Indianapolis Times, Volume 35, Number 305, Indianapolis, Marion County, 5 May 1924 — Page 11

MONDAY, MAY 5, 1924

GERMAN ELECTION NEWS ENCOURAGES •jRADEON STREET Victory Predicted for Party Championing Dawes Plan. INDUSTRIAL LIST STEADY Studebaker and American Can Gain in First Hour. The WALL STREET JOURNAL NEW YORK, May 6.—Financial sentiment was encouraged over the week-end by returns from the German elections indicating victory for the coalition government which is pledged to reparations fulfillment and the carrying out of the Dawes plan. A slight gain in francs was the feature of the general steadiness among the principal foreign exchanges, while a confident tone among the industrial leaders characterized the early dealings on the stock exchange. Colorado •1 and Iron continued its rapid adice, reaching a further 1924 high at 40 *8 as against last week's low of 32-&. First Hour Industrials maintained a fairly brisk pace during the first hour and additional gains on the rally were scored in American Can, which reached 103% and in Studebaker. which attained 84 L. Equipments were a strong group. Beldwin selling at 11314 as against last week’s low of 108%, Car and Foundry at 160 against 157 and Railway Steel Spring, at 113 against 110. More interest is being displayed in the securities of the mail order and chain store companies as a result of the rising sales as compared with the falling off in business in other lines of industry'. Second Hour Various groups showed pronounced strength in thp second hour. Coppers were in demand under the lead of Chile, which reached anew high on the move at 28%. reflecting its favorable . osition as a low cost producer. Shipping shares moved forward in the wake of strength in Marine preftrrred, which bettered its previous 1924 high in a spurt to 38 a s. against last week’s low of 31%. Pub--19 utilities wer led by Brooklyn Edison. which made anew high on the move at 114%. Virginia Railway and ♦wer sold at 40%, its record 1924 ice. ! Rails dii played a strong tone with Nickel Plate and Norfolk & Western acting best. Fourth Hour A drive on oils which broke Atlantic Refining three points to 107 % and caused recessions of a point in Marland and Pan-American B. failed to disturb the rest of the list. In the fourth hour, recovery . was resumed among industrial leaders. Studebaker reaching new high ground on the move at 85 and Allied Chemical at '4. Tobacco issues showed special strength. .Schulte moving up 5 points to 106 and Tobacco Products advancing to 59 against last week's low of 55%. Buying of these stocks reflected the bullish attitude regarding the gen eral market of important tobacco interest. Final Hour Money continued in liberal supply at 3% per cent through the afternoon and industrial stocks maintained a strong tone at the best levels of the movement, with Studebaker leading. Buying of this stock in large blocks above 85 was reported for the account of a trader long prominent in the motor industry. Davis Chemical was an outstanding feature of the industrial specialties, reaching new high ground on the movement at 53%, up practically ten points from last week's low. Twenty average industrial stocks Kiturday averaged 91 93, up .25 per cent Twenty average rails averaged 81.51, up .03 per cent. Local Bank Clearings Indianapolis bank clearings Monday were $3,406,000. Bank debits amounted to $6,146,000. Foreign Exchange By tutted financial NEW YORK. May s—The leading foreign exchange rates ruled .-lightly higher at the close. Sterling stood $4.38%: francs. 6.45%c: lire. 4.48 Uc: Belgium. 5.27 c; German marks. 4.210.000.000.000 to the dollar Csecho. 2 04c. Swiss. 17.79 c; Holland. 37 40c: pesetas. 13.87 c. New York Money Market Bu United Financial HEV. YORK May s.—Money was in plentiful supply here this morning interior banks sent large sum* here for temporary employment, hoping to see a r.se from the 3% per tent rate which ruled in Otli money over the week-end. Call money mu-wed at 3'- and held through to the afternoon at that level. Time accommodations were dull, with 4 tier cent bid and 4 % offered on shorter maturities. Commercial paper was quiet, with prime names quoted at 4V* and other good names at 4 % . Bankers' acceptances were well taken. Business News NEW YORK May s.—The adantage* of bonds over real estate as a business man's investment are emphasized by F. E. Sanford in an article in the current issue of the Credit Monthly, the official organ of the National Association of Credit Men. Pointing out that when : *al estate is not it is one of the mo*t unliquid forms ' property, the waiter -ays that com modifies, even during a decline in price, are bought and sold, but real estate becomes a dead issue except as it is thrown on the market by owners whose credit has been strained. “Commodities in everyday use are gradually being consumed through wear and tear They are not likely to be liquidated with too great sacrifice. If there is a surplus of goods, it will disappear through the necessity of ordinary demands. Real estate investments, however, must await a complete turn of the real estate market. ,. Raw Sugar Market Bv United Financial NEW YORK May s.—The raw sugar market opened steady, with futures in line, jrlth May 4.1004.25 c; July, [email protected]; laptember. 4.35 & 4.37 c.

