Indianapolis Times, Volume 35, Number 247, Indianapolis, Marion County, 27 February 1924 — Page 11

WEDNESDAY, FEB. 27, 1924

f RICE MOVEMENTS > IN GENERAL LIST ;• PROVE IRREGULAR -Cast Iron Common Declines in Face of Advance in Prefeired. y iti SOME STOCKS STEADY Virginia-Carolina Chemical Issues Sink to New Low Levels. The WALL STREET JOURNAL v NEW YORK, Feb. 27.—Prices in the stock market were steady in the early dealings today in the face of . further sensational developments in the oil hearing:. Sloss-Sheffield reached anew high on the movement at 65% r.in response to the restoration of dividend payments at the $6 rate, but United States Cast Iron Pipe dropped to 65, off more than 3 points, reflecting the court rujing that the com.pany can pay no dividends on the common stock until the accumulation on the preferred has been liquidated. First Hour Considerable irregularity characterized the price movements through the first -hour. Heavy selling continued in Cast Iron Pipe common in contrast :,With strength in the preferred which moved up 2% to 88. '•> Virginia-Carolina. Chemical issues Bank to new low levels. No statement -teas forthcoming from officials or bankers in regard to the drastic decline suffered in the last few weeks. Second Hour Selling pressure lifted in the late morning following the establishment of new lows In many active issues around 11 a. m. Fractional recoveries .took place in Studebaner, Steel and various other industrial leaders, but : the rally failed to gain any special '■Vigor. Anaconda reached anew low ~<m the present decline at 32% ( and other coppers were heavy, reflecting the announcement that Calumet and Hecla would curtail by operating five days a week instead of six. It is not likely the movement will become V general. Twenty active industrial stocks on Wednesday averaged 96.45. off .71 per cent. Twenty active rails averaged 80.78, off .18 per cent. Local Bank Clearings Indianapolis bank clearings Wednesday ...were §.‘>,556,000; bank debits were $7,134.00. New York Money Market By United Financial NEW YORK. Feb. "7.—Time money dull: rates „ .prime names 4 % per cent; other names 5 per cent. Foreign Exchange By United Financial NEW YORK. Feb. 27.—Foreign exchange opened irregular. Sterling, demand. $4.29 % ; cables, §4 30. Francs. 4.1S Sc: cables. 4.1!?e. Lire, demand. 4.31 c; cables. 4.31 %C. Belgihm. demand, 3.60 %c: cable*. 361 c. Marks, 4.650,000.000.000 to the dollar. Czeoho. demand. 2 90c: cables. 2.00 %c. Swiss, dun md, 17.30 c; cables. 17.32 c. Guilders. demand. 37.29 c: cables. 37.32 c. Pesetas. demand. 12.61 c: cables. 12.63 c. Swede, demand. 26 06c: cables, 20.12 c. Norway, demand. 13.16 c; cables. 13.20 c. Denmark, demand, 15.84 c; cables, 15.86 c. In the Cotton Market By 1 nited Financial NEW YORK Feb. 27.—The cotton mar- ! ket opened higher: March. 29.0.0 c, up 30 points. May. 29.35 c. up 35 pointß: July, 28.53 c. up 18 points: October. 26.15 c, up 22 points. Births Girls Dumitru and Maria Caplea. 536 W Maryland. _ Thurman and Minnie Reed. 1942 Hovey. George and Ada Roberts. 817 S. Missouri. Bell and Lula Jones. 3501 E. Prospect. Ben and Tena Ehrliek, 3015 Washington Norman and Hazel Lipscomb. 1949 Cen- > -<tral. Ivan and Pearl McNew. 2041 Boyd. Charles and Blanch Blndhammer, 1117 N. Belle Vieu PI. Clyde and Clarellen Gibson. 670 River. Richard and Florence Fletemeyer, 39 N. Addison. Clay and Ruth Sparks. Methodist Hospital. Walter and Ruth Yoke, Methodist Hospital. Charles and Margaret MacDougall, Methodist Hospital. Jesse and Katherine Haekell. 2031 School. George and Olga Stomberg, St. Vincent •Hospital. Marvin and Florence Curie, St. Vincent Hospital. * Edwin and Catherine Tierney. St. Vincent Hospital. Clarence and Marie Oldham. St. Vincent’s Hospital. Theodore and Frances Ludwig, St. Vincent's Hospital. Boys \i Edgar and Anna Mobley. 2210 E. Twelfth. Charles and Anna Campbell, Long Hospital. ' Thomas and Laura Coles, 922 Highland. James and Foloye Logsdon, 1040 N. Warman. * Earl and Lola Craig. 3224 W. Pratt. Charles and Volva Calvin. 1918 Koehne. Charles and Lillie Wishmeier, Methodist Hospital. Harlan and Lizzie Vann, 2426 Kenwood. Robert and Ellie Hendrick, 1063 W. Pershing. Lee and Minnie Carter, 907 N. Jefferson. * Adam and Irene Paulos. 223 Douglas. Mike and Linda Pedrotti, St. Vincent’s Hospital. ’ Albert and Elizabeth Moffitt, St. Vincent’s Hospital. Twins Walter and Helen Cusack, St. Vincent’s Hospital, girls. , Deaths Clarence M. Armstrong, 65. 177% S. Illinois. chronic myocarditis. Thomas Hogan, 74, 938 ■ Chadwick, eererbral hemorrhage. Jennie Detteihouser. 50, 500 E. Twenty- . Fifth, carcinoma. Leah R. Wilson, 51. 538 W. New York, carcinoma. • Frances MeQtiiston, 24, 448 N. Rural, pulmonary tuberculosis. William E. Blackwell. 51. 1947 Broadway, pulmonary tuberculosis. Gladys Borene Soots. 20, 622 Lockerbie, acute pulmonary oedema. Robert San ter, 72, 1202 N. Capitol, lobar pneumonia. Etta Mae Dupee, 38. 2352 Caroline, ’obar pneumonia. John Dickerson, 35. 710 Torbet, lobar pneumonia j Infant Ehrlich. 1 day. 3015 Washington , Blvd.. atelectasis. Christina Ki.- !. 73. 2328 E. Washington, "chronic myocarditis. Martha J. Heckman. 61. Methodist Hospital, chronic myocarditis. Myrtle Maud Maple. 50, 2365 Southeastern. chronic myocarditis. Ardenia Dillon. 65. 1526 Chester, acute dilatation of heart. Russell Kirk. 13 days. St. Vincent’s Hos- * pital. cerebral hemorrhage. Stephen E. Brown. 79. 1322 E. Raymond, broncho pneumonia. Lena Foitzenolgel. 65, 1623 S. East, lobar pneumonia. Harriet Maira Patterson. 76. 1320 College.

