Indianapolis Times, Volume 35, Number 153, Indianapolis, Marion County, 8 November 1923 — Page 13

THUKSDAY, NOV. 8, 1923

MARKET LEADERS •FORCE AHEAD Hi IMPRESSIVE WAY Studebaker, Can, Baldwin and Others Lead List in Further Advance, The WALL STREET JOURNAL NEW YORK. Nov. B.—Wall Street was treated overnight to one of the ino&>. stimulating business developments occurring in recent months. Since Oct. 1. Steel shares have been freely sold on talk of decrease in production and naturally American Iron and Steel Institute’s showing of an estimated production increase in October over September was sufficient to cause Steel common to score a fractional gain while industrials displayed a strong tone in today’s early dealings. First HornFurther pronounced strength developed in the whole market around 11 a. m. Studebaker made anew high cn the movement at 103 and Can at 9:.'- 4 while Baldwin. Steel and other industrial leaders were active around best levels on the current upswing. Kotor accessory stocks scored sharp u .der the leadership of Stromberg ana specialties of the type of Congolenm moved up spectacularly on light sales. A generally better tone was imparted to the whole list through the advance of these issues. Second Hour Texas Company led a rallying tendency in the oils in the late morning in response to the favorable developments In the industry. A sharp reduction in gasoline In storage has been followed by a decrease in crude oil production. Advancing prices of crude and by products thereof would not surprise those with a keen business sense. Traders w-ho have been selling shares since last spring have been difficult to convert to the con structive side. With close to 4,000.000 new automobles produced this year the odds do not favor a drastic shrinkage in gasoline consumption next year. Noon Hour Stocks maintained a strong tone around noon and numerous issues moved into higher ground. International Harvester gained a full point to 76. General Baking sold up four points to 98 or. reports of favorable developments before the end of the year. Mack Trucks was a strong feature, advancing nearly 2 points on top of a 2% point advance Wednesday. Studebaker's further new high on the current upswing was followed by strength throughout the motor group. active industrial stocks on Hk-dnesriay averaged 89.48. up .12 per cent. Twenty active rails averaged 79 73, off .30 per cent. Local Bank Clearings 'ndtanapoi. bank clearing* Thursday .>-e 53.04',:.000; tank debits w, re $5,004.000. New York Money Market .ty l nit id t moncial N'EW YORK. Nov. 3. —Commercial paper rates are otto Vi per cent. Time money ,n t at 5® j'i per cent dewndir.x on the molarity Foreign Exchange By f nited Financial XEW YORK Nov. B.—Foreign exchange lresalar- Sterlinr. demand 4.44 5 *: cables. 4.44“%. r'ran, s-. demand, 0.704 c: eablee. 5.7% c. Lire, demand. 4 43%c: cables. t.44c. Belgian, demand. 4-95%c; cables. 4Jo. Marks. 2.2 .’5.000.000.000 to the • loMar Czecho. deii .uid. • 2.92 c: cables, 2.925 c. Swiss, demand. 17.72 c cables. 17.74 c Guilders, demand. 38.53 c: cable*. 38 56c. Peseta- demand, 13.22 c; cables. 13 24c. Sweden, demand. 26.7C0: cable*. 26 31c. Norway, demand. 41.57 c: cables. 14 61c. Denmark, demand. 16.98 c: cables. 17 02C.

Produce Markets

INDIANAPOLIS. Nov. B.—Fresh erss. loss of!. 48e: ;>a.kinfr stock butter. 28c: sprints. under 2 ibs.. 29c: spring -. over 2 lbs, 17c: fowls. Ibo. up. 20c: fowls under 4Vs ib*.. 17c: Leghorn poultry. 25 per cent discount; cocks. 10c; young tom turkeys. 12 lbs. up. 30c: young hen turkeys. 8 lbs up 30c: o'd tom turkeys. 25c: ducks 4 lbs. up. 18c: geese. 10 lbs. up. 15c young reese. 6 lbs. up. 15c, squabs. 11 lbs. to the Bi, *5: young guineas I*4 lbs. up. doi.. us; old guineas, doz.. So: rabbits, drawn. ™o. 1. doz.. S3 Indianapo'is creameries are paying 48c a Ib. for butterfat. CLEVELAND. Nov. B—Butter—Extra In tubs. sß*i 4153 : jc: prints. lc extra firsts. f4 5 ,i j,.55 He Eggs—Fresh gathered northern extras. 55c: Ohio hrsts. 53c western firsts, new cases, 51c. Poultry—Heavy fowls. 22t24c medium fowls 19 4?22c: cocks, 14 i l‘>c; springers. 23c; ducks. 24*8 23c. Potatoes—Michigan round whites. $1.75® 1.90 per 150 pounds; early Ohlos, ?2.60ig2.65 per 150 pounds. CHICAGO. Nov B.—Butter—Receipt.-. 4.330: creamery extras .31 *4e: standard'. 48*4c: fir-ts 44 1 z846 , ic; seconds. 124 t 43c. Egg R* cipl- 3.063: ordinary first-. 32 >B4oc fir-ts. 44'a 48c. Cheese—Twins. 23Vic: Young Amtrtcas 25*, Poultry—Receipts. 11 cars; fowl*. 13<gl7*ac; duck? 19. geew . 20c: springs. 18c: turkeys. 36c: roosters. 13 He. Potatoes—Receipts. 366 ears: Wisconsin round whites. $1 ® 1.20: Minnesota and North Dakota U. S. No 1 Soe®V. 10' Red River Ohio?, 85<® 96c: Early Ohio? 85®90c: Michigan round whites. Sira 1.06: Idaho Russets. SJ 90® 2. NEW YORK Nov B.—Flour—Quiet, steady Pork—Dull. Mesa—s2s a 26. I.ard —Firmer: mid vest spot 513.95® 14 05. Sugar—Raw. steady. 6.01 c; refined stead}': granulated S 40w 8 7t*c 'offer—Rio scot. 11® 11 He: taotos No. 4. 14 R ®lsc. Tallowy— Firm: spe-ial to extra. 7*; 41 80. Hay —l*l rrr No 1 515: No. 3. $124112.50 Dressed poultry—Quiet turkeys. 26**60c; chickens. 186 42c: fowls. 156 30c ducks. Long Island. 27 <i 29c; Live poultry—Steady ge--e. 254? 27c; dv''kf 14® 29c; fowls. 15 4t2Ho. turkeys 40 ® 4.5 c: roosters. 15c; chickens 20 : 2 broipis. 27C 28c. Cheese —Firm: state whole milk common to special. 228 27 1 *c. state skims, choice to spe cials. 16& 19v: low. r grades. svt5 vt 1 >c. Butter —Firmer: receipts. 10 601. creamery extra. 62 ?: special market. .52 R li 53c: state dairy tabs 40'.; 51 ■ o Eggs—Steady receipts. 19s807; nearoy whites, ta.u) . 824; 84c nearby state white. 454184 c: lrwh firsts to extras 48*4; fsc Pacific coast. -40®76*4c: w-stern wh.tes. 45<i84 : nearby browns 6-5 ® 75c: Pacific coast firsts to extras. 63® 75. Buter —Danish, 46® 48c: Argentine, jfkg 44c Tank Wagon Prices (Gasoline prices quoted do not include Btate tax of 2c a gallon.? GASOLINE —Snergee, 18c a gallon: Purol, 14.2 c: Red Crown, 14.2 c; Target 14.2 c; Silver Flash. 18c; Standolin aviation. 21.08 c. KEROSENE —Cryst aline. 10.7 c: Moore Light. 15c; Perfection. 10.75 c. NAPTHA —Lion Poyer cleaners. 25.1 c; V. M. A P, 22.1 c: Standolind cleaners. 82 Ac. Raw Sugar Market 9tl United Financial NEW YORK. Nor. 8. —The raw sugar market opened steady: November. 5.44® 5.45 c; December. 6.21® 5.22 c; January. 4.72C4 7Se: March 43.5®4.16c

