Indianapolis Times, Volume 35, Number 207, Indianapolis, Marion County, 11 January 1924 — Page 17

FRIDAY, JAN. 11, 1924

ATTACK ON MOTOR GROUP PAILS TO ‘ UNBALANCE LIST Professional Selling and Profit Taking Effect Only Few Stocks, BALDWIN IS LEADER Sears-Roebuck Goes Into New High Ground, Followed by May Stores, TheWALL STREET JOURNAL NEW YORK, Jan. 11.—Stocks were stimulated in the early dealings today by the successmul movement of the Republican caucus in the House to side track the bonus measure in favor of the tax-reduction bill. Another Important constructive factor was the extraordinary jump in the reserve ratio of the Federal Bank of New York, which broke all records for a single week’s improvement. Baldwin was the leader of the industrial group in initial dealings, spurting to around the best levels of the current movement, while Steel followed and J rails maintained their buoyancy. First Hour Irregularity characterized the market toward the close of the first hour when considerable profit-taking and professional selling appeared. The bears concentrated on the motor stocks in the belief that most of the bullish ammunition had been exhausted as the local automobile show reached an end. But the general list was not without features of strength. SearsRoebuck went into new high ground on the movement at 90% and May Department Stores at 91. Second Hour Trading was relatively slow around neon, the volume showing a marked tendency to fall off when prices receded. This situation discouraged professional attempts to start a decline end the general list was practically free from selling pressure. While bullish demonsitations in various gioups were not so much in evidence as in other recent sessions, forward movements continued in individual issues. The oil failed to respond to the lifting of the ban on Durbank production which was another indication of Improving conditions in the ndustry. Noon Hour Rumors were current during noon dealings that the clique responsible for Castiron Pipe’s spectacular upswing had pretty well completed its operations in that stock and was turnking its attention to Hayes Wheel. But "these reports caused no let-up in safeguards taken by option dealers to protect themselves against further gyrations in Castiron Pipe. This was evident from the fact that they refused to sell calls at less than 10 points above the market or puts at less than 15 under the market. Fourth Hour Call money in the afternoon was at 3% per cent, the lowest figure since Sept. 30 last, when loans were made at 3% per cent. This easier tone in money emboldened pool managers to resume operations in their favorites, and further advances took place in several industrial specialties. Stew-art-Warner advanced to anew high on the movement at 97% by inside buying based on the expectation of an extra dividend of $1 at the January meeteing, in addition to the regular quarterly payment of $2.50. Twenty active industrial stocks on Thursday averaged 97.23, up .18 per cent. Twenty active rails averaged 82.80. off .25 per cent. Foreign Exchange By United Financial NEW YORK. Jan 11.—Foreign exchange opened lower: Sterling, demand. $4.27% : cable*. 4.28%. Franca. demand. 4 81c: cables, 4 81%c. Lire, demand. 4.36 %c: cables, 4.37 c. Belgian, demand. 4.26 %c: cables. 4.27 c. Marks. 6 trillion to the dollar. Czecho, demand. 2.90%c cables, 2.91 c. Swiss, demand, 17.36 c: cables, 17.38 c. Guilders. demand. 37.65 c: cables. 37.68 c. Pesetas, demand. 12.74 c: cables. 12.75 c. Sweden, demand. 20.33 c: cables, 26.37 c. Norway, demand. 14.33 c: cables, 14.37 c. Denmark, demand. 17.46 c: cables. 17.50 c. .BOND TRADING ACTIVE ' DESPITE SMALL VOLUME Sidetracking of Bonus Issue Lends Impetus to List. By United Financial NEW YORK, Jan. 11.—While somewhat below the volume of the two previous sesssions, bond trading in the first hour today was again active and reflected a continued reinvestment of funds. Renewed impetus was given to the general list by the sidetracking of the bonus bill in favor of the tax reduction measure. Rails held the lead they have maintained for several days and considerable activity developed in St. Paul issues, 4s of '£s gaining % to 72%, anew high, on the current upswing. Rock Island refunding 4s gained one point to 76%, and Chicago. Terre Haute & Southeastern ss, 1% to 79%. Tractions were fairly active at fractionally higher prices. Interborough 6s gained % to 62. Brooklyn-Manhat-stan 6s firm around 73%. In the industrial group Pierce-Arrow 8s gained a half point to anew current high at 80% and Kelly 8s advanced 1% to 104%. Wilson first 6s "A” 96%, up %; Derry 7s 82, up 1. Sinclair Pipe Line 5s lost % at 85. Vitamin Authority to Speak E. V. McCollum, professor of chemical hygiene in the chemical school of hygiene of Johns Hopkins University, Baltimore, Md.. will speak in Butler k University chapel at 8 p. m. Monday, ' under auspices of Phi Kappa Phi, honorary scholastic fraternity. Professor McCollum is an authority on vitamins. Directors to Be Elected Directors of the Citizens Gas Company will be elected at a meeting -of the board of trustees next Monday momlng. J. D. Forrest and J. B Steep may discontinue their connec Woo with the board, it was said.

