Indianapolis Times, Volume 35, Number 196, Indianapolis, Marion County, 29 December 1923 — Page 11

SATURDAY. DEC. 29, 1923

STREET BUOYANT AS BONUS CHANGE LOOKSDOUBTFUL Mellon's Tax Reduction Pian Induces Brisk Buying. The WALL STREET JOURNAL NEW YORK. Dec. 29.—Publication of the details of Secretary Mellon’s tax reduction program the waning chances of passing a soldiers' bonus measure over President Coolidges veto today furnished the basis fo~ a generally buoyant opening of the stock market. The strongest tone was displayed by the oil shares, re- ► fleeting the action of Magnolia Petroleum in meeting the advance of 10 cents to 16 ceqts a barrel in crude oil in Oklahoma and Kansas. First Hour Houston Oil was the outstanding feature of the oil class. It spurted 22 points to 72. With Steel common in brisk demand at the best level of the current upswing, stocks maintained exceptional activity in the first tfcour. None of the other industrial Riders made further progress on the but substantial gains took place in numerous specialties. United States Realty sold at 99 % against Friday's low of 94. reflecting settlement of wage questions. Closing Hour Steel common flirted with par, tremendous activity above 99. Oil shares continued to respond to the further indications of improvement ji the industry, reflected in further advances in crude oil prices. Stocks like Atlantic Refining and Houston Oil scored sharp ga.ns and the active issues of the group were lr. best demand at advancing pr.ces. Add.tional ' ind.cat.ons that var.ous groups were recovering from the tax selling were supplied by stocks lik# Northern Pacific. Great Northern pfd., fertilizer and shipping shares. Twenty leading industrials today averaged 95.23, up .11; twenty active rails averaged 80.62, up .52. Local Bank Clearings Indianapolis ban clearings Saturday were •292.300: bank debits were S6OO 800. Clearing* for the week were $1,722,300: debits for the week were 53.274.500. Foreign Exchange By United Financial NEW YORK Dee. 29.—Foreign exchange closed down: Sterling demand. $4.33 : . French, demand. 5.12 He. i tire, demand. 4.33 c. Belgian, demand 4.4!* l be. Marks 4 Tillion to dollar. Czeeho. demand. I.IU'jO Swiss, demand. 17 47c. Guilders- demand. 38.03 c. Pe*‘tas. demand. 12.95 c. Sweden, demand. 26 44c. Norway, demand 14.65 c. Denmark, demand. 17.70 c ApNDS CLOSE HIGHER r* ON GOTHAM MARKET Investors Look Forward to Opening 1924 Business. Bn United Financial NEW YORK. Dec. 29.—The bon 1 market made a good showing during the abbreviated trading period to day. Active industrial and railror.d issues finished higher on an average. The 6 per cent call money rate ruling over the week-end for the first time in a number of weeks, did not stifle new buying although the market was forced to absorb a good deal of tax selling. To paraphrase, there is onmore tax selling day before Neve Year’s. New bonds offered during the week totalled something more than $42.000,000 of which about 50 per cent were municipals. This compares with more than $69,000,000 in new bonds brought out last week. The investment market is looking expectantly toward January. One oy one the new rail bond Issues are being approved by the I. C. C. so that the bankers may be free to place the Issues on the market whenever the time is propitious.

Produce Markets

INDIANAPOLIS. Dec. 29.—Fresh eggs. tt off. 35c; packing sto*-k butter. 27c: ■in*' over 2 I be.. 18c: fowls. 4% Ib'.up. s; fowls under 4 % lbs.. 17c: Lest horn poultry. 25 per cent discount; cocks. 10c; staffs. 12c: capons. 7 lbs. up. 27c: young tom turkeys. 12 lbs. up. 25c: young hen tur4cts. 8 lbe. up. 25c: old tom turkeyna, 20 •; Muck* 4 lbs. up. 17c; geese. 10 lbs. up. 17c: squibs. 11 lbs. to the dox.. 55: your* guineas. 114 lbs. to dor , 57; old guineas, doz.. $5: rabbits drawn No. 1. doi . 55. Indianapo’is creameries are paving 50c per Jb. for butter? at. CHICAGO. Dec. 20—Butter—Receipts. *7.012. creamery 33**: standard!*. 50c: first#*. 44<847c: seconds. E^grs — Receipts 3.328: ordinary firsts. 32@35c: firsts 38c. Cheese—Twins. 21c; young Americas. 23c. Poultry—Receipts. *1 cars: fowls. 15®23c: ducks. 22c: geese. 17c: turkey*. 24c springers. 20c: roosters. 13c. Potatoes— Receipts. 443 cars: Wisconsin round whites. 51.254? 1.50: Minnesota whites. SI 30® 1.40: Red River Ohios. $1.25. CLEVELAND Ohio. Dec. 29.—Butter— Extra In tubs,’ 57%®59%e: extra firsts. 56% 658 He: firsts. 55H ©56 He: packing stock. 33® 35c: standard. 55 H ©S7H e: prints lc extra Eggs—Fresh gathered northern extras, 45c: extra firsts. 43c: Ohio firsts 40c: western firsts. 40c: refrigerated eggs. 28c; refrigerated firsts, 2fie. Poultry —Live fat fowls. 24 @ 25c: springers. 23 51 24c: Leghorn fowls. 16® 17c; old roosters. 14® loc: geese. 19-4 20c: heavy white duck-*. 25® 27c; fight colored ducks. 19" t 21c: turkeys. 32®34c. Potatoes—Michigan round white. $1.75® 2.25: Ohio. s2® 2.25: Minnesota whites. $1.35® 1.50; New York. 52®2.50: In 150 pound*. NEW YORK Dee. 29.—Flour—Dull and unchanged. Pork—Weaker. Mess—s24.so ® 24.75. Lard—Quiet mid-west spot. 13.20413.30. Sugar—Raw quiet. 7.03 c: refined, quiet, granulated. $8.704 890 Coffee—Rio spot 10S filo\f: Santos No. 4. 15® 15He. Tallow—Firmer, special to extra. 7%&Sr Hay—Dull: No 1. sls: No. 3. $12913; clover $11.504 12 Dres9<d poultry—lrregular: turkeys, 22040 c chickens. 17@45e: capons. 25@45c: fowls, 130 29c; ducks. Lorn; Island 20®30c. Live poultry—lrregular: geese. 224 26c: ducks, 15033 c: fowls 20' -27 c: turkeys 36*0 40c He: turkeys. 360 40c: roosters 21® Ke; chickens 35 0 40c. Cheese—Dull: Hu*"! whole mil In common to special. 18 026 c: state skims, choice to specials. 15® 18Hc: lower grades. 54 14c. Butter— Steady: creamery extra, 55c: special market. 55H.@50e: state dairy tubs, 40 0 540; Danish. 03@54c: Argentine. 41 0 48c: Canadian. 50H 452Hc. Eggs—Steady: nearby whites, fancy. 58® 60c nearby state white. 44 0 60c: fresh firsts to extras. 43® 51e: Padfie coast. 42 4 59c: western whites. 440 60c: nearby browns 52®56c. New York Liberty Bonds —Dec. 29 Prey. High. Low. Close. close. L B 3Hs .. 99 1 99.2 99 3 99.4 L B Ist 4%5. 98 8 97 98.7 98.7 L B 2d 4Hs. 98.5 P 8.4 98.5 98 5 L B 3d 4’as. 99.11 99.9 99.11 99.11 L B 4th 4%5. 98.10 98.7 98.10 98.7 Ne.w Govt 99.9 99.fi 00 fl 99.6

