Indianapolis Times, Volume 38, Number 204, Indianapolis, Marion County, 1 December 1926 — Page 15

DEC. 1, 1926

PORKER MART GENERALLY 25 CENTS HIGHER

STRONGTONEFOR STANDARD STOCKS IN EARLY IRA® Today’s Disbursements May Be Reinvested, Is Belief.

Average Stock Prices

Average of twentv industrials for Tuesday was 150.V> up .62. Average of forty bonds. 05.84. off .07. tin United Press NEW YORK, Dec. I.—Wall Street was relieved by the arrival of Ded. 1, feeling that the demand on the money market would he less burdensome with the completion of dividend and interest payments aggregating in excess of $340,000,000. Although call rates were not expected to work definitely easier until after the midmonth tax payments and government financing were out of the way, the belief that some of today’s liberal corporate disbursements would be reinvested in standard stocks created a good tone • issues of this kind on the stock 'hange in early dealings today. The opening was higher. Advancing tendencies in Steel common, General Motors and Baldwin were arrested toward noon by a statement of the Iron Trade Review that steel operations were falling off rapidly. It was estimated in trade circles that ingot production for the entire country was now down to 70 per cent of capacity and predictions were made that the rate will drop to GO per cent before any appreciable upturn.

Banks and Exchanges

—Dec. 1 LOCAL ( LEAKINGS Indianapolis bank clearings for today amounted to $3,689,000. Debits. $7,471!000. FOREIGN EXCHANGE NEW "YORK. Dec. I.—Foreign exchange opened irregular. Deiffand sterling. 84.84 0-16. off .00 l-3”e: francs. 3.71 c. i p .09c: lire. 4.2?’••<;. un .05c: belga. 13.89 c: marks. 33.76 c.

Indianapolis Stocks

—Dec. 1 —Stocks—thd. Ask Am Central Life 325 ... Arner Crensoting Cos nfd. . . 100 *:• ... Ad Rumely Cos com ll’ 12 Ad Rumely Cos pfd 41 41 % Belt R R com 60 'a 70 Pelt It It pfd 57 63 Cent led Power Cos pfd ... 87 93 Ccnturv Rida- Cos pfd 100 ... Cities Serv Cos com 49 ... Cities Service Cos pfd 93 .-. Citizens Gas Cos com 50 51 Citizens Gas Cos pfd 105 'a •Commonwealth Loan Cos pfd 97 ... Equitable Securities Cos com 51 ... Hook Drug Cos com 28 V 4 ... Indiana Hotel com 110 ... Motel nfd 101 ... Gas 58 61 Indianapolis St R.v 38 H 43 Interstate Pub Scr pr lien nf 97'. . . . Merchants Pub Util Cos pfd. 99 . . . Progress Laundry com .... 21 Pub Sav Ins Cos 14 ... Kcii'b Fertilizer life! 48 . . Real Silk Hosiery pfd 9*> UK) Standard Oil Cos Inti (>4% ... StPriinp Hire Ins Cos loVj ... T H T ft E oom 1 4 t ii i & k pfd 23 2.> T H l & L Cos old 5)0 l nion Trap of Ind com Inion Trap of Ind Ist pfd.. .. 10 l r nion Trap of Ind 2d nfd.. .. 2 I’nion Title Cos com 88 Van Oanm Park Cos r f d. . . . Id Van Camp Prod Ist pfd.. .. 91’i JJd Van C'aiTMi Prod 2d nfd. . 9.> Wabash R.v Cos corn 38 ' * ... Wabash Kv Cos pfd 73 V,* —I? unis— Pelt R R and Stockyard* 4a 90 Proud Ripple 5? 79 82 V* ( 11 tr.*' i* (Papa e:;iss . . . 98 C°nt tnd Power Cos 6s 99 . . . Cent Ind Power Cos 7s 99 Citlzips ('as Cos 5s 100*4 101 ("lizeps S t P It ns 84 14 86 Home T and T of Ft W 6s. .193 104 Indiana Coke and Gas 6s . . . 102'A Indiana Motel 5s 98 ... Indiana Northern 5s 3 ... Hid R.v and Lt 5s 95 Ind Service Corn 5s 92' i ... Jnd ITnion Trap 5s 3 ... Ind pis Cel & So 6s 98 ini II tin t Mat Cos 51 99 100 ll.tip's 1.1 and IP 5s 191 . . . ludpls & Martinsville 5s . . 64 09 i atj:>:j'is North rn 5 *M "5 Indn's & Northwestern 5s . 04 Vi 67 Vi Jmlpls & S E 5s 3 8 Indpls Shelbv & 8 Ess .. . 3 . ti I *'' s $t Re 9 04 C > 1 idii’s Trne £• Term 5s . . . 94 Vi ! 6 gin's Union R.v 5s lot 1 (bus Water Wks Sec Cos . . 97 7 h'p's Water 5 ' . s 103 >i 1 ■ ‘ '. I tipis Water -I '..s . . . 04', I'l’i jt . p, c. tis t noi Hi |. Mi-c-state Me 9 s Ii- ti'.-s Id;'., TT4 T & E 5s 75 TUT and Lt 5s 93 I aj oil Trac of inti 6s. . 31 21 t Hank Hfn-lis— Aetna Trust and Sav Cos ..lit ... 1 tank r> i rust <*p , . i3O .. • city Trust Cos ..... i4O Continental National 115 ... Fanners Trust Cos 338 Fidelity Trust Cos 159 . . Fletcher Amerieon 109 ... r letchei sa, P" trust Go 3.50 Indiana National Bank . . . .367 270 Indiana Trust Cos 938 "50 Livestock Ex Bank 101 ill Marion County State Bank. 17., Nat Bans 330 ita'e Bank . . . .345 250 Test's Savings and Trust 95 Union Trust Company ....403 l"S Wash Bank and Trust Cos. . .157 —Liberty Bonds — Is* 3 1 s 100.30 1 •1.40 Ist lbs 103.5(1 I 13.00 9,t 4'is 100.70 110 SO 3d 4Vi s 101.06 101 p: 4|)i 4‘,s 103.08 103.35 IT sTr 41m 109.60 109.70 USTr 4s 105.60 105.70 u STr4 1 u s 102.40 102.50 *Ex-d ; vide!id 4 per <■- .it. SYNTHETICS IN INDUSTRY Weapons Witli WliLc’i Monopli’s Are Defeated. Bn Timi h S'i rial NEW ■ YORK, Deo. 1. —Synthetics are the weapons with which industry la defeating monopolies of its raw materials, says National Bank of Commerce in the December issue of Commerce Monthly: “So long as raw material is plentiful anil cheap, there is little spur toward devising a man-made substitute for it, but as scon as the pinch of scarcity is felt or monopoly raises the price of tlie natural product wits are put to work to offset the limitation. “Scarcely an industry exists which is not now affected by or dependent on these compounded products. Rayon, the resin compounds, artificial leather, lacquer, celluloid, synthetic fertilizer are a few of the compara•ely recent contributions that ence has made to modern industry. Others of outstanding importance are just coming to the stage of commercial utilization —the successful production of motor fuel from coal for example. Practically no natural product is entirely safe from Hie possibility of competition from a synthetic rival.’’

