Indianapolis Times, Volume 35, Number 298, Indianapolis, Marion County, 26 April 1924 — Page 11

SATURDAY, APRIL 26, 1924

BETTER BUSINESS SURVEYS AID 10 STOCKRECOVERY Active Building and Large Bank Clearings Factors in Improvement. The WALL STREET JOURNAL NEW YORK. April 26.—The weekly mercantile reviews called attention to activity in the building trades, large bank clearings and reduced stocks of goods in practically all lines. Allusion was also made of the improved prospects of the reparations settlement. These surveys gave some impetus to the recovery in the stock market, and further substantial gains were scored by industrial leaders in the early trading. Relative buoyancy was displayed by stocks such as Steel, Baldwin, Can, General Electric and Studebaker, while Cast Iron Pipe scored a sensational advance to 90 against the low of 81% in the previous session. First Hour The active stocks maintained a strong tone through the first hour and new highs on the recovery were reported by industrial leaders. Steel at 'lOl, Can at 102*4, Studebaker 86%, General Electric 214% and Baldwin at 113%. Short covering had a great deal to do with the continued rise, but considerable buying can be traced to some large operators and traders, who concluded there was too much company on the short side. Floor traders, at least a majority of them, are still bearish, and it is claimed big professionals have not switched their position. Something like fifty stocks are still loaning flat. Second Hour No further progress of the rally was scored by the principal stocks in the early part of the second hour, but tbc general list maintained a confident tone. Operations for the rise went ahead in various specialties. Associated Dry Goods sold at 94%, up approximately 5 points from the low of a week ago. Wall Street is looking forward to some constructive developments over the next few weeks. It seems certain that in the event of a big German loan, bankers will be in favor of a strong stock market. Closing Hour Stocks closed the week with an out-. burst of, strength which carried the Industrial leaders to new high groundj on the current recovery. It was evi-, dent that the undoing of an overcrowded situation on the short side was still the principal impulse behind the rally. But back of this force was the realization that the drastic decline, j which had proceeded virtually without interruption since the middle of February, had been carried to extremes over discounting such indica-1 tlons if business shrinkage as have I come to light and placing the market as a whole in a position for a vigorous rebound. Steel. General Electric,, Studeb&ker, Woolen, Can and Baldwin were the real leaders of the come-back. Rails were still irregular. . Twenty average industrial stocks Friday averaged 91.51, up 1.07 per cent. Twenty average rails averaged 81.31, up .17 per cent. Local Bank Clearings Indianapolu bank clearings today were: $2,621,000: for the week, 516.776.000. Bank debits were: So. 258.000; for the week, $32,926,000. Foreign Exchange By Lmti'l financial NEW YOKE. April 26.—Foreign exchange rails enjoys one of the strongest markets of the year during the day s abbreviated trading periods. Sterling demand finished at $4.38%. up 1 % points. Francs demand. 8.44 He. Lire, demand. 4 iSc Belgium, demand. 5.52 He. Marks. 4.500 billion to the dollar. Czecho. demand. 2 0 4c. Swiss, demand. 17.75 c. Holland, demand. 37.18 c. Pesetas, demand. 13.84 c. Sweden, demand. 26.30 c. Norway, demand, 13.87 c. Denmark, demand. 16.77 c.

Produce Markets UfDIANAPOLIS. April 25.—Fresh eggs. loss off 20c; packing stock batter. ::■><.■: spring’, over 2 lbs.. 23c; fowls, 5H lbs. up. 23c: fowls under 4% lbs.. 18c; Leghorn poultry, 25 per cent discount; cocks. 13c; stags ,18c young tom turkevs 12 lbs. up. geese. 10 lbs. up. 12c; squabs. 11 lbs to the doz.. 55.50; old guineas, doz , $4.50. Indianapolis creameries are paying 52c per pound for butterfat. CHICAGO. April 2 6.—Butter—Receipts, k 13.117; creamery extra. 36 He: standards, P 86%c; firsts. 34636 c; seconds, 33 i 13 Eggs—Receipts. 37.156; ordinary firsts. 206 20 hici firsts. 21 Me 622 c. Cheese—Twins. 16 B#,e: yoting Americas. 17tic. Poultry— Receipts. 1 ear; fowls, 23>525c: ducks, 28c; geese. 16c turkeys. 22c: roosters, 15c-; broilers. 486 36c. Potatoes—Receipts. 288 cars; Wisconsin round whites. $161.30: Idaho russets. $2 62.45: Minnesola and North Dakota Red River Chios. $1,356 1.55. CLEVELAND Apni 26.—Butter—Extra in tub lots. 40'a 642 He: extra firsts. 30's 6 41%c: firsts 37 H f " 30 He: pre-king stock. 26631 c; standard. 39 H 11 He; prints lc extra. Eggs—Fresh gathered northern extras. 26Hc: extra firsts. 25 He: Ohio firsts, 23c; western firsts, 23c. Poultry—Live fat fowls. 28 6 20c: springers. 28 6 30c Leghorn fowls. 25c: roosters. 18610 c; heavy white ducks. 30<fi 35c: medium fowls, 24 6 26c. Potatoes—Unchanged. NEW YORK. April 26.—Flour—Dull, unchanger. Pork —Dull: mess. $24.25625.25. xrd—Easier: midwest spot. $1110611.20. Sugar—Raw weaker: centrifugal. 6.28 c: refined quiet; granulated. 7.8068.25. Coffee —Rto spot, 15H613'ic: Santos No. 4. 18%@19Hc. Tallow —Firm; special to extra. 7'4 6 7 He. Hay—Strong: No. 3. 8130 @1.40. Dressed poultry—Quiet; turkeys, 20 @ 36c; chickens. 22@48c: capons. 33® 51c: ducks. 20623 c: fowls. 20'a 34c; ducks, ong Island. 20®25c. Live poultry—Quiet; geese. 12@15c: ducks. 13@30c; fowls. 27 fi 28c: turkeys, 20630 c; rooster-. 15c; chickens, 20c: capons. 406 50c: broilers. 33 <f 65c. Cheese—Steady: State whole milk, common *o special. 15H 625 c: State skims, choice to specials. 11 6 17c. Butter —-Easier; .-reamery extras. 37c: spe-iai market. 37 H 6. 38e: State dairy tubs, 32si 366 c: Danish, 38H@3Pc; Argentines. 336 35a Eggs— Quiet; nearby white fancy. 32fei 34c: nearby state whites, 26632 c: fresh firsts. 24% @ 29c: Pacific coast, firsts to extra, 26ii35c; westren whites, 26 @ 32c: nearby browns, 29 <g 32c. Chicago Stocks (By Thomson * McKinnon) —April 26 Open. High. Low. Close, a Arm pfd Ills 76 77 75 H 77 ■ Conti Motors 6 % 8H 6% 6H ” Natl Lea new 2H Mont Ward.. 25% 25H 25*4 25% Baeeick 30 H 30 H 30% 30% Swift & Cos. 102 102 101% 101% Stewart W.. 72 % 74 72 % 73 % Union Car 57 57 % 56 % 59 *4 Wahl 36 H 37*, 36% 37 % Yellow. Taxi. 48% 49 48H 48% New York Liberty Bonds —April 26 Prev. High. Low. Close, close. L B. 3%s ... 99.24 99.21 99.21 99.22 L. B. Ist 4% 9.100.9 100.6 1 00.8 100.8 L. B. 2d 4 Ha. 100.4 100 3 100.3 100.4 L. B. 3d 4%e. 100.16 100 13 100.14 100.13 L. B 4th 4H*. 100.11 100.7 100.9 100.8 *ew Oor-’t. . . 101.17 101.16 101.17 101.18 Note—Quoted in derimml thirty -seconds.

