Indianapolis Times, Volume 38, Number 196, Indianapolis, Marion County, 22 November 1926 — Page 11

NOV. 22, 1926

HOG MART STEADY AS NEW WEEK BEGINS

LIST CONTINUES mm during EARLYJADING Soundness of Credit Situation Aids Start of New • Week. ,

Average Stock Prices

Average of twenty industrial storks for. Saturday was 153.95. UD 1.09. Average of twenty rails. 1 17.06. up .21. Average of forty bonds. 95.82. unchanged. Bv United Press NEW YORK, Nov. 22.—Most observers agreed that strength of the stock market in the closing session last week was largely attributable to the ease of the money situation, as indicated by the fact that call money was available at 4% per cent for borrowings over the week end, notwithstanding heavy withdrawals on Friday. Further testimony of the soundness of the credit situation was set forth in the clearing house statement, published after Saturday’s close, which showed an increase in surplus reserve of $23,231,000, bringitec up to $39,603,600. maintained a confident tone Freund noon, although irregularity cropped out in various parts of the list. Atlantic Coast Line sold off 1 % to 206 on the announcement that the company planned to increase authorized common stock by $24,000,000, of which $13,500,000 will be offered at SIOO to preferred and common stockholders on the basis of one share for five held. Rights to the new issue opened at 16% and advanced to 17.

Banks and Exchanges

5 —Nov. 22 LOCAL. CLEARINGS Indianapolis bank clearings for today amunted to $3,504,000. Debits. $6,097.000. FOREIGN EXCHANGE NEW YORK. Nov. 23. —Foreign exchange opened lower. Demand sterling, $4.84% : francs. 3.51 %e. off .12c: lire. 4.11 c. off .04c: belga, 13.89 c. up .01; marks. 23.74 c. up .00%c. INDIANA IS HUGE PEPPERMINTCROP 1926 Yield Doubles ’2s—ls Meeting Demand. Hu United Press LAFAYETTE, Ind., Nov. 22.—'The 1926 peppermint crop In Indiana was •st double that of 1925, figures sed today by the department of agricultural statistics at Purdue University showed. The crop consists of 518,000 pounds of peppermint oil, distilled from 39,-300-acre harvest. Indiana leads In production, Michigan reporting 165,000 pounds, while Washington and Oregon are expected to report from 42,000 to 75,000 pounds. Indiana peppermint, generally con sidered to be without equal, has .Japan as a strong competitor. The Indiana oil Is very strong and for flavoring purposes very little is needed. According to statistics, Indiana’s mint crop is large enough to flavor six candy mountains the size of Mt. Everest. The oil is commanding a price of about sl3 a pound and has soared as high as $26 in the last year.

COTTON ESTIMATE AGAIN INCREASED Yield of 18„399,000 Bales Is Now Predicted. Hii United Press WASHINGTON, Nov. 22.—The eollon crop this year will total 18,399,000 bales, compared with a yield of 16,103.679 bales in 1925, the Agriculture Department, forecast, today reconditions reported from the ooton Nov. 14. The forecast on Nov. 1 was 17,918,000 hales. Yield of lint cotton per acre was placed at, 186.3 pounds, compared with 167.2 pounds last year. The forecast today was 481,000 hales greater than estimated on Nov. 1 because larger production was reported from North Carolina, Mississippi, Louisiana, Texas, Oklahoma and Arkansas. "There is a tendenc yon the part of many farmers who must employ labor to leave low grade cotton in the fields,” the board said. The average cost of picking this year’s crop is sl.Ol per 100 pounds of seed cotton, compared with $1.27 last year. COTTON PRICES SLUMP Drop 15 to 20 Points af New Orleans Mart Following Report. /?// Cvi+rfl Prrsm NEW’ ORLEANS. La., Nov. 22. Cotton prices here dropped 15 to 20 points below their Saturday closing levels on the reopening of the market after publication of the Government crop estimate today. The regular opening had been Steady, on the theory that the bureau report had been fully discounted. In the Cotton Market f ßy Thomson & McKinnon) "IOBK. Nov. 2'-’.—l do not attach ” speculative importance to tin Gov eminent figures to !><• published at I I a. m. Traders should take immediate ad vantage of any fluctuations they may cause. I suggest entering orders to buy 10 or 15 points below the market, or sell 10 to 15 points above, before the report oomes out. A drop of water may contain as many as 100 forms of life, visible under a microscope.

New York Stocks (By Thomson & McKinnon)