New York Stocks (By ThomHOn & McKinnon)

—Deo. 1 Railroads— Prev. High. Low. 1 :00. close. Atchison . .154 154 153 7 154 ,\tl Cut L. .207 . . 206 ' 300 hr K& O ... 106 U 105 a Mill*,, 105 74 Can ad Pae 164 ... 161 iiitijs O&O ... 1 Ill's 158', l(ill f ; 158'j C& NW . 771, 77 77 4 79 C It I & 14 681, ... 67 7s 68 Del & Hud 171 Del & Lack ~ 14j* t Erie 38 4 ... 38 4 38 4 Erie Ist 1)1(1 45 s ... 4.i“ 4.-. j Gt North nf 80 4 80 4 < '* Lehigh Val. 95 4 92 4 9.) Is 9b 1) & N ... 133 4 ... 1 4 163'“ M K & T . . 33 . . 33 .16 Mo Pae nfd 90 4 90 90 4 80 Vs X Y Cent. .134 4 1- * NY Nil & 11 43 4 43 4 42'a 42 s North Pae. 794 79 79 <9 Nor &Wn .158 4 . 1 .>8 4 I*B 4 Pere Marq .119 . DO 110 Rending ... 89 4 88 ' 8 Railway 11,4 ... ]\‘ * So Pacific .106 4 ... I0.;4 10ft> St Paul ... 94 ... 4 ♦ St Paul i>fd .. ... • ••. •* Lft SW b2‘j ... t2 , u b.i St L& 8 F 101 ’t ... 100 4 100 4 Fiuon Pae lbOJ* ... .* Mi;!.) Wabash .. . 39 4 .. • 5-' '}, - H Wabash phi 74 4 ... 71 >1 Rubbers — . Fisk 16 4 'l6 4 16 4 16 4 Goodrich .. 414 ... 40 s 41 Goodyr pfd •'} T - Kelly Spgfhl , -ji,. -J j* u S Rubber 5,4 o*> 4 J,4 ■< ,* Equipments — Am C and F .. ... • • ] <]•* 4 Arner Loco 108 ... I' l * Am Stl Fity 44 4 .. . 44 * Bald Loco .158;, 1.>6 4 158 105 4 4veil Elec. .. 88 *,_• 8< h 8* •. n7 N Y Airbrk 434 434 4. 4 4. a Pi- Stl Car. 43 4 .... 454 43 .a Pullman .190', ISO-. 1 ISf West Al 5 136 ... 15;>4 15; Went Elec (3DU 88% BUU o.) Steals— Bethlehem. 48. 47'i 47 Colorado F. Crucible .. 74' .44 ,4'a * Gulf S Stl. 56 o-> '4 •> .. u PRP& 143 ... 4,4 43 Rep Steel ... • • •• • 4 SlOrtS-Shf'fC - - ••• ~ .: l i t*?.' U S Steel. 1014 H 64 117 146.s Vanadium.. 40 4 40 4O * Motors — Am Bosch. 16 4 ... lON 40 ’* Chandler . ... ••• hX',* Chrysler .. 36 4 ... 3''.'* Conti Mot. . . , ... r, A, 4 Dodge .... 23 7, . . •> ; -5 *a Gabriel ... 30 ... -O 30 Ceil Mot . 140 4 138 , 1384 U'l',, Hudson ... 46 4 4.,4 4j> •* L!,"* Hupp 20 4 ... 20 4 -0 4 Jordan ... 144 .■• 'l,' A J Mack 984 9.4 9.4 84 Martin-Pa yV.v Moon ... .- m . ■• Packard '.! 34 4 34 4 84 34 4 StudebakrV. 534 '52 4 52 J- s;| Stewart W. 66' . . . o’> t! Timken ... 79 4 79 4 .9 4 ,< . Will.vs-Ov.. 23 214 -1 * - 1 *

JAPAN NOW RATED BUSINESSPOWER Cooperates and Utilizes Its Man Power. Hu Tunis Special NEW YORK, Dec. I.—Government cooperation and the utilization of its man power have made Japan a competing power, according to a study appearing in the December issue of Commerce Monthly, published by the National Bank of Commerce in New York. “The world’s confidence in the power of Japanese accomplishment has never been more clearly manifested than in the rapid return of yen exchange to par. The surge of recent events in Japan has swept into actuality such things ns tariff revision of major kind, drastic reduction of industrial capital structures, banking reorganization and reform, party organization in government and universal manhood suffrage. ‘ The confined quarters in which the Japanese live and the meager sources upon which they have had to make their way have been a prime factor in tlie economic history of the ■ mpire. Japan has had to garden rather than farm its soil. More than half the families are working Hie land on plots averaging less than three acres to the family. Primarily, die thing Japan lias to utilize is labor. The backbone of the whole economic structure was and remains the small handicraft industry. “The growth of so-called big business has naturally been the most spectacular feature of recent years. The funds for its development, however, had to come from its more in conspicuous predecessor and neighbor. ‘Government in business' in Japan is a driving and directing influence. To further colonial development the government has subscribed capital in railways and banks. Tn contrast to I lie practice in America the deposit funds of the postal savings system are made available to industry by direct loans."

