Indianapolis Times, Volume 35, Number 211, Indianapolis, Marion County, 16 January 1924 — Page 11

WEDNESDAY, JAN. 16,1924

RALLY CONTINUES IN ttY SECTIONS OF GENERAL LIST Steel, Baldwin and Studebaker Are Leaders in Market's Recovery, CARRIERS ARE INACTIVE Pan Americans Fail to Respond, Due to Accute Mexican Situation, The WALL STREET JOURNAL >-TSTW YORK, Jan. 16.—Overnight developments left the economic sit uation unchanged and stocks continued to rally in progress at tho previous close. General Electric tured the industrials, selling -At 200, up 4 points from the low touched on the week’s reaction. Steel common was within fractional distance of the best price on the movement, while further recovery was scored by American and Continental Can and other leaders. The rails were quiet. First Hour Stocks gave unmistakable evidence through the first hour* of great im provement in the technical position as a result of the corrective setback earlier In the week. Brisk rebounds took place in Steel, Baldwin, Stuiebaker and other Industrial leaders. Continental Can came back nearly 3 points from Tuesday's low of 53%. Pan Americans failed to rally proportionately to the general list, owing to the fact that the Mexican rebels rue now in control of Mexican Petroleum’s pipe lines and refineries. Second Hour Resumption of the advance by various groups in the late morning followed the indications of strong support displayed in the earlier trading. Oils were a special feature, reflecting the multiplying signs of improvement In the Industry which are expected to force steadily increasing prices for petroleum products over the next six months. Unusual activity at rising prices took place in most of the low-priced issues, including Pacific Oil, Phillips, Marland and Simms. Twenty active industrial stocks on Tuesday averaged 06.09, w up .41 per cent. Twenty active rails averaged K&.98, off 1.77 per cent. Rail decline due to Reading selling ex-rights. | Local Bank Clearings ™ Indianapolis bank clearings Wednesday were $4,148,000: bank debits were $7.103.000. New York Money Market By United Financial NEW YORK Jan. IS—Tine money rates 4% 0 5 per cent for a’l dates. Commercial paper rates 4 % 0 5 per cent. Foreign Exchar>ge By l nited Financial NEW YORK, Jan. 16.—Foreign exchange opened higher: Ster’ing. demand. $4 25 44: cable. $4.20. French franc, demand. 4.57 He: cable. 4.58 c. Lire-, demand. 4.35 He: cable. 4.36 c. Belgian, demand, 4.12 Vi.;: cable 4.13 c Marks, 4.500.000.000,000 to the dollar. Czeeho. demand. 2.90 c: cable, 2.90 He. Swiss franc, demand. 17.29 c: cable. 17.31 c. Guilders, demand. 37.36 c: cable. 37.40 c. Pesetas, demand. 12.83 c: cable. 12.84 c. Sweden, demand 26.13 c: cable. 26 17c. Norway, demand. 14 20c: cable. 14.24 c. Denmark, demand, 17.33 c: cable. 17.37 c. OILS ARE FEATURED IN LIGHT CURB DEALINGS Prairie Rises Almost Two Points— Dublier Condenser Active. By United Financial NEW YORK. Jan. 16,—Oils were featured on light trading in the early dealings on the curb market today. Prairie Oil rose 1% to 258, Gulf advanced 1 to 61%, Ohio Oil Vfc to 7714 and Standard Oil of Nebraska 7 to 268. New York Telephone preferred sold at 111, off %. Dublier Condenser was the most active at 14%, up %. li ——i Produce Markets INDIANAPOLIS. Jan. 16.—Fresh eggs, loss off. 36c: packing stock butter. 27c: springs, over 2 lbs.. 19c fowls 4% lbs. up, 21c: fowls, under 4 % lbs., 17c: Leghorn poultry, 25 per cent discount; cooks, 11c: stags, lc: dapons, 7 ibs. m>. 26c: young tom turkeys. 12 lbs. up. 27c; young hen turkeys. 8 lbs up. 27c: old tom turkeys. 20c. ducks. 4 lbs.. 20c geese. 10 lbs. up, 14c: squabs, 11 lbs. to the doz.. $5: old guineas, doz.. S5. Indianapolis creameries are psytng 50e per ib. for butterfat. CHICAGO. Jaii. 13—Butter—Receipts, 8.273: creaniery extra. 52 tic; standards. 61 %c: firsts. 47@48 %c: seconds, 44 0 45c. Kgps—Receipts. 3,323: ordinary firsts, 336 34c: firsts. 37c. Cheese—Twins. 22c; young American- 74c. Poultry—Receipts, 3 cars: fowls. 18®22c: ducks. 21c: geese, 15c: turkeys. 20c; roosters, 14 Ho. Potatoes—Receipts. 716 cars. Quotations: .Wisconsin round whites. 01.20® 1.80: Minnesota U. S. No. 1. round whites. $1.2061.35: Red River Ohio#, $1.50; Michigan round whites. $1.50: Idaho russets, $2.1562.25. CLEVELAND. Jan 16.—Butter—Extra, in tubs, 67 6 59c; extra firsts. 566 58c: firsts. 65 656 c. packing stock, 26%®30%c: standard. 55 6 57c; prints lc a pound extra. Eggs—Fresh gathered northern extras. 42c: extra firsts, 40c: Ohio firsts, 39c; western firsts. 38c: refrigerated extras. 29c; refrigerated firsts. 27c. Poultry—Live fat fowis, 24 6 26c;. springers. 22 6 24c: Leghorns. 15 616. roosters. 14615 ■: teese. 18 6 20c: heavy white ducks. 26 6 26c: light enured ducks. 216 22c: medium fow.s, 20 6 22c: turkeys, 28a. Potatoes—Unchanged. NEW YORK. Jan. 16.—Flour—Firm, but dull. Pork—Dull; mess, $24.76 Lard— Easier: mid-west spot, $12.85 '% 12.95. Sugar—Row quiet. 6.05 c; refined steady: granulated, 8.2568.60 c. Coffee—Rio spot, 10% 6 10Tic: Santos No. 4, 16016%e. Tallow—steady: special to extra. 8% 68Vic. Hay—Easy. No. 1. $1.5061.55: No. 3. Mi. 306135; No. 4, $1.20 61.35. Dressed Bbultry—Firm: turkeys 24 6 40c: chickens, iß@4se: fowis. 14Q32c: capons, 25@46c; du*Kß. Long Island. 20 6 30c. Live poultry —lrregular: geese. 196 23c: ducks. 14 6 30c: fowls. 22@29c: turkeys. 25 0 30c, roosters. 13c: chickens. 20 @30c: brothers, 28633 c: irapons. 24<<>:ilc. Cheese—Firm: Ptate. whole milk, common to -pedal. 18 6 27c: State skims, choice to specials. 15 to 19c; lower grades. s lp 14c. Butter —Easier: receipts, 5.333: creamery extra. 53 %c; 6>eeail mSrket. 54@54%c: State dairy, tubs, 40653 c: Danish. 526 53c; Argentine. 41 @ 48 ! .A: Canadian. 48®57c. Eggs—Steady: ri ceipts. 17.218: nearby whites, fancy, 486 49c; nearby State white, 40 @ 49c; fresh firsts to extras, 38 6 45c; Padftc coast. 33 65014 a; western whites, 40649a: nearby hrowna 476400.

