Indianapolis Times, Volume 37, Number 227, Indianapolis, Marion County, 22 January 1926 — Page 23
JAN* 22, 1926
LIGHT WEIGHT HOGS PASS sl3 MARK
LARGE CREDIT > SUPPLY BUOYS WALL STREET But Pressure Is Exerted Against Special Stocks. Average Stock Prices Average price of twenty industrial stocks for Friday, was 153.30, off 1.84. Average price of twenty rails for Friday, was 108.26 off .00. .N'EW YORK, Jan. 22. —Continued strengthening of their position was set forth in the weekly Federal reserve statements, the ratio of the local bank climbing to 8G per cent against 81.8 per cent a week ago and of the system as a whole to 74.4 per cent compared with 72.7 per cent a week ago. This evidence of a large supply of credit for all purposes gave some encouragement to speculative sentiment and the market was slightly steady in the early dealings. However, further pressure was exerted against special stocks and new lows on the movement were seen in a number of issues. U. S. Steel declined % to 132, International Combustion Engine 94 to 5394; American Smelting 94 130%, New York | Central Vi to 127*4Stocks received some stimulation in the late morning from a burst of strength in shares of hard coal, following announcement of negotiations for settlement of the anthracite strike would take place immediately. Lehigh Valley advanced 1% to 81%, Delaware & Hudson 194 to 15694 and Lackawanna I*4 to 14494International Agricultural was one of the few strong spots of the industrial list, gaining 1% to 25%, a record for these shares. Company’s affairs are rapidly improving and directors are expected to take some action toward clearing up preferred dividend accumulations in the near future. V Local Bank Clearings Indianapolis bank clearings for today amounted to 152,174.000. Bank debits for today totaled $6,002,000.
Commission Row Prices to Retailers Fruits Apples—Jonathan. 40-pound basket. $1.730 2: Grimes Golden. 40-pound basl et, $1.75 02: Delicious. 40-pour.d basket. 52.75; W. Bananas, 40-pound basket, 5i.75: King Davids. 40-pornd basket, $1.50: Baldwins $1.75@3: Staymen Wmesa p, box, $3. Bananas—Bc a pound. Cocoanuts —Jamaica. $5.50® 6 for 100. Cranberries Box. 50-pound. slo® 10.50. Grapferuit—Florida. $3.50@5. Grapes—Emperior. lugs. $3.50®3.75. Kumquats—Fla., at- "o@2sc. Lemons —California, box. $4.50® 5. Limes—sl.so®2 a hundred. Oranges California Navels. $4.20@ 5: Florida $4.25® 5. Pears—D’Anjou. box. s6® 6.25. 0 Pineapples—Cuban, art . $3,50®4.50. ■ Strawberries—Florida, t.. sl. ” Tangerines—Fla., ert.. $4.50®4.70. Vegetables Artichokes—Fey California. $1.50® 1.75 dozen. Beets —H. G.. bu., $1: Southern, bu.. $1 Brussels Sorouts Fey. California, pound, 20® 35c. Cabbage—Dan'gh. $65®70 ton. Carrotts—H. H. bu., $1.25® 1.50: Texas bUv. $2 @2.26. . , Cauliflower—Colorado, ert.. $2.20. Celery—California, ert.. $7.50®8: Michigan. ert., $1.75®2. Cueumtiera—H. G.. doz.. $4®4.2-). F.ggplant—Florida, doz.. $2®2.25. Garlic—Fey. California.'lsc lb. x Kale—Eastern bbl., $1,7502.29. Lettuce —Western Iceberg, crate, s4® 4.25; H G. leaf. 15-pound basket. $1.73 @3. ' . Mangoes—Florida trunk. $5.50® 6. Mushrooms—Fey.. 3-pound basket. $1.25 1. .50. Onions—Spanish, ert.. $1.50® 1.60: H (}., red and yellow 100-nound bag s3® 3.25: southern shallots, bbl.. $10.50® 11 Parsley—Fey. It. G.. doz.. 40045 c. . Peas—California, ert.. $6.50 0 7.25. Potatoes— Michigan white. 150-lb. sack. $7(8)7.35: Idaho per cwt.. [email protected]: Ohio. 120-lb. sack $5.75@6. Radishes—Dozen, 50c. Rhubarb—H. G.. bunch. 90c@$l.lu. Rutabagas—Fey.. $1.50® 1.75 cwt. Spinach—Texas, bu.. $1.25® 1.00. Squash—Hubbard, bbl.. $2.2502 50. Sweet Potatoes—Jersey, bu. $2®5.20. Tomatoes—Crt.. six-basket $7.50® 9 Turnips—New H. G.. $1®1.40. Produce Markets Eggs—Strictly fresh, delivered at Indianapolis. 29 @ 30c-. . - _ Butter (wholesale prices)—Creamery, best grade, a pound. 44® 47c; buying price for packing stock. 28c. Poultry—Hens, 26c: Leghorns. 19® 31c: springers, 25c: Leghorns and blacks, 19®21e: young turkeys. 35c: o!p turkeys. 28c: guineas, 35c. Cheese (wholesale buying prices)—Wisconsin daisies. 26c longhorns-. 26®27c: limburger. 27®28c: New York cream. 30 @3l c. % CHICAGO. Jan. 23. —Butter —Receipts, 8,554: creamery. 43%c: standards. 43c: a lirsts. 41® 4144 c; seconds, 38® 40 Vic. m Eggs—Receipts. 8,729: ordinaries, 32® I 33c: firsts, 35 %c. Cheese—Twins. 24%,e: W Americas. 25 %e. Poultry—Receipts. 3 cars: fowls. 34®36%c: springers, 28c; ducks. 30@32c: geese. 20®23c: turkeys, 30® 35c: roosters. 20c. Potatoes—Receipje, 301 cars; no sales: too cold. CLEVELAND, Jan.'22!—Poultry—Heavy express fowls. 