New York Stocks I tty rhom-oe * McKinnon) —Dec. 29

Railroad*— Prev. High. Low. Close. close. Atchison ... 97 m) % 90 % 90 % B & O 58% 581* 581* 58% C & O 70&. 69% 70 69% O & N W Ry. 50 Vs 49 49% 48% C R I & P. . 22 Vi 21 Vi 22 21 Erie Ist pfd 29 % ... 29 % 29 % Gt North pfd 53% 52% 53% 52% Lehigh Val. . 59 % ... 59 % 59 % Mo Pac pfd. . 28 27% 28 27% N Y Central. 104% 104 104 104% Nor Pacific.. 52Vi 51% 52% 62 Nor & West .104% 102% 104 102% Pere Marq. . . 41 % ... 40% 41 Pennsy 41 S 41% 41 " 41% Reading .... 77% ... 77% 77% South Pacific 87 % 87 87 % 86 % St Paul pfd. 23% 22% 23% 23 i Union Pac ..129% 127% 129% 127% Wabadi pfd. 34% 34 34% 34% Rubbers— Kelly-Spring . 32 31% 32 32 |U S Rubber. 37% ... 37% 37% Equipments— Amer Loco.. 75% ... 75 75 Baidw Loco .125% ... 124% 125 Gen E’ectric . 197 % 195% 196 Vi ll*6 Lima Loco. . . 66% 66% 66% 66 Pul’man ...123% 122% 123 123% Westh lee... 62 61% 62 61% Steels— Beth ehem . . 53% 53 Vi 53% 63% Cru'-ibie 68% ... 67 67 Gulf States*. 83 % 83 83% 83% Rep Iron &Ssl % ... 51 50% S’oss-Sh ffield 62 ... 61 % 61 % U S Steel... 99 % 98 % 99 98 % Vanadium.... 30% 29% 20% 30% Motor*.— Am B Mag . 36 35 Vi 36 36 Chandler Mo. 67 66 67 66Vi Gen M0t0r5..14% 14% 11% 14% Max 'to "A" 49% ... 48% 49 'fax Mo ‘ B" 13% 13 13% 13% - k-Ujker .107% 106% 107% 106% Stromtrg.... 80 ... 80 80 Stewart W... 90 % 90 90% 90% Timken 39 % ... 39 Vs 38 % ; Will.ts-0 10 % 10 10% 10% Oils—'iW Petrol.. 26% ... 26 26 | Cos*ien . ... 36 */ 25 S 35 \ 36 % i Houston Oil.. 72 70S 71 69^

GRAINS ARE FIRM IN CHICAGO TRADE Cold Wave Prediction Brings Buyers Into Pit. Bu United Financial CHICAGO, Dec. 29. —Grains closed strong and sharply on the Board of Trade here today. Bocals were active buyers in wheat. Receipts in all markets were light, and this,' together with a predicted cold wave over the week-end and rumors from Washington regarding congressional action for farm relief, were influences that brought buyers into the pit. Corn sold higher in sympathy with wheat and some short covering by recent sellers. Oats closed strong and higher, getting most of its strength from other gra ns and due to better shipp.ng demand, Lght rece.pts and more specu lative interest. Provisions firmed up and closed slightly higher with grains and steady hog markets. Chicago Grain Table —Deo. 29WHEAT— Ptct. Open. High. Lotv. Close, close. Dei'. .1.01% 1.02% 1.00% 1.02% 101 May 1 07 1.08 1.06% 1.07% 1.416 % July .1.05% 1.06% 1.05V* 1.06% 1.05% CORN— Dec . .70 % 70% .!)% .70% .69% May .73% .74% .73% .74% .73% July . .74 V* .75% .74% .75% .74% OATS— Dee. . 41% .43 .41% 43 .41% May . .45 45% .45 .45% .44% Ju’y . .42% .43% .42% .43% .42% LARD—--1 Jar, .12.05 12 10 12.03 12 10 12 07 RIBS •Jsn 9.82 9.55 RYE— Dee. . .67 % .68 % .67 % .68 % .67 % M ) 73% 74% .73% 74 % 73% •Nominal. CHICAGO. Dec 29.—Primary receipts Wheat 730 000 against 1 511.000: -orn. 1.068.000 against 1.484.000; oats 470.000 against *166.000 Shipments—Wheat 436.000 against 613 000. corn 829.00 against 739,000: eats. 479,000 against 640.000 CHICAGO. Dee 9.—Car lot receipts: Wheat. 14: corn. 131; oats. 40; rye. 3.

