Indianapolis Times, Volume 36, Number 6, Indianapolis, Marion County, 17 May 1924 — Page 11
SATURDAY,. MAY 17, 1924
STOCKS CONTINUE IMPROVEMENT IN .EARLY DEALINGS Crucible Recovers 51 Points and Reaches New High Mark, Daily Stock Letter ißv Thomson & McKinnon) NEW YORK, May 17.—Wc have further evidence this morninx of the slowing down in business through the announcement of Bethlehem Steel Corporation to work their Baltimore plant five days per week. Reading between the lines of Duns and Brads I reef s, however, one ean detect a tinge of hope that slowing down is approaching the end. There is no gain saying the fact that the final disposition of the bonus bill will be the determining factor in business with its natural reflection on the market. Even the most optimistic press report estimates that if the veto is sustained it will be by a narrow margin. I You can make up your mind to this fact that if the bonus bill becomes a law you can forget about tag reduction at this session. it would be inconsistent to increase lur obligations and enact legislation that lould decrease our income. A continualion of yesterday's strength, with incidental Short covering may be expected today. By United Preaa NEW YORK, May 17.—Weekly mercantile reviews had the most cheerful tone of several weeks, reporting greater firmness in whpleeale lines ajs a result of recent price concessions. Renewed stability in several markets* was interpreted to indicate curtailment of production brought output in line with consumption. Stocks continued to display considerably improved action in the early dealings. Crucible reached new high ground'on the recovery at SI, in response to Chairman “Wilkinson's statement that earnings so far this year have ben more than sufficient to cover divided resumption. In the railroad section of the market stocks in the investment class maintained outstanding strength, especially Atchison, Southern Pacific and Chesapeake & Ohio. Industrials Wait Outcome Leading industrials displayed a tendency to hang fire at the weekend, awaiting the outcome of Monday’s test as to whether the bonus advocates will be able to muster {sufficient votes in the Senate to nullify the President’s veto. For the first time in several weeks, the tenor of weekly mercantile reviews was optimistic, thotigh attention was still called to the limited buying in many lines. The action of representative railroad shares continued to emphasize the strength of the investment situation, which will not be impaired no matter what happens during the remaining days of the present congressional session. The market close,! lower. Closing prices inchifieu: U. S. Steel 96 vs. off %; Bald- • 107. off 1: American Woolen 64. off Can 100%. off % : Industrial Alcohol ■*. off % : Cast Iron Pipe 85%. off %: Pan-American Petroleum “B" 40%, off %; Anaconda 29%. ofC 1%; Kennecott 37%. off %: AtehisotiS*lo3%, off : Atlantic Coast Line 120%. off %: Chesapeake (c Ohio 76. off % : Southern Railway 54. off *7": Southern Pacific 88 %. off %: Norfolk & Western 119. off %. Local Bank Clearings Indiarr**. polis bank clearingrs Saturday were {3,034.000: for the week. $22,573.000. Bank debits to $7,153.000; for the week. $42,583,000. New York Liberty Bonds —May 1— Prev. High. Low. Close. close L B 3% .. . 99.31 99.29 99.29 99.31 L B Ist 4%.100.21 100.19 100.21 100.19 L B 2d 4% .100.13 100.12 100 13 100.14 L B 3d 414.101 100.31 100.31 101 L B 4th 4% .100.26 100.25 100.26 100.26 New Govt. ..102 20 102.16 102.16 102.18 Note—Quoted in decimal thirty-seconds. Foreign Exchange NEW YORK. May 17.—The foreign exchange market closed steady with francs and sterling slightly up from Thursday s closing. Sterling. demand. $4 36%. Francs, demand. 5.71 %e. Lire, demand, 4 44%e. Belgian francs, demand. 4 83%c. Marks. 4.210.000.000.000 to the dollar. Chicago Stocks (By Thomson & McKinnon) —Mav 17— Open. High. Low. Close. At nfd Ills.. 74 % At Lea pfd 64% 64% 62% 62% Cudahy .. 56% 56% 56 56 ConfT Mot.. 6% 6% 6% 6% I. McN new 4% 4% 4Vi 4% Swift & Cos 101 Swift Inti.. 19% 19 % 19 % 19% Sffijvart W.. 58 >4 58% 57% 58 £? Car.. 56% 56% 56% 56% t&fley ... 35% 36 35% 36 Yellow Taxi 42% 42% 41% 41% Produce Markets INDIANAPOLIS. May >l7.—Fresh eggs. 21 %e: packing stock butter. 21c: fowls. 4% lbs. up. 23c: fowls, under 4% lbs.. 19c: springers, 1924. 2-lb. size. 43c: cocks. 12c: young tom turkeys. 12 lbs. up. 24c; young hen turkeys. 8 lb. up. 24c: old to mturkeys. 18o: ducks. 4 lbs up. 16c: geese. 10 lbs. up. 12c: squabs. 11 lbs. to dozen. $4.50. CHICAGO. May 17.—Butter—Receipts, 3 7.918: creamery extra. 