New York Stocks (By Thomson ft McKinnon) —Feb. 27

Railroads— 12:45 Prev. High. Low. p m. close. Atchison 98 % ... 98 % 96 % B & 0 56% 56 56% 56% C & 0 68% 68 68 % 68 CftNWRy 51 % ... 51 % 52 % Erie 24 % ... 24 >4 24 % Gt North pfd 56% ... 56% 56 14 MoPacpfd.. 34% 33% 34% 34% N Y Central. 140% . . 100% 100% N f.NH ft H 19% 18% 19% 19% Norfolk ft W. 110 >4 108 % 110 109 Pennsylvania. 43% ... 43% 43% Reading 55 % 55 % 55 % 55 % Sou Railway. 48% 47% 48% 48% Sou Pacific. . 88 87% 88 87% St, Paul pfd. 23% 23% 23% 24% Si . L ft S W 38 % 37% 38 38 Wabash pfd.. 44% 42 % 43% 43 Rubbers— Kelly-Sor 25% 24% 26 25% U S Rubber. .36 ... 36 36 % Equipments— Am Loeomo. .74 ... 73% 74 Baldwin L0e.121% 121 121% 121% Gen Eieetrie.2o4 202% 203 204% Lima Loeomo 64% ... 64% 64 7* Westingh El. 61 % 61 % 61 % 61 % Steels— Bethlehem.... 57 % 57 57 % 57 % Crucible .... 62 % .... 63 % 62 % Gulf States.. 82 .... 81 % 81 R. Iron & S. 56% 55 % 56% 56 Sloss-Sheffield 65% 64% 65% 65% V. S. Steel. 102% 101% 102 104 Vanadium ..30 .... 29% 30 Motors— Chandler M.. 59% 58% 59 58 % Gen. Motors. 14% .... 14% 14% Max M (A).. 48% .... 48% 48% Hayes Wheel 45 Vi .... 45 45 % Studebaker ..101% 100% 101% 100% Stewart-W.. . 8S .... 87 % 88 % Timken .... 37% 37% 37% 37% Willys-Over... 11% 11% 11% 11% Minings— Gt Nor Ore.. 28% ... 28% 28% Int Nickel ..12% ... 12% 12%

