Indianapolis Times, Volume 36, Number 212, Indianapolis, Marion County, 14 January 1925 — Page 11

WEDNESDAY, JAN. 14, 1925

- • '■ INDUSTRIALS MOVE BRISKLY AHEAD

Gets Stimulus From ™ Increased Steel Operations, Average Stock Prices Average price of twenty Industrial stocks Tuesday was 123.66. up .35. Average price of twenty rails was 100.63. up .06. By United Prett NEW YORK. Jan. < JL4.—Having attained a further record high at Tuesday’s close, Industrial stocks continued to move briskly ahead in early dealings today. They were stimulated by announcement that operations of U. S. Steel Corporation increased to 92 per oent. This additional chapter in the story of one of the most amazing expansions in \history of the steel trade strengthened ithe belief general business was on the threshold of similar acceleration. This outlook created a fresh demand for representative issues and the whole market continued buoyant in the early dealings. Stability was restored to the general list by development of urgent demand for equipments around noon. Baldwlg reached anew high on the move at 136%, and American Locomotive sold at 118%. L Local Bank Clearings B Bank clearings Wednesday were *3,1? |.000. Bank debits amounted to $6.GRAINS EASE OFF AT TRADE START Wheat Displays Overbought Condition, BULLETIN By United Prett CHICAGO, Jan. 14.—Corn closed slightly “higher on the Board of Trade today while wheat, oats and rye finished fractional! y lower. Bit United Prett CHICAGO, Jan. 14.—Grain futures eased off at the opening on ■the Board of Trade today. Feeling In the wheat pit suggested an over-bought condition. There were few bonafide buyers in the pit. Locals sold com early and this, with lower wheat, caused a fractional dip. '*■* Oats followed other grains and opened lowe?. Provisions wpre steady despite higher hogs and -gabies. ™ Chicago Grain Table WHEAT— . .. Prev. • ■ Open. High. Low. Close close. May 1.86 1.87 1.84 % 1.84% 1.86% July 1.56% 1.58 % 1.58% 1.57% 1.57 Sept 1.45% 1.47% 1.45% 1.46% 1.48% CORN— May 1.30% 1.32% 1.29% 1.32 1.30% July 1.31% 1.32% 1.30% 1.32% 1.314 Sept 1.31% 1.33 1.30% 1.32% 1.31% OATS— May .61% .62% .61% .61% .62% July .62 .62% .61% .61% .62% Sept .59 % .59 % .58 % .59 .59 % LARD--May 16.97 16.97 16.52 16.65 18.45 RIBS— May 15.85 15.90 15.80* 15.85 16.77 RYE— May 1.60 1.61 1.58% 1.59% 1.60% July *1.39% 1.40% 1.38 % 1.39 '1.40 jSep. 1-26 1.26% 1.25 1.25% 1.25% CHICAGO, Jan. 14.—Carlot receipts were: Wheat 56; corn, 189; oats, 107: rye. 10c

