Indianapolis Times, Volume 38, Number 190, Indianapolis, Marion County, 15 November 1926 — Page 11

NOV. 15, 1926

HOGS RALLY FOR 25 TO 50 CENT GAIN

PROSPERITY NEWS ADDS CONFIDENCE IN MARKET Commercial Loans Higher Plus Larger Industrial Output. Average Stock Prices Averag-e of twenty industrial stocks for Saturday was 154.58, off .42, Average of twenty rails. 318.80. off .00. Average of forty bonds. 95.61. un .01. Bu United Press NEW YORK, Nov. 15.—1n its summary of tha trade situation so far this month, the Federal Reserve Board reported higher commercial loans and generally increased industrial output. This description of well sustained prosperity vvas the principal item of business news which came to light over the week-end. It was reflected during the initial trading on the New York Stock Exchange in a confident tone in the roain body of stocks. steady. Prices: ™tl. S. Steel, 149%; General Motors, 147%, up %; L R. TANARUS., 48%, up %; North American, 49%, off %; Texas Company, 54%, off %; U. S. Industrial Alcohol 78, off %; Pennsylvania, 56%; Baldwin 136, off %; American Sugar, 79%; Mack Truck, 93%; A. T. & TANARUS., 148%; Atchison 156%, up %; Southern Pacific, 107%, up %. Call Money Up Heavy calling of loans in connection with Nov. 15 -Treasury operations caused call money to advance to 5 per cent, compared with the renewal rate of 4% per cent. Tightening was offset, however, by stimulating dividend developments, including the marking up of the $4 Kennecott rate to a $5 annual basis and the establishment of the new Dupont shares on a $7 basis, with a bonus of $5 extra^ Another constructive factor which kept the general list behaving confidently around noon was the expectation that the Standard of New Jersey financing program would be announced late today. It was reported that this would take the form of $100,000,000 bonds and $100,000,000 new common stock to be offered at $25 a share. The dividend on common is expected to be increased to 11.25 annually with the present $1 basis. Banks and Exchanges ' —Nov. 15— LOCAL CLEARINGS , Indianapolis bank clearings for today amounted to $7,640,000. Debits. $7.J^O.OOO. W. NEW YORK STATEMENT NEW YORK, Nov. 15. —Clearings. $475,000,000; balances, $107,000,000. FOREIGN EXCHANGE NEW YORK. Nov. 15.—Foreign exchange opened irregular. Demand sterling. $4.84 9 18c. off .00 1-16i francs, 3'3%c. UP .03 %c: lire. 4.]3J%c. ud .00 %o; Belgium, %c: marks. 23.74 c. Commission Row PBlCEtt TO RETAILERS FRUITS Apples—Fancy Grimes Golden. bbl $4.50®5. Jonathan, bbl.. $5.50: Delicious, bbl., $6; Wolf River, 40-lb basket $1.36: King David. 40-lb. basket. $125. Dates—Minoret 3b pack, to box, $4.50: Dromedory 36 pack to box $6.75: bulk dates. 11c lb. Figs—l 2 pack, to box. SI.VS: 60 pack to box. No 6 $3: 24 pack, to box. fancy $3: 12 pack, to box, black. 81.75; imported Tayer. 10-lb box. $1.90 02 10. Cantaloupes—Uonevdew melons crate $3.00. Honey—24-cake crate. 84.5006. Casabas—Per crate, $303.50. Coconuts —Fancy Jamaicas sack of 10b $6.00. Grapefruit—Extra fancy. $5 05.50: Florida. $4.50 05. Cranberries —Fancy black* ball barrel* *4 50 Lemons —California, box. $3.2604.50 Limes—Flofida ]O9 s2.*o. Nuts —Indiana chestnuts, lb.. 16 0 23c shellbatk bickorynuts lb. 405 c: black walnuts 40 4 lb. Oranges—California, ort,. $6 0 7.50. Pears —Oregon. 85 box: Oregon DAdgos, $5 box. Persimmons 75c 0 $1.25. Quinces—s2.so per % box. Grapes—Emperor $2 crate: Malaga. SLSO: New York Concords. 16-lb. basket. Pomegranates—California. 82.50 oe VEGETABLES Artichokes California. $1.2501.00 dozen. Beans—Fancy Louisiana, green. $1.76 hamper: wax. $2 hamper: stringlcss $2.26 hamper. Beets —H Q do*., bunches 3fie Brussel Sprouts—Fancy California 2iie pound. i Celery Cabbage—H. G.. $1.25 dozen Cauliflower—Colorado, crt. $1.75 02. Celery—Michigan sauares. $1.50 box; .-Michigan rough $3.25 Der two-tlilrd crate■kchigan jumbo. $1 dozen. —Hothouse $2.60. —H G doz 820260 Garlic—Pound 12 % c. Kale—H G bu. 50® 75c Lettuce—Western Iceberg, crt.. $3,75 0 4: H. G leaf. 15-lb. basket. 81.35. Mangoes—H G. bu.. $2. Onions —H G* vellow 100 lbs $1.75: Utah Valencias. 105-lb bag. $3: Spanish, crt.. $1.90: green doz.. 40c. Parsley—H G doz bunches 60e Root Vegetables 'Turnips, bu.. 85c: parsnips bu.. 8150: carrots bu. $1.60 Canadian rutabages. $2 crate. Sauasn —li. G. white summer bu. 76c Potatoes—Michigan round white, sack $4.60 I'd 4.75 ■ Minnesota Early Ohios. 120lb. bag. $4 04 50. Radishes—H G long reds 40c: but ton. 750. Sweet “otntoes—Fancy Virginia bbl $303.25: Indiana Jersey, bu.. $1.90 Spinach—H. G. bu.. 8101.25 Tomatoes—Six-basket crate $5,60 0 6.50. Cider—l4-eal fcea *5 ~

Twiddle "West Utilities Company Notice of Dividend on Prior Lien Stock The Board of Directors of Middle West Utilities Company has declared a quarterly dividend of Two Dollars ($2.00) upon each share of the outstanding Prior Lien Capital -£tock. payable December 15, 1926, to all Prior Lien stockholders of record on the company’s books at the close of business at 5:00 o’clock P. M., November 30, 1926. EUSTACE J. KNIOHT, Secretary.