WHEAT EASY PREY TO BEAR ATTACK Corn, However, Stiffens on Shortage Reports, By United Financial CHICAGO, Feb. 27. —Grains continued in an irregular condition at the opening today. Wheat fell easy prey to bear influences at the outset. Lower Liverpoo’. cables and favorable action in anticipation of the McNary-Haugen grain bill was the ammunition used by lower price advocates. Speculative interest was lifeless, despite private estimates which placed farm reserve nearly 50 per cent smaller than last year. Scarcity of supplies both in Argentine and North American and small demand from Europe brought buying in corn and higher prices. Southwestern reserves are sufficient only to meet demand for the next week or ten days. Oats remained unchanged at the opening. Speculators did nothing. Provisions were lower with hogs and cables. Chicago Grain Table —Feb. 07— WHEAT— Prev. Open. High. Low. 11:45. close. May .1.09% 1.10% 1.09% 1.09% 1.09% 1.09% July .1.09% 1.10% 1.09% 1.10 1.10 1.09 % 1.09 % Sept.. .1.09% 1.10% 109% 101% 1.10% 1.10 CORN— May . .81% .81% .81 SI .81 Vi .81% .81% July . .81% .82 .81% <Bl% .81% 82 Sept. . .81% .82% .81% .81% .81% i 82% OATS— 4 May . .48% .49% .48% .48% .48% July . 46% .46% .46% 46% 46% Sept. . .43% .43% .43% .43% .43% CHICAGO. Feb. 27.—Car lot receipts: Wheat. 27; corn. 247; oats. 81; rye, 6. Grain Briefs CHICAGO. Feb. 27.—Belief exists that wheat will be two sided for the present. The market, some claim, is in a slate of uncertainty as to what Congress will do. Others believe broader interest would stimulate advancing tendencies. A sharp advance in corn is looked for ! soon. Export business Is on the increase and removal of hedges In the May delivery will ultimately cause a tight situation. A large Kansas City com handler said about 40 per cent of the com to be marketed has been moved Receipts in the Southwest dropped materially on account of impassable roads. —r-zzzmuz:— Produce Markets—INDIANA POLIS. Feb. 27.—Fresh eggs. | loss off. 25c; packing stock butter. 27c: I springs, over 2 lbs., 22c; fowls. 4% lbs. i up. 23c; fowls under 4% lbs., 19c: Leghorn | poultry, 5 per cent discount: cocks, 13c: stags. 16c: capons. 8 lbs. up, 28c: young tom turkeys, 12 lbs. up, 24c; young hen turkeys. 8 lbs. up. 24c; old tom turkeys, j 18c; ducks. 4 lbs. UD, 18o; geese. 10 lbs. up. ; 15c; squabs, 11 lbs to the doz.. $5.50; old j guinea*, doz.. $4.50. Indianapolis creameries are paying 52c per lb. for butterfat. NEW YORK. Feb. 27.—Flour—Quiet and steady. Pork—Quiet: mess, $24.25 @ 24.75. Lard—Easy; mid-west spot, [email protected]. i Sugar—Raw firmer. 7.28 c: retired firmer; : granulated. 8 90% 9.15 c Coffee —Rio spot. I 10%c; Santos No. 4. 19%@20%e. Tallow —Dull; special to extra. 7% @Be. Hay— Quiet; No. 1, [email protected]; No. 3, $1.15® i 1.25. Dressed poultry—Steady; turkeys. 15 @3sc; ehickzns. 21®48e; fowls. 17®32e: spons. 28® 48c; ducks. 20® 28c: ducks. Long Island. 26®27c Live poultry—Firmer: geese, 20®21c; ducks. 15@30e: fowls, 28 (J3oc: turkeys, 25®35c: chickens. 20® 350; broilers. 60® 65c. Cheese—Steady: State whole milk, common to special, 16® 26 %c: State skims, choice to specials, 15® 19c; lower grades, 56 14c. Butter—Quiet; receipts, 7,248: creamery extras. 49 %c; spocijl market. 50@50%c: State dairy, tubs. 44 <349c: Danish. 49% 660 c: Argentine. 44 648 c. Eggs—Weaker: receipts, 29.173: nearby white fancy. 39 6 40c: nearby State whites, 32 6 38c; western whites, 32@38e: fresh firsts. 31 % ® 36c: Pacific coast, 30® 38c nearby browns, 37@ 39c. CHICAGO. Feb. 27.—Butter—Receipts. | 8.883 creamery extra. 28 %c; standards, j 48%c; firsts, 47@47%c: seconds. 45%® 46c. Eggs—Receipts. 19.796: ordinary first-. 22 ft 23'-: firsts. 25c. Cheese—Twins, j 21 Vic; Young Americas. 22%c. Poultry— I Fowls. 23 624%c: ducks. 27c: geese. 14e; turkeys. 20c: springs, 26c roosters, 17c. Pot a toes —Receipts. 218 cars Wisconsin round i whites, $1.1561.40: Minnesota and North , Dakota Red River Ohios, $1.35 @1.45: Idaho | Russets, [email protected]. Marriage Licenses Alfred B. Parks. 26. Edgewood, Ind.; Alice Tormholen, 41. 414 E. Walnut. Thomas Sheehan. 34, 1480 Bates; Mary Foley, 27. 1404 Spann. Ralph O. Saffell. 26. 2746 Roosevelt: Annie J. Foley. 2829 Indianapolis. Wilbert L Williams. 25, 368 W. TwentyEighth: Frances Hart. 17. 910 Buchanan. A. J. Mtieler. 27. 921 N. Tremont: Leona Schlar.ger. 19. R R. B. box 93. E. G. Keyes. 30. Plaza Hotel; Flozan Kelley. 26, Plaza Hotel. Earl Davis. 23. 1269 W. Ray; Lillian Hodge. 20. 1130 Oliver. Dressed Beef Prices I Wholsaele selling prioe3 on dressed beef, j Swift ft Cos.: Ribs—No. 9. 30c; No. 1. 17c. Loins —No. 2. 26c; No. $, 18c. Rounds— No. 2. 20c; No. 3, lft Chuck—No. 2, I

High. Low. 12:45. close. Prev. Coppers— Amer Smelt. 59% 58% 59 59% Anaconda ... 33% 32% 33% 33% Kennecott .. 35 % 35 35 % 35 % Oils— Cal Petrol... 24 % 24 % 24 % 25 Cosdon 34 % 34 % 34 % 34 % Houston Oil . 69% ... 69% 71 Marland Oil. 36% 35% 36 Vi 36% Pan-Am Pete 47 Vi 47 47% 4<'% Pan-A Pete B 45% 44%’ 45% 46% Pro and Ref 34 % 33 % 34 % 34 Pure Oil 24% 24 24% 24% St Oil of Cal 62 % ... 62 62 % St Oil of N J 38% .. 38 Vi 38% Sinclair .... 22 21 % 21 % 21 % Texas Cos .. . 42 % 42 % 42 % 42 % Industrials— American C.. 11 110% 111% 111% Am Woolen.. 72% 71 Vi 72Vi 72% Coca-Cola 70 69% 70% 70% Cont Can.... 50 49 % 50 49 % Davison Chem 55 % 54 55 % 53 % Fam Players. 65% . 66% 64% Gen Asphalt. 39 38 % 38 % 39 % Int Harvester 85 ... 84% .*. . Mont Ward.. 26% 26% 20% 26Vi Sears-R buck. 90 ... 90 89 U. S. C. I. P. 66 64 65% 68% U. S. In A1... 74% 74 74% l tUities— Am Tft Tel 128% 128% 128% Con Gas. ... 63 ... 62% 62% Columbia G. 34% 34 34 Vi 34% Shipping— Am Int Cor.. 21% .... 21% 21% In M M pfd 30 % 30 Vi 30 Vi Foods— Am B Sg 40% 4040% 40 Vi Austin Nich. 23 ... 23 23 C. C. Sg. pfd 68% 68 68% 68 % C-Am Sugar 36 .... 35% 66 Punta Alegre 62 61% 62 61% Tobaccos— Tob P (8)..’ 62% 61% 62 61%

