Indianapolis Times, Volume 38, Number 210, Indianapolis, Marion County, 8 December 1926 — Page 15

DEC. 8, 1926

PORKERS AND CALVES CONTINUE DECLINE

TECHNICALITIES ■ BIG REACTION IN LATE DEALS Setback Fellows Six Days of Rising Prices in East.

Average Stock Prices

\voragfl of twenty industrials for Tuesday war 158.86, off .44. Averape of twenty rails. 117.73. up .23. Average of forty bondsh 05.09, up .01. Bu United Pres* NEW YORK, Dec. B.—The Wall Street Journal’s financial Review today says: Reactionary tendencies which developed in Tuesday’s late trading vvere undoubtedly due to technical conditions in the market. Coming after six days of rising prices this setback was sufficinetly extensive to attract fresh buying and the market is a whole displayed an improved tone in early dealings. Steel, General Motors, Allied Chemical, and other industrial leaders scored fractional gains, while New York Central and other dividend rails were in better demand. Continental Banking A displayed acute queakness, breaking 2% to 59. This drop was accompanied by reports tyiat the $8 dividend rate on the issue was in danger.

Banks and Exchanges

—Dec. 8 INDIANAPOLIS CLEARINGS Local bank clearings for Tuesday were 53.942.000; debits. $7,370,000. NEW YORK STATEMENT NEW YORK. Dec. R.—Clearings. $833.000.000: balances. $101,000,000. FOREIGN EXCHANGE NEW YORK. Dec. B.—Foreign exchange opened irregular. Demand sterling. $4,84 9-16. up .00 1-16; francs. 3.91 c, up .07 *i: lira. 4.30 He. up .03 Vi: Bclga. 13.89 c; marks, 23.77 c.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Dec. B.—ln the last few days I find the market in much better control of its nerve centers. When a wave of selling occurs, instead of following blindly, the seasonal traders aslc why, and the answer must bo plausible to secure assistance. The market will take a Government estimate of 18.706.000 this morn.ng serenely. Think for a moment how great a measure of progress that means.

Produce Markets

Butte, (wholesale pricesl Creamery best grade a pound. 52 0 57c. Butterfat—Local dealers pay 52® 55c. Cheese ( wholesale selling prices)—Wls •oiisin Daisies 24® 26c - Longhorns 24 m' 7c: Limburger 27c. Kgßß—strictly fresh delivered at Indian apolis. 45 ® 47c. Poultry Fowls. 19®21c: Leghorns 13® 14c: ducks. 15® 18c. CLEVELAND. Dec. B—Butter—Extra. 57®68c in tubs: extra firsts. 53c: firsts 18 Vic. Eggs—s7c: heavy firsts, 52c: firsts. 50c: ordinary, 30c: pullets. 32c. Poultry—Heavy fowls and springers, mostly 24®25e: few 26c: medium stock, 21 ® 23c: Leghorns. 16@19c: cocks 16® 17c: ducks. 25®26c: medium. 22®24c: geese, 21® 24c. Potatoes —150-pound sacks, round whites. Ma4e. $4.50®5; Michigan Petoskeys, $4.25: Michigan, plain. $4.1004.15: Minnesota and Wisconsin. $3.85® 4: Ohios .bushel sacks, $1.35® 1.65: 120-pound sacks Colorado Brown Beauties and Idaho russets, $4.15 @4.25.

