Indianapolis Times, Volume 36, Number 91, Indianapolis, Marion County, 23 August 1924 — Page 11
SATURDAY, AUG. 23, 1924
TRADE REVIEWS •DECLARE BASIC CONDITIONS GOOD Market Encounters Selling —Stocks Close Fractioally Lower, Average Stock Prices Average price of twenty Industrial stocks Friday was 103.59. off .94 Avvraye price of twenty rails was 90.10. off 83. Average price of forty bonds was 90.48. off .23. By J'n'ted Peres N'EW YORK, Aug. 23.—Weekly trade views express greater enthusiasm over business prospects than has characterized their summaries since late spring, declaring that basic conditions foreshadowed continued improvements. "Favorable outcome of the London conference on German reparations has added to the constructive forces in the situation and has further increased confidence. The trend in most of the major industries is toward a recovery in production, several months of sharp curtailment.” Vlt was this revival which the rise m stock prices since early June has been predicting. *o there was no occasion for surprise that a reaction should have set in on Friday with this prophecy fulfilled to such an ex tent. However, the conviction was strong in important Wall Street circles that this check was merely temporary. List Tone Improves Eagerness on the part of holdout bulls to replace lines proved an important steadying influence in the final hour Saturday morning and Improved tone Into the general list. American Can was in brisk demand below 134, while Cast Iron Pipe came back a point from the earlier low of 103*4. Considerable speculative interest was also attached to the present position of General Motors. Morgan brokers have been persistent buyers of this stock and the prediction was heard that preparations were being made to better its selling level before the new stock made its Initial bow on the exchange.
Selling Encountered The market encountered selling at the close, which carried Cast Iron Pipe. Baldwin and Davison Chemical a point lower. B. & O. headed the decline in the active rails. St. Paul preferred ran counter to the trend, finishing up 1% on strong buying. The market closed lower: U. S. Steel ICB off >: Baldwin 122 T i. off 1< Studebaker 38' j: Amern an Can 13-3 h . off _\ : Cast Iron Pine 102 S* off IV< GenHjtl Electric 265 \ up N ■ Davison WB r. -American ePte 5.5. off * : Mack B & O. 61 off 't : D AH. 125> 3 . off I l j : St. Paul pfd. 26K. up IS Foreign Exchange XEW YORK. Aug. 23.—Foreign exchange market closed weaker Saturday Stirling. S4 48 : \. off Ila o France. 6 -34**c. of? o.3Lire. 441 he. eff 00 5 t Belgian francs. 4 94Hc. off 03. Marka 2380 per tr-.r.'on. Russia. 5.10 c. Shanghai. 73 \. Yokohama 4138. Marriage Licenses William D. Harnson 25. lawyer. .318 Canterbury Apts . Keckard. 26. teacher, 209 Canterbury Apts. O. R Greathouse. 21. merchant. Middletown. Ohio: Mildred Fariee 25, 4421 Guilford Are. George Briley.-.32. 1217 Martlndale Ave.; Susie Johnson. 27. 62.3 X Senate Ave. Paul Durant. 18 tinner. 1605 Arrow; Marie Maples. 18 2142 Wheeler. Robert W Gr;er. 28. clerk. 3321 Ruckle; Dorothy Wiles. 25. 502 Highland Dr. Albert Campi. 24. tailor. 1042 S. Illinois: Clara Toledo. 22. tailor. 1146 S. Illinois. George A Long. 22 paper ruler. 1569 Shelby :Barbara Hensley. 23. teacher. 1226 Pleasar.t. Alvln Lake. 41. broker. Xew York City: Virginia Spring. 26. 4508 Broadway Eswarr. A Compton. 45. farmer Danville. Ind.. Lillian Bennett. 31. 530 Wiley Ave. tuy L. Farr. 32. Railway poeta! clerk. 1436 Montcalm; Emma Gisler. 30, 1141 W Eighteenth Raymond R Stewart. 24. teacher. 3023 Boulevard PI.; Mary Darter. 24. 3015 Boulevard PI. Donald Yaver. 28. salesman. 1257 Oliver Ave ; Dorothy Steinberg. 22, 2457 03 X. Ilim ol3. Births Boys James and Anna Powell. 129 E Palmer. Carl and Matilda Herner. 44 E. Raymond. '"M Chester and Anna Walker. 2330 College. ♦■Lee and Mollie Henderson. 510 Holly. and Wilhelmina Burton. 2061 Valley. Edgar and Bertha Morgan, 172 Bright. Albert and Elsie Slater. 929 W. TwentyEighth. Clyde and Freda Xorris. 2450 S. Dakota. Waiter and Golda Whita. 1229 Cottage. William and Mary Cavanaugh. 326 X. Addison. Kemp and Mabel Johnston. Methodist hospital. Roy and Beula Tracey. Methodist hospital. Ddward and Beula Palmer. Methodist h/Spital. Thomas and Mattie McCloud. 229 Detroit. tVilliam and Marjorie Hollet, city hospital. • Henry and Reda Gilbert, city hospital. Walter and lola Turpin, city hospital. Oscar and Lucille Brantlmger. 1136 S. Healing. Girls Harry and Lena Hoop. 2470 Mad ; son. Clarence and Mayms Bruning, 2025 W Vermont * Way man and Retta Byers. 2178 Bluff. William and Anna Collins. 907 Coe. George and Saviilia Claskey. 19 X. Blackford. Richard and Mabel oJnes. 