Indianapolis Times, Volume 38, Number 201, Indianapolis, Marion County, 27 November 1926 — Page 13
NOV. 27, 1926
CALVES SHARPLY HIGHER; HOGS UP 10 CENTS
STRENGTH IN LIST BREAKS AS RAILS JFFER DECLINE Close Is Regular After Mart Opens on Upside. Average Stock Prices Average of twenty industrial stocks for Friday wan 157.37. up 1.04. Average of twenty rails. 118.35. off .18. Average of forty bonds. 95.97. up .13. new high. fit; United-Pres* NEW YORK, Nov. 27.—The Wall Street Journal’s financial revew today says: Stocks began the week-end session with a burst of strength in the leading industrials, which resulted in sharp advances in Baldwin, General Motors, South Porto Rico Sugar, Steel and other issues which headed the recent substantial recovery in this department. However, this demonstration was arrested before the end of the first hour by an outbreak of selling in C. & 0., Nickel Plate, Atchison and other seasoned rails.' Constructive forces have been waiting patiently for larger participation in the trading activity on the part of the carrier group. It was figured that the industrials could not engage in a substantial advance unless the rails also swung into line and the fact that the leaders of this class turned reactionary in the face of aggressive demonstration in pivotal industrials, exercised a chilling effect on bullish enthusiasm. ‘As a consequence prices sold off quite generally in the last hour and the market was irregular at the close.
Banks :."d Exchanges
LOCAL CLKA RINGS Ii dianapolis hank clearings for the week amounted to sl7 037 000. Clearing for today were $3 083.000. Debits /or the week totaled $32,151000. Debits for today were $7.00.000 ENGINE CMS FATAL TO MOIST (Continued From Page 1) china broke open and Mclntosh was thrown out and buried under the wreckage. The machine remained upright while it was shoved along by the engine, Williamson said he did not know the engine had struck the car until shortly before the engine stopped when he saw the wheels of the machine extending out from the tracks. If the wheels of the auto had not struck the curbing of an alley, which caused the machine to overturn just as the engine stopped, McIntosh would not have been killed, police believe. ' Sent to Morgue Coroner Paul F. Robinson investigated and sent the body to city morgue. Mclntosh is survived by. two daughters, Vivian, 24, and Louise, 12, and three sons, Joseph, Alvin and Earl. He was a widower. He was employed at the C. B. Cone Company, Senate Ave. and Court St., and police believe he was driving one block farther west to park his auto out of the restricted district for the day. ’ Condition Still Critical According to physicians at the city hospital the condition of Thurman E. Hienton, 35, a member of the extension division of the Purdue Uni versity agricultural experimental station, who was struck by a street car at Maryland and Meridian Sts., Friday afternoon, still is critical. Hienton is suffering from a skull fracture and internal injuries. Stepped From Interurban Hienton had just stepped from an Indianapolis & Cincinnati Traction Company interurban and ran around the rear end into the path of a Pennsylvania street car operated by Myron Bouine, 6151 Broadway, motorman. Patrolman John Moriarity, 337 E. Minnesota St., was taken to city hospital suffering from a deep scalp wound and severe body bruises, after he had been struck by an a .at Meridian and Morris Sts. John Sloan, 748 Union St., driver of the other car, was charged with assault and battery. According to Moriarity, Sloan started his car across the street before the traffic signal changed. CHARGED AFTER ACCIDENT Local Man Driving Auto Which Struck Truck—Companion Dies. . Charges of reckless driving were lodged against Charles Caldwell, 14 X. Jefferson Ave., by Charles M. Gibbs, county coroner of Hancock County, today, following an automobile collision Friday in which Homer J. Suddarth, 235 N. Parkview Ave., was killed instantly. Caldwell is said by Gibbs to have heen> driving the car in which Suddarth was a passenger when it collided head-on with a fruit truck driven by Michael Mascari, 851 S. Noble St., on the National Rd., about one mile west of Greenfield. Suddarth and Caldwell had left Indianapolis early in the day to go hunting at the Roy Tuttle farm, near Mohawk, but changed their minds and were en route back here when the accident occurred. A hunting dog in the car was killed. Mascari was exonerated by the coroner, but ordered to report at Greenfield Sunday. A reckless driving warrant was issued for Caldwell, who was brought to a hospital here suffering from a fractured nose and severe cuts and bruises.