New York Stocks (By Thomson A McKinnon)

Railroads— 12:45 Prev. High. Low. p. m. dose. Atchison 98% 97% 98 98% B & 0 58% 57% 68% 60 C & 0 74% 74 74% 73% C&NWRy 51 % ... 51 % 61 % C. R & P... 26% 25% 26% 26% Erie 25% 25% 25% 26% Erie Ist pfd. 33% ... 33 33% Gt North pfd 68 ... 58 67 % Mo Pac pfd. 33% 33% 33% 33% N Y Centra: . 102% 102% 102% 102% NT. SH 4H 19% 18% 18% 19% Nor Pacific.. 54% 63% 54 54 P-Marquette.. 43% 43% 43% 43% Pennsylvania. 43% 43% 43% 43% Reading. 78% ... 78 78% Sou Railway. 4A % 41% 41% 41% St. Paul pfd. 26% 26% 20% St. L&SW 30 % ... ... 36 % U Pacific 130% 129% 130% 130% Wabash pfd.. 38% 37% 38% 38% Rubbers — Kelly Spr 34 33 % 33% 33% U S Rubber.. 42 % ... 42 41 % Equipments— Am Locomo. 74% 74% 74% 74% Baldwin Loo. 127% 126% 126% 126% Gen Electric..2oo 198% 199% 197% Lima Locomo 68 % 67 % 68 % 67 % Pullman 125 ... 124% 124% Westlngh El. 61% ... 60% 61% Steels— Bethlehem... 54% 54% 54% 54% Crucible 68% 07% 68 68 Gulf States.. 84% 83% 84 84% R. Iron A S.. 53 52% 62% 63 U. S. Steel..loo% 98% 99% 99% Minings— Gt No. Ore. .29 .... 29 29 Texas G. & S. 65% 64% 64% 64% Coppers— Am. Smelt... 59% ... 59% 60% Anaconda ..37% 37% 37% Kennecott .. 35% .... 35% 35% Motors— Chandler M.. 64% 63 64% 03% Gen. Motors.. 15% 15 15 15

Your Dollar Uncle Sam Tells Who Gets It, PHOTO ENGRAVING // Cerit% NN I 35 Overhead l| C. Crrt'i /nc/tjc/inq I \ Labor \ “Taxes JJ i&IS by Ralph F Couch. Viah^DC HOTO engraving makes possible ifiustration of advertisements, u newspapers and magazines. Without the photo engraver, who. in the space of a few minutes, reproduces a drawing or a photograph on a printing plate, the modern newspaper would lack pictures of current events. Popular periodicals would be simply page after page of close-packed type. Most newspaper plants operate their own photo engraving plants. For the business man who issues catalogues and booklets, however, the commercial engraving plant functions. The commercial plant enjoys a profit and overhead Item amounting to 47 I cents out of each dollar received, according to a study of the entire in dustry made by the United States j Government. Labor costs the commercial engraver 35 cents out of each dollar of receipts, and materials 18 Ce NEXT: Spectacles.

QUIET BUT FIRM TONE MARKS CURB DEALINGS Few of the Standard Oil Issues Work Slightly Higher. By United Financial NEW YORK, Jan. 11.—A quiet but firm tone existed throughout the curb market at the beginning of today’s session. A few active Standard Oils worked higher, Indiana selling up to 66, New Ycrk to 46 Vs and Nebraska to 209. Penn-Mexican Fuel sold down to 34%, off %. The market remained firm during the forenoon. Ohio Oil 76%, up \\ Geld Dust 37%, up %; Imperial Oil of Canada 116%, up 1; Magnolia 156; FUo 18%, up %; Salt Creek Producers 22%. up %. r Indianapolis Stocks —Jan. 11— Bid. Ask. Am Central Life 200 ... Am CreOHotint Cos pfd 97 % ... Belt K R com 73 77 Belt R R pfd 52% ... Century Bid? Cos pfd 99 % ... Cities Service Cos com 146 149% Cities Service Cos pfd 08 70 % Citizens Gas Cos com 29 30 Citizens Gas Cos pfd 100 103 Indiana Hotel com 125 ... Indiana Hotel pfd 100 ... Ind Nat Life Cos 8 ... Indiana Pipe Line Cos 92 90 Indiana Title Guaranty Cos ... 80 ... Indianapolis Abattoir pfd 49 Indianapolis Gas 49 % 62 Indpls & Northwestern pfd.. 34 ... Indpls & Southwestern pfd.. .. 60 Indpls Street Railway 50 Indpls Tel Cos com 1 ... Indpls Tel Cos pfd 90 ... Mer Pub Util Cos pfd 82 Nat Mot Car Cos 1 Pub Savings Ins Cos 12 ... Rauh Fertilizer pfd 49 ... Standard Oil Cos of Ind 65 67 Sterling Fire Ins Cos 10 ... T H I & E com 2 6 T H I & E pfd 10 17% T H T and L Cos pfd 80 90 Union Trae of Ind com 1 4 Union Trae of Ind Ist pfd.. 15 ... Union Trae of Ind 2d pfd.. 4 7% Van Camp Prod Ist pfd...... 100 Van Camp Products 2d pfd.. .. 100 Vandalia Coal Cos com 2 6 Vandalia Coal Cos pfd 7 12 Wabash Ry Cos com 12 14% Wabash Ry Cos pfd 37% 40 Bonds Belt R R & S Y 4s. May. 1930 81 Broad Ripple ss, July. 1923. .. 60 Cent Ind Gas ss, Sept.. 1931. 83 &7 C Ind Pow Cos 6s July, 1947 80% 90 Citizens Gas 6s, July. 1948. . 85 80 Citizens Gas 7s 100 % ... Citizens St R ss. May, 1923. 79 80 Ind Coke & G 6s. Apr.. 1948 89% 92% Ind Hotel ss, July. 1931 92% 97% Ind Hotel Cos 2d 6s, drawable 99 % ... Ind Northern 5s 81 ... Ind Ry A Lt 6s. Jan.. 1943... 90 95 Ind Serv Cor 6s. Jan., 1950. 80 ... Ind Un Trae 6s, July. 1930 .35 ... Indpls Ab Cos 7%5. Sep.. 1931 99 102 Indpls Col & So 6s Feb., 1948 90 100 IndpU Gas ss. Oct., 1952... 84 85 Indpls L & H ss. April. 1940 93 96 Indpls A Mart ss. Jan., 1932 55 60 Indpl6 North ss, July. 1932. 40 % 49 Indpls Northwestern 43% 48 Indpls A S E ss. Jan., 1023. .. 35 Indpls A S E ss. Jan.. 1932. . . 45 Indpls St Ry 4s. Jan. 1933 . 62 64 Indpls T and T ss. Jan., 1933 86% 87% Indpls Un Ry 4%5. Jan., 1905 94% ... Indpls Un Ry 5s 93 ... Indpls Wa 5% s. March. 1953 95 90% ndpls Wa 4%5. Jan., 1940 . 80 89 triers Pub Ber os. Apr., 1942 88 92 T H I A E 5. April. 1945. . 62 67 T H T A L ss, May, 1944. .81 Union Traction 6s 83 67% —^tltgw SI,OOO Indpls Gas 5s 85% $6,000 Citizens Gss 5s . 85%