Out Our Way

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\\ hihf Mot 56"; 56 4 56', Am Smelt 133 4 ... 133 4 133", Aiiacoada... 47 4 ... 47 4 47 4 Ccri-o I) 1' . . . ... ... 614 Inspiration ... ... ... 26 4 Ini. Nickel. 39 4 38 4 ;;S 4 38 4 Kenneuott.. 63 62 4 63 62", Ti.x G & 8 514 50*4 51 514 U S Smelt 35 ... 35 344 Oils— Atlanta R 105 4 1044 104 4 101 Cal Petrol. 30 4 .. 30 4 30 4 -report T. 33 4 32'., 33 4 32 4 Houston .. 57 4 ... •'< s 56 In,lp Oil . . *'7 4 37 4 27 4 37 4 Marlami Oil at 4 ... 54 54 Mid Ct Pet 30 4 30 4 30 4 30 4 P-A Pet ... 63 4 ... 62 4 60 4 P A Pete 15 62 4 62 62 7* 62 Pacific Oil. .. ... ... Iti Phillips Pet 55 4 5.5 55 4 55 Union Oil. . 53 4 . . . 53 4 -’>3 Pure Oil .. 27 4 2(14 37 4 36 4 Royal Dute 49 Shell 304 304 304 30'* Sinclair ... 184 174 184 174 Sketly ... 34 4 34 34 4 34 4 81,1 Oil Cal 57 4 ... 57 4 58 Std Oil NJ 384 ... 38 4 38'* Texas Com. 5.5 4 5.5 65 4 55 4 Trans Pet .4 3 4 4 4 Industrials— Adv Rumely 10 ... 9 10 Allis Chaim . . . . s~4 Allied Cbm 1404 1364 i.19 136 4 Armour A. 164 16 4 16 4 15 4 Am Can ... 53 53 4 52 4 52 4 Am H & L . ... ... B', A II & L Ilf 48 4 48'/, 484 4?4 Am Sit Kz . . ... ... 60 Cent Leath. . . ... ... 74 Coca Cola 166 4 166 4 166'J 166', Coot Can.. 74 ... 74 734 Davison C. . . ... ... 26 4 Dupont .. 164 ... 161 1684 Fm Player 117 1164 1164 116", (Jell Asphalt 87 4 86 4 87 85 4 lot Cm Emr 43 ... 4-> 4 42 4 bit Paper. ... ... 5*14 Ini Harv .137 4 137 137*1 137', May Store 137 ... 137 136 4 Mont Want 66 65*1 66 *154 Owen Dottle 82 4 ... S3 4 82 Radio .... 58 1 1 567* 57 4 7,6 4 Rem Type. 115 4 114 114 4 1114 Sears Koch. 53 4 .53 .53 4 52 4 United IK- 1 (',2 161 162 161 US P I P.219'. 215'. 2192174 u S In A! . 804 . . . 79’, 80 4 Woolwortli 191 189*; 189 4 189 4 Ml!'ti* Am TA- T. 149 148 4 149 148 4 A Exnr.es ... ... ... 1304 An* W Wk . . ... 59 Bklyn M 70 4 70 4 70 4 Col G A El " n " . 89 4 90", 89 4 Cons Gas. .1 1 , 111*, 112 1114 Interboro. ... ... 49", N Am Cos.. 4.,4 ... 48% 4.8 4 Peonies G .. . ... ... 335'* Phila Cos ... 85 S Gas A E 56 ... 55'* 55 4 Wes Union 145 ... 145 145 SliinpinE— Am Tilt Cor 30 4 ... 39 4 39 4 Am SAC.. ... . . 64 Atlantic G ... 38 4 'll M M nf,’ 39 . . . 38 4 38 4 - United Fr 123 4 . . 123 4 123 4 Foods— Am Sugar. 83’, 83 834 SI4 Am B Sug 27 4 27'.. 27 4 Austin N.. S', ... 8 4 8 4 Calif Pkc.. 69 ... 69 *l9 "i Corn Prod 49 4 ... 49 4 49 Cuba C mi .. 48 4 Cuba A Sue 28"; 27 28 4 Fleisehman 49 4 494 49 4 49 Jewel Tea 45 4 Nat Biscuit 974 .. . 974 98'* Punta Ale ... ... ... 44 4 Postuni .. 98 4 98 98 4 98 4 Wd Bk (Bl 324 314 32 314 Tobaccos—- ! Am Suma. 40 4 70 40 4 40 Am Toll ... 1214 Am T 18)... . . . 319% Cons Cc.'.. 86", 84 4 86 4 .84 Gen Cicars ... ... ... 54 4 Liggett ... . . 99", Lorillard . . 32 . 37 30 1 a R J Rev. 118"; 118 1 IK4 118 IT P (111 .109-’, 1084 1094 1084 I U Cig Slop 9(1 1 , 95’, 96 4 9(l'* i Schulte RS 48", 47 48". 47 4 $1.50 RAILWAY DIVIDEND Extra Dividend by I/’liigli Valley, Besides Quarterly Issue. Hii l n itnl Pres * NEW YORK. Dee. I.—Lehigh ValJ ley Railroad today declared an extra I dividend of $1.50 on the common stock, together with the regularly quartly dividends of l a * per cent on common and 2'i per cent on preferred stock, all payable Jan. 3 to stockholders of record on Dec. 18. Births Bi> > n Homy ami ILittiu Snipes. -1(5*1 W. Sixteenth. John and Lillian Wurz. 322 X. Rural, tieorgo and Loy Smith. 15U2 Kennington. Allison ami Josephine Williams. Clark i lilakrslee Hospital. Ralph anti Mary Simpson. Clark Blakeslee Hospital. Jesse ami Nellie Morris. 5075 Sheldon. (•iris Wilbur ami Julia M el t abarg er, 1185 Laurel. j William and Bertha Cope, 1042 N. Perfhios• I Harry and Velma Linebury, 010 Hisrliland. John anti Leona Gartner. 2305 RinztfoM. Peter anti Mildred Dailey, 2030 Brook* side, Leslie ami La Trieia Ford. 505 1 j Prosne<*t. Clifford and Ina Harper. 552 N Lvnn Loving and Maty Ruhr. 2515 Highland. Deaths Grace F. Criin. 43. 2217 S. Meridian. : lobar pneumonia. Ernest Mcnze. 7°. 1051 Virginia, chronic rtiyocarditis. Tillio S. Schaefer. 02. 608 N. Alabama, influenza. „ „ t , Lewis I. Lewis. 75. Methodist Hospital, cerebral hemorrhag’e. Charles W. Smalley. 00. Continental National Bank, aeuto dilatation of heart. Martha J Hobbs, 84. 101 Bradley, apoplexy. Mary Nelson. 77. 0230 E. Washington, un mi a. Anna Bremen. 69. 11 Vj N. Oriental, chronir uremia. Matild.l Kraft. 80 1058 9. Talbottt aeiitf* ililatatimi of heart. Martha J. Motley. 81. 953 Lock, broneho pneumonia. Charlie Dortch. 54. 1213 Alvord. aente myocarditis. Della Johnson. 39. city hospital, septieaemia. Dona and Ketlford Smith. 11. 054 N Gray, a. nte dilatation of heart. _________