VIRGINIA-CAROLINA IS BOND MARKET FEATURE Issue Breaks fifteen Points on Opening Transaction. Bu United Financial NEW YORK. Feb. 27.—A feature of the forennon bond market today was the sharp break in Virginia-Carolina Chemical convertible TL&s with war-; rants which opened at 41, off 15 points from the previous close. This followed j ihe decline of 5% in Tuesday's session I and represented a loss of 32% points from the year’s high. The issue recovered a small part of overnight loss to 43 1 /iThe market generally was moderately active with prices easier. United States Government issues practically were unchanged. In the industrial group. Anaconda 6s sold at 95%, off %. Magna Copper 7s, 1127£, off % and Wilson and Company 7765. 96%, off %. The rails were steady and the tractions somewhat lower. HEAVINESS PREVAILS IN FORENOON CURB TRADING Borne and Scrymser I>oses Ten Points of Recent Gain. Bn United financial NEW YORK, Feb. 27.—Heaviness | prevailing in the previous sc-Mion of the curb market carried forward into j the forenoon session today in the ab ' sence of any incentive to stock values j to improve. The pace of the market j was very slow and the whole move , nient was dull. Borne and Scrymser. in the Standard j Oils, lost Mo points of its recent gain and Gal- iH Hopped 2% points. Prairie, Oil and Gas and Vacuum were just a | bit better. Imperial of Canada was down 1 point. Industrials were mixed with a nar- i low price range. The Radio stocks j were again firm. Radio common I gained % to 4*/2 and Dubiiier went to ! 21%, up 74. United Bakeries dropped | 1 and Ward B %. Announcemnt was made of the list- j ing on a when issued basis of the new common and preferred issues of Radio corporation of America under the plan which will be taken up by stockholders ; some time in May. Indianapolis Stocks —Feb. 27 Bid. Ask. Am Central Life 200 . . Ant Creosoting Cos pfd 97 > ••• Advance Rumely com 9% 10% Advance Rumely pfd 34 % 36 % Bolt R R com 74 ... Belt R R pfd 2% ••• Century Bldg Cos pfd 98% ... Cities Service Cos com ••• Cities Service Cos pfd • ••• Citizens Gas Cos cun 29 31 % Citizens Gas Cos pfd 100 ... Indiana Hotel com 100 ... Indiana Hotel pfd 100 ... Ind Nat Life Cos . • • • • Indiana Pipe Line Cos Indiana Title Guaranty Cos . . 85 ... Indianapolis Abattoir pfd... . • Indianapolis Gas Al 53 Ind pis ft Northwestern pfd... 34 ... Indpls ft Southwestern pfd.. .. 45 Indpls Street Railway 49 59 Indpls Tel Cos com ■ ■ ■ • Indpls Tel Cos pfd -00 .. . Mer Pub Util Cos pfd 8.. ■ Nat Motor Car Cos . ■ 1 Pub Savings Ins Cos 13 “ • • Rauh Fertilizer pfd 49 ... Standard Oil Cos of Ind -■ *•• Sterling Fire Ins Cos 10 ... T H I ft E com 2 5 T H I & E pfd 10 20 T H T and L Cos pfd 8 91 Union Trac of Ind com “ Union Trac of Ind Ist pfd.. .. Union Trac of Ind 2d pfd. . •• ,8 Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Vandalia Coal Cos com 3 6 Vandalia Coal Cos pfd 7 11 ■Wabash Ky Cos com 33% In Wabash Ry Cos pfd 43 44 76 Bond** Bolt R R ft- S Y 4s. May. 1920 80 Broad Ripple ss. July, 1923.. 50 ... Cent Ind Gas ss. Sept., 1931 . . . • • C Ind Pow Cos 6s. July. 1947 Citizens Gas ss. July. 1948. . 87 88 Citizens Gas 7s 101 102% Citizens St R ss, May. 1923. . 78% 81 Ind Coke ft G 6s. April. 1948 90 93 Ind Hotel ss. July. 1931 02% 97% Ind Hotel Cos 2d 6s. draw-ablo 99% ... Ind Northern 5s . • • Ind Ry ft Lt ss, Jan., 1043.. 90 95 Ind Serv Cor f>s, Jan., 1950.. .. ... Inl tin Trac 6s, July. 1930. . . Indpls Ab Cos 7% s. Sept.. 1931 90 102 Indpls Col ft So 6s. Feb.. 1948 96 100 IndDls Gas 6s. Oct.. 1052. ... 85 87 Indpls L ft M 5s April, 1940 95% 96 Indpls ft Mart ss. Jan., 1932. . . 6874 Indpls Northwestern 5s ... . 43 46 Indpls North ss, July, 1932.. 44 47 Indpls ft S E ss. Jan.. 1923. . . . 35 Indpls ft S E 5.5, Jan . 1932. . . . 45 Indpls St Rv 4-;. Jan... 1935 . . 62 63 Ini.iis T and T ss. Tan.. 1933 86 89 Inlnls Union Ry 5%s 04 % ... Indpls Union Ry 4% 9 95 ... Indpls Water 4%s 89 74 90 Indpls Wa 5%5, Mar.. 1953. 96 Inter P.ib Servos. Apr., 1942 89 92% T H I ft E 5s 04 69 T H Tr and I- os. May, 1944 92 Union Traction Cos 6s 58 61 SI,OOO Indpls Street Ry 4s 62 Tank Wagon Prices (Gasoline prices do not include State tax of 2e a gallon.) GASOLINE—Energee. 22c a gallon: Purol, 18.2 c: Red Crown. 18.2 e: Diamond gas. 18.2 c: Crystal Pep. 21c; Target. 18.2 c: Silver Flash. 22c: Standolind aviation, 23c. KEROSENE—Crystaline. 12.7 c a gallon: Moore Light, 15.5 c; Arclite, 12.7 c; Perfection. 12.7 c; Solvent. 33c. NAPTHA—Lion Power Cleaners, 22.6 e a gallon; V. M. ft P., 23.5 e: Standolind Cleaner*. 22.6 c. Local Wagon Wheat t<ndianapo!is mills and elevators are paying $1.05 for No. 2 red wheat; other grades on their merits Cioverseed Market paying sl9® 12 a bushel