New York Stocks <Ky Thomson ® McKinnon)

„ . —Nov. 15Railroads— Prev. . , Hiarh. Low. 1:00. close. Atchison ..157% ... 156% 156;' At! Cst L. 212 ... 211% 211 BAO .. . 103% ... 103% 103% Can ad Pac 165 164% 165 164% C*o ... 164% 162% 164% 162% C A NW.... 78 % ... 78% 78% C R I & P. 69% 68 69 67% Del A Hud 173 ... 173 173% Del & Lac 148 % ... 148 % 141) Eris ... ... 59 % Erie Ist pfd 46% ... 46% 46% Gt North p t 80 % 79 % 80 79 % Lehigh Val . . ... ... 89 % K C Southil 43 % ... 43 % 43 MKA T. . 32 % ... 32 % Mo Pac pfd 89% 89 89% 90 N Y Cent. .137 ... 136% 130% NY NH AH43 % ... 43 % 43 North Pac. .. ... ... 79% Nor A Wn 165% 164% 165% 164% Pcre Marq. .. ... ... 11l Peunsy .. 56% 56% 56% 56% Reading 87 % 87 % 87 S Railway 119% ... 119% 117% Sou Pacino 108% 107% 108 107% St Paul ... 8% ... \ 8% 8% St Paul pfd . - ... ... 18 St L A SW. 63% ... 63% .. . St L & S F 98% 97% 98% 97% Union Pac 163% 163 163% 163% Wabash ... 41 40% 41 41% Wabash pfd 73 % ... 73 % 74 % Rubbers— Fisk 16 % ... 10% 16% I Goodrich .. 48% 48 48 49% Goodyr pfd. .. ... ... 101 Kelly Spgiid 10 ... 10 '9% U S Rubber 62% 61% 62% 63 Equipments— A C and F 101% 101 101% 100% Amer Loco 110 V* 108% 109% 108 Am Stl Fdy 44% ... 44% 44'% Bald Lomo 136% 134% 134% 136% Gen Eicc.. 83% 83% 83% 83% Lima 61 % ... 01 % 01 N Y Airbrk 42 % ... 42 % 43 Pr Sti Car. 43 41% 42 41% Pullman ..188 184 185% 183% West A B 131 ... 131 f 131 % West Elec. 69 ... 68 % 69 Steels — Bethlehem. 44% 44% 44% 44% Colorado F . . . ... ... 42 % Crucible 71 % Gulf S Stl. 57% ... 57% 67% PRC &I. 43% ..* 43% 43% Rep Steel ... ... ... 57% Sloss-Sheff ... ... ... 123 U S Steel 150% 149% 149% 149% Vanadium. 41 % 41 % 41 % 41 % Motors— Am Bosch. 16% ... 16% 17 Chandler.. .24 ... 24 24 Chrysler .. 36% 36 36% 36% Conti MoL. 11% 11% 11% ... Dodge 23% 23% 23% ... Gabriel .. . 28% . . . 28%"... Gen MoL. 148% 146% 147% 146% Hudson ... 46 % 45 % 45 % 45 % Hupp. 21% 20% 21% 20% Jordan ... 14% 14 14% 13% Mack . .. 94% 93% 94% 93% Martin-Pa.. 20 ... 20 ... ,Uoon .... 13% ... 13% 13% Nash 56 % .. . 55 % 65 % Pierce-Ar... 24% 24% 24% 23% Studebaker. 50% 50 50% 50 Stewart W. 64 ... 63 Vi 63% Timken ... 82 % 78% 82 78 Will.vs-Over. 21 % ... 21 21 % White Mot. 56 % ... 56 % ... Min ng— Am Smelt 138% 137% 138 ,139% Anaconda . 49 % ... 49 49 Cerro De P 64 ... 64 ... Inspiration ... ... ... 27% Int Nickel. 38 ... 37% 38 Kennecott.. 63% ... 63 62% Tex S 4 S 47',! ... 47% 47 U S Smelt. 37 36% 37 36 Oils — Cal Petrol. 31 ... 30% 31% Freport T.. 30% ... 30% 30% Houston .... ... ... 5o Ind Oil. . . 2,8% ... 28% Marland Oil 53% 53% 53% 53% Mid-C Pet 31 P-Am Pet. 64 ... 63% 65 P-A P (B) 64 ... 63% 63% Pacific OU. 1 % ... 1 % 1 % Phillipn Pet 51% 51% 51% 51% Union Oil.. 53% ... 53% 53% Pure 0i1... 26% 26% 26% 26% Royal Dut 40 % ... 40 % 49 % Shell 30 % ... 30 % ... Sim4air ... 18 ... 17% 18 Skelly 33 % ... 83 % 33 % S OU of c! 58% 58% 58% 69% S O of N J 42% 41 Vi 41% 42 Tex Com. 64% ... 54% 5o Tr Petrol.. -'4 Vs 4 4% Industrials— A Rumely ... ... ... 14 % Allied. 133% i32% i33% 133% Armour A . 14% ... 14% 14% Amer Can.. 51 % 51% 51% Ara'salßat! 64% ’64% ... Coca Coltt th . 188% i6B 168% 167% Cont Can . 72% ... 72% 72% DSpont Chem i69% 168 109 168% F Players .116 110 llj>% 112 5? In’ n Cm Sl> Eng t 43 v! ’43 % 133% 134 % l|;| Owen Bottle .. , - • • 'it,,, A Radio 58% 58% 58% 58% Soars Roeb. 52% ... „ Untd Drug- lfts . . . Ift4 lft-p h it a p I p 015% 214 2ft. IT 1 Tnd aT.~74 77% 79 78% A T anliT 148% ... 148% 148% Brklyn Man 68 ... 68 ... Col G and E 86% 86 80% 86 Cons Gas . 109% 109% 109% 100% No Amn Cos 50% 49% oO . • • Peoples Gas .. . ff ,, •i; l . 1-4% St G and El 55 % 55 % 65 % ... Wn Union 144% Shipping— Am Int Cpn .. ... ... 38% Am Sand C . . ... • • • 7 Atlan Gulf. .. ... • t,i,, I M M pfd 35 % ... 3o % 85 % Untd Fruit 115% Amn Sugar. 80% 79% 80% 70%, Am Bt Sue. 22 ... 22 22 Austin Nitm .. ... ... 8% Calif Pack. 69 ... 69 ... Corn Prods. 50% 60% 50% 60% Cuba Cn pfd 42 ... 42 ... Cu Am Sug 25 , 24% 2o 25 Fleischmann 48 % ... 48 % 48 Postutn ... 99% ... 98 99% Wahl Bak B 27% ... 27% 27 Tobaccos,— Am Sumatra . . 36

