Indianapolis Times, Volume 35, Number 225, Indianapolis, Marion County, 1 February 1924 — Page 17

FRIDAY, FEB. 1, 1924

FRESH BUOYANCY JINKS DEALINGS IN STOCK MARKET • Exceedingly Bullish Overnight News Brings Strong Opening, STEEL AT NEW HIGH Market's Freedom From Irregularity Suggests Strong Foundation, The WALL STREET JOURNAL NEW YORK, Feb. I.—Further explanation for the stock market’s current buoyancy came to light in the over-night news set forth a rise in the reserve ratio at the nation’s banking system to the highest levels since tho close of the war and r.n unprecedent volume of railway traffic for this season, in car loading figures for the week ended Jan. 19. This simultaneous improvement in the banking position and the business of the country caused another bullish •nonstration throughout the list in lay’s early dealings. First Hour Fresh forward moves started in various sections in the first hour while the main body of stocks was buoyant around the best levels on the movement. With Steel common in new high ground on the movement at 107%, further substantial gains took place in independents like Gulf States whiclj made anew 1924 high at £7 and Republic at 58%. Asa whole the market was free from irregularities, demonstrating that the current advance was based on a 9olid foundation. Second Hour Stocks continued to act impressively In the late morning, sustained by the steady" buying of industrials of all classes, particularly the steels. Considerable credit for the recent adjustment of Steel coinmon to a market level more commensurate with its intrinsic worth is declared to be due ic. Jesse L. Livermore. Livermore has believed right along there was a good chance of Steel surpassing its previous record high of 126% on the present bull swing and his has encouraged heavy accumulation. Noon Hour

Accumulations was reported in Maxwell “A” during noon dealings on the prospects of dividend restoration by spring. Montgomery Ward’s 32.8 per cent increase in January sales failed lo influence the stock, whose action a large block of stock was absorbed around 26. Selling pressure was almost totally’ absent, as each attempt to force prices lower only’ brought out anew crop of buyers for the offerings. Fourth Hour Trading was relatively quiet in the early afternoon, displaying, however, % definite broadening tendency. Motors appeared to be in anew forward movement in which interests identified tfath Chandler's management sail this stock would take a prominent part. It was felt the first stages of renewal of Chandler’s recovery might result at the expense of the shorts with production and earnings figures providing the basis for higher pi ices later on. Twenty active industrial stocks on Thursday averaged 100.66, up 1.26 per cent. . Twenty active rails averaged 82.09, up .28 per cent. Local Bank Clearings Indianapolis bank clearings Friday were 52.975.000. Bank debits were 50.153.000. New York Money Market By United Financial NEW YORK. Feb. I.—Time money rates. 4% to 4% per cent, depending on maturity. Commercial paper prime names, 4 % per cent: other Foreign Exchange By United Financial NEW YORK, Feb. I.—Foreign exchange opened higher. Sterling, demand, 54.31 % ; cables. $4.32%. Francs, demand. 4.71 %c; calbes. 4.72 c. Lire, demand. 4.37 c: cables, Belgian, demand, 4.17%c: cables, Marks, 4 500.000.000.000 to the dolCzecho. demand. 257%c. cables, zKBe Swiss, demand. 17.37 c; cables. 17.39a Guilders, demand. 37.47 c; cables. 37.50 c. Pesetas, demand. 12.81 c; cables. 12.83 c. Sweden, demand. 20 31; cables. 26.35 c. Norway, demand. 13.34 c; cables. 13.58 c. Denmark, demand, 16.20 c; cables, 16.30 c. CURB MARKET DEALINGS PROVE OF QUIET NATURE Prices Are Strong, However, With Pipe Stocks Leading. Bit Un<trtJ Financial NEW YORK, Feb. 1. —Curb market opened quiet but firm today’, with prices ruling unchanged to fractionally higher. Cumberland ripe, which paid $lO in dividends last year and started disbursement for the current year with a payment of $3 to Feb. 29 stockholders. jumped a point over night to 123. Buckeye Pipe repeated at 72, and General Petroleum went to a fresh high price at" 42%. A few of the industrials moved higher. United States Distributing Corporation at 20%, Kresge Stores to 44% and National Dairy’ Products to 35%. Later the market was Irregular. Standard of Nebraska was off 3 and Eureka Pipe lost 1%. Humble gained %. Chesebrough Manufacturing achieves anew high price at S3O, up 10. Raw Sugar Market Bu United Financial NEW YORK. Fob. I.—The raw sugar aghrket opened higher. March, 5.12(25.13c; 5.19<g5.50c; July, 5.2455.25a In the Cotton Market Bu United Financial NEW YORK. Feb. I.—Cotton market opened steady. March. 33.60 c. up 10. May, 34a off 7; July, 32.70a off 8; October. 28.13 c. up 1. ’ Dressed Beef Prices Wholesale selling prices on dressed beef. Swift & Cos.: Ribs—No. 2. 30o; No. 1,17 e. Loins—No. C, 25c: No. 3. 18a Rounds— No. 3,20 c; No. 3 15a Chucks—No. 2. 18c; No. 8. 10a Plate*—No. 2,8 c; No. 8. 7a

