Indianapolis Times, Volume 35, Number 208, Indianapolis, Marion County, 12 January 1924 — Page 11

SATURDAY, JAN. 12,1924

STEELS FEATURE GENERAL MARKET IN BRIEFSESSIGN Industrial Specialties Are Close Runners-up, However —Trade Active, The WALL STREET JOURNAL NEW YORK. Jan. 12.—The mercantile agencies at the close of the week spoke of the Indications of revival from the year-end recession In gen eral business with activity In" steel and automobiles lines especially. These reports furnished the evidence which Wall Street has awaited regarding the manner in which the net year wis opening up. and stocks displayed fresh buoyancy in the early dealings. Baldwin and Steel were the real leaders. reflecting /preparations under way for the account of the strongest interests in the financial district to make these two issues the features of next week’s phase of the current bullish demonstrations. First Hour. No further progress on the upside was scored by the main body of stocks in the first hour, but the general list maintained a strong tone and opera tic ns for the rise went ahead in vari ous industrial specialties. WillysOverland issues were outstand;ng features, the preferred reaching its h.ghest price since 1920„ at 87%. This stock In rapid advance reflects the expectation that resumption of dividends will be d.scussed n the near future. The company In 1923 earned approximately S6O a share on tins issue. Accumulated dividends amounted to 22 per cent on Jan. 1. Closing Hour New favorites were taken up in the industrial specialty class in the final dealings, including Congoleum and Famous Players. In the main body of stocks the principal feature was the strnegth of the steels. Steel common continued in demand at par and new highs on the movement were reached by Republic at 63% and Beth lehem at 55%. A Washington disi patch said the officials do not expect Increased discount rates just now. Twenty active industrial stocks on Saturday averaged 97.25, oil .26 per 1 cent. Twenty active rails averaged 32.63, up .04 per cent. Local Bank Clearings Indiana:,ua bans; clearings Saturday were >4,978.000: 'or the week. 523.2u4,0u0. Bank debit* Saturday were $6,430,000; lor the week. $.37,099,000. Foreign Exchange By United Financial NT.W YOIiK. Jan. 12.—Foreign ex’hantfe aiarKet clone,' lower: Sterling, demand. 94.26 %. French, demand. 4.67 c Lire demand. 4.38 c. Beigian. demand. 419 Vi c. Marks 5 tniloin to the dollar. Drachma. demand. 17.33 c. Guild,rs demand, 37 47c. Pesetas, demand, 13.73 c S ede.' •.’emand. 26.27 c. Norway, demand. 14.28 c. Denmark, demand, 17.40 c. BOND TRADING STEADY IN TWO-HOUR SESSION Low Rate 'of Call Money Attracts Many Investors. Sy United Financial NEW YORK. Jan. 12.—The bond market during today's two-hour trading period remained steady to the dost. Many looked for a general even-ns up and the usual Saturday prolit-taking. * However, the low call money rate of 3% per cent ruling from Friday afternoon until Monday morning was an added inducement to hold securities. Industrial bonds showed up quite as well as the rails, though the later enjoyed the bulk of the trading. Although Liberty bonds made good progress this week and are now approaching par. it must be remembered that the last few points to par are the hardest, particularly as there there would be little support from Great Britain in the second and fourth Liberty 4 Vis climb to 100. Trading in foreign issues has been light owing to the uncertainty of the outlook In Europe until the reparations question is thrashed out. New York Liberty Bonds t Prev. Hisrh. Low. Close. Close. 3%S 99.31 99.25 33.31 99.26 Ist 4%s 99.49 99.1 99.1 99.2 2d 4 % s 99.4 00.1 09.3 99.1 3d 4 > 4 s 99.27 99.25 99.26 99.20 4th 4 % s 99.4 99.3 99.4 99 2 New Gov ....100.00 99.31 100.00 109.00 Note—Quoted in decimal thirty-seconds. Produce Markets INDIANAPOLIS. Jan. 12.—Fresh egsrs, loss off. 36c. packing stock butter, 27c. -prints over 2 lbs.. 19c: fowls. 4>4 lbs up. 21c fowls, under 4Vi lbs.. 17c: Leghorn poultry. 25 per cent discount; cocks, 11c: stags. 14c: capons 7 lbs. up. 20c: young tom turkeys. 12 lbs. up. 27c; young hen turkeys. 8 lbs. up. 27e; old tom turkeys. 20c; ducks. 4 lbs . 20c: ceese, 10 lbs. up. 14c: squabs. 11 lbs to the doz., $5; old guineas, doz.. 55: Indianapolis creameries are paying 50c per lb. for butterfat. CHICAGO. Jaa. 12.—Butter—Receipts, 7.422: creamery extra. 53 He: standards. 62c: firsts. 47 4f 49c: seconds. 44® 45c. Eggs Receipts. 7,533: ordinary firsts. 32 @ 33c: firsts. 36c. Cheese—Twins, 21 Vic: j young Americas. 23c. Poultry'—Receipts, 4 cars: fowls. 10(421 He: ducks. 19c; geese,! 13c: turkeys. 22e; springs, 19c: roosters.! 14c. Potatoes—Receipts. 834 cars. Quotations: Wisconsin round whites. $1,204 ' 1.55: Minnesota round whites, $1 104, 1.35; Red River Ghios. $1.50® 1.60. CLEVELAND. Jan. 12.—Butter—Extra, in tubs. 57%@59%e: extra firsts. 56 Vi ® 58 tie: firsts. 55 Vs @>s6 %e: packing stock, j 27@31e; standard. 55Vi @s7Vie: prints le extra Eggs—Fresh gathered northern ex- j tras. 41c: extra firsts, 39c: Ohio firsts, 38c: western firsts 37c: refrigerated extra 29c: 1 refrigerated eggs, firsts. 27c. Poultry—Live fat fowls. 23 @ 25c % springers. 33© .4c Leghorns, 14® 15c; old roosters. 14® 15c: geese 15@20e: heavy white ducks, 25@2He; light colored ducks. 19® 20c: medium fowls. 38®20c: turkeys. 28e. Potatoes—Michigan round whites. 52.25® 2.35 Chios. $2.50@ 2.65: Minnesota whiles. $1.3541.50; New Chicago Stocks (By Thomson & McKinnon) Open. High. Low Close. Arm'r pfd. 111 81% 81"* 81 >i 81 >i Conti Motors. 7 4 8 7 4 7 4 Natl Lea new 3V4 3Vi 3 4 3Vi Mont Ward.. 26 26 25 7 „ 25 4 Bassick 37% 38 37% 38 Reo Motors.. 18% 18 4 18% 18% Swift Inti... 19 4 19% 19% 19% btew-art-W ..101% 101 99 ,100 Union Carbide 59% 59 % 59 59 Wahl 41 41 4040 Wrigley 39 40 39 39% Yellow Taxi.. 63 63 % 62Vi 62 Vi Local Wagon Wheat Laical mills and elevators are paying $1 for No. 2 red wheat.

