Indianapolis Times, Volume 35, Number 191, Indianapolis, Marion County, 24 December 1923 — Page 9

MONDAY, DEC. 24, 1923

NATIONAL LEAD IS ! FEATUREOFSTOCK I '■ MABKET DEALINGS Oils Also Show Quiet Strength in Rather Dull Session, The WALL STREET JOURNAL NEW YORK, Dec. 24.—Initial trad- j Ing in the stock market today was j rather dull, with firmness throughout the list and in some cases evidence of strength. Marland Oil sold up to 37 %, anew high record on the recovery. while National Lead made a new top at 139%. Steel common was up % at 95 while Chandler Motors showed strength at 64%, up %. Con- j solidated Gas was one of the active issues, selling to 60%, anew high on the rally, while the rights sold above 2. First Hour There were an unusual number of absentees from the Street, and for this reason trading in the first hour was dull, with stocks generally firm. National Lead featured the list with a burst of strength which put it to a new 1923 high at 142, up 4*4 points from Saturday's close. Expectation H an extra cash or stock disbursement continues. Some oils showed strength in addition to Marland's runup close to 38. Pacific Oil sold above 48, while Standard Oil of California continued firm at 62%. Second Hour Trading broadened somewhat in the second hour and stocks showed strength, including the oils, retail merchandising, the motors, industrials and some miscellaneous shares. Among the active issues were those handling retail trade, responding to the Federal reserve bank survey that business in 1923, with December partly estimated, would break all records. National Department Stores was up nearly a point to its old high of 43%. reflecting the remarkable business this year with sales estimated at $70,000,000 and profits of around $7 a share. Noon Hour Among numerous other stocks showing strength in noon dealings were Corn Products, up 2% at 155%; Davison Chemical, up 2% at 72%, and Chandler Motors, up 1% at 86. Strength in the oils continued. Marland selling above 38 and Sinclair above 26. The oil shares were more active than other classes of securities, much of this reported coming from lax loss buying by short interests. The whole tone of te market was good and senunent was materally helped by the statement from Secretary of Treasury Mellon from Pitts burgh the effect th.it the business flfelook continued good. Fourth Hour Strength continued v. .-11 into ' afterncen with' additional stocks being added to the list of those participating in the upward swing. With the exception of the rails, which were dull, almost, every class of * listed stocks was at higher levels. The oils, which showed the first signs of strength at the opening, continued to lead, followed by such stockg as Corn Products, at new high Studebaker, American Can. Continental Can and Cuba Cane Sugar, No selling pressure appeared in any corner of the list. - Twenty active industrial stocks on •Saturday averaged 93.63, uj> .12 per cent. Twenty active rails averaged 79.67, Off .07 per cent. Local Bank Clearings ln<lian;ujc..i l. ,t • *>arins #fonday were 1 f13.438.000: bank dcHtc were $G.028.000. New York Money Market By United Financial ' NEW YORK, Pec. 24.—Time money 5 per rent bid: o’* per cent offered. Most tradin* at 5 per cent. Commercial paper prime names 444 to 5 per cent. Foreign Exchange Bu United Financial NEW YORK. Dec. 24.—Foreign exchange irregular: Sterling demand. $4.33 % cables. 54.34. Francs, demand. 5.05 e: cables. 5.05 He. Lire, demand. 4.31 He: cables, 4.32 c. Beltrian. demand, 4.52 c: j cables. 4.52‘-e. Marks. 4 trillion to the dollar. Czecho, demand. 2.92 He; cables. 2.93 c. Swiss. demand. 17.42 c; cables. 1 174-#c Guilders, dmiand. 37.87 c: cables. ,37A0-- Pesetas, demand. 12.98 c; cables. ! 13.00 c. Sweden, demand. 26.31 c; cables. Norway, demand. 14.81 c cables. w*-

