Indianapolis Times, Volume 35, Number 199, Indianapolis, Marion County, 2 January 1924 — Page 9

WEDNESDAY, JAN. 2, 1924

fllfi AND MOTORS FEATURE ACTIVE 1 Market dealings r [Strong Tone Is in Evidence as New Year Trading Gets Under Way. The WALL STREET JOURNAL NEW YORK. Jan. 2.—Trading for the New Year in the stock market got tnder way today briskly stimulated >y canvasses over the holiday showng that the tax redaction program vas sure to win and that the soldier •onus measure could not be passed • ver the President’s veto. Another constructive factor was Secretary Mellon’s expression of confidence reraiding continued prosperity in 1924. Oils and motors featured the 'ndus trials at the start, Texas Com ruiny and Maxwell “A" reaching new ighs on the movement. First Hour A strong tone characterized the first tour except for pressure on Davison Chemical due to reports it was being liscrtminated against as brokerage loan collateral. General Motors new high on the current movement was followed by a substantial gain in Dupont. There has been more public buying over the last week or two than at any time since March largely (due to end-of the-year funds seeking investment. Coppers displayed most impressive group action of recent months. Second Hour Stocks had to contend with anew kind of tax selling in the late morning. These offerings came from traders whose speculative holdings had shown losses which they refused to take last year because they would have been subject to the 1923 tax laws. In view of the bright outlook for the success of the Mellon plan theso traders took the first oppor tunity in the new year to realize the results of their shrewdness in picking the turn of the market at the end of November. Noon Hour Tax loss selling operations created considerable irregularity around noon which, however. was offset by .strength in the coppers, the North western rails, the rubbers, fertilizers, marine shares to establish tax losses before the close of 1923. Atlantic Gulf was an exception in the shipping class, dropping to 14 s * against Mon day’s high of 17%, reflecting the re ceivershlp proceedings against its subsidiary. the Ward Dine. Fourth Hour Trading in the early afternoon was marked by conflicting tendencies, but the undertone continued good and further gains were scored in several sections of the industrial list. A feature was the sharp upward movement kin Maxwell “A” which spurted to '52%, a gain of more than four points from Monday’s low. For 1923 Maxwell will show about sls a share on “A” stock. No necessitous selling was in evidence among the leaders, leaving the general tone as a whole very encouraging. Twenty active industrial stocks on Monday averaged 95.52, up 29 per cent. Twenty active rails averaged 80.56, up .24 per cent. Local Bank Clearings j.idianapoli* hank clearings Wednesday were 54.745.000; hank debits were $7.- ; s.noo. New York Money Market By l nited Financial SiiW YORK. sn. 2.—Time money. 5 to 5 % per cent. Commercial paper, prime i„ mes 4*i to 5 per cent Cali money. 5<4 per cent. Foreign Exchange l-■ L nited Financial NEW YORK Jan. 2 Foreign exchange opened lower; Sterling demand. $4.29 % ; cables. 54 29% Francs, demand. 5.00 c: cables. 3.00 'jc. Lire. demand. 4.29 Me. cables. 4.30<-. Belgian demand 442 We; cables. 4.43 e. Marks 4 trillion to the dollar. Czeebo. demand 2.91 %c-5 cables. 2 92c. Swiss demand. 17 .'l9c; cab’es, 17 41c. Guilders demand .17 8 cables. 3“ 83c. Pesetas, den;a' -1. 12.78 c cables. !2 80**. Sweden, demand 28 38*’ cab'es. 20 40c. Norway demand. 14 44*- cables, 1 J 4Re Denmark, demand. 17.58 c. cables. 17.02 e.

CURB MOVEMENT TURNS HEAVY TOWARD MID-DAY High-Priced OiLs I>ose While Pipe line Issues Show Strength. By United Financial NEW YORK. Jan. 2.—The forenoon curb market today failed to carry on with its recept forward bulge and the movement wa.* heavy and irregular under profit-taking. The high priced oils in some instances showed large iosses while others, including a number of the pipe lines, picked up. Standard of Nebraska broke 15 points to 220 while Prairie Oil and Gas, after being off 5 at 259, recovered to 262%. South Penn was off 6. On the other hand. Prairie Pipe was up 1, Indiana Pipe 1%. Illinois Pipe 2, Penna. Mex. 1, Solar 3, and Southern Pipe 1%. Vacuum lost 1% while Gulf Oil of Pennsylvania was carried off 2% on news of new financing. Standard of Ohio was up 1. Independents were sluggish. The industrials did little, but there was a pickup in Stutz Motors of 1 point to 10%, -while Durant was off 1. Other movements were mixed and confined to fractions. Corn Products newgained % to a new' high of 32, equivalent to 160 for the old'stock on the big board. “Burglar” Wins Sympathy “Just missed a car,” was the explanation given Emergency Sergt. Ralph Dean, by a “late leaver,” who caused neighbors to think a burglar was in the John G. Sc had grocery, 5941 College Ave., early tooay. Dogs barked when the man sought shelter (from the cold in the grocery doorway. Tank Wagon Prices (Gasoline prices quoted do not inciude State tax of 2c a gallon.) GASOLINE—Energce. 18c a gallon; Parol, 14.2 c: Red Cnwn, 14.2 c; Target. 14.2 c; Silver Flash, !8e; Standolind aviation 19.08 c. ( KEROSENE—Crystaiine. 10.76 c: Moore light. 15c; Perfection.) 10.76 c. NAPTHA—Lion Power cleaner*. 25.01 c; 7 M * P.. 20.010, | Btandoiind spacer* lO.Ole