New York Stocks

Railroads— Drew. High. Low. Close. close, Atchison ....101% 101% 101% 101 % B& O 53% ... 53% 53% C & 0 74% 74% 74% 74% C. R &P. .. 24% ... 24 24 Erie 25 % ... 24 % ... Lehigh Valley 40% ... 40% 40% Mo Pan pfd. 38 % ... 38 % 38 % N Y Central. 100% ... 100% 100% Nor Pacific.. 51 ... 51 51 Norfolk 4W. 122% 121 121% 122 P-Marquette.. 46% 46 46% 46% Pennsylvania. '4O ... ... 44 % Re.iding >3% ... 53% 53% Sou Railway. 53% ... 53% 53 Sou Pacific.. 83% 88% 89 88% St. Paul pfd. 25 24% 24% St. L & S W 36 % 35% 36% 36 U Pacific 130% ... 130% 129% Wabash pfd. 45% 45% 45% 45% R lbbers— U S Rubber. 29% 29% 29% 28% Equipments—• Am Loeomo. 72% 72 72% 71% Baldwin L0e.113% 112% 113 112% Gen Electric.2l4% 214 214% 213% Pullman ....117 ... 117 116% Westingh El. 60% ... 60% 60% Steels— Bethlehem 52 ... 51 % 52 Colorado Fuel 35% 34% 35% 35% Crucible 54 % ... 64 54 Gulf States.. 71% ... 70% 70 Rep Iron & S 47 % 47 47% 47% U S 5tee1...101% 100% 100% 100% Minings— Gt North Ore 27 % ... 27 % 27 % Int Nickel... 12% ... 12% 12% Coppers^ Am Smelting 61 % 61 61 % 61 Anaconda 32% 32% 32% 32% Kfennecott. . . 38% 38% 38% 38% Motors— Chandler Mo. 47% 46% 46% 46% Gen. Motors. 14 13% 14 13% Max Mo “A” 43 42% 42% 42 Max M o*B" 11% ... 11% 11% Studebaker... 86% 85% 85% 85%

ALL GRAINS CLOSE LOWERINTRADING Wheat Prices Sag on Profit Taking, By United Financial CHICAGO. April 26. —Grains closed sharply lower on the Board of Trade today. Following a large amount of change over from May to July, wheat prices sagged on profit-taking. Crop news was generally favorable, rains hitting spots urgently in need of moisture. Little export business in Manitobas was reported. Corn held steady for a time, but weakened later with wheat and cash premiums. Poor demand prevailed for car lot corn. Many reports predict a liberal movement next week on account of improved roadbeds and diminished livestock. Oats were dull. Most of the provisions trade was confined to lard, which ruled dull and lower. Cash business slowed up and export business was only nominal. Late cables were steady. Chicago Grain Table —April 20— WHEAT— Prev Open. High Low Close. close. May . 103% 104 1 03% 103% 1.03% July . 1.06 1.06% 1.05% 1.05% 1.05% Sept.. 1.06% 1.07 1.00% 1.06% 1.06% CORN— May.. .77% .77% .76% .76% .77% July.. 78% 79 .78% .78% .78% Sept.. 78% .78% .77% .77% .78% OATS— May. .47 47 .40% .46% .46% July.. .44% .44% 44 % 44% 44% Sept .* .40% .40% .40% .40% .40% LARD— Mav 1065 10.05 10 60 10.60 1065 RIBS— May. 990 9.90 975 977 990 BYE— May.. .65% .65% .65% .05% .65 July. .67% .07 % .07% .67% .67% CHICAGO. April 26.—Car lot receipt* today were: Com. 104: wheat. 10; oate, 63.