Cash Grain

INDIANAPOLIS. Dec. 29.—Total receipt# for the day. 33 cars Grain price# quoted f o. b basis 41 %c to New York, hay on track Indianapolis Bids for vrain at the Indianapolis board of Trade were. Wheat—Firm: No. 2 red. $1 ®103: No. 2 hard, 98c® 51.02. Corn—Firm- No. 2 white. 67®69'-: No. 3 w hite. 65® 87c; No 2 vrlhiw 06 % 'ii 68 %c No. 3 yellow, 64 %'a *l6 No. 2 mixed, 64'<i66c; No. 3 mixed 62®64c. Oats—Firm: No. 2 white. 41 ®43c: No. 3 white. 40® 41c Kay—Firm: N,. 1 timothy $23 50 ® 24; No. 2 timothy. 823® 23.50: No. 1 llffht clover mixed. s23® 23.50; No. 1 clover hay, 524.50® 25. —lnspection# Wheat—No. 4 rid. X car; No. 2 mixed, 1 car sample. 1 car. Total. 3 cars. Corn—No. 4 white, 2 cars; No. 5 white. 2 cars; sample white. 1 car; No. 3 yelow, 1 car; No. 4 yellow. 1 car; No. 5 yellow, 8 cars; No. 6 yellow. 1 car; No 4 mixed. 1 tar; No. 5 mixed. 3 cars No. 6 mixed. 1 car.f Total. 21 cam. Oafs—No. 3 white, 5 cars; No. 4 white. 1 cars; sample white. 1 car. Total. 7 cars. Rye—No. 3. 1 car. Total. 1 tar. Hay—Packing hay. 1 car. Total, 1 car. CHICAGO. Dec 29—Wheat—No 2 hard. Sl.J4**. Corn—No. 2'yellow. 72%72 ,; *c: No. 3. 69% ® 71c: No. 1 88%®0%c; No. 2 mixed. 71 %c: No. 3. 69 %® 70c; No 4. 68%e: No 5. 65c; No 2 white, 72c; No. 3. 70 I*',, 71c: Vo. 4 Hftc. Oats—No. 3 white. 43 % ® 44,* - No. 4. 43c. Bar.ey—--67® 71c. Rye—No. 2, 69 %c. Timothy—s6.so® 8. Clover —$12® 21.75. TOLEDO, Dec. 29. Wheat Cash. $1.10%. Corn—Cush. 78c. Rye—Cash. 73c. Oats—Cash. 50 %c. Barley—Cash. 67c. C!over-seed—-Cr.ch 513.10; December. 513: January. sl3 10: February and March. 513.20. Timothy—Cash and December. 53 95: March. $4.05. Aisike—Cash and December $9 35; January. 59.45; February, $9.55; March $9.65. Butter—s9® 58c. Esss—3B® 40c. Hay—s2B. ST. LOOTS. Dec. 29.—Wheat—No 2 red. $1.14: No 2 hard $1.04® 1.06: July, $1.05% . Cqm—No. 3 white 70% ® 71c; No. 4. 68’ic: December. 72c: July. 75%e. 1 No 2 whit# 45® 45%c No 3. 44 % ® 45c: No. 4. 4c: December. 44 Vic.

Grain Briefs

CHICAGO. Dec. 29.—Present irregularities in the gram market are expected to continue for the next ten days or two weeks. Some traders believe- purchase of wheat and corn on breaks will be good for fair trading returns later. It remains to be seen whether closing of lake navigation will materially affect the wheat situation. Modern Miller declared. Supplies at Buffalo and the seaboard are ample. Final estimates on Nebraska wheat crop: Acreage. 2,882.000: yield per acre ten bushels: value. $23,423,000. Recent general rains have delayed the Australian wheat harvesting and will reduce somewhat the yield, it is feared. The winter crop in general is up to a good stand and despite some scattered reports of injury by recent rains, no permanent damage is indicated. Moat fields are without snow covering, Modern Miller said. Holiday dullness prevails in flour markets everywhere. With ample supplies of Canadian flour wheat reported in the country and more en route, mills have sufficient supplies to carry them Into May. Wag onJMi lt

rrex. High. Low. Close. close Marl and Oil. . 39% ... 38% 38% Pa t Am. Pete 64 63% 64 63 • Pao-A Pete B 61% 61% 61% 61 % Pacific Oil. .51% ... 60% 61 % Pro and Ref 38 36% 37% 30% Pure Oil 24% ... 24 24% Std Oil of Cal 63% 63 V* 63% 63% Sul Oil of N J 40 V* 39 Vs 40 39% Sinclair 27 Vs 26 % 27 26 % Texas Cos 43% 43% 43% 43% Minings— Gt North Ore 28% ... 28V* 28% Int Nickel... 13 % ... 13 % 13 % Coppers— Am. Smelting 58% 58% 58% An vconda 36% 35 % 36 % 35 % Kennecott... 33 % 33 % 33 % 33 % Industrials— Allied Chem. . 70% 69% 70% 69 Vi Am Can. .. 10.5 104V* 104% 104% Am Woolen.. 73% ... 73 73V* Coca C01a... 70% 74V* 70% 7.3 Comp. • Tab 97% . ... 96 97 Vi Cont Can... 56 % 56 56% 55% Davison Chem 71% 69% 71 70 Famous Play. 71 % 70% 70% 71 Gen. Asphalt 40 Vj 40% 40*,* 41 Inter Harv. . 77 76% 77 75 Vi May Stores . 91 90% 90% 91 Mont & W. 24% 24 24 24% Nat Lead. . 143 V, 143% 143 143% Sears-Roe. . . . 86 Vi .... 86% 86 % I*. S. C. I P 68 66% 67% 67% U. S. I. A!.. 71% 70% 71% 71 rtilltie* — Am Tel & T 125 .... 125 125 Con. Gas. ... 61% 61 61% 61 Columbia G.. 35 34% 35 35 Shipping— Am Int Cor. 23% 22% 23% 22% In M M pfd 29% 28% 29% 29% Foods— Am Sugar . . 55% . 55 V* 56% Am Beet Sg. 41% 41 41 41 Corn Prod 155% 153 Vi 155% 1 ■, C. C. Sg pfd. 63 62 62 63% C.-Am. 5g.... 34 ... 33% 34 Punta Ales. 58 57 57 68 % Toimoos— Cong Cigar.. 19% 17% 19% .... Tob P (B) . 70 69% 69% 69%

Your Dollar Uncle Sam Tells Who Gets It,

BUILDING HARDWARE 2>i jj Cerrr'S \ / Labor \ \ riah I C e n-n$ n. II \\ Prof i-r <9c OverlTeoaV Ij \v / nc/oc'mg yy e <913 Ralph F Gooch,-Wash., D.C T‘ HE latter part of 1922 and the early part of 1923 were record years for sales of building hardware The building boom called for an Immense amount of fixtures of all kinds. Hardware plays a considerable part In the cost of anew house and if you are buying or renting you are paying for the hardware in your home. According to data of the United States Government, the materials that are cast and welded into building hardware account for 36 cents out of every dollar the maker of it receives. Labor gets 31 cents, and 33 cents is for profit and overhead, Including taxes. Three and six tenths cents is “the amount the maker would have to add to each dollar he now asks to cover a 10 per cent increase in materials. Three and one-tenth cents is the amount that would lie added for a 10 per cent wage raise. NEXT: Glass.