New York Stocks *By Thomson & McKinnon! —Jan. 2

Railroads— Prey. High. Low Close. close. Atchison 97% 97% 97% tl B& 0 59 % ... 59 59 C & O 71 % ... 71% 71% C & N W Ry 50% .. 49% 50% C R & P... 23% 23% 23% 23% Erie Ist pfd. 29% ... 29% 29% Gt North ptd 55% 54% 55% 54% Lehigh Valley 81% 61 61% 60% •N y Central. 103% ... 102% 104% Nor Pacific.. 52% 52% 52% 52% P-Marquette. .41 % ... 41 41 % Reading 78 ... 77 % 77 % Sou. Railway 30% 38% 38% 38% Sou Pacific.. 87 % .. . 87 87 St Paul pfd. 24% ... 23% 24 U Pacific. . .128% ... 128% 128% Wabash pfd.. 35% ... 35 35% Rubbers— Kelly-Spr. — 32% ... 32% 32% U S Rubber.. 38% ... 37% 37% Equipments— Am. Locomo 75% ... 74% 74% Baldwin L0c.125% ... 124% 125% Lima Locomo 67 ... 68 Vi 87 Pullman ....122 ... 122 122% Westingh El. 60% 60% 60% 00% Steels— Bethlehem... 53% ... 53% 53% Crucible 67% 66% 68% Gulf States.. 83Vi .... 82 83% R. I. A- Steel 51 % 51 % 51 % 51 U. S. Steel... 99% 98% 99 99% Motors— Am B. Mag.. .36 ..... 36 35% Chandler M . 66% 66 66% Gen. Motors 15% .... 14% 15 Max. M. (A) 52% 49% 52% 59% Max. M. (B) 15 13% 15 13% Studebaker ..106% 106 106 107 Stromberg;. ... 79% 79% 80% Stewart-W 91% 91% 91% 91% Timken .... 39 % .... 39 % 39 % Willys Over... 11 10% 10% Oils— Cal. Petrol.. 26% 26% 26% 20% Cosden 36% 35% 35% Houston Oil. 70 .... 69 71

GRAINS WEAKEN IN EARLY TRADE Selling Pressure Is Met After Opening Bulge, 9,/ United Financial CHICAGO. Jan. 2.—Grains got a strong start on the Board of Trade here today but later met selling pressure. Following the opening bulge, induced by unfavorable crop news from the Southwest, wheat encountered selling pressure when later advices declared snows had offset the cold snap in that region. In many parts of the Southwest, principally Kansas, subzero weather prevailed over the holiday and much apprehension was felt over the winter crop that had no snow covering. Corn opened higher but with selling lost early gains. Favorable weather for conditioning of grain and anticl pation of increased country movement kept buyers from taking a firm hold. Oats sold higher with other grains but later slumped under the same influences. Provisions opened irregular, ribs showing a decline and lard advancing. Chicago Grain Table —Jan. 2 WHEAT— ITev. Open. High. Low 11 :4 o. close. May .1.08 1.08% 1.07% 1.08 1.07% 1.08 % Tuly .106%107 %106 H 1.06 %100 % Sept .106% 1.06% 1.06% 1.06% ... CORN— May . .74 .74% .73% 73% .74% Tuly . 75 % .75% .75% .75% .73% .75% Sept. . .76% .76% .76% .76% OATS— May . .45% 43% .. .45% .45% 'u’y . .43% 43% .43% .43% .43% Sept. . .43% .43% .42% .42% CHICAGO. Jan. 2.—Car lot ro,*elp*: Wheat. 25; com. 293: oats 112: rye, 6. Local Wagon Wheat Ixv al mi a an t e evators are payin* $1 for No. 2 rrd wheat. SPECULATIVE ISSUES FEATURE BOND TRADE terra-I>e Pasco ’ Convertible Touch New High on the Move. By United Financial NEW YORK. Jan. 2. —Speculative Fsues featured the early bond *rading today. Cerro -de - Pasco convertible Bs. reached anew high on the move at 140, up 3, and Magma convertible 7s 112, up 1. B. M. & T. Cs, 71% a new high. Third Ave. adjustment 3s 44%, up %• Manhattan Elevated Railway consolidated 46%. up 1%. Market Street Railway 6 per cent nrtes due next April 97%. up %, a new high. Hudson & Manhanhattan refunding 5s 81, up %. D. $ It. J. first and refunding 5s lost % to 40. French 7%s 91%, up %. Mexican 5s 45%, off %. Coupons due on Denver & Rio Grande consolidated and 4%’s, 36 are row being paid.

