Indianapolis Times, Volume 35, Number 219, Indianapolis, Marion County, 25 January 1924 — Page 15

FRIDAY, JAN. 25, 1924

VIGOROUS RALLY SCOREO BY MANY MARKET LEADERS Steel Common Goes to Highest Point Since Spring of 1923. OTHER STEELS GAIN Commission Houses Report Increase in Public Participation. The WALL STREET JOURNAL XEW YORK Jan. 25. —Stocks were stimulated in the early dealings on the stock exchange today by a number of constructive developments over night. The federal reserve ratios kept up their extraordinary improvement, the ratio for the system as a whole showing a further gain on top of the sharp advances of the two previous weeks, while domestic oils were strengthened by another 25c advance In Penna. crude oil. Bethlehem went into new high ground on the move, responding to the unexpectedly favorable character of the 1923 earnings. First Hour Stocks went ahead vigorously through the first hour under the leadership of Steel common, which went Into new high ground on the move at 102%, the highest level since spring. Republic and Bethlehem scored further gains and American Can achieved another record high at 112. Public Interest in the market appeared to be increasing. Many commission houses declare that participation in stocks from the interior Is larger than it has been since the early part of September. Second Hour

Price movements in the late morning continued to emphasize the market's belief that Congress would do something substantial in the way of lowering taxes. Steel common maintained extraordinary strength, reaching a further new high on the movement at 102% before 12 o'clock. New highs on the current recovery’ were attained by Sloss Sheffield, Gulf States and other leading independents, reflecting such favorable straws In the trade winds as that which said American Sheet and Tin Plate was operating at 97 per cent, the highest average in its history. Noon Hour Steel common, which is especially favored because of the industry’s ex • •client prospects, continued in demand lat the last levels of the current upswing during noon dealings, while 'urther substantial advances took riace in issues like Industrial Alcohol and American Car and Foundry. Coca Cola spurted to 76%, up 2% on the House Ways and Means committee's proposal to eliminate the tax on soft drinks. Fourth Hour Jesse L. Livermore in a wire to Dow, Jones & Company from Miami, expressed marked bullishness with regard to the market's outlook for highpriced industrials over the next six months and this class of stocks continued to be featured in the early afternoon under the leadership of General Electric, which duplicated its high on the movement at 217. This price has not been surpassed since 1902 when it sold at 302. Twenty active industrial stocks on Thursday averaged 98.59, up .86 per cent. Twenty active rails average 80.80, up .13 per cent. Local Bank Clearings Indlanapo.is bank c>ann?s Friday were $2 087.000. Bank debits were 55.741,000. New York Money Market By United Financial NEW YORK. Jan. 25. —Tim'- money market easier. 4 to 5 pr cent. Commercial paper fairly active at 4% to 5 per cent. Foreign Exchange Bv United Financial NEW YORK Jan. 25—Foreign exchange opened higher Ster’ing. demand. 54 2.2*4: cables 54.23 Vfc. Francs, demand. 4.53 c: cables 4 53He. Lire, demand 4 34c. cables. 4.34 He. Belgian, demand. 411 He: cable*. 4.12 c. Marks. 4.500.000.000.000 to .the dollar C*eoho. demand. 2.89 %c: ca“bles. 2.90 c. Swii-i. demand 17 24c 'ab'ea, 17.28 c. Guilders, demand. 37.07 c: cables. 37.10 c. Pesetas, demand.- 12.04 c; cables. 12.08 c. Sweden, demand. 25.88 c: cab’es. 26.92 e. Norway." demand, 13.78 c; cables. 13.82 c. Denmark, demand. 16.24 c: cables. 16.28 c. SPECULATIVE BONDS ARE EARLY MARKET LEADERS Issues o£ Sugar Producing Companies Make Sharp Gains. Bu United Financial NEW YORK, Jan. 25. —Call money renewal rates and continued re-in-vestment demand for bonds caused an active and broad movement in today's early dealings. While Jv'gh grade issues were active and firm, greatest interest wns centered on bonds with speculative possibilities, particularly convertible issues. Bonds of sugar producing companies again made sharp advances, most issues reaching new highs for the year. Cerro-de-Pasco convertible 8s 143, up 2. Feme oil issue rallied slightly. Sinclair crude oil purchasing 6%s 98. up % and Sinclair crude oil purchasing 54s 98, up % and Sinclair convertible 7s 94%, up % Issues of Ya-Caro. Chemical con tlnued weak, 7%s with warrants losing 2 points at 63 and 7s a quarter at 80%. The 7% per cent issue without warrants which had been inactive broke badly, selling at 61%, rff 6V 2 - | In the public utility group heavy 'demand continued for local traction bonds. Ralls were dull and generally eteady. Wells Vs. Hones Bu United Pr CHICAGO, Jan. 25.—Charles Harvey, manager of Billy Weils, claimant of the European welterweight title, passed through here Thursday en route to St. Paul, where he will second Wells against Jimmy Hones in 10 -ciunds tonight.