New York Stocks (By Thomson & McKinnon) —Feb. 1—

Railroad*— Prey. High. Low. 12:45. close. Atchison ... 101 % ... 101 % 101 % B & O 58% 55% 58% 68% C& O 74 % ... 74 % 74 C * N W Ry 62% 52% 62% 62% C R I & P. . 25% ... 26% 26 Erie 27% 27% 27% 27 Gt North pfd 68 % ... 68 % 68 % Lehigh Val.. 71% ... 71 70% Mo Pac pfd. 33% ... 33% 33% N Y Central. 104% ... 104% 104% NY NH & H 19% 18% 19% 18% North Pac... 54% 63% 6t% 64% Pennsy 44 % 44 % 44 % 45 % Readii* ....66% ... 66% 66% Southern Ry. 47% ... 47 46% Southern Pac 88% 88% 88% 88% St Paul pfd. . 25% ... 25% 25% St L * SW.. 35% 37% £7% 87 Union Pac .131 ... 131 130% Wabash pfd. 39% ... 39 38% Rubbers— Kelly-Spring. 30% 27% 28% 29% U S Rubber. 39 37% 38% 38% Equipments Amer Loco.. 74% ... 74% 74% Baldw Loco. 125% 124% 126 126% Gen Elec ...215% ... 214 214% Lima Loco.. 66% ... 60% 66% Pullman ...215 124% 125 124 Steels— > , Bethlehem... 61% 69% 60% 69 Crucible 69% 67% 89% 67% Gulf States.. 87% 84% 87 84% R. Iron & S. 58% 57% 68% 67 U. S. Steel.. 107% 106% 107% 107 Vanadium 31% 30% 31% 30% Minings— Int. Nickel.?. 14% 14% 14% Texas G. & S. 63% 63% 63 Coppers— Am. Smelt.... 60 .... 60 59 % Anaconda ... 38 % .... 38 % 88 % Kennecott ..37% 36% 37% 86% Motors— Chandler M.. 64% 63% 63 Gen. Motors.. 16% 15% 16 15% Max. M. (A) 54% ... 53% 68% Max. M. (B) 15% 15% 15%

WHEAT LEADS IN HIGHEROPENING Foreign Labor Conditions Responsible for Upturn, By United Financial CHICAGO, Feb. I.—Grain prices opened higher on the Chicago Board of Trade today’. Wheat was the market leader. Foreign labor conditions were largely responsible for a bullish spirit in the wheat pit at the outset. Fear of a dock workers’ strike in England and prospective labor troubles in the Argentine resulted in a good class of buying and prices after some hesitation, moved rapidly Into higher ground. Corn, after opening at even figures, followed 'the advance of the wheat market and prices quickly struck higher levels. Local buying was generally good despite scattered selling by warehouses. Despite dullness, oats fell in line with wheat and corn and prices advanced fractionally soon after the start. Provisions opened lower with hogs. Chicago Grain Table —Feb. 1— WHEAT — Prev. Open. High. Low. 11 :45 Close. May.. 1.11% 1.11% 1.11% 1.11% 1.11% 1.11% 111% July.. 1.10 1.10% 1.10 110% 1.10% 1.10% 1.10 Sept.. 1.09% 1.10% 1.09% 1.10 109% 1.10 CORN— May.. SO .80% .79% .80% .80 .79% .79% July.. .80% .80% .80 .80% .80% .80% .80% Sept.. .80% .81% .80% .81% .80% OATS— May.. .49% .49% .49% .49% .49% July.. .46% .47 .46% .47 .46% .46% Sept.. .43% .43% .43% .43% .43% CHICAGO. Feb. I.—Primary receipts: Wheat. 729.000 against 989,000; cum, 1.592,000 against 958,000; oats. 662.000 against 742.000 Shipments—Wheat. 470,000 against 45.000: com. 726.000 against 770.000; oats, 670.000 against 562.000. CHICAGO. Feb. I.—Car lot receipts: Wheat, 28; com, 288: oats, 84; rye. 5.

Grain Briefs CHICAGO. Feb. I.—There was (rood buying- in wheat Thursday every time the market showed signs ol weakening but She advances saw a reduction in buying power. Russian shipments lor the week fell off sharply, totaling 300,000 bushels a* compared with 1,880,000 bushel* tho previous week. Cash rom handlers In Missouri and 1111nois declared arrivals are not as high as last year and from a feeding standpoint does not go so far. Illinois farmers claim it takes 10 per cent more com this year to get the same results. Corn receipts are gradually Increasing and some accumulation Is anticipated next week. Momentarily the com market Is hesitating, but It is firmly believed that it will soon resume us upward trend. Late wheat In south central and southeatem Kansas suffered some frost damage, but the crop in general in other sections survived the weahter with little or no damage. FOREIGN ISSUES LEAD EARLY BOND DEALINGS liberties Continue Strong and Rails Fairly Active. By United Financial NEW YORK. Fob. I.—Activity and strength In foreign government bonds tvas a conspicuous feature of today’s forenoon bond market with Serbs, Coats and Slovakian 8s in the lead. These bonds advanced to a high of 74%, up 1 and a gain of 6%. French municipal bonds were all higher at the opening. Mexican issues continued extremely dull. Heaty buying of United States Government bonds continued. United States Treasury 4%s repeated their record high of 100.12. Liberty fourth 4%s established anew high for the year at 99.17. Rails continued active. Seaboard Air Line consolidated 6s reached a new high for the year at 72%. Erie general 4s 55%, anew high for the year. Tractions were dull. surpluTldFl^ocieries 11 Out of 41 Stores Do 75 Per Cent of "Entire Business. NEW YORK. Feb. I.—How easy It is for a manufacturer to waste on distribution cost is shown by the marketing division of tile International Magazine Company, whose recent research has produced the fact that in one New York town eleven out of the ferty-one grocery stores do 75 per cent of the total business. The research shows that by concentrating on the eleven grocers who do 75 per cent of the entire business a food manufacturer can well afford to eliminate a large percentage of his selling effort, and if the same principle is extended to other Industries eventually the cost to tht consumer can be materially decreased.