Produce Markets

INDIANAPOLIS. Jan. 2.—Fresh eggs, os* oft, 33c: packing #to-:k butter. 27c; springs oxer 2 lbs. 19c; fowls. 4% lb*, up. 2tc: fowls under 4% lb#.. 18c; Leghorn poultry 25 per cent discount; cock#. 10c: stag*. 12c; capons. 7 lbs. up. 20c; young .tom turkey# 12 lbs. up, 27c; young hen turkeys. 8 lbs. up, 27c; o’.d tom turkeys. 20c: duck*. 4 lb#.. 18c; geese. 10 lbs. up. 17c; squab#. 11 lbs. to the doz., $5.50: young guineas. 1 % lbs. to do*.. $7; old guinea#, doz.. $5. Indianapolis creameries are paying 50c per lb. for butlerfat. CHICAGO. Jan. 2—Butter—Receipt#. 14.942: creamery extra. 54 %c; standards, 50c: firsts. 44% @47: second*. 43043%c. Zggs—Receipts. 7 284; ordinary first#. 35 @ 39c; firsts. 43c. Cheese —Twins, 21c: Young Amem® 23c. Poultry—Receipts. cars; fowls. 16024 c; ducks. 23c! geese, 17c; turkeys, 24c; springs. 21c; roosters. 13c. Potatoe*—Receipts. 205 cars: Wisconsin round whites 18.2501.50; Michigan round white#, $1.40; Idaho ru'rals, $1.60. NEW YORK. Jan. 2.—Flour—Dull but steady. Pork—Quiet. Mes#—s24.7s. Lard —Easy: mid-west spot. 13.150 13.25 c. Sugar — Raw, quiet. 7.0.jc: refined quiet: granulated. 8 70® 8.90 c. Coflee—Klu spot, 10% @10 7 *c: Santos No. 4. 150 15 c. Tallow —Dud: special to extra, 7% 08c. Hay— Sternly: No. 1. sl3 No. 3 $12013: clover. $11.50 0 12. Dressed poultry—Quiet; turkeys. 22 0 40c; chicken# 17045 c: capons, 25@45c; fowls, 13 029 c: duck#. Long Island, 20 030 c. Live • poultry—Quiet: geese. 22026 c: duck# 15030 c fowl*. 19 @2Bc :turkeys * 35 'a -, Bc: roosters. 14 1 '; chickens. 21®30c: broilers. 35040 c: capons, 35c. Cheese—Easy: state whole mil*, common to special 18028 c: state skims, choice to specials 15 018-jc lower grades. 56! 14c. Blitter—Quiet: receipts. 6.344: creamery extra 54 ,0 55 ■■, ■•: state dairytubs. 40 0 54c; Danish. 53 053 %c; Argentine. 410 48c. Egg#—Firmer: receipts. 17,721 nearby whites, fancy. 56 @ 57c: nearbystate white. 44@57c fresh firsts to extras. 42@50c: Pacific coast. 39 0 56; western whites 44® 51c: nearby browns. 52 @ 50c. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift & Cos.: Ribs—No. 3,30 c: No. 1. 17c. Loins—No. 2. 25c; No. 3,18 c. Rounds— No. 2. 20e; No. 3. 15a. Chucks—No. 2, 18c; No. 3.10 c No. 2. Bc, No. a. 7c.

12.46 Brev i-sigh. Log. 3. m close Marland Oil. 38 37 37% 38% PA Pete... 61 % 60 % 60 % 61 % P-A P -4lf . . 59% 58 Vs 58 Vi 50% Pro. & Ref.. 42 Vi 39 40 41% Pure Oil .... 24% .... 27% 24% S. Oil of Cal 64% 63 63% 04% S. Oil of N. J. 42 ..... 41 42 Sinclair .... 27 % .... 20 % 27 Texas Cos. ..44% 41% 44% * 14% Minings— Gt. No. Ore.. 28% . . . 28% 28%’ Int. Nickel... 14% 13% 14% 14 Coppers— Am. Smelt. . 60 58% 59% 59 Anaconda .. 37% 36% 37% 36% Kennevott . 35% 34% 35% 34% Industrials— Allied Chem. 71 .... 70% 71 Vi Am Can ...104% 104 104 Vi Amer Wool. 73% 73% 73% 73% Coca-Cola . 77% ... 77 77% Cont Can . . 56- . . 55% 56 Vi Davison Chm 06 03% 64 % 66% Fam Players. 71 % ... 70% 7) Gen Asphalt 40 . . 4040% Mont Ward.. 25% 24% 25% 14% Nat Enamel. 41% 41% 41% 40 Sears-Roebk. 87% 87 87 80% IT S C I Pipe 87 % . . 85% 67% U S Ind Aleo 72% 71% 72 71% I'tlitlles Am T and T. 125% 125% 125% Con Ga-3 ... 61 % ~, 60 % (II % Col Gas ... 35 Vi ... 35 35 % Shipping— Am Int Corp 24 ... 22% 23% Int M M pfd 31 % . .. 30 % 30 % Foods— Am Bt Sugar 41% 41% 41% 41% Corn Prod .157% .. 157% 157 Cn Cn Su pfd 63% 62% 62% 02% Cu-Am Sug. 33% ... 33% 33% Pur.ta Alegre 57 % . . 57 % 57 % Tobaccos— Gen Cigar... 96% 94 % 96% 96% Tob Prod B. 68% 68 68% 69% •Ex rites.