New York Stocks <By Tbtitnsoi • 'l-Kmnoal —Jan. 25

Railroads— 12:45 Prev. High. Low. p- m. c ose. I Atchison P* 97 % 98 98 B & O 58 % 67% 58 57 H I C & O 74 73% 74 73 CAN \V Ry 61 % ... 51 % 51 % j C. R A P. - 24% 24 H 24% 24 H ; Gt North pfd 58% 57% 58% 57 H ; Lehigh Valley Hi % 70% 71% 70 H | N Y Central. 102% 102 102% 102 j NY. NH&HIS% ... ISH 18%: Nor Pacific. . 54% 53% 54 53% | Pennsylvania. 44 H 43% 44 H 44 H j Reading 42% 41% 42 41 _* ; Sou Rahway. 42% 41% 43 al% Sou Pacific. . 87 % 87 % 87% 87 St Pan pfd. 26 H • • "B $6 j U Pacific. .. . 120 % 129 % 129% 129% I Wabash pfd. . 38% 38% 38H 38 Rubbers — Kelly-Spr 32% ... 33% 32% ; U S Rubber. . 41 ... 40% 40%; Equipments— Am Locomo.. 74% "4 j[3% Go dwin L0c.125% 125 125 124% ! Gen Electric .215 % 214% 21C 213 Lima Loeomo 06 % . . 66 % 66 % Pressed S Oar 60 56 % 59 66 Westingh Abk 96 .. 95 % 96 Westingh El.. 04% 63% 64 64 Beth'ehem.. ■ . 56% 55% 56% 55% Crucible .... 67 H 07 87 % 66 % Gulf States .. 84% 83% 84 83% 11. I. & Steel 56% 50 56% 56% V S. Steel.. .102% 101% 102% 101% Vanadium .. 30% ... 30 H 30H Minin saint Nic..el... 13% 13% 13% 13% Texas G. A S. 04 63% 64 €-3 Coppers— Am. Smelt.. 59% ... 59% ”9% Anaconda .. 38 % 38 % 38 % 38 ■ 1 Kenneeott .. 36 % 36 30 % 36 % Motors— Chandler Mot. 62% 61% 61% 62% Gen. Motors.. 15 .... 44% 14% Max M. (A) 54% 63% 64 GRAINS ARE SOLD ON EARLY BULGE Liverpool Imparts Strength to Wheat Values, Bu United Financial CHICAGO, Jan. 25.—Irregularity featured opening on the Chicago Board of Trade today. Strength in Liverpool and cold weather over the winter belt with prospects of further drops in the temperature gave wheat a strong and higher opening. Proftt-taking developed immediately, however, and prices began to sag. May and July corn rested at Thursday’s level until shortly after the opening when heavy selling developed, due to more liberal country offerings Cold weather is expected to retard selling. September showed some strength being under mysterious influences. Oats opened unchanged but met selling pressure with other grains. Provisions opened lower despite strong hogs and cables.

Chicago Grain Table —Jan. 25WHEAT— , P" T - Open High. Low. 11:45. close May .1.09% 1.09% 1.08% 1.08% 199% 1.09% 1.00*4 July .1.07% 1.07% 1.07% 1.07% 1.07% 1 07 % Sept. .106% 1.06% 106% 1.06% 106% Maj° R .80% .80% .80% -89% .89% 80% 80% July . .81% .81% .80% .89% .81% Sept. . 82 82 .61 % 81 % .81 % .81 % ol + OATS—— joyMay . 48 % .48% 48% 48% 48% .48 % July .40% 46% .45% .40% .46% .46% Sept. . 43% .43% 43% .43% .44% CHICAGO. Jan. 25— Primary receipts: WV-st 615,000 against 104.000! corn. 1 - •’4B 000 against 1.113.000: oats 602 000 against 093.000 Shipments: wheat. 382.000 against 570.000- corn 650 000 against 766,000: oats 513.000 against 713.00. CHICAGO. Jan. 25.—Car lot receipts: Wheat, 30, -'em, 100; oat. 07. rye. 7. Grain Briefs — CHICAGO, ilsn 25 —Trade sentiment avfors the bull side of the market, but tints far confidence is lacking and buying power is not broad enough to sustain any advances. Feeder demand is absorbing a’l corn of ferings In southwestern markets. Indicative of the acute shortage, -urn handers declared bids to the country Thursday night brought no. com. In the last tvm weeks one large Canadian exporter booked about four hundred loads of freight room alone the seaboard, or equal to 3,200.000 bushels. President Coolidge’s plans for aid to northwestern farmers. If it does nothing else, will serve to set at rest statein nts that farmers would be for.-ed to sell their grain because of the banking situation. Buyers of wheat arc encouraged by small receipts, decreasing terminal stocks, but reports show unusual amounts on farms, in country elevators and mills. The Kansas State crop Buffered no material damage, according to the State re- > rt. Crop- in -ome sections are froxen or brown, with the exception of la'e seeded grain, which seems to retain its vitality. Local Wagon Wheat Local mil’s and e’evators are paying $1 05 for No. 2 red wheat. OILS SWEPT INTO LEAD IN BUOYANT CURB TRADE Standard of Ohio Chalks Up an Eleven-Point Advance. By United Financial NEW YORK, Jan. 25—Aided by the latest advance in Pennsylvania crude oil prices and less hampered by outside considerations, the oils were readily swept into the'leadership of the curb market today and substantial gains were chalked up. Indiana Pipe Line gained 3 while Standard of Ohio showed a net gain of 11 points. Others of the Standards were up anywhere from % to 2 points. Continental Oil was up 114. Independent oils also were better. Mutual reached 13%. Phillips Petroleum sold at 35%. The industrials also were on the upgrade with gains general The Lehigh Coal issues were well up, as was American Gas and Electric. Continental Tobacco was up 1. Glen Aldcn Coal advanced % to 86%. while Gold Dust and Todd Ships were up % each. One of the outstanding features was the huge jump In Chesbrough Manufacturing Company at 311, the issue showing a gain of 61 points. Solar Refining at 216 was up 6 points. Ford Motor of Canada gained 4 to 440. In the Cotton Market Bu United Financial NEW YORK Jan. 25.—The cotton market opened barely steady. January. 33.40 c. up 10 point*; March. 33.52 c: May. 33.05 c, off 10 points; July, 32.63 c. off 7 points. Cloverseed Market Local dealers are paying $lO 0 12 a bushel for cloverseed.

