Indianapolis Times, Volume 35, Number 205, Indianapolis, Marion County, 9 January 1924 — Page 10

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GREAT STRENGTH SHOWS UP AMONG MARKETLEADERS Old-Fashioned Rail Market in Progress Before End of First Hour, The WALL STREET JOURNAL NEW YORK, Jan. 9.—President Coolidge's stand in favor of priority .for the tax bill caused a further decrease in bonus sentiment, which in turn reacted favorably upon the stock market in today’s early dealings. Trading maintained the brisk pace set in the previous session and industrials were in demand at the highest levels of the current move, which was within a point of the high of last May. Constructive news also developed in the fact that Prairie Oil and Gas advanced crude oil prices 10c a barrel, immediately followed by Sinclair. First Hour Further remarkable strength developed in various sections of the list in the first hour. Impressive buying of old-time rail shares, such as Union Pacific, B. & 0., Reading and C. & 0., refuted the theory that Tuesday's demonstration in the low prices was due to the upholding of the recapture clause of the transportation act. Demand for all classes of rail stocks has been stimulated of late by increasing Interest in American securities displayed by European investors. Second Hour Expanding steel operations reported by the weekly trade review supplied j regarding the spring business outlook which Wall St. has been waiting for and activity at rising prices gained Increasing momentum around noon. Profit-taking caused fractional recessions in some recent favorites, but this selling was offset by fresh impetus given the forward movement tn various sections. A sharp advance took place in Computing TabulatingJtecording. Remington Typewriter and Caatiron Pipe while rubber tire and shares continued to advance.

Noon Hour Strong buying continued to feature dealings in the noon hour in which United States Rubber, KellySpringfield and Goodrich were featured. Texas Company followed the lead of other companies by advancing the price of its crude and the oils generaiiy made response to the better feeling prevailing In the speculative community regarding the future outlook of the industry. Rails continued an active group, hut their activity was scarcely less keen than that of industrials. which, however, were subjected to more profit-taking. Twenty active industrial stocks on Tuesday averaged 96.77. up .23 per cent. Twenty active rails averaged 81.93. up .15 per cent Local Bank Clearings Indianapolis bank clearings Wednesday were $3,385,000. Bank lebits were so.796.000. New York Money Market Bu United / inancinl NEW YORK. —an. 9.—Time money market dull al 41i to 5 per cent. Commercial paper market more active at 4% to 5 per cent. Foreign Exchange By I niled Financial NEW YORK, Jan. 9 —Foreign exchange opened higher Sterling, demand. $4.30: cables. $4.30 %. Francs, demand. 4.91%c: cables. 4.92 c. hire, demand. 4.32 c: cables, 4.32 He. Belgian demand. 4.32 c; cables. 4.32 He. Marks. 5.000,000.000 000 to the dollar. Czeeho, demand. 2.90 He: cables. 2.91 c Swiss demand. 17.38 c: cables. 17.40 c. Guilders, demand, 37.67 c: cables. 37.70 c. Pesetas, demand. 12.80 c: cables, 12.82 c Sweden, demand 26.34 c; cables, 26.38 c. Norway, demand. 14.39 c; cables. 14.43 c. Denmark, demand J 7.51 c; cables. 17.65. LOW-PRICED RAIL BONDS AGAIN CLAIM INTEREST Liberties Sell Generally Higher in Opening Dealings. By United Financial NEW YORK, .Tan. 9. —how-priced rail bonds were again the center of attraction in the bond early trading today. Several issues went into new high ground on the move. New York. West * Boston 4%s at 46, St. U. & S. F. adjustments 6s at 75*4: Income 6s at 62. Erie convertible 4s—D—made a new high on the move at 64, up %. New Haven convertible 6s 64, up 1%. Traction issues dull. I. R. T. 7s showed some strength selling up to 84%, up % following publication of the November income which showed all bond interest and dividend on Manhattan Elevated Ry. earned by a wide margin. Industrials were slightly irregular. Cerro de Pasco convertible Bs, after selling at' 141, dropped to 140, off %. Central Leather os. 95%. up 3 g . Liberties were generally higher. Tank Wagon Prices (Gasoline price? quoted do not includa State tax of 2c a gallon.) GASOLINE—Encrgee. 18c a gallon: Purol. 14.2 c: Red Crown, 14.2 c: Target, 14.2 c: Silver Flash. 18c: Stamloiind aviation. 10.08 c. KEROSENE —Crystaline. 10.76 c: Moore Light. lSc : Perfection. 10.76 c. NAPTHA—Lion Powpr cleaner.-. 25.01 c: V. M. Sc P.. 20.01 c Standoiind cleaners. 20.01 c. In the Cotton Market By United Financial NEW YORK. Jan. 9.—Cotton market opened lower. January. 34 65c. off 30; March. 36.00 c. off 17; May. 35.21 c, off IT: July, 34.06 e. off 18c. Census bureau reports ginned, counting round bales as halves and excluding linters. to Jan. 1. 9.807.138, against a year . to. Cotton ginned Dec. 13 to Jan. 1 was 268.333: yrar ago. 108.478 bales. Included in report are 234,703 round bales: year ago. 166.281. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift & Cos.: Ribs—No. 2 30c: No. 1. 17c. Loins—No. 2. 25c: No. 3,18 c. Rounds— No. 2,20 c: No. 3,15 c. Chucks—No. 2. 18c: No. 2. 10c. Plain—No. 2. 8c: No. 8. 7c. Raw Sugar Market By United Financial NEW YORK. Jan. 9.—Raw sugar market opened higher: January 4.62124.68 c: March, 4.64®4.56c: May. 4:66®4.67c. National Sugar bought 10.000 bags of Cubas. January shipment, at 4 % c. ands. Cloverseed Market kcal. dealers are paying $lO 212 • bush•l for cloverseed

