Indianapolis Times, Volume 37, Number 213, Indianapolis, Marion County, 6 January 1926 — Page 11

WEDNESDAY, JAN. 6,1926

HOGS RULE 25 TO 50 CENTS HIGHER

SALL STREET STOCK MARKET OPENS QUIETLY Profit-taking and Tax Selling Lowers Prices Slightly.

Average Stock Prices

Average price ol twenty industrial stocks for Wednesday was 167.00. off 1.16. Average price of twenty rails for Wednesday was 112780. off .04. Bv United Press NEW YORK, Jan. 6.—Stocks opened quietly, continuing under the influences which caused yesterday’s irregularity. Profit-taking and tax selling came into the general list, resulting in slightly lower price levels. General Electric dropped a point to 324%, Chrysler % to 213, Mack % to 153% and Baldwin % to 132%. ' The rails were fairly steady while the oils showed virtually no change from the previous close. No recurrence of the selling pressure developed in the late morning and further progress on the recovery was made in many sections *ie list. Baldwin rallied to 134% from the early low. This gain due to acumulation said to represent preparations for a drive against the shorts, who were said to have heavy stop-loss orders up to 140. Remington gave evidence of an extremely unlimited floating supply, soaring 5 to 124, the highest price on record. Recent accumulation based on current earnings estimated at an annual rate of $24 a share was said" to have placed 38,000 shares in one office compared with the total common capitalization of less than 100,000 shares. Local Bank .Clearings Jan. 6 Indianapolis bank clearings "for today amounted to $4,899,000. Debits were $9,365.000. NEW YORK CLEARINGS Bv United Press NEW YORK. Jan. 0. —Clearings, sl,230.000.000; balances. $127,000,000.

Indianapolis Stocks

—Jan. 0— —Stocks— Bid. Ask. American Centra 1 Life .... 200 ... Am Creoeoting Cos pfd. ~ . .100 ... Advance Rumely Cos com. .. 17 % 19% 'Advance Rumely pfd 57% o 9 Belt R R com 08% 72 Belt R R pfd 6+ Cent Ind Power Cos pfd.... 88 90 Century Bldg pfd 99 ... Citizens Gas Cos com 40 42 Citizens Gaß Oo pfd lOg Oomon wealth Loan pfd. ... 98 ... Equitable Securities com. ... 61 >• • • ' Hook Drug Cos pref (class A) 25% .• ■ Indiana Hotel com 100 Wkna Hotel pfd 100 Gas 6o ... & Northw pfd. 27 . . . Iflflpls A Southeast pfd. . . . .... ~0 Indpls Street Railway .... 41 44 Interstate Pub 8 prior lien. 98 11M Merchant P Util Cos pfd 90 - Publics Service Ins Oo 10 ... Rauh Fertilizer . 48 ... Standard Oil of Ind 08 71 Sterling Fire Ins., 11% i- ■ ; THI & E com • ■ 3 ■> T H 14 B pfd 30 40 T H T and Light Cos 93 100 Union Trac of Ind c0m.... .. 1 Union Trac of Ind Ist pfd. ... 10 Union Trac of Ind 2d pfd. . . . 3 Union Title com 99 % Van Camp Pk* Cos pfd. ... . 14- • Van Camp Pkg Cos Ist pfd. . 92 100 Van Camp Pkg 2d pfd. .... 91 Vi 90 Wabash Ry Cos pfd 44 > • • Wabash Ry Cos com 74 ... —Bonds— Belt R R and Stk Yds 4s. . . 87 Broad Ripple 6s 70 ... Citizens Gas 6s 98 97 Citizens St Ry 5s ........ <0 82% Indiana Coke and Gas bs.. 94% v 96% Indiana Hotel 6s 97 ... Ind Northern 6s 3% ••• Ind Ry and Light 6s 92 % ... Ind Union 5s 3% ••• Ind Col & So 6s 98 100 Indnls Gu* 5s 90 90% D.dUs Lt ai.'.l Ht 5s 99% 100% i.ndpin St Tartiusville 65... 40 46 andfils I'c. iu. m 5s ........ 22 24% Indnls & ~ rlhwestern 6s. . o3 ... Indnls A S E 6s ..... j,.... 4 ... Indpls She by & 8 E 05... 4 •■ ■ , Indpls St Ry 4s . . ..... 57 69^ Indpls True and Term 08. . 90J4 93 Indpls Union Ry 5s 100% ... Indpls Union Ry 4%| ..... 90 ... Indpls Water Wks S ei 95 ... Indpls Water 5%s 102 104 Indpls Water 4% 9, ... Interstate Pub Serv 6s 99 101 Interstate Pub Serv 6%5..101 ... THI&I61 70 74 T H T and Light 01\ ... Union Trac of Ind 0s 19 ~4 —Bank Stocks — Aetna Trust and Sav C 0... 112 ... Bankers Trust Cos 128 ... City Trust Company 140 Continental Trust Cos 100 ... Farmers Trust Cos 235 ... Fidelity Tr o 154 ... Fletcher Amer 162 160 Fletcher Sav and Trust Cos. . 235 . . . Indiana Natl Bank 250 267 Indiana Trust Cos 222 JHk Stock Ex Bank 100 . .., Nat Bank 310 ... MlSlon County State Bank . . 100 Peoples State Bank 216 Security Trust 215 ... State Sav and Trust .55 00 Union Trust Company ./. 243 400 Un Lab Bk and Tr Cos ... Wash Bank and Tr C 0... 160 ... —Liberty Bonds— Liberty Loan Ist 3%5. . . 90.C0 99.80 Liberty Loan Ist 4%* .. 101.74 101.80 Liberty Loan 2d 4%s .. 100.04 100.70 Liberty Loan 3d 4%s .. 100.80 1 00.08 Liberty Loan 4th 4%a .. 102.00 102.10 V S Treasury 4%s .... 100.20 100.42 U S Treasury 4s 102.84 103.00