2505 Sangster. Willis and Alberta Stamps. 719 X West. Herschel and Lillian Sparks. Methodist Hospital. William and Lillian Brown. 1517 Freemont. ' Herbert and Anna Lee. 411 W Xorth. John and Esther Xlekum. 1231 W. Ray. John and Cora Chandler 1328 College. Car land Maude Lantz 956 O’.in Isaac and Bessie Baton. 1145 X. West. Deaths Sarah Hose. 84. €l6B Oxford, arteriosclerosis. Lee Edmund Pratt. 41. Central Indiana hospital, general paresis. Adallne Peck Joy. 30. Methodist hospital. chronic parenchymatous nephritis. Ruth May Edwards. 2. 1922 Fletcher, •cute ileocolitis. Levina Fae Stevenson. 20. St. Vincent hospital, acute parenchymatous nephritis. Hannah Dillon. 46. St. Vincent hospital, lobar pneumonia. _ Grant Lightfoot, 29. 722 Darnell, pulmonary tuberculosis. George W Bauer, 53. 2630 Burton, of liver. Virgil Summons. 2 months. 1518 Olive, malnutrition. Elizabeth Smith. 70. Central Indiana hospital, chronic myocarditis. Mary Jane Weer. 1 hour. Methodist hospital asphyxiation. Rosa Froechauer, 68. 424 8. Xew Jersey. carcinoma. Charles William Stanfield. 70. cerebral hemorrhage. Obtrude Hardesty. 26. Methodist hospital dholyeystitis
New York Stocks j Railroads— Prev. High. Low. Close, close. Atchison ..104% 104 104 V* 104% B & 0... 62 ** ... 62 62 % C& O 84 Vs .. . 84 H 85 C & XW . 62 V* 61 Vs 01 % 62 C R & P 33 Vi Del & Lack.l34 133 134 133 % Erie 33% ... 33 2SVs Gt X pfd. . 65% 65% 65% 65 Vs Lehi Val 54 53% 53% 63% Mo Pao pfd 53 j 2 % 52% 53 X Y Cen. .108% ... 107% 107% NYNH&H. 25% 24% 25 24% Xor Pac .. 64% ... 64% 65% X&W .124 123% 123% 123% Pere Mar .59% 58% 59 81 Penn 45 ... 45 45 Vi Reading ..62% ... 61% 62% Southern Ry 68 % 67 % 68 68 % South Pac. 95% 95 % 95% 95% St. Paul pfd 27 % 25 % 20 ■* 25 % St L & SW 42% 41% 42% 42% Union Pac .144 143% 143% 144 Wabash pf 42% 42% 42% 42% Rubbers— Goodyear Df 58 % 58 58 % 58 Kelly-Springr 16% 10% 16% 10% U S Rubber 35% 35 Vi 35% 30 Equipments— Amer Loco. 81 ... 80 81 Vi Bald L0c0.124% 122% 122% 124 Gen Elec ...267*% 265 265% 265V* Pullman . . 129 % ... 128% 129% Westh Til.. 63 62 % 02 % 63 % Steels— Bethlehem. 45% 44% 45% 45% Colo Fuel.. 43% 42V* 43 42% Crucible ... Gulf States 74 73 % 74 74 % Rep I and S 47 45% 46 48% U S Steel .108% 107% 108 108% Motors— Chand Mot 48% 46% 47 48 Gen Mot.. 15% 15% 15% 15 Max Mot A 67 55% 57 55 Max Mot B 14% 14 14% 14% Mack Mot .101 99% 100 101 Stijflebaker. 38% ... 38 Vi 38% Stew-Warn. 52% ... 52% 52% Timken .. 34 % 34 34 34 % Mining*— Int Xickel 18% 18% 18% 18% Tex G & S 77% 77 Vi 77% 77% Coppers— Am Smelt.. 75 74 74% 75% Anaconda.. 39% 39% 39% 39% Kennecott... 40% 46 40% 46% U S Smelt 33 31 % 32 % 33 OH*— Cal Petrijl. 21 % ... 21 % 22 Cosden 27% 27% 27% 27% Houston Oil 71 69% 70% 09% Mariand Oil 32 31 % 32 31 % l’Am P.... 50% 55% 50 56% P A P ,B) 55 % ... 55 55 % Pacific Oil. 47 ... 47 47% Pro & Ref 28 ... 28 29 % Pure Oil, . 23% ... 23% 23 % S Oil of C.. 57% 57 57% 57% S Oil of X J 33% .. . 35% 35 Sinclair . 18% 17% 17% 17% Texas Cos.. 41% 41% 41% 41 Industrials— U'ed Chem 73% 73% 73% 73% Amer Can .134% 133 133% 134 Am Woolen 76 V* 75% 70 j 76% Coca-Cola . 77 70% 77 77% Congoleum . 49 % 4S % 49 VA 60 Cont Can. 58 57 % 58 58 % Davison Ch 46% 45 45 40 Fam Players 83 % 83% 83% 84% Int Paper.. 53% • 53% 53% 54% May Stores 97 % 97% 97 % ps Mont Ward. 34 % 33% 34% 34% Xat Lead .159% 158% 159% 100 CS C I P. 105% 103% 103% 104% U 8 In AI 73% 72% 73 73% Utilities— Am 1 Sc T. 127% 127% 127% I°7 Con Gas .. 71% 70% 70% 71% Col Gas .. 39% 39% 39% 40% Shipping— Am In Cor 28% 27% 27% "8 In M M pfd 41% 40% 40% 41 Foods— Am Sugar .45 %T 4.5 % 45% 4.5% Com Prod „ .34 % 33 % 34 33 % CCS pfd. 03% 62% 03% 63% C-A Sus 32 32 Tobacco*— Tob'Prod B. 65% 65 65% 64% SHARP DECLINES IN GRAIN TRADE
Wheat Leads Downturn— Drastic Liquidation, hy T'nited Press CHICAGO. Aug. 23.—Grain futures finished sharply lower, wheat leading in the downturn. Drastic liquidation by leading commission houses sent wheat into a sinking spel! at the opening from which it was unable to recover, despite spirited buying by cash interests. Influential holders reducedj lines on improved crop and weather news. Better weather and lack of buying ! power, in wheat sent corn down. A , good cash demand however, served j to hold prices in check. Oats suffered losses with other grains and at the close ruled at the I lowest point in several weeks. Provisions was lower. Chicago Grain Table —Aug. 23 W HEAT— Prpr Open High. Lew. Close clo*e Sept 1 25 1 25 '* 1 .22 % 1 23 1 25 % Dee 130% 1.30% 1.26% 1 28 1 30% May 135% 1.35% 1.32% 1.33% 136% CORN— Sept 114 1.15 1 11% 1 13 ’4 1 14 % Dec.