Indianapolis Times, Volume 35, Number 177, Indianapolis, Marion County, 7 December 1923 — Page 18

18

PROFIT-TAKING IS EASILY ABSORBED BY GENERAL LIST Coofidge Message Proclaimed Masterpiece of Statesmanship, The WALL STREET JOURNAL NEW YORK, Dec. 7. —Opportunity was given over-night for a wider dissemination 'of Coolidge's message, which was everywhere proclaimed as a masterpiece of constructive, statesmanship. Stocks continued to show a strong undertone in the early dealings today, although considerable profit-taking had to be absorbed by some of the leaders. Special selling broke out in the Pan-American issues, reflecting the revolutionary disturbances In Mexico. First Hour Further realizing in Baldwin, Steel, American Can and other leaders w.ts readily absorbed In the first hour, proving no detriment to operations for rise in a broad group of industrials May Stores advanced* to around the best levels of the year in response to record current business which furnished a good background for the resumption of the present $5 dividend rate. Other -stocks which displayed marked strc ngth were Schulte, To bacco Products, Dupont and Davison in the industrials, and Reading, B. & 0., and M. K. & T. among the rads. Second Hour Motor stocks were the outstanding features of a generally buoyant market around noon. Studebaker reached anew high on the movement at 106 and Overland- preferred at 74, while Maxwell "A” showed practically a 5-point recovery from its recent low. One has only to analyze the statistics of the auto Chamber of Commerce for an explanation of strength of certain motor stocks. The November output of vehicles was 325,130, anew high record for that month, and 37 per cent ahead of November, 1922. Noon Hour Tobacco Products was. one of the outstanding features in noon dealings, selling at the highest price since the new common was issued, following absorption of United Retail Stores. At the same time Schulte Retail went to anew high. Strength In these two issues coupled with the fact that the Schulte interests will announce the formation of anew company within the next few days tended to confirm the Street's belief that important developments involving these two companies were pend ing. Fourth Hour. Trading slackened perceptibly In '.he early afternoon, the volume of dealings falling considerably below the rate maintained in the morning dealings. But no weakness developed In ’ the general list and forward movements continued in special groups. Floor reports had it that New York Central was being groomed to head a further upswing among the rails and the stock responded by reaching new high ground on the movement at 106>4, while Fisher Body jumped 7 points to 167. Twenty active industrial stocks on Thursday averaged 92.94, up .13 per cent. Twenty active rails averaged 32.40, up .60 per cent. Local Bank Clearings Indianapolis bank clearings Friday were $3,264,000. Bank debits were $5*756,000.

SCHWAB SOUNDS OPTIMISTIC NOIE DNI924BUSINESS Bethlehem Steel Head Declares Nation Is Economically Sound, Copyright, 1923, by United Press Associations. NEW YORK, Dec. 7.—" The eyes of the bsuin?ss men are on Washington at the present time, for business conditions during the next year will depend to a considerable extent on what Congress does or does not do,” Charles M. Schwab, head of the Bethlehem Steel Corporation declared to day in a statement telegraphed to the United Press. Schwab sent his wire in response o a request for his opinion on the rend of business during the new year. While putting much stress on importance of congressional action, the Bethlehem chairman stated his corporation Is going ahead on the assumption next year’ business will warrant enlarged facilities at the corporation's steel plants. Favors Mellon Program His telegram continued: "Among tha first things it (Congress) ould do to help business would be to carry out the proposal of Secretary Mellon for a tax reduction. Such an act would not only be an aid to busiIfess but would help everybody. Another thing Congress could do would lie to modify our immigration laws along Intelllgamt lines, so the test for dmission into the country shall not be quantity but quality. “Congress should not enact laws that will still further restrict legitimate business enterprise. The railroads should be allowed an oppor- ’ unity to show what they can do under existing laws. Country Is Sound "The primary requisite for good •usiness Is a sound underlying foundation and I am convinced the eounv enjoys this condition at the pres •nt time. The country is neither delated or inflated economically. "At Bethlehem we are so eoninced business will continue to be good we are enlarging our facilities to take care of increased business. (Signed) "C. M. SCHWAB.” *

New York Stocks (By Thomson 4 McKinnon) —Dec. 7

Railroads— 12:46 Prev. High. Low. p. m. close. Atchison 98 *■ .. . 98 98 B & 0 60% 69% 00 60 C A 0 72 % 72 72 74% C. R 4 P. . . 25 ... 24% 24% ■Erie Ist pfd. 30% 29% 30% 30% Gt North pfd. 58% 58% 58% 58% N Y Central.los% 104% 106% 104% Nor Pacific. . 60% 55% 56 55% P-Marquette.. 42% ... 42% 42% i Pennsylvania. 43 ... 42% 42% ' Reading 80% 79% 79% 79% Sou Railway. 38% 38% 38% 38% Sou Pacific . 89% 88% 89 89% St. Paul pfd. 26% 25% 25% 28% U Pacific 131% 130% 130% 130% Wabash pfd.. 36% 35% 36% 35% Rubbers Telly-Spr 31% . . 31% 3?% ,U S Rubber.. 38% ... 37% 38% Equipment*— ; Am Stl Fdy.. 38% 38% 38% 38% Am Locomo.. 74% 73% 73% 73% I Baldwin Loo. 125% 124% 125 125% Gen Electric.lß4% 183% 183% 183 Lima Looomo 66 % 65 66 % 65 % Pullman ....122% ... 122% 122% Westingh El. 59% 59% 59% 69% Steels— Bthiehem. ~ . 53% 52% 52% 52% Crucible 67% 66 % 67 66 % Gulf States. . 80 % 79 % 80 % 80 Rep. I. 4 S.. 48% 48% 49 0. 8. Steel.. 94 % 94 % 94 % 94 % Minings— Gt. N. Ore. .32 % .... 32 % 32 % Int. Nickel. 12% 12 12 12% Coppers— Am. Smelting 59 % .... 59 58 % Anaconda ... 38 % .... 38 % 38 Kennecott ... 34 % 34 % 35 % Motors— Am. B. Mag. 34% 34% 34% ChantThr M... 63 61% 61% 61% Gen. Motors. 14% 13% 14% 13% Max. M. “A” 48% 45% 48% 45% Max. M. 13% 12% 13% 12%