Indianapolis Stocks

i—Nov. 16— —Stock*— Bid. Ask. Am Central Life .....300 ... Amer OreosoCng Cos ofd. . . . 100 M> ... Ad Rumely Cos com 14*4 15 Ad Rumeily Cos Did 4ti 50 Beit R R com 00% 70% Belt R 9 pfd 67 62 Cent Ind Power Cos pfd. ... 80 ... Centurv Bide Cos old 100 Cities Serv Cos com 48 % ... Cities Service Cos pfd 92’A 92 % Citizens Gas Cos com 50 60% Citizens Gas Cos pfd . . . . 105 % Commonwealth Loan Cc pfd 99 ... EauHable Securities Cos com 51 ... Hook Druj Cos com 2814 ... Indiana Hotel com 110 ... Indiana ,r o’el nfd .......101 ... Jnrianapolis Gas 58 61 indpls A Northwestern old 48 ... Indianapolis St R.v 39 43 interstate Put ier or lien nf 97 ... Merchants a ub Dtil Cos nfd. 98 ... Progress Laundry com .... 21 % ... Pub Sav Ins Cos 14' ... Rauh Fertilizer nfd 48 ... w. Si u Besterw ofd 97 100 Standard OH Cos Ind 05 ... Sterling Hire Ins Cos 15% ... T H I & E com 1 4 T H I A E nfd .... 23 26 T B T A L Cos pfd 90 Cnion Trac of Ind com 1 Union Trac of Ind Ist Did. . .. 10 Union Trac of Ind 2d nfd.. .. 2 Union Title Oo com . , 88 Van Camp Pack Cos ofd .. .. io ... Van Camp Prod Ist pfd.. 91 95 Van Camn Prod 2d nfd 95 Wabash Ry Cos com 44 ... Wabash Ry Cos Did 73% —Bonds— Ben R R And Stock Yds 4e 90 Broad Riple 5s 79 82% Peroral inrl '.s Gas 98 Central Ind Power Os 100 ... Central Ind Power 75....'. 9*% Citizens Gas 5s 100% 10l ißs Indiana Coke and Gas Os.. 102% Indiana Hote l 5s .... 98 Indpls & Northern 23% 25 Ind Rv and l.ia-ht 6s P 5 Indiana Service Corp 03 ... Ind Union Trac 5s 2 ... Indpls Col A So 0s 98 101 Indpls Gas 5s 99 100 Indnls Lt and Ht 5a 109% Indpls A Martinsville 00 ... Indpls A Northern 94 26 Indpls Northwestern 5s .... 00 ... Indpls 8t Ry 4s . 04 05 Indpls Shelbyville. A S E. . 3 . . Indpls Trac and Term 5s . . 94% 90 Indpls Union Ry 5s 101 ... Indpls Water Sec P 7 Indpls Water 5%s 103% 104% fndnls Water 4%s 94% 94% Interstate Pub Serv 0%5..103 ... Interstate Pub Serv 0%5..103% . Tr I A E 5s 75 . . * T H T and Light 5s 04 Union Trac of Ind 0s 21 23% —Bank Storks— % Aetna IVust and Sav Cos .. .114 77~ Bankers Trust Cos 130 ... Cit.v Trust Cos . 140 Continental National 114 .... Farmers Trust Cos ....230 Fidelity Trust Cos 154 *.. Fletcher American , 109 Fletcher Sav ’no Trust Cos 250 Indiana National Bank ....208 272 Indiana Trust Cos 228 250 Livestock Ex Bank 100 170 Marion County State Bank. 103 . . . Merchants Nat Bank 320 Peoples Itatr Bank .. . 246 kernrit. Trust 250 State Saving and Trust 98 Union Trust Company 400 Wash Bank and lTust Uo 158 —Liberty Ronds—ls<f 3%s 100.30 100.50 Ist 4%s 102.40 102.50 !>d 4%s 100.54 100.00 3d 4% a 101.10 101.10 4th 4%s 102.70 102 90 U S Tr 4%s 108.70, 108.80 IT 8 'IV 4s 104.70 104.80 US Tr 4%s 102.00 102.J0

Amer Tob .120 ... 120 119% Am Tob B 119% ... 119% ... Cons Cigars. 78% ... 78 78% Lorillard . . 32 31 % 32 31 % It J Rynlds 118% 117% 118% ... Tob Prod B 108 % 108% 108% 10S% U C Stores 96% 95% 90 9.) Schulte US.. ... ... 46 is BEARS DOMINATE IN GRAIN MART Wheat Loses on Liverpool Break at Opening. Bu United Press CHICAGO, Nov. 15.—A strong bearish atmosphere prevailed as the Chicago Board of Trade opened today. Wheat, opened % to 1% cents lower at Liverpool today arid this influence depressed the local market. Wheat opened % to hi cents lower. The Liverpool drop, together with anticipated heavy receipts, caused the weakness here. Corn opened % cents higher in all positions. However, the outlook is strongly bearish as heavy receipts continue to flow in. An increase in the visible corn supply is expected today. Oats showed no strength of Its own, opening %c upon all deliveries. Provisions openfed unchanged. Chicago Grain Table WHEAT— ~ i,ov - 15 p,. ( , v _ High. Low. 11:00. close! May 1.41% 140% 1.40 V* 1.40% Corn—' % 133 * 133 133 Dec. . 69% .68% .68% .68% May 78% .77% .77% .77% JU (?AT9 BI 80 - 80% -80% Dec 41% .41% .41% 41% May 46% .45 AS A5% JU RYE-I'' ' 45% 45 - 45 % -45 Doc 94% .04 .94 .94% M i y -uii?V' I ' ol,fc 10 ° T * 101 i-oi Jan.. .... 11.82 11.72 11.75 11.72 March ... 11.83 11.83 11.80 May 11.92 11.85 11.92 11.82 RIBS— July 12.25 CHICAGO. Nor. 15.-—Cariot receipts: Wheat, 37c: corn. 161: oats. 45: rye. 2. CHICAGO. Nov. 15.—Primary receipts: Wheat. 1.262.000, against 1,575,000: corn. 955.000, against 805.000: oats. 616.000, against bB2OOO. Shipments: Wheat. 1.040,000. against 894.000: corn, 253.000. against 348,000; oats, 300.006. against 439.000.