New York Stocks

Railroads— Prev. High. Low. 1:30. close. Atchison ...101 100 H 101 100% B & O .... 53 52 % 53 52 % C & O 75% ... 74% 74*4 C & N W. . 51% 514* 51% 51% Erie 25 ... 24 % 24 4* Gt North pfd 56 % ... 56 % 56 % Lehigh Val. 41% ... 41% 40% Mo Pac pfd 41 40% 41 40% N Y Central. 101% 101 101 101 North Pac. . 52 ... 51 % 51% Nor & West. 124% 123% 123% 123% Pore Marq.. 48% 47% 48% 47% Reading .... 53 52 % 53 52 % So. Railway.. 53% .... 53% 53% So. Pacific.. . 89 % 89 89 % 89 % St Paul pfd. 25% 25% 25% 24% S'. L & S W.. 37% 36% 37% 36 Union Pac.. 131% 130% 130% 131 Wabash pfd.. 45 % -15 45 % 45 Rubbers— Goodyear pfd 42 % 42 % 42 % . . . . C. S. Rubber 20% .... 29% 29% Equipments— Am L0c0.... 73 % . 73 % 73 % Bald. Loco .113% 112% 112% 113 Gen Electric 220% 218 215% 219% Pullman ... 120 .... 118% 118% West Elec.. . 56% .... 56% 56% Steels— Bethlehem .. . 49% 49% 49 % 49% Colorado Fuel 42% 39% 41% 39% Crucible 53% ... 53 53 V* Gulf States.. 68 ... 67% 67% U S Steel... 99 % 98 % 98 % *99 Motors— Chandler Mo. 45 ... 45 45 Gen Motors. 13% ... 13% 13% Max Mo "A” 43V* ... 42% 42% Studebaker... 84% 83% 84 , 84 Stewart-W. . . 66 % ... 66% 06 Vi Timken 35 % ... 35 Vi 36 % Yellow Cab.. 43 ... 42% ... Yellow Mfg. 52% 52 52% 52% Minings— Int Nickel... 11% ... 11% 11% Coppers— Amer Smelt. .63% 63 63% 63%

WHEAT RECOVERS IN FINAL DEALS Close Irregular After Erratic Day, Bv United financial CHICAGO, May 5. —Grains closed irregular on the Board of Trade. The session was erratic. There was some late buying in wheat, causing a fractional rise in values. This was induced by sharp decreases in both the American and Canadian visible supply. The Car nadian visible decreased over ten million bushels, bringing to total on hand below that of last year. Prior to the late rally, early gains were lost after a prominent exporter had satisfied his purchases against sales of Manitobas. Corn weakened with the cash article, the latter being cut fraction ally by less urgent demand and sale of 130.000 bushels to store. Planting on an increased acreage is making rapid stride in all sections. Oats fell under profit taking. This market also was influenced by corn. Only a few sales were made in provisions all day and these on a low basis. Chicago Grain Table —May 5 WHEAT— Prev Open. High Low. Clos". close Mar . t .94 1 04% 1.03% 104% 103 % Julv. . 106% 1.06% 105% 1.06% 1.06% Sept 1 07 1 07% 106% 1.07% 107% CORN— May. .78 .78% 77% .78 77% July.. 78% .79 -78% 78% 78% Se.pt.. 78% 78% .78% 78% .78% OATS— Mav . 46% .46% .46% 46% 46 % 1 . . 4 1 % 44 1 ■ 48 % 44 % 4 4% Sept.. 40% 40% 40% 40% 40 LARD— Mav 10.55 10.57 RIBS— Julv 10 02 9 92 RYE— May . 64 % .64% 64% 64% 64% July 67% 67% 66% 66% 67% CHICAGO. May s—Car lot ro-eipln were: Wheat. 19: corn 116: oats. 77

Produce Markets

INDIANAPOLIS. May s—Frp*h eggs lo?* off. 20c; packtner stock butter 25c: srinrs*. oyer 2 lb*.. 23c; tow!*, 5% lb*, up. ' 3c fowl*, under 4'j lbs.. 18c: Leirhom poult:y. 25 per cent discount: cock*. 13c: stag*. 18c: young tom turkeys. 12 lbs. up. 24c young hen turkeys. 8 lbs. up 24<-; geeje 10 !bs. up. 12c: squab*. 11 lb*, to the doz., $5.50: old guineas, doz $4 50 Indianapolis creamenee are paying V.V per pound for butter fat. NEW YORK May s.—Flour—Quiet and steady Pork—lnactive: nu *“ $24.75® 25.25 Lard—Finn: Midwest spot. $11.15® 11.25. Sugar—Raw dull: ocntrifqgal. 7.28 c: refined dull granulated 7.70®8.10c Coffee—Rio spot. 15®15%e: Santos No. 4 49® 19 %c. Tallow —Quiet; special to ex tra ,7%®7%c. Hay—Firm; No. 1. $1.60: No. 3. $1.30® 135. Dressed poultry— Quiet: turkeys. 20® 36c: chickens. 30® 48c capons 34 ® 52c duck* 20@27c: fowls. 20® 34c: ducks. Long Island 20® 25c. lave poultry—Steady: geese, 12® 15c: ducks 14® 28c- fowl*. 39® 33c; turkey*. 2<>®3oe: rooster* I6c: chickens. 70c: capons. 35® 55c: broilers. 35® 60c. Cheese— Steady: State whole milk common to special. 15® 25>- State skim*, choice to special. 11 ® 17c. Butter—Firmer: receipt*. 7.431: creamery extra, 34c; special market. 38 % 6 39c; Danish, 38% @42c: Argentine. 53® 35c Eggs—Firm receipts. 25.043: nearbywhite fancy. .11® 33c: nearby State whites, 25® 30c we-tern whit/-* 25® 30c* fresh first* 24% ®2B ‘ir; Pacific coast. 25 0 34c; ntarby brown, 29® 31c CLEVELAND May 5, Butler—Extra in tub*. 39%® 40%c: extra firsts. 38 % @ 40 %c: firsts 36%@38%c: packing stock, 27® 32c; standards. 38%® 40%c. Eggs— Fresh gathered northern extras 27c; extra firsts, 26c; Ohio firsts. 23%® 24e: western firsts, 23 %e. Poultry—Live fat fowls, 27 @2Be: springers. 28®30c. Leghorn fowls 25c roosters. 18® 19c: heavy white ducks. 38® 40c medium fowls. 27® 28c. Potatoes —Michigan round white s2® 2.35: Minnesota white. [email protected]: New York. $2.25 ® 2.35. all 150-pound bags: Ohio. slOl.lO bushel; California new. s3® 3.25 box; Bermudas. sls® 16 barrel. Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLINE—Encrgee. 22c a gallon; Purol. 18.2 c: Red Crown. 18.2 c: Diamond Gas. 18.2 c Crystal Pep. 21c: Target. 18.2 c: Si’ver Flash, 22c: Standolind aviation. 23c. KEROMEXE—Crystaline. 12.7 a gallon Moore Iffght. 15.5 c: Arclitc. 12.7 c: Perfection. 12.7 c; Solvent. 35c. NAPTHA—Lion Power Cleaners. 22.6 c a gallon: V M & P., 23.5 c? Standolind Cleaners, 22.5 c. In the Cotton Market By United financial NEW YORK. May ft.—The cotton market opened tower, with May 29.60 c. off 10 points: July 27.70 c off 28 points: October 24.02 c. off 18 points. BLEACHER FALL VICTIM Former Indianapolis Man in Accident at Ft. Wayne. Arthur Mess, who was injured when bleacherssfell at a baseball game Sunday at Ft. Wayne, suffered only badly crushed foot, according to word received here by his father, G. L. Mess, of 4118 N. Capitol Ave., today. Three oth'r persons were inujred. Fred Griggs, colored, was probably fatallyinjured. Mess, formerly of Indianaoplis, attended Shortridge High School.

