Indianapolis Times, Volume 37, Number 261, Indianapolis, Marion County, 3 March 1926 — Page 11
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PORKERS BOOSTED 15 TO 25 CENTS
STOCK SELLIN6 WAVE STILL ON (Putinued From Page 1) % p mt. Erie's 4s were off almost a point at '74%. While the curb was steadier than during the closing hours of yesterday, Electric Investors dropped 2 mere points to 43 and other public utilities were weak.* The curb market ruled that no transactions in the new Nickel Plate issues in contemplation of the merger would be permitted until further notice. Trading in the first-hour totalled 069,600, as compared with 566,1b0 shares sold yesterday. Bond sales aggregated $5,733,000 which compares with Tuesday’s first hour figure of $1,674,000. Erie Railroad for instance was off 6% points to 29. Norfolk & Western was off more than a point, and Chicago Great Western, Pennsylvania and Frisco dropped fractionally. Hudson Motors, which was subjected to the attack of the “bears" in yesterday's startling session was off two at 111. Chrysler and General Motors, on the other hand, advanced fractionally. Floor Crowded The floor of the exchange was crowded and broker offices were thronged. Most of' these speculators who had been investing on weak margins already have been wiped uut in the market, but there were other "fresh’’ investors willing to take their places. Many followers of financial affairs believed today would furnish the test to determine just how far the present decline is going. Brokers’ clerks worked far into the night, straightening out the books as a result of yesterday’s wild closing, when records for sales which have stood for years were broken in the final hour. Effect of the Interstate Commerce Commission’s adverse decision on tne Nickel Plate Railroad merge, was expected to show its influence on today’s market, coupled with apparent general dowmward trend. Shorts Sold Out Just where yesterday’s market left many traders was indefinite, but it was knowm that brokers had closed numbers of margin accounts, selling the stocks involved "at the market,” when the customers could not cover Average Stock Prices Average price of twenty industrial stocks for Wednesday was 147.06. off 3.02. Average price of twenty rails for Wednesday was 105.43. oil 1.73. additional margins. This had left many customers owing brokers substantial sums, but the brokers thought much of It would be collectable. Study of yesterday’s market figures brings out these facts: Declines ranged from 5 to 18 points on the Stock Exchange and from 5 to 33%- points on the curb. The average drop of industrial stocks was 4%- points and of railroad, 1.99. The average drop of ail stocks was 3 25. Issues traded in during the day totaled 625—the largest number ever affected In a single day on the market. Total sales yesterday were 3,075,000 shares—the sixth time in history a day has gone over the three million mark. Transactions in the last hour were 1,439,000 shares, a figure which would in itself be considered a satisfactory normal day’s business. As the market followers looked back over the day’s developments there was widespread rumor that someone had made an extraordinar lly good guess as to the decision the Interstate commerce commission would make —and did make half an heur after the market closed —on the Nickel Plate Railroad merger. “Leak” Denied Washington dispatches quoted officials as scoffing at any idea of a “leak,” while here there was no confirmation of any such reports, everyone maintaining that any anticipation of the decision was merely the result of good application of logical reasoning—or guessing. During the night, it was understood, many groups interested in the market one way or another, held meetings laying plans for the day but what action, if any, can be expected from hanking interests remained a secret. Responsible financiers, however, reiterated that the market is not a dangerous one and that it is merely a process of readjustment from the recent booms, which will leave prices at levels justified by the true values of the stocks. Durant and Livermore One report was that Jesse Livermore and W. C. Durant were engaged in major operations. Both of these operators recently said, more or less emphatically, they were out of the market, which caused many in Wall Street to consider they were undoubtedly in it. Durant is known to have been active since last fall, when he was engaged in extensive trading during the "bull market’’ which sent Stocks up to new high levels. Another story out is that J. P. Morgan is out to give James E. Reid of Reid-Dillon chastisement for having opposed the Motors group for control of Dodge Brothers. That was the classic struggle of the last few years and made Dillon famous almost overnight when he won against the supposedly impregnable Morgans and OuPonts. But friends of Dillon said there could he nothing to such reports, adding that Dillon had not borrowed a cent in Wall Street in a year. Financial' exi>erts considered the present break as comparable to the famous declines of 1907, the Northern Pacific corner of 1901 and that :>f Nov. 12, 1919, when the post war •inflation’ market met its end. only in the matter of magnitude. These breaks were characterized by shortage of money, call rates having gone as high as 100 per cent in the 1907 collapse and to 80 per cent in 1919. In the present situation they maintained there was no money shortage nd the financial situation waa not involved.
