Indianapolis Times, Volume 35, Number 144, Indianapolis, Marion County, 29 October 1923 — Page 11

MONDAY, OCT. 29, 1923

LEADERS WEAKEN > UNDER CONTINUED SELLINGPRESSURE Meager Resistance Is Offered by Such as Studebaker and Baldwin. The WALL STREET JOURNAL NEW YORK, Oct. 29.—A continuation of the selling movement in progress at the week-end on the stocK exchange took place In the early dealings today in which sentiment was disturbed by France’s insistance that no attempt be made to reduce her reparations claims against Germany. Industrial leaders showed weakened resistence, Studebaker breaking to a new low on the movement at 94% while Baldwin dropped % to 11544. Union Bag and Paper which declined practically 10 points last week, recovered a full point. First Hour Relief from the persistent pressure on the general list was not forthcoming in the first hour and new lows on the movement were reached in many including few speculative Pfavorites of the type of American Can and Studebaker. Money conditions had nothing to do with the continued heaviess of the market. Wall Street brokers’ loans have taken a drop of about $50,000,000 in the" past month, the total now being approximately $1,325,000,000. Second Hour - Selling was not so insistent in the late morning, but the general list showed little rallying power and most of the active stocks turned sluggish. Mercantile stocks like Woolworth and May Stores afforded exceptions, as did Pressed Steel Car, whose strength was accompanied by reports of divided resumption at the Nov. 8 meeting. Professional activity was not as lively as during the opening session, despite the fact that many stocks showed a disposition to weaken under pressure. Twenty active industrial stocks on Saturday averaged 85.76, off .25 per cent. Twenty active rails averaged 77.65, unchanged. Foreign Exchange By United Financial NEW YORK. Oct. 29.—Foreism exchange opened lower: Sterling, demand. $4 48%; cables. $4.49. Francs, demand. 5.83 c: cables. 6.83 44c. Lire, demand. 4.48 , 4 c: cables. 4.49 c. Belgian, demand. 5.01 He: cables. 5.02 c. Marns. 70.000.000.000 to the dollar. Czeeho. demand. 2.94; cables. 2.94 He. Swiss, demand. 17 80c; cables. 17.82 c. Guilders, demand, 38.85 e cables. 38.91 c. Pesetas, demand. 13.34 c: cables. 13.30 c. Swedish, demand. 28 31c - cables. 26.35 c. Norway, demand. 15.26 c: cables. 15.30 c. Denmark, demand. 17.33 c; cables, 17.37 c.

Produce Markets

INDIANAPOLIS. Oct. 29.—Freeh errs, lose oft. 40c: Decking stock butter. 28c: springs. under 2 lbs.. 23c; springs. over 2 lbs.. 18c; fowls, 4 lbs. up, 22c; fowls, under 4 Ibe., 17c; Leghorn poultry. 25 per cent discount: cocks. 10c: young tom turkeys. 12 lbs. up 30c; young hen turkeys, 8 lbs. up. 80c: old tom turkeys. 25c; ducks, 4 lbs. up. 16c: geese, 10 lbs. up. 12c: young geese. 6 lbs. up, 15c; squabs, 11 lbs. to the dor.. $4: young guineas. 1H lbs. up, dor., 57; old guineas, doz., 51 50; rabbits down. No. 1, doz.. 53.60. Indianapolis creameries are paying 48c a lb. for butterfat. CLEVELAND, Oct. 29 —Butter—Extra in tubs, 51@53e: prints.- 50@52c: firsts. 49® 61c: packing stocks. 35® 37c. Eggs—Fresh gathered northern extras, 51c: Ohio firsts, 45c: western firsts, new cases, 43c. Poultry —Heavy fowls. 24c: light fowls, 17© 18c: cocks. 15® 16c: springers. 23.®23c: ducks, £4<3 26c. Potatoes—Michigan round whites. 52 per 150 lbs.; Maine. $2 50 per 150 lbs.: Idaho Rurals, $1.50© 2 per 100 lbs.; Michigan. S3 per 150 lbs.; Colorado Brqwn. 51.75 @2 per 100 lbs.; Early Ohio. 51-15® 1.55 per 120 lbs. CHICAGO, Oct. 29.—Butter —Receipts. 10.783: creamery extra, 45 ’■* 646 He: etandards. 44c; firsts. 43644 c: seconds.-41 <8 42c. Eggs—Receipts, 9,148: ordinary firsts, 30® 35c: firsts. 40®45c. Cheese — Twins, 24 Vt ®24Mi c: young Americas. 254,c. Poultry—Receipts. 17: fowls. 17c: ducks. 22c: geese. 21c; springs. 19Vic: turkeys. 35c: roosters. 14 V-e. Potatoes —Receipts. 490 cars: Wisconsin sacked round white. Psc©sl.lo bulk. $161.15: pooriy graded bulk. 80 0.90 c; Minnesota and North Dakota U. S. No. 1 and partly graded •aeked round whites. 90c®51.05; Red River Ohios. 90® 95c: bulk. 80® 90c; South Dakota sacked and bulk early Ohios. 60590 c; Idaho sacked russets. $2. NEW YORK. Oct. 29.—Flour—Dull and unchanged. Pork—Quiet. Mess—s2s.so® 26. Lard—Firm: mid-west spot. $13.65® 13.75. Sugar—Raw, steady. 7.28 c refined, Steady: granulated, 9.10 c. Coffee—Rio pot. 11*4 ® 1144 c: Santos No. 4. 15® 5V4c. Tallow—Steady: special to extra. 744®7 7 4c. Hay—Firm; No. 1. $14.50; No. 8. sl2® 12.50. Dressed poultry—-Quiet : turkeys. 26660 c: chickens. 20®42c: fowls. 15, ©34c: ducks. Long Island, 27c. Live poultry—Quiet geese, 22® 23c: ducks. 14® 28cs fowls. 19@30c: turkeys. 50c: roosters, 17c: chickens, 27628 c: broilers. 30c. Cheese—Quiet: state whole milk, common to special. 22®27%c; state skims, choice to specials. 10® 19c: lower grades. 5® 15c. Butter—Quiet receipts. 64687 c: creamery extra. 4814 6 49c: special market. 49 li 6 50c: state dairy tubs. 3964814 c Eggs— Firm: receipts. 3,350: ne'arby whites, fancy. 80®84o: nearby state white. 42®82c: fresh firsts to extras. 36©55c; Pacific coast. 48@75c: western whites. 43 ® 82c nearby browns, of 6 62c: fresh gathered extras. 48 ©s2c: fresh storage packed, extras firsts. 39647 c: firsts. 28638 c: fresh gathered: extra firsts. 26 44 6 30c: dirties. No. 1. 286 29c: No. 2. 24 6 27c checks, fair to choice, dry. 22©26c; Pacific coast, firsts to extras, 63675 c: No. 1. 42®63e: New Jersey Hennery eggs, closed 80 6 84c. selected.