WHEAT IS WEAKER IN EARLY TRADE Corn and Oats Show Strength —Lard Higher, By United Financial CHICAGO, Dec. 7.—Wheat smarted weak on the Chicago Board of Trade today while corn and oats showed some strength. Local buying developed in wheat, following an unchanged opening. This buying was induced by the raising of the estimate of export business worked over night to 500.000 bushels and strength in corn. Traders continued to assume the waiting attitude that has featured the market the past few days. Working of corn for export Thurs-' day caused locals to give the market good support at the outset and prices advanced fractionally. The disposition of the country to hold supplies, better feeding demand and reports of damage by recent rains in the central also were Influencing factors. Oats started out st-ong, in sympathy with corn and the realization of traders that farm consumption is cutting a noticeable dent in stocks and as result a serious situation may develop before spring. Despite lower hogs lard opened higher with better foreign demand. Otherwise the provision market was unchanged. Chicago Grain Table At 11:45—Dec. 7 WHEAT— Prev. Open. High. Low. Close close two . 1.04% 1.05 1.04% 1.05 1.04% May.. 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% July 1.08% 1.08% 1.08% 108% 108% CORN— Dec... .74% .74% .74% .74% .74 .74% May.. .75% .75% .75 .76% .74% .75 July. .75% .76% .75% .76 .75% OATS— Dec... .43% .43% 43% .43% .43% May.. .46% 46% .46 46% .45% 46 July. .44% 44% .44% .44% .44% CHICAGO. Dec 7. —Primary receipts: Wheat 983.000 against 1.345.000: corn. 1,180.000 against 1.101.000 oats, 720 000 against 750.000 Shipments—Wheat. 492 - 000 against 1.214.000: com. 538.000 against 530.000; oats. 611 000 against 663.000. CHICAGO, Dec. 7. —Car lot receipts: Wheat. 14. com. 124: oats. 73: rye. 8. Local Wagon Wheat Local mills and elevators are paying $1 for No. 2 red wheat. CURBSTOCKSSTRONG IN INITIAL DEALINGS All Ulassea of Stocks Join in Early Recovery. By United Financial NEW YORK, Dec. 7.—Curb market was active during the early dealings today with all classes of stocks strong and fair initoal gains wera scored. Nipissing Mines made anew 1923 high at 6%. Profit-Sharing rose to 7; Continental Rubber to 3*4; Wrigley new to 39% and Swift International to 18. Cities Service preferred opetned 67%; S. O. Indiana, 57%; Reading Coal"*Rites, 22%, up *4; Wrigley, 39; Imperial Oil of Canada, 107%, off %; Reading Coal, 60, up %; International Petroleum, 16%, up %; Gillette, 257, up %.

Produce Markets

INDIANAPOLIS. Dee. 7.—Fresh eggs, loss off. 6e packlnp storir butter. 28c: springs, over 2 ibs 18c: fowls, 4% lbs up. 21o: fowls, under 4% lbs.. 16c: Leghorn poultry. 25 per cent discount: cocks. 10c: young tom turkevs 12 lbs up, 28c; young hen turkeys. 8 lbs. up. 28c: old tom turkeys. 23c- ducks. 4 lbs. up. 17c: geese, 10 lbs. up, 17c young geese. 6 lbs. up. 15c: squabs. 11 lbs. to the do*.. $5: young guineas, 1% lbs. 4o doz.. $7: old guineas, doz., $5: rabbl*s drawn. No 1 doz. $3. Indianapolis creameries are paying 54c per lb. for butter fat. CHICAGO, Dee. 7. —Butter Receipts, 7.957; creamery extra, 53c: standards, 50c; firsts, 45%®47%c: seconds. 42% 043%c. Kgus —Receipts 2.527; ordinary firsts. 40 0 45c; firsts, 48®52c. Cheese —Twins, 23c; young Americans. 26c. Poultry—Receipts. 9 ears: fowls. 17 0 21c: ducks, 18c: geese. 18c: springs, 18 %c: turkeys. 22c; roosters. 12%0. Potatoes—Receipts, 493 cars. Quotations. Wisconsin round whites. $1 ® 1.10: bulk fancy, $1.3001.40: Minnesota and North Dakota IT. S. No. 1. 90c® $1; Idaho russets, $1.8501.90; Idaho russets No. 2. $1.25. Tank Wagon Prices (Gasoline prices quoted do not include State tax ol 2c a gallon.) GASOLINE—Energee. 12.2 c a gallon: Purol, 12.2 c; Red Crown, 12.2 c; Target 12.2 c Silver Flash, 16c: Standolnid aviation. 10.08 c. KEROSENE—Cryst aline. 10.75 c; Moore Light. 15c; Perfection. 10.75 c. NAPTHA —Lion Power cleaners. 26.1c’ V M. & P„ 22.1 c; Standolind cleaners. 22.1 c. Dressed Beef Prices Wholesale selling prices on dressed bee f Swift * Cos.: Ribs—No. 2. 30c; No. 1. 17c Loins—No. 2. 25c: No. 3.18 c. Rounds— No. 2. 20c; No. 8, 150, Chucks—No. 2, 13c; No. 8,10 c. Plats--No. 2,8 c: No. 3. 7c^

