Indianapolis Times, Volume 35, Number 217, Indianapolis, Marion County, 23 January 1924 — Page 11

WEDNESDAY, JAN. 23, 1924

MARKET LEADERS •DISPLAT MARKED RALLYING POWER Steel, Studebaker, Baldwin and Can Annex Gains in Initial Trade, PAN-AMERICANS ARE SOLD General Electric and Corn Products Make Bullish Demonstrations, The WALL STREET JOURNAL NEW YORK. Jan. 23.—Little change In the market's general characteristics were noticeable In the early dealings today. Steel common showed signs of better swnrort, rallying a half to 100%, due to the proximity of the dividend meeting Jan. 29 at which time an extra payment Is expected to furnish further bullish ammunition. New York Central was •teady In face of the 5 per cent wage dvance granted 15,000 employes and the fact that similar negotiations must be entered into next week with 17,000 conductors. Studebaker also developed fractional rallying power. Fli-st Hour Rallying tendencies grew' more pronounced in the main body of industries as the first hour, progressed, Steel, Studebaker, Baldwin and American Can scored fair-sized recoveries and bullish demonstrations were made in General Electric and Corn Products, the latter marking a record high. Industrial Alcohol showed special strength, reaching anew high In anticipation of an early $6 dividend tat,. The Pan Americans continued under pressure, "A” stock breaking bo!<nv £0 for the first time since 1922. Second Hour Leading industrials fluctuated In a narrow area in the late morning, but special strength developed In groups Like the sugars and coppers. Famous piayers-Lasky showed some signs of life in the wake of a tremendous turnover on the curb in the newly arrived Warner Pictures, whose activity represented Allan Ryan’s return to Wall Street. Sears-Roebuck moved a half point to 92, in response to publication of its 1923 report, which reflected the Improvement in the mail order business last year. Twenty active industrial stocks on Tuesday averaged 97.41, up .13 per *cent. Twenty active rails averaged off .09 per cent. Local Bank Clearings Indianapolis bank clearings Wednesday *ero $2,898,000: bank debits were $0,284,000. New York Money Market By United financial NEW YORK. Jan. 23—Time money in supply at 4% per cent, with slight demand. Commercial paper market quiet at 4% 0 5 per cent. Foreign Exchange Bu United financial NEW YORK, .tan 23.—Foreign exchange opened ower Ster ing. demand, $4 22 % : cables, 54.23. Francs, demand. 4.49%c; cables, 4.50 c. Lire, demand. 4.35 c; cab es. 4.35 tic. F.e'glan. demand. 400 He; cables, 4.10 c. Marks. 1500.000.000.000 to the collar. Czeeho. demand. 2.90 c; cables. 2.9otic. Swiss, demand, 17.27 c; cables, 17.29 c. Guilders, demand. 37.12 c; cables. ST.loe. Pesetas, demand. 12.88 c; cables, 12.70 c Sweden, demand 25.94 c; cables. 25.98 c. Norway, demand 13.91 c: cables. 13.95 c. Denmark, demand, ltt.2le; cables, 18.25 c.

