Indianapolis Times, Volume 35, Number 146, Indianapolis, Marion County, 31 October 1923 — Page 11

WEDNESDAY, OCT. 31, 1923

STEEL FURNISHES BACKGROUND FOR 1 MARKETADVANCE Extra Dividend Has Decidedly Bullish Effect on Early Trading, The WALLSTREET JOURNAL NEW YORK, Oct, 31.—The stock market’s response to the nuexpected extrji dividend on U. S. Steel common and the unlooked tor earnings of over $47,000,000 in the third quarter was a strong and active opening today. Naturally, Steel was the leader with a double opening showing an overnight gain of 1% to 2% points. In the first ten minutes the volume of the turnover well exceeded its volume of Tuesday when 9,300 shares were turned over. First Hour Activity continued through the first half hour, although not in quite as heavy volume as immediately __ after the opening when trading was the largest in a long time. Leafing issues like Steel! Studebaker, Corn Products and Baldwin held their gains well with but fractional recessions. Others of the industrial group did not do as well and offerings were apparent in such issues as American hWoolen and Famous Players, both of ■which gave ground to the extent of a point from the best orices. Second Hour Considerable impetus was given market activity in the late morning by the optimistic relvew of conditions of trade. Industry and stock prices by Jessie L. Livermore, noted Wall Street operator, in which he took issue with pessimists and expressed belief that the stocks of good, well-managed properties had more than discounted any decline in business and that many represented opportunities for profit at their present levels. Asa result the list strengthened somewhat. Noon Hour Prices maintained a strong tone in the noon dealings and further advances toqk place in many sections of the list. Livremore’s comment on agricultural conditions helped International Harvester, which jumped over five points. Following a display of strength in other mail order house stocks, National Cloak and Suit moved up almost two points. Many of the largest commission houses sent out wires to the effect that the market had definitely turned. Twenty active industrial stocks on Wednesday averaged 85.91. off .29 per cent. Twenty active rails averaged 77.67, off .19 per cent.

Local Bank Clearings Indianapo’ri bank clearing's Wednesday were $2,955,000; for the month. *90,402.000. Bank debits Wetln- -day were *5 015.OOO; for the month. $156,783,000. | Foreign Exchange •By United financial NSW YORK, Oct. 31. —Foreign exchange lm gn'ar. Ster llig demand. $4.48%: cables. $448%. Fran s, demand. 5.89%c: oab’es. 5.90 e. Lire, demand. 4.50 c; cables. 4.50 He. Be'gian. demand 5.05 c; cafc'es, 6.05%c. Marks. 126.000.000.000 to the dollar. Czeeho. demand. 2 93He; cable*. 2.94 e Swiss, demand. 17.80 c: cables. 17.82 c. Guilders, demand 38.86 c: cables, 88.89 c. Pesetas, demand. 13.34 c: cables. 13.36 c. Swede, demand. 26.32 c: cables. 26.36 c. Norway, demand, 15.06 c: cables. 16.10 c. Denmark, demand. 17.11 c; cables, 17.15 c. THANKSGIVING TURKEY IS CHEAPER THIS YEAR Chicago Survey Says Large Reserve Accounts for Drop. CHICAGO, Oct. 31.—Your Thanksgiving turkey will be lower this year than last, according to a preliminary survey of the turkey market, Chicago dealers Informed the United Press today. This is because the reserve stock of cold storage turkeys is nearly three times the 1922 figure. Figures supplied to Swift & Cos, one of the big packers, by the Department of Agriculture shows that on Oct. 13, 1922, eurkeys in cold storage totaled 2,645,000 pounds while on Oct. 13 this year the stocks totaled 6,337,000 pounds. Wholesale prices last Oct. 13 ranged from 35 cents to 53 cents a pound while this Oct. 13 the prices range from 33 cents to 46 cents. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift St Cos.: Ribs—No. 2. 30c: No. .3 I7e 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. 8d; No. 3.7 c. s Cloverseed Market Local dealers arc paying $7.50010 a bushel for cloverseed. South Side Meeting Tonight The South Side Civic League will meet 8 p. m. tonight at the Southside State Bank, 1125 S. Meridian St. Reorganization and winter plans will be iscussed. 6', MONK) TO LOAN FIRST and secor.u mortgages on Indiana end Indianapolis real estate. R. B. WILEON. 1101 National City Bank Bldg. Lincoln 8404. WONFV tn'loan on second mortgages. L. B. MTI.T.ER 127 N. Delaware St; Main 5762. 33 AL ( HON bALES THE C., C, C. Sc St. L. Railway Company will sell at public auction Friday, Nov. 2, 1923. at 9 a m. at its Capitol Ave. yards, Indianapolis, Ind. (entrance on Senate Ave, near South St.), un.ess claimed by rightful owner prior to that time: Coal in car B. St O. 231.761. billed as 108.000 pounds coal from Allingdale, W. Va. Inspection can be made between 8 a. m. Thursday and hour to •ell Friday. Nov. 2. For further information. call MR CLOUDS, Matn 6100.'Term'l 159. J. K. VANCE. F. C. A. * : 39 LEGAL VlljihNOTICE OF APPOINTMENT Notice is hereby given that the undersigned has duly qualified as executor of of Alfred H. Estell, deceased., late Marion County. Indiana. Said Estate is to be solvent. ALLEN A. BOWSER. No. 21716. “ NOTICE OF APPOINTMENT. 1 Notice is hereby given that the undersigned has duly qualified as administrator, with will annexed, of the estate of Kate W. Johnson, deceased, late of Marion County, Indiana. Said estate is supposed tq be solvent. No. 21699. WILLIAM A. JOHNSON. —~ NOTICE. Stockholders' annual meeting of the White River Railroad Company for the election of officers and general business at -the office of Kir,gas St Cos, Indianapolis, Thursday. Nor. 16th, at 3 P. m. A. M. McVIE. Secretary.

