Indianapolis Times, Volume 35, Number 272, Indianapolis, Marion County, 27 March 1924 — Page 11
THURSDAY, MARCH 27, 1924
39 LEGAL. NOTICES INDIANA WORLD WAR MEMORIAL NOTICE TO BIDDERS (a) Sealed proposals will be received at the office of trustees of the Indiana World War Memorial, the Cha-fant, northwest corner of Pennsylvania and Michigan Sts., Indianapolis. Ind.. until 12 noon. May 15. 1924. ior furnishing of materials and labor necessary for the construction of building "B" of the Indiana World War Memorial structures at southeast corner of Meridian and St. Clair Sts.. Indianapolis. Ind.. all as per contract documents, plans and specifications prepared by Walker & Weeks, architects. 1900 Euclid Ave.. Cleveland. Ohio, and approved and adopted by said trustees. (b) The plans. specifications, contract form (In the farm that will be required to be signed by thC successful bidder! and proposal form are on file and can be seen at the offices of the trustees and of the architects. Copies of the plans and specifications may be obtained at the office of the trustees or from the architects upon deposit of twenty-five ($25.00) dollars, which deposit will be refunded when the plans and specifications are returned. All deposit checks shall be certified and made payable to Walker & Weeks (C( All proposals shall be made and submitted on specia. proposal forms furnished by the architects, and strictly as required therein, enclosed in a sealed envelope, endorsed with the name of the work to which it refers and addressed to "Trustees of the Indiana World War Memorial, the Chalfant. northwest corner of Pennsylvania and Michigan Sts.. Indianapolis Ind.” (df Each proposal shall be accompanied by an approved surety company s bond or a certified check made payable to Trustees of the Indiana World War Memorial in an amount equal to ten per cent ilo‘>) of the bid or proposal tendered: such bond to be payahle without any relief whatever from valuation and appraisement laws of the State of Indiana. The trustees to have the right to hold and retain all certified checks and guarantee bonds submitted until an award is made and a contract Is entered into or until all bids have been rejected. If for any reason whatever the successful bidder fails to enter into a contract within ten (10) days after the award is made, then such osrtified check shall be forfeited to and retained by Trustees of the Indiana World War Memorial as and for liquidated damages sustained by reason of the failure of the bidder to enter into such contract and if such bid is accompanied by a sure tv company s proposal guarantee botiu tnen and In that event Trustees of the Indiana World War Memorial shall have a right to recover as and for liquidated damages the full amount of the penalty of such bond, together with interest at the rate of six per cent per annum and attorney’s ft-a. In either case. Trustees of the Indiana World War Memorial reserve the right to let the contract to any other of sa:d b'daers whose bid may be deemed by sa*d trustees to be the next lowest and beet bid or may reject all other bids and readverlise as they may deem best (e) Each proposal shall have the amounts written with ink or typewriter in words and figures. Each bidder shall state the time, not exceeding twelve (121 months within 'which he agrees to complete the work comprised in this contract. (f) The time set for completion of the work by the bidders will be considered in determining the successful bidder. (g) Upon the acceptance of any proposal, and the award of the coutract the bidder to whom the award is made will be required within ten (10) days to enter into the contract and to give an approved Surety Bond in the form and in the amount and upon conditolns as prescribed in the General Condltons of the specifications on file at the offices of the trustees and of the architects (h) Each proposal shall be properly signed with the full name of the person, firm or corporation submitting the same. (I) Each bidder shall file with his bid an affidavit that such bidder has not directly or indirectly entered into any combination, undertaking. collusion or agreement with any other bidder or pros -ctive bidder to maintain the price of any work or contract, or to prevent any other bidder from bidding, or to Induce any btdd r to refrain from bidding or. any contract work, and teat such bid is made without regard or reference to any other bid. and without any agreement of understanding or combination, either directly or Indirectly, with any other person with reference to such bidding in any manner whatsoever. (J) The trustees reserve the right to reject any and ad- proposals TRUSTEES OF THE INDIANA WORLD WAR MEMORIAL. MARCUS 8. SONNTAG President. PAUL COMSTOCK Secretary. <arch 13 20 2~-A nr; I 1 10 1~ : 4-Mv 1.