Business News

WASHINGTON. Oct, 29—New York has the Nation's richest man. This was disclosed when the income tax statistics were made public showing that there was only one In the United States who reported an income in excess of $5,000,000 and he lived in New York. There are two residents of Michigan who reported incomes between $3,000,000 and 54.000.0C0 and Henry Ford is believed to have been one of the two. The Government does not disclose the identity of the taxpayers. NEW YORK—Developments this month reflect the irregula-ity of the general domestic situation, and divergences between the tre-ias in different industries are especially marked, says the current number of the Guaranty Survey issued by the Guaranty Trust Company of New York. The survey notes that despite this condition, “as well es the fact that no great increase in the volume of production and trade is in immediate. prospect, prevailing conditions justify a teuodoratcly optimistic outlook lor domestic lousiness as a whole." NEW YORK—Announcement is made of the proposed formation of the Managers Securities Company, by means of which about seventy of the principal executives of the General Motors Corporation will get a Ulock of shares of General Motors common stock, or 12 per cent of the amount outstanding. which has apparent value of more than $33,000,000. The plan, as announced by President Alfred P. Sloan, Jr„ in a letter to stockholders, involves the payment by the Corporation Securities Company of 5 per cent of its net earning? in excess of 7 per cent on the invested capital employed each year as a bonus. The plan is subject to the approval of the stockholders, who will meet in Wilmington, Deia.. Nov. 23. to act upon it. The plan, according to Mr. Sloan, is "to Interest the men occupying important positions of management in the .company as partners with the stockholders in this cororation. 1 '

New York Stocks (By Thomson & McKinnon) —Oct. 29

Railroads— At 12:45 Prev. High. Low. p. m. close. Atchison ... 94 H .. .. 94 4* 94 '4 B. 4 o 65 44 55 As 55% C. & 0 67 44 66% 67 4s 60% C. & N. W. R. 58% 68% 59 C.. R. & P. 19% 19 44 19% Erie Ist pid. 2144 20% 3144 21 Vs Gt. No. pfd.. 52% 52 52 44 53 Lehigh Valley 58 % .... 58 % .... N. Y. Cen.. .99 % 99 44 99 % 99 % No. Pacific.. *6l 50% 50 % 50% Pere Mam.. . 39% 39 39 % 39 % Reading .... 73 % 72 % 73 % 73 % So. Railway. 32% 32 32 44 So. Pacific... 84% 84 44 84% 84% St. Paul pfd. 23 44 23 22 44 Union Pac.. 128 127 44 128 127% Wabash pfd.. 30% 30 30 30% Rubbers— Kelly-Spg.... 22% 22% 2244 U. S. Rubber 3144 3144 31% tf% Equipments— Am. L0c0.... 68% 68 44 68% 68% Badl. Loco.. 116% 115% 115% 110 % Lima Loco.. . 64 44 .... 64 64 44 Pressed S. S.. 53 60% 63 50 West. Elec... 56 44 58 44 56 44 Steels— Bethlehem... 40% 40 44 46% 46% Crucible ... 68 % ... 57 44 68 44 Gulf States.. 72 44 71% 72 72% Rep I and S. 42% 41% 42% 42% U S Steel .. 86% 8044 80% 80% Motors— Chand Mot.. 44% 44% *44% 44% Gen Motors.. 13% ... 13% 14 Max Mot A. . 89 % ... 39 44 39 % Max Mot B. . 12 ... 12 13 Studebaker .. 95 % 94 % 95 95 44 Stew-Warner. 79% 79% . 79 44 80% Oils— Cal Petrol ..18 17% 18 18 Cosden 25 ... 24 % 25 44 Mar!and Oil. . 21% 20% 20% 2144 Pan-Am Pete. 64% 54 54% 64% Pan-A Pete- B 51 % 61 51% 5144 Phillips Pete. 22 % 22 % 22 % ...