Produce Markets

INDIANAPOLIS. Jan. 23.—Fresh eggs, loss oq, 38c; packing stock butter. 27e; tonnes, over 2 lb.. 20c: low!#. 4% lbs. jp, 22c: fowls under 4% lbs. I9e: Leghorn pou'try, 25 per cent drioouat: cock-*, 12c; etags. 15c; capons, 7 lbs. up. 20e: young tom turkeys. 12 lbs. up. 27c: young hen turkeys 8 lbs. up, 27c: old tom turkeys, 20c: du-dts, 4 lbs.. 21c; gecße. 10 lbs. up. 15c: squabs. 11 lbs. to the doz.. $5; old guineas, doz., $5. Indianapo'ls . reameries Ire paying 50c per ’b. for butterfat. CHICAGO, Jan. 23 —Butter—Receipts. 0.939: creamery extra. 50'-; standards. 50c: 47© 48c; seconds, 45 ©4oc. Eggs—Young Americas. 24% ©2sc. Poultry—Receipts. 2 cars; fowls. 16©23c; ducks. 23c: geese. 17c% turkeys, 20c; springs. 21c; roosters. Ise. Potatoes—Receipts. 213 c: re; Wisconsin round whites, $1.4001.60; Minnesota. North Dakota Bed iliver Chios, $1.4001.45. CLEVELAND, Jan. 23.—Butter—Extra tn tub. 54050 c. extra firsts, 53056 c: firsts, 610 63c; packing stock, 07 029 c; standards. 62@54c. prints, Ic a pound extra. Egg-, Fresh gathered northern extras. 49c; extra firsts. 48e: Ohio firsts, 40c: western first*. 45c: refrigera'ed extras 29c; firsts, 27c. Poultry—Live lat fowls. 24 @2oc; springers. 23 0 25c: Leghorns, 17c; o’d roosters. 14@15o; gecee, I7c: heavy white ducks, 23@27e: light colored. 20@22c; medium fowls, 20 0 23c; turkeys. 28c. Potatoes— Unchanged. NEW YORK, Jan. 23.—Flour—Dull and unchanged. Pork—Dull: mese. $17.50. Lard -—Steady; midwest spot. $12.70. Sugar— Raw, quiet. 6.53 c; refined quiet: granulated, 8.26©8.60c. Coffee—Rio spot 10%c; Santos No. 4. 15%©16%c. Tallow—Easy; special to extra. 8%@8%c. Hay—Easy; Ko. 1. $1.4501.50; No. 3. $1.250130; No. 4. $1.2001.40. Dressed poultry— Quiet; turkeys. 25 @ 40c: chickens. 16 048 c: fowls. 20 0 30c: ducks. Long Island. 27 %@ 28 He. Live poultry—Quiet; geese. 230 25e: ducks. 15 0 34c: fow’s. 28 0 30c: turkeys, 28 0 32c roosters. 230 30c: chickens, 32 036 c: capons. 28 032 c Cheese —Steady; State, whole milk, common to special. 10© 27c: State sfcim*. cV-l to sc'-ci* r. t " Ci 19c; lower grades, 5014 c. Butter—Quiet; receipts. 2.08. creamer' extra * ©5 %c; •pedal market. 61@51%e; Slate dairy, tubs. 40050 c: Danish, 49%@50%c: Argentine. 40047 c: Canadian. 10© in.-. " , 9 —Quiet; receipts. 7.163: nearby whites, inner. 55 0 56c: nearby State white. 44© 54c: fresh firsts to extras. 43 0 50c: Pacific coast. 20 %@54 %c: western whites, 44 0 64c; nearby browns, 52c. in the Cotton Market -At > United Financial YORK. Jan. 23.—Cotton market steady: January. 32.85 c, up 2 point* March, 33.15 c. up 8 points: May. 33.30. up 2 point*: Ju t. 32.12 c. off 8 points. The census bureau reports cotton ginned, counting round bales as half bales and excluding linters. to Jan. 16. 9.946 402 bales, against 9.048.261 a year ago. The amount Sinned between aJn. 1 and aJn. 10 was 139,24 a year ago 50.931. Included in above round bales 235 891 year ago 107.399; American Egyptian 20,181. year ago 30.667; Sea Island 781: year ago 5.065. Dressed Beef Prices Wholesale selling price* on dressed beef, Swift it Cos.: Ribs—No 2. 30c; No. 1,17 c. Loins —No. 2,26 c: No. 3.18 c. Rounds— No. 2. 20c; No. 3,15 c. Chucks—No. 2. 18c; No. 3.10 c. Plates—No. 2,8 c; No.

New York Stocks (By Thomeon & McKinnon) —Jan. 23

Railroads— At 12:45 Prev. High. Low. p. m. close. Atchison ... 08% 98% 98% 98% B. & 0 68 57% 57% C. & 0 73% 73% 73% C. & N. W R. 51% 51% 51% 61% C„ R. & P.. 24% 24% 24% Erie 28% 25% 25% Gt No pfd. . 58% 56% 56% Lehigh Val.. 71% 70% 70% 71 Mo. Pac pfd.. 32% 31% 32% N. Y. Cen. . .101% 1014* 101% N Y N H & H 18 % 18 18% 17% No Pacific. . . 63 % .... 53 53 Pennsylvania.. 44 % 44% 44% 44 Readme 56% 66% 66% 56 So. Railway. 42% 41% 42% St. Paul pfd.. 26% 26 26 26% Union Pac 129% 129% 129 % Wabash pfd. 38% .... 38 38% Rubbers— Kelly-Spg. ..31% 81% 31% 30% U. S. Rubber 39% 39% 39% Equipments— Am L0c0... 73% 72% 73% 72% Bald. Loco . 123% 122% 122% Gen. Electric 215 213 214 214 Lima L0c0... 43 42% 65% Pullman . .124 123% 124 123% West. Atrb... 94% 94% 94% 94 West Electric 64% 64 64% 64% Steels— Bethlehem... 54.% 54% 54% 54% Crucible 6 65% 65% 65% Gulf States.. 82% 82% 82% 82% Rep Iron A S 54 ... 53% 63% U 9 5tee1...100% 100 100% 99% Mining*— Gt North Ore 29% 28% 29% 29 Tex G & Sul 62 % ... 62 % 62 % Coppers— Am Smelting. 58% 58 58% 68 Anaconda.... 38 37% 38 37% Kennecott.... 35% 34% 35% 34% Motors— Am Bos Mag 34 33% 34 34 Gen Motors.. 15 ... 14% 14% Max Mo ‘A" 53 % 62 % 53 62 % Max Mo "B" 15% ... 15% 15% Studebaker ~100% 99% 100% 99%

