Indianapolis Times, Volume 35, Number 213, Indianapolis, Marion County, 18 January 1924 — Page 17

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PRESSURE RENEWS IN MANY SECTIONS OF GENERAL USE Buoyancy of Initial Dealings Is Short Lived industrials Hit. STEELS RETAIN GAINS Studebaker Holds Up Well in Face of Continued Heavy Selling, The WALL STREET JOURNAL NEW YORK, Jan. 18. —Business news over night was highly construe tlve. Further improvement took place in the reserve ratios of the Federal Bank of New York and the system aa a whole. Car loadings In the week ended Jan. 5 were 703.26S against 616,431 In the preceding week while the dally average production of California crude In December showed a decline over November. These bullish developments served to steady the general list at the opening today and Baldwin, Studebaker and other issues displayed a better tone. Some pressure was still exerted on Pan-Ameri-cans. First Hour Folowing the buoyancy in the early dealings, pressure was renewed on many leading Industrials. American Can broke to anew curernt low at 106 and Baldwin at 122. Steel common. Republic and Bethlehem Steel continued to display a strong tone. Studebaker held above the low of Thursday, In face of continued selling, which reflected dwlsappointment over estimates that earnings In the last quarter of 1923 would be somewhat below those of the final quarter of 1922. Second Hour Trading was relatively quiet in the late morning, the volume of dealings showing considerable shrinkage from the rate recently maintained. Industrial leaders continued sluggish, but their action was offset by special strength In various rails, particularly Lehigh Valley and Pittsburgh & Wes* Virginia, both of which went Into new high ground on the movement. Rumors of the road’s acquisition by New York Central accompanied Pittsburgh’s three-point spurt to 45. Noon Hour Stocks displayed a steadier tone through the noon dealings when selling pressure on stocks like Baldwin, Studebaker and American Can was partially lifted. Pronounced strength developed in special issues uke VVi—yoOverland preferred, which rebounded to 85. a point reco* ,-ry from the low. Important development expected next month have formed the background for the persistent accumulation of this stock. Twenty active Industrial stocks on Thursday averaged 96.42. off .23 per cent. Twenty active rails averaged 80.76, off .05 per cent. Foreign Exchange By United Financial NEW YORK. Jan, 18 —Foreign ex*-hai>?e opened lower: Sterling, demand $4 23% cables. $4 23%. French, demand. 4.53 >4e: cables. 4.54 c. Lire demand 4 36c: cables. 4.38 He. Belgian, demand. 412 Sc; cables. 4 13c. Marks, 4 500.000 000 000 to the dollar. Czecbo. demand 2.90 %e: cables, 2.91 He. Swiss demand. 17.28 c cables. 17.30 c. Guidlers. demand. 37 07c; cables. 37.10 c. * Pes'-taa. demand, 12.68 c; cables. 12.70 c. Sweden, demand. 26.06 c; cables. 26 10c. Norway, demand, 14 11c: cables, 14 1 sc. Denmark, demand. 17.31 c cables. 17.35 c. Produce Marked INDIANAPOLIS Jan. 18— etx. loss off. 36c. packiiiii- -took butter 27c; springs, over 2 lbs.. 19c; fowls 4H lbs. up, 21c: fowls, under 4H lbs 17c: Leghorn poultry. 25 per cent discount; cocks, 11c: stags. 10c; capons. 7 lbs. up. 26c: youngtom turkeys. 12 ibs. up. 27c young hen turkeys. 8 lbs up 27c: old tom turkeys. Me: ducks, 4 lbs.. 20c; geese 10 lbs. up. 14c; squabs, 11 lbs to the <lo* So- old guineas do* $5. Indianarwvis ••reamerlee are paying 50c per lb. for butterfat. CHICAGO. Jan. 18—Butter—Receipts. 5.248; 'reamcry extra, 52c: standards. 51c; firsts, 48H@48c- seconds. 44 @4sc. Eggs —Receipts, 5.238: ordinary firsts. 34® 35c; firsts. 38® 38 Ho Cheese—Twins. 23 Ho; young Americana 24 H @ "sc. Pou'try—Re- - oeipts. 5 cars: fowls, 16®£2c: ducks. 22c: yeeee 16o: turkeys. 20c: roosters. 14He. Potatoes—Receipts. 113 cars. Quotations: Wisconsin round whites. 81 35® 1.65; Minnesota round whites. $1.25® 1.40; Red River Chios, $1.40® 1.50. NEW YORK Jan 18.—Flour—Dull and steady. Pork—lnactive. Mess—s24® 54.75. Lard—Easier; mid-west spot. sl2 75 ©12.85. Sugar—Raw. steady 6.65 c: refined. quiet: granulated 8.25© 880 Coffee —Rio spot. 10%t10%e Santos No 4. 15H ® 16He. Tallow—Firmer: sepcial to extra. 8%®8%c. Hay— Quiet; No. 1. sls a 16.50: No 3 $12.50® 13: clover sl2© Dressed poultry—Firm: turkeys. 25® 40c: chickens. 18®48c: fowls. 15®32c: capons, 26 @ 45c: ducks. Long Island 20 @ 80c. Live poultry—Firm peese. 20® 23c; ducks. 14®34c: fowls, 23®30c: turkeys 22 g 28c; roosters. 14e; chickens, 20® 30c: broilers 28® 35c: capons 25©31c rh <o —Steady; state whole milk, common to special. 18®27c: state skies < hoi-e to ?n. clala 16® 19c: lower grades. s@l4c. Butter—Firm receipts, 6 271: creamery extra, 52 He: special market 53® 53 He: state dairy tubs. 40® 52c; Danish. 51H® 52 He; Argentine, 41® 48c; Canadian. 48 @ 61c. Eggs—Firm; receipts, 11 301: nearby whiles fancy. 48®49c; nearby state white. 40© 49c fresh firsts to extras. 39® 46c: Pacific coast. 30©48Hc: western whites. -10 @49c: nearby browns. 44® 46c, Tank Wagon Prices I Gasoline prices quoted do not include State tax of 2c a gallon.) GASOLINE—Energee, 20c a gallon; Purol. 16.2 c: Red Crown. 10.2 c: Target. 10.2 c: Silver Flash. 20c Standollnd aviation. 19 08c. KEROSENE—Crystaltne. 11.7 c; Moore Light 14.65 c: Perfection. 10 7c. NAPTHA—Lion Power cleaners. 25 01c; V. M. & P.. 20.1 e: Standolind cleaners, 20.01 c. Cloverseed Market Local dealers are paying $lO @ 12 a bushel C. OF C. SEEKS RELIEF List of Private Rooms for Convention Visitors Compiled. The convention bureau of the Chamber of Commerce Is trying to relieve occasional lack of hotel rooms for visitors to conventions and other meetings. The bureau is compiling a list of high-class rooming houses and private homes, to which overflow visitors may be sent. A permanent list will be kept by the chamber of supplied