12:46 ’•'Prev. High. Low p. m close. M. Motors... 89% 88% 89% 88% Studebaker .105% 104% 105% 105% Stromherg . 85 % 85 85 % 85 % Stewart-War.. 89 % 89 88 % Timken 38% 38 38% Oils— Cal. Petrol/. 23 22% 22% Coaden 32% 31% 32% 31% Houston Oil. 62 61 61 01% Marland Oil. 32 31 % 31% 31% Pan-Am. Pete 61% 59% 00% 01 Pan-Am. P. B. 68% 67 67% 68% Pro. 4 Ref . 26% 26% 26% 28% Pure OU 20 19% 19% 20 Stand O. of C. 56 % 65 % 66 % 55 % Stand O of NJ3S % 35% 35% 35% Sinclair .... 23 % 23 % 23 % 22 % Texas Cos. ..41% 41% 41% 42% Industrials— Allied Chera.. 60% 66% 66% Am. Can . . 104 102% 102% 103% Am. Woolen. 74% .... 74% 74% Coca C01a... 76 75 % 75 % Comp. 4 T.. 84% .... 84% 84% Cont. Can... 50% 50 50% 50% Davison Chem 71 69 69% 70% Fam. Players 71% 70% 70% 71% Inter. Harv.. 77% .... 77% . . . . May Stores. 80% 85% 85 % ”5% Mont. 4 Ward 25 .... 24% 25 Sears-Roe. . . 84 % .... 84 84 % 0. S. C. I. P. 56% 55% 56% 55% TJ. S. In. Al.. 62% 61% 61% 61% Utilities — Con. Gas.... 59 58% 58% 60% Colubia Gas 34% 34 33% Shipping— Am. In. Corn. 25% .... 24% 25% In. M. M. pfd 32% 31 31% 32% Foods— Am. Sugar. . . 56 .... 55% 56% Corn Prod.. 135 134% 135 135% C. C. Sg. pfd 54% 53% 53% 53% C.-Am. Sugar 31% 31% 31 Punta Alegre 53 % 63 % 53 % 53 % —Tobaccos— Am. T0b.... 147% 147% 147 Tob. P. (B) 75 72% 73% 71%