Cash Grain INDIANAPOLIS, April 26—Total receipt, tor the day. 77 ears. Price* quoted f. o b.. 41 %c to New York: hay on track, Indianapolis Bid for grain and bay at the Indianapolis Board of Trade were: Wheat —Through billed: steady: No. 2 hard. [email protected]: No 2 red. §1.0101.04. Com—Easy: No. 2 white, 71® 73c; No. 3 white 70® 72c: No. 2 yellow. 71@73c No 3 yellow. 700 72c. No. 2 mixed. 70@72c; No. 3 mixed. 69® 71c. Oats—Steady: No. 2 white. 45@ 47c: No. 3 white. 44 0 400 Hay—Steady: No. 1 timothy. $22.500 23; No. 2 timothy. $22 0 22.50; No. 1 light clover mixed, $22 0 22.50; No. 1 clover hay. $21.500 22. —April 26 Wheat —No. 2 red 3 ears: No. 3 red. 4 ears No. 5 mixed. 2 cars; sample. 2 cars. Total, 11 oars. Corn—No. 2 white. 1 ear; No. 3 white. 4 cars: No. 5 white. 2 cars; No. 6 white. 1 car: sample white. 1 car: No. 3 yellow, 7 cars: X:> 4 yellow, 8 cars; No. 6 yellow, 2 cars; No 6 yellow, 1 car, sample yellow. 1 car. No. 3 mixed, 5 cars No. 4 mixed, 1 car :No. 5 mixed. 1 car; No. 6 mixed. 1 car; sample mixed. 2 cars. Total. 38 cars. Oats—No. 2 white, 3 cars; No 3 white, 16 cars: No. 4 white. 4 cars: sample wihte, 2 cars; No. 2 mixed. 1 car. Tota.. 26 ears. Ha.v —No. 1 timothy, 1 car; No. 2 timothy. 1 car. Total 2 cars. ST LOUIS, April 26 —Wheat—No. 2 red. $1.12 0 1.13; No. 3. $1.0801.11; No. 1 hard. $1.07%; July. $1.04%; September, 51.05%. Corn—No. 2 white. 81 %c; No. 3. 78% 0 79c: July. 79 %c: September. 77 %c. Oat=—No. 2 white. 50%@50%c; No. 3, 49 % @ 49 % c; No. 4, 49; May. 48 % c. TOLEDO. April 20.—Wheat.—*1.11 % 1.18. Com—B3 083% c. Rye—6Bc. Oats —53® 54c. Barley—77e. Cioversecd—sll. Timothy—S3.7o. AlMkc—i>9 50. Butter—42® 43c. Eggs—2o® 22c. Hay—s3o. Grain Briefs CHICAGO. April 26.—Progress of winter , wheat during the week was good in all States. Modem Miller report* Condition of crop in West and Southwest remains excellent. Planting of spring wheat in the Northwest is rapidiy nearing completion. This is earlier than last year and earlier than normal. Grain has not yet appeared above the ground, due to cool weather. Action of the market bears out the theory that nothing beyound trading for moderate irioe movements may be expected. This condition is expected to prevail until political interference is entirely wiped out. Calling attention to the jeduction of -:4,000.000 bushels in Indian wheat crop a.id a cut in the world's area of more than 5.000.000 acre*, a leading professional says If this year's yield is only an average outturn. the world's crop will total around 500,000,000 bushels less than in 1923. Warm and dry weather is needed to help the rew oats crop in many sections, according to reports at the pit. The wheat market fails to respond to the 1 news and the majority of traders are in a quandry as to the immediate trend of | values Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLINE—Energee. 22c a gallon: Puroi. 18.2 c: Red Crow-ii. 18.2 c; Diamond Gas, 18.2 c Crystal Pep. 21c: Target 18.2 c; Silver Flash, 22c; Standalind aviation. 23c. KEROSENE—Oystallne. 18.7 a gallon; Moore Light 15.5 c Arcllte. 12.7; Perfection. 12.7 c; Solvent. 36c. NAPTHA—-Lion Power Clean*. 22 6c a gallon; V. M. * P.. 22.5 c: Stmndollnd Cleaner*. 22.6 e.

(By Thomas & McKinnon) —April 36

Prer. High. Low. Close. close. Stewart-W. . . 74 73 75 % 72 % Willy s-O'land. 8% 8% 8% 8% Trans Con Ore 4% 4% 4% 4% Oils— Calif Petrol. . 24% 24 24 % 24% Cosden .34 % ... 33 % S3 % Houston Oil.. 86% ... 66 65% Mnrland Oil.. -‘5% 3-5 35 35 Lan-Am. Pete 48% ... 48 48 Pan-A. Pete B 37% ... 48% 40% Pacific 0i1... 50% ... 50% 50 Pro and Ref. 27% 27 27% 37 Pure Oil 23% ... 22% 23 Std Oil of Cal 00 59% 59% 59% Std Oil of N J 37 % 36% 30% 36% Sinclair 21% 21% 21% 21% Texas Cos 41% 41 41% 41% Yellow Cab 48 % Yellow Mfg. . 57% ... 57 57% Industrials— Allied Chem.. 70% 70% 70% 70 Am Can... 102% 102 102%% 101% A H & L pfd 54% 54 54% 54 Am Woolen. 60% 08 06% 66 Coca C01a... 60 % 66 00 % 66 Congoleum .. 41% 41 41% 40% Cont Can 48 47% 48 47% Davison Ch.. 40% 4040% 45 Fam Players. 71 70% 70% 70% Gen Asphalt. 36% . ... 36 36% Inter Paper.. 381, . .. 37% 37% Mont &W... 23% 23 % 23% 23% Sears-Roe 84% . . . . 84 84 USCI Pipe. 90% 86% 89% 85% U S In Al.. 68% 07% 08 67% l'tllitlee— Am TANARUS& T. .125% 125 125% 125% Con Gae ... 62% 02% 02% 62% Columbia G.. 30% 35% 35% 33% Shipping— Am Int Cor. . 21 % .... 21 % 21 % In M M pfd. 34% 33% 33% 33% Foods— Am SugTa.... 42 % 41 % 42 42 % Corn Prod... 170% .... 170 170 C C Sg pfd.. 59% 58% 59 58 C-Am Sugar. 32% 32% 32 % 32 Punta Alegre 59 58 % 59 % .... Tobaccos— Tob P (B). . 30% 56 50% 55%