New York Stocks (By Thomson K McKinnon) —-Jsn. 18-

Railroads— 12:45 Prev. High Low . p. m. dose. Atchison 98 % 95% 98% 98 % : B & O 68 % 58 H 58 % 58 H C & 0 72H ... 72H 73H C & N W By 62H ... 62 61% !C. R & P... 25 H ... 25 H 26% Erie 25 % ... 25 24 % iGt North pfd 57 % ... 57 % 57 % 'Lehigh Valley 70% 66% 69% 67% N Y Central. 100 % 102 % 102 H 102% NY, NH AH 19 ... 18% 18 H Nor Pacific.. 54% ... 54% 53% P-Marquottc.. 43 W .. 43% 43 H Pennsylvania. 43% 43% 43% 43% Reading .... 58% ... 58 % 58% Sou Railway. 42% 42 H 42% 43 St. Paul pfd. 26% 26 H 26% 20% St. LAS W 35 % ... 35 % 36 V Pacific 129% ... 129 H 129% Wabash pfd.. 38% 37% 38% 37% Rubbers— Kelly-Spr 32% ... 31% 32% U S Rubber. . 40% 4040% 40 Equipments—lAm Locomo. 73 % 73 % 73 % 73 % I Ba:dwin Loo. 123% 121% 122 122% [Gen Eeetric.2ol% 200 201% 199% luma Loeomo 00 65 % 65 % 66 % : Pullman ....122% 121% 122 122% j West'h Alrbk. 93 92 93 92% ! Westingh El. 61% . . 61% 61% Steels—- | Bethlehem 66% . 55 55% I Crucible .... 07 60 % 66 % 00 % Gulf States.. 84 82% 83% 83% I R Iron & S. 54% 53% 54 54 IH s - stee! 101 iooh 100% ioo% Vanadium ..30% 30H 30% 30% Motors— Chandler M... 61% .. . 61% 61% Gen. Motor*. 15 .... 14% 15 Max. M. (A) 51% 61% 51% 51% Max. M. IB) 14% 14% 14% Studebaker .102% 10l % 102 101% Stromberg. 80% Stewart-W.. . 97 % 96 % 96 % 97 % Timken .... % .... 39 39 OATS STRONGER IN EARLY TRADE Both Wheat and Corn Suffer From Realizing Sales. CHICAGO, Jan. 18. —Grains opened irregular on the Board of Trade today, wheat and com being lower while oats displayed independent strength. Despite unfavorable crop news liquidating continued In wheat and price recessions were made in initial trading. Liverpool opened weak but at 2 o’clock had advanced fractionally. The sharp break in foreign exchange accounted for late firmness. Realizing in corn weakened that market. Recent buyers sold out early when wheat turned weak. Country offerings showed slight Increases. Urgent feeder demand continued Oats displayed individual strength, but weakened later with other grains on a featureless market. Provisions opened nominal, despite foreign demand. Chicago Grain Table At 11 :45—.Jan. 18 WHEAT— Prev. Open High. Low. 11:45 close. May.. 109 109 1 08% 1.08% 1.09 1.08% July.. 1.07% 1.07% 1.07 1.07% 1.07% 1.07% Sept 106% 1.06% 106% 106% 106% CORN— May.. 79% 79% .78% 79 79% .79% .79% July.. .80 .80% .79% 79% 8,)-., .80 % .80 % Sept.. .80% 80% 80% .80% 81 .80% .80% OATS— May.. ,47% .47% .47% .47% .47% .47% July.. .45% .45% 45% .45% .45% Sept.. .43% .43% .43% 43% .43% CHICAGO. Jan. 18-—Car lot receipt*: Wheat, 17; com. 167; oats, 65: rye, 2. Local Wagon Wheat Lvocal mill# and elevators are paying $1.03 for No. 2 red wheat. EARLY BOND MARKET IS LED BY LIBERTY ISSUES Some Foreign Government Bonds Strong, Despite Exchanges. Bv United Financial NEW YORK. Jan. 18.—Renewal of call money at 4 per cent gave impetus to today’s early bond trading. Government issues were in good demand. but little changed from Thursday’s closing levels. Although foreign exchange rates were generally lower, the European governments were steady. In fact, some French Issues opened higher. Lyons 6s 7434, up %: French 8s 94%. up %: British 5%s '37 at 9934, up %:\ Prague 7%s 79%, up %. Ralls continued active, but the forward movement appeared to have subsided for the present and changes were fractional. St. Pauls held firm refunding 4%s 53%, up %. Interna tional Great Northern 6s reached a 1 new high at 45. up % These bonds [ have been strong lately on the ex nectation the company will pay some interest on them in April. The interest does not become cumulative until Jan. 1. 1928. 'fractions were active and generally higher. Industrials were irregular. Virginia Carolina Chemical 7s 82%. off 134: New York Steamships 95, off 1%; Sinclair 6%s 89, up %; Cuba American Sugar 8s 107%, up %. CURB TURNS IRREGULAR IN MORNING DEALINGS Oils Are Generally Liwr, but Industrials Fare Better. By United Financial NEW YORK, Jan. 18.—After a steady opening today the curb market, again reflecting the course of price movements in other markets, turned Irregular during the forenoon. The Standard OU list was again carried c-ff. Standard of Nebraska lost 3 and Standard of Ohio 1. The Industrials acted better. Ameri-! can Cotton Fabrics preferred got to j 96%. up 134, and Dunhlll gained a! point. Gold Dust receded 1. Stutz Motors Improved fractionally while s Durant lost 34- Radio common went to 4%, up %. Pan-American western rights were still at sl. The bond list was swelled with two new Issues, the more important being government of Argentine external sinking fund 6 per cent gold bonds of 1923, series “A,” due Sept. 1, 1957, when, aa and if issued. s In the Cotton Market By United Financial NEW YORK. Jan. 18.—The cotton market opened hisher: January 32.80 c. up 15 points: March 33 10a up 21; May 33.25 c, up 17: July 32.22a up 20. Dressed Beef Prices Wholesale aelUns prices on dressed beef. Swift & Cos.: Riba—No. 2. 30c; No. 1. 17c. Loins—No. 2. 25c: No. 8. 18c Rounds— No. 2,20 c; No. 3. 15s. Chucks—No. 2. 18cj ito. 3.10 c. Plain—-No. a. 80. No.