New York* Stocks (By Thomson & McKinnon) —Nov. 8—

Railroads— High. Low. 12:45. close. Atchison ... 9714 ... 97 97 B & O 5814 58 58 V* C & O 73 72 72 72 % C * N W Ry 61 ... 60 60 Erie Ist pfd 24 % 241* 24% 24'4 Gt North pfd 571* ... 56 % 56 % Mo Pac pfd. 26 ... 25 25 N Y Central .100’* 100 Vs ino% 100 44 "North Pac. . . 531* .. . 53 54 Pere Marq.. 41% ... 41 41% Reading .... 76 4* 76% 76 s * 76V* South Pac... 86 s * 86% 86 s , 87 St Paul pfd. .25 ... 25 244* St L * S W. 30% 29', 29 s * 28 4 Union Pac ..130% 13014 130% 130V* Wabash pfd. 3414 33 s , 34% 33% Rubbers— Kelly-Spring. 2514 24 4, 251, 2414 U S Rubber. 34 >4 ... 34% 34 >4 Equipments— Amer Loco.. 72 7114 '7l s * 714* Ba!dw- Loco .124 4, 122 44 123 44 123 Vi Gen Elec ...184 ... 183 182’* Lima L0c0... 65 *4 ... 664, 65 Westb Elec.. 5914 59 59Vi 59V4 Steels— Bethlehem... 49 *4 49 V* 4914 49 Crucible 63’4 32 4* 63’* 62 V, Gulf States.. 78 s , 77V, 78% 77 >i Rep Iron & S 45 s * 43% 431, 45 U S Steel... 93 s * 93 ’93’* 92% Motor,— A B Magneto 29 s , 27 29 s , 26 Chand’er Mo. 491* 48 V, 49 47 “4 Gen Motor,.. 14 4* 14 s , 14 s * 14 44 Max Mo “A” 48 4314 46 V, 4314 Studebaker . .103 V* 102 102 s , 102 % Stromberg... 734* 67 73 s * 67 Mewart-W. .. 85 8314 841* 8314 Timken 38 37 Vi 37% 36 44 WUlys-O pfd. 73 72 72 % ... Oils Ca’if Petrol.. 20 s , 20V* 20Vi 2044 Coeden 27?, 26 44 26 s , 27 Houston Oil. 51V* 49 7 i 51 60V4 Mariand Oil.. 242314 2344 23

Your Dollar Uncle Sam Tells Who Gets It,

CANNED FRUITS / 59 Al\ / Cente AbJjocX I rTctflsr- —29 || CenTfe l| u Profit 8c JJ \ Overhead JJ Soc£/c//r>ff // nv* "Ta.xes>^ I t | UST as the big commercial ; j bakery has caused thousands —— -of housewives to quit baking bread in their own kitchens, so the L.r canning factories are slowly making “canning season” a thing of the past in most homes. Cannera claim they can sell their product cheaper than the housewife can buy fruit and can it herself More than half the money the Conner receives he pays out for his materials. Out of every dollar of his selling price his fruit, sugar, cans and other materials represent 59 cents. Labor gets 12 cents and 29 cents goes to pay overhead, including taxfs and the manufacturer’s profit. The business is seasona, so overhead is high A 10 pei/ cent increase in materials would add 5.9 cents on each dollar of the selling price. A 10 per cent wage increase would ada 1.2 cents on each dollar. NEXT—Carpets. STANDARD OILS STRONG IN INITIAL CURB TRADE List as a Whole Holds Generally Firm —Glen Alden Scores. B United Financial NEW YORK. Nov. 8. —The Standard Oils were strong again on the curb today. Under the lead of Prairie Oil this group scored gains ranging as high as 4 points. The list was firm elsewhere, Reo Motors and Glen AJrien showing the way to moderate gains in their respective divisions. Opening prices were: Mutual, to\; Radio, 3V4; Glen Alden, 19V*. up Cities Service, 129 Vi. off Vi; International Petroleum. 15, up >4; Salt Creek Products. 18V4. up %; Reo, 16%, up %: Vacuum. 52V4. up Vi: Prairie, 191%, up 1%. Crude oil production In tho United States in the week ended Nov. 3 is estimated by American Petroleum Institute at 2,255,850 barrels daily, a decrease of 10,000 daily from the average in the preceding week. Standard Oil of Kentucky reduced gasoline 2c a gallon, effective Nov. 5.