New York Stocks (By Thomson & McKinnon) —Jan. 9

Railroads— At 12:45 Prev. High. Low. p. m. close. Atchison .. 08% 97 44 98 H 97% B. Sc 0 60 H 69 % 60% 59% C. Sc O 74% 72% 74 % 72 % C. & N. W. R. 51% 51% 61% 51% C.. R. Sc P. . . 25% 24% 25% 24% Erie Ist pfd 33% 32% 33 33% Gt. No. pfd.. 59% .... 58% 58% Lehigh Val... 62 % 62% 62% 62% Mo. Pao. pfd 31% 30% 31 Vi 30% N Y. Cen.. 102% 102% 102 % 102% No. Pacific-. 54% 53% 54 53% Pere Marq. 43% .... 43% 43 Pennsylvania. 43 V* .... 43 43 Reading .... 78% 77% 78 77% So. Railway.. 42 41 % 42% 42 St. Palu pfd.. 25% 24% 25 24% Union Pae . 130 % 129 % 130 % 129 % Wabash pfd 38% 37% 38% 37 Rubbers— Kelly-Spg. .. 34% 34% 34% 33% tr. s. Rub... 42% 41% 42% 41 Equipments—- | Am. Loco.. . 75% • • 74% 74% Bald. Loco.. 126% 120 126% 126% Gen. Elec . 197% .... 197 197 Lima L0c0... 67% . ... 07% 67% Pullman .... 124 % .... 124 % 124 West. Electric 61% 60% 61% 61 Stceis— 0 Bethlehem.... 54% 54% 54% 54 Crucible 67% ... 67% ... | Guif States.. 83% 83% 83 83 i Rep Iron Sc S 52 H 52 Vi 52 % 51 % U S Steel... 99% 99% 99% 100 Motors— Chand'er Mo. 64% 63% 64 64 Gen Motors.. 15% ... 15% 15 Max Mo ™A" 55% 53 55% 53% Max Mo “B” 16 14% 15 % 15% Studebaker ..107% 106% 107 107% Stewart-W... 95 % 94 % 96 % 95 % Timken 40% 4040% 40% Willys-O'land. 10% 10% 10% 10% Oils— Calif Petrol.. 25% 25% 25% 25% Cosden 35 % ... 35 36 Houston Oil.. 69 % 69 % 69 % 69 % Marland Oil. . 37 % 35 % 37 30 % LONGS IN WHEAT OESERTMARKET Action on LSdd Resolution Aids in Decline, By United Financial CHICAGO, Jan. 9. —Grains opened irregular on the Chicago Board of Trade today. Favorable action in the Senate on the 1-add resolution for an investigation of the board for the first time was felt in the wheat market. Locals and eastern longs, who for the past month have supported the market, sold out late Tuesday and refused to come in pending further developments. This had a dampening effect on sentiment and prices as a result suffered a relapse. Displaying individual strength, corn opened higher. Good buying was Induced by light receipts, small country offerings and indications of renewal of the feeding demand. There was no early features in oats trading and prices opened unchanged. Provisions were irregular, lard higher and ribs lower. Chicago Grain Table —Jan 9 WHEAT— Prev. Open. High. Low. 11:45. close. May .1.08% 1.09% 1.08% 1.09 1.08% 1.08% 1.08% Julv .106% 1.07% 1.06% 1.07 1.06% Sept. .1.05% 1.05% 1.05% 1.05% 1.05% CORN— May . .76% .77% .78 .76% .76% .78% .70 July . 77 .78 .77 .77% b. 77 Sept. .78 ’ .78% .78 .78% .77% OATS— May . .46 .46 45% .45% .45% July . .43% .44 43% .43% .43% Sept. . .42% 42 % .42% CHICAGO. Jan. 9. —Primary receipts: Wheat. 637.000 against 1 317 000; corn, 921.000 against 1.253.000: oats 399.000 against 735,000. Shipments: Wheat, 424,000 against 853.000 com. 792,000 against 871 000: oats 521.000 against 1,048,000 Grain Briefs CHICAGO, Jan. 9.—A1l hig traders, with the exception of eastern longs, are said to lie out of the market. With proapeets of an Investigation an da report of who is long and shirt as shown by the futures trading ai t. trader-- say there is notibng to induce large operators to come Into the market. Local com .eceipts nave fallen off and with small local stocks there is nothing favoring lower prices. A much better demand for wheat exists in the United Kingdom. Merchants low on stocks took advantage of the rally In exchange to accept Manitobas. The gradual rise of the last week's trading is best evidence of accumulation of wheat. The pressure of cash wheat is over for the season, a leading observer declared. The winter crop is generally above the average for this time, but conditions are siot regarded as a paramount factor in the trend of prices. Despite reports of fair export business in wheat, the seaboard claimed only 200.000 bushels, mostly manitobas. worked Tuesday. Local Wagon Wheat Ll Joual mills and elevators are paying 51 for No. 2 red wheat. ROTARIANS AWARD ATTENDANCE PRIZE A, R. Worm Wins.. DiamondStudded Watch Fob, Albert R. Worm, president of the Worm & Cos., packers, won the Edgar M. Heaton 1923 attendance prize representing* perfect attendance at the Rotary Club meeting in the Claypool Tuesday. The Heaton prize is a diamond studded Rotary watch fob. Fifteen members were eligible to draw for the prize. They were: Herman J. Barnard, William H. Bass, Dr. M. E. Clark. Harry W. Dragoo, Eugene D. Foley, Herbert King, George F. Lennox. Chester Ricker, Joel B. L. Ryde, Carl B Shafer. Earl Showalter, Durward Staley. Joseph T. Stokes Lucius G. Winn, Albert R. Worm. The following received the Charles B. Dyer attendance prize. Barnard, Dragoo, King. Showalter, Staley, Stokes and Winn. Thin prize is given members eligible for the capital prize who have not previously received attendance prizes. Two Inmates Escape Two inmates of the Central Indiana Hospital for the Insane were reported missing today. Mrs. Gertrude Hawk, 40, of Fortv lie. Ind., escaped Tuesday nigAt, and Charles T. Morgan, 40, of Carrollton Avg, escaped this morning.