\By Thom a- .4 McKinnon) —May 5

Prev. High. Low 12 -46. c’ow* ; Anaconda . . 32 % 32 % 32 % 32 % Kennecott ... 38 *4 38 Vis 38 % 38 % Oils—i Cal Petrol... 24 ... 23 % ... Cosden 32 30% 31% 32 Marland Oil. . 34 32% 32% 33% Pan-Am Pete 48 % ... 47 * 48 % | Pan-A Pete B 46% 45% 46% 46% Pacific Oil. . . 49 ... 48 % 48 % Pro and Ref 26 ... 25 % 25 % : Pure Oiy ... 23 % ... 23 23 St Oil of Cal 68% 57% 58 58% j St Oil of N J 36 ... 86 35 % Sinclair .... 20% ... 20% 20% I Texas Cos ... 41 40% 40% 40% Transoont Oil 4Vi 4 4V* 4 % Industrials—- ! Allied Chem. 73 % 72 % 73 Vi 73 American C..103Vi 102% 102% 102% Am Woolen. . 65 %V 65% 65% 65% ■ Coca-Cola ... 64 % 03% 63% 03% Congoleutn... 40 % 38% 40 Vs 88 % Cont Can. ... 4S 47 % 47% 47% Davison (hem 62% 50% 61% 60Vs lam Players. 70% ... 70% 70 ■lnter Paper.. 38 37% 37% ... ; Mont Ward.. 23% ... 23% 23% ! Sears-Roebek 83% ... 83% 84 IT S C I Pipe 91 % 90 90% 90% IT S Ind Alco 68 ... 68 67 % Utilities — Am T and T. 126 % ... 126 126 Con Gas .... 01 1 - 63% 64 % 63 *% Col Gas ... 36% 35% 36V* 35% Shipping— Am Int Corp 23% 22% 23 % 22% Lit M M pfd 38% ... .37% 37 % Foods — Amer Sugar. 43% 41 Vi 42 43% Am Beet Sug 40% ... 40 % ... Cu Cn Su pfd 58 ... 57% 57% Cu-Am Sugar 31 % ... 31 % 32 Punta Alegre 57 % 57 57 Tobaccos— Tob Prod B. 58 57 % 57 % 57 %