7 7 Produce Markets (Jobbers Buying Prices) Errs —Strictly fresh, delivered at Indianapolis. 50c a dozen; No. 2, or held eggs. 40c;; storage eggs, selling wholesale, 45c. Poultry—Fowls, 4% Tbs. up. l®@2lc a lb.; cocks. 12c; springers. 10 @ 21c: leghorn poultry. 25 per cent discount; capons, 7 lbs. up. 82c: under 6 pounds. 22c: ducks, 4 pounds up, 14® 15c; young tom turkeys, 33c: young hen turkeys. 33c; old. 22@25c; geese. 10 lbs. up. 10 <3l4c; sauabß. 11 lbs. to doz.. $4.50: .tuineas, 2-lb. size. $7 a dozen. Butter—Pafcking stock butter. 19 022 c: telling price for creamery butter. 43 g 44c. Cream-,—Butter fat delivered at Indlanipotts. 42c a pound. R; 0bit5—51.7502.25 a dozen drawn. Cheese—' ,Stbers selling prices) New gibrk fuM wun, 30032 c: Wisconsin lim_t@2f;c; Wisconsin daisies. 27c: ■pGnestic Swiss 400 42c: Imported. 60c: I-ong Homs. 28 0 29c; Neufcnatel. large, rl .80: American loaf. 33c; pimento loaf, 35c; Swiss loaf. 40c. ' CHICAGO. Jan. 14.—Butter—Receipt#, 4.290; creamery. 38c; standard. 37 %e; first#, 35 @36 He: second#. 32 0 34c. Eggs —Receipts. 2.344; ordinaries. 50 0 53c: firsts. 57@08c. Cheese—Twins. 230 23He: America# ,25 0 25He. Poultry— Receipts, 6 cars: fowls. 16 022 c; duck#. 26c: geese. 2lc: springs. 22<f: turkeys. 23c:! roosters. 14c. Potatoes—Receipt*. 100 cars: Wisconsin round whites, $1.05 @l-15; Minnesota round whites. $1.10: Idaho ru#seta, $2.1002.25: , NEW YORK. Jan. 14.—Flour—Strong. Pork—Firm: mess. $34.25 035. Lard— Stronger: mldw-st spot, $16*0017. -Sugar—Raw: easy: centrifugal. 96 test. 4.52 (p 4.59 c :refined. easy; granulated. 8.100 6 2 sc. Coffee—Rio 7 spot. 23 % 0 24c: Santos No. 4. 28% @290. 'Fallow— Steady: special to extra, 9% 010 c. Hay —Steady; No. 1. $1.35: No. 3. sl.lo® 1-20. Dressed poultry—Dull: turkeys. 25 @4sc: cihckeas, 20 0 48c; fowls. 16 031 c; ducks. 200 28c: ducks. Long Island. 270 29c: capons. 28® 49c. Lire poultry— Firm; geese, 30® 40c: ducks. 15®35c: fowls. 25@30c; tdrkeys. 40® 45c: roosters 16c; chicken#, 35c- broilers, 35®38c: capon#, 40e. Cheese—Steady; State whole milk, common# to specials, 14® 26c: State skim#, choice tb specials. 15® 20c; lower grades, 10013 c. Butier—-Easier’ receipt#, 8.595; creamery extra#, 38% @39c: special market. 39% @ 40c. Egg#—-Firm: receipts, 14.736: nearby white fancy. 64% @ 85c: nearby State whites. 55064 c: fTsh firsts 59 ® 65c: Pacific coast#. 56® 68 He; western whites, 47@62%c; nearby browns. 66c. CDEVELAND. Jan. 14,—Poultry—Lire heavy fowls, 28 029 c: medium, 24® 25c; light. 20@23c; springers, heavy. 28@ 29c; l&ht. 20 023 c: geee. 25® 27c; Tight. 22 ®23c: ducks, heavy 3'' @ 32c: light. 28 0 28c; turkeys, 4506: r. Butter—Extra i ntutw. 42®43c: ex’c# 40 %c: firsts. 37% @38%,5; standard. SOc. Eggs—Fresh gathered northern extra. 63c: extra firsts, 61: Ohio firsts, 60c: western firsts. 59c. Potatoes—Michigan. $1.90@2: Idaho Baker select#, $3500 $2.7502.85: New York. $2.1002.20; Idaho russets, $3. gft Tank Wagon Prices W <Gasoline "prices do not include State tax of 2c a gallon.) GASOLINE—Energee 17c a gallon; Pure 13.2 c; Red Crcwn. 13.2 c: Target. ) 3.’-c; Silver Flash. IVc: Standard aviaU °s„Sk-f &L§, lnr co.umereial. 13.2 c. , hEBOSENE-Crvstaline. 11.7 c: Moore TJght, 14 sc; Perfection. 11.7#: Standard furnace oil. 10.6 c (under 200 gallons). 9,8 c (more than 200 gallons); Brighi Light. 11.7 c: Sinclair. 12 Ye. NAPTHA-—Energee Cleaner#, 18.6 c: V. M. A P . 18.5 c: Standolind. Cleaners. lfe.Sc. Prices on Coal / Anthracite $16.50 a ton: coke, $10: J“iN_soo7is: Kentucky vj? ‘° • Poeahontw mine run - ?8.c0@7 m- lump. $8.8009.25: .Indiana 1 - Hiar - ? syge' rustk a 54.5 o^s :

New York Stock Quotations (By Thomson A Mcßj^won)