12:45 Prey. High. Low. p. m. close. Studebaker ..104% 103% 104% Stewart-W. ..95% * 95 95% Timken 40 % .... 40 39 % illyn-Over... 13% .... 13 12% Oils— Cal Petrol... 25% 27% 28 28 Coden 87% 87% 87% Houston Oil.. 74% 73 74% 73 Marland Oil.. 39% .... 39% 89% P-Am Pete. . 60 48 % 49 % 60 % P-A P (B).. 47% 47% 47% 48 Pacific Oil. . 57 % 56 % 67 67 % Pro. & Ref.. . 40% .... 4040% S. Oil of Cal. 67% 66% 67% 67% 8. Oil of N. J. 41 % 41 41% 41% Sinclair 23% §g.% 23 23% Texas Cos. .. 45 % - -"TiT. 45 % 44 % Industrials— Allied Chem. 72% 70% 72% 70% Amer Can .180% 119% 119% 120% Amer Wool.. 72% 72 72% 71% Coca-Cola ..75% ... 75% 75% Com and Tab. 101 % 90% 100% 100% Cont Can . . 67 % 67 % 67 % 67 % Day Chem ...52% 61 61% 62% Fa Play 67% 66 66% 66% Gen Asp .... 42 % .... 42 % 42 % Mont Ward . . 26 .... 25 % 28 Nat Lead ....147 .... 147 147% Sears-Roe ... 96 95% 96 96% ÜBCIP... 74% 71% 73% 71% U S In Alco. 83% 82% 62% 82% Utilities— Am T and T. 128% 128 4 128% Con Gas 65% 65% 65% 65% Col Gas 37% 36% 87 36 Shipping— Am Int Cor.. 25% 25% 25 Inti M M pf.. 34% 33% 34 33% Foods— Am Sugar... 56% .... 66% 56% Am B Sug... 43% 43% 42% Com Prod ..182 182 181% Cuba C Sug pf 66 % 06 % 66 % Cu-Am bug.. 36 35% 35% 35% Punta Ale ... 60% 69% 60% Tobacco*— Am Sum ... 24 .... 24 24 Tob Prod B. . 70% 09% 69 % 69%

Produce Markets INDIANAPOLIS. Feb. I.—Fresh eggs, loss off, 38c; packing stock butter, 27c; springs, over 2 ibs., 20c; fowls, 4 % lbs. up. 22c; fowls under 4% lbs.. 19c; Leghorn poultry, 5 per cent discount; cocks. 12c; stags, 16c: 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 lbs., 21c; geese. 10 lbs. up. 15c; squabs, 11 lbs. to the doz.. $5 50; old guineas, doz., $4.50. Indianapolis creameries are paying 50c per lb. for buterfat. CHICAGO. Feb. I.—Butter Receipts, 8.010; creamery extra, 49 %c: standards. 50c; firsts, 47%®48c; seconds, 40®47a Eggs—Reo-lpta, 6,296; ordinary firsts. 86 0 37c; firsts. 40c. Cheeeo—Twins. 23 %c; young Americans, 24® 24% a Poultry—Receipts none: fowls. 17® 22c: ducks. 24c; geese, 17c; turkeys. 20c; springs, 23c; roosters, 15a Potaoe* —Receipts. 191 cars. Quotations: Wisconsin round whites. $1,20® 1.40; Minnesota*. $1.20® 1.30. CLEVELAND, Feb. 1. —Butter—Extra, in tubs. 54®560: extra firsts. 53® 55c: firsts 51®53c; packing stock, 27®29c; standard] 53® 55c; prirfts lc extra. Eggs—Fresh gathered northern extras, 45c; extra firsts. 43c; Ohio firsts, 40c; western firsts. 30c; refrigerated extras. 290; refrigerated firsts 27. Poultry—Live fat fowls. 25® 26c; springers, 24c; Lughom fowls. 15c; old roosters, 14%®15c; geewe 16® 19c: heavy white ducks, 25 @ 27c: light colored ducks. 22® 23c; medium, 21®230; turkeys. 28c. Potatoes—Michigan round whites, $2.25® 2.40; Ohio, $2.50®2.60; Minnesota whites, branded. $1.36® 1.50; New York, $2.25® 2.75; ail per 150 pounds. NEW YORK, Feb. I.—Flour—Quiet and firm. Pork—lnactive. Mes—-|E4.25® SI 1.60 ® 11.76. Sugar—Raw, firm. 6.Olerefined. quiet: granulated. 8.50® 8.75 c. Coffee—Rio spot. 11 %c; Santos No. 4 16® 18%c. Tallow—Quiet; special to extra, 7% ® 8 %e. Hay—Quiet; No. 1. $14.50® li; No. 3, slld>o®l3.so. breesed poultry—Steady: turkey*. 18®37c; chickens 19® 48c; fowls. 16®32c; capons. 26@45c; ducks, 20® 28c: ducks. Long Island. 21 % ® 29a Live poultry—Steady; geese, 22® 23c: ducks, 15®'34c; fowls. 2-i®2He: turkey, 30® 32c: roostors. 16c chicken* 23® 32c: broliera, 35® 45c. Cheese—Steady: state whole milk, common to special, 10® 27c; state skims, choice to specials 15® 19c: lower grades. 5® 14c. Butter—Steadv; receipts, 8,020; creamery extras. 31c: special market. 61%i®520: state dairy tubs, 40®60%.-. Eggs—Steady receipts. 9 137: nearby whites, fancy. 50® 52c: nearby state whtte. 44®52c; fresh firsts to extras. 40® 47c- Pacific coast. 35®50%c; western whites. 44® 52c; nearby brown*. 49® 50c. Butter—Banish. 50% ® 51c; Argentine, 43® 480.