12:46 Prev. . Hizh. Low. p. m. close. WUlys-Over... 13% 12% 13% .Minin;.-* — Gt. Nor. Ore 28% 28% 28% Texas G. Sc S. 63% 83% 03% Coppers— / Am Smelt... 58% ... 58% 58% Anaconda .. 37% 30% 37% 37% Kennecott .. 35 % 34 % 35 35 Oils— Cal. Petrol... 26% .... 25% 26 Cosden 35% 35% 35% 30% Houston Oil.. 69% . .. 69 69 Marian.! OU.. 38 37% 37% 37% P-Am Pete. . 53 52 % 53 62 % P-A Pete (B) 51% 50% 51% 51% Pure Oil ... 24% 24% 24% 24% 9. Oil of Cal 04% 83% 03% 04 S. OU of N. J. 41% 40% 41 41% Sinclair .... 20% .... 26% 26% Texas Cos 44 44 44 43% Industrials— Allied Chem.. 70% . ' 70% 70% American C.. 100% 106% 106% 106% Am Woolen.. 76% ... 75% 76 Cent Leather. 17% 16% 17% 16% CVntl Can... . 65% 55% 55% 55% Davison Chem 08% 67 Vi 07% 67 % Fam Players. 71% ... 71% 71% Gen. Asphalt. 45 Vi 45 45% 45% Int Harveter. 85 ... 83 85 Mont Ward.. 25% ... 26% 25% Nat! Enamel. 43 % 42% 43% U9C Iron P 78% 75% 76% 76% U S Ind Alco 72 70% 71% 70% Utilities— Ant T and T. 129 128% 129 Consoli Gas. 03% 68% 03% 03% Food#— Am Sufrar. . . 56 \ 56 bOK 50 H Com Prod... 158% 159 159% 159% C C Su* pfd- 62% 62% 62% 62% Ptinta Alegre 58 . . 58 67 % Consoli Cigars 19% 19% 19% 19% Tob Prod B. . 60 65 % 00 66 % WHEAT IS DAMAGED 6Y GOLD WEATHER Movement of Corn to Terminal Markets Is Very Slight. Winter wheat and ryo in the southern part of the State suffered materially from the extreme cold early in the month, the mid-month report of George C. Bryant, agricultural statistician. to the United States Department of Agriculture, made public today. reveals. Low spots In many fields were covered with ice at tills time while some flood damage also was reported. Very little com is un husked throughout the State, but movement of the grain to terminal markets Is very slight, despite the fact that a brisk local demand exists, the report shows. The feeding value of the grain Is belotv last year's average and good seed corn is scarce, causing many fanners to exert unusual care In the selection of their seed grain. Conditions are reported unfavorable to clover, but timothy meadows con tinue to look good. Pastures, however, are gone. Hog cholera has im proved maternally while other livestock Is In good conditlonTeinperatures for the first half of the month ate reported to have averaged considerably below normal with the coldest weather since 1918. Rainfall has also been In excess of norma! with some flood damage reported In southern sections. Outdoor arm work was interfered with, due to weather conditions. Indianapolis Stocks —Jan 18Bid. Ak. Am Cmtral Life 200 ... Am Oeosotlnc Cos pfd 97% .. . Belt R R com 73 78 Belt R R pfd 52% Century Bldsr Cos pfd 98% ... (Title* Service C<> eom 149 162% Cities Service Cos pfd 08 70% Citizens Gas Cos com . 29 31 Citizen* Gas Cos pfd 101 104 Indiana Hotel com .100 ... Indiana Hotel pfd 100 ... ltd Nat Life Cos 3 Indiana Pipe Line Cos 91 94% Ind a-’a Title Guaranty Cos. ... 80 Indianapolis Abattoir pfd 49 Indianapolis Gaa 51 54 Indpls Sc Northwestern pfd. .34 ... Ir.dpls A Ronthwestern pfd. • 80 Indpls street Hallway 40 50 Indpls Tel Cos com 1 .. . < Ind"% Tel Cos pfd 90 ... W>r Pub T'til Cos pfd 82 Nat Mot Car Cos . 2 Pub Saving’s Ins Cos 12 Hanh Fertilizer pfd 49 Standard Oil Cos of Ind ..... . 06 67% Sterling Fire lus Cos 10% ... T H I A- E com 2 6 T II I Ac E pfd 10 20 T H T and L C Cos pfd 81 I'nlon Trac of Ind com .... 1 4 I’nion Trac- of Ind Ist pfd.. . , 30 Colon Trac of Ind 2d pfd - 8 7 Van Camp Prod Ist pfd. 100 Yart Camp Prod Cd pfd. . .. . , 100 Varida’la Coal Cos com 8 Vandalia Coal Cos pfd 8 14 Wnbash R- Cos com . . . 19 Wabash R.v Cos pfd . . 37% _. Bond* Re’t R R Ac S Y 4s. May. 1030 81 Broad Ripple 5s July, 1923. .. 80 C- nt Ind Gas 3 Sept . 1931 82 r Ind Pow Cos 0s July 1947 87 Citizens Gas 3*. July. 1948 86% 80% Citizens Gas 7s 100% 103 Citizens St R 5s May. 197.1. 80% 82 Ind Coke At G OS. Apr . 1948 89 92% Ind Hotel ss. July. 1931.. 90% 97% Ind Hotel Cos 2d 6a. drawable 99 % ... Ind Northern 5* 31 ... Ind Rv At Lt ss. Jan.. 1643 . . 90 Ind Serv Cor 0s Jnn„ 1950. .. ... Ind tin Trac 6a. July 1930. 35 ... Tndp’s Ab Cos 7%5, Sept., 1931 99 103 Tndn ! g Col &So os. Pelt 1048 96% 100 Indn's Gas ss, Oct.. 1952. .84 80 Tndpis L & H ss. April, 1940 95% 96 Indp’s & Mart, ss. .Tan.. 1932 .66 Indpls North 6s. July. 1932. 46% 50 Indpls Northwestern 43% 47% Indpls At S E ss. Jan. 1973. .. 35 Indpls & S E 5s Jon.i 1932. . 46 Indp's St By 4s. Jan 1935. . 63% 06 Indp’s T and T ss. lan.. 1933 87% 90 Inrinls ITn Rv 4%5, Jap . 1905 94% ... Indpls ITn Ry 5s 94% ... Indpls Wa 6%5. March. 1953 95 97 Indpls W'a 4%5. Jan 1940. . 80% ... Inters Pub Sor 6s. Apr. 1942 88 03 T H I At E 5s April. 1945.. 03 07 T H I At L ss. May, 1944.. 83 Union Traction 6s 03 08 CLUB DIRECTORS TO MEET FlwaJ Action to Be Taken on Applications for I. A. C. Membership. Directors of the Indianapolis Athletic Club will hold a special meeting at noon Saturday to take final action on applications for membership. lt was announced today by Hinry F. Campbell, president. Every ppplieant approved by the board up to that time will be eligible to participate in the informal opening of the new club home at 5 p. m. Saturday. Nearly 400 new applications have been received. More than 800 acceptances of the invitation to the opening for members have been received. Plaintiff Gets S3OO Damages Jesse Pickard, Edgewood, a garage proprietor, today received .a judgement for $l5O damages for two broken ribs and $l5O for a broken axle on his automobile from a Superior Court jury. Pickard sued the Fairbanks-Morse Company as the result of a collision betw-een his automobile and one of the company’s trucks at S. Delaware St., and the Pennsylvania freight station, Sept. 13, '1922. He charged negli-