27(9*280: leghorns, 23® 24c: springers, 27® 28c: roosters. loc. Butter—Extra in tubs. 46% ® 47c: extra firsts. 42 %c: firsts, 42c: packing stock. 32c. Eggs—Northern Ohio extras. 41c; extra firsts, 37’Ac: Ohio firsts, 36 %e; westemi firsts. 33 % c Potatoes—Ohio,. $2.5002.65; Idaho bakers, $0®5.50 per cwt.: Indiana. 36.50 per 150-pound bag. NEW YORK. Jan. 22.—Flour Quiet, weak. . Pork—Quiet; mess. $37.50. Lard —Steady Midwest, $15.85016.75. Su-gar-Quiet; 96 test. 4.14 c: refined quiet; granulated. [email protected] Coffee—Rio No. 7. Santos No. 4. 24 ®24 V*c. Tallow —DtjII special to extras. 9 ‘i <p 9 •':c. Hay —Firmer: No. 1. $1.40® 1.45: No. 3. $1.1001.20: clover. $101.40. Dressed poultry—Quiet: turkeys. 38 060 c: chickens. 22@40c: capons. 28 0 54c; fowls, 17 0 36c; ducks. 20® 35c: Long Islands. 24c. Live poultry— Firm: geese. 15®22c; ducks. 17®34c: fowls. 26®30c: turkeys. 35@40c: roosters. 180. Cheesy—Steady: Stale milk common to special, 28®29%<v Young Americas. 26 V- fi, 27c. Butter Firmer: receipts. 12,607: creamery extras. 45c: special market. 45 % ®46c. Eggs— Finn: receipts. 20.671: nearby white fancy. 47®48c: nearbv State white, 37® 46c: fresh firsts 37 0 42c: Pacific coast first to extras, 39® 45c: western whites. 36 @ 46c. In the Sugar Market (Bv Thomson Sr McKinnon) NEW YORK. Jan. 22.—Another buying wave in the raw sugar market has spent, itself ami the brief rally which occurred has been checked. Refiners were inactive yesterday and they will probably be much less of a factor for a while, inasmuch as they have covered the bulk of their raw sugar requirements for the next few weeks. Easier prices ill the spo tmarket and a larger volume of selling in futures would not be a* all surprising. The period of peak production is approaching and offer- * mgs are likely to increase as the season ■ advances. Wholesale Meat Prices Beef—Native steers. 600 to 800 lbs.. 19 020 c: fores under carcass. 2c: hii.de ever carcass. 4c: native lieilers 300 to 450 lbs. 17®29c: fores under carcass 3c: hinds over carcass. 3c: native cows 400 to 700 lbs.. 12%®13%c: fores under carcass. Ic: hinds over carcass, 2c. Pork " Dressed hogs. 140 to 20(1 Ihs , 20 % c tegular menu' liam*. 4 lo 14 lbs 17® 19®e- lresh lenderimns 45e. Vea( r ;,r..H-sns :o to 300 -h* •.’o@'M< hinds end saddles pier cqrccss. 7c: fores under ecrcii'S 5c Mutton—Soring lambs 35 to 40 lbs- 31 c
New York Stocks IBv I'bomsuti A McK:miim >
—Jan. 224Railroads— Prev. High. Low. 1 :00. close Atchison ..131 129% 131 12lV.it Atl Csl L.. 241 238% 241 238% B & O ... 89's 88Vi 89 88% (Janad Pac 4 47% ... 147% 117% C & O ...1*514 114',a 1 15V-j 115 C & KW Ky 73 . . 73 73 % C R I & P. 57% 56"i 57% 56% Del & Hud. 155 153% 155 155 Del & La0.144% 143% 144% ill Erie 34 Vt . . 34 34 '4 Eric Isi pfd . . ... ... 4! '... Wit North of 73'.i 72% 73% Lehigh Yal so . . 80 80 L A- N ...130% 127% 130% 138% Mo Pac pfd 85% 84% 85% 84% NY tent.. 128% 137% 128% 128% NY NH & H 41 14 40% 41 40% North Pac. 72 .. 71% 73% Nor Sr Wn 153% 151% 152% 152 Pert Marq... ... ... 83 Penns.v ... 52% 53% 33% 53% Reading .. . 85% . . 85% 84% So Railway 114% 113** 114% 114 Sou Pacific 100 . ■ ■ 100 100 St Paul . . . 12 11% 1 I % 13% St Paul rif 18% 18% 18% 18% St L 4 )1V . . ... ... 64 ' > St L A S F 99'- 98 % 99 % 98% I'll Pacific 144% 144 144 V. 145 Wabash ... 16% 45% 46% 46% Wabash pfd 74 Vj 73 % 73% 75 Rubbirs— Fisk Rubhr 23% ... 23 % 93 b. Goodrich R 61% .. 61% 80 T{ Gcod.vr nfd . . . . ... 103% Kelly-Spgfld ... ... 17% C S Rubber 86% 85 % 85 % 85% Equipments— A C and. F 110 ... no 110 V, Am Stl Fdy 44% 14% *, 44% Amor Loco 112*7, 111 *i Illy. 111% Raid Loco .128 127 127 I‘’6% Deri Elc,. . .336% 333% 334 333 Lima Loco 64% 64 64% 64 Pr Stl Car. 7. % ... 71 % 7° Pullman ..169 . 169 ‘ 168 Rv Stl Slur 72 % 79 7" % Westh Abk 117':. 117 117% 111! Wes til Elec 72% 72 721) 72% Steels—^ Eethleliem . 47 4t| (: 17 46% Colo Fuel .35 ... 3,, ;;5 ‘ Crucible .... -1,: G tlf States . . ' ’ so A P R c & 1 45 'i 43 % 45 43 fi Rep I& S 57% 57 57% 56 < Sloss-Slief 121 . . lhl i!-i U S Steel .133% 132% 132% 132% Vanadium .30% ... 30 % 30% Motors— Am Bosch. 28 % ... 28 % 28*5 Cljatid Mot 47 47 47% Mach Mot 138 135% 137 1 4 143% Martin Pry ... 20% Chrysler . 47% 47 37% 37% Hudson .108% 107% 107% 107% Moon Mot. 32 ... 32 32 Stlidebaker. 56 '■ - 56% 56% 66 % Hupp .... 25 Vi ... 25 2.5*4 Stew Warn 85% 82% 83 % Timken .. 53% ... 53% 53 Willys-Over. 28 % 28", 28% °8 % Pierce Ar. 37 % 36% 37% 36% Minings— Dome Mines 16 % 16 5$ 16% 18 % Gt Na Ore 26% 25% 26% 25% Int Nijkel 41% 41 41% 41%