—Jan. 14 - Railroads— Prey. High. Low. Close. close. Atchison ..118% • 118% 118% At Coast L 151% 151 151% 151% B. A O 79% ... 78% 79% Canad P.. 150% ... 150% 150% C. 4 0..,. 97 ... 96% 97 C. AN.W. 74 ... 73% 73% C.. R. AP. 47% 47% A7% 47% DA Hud..141% ... 141% 141% D A Lack 143 ... 143 143 Erie 31% 61% 31% 3?% Erie Ist pd 45% 45 45% 40% Gt No pfd 70%- 70% 70% 70% Lehigh Val 80% ... 80 80% L. A N. . . 112% ... 112% 112% Mo Pae pfd 80% ... 79% 80% N Y Cen.. 124% 12* % 129 124% N Y NHAR 31 ... 31 31 % Nor Pac... 70% ... 70% 70% Nor A W.. 130% i3d% 130% 481% Pere Marq 68 % ... 68 % 69 % Penneylvaa. 48% - 48% 48% *B% Reading . . 79 % ... 79 79 % So RaSway 82 % ... 82 % 82 So Pacific 106% 106% 100 106% St. Paul. . . 14% ... 14% 15% St Paul pfd 26 £% 25% 25% St LA SW 50% ... 50 60% St LA SP 59% 59% 69% Urtfoif Pac 151% 150% 161% Wabash . . 23 21 % 22 % Wabash pfd 58 68 58% Rubbers—r Fiak Rub.. 18% IS 18 Goodrich R 41% 41% 42 Goodyr pfd 92% 92% 92% Kelly-Spg... 16% 10% 16% U 8 Rub.. 44% M 43% 44 Equipments—• Am 0 A F 200 200 200 is ,a ,}! Bald Loco 135% 134% 134% Gen meof 307 300% 306 Lima Loco 70% ... 70% 70% P Steel 0.. 64% 04% ... Pullman ..136% . 185 146% R Steel Sp 136% 185 137 Wes Alrb 110 110 109% Wes Elec.. 79% 79% 78% Steels— Bethlehem.. ‘52% ... 62% 53 SMr'.-.llS Tt3 8* Gulf States. 88 87 87% 88% PRC AI. 50% ... 50% 60% Rep lAS. 02 66% 62% 02% Slose-Sh .. 80% ... 84% 85% 0 S Steel .124% 146% 124% 124% Vanad 30 ... 30 30% Motors— Am Bosch.. 47 46 % 47 45% Chan Mot .32% ... 32% 32% Gen Mot . 72V ... 71% 72% Mack Mot. 12161 i2l % 121 J, 121% Max Mot B 37% 37% *7% 37% Moon Mot . 25% ... 25V 25% Studebak . 45% ... 44% 45% Strombrg . 73V. ... 73% 74% Stew-War .77% 76% 75% 70% Timken ... 40 V. ... 40 % 40 % WU-Over . 10% ... 104. 10% Yel Mfg .. 41% U 41 Minings— Dome Kin . 14% ... 14% 14% Gt N Ore . 39% 39% 89% In Nickel . 26% ... 25% 25% T G A S. .103% ... 102% 102% Coppers— . . Am Smelt . 98% .., 98 98% Anaconda . 47% ... 47% 47% Inspire ... 32% ... 32% 32% Kennecott .57% 57% 67% 57% Utah Cop . 88% ... 88% 88 U S Smelt . 38 . M 38 38% Oils— Cal Petrol. 27% 27% 27% Cosden ... 81 % „ 30% 31 % Houston Oil 83% ... 82 83% Mar Oil .. 43 ... 42% 43% P-A Pete . 07 ... 00% 00% P-A Pete B 66% ... 65% 60% Pac Oil ... 66% ... 66% 60% PhU Pete . 40% 40% 40% 40% Pro A, Ref. 31% ... 31 Vi 31 Purs Oil .. 30% ... 30%' 30% Roy Dutch. 63V* ... 52% 53% St Oil, Cal. 63% 63% 63 v, 03% St Oil. NJ. 41% ... 414, 41% Sinclair ... 19% .... 19% 19% Texas Cos ~ 44% ... 44% 44% Tr Cn Oil 6% ... 5% 6% Industrials— AI Chem .84 ... 84 84 Adv Rume .14 ... 14 ... Anis-Chal .75 74% 74% 74% Am Can ..104% 102% 108 - 164% A H A L pf. 73% 72 73% 71% Amer lee.. '92 >... -92 93 Am Wool.. 62 % ... 62 % 02 % Bent Lea . . 20% ... 20% 20% oca-Cola . 89 ... 88% 88% Cont Can.. 69% 68% 08% 68% Dav Chem: 47% ... 40}, 40% Fm Players 98 66% 96% 98% Gen Asphalt 60% ... 69% 60% Int Paper.. 69% 68% 58’/, 60% May Stres.lo7% ... 107% 108 Mont Ward 64 ... 63 64% Nat Enam. 34% ... 34% 3o Owen Bot. 48% 46% '48% 48% Radio ... 73% 71 72 72% Sears-Roe .169 ... 188% 170% U 8 01 P 170 ... 169 170 US In Al. . 86% 86% 86% 86%