In the Cotton Market By Cnited Financial NEW 50RK. Nov. B.—The cotton market opened lower: December 33 95c; .Janar- -J obe, off 7 points; March 33.75 c, off 7 points. The Census Bureau report* cotton ginned to Nov. 1, counting round bales as halves snd excluding llnters. 7.654.578 balw. against 8.139.839 a year ago. Amount ginned between Oct. 18 and Nov. 1. 1,143.:M. against 1.177.805 a year ago. Included in report are 194.677 round bales, against 143,086 year ago. Sea Is,and, 437 against 3.077. and American Egyptian. 11.921 against 13.335. Dressed Beef Prices Wholesale sc ling prices on dressed beei. Swift A Cos.: Ribs—No. 2. 30e: No 3.17 c. Loins—No. 2. 25c: No. 3.18 c. Rounds — No. 2. 20c; No. 3,16 c Chucks—No. 2. 13c: No. 8. 10c. Plates—No. 2,8 c; No. 3.7 e Far Coats, Overcoals Stolen Mrs. Marpiret Pope, Home Hotel. 24 V 4 S. Illinois St, reported to police that her room was entered and a fur coat, valued at S9B, taken. Jess Jones. 3655 W. Michigan St, reports his overcoat, valued at $35, taken. Rabert Martin, 340 N. Illinois St, reports the tool house at the New Riley Hospital entered and his overcoat, valued at $25, taken. Old Time Printers to Meet The quarterly meeting of the Old Time Printers’ Association will be held at 2:30 p. m. Sunday in Parlor D, Denison. Hilton U. Brown of the Indianapolis News will speak. Liquor Charge Draws Sentence John Hambright, 316 W. Michigan St, arrested Oct. 8 on a blind tiger charge, was fined SIOO and costs and sentenced to thirty days at the Indiana State farm today. Le Grande Marvin Inspector Le Grande Marvin was appointed inspector at the garbage reduction riant by the sanitary board today. Marvin succeeds Ed Lingenfelter who resigned.

High. Low. P M. Close. at 12:45 Prev Pan-Am Pete 59% 58 44 59 68% Par-A Pete B 57 ’4 56% 58 44 66 44 Pro. and Ref 19', 18% 18% 18% Std Oil of Cal 55% 54% 54 44 54% Std Oil of NJ 33 % 32 % 33 % 32 % Sinclair 18% 18% 18% 18% Texas C 6... 38% 37% 38 44 37% Minings— Gt. Nor. Ore. 31 . 31 31 Int. Nickel.. 11% 10% 11% 10% Tex G & Sul. 61 % ... 61 % 61 Coppers— Anaconda. .. 35 T 4 35 % 36% 35% Kennecott 33% ... 33% 32% Industrials— Allied Chem.. 65 64% 65 64% Amer Can ..100% 98 100% 98 Amer Wool.. 73% 72% 72 44 72% Coca-C01a... 74 73 73% 73% Cont Can.... 49 % 49 % 49 % 49 % Fam Players. 63 % 60 % 62 % 60 % Gen Asphalt. 3144 31 3144 31 Int Harvester 75 ... 75 75 May Store?.. 83% 83 83% ... Mont Ward. 23'4 ... 23% 23% Sears-Roe . . 82 >4 81 % 82 V* 81 . U S Ind Alco 35% 55% 55'* 56% l tiHtioft— Am T and T. 123% 123% 123% 123% Con - 62% 61% tfj’4 63% People * Gas. 91 yl 91 Shipping— Am Int Corp 21% 20% 20 A 21 Atl Gulf .. . 15% 15% 15% 16 1 Int M M pfd 35 34 Vi 34% 35 Food*— Amer Sugar. 53 ... 63 63 Corn Prod .130% 129% 129% 129% Cu Cn Su pfd 46 44% 46 44% Cu-Am Sugar 29 % 28 % 29 % 29 Punta Alegre 51 % 61 61 50 44 Tobaccos— Am Tob Cos .149% 149% 149% 148 Tob Prod B. . 57 56% 56% 56%

CORN GOES HIGHER IN OPENING TRADE Wheat and Oats React on Selling Pressure, By United Financial CHICAGO, Nov. B.—Grain prices opened irregular on the Chicago Board of Trade today. Heavy liquidation and spreading activities caused a lower wheat open lng. Commission houses and tired longs sold out when the general trend of news was bearish. Export business was quiet Outside markets reported weak undertones, and Northwest advices showed increases in offerings ana a slov. demand. Llve--pool opened lower, when liberal offerings of Argentine and Indian wheat in the nearby delivery lacked buyers. Despite reports the Government statement to be issued this afternoon is expected to be bearish, buying In corn was heavy at the opening, and prices showed sharp advances. Sellers of wheat were buying in com. The cash market was strong. Oats were unchanged, but maintained a weak undertone in sympathy with wheat. Continued foreign inquiry and domestic demand resulted in an advance in provisions. Chicago Grain Table At 11:45—Nov. 8 WHEAT— Prev. Open. High. Low. Clo 5- close. Dec.. 1.05% 1.05% 1.04 44 1.05% 1 0544 1 05% May.. 110 44 1.10% 1-10% 1J.0% 1.11% 1 10% 1.11 July.. 1.06% 106% 1.06% 106% 1.07 1 08% CORN— Dec... .77% .78 77% .77% .77% .77 % .77 % May.. .75% .75% .75 .75% .75% .73 % .75 % July.. 78% 76% 75% .75 4* .76 4; .76 .75 % CATS— Dec... .42% .42% 43 .42 42% May.. .44% 44% 44% .44% .42% July.. 43% 43% 43% CHICAGO. Nov B—Car lot receipts: Wheat. 30; corn. 74: oats, 74