' 12:46 Prev High. Lo 3 m. close. Max. M. (A) 54 53% 54 63% Max. M. (B) 15% 15% 15% Studebaker ..100% 105% 106% 106 Stewart-W... . 95% 94% 95% 94% Timken .... 40 % .... 4040 Willys-Over... 10% 10% 10% 10% Oils— Cal. Petrol... 26% 25% 26% 25% Cosden 36 Vi 35 % 35 % 35 % Houston Oil. 70% 09% 70 08% Marl and Oil.. 38 30 37% 36% P-Am Pete.. 55% 54% 55% 55% P-A Pete (B> 54 53 54 53% Pro. & Ref.. 37% 36% 37Vi 30% Pure Oil 24% 23% 24% 24 S. Oil of Cal 63% 62% 63% 62% 9. Oil of N. J. 40% 40% 40% 40% Sinclair 26% 25% 26% 25% Texas Cos.. . 44 43 % 44 43 % Industrials— Allied Chem.. 72% 72 72% 72 Amer Can ..108% 707% 107% 107% Amer Wool. 78% "V% 78 78 Com and Tab 97% 96% 96% 97 Vi Cont Can ... 57 % 56 % 67 % 57 Vi Davison Chm 68% 67% 67% 67% Fam Players. 71% 70% 71% 70% Gen Asphalt. 43% 42% 43% 42% Int Harvester 84 % .. . 84 84 Mont Ward.. 26V, 25% 20% 26% Sears-Roebk. 90% 88% 90% 88% USC! Pipe 79% 77% 79% 77% U S Ind Alco 70% 69% 70% 70 % Utilities— Am T and T. 128% ... 128% 128% Con Gas ... 63% 63% 63% 63Vi Shipping— Am Int Corp 24 ... 24 23% Int M M pfd 32% ... 32 32% Foods— Am Sugar. . . 58% 57% 58% 57 Am Bt Sug. . 43 % 43 43 % 43 Corn Prod .100% ... 160 159 % Cu Cn Su pfd 63 Vi 63 63% 62% Punta Alegre 58 ... 57 % 57 % Tobaccos— Am-Sumatra. 27% ... 20% 27 Tob Prod B. . 00 64 % 05 % 60 %

GRAINS-ARE SOLD ON Em BULGE Wheat’s Strength Is Due to Foreign Market Influences, By United Financial CHICAGO, Jan. 11.—Grains started higher on the Board of Trade today, but later met selling. Wheat's strong and higher opening was attributed to strength in foreign markets. Liverpool started higher on reportß that Argentine wheat arriving is In poor condition and necessitated buying in the Canadian stocks for quick shipment. Selling developed on the local exchange however, with the sharp break in sterling and francs and advices from Winnipeg that Canada is swamped with wheat and an embargo is being considered to relieve this condition. Fair selling for profits and by cash houses, the latter against city pur- j chases caused a relapse In corn prices • after a higher start. Profits were'> taken by recent buyers who now look for a reaction after th# long steady advance. Oats started unchanged to ftnotlonally higher. Most trading was in May without any features. Trade in provisions was confined to lard on a slightly lower basis. Chicago Grain Table —Jan. 11— WHEAT— Prev. Open. High. Low. 11:45. clow May .1.09% 1.09% 1.08% 1.08% I.OBV* 1.09% July .1.07% 1.07% 1.07% 1.07% 1.07% 1.07% Sept .1.06% 1.00% 1.06% 1.06% 1.06% CORN— May . .77% .77% .70% .76% .77% ' .77% July . .78% 78% .77% .77% .78 % 78% Sept. . .79% .79% .78% .78% .79% OATS— • May . .40% .46% .40 .46% .46%* .40% July . .44% .44% .44% .44% .44% j Sept. . .43 .43 .42% .42% .42 Vi CHICAGO, Jan. 11.—Primary receipts: ! Wheat. 511.000 against 1 238 000: com, 909.000 asainst 1,459 000: oats. 575.000 against. 779,000 Shipment*: wheat, 384,000 against 588.000 corn. 795 000 against 705,000; oats. 026,000 against 817,000. i CHICAGO. Jan. 11—Car lot receipts:; Wheat, 12; corn, 173: oats. 03. rye, 2.

