Indianapolis Times, Volume 35, Number 310, Indianapolis, Marion County, 10 May 1924 — Page 11

SATURDAY, MAY 10, 1924

CRUDE OIL PRICE CUI DOMINATES SLOCK TRADING j Developments Result in General Unsettlement Among Industrials, EARLY INITIAL SELLING Reduction in U, S, Steel Or-1 ders Final Bearish Influence, The WALL STREET JOURNAL NEW YORK. May 10. —Announcement of revision in Mid-Continent Crude prices and a similar cut in Pennsylvania and the Easterns, were easily the dominating influences of the week-end session. These developments resulted in general unsettlement in the industrial list, but it was noticable that oil stocks did not decline as ! much on the average as a number of j other industrials. Backward weather j conditions were the main factors in j the lowering of crude causing piling up gasoline stocks on small refiners who had expected easy distribution. Big oil companies are not disturbed over their stocks of gasoline and anticipate heavy withdrawals when weather conditions improve. First Hour Heavy selling movement in the oil group characterised the early dealings. Philips broke to anew low on the current decline at 35, Cosden at 29 7 £, Pacific Oil at 46%, Marland at 31% and Txo at 4%. Pressure against the oils unsettled the whole industrial list and the general tone was heavy, j Further recessions took place among : the active oils, but Baldwin, American! Can and other speculative leaders de-' veloped a steadier tone. Final Hour Professionals followed up their ad-' vantage by continuing to pound away j at the industrials during the second | hour. New lows on the move were j forced in the active stocks of this! class, but rails maintained a good tone I under the inspiration of the outstanding strength in Atlantic Coast Line which made anew high for the year at 124. Industrial stocks were further unsettled in the closing deals by announcement of a reduction of 574,3601 tons in United States Steel's forward orders during April. This shrinkage i was considerably higher than Wall j Street anticipated and steel common | broke into new low ground on the movement at 96%, Baldwin at 109%, Studebaker at 81% while other active industrials receded proportionately. Twenty average industrial stocks Friday averaged 91.40, off .64 per cent. Twenty leading rails, 81.83, off .11 per cent. * Local Bank Clearings Indianar-olis bank Saturday | were 53.49n.090: for the week. $18,918.000. Bank debits were $5,735,000: tor the week, $33,560,000. Foreign Exchange By T nitrd Financial NEW YORK May 10.—Th>' leading ex change rates managed to hold most of the early gains though trading was quiet. Last prices: Sterling. $4.37 l-Id: francs. 6.050: lire. 4 45i,c: Belgian francs. 4.99 e: marks. 4.310.000.000,000 to the dollar: Czeeho, 2.93 e; Swiss. 17." do: guilders. 37 37e: pesetas 13.84 c: Sweden. 26.45 c; Norway. 14.02 c; Denmark, 17.03 c.

SECURITY PRICES RALLY Adjournment of Congress May Prove Helpful. Security prices have rallied in response to investment buying of bonds, short covering of stocks, optimism regarding the Dawes plan and a better feeling as to domestic politics, says a Moody Investors Service report for the past week. The adjournment of Congress early in June may in itself prove helpful to securities. Political improvement Is indicated, £&ys the report, by the primary voting disclosing a drift away from radicalism. k In the Cotton Market NEW YORK May 10.—The iotton market opened steady with May. 31.35 c. up 5 points: July. 29 OOe. off 15 points: October. 25.10 c. off 23 points. The cotton list opened easy, with futures showing net losses of 3 to 25 points Cables were much lower than due. but weather which continues cool appeared Lo offset former item to some extent. Over night buying orders came from Wall Street, locals and I.iverpool at call which stemmed selling from spot houses. New Orleans and the south. The market reacted 25 to 40 points on rather heavy realizing, reported recent buying of Mays, fixing prices by spinners on contracts that expired May 10. and now tension is relieved: talk of freer offering of spots, but emphatically denied by spot people. Open. High. Low. Close. January 24.70 24.40 24.10 24.04 March 24.35 24.37 24.20 24.12 May 31.35 31.40 30.98 30.98 July 29.00 29.06 28.71 28.75 October 25.10 25.33 24.98 25.00 December 24.55 24.75 24.35 24.35 Chicago Stocks (By Thomson & McKinnon) —May 10— Open. High. Low. Close. Ar pfd Ills 74% .... .... .... Conti Mot. 6% 6% 6U 6% Pick 18% 18% 18 (4 18% ' Swift &C. 101 % 101% 101% 101% Swift Inti. 20Vi .... Stewart W. 65 % 65 % 62 % 62 H Union Car.. 57% 57% 57% 57% Yel. Taxi. . 41 41 4040 39 LEGAL NOTICES NOTICE OF SALE OF REAL ESTATE BY ADMINISTRATOR The undersigned Administrator of the estate of Delilah Ann Blackwell, deceased, hereby gives notice that by virtue of an order made and entered in the Probate Court of Marion County in estate No. 6721909. authorizing the same, he will at the hour of 10 a. m. on IVednesd-"' the 28th day Os May. 1924. at 1106 National City Bank building in the city of 'ndianapolis, Ind.. and from day to day thereafter until sold, offer for sale at private sale all the interest of said decedent in and to the following described real estate of Marion County Ind.. to-wit: Lot No. thirty (301 in Jackson L. Jessup's subdivision of Lot 14 of David B. Fatout's addition to the city of Indianapolis. as per plat thereof in plat book 6. page 175 of the records of the recorder's office of Marion County. Indiana, known as 1528 W. Vermont St.. Indianapolis. Ind. Said sale will be made subject to the approval of said court for not less than the full appraised value of said real estate, and for cash only JAMES C. RYBOLT, Administrator. FENTON. STEERS. HERBST 4b KLEE. Attorneys. May 10.