THE INDIANAPOLIS TIMES

HOGS FOLLOW UP TUESDAY’S DROP i Heavy Marketing Brings 10 to 20-Cent Decline, Hog Prices Day by Day Feb. 150-300 lbs. 100-225 lbs. 150-180 lbs. 21. 7.35 7.35 7.35 22. 7.20 7.20 7.20 23. 7.25 7.25 7.25 25. 7.50 7.50 7.60 26. 7.40® 7.45 7.40® 7.45 7.40® 7.45 27. 7.25® 7.30 7.25® 7.30 7.25® 7.30 On an extreme decline of 10 to 20. cents, the average cost of most good hogs dropped 15 cents in trading at the local livestock market today with the bulk of sales nearly 20 cents lower than on Tuesday. The decline came as th 6 result of continued heavy marketing locally and at other leading marketing centers. Opening price for good hogs paid by shippers and some local killers was $7.25, compared with $7.40 and $7.45 on Tuesday, but one large local packing interest later took a string of 2,000 head at $7.30, establishing a top that compared with $7.50, Tuesday's best price. The bulk, however, sold at $7 25. The hogs purchased by the packer at $7.30 were only a dime lower than similar kinds bought Tuesday at $7.40, while those bought by shippers and some packers at $7.25 were fully 20 cents lower than similar purchases on previous trading Sows and pig* reflected the decline, pigs selling down from $6.75. though generally at $6.50 and sows tiown from $6.25. Early estimates piaced the day's receipts at 10,000 head, but late Gar arrivals boosted the total to 12,000 or more, including 240 holdovers. A continuation of Tuesday’s decline was a feature of the cattle market, as another large run of 1,500 head, together with common quality of the stock, tended to depress prices further. Large buyers were present but displayed an apathetic disposition in their purchases. A break of 50 cents to $1 in calf prices was the feature of that market, choice veals having sold at sl4 and the bulk from sl3 to $13.50. Receipts, 900. Prices for both sheep and lambs showed a dollar advance on light receipts of sixty head. Lambs sold down from sl6 and sheep down from $9. —Hog*— Choice lights $ 7 26® 7.30 Light mixed 7.25® 7.30 Heavyweights 7.25® 7.30 Top 7.26® 7.30 Bulk of sale 7.25 I’lgs 6.25® 675 Packing bows 5.75@ 0 25 —CattlePrime corn-fed steers 1.000 to 1.800 lbs 9.00® 10.50 Good to eholco Bteers. 1 000 to 1,100 lbs 8 50® POO Good to choice *t*r* 1 000 to 1,200 lbs 7.00® 750 Good to choice steers. 1,000 to 1.700 lbs . 6.60® 7.50 Common to medium steers. 800 to 1,000 lbs 6 00® 7.00 —Cows and Heifer*— Good to light hellers $ 6 00® 9.50 Good heavyweight 7,25 ® 8.00 Medium heifers . . . 600 (it 7.00 Common cows 3 00® 6.00 Fair cows 6 60® 7.26 Cutters . . 2 75® 325 Caniurs 2 25® 3 75 —Bulls— Fancy butcher bulls $ 5.00 4/ 6.00 Good to choice butcher bulls 5 00® 5.50 Bologna bulls 4.25® 4.75 —Calm— Choice veals sl4 00to 15.00 Good veals 12.00 @14.00 Lightweight veals 10 [email protected] Common veals , . 8 00@10 00 Common heavies . .' 6 00@ 7.00 Top 15.00 —filterp and Lambs— Extra choice lambs $1 •’.oo® 15.00 Heavy lambs [email protected] Cull iambs 8.000 8.00 Good to choice ewes 4.00® 8.00 Culls 2.00® 3.00