Indianapolis Stocks —Dec. 7 American Central Life 200 American Creosoting Cos pfd. 97 % ... Belt Railway com 70 73 Belt Railway pfd 52% ... Century Building Cos pfd .... 98 ... Citeis Service com 135% 137% Cities Service pfd 66 69 Citizens Ga# Cos com 27 % 29 Citizens Qua Cos pfd 99 % 102 Indiana Hotel com 100 Indiana Hotel pfd 100 Indiana National Life 8 ... Indiana Pipe Lins pfd 82% 85% Indiana Title Guaranty Cos .. 75 ... Indianapolis Abattoir pfd 60 Xndianapoli i Gaa 50 53 % Indpls 4 Northwestern pfd... 36 43 Indpls 4 Southeastern pfd .... 50 Indianapolis St Ry 42 62 Indianapolis Telephone Com.. 1 ... Indianapolis Telephone pld .. 90 ... Merchants Pub Util Cos pfd. ..82 ... National Motor Car Cos 1 Public Savings Ins Cos 12 ... Rauh Fertilizer pfd 50 ... Standard Oil of Indiana .... 58 60 Sterling Fire Ins Cos 9 ... T H I 4 E com 1% 6 T H I 4 E pfd 8 15 T H TV and Lt 82 92 Union Trac of Ind com 3 Union Trac of Ind Ist pfd... 11 21 Union Trac of Ind 2d pfd... 4 7% Van Camp Prod Ist pfd 99 Van Cr-rap Prod 2d pfd 99 Vandalia Coal com 1 4 Vandaila Coal Cos pfd 7 12 Wabash Ry Cos com 11 13 Wabash Ky Cos pfd 35 38 Bonds Belt Ry 4 S 80 Broad Ripple 5s 66 Citizens Gas 6 85 87 % Citizens Gas 7s 99% 102% Citizen. St R R 5s 80 84 Ind Coke and Gas 6s 89 92 Ind Hotel 5i 92 % ... Ind Hotel Cos 2d 8s 99 % ... Ind Northern 5s 25 ... Ind Ry and Lt 5s 90 93 % Ind U Trac 5s 30 Indpls Abattoir Cos 7%s ... 96 102 Indpls Col 4 South 6s 96 100 Indpls Gas 5s 84% 88% Indpls Lt and lit 5s 94 05 % Indpls 4 Martinsville 5s 60 Indpls North 5s 47 48 Indp's 4 Northwestern 5s ... 48 47 Indpls 4 Southeastern 5s 40 Indpls Shelbyville ? S E 6s 50 Indpls St Ry 4s 83 66 Indpls Trac and Term 5s ... 85 88 Indpls Un Ry 4s 03 ... Indpls Un Ry 4%s 95 ... Indpls Water 4%s 85 87% Indpls Water 5%s 94% 96 So Ind Power 6s 105 ... T H I 4 E 6s till 68 Un Trac of Ind 6s 63 67 % Marriage Licenses J E. Griner, 21. 40 8. State. Olga Cox. 22. 605 Market. Alfred McCreary. 37. 2443 Pierson: Lillie .Cunningham. 31. 325 Onkland. Frank Jones. 73. 105 Bloomington: Dellab Hall. 68. 2029 Bluff Bennie Barriok 22. Zionsville, Ind.: Helen Calloway, 22. 828 Riley. C. R. Patterson. 45. 310 W. New York; Jennie Dyer. 45. 310 W. New York C A Hebble. 35 1617 W New York Bertha Wright. 35. 1741 N. Illinois E. J. Jenson. 20. 2106 S. Delaware: lola Chance, 31. 2422 Bellefontaine. David Wells, 22. 618 Agnes; Emma Moore, .’2. 614 Agnes. Vemer Leckie, 31. --Chicago: Marian Stoner. 23, 2926 College. Births Girls Glenn and Allee Anderson. 1657 Holliday. Burgess and Grace Wlllsuma. 815 N. Keystone Richard and Elma Collier, 418 N. Bradley. Fred and Grace Wagner. 1116 Kentucky. Wl’tiam and Geneva Boltlugkouse. 016 Virvinia. Ja sand Emma Farrand 805 S. Birch. Clarence and Hazel Kirk, Bt. Vincent Hospital. Bernard and Cordelia Keller, corner Prospect and High. Cecil and Marie Bedwell ,1124 W. New York. Boys Grant and Carrie Hosselot, 3526 Garden. Tilmon and Grace Farrow. 1339 S. East. Charlie and Dollie Roberts. 839 Lord. Oliver and Christell Craft, 706 N. Alabama. Joseph and Martha Asberry. 355 9. Audubon Rd. Deaths Lucinda Stoats. 66 Central Indiana Hospital, chronic myocarditis. Elsie Naoma Anderson, 26, city hospital, acute nephritis. Clara Austermlller. 63, 933 High, endocarditis. Everett E. Hodgln. 63. 2845 College, acute cardiac dilatation. Infant Terry. 1 hour. 1840 Roosevelt, premature birth. Infant T y- 55 minutes, 1840 Roosevelt, premature birth. Annie M. i oung, 1, 315 E. Henry, diphtheria. Ellen Ryan. 54. 559 N. Oakland, chronic myocarditis. Helen Borhis. 1 month, 1648 Garfield Pi., broncho pneumonia. Walter H. Paach, 24. 244 lowa, general peritonitis. Bartlett Finley. 85. 541 N. California, cerebral hemorrhage. Building Permits Lase McKee, storeroom. 4024 E. Washington. $7,000. John E. Hurley, repair, furnace, 1114 Congress, S2OO. J. J. Good, dwelling, 4210 Otterbein, $5,500. J. J. Good, furnace. 4210 Otterbein, $225. T. J. Simms, garage. 6?8 N. Euclid. S3OO. Standard Oil Company, station, Oliver and River. $2,800. F. F McClary, dwelling, 5218 Broadway, $4,000. F. F. McClary, furnace, 6218 Broadway, $250. % Huff Bulck Sales Company, sign, 363 N. Pennsylvania. $875. John B Moynahan. addition. 2445 E. Washington, S2OO. Lyman H. Thompson, addition, 907 N. Capitol. S3OO. Ussie Durham, dweling, 2531 Paris, $2,000. George Bark, furnace. 1620 Orange. S4OO. George Bark, double. 1620 Orange, $7,600. TROUBLES ARE DISCUSSED Mrs. Mattie Swagert, Theodore Home, 3213 N. Illinois St., conferred today with Claude N. Worley, Criminal Court investigator, upon the possibility of filing bigamy charges against her husband, Lauren Swagert. Swagert disappeared with Miss Marjorie Lane, Franklin, Ind., after ho married her under the name of Robert Johnson, according to reports from Franklin. Mrs. Swagert told Worley she married Swagert in Hattiesburg, Miss, four years ago. Worley said wife and child desertion charges may be placed against Swagert. Mrs. Swa gert said she intended returning with her 2-year-old baby to Ler former home in Hattiesburg immediately.

THE INDIANAPOLIS TIMES

HOG PRICES SAD BELOWI7 MARK Heavy Receipts Again Responsible for Sharp Break, Dec. 260-300 lbs. 200-225 lbs. 150-180 lbs. 1. WS5$ 7.50 7.154® 7.30 7.004® 7.15 8. 7.304® 7.40 7.154® 7.25 7.004® 7.10 4. 7.40® 7.50 7.25 4® 7.35 7.10® 7.25 5. 7.30® 7.40 7.20® 7.33 7.10® 7.25 6. 7.154® 7.25 7.00 4® 7.10 7.00® 7.05 7. 6.90® 7.00 6.80® 6.90 6.75® 6.85 Excessive receipts again today accounted for another sharp break In hog prices in trading at the local livestock market. Altogether 24,000 hogs were offered for sale, inclusive of Thursday's holdovers numbering 3,798. This number has only been reached once before this year. News from Eastern marketing centers told of heavy runs and' prices sagged from the opening, having dropped generally 15 to 25 cents with the average cost of most good droves showing a loss of 20 cents. The top was lowered a flat quarter to $7, while lights sold up from $6.75, as compared with $7 on Thursday. The prevailing price lor lights, however, was $6.80, while most heavies sold at $7.90 and medium and mixed from $6.80 to $6.80 at which the bulk of sales was made. Pigs were a full quarter lower at $6.25 down while sows were week at $6 down, selling generally around $5.75. Both shippers and local killers were active but their activity was not of a pro portion, receipts considered, to bolster the market. Prevailing prices for the day showed a loss of 25 to 40 cents since Monday. A fair amount of activity was noticeable in the cattle market in which prices for steers and good cows were fully steady. Heifers, however, are declared by many traders as practically unsaleable as a large carryover Is overhanging the market. Recelpis, 1,200. A slight weakness was noticeable in the calf market, though choice veals continued to command a top of $13.50 and the bulk $12.50 to sl3. Receipts, 800. Trading in the sheep and lamb market was quiet with prices steady. Lambs sold down from sl2 and sheep down from $6.