OILS LEAP FORWARD ON NEW YORK CURB MART Lago Petroleum Corporation Introduced to Financial World. By United Financial NEW YORK. Dec. 29.—The for ward movement in the oils In the curb in response to the definite turn in the industry continued today with unabated vigor and good run-ups were tecot ded. Prairie Oil and Gas at one time touched 254. up 14 points. Humble Oil was carried along on the move ment un.l went to 40%, up nearly two polnte Fractional gains were the order and what recessions occured were completely overshadowed by the major movement. The Independents as a group'were better. Anew Issue to day wa the Dago Petroleum CorIKiratton, a prospect, $2,500,000 auth orized shares capital stock of no pa - value. The company will undertake oil digging In South America. Industrial also acted better ami there was a recovery in Stutz to 9 as compared with the low of 6% }resterday.* Another new issue today was Corn Products Refrigerator Company’s 6,000,000 new $25 par common shares, when Issued. They opened at 81 and went to 31%. New York Curb Market (By Thomson & McKinnon) —Dec. 29—< —Closing— Bid. Ask. Acme Packing 5 7 Curtis Aero, com 10 13 Curtis Aero, pfd 35 43 Goldfield Con 5 7 Jumbo Extension 3 6 International Petroleum .. 21 H 22 % Nipissing 6 6 H Standard Motors 2% 3 Sait Crek 21 >4 21 % Tonopah Extension 1 % 1 H Tonopah Mining 1 % 1 % United P S new 7Vi 7 _ U. S. Light and Heat.... 75 85 U. S. Light and Heat pfd . 1 % 1 % Yukon Gold Mine Cos . . . flO 70 Jerome 1 % 2 New Cornelia . 15% 16% Uniti-d Verde 27 27 % Omar 011 32 S8 Standard Oil Ind 66% 67 Standard Oil Ky 108 109 Prairie Oil and Gas 250 251 Chicago Stocks (By Thomson & McKinnon) Open. High. Low. Close. Dimd Match .119 119% 119 119% Natl Lea new 2% 2% 2 2% Lib McN new 444 5 % 44i 54, Mont Ward.. 24% 24% 21 24 Pick 21 21 % 21 21 % Bassiek 35 % 36 35 % 36 Swift & C0..102 102% 102 102% Swift Inti... 20% 20% 20 20 Stew Warner. 90% 90% 00 90% Union Carb. 55% 55% 55% 55% Wahl 38% 38% 37% 38% W rig >y 39% 39% 39 39 YgUow Taxi. 62% 62% 62 62 Dressed Beef Prices Wholesale selling pnees on dressed beef. Swift A Cos.: Ribs—No. 2. 30c: No. 1. 17c. Loins—No. 2,23 c: No. 3,18 c. Rounds— No. 2. 20o; No. 3,15 c. Chucks—No. 2. 18c; No. 3. IQc. Pile—Ni>. 2. 8c; No.

TILE INDIANAPOLIS TIMES

HOGS STEADY IN ! WEEK-BID TRADE Cattle Close Active Session 25 to 50 Cents Higher, Hog Prices Day by Day Dec. 260-300 lbs. 200-226 lbs. 160-180 lbs. 21. 0.99,® 7.00 6.80 fy 6.90 6.76® 8.60 22. 7.00<0 710 6.90(0 7.00 6.85® 6.90 24. 7.40® 7.60 7,35® 7.40 7.25® 7.30 CO. 7.35® 7.40 7.30® 7.36 7.26® 7.40 i 27. 7 25® 7.30 7.20® 7.25 7 15® 7.20 i2B. 7.30® 7.36 7.25® 7.30 7.25 j 29. 7.30® 7 35- 7.25® 7.30 7.20® 7.25 Witn 10.000 hogs received, and an j active market, hogs closed the week | steady at the local livestock exchange j today. Light hogs brought $7.20 to $7.25. Mixed porkers ranged from *7.20 to $7.30, while heavies brought around $7.30, witn good specimens bringing as much as $7.35. The bulk of sales ran the gamut from $7.20 to $7.30. When the hog market looks lower receipts are curtailed and an active market is the result. This has been the condition during the past week, oid time market men declared today. About 200 cattle were received today. Demand waa strongest today, I as during the entire week, for good handy weights. For the week the cattle market was 25 cents to 50 cents higher, except on undersized cows, which brought $4 and down. Bulls were steady at $5 to $6. Bologna bulls were $4.25 to $4.75. In the calf alley receipts were 300. Top was $ ! 4.50. Market was steady to oO cents lower. Bulk of sales ranged from $13.50 to sl4. There was not much activity in the sheep lane. Receipts were only 50. Market was quotably steady. Lamb top was sl3; sheep top $6.