THE INDIANAPOLIS TIMES

Hoosier Is Corn King Again

Peter J. Lux [of Shelbyville, llnd., Is Ameri!can corn king ; again. He was | chosen at ’lie live | stock exposition iat Chicago Tues- ; day. His son, Thomas M. Lux, 12, was named [corn prince MonI day. Lux first Iw o n national [honors In 1919.

■ -. TANARUS!

DECEMBER WHEAT DROPS FRACTION Million Bushels in Chicago Responsible. Bn United Press CHICAGO, Dec. I.—Delivery of a million bushels of wheat on Deccmbet contracts this morning caused a fractional drop in December wheat on the Chicago Board of Trade, but all other grains opened steady. Wheat opened unchanged to ic lower, with sentiment bearish on lower foreign cables. Corn opened 'ic higher in all positions, December delivery of 125,000 bushels of corn having no effect upon the pit. Oats opened unchange on all deliveries, with sentiment •trongly bullish and a decrease in the visiblesupply expected. Provisions opened unchanged. Chicago Grain Table WHEAT— ~~ Dec - 1— p,. eT High. Low 11 pm. ,-loh-. STv :: \fo: 1:!^: J %liN- 13lK I;U, ‘ 1:5114 Deu. .. .714 .704 .71’, .70'; May .. .804 .794 .80", 79 4 July .. .8314 .83'J .83 4 .82 4 OATS— " De<-. .. .41 ,40'i .41 '* .40*4 May .. .46 4 .45 4 46'* .45 4 July 46'., .45", .45 4 45'T Bye— '•* - Dec. .. .87 ... .86 4 .87 ! M *^kd-' JSU * u ‘ s !,4, ‘ ,Js ‘- I -Jail. 17 52 17 50 17.45 March ... 1° 47 May .... 17.60 12 55 12 57 12.55 fclBS— Jan 13 30 13 30 13/>a May 13.23 CHICAGO. De.:-. I.—Carlot receiptsWheat. 10: corn. 41: cats. 17: rye. 1. CHICAGO. Dec. 1 —Primary receipts: Wheat 809.000. against i.71)9 00ti- corn. 137.000, ngaiiiat 1.242.000: cats. 279 000 against 247.000. Shipments Wheat. 934 000. against 1.501.0O0: corn. 317 000 against 493.000: oats. 453.000. against 223.000. FRENCH REVENUE RISES lln Times Snerinl PARIS, Dec. I.—French govern nient revenue front all sources In October, not including receipts of the postal adminitsration which are carried in a separate budget, reached the record figure of 5.094,699,900 francs, showing an increase of 1.1962,031,000 francs oxer September, j 192 C. and of 2,120.854,700 francs over October, 1925. The unprecedented figure of 5.094.699,900 francs is duo to increased taxes imposed by recent laws.

In the Sugar Market

(By Thomson ft McKinnon) NEW YORK. Dec 1 —lt appear# \that little new demand will noccß*.iry in the raw Biizar market t advance quotation* l above the prevailing. 3 1 4 cent level and to Ia new liiuh for the year. Canada * reI ported to be in immediate need of raw* , and the Far East i* a strong factor in the ; market. Some irregularity m likely in futures. but on any temporary *-llincr movement I think the bui big will become particularly pronounced. FIRM RETIRES BONDS Bn Times Snerinl NEW YORK. Dec. 1. The directors of Christie, Brown & Cos. Ltd., have retired an additional $50,000 of its bonds, leaving only $600,000 outstanding of the $1,000,000 6 per cent bonds issued In May, 1925.