CORN ALONE IS LOWERAT START Wheat and Oats Show Fractional Opening Gains, By United Financial CHICAGO, Oct. 29.—Grain prices opened irregular on the Chicago Board of Trade today, wheat and scoring fractional gains, while corn was weak in a quiet market. Wheat’s early advance was due to slightly h.gher prices in Liverpool. Selling pressure developed early, how ever, on reports of further marketing of the Canadian crop in the United States. Deliveries of new wheat sinca Aug. 1 have been 186,000,000 bushels, as against 169,000,000 last year, this being taken to indicate the extent to which the Canadian wheat is coming into this count-y. Crop advices from the Argentine were favorable, experts there declaring the prospects for the new crop excellent. There was a weak undertone in corn, due principally to heavier receipts than anticipated. The cash market was weak. Trading in oats was dull, prices following wheat on the early advance and then slumping off in sympathy with the downward movement in the leader. Provisions met few early sales, first pr.ces indicating a sightly lower markket, in line with lower hog prices. Chicago Grain Table At 11:45—Oct. 29 44 HEAT— Prev. Open. High. Low. Close. close. Dec... 1.0644 1.06% 1.05% 1.0044 1.06% 106% 1.06% May.. 111% 1.11% 1.10% 1.10% 1.11% 1.11 % CORN— Dec... .73% .73% .72% .72% .73% May.. ".71% .71% .70% .70% .71% July.. ".71 % .71% .71% .71% .72 •71 % .71 % OATS— Dec.. .43 .42 .41% .41% .41% May.. .44% .44% .44 .44% .44% Juy../ CHICAGO. Oct. 29.—Car lot receipts: Wheat, 10; corn. 105; oats. 45; rye. 3. Local Wagon Wheat Local mills and elevators are paying $1 for red wheat. Local Hay Market Loose hay. $18@21: bales, sl7® 20; light mixed hay. sl7 @2O. CURB INTEREST CENTERS AROUND ACTION OF OILS Prairie Oil and Gas Has Four-Point Adv ance in Early Trade.

By United Financial NEW YORIC, Oct. 29.—Main interes in the early curb market today was a further run-uo in Prairie Oil and Gas to 190, a gain of four more points, with the news that the deal for taking over Producers and Refiners to allow Prairie to enter the refining business had been about completed. After the news was out, the stock reacted to 184 but picked up to 185 later. Prairie has offered to exchange shares of its capital stock for 51 per cent of the outstanding capital stock for Producers and Refiners on the basis of one share of Prairie SIOO par stock for ten shares of common SSO par Producers. ' This privilege of exchanging for the stock of Prairie will be extended to all holders of the common of P. & R. on the same basis and the letter covering this offer is now in preparation and will be mailed to stockholders this week. 0 Practically all early Interests in the market was confined to the oils and the general tone was heavy around 11 a. m. There was strength in a few, notably Standard of Indiana just under 55 and in Prairie Pipe up 7a at 99%/ The industrials were restricted and lower. Gillette was off % and Glen Alden Coal %. Park & Tilford was just above 33. fS Dressed Beef Prices Wholesale selling prices on dressed beef. Swift * Cos.: Ribs—No. 2,30 c; No. 3,17 c. Loins—No. 2. 25c: No. 3.18 c. Rounds— No. 2. 20c; No. 3.15 c. Chucks—No. 2. 13c: No. 3.10 c. Plates—No. 2,8 c; No. 3,7 c. Cloverseed Market Local dealers are paying $7.50 10 a bushel for cloverseed. In the Cotton Market By United Financial NEW YORK, Oct. 29.—The cotton market opened irregular: November. 30.85 c. up 13 points: December. 30.75 c. up 6 points; January. 30.06 c, off 9 points; March. 30.10 c. off 6 points; May. 30.00 c. off 1$ points. Resident Scares Burglar A burglar carrying a flashlight and a revolver made a hurried exit from the home of J. H. Bales, 842 N. Capitol Ave., after gaining entrance by removing a screen from a rear window, when Bales investigated a noise, police eay. Nothing wi missing.

High. Low. P. M. Close. at 12:45 Prev. Pro and Ref.. 20% 18% 19 20% St Oil of Cal 51 % ... 514i 50 % St Oil of N J 31% 31% 31% 31% Sinclair 18% 18% 18% 18 44 Texas Cos ... 39 % 39 % 39 % 39 % Minings— Int Nickel... 1044 ... 1044 10% Tex G and S. 57 ... 66 % 56 % Coppers— Araer Smelt. 51% 514; 61% 51% Anaconda . . “33 32 % 32 % 32 % KennecoU.. . . 29% ... 29 4* 29% Utah Copper. 56% 65% 56 ... Industrials— Allied Chem. 61% 60% 61% 61% Adv Rumely 044 ... 644 7 Am. Can 91% 90% 9144 92% Am. Woolen.. 67 66 66% 66% Coca Cola 60% 65% 65% 67 Cont. Can... 40 44 40 44 47 Famous Play. 55 44 54 55 55 44 Inter. Harv,. 68 60% 07% 08 May Stores .80 44 85* 86 85% Nat. Enamel. 40% 4040 40% Owen Bottle. 41 40Vi 41 40% Sears-Loe 79 78% 79 79 44 U S. In. Al.. 50% 50 4* 50% 51 Utilities— Am. T. t T. 123% 123 V*. 123% Con. Gas 60 % . . . , 00 % 00 % Col. Gas 32% 32% 32% 33% Shipping— Am. In. Cor.. 18% 17% 18 18 Atlantic Gulf. 13 13 13 In. M. M. pfd 28% 27% 2844 27% Foods— Am Sugar.. 50% 50% 50% 50% Corn Prod.. 124 122% 123% 123% C. V. Sg. pfd. 42% 41 41 42 44 C. A. Sugar. 27% 27% 27% 28 Puuta Alegre. 49 % 48 % 4!) % 51 % Tobaccos— Am. T. Cos.. 140% 146% 146% 140% Tob. P. (B) 54% 53% 53% 54%