New York Stocks (By Thomson t McKinnon) ' —Oct. 31—

Railroads— Prev. High. Low. 12:45. close. Atchison ... 95% 94% 95% 9414 B & O 56% 56% 66% 55% C & O 66% 60 66% 65% C St N W Ry 59% 68% 59% 69 Gt North pfd 53% 62% 53% 53 Mo Pad’pfd. 22% 22% 22% 22% N Y Central. 100% 99% 160% 99% North Pac.. 62% 51% 62% 51% Pere Marq... 40% 39% 40 39% Reading 74% 73% 74% 72% South Pac.. 85% 84% 85% 84% St Paul pfd.. 24 23 24 22% Union Pac .129% 128% 129% 128% Wabash pfd. 31% 30% 31% 30% Rubbers— Kelly-Spring. 23% 22% 23% 22 U S Rubber. 34% 31% 34% 31% Equipments— Amer Loco. 70 69% 70% 68% Badw Loco .119% 117% 119% 115% Gen Eec ...172 171 172 170% Lima Loco.. 65 64% 65 63% Pr Steel Car 52% 51% 62% 62 IVfcsth Eiec. 57 ... 67 56% Steels— Bethlehem. .. 48% 47% 48% 46% ''Crucible 61% *69% 61 58% Gu,f States.. 70 73% 78 72 Rep Iron A S. 44 % 43% 44% 42% U S Steel... 90% 88% 90% 86% llotoi-s Chandler Mo. 47 46% 47 45% Gen Motors.. 13%/... 13% 13% Max Mo ‘‘A” 41% 40% 41% 39% Studebaker.. 98% 96% 98% 95% Stewart-W... 77 % 75 % 77 % 76 % Wiliys-O pfd. 69% 68 69% ... Oils— Calif Petrol.. 18% 17% 17% 17% Cosden 24% 22% 23% 23% Marl and Oil.. 19 17% 17% 18% Pan-Am Pete. 65% 54% 65% 64% Pan-A Pete B 52 51% 51% 61 Pro. and Ref 22 21 21% 17%

SOME GRAINS ARE HIGHERAT START Better Feeling In Financial puarters Sways Market, By United Press CHICAGO, Oct. 81. —Grain prices ruled unchanged to fractionally higher on the Chicago Board of Trade today. Strength in wheat in initial trading was due to a strong feeling created by the better feeling in financial quarters, together with strength In stocks. Export busines overnight was larger than officially reported, according to news circulated In the pit, but cables failed to confirm any heavy acceptances abroad. Germany refused offers of American, declaring no demand existed. Canadian flour was competing with American grades on the German exchanges. Another factor in the firmness was a r%mor. Corn showed strength early on light receipts. Prevailing weather is considered favorable for drying out and conditioning the new crop for husking and shipment. Good movement is expected next week. Oats sold higher with other grains op a totally dull market. Provisions were irregular. Current lard was lower with liberal deliveries on October contracts. Ribs showed firmness.

Chicago Grain Table At 11:45—Oct. 31 WHEAT— Prev. Open. Hivh. Low. Close. cloae. Dec.. 1.06% 1.07% 1.06% 1.07% 106 106% 1.05% May, 111% 1.12% 1.11 1.12 1.10% 111 Julv. 1.07% 1.08% 1.07% 1.07% 1.06% CORN— Dec,. .72% .73% .72 .73% .72 .72 .71 % May,. .70% .71% .70% .71% .70% .70% .70% July, .71% .72% .71% .71% .71% OATS— Dec., .41% .41% .41% .41% .41% May, .44 .44% .43% .44% .43% .43 % Ju1y,%.43% .....,... .43% .43% CHICAGO. Oct 31.—Primary receipts: Wheat. 1.082,000. against 1.689.000: corn. 680.000. against 1.174.000: oats. 743 000. against 791 000. Shipments: Wheat. 647,000. against 1,363,000. corn. 480.000, (gainst 782,000; oats, 643,000. against 1.114.000. CHICAGO. Oct. 31. —-Car lot receipts: Wheat. 20; corn, 137: oats, 73: rye, 4. Local Wagon Market Local mills and elevators are paying $1 lor No. 2 red wheat. Local Hay Market Loose hay. slß® 21: bales, $17020. light mixed hay. $l7O 20.

Produce Markets

INDIANAPOLIS. Oct. 31.—Freeh esrgs. lose off. 40c; packing stock butter. 28c; •springe under 2 lbe.. 23c: springe, over 2 !b? . ißc: fowls. 4 lbs up. 22c: fowls, und r 4 lbs.. 17<v Let;horn poultry. 25 per cert discount; cocks. 10c young torn turkeys, 12 lbs. up, 30c young hen turkeys. 8 lbs. up. 30c old tom turkeys. 25c: ducks. 4 lbs. up. 16c; geese. 10 lbs. up 12c: young geese 0 lie. up. 15c: squabs. 11 lbs. to the doz.. $4; young guineas. 1% lbs. up. doz.. $7: old guineas, doz.. $1.50: rabbits down. No. 1. doz.. $3.50. Indianapolis creameries are paying 48c a lb. for butterfat. CLRVKLAND. Oct. 31.—-Cutter—ln tubs. 51%@5.3%c: prints. 50%@52%c: firsts. 49%@51%c. Eggs—Fresh gathered northern extras, 53c: Ohio firsts. 47c; we-tern firsts, new cases. 45c. Pou'try—Heavy tow's. 42@24 %c; ight fowls. 17@18: cocks. 15® 16c: springers. 22®23c; ducks, 24®26c. Potatoes—Michigan round white, 52 per 150 lbs ; Maine .$2.50 pe rICO lbs.: Idaho rura’s. $1 50@2 per 100 lbs.: Colorado brown beauties. $1.75@2 per 100 lbs.; ear y Ohio. $1.1501.55 per 120 lbs. CHICAGO. Oct. 31.—Butter—Receipts, 6.593; creamery extra, 47@48%c; standards. ,47%c. firsts. 44%@45%e: seconds, 42@42He. Errs—Receipts, ordinary firsts. 30®35c: firsts. 40@45e. Cheese —Twins. 24 @24 %c: young Americans. 25 %c. Pou’try—Receipts. 11 cars; fowls, 14@20%c: ducks, 23c: geese. 22c: springs, 19%c: tuikeys, 35c; roosters, 14%c. Potatoes—Receipts. 431 cars Quotations: Wis- : "onsiin round whites, 90c@$l 15; North * Dakota and Minnesota U. $. No. 1, 80@ 95c: Red River Ohios, 75e@$l; South Dakota early Ohios, 80® 90c: Idaho rurals. $1.40. SAMARITAN TO LONE DOG “Wlieii a Feller Needs a Friend” Is Too Much for Ad Club Man. He was only a dog, lying cold and starving on the sidewalk near the New York Store, to be kicked and scoffed by passersby. Then Edward Hunter, secretarymanager of the Advertising Club of Indianapolis, came along. He saw the dog lying there in a pitifuj condition. He picked it up, carried lt to his office, 508 Chamber of Commerce building and ordered five huge bones laden with meat. “If I had passed that dog without helpiug it I couldn't work all day,” Hunter said. “I’ve called the Humane Society and they are going to send hint to the dog pound. I would rather see the thing there than suffering War Claim Settled By United Press WASHINGTON, Oct. 31.—The Kentucky and Indiana Terminal Railroad was awarded $50,000 a* settlement of war claims by the government today.