- 1.07 % 1.08 1 04 1.05% 108% ; May 1.08% 1,09 1.04% 106% 1.10 OATS— Sept 50 60 47 47 % 50 i Dec. 53 53 50% 50% 53% May 56% 50% 63% 54% 56% LARD— Sept 13 45 13.45 12 92 13 05 13 47 RIBS— Sept Nominal 11.60 11.80 RYE— Sept 87 87% 84% 85% 87% Dec. 92 92 % 89 % 90 92 % May 97% 97% 94% 95 98 CHICAGO. Aug. 23 —Carlot receipt* were: Wheat. 403; oata. 220: corn. 66; rye. 7: barley, 28. Cash Grain Saturday * receipts. 107 ear*. Price* quoted 41 %c t. o b. basis to New York, j hay on track. Indianapolis bids for grain at the Indianapolis Board of Trade were: Wheat—Easier; No. 2 red. $1.23® 1 24: ; No. 2 hard. $1.17® 1.19. Corn—Easier; i No. 2 white. $1.07® 1.10; No. 3 white, jsl 07® 1 09: No. 2 yellow $1.11@113: [ No. 3 yellow, 51.09Q1.12: No. 2 mixed, isl 07g 1 09; No. 3 mixed. [email protected]. Oats—Easier: No. 2 white. 43®44c: No. ; 3 white. 42 % @43% c. Hay—Steady; No 1 timothy. sl6® 16.50; No. 1 light clover mixed. sls 50 @l6: No. 1 clover mixed. [email protected]: No 1 clover hay. sl4 50® 15. —lnspections—- ; Wheat—No. 2 red. 5 cars: No. 3 red. 2 ; cars; No. 4 red. 4 cars: No. 4 mixed, 1 car: sample. 2 cars: total. 14 cars Corn —No. 2 white. 3 cars; No. 3 white. 10 j cars: No. 4 white. 2 cars: No. 2 yellow. 2 cars: No. 3 yellow. 3 cars: No. 4 yellow. 3 cars: No. 6 yelipw. 1 car sample yellow. 2 cars: No. 2 mixed. 2 cars: No. 3 mixed. 2 cars: No. 0 mixed. 1 car: sample mixed. 1 car: sample, l cars: total. 14 cars. Corn —No. 2 white. 3 cars; No 3 white. 10 cars: No. 4 white. 2 cars: No. 2 yellow. 2 cars: No. 3 yellow. 3 care: No. 4 yellow. 3 car*: No. 0 yellow. 1 car: sample yellow, 2 cars: No. 2 mixed. 2 cars: No. 3 mixed. 2 cars: No. 6 mixed. 1 car: sample mixed. 1 var: total. 32 care. Gate—No. 2 white. 22 cars; No. 3 white. 27 cars: No. 4 white. 4 cars; sample white. 2 cars; No. 2 mixed, 1 car: sample mixed. 1 car: total. 57 cars. Rye— No. 3. 2 cars: sample. 2 cars: total. 4 cars. CHICAGO* Aug. 23.—Wheat—No. 3 red. $1.27 %® 1 2F; No. 2 hard. $1.23@ 1.24%: No. 3. $1.23(31.24%. Corn—No. 2 yellow. $1.16% @1.17% ; No. 3. $1.16: No. 2 mixed. $1.15: No. 5. $1.12: No. 2 white. 51.15® 1.15% ; No. 6. sll3. Oats—No. 3 white. 45%@40%e: No 4. 41c; standards. 37%@400. Barley—B3® 88c. Rye—No. 1. 87 %c. Timothy—s6.7s @7.75. Clover—sll.so @12.15. TOLEDO. Aug. 23.—Wheat—$1.26® 1.27% Corn—No 2. $1.23® 1.24: No. 3. $1.22® 1.23. Rye—9lc. Oats—No. 2. 53 @s4e; No 3. 52@53c. Barley—-90c. Cloverseed—sl2.oo: October. $13.60: December. sl3: March. sl3. Timothy—s3.oo: September. $3.70 October. $3.60. Cctob-r, $3.56. Alsike—slo.lo: August, $11.10: October. $lO 80: December, Sil: March. sll.lO. Butter—ll® 42c. Eggs in m tin H**. Kin -
HOGS STEADY TO 10 CENTS HIGHER Price Range, $10,15 to slo,2s—Receipts Light, —Hoy Prices Day by Day— Auer. Bulk Top Receipts 10. 10.25 10.35 6,000 IS. 10 15 10.15 6" 500 19. 10.35 10.40 7,000 20. 10.35 10.40 8,000 21 10.20 10.25 10.000 22. 10.15 10 20 11,000 23. 10.20 @10.25 10.25 4.000 With 4,000 fresh and 3,457 holdovers, hog prices, contrary to predictions, advanced 10 cents at the local yards Saturday. Heavyweights were least in demand at [email protected]. Pigs and sows were steady. Medium mixed lots, the bulk of good hogs and lightweights, brought $10.20 to $10.25. The top was $10.25. Unofficial receipts for the week were 46.50. Truing during the week has fluctuated from $10.15 on Monday to $10.35 on Wednesday. A decline followed on Thursday, when 10,000 porkers were received. A further decline to $10.15 was made on Friday, when 11.000 hogs were offered. The market has displayed a strong undertone. Receipts last week were 44.172; two weeks ago, 45,377. For the month, to date, 146.353. For thfc year, to date, 1,790.575. Nothing was done in the cattle mart. Fewer than 200 were In the pens. The recognized steer top for the week has been $10.75. Heifer top. $9.50, and cow top. $6. Occasional bursts of strength throughout the week kept average prices up. but as a whole trading has been on a c rathgr weak basis. Receipts have been about normal. Calf trading was at prices steady with Friday. Urged on, by shortages. the market has been exceptionally strong during the week. The average top for veals was $12.50. All good veals moved easily at sl2. Shipping orders have been the main stayr although local packers took their share of the receipts. Large receipts have characterized trading in sheep and lambs. Practically no changes were made dur ing the week. Choice lambs have generally brought sl3. A few on Friday sold as high ns $13.50, but this was an exception rather than the rule, hheep have sold steadily In a range of 33 to $6. —Hog*— Choice liylils 810 204110 36 Light mixed 10 204110 25 Medium mixed . 10.20 4110 25 Light lights 9 25@10 25 Heavyweights . . 10 1 5 4110.20 Pigs o.oo® 9 25 Sows 8.25® 8 75 —Cattle— Steers 1.240 lbs. up choice.slo 00® 10 60 Fair lo good 0 50® 19 00 Steers 1,000 to 1.200 lbs.. choice 10 00® 10 00 Fair to pood 9.50® 10 00 Choice heifers .. .. 9 00% 9.50 Common t,, fair heifers .... 500 @ 750 Bahv beef heifers p 36® 10 00 Medium to common cows . . 3 50® 450 Choice . 600 4, 700 Canners 2 75® .TOO Choice lipht bulls 4 004i 4 0 Choice heavy bulls 3 50® 4.50 Choice reals sl2 00 Good veaJ* . ...... 10 50@ll 00 Common heavies 7 00® 900 Bulk of sates [email protected] 1 —Sheep and Lemlm— Choice lambs sl3 00 Heavy lambs 11 00 4*12 00 Cull lambs 6 00® 6 75 Good to choice ewe* 3.50® 6 00