New York Stocks (By Thomson & McKinnon) —Jan. 16—

Railroads— 12:45 Prev. High. Low. p, m. closeAtchison 98% ... 98% 98 BSc 0 58% ... 68% 57% C & O 73% 73% 73% 72% C * N W Ry 51 50% 61 61 C. R & P... 25% 24% 25 24% Erie Ist pfd 33% 33 33% 33% Gt North pfd 67% 67% 67% 67 Lehigh Valley.. 60% 64 65% 64 N Y Central. 102% 101% 102% 101% NY. N Hit H 18% 18 18% 17% Nor Padftc.. 54% 53% 54% 63% P-Marquette.. 43 42% 43 42% Reading .... 58% 58% s 58% 57% Sou Railway. 42 41 41% 47% Sou Padfic. . 87 % 87 % 87 % 87 % St. Paul pfd. 27% 26% 27% 26% IT Pacific 129% 129% 129% 129 Wabash pfd.. 38 37% 37% 37 Rubbers—t-Kelly-Spr 32% 32 32% 32 U S Rubber. 40% 39% 40% 39% Equipments— Am. Locdmo. 73% 73% 73% 73% Baldwin L0c.124% 123% 124 123 Gen Electric. . 200% 199 199% 199 Lima Locomo 68 % 66 % 66 % 66 Pullman 122 ... 122 121% Westingh El. 61 00% 61 61 Steels— Bethlehem ...54% 54 54% 64 Crucible 66% 68% 60% 85% Gulf States.. 82% 81% 82 81 R Iron & S.. 52% 52% 62% 51% V. S. Steel.. 99% 99 99% 99 Vanadmm .. 30 30 29 % Coppers— Ath. Smelt... 59 68% 69 58% Anaconda . . 37 % 36 % 37 % 36 % Kennecott 35% 34% 35 34% Motors— Chandler M.. 62 01% 63 61 Gen. Motors . 15 9 14 % 15 14% Max. M. (A) 53 62% 51 Max. M. (B) 14% *4% 14% 14 Studebaker ..104% 103% 104% 104 OATS AND mIgT HIGHER AT START Wheat Slumps as Result of Foreign Situation. By United Financial CHICAGO. Jan. 16.—Grains opened irregular on the Board of Trade today. An Increase in Argentine's surplus and lower Liverpool cables were responsible for the opening slump in wheat. Liverpool opened off and at 2 p. m. showed further weakness. The latest estimate on Argentine s crop is 259,028,000 bushels against 249,000,000 bushels last year.