New York Stocks (By Thomson & McKinnon)
. , —Nov. 27 Kailrouds— Prcv High. Low. Close. close. Atchison ..156% ... 154% 156% A Coast L 210 208% 209% 310 B. & O 107% 106 106*4 106% Can Pac.. 165% 164 % 3 65*4 365 C. & O 158% 156% 157 158 C. &N. W. 79% ... 79*4 80 C.. R. &P. 70% ... 70% 70% Del & Hud 171 . . . 171 D & Lack 146% ... 146 146 Erie 38 % ... 38 % 38 % Eric Ist pd 46 45% 45% 46% Gt No pfd 80% 80 80% 80% Lehigh V.. 92% 91% 92*4 91% K C South 43 % ... 42 % 43 % Mo Pan pfd 91% ... 90*4 92 N Y Cei1...136% ... 135% 130% NY NH&H. 43% ... 43% 43 *4 Nor Pac... 79 ... 78 % 79 Nor & W. 364 % ... 364 % 364 Pero Marq 13 0 ; . . 110 110 Ppnns.vlvan. fiU 55 % 55 7/ * 56 Reading - ... 00 Vt ... Ml V, 80*6 S Railway 117% 317% 137*4 117% So Pacific 106*4 105% 105% 105% St. Paul... 10*4 ... 10*4 30% St Paul ufd 19% ... 19% 20 St I. & SW 63 91.& S P 103 103% 102% 103 Union Pac 163% ... 163% 163% Wabash ... 40% ... 4040% Wabash pfd 74 *4 ... 74 74 Vi Rubbers— Fisk Rub. 17 ... 17 , 17% Goodrich R 45% 42 % 43% 46 Gdvr pfd 100 .. . 100 Kelly-Spg... 9% 9% 9% 9% U S Rub.. 60 57% 58 60% Equipments— Am C& F 105 ... 103% 104% Am Stl Fd 44 % ... 44 % 44 % Am Loco. 110*4 3 08% 108% 109% Bald Loco 164 3 58% 159% 159 Gen Elec.. 86% 85% 85% 86% Lima Loco 63% ... 63% 63% P Steel Car 44 ... 44 43 % Pullman ..190% ... 188% 189 N Y Airb. 41% 42 42% 41% West Airb 136% 134% 135% 134 % West Elec. 68% 68Vi 68% 68% Steels— Bethlehem. 46% 44% 46% 44 % Colo Fuel .43% ... 43% 43*5 Crucible ... 76 75% 76 75% Gulf States 57% ... 57% 57% PRC &1. 44 ... 43 % 43 % Rep X & S 56 55% 56 55% Sloss Slieff 126% ... 126% 128 U S Steel .151% 149% 130% 150 Vi Motors— Amer Bosch 17% ... 16% 17% Chain! Mot 23% ... 23% 23% Gen Motor 142 139% 140 139% Mack Mot 101 Vi 89% 100 % 100% Chrysler .. 36 ... 35 % 36 % Hudson ... 47% 46 46% 46 Hupp ~... 20% ... 20% 20% Studebaker. 52% 51% 52 51% Nash 55% ... 55% 55% Stew Warn 67% ... 67*4 68 Timken . . . 8i ... 80 % 80 % Willys Over 21% ... 21% 21 % Yellow Cab 28*4 27% 27% ... Minings— Dome Mines 11 ... 10% 11 Gt Nor Ore 19% 19 19% 19 Vi Int Nickel . 37 36 Vi 37 36% Tex G & S. 52 ... 51 % 51 % Coppers— Am Smelt 134% 133*4 133% 134% Anaconda . 48 ..; 47% 48 Inspiration. 26 % ... 26% 26% Kennecott.. 62% 62% 62% 62% Ray Conper 16 * . . 16% 16% U S Smltg. 35 vs 33*4 35% 33% Oils— Cal Pete . 30% 30% 30% 30% Houston . . 55 ... 55 54 % Indn Oil . . 27 ... 27 26 % Marland Oil 54 ... v 53% 54
OPENING DAY OF LIVESTOCK SHOW Display Occupies 20 Buildings and Mammoth Amphi-theater-Breeders Anxious.
By United Press CHICAGO, Nov. 27.—With twenty adjazent buildings occupied with exhibits in adition to a mammoth amphitheater, the International Livestock Exposition opened here today to continue until Dec. 4.*' Members of the animal aristocracy which have been designated as “champions" throughout the world, were groomed today awaiting the judges. Anxious owners, including millionaire breeders, farmers stockmen, and professional exhibitors, await the result of the competition in each class. Most interest centers about selection of the grand champion steer to be chosen by Senor George GordonDavis of Buenos Aires. It is customary to designate an unbiased judge from a foreign country. lowa State College, exhibiting an Aberdeen Angus, won the honor last year and first honors went to the Ken-Caryl ranch of Littleton, Cal., the year before. The animals which went on exhibition today have been shipped to Chicago from all parts of the United States and Canada. There are fifty-four draft horses exhibited by a Saskatchewan breeder: maritime swine breeders of New Brunswick are showing a carload of Yorkshire hogs; the University of Alberta has an outstanding exhibit of steers; entries from California and the far Southwest have been arriving in town for a week. The non-collegiate livestock judging contest was won by the Wyoming team with a total point score of 1,617. Second place was won by Oglahoma with 1,576 points. Illinois