-By Williams

Receipts Estimated at 6,000 Hogs—Top and Bulk, $12.35. —Hot I'rice Range— Nor. Bulk. Too Receipts 23 11.784i 12 00 12.0(1 5 000 24. ,17.00 17.00 4.000 76. 17.15 I*ls 5.000 27. 1 °.75 17.75 3.000 79. 12.15 21.15 5.500 30 12.10 12.10 8.500 I.' 12 35 12.35 6.000 A general increase of 25 per cent prevailed in the trading in the hog market at the Indianapolis Livestock Exchange today, despite a steady Chicago market. The rise resulted from an increased demand and somewhat smaller run than on Tuesday. Receipts were estimated at 6,000 with 51 holdovers. Both top and hulk were at the same figure, $12.35. Packing sows were quotable at $lO #11.25. Hog Price Range Hogs weighing 120-300 pounds sold at $12.35; those weighing 300 pounds up brought all of which was an even 25 cents higher than Tuesday’s values. Receipts tvere estimated at 1,200 bovines in the cattle market, which was steady to strong. Beef steers sold at bulk of stock and feeder steers. $C.50®7.75; beef cows, $5®6.50, and low cutters and cutter cows. $3.50®4.75. Calves Lower Calf receipts were estimated at 1.100. Good and choice vealers were ! weak to 50 cents lower, largely sl4 | down, with a feiv odd head com- | tnanding the top price of $14.50. | Heavy calves brought $6.50® 5.50. j In the sheep and lamb department, | ovines. the market Avas steady. Top fed Western were sold at sl3. Bulk [of the fat lambs sold at sll® 13; i bulk of the cull lambs, $5.56® 8.50; ewes, $7 down, and bucks, s3®s. —Hor — Receipt*, 6.000: market burii'r 120-1 30 lb*. Si 2 35 300 lb* 11.7512.23 —Cattle—- . 1 200: market. ■4r ( , m . ; -leera s7.soft 10 25 Bulk atix-kir and feeder ati-cr* 6 50 <e 7.75 Beef cow* 5 IKK; 6.50 Low cutters and cutter cow*. 3.50© 4 75 —Calve*— Rieeint* 1.100: market wrak. Be.* veal era 514 00(0 14.50 Heavy Calvea 0.50 ft 8.50 —Sheei>— Receipt*. 1 n*> market steady, 100 tat lamb* 513 00 lit lamb* 11 DO If 13 00 Bulk cull lamba 5.50© 8.50 Buck* 300 ti 5 o*l Other Livestock i ■•[!/[!! M : 9 . ? —Cattle—Receipt*, i . stem .inij yearling** a< tiv*\ •‘tronif to *J5* blither: mn*ti.v up: Jui: weight* *lmrinsr adVHiu-e: top vearstv*ral load*. sl*L7s6i 13: iu:ht luifer* *harinr advar.i'O a# much a* ( e*nf* huher: cow* unevenly lii^her: | cutter .mil* about Ht*alv: *tok*r am! . i*tier trane :<w i *tca<|v; most vcarlim? Stockers around W>: bulk ♦? ;(Di 7.50 nub* and vealer* strong- bulk v^abrs. 1*- * outsider* >l3 and l>cttri 1 IiOOO market slow: jHdtpr Krad* fat lambs about steady: in rwjtwon tri ad* and heavv lambs w eak to I‘* lowir; too to small killer* 513.75: • ar!v bulk Sl**.7s fa 13.*J5: hotdimr medium-wtiL'lit f*<i <lipp*l Limbs around j>l >0: o\’P* weak S8 50'</ 9; sheep b’.ulv: bulk fat ewe*. Ss<*t;.so lioMivir '•lioice lightw rrht cwm above S7 feed ng lanxb* weak to *J5c h.w.r- bulk m* •Hum to trood lamb-*. Si i 50 fa | •*; boldinar bulk feeilinir lamb* SlWli.V Hogs—lie • *<upt. J 7 000 market slow. adv t> v.eak : ton £12.15- bulk SI heavvweurhf* *ll 70 l’M-V meilnmi'veulitt*. Sll 501 ’! 1 5 • lorht w Itehtwi’K-ht*. SI 50 ii 1*M0: light liifht*. Ml® |‘! parkintr sow*. SlO.!OtX i 11 **.s- r *iff ■ SI i *;s' |•* EAST ST LOVIS. De,>. 1 —Ho*/* Re. i oeiptH 1‘LOOO: market steadv- to 350 ;H< . SI 1 75*1 1-LOS: 200 to 250 bn. ;>ll 90(0 12.15; 1 *SO to 200 lbd SIIJMDo 12.20: 130 to 100 lb* . Sll 75 t/ 12.20: 190 to 130 lb- Si 1.7512.10; packing.how- slo.so*i 11.35 Cattle Ue**int*. 1.500: market for steer- -tron?. Hpots 25c biirher: -te- r*. SB.soei 10.50: >**el row*. S5 25(0 5.75: low eutter* and cutter row*. s3.ostf 0.50; veale”-. >14.25; heavy ealve*. bulk stocker and border ‘"teer*. 5t1.254t 7.10. Sheep—Receipt*. 1 000 market slow (on fat limb*. >13.25: bulk fat lamb-. >12.50 / 5 12.75: l bulk cull lamb*. >8.50; bulk fat ewe*. >5 ft i 0. I PITTSBrULfT Dec. 1 —Hosh—Receipts I. market 10 >/25a higher: 25p to 350 lb* sl 2.50Ef/ 12.75 200 to 250 lb*., si 2 05 'a 1 2.75 : Ino to **oo lb-. Sl2.‘*5 r n 12 00 130 o 10 lb*. SI .* .00'.i 13: SMI t*. ( 130 lb*.. SI2 PO'r 13 parking s*va*. •a 11.50. Cattle—H* ceiot*. 15: calve*, i 100 market steadv: lseef *te* r*. top. 50.20: vealer* Slsm 15.50. Sheep Re- < eipt *. 500: market *teadv to strong; top wefiier*. >8.50; top fat lamb*. >l4. TOLEDO. Dec. I.— Hus'*—Receipts. 300: mark* t steady lieavie* >12(**12.25j me,bums. >12.25 f a 12 35 oYrker*. 512.25 <0,1*!.40: pood nizs. 512.50^/I*!.T5. Calve* —Market, steady. Sheep and lambs Market stead v. Cf.KVF.I. \ Sl> Dec. 1 —Hoe*—Receipt* ‘i.000: market slow and “teadv; 250-350 lh* 5t2.45 0i 1 2 00: 200-250 lb*.. >12.50 - 100-200 lb* Sl2 50fir 12.00: 130 ltd) lb* Si 2.50 <ii 1200 : 00-130 lb*. 5i2.504f 12.10: packiipr eows. SJO.SOM 11. Cattle—Re,-4-ipt*. 350: calves, receipt* 000: market, calve* dow\ ntead.v veal* *tea(lv: bes steer*. >7.50til 8.00: beef row* 5175 'n 5.50; low ,-uW* r ami cutter row* <3 :5'./’ 25’ v ale**. Sl4* 14.50: ht ivv i avr- Slo' 12. Sheep—Rec eipt*. • ooo* mark'd ptfiub*; to’* f'd lamb*. All bulk f:t lamb*. 513.50'014: bpjk riiU lamb* SB<ii 10 50 bulk f:.t ewe*. Si in *; E \ST RFFFALO Dec. I. Hoes —Re ceipt*. 2.000: holdover* OOP: market steadv; 250 to 350 lb* . _SI 'lot 12.40: 2JJO to 250 lbs *l2 25*1 12 nO; IdO to 200 lb*. >l2 35 u\ 12.00: 130 to 110 lb*., >l2 40(o 12.00; parkin* sows*. >10.50 H 11.50. CattU—Re.® dpi*. 300. calve*. 100; market stromr ralve* Uady: veJilen*. SL -.i 15.50. Seliep—Receipt*. 1.800: buldiiicr I 2561 50c lower- top fat lambs. >11: bulk I cull lamb*. >10(n 10 50: bulk fat ewes, sb Ul 0.75.