—Hoes— Choice lights $ 7.20® 7.26 Light mixed 7.25® *.30 M*xiiiim mixed 7An 4t ■39 Heuvywrigl- Is 7 30® 035 Hu’.k of Biles 7.V.0© •-30 Top 7 35 0 25® 0.75 Packing sows 6.00® 6.50 —Cattle— Few choice steers $10.00®11.25 f’rhp" i-ort, fed steers. 1.000 to 1,800 lbs 9.00*8 9.50 Good to choice steers. 1.000 to - l ino lbs 8.60® 900 Good to ch-fice steers, 1.000 to 1 200 lbs 7.50® 8.00 Good to choice steers 1.000 to 1.700 lb 6 60® 7.50 Common to medium steers. 800 to 1.000 lb* S.V(O® 700 —t ows snd Heifer* — Good to l’trb.t heifers $ P.OO 10.00 Good heavyweights 7.25® 900 Medium heifers 6 Ml® . .5 Common cows 3 ( 'o'o 6.00 Fair cows .....’ JJBO® ‘-o'* Cutters J i i Fanners - ~‘>® 3..5 —Balls— Fancy butcher bull* $ . Good to eUo’o-e butcher bulls. j. OO® 0.60 j lioiogna bulls . 4.25® 4 ,5 —Calve#— Choice vea's $1 2 .014 50 i Good veals ' Lightweight veal* 2 £ k Common heavt## .nn® 7.00 Top li-M —Sheep and Lamb*— Extra choice limbs ?1 qoniirn Girofi to choice 4 r - f J -JJjJ Coils 300

Other Livestock CHICAGO. Dec 29—Hogs-— 10.000. market 5c to 10c higher: top. 7.25; bu’k s6.9o*' 7.20: heavyweight. $707 25; medium, $6.95 0 7.20; iights. $6 650 7.10; i,-lit lights. *6.5007: heavy packing, -.month. SHSOHH.7O: packing sows, rough. 40.25® 6 50: killing pig- $5 2506 30. Cat- : Rvceintc. 1.000 market, compared last i week . Yearlings and better grade handyweight heef steers, strong. others nnd I weighty matured steers. 13c to 25c lower; ; top yearlings, $1175 best matured -tixrs. sll stock'rs an-l feeders s ow, manner-* and -■utters stcad.\ to 25c higher: bulls 00c higher veal *-alvcs $7 V- $2 30 higher: bu’k pnes Beef steers. $7.75010: Stockers -.nd feeder-. $6.25 If 6.70: butcher cows anil heifers $4.50 0 6 76: earners and cutters. $2 650 3 50: veal calves $10011.50. Sheep —Receipts. 2.000: market str t/ly: large per-eent-igo direct: compared with last week: Fat lambs and yearlings 25c to 50c higher; feeding lamb* 2Se higher: sheep steady, strong: top (at lambs for week. sl3 50 I Isist feeding Samir*. $12.50. hulk t.rices, k t iambs, sl3 i-f 14 yearling wethers. $10.70® ,11 teed wethers, $7 5000: fat ewe*, $6.25 '<(7 25: feeding lambs. $11.75012.25. KANSAS CITY. Dee 29.—Hogs— Receipts. 6 500 market, strong to 10c hi her: park ere and shippers. $6 90: hulk d-airablr 220 to 300-pound averages. $6.836(6 90 170 to 210-pourid averages. $0.60® 6.80 135 pound averages $0,25. Catth—lV-erlpts. 300: calves 100 for week de-.rab> - ,1 steers and yearlings steady to strong: weight* kind weak: low priced sb-ers selling helow 7.25 Steady weak top weighty steers average 1 300 pounds $lO ‘5 best yearlings $9.75; better grades she-stock 35® 75c hie}, fT s:-ots more eanners and cutters I.si<( 25c higher: bulls 15m higher heavy and m-dium-weight calves 75c® $1 higher; stockers and feeders ste.ly hulk prices: abort fed steers. ,$7.50"' 0.50: beef cows S3 75 0 5.50: eanners and cutters. $2 2503 50: bull* $3 75® 4.25: veals. $8 50 09 50 week ton $10: stockers and fe-ders. $0 0 7.25. Slicep—Receipts. 500: foe week: lambs around 50c higher: top <lO 90 fed offerings $12.60® 12.75: sheep 500 ■ c higher: top ewe*. $7.75, other fat lots . mt’v around $7: feeding lambs general 1- ... higher: bulk. sll )1 7-S HAST ST LOUIS. Dec 3fl. —Cattle—Re celpts 100; market beef steer*. 25c lower; others 25c higher, compared to week ago; native beef steer*. $6.75189: yearlings and heifers $6.50 0 8 50; now#. $4 0 5.50: canners and cutters. s'3 350 3.25: calves. $9.50 @l3: stockers and feeders, $3.5005.10 Hogs—Receipts 8,000; market 5c to 19c higher- heavy $7.0507.25- medium. 57 0 7.25: lights, $8.6007 20: li-rht light*. s6® 1 10 packing sows 95 90®0.25; pigs, $5.60 0 6 25; bulk. $707 25. Sheep—Receipt*. 300; market nominally steady ewes, $4 0 650: eanners Mid cutters, $104: wool lambs, sll @l3. EAST BUFFALO. Dec. 29.—Cattles—Re celpts, 175: market alow, steady: shipping steers, $0011: butcher grades $7.7509.25: cows, $1.50®4.50. Calves—Receipts, 150; market active, steady: culls to choice. s4@ 13. Sheep and lambs—Receipts, 4,600: market slow, steady: choice lambs. sl3® 13.25; nulls to choice. $7.50012.50; yearlings, $7 011; sheep. $3 08.50. Hogs—Re celpts. 5,000; market steady: yorkers. $7.25 @7.50: pigs. $707.25: mixed. $7.50; heavies. $7.50; roughs. $6 @6.25; stags, $3,50 0 1.50. PITTSBURGH, Dec. 29.—Cattle —Receipts Hrht, market steady: choice. $9 50 010; good. $8.40@9; fair $6 0 7.25: veal calves. $14.50015. Sheep and lambs —Receipts light, market steady: prime wethers. $7.50 @7.75. good, $707.25; fair mixed, $5,500 6 50: lambs, $lO 013 50. Hogs—Reeeijits, 20 douVjle decks; market higher: prime heavy. $74007.50- mediums. $7 6007.65: heavy yorkers, $7.60 07.75: light yorkers, [email protected]; pigs, $6.76®7; roughs, $5.50@0; stags. $3. CLEVELAND, Dec. 20.—Hogs—Receipts. 2,000; market 15 0 ‘2sc higher: Yorkers. 57.50; mixed, $7.50: medium. $7 50; pigs, $7; roughs. $6 stags, $4, Cattle—Receipts 100; market steady, unchanged. Sheep and amhs—Receipts, 1,000; market slow; top. $1325 Calves—Receipts, 100; market steady: top. $14.50. CINCINNATI. Dec. 29—Cattle—R svipts, 250; market steady: shippers. $7.50• 9.25. Calves—Market $1 lower: extras, sl3® 14. Hogs—Receipts. 2,000: market steady: good to choice packers. $7.45. Sheep—-Receipts, 100: market steady: extras. $4.50 @5.50. Lambs—Market steady: fair to good $12.50 @l3. In the Cotton Market By United Financial NEW YORK, Dec. 29.—The cotton market opened steady. January. 36.15 c: March, 35.80 c up 16: May. 36.96 c. up 9. Open. High Low. Close. Tanuaiw 35.15 35.25 34.00 35.09 March 35.80 36.85 35|38 35.38 May i. 35.90 35.98 35.50 36.52