37c: standards. 39c: firsts. 34 (@ 35c; seconds, 30 ® 33c. Eggs—Receipts. 25,268; ordinary firsts, 21 %fi 22c: firsts. 23 % @ 24c. Cheese— Twins. 17 %c: Young Americas, B%e. Poultry—Receipts. 1 car; fowls, 23c: ducks. 23c: geese. 12c: turkeys. 20c: broilers. 40® 46c. Potatoes Receipts, 167 ears: Wisconsin round whites. $1.20 @1.50: Idaho russets. $1.90®2.10: Alabama triumphs, $3.75(g4; Louisiana triumphs. $3.25. S NEW YORK. May 17.—Flour—Dull, but steady. Pork—Firm: mess, §26®27. Lard —Steady: mid-west spot. 511 @ll.lO. Sugar—Raw- quiet: centrifugal (96 test!, 6.75 c; refined quiet: granulated. 7.25® 7.50 c. Coffee—Rio spot. 14% @ 15c: Santos No. 4. IS %® 19 %<\ Tallow—Easier: special to extra. 7@7%c. Hay—Steady; No. 1. $1.60. nominal: No. 3. $1.20® 1.30. Dressed poultry—Dull: %irkeys. 20 @3Bc: chickens. 30@48c: fowl*. 18® 34c: ducks. 22c: ducks. Long Island. 21c: capons. 34® 52c. Live .poultry—Dull f geese. 10@14e: ducks. 13 @ 25c: fowls. 26 @ 28o; turkeys. 20@30o: roosters, 15c: broilers. 30® 50c: capons, 35® 50c. Cheese-Quiet: State whole milk, common to specials. 16® 25c: State skims, choice to specials. 11® 17c; lower grades. s4® 10c. Butter—Weaker; creamery extras, 38%c: special market. 39@39 %e; Danish. 39® 42c: Argentine. 33 %@35 %o. —Steady: neat*>y whites. 34® 35c: firsts. 25%®29%0: Pacific ,■oasts. 35c: western whites. 26®33e: nearby browns. 30®32c: State whites. 26®33c. Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLINE —Enerree. 22r a gallon: Purol. 18.2 c: Red Crown. 18 2c; Diamond Gas, 18.2 c: Crystal Pep. 21o: Target. 18.2 c: Silver Flash. 22c: Standolind aviation. 23c. KEROSENE—Crystaline. 12.7 c a gallon: Moore Light. 15.5 c: Arelite. 12.7 c: Per faction. 12.7 c: Solvent, 35c. NAPTHA—Lion Power Cleaners. 22.6 c w gallon: V. M. & P.. 22.5 c; Standolind Cleaners 23 sc. .
New York Stocks (By Thomson & McKinnon) —May 17— Railroads— Prev. High. Low. Close. close. Atchison ..103% 102% 103% 103% At Coast L. 120% ... 120% 121 B & O 53 % ... 53 63 C A O 78% ... 76% 76% C St N W. . 53% 53 53% 63 C. R A P. 35 24 % 25 24 % Erie Ist pfd 32 ... 31% 32 Gt Nor pfd 57% 57% 57% 57% Mo Pac pfd 41 ... 40% 41 N Y Cent. 101% ... 101 101% Nor Pacific 63 % ... 52 % 52 % N'folk A W. 120 ... 119 119% P-Marquette 48% 48% 48% 48% Penn'vania. 43 % ... 43% 43% Reading ... 52 Vi ... 52 52 Vi Sd. Railway 54% ... 54 54% Sbu. Pacific 89 % ... 88 % 89 % St. Paul pfd 24% 24% 24 Vi 24% St. L 4 8 W 38)4 ... 36% 37 U Pacific. .133% .. 133 133% Wabash pfd 45% ... 45 45 % Rubbers— Gyear pfd. 43 42% 43 42% Kelly Spr.. 14% ... 16% 14% U S Rubber 27% ... 27% 27% Equipments— Am Loco mo 72 ... 72 72 Baldwin L. 107% 106% 107 108 Gn Electric.2l7 ... 216 216% Pullman ...118% 117 118% 117 Wostingh El 55% ... 55% 55% Steels— Bthlehen#. 47% 47 % 47% 58% Colo Fuel. -41 Vi ... 39% 40% Crucible . 51 % 60 60 % 60 % Gulf States 64 63 Vi 63% 64% P R C A I 47% ... 46% 47% U S Steel. 97% 96% 96% 97 Motors— Chand Mot. 44 % ... 43 % 44 % Gen Motors 13% 13 13% 13% Max Mot A 41% ... 41 Vi 41 Studebaker 32 31 % 31 % 32 Stew-War.. 58 ... 56% 68% Timken . . 35 ... 34 % 35 % Yellow Mfg 48% 48 ' 48% Minings— Int Nickel. 11% 11% 11% Tex G and S 60% 60 60 Coppers— Am Smelt. 62Vi 61% 61% 62 Anaconda. . 30 % 29 % 29 % 3 n % Kennecott.. 38% 37% 37% 38 Oils— * Cal Petrol.. 23% .., 23% 23% Cosden ... 29 % ... 28 % 28 % Houston Oil 63 ... 63 63 % Marland Oil 32 % ... 32 32 % Pan-A Pete 48% ... 48% 48% Pan A Pet B 47 ... 46% 47 Pacific Oil. 47% 46% 47 47% Pro and Ref 25 % 25 % 25 % 25 % Pure 0i1... 22 % ... 22 22 % S Oil of Cal 57 % ... 57 57 % S Oi lof N J 34 % ... 33 % 34 Sinclair... 19% 19 19% 19% Texas Cos.. 40 Vi ... 39% 40% Trans Oil 4 3 % 4 4 Industrials— , Al Chem.. 71% ... 71% 71 Amert Can. 101% 100% 100% 101% Am Woolen 64 Vi ... 64 64 % Coca-Cola.. .65 % ... 65 65 % Congoleum.. 34 % 32 K 33 % 34 % Cont Can.. 46% ... 46% 46% Davison Cm 46% ... 46% 48 ! Fam Players 71 % 71 71 % 71 Int Harvest 84 ... 84 84 Mont Ward. 22% ... 22% 22% Sears R buck 82% 82 82% 82 US C I Pipe 86% 85 85% 86 U S Ind Ale 64 % ... 64 % 64 % Utilities— Am TA T. 125% 125% 125% 125% Consoli. Gas 63% ... 63% 63% Columbia G 37 36% 36 % 36% Shipping— ■* Am Int Cor 21% ... 21% 22% Int M M pfd 35 % ... 34 % 35 % Foods— Am Sugar.. 42% ... 41% 43 Coi-n Prod.. 34 % 34 % 34% 34% iC C Sug pld 56 % ... 56 % 57 % 'Cub-A Sug. 30% ... 30% 30% (Tobaccos — Tob Prod. . 57 % ... 66 % 67 % GRIS STEADIER IN DULL-SESSION Wheat Closes Resting on Opening Level.