High. Lbw. P. M. Close. at 12:45 Prev. Pure Oil 17 ... 18% 17 fetd Oil of Cal 51 50% 61 50% Std Oil of N J 32 31 % 32 31 % Sinclair . .. 18% 18% 18% 18% Texas Cos 39% ,38% 39 39% Minings— Int Nickel,. 10% 10% 10% 10% Tex GSt Sul. 58% ~ 58% 56% Coppers— Anaconda 33% 33 33% 32% Kennecott.... 30 29 % 30 30 Industrials— Allied Chem, 63% 62 63% 61% Am. Can 94% 92% 94% 92% Am. Woolen. 68% 66Vi 68% 66% Coca Cola 69% 66% 68 60 Cont. Can., 47% 46% 47% 46% Fain. Players 56 % 54 % 56 % 55 % Inter. Harv, 73 63 V* 72% 68% May Stores, 85 84% 85 83% Mont. & W, 22% 22 22% 22 Nat. Enamel 40% 39% 40 % 39% Owen Bade.. 41% 41 41% 40% Sears-Roe 82 80% 81% 79% U. S. In. Al. 52% 51% 53% 50% Utilities— Am T &T. 123% 123% 123% 123% Con. Gas 61% 61 Vs 61% 60% Col. Gas 32% 32% 32% Shipping— Am. Int. Cor. 19 li 8 % 19 17% Atlantic Gulf-. 14 , , 14 14 In. M. M. pfd 33 30% 31% 30 Foods— Am. Sugar, 51% •!> 51% 51% Austin Nirh, 2- • 23% 23Vi .... Corn Prod, 120 123% 125% 123% C. C. Sg. pfd 4.2% 41% 43% 41 C.-A. Sugar, 28% 28% 28% 27% Punta Alegre 49 % 48% 49 Vi 48% Tobaccos— Am.-Sumatra. 18 17% 18 .... Am. Tob .Cos. 146 Vi 146 Vi 147 Tob. P. (B). 56% 55% 56% 55%

IMPROVED TONE NOTED IN EARLY CURB TRADE Standard of Indiana Assumes Its Usual Activity, Gaining Slightly. By United Financial NEW YORK, Oct. 31.—The curb market showed an Improved tone at the opening today. OH stocks made the best gains, with Prairie Oil and Gas up 2 points at 177%. Glen Alden Coal was up % at 74%. Standard of Indiana assumed some of Its usual activity and got as high as 65% during the morning, up %. Park & TUford was better, while Cleveland Motors, weak In the previous session, recovered to 21%, up 1%. Dublier Condenser and Radio went higher to 12%. Crude oil production in the United States for the week ended Oct. 27 avtraged 2,265,900 barrels daily, an increase of 2,450 daily over the pre vious week, according to the American Petroleum Institute. The biggest change was in Central Texas, which includes the Lowell field, with an Increase of 40,150 oarrels daily over the previous week. California output was 801,000 barrels a day, decrease of 19,500.