Your Dollar Uncle Sam Tells Who Gets It

COTTON CLOTH / 60 / Cents /Cents'^ II . . / Labor \\ | Mater--11 Z?T~ -// \ ,aJs pSLtv / \ Overhead // nv Inc lading Ta (ervamwT nrr man a couch, wa, oft. I OTTON is the most widely used | fabric. Consider your own LhU costume. Your suit Is probably wool, your stockings silk, perhaps, but nearly every other article of clothing is made wholly or in part from cotton. There are dozens of names for the various kinds of cotton cloth, however. The cotton mill owner, according to data collected by the United States Government, pays- 60 cents for his materials out of every dollar ho receives. Seventeen cents goes for labor and 23 cents for profit and overhead, Including taxes. That explains why the prices of cotton cloth respond quickly to changes in price of raw cotton. A 10 per cent Increase In materials would add 6 cents to every dollar the manufacturer would ask for his product. A 10 per cent wage increase would add 1.7 cents. NEXT: Women’s Suits. Indianapolis Stocks —Oct. 29—— Bid. Auk. Am Cent Life 200 Am Creoroting Cos pfd 90 Belt R R Cos corn 70 73 Belt RR Cos pfd 52 44 ... Century Bldg Cos pfd 98 ... Cities Service com 127 130 q Cities Service pfd 60 81 Citizens Gas Cos com 26 % 28 Citizens Gas Cos pfd 100 102% Ind Hotel com 100 ... Ind Hotel pfd 100 Ind Nat Life 8 Ind Pipe Line pfd 84 88 Ind Title Guar Cos 70 ... Indpls Ab pfd 50 Indpls Gas 49 53 Indpls Sr Northwestern pfd.. 30 45 Indpls & Southern pfd 60 Indpls St R R . . 04 tndp’9 Tel com 1 ... Indpls Tel pfd 90 ... Mer Pub Util Cos pfd 83 Nat Mot Cos 2% Pub Sav Ins Cos 13 ... Rauh Fer pfd 50 ... Standard Oil of Ind 64 60 Sterling Fire Ins Cos 9 V.. T H I Sc E com 1 5 T H 1 Sc E pfd 9 10 T H Tr and Lt Cos . . ./ 80 90 Union Trae of Ind com 1 5 Union Trac of Ind Ist pfd... 14 24 Union Trac of Ind 2d pfd ... 4 8 Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Van Coal Cos com 1 4 Van Coal Cos pfd 9 15 Wabash Ry Cos com 8% 10 Wabash Ry Cos pfd 29 % 32 Bonds Belt RS Y 4s. May, '3O BS% ... Broad Ripple 5s ' 06 Citizens Gas 6s 86 88 Citizens Gas 7s 99 103 Citizens St R R 6s 79 83 Ind Coke Cos 6s 90 93 Ind Hotel Cos 5s 92% 97% Ind Hotel Cos 2d 0s 99 % ... Ind North 5s 50 Ind Ry and Lt 6s 90 95 Ind Union Trac 5s ... Indpls Ab Cos 7% s 100 103 Ind. Col Sc So 6s 96 100 Indpls Gas 5s 88 87 % Indpls Lt and Ht 5s 94 95% Indpls Sc Mart 60 Indpls Sc Northern 47 52 Indpls Sc Northwestern 47 50 Indpls Sc S 6s 40 Indpls .Shelby & SE 60 Indpls St Ry 4s 64 % 68 Indpls Trac and Term 55.... 85 44 88% Indpls Union Ry 6s 95 ... Indpls Union Ry 4% s 95 ... Indpls Water 444 s 85 44 88 Indpls Water 5%s 93*4 95% South Ind Power 5s 105 T H I Sc E 6s 65 70 Union Trac of Ind 6 05 70 Sales 40 sahres Citizens Gas 27 SI,OOO Treasury 444 s 99.30 General Smith Back From Denver Adjt. Gen. Harry B. Smith teturned today from Denver, Colo., where he attended the national meeting of adjutants general. He was relected president of the Adjutants’ General Association. Maj. Gen. Robert H. Tyndall, Indianapolis, was elected vice president of the Association of National Guard Officers. Gunman Starts Sentence By United Press JOLIET, 111., Oct. 29.—Walter Stevens, noted gunman, was brought to jail today from Crown Point, Ind., to serve a sentence of from one to fourteen years for the attempted hilling of a patrolman in Aurora, 111., Stevens had been dodging police for eleven months. He disappeared while the case was in a higher court. Vagrancy Is Charged Gertrude Dandredge, 29, of 425 E. Court St., was held at the city prison today on a vagrancy charge under high bond. Henry Bieler, 1002 Division St., alleges she robbed hi® of $lO4 at her home Saturday, according to po lice.