* By United Preas CHICAGO, May 17 —Grains closed practically unchanged on the Board of Trade today, passing through one of the slowest sessions since pre-war days. Wheat prices moved within narrow limits during- today’s short session. A rally following the early dip regained losses and at the close values rested firmly at the opening j level. ! Corn closed unchanged. Selling ; pressure was met on slight rallies I and bulls were unable to do more than elevate to the opening figure. Oats displayed individual strength, closing unchanged to fractionally I higher. Nothing was done in proI visions and prices sagged at the finI ish. > Chicago Grain Table —May 17— WHEAT— v Prev. Open. High. Low. Close, close. May 1.04% 1.04% 1.04%. 1.04% 1.04% July 1.06% 1.06% 1 06 % 106% 1.06% ! Sept 1.07 \ 1.07% 1.07 Vi 1.07% 1.07% 1 CORN— May. .76% .76% .75% .76% .76% July. .75% .76% .75% .75% .76% Sept. .76% .75% .75’* .75% .75% OATS— May. .47 .47% .46% .47% .47 July. .44 .44 .43 % 44 44 Sept. .30% .39% .39% .39% .39% LARD— , May 10.47'10.47 10.45 10.45 10 47 May 9.9% 9.90 9.85 9.90 9.87 Mav. .65 .65% .64% .65% .65 * | July. .67 .67 .66% 67 .67 CHICAGO. May 17.—Car lot receipts were: Wheat. 22: com, 30; oats. 63. Cash Grain Saturday's receipts. 39 cars. Prices quoted 41 %c to New York; hay on track. Bids for grain at the Indianapolis Board of Trade were: Wheat —Steady; No. 2 red, $1 @ 1.02; No. 2 hard. 98c® sl. Com—Steady: No. 2 white. 72@74c: No. 3 white, 70%@72%0: No. 2 yellow. 72®73%c; No. 3 yellow, 70@72%c: No. 2 mixed, 69 % @ 72c: No. 3 mixed. 68 % ® 71c. Oats—Steady: No. 2 white. 45®46%c: No. 3 white, 44 Vi @46%e. Hay—Steady; No. 1 timothy. $22 @ 22.50: No. 2 timothy. $21®21.50; No 1 clover hay. s2o® 21. —lnspections Wheat—No. 3 red, 5 cars: No. 3 mired. I 1 car. Total. 6 cal's. Corn—No. 3 white. 10 cars; No. 4 ' white. 2 cars; No. 2 yellow. 1 car: No. 3 yellow 4 cars; No. 6 yellow. 1 ear: sample yellow. 1 car; No. 3 mixed. 1 car; No. 6 mixed. 1 car: sample mixed, 2 cars. Total. 23 cars. Oats—No. 2 white. 3 cars: No. 3 white. 1 car; No. 4 white. 2 cars; sample white, 1 car; No. 2 mixed, 1 car*. Total, 8 cars. Ry< —No. 2. 1 car. Total. 1 car. Hay—No. 1 timothy, 1 car. Total. 1 ear. ST. LOUIS. Mo, May 17 —Wheat—No. 1 red. $1.15: No. 2. $1.12%; No. 3. 51.11: No. 1 hard, $1.08%: July. $1.05%; September. $1.07%. Com—No. 2 white, 81c: July, 76 %e: September. 75 %e. Oats —No. 3 white. 49%@49%c; No. 4. 49c: May. 49c. TOLEDO. Ohio May 17.—Close: Wheat —Cash sl.ll® 1.18. Com—Cash. 79® 80c. Rye—Cash. 68c. Oats—Cash, 52% ®53%c. Barley—Cash. 77c. Cloverseed —Cash. $11.10: October, $12.15. Timothy —Cash and May. $3.50; September, $3.80. Alsike—Cash. $9.70: August. $10.20. Butter—4l ® 42c. Rggs—22® 23c. Hby—s3o. l CHICAGO. May 17.—Wheat—No 2 hard. $1.06. Com—No. 2 yellow. 78% ®7B%c: No. 3. 76®78c: No. 2 mixed. 77% ® 77%e: No. 3. 76%0: No. 4. 74%e. Oats—No. 3 white. 47%®48%0: No. 4. 46 %c: standards, 39®45%c. Com —No. 2 white. 78%e; No. 3. 76% @77c. Barley—67® 75c. Rye—No. 1. 66 %c. Timothy—ss® 5.75. Clover 18.50
POLICY TO HOLD ‘LONG TERMS,’ THIRD QUARTER Little Hurry About Getting Into Short-Term Issues. Moody’s Weekly Review of Financial Conditions in its current isoiie says in part: “Doubtless the most conspicuous new trend is the drift toward either Mr. Coolidge or else a conservative Democrat as the next President. Either alternative would be a bull point regarding trade and securities. “Judging from the monetary and trade outlook it appears to he a logical policy to hold a fajfly good proportion of long-term bonds well into the third quarter of the present year, and possibly into the fourth quarter. “There {teems to be no hurry about getting out of the long and into the short-term issues, except in certain individual cases where particular reasons apply. Yet if business follows the expected trend it ought to prove advisable to begin some time between November and the end of March to switch into short-term issues. DEPRESSION HITS LUMBERINpUSTRY Little Quickening in Trade Before August. Quoting from the weekly lumber market review of the American Lumberman, the general business situation is featured by decreasing prices, diminishing sales and dull manufacturing activity. These developments have affected some industries more than others, but are felt in practically all of them. Lumber, dependent as it is on the activity of other consuming industries, consequently is in, a state bordering on depression, and prices have shown a further weakening. Prospects are rather uncertain, but it is generally felt that the present dullness is largely due to the backward spring and to political uncertainties, and that these obstacles to business