Indianapolis Times, Volume 35, Number 277, Indianapolis, Marion County, 2 April 1924 — Page 11

WEDNESDAY, APRIL 2, 1924

NEW GAINS ARE SCORED BY MOST LEADING^ ISSUES Wire Trouble Slows Up Trading, but Advances Continue the Rule, Ml CLASSES JOIN MOVE Studebaker Recovers Sharply on Bullish Statement of President, The WALL STREET JOURNAL NEW YORK, April 2.—Nothing happened overnight to change the Influences which domirflfted Tuesday's session of the stock market and stocks continued to rally in the early dealings today. Short covering gained in volume as the recovery proceeded and brisk rebounds featured the market in the first fifteen minutes. American Can went into new high ground on the movement and additional ground was regained by Steel and other industrial leaders. Rails were still under the leadership of St. Paul preferred, which attained another record 1924 high. First Hour Trading was slowed down in the first hour by trouble with wire connections as a result of Tuesday night's storm, but the general list continued to display a confident tone and further recoveries were scored by several representative issues of both the rail and industrial classes. Studebaker came back two points from Tuesday's low, responding to President Erskine's statement to Dow-Jones in which he said his company should earn the $lO dividend this year with a 50 per cent margin to spare and that within a reasonable length of time the company would be turning out cars at the rate of 180,000 annually. Second Hour The bearish professionals were aiert for indications that the rally w;*s flattening out, but no evidence of any such development was noticeable in the late morning. General Electric came back to 223*4, up 13 from its recent low, and rapid rebounds in other high priced stocks bore out the survey that most of the recent selling had been for short account and that bear contracts outstanding aggregated approximately the total at the time j the 1923 lows were reached in late Oc- | tober. The background for the imI provement throughout the list was furnished by the better business prospects. Twenty active industrial stocks on Tuesday averaged 93.50, up .49 per cent. Twenty active rails averaged 81.48, up .22 per cent. Local Bank Clearings Indianapolis bank clearings Wednesday were $3,130,000; bank debits were SB.122.000. Foreign Exchange By United Financial NEW YOKE April 2.—Foreign exchange opened irregular Sterling. $4.30%; cables. $4 30%. Francs, demand, o 87c: cables. 5 87He. Lire, demand 4 45\e: cables. 4-40 44 c. Belgium, demand. 5.07 Vic; cables. B.oßc. Marks. 4.500.000.000.000 to the dollar. Saecho. demand 2.98 c: cables, 2.98 He. Swiss, demand. 17.53 c: cables, 17.05 c. Guilders, demand. 37c: cables. 37.03 c. Pesetas, demand. 13.28 c: cables. 13.20 c. Sweden, demand. 26.37 c. cables. 26.41 c. Norway, demand. 13.70 c; cables. 13.74 c. Denmark, demand. 16.45 c; cables. 16.58 c. SOUTH AMERICAN OILS CURB MARKET FEATURE Petroleum Issues General Higher, With Standard I-eading. By United Financial NEW YORK, April 2.—The curb market was featured at the opening today by renewed activity in the South American oil stocks on accummulations of orders. International Pete quickly advanced to 1984, Creole syndicate to another new high for the year at 4*4 and L&go Pete to 3*41 * Oils generally pointed higher with Prairie Oil and Gas leading the Standard group with a two-point rise to 239. Losses of three-fourths of a point were sustained by Park & Tilford and Centrifugal Pipe which dropped to 29*4 and 28*4 respectively, which proved the only reactionary stocks of the entire list.

Business News

NEW YORK. April 2.—Fundamentally conditions are sound throughout the country. said Anson W. Burchard. vice chairman of General Electric Company “I do not look for any split-up in our stock. I do not know of any increase in stock or cash that will be paid by General Electric this year, but the directors may change that. There is no chance of retiring the debentures." NEW YORK—"Our business this year I think will be about what it was for 1823." said Cvrut McCormick, chairman of the International Harvester Company, sailing for a two months’ trip abroad. "We have safely earned our common and preferred in 1924." NEW YORK—The Atlantio Coast Line has ordered twenty Pacific type and five switching locomotives from the Baldwin Locomotive Works. The order also includes thirty under frames for caboose cars and seventeen miscellaneous passenger train coaches. NEW YORK—New York bank clearings Tuesday amounted to $1.383.000.,000 the : highest this year. Highest figure for 1923 was $1,253,117,991 reached on May 1 The record high for New York clearings was sl.-1 428.063.788 on Jan. 3 1921. NEW YORK—Speyer & Cos. has concluded negotiations for purchase of $2,000,000 American machine and Foundry Company fifteen year 8 per cent secured sinking fund gold bonds. The issue will be syndicated by Spencer Trask & Cos. Public ottering will be made this week. Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLINE—Energee. 22c a gallon; Purol. 18.2 c: Red Crown, 18.2 c; Diamond Gas. 18.2 c: Crystal Pep. 21c: Target. 18.2 c: Silver Flash. 22c; Standolinri aviation. 23c. KEROSENE—Cryataline. 12.7 c a gallon; Moore Light. 13.5 c: Arciite. 12.7 c; Perfectiom 12.7 c: Solvent. 35c. NAPTHA —Lion Power Cleaners. 22.6 c a gallon: Y. M. A P., 25.5 c; Standoiind Cleaners. 22.fic. Cloverseed Market Local* dealers art paying $lO @ 12. a bushel foe cloverseed.