Other Livestock CHICAGO. Feb 27. —Cattle—Receipt*. 11.000: better grade steers, especially weighty kinds, steady to strong: others and moat other killing classes unevenly steady; top matured steer* and yearlings early, $11; bulk. 87.73® 10: Stockers and feeders active, strong to 1 .>* higher bulk early, $5.50@ 7.25: meaty kind above $8.50. Sheep—Receipts, 13.000; market, fat lambs fairly active. steady: sheep steady: feedings and sheering lambs. 25 0 40c higher desirable fat wooled lambs early. $15.75® 16.15: lop to shippers. $18.25: choice to mediumweight fat ewes, $10: feeding lambs with short killer end. $15.50. Hogs—Receipts. 38.000: market, uneven, mostly 15®20c lower: top. $7.15: bulk. $0 85® 7 10; heavyweight. $7 @7.15; medium-weight, $7 @ 7 10: lightweight. $6.8007.05: light light*, $6.1006.90; parking sows, smooth. $6.30 @6.40: packing sows, rough. $606.40: slaughter pigs, $4.50®0.50. EAST BT. LOUIS, Feb. 37.—Cattle—Receipts 2.600: market, bet steers, steady to strong: native beef steers. $7.25® 8.76; yearlings and heifers, $9 up: cows. $5.26 up: eauners aifli cutters. $2.25® 3.25; calves. $12.50: Stockers and feeders. $4.75® 5 75. Hogs—Receipts. 21000; niaket, 16025 c lower: heavies. [email protected]: mediums. $6.93® 7.15 light. $6.50 0 7.15: light, lights. $5.83 @7.05; packing sows. [email protected]; pigs, $5 250 6.50: bulk. $0.90® 7.15. Bhep— Receipts. 1500; market, steady to 10c higher; ewes. $609.75; canners and cutters, $2.50®6; wool lambs. $13.75® 15.85. PITTSBURGH, Feb. 27.—Cattle—Receipts light, market steady; choice. $9.65010; good, $8 5009.25: fair, $8 @7.40; veal calves, $15.60 016. Sheep and lambs —Receipts light, market steady: prime wethers. [email protected]; good, [email protected]; fair mixed, $7.50® 8.50: lambs. $12018.35. Hogs— Receipts, 45 double-decks: market lower; prime heavy, [email protected] mediums, $7.45 @7.60; heavy Yorkers, $7.45® 7.50; fight Yorkers. $6.75@7: pigs. [email protected]; rough, $5 [email protected]; stags. [email protected]. EAST BUFFALO, Feb. 27. ceipts, 225: market, 25c lower; shipping steers. $0.50010.50; butcher grade. sß® 9: heifers. [email protected]. Calves—Receipts, 450: market, slow, steady; culls to choice, s6® 18. Sheep and lambs—Receipts, 3,200 market, slow, 25c low'ar, active: choice lambs. $15016; eld's to choice. $9014.50: yearling*. $9.50®. sheep, s4@ll. 'logs —Receipts, 8.500: market, slow. 15® 25c lower; Yorkers. [email protected]: pigs, s6® 6.50: mixed, [email protected]; heavies, $7.00; rough, [email protected] stags, [email protected]. KANSAS ' CITY, Feb. 27. —Cattle—Receipts. 6,000: -alves. 1,000; desirable grade* beef steers strong-; most feeders, [email protected]; early sale* of stecker* steady; bulls and calves strong; stoekers and feeders mostly steady. Hogs—Receipts, 15,000: little doing; shippers bidding, 15®20c lower, $6.85 bid on choice 240 to 200-pound butchers; few 130 to 150-pound averages, $5.85® 0.15; packing sows mostly. s6® 0.10. Sheep —Receipts, 3,500: lambs steady to 15c higher: top, $15.65; no sheep offered. CINCINNATI, Feb. 27 —Cattle—Receipts. 600; market steady: shippers, [email protected]. Calves—Market opened 50c lower, closed $1 lower, late top sl4: extras, sl3 @l4. Hogs —Receipts, 6.000: market 20c lower, pigs and roughs steady; good to choice packers. [email protected]. Sheep—Receipts. 200: market steady; extras, $5 @B. Lambs—Market steady; fair to good, 14.50® 15. State dog show coming Hoosier Canines to Have Their Own Particular Day. Every dog has his day. And Hoosier canines are going to have their own particular one. A show will be sponsored by the Hoosier Kennel Club, which was organized Tuesday night at the Lincoln. O. R. Fishel elected president; B. H. Robey ot Indianapolis, and Mrs. T. B. Davis of Ben Davis, vice presidents; Thomas C. Cofer of Indianapolis, treasurer, and Tabitha B. Scott of Indianapolis, secretary. Raw Sugar Market By United Financial NEW YORK. Feb. 27.—The raw eugar market opened lower. July. 6.43 @ 5.46 c; September. 5.41 December, 4.86@

Funeral of Murder Victim

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Photo shows casket containing body of the mother of Frank McDowell, 20, which recently was buried in the McDowell family plot in St. Pet-

SON OF M’ADOO IS LINKED WITH OIL (Continued From Page 1) is an important matter,” Major wired on one occasion, adding he did not believe it was about “the main issue” but about “a New York transaction.” Htarek. Major said, thought the matter important enough to make a trip South to see McLean about it. but as he was ill, Starek asked McLean to call him on the long-distance-telephone. Major was also in communication with McLean, the telegram shows, over the departure of Wilton Lambert, McLean’s attorney, for New York, and the delivery of a message from McLean to I>ambert there. Another telegram mentioned the name "McAdoo.” saying Major would "deliver message regarding "McAdoo." Another said "talked over long-distance with McAdoo.” Disclosures Withhold The committee broke off its disclosures regarding the telegrams before it had made public all those considered pertinent to the oil inquiry- Others will be read tomorrow. Aside from the identification of McAdoo. the most, sifinificant fact developed by the telegrams read today, the commute members said, was the interest and close attention with which McLean, from his cottage in Palm Beach kept in daily touch with the progress in Washington of the oil investigation. One telegram also disclosed that McLean was notified when C. B(iseom Slemp. President Coolidge’s secretary, left Washington for Palpi Beach. The message, in part, follows: "E. B. McLean. Palm Beach. Fla. “Mr. Homer said he believed you should have leased wire nstaljed and that the Post and Enquirer (the two McLean paers) should equally share the expense of same. He based his opinion on the congressional situation, the fact that you could at all times be in communication with Washington and Cincinnati and also have easy and quick access to the White Douse. Nothing Develops "Homer "wants to know if everything was satisfactory at Wednesday's conference, and if not, is there anything for him to take up, and if so. who should he 'consult, Lumber or Frazer. Slemp and Whaley leave at 9:46 tonight for Palm Bench. Saw party at. Wardman Park Hotel. Nothing has developed as yet. Best regards. JOHN MAJOR.” The telegram was dated December 22. A mesage from Major dated December 25 stated: “After talking with Dutiphy over the telephone tonight I agin talked with J. W. Zevely. He said the matter would be attended to in a manner which would meet with your approval. (Signed). "Major.” Telegram dated Dec. 26 <and signed by Major follows: "Palmer and his associate, named Zevely, told me tonight that under no circumstances should you send a message to the chairman of the committee. They both said to assure you that your interests wil be fully taken care of and at this time the chances of you being called were very slight. Both declared after the man at Wardman Park hotel testified that if the committee showdd any indication that you were to be summoned they could take care of lt. Everything in Hand "From the present outlook I personally believe that everything is well In hand from your standpoint. Sinc<alr Is to testify tomorrow. He is going to issue a statement to the comn.ittee before he goes on the stand. The high spots in it are that he Is going to refuse to discuss his private affairs concerning his friends who are not In any way connected with the transaction; I will have the statement in full on the wire to you before noon Thursday. Fred Starek Is anxious to get in touch with you on what he says is important. I do not believe that it is in connection with the main issue on this wire, but believe it has to do with a New York transaction. He said it is important enough to take a trip South to see you. but on account of not being well, requested that you telephone him. (Signed) "MAJOR.” Another message to McLean was dated “the White House.” It said: "Telegram received. Have wired Wllkens at Hopkinsville, Ky. (Signed) "E. W. STARLING.” White House Man Starling Is a White House secret service man. f _ "I saw the secnjyv a ~.8