GRAIN FUTURES LOSE SLIGHTLY Speculative Trade Favors Selling Side. Bv United Press CHICAGO. Jan. 22.—Fractional recessions were recorded in grain futures trading at opening of the Chicago Board of Trade today. It was apparent that speculative trade favored the selling side of wheat unless buying improved. Coarse grains reflected* the decline in wheat. Buying against privileges prevented more severe breaks in wheat. Eastern houses resumed pressure because of further declines in Liverpool and flat export demand. The weakness in wheat was responsible for a slight dip in corn at the outset. Oats trailed other grains. Provisions held firm. Chicago Grain Table WHEAT— lan ' lYev. High. Low. 12:00. close. May 1.73% 1.69% 1.70% 1.73 Vi May (old). 1.71% 1.68 1.68% 1.71 July 1.50% 1.47% 1.47% 1.50% Sept 1.42 1.39% 1.39% 1.42 CORN— May 84 .83% .83% .83% July 86% .86*5 .85% .86 Sept $7% .87% .87% .87% OATB—July 45% 44% .45 RYE—t May -4.0(1 % 1.05 1.05% 1.07 July 1.06 1.04% 1.0-1% 1.06% LARD— Mav .... 15.61 .... 1o.;k 1.>.,->5 July 15.80 15.70 15.70 15.67 RIXS . May 16.20 CHICAGO. Jan. 22.—Carlot receipts were: wheat. 18: coni. 215: oats, 61; rye. 4. Indianapolis Stocks —Jail. 22 — —Stocks— Bid. Ask. American Central Life ....200 Am Crt-osoting Cos pfd 100 Advance Rumely Cos com... 16 Vi 17 Advance Rumely pfd 56 57 Belt R R com 68 72 Belt R R nfd 54 Cent Ind Power Cos pfd. ... 88 90 Century Bide pfd 00. . ■ Citizens Gas Cos com 41 43 Citizens Gas Cos pfd 105 CommonweWth Loan pfd. . . 98 ... Equitable Securities com... 51 ... 00k Drug Cos pfd (class A) 25% 28 Indiana Hotel com 100 ... Indiana Hotel pfd 100 ... Indianapolis Gas - . 55 60 lndpls & Northw pfd 30 ... Indpls & Southeast pfd 20 lndpls Street Railway .... 48 % 50 Interstate Pub 3 prior lien. 98 103 Merchant P Util Cos pfd. ... 97 ... Public Savings Ins Cos 10 ... Rauh Fertilizer 48 ... Standard Oil of Ind 65 - . . . •Sterling Fire Ins 12 ... T H I * E com 3 5 T H I A E pfd 32 35 T H T and Light Co* . 93 97 Onion Title com . . . 99 101 Union Trac of Ind com Union Trac of Ind Ist pfd. ... 10 Union Trac of Ind 2d nfd. . $ Van Camp Pkg Cos pfd. ... 15 ... Van Camp Prod Ist pfd ... 92 . 99 Van Camp Prod 2d pfd. ... 91 94 Wabash Ry Cos com , ... Wabash Ry Cos pfd 73 ... —Bond— Belt R R and Stks Yds 4s. . 87 ... Broad Ripple 0s 70 ... Citizens St Ry 5s 81% 83 Ind-an a Coke and Gas 69.. 94% 96% Indiana Hotel 5s 97% ... Ind Northern 5* 3 ... Ind Ry and Light os 92 Vi ■ • Ind Union 5# 3% ... Ind Col Sc So 6s . . 96 100 lndpls Gaa 5s 96 % 97% Indpls Lt and Ht or. ... 99 % 100 % lndpls & Martinsville 6*. ... 45 ... Indpls Northern or, 26 30 Indp's Sc Northwestern ss. . 01 63 Indpls A. S E 69 5 Indpls Shelby & S E ss. . 4% 10 Indpls St Ry Is 61% 02% Indpls Union and Term ss. . 90 93 Indpls Union Ry 5s 100% ... Indpls Union Rv 4%s 99% ... Indpls Wtaer Wks Sec 95 ... Indpls Water 5%s 103 104 Indpls Water 4%s 93 Interstate Pub Serv 6s. ... 99 101 Interstate Pub Serv 6',is.. 101% 104 T H I S B 5* 70 75 T H I and Light 91 Union Trac of Ind 6s 21 23 —Bank Storks— - Aetna Trust and Sav Cos. . .112 Bankers Trust Cos . .128 City Trust Company ..... .141 . ... Continental Trust C0...1.. 108 ... Farmers Trust Cos 235 Fidelity Tr Cos 154 Fletcher Amer 153 ... Fletcher Sav and Trust Cos. .335 . . Indian* Natl Bank 359 266 Indiana Trust Cos 333 231 Live Stock Ex Bank 160 Marion County State Bank. .160 Merchants Nat Bank .310 Peoples State Bank 215 ... Security Trust 215 . . State Sav and Trust 50 55 Union Trust Company ....344 400 Wash Bank and Tr Cos 150 —Libert, - Bonds— Liberty Loan Ist 3%s .. 100.10 100.12 Liberty Loan Ist 4%s .. 101.90 .102.06 Liberty Loan 2d 4%.- .. 100.70 100.80 Liberty Loan 3d 4% .. 100.90 101.00 Liberty Ixian 4lh 4%s .. 103.16 102.26 17 S Treasury 4%s 102.16 102.26 U S Treasury 4s 103.20 103.30 —Sales—sl,ooo lndpls St Rr 4s ® 62 lo sli Indpls St its ® 48 19 )'i Inlpls St Ry (i *9 10 sh Indpls St Ry @ 48%
Tax GAS 123 ... 122 % 123 Coppers— Am Smelt 131% 130% 131% 131 Anaeoiiua. . 47% 40 % 47 47% inspiration. 24 ... 34 34 Kennecdtt. . 54 % 54 % 54% 54% Ray 11 % ... 11% 11% U S Smelt .56 . . . 45 % 46 Oils— Cal Petrol 31% ... 31 31% Mid Ct Fete 33 't> .. . 33 % 33 % Houston Oil 65 •% 04% 65 % 65 Mar.ami Oil 55% 55% 55% 55% P-A Pete. „ 66 ... 66 67 P-A Pete B 68% 67% 68 % 07% Pacific Oil. 77% 76% 77% 70% Phillips Pet 43 % 42% 43% 43 (Jen Pete. 56% 56% 56% 56% Pure Oil. 29 ... 29 ,29 Royal Dute 53% .... 5.1% >53% Stii Oil Cal 56% 66% 5*W? 56% Std Oil NJ 43% 43% 13% 43% Sinclair . 21 % 21 31 % 21 Texas Cos. MV, 51 51 % 51 Indp Oil .28% ... 27% 28% Industrials— Allied Chin 114% Ua%* 114% 113% Adv Rumely 16% ... 16% 16% ALis-Chalm. 90% .. 90*. 91 Amer aC’ll 281% 280 % 281% 280% A HAL pfd 00 % ... 