Indianapolis Times, Volume 35, Number 259, Indianapolis, Marion County, 12 March 1924 — Page 11
\V JhJJ-N -fcifelJA 1, jdAla.ll 12, I^2l
GENERAL MARKET CONTINUES RALLY STARTED TUESDAY Coolidge’s Victories in Primaries Proves Bullish Factor. The WALL STREET JOURNAL NEW YORK, March 12. —Impetus was given to the recovers 7 In the general list In today's early dealings by President Coolidge’s sweeping victories In the Colorado and New Hampshire primaries, both States pledging their entire delegation to him at the Republican convention. Steel common reached 102 74 and American Can 115%, but the outstanding feature was the strength of Southern Railway, which made a 1924 record high at 61%. Southern’s strength was taken to indicate the board of directors had been won over to the idea of establishing a common dividend cent. * First Hour Rails were strong throughout the first hour, the buying move in Southern Railway and Norfolk spreading to New Haven, the Erie's and other lowpriced issues on the news that traffic is still running at levels unsurpassed in the history of American railroads. Impressive strength in the rails encouraged operations for a rise in various industrial specialties. LooseWiles spurted to 61 as against Tuesday’s low at 53% on the news that accounts'of unpaid preferred had been wiped out and that common dividends alight be resumed soon. Second Hour Trading diminished in volume as the morning progressed, but quiet strength continued to dominate practically the entire list. Freedom from selling pressure was the outstanding feature of the dullness. Rail stocks continued to draw a generous measure of the speculative attention, but epecialt'es and some of the bed-rock industrials also came in for their phare. Practically all activity favored the side of rising prices, any exception being due to special reasons that have no effect on the general market. Noon Hour Trading fell off in the noon dealings and no further progress was scored in the main body of stocks, but no recurrence of selling pressure took place and the general list continued to display confidence ewith Southern Railways reaching a further record high above 52 as the principal feature of the market. Cuba Dominican Sugar sold up 2 points to 48 on the strength of the annual report showing a surplus available -for preferred of sl7 a share, as compared to s2l the preceding year. Fourth Hour Trading continued light in the early afternoon and price changes in the pivotal stocks were w-ithout significance. Encouragement was received through the sharp recovery in francs, but the better feeling resulting was not pronounced enough to be translated into terms of a strong upward plant in the stock market. Special selling of Market Street Railways prior preferred, which dropped 4 points, betrayed general apprehension for safety of the $6 dividend and J. I. Case stock suffered a break of 7% to 15, depressed by recent elimination of the preferred stock. Twenty active industrial stocks on Tuesday averaged 97.81, up .60 per cent. Twenty active rails averaged 80.93, up .32 per cent.
Local Bank Clearings Indianapolis bank clean res Wednesday were tB.516.000; Dank debite were *5,465.000. New York Money Market By United Financial NEW YORK. March 12.—Time money bid 4si per cent: banks oiler loans at 5 per cent, all dates. Commercial paper: Prime names 4* t per cent: other names 6 per cent. Call money 4>4 per cent. Foreign Exchange By United Financial NEW YORK. March 12.—Foreign exchange opened higher. Sterling. $4.30: cables. s4.3o’a. Francs, demand. 1.06 lie: cables. 4.06 c. Lire, demand. 4.20 tc: cables, 4.21 c. Belgium, demand. 3.43 ac; cables. 3.44 c. Marks 4.500.000.000.000 to the dollar. Swiss, demand. 17.28 c: cables. 1T.30c. Guilders, demand. 37.23 c; cables. 37.26 c. Pesetas, dema .and, 12.47 c: cables. 12.49 c. Swedish, demand. 26.23 c; cables. 26.27 c. Norway, demand. 13.44 c; cables. 13.48 c. Denmark, demand. 15.44 c; cables. 15 48c. In the Cotton Market By United Financial NEW YORK March 12.—Cotton opened higher. March 28.70 c. up 11 points; May 28.90 c. up .03: Juiy 28.30 c, up .08; October 25.73 c. up 10: December 25.43 c. up 13. Raw Sugar Market By United Financial NEW YORK. March 12.—Raw sugar opneed lower. May. 5.37 @ 8.39 c: July, 543 5.44 c: September. 5.41 @ 5.42 c; December. 4 89 <8 4.90 c Dressed Beef Prices Wholesale selling prices on dressed beef. Swift * Cos.. Ribs—No. 3.30 c; No. 1. 17c. Loins—No. 325 c; No 8, 18a Rounds—--18c: No. 3.10 c. Plates—No. 3. se; No. 8. 7a. 39 LEGAL NOTH Eg ~ NOTICE OF APPOINTMENT Notice is hereby given, that the undersigned have duly Qualified as administrators of estate of Anna Elder Adams, deceased, late of Marlon County. Indiana. Said estate Is supposed to be solvent. ROY E ADAMS. W. RAY ADAMS. No. 22106. Feb. 27-March 5. 12 NOTICE OF APPOINTMENT. Notice la hereby given that the undersigned has duly Qualified as executor of the estate of Frank Hutsebout deceased, late of Marion County. Indiana. Said estate is supposed to be solvent. No. 22130 CARL LOUIS LARSH. JAMES L. MITCHELL. Attorney. NOTICE OF APPOINTMENT Notice is hereby given, that the undersigned has duly qualified as administrator of estate of Rosanna Crist, deceased, late of Marion Co- nty. Indiana. Said estate is supposed to oe; solvent. 4 FRANCIS W CRIST. No. 22102. Feb 27-March I* NOTICE OF APPOINTMENT. Notice is hereby given that the tindersigned has duly qualified as administrator, with will annexed of the estate of Louisa Richards, deceased, late of Marion County. Indiana. Said estate is supposed to be solvent. IRVINGTON STATE BANE No. 22186.