200 TO ATTEND DINNER i Indianapolis Hoys’ Club Guests at Entertainment Two hundred boys and girls of the Indianapolis Boys’ Club will be entertained at a dinner tonight at the Lauter Memorial building. Market and Greeley Sts. The dinner is being | given by Thaddeus P. Rhodes, Georgiana, Ala.. who has given | dinners to Y. M. C, A. boys for | several years. I Harper Ransburg will be master ! of ceremonies. Amon x thcyie invited ■ are Mayor Lew Shank, C. E. Book- ! waiter, Charles W. Jewett and R. Walter Jarvis, a director of the club. Frank C. Jordan is president.

ABJECT POVERTY THREATENS STATE FOR NEXT MONTH ‘Everything Going Out and Nothing Coming in' Is Lament, The State treasury is again becoming “broke.” With the monthly payroll of $135,060 and vouchers on Indiana University for $17,000 due Jan. 2, guardians of the State money chest again were wondering today. Records of the State auditor’s office showed a balance in the general fund of $156,461.13. There is due from eight counties which have not yet sent in their December settlements, only *21,939.37. Other drains on the general fund are expected in the meanwhile. State insurance fees, amounting to approximately $1,000,000. will not come In until the latter part of Feb ruary. nearly two months ;,fter it is expected the State til! will be empty. The State Auditor's office believes The present status of the State debt is another bank loan w.U be required $3,990,000. all of which is against the general fund with $2,500,900 bank loans. $340,000 Purdue endowment fund. $400,900 to auto theft fund, $750,000 to benevolent fund. The December settlement money of county taxes due the State, which s designed to carry cost of State operation until the June settlements are re reived after June 30, has already been spent.

G.O.P. CALLED BY WALB ID SETTLE M’CRAY PROBLEM State Chairman Asks Support in His Request for Resignation, The Republican State committee ! will hold a formal meeting at the Severin next Wednesday in an effort to determine the attitude of the party toward Governor Me'ray. The meeting will be the second official session of the committee on the McCray matter and it com* s as the culmination of a number of informal conferences. Clyde a Waih, Republican State chairman, who called the meeting, will put squarely before the committee his statement demanding the resignation of the Governor. He will ask the committee to go on record as upholding him iri his action. He expressed the opinion that the committee will support him. If it doer not. he is expected to resign That the action of the committee will not be unanimous was made ob vlous by the concluding conference at the Severin last night. The meeting was called following the confer ' enoe. | Senator James E. Watson attended j the conference. Numerous other Re publicans were present, either in the conference or about the hotel. Included in th‘4r numlier was Joseph B. Kealing, national committeeman from Indiana; Edgar D. Bush, Salem, for mer Lieutenant Governor. All the members of the State* r*omrnltteo attended tho conferences exoept Lloyd Gates. Columbia City, Twelfth di.stri- t chairman, and E. M. Morris, South Bond, Thirteenth district chairman.

Business News

NEW YORK. Dec. 29.—American tndustry and business has surmounted most of the obstacles in its path and has a clear path ahead for 1924. Charles M. Schwab, chairman of the Bethlehem Steel Corporation declared. “We have surmounted most of the obstael s we encountered in the past year and the country is on a sounder eeonorni'' basis than at any time since the war." he said. LONDON—German cabinet is considering; a plan of American engineers whereby the German state railways will bo converted into a private international company, capitalize,) at $250,000,000. to be provided by J. P. Morgan & Cos , J. Henry Schroeder & Cos.. Banquo tie Paris and Pays Bas and tho Deutche Bank The German cabinet is Intensely interested in the project, because this is the first sign of “ready money” and is looked upon as a possible opening wedge in settling reparations. NEW YOKK —At the offices of J. P. Morgan & Cos. it was denied that they are In any way interested in the plan for forming an International company to take over German state railways. Tank Wagon Prices (Gasoline price# quoted do not include State tax of 2c a gallon.) GASOLINE—Energee, 160 a gallon; Puroi. 12.2 c) Red Crown. 12.2 c: Target. 12.2 c; Silver Flash, 16c; Standolind aviation. 1.0.05 c. KEROSENE—Crystaiine. 10.76 c; Moore Light, 15c; Perfection. 10. Tho. NAPTHA—Lion Power cleaners, 25.1 c: V. M. A P.. 22.1 c, Standoiintl cleaners. 22.0 e. Raw Sugar Market By United Financial NWE YORK. Dec. 29.—The raw sugar market opened dull. January, 6.16 c bid; March, 4.47®4*48e. Cloverseed Market Local dealer# are paymglMfc® 12 a buah-