60 % 60 % Amer 1ce.... . . ... 126 Am Woolen 38% .. . 38 *s 39 Ceil Leath ... ... ... 18% Coca Cola ... ... 147 Congoleuin 16 7 > . . . 16% 16% Cont Can . . 84 % 84 % 84 ' - 84 Dupont .. 219%' 218 % 219% 217% Fam Play 104 % 104% 104% 104 G Asphalt. 65 ... 65 65 Int Paper,. 56% . . 06% 56 lilt Ilarv.. 125% 124% 1244 k 125% May Stores ... ... ... 178 Mont A W.. 73% 72% 73% 73 Nat Lead. 163% ... 163% 166 Owen But. . . ... ... 63 Radio 42*4 42% 41% Sears Roe. 217 . . 217 218 United Drg 153 1.32% 153%, U S In Alto 63% 63% 63% 63% Woolworth 201 199% 201 208 l tllitle*— Am TA T >143% 143% 143% Con Gas 97% 97 97% 97% Columba G 85% . . 84% 8.5 People G.. .. . ... ... 118 Wes Union 133% ... 139 % 139% Shipping— Am Int Cor 43 42% 43 42% Am 8 A C -5% ... 5% .5% Atlantic G.. 61 60% 61 60 In M M pfd 40 38% 39% 37% United Frt ... .. . . . 244 Foods— Am Sugar. 74 % 74 % 74% 74 Am Bt Sug 32% ... 32% 33% Austin N.. 25% ... 25 25 Corn Prod. 40% ... 4040% Fleischman. 52% 52% 57 % 52% C-Ani Sug.. 27*4 26% 27% 36% Jewell Tea 26 % ... '.’6 % 26 % Punta' Ale ... . . 43 43 Ward Bak. 81 80% 80% 80 Tobaccos Am Suroa ... ... .. . 11% Am Tob,. 115*4 115*4 11-7 Mi Gen Cigar 110 . 110 110 Tpb P (Bt 98*4 96** 98 98% Lorillard .. 37% 37 >4 37% 37% U Cig Stor 85 . . 84 85 % Schulte .. 136% 135% 136% 135
CIVIL WAR SEEN IN MEXICO IF U. S. CUTS TIES Times WaxbinotoH Bureau. lS2i .Veto York Avenue. WASHINGTON. Jan. 22.—Another revolution in Mexico Is virtually certain if either one of two things—now threatening—-nappen.s: First, if the United States bf'calt* with the Calles government, or Second, if the United States forces the Calles government to trim its sails to conform to Washington's bidding. Two popwerful factions —the extreme reactionaries and the ultra radicals—are waiting for a chance to revolt against President Calles. Between the two stands Calles and his backers. People who know him say he is honest, capable and desirous of doing the right thing ultimately, both by foreigners and his own people. But it will take time. The reactionaries hate him because he opposes single farms big as States, and because he is trying to make it possible for the peasants, now in misery, to have a few acres of ldnd of their own to till. The agrarian extremists hate him, because he is not working fast enough to suit them in the distribution of land. Illiterate most of them, they had a half-baked notion that they would go to sleep in poverty one night and wake up in the midst of plenty the next morning. When this did not happen they blamed Cailes. Thus president Calles stands between two fim. A third has just been kindled under hint. Secretary of State Kellogg has warned him a second time to watch his step or take the consequences. The exact wording of the tvarning is still a secret, but it is said* to be pretty stiff—similar, in fact, to the sec retary's crackling, ultimatum-like note of last summer. That note warned Mexico that Americans were not getting the consideration hoped for; that there ha<J been reports that another revolution might be brewing south of the Rio Grande, and thirdly, that the United Stages would continue to support the present government only so long as it lives up to its international obligations. The present row is heally a revival of the one which began shortly after the new Mexican constitution of 1917 was promulgated. Various articles in that constitution, notably Articles 27 and 127, were considered menacing to American interests. For that reason, Washington did not recognize Mexico until August, 1923, and then It was with the understanding that the objectionable features would be eliminated.
GRAIN DEALERS OPPOSE fIRM Opposition to the creation of a Federal grain marketing corporation as proposed by farmers’ organizations of many middle western States was contained in Grain Dealers’ Association resolutions adopted at the twenty-fifth convention at the Board of Trade today. “We favor free open markets and complete competition in the marketing of farm products on the basis of a profit consistent with the hazards of tfhe business and the capital involved,” the resolutions read: “Indiana’s corn fields make Cuban sugar Importation unnecessary,” Dr. Barnard, formerly of Indianapolis, said in a speech urging that the corn surplus be converted into sugar, dairy products and vegetable oils with “profit to the grog-er and saving to the consumer." E. K. Sowash, Crown Point, was re-elected president, others re-elected: Walter Moore, vice president; Bert A. Boyd, treasurer, and Charles B. Riley, secretary. H. W. Reiman of Shelbyville, and Bennett Taylor, again were named directors.