Produce Markets

Eggs—Strictly fresh delivered at Indianapolui. 46 0 47c Butte.- (wholesale prices) Creamery, best grade a pound. 510 52c: buying price for packiiig stock, 20c. Poultry Fowls, 19 0 22c: Leghorns 14 016 - ducks 15@17c. Cheese (wholesale buying prices)—Wis eonsin Daisies. 34 025 c: Longhorns. 24® 27c: Limburger 27c. Butterfat—Local dealers Day 49 0 50c NEW YORK. Nov. 15.—Flour—Dull, unsettled. Pork—Steady: mess. $37. Lard—Easy: middle west. $12.40012.50. Sugar—Steady: 96 test. 4.58 c: refined, quiet' granulated. 5.05 to 5.90 c. CoffeeRio No. 7. 16%@16%c: Santos No. 4, 20% ® 21c. Tallow—Weak: specials so extra. 7%07%c. Hav—Fairly active: No. 1. $1.4001.46: No. 3. $1.1001.30: clover. $1.0501.40. Dressed poultry Steady: turkeys 30®520: chickens. 20 (n 42c: capons. 35045 c; fowls. 17035 c: ducks. 27 029 c: Long Islands. 31 to32c. Live poultry—Steady: geese. 13 0 20c: ducks. 13 0 34c: fowls. 24 0 32c: turkeys. 40c: roosters. 18c: broilers. 32 040 c: chiikens. 22 0 26c. Cheese—Firm; state milk, common to special. 25 027 c: young Americas. 24 Vi t024%c. Butter —Steady; receipts. 4.050: creamery extras. 50c: specail market. 50%0 510. Eggs—Strong: receipts. 5.720: nearby white fancy. 79t0 80c: nearby state whites. 50078 c: fresn firsts. 46 0 51c: Pacific coast, first to extras. 43 077 %c: western whites. 40® 58c: nearby browns. 03 0 7(10. Potatoes —Long Island. $3.50 06: state. $4.7505: Maine. $4.35® 5.00. . CLEVELAND, Nov. 15.—Butter Extra in tubs, 52%@53%c: extra firsts. 45 %®47 %c: firsts. 50 %051 %c: packing stock. 30c up. Eggs—Extra. 59c. heavy firsts, 50c: firsts. 49c; ordinary. 86c: pullets. 32c: refrigerator firsts, 37c. Poultry—Heavy fowls. 26 027 c: medium. 22®24e; Leghorn. 16®18e: heavy springers. 34 0 26c; Leghorn. 20 0 31c; ducks, 24 0 26c: geese. 20 0 22c: guinea hens, $6 a dozen. Potatoes—lso-pound bags round whites. Michigan. $4.25: Petoskpys. $4.36 0 4.50; Maine, SSO 5.25. according to condition. Ohio, $1.86 0 2 per bushel; New York. $4.3.i; Gainesville. $4.65: Idaho russets, 120-pound sacks. $4.10 0 4.25; Wisconsin and Minnesota. 150-pound bags. $4.25. CHICAGO. Nov. 15.—Butter—Receipts, 5.469: creamery. 48 %c: standards. 45c: firsts. 40% 0 43 He: seconds. 36039%0; extras. 45%047%c. Hogs Receipts. 0.392 : ordinaries 400 440: firsts. 4n 0 60c; seconds. 47c: extras. 50% 052 c. Cheese—Twins. 33 0 33%c: Americas, 23% 0 24c. Poultry—Receipts. 23: fowls, heavy 23 %e: small. 17c: springs. 22c: ducks, heavy 24e. small 20o: geese. 18® 19e: turks. No 1. 36c: No. 2. 20e: roosters 18c. Potatoes—Receipts, 545 cars: Wisconsin sacked round whites. $2.2502.45. occasional shade higher: Minnesota sacked round whites. $2.25@ 2.35: Tdaho, sacked rqpstes. $2.7503: occasional fancy shade ■ higher: poorer low at j 52.50. $74,000,000 to U. STrade Advantage Bu United Pres3 WASHINGTON, Nov. 15.—The United States had a favorable trade balance of $74,000,000 In October, the Commerce Department announced today. Merchandise exports for October totalled $457,000,000. Imports for ,the month were $383,000,000. For the ten months ending Oct. 30, exports totalled $3,366,488,000 and imports $3,705,092,000, leaving a favorable trade balance for the ten months of $161,396,000. Exports for October as compared with the same month last year showed a loss of approximately $33,500,000. The loss in the trade bajance was $42,500,000. In the Sugar Market (By Thomson At McKinnon) NEW YORK. Nov. IS.— Louisiana is expected to have the second smallest sugnr harvest in twenty years, and. according to current reports from the beet fields of tilts country, final production will fall short of original estimates. Allowing for the fact that Cuban production will start Jan. 1, instead of in December, stocks of raws will probably be no larger, if as large, ns they were at the outset of 1920. Switching operations will continue this week, but nevertheless I believe the market will give a good account of itself. In the Cotton Market (By Thomson A McKinnon! NEW YORK, Nov. 15.—Don’t expect too much of the cotton market just now. The problem of distribution has not been solved, but substantial nrogress has been made. I suggest buying some cotton on the declines at a price where we know spinners are in the market and accepting a moderate profit. This will mark your cost price down to a point from which a long campaign may be started later on. Local Wagon Wheat Local grain eikrators ata paying $1.26 tor No 2 red wheal Other rrades are ourchased on thqir merits