New York Stocks ■ lltv Thomson * Me Klnnon •
All Quotations New York Time —March 3 _ Railroads— Prey. . High. Low. 1:00. close. Atchison ..126 ... 124% 125 Atl Cist L 221 B & O ... 87 ... 65 % 6o Canad Pac 153 .. . 151% 150% C & O ...123 116 120 113% 0 & NW 67 C R 1 & P. 44 43 44 44 % Del Ik Hud 15 f % ... 166% 158% Del & Lac 140 ... 140 135 Erie 28% 27% 28% 24% Erie Ist pfd 38% 30% 38% 40% Gt Nor pfd 70% 70% 70% 71 Lehigh Val 77 ... 77 30% L & N 136 Mo Pac pfd 75% ... 75% 75% NY Cent.. 123% 123% 122% 122 NY NH & H 35% 85 35 35% North Pac. 70 60% 60% 70 Nor & Wn 143% 143 143% 144% Pere Marq .68 ... 68 7i) % Pennsy ... 60% 50% 50% 50% Reading ... 83 % 81 83 83 So Railway 112 .. . 11l % 111% Sou Pacific 98 % ... 98 % 08 % St Paul ... 11 11 11 11 St Paul pfd 17% 16% 17% 17% St L & SW 61 60% 61 03 % St L& S P 91% ... / 91 91% Union Pac 143% 143% 3 43% 142% Wabash . . . .39 .37 .39 41 % Wabash pfd 69% ... 69 % 71% Rubbers— Fisk Rubber 17 15% 16% 18% Goodrich R 63 „ 61% 61% 61 Goodyr pfd 101% ... 101 % 102 Kelly Spgfld 16% ... 16"-, 16 U S Rubber 70% 69 69% 67% Equipments— A C and F 99 98 99 97 Am St! Fdy 41 ... 40% 41% Amer Loco 10.3 % 103% 103 10.7% Bald Loco .106% 104% 106% 105 Gen Else . .384% .320% 323% 319% Lima Loco. 59% 59% 60 Pr Stl Car 58 ... 58 58 Pullman ..152% 153 152% 152% Ry Stl Smr 55 . . . 55 55 Westh Abk 11.7 113 113 112% Westh Elec 70% -39 70 66 Steels— Bethlehem . 41% 40% 41 40% Colorado F .30% . . ‘.’9% .70% Crucible ... 68 % Gulf States ... . . ... 78 % P R C & I 38 % 37% 38% 38% R Iron & S . . ... ... 51 % Sloss-Sbeff. 113% ... 113% 11:;% H S Steel. 12.3 122% 123% 122 Vanadium.. 29 29 29 39% Motors— Am Chandler M 20 20 20 ... Gen Mot. 120% ... 118 119'% -Martin-Parr 19 . . . 19 18 - Mack Mot. 12.3% 130 123 122% Chrvsler ... 43 40 '4O 41% Hudson .. 113 107% 109 11.3 Moon Mot. 3.3 ... 3.3 31% Stodebaker. 56% 55% 55% 56%. Hupp .... 24 % 20% 20% 17 Stewart W.. 77% 74% 75 72 Timken . . 50 ... 49 % 49 % Willys-Over. 26 25% 25% 25% Peirce-Arr.. 30% \3O 30 % 30 % Minings— Dome Min. 18 . . 18 18 Gt No Ore 25% . 25% 25% Int Nickel 37% .37% .37% .37% Tex G& S 127 136% 126% 136 % Coppers— Am Smelt 125 . . 124 123 Anaconda.. 44% 43 % 44 42 Inspiration ... ... ... 23% Kenneoott... 54 ... 5.3 53% Indianapolis Stocks —March 3 Bid. Ask. American Central Life 200 Am' Creosoting Cos pfd ....100% ... Advance Rumely Cos com. . . 15 16 Advance Rumely pfd 65 50 Belt R It com 68% 73 Belt R R pfd 54 Cent Ind Power Cos pfd.... 89 % 91 % Century Bldg pfd 99 ... Citizens Gas Cos coni 42 % ... Citizens Gas Cos pfd 105 ... Commonwealth Loan pfd. . . 98 ... Equitable Securities com .51 ... Hook Drug Cos pfd (class A) 26% Indiana Hotel com 100 ... Indiana Hotel nfd ..100 . . . Indianapolis Gas 56 Vi 59 Indpls & Northw pfd 43 ... Indpls & S E pfd .' . . . 20 Indpls Street Railway 55 57 Interstate Pub S prior lien. 100 ... Merchant P Ut.J Cos pfd ... 97 Public Savings Ins Cos 10% ... Ranh Fertilizer 48 ... Standard Oil of Ind ...... 67 ... Sterling Fire Ins 12 ... T H I & E com 5 T H I & E pfd . . 40 T H I & Light Cos 90 Union Title com 99 . - Union Trao of Ind com .... 1 Union True of Ind pfd. ... 10 Union Trao of Ind 2d nfd. . 3 Van Camp Pack Cos pfd. ... 19 ... Van Camn Prod Ist pfd... 93% 100 Van Camn Prod 2d nfd. ... 91 95 Wabash Ry Cos com • • • Wabash Ry Cos nfd ■ • • —Bonds— Belt R R and Stk Yds 4s. . 88' Broad Ripple 5s 74 . . Citizens Gas os 96% £8 Citizens St Ry 5s 88 % 90 Indiana Coke and Gas 6s. . 95 97 Indiana Hotel 5s < Indiana "Northern 5s 6 Ind Ry and Light 5s 93% ... Tnd Union 5s 6 ... Ind Cel & So 98 100 Indpls Gas 6s „9* 98 Indpls Lt and Ht 6s 1(b) % 103% Tndpls & Martinsville 55... 73 <4% Indpls Northwestern <3 <4 A Indpls Northern 5s . 32 33 Indpls Northern certificates. 30 33 Union Traction certificates. . 26 . . . Indpls & S E 5s ." 6 9 Indtils Shelby & S E ss. . . 6 9 Indpls St Ry 4s 68% <0 Indpls Trac and Term ss. .93 Up Indpls Union Rv 5s .. . Indpls Union Ry 4Vis .... 99% ■ ■ • Indpls Water Wks sec 97 ... Indpls Water 5s 193% • Indpls Water 4%s 92% 94% Interstate Pub Serv 6s . 99% 101 Vs Interstate Pub Serv 6%8.. 103% ... T H I & E 5s 77 81 TH T and Light 92% .• . Union Trac of Ind 6s -7 ~9 —Bank Stocks— Aetna Trust and Sar Cos. . .112 Bankers Trust Cos 129 . . City Trust Company 14' Continental National 109 Farmers Trust Cos 235 Fidelity Trust Cos . . 154 ... Fletcher American ........100 Fletcher Sav and Trust Cos.. 240 ... Indiana Natl Bank 260 270 Indiana Trust Cos. . 