New York Stocks

Railroads— Prev. High. Low Close. dose. Atchison 100% 100 % 100% 100% A Coast L 125 120% 124% 120 B. & 0... 53% ... 32% 53% C & 0 75% 75 75% 74% C & N W R 53% 53% 53% 53% Erie 24 % .... 34 % 34 % Gt Nor pfd 57% ... 57% 58 Lehigh Val 41% 41% 41% 41 % Mo Pa, pld 41% 40% 41% N Y Ceil. 101% 100% 101 Nor Pa, . . 52% .... 52% 52% N & West 123% .. 122% 123% Pert- Marq 47% 47% 47% 47% Reading . . 53 52 % 53 52 % So Railway 53% ... 53% 53% So Pacific. 80% 88% 88% 80 St Paul pfd 2d .... 25% 25% St 1. i S W 3d % .... 3d % 36% Union Par 131 131 131 Wab. pfd. 45% 45 45% Rubbers— U S Raib.. 28% 28% 28% Equipments— Am Loco. 72% .... 72 73% Bald Loco 110% 100% 100% 111% Gen Elec. .217% 214% 215% 218% i.iina Loco 50 .... 50 59 % Wes! Airb. 80% .... 89% .... West Elec. 5d % .... 56 Vs 5d Vs Steels— Bethlehem. 48% . ... 47% 48 % Col. Fuel. . . 30 % 37 % 37 % 39 Vj Crucible... 51% ... 51% 51% Gull States. 66% ... 65% 67% P & R. C&I 43% 42% 43 43% Rp Iron & S 45 ... 45 45 % U S Steel. . 97 % 96 Vi 96 % 98 % Motors— Chandler M. 44 Vi 44 Vs 44% 45 Gen. Motors 13% ... 13% 13% Max M “A” 41% ... 41% 43 Max M**'B" 11 . . , 11 Sthd,‘baker. 82% 81% 81% 82% Stewart-W. 65 % ... 62 % 65 % Willys-O and 8% 7% 8% 8% Yellow Cab. 40 % ... 4040 % Yellow Mfg 46% 45% 45% 47 Oils— Calif Petrol 23 % ... 22% 23 % Co3den 30 % ... 29 30 %

WHEATOFF UNDER STOCK INFLUENCE Grains Lower at Close of Dealing, Ftii Lnit'd Financial CHICAGO, May 10. —Grains closed lower on the board of trade today. Wheat lacked aggressive speculative buying. The market was easily influenced by the heavy tone in stocks. Export business was lacking. Aleading exporter offered grain to five continentals without receiving an order, foreigners claiming our prices were way out of line withthose in the Argentine. Frosts visited sections of the Rocky Mountains and southwest Kansas, but it will be several days before the exact amount of damage is ascertained. Corn was affected by weakness in wheat, slow cash business and some profit-taking. Unfavorable conditions prevail in the spring planting area. Impassable roads slowed *he movement. Oats held relatively steady at a slightly lower range. Cash business was quiet. Trading in provisions was slow and lower. Chicago Grain Table • —May 10— WHEAT— Prev. Open. High. Low. Close, close. Mav 1.04 1.04% 1.03% 1.03% 1.04 % July 1.06 % 1.06 % 1.05 % 1.05 % 1.06 % Sept 1.07 1 07 1.06% 1.06% 1.07% CORN— May .77% .77% .76% .76% .77% July .77 % 77% .76% .76% .77% Sept. .77% .77% .75% .76 .77% OATS— May 47% 47% .46% .46 5* 47% July .44% .44% .44 .44 44% Sept. 39% .37% .30% .39% .40% LARD— May 10.52 10.52 10.50 10.50 10.52 R] US Mav 9.87 9.90 9.87 9.87 9.92 RYE— May 66% .66% .64% July .66% .66% .66% .66% .66% CHICAGO. May 10*.—Car lot receipts were: Wheat. 24: com. 86: oats. 53.