Your Dollar Uncle Sam Tells Who Gets It,

Q>RO OH5> // Ccn-rs -pro-p;-r6c x \ fl Labor' Overhead \\ fnc/cj(J"7<J \\ II ' —TbtesJ^-— ■— 4 rST CerrK J \V Kt a-Tc r- i<s \ 5 jj ©l3 Ralph F touch, \iath.,Dil OARDWOOD and stone floors with suction sweepers and ether patented cleaning devil e.. have not made the good old fashioned broom obsolete any more than the automobile has doomed the horse. Go Into any building of any description and you are almost sure to find there at least one broom. Brooms once were made by handanJ the labor was the greatest cost. Now machines make them and ma teriais are more than twice as great a factoi as labor In determining the selling price, figures collected by the United States Government indicate. Out of each dollar which the manufactuier receives, 57 cents goes foi materials. 20 cents for labor and 23 cents remains for profit and overhead including taxes. A 10 per cent wage increase to nrocm makers would add two cents ;o each one dollar in the selling price. A 10 per cent increase in materials would add 5.7 cents. Next: Auto Repairing. Indianapolis Stocks —Jan. 2 Bid. Ask. Am Central Life 200 Am Creoaoling Cos pfd 07Vi ... Belt R R com 70 ... Belt R R pfd 62 % ... Century Bldg Cos pfd 98 Cities Service Cos cow 140 144 Cities Service Cos pfd 67 09 Citizens Gas Cos com 28% 30 Citizens Gas Cos Did 100 ... Indiana Hotel com 100 ... Indiana Hotel pfd 100 Ind Nat Life Cos 8 ... Indiana Pipe L ite Cos 87 Vi 91 Indiana Title Guaranty Cos. . . 80 90 Indianapolis Abattoir pfd 50 Indianapolis Gas 49 50 Indp.s & Northwestern pfd. .35 ... Indpis & Southwestern pfd. ... 50 Indpla Street Rahway 48% 55 Indpis Tel Cos com 1 ... Indris Tel Cos pfd 90 ... M-r Pub Util Cos pfd 82 Nat Mot Car Cos 1 Pub Savings fns Cos 12 ... Rauh Fertilizer pfd 49 ... Standard Oil Cos of tnd 05% 87 Sterling Fire Ins Cos 9 ... T H I * h corn 1 4 T H I & E pfd 8 15 THT4I, C0p1d.... *5 05 Union Trac of Ind com 4 Union Trac of Ind Ist pfd. ... ... Union Trac of Ind 2d pfd.. .. 7% Van Camp Prod Ist pid 100 Van Camp IToducts 2d pfd. ... 100 Vandal ia Coa! Cos com 1 5 Vandalia Coal Cos pfd 8 12 Wabash Ry Cos com 10% 12 Wabash Rv Cos pfd 33% 35% Bonds Belt R R & S Y 4s, May, 1939 79 Broad Ripple ss. Ju’y. 1923.. .. 06 Cent Ind Gas ss, Sept.. 1931. 79 ... C Ind Pow Cos 6s, July. 1947 85 ... Citizens Gas os. July. 1948. 54% 80 Citizens Gas 7s . 100 Citizens St R ss. May. 1923. 79 80 Ind Coke & Gas os. Apr., 1948 88 91 % fnd Hotel ss. July, 1931.,.. 93% ... Ind Hotel Cos 2d (is, drawable 99 % ... Ind Northern 5s ... 2nd Ry & Lt ss. Jan.. 1943 . 90 95 Ind Serr Cor os. Jan., 1950 . . ... Ind Un Trac ss, July. 1930.. 30 ... Indpis Ab Cos 7%5. Sept.. 19.31 98% 102 indpis Coi & So 6**, Feb , 1948 96 100 Indpis Gas ss, Oct.. 1952.... 83 84% indpis L Sc H ss. April, 1940 95 96 Indpis & Mart os, Jan., 1932. .. 60 Indp'.s North ss, July, 1933.. 40% 50 Indpis Northwestern 43 47 Indpis & S E ss, Jan.. 1935. ... 40 Indpis A S E ss, Jan., 1932.. . . 50 Indpis St Ry 4s, Jan., 1933.. 60 65 Indpis T and T ss, Jan., 1933 80 Indpis Un By ss. Jan., 1905.. 49 ... Indpis Un Ry 4%5, May. 1020 95 ... Indpis Wa 5%5, March, 1953 04 96% Indpis Wa 4%5. Jan.. 1940. . 84 89 Inters Pub Ser Os, April, 1942 87 92 T H I & E ss, April, 1945. . 60 05 T H T and L ss. May. 1944 80 Union Traction 6s 61 06 Art Exhibit to Continue Thirty pictures by young negro artists, on exhibition at the colored Y. M. C. A. will be displayed until Jan. 13. William Forsythe spoke Tuesday afternoon, calling attention to arts In which negroes have shown talent, notably in music. DOG FOOT PRINTS TAKEN NEW YORK. Jan. 2.—A new method for checking the pedigree ji thoroughbred dogs must be credited to the Bertillon system of flngerprint.,ng. The imprint of the animal's paw* is taken when the pup is very' young and becomes part of the papers which t.ooompany the sale of a thoroughbred. The systom provides an adIt- method of learning the identity of animals that have strayed away or that have been stolen. The idea is not dissimilar to the one of taking the imprint of an infant’s foot xmmeciiately after birth si that, the proper identification may be made.

THE INDIANAPOLIS TIMES

DECLINE IN HOGS IS VERY SLIGHT Shipping Orders Prove Bolster Factor—Pigs Strong. Hoc Price* Oar by Day Dec. 250-300 lbs. 200 225 lbs. 150-180 lbs 27. 7.25'f 7.30 7.20 @ 7.25 7Dif j 720 28. 7.30(1 7.35 7.25® 7.30 7.25 “9. 7 -0® 735 7 25® 730 7.20® 725 31. /.25@ 7.30 7.20® 7.25 7.15® 720 Jan. 1. 7.50® 7.60 7.40® 7.50 7 35® 750 2. 7.50® 7.55 740® 7.50 7.35® 7.40 Hog prices dropped 6c to 10c a hundredweight in trading at the local livestock market today, directly as the result of unusually heavy receipts of IS.OOO head and the insufficiency of demand to meet the offerings. Shippers, however, were active and proved the bolstering factor, hut their needs were not large and no necessity of bidding up prices in order to fill demand occurred. The top for heavies dropped from $7.60 on Tuesday to $7.55, while lights sold up from $7.35, as on Tuesday, but generally at $7.40, at which many medium and mixed hogs sold. Mixed nogs at this price were generally regarded a dime lower. The bulk also moved at $7.40. Sows held steady at $6.50 down, but pigs were stronger, some selling as high as $7, though the bulk moved around $6 75 down. Many traders had predicted that, due to Tuesday’s sharp Increase of 15c to 30c on light re coipts, the market would he due for a heavy set-back If receipts increased.' hut traders had little difficultly In disposing of their holdings at the slight recession. Earge cattle buyers entered the pens at an early hour and prices from the opening were fully steady on even the poorest grades, strong on the butcher kinds and 15c to 25c higher on steers, of which there was an abundance. Altogether about 1,500 head were In the yards and buying was on an active and very satisfactory scale for the sellers. A slightly weaker tone was noticeable in the calf market, though choice veals commanded a top of $15.60, while the bulk sold from sl4 to $14.50. Receipts, 800. Native lambs were strong to 50c j higher at $13.50 down, while sheep were steady at $7 down. Receipts, 300.