223 • Live Stock Ex Bank ......160 1.5 Marion County State Bank.. 16(1 Merchants Nat Bank 31*> • • • Peoples State- Bank -- _ ••• Seo.uritv Trust ■ • • State Sav and Trust 100 100 Union Trust Company . .. .34.> 400 Wash Bank and Tr Cos 150 ... —Liberty Bonds— Liberty Loan Ist 3%s ..101-02 101.10 Liberty Loan Ist 4s ....102.04 102.80 Liberty Loan 2d 4% s ...100.76 101.20 Liberty Loan 3d 4 Vis . . .10-1.10 101.20 Liberty Loan 4th 4%s ..102.30 102.50 U S Treasury 4% s T .... 107.70 108.00 U S Treasury 4s 104.16 104.30 —Sales—3sh Interstate Pub S prior lien 0 . . . $99 SI,OOO Indpls Northwestern 0 73 Produce Markets Eggs—Strictly fresh delivered at Indian apolis. 23c. ~ Buttei (wholesale orieesl —Creamery, best grade a pound 45® 48c: buying price for packing stock 25c _ . Poultry Hens, 25c: Lejboms, 20 @22c: springers. 25 0 26c; Leghorns auo blacks. 20®22c: young turkeys 36c ot< turkeys, 28c; guineas. 3oc Cheese (wholesale buying prlccal—-wis cousin daisies. 26c Longhorns. 26® 27c. limburger 27 0 28c- New York cream -e ® 31c CHICAGO March 3 —Butter—Receipts. 4.228; creamery. 43%c: standards. 43e: firsts. 41® 42c: seconds. 37® 39c. Eggs— Receipts. 12.189: ordinaries. 24c: firsts, 25% @2594c. Cheese —Twins. 22 :: Americas.” 23c. Poultry—Receipts. 2 cars: fowls, 30cj springs. 32c: duck,. 21c: geese. 21e: turkeys, 3oc: roosters. 31c Potatoes —Receipts. 212 cars; Wisconsin round whites. $3.60 @3.80: Minnesota round whites. $3.56 @3.70: Idaho russets. $3.76 @3.90. CLEVELAND. March 3. Poultry Heaxy express fowls. 30® 31c: Lcghornn. 25c: springers. 31 @32c: Leghorn Bpnngers, 25® 26c: cocks. 16® 17c. ButterExtra in tubs, 48®49c: extra firsts. 4@ 46e: firsts. 43c: packing stobk. 32c. Eggs —Northern Ohio extras. 32 %c: northern Ohio extra firsts. 29%c: Ohio. B9e: western firsts 27%c. Potatoes—Ohio. $2.50 @2.60 a bushel: Idaho bakers $6.50 per 100-pound sack: Wisconsin $6.25 per 150pound sack: Minnesota. $5 per 120-pound sack: Colorado. [email protected] per 100pound sack. NEW YORK. March 3.—Flour —Active, but lower. Pork—Quiet, mess. 536.2.1. Lard—Steadv: middlewest. 515.15 @ 15.26. Sugar—Weaker: 96 test 4 08c: refined, dull: granulated. 5.15 @JIOo. uoffee— Rid No 7. 18 3. c’ Santos No. 4, 23% @ 24'. Tallow—Dull' sr-cial to extras. 9%@9 % Hav—Rteadv: No. 1. SI An: No 3 [email protected]>: clover 5-101.30. Dressed poultry—Steady; turkeys. -In® : ch tokens. 22 & 47c: folws. 20® 34c: ducks. 22 @ 33<y Long Islands. 34® 36c. Live poultry—Firm: geese. 15@24e: ducks. 17@34c: fowls 35 @36e: turkeys. 40@45e: roosters. 21e. broilers. 50® 00c. Cheese—Quiet: state milk, common to srecml. 27% @29c: young Americas. 25 %26% e. Butter Steady: receipts. 17.071 ■ creamery extras. 46c: special market. 40%c. Eggs—Easy: receipts. 25.723: nearby white fancy. 38® 39c: nearby state white. 34@37c: fresh firsts. 37<28%e- Pacific roast first to ex - t 43 @4B *4 c: western whites. 35®
Ray . .. 11 % ... II % 11% U S Smelt. 42 ... 42 42 Oils— Cal Petrol. S3 31 % 32 31 % Mid-Con P.. 31 30% 31 31 Houston O . . . ... ... 01 Ind 0i1... 25% 25 25% 26% Marl and O 5.3% 5.3 53% 52% P-Am Pete 61 % ... 01 % 01 P-A P (B) 03% ... 03 02 Pacific Oil.. 78% 78 78% 79 Phillips P.. 4.3% 4.3% 43% 44% Gen Pete.. 50 % 50 50 % 50 Pure Oil.. 26% 20% 30% 20% Royal Dut 50% ... 60% 51% S 6 of Cal 55 % ... .56 55 % 8 Oil of N J 4.1 40 % *4O % 41 % Sinclair 23% ... 21% 22% Texas Cos.. 50% ... 50% 51 Industrials— Allied Ch.. 12) 118% 130 110 Ad Rumely 14% ... 1494 14% Allis-Chalm . . ... ... 82 % Am Can ...315 310 312 314 A H & L p . . ... ... 50 % Am Ice ..119 117% 11$ % 116% Am Woolen 32% .31 Vs .32*4 32% Cent Loath 10% ... 1(1 Vi 10% Coca-Cola .1.38% 138 138% 135 Certain (Yds 45 ... 45 45 % font Can .79 ... 79 77 % Dupont . . .. ... ... 212 % i'm Player 117% 115% 116% 115% Gen Asphalt . . ... ... 5.3 Comb Eng 47% 40% 47% 46 Int Harv .122 120% 122 120 May Store 119 ... 119 117 Mont Ward 71% 70% 71% 70% Natl Lead 153% ... 153% 154 Owen Bottle 60% ... 00% 60% Radio .... .37% .36 % 37% 37% Sears-Roel) 20.3 % 203 Vs 20.3 % 202 % United Drg 140% ... 140% 140 U 8 In A! 55% 55% 55% 55% Woolworth 179'% 177% 178% 175 Utilitim— Am TANARUS& T 142% ... 142% 142% Con Gas. . 99 % 92% 94% /92 % Cos! Gas .. 77% 70', 77% 77% Peo Gas .119% ... 119 118 Wst Union 138% ... 1.38% 1.30 Shipping— Am Int Cr 38% .... 38 .38% Am S &C. 7% 7% 7% 7% Atl Gulf.. 41% ... 41% 41% Int M M p 3.3 32'4 33 33 Vs United Frt 277 . . . 277 277 Foods— Am Sugar 74% 7414 74% 74 Am Bt Sug 32 % <*. . 32 K ... Austin Nlc-h 20% .. . 20% 21 Com Prd. 37 % 37% 37% 88 F'eisehmnn 49 48% 48% 48% | Jewell Tea. . . ... ... 32 Cu-Am Sug 25% 25% 25% 26 PiKum 90 88% 89% 88% Ward Bak. 62% 60 00% 02 Vs Tobaccos— Am-Sumat ... 10% Am Tob .115 113% 115 113% Cons Cig. . 59 50% 59 56 Tob Prd B. 103% ... 101 108% Lorillard. . 37 % 37% 37% 38 Un Clg St. 91 ... 89% 90 Schulte ... ... 123%