State of Indiana. Marlon County sa: In the Superior Court of Marion County, in the State of Indiana. No. A-25225. Room 2. Complaint to foreclose improvement lien. Edward Lewis vs. Mary E. Simpson et al Be It known that on the 12to day of March 1924. the above named plaintiff b.v his attorneys filed in the offi-m of th< Clerk of the Superior Court of Marion County, in the State of Indiana, his complaint against the above named defendant. Mary E. Simpson et al and the ,id nlaimiff having also filed in said Clerk's office the affivadit of a competent person, showing that said defender' M-v K Simpson. Simpson, whose Christian name is unknown, husband or widower of Mary E. Simpson: the unknown hc.r- devisees, legal representatives and next of kin Mary E. Simpson dec-ased. are nonresidents of the State of Indiana, and that said cause of action is lor for-closure of street improvement lien, and that the defendant Mary E Simpson et a!, are necessary parties thereto, and whereas said plaintiff having by endorsement on said complaint required said defendant to appear in said Court, and answer or demur thereto on the 10th day of Mav. 1924 Xow therefore, by order of said Court, said defendant iast above named are hereby notified of the filing and pendency of said complaint against them and that, unless they appear and answer or d"mur thereto at the calling of sard cause on the 10th dav of May. 1924 the same being the sth Judicial day of a term of said Court to be begun and held at the courthouse in the city of Indianapolis on the first Monday in May. 1924 said complaint and matters and things therpin contained and alleged, will be heard and determined in their absence. ALBERT H LOSCHE. Clerk. ROBERT M. THOMSON* Attorney for Plaintiff. March 18, 20. 27. NOTICE Indianapolis. March 6 1924 Notice Is hereby given that the undersigned. executrix of the last will of Pnieila Fortner, deceas-d. pursuant to the provisions of said will, will offer for sale on March 29. 1924 at the office u s Clarke i- Clarke. No. 730-735 Bankers Trust building Indianapolis Ind.. for not less than the full appraised value thereof, the following described real estate, to-wit' - Part of the east %. southwest %, section 15, and part of the east %. northwest 14, section 22. township 15. range 2 east, described as follows: Beginning in the center of the National road at a point 281.8 ft. measured along the center of said road eastwardly from the west line of the east % southwest % of said section 15: thence couth parallel with the west line of said half quarter section 819 ft into section 22 to the north line of the right-of-way of the Terre Haute & Indianapolis Railroad: thence northwestwardly with said right-of-way line 274 25-100 ft more or less, to the west line of said half quarter section; thence north along said west line 798 ft. to the center of the National road: thence running wrlth the center of said road north 69 degrees east 281 8-10 ft. to the place of beginning, containing 5 acres, more or lees. If said real estate is not sold on said date, the undersigned will continue, from day to day thereafter, to offer said real estate for sale until the same shall have been sold. Said real estate will be sold free and clear of all encumbrances exc-pt all unpaid taxes. ALTTA WELLS. Executrix. CLARKE A CLARKE. Attorneys. March 6. 13. 20 27 NOTICE TO CONTRACTOR State of Indiana. Hancock County. s: In the Hancock Circuit Court. In the matter of the petition of Worth E. Woodward et al. for the clen ing out and regatr of a certain dredge dram, known as uck Creek. Notice is hereby given that sealed bids will be received at the office of the county surveyor, room 1. courthouse. Greenfield Ind.. until 3 o'clock p. m. April 1(1 1924. for the construction of the drain established in said cause. The work to be done according to the plans and specifications and profile therefor now on file In said office. A bond or certified check in the sum of five hundred dollars i $500,001 made payable to the superintendent of construction shall accompany each bid as a guarantee that the successful bidder will give bond in the amount required and enter into a contract for the performances of the work in case the contract is awarded him. The right Is reserved to reject any one or all bids. ALVIN G. MILLER. Superintendent of Construction. March 27-April 3. NOTICE OF APPOINTMENT* Notice is hereby given that the undersigned has duly qualified as executrix of the estate of Lei a Alice Young, deceased, late of Marion County, Indiana. Said estate is supposed to be solvent. No. 22212. MIRIAM A. Y’OUNG. March 27. April 3-10. ' NO’TICE OF APPOINTMENT. Notiae Is hereby given that the undersigned has duly qualified as administrator of the estate of George R Stull, deceased, late of Marion County. Indiana. Said estate '.s supposed to be solvent. No. 22214. EARL S MA-ZE. March 27, April 3-10. Mayor Withdraws From Race By United Preng GOSHEN, March 27.—Mayor George H. Ritripler todan announced his withdrawal from the race for the Democratic nomination for secretary of State. Mayor Rimpler found, he was ineligible for the candidacy under an Indiana statute which prohibits judicial officers from seeking other office. The mayor la also city Judge.
LEADERS RENDER BETTER ACCOUNT OF THEMSELVES 1 ; Professional Attempts to Force Further Decline Fall Flat, CAN AND STEEL REBOUND Bears Find List Unresponsive to Their Drives on Special Stocks, The WALL STREET JOURNAL NEW YORK, March 27.—Stocks j g-ave evidence of a greatly Improved technical position in the early dealings today, leading industrial Issues i rallying from the start of trading. .American Can, in which neavy professional selling proceeded all through ! Wednesday's session, came back sharply to 105 Is, a recovery of nearly two points from the previous close. Steel common 'rebounded to 991* against Wednesday’s low of 98 and other speculative favorites rallied in proportion. Overnight news was of a mixed character so it was evident j that the improvement in the general | list was clearly due to internal conditions created by the over-crowded short Interest. First Hour Stocks continued to give a better account of themselves through the ! first hour. Professional attempts to I renew the decline through drives on I individual stocks like Baldwin and Chandler found the general Jist urj responsive. Wall Street was convinced that the recent pessimism had been overdone, especially in view of | the more favorable character of the Washington news. George F. Baker, chairman of the First National Bank j of New York. Is on his way tt New York from Jekyll Island. This is In--1 teresting news to Wall FStreet. Mr. i Baker has been optimistic and his : friends declare he has not changed his views in the least.