Indianapolis Stocks —Feb. 1— „ Bid. Ask. Am Central Life 200 ... Am Creosotlug Cos pfd. ...... V7',i ... Advance Rumely com ... Advance Rumely pfd. . ... Belt R R com 73 77 Belt R R pfd 62 '4 ... Century Bldg Cos pfd 08 v£ ... Cities Service Cos com ... Cities Service Cos pfd.,.!....! . . ... Citizens Gas Cos com 20 ... Citizens Gas Cos pfd 101 ... Indiana Hotel com 100 Indiana Hotel pfd 100 . . Ind Nat Life o ! 8 ... Indiana Pipe jine Cos ... Indiana Title Guaranty Cos. . . 80 Indianapolis Abattoir pfd ii> Indianapolis Gas 61 ... Indpls A Northwestern pfd... Si Indpls A Southwestern pfd 45 Indpls Street Railway 47 61 Indpls Tel Cos com 1 Indpls Tel Cos pfd PO Mer Pub Util Cos pf<l 82 Nat Mot Car Cos. . 1 Pub Savings Ins Cos 12 ... Rauh Fertilizer pfd " 49 ... Standard Oil Cos of Ind ... Sterling Fire Ins Cos 16t4 . ’ T H I St E com 2 6 T H I A E pfd... 1... 10 20 T’HT and L Cos pfd 61 Union Trsc of Ind com I B Union Trac of Ind Ist pfd... 6 26 Union Trac of Ind 2d pid... 2 7 Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Vandalia Coal Cos com. . .. . 3 6 Vandalia Coal Cos pfdT 11 Wabash Ry Cos com. 12 ... Wabash By Cos pfd . . . ! 88 . ] 1 Bonds Belt R R A S Y 4s May IP2O. 81 Broad Ripple 6s July 1923 6 4 Cent Ind Gas 5s Sept 1981... 0 Ind Pow Cos 6s July 1047. . . ... Citizens Ga 6s July 1948... 85 V 4 87’4 Citizens Gas 7s. 101 103 Citizens 8t R 5s May 1023. . . 80 82 Ind Coke A G 6s April 1948. 89 92 Ind Hotel 5s July 1931 92 V 4 07 hi Ind Hotel Cos 2d Os drawabia. 99 Vs Ind Northern 6s 80 . . i Ind Ry A Lt 5e Jan 1943.... 90 ... Ind Serv Cor fla Jan 1950 ... Ind Un Trac 6g July 1930. . . 35 ... Indpls Ab Cos 7H s Sept 1931. 99 102 Indpls Col ASo 6s Feb 1948. 96 V 4 100 Indpls Gss 6s Oct 1952 84 86 Indpls L A H 5s April 1940. . . 95% 96 V 4 Indpls A Mart 6s Jan 1932. . . 65 ... Indpls North 5s July 1932... 46 50 Indpls Northwestern 43 V 4 48 Indpls A S E 6s Jan 1923.... . . 35 Indpls A 8 E 6s Jan 1933.!. .. 45 Indpls 8t Ry 4s Jan 1935... 63 65 Indpls T and T 5s Jan 1933. . 87 00 Indpls Un Ry 4’4s Jan 1065. .06 ... Indpls Un Ry 5s 94 hi .... Indpls Water 4H... .. 89 91 plndpls Wa 5V4e Mar 1953. . . 95 *i 97 Inter Pub Serv 6s Apr 1942 . . 87 V 4 93 T H I A E 6s 64 60 T H Tr A L 5s May 1944... 88 Union Traction Cos 6s 64 69 SACKS IS UNDER ARREST St. IA) uis Millionaire Held in Hawkins Case. William Sacks, St. Louis millionaire, under Indictment In Federal Court on charges of using the malls In a scheme to defraud and conspiracy in connection with the affairs of the Hawkins Mortgage Company of Port land, Ind., has been arrested it was announced by Linus P. Meredith, /United States marshal, today. He provided bond of $7,500. Sacks and fifteen others Indicted in the same case are scheduled for arraignment before Judge Albert B. Anderson, Monday. Clashes Reported In Russia Bu Vnitrd Preat HELSINGFORS. Feb. I.—Unconfirmed dispatches from Moscow state unrest In Russia has become Intensified since the death of Nicolai Lenin and sevoral capitals report clashes between clvilianas and the military.