New York Stocks (By Thomas & McKinnon) —March 12—
Railroads— * At 12:45 Trev. High. Low. p. m. close. Atchison . ... 98% 98 % 99 B. & 0 50% 50% 50 *•* 50 % C. & 0 73% 73 73 72 Vs C. & N. W. R. 50% 50% 51 C.. R & P.. 23% 23 23% 22% Erie 20 25 25% 24% Mo Pac pfd.. 38% 38% 38% 37% N Y Central 100% 100% 100% 100% Nor Pacifle.. 53 ~ 52% 53 Nor & West 121% 120% 120% 119% Pennsylvania. 43 % .... 43 % 43 % Reading’ .... 55% 55% 55% 55% So. Railway.. 52% 50% 52 50% So Pacific.. . 80 % 80 % 88 % t 0 % St. Paul pfd. 25 % 25% 25% 25 St L& S W .38 % . . 38 37 % Wabash pfd 44 % 43 % 44 43 % Rubbers— Goodyear pfd 47% 45 47% 44% Keliy-Spg 23 22% 23 22% Equipments— Am L0c0.... 75% 75% 75% 75% Bald Loco.. 122% 122% 122% 122% Gen Electric 214 213 214 213 Pullman .. 119 118% 119 119 West Elec 62% 02% 62% 62% Steels— Bethlehem... 56% .... 56% 56% Colo Fuel.. 31% 31% 31% 30% Crumble ... 63 62 % 63 62 Gulf States. 81% ... 81% Y 1 Rep I and 556 % ... 55 % 55 % D S Steel ..102% 102% 102% 102% Minings— Gt Nor Ore. 29% ... 29% 29% Motors— Am Bosch M 34 % . . 34 % 34 % Chand Mot.. 60% 60% 60% 60% Gen Motors.. 15% 15 15% 15% Max Mot A. 52 52 52 62 Studebaker .101% ... 101 101% Stew-W arner. 90 % ... 90 % 90 % Wiiiys-Overid 12 ... 11% 12 Coppers— Amer Smelt. 60 % ... 60 % 60 % Anaconda .. 34 % ... 34 % 34 %
UNEVENNESSAGAIN FEATURESGRAINS Wheat Depressed After Early Fractional Gain, Bv T utted Financial CHICAGO, March 12. —Unevenness again featured the opening on the Chicago Board of Trade today. Wheat gained fractionally at the start, but dipped later when bear influences became overwhelming. This depression was due to lower Liverpool, more wheat than expected, as shown by farm reserve figures, and liberal purchases of Canadian wheat by domestic interests. Some crop damage was reported East of the Mississippi and the fly menace Is prevalent in Kansas. Corn was inclined to hold its fractional advances. Receipts were light, the movement slow and arrivals of poor quality grain. Harvesting of Argentine’s new crop is progressing under favorable conditions. Oats rested at unchanged figures, although local sentiment seemed to favor the buying side. Provisions slumped with hogs and cables. Chicago Grain Table —March 12— WHEAT Prev. Open High. Low. Cose, close. Mav 109 % 1.09% 1.06% 1.06 % 1.09 ■ , Julf " 110 1.10 100% 107% 1.09 % Mav”* I*"'' 1 *"'' 81% .81% .79% .80% .81% July 81 % .81% .80% .80% .81 % Sept.: 81% .80% .80% .80% .81% May AT .47% 47% .45% .♦% 4';* July.. .45% .45% f H Sept.. 4**4 42 \ .41 *4 41 4 May AI lL27 11 27 11 10 11.10 11 30 May l ? 985 9.75 9.75 0.87 2 zvt -S’* 72 % July . -72% .72% <0 -70 CHICAGO, March 12 —Primary wertpts: Wheat 771.000 against 62,.000: com. 9,0.000. against 988.000; oats 633.000. against 703 000 Shipments: Wheat 64/."00. against 542.000: com. 857.000. against 624.000; oats. 763.000. against 798.000. CHICAGO. March 12. —Car lot receipts: Wheat, 32: corn. 92: oats, 52: rye. 7.
Grain Briefs CHICAGO. March 12.—The Government report, issued Monday, revealed that there is enough grain on farms and in the visible supply to furnish all domestic and export requirements. Winter wheat has been further injured by another week of alternate freezing and thawing, extending from Ohio to Missouri. B W Snow deolaml in his weekly statement. The Southwest prospects remain lar vorabie. It looks Aow as though domestic wheat will have to work to a level where the dem.ird will absorb our surplus, a leading trader who has been bullish for the last few months, declared. The flour demand. Millers say. is spasmodic buyers taking advantage of dips to accumulate stocks to tide them over the bulges. Indianapolis Stocks —March 12— Bid. Ask. American Central Life. ....-200 ... Amer Creosoting Cos pfd 97 ■ • • Advance Rumely Cos com 9 io Advance Rumely Cos pfd.... -9 36 Belt R R com.' '* Belt R R Pfd -- Century Bldg Cos pfd 98 H ... Cities Service Cos com • • Cities Service Cos pfd Citizens Gas Cos com ~9 .51’* Citizens Gas Cos pfd 10* 106 Indiana Hotel com 100 •• • • Indiana Hotel pfd 100 •••- Indiana Pipe Line C 0....... Py ... Indiana Title Guaranty C 0... 8o • ■ ■ Indpls Abattoir pfd - • Indianapolis Gas i? Indpls A Northwestern pfd. . 3a 41 Indpls & Southeastern pfd.. .. 4a Indpls St Ry 50 Indpls Tel Cos com 1 Indpls Tel Cos pfd. 90 ... Mer Pub Util Cos pfd. 82 82 National Motor Car Cos * 1 Public Sav Ins Cos. “ ••• Rauh Fertilizer pfd 49 St OU of Ind Sterling Fire Ins 10 "a •• j T H. I A E com. * * T H. I A E pfd* 10 20 THTt and Lt Cos pfd.... .... 