New York Stocks (By Thomson & McKinnon) —Jan, 12—

Railroads— „ Prev. High. Low. Close, close. Atchison ...98% .... 98 4 98% B. & 0 58% 58 Vj 58% 08% C. & 0 74% 73% 74 74 C. & N. W. R. 51 % 51 % 51 % C.. R A P. . 25% 25% 25% 25% Erie 25 Vs 24 % 25 2o % Erie Ist pfd. 32% 32 Vi 32% 33 Gt. No pfd.. 58 67% 68 08 Lehigh Val.. 63% 63% 63% 63% N. Y Cen.. 103 102% 102% 102% N Y N H & H 19 18 4 18% 18% No. Pacific.. 54% 53% 54% 64 Pere Marq.. 43% .... 43% -4^*V% Pennsylvania.. 43 % .... 43 % 43 % Reading .... 79 78 78% 77% So. Railway. 42% 42% 42 % 41% So. Pacific.. 88 % .... 87 % 88 % St. Paul pfd. 20% 25% 20 20% St. L. &S. W. 35% .... 35% 30 Union Pac.. 130% 130 4 730% 1 Wabash pfd.. 38 . 37% 38 Rubbers— Kelly-Spg .. 33% 33% 33% U. 9. Rubber 42% 42% 42% 42 4 Equipments— Am L0c0... 74% .... 74 4 74% Bald Loco.. 127% 120% 176% 1”V ? Gen. Electric 200 4 198% 200% Lima Loco. 67% .... 07% 68 Pullman .. 125 4 .• • • 124 4 12 West. Elec... 61% 60% 61 01 Bethlehem.... 55% 54% 55 64% Crucible 68 4 07 % 68 67 % Gulf States. . 84% 83% 84 84 Rep Iron Sc 9 53 % 62% 63% 52% U S Steel... 100% 99% 99% 99% Vanadium.... 31% 30% 30% 31 Motors— Chandler Mo. 64% ... 64% 64 Gen Motors.. 15% ... 15 15 Max Mo “A” 54% 53% 63% 54 % Max Mo ”B” 13% ... 15% 15% Studebakor ..107% 109% 106% 107% Stroberg 84% 84 84% 84% Stewart-W ..100% 99 100 4 9% Timken 40 % ... 40 4 40 % Willys-O’land. 11% 11 11% 10% Oil*— Calif Petrol.. 26% ... 20 20 Cosden 30 4 ... 35 % 35 %