U.S. BOND ISSUES * CLOSE ABOVE OPENING Little Indication of Any Pronounced Feeling in the .Market. III! I nitnl Financial NEW YORK, May 5. —There Jvvas little indication of pronounced feeling in the bond market today. Traders are beginning to take the cheap money market as a matter of course. Even the German elections, in floating the sanction of the Dawes plan by the German public at large, only sent t few of the foreign loans fractionally higher. Serbian 8s climbed over SO again, after a lower opening. British 5%s and the French issues were active and steady. Liberty bonds were accorded only moderate banking support, despite the 3% per cent money rate. The third 4%s led ir, activity most of the day. Last prices in our Government’s war loans were generally above the opening. Rail issues were quietly traded. FEW DECLINES FOUND AMONG CURB SHARES Some Oils and Industrial > Stocks Slightly Off. Be I nit id financial NEW YORK. May s.—Curb s’oeks were conservatively traded in the ater dealings. Prices held up well, though a few minor declines cropped out ih the oils and industrial stocks, fine of the outstanding features of the afternoon was the leap in F. W. Grand Stores of nearly six point! to r>s. This is in line with the buying of Department Store and mail order stocks on the big board Borden and Glen Alden each moved up 2 points on steady support. New York Telephone reached anew high 116. though sume tin,- has elapsed since the granting of the 10 per cent increase in rates. The metal stocks were steady to firm. Curb bonds moved quietly, with last prices showing minor variations from Saturday's flnaj figures. London Metal Market Bu I nihl h inant ini LONDON M iv T>—Copper—Spot. off rtd; futures. £tf4 tl off \!s tkl; eU’c. spot. £H9. up .V; fulling. £>!♦ 10*. up sale* (*oj per 100 tons, future* 000 tons. Tin—Spot. £2;t3 1 Os. off £.** lo futures VVxio 10s. Off Vi lo*. futures. off £.i 7s 0(1. Sterling—off £.'l 10s; *-;tleA spot 20 tons, futures :JSO ton.* Lc.nl—Spot £2O 17* Oil. off 10%; tutor - £ 7- 00 otf I'N Hd Zinc—Spot £.’iO 7- 0< . otf •’,* tkl. futures £3O l‘l* td. off 2.* Hci. Indianapolis Stocks —May 5 Bid A a American Central Life .260 ... Amir Crvosotuig Cos tifd ... 96% . . . Advance Rumely Cos com ... Advance Rumely Cos pfd ... . . . Belt R R com 74 79 Belt R K pfd 53 Ceriturj Bid* Cos pfd 98 % Cities Service Cos com It'.’ 144 % Cities Service Cos pfd 73 74 Citizens Ga* Cos com 28 30 Citizens Gas Cos pfd r fO2 ... Indiana Hotel com 100 . . Indiana Hotel pfd 100 Indiana Pipe Lino pfd 90 95 Indiana Title Guaranty Cos . . . 90 too Indpls Abattoir pfd 46 Indianapolis Ga 51 55 Indpls & Northwestern pfd.. 33 42 In dp Is & Southeastern pfd .... 45 fndpls Street Ry ... Indpls Tel Cos com I ... Indpls Tel Cos pfd 90 Mer Pub Util Cos pfd 82 ... National Motor Car Cos ... Public Savings ins Cos 12 ... Raub Fertilizer pfd 49 Standard Oil of Ind 57 Vi 59 Sterling Fire Ins 10 11 T H I & E com 2 5 T H I & E pfd 10 20 T H Tr and Lt Cos pfd 89 Union Trac of Ind com 3 Union Trae of Ind Ist pfd ... 15 Union Trac of Ind 2d pfd 5 Van Camp Prod Ist pfd 98 Van Camp Prod 2d pfd 98 Vandalia Coal Cos com 5 Vandalia Coal Cos pfd 5 % 7 Wabash Ry Cos com 15 ... Wabash Ry Cos pfd 45 ... Bonds Belt R R & S Y 4s. May. 1930 81 Broad Ripple ss. July. 1923. 53 .. . Cent Ind Gas ss, Sept.. 1931 ... Cent Ind P Cos 6s July. 1947 . . . Citizens Gas ss. July. 1942.. 88% 89% Citizens Gas 7s. serial 101 103 Citizens St Ry ss. May. 1933 81 85 Ind Coke & G 6s. April 1946 90 94 Ind Hotel ss. July. 1931. .. 94'% ... Ind Hotel Cos 2d 6s. draw. . ,100 ... Ind North ss. Oct.. 1923 ... Ind Ry and L ss. Jan. 1943 90 Ind Serv Cor ss, Jan.. 1950. ... ... bid Union Trac ss, July. 1923 . ... Indpls Ab Cos 7 %s. Sept.. 31 99% 102 Indpls, Col & So 6s. Feb . 1948 90 100 Indpls Gas 6s, Oct.. 1952. .. 87% 88 Vi Indpls L & H ss. April. 1940 96% 97% Indpls & Mart ss, Jan.. 1932. 60 . . . Indpls Nor os. July, 1932. . . . 39 43 Indpls & Nor ss, Mar.. 1923. . 38 43 Indpls & S E ss. Jail.. 1925. . 25 Indpls .S & S E ss. Jan.. 32. 30 Indpls St Ry 4s. Jan.. 1923. . 01 65 Indpls T & T ss, Jan.. 1923. . 88 89’% Indpls Un Ry ss, Jan., 1965 94 ... Indpls n Ry 4%5. May. ’26. . 95 Indpls Wa 5% 8. March. 1953 97 ... Indpls Water 4%s 90 95 hid Pub Ser 6s. April. 1943. . 89 92% T H. I A E s*. Aug . '45 ... 58 63 T H Tr and Lt ss. May, 1944 82 n Tvae of Ind 6s. July. '32 . . 69 Bunk Stocks Aetna Trust and Savings Cos. . 103 ... Bankers Trust Cos 112 ... City Trust Cos 100 Continental National Bank... 107 ... Farmers Trust Cos 200 ... Fidelity Trust Cos 152 ... Fletcher American Natl Bank. 130% 143 Fletcher Sav and Trust Cos. . .210 225 Indiana National Bank 255 265 Indiana Trust Cos 21 2 225 Live Stock Exchange Bank. . .190 . . . Marion Cou’ity Slate Bank... 150 ... Merchants National Rank .... 312 Peoples State Bank 200 ... Security Trust Cos 170 ... State Savings and Trust Cos.. 102 119 Union Trust Cos r . . .817 360 Wash Sav and Trust Cos 160