Produce Markets CHICAGO. Jan. 11.—Butter—Receipts. ) 6.667: creamery extra, 53 He; standards, 62c; first*. 47<549c; seconds, 44 <345c. j Eggs—Receipts. 3,243; ordinary firsts, 32 H 4433 e; firsts. 35 H 030 c. Cheese—Twins, 21 Ho; young Americans. 23e. Poultry—! Receipts. 2 ears: fowls. 16 821 He; ducks, j 20c; geese. 14c: turkeys. 22c; roosters. 14c. Potatoes—Re , eipts, 140 oars. Quotations: Wisconsin whites 01.1501.50; Minnesota* U. S. No. 1, $1.2001.35. NEW YORK. Jan 11.—F'otir—Quiet and firm. Pork—Dull. Me 55—524.75. hard— Quiet: mid west spot, $13.25 013.36. Sugar —Raw. quiet. 6.40 c: refined, quiet: granulated, 8.25{i 8.60 c. Coffee—Rio spot. IOHQUHc; Santos No. 4. 15016 c. Tallow—Stronger: special to extra. 8 % 'llß He. Hay—Firmer; No 1, $15.50018: No. 3.sl3<3 14: clover $12012.50 Dressed poultry—Quiet turkeys. 24 040 c; chickens 18 045 c; fowls. 14030 c; capons, 25045 c; : ducks. Lon* Island. ’20031c. Live poultry j —Easy; geese. 21 <324c; ducks. 140 34c: ; fowls. 23 0 30c; turkeys 20025 c: chickens. 25 0 35c: broilers, 40045 c capons. 35 0 37c, al linexpress. Butter—Easier: receipts, 7 258: creamery extra. 54He: special market. 55055 He; state dairy tubs. 400 54c; Danish. 52 0 53c: Argentine. 41048‘ic Ca- 1 nadian, 484152 c. Eggs—Easier: receipts, 11.006 nearby whites, fancy, 40050 c; nearby state white. 400 50c; fresh firsts to extras. 39046 c; Pacific coast, 33 0 50c; western wnites, 40050 c; nearby browns. 47 @ 49c. Marriage Licenses Cornelius Green. 42. 2362 Yandes; Pearl Jackson, 43, 2325 Columbia. W. L. Montgomery. 21. 828 Edison; Ruth Kirkbride, 18. 234 Parkview. E. W. Richard. 32. 3360 W. Michigan: Mildred Boling, 10. R. R. C, box B-2. Luther Horton. 36, 2425 Stuart; Nora Clark. 26. 2425 Olney. Building Permits C. D. Bachelor, garage, 4245 Guilford, S3OO. Bert Witham, dwelling. 810 Colorado, $5,000. Bert Witham, furnace, 810 Colorado, $245. William L. Hurst, dwelling, 317 S. Rural, $3,500. i David McWhce, dwelling, 5216 N. New Jersey. $6,500. Louis H. Foust, dwelling, 1332 Blaine. | S3OO. Modestris Felt, repair. 1731 Boulevard PL. $2,698, Samuel Perkins, repairs, 1823 N. Dela-! ware, S2OO. Grace M. Carpenter, garage. 611 N. Colo- | rado. $225. Milton Rambo, garage, 2001 Highland, I $250. Henry Brick Company. building, 2825 | Massachusetts, S7OO. J. F. Cantwell Company, dwelling, 1614 Hoefgen, $2 000. R. J. Anderson, dwelling, 2410 Indianapolis, $2,500. R. J. Anderson, dwelling, 2414 Indianapolis. $2,500. R. J. Anderson, dwelling, 2418 Indianapolis. $2,500. R. J. Anderson, dwelling, 2420 Indianapolis. $2,500, Maggie Watson, double, 2437 Martindale, $2,500. State Life Building, reroof, 15 E. Washington, $1,400. William H. Block Company, reroof, 127 W. Market, $465. Alleged Bootlegger Sentenced Wilbur Edwards, colored, 943 S. Capitol Ave., was fined S3OO and costs )nd sentenced to ninety dftys at the T ndiana State farm today on a blind iger charge. His wife was released from the pjbarges