'12:45 Prev High. Lo” p. m close. Pan-Am Pete. 55 53% 54% 55% Pan-A Pete B 53 % 51% 52% 63 % Pro and Ref. 35% 34% 34% 35Vi Pure 0H... . 24 % 23 % 24 23 % Std Oil of Cal 63% 63 Vi 63% 63% Std Oil of N J 40 % ... 40 % 40 % Sinclair 26% 26% 26% 26 % Texas Cos 43 % ... 43 % 43 % Minings— Ore 29 % ... 29 20 % Int Nickel... 13% ... 13% Coppers— Am Smelting. 60 % ... 60 V* 60 Vi Kennecott 35% ... 35 % 35 % Industrials— Allied Chem.. 73 % 72% 73 73% Amer Can ..109% 108% 109 108% Amer Wooc.. 77% 70Vi 70% 78V, Com and Tab 99 96 97% 95% Cont Can. . . 59 % 58 % 69 59 % Davison Chm 67 Vi 00 66 % 67 % Fam P'ayers. 70% 70 70% 70% Int Harvester 83 % 83 83 % 83 % Mont, Ward. . 26 25% 25Vi 26 Nat Enamel. 43% 41% 42% 41 Sears-Roebk. 87% 87% 87% 87% U 8 C 1 Pipe 84% 81% 83% 82 U S Ind Aleo 72 71% 71% 71% Utilities— Am T and T. 129 128 128% 127% Con Gas 64% 63% 64 63% North Am... 24 23 % 24 24 Shipping— Am Int Corp. 25 23% 24% 23% Int M M pfd 32 % ... 32 % 32 % Foods— Amer Sugar. 56% ... 50 65% Austin Nichls •30 28% 29% 28 Corn Prod ..156% ... 155% 165% Cu Cn Su pfd 02 % . . . 62 % 62 % Punta Alegre 56% ... 51% 5C% Tobacco*— Am-Sumatra. 28% 26 % 28% 26% Tob Prod B. . 67% 66% 07% 07% PRAIRIE OIL AND GAS RESPONDS TO ADVANCE Crude Price Increase Causes Substantial Gain—Other Oils Firm. By United Financial NEW YORK, Jan. 9. —Announce ment of a 10-cent advance on high gravity grades of crude oil shortly before the opening today brought an accumulation of buying orders Into Prairie Oil and Gas which opened a point higher at 258% and quickly advanced at 260. Asa rule the oil stocks remained near the previous closing levels. A met lean Light and Traction common piied a 3-point gain to 124 on top of the 2%-point rise accomplished on Tuesday. Market observers believe ihe stock's strength is related to favorable developments In rate litigation matters of Detroit City Gas, American Light and Traction's largest gas sub sidlary. Slightly higher prices were noted in Centrifugal Cast Iron Pipe and Stutz Motors. The market was firm throughout the first hour.