THE INDIANAPOLIS TIMES

HOGS ADVANCE ON LIGHTS RECEIPTS Decrease in Supplies Accompanied by Sharp Upturn, Hog Prices Day by Day Jan. 250-300 lbs. 200-225 lbs. 150-180 lbs. 26. 7.60® 7.65 7.00 7.80 28. 7.45 7.45 7.45 29. 7.35® 7.40 7.35 7.35 80. 7.35® 7.40 7.35 7 30® 7.35 81. 7.35 7.30® 7.35 7.25® 7.30 Feb. 1. 7.55® 7.60 7.50<p 7.55 7.50® 7.55 An unusually sharp decrease In receipts was accompanied- by an equally sharp increase in hog prices in trading at the local livestock market today. Only 7,000 head arrived for market, including Thursday’s carryover of 618, and values went 20 cents higher to a top of $7.60 for a few fancies while the bulk of sales was made from $7.50 to $7.55. Sales at $7.50 and those at $7.65 were about equal in number. Shippers were partly responsible for the upward revision in prices, but local packers entered the market early and took their quota of the receipts, buying largely at $7.65, compared with their hulk purchases at $7.35 on Thursday. Both sows and pigs reflected the increase, each selling a quarter higher, pigs down from $7 and sows down •from $6.50. Receipts in the truck division were almost negligible, the day’s supplies having been drawn from rail and interurban shipments. Practically all the hogs were sold in the opening found of trading. Cattle prices were depressed further despite fairly light receipts of 800 head and the presence of large buyers in the market. Prices on the good and prime stock were around 15 cents lower, while common stock dropped as much as 15 to 25 cents, excepting canners and cutters which were fairly steady. THe week’s steer top was $lO. Continued slackening of Eastern demand for veal caused another half dollar drop In calf prices to a top of ?14.50 while the bulk commanded $13.50 to sl4. Receipts, 600. Quality considered, prices of nativefed lambs at sl3 down were considered steady while sheep were unchanged at $7 down. Receipts, 200. —Hogs—• Choice light* $ 7.50® 7.65 Light mixed —. 7.50® 7.55 Medium mixed 7 55 Heavyweight* 7 55® 7 60 Top 7 60 Hulk of sale* 7 50® 7 53 l*tg* 6.50® 7.00 Backing sows 6.00® 8.50 Cattle— Few choice steer* $10.00211.00 Prime corn-fed steers, 1.000 to 1.800 Jba 9.00® 0.50 Good to choice steers, 1,000 to 1,100 lbs 8,50® 900 Good to choice steers, 1,000 to 1,200 lbs 7.00® 7.50 Go6d to choice steers, 1,000 to 1.700 lbs 6.50® 7.50 Common to medium steers. 800 to 1.000 lb# 6 00® 7 00 —Cows and Heifer#—— Good to light heifers $ 9 00® 10 00 Good heavy weights T 25® 9.00 Medium heifers „„ 0 00® 7 00 Common cows B.oo® 600 Fair cows 0 00® 7.60 Cutters „ 2.75® 3.25 Canners 2.25® 3.75 —Bulls—— Fancy butcher bull* $ 3.00® 6 00 Good to choice butcher bulls. 6.00 t 5.50 Bologna bulls 4.25® 4.7a Choice veals sl3 00 ®l4 50 Good veals 12.00® 14 50 Good veals 12 00® i t no Lightweight veals 10.00® 12 00 Common veals 8 00't lo v Common heavies 6 On ® 700 Top 14.60 —Sheep and Lambs— Extra choice lambs slo.oo® 13 00 Heavy lambs 8.00010.00 Cull iambs 6 00® 7 00 Good to choice ewes 4 00® 700 Culls 2.00® 3.00