THE IN UiAJS APOLIiS TIMES

HOG PRICES SHOW 25-CENT ADVANCE Shippers Take Practically All Offerings in First Hour, Hog Prices Pay by Day Jan. 250-300 lbs. 200-225 lbs. 150-180 lbs. 5. 7.000 7.65 7.55® 7.00 7.500 7.55 7. 7.80 Hi: 7.85 7.75 0 7.80 7.75 0 7.80 8. 7.550 7.05 7.500 7.55 7.50 9. 7.450 7.50 7.40 0 7.45 7.35 0 7.40 10. 740 0 7.45 7.35 0 7.40 7.35 11. 7.600 7.65 7.00 7.60 The average cost of hogs advanced 25 cents in trading at the local livestock market today as the result of unusually light receipts of 8,000 head, inclusive of Thursday’s unsold numbering 936. Shippers took practically all the offering within the first half hour of trading, leaving about 1,000 head unsold at the end of the first hour. The offerings were takvn at practically one price, $7.60 for all weights and grades, exclusive of a top of $7.65 paid for a few fancy droves. Thursday’s hulk sold at $7 35, compared with the day's bulk at $7.60, showing an advance of a qua. ter. though the top of $7.05 was only 20 cents higher than on T 1 uraday. Both sows and pigs reflected the advance, pigs selling down from $7.25 ard sows down from $6.50. Experienced traders are pointing to the action of farmers in withholding their offerings on breaks and thus creating a shortage to the end that values he again readjusted as an increasing in dieation of a better financial eon d.tion as a whole among stock raisers. Quiet trading marked activity in the cattle department in which prices ,1-uled generally unchanged from Thursday's levels which represented a rather sharp break in heifer prices as compared -with a week ago. Some traders say heifer prices are as as $1 lower than on the high time last vveek. Receipts, 700. Strength characterized trading in the calf market and prices were strong to 50 cents higher with choice veals selling up to $15.50 and the hulk between $14.50 and sls. Re celpts, 500. Less than ten head of sheep were in the pens and the market was quoted as nominally steady. —IIS Choice lights $ 7 60 Light mixed 7 00 Medium mixed 700 Heavyweights . 7 000 7.65 Top 7 00 Bulk of sales 7.60 I*lX9 0.70 7.25 Packing sows 0.00 0 6.50 —Cattle— Few choice steers $lO 00 011.00 Prime corn fed steers, 1,000 to 1 800 lbs 9.00 0 9.50 Good to choice steers, 1,000 to 1.100 lbs 8 500 9.00 Good to choice steers, l .OOOto 1,200 lbs 7.50® 800 Good to choice steers, 1,000 to 1 700 lbs 660 3 7 0 Common to medium steers, 800 to 1.000 lbs 5 000 7.00 —Cows and Heifers— Good to light heifers $ 9.00 010.00 Good heavyweights 7.260 POO Medium heiff-rs 6 00® 7 25 Common cows 300 0 ri 00 Fair cows 6.60® 7.501 Cutters ... 2 75ft 3.25 Canner# 2.25® 3.75 —Bulls—. Faney butcher bulls $ 500 0 600 I Good to eholce butcher bulls. 6.000 6 50] Bologna bulls 4.25® 4.75] —Calves— Choice reals sl4 00® 15 50 Good veals 12 00 ft 14 OO l ightweight veals 10 000 12.00 Common veal# 800 ft 1000 Common heavies 6 00® 7.00 Top 16.60 —Sheep and Ijimbs— Extra choice lambs $lO 000 13.60 Heavy lambs 800 ft 10.00 Cull lambs 5.00® 7 00 Good to choice ewes 4 00® 7.00 Culls 2 00® 3.00 Other Livestock CHICAGO, ."an 11. —Cattle—Receipts. 5,000; beef • leers active, unevenly higher, mostly 15® 25c higher; spots more: shipping demand broad: best matured steers and yearlings, $1126; fat stock $8.26010 25 most other killing classes steady to strong: desirable vealerg unevenly lower to outsiders; steady to packers, $lO 50ft 11 60. Sheep—Receipts, 9.000 market fairly active; fat lambs steady around 16c higher: sbeep strong; feeding lambs steady: bulk fat wooled lambs early sl3® 13.03; tw*o decks to city butchers, sl4: good handyweight fat eweg, $7.75; good 08 pound freding iambs, $12.36. Hogs—Receipts, 47.000; market, 15 0 25c higher, top, $7 40 bulk. $7.1007.40; heavyweight, $7.25® 7 40; medium-weight, $7.15®7,40: lightweight, $0.9007.35: light light, $6.50® 7.20: paeklng hogs. smooth. $0 75® 7. packing hogs, rough, $6.50 06,75: slaughter pigs, $5.7508.75. EAST BUFFALO. Jan. 11—Cattle—Receipts. 400; market fairlv active, steady; shipping steers $9.60010.75; butcher grades. $7.7609.25; cows. $1.7500 75. Calves—Receipts. 1,%00; market slow, 50c lower; culls to choice. $4 016, Sheep and lambs—Receipts, 11,000; market slow, 50c lower: yearling# 50c lower; choii*e lambs, $13013.76: culls to choice, SBO 12.50: yearlings, $8,50 012.50; sheep. $3.60® $9.60. Hugs—Receipts. 12.800; market slow and 25050 c lower: Yorkers. $0.75® 7.75; pigs, $0.75: mixed. $7.7507.85; heavies, $7.750 7,85: roughs, $006.25; stags. $3.50 0 4 60. EAST ST. LOUIS. Jan. 11.—Cattle—Re ] eetpts, 900; market for beef steers nominal : native beef steesr, $9 75 up: yearlings and heifers, $9.25 up; cows, $406: can ners and cutters, $2.25 ft 3.25; calves, $13,25 013.50. Hogs*—Receipts. 12.000; mrxket 15026 c higher: heavy. $7.3# 07.65: medium, $7.30 07 55; lights. $7 07.50; light 'ichts, so.2sft’7 40; packing sows. so® 0.50; pigs. $0.2507; bulk. $7.2057.50. Sheep—Receipts, 2.500; mraket 25c higher: eweg, $607.75: cannon and cutters. 51.80 03.50; wool lambs, $11.75013.60. CLEVELAND. Jan. 11.—Hogs—Receipts, 8,000; market 25c higher; yorkers, $7.85; mixed, $7.85; medium. $7.85: pigs, $7 roughs, $6; stags. $4.50. Cattle —Receipts, 600: market slow and weak; good to choice bulla, good to choice steers, good to choice heifers, good to choice cows, fair to good cows, common cows and milkers, unchanged. Sheep and lambs—Receipts, 1,000; mark-t 25c to 50c lower; top. $13.50. Calves—Receipts, 3.000; market steady; top, $lO. PITTSBURGH, Jan. 11.—Cattle.—Receipts light, market steady; choice, $9.75010.60: good. $8.7509.50; fair. $0.5007.75; veal calves, $15.50 010. Sheep and lambs—Receipts light, market steady: prime wethers, $8 0 8.50; good, $7.25 0 7.75: fair mixed, $6 07; lambs. $lO 013.90. Hogs—Receipts, 30 double decks market higher; prime heavy, $8®8.10: mediums, $8.1008,15; heavy yorkers. SB.IO 08.15; light yorkers. $7.5007.75; pigs, $7 0 7.25; roughs, s6® 0.75; Stags, $3.50 04. KANSAS CITY. Jan. 11.—Cattle—Receipts. 1,000 calves, 300; all prices generally steady: enough here to test value's. Hogs —Receipts. 1.000; market, 15ft: 23c higher to shippers and traders: trader top, $7.10; shipper top. $7.05; bulk 130 to 150 pounds at $0 25 0 6.50: 170 to 230 pounds at SB.BO 07.05; packing sows. $0.6(1. Sheep—Receipts. 1.500: lambs strong to 15c higher: best wooled lambs offered, sl3; clippers, $11; odd lots of sheep steady. MYSTERIOUS SHOT FIRED Bullet Narrowly Misses Woman—Soldier Is Held. Police today were seeking the source og a shot which narrowly missed Mrs. Stanley Pitchford, at her refreshment stand at the motor bus terminal, 52 Kentucky Ave., Thursday evening. Officers held Vernie Smith, 23, soldier of Ft. Benjamin Harrison, on an intoxication charge, alleging he was asleep In a bus at the time the shot was fired, and asserting It was believed his pistol slipped from his holster and was accidentally discharged. The weapon was not found. Police say they believed other soldiers carried it away.