OPENING GRAINS SHOWWEAKNESS Fair Class of Buying Follows Weekly Report. By United financial CHICAGO, Jan. 23. —Grains opened weak to lower on the Board of Trade today. Following an early dip. wheat en countered good local buying, induced by the weekly Government crop report. Severe cold weather has been hard on the winter crop in Southern States, parts of Ohio and Indiana, the report said. Corn opened unchanged, but met some buying when wheat turned strong, also on account of light re ceipts. Country offerings were light. Outside markets continued to overbid the local mart. Feeder demand showed little change. A small movement and good cash demand helped oats to recover from the Initial slump. Provisions opened unchanged to slightly lower without any feature. Chicago Grain Table —Jan. 23 WHEAT— Prer. Open. Hirb. Low, Close, c'osc. May .1.08% 1.09% 1.08% 1.09>i 1.08% 1.08% July .107% 1.07% 1.07 1.07% 1.07% 1.07 Sept. .1.06% 1.06% 1.08% 1.06% 1,06% 1.06% CORN— May . .79% .80% .79 .80% .79% .79 July . .80 .80% .79% .80% .79% .79% Sept. . .80% .81% .80% .81% .80% .80% OATS— May. . .47 .48% .47 .48 .47% .47% T u!y . .45% .45% .45% .45% b. 45% Sept. . .43% .43% .43% .43% .43% CHICAGO. Jan. 25.—Car lot receipts: Wheat, 18; corn, 151: rye. 44; oats, 13.

Grain Briefs

CHICAGO. Jan. 23.—8e10w tero weather thlg week found wheat flielda well protected by mow and no unfavorable effect Is probable, B. W. Snow declared. Kansas bankers following: a general survey of the State said their figures show that fully 25 per cent of the State's wheat fields are being held over for the spring crop. Although domestic supply is expected to decrease rapidly for the remainder of the s f aeon, it is not expected that It will be of sufficient Import to effect unfavorable conditions abroad. Wheat's exportable surplus Is unofficially estimated at 187 500 090 bushels compared with 141 000.000 bushels actually shipped out last year. Many In the wheat trade are watting for stronger Incentives before taking hold. These may come iater i.. crop reports as result of the extremely cold weather. Canada Is unselling the Pacific Northwest in the Orient on both wheat and flour. Local Wagon Wheat Local mills and eievators are paying $1.03 for No. 2 red wheat. BACKING AND FILLING - FEATURES CURB TRADE Ward Issue* Continue to Lead Industrial List. Bp United Financial NEW YORK. Jan. 23.—A backing and filling market characterized the curb list today with cross-currents In both the oils and Industrials. A feature of the petroleums was the continued weakness in Pan Petroleum western rights, which, in sympathy with the further decline of the PanAmericans on the stock exchange, sank to 60c each. A few of the lower priced Standard Oils scored fractional advances. Nebraska receded after gaining 2%. South Penn touched 1 point. The Ward issues again led industrials, the strength here being due to good dividend prospects on the 'W Issue with something left for the “B” The former advanced as much as 5 points to 70 and the latter \ to 22. Warner Bros, pictures, a newcomer, was again active at 12%. The Lehigh Valley coal issues fell off under realzing. Radio Issues remained firm. Tank Wagon Prices (GvKj'lne prices quoted do not include State tax of 2c a gallon.) GASOLINE—Energee, 20c a ga’lon: Purol. 16 c 2; Red Crown, 16 2c: Target. 16 2c: St’ver Flash, 20e: Standolind aviation 10 08c. KEROSENE—Crysta'ine. 11.7 c: Moore Light. 14 65c. Perfection. 10.7 c. NAPTHA—Lion Power e’eanera. 25.01 c: V M. & P., 20.1 c; Standolind cleaners. 20.01 c. Raw Sugar Market By United Financial NEW YORK. Jan. 23.—The raw sugar market opened stady: January. 4.00 c bid: March. 4.75® 4.76 c: May. 4.87 4.88 c. Cloverseedltoarket Local dealer* are paying $lOl2 a bushel cloved -