—Hog*— Choice lights $ 6,75® 680 Light mixed 6.80® 6 8-> Medium mixed 6 80® 6-90 Heavyweights 6.90® i .00 Bulk of sales 7.00 Pigs 6.754® 6.25 Packing sows 5.50® 6.00 —Cattle— Few choice steers slo.oo® 11. Prime corn-led 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 ehoioe steer*. 1.000 to 1.200 lbs 7.50® 8.00 Good to choice steers. 1.000 to _ 1,700 lbs 6.000 7.50 Common to medium steers. 800 to 1,000 lbs 5.00® 7.00 —Cows and Heifer*— Choice to light heifer* 9 9 004® 1Q 00 Good heavyweight* 7.25® w-0(‘ Medium heifer* 6 oJ>® Z•S\* Common cows 9.000 JJ.U'J Fatr cow’s 0.60® 7.50 Cutters 2-75® 32.. Canner* 2.25® 3.,.> —Bull*— _ Fancy butcher bulk * 5 2 22 Good to choice butcher bull*. 6 00® 550 Bologna bull* ■ 4 60® 0.00 —Calve*—■ Choice veal* Good veals . I S'n2 Lightweight vc*!s 7.50® 8.00 Lightweight vael* 7.r>o® $•?*! Common veals 7oo® 7 oO Common heavies ,292® 700 Top 13.50 —Sheep and lamb, Extra choice lambs SIO.OOOI ...O' 1 Heavy lamb# no Cull lambs 6 00® TOO <&% 10 .. holc *. ewt *: loo® Too Other Livestock CHICAGO. Dec 7.—Hogs—Receipts. 56.000: market steady; top. $7.16: bulk. $6 70 07: heavywedght, $8.900 7.15: medium. $8.80©7.10; lights, $6.4606.95: light lights. $6 0 0.50: heavy packing, smooth. $6.5006.75: packing sows, rough, $6.36® 0.50: killing pigs. $5.5006.25. Cattle Receipts. 5,000: active: all classes strong spots higher: killing quality plain; bulk steers of short fed kind of value to sell at $725 010: (ew loads. SIOOIO 75; year lings, especially light kinds, scarce; mixed steers and heifers averaging 925 pounds, sll 011.26 to outsiders; several loads warmed' up Canadian steers to killers, $7 40; beef heifers largsty $5.7507.25: some relatively short fed yearling kinds $8.50®9; bulls of bologna type $4.40®4.75; fat vealers to outsiders $10.50011: few above latter kind: light and handyweight vealers to packers. $9 0 9.50. Sheep—Receipts. 1 -.- 0O0: active: fat lambs strong. 15c higher; others and sheep steady; good to choice fat lambs, $12.75® 1325: some held higher: good to choice clipped lambs. $11.75; medium to handyweight fat ewes, $6.50®7: medium to good feeding lambs. sl2. EAST BUFFALO. Dec 7.—Cattle—Receipts. 625; market, falryl active, steady: shipping steers. $9.60 012: butcher grades, $7.5009: cows. $1.5008. Calves —Receipts. 1,300, market, active, steady: culls to choice, $3.60 013.50. Sheep and lamb*— Receipts, 8.000; market, active, lambs 15c higher, sheep steady choice lambs, sl3 44 13.50: culls to choice. $8012.60; vearlnrs, $7010: sheep s3®B. Hogs—Receipts. 12.800: market, active steady: yorker*. $?.20 7.50: pig*. $70725: mixed, $7.50; heavies, $7 60: roughs, $5.5006 stags, $3.50®4.50 EAST ST LOUIS. Dec. 7.—Cattle—Receipts. 1,500: market, slow, mostly. 10® lotlower: native beef steers, [email protected] yearlings and heifers, $lO up; cows, $3.75 06: cannerg and cutters. $22503.25; calves. slo® 10.60; stockers and feedrg. $4 25 05.50. Hogs—Receipts, 20.000 market slow, 10®15c lower: heavy, $6.75® 6.95; medium. $6.7006.95; lights, ’sß2s® 6.85; light lights, $5.75 0 0.70: packing gows. $6 06.40; pigs $5.5006.25; bulk, $5.50 ® 6.90. Sheep—Receipts. 500; market. strong to 16c higher: e\ res, $3.50® 0.50 eanners and cutters. $lO 3.50: Wool lamb*. $10.75 0 13. PITTSBURGH, Deo 7.—Cattle—Receipts light market steady; choice, $8 H 59.50: good, SB2 5 0 8.75: fair. so@7: veal calves, sl3 ® 13.50. Sheep and lambs—Receipts light, market steady; prime wethers, $7.5007.75; good, $70726; fair mixed. $5 6000.50; lambs, $10013.50 Hogs—Receipts. 70 double decks; market lower; prime heavy, $7 20® 7.25: mediums, $7 2007.25; heavy yorkers, s72o® 725: light yorlters. $6.75® 6.85; pigs, $6 06.60; roughs. $5.500 8; stags. $3.5004. KANSAS CITY, Dec. 7.-—Cattle—Receipts. 1.000; calves 300; all classes generally steady: net enough here to test values. H -gs—Receipts 12.000; market dull: a few 210-230-pound butchers to traders at $6.70, or steady to 5o lower; generally acting steady; classes, packers packing 10c to 15c lower, packing sows mostly SO2 0 0 8.35. Sheep—Receipts, 600; no early notbcholca offered. CINCINNATI. Dec. 7.—Cattle—Receipts. 850; market, steady to shade lower; shippers, 7.5009.50, Calves —Market, weak to 50c lower; extras, $10.50 012.50. Hogs— Receipts. 1.800: market, 15c lower: good to choice packers, $7.10. Sheep—Receipts, 375: market, steady; extras. $406.60. Lambs—Market, steady: fair to good. $12.50 0 12.75. Partlow Appeal Dismissed Supreme Court today dismlesed the appeal of John L. Partlow, convicted In Marion County Nov. 20, 1919, of receiving- stolen goods. Partlow was fined and received an indeterminate prison sentence. Hoosier Veteran Succumbs By Times Special DANVILLE, Ind., Dec. 7.—William N. Shaw, 61, a veteran of the SpanlshAmerlcan War and a former resident of Indianapolis died at the hospital of the National Soldiers Home here Thursday afternoon. He was born at Hopeville, Ind. Cloverseed Market Local dealers are paying $7.50010 a busnei io rcioverseed.