Second Hour Some disturbance was created in the | late morning by an outburst of selling lin the silk stocks, reflecting perslsi tent weakness of the raw silk market, I Van Raalte broke four points to 18 and MaHinson reached anew low on the movement at IS I*. 1 *. Cnsettlement in this group afforded the professionals an opportunity to strike industrial leaders and Baldwin was depressed 1 ’-2 from its early high of 1173*. - Nothing like the heavy selling of the two preceding sessions reappeared. Numerous issues gave indications of inside buying, one of which was Wrlgley. Noon Hour Professionals plied their trade in the noon dealings, but with rather indifferent success as the main body of stocks stubbornly refused to yield sufficent ground to render their efforts profitable. Some individual stocks in vulnerable position were singled out and depressed slightly, but the general list could not be shaken. However, little or no progress was made on the upside, as the support from the aggressive element seemed held in reserve against any emergency and not available for bullish demonstrations. Fourth Hour Increasing steadiness marked the action of the principal stocks in the early afternoon. Bearish professionals found they were making no further headway against issues recently under pressure so they turned their attention to Corn Products which was considered near enough to the year's high to make it vulnerable now that the split up of its .capital has been approved by the stockholders, forcing a slight recession In that Sleek. Twenty active industrial stocks on Wednesday averaged 93.67, off .45 per cent. Twenty active rails averaged 81.40, up .02 per cent. Local Bank Clearings Indianapolis bank qlenrings Thursday were 52,275,000; bank debits were $4,912.000. Foreign Exchange By United Financial NEW Y'ORK. March 27.—Foreign exchange opened higher. Sterling, demand. $4 29 % : cables. 5t.29%. Franca, demand. 5.45 Ho; cables. 5 46c, Lire, demand. 4.34 c: cable*. 4.34 He. Belgium, demand. 4 32c: cables. 4.82 He. Marks. 4 600,000,000..000 to tho dollar. Czeeho, demand. 2.90 c: cables. 2.90 He- Swiss, demand. 1 17 29c; cables. 17.31 c. Guilders, demand. 36.97 c: cables. 37.00 c. Pesetas, demand. 13.04 c; cables, 13 06c. Sweden, demand, 26.49 c: cables. 26.53 c. Norway, demand, 13.63’c; cables. 1.3.67 c. Denmark, demand. 15.81 c: cables. 15.85 c. Business News NEW YORK. March 27.—-The first thirty class 1 railroads to report for February show net operating Income of $35,042,000, against $21,321,000 the year befere, an increase ol 04 per cent. Gross was 5249.488 000. against $232,057,000 In February. 1923. an increase of 7.20 per cent YOUNGSTOWN— I>. the past two weeks heavy melting steel scraps have dropped S3 a ton. Dealers and melting interests an* buying cautiously, as they do not wish to be caught with heavy stocks on a declining market. NEW YORK—Reflecting the continued decrease in freight traffic for the last two weeks, the number of surplus freight cars has been steadily increasing, while tho car shortage has been materirlly reduced. On March 14 there were 175.002 surplus freight cars In good repair and Immediately available for service, while the short ago only amounted to 004 cars. Since March 5. the surplus had increased by 30,570 care, and the shortage decreased by 1.397 cars. NEW YORK —Eighteen executives and representative's of the leading American and British oil companies with properties in Mexico conferred Wednesday at the offices of the Association -of Producers of Petroleum in Mexico to discuss ways and means of meeting the situation which has developed in Mexico as a result of strikers seizing the properties of the Mexican Eagle Oil Company. Ltd. What actually was discussed was not made public, but it was undrestood that the executives made plans to take concerted action. According to Cables received by companies -affected by the activities of the radical labor element in Mexico, the civil and military authorities hare doue nothing to prevent. the strikers (rent lading contro! of the plant,.
New York Stocks
Railroads— At 11:45 Prev. High. Low. a. m, close. At Coast L. 118 4* 118 118% 117% B. & 0 55 H 55 64% C. & O 73% 7314 73% 78% Dela. & Lack 119% 117 118 Gt. Nor. pfd 55% .... 55% 54% Lehigh Val.. 69% .... 69% 68% Mo Pac pfd.. 37% 37% 36% N Y Central 101% .... 100% 100% Nor Pacific.. 49% 48% 49 48% Nor & West 129% 127% 127% 128% Pennsylvania. 43 % 43 % 43 % 43 % Reading ... 54 % ... 54 % 64 % So. Railway.. 54 % 54 % 54 % 54 % So Pacific.. 86 85% 86 85% St Paul pfd 27% 26% 27% 20 St L & S W. 38% ... 38% 37% Union Pac.. 1.28% ... 128% 128% Wabash pfd.. 45% 44% 45 44% Rubbers— Kelly-Spg 16% 16% 16% 10% U S. Rub... 31% .30% 30% Equipments— Am Loco 72 72 72 % Bad! Loco. 317% 116% 116% 116% Gen. Electric 224% .... 221 % 222% X-ima L0c0... 68 .... 62 % 62 % Pullman 115% ... 11514 114% West Elec. .. 60% 60% 60% 60% Steels—■ Bethlehem... 52% 52 52% 62 Colorado F... 32 31% 31% .31% Crucible .... 57 .... 56 % 66 % Gulf States,. 70% ... 75% 75% R. I. & Steel 48% 47% 48% 47% U. S. Steel.. 99% 98% 99 98% Minings— Gt Nor Ore. . 30% 30% 30% Coppers— Anaconda .32 32 .'it % Kennecott.. .. 33% . ..., 32% 35 Vs Motors— Am Bosch... 27 26 27 26 Chandler M.. 49% 48% 48% 48% Gen Motors . 141 -j 14% 14% 14% Max Mot (A) 46 45 , 45% 44% Max Mot (B) 12 . .12 11%
