Indianapolis Times, Volume 35, Number 294, Indianapolis, Marion County, 22 April 1924 — Page 11
'1 U-ti&DAi, APKIL 22,
HEAVY SELLING IS AGAIN TONE ON STOCKEXCHANGE Oils Subjected to Pressure Despite Increased Ex- % ports, PACIFIC FREELY OFFERED Maryland and Sinclair Issues Reach New i Lows, The WALL STREET JOURNAL NEW YORK, April 22 —Nothing developed In the overnight news to change Influences at work on the course of the stock market, and heavy selling went ahead In the early dealings along the same professional lines as in Monday’s session. Oils were subjected to special pressure despite evidence of increasing export demand contained In figures showing petroleum takings of the United Kingdom, which totaled 29,000,000 imperial gallons in the five days ended April 12 aa compared with 23,000,000 the previous week. Pacific Oil was freely offered but displayed resistance above Monday’s low of 45 V 4 - Marland reached anew low on the move at 33*4 and Sinclair at 20. First Hour Judge Gary came about as near to committing himself that it was hoped to continue paying quarterly extras of one-half per cent on steel common as could be expected from a man in his position. He certainly made it plain that he considered maintenance of extras desirable as it would make dividend on the common equal to 7 per cent. Irregularity characterized first hour prices. Strength in C. & 0., Nickle Plate and other standard rails offset continued selling of various industrial specialties before steel’s annual meeting reports were circulated in the Street that Steel Common would be raided whether Chairman Gary’s remarks were bullish, bearish or indifferent. Noon Hour Sealing pressure lifted at midday when professionals found their driving tactics were no longer forcing liquidation of sizable quantities of stock. Recoveries of a point and more from the lows of the previous session took place in steel and other Industrial leaders. Rails continued to act well. The persistent buying of Nickel Plate and C. & O. appeared to lend confirmation to the belief that : any merger of these two roads will be profitable to both stocks. Coppers were another group whose action conformed to that of rails. Twenty average industrial stocks Monday averaged 59.18, off 1.96 per cent. Twenty average rails averaged 81.13, off .42 per cent.
Local Bank Clearings Indianapolis bank clearings Tuesday were 53.225.000 Bank debits were $5,4-19.000. New York Money Market By United Financial NEW TORE Apni 22.—Funds continue to pour into this center trom all sections of ths country. The rapid movement of tha cotton crop and other crops is automatically reieaain? huge sums which cannot be taken care of readily in the interior banking ceuter. CaU money renewed again today at *■ per ceitjuid continued through to the afternoon. Time money was very dull, with the AH per cent rate ruling for all dates. Commercial paper was named at 4 u per cent discount for prime names, others at 4 \ per cent, with a little paper offered as high as 5 per cent. Foreign Exchange By United Financial NEW YORK. April 02.—Foreign exchange opened higher. Sterling, demand. $4.38 T 6 : cables. $4.39 H. Francs, demand. 6.53 He: cables, 6.54 c. Lire, demand. 4.47 *4 c; cables. 4.43 c: Belgium, demand. 5.5644 c; cables. 5 57c. Marks. 4.500.000.000.000 to the dollar. Czecho. demand. 2.95 Vjo: cables. 2.96 c. Swiss, demand. 17.65 c; cables. 17.67 c. Guilders, demand. 37.27 c; cables. 37.30 c. Pesetas, demand, 14.03 e: cables. 14.05 c. Sweden, demand. 2631 c: cables. 26.35 c. Norway, demand. 13.84 c; cables. 13.88 c. Denmark, demand, 16.72 c; cables, 16.75 c. DEMAND GOOD FOR U. S. AND FOREIGN ISSUES Treasury U. S. 4 V*s Repeat Their Record High at 101.19. By Unite-. Pres* NEW YORK, April 22.—80th U. S. Government and foreign bonds were in demand in the early dealings. U. S. Treasury 4Vis repeated their record high at 101.19. In the foreign group. City of Bordeaux 6s, City of Lyons 68 and City of Marseilles 6s reached new highs for year. French government 8s at 99 7 £ were up % and 7Vis up Vs at 96. A feature in industrial group was the sharp break in Onl Agric Chem 5s to new low of 45. off 5 points. Wilson Ist 6s at 86 were off %i, and Punta AlegTe convertible 7s at 110 were off 1. The rails were steady with N. & W. convertible 6s 125, up The tractions were extremely dull but firm with IRT 5s up V 4 at 60Vi. Business News WINNIPEG. Manitoba. April 22.—During the seven months ending February, the number of ears of grain inspected in the west was 281.073. or 50.000 more than during the same period a year ago Os this number, 155.745 cars were credited to the Canadian Pacific Railway and the balance to other lines. VANCOUVER. British Columbia. April 22. —lt Is now assured that the port of Vancouver will h!p out 50.000,000 bushels of gram during the current crop year. Official returns to the end of March show that the receipts here had been 35.614.000 bushels, or 22.336.030 more than during the same month* last year. and there are five montha ■till to run. _ In the Cotton Market By United Financial NEW YORK. April 22.—The cotton nfiirket opened lower due to weaker Liverpool cables than expected. May opened 29.30 c. off 22 points; July, 27.60 c, off 30 points: October, 24 00c. off 35 points. Raw Sugar Market By Unit'd Financial MiW YORK, April 22.—Raw sugar opened steady; May. 4.430444a; July. [email protected]?c; August. 4.65a bid.