prosperity are on the point of disappearance. Unfavorable weather has delayed construction work and sales of important j wood users such as the automobile | industry, but confidence is strong j that the next month will witness considerable stimulation in both these | fields, as well as in other manufkcI turing lines which are more or less influenced by rainfall and tempera- | ture. It is also believed that the presi- ! dential nominations will be followed by a clearing of the political skies, so that the general expectation is of stimulated business by midsummer, though it is frequently pointed out tiiat the vacation season then begins to interpose itself and that litI tie quickening in trade can be looked i for until August. coffee Set PRICESSOARING •Brazil Curtails Shipments— Shortage Exists. For the last two months retail coffee pripes have #en steadily advancing. Local grocers are asking 10 to 20 cents more per pound for coffee than first of the year prices. The cheapest grade handled by many retailers is selling for 35 cents, formerly 25 vaults a pound. The best grades are now bringing around 50 and 55 cents. Extra tine is quoted at 60 cents. According to local wholesalers, coffee buyers held off in expectation of a large oofTee crop last >%ur, but just at harvest time, heavy rains occurred doing much damage. To make matters worse the Brazilian government* placed a restriction on the number of bags to be shipped. Consequently the supply of ordinary coffee is limited and there is an acute shortage in the better grades. Present prices may be expected to continue until arrival of the new crop. LARGE CONTRACTS LET SHOW NATIONAL GAIN Public Building Awards Falling Off Gradually. . Gains in construction during April, as compared with the month precedj ing and with the corresponding pej riod in 1923, occurred in three secj tions of the country, namely, the i South, the Middle West and the Far ! West. In all the other geographic divisions there were declines. Lgrge contract letting, however, has shown steady gains over the entire country during the past three weeks. Both private and public construction have contributed to these gains. Large public building awards have fallen off gradually since the week of April 24. Judging from the nurrjber of large projects now out for bids, any gains in contract letting during the next three weeks will be in private work.—Engineer News-Record. New York Curb Market (By Thomson & McKinnon) —May 17— —Closing— Bid. Ask. Acme Packing ......... ... 3 10 Curtis Aero, com ......4% 5 Curtis Aero, pfd 20 60 Dubiliers 32 39 % Indiana Pipe 90 92 Mutual Oil 9% 10 International Petroleum 17% 18% Prairie Oil and Gas 215 216 Salt Creek 24% 25 U 8 Light and Heat 50 60 U 8 Light and Heat pfd. ... 75 100% United Verde -..- 23 23% Omar Oil 6% 69 Standard Oil. Indiana 660)) 56% Standard Oil. Kansas 4040% Standard Oil. K.v -....104 105 Standard Oil, N. Y 39 39% Vacuum Oil 61 % 62 In the Cotton Market By I nit erf I‘rrxa NEW YORK. May 17.—The cotton market opened lower, with May. 31.05 c. off 12< July, 28.65 c, off 21; October, 24.95 c, )ff 10. Open. High. Low. Close. January .... 23.9.3 24.02 23.90 23.98 May 31.05 31.06 30.79 30.79 July 28.65 28.06 28.45 28.51 October 24 95. 25.00 24.85 24.97 December . . 24.35 24.35 24 20' 24.33
THE INDIANAPOLIS TIMES
STEADY TONE IN LOCALUOG PRICE Calf Market Tumbles Half to v a Dollar, WEEKLY TRADE REVIEW Hog Prices Day by Day May 250-300 lbs. 200 276 lbe. 150-180 lbs. 12. 7.00 7.60 7.60 13. 7.45 7.50 7.50 14. 7.50 7.00 7.60 15. 7.60 7.70 7.70 16. 7.70 7.70 7.70 17. 7.70 770 7.70 The usual dull week-end trade characterized-the hog market which remained steady in the face of light receipts and only mediocre Interest. The bulk of sales were made at $7.70, with only a few choice head bringing the top price of $7.75. Heavies were quoted from $7.60 to $7,750. Sows remained steady at $7 down. Pigs Xif~the best variety were bringing $7.25, with prices cut accordingly for the poorer classes. Receipts, 4,000. Holdovers, 406. After a sudden slump last Saturday when prices hit a bottom of $7.40 to $7.50, porkefrs have steadily gained until they reached the high of a week ago. Led by fairly good receipts and both local and outside interests, the market has fully recovered from a slump caused by heavy receipts and few orders. Practically all classes caught in the decline have regained the ground lost. With a suddenness that marks trading in the erratic calf market, prices took a tumble that amounted from 50 cents to sl. Receipts were fairly light, but salesmen found practically no sale for their stuff, even after the price trim. The extreme top paid was $10.50, a dollar lower than the top Friday. Almost all of the sales were being made at $lO. 