GRAIN PRICES START HIGHER Wheat Values Advance — Tone Strong. Bu United Press CHICAGO, March 3. Grain opened higher on the Chicago Board of Trade today. Wheat prices advanced %c to l%c except in the July delivery, which was fractionally off. The undertone in wheat was strong, in view of the fact that most of the long interests are out of the market and shorts are beginning to cover at existing low levels. Foreign markets were higher and there was some belief that expert business might improve. Corn borrowed strength from the wheat pit and scored fractional gains at the opening. There was a disposition to be bullish toward corn since it has struck new low levels for the session. Trading in oats lacked in features and prices advanced on all deliveries, .uniformly at Vi cents. Provisions opened slightly higher. Chicago Grain Table —March 3 WHEAT— Pic. Open. High. Low. Close, close. * May. 1.69% 1.00% 1.58 1.59% 1.58 % tMay.1.67% 1.59 1.56% 1.58% 1.50% July 1.89% 1.4 J 1.38% 1.40% 1.89% Sept. 1.34% 1.35% 1,33% 1.34% 1.33% CORN— May. .77% .77 Vs .76% .77% .77% July. .80% .81 % .80 .80% .80% Sc-pt. .82 .82% .82 82% .82% OATS— May. .40% .40 % .39% .40% .40% Tulv. .41% .41% .40% .41 .41 Sept. .41% .41% .41'* .41% 41% LARD— May 14.95 14.95 14.02 14.62 14.90 Ribs— Mav nominal 1a.45 15.50 RYE— May .86% .87% .85% .87% .85% .Tulv: .87 .89% .80% .88% .86% Sept. .80% .88 .86 .87 % .85% •New. fold. CHICAGO. March 3.—Carlot receipts were: Wheat. 15; corn. 130: oats. 22; rye. 1. Commission Row ; Prices (o Retailers Fruits Apples —Jonathan, -to-nouno nasr.ei $1.7002: Grimes Golden, 40-pound bs* kef. $1.76@2: Delicious 40-pound basket *2.75: W. Bananas 40-pound basket $1.75: King Davids. 40-pound basket ll 60: Baldwins $1 7.6 @l2 Stavmer- Win* sap, box. $3: Northern Spies 40-nound basket. $1.75. bananas —8< a pound Coeoanuts —Jamaica 50.60 tor 100 Grapefruit—Florida. $4.503310.60. Kuniquats—Fla qt. 15 (Oi 20c. Lemons —California, box. $4.75(0,5 Limes—sl 50® 2 a hundred Or an ires—California navels $.1.75 <t 5.25: Florida. $4.25@5. Pineapples—Cuban, ert.. s3.r>o@s Strawberries —Florida, qt.. 65® 85c. Tangerines—Fla. crt. $8.75 0 4.25 Vecrtabwc Artichokes —Fey CaJliomia sflAow $1.75 dozen. Ureen Beans— 514. Beets —H G.. bu.. $1: Southern, bu $8 @3.60. Brussels Snrouts Fey California pound 26@30c Cabbage—Danish. $70@75 ton: Texas. $90@95 ton. . , Carrots —H H bu.. $1.25: Texas, bu.. $1.2501.35. nm, $1.25 @1.35. Cauliflower —Colorado cr* [email protected] Celery—Florida. $5.25 @5.75. Cucumbers —H. G.. doz.. $4 @4.75. Eggplant—Florida, doz. [email protected] Uarlie —Fey Caliiorrna 15c lb Kale—Eastern, bbi.. $2.35@ 2.50 • L ettuce—Western Iceberg crate $3 0 4.25; H. G. leaf. 15-pound basket. s2.lu@ “ Mangoes— Florida trunk. $8.6009. Mushrooms —Fcv. 3-4>ound baaae. $1.25 @1.60 Onions —Spanish, crt.. $1.65 01,75: H U. red ana vellow. 100-pound hag. $2.75® 3 - southern shallots, bbl.. $10.50. Parslev- Fc> H <3 do* -tow4se Peas—California, crt.. $7.50@8. Potatoes —Michigan white lnU-lh wi $6 0 6.25: Idaho per cwt., $5 0 5.25: Ohio 12'9-lb sack ,[email protected] s lonna Triumph. $5 a box. Radishes —Dozen. 20@25c. P.bub.-rb—H. G. bunch 46@65e. Rutabagas—Fcv $1 60®i 7ft cwt Spinach—Texas, bu.. 76c@$l. , Bauaah Hubbard bbl $2 'c@2 60 Sweet. Potatoes—Jersey, bu.. $2.75: Nancy Hall. $1.75®2. Tomatoes —Crt.. six-basket. ss.;>o@6. Turnips—New H G. bu. $1.3501.50 In the Sugar Market By Thomson A McKinnon NEW YORK. March 3.—After yesterday’s decline In the raw sugar market, the situation is more uncertain than it has been tn some time. Spot sugar Is now down to its lowest for the year, and the decline is expected to have an adverse effect upon refined quotations. We look for an unsettled market for futures until a .favorable turn comes in the shape of fresh demand at what are now extremely low prices. WOMAN’S ARM BROKEN Mrs. Nellie Peterson, 26, of 4818 Bertha St., was taken to city hospital early today with a broken left arm and body injuries. Sheriff Hawkins said ehe waa struck by an auto driven by Mrs. -Nora Whitt, 36, of R. R. E. Box S, while cross tn* the street at 4800 W. Washington St.