COARSE GRAINS LEAD INIRAOE Corn Is Easily the Feature of Whole Grain Market, B i United Financial CHICAGO, Jan. 12.—Coarse grains featured a stronger close on the Chi j cage Board of Trade today. Good buying, based on unfavorable foreign crop news and some for even ; ing up together with strength in i coarse grains aided wheat to resist i stubbornly depressing influences and | mad foi a higher close, French fields 1 suffered the result of recent floods ! and other continentals declared we: ! weather and slow germination had ' affected crops. Corn led the entire grain marker. : Light offerings and urgent feeding de | mand were the features A leading leash house said bits in four Stares i Friday night brought only one car j Missouri River markets report urgent | demand for feed corn at a premlmum ; ; considerable above the Chicago basis.: Oats displayed the best tone in sever; 1 months. May reaching the old top Feeding demand and liberal buy Ing by Eastern shippers were the features. Provisions rallied late with grains and higher hogs and closed level with opening prices. Chicago Grain Table —Jan. 12WHEAT— Prrv. Open. High. Low Close. Close. May .. .109% 109% 108% 109% 109 July ...107% 107% 109% 107% 107% Sept. ...100% 106® 106% 100% 106 V. CORN— May 77% 77% 76% 78% 77 4 July ... 78% 79% 77% 79% 78 4 Sept. . . 79 4 SO 78 % 90 79 % OATS— May 46 46% 46 46% 46% July .... 44 4 44 % 44 4 44% 44% Sept. ..42 % 43 4 42 % 43 4 42 j RYE— May .... 75 75% 75 76 % 75 ! July ... 75 75 % 75 75 % 75 % LARD— Jan 12.20 12.20 12 15 12 20 12 22 RIBS—- • Jan .Nominal 9.95 0.05 CHICAGO. Jan 12— Primary receipts: | Wheat .509,000 ae-ainst 1 289.000: corn. 1,i 093.000 a.-ainst 1 500 000: oats. 547 000 1 iminst Rf’9.ooo. Shipments - Wh*-at 457.i 500 against 659,000: com 772 000 against 1.080 000: oats, 580 000 against 952,000. CHICAGO. Jan 12—Carlot receipts Wheat, 15: corn, 245; oats. 95: rye. 2. % Cash Grain INDIANAPOLIS. Jan. 12.—Total rc- ; <eipts for the day. 87 cars. Grain prices quoted f. o. b. basis. 41 He ! to New Y(Rk, hay on track. TndlanapolisBids for car lots of zraln at the Indii anapotta Board of Trade were: Wheat—Steady: No. 2 red $1.02® 1 05: No 2 hard. $1 @ 1 03 Corn—Firm: No. 2 I white. 73® 74c: No 3 white. To®J72e; No, 2 yellow, to®72c: No. 3 yellow 68®?Qo; jNo 2 mixed. 08® 70c: No. 3 mixed. 60® lose. Oats—Firm- No 2 white 43@44c; iNo 3 white. 41 % @43%c. Hay—Firm: No. j 1 ttmoth”. s24® 24 50: No. 2 timothy. $23 @ 23.50: No. 1 liirlit clover mixed. s23® 23.50: No. 1 clover hav. $35 50®26. —INSPECTIONS— Whea—No. 2 red, 1 car: No, 4 red. 1 car: No. 2 mixed. 1 car; total. 3 cars. Corn —No. 3 white. 4 cars No. 4 white. 6 cars: No. 5 white. .3 cars: No. 6 white. 5 cars: 1 No. 3 yellow. 1 car: No. 4 yellow, 5 cars: No 6 yellow, 20 cars; No. 0 yellow. 3 cars: No 3 mixed. 1 car: No. 4 mixed. 1 car: No. 5 mixed. 4 cars: No. 0 mixed. 1 car: foal. 54 cars. Oas—No. 2 white, 10 cars: No. 3 white. 12 cars: No. 4 white, 2 cars: l sample whie. 4 cars: total, 28 cars. Rye—i No. 3. 1 ea*; total. 1 car. Hay—No. I I clover mixed. 1 car; total. 1 car. CHCAGO. Jan 12.—Wheat—No. 2 hard. SI 07® 1.10 % ; No .3 hard. $lO5. Corn— No 2 yellow. 77® 77He: No 3 74%®! 76 %e; No 4 72® 7.3 c: No. 5. 09% ®7O Vie;! ! No. 6, 08® 60c: No. 2 mixed. 70c: No. 3 ! mixed. 73@74%c; No. 4 mixed. 71 % ® ■ 72 He: No 5 mixed. 60 %® 70c: No. 3j white. 76c: No 4 white, 73 4®7.3%c; No.! 5 mixed. 70® 71c: No. 6 white. 68Vic. Oats! —No. 3 white. 45 4® 46 Vic; No. 4 white.! 444®45c. Barley——6o®79c. Rye—No. 2.) none. Timothy—so.so(o,B. Clover—slß@ ! 23.50. TOLEDO. Jan. 12. —Wheat—Cash. $1 13. 1 Com—Cash, 81 %c. Rye—Cash 74c. Oats —Cash, 52 %c. Barley—Cash. 87c- Clover seed—Cash and January. $13.85: February unit March $1,390, Timothy—Cash and January. $4 02%; February. $4.10. Alsike —Cash and January $9 50 February $9 60; March. $9.70. Butter—sß® 59c. Egg*— 48c. Hay—s2B. ST. LOUIS, Jan. 12.—Wheat—No. 2 red, $1 18: No. 5 hard $1: Ju’y, $1.01%. Com —No! 3 white 77H@780: No. 4, 75%c; July 74 %c: Sep'tember. 75%c. Oats—No. 2 white. 48c: No. 3. 474®47%e: No. 4, 40% <3 46%e; May. 40%c. Grain Briefs CHICAGO, Jan. 12.—Despite warnings: that ports east of the Rockies are faced i with a serious wheat shortage, trading op-j erators refused to become alarmed. There will be suHeient supplies to meet all requirements. they said. Farmers with stocks of excellent com will hold off the market until next summer hoping for higher prices, a leading house declared. Any Increase in receipts at this time will be made up of poor and light-! weight quality There is a disposition to look for better wheat prices in the near future, while for j the present a decline would be acceptable i to most traders. The trade has apparently lost sight of i the fact that stocks of o'd com are exhaust- j ed. a corn specialist said. When the new. crop began to move, it was used to fill : up holes This is why stocks hare not accumulated. A broad demand exist* t* oats and traders look for takings to cents* here where stocks are fairly large and price* attractive.

Frev. High. Low. Cose. dose. Houston Oil.. 70% 69% 70 70% Mariand Oil. . 39% 37% 37% 38% Pan-Am Pete. 50% 55% 56 56 4 Pan-A Pete B 54 % 53 % 54 54 V* Pro and Ref 37 % .36 % 36 % 36 % Pure Oil 244 ... 24 24% Std Oil of Cal 64% 03% 63% 63% 1 Std Oil of N J 41 40% 41 40% Sinclair .27 20% 26% 20% Texas Cos 44% 43% 44% 44 Minings— Gt North Ore 29 % ... 28 % 29 4 Tex G & Sul 64% 03% 64 4 64% Coppers— Am Smelting 59 58 68% 59 Anaconda ... 37 % ... 37 37 % I Kennecott 35% 35 35% 35% Industrials— Amer Can ..110% 109 109% 109% Amer Wool . 77% 70 >4 76% 77 Cent Leather 15% ... 15% 15% Com and Tab 96 % ... 96 % 97 4 Cent Can ... 58 57% 5757% I Davison Chm 07 4 00 4 06 % 00 % Fam Players. 72 71 % 71% 71% Gen Asphalt. 45% ... 44% 44% Mont Ward.. 35% 25% 25% 26 Nat Enamel .43 % ... 4.3 43 Sears-Roebk . 90% 90 90% 90 4 US C I Pipe 78 % 77% 77 Vi 78 >%., U S Ind Aleo 70 ... 09 % 76 > j Utilities— Am T and T. 129 ... 129 128% Con Gas 6,3% 03 6.3% 6.3% Col Gas 35% 35% 35% 35% Shipping— Am Int Corp 24% 24 24 Vi 24 Int M M pfd 32 % 32 32 % 32 Foods— Am Sugar... 57% 57% 57% 57% Am Bt Sug. . 42% 42% 42% 42% Com Prod ..100 169 159% 100% Cu Crr Su pfd 63 % ... 02 % 62 Vi Cu-Am Sugar 34 % .34 34 4 .34 % * Punta Alegre 58% 58% 58% 58 4 Tobaccos— Am-Sumatra. 27 % 26% ”7% 25% Tob Prod B. 67 05% 07 65%

Your Dollar Uncle Sam Tells Who Gets It.