New York Stocks “(By Thomas A McKinnon) —April 2

Railroads— Prev. All Coast L. 118% ... 118% 118 B & O 64% 54*4 54% 54% C A O 73 % ... 73 % 73 % CAN W... 52 ... 52. C R I 4 P.. 24% 23% 24% 24 Del A Lacka.ll6 ... 116 116% Lehigh Val.. 09% 69% 69% 69% Mo Pae pfd. . 38% 38 38% 37% N Y Central. 100% 100 100% 99% North Pac. . 61% 31% 51% 51 Nor A West.l26% 126 120% 125% Pere Marq... 41% 41 41% 40% Beading ... 54... 54 % 54 Southern By. 54 % 54 % 54 % 54 Southern Pac. 86% 80% 80% .6 Vi St Paul pfd 30 20% 29% 20% St L & 8 W 37% 37% 37% 37% Union Pac .129% ... 120% 128% Wabash pfd. 45% 45% 45% 45% Rubbers— Kelly-SDringfd 16% 18% 16% 10% U S Bubber. .31% 31% 31% 30% Equipments— Amer Loco.. 72 71% 72 72 Baldw Loco.llß 116% 117% 117 Gen Elec ...223*4 218% 223 218% Pullma- ...116 ... 116 115% Westh tflec. . 59% 59% 59% 59% Steels— Bethlehem... 51% 51 51% 51 Colorado Fuel 31% 31 31% 30% Crucible 57 66 % 67 56 % Gulf States.. 74% 73% 74% 73% Bep Iron & S 47 % 40 Vi 47 *4 40 % C S Steed... 99% 98% 99% 98% Motors— Amen Bosch. 24% ... 24% 25 Chandler Mo. 40% 48% 49% 48% Gen. Motors. 14 % ... 14 Vi 14 % Max Mo “A” 45% ... 45% 44% Mix Mo “B" 12 ... 12 11% Studebaker.. 93% 92% 93% '2% Stewart-W 79 % ... 79 % 79 Timken .... 35 % ... 35 % 35 % Willy s-O'land. 10% ... 10% 10% Oils— Calif Petrol. .25 ... 24 % 24 % Cosden 35% 34% 35% 34%

Produce Markets

INDIANAPOLIS. April 2.—Fresh eggs, loss off, 19c; packing stock butter, 25c: springs, over 2 lbs.. 23c: fowls, 4% lbs. up. 23c; fowls under 4Vi lbs., 19c; Leghorn poultry, 5 per cent discount; cocks. 14c; stags. 18c: young tom turkeys. 12 lbs. up, 24c: young hen turkeys. 8 lbs. up. 18c; geese, 10 lbs up. 14c: squabs. 11 lbs. to the doz.. $5.50: old gilineas. doz-., $4 50. Indianapolis creameries are paying 63c per pound for butterfat. CHICAGO. April 2.—Butter Receipts. 8.608; creamery extra. 39 %c: firsts. 37 %® 38c: seconds, 30 % 'lf 37c. Egg- Receipts. 16.219; ordinary firsts. 29% ©3oc: firsts, 31 %c. Cheese —Twins. 20c: Young Americas, 21% c. Poultry—Receipts. 5 cars; fowls. 24c; ducks, 2So: geese, 10c; turkeys. 22c: springs. 28c: roosters, 17c. Potatoes—■ Receipts. 223 cars; Wisconsin round whites. *1.30© 1.65: Minnesota and North Dakota Red River Ohio* $1.30 ©1.40; Idaho Russets, $2.65®2.75. CLEVELAND. April 2.—Butter—Extra in tubs 45c: firsts. 42 ©44c: firsts. 40© 12c: packing stock. 25©30c standard 42©44e; prints lc extra Eggs—Fresh gathered northern extras. 25c: extra firsts. 24c: Ohio firsts 22c; western firsts 23c. Poultry— Live fat fowls. 27® 28c; springers. 27 it 28c: Leghorns. 23 ©2 4c: rooßters. 17© 19c; gei-se. 21©22c: heavy white ducks. 29© 30c; light colored ducks. 24 ©3sc: medium fowls, 25 ©2oc: turkeys. 28c: stags. 18© 20c. Potatoes —Unchanged. NEW YORK. April 2.—Flour—Dull. firm. Pork —Dull: mess, $24.75© 25.75 Lard— Steady: mid-west pot. $11.20© 11.30. Sugar—Raw. easy, at 6.05 c: refined dull; granulated. 8.40 ©8.50c. Coffee—Rio spot. 15Vic: Santos No. 4. 19% ©2oc. Tallow— Inactive: special to extra. 7%© 7% c Kay —Dull: No. 1, $1.50: No. 3. $1.20© 1.25. Clover—sl.os© 1.10. Dressed poultry— Quiet; turkeys. 20© 36c: chickens. 22©48c: fowls. 18© 32c: capons. 28©45c: duks, 20 't.ii.c; ducks. Long Island. 23©25c. Live poultry—Dull: geese 15© 18c; ducks. 15© 2S_-; fowls. 25©27e: turkeys, 30© 45c; roosters 18c: chickens. 25© 35c. broilers, 50©85c: capons. 35©45c. Cheese—Steady: S'ate whole milk, common to special, 10© 26c; State skims, 12©i9c: lower grades, 5© 11c. Butter—Firmer; receipts. 7.043; creamery extras. 41 % @ 42c; special market. 42% @ 43c; State dairy, tubs. 30 ©4lc; Danish. 43 ©44c: Argentine. 36©38%c. Egg' Steady receipts. 29.902: nearby white fancy. 33©35c: nearby State whites. 23© 32c: western whites 23 © 32c fresh firsts 22 % ©26% c: Pacific coast. 23 © 35c: near by. 26 ©2Bc. Indianapolis Stocks —April 2 Bid Ask. American Central Life 200 ... Amer Creosottng Cos pH 97 % ... Advance Rumely Cos com ... Advance Rumely Cos pfd ... Belt R R com 74 78 Belt R R pfd 53 Century B’dg Cos pfd 98 % ... Cities Service Cos com ... Cities Service Cos pfd ... Citizens Gas Cos com ....;. 29 % ... Citizens Gas Cos pfd 102 ... Indiana Hotel com 100 ... Indiana Hotel pfd 100 Indiana Title Guaranty Cos ... 85 ... Indpls Abattoir pfd 60 Indianapolis Gas . . 51 *5 Indpls & Xortlrivestem pfd. . 34 14 Indpls A Southeastern pfd. ... 45 Indpls St Ry 53 58 Indpls Tel Cos com 1 ... Indpls Tel Cos pfd 90 ... Mer Pub Util Cos pfd 82 ... National Motor Car Cos ..... . . ... Public Savings Ins Cos ...... 12 ... Rauh Fertilizer pfd 49 ... Standard Oil of Ind 50% 61 Sterling Fire Ins 10 11 T H I A E com 0 T H I A E pfd .10 20 T H Tr and Lt Cos pfd 88 Union Trac of Ind com 4 Union Trac of Ind Ist pfd. . 12 22 Union Trac of Ind 2d pfd 7% Van Camp Prod Ist pfd 98 Van Camp Prod 2d pfd 98 Yandalia Coal Cos com 3 0 Vand&lia Coal Cos pfd 7 10 Wabash Ry Cos com 16 17 Wabaah Ry Cos pfd 45 40% Bonds Belt R R A S Y 4s May. 1930 81 Broad Ripple ss. July. 1923. .51 ... Cent Ind Gas ss. Sept.. 1931 . . ... Cent Ind P Cos os. July. 1047 Citizens Gas ss. July. 1942.. 87% 88% Citizens Gas 7s. serial 101 105 Citizens St Ry ss. May. 1933 81 82 Ind Coke A G 0. April. 1940 90 Ind Hotel ss, July. 1931 94% 99% Ind Hotel Cos 2d os. draw. . . .100 Ind North os, Oct.. 1933 ... Ind Ry A Lt ss. Jan.. 1943. .91 Ind Serv Cor ss. Jan. 1950.. .. ... Ind Union Trac ss. July. 1933 . . ... Indpls Ab Cos 7%5. Sept.. ’3l 99 103 Indpls Col A So 6s. Feb.. 1948 . . ... Indpls Gas 6s, Oct . 1952 87 Vi 88% Indpls L A H 5s April. 1940 96 06% Indpls A Mart ss. Jan.. 1932 . 01 Indpls Nor 5s July. 1932. . . 41 % 44 Indpls A Nor ss. Mar. 1923. 41% 43 Indpls A 8 E ss. Jan.. 1925. .35 ... Indpls S A 8 E ss. Jan . '32 30 ... Indpls St Ry 4s. Jan., 1933 .. 03 64 Indpls TAT ss. Jan.. 1933. . 88 89 Indpls Un Ry ss. Jan, 1905 94% ... Indpls Un R.v 4%5. May, '26 95% ... Indpls Wa 5%5. March. 1053 90% 09 Indpls Water 4%s 89% 90% Ind Pub Ser 6s, April. 1943 .... ... T H I A E ss. Aug.. '45.... 60 63 T H Tr and L 5s May. 1944 83 Un Trac of Ind 6s, July. '32 57% 01 Bank Storks Aeln v Trust and Savings Cos. . 103 ... Bankers Trust Cos 110 ... Cfly Trust Cos 115 ... Continental National Bank.. 105 ... Farmers Trust Cos „ . .200 Fidelity Trust Cos 150 ... Fletcher American Natl Bank. 135 143 Fletcher Sav and Tr C0.....210 220 Indiana National Bank 250 262 In liana Trust Cos 210 222 Live Stock Exchange Bank.. 190 ... Marion County State Bank..ls‘J ... Merchants National 8ank....310 ... Peoples State Bank 200 ... Security Trust Cos 150 ... Slate Savings and Trust Cos. .112 120 Union Trust Cos 810 350 Wash Bank and Tr Cos 150 ... Local Wagon Wheat Indianapolis mills and elevators are paying 97c for No. 2 red wheat: other grade* cn their merit#. In the Cotton Market By United Financial NEW YORK. April 2.—The .-otton market opened irregular. May. 28.05 c. off 31; July. 27.00 c. off 29 August, 25.870. oft 33: October. 24.20 c. off 20 Raw Sugar Market By United Financial NEW YORK. April 2 —The raw sugar market opened steady: July. 5.005.09 c: August 5.05 c bid: September. 5.02 8 6.08 c.