Choie# lirhts $ 7 3">® 7 40 Light mixed 7 46 Cl 745 M'xtlum mixed 7 4 ~<r,t 750 Heavyweights 7 50® 7.55 Bulk of sale# 7 40 Top 7 3 > IMg# 0.50® 7.00 Packing sows 0 OUH H.ol) —CattleFew choice steer# . slo.oo® 11 25 Prime corn-fed steer#. 1 000 to 1 800 lbs 9.00® 9.50 Good to choice ateer#, 1 000 to 1.100 ihs 8.50® 9 00 Good to > holce steers. 1.000 to 1.200 lb# 7.50® 800 Good to choice steers. 1.000 to 1 DIO lb# 6.50® 7.50 Common to medium steer#. 800 to 1.000 lb* 5 00® 700 —Cow# and Heifer#— Good to light heifers $ 9 00® 10 00 Gcd heav vw-ijhts 7 O ' t 900 Medium heifers 6.00® 7.25 Common cows 3 on® fl oo Fair cows ................. 6.60® 7,50 Cutter# 2 75® 3 2~* Cauners 2.25® 3.75 —Bulls— Fancy butcher bulir $ 5.00® ft 00 Fancy butcher bulla I.lnc out of h*r* Good to heuice butcher bulla 5 00® 5 50 Bologna bulls 4.25® 4.75 •—Calve#— Choice veals sl3 (*> ®ls 50 Good real# 10.00® 12 00 Lightweight vealt B.on® 10 00 Common veal# .......a..... 766® Bn(> Common heavie# 6.00® 700 Top . 15.50 —(Sheep and Lamb*— Extra choice lambs *lO on® 13 50 Heavy lambs 8 00® 10 00 Cull lamb# 3 000 706 Good to choice ewes 4.00® 7 60 Culls 2.00® 300 Other Livestock CHICAGO. J*n. 2.—Cattli Uneven: mo#t killing • .me 25c to 36c higher: stocker# and feeder* scares. country demand rural, bulk short fed steers, 58 75® 10: bu k yearling#, sll. new desirable. 1.510-pound lot#_ 810.60; less desirable heavy sieers. sl6®’ 10.60; weight bo.ogna*. $5 25: vealer* 50c higher, upward to sl4. Sheep—Market active: fat wooied lamb# 15c up: clipped lamb# steady to strong: sheep and feeding lamb* steady bu k good and choice fat wooed lambn. sl3 56® 13.75; top, $13.90 good cl ip pea iamb#. $11,50; no choice fst ewes offered: choice 6!l pond feeding lamb#, $12.60. Hogs (soft or oily hog# and roasting pig* exc tided)—Re.-elpt#, 17.000: market slow. 20c up: bulk of sales. $7.10® 7 40: top. $7.00: heavyweight (250-360 poundst, medium choice $7.30®7.60: medium weight (200-260 pounds nx.l, medium choice*. $7.25® 7.50; light weight (100-200 nx.l common choice. s7® 7 40; ight light# (130-100 m l. common choi.-e. 57.60® 7.75: packing hog#, smooth. $6.75® 7: packing hog*, rough. $0.30® 0.75: slaughter pig# 130 down) medium choice * s()ft/ •: r.y Slaughter cattle and calves—Receipts, 7,000 steer* (1,100 pound# mil, choice ami prune, sll® 12.50: good, $lo®l)..40: medium. [email protected]; steers (1,100 pound* down), cboi.-e and prime, sll 40® 12.50: good $10.0001140; medium. $8.75010.65; common. $5.90 0 8.75: heifers, good and choice sß.ls@lJ; common and medium. $508.15: cows, good and choke. $6.35® 8.15; common and medium, $3.75 03.85; eanners and cutters $3.7503.85: calve#, culls, choice (190 nx. down). $6013.50; medium choice <2OO nx. up). [email protected]; feeders and stocker cattie. Fteers. common choice. $4 0 7.76. Slonrhter sheep and lambs—Receipt*. 11.000: lambs, medium prime (84 nx. down), $11.76 013.90; cull common (all weights), [email protected]: ewes, common to choice. ss@’ 8.50: canner and culls, $7.6008 feeding lambs (range stock), medium choice, sll @12.20. (Above quotation# on full-wooled (srshorii gs.)tbaais. KANSAS CITY aJn 2.—Cattle—Receipts. 8,000: calves, 1.000; slow ; few sales medium quality short fed steers. $8.25® 8 00: around steady: better grade of fat ehestock around steady, bulls and calves steady; early veal, sll stacker# and feeders: scarce: few early sales of Stockers and feeders at [email protected]; steady Hogs—Receipts. 13,000: little doing; few sale# to shippers at fully 10c higher: $7.30 paid for choice medium-weight, some held higher. Sheep—Receipts, 3,000; strong; lambs 260 40c higher; top, $13.35 wethers fed lot. $12.90 013.25; sheep steady; shorn yearlings, $10; shorn wethers. $7.60: medium wooied wethers. $7.50, EAST ST. LOUIS, Jan. 2.—Cattle—Re ■eipts, 3,000; market for beef steer* steady, strong; native beef steors, $809.25; yeurings and heifer*. $7.50® 9; cows, $4 26 0 5.50: eaner* and cutter#. $2.50 0 3.25: calves, $12.50012.75; stocker# and feeders. $4.60 0 0.50. Hogs—Receipts, 16,000: market active, 15 025 c higher; heavy. $7.5007.75; medium. [email protected]: lights, 57 0 7.65; light lights, $7.2507.45; packing bow*. SOO 6.60; pig*. $5.2500.75; built, $5 2507.05. Sheep—Receipts, 600; market generally 25c higher: ewes, $5 0 7.56: eanners and cutters, $1.50 05; wool arnbs, $11.26 0 13,25. EAST BUFFALO, Jin. 2.—Cattle—Receipts, 200; market fairly active; shipping steer*. $9.25 011: butcher grades, SBO 9.50; sows, $2.75 0 6.60. Calves—Receipt#, 306; market active, steady; culls to choice, s4@ll. Sheep and lambs—Receipts, 1.000; market active; lambs 25c up: sheep steady; choice lambs, $13013.75: culls to eixxioe, 54 @ls. yearlings. $8011.76; sheep. s3@ 8.56. Hogs—Receipts, 6,600; market active, steady. 25e up; yorkers. $7.2607.75; pigs, [email protected]: mixed. $7.75; heavier, $7,75 0 7.85: roughs. $606.25; stags, $3.600 4.50. CLEVELAND. Jan. 2.—Hogs—Receipts, 5 000 market, 20030 c higher, yorkers, $7.90: mixed, $7 90: medium. $7 90® 8 pigs. $7; roughs. $6: stags, $4.50. Cattle— Receipts. 400: market, 25c higher: good to choice bulls. $5 06.50: good to choice steers. $9010.50: good to choice heifers. S7OB good to choice cows, $4 0 5.75; fair to good cows, $304: common cows. $203: milkers. s3s® 70. Sheep and lambs—Receipts. 2.700: market. 75c higher; top. sl4. Calves —Receipts. 500; market, strong; top. $lO. CINCINNATI. Jan. 2.—Cattle—Receipts, 700; market, active, strong to 25c higher; shippers, 57.50 0 9.50. Calves—Market. 50c lower: extra#. sl3® 14.60, Hogs—Receipt#. 9,800; markst, steady to 10c up: good to