Produce Markets

Ktrcs —Striell. fre*b delivered al Indian apolid. 45Kl 64c. Unite, uraoleeale prices^— Lreamerv be; t trade a pound. .>2 <:i 55;'. Poultry Fowls. 19(r21c: Lechortia. 13., 14e; ducka. lß'jtlHe. Cheese (wholesale buying nr.eeal—Wi conain Daisies 24 ><\ 25<-- Lonahomti 24 it 27e- Lin,burr, r "7c . Butterfat—Local dealers pay 505i .i.sc. CLEVELAND. De,-. I.—Butter Extra. 55 .1 56,• in tub lots: extra firsts, ~1, : firsts. 46 '-j o; pack illy stock. .’l4,- up. Kiras —Extra, heavy firsts sb-: firsts. or,Unary. Bile, tiiillrts. 32c: refrigerator extra firsts 37c; refrigerator firsts. 31'jc. Poultry—Heavy fowls, 24',i 25c: mediums. 71 23e: Leghorn. 15ft 17c: heavy springers. 74 hr 2.sc: medium. 21st 23c: Leghorn, 70.1 21o: heavy ducks. 24., 25c: medium. 72ft 25c: gees,,, 20ft 72c. Potato's—lso- - sacks round whites. -Maine, 84 50ft 1.75; Michigan Petoskevs. $4.15; Michi-.ni plain 53 85.(4 10: Minnesota and Wisconsin. $3,850(4: Ohio, lmshel sacks. 51.25M1.35. 120-lb. sacks Colorado Brown cllauties ami Idaho Russets. $4.1.5 ® 4.23. NEW A'ORK. TVo. I.—Flour—Dull and easier. Pork—Steady: mess. $36. Lard —Firmer- middle west. $17.90.(13. Sugar —Raw. Hrmr 96 t>st. 5.02 c: refilled, steady: gramdated. 6.05 ft 6.25 c. Codec— Rio. No. 7. 1.5", - Santos No 4. 20'jft 704, <-. Tallow—Steadv: specials to ,x----tra. 7ft 7';o. Itav—Oui'-t: No. 1. $1.30: No. 3. $1.10.(115: clover. $1 ft 1 .SO. Press'd poultry—Weak: turkeys. 30.(50c: chickens. 77ft 40o: canons. 35ft 47c: fowls 17ft 35c- ducks. 2.3 ft 35c; Long Islands 33ft 34c Live poultry—Tnsrtib*d: geese 1*1.(30c: (lucks. 16.131 c: fowls. 15(fJ20c: turkeys. 35 ft 45c: roosters. 17c broilers. 15 ft 78e. Cheese —Steady- state milk. comnTon to snootal. 24'..(27e: young Americas. 25c. Butter —Stronger: reoeluts. 6.251 : eraemery extras. 53' .c: special market 54 ft 54 Eggs—Weaker: receipts. 11.995- nearby while fanov. 70.i Tie: nearby state whites. 51 ft 09e: fresli firsts. 52 ft’ssc: Pacific coast, first to extras. a.AftTOe: western whites. 40ft 69e: nearby browns 65ft!08c. Potatoes—Long Islands $3.25 ft 6- states. $4.75ft 5- Maine s4.soft 5.60- Canadas. $4.90 ft 5.10- Bermudas. $9 ft 15. Sweet Potatoes— Jersey, baskets 75eft$2: southern baskfts. 05 ft $1.35: soutbem barrels. 52.75 ft 3.25.