'The trading in this division for the week ha.s see-sawed up and down between top $11.50. The market is as one trader said, “You can never tell a thing about that salt market." Receipts, 400. Receipts were light in the cattle trade, hardly enough to give the market a fair test. Less than 100 bead were offered at the start. However, the prices appeared to be about steady. Cows and heifers at $6 to $9.50 and steers at $8 to sll. This market lias remained fairly steady during the week. Steers were an exception. Heavy lgcal buying set a ; top of $10.75 late last week and the j same interests brought the price up. | Sheep and lamb prices weie steady j with less than 100 in the pens. Inactive trade has characterized this j division during the week. —Hog*— Choice lights $ 7.25 j Light mixed 7.60® 7.70 | Medium mixed 7.70 ; Heavyweight* 7.60® 7.70 ! Bulk of sales 7.70 Top 7.75 ’ Backing sows 6.25® 7 00 ; Ifigs 4.00® 7.25 —tattle— Prime corn-fed steers. 1.000 to 1.800 !bs $ 9.00® 11.00 Good to choii-e steers. 1.000 to 1.100 lbs 8.50® 000 Good to ohoil-e steers. 1,000 to 1.200 lbs 7.50® 9.00 Good to ehoioß steers. 1.000 to 1.700 lbs 6.06® 7.50 Common to medium steers. 800 to 1.000 lbs 6.00® 700 —Cows and Heifers— Good to light heifers $ 6 00® 950 Good heavyweights 7.00® 800 i Medium heifers 6.00® 7.00 Common heifers 3.00® 600 Fair cows o.oo® 7 00 Cutters 2.75 4, 3.25 Calmer* 2.76@ 3.75 —Bull*— Fancy bulls $ 5 00® 6 00 Good to choice butcher bulls 6.00@ 5.50 Bologna bulla 4.26® 4.75 —(jli \ fg Choice veals SIO.OO Good veals 7 50® 8 50 | Lightweight veals o.oo® 7.40 ■ Common heavies 5 00® 7.00 ! Top 10.50 . —Sheep and Lambs— Extra choice lambs sl3 00® 16 00 Heavy lambs 1 o.oo® 13.00 Cull lambs 6.00® 10.00 Good to choice ewes 5.00® ,8.50 Culls 3.00® 500 Spring lambs 15.50® 18.00 Other Livestock CLEVELAND, May 17.—Hogs Receipts, 3.000: market steady: Yorkers. $7.90; mixed. $7 90. pigs. $7 90; roughs, $7.25; stags. $6 25 Cattle—Bei-eipts. 300; market slow: good to choice bulls. s6® 7.50: good to choice steers, s9® 10.50, good to choice heifers s7® 8.60; good to choice cows, ss® 6 50: fair to good cows, s3@4 60: common cows. $2 @3; milkers. $354476. Snecp and lambs —Receipts, $5: market steady: top. sls. Calves—Receipts, 300; market slow; lop. sll. TOLEDO, May 17.—Hogs Receipts light: market steady to strong; heavies. $7 60®".70; medium. $7.80447.90: Yorkers. $7.80® 7.00; good pigs. $0 75® 7. Ca'ves—Market steady. Sheep and lambs —Market slow. CINCINNATI. Mav 17.—Cattle—Rv celptg. 850; market, slow: steers, good lo choice, $8.50® 10.50. Calves—Market, 5' c ®sl lower: extras good to choice. $8.50 @ 10. Hogs—Receipts. 3.700: market, steady: good to choice packers and butchers, SB. Sheep—Receipts 75; market, low: extras good to choice. [email protected]. Lambs—Market, weak; good to choice. slo® 18. EAST BUFFALO. May 17.—Cattle—Receipts. 275: market, slow and steady: prime steers. $9.50@>11; shipping steers. $8.25® 9.50; heifers. s2® 7 Calves— Receipts. 100: market, active, steady; cull to choice. s3® 11.50. Sheep and lambs— Receipts. 3,201): market. slow, lambs steady, sheep 75c@$l lower: choice lambs. sl4@ 15: cull to fair. $8.75 @ 13.50: veargins. sß® 12: sheep. $300.50. Hogs— Receipts, 3,200: market, slow to 10c higher; Yorkers, $7.250 8: pigs $7 25: mixed. $8: heavy. $8; roughs. $006.75: stags. $3.50 O’ 4.50. EAST ST. LOUIS, May 17.—Cattle Receipts, 400; market steady to 25c low er: vnativc beef steers. $7.0009.85; yearlings and hellers, $7.75 @>9.25: cows, $5.50 @0.75; canners and cutters, $2.25@3 50: calves, $9.50® 10; stock ers and feeder*. $5.50 0 0.75. Hogs—Receipts. 5,000; market steady to strong: heavies, $7.5507.60; mediums. $7.4507.65: light, $7.10 @> 7.60; light, lights, $0.250 7.60: packing sews, $6.2506.00; pigs. $5.750 6.85; bulk, $7.3007.55. Sheep—Receipts. 150: market steady: ewes, $1 50®!8; canners and cutters. $ I @4.50; wool lambs. $12.50® 15.25. CHICAGO, May 17.—Hogs Receipts, 4,000; market steady, 5c up; top. $7.05: bulk, $7.3007.00; heavyweight. $7,450 7.05: medium, $7.4007.05: light, *57.20 @705: light lights. $0.2507.55; heavy packing, smooth. $69007.10: packing sows, rough. $0.75®6.90: killing pigs. $5.600 0.75. PITTSBURGH. May 17.—Cattle—Receipts, light: market, steady: choice. $10.500 11: good $0.50010.25: fair. $8 @9> veal calves. sll @11.50. Sheep and lambs—Receipts. light; market, slow: prime wethers $9.2609.75; good, $8,50 09; fair mixed, $607.50: lambs, $l2O 19. Hogs—Receipts. 