12:45 Prev. , . High. Low. p. m. dose. Max. M. (B) 15% 15% 15% 15% btudebaker ...102% 101% 102 102% 8 tew art A W. 00% 95% 95% Timken ... 39 % ..... 39 39 Miilys Over... 13% 13 13 12% Oils— Cal. Petrol.. 27 20% 20% 26 % Cosden .... 37% 37% 37% 35% Mar,and Oil.. 40 38% 40 39 P-Aiu Pete.. 52% 51% 52% 60% P-Am P IB) 51% 40% 51 40% Pro. A Ref.. 42 41% 42 41% Pure 0i1... 3414 24% " 24% 24 8 Oil of Cal 05% 05% 05% 05% 8. Oil of N. J. 41% 41% 41% 41% Sinclair .... 24 s 23% 24% 23% Texas Cos 44% 44 44% 43 % Industrials— Allied Chem. 72% 70% 73 70 Ad Rumely... 10,% .... 10% 10% Am Can 11 f 110% 111% 110 Am Woolen.. 76 75% 76 75% Comp. A Tab. 90% .... 06% 96% Cont. Can... 50% 56% 50% 55% Davison Chem 64% . 03% 64% Pam. Players 07 64% 04% 66% Gen. Asphalt 44% 44% 44 % 44% May Stores.. 95 04 05 93% Nat Lead... 140% 140 140% 148 i: S. C. 1. P. 76 % ... 72 % 76 % U. S. In. Al.. 77 75% 72% 7J-. Utilities— Am. T. &T. 128% 128% 128% Con. Gas . . . 05% 05% 05 % 05 Columbia G.. 35% 35% 85% 35% Shipping— Am Xnt Corp 24 ..J. 23 23% In M M pfd . 31% .... 80% 30% United Fruit 190 180% 188% Foods— \ Am Sugar... 56% 65% 56% 57 Corn Prod. 181% 176% 181%' 178% C C. Sg pfd.. 08% 00% 68 66% C-Am. Sugar 36% 35 % 80% 35 % Punta Alegre 00 % 50 % 60 59 % Tobacco*— Am Tob 149% .... 140% 150 Tob P. <B).. 08% 07% 07% 67% Produce Markets I--INDIANAPOLIS. Jan 25—Fresh eggs, loss off. 38c; paeking stock butter. 27e; springs, over 2 lbs.. 20c; fowls. 4% lbs. up. 22c: fowls unuer 4 % ibs., 10c: Leghorn poultry 25 per Cent discount; cocks. 12c: stags, 15c: capons, 7 lbs. up. 26c; young tom turkeys 12 lbs. up. 27c: young hen turkeys. 8 lbs. up, 27c; old tom turkeys. 20c; ducks. 4 ibe.. 21c: geese. 10 !b*. up. 16c; squabs. 11 lbs. to the do*. $5; old guinea*, do* $5. Indianapo'is creameries are paying 50c per lb. for butterfat CHICAGO. Jan. 25. —Butter —Receipts, 6.695: creamery extra. 51 %e; standards. 51 %c: firsts, 48'-4t49%c: seconds. 4041 47c. Eggs—Receipts 6.970; ordinary firsts. 37® 39c: firsts, 41 ta t:% c. CheeseTwins. 23%c: young America* 24% ® 25c. Poultry—Receipts none, fowls 10® 23c ducks 23c; geese. 17c; turkeys. 20c: springs 21e: roosters, 150. Potatoes —Receipts, 183 cars: Wisconsin round whites. 81.2581.60: Minnesota round whites, $1.25 81.35.