Grain Briefs

CHICAGO. Nov. 8-—Huakinr and cribbine of corn made srood progress in northern Slate* and work is nearly completed In some section* Unfavorable wealher In the southern and eastern State* delayed gathering and huaking. Thousand* of acres of winter wheat in Oklahoma and Qansas have been ruined by excess!vo wet weather and has caus'-d much sprouting and rotting M any a> res rotted In the ground will have to be replanted. Receipts In the Minneapolis market continue heavy ard indications arc that they will do *o for eome lime a* commission houses report good advance*. Wheat displayed a heavy undertone and has cut away from corn although strength in the latter to some extent has assisted in preventing a sharp break in bread grain*. Even with iavorablo weather, husking of the Nebraska Corn crop will not be ;ompleted for three or four week*. Labor shortage is keenly felt in this State. Local Hay Market Loose hay. slß® 21: bale*. sl7® 20; light mixed hay, sl7® 20. Local Wagon Wheat Local mids and elevators are paying $1 for No. 2 red wheat.

Business News

NEW YORK. Nov. B.—.fudge Hand, in Federal District Court signed decree of segregation in the Lebigli Valley Railroad case providing for the dissolution by raiiroad of its coal properties The final decree provides that the Lehigh Valley Railroad Company shall dispose of all 'hares ot stocks, bonds and other evidences ol indebtedness as is necessary to establish entire independence of the coal companies. NEW YORK—OiI imports last week averaged 181.857 barrels daily, against 218.000 daily in the preceding week. Production and imports were thus at the rate of 2.437.707 barrels daily; in week ended Oct. 27 they aver; ged 2.481,0ut) barrels a day. California production last week declined 15.000 barre.s daily to an average of 785.400 barrels, almost ait the decline occurring In the Sante Fe Springs fie.d, which, at 237,000 barrels, produced 15,000 a day less. Smaller production is shown for all but three districts—central Texas. Arkansas and eastern. NEW YORK—The Famous Player-Lake.v Corporation faces no need of new financing or recapitalization, according to a statement of R. W. Saunders, controller. The corporation. he said, was looking forward to good business during the winter and spring and the executives saw no reason why the present 8 per cent dividend on both the common and preferred stocks should not be maintained. WASHINGTON —The financial program of the Treasury Department for the near future with special references to possible new bond issues or a recommendation to Congress for changes in taxation has not yet been finally determined upon, according to a high official of the department. It is understood the reasons cited by Messrs. Meyer and Mondell of the war finance corporation as a result of their recent survey of the financial conditions in the agricultural States that there should be a reduction iu high surtaxes and a limitation on the issuance of tax-free securities, met with the full approval of Secretary Mellon. Cloverseed Market , Local dealers are paying $7.80® 10 a bushel for cloverseed.

THE INDIANAPOLIS TIMES

HOG PRICES HOLD GENERALLYSTEADY Strong Opening Followed by Weaker Tone —Run Large, Nov. 250-300 lbs. 200-225 lbs. 150-180 lbs. 2. 7.50® 7.65 7.20® 7.45 7.00® 7.15 3. 7.50® 7.65 7.30® 7.50 7.10® 7.25 5. 7.50® 770 7.30® 750 7.15® 7.25 6. 7.50® 7.05 7.20® 745 7.00® 720 7. 7.50® 7.60 7.25® 7.4 ft 7.00® 7.20 8. 7.50® 7.60 7.25® 7.46 7.00 ® 7.20 Despite another large run of 15,000 or more hogs, prices for pork on foot held fairly steady in trading at the local livestock market today. The opening wias regarded as strong, which was taken to indicate from the range of sales that early transactions were about steady with Wednesday’s early prices, while a slump which followed brought quotations to about a parity with Wednesday’s dosing transactions. A top of $7.60 was paid for heavyweights, though weighty hogs sold generally at $7.50 and lights from $7 to $7.20, and mixed and mediums from $7.25 to $7.45. As on Wednesday, the bulk of sales was made between $7.15 and 7.35, indicating that general sales had been made at relatively steady prices. Shippers were active in the early market but enthusiasm died out when their requirements had been met and local killers were disposed to bid 5 to 10c lower, bringing the price range down to Wednesday's closing level, pips and sows were general;,,’ steady, pigs selling down from $6.50 and sows down from $6.25. A total of 2,131 hogs were carried over from Wednesday's market. The cattle market was regarded as steady though trading was done in perfunctory fashion. Only common grades were represented In the re- j ceipts, but stock raisers have become j accustomed to the prevailing low j prices for the common grades and are fairly well resigned to the neces- i sity ’of taking lower prices, traders said. Receipts 800. Due to a stronger demand, prices for veals advances generally a half dollar to a top of $11.50, while the bulk brought from $10.50 to sll. Receipts 300. Lamb prices dropped a half dollar to a top of $11.50 while sheep held steady at $6 down. Receipts. 400.