12:45 Prev High. Low. p. m. close. Stew art-W 95% 94% 95 94% Timken 39 38% 39 38% Wiily 9-O’land. 12% 12% 12% 12% Oils— Calif Petrol.. 26% 25% 26% 25% Cosden 35 % ... 35 % 35 % Houston Oil.. 71 70% 70% 70% Marl and Oil. . 37 % 37 37 % 37 Pan Am Pete. 60% 48% 49% *60% Pan-A Pete B 49% 47% 48% 49% Pacific Oil.. . 61% 50% 51% 61% Pro and Rel 42% 41% 42 41%' Purr? Oil 24% ... 24 24 Std Oil of Cal 64 % ... 64 % 64 % Std Oil of lij 40% 40% 40% 40% Sinclair 23% 23 23% 23% Texas C 0.... 43% ... 43% 43% Industrials— Al’ied Chem.. 70 ... 69% 70 Amer Can .108% 107% 107% 107% Amer Wool. 75% ... 75% 76% Cent Leather 16% ... 16% 16% Com and Tab 95 % ... 95 % 95 % Cont Can... 65% 65% 55% 65% Davison Ohm 63 % 62 % 63 % 65 % Fam Players. 76% 69% 70 70% Gen Asphalt. 44% 43% 44% 44 Mont Ward.. 25% ... 25% 25% Nat Lead ..145% 144% 145 Vi 144 Sears-Roebk. 92 ... 01% 91% VS C I Pipe 75% ... 74% 74% U S Ind Aico 74% 71% 74% 71% Utilities— Am T and T. 128% ... 128% 128% Con Gas ... 63 % 63 % 63 % 63 % People's Gaa 94 % ... 94 % ... Shipping— , Am Int Corp 22% ... 22% 23 Int M M pfd 31 ... 30% 30 Unit Fruit .IS9 185% 188% ... Foods— Am Sugar... 57 55 57 65% Corn Prod ..173% 170% 173% 169% Cu-Am Sug. . 34% 34% 34% 24% Punta Alegre 58% 57% 58% 57% Tobaccos—Tob Prod B. 67% ... 67% 67%

TRACTION ISSUES AGAIN LEAD EARLY BOND TRADE Forward Movement in Rails Also Bosum: d—Liberties Strong. By United financial NViW YORK, Jan. 23.—With call money renewals Rt 4 per cent, the bond market was active in the early trading today. Trading in the traction bonds was again heavy with the price trend upward. I. R. T. refunding fives reached anew high on thio move i>3%, up % Brooklyn-Man hat: an 6s repeated their recent high of 76%, up V Third Avo. adjustment 5s 47%, up %. New York Railways refunding 4s 34%, up %. Continued weakness In the oil group was the feature of the industrials. Sinclair 6%s dropped a point to 87% (ind Sinclair Crude Oil Purchasing 6%s 97%. Mexican Pete 8s 192, off %. Pan American 6%s 94%. off 1. Although copper stocks were strong, Cerro de Pasco convertible 8s dropped 2 points to 137. Sugur bonds generally were r shade lower. The forward movement in rail bonds was resumed and most issues showed fractional gains. St. Paul issues, which reacted on Tuesday, •.ere fractionally higher. Liberties were strong. g

Business News

NEW YORK. Jan. 23. —The act an Inquiry, extending Into the activities of all of the odd lot cotton exchanges, has t<ern begun by the State attorney general, has JUst been made public. Deputy Attorney General W. W. Chambers has begun an ex.imination. broad in scoim; and taking on the feature sos it John Doe proceeding, before Justice Charles L. Guy of the Supreme Court. According to the announcement made, representatives ol the Sew York Cotton Exchange, the odd lot exchange. the National Cotton and Gram Exchange and the latest and newest ol the odd lots, the Federal Cotton Exchange, will ie mbpoenaed to appear bciore the court, socording to Mr. Chamber*. LONDON—Regi-tered unemployed In Great Britain Jan. 14 were 1.220,400, against 1,227.700 on Jan. 7, aud 1.468.000 u Jan. 15, 1923. CHlCAGO—Studebaker