THE INDIANAPOLIS TIMES

HOGS STEADY TO 15 CENTS LOWER Loss Occurs on Light End With Heavies Steady. Hog Priors Day by Day Oct. 250-300 lbs 200-325 lbs. 150-180 lbs. 23. 7.60® 7.90 7.30® 7.50 7.10® 725 24. 7.754s 8.00 7.40® 7.70 7.25® 7.50 25. 7.75® 8.00 7.40® 7.70 7.25® 7.50 26. 7.75® 790 7.40® 7.70 7 25® 7.60 27. 7.80® 8.00 7.50® 7.75 7.25® 7.50 29. 7.75® 8.00 7.40® 7.05 7.25® 7.40 Heavy hugs maintained a steady tone with a top of SB, but light hogs were 10 to 15 cents lower with the lulk of sales generally a dime lower In trading at the local livestock market today. The loss on the light end was attributable to heavy receipts of this “class, while the strength of heavyweights probably was due to a scarcity. Altogether 9,000 hogs were offered for sale and moit of them were sold in the first hour of trading with indications of a good clearance. Light hogs sold from $7.25 to $7.40, mixed hogs from $7.40 to $7.65 and heavyweights from $7.75 to $8 and the bulk from $7.25 to $”.50. Pigs lost a quarter at $6.50 down, while sows sold steady at $6.50 down. Local killers took a little more than their share of the receipts on the break, though some shippers were In the market. The outside demand, however, was not of an urgent nature and no attempt to "bull" prices was made. The cattle market started the week in a rather slow and listless fashion, due to fairly heavy receipts of 1,200 and the absence of good cattle from the market. Very few good cattle were received, the common grades moving under difficulty, while the better grades moved readily at steady prices. The calf market was quotably steady to 50 epnts higher, choice veals having brought sl3 and the buik sl2 to $12.50. Receipts. 400. Steadiness featured the sheep and lamb market, choice lambs selling at $12.50 down and sheep at $6 down. Receipts, 200. —Hof*— Choice lights $ 7 25® 7 30 Light mixed 7.35® 7.40 .Medium mixed 7.45 ut 7.65 Heavyweights 7.75® 6.00 Bulk ol sales . 7.23® 7.50 Top 8 00 Pigs 6 00® 0.50 Packing sows 6.00® 0.50 —CattleFew hcotee steers [email protected] 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® 9.00 Good to choice steers. 1.000 to 1,200 lbs 7.50® 8.00 Good to choice steers, 1 OVo 1.700 lb* o.oo® 7.50 Common to medium steers. 800 to 1.000 lbs 8 00® 7.00 —Cows and Heifers— Choir* to light heifers $ 9 00 @lO 00 Good lightweights .......... 7 26® 9.00 Medium heifers 6 00® 7.25 Common cows ft.oO@ 0 oo Fair "ow* 6.00® 7.50 Cutters 2.75® 3.25 Canners 2.23® 3.75 Bulls— Fsr.ey butcher bulls $ 5.00® 600 Good to choice butcher bulls. 5.00® 550 Bologna bulls .. . k 4.50 ® 5.00 Calyes ■ Choice vests sl2 00 @l3 00 Good veals [email protected] Medium veals 7 00® 10 00 Lightweight veals 7.50® 800 Common veals 7 00® 7.50 Common heavies 0 00® 7.00 Top 13.00 —Hheep and Lambs— Extra cholos lambs ?10OO@12 00 Heavy lambs ............... 9.50 @ll 50 Cull lambs 600 @ 7.50 Good to choice ewes ~ 4 00® 6 00 Culls 2.00® 3.00