—Nov. 22 Railroads— Prev. .... High. Low. 1:00 dose. Atchison 153% 153% 154 At Cat In. .204% 206 206% 207% B& O . . 103% 103% 103% 103% Can Pacific.! 63 % 103% 103% 103 Vi C & O. .. .104% ... 163% 164 C & N W, , 70 , . , 79 £k& P-- 68% 68% 08% 68% De & Hud 38% ... 38% 170% Del & Lee 145 . . . 145 146 gne ..... 38% ... 38% 38% Erie Ist nf 46 ... 4040% Gt Nor ;ir. 79% ... 79Vi 79 Leht Valley .. ... ... 89% K C South. .. ... ... 41 % MK & T . .71 % ... si % ... 71 Mo Pao pfd 90% ... 90 90% SI C ... 130 ... 135% 135% NY NH Sc H4l % ... 41% *41% Nor Pacific 78% ... 78% 78% Nor & Wes 163 ... 102% 163% Pere Marq.... ... ... lop % Pennsylv .. 56% 56% 50% 56% Sou Railwy ” llg So Pacific. 107 % ... lf)7 100% St Paul .. 11% 11% 11% 11% St Paul pld 22 21% 21% 22 St L&S W. . ... /J ... oi% St L & S F 98 *4 98 % 98 % 98 % Un Pacific 162 % 102 162 ? 102 t \\ abash ... 39 % ... 39 % 39 (1 Wabash pfd 74 ... 74 8 74 ™ Rubbers—- £‘ Bk -> :■•*•■ 16% ... 16 % 10 % Goodrich . 40 45% 45% 45 Goody pfd 101% 101 101* 101 K/V'llys-Spgf .. ... nv U S Rub.. 59 57% 58% 57% Equipments— Am C & F. 101 ... 101 190*4 Am L0e0.,110% 199% i"< 2 Am St Fdy 43% .. . 43% 43 3 Baldwin L. 150% 147% 148 140 Vk aK„ K “:: at* “ 8* prVfei; :: ::: Pullman ..184 ... 182% lßoiyWest A R 129 % ... 129 % 129 % West Elec. 68% 68% 68% 68% Steels—tn , 44vi in tn osu&s’ 7,!7 " 7014 78 PRC& I. 43 4!?% 43 42% Rep Steel.. 55 54 % 55 54 1 Slops-Sheff 126 123 126 121% 7 S Steel.. 147 144% 146% 144-C Vanadium.. 41 ... 41 41% Motors— Am Bosch ... ... . 16 % Chandler Av* Chrysler .. 35 % 35% 35% 35% Conti Mot.. 11% 1L 11% 11% Dodge ... 23 Vi 23 % 23 % 24 Gabriel ... 32 % 32 32 % Gen Mot.. 139% 137% 138% i.37% Hudson ... 45% 44% 45 44% Hupp .... 20% ... 20% 21 Mack .... 97 % 95% 96% 95 Vi Martin-Par. 21% ... 21% Nash .... 56% ... 56% 66 Packard . 35% ... 35% ... Pierce-A r... 23% ... 23% ... Studebaker. 50 48 Vi 49 % 49 % Stewart W. 70 69 09% 58 Vs Timken ... 82 % 80 82 80 Willvs-0v... 21% 20% 21 20 Vi White Mot. 57% 56% 67 Mining— Am Smelt 135% 133% 135% 133% Anaconda.. 48'I 48 48% 48 Inspiration. 20% ... 26 Vi 20 Vi Tnt Nickel. 37 36% 36% 36% Kennecott. 63 % ... 62 % 62 % Tex G& S 49% ... 48% 49 U S t Smelt 36 ... 36 35 Vi Cal Petrol. 31 ... 30% 30% Freport T.. 30% ... 30% ... Houston .... ... ... 55 hidpend Oil 28 ... 28 28 Marland Oil 54 53% 53% 53% Mideont Pet 30% ... 30% 30% Pan-A Pete 63 ... 63 64 P-A Pete B 62% 62% 62% 62% Pacific Oil. 1% ... 1% 1% Phillips Pet 51% 51 51 51 Union Oil.. 52% ... 52% 52% Pure Oil . . 26 ... 26 26 Royal Dteh 48 % ... 48 % 48 Shell 30% 30 30% 30 Sinclair ... 17% ... 17% 17% Skelly .... 32 % ... 32 % 32 % S O of Cal. 58% ... 58 58 S O of N J. 40% 39 % 39% 39% Texas Com .54 ... 53 % 54 % Trans Pete .4 ... 3 % 4 Industrials'— Ad Rumely 13 ... 12%. 13 Allis Chaim 86% ... 80% 87 Allied Chm 134% 132% 134% 132% Armour A. 14% 14% 14% 14% Amer Can.. 52 61% 51% 51% A H & L. . ... ... 8% AH&Lpf 44 % ... 44 % 44 % Am Saf Raz 64 ... 64 63 % Cent Death. 8 % ... 8 % 7 % Coca Cola .164% 163% 104% 162% Cont Can.... ... ... 73 Certainteed . . . . ... *42 Davis (Them 20% 26% .26 Vi 26 Vi Dupont .. 166 165% 166 164 F Players 117 ... 116 Vi 116% Gen Asphalt 70% 75% 70 74% Tn Cm Eng 41 40% 41 39% Int Palter. . 57% 56 57% 56 lilt Harv ..132% 131% 132% 131% May Dp St 137% 137 137% 137% Mont Ward. 65% ... 65 64%| Owen p.ottle . . ... ... 81 ’i Radio 61% 60% 60 Vi HO % Rem Type.... ... ... 104 % Sears Roeb. 53 % 63 53 52 % United Drg . . ... ... 163% OSCIP 217 210% 211 209 U S' In A1 78% 77% 77% 77% Woolworth 194% 193, 193% 192 Utilities— Am TANARUS& T 148% ... 148% 148 Vi Am Wat W 66% ... 56% 56% Brklyn M. 68% 67% 68% 68 Col G& E. 86% ... 80% 86 % Cons Gas. 109% ... 109 108% Interboro . 50% 49% 40% 49 N AmvCo. . 50 49 % 50 48 % Peo Gas ... ... 124 Phila C-> 81 % Std G & E 54% 54 Vi 54% 54% West Union .. ... ... 143% Shipping— Am Int O. .. * 39 Am S&C. 5Vi ... 5% 5% Atl Gulf 35% Int M M p 34 ... 34 33% United Frt 119

In the S'iga" Market

(By Thomson Sc McKinnon) NEW VORK, Nov. IJS. —Higher prices for sugar on top of the advance which already has occurred, were freely predicted over the wek-end The assumption is that the markets have not discounted fully the probable effect of a 4.500.000 Cuban crop limitation. According to reports late Saturday, raw business was done at 3J-16 cents. This news made a particularly favorable impression. Demand is becoming more widespread, the recent increase in foreign purchases of Cuban raws having no little influence in the market. ( doubt that the announcement of the closing down of a large British refinery will receive more than passing attention. The feeling of confidence in the improved outlook for the entire industry is not likeIv to be easily shaken.