Freckles and His Friends
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Mid Ct Pet. 3(3% ... 30 30% P-A Pet ..01% ... 01 61 % P-A Pet B. 61 60% 00% 00% Pacific Oil. 1% ... IV6 Phillips Pet 53% 03% 53% (} Union Oil . 53 % ... 62% 52% Pure Oil V!Royal Dutc 49-a Shell 30% 30% 30 % 30% Sinclair ... 17% .•. L 7.5? L 7 Skelly ... 33% 33 U 33% 33% Sul Oil Cal 58 ... 58 58 Std Oil NJ 38 37% 37% 3. % Texas Com 55*4 .■. „ >*s 5a Trans Pet 4% 30% 4 4 White Eagle 26 % ... 25 % ... Industrials— Ailv Rumely 13 ... 13% 13% Allis Chaim .. .....a,, ,i!i Allied Ohm 138% 136% 136% 4.18 Armour A. J 4% ... ~ 14% 14 ii Am Can ... 52 % 51% 02% 52 ? AH& L.. 8% ... BV4 g% AH&L p 49 i 47*4 49 46% Am Saft Rz 62% ... 6~, .... Am Wool ..33% ... 31% ,““ % Coca Cola 170% 168 % 169 Uoi* Coot Can .72% ... 72% 72% Certd Prd.. .. ... 44 Dupont* .170 168*4 J 68% Gen* Aspha l t 85% 'B4 84*<i 84% Int Cmb En 43% 42% 42% 42% Int $5?F. :i3% ::: Natl Lead 105 153 100 •a; v Owen Bottle .. ••• 'ii. U Radio 58% ... 57% oH m Ren) Type 103 r-Su. 'iviik Sears Roeb 54 53 4 53% 53 A S n s D c r I- P 223 2i8% 220 221% U 9 1 AV 79% 78% 79 78% Woolw .7.193 190% 191 % 193% Utilities— Am T & T. 149 ... 148% 149% im wV::: ::: 'ms sen Bklyn M . 74% 72% 73% 73 V? f* fl A- El K 7 ... 87 'h S< *4 Con* G r. .111% 110% 110% 111 3 Tntrrb • 52 SO 51 ■ i No Am Cos. 49% 48% 49 49% Peo Gas .... .• • * **s ri J Pli Go . ... .. . Mi St G & El'. 66 55% 56 55% Wet 145% 146 Sh toping— Am In Cp. 41 ... 39% 41 A Sh & C 6% Atl Gu .... ... IM Ma pfd 40% 38% 38% 39% Un Fr ...125 ... 124% 124% Foods— Am Su ... 80% ... 85% 86% Am B Su. ... ... 20% 27 Aus Nic .... ... ... g % Be N Pk 58% Cal Pkg 69 69 Cn Pds 49% 49% Cu Ca pfd. 48% 47% 47Tv 47% Cu Am Su. 28 ... 27% 28% Fleisehm . 49 % ... 49 49 % Jew Tea .. 45 % 45 45 % 43 % Nat Bisc . 98% 97% 98 97 Pun A1 .. 45 ... 44 % 44 % Postum ...100% ... 99 Vi 100% Wd Bk 8.. 31% 30% 30% 30% Tobaccos— Am Sum .41% ... 41% 41% Am Tob ..119% ... 119% 119% Am Tob B. 118 Vi ... 118% 119 Cons Cig . 85 84% 84% 85 Gen Cig .... ... ... 53 Liggett ... ... 100 Lorillard .. 30% 30 30% :il % R J Reyn.llo*4 ... 119 119% Tb Pd ti. . 108 % 107% 108% 107% Un Cig 3t 95% 95% Soh RS. .. 45% ... 45 45%
team took third place w;ith 1,535 points. California was given 1.520 points for fourth place and Minnesota took fifth with 1,483. Points were awarded on the basis of judging horses, cattle, swine and sheep. This is legionnaire day at the exposition and appropriate ceremonies are scheduled in observance of the Army-Navy football game. Military officials will hold open house at the international amphitheater, where the American Legion has its headquarters for the day. In addition to the livestock showing, agricultural experiment stations of twenty-five States and two Canadian provinces opened exhibits today. The Dominion of Canada experimental farms division is also represented. Show officials claim the agricultural division will have the largest variety of grain and seed samples ever shown on the continent. The horse show, stellar entertainment feature, will open tonight. Building Permits s‘>so W ' Midaufrh - windows. 610 Arbor. . 9f ca r llJ?!}tower, garage. 518 W. For-ty-First. ?200. Tenth E -S2 P <M)O Or,T - Btoreroom - 3757 W Martin J. Hyland, garage. 2350 Park. . Pure Oil Company, station. W. Washington and Sheffielid. $3,000. Ei nest Sharp, dwelling and garagp. 1408 N. Bosart. $4,000. George Stamm, dwelling and garage. 1122 N. Wallace. $3,800. Indianapolis Public School, school. Troy and Carson. $84,000. Indianapolis Public School. Bchool. Twenty-Fifth and Temple. $160,000. William Forsyth; addition, 15 8. Emerson. J2OO. Longest Realty Company, dwelling. 5305 E. Ten lb $4 500.