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HOG PRICES DROP IN LOCAL TRADE Heavy Receipts in Chicago Prove Depressing Factor, Hog Price* Day by Day Jan. 250-300 lbs. 200-226 lbs. 150-180 lbs. 12. 7.00 7.00 7.00 14. 7.40® 7.46 7.45 7.40 15 7.40® 7.45 7.45 7.40 10. 7.50® 7.55 7.46® 7.60 7.40® 7.45 17. 7.55® 7.60 755 7.50® 7.55 Under the depressing influence of abnormally heavy receipts in Chicago and at other primary marketing centers the average cost of hogs declined generally 15 cents in trading at the local livestock market today. The market was quotably 10 to 16 cents lower, though the loss on the bulk of the droves was nearer 15 cents than 10. The top w r as established at $7.45, compared with $7.60 on Thursday, while lights, mediums and mixed hogs sold early at $7.40, but later slumped to $7.35 when competition among shippers died out. The bulk at $7.35 to $7.40 was’fully 15 cents lower than Thursday’s hulk of $7.50 to $7.55. Sows and pigs reflected the decline, sows selling a quarter lower at $6.25 down and pigs 25 cents lower at $7 down. Altogether 12,000 hogs were offered for sale, inclusive of Thursday’s holdover of 590 Shipping orders were rather few and far between and were of insufficient size to stimulate trade. Eastern sources are said to be withholding orders, fearing delay in transportation. due to snow storms. The cattle market continued under Influence of the week's severe break In cow and heifer prices and lacekd snap. Only the very best cattle, steers and the canners and cutters, found a market at anything like steady prices. Receipts, 000. Steadiness ruled In the calf market with choice veals commanding a practical top of $13.60 and an extreme top of sl4, while the bulk sold from sl3 to sl3 50. Receipts, 800. The sheep and lamb market was steady with lambs selling down from $13.25 and sheep down from $7. Receipts, 150. —Hop— Choice lirhte i ............ $ 7.35 Li?ht mixed 7.35® 740 Medium mixed 7 40 Hoav3*w eight* 7 40® 7.43 Top 7 4ft Bulk of sale* 7.36® 7 40 IMgs 0 50® 7 00 Packing ov 6.75® 6.25 —Cottle— Few oholoe steers slo.oo® 11.00 Prime corn-fed steers 1.000 to 1.800 Ibe 9.00® 0.50 Good to choice steers, 1.000 to 1.100 Ibe 8.50® 9.00 Good to choice stews, 1 000 to 1.200 Ibs 7.50® 800 Good to choice steers 1.000 to 1.700 lb* 8.60® 7.50 Common to medium steer* 800 to 1.000 lb* 5.00® 7.00 ——Cow* cuid Heifer*— flood to light heifer* $ 9 00® 10 00 Good heavywetghl* 7.23® 0 no Medium heifer* 6 00® 7.25 Common cows 3.o'>® 6 00 Fair cow* o.oo® 750 Cutter* 2.76® 8 26 Conner* 2.26® 3 75 —Util)* Fancy butcher bull* $ 6.00® 0.00 Good to choice butcher bull*. 6 00® 5.50 Bologna bulls 4.26® 4.75 —C*lv e* Choice veals sl3 Oil® 14 00 Good veal* 12 00® 13.00 lightweight real* 10 OOd! 12 00 Common reals B.oo® 10 OO Common heavie* o.oo® 7.00 Top 14.00 —Sheep and Istmhs— Extra choice iamb* 810.00® 13.25 Heavy lambs fi.OO® 10.00 Cull lambs BOO® 7.00 Good to choice ewes 4.00® 7 00 Cull* 2.00® 3.00