Produce Markets

INDIANAPOLIS. Dee. 24—Fresh eggs. hiss off. 38o: packing stock butter. 27c: springs over 2 lbs.. 18c: fowls, 4‘ 7 lb. up. 20c fowls under 4*i 'bs. 16c Leghorn poultry, 25 per cent discount: cocks. 10c: stags. 12 tic: capons. 7 lb# up 27c: young tom turkeys, 12 lbs. up. 25c: young hen turkeys. 8 lbs up. 25c: old tom turkeys. 20c: ducks. 4 lbs. up. I2e geese. 10 lbs. up. 17c: suuabs. 11 lbs. to the dor . So: young guineas. IVi lbs to doz. $7; old guinea*, do* . So rabbits, drawn. Np 1. do*.. S3. Indianapolis cTeameries are paying 50c per lb. for butterfat. CHICAGO. Dec. 24.—Butter—Receipts. 8 231. creamery extra, 52 kc standards. fit,p; firsts. 44>i§47 , '4c: seconds. 42 044 c. Kggs—Receipts. 5.082: ordinary firsts. 32 'o 35c: firsts. 40c. Cheese —Twins. 23c: young Americas 25c. Poultry—Receipts, cars: fowls. L3 -W 181, c: ducks. 1814 c: geese. 18c; springs. 18 '-e: turkeys. 24c roosters. 12 tie. Potatoes—Receipts. 552 cars: Wisconsin sacked 95c tp $1 20: Minnesota and North Dakota V. 8 No. 1, and Red River Chios. SI .15. CLEVELAND. p*e 24.—Butter —Extra, in tub lot#. 57 l i ft 59 Sc; extra firsts, 56 *i fat 68Vic: firsts. 55ft57e; packing stock. 32H 033 Vic: standards. 55 vi <5 57 Vic: prints lc extra. Eggs—Fresh gathered northern extra*. 49c: extra firsts. 40c: Ohio firsts. 38c: mstem firsts. 37c. Poultry—Live fat fowls, 2<>o 23c: springers 20(8 21c: Leghorn fowls. 15<® 16c: old roosters. 14515 c: geest, 20 (8 23c: heavy white ducks. 24@25c: light colored ducks. 194r20c: medium fowls.-18 fr- 20c. turkeys, M r ti 33c. Potatoes—Michigan round white. $1.5002: Ohio. 52 ft 2.25: Minnesota white branded. 81.35(81.50 per 150 pounds; New Tork, 52.25(82.75 tier 150 pounds. NEW YORK. Dec. 24.—Flour—Dull and unchanged Pork—Dull. Mess—s26.so '<x 26.50. Lard—Quiet: mid-west spot. $13.35 5LJ.3.45. Sugar—Raw. dull. 7.28 c refined. . granulated BJOc. Coffee—Rio spot, 10 V:: Santos No. 4. 15(815 \c.Ji Tallow —Firm special to extra 7V<a74ieJl Hay—Steady: No. 1. 15-815.50 c: No. 3. $12.50613: clover. sll 504x13 50. Dressed poultry—Unsettled: turkeys. 20i&40c: chickens. 17 045 c capons 25650 c: fowls. 13 6 31c: ducks. *x:ng Island. 18 <5 82c Live poultry —Unsettled: gees*. 22 6 25c: ducks. 156 32c: fowls. 18i 25c: turkeys. 34638 c: rooeter* 14c chickens. 204z78-v broflrs 85640>* capons. 32 6.42. Cheese—-Quiet; state whole milk, common to special. 180 26Vic: state skims lower grades 5614 c. Outer—Quiet: receipts. 4.459: creamery extra. 54 % 6 55c: special market. 55 • 0 56c: state dairy tubs 406 54t(c Eggs—Steady: receipts. 7.608; nearby whites, fancy. 53® 6b nearby state white. 42655 c: western whites. 35653 c: nearby browns. 49 0 54c. Butter—Danish. 53 S 54c: Argon tins. 410 48c Canadian 51055V4C.

New York Stocks ttty rhomoo A McKinnon) —Dec 24

Railroads— At 12 :45 Prev. High. Low. p. in. close. Atchison ... 96 % 96 96 % 95 *4 B A 0 58 Vi 58 58 Vs 58 V* C. A N. W. R. 48 % 47% 48 % C. R & P . 21% 81% 21% Erie Ist pfd 29 % 29 % 29 V* Gt. No. pfd . . 56 55 % 55 % 55 % Mt Pac. pfd 29 28% 20 28% N. Y Cen.. 104 103% 103% 104 No. Pacific.. 52% 515* 51% 52% Pennsylvania. 41 % .... 41 % 41 % Readin* . . . . 76 % . 76 % 76 % So. Railway . 36 % . . . . 36 % 36 % Southern Pac 85 % .... 85 % 85 % St. Paul pfd 21% 21 21% 21% Union f%c.. 127% 126% 126** 126% Rubbers— Kelly-Spg 32% 32 32% 31% U. S. Rubber 37% 36% 37% ... Equipments— Am Loco 73 72% 73 72% Ba’.d Loco. 124% 123% 124% 124 Gen Electric 193 .... 103 Pullman ... 121 120% 121 121 West. Elec... 60% 60% 60% Steels— Bethlehem... 51 % .... 51 % 51 % Crucible 64% 63*4 64 64% Gulf States.. 79% ... 79% 79% U S Steel... 95 % 94 % 95 % 94 % Motors— Am Bosch M 35 % ... ::5 % 36 Chand Mot.. 66% 64% 65% 64% Gen Motors.. 14% 14% 14% 14% Max Mot A.. 48 47% 48 47 Vi Max Mot 8.. 13% 13% 13% 13 Studebaker .105% 105% 105% 105 Vi Timken 38 % ... 38 % Willys-Over. . 10% 10% 10% 10% Oils— Cal Petrol... 25% 24% 25% 24% Cosden 35% 34% 35% 34% Houston Oil 70% 70 70% 69% Pan-A Pete B 60% 60 60% 60 Pro and Ref 31% 30% 31% 30%