In the Sugar Market

By Thomson & McKinnon NEW YORK. Jan. 6.—With domestic refiners in a more comfortable position for JaifUary requirements and London apparently over-bought, decided weakness has developed in the actual market -with holders soliciting bids at 2% cents. Demand for refined has been disappointing and a reduction in list prices may develop before the end of the week. Local Wagon Wheat Indianapolis mills and emln elevator* are paying SI.BO for No. 2 red wheat. Other trade* on tnelr merits r SHIPPERS’ FORECAST West, north and east, 25 to 34; south, 30 to 38. UGLIEST WOMAN PICKED —* Some One Ho tv is Because They Say She in Movies. Bu Times Bvecial NEW YORK, Jan. 6.—Miss Leona Williams today held the distinction oL being the ugliest woman in New homely women entered the gilded precincts of the WaldorfAstoria Hotel Tuesday to compete for the title. The National Beauty Owner* convention had advertised for the freak,, broadcasting the ability of its leading lights to transform the lady into as dazzling queen of beauty after a few hours’ treatment. Miss Williams, who some one unkindly said didn’t need the motpy or the beautification because •he' made her living in the movies ,’by being homely, won.

WHAT THE BUTTER MARKET DID IN 1 925- | ytEKLYTHEND Os BUTTER RECEIPTS-AMO PRICESWr-XfM^JFlip^ PM WUMD Aw IFEB|war! APbI mAy] Jtm7JUITaOG |s£p! OCTinw|DECI *s2^ 1 7 *** 250008 K/ f>(\ AT tim nawo 111 fefvs- s_ mmmmmmmmmm• >4.ue yAu.** iwmruTx IQttOOO I

The production of butterfat is bringing high returns to the American farmer, says Blue Valley Creamery Institute. The outlook for profitable dairying continues favorable. The 1925 production of butterfat was less than 1924, while farm prices averaged 25 per cent higher. In spite of comparatively high butter prices, consumption has increased. Less butter was storaged in 1925 than in the spring of 1924. The shortage at one time reached 40,00,000 pounds. Prices in November went as high as 51 cents. At the same time, receipts at the four principal markets fell to 121,862 tubs. The development of southern markets for cream, which can be trans-

New York Stocks (B.v Thomson A McKinnon)

Ali Quotations New York Time —Jan. 6 Railroads- T . ow t ;00 . do*! Atchison Atl Cst L.. 206 ... ‘355 260 CoAd°Pac 147 l|S% 147* C A O 7T .125% 125 125% 125% C A NW.. 78% ... 78% <B% CRIA P. 67 66% E 6% £O% 8Si H i2*:ip Ig* itr Erie Ist pfd 45% 44$ 45% 44$ Gt North pf • • • • • *uq ts * I*high Val. 83% ... .84 Mo*p£; Pfd 87% •■ • 7% 87% N Y Cent..l33 , 132 133 132% NT' NH AH 44% 44% 44% 44% North Fac 76% 76 76% 76% Nor A Wn 160% 149 160% 148 I'pre Marq • . * •i• .. ■ij jr r. 4 1^ Pennsy ... 54 ft 5454 4 54Y, RAfulinC 87 74 • • • o 7 4 sj ISRalfwayllSH 118,, 116% (18% Sou Pacific 102% 102% 10,% 10-% St Paul J . 14 % ••- 13% If,. tj L a A §W 09% ’69% 69% 09 4? St LA 9 F 99% 99 99 Vi 98% llnion Pic 148$ 148% 148% 149 Wabash ...44% 43% 44% 43% Wabash pf 74% 74% 74 ,a <4 Robbers — Fisk Rubber 21% 24% 24% 24% Goodrich R. 64 ... 03% 04 Goodyr old .. ••• -a i (> 4 as EquipmentsA C and F 110% ... 110. 110% Am Stl Fdy 40 ... 46% 40% A moT IjOCO 317 ... 117 118 JUkF Loco 334% 132% 134% 133% Gen Elec . .329% 324% 328% 325% Lima Loco. 08% ... 68% 69% Pr Stl Car 75 ... 75 70 Pullman ..107 ... 107 107% By Stl Spg 173 ■■■ 173 UNDERTONE OF GRAIHJS EASY Weaker Cables Keep Wheat Buyers Outside. Bv United Press CHICAGO, Jan. 6.—An easy undertone prevailed in grain futures in opening dealings on the Chicago Board of Trade today. Weaker cables kept many influential wheat buyers outside. Supportffn com improved. The less encouraging foreign news brought about selling in wheat. Outside interest was light-. Initial action indicated the long side of the market was well liquidated. Com prices were comparatively stronger. Slight recessions were caused by lack of support. Oats followed corn. Trade was very narrow and featureler-a. Spirited short covering added a few cents to provisions. Chicago Grain Table —Jan. 0— WHEAT— Prev. High. Low. 12:00. close. May (old). 1.79% 1.77% 1.W% 1.79. May 1.77% 1.78% 1.7*7 1.70% July 1.54% 1.63% 1.64% 1.54% CORN— May 87 % .80% .87% .80% July 89 & .88% .89 .88% OATS — May 45% .45% .46% .45% Jug 40% .45% .40% .40% May 1.12% 1.10% 1.12% 1.12% JU LAHD .. . .1.10 1.08% 1.05 VJ 1.09% May 14.90 14.80 14.90 14.82 July 15.00 14.95 14.05 . 14.90 RIBS— May 16.87 15.87 15.70 CHICAGO, Jan. 6.—Carlot receipts were: Wheat, 34; corn. 490; oata. 59; rye. 4. CHICAGO. Jan. C.—Primary receipts: Wheat. 802,000. againat 092,000: corn. 1.481.000. againest 1.206.000; oats. 000.000. asralnst 380,000. Shipments: Wheat, 363 000. against 907.000: com, 241.000, aralnst 516,000; oats. 582.000. against 027.000.