Business News

NEW YORK. Oct. 31.—The future of the ! stock market Is bright. Jesse L. Livermore, noted operator, said today in a statement commenting on the trend ol the market Livermore is reported in Wall Strict to have been retained by bankers and other* who desire to stop the bear market winch has prevailed lor eome time, and ewltcn it to a bull maruet. Livermore has been a bear until recently, but his statement was decidedly bullish. Livermore is the stock operator who was employed by Clarence Saunders, head ot the Pifffly Wiggly Company to handle his affairs in Wall Street. After Livermore be came dissolved from Sstnders, the Piggly Wiggly stock was hammered down and Saunders got into -financial difficulties. Livermore, in his statement said that he cannot coincide with the general pessimistic attitude, which he found prevailing in Wall Street when he returned* from abroad. "During the past six months it Is my opln.on that stocks havo discounted to a large extent the readjustment process In various ifidußtrii-g and for this reason 1 believe the future will show good substantial profits to any one using discretion in buying at prevaifing price* stocks of corporations that are well managed and not over-capitalized." When asked why be had changed his views, he stated that with 90 per cent of agricultural products selling at higher prices than the farmer ever received, except during the war, the business of the country could not suffer any prolonged depression. "You only have to look at tho volume of sales of the laige mall order houses? he said, "to see how far the pr-acut prices of commodities have gone to restore tho buying power of the agricultural districts of the great West and Southwest. During the last six months there ha siccurred a severe readjustment In prices In a large number of securities due to certain reason such as the oil industry, but with crude oil selling at the present prices the increase cost for carrying on extensive drilling campaigns In new territory has era*l and It will le only a short time until our present enormous demand for fuel oil and gasoline will take care of the excessive snpply on hand and norma! market prices will nav> been restored in the oil industry. , . "I do not look for boom times and I don't believe that any one who has the interests of our country at heart wishes that, but as 1 ins as our great agricultural sections are receiving high prices for what they produce and labor is we’l employed at high w ages you cannot very well have bad times In this country. "During the past few years the people of our country have become accustomed to living on a higher standard than heretofore and they are not going to be satisfied to live in any other way in the future, and they cannot live well without spending money." He arued that this means Urger purchasing power. Indianapolis Stocks —Oct. 31Bid. Ask. Am Cent Life 200 ... Am Creosoting Cos pfd 90 . . . Belt R R Cos com 70 73 Belt RR Cos pfd 52% ... Century Bdg Cos pfd ........ 98 ... Cities Servi e com 127 J 29 Cities Service pfd 66 06 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 34% 87% Ind Title Guar Cos 70 Indpls Ab pfd 60 indpls Gas 49 63 li.ilpls & Northwestern pfd, 30 45 Indp s Sc Southern pfd 60 indpls St R R 60 Indpls Tel com 1 ... Indpls Tel pfd 90 ... Mer Pub UUI Cos pfd 82 Nat Mot Cos 2 % Pub Sav Ins Cos 12 ... Rauh Fer pfd 60 ... Standard Oil of Ind 64% 58 Sterliiig Fire Ins Cos 9 ... T H I St E com 1 6 T H I St E pfd 9 10 T H Tr and Lt Cos 80 Union Trac of Ind com 1 6 Union Trac of Ind Ist pfd 24 Union Trac of Ind 2d pfd ... 4 8 Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Van Coal Cos con 1 4 Van Coal Cos pfd 9 15 Wabash Ry Cos com 8 % ... Wabash Ry Cos pfd 30 ... Bonds Belt RS Y 4s. May, 30 82% ... Broad Ripple 6s 68 Citizens Gas 6s 86 88 .Citizens Gas 7s 99 103 Citizens St R R os 80 83 Ind Coke Cos 0s 89 % 92 Ind Hotel Cos os 92 % ... Ind Hotel Cos. 2d 6s 99% ... ind North 5s 50 Ind Ry and Lt 5s 90 95 I ind Union Trac 5s . , Indps Ab Cos 7%s 100 103 I t ! Cos & So 6s 96 100 Indpls Gas 6s 80 87% i, id Ht 6s 94% 96 Indpls St Mart , 60 ~ ,j j at Northern 46 ... Indpls St Northwestern 48 62 Indpls A S 0s 40 Indpls, Shelby ASH 50 iudp.s St Ry 4s 64% 07 Indpls Trac and Term 5s , , 86% 88% Indpls Union Ry 5s 96 ... Indpls Union Ry 4% s 95 . , Indpls Water 4%s 85.% §8 Indpls Water 5%s 93% 85% South Ind Power 5s 106 .. . T H I A E 5s do 70 Union Trac of Ind 6s ..... 69 Sale* 10 Shares Kit Gas pfd 101

THE INDIANAPOLIS TIMES

HOGPRICESLEAP IN LOCAL TRADE Broad Demand Followed by Generally Higher Prices. Hog Prices Day by Day Oet. 250-300 lbs. 200-325 lbs. 150-180 lbs. 26. 7.75® 8.00 7.40@ 7.70 7.25® 7.60 26. 7.76 @ 7.90 7.40® 7.70 7.26@ 7.50 27. 7.80® 8.00 7.60® 7.75 7.25® 7.50 29. 7.75® 8.00 7.40® 7.05 7.25® 7.40 30. 7.50® 7.05 7.30® 7.45 7.00® 7.15 31. 7.75® 7.90 7.46® 7.70 7.25® 7.40 Prices for hogs jumped sharply forward today, despite heavy receipts of 13,000, due to a strong demand for outside account and an internal adjustment of the market, which declined too sharply Tuesday, traders said. The advance was generally regarded as a quarter on most good hbgs, though in instances the upturn might have been as much as 30 or 35 cents, while ip other cases droves probably were no more than 15 cents higher. Prime heavies sold at a top of $7.90, compared with $7.65 on Tuesday, and lights sold up from $7.25, as compared with $7 op previous trading. Heavies generally sold around ?7.75 and $7.80, medium and mixed droves from $7.45 to $7.70, and lights from $7.25 to $7.40, though generally at $7.35 and $7.40. The bulk of sales was made between $7.35 and $7.60. Sows were regarded as generally quarter higher at $6.50 down, but pigs held steady at the same figure. A broad demand was noticeable from the opening’, the activities of shippers having furnished the impetus for a higher market, local killers having been obliged to follow the advance to obtain supplies. The cattle market was quotably slow and steady as the market dragged very much in early trading, due to the common class of receipts and the absence of good grades. Receipts, 1,200. A good demand for calves kept prices strong at $12.50 down for the best veals. The bulk moved from $11.50 to sl2. Receipts, 600. The sheep and lamb market was regarded as steady to strong, with sheep selling steady and lambs were stronger at sl3 down for choice kinds. Receipts, 500.