Produce Markets INDIANAPOLIS. Jan. 9.—Fresh eggs, loss off 36i-: packing stock butter. 27c; springs over 2 lbs. 20c; fowls. 4% lbs up, 22c; fowls under 4% lbs.. 18c; Leghorn poultry 25 per cent discount: o'A'. lie: stags. 14c; capcns. 7 lbs. up. 20c: young tom turkeys 12 lbs. up. 270: young hen turkeys. 8 lbs. up. 27c; old tom turki)*. 20c: ducks, 4 lbs., 20c; geese, 10 lbs. up. 17c; squabs. 11 lbs to the do*. $5 50: young guineas. 1 % lbs to dor... $7: old guineas do*. $5 Indianapolis creameries are paying 50c per lb. for butterfxt. CHICAGO. Jail 9. Butter Receipts. 7.603; creamery extra. 54c: standards. 52c; firsts, 47 ® 4Pc; seconds. 44® 45c. Eggs— Receipts. 8.587: ordinary first 4 32® 33c; firsts, 35He Cheese—Twins. 21 %o: Young Americas. 23c. Poultry—Receipts, 5 cars; fowls. 10®22c: ducks, 22c: geese. 15c: turkeys. 220; springs. 19c; roosters, 14c. Potatoes—Receipts. 117 cars: Wisconsin and Minnesota white*, $1.45® 1,55; liato rus sets, $1.30. CLEVELAND Jan. 9.—Butter—Extra in tubs. 58%®60%c; extra firsts. 57 % ® 59 %c: firsts, 56 %(i 57 %c; acklng stock. 2S <a 82c: standard. 56 %®SB %c. Eggs— Fresh gathered northern extras, 47c: extra firsts, 45c: Ohio firsts, 45c: wrte-n firsts. 42c: refrigerated extra 28c refrigerated first*. 20c. Poultry—Live fat fowls 25 20c: springers. 24® 25c. Leghorns lrtc: old roosters. 14® 15c: geese. 19® 21c: heavy whtte ducks 25® 27c: light colored ducks, 21® 22c: medium fowls 22® 23c turkeys 30c. Potatoes —Michigan round whites. $2 [email protected] Ohio $2 50® 2.65; Minnesota white branded. [email protected]; New York. $2 @2.25 per 150 pounds. NEW YORK, Jan. 9.—Flour—Dull but firm. Pork—Steady; mess. $24.75 Land— Firmer: mid-west spot. $13.25® 13.86. Sugar—Raw, easier. 6.28 c; refined easier, granulataed. 8.60 c. Coffee—Rto spot. 10% @lO% a; Santos No. 4, 15@15%0. Tallow —Firm: special to extra. 8%@8%c Hay —Firmer; No 1. $1.50® 1.55; No. 3. $1.25 @1.35: No. 4. $1.16 01.20. Dressed poultry—Firm: turkeys. 20®40c: chicken*. 17® 45c; fowl*. 1403lr; capons 25@45c; ducks. Long Island. 21® 30c. Live poultry —Firm: geese. 21@26e: ducks, 14@30c; fowls, 23@ 80c: turkeys. 20® 25c: roosters, 15a: chickens. 24@30c: broilers. 85®65c: capons, 32@37c. Cheese —Firm; State, whole milk, common to special, 16@26 He; State skims, choice to speiials. 16@18%c; lower grades. 5 @ 14c. Butter—Steady: re ceipts. 4 499; creamery extra. 56c; special market. 55% @ 56c; Stale dairy, tube. 40 @ 54%e: Danish. 52 %@53 %c: Argentine. 41 @4Bc: Canadian. 49%®57%c. Eggs— Steady; receipts 13,428: nearby whites, fancy. 60® 52c; nearby State white, 42® 52c: fresh firsts to extras, 42@40c; Pacific '•oast. 35® 52c: western whites, 42® 56c; nearby browns, 50® 62c. Indianapolis Stocks —J an. 9 Bid. Ask. Am Central Life 200 ... Am Creosoting Cos pfd 97 % ... Belt R R com 73 70% Belt R R pfd 52 % ... Century Bldg Cos pfd 99 % Cities Service Cos com 143% 145% Cities Service Cos pfd 07 % 69 % Citizens Gas Cos com 29 30 Citizens Gas Cos pfd 100 ... Indiana Hotel oom ..125 ... Indiana Hotel pfd ......... 100 . . . Ind Nat Life Cos 8 ... Indiana Pipe Line Cos 91 % ... Indiana Title Guaranty C 0... 80 ... Indianapolis Abattoir pfd 49 Indianapolis Gas 49% 52 Indpls Sc Northwestern pfd. . 34 / Indpls A Southwestern pfd. . . . 50 Indpls Street Railway 48% 62 Indpls Tel Cos com 1 ... Indpls Tel Cos pfd 90 ... Mer Pub Util Cos pld 82 Nat Mot Car Cos 1. Pub Savings Ins Cos 12 ... Rauh Fertilizer pfd 40 ... Standard Oil Cos of Ind 66% 07% Sterling Fire Ins Cos 10 ... T H I Sc E com 2 5 T H I & E pfd 10 15% T H T and L Cos pfd 86 90 Union Trao of Ind com 1 4 Union Trac of Ind Ist pfd.. 15 25 Union Trac of Ind 2d pfd. .4 7% Van Camp Prod Ist pfd 100 Va ’ifamp Products 2d pfd. . . . 100 Vandalia Coal Cos com 2 5 Vandal la Coal Cos pfd 7 12 Wabash Ry Cos com 11 % 13 Wabash Ry Cos pfd 37% 39% Bonds

Belt R R * S T 4s, May, 1930 81 Broad Ripp’e sg, July. 1923. 66 Cent Ind Gae ss, Sept., 1931. 83 87 C Ind Pow Cos 6s, July, 1947 86% 90 Citizens Gas sa. July. 1948. 84% 86 Citizens Gas 7s 100% Citizens St R ss. May. 1923. 79 80 Ind Coke & G Os. Apr.. 1948 89 93 Ind Hotel ss. July. 1931.... 92 % Ind Hotel Cos 2d 6s. drawable 99 % ... Ind Northern 6s 31 ... Ind Ry & Lt ss, aJn., 1943 . 99 95 Ind Serv Cor ss. Jan.. 1950 80 . . Ind Un Tree 6s, July. 1930. 35 Indpls Ab Cos 7%5, Sep., 1931 99 102 Indpls Col & So 6s, Feb.. 1948 96 100 Indpls Gas ss. Oct., 1952 . . 84 85 Indpls L & II ss. April, 1940 95% 96 Indpls & Mart ss. Jan., 1932 . 60 Indpls North ss. July. 1932. 46% 50 Indpls Northwestern 43% 48 Indpls & S E ss, Jan.. 1923. . . 40 Indpls & S E os, Jan. 1932. . 45 Indpls St Ry 4s. Jan. 1033.. 62% 04% Indpls T and J sa. Jan.. 1933 86 % 80% Tnmls Un Ry 5%g, Jan.. 1965 94% Indpls Un Ry 5s 95 Indpls Wa 6%5. March. 1953 95 96% Indpls Wa 4%5. Jan., 1940 . 86 89 Inters Pub Ser 6s April. 1942 88 92 THI A E ss. April, 1945.. 61% ... T H T & U ss. May, 1944 SI ... Union Traction bs . A". % 07 % Sales *SOO First Liberty 4%s .$98.60 *