choice packers, $7.70. Sheep—Receipts. 275 market, steady; extras. $4.5005.50. Lambs—Market, steady: fair to good $12.50 @l3. PITTSBURGH, Jan. 2.—Cattle —Receipts light: market steady: choice, $9.75 010.75; good, $8.7509.25; fair. $8.2507.40: veal calves. $ 14.50 cl 5 Sheep and iambs—Receipts light: market steady: prime wethers. $7-500 8; good, $7 0 7.25; fair mixed, $5.50 @6.50; lambs, $lO @13.75. Ilogs—Receipts, 40 double decks: market higher; prime heavy, $7.80(® 7.90: medium*. $7.80 @7.90: heavy yorkers, $7.8007.90’: light yorkers. $7.60 @7-75: pigs, $7 07.25; roughs. $5.50 06; stags. $3 0 3.50. UNITED STATES IN STRONG NOTE ON BANDIT KIDNAPING Latest Outrage Against American Citizens in China Brings Protest, Ry United Press WASHINGTON. Jan. 2.—Another outrage against American citizens by bandits in China has led the American Government to make strong representations to the Pekin government, it was said today at the State Department. Reports of the capture of Mrs. Julian R. Kilen and the wounding of Mr. and Mrs. Bernard Hoff, ail of the Lutheran Bretheri Mission at Tso Yang were confirmed in official in formation reaching the State Depart ment today. Edward Bell, in charge of the American legation at Pekin, has addressed a note to Foreign Minister Koo complaining against the failure of the Chinese military to perform its duty and requesting instructions be sent to provincial authorities to rescue Mrs Kilen and protect other American citizens. Koo expressed great regret and promised to telegraph the provincial i authorities to remedy the outrage, the State Department was advised.

SPEAKER PREDICTS PROSPEROUS YEAR Labor Blamed for High Prices in Indianapolis, “This new r year is going to exceed the expectations of the people of Indianapolis in every way,” said Frank Cantwell, director of the Home Complete Exposition to be held in the city next spring, at the Indianapolis real estate board luncheon at the Chamber of Commerce today. “This Home Complete show means we arc* building up a better city and Government," asserted Cantwell. “People say lumber is high, but it’s labor thut is making prices high. Indianapolis has enough business here to take up all the labor output.’’ John R. Welch began his term as president today. MONKEY - GLAND DRAMA lsmdon See* What Happens When Apes Get Ascendancy. By f nited Sews y LONDON, Jan. 2. —After monkey glands, the monkey gland drama. “Lord Adrian," produced at Birmingham with Arthur Bourchler In the leading role, gives Lord Dunsany’s Idea of what might happen to a victim of too much rejuvenation. The Duke of Fenland and Arden, aged 80, has a widower son and a grandson, Lord Sandbneough. son of the widower. Under the will of an ancestor, the family property can be left only in the family. Lord Sandborough falls In love with the Duke’s secretary, but thinks better of it and breaks the engagement. The old Duke doesn’t like it, and as there seems no chance that*'!he widower son will put on the matrimonial ball and chain again,}decides to do it as to disinherit the grandson. He gets rejuvenated, and marries the secretary. There is a son—Lord Adrian. Adrian grows up and makes a tour of the world. His conduct Is charitably described as eccentric: he shows much more of the monkey then of the Duke. Fortunately, it is all a play. In the end he gets killed, and the members of the ducal family are able to go to the zoo without having the monkeys try to say “hello, brother," to them. Gyros Install Officers New' officers of the Gyro Club were Installed at luncheon at the Lincoln today. Officers: F. E. Glass, president: Dudley Pratt, secretary; Ralph Ittenbach, sergeant-at-arms; Dr. William Doeppers, vice president; J. E. Fehsenfeld, treasurer; James A. Caiderhead. Arthur E. .Strickland, Guy May. director for two years; Clarence N. Warren, Howard B. Meeker, A. B Schultz, directors for one year. Argument Ends Fatally By United Xcics KANSAS CITY, Mo., Jan. 2.—W. F, Reed, 32, hotel proprietor, and Denny Savage, a guest, had an argument Tuesday. Both drew guns. Reed was too slow, however, ’ and fell with a bullet In his head. He died later. Two Farmers List Debts Two Jennings County- farmers, both living near Commlskey, filed bankruptcy petitions in Federal Court today. John D. Hughes listed liabilities of $4,133.35 and assets of $1,456. Oliver G. Lewis gave his liabilities as $6,919.67 and his assets as $4,161. Rank Charters Renewed Charters of the Cromwell State Bank, Noble County, and the Paris Crossing State Bank, Jennings County, were renewed by the State charter board today. Each bank is capitalized at $25,000. Loot Is Limited One hundred and twenty-five pennies, and a $3 flash light, were the reward of burglars who broke open a rear wrindow', and entered the vulcanizing shop of J. E. Maffitt. 2709 Northweftem Avo.