PORKERS REGAIN EARLY WEEK LOSS Advance of 10 to 15 Cents Is Scored Locally. Hog Prices Day by Day Mar. 250 300 lbs. 200-275 lbs. 150-180 lbs. 21. 7.85 7.85 7.85 22. 7.75 7.75 7.75 24. 7.803 785 7.803 7.85 7 80® 785 25. 7.60 7.60 760 26 7.603 7.65 7.603 765 7 60® 765 27. 7.76 7.763 7.80 7.753 7.80 Hop prices regained practically all the early week's loss In trading at the local livestock market today as the result of a good demand from shippers and light local receipts of 7.000 head, irtclusivo of 438 holdovers. The advance was generally 10 to 15 cents, though the top paid for a short load of Yorkshires at $7.85 was 20 cents higher than Wednesday’s top of $7.65. Trading opened on a $7.75 basis for all weights and classes, hut shippers soon were paying $7.80 to fill their requirements. The bulk of business, however, was transacted at the opening price of $7.75 at which packers bought their supplies and at which figure a good measure of the shipper bus.ness was done. Sows reflected '.he general Increase by advancing about a quarter at $7 down for smooth kinds and pigs were strong to higher at $7.50 for average kinds and $7.60 for choice kinds. About 100 head of 400pound fancy hogs sold to Kingan & Cos. a' $7.50, a price regarded ns fancy for hogs of this weight. Shippers took the bulk of the days’ receipts, Kingan & Cos., the largest buyer, having gotten no more than 1,000 head. A slightly weaker feeling prevailed in the cattle department and prices tended slightly lower on most grades, due to a weak close In Chicago Wednesday and a somewhat apathetic disposition of local buyers who obtained heavy supplies on the early week market. About 900 head arrived at the yards and a clearance was effected only* with some difficulty. Activity and strength at generally steady prices the calf market. in which choice veals commanded a top of $12.50, with odd fancies selling up to sl3. while the bulk sold from sl2 to $12.50. Receipts, 1,000. Native-fed lambs at $15.50 down and sheep at $lO down were regarded as steady. Receipts, 200. —Hog*— Choice lights $ 7.75 3 780 Light mixed 7.75 <3 7.80 Medium mixed 7.75® 7.80 Heavyweights 7.75 Top 7.75 'Packing sows ’. .. . 6.25® 6.75 ptjj 9 ' T. 003 7.60 —Cottle— Pr.me corn-fed steers, 1.000 to 1 800 lbs f [email protected] Good to choice eteers, I.OOC to J.ldo lbs 8.60® 9.00 Good to choice steers, 1,000 to 1,200 lbs 7.00® 750 Good to choice steers, 1,000 to 1.700 lbs. 6.05® 7.80 Common to medium steers, 800 to 1.000 lbs 6.00@ 7.00 —Cows and Heifers— Good to light heifers $ 6.00 @ 9.50 Good heavyweight 7.86@ 8.00 Medium heifers B.oo® 7.00 Common cows 3.00® 6.00 Fair cows 0.003 7 25 Cutters 2.75@ 3.25 Camera 2.26 3 3.75 —Bull*— Fancy butcher trails $ 6.00® 6.00 Good to choice butcher bulla. 5.00@ 5.50 Bologna bulls 4.26 @ 4.75 —Calves— Choice veals sll.oo® 12.60 Good veals 10.00® 11.00 Lightweight veals 7.00® 8.00 Common heavies s.o(>@ 7.00 Top 12.50 —Sheep and Ismhn— Extra choice lambs $14.00015.50 Heavy lambs 10.00® 13.00 Cull lambs o.oo® 9.00 Good to choice ewes. .>.... [email protected] Culls 300® 600 Other Livestock CHICAGO. March 37.—Cattle—Receipts, 9.000: better grade beef steers, yearlings and fat she-stock. strong, unevenly higher, other classes around steady; partly matured steers, early $11.75 full load. $11.05; lower grades cows and heifers steady: bulk eanners and cutters, $2.86 @ 3.75: vealers steady to 26c up: strong weights to packers, early slo(ft 10 50; light weights. $8.503 9 50: stookers and feeders steady. Sheep—Receipts. 12.000: fairly active; killing classes around steady; feeding and shearing lambs strong, early bulk fat wooled lambs. $16316.40: top. $10.50: choice clipped lambs, early $14.35® 14.50 bulk fat ewes, early sll3 11.50; choice shearing lambs, early 15.85. Hogs—Receipts, 27,000: market, moderately active, 10c up; top, $7.50; bulk. $7.20® 7.50; heavyweight. $7.203745: mediumweight. $7.30 @7.SO: lightweights. $7.25®) 7.50; light lights, $0.35 ® 7 45; packing sows, smooth. $0.75® 0.90: packing sows, rouj-h, [email protected]; slaughter pigs. ss® CINCINNATI. March 27.—Cattle—Receipts. 550: market, steady: steers, good to choice, $7 50® 9-50. Calves—Market, steady: good to choice, [email protected]. Hogs —Receipts 5,000: market. 10@l5c higher; good to choice packers and butchers SB. Sheep—Receipts. 400 market, steady; good to choice. s7@9. Lambs —Market, weak; good to choice. $15.50 @lO. CLEVELAND. March 27.—Hogs Receipts. 6,000; market slow: Yorkers. $7.90; mixed, $7.90; medium. $7.90; pigs, $7.25; roughs, $6.25: steers. Si.6o. Cattle—Receipts. 200; market steady .unchanged. Sheep and lambs—Receipts. 1.000; market slow; top. sl4 Calves—Receipts, 200; market 59c lower: top. $13.50. KTTSBURGH. March 27.—Cattle—Receipts. light: market, steady: choice, $0.05® 10.25; good. $8.75 @9.50: fair. $7 @ 7.75: vea lealves, sl3® 13.50. Sheep and lambs— Receipt, 5 double deckers; market, steady; prime wethers. slo® 10.75: good. $9 @10: fair mixed. $7®8.50 lambs, s7® 14. Hogs —Receipts 25 double deckers; market, fiyufeviaa assi .rs