Cash Grain

INDIANAPOLIS. May 10.—Saturdays receipts lor the day. 48 cars. Price* quoted 41 %e to New York: hay on track. Indianapolis bids for gram and hay at the Indianapolis Board of Trade were: Wheat—Through bilk®: No. 2 hard. 97et $1 ; No. 2 red 99c® $1.02. Corn- —Steady: No. 2 white. 71 @73c; No. 3 white. 69@71%e: No. 2 yellow'. 71 si 73c No. 3 yellow. 69%' , 72c: No. 2 mixed, 69% <a 71c: No. 3 mixed. 68@70c. Oats—Steady: No. 2 white. 45 @ 46c; No. •! white. 44%@45%e. Hay—Steady; No. 1 timothy. $22 @ 22.50; No 2 timothy, s2l fl 21 50: No. I light elover mixed, s2l @21.50. No. 1 clover hay. s2l V 21 —lnspections Wheat—No. 2 red 2 ears; No. 3 red. 2 Kars No. 5 red. 1 car: sample, 3 car*. Total, s cars. Corn—No. 3 white. 5 cars No. 4 white, 2 cars: No. 5 white. 1 oar: eampie white, I car; No. 2 yellow. 1 car: No. 3 yellow, 3 cars; No, 4 yellow. 1 car; No. 6 yellow. 1 car: sample yellow. 3 cars; No. 6 mixed. 1 car; sample mixed, 2 cars. Total. 21 cars. Oats—No. 2 white, 9 ears: No. 3 white. 6 cars sample white, 2 ears. Total, 17 cars. Hay—No. 2 timothy. 2 cars. Total, 2 cars. CHICAGO. May 10.—Com—No. 2 yellow. 78%@79c: No. 4. 74%@76%e; No. 5. 73 % % 74c; No. 6,73 c: No. 2 mixed. 77 @ 78c. No. 3. 76%@79%c; No. 4. 74 %e; No. 5. 74c: No. 6. 72 % @ 73e; No. 2 white. 78%@78%c: No. 3. 77 %c. Oats—No. 3 white. 46%@48%c. Barley —6B® 79c. Rye—No. 4. 64 %e. Timothy —ss® 7.25. ST LOUIS. May 10—Wheat—No. 3 hard, $1.05 @1.07; July, $1.04%: September. $1.06. Corn—No. 2 white. 80% @81o: No. 3, 79%@80e: July. 77 %c; September. 76 Vic. Oats—No 2 white. 50c; No. 3.49 c; May. 48 %c. TOLEDO May 10.—Wheat—$1.11® 1.12. Corn—Bl® 82c. Rye—6 80. Oats —52% @s3V*c. Bariev—77c. Cloverseed —slo 80 October. sll9O. Timothy— May, $3.50: September. $3.75. Alsike—s9.7o: Auirußt. $10.20. Hay—s3o. Grain Briefs CHICAGO. May 10.—The winter wheat crop is growing well in the /iouhwest and general condition remain good. Modern Miller's weekly says. 11l southern portions of Indiana and Ohio the condition are poor. A good deal of Kansas wheat erop is jointed and predictions of freezing weather is disquieting, because a freeze is dangerous to joined wheat. B. W. Snow says. American grain is virtually driven out of the Baltic states and Finland through Russian competition and is rapidly disappearing from ether continental markets, according to reports on Russian commerce. Free offerings met only limited buying in United Kingdom markets yesterday. This is due to declining tendencies in American markets and reports of improved labor conditions in the Argentine Continental demand has fallen off. The American Maize Products Company plant, largest user of corn in the East, will not close its doors indefinitely, but will curtail grinding operations, officers of the company sa'd today % A largre number of traders are bullish on wheat and bearish on corn. Interest in oats is being redactd and trade is not heavy. Raw Sugar By Vnittd Financial NEW YORK. May 10.—Raw sugar futures opened lower with May. 4.15 c bid: Jnlj. 4.27@4J38c; September. 4.33 @

ißy Thomson * McKinnon i —May 10—

prey High Low '-lose close Houston Oil 63% 63 63% 65% Marland Oil 32 ... 30 32 Pan-A. Pete 40 48% 48% 49% Pan-A, P B 47 Vi 46 % 46% 47 % | Pacific Oil. 47 45% 45% 47% : Pro & Ref 24% 23 % 23% 25 Pure Oil. . . 21 % ... 30 Vi 22 Std Oil Cal 57% ... 56% 58 Std Oil N J 34% 33% 34 34% Sinclair.. . 18% 18% 18% 18% Texas Cos. . 40 % ... 39 Vi Minings— Tex G & S 59 % ... 69 59 % Coppers— Am Smelt.. 63% 62% 63 63 Anaconda. . 32 % ... 32 Vi 32 % Kenneeott.. 19 ... 38 % 38% Trans Ct Oil 4 3% 4 4 Industrials— Allied Chem 71% 71 71 % 71% Amer Can .102% 101% 101% 102% Amer Wool 65% 64% 65 66 Coca-Cola 64 % 64 % 64 % 64 % Congoleuni .40 ... 30 40 Cont Cali. 46 % 46 % 47 47 % Davison Ch 51% 48% 40 51 % Fam P'ayers 69% ... 6:1%, 69 Gen ASphalt 85 ... 3 4 35% bit Harv 88% ... 86% 87 Mpnt Ward .23% ... 23 23% | Sears-Rochk 82 % 82 % 83 % 83 U S C 1 P. 85 83 % 85 83 % USIn Aco 67% ... 66% 67% Utilities— Am T & T. 125% 125% 125% 125% Con Gas... 63% 63% 63% Col Gas... 35% 35 35% 35% Shipping— Int M M pf 35% 34% 35 35% Foods— Am Sugar. 42 Vi 42% 42% Aus Nichols 20 ... 19% ... Com Prod. 172% . . 170 172% Cu C Su pf 58 57 % 58 57% Cu-Am Sug 31 Vi ... 31 % 31 % Punta Alcg 56% ... 55% 55% Tobaccos— Tob Prod 857 % ... 57 Vi 58 Vi

STOCK DECLINE KEEPS PUBLIC FROM MARKET Light Bond Offerings Steady IJsted Issues; Swing Toward Rails. Hil in it pit Financial NEW YORK. May 10.—Prices variod hut liitle during the abbreviated period\today, as the decline in stocks caused the public to remain out of the bond market. The light offerings of new bonds this week, scarcely more than 33 per cent of the previous week’s, have enabled listed issues to remain steady. Banking circles are looking forward to a series of foreign loans with the $100,009,000 German issue as the main attraction. The swing in listed bonds seems to be toward the rails again, as pool support is becoming thinly veiled on some issues. Considerable banking support, however, will be felt in some of the foreign loans before the new issues contemplated can be brought out at good prices New York Liberty Bonds —May I(> Prey. • High. Low. Close dose 3%b .. 90.28 99.37 99.28 99 30 Ist 4% ...100.8 100.5 100.6 100 9 2nd 4%. .100.5 100.8 100,6 100 5 3rd 4% s .100.21 100.20 100 21 100 22 4th 4', s .100 13 100 11 100.13 300 10 New G0v..101.29 101.28 101.28 100.26 Noti—Quoted in decimal thirty-seconds DRIVE CUTS PRICES ON STANDARD STOCKS Oils, Fall Three Points; Others in Sympathy With List* Hu I hitnl ii tain ml NEW YORK, May 10.—The cuts in mid-continent crude oil prices furnished the basis for a drive against both Standard and the independent oil stocks traded on the curb. Standard of Pennsylvania fell 3 points. Ohio Oil was down 2, and New York Transit off 3 points. Virtually every item of the active industrial and oil stocks finished lower, with Creole Syndicate and Borden showing about the only gains and these were of minor consideration. Curb metal stocks sagged ' off in sympathy with the Vest of the curb list. Except for some interest in public utility issues there was little doing in the curb bonds