\ Brains Plus Beauty

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FELLOW STUDENTS JUDGE MISS AMELIE PRESCOTT THE MOST BEAUTIFUL CO-ED ATTENDING LOUISIANA STATE UNIVERSITY, WHERE SHE ALSO HOLDS AN ENVIABLE RECORD AS A BRILLIANT LAW STUDENT. UPON GRADUATION THE LADY FAIR ANNOUNCES HER INTENTION TO HANG OUT A SHINGLE. AND IS EQUALLY RESOLVED THAT SHE SHALL NOT BE AN OLD MAID.

PACKING INDUSTRY SEESSHORTAGEOF RAW MATERIALS Operated at a Profit in 1923 and Expect Good Year in 1924; Cattle Also Short. By United Sews CHICAGO, Jan. 2.—The packing industry operated at a profit tn 1923 for the first time in three years, and as the new year opens, continuation of improved conditions for both producer and consumer seems certain. This forecast is based on a comprehensive business review prepared by research experts of Armour & Cos. So many hogs and cattle were sold last \ear. however, that packers anticipate some difficulty In securing adequate raw materials tn 1924. The past year was one of continued liquidation for the farmer, the reviewpoints out. During 192 2farmers, attracted by high prices, increased their swine herds greatly. Meantime, corn advanced, and'rural banks began to suggest liquidation. Market Flooded “Asa result, about ten million more hogs reached the markets than in 1922.” the report say*. “A large volume of these w’ere breeding stock, which does not augur well for the volume of production in 1924. Indeed. .1 might even bring about a situation wherein it will be difficult for packers to obtain adequate quantities of raw materials in pork. The same thing is true, though not to such a great degree, with ♦ cattle-—especially cattle from'the range States. Heavy receipts at packing centers cut the good margins of profit evident in the first quarter of 1923, but margins continued, although narrower, throughout the year. The fact 'h it labor has been well employed enabled consumption of the increased production, although during the last six months the packers “diverted nuch pork to the cellar in order to jrevenl a situation which would jrlng the market for live hogs to a point of demoralization.” Reasonable Prices The high cost of preparation, manufacture and distribution of meats w-as the most objectionable phase of the year, the packing company says. Despite these high costs, meat sold at wholesale lower than since the war. Foreign trade showed improvement, although the European demand for \nn-rican meats Is still retarded by political troubles and financial difficulties. The market for by-products of the packing Industry has not improved as rapidly as has the industry itself. The hide market continues depressed as he leather business was in the doldrums all year. The farmer has had so little money to spend that he has not been Inclined to purchase ferti lizer materials in any considerable quantities, leaving that end of the business dead. PROGRESSIVE PLANS ON MERGER OF NEW PARTIES Ford Chairman Continues Roosting for Auto King. By tv it'd Press OMAHA, Neb., Jan. 2. —Consolidation of the Socialist, Farmer-Labor, Progressives and Peoples party will be attempted at the convention of Progressives which is scheduled to meet Jan. 30. Roy M. Harrop, president of the Ford-for-President Clubs and temporary chairman for the progressive convention, declared today. Harrop said consolidation would result in Ford carrying Minnesota, Nebraska, Kansas the Dakotas. Harrop said th> convention plans to nominate Ford as the third party candidate and allow him to choose his own running mate. Medium Performs in Light T>r. Hume, noted medium, who appears at English’s Opera House Sunday night, gives his occult demonstrations upon a fully lighted stage. Among tests he gives are floating tables, chairs, slate writing, thaumafurgy, Katy King London open light seance, John Cumberland’* dem&terlaU.xauon and many other*.

BIG MOTOR SHIP ORDERED Liver Would lie Csed in South Amer lean Service. . NEW YORK. Jan. 2.—An order for what Is said to be the largest motor ship in the world Is to be placed by [ the L’nion Castle Mail Steamship Company, according to the Transportation Division of the Department of Commerce. The liner, which is of the twin-screw type, will be used in the company’s South ALrican service. It will exceed 20,000 gross tons in weight and the dimensions will be 630 feet by 73 feet by 46 feet. Luxurious accommodations will tie provided for a large number of passengers.