Commission Row

Prices to Retailer* Fruit* Apples —Jonathan. 40-pound casket $1.70 @2: Grimes Golden, 40-pound basket. $1.76 @2: Delicious. 40-pound basket $2.75; W Bananas. 40-pound basket. $1.75; King Davids 40-pound basket #1.60; Northern Spy. 40-pound basket, $1.76: Baldwins. $1.75(82; Staymen Winesap. box, $3. " Bananas—Bc a pound. Cocoanuts—Jamaica. $5.50® 6 lor 100. Cranberries —Box. 50-pound. $8.75® 9.25. Grapefruit—Florida. *3.60® 4.50. Grapes—Emperlor. 'ugs, $35003.76 Kumquats—Fla.. qt„ 25® 30c. Lemons—California, box. $4.50®6. Limes—sl.6oo2 a hundred. Oranegs—California Navels. $4.5006: Florida. $4.5005. Pears—D’Anjou, box, [email protected]. Vegetables Artichokes —Fey California sl-50® 1.75 dozen. Beets—H. G.. bu.. sl. „ Brussels Sprouts Fey. California, P $55 ton. Carrots—H. H. bu.. $1.2601.60: Texas bu., SI.OO 02. Cauliflower—-Colorado, ert. $2.26. Celery—California, $6.5007. Cucumbers—H. u.. doz., [email protected]. Eggplant—Florida, doz., $202.25 Endive —Dot.. 46 0 f>Uc. Garlic —Fey. California. 16c lb. Kale—Eastern, bbl.. $1.76 0 2.25. Lettuce —Western Iceberg, crate, $4.50 go; H. G. leaf, 15-pound basket. $1.75 w Mangoes—Florida trunk. $6.5006. Mushrooms —Fey.. 3-pound basket. $1.25 @1.60. Onions —Spanish, crt.. $1.50. Parsley—Fey. H. G.. dot.. 40 0 45c. Peas—California, crt.. $6.50 0 7.25. Potatoes —Michigan white. 150-ib. sack. $0.7607: Idaho per cwt.. $4.75 05: Ohio. 120-lb. sack. $6.26 0 5.50 Radishes—Doz.. 60c. Rutabagas—Fey $1.50® 1.75 ewi Spinach—ll. G, bu., $2 02.50. Squash—Hubbard, bbl. $2.5002.76 Sweet Potatoes—Jersey, bu.. $3 03-2;.. Tomatoes —Crt.. $7.50 0 8.60, Bsssdsjj^ew.‘“‘

ported over long distances, is interesting. This will eliminate any surplus in the New England and northern Atlantic markets. Weekly shipments of cream to Florida are being made from points as tar west as Minnesota. Some talk of foreign butter still persists, although imports in 1925 were not larger. Foreign butter may assume more significant proportions as the season advances, owing to high priceß. Abundance of low-priced feeds has stimulated butter production, as have favorable weather and good pastures. The general outlook for butter production and dairying continues favorable.

Westh Abk 124% 124% 124% 124 Wosth Elec 74% 73%. 74 73% SfeeIi—&SSJ2EY 48 v * Crumble 80% Gulf Stales 92% ..! • 92% .... PRCA I. 45 44% 44% 44% 81,iA) St £ el 00 *% 80% 00% It>Bs-Bheff. ... ... 134 L S Steel. 137% 130 137% 130% Vanadium.. 31% .... 31% 31% Motors— Am Bosch. 32 ... 31% 32% ywngter M 48% 47% 48% 47% Gen Mot.. 124% 123% 124 123% Mack Mot 154 % 152% 153% 153% ghnrslsr .. .213 210% 213 213% Hudson 119% 117% 110 118% *H?% 30% 36% 30% Studebaker. 09% 68% 69 68% Hupp .... 27% 27 27’t 27% btewart W.. 89% 88% 89 89% M illy*.Over. 32 31 31% 31% Pierce Arc. 30% 35% 36% 30 Minings— Dome Mines 10 10 18 Gt No Ore.. 25% 261i c.i it. Int Nlckci.. 45 4tj Tex G A S 122 . 122 122% CoppeTS Am Smelt. 139 137% 138% 138 Anaconda ..60% 49% 60% AO% KSS": M -47 | U V 3 Smelt 40$ - 40% 49$ 4§s ou— Cal Petrol. 33 % 33 33 % 33 % Mid Conti P 30% . 30% * Houston O .. . . . Ind Pete.. 33 ... 33 32 % Marl and O. 68% 57% 58 68 P-Am Pete. 74% ~. . 74% 75 - £-4. P (B) 70% 75% 75% 75% Pacific Oil. 76% ... 75 75 Phillips P.. 45 % ... 46 % 45 % Gen Pete... 68 50% 67% 67 Pure Oil.. 30% ... 30 30% Dut. 50% 60 60% 60 % 9 Oil of Cal 61 . 00% fli % §. Oil of NJ4S % 44% 44*? 45% Sinclair ... 22% ... 23% 23 Texag C 0... 58% 63% 53% 63% induKtrlaln— Allied Oh. 113% „. . 112% 112% Allis-ChaJm. 91 ... 01 71 Amer Can 289 % 289 289% 289% A HAL pfd 03% . . 03% Amer Ice 134 % Am Wool. ... ... ... 41% Cen Leather 20% 20% 20% Coca Cola. 133 . 163 ... Oongoleum. 16% 10% 10% 17% Oont Can., 89% ... 89% 89% Dupont . . 233 , 231 231 % 234 Fam Play. 100% .. 100% 100% G Asphalt. 09 07 % 08% 07% Int Paper. ... ... ... 01% Int Harv.. 132% 131% 132% 131% May Stor. 133% ... 133% 134% Mont AW. 70% 79 70% 79% Nat Enam ... ... .... 39 Owen Bot. .65 ... 051 05 Radio 42% 42% 42% 42% Sears-Roe ... ... 238 % United Drg 169 . . 169 160% US In AI, 73% ... 72 73% Woolworth 210 215 216% 216 Utilities— Am TAT 143 .. . 142% 143 Con Ga* 04% 94% 04% 94% Columbia G 87 83 80 % 84% Peoples G .. . ... ... 117 Vi Wes Union 130% 135% 130% 130 Shipping— Am Int Cor 43% . , 43% 43% Am 8 A 0 0% ... 0% 0% Atlantic O. PB% 00% 8 % 05% Hi M M cf-i 42% 41% 42% 41% Lnlte.l *Yt ... ... . . 240 Poods— Am Sugar.. 77% ... 77 77% Am Ht Sug ... 33 % Austin N, . 20% ... 20 20% Com Prod. 41 ... 40% 40% Fleischman. 55% 55 65% 66% C-Atn Sugar 25% 26 25% 26 Jeweil Tea, 29% 38% 20 27% Punt a Ale. 42% 42 42% 41% Want Dak, 81% 81 81% 81% TuiMteoos — Am Sums, 11 ... 11 11 Am Tob, 116% . . 116% 115% Gen Cigar. 114 ... 114 115 Tob P (B) 09% 98% 89% 90% Lorillard , 38% 37% 38 37% U Cig Stor. 95% 94% 94% 90% 9chulte 131% 132%