THE INDIANAPOLIS TIMES

HOGS CONTINUE TUESDAY’S DROP Offerings Again Prove Too Much for Normal Demand, Hog Prices IJay by Day Jan. 250-300 ibs. 200-225 lbs. 150 180 lbs. 3. 7.50@ 7.55 7.40® 7.45 7.30® 7.35 4. 7.50® 7.55 7.35® 7.45 7.30® 7.35 5. 7.60@ 7.05 7.55@ 7.00 7.50® 7.55 7. 7.80® 7.85 7.75® 7.80 7.75® 7.80 8. 7.55 ® 7.05 7.50® 7.55 7.50 '/ 9. 7.45@ 7.50 7.40® 7.45 7.35@ 7.40 Hog prices slipped further downward in trading at the local livestock market today as the result of continued heavy offerings which tended to flood the market beyond its normal absorptive power. The decline was •generally 10 to 15 cents though some traders insisted that some of their hogs had sold as much as 20 cents lower than the high time on Tuesday. The market- opened generally a dime lower, but as word that late i trams end interurbans carrying more j hogs were in route, reached the yards, i the market weakened. The top for : heavits was 15 cents lower at $7.50 while the bottom at the start of trading was $7.40 for lights, light mixed and mediums but this figure was reduced to $7.35 in subsequent trading. However, the bulk of sales was made at $7.40. Pigs were weak to 25 cents lower at $7 down as were sows at $6.25 down. Early estimates of receipts placed the number at 18,000, but late car arrivals brought the day’s] total to 20,000, inclusive of Tuesday's carryover of 1,537. The demand for porkers was very good, both shippers and local packers participating in the buying, but the supply was more than equal to the urgent demand. Buyers in the cattle market dis-1 played a rather apathetic disposition ! and prices went lower from the opening. A deluge of offerings, numbering 1.800 head, tended to dampen buying enthusiasm which was somewhat effected by Tuesday’s slight decline in certain quarters. Cows and heifers showed the greatest weakness, but even good steers were affected. A loss of 50 cents to $1 in veal prices was noted in the calf department. choice veals sellng at sls and I the bull: from sl4 to $14.50. Receipts, 800.

Trading in the sheep and lamb division was at steady prices, native iambs bringing $13.50 down and sheep $7 down. Receipts, 300. Choice lights $ 7.35® 7.40 bight mixed 7.40 Medium mixed 7.40® 7 45 Heavyweights 7 45® 7.50 Top .. ... 750 Bulk of sales 7 40 Pigs 0 50® 7.00 Packing sows 5.75 @ 6.25 —Cattle— Few choice steers SIO.OO @11.25 Prime corn-fed steers. 1,000 to 1.800 lbs 9.00® 9 50 Good to choice steers 1.000 to 1.100 lbs 8.50® 900 Good to choice steers. 1,000 to 1.200 lbs 7.50® BPO Good to choice steer*. 1.000 to 1.700 lbs 6 50® 7.50 Common to medium steers, 800 to 1.000 b 500 ® 7.00 —Cows and Heifers— Good to light helferg $ 9 00@10 00 Good heavyweights 7.25® 900 Medium heifers 6.00® 7 25 Common cows 3.00® 6 00 Fair cows 6 60® 7.50 Cuttes 2 75® 3.25 Caiiner* 2 25@ 3 75 $ —Bulls— Kaiiffy bull* 5 ft.oo (it t) 00 Good to choice butcher bulls. 6.00ft.60 Bologna bulls 4 4.73 - {‘alrit Choice veal* 514.00tt 15.0 Good veals I*.uOh 1 i 00 Lightweight vcais 10.00 94 t‘LOO Common veal® 8.00^10.00 Common heavies 0 00® 7.00 Top lft.OO —Bheep and I*amb— Extra choice lambs ... $lO 00 'd 10 60 Heavy lambs 8 00cu 10 00 Cull iambs 6.00 it 7.00 Good to choice owes 4.00 7 00 Culls 2 00U :t.oo Other Livestock CHICAGO. Jan 9.—Cattle—Receipts. 17(600: market. moderately active: better grades beef steers and yearlings steady. 15c lower In spots on kinds -clime at $9 and below; long yearlings. sl2 heavyweights. $11.65: bulk fed steers. $7 75® 10; tat shostoek. 15® 35c lower other killing classes slow. steady. Sheet) —Receipts. 20.000: market slow; few sah-s fat lambs 25c lower; sheep steady: no early sales feeding iambs: top fat lambs to city butchers, sl3 85; medium to good kinds to packers. sl3 , good yearling wrthoe*. $11; wethers ranging from yearlnlgs to aged stock. $lO.lO. Hogs—Receipts, 48.000 market, slow to 10c off . top $7.30: bulk. $6 95® ; 25 heavyweight, [email protected]; medium weight. $7.05@7 26: lightweight, $6.90® 7.10: light light. $6 50 @7.05; packing hogs. smooth.. $6 70® 6.85: packing hogs, rough, $6.5096.80: slaughter pigs. $5 76® 0.75 CINCINNATI, Jan. 9—Cattle Receipts. 800: market slow: shippers, [email protected]. Calves—Market steady: extra- $13.50® 18. Hogs—Receipts 7.500: market 20@ 25c lower: good to chohc packers $7 50. Sheep —Receipts. 350; market steady; extras. $4.50® 0. Lambs—Market strong; fair to good, $1 3@ 13.50. EAST BUFFALO. Jan 9.—Cattle—Receipts. 550: market., slow- to 25c lower shipping steers, $9.50® 10.75; butcher grades. $7.75® 9: cows, $2 @ 0.75. Calves— Receipts. 150; market active to 75c higher: cuds to choice. s4.so@i 10.75. Sheep and lambs—Receipts. 3..600: market. active, lamhs 25c off. sheep steady: choice lambs. sl4 914.50: culls to choice. $9 @13.50: yearlings. s9® 13: sheep. $3.50® 9.50. Hogs —Receipts. 4,000; market, active: yorkers. $7.50@ 8.10: pigs $7 @7.50: mixed. $8 @ 8.10: heavies. [email protected]; roughs, soito.so: stags. $4®4.50. EAST ST. LOUIS. Jan. 9.—Cattle—Receipts. 3 000; market beef steers steady; native beef steers, [email protected]: yearlings and heifers. $9.75 up: cows, s4® 5.25: eanners and cutters, $2.16® 2.35; calves, $13.50® 14: Stockers and feeders. $5 @6. Hogs— Receipts, 21.000; market mostly 150 lower; heavy, 57.15® 7.40; medium. $7.10®7.40: lights. [email protected]; light lights, $0 97.25: packing sows, $6.75 @6.26; pigs, $5.75® 0.85; bulk. $7 @7.30. Sheep—-Receipts. 1,000: market weak; ewes, [email protected]; eanners and cutters. $1.50 fit 5; wool lambs, $11.50® 13.50. PITTSBURGH. Jan. 9.—Cattle—Kc-cipts light; market, steady; choice, $9.75® 10.50: good, $8.50@ 0.40;' fair. [email protected]: veal calves. sls @l6. Sheep and lambs—Receipts light; market steady; prime wethers. $8 @8.50; good, $7.25 @7.75; fair mixed. $6 @7: lambs, sll @14.25. Hogs—Receipts. 30 double-decks; market lower; prime heavy. $7.75 @7.00; mediums, 38 @ 8.05; heavy Yorkers, $8 @8.05: light Yorkers. $7.50® 7.75: pigs. [email protected]: roughs, 4Mi4< 6.75: stags. s3@4. KANSAS CITY. Jail. 9.—Cattle—Receipts. 7,000; calves, 1.500: market slow, killing quality plain, practically no early sales: calves dull: stoekers and feeders slow. Hogs ’ —Receipts. 19,000: slow lightweights to shipers, 10®15c lower: $0.40® 6.80 paid on 140 to 185-pound averages: $7 bid on choice medium and heavyweight butchers. Sheep—Receipts, 4.000: lambs slow. 10® 15c lower: early top, $13.10.