GRAINSARELOWER IN INITIAL TRADE December Wheat and Corn Weakness Is Feature. By United Finnnciat CHICAGO, Dec. 24.—-Weakness In December wheat and corn featured a > lower opening on the Chicjago Board of Trade today. Liquidation In the nearby delivery caused weakness while some buying in the later months gave them firmness. The trade paid considerable attention to Secretary Wallace's statement to President Coolidge which advocated diversified farming and institution of $50,000,000 revolving fund to aid farmers over the transitory period. Record receipts of 540 cars, largest i on the new crop, together with better weather, brought realizing in December corn. This condition reflected I slightly on other deliveries but some replacement orders caused firmness. Oats opened unchanged on a dull market. Weakness in other grains was conveyed to this market. Provisions opened sharply higher with hogs and cables. Chicago Grain Table WHEAT — D<C ’ 4 Prev. Oppu. High Low. Close. close. Dee.. 1.01% 1.01% .00% 101% 101% May. 106% 1.06% 105% 100% 106% July 1.0 5% 1.05% 1.04% 1.04% 1.05% CORN— Dee . 60 % 09% 68 L 69% 69% Mae. .73 .73 .72% .72% .73% : July . 73% 74% .73% 73% 74% i ATS—--41% - 41 % 41% 41% 41% 14% 44% 44% 44% 44% 42% .42% .42% 42% .42% Ja ■”.‘*12.13 12.22 12.15 12.22 12.07 ,3138 •Jan;. .. ... .... 9.57 9.60 RYE—- : Dee .. 67 % 67 V* .67 .67 % .67 % ; May.. .73% .73% .73 .73% '.73% •Nominal. CHICAGO, Dec. 24. —Primary receipts: ( "Wheat, 1.360 000 against holiday com. 12.168 000 against holiday: oats 1.208 000 against holiday Shipments—Wheat. 475.090 against holiday; com. 78.000 against holiday: oats. 411.000 against holiday CHICAGO. Dec. 24.—Car lot receipts: Wheat. 24: com. 201: oats. 88: rye. 2. CHICAGO. Dec 24—Wheat—No 3 hed. 51.05: No. 2 hard. $1.03® 1 05%. Com— No. 2 yellow. 71c: No. 3. 68%® 70c: No. 4 65 67c: No 5. 64%'it6j%e No. 0 ! 63c; No. 2 mixed. 70%@70%c: No. 3. 68 ' ft 6,1 c; No 4. 65 %c; No. 5. 64% ® 65c: No. 3 white. 68 %c. Oats—No. 3 white. 42 %® 43c: No 4. 41 %c. Barley—s6® 72c. Rye ! —No. 3. 68 %c. Timothy—s6.so® 8. j Clover—sl2® 21.75. ST LOUIS, Deo 24.—Wheat—No. 2 red. $11.0%; No. 3. $1.08% 1.09: No. f>. 98c a.51 05; No 2 hard. 5104: No. 3. $102; Decembe". $1.03; July. $1.03% Com— No. 2 white. 71 %c; No. 3. 69 %c; December. 71 %c: July. 73 %c. Oats—No. 2 White. 44® 44%. No. 3. 43®43%e: No. 4. 41 %c; December. 42%e.

Grain Briefs

CHICAGO. D<v. 24.—The market probably will more within a narrow range for the balance of the year. Selling Is overdone, traders believe, and on sharp dtps suggest buying on an Investment basis. Hessian fly probably never has been so widespread in distribution and more numerous in Kansas than this year, according to the State department of agriculture. Mild weather and excellent pasturage baa saved millions of bushels of lowa corn which will be thrown onto the market as soon as shipping facilities are obtainable. Prices are expected to sag for some time Weakness is expected to be most pronounced in wheat. Many believe other grains would advance if not held back by that grain. Mild weather throughout the Northwest has has permitted more fall plowing than last year. The trade s getting out of December corn and going into the later months. Local Wagon Wheat Local mills and elevators are paying $1 for No. 2 red wheat.

Business News

PITTSBURGH. Dec. 24. "The business : outlook for 1924 seems most encouraging," ; Andrew W. Mellon, Secretary of the Treas- . ury. declared on his arrival home to spend j the holidays. "It promises to be a good I twelve months for business." he 4aid. "You appear in excellent health," Mellon was told. "Yes. and I feel fine." he said. . smiling broadly The country is facing a year the outlook for which Is better than for any year in a long time.’ Commenting on the income tax reductions. Mellon said it was his understandmg that it was meeting with approval by the majority of citizens. “I hope the reaction over the eountry In support of the recommendation for tax reduction may prove fruitful of favorable action in Congress," he said. "I’m glad to get back to Pittsburgh for the holidays," he said "There’s no place like home ” In the Cotton Market By United Financial NEW YORK, Dec. 24.—The cotton market opened higher: December. 36 30c. up 28 points; March. 35.22 c, up 8 points: May. 35.32 c, up 8 points. Dressed Beef Prices Wholesale selling nrice* on dressed beef. Swift & Cos.: Ribs —No. 2. 30c; No 1 17c. Lotne—No. 2. 25c; No. 3.18 c. Rounds— No. 2. 20c: No. 3.15 c. Chucks—No. 2, 18c; No. 3. 10 c. Plates —No. 2. 8c; No. 3.7 c. Cloverseed Market Local dealers are paying slo® 12 • bushel for cloverseed

, 12:45 Prey High. Low o m close Pure 0i1... 21% 21 21% 20% St Oil of Cal 62% 62% 62% 62 VI St Oil of N J 37 % 37 % 37 % 37 % Sinclair 20 % 25% 26 % 25% Texas Cos 42% 42% 42% 42% Minings— Gt Nor Ore. .28 . 28 27% Int Nickel... 14 13% 14 13% Coppers— Am Smelt... 57% "57% 57% 57% Anaconda . . 36 % 36 36 % 36 Kenneeott . . 33 % ... 33 % 33 % Industrials— Allied Chem . 68 S " .. . 68 % 69 American C. .103% 103 103% 103 Vs Comp A Tab 93 91 % 92% 90% Cont. Can.... 55% 54% 65% 55 Davison Chem 72% 69% 72% 70% Fam Players. 70% 68% 70% 68% Gen Asphalt.. 42%’ 41% 42 41% Mav Stores... 93 91% 93 91% Mont Wai-d . 24 ... 24 23 % Natl Lead. .142 138% 140% 137% Sears-R buck. 87% 86% 87% 86 % USC Iron P 67% 66% 67% 65% IT S Ind Alco 65 ... 65 65 Utilities— Consoli Gas.. 60% 60% 60% 60% Shipping— Am lilt Corp 22% ... 22% 22 Int M M pfd 28 % ... 28 % 28 % Fnods— Am Sugar... 55 54 % 55 55 Corn Prod... 155% 153% 155% 153 C C Susr pfd. 63% .. 63% 63% Cub-A Sugar. 34 ... 33% 34 Punta Alegre. 58% . . 58% 67% Tobacco*— ,e General Cigar 97 Vi 95 96 94 Tob Prod 8.. 70% 69% 70% 70%