FRECKI.ES AND ms FRIENDS—By BLOSSER

1 T 7WOOSAT YOU CM ) SA'D VEST&RDAV WvT J l H DO YOU MEAN 7t> \ / YOU'OLEMDMEA rr-S "I WOULD IF W E3K SAY 7MAT WOO AAMEAI’T j m mi cue u i AAp owe, ossiE- H AMY moajby in yooe J BO7AOMEsr,I H BAMk ? VMAAT DID < , , / Y AAMEM7A r — ’ you DO UJI7K ALL S \ f 160 T LOTS" OF MOMEy ) SAAMCOMYOO FOR. ( 7 ilfß® IM MY BAMK--BUTI A 7ELLIM6 AM UM7RU7H* ( MO IT IS/o’7; pop- { lj IS ijl TbuD dfeCAK IDIDMT VOOR CONSCIENCE J N MS BELIENJED J * 1 / r'

Foods— Am Sugar. 84% 83% 84 83 Vi Am Bt Slur 26 25 25% 24 Vs Austin Nich . ... ... 8% Bch Nt Pkg 69% Cal Pkg. . . . ... ... 69 Com Pnls 49% 48% 40% 48% Cu Cano pfd . . ... ... 45% Cu Am Sug .. ... ... 27 % Fleischmmt 48% 48%' 48% 48% Jewel Tea ... ... ... 43 % Nat Biscuit 93% ... 03% 93% Punta Alegr 43% 41% 43% 41% Postum . . 97 ... 90 % 97 Ward Balt 820 % ... 20 % 26 Vi Tobaccos— Am Sumat. 40% ... 40% 40% Am Tob .119% ... 119% 119% Am Tob B 110% ... 110 118% Cons Cigars 80 % 80 % 80 % 70 % Gen Cigars. . . ... ... 53 Liggett . . . . ... ... 99 % Lorillard . . 32 % ... 32 % 33 RJ Reyn.. 121% 121 121% 121% Tob Prd B 108 % ... 108 108 Un Cig Str 95 % ... 95 % 95 % Schulte RS. 45 ... 45 45 WHEAT OPENING IS FRACTIONALLY OFF News Extremely Bearish — Corn Steady to Lower. Hu United Press CHICAGO, Nov. 22.—Despit® pronounced bearish sentiment, wheat was influenced by the stronger Liverpool opening and opened but fractionally lower on the Chicago Board of Trade today. Wheat opened %c to %c lower, Buenos Aires opened lower this morning, Id view of glowing crop prospects In the Argentine. The big break of last week finds longs here pretty well liquidated, and local traders expect this factor to slow up selling. Little increase Is expected in the visible supply this week. Corn opened unchanged to % cent lower. Feeling In this pit Is two sided, and any rally In wheat is thought to be sufficient to bring an advance. Recent weather, although ideal for curing, Is interfering with the transportation of the new crop to market, and the large stocks continue to be a depressing factor. Oats opened unchanged In all positions. Provisions opened unchanged. Chicago Grain Table WHEAT— ~ N ° r ' 32 ~ Prev. High Low. 11:00. close. Deo ....... 1.34 % 1.33 % 1.33 % 1.33 % M.v 1.38% 1.37% 1.37% 1.87% J OOrN— " 1 ' 32 513^::: M ::::: Mi M M *3 US Ju iCye' '' ' /t5 78 45 At> " Deo 91% .90% .91% .91% May . 98% .97% .98 .98% LARD—v.wv.\m ::::: ii:B§ \m Ma ß v ißs- 12 - 40 Jail 12.80 12.80 12.95