ZPt CT^CIXS /\jT\ U\ \ Cents NX /^CentsA 'Profit( ft *\ r "iQlS> \\ Overhead j \\ /nrJorf'nq 11 \Ta,, es c *” ,s / \n l ebor // o IS?>3 hflpph 6 ( rJ<7b 4/WSh.OC. j yrt ORE persons wear spectacles jVI today than ever before. Physll ■■ cians and physical trainers say that this is not because eyo* arc poorer than once. The i-en-ou la that many who were once troubled with poor sight and did not know it are now taking steps to have their sight coriected The materials in spectacles repre sent the chief factor in their cost according to figures collected by the Unit'd States Government. Materials represent 33 cents out of each dollar which the manufacturer receives. Wages are 26 per < ■< nt and profit and overhead 41 per cent. A 10 per cent wage increase would cause the manufacturer to add 2.6 cents to each dollar lie now receives A 10 jter cent increase in materials would cause the addition of 3.3 cents MAT: Meat. OIL AND GAS INCREASES ARE REFLECTED ON CURB Standard of Indiana Is Aided by Its Last Price increase. Hu United Financial NEW YORK, aJn. 12.—Additional advances in the price of crude oil and a renewal of Increase in gasoline prices over a \C-lde territory caused buiyancy in the Standard Oils on the curb in the short session today. Standard of Indiana was particularly aided by the prospects of increased earnings, due to gasoline de velopments, and this Issue gained a quarter point. Standard of Nebraska showed a gain of 3 in the late morn ing and Prairie Oil and Gas was up 1, Standard Oil of New York, %; Vacuum. %. and International Petro leum %. Magnolia gained 2, Ohio 1, and South Pennsylvania 1. The market was fairly active and higher at the opening and during the late morning additional activity was engendered by the admissiov of the Ward Bakery new issue. Kresge Department Stores registered a good recovery and Todij Shipyards went to 52 %. up 2 polnttKpver the previous close. Reo was better. Glen Alden was active, advancing to 78.

New York Curb Market (By Thomson & McKinnon! —Jan. 12— —Closing— Bid. Ask. Aims Parking 5 10 Curtis Aero, com 13 12 *4 Curtis Aero, pld . 35 4 V International Petroleum .. 20 % 21 Kirby Oil 1 % £ Mutual Oil 12 V* 12 % Standard Motors 2 % 2% j Salt Creek 22 % 23 Tonopah Extension 1 1 9-10 [Tonopah Mining 1% 1% United I* S new 7% 7 % U. S. Light and Heat..., 1 lk U. S. Light and Heat pfd 1 IV4 Yukon Gold Mine Cos. . . . 05 80 Jerome 1% 3 New Cornelia 18 Is 18% United Verde 27 V* 28 Omar Oil 75 80 Standard Oil Ind 00% 00' Standard Oil Kansas 47% 47% Standard Oil K.v 109% 110 Standard oil N. Y 40 ‘4 40% Prairie Oil and Gas 200 201 In the Cotton Market By Xinltcd Finuncial NEW YORK. Jan. 12. —Colton market opened higher: January 33.90 c, up 35 1 points: March 34.10 c. up 22; May 34.30 c, up 20. Open. High. Low Cose. January 33.90 33.90 33.00 33.00 March 34.10 34.10 33.84 33.84 May 34.20 34.70 33.05 33.95 July 33.12 33.10 32.96 32.95 October. 27.07 27.68 27.08 27.97 ' December 27.70 27.48 Dressed Beef Prices Wholesale selling prices on dheseed beef. Swift 7 /4 Cos.: Itibs—No. 2,30 c; No. 1,17 c Loins—No. 2. No. 3,18 c. Rounds— No 2,20 c; No. 3.15 c Chucks—No. 2. 18c; No. 2. 10c. Plain—No. 2,8 c; No. 3.7 c Raw Sugar Market Bn Pnitcd Financin' NEW YORK, Jan. 12.—Raw Sugar opened steady; January, 4.90<&4.9U0; March. [email protected]; May. [email protected]. CToverseed Market Local dealers are paying $101919 a bushel for cloverseed.

THE INDIANAPOLIS TIMES

ALE HOGS SEEL ■ AT FLAT PRICE Al! Weights and Classes Move at $7,60; Generally Steady, Hog Prices Day by Day Jan. 250-300 lbc 200-225 lbs. 150-180 lbs. 7. 7.80® "/ 85 7 75® 7.80 7.76® 7.80 8. 7.55® 7.05 7.50® 7.65 7.50 0. 7.45® 7.50 7.40® 7.45 7.35® 7.40 10. 7.40® 7.45 7 35® 7.40 7.35 11. 7.60® 7.65 7.60 7.60 12. 7.00 7.0 7.00 For the first time in many months, hogs sc-ld at a flat rifte in trading at the loca, livestock market today, all weights and grades selling at $7.60. with no sales reported above or below that tig ore. Practically the same thing occuired in Friday’s trading, except that a few extra fancy droves brought a premium of 6 cents. At $7 60 oy far the bulk of sales was steady, a nicke* loss having been scored on those farcies which might have brought Friday’s top of $7.65. Sows tuled vnenanged at $6.50 down, DUt pigs were weak to 25 cents lower at $7 down, due to a lack of competition, i’he day's receipts were light at 7,000. including 545 holders, but larger than most traders had expected With a search; of light hogs manifesting itself in primary market centers, the price spread as between lights and heavies has gradually worked closer for several weeks until at last til weights are selling at the same price. Compaied with last Saturday, prices closed the week steady to 15 cents higher. Little activity marked trading in the cattle department, usual Saturday dufine-s having gripped the market due to light receipts of 200 and lack of demand. The market closed the week about a quarter lower on steers, 25 to 50 cents lower on medium cows and 60 cents to $1 lower on medium heifers and steady on canners and cut ters. Steadiness characterized trading m the caif market, choice veals continuing to command Friday’s top of $15:59 and the bulk $14.50 to sls. Receipts 200. Extieme dullness reigned in the sheep arid lamb department, due to light receipts of less than twenty-five head. The market was nominally steady. —iiui„ — (’holer light* $ 7.00 I.rht mix,® 7alo Medium mixed 7 60 Heavyweight* 7 60 Too 7.00 Bulk of sale 7.00 Pig* 0 50® 7.09 I*.,eking sows 6.00® ,1.50 —Cattle— Few choice steo . . . . . slo.oo® 11.00 )T,me ri.ni f and steers. 1,000 to 1,800 lbs 9 CM) ® 9 50 Good to ctinhv steer.,. 1,000 tu 1.100 lbs 8.60© 0.00 Good to choice sU-ers. 1,000 to 1,200 lbs 7 50® 8.00 Good to ,-hojce suers. 1.000 to 1,700 lbs 0 60® 7 50 Common to medium ; leers, 800 to l.OtlT) Us . 6.00® 7.00 —Cows and Hrlfei*— Good to light heifers * 9 00® 10.00 Good heavyweights . 7 25® 0.00 Medium hejf. rs fij'rt® 7.25 Common eow* 3 00® 000 Fair -cows 0 60® 7 50 Cutters 2 75® .3 25 Camifm 2.25 © 3.75 ■—lt,ills Fancy butcher hulls $ 5 00® 6 00 Good to ehoioe butcher bull*. 500 ® 550 Bologna bull* 4.25® 4 75 —Calves— Choice reals $14.00® 15 50 Good vea.H 12 00© 14 00 L<ghtwei*hl veals io„u*', 13 *0 Common \e!e 800 ©lt 000 G'liunon heavies 6 10© 7 OO Top 15 50 —Sheep and Lambs— Extra chonx, lambs 1 10 on© 1.3 00 Heavy lamb* .. 8 00® 10.00 Cull lamb* 6.00© 700 Good to ehoioe ewes 4.00® 7 00 Culls 3.00© 3.00