operations are being increased In all plants r.ad will be on a capacity basis by Feb. 1, with 33.000 cars scheduled for production in the first quarter. Unfilled orders for Studebaker oars for spring delivery held by dealers throughout the country greatly exceed in number those held last year at thi stime. Actual deliveries of ears by dealers to oonaumi rs in the first fifteen day* of January show a substantial increase over last year. Indianapolis Stocks —Jan. 23 Bid Ask. Am Central Life 200 ... Am Creosoting Cos pfd 97% ... Advance Rurnley com 5 ... Advance Rurnley pfd 35 ... Belt R R com 73 77 Belt U R pfd 62% ... Century Bldg Cos pfd 98% .... Cities Service Cos com . . ... Cities Service Cos pfd ... Citizens Ua# Cos com 29 31 Citizens Gas Cos pfd 101 104 Indiana Hotel com 100 ... Indiana Hotel pfd 100 ... Ind Nat Life Cos 8 ... Indiana Pipe Line Cos 90% 93% Indiana Title Guaranty C 0... 80 ... Indianapolis Abattoir pfd 40 Indianapolis Gas 51* 54 Indp's & Northwestern pfd. .34 ... Indpls & Southwestern pfd.. .. 45 liidpls Street Railway 40 .... Indpls Tel Cos com 1 ... Indpls Tel Cos pfd 90 ... Mer Pub Util Cos pfd 82 ... Nat Mot Car Cos 2 Pub Savings Ins Cos 12 ... Rach Fertilizer pfd a 40 Standard Oi! Cos of Ind 69% 67% Sterling Fire Ins Cos 10% ... T II I & E com 2 6 T H I A E pfd 10 20 T H T and L Cos pfd .81 Union Tree of Ind com 1 4 Union Trac of Ind Ist pfd... ~ 25 Union Trac of Ind 2d pld. . 3 7 Van Cutup Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Vandalia Coal Cos com 3 7 Vandalia Coal Cos pfd 7 13 Wabash Ry Cos com 12 ... Wabash Ry Cos pld 3/% ... Bond* Belt R R & S Y 4*. May. 1930 81 Broad Ripple ss, July. 1923. .. 64 Cent Ind Gaa ss, Sept., 1931. ~ ... C Ind Pow Cos 6s, July. 1947 86 Citizens Gas ss, July. 1948.. 85% 88% Citizens Gas 7s 101 ... Citizens St R ss. May. 1923. 80 82 Ind Coke A G 6s. Apr.. 1948 89 92% Ind Hotel 6s. July 1931 92% 97% Ind Hotel Cos 3d oa. drawable 99 % ... Ind Northern 5a 31 ... Ind Ry A Lt ss, Jan.. 1943. . . 90 .... Ind Serv Cor 6s, Jan.. 1950. .. ... Ind Un Trac 6s, Ju’y. 1930.. 35 Indpls Ab Cos 7%5, Sept . 1931 99 102 Indpls, Col ASo 6s. Feb.. 1948 96 % 100 Indpls Gas ss. Oct.. 1953 84% 85% Indp's L A H 5-1. April, 1940 96% 96 Indpls A Mart Os. Jan., 1932 56 61 Indp s North Es. July. 1932. 46% 50 Indpls Nor.hwestern ....... 4-4 47% Indp's A S E 5s Jan., 1923. .. 35 Indpls A S E 5s Jan., 1933. .. 45 Indp's St Ry 4s, Jan.. 1935.. 03% 65 Indp’s T and T ss, Jan.. 1933 87 90 Indpls Un Ry 4%5. Jan., 1965 94% ... Indp's Un Ry 6s 95 ... Indpls Wa 5%8. March. 1933 95 98 Indpls Wa 4%s Jan.. 1940.. 88% 91% Inter Pub Serv 6s, Apr , 1942 88 92 T H I A E ss. April, 1945.. 64 09 T H I A L 6s. May. 1944.. S3 Union Traction 6s . 64 69 Sales 51.000 Indpls Gas 5s t. 5 $85,428,355 IS SUBSCRIBED Bishops of M. E. Church Meet at Conference in Chicago. Bu Un’tcd Prut CHICAGO, Jan. 23.—The Methodist Episcopal Church has subscribed $85,42|,g55 to benevolences during the fotty-jrear period, 1919-1923, according to the report of Dr. Jt. J. Wade, secretary of the board of benevolence, read today at a conference of fourteen bishops-of the church. Bishop F. D. Leete, Indianapolis,