Produce Markets

Eggs-*—'Strictly fresh deliver* S at Indian apotis. 50 lit 52c. Butte, (wholesale price#l Creamery beet grade a pound. 52® 53c. , .Ppullrv Fowls. 21® 23c: Leghorn# 14® 15c: ducks In® 18c. Cheese 1 wholesale buying price#)—Wis consul Daisies 24®25c: Longhorns 24® 27c: Llmburger 97c. Butterfat—Local dealers Day 60® 52c . CLEVELAND. Nov. 22.—Butter—Extra ill tubs. 53@04c: extra firsts. 61®520; firsts. 40® 48c: packing stock. 32c up. Eggs—Extra. 62c : heavy firsts. 54c: firsts. o2c: ordinary. 36c: pullets. 32c: refrigerator extra firsts. 37c; refrigerator firsts. 34 %c. Poultry—Heavy fowls. 25® 27c; medium, 22®24e: Leghorn. 15® 17c: heavy springers. 26® 27c: medium. 22® 24c: Leghorn, 20®21c: heavy ducks. 25 ®26c: medium. 22®23c: geese. 20®24c. Potatoes—lso-pound bags round white Michigan. [email protected]: Petoskey. $4.25® 4.35: Maine, best $4.75®5: poorer quality. $4.35®4.60: Ohios. $1.35® 1.05, according to quality: New York. $4.25: Gainesville. $4.50® 4.60: Idaho russets. 120-pound sacks. $4.10®4.25: Wisconsin 150-pound sacks. $3.86® 4: Minnesota and Colorado Brown Beauties. 120-pound sack. $4.25. CHICAGO. Nov. 22.—Butter—Receipts. 13.499: ereameir. 49 %c: standards. 44%e: firsts. 41®44e: seconds, 36®40c. Eggs—Receipts, 4.310: ordinaries. 42® 47c: firsts. 48® 54: seconds. 50c. Cheese— Twins. 23@23%c: Americas, 23 %® 24c. Poultry—Receipts, 27 cars: fowls, heavy, 22%c: small. 17c; springs. 22c. ducks, heavy. 23c; small, 20c: geese. 15®10o: turks. No. 1. 39c: No. 2. 20c: roosters, 18c. Potatoes—Arrivals. 101 ears: on track, 398: ' Wisconsin sacked round whites. $2.25% 2.50: Minnesota sacked round whtteSj $2.25®2.40; Idaho sacked russets. $2.70®3. SHIPPERS’ FORECAST Lowest temperatures within a radius of 200 miles of Indianapolis during the next twenty-four hours: West and north. 20 to 30 degrees; south and east, 25 to 35.

THE ENDIANAPOLIS TIMES

Run of 5,000 With Bulk at sll.7s@l2—Top, sl2. —Hob Erie. Knot*— Not. Bulk Too Receipt# 15. 12 00® 12.35 12.35 4.600 10. 11.65® 11 90 11.00 7 500 17. 11.65® 11.00 11.90 6 000 18. 11.50® 11.75 11.73 4.500 19. 11.90® 12.20 12.20 4.000 20. 11.75® 12 00 12.00 3.500 22. 11.75 @12.00 12.00 6.000 The hog market at the Indianapolis Livestock Exchange opened the new week steady with Saturday's closing prices. A fair run which fitted the demand, together with about steady values in other marketing centers, led to unchanged prices locally, The run was estimated at 5,000 porkers with 272 hold-ovefs that were added to the total fresh offering. Packing sows were steady to 25 cents lower at $9.50@11. Top was sl2, with bulk selling at $11.71? @l2. Hog Price Range Hogs weighing 120-140 lbs. were sold at $11.85; 140-175 lbs., sl2; 275800 lbs., $11.75, and 300 lbs. up, [email protected], The cattle market was steady. Reoeipts were estimated at 600 bovlnes. Fees steers Bold at [email protected]; bulk stocker and feeder steers, [email protected]: beef cows, $4.75@8, and low cutters and cutter cows, [email protected]. Calves Higher Calves were active with a run estl mated at 400, Good and choice vealerß were 60 cents higher at sl4 down. Heavy calves were quoted at $6.50@9. In the sheep and lamb department some native lambs were strong to 50 cents higher; top, sl3. Bulk fat lambs, $11@18; bulk cull lambs, [email protected]; owes were $7 down and, bucks, s3@s. Receipts were estimated at 600. —Hog#— Receipt#. 5.000: market, steady, 120-140 Jbs 811.80 140.275 lbs 12.00 275-300 lb* 11.75 300 lbs. up 11.00 @11.75 Packing sows 9.75 @ll.OO —Cattle— Receipts. 500: market, steady. Beef steers ¥7.50® 10.50 Bulk stooker and feeder steers 0.50® 7.75 Beef cows 4.75® 6.00 Low cutters and cutter cows 3.50® 4.75 —Calves— Receipts. 400: marliot. higher, Vealera $13.00® 14.00 Heavy calves 6.50@ 9.00 ■ Sheep Receipts. 600; market, higher. Top fat lambs $13.00 Top fat lamb# $12.50 Bulk fat laml*s 11 00®13.00 Bulk cull lambs 6.50® 8.50 Ewes 7 00 down Bucks 3.00® 0.00 Other Livestock CHICAGO. Nov. 22.—Cattle— Receipts. 17.000. fed steers and yea-lings 160 25d higher; trade fairly active, killing duality: medium to good beet city steers $lO 20: average weights $14.05; yearlings. $12.3?.: some fed with chow yearlings unsold with $12.50 bid: she-stock strong to 26c higher, other prices steady: bulk veaWa. slo® 10.50. to outsiders upwards tn $11.50 and better. Sheep—Receips. 14.000; market fairly active: fat lambs strong to 25c higher: emotee lamb# early to shipper#, 813.25 @ 13.75: hulk desirable lambs, sl3® 13.25 to packers: nulls strong to 25c higher at $9®0.60: sheirp steady; fat owes, $5®5.60: choice kinds scarce; feeding lambs Bteady choice feeder# absent, medium to good. sl2® 12 85. Hogs—Receipts. 15.000; market, fairly active, steady to strong with Saturday’s averages; top. sl2: bulk $11.35 ® 11.85: heavy weights $ll.OO ® 12: mediumwelghts. *1 1.50® 11,90: lightweight* #11.40® 11.85: light lights. $11.40® 11.83: packing sows. $10.25@11: slaugnter pigs. $11.00@12. EAST BUFFALO. Nov. 22.—Hog*—Receipts, 12.00; held over, 205; market, steady, 150 off; 200-260 lbs, $12.15 @ 12.35 : 160-900 lbs., $1 2.26 12.50 , 13jb 100 liw., $12:50® isl; I*o-130 lbs., 2.00 ®l3: packing hows. Slo@iT. Cattle—llcelpts, 3.000: market, weak, 25c off: beef steers, $7®H.oO; I>eef cow#, $5.50® 6; low cutter and cutter eoivg, 82.50® 5; vealers, *14.50® 15. Sheep—Receipts. 10.000; maJriiet. 25c up: ton fat lambs, *l4; bulk cull lambs, [email protected]; bulk fat ewes. so@7. EAST ST. IXIUI9. Nov. 23. —Hogs Receipts. 14.000: market 10 @ 25c Jower; 260-350 lbs.. [email protected]: 200-200 lbs,. $11.65® 11.85: 100-200 lbs.. $11.65 @11.90: 130-200 lbs.. *11.60® 11.90: 90130 lbs.. $11.50 @11.85: packing sows. slOOll. Cattle—Receipts. 6.500: market, steady to strong: beef steers. $8.50® 5.25; light yearling steers and heifers. 0.50®9.50: beef cows. ss.nO: low cutter and cutter cows. STSO®4AO. vealers. sl3' lieavy calves. s6® 7.50: bulk stock and feeder steers. $5.75 07. Sheep—Receipts 1.800; market steady to strong: top fat lambs. $13.25: bulk fat .lambs sl3; bulk cull lambs. $8.o0: bulk fat owes. So @B. HOODOO CAR VIENNA —The motor car In which Archduke Ferdinand of Austria was slain at Sarajevo, Bosnia, June 28,. 1914—the Incident that precipitated the "World War—seems to be pursued by tragedy, A dealer acquired the automobile recently, and while trying; to pass another car, the machine skidded, four of tho party helnff killed.