(By Thomas A McKinnon) —March 27
Prev. High. Low 12:46. close. Sttidebaker... 94 % 92 % 92 % 93 % Stewart-W. . . 78% .... 78 93% Timken .... 35% 85% 35% 35% Willys-Over .. 11 .... 10% 10% Oils— Cal Petrol.... 25% 24% 26 24% Cosden 35% 35 85% 34% Houston Oil.. 71 70% 71 89% Marl and Oil.. 37% 37 37% 37 P-Am Pete. .48 47 % 47 % P-Am P (B) 40% 45% 45% 45% Pacific 0i1... 61 % 50% 51 59% Pro & Ref.. 31% .. . 30% 30Vi S Oil of Cal. 81% 01% 61% 01 S Oil of N J.. 37 ... . 37 37 Industrials—Allied Chem.. 65% .... 05% 65% American 0. .106% 104% 104% 104% Am Woolen.. 70% 69% 70 70 Cent Leather 14 ... 14 13 % Coca-C01a.... 64% ... 64% 04% Cont Can. .... 47 % ... 47 % 47 % Davison Chem 54 51 % 62 63 Vi Fam Players. 05% 64% 05 05 Gen. Asphalt. 39% 38% 39% 38% Mont Ward. . 25% ... 25 24% Sears-Roe buck ,85 82 % ' 82 % -85 % USC Iron P 77% 76% 70% 70% TT S Ind Aloo 67% 00% 06% 05 Vi Utilities— Am T and T. 127% ... 127% 128 Consolt Gas.. 61% ... 01% 61% Columbia Gas 33% 33% 33% 33% Shipping— Am Int Corp 18% ... 18% 18% I tit M M ptd 27 ... 26% 26% Foods— Am Sugar. . . 51 % 51 % 51 % 50% Am B Sugar 43 43 42 42% C C Sug ptd 65% 65 66% 65% Punta Algre. 64% 63% 63% 03% Tobacco*— Am-Sumatra. 11% ... 11% 11% Tob Prod B. 65% 55% 55% 55%
ers $7.75@8; pigs, $7.75@8, rough, s3® 0.50: stags $3 @4 EAST ST. LOUIS. March 27—Cattle— Receipts. 1,600: market steady; native beet steers. 510 up; yearlings and heifers, $0.50 @7.50; cows, $4.60®0; eanners and cutters. $2 50® 1.50: calve*. $10.76® 11; stookers and feeders, [email protected]. Hogs— Receipts, 11,000; market 10c to 15e higher; heavies. $7.45® 7.00: mediums. [email protected]; lights, $0.90® 7.05: light lights. $6.25® 7.55: packing sows. $6.25® 6 75: pigs, $5 60® 7: bulk, $7 40® 7.65, Sheep—Receipts. 1,000; market steady to strung; ewes, $7 @11.25; eanners and outers. $2.50 @7: woo! lambs, sl4® 16.50. EAST BUFFALO. March 27 Cattle— Receipts, 175; market fairly active, steady: -hipping steers. $9.50' f 11 : grades, $8.25® 9.25; cows $2.25® 0 26. CalvesReceipts. -150: market slow, steady; culls to choice, ?'!•' 13 50. Sheep and lambs— Receipts 2.s'Mi market slow, steady: choice lamrs, slo® 10 75: cull to tair. $9 60® 15.50: yearlings. $9 50® 15; sheep. s4® 12.76. Hogs—Receipts, 8 000; market slow. 10 (i: 'lor lower; Yorkers. $7.75® 7 90; pigs. [email protected]; mixed. $7.90:, heavy. so@ 0 75; roughs. $4 @5. KANSAS CITY. March 2^.—Cattle—Receipts 2.000: calves. 2.600; better grades of beef steers and yearlings steady to strong: other killing prices generally steady: part load matured steers 510 75: best weighty steers $10.50; yearlings. $10.10: beef cows, $4 [email protected]: dinners and cutters s.l 6.5 til 5 25. top vcgls. $10; stockers and Icedi rs ■ir e. about steady bulk early sales. $0.50 @7.40. Hogs—Receipts, 7.5‘)0; market s 'it 1"C higher: packer and shipper top, $7 20: bulk desirable 10O@30O-!b. average*. $7 10 @7.20; one load to traders. $7.25. packing sow*. 50 15 @6 45 Sheep—Receipts. 20.000: lamb- generally 15c higher to $lO 25 to shippers; other 91-lb kinds to packers. $lO, clippers. sl4 @14.15 sheep steady to 25c higher: fail -horn wethers. sll. iresh shorn arrivals. $9 50. PARK & TILFORD LEADS EARLY CURB DEALINGS Movement In First Quarter-Hour Is Very Restricted. By United Financial N'E WYORK, .March 27.—The movemerit of stocks on the curb market for the first fifteen minutoe today was narrow ond mixed. Ptfr-k & Tliford was one of the most active issues in tho early doallng.-i and the price was lifted to anew high at 30%. \mer.can Light A Traction common. Duhilier Radio Condenser and Radio Corporation common entered the column higher, but Centrifugal Pipe lost % to 28%. The oils were steady. Western Electric Company 20-year 5 per cent gold debenture bonds were admitted to trading. Jordan Motor Oar Company 200,000 shares of common stock no par value were removed from trading and also the Virginian Railway Company first mortgage 6 per cent gold bonds, ser.es A. ~ # Produce Markets INDIANAPOLIS, March 27.—Fresh eggs, lom* off. ISi packing stock butter, 25c; HprtngH, over 2 lb*.. 23c; fowls, 4% lbs. up. 2.3 c: fowls under 4 % lbs., 19o: Leghorn poultry 3 jar cent discount cooks. 14n: Kings, 18c; young tom turkeys. 