ersburg, Fla. Young McDowell is in jail charged with her murder and also murder of his father and two sisters. He said he was urged by his “black god.”

the whole matter would be dropped after Sinclair had been questioned perfunctorily." another message to McLean from Major said. On Jan. 2 Major wired McLean “Palmer said he had other people working on Walsh.” The committee adjourned until tomorrow, when the remainder of the telegrams will be made. They will not be made public until then. Lenroot revealed he and Senator Smoot had a heretofore secret conference with Secretary of the Interior Fall just before Fall told his first story as to where he got me SIOO,OOO for his ranch improvements. The significance of this revelation lies in the open chkrge of Senator Walsh of Montana that Republican members of the Investigating committee intended to hinder his inquiry until the scandal was really brought to light. Lenroot ahd Smoot went to Fall’s apartment at Wardman Park Hotel during Christmas week. Smoot Tells Story The complete story of the Wardman Park conference was told today by Senator Smoot: “Lenrott and I went out to see Fall at Wardman Park. We told him everything in the record had been explained except where he got the money for improvement of his ranch," said Sn oot. "He told us he borrowed it from an old friend. “ 'l’m not a pauper: I can get money when I want it,’ Fall said. '• W--11, Albert, why don’t you tell the committee where you got it?' we asked him. " ’lt's a private matter,’ Fall answered. "He was a sick man then. He was lying on a couch and pers’piratlon was streaming from’his face. “Lenroot says Fall said as we were leaving he got the money from Edward B. McLean, but I did not hear that. Went as Friends “We went there as friends to get him to clear the matter up for his sake, the committee's sake and the sake of the public. This was a few days before he sent the letter to the committee that he got it from McLean. "I have never sent a telegram to Fall or received one from him since then. “The only communication I have had with him was when J. W. Zevely (Harry Sinclair's Washington attorney) called me on the telephone from New Orleans and told me Doll* ny was coming to Washington sind tell it all. He then said ‘Albert Fall is here and wants to talk to you.’ Fall told me he would arrange to come up later, that both of his daughters were ill and that he could not come at that time. "I told all that to Senator Walsh. "Now that is all there is to it. Those are the only times I was in communication with Fall. I have nothing to hide and that is all there Is to it.” "It was two or three days before Senator Fall wrote his first letter to the committee," Lenroot said. ‘Both Senator Smoot and myself insisted he come before the committee and tell the whole truth. Makra Definite Promise "He made us a definite promise he would and told us he had obtained the money form an old friend in Washington. I am sure he said ha obtained the sum from Edward B. McLean.” Both Fall and McLean later admitted this story was untrue. McLean said he had given checks for SIOO,OOO to Fall, but that Fall had returned them and they were destroyed without being cashed. Washington bankers, however, testified McLean’s checking accounts were as low as $4,950 around this time and at no time within a year had they totaled anywhere near SIOO,OOO. The fact that Lenroot and Smoot, ranking Republican members of the Investigating committee, had gone secretly to see Fall was never revealed to the full committee. "That is the only conversation I had with Senator Fall since the matter of the SIOO,OOO was first brought up,” Lenroot said. Promoted Resolution These reports prompted Walsh to investigate the flies of the Western Union and Postal Telegraph companies for records of all messages sent from Washington to Fall or McLean at Palm eßach or at New Orleans. This examination was resumed today by the committee in executive session. Files of the Postal were submitted today. After all the messages have been examined, those which are believed to be pertinent to the oil lnlatgstigation will be made public.

ORR AND NI’CRAY CONFER Adjt. Gen. Harry B. Smith and Field Examiner in Parley. Governor McCray today conferred with Lawrence Orr, chief examiner, State board of accounts; Adjutant General Harry B. Smith and A. D. Wallace, field examiner. The purpose of the meeting was not disclosed. It was intimated they discussed State finances.