THE INDIANAPOLIS TIMES

Light Run and Rise .in Other Marts Give Strength— Top, 12.35. —Hue drier Utilize— Nov Bulk Top. Receipts 9 12 60 012.75 12.75 7,000 10. 12.25012.50 12.60 6.000 11. 12 00012.25 12.25 5.50 u 12. 11.75012.00 12.00 . 6.500 13 11 7'.®12 111 12 10 2 500 15. 12.000 12.35 12.35 4,500 The hog market at the Indianapolis Livestock Exchange gave a good account of itself at the start of the new week, rising 25 to 50 cents. A short run, together with an increase at the Chicago market, tended to buoy values ‘ and cause them to rise instead of slumping as they did almost continuously last week. The run was estimated at 4,500 fresh and 262 hold-over hogs. Top price was $12.35 with the bulk of the hogs sellling over a spread of $12 , 5>12.35. Packing sows were 25 cents higher at $,10011.25, while smooth light sows brought an even higher price, some selling up to $11.75. Hog Price Range Hogs weighing 100-110 pounds were sold at $11.50; 110-120 pounds, $11.75; 120-140 pounds, sl2, 40 to 50 cents higher; pounds, $12.25 @12.35, 15 to 25 cents higher; 275300 pounds, sl2, 15 to 25 cents higher, and 300 pounds up, [email protected], 25 cents higher. The cattle market was about steady with most stock showing poor quality. Receipts were estimated at 900. Yearlings sold at slo@>ll' steers, [email protected]; heifers, $5.5009.50, and cows, $7 down. Calves Are Steady The calf market was fully steady, good and choice vealers selling at The run was estimated at 500 calves. There were hardly any native lambs on sale in the sheep and lamb department. One shipment of Westerns was received. Sales were largely made at sl2 .wijth some of the choice stock bringing the top price of $12.50. The run was estimated at 300 ovines. Bucks continued to sell at s3@s; breeding ewes, $6.50 up, and sheep, $4 @6.50. 100-110 lbs $11.50 no-120 ibs 1175 120-140 lbs 12 00 140-275 lbs ... 12:25 010 35 205-300 lbs 12.00 300 lbs. up 11.50011.75 —Csttlr— / Yearlings . SIO.OO 011.00 Steers 7.00® 10.X5 Heifers, common to choice. 5.500 9.30 Cows .: 7.00 down _ —C*lv*— Best veals ..$14.00 Bull of sales 13:50 0 14.00 _ —Sheen and Lambs— Dam is SIO,OO 0 Hi.oo fuel* '3.00 0 5.00 Sheep .. ~ 4.00 0 6.50 Breeding ewes 6.50 ud Other Livestock j Nov. 15.—Cattle—Receipts, 31,000: good to choice fed steers, all weights, steady; others weak to lower: half finished veariings, liberal supply. 10 015 c lower; approaching holiday weakening factor: early top yearlings. $12.25: best heavies, $10.7.>; heifers on with ycarlingß: she s4*ick steady-; bulls weak to 25c lower: vealers steady at sll down. Sheep—Receipts. 21.000; market slow- few opening sales of fat_ lambs fully 25c lower at sl~.so(ft 12.70: holding choice natives and fed westerns. $13.25; most bidding unevenly 25t060c lower: sheep steady to weak with Friday’s decline. oO to 75c lower than Thursday: feeding lambs 250 50c lower, range, sl2 to: 12.5(1; choice kinds. sl3. Hogs—Receipts, 35.000: market ac. Uye. 10016 c higher; top. $11.0.5; bulk. $11.25 to 11. /■>: heavyweights. $11.50® 11.95; mediumweights. $11.50011.95; lightweights. $11.40011.80; light lights. $11.40 011 75; packing sows, $10011.25; slaughter pigs, $11.25 011.76. EAST BUFFALO, Nov. 15.-—Hogs—Re-ceipts. 14,000; held over, 593; market steady; pigs ,25c up; 250 to 350 lbs.. $11.50® 12.1i>. 200 to 250 lbs.. $11.90® 12.25: 160 to 200 lbs.. sl2 012.40; 130 to 160 lbs., $12.50012.75: 90 to 130 lbs,. $12.50® 12.75: packing sows. $9.75 0 10.75. Cattle—Receipts. 3.600: calves. I, market for cattle steady: heavy steers 25c off: calves steady: beef steers, $7.50 011; light yearling steers and heifers. $1.50: beef’ cows. $5.5006.50: low cutters and cutter cows. $2.5006: vealers, $14.60 to 15. Sheep—Receipts, 17.puO. market 50c off; sheep steady; top fat lambs. $13.50; bulk cull lambs. s9® 9.50; bulk fat ewes. $5.5006.75. EAST ST. LOUIS. Nov. 15.—Hogs—Receipts, 10,000: market 10 015 c higher; 250 to 350 lbs.. $11.55011.90: 200 to 250 lbs.. $11.750 12: 160 to 200 lbs.. $11.650 12.05; 130 to 160 lbs., $11.75® 12: 90 to 130 lbs.. $11.46011.90: packing sows, $10.25011. Cattle—Receipts, 6.0OO: market steady to strong; beef steers. s7to 8.50: light yearling steers and heifers. $6.50 0 9.50: beef cows. $5.25 06. low cutters and cutter cows. $3.50 0 4.75; vealers. $13.50; heavy calves. $6.65® 7.35. Sheep—Receipts. 2,000; market for fat lambs 2oc lower: top fat lambs, SI3AO: bulk fat lambs. sl3; bulk \culi lambs, $8.50; bulk fat ewes, $4 06. CLEVELAND. Nov. 15.—Hogs—Receipts. 3.700: market steady to 25c higher: 260-350 lbs.. $12.160 12.25: 200-250 lbs.. $12.15 012.25: 160-200 lbs.. $12.20 012.50: 130-160 lbs.. $12.26012.60: 90130 lbs.. $12.35012.75: packing sows. $10.25 011. Cattle—Receipts. 1.400; calves. 1.100: market, cattle steady; vealers 50c lower: beef steers. $7.500 8.25: beef cows. $5 ®6: low cutter and cutter cows. $3.5004.50: vealers. $14015: heavy calves. $9.50 011. Sheep—Receipts. 4.500: market, lambs 35050 e lower; top fat lambs. $13.50: bulk fat lambs. $13013.50: bulk cull lambs. $9.50 010.50: bulk fat ewes. $506.50. CINCINNATI. Nov. 15—Hogs Receipts. 5.500. holdovers. 181 : market 25c highefti 250 to 350 lbs.. $11.50012.25; 200 fb 250 lbs.. 512 25012.35; 160, to 200 lbs.. sl2 013.35; 130 to 160 lbs., $11.75012; 90 to 130 lbs.. $10.75® 11. packing sows. $9.50 0 9.75. Cattle —Receipts. 3.050: calves. 650: market steady to 25c higher; beef steers. S6O 9: light, yearling steers nad heifers. s6® 10.50; beef cows. $4.6006: low cutter* and cutter cows. $3.40®4.20: vealers. $9 @l3. heavy calves. $509; bulk stoeker and feeder steers. $607. Sheep Receipts. 200; market steady: top fat lambs. $13.75: bulk fat lambs. $11011.35: bulk ,cuil lambs. $507; bulk fat ewes. $3.25 @ 6.1 PITTSBURGH. Nov. 15.—Hogs—Receipts. 51)00: market active. i5 02oc higher: 250-350 lbs.. $12.25012.40: 200250 lbs.. $12.40012.50: 160-200 lbs. $12.50® 12.60: 130-160 lbs. $12,500 12.60; 90-130 lbs.. $12.50012.60: packing sows. $10.50 011.25. Cattle—Receipts. 1.500: market slow, mostly steady: beef steers $809.50: light yearling steers and heifers. $7 (a 8 * beef cows. $6 to 6.50: low cutter and cutter cows. $3 04: vaelers. $14.50015: heavy calves. S6O 11. Sheep—Receipts. 500: market, lambs steady, sheep steady: top fat lambs. $13.65: bulk fat lambs. $13.25 0 13.50. BEQUEST FOUND ARMSTRONG, Mo.—After seven yenrs of search Calvin George has found $7,100 in Liberty bonds. The missing treasure, which was left to him by Pope Cunningham, was discovered in a pile of old papers and envelopes in a Mexico (Mo.) bank. A note in a check book left by Cunningham had indicated that he had paid the Boatmen’s Bank, in St. Louis, $7,100 for Liberty bonds, but for seven years they could not be found. U. S. TO QUIT AIR MAIL Last of Lines Will Re Turned Over to Private Control. Bv United Press WASHINGTON, Nov. 15.—The United States government today prepared to withdraw entirely from the operation of airmail lines. The Postofflce Department advertised for bids for com/ierclal operation of the New York-Chicago and ChicagoSan Francisco airmail lines the only lines still operated by the Government. The commercially operated lines are expected to carry both passengers and mail, marking the inauguration of scheduled coast to coast passenger air traffic in the United States.