Indianapolis Stocks Stock# Am Central Life 200 ... Am Creosoting Cos pfd 99 ... Advance Rumely Cos 14% 15 Advance Rumely pfd 50 51 Belt R R com 76% 79 Belt R R pfd 53 Century Bldg Cos., pfd ..... 98 ... Cities Service Cos., com .... , . ... Citizens Gas Cos com &1% £d% Citizens Gas Cos pfd ......105 Indiana Hotel com 100 ... Indiana Hotel pfd 100 ... Indiana Pipe Line Cos ....... ... Ind Title Guar Cos 150 Indpla Abat pfd . . ... Indpl# Ga# .............. 53 ... Indpls A Northw pfd 34 Ihdpls A South pfa . , 40 Indpla St. Ry 45 48% Mer Pub Util pfd 90 Pub Sav Insur Cos ........ 12 ... Rauh Fertilizer Cos 45 ... St Oil Cos., Ind 64 66 Sterling Fire Ins Cos ...... 11 ... T H I A E com 2% 5 T H I A E pfd 13 18 T H Trac and L pid 91 96 Union Trac of Ind com .... . . Union Trac o Ind Ist pfd. . t . '8 Union Trac of Ind 2d pfd. .. 8 Van Camp Prod Ist pfd .. 93 98 Van Camp Prod 2d pfd . . . . 100 V&ndalia Coal Cos com ...... 4 Wab Ry Cos com . ... 21 23 Wab Ry Cos pfd 67% 59 Bgak Stock# Aetna Tr and Sav Cos .....100 Banker# Trust Cos 125 •.. City Trust Cos 104 >.t Con Nat Bank 106 , Farmers Trust Cos 210 *,,• Fidelity Trust Cos 154 ... Fletcher Am Nat Bank ...144% ... Fletcher Sav and Tr C 0... .218 ... Ind Nat Bank 252 266 Indiana Trust Cos 218 926 Live StorlrEx Bank ..... . . Marion Cos State Bank ...150 ... Mer Nat Bank 303 ... People's State Bank .......195 ... Security Trust Cos State Sav and Tr C 0../.. 80% 102 Union Trust Cos 340 370 Wash Batik mid Tr 150 Bond# Belt RR A Stockyard# s#. 82 1 ... Broad Ripple 5s 69 73 Central Ind Power Cos 5#... ~ ... Citizens Gas 5# 93% 94% Citizens Ga# 7s 103 %‘ ... Citizen# St R R 6# 84% 60% Ind Coke Gas 6# 92% 94 Indiana Hotel 6s ......... 95 ... Indiana Northern 6# ...... 5 ... pd Ry ana Light 5# ..... 91 Indiana U Trac 5s 7 ... Indpls Abat Cos 7%#...... ~ ... Indpls Col A So 65....... 97 100 Indpls Gas 6# ... .. 96 98% Indpls Light and H S\ 98 98 % Indpls A Indpls North 5s %...._2d 34 Indpls A Northw 6s °SO 54 Indpls A S E 20 Indpls A ShelbyviUe 20 ... Indpls St Ry 4s 63 64 Indpls Trac A Term 91 93% fndpls Un Ry 6s 99% 100% Indpls Union Ry 4%s .... 99 ... Indpls Water 5%s ...... 99% l6i Indpls Water 4%s ....... 91% 92 Interstate Pub Serr as .... 95 % 100 T H I A E 5s 68% 71 T H T A L 5s 80 ... Union Trac of Ind 6s .... 35 46 Liberty Bonds Liberty Loan Ist 3%s 101.10 101.26 Liberty Loan Ist 4T4#.. .JQl.ls 101.60 Liberty Loan 2d 4%# 100.72 100.84 Liberty Loan 3d 4% ..101.00 101.9% Tibertv Loan 4th 4% ..101.60 101.70 U 8 Treasury 4%s 104.60 105.00 U S Treasury 4s .... 100.60 100.60 Shippers' Forecast Fair tonight, Thursday Increasing cloudiness. West, north and northeast, 6 to 15; south and east, 12 to 22. Merchant# National Elects Charles W. Murdock, president of the First Merchants National Bank of Lafayette. was added to ole board of directors of the Merchants National Bank Other officers and directors re-elected are a# follows: Henry W. Lawrence. Albert Lieber. Thomas H. Parry. Louis Hollwegv John P. Frenzel. Otto N. Frenzel, Oacar F. Frehzel and John P. Frenzel Jr. Officers then were re-elected a# follows: Otto N. Frenzel president; John P. Frenzel Jr., vice S resident and cashier- Carl Bala. william . Grauel and O. N. Frenzel Jr . assistant cashiers: Thomas A. Kessler, manager bond department. TINNERS’ SUPPLIES Tin—l C 20x28 coke. $14.50: charcoal, $2250 $15018; old styles Lead—Bar. sl3 per 100 pounds. Zmc—Sheet. sl3 par 100 pound#. ffl aS”K ß s , te'c M .' , TC S3. po "” ,:

At 12:80 Prev - High. Low. p. m. close. Woolworth 122% 122% 122 % v 123% Utilities— A T and T 134 183% 184 134% Con Gas .. 77 ... 70% 76% Col Gas .. 47% 47% 47% Shipping— I s“ju8”8 !I5 •" !!$ !l* ii ii* Foods— Am Sugar. 50% 50% 60% *60% Am Bt Sag 40% 40% 40% 40% Austin Niqh.3l% 81 31 *3l % Corn Prod 39% 39% 89% .89% CuCn Sups 57 66% 67 53% Cu-Am Sug 29 % ... 29 % 29 % Punta Aleg 42% ... 42% 43% Wilson Cos 7% 7% 7% Tobaeeos— Am Tob Cos 88% 87% 87% 88% Gen Cigar. 98 ... 98 91 Tob Prod b 77 }6% 70% 70% HOGSSTEADYAT TUESDAYS LEVEL Top Price, $11.25 Bulk Brings $10,65@11, —Hog Prices Day by Day— Jan. Bulk. Top. Receipts. 8. 10.25 010.50 10.85 10,600 ,9. 10.40010 00 11.10 13.000 10. 10.60010.70 11.10 10.000 12. 10.50010.70 11.10 10.000 if. 10.65 011.10 1125 16.000 14. 10.05011.00 11.25 14,000 "With local packers buying heavily, hog prices held steady with Tuesday’s level at the local market today. Receipts were estimated at 14,000, and, coupled with a holdover of 2,265, total offering was around 16,000. Kingan was the largest buyer. It was reported their buyers took about 10,000 during the morning. Top hogs, weighing 275 pounds and up sold at [email protected]. Medium weight porkers were quoted at [email protected]. Lightweight hogs brought [email protected]. Several loads 6t lightweights sold at [email protected]. Pigs were sold at $7 @9.75. Sows were steady at 610.25 down. Most of the hogs sold at $10.65@11. Cattle trade seemed little lmpffired by heavy receipts, at 1,800. Business was along wide lines and prices were well maintained. Cows and heifers were fully steady, and, although steer prices were slightly irregular, they appeared to be unchanged from Tuesday. Carlot sales of fair light and handyweight steers were made at [email protected]. Some good finish stock was cleared at 610. Common killers brought 66@7. General run of heifers sold at'[email protected]. A few choice light heifers sold at ,69.50 @lO. Good to choice beef cows sold at 65@6 and common to good, 63.50 @5. _ Veal quotations" we re unchanged. Top was 615 and the bulk of good quality veals sold at 611 @14.50. Mediums were qyoted at 68 @lO and commons sold .at 65@7. Receipts were estimated at 700. Less than forty head of sheep and lambs were offered and alk prices were quoted nominal. Trade has been considerably hampered by light receipts and dealers said today they would pay Chicago prices for gocyl fed western lambs.

