdell. 1225 E. Raymond. William and Gladys Dean. 1602 English. Charles and Irene Batesman, 2130 Wendell. Daniel and Leura Coatee. St. Vincent HosP “3L rles and Dorothy Hadley. St. Vincent Hospital. ® Deaths Verl Eugene Whitaker. 1 month. 534 N. Lynn, pnenmonta. Elisabeth K. Mayer. 33. Bt. Vincent Hospital. peritonitis. Joseph Henry Poster. 68, 1537 Barth, chronic interstitial nephritis. Elisa Jane Jones, 66. 537 N. Pershing, ■ arrfnoma. Anna Cook. 67. 2345 N. New Jersey, hypostatic pneumonia. Infant Apple. 4 hours. 1419 Woodlawn. premature birth. Sarah B. Tansel. 71. 1218 N. Warm an, cerebral apoplexy William Whitehead. 70, 8226 E. TwentyFifth, cerebral hemorrhage. Edward Gant, 96. 751 W. Walnut, arterio ndarosi*. Granville Htmma. 50, 418 W. Fifteenth. interstitial nephritis. Albert G. Applegate, 33. 20 S. Temple, pulmonary tuberculosis. Eunice Owens. 62, Flower Mission, pulmonary tuberculosis. FT. WAYNE EDITOR DIES -lesae A. Greene, succumbs After Lingering Illness By Time* Special FT. WAYNE, Ind., Oct. 15.—Jesse A. Greene, editor of the News-Senti-nel, artenoon newspaper, died at his home late Saturday after a lingering illness. * Mr. Green was prominent in the affairs of the Republican party in Indiana. He was bom in Indianapolis in 1817, the son of the Rev. Dr. and Mrs, J. W. Greene, well known Alethedist minister. He la survived by the widow and a con, Henry ampbell Greene, a greshat Wabash College. GRAPPLERS TO GET BUSY The headlock and toe hold will take thsir places in the local sporting jar- : gon during the present month, when the Pivot City A. C. will put on Its first wrestling „ match of th© season, Oct 24. Sam Markus, matchmaker of the club, anounced Sunday that he has signed Johnny Myers of Chicago, middleweight, for one of the principals 'n the feature attraction that night '
New York Stocks
(By Thomson & McKinnon) —Oct. 15— Railroads— 12:45 Prer. High.' Low. p. m. close. Atchison .... 97% 97 97% 96% -B & 0 67 56 % 68% 68% C & 0 66% 66 60% 65% C, R & P 23 22% 23 22% Gt North pfd 54% 64 54% 54% N Y Central. 101% 100% 101 100% Nor Pacific. . 54% 64% 64% 64% Reading 77% 76% 77 76% Sou Railway. 33% 33 33% 33% Sou Pacific.. 86% 80% 86% 86% St. Paul pfd. 28% ... 26% 26 V Pacific 129% 128% 129% 128% Wabash pfd.. 31% 30% 31% 30% Rubbers— Kelly-Spr. ... 23% 23 23 % 23% U S Rubber. .37 ... 87 36 % Equipment*Am Locomo.. 70 69 69% 68% Baldwin Loo. 116% 114% 116% 115% Gen Electric.. 64 63 % 64 63% Steels— Bethlehem. . . 47% 40% 47% 40% Crucible 60% 68% 69% 59% Gulf States.. 74% 72% 74 72% R. Iron A 8.. 43% .... 43% 43 U. S. Steel.. 37% 86% 87% 80% Vanadium ... 27% 27% .... Motors— Chandler M... 45% 4ft% 45% 43% Gen. Motors.. 13% 13% 13% 13% Max. M. (A) 37 .... 36% 36% i Studebaker. . 96 % 94 % 96 % 94 % Stewart-W... 82% 81% 82% 80% Timken 34% 34 34% 34% Minings— Int. Nickel.. 11% 11% 11% 11% Coppers—i Am. Smelt... 56 55 56 55% Anaconda ... 36 % 85 % 36 % 85 % Kennecott ... 82% 32 32% 32 Oils— Cal. Petrol... 19 18% 19 18% Cosden 25% 25% 25% 25% ; Marl and Oil. 24 28% 24 23% P-Am. Pete. . <57 56% 57 60% P-Am. P. (B) 55 54% 54% 63% Pro. A Ref.. 22% 21% 21% 21% Pure Oil ... 17% 17% 17% 17% S. Oil of Cal. 52% 51% 51% 61 S Oil of N. J. 33% 33 33% 33 Sinclair 19% 18% 19 19% Texas Cos 41 40% 41 Industrials— Allied Chetn. 