Your Dollar Uncle Sam Tells Who Gets It,

PiPE£ /so /Cents Cents \ I Profit Labor Y I Overhead I A Joc/oe//ng Z 5 j \ t Cen-te, / \ a * es n a re- Jf rials • Ralph F Couch. .QC <n *1 HEN grandfather wanted a yy smoke he picked out a likely—J looking corncob, hollowed it out and there was a pipe. The corncob pipe still lives, although most that are called corncob pipes are imitations. However, the expensive brier or meerschaum is more favored by present-day smokers. The labor used in making pipes costs the manufacturer 25 cent* out of each dollar he receives. Materials cost exactly the same amount, according to figures collected by the United State-s Government. Profit and overhead, including taxes, account for one-half of the dollar. Provided the maker did not want to cut into his profits, a 10 per cent wage increase would cause him to add to his selling price 2V* cents for each dollar he now receives. A 10 per cent increase In his materiuls would cause a similar addition. NEXT: Drugs. UNIVERSITY OF TEXAS ENTERS BOND MARKET Institution Competes With Municipalities, Rail and Industrial Financing. By ’United Financial NEW YORK, Dec. 24.—Opening bond prices include: Erie general ’Jen 64%, up V 4; Missouri Pacific 4s 51%, off '4; New York Central 5s 95%, up 14; Southern Railway 6Vss 101%, up %: Anaconda 6s 96%. The University of Texas will be in the market until Jan. 14, with an issue of $2,500,000 of United States bonds. This is one of the few occassions when an educational institution has offered Its bonds to bankers In ecmipetition with general municipalities and rail and industrial financing. Tucker Royal, chairman of the State board of regents of the University of Texas, will receive bids until the above mentioned date.

Indianapolis Stocks —Deo. 24 Bid. Ask. Am Central Life 200 Am Creosotlng Cos pfd 97 Vi ■ • Belt R R com '7O 74 Belt R R pfd 62... Century Bldg Cos pfd 98 ... Cities Service Cos com 140 Vi 144 Cities Service Cos pfd 66 \ 69 Vi Citizens Gas Cos coni..; 27 Vi 30 Citizen# Gas Cos pfd 99 V 4 ••• Indiana Hotel com 100 ... Indiana Hofei pfd 100 ... Ind Nat Life Ins Cos ... I Indiana Pipe Lino C 0....... 82 87 \ Indiana Title Guarantee Cos. . 80 ... i Indianapolis Abattoir pfd. ..’... 50 I Indianapolis Oas 49 50 I Indpls A Northwestern pfd. . 35 43 | Indpls A Southwestern pfd.. . 50 Indpls Street Railway 48 55 Indpls Tel Cos com 1 ... Indpls Tel Cos pfd 90 ... Mer Pub Util Cos pfd 82 Nat Mot Car Cos . 1 Pub Savings In# Cos. . . 1 12 ... : *Rauh Fertilizer pfd 48 ... i Standard Oil Cos of Jnd 63 *1 65 Vi Sterling Fire Ins Cos 0 . . I T H. I A E com I 4 IT H. I A E pfd 8 15 T H. T A L Cos pfd 85 95 I Union True of Ind com 1 4 I Union Trae of Ind Ist pfd. ... 14 Union Trae of Ind 2d pfd.... 6 19 Van Camp Prod Ist pld 100 Van Camp Prod 2d pfd 100 Vandalia Coal Cos com 2 5 VandaMa Coal Cos pfd 8 12 Wabash Ry Cos com 10 . 12 Vi Wabash Ry Cos pfd .. ... Bonds Belt R R A S Y 4s. May. 1939 80 Broad Ripple ss. July. 1923 . . 62 Cent Ind Gas ss. Sept. 1931 . 82 ... Cen Ind Pow Cos 6s. July. 1947 86 ... Citizens Gas ss. July. 1943.. 84Vi SflVi Citizens Gas 7# 99 ... Citizens St R 5. May. 1923 79 Vi ... Ind Coke A Gas 6#, Apr . 1948 88 fi 93 Ind Hote' 5s July. 1931. .. 92 Ind Hotel Cos 2d 6s. draw-able 90V4 ••• Ind Northern 5s ... Ind Ry A Lt ss. Jan.. 1943 96 Ind Sera- Cor ss, Jan., 1950. 81 ... Ind Un Trae ss. Ju'y. 1930. . 30 Indpls Ab Cos 7Vis, Sept., 1931 09 • 102 Indpls Col A S 6s Feb.. 1948 96 100 Indp's Gas ss. Oct.. 1952. .. 84 86 Indpls L A H ss. April. 1940 95 07 Indpls A Mar ss, Jan.. 1932.. . . 60 Indpls North ss. July. 1932. . 46 H 50 1 Indpls Northwestern 43 Vi 45 Indpls A 8 E ss, Jan. 1035. ... 40 Indp’s A 8 E ss. Jan.! 1932. ... 50 Indpls St Ry 4s, Jan . 1933.. 61 Vi 65 Indpls Tr and T ss. Jan . 1933 85 Vi 89 Indpls Un Ry ss. Jan.. 1965 .05 ... Indpls Un Rv 4Vis May. 1926 95 Indpls Was Vis. March. 1953 95 97 Indpls Wa 4Vi s. Jan , 1940 65 S7Vi IntM Pub Ser 6s. April 1943 87 H 92 So fad Pow- 6s, Jan.. 1931... 105 ... T H. I A E 5s April. 1945. 67 Vi T H. T A L 3s. May. 1944. . 81 Un Trae of Ind 6s. July. 1932 60 65 Sales $5,000 Indpls Lt A Ht 6s at 96 9500 Indpls Water 6Vis at.,.. 95>( •Ex dividend 9 per cent. Jan 1