Other Live Stock CHICAGO. Aug 23.—Hog*—Recejpl* r ‘ ' ' market LO® 20c "fl top. $lO 19 bulk. $8 SO® 9 90. havyweight. $9.50® 10 medium. $9.75® 10 10 light*. $8 90® 10 10 light lights. $8.25 @9 90: heavy packing smooth $8 [email protected]: packing sow*, rough. $7 90@8 50: killtn* pigs $8 @9 Cattle—Receipts. 1 500 market compared w eck ago fed steer* very uneven, two-way market, prime heavy ste-r* and other weighty kind* 25 @ 75c off: miajty 50@75c off spot* more; advance m- eearlings and better grade handy weight steer* nearly equal to decline on heavies: wstern grasscr* 25@400 off fat she. stock 25®50c up vearling heife-s more bull* 25c up vealers mostly $1.50 up: early lop vearlnig* and handywetght bulls. 75c up early top yearlings and handyw eight fed steers $11.25: best heavies. $11.15; bulk priees fed steers and year'mgs. $8 25® 10 50. rangers s7® 7 73: Stockers and feedr $5 23® 7: cows $3 75 @0: heifer* $5 75@8 25 cann*-r* and ■utters $2 25®3.40: vea! calves sl2® 13. Sheep—Receipts. 1 000: market, today's market weak to lower; good to choice native iambs. sl3® 1.1 50 nulls $9 50; for week around 7.790 direct; 149 ■ar* feed lot compare,! last week fat lambs 25 @ 50c up sheep 75, ®sl off Feeding lamps steady: week s top range lambs. $14.35: natives $142.5: ewes. $7.50; fat lamb*. sl3 25: weeks prices Range lambs. sl4® 14.25: native* $18.75® 14. ewes [email protected]; feeding lambs $12.75® 13. PITTSBURGH. Aug. 23.—Cattle—Receipts light: market, steadv; choice, $9 05 @lO 35; good. $7 85 @9 50 fair. $0.50@ 8 veal calves. $13.75@ 14.25. Sheep and lambs—Rn-eipts light; market steady, prime wethers s7so® 8; good. $0.50@7; fair mixed. ss® 6; tamos. sß® 14. Hogs Receipts 10 double deckers: market, steady; prime heavy. $16.00® 10.70: medium. $10.85® 10.85; heavy Yorkers. slo.Bo® 10 85; light Yorkers. $9.75® 10; pigs. $0.::O® 9 sh: roughs. $7.50@ 8 50: stairs, $4 @7.50. TOLEDO. Aug. 23.—Hog—Receipts. 700: market 15® 25c lows*; ,*,eavic*. $lO @10.25; medium. $10.25® 10.33: Yorkers. $10.40 @ 10.55: good pigs. s9® 0 15. Calves—Market, steady. Sheep and lambs —Market, steady. EAST BUFFALO. Aug. 23.—Cattle— Receipt*. CoO: market. slow steady; Shipping steers. $8.50® 11; butcher grades. $7 50® 9: cows. [email protected]. Calves—Receipts. 175; market, active; cull to choice. $35@130 Sheep and lambs—Receipts, 400: market, active; lambs. 25c lower; choice lambs. sl4 @14.50; cull to f air. SB,V)@ 13.50: yearlings, $7@U; sheep. s3@9. Hogs—Receipts. 4.000; market, slow, 10c lower: yorkers. 89 75® 10 75; pigs $9.50® 9.75; mixed $10.65 @ 10.75: heavies [email protected]; rouglis, $8 @8.50: stags. $4.50 @5.50. CLEVELAND. Aug. 23.—Hogs—Receipts. 2.000: market. 15 @ 25c lower; yorkers. $1025, mixed, $10.25; medium'. $10.35: pigs, $9.25: roughs $8: stags, $5.50. Cattle—Receipts. 400; market, slow unchanged. Sheep and lambs—Receipts, 300: market. 50c lower; top, sl4. Calve*—Receipts. 300: market. 50c lower; top. sl2. New York Curb Market Cities Service 144 @144% Dubiliers 48 @ 48 % Ford (Canada) @455 Goodyear com 12 @ 12% Gulf Oil 58 %@ 59 Indiana Pipe 90 @99 Mutual Oil . V 10% @ 10% Ohio Oil 58 % @ 59 Prairie Pipe 105% @lO6 Prairie Oil and Gas 207 @207% Royal Canadian 0 (a; 6% Stutz e. .. 6 @ 0% Salt Creek 23 V* @ 23 % Standard Oil. Indiana 60 % @ 50 % Standard Oil. Kansas 34 %@ 34 % Standard Oil, Ky 110 @lll Standard Oil. N. Y 38% @ 39% Vacuum Oil 64% @ 65 New York Liberty Bonds —Aug. 23 Prev High. Low. Close. close. L B 3%... 100.27 100.25 100 27 100 26 L B Ist 4% .102 101.29 102 102 5 L B2d 4%. 101.1 100.30 101 1 101 4 L B 3d 4%.102 2 102 102 2 102 2 LB 4th 4%. 102 101.29 102 102.5 New Govt 105 105 3 Hay Market 1 Prices Wagon load lot prices hay and grain at Indianapolis are as follows: Timothy—sl9@2l a ton. new $4 less: mixed. sls@l6’ baled. sls @lO Corn—s 7 15® 120 a 'pushel. O f -.— 55 @ 60c a bushel new. 50® 52c. Su|. w—Wheat. $8 '■'.l' |
THE INDIANAPOLIS TIMES
lowa Girl Chosen Secretary
2 ’’f' v v'l ' 1 :■<: • :: :f * W€A^ -V ~/• ; . -:-r; ,W^
MISS MARION S. HECKMAN OF DES MOINES. IA„ WAS CHOSEN NATIONAL SECRETARY OF THE GRAND ARMY OF THE REPUBLIC AT THE ENCAMPMENT HELD IN BOSTON, MASS.