THE INDIANAPOLIS TIMES
Low Receipts and Higher Competitive Markets Force* Rise. —llog l‘r;rt- Day by Day— —m Jail. Bulk. Top llecetpu 16. 12 1.5® 13.1.5 13.15 8,.)00 1.8. 12.35 @ 13.25-43.25 4.1*00 19. 12.1.5® 13.15 13.1.5 5.506 30. 11.90® 13.90 12.90 8,500 21. II 7.5 012.75 13.7.5 5.500 22. 12.10® 13.10 13 10 4.500 Prices on lightweight lu-g-s, qgain passed the sl3 'mark '‘today at the Indianapolis Livestock Exchange. Lights, light lights and pigs were all sold ai $13.10. Light receipts, estimated at 4,500, was a big factor contributing to the rise. Higher prices in other market centers also, boosted values in the local yards. Holdovers from the previous trading period, numbering 961. were added to the total fresh receipts. The bulk of the matured hog sales were made over the wide price spread of sl2.lff to 13.10. Demand was rather heavy and the majority of the hogs were sold soon after the market opened for business. Ilog Price Scale Trading was done over the following scale of values: heavyweight material was sold at $12(6 12.35; medium stuff moved at [email protected]; lights and light lights commanded a price of $13.10; pigs brought $12.75 @13.10; smooth' packing osws averaged $10.75@11; rough packing sows cashed at sio@ljbso. and stags were sl%® 10. Cattle trading was hampered by the lack of material. Receipts were estimated at COO head of cattle. Prices were steady, however. Steers were priced at s7@ll, heifers were ’ quoted at [email protected]. and prime fat | cows were price $7.50@8. Calves Are Strong The trend of prices in the sheep and lamb division of the exchange was mixed. Sheep remained lully steady. Native lambs were slightly lower and were priced from sl4 to $14.50. Western stuff was off fully 25 cents and quotations were $13.50 to sls on the prime quality material. Receipts estimate at 400 and were not heavy enough to establish a definite trend. Early trading was quiet. Calves werfe strong to 50 higher and the bulk of material estimated at 600 veals was sold at sls to $15.50. Best Veals were steady with Thursday’s quotations and sold at $15.50. Thy bulk of the sales were about 50 cents higher than the previous day. A good demand was the cause of the upturn. II OR* Heavies $12.10012.35 Mediums 17.35012.60 Lixfit hosts 1 12.10. Lieht lixhts 13.10 Ififr* I 12.75013 10 Smooth sows 10.750 11.1)0 Roux it sows . V 10.00 @10.50 Slat:* a B.oo® 10.00 —Cattle— Good to choice (at steers... $10.50 ®ll 00 Medium and xood strrrs. ... 8 00® 10.00 Common steers 7.00® h.oO Choice hetle."s 5.00® 9 50 Common to fat heifers.... 300 St 5.00 Prime fat cows 7.50® 8.00 Canners and cutter cowe. . . 3.75 0 54*0 Best veals .”$15.50 Bulk of sales 15.00015 .50 Medium calves 11 00 0 13.00 Common calves 7.00 0 9.00 —Sheen and Lambs— Choice western lambs ~...514.50015.09 Choice native lambs 14 00® 14.50 Good to choice sheep .5.00® 8.00 Fair* to medium 4.00 0 5.00
Other Live Stock CHICAGO. Jan. 22.—Cattle —Reoef pt*. 32,0(10; market, beef steers and she-stook generally steady; quality plain; mostly lat steers. |s..VHn ln.jil; most long’yeailing. SIO.80: Hto,-kers and feeders, very steady; bulls, steady to weak; vealers, 2o to Me lower, mostly 60c lower; bulk. *l2 Wl3 to packers, few *13.50; outsiders paving upward to *l4 for odd lot*. Sbs—p —Rt-i eipts. 8,000 all classes opened steady: several double* fat lambs to shippers. $15.25: rho ; oe feeding lambs *ls® 15.25; odd lots fat ewes. 58.50 ft A. Hogs —Receipts. 25.(HH>: market 25c up. underweights. 250.30 c lip: top. Sl3 for 130 pounds up; bulk. *II.BOO 12.00 hes-vy weights. *11.75® 12.10: medium weights. *11.90 012.59: IlgntweiyhU. *ll.*o® 12.75; Tight light*. *11.50® 13: packing sows 510.50.ti1.25: slaughter pigs. *13013.25. EAST 6UFALO. Jan. 22.—Cattle —He. ceipt* 525; market,_Jairly active, steady; shipping steers. 95.50® 11.50; butcher K-adew, 56frit; cows. 82.25 ui 7. Calve* — eceipts, 30(1; market, slow and steady: cull to choice. 54 a<l6. Sheep and lanvb* —Receipts, A,600: market slow, lambs 25c lower: choke lambs. sls (a 15.25: cull to fair. s!)ft 14: yearlings, $9013: sheep. $4 'n 10.50. Hogs—Receipts 5.120; market active, 25 ft 50c higher: Yorker*. sl3lO 13.25: pTgs. $13.25fr 13.50: miexd. *12.75 013; heavies $12.25® 12.50: roughs. $9 ®10: stag*. $6.50® 8. CLEVELAND. Jan. 22. —Hogs—Receipts, 2,000: market. 25® 60c nigher; Yorkers. sl3: mixed. $12.50® 12.75: mediums. $12.25; pigs, sl3- roughs. *9.50; stags. 56.50. Cattle—Receipts. 300: market. slow: good to choice bulls. *BO 7.50: good to choice steers, 59 ft 11: good to choice heifers. $8 ft A.50; good to choice cows. ss.sofi 0.75: fair to good cows. 54 ft 5.50; common cows. 52fi4; milchers, sso® 100. Sheep and l^nibs —Receipts, 300 market 25c higher: top. $15.25. Calves—Receipts. 300; market. 50c higher; top. sl6. EAST ST. LOUIS. Jan. 22.—Cattle Receipts, 800: market nominal; yearling heifers. *7.50®8.60; cows. 55ft6 25; canners and cutters. $3.75ft4.50: calves. *l4. Hogs—Receipts. 10.000: market 10 ft 25c higher: heovie*. *l2® 12.35; mediums. $12.15 ft 12.50: light*. $12.35 ft 12.A0; light lights, *12.60 ft 13: packing sows. slo® 10.75; pigs. $12.50® 13: bulk. *12.35 ft 12.85. Sheet)—Receipts. 250; market steady: ewes. $7 0 8.75: eanners and cutters, 51.50®5: wool lambs, 513 014.85. PITTSCBUKGH. Jan. Q2.-^attle—Re-ceipts. light; market, steady; choice, $16.20® 10.50: good. so.sof> 10: fair. $7 0 8.25: veal calves. $15015.50. Sheep and lambs—Receipts. 6 dcublc deckers: market, steady: prime wethers. slo® 10.50: rood. so.‘2s® 9.75: fair mixed. 57 ft 8- lambs. sl3 ff 15.75. Hogs—--15 double deckers: market, higher: prime heavy. $12.40® 12,60: mediums. $13.25ft 13.60: heavy oTrkers. *13.25013.50: light Yorkers. $13.25® 1.3.50- pigs. $13.2.' 013.50; roughs, $9.25010.75: stags. $6 @7. CINCINNATI. Jan. 22.—Cattle— Receipts. 350: market, steers and heavy heifers. dull: shipping steers, good to choice. sAf< 10. Calves—Market, steady: good to choice. *14015. Hogs—Receipts. 2.500; market, slow. 25c higher; good to choice packers and butchers. *12.76012.90. Sheep—Receipts. 150: market. steady: good to choice. S6OB. Lambs,—Market, slow: good to choice. sls 015.50. TOLEDO. Jan. 22.—Hors—Receipts, light: market. 2oe up: heavies, $l2O 12.25 mediums. $12.000 12.75: Yorkers, $1,3.85013-: good Pig*. $13013.25. Calve*—Market, steady. Sheep and iambs —Market, steady. sislertsT record good Young Manager .300 Hitter With Exception of First Year. Bu XEA Service ST. LOUIS, Jan. -22.—George Sisier, manager of the St. Louis Browns, has been in the big leagues since .1915. And outside of his debut season, when he played in only about half the games, never has finished below the .300 mark in batting. Sisier had his best year in 1922. hit .420 that campaign, equaling Ty Cobb's American League record for sticking proclivities. Cobb set his mark in 1911. Sisier, besides being a star 4Hibher, also has clone tvell as a run-getter and baae-stealer. He has passed the century figure in bringing counters over the plute on several occasions and in 1922 topped the pilferers with 51 swipes. \
Heads Journalistic Body Alumni
IS
Edwin V. O’Neel, new president of indiannpolis Alumni Chapter of Sigma Delta Chi, journalistic fraternity.