—Roe*— % Choice liEhts $ 7.25® 7.35 Light mixed 7.30® 7.45 ! Medium mixed 7.50® 7.70 ! Heavyweights 7.75® 7.90 Bulk of sales 7 35® 7.60 Top 7 00 Pigs 8 00® 0 50 Packing sows 6.00® 0.50 ■ Cattle Few choice 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 lb 7 50® 8.00 Good to choice steers. 1,000 to 1,700 lbs 0.00 @ 7.50 Common to medium steers. 800 to 1,000 lbs 6.00® 7.00 —Cows and Heifer*— Choice to light heifers $ 9.00® 10.00 Good hea-'-yweights 7.25® 900 Medium heifers 6.00 0 7 25 Common cows 5 no® 0 00 Fair cows 6.00® 750 Cutters 2.750 3.25 Canners 2.25® 3.75 —Rull*— Fancy butcher bulls $ 6.00® 600 Good to cho'oo butcher bulls. 5.00® 6.50 Bologna bulls 4.500 6.00 —Calve*— Choice veals sl3 00® 12.50 Good veals 10.00011 00 Medium veals 7.00® 10.00 Lightweight veal* 7.60® 8.00 Common veal* 7.00® 7.50 Common heavies B.oo® 7.00 Top 12.50 —Bheep and Lamb*— Extra choice lambs slo.oo® 13.00 Heavy lamb# 9 50® 11.60 Cull lambr 6.00® 760 Cood to choice ewe* ....... 4.00® 7.00 Cui'i 2.00® 3.00 Other Livestock By United financial CHICAGO, Cot. 31. —Hogs—Receipts. 27.000. market. 10c up: top. $7.Hi) bulk. $7 1007.60; heavyweight. 57,1*>®7.80; medium. $7.2507 75: light. $0 8507.75. light lights. $0.25 07.25; heavy packing, smooth. $0 700 7; packing sow*, rough $0.50® 0 70: killing pigs. $5.50 0 0.50. Cattle—Redot*. 11.000 market bitter grades and most killing classes fairly active; strong to 150 up; spots up more: yearlings ad handy weight steers and beef heifers mostly higher; plain shirt fed steers, common and medium grades, fat cows dull; top $12.40 paid for long yearlings: best mature steer* hrid hJghrr: numerous loads yearling* and handywelght steers, $10.25® 11.35: few short fed. $709.50: bulls scarce, strong vealera higher: outsiders hand picked up to $11: better grades steers and feeders higher: others steady Shpep—Receipts. 28 000 j market, active; fat lambs. 25c off: cull lambs and sheep steady to weak: feeders strong: nStlve (at lambs $12.75013 few up to $13.40; culls mostly $9 50010: fat yearling*. $10.50 011.25: choice wethers around 95 pounds, $8,50: bulk fat ewes. *4.5000; feeding lambs. $12.50012.85 KANSAS CITY. Oct. 31 —Cattle—Receipts. 15.000: calves, 3,000; few early sa es oom-fed yearlings, steaiiy; other classes killing steers, slow; beet year ing. early, $11: no choice heavy cattle here early; she stock mostly steady: bulls steady; calves slow; Stockers and feeders around steady: few early sales, $5.7606.85. Hogs—-Receipts, 18,000: 5c to 10c higher to shippers: packers bidding steady: desirables, 210-240-pound butchers, $7.2007.30: bulk 130-150-pound avenges, $0.15%6.05: packing sows mostly $6.25 06.60. Sheep—Receipts, 5.000; opening sales killing classes steady: best' western lambs. $13.15: natives, $12.75; range ewes, $6 25. EAST ST LOUIS, Oct 31. —Cattle—Receipts, 5,000; market 15c to 25c higher; native beef steers. $lO up: yearlings and heifers, $1.0.25: cows. $4.75: canners and culvers, $2.250 3.25; calves, $10.50; Stockers and feeders, $4 0 5-60. Hogs—Receipts, 17,000; market 10c to 16c higher: heavy, $7.2507.70: medium. $7.4007.70: lights, $0,7507.60: light lights, $0.35®7.40; packing sows, $0.1006.50; pigs, $0.25@7; bulk, $7.25®7.50. Sheep—Receipts, 1.500: mar- !--• e*e->dy. 25c lower: ewes, [email protected]: 1 cutters, *[email protected]: wool lambs, $10.75,® 13. t BUFFALO, Oct. 31. ’Cattlo Rcoeipts, 625. market very siow and weak; shipping steers. $9 @11; butcher grades, $8 @9: cows, $1.6000. Calves—Rrveipts. 350; market slow and steady; culls to choice, $3.60® 13.50. Sheep and lambs— Receipts. 2,400: market lambs slow; sheep active and steady: choice Inmbs, [email protected]; cull* to choice. $7.50012; yearlings, s7® 11; sheep, [email protected]. Hogs —Receipts. 2,400; market active, 15c to 60c up; yorkers, $7 ® 8.10: pigs. $7: mixed. [email protected]: heavies, $8.25: roughs, $5.25@6: stags, [email protected]. PITTSBURGH, Oet. 31.—Cattle —Receipts, light; market, steady; choice. [email protected]: good. sß.2'>@Bos fair. [email protected]; veal calves, sl3 013.50. Sheep and lambs—Receipts, light: market, steady; prime wehters. $7.7507.90. good. $707.50; fair mixed. $56000.50; lambs. [email protected]. Hogs— Receipts. 2) dd: market. higher: prime heavy. $7 80 07.90: mediums. $7.8007.90: heavy yorkers. $7.800 7.90 light yorkers $7.25®7.50: pigs, $0.75@7: roughs. $0.25 @7; stags. s3@4. MAN FALLS; NEAR DEATH Topples at Head of Stairs as Spell Comes Over Him. Falling: down a flight of stairs at the Vendome Hotel, 657% Washington St„ Robert Shurlock Is in a critical condition at the city hospital today, suffering from a fractured skull. He had not regained consciousness at noon. Woman Damaged Home, Charge Mrs. Anna Roach, 32, of 425 N. California St., was arrested on a charge of malicious -.trespass filed by John Douton, 409 Douglass St. Douton alleges $25 damage to wall paper, chandeliers, locks and windows.