Other Livestock CHICAGO. J&n IS —. Cattle— Rerwlpl*. 5.000; nnrkpt eood nnd choli-e yfarllrwrs war<*>. Ann; lonsr joar'lnsr*. sl2 55: lrw load", $10.25011.25: other* and raowt othrr olv--*"* atrviily. uneven'y lnwf-r butobiW** 25r> off; bulk walor* $lO and below Sheep —Receipts, 14.000; market fairly active. - tfiulv: eood choloe fat wonlej loi.Oxr, sl3 40013 65; one dock early to shipper*. sl3 75; choice feeder*. sl3. bulk. sl2 550 17 05; practically no early sales sheep. Hors—Receipts, 50.000; market 15c to 25c Inker 'op. $7.25 Inilk, $01)007 20; heavywelffhi, $7.1007.25: medium weight. $7 07.26. Ufht weight. $0.760 715 light lights. $6.3007 05; packing hogs. $6 70(0 0 85; packing hogs rough. $*1500*3.70; slaughter pigs. $5 600 0 60. KANSAS CITY. Jar. IS—Cattle—Receipts mostly beef steers, early trading very dull with bids eonslderahly lower; no early saies: fat she-stock scarce; most cows fully stend.v: medium quality heifers dragging bid sand calves steady stockers and feeder* around steady; $7.15 paid for medium to rood Blockers Hogs—Reeel pta, 8.00 b; a few early sales to packers at 15c lower $707 05 paid for medium to good 280 to 760-pound butchers; bulk of 130 to 150pound a Venice* at $6 400 6.55; packing sows mostly $6 500 6 65 Sheep—Receipts. 3 000 opening sales of fed lambs 10 015 c lower at $12.65<8 13. FAST ST. LOUIS. Jan. 18 —Cattle—Receipts POO: market, beef steers. steady: native saws sters, $6.7508 76: yearlings and heifers, $0 76; cows s4® 5.25 canners anil cutters, $2.60 *8 3 50: calve* $11.50 012: stockers and feeders. $4 5085.50. Hogs— Receipts, 16.000; market. 10020 c lower; heavy $7.20 07.40: medium. $7,1507.40; lights. $6 7507.40: light lights. $6,25® 7 30: packing sows, SOO 650 pigs $5 50® 6 75; bulk $7.2507.40. Bhee>i —Receipts. 2.000: market, steady; ewes. SSO 7.75, canners and cutters. $1.50 05; wool lambs, $11.75 ® 13 76. EAST BUFFALO, Jan 18.—CatUw— Receipts. 460; market dull, weak: shipping steers, $050010.76; butcher grades. $7.75 00 26: cows. $1.7606.75. Calvew—Receipts, 800: market active, steady: culls to choice. $4 015. sheep and lambs—Receipts, 7.000; market active, steady: choice lambs, $14014 26; mills to choice, $0013.50; yearlings, $8.50812.60; sheep, $3 0 0.50. Hogs—Roi-eipts. 10.400: market slow, steady to 10c lower: yorkers. $7 0 7.75; pigs. $6.75; mixed. $7.75: heavies. $7.7507.85; roughs, $606.26; stags, $3.5004.60. PITTSBURGH, Jan. 18—Cattle—Receipts, light; market, steady: choice, ,$9.75@ 10.25: good. $8.50 ® 9.26: fair S6O 725 veal calves. sl4 014 50. Sheep and lambs —Receipts, light: market. steady; prime wethers, $8.5008.75; good. $7.7508 25; fair mixed. $6 07: lambs. $lOOl4. Hogs— Receipts. 30 dd; markets. lower; prime heavy, $7 80 0 7.00 mediums. $7.80 0 7 00; heavy Yorkers, $78007.00; light Yorkers, $6.7.507; pics, $6.2506.50; roughs, SOO 6 50: stags $3 03.50. CLEVELAND. Jan. 18. —Hogs—Receipts. 4.000; mnrkot lOe lower; yorkers $7 60; mixed. $7 60; medium, $760; pigs, $0.75; roughs, $6; stags. $4.50. Cattle—Receipts, 250: mark it steady, unchanged. Sheep and ’ainbs—Receipts 300: market strong; top, sl4. Calves—Receipts. 2,000; market active: top, sl4. CINCINNATI. Jan. 18.—Cattle—Receipts. 600; market slow shippers. $7.5001).50. Calves—Market 50c higher; extras. $13.60® 14. Hogs—Receipts, 6.500; market ISo lower: good to choice puckers, $7.65 Sheep —Receipts, 425; market steady; extras. $4.500 6. Lambs—Market steady: fair to good. $13.5001.4. DO OUR OWN "CLEANING Judge Collins Says We Don’t Jseed General Butler. “We don't need any General Butler to clean up Indianapolis if legal charges are placed against law violators,” said Judge James A. Collins In Criminal Court today as he handed out heavy liquor sentences. Among those upon whom the blow fell: Pete Major, colored, S6OO fine and four month on Indiana State farm; Rueben Major, S2OO and thirty days; James Hughes, SIOO and thirty days. All were Involved in an alleged blind iilliani'Hii!#■ i nil