Good buying In corn gave that market a strong and higher opening. This was based on increased feeding demand, light movement In all directions and some export business. Heavy snows over the Central portions and Northwest will interfere with deliveries if any are offered, it is generally believed. Oats sold higher with corn and due also to light receipts. Opening trade in provisions was confined to lard which sold at inside figures. Chicago Grain Table —Jan 16— WHEAT— Prev. Open. High. Low. 11 -45. close. May .1.08% 1.09% 1.08% 1.09 1.09 1.09% July .1.07 1.08 1 07% 1.07% 1.07% Sept .1 06% 1.07 1.06 1.06% 1.00% CORN— May . .79 .79% .78% .79% .78% .78% .78% July . 79% .80% .79% .80% .79% 79 % 79 % Sept . 80% .81% .80% .81 .80% OATS— May . .47% .48 .47% .47% .47% .47% July . .45% .45% .45% .45% .45% .45% Sept. .43% .43% 43% .43% .43% CHICAGO. Jan. 10—Car lot receipts: Wheat. 21: corn. 184: oats. 61: rye, 4. Grain Briefs CHICAGO. Jan. 16.—Private reports indicate farmers have already sold approximately 75 per cent of their wheat. Experts believe surplus wheat east of Rockies is now on sale, baaing their opinion on small offerings from th# Pariflc Northwest. France will soon import foreign grains in an effort to reduce living costa, it was rumorod about tbs pit. Corn offcrlnge show a small increase, but are still light aompared with last year. Although weather conditions of last week were unfavorable, it is not expected that -winter fields will show much damage. B. W. Sn6w declared. Sentiment in wheat is gradually becoming more friendly to the buying side. Receipt* are light and domestic consumption is beginning to make inroads in visible supply points. The Argentine corn crop is progressing favorably and a record crop Is anticipated. Local Wagon Wheat Local mills and elevators are paying $1 for No. 2 red wheat. FRENCH AND MUNICIPAL BONDS EARLY FAVORITES \— St. Paul Issues Continue to Lead Carrier Group: Tractions Dull. By United Financial NEW YORK, Jan. 16.—Outstanding features of bond trading early today was the rally in French government and municipals in response to the better prices for French exchange. French 8s 89%. up %; 7%s 91%, up %: Lyons 6s and Marseilles 6s each rallied a point at 71%, and 73%, up %. St. Paul was again the favorite of the rails. All these issues were frac tionally higher, with convertible 4%s selling at 69, up %. Great Northern 5%s 58%, up 1%; market adjustable as at 54%, were up The tractions were dull, B. M. T. 6s 73%. off %. Idustrlals were slightly reactionary, Marine 6s 81%, off Wilson convertible 6s 91, off %: American Agriculture Chemical 7%s at 100%, up %. Cuban Sugar 8c at 1074, off 14. Tank Wagon Prices (Gasoline prices quoted do not include State tax of 3c a gallon.) GASOLINE—Energee, 20e a gallon: Purol, 10.2 c Red Crown. 16.2 c: Target 10.3 c: Sliver Flash. 20c: Staudolind aviation. 19.05 c. KEROSENE—Crystaline. 11.7 c. More Light. 14 65c: Perfection. 10.7 c. NAPTHA—Lion Power cleaners. 25.01 c: 1 M. & P., 20.01 c; standollnd cleaners, 20 010. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift A Cos : Ribs—No. 2,30 c; No. 1,17 c. Loins—No. 2,25 c: No. 3,18 c. Rounds— No. 2. 20c; No. t, 15c. Chucks—No. 2. 18c: No. 2. 10c. Plain—No. 2. 8c: No 3 7c Chance for Crew Vets By United Frees ANNAPOLIS, Md, Jan. 16.—Plana to call back the Navy oarsmen wh'. won the Olympic championship in 1920 and enter them as Navy club crow in, the American triala are being con-1 sldered her*.

12:45 Prev High. Low p m. close Steyrart-W.. . 99% 98% 99 97% Timken .... 39 % .... 39 % 39 % Wiilys-Over... 14 13% 13% 13% Minings— Gt. No. Ore.. 28% 28% 28% 28 Int. Nickel.. 13% 13% 13% 13% Oils— Cal. Petrol... 25% 25% 25% 25% Cosden 35% 35% 35% 35 % Houston Oil.. 68 ... 68 67% Marland Oil 37% 30% 37 37% P-Am. Pete.. 55 % 55 % 55 % 65 P Am. P. (B) 54% 53% 54 54% Pro. Sc Bet 36 Pure Oil ... 24% 23% 24% 23% S. Oil of Cal 04 63% 64 03% S. Oil of N. J..40% 40% 40 % 40% Sinclair >... 26% 23% 20% 25% Texas Cos.. Industrial#— Allied Chem, 71% 70% 71% 70% Anier Can ..107% 106% 107% 106% AmCr Wool. . 76 % 75 % 70 % 75 % Cont Can. ... 56% 55% 56% 54% Davison Chm 65% 64% 65% 64% Fam Players. 70% ... 70% 70% Gen Asphalt. 44% ... 44% 44% Mont Ward.. 26% ... 25% 25% Nat Enamel.. 44% ... 44 41% Sears Roebk . 91% 91 91% 81% U S C 1 Pipe 70% 67% 70 Vi 67% U S Ind Alco 70% 69 70% 68% Utilities— Am T and T. 129 129 129 129% Con Gas 03 ... 63 03 Col Gas 35% ... 33% 35 Shipping— Am Int Corp. 24 Vi 24 24 % 24 Int M M pfd. 30% ... 30% 80% Foods— Com Prod ..158% 156% 168% 157% Cu Cn Su pfd 62% ... 02’% 61% Tobacco*— Am-Sumatra. 26% ... 20% 26% Tob Prod B. 06 05% 60 66