THE INDIANAPOLIS TIMES
Few Choice Light Weights Bring Top of $14.10. —Hog Prices l>ay by Day— Feb. Bulk. Top. Receipts. 25. 12.15® 13.30 13 65 ■2O. 13.16® 13.40 13.75 4.000 27. 12.25 @13.40 18.75 3,500 March ... ]. J 2.45 @13.60 13.95 6.000 2. 12.35 @13.50 18.70 7,000 3. 12.00® 13.75 14.10 5,000 Hog prices were forced 15 to 25 cents higher in the mid-week session at the Indianapolis Livestock Exchange. Continued light receipts, estimated at 5,000, was the cause of the rise. Holdovers from Tuesday, numbering 597, were added to the total fresh receipts. A few choice lightweight porkers commanded the top price of $14.10. The bulk of the matured hogs were sold at prices ranging from $12.60® 13.75. The rebound to higher values was a reaction from the unusual depression in Tuesday's market. Hog Price Seale Trading was done over the following scale of values: heavyweight material brought [email protected]; mediums sold at $ 12.75@ 13.10; lights moved at $13.45@>13.75; light lights commanded a price of $13.75; pigs cashed at $1313.75; smooth packing sows were selling at slo.so(£j 11; rough packing sows were [email protected], and stags were $7,504$ 10.50 The cattle market continued strong and advances were marked up on steers and heifers. Choice steers were priced as high as sll, while heifers of* the best quality were marked iipto $lO. Cows were steady and prices ranged from $3 to $7. The run of material, estimated at 1,000 head of cattle, was sold steadily. Calf Prices Steady A run of Bheep and lambs, estimated at 100, was too small to establish a definite market trend in that division. Prices remained steady in most cases, however. Lambs wpFe quoted at sl2 41'14 and sheep were $4 @7. Traders are expecting n shipment of over 1,000 western lambs to arrive at the Indianapolis market in a few days. They probably will be priced at $13.50. __ The calf market ruled sieady to weak. The early morning opening was steady with Thursday's close, but values slumped off slightly as the day progressed. The top prices paid for the best veals were $14.50, and the bulk of the calves was disposed of at prices ranging from sl4. Receipts were estimated at 800. —Hobs— Heavies $11.06012.00 Medium 12.75 0 13.10 Lirht !izs 13.45® 13.75 Light lights 13.75 Pigs 13.00® 13.75 Smooth sows 30.50® 11.00 RoiiKti sows 10 OO® 10.50 Sags 7.50010 50 ■ ■ Cal tie Good to choiop fat steers. $ [email protected] Mtdium ami good steers B.oo® 9.50 Common steers (I.oo® 800 Choice heifers 5.00® 10.00 Common to fat heifers . . 4.500 0.75 Prime fat cows 3.00® 7.00 —Calves— Best vealß $14.50 Bulk of sales 14.00 Common ealves, 7.15011.50 —'Sheep anil I. am hi— Choice western iambs , . $12.00614 00 Choice native lambs 8.00 @12.50 Good to choice ahcPD 5.00 0 7.00 Fair to mediums 4.00 vt 5 00 Other Livestock CHICAGO March 3.—Cattle—Receipts 6,000; market, snappy, trado on most classes: better grade fed a leers, fully 26c higher on shipping account: spots more. $11.25 paid for heavy and medium weights; nummerous loads with -eelght. {10.76® 11.15: bulk. $9 010.50: fat cow* and heifers very scarce, sharing steer advance: vealers. 50c higher mostly sl2® 13 to packers; outsiders paying upward to $14..>0 and Ix-tter. Siu-ep—Receipts. 18.000: market, fat lambs slow, practically no early sales; choice handy weights helff above *14.75: indications generally 25c lower; spots off more on heavies: nothing done on feeding lamb*.-1 talking around steady; very few fat sheep of sered; odd lots fat ewes. [email protected], steady. Hogs—Receipts. 15.000; Market, moderately active, steady to strong, spots 10c up: top. $13.70: bulk. $11.75013.50: heavyweights $11.86® 12.60: medium weights. $11.95® 13.25; lightweights, ,*12.15® 13.65: light lights. $12.20® ”3.70: packing sows, , *10.25® J 1: slaughter pigs. $13.25® 13.76. CINCINNATI. March 3.—Cattle Receipts. 525: market steady: shipping steers, good to choice. *8.60010.50 Calves — Market steady: good to choice. $13.60014. Hogs—Receipts, 4.500: market slow ami steady: good to choice packers and butchers. $l3O 13.50. Sheep—Receipts. 50; market steady: good to choice. so@B. Lambs—Market steady; good to choice. *l4 0 14.50. CLEVELAND. Match 3.—Hogs—Re ceipts, 2.500; market steady to 25c higher: Yorkers. sl4: mixed. $13.76: medium. $13.25® 13.50: pigs. sl4: roughs. $10.25; stags. $7.25. Cattle—Receipts. 200: market. slow: choice yearling steers, slo® 10.50; good to choice butcher steers. s9® 10: fair to good butcher steers. $7 0 8.50: good to choice heifers. $8@0: good to choice butcher bulls $6 @7.75: good to choice cows. $506.75; fair to good cows. sS4@5: common cons. S2@4: milchers and springers. 8500 125. Sheep and lambs —Receipts. 1,000: market. 26c higher; top, $14.50. Calves —Receipts. 300; market. steady: top, $lO. BUFFALO, March 3.—Cattl—Rc-elpts, 450: market active, steady: shipping steers, [email protected]: butcher grades, $5.75 ®1 9.25; cows, 32® 7. Calves—Receipts. 350; market slow, 25c lower; cull to choice. $3.50010. Sheep and lambs—Receipts. 1.600: market slow, lambs 25e lower; choice lambs $l4O 14.76: cull to fair, *0 @l3: yearlings. [email protected]; sheep, [email protected]. Hogs—Receipts. 2.400: market slow, steady; Yorkers $14.25014.50: pigs, $14.60: mixed. $13.75@14: heavies, $12.25013.25; roughs. *104111: stags, $0.500 8.50. EAST BT. LOUIS. March 3.—Cattle — Receipts. 3.000: market, steady: native steers, $8.504010: yearling heifers. $7.50 @8.50: cows. $5.5006.60: eanners and cutters, $3.50 @4.50; calves. $13.75: stookers and feeders. 36.6007.75. Hogs —Receipts. 13.000: market, steady: heavies. $10.90 012.20: medium*. $12.30 @13.25: lights. $12.75 013.40: light lights. *l3 018 40: packing sows. sl3® 13.40: pigs. $10011: bulk. $12.75® 13.35. Sheep—Receipts, 1.000; market, steady: ewes. $708.75: eanners and cutters $305.75; wooled iambs. $12.25® 13.25. PITTSBURGH. Maj-Ch 3.—Cattle—Receipts. light; market, steady: choice, $10: good. *9.25 09.75: fair. $7 0 8.25: veai calves. $l5O 16.60. Sheep and lambs— Receipts. 300: market. higher; prime weathers. *9.50010; good. $8.7509.15; fair mixed. *7O 8: lambs. [email protected]. Hogs—Receipts. 1.200: market, higher; mime heavy. $12.25012.75: mediums. $14.10® 14.15: heavy yorlters, $14.10® 14.15 light vorkers. $14.25014.40: nigs, $14.25 '•( 14.(0: roughs. *10011: stags. *5 0 7. TOLEDO. March 3.—Hogs—Uc-cipts. 900: market, steady to 10015 c higher: heavies *12.25 012.50: mediums. $12.90 @13.50: vorkers. *13.80014: good pigs. $14®J4.25. Calves—Market. strong. Sheep and lambs—Market, strong. Local Wagon Wheat Indianapolis mills and grain elevators arc paying $1.68 for No. 2 red wheat Other grades on their merits Local Bank Clearings # —March 3 Indianapolis bank clearings for today amounted to *5.275 000. Bank debits for today totaled *7.049.000. NEW YORK CLEARINGS NEW YORK March 3.—Clearings. sl,112.000.000: balances. $109,000,000. DOUBLE FUNERAL HELD Bu United Press KOKOMO, Ind., March 3.—Plans were completed today for a double funeral for Mrs. Alfred Anderson, 39, and her son Charles, 21, both of whom have died since Sunday from pneumonia.