Your Dollar Uncle Sam Tells Who Gets It

CANNED VEGETABLES f 65 • / Ceo+b II X Labor I Mafec- 25 Cents I \ ials * / 'X Oveirbead // /r>c/ac//og/r Taxes>^ COnKwSKT ®Z3 V RAU-M r. COUCH. WASH, D. T r HE business of canning vegetables is not an old one Nevertheless, it has such a firm hold on tho American people that more tnan $300,000,000 a year is spent for all kinds of canned vegetables. The cost of materials Is the greatest factor In the cost of a can of vegetables, according to figures gathered by the United States government. Out of every dollar the vegetable canner receives, 63 cents goes to pay for his materials. Twelve cents goes to pay labor and 25 cents pays profit, oveihead and taxes. The business Is seasonal, making for a high overhead. A 10 per cent increase in the cost of materials would add 6.3 cents on every dollar In the manufacturer’s selling price while a 10 per cent wage increase would add 1.2 cents. Next, Paint CONTESTS IN FOOD SHOW Entries Received by Manager for Exposition Events Early entries for the various contests at the Pure Foci Show at Tomlinson Hall for nine days beginning Tuesday are being received by J. W. Dean, manager, headquarters at 404 Chamber of Commerce. The exposition Is under the auspices of the Indianapolis Retail Grocers’ Association. Popularity contests will be held for Indianapolis stenographers, grocers, salesmen and exhibitors at the show. The dally baby shows will also be a feature'of the exposition. Two prizes will be awarded. Grand prizse will be given on the la*t day. Thousands of samples will be distributed free by 45 exhibitors to the housewives of Indianapolis, Manager Dean said. BAKER COMPLETES TRIP nidsmobile Crosses in High ' Gear. The feat of an Oldsmobile Six, the first car to cross America from the Atlantic to the Pacific in high gear, was being discussed in Indianapolis today, following receipt of word that the car completed Its 3,380-mlle trip at Los Angeles, Cal. The driver was "Cannonball” Hoker, well-known road driver of Indianapolis. The car left New York. Oct. 8 and stopped In Indianapolis cver-night en route " West. Low, second and reverse gears had been removed. Marriage Licenses R. T. Wheeler. 21, 2126 Avondale; Dorothy Town ! ey. 21. 2138 Avondale. J. M Weydell. 36, 419 E North; Helen Hardin, 22. 634 E. Twenty-Sixth. R. B. Shearer. 22. 1947 Hillside; Gertrude lYultt. 21, 1062 Sheldon. J. K. Cowherd 44. 634 Anderson: Dorris Simms, 24. 634 Hudson. William Hammons. 23, 426 W. Twelfth; Elizabeth Law. 21. 834 W. Pratt. It E. Kiefer. 30. 1010 Eddy: Minnie Arthur, 27. 1402 College. Maroellns Allen. 25. 955 W. Pratt; Celesta Abernathy. 23. 848 W Pratt.

Births Boy* Ovid and Sophia McGill, 849 N. Bellvtrw. Frank and Wahnetta Wolfla, 1006 % 8. Wert, f Max and Elizabeth Hart!, 1813 Orleans. Grover and Maude Chadwick, 822 Bcer-her. Venoel and Anna Batle. 1017 N. Warman. Earl and E!ma Llndley, 1746 8. Keystone. William and Roberta Secper, 918 Flower. John and Mary Comet, 819 E. TwetttyFourih. Girls Percy anr. Daisy Mi'ler. 735 Hadley. Louis and Ellen Christ, 8. Hording and Big Four R R. Grove* and Ola Majurin. 146 Detroit. Charles and Margaret Ehlt-ra, 1445 Ashland. Thomas and Henrietta Margason, 1207 Herbert. t Oscar and Sarah Moore, 23 8. Arsenal. Roy and Florence Doo’ittle, 636 Rochester. John and Mae HugUl. 730 N Hough Thomas and Stella Casey, 401 N. Rural. Deaths Luvenla Edmondson. 21, 919 Pansy, pulmonary tuberculosis. Lou M. Barnhart, 72, 3311 N. Capitol, •hronio myocarditis. James Harry’ Adams. 31, Deaconess Hospital cerebral hemorrhage. Warren King. 69, 1618 E. Washington, angina pectoris. Marion Francis Yockey, 1 hour, 708 Lexington, premature birth. Building Permits John Metzler, furnace. 1615 8. East. $360. D. Demoss, furnace. 1008 8. Keystone. S2OO. John W. Bailey, dwelling, 868 W. TwentyFifth. $327. Fred Sehakel. garage. 421 N. Oakland, $250. N. H. Peffley. garage, 1204 N. Tuxedo. *2OO. P. Hulskamp, garage, 1044 Markwood. *260. Peter O. Pearson, garage, 1544 Draper. *2OO. Hoosler Realty Company, dwelling. 337 Eastern, *3,600. Albert Hanvey, garage. 3762 Ruckle. *SOO. "and Lawhora. dwelling, 1184 Arnolds, *2,000. A. Van Treese, remodeling, 2303 N. Pennsylvania, * 00. H. J. Kinney, garage, 709 Weghorst, *2OO. John F. Parsons, garage, 343 N. Bevllle, *2OO. Thomas 1,. Green Company, building, 202 Ml’ey. *27.200. R. R. Palce’y, addition, 949 Lynn.-#I.OOO. First Reformed Church, building. 2330 Keystone, *3.500. Z. Btout. dwe'Mnsr. 1114 N. Mlley, *4OO. Z. Stout, dwelling. 1105 N. Mt’ey. *4OO. Southrrn Bui ding Realty Company, garage. 700 Car'isle, *2OO. Mary Grambling. reroof, 1428 E. Ohio, $250. •. Florence E. Thald, reroof, 1430 E. Ohio, *230 Beverly Howard, garage, 1459 Martindale. *2OO. National Klin Company, shop, 1118 E. Maryland, *2OO. E. W. Crampton, garage, 1230 Alton, *!}00. Southern Coal Company, shed, 1935 Madison, *2OO. Park Athletic Association, heating plant. 1700 W. Thirtieth, *2.200. Park Ath'etlc Association, three furnace*. 1700 W. Thirtieth, *2OO. O. W. Graham, garagia 4701 B. Tenth, S2BO. m