THE INDIANAPOLIS TIMES

SANTA ARRIVES AT LOCAL STOCKYARDS Prices for Porkers Advance 35 to 50 Cents, Dog Prices Day by Day Dec-250-300 lbs. 200-225 lbs. 150-180 lbs. 18. 7.20® 7.30 7.10@ 7.20 7.00® 7.10 19. 7.10® 7.15 7.00® 7.10 7.00 20. 6.95@ 7.00 6.90® 6.95 685® 6.90 21. 6 90® 7.00 6.80® 6.90 6.75® 860 |22 7.00® 7.10 6.90® 7.00 6.85® 6.90 ■24. 7.40® 7.50 7.35® 7.40 7-25® 7.35 Santa Claus appears*! at the Indianapolis stockyards today bringing with him higher prices for all classes of livestock and a goodly amount jf Christmas cheer for all traders and commission merchants. The period of trading in all departments was rhortened by the scarcity of stock and general preparations for holiday observances were made at an early hour as most of the stock was clearel in the first hour of trading. Prices for hogs advanced 35 to 50 cents as the result of light offerings of 4.000 and marked activity of shippers who took most of the receipts. The top was advanced from $7.15 on Saturday to $7.50, while none sol! lower than $7.25, compared with Saturday s low of $6.85. Heavy hogs at . $7.40 to $7.50 were 26 to 40 cents ! higher, medium mixed at $7.35 to ; $7.40 wore 40 to 45 cents higher ; while lights at $7.25 to $7.35 were 35 Ito 50 cents higher. The bulk of sales was made between $7.35 and $7.40, compared with $6.90 to $7 on previous trading. Pigs were fully a half dollar higher at $6.75 down while sows were fully a quarter higher at $6.25 down. Practically all hogs were sold within the first hour of trading. Less than 200 head of cattle were In the yards and trading was active among buyers desiring to obtain necessary' supplies and as a result prices were strong on steers and steady to strong on other grades. An advance of 50 cents to $1 ocj curred in the calf market as the re- ; suit of light receipts and an urgent Eastern demand. Top veals sold at : $12.50 and the bulk from $11.50 to sl2. Receipts 250. Only twenty-five head of sheep were In the pens and trading was quiet with prices steady.

Choice light* $ 9 i I.iebt mixed - i Medium mixed ® Z•*;! ! Heavyweights 7.35® 7 .40 j Hulk of tales 40® , .50 Ij,i„ 0.25® 675 Packing sowe 6-Oo® 6.50 —Cattle— ■ Few choice steers .... $10.00X11.00 Prune com-fed steers. 1 000 to | 1.800 lbs ft.oo® O.aO 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® 800 ! Good to choice steers, 1,000 to 1,700 lbs 6.00® 7,50 Common to medium steer.*. 800 to 1.000 lbs 6.00® 7.00 —Tows anil Heifers— Good to light heifers $ 9 00<3 10.00 Good heavy weights i ,5® 900 Medium heifers S An Common cows 3.00® 6.00 Fair nows •’*? Cutters ' *..75® 3.*.*> CAnners *-2 876 —Bulls— Fancy butcher bulls $ 5.00® 600 Good to choice butcher bulls. 5 00® 5.50 Bologna bulls 4 50® 6 Oil —Calves— Choice veals $lO 004*12.50. i Good veal* 2'29 1 2-® j Lightweight veal s™? : Common veals Z"L ,f I? Z'c Common heavies 6.00® ~00 | Top 12 .50 —Sheep and Lambs—- ' Extra choice lambs slo.oo® 12.00 Heavy lambs ? 22 Cu’l lambs ? 22H -22 Good to choice * 00® ~00 Culls 2.00® 300 Other Livestock CHICAGO. Dec 24.—Hogs—Rceipt*. 38,000. 15®25c higher: top. $7 25. bulk. ' s*l 70® 7.20: heavyweights s7® 7.25: msilium $6 9067.26 light $0.7007.10; i light lights $6.50®0.86: heavy packing i ,raooth, $6.50® 0-75; packing. smooth. 86.60®0.75% packing sows, rough, $0.25 ® 0.50; killing pigs, $52606.50, Cattle— Receipts. 6.000: market active, unevenly higher; fed steers suitaole for shipping outlet 25® 50c higher to pmatured steerslo.9o; numerous strings. $9 25010,75: plain kinds $7 60®8.50: yearlings scarce: choice kinds absent: she stink strong. '.’sc higher: caners up to $3 few light kinds below $260: bulk bologna bulls showing advance in she stock, bulk b< logna bulls, $4 25@4-65: heavy beef bulls slow; vea'.ers largely 25% 30c higher beeves, tip. s9® 9 50: several lots up to $10; outsiders paying up to $10.60; ctly demand stookers and feeders slow: supply fresh run scar.-e; strong spots higher Bheep—Receipts 9 000: market active: fat lambs. 25@40e higher; sheep strong: bulk fat wootod lambs. sl3 @ 13.35: top to city butchers. $13.50; recently shorn woo'ed lambs. sll 50: yearling wethers, $11: choice light weight ewes. $7.50. KANSAS CITY. Dec. 24.—Hogs—Receipts. 6,500 market. 20® 30c higher to shippers few sales to packers around 15c higher:, packer top. $7. bulk desirable 190 240 pound averages $6 75®7; packing sows mostly $6.75@7: shipping sows mostly _ $6.25® 6.50: bulk stes'k purs. $4.50® 5 2.>. Cattle —Receipts, 3,000: calves. 300 market active kt'liiig steers and yearlings 15® 2oc higher: vearltngs. $9.75: bulk short feds, $7 50® 9.25; better grades she stock to® 15c higher: medium heifers slow: ranners ami cutters steady to strong- bulls steady; calves 27>c higher: venlers. $8W8.50 stock ers and feeder* dull around steady. Sheep —Receipts, 6.000; around half receipts in due billing: lambs 25@400 higher: Colorado? $12.75: feeding lambs. $11.40® 11.60. EAST BUFFALO. Dec. 24.—Cattle—Receipts, 1,650: market active 25c higher: shipping steers. s9@ 11. butcher grades. $7 50 @9.50; heifers, s(> 50@ 8; cows. $2 50 @7; bulls $2.75 if 5.75: feeders. 254.50@ 7- milch cows anil springers. s2s® 125. Calves—Receipts. 1.200: market active. 600 higher culls to choice. $4 @l3 Sheep and lambs —Receipts. 4.000; market active: sheep 81 higher: lamb* 50e higher: choice lambs sl3® 14: culls to choice. sß® 12.50; ye,airings [email protected]: sheep. $3.50 @8.50. Hog*—Receipts 12.8C0: market active. 35®, ■loc higher: Yorkers, [email protected]: pigs. 17. mixed, $7.6007.65: heavies. $7.60@ 7 66; . roughs. s6® 0.26: stags, [email protected]. EAST BT. LOUIS, Dec. 24.—Cattle—Receipts, 1.000: market berf steers 25r higher: native beef steers, $7.6508.25: 'pearling* and heifers. $9.50 tip: cows, $4 @5.50: canners and cutters, [email protected]; calves, s9® 10. Hogs—Receipts. 10,000: market active. ?0<- to 40c higher, heavy. $7.2007.50; medium $7.20 @7.50: lights, $65007.45; light lights [email protected]: packing sows. s6@ 6 40: pigs. $5.75 @0.06: bulk, *7 @7.35. Sheep—Receipts. 1.000: market lambs 15c to 26e higher; sheep unchanged: ewes. s4@ 6.50: canners and cutters, [email protected]; wool iambs, sll @13.25. CINCINNATI. Dec. 24.—Cattle—Receipts, 600- market strong. 26®50c higher: shippers. $7 [email protected]. Calves—Market steady; extras. $lO 0.11 Hogs—Receipts, 3,800: market steady: good to choice packers, $lO @10.60. Sleep—Receipts, 50: extras, $3 @5.60. Lambs—Market steady; fair to good, $12.50® 13. EARLY TRADING ON CURB IS ACTIVE AND HIGHER Some Good-Sized Gains Are Registered Among Oils. By United Financial ■ NEW YORK. Dec. 24. —Trading was I fairly active and higher in the early j curb dealings today. Some good-sized gains* were scored among the oils. Imperial Oil of Canada was up one"point at 112% and Swan & Finch gained 3 to 38. Carib Syndicate led the South Americans by making anew current high at 8%.