Declare Dividends ssjjj pjjfti.q /iff WILMINGTON, Del., Nov. 15. —E. I. Du PoYit de Namours & Cos. today declared an extra dividend of $5 in addition to the regular quarterly dividend of $1.75 on common, placing the New common stoefl on a $7 annual basis. NEW YORK, Nov. 15.—Ken necott Copper Company today declared a dividend of $1.25, placing the stoc kon a $5 annual basis, compared with $4 annually previously. The dividend is payable Jan. 2 to stockholders of record Dec. 3.

PROSPERITY-WAVE TOBEPERMANENT Optimistic Reports From Leading Executives. 1 NEW YORK, Nov. 15. —America is riding the crest of what appears to be a permanent wave of prosperity, according to reports from leading industrial and financial executives compiled here by the national industrial conference board. Prevailing business conditions will prevent serious depression “as &ir as the immediate future is concerned" and modern methods will avert a panic, the report says. ( Greater Economy According to Magnus W. Alexander, president of the board, lower prices are a symptom of greater economy in production and distribution and of credit economies. Together with the prevailing high wage levels, these have resulted in the highest purchasing power of wage earnings ever known. “Real weekly earnings,” were reported about 29 per cent higher than in 1914, 9 per cent higher than In 1920, and nearly 1 per cent higher than a year ago,” Alexander said. Increasing stability was -given as the outstanding characteristic of business development in the past five years. “The widely diffused, better and more prompt factual information regarding industrial and commercial conditions at the present and improved credit facilities,” Alexander said, “are proving a powerful factor in levelling pealjs and depressions and in forestalling panics.” Panic Unlikely Corroborating this view, a widely knov/n industrialist added, if we have any more business panics, they will be man-made rather than unavoidable events.” „ No major signs of decline ware found by the board in the volume of production. The board reported the “credit situation good.” Bank rates, although slightly higher than a year ago, are not so high as to hamper legitimate enterprises. The anthracite and coal industry was reported as “almost recovered” from the effects of the 1925 strike. In the automobile industry, Experiencing at this time the usual seasonal let-up, no unfavorable factor was recorded. FATAL SHOOTING IS INVESTIGATED Coroner Paul F. Robinson took testimony today from Joseph B. Day, owner of Day’s Casino, Southeastern and Emerson Aves., following the fatal shooting early Sunday of William Stevenson, 55, negro porter, 1808 N. Arsenal Ave. The bullet that killed Stevenson was fired by Day from a bedroom window at his home, about 600 feet from the Casino, the victim being for a burglar. Day said the barking of his dog awakened him about 5:30 a. m., and. looking out, he saw a machine parked beside the Casino and a light in the kitchen. Having been held up and robbed of about SSOO Sept. 20, Day thought burglars again were visiting his home. So he secured his rifle and shot at the foundation of the building to scare away the intruders. Investigating, he found his porter, a faithful servant for almost three years, lying on the Casino floor, dead. Usually Stevenson did not come to work until 7 a. m. and Day said he did not know why the man had arrived early on Sunday. Girl, 16, Slays Man She Calls Betrayer Bu United Press NEW YORK, Nov. 15.—Catherine Di Mino, 16, was arraigned today charged with killing the man she says betrayed her and then tried to extort money by telling the secret to her husband. The shooting occurred Saturday nigh't in a crowded Bronx SL The girl came here from Chicago, waited fop the man, Luigi Fino, 34, in his accustomed haunts, and . shot him down. The girl said she was assualted here when she was 12 years old Later she married and moved to Evanston, 111., wKh her husband When Fino told his story, she said, her husband drove her out of the house and she came east for revenge. CASE IS CONTINUED Court action against Grace-Ford, Jesse Stephens and Ina King, for alleged robbery of the Union Trust Company branch bank on Kentucky Ave., was continued until Saturday in Criminal Court today. Judge James A. Collins ccntinued the case when Ira Tolmes, defense attorney, could not appear. Inai King, released on her own recognizance, did not appear in answer to a subpoena. Three other are serving sentences for the robbery. PUBLISHER FALLS DEAD Bit f tiffeti /’•’(•hr DES MOINES, la., Nov. 15. Lafayette Young, Sr., publisher of the Des Moines Capital for* many years, dropped dead here today. Death was due to heart disease, physicians said. He was seventy eight years old.