Local Wagon Wheat

Local elevator* are navins Sl.’ltt for No. ” red wheat. Other srradce are purchased on their merits

MARKET DEALING QUIET BECAUSE OF HIGH RATES Lower Selling Marks Tuesday's Trading on Wall Street. By E. Walter Mm-kler NEW YORK, Dec. 3.—The continuance of a high money rate Tuesday caused stouks to sell lower in a featureless market. Congress Cigar, Monday’s feature, sagged after making anew high. The drop followed denials that a deal between Congress and Porto Rican American was contemplated. The demand for sugar stocks con'inued aggressively and apparently this group is far from through. Sugars enjoy a very good background as' the whole group was thoroughly liquidated months ago. Since that time the raw sugar situation lias picked up remarkably and the new following attracted to the sugar stocks lias been aggressively bullish. Here and there in the list a spe'cialty was inclined to rally, but always in response to j technical or individual factors i affecting that one stock alone and j having little general effect niarket- | wise. Review Bearish With stocks sagging steadily, the one cheering fact is the lack of a stale long interest in the market. There is no short interest worthy of special note. In general the market is so near a standoff as to make trading \-ery uninteresting. The first of the reviews and. reports for the season are beginning to make their appearance anil their average con- | tents can hardly be called encouraging. A distinct note of caution is being struck, and it seems that business leaders agree with the market that a halt to prosperity is in prospect. This season of the year finds attention in the market and elsewhere centered on the stocks of distributing companies rather than ui>on the representatives of the basic indus- ' tries. This is mainly because the holiday trade falls upon tiie stores and other distributors which thus give the measure of the year-end business. December Dull While high money should pass be- ■ fore tlie end of the week, it would I not he surprising if the stagnant ! markets should continue. Usually ! the stock market meets with but litj tie Interest in December. When all of the records are in for 1926. it will be found that this year of tremendous prosperity has been handled bettor than any previous like period so far as the stock market was concerned. There was the big break in March, but since that time the market lias rallied gradually and there has been no reason for any trader to take a heavy loss x\itli the exception of a few overboiled stocks of Dcvoe and Reynolds type. Offsetting these we have had the big advances in Baldwin and General | Motors, not to mention a hundred | minor gains. As the season pra- ! gressed. tiie stock market straightened out into a purely professional i affair, culminating in the present i stalemate.

Commission Row

I'liK KS TO ICLTAII.LKS I Kl I 1 > Apple*—Fancy Grime* Golden, bbl . Jonathan, bbl.. Delicious. 40-lb.. >-: Wolf Hiver. 40-lb. >askct. SI.ILV Dates —Minoret. HO pack, tn box. $4.50: Dromedary. dt> pack, to box, >8.75: bulk date*, lie lb. Fi*rs—l2 pack, to box. $1.15: 50 pack, to box. No ti. >;i: 24 pack, to box. fancy. >.*l: 1*! pack, to box. black. >1.75: imported. layer, 10-lb. box. $1.90m 2.10. Honey—2l cake i rate >4.50 HO. l .isaba'- —Her crate. >5.50. Cranberries—Karly black*, half barrel. 25 b 4 50; Centennial*, box. >5 ; Jersey h Howe*, ‘a bbl , >5. Cot omit*—Fancy Jamaica?, sack of 100. >5.50. Grapefruit Extra fancy. >4.75(5(5: Florida, .f t f n 1 25. Kumuuat*—Florida. 20(5 25c qt. Ijcnioiis—CaliloiTia, $4 (#i 4.50. Lime*—Florida 100. >2.50. Nut*—lndiana che*timt*. lb.. 15(&23c: *helibark hi<*korynnt*. !•>.. 2(o.‘h: bla* U walnuts. DfiiiP'U’ lb.: EtiKii*h walnut*. Ort 38c 11 Oranjs’e*—Florida. >o.2s(*i 7.75: California navels. .Vl ia m 1.50 Fear*—Oregon. >5.50 box: Oregon D’Aiikim. >5 box. I‘ersiiumon* >1 *5. (ire pes—Emperor, >2(5 2.50 per lu?: >1.50. Fomxranalc*—California. >3 per box. Tangerine—Florida. $2.50Ct4 50 per box. VRCKTABLRM Artichoke*—California >1 .25 dozen. Beans—Facy southern. >34f 5 hamper. Brussel Sprout*—Fancy California. 30c lb. Cabbajfe—Holland seed, 2c !b.: red cabhnse. 5c Ib. Celery Cabbare—Tl. G. >?tf?2.25 dozen CauHHowcr—Colorado, ert.. >2 (Vier.v —Michigan *ouare*. >1.50 box: Michigan rouxh. >3.25: Michigan jumbo. >1.25 dozen. Cucumber*—Hothouse. >1.50 dozen. Kfortdant —Florida. >7 crate. Garlic—Lb. 1 061 12 H*o. KaV—Kentucky, sack. >1.50, l.ettucc—Western lcebf i jr. <rt . >4 25. Mangoes—Florida peppers. >5.50 per ( Mnbroom* —Pennsylvania. >2 for 3-lb basket. Onion*.—Jl. G. yellow. 100 lb*. >1.75: Ft.ili Valencia*. 105-lb. bnjr. >2.50: Spanish. tit.. l .1*0; rreen. doz . 40c. Oyster Plant—H. (i.. 45c dozen. Pea^ —Cabfomin. >0 per hamper. Parsley—ll. G.. doz. bunches 50. Root Vejreteblo*—Turnins. bu.. 8.5 c: nnr*nitv, bu.. >1.50: carrots, bu . >1.50: Cnnadian rutabaga*. >2 ert. Souasb—ll G Hubbard, bbl.. >2.50. Pot a toe* —Michigan round white, pack * 1.25 fa 4.50 Minnesota early 0 Ili os. 120lb. bay.. >4 25 (<i 4 50 Sh.ißot*—Louisiana. 75c dozen Radishes —Southern Ion? red*. 25c: but to?' >l. cxvppf P^tntor*— bbl.. $3.50: Indiana Jersey, bu.. >°.so. Spinach—Tl. G. bu. >1 25 (a t ,35. r om;itor-—Slx-ba*ket ert.. >O. Cider—l 4 xal. kesr. >5.