Other Livestock CHICAGO. Jan 12—lion —Receipt*. 11,000: market 5® 10c up. tup. $; .>0: bulk. ,$5 u * 40- i.eavywoight. 91 30® 7 50: medium. $7 20 ®7t. litfht, s7® 7 40: hhl lights. $6.00® 7.25; heavy p.u-umv' Bmotith. ■m! 80® 7- packing sows rough. $U 60® 680 killing par* $5 75® 7. Cattle—Re- | ci’ipts, 1 000 market, compared week a£o. ■ beef steer*, yearlings uneven it >® . .. hi(h- ---| cr: In-between gratl e showing most advance: J extaeme fop yearling* sl2 25: lst heavies, . -’ ! 85; *ew me, tr ste< ■ to eel) Bhe-slock j and Stockers uneven, bulls 25c higher veal | calve*. 75c® $1.25 off: week s bum prices: bn f steers $10: Stockers and feeders. $5.25 H 7: fat cows. $4..*0 i.i. beef heifers, JBS 50® 750 veai calve*. *ll® i. sim p ! —Receipt* 2.000: liberal portion direct : market, steady: compared last week: ft ; wool lambs 15® 25c up shorn kinds un- . even, steady top fat lambs In the fleece, sl4: best fall shorn lambs. sl2 75: yearitus and feeding lambs show fat lambs ad | v a nee; best fed, sl3; fat sheep weak. 2>e off; best handywetght wethers. $10: ewes, $8.35: week's prices: fat wooled lamhs, sl3 <913 85: clipped lambs sll® 12 50: year ’lng wethers. $10.75® 11.50 aged. 8 . 0.75; fat ewes. $8.75®8; feeding lambs, sl2 © 12.75. CINCINNATI. Jan. 12.—Cattle—Rev-etpts, 250; market steady: shippers, $7.50® 9,50. j Calves-—Market steady: extras. sl3© 14. Hogs—Receipts. 2.000: market active. 750 higher: good to choice packers. SB. Sheep —Receipts, 200: market steady; extras, 04.50®6. Lambs—Market strong; fair to good. $13.60® 14. KANSAS CITY. Jan. 12— Cattle— Roeeipts, .300: calves. 100: market weak: desirable handy fed steers and yearlings, strong to 25c higher others nround steady: week* top. $10; bulk short fed. $7.7 • 8 25; all prices on she-stock uneven. 15®40c lower; mos. decline in-between grades; beef cows, s4® 5.50: canners and cutters. $2 ©3 2.>bulls steady ; bologna. $4.25® 4.75: veal 50c ®sl lower: mostly slu©ll top, $11.50; other calves, st®l.so lower; better grades of Stockers and feeders steady to 25c lower: Plainer cows dull 25® 50c lower; flesh feeders, top SB. bulk all classes. s6®7 50. Hogs—Receipts, 2.500: mostly 10 © 25c higher, packers top. $7.36: shipper top. $7 30: bulk 180 to 230-pouud averages, $7 10© 7.25 lighter weights and mixed grades showing most advance. Sheep—Receipts. 800: lambs, steady: week's top, $13.30: bulk feeders lots, sl2 8 •©1.3:1.>: dippers, sll© 11.25: sheep, feeding lambs around 25e higher: fat ewes largely, $7.50 ©8; shorn wethers, $7 50© 7.75. feeding lambs, $11.50© 12.25. top. $12.50. HAST ST. LOUIS. Jan. 12.—Cattle—Receipts. 350: market 25©40c lower: native beef steers, s7® 0.50; yearlings and heifers. *0.50©K.50; n;**, $4©5.50; canners and cutters. §2.15®3.35; calves. §12.50© 1.3 8(1: Stockers and fcoders, $4.15 @0.25. Hogs— Receipts. 8,500; market steady: heavy, [email protected]; medium. $7.30® 7.55; lights. 87 @ 7.50; light lights, s(>3s @7.40; packing sows, sb©o.s(l: pigs $6.75@7; bu k. $7 [email protected]. Sheep—Receipts, 150: market nominal; ewes. [email protected]: canners ami cutters, $1.50® 5.00; wool lambs. $11.75 @ 13.60. HAST BUFFALO. Jan. 12.—Cattle—Receipts. 300; market, slow and seady; 'ship ping steers, $9.50® 11: butcher gradu. sß® 8.25. Calves—Reeeips. 300: market, slow. $1 lower: culls to choice. s@ls. Sheep and lambs—Receipts, 1,000; market, lambs active: sheep, slow; choice lambs. sl3© 13.75; culls to choice, sß® 12.50; yearlings. [email protected]: sheep $3.50© 9.50. Hogs—Receipts, 6 400: market, active, 10@2ie higher: yorkers. [email protected]; pigs *6.75©7mlxed. $7 85 heavies. $7.85: roughs. s6® 6.25; stags $3.50©4.50 PITTSBURGH, Jan. 12.—Cattle—Receipt* light: market steady: choice, [email protected]; good. $8 75® 9.50; fair, [email protected]: veal calves. sls® 15.50. Sleep ana '...0s —Receipts light: market, steadv prim" st’ rs. 58 @8.50: good, $7.25 @7.75: fair mixed, s6© 7: lamzs, $lO @13.50. Hogs—Receipts, 20 double-decks; market higher; prime heavy, $8.15®>8.20; mediants, $8.20 i @8.25: heavy Yorkers, $8.20®8.25: light I Yorkers. $7.75® 8: pigs, $7.25 @7.50: roughs. [email protected]; stags. $3.50<@4. CLEVELAND, Jan. 12.—Hogs—Receipts, 2,500; market steady; Yorkers, $7.85: mixed, $7.85; medium. $7.85; pigs. $7: roughs, $6: stags, $4.50. Cattle—Receipts, 300: marke. slow, unchanged. Sheep and lambs —Receipts. 300; market $1 lower; top, sl4. Ca’ves—Receipt*. 600; market •low; top, $13.50.