86 93 Un Trac of Ind com . • ■ * Un Trao of Ind Ist pfd 12*4 2.. 44 Cn Trac of Ind 2d pfd. . 8 Van Camp Prod Ist pfd. ... .. 100 Van Camp Prod 2d pfd 100 Vandalla Coal Cos com -a. 8 Vandalia Coal Cos pfd 7 11 Wabash Ry Cos com 14 ... Wabash Ry Cos pfd .. . . 43 H .... Bonds Belt R R A S Y 4s May. 1939 81 Broad Ripple ss, July, 192.1 . 50 Cent Ind Gas ss. Sep*.. 1931 Cent Ind PCo 6s, July. 1947. . . . ■• - Citizens Gas os, Juiy. 1942 . 8 88 Citizens Gas 7. serial 101 102 H Citizens St Ry ss. May. 1933 80 83 Ind Coke A G 6s. April. 1946 90 4* 93 Ind Hotel s*. July. 1931 94 99 Ind Hotel Cos 2d 6e. draw able 98 44 ... Ind orth ss. Oct.. 1933 ... Ind Ry A Light ss. Jan.. 1943 90 ... Tn.q Serv Cor 5a Jan-. 1950.... ... Ind Union Trac ss, July. 1933 .. Indpls Ab Cos 744 s. Sept., '3l 99 103 Indpls Col A So fls. Feb.. 1948 97 100 Indpls Gas 6a Oct.. 1952. . . 86 87 44 Indpls L A H 5a April. 1940 95 \ 96 44 Indpls A Mari Bs, Jan.. 1932 .. 61 Indpls Nor 5a July. 1932... 43 48 Indpls A Nor os. Mar. 1923 43 44 Indpls A S E ss. Jan., 1935. ... 29 Indpls S A S E ss. Jan.. '32 . 39 Indpls St Rv 4a Jan., 1933. . 62 65 Indpls T A T ss. Jan.. 1933. . 88 89 44 Indpls Un Rv s*. Jan.. 1965 94 44 ... Inipis Un Ry 4 445. May. '26 95 ... Indpls Wa 5>4 s. March. 1953 96 44 Indpls Water 4 44* 89 44 90 Ind Pub Ser 6s. April. 1943 8944 92 H T H I A E 5a Aug.. '45. . . . 62 63 T H Tr and L 5a May. 1944 82 Un Trac of Ind 6a July, '32 58 59 84.000 Indpls Tr ami'Tarns 6a.. n . 88 10 Shares T H Tr and L pfd.. 93
Trey. High. Low. 12:45. close. Kennecott . . 36 '.. . 35 % 35 % Utah Copper 66 ... 66 66 % Oils— Cal Petrol. . 25 % 25 25 25 Cosden 36 ... 35 % 36 Houston Oil . 71 % 71 % 71 % 71 % Marland Oil. 38% 38 38% 37% Pan-Am Pete 60 % ... 49 % 50 Pan-A Pete B 47% 46% 47% 47 Pacific Oil.. 52% 52% 62% 52% Pro and Ref 36 ... 35 34 % Pure Oil . . 24 % ... 24 % 24 % St Oil of Cnl 62% 62% 62% 62% St Oil of N J 38% 38'% 38 % 38% Sinclair ... 23% ... 23% 23% Texas Cos ... 42% 41% 41% 42% Industrials— Am Can 115% 115 115% 114% Am Woolen.. 75% .... 74% 74% Ceil Leather.. 12% .... 12% 12% Coca Cola ..66% .... 66% 66% Cont Can ... 50 ’.*... 50 50 Davison Chem 53% 53 63% 63% Earn Players 70% 69% 70% 69% Gen Asphalt 41% 40% 41% 40 Inter Paper.. 39% 38% 39% 38% Mont & Ward 26 % . . 26% 26% Sears-Roe. ..90% 90% 90% 90% TJ. S. C. X. P. 75% 74 75% 74 U. S. In Al.. 76 75% 75% 75% Utilities— Am T & T.. 130% 130% 130% 130% Con Gas 63 63 62 % Pac Gas & E 94% .... 94% 04% Shipping— Am Int Corp 22% 21% 27% .... In M M pfd.. 30% 30% 29% Foods— Am Sugar.. . 54 62 % 63 52 Am Beet Sg. 41% .... 41% 41 Corn Prod.. 177% 175% 177% 174% C C Sg pfd. . 68 % 68 68 % 67 % C-Am Sugar.. 36 .... 36 36% Punta Alegre 65% . 65% 65% Tobaccos— Tob P (B).. 63% 63% 63%
TRADING ON CURB IS DULL, BUT QUITE FIRM Trading in Industrials Is Almost NonExistent. By United Financial NEW YORK, March 12. —The curb opened firm today with both industrial and oil stocks showing fractional advances over Tuesday’s closing prices. After the initial buying spurt the curb stocks again lapsed into the dullness which marked the trading throughout Tuesday’s uninteresting session. Trading in the industrials was practically non-existent and even the oils were markedly sluggish. With all the lack of buying, no weakness of any magnitude developed. Borne & Scrymser showed the greatest variation in the morning sessions, opening at 254, going up, point by point, to 258 and then dropping back to 256. The whole Standard group was quiet, prices varying only fractionally. FRENCH DOLLAR BONDS . LEAD IN EARLY TRADE Trading in Government Securities Is of Mild Nature. By T’nited Financial NEW YORK. March 12.—French government dollar bonds were strong today in the early trading on another sharp rise in francs. French Bs, sold up to 97 a rise of 1% and ,%s gained \ to 93%. Trading in United States Government was mild with little change in prices. The rails were strong, particularly Seaboard 6s at 76%, and refunding 4a at 52% up 1- Tractions in general were firm. Business News DETROIT. March 12 —Paige-Detroit Motor Car Company plana on issuing 53,000,000 of 6% per '-ent three-year nob's to supply working capital and take cage of rapidly trowing current business. NF.W YORK— Leading of revenue freight during the week ending March 1 totaled 945.049 cars, an increase of 99.151 cars over the previous week, when the Washington birthday holiday dereased traffic, and an increase of 26,425 cars over the same week last year.