In the Cotton Market

* McKinnon) NEW AORK. Dec. I.—When the South i* zellins. other influence* in the cotton niarekt arc of secondary importance. The amount was so small last, week I thought it would run it* course in a day or two. but Tuesday’s market, showed a considerable Increas*. Lower prices for the rest of the week are clearly indicated. TWO ARE INAUGURATED Inauguration ceremonies for Secretary of State Frederick E. Srhortemeier and State Auditor L. S. Bowman were held at noon today at their respective offices at tiie Statehouse. Bowman's oath of office was administered by his daughter, Mrs. Mary Olive McConnell. State highway commission auditor.

U. 5. Cotton Crop Not Only Record Bn linns Kneeinl NEW YORK. Dec. I.—While tiie United States is harvesting a record cotton crop, India is harvesting a record jute crop, says the National Bank of Commerce in New York. The December issue of tiie Com merce Monthly says: “Tiie largest jute crop ever grown in India is being harvested this year. In the same season the United States cotton crop is estimated at a record figure. To a very limited extent cotton and jute are competing fibers and in competitive uses the large supply of both fibers will depress the price of each. Indian production constitutes the world's entire supply of jute as efforts to grow it commercially in other countries have thus for proved unsuccessful. “This season, after excellent growing conditions in summer months, a shortage of water for treating the fiber resulting in a lowering of the quality and prolonged delay in getting the jute to market. Also, there hre signs of a concerted effort by the native farmers to hold back a part of the crop. Ne\'er before has there been so little material offering in the early crop months as in the fall of 1926.”

G.B.P. LEADERS BEFORE JURY (Continued From Page 1) j terests. This is charged by Corj poration Counsel Alvah J. Rucker in his suit for an injunction to | prevent the public service commisj merger of the two local light companies. It became known Tuesday that Lyons Monday night conferred with M. Bert Thurman, Senator James E. | Watson's supporter; John T. Moor- | man, Republican State_ committee | treasurer, and another man, at the ! Columbia Club before appearing be- ! fore the jury. Walb, the first witness of the | morning, Avas questioned for about j forty minutes and was followed by Qberleas. Then came Dye and then Williams, the last one before the probe body during the morning. He was to reappear this afternoon. Attorney General Arthur L. Gilj liani, a special prosecutor in the i probe, was in the jury room for a time during the morning, and exj pressed the belief that the inquiry | would not be concluded before the i end of this week and perhaps Avould ! carry over into next week. Prosecutor William 11. Remy said he had clews to the persons who wrote threatening letters to Mrs. Martha Dickinson of Seymour, confidante of D. C. Stephenson. Mrs. Martha Dickinson made her first appearance before the grand jury late Tuesday. She has been in numerous conferences with Remy j since her reappearance after being missing for two weeks while she was sought as a witness. Remy indicated she had turned over to the investigators a number of documents which would have an important part in the probe. During the early part of the Tuesday afternoon session the jurors looked into various real estate deals made by the city during Mayor Shank's administration. Witnesses were: Ben 11. Thompson, president of the city council under Mayor Shank; Elmer Williams, clerk of the board of works under Shank and now in the health department and Mrs. Charles B. Spann, 317 Fall Creek Blvd. Mrs. Spann's residence is at the south approach to the Delaware St., bridge where an effort is being made to ereot a filling station and to which she is objecting. After she left the grand jury room she said the “men In there thought it was outrageous.” BUSINESS SOUND, SURVEY SIIOWS ! {in Time* Sin rinl NEW YORK. Dec. 1. Encouraging soundness is indicated by the monthly credit and business survey conducted by the Research Department of the National Association of Credit .Men, J. 11. Tregoe, executive manager, of the association said today in making the survey public. The survey indicates that production and distribution are progressing at a healthy pace and that there is no marked unemployment to speak of. With fair crops, mines producing well and building holding up fairly well, the Department of Research reports that basically business is as sound as six months ago. With the Christmas holidays approaching, the department points to the steady purchasing power of t lie public as an encouraging sign for tlie near future.

HER COMPANY DECISION ASSAILED Time* U'" '■ in "ton Bureau. I I ‘ ‘ \ c,- York 4<l line WASHINGTON, Dee. I.—Tile Indianapolis Water Company decision of the United States Supreme Court is scathingly attacked in the current issue of Labor, national organ of the railroad brotherhoods. Principles laid down in tiie decision, besides taxing Indianapolis water consumers $700,006 a year, would, if applied to railroads, enormously increase tiie railroad rate burden on the people, Labor declares, and adds; “The corporation has invested about $9,000,000 in its plant. The Supreme Court decision means the water consumers of Indianapolis must pay the water company 7 per cent annually on $10,800,000 more than was actually invested: Justice Buler, who wrote the decision, was formerly an attorney for railroads in valuation proceedings and wrote briefs setting up perfectly fantastic claims of value. In this ease lie has written a decision agreeing perfectly with his antecedents."

PAGE 15

LESS ACCIDENTS, Prevention Campaign Proves Effective. Asa result of the State industrial board’s accident prevention program, 6,032 fewer accidents occurred in industry during the last fiscal year than the previous fiscal period, it was shown today in the board's annual report, Os the <13,138 workmen injured last year, 203 were killed and 731 lost limbs Chairman Dixson H. Bynum recommended that the Legislature repeal the law requiring all persons employing more than five workmen to procure an annual license, costing $3. Bynum characterized the requirement as troublesome. EMPLOYES SEE TRETTON Car Men’s Committee to Draft Betjer Service Suggestions. Committees of Indianapolis Street Railway employes today were preparing to consider recommendations fmimprovement of service and eventually for a higher wage scale, to be presented to company officials. Committees elected at all car barns Tuesday conferred with Superintend ent Games I'. Tretton, but did not present a wage increase demand. Instead, they agreed to recommend improvements in service first, serving notice they wished to discuss increase in compensation later.

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