—Hogs—Good hogs. 150-100-lb. v.s 9.75010.25 160 to 180 pounds . . 10.25® 10.65 180 to 200 pounds 10 05 010.75 200 to 225 pounds 10.75 0 10.90 2:25 to 275 pounds 10.90 @ll.lO 275 pounds up 11.10® 11.25 Pga. 160 pounds down ... 7.00 0 9.75 Heavy sows 9.90 010.25 Light sows ... 1. ... 9.000 9.90 -CattleSteers, 1,300 lbs. up. choice.s 9.750 10.60 Good 9.00® 9.60 Steers. 1.000 to 1.200 lbs.. prime and choice [email protected] Plain, 1,000 lb# 7.50® 9.00 Medium to good heifers ... 4.500 700 Choiwlight heifers [email protected] Common to medium cow# . . 3.25® 4.50 Choice 6.00 ®\ 5.60 Canners 2.00® 2.25 Cutters ... 2.50® 3.00 Butcher bulls 4.25® 600 Bologna bulls 3.500 4.25 —Calves— Choice veals 14.50 Medium veals 8.00010.00 Good veals 13.00 @13.60 Common calves 5.00® 7.00 —Sheep and Lambs— Choice lambs 18 00 0 17.00 Mediums 11.00 014.50 Cull lamb# 9.00 @IO.OO Yearlings 7.00® 9.00 Medium to choice ewes .... 4.00® 7.00 Culls I.oo® 3.00 Other Live Stock CHICAGO. Jan, 14.—Cattle—Receipts, 11.000; market for beef steers active, strong. 25c higher: Monday’s sharp decline regained; bulk. SBO 10.26 numerous loads heavies. $lO 011- best. $11.26; top yearlings early. $10.85: fat she stock showing advance- other classes firm: vealers mostly $10.50 @11.50; few sl2 to packers: outsiders paying up to sl3. Sheep—Receipts. 8.000; market for fat lambs 25®500 higher: best medium to good lambs. $18.25 @i3.76: early top. $19.10: best bid, $19325: 110 clippers sold: good 77-lb. yearlings. $16.75; fat sheep and feeding lambs strong; goad mediumweight ewes. $lO @ 10.2a; feeding lambs scarce, few sales $16.50 018.75. Hogs— Receipts, 87.600 r market slow, steady. 10c up: top. $11.26; bulk. $10.25011.05: heavyweights, $10.75 011.25: mediumweights, 810.10 @ 11.20: lightweights. 89.50 @10.76; light lights. sß® 10.40; packing sows, smooth. $10.35010.65; backing sows .rough. $9.90 @10.35; slaughter pigs, s7® 8.75. EAST ST. LOUTS. Jan. 14.—CattleReceipts, 2.800: market, steady; native steers. s7® 8; yearling heifers, $8 @8: cows. $4 @5.25; canners and cutters. $2 @3.25: calves, sl2: Stockers and feeders. $505.50. Hogs—Receipts. 17.000: market. steady: heavy, $1105011.25- medium $10.90® 11.25: light, slo® 11.05: light lights. $8.60 @10.65; packing soughs, $9.65® 10.10; pigs, $7 @9.25; hulk. $10.50® 11. IQ. Sheep—Receipts. I. market, steady to 25c higher: ewes. $8.50® 10; canners and cutters. $3.500 8: wool lambs. $17.75018.50. PITTSBURGH, Jan. 14.—Cattle—Receipts. light market, slow; choice. $9.25 @9.76; good. $8.3509; iair. $6.50@7: veal calves. $14.50015.50. Sheep and lambs—Receipts, light; market, strong; prime weathers. $11011.50: good. slo® 11; fair mixed. $S@9: lambs. sl4 019. Hpgs—Receipts. 20 double deckers: market. strong; prime heavy. $11.60011.70 medium. $11.35011.40: heavy Yorkers, $11.20 011.30: light Yorkers. $8.6009: pigs. $/.50@8; roughs. $8.60010; stags $4.50 @5.50. CLEVELAND. Jan. 14.—Hogs -4 Receipts, 6.000; market steady; Yorkers, $11: mixed, $11; medium. $11.25; pigs. $6: roughs. $9; stags, $6. Cattle Receipts. 300; market slow, unchanged. Sheep and lambs—Receipts. 1,000; market 600 higher; top. sl9. Calves Receipts, 300; market active: top. sl6. „ EAST BUFFALO. Jan. 14. —CattleReceipts. 250; market, slow and steady; shipping steers. $4)011; butcher grades. $8 @8; cows. $2 @6.25. Calves—Receipts, 300: market, activo and steady; cull to choice, $3.50 @ls. Sheep and lambs— Receipts. 800; market active, lambs 100 up: choice lambs. $18018.76; cull to fair, $10@17: yearllnga, $lOOl6 sheep. $3.50@12. Hogs—Ra*ipts, 4.800; market active to 100 up; Yorkers, S9O 11. pigs. $7.50 08.50; mixed, $11.2$ 011.40: heavies. $11.50011.60; roughs, $909.7,5; stags. $506.50. TOLEDO, Jan. 14.—Sags— Receipts, 1,000; market. 10 0 20c higher- heavies. $11.25011.40- medium. $11.25 011.30; Yorkers. $10.76011: good. pigs. $8 0 8.25. Calves—Market, light. Sheep and lambs—Market, steady. CINCINNATI'Jan, 14.—Cattle Receipts, 1.000; market weak: shipping steers. good to choice. $7.60 @£so. Calves-—Market steady; good to choice, sl3 014. Hogs—Receipts. 6.700: market steady; good to qhoice butchers and butchers 511.40. Shqepr—Receipts, 50: market steady: good to whoice. s<@9. X.ambs— steady; to %l 7 @ 18.

THE INDIANAPOLIS TIMES

Bank Meetings — Annuel meetings qf twelve banks. held Tuesday, revealed a year of moderate profits and progress. In most cases no changes were made in officers or the board of directors, Shareholders of the Indiana National Bank named John J. Madden, president of the John J. Madden Company, and William T. Cannon, president of the Railroadmen's Bulding and Savings Association, directors to fill vacancies caused by the death of Charles C. Peiry and Charles W. Brownell. Other directors re-elected were: John J. Appel. Henry W. Bennett. William 0. Bobbe, Arthur V Brown. Eugene H. Darracb., Frederick C. Dickson, G. A. Efroymson. Hegry Bjtel. R. Mallott Fletcher. J. 8. Holliday. Aqullla Q. Joneg. James W.