Champion Drinks 62 Cups of Coffee

' i ''s

Gus Comstock drank 62 cups of coffee in ten hours at Fergus Falls, Minn. —and then went to bed and slept like a baby. His stunt won him a belt studded with 62 coffee beans, emblematic of the coffee drinking championship of the world.

Commission Row

PRICEh ro KKI AILLKM FBUITb Apples—Fancy ’ Grimes Golden bbi $4.50®5 Jonathan, bbi.. $5.25: Delicious. 40-lb.. $2- Woli River 40-Ib basket $1.35. Dates—Mlnoret 30 pack to box. $4.50: Dromcdory 36 pack to box $6 75- bulk dates. 11c lb. Figs—l 2 pack, to box. $1.15: 50 pack to box. No 8 $3: 24 pack to box, fancy $3- 12 pack to box. black, $1.75- tm ported Taycr. 10-lb box $1.900210 Cantalouoea—Honevdew melon* crate $3 00 Honev—24-cake orate. *4.50@6 Casabas—Per crate. $3.50. Locoouts--® anc.v lamaicas sack of 100 55 75 Grapefruit—Extra fancy $5: Florida $4.25. Cranberries— Farcy blacks half barrels $4.25. Kumquats—Florida. 25®30c qt. Lemons—California, box $2.5004.50 Limes— Florida 10(1 $2.60. Nuts—lndiana chestnut# lb. 16023•hellbark hickorynutg. lb., 2®3c: blck walnuts 3@3%e lb.: English walnuts 20 @ 38c. Oranges—California crt. $6 @7.50. * Pears —Oregon $5 box: Oregon D'Angos, $5 box. Persimmon# 75c® sl. Grapes—Emperor, orate. $1.75®2.10: extra fancy kegs. 540 4.26: New York Concords. 16-lb basket. 65c Pomegranates—California $2.60 ne box Tangerine—Florida. $5.50 per % box Tohedos—California. $2 per crate. VEGETABLES Artichokes Caiifornla $1.25 01 nO dozen. Asparagus—s 6 crate. Beaus—Fancy. Louisiana, green. $1.50 @1.75 hamper: wax. $1.50®2 hamper' stringless. $2.5003 liamper. Brussel Sprout#—Fancy California Jcr pound Cabbage—Holland seed Cc lb.: red cab bage. 5c lb Celery Cabbage—H. Q. $1.25 dozen. Cauliflower —Colorado crt $1.7502. Celery—Michigan squares. $1.50 box: Michigan rough. $3.26 03.50 per twothird crate: Michigan jumbo. *1 25 dozen Cucumbers —Hothouse $2.60 Eggplant—Florida. $7 -Tate. Garlic—Pound 10@12%c Kale —H. O . bu. 75e. Lettuce—Western Iceberg crt.. $3.60 @4. Mangoes—H Q.. bu.. $1.5002, Mushrooms—Pennsylvania. $2 for 3-lb basket. Onions—H O yellow 100 lbs. $1.76 Utah Valencias 105 1b bag $3 - Spanish crt* $1.90 green do*. 40c Ovster Plant—H 0.. 45c do#. Peas —California. $6 per hamper. Parsley—H G doz ounenes oOc Root Vegetables Turnips, bu.. 85c: parsnips bu, $1 60: carrots bu. sl,sb Canadian rutabages $2 crate. squash—H. G. white summer bn. 76c Potatoes-— Michigan round wnlt#. sack *4 2504.50- Minnesota Early Ohios 120lb. bag. s4@4 50 Shallots—Louisiana. 76c per do*. Radiance—H U ion* reds lOC 0U ton. 75c@l Sweet '--otatoe#—Fancy Virginia nhl $3 0 3.25: Indiana Jersey, bn, $2®2.25