PADDOCK AFFAIR . BOBS UP AGAIN A, A, U, Awaits Star's Application for Reinstatement. By HENRY L. FARRELL United Press Staff Correspondent NEW YORK. Jan. 16—Pressure brought on the A. A. U. to hear “the Paddock case" and settle the question of the eligibility of the California sprinter, brought word officially today the case will be put before a special committee just as soon as Paddock applies for reinstatement. Paddock, according to information received from the West, has prepared his application svith great care and is prepared to present it. Instead of providing a lot of fire works, the hearing may result in a very quiet announcement that Paddock is eligible to compete in the, Olympic games providing he can make the team. It is assumed, of course, that Paddock will have to compete in the trial events and that he will not be appointed to a place on the team because of his past performancee. "" Business News NEW YORK. Jan 10.—While indication* are that expenditures in the railroad companies of the United Staten for equipment in 1P24 will be less than those of 1923,“t should be remembered that exp< nditures in this line last year were the largest in the past sixteen years. -Beventeen railroads have already signified their intention to 177 locomotives. 500 passenger cars ana 17,000 freight oars, at an estimated cost of $63,000,000. This is exclusive of equipment previously ordered, but undeliver. and. Although Santa Fe gives no details, that road expects to spend some $22,000,000 for equipment. WASHINGTON —The chief of the bureau of domestic and foreign commerce estimates the approximate valoe of raw- cotton exports lor Dccerab r at $137.000.000. and for 1923 at $139,000,000. For December. 1922. exports ware valued at $79,712.886. ar,d for 1922 at $673,249,013. NEW YORK—The ifight of capital to America, as result of unbalanced European budgets cannot be halted by governmental i decrees, but only by a restoration of con-j fldenoe. This is the view taken by Haul M. Warburg, chairman of the board of In- j temational Acceptance Bank, in his annual I address to directors and stockholders. He j made the point that America's vast gold 1 holdings have begun to serve as the funda- I mental basis not only for our own currency I and credit structure, but also for that of the world. PITTSfIriRGH Northwestern Refiners hove advanced motor gasoline lc a gallon to 12 %c. NEW YORK—Three more Centrals have begun grinding in Cuba, making 150 now in oiieratlon. LONDON—General depression exist* here, owing to a variety of imiuences. These include the po-sibi'ity of a railroad strike here, the obscurity of the domestic political out 00k and the break in the French and Belgian franc and in sterling. Indianapolis Stocks —Jan. 14Bid. Ask Am Central Life 200 ... Am Creosoting Cos pfd 97 % ... Bet R R com . .. 73 ... Belt R R pfd 52 % ... Century Bldg Cos pfd 98% ... Cities Service Cos com 147% 150% Cities Service Cos pfd 68 70% Citizens Gas Cos com 29 31 Citizens Gas Cos pfd 100 103 Indiana Hotel ci-ra iOO ... Indiana Hotel pfd 100 ... Ind Nat Life Cos 8 ... Indiana I’ipe Line Cos 91 94 Indiana Title Guaranty Cos ... 80 ... Indtanapo’is Abattoir pfd 49 Indianapolis Gas 60 % 53 Indpls Sc Northwestern pfd .34 ... Indpis Sc Southwestern pfd.. .. 60 Indpls Street Railway 60 Indpls Tel Cos com J ... Indpls Tel Cos pfd 90 ... Mer Pub Util Cos pfd 82 ... Nat Mot Car Cos 2 Pub Savings Ins Cos 12 ... Rauh Fertilizer pfd 49 ... Standard Oil Cos of Ind .... 66 67 % Sterling Fire Ins Cos 10 ... T H I & F. com 2 5 T H I & E pfd 10 20 T H T and L Cos pfd 81 Union Trac of Ind com 4 Union Trac of Ind Ist pfd.. .. 30 Union Trac of Ind 2d pfd.. .. 7% I Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 * j Vandalia Coal Cos com 2 5 Vandalia Coal Cos pfd 7 12 Wabash Ry Cos i*om 12% 14 Wabash Ry Cos pfd 87 38% Bonds Belt R R & R Y 4s. May, 1930 81 Broad Ripple ss. July.) 1923... 66 Cent Ind Gas 5 Sept., 1931 . 82 87 C Ind Pow Cos 6s, July. 1947 87 Citizens Gas Jig. July. 1948.. 85% 87 Citizens Gas 7s .. . 100% ... Citizens St R ss. May. 1923. 80 82 Ind Coke & G 6s. Apr., 1948 80 92 % Ind Hotel ss. July. 1931.. . 92 % 97% Ind Hotel Cos 2d 6s, drawabie 99 % ... Ind Northern 5s 31 ... Ind Ry & Lt ss. Jan.. 1943... 90 ... Ind Serv Cor ss. Jan_ 1950. . . ... Ind U Trae 6s, July/ 1930 . 35 ... Indpls Ab Cos 7 %s, Sept., 1931 99 102 Indpls Col & So 6s. Feb.. 1948 96 100 Indpls Gas ss, Oct.. 1952. .. 84% 85% Indpls L & H ss, April. 1940 95% 90 Indpls & Mart ss. Jan.. 1932 54 Indpls North ss. July. 1932. 46 % 50 I Indpis Northwestern 43% 48 Indpls & S E ss. Jan.. 1923. . 35 Indpls St S E ss, Jan. 1932. . . 45 Indpls St Ry 4s. Jan.. 1933 . 03% 64 Indpls T and T ss. Jan., 1933 87% 90 Indp’s Un Ry 4%5, Jan., 1965 95 ... Indpis Un Ry 5s 94 % . . Indpls W.i 5%5,. March. 1953 95 97 Indpls Wa 4%5, Jan. 1940. . 86% . . Inters Pub Ser 0s Apr 1942 88 92 T H ! 4 E si. April. 1945. . 03 07 T H T & L 5s May 1944. .83 Uoton Traction 6s 03 68 SI,OOO Indpls Tr and Term" 6s 87% Cloverseed Market Local dealers are paying $lOOl3 a bushel for clover seed.