12 lbs. up, 24c; young hen turkeys, 8 lbs. up. 18c; g'vso. 10 lbs. up. 14c; squab*. 11 lbs. to the do* . $5 50: old guineas, do*., $4.50. IncUrtiapolis .Team ries aru paying 6‘20 per pound for butterfat. CHICAGO. March 27.—Butter—Receipts. 6.213; creamery extra 43 %c; standards, 43c: firsts, 41%@42c. seconds. 40% @ 42c. Eggs—Receipts. 13.850; ordinary' firsts, 19% (il 200 firsts. 21 Si M %o. Chees—Twins. 20® 20 %c: young America*. 21 %o. Poultry—Receipts, none: fowls, 250: clucks. 28o; geese. 10c; turkrys, 26c: springers, 20c; roosters, 17c. Potatoes—Rcr-Mpts. 284 cars; Wisconsin round whites. $1.23® 1.35: Minnesota ami North Dakota Rod Rl-er Chios, [email protected]: Idaho russets. $2 75® 2.85; Wisconsin ruraia, $1.46. CLEVELAND March 27.—Butter—Extra in tubs. 47 @49c; extra first*. 46@48c: firsts. 44 ©46c; packing stock. 25® 30c: standards. 40®48e; prints, lo extra Eggs —Freeh gathered northern extra*. 25c: extra firsts, 24c: Ohio firsts, 230; western first*. 22H0. Poultry—Live fat fowls 27 @28o; springers, 27® 28c: Leghorns. 23 @ 240; roosters, 17®lBe; geese, 21 ® 22c: heavy white •ducks, 28@30o; light colored ducks, 24 @ 2 sc; medium fowls. 25c; turkeys. 28o; stags. 19® 20a. Potatoes—Unchanged. NEW YORK, March 27.—Flour —Quiet and unchanged. Pork—Dull. Mess—s24.7s® 25 75. Lard—Steady: mill-west spot. $11.35® 11 4-5. Sugar—Raw. easier, centrifugal. 6.65 c: refined innotive: granulated. 8.40® 8.00. Coffee—Rio spot. 15 Vi @ls %c: santos No. 4 19® 20c. Tallow— Steady; special to extra. 7%®’7%c. Hay —Quiet; No. 1. sl3: No. 3. sl2 50: No. 4, $lO 50® 13.50. Dressed poultry—Steady: turkeys, 28@46c; chickens. 18@32c; fowds. 18 @ 32c: capons, 28@45c; ducks. Long Island. 26 @ 28o: ducks, 29® 27c. Live poultry—Dull: gecso. 20@21 ; ducks. 15® 30c; fowls, 27© 28a; tur’ uys. 85® 45c; chickens. 37 © 35c: broilers, 50® 53c: capons. 50® 55c. Cheese—Steady state whole milk, common to special, 16@25c; state skims. 12® 19c. all via express: lower grades. 5® 11c. Butter—Weaker; receipts. 8,015; creamery extras. 43 %c; special market. 43% © 44Vic: state dairy tubs. 38® 43c: Danish. 44@45c: Argentines. 38 Vi® 42c. Eggs—Steady; receipts. 32,211; nearby white fancy. 34® 35c nearby state whites, 23® 33c: western whites. 25 @33c; fresh whites. 25® 33c; fresh firsts. 28‘4@!27c: Pcclfic coast. 23% @36 %c; nearby browns, 28® 30c. Raw Sugar Market By United Financial NEW YORK. March 27.—The raw sugar market opened barely steady. May. 4.91 @ 4.92 c; July. 5.01 @ 5.05 c; October 4.97® 4.98 c. Sugar Rcners reduced 10 Joints to 8.43 c a pound and Federal to 8.40 c. National Sugar reduced to 8.500 and American and Arbuclcle Brother# followed. Dressed Beef Prices Wholesale selling prices on dressed beef, Swift & Cos Ribs—No. 2,30 c; No. 1,17 c. Loins—No. 2,25 c; No. 3,18 c. Hounds—--18e: No. 3,10 c. Plates—No. 3,5 - No 8, 70. Cloverseed Market Local dealers are paying $lO @l2 a bushel tor cloverseed. Local Wagon Wheat Indiasnpolts bills and elevators are spaying 07c for No. 2 fed wheat; other grads* ■ganaaUanwMHHai
THE INDIANAPOLIS TIMES
CHICAGO DRAINS OPEN IRREGULAR Wheat Is In Hands of Sellers at Start, By United Financial CHICAGO, March 27.—Grains again opened Irregular on tho local Board of Trade today. Wheat was in the hands of sellers at the start. The market lacking any incentive for buying support. Crop news was favorable and no export business was reported. Liverpool ruled Irregular with holders offering at concessions. The Northwest received additional precipitation over night which is regarded as beneficial. Export business overnight aggregated 300,000 bushels, ail Manitobas. The corn market was erratic and slightly lower due to lack of demand and liberal Argentine shipments. Southwest handlers advise that Western points are full of coni which will begin to move next week. Holders want to sell, but Industries have sufficient supplies for Immediate needs. Oats felt furthef the effects of Canadian competition. Provisions scored an advance in ducod by some buying in Western markets, higher hogs and cables. Chicago Grain Table —March 27 WHEAT— Prev. Open. High. Low. Close, close. May .1.01% 1.01% 1.00% 101% 1.01% July .1.02% 1.03% 1.02% 1.03% 1.03% Sopt. .1.03% 1.04% 1.03% 1.0414 1.04 CORN— May . .70% .77% .75% .75% .77% July . .77% .78% .77 .77% .79 Sept. . .78 .79 .77% .77% .79% OATS— Mav . .45% .46% 45% .45% .47 July. .43% 44% .43% .43% .45 Sept. 41 .41V. .4040 % 41% LARD— May 11.10 11.10 11.00 11.02 11.02 RIBS— Mav 9.50 955 9 50 9 52 9.50 RYE— Mav.. .65% .66 .05% .60 .65 % July.. 07 .07% .67 .07% 07% CHICAGO. March 27.—Car lot receipts: Wheat. 0; com, 82: oats, 32: ryo. none. CHICAGO. March 27—Primary receipts: Wheat. 370.000 against 742.000: corn. 609,000 again® 588.000; oats, 446000 against 735000. Shipment*—Wheat. 437.000 against 528.000 corn. 447,000 against 505,000; oat* 489,000 against 612,090.