—Hoc* — Choice light* $ 7 00® 7.10 Light mixed 7 10@ 7.20 . Medium mixed 7 25 W 7 45 Heivywclght* 7.50® 7 60 Hulk of sales ............. 7.15® 7.3*> Ton 7 60 Pig* 6 60® 6 50 Packing sows 5.76® 8.25 1 Cattle Few choice steers slo.oo® 11.50 Prime corn-fed gteern, 1.000 to 1.800 !b* 900 @ 9.50 Good to choice sfecr* l.OOoto 1.100 lb* 8.60® 9.00 Good to choice steer*. 1,000 to 1 500 lb* 7.50® 8.00 Good to choice steer* 1.000 to 1 700 lbs 6 00® 7.60 Common to medium steer*. 800 to 1.000 lbs.- ■' 6.00® 700 —Twwm ana Heifer*— Choice to light heifers $ 9.00® 10.00 Good heavyweight* 7.25 fit 9 °9 Medium heifer* 6 00® 7 25 Common cow* 5.00# 6 0,1 Fair cow* 8 00® 7.50 '"utters 2.75® 3 55 : Canners 2.25® 3 75 —Ball*— Fancy butcher bulla $ 5 00® 6.00 Good to choice butcher bulla. 5.00® 5.59 Bologna bulla 4 50 ® 6.00 —Oalve*— Choice veal* .... slo,oo® 1\.50 Good veal* o.oo® 10.00 Medium v'-als 7 00® 9.00 Lightweight veal* 7.50® 800 Common veal* 700® 7.50 Common heaviee 600 ® 7.00 Top : 11.50 —Blirep and I-ainb*— Extra choice lamb* . .. . slo.oo® 11.50 Heavy lambs 8 00® 10 00 Cull lambs ; ’oow 7 50 Good to choice ewe* ........ 4 00 fi? 7 00 'Culls VFUJJJ" ’ ’ 20 °® 3 -00 Other Livestock By United financial CHICAGO. Nov B.—Hog*—Receipt*. 60.000; market steady: top. $7.45: bulk, $6.80 ® 7.30: heavyweight. s7® 7 45; medium. | $7.05® 7.46: light*. $6 60® 7.35: light I lights. so®7; heavy packing sow*. $6.50® I 6,70; packing sows, rough. $6,30® 6.60: killing pigs. $6.26® 6.25 Cattle —Hc-eipts. 10.000: market fed yearling, hand.vweight steers anil desirable beef heifer*, active, strong to 15a up: spots more: short sod weighty sbers. steady to strong; killing quality plain: medium grade* kind prrdom inatlng; some long year'tng. sl2: haudy-w-etzht steers, $1176: sales numerous at yfi(a i '"> *•"' rfd'wr* o kinds, $5.50® 7: few mealy offerings up to lunk ne.-tuxl wester steers, odd lots, off to $4 and below; canners and cutters strong: lower grade* fat eows and bulla slow. 25c lower; vealers. 25c lower, mostly $9 to packers, Blocker* and feeders easy: moderate share week’s advance lower. Sheep— Receipts. 15.000; market active: fat lambs strong. 15c up: cull natives, sheep and feeding lamb* steady; most fat lambs, $12.50® 12.75: few up to sl3: anil natives, $9.50® 10: no early sale* fat sheep: top h-edlng lambs. $12.90. EAST ST LOUIS. Nov B.—Cattle—Receipts. 3,000; market, beef steer* down; native beef gteer*. $9.75 up; yearling* and heifers $10.25: cow*, 5350(W4.75; canners and cutters. $1.75® 3.25; calve*. $9 Stocker* and feeders. $4 fit 5.60. Hogs—Receipts, 16 000; market, steady to 10® 15c higher: heavy, $7®7.40: medium $7.10®7.40; lights. $6 2i>® 7.25 light light*. 50.75® 7 10: pahcing sow*. s6® 6 25; pig*. $5.50® 6.25 bulk $6.90® 7 25. Sheep—Receipts, 2 000: market 25c lower, ewe*. $3.50® 6 25: calmer* and cutter*. $1®3.50; wool lambs. $10.60® 12.25. PITTSBURGH, Nov. B.—Cattle —Receipts light: market steady; choice s9® 9.50; good. $8.25® 8 85: fair. so® 7.15: veal calves. sl2® 12.50. Sheep and lambs—Receipt* light; market steady: prim- wethers, $7.50; good [email protected]• fair mixed. $5.50 ®6.25: lambs, s9® 12.50. Hog*—Receipts, 35 doub'e-decks. market steady: prime heavy, $7.60 @7.65; medium*, $7.40® 7.50: heavy Yorkers. $7.40®7 50: light Yorkers $6.75®7: pigs. $0®6.50; roughs. $5.50®6.60: stags. $3.50@4. KANSAS CITY. Nov. 8. —Cattle —Receipt*. 6.000: calves. 1.000: killing sle-rs generally steady: fat cow* around steady canners strong: bulls and calves steady; good Stockers and feeders scarce; other kind* dull. Hog*—Receipts, 12,000; mostly. 5 ® 10c higher: packers and shippers good 200 to 250 r>oimd averages. $7 fit, 7.10: packing sows, $6.25®6.50: stock pigs mostly, $5®5.25. Sheep—Receipts, 2,000 few decks native lambs about steady: best, $12.50. No western or fed lots offered. CINCINNATI, Nov. B,—Cattle—Receipts. 1.250: market steady to weak: shipper*. s7® 9. Calves—Matket steady; extra*. 59.50. Hogs—Receipts. 7.500; market steady to 16c lower; goo-1 or choice packer*. $7 50. Sheep—Receipts. 800; market steady: extras. s4® 5.50. Lambs—Market steady: fair to good, $12.50® 12.76. gouseUmTs needed, KIWANIANS ARE TOLD Hotel Proprietor Says Convention Facilities are Lacking. Indianapolis is an important convention city, but it is unable to provido adequate facilities for large conventions, J. Edward Krause, proprietor of the Washington, told the Kiwanis Club at tl e Claypool Wednesday. Seventy-three local organizations have been asked to support a. movement to secure a coliseum for the city, he said. The following nominating committee was appointed: Joseph Kebler, Lawrence Pall, Eli Schloss, G. F. Olwin, R. P. Oblinger. Charles H. Comstock, president of the Interior Hardy >od Company, told about Brazil and its people-