OILS AGAIN LEAD CURB STOCKS JTOJNEW GAINS Prairie Issue flakes Net Advance of Three Points. By United Financial NEW YORK, April 26. —The Curb market gave a good account of itself throughout the two-hour trading period. The oils were again to the fore, with Prairie Oil and Gas scored a net advance of three points. The news is that Prairie has contracted to purchase 500.000 barrels of MidContinent crude at present posted prices. The Standard Oils and the independent companies with holdings in the Salt Creek Wyoming field, ruled active and firm. Further impetus was given to the demand for oils stocks this morning by reports that California Crude will soon be advanced 25 cents a barrel. New York Transit, the Pipe Line concern enjoyed a net advance of three points. Imperial of Canada, Standard of Indiana and Standrd of Ohio were among the leaders. In the industrial group several of the specialties showed the best tone. Dubilier Condenser moved up a quarter to 33%, anew high for all time The support given this stock during the past few days over market conditions has been a feature of the entire Ust. New York Curb Market (By Thomson & McKinnon 1 —Closing— Bid. Asked. Acme Packing 4 Hi Curtis Aero, com 4 Curtis Aero, pfd 30 35 Dubiliers 33 % 34 % Mutual Oil 11 11 V, International Petroleum 18% 19 Kilby Oil 1% 1% Prairie Pipe 104 104% Standard Motors 2% 2% Salt Creek 25% 25% U. 8 Light and He it 75 80 U. s. Light and Heat. pfd.. 95 95% New Cornelia 17 % 18 Omar Oil 68 09 Standard Oil Indiana 50% 00% Standard Oil. Kansae 41 % 42 Stan laid Oil. Kentucky 105% IOOV4 Standard Oil. New York 41 41% Vacuum Oil 61% 02% BONDS ADVANCE FURTHER IN END-OF-WEEK TRADE Liberties Hold Most of Friday's Gains—Fresh Buying Limited. Bu United Financial NEW YORK. April 26.—The bond market rounded out a uniformly successful week with a further upward movement during today's abbreviated trading session. The 3% per cent money rate ruling over the week-end for the first time in many weeks, enabled Liberty bonds to hold most of the gains scored on Friday, although j fresh buying was limited. I With the prospect of German I financing under the auspices of the ! reparations commission in the not too | distant future, the foreign loans are j expected to play an even more active part in the scheme of affairs in the bond market than they have during the past few weeks. Pool support is pushing the Serbian 8s steadily higher. Anew high for the year at 80% was established this morning when traders were looking for profit-taking. A feature of the rather active railroad bond group this morning was the ascent to par of the Southern Railway 6s. Traction mortgages were little changed. Corporation bonds were dull, but reasonably steady.

In the Cotton Market By United Financial NEW YORK. April 20.—Cotton market opened steady, with May at 30.50 c, off 15 points; July 28.85 c, off 5; October 24.84 c. off 6. The cotton market was barely steady, with the buying rather of a better class than the selling. Spot houses continued to support the near mouths on the broaks. and it looked as though the spot situation still holds a kick. Open. High. Low. Close. January 23.87 23.87 23.00 23.00 May 30.50 30.70 30.07 30.12 July 28.95 JS.9O 28.38 28.41 Ootober 24 84 24.84 .24.47 24.47 December 24.18 24.25 23.90 23.90 Hay and Straw Trade NEW YORK. April 26.—Market con tinue* strong and there is a scarcity of good grade hay. Some No. 1 hay is selling at $34 anew high price for the year. Large bails timothy No. 1 quotable $32 bid; No. 2, $29@31: No. 3. $26 028; small bales timothy No 1. $32 bid; No. 2. S2B @3O; No. 3, $25©27; large bales rye OTw, sl9 @2O. Raw Sugar Market Bv United Financial NEW YORK, April 26.—Raw sugar opened steady. May, 4.50 c bid: July, 4.77 c; September. 4.77® 4.78 c. The raw sugar (tiarket closed lower, off 3 to 7 points. Closing prices: May, 4.49 c; July. 4.69 c: September. 4.71 c; December, 4.28 c; March, 3.68 c. Gold and Silver By I nitetl Financial LONDON, A••••-- 26—Bar silver, 33d, off, %and: forward 3: and. off %and. 1 Police Are Outdistanced Police were unsuccessful in chasing a young man who for several days hue been accosting small girls in the White River bottoms. According to Motorpoilcemen Tague and Ferguson, the man? wore a blue suit, dark hat, ha* a smooth face.