THE INDIANAPOLIS TIMES

HOGS HOLD STEADY DESPITE RECEIPTS Increased Offerings Absorbed at Unchanged Prices, Hog Priors Day by Day Jan. 250-300 ibs. 200-225 lbs. 150-180 lbs. 17. 7.55 0 7.00 7.55 7.50© 7.55 18. 7.40© 7.45 7.40 7.35© 7.40 19. 725 7.20© 7.25 7.20 24. 7.45® 7.50 7.45 7.40® 7.45 22. 7.50 7.50 7.45© 7.60 23. 7.60© 7.55 7.50 7.60 Despite decidedly increased receipts, prices for hogs ruled steady in trading at the local livestock market today, principally as the result of shipper demand and the necessity of local packers to even up their supplies. Prices were practically unchanged with all weights and classes selling at a flat price of $7.50 with a top of $7.55 for a few extra fancy heavyweights. Sows remained unchanged at $6.50 down, but pigs were stronfPto 25 cents higher at $7.25 down for those weighing 130 pounds and up and $7 down for the lighter weights. The day's receipts touched 13,000 or more, inclusive of Tuesday’s carry-over of 375. Kingan & Co.'s buyers were active in the early market, having taken 5,000 or more hogs in the first hour of trading. Shippers were equally ac live, but the supply was too large to result in any upbiddlng of prices. A fairly good clearance was effected in the first hour of trading at the end of which few cars were reported en route. Receipts in the-truck division I were heavier, indicating an improvement in road conditions throughout the state. Cattle values labored under the de ; pressing Influences of a rather erratic i market in Chicago Tuesday and most ‘ prices were regarded as slightly under j early week quotations. Bteers were; bid lower and common and medium grades lost proportionately. Receipts 1,000. Steadiness marked trading in the calf department in which prices were practically unchanged with top veals bringing sls and the bulk sl4 to $14.50. Receipts 500. The sheep and lamb market showed more activity, due to Increased receipts of 600 head. The market was generally regarded as steady with na tive lambs selling down from sl3, light sheep down from $7.50 and heavy sheep down from $7. —Hoc*— Choir* light* $ 7.60 Light mixed 7 50 Medium mixed 7 50 Heavyweight* 7 50® 7.55; Ton 7.55 Bulk of *av* 7 >0 I’lg* 6 7 .® 7 25 Packing *ow 6 00® 6.30, -—CattleFew choice steer* m ..$lO 00® 11 00 Prime corn-fed *teer, 1.000 to 1 800 lb* 9 00® 950 , Good to choice steer* I.OOOto 1.100 lb* 8 50© 9.00! Good to choice teer*. 1,000 to 1,200 lbs 7 50® 800 1 Good to choice *teer. 1.000 to 1.700 lb* 6 50® 7.50 j Common to medium steere, 800 to 1,000 lb* 5.00© 7.00 —Cows and Helferw— Good to light heifer* $ 9 00010 00: Good heavyweight* 7.25© 9.00 j Medium heifer* 6 00© 725 Common cow* —3 00© 6.00 Fuir cow* 6 60© 7.00 Cutter* 2 76© 3.25 Canner* 2.25® 3.76 —Bull*— Fancy butcher bull* $ 5 00® 6 00 Good to choice butcher bull*. 5 00© 5.50 Bologna bulls 4 25© 4 75 —Cal e r* Choice ve*l* $1 \ no a 1 *• Good veal* 12 00® 13 00 f.lghtweight veals 10 00012 00 j Common veal* 8 OUhIO o Oorumoii heavies 6 00® 7.00 Top 15 00 —Sheep and Lamb*— Extra eholce lamb* $lO 00?13 00 Hpavy lamb* 8 00© 10.00 Cull lamb* 6 00© 7 00 Good to choice ewe* 4 00© 7.00 Cull* 2 00® 3.0(j : Other Livestock CHICAGO, Jan. 23.—Cattle—Receipt#!! 13.000. market for beef steer* and fat she -tock practically demoralized; shippers *e-i rcting good choice yearling* and handyweight steers: steady: few early sales, $lO ©10.25; some held higher: canm rs cutters and bulls s’ow. Bteady; vealers 25c higher Sheep—Receipts. 17. market fairly active; Ist lambs and yeardngs, weak to 15c oft: sheep and feeding lambs steady; bulk good ; and choice fat wooled lamb*. sl3 50® 13.73: top to city butchers and shipper-., $13.90; good and choice yearling wethers, $11.76; handyweight fat ewes. 88; feeding lambs. 813® 13 25. Hogs—Receipts, 33 - 000: market most’y steady; 6c off; top, $7.35; bulk. $7 <87.20; heavyweight, 87 15 ©7.30; medium weight, 87.10 © 7.35 | lightweight. $6.80®7.20 light light s6® 7 10; packing hogs, smooth. $6.65®6 80: (lacking hogs, rough. $6.40 06.85; slaughter pigs. 85® 6.25. CINCINNATI. Jan. 23.—CBttle—Reeetpt* 700 market weak, steady: shtpper* $7.50 ©9.50. Calves—Market, strong to 50<higher; extras. $12.50014. Hog*—Receipt# 5 000; market, slow to 10@25e lower good to eholce packers, $7.73. Sheep—Mark- t. steady: extra*. $4 50® A. Lambs—Market, steady; fair to good. 913 50® 14 EAST ST. LOUIS. Jan. 23.—Cattle—Rs- ' ceipts. 2,500; market, beef steers lower; na- 5