New York Stocks ißy Thomas A McKinnon) —April 22
Railroads— At Prev. High. Low. 12:45 close. Atchison 100% 100 % 100% 100 B i 0 62% 62 S 52% 52% C A 0 75% 74% 75% 76% C A N W.. 51 ... 50% 51 C, R A P ; . 23% Erie Ist pfd 31% ... 31% 31% Gt North pfd 56% ... 56% 56 Lehigh Valley 40% ... 40% 40% No Pac pfd. 30% 35% 38% 38% N Y Central. 101 100% 101 100% Nor Pacific.. 51 % ... 51 % 51 % Norfolk AW. 126 % 125 125% 125% P-Marquette. . 44% 43% 43% 44 Reading 53 % - .. . 52 % 62 % Sou Railway. 53% 62% 63 62% Sou Pacific.. 91% 80% 91 90% St. Paul pfd 25% 24% 25 24% U Pacific 130% ... 130% 130 Wabash pfd. 45% 44% 45% 44% Robbers— Kelly Spr 14 ... 14 14 CS Rubber.. 27% ... 26% 27 Equipments— Am Locomo. 70% 70% 70% 70% Baldwin L0c.109% 108% 109 108% Gen. Electric. 208% 206%- 208 206% Pullman ...115% ... 115% 114% Westingh El. 59% 69% 59% 59% Steels— Bethlehem 49% 48% 48% 49 Colorado Fuel 32% 30% 32 30% Crucible 52% 51% 52 52% Gulf States.. 66% 65% 66% 66 Aep I and S. 40 44% 44% 44% U S Steel... 96% 95% 96% 96 Minings— Yellow Cab.. 46% 45% 46 46% Yellow Mfg. 54% 51% 52% 52% Minings— Gt Nor Ore. 27 ... 27 27 Int Nickel ..12 ... 12 12% Coppers— Amer Smelt. 60% 60 00% 60 Anaconda ... 31 % ... 31 % PI % Kennecott . . 37 % 37 % 37 % 37 % Motors— Chand Motors 43% 43% 43% 43%
CURB IRREGULAR WHEN EARLY GAINS ARE LOST Attack on Oils General in Sympathy With Big Board. By United Financial NEW YORK, April 16.—Curb prices lost their early gains before midday and the market settled back for an irregular session. Attacks on the oil shares became rather general In sympathy with the trend on the big board. There were a few exceptions. Standard Oil of Ohio moving up 6 points to 287 and Mountain Producers % to 108. The cheap call money rate ruling again brought in some new business, according to curb houses doing a considerable wire business. The industrial shares traded on the curb were irregular, but did better than the oils. The tobacco and coal issues were steady to firm. Motors held close to the previous close. About the only feature this week in the mining shares has been the activity in Kay Copper, due to favorable reports regarding the company's property at Canon. Yavapai County, Arizona. Curb bonds were rather dull this morning with the principal trading being done in the public utilities. Produce Markets INDIAN APODLIS. Apn! 22.—Fresh egys. loss of 20c; packing stock butter, 2oc. springs, over 2 lbs. 23c: fowls. 5% lt*e. up 23c: fowls under 4% lbs.. 18c; Leghorn poultry. 25 per cent discount; cock*. 13c: stags. 18c: young tom turkeys. 12 lbs up. g-e*e 10 lbs. up. 12c: squabs. 11 lbs to the doz.. $5.50: old guineas doz.. $4 60. Indianapolis creameries arc paying 52c per pound for butterfat CHICAGO. April 22.—Butter—Receipts. 15,612: creamery. 36c: standards, 30% <•: firsts. 33% @ 34c; seoortd -e 32 % @ 3:S<\ Eggs —Receipt-,. 13 049: ordinaries. 20 % ® 21c. firsts. 22@ 22 %e Cheese—Twins. 16 %21 17c; Americans. 19%c. Poultry-—Receipts 5 cars: fowls. 23%26c: ducks, 28c: geese, 16c: turkeys. 22c: roosters, 17c; broilers. 50@5Se. Potatoes—Receipts, 490 cars: Minnesota and North Dakolo R.-0 River Ohio*. $1 35(ft 150; Nebraska, sacited. 813 @25. CLEYF.LAND. April 22. —Butter—Extra in tubs. 39'241c; exira firsts. 38%40c; firsts. 36@38e: packing stock. 23%30c: 9t3ndanl. 38 @4oc print*, lc extra Eggs —Fresh gathered northern extra* 26c; extra firsts 25c; Ohio firsts. 22%@23c: western firsts. 23c. Poultry—Live fat fowls. 2814290: springers. 28@30c; Leg horn fowls 25c: roosters 18®l9r:: heavy white ducks. SO® Hoc: medium fowls. 24% 26c. Potatoes—Michigan. $2% 225 Minnesota. 91.30% 1.50: New Turk 82.25% 2 35. all 150 pounds Ohio. fl @ 1 10 bushel; California. new, 53% 3 2.5 NEW YORK. April 22.—Butter Firm: receipts. 9.737: creamery evtras. 36 %c: special market. 37 4, 37% c; State dairy tubs. 314f 36c; Djiash. 37@38c: Argentines, 31 % 34 %c. Eggs—Firm: receipts 54.413: nearby white fancy. 35c: nearby State whites. 26%34c: western whites. 26%3d0: fresh firsts. 24% 29c* Pacific coast, 26% 37r; nearby browns. 29 4jffi2c. Flour—Dull and nominal. Pork—lnactive: mess. $24.75 % 25.25. Lard—Easier: midwest spot. SI 120% 11.30. Sugar—Raw- quiet: centrifugal. 6 28c:* refined quiet: granulated. 8% 8.25 e. Coffee—Rio spot 15 %,*: Santos No. 4 18%@19%e. Tallow-—Dull: special to extra, 7%%7%0. Hay—Firm: No. 1. 91.50 % 1.55: No. 3, $1.254?1.30. Dress'd poultry—Dull: turkeys. 20®36c: chickens. 22© 48e: canons 33® 51c: ducks. 20® 23c; fowls. 20® 82c: ducks. Long Island, 20© 22c. Live poultry—Dull and nominal: geese. 14®15e: ducks. 13®30c: fowls. 2P@ 32c: turkeys. 40® 60c roosters. 16c: chickens. 25®35c: capons, 65<975c: broilers. 50 @ 70c. Cheese—Steady: State whole milk, common to special. 15%%25c; State akims, choice to specials. 11% 18c: lower grade*. 4® 10c.
Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLINE—Energee. 22c a gallon: Purol. 18 2c Red Crown. 18.2 c: Diamond Gas. 18 2c: Crystal Pep. 21c; Target. 18 2c: Silver Flash. 22c: Standolind aviation. 23c. KEROSENE—Oystallne 12.7 a gallon: Moore Light. 15.5 c: Arclite. 12.7 c: Perfection. 12.7 c: Solvent. 35c. NAPTHA—T.Ion Power Clean* 22.6 c a gallon: V. M. & P.. 22.5 c: Standolind Cleaners. 22.5 c. Cloverseed Market Local dealers are paying slo® 12 a bushel for cloverseed. HOKE AGAIN ELECTED Other Officers of Community Fund Named by Directors Monday. Fred Hoke, secretary-treasurer Holcomb & Hoke Manufacturing Company. has been re-elected president of tfie Indianapolis Community Fund. Other officers elected by the directors late Monday at the Lincoln are: Alex R. Taggart, first rice president, and Frederic M. Ayres, re-elected treasurer. C. M. McCotter and Alexander Holliday of the Family Welfare Society, presented a report showing their organization needed additional funds. Request was deferred. TRAPS FOR MOTORISTS State Police After Speeders on Intfian-apolis-Franklin Road. “Speed traps” fr motorists on State road No. 1 between Indianapolis and Franklin are to be installed soon by State motor police, it was understood today. Timing devices will be used to catch drivers who exceed th* thirty miles an hour limit. Similar devices ara Understod to be ni use between Indianapolis and Richmond on th* National road. *
Prer. High. Low 12-45. close Gen Motors.. 13% 13% 13% 13% Max Mot A. 40 39% 40 30% Studebaker . . 84% 83% 84% 73% Stew-Wamer. 70% 09% 70 69% Timken .... 34 % ... 34 % 34 % Oils— Cal Petrol... 23 22 % 22 % 22 % Cosden 30% 29% 30% 30 Houston Oil. 64 62 % 64 61 % Marland Oil. 33% 33% 33% 33% I'an-Am Pete 45 ... 44% 44% Pan-A Pete B 43% 42% 42% 42% Paetfic Oil.. 46 45% 45% 46 Pro and Ref 24 23% 24 23% Pure Oil .. 21% ... 21% 21% St Oil of Cal 56% 55% 66% 65% St Oil of N J 35% 34% 35% 34% Sinclair 20% 20 20% 20% Texas Cos ... 40% 41% 40% 41 Transeont Oil 4 % 4 4 Industrials— Allied Chern. 68 67 % 68 67 Am Can 97% 96% 97% 97% Am Woolen.. 66 64% 64% 65 % Coca C01a... 63% 62 63% 62% Congoleum . . 41 % 38 % 40 41 % Cont. Can... 46 44% 46 45% Davison Chem 42 42 % 42 42 Famous P... 69 67% 68% 67% Gen Asphalt 32 % 32 32 % 32 Inter Harv.. .83% .... 83% 83% Mont A Ward 22% 22% 22% Sears-Roe. .. 81% 79% 80% 80% TJ S C I Pipe 78% 76% 77 76% U 8 In A1... 64% 63% 64% 64% Utilities — Am TAT. . .126% 126% 127 Con Gas 62 % 61 % 62 % 61 % Columbia G.. 34% 34% 34% 34% Shipping— Am Int Corp 20 19 % 20 20 In M M Dtd. . 31% 30% 31 31 loads—Am Sugar... 41% 39% 39% 40 Am Beet Sg. 38 % .... 38 37 Corn Prod. ...164% 164% 164% 164 CC Sg pfd.. 55 54% 64% 54% C-Am Sugar.. 31% 30 31 29% Punta Alegre 55 % 65 % ;55 % 56 Tobaccos— Tob Prod (B) 54% 54% 54
GRAINS START ON WEAKENED MART Wheat Traders Watch Action in Liverpool, By United Financial CHICAGO. April 22.—General weak ness prevailed at the opening of the Board of Trade here today. Wheat traders moved cautionsly while they watched action In Liverpool. That market which was closed since Friday, started fractionally lower, and at 2 o'clock show'ed an additional loss. Sentiment on the local board was mixed. Weather over parts oi the belt was cool, but little or no iltmage is expected. Keen outside competition weakene.l the corn market. The Argentine offli al report estimated the winter crcp at 274,000,000 bushels, twice as large as last year's production. A cjns‘derable quantity of this grain has already entered the world’s market. Domestic demand is slow. Oats displayed a better undertone than the other grains. Some cash business existed at the start. Provisions slumped with hogs and cables. Chicago Grain Table —Ajini 22 WHEAT— Prev o;**n High Low Close done. May.. 1.03% 1.03 % 1.03% 1.03 % 1.04 July. 1.05% 1.05% 105% 105% 106 Sept.. 1.06 V* 1.06% 105% 1.06% 106% CORN— May . .77% .78% .77*1 .77% .77% July.. .78% 79% .78% .78 - .78 % Sept. 78% .78% .78 .78% 78% OATS— May. 4'.% .47 .46% .46% .46% July.. .43% ' 44% .43% 43 it -. Sept. 40% .40% .39% .4040% LARD — May 10.80 10 80 10 70 10.70 10 82 RIBS— May 9.90 9.95 9.90 9 92 9 92 R 4 it— May.. .65% .65% .65% .65% .65% July.. .67% .67% .67 % 69% 67% CHICAGO. April 22—Cariot re<-cipts today were: Wheat. 21 corn. 131; oat*, 132.