63% 61% , 63 63 Amer Can... 92% 90% 92% 90% Amer Ice ... 86 % 85 % 86 % 85 % Amer Woolen 72% 70% 72% 71 , ' Cent Leather. 15% 15% 16% 14 % Cont Can 47% 40% 47% 47% Fam Players. 70% 69% 70% 09% lint Harvester 74 73% 74 73% Nat Enamel. 44% 44 44% 44% Sears-Roe . . 78 77 % 78 C S C I Pipe 37% 37% 37% 86% U S Ind Alco 51% 60% 51% 60% Utilities—lAm T and T. 123% ... 123% 123% [Con Gas 01 60% 61 60% Col Gas 32% ... 32% 32% Shipping— Am Int Corp 16% 16 16% ... Int M M pfd 23% 23% 23% 23% Foods— Corn Prod .123% 123% 128% 122% Cu Cn Sug pf 45% 44% 45% 44% Cu-Am Sugar. 30% 30% 30% 30% Punt a Alegre 56 54% 54% 55% Tobaccos—lAm Tob C 0.151 148% 156% 147 Tob Prod B. . 66% 65% 55% 50% CORN IS LEADER IN GRAIN SLUMP Liberal Offerings Cause Decline —Wheat Affected, ; By United Financial CHICAGO, Oct. 15.—The opening | on the Chicago Board of Trade today : was unchanged to fractionally lower. A decline in Liverpool, favorable crop news and reports that Russian I grain was being offered on the Canadian market at Considerable reduction under the American value, resulting in a weak wheat market.- The i downturn in Liverpool followed withdrawal from the market by millers who were good buyers Saturday. Export business was negligible. Favorable crop news emanated from all sectloins of the winter belt. Corn led other grains in the slump, induced by more liberal country offerings and the arrival of new corn In all markets. The weakened condition of the cash department also had a sentimental effect on trading. Ru- : mania was reported to have sixty mil- : lion bushels of corn available for exI port. Oats were dull and neglected on a j featureless market. Nothing was done In provisions and j prices remained unchanged. Chicago Grain Table —Oct. 15—-' WHEAT— Prer. Open. High Low. 11:45. close. Dec. .1.08% 1.08% 1.07% 1.08% 1.08% 1.08% 1.08% May .1.12% 1.13 1.12% 1.13% 1.12% 1.12% 1.12% July .1.09 Vi 1.09% 1.09 1.09% 1.09% CORN— Dec. . .75% .70% .76% .76% .70 .75 % .75 % May . .74% .74% .74 .74% .74% July . .75 .75% .74% .75% .75% • .75% .75% .OATS— Dec. . .43 43% .42% .48% b. 43% *.48% May . .45% .45% .45 .45% b 45% July . .. .. .. b. 44% CHICAGO. Oct. 15.—Car lot reoeipts: Wheat, 108; com, 318; oats. 150: rye, 4.
PARK & TILFORD STANDS OUT IN CURB TRADING Stock Advances Nearly Two Points to Year’s Record High. By Vnitei Financial NEW YORK, Oct. 15.—Park & Tilford stood out prominently at the opening of the curb, the stock featuring the early dealings today with a run-up of nearly two points to anew record high price at 27%. Many of the oils made fractional gains, including Standard Oil of Indiana, Humble Oil and Standard of New York. Allowing for the dividend reductions, the Cities Service issues continues to display a steady tone. Cuba Company sold at 34%, up %.
Papyrus Facts Here’s what the great English rayce horse did as a 2-year-old: v >' in the Two Thousand Guineas at Newmarket. First in the Chester Vase at Chester. First In the Derby at Epsorn. First in the Yorkshire Stakes t York. Second at Doncaster in the St. Ledger Stakes. And here’s what he did in 1922 as a 2-yea^pold: First in the Pendergast Stakes at New market. First in the Gordon Stakes at Goodwood. , First in the Neville Plate at York. Papyrus races Lev, American champion 3-year-old, at Belmont Park, New York, Saturday.