THE INDIANAPOLIS TIMES

PRICES FOR NOGS . REMAIN STEADY Nearly All Sales Are Made at $7,65, Hog Prices Day by Day Apr. 250-300 lbs. 200-275 lbs. 150-180 lbs. 29. 7.45 7.45 7.45 30. 7,50 7.50 7.50 Mav. t. 7.65 7.65 7.65 2. 7.65 7.65 7.65 3. 7.65 7.65 7.65 5. 7.65 ' 7,65 7.65 With lighfir receipts and ordinary demand from all sources porkers found a sale on a steady market, in trading at the local live stock yards today. The market was mostly a one-priced affair and all good hogs sold at $7.65, Saturday’s average quotation. Several choice lots commanded a nickel premium, selling for $7.70. Due to the activity of local packers and outside accounts, most hogs were cleared from the pens early and the market held good until the close of trading. Demand for sows was good and those of the light, smooth type commanded from $6.85 to $7 with ordinary roughs quoted from $6.40 to $6.75. Good heavy pigs were quoted down from $7.25. with lighter weights prices from $1.59 to $6.50. Receipts, 4,000. There were 518 held over from Saturday. There was a strong .demand for cattle and the prices held steady. Trading showed some improvement over last week's brand with good steers quoted down from sll. Cows and heifers sold on a moderately active market at from $6 to $9. Receipt.", 1.200. Demand for calves was weakened ana prices were quoted 50 cents lower. Although the bulk of the sales were made from $10.50 to sll, no calves wort fir. ling ,t market above this price as w.ts the case Saturday wehn many choice head brought $11.50 and in a few cases s'.2 Receipts, 600. A few wooled sheep so'd for $8.50. There w re no lambs in the pens to establish values in this class and I rices remained nominally steady. Re- ( eipts, 100. —Hogs— * Choice light* $ 7 65 Light mixed I M ilium nuxc'l • Heavyweight* 7.56# 7.65 It. I k of . ... 765 Top 7.70 Packing now* 6 25 4, 700 1’,., 4.00# 7.25 —Cattle—prinu* i-om fwl steers. 1.000 lo 1 miii lby S 9.00& 11 00 Good to choir** steers, 1.000 to 1.100 Uh# 8 50 U 900 Go<>l to -hon e steer*. 1.000 to ] \*oo !b*. ...... 7 fiOdfj 900 Good to choice* steer* 1.000 to 1.700 lb* 6.05& 7.50 Common t<* medium *4**ers, sou to 1 000 lbs 6.007 00 —tow* and Heifer*— Good to iurht heifers 8 S.oofa 9.00 Good In-awweight 7.00tt 8.00 M <liuni le !fer* 6.007 00 Common heifers 3.00 (ii 6 00 Fair .-ow* 6.00 U 7.25 Cutters ‘-75'it 3.25 Can tier* 2.75 Us 375 —Bull*— Fancy butcher bull* $ 500 and 6.00 Good to choice butcher bulls. 5.00<b 550 BoioKn.i bull* . 4.25(jf 4 75 —t al\e#— Choice veals sio,soffa 11 <0 Good veils 7,50 % 8 50 Luhtwcurht veals 6.00 4* 7 40 Common jieavie* 6.oo itf 7.00 Top . . * IfcOO —Sheer* and— Kxtri chon** lambs sl3 o<Ki 15.n0 Heavy lambs 1 o.(M'mi 1 3.00 Cull iamlx.* . 6 00 fa 10.00 (7>od to choice ewe* s.oo<fc 8 6o\ Culls 300 fa 5.00 Spring' lambs 12.00 W 17.00 Other Livestock CHICAGO. May 5. Cattle—Rvipt*. 18000 market lulling .• a~- * active ateacty to strong stoi-Uer* :,n,l feelers strong, 1 higher -irons on >hbue weighty steers at 812.50 bulk fed steel- and yearling* ?9'<i 1! grass Tex.-, 87 50. beef heifer* in broad demand light v eater* '!<■" weak; bulk veal . aive*. 57#8.50 Sheep- -Re- (*■![*,. •;! non; market slow, few early sale* .•lipped lamb* steady sl4 50 'a 15 10. no early sales wooled lamb* sheep strong 25e higher good fat wooled ewes, $8 50; ehon-e dipped ewe* $7.75, Hogs- Re.-eipts 58. non market *t< ,d.v. lOn higher top. $7 55 hulk. $7 2,isi 7 .a, heavyweight. $7.25% 755 medium weight $T "d'q7 50 light weight. $7 J? T 45 light light* sdru7.3o. p u-klng *<>•■• - smooth. 86.70# fl.oo packing sow* rough, $6,5.5 r a 6.70. slaughter pigs. $4.75# 6.50 PITTSBURGH Mav 5, —Cattle —Reueipt*. 53 earn market shady rhmee $lO 50’u 1 1 good, $9 lo 25 fa r $7 50 * p(, veal , alec* .sll r lt |l 50 Sheep and lamb* — Rereads. 4,5 dd: market, steady; prime wethers, -9St 9 .50 good sß.2stii 8.75: fair mixed. $6 r a 7 lambs. slsl, 20. Hog*—Reread*. 55 double deeker* market. lOe higher prime heavy. >7Bo 'a 790 medium* sSt* 10: h- avy Yorker* sß 'a 810 light Yorkers, $7 40 'a 7.50: pigs. $7.25: roughs. $65l 6 25; stag*. $3 #3.75. TOLEDO May s.—Hog 1.000 : market tOe to Ise lower heavies. $7 65® 7 70: mediums, $7.70® 7.75: yorkers. $7.50 #7.65 good pig*. $,1.75417. Calves—Mar ket steady. Sheep and lam!,*—Market steady. Butter—4o® -tie. Egg*—2l® 22c. Hay—s3o. EAST BUFFALO. M&y s.—Cattl eeipts. 2 12.5. market, active to 25in 50c high, r: shipping steer* $9.50® 11 60: but"hir grade*. $8 50 'a 9 50; heifer*. $6.25 4/8.50 cows, $6.50® 7: built. $3.25®,1 feeders, $4 504(0 25 milk cows and springer* S3O 4i 115. Calves-—Receipts. 3.000: market, active steady: cull !n choice s3® 11.50. Sheep and lambs—Receipt*. 9.200: market, active steady on lambs. 50c® $1 higher on stump, choice lambs. sls® 15.50; cull to fair. $9.50® 14.50: yearlings, s9® 1.2 : sheep. $3 504( 10.25. Hogs—Receipts. 17,600: market, active to 10® 15c lower. r>igs 50c lower: Yorkers. $7.25® 8 pig*. $7 4/7.25: mixed. $8- heavy. $8: roughs. so® 6.50 stag*. $3 50® 450 CINCINNATI. May s.—Cattle—Receipts, 1.450: market strong: steer*, good to choice. $8,504/ 10.50. Calve*—Market 50c highgr. Hogs—Receipts 6,500: market higher; good to choiis packers and butchers. $7.80. Sheep—Re., -el pis 75. market steady; good to choice clipped. s7® 7.50. Lamb*—Market steady: good so choice clipped. sl4® 14.50; springers. $12@20. CLEVELAND. May s.—Hog 8.000; market, steady: Yorkers $8: mixed. $8: mediums, $8: pigs. $7.25 roughs. $6.25: stags. $4.50. Cattle —-Receipts, 700. mar ket. 2.5 c higher: good to choice bulls, s6® 7.50; good to choice steers. $7.50®,10.50; good to choice heifers, $7 4/ 8.50; good to choice cows. $5,504/ 6.50; fair to good cows, $44/5.50: common cows. [email protected]: milkers, $354(75. Sheep and lambs —Receipts. 1.500: market, steady: top. $15@25. Calves —Receipts. 1,400: market. $1 lower; top. $1.1.00. EAST ST. LOUIS, May 5 Cattle—Receipt*. 4.000: market, beef steers strong to 25c higher: native beef steers. $7.50® 9.85: yearlings and heifers, [email protected]; cows, $5.25 4(6.75: canners and cutters. $2 @3.50; calves. $8 4/8.50: stookers and feeders. $5.50 ® 7.40. Hogs—Receipts. 21.000; market 15c lower; heavies. 87.154/ 7.40; mediums. $7.30 4/7.-15; lights, $6.904( 7.50; light lights, $0,154/7 40: packing sow*, $6.15®6.50; pigs. $5.50® 6.85: bulk. $7.20® 7.45. Sheep —Receipts. 12.000: market, lambs 25c higher; ewes, 554/:$ 50: canners and cutters, $2 4/ 5: wool lambs. $14.25® 3ji.50. KANSAS CITY. May s.—Cattle—Receipts, 5,000: calves, 2.900: market, 1/ctter grade beef steers, steady to strong, others steady; top matured steers, $11.20; better grades she-stock steady and strong: others around steady; bulk butcher cows and heifers, $4.50® 8: fed heifers up to $0: calves steady; practical top veals. $8.50; packers and feeders steady to strong, feeders, $8.40; early bulk. $6.50® 8. Hogs—Receipts, 14.000: market around 5c lower to shippers; bulk of 180 to 240-pound average. s7® 7.20; packing sows mostly $6.50® 6.55. Sheep—Receipts. 4.000; early sales killing classes 15c to 25c up: wooled lambs. $16.90: odd lots of medium springers, sl7® 17.10: clipped. $14.25® 14.50; shorn wethers, $8 @8.60.