Prey. High. Low. 12:45. close. Houston Oil. 71% ... 70Vi 70 Mar!and Oil.. 38 37% 38 37% Pan-A Pete B 40 45% 40 45 Vi Pacific 0i1... 51% 50% 51 s , 60% Pro and Ref 31 % 31 31 % 3C % Pure 0i1... . 23 % 23 % 23 % 23 % Royal Dutch. 64% ... 54% 63Vi Std Oil of Cal 61 % 61 % 61 % 61 % Std Oil of NJ37 % ... 37 Vi 37 % Sinclair ....22% 21% 3g% 21% Texas Cos 41 Vi 41% 41% 41% Minings— Gt North Ore 31%... 30% 31% 30 Vi Int Nickel... 12% ... 13% 12% Coppers— Am Smelting 60% 69% 00% 59 Anaconda.... 32% ... 33% 32% Kennecott. .. 35% 35% 35 % 35% Indust rials— Allied Chem. 66 % 66 Vi 66 % 66 Am Can. .. 100% 105 % 106% 105 Am Woolen.. 69% 09 % 09% 69% Coca C01a.... 86% 66% 00% 06% Cont Can... 47 Vs 47 47 % 40 % Davison Chem 53 % 52% 53% 52% Fam Players 07% 07 % 87% 66% Gen Asphalt 38 .. . 38 38 Mont A W... 25% 25% 25% 25% Sears-Roe.. . 84 % 83 844 % 83 % V S C I P.... 70 % 75 % 70 % 74 % U 8 In A1... 69% 68% 69% 08% Utilities— Am T A T.. 126 125% 120 125% Con Gas 02 % .... 62 61 % Columbia G.. 33 % .... 33% 33% Shipping— Am Int Corp 19% 18% 19% 18% In M M pfd.. 29 27% 29 27 Foods— Am Sugar... 52 51% 52 51% Corn Prod.. 173 172% 172% 171% C C Sg pfd . 04% 64% 64% 64 C-Am Sugar. 34 33% 34 33% Punta Alegre 63 % 03 % 63 % 03 % Tobacco#— R J Reynolds 64 % 04 04 % 62 % Tob P (81.. 55% .... 55% 65%