New York Curb Market ( By Thomson & McKinnon) —May 10— —Closing— Bid. Ask. Acme Packing 6 10 Curtis Aero com 4 % 8 Curtis Aero pld 30 35 Dubiliers 32% 32% Mutual 9% 10 Int Petroleum 17% 18 Kirby Oil 1% t % Prairie Pipe 10) 101 % Standard Motors 2 % 2 % Sad Creek 24 % 24 ■% Tonnpah Extension ....... 2 % 2 % United P S new 6 6% IT S Light and Heat 65 75 U S Light and Heat pfd ... 90 91 Vi Stand On Indiana 50% .57 Stand Oil Kansas 4040% Stand Oil Ky _....101% 102% Stand Oil N Y 38% 38% Vacuum Oil 59% 60 % Produce Markets INDIANAPOLIS. May 9.—Fresh eggs, loss off. 20c; packing stock butter. 25c; springs, over 2 lbs., 23c; fowl a, 5% lbs. up. 23c: fowls, under 4% lbs., 18c: Leghorn poultry. 25 per cent discount: cocks, 13c; stags, 18c; young tom turkeys. 12 lbs. up. 24c; young hen turkeys. 8 lbs. up 24e; geese. 10 lbs. up. 12c; squabs. 11 lbs. to the doz., $5.50; old guineas, doz., $4.50. Indianapolis creameries are paying 52c per pound for butterfat. CHICAGO, May 10—Butter—Receipts, 14.070: creamery extra. 370: standards. •37c: firsts. .34® 35c; seconds. .30® 33c. Eggs—Receipts. 33.958: ordinary firsts, 21 @2l %e: firsts. 23% @23Vie. Cheese— Twins. 17c: Yhung Americas, 18c. Poultry.—No receipts: fowls, 24@:26e: dinks, 25c: geese. 14c; turkeys. 20c roosters, 14%c: broilers. 50@55c. Potatoes—Receipts, 183 cars; operators asking same prices as yesterday for old stock. CLEVELAND. May 10.—Butter—Extra in tubs. 40% 41c; extra firsts. 38<®39e; firsts, 36@36c: packing stock, 24@260; standards. 38 @ 40c. Eggs—Fresh gathered northern extras, 27 %c: extra firsts. 26 %c; Ohio firsts. 24 %c: western firsts, 24c. Poultry—Live fat fowls, 27 @; 28c; springers, 28@29c: Leghorns. 25c: roosters, 17® 18c; heavy white ducks, 36 fir.3Bc; medium fowls. 27@28c. Potatoes—Michigan round white, $2 @2.25; Minnesota white branded, $1.30 @1.50; New York, [email protected]. fin 1 50-nound bags. NEW YORK. iV-v Hi.—Flour—Quiet, firmer. Pork—lnactive: mess. $24.5 Ca 25.25. Lard—Steady: Midwest spot, $11.05 @11.15 Sugar—Raw quiet; centrifugal. 5.90 ;refined quiet: granulated. 7.40® 7.50 Coffee—Rio spot, 14% @ 15s; Santos No. 4, 18%@19%c. Tallow—Steady: special to extra. 7%@7%c. Hay—Dull: No. 1. $1.50@ 1.55; No. 3. $1.25® 1.30. Dressed poultry—Steady: turkeys. [email protected]; eheiken*. 30® 48c: capons, 34@t>2c; ducks. 20 @ 24c: fowls. 20® 340: ducks, Long Island. 22® 23c. Live poultry—Firm; geese. 10® 14c: ducks. 13 @ 28c: fowls, 30®31c; turkeys. 20®30c: roosters. 16c; capons. 40® 55c: broilers. 35 @ 50c. Cheese—Steady; State whole milk, common to special, 16@21c; State skims, choice to specials. 11® 17c. Butter— Firm: creamery extra, 38Vic: special market. 39 Hi .39 be; State dairy tubs. 32® 38c: Danish. 39@>41c: Argentine. 33% @ 350 Eggs—Steady: nearby white fancy. 32@33c nearby State white. 25@31e: fresh firsts. 24% @2BVie; Pacific coast first to extra. 26 @34 % < ; west! rn mixed. 31c: nearby brown. 29®31c. Gold and Silver By l nitpd Financial LONDON. May 10.—Bar silver, 33 %and. up l-16d: forward. 33%d, up l-16d.