FUND WORKERS WILL CARRY ON TOWARDS GOAL Just Over Top of Last Year’s Sixth Report, Day’s Total. BULLETIN The Community Fund campaign total mounted to $594,274 today .when workers reported at the noon luncheon. Just over the top of last year’s sixth report day’s total, workers in the 1927 Community Fund campaign today voted to carry on the campaign until the $683,000 quota is reached. With less than SIOO,OOO needed to reach the goal, a “do or die” spirit prevailed among the 200 persons gathered at the Claypool. Real Opportunity “We have a real oportunity to make our quota,” Herman P. Lieber, campaign chairman told the workers, ‘‘if we stay with the job and see it through. Because although we may not exceed by much the total raised at th esixth luncheon last year, there is more money out of which we ate sure, both in the employes’ division, and in Special Gifts “A” then we had at this time last year.” A total of $23,430 was turned In today by Special Glgts “A.” The division reported that a number of Its prospects had been out of town or ill and thus far had' been unable to give. Magician Helps To aid the Community Fund. Nicola, magician, noty at Keith’s, escaped from a straightjacket after being suspended in air from the ladder of a fire truck today £.t noon near the Lincoln. Nicola presented a check for several hundred dollars to the Community Fund in behalf of the Keith- ; Albee circuit and the local Keith | house. UTILITIES PAID , $19,000, CHARGE (Continued From Page 1) that engineers of the commission in making an appraisal now are accepting statements from officials of (he two companies as to what properties the companies own and are placing a valuation on these properties. The commission's engineers are asked to make a complete inventory of the properties and make an appraisal on the basis of that inventory. The .petition .also .charged .that present rates of the two companies are "excessive” and that the compa nies’ incomes exceed “a reasonable return” to the owners. It asks an investigation of the present rates of the companies in connection with the investigation of the proposed merger. The two attorneys represent the Chapman-Price Steel Company, the G. & J. Tire Corrtpany and the American Foundry Company. Rucker’s injunction suit charges that in September, 1924, Ed Jackson, then Republican nominee for Governor, conspired with McCardle, Samuel Instill, Martin Insull and Harley L. Clarke of Chicago; David C. Stephenson, then a Republican boss; Harry Reid, president of the Interstate Public Service Corpora tion; Robert I. Todd, pesident of the Indianapolis Street Railway Company and of the Terre Haute, Indi-, anapolis & Eastern Traction Company, and others whose names are unknown to plaintiff. The conspiracy, the corporation counsel charges, was to the effect that in consideration of $19,000 to be paid to McCardle, Jackson and others for Jackson’s campaign fund, Jackson was to retain on the public service commission only such members as “would be unduly and illegally favorable and have friendly interest to the plans, schemes, wishes and desires of the said. Instill and Insull, Clarke, Todd, Reid, their associates and confederates ” THREE ADD MERGERFIRST HOME— Aim tel* AalslfiSßffi To Retain McCardle The complaint charges that the Governor specifically was to retain McCardle on the commission and that there should always be one and preferably three or more members of th.j commission who would unduly favor the utilities. Rucker charges the $19,000 was paid in November, 1924, Jackson was elected Governor and in May, 1925, appointed Clyde Jones on the commission and reappointed McCardle "pursuant to the exact terms of said conspiracy.” The corporation counsel makes the additional charge that Commissioner Samuel R. Altman, in order to procure support of the Clarke and Insull utility interests in his race for Republican nomination for Supreme „ Court judge, agreed to vote for McCardle as chairman of the service commission and that, by reason of Artman’s vote, McCardle was elected chairman prior to the Republican State convention in which Artman was a candidate. Artman now is desirous of remainlng on the commission or being appointed to the State industrial board and “thereby is compelled to and does favor the said public utilities at the cost and injury of the public for the reason that he now sea -s his removal by said Governor should he not vote in favor of said public utilities,” Rucker alleges. The complaint takes occasion to state that Commissioner Frank Singleton being a member of the “minority faction” is "impartial between the public and said utilities.” Other States Liberal donations to the campaign funds of Governors of Indiana and Illinois paved the way for appoint-