Budget? Alas Ten envelopes, perhaps representing a New Year’s resolution that went astray, were received by The Times today from a reader who picked them up in front of the Lyric Theater on N. Illinois St. The owner had set about to keep a budget, and apparently he was Intending to put the money for each item in an envelope. On the outside of each envelope was written the amount It was to contain and the purpose for which the money was to be spent. Here is the xvay he divided his expenditures: Rent, $8 a week; pleasure (shows, dances, lodge dues, treats). $1.80; church, 10 cents: laundry. 60 cents; candy, $1.50; clothing, $6; tobacco, $1.60; groceries, $6; medicine, $1.50; bank, $5. The items total $32.

AUTOPSY PROVES ALCOHOL DID HOI KILL ALFRED LONG Investigation Started of False Report From City Hospital, Death of Alfred R. Long, S3, of 460 E. Washington St., at the city hos pltal Friday morning, was not due to .il’ohol poisoning, as reported by hos pltal attaches before an autopsy was performed today, according to Cor oner Paul F. Robinson Meningitis, following acute pneumonia, was found to have caused death. Robinson said. He said that here was found to be no liquor in the case. Report Invt'stigated Investigation is being made of the source of the report that Long died of a'coholic poisoning. Long was removed from the home of his father, Thomas W. Long. 768 Massachusetts Ave.. to the hospital Y.'tdnesday, when his condition be came critical. He had been ill since August, after un operation for removal of tonsils, his father said r o day. He had been at his father's home since Monday, when his con dltion became serious. Funeral Sunday Long had been employed three nr four years nt the Klee & Coleman Bottling Works, 421 S. Delaware St whore his father has worked thirty seven years. He served eighteen months in the United States Navy at' Great Lakes. 111. Funeral services will he held at 2.30 p. in. Sunday at Planner & Buchan an Chapel. The Rev. Ray Ragsdale will officiate. Burial at "‘’ali Creek cemetery'.

DETECTIVES SAT MOW SOLVED Claim Brothers Admit Connersville Slaying, By Time* Special CONNEHSVILLE, Ind.. Jan. 12. Ivory, 24, and Herman Castleman, 18. colored, brothers, have confessed to the robbery and murder of Marcus Hill, colored, we tthy poolroom owner, who was beaten and robbed of $350 Dec. 23. on his home about mid night, according to Guy Braughton, operative of the Qulgley-llylan detective agency. Hill was found near his home and was taken to a hospital where he died a few days later. At the request of Oonnersvillo authorities Detectives George Sneed and Edward Trabue, colored, Indianapolis, were sent here by Mayor Shank and helped In the case. Marriage Licenses H. O. Bratlv 21 Franklin County; Lucille fToyer. 20. 3700 N. Pennsylvania H. 9. Fossott, 23 470 W. Twelfth; Esther Dunn. 21, 320 W. Tenth D. A Beil 31 3543 N. Pennsylvania: Jessica Leath. 31 Cambridge Apts H. O Sehooley. 22. Madison. Ind : Gertrude Haller, 19 707 N Wallace Andv Trentalnnce. 28 2220 N. lUlnot# Ida Maddalane. 21 0220 N Illinois. Zero Horner. 20 Greenwood. Ind.; Emily Hynes, 20, 33 8 Tuxedo. Births Bov* Cedi and Mary Conger, dty hospital. George and Josephine Britton. 2240 Madison. Harry and Pinkie Lewis, 1143 S. Tremont. Alva and Myrtle Means, 254 Mtnkner, Otts and Louise Stewart. Long Hospital. Daniel and Marguerite McCarthy, 1043 Southern. Harlan and Mary O'Connor, St. Vincent's Hospital. Harry and Dorothy Kennedy, 2707 Shelby. Peter and Gusste Plnzzo, 602 S. East. Girls William and Katie Johnston, 1039 Coe. Romo and Elo-sle Haynes. 2321 Jackson. James and Daisy Dunkerson. 1206 E. Pratt. Roy and Alice Homer. 1408 Brookslde. Herbert and Edith NiebergaU, St. Vincent’s Hospital. Edwin and Jane Demnig. St. Vincent's Hospital. Vernon and Hollle Clark. 2622 Northwestern. Gustave and Margaret Pons, 1712 Central . Lester and Ethel Miller, 1010 3. Keystone. Harvey and Evelyn Engle, 2145 Boulevard PI, Prank and Onner Apel, 919 Prospect. Shelby and Art,ilia Braylo.lt, city hospital. Deaths Ewing Carr, 75. city hospital, chronic myocarditis. Flora E. Shank. 53. 0002 E. Washington. Influenza. WiUiam Edward Kemp. 67, 274 Bellvlew, mitral Insufficiency. Amanda lane Updograff. 78, 625 N. Beville, cerebral hemorrhage. Martha Berry. 55. 510 W. Michigan. cho'ecystttls. E’mira Campbell, .81, 1322 . Lexington. apoplexy. Mary M. Francisco, 68, 73S W. Eleventh, broncho pneumonia. A'ma S. Breedlove, 3. 1341 Madison, partussls. A'ice V. Mendenhall. 77, 3110 N. Illinois, apoplexy. John E. Jackson, 67. Methodist Hospital, lobar pneumonia Samuel P. Smith, 26, 406 N. State, pulmonary tuberculosis. Henry Scrivner. 97. city hospital, carcinoma. > Dorothy Elizabeth Co'Uer. 4 months. 712 3. Twelfth, simple meningitis. Abram Vorhees Underhill, 09, 8603 M. Illinois, chronic myocarditis.