WHEAT AND CORN LOWER AT START Oats Display Independent Strength—Provision Easy, By United Financial CHICAGO, April 2. —Wheat and com started lower on the Board of Trade today. Oats were unchanged to higher. Selling began in wheat at the opening. Liverpool was unchanged at the opening, but at 2 o’clock showed a decline due to limited purchases and liberal offerings at concessions. Ex port business totaled 300,000 bushels of Manitobas. Corn showed most weakness. Crop reports were generally favorable. Cash business was light and the movement showed improvement. Argentine grain offerings in foreign markets Increased. Oats displayed independent strength. Delayed seeding strengthened deferred deliveries. May maintained a steady undertone, despite liberal offerings of Canadian grain in New England markets. Provisions were easier with hogs and cables. Chicago Grain Table —April 2 j WHEAT— prev Open. High Low Clone. close j May .1.01% 1.02% 1.00% 1.02% 10l % I July .1.03% 1.04 1.02% 1.03% 1.03% Scut. .101% 104% 1.03% 1.04% 1.04 % i CORN—i May . .78 .79% .77% .70 .78% : July . .78% .79% .78% .79 % 70 % Sept. 78 V* .79% .78% .70% .78 % OATS — ; May.. 46 40% 45% 40% 45% I July.. 44 % .45% 44 45 44 % I Sept 40% .41% 40 % 41 .40% I LARD—- ’ May 10.77 10.77 10.70 10 77 10.82 i RIBS—- ; May.. 9.55 9.60 955 0.60 9.52 RVE— May. .60 66 .66 86 .68% July.. 67% .68% .67% .68 .69% CHICAGO. April 2.—Primary receipts: Wheat. 488 000, again-t 742.000: corn, 458.000, against 753.000: oau. 470,000. against 586.000. Shipments Wheat. 408,000. against 560,000: corn. 488.000, against 737.000: eats, 515.000. against 740.000. CHICAGO. April 2.—Car lot receipts: Wheat. 6; corn, 47: oats. 24; rye. 0.

Cash Grain

INDIANAPOLIS, April 2.—Total receipts for the day. 16 cars Grain prices quoted f. o b. basis. 41 %o to New York, hay on track. Indianapolis. Bids for pram arid hay at the Indianapolis Board of Trade were: Wheat—Throuph biled steady No. 2 hard, 90©99c: No 2 red. 98c© slOl Corn—Stronp: No 2 wiute 72®76c; No. 3 white. 72©74< : No. 4 yellow, 78®76c: No. 3 yellow, 72® 74c: No. 2 mixed. 72® 74c; No. 3 mixed 71 © 73c Oats—Firm; No. 2 white, 45®47c No 3 white, 44 ©46c. Hay—Steady: No 1 timothy. $22.60i 23No. 2 timothy. s22® 22.50; No. 1 light clover mixed. s22© 22 50: No. 1 clover hay $21.50 ® 22. —lnspections Wheat—Sample, 1 car. Total. I car. Com—No. 4 white. 3 ears: No, 5 white 1 car; No. 4 yellow. 1 car: No. 5 yellow 1 car: No. 4 mixed. 1 ear; No. 5 mixed 2 cars. Total, 9 cars. Oat*—No. 3 white, 1 car; No. 4 white. 6 cars. > Total. 0 cars. Grain Briefs CHICAGO, April 2.—Wheat trade broadened toward the last. Tuesday, much of the demand cominp from northwestern houses in the way of hedpinp against sales in the Winnipeg market. The trade in general agrees with B. W Snow's reoprt that it wilt take continued pood weather in order to come to a definite conclusion regarding winter crop damage. A ferw large local operators are said to feel friendly to the buying side of com and oats on breaks Increase in com stocks is believed to have passed and reductions are in order within the next few weeks. Prevalence of Hessian (iy over the Nebraska wheat field is becoming more menacing. according to dispatches from Lincoln. Busina has ceased to offer wheat or rye and shipments from that source are expected to decreaae sharply, Bronmhall reports. Bread groin supplies in Russia are about exhausted except for consumption. United Kingdom and Continental exporters are showing little or no interest in nearby wheat, but are interested in deferred shipments. LIBERTIES ARE FIRM IN ACTIVE BOND DEALINGS Pemate Action on Tax Measure Prospects Aids Prices. By United Financial NEW YORK, April 2.—Reports that the Senate action on the tax bill would be speeded up, renewal of cajl money at 4% per cent and the rise of French francs weiv favorable factors in the early bond market toj day. French government 7%s and 8s ; : repeated their recent highs at 94% ! I and 98* j, respectively. Liberties were generally fun Rails were steady. Dressed Beef Prices i Wholesale selling prices on dressed beef. Swift & Go.: Ribs—No. 2. 30c: No. I, 17c. Loin#—No. 2,25 c; No. 3,18 c. Rounds—--18c; N<b 3,10 c. Plates—No. 3. Be; No. 8. 7e. 4