Vincentini By ,Y E'A Service NEW YORK, Dec. 24.—Although beaten by Johnny'Shugrue, Luis Vincentini, the South American, is still the best prospect among the young lightweights. Vincentini lost to Shugrue chiefly through inexperience. On two occasions he had the knockout conqueror of Willie Jackson in a bad way, but didn’t know enough to apply the finishing touch. Vincentini showed marked improvement with his left hand, indicating he is progressing in his instructions under American trginers.

Sett i Ward Candidate for County Sheriff . i Seth Ward. Barton Hotel., Federal prohibition enforcement officer, today announced candidacy for the Republican nomination 0r sher^ W ment made will be the peySETH WARD pie’s choice be cause of hi? proven ability as a Government off! oer. He is honest and fears no one. He ‘winks his eye’ at no law violator, and administers the sam®, justice to everybody. Ward has been active in Republican politics for several years. He is a Thirty-Second degree Mason, a Sigma Chi and member of the American Legion. He attended Purdue and West Point.

LITTLE MOTHERS WILL HAVE PARTY TUESDAY Fifteenth Consecutive Christmas Celebration so Be Held, For the fifteenth successive year the Little Mothers and Little Housekeepers and their sisters and brothers will gather for their annual Christmas tree party from 3 to 6 p. m. Tuesday at their headquarters, 1303 W. TwentyFifth St. Mrs. Maryland Suzanne Krause. wh> has charge, today sen*, out an Invitation to all members of the organization who, she said, workers had beea unable to reach. The organization was formed to help girls from 9 years old up who must he the "little mothers and housekeepers" In their home. A second party will be given on New Year's day. $60,000 GIFT DELAYED Adjutant General Predicts Payment to National Guardsmen Soon. Santa with $60,000 In his bag, will be delayed in his visit to 4,750 Indiana National guardsmen. Payment of this amount in back camp and range pay, blocked by State Auditor Robert Bracken because of legal technicalities, will ! e made soon, Adjt. Gen. Harry B Smith predicted today in ordering complete rolls be complied and submitted to Bracken at once. If Attorney General U. S. Lesh rules payment of an old debt out of unexpected balance of the present appropriation illegal, a special iegis lative appropriation will be needed in 1925, Smith stated.