CLEVELAND. Jan. 25.—Butter—Extra in tuha. 54% 850 %e: extra firsts. 53% 8 55 %e firsts 51 % fit 53 He; packing stock, 27 8 29c; taudard.' 52%'d54%e prints, lc extra a pound. Egg*—Fresh gathered northern extras. 47c: extra firsts. 46c; Ohio firsts 42® 44c western first 43c; refrigerated extra. 20e:erated firsts. 27c. Poultry —Live fat fowls, 22 2sc: springers. 22 4* 34c; Leghorns. 10® 17c old roosters. 14® 15c: pee*e, 17c: heavy white duck*. 25® 27c: light colored ducks, 208 22c: medhim fowls 19 4123''; turkeys. 28c. Potatoes— Michigan round white $2 ’ < 7 40: Ohio. $2 50 <a 2.60; Minnesota whites $1.35® 150: New York. $2 25 4*2 50. all In 150pound bags NEW YORK Jan. 25—Flour—Dull but firm Pork—Quiet; mess. $24 75 Lard— Qutet mid-west spot, ft 2 65 Q 12.75. Sugar —Raw. firm. 0.65 c; refined firm: granulated. 8.254*8.00i' Coffee—Rio spot 10fcc. Santos No. 1. 15%4i1H%0. Tallow—Easier: special to extra. 8418%c. Hay—Weak: No. 1. $1.4501.60; No. 3. $1250130, clover hay, $120% 1.40. Dressed pou’try—Dull: turkeys. 25®40e; chickens, 19Hi 48<-; fowls, 104i330 cations 28'<i450: ducks. 20030 c. Live pou’try—Unsettled: geese, 22®25e: ducks. 15® 34c; fowls, 23@ 29c: turkeys. 28 4* 32c: roosters 16c; chickens. 230 32c: broilers 35 'a 40c; capons. 254; 32c. Cheese —Quiet: State whole mi'k. common to epedal. 164*27c; State skim*, choice to spn•ial*. 164* 10c; lower grades. 54* 14c. Butter—Firm; receipts. 0.0 SO: creamery extra, 57c: special market. 52 % 4 1 53c: Stale dairy, tubs, 40® 51 %<<: Danish. 51052 c: Argentine 41 4*47 %c; Canadian. 40 4* 40c. Eggs —Steady: receipts. 11.424: nearby whites, fancy, 564* 56c; nearby Suite white, 44 c 54c; fresh firsts to extras, 42% 0 50c: Paoifie oiact. 32 4£ 57 % e w estern whites 44 4* 54c: nearby borwns, 52e. - Business News NEW YORK Jan. 25—Officials of large ruober ompanies wou'd neither confirm nor d-ny report* in circulation *o the effect th-’t a large American corporation of 826.000.000 capital had negotiated the purchase of two iarge Dutch rubber •■ompanies, the Batavia and the General Plantation Trust Companies. The American syndicate, according to advices from London has pur ■hased practical'y 320 000 shares of these ••oncerns, each share having a par value of *5. The name of the American syndicate was not given. NEW YORK—In its annual statistical re view- of the automotive industry, the B. F Goodrich Rubber Company how a total registration for 1023 of 15,221.183 cars and trucks in this country This is an Increase of 2 930,738. or 23 0 per cent, over 1922. when the total wa* 12.281 145. Nearly 90 per cent of all the worlds motor vehicles are in the United States. Indianapolis Stocks Jin Bid. Aik. Am Central Life 200 ... Am Creosotlng Cos pfd 97% ... Advance Rumely com 9% .... Advance Rumely pid 30 ... Belt R R com * 73 77 Belt R R pfd 52 % ... Century Rklg Cos pfd 08 % ... Citle* Service Cos com 151 154 cities Service Cos pfd 09 71% Citizens Gas Cos coni 20 31 Citizens Gas Cos pfd 101 104 Indiana Hotel com 100 ... Indiana Hotel pfd 100 ... Ind Nat Life Cos 8 Indiana Pipe Line Cos ... 00 04 Indiana Title Guaranty Cos ... 80 ... Indianapolis Abattoir pfd 40 Indianapolis tins a ... 51 54 Indpls & Northwestern pfd.. 34 ... Indpls A- Southwestern pfd.. .. 45 Indpls Street Railway 45 54 Indpls Tel Cos com 1 ... Indpls Tel Cos pfd . 90 Mr Pub Util Cos pfd 82 Nat Mot Car Cos 2 Pub Savings Ins Cos Vs ... Ranh Fertilizer pfd 40 u, Standard Oil Cos of Ind 00 ... Sterling Fire Ins Cos 10% ... T H I & K com 2 6 T H I & E pfd 10 20 T H T and L Cos pfd 81 Union Trac of Ind com 1 4 T’nion Trac of Ind Ist pfd.. .. 25 Union Trac of Ind 2d pfd... 3 7 Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Vandalla Coal Cos com 3 7 Vandalia Coal Cos pfd 7 13 ’•Vabash Ry Cos com 12 ... VVabagh Ry Cos pfd 38 ... Honda Belt R R & S Y 4s, May. 1930 81 Broad Ripple ss. July. 1023. .. 04 Cent Ind Gas 5, Sept. 1931. .. ... C Ind Pow Cos 6s. July. 1047 80 ... Citizens Gas ss. July, 1048.. 85% 87 Citizens Gas 7s 101 104 Citizens St R ss. May, 1023. 80 82 Ind Coke & G os. Apr., 1048 89 91% Ind Hotel ss. July. 1031 02% 97% Ind Hotel Cos 2d 6s, drawable 99 % ... Ind Northern 5a 30 ... Ind Ry & I.t ss. Jan 1943.. .00 Ind Serv Cor Hs, Jnn.. 1950. .. ... Ind Un Trac os, July, 1930. .36 ... Jndp’s Ab Cos 7%5. Sept.. 1031 99 102 Indp’s Col &So os, Feb . 1048 00 V* 100 Indpls Gas ss. Oft., 1952.. . . 84 85% Indpls L A H ss. April, 1940 90 97 Indp's & Mart ss. Jail.. 1032 56 ... Indpls Noith ss. July. 1932. 47 50 Indp's Northwestern 44 47% Indpls & S E ss, Jan.. 1023. .. 35 Indpls A S E 5, Jan. 1932. 45 Indp's 9t Ry 4s. Jan . 1936.. 03% 05 Indp's T and T ss. Jan., 1933 87 90 Indp’s Un Ry 4 %?, Jan., 1906 95 Indp's Un Ry 5s 04 % ... Indus Wa 5% s, March. 1953 05 % 98% Indp’s Wa 4%5. Tan.. 1040.. 88 90 Inter Pub Serv 6s. Apr., 1943 88 92 T H I & E ss. April. 1945. . 64 69 T II I & L ss, May, 1041. . 83 Union Traction Cos tie 64 69 Sales $lO/100 Indpls Lt and Ht 90 10 fit ares Indpls St Ry 60 Sli.ooo Third Liberty 4%s ~.sloo Raw Sugar Market By United Financial NEW YORK. Jan. 25.—The raw sugar market opened steady: February. 4.70 c bid: March. 4.834i 4.85 c; May. 4.90<34.82c: July. 4.04 4*4 05c.

THE INDIANAPOLIS TIMES

HOG PIES DROP ANOTHER NICKEL Activity of Shippers Prevents; Further Decline, Hog Prices Day by Day Jan. 250-300 lbs. 200-225 ibs. 150-180 Ibs. 19 7.25 7.20 4* 7.25 7.20 21. 7.45® 7.50 745 7.40® 7.45 22. 7.60 7.50 7.4r><di 7.00 23. 7 50® 7.55 7.50 7.60 _ 24 7.45® 7.50 7.45 ’ 7.40® 7.46 25. 7.40 7.40 7.40 Another nickel decline In the price of hogs occurred in trading at the local livestock market today as the result of continued heavy marketing locally and depressing news from other centers. Only the activity of shippers prevented a greater loss. Buying of i ail weights and classes was done at j one price, $7.40, which was 5 cents ! lower than Thursday’s bulk price, a I dime lower than the top and steady j with a few late sales. Sows were ! generally 15 cents lower, selling down I from $6.35, though rarely higher than I $6.36, while pigs were weak to lower {at *6.75 down. Receipts again touched 12,000, inclusive of Thursday's carryover of 597. Local killers joined in the early market activity, taking about 3,000 head in the opening round of trading. Shipping orders were fairly •Well distributed and were of normal proportion, but receipts proved too iarge to necessitate any upblddlng of values. The cattle market presented a some-