THE INDIANAPOLIS TIMES
WHEATDROPSAS CORN IS HIGHER Major Grain Breaks Sharply on Foreign Slump. Bii United Press CHICAGO, Nov. 27.—Wheat slumped, while corn displayed independence and held firm on the Chicago Board of Trade today. Bearish foreign news dominated wheat, which closed 1% to l%c off. The local pit was very quiet. Persistent selling in small lots sent the prices downward. Receipts were light, 15 cars. Cash prices were Yi to lc lower. Corn showed strength, closing %c to !4c higher. Light receipts, 74 cars, was the principal bullish factor. Cash prices wore steady and unchanged. Oats lost fractionally in purely local trading, closing J4c lower In all positions. Cash prices were unchanged. Provisions closed lower. Chicago Grain Table WHEAT— —Nov - “ 7 Prrv Open. High. Low. Close. close Dee 1.36 % 1 .'l6' . 1 35 % 1.35% 137% May 1.39 % 1.39% 1.38 % 1 39 1 40% '* ul „ v lUK.% Dee .70*4 .71 % .70% .71*4 .70% May .70% .80*'. .79% 80% 80% JU OATS—’ * i - 83 - % - 3 * 83 Dee. AO % .41 .40*', .40% 41*4 May .46 .46 An% 45% 46% July .45% .46 .45% .45% .45% RIBS— N0v.12.n0 12.90 12.90 12.00 12.90 LARD— Nev. 12.27 12.27 12.20 12.20 12.25 RYEDee. .90% .90% .89% .90% .91'4 May .98 .98% .97% .97% 98*4 July .97% .97% .06% .96 % .97 % CHICAGO. Noy. 27.—Carlot receipts: Wheat 48• corn 175: nats. 35- rye. 6 CHICAGO, Nov. 27.—Cash grain: Wheat—None. Corn—No. 2 yellow. 7.3% eNo. 3. 68 % ® 72c: No. 4,67 c: No. 5. 62 ©OB% e: No. 6. 60®68%e: No. 2 mixed 72 %or No. 3 71 *• e; No. 2 white. 73® 73%e; No. 6. 67 % © 08e. Oats—No. 3 white. 41%©42%e: No. 4. 38© 41 tie. Barley—fie *4 ©'74-. R.ve —None Timothy —*4.75 ® 5.25. Clover—s24.7s @31.50.
Cash Grain
Saturday's receipts, 27 cars. Prices quoted 41 %e f. o. b. basis to New York. Hay on track Indianapolis. Bids for grain at the Indianapolis Board of Trade were: Wheat—Steady: No. 2 red. $1.25% 1.26: No. 2 hard. 51.35(21.26. Corn—Steady: No. 2 white. 65 0 fl7c; No. 3 white. 64 © 66e: No. 2 yellow. 65 © 67c: No. 3 yellow. (14© title: No. 2 mixed. 03© 05c: No. 3 mixed. 62 © 6 )e. Oats—No. 2 white. 41 ('tilde; No. 3 white. 38<U39%t\ Hay—Firm: No. 1 timothy. s3B© 18.50. N... 2 timothy, $17.50© 18: No. 1 light clt ver mixed. slß© 18.50: No. 1 clover mixed. $17.50® 13: No. I clover hay. sl7 <U 17.50 —lnspections Wheat—No. 2 red. 1 ear. Total. 1 ear. Corn— 4 white. 4 ears: No. 0 white. 1 ear: No. o yellow. 4 cars: No. 6 yellow. 2 ears; No. 4 mixed, 1 car: No. 5 mixed. 2 ears. Total, 19 ears. Oats—No. 3 white. 2 ears: No. 4 white. 2 ears: sample white. 3 cars. Total .7 cars. In the Cotton Market (By Thomson Sc McKinnon) NEW YORK. Nov. 27.—Cotton pricer. , throughout the week have b<*eii well sustained, but the market has lacked the kind of support that was so pronounct and when contracts were 20 or 30 points cheaper. rrom a discount under January. December has suddciUy advanced to a premium. and there are those who think that other months will follow as they mature, but w f e do not concur in this opinion, as. sooner or later, a large stock of cotton would be attracted to New York warehouses and this would defeat such a movement There is abundant merit in cotton at those prices, and wp think it quite likely that the investor will ultimately s e a profit iu his cotton, but a small decline appears likely for the present, due to the technical advantage the bears have in the somewhat overbought condition of the market. Cotton may be more freely - offered for a week or two. as producers' supply themselves with Christmas funds. NEW ORLEANS „ High. Low. Close. January .... 12.55 12.47 12.47© 12.49 March 12.69 12.59 12.5!)© 12.60 May 12.80 12.73 12.73 December ... 12.58 12.47 12.47© 12.49 NEW YORK Open. High. Low. Close. January .... 12.51 12.51 12.39 32.39 March 12.70 12.70 12.64 12.05 May 12.91 12.92 12.85 12.87 July 13.11 13.34 13.03 13.03 October .... 13.28 13.28 13 15 13.15 December .. . 12.66 12.66 12.55 12.58 Chicago Stocks Arm Del pfd 92 . ... ... Auburn Mot 58 % 59 58 % 59 Balban Katz 64 ... ... ... Lib Me Lib 9% 9 % 9% 9% Mid West .110% 111 110% 110% Real Silk . . 41 % Swift & Cos 117 117 116% 117 Swift Inti. 21 Vi 23% 21% 23% Union Carb. 96 ... ... ... Wrigley .. 52% 52% 52% 52% Borg & Bk 50 . . ... ... 11l Brick . . 49 % 49 % 49 49 % Yellow Mfg 28 28 Vi 27 27 J R Thmsn 47 ... ... ... An ounce of tomato seed will produce 1,500 ounces of seed, or 3,000,000 tons of tomatoes.