Across the Desk With Busy Men Weather Important Factor in Determining Food Prices.
*By Rader Winget rrra FATHER is one of the great-' \X/ est factors In determining T ' the price trend of wholesale food articles. This necessarily applies to retail food prices also. When • asked, “What causes flue tuations in livestock quotations?” traders invaribly answer, “Supply and demand.” But "supply and demand” are con trolled by the weather. The public eats certain foods during hot weather anil the same foods are forgotten during a cold spell. Citrus fruits are bought in great quantities during a hot sultry spell and practically all that* can lie shipped into the city are consumed. Prices are boosted accordingly. At the peak of the heat wavq during the past summer wholesale lemon prills were boosted to sl3 a crate, at the present time lemons are wholesaling for $4.75 a crate. On the stands at the city market lemons sold at 50 cents a dozen in mid-summer and the quality of the fruit was not very good considering the value placed on them. People bought 'enions in large quantities and took any quality they could get. Today on the stands of the city market good lemons are priced at 15 and 20 cents a dozen and very few takers are found at this price. The weather w*as the determining factor in the price trend.
—rraHEN the mercury in the VY/ thermometer scurries toward "* the zero mark the general public finds it must eat more pork. But when the same column in the thermometer soars the demand lor pork falls. Prices are directly with the demand caused by the weather conditions. The demand id not always the determining factor because the supply of a certain material plays just as important a part in price trend. Here again, the weather is called to account. A cold snap will bring heavy receipts to the local livestock, exchange. but if a sudden thaw occurs the reqpipts fall off. The cause is obvious to the experienced trader. Hard frozen roads enable farmers to truck hogs and other livestock easily, but the thaw causes the roads to become soft, impeding travel. EHERE was k in construction activities in IndianapoHS' during the latter part of 1925, as compared to the first part of the year, according to the annual summary in Dun’s Review. The average of the entire year, however, was not much below the 1924 totah Homes and apartment buildings topped industrial buildings in the scale of building and construction. Money has been plentiful for building operations and In most cases the larger structures are financed by issues of preferred stock. This stock sells freely to Investors on a basis of 6 and 6*£ per cent interest. Demand for building material !s active and this makes a tendency toward higher prices. There is an ample supply of labor and the scale of wages is materially the same. BURNS SUPPER WILL BE GIVEN Caledonian Club Plans Annual Concert. The Indianapolis Caledonian Club ‘will give its annual Burns supper and concert in honor of Robert Bums, at the Tabernacle Presbyterian Church at 6:30 p. m. on Jan. 27. Thomas R. Johnston, committee program chairman, announced the following program: Opening Remark*—George K. Henderson, President Indianapolis Calendonia Club "There Was a Lad . “Cam Ye by Athol” f "Braw, Braw, Lads" Miss Martha J. MacDougatl ‘‘Com Rifs' __ ‘‘MacGregor’* Gathering ‘ Thomas R. Knox Hielan Flin Charles J. Johnstone “110. ’ “I Loved Her Ever Since She Was a Baby’’ "Be4la the Belle O'Dunoon. " Harry Simpson Address —‘‘He Who Writes the Song of a Nation" Dr. Frank S. C. Wick* *'Within a Mile of Edinburgh Town.” “O’Wliistle and I’ll Come to Ye." "Loch Lomond” ....... Frances Johnson "To a Mouse." “A Man’s a Man" Charles Arthur Sword Dr nor. ..... Char'es J. Johnston.' • Willie Sre-v'd 4. Pivk o'Maut". . Meaeir. Knox. JohnKtdnc and MaeDoutrall. "Aui Ln-r span.” Audience Churle* F. Hansen a* tils Piano.