what more Improved aspect, despite the fact that prime offerings were almost totally absent. The common and in-between grades received more attention from the large buyers, indicating a little stronger demand from the trade. Receipts were normal at 700 head and a better clearance was effected. A slightly weaker feeling prevailed In the calf market and fewer veals brought the top of sls, though the bulk continued to command sl4 to $14.50. Receipts of 700 proved slightly larger than the trade demanded. Scarcely sufficient sheep to test values were in the yards and a nominally steady market followed. Receipts, 50. —n u*> —• Choice light* . 7 40 Light mixed 7 40 Medium mixed 7 40 Heavyweights 7.40 Top 7.40 Bulk of side* 740 Pigs 0.25 0 0.75 Packing sows 6.000 0.30 —tattle— Few choice steer* $10.00011.00 Prime corn-fed steer*. 1,000 to 1 800 lb* 9.00® 9.50 Good to choice steers, 1.000 to 1.100 lbs 850 0 9.00 Good to choice steers, 1,000 to 1,200 lbs 7.50 0 800 Good to choice steers. 1.000 to 1,700 tbs 0 500 7.60 Common to medium steer*. 800 to 1.000 lb* 500 0 700 —Cows and Heifers— Good to light heifers $ 0 e in on Good heavyweights ........ 7.250 900 Medium heifers <• Common cow* 3 00 4* H.OO Fair cows 0 000 7.50 Cuiter 2 75® 3.25 Canner* 2.25 0 3.75 -—BullaFancy butcher bulls $ 5 00® 6 00 Good to choice butcher bull*. 5.00® 5.50 Bologna bull* 4.25<3 4.75 —Cal res— Choice reals sl3 00 015.00 Good re.als . 13.00 013 00 Lightweight real* 10 00 4f 12.00 Common veals ............ 800 *1: 10 00 Comon heavies o.oo® 7.00 Top 15 00 —bib rep and lamb* Extra choice lambs SIOOOO 13.00 Heavy lambs 8.00 010.00 Cull lambs 6 000 7.00 G<>d to choice *w* 4 oo@ 7.00 Culls 2 OOtf 3.00

Other Livestock CHICAGO. Jsri 25. Cattle—Receipts. 5,000: market bwl steia-s ami fat she stock fairy active, strong, spots 10c to 15c up; most fed steers, $7.6090: few $9.50; choice kinds absent; bologna bud*. $4.06@6: veal calve*. $11.50® 12. to packers: outsider* paying up to sl3 and above; stockers and feeders slow. Sheep—Receipts, 11,000; market active; fat lambs strong 15c up; sheep strong: feeding lambs steady. bulk fat wooled lambs, early, $13.60® 13 75: some held higher; ohoico handyweiglit wethers. $0 50: odd lots fat ewes. s7® 7.75: good and choice feeding lambs. $12.90® 13.15 Hogs—K* o-ipts. 50,000; market steady to strong at yesterday's average; top, $7.30; buk s7® 7.25; heavyweight. $7.15® 7 30; medium weight $7.10@ 7. 30, light weight. $6.80917.20; light lights. $6 9 7.10; "heavy packing sows. $0.66® 0.80; pocktng sows, rough, $04006.135; killing pigs. $4.50® 6.25. CINCINNATI, Jan 26.—Cattle —Receipts 600; market slow. weak, shippers. $7.60® 9 60. Calves—Choice, 50c higher: medium and common, weak to lower; extras, sl2® 14.60. Hogs—Receipts, 4.000: market steady; good to choice packers. $7.75. Sheep—Rc'-dpts 150; market steady; ex tras. $480@6 Lambs—Market steady, lair to good, $13.50(314. HAST ST. LOUIS, Jan. 26.—Cattl<v~-Rs-ceipts, 700; no early sales on beef atcers; native beof steers. $9.75 up: yearlings and heifers, $8,75 up; rows. $4®5.25; canners ami cutters, $203.25: calves {l3® 13.25; stockcrs and feeders dull. Hogs—Receipts. 17,000; market steady to 6c lower; heavy. $7.10® 7.30; medium. $7.06® 730 lights. $0 50® 7.25; light lights $5 85®. 7 15: paeking sows. $6 10(3 6.60; pigs. $5 6006.25; bulk. $7 0 7.30. Sheep—Receipts. 500; market steady to strong, ewes, ss®. 8; r antler* and cutters $1.50@0; wool lambs, $11.75® 13.75. EAST BUFFALO, Jan 25.—Cattle—Receipts 500; market, slow and steady: shipping steers. $9.50010.75 butcher grade, sß® 9.50; cows. $206.50. Calves—Receipts. 1.000; market, active to $1 higher: culls to choice. s4® 10. Sheep and lambs— Receipts. 10,400: market, lambs slow, sheep active steady: choice lambs. sl3® 14 culls to choice $8.50 0 12.50; yearlngs $8012; sheep s3® 9.65. Hog*—Receiiita. 7.200; market, slow, steady to shade lower York ers. $7®7.85: pig#. $8.75® <■ > and 7 @7 85: heavies, $7.7007.75; roughs, s6® 6.25; stacs. $3.•0 0 4.50. KANSAS CITY, Jan 25.—Cattle—Re ceipts, 1.600; calves. 300; killing prices around steady; few sales of short-fed steers, [email protected]; bulls and calves steady: stoekirs and feedrrs dull Hogs—Receipts. 7,000; little doing; a few 240-lb. butchers to shippers at $7.05, or steady; $7 bid by packers on choice Sheep—Receipts, 1,000; direct to packer*: no sheep or woof lambs offered; clipped lambs around steady at $10.75. PITTSBURGH, Jan. 25.—Cattle—Receipts light; . market steady: choice, $9 65010; good. $8.6009.26: fair, [email protected]; veal calves, $14.50016. Sheep and lambs —Receelpta light; market steady prime wether*, $8.7500: good, [email protected]; fair mixed, so@7: Irmbs, $lOOl4. Hogs-—Receipts, 30 double deck*; market steady: prime heavy, $7.8508; mediubs, $7.86@8: havy Yorkers. $7.850 8; light Yorkers, $6.76® 7; pigs. $6 50 06.75; rougha, $6 @6.66; slags, $3 0 3.50. CLEVELAND. Jan. 25.—Hogs—Receipts. 4,000; market 6e slower: Yorkers, $7.00; mixed. $7.60 mediuni $7.00; pigs. $6.75; roughs, $6; stags, $4.50. Cattle —Receipts. 500; market 25c lower. Sheep and lambs —Receipts, 1.000; market 26c lower; top. $13.76. Calves—Receipts. 400; market slow; top. sls. Tank Wagon Prieos (Gaso'ine prices quoted tc do not include State tax of 2c a gallon.) GASOLINE—Eoergce. 20c a gallon: Purol, 16.2 c: Red Crown, 16.2 c; Target. 16.2 c; Silver Flash, 20c; Standolind aviation, 19.08 c. KEROSENE—Crystallne, 11.7 c: Moore Light. 14.65 c; Perfection, 10.7 c. NAPTHA—Lion Power cleaners, 25.01 c; V M. & P., 2G.10. Standolind cleaners, 20.010. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift & Cos.: Ribs—No. 2,30 o; No. 1. 17c. Loins—No. 2. 25c; No. 3, 18a Rounds— No. 2,20 c; No. 3,15 c. Chucks—No. 2, 18c: No. 3,10 c Plates—No. 2,8 c: No. S, 7c.