THE INDIANAPOLIS TIMES

PORKERS REGAIN RECENT LOSSES Increase in Price Carries Bulk to $7,75 LevelHog Prices Dav by Day Mar. 250-300 lbs. 200-275 lbs. 150-180 lbs. 20. 7.60® 7.65 7.80® 7.05 7.60® 7.65 27. 7.75 7.75® 7.80 7.75® 7.80 28. 7.70 7.70 7.70 20. 7.65® 7.70 7.65® 7.70 7.65® 7.70 31. 7.75 7.80 7.80® 7.85 April 1. 7.60 7.00 7.00 2. 7.75 7.75 7.75 Hog prices recovered the major par' of Tuesday’s losses in trading at the local livestock market today. The advance in prices resulted from the activity of shippers and participation of local packers and accounted for the upturn of 10 to 15 cents In values. Trading opened on a $7.75 basis for all weights and classes, compared with $7.60 on Tuesday, and practically all the good hogs moved at this figure. A price of $7.80 was asked for fancy droves, but none was able to command this figure and consequently all business was transacted at the $7.75 level. Following up Tuesday’s sharp advance, sows sold fully a quarter higher at $7.26 down for smooth kind and $6.75 down for the rough variety. Pigs reflected the general advance by selling a quarter higher at $7.50 down. The day’s receipts totaled 7,500, inclusive of 783 carryovers. Receipts early were very light, late car and truck arrivals having swelled the total as time passed. Kingan & Cos. joined in the buying activity after considerable hesitation, due to Tuesday’s practically unwarranted decline. Trading In the cattle department was on a generally unchanged basis though good heifers and prime steers, such as could be found, sold generally a little stronger. Receipts at 900 head were not unusually large, but buying demand from outside account was not as urgent as on Tuesday and the market lacked some of its snap. Veal prices showed a slight tendency to weaken, despite yhe fact that prices ruled almost unchanged. The number of veals to command the top of $12.50 was less than on Tuesday, though the bulk continued, to sell between $11.50 tend sl2. Ite ceipts. 700. Inactivity characterised trading in the sheep and lamb division, due to light receipts of fifty head, but prices were regarded as nominally steady, except on clipped lambs which sold a half dolbu- higher at sl3 down. —Hog*—• t Choice light* $ 7 75 Light mixed 7.76 Medium mixed —■ . 775 Heavyweights 7 75 Bulk of sales 7.75 Top .. . 7,75 Packing sow* 0.75© 7.25 Pigs 7.00® 7.50 Prime corn-fed steers. r,t)oo to 1.800 Ills $ 9 00© 10 50 1 Good to choice steers. 1 000 to 1,100 lbs 8 50® 9 00 Good to , 1 nice steers. 1 006 to 1 200 lb* 700© 7.50 Good to choice steers. 1 000 to 1.700 lbs 605 ® 7.50 Common to medium steel's, 800 to 1.000 lbs 0 00® 700 —Cows and Heifer*—— Good to light heifer* o.oo© 9.50 ] Good hearjrweight 7.05© 8,00 ! Medium heifers o.oo© 7,00 Common cow* 3 00® 6,00 Fair cows ... ....... ....... o.oo© 7.25 Cutlers 2.75® 8.25 Canner* 2.25© 3.75 —Bulls— Fancy butcher bulls $ 5.00© 6.00 Good to choice butcher bull*. 5 00® 5.50 Bologna bulls ... 4 25® 475 —Culvsa— Choice veals sll.oo® 12.50 Good veals 10.00® 11 00 Lightweight veals 700 ® 8.00 Common heavies . , 5 00© 7.00 Top 12.50 —Sheep and Lamb*— Extra choi.-e lamb* ........ . £l4 OOfo 15.50 Heavy iambs 10 00® 13.00 Cull lambs 6.00© 10.00 Good to choice ewe* 5 00® 11 00 Cull* 3.00© 5.00

Other Livestock CHICAGO. April 2—Cattle—Receipts 17.000; market, miatt killing classes faLrly active. steady to strong spots higher on fat steers of rnlue to exceed $9 50; strictly choice fed steers absent; tup matured offerings. 811.95: several loads, $11.25® 11 50 early bulk. $8.50® 10.75: voalrrs uneven: medium light kinds slow. weak. others strong, lest vealers up to sl2 to packers Sheep—Receipts. 10.000: market, slow, fat lambs around steady: shnep around 26c up; shearing lambs steady; early bulk desirable fat wooled lambs $11.50® 16; dipt lambs. $13.75® 14.80: fat ewes up to sl2 choice shearing lambs, $15,73. Hogs—Receipts. 26,000: market, fairly active, unevenly lower; medium and heavy butchers 10c off: lightweights 10® 15c off. light lights 15® 25c off top, $7.60: bulk. $7.35®7 55: heavyweight. $7.35® 7.60: medium-weight, $7 40'117 55 lightweight. $7.40® 7.55: light lights, s6® 7.40; packing sows, smooth, $8.75®6.90; packing sows, rough, $6.60® 6.75; slaughter pigs. [email protected]. EAST BUFFALO. April 2—Cattle—Active: shipping steers. $0.50® 11; butcher steers sß.6o@fl; cows, $2.25®7. Calves— Receipts, 400; market active, steady; cull to choice. s4® 13,50. Bheep and lambs—Re oeipta, 2.000; market active: lambs 5e higher: sheep steady; choice lambs. sl6® 10.95; cull to fair. $9.75® 16.50; yearlings, $9.60 ® 16.25: sheep, $3 60® 12.75. Hugs—Receipts, 4,800; market active; pigs 25c low or, others 6e to 10c lower: yorkern, $7.50 ® 8.15: pigs, $7®7.25; mixed. sß.lo® 8.15; heavy, $8.10®8.16; roughs, $0®6.76: sfnge. $4.50@5. PITTSBURGH. April 2—Cattle—Receipts, light: market, steady; choice, $9.85® 10.25: good. $9 @0.75; fair, s7® 7.85; veal calves [email protected]. Sheep and lambs—-Receipts 3 double deckers; prime wethers. $10.25® 10 76; good. $0.50® 10: fair mixed sß@9: lambs. $14.25. ITogs—Receipts. 20 double deckers; market, lower: prime heavy, $7.85 @7.90: mediums. sB.loi-8.1.V heavy Yorkers, $8.106 8.15: light Yorkers. $7.40® 7.50: pigs. *76*7.25; rough. $666.50: stags, $3.50®4 CLEVELAND, April 2.—-Hogs—Receipts, 5,000; market 5c lower; Yorkers. $7.80; mixed, $7 80: medium. $7 80; pigs. $7.25; roughs, $0.25: stags. $4.50. Cattle—Re eeipts. 500; market slow unchanged. Sheep and Is mbs—Receipts, 1,000; market steady; top, $14.25. Calves—Receipt , 300; market 50c higher; top. $13.50 Dock to Be Moved April 2.—A wonderful feat of transportation will take place shortly. This will be the removal of a Riant floating dock from England to Singapore, a distance of 8,000 miles. The dock is 900 feet long and is needed for anew naval base. Native Dead at 124 JOHANNESBURG, South Africa. April 2.— 01d Jas, a native living on a farm near Kroonstad. has died at the age of 124. Free State officers who were commandeering native drivers for the Basuto war in 1806 exempted him as being over the age limit of 60. Fewer Unemployed in England LONDON, April 2.—Ministry of labor returns show 1,120,000 persons registered as unemployed in England. This is 130,112 fewer than at the close of 1928. Air Line to Moscow MOSCOW, April 2. —The first direct airplane service from Moscow to J.ondon will be opened April 15. The Mos-cow-Koenigsberg line will be reopened about the same time.