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Electrical Service Economy

A Hoosier Investment Better than 7%% on your savings

tive beef steers $7 up: yearlings and heifers, $9 up cows. $5.25 up; eanners and cutters , $21508.25: calves. $12.50: Stockers and feder*. $4 50(05.50. Hogs—Receipts. 20.000: market, 5c lower; heavy, $7 25©7.4 .; medium, $7.20®7.45; lights. [email protected]; light lights. [email protected]: packing sowb, s6.ld @6 50: pigs. $5 50©6 50 bulk. $7.16© 7 40. Sheep—Receipts. 1,500: market steady: ewes. SSO 8: eanners and cutters, $1.5005: wool lambs. $11.75013.25. KANSAS CITY. Jan. 23.—Cattle—Receipts. 7.000; calves. 1,500: market, slow; very little done early; choice handy weight steers, $lO look around steady; receipts mostly short feds of rather plain quality: caiiy sales of she-s'oek steady; beef cows. $1 ©4.75: eanners and cutters. $2 25® 3.50: bulls and calves steady: top veals. $10.50; stockers and feeders scarce, practically no early trading. Hogs—Receipts, 18.000: very little doing: light lights to shippers around steady: few 180-pound averages at $6.85 bulk 130 to 140-pound averages. $6.1006.35; $7 paid by traders for me-dium-weight; packers and shippers bidding un to $6 95. or 10c lower on good heavies. Sheep—Receipts. 4,000: slow, opening saies lambs look about steady $13.10 paid: some held higher; sheep, steady; lightweight ewes. SB.IO. EAST BUFFALO, Jan. 23.—Cattle—Receipts. 675: mnrkett dull, steady; shipping steers, $9.50 @ll 1 butcher grades. sß® 9.50; cows, $2 @0 25 Calve*—Receipts. 50: market active, steady: culls to choice, $4 @ls. Sheep and lambs —Receipts. 1.800; market active, steady; choice lambs. sl4 0 14.35; culls to choice, $8.50© 13.50; yearlings, $8.50012.50; sheep. $3.50 @9.65 Hogs—Receipts. 0.400; market slow. 5 @ I.oc lower: Yorkers, 87 © 7.85 pigs. $7; mixed, $7 75® 7.85; heavies. [email protected]; roughs. $600.25: stags. $3.3004.60. PITTSBURGH. .Tan. 23.—Cattle—Receipt* light market steady: choice. $9.65 @10: good, $8 50 0 0.25; fair. $605.35; veal calves, sl4 @14.25. Sheep and lambs—Receipts light, market steady; prime wethers 88.75® 9; good. $8 0 8.60; fair mixed. so© 7: lambs. 9100 14.50. Hogs—Receipts, 30 doub'e-deoks :rnarket steady primo heavy, $7.9007.95: mediums, $7 9007 93; heavy Yorkers, $7.9007 95; light Yorkers. %J. 25 0 7 40; pigs. *6.5000.75; roughs. so® 6.75: stags. s3@3 60. CLEVELAND, Jan. 23.—Hogs—Receipts. 4.000; market 5c higher; Yorkers. $7 85. mixed, $7.85; medium $7 85; pigs, $0.76; roughs. $6: stags, $4.50. Cattle—Receipts, 350: mark-t slow, unchanged. Sheep and lambs—Reeeipt*. 1.000; market 25e higher; top, $14.25. Calves—Receipts. 500; market steady; top. SI4. HELP OFFERED MINERS Representative of Playgrounds Association Wants to Cooperate. One of the objectives of the United Mine Workers of America is to uplift men and make it possible for them to lead the higher life God intended, Eugene T. Lees, New York, representative of the Playgrounds Association‘of America, told the miners in convention here, today. In this respect. the object of the playground association coincides with the union, he said. Lees offered the cooperation of the association to the local unions. Cooperation would resuit in opening playgrounds and recreational centers in mining towns, Lees said. Selling Stolen Gun Charged Clarence Jones, 25, colored, 621 Rlackford St., was charged with selling firearms to a minor and receiving stolen goods today. Detectives alleged he received a revolver from a boy and sold it to another hoy. The boy who. It is alleged, stole the gun. was placed in the Detention home. Police said he stole the piece from the Em Roe Sporting Goods Store. 209 W. Washington St. Fund Directors to Nominate The board of directors of the Indianapolis Community Fund will meet Thursday noon at the Lincoln to nominate six candidates to be voted into the board at Its annual meeting Feb. IS at the ClaypooL Marion Man Killed In Wyoming By Times Special LARAMIE, Wyo., Jan. 23. —Frank M Lee, 51, was accidentally killed in the oil field near here Monday night. Lee formerly lived at Marlon. Ind.

BANNER YEAR FOR AUTO INDUSTRY Prominent AntomobUe Interct# nnnlmou#ly predict continued good allowing by Motor Manufacturer*. Let n lend yon particular* of a motor company with an exceptionally favorable earning and dividend record wrho#e ■ hare* have an active market and ran be purchased to yield nearly 10 per cent with attractive market po**tblllUe*. Reqne*t Bulletin PKM No Obligation (No Promotion*) F. H. McNULTY & CO. Ground Floor 171 Quincy Street Phone Wabaxh 3147 New York Chicago Pittsburgh

The coat of manufactured articles has Increased since 1917 on an average of 657 e. Yet electricity Is sold at about 5% less than In 1913. It is because of manufacturing economies and increased uses. This Industry is sound and safe, aa well as essentiaL Constant demands for new services compels the steady growth of this company's subsidiaries. This means added earnings, greater protection to shareholders. Our Preferred Shares, $92.60 each, yielding better than 7%%, are offered for cash or on payments of $5 down and $5 monthly per share; 6% interest on advanced payments. INVESTMENT DEPARTMENT Central Indiana Power Company

Mrrflmnt* Hnt and Light Company Northern Indiana Power Company lVaba-h YtUlry Electric Company Valparaiso Lighting Company Indiana Electric Corporation A Hoosier Institution *

Pre-Inventory Sale

PRE-INVENTORY SALE Portable Ovens A fully guaranteed oven. Specially priced while a limited supply last. PLAIN FRONT— 70 $3,75 quality | / GLASS FRONT— (T 9 QO $3.85 quality —Fourth Floor.

PRE-INVENTORY SALE Wool and Silk DRESSES $18.50 to $25.00 Qualities $12.75 For women and misses—left from our recent large sale. —Basement.