Couple Observe Golden Wedding fas president of the Southeastern Civic • ? - Improvement Club, which was among | the first civic organizations to organize the Indianapolis Federation of \ Community Civic Clubs. He was its |||f a first secretary treasurer, as which he pf' is serving his third term. Moved Here in 1879 M \Vhite moved with his family to In- ? dianapolis from Wayne County in A MR. AND MRS. JOHN F. WHITE

Mr. and Mrs. John F. White, 1545 Lexington Ave., celebrated their golden wedding anniversary today. A welcome “open house” for neigh- • bors and friends will be observed from 8 to 10 p. rn. All of the children and grandchildren, with near relatives, will be present to honor this couple after gloriously rounding fifty years of happy married life. Os the forty five years the family has spent in Indianapolis, forty- four have been spent as residents of the South side. They have occupied their present home foi ight years. \\ hen White and his family moved it.to that part of tile city there were few homes. Is Fivic Booster White has always been closely affiliated with the civic interests of Indianapolis. He is particularly inter ested in the South Side anl associated with other citizens in organizations in boosting civic movements, io- has always been an ardent fighter for track, elevation for his part of the city. He is now serving his ten#h year OEMOCRAIIC LAX VICTORY ASSURED Un I nitcd Fri i* WASHINGTON*. May s.—The Democratic tax plan can pass by at least a three-vote margin, a poll of the Senate inm ates As the situation stands—with only a few doubtful votes—the Democrats appear to have mustered enough progressive Republicans to insure adoption of their pi per cent surtax and the 2 and 4 per cent normal rates. Seven Republicans and two ‘Farmer Labor Senators maj vote w 'h at h ast forty Democrat* so put over the minority proposal; . Not more than three Democrats will desert party ranks to vote with Republicans. Ballot ting is expected to begin iate today or tomorrow with the first vote on tiie M- llon proposal for a 25 per rent maximum Births Girl* George and Amelia Thomas. Long Hospital. Rollin anil Bertha Sagi 3406 K Twentieth Horace ,in.l Diilrui Dawson, till Manlove. Veil and Ue-tol Postimi 1745 Thaddt us Kri-6 ami Helen Sn- le 142 E Ohio Robert and Sarah Warrouburis 1821 Hoefgcn. Lonnie and Josie Branstotter. 2025 W \ erraont. Cleo and Ague* Miller 2123% W Mich i Z an Robert and Emma Rohlmt 39 13 Olpey. William and Helen Khrhardt 523 N Bradley Boy* Joseph and Stella Tedder, laing Hospital Lawrence and Esther Pact/. 431 N De Quincy. Carl and Daisy Windish 545 Coffey Maurice and Blanche Roberts. 443 N K* y stone . William and Clara Goins 965 Rochester. Harlan and Beulah Risher. 426 .S Keystone Robert and Estelia Barnett. 1248 Beecher. Charles and Wilmeth McCrary. 1229 Caihoun Joseph and Nellie Alee 579 Jones Charles and Dorothy Vaw ter, Methodist Hospital Joseph and Almabelle Burnett 3707 K Vermont. Paul and Lola Lueas. 3038 Ashland. Edward and Agnes Wetzel. 1301 E Market. , Herschell and Mary Coats, 645 Luett 'Frank and Dora Miller. 3731 K. Walnut. . Louts and Mary Bauer. 1814 Woodlawn. Driver Fined $Bl Frank Wright, 608 S. Meridian St., was fined $1 and costs on a drunken ness charge and %£0 and costs on a charge of operating a motor vehicle while intoxicated, in city court today. A sentence of sixty days on the Indiana State Farm, on the second charge, was suspended pending good behavior. California Votes Tomorrow Bu United Pres * ( SAN FRANCISCO, Cal., May 5. California will go to the polls tomorrow to decide Hiram Johnson or President Coolidge shall be the Republican choice from that State. There are also two Democratic tickets in the field, one solidly for MoAdoo and the other unpledged. Gold and Silver Bv United Financial LONDON. May 5-—Bar silver 33d, up 3-I6d: forward. 33%d. off 1-16/1. Gold bars, 94s Id. off Id Dead Man Votes By United Press WARSAW, Ind., May 5—A dead man will vote in the primary elections here tomorrow. Andrew Wood, 89, former mayor of Warsaw, died late Sunday, hut his absent voter's ballot will be cast at the primtA; Tuesday. Wood for years *as Democratic chairman of Kosciusko County.