New Deputy

t .'TcA* .; v

MRS. GRACE FLOOD

Mrs. Grace Flood, 2234 Graceland Ave., today is busy collecting money from more or less reluctant husbands who have been brought into Juvenile Court for non-support. Mrs. Flood succeeds, Howard Robertson. who has resigned a position ts deputy county clerk in Juvenile Court to rd-enter the insurance business. County Clerk Albert H. Losche announced, in connection with the change, that alimony and support order* granted in divorce cases will be handled In the future by Mrs. Flood and another deputy, not named as yet. At present the divorce court collection is made by the marriage license department of the clerk's office. Marriage Licenses Chari"* F. Wagner. 2s. 747 Addison, core maker: Oale Monroe, 31. 532 Concord. Taylor O. Pierson 29. 1101 N. Hamilton, locomotive engineer: Katherine Browning. 36 1101 S Hamilton, saleslady Joseph Shinn, 41. Puritan Hotel, state policeman. Dorothy Shank. 22. 2232 Kenwood. Carol Simmons. 30. 822 Camp, stoker. Marin Chiles 26. 820 Camp domestic. Douglas Evans 31. 834 W. Fifth. Bloomington, Ind. chauffeur: Lena Johnston, 35. 2069 Boulevard I*l.. clerk. Pete Thomas. 27. 123 N West, barbar; Sal<-m!a R. Tipps, 30 007 Stevens, saleswoman. Waldo A Michel. 27 430 Massachusetts, bill clerk Margaret E. Smith, 21. 2522 W. Washington. e te n-grapher Raymond A Farmer. 23, Anderson. Ind.. barber: R ith 1 Brown, 21 1112 River Lester R .Carson, 24 College Corners. Ohio. clerk jMary Snider. 19. 1112 N Arm* strong. Kokomo. Ind., telephone operator. Albert J Pollock 31 1018 3. IlihrolS. manager: Anna Sagaiowsky, 20, 15 W, Ray, Wliiiam F. Young. 23, Crawfordsville, Ind salesman: Mary E. Engle, 22 1627 N. Talbott, stenographer Orval I), l’eats, 23. 701 8. New Jersey, contractor; Virginia Breadhead. 18, 1320 E. Prart, George Pandegraft 81 27 N Hamilton. R. R. flremau; Emma J. Voilmer 38. 27 N. Hamilton.

Births Girls John and Elizabeth Roe, 1466 W Market. Meseli and Hutnine Hayopian, 520 W. Twenty Fifth Dalton and Beatrice Shirley. 613 W. Twen-ty-Eighth Everett and Helen Murphy. 5479 Hibben. .les-e and Mattie Harris, 2340 Columbia. Harry and Gladys llurtt. mty hospital Lawrence and Gladys Utterback, 1728 Parker Abraham and Matilda Habousli, 1004 W. Riverside Parkway. Boys Robert arid Kffie Hamblin. 3621 W Twelfth Garfield and Lula Overton. 833 W Pratt. Raymond and Mabel McQueen. 560 N. Traub. Lloyd and Jeannette Fagg 23 E St. Joseph. George and Blanche Hanson Methodist Hospital. Albert and Susan Stump, 41 Johnson Albert and Nellie MeCaliister, 1629 Reisner. Robert ami Miry Ray. city hospital Nickerson and Hattie Beamon, city hospital Edward and Edna Theis. 4800 E New York William and Irene Emench. 1920 8 Talbot. Carl and Helen Dangler, 1110 Congress. Deaths Elizabeth Simmons, 47, 301 N. Fleming, lobar pneumonia. Martha E. Walls, 64. Central Indiana Hospital. carcinoma. Ruth Dec Taylor. 2 months. 1122 English. a;uto ileocolitis. Albert S<-brooder. 1417 Olney, acute cardiac dilatation Jenkins T. 8w ails, 46. Methodist Hospital, chronic mastoiditis. Infant Steven*. 1 day. 2315 W. Morris, premature birth. W C. Carroll. 34. 415 W. Twenty-Seventh, influenza. Mary A. Johnson 77, 1021 Massachusetts. lobar pneumonia. Building Permits R L. Berry, garage. 1420 W. TwentySixth. $275. John Dcnk, reroof, 2915 Brookside, sil7. George Lucas, addition. 100 N. Belmont, S2OO Joseph L. Hogue, inclose porch, 930 W. Thirty First. $231. A Schriber. double. 242 N. Oxford, $7,500. A. Schriber. furnaces. 242 N. Oxford, $340. Jessup A Antrim, boiler. 713 N. Illinois, $3,500. Jesaup A Antrim, stack, 712 N. Illinois, S2OO. J. D. Adams, repairs. 217 8. Belmont, $65,000. 8. W. Skillen, garage, 1409 E Michigan. S2OO. Eliza T Ring, addition. 704 N. Pine, $235. William Bowman, furnaces. 917 N. Ewing. S2OO Henry Madison, addition. 808 Paca, SSOO. Jose-Kuhn Lumber Company, garage, 2459 Guilford. S3OO. Fred Westover. dwelling. 4054 Cornelius, $4,700. John Van Sickle, gas tanks, 2705 B. Washington. S6OO. George Bradley, garage. 2405 N. Alabama, $275. E. K. Barb, furnace. 15 N Drexel. $260. E E. Barb, dwelling. 16 N. Drexel, $5,750. John W. Murray, garage, 3515 E. Tenth, $350. T. B. Allgirl, reroof, 59 Audubon Rd.. S2OB, John Solane, addition, 705 N. Haugh, $250. John Solane, addition, 781 N. Haugh, $350. Miles A Holloway, furnaces, 060 Garfield, $250. Mile* & Holloway, double, 956 Garfield. $2,500. F. M. Ketcham, addttlon, 8906 Ruckl*. S6OO. B. ,Tannings, dwelling, 3000 Robson, $2,850. Charles Meadows, addition. 2624 N. Dearborn, $2,100. Kramer Manufacturing Company, building. LaJialle and Meredith. $68,000. Lude Hart, addition. 708 W North. $271. H. J. Young, garage. 332 N. Wallace, S3OO. C. L Rhodes, garage, 4840 Guilford. $209. T. E. Wood, garage, 723 N. Ltnwood, S3OB. Investors Realty Company, remodel, 225 N. Illinois, SB,OOO. Triedre Doneff. move dwelling, ITO W. Sixteenth, $209. Triedre Doneff, building, 156 W. Sixteenth. $2,750. William L. Rice, dwelling. 6010 N. Capitol, S6OOO. William L. Mac, furu&oa, 6010 X. Capitol. $275.