20 double deckers: market steady; prime heavy. [email protected]: mediums, $8.200 8.25; heavy Yorkers. $8.200 8.25: light Y’orkers. [email protected]; pigs. [email protected]: roughs. $606.50; stags, [email protected]. Greatest Exports Since War Exports of domestic manufactures from the United States in the fiscal year 1924, which ends next month, will materially exceed those of the fiscal years 1923 or 1922. While they will not. of course, equal those during or immediately following the war,' they will apparently exceed those of the fiscal year 1923 by about $200,000,000, and those of the fiscal year 1922 by more thttn and will also be much greater than in any year preceding the war.
American Fliers Reach Jap Islands in Daring Flight; Near Lead Again in Around World Race
SIBERJA W. V RUSSIA ( Maxt* 0 Cl-fINA ° ca “ A vocm Route of \ f American Flyers ;( Africa [ /V/ CANADA tTWiandJ £ Russia Siberia _ china jI/" Route Os jCT Briti6h Fivers r? lAfrjica araig-A *U-■—u —— Route todc Covered. T AFRICA y ~Romc Covered to IlAle 1
By United Prctt PAMARASHIRU ISLAND, KURITES, Japan, May 17.—The United States Army's round-the world flight has reached Japan. Three of the big army, planes which left Cloverftgld, Santa Monica in March came winging into Parmamashiru Bay after a successful flight from Chicagoff, Attu Island. It was one of the most difficult flights ever attempted and led through uncharted air lanes over the icy waters of the north eifle and along bleak and uninhabited coasts. The flight was the longest of the ambitious effort of the army to , span the globe in the air and was considered the most dangerous.
Jackie to Visit Indianapolis Folks
JACKIE COOGAN
of your warm clothes,” says Jackie. . The lovable little film star will be in Indianapolis in August to thank folks for the donations. Anything that is warm and has a little wear left, either for children or grown-ups. will be acceptable.
CLINE THROUGH’ ON OIL PERMITS Park Board Member Refuses to Vote on Filling Station, A resolution to issue $90,000 in •bonds for construction of a swimming: pool in Rhodius Park was adopted by the park board today. Against the vote of Fred Cline, who announced he was "through" acting on filling stations, the board approved plans for a station at Sixteenth St. and Capitol Ave. Damage roll for acquiring four lots for a playground at Roosevelt Ave. and Olney St. was approved. Hearing on damage roll for "Convalescent Park” ground between Coe, Wilson and Maxwell Sts. was continued. The pay of six men in the park construction work was increased from 45 to 50 cents an hour by the board. Mayor Shank's absence caused the board to defer formal action on dismissing employes who failed to support his candidacy for Governor. PLAZA PLAN RESTUDIED Conunlssoin Seeks to Find New Site for Memorial Building. After assuring the First Baptist and Second Presbyterian Churches has no intention of razing churches in execution of the War Memorial PJaza plans, the memorial commission is seeking a way to re-locate the main memorial building. Under present plans the churches would have stood out, beside the memorial building, “like sore thumbs,” it has been said. Contract for the American Legion building, at the northwest corner of St. Clair Park, was let to the CringCurtiss Company, Cleveland, for $389,820. Woman, 88, LHe Hu Timm Special NOBLESVILLE. Tnd., May 17. Mrs. Martha Anderson, 88, was found dead Friday night at her home In the northwestern part of Hamilton County. Three children survive. She was one of the oldest women in the county. Officers Slate Motorist Calvin Rickey, 4436 Central Ave., was arrested on charges of asault and battery by acident prevention bureau officers today. An auto driven by him struck Donald Duck, 1619 N. Talbott St., at Delaware and Sixteenth Sts., on May 16, police saj*.
HOW THE RACE STANDS TODAY. x
It was the first time airplanes ever have flotvn from the North American continent to Asia. Japanese and American destroyers with their crews were awaiting the planes and cheered their arrival. The flight now will continue through the Japanese islands until the arimen reach Tokio, where elaborate arrangements have beenmade to hoffor them. The Japanese naval air forces will cooperate on the flight through Japan'ese territory. The jump of the American flyers from Chicagoff to Paramashiru w T a,s more than 800 miles and places them near the lead of the efforts of four nations to gain long distance supremacy in the air.