Grain Briefs
CHICAGO, April 22.—A big cut in principal grain acreage ha* results from diveral hcatlon. the Department of Agriculture report shows. The cargo of Canadian wheat. recently shipped to Mexico in an effort to establish a martial there, ha* greatly pleased Mexican millers, the Canadian commission reports. The acreage sown to spring wheat In the Northwest is 10 per cent less than last year Conditions are above normal and crops mak ing satisfactory progress. The grain market ha* reached a point where aggressive buying is necessary to sustain values. Reduction in short interests had counted heavily against value*. General shipping demand for oat* is not heavy because of liberal Northwestern offerings East at relatively low prices Country elevator holders show a disposition to sell at present levels. The wheat surplus in exporting countries March 1. according to the International Institute of Agriculture, was 513,000,000 bushels. Estimated requirements up to Aug 1 next, 239,000.1)00 This leaves a world carry-over of 275.000,000 buaheis. BLIND FOLDED MAN WILL DRIVE AUTO Two persons walked to the desk at the Washington today and registered under the single name of Hayward Thompson. A dual personality is in the city. One of them once worked in a western town under the name of Thomas A. Anderson and was a successful business man. One of them is a normal young fellow, save for a scar over the left eye caused by a German shell in the days of BeUeau Woods. The other is a queer persons who can do incredible sums in his head and who says he will drive a WlllysKnight automobile through Indianapolis streets while blindfolded! Thompson will drive Saturday through the downtown traffic, obey all regulations and travel a designated route. Thompson served with the Fifth Marines and during the battle of Belleau woods was struck by a shell. After the war he was a victim of amnesia and declared himself to be “Thomas A. Anderson." Later a marine buddy met him, slapped him on the back and said “Hello, Thompson.” This served somehow to bring the veteran back to his right mind, he said. Garbage Wagons for Sale Twenty ol<i garbage wagons and parts of five Others were ordered appraised and sold at public auction by the sanitary board today. Other property which will be sold included six and one-half tons of scrap Iron and fifty pounds of brass.
THE iELAIAEAPOLJLiS TIMES
HOGS STEADY TO FIVE CENTS DOWN Kingan Establishes Early Price of $7,65. Hog Prices Day by Day Apr. 250-300 lbs. 200-275 lbs. 150-180 lbs. 16. 7.60 7.85 7.65 17. 7.50 7.50 7.50 18. 7.60 7.60 7 60 19. 7.76 7.80 7.80 21. 7.50 7.66 7.05 22. 7.65 7.05 7..05 The market for hogs held generally steady to 5 cents lower in trading at the local livestock yards today. Bulk of the offerings moved at $7.65, although a good many sales were made at $7.60, as compared to Monday’s quotation of $7.65 and top figure of $7.70, at which several lots were sold. There was an ordinary number of shipping orders and local and outside packers were fairly active. Kingan entered Into the buying early establishing the market at $7.65. The Producers Association put about 2,000 head on the early market at $7.65. Hogs in the truck division moved generally at $7.60. After the early price of $7.65, buying power fell off and the market temporarily halted with traders holding out at a price somewhat above the offering. A lot or two of heavy hogs averaging far abow 300 werq again below the average price and were selling from $7.40 to $7.50. While the market was Inconsistent with the active start and the buying power somewhat diminished after the first sale*, its was the opinion of traders that the close would be nearly steady at $7.60 and $7.65. A few choice smooth packing sows topped the market at $7, but the ordinary run was bringing considerably down from that figure with the bulk of sales at $7.60. Roughs were quoted from $6 to $6.50. There was a good demand for pigs down from $7.25. Receipts were heavy with 11,000 hogs in the yards inclusive of 157 carryovers. Cattle held steady with Mondayafter the 25-cent setback on that day. Good steers were In continuous demand with few of this type coming into the pens. Young female stuff Is rather a drag on the market, due to heavy receipts. Price for this class rules at $6 to $9, although it takes the best variety to bring the top figure. Cows were in better demand than heifers, but suffered from the lower market which has hit female stock. Trading was ordinarily active and offerings moved on a settled market. Receipts, 1,200. The poorest market of many days characterized trading In the calf division. Every class was off at least a dollar with only the very choicest and only a few scattered cases of these bringing the top price of $lO. Buyers found no trouble In obtaining veals at $9 to $9.50, the price at which most of the offerings in the good class moved. Ordinary stuff was lower accordingly and found a slow sale. Receipts, 900. As has been the ‘*ase for the past several days only a few sheep and lambs were In the yards, not enough to establish a real market. Nominal quotation for sheep was $lO for the best. lambs were priced sl6 down and quotations for those of the spring variety ranged from sls to S2O. a few in the yards today of a poor grade bringing the low figure. Receipts, 50.