WITNESS DENIES NOTESjGNATURE (Continued From Page 1) “I walked out.” “In whose hands was it?” ‘‘Miss Bush's.” “Did you swear to it?" “I don’t know.” ‘‘ls yo%r memory faulty?” “No, sir!” the witness fairly shouted. “Did Miss Bush sign it?” “Yes.” “Where?” Spectators Amused A laugh went through the courtroom when the witness answered: “Lying on top of the Governor’s table.” “Did they tell you what was in it?” “Not in particular.” “Did he say anything about wanting you to give him authority to sign notes?” “I don’t remember. “Do you remember that, not fifteen minutes ago, out in the hall, you told me the Governor said he wanted you to help him out?” “No.” “You had no Interest in the farm, did you?" "In a way, yes.” “What was that interest?” Shared in Profits “I was to get a certain per cent of receipts over expenses.” “Wtylt was it?” “I don’t remember." Inman plainly was disconcerted by the witnesses answers. He asked him whether he had not testified before the Marion County grand jury, that the Governor had told him that some question had been raised about notes bearing Hendry’s name and that he wanted Hendry to say it was ail light for the Governor to use the name. Hendry answered that he did not remember. Testimony Struck Out All of the witnesses testimony relating to what occurred in the Governors office then was ordered stricke nfrom the records. Efforts of McCray to borrow money from Indianapolis banks to pay the board of agriculture, were described by Evans Woollen, president of the Fletcher Savings and Trust Company. Woollen repeated the story told by previous witnesses of conferences in which McCray made an unsuccessful attempt to borrow a large sum. He said he did not recall any mention of McCray's using public funds other than those of the board of agriculture.

Willing to Help “Did you say you would be willing to do anything you could about the board of agriculture funds, because of the peculiar nature of the transactions?" Epb Inman special assistant prosecutor, asked Woollen. ‘'Yes," Woollen replied, ‘T said I would be willing to participate, with others, in raising the money, if we could arrange to do it safely.” The next witness was Alva E, Herriman of Newton County, who said he had been associated with the Governor in various business enterprises s-nce 1960. He said he and the Governor did a road contracting business under the partnership name of “A. E. Herriman & Cos.” Clarence W. Nichols, special prosecutor. handed Herriman a note for $9,600, signed with the company's name. This is one of the notes given by McCray to the agriculture board as collateral for part of the $165,000 which McCray is charged with embezzling. McCray is charged in another indictment. with forging this particular note. It was introduced in evidence several days ago. Nichols asked Herriman whether the note had been signed on authority from him. Question is Blocked The defense objected to the question and the witness was not permitted to answer. "Did you ever have any conversation with the defendant regarding the signing of the name of A. E. Herriman & Cos. to this note?” Nichols ;iaked. ( "No, sir,” Herriman replied. “Did you have any conversation regarding the signing of any notes?” "Yes. sir.” The defense objected to Nichols' going into details concerning the signing of this particular note. The objection was sustained by Special Judge Harry O. Chamberlin. “I’ll ask you to examine this note and state, If you know, in whose handw'riting the note was written,’’ Nichols continued. “I would say the body of the note was written by McCray. ’ was the reply. “I don’t know about the signature.” He said the Indorsement on the note was in McCray’s handwriting. “Money Not Due” “I’ll ask you whether A. E. Herriman & Cos., owed Warren T. McCray $9,600 on March 10, 1922, when this note was dated?" Nichols continued. "They did not.” was the reply. "I’ll ask you whether A. E Herriman & Cos. gave Warren T. McCray this note for $9,600, if you know?” “I don’t know.” “What is your Judgment, if you have any, as to who signed this note?" “I don’t like to say." After a brief cross-examination by James W. Noel, defense attorney, Herriman was excused. State Official Testifies Ben H. Urbahns, deputy treasurer of State, next took khe stand. He testified concerning transactions whereby McCray received SIO,OOO of State money for the Discount and Deposit State Bank of Kentland, of which the Governor formerly was president. The money was credited to the personal account of the Governor. McCray contends this credit was made by mistake. Urbahns examined a pass book of the treasurer of State, showing the State’s account with the Kentland bank, and testified that SIO,OOO entered in the book as of Feb. 15, 1923, was in the handwriting of the Governor. “Did you have any conversation with McCray when that entry was put in the passbook?" Nichols asked. “Yes, sir,” was the reply, "What was said and done?"