Produce Markets

Eggs—Strictly fresh, delivered at Indianapolis. 32033 c. Poluiry—Hens, 24c: Leghorn a 17019 c; springers. 24c; Leghorns and blacks. 170 19c: young turkeys. 36c: old turkeys, 28c: cocks-and stags, 11c: ducks. 16 0 20c. Butter—Jobbers' selling jriees fur creamcreamery butter fresh prints. 48 0 51c. Cheese—Selling prices: Domestic Swiss. 83<844c: imported. 53 0 69c; New York brick. 28c- Wisconsin llmburger, 28® 29c: Wisconsin Daisies. 28 0 2844 c: Long Horns. 28% 020 44c: American loaf. 34c: nlmentoMoaf 38c. CHICAGO. Jan" (L^-Butter—Receipts, 7,690; creamery, 43c: standards. 42 44 c; firsts. [email protected]: seconds. 40@4t>Hc; Eggs—Receipts, 6,011; ordinaries. 330 34e: firsts, 37c. Cheese—Twins. 23 44 0 24 He: Americas, 2SO2SHC. Poultry— Receipts. 1 oar- fowls. 25031 c; spring, 31c: ducks, 26 030 c: geese 18c; turkws. 29 030 c; roosters. 18c. Potatoes—Receipts. 204 cars: Wisconsin ind Minnesota round whites. $4.1004.50: Idaho russetts. $4,300 4.8 c. CLEVELAND. Jan. 6.—Poultry—Heavy express fowls. 33034 c: Leghorns, 35 0 !16c; springers. 33 0 34c: Leghorn springers. 25026 c; roosters. 17c: heady young ducks, 32@38c: geese. 22 025 c. Butter —Extra In tub lots. 46H@47c: extra firsts, 43H 04Ao; firsts. 41H@42Hc: packing stock. 32c. Eggs—Northern Ohio extras, 45c: northern Ohio extra firsts, 41c; Ohio firsts, 38c: pullet eggs. 300 31c: western firsts. 37c. Potatoes!—Ohio, $202.75 a bushel: Idaho bakers, $606: Colorado. $5.26 per 120 pounds; Indiana, $6.50 per 160-pound sack. NEW YORK. Jan. o.—Flour —Dull and lower. Pork—Firmer: mess. $36.50. Lard —Steady; midwest, $15.30015.40. Sugar —Easier: 96 'TBet. 4.21 c: refined dull: granulated. 5 0 5.50 c. Coffee—Rio No. 7, lS@lBHe: Santos No! 4. 230 094 c. Tallow—Steady: special to extra. 9H 0944 c. Hay—Quiet: No. 1. $1.46: No. 3. $1.16 1.25: clover. $1.1001.40. Dressed poultry—Firm: turkeys. 30 0 66c; chickens, 22 @3Bc: capons. 28 052 c: fowls. 16@36<-; ducks. 17 034 c: Long Islands. 3£c. Live poultry—Firmer: geese. 17 032 c: ducks. 17036 c; fowls, 31@40c: turkeys. 45® 60c: roosters, 18c; broilers. 46060 c. Cheesey-Firm: State'milk common to special. 21H@29e: Young Americas, 260 27c. Butler—Easier; receipts, 13,482; creamery extras. 45c: special market. 46 H @46c* Eggs—lrregular: receipts. 8,876: nearby white fancy. 49c- nearby state white, 38 0 48c: iresh firsts, 3843 c: Pacific coast first to extras. 37 0 48c: western whites, 38048 c. Wholesale Meat Prices Beef—Native steers. 600 to 800 lb*.. 19020 c; fores under carcass, 2c: hinds over ce-casa, 4c: native heifers. 300 to 450 lbs., 16 H @ 2Ce: fores under carcass, lc hinds over - carcass, -2c: native cows, 400 to 700 lbs.. 12H@14c: fores under carcass, lc: hinds over carcass, lc. Pork —Dressed hogs—l4o to 200 lbs.. 19He: regular picnic hams. 4 to 14 lbs.. 10H @l9 £e; fresh tenderloins. 46c. Veal —Carcasses, 70 to 2COO lbs.. 20024 c: hinds and saddles ovfr carcass. 7c- fores under carcass. sc. Mutton—Spring lambs, -25 to 40 lbs.. 31c.