—Hogs— Choice light* 5 Zn* Light mixed ' Medium mixed 7 Heavyweight* 7 @ Bulk of sale* 7 Tod 7.65 Packing 2’2*?2'22 o.QOu (.) —CtttUf— Prime corn f*d steers. 1.000 to 1.800 lb* • 9.00® 11.00 to choice steers. 1,000 to 1,100 lb* 8.50® 9 00 Good to choice steers. 1,000 to 1.200 lb* 7.50® 9 00 Oood to choice •teer*. 1,000 to 1.700 Hi* 0 05® 7 50 Common to medium steers, 800 to 1,006 lbs 0 00® 700 —(uwi aoi UeJfrrt— Good to light heifers $ o.oo® 9.00 Good heavyweight 7.00® 8 00 Medium heifer* 6 OO® 7.00 Common cows 3.00® 6.00 Fair cow* ...••••••••*.. 6.00® 7.26 Cutters 2.75® 3.25 Canners 2.76® 375 —Bill*— Fancy Dutcher bulls $ 5.00® 6.00 Good to choioe butcher bull*. 5 00® 5.50 Bologna bulls 4.26© 4.76 —Calve*Choice voals $ 9.00® 9.50 Good veals •••..*••• 8.50® 9.60 Lightweight veal* 7 00® 800 Common heavies 5.00® 7.00 Top lO.Ot) —Sheep and Lambs— Extra choice lambs. slß.oo®lßoo Heavy lambs 1().00® 13.00 Cull lambs > 6.00® 10.00 Good to choice ewes 5.00® 10.00 Culls 3.00® 5.00 Spring lamb* 18.00®20.00 Other Livestock CHICAGO. April 22.—Cattle—Receipt*. 10.000: market all classes slow; beef steers barely steady, shade off in spots; killing quality medium; most fed steer*, $8.26® 10.25; few of value to exceed $11: shestook. stockers. feeders and vealcrs steady; bulls weal.. lOe off: bulk veal calves. $8.50 ®9 Sheet) —Receipts. 12.000: market, slow; fat lambs steady to weak sheep fully 250 off; good fat wooled iambs. $16.25; good clipped lambs. $13.75: choice fat wooled ewes. $11; choice lightweight dipped ewes. 9.50: few sales spring lambs. s2o® 22. Hog Receipts. 30.000: market, uneven to 5® 10c off: top. $7.50: bulk. $7.20®7.45; heavyweight, $7.30®7.50: medium-weight. $7.25®7.50; lightweight. $0.80®7.50; light light, [email protected]: packing sows smooth, $080®0.95: packing sows, rough, $0.60® 6.80; slaughter pig*. [email protected]. CINCINNATI. April 22. —Cattl*—Receipts. 250- market, steady: steers good to choice, sß® 10: calves, market, lower: good to choice, $9 @10.50. Hogs—Receipts. 5,000; market, 16@250 lower, good to choice pickers and butchers. $7.85: sheep, rece'pts 75: market, steady: good to choice. s7® 10: lambs market steady: rood to choice, sl6 @18.60: springers. sl3 @2O. TOLEDO, April 22.—Hogs—Receipts, 400: market 6n to 10c lower; heavies, $7.05® 7.75; mediums, #[email protected]; yorkers. $7.76 @7.80; good pigs, [email protected]. Calve*— Market steady. Sheep—Steady. Butter—--40@41e. Egge-—2o® 22c. Hay—s3o. CLEVELAND, April 22.—Hogs Receipts, 3.000; market steady; Yorkers, $7.85; mixed. $7 85: medulms. $7.86; pig*. $7; rough*, $6.25: stags. $4.50. Cattle Receipts, 100% market steady, unchanged. Sheep and lambs—Receipts, 500; market alow; top, sls. Calves—Receipt*, 200; market slow; top, $12.50. PITTSBURGH. April 22.—Cattle— Receipt* light: market steady: choice. $10.50 @11; good, $9.25® 10.25; lair, $7.26® 8.50: veal calve* $11.50@12. Sheep and lambs—Receipts, 3 double decks; market slow and lower; prime wethers. $9.60® 10; •rood, $8.50@9: fair mixed, $6.60®7.50; lambs, sls @2O. Hogs—Receipts, 10 double decks; market lower; prime heavy, $7.80: mediums. $8.05 @8.10: heavy yorkers. SB-05 @8.10: light yorkers, $7 @7.60; pigs, $6.75 @7; rough. [email protected]: stags, $303.75. KANSAS CITY, April 22.—Cattle—Receipts. 8,000; calves, 1,600; better grades beef steers strong, others fully steady: 150 head fed steers averaging l 420 pounds. sl2: other desirable steers. $11.50® 11.25; better grades she-stock strong: beef cows, $4.50® 6.60: Texas cows. $6.16@7; calves slow; bulls steady: better grades stockers and feeders strong: others steady: best stockers, $8.75: bulk, [email protected]. Hogs—Receipts. 11,000: very little activity; shippers bidding $7.10 on 200 to 220-pind averages or 10@ 15a lower; bulk 140 A.150 averages, $6.00 @6.75; packing Sheep
—Receipts. 9,000: market, slow: no wooled lambs sold: few clipped lambs. $13.25 @ 13.75, or 15@20c lower; sheep fully 50c lower: clipped ewes. $9. EAST ST. LOUIS. April 22.—Cattle Receipts. 4,500: market steady to shade lower; native beef steers, $7.50 @9.75; cows, $5.25®6.50; canners nad cutters, $2.50® 3.50; calves, $8.50@9: stockers and feeders. $6.50 @7.50. Hogs—Receipts. 20,000; market. 15c lower: heavies, $7.25 @7 40 mediums. [email protected]; light, [email protected]; light lights, $0.25 @7.40; packing sows. [email protected]; pigs. [email protected]; bulk, $7.25 @7.45. Sheeji—Receipts, 2.000: market weak to 50c lower; ewes, $7.25® 11.25: canuers and cutters, $3 @7.25; wool lambs, [email protected]. G. O-PTfOOUNG VETERANS,CHARGE By United Press WASHINGTON, April 22.—Cash bonus advocates in the Senate today planned to demand a record vote on the cash plan on which they can go to the country in the coming campaign. Admittedly facing defeat in their effort to get a cash option plan in the new bonus bill—which probably will be passed before night—the insurgents have nevertheless decided to put every Senator on record in favor of cash compensation or insurance policies. The Republican insurance policy bonus bill Is an attempt to deceive the soldiers and at the same time to appease the wrath of financial interests, Senator Norris Sheppard charged. “The insurance bill has all the earmarks of an unholy Republican political game,” Sheppard said. “You are attempting to deceive the soldiers on on ehand and satisfy the financial interests on the other. Veterans themselves are opposed to your bill.”