ENCOURAGING REPORTS FROM LUMBER MARKET Western Pine Products 108 Per Cent of NorinaJ; Others Better. By Time* Special CHICAGO, Aug. 23.—Encouraging reports regariling the position of the lumber Industry continue to- come from ay producing sections, accord ing to the American Lumberman. Southern pine statistics show that hookings continue to exceed production by a big margin. Douglas fir mills are taking a firm attitude toward the market. Demand has developed satisfactorily during the last several weeks and is well ahead of output. The Western Pin" Manufacturers' Association report orders for inland empire forest products have leaped 108 per cent of normal. The hard wood trade *s described as satisfactory and improving. Produce Markets Fresh epsrs loss off 29c: packing stock butter. 23'-: fowl* 4% lbs up. 20c; fowls under 4% lbs. 17c; cocks lie. springers. 1924, 2-lb sire. 27c; young torn turkeys 12 lbs up. 25c; young hen turkeys. 8 lb* up 25c; old tom turkeys 19c; ducks 4 lhs up. 12c: spring ducks 4 lbs. up. 15c; geoae. 10 ib up. 11c, squibs. 11 lbs. to dozen, $3 75. CLEVELAND. Aug 23. —Heavy fowls 2728 c: light. lA@2lc: heavy broi.ers. 30® 32c; light broiler* 264128 c roos ers. 14 @ 15c ducks 20% 24c Butter—Extra m tubs 41 fit 42c; extra firsts. 39@ 40c: firsts 3738 c. packing stock. 25627 c; standard. 3P@4o*' Eggs—Fresh gathered northern extras. 39c- extra firsts. 36c: Ohoi firsts 34c western firsts, 33c. Potatoes, — Supply liberal market lower; Virginia cobblers branded $2.05® 275 New Jersey and Kentucky cobblers $2,60 per 150 pounds CHICAGO, Aug. 23.—Cheese —-Twin?, 19%c; Americas 20 %c. Poultry—Re ceipts 2 ears fowls. 17® 25c: ducks. 2<V geese 11 springs 18c; springs 23c: tur keys. 20c: roosters I.V Potatoes —Receipts 258 cars; Kansas cobblers. $1.15@ 1 .30. Missouri cobblers $1 4i 120 Minn<“sola early Ohirts. $1 10® 120: Nebraska coblers. $1.25® 1.40. „ NEW YORK Aug 23—Flour—Dull: easy Pork —Easy mess. $29.50® 79 75. Lard—Easier midwest spot. $4 tlo® 14 25 Sugar—Raw. quiet. centrifugal.! 96 test. 5.33 c; refined, quiet; granulated. 0 80% 7c. Coffee—Rto spot, 10%c: Santos No. 4. 214i21 %c Tallow—Quiet special to extra B%® B T * Hay—Firm I No 1 $1.60® 1.00: No 3 $1.15® 125 Dressed poultry—Quiet turkeys. 30® 32c chickens 35® 45c: fowls. 16®31c; ducks, j 24c; Ducks. Long Island. 23c. Live poul- | try—Steady; geese. 12® 17c; ducks 15® I 26c; fowls 20®27c: turkeys 22® 30c. roosters. 17c. broilers. 27®,32c. Cheese —Weak: State whole milk, common to specials. 15® 21c; State skims, choice to specials. U<ttl2e: lower grades. 4® 10c. Building Permits O D Ferger. addition. 647 Fairfield. $2,500 A E Garland, remodel. 3354 N. Capitol. SBOO. Edward A. Lawson, dwelling. 3374 Fall Creek Parkway, $15,700. Edward A. Lawson, furnace. 3374 Fall Creek Parkway. S3OO. Board of school commissioners, repairs. 651 S. Meridian $200,000 Ella Rcsberger. garage. 4226 Royal. S3OO. * - * James C. Fulter. furnace. 1047 N. Hamilton. $250 G H Olor. garage. 1121 E. ThirtyFifth. SSOO. John C. Wallace, furnace, 360 Bolton. $250 John C. Wallace, dwelling, 350 Bolton. $0 000. Max Newbar. remodel. 1327 English. S6OO. C. B. McDaniel, furnace. 154 Douglae. S2OO. M. B. Myers, remodel, 109 N. Arsenal, S2OO. C I. &L> Railway Company elevators. N New Jersey and Pearl. $47,000. Gorrge Schieck. double. 1813 Ingram. $3,500. Brown A- Dunlap, dwelling. 53 Ridgeview. $4 000. Chicago Stocks (By Thomson & McKinnon) —Aug. 23 Open. High. Low, Cloee. Arm pfd IP 81% 81% 81% 81% Armour Lea 4 ... ... ... Cudahy ... 64 % ... ... ... Cont Mot.. 7% 7% 7% 7% Com Edisn.l3l% ... ... ... Lib Me new 5 % ... ... ... Mont -Ward. 34% 34% 33% 34% Baesiek .... 32 ... ... ... Reo Mot.. 16% 10% 16% 16% Swift & Cos. 106 106% 106 106% Swift Inti.. 25% 25% 25 25 Stew War.. 63% 53% 52% 53 Si’k 40% 40% 4040% Wrigley ... 41 % 41 % 41 41 % Yellow Taxi 47 ... ... ... Mid-West.. 59 59% 58% 59% U T com. . 59 59 % 68 % 59 % New York Cotton Futures —Aug. 23 Open. High. Low. Close. January .. . 25.35 25.35 25.15 25.18 March .... 25.58 25.00 25 45 25.50 May 25.75 25.75 25.00 25.00 October .... 25.70 25.75 25.32 25.32 December .. 25.66 25.30 25.07 25.15 Local Bank Clearings Indianapolis bank clearings Saturday were $2,868,000. For the- week. $lB,101 000. Bank debits amounted to $5,155,000. For the week. $33,241,000. Local Wagon Wheat Local grain elevators are pasting $1.22 for No 2 red wheat in wagon load '.ole. Oth'-r* pri-d S'—o-dlngly
VANDALS CAUSE 15,000 DAMAGE (Continued From Page 1) til after the acts of vandalism have been committed before notifying authorities "I have been informed three weeks before the destruction of property at the Elks Club, one of the con tractors was told doors at the building never would be hung,” Remy said. "The contractor said nothing at the time to the police, owners of the property or this office, so I am informed. Had he done so the police would have been warned and might have apprehended the persons responsible for the destruction of property. T also have heard that other contractors have been threatened >n advance of acts of vandalism, but said nothing about them at the time. "Many organizations find individuals already have announced theit desire t° assist in the investigation. want them to know we nppre ciate th<-se offers and hope every individuals who possess any information, however slight, will communicate with this office at once." Further condemnation of vandalism