MAN WITH WIFE, CHILD Washington, Ind., Oft’ieiaLs Charge Husband With Desertion. Washington, Ind., officials will have a hard time convicting Martin Dietz. 31, of 1612 Villa Ave., on a wife and child desertion charge, local police believed today, after Dietz, arrested as a fugitive, had been released on his own recogniza-ice. He told officers that he brought his wife and child here to live with him, Sunday.
PRICE SLASHING IS BROUGHT OUT # Government Removal Hearing Continues. The National Malleable Iron and Steel Castings Company, of Cleve land. Ohio, and its forty-eight subsidiaries attempted to control the malleable Iron market by slashing prices below those of competing companies, it was pointed out today in Federal Court. This was emphasized by attorneys for the Government in its removal hearing against Todd Zachary, manager of the Standard Wheel Company of Terre Haute and Edwin F. Leigh, president of the Marlon Malleable Iron Works of Marlon. The Government seeks to have the men removed to Cleveland to face trial on Sherman anti-trust lawviolation charges. Irwin H. Adelnian, purchasing agent, of the Maremont Manufacuring Company, Chicago, testified that he bought Standard Company castings, because of the quality and-Ahe exceptionally low prices quoted. He said Standard prices averaged 8 cents a pound lower than castings made by other firms. TALKS GIVEN AT HOME INSTITUTE Style Show Tonight Last Day Thursday. The American Home Institute. In its second day session at the Woman's Department Club, was addressed this afternoon by Mrs. Frank J. Sheehan of Gary, Ind., president of the Indiana Federation of Clubs, on “Culture vs. Service.” The Institute will close Thursday. The value of literature in relation to women and the home was presented by several speakers, among them 'Dr. Frank H. Streighthofif. Miss T/clln. It. Gaddis. Mrs. Edith McClure Patterson, and Mrs. Amy I lyde. The morning session was given over to the subject of budgets. Mrs Edith McClure Patterson, budget specialist of the General Federation of Women's Clubs was the principal speaker. This evening at 7:SO a style show will be staged by L. S. Ayres & Cos. with Mrs. Blanche Ciienoweth In charge. A playlet, “The Heart of the Estate. ’’ will be given by members of the Indianapolis Association life Underwriters. Closing feature of the institute will be a speech on Thursday night by Homer McKee on “Our Town.”
FARMERS CALL ON PRESIDENT Ask Him Point-Blank if He'll Aid. Bu I nitnl Press WASHINGTON. March 3 —Twen-ty-two farm organization lenders from the West invaded the White House today to appeal ( to President Coolidge to support the Dickinson bill providing machinery for exporting surplus crop. Headed by Governors of lowa and Gunderson of South Dakota, the delegation portrayed the plight of western farmers to the President for more than half an hout Mr. Coolidge said through his spokesman, that he was acquainted with the farmers’ difficulties and felt their anxiety keenly and that the Administration was most anxious to provide relief before Congress adjourns, but did not come out for tills particular measure. The delegation asked the President pe’nt-blank whether the farmers c' ild count on him for help. WILL TEST PISTOL LAW Police Hold liouisrillo Man Whose Pistol Was Discharged. Strength of a law passed by the Legislature, prohibiting possession of a pistol by a person convicted of a felony, will be tested here, as soon as evidence arrives from Louisville, Ky., police said today. Officers arrested James Hager, 20, Louisville, after his pistol was discharged and shot a man in the arm. When it was learned lie had been convicted of a felony in Kentucky, he was held until evidence could be obtained. $75 "JUDGMENT GIVEN Property Holder Awarded Damage A bain st Railroad. Mrs. Emma V. Phelps, property owner in Marlon County, who brought SIO,OOO damage suit against the C-, C.. C. & St. Louis Railway Company for damages to lands, was awgjded $75 judgment today by Judge T. J. Moll of Superior Court F*ive. Costs of the action were also found in favor of the plaintiff. Mrs. Phelps alleged certain railroad improvements caused the stream to wash away much of her farm land bordering on Little Eagle Creek. SHIPPERS’ FORECAST North and aaat, 16 to 25; south and west, 20 to 2s.