TOWER SYSTEM CHANGEADVISED Th Board of safety received a recommendation from the citizens street car service committee today that the Washington St. tra;e tower be removed to Meridian St., north of Ohio, as part of a system to regulate traffic as far as Thirty-Eighth St. The committee also proposed to eliminate parking in the downtown district bounded by Delaware, Ohio and Maryland Sts. and Capitol Ave., from 7:30 to S:3O a. m. and from 4:30 to 6ln the evening. This plan would permit double traffic lines In rush hours, it was said. The board took no action. Marriage Licenses Dell Prichard. 57. laborer; Lena Hiehs. 30. Robert V. Kinney. 23, clerk; Louise Dunlap 19 Martin Shea, 20, tanner: Julia Martha Snell. 19. Walter It McCord. 29. cabinet maker; Katherine Jean Crock* Wood*. 31. Hoy Tlmage Cartwright, 29, engraver; Ida May Uiee. 19. Herbert F Poole. 22. *ailor. Florence Elizabeth Brown. 19. Errienl Johnson. 28 Bessie G Linder, 19 John Huston. 34 lather: Louie* Adele Timnioii*. 30. Arthur Bryant. 35. porter; Jessie May I*alah. 27. Vernon Lawrence Gooiee. 22, buffer; Olive Opal liopkin*. 19 ‘ Births Boy* Harry and Josephine Heokle, 44 N. Euclid. Pete and Lera Aldea. lt>24 W Morris. Mathew and Anna Stahl, 1547 Union George and Verna Purvla, 708 N. Capitol. William and Bessie Hayden. 2225 Station Antonio and Sume Rizzl. 1707 S. Sherman Drive Herman and Ola Otto. 520 Cottage. Girl* Charle* and Elate Ruch. 3030 Ruckle. Henry and Tula Phillip**. 827 Warren Ralph and Anna Mayhew. Thirty-Third anti Schofield William and Christabel McDonald. 2931 Brook aide Toney and Mary George. 208 Douglas. Elmer and Edna Wilhite, 412 E. TwentyThird Henry and Myrtle Hauser. 3550 9 Meridian. Charles and Catherine Ma.sen, 1424 S. Randolph. A**.hur and Wlnlfml Miller. 5115 E. St. Clair. Scott and Hilda Wall*. 2829 Moore Raymond and Ruth Cox. 454 W. TwentyNinth. Fred and Mcbel Kendall. 1926 S Talbott. Twin* Nicholas and Cora Grady, 220 W. Ray girl twin*. Deaths Solon K. Houser, 70. Long Hospital, pulmonary odema. William Earl Greene. 9 month*. 1721 Ludlow, broncho pneumonia Robs M Ellis, 64. 3808 Park, acute dilatation of heart, Robert Lee Edmonds, 2 months TwentyFirst and Itosart, broncho pneumonia. William Hisc. 67. 327 N. Pine, chronic myocarditis. Roslna Pfaff. 95. 720 S. Noble, arterio sclerosis. Edythe Mary Lapinska. 37, 4165 Broadway, carcinoma John Robert Bird, 08. St Vincent Hospital, lobar pneumonia. Edward Thomas McClain. 42, 1029 E. Washington, pulmonary tuberculosis. William Robert Shortzer. 1 hour, 1014 High, non-closure of foramen ovale Joseph J. Hebert, 65. city hospital, pernicious anemia. Mary Leary, 77. St. Vincent Hospital, hypostatio pneumonia. Jennie Ferguson, 04. 26 N. Kealing. acute myocarditis. Morrill Crawley, 32. 023 Fayette, acute gastritis. George W, Lewi*. 03. 954 Camp, pulmonary tuberculosis. Tllden H. Parks. 47. Central Hospital, pulmonary embolism. James Morrison. 60. St. Vincent Hospital, carcinoma. Frank H. Krleger. 47, 2025 Manker, acute dilatation of heart. Mary Etta Gtfford. 57, 2410 Roosevelt, carcinoma. _ William Murphy. 07. St. Vincent Hospital. Building Permits Raymond Tucker, dwelling. 2819 Caroline, $1,200. William Dehne, furnace, 413 N. Davidson. $065. H. Kenworthy, remodel, 818 8. Emerson. SSOO. Stephen Korzendorf, furnace, 1081 W. Thirty-Sixth. $242. Emma Muck, garage. 019 N. Garfield, $350 C. O. Grtnslado. dwelling, 4632 Kenwood. $4,000. 8. D. Sample. dwelling, 3906 Spann. $2,800. John J. Crehar. garage, 2713 E. Michigan. S3OO. Samuel H. Creighton, dwelling, 6617 Guilford, $3,350. ... James T. Eagleafleld. addition, 8319 N. Meridian, S2OO. James R. Lusk, addition. 2009 Son the astern, S4OO. F W. Long, garage. 718 E. Fifty-First, $250. | Emma Richey, reroof, 914 9. New Jersey, $240. Deranian Bros. Rug Company, repairs, 2709 Northwestern. SBOO. Charles Hensley, dwelling. 4333 N. Hovey, 82.500. B. F. Reilly, remodel, 311 N. Arsenal. S3OO. Dave Fridge, addition, 1704 Columbia, S4OO. Sam A. Coras, garage. 2716 Shriver. S2OO, Walter Evans, dwelling. 1821 New. SI,BOO. James B. Lanagan, garage. 1119 N. Dearborn. S3OO. 4 Emmett Donaldson, djrelllng, 1432 King, $3,800. Josle Taylor, furnace, 519 B*. Paul, S2OO.