FORMER SERGEANT OF POLICE JOINS SAFETY CAMPAIGN J, M, Bates Bases Advice to Drivers on Four Years of Experience. More letters and pledges from drivers who have discovered It pays to be saf came to The Times Safety Club editor today. Among them was a letter from T. M. Bates, an ex-police sergeant, who learned the lesson of safety while on duty and while driving his own car. Bates said: “The first thing I will do this year Is to join The Times Safety Club. I have driven a car four years without an accident I had better ‘knock on wood’ when I say that. The only thing to do when you -drive a car Is to keep your mind on your work.” New members who pledged to drive safly during 1924 are J. M. Bates. 201 N. Warm an Ave.; James D. Buchanan. 2952 N. Delaware St.; Joseph H Gufke. 836 Harrison St.; William F. Matheson. 1754 Lockwood St.; Mrs Ernest Dalton, 534 Harmon St.- Roh(rt Sherman. 432 Erie St.; W. P. Meador, 4647 Sunset Ave.: A. E. Harding, 2542 Prospect St.: Mrs. Anna 1,. Foerstor, 817 W. Twenty Eighth St.. Jack Saunders, 2526 Burton Ave.; I/. R. Brinkman. 1421 Laurel St.; Errol YValter Hushrush, manager of Riverside Dance Palace: Roy E. Trainer, 1512 Spann Ave.: Edward Mahoney, 1434 Madison Ave.; F. IL Smith, 123 N. Traub St., and Georg? E. England, 1722 Lockwood Ave. RELIGIOUS SURVErTO BE MEETING TOPIC Sunday School Council Announces Conference Jan. 14. Dr. W. S. Athearn, Dean of religious education. Boston University, and Stanley West, New York, editorial secretary. Institute of Social and Religious Research, will speak at the Severin Jan. 14, under auspices of the Inmana Sunday School Council of Religious Education. They will review the recent religious and social survey made in Indiana. W’illiam Lowe Bryan, president of Indiana University and president of the council, will preside. Talks ivill be made by Prof. Edward R. Bartlett. De Pauw University; William H. Remy, Marion County prosecutor: the Rev. Harry Adams Hersey. Mancie, Ind.: Benjamin J. Burris, State superintendent of public instruction; Dr. O. R. McKay of the denominational mission boards, and E. T. Albertson, general secretary of the State Sunday School Association. Italy Protests .Johnson Bill By United press WASHINGTON. Jan. 2. The Italian government has protested formally to the State Department against the Johnson immigration Til! or. the ground that it unjustly discriminates against Italians. Cloverseed Market Local dca’ers are paying: $lO (ft 12 a bushel lor cloverseed.

ÜBERTY BONDS 415 LE.mJLe BUILDING

I BUY AND SELL

GOSTAV SCHMIDT FAVORED TO HEAD PLAN COMMISSION Mayor Shank Plays Role in Movie to Elect New Member President, With Mayor Shank playing a leading a move to make Gustav G. Schmidt, newly appointed member of the city plan commission, president of that body, was launched at the city hall today. Schmidt and J. W. Atherton, also recently appointed, formally accepted their offices today. The mayor’s interest was aroused, it was said, when Thomas Howe, vice president of the commission, appeared to be a likely candidate. Howe is said to’oppose certain interests in developing tlie Fairview site of Butler .University and Mayor Shank said the plan “was too expensive to have somebody tinkering fwith.” With the suggestion of Schmidt a-$ president, the support of the other members of the commission at the election Jan. 8, was enlisted. The law provides that the president must be an appointive member. There are five appointive members and four exoffich members, who have the power to vote only. Thomas Dillon and H. F. Clippenger are the other appointive members. The support of Dillon for Sjhmidt seems assured. The two others are uncertain. Efforts-were directed today to obtain the support of the ex-officio members, Charles Coffin, president of the hoard of safety; Charles Bookwalter, park board president; John Elliott, city engineer, and Councilman Lloyd D. Clay combe. The support of Elliott, Coffin, and Bookwalter seems favorable.

SHOOTING STIRS ALLHOLLYWOOD (Continued From Page 1) today, owing to the reported condition of the two stars of ftlmdom. Papers Prepared Kelly, however, wall be examined again, detectives said. In the meantime he is held under a tentative charge of assault with a deadly weapon, while formal papers are being prepared by tlie office of the district attorney. That he was enamored of Miss Xormand w-as vigorously denied by Kelly when told of the motive for the shooting advanced by authorities. “I was merely guarding her as a trusted employe would,” the chauffeur declared. “Dines w-ouldn’t let Mabel go and w-as keeping her Intoxicated. “I knew, though, they would accuse me of being jealous,” Kelly said. The chauffeur today gaw his age as 27. By a curious coincident, Mabel Normand was Informed of the murder of William Desmond Taylor, on tha morning of Feb. 2, 1922, by Edna Purv.ance, who also figures with her in connection with the shooting of Dines. Miss Normand told poVee she had visited Taylor of the evening before the fatal shooting of the well known film director. She had returned a book he loaned her and remained chatting with him for twenty-five minutes. So far as is known she wa* the last person to see Taylor alive, save for the unknown who shot him down from behind. Denied Her Engagement At the time Miss Normand denied a report she had been engaged To Taylor. She broke down at the inquest and again at the funeral and sailed for Europe, where she spent some time. Another actress whose name was brought prominently Into the Taylor mystery, greatest of filmland’* drama of real life, was Mary Miles Minter. A filmy night dress belonging to Miss Minter was found in the dead direc'cr's home, as well as some ardent love letters, penned in a girlish style and hand. “I love you! I love you! I LOVE YOU!!:” Mary Miles Minter had written to Taylor a short time before hi* death. Los Angeles police never solved the mystery of Taylor's death. Taylor was universally respected !n the Hollywood colony and w*s a friend of many of the screen’s leading actresses. Killing Stories Unfounded From time to time police In dtles far removed from Los Angeles have unearthed characters who have con fessed to the killing, but the stories always have proven products of Imagination. Miss Norrnand's family lives at Staten Island, N. Y. Bhe was leading woman to Charlie Chaplin when that famous comedian played in the Keystone comedies. Edna Purvtance was leadng lady to Chaplin after the funny man’s pictures reached a more ambitious stage. She appeared as the star In his first serious film venture as director—'A Woman of Paris.” Courtland S. Dines is a son of Tyson S. Dines, one of the most prominent lawyers of Denver. He was wellknown in Colorado as a successful oil operator and society man. L>ines had been twice divorced, the iast time in August, 1923. His first wife was Miss Doris Carnahan of Denver. His second wife was Mrs. Carrie P. Farley, of Fall River, Mass. Dines served in the World War as an aviator with the American forces. He is 35 years old, Greer, alias Joseph Kelly, the chauffeur. is 27. He has been In Miss Normand's employ for some time. Roy Scouts to Celebrate BU United Press NEW YORK, Jan. 2. —The Boy Scouts of America are planning a big ce’.elration in connection with its anniversary week, Feb. 8-15. 1924.

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