Y. M. C. A. LEADER DENOUNCES KLAN BEFORESTUDENTS / Volunteers' Convention Told' Whole World Is Torn by Strife, “We face an insurgent world. Revolution Is astir. Mankind is torn with strife —National, racial, and industrial." Thus Sherwood Eddy, associate : general secretary of the Y. M. C. A. i international committee, addressed this afternoon's session of the ! "Student 'Volunteer Movement,” at the Cadle Tabernacle. Eddy recently , returned from a tour of the world | in a study of the industrial situation. “On my last trip, extending for | more than a year through tiventy-one ; countries, across Asia and Europe, I found in almost every land unmistakable signs of social and intellectual ' unrest,” he said. "I have just returned from Russia, where I have seen the effects of a 'class war,' in which hundreds of thousands perished In the red terror, to find our own united commonwealth of America now in the beginning of what must lead to a class war on the part j of the Ku-Klux Klan. Strife in Indiana In Indiana, in Ohio, in certain other States, l have found well meaning Protestant ministers and laymen leading in this movement against the Jew, the Catholic, the negro, the foreigner and the liberal. We owe more to the Jew than to any other people in the world, more even than to the Greek or Roman. And to one member of that race, we owe more than to all the rest of humanity combined. Can we in the -uirit of Jesus start a campaign of racial and religious hatred :gainst the brethren of our Lord according to the flesh? “I found Protestant Christians also starting a camps gn of hatred and of falsehood against the Catholic, nendng boy scouts and members of the Sunday school from house to house ; circulating that false and bogus oath wh ch they have attr buted to the !<n gilts of Columbus, and which they do not and never have used. "Invisible Empire” Denounced. “I found in one city the poor necrose arming by hundreds with cheap revolvers in deadly terror aga nst this 1 campaign of racial and rel g.ous Class war, led by Protestant followers of the meek and lowly Jesus. “The Klan members say they are not against any one, but by their fruits ye shall know them, and by the blood that hits been and will lie shed must their work !>e Judged. I know many good men w'ho are members rs this Klan and have done some good things. Nome of them are my friends. But I ran not 1 relieve in this moveI went with its denial of democracy by an ‘lnvisible empire.’ its dictatorship, its secrecy, its racial supremacy and class war. which Is the utter denial of brotherhood. I say this with sorrow. looking into the faces of my friends in this very audience who are members of this secret organization. Russia Challenge “Jesus challenges your purposes of going out to 'make money.' He chal- . let your right to take more from the community than your service is i worth. Are you goin to turn the world upside down, or slavishly conform to the old order of Mammon? “With all Its own faults, Soviet - Russia today stands as a warning and challenge to the rest of the world j wherever capitalism Is ruthless, ! wherever there is monopolistic ex--1 ploit ition of natural resources for t.h>profit of the few. regardless of the : welfare of the many, wherever busl- ■ ness and industry are conducted solely for private profit rather than for j public service. Russia stands as a political, social and industrial chali engo to ill! the world, wherever races, i nations, colonies or classes are conj quered or exploited.” Dr, Robert U Speer, chairman of the Federal Council of the Churches -*>f Christ in America, also spoke. A mass session will begin at S p. m. at • Cadle Tabernacle. Sunday morning's session will convene at ID a. m. Denominational meetings will be held Sunday afternoon. Dr. Willis J. King, colored, of Georgia, was one of the principal speakers Friday night. The Way of Jesus "Human personality must be held more* st. c red,” asserted Dr. TClng\ colored. “Must there be hatred and spilling of blood forever? I would suggest a more excellent way. It is neither new nor original with me yet !t has never been tried ort any broad scale in the matter of race relationships. It is the way of Jesus.’ “Wo must recognize that each group lias a distinct contribution to : he made to the total life of the human j race.” Politician Is Scored Dr. Y. Y. Tsu of China scored the ; American politician who stoops to per- ! sonnl attainments. He said there ' would be a gradual vanishing of raco prejudices and hate if the instincts 1 and principles of Jesus Christ were ' permitted to enter the lives of men. Respect for international agreements was emphasized by Sir Newton W. Rowell, Iv. C., president of the privy council of Canada. “There can be no real basis for permanent peace until we have sanctity of national agreements," said Rowell. MORE MONKEY BUSINESS Police Told Animal Is Frolicking Over Housetops op North Side. More monkey bumess! Police received a report today that' another monkey had escaped and was ' frolicking on roof tops of peaceful homes in the neighborhood of TwentySixth St., and Ashland Ave., today. In every sense of the word tho monkey acted like its i-elatlve who entertained Park Ave. resident a few weeks ago, it was said. Residents in the neighborhood denied any knowledge of the animal, however, and expressed the opinion the only “monkey business" was that - ' - - *

CHURCHMEN MOVE TO HARMONIZE TWO OPPOSING FACTIONS Fundamentalists and Modernists in Episcopal Denomination Confer to Put Down Doctrinal Differences Over Virgin Birth,

By United Press NEW YORK, Dec. 29.—The first important step in the movement to harmonize the dispute between fundamentalist and modernists in the Protestant Episcopal church was under way today. As forecast, churchmen, believing the entire program of the church, including its financial support, may he gravely endangered, started a strong movement to put down the differences which have threatened to “rend the church to its very foundations.”