Other Livestock By United Financial CHICAGO, Oct. 29—Hogs—Re.-fipts. 58.OOO: market lOr lower: top $7.65@7 50: heavyweight. $7 @7 65; medium. $7.10® 7.65; light. so.oo® 7.00; light light-. s6® 7.10: heavy packing, smooth. $0 50@7 5O: packing sows, rough. [email protected]; killing pigs. $5.25@ 6.25. Cattle—Receipts. 30.000; slow; most feii steers and yeariinrs heliihigher; bulk early sales about steady; killing quality plain; light rrasser* and shortfed kind predominating: plain. rough, heavy, short-fed steers getting little action: few loads we't conditioned, matured steer* and yearlings held around sl2; best yearling-. $11.25: numerous londs light yearlings. s9@lo 60: bulls In moderate demand: boh gnas generally strong; bulk sausage bulis. $4 75@4 60; few $4.00 and above; run Includes 7,000 western grasser steers, quality medium; few sales to feeder buyers around 50: Htoekers and feeders, $5 25® 6.50. Sheep-—Receipts. 28,000; mnrket fairly active; killing elasses steady to weak: feeding lambs strong: no western fat lambs so’d; most natives, sl3: few to shippers. sl3 30: cuils largely 89.50; ewes upward to $10: good handy weight fat ewes mostly $5.75® 6; heavy natives around $4.25: better grade feeding lambs mostly $12.25® Kansas city. ot. 20.—catti*—Re ceipis. 34 000: etilves, 7000: slow, practieeily no beef steers sold early: killing quality Drain; few early sales she-stock about steady; beef cows. $3.25®4 canners. s2® 2.25: bulls about steady: ealves dull: few vealers early at $0; .Mockers and feeders slow: few early sales desirables about steadv: froders, s7.2t>. Hogs—Receipts. 14.000steaely to strong to shippers; good and choice. 7@ 290 butchers at [email protected]: $7.25 bid: bulk 125-135-pound averages at $0: packing sows mostly $0.25: stock pies steady to 150 higher: bulk, $5,[email protected]: few $5.75 Sheep—Receipts. 11,000: few sales lambs steady: early top westerns. $13.30: few natives at sl3. EAST ST. LOUIS. Oct 20.—Cattle—Receipts, 10.000: market, lower, under tone on native beef steers; native beef steers, $lO tip; yearling* and heifers. $8.75® 10.50: cows. $4.75 up canners and cutters. $2 re 3; calves. $10: stoekers and feeders, [email protected]. Hogs—Receipts, 18.000: market, strong to 10@25e higher; heavy. [email protected]; medium. $7.35® 7.00: lights. $6.75 @7.55; light lights, [email protected]: packing sows $5.90® 0.35; pigs. $0.25@7: bulk, $7.15® 7.50. Sheep—Receipts, 2,600 market, strong 'to 25c higher; ewes, $3.50® 0.25 • canners and cutters, [email protected]; wool lambs. $10.75 @13.25. PITTSBURGH. Oct. 29.—Cattle—Receipts. 70 loads: market higher; choice. $909 50; good, $8.25 @8.45; fair, s6® 7.16; veal ealves, sl3 @13.50. Sheep and lambs—Receipts, 3 4 double-decks: market steadv prime wethers, $7.75 @ 7,90: good. s7® 7.50; fair mixed. $5.50@0 50; lambs. $lO @l4. Hogs—Receipts. 70 double-decks: market lower: prime heavy. [email protected], $7.70®7.75; heavy Yorkers, *7.70 @7.75; light Yorkers, $6.50@7; pigs, so® 6.50; roughs, [email protected]; stags. $3.50@4. E. S. ALBRITTON TO SPEAK Insurance Leader Will Address Local Association Friday. E. S. Albritton of Dallas, Texas, -will speak at the luncheon of the Indianapolis Life Underwriters’ Association at the Lincoln Friday on "How to Plan for Large Personal Production.” A graduate of Northwestern University in 1907, Albritton has become one of the leading insurance men in the country. His speech at the Lincoln will be in the interim of sop-over on a business trip and will be in conjunction with the association’s efforts to Interest bankers and manufacturers in the importance of the insurance business in relation to their own affairs. Wife Alleged a Fugitive Local police and detectives searched the city today for Mrs. Emma Delotch, colored, 28, alleged fugitive from Kokomo, Ind. A. C. Underwood, Kokomo police, wired that Mrs. Delotch cut her husband who is dying, according to police. Underwood said he traced her to an interurban car bound for todiampolif.

Storyland of Mother Goose to Be-Revised

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SMOKE ORDINANCE 10 LAKE EFFECI WITHINFORTNIGHT Measure Must Be Advertised Two Weeks After Mayor Signs It. The smoko abatement ordinance will go Into effect in about two weeks. Mayor Shank signed the measure late Saturday, after the time limit for consideration had almost expired. The ordnlunce munt be advertised for two week* before it is effective. City clerk attends to the advertising. Emission of dense smoke from any furnace, commercial or private, Is prohibited except at slx-mlnute firing periods. Smoke may be emitted a total of only thirty minutes a day. The ordinance provides for appointment of an assistant chief anil other inspectors to assist the building commissioner In enforcement and appointment of a board to examine Inspectors

COUNTY COUNCIL FAVORS KENTUCKY BRIDGE Cost to Bo Divided Between Governments and Prop- ‘ erty Owners. Cooperation with the city council In providing $700,000 for anew bridge over White River at Kentucky Ave. will be forthcoming from the county council, said C. O. Dodson, member of the latter body. "Every one of us is demanding a new bridge at that point..’’ said Dod son. "Kentucky Ave. leads right into the heart of a big manufacturing district, and that bridge absolutely must be built. "If the county commissioners will put the ordinance before us I fell sure the council will authorize a bond issue for the 45 per cent of the expenses the county must bear." City Civil Engineer John L. Elliott said that condemnation proceedings for land necessary in the lengthening of the bridge have reached the point where the city is preparing an assessment and damage roll. Ji’hts will be approved by the board of works and then the matter goes to the city council on a bond Issue ordinance. The city will pay 45 per cent, the county 45 per cent and owners of property, which will be directly protected frsm flood, 10 per cent of the cost.