THE INDIANAPOLIS TIMES

Light Receipts Cause Porker Values to Soar Upward. ' —Hog Prirtt Day by l&y Dec. Bulk Top. -Receipts 30. 11.50012.35 12.40 13.000 31 11.35 012.20 12.35 0.000 Jau. 2. [email protected] 12.35 / 6.600 4. 11.50012.86 12.36 8,500 6. 11.50 012.85 12.50 9.000 0 12.00 012.85 13.90 7,000 Hog prices ruled 25 to 60 cents higher in trading in the mid-week session at the Indianapolis Livestock Exchange. Light receipts, estimated at 7,000, could not All the more urgent demand and buyers were forced to pay higher prices for their supplies. Holdovers from Tuesday numbering 286, were added to the total fresh receipts. Heavy weight material was 25 to 50 cents higher while light srtiff rose the limit. The bulk of the matured hog sales were made from 312 to $12.85. The top price of $12.90 was placed on choice light weight stuff and was up fully 40 Tuesday's highest point. Hog Price Scale Trading was done over the following scale of values: Heavy weight material brought sl2; mediums sold at $12.25; lights and light lights commanded a price, of $12.85; pigs cashed at [email protected]; smooth packing sows averaged $10.25 @10.76; rough packing sows moved at $9.25 @9.75; and stags were [email protected]. The cattle market remained steady and trading progressed evenly. The run of material was estimated at 1,100 head of cattle arid was absorbed readily. Steers were quoted at [email protected]; heifers, ss@lo, and cows, s4@B. Choice Lamb* Up . A light run of good material, estimated at 600, forced prices about 50c higher In the sheep and lamb division of the exchange. B6st native lambs were sold at $15.50 while several sales of western stuff moved at sl6. Sheep were steady at s4@B. The calf market rallied from Tuesday’s slump and prices were strong to 60c higher at the start of the regular trading period. Best veals sold steady at sls while the bulk of the sales were fully 50c higher and were made from $14.50@15. Receipts were estimated at 900. —Hoc*— Heavies ..$12.00 Mediums 12.35 Ltirht hps 12.85 Licht lights 12.86 Pis 12.6001285 Smooth *>w J 0.2610.75 Rough sows 9.25 0 9.7 b Slags 8.090 9.50 —CattleGood to choioe fat steers..s 0 0001160 Medium steer* 4.000 0.00 Choice heifer* 6.00 010.00 Common to Ist heifers ...*. 3.000 6.00 Prime Ist cows 4.00 0 8.00 Cauuers an dcutter cow* ... 3.00 0 4.50 CllTfj Fclct veal* $15.00 Good veale .............. 14.60 0 15.00 Medium calves ........... 8.00M11.00 Common veals 6.000 7.00 —Bbeep and Lambs— Choice lamb* $16.60 Goal • 10.00 013.00 Good to choice sheep 5.00 0 8.00 Fair to medium 3.500 6.00 Other Live Stock CHICAGO, Jan. 6.—Cattle —Receipt*, 12.000! market 1 or fat steers steady to Btronr: yearlings showing strength: killing iiuality improved; bulk, $8,90010.50; beet yearlings, heavies and mediums. $11.50; some he*vie* higher: stocker# and feeder* very scarce, firm; active trade on ,cow* and heifer*, fully steady; spot* higher: bull* weak. 25c lower: part load heavy bolognas, $0; outsiders buying choice vealers at $13.60014: packers mostly $12.60. abbut steady. Sheep Receipts. 14.000; market for good and choice light and handy reight fat lambs active, strong. 26c up; neavio* slow: early bulk better grade fat lambs. $16,76 0 10: around seven doubles to city butcher* and shippers. $lB 33 010 60; few sale*-heavy lambs. $16015.60: feeding lambs strong; choice kfbda up to $10.25: fat sheep steady; few decks fat ewe* early. $8.50 @9. Hogs—Receipts. 20.000: market 10 015 c up: top balk. $12.65: bulk. $11.50 012: heavyweight. $11125011.80: medfumweighta. [email protected]: lightweights. $11.40012: light light*. $11,80012.10; packing sows. $9 010.10: slaughter pig*. $12.25013. CINCINNATI, Jan. B.—Cattle—Receipts. 650: market, slow: shipping steer*, good to choice. $8.75010.60. Calvew-Market. active and steady: good to oholce. sl3 0 14. Hog*—Receipts. 4.300: market, active and mostly 35c higher; good to choice packers and butchers, $12.50. Sheep— ILvelpts. 250: market, steady: good to choice, S6OB. Lambs—Market, steady: go>d to choice. $16016.50. CLEVELAND. Jan. 6.—Hog*—Receipts, 3.000; market. 25060 c higher; lorkers. sl3: mixed. sl2 751 medium*. $12.26 i pigs, $13.26: rough* $9.50: stags. $0.50. Cattle—Receipts 360: market, active: good to choioe bulls. $607.50: good to choice steers, $9011: good to ohojee heifers, $809: good to choice cows. SSO 8; fair to good cows. S4O 5; common cows, $2 04; mllchers. snOo 100. - Sheep and lambo—Receipt*. 1,000; market, 60c higher; top. $10.50. Calves— Receipts. 601): market, steady: top. $lO. EAST BUFFALO. Jan. o—Cattle—Receipt*. 325: market fairly active; shipping steeiw $9.60 011 50 .butcher grades. $0.50 09.50: cows. $307. Calve*—Receipt*. 400; market aetivi\ steady; cull to choice. $401850. Sheep and lambs— Receipt*. 2.400: naarket active tombs 25c r slO C 0 rt %?B\o O Sheep. $350010.50. Hog*—Receipts. 4.- &- i r£ t s&£rj* @ IK2>: neavies, $11.7601250; roughs. $8 010: stag*. $6.500 8. PITTSBURGH. Jan. o.—CatMo Receipts light, market steady: choice. *10.40 010.76- good. $9.50010.26; fair. S7O 8.26; veal C3lve*. $1001650. Sheep and larrbs—Receipts . light- market higher prime wethtTS. SIOO 10.60: good, $9,25 0 9.76: mixed, fair. s<@Bso: lambs. SIBO 10.50. Hog*—Receipts. 15 double-decks; market steady; prime heavy. $12,350 1250: mediums. $13.15013.25: heavy Yorkers. $13.15013.25; 2>jrt Yorkers. $13.40013.76; pig, $13.40013.75; roughs. $9.60010.25; stags. SBO7. EAST 9T , LOUIS. Jan. 6.—Cattle—Receipts, 3,00(7; market, steady to strong: native steers, $8 0 10.25- yearling heifsx. $7 0 8.50: cows. $500.36; cansiers and cutlers. $3.500450: calves, sl4; sUx-kefl's anand ceipts 17,000; market, strong; heavies, lights. $1L7501256: light lights sll 75 Sheep—Rooeipts. 1.000: market, steady; ewe*. $7 0 8.75: canners and cuttera. $1.50 @6; wooled lambs. $13.76016.75. TOLEDO, Jan. o.—Hogs—Receipt*. 600: market. 26050 c higher- heavies. $1150011.76: medium*. $1201250: oYrkera $12!6013: good pigs. $13,600 14. Oalve*—Market, strong. Sheep and lambs —Market, steady. NURSES WILL MEET Fourth District Association to Have Dinner Tuesday. The first of a series of evening meetings planed by the Fourth District Nursee' Association of the Indiana State Nurses’ Association, is to be held Tuesday, Jan. 12,'at 6:30 p. m. at Maple Lodge, 610 YV. FortySecond St, the former home of the Mutual Service Association. ’Mrs. Edna Nelson, president of the Fourth District Association, said that from fifty to seventy-five members of the organization will attend the dinner. The Fourth District Nurses’ Association includes the following counties: Warren, Tippecanoe, Clinton, Tipton, Fontain, Montgomery, Boone, Hamilton, Vermillion, Parke, Putnam, Hendricks, Marion. Hancock, Henry, Wayne, Morgan, Johnson. Shelby, Rush, Fayette, Union, Brown, Bartholomew, Decatur, Franklin, Jackson, Jennings, Ripley, Dearborn, Scott, Jefferson, Switzerland and Ohio.