Produce Markets INDIANAPOLIS. March 12.—Fresh egga loss off. 22c; packing stock butter. 20c; springs, over 2 lbs., 22c; fowls. 4*4 lbs. up. 23c; fowls, under 4 44 lbs., 19c: Leghorn poultry. 5 per cent discount: cocks. 13c; stags. 16c: capons, 8 lbs. up. 28c; young to mturkeys. 12 lbs. up. 24c: young hen turkeys. 8 lbs. up, 24c: 'ld tom turkeys, 18c; ducks. 4 lbs., up. 18c; geese, 10 lbs. up 16c: squabs. 11 lbs. to the doz.. $5.50; old guineas, doz.. $4.50. Indianapolis i-ream-eries are paying 52c per lb. for butterfat. CHICAGO, March 12.—Butter —Receipts, 6.052; creamery extra. 46 4c: standards. 4044 c; firsts. 45 1 @45'4c: seconds. 44* 44 44 a. Eggs—Receipts 19,668; ordinary firsts, 20© 21c; firsts, 22 44 *' 22 %c. Cheese —Twins. 21c: young Americans. 23 44 c. Poultry—Receipts. 4 cars: fowls, 23c; ducka 28c: geese. 13c: turkeys, 22c; rooster*. 17e; pprings. 29a Potatoes- -Receipts. 279 cars. Quotations: Wisconsin round whiipa $1 20 (H 1.50; Minnesota and Nork Dakota Red River Ohlos, $1.15® 130; Idaho ruswts. [email protected]; Michigan round whites $1 35 © 1 40. CLEVELAND. March 12.—Butter—Extra in tubs. 50 44 @52 44 c; extra Busts, 49 44 ® 5144 c: firsts 47*4 @4B 44c; packing stocks. 25@30c: standard, 49 44 @sl 44c; prints, lc extra Eggs—Fresh gathered northern extras. 27 44 c; extra firsts. 2644 c; Ohio firsts, 26 44c; western firsts. 25c. Poultry—Live fat. 27@280; springers. 27 @2Bc; Leghorns, 22@23c; old roosters. 17c; geese, 21 ©22c: heavy white ducks. 29c; light colored. 26c: medium fowls, 24c, turkeys, 28c; stags, 19 * 20c. Potatoes—Michigan round white. [email protected]: Minnesota whites. $1.30 @1.50: New York, [email protected] per 150 lbs. NEW YORK. March 12.—Flour —Quiet, easy. Pork—Firmer; mess. $24.74*25.25. Lard—Dull: Mid West spot. $11.60® 11.70. Sugar—Raw easy; centrifugal. 7.16 c: penned dull; granulated. 8.60® 9c. Coffee—Rio spot, 1544 016; Santos, No. 4, 2044 @2lc. Tallow—Weak; special to extra. 7% @744c. Hay—Steady: No. 1. $1.50; No. 3, $1.25® 1.30. Dressed poultry—Steady; turkeys. 20 ®36c: chickens. 22@48c; fowls. 18@32c: capons, 28@46c: ducks, 20@28c; ducks. Long Island. 25®27c. Live poultry—Weak; geese, 18@2lc: ducka, 15@36c; fowls, 25@ 27c; turkeys. 22@30c; roosters, 17o; thickens, 25@350; broilers. 40 @ 65c: capons. 27 @4oo. Cheese—Firm; State whole milk, common to special. 16@2644c; State aktms, 15® 19c; lower grades, 6® 14c. Butter— Firmer; receipts. 8.785; creamery extras, 484@484ie: special market. 49@4954e; State dairy tuba, 42® 48c; Danish, *9® 49 44 c; Argentines. 43 @46 44 c. Eggs— Strong; receipts, 24.804. nearby wluto fancy, 8444 ®36c; nearby State whites, 27®34c: western whites, 27® 34c: fresh firsts, 25'4 @29c: Pacific coast, 25 44 @34c; nearby browns. 30 @ 31c. % Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLINE—Energee, 22c a gallon; Purol, 18.2a; Red Crown, 18.2 c; Diamond gaa, 18.2 e: Crystal Pep, 21c: Target. 18.2 o: Silver F la9h. 220: Standollnd aviation. 23c. KEROSENE—Crystaline. 12.7 c a gallon; Moore Light. 15.5 c: Arciite, 12.7 c; Perfection. 12.7 c; Solvent, 35a NAPTHA—Lion Power Cleaners. 22.6 c a gallon: V. M. A P, 23.5 c: Standollnd Cleaners. 22.6 e. Cloverseed Market dealers are paying slo® 12 a bushel for cloverseed i Local Wagon Wheat Indtanjfcolis mills and eler%|or are paying $1.05 for No. 2 red wheat; ether gradee or thnlr merit*.