LOWDEN JOINS COOLIDGE SIDE, FARMERS FEAR Disappointed by Speech at Urbana —Offers Little ' More Than Jardine. Bu United Press URBANA. 111., Jan. 22.—A Federal farm loqn board- and an effective organized agriculture, working together, offer the principal solution to the perplexing surplus crops problem, Frank O. Lowden, former Governor of Illinois and student of agricultural problems, told the Illinois agricultural association convention today. Farm leaders and many delegates expressed disappointment with Lowden's speech, holding he offers little more than Secretary of Agriculture Jardine suggested In his speech here Thursday. Anti-admin-istration farm leaders declared that Lowden appeared to have aligned himself with President Coolldge, who is opphsed to the proposal for organization of a Federal board to handle the surplus crops. Lowden declared that a surplus is necessary if the world is to be fed and clothed. “The Nation, however, should employ this abundance wisely and prudently. It should hold sufficient for its own needs as against a less fruitful tiipe and it should aim to dispose of the surplus beyond that in the markets of the world upon the most advantageous terms possible,” Lowden (yaid. “The problem is how to attain this farmer cannot do this alone. If the producers of any farm commodity were completely organized, it is conceivable that they might accomplish this very end. Their collective credit would enable them to store and hold for less bountiful years such of the surplus as prudence dictated. They would then consider collectively-the most profitable disposition in the .world’s markets of that portion remaining.”-^
DURKIN’S LOVES TIGHTEN NOOSE (Continued From Page 1) of the harm hero worship and mistaken sympathy can do. They fear the effect on the jury and on the youth\of the country in general. They take the position thWt public acclaim accorded Durkin will encourage impressionable boys to taKe criminal pursuits. , Durkin, however, -won a minor victory when Judge Harry B. Miller allowed him more time before entering his formal plea to the charge of murdering Edward O. Shanahan, the Federal agent. He ordered Durkin to be back in court a weelc from today. News that Betty had foresaken him shook some of the bravado out' of Durkin. It cast a shadow over his jail cell which his brighest smiles could not dispell. Sure of Her Loyalty Ever since his capture Martin had boasted that Betty would be loyal to him —that “she would die rather than squeal.” Even though he had left her alone in the city with a baby she claimed was his while he ran off and married Irma, he was confident she would forgive and remain true. But Betty saw the beautiful bride that Marty had chosen and decided against loyalty for the man she had protected in many of his serious scrapes. “I want to stay in the custody of the State’s attorney,” were the words that revealed Betty’s decision. She spoke them when Dqrkin’s msther tried to have her released so she could not be forced to give evidence against him. The words indicated her intention to. give State’s testimony. “So they have made you bitter against me, have they?” Durkin pleaded. “They? They? You did it yourself,” Betty retorted and turned away. Irma, however, despite the plans to annul her marriage, reiterated that she would stand by her gunman husband. She was still held In technical custody. She has regained some of the composure she lost when first thrust into onotoriety. “He is my husband. He has been good to me. That is enough for any girl,” she said.
Births llo.v* Martin and Ruth Lammeis. Mcthodit Hospital. . , . Elmer and Katie Kevstone. Joseph and Gertrude Gullion. 826 Coffey. William and Cora Sncdcker. 819 Buchanan. Fern and Sadie Howard. 345 Orange. Carl r.nd Cora Psprel. 1918 Union. Homer and Anna Kividem. 300 Terraco. Girl* Dewey and Laura Steward. 425 S. West. Gustave and Edith Lang. 2871 N. Sherman Dr. Antonio and Josephine larmar.o, 945 Elm. Joseph and Charlotte Conner, Methodist Hospital. Charles and Luella Wilson, Methodist Hospital. l Deaths "•Leroy Hal oh Langdon. 4, Methodist Hospital, peritonitis. Harry Caldwell. 55, 1233 Yandes. acute myocarditis. Margaret Kehoe, 70. 109 N. De Quincy cerebral hemorrhage. Emma Jean Albright. 33. Methodist Hospital, carcinoma. Florence Kigtr. 55. St. Vincent's Hospital. Vincent’s angina. Albert Eugene Glviden. 3 days. 306 E. Terraco, premature birth. Emma V. Bowman. 7<f. 800 N. Goodlet, apoplexy. Howard Malone. 72. 4509 W. Morris, arterioreclerosis. Anna C. Gregory, 05. 1321 N. Meridian, carcinoma. __ „ , „ ~ „ iv-ott Hanison. <O. Central Indiana Hospital. cerebral hemorrhage. —DETOUR ON ROAD 1 State highway commission officials were notified today that a one-mile stretch of State Rd. 3, near Scottsburg, has been undenuined by high water, necessitating a detour over county roads. Local Wagon Wheat ' UKliananolt* mill* and rraln elevator* arc paying $1.82 for No. 2 red wheat. Otr.„i krails* 014 iheir mrn SHIPPERS’ FORECAST Wen, north and east, 10 below zc.ro: south, above zero. Ss* . -- A- !>>>:
SCHOOL JAMES A. GARFIELD -rV-ir*/ o —Tl;e Second President 1-1 FT P\ Who Was Assassinated. r ' t'ODjrixht. Compton’* l‘ii-tur<-6 Emrfloprdla Feature Sereli-e
crzHEN Garfield was assasi|\Y/l nated on July 2, 1881, many L TT J comparisons were made between his life and that of Abraham Lincoln, the first "martyred president.” Both were “self*nade men.” Both were born in log cabins, and endured in youth the privations which accompany farm life on the frontier —Lincoln In Illinois. Garfield in Ohio. Asa young man, Lincoln took a flatboat down the Mississippi River; Garfield at about the same age served on a canal-boat on the Ohio and Pennsylvania Canal. Though Garfield was a tireless reader from his earliest days, his youthful ambitions were not along the lines in which he made himself famous. At 17, with his mother's consent he tramped across the country to Cleveland, and Tried to ship on a lake-boat. The captain drove him from the deck and the disappointed lad had to content himself as stated with a job on a canal boat, driving the mules along the tow-path and acting as deck hand. A lucky attack of sickness sent him home, and his ambitions were turned to higher fields. By the time ho recovered his mind had been set on becoming a teacher. He worked his
Mother Plans Home-Coming foi; Son Boy, Injured in Explosion, to Leave for Indianapolis Monday.