Other Livestock CHICAGO, Feb. I.—Cattles—Rocelpt*. 7.000; market, beef steera slow, steady to weak: with Thursday’s decline; killing quality plain: most fed steers. $7.6009.50; some yearlings, $10.50: she stock weak, 25c off; canners. cutters and bulls. 10® 15c off; voalera unevenly lower: mostly sll and below to paokers; few up to sl2 to outsiders Sheep—Receipts, 9.000: market, active, fat lambs strong; sheep and feeding lambs steady: bulk fat wooled lambs, $13.50® 14.16; one deck to city butebors. sl4 40; ?ood fat owes, SS; no choice kinds offered; ew sales feeding lambs up to $13.50 Hogs —Receipts, 47,000: market, steady at Thursdays bet time 5c higher than Thursday: top, $7.15; bulk $6.90 ® 7 10; heavyweight,, s7® 7.15; medium-weight, $6.95® 715 lightweight, $6.60®7.10; light light $5 75 ®7: packing sows, smooth, $6 40® 0.60; packing sows, rough, $6.15®6 40; killing pigs, $4.50®0. CINCINNATI, Feb. I.—Cattle—Receipts. 600: market, slow-r. lower, steady; shippers, $7.60® 9.50. Calves—Market 50c ft $1 lower, weak: extras. $1t.60®11.50. Hogs —Receipts. 4,800: market, 100 higher good to choice packers, $7.75. Sheep—Receipts, 200: market, steady; extras. $4.50® 6 Lambs—Market, steady; fair to good. $13.50 314. EAST BTTTFALO. Jan. I,—Cattle—Receipts. 1,225: market active steady; shipping steers $9.50® 11; butcher grades, $8 ®0 50; cows, $2 @6.50. Calves—Receipts, 1.300; market active. 25c lower; culls to choice, 84® 10. Sheep and lambs —Receipts, 10.200; market active, lambs 2oc lower; yearlings 6()c higher; sheep steady. choice lambs, sl4® 14 25; culls to choice, $8.50® 13.50: yearlings. s9® 13; sheep. $3.60® 10. Hogs—Receipt*. 90'); markett active, steady; Yorkers, $0.50® 7.65; pigs, $6®6.60. mixed, $7.00 ® 7.65; heavies, $760; roughs, [email protected]; stags, $3.50® 4.50. KANSAS CITY. Feb I .—Cattle—Receipts, 700; calves, 100. killing prices generally steady; few load? beef steers, $7.60® 9; beef cows, s4® 6.25; canners and cutters, $2.25 @3.50: choice veals, up to $11.50; practically no Stocker and feeder cattle on sale; trading dull. Hogs—Receipts. 6,000; few sales of lighter weights to shippers, strong; 180@215-lb. average*. $0.05® 6.75. 685 bid on choice weight butchers; packing sows mostly so.lo® 0.20. Sheep— Receipts, 1,000: market slow; no choice lambc offered: all killing prices represented around steady; few medium lambs, $12.50 312.75; shorn wethers, $7.75. EAST ST. LOUIS, Feb. I.—Cattle'—Receipts, 900: market for beef steers nominal: native beef steers, $9.75; yearlings and heifers, $8.76; cows, $405.25; canners and cutters, $3 @ 3.25; calves. $11.60; stockers and feeders dull. Hogs—Receipts, 13,000; market 6c higher heavy, $7.160 7.30; medium. $7.1007.30; lights. $6.5007.25; light lights. $5.00® 7.15: packing sows. [email protected]; Pigs. [email protected]: bulk. $7.10 (87.25. Sheep—Receipts, 1.250; market steady: ewes, [email protected]; canners and cutters. $1.5005; woo! lambs, $12314.25. PITTSBURGH, Feb. I.—Cattle—Receipts, light; market, steady: choice, $9.65® 10: good, $8.6039.25; fair. $607.60; veal calves, $15.50316. Sheen and lambs—Receipts, light: market, steady: prime wethers. $9 25 09.50; good. $8.50®9; fair mixed, $7 38; lambs, $lO @14.25. Hogs—Receipts, 35 double decks; market, lower; prime heavy, $7.7037.75: mediums, $7.7037.75; heavy Yorkers, $7.503 7.75; light Yorkers. $6.50(80.75; pigs, $6 3 6.25; rough, s6® 6.05; stags. $3 3 3.50. CLEVELAND, Feb. I. —Hogs—Receipts, 3.000; market 5c lower; Yorkers. $7.60: mixed, $7.60; medium. $7 00; pics, $O- - $6; stags, $4.60. Cattle—Receipts, 200; market slow, weak, unchanged. Sheep and lambs—Receipts, 800; market slow; top, sl4. Calves —Receipts, 200; market 50c lower; top, sls. Tank Wagon Prices (Gasoline prices quoted do not Include State tax of 2a a gallon.) GASOLINE Energee, 200 a gallon; Purol, 16.2 c; Red Crown, 16.20; Turret, 10.2 o; Silver Flash, 20c; Standolind aviation, 19.08 c. KEROSENE Crystalline, II 7o; Moore Light. 14.65 c: Perfection, 10.7a NAPTHA—Loin Power cleaners, 25.01 c; V. M. A P., 20. lo; Standolind cleaners. 80.01 c.. Cloverseed Market Local dealers are paying slo® 12 a bushel lor cioversaed.

POSSE CAPTURES SLAYER Bodies of Victims Dragged Into Farmhouse and Burned. By United Press FARGO, N. D., Feb. I.—Captured by a posse of twenty-five men after he had shot and killed his wife, her two sisters and his brother-in-law, Theodore Larson, was held in jail at McVille today. Larson said the trouble arose over his 4-year-old daughter. His wife, he said, had left home with the little girl two weeks ago and he sought to return her. After the shootings, Larson dragged the bodies of the four into a farmhouse and set fire to the place. KLAN REPUDIATED IN RESOLUTION AT MINE CONVENTION Member of Order Can Not Belong to Union, Delegates Rule. The Ku-Klux Klan was repudiated by the United Mine Workers of America in convention in Tomlinson Hall, ■when a resolution which would have changed the constitution to allow members of the union to be members of the Klan, was voted down today. Discussion of the Klan resolution was marked by frequent disturbances and shouts of approval and disapproval of speakers on both sides of the question. The entiree report of the scale committee, providing for demands for a four-year contract, the best wage agreement obtainable on a basis of no reduction, and simultaneous expiration of all contracts, was adopetd. A committee of miners will meet ivith a committee of operators at Jacksonville, Fla., Feb. 11, pledg and to obtain the best agreement possible on a basis of no wage reduction. Demands for inclusion of a specific demand for a six hour working day followed presentation of the committee report Thursday afternoon, but the principal part of the report was adopted Intact. While the wage agreement will be made for the central competitive field, which Includes Indiana. Frank Farrington, president of the Illinois miners and chairman of the scale committee, assured delegates the Interests of the outlying districts will be looked after. These districts will be represented on the policy committee.