CHICAGO. March 27.—Outlook for the new winter wheat crop *o\:thwe*t is favorab)e, aside from tome Ha-van fly damage In sections of Kansas The present pro-
Grain Briefs
As all of these debentures have been subscribed for, this advertisement appears only as a matter of record. $35,000.00 Western Electric Company Incorporated. V Twenty-Year Gold Debenture Bonds To Be Dated April 1, 1924 To Mature April 1. 1944 Interest Payable April 1 and October 1 in New York City. Cou(>on Bonds in Denominations of SI,OOO, SSOO and SIOO, as to Principal, Fully Ifciri.stertHl Bonds in Denominations of SI,OOO, $5,000, and SIO,OOO. CoujKMt and Registered Bonds, and Several Denominations, Intendiangeable. Redeemable, at the Option of the Company, in Whole, But Not in Part, Upon Sixty Days Notice, on April 1, 1934, or Interest Date Thereafter, at the Following Prices, vith Accrued Interest: If or on Prior to October 1, 1940, at 105%>, and If on or Subsequent to April 1,1941/it Par. Th© Seaboard National Bank of the City of New Trustee* Charles 0. Dubois, Esq., chairman of the board of directors and president of the company, has sunt* marizr.d as follows his letter to us stating the particulars in regard to this issue: The proceeds of these debentures are to be used to provide funds for the construction of a manufacturing plant at Kearny, New Jersey, and to provide additional working capital for the company’s increasing volume of business. Hie growt’i of the company’s llustiness Is indicated by the following figures, showing the sales billed and the net Income available for interest cliat'ges (before deducting Federal income and excess profits taxes, but after deducting all other expenses and charges, including adequate amounts for depreciation) during the past eight years t Salas Dll'sd N* Income 1916 1 $106,980,677- $8,302,298 1917 100,340,309- 4,592,867 1918 140,220,119 0,681,047 1919 135,722,489- 6,119,210 1020 200.111,080 8,728,804 1921 189,704,814 10,430.855 1922 210,941,004 9,854,258 1923 255,177,122 11,208,385 Net income available for interest charges In 1923, as stated above, amounted to more than 6.40 times the annual Interest requirements of $1,750,000 on these debentures, which will constitute the sole funded debt of the company. The outstanding Junior securities of tho company consist of $2-1,679,600 7 per cent cumulative preferred stock, and 500,000 shares of common stock without par value. Dividends on the common stock of the company and of its predecessor company, as outstanding from time to time, have been paid at the rate of not less than 38 per share annually since 1886, and at the. rate of $lO per share annually since 1917. Based on the present market price for the preferred stock, and on a valuation of $l5O per share for the common stock, an equity of more than $103,000,000 Junior to these debentures is indicated. The balance sheet of tho company as of March 1, 1924, after giving effect to this financing, show* net assets, after deducting all liabilities except these debentures, In excess of $145,300,000, of which over $105,000,000 consist of net working assets. The Indenture under which these debentures are to be issued to contain a covenant that the company will not hereafter mortgage or pledge any of Its property without securing these debenture* equally and ratably with any other indebtedness secured by such mortgage. THE ABOVE DEBENTURES ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO ISSUE AS PLANNED, AND TO APPROVAL BY COUNSEL OF THE LEGALITY, AT 96i/ 2 % AND ACCRUED INTEREST, TO YIELD OVER 5.25%. . Subscription books will be opened at the office of J. P. Morgan rf* Cos., at 10 o’clock a. m., Thursday, March 27, 1924. The right is reserved to reject any and all applications, and also, in any case, to award a smaller amount that applied for. The amount due on allotments will be payable at the office of J. P. Morgan db Cos., in New York funds, the date of payment to be specified in the notices of allotment, against delivery of interim receipts or temporary debentures, exchangeable for definitive debentures when prepared. /- P. MORGAN & C(K KUHN LOEB & CO. KIDDER. PEABODY & CO. FIRST NATIONAL BANK, Now York THE NATIONAL CITY COMPANY RANKERS TRUST COMPANY. New York GUARANTEE COMPANY OF NEW YORK HARRIS TRUST & SAVINGS BANK LEE, HIGGINSON & CO.. March 27, 1924.
peet is for s largo yield, Vrico Current's weekly resume declared. A reduction of 50,000.000 to 00,000.000 bushels in the exportable surplus of Canadian and United States wneat this year is ' possible, a leading expert believes. No important recovery in wheat prices is regarded likely until some strong incentive to buy is developed. May is regarded as In a particularly weak position. From Aug. 1 to Maxell 4. Rusia shipped 16,960.000 bushels of wheat, as compared with 27,200,000 bushels previously estimated, and 31.120.000 bushels of rye, instead of 20,880,000, Brootnhall reported. Industrial and southwestern demand for corn har greatly diminished. Therefore, light receipts in that section do not figure in the market at present. While some traders argue that corn has not been thorough: a liquidated, close students say there is little pressure and look for heevy buying to continue around 77c for May. BOND PRICES ADVANCE DESPITE HIGHER MONEY St. Paul Issues Touch New Highs for Year—Liberties Steady. By United Financial NEW YORK, March 27.—The bond market in the early trading today disregarded tho money rates and was active with a distinct upward trend. 3t. Paul issues made new highs for the year on top of the sharp upward movement Wednesday. Peoria & Eastern incomes is showed 27H up 1%. French government bonds were ae j rive and generally higher. French Ba, I i'77i up 14, 7%s 94%, unchanged j Mexican 5s certificates 49% up 14 ■ Liberties were steady Industrials i were irregular. American Agricultural I Chemical F.%s 92% off 2%, 5s 95 off ! 'i; magna convertible 7s 115 up 14: Fierce Oil 8s 97 up 2. Tank Wagon Prices (Gasoline prices do not Include State tax of 2c a gallon.) GASOLINE—Energee. 22c a gallon: Purol. i 10.2 c: Red Crown 18 2c; Diamond gas, 18.2 c; Crystal Pep. 21. : Target, 18.2 c; Sil--1 ver Flash. 22c: Standolind aviation. 23c. KEROSENE—Crystaline, 12.7 c a gallon: Moore Light. 15.6 c: Arclite. 12.7 c; Perfection, 12.7 c: Solvent. 35c. NAPTHA—Lion Power Cleaners. 22 6c i gallon: V. M. & P.. 23.5 c; Standolind Cleaner*. 22.5 c. In the Cotton Market By United Financial NEW YORK, March 27.—The cotton market opened steady. May. 20.30 c, off 9; August, 25.35 c, up 5: October. 24c, off 8. New York Money Market By United Financial NEW YORK March 27,—Ca1l money 4% per cent: time money dull and firm at 4 % '(? 4 % per cent; trade generally at 4'j per cent. Commercial paper prtres- names. 4% per cent; other names 4% per cent. NEW YORK—The largest decreases in j ppodii'-llon noted in the crude oil output tot the week ended March 22 were 8.500 barrels daily in California 450 daily in Wyoming and Montana combined ar.d 3.100 Ia day in north Texn Three more than : offset th ■ increases of 0.700 daily in Okla- ! hQtna 6.200 in Arkansas and 1.250 on tlie ‘ gulf co ait.