TESTIMONY SHOWS ‘TRADING’IN NOTES (Continued From Page 1) might have been “Butte Land & Cattle Cos.” This indebtedness finally was reduced to SSOO, McCullough said. He identified a letter, dated Dec. 12, 1922, almost a month before the bank began business, in which McCray said that he had. several thousand dollars’ worth of cattle paper he wished to have discounted. “Paper Bore Indorsement” “This paper bears my indorsement, representing more than $1,000,000 in worth,” the letter said. John W. Johnson, cashier of the People’s Deposit Bank of Patriot, Ind., followed McCullough. Johnson was defeated In his race for the State Legislature by a Democrat in 1922. He said his bank discounted $2,600 worth of McCray’s paper, signed Morgan County Cattle Company.” He identified a letter from himself to the Governor, in which he said that the bank was short of funds, but “our kindly feelings toward ou rgood Governor prompt us to say we will answer liis letter by saying we take $2,500 of the three months’ paper in accordance with his proposition. “I was in Rising Sui) last night and met Lucian Harris, president of the Rising Sun State Bank. I happened to mention that we were considering the taking of $2,500 of your paper, not that we were seeking investment, but because we wished to show in a concrete maner our old good will toward the Governor. “He said, ‘if that is the way you put it, I want to take $2,500, too.” “Send It Along” “So, if you can furnish us $2,500 each of the three months’ paper, figure it up and send it along.” In answer to this letter, McCary sent one, identified by the witness, expressing regret at Johnson’s defeat in the race for the Legislature. The letter also enclosed $2,600 worth of paper for discount. “I devoted considerable attention to the campaign,” the letter read. “It was a great disappointment to me. The House will stand, 52 to 48. I am glad that we retain control. "As to the river route in which you were so interested it will appear on the next map and will receive Federal aid.” The river route referred to is said to be part of the State highway system. Johnson, according to reports, advocated naming the road "the McCray Route.” Bankers Wait Turns As the exhibits were read, bankers awaiting their turns on the stand smiled at one another as familiar phrases recurred. The tenor of the Governor's letters to different banks, Introduced in evidence, was much the same. O'Brien testified as to difficulties his bank had in attempting to collect notes given by the Governor. Marines In full-dress uniforms patrolled the second floor of the Federal' Bldg., keeping the curious throng from the courtroom doors. Fred Saint, cashier of the Farmers and First National Bank of Newcastle, was the first witness today. He resumed testimony where he left off when court adjourned Monday afternoon. lie said his bank had discounted a SIO,OOO note in 1922, signed “A. Messman & Cos." He identified a large amount of correspondence with the Governor, regarding partial payment and renewal of this note. Thought Concern Independent Saint said that at all times he believed A. Messman & Cos. was an Independent concern and that he did not know it was connected in any way with Governor McCray. The Government will contend that notes signed “A. Messman & Cos.” were In fact made out by the Governor. In the final analysis the Jury probably will be called upon to decide the question of intent. Many of the transactions charged by the Government will he frankly admitted by the defense, attorneys for Governor McCray indicated In cross-examination of witnesses Monday, but it will be contended that no intent to defraud w*as present in any Instance.
Trial Moves Rapidly Evidence the opening day Included a tremendous mass of correspondence and notes. This correspondence showed that the Governor wrote letters to hanks offering them “cattle paper,” which he said represented sales of cattle to his customers. These notes bore his Indorsement. Makers of these notes were McCray’s own concerns, or were non-ex-istent the Government Is attempting to show. Testimony that the various cattle companies and farms whose notes were discounted by Governor McCray were all “one-man affairs' was given by W. E. Towers, his private secretary in his personal affairs. Five Bankers on Stand Five bankers who testified Monday were: Theodore Wentz, president of the Lincoln National Bank of Ft. Wayne: Albert G. Wedeking. cashier of the Dale State Bank, Spencer, Ind.; C. R. Smith, cashier of the Farmers State Bank of Preble, Ind.; C. B. Fitzpatrick, cashier of the Dunkirk State Bank; Fred Saint, cashier of the Newcastle Farmers and First National Bank. Two notes sold the Ft. Wayne bank, one of them a $7,000 note signed “A. Messman & C 0.,” were identified by Towers as written, signed and indorsed on the back In the Governor’s hand. The correspondence from Wenta consisted mainly of efforts to have the notes paid after maturity and threats of law suits. Correspondence Introduced Letters to the other bankers said the Governor held a large amount of “well-recommended cattle paper, to which his personal signature added more than $1,000,000 security, and asked if this or that bank "could use some.” The makers were "good,” said the letters,' as the Governor had “made personal investigations.” Then, in each case, followed the correspondence on paying the notes, the Governor in many cases saying "my customers are not ready to sell and
wish an extension of time,” and the bankers replying that money "is tight.” All the bankers testified they did not know the firms and names signed to notes were McCray connections, but thought he had taken them in due course of business for cattle. That the trial will be speedy was shown by Judge Anderson holding court until 5:30 p. m., and his Instructions to the jury just before it was locked up for the night. “Gentlemen of the jury, under the circumstances, you will not be allowed to separate,” he said. “I promise you , hat we will work hard and long and get j’ou back to your families as .speedily as possible.” TONER AT LUNCHEON The Indianapolis Gyro Club heard E. C. Toner, Anderson, candidate for the Republican gubernatorial nomination, at luncheon at the Lincoln today. Toner will attend the meeting of the Irvington Republican Club Saturday night. The week’s itinerary: Bedford, Wednesday: Brazil, Thursday; Crawfordsvllle, Friday night. Friday morning he will address Wabash College students and will speak at Waveiand in the afternoon. Mexican Revolution Ended Occupation of Merida, Mexico, by Mexican Federal forces means the end of the present revolution, Col. Russell B. Harrison, Mexican consul at Indianapolis, said today. He received word of the victory of President Obregon's forces from F. A. Persqueira, Mexican consul general at New York.