SLASUOOL • FUNDS IS DECRIED 1 / Cleveland Educator Addresses National Association Session, By United Press CHICAGO, Feb. 27.—Reduction of public school appropriations to help reduce taxes would mean a handicap for th.e educational system, R. G. Jones, superintendent of schools in Cleveland, today told the National Education Association convention. People take more pride in spending money for material things than for education, Jones stated. Twenty thousand children of school age are killed annually in automobile and other accidents, Albert R. Whitney, national saety council, tfold the convention. Education against carelessness wil reduce the casualties, he said.

Charming Suit Is Direct From Paris

SHIS charming suit is typically Parisian. It is of brown wool with wide bands of lighter wool in harmonizing shades applied about the waist. The collar and cuffs are in the lightest shades, lt is tied about the waist in the casual fashion every French woman adopts with such good effect.

SAMUEL JOSEPH NAMED Freeman Appoints Twelfth Ward Chairman. Samuel G. Joseph, manager Roberts Clothing Cos., was named Republican chairman of the Twelfth Ward by ■William H. Freeman, county chairman, today. Joseph succeeds ;Thomas Dillon, resigned. is identified with the ShankAnn&e faction of the county and was itXihank worker in the city cam-

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DANIELS’ FRIENDS 10 LAUNCH BOOM * Supporters of Former Secretary Confer Tonight, By United Press RALEIGH. N. C., Feb. 27—Friends of Josephus Daniels completed plans today for a conference of his supporters tonight to formally launch a boom for the former secretary of the Navy for President. Plans to have the State Democrats indorse Daniels for the presidential nomination at a session last night_ did not materialize, Judge Frank Winston failing to present his proI posed Daniels resolution. Governor Cameron Morrison and I Senator Simmons are behind the Mc- | Adoo movement and Judge Winston : decided to await a more favm-able op- ] portunity. \ CITY RIGHT ESTABLISHED i Groninger Says Interurban Cargo Can Be Regulated. The city has a right to require interurbans to carry fire extinguishers and regulate transportation of in* ! flammable material in the city, acj cording to an opinio nos Tayolr Gron- ’ inger, corporation counsel, today. The board of safety requested the opinion as a step to protect the public, following the wreck on the Union Traction lines near Fortville Feb. 2. i Groninger said the city could act i under police power. The board of safety may draft an ordinance to require interurban com- | panies to provide additional safety •measures. MOTORIST FREED IN COURT Liquor Charges Upheld and Sentences Passed in Other Cases. Charles C. Coonfield, 1706 S. Harding St., was found not guilty of op- | erating a car while intoxicated in Criminal Court today. Traika Tonich, 1809 Shelby St., was found not guilty of operating a blind tiger. Homer Lewis, 423 W. North St.. an<l Russell De Hoff. 2525 N. Talbott Ave., ; were found guilty on similar charges. Lewis got SIOO fine and thirty days i in jail, De Hoff S2OO fine and seventy I days at the Indiana State farm. Building Permits Western Oil Refinins Company, station. 323 E. Sixteenth. $2,500. Western Oil Refinimr Company, gas tanks. 323 E. Sixteenth, S2OO. Western Oil Refinlnp Company, gas tank. 3227 E M*ehi£an. S2OO. Western Oil Refining Company, station. 3227 E. Michigan, $2,500. E. G Spinks, building. Highland anu Eighteenth, $1,200. John W Gregory, addition, 1539 Cornell. : S3OO. , Jessie Bauer, laddition, 728 N. Capitol, I S2OO. Frank Linder repairs. 2906 E. New York. $682. Harold Koch, boiler. 826 Virginia. $3,700. M. J. Kenisey. dwelling, 602 Alton, $2,600. A O. Httfnagel. furnace. 941 W. Tweutyi Ninth. S3OO. James Ivers. reroof. 1314 N. Gale. S2OO. Frank Dawson, reroof. 6416 Ferguson. I $275 A. H. Whitcomb, sign. 140 N. Illinois, i SSOO. Thomas Connell, garage. 1324 Ruckle, $230. Ida Rienhardt, dwelling. 4250 Bowman. $4,000. jJr Morris J. Faure, dwelling. 3335 W.J* $2,050 \ Charles S. Becker, addition. 24 N. w sylvania. $5,900. \ C. H. Jemukian. reroof, 2452 Ashlv.v. i $350. William H. Shall, repairs. 2251 N. Deari born. S2OO. J B. Cornell, remodel, 645 E. Nineteenth, I SSOO. I John Gregory, addition. 2311-12 Yandes. j $1,200. George T. Earhardt. dwelling. 2926 Broadi way. 56,800. I Virgil T. Calvin, addition. 2917 N. Chesi ter. SI,OOO. i Virgil T. Calvin, furnace. 2917 N. Cbes- ; ter. $225. S. E. Hamilton, dwelling. 425 S. Dearborn, $2,500. S. E. Hamilton, dwelling. 940 E. Sumner. $2,500. S. E. Hamilton, dwelling, 930 E. Sumner. $2,500. • License Bureau Works I-ate Because of the many applications for motor licenses being made this week employes of the State automobile department are forced to work until 8 and 9 p. m., H. D. McClelland, manager, said today.

Central Indiana Power Company is the state’s largest utility enterprise. Its subsidiaries supply electricity to over 68,000 customers; yet the territory served has over 900,000 population. Think of the development facing this industry 1 The new Super-Power plans on tfid Wabash River, near Terre Haute, will permit extension of service throughout this vast territory. New business is waiting homes, farm, factories, mines. It means much in the industrial development of Indiana. We offer our Preferred Shares at $92.50 each, for cash or on payments of $5 down and $5 monthly per share) 6% interest on advanced payments. Call, phone or write. INVESTMENT DEPARTMENT Central Indiana Power

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