LLOYD GEORGE ADMIRES AMERICA (( ontinued From Page 1) ' at least they seem to be two different ! types. The stern and severe Puritan | general has .apparently nothing in j common with the genial and occasioni alii' rollicking temperament of L:n----j coin. It is only when you hear of ! Stonewall Jackson romping with the : little children in the houses where he was quartered during his campaigns that you understand what a j gentle creature there was under- | neath that fierce exterior. That puts him in *he same exalted order as Lincoln, a lover of mankind with special tenrteynos.s for the weak. He was as clean from hatred and revenge as Lincoln. Fundamentally, also, they were both religious men with tender hearts, although one loved God according to strict rules and the other without measure. Revere I*ee I was never more impressed with ; the potency of Stonewall Jackson's personality than I was during my conversations at Richmond w-ith soma of the survivors of the Civil War. I had the privilege, which 1 greatly prized, of talking to fully seventy ! of these veterans. When General ; Lee s name was mentioned, it was with tie: hush and solemnity which betoken reverence. On the other hand. Stonewall Jackson s name evoked notes of intense affection as xvell as ; admiration. Lee is a divinity, Jack--1 son is the hero. I asked one old Confederate veteran, w'ho had served under Lee and worshipped him. “Do you remember the dearii of Stonewall Jackson?” “Oh, j “s,” he replied wrth a break In his v dee. “When we heard of it we all cried like children?’ I asked another fine old soldier who had served under Beauregard what was the effect of the news of ; Jackson’s death on the Confederate Army. “Oh.” he replied sadly, “we thought it was all over." Then he added, , “We never won a battle after he died.” I asked him what was the secret i of Ills power. “Stonewall" In a Pinch "Well,” he replied, “if the Confederate soldiers were set to a task which looked to them impossible, and were, therefore, Inclined to shrink i.urn it, the moment they heard it was an order from Stonewall Jackson, they | said, 'Oh, It's Old Jack —that's all j rightl' And they went straight for -it and always carried it through.” But the most touching proof I had of his hold on his men was when I : talked to an old private who had served under him. When I asked nim, "Do you remember him?" he could not answer, for his eyes filled and his face became convulsed with tears. That was my answer. What a man he must have been to produce these emotions on a humble soldier to whom he probably never spoke—sixty years after his rugged face had oeen hidden in the tomb! 1 was anxious to visit the scene of his amazing campaigns in “The Val- ' ley," and my hospitable Virginia friends would have gladly shown me | around, but news from England made i It impossible for me to prolong my | stay. Visited Battlefields I counted myself specially fortunate in my journey through the battle- ! fields around Richmond that I had ! the guidance of so competent an hisj torical student as Doctor Freeman. Secretary Weeks was kind enough himself to show me over the battleground of Gettysburg, where the fate of the Great. Republic was decided In a memorable three-day struggle. Mr. Weeks has made a special study of the Civil War, and he knew every maneuver in the great battle and every idivision and captain who took part in the fight. His explanations have therefore exceptional value and Interest. Lee’s stupendous blunder in attacking over open ground a stronger and better equipped force, entrenched on the heights, leaves* you wondering • whether even the greatest men are ‘ not blind agents of Destiny, and have i to obey when the order comes from i beyond the veil. There is no rational ! explanation of Pickett’s charge, or- j dered by Lee. The time for arresting ! the tise of Southern victory had ar- j rived. It hod served its purpose—hence the blunder of Gettysburg. Can j anyone provide a more satisfactory ! reason for the stubborn folly of a man ! of genius, who would not be deterred ! by advice, remonstrance, of protest j from his headlong plunge Into staring disaster? “Hope of Mankind” < I came back more convinced than ever that the hope of mankind In the Immediate future depends on the elxtent to which the tw r o greatest commonwealths on earth can be per- ; suaded to work together in world af 1 fairs. I know everything that is to ' be said about America not being An-glo-Saxon. Neither are the British Isles, and the British Empire has a greater variety of races and tongues than even the United States of America. All the same, the Empire is governed by the same mixture of Celt, Teuton and Norseman that America. The identity of the language must lead to an absorption of *,.„ ... er- i" *Vn

Bishops of several Eastern States and prominent laymen, representing both those holding to the belief in the Virgin birth of Christ and those opposing it in an effort to “bring religion up to date” met Friday and discussed details of a program to end the war. The meeting was in the home of George Zabriskie, lawyer chancellor of the diocese of New York. “We believe the right solution of difficulties within the church will be found not in controversy, but through conference,” a statement issued after the meeting said. The list of those attending the conference included: Bishop Manning, of the Episcopal diocese of New York; the Rev. Dr. Fosbroke, dean of the General Theological Seminary; Bishop Perry, of Rhode Island: Dr. Leighton Parks, rector of St. Bartholomew's Church: Bishop Brent, of Western New York: Dr. Washburn, dean of the Episcopal Theological School at Cambridge, Mass.; Bishop Brown, of Virginia: Bishop Lawrence, of Mas sechusetts; Judge Hand of the United States District Court, and the Rev. Reese, bishop coadjutor of southern Ohio. It was noticeable such prominent modernists as Dr. Stuart Tyson, vice president of the modernist church men's union; Dr. Guthrie, rector of St. Mark’s-in-the-Bouwerie. and Dr Percy Stiekney Grant, were no; among those in attendance.

of the people. The same literature in the end means the same ideals. In the course of years, Shakespeare, Mil ton, Bunyan and Wesley will count more than Lafayette qnd Rochambeau. The influence of the former enters more and more into character, and that is what determines the destiny of a people. Os British Stock All the greatest men of America are of British stock, and their ideals and lives were fashioned by the teachings of the same prophets and priests whose thoughts were conveyed to America through the medium of the same tongue as influenced the minds of the great leaders of Britain. Today British literature flows naturally into American channels, and American literature in an ever-increasing flood is pouring into British channels. The association between the powerful Protestant churches on both sides of the Atlantic is becoming every year closer ard more intimate. The fact that over two-thirds of the of tho States receives the same,spiritual training as' the people of Britain not only weaves bonds of brotherhood between them but must have its effect in giving the same direction to the outlook and vision of the two nations. Memories of outrages perpetrated by a king on the road to insanitj' have too long kept these two mighty na tions apart. The oppression of Ireland kept these memories alive by giving a sense of continuity to tho policy of wrong. These wrongs art* all now dead and buried. There is no sense in artificially keeping alive the evil passions they germinated. They have ceased now to have any political significance or value, and therefore there is every prospect that they will be allowed to subside. The peace of the world Is at stake. It is' a question of the path along which the human raco elects to travel. One leads to peace, prosperity and unlimited progress. The other leads to bloodshed, desolation and infinite ruin. American and Britain together can shepherd the world along the right course.

RAiBS HADE DEI COLORED SECTION Arrests Follow Booze Evidence in Shaw Trial. Following the announcement of Prosecutor William H. Remy that statements of witnesses in the murder trial of John T. Shaw last week that they had bought liquor on Indiana. Ave., would be investigated, police and Criminal Court Investigator Claude Worley today held a white man and six colored persons on liquor charges. The officers in two squads raided several places in the colored district. ( Those arrestod: Fred Brown, colored, 1434 N. Capitol Avo.; Tim Hester, colored, 84S W. Walnut St.: lister Conway, col ered, 347 Indiana Ave.: John and Emma Tedford, colored, 420 N. Senate Ave.; Frank Milton, colored, 2630 Indianapolis -Yve., and Elmer C. Wood ruff, Stubbins Hotel. Volunteer Delegates Are Guesfa Delegates *o the Student Volunteer Movement convention were the guests Friday noon of the women of the Presbyterian Church, Pennsylvania and Vermont Sts. Miss Leslie Blanchard, chairman North American Student Council, presided. Talks were made by delegates. Sue-hen Postpones Meeting Edward O. Snethen, president Indianapolis Federation of Community Civic Clubs, postponed the executive meeting of the federation scheduled at his office Friday night until 7:30 p. m Wednesday In oflSffie, 416 Indiana Trust building, because ■■ flr..ijjsMlniili i ’W.li 'il l7* n in ii

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