THE INDIANAPOLIS TIMES

HOGS STEADY TO FIVE CENTS LOWER Most Initial Dealings Made at $7,60, Hog Prices Day by Day Apr. 250-300 lbs. 200-275 lbs. 150-180 lbs. 21. 7.50 7.65 7.05 22. 7.65 7.65 7.65 23. 7.55 7.55 7 66 24. 7.45 7.45 7.45 26. 7.60 7.60 7.00 26. 7.00 7.60 • 7.00 On a rather slow and uneven market, hog trading ended the week on a steady to 5-cent lower basis at the local livestock yards today. Dealings started satisfactory at the $7.60 level, as compared to $7.60 at which the bulk moved on Friday and to $7.55, the weaker closing on the previous day. Demand from outside account and local packers was only moderately active and after the Initial deals, trading came to a slight halt. A number of hogs found a market on the $7.55 basis before trading was completed and it was believed the close would be weak. For the past several days sows and pigs have been moving at practically the same level, down from $7. A few sales of light weight smooth stock sold for $7. Most of this class commanded around $6.75 with roughts priced from $6 to $6 40. One lot of 140 pound pigs sold at $7. Lighter weights found a poorer market at a lower price. In looking over the past week it is found that on several days, receipts have been large and in most of these cases the demand was unable to effect a clearance. The high quotations of the week were on Monday and Tuesday with bulk of the offerings moving at $7.65. The low spot was reached Thursday at $7.45, the minimum since the latter part of February. Hogs on sale today numbered approximately 5.000 including 1,681 held over from Friday. Cattle trading was of the usual week-end variety, with practically no stock in the pens, probably 100 head. One buyer was In the market taking one lot of cows at steady prices. The week’s dealings were consummated on a practically steady basis with the previous week's decline. On nearly every day the market showed signs of weakening, but outside of being rather soft in spots, held up satis'' ctory or. account of light receipts. According to traders, If any class of stock has suffered it has been In the good steer division with the price shaved about 25 cents. This is in contrast to the market of the previous week vhen female stock, especially heifers, suffered from the downward trend. With only 150 calves in the yards, the price slumped badly, off a dollar to a top of $lO for the choicest veals. Bulk of the sales were made at $9 to $9.50, while poorer grades were quoted off a good dollar and In some cases more. The market of the past week has been erratic with gains and losses of 50 cents to one dollar being made, in one instance, on the same day. The market of the week started off with a poor demand on Monday and fell to a low mark Tuesday and today at n $lO top price. Thursday and Friday proved the best sales day when the choice was bringing sll. Practically no sheep were received as has been the case all week. Nearly all classes this week have ruled da cidedly lower as compared to the previous week. Quotations today were nominally steady with Friday. Choice lights • 700 Light mixed 7 00 Medium (taxed 7.55 Heavyweights 7 50® 700 Bulk of sales 7 00 Top 7.00 Packing *ow* 6.25® 7.00 Pig# 6.00® 7.00 Cattle— Prime porn-fed steers. 1 POO to 1,800 lbs S [email protected] Good to choice steers). 1.000 to 1.100 lbs 8 50® 9 00 Good to choice •tcer* 1,000 to 1.200 lbs 7.50® 9.00 Good to choice steers. 1.000 to 1,700 lbs .-. |os@ 7.50 Common to medium steers. 800 to 1,000 lbs 0 00® 700 —Cow* anil Heifers— Good to light helfars $ 600® 9.00 Good heavyweight 7.00® 800 Medium heifers 6.00® 7.00 Common heifers 3.00 ® 6.00 Fair raws 6.10® 7.25 Cutters 3.75® 3.25 Carmors 2.76® 3.75 —Bulls — Fancy butcher bulls $ 5 00® 0.00 Good to choice butcher bulls. 5.00® 5.50 Bologna bulls 4.25® 4.75 —Calves—cfiolee veals 9.00® 0.60 Good veals 7.50® 8.50 lightweight veals o.oo® 7.00 Common heavies 5.00® 7.00 Top 10.0(1 —Sheep and Lambs— Extra choice lambs $13.00® 15.00 Heavy lambs 10.00® 13.00 Cull lamb), 6.00 @IO.OO Good to choice ewes • 6.00® 8.50 Culls 3.00® 5.00 Spring lambs 12.00® 18.00 Other Livestock CHICAGO. April 26.—Hogs—Receipts. 4 000 market steady. 5c higher: top. $7.45; bulk $7.05 @7.40; heavyweight. $7.15® 7.46: medium. $7.1007.40; light, so.Bo® 7 40: light lights. $5.90®?.25: heavy packing. smooth. $0.75® 0.90; packing sows, rough $0.0O@flO5: killing pigs. $4.50® 050 Cattle —Receipts. 500. market compared last week beef steers very uneven; steer grades. 50®76c off: spot*. $1 off: UPds under $9.50 steady to 2oc off: fat shestoek and most grades hulls, 6c off: canners and cutters 15c down: veal calvcß 75a to $1 oft; oxtre top matured steers. $12.50; best at close, $11.25: extreme top yearlings earlv $11.50; bulk prices beef steers and years $9 [email protected]: Stockers and feeders. $0.25@8: fat she-stock. $5.50@8 canncrs and cutters, $2.75®385; veal calves. $7.50 @O. Sheep—Receipts. 2,000' market nominally steady; for week, 0,000 direct, 170 cars feed lot: compared last week fat lambs, steady around 25c down: tn-between grades and heavies show’ most decline: fat sheep. $3 @2.50 off: best fat wooled lambs for week. $1660: top clipped lambs. $10: bulk fat lambs $15.50® 10.50 r shorn kinds. $13.75 @14.75: wooled ewes. $8.50® 10.50: clipped $8 @9.75: few spring lambs out of line, up to $25. CINCINNATI April 26. Cattle—Receipts. 325: steady; steers, good to choice, sß® 10. Calves,—Market steady; good to choice, $9 @lO, Hogs—Receipts, 1.600: market steady; good to choice packers and butchers, $7,00, Sheep—Receipts, 1,150; market steady: good to choice, $7 @lO, Lambs—Market steady: good to choice, $lO @16.50: springers. sl3® 20. TOLEDO, April 26.—Hogs—Receipts, 500; market 10c to 15c higher; heavies. $7.50; mediums. $7.65®7.75; yorkers, $7.65® 7.75: good pigs. $0.75@7. Calves—Market s'ow. Sheep and lambs—Market steady. Butter —12® 43c. Eggs—2o@32o. Hay—s3o. CLEVELAND. April 26.—Hogs—Receipts, 4.000: market 10c higher; Yorkers $7.70: mixed, $7.75; mediums. $7.76; pigs. $7: roughs, $0.25; stags, $4.50. Cnttse Re ceipts. 150; market slow, unchanged. Sheep and lambs—Receipts. 500: market, steady: top. sls. Calves—Receipts. 200; market -Slow: top. sll. EAST ST. LOUIS. April 20 —Cattle—Re ceipts. 400; market steady: native beef steers. $7 @7.26: yearlings and heifers, $7.25 @8.50: raws. [email protected]: canners and cutters, [email protected]: calves, SK.SO@9; Stockers and feeders. [email protected]. Hogs—Receipts. 4.500: market 10c to 15c higher; heavies, $7.3007.50; mediums. $7.4007.65; lights, $7.1007.00; light lights, [email protected]; packing sows, $6.35 @0.75; pigs, $5.76® 0.90; bulk. [email protected]. Sheep— Receipts, 300; market nominal; ewsa, $4.6006.76;