Won’t You Have Some Coal? By United News NEW YORK, Jan. 18.—Carrying a tobacco pouch full of soft, coal so he could iill ius lungs with their accustomed ration of soot, Harry Greb, of Pittsburgh landed here today to defend the middleweight championship against Johnny Wilson, tonight. “The only thing that bothers m about New York is the air, * Mr. Greb said, filling his pipe with beat Illinois lignite and striking a match on his neck. “This air is unhealthful to a fellow from Pittsburgh. It’s too clear. Have some coal?" MAYOR INDORSES REORGANIZATION IN CITY GOVERNMENT Consolidation of Departments and Standardization Part of Proposal. Mayor fjhank today approved reorganization of city government as proposed In preliminary investigations made by Leonard V. Harrison, budget expert of the Chamber of Commerce. Harrison, with Joseph L. Hogue, city controller, and Taylor E. Oroningor, corporation counsel, has proposed consolidation of departments, standardization of salaries and a partial civil service system. The mayor indorsed Harrison’s survey proposing the department of unimproved streets, street cleaning and garbage and ash collection be consolidated with a superintendent In charge of each ward. This consolidation would require legislative action, but would avoid needless expense and duplication of work, it wus said. Shank's plan, that the mayor or other city employes remain in office six months after a change of administration to acquaint new officials with the work, was Indorsed. Harrison urged that city employes be classified so that the work and salary In every department is standardized, but mak#ig It possible for employes to receive pay increases when their work merited it. TIGER FANS GUESSING Detroit I Looters See Chance of Cobb Getting Ifarria. By United financial DET ROIT, Jan. 18.—If Detroit fans are right in their speculations, Stanley Harris, who played with the Wash ington Senators last year, will be wearing a Tiger uniform next season. Ty Cobb failed In earlier attempts to plug the hole at second base when ho could not buy Jimmy Dykes or make a trade for Wamby. He nearly succeeded in buying Max Bishop of the Baltimore Orioles, but was beaten to lt. If Cobb gets a good second sacker It will mean the Tigers will be strong pennant contenders and local fans are almost unanimous in believing Harris is the man Cobb ie angling for

CRAFTSMEN IN SESSION “More Artistic Monuments” Discussed by St ate Stone-4 hitters. "Mcwe Artistic Monuments" wits j the subject discussed by the Memorial Craftsmen of Indiana, in convention j at the Lincoln today. New officers are Herbert B. Davis, •Sullivan, Ind., president; Chester: Carpenter, Anderson, vice president; I *Don Williams, Spencer, secretary j treasurer. speakers today were J. IL McCarthy, j Ft Louis, president of the Memorial Craftsmen of America; Fred K. Irvine, Chicago; H. C. Whitaker, Madison, Wis. JOE BENJAMIN SOUGHT By United Newt NEW YORK, Jan. 18. —Joe Benja min, the boxing dude of Hollywood, Cal., usually to be found trailing Jack Dempsey around the world, may be prevailed upon to chuck Ills walking stick and bell-bottom panto and step i into his ring trunks for a scrap with . Pal Moran in Madison Square Garden j on the evening of Jan. 28. 'Two years ago. Benjamin was one j of the best lightweights in the world,! a hitter as well as a boxer. “The trouble with Joe is that he’s j good looking and some darn fool had I to go and tel) him about lt,” Dempsey j once commented on Benjamin’s fail- j ure to stay with the fight profession. ! Wife Slayer Is Executed Uv f T n 4 *'il Prrs* BALT LAKE CITY, Utah, Jan. 18. —Omar H. Woods, convicted of the murder of his wife, Marietta Woods, in their apartment Jan. 9. 1922, was executed at State Prison at 7:50 a. rn., today.