EARLY RULING EXPECTED I. C. C. Refusal of St. Louis Petition Has Local Bearing. That the decision of the Interstate Commerce Commission in denying three St. Louis petroleum companies a reopening of their case to raise Indiana freight rates to a level with theirs, allowing a generally lower rate on "through” shipments will mean an early decision on the Indiana Chamber of Commerce's petition to lower Indiana rates, was the opinion of P. 15. Coapstlck, traffic manager of the body, today. Petition for a reopening and merger of the Indiana case and the St. Louis case* was regarded as a ruse to delay action on the Indiana case. 30 INSPECT NEW ROSE Garden Flower Society Members Make Trip to Riclimond. E. G. Hill’s new variety of rose, “The Sensation,” interested thirty members of the Indianapolis Garden Flower Society, who were his guests in Richmond. The day was devoted to -the study of this new variety which Hill is developing to add to his collection of some 700 varieties, and to an inspection of the new greenhouses erected for the exclusive growth of roses. At the luncheon at the Richmond Country Club, Hill welcomed his guests and announced that he will enter a large number of 'chrysanthemums in the Annual Chrysanthemum Show here, Nov. 7-8, J. H. Nicolas responded with a short speech of ap-preciat-on.

I PPER—EVELYN YOUNG, DRESS ED IN BLACK. AND MISS ANNA KOST AS MOTHER GOOSE SURROUNDED BY A FLOCK OF LITTLE BLACK BIRDS. INCLUDING JOAN WILLIAMS, MARY LEE OCHILTREE. MARY JANE GREEN. JEAN BROWN, JANE HALL. VIRGINIA ROLAND, BETTY GRIMES, LOIS EVERHART AND MARTHA MOSIER. LOWER—MISS ANNA KOST AS MOTHER GOOSE AND MARTHABELL BOND AS LITTLE MIS S MUFFETT AND HER SPIDER.

Storybook Land will come to life. This will happen Tuesday night in the new Community House of the East Tenth St. M. E. Church, when Mother Goose and all of her little friends will appear. The Calendar Circle of the church has been engaged for several weeks making plans to welcome Mother Goose and her friends.

Births Girin William and Edith Dospcr, 3324 Graceland. Ralph and Mary Heame, Thirty-Eighth and Arlington. John and Ethel Cordell, 1631 Rembrandt. Richard and Mary Stringer, 539 Jones. Arthur and Lueiie Bainbrtdgo, 1402 Laurel. Levi and Lena Figley, 511 Abbott. Vi dam and Lonnie Harper, 425 S. Rural. James and Wllla Vorius, city hospital. Boys Andrew and Anna Morris, 1435 W. Ohio. Robert and Holen Baker 1010 Nnnml. H rnmii and Emma Bruder, Methodist Hospital. j r.hall and Helen Kinnlck, Methodist Hospital. Richard and Naomi Shirley, city hospital. Charles and Mary Goodrich, city hospital. Henry and Ola Campbell, city hospital. Deaths Bruner O. Colo, 70, Long Hospital, carcinoma. li.itt.o Miller. 56, 1439 Mills, chronic empyema. William Edwards. 47. 635 Agnes, pulmonary tuberculosis. Lena Fox 70. 804 8. Capitol, chronlo interstitial nephritis. Mollie Holley, 40, 769 Indiana, carcinoma Pauline Frances Stringer, 1 day, 539 Jones, asthenia. Emma Grace Baker, 51. 1311 Gross. chronic myocarditis. Charles E Melntirt, 83. city hospital, cerebral embolism. Asher H. VVarmoth. IS. 505 Harris, acute endocarditis. Booker T. Rhoades, 18. 827 W. TwentySeventh, valvular heart disease. Amie Clark. 9. city hospital, chronic interstitial nephritis. Minnie E. Collins. 11, 638 W. New York, peritonitis. John Philip Cornet. 1 lay. 819 E. TwentyFourth, lntercrantal hemorrhage. John F. Penee. 62, 2126 S. New Jersey, cerebral hemorrhage. Building Permits H. Reek, garage, 2917 Indianapolis. S2OO. Robert Kirk, repair furnace, 2030 Highland. 5265. Erslg Rezentreif, furnace. 715 Union, $350. •A. H. Ferris, garage. 4417 College, S2OO. Stella S. Smith, garage, 1906 Arrow, S3OO. Elizabeth McVey, repairs, 601 Wilmington. $833. ' W. J. Moore, repairs, 87 S. Warman. $1,295. A. L. Burroughs, dwelling, 910 N. TTaub, $1,600. A. L. Bruroughs, garage, 910 N. Traub, $250. Standard Oil Company, station, 1004 Broadway. S3OO. W. J. Holliday, driveway. 328 W. Georgia, S6OO. B. A. Branson, dwelling, 2753 Tyndall, $2,500. American Estates Company, dwelling, 208 W. Forty-Fourth, $12,000. American Estates Company, dwellnlg, 3838 Pen v ay, $14,000. Myrtle A. Freeberg, dwelling, 730 N. De Quineey, $3,000. Hester J. Plake, dwelling, 2314 W. Ray. S6OO. Robbed of Twenty Cents and Watch Frank Bodimer, 58 S. State St., reported to Sergeant Tooley that he was held up by two colored men at the Canal and W./New York St., and robbed of twenty tents, a watch and half of his chain, valued at $lO.

During the song, "Sing a Song o' Sixpence,” Nellie May Larkins as Black Bird will appear with the other little black birds. Old King Cole. Little Red Riding Hood, Jack and Jill. Little 80-Peep, Jack Spratt, Little Miss Muffett and other characters dear to every child will appear Tuesday night at the Community House.