—By Blosser
Top Vealers Is Now $15 — Porkers Rise to $12.25. —Hog Price Range— Noy. Bulk. Ton. Receipts. 19. 11.90©) 12.20 12.20 4.(100 20. I 1 .75 ©12.00 12.00 3.500 23. 11.75 ©l2 00 12.00 5.000 23. 11.75 ©12.00 12.00 5.000 24. 12.00 12.00 4.000 26. 12.15 12.15 5 000 27. 12.25 12.23 3.000 The hog markee at the Indianapolis Livestock Exchange closed the week with a 10-cent increase in values, which brought the top price to $12.25. The market this week has acted favorably toward sellers, and as compared with a week ago. has risen 50 cents. Light receipts and a strong situation at other markets led to higher prices here today. The run was estimated at only 3,000 porkers, which is the lowest of the week, although receipts at no time during the seven-day period have exceeded 5.000 hogs, which was largely responsible for the uptrend in values. Both the bulk and top were $12.25. Hog Price Range Hogs weighing 120-300 pounds sold at $12.25, and those weighing 300 pounds up brought $11.60© 12. Packing sows were steady to higher at [email protected]. With a run estimated at 200 bovines. the cattle market .-lnsed steady. Beef steers were sß® 10.50: bulk stock and feeder steers, $6.50 W 7.75; beef cows. [email protected], and cutters and cutter cows, $3.50®4.75. Calves Again l’p The trading in the calf market this week has marked a series of sharp rises with the final session, closing at sls for best vealers, an increase of $1.50 since of $1.50 since a week ago. The run today was estimated at 300. The market was strong to 50 cents higher. Heavy calves sold at $6.50®9. Trading the sheep and lamb department was largely nominal, with a run estimated at 200 ovines. Values were steady with the previous day's trading. Top fat lambs was sl3; bulk. sll @l3. Bulk of the cull lambs brought $5.50®8.50; ewts, $" down, and bucks, s3@s. —Hoes— Ror-dpts. 3,00jf: market, hisrher. 120-130 lbs $12.25 300 lbs. un 11.60® 12.00 —Cattle— Receipts. 200: market, steady Beef steers sß.oo© 11.50 Hulk stocker and feeder ateer*6.so© 7.75 Beef cows 5.00© 6.25 Low eutters and cutter cows 3 50© 475 —Calves— Receipts, 300: market, higher. Best vealers $14.50© 15.00 Heavy calves 6.50 ii 9.00 —sheen— Receipt-i. 100: market, steady. Ton fat lambs $13.00 Hulk fat 1 amlv 11.00® 13 00 Bulk cull lambs 5.50® 8.50 Ewes 7 00*down Bucks 3.00© 5.00 Other Livestock EAST BUFFALO. Nov. 27—Hogs— Receiots. 1.600: holdover 345: market, 10 © 25c up: 260-350 lbs.. sl2© 12.40. i<)o- - lbs . sl2 25© 12.60: 160-200 lbs.. $12.25© 12.60: 130© 160 lbs.. $12.25® 12.75: 90-130 lbs . $12.25© 12 75: packing sows. $lO 25® 11.25. Cattle—Receipts. 200: market steady: calves 50c off: yealers. $14.50©15. Sheen—Receipts. 200: market, steady; to fapt lambs. $14.25: bulk cull lambs. slo© 10.30; bulk fat ewes. $6 ©0.75.
VOLUME ADJUSTS VALUE OF HOGS Producers Said to Overshoot Demand. Bn Times Special WASHINGTIN, Nov. 27 Financial returns to hog producers depend to a considerable extent upon how well they adjust the volume of their production to the demand for the product, declares the Department of Agriculture as a result of a study of the factors that affect hog prices. The dominant influences in the hog market, says the department, are the supply of hogs on the market and expected to arrive on the market within the next few months, the quantity of hog products in storage, the general price level, general business conditions, and the prices of alternative products. The so-called “hog-price cycle” was found to be due to the tendency of hog producers to overshoot the mark in increasing production when the relation of hog prices to corn prices was favorable, and to reduce too much when it was unfavorable. Coupling the corn hog ratio, indicating what changes were likely to occur In breeding, with other factors indicating changes in the weight of hogs and the demands of the consumers, the department believes that very good forecasts of hog prices ec|uld have been made for the pre-war period. Since the war, however, conditions have beenso unstable that the purely mathematical formula has not givfen such satisfactory results.
Produce Markets
Kskb—Strlrtl.T fresh delivered at Indian apolls. 50 © 52c. Butte. (wholesale prices t Creamerv best (trade, a pound. 52© 54c. , Poultry ■ — Fowls. 22® 23c: Lesrhorns. 13©15o: ducks. 3 o@t7c. Cheese (wholesale hu.vini? prices)—Wls consul Daisies 24® 25c Lon it horns 24 © 27c: Limburger 27c. Butterfai—Local dealers oa.v 60 ©62c NEW YORK. Nov. 27.—Flour—Firm and quiet. Pork—Dull: mess. $36. Lard —Firm: Middle West sl2 80© 12.00. SuFar —Raw easy: 96 test. 4.90 c: refined quiet: granulated. [email protected]. Coffee— Rio, No. 7. 16c: Santos No. 4. 20% © ~p%o. Tallow—Dull, specials to extra. 7 ®7%c. Hay—Easier: No. 1. $1.35; No. 3. sl.lO ©1.20: elover. sl.lO ©1.30. Dressed poultry—Dull, easy: turkeys. 30© ole- chickens. 20©40c: capons. 35©47e: jowls. 17® 35c; ducks. 25© 35c: Long Islands. 33®34c Live poultry—Quiet and easy- gees:. 11®23e: dueks. 10® 35c: fowls. 14©)260. turkeys 45©50c: roosters. 18c: broilers. 30 ©4oc. Cheese—Quiet; State milk common to special. 25©27ct Young Americas. 24%@25e. Butter Strong: creamery extras, 52c: special market. 52% ©s3c. Eggs—steady: nearby white fancy. 77©78c: nearby State white. 51 ©s6c: fresh firsts. 55© 61c: Pacific coast first to extras, 67©>76c: western whites. 36®H5c: nearby browns. 70©75c. Potatoes—Long Islands,. $3.50 ©6 State, t4.75@4 90: Maine. $4.25® 5.50: Canadas, 505.25; BCTmuda, $9 ©l6. Sweet potatoes—Jersey, per basket. 75c@$2: southern. per basket. 75c©51.26, per barrel. $2.75® 3. . We cannot hear a sound if it has less than thirty or more than 40,000 vibrations per second.