Mine Resolution Committee Manages to Keep Busy

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OVATION IS GiVEN IN THIRTY-FOURTH BIRTHDAY OF UNION Miners Cheer Founders and Heads of U. M. W, A. in • Commemoration Vote. Almost 2,000 delegates of the United Mine Workers of America stood in Tom!ins<% Hall today giving rousing cheers for founders of the organization and John L. Lewis, president—lt was the U. M W. A.’s thirty-fourth birthday. The standing vote of commemoration was taken on motion of Robert Marshall, Glouster, Ohio. A few veterans, delegates to the first convention, Columbus, Ohio, in 1850 are delegates in the present convention. “There was no freedom for the miners, no independence, no right to belong to any organization, in those days,” said Secretary William Green today. Old Timers Pre.sent Others attending the first meeting wore John Mcßride. Patrick Mcßryde, Daniel McLaughlin, and P. H. Penna, now commissioner of coal operators. The first big accomplishment of the U. M. W. A. was securing the eighthour day without strike in 1898. The second memorial event was obtaining the universal mine run system, by which miners are paid for all coal actually taken from the mines. Secretary Green predicted that a six-hour day would be obtained for miners. “There are many here who can re member when meetings of unions were held in secret, and membership was kept secret as well,” he said. "Every law concerning mines is due to efforts of the U. M. W. A.,’’ said O. W. Savage. Columbus, O Savage also attended the first meeting in Columbus "Young Blood” Warned T I "Uncle Tob” Roberts, Brazil, vice president of district No 11, Indiana. the Indiana delegate to the first Convention, recalled the early days of mining, when the worker received ninety cent sa day Former President John B. White and member of the joint board of arbitration in district No. 19. warned against radical tendencies In the organization and advised the "young bloods” to seek advice of these veterans "The little group that met in Columbus. Ohio, thirty four years ago, huilded better than they knew.” said President Lewis. "Our union has justified Itself before the bar of public opinion."

FAIR REPEAL OF SEDITION LAWS (Continued From Pace 1) the Kansas miners, appeared to demand reinstatement in the union He will not be permitted to appear on the floor of the convention. Lewis will oppose Howat’s reinstatement to the last ditch. It was at his orders that Howat was expelled two years apo for failure to obey Instructions from the International executive committee. “Only Justice," Friends Say The administration forces, wTiich have won easily in every Important question before the convention, maintain that Howat will not have even the Kansas delegation solidly behind him. "Howat comes to demand nothing: but Justice." friends declared. "He will for the right to explain his case. That rlfrht has not been denied other expelled miners. “He helped build up the union out In Kansas In the early days when It was a hard fight. He has been waiting twenty-nine years to get a square deal. We expect him to get It now. He was expelled without any charges being presented against him, and without ever being brought to trial” Howat was one of two big leaders who have challenged the power of Lewis since he assumed the presidency. Frank Farrington of Illinois, the other, today is at the head of the important scales committee and In accord with the Lewis policies. Howat charges Lewis has borne a grudge against him ever since Lewis ran for the presidencj of the American Federation of Labor, and Howat swung a number of miner votes and helped defeat him. Lewis men maintain personalities did not enter into the removal of Howat. The Howat case was presented to the convention two years ago and the expulsion was approved. Howal said the vote was "railroaded through.” The actual vote on the Howat reso lution may not come for several days Lewis Wins Again Lewis remained still in power today, after one of the bitterest sac-

The convention of the United Mine Workers of America today is considering the recommendations of the resolutions committee on more than 700 resolutions, submitted by the local unions and individual miners. The committee: Thomas Kennedy. chairman, District No. 7; Perry Tetlow, secretary. District No. 6; Arch Heim, District No. 25; James Morgan, District No. 22; William J. Sneed. District No. 12; Martin J. Fjyzik, District No. 10; C. F. Keeney. District No. 17: Andrew Steele, District No. 25; A. J. Jackson, District No. 12. tional fights of the convention. The’ fight, growing out of a resolution condemning Lewis, and alleging that he "deliberately gave up the checkoff In the conference with anthracite operators" In 1923, ended in what was considered a vote of confidence In the president. • Lewis handed the gavel to Vice President Philip Murray. Alleged radicals hotly denounced "high handed” methods employed by Lewis in conducting business of the mine workers. The checkoff is regarded by miners a> one of, their strongest assets. Rlnaldo Cappelini, Scranton, Pa., president of district No. 1. declared factions attacking the president were hired by capitalists. Resolutions adopted late Thursday urged the executive board to continue efforts to restrict immigration to the minimum, especially Asiatic and Mexican immigration; urged the international executive board to cooperate with the American Federation of Labor and State committees In con ducting schools for workers and urged miners to use only union-made tools, powder, fuses and clothing. A fight over a resolution Introduced in the closing minutes Thursday, demanding that Duncan McDonald, editor of a “labor paper,” keep hands off affairs of the Illinois district, was expected today. Strength of McDonald was shown In the Lewis fight. Resolution adopted Thursday declared that "abolition of war can be brought nearer by constant agitation among the people of all nations to compel their respective governments to Join in a concert of nations in behalf of disarmament.” The resolution adopted after a heated discussion was a substitute resolution introduced by the resolutions cbmmlttee to cover several submitted. The adjusted compensation bill for ex soldiers was indorsed. Marriage Licenses Kunrirth Patrick V* ' 1 ° Me fturty: H Viler 18 210 E. MtCarty T C Hewitt 4i> 71 VN Oiivcr; Mane liarlan. .‘J2 12L’4 Park. V O Pati’bett 17 11'V? N Mt§.ouri; Ethf'! Hond 18 714 N Sr-natc. CharNy CoVqultte. ‘2l O.Y> W. Waahin*ton Nancy Eihwrds 20 Marion County,