Indianapolis Stocks

—Nov. 22 Nt ockb Hid. Ask. Am Central Life 300 Amer Creosotinsr Cos Dfd. . . 100% ... i Ad Rumely Cos com 12 13 Ad Rumely Cos pfd 42 43 Belt R R cbm 66 ’4 70 % Belt R R nfd- 57 02 Cent Ind Power Cos pfd . . . 86 ... Century Bldtr Cos pfd ....100 ... Cities Serv Cos com 48 \ . . . Cities Service Cos pfd 02 ... Citizens Gas Cos com 50 51 •Citizens Gas Cos pfd 105% ... i Commonwealth Loan Cos Dfd 00 ... Equitable Securities Cos com 51 ... Hook Drug Cos eom 28% ... Indiana Hotel eom 110 ... Indiana Hotel pfd 101 ... Indianapolis Gas 68 62 Tndols & Northwestern pfd. 4S ... Indianapolis s£ Ry 38% 42 Interstate Pub Ser pr lien of 07 ... .Merchant** Pub Util Cos pfd. 08 ... Progress Laundry com .... 21 ... Pub Sav Ins Cos 14 ... Ratfb Fertilizer pfd 48 ... Beal Silk Hosiery pfd 06 07 standard Oil Cos lud 15% ... Sterling Fire Ins Cos. 16% ... T H I Sc E eom 1 4 TIII4 K Did 23 25 T H I Sc L Cos pfd . 00 ... Union Trac of Ind eom ... Union Trac of Ind Ist pfd.. .. 10 Union Trac of Ind 2d pfd.... 2 Union Title Cos eom . • 88 Van Camp Paek Cos pfd.... 16 Van C;np Prod Ist pfd... 01% 06 Van Camn Prod 2d pfd.... 06 Wabash Ry Cos eom 30 ... Wabash Ry Cos pfd 73% ... —Ronds— Belt R R and Stockyards 4s 80% ... Broad Ripple 6s 70 82% Central Indiana Gas 5s .... 00 ... Cent Ind v> ower Cos 6s .00% ... Cent Ind Power Cos 7s 00 ... Citizens Gas Cos 5s 100% .. . Citizens c t R R 5s 84% 86 Home T and T of Ft W 6s. .103 Indiana Coke ami Gas 6s . . . 102% Indiana Hotel 5s 08 fndiana Northern 5s 2 *nd Ry and Lt 5s 05 Ind Service Corn 5s 03 ... Ind Union Trac 5s 2 . . ' I minis Col & So flu 08 101 indpls Gas Cos 5s 00 00% I minis Lt and Ht 5s 101% 102V* I minis Sc Martinsville 5s .... 60 . . . Indianapolis Northern 5§ ... 21 ,’._% Indpls Sc Northwestern 5s . . 61 Bo ind pis Sr 8 E 5s 2 8 Indpls Shelby Sc 8 Ess .. . 2 .. . • lulpis St Ry Is 64 6.> Indpls Trac & Term 5s . . 01% 06 tidpls Union Rv 5s 101 ... Indpls Water WUs Sec Cos. . . 07 ... Indpls Water 5%s 103% 104% Indpis Water !%s 04% 94% Interstate Public Service 6s. 100% 103 Interstate Pub S Bs 6%5..103 ... T H I Sc Eos 75 T H T and Lt 5s . . 03 . Union Trac of Ind 6s 21 23 —Storks— Aetna Trust and Sav Cos ... Bankers Trust On .. .. 130 ... City Trust Cos .........140 Continental National .... 114 ... Earners Trust Cos 237 ... % Fidelity Trust Cos 104 ... Fletcher American , 169 •'leteher s ; r n* 'Yus* Or 250 Indiana National Bank ...207 260 ituuuna I‘rurl Cos 22* 26 0 iv.aUock E* il nk 160 170 Marion Countv State Bank. 170 ... -i• Panic .Na* i>aii 320 nines Han Hank 245 • ' % * r **-; i 250 bate Savings ar.d Trust 07 Union Trust Company .. . .400 428 .*.i nil i* ino l ru*i Cos 16*’ —hlhfrtt Henris— I it !st 4‘i. 102.50 102.00 tUs 100.54 100.70 W4 l * s 101.10 101.20 j 11li 4’.s 102 80 103.00 IT STr 4'is 108.80 108 00 ;HSTr 4s . . 104.80 104.50 USTrl'Ai 102.10 102.20 • Ex-dmdend Hi per cent.