STINGINGS TWO KINDS Oil Stork Hits no Value, but Boe Considered Assets. William \V. Rooks, oil prospector, 225 N. State Ave., evidently grot "slung” with oil stock, and has future stingings in prospect. Among assets listed in his bankruptcy petition filed ; In Federal Court today was SIOO worth of bees and hives, as well as a shot--gun and $7,032 worth of oil stock with "no present value.” Liabilities were given as $10,720 and assets at $233. Suicide’s Books to Be Examined Examiners of the State board of accounts will be sent "as soon as | possible” to Investigate books of John j W. Chapman Parke, coiinty t reasurer, who committed suicide Saturday, | iAwreni-fl F. Orr, chief examiner, rtated today. The previous State audit wns made for accounts up to Jan. 1. 1922. Two Hurt in Auto Crash. Miss Edna Heaton, 2152 N. Meridian St., and Miss Adah Miller, 54J E. Thirty-Second St.. were slightly bruised and cut today when the car in which they were riding, driven by J. G. Hotz, 1645 N. Capitol Ave,, collided with one driven by J. L. Lesler, 230 E. Pratt St., at Thirtieth and New Jersey Sts. Both drivers were arrested. Smoke Causes Fire Alarm Fire apparatus in the mile square today answered an alarm sent by the Petot Shoe Company, 12 E. Washington St. Smoke from a bonfire on the site of anew building at Monument PI. and Meridian St. was blowing into the window of the Petot building, firemen said. Hooray! “Sheepskins” Cheaper! Return to normalcy in the price of parchment will be hailed by Indiana University graduates next spring. Five hundred parchment orders; discontinued during the war, have been renewed at $1.20 each by the State printing board, George Healy. clerk, said tod;**-.

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ARGUMENTS NEAR END IN SHAW CASE (Continued From Page 1) drink." —why, he came away from headquarters for all drinks, Indiana Ave.” Remy launched into peroration, his final wind-up. "What manner of crime was this?” he demanded. "Was it a blow In sudden anger? No! Was it a blow in selfdefense? No! It was a violent assault, a brutal clubbing. Finger marks on the throat of a 22-year-old girl who had a diamond ring. "A cunning disposal of the body. Robbery. “Why, the defendant there never has explained the possession of the watch and ring, unless you jurors believe. that all the witnesses lied except Shaw himself.” Pointing at Shaw, who sat slouched down in his chair, apparently taking no interest, Remy declared: “This is murder In the first degree, gentlemen! Under the statutes, there are two penalties for this crime. For this particular kind of murder, there is but one perfalty. It is put on the books for just such crimes as I have related to you. That is the death penalty.” "High priest and prophet of this inquest Prosecutor William R. Remy," was the text of the opening argument for the defense, made by W. S. Henry, colored attorney, retained by Shaw’s sister, Mrs. Roy Gill, 1435 N. Arsenal Ave., in a speech bristling with references to the Old Testament. Lots Are Cast "Let Mr. Remy be the high priest, gentlemen of the jury,” Henry said. "He has cast the lots, and the lot has fallen on Shaw’s defenseless head, to be the scapegoat for ‘Hunky’ John's sins, and Remy has consigned Shaw to be thrown forth into the wilderness, where there is wailing and gnashing of teeth." Henry thoroughly denounced "Andy" Parker (Andrew Parker, colored, Shaw’s partner at Ivlngan & Cos., who testified Shaw had Mrs. Whelchel’s watch at 8 a. m. Nov. 28, the day Mrs. Whelchel's found, as the * blackest stain on the State’s evidence." "Parker braggadoeially said and boasted that it was an Elgin watch,” thundered Henry. “It was perfidy, gentlemen, perjured testimony hv Parker, an angel of hell that had fallen into this courtroom to send nn innocent man to the electric chair by the sycophant, the contemptible cur. Andy Parker.” He then consigned "Andy" to the “furies and fires of hell an angel of flight until time shall be no more.” “You're not quoting from the testimony, are you Mr. Henry?” Remy Interposed. That’s the Inference "That's the inference l*rom the testimony." thfc attorney replied. Henry then attacked other State’s witnesses in similar fashion. He dwelt on the theory that Mrs. Whelchel had been murdered by a suitor who "had received a spurning” in the Lyric ballroom the night of the murder He demanded of the Jury: "Where was the old woman who got off the car with Mrs. Whelchel? Why did not the high priest summon her in to testify?” Henrj attacked the testimony of Frank S. Oberting, who said lf> law the car In which Mrs. Whelchel was abducted from lowa and East Sts., the night of the murder. "Mr. Oberting is not a wizard of sight,” Henry said. "He Is not an angel who knoweth all things. He could no more have told the make of a Ford car half a block away at 12 o’clock at night than I could get Into heaven without passing through the valley of the shadow of death.” Henry also attacked testimony of "Hunky" John. "John Shaw works," the attorney said. ‘Hunky’ John doesn't work. He's a bootlegger. At these bootlegging hell holes men meet while you end I sleep and plan the most diabolical crimes. At this hell-hole this 1 spurned lover saw 'Hunky' John. ‘Hunky’ John was paid to commit the murder. “Protected by High Priest” “He said he doesn't work. Why i thould he? And now he- is protected wy the high priest and prophet of this inquest.'* Henry then went Into detail concerning the finding of Mrs. Whelchel's bp(ly. He said several trains had passed between midnight and morning and that the body had not been i,een by train crew’s. "The body was placed there la to in the morning,” he said. “At that time, Shaw was arising from the arms cf Morpheus and wending his way to Kingan's to go to work.” Henry pointed out there were no bloodstains on Shaw’s clothing, “Could that biood have been educated to blow in every direction except* on John Shaw's clothes?” he demanded. Henry concluded his arguments by saying that Remy “w r ants to see Shaw’s body dangling under an electric current.” “John Shaw knows he is Innocent," said Henry, “because he knows he was sale at home, sleeping in the arms of Morpheus, when these guilty culprits, ’Hunky’ John and his confederates, were wending their guilty way, in the dead of night, into the

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rural districts with their awful burden.” “Have you gentlemen ever visited bootleggers?” he asked the jury. “I don’t know. I have. And I know bootleggers are always home, with their heads out of the window looking for a prospective customer. And ‘Hunky’ John, that bootlegger, was home then, awaiting the rush and flow of customers, thirsty to buy white inule for Thanksgiving.” The State clinched its case Saturday night with the testimony of Jim (Hunky) John, from whom Shaw ha been insisting he obtained ~ a \v...ch and diamond ring stolen from Mrs. Whelchel, gnd that of Mrs. Harriett Beasley, 934 S. Senate Ave., who ; told of John's movements on the | night of the murder. John, testifying through an interMOTION PICTURES