Illinois and Market Realty Company INDIANAPOLIS '. 'jj j-- I |._ -t 1 | 'T" To Be Secured by New Ten-Story Store, Shop and Payment of Principal and Interest to Be GuaranOffice Building, at Illinois and Mar.’ it Streets teed by L. Strauss and Company, Indiana’s % § —Valued at $1,350,000.00. Leading Clothiers. Dated .lan. 1, 1925 Dividends Payable Jan., April, July and Oct. Shares SIOO Each MATURITIES: ' July 1, 1928 $30,000 July 1, 1934. $55,000 % §!■ July 1,1929 40,000 July 1, 1935 60,000 July 1, 1930 40,000 July 1, 1936. 65,000 July 1,1931 45,000 , July 1, 1937,1 65,000 MW July 1, 1932 45,000 July 1, 1938 75,000 July 1, 1933 50,000 July 1, 1939 75,000 July 1, 1940 $205,000.00 f' A ' Wim' ' Callable at 102 fop 5 and 101 thereafter. ,

SITE The best in by 120 feet at the southeast v corner of Illinois and Market streets, held under very attractive ninety-nineV&ar leases of great v^lue. BUILDING Beginning April 1, .the Company will erect a ten-story fireproof store, shop and office building, covering the entire area, Which it is expected will be the finest building in the middle West. The exterior of the first two floors will be solid granite, with stone or terracotta e.bove. Practically the entire 227 feet of ground floor frontage will be plate glass, and the building will be liberally finished with marble, bronze and mahogany, and the interior department and trim will be of the finest. • 1 1 - INCOME Applications have already been received for a large amount of space in the building. Income from the lower doors, figured pn the basis of applications already received, and income from tLe upper floors, figured on a basis much lower than the rental any other modern office building in the city is charging, shows estimated gross income.from the building of $259,000, and net income of' SI3I,IOCM-almost three times the maximum Series'A dividend requirements. VALUATION The value of the completed property is conservatively estimated at $1,350,000.00, affording ample security QBTITRITY or $850,000.00 of preferred stock, which is safedLLUK guarded with all the usual features of the “MEYERKISER PLAN," under which the preferred stock approximates a first mortgage upon the leasehold and building. The $850,000 Seties A pre- x ferred stock offered herewith is followed by $250,000 of “Series B”

* : v ■ " ' v " ' v v ( Approved by the Indiana Securities Commission, Issuer's License No. 1210i Detailed Circular Upon Request. v ' Orders or Reservations for Puture Delivery May ae Wired or Telephoned at Our Expense. Approved Maturing Securities Accepted in Exchang^ . v. ~ \ iu. / Price: Par and Accrued Dividend, Yielding 51-2% MEYER-KISER BANK INDIANAPOLIS All statement# *vnd fienres contained herein, while not guaranteed, h*ve been obtained from sooree# we regard a* rimbie and have been relied upon by ns In the purchase and valuation of the securities for our aocount.

Lilly. Macy W. Malott. Sol Meyer. Edward L. McKee Gwynn F. Patterson. Samuel E. Rauh. Frank D Stalnaker. Following officers were re-elected: Frank 0. Stalnaker, president; Henry Eitel, Gwynn F. Patterson, Macy W. Malott and Edward D. Moore, vice presidents; Thomas H. Kaylor, cashier; R. Malott Fletcher. Herbert S. Wood. John F. Kurflsa and Rokert H. Malloch. assistant cas iers; James L. Fish, auditor. W. H Polk was promoted to the position of cashier and R. W. Spiegel was promoted to vice president of the Continental National. The following were re-elected directors and officers; Bert A. Boyd, Samuel O. Dungan, John W. Holtzman, Bert Mcßride, George F. Quick, Obie j. Smith. R. W. Spiegel and H. C Thorjiton. Bert Mcßride, president; R. W. Spiegel, vice president; W. H. Polk, cashier: C. T. Brady, assistant cashier, and H. H. Smith, auditor. J. H. Trimble was elected to succeed Alexander L. Taggart to the board of directors of the Fletcher American Company. Other directors and officers were re-elected. Following were named: , Elmer W. Stout, president: George C. Forrey Jr.. Theodore Stempfel, G. H. Mueller, Walter F. C. Galt. Robert H, Tyndall. Harold E. Sutherlln,