BUSINESS FEARS ARE DISCOUNTED BY STOCK MART Economists, However, Fail to See Serious Trouble Ahead. By E. Walter Hookler. NEW YORK, Nov. 22.—Despite the sharp rally in the stock market on Suturday, operations during the balance .of the week confirms the view that the market is discounting the fear of a check to the country's abnormal business which has been under way for the past two years. Many leading economists have added their testimony to the constructive side of the market, failing to see any serious troubles ahead, however, from the point of view of these economists. The outlook is good. Until some development, now considered Impossible, should occur the United States is a buy. No Slump In View No industrial depression of mo ment is In view. Baldwin has ably demonstrated tho danger of selling short. This Issue has Jumped 20 points inside of two weeks with trapped shorts paying dearly for their rash courage in selling a stock so closely held as Baldwin. The example set in this case has acted as a deterrent against too reckless selling of high-grade industrials. Another reason why short selling is especially dangerous right now. Is based on tho professional character of the general market. There has been a very small proportion of public participation in tho market for the past several months. Professionals, including the small board noon trader who changes like a weather vane, have been doing the bulk of the trading, each trying to hold his own specialty up to a point where liquidation would be possible. Too Many Experts Naturally it is hard for the competing groups to sell each others stocks short. There are too many experts concerned. If the public were heavily ions of stocks, it would be an entirely different situation. The general public has always evidenced a fondness for purchases around the highs and sales around the low points. After a market has reached its top for a movement and tho general situation resembles that now in effect, well placed short selling is usually successful in starting a market lower. Outsiders, uncertain as to the meaning of the movement sell their stocks and add weight to the pressure while the sinking market works through stop loss areas and forced selling turns a decline into a rout, giving the original sellers plenty of time and opportunity to cover at much lower levels. Money Plentiful Still standing stanclily against all bearish factors, tho money situation in the country remains unimpaired. Regardless of prospects for extra dividends next year by the companies which have blazed a wide trail across the financial horizon this year, the fact remains that we have a very large surplus of capital and this must be kept employed. General business requires less in proportion than foramlly. Credit facilltes have been invoked to a point where an actual dollar does the work of at least a dozen dollars. This means that our billions upon billions of dollars and real wealth must feed upon itself for sustenance and it is hard to picture any sharp depression in industrial activity with this condition in the background. TRAIN SHOP STUDIO One of the most picturesque makeshift broadcasting studios in the country is maintained by KOA, Denver, at the Union Pacific Railroad shops. A concert Is broadcast at this studio once a week by the Union Pacific employes’ band. Plenty of train-yard atmosphere Is supplied by shrill whistles of passing locomotives, clanging bells nad the vibrant ring of hammer tm anvil.

Socialism Definition Gets Him in Bad

J r f ■' v ~ 4 l, ■ 'i

This is Henry FJury, teaolier in a Washington tl>. (.) public high school, whose prize-winning definition of Socialism caused MaJ. Gen. Amos \. Fries, commander of the District of Columbia American Legion, to demand his removal. The Board of Education held that a teacher was entitled to his own opinions so long a-s they were not aired in the classroom.

Coal Gas Renders Seven Unconscious Hu United Press WASHINGTON, Nov. 22.—When James McMahon’s mother was told that "They Don’t Anstver” to her phone call, she called neighbors, who found him and six others in his home unconscious and # near death from coal gas. McMahon and another man are in a hospital here, where their condition is considered serious. MERGER IS NOT LEGAL IS CHARGE (Coirtinued From Page 1| ments this afternoon, and will be followed by attorneys for the petitioning companies. The hearing is expected to continue over to Tuesday. Matson quoted the Shlvely-Spencer public utility act, the law establishing the Indiana public service com mission, and then alluding to the Indiana Power’s petition, asserted, “by its own statement it does not own, operate, manage or control any business. If we read the statute clearly, it is not a public utility and the commission therefore has no Jurisdiction. Language Plain "We must take this act as we find it. The language of the statue is plain.” Tho Indianapolis Power and Light Company, Incorporated with SIO,OOO capital the day the merger petition was filed, would take over the two companies and have a valuation of $55,000,000, under the petition. The value of the two concerns, for taxation purposes, Is $18,000,000. The Chamber of Commerce and other civic organizations and large light and power users are opposing the move. E. O. Snethen, representing the Federation of Community Civic Clubs and Cronke and Wilde, representing three large power users, also were present this morning. During the course of Matson’s argument. Commissioner Artman passed counsel on both sides a series of questions which indicated his attitude on the question. "May anew corporation, without the approval of the public service commission, become a public utility?" was question two. This was followed by question three, "May anew corporation operate a public utility without a license permit or franchise by the public service commis sion?” Say Answers Are ‘‘No." It is the contention of attorneys for the objectors to the merger petition that the answer in both instances is "No" and that for that reason the commission is without jurisdiction and cannot act upon the petition. The valuation of property which by reason of a. merger or combination becomes a duplication was another phase taken up by Matson. Ho questioned tho right of a utility to purchase stock and bonds of another company by the issuance of stocks and bonds. It was the gist of his argument on this line that the corporation act of 1921 gave tho right only to "purchase property, real and personel” and did not include the right to buy "paper.” Matson was followed by Dowden. "This petition shows on its fare that this commission does not have the power to grant the relief prayed for," was Dowden’s opening statement. Decision Later Following completion of today's arguments for and against, dismissal of the merger petition, it was believed several days would be consumed before a. decision could he reached. Attorney General Arthur L. Gilliom, who will cooperate as the commission’s legal adviser, will be out of the city the remainder of the Week, necessitating a delay. Although Wampler, as presiding commissioner, assumed full responsibility for passing on the dismissal motion, it is believed he will he guided to an extent by the attitude of the other commissioners. Within the next two weeks the commission also will take action on other motions to postpone tho hearing several months and to conduct r complete inventory of properties of the merging companies in the meantime. Developments Rapid Since the original merger petition was filed on Oet. 27, developments have been rapid. A week .later Wnmpler assigned the case for hearing Nov. 18. Resolutions were adopted thereafter by the Indianapolis Federation of Community Civic clubs, the Chamber of Commerce and the Indianapolis Real Estate Board condemning such a high cap Italization and predicting a move to increase rates. First motion for post ponement was tiled by attorneys for the Chapman-Price Steel Company, the G. <-!. Tire Company and the American Foundry Company. Other postponement motions also were filed. Charging that Samuel Insult. Chi cago utilities magnate, had Injected $19,000 In the 1924 Indiana campaign to secure a favorable public service commission. City Corporation Counsel Alvah .1. Rucker followed with a suit to restrain the State body from hearing the case. On Nov. 17 the restraining order was denied. PRESTIGE IS AT STAKE Flowers, .Middleweight Champion to Meet Eddie Huffman Tonight. It i/ Times Sneeiql CHICAGO, Nov. 22.—Tiger Flowers, the world’s middleweight champion, meets Sailor Eddie Huffman of I tOs Angeles here tonight in a ten-round bout, but the Georgia deacon's title is not at stake. Much prestige is a stake, however, and the Negro tltleholder cannot afford to drop the decision to his heavier opponent, who will outweigh him by eight pounds. The pair met on the coast some time ago and Flowers was given th* derision after barely escaping defeat in the earlier rounds. The public debt of the United States reached its maximum on Aug. 31, 1919, when It stood at $26,594,000,000. On June 30 of this year the gross debt was $19,643,000,000. .