Your Dollar Uncle Sam Tells Who Gets It,

fb ED COVERINGS / 67 if Cenfs> \ I io\\ naffer- —CerrT£> II /^^-^LaboH u. tala /Cervca / Profit" Sk j \ Overhead // / /nc/oe/mg A' / "TaKes^v copy Atom At) 9 couch, wash . O C SHE savage can curl up in the long grass and sleep .without worry as to the expense. The civilized man is taxed for the luxury of creeping under thick, warm blankets. The man who made the blankets or comforts on your bed paid 67 cen.s for the wool, silk or down that is in them for every dollar he receives for his product, according to data collected by the United States Government. Ten centc out of the dollar he paid out in wages. Thus he had left, 23 cents for his profit and overhead, including taxes. A 10 per cent increase in materials would thus add 6.7 cents to each dollar which the manufacturer must charge for his product. A 10 per cent wage Increase would add It cent. NEXT—Nalls. Alleged Shoplifter Hold Miss Inez Taylor. 19, 822 E. Fifteenth St., was arrested by QuigleyHighland detectives today charged with taking merchandise valued at $33 from a downtown store., Merchandise valued at SSO was found In her home, police said. Charges were denied on Miss Taylor’s behalf.

You Can Always Do Better Here!

Pre-Inventory Sale TIRES and TUBES Save on such high-grade tires as DIAMONDS, HOW E, MASONS, CUPPLES and UNITED STATES Royal Cords. Here ere examples of the savings—larger sizes priced in proportion: 30x3V2 Double Diamond $7.25 30x3V 2 U. S. Royal Cord $ll.OO and $12.50 32x4 Mason Cord $17.95

Special Friday and Saturday Central States e Fabrics 30x3 SO.OO 30x31/2 $0.75

Manifold Heaters Easy to Install. Cannot get out of order. Give lots of clean, odorless heat. Fords — 81.25, 82.75 Chovrolets—--82.40, 85.90 Overland 84.50 Dodge . 84.50 Studebaker El M 86.50

We carry covers for the following and other cars In stock. We can furnish covers for any make of car at a saving— Fords, 1924, 82.75 Chevrolet. 84.00. and 83.25. Overland 4. 84.25. Oakland. Oldsmobile. Fords. 1924. 83.20 Studebaker. Light and 83.50. S j x . Nash Six. Buick 4. 84.25. etc -> 86-30-

GUARANTEE

Next Do®*- to Hotel Severin

211-213 South Illinois St.

SHAW IS INDICTED IN MURDER CASE (Continued From Page 1) one diamond ring' of the value of SIOO and so the grand jurors do charge, upon their oath, that the said John 8-haw did kill and murder the said Helen Hager 'Whelchel -while engaged in the perpetration of the crime of robbery.” Witness Bonds $5,000 Five colored men who have beer, held in jail as witnesses w'ere ordered released in case they gave bond of $5,000 each. They are Moses Box. James Kelly, 541 N. California St.; Richard Garnett, 401 W. Pratt St., John Johnson, 835 W. Pratt St., arid Jerry Sykes. 818 N. West St. Cora Lee Smith, colored, 437 Bngnt St., was ordered held under sl,ooo bond, fixed by Judge Collins. Mrs. Smith, who said she w r as separated from her husband, was taken into custody Dec. 2, when she told pol.ee Shaw had given her a ring l as that of Mrs. Whelchel. Matthew Dickerson, colored, ana Eud Garnett, colored, were released on their own recognizance. They had been held as witnesses. The others were taken back to jail to await furnishing of bond. Judge Collins said no date had been set for arraignment, but that it would be soon. “Shaw will be returned from Michigan City when I can make arrangements with Sheriff George Snider,” Judge Collins said. Police of Phoenix, Ariz., today telephoned a request that detectives here trace Shaw's movements on Nov. 12. The message stated that Mrs. George Boudreau, 46, was attacked and thrown from a school building, he died. The fact that Mrs. Whelchel was thrown from a bridge attracted attention of the Phoenix police to the lo cal case. Detectives Radamacher and Alien, who took Shaw to the State prison Monday night for safe keeping, were back In Indianapolis today Three days spent in constant qu^s

Heat and Cold Mats for Fords These mat* fit around the lever slots and keep out the cold in winter and the heat In summer. Made of extra heavy rubber material with felt P n( iCAPrice, a set— DUC PANTS for FORDS Keeps the cold out, fits up around the pedals and brak.e A set lOC

Rear View Mirrors The mirror is 2%x7 inches, of high grade beveled glass. All metal parts nickel plated. 7q For open and closad cars. Special luC Universal Joint Rear View Instantly adjustable to any position. First quality beveled plate glass. Brass nickel plate trimmings. For open and closed cars. KSi. $1.35 SSL $1.90

Gifts for Motorists Parking Lights—Flower Vases — 81.50, 82 Garage Vise, with pipe jaw, 3-inch, special price.B4.so Tow Cables — 81.50, 82.85 Back Curtain Lights for Herds, set. .75* 2-Cell Hand Lanterns ...82.50

TIRE AND RUBBER CO.