Memorial to Col. Galbraith Jr. Is to Be Unveiled at Cincinnati Nov. 10

f THIS MEMORIAL TO COL. FREDERICK GALBRATTH JR., FORN NATIONAL COMMANDER OF THE AMERICAN LEGION. WILL • • UNVEILED IN CINCINNATI. NOV. 10, AS THE PRINCIPAL EVEN! jr 9 THAT CITY’S OBSERVANCE OF ARMISTICE DAY. i CABINET MEMBERS AND REPRE SENTATIVES FTtOM THE ALL ’H& EMBASSIES AND LEGATIONS ARE EXPECTED TO BE PRESE I TOGETHER WITH OHIO WORLD WAR VETERANS, MANY jj&''fa- .* ■'f WHOM SERVED UNDER GALBRAITH AND JOHN R QUINN, ./• - y Wfr*l j .TIONAL COMMANDER OF THE AMERICAN LEGION. COLONEL GALBRAITH. ELECTED TO THE LEGION COMMAND . M SHIP AT THE LEGION CONVENTION IN SEPTEMBER. 1920. V ML A J§ KILLED IN AN AUTOMOBILE ACCIDENT AT INDIANAPOLIS. Jl MB 0 l!* 21 HE RECEIVED THE DISTINGUISHED SERVICE CROSS ] \ EXTRAORDINARY HEROISM IN FRANCE. HE ALSO W AS AWARI P \ THE FRENCH AND BELGIAN CROIX DE GUERRE AND THE FREI litE Y i JHgV LEGION D’ HONNEUR.

WORLD COURT fS URGED IN PEACE APPEAL OF WOMEN Statement to Be Read in All Churches on Armistice Day. 'An appeal for peace and for the world court will be read by women in the Indianapolis chunhes Sunday in connection with the observation of Armistice day. The peace sermon was written by Miss Ruth Morgan, chairman of the League of Women Voters' department of international cooperation to prevent. war. The American Legion will hold an Armistice day celebration at B. F. Keith's Theater noon Monday. Kenesaw Mountain Landis has been invited to speak. Other speaker* will bo Oswold Ryan of Anderson and Dr. Carleton B. McCulloch of Indianapolis. Bertram S. Hawkins will preside. The Eleventh Infantry Band will give a concert. Brig. Gen. Dwight E. Aultman, commandant at Ft. Harrison. and his staff have been invited to attend. A celebration will be held at the Cadle Tabernacle Sunday under the auspices of the Indianapolis Gospel Tabernacle Association. Dr. W. R. Funk of Dayton will speak The Indianapolis Gospel Chorus will sing, and an organ recital will be given by Mrs. William Dulhie Veterans have been invited. The Bruce P. Robison post of the American Legion hias brought John C. eber and his band here for a concert at Caleb Mills Hall Sunday. Programs wil lbe given at the public high schools Friday. The Service Club has arranged a progrjini at the First Presbyterian Church. The Trvington Legion Post will celebrate at the Irvington Theater Sunday night.

YES, WE HAVE NO ■ TURKEYGOBBLERS Loss in 1922 Is Blamed for Shortage of Fowl. Turkeys, the time-honored meat, for Thanksgiving dinner, three weeks from today, are not to be found on the city market. Last year they appeared in September. The unexpected loss in the sale of turkeys In 1922 has caused a marked scarcity, according to Henry Greenburg, a market poultry dealer for fifteen years. Other Thanksgiving delicacies were unchanged in prices. Pineapples appeared at 40 cents each. French endive at $1 a pound alho made a debut; English walnuts were 40 cents a pound. Sweei potatoes were three pounds for 25 cents; cranberries were 16 cents a pound. STATE BILLS DRAIN FUND Another “Crisis” Here With Lack of Money to Meet Expenses. With a $286,000 bill from the new Indiana Reformatory and a balance ofabout $30,000, the general fund of the State faced Its periodic veed for more money. Funds have been received on advance call from about eighteen counties and others will turn in more within the next few days. From the payments the general fund will receive $500,00C, enough for natural demands, but not enough to carry its enormous indebtedness. Today the benevolent fund had a $50,000 balance, and the highway fund, $60,000. Knife Concealment Charged Lloyd Crouch, 350 W. WashiHgton St., was charged today with drunkenness and carrying concealed weajjons following an argument with his employer, I. J. Niei, proprietor of a restaurant, 328 W. Washington £t|., who had discharged hiqju Police said they found a large knife in Crouchs pocket.

THIS MEMORIAL TO COL. FREDERICK GALBRATTH JR.. FORMER NATIONAL COMMANDER OF THE AMERICAN LEGION, WILL BE UNVEILED IN CINCINNATI. NOV. 10, AS THE PRINCIPAL EVENT IN THAT CITY'S OBSERVANCE OF ARMISTICE DAY. CABINET MEMBERS AND REPRE SENTATIVES FTtOM THE ALLIED EMBASSIES AND LEGATIONS ARE EXPECTED TO BE PRESENT. TOGETHER WITH OHIO WORLD WAR VETERANS, MANY OF WHOM SERVED UNDER GALBRAITH AND JOHN R QUINN, NA .TIONAL COMMANDER OF THE AMERICAN LEGION. COLONEL GALBRAITH. ELECTED TO THE LEGION COMMANDER SHIP AT THE LEGION CONVENTION IN SEPTEMBER. 1920. WAS KILLED IN AN AUTOMOBILE ACCIDENT AT INDIANAPOLIS. JUNE 9 1921 HE RECEIVED THE DISTINGUISHED SERVICE CROSS FOR EXTRAORDINARY HEROISM IN FRANCE. HE ALSO WAS AWARDED THE FRENCH AND BELGIAN CROIX DE GUERRE AND THE FRENCH LEGION D’ HONNEUR.