1879 and was engaged for a number of years as a journeyman printer in the newspaper and job offices. He formerly published newspapers at Hagerstown and Cambridge City, Ind. White served in the first common council as a Democrat elected under the present charter in 1892-93. The following year he served one term as a member of the board of public safety under the administration of Caleb S. Denny. In 1900 h'' became manager of the Union Co-operative Laundry on Virginia Ave. near the old viaduct. Several years later the firm reorganized under White's direction and is now known as the Sterling Laundry Company. Lexington Ave and Pine St. Retains Laundry Interest He retired a few years ago from active management, though retaining his interest. White is a former president of the Indiana Laundry Owners' Assoclaition. Mr. and Mrs. White are the parents of three daughters: Mrs. Herbert Kike. 2535 N. New Jersey St. ;Mrs. W. L Knowles and Mrs. B. A. Thalls, who live* with her parents. Mrs. Knowles .died in 1907, leaving a son who lives with his grandparents. MINER SHOOTS WIFE < iinton Man Wounds Mate Then Fires Shol Into Own Brain. i Bn I nit id Press TERRE HAUTE. Ind.. May 5 —Mrs. Margaret Spiers. 48, is in Union Hosj pital, not expected to live, as result of gunshot wounds said to have been inflicted by her husband, Alva Spiers, 50, at their home in Clinton today. Spiers, a coal miner, was found i dead/having fired a bullet idto his , own brafn. He had teen ill for some | lime and out of work. BOARD IN FAVOR OF ONION WAGE Ordinance Would Raise Pay of . Carpenters, Pamirs. An ordinance to put carpenters and ' painters employed, by the city on a I union scale wage will be introduced in the city council tonight on recommendation of the board of works. Carpenters and painters now receive $1.05 .an hour and foremen $1.16. The new scale, to be in effect July 1, 1924. would increase carpenters to sl.lO and foremen to $1.15. Francis F. Hamilton, city building commissioner, was ready to present additional ordinances revising liie building code. Two members of (he council. Otto i Ray and William B. Clauer, are ean- ; didates for sheriff and treasurer, respectively, on the Democratic ticket. RALSTON PREDICTS PARTY VICTORY Inability of the present Republican ; Congress to function will result in a Democratic victory in November, Senator Samuel M. Ralston said today. Senator Ralston arrived Sunday and will remain until after he and Mrs. Ralston vote in the primary election Tuesday. ■Congress has riot functioned," he said. “It seems impossible that it will accomplish anything before the elec tion. There are many Republican members of Congress who at heart are not in sympathy with the policies of the President. With this condition i*. would seem impossible for the Republican party to go before the Nation In ih, n with hopes of victory." PAINTER IN EXPLOSION Gas Stove Sets Fire so Canvas; Spreads to Gasoline. While painting the ceiling of the kitchen at the home of Mrs. E. J. Arszman, 529 S. Alabama St., today, Harold Stanton, 32, 0f.355 E. Morris St., painter for Otto Grasshoff. 2205 J3. Garfiekl Dr., was badly burned about the hands and face. A canvas hung half-way up the room was set on fire by a pilot light |on a gas stove. The flare caused a j small can of gasoline to explode. Damage to the kitchen was slight. Stanton was given first aid by Capt. George Townsend of engine house 30. Telephone Calls Bother Family i In a report'of a fire in the 4200 ; block on E. Tenth St., Saturday, I the hotnq of H. O. Hiser, 4215 E. Eleventh St., was listed as damaged. | O. C. Ilisler, 4026 E. Tenth St., said | today that he had received many | phone calls from persons believing I that it was his home. He requests I that these calls be discontinued on I account of illness.

In Prison High prison walls, barred gates and armed guards are no defenses against the ravages of mah jongg. Even the Federal prison at Atlanta, Ga., has fallen before the oriental invader. Persons accompanying Warren T. McCray when he entered prison last week noticed that mah jongg sets were greatly in evidence. “Sure, the mah jongg craze has struck here,” L. J. Fletcher, deputy warden said. “If it keeps up at its present rate we are going to have to enlarge our insane ward."

W. 0. ARMITAGE SUED FOR $50,000 BY GIF.WORKER Colored Man Says Term ‘Kluxer’ Applied to Him Is Damage Basis, * Alleging he has been slandered and his chances of being elected Republican committeeman of the Third precinct, Third ward decreased by charges he is a "mack Klansman,” Hadley Fite, 32. of 2034 Highland Pl„ colored, today, filed suit against William H. Armitage, leader of the ShankArmitage G. O. P. faction, and others in Circuit Court asking $50,000 damages. Armitage and his followers, including George I’. Stewart, owner of the Indianapolis Recorder, colored newspaper, conspired to elect Samuel L. Shank on an anti-Klan ticket, Fite alleges, end published false articles about the plaintiff. “That's the first I ever heard of calling Fite or any other colored man a Klansman.” said Armitage. "I hope lie gets the money.” Hite's complaint set form an alleged matter published May 2 in the Recorder. which, according to the plea, bore heads as follows: "Shady Meeting Prevented by Watchful Meeting,” “Knight of the Black Kluxers Hand Seen in Rally," and “Fite. Premier Kluxer. Will Preside.” KLAN IS ISSUE IN PRIMARY VOTE (Continued From Page 1) successful candidate for the nomination four years ago. Has been making extensive speaking campaign. Has large and well-built organization. DALE J CRITTENBERGER—/fidtimer in Democratic politics and wellknown throughout State. Has considerable newspaper support. Principal strength lies in Eighth and Twelfth Districts. Opponents declare he has the support of wet interests. JOSEPH M. CRAVENS —Another old-timer. Declares he is running on record in Legislature. Strongest in south. Actively opposed by union lahor. *