D oaths Louis Mv~r 56 2 160 College, meningitis. Flo-il Cannon Coral. 46 2911 Broadway, chronic myocarditis. Harry Rhodes. 56 1118 Fayette, mitral insufficiency. Mike George Broker, 40. city hospital. peritonitis. Nicholas Steffen 87, 3307 College, cerebral hemorrhage. Frederick Ellison Barlow. 42. 3325 Graceland asphyxiation. Clyde Scott 12. Methodist Hospital, tubercular meningitis. Foster Eaton Robertson. 51. 5226 E. St. Clari. apoplexy. Births Osiar and Alpha Moore, 947 S. Alabama. Elbert and Helen Epps. 2102 Schrlver. Frank and Halt leM Graw. 608 E. North. Jacob and Pearl Benham. 2910 Hoyt. Henry and Anna Goebel. 3350 Robson. Benjamin and Florence Compton. 3038 Station. Harry and Alla Dial. 725 N. Kinx. Harlan and Fern Reno. 2349 Stuart. .eFrenk and Corona Stlllabner. 448 Berwick . Thomas and Helen Biggs. 718 S. West. Thomas and Essie Tinsley city hospital Alvah and Anna Lunsford < wi'Vt, Connell and Lillian Morris, 2361 Adams, (toys Harvey and Alice Glueseokamp, Methodist Hospital. Cl a r nc*. and Margaret Latimer. 229 N. Pershing. James and Elizabeth Coffin. 1010 St. Paul. Lavan and Jet Johnson. Clark Blakeslee Hospital. Forrest and Mabel Guyant. Clark Blakeslee Hospital. Char - nd Elisabeth McCormick. Methodist Hospital. Edward and Rose Lull. 1351 BeJlefontalne. John and Florence Ditehler. 837 Church William and Blanch Rueliton. 1656 Bellefont nine. Nicholas and A H *lna Werner. 1423 McClain. Jess- and Alice White. 3905 Katrine Are. Fred and Amelia Hearer. 646 W. Jefferson. James and Nina Johnson. 730 Drake. Salvator and Congetta Blassia. 604 Stevens. Leslie and Lola Oadwell, 523 Coffey. Tv ins Arthur and K : .-tooth Rlgney, 1015 Rueltel, girl and boy Building Permits ISethard Wall Paper Company, sign. 415 Massachusetts S2OO. Elizabeth Randal!, repairs. 4907 College. $630. Philip Cabriel, dwelling, 637 W ThirtySecond, $3,000. J A Lynch, dwelling, 2541 E. TwentyFifth. $1,500. O. E Bowman, garage. 41 N. Bolton, $250, Ford Motor Company. shed. 1316 E. Washington. $2,143. Guy Jus its. garage. 901 N. Sherman, S4OO. Alice Norris, double 1118 N. Tremont, $1 600. Columbia Securities Company, remodel, 143 E Ohio. SSOO Walter E Smith, repairs, 5005 University. S3OO. N E Whetstine. reroof, 4314 E. TwentyFirst S2OO. Thiesin.- Veneer Cprnpany, remodel, Harding and Belt. $250 Thins in g Veneer o#wpary. boiler, Harding and Belt. $1 600. H. J. Southern, garage, 4125 E. Tenth. $250. George C. Hubert, addition. 1304 Harlan. S7OO. The Bee Realty Company, dwelling, 3282 Hovey, $2,000. The Bee Realty Company, double. 3278 Hovey. $2,000. R. B'. Newman, double. 250 S. Belmont, $5,000. R F. Newman, furnaes. 250 S. Belmont, S4OO, Crown Laundry Company, garage, 28 S. Christian $2,000. J A. Shaw, dwelling, 724 N. Graham, $4,000. H J. Temple-ton, dwelling, 6230 Park, $4 000. Nancy Bettcher. dwelling, 1935 S. State. $2,000.

INDIANAPOLIS ELECTED HEAD OF RAIL ASSOCIATION Harry Reid Named at Closing Session of Interurban Convention. Harry Reid, 3261 N. Pennsylvania St., president of the Interstate Public Service Company, today was elected president of the Central Electric Railway Association at the closing session of the annual meeting at the Lincoln. Frank R. Coates, president of Community Traction Company, Toledo. 0., was elected first vice president, and G. K. Jeffries, superintendent of the T. H. I. & E. Trac.ion Company, Indianapolis, second vice president. Members of the executive committee: James P. Barnes, Louisville, Ky.: James H. Drew, Mansfield, Ohio; S. YV. Greenland, Ft. Wayne, Ind.; Robert 1. Todd, Indianapolis; A. C Blinn. Akron, Ohio: H. A. Nicholl, Anderson. Ind.; C. N. Wilcoxen, Michigan City. Ind.; W. S. Rodger, Detroit, Mich.: F. IV’. Coen, Sandusky, Ohio; J F Collins, Jackson, Mich.; Myles B. Lambert, E. Pittsburgh. Pa., and Karl A. George, Kokomo. Ind. In an address on “The Future of the Industry from the Viewpoint of an Outsider,” W. L. Taylor, vice president of the Ft. Wayne & Northwestern Railway Company, declared that tlie future of the electric railways and steam railroads was most promising. He declared legislatures wili have to make laws to regulate operation of busses along public highways, especially when they parallel railroads.