May Be President of Mexican Republic , . *•- .*: . *.sjj Meet a man figuring prominently now in the turmoil of Mexican politics. He is Jose Vasconcelos, minister of public instruction of Mexico. He may be proposed as a compromise candidate for the presidency, and In this way De la Huerta may consent to withdraw his candidacy upon the condition that General Calles, President Obregon’s candidate, feive his consent. mm couple ~ BACK IN FRANKLIN Swagert Jailed on Charge of Bigamy. Bu Time* Special FRANKLIN, Ind, Jan. 11—Loren Swagert of Newcastle and Marjorie lane of Franklin, to whom Swagert is alleged to be illegally married and who disappeared from here a day after the wedding in November, returned here from Florida today. A crowd met the couple at the station. The two were laughing and Joking, apparently unconcerned. Miss Lane went to the home of her father, John Lane and Swagert was placer in jail on charge of bigamy. At a preliminary hearing Swagert pleaded not guilty. His trial was set for Jan, 25. Swagert. officials charge, deserted a wife and child in Indianapolis and married Miss under the name of Johnson The couple left here in an automobile belonging to the girl’s father, police say. A search was started and the two found in Fernandina, Fla.

SO JUDGE KEEPS BOTH luihr Announces He Will I'se Scluuollinger and Engleke. Juvenile Judge Frank J. Lahr today notified county commissioners he would use their appointee, Albert J. Hchmolllnger, as a special investigator. Judge Ijahr qaid lie also will retain John Engleke. deputy prosecutor, whom the commissioners attempted to replace with Schmollinger. Prosecutor William Homy, who reappointed Engleke, will ask appropriatlo nos $1,200 to pay him, while Schmollinger will get the amount already set aside. It was said, however, the county council might, return appropriation for Juvenile Court investigator to the general fund, and grant Remy’s request. THRASHERMEN RE-ELECT W. H. Newson Continues Head of , State Organization. W. H. Newson, Elizabethtown, was re-elected president of the Indiana Brotherhood of Thrasherman at Tomlinson Hall today. Other officers re-elected were; Elmer Crull, Hagerstown, vice president, and W. E. McCreery, secretary treasurer. L. S. Inge, North Salem and Frank Mowry. BatesviHe, were elected to succeed Eldo Hackard and W. O. Schumaker on the executive committee. Other committeemen were re-elected. MOTORS TO BE STUDIED Indiana Engineers to Consider Invasion of Foreign Types. Motor performance and the invasion of foreign type motors will be discussed by Harry L. Horning, manager and designing engineer. Waukesha Mi#or Company, at the January meeting of the Indiana Society of Automotive Engineers at the Severin. A Ricardo type motor will be displayed and operated by Horning at the experimental laboratories of the Wheeler-Schebler Carburetor Company, Sanders St. and Barth Ave., in the afternoon. Dinner will be served at 6:30 p. m. at the* Severin. THEATERSTO STAY OPEN Lee Slmbert Answers “Closed Shop” Demand of Actors’ Association. B ;/ Inited Vries NEW YORK, Jan. 11.—“ The theaters will not close; the managers probably will reach an agreement with the actors, but agreement or not, the theaters will keep going.’’ Lee Shubert, head of Shubert Theatrical Company, controlling a majority of the New York theaters and most of those on the “road” circuit, made this announcement Thursday in connection with the “closed shop" demands of the Actors’ Equity Association. JERITZA TO SING HERE Famous Soprano Includes City in Her Tour. Maria Jeritza, famous soprano, who is the latest sensation of the Metropolitan Opera, New York, today was placed under contract by Cna B. Talbot to appear in recital at the Mural, Sunday afternoon, March 16. Mme. Jeritza soon leaves the Metropolitan Opera for a spring tour, which will include Indianapolis, St Louis, Akron. Springfield, Hartford, Montreal, Toronto, Washington and other cities. _