THE LNDiAAAPOLIS TIMES
HOGS TOPPLE ON LIGHTER DEMAND Decline Generally Regarded as Dime —Cattle Lower, Hog Prices Day by Day Mar. 250-300 lbs. 200-235 lbs. 150-180 lbs. 0. 7.70 x 7.70 7.70 7. 7.70 7.70 7.70 .8. 7.70® 7.75 7.70 @ 7.75 7.70® 7.75 10. 7.70 7.70 7.70 11. 7.85 7.85 7.85 12. 7.75 7.75 7.75 A slight increase in local receipts, coupled with a slump In the demand for outside account, resulted in a downward revision in hog prices in trading at the local livestock market today. The decline was generally regarded a a dime, though the top was only a nickel lower than on Tuesday. Trading opened with buying at a flat price of $7.76, compared with Tuesday’s prevailing price of $7.85, and practically all the offerings moved at that figure. A local butcher paid $7.80 for one or two bunches of fancies and a shipper paid the top of $7.85 for one double-deck of extra fancies for eastern shipment. Kingan buyers obtained their supplies at $7 75, except for some truck hogs purchased from a speculator at $7.70, not included in the day’s car run. Kingan took about 5,000 of the 8,000 head offered for sale, small butchers and shippers having taken the remaining 3,000. Both pigs and roughs were about a quarter lower, pigs having sold down from $6.75 and sows down from $6.50. Receipts in the truck division were again light, though larger than on Tuesday. Due to the depressing influence of a lower Chicago market, prices in the cattle department tended lower despite *The fact that some fairly good stock was offered for sale. Buyers were present, but they were decidedly bearish and values gave ground as a result. Receipts, 1,000. Ar, advance of 50 cents to $1 was scored iq the calf market as the result of a continued heavy Eastern demand and choice veals brought $14.50 with an occasional sale aa high as sls, while the bulk sold from $13.50 to sl4. Receipts. 600. Less than 50 head of sheep were in the jens and no real test of values could be made. Prices were regarded as steady, quality considered, with lambs at $16.25 down and sheep at $9 down. Choice lights JT*?T.. . 7 75® 7.80 Light mixed 7 75 Medium mixed 7.75 Heavyweights —••••• 7.75 Bulk o( sale* 7.75 T op <B. v Parking sows .... 660 Pigs O.Lo® 6.10 j —tattle— Prims corn-fed steers. 1.000 to ~ { 1 800 lbs 9.00® 10.50 Good to choice steers, 1.000 to 1.100 list 8.50'S 9.00 Good to choice steers. 1.000 to 1,200 lbs 7.00® 7.50 Good to choice steers, 1.000 to 1,700 lb* . 6.06® 7.50 Common to medium steers, ! 800 to 1.000 lbs B.oo® 7.00 —Cows and Heifers— Good to light heifers $ Good heavyweight —• • ‘ ;-’ ,u Son Medium heifers ano Common cows 3.00® 00° , Cutters o e-2 2 7 '9 Caunert ’ 2 .*ott 3.75 —Bulls— Fancy butcher bulls • • 9 600 Good to choice butcher bull*. 6 00® •> 60 Bologna bull* 4 4,0 —Calves— Choice reels Good veais - iOOOjGjOO Lightweight veals 73)0® 800 Common heavies 5.00$ t .01) Top 14 >0 —and Isamb#— Extra choice lambs J2nn Heavy lambs n no Cull laml/s 600 a M Good to choice owes 6.00® ?00 Culls 3-o>® o.UO
Other Livestock CHICAGO, March 12. —Cattle—Receipt*. 8 000- market for beef steers steady to stomp: spots higher, top matured steer*, early $11.50; bulk, $8*10; other Claeses generally steady; lat she stock fairly active; common and medium light vcalere tending lower others strong: hulk venters to packers, early. slo® 11; shipper* paying up to sl3 Sheep—Roceipts. 12,000; marital slow, very little business early; bulk wooled lambs 23c lower; one sale early to city butchers, sl6 30- sheep weak. 25c lower: odd lot* tat native eves, early. *10: sevorul decks clipped ewes. $8.75: shearing lamb*. $15.00* lo.So: ‘one deck feeding lambs, early. *15.26 Hogs Receipts 31.000; market 10c lower; top. $7.55; bulk. *7.25*7.60; heavyweight. *7 [email protected]; medium-weight, *7.26*7.50. lightweight. *[email protected]: light lights, *6® 7 30; packing sows, smooth, *8.60*680; packing sows, rough, *[email protected]; slaughter pigs, $4.25 @6 60. EAST BUFFALO, March 12.—Cattle— Receipts. 150; market active, steady: shipping steers. $9.60® 11; butcher grades $8 50 0 9.50; cows. 52.25 0 6.50. Calves Receipts 350; market active and steady; culls to choice. $0.50 @l4. Sheep and lambs —Receipts. 2,000: market active; lambs 160 lower; sheep steady; choice, lambs. $1(1 @ 16.85; culls to choice, [email protected]: yearlings, $9.50*15: sheep, [email protected]. Hogs—Receipts. 5.600- market active, steady; Yorkers. $7*8.25; pigs. $6.75*7; mixed $8.16 @ 8.25; heavies. *8.16*8.25: roughs, [email protected]; stags, $3.60*4.50. EAST ST. LOUIB. March 12.—Cattle Roceipts. 2.600; native beef steers. $10: yearlings and hrifers, : cows. $4 50® 5,60; eanners and cutters. *2.50*3.60; calves. sl2; stookers and feeders. $5.50® 6 50. Hogs—Receipts, 19.000; market 10® 15c lower; heavies. $7.40*7.60; mediums, $7.45 @7.60: light, $6.75*7.60: light lights. $6*7.50: packing bows. *0.25® 660 pigs. *5 @6.65; bulk. $7.60*7.75. Sheep—Receipts. 1.600: market steady: ewes, $6 60® 10.50; eanners and cutters. $2.5006.50: wool iambs. $14*10.25. PITTSBURGH. March 12 —Cattle—Receipts light; market steady'; choice. $9.05® 10- good $8.60 * 9.25; fair. $6*7.40; veal calves. $14*14.50. Sheep and lambs—Receipts, light: market steady; prime wethers, sll @ 11.50; good, $10.50*11; fair mixed, $8.50*9.50; lambs. $13*16.75. Hogs— Receljns, 20 double deckers; market, lower] prime heavy, $7,[email protected]: mediums. $8.05 @8.10; heavy Yorkers. $8.05*810; light Yorkers. $7*7.40; pigs. $8.50@7; rough, so*7: Stags, [email protected]. CLEVELAND, March 12.—Hog*—Receipts, 400: market steady, 10c lower; Yorkers, *7.90; mixed. $7.90: medium, $8; pigs. $6 50: roughs. $6: stags, $4.50. Cattle —Receipts, 300; market steady, unchanged. Sheep and lambs—Receipts. 1,000; market 26c higher; top, $16.75, Calves— Receipts, 200; market steady; top, sl4. CINCINNATI. March 12.—Cattle—Receipts. 450: market, steady to strong. Calves —Market, steady. Hogs—Receipts, 1.250; market, mostly 15@26c lower; good to choice packers. SB. Sheep—Market, steady: extras. $5.60@8. Lambs—Market, steady; fair to good. $15.50*16. WATER PETITION HEARD Bloomington Stock Issues Before Utility Oommision. Hearing- on the petition of the Bloomington Water Company to issue $125,900 In common stock and $300,000 in preferred stock was held today by Oscar Ratts, vice chairman, public service commission. The company in an amended supplementary petition lowered the common stock from $150,900, following the action of the State tax commissioners In lowering bonds, asked by the city, from $160,800 to $126,800.