80V, H SOUGHT BY POLICEMEN IN DAYTIMEHOLD-UP Times Carrier, 12, Is Victim —‘Robber’ Displays Gun, Officers Say, “I’ve got something in my pocket worth $25. Come behind this hedge and I'll show It to you.” That was the invitation given Williard Murphy, 12, son of Mrs. Nettie Murphy. 1401 Pleasant St., by Oliver Wells. 14, of 1408 Pleasant St., police said today. The boys were in front of 945 Lexington Ave. Murphy stepped behind the hedge with Wells. Wells had a revolver, which he pointed at the Murphy boy. Williard, a Times carrier, was collecting on his route. “Give me the money you've got. I've been holding up people. Now I want yours," Wells is reported to have said. “If you don’t give it to me by the rime I count three I’ll shoot you,” he threatened, Murphy told police. The boy said he complied. Wells tore a sheet from Murphy’s collection book and wrote a letter 'o his mother, Mrs. H. E. Bissell. 1408 Pleasant St. The note: "Dear Mother, I hope y6u get well O.K. I arn getting along all right. I will drop around and see you one day next week.” He gave the note to Murphy to de lijer, Murphy said. Accortlng to police, the Wells buy was hell at the Detention home for robbery. He escaped the night of Jan. 7, taking a boy's cap and a bicycle Following his escape he is said *o have gone to his home, and left th bicycle. No one was there, and he broke into a dresser and took his father's revolver, police said. Search of the neighborhood failed to reveal Wells.

MINE BUREAU AIOS IN SOOT PROBLEM Expert May Come to Help in Experiments. Prof. A. W. Cole, head of the mechanloal engineering department of Purdue University, today wrote the United States Bureau of Mines, Pittsburgh, Pa., to learn the proper way of ascertaining annual sootfall in Indianapolis. Professor Cole said the 1 bureau might send a scientific man to Indianapolis to help in experl ments A sub-committee of the Chamber of Commerce smoke abatement commit tee. meeting Friday with representa tlves of four local high schools deemed it impracticable to let boys and girls of chemistry and physic classes help In determining sootfail. Mrs J W Moore, representing the Woman's Department Club, said her organization would provide container* to collect soot. W. C. T. U. TO CELEBRATE Birthday of National Prohibition to Be Observed Wednesday. The Central W. C. T. U. will celebrate the birthday of national prohibition next Wednesday evening at the Wheeler City Rescue Mission. A playlet, "My Place, Your Place, Any Place,” is to be given under the direction of Miss Helen Ealand. The cast: Mrs. A. B. Craig, Mrs. F. L. Prow, Mrs. A. O. Rafferty. The East Park M. E. orchestra, under the leadership of Charles Byfield, will play. L. C. Maxoy and the Central W. C. T. U. quartette are to sing. H. E. Eberhardt will lead prayer service. CONFESSES INDIANA ‘JOBS' Young Man Arrested In St. Louis Tells of Indiana Robberies. Rfi United Press ST. LOUIS, Jan. 12.—Confession he had robbed hotel and residences in ten Illinois and Indlann towns was made to police today by William P. McDonald. 23, who. with Louis Ingram. 29, and two well dressed young women, were arrested in hotels. McDonald said he had stolen clothing. revolvers and valuables from hotels, homes and rooming houses in seventy Illinois towns and in Muncie, Terre Haute and Vincennes, lnd. ROTARIANS START DRIVE Club Committee Wants Every Member at French Lie Its Conference. District conference committee of the Indianapolis Rotary Club has started a campaign to have every member at the 1924 conference <tt French Lick and West Eaden Feb. 21. Wilbur T. Gruber, assistant secretary, announced today. About 243 members are in the race for the 1924 Edgar M. Heaton at tendance prize. The 1923 prize was awarded to Albert R. Worm, president of Worm & Cos. FORMER BANKER DIES Death of William & Overstreet Causes Shock Fata! to Wife. Friends here today learned of the death of Mrs. William S. Overstreet within one-half hour after the death of her husband, former Indianapolis hanker, at Raymondville, Texas. The stock of Mr. Overstreet,’ death is said to have caused the death of his wife. Mr. Overstreet was a son of Rich ard T. Overstreet, a banker at Franklin, Ind. His wife was the daughter of Isaac Thompson, ex-mayor of Franklin. Both bodies will be taken to Franklin for burial ■-> ' - -•-

Too Late! One of the things wrong with Indianapolis is Its “reversed layout.” Surveys of consulting engineers of the city plan commission show that the chief residential section should be on the south part of the city, while factories should be the north and east sides. The i> resent arrangement causes smoke and odors from the south and west to be blown across the broadest part of the residential section, since winds usually come from the south and southwest. "Well, it's a little late to start correcting that defect,” said Mayor Shank today when informed of the lop-sided condition of the city. “If we had to do the Job over again, maybe we could plan things right.”

BUTLER DECLARES ‘PHILLY’ CLEAN-UP HAS JUST BEGUN Second 48-Hour Offensive Is Planned Against Quaker City Crime, By United Press PHILADELPHIA, Jan. 12.—A second forty eight-hour offensive, against crime and vice was planned today by Brig. Gen. Smedley D. Butler, new director of public safety who in less than five days has turned Philadelphia from a wide open citv into a virtual Quakertown. With 973 of the 1,200 saioons closed tight and 90 per cent of the known vice dens wiped out, “Old Gimie* Eye" Butler has turned his attention tc gunmen, bandits, confidence men and dope sellers. Military tactics will be used tb combat banditry. Armed police sentries will be detailed tonight to guard every exit. Armor bandit chasing automobiles wiil be stationed at the city's —outskirts and at the forty-two pol lice stations. "The clean-up/tas Just begun,” Butler. visibly tited but still full of fight, declared when he reached the office this morning.