recently committed at the new Elks building where damage estimated at SIO,OOO was done, was expressed today in a telegram received from officers of the International Association of Bridge, Structural and Ornamental Iron Workers' Union, with headquarters at St. I-ouis, Mo. It was signed hv P. J. Mnrrin, general president, and Harry Jones, general secretary-treasurer. Action of the International officers of the iron workers' union follows refusal of John J. McNamrra, secretary and business agent of the local iron workers' union, to unite with agents of other building crafts in signing a resolution condemning acts of violence over inter-union disputes. Although no mention was made of McNamara’s refusal to sign St is likely the international officers are familiar with thX situation since they admit they have read the resolution. Internal lethal officers said such despicable acts only serve to blacken the names of honest labor and honest union men and organizations. They said they would co-operate to the fullest extent, to see that Justice is done regardless to whom it may effect. Labor unions indicated they would swell the reward fund at their meeting Saturday. The Dahlstrom Metallic Door Company, Jamestown, N. Y., has offered SI,OOO and the Bricklayers and Masons local, SIOO. The Indianapolis Building Contractors' Association is also understood to have called a meeting. CAR PRODUCTION HIGHER 10 Per Cent Increase Over .July; New Models Sept. 1. By Times Special NEW YORK. Aug. 23. August production of motor cars promises to exceed Ju,ly by about 10 per cent bringing the total around 250.000. Demand is considerably better in farm districts, where good crops have been harvested, but it has shown little Improvement over the past two months in Industrial sections. Practically all the new models which will be introduced before Jan. 1 will be out by Sept. 1. Two of the larger producers will announce their innovations in another week. Operation in parts and accessory plants are following the pace set by car builders and their volume is considerably larger than it has been for some time. —Motor. Tank Wagon Prices (Gasoline prices do not Include State tax of 2e a gallon.) GASOLINE—-Enorare*. 20c per gallon: Purol. 16.2 c; Red Crown. 16.2 c: Diamond, 16.2 c: Silver Flash, 20c; Standollrid aviation, 23 2c. KEROSENE —Crystaltne. 11.7 c a gallon; MoOre Light, 14.5 c: relite. 11.7 c; Perfection. 11.7 c: Solvent. 354. NAPTHA—Lion Power Cleaners. 22 6o a gallon; V. M. & P., 22.5 c: Standolind cleaners. 23.5 c. Why Buy Stamps? Thieves broke into the office of the Hardesty Manufacturing Company. 219 IV. Vermont St., Friday night and took SBO in stamp® from the safe, according to report to police today.
DARROW’S PLEA . BRINGS TEARS (Continued From Page 1) the harsh language from the State’s attorney’s, but twisting the turn of events into such a form that the very brutality of the crime seemed in itself a defense. "Can you tell me, your honor, how to explain this case unless we admit their own minds were unsound,” he said “Had it not been for the wealth of their families the weirdness of the crime, and the notoriety which was given this case, these boys would have been taken to a psychopathic hospital and treated as unfortunate youths. "Why does the State's attorney come before this court and demand the last pound of their flesh, the last drop of their blood? Simply because their parents are wealthy.” ©arrow emphasized the boys’ driving with their victim through the crowded streets where the slightest chance of mishap might have caused detection. "And they slaughtered this child for what? Just like the mad acts of the fool in King Lear; it only compares with that. The doctors swear that this was a sane act. They know better. "There is not a sane thing about it from beginning to end," Darrow shouted. "From its inception in the diseased minds of the boys to the present, when they are sitting here awaiting their doom, there was not a sane act." Leopold and Loeb sat rigidly in their chairs. Leopold rested his head in his hand, staring coldly at the floor. Loeb, more composed than Friday, did not take his eyes from Darrow. Darrow glanced several times at the boys, wiggled his fingers, gripped his suspenders with one hand, forced the other deep into the pockets or his baggy trousers, and went on. "Sometimes I think I am dreaming,” he said in a quiet voice, "when I see how the Instincts of hate and revenge and lust of the blood of a savage race has been transplanted into Chicago in this first quarter of the twentieth century.” Pictures Hanging “T ran picture these weak, irresponsibly. diseased boys put in a cell checking off the minutes, the hours, the days, until they are taken out to be hanged. What a glorious day that will be! "I can lecture them awakened in the cold grey light of morning, dressed in suits of clothes provided by the State, led to the scaffold, with a black cap on their heads, placed on the trap door, with someone pressing a spring, the trap falling under them and the bodies dangling at the end of the rope. "This should bring satisfaction to some people. This should satisfy civilization. This should satisfy righteous indignation, and I know nothing crueller than righteous indignatltm. "If you can weigh all the facts in tikis case and mete out justice to these boys, as Justice should be meted out, you are wise indeed, your honor."