BRITISH EXPERT SAYS U.S. GRAIN FIRM IS WRONG Export Corporation Would Have Bad Economic Effect, Dawes Told. Bv United Press WASHINGTON, Jan. 6. Sir Josiah C. Stamp, foremost British economist, believes the proposed government grain export corporation for handling American crop surpluses, as demanded by eleven middle western States, would have a bad economic effect by starting a circle of price Increases, according to an exchange of correspondence between Sir Josiah and Vice Presiden Dawes, made public today. The British economist wrote Dawee: “If the price of wheat is to go up considerably in the United States the cost of living may be considerably enhanced and may lead to a wide circle of demands for increased wages. If this should be so, all cost of production will ultimately tend to rise slightly, and there would follow probably after many struggles or at least protracted negotiations, a division of the product.of industry.” International complications might follow such a movement, he held. “Such a movement would set up many new political forces and lt is very difficult for an observer on this side even to begin to formulate the ultimate outcome,” he wrote. “It is possible al£o that the scheme might have international reactions. There is always a considerable amount of feeling on the question of dumping and it might be alleged that, in effect the schemes constitutes the dumping of wheat on a large scale.” Mr. Dawes, in asking for Sir Josiah’s opinion, wrote: “Personally, I want to be constructive and helpful, but realize that nothing is such in this problem that Is not based ppon sound economic principles and the leesons of experience. A* a frienif I want the benefit of your incomparable economic thought on this question. WILL SEEK ATTITUDE Federation Leaders to Quiz Congressman About HQ. Attitude of Senators Arthur R. Robinson and James E. Watson and thirteen congressmen, on the Dickinson bill, which sets forth generally the plan of Indiana farmers for agricultural relief, will be sought by Indiana Farm Bureau Federation leaders next week in Washington. Perry H. Crane, Federation secretary. said he did not know the attitude of the five new congressmen, but felt certain the others would back the legislation. Directors Tuesday demanded that Congress face squarely the farmers’ problems and administer permanent relief, rather than pass makeshift legislation Uferfiails of organization of the| Farmers’ Finance Corporation, to secure funds to operate cooperative marketing associations, will be presented the Federal Farm Bureau board next week, Crane said. SIB JOSIAH DISPUTED Bv United Press LINCOLN, Neb., Jan. 6.—Th# “very Important point” of whether the American farmer is getting his fair share of the national income is pertinent to the discussion on the proposed export plan between Vice President Dawes and Sir Josiah C. Stamp. Sam H. Thompson, president of the American Farm Bureau Federation declared today. Thompson said: “As has already been emphasized in previous correspondence the ultimate test of the scheme is whether the return on the capital and labor of the fanner is fair and reasonable in comparison with that secured by capital and labor In other spheres." # ___________ Births Girls Georre ami Sadie Frank. St. Vincent'* Ko*pltal. Riles’ and Rebecca Helshman, St. Vincent’s Hospital. ... Floyd and Norma Fult*. St. V.ncent * ll< Raymond and Mildred Ballwe*. Bt. Vincent’s Hospital. _ Rufus and Manrurlto Munford. St. Vincent's Hospital. _ , „ Keller and Flo Moore. St. Vlnoeqt * Hoepital. Clarence and Cora Thompson. St. Vincent’s Hospital. „ . ... Walter and Lorraine Cheek. 126 N. Hard In if. and Cora Field*. 2822 S. Penn--57 WUliam and Anna Williamson. Methodist Hospital. Clifford and Myla Gibson. 1815 Olive. John and Margaret McKinney, 1317 Theodore and Anna Archer. 2029 FemMyron and Bertha Bear. 2005 N. Olney. Harrison and Katy Teal. 422 W. MeCarty. Charles and Gertrude Young. 138 S. Arsenal. Carroll and Gladys Jarvis. 330% Terrace. Robert and Genevieve Carpenter. 940 N. Oxford. Lei and and Mabel Laaley. 746 E. North. Boy* John and Mary Mock. St. Vincent's Hospital. Cornelius and Laura Longhery, SI. Vincent’* Hospital. Joseph and Helen Harris, 9t. Vincent s Hospital. Glenn and Mary O'Connor. St. Vincent’s Hospital. Louis and Golda Herding. 2618 Olney. Alex and Daisy Alexander. 2436 Maaeachueetts. Charles and Agues Kellum, Methodist Hospital. Foster and Louise Jensen. 1819 Tabor. Roy and Virginia Haacwlnkle. 218 Mount. Ernest and Ethel Buhneinr. 2465 Shelby. John and lola Glass. 1793 Perkins. Walter and Mary MatUnrly, 718 Dorman. Oscar and Ida Medari*. 418 8 Addison. Tom and Alma Gentry. 3031 Caroline. Deaths John Shelby. 68. Central Indiana Hospital. cerebral hemorrhage. Oliie Fullen. 28. Methodist Hospital, tuberculosis