APOLLO CHARLES JONES “Hell’s Hole” Spat Family Comedy “ROUGHING IT” Charles B. Lines—New Songs VIRGIL MOORE’S APOLLO ORCHESTRA

Jfc Now Showinr DOUGLAS McLEAN “GOING UP” BTAN LAI RKL COMEDY “ROUGHEST AFRICA” FATHE NEWS Lester Huff FLAYING NOVELTY SOLO “HATS”

COMING NEXT WEEK D. W. Griffith’s “The White Rose” A Story of a Girl Who Couldn’t Stop Loving. mm BIG HOLIDAY BILL BERT LYTELL BLANCHE SWEET In George M. Cohan’. “MEANEST MAN IN THE WORLD” A First National Picture A Circle Presentation MUSICAL MOMENTS An Intimate Revue With DOROTHY SEEGAR BOBBY TREMAINE HOWARD <5. FREDERICKS NETHERLANDS FOLK SONG Played >. BIRD and CIRCLE BRASS QCINTET COMEDY—NEWS—CARTOON m CIRCLE TICKET BOOKS FOR XMAS GIFTS COMING SUNDAY “THE ETERNAL CITY”

TO THE LADIES A Full Sized Copy of Gertrude Atherton’s Much Discussed Book “BLACK OXEN” GIVEN FREE To each of the 1,000 women who attand the Matinees Wednesday, Thursday and Friday. December 26, 27, 28, In order that the real greatness of the film version may be more widely realized. Soon to be shown at the Circle THE CIRCLE THEATRE

AMUSEMENTS

MURAT—MICHIGAN OPERA NIGHT—TONIGHT ONLY “COTTON STOCKINGS” Eighteenth Annual Production of the University of Michigan Mimes, i “•The College Play With the Longest Run.” PRICES: *I.OO TO *2.50. NO WAR TAX. TOMORROW i m All This Week XMAS MAT. r. i T3: Mats. Wed, Sat. BEST OF ALL MUSICAL COMEDIES orl|flnal ra,, dlrefi year New Tork. 5 months Chicago. Ere., 50c to *2-5Sf MinifylflllTl a ~: zzzzzz r ™ ALL NEXT WEEK—MATINEES NEW YEAR'S DAY. 2:30, AND SAT. LITTLE STORIES OF §f"l THE ■ NO-1 1 A Mar-whose wue was divorcing gPNLg|* SB* 11 him sent her a copy of the play to 81 SIS ‘H Reno, lt brought about- a |§ Wm 11 if j l 1— *- —I v Prices— Eve, 50c, sl, $l4O, $2.00, s£so. Mats., 50c, sl, $1.50, Sants T*4+ p

preter, said he could not drive an automobile. Shaw had testified John had borrowed his car on the night of the murder. He also testified he had taken “a lady’* to a show thaU night and that he had not been at home all night. Mrs. Beasley was the next witness. She testified that John had taken her to a motion picture show on S. Meridian St. on the night of the murder. He said that afterward he had gone to her home and that he had spent the remainder of ’.ho night there. AMUSEMENTS.

Broadway Theatre SNAPPY, PEPPY BURLESQUE Now Playing “Oh Joy” Company With Billy (Grogan) Spencer j ENGLISH’Sjp- ** Nji tiSr with Charlotte Greenwood. Clark & McCullough, William Gaxton, Sam Ash, Helen Rich, Ruth Page, Amelia Allen, Hal Sherman, Leila Rlcard, McCarthy Sisters. 109 others, including ORIGINAL MUSIC BOX GIRLS. Prices—Nites, 83.60, $3.00, 83.50, $2.00, SI.OO. Mat., New Year’s, $2.50, $2 90, $1.50, SIOO. Sat. matinee, $3.00, S2.'JO, S2.OU, SI.OO. Pins lo<f e V. S. Tax. Box Office Sale Thursday.

-KEITH’S CHRISTMAS WEEK BILL WALTER C. KELLY THE VIRGINIAN JUDGE CLAUDE & FANNIE USHER TIIE BIHE-A-WEE HOME GOMEZ | HALL * TRIO | SHAPIRO THE AMERICAN TENOB VAUGHN COMFORT JIMMIE JONES. PIANIST * McDonald i the & OAKES | DUPONT3 MASON & COLE REVUE SONGS, DANCES, MUSIC Pathr News—Topics—Fables

CAPITOL All This Week, Twice Dally—--2:15 and 8:15. Popular Price*. COLUMBIA BURLESEQUE Presents Clark & McCullough’s “MONKEY SHINES” A Burlesque Review Without a Rival Ladles! This coupon and 25 will admit lady to best reserved seat any matinee except Sundays or holidays.

PALACEr--1:00 TO 11:00 P. M. A Rural Musical Comedy “Lonesome Town” Featuring Toby Wilson Stephens Choy Ling Hee and. Troupe 1 Hollister Alexander thI ,n -- ?!!£- PASSING Fries & Wilson Photo Feature “Broken Hearts Broadway”

WHERE THE CROWDS OO! LYRIC # eunur MONTMARTE REVUE Bring GEN.PISANO&CO. the u d m“, Whitfield & Ireland SANTA claus LES GELLIS (In Per- j •”L”” Northlane & Ward Meirantne j ™” r FIVE BALIOTS Afternoon ______ "a Holland SMS* ROMANCE-’ Dancing in the Lyric Ballroem Afternoon and Evening COMING! Next Week EDNA WALLACE HOPPER 62-Year-Old Flapper Who Discovered tbe Fountain of Yonth.

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