LIGHT HOGS FALL BIW LEVEL Heavies, However, Sell Steady to 5 Cents Higher, Hog Prices Ilay by Day Oct. 250-300 lbs. 200-225 lbs. 160-180 lbs. 9. 8.30® 8.35 8.20® 8.30 8.15® ,8.25 10. 8.30 * 8.40 8.20® 8.30 8.15® 8.20 11. 8.50® 8.65 8.40® 8.50 8.35@ 8.40 12. 8.25® 8.35 8.15® 8.25 B.lo® 8.20 13. 8.20® 8.25 B.lo® 8.20 8 00® 8.10 15. 815® 8.30 B.oo® 8.15 7.90® 8.00 Light hogs sold below $8 in trading at the local livestock market today for the first time In almost three months, due to large receipts of this grade of stock and a more urgent demand for the heavier kinds. Selling from $7.90 to $8 lights showed a loss of generally 10c to 25c, while medium hogs at $8 to $8.15 were probably no more than 5c to 10c lower and heavies at $8.15 to $8.30 were steady to 5o higher, Saturday’s top price having been $8.25. The bulk of the day’s business was done between $7.90 and $8.16. Large receipts totaling 9,000, Inclusive of Saturday’s carry over of £,620, contributed largely to the decline In prices for lights, as did the disposition of buyers to display preference for the more matured hogs, which have not arrived at the yards in sufficient quantity of late to supply the demeld. Pigs reflected the decline In lights, only the best kinds commanding $7.25, while packing sows sold fairly steady at $7 down. The cattle market was somewhat Irregular and trading slow, duo to receipts of 800, of which the bulk was of common quality. There wore no prime fed cattle offered for sale, though a few fairly good steers managed to sell at fairly steady prices while a “grassy” stock moved as usual, under great difficulty and at generally concessionary prices. The calf market was strong, several calves having sold at a top of $13.60, while the moved between $12.50 and sl3. Receipts, 600. Though no lambs brought more than sl2, the market was regarded as steady and sheep also sold steady at $6 down. Receipts, 200. —Hof§ — Choice lights $ 7.0015 705 Light mixed 7.95 CT 8.00 Medium mixed B.oo® 8.15 Heavyweights 8.15® 630 Top 8.30 Bulk of sales 7 90® 8.15 Pigs 0.75® 7.25 Packing sows 6.75® 7.00 —CattleFew choice steers $lO 00® 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 lbs 8.50® 8.60 Good to choice steers. 1.000 to 1.200 lbs 7.60® 8.00 Good to choice steers. 1,000 to I. lbs 7.50® 800 Common to medium steers. 800 to J.OOO lbe 7.25® 7.50 —Cows and Heifers— Choice to light heifers $ 9.00® 10.00 Good lightweights 7.25® 9.00 Medium heifers .. . o.oo® 7.25 Common cows 5.00 w 6.00 Fair cows 0.00 % 7.50 Cutters 2.75® 3 25 Cancers 2.25® 3.75 —Bulls— ' Fancy butcher bulls $ 5.00® 0.00 Good to choice butcher bulls. B.oo® 5.50 Bologna bulls 4.60® 5.00 Choice veals sl3 00® 13 50 Good veals . . ... 11.00®12 00 Medium veals 7.00® 10.00 Lightweight veals 7.50® 8.00 Common veals 7.00® 7.50 Common heavies 6.00® 7.00 Top 1350 —Sheep and Lambs— Extra choice lambs $10.00312.00 Heavy lambs 9.50311.50 Cull lambs 6.00 3 7.50 Good to choice ewes 3.00® 6.00 Culls 2.00® 3.00 Marriage Licenses R. H Bohlsen, 21. 1930 8. Cooper; Elizabeth Harrell. 19, 2024 Sherbrook. F. W. Reed. 44. Hotel Denison; Minnie Grainger, 31, Southport. Ind. R. G. Campbell, 29, Norwood. Ohio; Margarett Hartlg, 29. Hotel Lincoln. R. I. Gard, 39, 2442 N. Illinois; Mary Taylor. 32, 1401 N. Pennsylvania. Tex Gilbert 21, 022 K. New York; Rada Harmon. 10. 022 8. New York C. D. Borders. 26, 120 N. New Jersey: Dor* Ash, 20, 124 N. New Jersey. 0. C. Clark, 22. Louisville, Ky.: Helen Burris. 21. 1211 Gimber. R. C Slrtpiey. 44. 1826 Shelby; Jsnnle M. Brooks, 43. 