Clarence B. Spillman. 63, 761 Roche, chronic myocarditis. Sarah Ann Brady. 66, 2301 B. FortyFifth. pernicious anemia. Glint Martin. 27, city hospital, carcinoma. Helen Beckman McKinney, 93, 1503Central. lobar pneumonia. Inez Grayson. 38. 240 W. Vermont, broncho pneumonia. John Anderson. 38. City hospital, chronic myocarditis. Fred W. Engel king, 04. 1008 Union, oli runic myocarditis. Henry L. Rockener 63. 145 W. ThirtyThird. cerebral hemorrhage. William Grtsuiger, 07 Methodist Hospital. myocardial insufficiency. Harriett Hen ton. 62, Long Homrttal. cirrhosis of liver. Edward Nofflslts. 68. 526 N. Mtasourl, broncho pneumonia. Carrie B. Sanford. 94. St. Vincent Hospital. carcinoma, v Otto Bopp, 38. 301 S. Harris, pulmonary tuberculosis. Ina Lenora Guy. 37. 622 Kovrena, cerebra j hemorrhage. Thomas Franklin Banta, 35. 241 Herbert. cirrhosis of liver. Elnora Louise Burnett. 3 month. 1144 8 Tremont, g astro enteritis. f , • obrwUc

QPHnnT 1 LIGHT _ The Fastest jro. Traveler In the UniHELPS o - l ourrlrht. Coibdlsb’s Fletsred Eneel*p*il* Fastsr* B*rvte*

SlYfc speediest traveler in the universe is light. In the double tick of a clock it can go around the earth more than seven times. Indeed, so fast does light travel that until 250 years ago the best of scholars thought it went instantly from place to place. And, compared to most other moving agents about us, light does travel "instantly.” Sound travels through the air at abupt 1,100 feet a second, more than ten times the speed of the fastest railroad trains; and yet sound seems to stand still when light goes by You see the distant lightning several seconds before you hear the thunder; the sound started at the same time as the light, but the light came “instantly,” as we say But light does not really come instantly. The first person'to show that light actually takes time to go across space was a Danish astronomer, Ole Roeiner. In 1670' he showed, from the motion of the little moons that revolve about the pianet Jupiter, that it takes a longer time for light to come from Jupiter at the season of the year when the earth ia further away from Jupiter than at'the season when the earth Is nearer to Jupiter. It was not, however, until 1849 that a method was found to measure the time that light takes to travel a distance on the earth. This was done at Paris by a Frei.h professor, Armand Fizeau. He chose two high towers or stations something more than five miles apart. At the first he had a bright light ar.d at the second he placed a mirror, which reflected the beam of light directly back to the first station. Then he put at the first station a revolving toothed wh4el so arranged that the beam of light went out through the openings between two teeth. It was reflected back through the same opening when the wheel was at rest. But when the wheel was revolved rapid ly enough the light that came back found that a tooth of the wheel had moved into the place of the opening: thus n ' light could be seen reflected from thu second station. The time which the light took to travel from tha first station to the second and hack again to the first station was thus the time that lt took a tooth of the wheel to move to the place of the opening. By doubling the speed of the wheel. Fizeau could again see the reflected light, because a second opening had now moved into the lino of sight. From a speedometer he could get the number of revolutions of this toothed wheel and thus calculate the time that it takes the light to travel between station* and back. By this and similar methods the velocity of light has been determined with great accuracy. The best measurement Is that made by an American professor, A. A. Michelson of the University of Chicago. ' He found the velocity of light to be 156.534 miles a second.