G. 0. P. RANKS AUGMENTED John Moorman 111 of Knox Latest Addition to Cohort*. John L. Moorman of Knox, sometime? called the most reticent politician in Indiana, broke the crust when John Moorman 111 was ushered into the world. “I hope he will grow up to be aa good a Republican as his old granddad and will lean to stand hitched just as well as I do," Moorman wrote to Governor McCray. COMMITTEEWANTS REYNOLDS LETTERS Local Veterans Bureau Correspondence Sent For, John B. Reynolds, secretary of the Chamber of Commerce, today received a request from John F. O’Ryan, of the Senate (Committee investigating affairs of the Veterans' War Risk Insurance Bureau under the C. R. Forbes administration, for correspondence relating to the proposed establishment of the bureau here in 1921. Forbes located the district headquarters in Cincinnati after Reynolds showed location here would save thousands of dollars annually, it is said. Marriage Licenses Harry Plummer, 3t>. 1004 N. New Jar my Margaret Ot*rmeyex, 41. 1004 11. New Jersey. Mr.rvin Phillip*. 28. Princeton, bid.; F.Ui'h Hrvrtnon 25, 1116 N F-nn*ylv,uufl. Russell Williams-. 23, 2074 Hich’and PI.; Anna Lane, 21, 945 W. Twenty-Fifth G. F Snow-ball. 21. 361 E. Moms; Lortna Webb. 18. 449 N. A^ne*. F. tV Oake* 25. 209 Eastern; Helen Thrasher. 19. 2910 Wilcox. H. L. Cox. 19. 14 N Seville; Lula Toliver, 19 3736 E. Twenty-Kipblh. W F Hatiion. 63. 470 S. Meridian: Jemima Johnston. 61. 470 S. Meridian. George Ballard, 20. 409 W. Sixteenth; I.u’a Giaseo. 10, 1013 Northwestern. Geor*, Alexander. 51. 421 tv. Sixteenth Pi.: Sarah Jones. 40. 1308 Yandeg. c F, McC'eaeter. 26 42 N. Pershing; He'en Teepe. 24. 25 N. Traub. C. H Wheeler. 51. 708 W. Sixteenth; Bettie Ga’ther 46 835 W. Eleventh. Walter standeford, 21. 314 S. Warinan; Ida Patton. 18. 314 S. Warman. Charle? Harmoning.* 47. 1406 E. Kelly: Amelia Penk 48. Lafayette, Ind.

Births Boy* H?rold and Marjorie Arndt. 13 S. Bradley. Robert and Dorothy Hand. 1152 W. Twen-ty-Seventh. Herahe. and Irene Hayes. 708 W. TwentyFourth. Hubert and Luella Corns, 903 Coffey. Virgil and Geneva Ca*h 1010% River. Jacob and Katherine R filer. 2311 Hoyt. Otis and Parthena Jones. 1133 Tecumaeh. Lyniond and Harel Osting. 1348 Bwlng. Orville and Clara Peasley. 1056 N. King C.lfford and Mamie Adam*, 459 Concord. Waiter and Mary Churchill. 1349 Udell. Girl* Harry and Clara Hdyran, 240 Hendrix PI. John and Tunie Talbott. 3505 K. Walnut. Clarence and Zella Sleet, 460 W. Seventeenth William and Viola Caldwell. 811 Broadand Mary Foy. 1009 N. Capitol. Robert and Ada Wright. 1863 Orleans. Ronald and Lot* Scott, Methodist Hospital. Edgar and June Burden. 653 E. Fifteenth. Deaths Coral May Woodward. 41. Long Hospital, carcinoma. Mary Bauer, 69. 3904 Carrollton, carcinoma. Alice Annabel Steen. 47. 1313 E. Market, chronic myocarditis. Maxine Louisa Kelsey. 14 days. New Jersey and Vermont, ileocolitis. Cora E. Green, 44, 1611 Spaan. Hodgkin’# Edward Brown, 24. 1931 Alvord, lobar pneumonia. John Jarrett, 61, 931 Locke, lobar pneumonia. Building Permits Kmgan & Cos., stokers. Union Stock Yard*, $3,225. and 550 W. Ray, $3,226. Ford Motor Company, stokers, 1315 B. Washington. $1,945. Duncan & Fentrers, dwelling. 3840 Black, $2,000. A L. Washington, addition. 2439 Manlore, S3OO Susan B. Yeaton, garage, 2053 Broadway. S3OO. S. Feldman, garage. 707 N. Alabama. $640. William K. Shipman, double, 328 S. Gray, $3,200. Allan A. Wilkinson Lumber Company, addition. 411 N. Pine, *2OO. Theophtl Hauger, flfarage, 439 N. Sherman. S3OO. Fred Meyer, reroof, 1125 N. L* Salle. $335. Whitney Spiegel, double, 2621 E. Eighteenth. $4,000. C. E. Hammond, garage, 1661 Lawton. $450. Samuel Bingham & Son. building, 631 S. Alabama. *50,000. D. G. Wiley, reroof, 22 W. Twenty-Sev-enth. $237. Thomas H. Ellis, reroof, 27 S. Hawthorne, $220 Sky Rocket Ride, Inc.. Thirtieth and Canal. $25,000 Joe Bledsten, building, 2609 E. Washington. *B,BOO. F. D. Gardner, double, 13 S. Gladstone, $7,500. S D. Sample, dwelling, 11939 English. $4,000

FUND QUOTA FULL BY FRIDAY NOON IS WORKERS’AIM Gambling Money, $18,50, is Given to Aid City's Sick and Needy, Workers were seeking contributions far and wide today in an endeavor to reach the Community Fund quota of $662,889 by Friday noon, when they meet at the Claypool. The present total subscribed is $576,814.42. Earl R- Conder, president of the Church Federation of Indianapolis, induced Sheriff George Snider to turn $18.50 in nickels, confiscated recently in a gambling raid, over to the Community Fund. The H. Lauter Company reported SI,OOO to the special gifts committee today. To date the special gifts division had collected $361,714, G Barret Moxley. chairman, said. Employes of the Indianapolis Cordage Company subscribed $l5O through Charles H. Miller and William Batt, firm fund chairmen. Everyone of the firm’s ninety-two employes contributed. The employes of the following civic, philanthropic and educational institutions have contributed: Central Business College, $29; Indiana Tuberculosis Association. $33; Marion County Tuberculosis Association. sl6; /rt Association of Indianapolis, $157.95: Boys Preparatory School, $180; Indiana Dental College. $140; Indiannpolis Chamber of Commerce employes, contributed $314; Metropolitan School of Music, S2OO.