MART MISLEADING ON INCREASES OF FEW INDUSTRIALS Baldwin Continues to Gain — Marine Preferred Buoyant. By E. Walter Muckier NEW YORK. Nov. 27.—Pronounced strength in a few selected industrial stocks Friday gave the entiie market a somewhat misleading appearance of strength. Baldwin, Steel common. Mercantile Marine preferred, Union Bag and Paper and a few other issues were buoyant. Regardless of the reasons back of the sharp advance in Baldwin there can be no denying that the buying had been very good. The movement is shrouded in mystery so far as the bases go, but on the surface the movement seemingly represents accumulation rather than forced short covering. Marine preferred rose more than five points in a sheer movement which did much to bolster belief in the Government report that the company had sold the White Star Line, its biggest single asset, to the Royal Mail Steam Packet. The report lacked confirmation in banking quarters closest to the company, while officials of Marine also refused to discuss the statement. However, the manner in which the report appeared gained for it considerable credence. Marine Bonds Rise Incidentally Marine bonds rose some points during the day, while the common stock has only fractionally higher. This all works in with the idea of the sale as the bondholders and preferred stockholders would reap the immediate benefit. This reported sale of the United Star Line is rather an old story in Wall Street. Actually accomplished during the war, the sale was called off for political reasons. Earlier this year the sale was considered ns having been virtually crmplcted with the Furness Withy interests. At that time Messrs. J. P. Morgan and Chsrlei Steele, a Morgan partner, resigned from the Marine hoard because the other end of the deal was being negotiated by the London associates of J. P. Morgan & Cos., and the bankers did not care to be sitting on both sides of the table. Since that time, long after the deal was officially called off, Morgan and Steele were reelected to the Marine board.. About Ford Rumors Evidence that Ford's shadow still lies over the motor industry was afforded again today when the report of the coming of six and eightcylinder Ford cars was revived. One of the tickers which furnishes Wall Street with its information minute by minute, brought out a story that the six was coming at the beginning of the year with the eight to come in mid year. The News Service declared that Ford dealers had already been approached on the matter. The report was officially denied by the New York representative of the Ford company, however. The circulation of the report gave Wal! Street something else to think about. The minor mbtors are not doing so well, if the stock market appi - aisal of motor securities is any guide. Apparently it is hard enough to meet the General Motors competition in the general field without having the Ford organization enter tlie list. Six and eight-cylinder Ford ears would mean that the Detroit Industrial leader would run the gamut from the cheapest fours to the extra high-class and high-priced field with his Lincoln. *
Commission Row
PKII'ES lf> KKTAII.KKM FRUITS Apples—Fancy Grimes Golden bti $4.50© 5: Jonathan, bbl.. $4©5.25: Delicious, 10-lb. $2- King David. 40-lb basket $1.25. Dates—Minorct 36 pack to box, $1.50: Dromedory 36 nach to box $6.75: bulk dates. 11c lb. Figs—l 2 pack, to box $1 16- 60 pack lo box. No 6 $3. 24 nack to box. fanev $3- l 2 nack to box black. 8176: im ported Tayer. 10-lb. box $1.90 0 210 Cantaloupes— Honevdew melons crate $3 00. Honey—24-eake orate $4.5006 Casabas —Per crate $3.50. Uoconuls —Sancv lama was ack of 109 85 75. Frapcfruit—Extra fancy, $4.75 ©5: Florida. $4 04.25. Crannerriee— fancy blacks hall barrels $4 25© 4.50. Kumqilats—Florida 20©25c qt Lemons—California $4 eCate. Limes—Florida 100 $2.5u. Nufs-—lndiana chestnuts lh . 15 0 23. shellbnrk hickory-nuts lb. 2®3e: blek walnuts 30.3%c lb.- English walnuts ap © 98c. Oranges—Florida $3.5006.25: California navels, $5.5007.75. Pears—Oregon 85.50 box: Oregon D'Angos $5 box Persimmons 75c Wsl Grapes—Emperor crate $2.25: extra fancy kegs $4 50. Pommegrantes—California $3 per box Tangerine—Florida $5.60 per % box VEGETABLESArtichokes California $1.25(81 nil dozen. Beanß—Fancy southern, s3®6 hamper Brussel Sprouts—Fancy Cslitomis z.-r pound Cabbage—Holland seed 2c lb. - red cab bage, 5c lb Celery Cabbage—H G. $2 dozen Cauliflower —Colorado, crt.. $2. Celery—Michigan squares $1.50 box Michigan rough $3.25 03.50 per twothird crate: Michiiatn iumbo. 51 25 dozen Cucumbers—Honiouse $2.60 Eggplant—Florida. $7 crate Garlic —Pound 10©12%e Kale—Kentucky sack. 51..50 Lettuce—Western Iceberg crt. $4.50 Mangoes—H G.. bit., $2. Mushrooms—Pennsylvania $2 for 3-lb Onions—H O, vellow 10(1 Iba. $1.76 Utah Valencias. 105-!b bag $3- Snanish crt.. $1.90 green doz. 40c Oyster Plant—H. G. 45c doz Peas—California $6 ner hamper. Parsley—H (4 doz Punches oOc Root Vegetables Turnips, bu., 85c gaisnips bu.. 81.50- carrots bu $1 sf> ansdion rutabages $2 crate Squash—H. W. while summer bu 76c Potatoes—Michigan round white sack $4.3504 50: Minn-sots Earlv Ohios 120lb. bag $4.2504.50. Shallots—Louisiana 800 85c Der dot ton. $1 Radishes —Southern long reds 40c: button, sl. Sweet Potatoes—Fancy Virginia bh> s3© 3.25: Indiana Jersey, bu., $202.50 Sninach—H G bu. 51®1.25 Tomatoes—Six-basket, crate 86. Cider —I4aai keg $h