WORMSER RITES SET THURSDAY Commission Merchant Dies After Brief Illness.
h
Albert Wormser
Funeral services for Albert Wormser, 35, commission merchant and head of the company bearing his name at 22 S. Delaware St., will be held at the residence, 3360 Central Ave., at 2 P. m„ Thursday, Burial will be in the Jewish cemetery. After a brief illness, Mr. Wormser died at Methodist Hospital, Tuesday night. Born here, Mr. Wormser lived in Indianapolis his entire life entering the commission and produce hußiness at 15. He was a member of Monument Lodge, F. & A. M-, the Indianapolis Elks, and the Hebrew congregation. Surviving are the widow, three daughters, Jxiuise, Jeanette and Marion, and three sons. Jack, Nicholas and David. Two brothers and a sister also survive. BANK PETITION DROPPED Organizers of Shelby Street Institution Withdraw Application. Organizers of the proposed Shelby Street State Bank of Indianapolis today withdrew their application for a charter shortly in advance of the regular State bank charter board meeting In Governor Jackson's office. Capital stock was to have been $25,000. The petition had been deferred once by the board because of some question as to its financial structure. The board denied application of the Indiana State Bank of Hammond, and postponed action on an application for thp Guaranty Trust and Savings Bank at East Chicago, with a proposed $50.000 capital stock. Charter of the Farmers’ State Bank of South Whitley was renewed. SHANK TO BE IN COURT Will Be Witness in Hearing of Ousted Policeman. Former Mayor Lew Shank will bo subpoenaed to appear In Superior Court Five Saturday to testify In the hearing of Emmett McCormick, ousted patrolman, who has brought proceedings against the board of safety for reinstatement. Patrick J. McCormick, the former officer’s brother and attorney, said his brqther was named to the police force on Oct. 20, 1925, but later discharged Jan 4 because the department did not have suffieeint funds. The hearing opened before Judge T. J. Moll several days ago, when the board was requested to show cause why lt would not obey an alternative write ordering the reinstatement of McCormick. TO VISIT OLDEST SPOT _ Geologist Will Establish Weather Stations in Greenland. Br-r-r! How xtould you like to start on an expedition to the coldest place In the northern hemisphere—the center of Greenland? That’s what William 11. Hobbs, for nineteen years head of the geological department of the University of Michigan, and the guest Tuesday of Lucius' B. Swift, 716 E. Fourteenth St., is planning. Hobbs, with a party of twenty-five, expects to leave in June. The expedition, sponsored by -the university, will attempt to establish In ■'Greenland, four stations, where radio-equipped weather bureaus will issue warnings of heavy arctic storms thereby saving life and property. ' ■
Births Rnn Claude and Edith Kinr. 1633 Southeastern. Bmmrrt and Jewel Behr. 140 W. Giraher. Willard and Hazel Prosser. 1047 S. Meridian. Eddie and Marie Edwards. 0240 Ststion. Herbert and Mamie McNally. 2210 Wheeler. ll *t Edwin and Elsie Idnccufelter, 5151 Guilford. Roland and Fay Outhouse. .1434 Kennbnrton. Samuel and Maris Dennis. 1903 9. Delaware. Aloyslim and Magdeleno Woerdeman. lent N. Rural Henry and Lydia Ticket. 905 Cline*, •lohn and Ruth Dockter, 4220 Ruckle. Standey and Anna Eeezle. 415 N. State George and Maude Cunningham. 1424 Blaine. Girls 'Edward and Mary Rosebrookr 2739 Madison. I Basil and Mary Creasey. 829 Buchanan, i Leroy and Lydia Amiek. 1368 W. Roy. _ Samuel and Dorothy Earley. 1927 I Chester and Gladys Hilldebrand. 1132 E. i Pratt Charie and Lora Bolingr. 1021 W MtcUifati. j John and Cora Potos. 1104 Bate?. Deaths I Marv E. Simmons. 63. 209 N. Arsenal. Hodfkin’s disease. _ „ Charles A. Wolfram. 80. 401 N. New je rs - chronic parenchymatous nephritis. ETTa C. Freeman. 74. 4824 Broadway. ! chronic myocarditis. Martha MrDade. 37, Methodist Hospital, ; toxic thyroiditis. Norma Lucile Walters. 10. Methodise Hospital, lobar pneumonia. Olive M. Johnson. 81. 2153 Dexter, acute cardiac dilatation. Lina Garnetta Peraulf. 20. 1271 Martin, septicaemia. . _ James Vern Kimball. 1. 1056 W. McCarty. lobar pneumonia. Alice A. Bridges. 77. 1422 Bollefontalne. carcinoma. Lester Webster. 5 months. 1250 W. New York, broncho pneumonia. Minnie Jackson. 73. Methodist Hospital, cerebral hemorrhage. Perry H. {jjiaw. 07. 2197 Dulse, accidental. Lafayette Myers. 91 860 N. Bosart. ° r 'Sti < th ! Tau*fine Tuttl*. 5. 1174 Spruce
SEEKS ANDERSON LINES Union Traction Company Receiver Petitions for Bus Certiflcatee, Arthur W. Brady, receiver for the Union Traction Company, filed a petition wKh the public service commission today asking authority to purchase certificates of five bus lines now operated In Anderson by the Anderson Ijus Corporation. Purchase price of $5,000, including good will, has been approved by the Madison Circuit Court. DRY LAW TO BE ILLINOIS ISSUE Brennan, Democratic Boss Flys Wet Banner. Bu United Press CHICAGO, March 3—lllinois today became the central arena for a national fight to modify the Volstead law. George E. • Brennan, who sponsored Governor A1 Smith’s candidacy for the presidency, and is the power behind the throne in Illinois Democracy, has announced as a candidate for the United States Senate on a ‘‘wet" platfofrn. “This election will be referendum in Illinois on Volsteadlsm,” Brennan declared. "But in reality lt will mean far more than that. If I am elected it is a virtual certainty that the next Congress will modify the dry law. For if Illinois goes wet on an official vote then the members of Congress who think wet but vote dry will take this as the genon a wet platform. RIGHT LIVING IS URGED Speaker Cites Danger of Narrow Conventionalism. The "lions of the wrong kind of pleasure,” as w’ell as the "lions of narrow conventionalism,’’ were revealed by Dr. Frederick F. Shannon of Chicago, In his noonday Lenten sermon at Keith’s. Dr. Shannon said the real danger is In the inability of people to slay the Hons of pleasure and narrow conventionalism. He made a plea for the right kind of mental, spiritual and moral living. Dr. Shannon will speak Thursday and Friday noon. LABORATORY OF LIFE Noon-Day lenten Service Speaker Discusses “Research.” “Some modern scientists assert that discoveries in their laboratories, that is, the results achieved by modern science,' alone have made righteousness iossible,’’ said the Rev. Floyd Appleton, rector of Trinity Episcopal Church, Anderson, In a sermon at the noon-day Lenten service at Christ Church today. "We would Affirm, however, that I the only laboratory for such research lis the broad experience of human life,” he said.