ment of public service commission members favorable to the utilities controlled by Insull and Clarke, the complaint further alleges. The contributions Included some to aid In the election of a candidate to "the oiffee of Senator in the Senate of the United States,” Rucker alleges. Sale of bonds and preferred stock of the utilities below par was authorized by the public service bodies as a result of the agreements, according to the complaint. “Thereupon said would themselves, or by and through their agents and confederates and holding companies, purchase said bonds and preferred stocks at low figures and market and sell the same subsequently at par or at a premium and thereby reap large sums through such manipulations, the said operating companies upon which the obligation of bonds and preferred stocks would be compelled by increase of rates to the public, to pay the charges and make good return upon the par value of the securities,” was Rucker’s outline of the result. Monopolization and destruction of competition with a view of raising the rates in the cities where there ■was no competing company followed, according to the complaint. City Hindered Mobilization of a huge staff of attorneys, expert accountants and utility engineers by the defendant companies and individuals has made it “difficult for the public and city to procure adequate legal, engineering and accounting assistance in order to provide quickly and adequately for any trial before a pqblic service commission,” Rucker alleges. Dummy Company Defendants formed the Indianapo 11s Power and Light'Corporation, as a dummy, to purchase 71.43 per cent of the voting stock of the Indianapolis Light and Heat Company, according to the petition. The Middle West Utilities Company, a similar organization, acquired control of 28.5 per cent of the Light and Heat Company stock, while its competing company, the Merchants Heat and Light Company, is owned 100 per cent by the Central Indiana Power Company, an Insull-owned corporation, it was pointed out. Rucker’s brief emphasizes the effort of the utility corporations to operate outside the jurisdiction of Indiana authorities. "They never have submitted to the jurisdiction of the commission or to the Indiana laws relating to them, and thereby the commission has been deprived of authority to inquire into the management and the business of these foreign public utilities and has ljen unable to keep itself informed as to the manner and method in which the same is conducted and has never had the right to obtain from the foreign utilities any necessary information to enable the commission to perform its duties or to enable the public and the plaintiff to inform themselves in any way,” the complaint avers. Prevents Check The evasivq procedure, the complaint points out, prevents the commission from Inspecting books, accounts, papers, records and memoranda nd to obtain testimony under oath from officers, agents and employes of the utilities. Through creation of “vast, false and fictitious valuations,” the corporations have conspired to obtain rates much higher than those now in effect, Rucker stated. Similar maneuvers have been, or are in tne process, in Illinois, Kentucky and other States, it was pointed out. “Such contract, cf nj)natlon and conspiracy is in restrain of trade and commerce among the several States o fthe United States in violation of the laws of the United States and especially what is commonly known as the Sherman Anti-Trust act and law,” the complaint avers. The city will seek relief either in Federal Court or before the Federal Trade Commission, Rucker said. Immediate issuance of a restraining order against the merger was asked because ‘the public will suffer great and irreparable loss, especially should such petition now be lieard and should not ample time be granted for the proper presentation of this complaint to the court.” The emergency would demand Issuance of the order by Judge Chamberlain without delay, according to the corporation counsel’s contention. For City Ownership ‘There is every probability an increase in rates will be necessary if the commission approves the merger," Boynton J. Moore, city council president, said today in asserting of the council to fight the proposel. Moore ’broached municipal ownership as a solution of the problem and declared .that a resolution to that effect prohably would be presented at council meeting tonight. “With a city-owned plant, rates for electricity to the city would be as low as 1% to 2 cents and for power purposes at just about the same figure," Moore said. “With cheap power Indianapolis would begin to attract industries and realize its ambition of a million population.” Furniture Trade Shows Good Gain Bu Times Bvecial With many furniture factories in Indiana, the substantial improvement in this industry is of importance locally. Against a poor market in May, June and July, sales of furinture since the first of August have been heavy, bringing the total to date j ahead of the record for the comparative months of 1925. Not only have Instalment houses been doing well, on account of featuring special clearance and reduction sales, but old-established firms that make a specialty of the best grades and cater to the trade of the wealthier classes also report a fair turnover. The average increase In distribution Is around 10 per cent. The greatest demand seems to be for medium-priced merchandise, with ‘‘period’’ furniture the current vogue. Overstuffed sets are moving well, and the sale of flofloflrfl fleoverings, especially rugs, is reported to be satisfactory. Fall business in school equipment has been good, and the call for metal commercial furniture has been satisfactory. A rough estimate of production gains Is placed at 15 per cent, with demand well up to output, allowing the factories practically no opportunity to accumulate a surplus stock.

PAGE 11

FARMERS PRESENT DRAB PICTURE OF STATE CONDITIONS Banks Get Lands Because Owners Are Unable to Pay Loan Interest. A drab picture of the lot of the farmer In Indiana, Illinois and Michigan was painted by farmers, bankers and business men today at the opening session of a regional agricultural conference under the auspices of the Chamber of Commerce of the United States and the Indianapolis Chamber of Commerce at the Lincoln. Farmers, it was asserted, are abandoning their farms and turning them over to the banks because they are unable to pay interest charges. Two hundred are in attendance. Frederick E. Schortemeier, Secretary of State, presided. Informal Talks The conference |s held in the form of Informal discussions by the members, the talks lasting not over five minutes. It was the concensus of the delegation that more credit would not solve the problem of the farmers. “We 'farmers are more Interested in paying off the credit we have than in getting more,” said L. K. Wyckoff of the Porter County Farm Bureau. “The farmer has not increased his credit because he is afraid,” C. S. Masterson of the Indiana Farm Bureau said. "The average farmer knows he has all the credit obligations he can assume.” John J. Brown, State tax board chairman, said that farmers are turning their uand over to the banks and offers by the latter to sell bring no response. "The economic condition in Indiana Is such,” he said, “that, notwithstanding that many farmers have employed good business practices, they are unable to pay off their interest.”

CONCRETE DOE FOR FAIR SHOW IN CITY PAVING Removal of discrimination against concrete is said to be a chief feature of the new street paving specifications which the board of works will receive today from City Engineer Chester Oberleas. Representatives of asphalt, concrete and other paving interests have been invited by the board to attend a session at 2 p. m. t to express their views concerning the new regulations. Following the dismissal of City Engineer George G. Schmidt, board members decided to modify specifications he had prepared, on the ground that they penalized concrete paving through thickness and reinforcement requirements, while they did not create as stringent requirements for asphalt paving. There also was a belief that the regulations for asphaltic concrete were so lax as to allow construction of streets with paving similar to "amasite,” a cold mix material sold by J. A. McDonald, a friend of Lem 11. Trotter, board member. “My view is to thrash out this matter and ’et all angles of the situation be discussed," Roy C. Shaneberger, board president, said. ‘MARSHALL CLASS’ Os SCOTTISH RITE The seventy candidates comprising the first section receiving Scottish Rite degrees have assumed the title "the Thomas Riley Marshall class,” honoring the former Vice President of the United States and Governor of Indiana. Marshall was an active member pf the supreme council of the Rite for Indiana for many years. The chrysanthemum was chosen as the class flower and Charles Remster, president, appointed committees. The twenty-first and twenty-second degrees were conferred last week with William F. Kreuger and Edward H. Mayo respectively presiding. The twenty-second to twenty-sixth degree.! were conferred by communication. The twentyseventh degree will be conferred Wednesday night and the twentyeighth will be communicated. The pinnacle degree of Knights Kadosh, the thirtieth, will be conferred after a recess from Wednesday night to Nov. 30. The consistory degrees, the thirty-first and thirty-second, will be conferred between then and Dec. 8.. Movie Actress and Former Director Wed Bu United Press HOLLYWOOD, Cal., Nov. 15. Laura La Plante, screen star, and William E. Seiter, formerly her director, but now her husband, were honeymooning today at Del Monte, exclusive central California resort. Married Sunday, Laura and William must forego an extended honeymoon until they complete a current filming, when they will probably go to Europe. FEAR U. S. COTTON Bu United Press CALCUTTA, British India, Nov. 15.—America’s big cotton crop has , alarmed the Indian tt xtlle trade, Ahmedabad mill owners, testifying before the tariff board, said that the slump of American cotton prices had frightened cloth merchants and that the degression of the was becoming more severe.