Marriage Licenses Elmer Tlehuer 47. Rockville, lud.: Marr Tlchner. 44, Rockville, ind August Wolff. 21. 409 Orange; Bernhardiue Jansen. 21. 409 Orange. F. K. S’ade. 23. 414 E. Twenty-Eighth; Anna Roudebimh, 18. 422 Davlan Apt*. H. E Pureell 20 2149 N. Illinois. Kathryn Sheehan. 20. 823 Efim. E. M. Winks, 23, 6948 Rawlos; JeweU Sampson. 29. 5943 Rawles. Charles Bedenbaugh. 21 2423 Northwestern; Anna Evers, 18. 515 W. TwentyFourth. Building Permits West Park social service board, furnace, 2440 W. Ohio. $575. Sehussler Packing Company, boiler room, Gardner and R.iver, SOOO. John Mullin, addition, 910 Woodlawn, $705. Jessie M. Negley, double. 3645 Central. $14,000. Jessie M. Negley. furnaces. 3045 Central, $470. Brown & Dunlop, addition. 1508 Roosevelt. SSOO. Frank Wilson, dwelling. 630 E. FiftyThird, $4,300. Frank Wilson, furnace, 620 E. Fifty-Third. S2OO. Arsenal Realty Company, double, 2626 E. Twenty-Fifth. $2,000. Thomas Thomas, sarajs, 2445 A Washington, SSOO. A. J. Probet. garage, ,8378 Broadway. $200.,

JUDGE WILL HEAR APPEALS FILED IN DOG TAXJATTLE’ Collins to Set Aside Half-Day for Arguments in Controversy, That every dog wijl have his day is a truth recognized by Judge' James A. Collins of Criminal Court. The judge has announced he Intends to set aside a half-day soon to Inquire into reports of violation of the# bill of canine rights in Marion County, and the consequent financial loss of their owners at the hands of justices of peace and constables. The occasion will lie the trial of three appeals from Justice of peace courts by disgruntled dog owners who claim they were unjustly fined in the “dog-tax war’’ now being waged in all comers of the city under the inspiration of Constable M. A. Howard. The three owners are Walter Wormser, 3723 Salem St.i Arthur Donegly, 2019 Boulevard PI., and William Lamphere, 520 E. Michigan St. Wormser was assessed $17.50 by Justice J. B. Mullane of Warren Township, on charges of harboring a dog without paying the county dog tax, filed by Constable Howard. Donegly and Lainphere were fined $5 and costs, totaling $17.50, for each, by Justice J. P. Bebinger, 6056 College AVe., on similar charges. Transcripts of cases to Criminal Court show the justice of peace gets $3 of the $17.50, and the constable, $4 Prosecutor William H, Remy, who has also received numerous complaints. announced that he has notified all Justice of the peace that they must not conduct trials without a deputy prosecutor. WOMAN COTTON BROKER SUCCEEDS 'Put Self on Same Basis as Man,' Is Her Formula, By United Frets PHILADELPHIA. Jan. If,.—Miss May A Davis of Philadelphia is believed to be the only woman cotton broker tn the United States. Miss Davis started business for herself four months ago and In that short time has disposed of 20.000 bales. Miss Davis, whose name In private life Is Mrs. Hoffman, was a stenographer In i the office of a cotton firm until last July. When the firm was absorbed by a larger corporation Miss Davis entered business for herself. Her office force consists of a stenographer, who acts as office manager, while the head of the firm is the salesman. “Any wojnan can make a success in any business she desires to enter If she will put herself on the same basis as a man and not try to make sales through sympathetic channels,” Is the view of Miss Davis. "I believe my success is due to the fact that I have worked hard and kept my head down to my work.” Miss Davis plans to maKe a large organization out of her enterprise. BATTERY SHOP TO OPEN Demountable C-aU Described by Incorporator. The first of a string of stores of the Demountable Batteries Corporation of Indiana, recently organized with a capital stock of $50,000. will be opened Saturday at 710 N. Meridian St. Emil Seidel, one of the Incorporators. said today that as soon as their demountable battery Is introduced to Indianapolis automobile owners a statewide campaign will be undertaken. “New parts are installed Instead of trying to repair an old battery or buying anew one," Seidel states. SHANK STILL .TOURING Candidate to Speak In Southern Indiana Next Week. Mayor Shank, candidate for the Republican nomination for Governor, will continue his speaking campaign next week with talks at Madison Monday night, Franklin Tuesday noon, Terre Haute Wednesday night and Richmond Thursday night. Edward C. Toner, Anderson, candidate for the same nomination, is In the Thirteenth District this week and will campaign In the Fifth District next week.

ELKS’ BUILDING BURNS Dose Is $25,000; Blaze Caused by Overheated Furnace. By United Brens VALPARAISO, Ind., Jan. 18.—Fire destroyed the old Elks building here today with an estimated loss of $26,000. Six below zero weather hampered fire fighters. An overheated furnace caused the blaze, officials said. Echo of Durgan Meeting George Ream, city fireman, 832 N. Sherman Dr., has been suspended on charges of unbecoming conduct by Chief John J. O’Brien. Ream was arrested on charges of inciting a riot at Tomlinson Hall Wednesday night when Klnnsmen are said to have interrupted a meeting addressed by George T. Durgan, Democratic candidate for Governor Ivilbane “Makes Up” Johnny Kilbane, former featherweight champion, now retired, haa “kissed and made up” with his former manager, Jimmy Dunn. “I'm sorry we ever parted,” Kilbane eays. Fire BoHeved Threatening Town By Times Special SOUTH BEND, li*L, Jan. 18.—Fire which started in the Indiana and Michigan Electric buiidln j at Buchanan Mich., near here, Is threatening the i t’i ii r