THE INDIANAPOLIS TIMES

HOGG STRONG TO 5 CENTS HIGHER Light Receipts and Higher Prices Elsewhere Responsible, Hog Price# Day by Day Jan. 250-300 lbs 200-225 lbs. 150-180 lbs. 10. 7.400 7.45 7.35 0 7.40 7.35 11. 7.60 0 7.05 7.00 7.00 12. 7 00 7.60 7.00 t 4. 7.400 7.45 7.40 7.40 15. 7.45 7.40 7.40 16. TT*> 7.55 7.45® 7.50 7.400 7.45 Prices for hogs took on strength ir trading at the local livestock market today, principally as the result of light local receipts and influenced by strong or prices at other marketing centers The market as a whole was quotably steady to 5 cents higher, though open ing prices were probably 5 to 10 cents higher than the low time on Tuesday. Practically all weights and classes sold at $7.45, at which prices the bulk of sales was made. Seme weighty hogs sold at $7.50 with a top of $7.55. Hogs selling at $7.45 were a dime higher than late sales of about 4,000 hogs at $7.35 on Tuesday and a nickel higher than the bulk sales at $7.40. Kingan & Co.'s buyers offered $7.40 for their supplies, but were un able to secure any offerings at the! start. After the opening bulge, how- j ever, some hogs sold at that figure. | Sows and pigs strengthened with j pigs selling down from $7.25, though , generally at $7, and sows down from ?6.50, though rarely higher than $6.35. The day's receipts touched 11.000, inclusive of Tuesday's unsold numbering 1,875.

A slightly easier undertone prevailed in the cattle market, due to the ab sence of-prime stock and th* surplus of cows and heifers which have suffered severe declines In the past ten days. Only the very best class of stock brought steady prices. Receipts 1.000. Calf prices were generally \ half dol lar lower with a practical top of sl3 and an extreme top of $13.60, while the bulk sold from sl2 to sl3. Receipts 600. Lamb prices were regarded as a quarter higher at $13.25 down while sheep were steady at $7 down. Receipts 300. —Hog*— Choice light# t 7 400 7.45 I.igrht mixed 7.40 § 7.45 Medium mixed 7 450 7.50 Heavyweight* Tan 7.56 Bulk of sales 7.45 Pig* ... 675 72a Packing sows 6.00 ft 6.50 Cattle "* Few choice steers $lO 00011.00 Prime corn-fed steers 1.000 W 1.800 lb* 9.00 0 9.50 Good to choice steers. 1,000 to 1.100 lhs 8 500 9.00 Good to choice steers. 1 000 to 1 200 lbs 7.50 0 8.00 Good to choice steers. 1 000 to 1.700 lbs 6.50 0 7.50 Common to medium steers. 800 to 1 000 lbs 500 fl 700 —Cow* and Heifer*— Good to light heifers $ 9 00 010 00 Good heavyweights 7 26ft POO Medium heifers 6 000 726 Common rows 3 O'V" 000 Fair rows 6 00 0 7.50 Gutters 2.75 0 3.25 Canners <j,£ .5.75 —dull*— '•'ancy butrtifr $ 5 00ft 8 00 Good to choice butcher bulla. 6.00 0 660 Bologna bulla ... ft 4.75 —(alt-re—* Choice real* . sl.ToOftl3 50 Good reels . . 12.00 ft 13.00 T.teht weight veala in oo ft 12.00 r ommon vpai* * 8 00 ft 10 00 Common heariee 6.00$ 7.00 Top 13 60 —Bhccp and Lamb*—Cxtra choice l&mba $lO 00^13.26 i>nvy lambs .... 8 00<it 10.00 Cull lambs 6.00 ft 700 Good to choice ew*e 4 00 700 Culli 2.00'S 3.00 Other Livestock EAST ST, LOUIS. Jan. 10—Cattle—Ret lilts. 2.600; market lieef steer'd strong to !5o higher native beef steers. $7.600 9; yearling* and heifer*. $0 up: cow*. s4'B 5.75: candors and cutters. $2.250 5.50; •alvee $11.25011.50; stockers arid feeder*. $4.5000. Hogs—Receipts 17.000: market active, 5c higher; heavy. $7.150 7 40; me-