In ‘Boy’ Part • ' ; * ", a . : . wmWm .••xg < • -■' , MISS HELEN BREEDLOVE Miss Helen Breedlove, 1448 Terrace Ave., took the ’ part of a schoolboy in the girls gymnastic classes of Manual Training High School Friday night at the school auditorium. About four hundred girls were on the program. The instructors in the gym classes at Manual are Miss Marjorie Clark and Miss Dorot y Siling. The feature stunt of the evening was "School Days," in which Helen Ridout, 1917 S. Delaware St.; Isabel! Nelson, 1709 Spruce St.; Rose Netherton, 1803 Miller St.; Josephine Carter, 1129 W. ThirtySecond St.; Bertha Grer, 1419 Wright St.; Katherine Morris. 74 Schiller St., and Helen Draper, 1329 Leonard St., took part. cun tiers nnd cutters. $2.500650; wool lamb*. sl4 ti 16.50. EAST BUFFALO. April 26.—Cattle—Receipts, 125: market slow, steady; shipping steer*. $0 50® 11; butcher grades. $8 09.25; cows. $2 0 6.50. Calves—Hcralpts. 200; market siow and weak; cull to choice. $3 @lO. Sheep Mid lambs —Receipts, 1,200; market alow and steady; choice iambs, $lO @l7. cull to fair, $lO @ 15.50; clipped iambs. $9.50016: yearlings. $0.76012.50; sheep. s3® 9.75. .logs—Receipts. 3.200; market slow and steady to 10c higher; yorkers. $7 4008; pigs, $7 @7.40; mixed. $7.00 08; heavy, $7.9008; roughs, $000.75; stags. [email protected]. PITSBURGH. April 20—Cattle—Receipts, light; mantel, steady choice, $10.50011; good, $6.25010.25: fair. $7,[email protected]; vial calves. $9.50@ 10.50. sheep and .amba—Receipts. 2 double deckers market, lower; prime wethers. SBOB all. good t" - -n . <■>; lair mixed. $6.75@7: lambs. sls@ 20 Hogs —Receipts. 15 double dockers, market, higher. prime heavy. $7 850 795 mediums. W" lost 8.15: 1,-a y Yorkers, 1-8.10 @ 8.15 ; light Yorkers, $7.40@ 7 75, pigs. $7 0 7.2a; roughs, $•>[email protected]. slags. $3.2503.75. KANSAS CITY. April 26.—Cattle Receipts, 300; calves 25. market for week, better grade beef steers to sell above $lO around steady; other fed steers a shade lower; Texas steers fully “teady; top matured steers. 512; yearlings strong to 25c higher; top calves, sll. latter grades she stock 10015 c higher; spots up; otlu-r grades steady to strong; bulls steady: best haudyweight and heavy calves strong, other grades 50c to $1 lower; stockers aud feeders steady to a shade higher; bulk prices, fed dorrs. *B® 10; Texas -deers. ss@B; beef cows and heifers, $4 500.6 50; camera and cutters $2.2504 bologna bulls, $4 25 @4.50; bulk veal to packers, so@9: stockera and feeders $6.500 8; top fat feeders, $9 50. Hogs—Rec* ipt*. 2.000. market 10 it 15c higher to shippers: top. $7 50. packer market steady and lower; packer top. $7.15; buik good to choice 2100300-lb. averages, $7.1507.15; bulls. 140 to 160-lb. averages. $0 00 @7.50: bulk packing sow?. $6 00 00. Sheep—Receipts. 1.000, mostly direct; nothing of consequence on sale; market for week, fat lambs 25030 c lower; aged sheep dragging unevtstly SI @126 lower: feeding lambs better around 26c lower: week’s top wooled lambs, $10.25: springers. $16.35; clips. $14.10; bulk wooled lambs. $15.50® 10.15; shorn lamb-., $13.25® 13.85; brat clipped wethers, $9.60: clipped ewes. $9; buik. [email protected]; few wooled ewes, $9.50; best feeding lambs, $15.25; others, sl3® 13.85. BURTON CHOSEN G. 0. PiEYNOTER Ohio Congressman to Preside at Convention, By United Pren WASHINGTON, April 26. Representative Thurton Burton of Ohio will be temporary chairman and keynoter of the Republican national convention at Cleveland in June. His selection was approved by President Coolldge today in a conference at the White House with John T. Adams, chairman of the Republican national committee and David Mulvane of Kansas, head of the committee and David Mulvane of Kansas, head of the committee on arrangements for the convention. LIEUTENANTZENER RESIGNED APRIL 11 Policeman Off Pay Roll While on Political Missions, John Zener, erstwhile police lieutenant, today believed he had the laugh on some of his political c.ltlcs. Some opponents of Mayor Shank in his race for Republican nomination for Governor have been criticising Zeners travels over the State in Shank's behalf. He should stay at home and attend to police duty, they said. Today it was discovered Zener gave his resignation to Chief Herman F. Rikhoff, and although the safety board has not accepted it Zener’s name was taken off the pay roll April 11. Rikhoff. Prosecutor William H. Remy, Traffic Inspector Michael J. Glenn and Detective Inspector John Mullln declined to tell what took place in a conference they Acid in Mullin's office today.