"Francis is coming hornet^’ Many times a day the walfa of a little house at 434 W. Raymond St. resound with this announcement. Mrs. Margaret Murray Long, mother of Francis Murray, 16, whose hands were amputated after a Houston, Texas, explosion, and tvho has been separated from her for thirteen years, counts the hours. Francis became separated from his mother when she ivas forced to place him in an orphanage follow!?!!? death of his father. The boy, accompanied by a nurse, will leave Houston Monday. The mother is planning his homecoming. “Every one has been so kind I'd like to give a big dinner for him —and invite all,” she said. "Just think, I don’t know’ what that dear boy likes to eat —my own boy.” With His Brothers "On-account of nurse, I suppose Francis will have his bed downstairs at first, but after that, I’m planning to have him upstairs with his brothers. I don’t want him to be lonesome —ever again," she added. Three small half-brothers whom he has never seen, and his stepfather, Otven Long, are looking forward to having, the boy in Indianapolis’. Orville, 7, has a tin automo'-" bile, which he has carefully preserved since Christmas “to show big brother Francis.” Le Roy, 10, can scarcely tvait to question his brother. “FYancis knows all about the West and about cowboys, I bet. I’m going to find out all about them,” he announced. I 00k on Bright Side The family refuses to look upon any but the bright side of FYancis’ accident. “It’s terrible, of course,” the mother has said many times, “But I always remember that if It hadn't happened, we would never have met again In this life —that’s almost certain and it consoles me. We won’t let this spoil his life. As soon as he gets here, we’ll try to make him forget it.- We're planning all the time/’ Francis, anxiously waiting in a Houston hospital for the day of his departure, is planning, too. He knows extensive plans have been made for his return, and artificial hands will be bought him here. “I want to be a lawyer or a history teacher*” the boy said. "I can’t use my hands now, but I want to use my brain —if I’ve the right kind of a mind for those lines of work.”
ROBBED, BEATEN WOMAN STATES T Says Men Drugged Her in Her Home. Telling a story of how she had been robbed, beaten and drugged, Mrs. Clara McCullough, alias Wilson. 30, was found on the floor of her apartment. Apt. 1, 320 N. Alabama St„ early today by squads of police In charge of Lieut. Ralph Dean and Sergeant McClure. She said four men broke Into her apartment and took five rings, a watch and a bracelet, worth |I,OOO, and SSO in money. Sergeant McClure, first to arrive at the house after Captain George Winkler traced a faint telephone call for help, said Mrs. McColloughwas lying on the floor of the bedroom. She said that she was eating about midnight, when four men broke open the door. 'One struck her on the face and then they bound and gagged her, she said, and forced hei to drink something. Dean said the apartment furniture was disarranged as If a fight had been in progress. Mrs. McCullough’s left eye was blacked and her throa,t bruised. She told police her husband, W'illlam McCullough, was in Jacksonville, Fla., and, that her maiden name was Wilson. SHAFER FUNERAL HELD ANDERSON, Jan. ; 22. —Funeral services were held here this afternoon for John C. Shafer, president of the Indiana Real instate AesoelaUon, who died Tuesday night.
PAGE 23
way through the Electric Institute at Hiram. Ohio, (now known as Hiram College), by farm laboring and carpentering. When he was ready f to enter college, his choice fell on Williams Codege, because Its president was the celebrated Mark Hopkins, for whom Garfield had the greatest admiration. Garfield used to say, “A log with a student at one end and Mnrk Hopkins at the other is my ideal college.” He was graduated from Williams In 1851. College Head at 36 When (>affield became at the age of 26, president of the Ohio College, where lie had taken his preliminary wqrk, he proved himself n teacher of the same type as Mark llopklne—a man of unbounded zest for truth, limitless curiosity, and intense Interest In his pupils. Had he remained in this work, he less have become one of the country’s greatest educutors. Garfield’s rise was rapid. Within six years after his graduation, he had been made president of Hiram College, Ohio State Senator, major general In the United States Army, and representutive-eleet to the United States Congress. A more rapid rise than this has been made by no American statesman, and the variety of the positions shows that lie himself practiced his advice to young men, to “be Ht for more than the one thing you are now doing." While teaching at Hiram College, Garfield studied law; and from the time of his admittance to the bar, in 1859, until his death, he was con* tinualy engaged in politics, with the exception of the two years that he served in the field in the Civil War. Was Major General Though he was a brave soldier, and In 1863 was commissioned major-gen-eral for his bravery at the battle of Chickamauga. President \Lincoln thought Garfield would be of greater use to his country In Congreee. Sohe resigned his commission. In December, 1863, and took the seat in the House of Representatives, to which he had been elected the year before. There he made hltnslf especially useful, in the committees on military affairs and on finance. He served for seventeen years In the House—until his election in 1880 to the Senate from Ohio: and lt has been said that his speeches In Congress give a connected history of the times. Garfield was an impressive orator, because he had a powerful voice, great personal magnetism, and a straightforward style of address which aroused enthusiasm and carried conviction.
The triumph ot hls political career came when he unexpectedly the Republican nomination for the presidency in 1880. The party was divided that year into two factions —the “stalwarts,” who wished Grant to be nominated for a third term, and the "half-breeds,” who opposed Grant and for the most part favored James G. Blaine. Neither side would yield, and after a long fight they compromised on James A. Garfield, a “dark horse.” Because Garfield was a “half-breed,” Chester A. Arthur, uncompromising “stalwart,” was made the candidate for the vice presidency. In the campaign which followed, Garfield spoke in his own behalf, the first time that a presidential candidate had thus appeared before the people. His was victoriously the overwirefming vote of 214 electoral votes to 155 given to General Hancock, the Democratic aandldate. Garfield never had a ehanco to show his ability as chief executive of the country. Four months after nis inauguration he was snot by Charles Guiteau, a disappointed office-seeker. The day of the tragedy was to have been a red-letter day in the president's life. He was on his way to his beloved college, Williams, from which he hud been graduated twenty-five years before, to join in the reunion of his clussmates. The assassin's bullet struck him down as he was walking through the railway station in Washington to Ills train. Garfield lingered between life and death for weeks and finally died Sept. 19. 1881. He was the twentieth president of the United States, the second who was assassinated, and the fourth to die while in office. WHEAT GIVES HIS~VIEW Bu United Press KANSAS CITY, Mo.. Jan. *2.— Zack Wheat would sign a two year contract with the Brooklyn National League club if given a SI,OOO in crease in salary, according to a report received trom his home at Polo, Mo. '• Wheat denied reports issued by news services that he was holding out for a $7,000 hike In salary, anil said that he doesn’t term himself a “holdout.” EDWARDS HEIRS TO MEET Council No. 3, Mid-West Edward Heirs Association, Inc., will hold a meeting Saturday at the Severin. Will S. Edwards of Indianapolis, new president, will preside. He succeeds R, E. Reeves, who resigned.
Compton’s Pictured Encyclopedia Makes learning easy with simple text and interesting pictures. L.S. AYRES & COMPANY State Agents