SCHOOL BUTTONS -TVTiat they T T O arc of and HELPS Copyright. Comnton’o Pictured Encyclopedia Feature Senrlco
In early times clothes were fastened with pins, brooches, buckles, ties and cashes or girdles. But, as early as the fifteenth century, it appears that someone discovered that a loop clipped over a button, or a button pushed through a slit in the cloth would make a good clothes fastener. Buttons at first were very ex pensive. They were often made of gold, sliver or pearl, ornamented by designs and Inlaid with precious metals and jewels. They had to be shaped and decorated oy skilled tradesmen, working painstakingly on cno button at a time. In a modern button factory practically every operation in making many kinds of buttons is done by machines, which are so easily operated that boys and girls can run them. A great variety of materials are used in button-making—fresh water mussel shells, ocean shells, vegetable ivory, cloth, bone, hoof, horn, brass, Iron, steel, glass, agate, celluloid, porcelain, leather, paper board and various kinds of composition. In the United States the'button industry has an annual output of over $20,000,000. It centers in five States —New York, lowa, New Jersey, Pennsylvania and Connecticut. New York leads with more factories than all the other States put together. Fresh water pearl buttons, made chiefly from the mussel shells of the Mississippi River, are the most important class, both In quantity and value, produced in the United States. With proper attention the supply of 1 bos shells will endure indefinitely. Their manufacture was established in IS9O, before which most of the pearl buttons in this country were Imported from Austria-Hungary and Germany. Within twenty-five years the imported article has been practically eliminated from the home market. However, the Japanese have now begun the manufacture of pearl buttons, using the dobugai shells taken from the Inland lakes of China; and, owing to the cheapness of Japanese labor, these buttons can be produced at a lower cost and compete seriously with the American product. Ocean pearl buttons ore made chiefly from the shell from West Australia, the yellow shell from Manila and the black shell from Tahiti. Machines cut out the button pieces from the shell with tubular saws, spilt them Into discs, drill the holes for fastening and smooth and polish them—all with practically no hand labor. . Vegetable Ivory buttons are next in importance. They are madejfrom tagua (also called corozo) nuts, obtained principally in Ecuador, Columbia and Panama. Tho tagua nuts are dried from three to six weeks, the hard shells removed In revolving drums, the nuts cut Into slabs, and after a moist hath to prevent cracking they are turned on lathss into button blanks. They
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ARGUMENTS OF LAWYERS SLOW BUS LINE CASE Petitions Favoring and Opposing North Side Lines Presented. Wrangling between lawyers practically featured the publlo service commission hearing today of a petition of the People’s Coach Company to start a rtew bus lino from Monument Circle to ThirtyEighth St. >nd Keystone Ave. Presiding Commissioner Frank T. Singleton several times stopped tho hearing to silence the attorneys. A. Smith Bowman, president of the coach company, appearing as a witness, said there is a need for addl tional transportation and said the streets are wide enough for busses. Thomas Garvin, an attorney, presented a petition, signed by more than 750 persons living along the route, asking that the line be granted. Seven remonstrances bearing more opposing the line. The remonstrances were presented by the Parent-Teacher Association of School No. 27, the association of School No. 45, trustees of the Broad way M. E. Church, tho congregation of the church, trustees of the Third Presbyterian Church, the oongregntion of tho church and 447 Broadway residents. Main contention of remonstrants was that Broadway will lie aertousl> congested by the additional traffic that traffic hazards will ensue If the line Is granted and that no real need exists for the extra transportation. Several other coach company and street railway petition* ore pending decision. It is understood the commission will dispose of all the petitions in a group, following receipt of evidence In today’s case. COURT ORDERS SALE OF PARK Broad Ripple Property to Change Hands. Sale of all property of Broad Ripple Park, Infe.. was ordered today by Carl Wilde, referee in bankruptcy in Federal Court. Wilde set the minimum price for the sale of tho amusement park, buildings and accessories at $95,000. A decree to this effect will be filed In the district court Thursday. The sale of the park will be offoeted ten days after notice of the court's action, l3w Wallace, attorney for O. Britton, trustee In bankruptcy, said. Oscar Baur, Indianapolis business man, and former stock holder announced Intentions of buying the proper ty.
are then shaped, drilled and polished somewhat like the shell buttons. They are very easily dyed and are often made to resemble the cloth on which they are to be worn. Over 50.009,000 pounds of tagua nuts are imported into .the United States each year. The chief centers of this manufacture are Rochester, N. Y„ and Newark, N. J : about 10,000 people are employed in the factories. A large proportion of the manu facture of inotnl buttons receive their metal prepared In sheets ready for cutting into blanks. Power presses cut blanks for front* and backs. Patterns are then stamped on them and the buttons are then assembled and polished. There are also cast metal buttons made by pouring molten metal Into molds of different sizes and designs. Various patent buttons age made which d<i not have to be sewed on. They are usually In two pieces, with a shank on one piece which goes through the cloth and fastens by means of a spring clip in the other half on the other side of the cloth. Bone buttons are made from the shin bones of rattle, (loth and silkbuttons are made by covering wooden forms or metal discs. Th work of covering Is now done bv machinery. Glass buttons ate made in infinite variety and color, and there ts no limit to the patterns that can be produced. The ordinary shoe button Is marls from paper ninche. in the process of manufacture the buttons are saturated with linseed oil or amber varnish to give greater firmness; they are dried, again coated with hot. amber varnish, and baked. Tn finishing they are polished with puniloe, given the desired coating of color, dried again and coated: and tills process repeated for three or more coats.
Compton’s Pictured Encyclopedia Preferred by teacher* generally because of its simple language and graphic pictures. L.S. AYRES & COMPANY State Agent*