GEORGE R. DI'RGAX—For many years mayor of Igifayette. Not. well known over the State, Actively opporing the Klan. CHARLES S. BATT —For number of years prominent in local politics in Terre Haute. Member of the Legislature. Has been making active Campaign for tax reduction. ‘Has some labor support. James Kirby Risk —Known in Indiana politics as an active dry and active friend of primary. Olin R. Holt —Little known outside of Kokomo. Frank R. Priest —Known almost ex clusively in Grant County. Situation in County In the Marion County campaign there are as many slates in both parties as there are political tactions, and some to spare. The fight is almost exclusively for control of the party organization. In the Republican ranks the active fight is being conducted between the Shank element and the Coffin-Dodson element, with the Jewett-Lemcke element apparently not so active as before, but with a reported leaning toward the Shank faction. Both factions have full or nearly full slates of candidates for precinct committeemen and are concentrating their forces on these contests. A similar split exists in the Democratic ranks between friends of the present county chairman, Russell J. Ryan and his opponents who are supporting John Spiegel. The fight for State control in the Republican party also is particularly bitter. There are constant reports that James P. Goodrich and his friends are seeking to take control of the party from Senator James E. W at son and Clyde A. Walb. the present chairman. It has been reported that Goodrich is seeking to make his influence felt with the State administration since Emmet F. Branch became Governor. The contest for delegates to the State convention and for control of the party organization almost overshadows the campaigns of candidates. Observers are generally agreed that the vote will be heavy. MODERN ENGLISH URGED Speaker Says New Testament Should Be Made Clear. “If the reading of the New Testament is to be made popular •and more universal, it must be translated in modern American English of Lincoln and Woodrow Wilson,’’ said Pidgar Goodspeed of Chicago today ;u the ministerial meeting of the Church Federation at Roberts Park M. E. Church, Delaware and Vermont Sts. The King .James version and other versions are written in a language which is an obstacle to clear realistic meaning of the Bible, he said. He will address a meeting of representative church people tonight At the First Baptist Church, Meridian and Vermont Sts.

FAMOUS CHASERS OF CROOKS SWAP TALES OF COOPS Secret Service Association Holds Convention —Welcomed by Rikhoff. Notorious murders of the past three decades, bomb plots, robberies and war-time crimes were recalled today as sixty members of the International Secret Service Association, Inc., gathered at the Severin for a two-dqy convention. One of the first to be pointed out by his associates Is Thomas A. McQuaide, former, chief of police of Pittsburgh for eleven years under a Republican, a Democratic and an independent administration. McQuaide treasures two warrants, one signed by Theodore Roosevelt as President of the United States and the other by King George of England. With them, McQuaide, in 1903 brought back to the United States from England two Croatians charged with the murder of a railroad paymaster and a contractor. Praised by Roosevelt McQuaide, who was said to have been called the “greatest detective in America” by Roosevelt, traced the men and captured them with the aid of Scotland Yards. One was hanged and the other was sentenced to twenty years in prison. ‘ According to John B. Taylor, former police chief of Philadelphia, Pa., and president of the secret service association, crime prevails in cycles and banditry is the cycle prevailing now. “The automobile gives the highway robber and hold-up man a chance to escape such as he did not have in former days,” Taylor explained. An enemy of the shoplifter is Hazel Curry, an operative of the QuigleyHyland Agency of Indianapolis for five and one-half years. “Ninety-eight per cent of women shoplifters do not have to steal,” she said. “Many of them are just living beyond their means. Stockings, gloves and silk underwear are their loot most frequently. You can’t tell a woman thief by the way she's dressed. How to Tell 'Em “Women thieves no longer have the sneak’ look they had wheri I started detective work. But most of them have hobbies or mannerisms that help us detect them. Noted for his war work is F. C. F’endleton of New Orleans, division superintendent of the United States Department of Justice, for the Southern Suites during the war. He handled 16,000 espionage cases. In Havana. Cuba, he captured Von Schelle, a German wanted in connection with bomb plots to blow up French vessels. James F. Quigley of Indianapolis arranged the program. Speakers this morning were the Rev. Frank S. C. Wicks. Police Chief Herman F. Rikhoff. Detective Inspector J. W. Mullin, William E. Balch, secretary of the Merchants Association and Stores Mutual Protective Association, and Earl Ferguson of the Chamber of Commerce. Women visitors toured the city. They had luncheon at the Indianapolis Athletic Club.

COMMISSIONER IS IMPORTANT OFFICE Average Voter Ignorant of Duties, Candidate Says, Too little is known by the average voter about the office of county commissioner, according to William Flanders, Democratic candidate for nomination for commissioner. “Commissioners are required to sit as a court in the trial of causes conducted according to rules of the Circuit Court. They have authority, to sell public grounds, buy property for public use and provide the necessary care: to approve accounts against the county and direct raising of money. “Because voters do not know of these responsibilities we find here in Marion County, as a rule, men In charge <>f affairs of the commissioners’ court, of insufficient business experience and ability,” Flanders said. TRACTION OFFER REPORT Eastern Capitalists Would Buy Street Railway, Local Attorney Says. A syndicate of Eastern capitalists is willing to buy the Indianapolis Street Railway property and operate it on a 5-cent fare basis, Morris Greenleaf. attorney, 309 Lemcke Bldg., said today. Greenleaf, who says he is local representative for the capitalists, says the offer is to be submitted to Mayor Shank. The syndicate would also guarantee free, universal transfer?, new car? and cross town lines if ? jrveys show them possible. NO ESCAPE FROM TAX Even If Income Is From Property Abroad, You Pay, Says Court. Bu United Press WASHINGTON. May 5. Tbs United States Supreme Court today held that the income tax applies to the income of a citizen of the United States who lives abroad even though ihe property from which the income is derived also is situated abroad. Man Mangled by Train James Woodson, colored, Muncie, Ind., was badly mangled about thß legs today when he attempted to jipr.n off a Big Four passenger train r ■ i the New York St. crossing. He \ i caught beneath the whe 's .0 j dragged forty-five feet.

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