Cuban Girl Chosen Queen of Beauty Miss Olga Enamorado, daughter of the consul inspector general for Cuba to the United States, .has been chosen “Queen of Beauty" in a festival at Miami, Fla. Can’t blame the judges, can you? LEADERS OF MINE ONION GEE READY FOR CONVENTION Resolutions and Constitution Committees Weed Out Suggestions. The resolutions committee and the committee on constitution for the international convention of the United Mine Workers of America, opening in Tomlinson Hall Tuesday, today started going over hundreds of resolutions and suggestions for changes in the constitution from local unions. John L. Lewis, International president, announced these committeemen: Resolutions Thomas Kennedy, Pennsylvania, chairman; Percy Tetlow. Ohio, secretary; Arch Helm, Missouri; James Morgan, Wyoming; William J. Sneed. Illinois; Martin J. Flyzik, Washington; C. F. Keeney, West Virginia; Andrew Steele, Missouri; A. J. Jackson. Illinois. Constitution —Lonnie Jackson, Kentucky, chairman; Van A. Bittner, Pennsylvania, secretary; C. J. Golden, Pennsylvania; D. H. Watkins. Iowa; James Skahan, Kansas; Stanley J. Hudzinskl, Pennsylvania; William Roy Ohio; Andrew McGarry, Oklahoma; Harry Fishwick, Illinois. eanditsTake REGISTERED MAIL Three Men Make Haul at Railroad Station. By United Brest SULLIVAN, Ind., Jan. IS.—Three bandltß overpowered R. S. Daw, night operator at the Chicago & Eastern Railroad station here early today and escaped with two pouches of registered mail. Postal authorities here were unable j to estimate the amount of money in the pouches. The bandits overlooked a third po\ich containing the local pay roll of the railroad, amounting to severs, thousand dollars. The bandits were unmasked. They escaped In an auto. The pouches of mail were left at the station by a northbound train and a southbound train which pass through Sullivan shortly after midnight. A little later, Daw said he heard an auto drive up to the station. Two men entered and bound and gagged him, and then seized the two pouches. A third man was waiting In the auto. The robbery was not discovered until j after 4 o’clock.

PROGRAM DEIAX CUTSFORMULATED Farm Bureau Head Urges Definite Action, W. H. Settle, president of the Indiana Farm Bureau Federation, today recommended at a meeting of the federation at the Giaypool a definite tax program to be promoted by a Farm Bureau tax committee, to bring about a reduction of taxation in Indiana. The program, approved by directors, set* out these fundamental principles: 1. More property avoiding taxation should be put on tax duplicate. 2. Reduction should be made in expenditure. 3. There should be a more equitable distribution of taxes.

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U. S. MAY ORDER MOBILIZATION DF ARMY _ SEPT. 12 Indiana National Gdard Affected by Peacetime Preparedness Move. The Indiana National Guard force of more than 5,000 soldiers will be called to participate In a national mobilization day next fall, according to word from Washington, D. C„ received at the office of Adjt. GenHarry B. Smith today. # The project for staging on Sept. 12, the greatest peace-time military demonstration in history has been given favorable consideration by Secretary of War Weeks. The Regular Army force at Ft. Benjamin Harrison would go immediately into warlike activity. Reservists in Indiana would gather at various cities, while draft boards meeting in every county would function as during the World War to receive volunteer citizens. American Legion and other World War organizations may be asked to take part, while the Red Cross and other societies would conduct separate affairs. Plans for the emergency mobilize tion plan will be explained to commanding officers of the 38th National Guard division at the first 1924 meeting in Indianapolis Monday at the Indianapolis Athletic Club. Maj. Gen. Robert H. Tyndall commands Indiana, Kentucky and West Virginia troops. The mobilization, on General Pershing’s .birthday and the anniversary of the St. Mihiel campaign, will involve 40,000 regulars. 160,000 National Guardsmen and 60,000 reserviata, according to plans. SCANDAL IN DOME OIL LEASE TERMED NATIONALDISGRACE Senator Walsh Hopes to Break Government Contract With Private Companies, By LAWRENCE MARTIN (Copuri'iht. JB2i, by United Press) WASHINGTON. Jan. IS.—The ugliest scandal in years lurks among the hidden facts about the Teapot Dome naval oil reserve. There is no longer any doubt of this in the minds of Senator Walsh, Montana, and others who have been trying to break through a wall of secrecy and mis information given the Senate committee about the leasing and other transactions which occurred about the same time. But how to bring out, fully, facts which constitute what many Senators declare is "a national disgrace” is baffling the investigators who believe the American people, for their own future protection, are entitled to the whole truth, no i.Matter who is hurt. No Desire for Gossip There is not the slightest desire on the part of Senator Walsh to spread abroad a sensational story. Anyone who knows Walsh, with his restrained, conservative, extremely judicial mind knows he is no sensation monger of gossip or spreader of scandal. Walsh wants facts. He ha enough to satisfy him the strongest possible barriers must be erected to prevent anything like the Teapot Dome lease ever occurring again. Walsh will try to accomplish two things: 1. Break the Teapot Dome lease. 2. Get legislation preventing future leases of naval oil reserves without the specific approval of Congress. Provides Legal Grounds The Senate investigation has already provided adequate legal grounds to break the lease which Albert B. Fall, former Secretary of the Interior gave to the Sinclair interests, Walsh said. "First there was no authority for the transfer by President Harding of the naval oil reserves to the Interior Department,” Walsh s&ld. “Second, the contract provided tha Government should build oil tanks In return for royalty oil. This called for an expenditure of money without congressional appropriations and was illegal.”

DUELING INGREASES AT MUNJCHSCHOOL Doctors Called In as High as Fifty Cases a Week, MUNICH, Jan. 18.—A bulletin issued by the medical school of tha State University here gives some interesting information about duelling among the student corps this year. The article declares that duelling has increased more than 100 per cent in the last two years. Where last year the schoool clinic and doctors were called upon to attend twenty-five oases in a week, the numbers so far this semester run more than fifty. The reason for the increase ts given as the lack of military activity that was formerly available to the student* and the great loss in prestige that the non-duelling corps had before the war. Fencing instructors are said to be in great demand, and It is a recognized fact that the polioe make absolutely no disturbance about the duel*.

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