THE INDIANAPOLIS TIMES

28-CENT SLUMP HITS HOG FRICES Porkers Lowest of Week at $7,50, Hog Prices Day by Day May 250-300 lbs. 200-275 lbs. 150-180 lbs. 5. 7.65 7.65 7.65 6. 7.70 7.70 7.70 7. 7.65 7.65 7.65 8. 7.70 7.70 7.70 9. 7.70 7.70 7.70 10. 7.50 7.50 7.50 Large receipts and few shipping orders brought the price of hogs at the local livestock yards today, down 20 cents, on the poorest market of the past week. The market was a one price affair at $7.50, the bulk quotation, as compared with Friday' 3 price of $7.70 and top mark of $7.75. The demand at the very start of the j market was poor, few shipping orders being received and local packers taking only mediocre interest. Pigs reflected the general low market and were selling steady to 25 cents off. Choice heavies brought $7 while most pigs in the lighter classes, were selling under this figure. Sows remained generally steady at $6.60 to $7 for smooth light packers and roughs were quoted accordingly lower. Receipts, 10,000 including 1,923 holdovers. In looking over the past week, hog prices have been mostly steady and firm, with only small declines or increases from day to day. except today's 20cent slump. Cattle trading was of the usual dull, Inactive, week-end variety with not more than 200 head offered for sale. Prices were nominally steady with exception of heifers which were quoted from 50 cents to $1 higher. During the last six day’s trade, although at times it was the opinion of traders that prices should be trimmed in line with lower outside markets, local trade has been mostly steady. Oruinary medium cows, however, have been offered at an off price from 50 cents to sl. Contrasted to tttis. good heifers of the baby beef type are commanding 50 cents to $1 higher as compared with the previous week. Dull inactive trade ruled in the calf division with prices generally off 50 cents. Bulk of sales were made at $10.50 to sll. A few isolated sales 01 odd fancies were reported at $11.50. Receipts 400. Sheep receipts were not enough to give the market an accurate test. Less than fifty head were In the pens, and prices were merely nominally steady. —Hogs— Choice lights $ 7.50 Light mixed 7.50 Medium mixed 7.5 u Heavyweight* 7.40@ 7.50 Bu'.k of sales 7.50 Top 7.50 Packing sows 6.25® 7.00 Pig* 4 00 4* 7.00 ( at tie— Prime corn-fed steers. 1.000 to 1.800 lb*. . 5 9.0044 11 00 Loot! to choice steers, 1.000 to 1.100 ll 8.5041 900 Good to choice steers 1.000 to 1,200 lbs 7.504* 9.00 Good to choice steer*. 1.000 to 1.700 lb* 6.05® 750 Common to medium steers. 800 to 1,000 lbs 6 00® 7.00 —tows and HeifersGood to light hitlers $ 6 00® 9 50 Good heavyweight 7.004* 8.00 Medium heifi rs 600 4* 7.00 Common heifer* &*oo4l 000 Fail* cows 6.00411 7.00 Cutter* 2.7644 3.2 ft Caimers , 2.75® 3.75 —Bull*— Fancy butcher bulls $ 6.00® 6.00 Good to choice butcher bull* 5.00® 5,50 Bologna bulls 4.25® 4.76 Choice veals $10.50® 11.00 Good veals 7.50® 8.50 Lightweight veaD 6.00® 7.40 Common heavies 5.00® 7.00 Top 11.50 —Sheep and Lambs— Extra choice and lambs. . . .$13.00® 15.00 Heavy lambs 10.00® 13.00 Cuii lamb* o.oo® 10.00 Good to choice ewes 5.00® 8.50 Culls 3.00® 5.00 Spring lambs 15.00® 19,00 Other Livestock CHICAGO, May 10.— Hogs—Receipt*. 6.000. market uneven, mostly 10c off; top. $7.60: bulk. $7.26® 7.50; heavyVveighl. *7.35® 7.60. medium, $7 30® 7.50 light s7® 7.50: light lights. so® 7.30: heavy packing. smooth. $6.80® 6.95: packing sows, round s6.6o®ft W; killing piks. $5.25® 6.50. Cattle—. ceipts. 1,000. compared with last veek Beef steers 25 44 40c lower, better grade* showing most declines: yearlings steady to i 35c off: extreme top mature steers. $12.50; best yearlings. $11.50: better grades fat cows and heifers strong, ower grades fat cows and caimers and cittern dull, weak to 25c off. bulls 10®15<: off realms sl<s I "5 up: Stockers and Defiers strung to 26c up; bulk prices; lieef utters : and yearlings. $8.50® 10.75: Stocker: and 1 feeders. $0 75® 7.50: tat cows and heifers, | $6.35® 8.50; dinners and cutters, $2.25® i 3,50; veal calves, $6.35@ 9.50 Sheep— Receipts, 5.000, receipts practically all direct; market nominally steady, for week around 24.000 direct. 180 cars feed lot; compared last week, fat lambs steady, weak: top wooled skinned. $17.35; practical top clippers. $15.05; fat sheep 50c up: spots up more; bulk prices tat lambs. $16.50® 17.25; clipped kinds. $4.50® 15.35; springers. $16®18; clipped wethers, $9®9.25; wooled ewes. sß®9; clipped .$7.50® 8.50. EAST ST LOUIS, May 10.—Cattle— Receipts, 700; market. 25c higher than week ago: native beef steers, $6.50® 10; yearlings and heifers. $7.75®9.25: cows, $5.25® 6.75; canners and cutters. $2.25® 3.50; calves. $8.50®9.50: Stockers and feeders. $5.60® 7.60. Hogs—Receipts. 7,000 market. io®lse lower; heavies, $7.10® 7.40: mediums. $7.55® 7.40; light. $6.95® 7.45; light lights. $6.25® 7 35; packing sows. $0.25® 6.60; pigs. $5.75® 6.75; bulk. $7.10® 7.45. Sheep —Receipts, 600: market. nominally steady; ewes. $5.50® 9.25; canners and cutters. s2iii 5.50; wool lambs. $14.50® 15.00. EAST BUFFALO. May 10.—Cattle — Receipts, 100; market, active, steady; shipping steers. $9.50® 11.50; butcher grades, $8.25 @9.50; cows. $2.25 @7. Catves—Receipts. 450; market, slow, 50c lower: cull to choice. s3@l2. Sheep and lambs—Receipts, 1,400; market slow, lambs 25c lower, sheep steady; choice lambs, sls® 15.25; cull to fair, $9.50® 14.50; yearlings. sß@l2; sheep, $3.50® 10.25. Hogs—Receipts. 3.200; market, slow to 5® 16c lower: Yorkers. $7.50®! 8.10: pigs. $7.25 @7.50; mixed, sß® 8.10; heavy, $8; roughs, $6 @6.75; stags, $3.50® 4 60. PITTSBURGH, May 10.—Cattle—Receipts light, market steady; choice, slo® 11; good. $9.50® 10.25; fair, $7.50® I 8.75; veal calves. [email protected]. Sheep and lambs—Receipts light; market steady; ! prime wethers. $9.75® 10.10; good, $;• @> 9.50; fair mixed. [email protected]; lambs. Sls @2l. Hogs—Receipts, 20 double decks; market steady; prime heavy, $7,904 8: mediums. sß.lo® 8.15; .heavy york *rs. [email protected]: likt Yorkerlt, $7.50; pigs, $7.25; roughs, [email protected]; stags. $3.25 @ 3.75. CINCINNATI. May 10.—HogS—Receipts, 3,000: market, easier, good <o choice packers and butcher*. $7.85. Cattle—Receipts. 350; market, steady; steers, good to choice, $8.50® 10.60. Calves— Market, lower; good to choice. s9@ll. Sheep—Receipts, 25; market, steady: good to choice, $7 @7.50. Lambs—Market, steady: good to choice, $14.50 @ls; springers, sl2 @2O. CLEVELAND. May 10.—Hogs—Receipts, 2.000 market, 10c lower; Y ark its. $8: mixed. $7.90: mediums. $7.90; pigs. $7.25; roughs, $6.25: stags. $4.50. Cattle —Receipts. lOO; market, slow*; good to choice bulls, unchanged Sheep and lambs—Receipts, 300: market. 25c lower; top. $15.26. Calves—Receipts. 100; market, 50e lower top. $11.50. KANSAS CITY, May 10.—Cattle—Receipts, 800; calves, 500; market, for week lietter grade, steady to 10c lower; other fed steers 15c to 25c lower; best yearlings and Texas grassera steady to 10c higher; medium yen lings steady; week's top matured steers, $11.50; matured year-