INDIANA PIONEER SLATE IN MAKING PORTLAND CEMENT Association Recalls Early History in Connection With Centennial, In connection with the celebration of the one hundredth anniversary of the invention of ortland cement, the Portland Cement Association is recalling the fact that one of the first cement factories in the United States was established in Indiana about fifty years after the material was invented. The factory was established by Thomas Millen of South Bend, who manufactured cement sewer pipes, and artificial ston% sidewalks. At first MilJ.en imported the cement and later manufactured it. The marl around the lakes at Notre Dame and the blu.e clay in the bed of the St. Joseph river appeared to be ideal raw materials for the product. Thomas Mullin would drive out to the lakes and get two pails of marl and then pick up a pail of clay at the river an;' take them to the plant in a buggy. His son, Duane Mullin, would then mix the materials with his hands and burn them in a sewer pipe. After burning they would grind them in a coffee rain. After six months of experiment a kiln was erected and the practical manufacture of cement started. Other factories were built soon afterward. SWAHS REQUESTS SALARY INCREASE Superintendent Says Teachers Paid More, Leo E. Swails. county superintendent of schools, today asked county commissioners to raise his salary from $2,400 a year to $4,500. He presented a request signed by eight of the nine township trustees, who have salaryfixing power, “with the consent of the commissioners.’’ Swails told the commissioners that he has twelve high schools, 248 teach ers, 1,250 high school students and 7,000 grade students under his control; that the city superintendent gets $7,500 a year and has much help while Swails has one stenographer, and that several teachers in schools under him draw more money.

LUMBER MEN TO MEET More Than 200 Delegate* Are Expected to Attend. The Indiana Hardwood Lumbermen's Association will hold Its twen-ty-fifth annual convention .Tan. 18 at the Severln. Lumber conditions in Indiana and other States will be studied. John W. McClure. Memphis, Tenn., president National Hardwood Lumbermen’s Association, will be the principal speaker. Over two hundred delegates will attend. The annual banquet and entertainment will be held in the evening. Officers are: H. Brook Sale. Ft. Wayne, president; Frank L. Donnell, Greensburg, first vice presidetn; William H. Day. New Albany, second vice president, and Edgar Richardson, Indianapolis, secretary-treasurer. LEGION MEETING SUNDAY Executive Committee to Consider lin- • port-ant Matters. Executive committeemen of the sixty departments of the American Legion, comprising every State and most American foreign possessions, will arrive Saturday for conference at national headquarters Sunday and Monday. Selection of a successor to Lemuel Bolles, national adjutant, resigned Is important business to be considered, with the proposal to establish a veterans' orphans home. Sub-committee meetings will be held Saturday. Who Does He Work For? County Attorney Russell J. Ryan today discussed with county commissioners the possibility of doing legal work for all county officials under his contract. Ryan said he would be willing to defend Sheriff George Snider in his numerous} habeas corpus suits. The sheriff has had to pay p.n attorney. Lee E. Swails, county school superintendent, raised the issue by asking commissioners if Ryan was not his legal adviser. Plumber Is Injured George Gwyn, 51, of 1131 Holliday St., was found unconscious today lying in a two-foot concrete trench at the New Progress Laundry, 432 E. Market St., Where he was working on a Job for Hayes Bros., plumbing contractors. Harry Mason, 2025 W. Washington St., and Albert Hoffmeyer, 337 N. Liberty St., plumbers, found him. He was taken to city hospital. It was thought he stumbled into the trench and suffered injuries to his back. “Missouri Isaw to Stop Fraud” “The new 1923 blue sky law* In Missouri will prevent millions of dollars loss in fraud," F. C. MUlspaugh, Missouri commissioner of finance, Jefferson, Mo., declared today. Millspaugh is understood to have appeared this afternoon before the Federal grand jury which is believed to be investigating the Hawkins Mortgage Company and Cooperative League of America. Special Assessors Recommend^ Two special deputies to make assessments of business houses not owned by corporations will be granted M. L. Jefferson by the county council, if it follows recommendations of the county board of review. Auditor Harry Dunn said today. At a recent meeting, it was said corporations were taxed to the full limit, but privately owned business houses escaped.

War Robbed Him of Job as Emperor . Meet Prince William von Preussen, the eldest son of the German ex-crown prince, now 17 years old. Had it not been for the war this young man very likely would some day have been emperor of Germany. GUARD OFFICERS ARE ASSIGNED General Smith Receives Orders From Washington, In event of war by the United States, every National Guard officer in Indiana will be given a definite duty, according to new assignments received today by Adjt. Gen. Harry B. Smith from the War Department. Three Indianapolis officers were given war emergency posts as follows; Lieut. Col. Edwin L. Nicholas, 1225 N. Keallng Ave., to the adjutant general’s department. Ft. Hayes, Ohio; Capt. Clarence Wysong, 602 N. Colorado Ave., to adjutant general's department. Ft. Benjamin Harrison, and Maj. Robert T. Axtell, 3616 Guilford Ave., to quartermaster corps, Ft. Benjamin Harrison. Capt. George Gawehn, Ft. W ayne, was also assigned duty at Ft. Harrison, while Lieut. Col. Milo B. Snyder, Cromwell, will go to the ordinance department, general area depot.