VT LIBERTY BONDS SELL 415 LEMtKE BUILDING IOQQ

Community Development In each of the 127 communities served by subsidiaries of Central Ini w • diana Power Company, there is conHoosier ‘ , ... t . r stant extension of service facilities to Investment , ~,, , . . meet growing needs. 7 hus the development of the community and of this Company go hand in hand. Our Preferred Shares, $92.50 each, yield better than 7 1 /£%. A safe home Better than investment.. Sold for cash or on pay--7 ments of $5 down and $5 monthly per share; 6% interest allowed on ad- / iVJ vanced paymeuts. on your investment department savings Central Indiana Power , Company M Merchants Heat and Light Company Northern Indiana Power Company I abash Valley Flertric Company Valparaiso Lighting Company A Hoosier Institution

AMUSEMENTS. B. rr r* Inpu ) n THE WONDER SHOW F. JFk Cil 1 il O OF THE SEASON ROYAL PEACOCK ORCHESTRA HOOSIKR SONS OF SYNCOPATION—THE OKKATEST OKI REST BA EVER HEARD IN VAUDEVILLE * THE HOME TOWN FOI.KS .iessie MAKER AND REDFORD hilly ••ROI.EING STOXES f> JEAN ADAIR & 00. WARD & VAN CLAUDE A MARION A Musical Riot “Offkey" Still Arguing MISS TERIA Mc F ARLA N AT PAL AC & Is It Mechanism or SonlT Volumes of Harmony MISS LINDSEY &. SULTAN pathk news topics Offering the Equina Martel FABLE*

rlium, $7.10 07.40; lights, $675 0 7.30; light lights [email protected]: packing sows. $6 @6.35; pigs, [email protected]: bulk. *7.10@ 7.35. Sheep—Receipts. 1,500. market steady; ewes. [email protected]; canners and cutters.'sl.so @5; wool lambs, $11.75® 13.50. CHICAGO. Jan. 16. —Cattle—Receipts. 11,000: market, most killing classes steady to strong; spots 10015 c higher on desirable yearlings and handywelght beef steers long yearlings. $11.50; best heavy steers, sll : some 1 039-pound averages $14.75; bulls, steady: feeders largely 50c higher: bulk. $lO 50 to packers: outsiders $11.50 and above. Sheep—Receipts. 14.000; market slow; best feeding lambs strong: sheep steady bulk fat wooled lambs early $13.25 @13.60; some held higher; three doubles good feeding lambs. $12.65: bulk handyweight fat ewes, $7.75. Hogs—Receipts. 31,000; market. 10c higher than yesterday’s best time: top. $7.40; bulk. $7.05®7.35; heavyweight. $7.40: medium. $7.200 7.35; light, $6.90 07.30; light lights, $7.15; packing. smooth, $0.75 @6.90: packing, rough, $6.60 @6.75; slaughter pigs. $6.50 @0.75. CINCINNATI. Jan. 16.—Cattle—Receipts, 700; market, butchers weak, others steady 'shippers, $7.5009 r >o. Calves—M*"* stecdv: e'-*ras *i i r.oiffvt to Hots—Receipts. 4.200: market, steady to 15c higher; SUlnl lO Cl.a.ci , ... j. ceipts. 200, market, steady; extras. $4,500 0. Lambs—Market, steady; fair to good, $13.50014. EAST BUFFALO, Jan. 16.—Cattle—Receipts, 650 ;market slow, 26c lower; shipping steed * $9.50(810.75: butcher grades. [email protected]; cows. S2@6. Calves—Receipts. 300; market active, 25c higher: culls to ohoioa, $4 014.50. Sheep and iambs— Receipts, 1.f'.00; market active, lambs 40e higher, sheep steady: choice lambs, $14(9 14.25; culis to choice, s9@ 13.50: yeiiringi, $8.50@1 .50; sheep, $3 5009.50. Hogs— Receipts, 0,400: market active.— steady: Yorkers. [email protected]: pigs. $t!.75@7: mixed. $7.85; heavies, $7.85; roughs, [email protected]: Mags $3.50 04.50. KANSAS CITY. Jan. 16.—Cattle —Receipts, 7.000: calves. L 200: most killing prices fairly active, steady to strong, early sales of beef steels, $8.2509.25; beef cows. s4'll 5.50: canners and cutters $2.2503 25: bulls steady: calves dull: bulk early sales, S6O 7.30 Hogs—Receipts. 10 000 mostly steady to shippers. 200 (o 230-pound butchers, $0 9007 10: light lights. 10@15c higher: 130 to 150-pouud averages mostly $0.35 0 6.50. Sheep—-Receipts. 6 000; opening sales lambs dull. $13.15 paid; some held higher. PITTSBURGH. Jan. 16.—Cattle—Receipts light; market steady: choice, $9.75010.25: good. $8.5009.25; fair. $6 07.25; veal calves. sl4 014.50. Sheep and lambs—Receipts hght; market steady: prime wethers. $8.5008.75: good. $7.7508.25: fair mixed, 0607: ‘apibs. [email protected]. Hogs—Receipts! 20; market higher: prime heavy, S7.PO@B. medium*, $7.9008: heavy yorkers. $7.90® j 8; light yorkers, $7.26 07 50; pigs, $7; roughs. $5.750 0.50; stags. [email protected]. CLEVELAND. Jail. 10.— hogs—Receipts 0.00 O: market steady Var’-er* -a ,i e-no medium $7 00- nigs $6 "5: i roughs, $6: stags. $4.50. Cattle—Receipts., 200: market, s.o iambs—Receipts, 500; market. 26c higher; top. $13.75. Calves—Receipts, 3tK>; n.a-.. steady: top $13.50.