Salvation Army Busy December was a busy month for the relief department of the Salvation Army. Two hundred and fifty-one transients were lodged and fed. The Industrial Home, for homeless men, supplied fourteen men with light work and furnished meals and lodgings. Five of those men were more than 68, others are disabled. The Men’s Hotel housed 1,500. Humorous Writer to Talk George Bingham, humorous writer and editor of “Dog Hill ParagrafS,” is to discuss “Shucks” at a meeting of the Men's Club of the First Presbyterian Friday evening, Alvah J. Rucker, pnuident, announced today.

Your Dollar i Uncle Sam Tells Who / Gets It. COPPER f CetHT, Labor *w „ vjb Gt-S profi-t-lj In3 f e - \ r i a t & JJ IQZ?* fry Ralph F Conch, Wash, D C

OPPER mined and refined in the' United States is in daily J use in varitually every section of the world. Two-thirds of all copper produced in this country is exported. The smelting and refining of copper is a manufacturing process that operates on a margin between cost of production and selling price, whicn is one of the smallest known in American industry. The copper smelter has but 6 cents left for profit, overhead and taxes from each dollar which he takes in, according to a study of the industry made by the United States Government. Wages cost him 4 cents and materials 30. A 10 per cent increase in wages would force the copper smelter to increase the selling price of his product four-tenths of 1 cent on each dollar. AID per cent Increase in the cost of materials would force a selling price boost of 9 cents on each dollar. NEXT—SaIt. Marriage Licenses G H. Wilson. 21. 240 N. Mount; Marzueriti- Doyle. 19. 1531 Garfield Fred Stephens. 27. 2154 N. Illinois: Florence Reid. 18 130 W. Nineteenth. Births Theory ami Opal Mutt, Lone Hospital. Jiv ob and Anna Stalling. 560 Warren. George ami Goldie Lean.an. 1721 Bates. Charles and Naomi Dietz 1134 Harlan William and Ruth Geldhot, Methodist Hospital Theodore and Geneve Greener, Methodist Hospital. Dwight and Clara Pottinger, Methodist Hospital. Shlrl and Edna Kssig. 352 N. Arsenal, riri. George and Florence Morris, 818 Carlisle. Thomas and Mary Noble. St Vincent Hob pit at Frank ami Emma Lewis. 246 N Bellview. Ella ami Georgia True. Long Hospital. James amt Delia Dunbar. Long Hospital. Floyd and Ruth Durnell. 2215 N. Dearborn William aud Nellie Cook. 1851 S. Keystone. timer and Nell Crosier 623 N. Euclid Herbert and Mary Dwyer. 940 N, Keating. Girls Morris and Gladys Drake. Long Hospital Darrell and Martha Clearwater, 3448 N. Capitol. Thomas arid Hemice Bowen. Mrthodiat Hospital. Otto and Gertrude Pohler Methodist Hos pital. David and Serena Calderhead. 3103 K. M iehigan. Vietor and Edith Beckertch. St Vincent Hospital. Charles and Katherine Jack. St Vincent Hospital. Thomas and Helen Broden. St. Vincent Hospital. Edgar ami Mabel Mills 1552 I-exlngton. Tranui and Mabel Nieoloff Long Hospital William and Gladys Pickard • tty hospital Eugene and Marie Duffey. 802 N. Wallace. Floyd and Estelle Davis. 1142 Mapel. Twins Phillip and Rose Soyfried. 1509 Union, girl and boy Deaths Lutesna Woodruff.'29. 1015 E. Twentieth, pulmonary tuberculosis Erie John list ling. 02 2342 Bellfontaine. cerebral apoplexy. Albert Everett tTeegardcn, 41, city hospital lobar pneumonia. Herman Trimlle, 42. Methodist Hospital, cerebral apoplexy Johannah Texton. 06 4350 Ritter, pulmo> nrv ! reillosts Alice Miller. 11. city hospital, cerebro spiuui no .ni-itis John M. Traub, 27. Methodist Hospital, toxemia. Harvey P Lesley. 71. 219 Fulton, acute pulmonary oedema Essie Milliken Vaughn. 32. 325% W. Twelfth, carcinoma Robert Preston, 5 months. 938 W. Twen-ty-Fifth. broncho pneumonia John Watt*. 08 4143 Cornelius acute myocarditis. Building Permits A N. Colins, repairs. 4427 N. Pennsylvania, S4OO. Ooorge Lucas, moot. 1734 N, Meridian, $320. William H. Block Company, repairs. 26 N. Illinois. $.300 . Samuel C. Hoerger. dwelling. 3309 W. Stxteentb. $3,025. Jacob'Reuter, remodel. 718 Shelby. $250. A W. Cox. dwelling. 1244 N. Bellview, $2,800. A. W. Cox. furnace. 1248 N. Bellview. S2OO A. W. Cox, furnace, 1244 N. Bellvtew, S2OO. A W. Cox. dwelling. 1248 N. Bellview. $2 800. Polar Ice and Fuel Company, warehouse. Twentieth and Northwestern. $5,000. Cloud A Piper, dwelling. 4714 Central. $6,700 Everett A Allison, dwelling. 5250 N. New Jersey. $7,800. J. E. Murphy, furnace. 1248 Ashland. $247.