Opposes Roosevelt for Convention Seat
- if- • •’
Miss Ruth Litt of East Patchogue, N. Y., who Is running against Theodore Roosevelt, assistant Secretary of the Navy, for post of delegate from First Congressional District, for a seat In the Republican national convention. AND HE’S HEADED TOWARD ‘BIG DRINK’ 'Seaman on the High Seas and Craps Shooter’ Released. Once again Robert Jenkins, colored, will feel the tang of salt air on the bounding main. Once again the galloping dominoes will hear his cajoling voice beseeching them to answer his plea for “naturals." For the "seaman on the high seas, and craiishooter,” as Jenkins described himself to George G. Rinier, judge pro tern, in city court today, was freed from a charge of the theft of a watch. "I am not guilty of petit larceny, but of accessory of the fact after the crime," he told the court. He got the watch, he said, in a craps game. He said he was anxious to get out of town and “lack on the high seas." He said he had $3.90. This amount w increased by an unknown man v. r:o slipped $2 in his hand as he left the courtroom, headed for the "Big Drink" and salt spray.
ANTHRAX APPEARS IN MICHIGAN CITY Disease Kills One Person, Attacks Another, Anthrax, deadly animal disease, has killed one person in Michigan City and attacked a second, it became known today. Dr. Mont K. Baii-d. director of laboratories, Michigan City, conferred with Dr. W. F. King, secretary of State board of health. Persons infected were employed in a plant using certain kinds of brush and hair, it is understood. The anthrax germ, which attacks animals, evidently was carried to the workmen on animal hair used in manufacturing. Births Boys Robert and Pruda Huggins. 333 Trowbridge. Herbert and Peari Holton. 516 Holly. Ernent and Fernando Watson, city hospital. Rob9rt and Elsie McKenna. 240 N. Randolph. Norbert and Lena Vich. 1706 S. Delaware. Raymond and Mildred Monce. 2168 N. Oxford. Orval and Lola Mclntyre. Long Hospital. Gerald and Allee Leslie, 1516 Saulcj. Charles and Anna Meyers; 114 44 E. MoCarl y. Robert and Helena Mehne, 1716 Broadway. Carroll and Mannette Kahn. Methodist Hospital. William and Bernice Eckstein, 418 S Rural. George and Flora Kohlstadt, Methodlat Hospital. Georgs and Esther Smith, Methodist Hoepi tal. Joseph and Jessie Goodwin, 429 N. Garfield. Alva and Emily Morris, 3012 N. Gale. Girls Lesner and Alpha Query. 217 9. Pine. Paris and Grace Killman, 611 Holly. Frank and Vera Lutman, 810 N. Gladstone. James and Callie Reddick. 324 S. Hamilton. Herbert and Fay Taylor, 1814 Tbalman. Deaths Anna E. Anthony. 77, 56 N. Denny, chronic myocarditis. Jacob Quikel, 89, Eastman Hospital, strangulated hernia. Frauds V. McManus, 83, 2046 Central, cerebral hemorrhage. John Stevens Colgate. 77, English Hotel, uremia. Cora E. Nicholas, 60, Methodist Hospital, biliary calculi. Cortez wT Cline, 88, Methodist Hospital, tfibercular meningitis. Robert Henry Lacy, 2, city hospital, diphtheria. William H. Harris, 85. 224 E. Morris, arteric scleroslß. Hayden M. Watts. 57, 1119 Eugene, general septicaemia. Reuben Cline, 64. Methodist Hospital, cholangitis. Mead Atwater Kelsey 82. St. Vincent Hospital, meningitis. Susan Jones. 01. 947 Camp, chronic myocarditis. Anna Bailey, 49. 918 N. Elder, pulmonary tuberculosis. Marguerite Josephine Harper 44, 810 E. St. Joseph, pulmonary tuberculosis. Lena Sophia Atherton, 53, 002 N. Linwood, chronic myocarditis. Letita E. Dcmaree, 08, 1217 N. La Balia, cerebro hemorrhage. Charles Spenny. 02. 38 W. St. Clair, uremia. Elizabeth Mellenger 85, city hospital, sarcoma. Sylvester Latimore, 23, 2037 Highland Pllobar pneumonia. Lena Marley, 63, 1037 9. Alabama, mitral insufficiency. Earthquakes are believed to be due to fracture caused by the breakage of the earth’s substance under a growing strain. The distance of the stars from the earth is no great ttujt Its determtn ition perhaps the most difficult prob'.eto of astronomy.