WEATHERMAN SAYS SON WILL SHINE Mr, Groundhog Due for Another Hibernation, If Old Man Groundhog doesn’t want to be scared to death at the sight of his own shadow when he makes his annual appearance at the entrance to his winter quarters, Feb. 2, it is up to him to procure a pair of heavily smoked glasses. At least that is the prediction made by the ground hog’s only rival, tho United States Weather Bureau. According to J. IL Armington, weather bureau meteorologist, It will be generally fair today and Saturday and there will be sufficient sunshine Saturday to cast big, life size shadows of each and every ground hog in the vicinity. All of which means, according to ancient tradition, at which weather bureau experts laugh, that we will be in for another six weeks of winter.

Marriage Licenses F. M Keywr. Jr.. 26, 1552 E. Tenth; Alda Frentz, 23. 3625 Birchwood. I A Trees, 38 138 W Twelfth: Gold* Cox. 35. R. R. M, bo* 328. Lloyd Jones. 22, 2549 Vi W. Mlchtigan; Lula Howard. 22. 528 N. Cable. Edwairi Garvey. 21. 825 College: Will* Wcleh, 18. 1921 Moore M 9. Wright. 21. 301 9t. Paul; Kathleen Turner, 20. 909 N. Capitol. ’ Births Girls Victor nd Gertrude Schneider. 3417 N. Capitol. OrvlUo and Lillian Haywood, 080 N. Pershing. Theodore and Beatrice Eyster, 737 Livingston. Lee and Thelma Choat. 1206 Spruce. Pattorson and Bessie Clegg. 347 9. 9tate. James and Allio W'ade. 1530 Yandes. Charles and Maud Aveis, 1247 Charles. Joseph and Etoille Graeber. 851 ITospect. Homer and Ellen Hodel, 1146 Doloea. Boys Horace and Anilline Baker, 416 H. Holmes. Edwin and Nellie Potts 2033 Brouee. Alonzo and Dorothy Floyd, 8008 Roosevelt. Oil® and Carrie Grady. 1500 Villa. Volney and Clare Fowler. Methodist Hospital. William and Ireno Hlghbaugh. 2005 Ralston. , Deaths Agnes Do Greet. 90, 1012 W. Thirty-Soo-ond. Intestinal obstruction. Marguerite Goodpoeter, 24, 011 N. Jefferson. pulmonary tuberculosis. Sarah Corah. 75. Central Indiana Hospital, hemiplegia. Finns Duncan, 60. 1717 Perkins, cirrhosis df liver. Doris Virginia Stlllabomar, 7 days, 448 Berwick, premature birth. Elizabeth Sneas, 73, 713 Lincoln, ehronlo myocarditis. Mary L. Poore, 77, 4052 Broadway, mitral Insufficiency. Florence Pearl Boyd, 41. 424 9. New Jersey, tuberculosis. Mary Edith McClanahan, 17, 544 N. Rural, pulmonary tuberculosis Harriett N. MoCallistcr. 79, 3834 Byram, arteriosclerosis. Building Permits W, M. F. Pogue, garage. 2857 Manker, s3b(f. Otis Kirkpatrick, double, 2118 Central, $9,000. Oils Kirkpatrick, furnaces, 2118 Central, $350. A. J. Clark, garage, 684 N. New Jersey, $13200. Berry’e Dance Studios, eign, 216 H N. Meridian, S2OO. Charles Owens, garage. 2450 Northwestern SSOO. Rubush A Hunter, repair elevator, 47 S. Meridian, $1,500. Rubnah A Hunter, repair elevator, 47 8. Meridian, S2OO. City hall, repair elevator, Alabama and Ohio, $350. Morris Greenwald. repairs, 1163 S> Capitol. $3,116. f Local Wagon Wheat Indianapolis mills and elevators are paying $1.06 a bushel lor No. 2 red wheat.

FALL DECLARED ABLE Tfl TESTIFY BEFORESENATE Former Secretary of Interior Only 'Highly Nervous,’ Not 111, Physicians Say, By United Press WASHINGTON, Feb. I.—Former Secretary of the Interior Fall is not too ill to prevent him testifying before the Senate committee investigating the naval oil leases. This was the report of three physicians who were named by the Public Lands Committee to determine the exact physical condition of Fall, central figure in the oil scandal. A subpoena was issued immediately by Chairman Lenroot demanding Fall’s appearance tomorrow at 10 a. m. The physicians told the committee in executive session Fall was in a ‘highly nervous state,” but there was no evidence of seriousUlness. Bro Jeer Is Subpoenaed William B. Hibbs, broker, subpoenaed by the Senate Committee, went to the Capitol today to testify. The committee asked Hibbs to appear and give information regarding stock transactions in Sinclair oil stock. Senator La Follette, it was learned today, requested the Public Lands Committee to go into stock transactions in Sinclair Consolidated. La Follette says he has evidence tending to show somebody made large sums out of transactions in that stock in a few months early in 1922 and that many of the orders came from Washington. Senator James Reed’s Injulry of Doheny may bring into the investigation the r.ame of a well-known politician. Reed wants to ask Doheny if he gave this man. who was a.member of the Wilson Administration, any money. John Holland,, private secretary to Senator Walsh, took the stai%J today when the committee met and grave testimony concerning his efforts to locate correspondence in the Interior Department files which led Walsh to declare that he believes the files had been tampered with. Note Is Unsigned