COLLEGE HOCKEY MATCH Marquette to Meet Gophers, Wee tern f oiiference (.1 tampions. By United Press MILWAUKEE, Jan. 16.—Marquette University pueksters will make their first appearance before Milwaukee hocoy fans tills season here Friday night, when they meet the strong Minnesota University team, last year's champions of the Western Conference. BATTLED FOR NICKELS Sammy Mandell, the flashy Chicago featherweight, got his start as a fighter in the freight yards in Rock ford, 111., his home town. Tho railroad workers wojffld throw rlckeis into the air and the kids would scramble for them. Mandell got most of the nickels and in doing so daveloi>ed his skill ae a battler. Will They ( ut Taxes? The city's new automatic schedule of traffic fines will add approximate ly $75,000 annually to the general find, traffic captain Michael Glenn estimated today. The ordinance pro vidmg fines of $2. $3, and $5 for firs*, second, third and subsequent violations is causing long lines of motorists at police headquarters dally. Raw Sugar Market By United Financial NE*V YORK. Jan 16.-— I The raw sugar market opened lower. January, 4 94. r: March, 4.72 @4.74c: May, 4.78 0 1,79 c; July. 4 87 0 4 88c Warner Sugar bought 7.000 bags of Cuban raws, clearing Saturday at 6c o. and 1. In the Cotton Market By United Financial NE WYORK, Jan. 16.—Cotton opened barely steady tanuary. 33.90 c. up 11; March. 34 20r, off 1; May, 34.30 c. off 11; July. 33-30 c, off 5.

Your Dollar Uncle Sam Tells Who Gets It. NECKTIES \ Cents ff \Overfo4BLcl \ jj \ /oc/caziroy a //CerrTs \ I MsLherV teda £ Osntnnm *u sn a*teu a *-*yf*_ OW many men did you see on Hthe street today without a necktie? Suppose every man in the United States averaged $3 a year for neckties. which is close to what each man does average. The United States Government has gathered some figures about the necktie industry'. Out of every dollar the tie manufacturer receives 63 cents goes for h.s materials. The labor cost is 10 cents out of each dollar, and 27 cents is left for profit, overhead and taxes. When materials go up, neckties increase in price. A 10 per cent Increase in materials would add 6.3 cents to each dollar the manufacturer charged for his profit. A 10 por cent wage increase would add 1 cent. NEXT—Drugs. I A LOW PRICED I STEEL STOCK WITH GREAT POSSIBILITIES Our Special Bulletin jnat iaauad call* attention to several factor* responsible for the recent activity in the shares of an Independent steel company under accumulation lately. This information la available upon request without obligation. Ask for Bulletin PSX. (No I'Tomorione) F. H. McNULTY & CO. Ground Floor 171 Quincy St. Phone Wabash BI4T New York Chicago Pittsburgh We offer the unsold portion of $375,000 The Ambassador Apartment Hotel Indianapolis First Mo rtgage Serial Gold Bonds Denominations sl,ooo—ssoo Maturing Annually In Series From 1926 to 1939 The entire property covered by this mortgage is owned in fee simple. Price—Par and Interest, Yielding 6 y 2 % Descriptive Circular on Request Fletcher American Company Second Floor Fletcher American Book Bldg., Indianapolis. Private wire to principal market* Chicago Detroit Louisville South Bend imzmm: x :rmjß3ZßssmenHa AMUSEMENTS ENGLISH’S 4 &£? | Based on Wadsworth Camp’s Novel “THE HOUSE OF FEAR** I‘riom: Nitc, 50e-$?.O. Mat. fiOc-fIJW. HEATH READY TOMORROW Where the Crowds Go! LYRIC"" ft- I 111*# itollP.K. The Rollicking Revue “NAUTICAL FROLICS” “Thirty Pink Toes” Norman & L&nde Cervo & Moro Mascot Casper & Morrisey j Cameron & Hill ■ Round Ten, 2nd Series Fighting Blood i Dancing in the Lyric Ballroom J afternoon and evening