M’Lean Says Fall Urged Lie (Continued From Page 1) if Albert was sick and wanted to see me I would come if it was absolutely necessary. Then she called again and I left the ne.rt day for Atlantic City. “I went in a private car, but there was no secrecy about the trip. When 1 got there .Mrs. Fall told me the secretary had had a terrible night and could not be disturbed. I told her 1 had to leave for Palm Beach and could not wait long. In about twenty minutes Alr. Fall came in. He was wearing a red wrapper and it did not take a doctor to tell that he was a sick man,” said McLean. Admits Embarrassing Position. “Fall said ‘Ned, you remember our check transactions of several years ago?’ he asked me if I would say 1 loaned it to him in cash. He said it had nothing to do with Sinclair or Teapot Dome. ‘l’m in an embarrassing position and my enemies are making the most of it,’ he said.
“They (the committee) are barking up the wrong tree. It Is not conI’tcted with Teapot Dome." “You told us those checks were drawn on Washington banks and we have found you didn't have that much money in the banks.” "I could easily have raised the SIOO,OOO. I had collateral worth $l4O, 000 in the safety deposit vault at that time and the lianks would not have refused payment.” "Did you tell Fall you did’nt have the funds?” “No sir.” "Then why did you make arrangements to have him call you up before he presented the checks.” "I don't know. I’m not sure I did ask him to do it.” "Why should Fall say he would call you up before he cashed the checks?" Not Casual Ix>an “It was not a casual loan Senator." "What were those papers put in the safe deposit vault by your agent Duckstein?” “Here is one of them,” McLean said tossing it over. "This is the prospectus of the ranch proposition in New Mexico Fall was attempting to interest you in,” Walsh said. "He wanted to go into partnership with you?” "Yes, sir.” ‘Are we to understand you went to the trouble of hiring a safe deposit box for this?” Walsh asked. Six Boxes if Necessary “You bet, I’d have hired six boxes for anything connected with this,” said McLean. "If you had exercised foresight by keeping the check stubs you would have been better off, wouldn't you?" "If I had exercised any foreslgnt at al! I wouldn’t be mixed up in this at all. I would be further away from here than that ranch is." McLean said the other papers in the box were "purely personal” and had nothing to do with Teapot Dome. "When did you become special agent of the department of justice?" he was asked. "I think It was in April, 1922.” “What service have you rendered?” Only Wanted Badge "None to speak of. The only thing was if you had a badge on a presidential trip you could get through police lines.” “The real reason then was to gix r e you access to the President?" "Yes.”
MINISTER POINTS OUT WORLD’S SIN Dr, Long Says God Consciousness Lacking, “The great sin of the world today is the want of God consciousness," Dr. George Long of Quincy, 111., said in his noonday sermon today at Christ Episcopal Church. “If we would bo Christians,” he said, “there Is placed upon us the necessity of being separate from certain things. There must be a distinct marking off of church life from the other life. Christ demands a clean city. Christ comes into your body to cleanse it- We all are co-workers with God. "God means for us to be intensely happy in this world. Sin cuts us off from God. God is around us, in our homes and in our business. It is for us to recognize Him.’’ INFLUENZA PASSES PEAK Only Nine Caaen Under Observation In Indiana. Influenza has passed Its peak in Iridiana. Dr. W. F. King, secretary, State board of health, stated today. Fifty cases were reported by county officials for the week ending Feb. 2, while only nine cases no ware under observation. "Influenza still is alive In the State,” said Dr. King.. “Every infected person should be isolated. Persons having colds should stay away from crowds and keep their body functions normal, if the disease Is to be successfully combatted.” BETTER BABY MEETING Two Weeks’ Crusade for Child eHaltli May Be Held in CSty. Dr. Ada E. Schweitzer, director of the infant and child hygiene, State board of health, conferred today with Dr. Herman Morgan, city board of health, on plans for a two weeks' crusade for better babies in Indianapolis. The city will be blocked into health wards and conferences held in places not already reached by the city child hygiene division. Paul Kirby, oitJT child hygiene director, will assist. ‘MEANEST MAN’ SOUGHT Blind Newsboy’s Cash Box Is lAoted Daily. Thomas McGraw, 1338 W. ThirtyThird St., blind newsman at Illinois and Ohio Sts., told police today some one is stealing his money every day between 2 and 3 p. m. Police are watching fer the "meanest man.”
“You didn’t neeu a code for that?” “No. I got the code and a little badge at the same time." "You still hold that position?” "Yes.” “We need a little help in deciphering these telegrams,” Walsh said. Walsh read the telegram saying McLean’s leased wire would give “easy and quick access to the White House.” "Why did you want access to the White House?” Explains Leased Wire "I didn’t. There have been so many mistakes about that wire I'd like to explain. Mr. Wiley, who is editor of the Cincinnati Enquirer, had a boy that was very ill and I wanted to take him to Palm Beach. With both of us away from my two papers, it was an absolutely impossible situation. We had to put ir> the leased wire. We had discussed it in November before any of this oil matter came up. It had nothing to do with the White House." Prior to examining McLean, the committee put P. E. McKenna, doorkeeper at the White House executive offices; E. W. Starling, White House Secret Service man, and E. W. Smithers. White House telegrapher, on the stand to explain telegrams they sent to McLean at Palm Beach. McKenna told the committee he had wired McLean C. Bascom Slemp, the President’ ssecretary, was leaving for Florida because McLean had asked him to and Slemp had given his consent. Starling explained that messages before himself and McLean concerned employment of a man named “Wilkins” as guard for McLean’s young son. Operator Is Called Smithers, who operated McLeon’s private wire between Washington and Palm Beach, told the committee he had asked for the position to earn some extra money and that his duties were exclusively eonhned to transmitting the messages and news digests that were sent over the private wire. Chairman Ladd read a telegram from R. M. Stewart, president of the Standard Oil Company of Indiana, denying that he had ever attended any conferences at Fall’s New Mexico ranch. Lenroot Resigns Senator Lnroot, Wisconsin, late Tuesday resigned his post as chairman of the oil committee on a plea of ill-health. His retirement was taken as significant in view of alleged secret conferences the chairman had with Senator Smoot, another member of the committtee, and A. B. Fall before the latter testified as to his SIOO,OOO <ioan. Senator Ladd, ranking member of the committee, will succeed Lenroot. I>add is a Republican identified with the La Follette group. STEWART WIRES DENIAL Standard Oil Officials Says He Did Not Attend Fall Conference. Bv United Pren CHICAGO, March 12.—C01. Robert W. Stewart, chairman of the board of directors of the Standard Oil Company of Indiana, has telegraphed the Senate Teapot Dome Committee a denial he attended a conference at the New Mexico ranch of Albert B. Fall, former secretary of the Interior in 1921. Stewart's name was mentioned Tuesday in connection with a conference in which Harry F. Sinclair. Col. J. W. Zevely, Sinclair's personal attorney. Fall and Stewart were supposed to have participated at the rench. "I never was In Three Rivers, N. M., at any time during 1921,” Stewart’s statement said in part.