Darrow leaned far across the bench, pausinijir in his speech as he looked into the eyes of Justice Caverly. Then he shifted hack and resumed, “but if this court has wisdom, so it haa mercy.” "We come to you, your honor, askinp. pleadinp that these boys may be spared from death and allowed to spend the rest of their lives behind the cold, gray walls of a penitentiary. "Where is the tender heart that wouldn't he satisfied with that. And still they cry for a hanging. The hungry mob crlee for vengeance. It isn’t a human emotion. It comes from the heart of the beast fron* which we came Darrow declared that mercy is no new thing to courts of law. He said that thousands of cases of felonies, including murder, had been reduced willingly by the prosecutors to give defendants "a chance to see the light of day." , But the State is trying so hard to hang Richard and Nathan because "people are reading and talking about it and because of their money.” Asks Only .Justice "We are asking Justice." Darrow said. 'Tf you knowfwhat it Is; if any one knows what it is. If you can look into their hearts, into th&ir minds and into their souls and administer Justice, with It would be mercy, and with the mercy we are asking we will he satisfied." Referring to demand of Assistant State's Attorney Savage for death for the boys to serve notice on others who might contemplate murder, the defense attorney said: "I im fairly familiar with the literature on this subject. There have been burnings at the stake, boijing in oil and every other kind of punishment. In olden days, pickpockets were hanged on a high hill, so that the crowds might see the example, and more pockets were picked in the crowds that went to see the hangings than ex-er before. "Murder by the State cannot stop murder by the Individual. , “I know and your honor knows, that since punishment for crime has been made less horrible, the number of crimes has diminished." Striking a dramattic poise, his arms upraised, Darrow, looking deep into Justice Caverly’s eyes, said: "Need I argue that cruelty only makes cruelty, that hatred causes hatred. You can't' kill evil and hatred and all that goes with it. Can't people understand that charity and love and understanding is the only way to go about it? How often must the people be told this? "This is a Christian community—-so-called—and yet it cries for blood. Has there ever been a religion or an honest philosopher that has not preached the doctrine of mercy?” Man without emotion. Darrow said, Is not a man. Intellect is nothing compared with emotion. Without emotion man may do most anything, including crime. The \defense attorney then attempted to show that his clients were lacking in all emotion. He held that the State's own alienists admitted Leopold and Loeb could re-
cite the grewsome details of the crime withouPa flutter of emotion. Can They Be Blamed? "Can we blame Dickie Loth,” he shouted, "because the infinite things that inspired to make him left him without emotion?” Darrow made another bitter attack on Dr. Krohn, -when he pointed out that both Dr. Church and Dr. Patrick. State’s alienists, admitted they conducted their examinations of Leopold and Loeb under very unsatisfactory conditions. ‘But her comes Dr. Krohn, who says, ‘yes, the conditions were fine.’ "Dr. Krohn isn’t a doctor. For sixteen years he has been using his medical degree going up and down the land entering courts and peddling expert perjury. "I can remember how, as a small boy, I liked watermelon. I remember how we boys used to dig into a slice of watermelon up to our ears. And when I saw Dr. Krohn on the witness stand, I could actually see the water dripping from his mquth as he sucked with apparent delight the life blood of these two boys.” Darrow wound up his remarks for today, with the statement that a physician practices the most holy profession, that of saving lives, while Dr. Krohn practices his profession for cash. Court adjourned at 11:55 a., m., until 10:30 Monday when Dartow will resume his argument. ' Fear for Loeb Members of the Loeb family expressed fear that "Dickie" Loeb would collapse as the enormity of his crime is Impressed upon him by the plea of Darrow. Richard Loeb, the boy who killed Robert Franks for "a thrill" and a "new experience,” has found the ’’big thrill” be was seeking in the masterly plea of the defense attorney, they said. This fear was voiced by members of the family who saw Richard weep Friday as Darrow argued for Judge John R. Caverly to have mercy on "Dickie” and on Nathan Leopold, his companion in crime. There was a marked change In Richard's behavior. He smiled and chatted lightly during the presentation of testimony. He faltered a bit under the terrific denunciation of the uvo assistant State's attorneys who summed up the State's "perfect hanging" case. But Dickie, the emotionless, the boy without feelings, has been awakened. For the first hour of Darrow’s moving address, Dickie listened attentively, admiringly, but without emotion. Calm Crumbles Then his calm gave way and crumbled entirely as Darrow said the hanging of the boys would be a throw-back to the "cruel, dark days of the bloody past." When the attorney mentioned his mother, Dickie seemed about to fainf. As Darrow paced back and forth in front of Caverly, he frequently passed Richard's chair. The youth's eyes were fixed on him with a fascinated stare. Dr. Janies Whitney Hail, chief alienist for the defense, sat a short distance from Richard, watching him closely. The lioya.' jaws were set hard as he struggled to hold back the tears, which welled out despite his efforts and made little furrows on his smooth, handsome face. Once Dr. Hall started forward as Richard slumped down and seined about to collapse. With a migh y effort the youth recovered. For the halanoe of the afternoon he sat as if hypnotized, his dark eyes wide ope.?, tears trickling slowly down his cheeks. Loeh’s brothers and uncle, who are in daily attendance in the court —his parents are both ill at their summer home at Charlevoix. Mich.— have heen warned that if the youth ever comes to a full realization of his crime he will suffer a mental l reak-ilown. Dr. Hall has been asked to watch him closely for that reason. Dr. Hall also has been delegated io keep a professional eye on Darrow. It is feared the brilliant defense lawyer may collapse from the nervous strain, and Dr. Hall said he not permit Darrow to speak for more than an hour at a time without rest.