Just North Os Union Station

tioning of the man found the detectives as far away from obtaining an explanation of the murder as they were the day they began. Shaw was left in solitary confinemant. Inquiry From New York Detective Inspector John Mullln stated that finger prints, pictures and other identifications of Shaw were sent to Greensburg. N. Y.. Thursday night, Aftar a request was received from Deputy Sheriff Ray Hid, who is under the impression that the man who killed Miss Dorothy K. Kauffman, 22, a Mennonite governess. might be traced to Shaw The man who com mitted that crime, according to Hill, was namad John Thomas, a negro vagrant, who stabbed the young woman seven times. The vagrant was in the vicinity foseveral days before the crime. Fin?ser prints of the man who com 'mitted the murder, left on a discarded cracker box are held by the Eastern authorities. v Car Clew Discarded The story told by H E Templeton, conductor or the Danville Interurban line, about * white man who boardjd his car at stop 4. near where the 00115 was found, on the night of the murdei was regarded by detectives as tnrow ing no light on the case. The officers decided the hour the man boarded the car was so soon after Mrs. Whelchel was abducted at lowa and East Sts.; that the murderer could not have had time to get to the point where the body was found. Shaw will be questioned daily by Deputy Warden Walter Daly and Assistant Deputy Harry Claudy at the prison. Shaw was plainly worried over his confinement in the prison and pleaded to be returned to Indianapolis. Teachers’ Rooks Chosen Books for use in local teachers’ institute work in 1924 and 1925 were chosen today by the State teachers’ reading circle board. R. K. Devericks Is secretary of the board, which Is composed of seven members.

RAPP’S CLOSING-OUT SUE Saves You Money on Xmas Gifts OPEN TILL 9:30 SATURDAY NIGHT

Closing Out Ail Women’s Wear

$40.00 Women’* Winter Coat* 829.75 $35.00 Women’* Winter font* 8X0.75 $30.1X1 Women’* Winter Coats 823.75 $27.50 Women's Winter Coat# 819.85 $25.00 Women’* Winter Coats 814.95 $20.00 Women’s Winter Coats 812.95 $36.00 Women’s Fall Ire*se* ........ 823.75 $27.60 Bilk and Woo! Dresses 819.85 $26.00 Silk and Wool Dresses , . 816.75 $20.00 Silk and Wool Dresses 814.95 $15.00 Silk and Wool Dresses 89.98 $7 and $8 New Fail Skirts at > 84.98

. Women’s Furnishings

20c Women’ll Cotton H*M..l2'i<? $1.50 Women’s Silk Hose 98^ SI.OO Women’s Silk Hose 59(* 60c Svomen’* Lisle Hoe 39£ •40c Women’* I,lsle 110w>.,..250 $1.50 Silk and Wool Hom 98(7 SI.OO Wool Sport Hose 69<* 750 Wool Mixed Hose 48<* 76c Women'* Cashmere Hose. 48(7 25c Women’s Fleeced Hose.. 20c Girls’ Cotton Hose,... 12 1, i<7 36c Girls’ Lisle Hose 2oC 73c Women'* Muwlln Chemise 48<* SI.OO Women's Muslin Chemise 69(7 *1.60 Muslin Princes* 51ip5...98(7 $1.50 Dark Sateen Slips 98(7 SI.OO Women’s Sateen Bloomers 69(7 75c Women’s Crepe Gowns ...48 C

Closing Out All Shoes

000 Pairs Women’s Shoe* 81.00 500 Pairs Women’s Shoe* 82.00 300 Pair# Women’s Shoe* 82.50 200 Pairs Girls’ Shoes 82.00 300 Pair* Girl*’ Shoe# 82.50 SO.OO Women's High Shoes 82.98 $7.00 Women’* High Shoes 83.98 SB.OO Women’# High Shoe* 84.48 $3 50 Women’s Fall Oxford* 82.48 $4.50 Women's Fall Oxfords 82.98 $5 Women'* Fall -Oxford* 83.48 $3.50 Growing Girl Oxford* 82.48 54.50 Growing Girl Oxfords 82.98 $3 Women’* Strap Slippers .- 82.29 $4.50 Women's Strap Slipper* 82.98 $5 Women’* Strap Slipper* . 83.69 $2.50 Women's Comfort Slippers 81.79 $3.50 W omen’s Comfort Oxfords 82.48 $5.00 Aunt Polly’s Shoe* 83.48 SO.OO Aunt Polly’s Shoe* 83.98 $3.50 Aunt Polly's Shoe* 85.98 $lO Aunt Polly’s Shoe* 86.48

IClosing Out All Men’s Furnishings

$1.50 Men’s Dress Shirts,9B(7 $2.00 Men’# Dress Shirt* 81.35 $3.00 Men’s Dress Shirts 81.98 $4.00 Men’s Dress Shirt# 82.98 $1.50 Mrn’e Ribbed Union# 81.19 $2.00 Men’s Ribbed I'nions 81.48 $2.00 Heavy Fleeced Unions .... 81.48 $2.50 Men’s Mixed Union# 81.69 $4.60 Men’s Wool Union# .-82.98 $5.50 Men’s W 00l Unions 83.98 SI.OO Men’s Shirts and Drawer* 698 $2.00 Wool Shirts and Drawers 81.48