Indiana p olis youngsters are getting ready to answer the call of Jackie Coogan, film idol, for old and cast-off clothing to be shipped to the desttute children and refugees of Bible lands. June 4 has been selected as Near East Relief Bundle day in this city. The children of the public schools will cooperate in gathering the clothing. It will be part of the cargo of Jackie's milliondollar food ship to sail for the Near East eacly in September. > Bundle stations will be announced early next week. Harry E. Y’oekey is chairman of the Bundle day committee, and the campaign will be conducted from Near East Relief headquarters, 528 People’s Bank Bldg. “You can't share the warmth of your fireside with them, but you can spare them some
SENTENCE IS IMPOSED Alleged Liquor law Violator Also Is Fined S3OO in City Court. Terrence king. 420 Noble St., was sentenced to übiety days at the Indiana State farm and fined S3OO in city court today on a charge of violating the liquor laws. Charges were dismissed against his wife and Edward Beyers, same address. George Wood and Shirley Murphy, 2129 Alabama St., and George Ellis, 1120 W. Thirty Fourth St., were bound over to the grand jury on charge of transporting liquor. THINKS DOHENY FINANCED REVOLT Wheeler Tri£s to Show Oil Man Helped Mexico, By United Prraa WASHINGTON, May 17.—An attempt was made in the Daugherty investigation today to show that the SIOO,OOO loaned to Albert B. Fall by E. L. Doheny, lessee of naval oil reserve number one, was used to finance a revolution in Mexico. Examining Warren H. Grimes, Department of Justice attorney, Senator Wheeler demanded to know if the department’s files did not show that “the alleged oil bribe of a. Cabinet officer went to buy arms for a revolution in Mexico.” “They may, I am not sure about that,” replied. COOLIDGE GETS PRAISE Chamber of Commerce Head Wires President on Bonus Veto. Henry L. Dithmer, president of the Indianapolis Chamber of Commerce today sent the following wire to President Coolidge congratulating him on his veto of the soldier bonus bill: “Please accept heartiest congratulations on your courageous veto of the soldiers’ bonus bill. Hope Congress will follow your example and leave American business and citizens generally free from frightful incubus of increased taxation necessary to carry bill as passed.” Other business men sent telt. grams to Senators Watson and Ralston urging them to support the President in his stand.
Capt. Pelletier D'Oisy, the French flyer attempting a flight from France to Japan, was at Hanoi yesterday and telegraphed Paris that he had finished tests to his new motor and expected to leave for Canton this morning. The British round-the-world plan, commanded by Maj. Stuart MacLaren, reached Calcutta yesterday. MacLaren expected to remain there at least until Monday to install anew motor and overhaul his machine. The Portuguese flight from Lisbon to Macau was held up in the Indian desert after a disastrous landing. It was believed anew plane will be necessary before the flyers can continue.
KLAN FACTIONS PLAN TO ATTEND SUNDAYMEETING Stephenson’s 'Boys' to Be Present at Conclave Called by'feossert Side. In spite of statements from KuKlux Klan leaders Friday that ! David C. Stephenson * had been ‘‘ousted’’ from the Klan, the Stephenson insurgent faction in the organization was busy today with plans for the State wide meeting called at Cadle Tabernacle Sunday. At Stephenson’s office today it was denied the Sunday meeting had been called by Stephenson. According to the Stephenson faction, the meeting was called by Hiram W. Evans, imperial wizard of the national Ivlan, who is expected here today. Stephenson, however, his “boys” would attend the j meeting in force. | According to statement of one member, “Evans, Bossert and Huff- | ington may have the organization, ! but Stephenson has the rank and file behind him.” Stephenson, known as the “old |,man” of the Klan in Indiana, is seeking to wrest control of the £tate organization from Walter F. Bossert, imperial representative in Indiana. Stephenson declares the Indiana Klan must have self-determination and election of its own officers. Joseph Huffington, great titan, declared Friday that Stephenson had no more to do with the Klan than he had with the Republican party. TWO WILL GRADUATE Indianapolis Girls to Get Degrees From Ohio College. Miss Helen Pritchard, 357 Downey Ave., daughter of Dr. H. O. Pritchard, secretary of the board of education of the Disciples Church, and Miss Leunice Horne, 783 East Drive Woodruff Place, are to receive their bachelor of arts degrees at Hiram College, Hiram, Ohio, June 19. Miss Pritchard is a member of the Olive Branch Literary Society and of Alpha Society, an honorary scholastic organization. Miss Horne is also a member of the Olive Branch Society and has been assistant in the college department of physical education. Other Indiana students who are members of this year's Hiram College graduating class: Miss Lorena Clarke. Edinburg; Harry Helwig, Ligonier, and Miss Fay Woodhull, Ft. Wayne. PENNSY ASKS INJUNCTION Seeks to Restrain City From Widening River Because of Bridge Costs. Injunction restraining the city from carrying out plans to widen and deepen White River unless costs of lengthening three railroad bridges is paid, was asked in Federal Court today by the Pennsylvania railroad. The river Improvement project will make necessary widening of bridges between Morris and Washington Sta. at a cost of $720,000, it is alleged. * Arm Broken at Union Station Mrs. Addie Schrader, 57, of 1126 N. Alabama St., is in city hospital today with a broken arm, received, police say, when she fell over a grip in Union Station.