Shorfridge Boys Do Their Bit for Music Week

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LEFT TO RIGHT—CHARLES REID, DONALD HORNER, CARL ANDREWS AND HAROLD CROCKET.

lings, sll. better grade s tie-stock strong to a shade higheri; others fairly steady; bulls strong to 15c higher; cows, strong to 50c higher: stockers and feeder* steady to strong: bulk classes fed steers, sß® 10.75; Texans. $6 50® 7 40: yearlings. [email protected]. beef cows and heifers. $4.50 @8.50; canners and cutters. $2.25@ 3.75; bologna bulls. $4 25® 485 v aim—. $8.50 @9 5(1: stocker* and feeders, $6.50® 8. Hogs—Receipts. 5,000: fully steady, packer and shipper top, $7 30: desirable 215 to 300-pound average butchers $7.20 @7.30; bulk 165 to 210 pound averages. $7 @7,25: packing sows. $6.85. Sheep— Receipts. 1.000; for week Lambs 75c to 85c higher; top. $17.25, bulk. $16.65® 17.15; besi clipped. sls others $14.25® 14.85: top natives, $17.60; sheep 25c to 50c higher: top shorn wethers. $5: others, [email protected]: best shorn ewes. $8 35; bulk around SB. TOLEDO, May* 10.—Hogs—Receipts, 800; market 10c lo 15c lower heavies, $7.5041 7.60: mediums, VT.Tu® 775 yt l iters $7,70® 7.75. goi.fi pigs $6.75@7 Calve* market steady Shctp ,md lambs— Market steady Butt r—4o@4le. Eggs —2l @ 23c. Hay—s3o. Marriage Licenses Harry Weehsier 19 116 W McCarty tru<k driver: Lrla Rumanian. Hi. 1317 3 Meridian. Reginald Hibbitt. 21 .’413 Manlove. enamelling: Helena L Hugh ley. 18 2321 Hovcy. Gill G SarbmofT 416 Douglass restaurant: Angelina Stefanova. 33, 439 W Court, Lloyd V. Stillabower. 24. 915 N Illinois grocery clerk; Dorothy- A Norton 34 917 N. Illinois - ami;, maker John Ilean 53. 419 \V Sixteenth laborer: Alice Sales. 48. 144 'V Wabash, cook. George E. Voorheps 31 Flora lnd student; Mary W Hendrick* 34. Beech Grove WU'tam C Popp 30 Fl Wayne, inapt - tor Helen M Ha*llngtr. 33 23.30 N Alabama Floyd Archibald. 33 Kmgbtstown Ford salesman Ida M Holding 32 5133 E New York J Richard Ward 33, 31 W St Joseph clerk Louise Cowden. 17 3319 Barret! Joseph L Hosteller, 23 2819 Kenwood, steam fitter helper Alice Wiru. 31. 2160 S East, typist and cirri. Deaths Helen L Hobcrls. 21. 2912 Rader, chronic nephritis Lottie Jones, 48. city hospital septicaemia Cornelius Shine, 54. city hospital, peritonitis. Lucy Ewing 45 city hospital, anemia. Liuella Miller. 46, 329 W New York, tubercular enteritis. Infant Puillm, 1 day 1741 Yandes. premature birth Infant Pulltm. 2 day*. 1741 Yandes. premature birth. Roliert Virgil Bennett, tl days. 1512 Martindale acute eanliac dilatation Marie Pride. 10 month*, city hospital, broncho pneumonia Births Boy* George and lota Hauser, 3381 Carson Herman and Cleale Bickers. 2016 Wilkins Henry and Elsie Keeler. 3322 E. St. Clair. Harvc and Eva Wren. 1627 LaGrandc. Giimore and Mary Grant. 429 W. Norwood. Harry and Mary Demaree. 3202 Hovcy. William and Ola Lair, 3537 Walker. Howard and Beryl Suttinlller, 1326 N. Keystone. Emery and Olive Fortune. 736 Luett. Jack and Bessie Berger. 4 102 Byram. Harry and Mable Tibbetts, 1353 Nordylte. Joseph and Rose Goodin. 3217 N. Station. John and Mane Schenck. 2974 N. Denny. John and Hazel Creeden, 1133 Comar. William and Lottie Kriekenberger, Methodist Hospital. David and Edith Horowitz. Methodist Hospital. Arthur and Helen Pratt. Methodist Hospital. John and Elsie Oaks. Methodist Hospital. Ira and Ethel Wiliamson. City Hospital. Robert and Edith Cl verifier. City Hospital. Wayne and Daisy Sanders, City Hospital. Ruby and Elizabeth Corey, 2154 N. Illinois. Girls Harry and lla Stuck, 1325 Comar Clint and Martha Abner, 2926 School. Patrick and Bridget Burke, 1914 Ashland. Joel and Leah Green, Methodist Hospital. Clyde and Thelma Allred. City Hospital. Building Permits .1. W. Harvey, garage, 31 N. Ritter, S2OO. Margaret Lindenberg, garage. 2842 N, Dearborn, S2OO. A. E Glidden, dwelling. 2342 Valley, $2,500. A. B. Glidden, dwelling. 2338 Valley, $2,500. A E Glidden. dwelling. 1425 Garfield. $2,500. Albert E. Cole, dwelling addition. 518 Blake. $350. Clyde Hoekman, dwelling. 268 Laverock Road. $5,000. Charles E. French, duplex. 3239-41 College. $13,600. Charles K. French, two furnaces, 3239-41 College, SSOO. Frank Miller, dwelling addition, 217 N Tacoma. $350 Margaret Madden garage, 2317 N. Pennsylvania. S4OO. H. J. Corbin, dwelling. 44 Ridgeview Drive. $6,200. C. Schwartz, reroof dwelling, 1258-60 Edgemont.. S2OO. Roy Pitman, dwelling, 435 W. ThirtyFirst. $3,700. Colonial Furniture Company, sign. 47-49 S. Meridian, $2,000. Elva M. Sehmoll. dwelling and garage. 3602 Northwestern, $3,700. Harry R Childers, reroof dwelling. 462 Goodlet, $270 A. A. Butts, reroof dwelling, 3171 Graceland. $235 L. A. Cox. Iwelling. 621-23 N. Riley. $6:500. John Elliott, reroof garage. 2445 Broadway. S2OO. Anderson & Weston. Shed. 2115 S. Belmont. $450. Central Supply Company, business elevator. 210 S. Capitol, SI,OOO. Indianapolis Glove Company, manufacturing elevator. Senate and Thirteenth (rear). $3,000. Fred D. Wennig, garage, 2529 Webb. $260. Henry Kdlenbach. dwelling repair. 3135 College. S2OO. Hav and Straw Trade Hu T iiitrri Financial Nfw VORK Ma v 10—mi.p market for bav and straw is quiet and barely steady Unfavorable weather has checked the demand although there is verv little high rrade hay available There are 25 cars of hay at local railway terminals Large bales timothy No 1 quntab'e $30@31: No. 2, S2B @29: No. 3. $25 @26; small bales timothy No 1. 5.30 bid' No 2. s*>7 @2B: No. 3. $24 @25. Large bale* rye straw. $lB @2O. ,