“McCray asked me whether I could give him a SIO,OOO deposit for his bank at Kentland. He said he wanted to put this money in one of the State banks and asked me to give the check to him, which I did.” Check Inquiry Made Urbahns said that severel months later, he wrote a letter to the Kentland Bank concerning the check. He was asked whether he had a conversation with McCray concerning the check after Urbahns gave it to him. Urbahns said there had been such a conversation. Urbahns testified: “In July, I went to the Governor and told him there was a discrepancy in the account and that I understood the matter was in controversy. McCray told me that, at the time the transaction occurred, he. wrote the bank to credit the check to the State of Indiana.” This testimony was substantiated by Davies. He said: “I talked to the Governor regarding the SIO,OOO deposit in July. He told me that it was evidently a mistake; that he had written the bank to put the amount to the credit of the State. He said this amount had been credited to the State's account before the conversation.” f Bank Heads on Stand Frank .D. Stalnaker, president of the Indiana National Bank, and Elmer Stout, president of the FletcherAmerican National Bank, testified late Tuesday. They told of conferences attended by Stalnaker, Stout, Former Governor James P. Goodrich, then president of the National City Bank: George C. Forrey, president of the Fletcher-American Company, and Woollen. Both witnesses told of McCray’s pleading for them to reconsider their decision not to lend him money and of their refusal to reconsider. More About Conference Clyde A. Walb of Lagrange, Republican State chairman, and Ewing Emi-i son of Vincennes, Second District • chairman and Indiana campaign man-' ager for President Coolidge, testified during the afternoon. They repeated the story of a conference at the Severin last September, already told on the witness stand by Goodrich and Joseph B. Kealing, Republican national committeeman for Indiana. They told of the Governor’s protest- : ing, at the meeting, that he had a right to br.trow board of agriculture money and that he had paid back SIO,OOO given him by the treasurer of State and deposited to his personal account. „ Ross Wallace, president of the Aetna Trust Company, identified eight notes signed with the names of various farm and cattle companies given by McCray to the agricult-gr? board as collateral. Hfcxnvn Excused Ralph K Smith, vice president and cashier of the Fletcher-American National Bank, identified checks sent through the bank by McCray. I. Newt Brown of Franklin, former secretary-treasurer of the board of agriculture, was excused early in the afternoon, after being on the stand almost continuously since last Friday afternoon. His concluding testimony was to the effect that $155,000 of the board's money turned over to the Governor was for deposit in the Discount and Deposit State Bank of Kentland. and not for McCray’s personal use. The Governor is insisting that he borrowed the money for his personal use. Inseparable Twins BARNSTAPLE. Walee. April 2. Richard and John Webber, twin brothers bora near here in 1851, started work together as molders and have worked side by side at the same occupation ever since. Both were married on the same day and they live next door to each other. Each has ten children and both have been Sunday school teachers and choristers for 57 years. Tiiat's Gratitude for You LONDON. April 2.—A South End domestic servant found a poeketbook containing $l5O and returned it to its owner. “Thank you,” said the loser. "Would you call at the police station and tell them it's found?"

'a b n u d liberty bonds SELL 415 LEMCKE BUILDING } tOQII We Offer: CITY of INDIANAPOLIS 6 % Improvement Bonds Tax Exempt Interest Payable June 1 and Dec. 1 Serial Maturities—June 1, 1924-1933, Inclusive DENOMINATIONS $342 $239 $205 sll4 $ 88 S 42 These bonds are exempt in Indiana from all State, County, Municipal and Local Taxes and Federal Income Taxes, both Normal and Surtax. They are a direct lien ahead of all mortgage indebtedness against properties adjoining street improvements made by the City of Indianapolis. Priced—To Yield 5.75% We also offer these bonds in the same maturities and SSOO denominations to yield 5.40% Fletcher American Company If i \ Second Floor Fletcher American Bank Bldg. Ur\d £l*l Indianapolis Chicago Detroit Louisville South Bead Private Telegraph Wire# to Principal Financial Markets, '

LAUNDRYMEN ARE BLAMING MAKERS FDR TORNCLOTHING Only Thing Left of Shirt Is a 'Guaranteed Non-Shrink Collar Band, < By United Xetctt LONDON, April 2.—ls collars and shirts come back from the laundry this week looking like the fringe of a futuristic curtain, put the blame in the proper quarter. Don’t cuss the laundry. It has suffered long enough in sensitive, if innocent, silence. Believe Dr. E. Doree, president of the London Society of Dyers and Colorists, who in a lecture declared that not the mythical teeth of the modern mangle but defects of manufacture were responsible for the short life of washable goods. A large group of laundrymen laughed loudly—not joyously, It was pointed out, later, but sardonically—when Dr. Doree showed first a tattered collar and then a shirt the only body-worthy remainder of which was a child’s-size neck-band, which still boasted —“Guaranteed unshrinkable.” Both, he said, owed their demise to the fact that they wore made of mixed silk and cotton, woven so as to show up the silk and conceal the cotton. “That’s ffoe trouble,” explained Dr. Doree. “All foam and no body. We don’t tear them. They just come apart.” WATER ANALYSIS LAW IS EVADED, ENGINEERALLEGES Twenty thousand persons Ini Indiana daily face dangers inherent in a polluted water supply. A score of towns are evading the enforcement of the water analysis act and liability and responsibility for water hazards to the public. With these declarations a suggestion has been made to the State board of health by L. A. Geupel, State sanitary engineer, that better coopera tion may be obtained between State departments to prevent alleged evasion of the law. it was learned today. Cities File Statements The cities of Rochester, Winamac, Batesvijle, Vevay, Marengo, Hazelton, Petersburg. Vernon and others have filed statements with their charters at the pub!: ■ service commission, Geupei points out, stating they do not deliver water to the public for drinking purposes. The statement exempts them from Inclusion under Jurisdiction of the water analysis act. Occasional use of water, which these towns obtain from lakes and streams and sell without purification, has resulted in typhoid epidemics and Illness, according to the State officials, , Ohio River Water At Vevay water Is pumped out of the Ohio River without treatment and delivered to drinking fountains at schools, inspections by Geupel have discovered. The water supply at Rochester la obtained from Lake Manitou near the shore. The lake is heavily polluted in the summer, it is said. At Marengo, a spring along a creek derives its source from sink holes at the fairgrounds. Use of this spring resulted in a typhoid epidemic one summer, officials say, and It is regarded by the State as dangerous to public health. The entire matter will probably be taken up soon by the State board of health, it is understood.

11