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TAX CUTTING PLAN BECOMES TARGET OF TRIPLE DRIVE Leaders of Both Parties and C. of C. Oppose Program. Times iVnshinntnn Harenn, 1323 Scv ) nrk Arenas "WASHINGTON, Nov. 22.—The, Coolidge-Mellon Income tax reductioni plan has become further hogged. Representative W. It. Green of Towa, Republican chairman of the 1 House Ways and Means Committee; 1 Representative Cordell Hull of Ten-l nessee, Democratic tax expert, and' the United States Chamber of Com-1 merce join in various degrees of opposition. Green attacked vigorously Treasury Secretary Mellon's theory that n millionaire’s tax and a poor man's l should be reduced by the same )>ercentage. This development donned extra importance because Green, in 1924, made the original proposal for reduction of all personal Income taxes by a uniform percentage and because of his chairmanship of the committee which writes the tax bills, "Times have changed since 1924/* Green explained. "Then every one was paying a high tax and a uniform t reduction could be applied with some degree of fairness. Not now, A 15 per cent reduction now would mean almost nothing to the average taxpayer. It would mean a great deal to the man with more than $1,000,000 a year Income. The millionaires got' reduction enough when Congress, in the 1926 tax bill, placed the maximum rate at 20 lnsteud of 25 per' cent, as first propound. A 15 tier cent credit on next year’s taxer would moan cutting the maximum to 17 per cent.’’ Just a few minutes earlier Hecre. tary Mellon had declared in favor of' a uniform reduction for all tax- 1 payers, declaring 15 per cent might be possible with an estimated $300,000,000 surplus, "The surplus,” said Green, "should he used toward tho publlo debt, not toward tax reduction." Representative Hull also opposed any tax refund, explaining) “You cannot reaoh all the taxpayers that way. The majority would get little benefit. We should 1 repeal the still existing war taxes, including the auto and theater lev-j les. The Government has collected more than $900,000,000 In auto taxes' alone and has spent only nhmit SSOO,. 1 000,000 on Federal road aid," Meanwhile, the United Stales Chamber of Commerce h is opened it. j fight for permanent, reduction (if corporate Income taxes, as opposed 1 to temporiry reduction. All summer * corporations have been flooding Congressmen with demands that the fiat tax be reduced from 13% to 10 per cent. Feeling that the present treasury surplus may he the lust for' a long time, they have lieen deter, mined to get as much |>ermnnent' benefit from it as possible, A ro. | fund on 1925 taxes, as proposed by' Coolldge, or a credit on 1926 tnxes, j as proposed by Mellon, might leave them a year hence still paying the' present rate, 13% per cent.

NON-RESIDENTS CONTRIBUTE IN CIVIC CAMPAIGN Fund Workers Hope to Raise Deficit and Have Real Thanksgiving. With hut four more days to com plete solicitation the 2,&•)() worker# In the 1927 Community Fund campaign today sought to secure tile remaining $43,717 of the $683,066 quota and making the week-end one of real thanksgiving for the thirty-six affiliated social service ni-ganltations, t A total of sllß came in tho first | mall from residents of other cities', who were Interested in seeing the Indianapolis Fund raised, Another I .Ink B. linden wrote "accept the ell closed as n link to your Htrong chain of good deeds. "With best wishes from a. New Yorker " CITY AND STATE LEAD INSURVEV Have High Figures in Building Activities. Business prosperity in both Indiana and Indianapolis Is shown In a building survey by E. W, Straus A Cos., New York, which lists the Btate among the twelve leading ones and gives the city a berth on the roster' of twenty-five cities leading In construction activities. Indianapolis building permits for October totaled $2,292,530, the report' shows, while the State's volume of permits was $7,686,011. In September the city's figure was $1,789,067. tho October increase denoting a strengthening of the winter building movement, as permits usually decreasedjn October as compared with tho procoding jnonth. The twenty-five leading cities reported a total volume of $2,232,000,600 in building activities for the first ion months of 1926. States other than Indiana in tho firs' twelve are New York. Illinois, t'iilifornin. Pennsylvania, Michigan. Ohio, New .Icrsey, Massachusetts, Florida. Texas and Wisconsin. The four cities in Inditina, other than Indianapolis, having tho highest figures in October, are Gary, $1,283,075; Evansville, $1,233,079; South Bend, $889,723, and Fort Wnync, $532,901.