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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.
1 WATSON FOR VICE PRESIDENT RUMORJUIETED •Walb Says Indiana Will Not Make Effort for Any Candidate. By C. A. RANDAU, Times Washington Correspondent. WASHINGTON, May 17.—'Indiana Republicans will not make any concerted effort in behalf of any particular candidate for Vice President,” Clyde A. Walb, Republican State chairman, said today in commenting on rumors that he was in Washington to advocate Senator Jim Watson for President Coolidge’s running mate. Walb Is leaving for Indiana today without having seen President Coolidge owing ot the President’s slight illness from bronchial infection. Unable to See Coolidge Senator Watson, Walb and Ewing Emison, Coolidge manager for Indiana, had an appointment with the President at 10 o’clock this morning, but when they arrived at the White House Secretary Slemp informed them the President would not come to the executive offices today because of his indisposition, which it is said grew out of catching a cold when he attended a garden party, Thursday afternoon. Walb said his principal reason for wishing to see the President was to urge the prompt promotion of Judge Albert B. Anderson. He believes the announcement of the promotion may possibly be made before the adjournment of Congress. Emison who is here to wind up his work as Coolidge manager will visit the President Monday or early in the week and will discuss the matters Walb had on his agenda. Watson Leaving Senator Watson is also leaving here this afternoon in order to be in Indiana well before next Wednesday’s convention, at which he will deliver the keynote speech. Owing to the fact that the House is wrapped up in consideration of the McNary-Haugen farmer relief bill, no members of the Indiana Republican delegation in the House are planning to attend the convention. Harry New will attend, and is expected to lea%*e Washington tomorrow afternoon.
•BOXING MATCH’ ON PAN Branch Promises to Watch Carpen-tier-Gibbons Match. Governor Emmett F. Branch will have representatives at the ringside at the Carpentier-Gibbons “boxing contest" in Michigan City, Ini., May 31, to halt the contest if it becomes a prize fight. This information followed a protest to Governor Branch by Dr. C. H. Winder, secrotary of the Indianapolis Church Federation, against the fight. Winders held that since large amounts were being paid the fighters and since one came all the way from France, it appeared something more than a boxing contest. Marriage Licenses Henry Gleaver. 23, 434 Arch, laborer. Marne Striking. 2061 Columbia. Robert W. Cossum. 25. 1200 Sherwin Ave.. Chicago. publishing; Margaret Duthier. 1630 Ashland, advertising copy writer. Elmer R Duvall, 22. 2211 Southeastern, truck driver: Ola B. Irwin. 18. 310 Trowbridge. Paul Rodgers. 38. 709 N California, lament worker: Zilper Killebrcw. 37, 1006 YY. Vermont. Fred Terhune, 20. Greenwood. Ind., factory manager; Lois D. Buckley. 21, 318 E. Eleventh, typist. Claude M. Mathews, 27. 2317 W. Morris. trucking: Margaret Koons. 20, 713 N. Delaware, file clerk Real Silk Hosiery Mills. Oscar D. Parrish. Jr.. 23. 5018 Central. Standard Oil: Madge J. Richardson, 19, 2042 S. New Jersey. Births Girls Court! and Mid Edith Ragland, dty hospital. Walter and Nellie Roberts, 1929 Hovry. Otis and Edna Sandefur. 825 English. Dowan and Crystal Ballard. 769 Indiana. William and Lottie Weddel, 1042 S. Harding. Henry and Margaret Cobel. 2726 W. Vermont. Sol and Rosie Cohen. Methodist Hospital. Maurice and Ruth Rooker. Methodist Hospital. Henry and Henrietta Wetland, 2167 Singleton. Thomaa and Viola Hillman. 410 Harlan. Boys Virgil and Alma King. 2021 Bluff Rd. Paul and Mary Fistfer, Methodist Hospital. Ralph and Clara Brown, city hospital. Lytle and Elms Roberts, city hospital. Patrick and Delia Gangham, 1214 Bradbury. William and Ethel Degischer, 538 N. La Salle. Deaths Daymond W. Dailey. 23. Methodist Hospital. toxemia. Lola Bertha Burnett. 37. Methodist Hospital. tetanus. Effie Joslin, 18. city hospital, pulmonary tuberculosis. Edward Thoman, 44. Methodist Hospital. exopbathalmic goiter. Porter Williams. 84. Central Indiana Hospital, chronic myocarditis. George McLellan Reeves. 62, 1217 Calhoun. chronic myocarditis, John H. Dailey, 73. 1020 N. New Jersey. apoplexy. Dollie Edwards. 62. 1943 Cornell, chronic interstitial nephritis. John Wright Freeland. 11. Methodist Hospital, fractured skull, accidental. Katherine E. Thamatm. 61. St. Vincent Hospital, chronic myocarditis. Rosa Cox. 23. 1205 Bacon, organic heart disease. Enoch Clayton, 72. 2959 McPherson, arterio sclerosis. Julia MeCaleb. 54, city hospital, encephalitis. Dave Thompson. 45. city hospital, cerebra lhemorrhage. John Henry Ford. 40. city hospital, acute peritonitis. Simeon E. Lewis. 81. 1450 Central, cerebral hemorrhage.
The 7% Cumulative Prior Lien Stock of this Company is a sound investment, based upon the stability, growth and prosperity of the 100 or more communities served with Electricity, Gas or Water, all public necessities. This
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