E. L. Doheny, who leased two naval oil reserves from Fall, then took the stand and produced a torn note which ho said he received for the JIOO.OOO he loaned Fall. Th note read: "Note for SIOO,OOO. "November 30, 1921. "On demand after date, I promise to pay E. L. Doheny value received with interest." (Unsigned.) Doheny said he tore the note tip some time ago because he thought if anything happened to him it "would not help Mr. Fall if the note was found.”' ■% Doheny admitted previously employing former Attorney General Gregory, one of the special counsel selected by President Coolidge to secure cancellation of the leases. Lenroot asked If Doheny had made any loan to former Secretary of the Interior Lane. Doheny said he had not. Doheny also said he had employed former Secretary of the Treasury McAdoo to handle some Mexican matters about a year after his retirement from the Wilson Cabinet. "He still represents us,” Doheny said. Quiz Into Oil Deals The Senate Committee will Inquire into reported stock market operations by officials or former officials of the Government In Sinclair and other oil stocks about the making of the leases which Albert B. Fall, former secretary’ of the Interior, and Denby gave Sinclair and Doheny Interests. The House today without debate adopted the resolution directing President Coolidge to begin action for *anceUation of the naval oil leases. The vote was 120 to 4. The relentless attack against Denby continued in the Senate with the Robinson resolution calling upon the President for his dismissal under discussion. While this authorization is going through Congress, Silas H. Strawn, one of the special counsel already named by the President, announced selection of a staff of assistants and promised to Institute proceedings in the courts for cancellation of the leases at the earliest possible moment. The House committee continued to Inquire into the Navy Department’s responsibility of the leases with department experts on the stands. LAW VIOLATION CITED McMurray Advises Insurance Companies of Irregular Methods. Thomas S. McMurray, Jr., State insurance commissioner, in a letter to automobile insurance companies called attention today to the violation of Indiana law by certain fire Insurance companies. The companies, he said, issue policies to automobile finance companies and certificates of lnsuranc for variable amounts to automobile purchasers for the unpaid balance on thslr cars. ‘‘All policies must be issued directly to the owner of the property covered and must carry the usual mortgage clause when such property is mortgaged,” McMurray said. ‘T A PS’ SOUND FOR” 609 Death’s Hand Heavy on Ran Its of O. A. R. in Indiana. The Grand of the Republic In Indiana is rapidly vanishing. During 1923 the ranks of the "boys In blue” were thinned by 609 deaths. CoL Oil R. Stormont, assistant adjutant general, department of Indiana, announced today In completing his annual report. On Jan. 1, 1922, the G. A. R. had 4,869 members. Today there are only 4,124, a total loss of 924, some of whom were transferred or suspended. Only fifty-four veterans were mustered In, sixty-seven transferred to the Indiana department and sixty-three reinstated.

TheWm.H. BLOCK CO.

Tomorrow, Saturday, the Last " Day of Our January Sale of Linens If you have not already anticipated your future linen needs it will certainly be well worth your time to make a trip downtown .Saturday, especially to share in this last day’s selling. —Assortments Are Tremendous! —Savings Are Generous! —First Floor, Northwest.

“DERBY” PLAYING CARDS Limit Two Packs Per J? to Customer Pack XOC —First Floor, South Center.

Camisole Vestees & 79c Os net with rows of tucking and insertion of Val. and Venise lace. Finished with lace edge top and bottom. Net shoulder straps. • —First Floor, South Center.

Reliable Gas Ranges (Lorain Equipped) *6B Ud range can be sup- jj j RELIABLE I I plied with oven on ** I | Our Club Plan of Payment for Your Convenience ■—Fifth Floor.

MB—M

New Silk BLOUSES for Women and Misses Moderately Priced $9.95 <aJL Practical yet attractive \l I are these new over- [ blouses of trico weaves in is fancy floral designs, pon- Fj goes, *erepes and lace and 1 1 / / crepe combinations. Long or short sleeves; embroidered in self or contrasting colors. Many have faggoting around neck and sleeves. White, Black, Budda, Platinum, Champagne, Orange, Mandarian Blue, Etc. Tan Dimity BLOUSES Overblouse and rJb Tuck-In Styles With the approaching springtime one’s need of dainty tub blouses increases—this low price makes it possible to own several. Back or front button styles, all tan or tan trimmed with bright colored braids, brown pipings, or brown feather stitching. MEN’S SHIRTS “Artistic” and Other Good Makes (3 for OOC * 2S °) Pull cut, tailored shirts of printed madras, percales, etc. Mostly neck-band styles. Broken lines and sizes. Sizes ment. * Women’s Artificial Silk Hose , Seconds Pair dtU C From a well-known maker of artificial silk hose. The slight imperfection will be found in the lisle portions. Fully reinforced, semi-fashioned. Cordovan, beige, nude, silver, lavender, red, green, black and white. Sizes 8 y 2 to 10.

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