Local Wagon Wheat
Local grain elevators are paying $1.26 lor No. 2 red wheat. Other grades are purchased on their merits.
Expect to Close Oil Trial by Christmas Bii United Press WASHINGTON, Nov. 27. —A decision In the Fall Doheny oil onnspir acy trial by Christmas was planned by defense and prosecution today. With quick presentation of evidence and with overtime work hy attorneys, judge and jury, it was hoped to end the trial by the holidays. The o(>urt was in recess today, while Justice Adolph A. Hoehling studied whether to allow in evidence three excerpts from the famous Sen ate oil committee hearing giving the widely differing stories of the fie fendants, former Secretary of Inte rior Albert B. Fall and Edward 1. Doheny, oil magnate, on the SIOO,OOO loan made by Doheny to Fall. mrslalltals WITNESS STAND (Continued From Page I) mer attorney general of New Jersey. The family Bible of the Stevens family was identified by Mrs. Hall and read into the record. It recited that Henry Stevens, eldest son, was born in Poughkeepsie, N. Y., Nov. 20. 1869. that Willie Stevens was born in Aiken, S. C., March 13, 1572. and Frances Noel Stevens was born in Aiken, Jan. 13, 1874. Speaks Clearly Mrs. Hall's voice was low but she spoke clearly and replied promptly to McCarter’s questions. She said she had been a communicant at Chi-ist Church, New Brunswick, until her marriage to fed ward Wheeler Hall, July 20. 1911. “Was your husband older or younger than you?” asked McCarter. “He was younger—seven years younger." Mrs. Hall said that after her mother’s death she lived in the commodious New Brunswick home with her husband and her brother Willie. She said her brother. Henry, was an infrequent visitor after his mother's death. "Do you drive a car?" asked McCarter. “Yes. a Dodge.” "Did your brother Willie drive a car?” "No." Mrs. Anna Bailing of Mt. Holly, N. •T., today told, the jury that she once heard James Mills tell members of his family th: t his wife accused him of jealousy. Mills, she said, was talking with his two children. Charlotte and Dan Mills. She heard him tell them that their mother, Eleanor ills,.for whose rr.Virder Henry and Willie Stevens and Mrs. Frances Stevens Hall are now being tried, had accused him of jealousy and that “I made a hell of a house for her.” The witness also said that Mills had told her that the night before the murder three letters had fallen from his wife's scarf. Mills, when he was a witness, could not recall these statements, about which he had been questioned at that time. Mrs. Ending and Timothy Pfeiffer, defense counsel, were the chief witnesses of the morning session. Carolinas Damaged by Cyclonic Storm Bu United Press WINSTON SALEM, N. C., Nov. 27. —According to Information reaching this city at noon today severe damage was caused by a cyclonic storm which swept parts of North and South Carolina yesterday afternoon and last night. Property damage in the two States may reach a million dollars. Reports say the storm was heaviest at Rockhill, S. C., and Newton and Salisbury, N. C. Although many were reported injured no deaths have been listed. $111,821 STREET FUND City Engineer Announces Figure for Resurfacing in 1927. A fund of $111,821 will be available for general street resurfacing during 1927, according to City Engineer Chester C. Oberlens. The total amount appropriated for resurfacing during the year is $259,096.28, but $147,275 of this amount has already been pledged to resurfacing specified streets. The list includes the resurfacing of W. Michigan St., from Whitewater PI. to Holmes Ave.; N. Meridian St., from Tenth to Sixteenth Sts., and English Ave., from Harrison to Shelby Sts. LEAPS TO DEATH Bn United l’ress WASHINGTON. Nov. 27.—Authorities hei - e today believed ill health caused Frederick U. Hanks, local bank official, to leap from a street car trestle. Ho sustained injui-les from which he died last night. The -police said lie declared In an nnte,mortem statement he had had suicide ideas but believ“d he had conquered them.