The Short rids® High School saxophone quartette played on the Circle Thursday with the Shortridge Band as part of the celebration of National Music week. Donald Hor-

Golden Sunset

MRS. CHARLES SULLIVAN (LEFT AND MRS. PETER FENSTER.

By -\ FA ScrrtPp | AMBRIDGE, Mass., May 10. —A golden sunset is promisefl in tiie lives of Mrs. Peter Ktiister, 72, and -Mrs. Charles Sullivan, 69. All their days ihey have toiled hard, with little material wealth to show for their labors. Now they have been informed that a •>21,000,000 estate in England has been left to them. •Mis. Fenster, an inmate of the City Home, crippled by rheumatism, was asleep when the news was received. Awakened by her sister and nurses to be informed of the happy tidings, age seemed to fall from the shrunken form. She arose from her bed in sheer joy, crying: “I hope it is true! f do hope it is true!” Mrs. Sullivan, tlie sister, took the news calmly. For a year she had waited in confidence: for she had been told at a spiritualist meeting that, “money would come from over the sea.”

BUTLER TEACHER NAMED University of Missouri Graduate to Head School of .Journalism. H. E. Birdsong, University of Mis souri graduate, has been chosen head of the Butler University School of Journalism for next year, Dr. Robert J. A ley, president, announced today Herbert K. Hill, who has been acting head of the school, will be retained as an associate. Birdsong is 36 years old. married and has one child. He has degrees from the University of Missouri and will receive his Master of Arts 'Agree from tho University of Wisconsin in June. For five years he directed the school of publicity at the Emporia (Kan.) State Normal College. He has worked on the Wichita Beacon and the Kansas City Star. Writer Talks on Prisons Frank Tannenbauni, prison reform and labor writer, addressed a meeting of the Council of Social Agenyies at luncheon today at Che Lincoln on “American Prisons.” He will address a public meeting tonight at the Athenaeum on ”Sociai Conditions in Mexico.” Hen a Suicide TEALBY, England, May 10. —Lady Scrambles, a temperamental hen, owned by a farmer living near Tealby, was killed when she crashed through a glass door in an effort to attain her nest box in the cellar on a cold night. The hen always had refused to lay eggs anywhere except in the basement. Trappers Come Home TACOMA, Wash., May 10.—Palatial steamers are carrying the trappers home from Alaska. Instead of stealing out of the great northland silences In canoes piled high with smelly bales —as trappers always do in fiction — these intrepid adventurers are the gentry of the trade, traveling de luxe. SIO,OOO Damages Asked Suit for SIO,OOO damages was filed in Marion Superior Court today by Terence J. West, 1156 Hoyt Ave., against the Big Four railway. West alleges that he received injuries which will permanently disable him while at work for the company In December, 1923.

ner, 1246 W. Thirty-Fourth St.; Charles Reid, 2206 S. Meridian St.; Carl Andrews, 2825 Central Ave., and Howard Crocket. 41 ft W. FortyNinth St., comprise the quartette.