BUS ORDINANCE BLOCKED CouiHilmen Point to Interference With .Jitney Operators. Legal complications probably will prevent action by the city council on an ordinance regulating busses on city streets, it was learned today. No action has been taken on a measure, pending for several weeks, which would grant an exclusive franchise to the Indianapolis Motor Coach Company. Couhoilmen pointed out that the exclusive franchise provision would interfere with jitney bus operation on the south side. OSTLING SERVICES TODAY Architect’s Funeral Held at Home of Son at 2 P. M. Funeral services for Brie John Ostling, 62, w r ho died Monday night fol lowing an illness three years, were held at the home of his son, H. E. Ostling, £342 HeUefontaine St., at 2 p. m. Burial in Crown Hill cemetery. Mr. Ostling was born in Sweden and came to America w'hen he was 18 year sold. He lived here eight years. He was an architect. Surviving: The the son. H. E. Ostling; a sister, Mrs. Kate Thurn, ] and a brother, Louis Ostling, Chicago. ; Man Found Unconscious Martin Gordon, 45, of 557% W. Washington St., is in city hospital suffering from what police said they believe to be acute alcoholism. Gregory Dale, of the first aid department of Kingan & Cos., calling on Gordon who suffered injury to a foot at the Kingan plant Saturday, found him unconscious. He had suffered cuts on the face and head, police said.

INDIANAPOLIS TER MINAL WAREHOUSE

To take care of exacting demand of shipping requirements in Injiianapolis, the Pennsylvania railroad system is constructing an extension of tracks at new produce yards in S. Pennsylvania St. Improvements include an extension of the present subway and will consist of a steel bridge to conform with track elevation requirements of the downtown district.

CITY EMPLOYERS TO ELECT EIGHT DIRECTORS FEB. 8 Interesting Addresses Scheduled for Annual Meeting of Association. Rise and fall of bolshevism ifi soviet Russia and radical activities in America will be discussed by Jacob H. Rubin of Milwaukee. Wis., In a talk on "Russia From Within’’ at the twentieth annual meeting of the Associated Employers of Indianapolis in the auditorium of the Indiana Pythian Bldg., Feb. 8. Rubin has a personal acquaintanceship with i.enin and Trotsky and for more limn twenty years was a Socialist iader in the United States. He was editor of a Socalist newspaper and a lecturer on Socialism. Eight directors to serve three years will be elected. The directorate is composed of twenty-four members. Following brief reports from officers and committees a short business session will be held. An address on "The Law of Supply and Demand-Economics of Employment Relations" will be delivered by G. W. Dyer, professor of economics at Vanderbilt University. He will discuss mutuality of interest between employer and employe, and emphasizing the need and value of employe education in the economics of industrial management and relations. DON’T TAKE ’EM OFF YET Weatherman Says Colder Temperature and Snow Is in Sight. Colder weather by Thursday afternoon and night with temperature reaching 20 to 25 degrees is the prediction of J. H. Armlngton, local weather meteorologist. "The cold weather will not come in fast enough to cause a recurrence of the cold wave,” Armington said. The mercury will register above freezing tonight with probably rain. Arin'ng ton said that with the falling temperature Thursday there was possibility of snow. "Temperatures all over the country today show a general rise and the colder weather is confined to the Northwest, although it is not as cold there as preceding the recent coltl wave," Armington said. ‘SPREE’ PROBE CONTINUED Companions Held During Investigation of Man’s Sudden Death. Investigation of the death of John Powers, 65. rooming at 512 W. Pearl St., who died suddenly Tuesday after an alleged drinking bout, was continued today by Coroner Paul Robinson. Death was due to wood alcohol poisoning, Robinson said. Police were told that Robert Newton, 512 w. Pearl St.; Herman Boader of Oastleton, Ind., 512 W. Pearl St., and Powers purchased alcohol from a neighborhood drug store late Monday and engaged in a j “spree” throughout the night. Newton j and Boader are held under high bond.

SKIN IS GRAFTED Five Hoy Friends Give Flesh for Operation on Fowler Lad. By Times Special LAFAYETTE, Ind., Jan. 9. — Clarence Hagenbunch, 15, Fowler, is recovering today from a skin grafting operation at the Home hospital. Five boys friends permitted skin removed from their thighs for the operation. He was injured about a month ago when an explosion occurred in starting a fire.

The Copper Situation and the Copper Securities The improvement in the Copper Industry warrants careful consld--1 ration of the outlook for the copper producers. Our carefully prepared Analytical Digest covering fourteen prominent members of this group should prove very valuable to the prospective investor. Ask for Booklet C P. No Obligation. (No Promotion#) F. H. McNULTY & CO. Ground Floor 171 Quincy Street Phone Wabash 3147 New York Chicago Pittsburgh

Two tracks, each with capacity of four cars, are to be constructed inside the new Indianapolis Terminal Warehouse, which will be one of the largest in the country. Facilities for Interurban loading will be located on the ground floor. The railroad tracks will enter the building on the third floor. Work is to be completed by Feb. 1.