BONUS ASSURED FAVORABLE ACTION \ Both Tax Cut and Compensation Scheduled to Pass, By Fnited Press WASHINGTON, Jan. 12.—Tax re duction legislation and the soldier bonus both are scheduled to pass the House before the end of February. Administration leaders today assured bonus advocates of favorable action on the McKenzie adjusted compensation bill by the Ways and Means Committee within a week after the tax bill is sent to the House. It was indicated also the tax bill would be framed wit hthe passage of a bonus in view. With the way cleared for early con sideration of both taxes and bonuses. Administration leaders today sought a compromise with the Democrats on provisions of the Mellon bill. ———————————— From Far and Near Charles A. Stoneham. part owner of the Now York Giants, was indicted in New York Federal Court Friday on charge of using mails to defraud in connection with the Stoneham brokerage house. Governor Morgan, West Virginia, commuted the death sentence of James Aiello, slayer of his brother-in-law and two children, two hours before Aiello was scheduled to hang. He was given life imprisonment. Mrs. Louise Davis China, prominent social leader of Sumpter, South Carolina. charged with murder of her husband. wealthy banker, died Friday from pneumonia. Deputy Herrlot of the French caliinet launched an attack against Premier Poincalre Friday, for ht3 policy tfi foreign and International affairs. William G. McAdoo, Democratic presidential candidate, dissolved fear of convention fight when he stated, he preferred question of two-third rule In convention go over until aftai nominations are made. Premier Venlzelos formed his own cabinet Ftiday, heading the govern i tent which will endeavor to bring Greece through present crisis. Ex-Governor Louts B. Hanna, has been chosen Coolidge manager for Notth Dakota. Cuban interests on one side and refiners in this country are opposing factions in the fight on the sugar schedule in the Fordney McCumber tariff act, ready to battle before the tariff commission Tuesday. Leigh C. Palmer, president of the Emergency Fleet Corporation, taking office Friday, declared a strong and efficient merchant marine must be kept upon the seas. Building Permits Henry V. Minkner, remodel, 238 Koehne. *2OO. H Robtnowitz, purage. 856 S. Meridian, $3,000. Boarxi of school commi -doners, building Hoehester and (V . out. SI4S 050. Singer Sewing vfaohine Company, partition 126 VV. Washington, 5275. Paul Gauss, furnace. 714 8. Meridian. $30,!. Hulda 8. Hxusen dwelling. 13(19 N. Parker, $3,000 R ar-d P Gertchen. dweilln*. 112&HolUday. *4 300. Plaza Garage elm. 33 W. ftamont. 5450. N. L. FrnkU tgn. 248 N. Capitol. *270.

STATE TROOPS TO REMAIN ON DUTY IN ILLINOIS CITY Efforts to Have Firearm Permits Revoked FailYoung Disappears. I By United Press MARION. 111, Jan. 12.—State troops called out to quiet riot conditions threatening a booze-war in William* ; son county will stay Indefinitely, Deputy Sheriff Layman said today following return from Herrin, where ha went with Sam Stearns, exalted cyj clops of the Ku-Klux Klan. in an attempt to obtain revocation of permits to carry revolvers, issued to scores of residents. Layman, representative of Sheriff Oalligan, charged Stearns had beci unable to get Herrin justices of the peace, who were Klansmen. to revoke the permits they had issued. “Jack, I have failed,” Layman said the cyclops told rtlhn. ‘The Ku-Klux Klan has fallen through.” Layman declared. S. Glenn Young, leader of the Klan booze raids which resulted in the guncarrying permits being taken out and a dozen other disturbances, causing Sheriff Galligan to ask for State troops because the situation was "getting out of his control.” has left Williamson county, it was believed todav. The grand iury. Deputy Layman charged today, will not indict Young, as it was made up of Klansmen selected by the antl-Galllgan board of supervisors at its monthly meeting in December. Ah future liquor raids will be conducted exclusively by Federal agents, Loeffier said. y severaThundred ATTENDCONCERT War Mothers Get Proceeds of Musicale, * An entertainment given for the benefit of the Marlon County chapter of American War Mothers by the Woman’s Department Club Friday night was attended by several hundred people. The Schubert quartet, composed of Bessie May Lowry, soprano: Ila Frier mood, contralto: George Kadel, tenor, and Fred Jefry, tenor, sang “Sextet From Lucia” and several other class!- 4 cal and semi-classical numbers. Mrs. Robert O. Bonner, violinist! Miss Estelle White, cellist, and Mrs* Frank Wilhite, harpist, members of the Webber trio, assisted in the concert. The quartet was accompanied by Miss Berta May Ruick.

HOO-HIS HAYE CHARGE OF MEET Lumbermen to Be Entertained by 'Vicegerent Snark’ et al. The Concatenated Order" of HooHoo, a fraternal organization of lumbermen, wifi have charge of the program on the first night of the convention of the Retail Lumber Dealers’ Association of Indiana, Jan. 16-18, at the Severin. O. E Cratvford of the G. C. Goss Lumber Company, who was recently apppointed "vicegerent snark of the Indianapolis district of Hoo-Hoo,” Is laying plans for the meeting, aided by other district officers. Everything in “Hoo-Hoo.” members explain, centers around the nine mythical lives of the black cat. Meetings are begun either on the ninth hour or the ninth minute: there are nine supreme officers, nine points In the order’s code of ethics and the initiation fee Is $9 99. THREE RIDE IN PATROL Police Crusade Against Boulevard Stop Violations. Asserting that during the "slippery street” period motorists have been falling to stop before crossing ential traffic streets. Traffic Captain Michael J. Glenn today assigned three men in plain clothes to watch for violations with orders to send those caught to headquarters In the patrol wagon. As alleged violators, Charles MeClennon. 3925 Central Ave.; William Kirkhoff. 323 E Merrill St., and Frank Campbell, 2202 E’ernway Ave.; Henry Maxey, 25, colored, 916 N. California St.: Roy Blackwell. 21, of 3155 N. New Jersey St.; William Bertram, 36, of 154 W. Arizona St.: Roy Davis, 28, of 702 N. Meridian St.: John Chance. 20, R. R. O, box 3: Robert Miller, 23, of 2118 Olive St., and Andy Dunivan, 35, Stilesvllle, Ind., took the ride. FORMER TEACHER DIES i Services Will Be H; ld Monday for Miss Grace Howard Turner. The Rev, Edward Haines Klstler, |s>stjr of the Fourth Presbyterian Church, will cfficiato at 10 a. m. Monday at funeral services of Mlsa Grace Howard Turner. 31 who died Friday at her apartment at 37 W. Twenty-Third St. Services wall be conducted at the home. Burial irt Crown Hill cemetery. Miss Turner was born in Nebraska. She had lived in Indianapolis twenty years. She was a graduate of Shortridge High School and the Indlanapo lis Normal Training School. For several >* ars, she taught in the Riley school. Heart trouble caused death. Surviving are the mother, Mrs. Nettle ifcjach Turner, and Mlsa Mary Oewent Turner, a slater, i • : . A,

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