FORMER EMPLOYES AGAINST GOVERNOR (Continued on Page 17) Cattle Company, J. L. Williams, manager,” totaling approximately $28,000, and asked whether the signatures were in his writing. “None of them are in my writing,” he said. “Will you explain how the name ‘Belle Fourche’ came to be used one year after the name was abandoned?” asked Elliott. The witness said he did not know. “Did you ever authorize any one to sign these notes for you?” asked Judge Anderson. “I didn't know they had been executed,” Williams replied. “Answer the question ‘Yes’ or ‘No,‘ ” Anderson insisted. ‘Did you ever authorize any one to sign these particular notes for you?” “No, *iot these particular notes.” “Is this the gentleman that took the 4 o’clock train to Chicago?” Judge Anderson asked. “Yes, this is the one,” Elliott replied. In previous testimony Elmer W. Stout, president of Fltcher American National Bank of Indianapolis, stated that, in 1923, Williams denied signing a note held by the bank and Governor McCray admitted he had signed Williams' name. Said She Would Take Train Stout testified that Williams came back, after the Governor left, and said he was going to take the 4 o’clock train to Chicago, after being informed that there was “danger” of grand jury investigation of McCray's affairs. Williams was shown twenty-two other notes, totaling approximately $83,000, signed “Butte County Land and Cattle Company, J. L. Williams, manager.” He said that he never had authorized the signatures and did not know of the notes’ existence until late in 1923. Williams said he knew of no consideration for these particular notes and did not know for what they were given. The notes al! were made payable to Governor McCray, who distributed them to various banks as “cattle paper,” according to previous testimony, after he had indorsed them. Williams said that on occasions, however, he had given the Governor notes signed ”J. L. Williams,” without reference to any cattle company. "I have here nineteen other notes, all signed J. L. Williams," Elliott said. "Look through them and separate those to which some other person than you signed your name." "They are ali in my handwrite,” the witness said after looking at the notes. ‘ "What is the total?" asked Judge Anderson. Elliott said the nineteen notes totaled approximately $91,000. Owed Governor $75,000 Williams then said he owed the Governor about $75,000, as he re>membered. Williams testifld that he had an equity of about $5,000 in one farm and about $6,000 in another. At one time, he said, he had a half-interest in the live stock on the ranch at Belle Fourche. The cattle was sold for less than enough to pay a $20,000 mortgage, Williams said. "Then you had a half-interest in less than nothing.” Judge Anderson said. "It may be so," replied Williams, a Westerner who said he was used to carrying on business "in the saddle." "1 don't think so.” "Well, it turned out so,” the judge said. Williams denied Stout's testimony that he, the Governor and Stout held a conference concerning the signatures on notes, and he denied Stout's statement on the stand that Williams said he did not sign the note in question. “Will you sign your name for me a fexv times?” asked Elliott, handing the witness a tablet and pencil. “That’s not a fair test —get a table,” said Attorney Noel. "That’s all right,” Williams said. "I’m used to writing while in the saddle.” The Government called Herbert S. Wood, associated with the Indiana National Bank, who qualified as a handwriting expert. Expert Testifies \fter examining the nineteen note? signed “J. L. Williams,” Wood said that, in his opinion, Williams had signed eleven of the notes and McCray eight. William Galloway, formerly manager of the lowa Cattle Company, said his company went out of business in 1922. He identified three notes payable to Warren T. McCray, as bona fide notes signed by himself. A. fourth note, for $3,073, however, which the Governor had discounted to Fletcher American National Bank, Galloway said he never had seen until Friday. Wood was recalled. He said that, in his opinion, this note was filled out and signed by McCray. A. Messman of Joliet, 111., formerly a business partner of McCray, testified that he and the Governor formerly owned the farm on which Messman now is located as a tenant, but that he Messman, disposed of his interest in 1922. When shown a stack of notes aggregating $173,760, signed “A. Messman & C 0.,” and made payable to McCray, Messman said that he had not signed them, received any consideration for them or had any knowledge of their existence. He said they did not represent an>%, transactions. Ijctter Extracts Read Elliott read Messman extracts from a number of letters written by Governor McCray to banks, In which it was stated that the Messman company was worth SIOO,OOO. Messman said that he had not been consulted about such statements. He said statements that the company was worth SIOO,OOO were untrue. A. E. Herriman, Newton County farmer and partner with McCray in A. E. Herriman & Cos., road and bridge contracting business, said the company was worth about $16,000, “at the most.” Statements in letters written by the Governor to banks and introduced in evidence said that the company was worth more than SIOO,OOO and that it owned 400 acres of land. Herriman testified the company owned no land. He was shown thirty-three notes