SINCLAIR ATTORNEY NOW UNDER FIRE (Continued From P.wte 1) Liberty bonds given him out of the Sinclair treasury. Testimony has been Zevely got 'his to buy a house on Long Island Slipping into the capital shortiv be fore midnight. Fall was examined by his physician. Dr. John Wharton Af.ei the examination Dr Wharton said: “Mr. Fall is suffering from a malady that any moment may take his life. He is a very sick man I hope and feel sure ne will insist upon appearing before the Public Lands Committee on Monday to answer any charges against him.” Fall hobbled into Zevely's house on a sane. His face was shrunken and hollow. “Boys. I'm a very sick man and I have nothing to say,” he told news--paper men as he went in. w’ouid you wish to answer intimations you received an additional SIOO,000 in connection with the leases?" he was asked. “I don't know anything about that,” Fall said. “Some intimations seem to have been given out another SIOO.OOO was loaned you.” “Boys 1 can't say anything now.” Committee Not Satisfied The committee is not satisfied with the testimony of Edward L. Doheny, who Thursday said he had loaned SIOO,OOO to Fall on a personal note, without security in November. 1921. None of the members of the committee would indicate whether they intended to reject or acept Doheny's proposal President Coolidge appoint three experts to determine whether his leases on naval oil reserves Nos. I and 2 in California were lawfully and honestly negotiated. With tears in his eyes at the memory of Fall's hard iuck.” Doheny told the committee the whole transaction was purely a piece of friend ship. He described himself as un it responsible, improvident old prospector, with a big heart, who open handedly told his friend Fall whenever he needed money “come to me." Ho regarded it about as other men would "regard $5 or $lO loan, he said. A little later, Doheny said, he con fldently expected to make $100,000,900 out of the California naval oii reserve leases granted him by Fall Fall Confined to B*>d Fall was confined to bed today by order of his physician, Dr. John Wharton. Dr. Wharton said there was congestion in Fall’s chest and a high fever, due to a freshly contracted cold. Wharton said he hoped Fall would be sufficiently recovered by Monday to appear before the Senate investigating committee. Earl Sinclair, brother of Harry F. Sinclair, today arrived in Washington and asked the Senate investigators to permit him to testify. Harry Sinclair is in Europe and the brother, who is associated with him in the oil business, believes be can explain some of the "mysteries” of Sinclair's financial transactions which have developed in the investigation of the lease' of Teapot Dome.

ANDERSON AND ATTORNEY IN TILT OVER m GIFT Anti - Saloon ‘League Head Volunteers Source of Mysterious Money Packages. '<! United Pm* NEW YORK, Jan. 25.—Mysterious "Mr. King,” who gave William 11. Anderson $25,000 in 1914 because he thought New York’s State Anti-Saloon League superintendent under-paid, also handed Anderson $2,000 in a sealed envelope during a lunch at the Waldorf-Astoria Hotel in New York in the winter of 1913-14, the dry chief testified today at his trial for therd degree forgery. Memory Fails Him Anderson -Thursday testified he had been able to lend the Anti-Saloon League $25,000 because a “John T. King” had given him that sum To- ; day Assistant District Attorney Pecora asked if since leaving the stand Anderson had recalled anything that might enable the prosecution to locate ‘‘King’' but Anderson had not. j The tilt was over Anderson's volunteering the information "King” I invited him to lunch at the Waldorf and handed him a sealed envelope which later proved to contain $2,000. -'Did you know what was in the envelope at the time?” Pecora demanded Anderson said he did not. "Do you mean to say you didn’t know there was money in the envelope?" Judge Tompkins Interrupted. Anderson said he had assumed there was. Spirits Take Tumble j Under biting cross-examination he j introduced yet another mvsterious figure into the $25,000 deal. “How did you spend this $25,000 that you say you got from King?" Pecora asked. “For publicity,” the superintendent replied. Anderson said he dispensed the money through “Henry Mann.” whom he understood to be a “publicity man.” He said he did not know “Mann's ’ address, he had never seen his office, but "Mann" had assured him he was spending the money for publicity.

Produces Affidavit Pecora produced an affidavit made by Anderson at the time of the board meeting which differed from present testimony He fdreed the superintendent to admit he had been “mistaken” as to dates and other matters ”1 told the whole story to Dr Baldwin. however,” Anderson volunteered “He is dead, now, isn’t he?” asked Pecora. leaning forward eagerly “Y-y-y-yes,” Anderson admitted Thirteen thousand dollars was the amount he expended in this way while living in Baltimore, he estimated. No one ever rendered vouchers for montf thus spent, Anderson admitted. The prosecutor asked if “Mann” ever had shown him plates or electros prepared for publicity purposes. No Printer’s Devil. “No,” replied Anderson in a disgusted tone. “I’m no printer’s devil.” “Strike that out,” ordered Justice Tompkins, “particularly that part about the devil.” Anderson said he kept “Mann’s” identify concealed “because it was dangerous in those days (around 1914) to have it known you were connected with the Anti Saloon League.” "Why?” demanded Pecora. "Because the State government was in the hands of the liquor interests, Anderson replied, adding in a louder tone. “And it is today’.” Justice Tompkins sat up angrily. “Strike that out!” he ordered, ad monishing the defendant not to try to lecture in the court room. FUGITIVE IS CAPTURED Girl Who Jumped From Window to Elude Police Caught. John Mullin. inspector of detectives. was notified today of the arrest In Crawfordsville of Miss Catherine Rogers, 20, of 530 W. New York St., wanted here since Jan. 1 on a forgery charge. When police went to the girl's home to arrest her she asked them to wait while she went to the bathroom to put on her shoes. She jumped out of the windo\f twenty feet to the ground, police say. LONG LIFE COMPLETED Mrs. Mary Shoemaker Will Be Buried in Areola, 111. Funeral services of Mrs. Mary Shoemaker. 83, who died Thursday at the residence of her nephew, Harry' J. Kr.oop, 646 Beville Ave., will “be-held at 7 p. m. today at the home. Burial in Areola. 111. Mrs. Shoemaker was born in Ger many and came to America when 27 She spent the greater part of her life in Areola. She was a member of the German Lutheran church. Surv'ving are the nephew; two brothei s, Henry Knoop, Indianapolis, and Rudolf Knoop, Texas, and a sis ter. Mrs. Hannah Schwang, Areola.

Rub-Tex Products, Inc. 7% PREFERRED STOCK The Board of Directors of Rub-Tex Products, Inc., Indianapolis, Ind., have authorized the cash payments on February 15th, 1924, of all accumulated dividends on Preferred Stock of the Company up to and including February Ist, 1924. The books of the Company will be closed for the transfer of Preferred from February Ist, 1924, to February 15th, 1924. SCOTT C. LEGGE T reasurer.

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