RECEIVER DURBIN OUSTS DOLLINGS PLANTEXECUTIVE Action to Unite Preferred Stockholders Given as Cause for Discharge. R. B. White, general sales manager of the Anderson Foundry and Machine Company, a Rollings subsidiary, has been discharged by the receiver, W. T. Durbin, it was learned here today. Letters to preferred stockholders of the company urging them to attend a meeting to promote reorganization of the company, sent out by White, were given as the cause for the discharge. The meeting was called for 10:30 a. m., Friday. Reorganization Wanted Unless preferred stockholders unite for reorganization, according to White’s letter "the plant will most certainly be sold soon at public or private sale by order of court in which case you will not realize one cent on your investment.” White’s discharge was taken in some quarters here to mean that Durbin is against re-organization and favors immediate liquidation. Hugro Plans Ih-oceed Re-organization plans of the Hugro Manufacturing Company, Warsaw, a subsidiary of the International Note and Mortgage Company, are proceeding, according to Bert Mcßride, receiver. A t’emporary set-back whs experienced when the Hugro merchandise creditors demanded preference over other creditors In an offer from a Minneapolis firm in a re-organization project. The receiver refused to permit the preference and r.he offer is still pending. IiRYANDDOUC TO FILE LIBEL SUIT / Story of Quarrel Over Evelyn Brent Declared Untrue. By United t c LOS ANGELES, Oct. 31.—Mary Pickford and Douglas Fairbanks have announced they will bring suit for libel against an Eastern magazine which recently published a story said to have asserted the two famous movie stars had quarreled over Evelyn Brent, Doug’s former leading lady. They declared in a joint statement they had asked thefr New York attorneys to file the suits immediately. Miss Brent will join Doug and Mary in the suits, it is said.

NATIONAL C. OF C. HEADJN CITY (Continued From rage 1) to the city. Pierson was taken on a motor tour of the city. Barnes was taken from the Union Station to the Claypool, where he addressed the luncheon of Community Fund workers. He discussed the buslress outlook and the prospect for a settlement of European affilrs. A tour around the city was planned for Barnes and Pierson thi3 afternoon on the Belt railroad, which will give the visitors a chance to see some of the leading factories. Tonight Barnes and Pierson will be guests at a formal dinner at the Claypool. Barnes wll speak on "Nat.onal Team Play In Industry,” and Pierson on "Can the Modern City Pay Its Own Way?” Charles F. Coffin, president of the State Life Insurance, w 11 talk on “The Opportunity of Indianapolis.” National Leaders Also Here Felix M. McWhirter, pres.dent of the Ind anapolis Chamber of Commerce, will preside. Mus e will be furnished by P. L. Montanl, harpist; Arthur Graham, pian.st; Harlow Fenn Dean, vocalist, and an orchestra from the Indiana College of Music and Fine Arts. Ernest N. Sm th of Washington, D. C., head of the department of resolutions and referenda of the national chamber; John N. Van Dervrees of Chicago, North Central States manager for the organization; Dean Charles M. Thompson of commerce school of University of Illinois, and R. L. Bradshaw, secretary to Barnes, also were In the city today. FAVOR WATER SYSTEM State Tax Board Okehs GrifTy Creek Project at Bloomington. By Times Special BLOOMINGTON, Ind., Oct. 31. After a three-hour meeting with many business and professional men present, members of the Indiana State tax board decided in favor of the Griffy Creek water supply system for the city, ordering the cost of the plant cut from $400,000 to $290,000. The hearing was before John J. Brown and Philip Zoercher, members of the commission. Messrs. Winger and Carters, engineers respectively of the commission and the State board of accounts, attended. The commission will make a report within thirty days on a bond issue proposal. Here’s a Shoe Mystery Mystery of two pairs of shoes, one pair owned by a w*maji and the other by a man, exists a* the Capitol hotel, 3359 W. Washington St., Mrs. Emma Akerman told police today. A laundry bag disappeared with the shoes. The name of a suspect was given. Butler Coed Matinee Talks The Butler Women’s League is making plans for the sponsoring of matinee talks to the coed student body of the college. The subjects chosen will be of wide variety. Local speakers will be obtained. The committee in charge consists of Jesses Irma Ulrich. Louise Rich and Clarice Heodrlch.

‘Ale’ Up the Radiator Boys

SnHE next few days should find I all motorists, whether proJ hibitionists or not, in the market for alcohol, automobile experts declared today as the first real cold weather gripped the city. With the temperature around the freezing mark all cars are in danger of freezing up and every precaution should be taken to prevent this sort of damage which is costly, and inconveniencing and which can easily be prevented if taken in time. Cars should not be left exposed without wood alcohol in the radiator or sufficient covering to prevent freezing. There are many patent contrivances for the radiator that prevent freezing but the commonest preventative is alcohol, mixed in the proper’proportion to the amount of water used in the radiator. Distilled water should be added to the storage battery more frequently during cold weather as the higher the charge the lower the danger of freezing. An expert or chart should be consulted to learn If certain motors require lighter grades of lubricant for winter use. Winter is regarded by auto repair men as the most dangerous Season of driving as it Is far more easy for the layman to neglect little duties than in the warm weather. It must be remembered that a car can freeze up running as well as when standing still as steaming water vaporizes and thus freezes more easily than water of normal temperature.