More than fifty years ago. the two sisters had come to America, with two brothers, from England. Trace of relatives was lost. The brothers moved west. Year after year the sisters drudged, hoping against hope for a turn in their fortune. Then, after half a century, an advertisement appeared in a Boston paper. It read: “Will Mrs. Peter Fenster and Mrs. Charles Sullivan, once of Liverpool, England, and Cambridge. Mass., communicate with Mrs. Sarah E. Elliott, nee Holmes, of Woodburn, Ore. Important information.” Charles W. Sullivan, son of Mrs. Sullivan, rc-ad the advertisement. Mrs. Elliott was found to be the daughter of one of the brothers who had moved west. And the “important information” she wired was the first step in placing undreamed of millions into the hands of two women who had toiled to the sunset of life.

BOARD EXPENSE ACCOUNTS LARGE Auditor Says Election Costs Reported Will Be Slashed, Expense accounts submitted by precinct election boards are unreasonably large, according to Harry Dunn. Marion county, the election boards will cost the county approximately $21,063.50. resolutions" offered A. M. E. Zion Church Workers Continue Convention Sessions. Several resolutions providing for change in the church organization were introduced at convention of the A. M. E. Zion Church in Tomlinson Hall today. One of the resolutions provides for creation of an annual conference board. Reports of President D. C. Suggs of Livingstone College was heard Friday. A total of $182,000 had been raised for the school, he said. Prof. J. W. Martin, secretary of education of the church, reported 110 teachers employed In the educational department.

710/ with The 7% Cumulative Prior Lien / Safe 6/ Stock of this Company is a sound TAfX. investment, based upon the sta--4 pRFIR bility, growth and prosperity of the 100 or more communities served with Electricity, Gas or SUPERvisioa water, all 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. f Indianapolis, lnd.

HOMEBUILDER SHOULD CONSIDER MANYQUESTIONS Department of Commerce Has Experts Study Financial Side of Issue. WASHINGTON. May Ift.—A catechism for prospective home-builders, whethe\ newlyweds or older couples, has been issued by the Better Homes in Ameiica Association, which aims at the elimination of financial and physical difficulties associated with the purchase of permanent abodes. Before buying or building, the association suggests the prospective home-builders ask themselves the Allowing questions: What is the family’s annual income, and what will it probably be next year and the year after? If business slackens, is he likely to lose his position or have his earnings reduced? Will any one else in the family be able to earn his income? What does the family pay for rent each year? How much of the income is saved? How much could the family afford to pay out. each year in paying for a house, and for the expenses that go with it? Experts Study Question The Department of Commerce has had experts study the question of home ownership and Dr. John M. Gries and Mr. James S. Taylor have prepared in addition to the foregoing financial catechism an outline on points to survey carefuily before taking the final step in buying or building. are: x 1. General location: (j A. Land values (high or low). B. Transportation facilities to place of work and shopping centers. C. Protection offered to homes, (private restrictions, zoning ordinances, fire and police protection). 2. Specific location of lot: A. Character of the neighborhood B. Location with reference M schools and playgrounds for childreß C. Desirable points (shade tre< and shrubs, set of house witfl reference to sunlight and prevailin™ winds, character of the soil and necessity for grading, filling and draining). 111 Buying Property 3. Safeguard in huying property. A. Danger of buying lot too long before building. B. Extent of improvements, (p<M ing. sidewalks, water supply, gfl electricity and sewage). V C. Possible assessments. V D. Proportion of lot values, total outlay. c E. Checking property values (lan(i and house). I F. Plan of house and quality ol construction. G. Steps taken in buying. H. Examination of title. Various methods of saving money, such as leaving out basement par:itions and porches which may be built later are suggested by the association. Great stress is laid to the fact that the home is one of the greatest factors in national education and that poor homes means poor Americans. Scientific arrangement of the various parts, beautification of interiors. proper furnishings and good management, are all part of the campaign now being carried on for better homes.

BEER RESTRICTION LIFTED IN BERLIN Drinking in Germany Back to Pre-War Basis. B;i Times Special BERLIN. May 10.—Drinking in Germany has now reached pre-war proportions. During and shortly after the war, shortage of food caused sharp restrictions for the liquor and beer industries, but these have been lifted as the grain shortage declined. While in 1919 the breweries consumed 2 7 centners of grains, the corresponding figure for 1923 was 12,000,000 centners, which represents about the pre-war average, despite the fact that the country lost about 12 per cent of its population. Habitual intemperance increased* accordingly. While in Nueremberg* the special guardianship for ini ebriates, instituted in that town irfl 1917, only handled twenty cases, the! number of eases in 1922 was 442 and! in the following year it was 1,738.1 The psychiatric, clinic of Koenigs! berg had among its patients in 19171 only 2.67 cases of chronic alcoholisnfl against 14.75 in 1922. * Crimes committed under the ini fluence of alcohol have increased ii| the last few years, according tofl authorities. I Germans regard beer drinking affl in the same category as eating.l Dor instance. Professor Abel of Jenaß University says the beer drunk her<J between January, 1920, and ber, 1922, had forty-one times i much nutritive value as the given hungry children by Quaker si|j| lief organizations.

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