TOO COLD IN INDIANA Alleged Escaped Soidier Wants to Return to Wright Field. By Times Special DAYTON, Ind., Jan. 9. —“It’s too cold in Indiana and I want to come back to Ohio,” Lieut. Winfield Hamlin, J’c.st adjutant, Wright Field, says Robert Miller, formerly attached to the Eighty-Eighth Aero Suadron. confided to him over the telephone from Wabash, Ind. Miller was taken to Columbus, 0., in an airplane recently to be tried for alleged fraudulent enlistment. He escaped from jail there, it is said, and went to Wabash. Officials say he will be brought back and tried for his alleged double offense. RITES FRIDAY FOR ' ACCIDENT VICTIM Parents Survive Veteran Crushed by Trucks. The Rev. D. L. Thomas, pastor of tiie Barth Place M. E. Church, will have charge of % funeral services of Hugh Monroe, 32. ren St., who died la:i* Tin-sday VL irag the city hospital .. of injuries received earlier in the day, at the -S home Friday oftjt" ernoon. Burial in Crown Point fjpTfM, r { v Monroe, employe nR s os the D. Jc D. \ I Tr an sf e r ComI | *1 v mk Patiy. was crush.-. 1 Ik] ■■U-' G. tween h:s and one driven by William Jenkins. HUGH MONROE 1110 W. New York St., another emsmplojo of the company, attempting to help Monroe start his stalled truck at Pearl and New Jersey Sts. During the World War Monroe was a member of the 334th Infantry. 34th Division. Surviving are the parents, Mr. and Mrs. Philip Monroe, and two brothers, James and Clifford, all of Indianapolis! KIWANIS OFFICIALS MEET Trustees, Presidents and .Secretaries of Indiana Clubs at Claypool. Trustees, presidents and secretaries of Indiana Khvanis clubs gathered today at the Claypool to review the club’s work in 1923 and outline the 1924 program. Speakers included District Governor J. Tom Arbuckle, Rushville; Retiring District Governor Burton D. Myers, Bloomington: Past District Governor John NT. Bromert. Indianapolis: Paul Feltus. Bloomington, district secretary, and Linfield Myers, Anderson, district treasurer.

l JSff I LIBERT Y BONDS! Newton SELL 415 LEMCKE BUILDING lOflu

Grow with Indiana Anticipating Indiana’s future, our great Super-Power pTant, now builds ing on the Wabash near Terre Haute, . is nearing completion. It will be an oosier important factor in the state’s indusInvestment trial development; also, it will insure the steady growth of Central Indiana Power Company, now supplying electric service in 127 communities. Better Than YOU can profit by this growth r / 1 through investment in our Preferred ■/2 /O Shares—s92.so each, to yield better than 7 1 / 4%. Sold for cash or on payon Your ments of $5 down and $5 monthly per Savings share: 6% interest allowed on partial payments. Investigate. INVESTMENT DEPARTMENT Central Indiana Power |l Company Merchants Heat and Light Company Northern Indiana- Power Company -5.- Wabash Talley Kleetric Company Valparaiso Lighting Company Indiana Electric Corporation. yi-r*J5-cJyS3i A Hoosier Institution

WEDNESDAY, JAN. 9,1924

POLICY OF BRITISH TABOR MINISTRY, AVOIDSEXTREMES Press Expresses Satisfaction Over Outline Given by Ramsay MacDonald, By United Press LONDON! Jan. 9.—Ramsay MacDonald has outlined the program of a forthcoming labor government—and England finds itself less frightened. The press congratulated MacDonald on the address he delivered Tuesday night at Royal Albert Hall In celebration of labor’s victory. As forecast, MacDonald said labor’s first and principal objective is a better understanding with Frtwe and the world as a whole, recognition of Russia and support of the League of Nations. Also MacDonald revealed his intention of avoiding, as premier, any laborite agitation for extreme legisla-, tion.

It was this last phase of his program that brought the open manifestations of relief and, in many unexpected quarters, support for MacDonald. The Times says the future premier acquitted himself with ability. It Is not easy, the newspaper explains, to be rhetorical enough to please aIU j the laborite followers without belnfl j inflammatory, or moderate enough t? avoid frightening the timid. The Morning i’ost says MacDonald’s policy compares favorably with Lloyd George’s in past twenty years. sixcrlm AUTO BREAKS ICE Tragedy Occurs in Attempt to Cross Lake. By United Press ALEXANDRIA, Minn., Jan. Six persons were drowned and three escaped when an automobile broke through thin ice on Lake Andrews Tuesday night. Mrs. Pearl Glade and her two email children, Mrs. Rollo Glade and baby and Rudolph Wolfe, brother of Mrs. Rollo Glade, were the victims. The two husbands, brothers, escaped and saved their sister, Doris , Glade. The party was crossing the ice er, route to an entertainment across the lake. Carl Glade and Rudolph Wolfe were following, walking in the tracks made by the machine. Without warning the car through the ice. The two unaware of the calamity, stepped Into the open water, where other members of the family were struggling. SHRINE PARTY PUBLIC Patrons at Show Monday Invited to Dance Afterward. Shriners will hold a theater party Monday night at the opening of “Blossom Time” at the Murat. The public is invited, and those wishing to see the opening performance are asked to purchase tickets at the box office. At a dance in the Egyptian room, following the performance, those attending are to be guests of Shriners. Committee in charge. Edward J. Gausephol. chairman: R. A. Miller, vice chairman: Walter T. White, Clyde Titus, Charles A. Rusch, Albert Hoffmeister. George Wellbaum, Paul Maas. Homer Cook. William Anding, Boyd W. Templeton. Scot Wade, Charles Cent. James Makin, Charles A. Harms, John R. Browne, A. W. Kuerst, Carson Harris. Carl B. Julian and William D. Keeman. Game Season (loses Thursday The last day for lawful hunting of wild game in Indiana is Thursday, officials of the State conservation department pointed out today. The closed season continues until April 1, when rabbits may be lawfully shot. Real hunting starts again Aug. 1, when the squirrel season opens. 4