RAPP’S CUT-PRICE STORE 338-340 East Washington Street

FRIDAY, DEC. 7,1923

Business News

NEW YORK. Doc. 7.—Negotiations which are under way between representatives of banking interes's of several independent mklooctinent oil ccm-ianies was affecting those companies' financial relief because of the hardships worked in recent months by the low- prices for mid-continent crude oil industry may result in the formation of a bigi iew oil combine. Such was the opinion ob-' tained in important petroleum circles. Several plans have been discussed with regard to working out the situation, according to information at hand. The plan which is now reported as receiving main consideration is one whereby anew corporation will be formed which will be a holding company. That company will take over securities of at least two of the large independent mid-continent companies, and possibly of Imp companies or more, on an exchange (f srock basis, to an amount sufficient to give the ho ding corpo v ution control of those companies. DENVER—Negotiations for the absorption of the Continental Oil Company bv the Mutual Oil Company have been discontinued indefinitely because of tho severe illness of E. T. Wi.son, president of Mutual Oil, who is recovering from a major operation. Continuation of negotiations depends upon Mr. Wilson’s recovery, and until that time the negotiations can not be tarried to a conclusion. NEW YORK—The American people, with a total of more than $55,000,000,006 life insurance in force, are more heavily protected than the rest of the world together through anew yearly record during 1923 of $11,710,000,000 paid-in insurance, Edward D. Duffield, president ol the Prudential Insurance Company, said at the opening of the seventeenth annual convention of Associated Life Insurance presidents. This year's production will exceed the record of 1920 by $1,500,000,000 Mr. Duffield said. WASHINGTON—The recent increase in foreign purchases of American securities is looked upon at the treasury as the return to a normal condition existing prior to the war. Secretary Mellon, it was said, considered the foreign buying movement as mainly significant of a gradual return of pre-war conditions. High treasury officials dec’ared that it would be impossible to estimate the volume of foreign buying at present, but asserted that there had always been a good market abroad for American securities. BUFFALO. N. Y.—After inspecting the Lackawanna plant. President Grace of lehern Steel said his corporation is dc4| termined to make its Buffalo unit “the best! in the United States.” About already has oeen spent in expanding and modernizing the Lackawanna plant. Improvements to be completed by next spring will bring total expenditures here to $25,000,000. Employes will be increased from 5,000 to more than 8.000.

$5 and $0 New Fall Skirts •t 83.98 $4 and $4.50 New Fall Skirts at 52.9S $3 and *3.6(1 New Fall Skirt* at 81.98 $4.00 Girls’ All-Wool Skirts 82.98 SIO.OO Girls' Winter Coats >86.98 $6.00 Girls’ Winter Coats ...-84.98 SO.OO Child's Winter Coats 83.98 SO.OO New Fall Bath Robes 83.98 $2.60 Fast Color Klmones 81.69 $4.00 Girls’ Wool Dresses ...<82.98 $5.00 Girls’ Wool Dresses 83.98 $1.60 Gingham and Percale Aprons 98<j $2.60 Girls’ Gingham Dresses 81.48

SI.OO Women’s Fleeced Bloomer* 698 SI.OO Women’* Muslin Gowns. 798 750 Muslin Corset C0ver*....498 75c Women’s Crepe Bloomers.4B(7 SI.OO Women’s Crepe Bloomer* 698 SI.OO Wrnnen's Fall Corsets .698 $1.50 Women’s Fall Corsets..9Bß $3.00 Women’s Fall Corset*.Bl.9B $5.00 Women’* Fall Corsets.B2.9B SI.OO Women’s Fall Cnlons.,6oß $1.50 Women’s Fall Unions. 988 $2.00 Heavy Fleeced Unions 81.48 75c Women's Vests and Pant# ... 488 SI.OO Women’s Vests and Pant* 698 SI.OO Girls’ Fleeced Uni0n5...698 50c Child’s Vests and Fant*..39B

$1.50 Men's Dress Shoes 82.98 $5.00 Men's Dress Shoes 83.48 SO.OO Men’s Dress Shoes 83.98 $7.00 Men's Dress Shoes 84.48 $3.00 Men’s Work Shoes 82.00 $4.00 Men’s Work Shoes 82.48 $4.50 Men’s Work Shoes 82.98 *5.0“ Men's Work shoe# . ..83.48 $6.00 .Men’s Work shoo* 84.48 $3.50 Boys’ Dress Shoe# * 82.48 $4.00 Boys’ Dress Shoe* 82.9S $4.50 Boys’ Army Shoes 82.79 $5.00 Boys’ Army Shoes 83.48 $3.00 Youths' Dre## Shoes 81.98 $4.00 Yonths’ Dress Shoe# .......82.79 $3.50 Youth#’ Army Shoes 82.48 $4.00 Youths’ Army Shoes 82.98 $2.50 Mi*e#' Shoes. 11% to 2 81.48 $3.00 Ml##e#' Shoes, 11% to 2 $1.98 $4.00 Misses’ Shoes, 11% io 2 .82.98 $2.00 Girl#’ Shoe*. to 11 81.48

SI.OO Boys’ Union Suit# 69(7 $1.25 Boy#’ Union Suit# 897 SI.OO Men’s Snmmer Unions 79<7 75c Boys’ Summer Union# .... 487 SI.OO Boys’ Outing Gdwns 79$ SI.OO Boys’ Outing Pajama# ; 79(7 12%c Men’s Colored Hose 8(7 20c Men's Heavy Hose 150 3flc Heavy Wool H05e....25(7 50c Men’s Wool Hose. ...35$ 75c Men’s Wool Hose ....48$ SI.OO Wool Sport Hose ...69$ 85c Men's Lisle Hose ...-25$ 75c Men's Silk Hose 48$ SI.OO Men’s Silk Hose 69$ SI.OO Men’s Wool Scarfs .. 79$ $1.60 Men's Wool Scarfs.9Bs