SMOKE TO BE MEASURED Siudeiils to Determine How Much Soot Falls. Plans for measuring the annual soot fall in Indianapolis with the assistance of the physic and chemistry classes of four high schools will be made late today at a meeting of a sub-committee of the Chamber of Commerce smoke abatement committee at the Chamber. Mrs. J. W. Moore of the Woman’s Department Clubs, will preside. Proof. A. W. Cole of Purdue and Dr. Ira H. Derby will speak. Milo H. Stuart, principal of Technical High School; E. H. K. McComb, principal ;>f Manual Training High School; Frank Wade, head of the chemistry department of Shortridge, and Brother Austin of Cathedral High School, have been invited. Members of the sub committee are; Mrs. Moore, chairman; Dr. Derby, and John F. White. two "reported Hussing Police Asked to Look for Men Who Disappear. Thomas A. Laftery. 47, of 2116 Woodlawn Ave., is reported missing from his home since Dec. 10. Police were given the following description; Smooth face, light complexion, blue eyes, gold front tooth and tatoo on arm. John R. Brown. 42, of 546 N. Noble St., Is reported missing since Wednesday. He has brown hair and eyes, dark complexion and clothing. Warrant Is Ordered Testimony introduced in the trial of Hercules Runyon, Clinton, Ind., today in Criminal Court on charges of transporting liquor that he worked for Tony Mitchell, of various residences, resulted In Judge James A. Collins instructing Claude M. Worley, court Investigator, to swear out an affidavit against Mitchell. Runyon was included in the new charge, that of transporting. Wool Pool Program Meeting Plans for pooling the 1924 production of wool In Indiana were to be made at a meeting of the wool pooling committee of the Indiana Farm Bureau Federation at the Severin today. Thirty counties were represented. Last year 408,000 pounds, about onetenth of the State wool production, wa spooled by 1,800 sheep raisers. Alleged HoldlJp Man Held Clifford Black, 22, colored, 328 Puryear St., Is under arrest today charged with the hold up of the Dave Lichtenburg dry goods store, Jan, 2.

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OBREGON WARNED TO CRUSH REBELS OR RESIGN POST Last Message to Be Delivered by the General Flores Faction, FRANK GIBLER Times Staff Correspondent MATAMOROS, Mexico, Jan. 11.— The last warning to Obregon to crush de ia Huorta or resign, will be delivered by the General Angel Flores faction in Mexico about the middle of this month. Already one warning has been sent to the Mexican president by the Flores group. This, delivered the last pari of December, gave him to under stand that peace must be restored throughout the republic or that Flores would take the field. Mexican leaders in Mexico City ad mit also the power of the northern general is growing so rapidly that unless Obregon complies with his demands he may be compelled to ab dicate. Obregon Cannot Comply And Obregon cannot comply, they essert, They point to the Federal army controlled to a large degree by, generals with whom Flores is not lr. sympathy and declare that these military leaders will refuse to allow Obregon to yield to Flores and that a revolt, headed by Flores, will follow. In Mexico City I called at the office of Gen. Miguel Acosta, assistant Secretary of W r ar. A prominent physician of the city also was in the office. General Acosta walked into an other room for a moment. “Who will be the next president of Mexico?” I asked the doctor, while Acosta was absent. Flores Next President “Gen. Angel Flores," he answered without hesitation. This state. Tamaulipas, probably would turn to Flores as soon as his revolt against the Obregon government was well under way. This would give him control of the Tampico oil fields, also the Panuco oil fields, just south of Tampico. Tamaulipas now has about 2,000 rebels in the field under the command of Gen. Cesar Lopez de Lara, former governor of the state. These men are fighting for the cause of De la Huerta, although their present revolutionary leader is not a popular man. The Ideas of their general and former governor are much more closely in accordance with those of Flores than with the ideas of De la Huerta, and their number would be doubled over night writh Flores carrying their standard, according to popular belief. GRAIN MEN HERE JAN. 17 Elaborate Entertainment Prepared for Visiting Dealers. An unusually elaborate program has been arranged for the annual convention of the Indiana Grain Dealers Association to be held here Jan. 17-IS. Among the speakers will be James P Goodrich, former Governor; Charles Quinn, secretary of the national association; Robert S. Binkerd, vice chairman of the public relations committee of eastern railroads: A. E, Reynolds of Crawfordsville; M. R. Myer3, publisher of the American Cooperative Journal, M. L. Winters of Chicago, and Prof. George L. Christie of Purdue University. The convention will open with entertainments by the Indianapolis Board of Tiade and the grain dealers of In dianapiilis. ROUSE IS RE-ELECTED Democrats Name Kentuckian Campaign Committee Chairman. By United Press Jan. IL—Representative Rouse, Kentucky, today was re-elected chairman of the Democratic congressional campaign committee, and Representative Clancy, Michigan, secretary, at a meeting of the Democrats of the House.

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We Offer 5% Indiana Road Bonds All Maturities to Yield 4%% 41-2% Indiana Road Bonds All Maturities to Yield 4.60% Owing to an apparent Increasing scarcity in Indiana Road Bonds, we consider these prices attractive at this time. Fletcher American Company Second Floor Fletcher American Bank Bldg., Indianapolis. Private wire to principal markets Chicago Detroit Louisville South Bend

American Telephone & Telegraph Cos. 137th Dividend The regular quarterly dividend of Two Dollars and Twenty-Five Cents per shan will be paid on Tuesday, January 15, 1924, to stockholders of record at thy close of business on Thursday, December 20, 1923. 11. BLAIR-SMITH. Treasurer.

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