Leopold Stronger Leopold has a much stronger grip on himself than Loeb and while he is more serious than at any time since the hearing started a month ago, he has shown no evidence of erhotion such as shook his companion Friday. Darrow expects to take up part rs Monday's session. When he concludes State's Attorney Crowe will close for the State. He is expected to take a day. which would plafe the case in Justice Caveriy's hands by Tuesday afternoon. MRS. DOUGLAS, IS DEAD Mother of Commissioner Succumbs at Home in Shelbyrill©. Mrs. Aseneth Douglas, (72, mother of Maurice Douglas, member of the public service commission, is dead at her home in Shelbyville, Ind. Douglas was at his mother's bedside when the end came. She W'as born and reared in Shelby County and lived there all her life. Besides the husband, John D. Douglas, and the son, another son, Bernard Douglas of Shelbyville, and one sister, Mrs. Sarah Phillipi of Shelby County, survive. Two Ask Bankruptcy Charles W. Maxwell, farmer, near Wabash, Ind., and Roy C. MoKennan. Connersvllle, Ind.. today filed voluntary petitions in bankruptcy in Federal Court. Maxwell's assets, were $49 and his debts, $5,393.58 McKennan’s debts were $52,764.13 and his assets $3,850.
710/ with The 7% Cumulative Prior Lieu / Safety stock of this Company is a sound TAJC investment, based upon the sta- • jc/f jerf? bility, growth and prosperity of •the 100 or more communities FNPER state served with Electricity, Gas or 8 * LRV xsiOßf '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 payment* Interstate Public Service Company Room 714 Wild Bldg. Indianapolis* Ind.
CGOLIDDE WILL REPLY TO KLAN DAREjF DAVIS Democratic Bombshell Disturbs Peace of Vermont Village. By United Press PLYMOUTH. Vermont, Aug. 23. President Coolidge will reply to challenge of John W. Davis, his Democratic opponent, to join in a public condemnation of the Ku-Klux Klan and thereby remove that subject from political debate this year. Whether Mr. Coolidge ■will accept the challenge and join with Davis and Senator La Follette, who previously had condemned the Klan and ruled It out of the field of campaign Issues, or whether the President will hold that It is not an issue and therefore requires no further utterance beyond the. ones he made in his acceptance speech, none of his advisers could say today. This appeared evident today when C. Bascom Slemp the President's secretary prepared for exchange of messages with party leaders regarding the manner in which the reply should be made. Whether a decision will be reached while the President is still on his vacation or whether the pronouncement will await his return to Washington is not yet known.
Bombshell Effect Davis’ challenge dropped into the quiet of the village here with something akin to bombshell effect Friday night. Secretary Slemp, togteher with newspapermen, motored from Woodstock to Cojonel Coolidge’s i home and caught the President Just as he was retlrL. r. Mr. Coolidge j read the word of the challenge by i the light of a lamp In the parlor and ! then decided to make no statement until he had a full copy of the Davis j speech. Because the Klan issue had nearly ■wrecked the Democratic convention 1 in New York. Republican leaders had 1 not thought Davis would revive It, and they. In turn, were not anxious to raise the issue within their own ranks. Hence they agree any reply calls for very cautious treatment and the wisest counsel. Reception Today Davis' political interruption of the placid routine of the President’s va- ! cation came on the eve of Plymouth's biggest day for its favorite son. , This is the day of the President's reception to his fellow townsmen and neighboring Vermonters and from miles around the folks were creeping in early, dressed in their best. Twenty thousand people are exI peeted at the demonstration of the I President's popularity among his 1 own mountain people. The roads ! for twenty miles in all directions are patrolled by motor police and marked i "one-way traffic.” Sunday the Coolidge's will spend the day quietly, attending church as ' usual. SPEEDERS SLACK UP Police Slate Only Four Persons in Overnight Haul. Speeding continued on the wane during the night police slates show today with only four persons arrested on speeding charges. Dan Brosnan, 27, of 1135 Oliver Ave., arrested by Sheriff George Snider on a speeding charge was slated for having no certificate of title. Others arrested on speeding charges: Lyman Baker, 24, R. R. F., Box 112: H.vmie Hollowitz, 23, of 626 S. Meridian St.. L. A. Corey, 29, of 836 N. Jefferson Ave. DOUBLE AUTO ACCIDENT Two in Hospital When Glaring lights Cause Accident. Gustave Schiller, 3738 Parker Ave., and Miss Sailfe Cathlngham, 3128 Macpherson Ave.. are at city hospital today with Injuries received in a double auto accident Friday night caused by glaring lights. Schilier and John Murray, 2401 E. Thirty-Eighth St-, were riding together followed by another car driven by Wilbur Chapman, 4568 E. Eighteenth St., with Miss Cathingham. Glaring lights of a passing car. police were told, caused the Murray car to go into the ditch, and collide with the Chapman machine. Car with the bright' lights did not stop. CHARGES ARE NUMEROUS Police Slate Youth for Six Offenses, Companion Held. Police got writers cramp today preferring charges against James Braxton, 21, of 4553 W. Washington St., arrested Friday night. Charges vwere drunkenness, blind tiger, operating auto while drunk, driving left side of the street, failure to have certificate of title, and no lights. - Police said they found a small q.uanity. of liquor in the car. Ralph Rowell, 24 of 119 E. Pratt St., who was in the car, was charged with vagrancy. Neighbor Charges Theft Clotel Carter, 28, colored, 856 Pratt St., was arrested on a grand larceny charge today, following allegations made by Will Wakefield, next door neighbor, that she had taken SIOO worth of furniture from his home.
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