Police Seek Glenn McKee Police today are endeavoring to find Glenn McKee, formerly of Lafayette, last heard of en route to South Bend. His wife, Martha McKee. 17, whom he sent to Indianapolis when he left Lafayette in search of work, is now in Bt. Vincent Hospital. according to police. AMUSEMENTS Capitol All Thi* Week. Twice Dally—* *ils and 8:15. Popular Prices. COLUMBIA BURLESQUE PRESENTS SILK STOCKING REVUE FRANK X. SILK AND A WONDERFUL CHORUS Thi* coupon and tfle cnWv titles lady to two reNirved *cats any matinee. Good for ladle* only. TODAY —2:15 V B:IS—MAT. SAT. | SPECIAL RETURN ENGAGEMENT BLOSSOM i TIME With Original New York Cast Eve., 55c i *l.lO, $1.65. $2.20, *2.75 I Wednesday Matinee. 55 c. It.lo 51.65. MjjrjhObtjM^JUOSUSS??# SEATS NOW SELLING ILL urrro mats. I I EXT nttl\ WID.-SAT. kiiboubh CORDON Inc! TRk — Swaso ay wa maoiy WftALLTHt FAMILY sbmsationalSuccbj Hayed PRICKS—Eva. Mo. *l.lO, fI.U, *2.20, 52.T5. WED. BEST 1 Ot SAT. MAT. MAT. SKAT hOJ 55-1.10-1.55-3.10 dna B. TJbot Fine Arts Enterprise^ ft MURAT, Next Sunday, 3 P. M. I m m FRIEDA • * HempeL Jennie Lind Costume Recital Monday Evening, Jan. 28th— Second Great (.oncer* Cincinnati Symphony Orchestra Frit* Reiner, Conductor. Rndolph Gan*. Famous Pianist. Soloist All T*ehnittow*ky Program. Prices, *S. $3.50. $, *1.50, $L Tax 10% extra. Mall jour ordeT today for choice scat*. SEATS SELLING. On* B. Talbot, 910 Home-Mansur bldg MOTION PICTURES ~~ I NOW SHOWING GLORIA SWANSON in “ZAZA” "tß**," queen of the gay French music hall*; a creature of whirlwind emotion*, savage lovee and hatce—a veritable wildcat. COMEDY •‘SPRING FKVER" PATHS NEWS LESTER HUFF AND THE OHIO ORCHESTRA COMING SUNDAY CHAR. BAY IN “THE COURTSHIP OF MYLES STANDISH"

AMUSEMENTS BROADWAY All Next Week SNAPPY-SNAPPS With A REAL JAZZ CHORUS Every Nlte a Feature Nlte | TONIGHT—AUCTION NIGHT [ PALACE ■ 1:00 to 11:00 P. MJ HARRY HAYDEN & CO. “THE LOVE GAME” QUIXY FOUR A PREMIER SINGING OFFERING O. K. SELBINI LEGAL & ALBERT Christie & McDonald j IN ECCENTRICITIES IN PIANO AND SONG PHOTO FEATURE “THE AGE OF DESIRE” A STORY OF A MOTHER’S MISTAKE | MOTION PICTURES ENGLISH'S Eve.. 8:15 P. M. Veterans of Foreign War* Present “POWDER RIVER” Official War Dept. Morion Picture of the WORLD WAR. Jnst closed a fire week* run In Boston. TRICES—Mat., except Sat.. 50c, 35c, 25c; Hat. Mat., *I.OO, 75c, PI “WESLEY BARRY IN PERSON AND ON THE SCREEN IN “The Country Kid” APOLLO ALL WEEK ISIS THCRS., FRI. AND SAT. Victor Hugo's Great Drama “Toilers £ Sea” A Spectacular Production Mads In Italy With an American Cast Headed by , LUCY FOX in LY WEST COMEDY “B3 Yourself” 10c ALL SEATS 10c[

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I'TMiATTr' TARKINGTON WEEK “BOY OF MINE” A GREAT HUMAN DRAMA OF LAUGHTER AND TEARS AN ADDED ATTRACTION “COLUMBUS” FIRST IN THE SERIES i "CHRONICLES OF AMERICA'* ts SECOND WEEK AXEL CHRISTENSEN SYNCO-SYMPHONICS COMING SUNDAY NORMA TALMADGE ‘A SONG OF LOVE* *

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