Eight Minutes From Sun Speedy light Is, the distanoe in the heavens are so great than even to get from the sun, lights needs eight minutes, for the sun is 93,000,000 miles away. To come from the nearest fixed stars, light takes more than four years; and many stars are so distant, that the light that we saw last night started hundreds of years ago. And what is light, this swiftest of all mewengers? We can think of only two things that call travel across space, either matter or motion. That is, we must think 6f light as some fine material substance thrown off by bodies; or we must think of light as a motion set up in some medium. Sir Isaac Newton, the greatest scientist of his day, believed that light was a material substance, and that a beam of lighi was a stream of fine particles. These particles of light, he knew, must be of so much smaller and lighter than any known of matter, that he called them "corpuscles.” Hence his material theory of light was called "corpuscular theory of light.” We now know that Newton was wrong, and that light is not matter. TJien how are we to explain light? Let us go back for an idea to the sport of our childhood. The boy throws a stone into a smooth pond or pool to watch the waves it makes on the surface of the water. These waves go out In circles, and these circles travel outward until, they axe deflected by some # floating plank or perhaps until they reach the shore. In Holland 260 years ago there was a great mathematician and scientist, who found in water waves a suggestio nos what light is. This great man was Christian Huygens, who in 1690 published a book in which we find the wave theory of light which scientific men hold today. Ether Explained Os course light cannot be & wave motion in a heavy substance like water. Huygens said there must be a substance which is far thinner than the lightest gas, a substance which has no conceivable weight, and so fine that it penetrates between the smallest, molecules and atoms, and that spreads through all space to the farthest star and beyond that. The substance Is the ether; The only way we can know ether Is by the

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waves in it, which we call light waves, electric waves, radiant heat waves and X-rays. Professor Michelson, who as we have seen has measured the velocity of light waves with such exactness, has also invented a beautiful instrument which enables us to measure the length of light waves, the “interferometer.” In this instrument two beams of light, traveling different lengths of path, can be brought together so as to produce darkness, that is, so as to annul each other, Now we cannot think of adding together two material substances and getting nothing. But we can think of adding together motions, one up and one down and getting no motion. Thus, if two wave* of light are brought together by the interferometer so that the crest of one wave and hollow of the other Wave fall together, they interefere with each other and produce darkness. This is called the “interference of light.” With the aid of this instrument the small distance between crest and hollow of a light wave can be measured with the greatest accuracy.

Across the Desk With Busy Men Demand for Finer Grades of Paper Increases 5 Per Cent.

By Rader Wlnget D r ~~1 EMAND for the finer grades of paper increased about 6 per cent in 1925 over 1924, according to P. H. Clifford, secre-tary-treasurer of the C. P. Lesh Paper Company. This fluctuation was normal since the demand for the finer grades of paper varies only about' 10 per cent over the year. Summer Is the slack season for moat paper companies handling book papers and the better grades of stationery. j Newsprint dropped $5 a hundredweight on contract near the first of the new year. Thls / quotation was for local supplies only an don contract orders. Book paper has remained stationary over the past year. Prices on all lines of finer material are expected to remain unchanged for at least the first half of the present year according to Clifford. Production at the present time is normal and demand it heavy enough to absorb the output. No down trend in wages is anticipated so that factor is eliminated from the field o fpossibllltles in bringing a general price recession. EHE last half of the current year has been unusually favorable for the distribution of paper and paper products, according to reports to R. G. Dun & Company. Gain in output is placed variously from 10 to 35 per cent. Both fine and coarse grades are in excellent demand. Most factories are operating at or near capacity, with those producing English finish book paper, foundation stock for coating plants and wallpaper factories especially well employed. There has been many fluctuations in price in the past six months, but the market is now quite firm. The present tendency is toward advancement, according to Dun’s Review. Cardboard prices declined during the summer, but roofing papers continued at rather high levels, due to the building trades activity. The coarser grades of wrapping paper are steady, following a reduction earlier in the year. CHURCH TO BE BUILT The city building department. Tuesday issued, a permit to the Knights of St. George for erection of a $15,000 church at the southeast comer of Stuart and Thirtieth Sts. A Feature of This Store Men’s and Boys' AA DRESS CAPS ftndali WiBMSBSWiSair J .IT !Ws Where Washing-ton Crosse* Delaware

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REPORT FAVORS U.S. ATTENDANCE 9 Participation in League Parley Sanctioned, Bv United Press W ASHINGTON, Jan. B.—The rso* lution authorizing appropriation of $60,000 to defray expenses of th* American delegation participating In the League of Nations preparatory conference on an international arms limitation parley today was reported favorably to the House. The vote of the Foreign Affairs Committee to authorize the appropriation, which automatically sanctions American participation In this latest move of the league for World Peace, was unanimous. President CoollUge requested the appropriation several days ago In a special message to Congress. INQUIRY KILLED Bu United Press WASHINGTON Jan. 6.—Tho Senate Foreign Relations Committee i today killed the resolution authorizing investigation into private loans made to United States war debtors by Wall Street bankers and to ascertain what money had been expended to influence the foreign policies of this government. The committee voted eight to three against the resolution. WOMAN GETS PAROLE Governor Aids Mother With Eight Children Dependants. Because eight children are depending on her support, Emma Dalton, of Indianapolis, serving a six-month sentence in the Women's Prison for liquor law violation ,has been pa 1 roled by Governor Jackson. Mrs. Dalton was sentenced in Criminal Court, June 10, and fined SIOO and costs, which she is unable to pay. The fine was remitted. MEDIC SOCIETY ELECTS Dr. A. S. Jaeger Chosen as President of Indianapolis Group. * Dr. A. S. Jaeger is new president of Indianapolis Medical Society. Other officers named Tuesday night at the annual meeting at tho Athenaeum are: Dr. Henry L. Foreman, and Dr. L. M. Dunning, rice presidents and Dr. Lyman R. Pearson. secretary-treasurer.

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