PRE-INVENTORY BALE Women’s Undergarments sl, $1.50, Qualities, 2 for $1.25 Outing flannel gowns, muslin gowns, envelope chemise. Slightly countertossed. —Basement

PRE-INVENTORY SALE Women’s Bathrobes r?, y $2.93 Sizes 34 to 54 An opportune sale for the larger women. —Basement

PRE-INVENTORY SALE Women’s and Misses’ Crepe Kimonos 98c Sizes 20, 21, 23 and 24. Clearance of broken lots and sizes. Front lace models. 24 in the lot. —Basement

PRE-INVENTORY SALE Spring Capes and Coats for Girls $6 and Slof£O HQ Qualities Sizes 6 to 12. Os Bollvias and mixtures. While 26 last. —Basement.

PRE-INVENTORY SALE Girls' Regulation Dresses sn.oo c oc Quality Sizes 8 to 14. Two-piece styles, wool dresses, silk braid and emblem trimmed. —Basement.

Newton Todd

PRE-INVENTORY BALE BLEACHED SHEETING BLEACHED SHEETING—"Mohawk;" CC 2% yards wide. Extra special a>*/v BLEACHED SHEETING—“Utica;" 2% yards wide. Extra special BLEACHED SHEETING—2% yards wide; soft finish, finely woven sheeting; free from dressing. AAn (No phone orders). Extra special .*tTrv —Basement

PRE-'NVENTORY SALE BATHROBE BLANKETS s. $3.98 Beautiful color combination. Including the popular Indian designs. Cords, tassels and frogs, all complete for $3.98. —Basement.

PRE-INVENTORY SALE $5.50 PLAID BLANKETS $4.39 66x84 Inches. Full double size. Extra heavy, warm blanket*. Attractive color combination plaids. —Basemei.t.

PRE-INVENTORY SALE $1.75 Single PLAID BLANKETS 98c 64x76 Inches; fine, soft finish; beautiful color combination plaids In even and broken plaid designs; finished with shellstitched edge. (We reserve the right to limit quantities.) —Basement

ffi WH. BLOCK Cr Hart Schaffner & Marx guaranteed clothes for men, young men and boys (8 to 18'

pE-BASEMOff SpilEW ■ Brt''"iiii i isMfcik'i ,i i : ii*iii4iii iinii'ii’ i'fflf ii.ii j Miiir.ii ; ’ii ''iflli iil 'i i

PRE-INVENTORY SALE Florence Oil Heaters SSL, $4.98 No smoke cr odor with this heater. Will keep average size room comfortably warm. —Fourth Floor.

PRE-INVENTORY SALE Women’s Cloth COATS $19.75, $25.00 and $30.00 Qualities $12.75 While 100 last. —Basement.

PRE-INVENTORY SALE Womens and Misses’ Lingerie sl, $1.50, $2 CZQf% Qualities $/V Petticoats, princess slips, bloomers, etc. —Basement

PRE-INVENTORY BALE Women's Lingerie Blouses w 69c Qualities Broken lots of slightly counter-tossed blouses. —Basement

PRE-INVENTORY SALE Women’s Voile Dresses £& 49c Practical dresses for home wear. —Basement

PRE-INVENTORY BALE Girls’ Dresses s4andssdji AQ Qualities Sizes 4 to 12. Good quality wool crepe and velveteens. Practical for school and early spring. —Basement

PRE-INVENTORY SALE Girls’ WOOL SERGE “Gym” Bloomers *3.00 <£ “I QQ Quality ij) 1 Sizes 10 to 14. —Basement

PRE-INVENTORY SALE Elastic Girdles SNT Qft r Qualities t/v/Vz 81zes 24, 25, 26. 30 and 32. Slightly soiled from counter display.—Basement.

PRE-INVENTORY SALE Women’s Apron Dresses and House Dresses 1200 $ 1 OQ Quality Broken lots. Sizes 46 to 52, “Relaxo” dresses. —Basement

PRE-INVENTORY SALE Manchurian Wolf Scarfs $5 and $6 *f Q A “,‘Lrd9 OQ Qualities —Basement

PRE-INVENTORY SALE Girls’ Flannel Middies sl g Q . ua ': 79c $4.00 and $5.00 fl Qualities Sizes 16 to 22. Red and navy. Trimmed with braid and emblems. —Basement

PRE-INVENTORY SALE Women’s Buster Brown Pure Thread SILK HOSE 55c Fully reinforced. Seam fashioned. High spliced heels. Black or white. Black sizes 814, 9 and White sizes 8% to 10. —Basement

PRE-INVENTORY SALE "AUTO BRAND" BLACK SATEEN SHIRTS —51.19 Os best quality black sateen. Collar attached, two pockets, coat style. Double Etitching. Sizes 14 to 17. —Basement

PRE-INVENTORY SALE Bleached Sheets k, 95c Seamless, twin-bed else. Mill run of famous "Utica” brand. No phone orders. -^Basement

PRE-INVENTORY SALE Wool Plaid Blankets $12.00 AC Quality, Jp | Slse 70x80 Inches. Fine, soft, pink plaid blankets. While 10 last —Basement

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