vice presidents: Ralph K. Smith, vice president and cashier; Adolph G. Wocher, Frank F. Wochsr, Clarence O. Robinson. Otto J. Feueht. Chester J,. Robinson Walter J. Hubbard Jr., assistant cashiers; Henry L. Hilkene, auditor, and Miss Josephine M. Henley, trailager savings department. Directors of the Fletcher American National Bank remain the same. \ The following were re-elected officers: George C. Forrey Jr., president: Elmer W. Stout. Theodore Stempfel, vice presidents: L. P. Robinson, treasurer: G. B. ©hppmger, secretary: J. F. Shaughnessy. assistant treasurer. and Mrs. E. M. Burnett, assistant secretary. The following were officers and directors of the J. F, Wild Company State Bank: J. F. Wild, J. C. Fisher. L. G. Wild. G. F. Miller and O. P. Kem, directors: J. F. Wild, president: W. F. MeNairy and J. C. Fisher, vice presidents: L. 0. Wild, cashier; G. F. Miller and O. P. Kern, assistant cashiers. No changes were made in officers or the board of directors of the Aetna Trust Company. The following were named: Directors, E. S. Goodrich. Samuel T. Brown. E. M. Costln, Carl H. Mote, R. S.

preferred stock, which has befen purchased at par for cash by L. Strauss & Cos., who will also own.the common stodk of the company. The Series B stock remains junior in all respects to the Series A stock until $250,000 of the Series A stock has been redeemed. GUARANTEE payments of principal and dividends on th& Series A stock is unconditionally guaranteed by L. Strauss & Cos., who are one of the oldest and largest dealers in men’s clothing and furnishings in the middle West, and whose statement shows very large net worth. L. Strauss & Cos. to maintain their capital and surplus at not less than $400,000 while this stock is outstanding. .Mr. A. L. Block, one of the most successful business men of Indianapolis, is president of and controls L. Strauss & Cos. • \ SINKING FUND Monthly payments must be made to Meyer-Kiser * Bank, trustee, of one-twelfth of the total amount due each year for preferred stock dividends and requirements. > The company can pay no dividends on its common stock, or salaries, until at least"so per cent of the preferred stock has been redeemed. INSURANCE Adequate Fire,’ Tornado and other necessary forms of Insurance are required for the protection of the preferred stockholders. LEGALITY Legal approval of Smith, Remster, Hornbrook & Smith of Indianapolis. TAX EXEMPTION This stock is exempt from all taxation in Indiana, and from the normal Federal income tax.

, Martin. O. A. McCotter. Leo If. RappaSort. Ross H. Wallace and L. B. Wright; ,oss H. Wallace, president: Leo M. Rappaport. vice president: L. H. Wright, secretary treasurer; J. S. Griggs, assistant secretary: O. R. Olsen, assistant treasurer. The following were elected officers and directors of the Meridian State Back: Emerson W. Chaille. Ray Macy. Frank L. Riggs, O. O. Laughlin. E. W. Springer. Charles W. Smalley. Thomae A. Bell. W, S. Ropbins and Solen A. Enloe. The officers: Emerson Chaille, president: Ray Macy, vice president, and Frank L. Riggs, cashier. William B. Paul, president of the Federal Finance Company, was elected head of the State Savings and Trust Company at the annual meeting of stockholders, succeeding Joseph T. McNary. Four new directors were added, including Paul. Julian Fauvre. Arthur E. Bradshaw and John C. Ruckelshaus. Roy Sahm. former secretary, was promoted to vice president and Wallace Weatherholt succeeded Sahm. James A. Houck was renamed treasurer and C. J. Murphy was renamed vice president. Other directors are as follows: Robert J. Aley. / Edgar Ashby. Pilney H.

For Conservative . ' Tax-Exempt Investment We Own and Offer ■ I $850,000.00, ' Tax Exempt Downtown Mt Series A Real Estate Preferred Stock ' oi£

Wolford. J. T. Mllle?, C. J. Murphy. Wfl liam A. Pickens. , Frank P. Manly was re-elected president of the Indianapolis Life Insurance Com pany. Edward B. Raub was renamed *>a president and counsel; Joseph R. Raub secretary, and A. L. Portteua. cashier. Officers and director* of the Foontail Square State Bank were renamed aa ft* Iowa: William Nackenhorst, president: Char let H. Stuckmeyer and J* Walter Dunn, vld president: H. J. Budenz, cashier, and B. W. Strack. assistant cashier. Director* William Nackenhorst. Charles H. Stuck/ meyer. H Langs -nkamn. J. Walter . Dunn Robert E. Sweeney. J. Henry Amt. HaroM J. Koch. Otto N. Frenzel Jr. and H. T Budenz. Shareholders re-elected the fofiowini officers and iirectors of the Maaeachu setts Ave. State Bank: - Officers: Frank H. Carter, president: I* E Yuncker .vice president; C. J Wikgner, cashier. Directors: FrankHCarUr L E v uncker. J. S. Yuncker. H. K. Ruckel* haq. Fred Jungdaus. Fred Hinnenkamj and George L. Harrington.