742 E. McCarty W. A. Truex. 31. 130 N. Dixon; Nora M. Haugh, 1712 Southeastern. Arthur Culbertson 41. 941 N Meridian; Pearl Moore 41. 716 N. Capitol. C. U. Knipp. 36. 1229 N. Pennsylvania; Bulora Neidllnger. 36, 1304 Sturm. 8. H. Rolse. 21. 130 E. Ohio: Mary Walker. 22. 420 S. Noble. George White, 21. 420 W Twelfth; Margaret Heed. 18. 442 W. Thirteenth F. W. Blanton. 24. 948 N. Meridian; Jeanette Wales, 21, 1230 N. Pennsylvania J. A. Klnnett, 21. 2188 N. Gale; Myrtle McClure. 27. Indianapolis. R. G. Campbell, 29. 4301 Ashland Margaret Hartig. 29. Hotel Lincoln. _. K. Okej, 10. 2048 Ralston; Msry Haehs. 23, ljill Newman.
The Factor of Safety Every careful investor looks beyond the tangible evidence of his security in an investment to the heads who guide its destiny. The ability and character of these men are what give him confidence. They are his factor of safety. When after thirty-six years a business has succeeded in establishing and maintaining a record of no lobs to any investor of either principal or interest, it offers to its clients a guarantee of fair and honest dealings upon which they may confidently rely. Instances of sudden business success happen occasionally, but instances of sound, certain, successful growth, unaffected by troubled conditions, are rare, indeed. We offer to careful investors an ity to secure an 8 per cent, tax-exempt investment which is safe and sound. Descriptive circular sent upon request. ' J.HAufderheide Investment Securities 312- Guaranty Building Established 1887 (On the Circle) Issuer’s License 617
THE INDIANAPOLIS TIMES
Songbird Arrives
- ... . ~ -w . i;> • ... * *• I
THE SMILING FACE ABOVE IS NONE OTHER THAN BARONESS POPPER. DON'T KNOW HER? WELL, YOU MAY WHEN WE SAY SHE ALSO IS KNOWN AS MME. MARIA JERITZA—YES, THE METROPOLITAN OPERA STAR. PHOTO TAKEN ON THE OCCASION OF HER RETURN FROM EUROPE RECENTLY.
Your Dollar Uncle Sam Tells Who Gets It
Watches
/[ CErJrz> j/ L AT3OR \ _ 216 nr- 7 \ CENT'S \ CENT'S / rTROfIT" 0C \ NTA-Cwr,. // \ OvtRHEAoX 1 a L S y By 8s! (4i Court '
DY URING the war dollar watches disappeared. They are coming U.. .J back now. The United States government has analyzed the dollar that goes Into the dollar watch as well as those that go Into the making of the more expensive kind. The Government find*: Materials In a watch represent 19 cents In every dollar received by the manufacturer. Labor represents 53 cents. The watch Industry stands out in this ret,root, for while a watch contains a small amount of material. Its manufacturer requires labor of the highest skill. The 28 cent* of the watch dollar that remains after paying for labor and materials goes to the manufacturer for his profit and overhead, including taxes. Wage disputes in the watch industry have been rare. Yet a 2 per cent wage increase means 1 per cent additional on the selling price of the watch. A 2 per cent Increase In the cost of materials increases the selling price 8 mills on the dollar. NEXT—TRACTORS One Pint; SIOO and Thirty Days For possession of & pint of liquor. Katie Davis, colored, 866 Torbet St., was fined SIOO and sentenced to thirty days at the Woman’s Prison. She was arrested Sunday.
Os lire furtiiltiM' • | : ilrm; liifliiH.s mmm 0%; S;j.lVnn. Si. Main (0
Fred He idol, Missing, Is Found Fred Reidel, 56, who has been missing from the home of his sister, Mrs. Harry Wise, 3963 Park Ave., sines lost Friday, was found In the Terminal Station by police Sunday. Efforts to learn his whereabouts during his absence were futile.