WOMAN’S RIGHTS GRANTED IN STATE Lawrence Davis Declares Only Few Exceptions Exist. "Today in Indiana there are few exceptions to the rights of married women to enter into any contracts, Lawrence B. Davis, attorney, declared to members of the Indianapolis Association of Credit Men today, noon, at the Claypool. “She cannot mortgage or sell her leal estate except by deed In which her husband shall join,” Davis said. “A married woman has the right t oacquire and hold real or personal property. She may at any time, as If she were unmarried, sell, exchange or dispose of her personal property. The only exception is that she has no right to convey or mortgage her real estate unless her husband join in such contract, conveyance or mortgage. “In Indiana a married woman may bind hersejf personally by contract, and a personal judgment may be rendered and enforced against her as though she were unmarried.” YOUNGSTERS ARRESTED Boys, 10 and 11, Go to Detention Home for Alleged Theft. Two boys, 10 and 11 years old. respectively, were taken to the detention home today charged with delinquency, after they had been arrested cn complaint of Ada Wyrick, 2350 College Ave.. principal of School 33, Twelfth St. and Sterling Ave. They are said to have taken SIOO worth of books and pencils, according to police. At the home of one of the boys it was found the father was in Milwaukee and the mother in a hospital. At the home of the other the Irate parents suggested the boy be taken to the detent! tn home, police said. Nine Fires Cause Damage Nine of eleven fires confined to roofs today caused losses of from $2 to S2O, according to the fire department. A fire In the apartment of J. R. Hodges, over his store at 1137 N. West St., caused SIOO damage. The explosion of a coal oil stove in a garage belonging to Herman Lauder, 612 E. Thirteenth St„ caused about |SO loss, f remn said.

OWENS OENIESANY POLITICS IN VET BOREAUCONTRACT Name of Senator Watson Is Dragged Into U. S. Investigation, Denial that the Continental Chemical Corporation, Watseka, 111*, of which he !• vice president, was given contracts by the Federal Veterans Bureau through political preference was made today by John Owens, Re publican politician and manager for Senator James E. Watson. According to reports from the in vestigation of the veterans’ bureau at Washington, the corporation received a contract for floor wax. According to a Washington dispatch, the name of Senator Watson is dragged into the discussion, although j there is no testimony as yet directly j to relate Watson and the contractContract Was Given Reports made to investigators are : that Owens is connected with the contract because of his connection , with the company. The Continental Chemical Corpora , tion did get a contract from the Vet j erans’ Bureau for $715,000 worth of floorwax. according to the Washing ton dispatch. According to statements made, the wax was to be sold at 87 cents a gallon and the bureau of standards experts have testified they could present a preparation Just as suitable for the purpose and the cost of manufacture would be not more than 1.8 cents a galloninformation concerning this contract has been given to Senators interested in the veterans bureau inquiry. With further information, however, that the Department of Justice is investigating, the Senate i Committee is disposed to let the | matter rest for the present. The statement made to the committee has been that ‘favoritism if not actual collusion and connivance” was indicated by the contract. Anxious to Please There is one story, however, that I the veterans .bureau under Director ! Forbes was more than anxious to please Watson. At that time, WatI son was none too well pleased with the bureau. He had some complaints from Indiana men and women who had worked in the bureau and who had resigned because of conditions. Whether there was a fear that Wat j son would "break loose" or carry his | complaints to the Whitehouso is not known. But the fact is that Watson was regarded with some concern. Then came the contract for floor wax. Invariably when any manufacturer seeks some Government j Favor he seeks it through a Senator | or a member of the House.

KENTUCKY BRIDGE DRAWINGS READY Seven Spans, 960 Feet Long, to Cost $700,000, Plans for the new Kentucky Ave. bridge over White Ric r er are ready for ; preliminary order for construction by the board of works, it was announced today at the city engineer’s office. Action is expected to be withheld until Monday, when John L. Elliott, city engineer, reurns. The plans call for a bridge of seven spans, with a total length of 960 feet from one abutment to the other. Approaches necessary for the bridge will make it more than 1,000 feet long. It will be the largest of any bridge in the city over White River. 000 Total cost will be $700,000 vrith $50,000 additional for approaches. It will be eighty feet wide, the main roadway carrying two car tracks with walks ten feet wide on either side. The engineering department will start work soon on plans for the Oliver Ave. river bridge. According to the flood prevention law, the city pays 45 per cent of the cost of these bridges, the county 45 per cent and [ benefited property owners 1 per cent THIRD MILK BIDS DUE Similarity of Estimates Caused Previous Rejections. For the third time within the past few months bids for milk for free lunches in the public schools will be received by the school board Friday. Almost exact similiarfty of bids caused previous rejections. Bids for engineering features for new buildings at Schools No. 38. Winter and Bloyd Aves.• No. 62, Wal lace and E. Tenth St., and No. 67, 3651 W. Walnut St., will be received also. Bids were rejected recently when they exceeded estimates of the board's engineers. HOW ABOUT A COCOANUT? Fleeing Monk Foils Police Force; 1 Acrobat Is Sought. There is an opening for some am bitious young vaudeville acrobat at the Indianapolis police department. Police chased a monkey over housetops and across fences for ten blocks Wedhesday. Mr. Monk wa3 still at large when the chase ended. Today another call from the vicinity of Seventeenth St. and Park Ave. caused police to renew the chase. “If they want that monkey caught they will have to get a troup of , robots,” Capt. John White declared today. Noted Tree Surgeon Dead By United Press KENT, Ohio, Nov. B.—John Davey. 70. father of Congressman Martin I* Davey and founder of the Davey Tree Surgery Company, died today Davey had been suffering from adute Indignation.

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