payable to Governor McCray and signed "A. E. Herriman & C 0.,” aggregating $134,050. He said that he never signed the notes, authorized the signatures or received any consideration for them. He said they represented no actual transactions. ‘•Customer” Letters Shown read letters introduced in evidence earlier in the trial written by Governor McCray to banks, in which he spoke of A. E. Herriman as “a customer." and said that the company washed to renew notes. Herriman denied that the company was a customer of the Governor, or that it ever had given the Governor a note or asked any renewals. H. A. Rinehart of Kentland, Ind., who said that he formerly was an implement dealer, but now was “loafing,” disclaimed ail knowledge of a series of notes, totaling $41,731, bearing the name of “H. A. Rinehart & Cos., made payable to Warren T. McCray. Was Silent Partner The Governor owned a one-fourth interest in the implement company, Rinehart said, but was a “silent partner.” , “Was he completely silent?” asked Elliott. “He was silent,” was the reply. “I bought and sold, kept the bank accounts and wrote the checks.” Rinehart said that the first knowledge he had that notes were being issued in the firm’s name without his authority came shortly before Christmas, 1922. “About Christmas. 1922, X received a letter from some bank about a note on our firm,” Rinehart testified. “I wrote a little note on the letter and sent it to the Governor. He answered on the same piece of paper. "My note on the letter read: ‘W. T. M.: Guess this is yours. Please don’t issue these notes. Herry Christ mas. Henry.’ “Merry Christmas, Henry” “The Governor's reply read: "Dear Henry: I will take care of this. Merry Christmas to you. W. T. M.' ” “Read that again—how did it go?” said Judge Anderson. Rinehart said that the Rinehart firm, according to inventory of April .50, 1923, had stcck worth SIO,OOO, and that the w r hole firm never was worth mor ethan $32,000, including bad debts. Elliott read a letetr dated Sept. 30. 1922. to the Peoples States Bank of Evansville, in which the Governor assured the bank the Rinehart Company was worth "at least $50,000.” W. E. Towers, private secretary to the Governor in his personal affairs, was recalled to the stand. He spent half an hour examining various series of notes issued against the Hickory Island, Rinehart. Herriman and other firms which have occupied the spotlight in the trial. Testifies on Writing In his opinion, Towers said, the several hundred notes he examined were written by Governor McCray— Body, signature and indorsement. W. J. Hendry, manager of the Morgan County Stock Farm, was the first witness this morning. After Hendry- testified briefly on cross-examination by Noel, defense attorney, he was excused. District Attorney Elliott called James T. Mattingly, president of the Farmers State Bank of Chrisney, Ind.; E. Nylin, vice president of the People s Stockyards State Bank of Chicago. and M. J. Kreisle, cashier of the Tell City (Ind.) National Bank, in rapid succession. Blows in support of the Government's contentions that McCray forged notes and sent them through the mail to banks were struck late Friday by District Attorney Homer Elliott. Amos D. Morris Witness Amos D. Morris, former cashier of the Discount and Deposit State Bank of Kentland, Ind., of which the Governor was president, identified ten “cattle notes” signed “H. A, Rinehart & Cos.” He testified they’ were written, body and signatures, by’ McCray. Morris was jointly’ indicted with the Governor on charges of conspiracy to violate the national banking act. Morris has pleaded guilty. Pale and worn, Morris told in a faltering voice the voluminous note transactions of his former chief. With glances at the Governor, who sat behind his attorneys nervously clasping his chair or toying with his watch chain. Morris said he never presented notes to Rinehart, who lives at Kentland, for renewal, but sent them to McCray. THOMPSON DRIVES CAR BUffIFOLDED Trip Through Traffic Made Without Mishap, Hayward Thompson, ex-Marine, mystified Indianapolis when he drove his Willys-Knight blindfolded through downtown streets at noon today. Thompson, driving alone, started at the south side of Monument Place, drove north to Ohio St., east to Pennsylvania Sst~, south to Washington St., west to Illinois St., north to Ohio St., and back to the starting point. “I don’t particularly’ need these these cops.’ said Thompson, referring to Sergeant Halstead and partner, who escorted the driver on motorcycles, “but it’s always nice to have a little ‘law’ along should something happen.” Sergeant Halstead Said before the start, “I’m keeping plenty, to the front and at one side of this bird,” After the drive Halstead said he would recommend Thompson to the board of safety for driver of the police emergency automobile. Thompson appeared to be nervous after completing the drive.

with The 7% Cumulative Prior Lien / Safety stock of this Company is a sound f£% TAX. investment, based upon the staf *** FREE bility, growth and prosperity of the 100 or more communities under state serV ed with Electricity, Gas or si plr\ ision Water, aIL public necessities. This Stock is tax exempt in Indiana and free from normal Federal Income Tax. Price, SIOO per share and accrued interest. Cash or on deferred payments Interstate Public Service Company Room 714 Wild Bldg. Indianapolis, Ind.

SUMER GARBAGE COLLECTION STARES ON NEXTJONDAY New Schedule in Effect for Ashes Also —City Is Redistricted, Summer schedule of garbage and ash collection of the city will start Monday, Truly Nolen, superintendent, said today. The change means garbage will be collected twice weekly instead of once, and ashes every two weeks instead of weekly. The change affects territory between the Monon Railroad, White River, Washington St. and Broad Ripple. Outside this district, thq change will be made one week later. Due to city growth, the sanitary department has announced a partial redistricting in certain sections for garbage collection. Citizens are requested to report complaints promptly to the board’s office. All territory west of Northwestern Ave. and north of Burdsall Parkway’ and all territory south of Burdsall Parkway between Fall Creek and White River will have Tuesday and Friday collection instead of Mondayand Thursday. In the district between Thirteenth and Sixteenth Sts. between the Monon railroad and Fall Creek the collection days will be changed from Tuesday and Friday to Wednesday and Saturday. Other changes will be announced later. MANY CIVILIANS IN FINAL DORSE SHOW PROGRAMED! Open Jumping Contest and Olympic Course Event Will Provide Thrills, Civilians will compete in many events tonight at the Army Horse Show in the Coliseum at the State Fair Grounds. There will be eight events on the program in addition to an indoor polo game between the Tenth and Eleventh Infantry. . Th first event of the evening will be the horsemanship class for civilians only. Officers' Club of Ft. Benjamin Harrison has donated the trophy. A novelty jumping event of which the kind of jump will be announced by the judges will be second a,d a three gaited class event third. ’ Fourth on the program, a best pair three gaited event for ladies and gentlemen has drawn many civilian entries as has the seventh event for best pair in the five gaited class and sixth event in the open five gaited class. One of the features of the evening will be an open jumping contest for which a cup has been donated by the Severin. An Olympic course event, in which the horses will make five jumps, will close the program. Thrills were provided Friday night in a "touch and,go" event. Only six of the list of twenty entries were able to make the first jump. The winner was Grey, riden by Capt. J. L. Shea. A large crowd also attended the program this afternoon. Tonight’s event closes the show which opened Thursday’. G. A. R. ANNOUNCES ‘EVERGREEN DAY' Will Raise $5,000 to Build Hall at New Home, Capt. Albert J. Ball, department commander Indiana G. A. R., today announced May 6 would be "Evergreen day," to raise $5,000 for construction of a hall at the new G. A. R. home, at 512 N. Illinois St. Ladies of the G. A. R., W. R. Cand other allied organizations will sell evergreen twigs. The new home was leased for tea years from Dr. Sollis Runnels at an annual rental of sl. Possession will be given May’ 1, The posts to occupy the hall are: Thomas Post 17; Chapman Post 209; Gordon Post 281 and Anderson Post 369, a total membership of 475. At present ono G. A. R. post is meeting in the attic of the courthouse and three posts over a garage at 222 E. Maryland St. A The following organizations be benefited by the drive for W. R. C.. Daughters of Ladies of the G. A. R.. Veterans and Sons of Auxiliary. Terre Haute Smoke Subject What Terre Haute, Ind., Is doing to eliminate the smoke nuisanoe will be discussed Monday at the luncheon of the Scientech Club at the Chamber of Commerce.

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