Satisfying a Multitude 0/Wants
BODIES OF NINE VICTIMS IN CITY (Continued From Page l) Pearl, will be buried In Eckerty, Ind. James Gaither, father, arrirved from Eckerty this morning. Occupants Scattered 100 Feet Witnesses said the train struck the right running board of the automobile Just behind the front seat. The occupants were scattered along the right of way for a distance of more than 100 feet. The automobile was torn to pieces. Two of the victims, Golda Gaither and the little McGuire girl, still were living when picked up. They were rushed to the Methodist Hospital at Indianapolis. Miss Gaither died on the way and Marjorie McGuire a short time later. According to 8. M. Games of Brookfield, who witnessed the accident from a distance of about 100 feet, the whistle was not blown until the train almost was upon the automobile. It had whistled for another crossing about one mile up the tracks. The train crew was composed of George Diver, Cincinnati, engineer; E. O. Kennedy, Greensburg, conductor; J. W. Oberting, brakeman and O. A. Stevens, both of Cincinnati. Lora House who crossed the tracks Just ahead of the Means car said he stopped his car and motioned to Means to stop. Means either did not see the signal or misunderstood it, he Bald. The other injured and dead were placed In the baggage car and taken to Acton, where ambulances took them to Indianapolis. Mr. and Mrs. Joe Dake, of near London, distant relatives of the accident victims, visited the undertaking establishment today. Railroad Blames Driver The Big Four has not started an Investigation of the fatal crash, D. F. Schaff, superintendent of the Chicago division said today.
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Legislator Defies Oklahoma Governor
Representative W. D. Mcßee, chairman of Oklahoma State legislative committee which preferred charges against Governor Walton and Issued a call for a special session of the House to consider ouster proceedings, which gathering Walton says would be unconstitutional and has refused to permit the lawmakers to meet under threat of arms.
"From what I have been able to learn the blame for the accident rests squarely on the driver of the automobile,” said Schaff. "The report of the engineer states that he blew for the crossing at the whistling point, 1,500 feet from the crossing. When he saw the machine standing on the crossing, he again blew his whistle, at a point about 750 from the machine. “I understand that the driver was warned by a man who had just made the crossing.
CALL Qk MAin iffr 3500 M and ask for an ad taker. She’ll do the rest
“That is about all the report shows,” said Schaff, “and I guess that :e all there Is to say about tho accident.” Car Going Slowly S. N. Games, the only known witness to the accident besides Roy Britton, said: “It seemed to me that the car was moving very slowly when it passed my store which is 100 feet south of the crossing of the railroad. I was sitting on the front porch when I heard the train whistje for the crossing a half-mile east. I watched the auto when I heard the two shrill blasts of the locomotive I realized what was coming. The blast caused me to jump off the porch to the road and there was the auto apparently stalled on the tracks. The crash came. It seems that Roy Britton was sitting on the door fartherest from the train for the crash threw him off the track to a sitting posture and took the car right out from under him. I ran to the scene and Roy asked where his child and wife were. “I ran to Mr. Means, who was Jnst west of the car which was hurled off the track and twenty feet west of the crossing. Mary Rosamond was the next found, about forty-five feet from the wreck and Mrs. Jane McGulr* was sgainst the signal tower, aixtyflvt feet from the crossing.” Gaines said he had walked the floor all night and could not get the grewsome sight out of his mind. The crossing is ore of the most dangerous in the btate. The road takes an incline to the track and an approaching train cannot be seen more than 200 feet away. A house apd trees cut off the view to a point thirty-five feet south of the track Almost as bad a condition exists on the other side with a house hiding th* view of trains from he eas. Dressed Beef Prices Wholesale selling- prices on dressed beef. Swift & Cos.: Ribs—No. 2,23 e; No. 3, 170. Loins—No. 2,28 o: No. 3,23 c. Rounds— No. 3. 20a; No. 3, 160. Chucks—No. 2. 13c: No. 3. 11a Plates—No. 2, 6c;iNo. 3 ,7a \ Local Hay Market Loose hay—slß® 21: bales, sl7®9ot light mixed hay, sl7 @2O . Local Wagon Wheat Local mills and elevators are paying sl.o* for No. 2 red wheat.
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