‘a b n u d y liberty bonds N rJ* SELL 415 LEMC'KB BUILDING IOUU
Industrial and Agricultural Growth Indiana’s prosperity is well founded, for the industrial and agricultural growth of any commonwealth is the real basis for its prosperity. The subsidiaries of the Central Indiana Power Company now serve 127 A growing industrial and agricultural tj 1 • communities in this great state, furrlOOSlßT nishing dailv essential services in the Investment domestic, commercial and industrial life in communities having a population of .900,000 people. An investment in our 7% cumulative preferred shares is, therefore, an investment founded upon the present tprosperity and further development of your own home town and state. Write, phone or call at any of our Than offices for further information regarding this 7V2 c /o investment opportunity. Shares are $92.50 each, for \/cfi7r\ cash or raonth ly payments. ' “ INVESTMENT DEPARTMENT on Your Savings Central Indiana Power jh Company Merchants Heat nnil Light Company Northern Indiana Power Company Wabash Valley Electric Companj * yTiT-- Valparaiso Lighting Company asi Indiana Electric Corporation A Hoosier Institution
CROP RESERVES IN INDIANA INCREASE DURING PAST YEAR Value of Lands Shows Decrease, Cooperative Report Shows, Total reserves of all crops held by Indiana rmers on March 1 showed a considerable inerease over last year, the hay crop excepted, a report Issued by the ccfoperative crop reporting service made public tooay revealed. Reserves of (jora, were 41 per cent of the 1923 crop and amounted to 78,972,000 bushels, compared with 70,522,000 bushejs in 1923 and 76,432,000 bushels in 1922. The higher reserves this year are due principally to farmers holding for better prices and because the quality of the crop is below the average. Wheat Reserves Increase Wheat reserves were 18 per cent of last year’s crop and amount to 6,165,000 bushels, compared with 4,628,000 bushels last year and 4.113,000 bushels In 1922. The quality of the crop was hardjy up to average because of rainy weather at thrashing time. The growing crop seems to be very spotted at this time. Much damage has been done by freezing and thawing weather in the southern part of the State and by ice covering low spots in the northern part. Reports from other sections of the winter ■wheat belts show plants to be in very poor condition. Oats Show Increase Reserves of oats were 28 per cent of last year’s production and amounted to 13,634,000 bushels, compared with 8,223,000 bushels last year and 17,896,000 bushels in 1922. In many localities, the quality of last year’s crop ws6r not up to average, because of continuous and heavy rains at thrashing time. Reserves of barjey were 13 per cent of last year’s production and amount to 83,000 bushels, compared vrith 61,000 bushels last year and 284,000 bushels in 1922. Much of last year’s crop was of poor quality. Rye reserx'es were IT per cent of last year’s production and amount to 712,000 bushels. The reserves of all hay on Indiana farms March 1 -were 29 per cent of last year’s production and amount to 803,000 tons, compared with 1,295,000 tons for last year. Land Values Lower Land values in Indiana, compared with last year show a decline of approximately $7 per acre for land with improvements and $6 per acre for land without improvements. The average value per acre of Indiana farms renting for cash In 1923 was S9O and the rental $6 per acre. The average value of plow lands was $94 per acre and the rental $7 per acre. Pasture lands were valued at $64 per acre and the rental $3.75 per acre. Building Permits C W Deerburg. addition, 836 S. Noble. S2OO. M. W. Bain, double. 2808 Burton. 51.800. Wilma Christian, garage. 1020 N. Delaware. 5300. George C. Bryant, remodel. 220 E. For-ty-Filth, 51.400. J E Dupree, addition. 815 W. Pratt. 51.825. Mltrhe.il Hurt, reroof. 1628 Cruft. 5200. George Short, addition. 318 S. Warman 5275. Henry A. Allfle, garage, 330 S. Warman. **"charles W. Look, reroof, 1105 Newman. *~Anna Finch. 1175 W. Twenty-Ninth. $260 G. H. Glendenning, reroof, 4070 Cornelius, *~K. L. Shoemaker, double. 2337 N. LaSalle. 56.300. „ . T. E. Regers, gae tanks, 3115 W. Washinf ton, >SOO. John A. Victor, dwelling. 41S Lafayette. >5.000. H J. Thompson, furnace, 50 Pleasant, >250. H. J. Thompson, dwelling:. 50 Pleasant. >7.150. Otto O Kell a me, parade, 254 N. Tremont. Frank Denxis. gar ago 129 S. Davidson. >3OO. j. F. Pnrmody. building. 347 W. Washington. >26,800. G. R. Konney, remodel. 24 N. Pennsylvania. >2.500. B. F. Neiman, reroof, 2438 N. Delaware. Charles Oherting. garage. 1134 E. Kelly, S2OO. Pearl Sanders, double. 1333 N. Tuxedo. $8,700. , „ Pearl Sanders, furnaces. 1333 N. Tuxedo, **o° L. Chambers, garags, 2005 Hoyt, $265.
11