VINEYARD OWNER IS CALLED BEFORE VET BUREAU QUIZ Bribery, Debauchery, Extortion and Graft Charged in Investigation. By Unit** Press WASHINGTON, Oct. 31.—The Senate committee Investigation of alleged mal-administratlon of the Veterans Bureau turned today to an examination of the acquisition by the Government of the hospital site at Livermore, CaL Luclen Johnson, California vineyard owner who sold the property to the Veterans Bureau, was summoned to testify concerning the circumstances surrounding the purchase. Scope Widespread With examination of the Livermore affair, Gen. John O’Ryan, counsel for the committee revealed the scope of the charge he is bringing against the Administration of the Veterans Bureau and especially against Former Director Col. Charles R. Forbes. In rapid succession, O'Ryan has brought to the attention of the committee charges involving bribery, extortion, debauchery and g"aft. He has summoned witness to testify many of thp major operations of the veterans bureau have been .administered for private gain and to the detriment of public service. Other witnesses have declared compensation to disabled veterans has been in many cases directly measured by the political influence brought to bear in their support. Brands Charges Fklve To so many of these ch.t.ges as Involve him personally, Colonel Forbes has replied with an Indignant and sweeping denial. He has declared repeatedly most of the charges are based on deliberate falsehoods in part Incited by personal enmity against him. BONAR LAW FUNERAL WILL BE HELD MONDAY High Officials of State Will Attend Rites of Britain Ex-Premier. By United Press LONDON, Oct. 31.—The funeral of Andrew Bonar Law, former prime minister, will be held in Westminster Abbey at noon Monday. High officials of state will attend. The former prime minister died at his home Tuesday of a malignant growth in his throat. POISON VICTIM VERY ILL Young Woman Found Moaning In Room—Near Death. A young woman giving he name as Pura Spangler Is In a critical condition at the city hospital today suffering from the effects of poison believed to have been self-administered, accord ing to police. The woman was found in a room at 110% S. Illinois St., Tuesday when her moans were heard by Mrs. John Grifflt, an occupant of an adjoining room. She was known there as Mrs. J. M. Smith. A man, giving his name as John Smith, Buchanan St., told police he knew Miss Spangler, but could give no reason for her act. The girl's home Is in Worthington, Ind., according to Smith, police said. FAST TRAIN IS WRECKED One Seriously Hurt When Passenger Is Derailed After Hitting Truck. By Times Special VALPARAISO. Ind., Oct. 31.—One person was seriously Injured and a few were slightly hurt when a fast passenger train on the Michigan Central Railroad was derailed near here late Tuesday. The engine and three cars were thrown from the track. The wreck was caused when the train struck a truck driven by Frank Landis of Gary. Landis was hurled 100 feet. He suffered fracture of the skull and is said to be seriously injured F. H. Diffenbaugh, engineer, was bruised. W. B. Lewis, a passenger, suffered several fractured ribs.

'" LIBERTY BONDSI SELL 415

FIRM METHOD OF GERMAN LEADER DOWNSREBELLiON Recalcitrant States of Saxony and Bavaria Bow to Federal Force. By United Press BERLIN, Oct. 31.—The Bavarian government ha3 decided to retain former Federal Dictator Von Lossow, despite Chancellor Stresemann’s demand he be dismissed. By CARL D. GROAT United l*ress Staff Correspondent. BERLIN, Oct. 31. —First report* from Saxony today showed Chancellor Stresemann’s strong arm methods with the recalcitrant states were winning. The tension was relieved when Sax on Socialists decided to form anew government free of communists to whom the central government objected. Attempts of the radical labor organizations to force a general strike In defiance of Federal Dictator Mueller’s decree met with little success. In Berlin another threatened cabinet crisis came anfl went. Efforts of some socialists to demand retirement from the coalition cabinet failed and Chancellor Stresemann’s prestige went up. The federal government was still waiting for compliance with its demand the Bavarian government placs its Reichswehr back under federal control, from which It kidnaped them a week ago by administrating an oath of loyalty to the state government. The government's demand was not accompanied by threats but it was thought the presence of between 50,000 and 60,000 troops in Saxony might soon be rendered unnecessary by Saxony might soon be rendered unnecessary by Saxon compliance and this was considered sufficient warning to bring BaVaria to time. ‘DEFEGfiNSPINE IS HEALTH PERIL’ Infants Need Best of Food, Osteopaths Are Told, Urging a thorough examination be made before treating a patient. Dr. Carl J. Johnson of Louisville, Ky., addressed the Indiana Osteopathic Association at Its twenty-sixth annual convention at the Lincoln today. "We know that when the least little defect Is In the spine it will affect the entire vertebrae,’* Dr. Johnson said. Proper nourishment, particularly In infants, is necessary to the strengthening and development of the spine.” Dr. Roland McCabe at the opening business session pointed out that tho O3teopathic law, unchanged since 1905, had been amended by the last General Assembly to make the practice of surgery and obstetrics legal for csteopaths. The nominating committee was appointed to select candidate* for election Thursday afternoon. Speakers this afternoon were: Dr. F. A. Turfler, Rensselaer, Ind.;. Dr. C. J. Gaddis, Chicago, 111.; Dr. Frank H Smith, Indianapolis, and Dr. Carl J. Johnson, Louisville, Ky.

PLAGUE TOLL LOWERING Indiana Is Gaining Over Disease, Official Says in Mwsage. Murray A. Auerbach, ™ecutlve *eeretary of the Indiana Tuberculosis Association, today sent a Halloween message to antl-tubercuiosis workers in ninety-two counties, urging that Nov. I be observed as Indiana’s “White Plague” day. Auerbach declared figures made public In New York placed the Hoosler State In th* list of States that are credited with “medium” death rates from the disease. Indiana’s death rate from the disease in 1920 was but 109 persons for each 100,000 population. In 1922 the rate had fallen to BS.I in each 100,000 population. In 1920, however, Indiana had a higher death rate than Kansas, Michigan, Minnesota, Montana, Nebraska, New Hampshire, Oregon, Utah, Vermont. Washington and Wisconsin. REAR ADMIRAL IN CITY Albert P. Niblack Visits State lifter Fourteen Years’ Absence. Rear Admiral Albert P. Niblack. U. S. N., retired last summer, will arrive in Indianapolis this afternoon from Vincennes, Ind., for a short visit. The officer is making his first visit to his native State in fourteen years, and the third in forty-five years. While in Vincennes, his birthplace, he visited his brother. Mason J. Niblack, who was to accompany him here, and attended a reception at the Grand Hotel. Niblack was in charge of the American fleet in the Mediterranean Sea during the World War. He will visit here with his sister, Miss Sarah Niblack, 109 W. Nortll St., the old home of his father, W. E. Niblack, former Judge of the Indiana Supreme Court. Honorary Butler Club Meets The Sphynx Club, honorary Butler organization, held its first meeting this year. Plans for the coming year were discussed. The following men were initiated: Thomas Smith, Harold Barclay, Glen Duttenhaver, Bruce Matlock, Hanly Carraway, Carter Helton and Maurice Mackey. New Yorker Held on Check Abe Welnstock, 27, New York City, was arrested Tuesday night after J. F-. Wood, detective at the Claypool, and Charles A. Kepner, assistant manager, told them he had presented a S4O fraudulent check for room rent. Welnstock denied the charge.

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