Washington Bureau The Indianapolis Times 1322 New York Ave., Washington, D. C. Any one of the following booklets may be obtained for five cents. Any two of them may be obtained for eight cents, and any three or more at the rate of three cents each in postage stamps or money order. (Clip from here down. Send the coupon to ashington address, not to Indianapolis). I have marked an “X” beside the bulletins on the list below which I want and enclose cents in loose postage stamps for same:
Send the ones marked “X” to— X <ime ...■.■••• *.• • - -..., •••• *k • m •** •• - • • Street and No ......... City .m.. State
AMUSING CHILDREN—A bulletin telling how to make homemade toys, Christmas ornaments, paper dolls, etc., to keep the youngsters busy and happy. THE ART OF DRESS—A bulletin compiled from expert sources which covers styles, materials and suggestions for dress for all occasions. THE BEAUTY BOOKLET—A bulletin compiled by experts containing recipes, formulas and suggestions for all sorts of beauty and toilet preparations. THE BRIDE’S BOOKLET—From the engagement to the honeymoon: what you want to know about everything connected with the wedding. CAKES AND COOK lES—Recipes of all kinds for many dainty and toothsome cakes and sweets for parties, functions and everyday use. CARE OF CANARIES—AII about your pet birds, how to care for them, feed them, what to do when they are sick; how to breed and rear the yellow’ songsters. CONGRESS—The Inside workings of the national legislative machine; how it operates, how laws are made and not made, and facts and figures about the legislative body. CONSTITUTION OF THE U. S. —A neatly printed, vest-pocket size edition of the fundamental law* of the U. S., with full text and all the amendments. CANDY MAKING AT HOME—A complete manual for the homecandy maker, containing full directions and hundreds of recipes for candy-making. HOME CANNING OF FRUITS AND VEGETABLES—An indispensable kitchen manual prepared by government experts on canlnng methods. CONCRETE FOUNDATION WALLS AND BASEM ENTS—How to mix and poor concrete, with formulas and full directions for its use. CONSERVES. JAMS, MARMALADES and PRESERVES— Tells how to “put up" all these dainties in your own kitchen for winter use. ETIQUET FOR EVERYBODY—A complete condensed manual of etiquet for all occasions. How’ to avoid embarrassing situations gracefully. FLOORS AND FLOOR COVERlNGS—Everything about floors, from how to lay, finish and polish what carpets, rugs or other coverings to use. FOOD FOR YOUNG CHILDREN —Full of valuable suggestions for the mother of young children, with recipes and suggested menus, scientifically w’orked out. THE CARE OF GOLDFISH —Valuable suggestions, prepared by government experts, on the proper care and feeding of your aquarium. MEATS AND MEAT DISHES —A cookery bulletin dealing with all sorts of meat dishes; recipes and full directions are given. REMOVAL OF STAINS —This book Is a chemistry textbook in simple language, telling anybody how to remove any sort of stain from clothing and cloth material. SALADS AND SALAD DRESSING —Full of suggestions for dainty salads and dressings, by means of which meals may he varied by the housewife. SUGGESTIONS Contains sixty suggestions for dainty sandwiches. Solves the problem of “what to have” for luncheon. HOW TO PLAY MAH JONGG —A booklet giving authoritative rules of the game and a dear explanation of how it is played. Every step Is explained. SOUPS —A cookery bulletin containing recipes for all kinds of nourishing soups, compiled with the advice of government expert dietitians. SCHOOL LUNCHES— - bulletin for mother to tell her how to prepare simple, but nourishing midday meals for the boys and girls to carry to school. WEDDING ANNIVERSARY PARTIES—A booklet showingThfT proper gifts for each of the anniversaries from the first to the 75th and suggestions for menus, etc. WHITEWASH AND COLD WATER manual for mixing and applying such paints inside or outside to get the most satisfactory results. DEBATES MANUAL —An excellent booklet for the school boy or girl. Gives outline of debate methods, lists of subjects of current interest and general hits. PIES, PUDDINGS AND PASTRIES—A booklet containing six recipes for delicious desserts and how to serve them. HOW TO DANCE —A six-page booklet fully illustrated, showing the novice, the correct pi&itions and dance steps of the stand-*! ard dances, with -Jull instructions.
130 STUDENTS IN ISICCONTESTS Twenty-Nine Organizations of Ten Schools Enter. Complete schedule for contests to be held between musical organizations of Indiana high schools entered in the music week inter-high school music contest, May 4 to 10, at Cudle Tabernacle, has been announce! by the executive committee of the Chamber of Commerce fine arts and music week committee. Twenty-nine musical organizations representing ten high schools have entered. Substantial prizes will be awarded to the winners at the evening recital of Madame Schumann-Helnk, who appears at the tabernacle under auspices of Mrs. Ona B. Talbott. High schools entered are: Bloomington, Brazil, Arsenal Technical, Indianapolis; Shortridge, Indianapolis; Bluffton, Marion, Gary, Ajiderson, Richmond, Emmerich Manual training of Indianapolis. At least 1,200 students will tak# part. Elderly Woman Found Dead By Times Special VALPARAISO, Ind., April 22.—The body of Mrs. Lorenda Tratebas, 75. was found in her home in Chesterton. A note said she was going to take her life.
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