CAUSE Os 0,1 FIRE AI VENEER PLANTISPROBED Nine Companies Called to Extinguish Stubborn Flames Sunday. Investigation was under way today to determine origin of a fire which destroyed the dimension mill and warehouse of the Hoosier Veneer Company, 3321 Massachusetts Ave., Sunday. Firemen estimated loss at from $50,000 to $60,000. It was believed the fire might have been started by a motor in the mill, with defective wiring or spontaneous combustion from oily rags. The place was ablaze when Fred McCoy, night fireman, discovered the flames as he was ready to leave, about 6:80 a. m. The flames were fought from that time until 2:30 p. m. by companies No. 2, 21, 16, 8, 27, 11, 12, 15 and 7. O. W. Elkins of Company No. 27, sustained a sprained ankle when he slipped from a pile of lumber. Witrf the exception of machinery, the loss was covered by insurance, Harry E. Daugherty, president of the company, said today. Plans for reconstruction of the building are under way. Daugherty said operation of the plant will not be interrupted. Scout Troop Halloween Party Scout Troop, No. 28. of the Sutherland Presbyterian Church will hold a Halloween party Wednesday night at the Scout reservation near Ft. Benjamin Harrison for members of the troop and friends. Fred A. Dunlap, scoutmaster, will be in charge.

American Town Lot Company, Indianapolis, Indiana DIVIDEND No. 39 The Board of Director* has declared its thirty-ninth regular quarterly dividend of two (2) per dent, payabfca NovembeP X, 1923. upon its outstanding: preferred stfcrfc. Chocks will be mailed 10 addr- eseg of sro holders as recorded on the book# uf&fe Company. Transfer books will be closed from October 30 to November 2.

POINCARE DEADS OFF ATTEMPT TO CUT REPARATIONS French Premier Reiterates Ruhr Will Be Held Until Germany Pays. By United Press PARIS, Oct. 29. —Premier Poincare has drawn the eye teeth of the proposed advisory conference of experts to determine Germany’s capacity to pay reparations In the opinion of well-informed quarters today. His speech at Sampigny and subsequent official communiques, lt was said today, have headed off any attempt to reduce the total of the German reparations debt and a proposal to get France and Belgium out of the Ruhr. "France will never consent to discuss again the total fixed in May, 1921,” a communique said, "and will never reduce the amount fixed by the reparations commission.” In his speech at Sampigny the premier declared France would remain In the Ruhr until totally paid. He pictured Germany as a hypocrite seeking to dodge her debts while illegally and secretly forming a huge army, air fleet and ammunition factories for a war of imperialistic revenge. FIVE KILLED; SCOPES INJURED Separatists and Loyal Citizens Clash at Bauscheim. B" United Press BERLIN, Oct. 29.—Five persons were killed and scores Injured In Sunday clashes between separatists and German citizens loyal to the Reich In Bauscheim. The fighting occurred when detachments of separatists from Russelshelm attempted to confiscate livestock from the villagers. Employes of the stockyards repelled the first separatist attack, but the plunderers returned with re-inforce-ments and burned buildings and crops on three estates. DISSOLUTION DEMANDED Slrcsemann Sends Civil Commission to Saxony. By United Press BERLIN, Oct. 29. Chancellor Stresemann backed up the central government in Us demand that Saxon President Zeigner dismiss his Cabinet today by sending Herr Schultz to be civil commissioner of Saxony. He was instructed to give the diet a chance to show Its willingness to submit to the authority of the central government. If lt refused, ho bad orders to effect dissolution of the assembly. U. S. IS UNDISTURBED Washington Believes Reparations Conference Will Be Held. By United Press WASHINGTON. Oct. 29.—The American Government Is not disturbed over the week-end declarations of Premier Poincare of France, and believes the advisory conference of experts on reparations proposed by Secretary of States Hughes will be held, it was declared by a high authority of the Administration today.

RICHEST HOOSIER GETS INCOME OF MBP A YEAR State Earns at Sweat of Brow, U. S, Report Shows Today, Times Staff Corretpondent WASHINGTON, Oct. 29. The richest man in Indiana In 1921 had an Income of $400,000 to $500,000. This Is the report today of the Bureau of Internal Revenue and there was only one such man. Three returns were made of Incomes of $200,000 to $250,000 and three of $150,000 to $200,000. There were 116,959 returns of persons with Incomes of $3,000 a year or less. Who the rich and the poor are in the State Is known to officials of the bureau, but Is kept from the public because the law provides for secrecy. Indiana, as well as most of the middle western States, earns her Income by the sweat of the brow, only about 10 per cent of the total personal Income reported came from dividends and interests. About two-thirds of all came from wages and salaries. The figures were: Total Income, $461,206,184; wages and salaries, <303,123,109, and dividends and inti rest, $46,000,000. To show how Indiar. aworka for her money, comparison is made with New York. There, the total Income was $4,543,670,857. Os this more than a billion dolars, or more than 25 per cent, came from dividends and Interest and only slightly more than onehalf from wages and salaries. The cause for this condition is, of course, that New York money is Invested In Indiana and alsewhere and it works for the New Yorker while most of the people In Indiana get their money from personal endeavor.

Olfiie- Furniture F2ing*jCShinets msssss. i jt. S. Pt n. Sl. 'V* Main

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