JAKE HAMON PUT MILLION Hi G. 0. F. (Continued Fro/n Page 1) | you come true?V Spencer asked. “Pretty well.’’ "Did Hamon tell you what he was j going to do as secretary?” Dill asked. "Yes, he said he was going to get ! all the oil lands the Democrats Lad left.” ""Who did Hamon give money to In ! connection with the convention?” "He said he gave $25,000 to DaughI erty> $25,000 to Will Hays, $25,000 to , Penrose and $25,000 to a man named j Manning—or something like that — | from Ohio. Belief Well Founded "Hamon believed that money would [ buy everything. It seems to have ; been pretty well founded in some instances. "I liked Jake Hamon in spite of his i lack of ideals. He was the only law- | yer in Lawton, Okla., who extended j a helping hand to me when I came out 1 of prison. “Jake expected to be president of ! thet United States some day.” j “On what ticket did you plan to run for Governor?” Senator Buraum, j New Mexico, asked. "Democratic.” "Why did Hamon want you to run on the Democratic ticket?’* “That didn’t make much difference in Oklahoma.” Want to Disrupt Party j "What did Hamon want you to run for Governor for?” Bursum asked. “He wanted me to disrupt the Democratic party so he could carry the State for Harding. Well, I didn’t go into the deal. Harding did carry the State. Hamon said that cost him half a million ! dollars.” "Wasn’t Hamon for Wood?” | "No, he never liked Wood.” Jennings was then excused. FIVE “MILLIONAIRES” UNNAMED Committee Refuses to Let Roxie Stinson Tell Who Men Are. By United Pre WASHINGTON, March 27.—The j Senate Daugherty committee today refused to let Roxie Stinson name tho five men she said yesterday made i J 33,000,000 in a Sinclair oil deal. Daugherty’s counsel intimated that "the rvune of a President of United ! 3tat’a was among them” and in a hot | claslj, with Senator Wheeler, demanded j tho right to go into the matter. Wheeler was absnt, and though at
one stage it looked as though he and former Senator Chamberlin might come to blows. Daugherty’s lawyers were not permitted to open the question. The committee, before putting her on the stand, asked President Coolldge to order Daugherty to turn over flies relating to gun-running to Mexico during the Cantu revolution in 1922, which Daugherty is withholding on the ground of publicity. Marriage Licenses Benjamin Sanders, 30, 1802 N. Arsenal, cement finisher; Xenia Irvlngr. 50. 1323 Columbia. Cassius W. Miller, 27, 928 Park, seslst ant manasrer restaurant; Neva Finney, 22. 940 Park, toll operator. Ira M. Magnifier. 32. 807 E. Nineteenth, no occupation; Ethel B. Smith. 29. Chleago. nurse. Wiliam H. Meadows. 20, 609 Lockerbie, messenger Western Union; Mlnnla L. Good, 18 757 W. Vermont. C. Frederick Leukhardt. 70. 857 N. Tacoma, cabinet maker; Louise Roeder, 61, 814 E. North cook. Ross L. Cole. 32. Peru. Ind;. R. R. fireman Ruth M. Pearson, 31. 725 N. New Jersey. Guy C. Mahoney, 22. 226 Patterson, laborer: Alice M. Harrel, 20. 3108 Jackson. Gus Dickerson. 25. 1510 Columbia, janitor: Nettie Smith, 20, 1340 Harlan, power machine operator. Charles J. Lee, 20. 2114 Martindale, real estates salesman; Mary V. Mallory, 28, 831 W. Twenty-Fifth, saleslady. Building Permits Walter Creaser, furnace, 1130 N. Tuxedo. $260. William Meredith, grarage, 1037 Collate. 5350. G. C. Cloud, furnace. 5213 Park, S2OO, G C. Cloud, dwelling. 5213 Park. $6,500. W. T. Newman, garage, 430 Empire, $2 500. Minnie L. Moulds, double. 919 N. Sherman, $3,500. Minnie L. Moulds, furnaces. 919 N. Sherman. $250. Ethel W. Dew. dwelling. 831 N. Hi ter. SSOO. Charles D. Evans, dwelling, 1841 Koe ms. $2,200. A W. Cox. dwelling. 1240 N. Belle Vleu. $2 800. C. G. Elies remodel. 1134 Blaine. $2 000. Charles Etlnburn. dwelling, 929 N. Da Quicy, $2,800. L. T. Dailey, apartment, 1701 Central, $20,000. John Hackett, furnace 605 S. West. $230 I C. Harvey, reroof. 3138 Kenwood. $273." Walter Smith, double, 2002 Southeastern. 54.000. Walter Smith, furnacea, 2002 Southeastern S4OO. Charles C. Brandt, furnacea, 1314 N. La Salle. S4OO. Charles C. Brandt, double. 1314 N. La Salle. SB,BOO Mrs. J. I. Wells, furnace. 4831 Broadway. 5207. Paul Bonner, addition, 1102 N. Mount, SSOO. Ella A. Miller, garage. 2131 N. Talbott. $250. Ella A. Miller, addition, 2131 N. Talbott, $350. William J. MoWilllams. garage, 4822 Central. S3OO. James W. Shank, furnace. 338 N. Walcott, S4OO. A. R Holliday, playhouse. 1235 N. New Jersey, $250. Nelson Wells, remodel, 882 W. Eleventh, 51,000. James Devane, garage. 1324 Comar. S2OO. Frank Brown, reroof. 1341 N. Alabama, $255. Clara Marshall, reroof, 3210 Central, $245. C. L. Price, furnace. 5354 Park. S2OO. C. L. Price, dwelling. 5354 Park. $4 500. Julius Musimann, addition. 40S Orange. SSOO. Nona Dormstandier, dwelling. 3317 Hoyt, S3OO. Martha D. Henley, addition. 2137 Park, $3,500. Ed Decker, addition. 1458 Reisner, $550. John Paris, dwelling. 3017 School. $2 000. Beth El Temple Congregation. Church, Thirty-Fourth and Ruckle. $92,000.
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