In the Sugar Market
(By Thomson & McKinnon) NEW YORK. Nov. 27—Under tho weight of continued realizing the sugar futures market today lost more ground. The selling, however, was not at all aggressive and simply represented, particularly at the yveek end. a desire to take profits recently accumulated. Sugar trade news was essentially unchanged. It was made clear that refiners yvere not interested in additional purchases ot raw© above the .'beent level and in vieyv of the fact that they recently have pretty thoroughly filled their current nerds. Reports of prospective decreases in sugar crops in variou- M ctions of the world continued to attract ihe attention of the trade and were probably a stabilizing influence in futures. II the bulls were :o enthusiastic during the past week and bid up prices that could not he immediately justified by actual transactions in the raw market, it is likely that the selling will be overdone and we think Ihe market is nearing that point The advantage lies with those who will buy the distant months at current levels. RAW SUGAR PRICES Prey. High. Low. Close close. January 3.13 3.10 3.12 3.14 March 3.05 3.03 3.04 306 May 313 3.10 311 314 July .3 10 3.18 318 3.22 September 3.27 3.25 326 3.29 December 3.11 3.10 310 3.13
I BUY AND SELL
Central Indiana Power Pfd.
Member of Indianapolis Stock Exchange
PAGE 13
POISON IS FATAL TO MRS. RUBUSH Ex-Policeman’s Wife Ends Own Life. Funeral arrangements are Incomplete for Mrs. Mario Rubush, 37,
wife of George Rubush, former city patrolman, wh o committed suicide Friday at the home of her daughter, Mrs . Dorothy Bowles, 1633 Minnesota St., by drinking poison. Mrs. Rubush, with her son of a first husband, Paul, her husband and two of his men friends had driven here from Cicero, 111., Thurs day, according lo her story to Mrs.
.Mrs. Publish
Bowles. She asserted the men left her silting in their auto on Indiana Ave., till late Thursday night, while they were out drinking. After staying all night at a downtown hotel, Mrs. Itubush went to her daughter's home, purchased some poison at. a nearby drug store and in s. short time took her life. Mr:. Bowles said her mother married Rubush about three years ago. He is a semi-professional baseball player. budgetbodyTo CHECK RESOLES
The Community Fund budget committee, which lias been working all week on the reapportioning of allotments of the various service agencies, will meet Tuesday to discuss l results. The fund drive closed Friday night, with 95 per cent of the 1927 goal reached. Final audit showed $654,504.97 of the $683,000 quota pledged. This figure is $4,000 over last year, but $28,495 short of the' goal. Secretary Homer Borst predicted the fund would be pushed up to $G60,000 by Jan. 1, through belated contributions. In a letter to heads of member organizations, President Fred Hoke advised all to remain on the present budget basis until anew allotment is set. This would lie impossible before the first the year, he declared. WOMAN SUES KNUTE ROCKNE Bn Times Special CHICAGO, No*. 27—Notice of a $50,000 damage suit ngainst ICnute Itockne, Notre Dame football coach was filed in Circuit Court here Frl-, day by attorneys for Mrs. Anna Brennam. The notice did not reveal the na turo of the suit and her attorneys, Callahan and Callahan, declared they were bound to secrecy by their client. An addition to the notice said the suit charged “trespass of promise.” “If Mrs. Brennam is willing, I will make public the details of the suit later,” Francis J. Callahan, of the law firm, said, "but she has Instructed us to give out no information — not even her address—and we are committed to respect her wishes.” He added, however, that the trespass of promise “did not Involve personal injury.” Callahan said he had been attempting to reach his client during the afternoon, but that she apparently had gone into seclusion. EIGHTH WEEKFF QUIZ TO START The Marion County grand Jury will reopen its probe Into nlloged graft and coriuption in Indiana Mon day, it was announced today. This will open the eighth week of the grand Jury's session. Six weeks have been spent in probing charges that Illegal deals were made between D. C. Stephenson, former “old man” of the Klan, and politicians. Thig week nothing,has been done by the Juroi's In the probe. They have devoted their time to Jail cases pending since the probe opened. Prosecutor William H. Remy refused to divulge what moves of tho jury will be when the quiz Is begun again. Remy and Ralph Kane, assistant prosecutor in the case, have been working on the cise tills week, and are expected to present new evidence. HE SMELLEDTHE FIRE The sniffing nose of Sergt. Cliff Richter, was used for something besides scenting liquor Friday night, and as a result a serious fire at the R. It. Akers Company, 232 N. Illinois St., was extinguished before it gained any headway. While passing the place, Richter smelled smoke, broke a front door glass and turned in tiie alarm. Tho firemen discovered the blaze in a trash pile. HOOKIFR ELECTROCUTED Bn United Press BAD AXE. Mich.. Nov. 27. —'Tho body of Jason Brownfl 29, of Washington, Ind., who was electrocuted at Melvin Friday when he touched a wire carrying 23,000 volts, was to be shipped home today. Brown was a rpeter superintendent for the Michigan Electric Power Company.
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