Indianapolis Stocks

—Dec. 8— t —Stocks—Am Central Life 325 Amer Creosotinsc Cos pfd... 100% ... Ad Rumeiy Cos com 10% 12 Ad Rumeiy Cos pfd 35% 36% Belt R R com 66 % 70 Belt B B ptd 57 62 Cejit md Powpr Cos pfd ... 87 92 Century Bide Cos nfd 100 ... Cities Serv Cos com 49 >4 .• • Cities Service Cos pfd 92 % Citizens Gas Cos com 50 % 51 Citizens Gas Cos pfd 105% ... Commonwealth Loan Cos pfd 97 ... Equitable Securities Cos com 51 ... Hook Drug Cos com 29 ... Indiana Hotel com 112 ... Indiana Hotel pfd 101 ... Indianapolis Gas 68 61 lndpls & Northwestern pfd. 48 ... Indianapolis St Ry 38% 41 Interstate Pub Ser pr lien pf 97% 99% Sfercha.its Pub Util (Jo pfd. 99 Progress Laundry com .... 21% ... Pub Sav Ins Cos ....14 ... Ranh Fertilizer pfd 48 ... Real Silk Hosiery pfd 96 100 Standard Oil Cos Ind 05% ... Sterling Fire Ins Cos 15% ... T H I & E com 1 5 T H I & E pfd 23 24% T H I & L Cos pfd 89 Union Trac of Ind com 1 Union Trac of Ind Ist nfd.. .. 10 Union Trac of Ind 2d Dfd.. .. 2 Union Title Cos com 88 Van Camp Pack Cos nfd. ... 16 ... Van Camn Prod Ist nfd.... 91% 96 Van Camn Prod 2o Did.... ■ 95 Wabash Ry Cos com 38% ... Wabash Ry Cos pfd 73% ... * —Bank Storks— Aetna Trust and Say C 0.... 114 bankers Trust Go 130 Bity Trust Cos . .......... 1 40 .... ontinental National 115 ... Farmers Trust Cos 238 ... Fidelity Trust Cos 159 ... Fletcher American 169% ... Fletchei Sav m I’rust Cos 250 Indiana National Bank ...267% 272 Indiana Trust Cos 229 249 Livestock Ex Bank 161 171 Marion County state Bank. 175 ... Merchants Nat Bank 320 ... Peoples Hate Bank ...246 Security Trust 260 ... State Savings and Trust 9o Union Trust Company ....402 428 Wash Bank and Trust Cos. . .157 —Ronds— Belt R R and Stockyards 4s 90 ... Broad Ripple 5s 79 82% Central Indiana Gas 65.... 98 ... Cent Ind Power Cos 6s 99 ... Cent Ind Power Cos 7s 99 Citizens Gas Cos fs 100% 101% Citizens St R R 5s 84 85 Home T and T of Ft W 6s. .103 104 Indiana Coke and Gas 6s ...102% ... Indiana Hotel 5s 98 ... Indiana Northern 5s 2 ... Ind Ry and Lt 5s 95 ... Ind Service Corn 5s 92 % ... Ind Union Trac 5s 4 ... lndpls Col & So 6s 98 101 lndpls Gas Cos 5s 09 100 lndpls Lt and Ht 5s 101% lndpls & Martinsville 5s ... 64 ... Indianapolis Northern 65... 24 25 lndpls & Northwestern 55.. 64% 69% lndpls & S E 5s ' 2 8 lndpls Shelby & 8 E6s .. . 2 lndpls St Ry 4s 64 65 lndpls Trac & Term 5s ... 94 96 ndple Union Ry Bs 101 ... lndpls Water Wks Sec C 0... 97 ... lndpls Water 5%s 103% ... lndpls Water 4%s 94 94% Interstate Public Service 6s. 102 ... Interstate Pub S Bs 6%5..104% ... T H I & E 5s 75 T H T and Lt 5s 93 Union Trac of Ind 6s 20% 22% —Liberty Ronds—--Ist 3%s 100.40 100.50 Ist 4%s J 102.50 102.60 2d 4%s 100.70 100.80 3d 4% s 101.10 101.16 4th 4% s 12.90 103.25 US Tr 4%s 109.60 109.70 U S Tr 4s 105.50 -05.60 US Tp 4%s 102.40 102.50 —.Sates—--3 Shares Standard Oil Cos Ind 65 PHONE MERGER GRANTED Petition for consideration of the Osgood and the Batesville telephone companies has been granted by the Indiana public service commission.

New York Stocks “■’“’~ (lly Thomson & McKinnon 1 )

_ Dec. 8— Railroads— Prev. . , . High. Low. 1:00. close. Atchison ..157% 156% 156 156% AtlCstL.,2o3 201V* 202 Vi 203 C& O ... 105% ... 105% 105% gait ad Pac 164% ... 164 % 16 t% C& O ... 160V* 159% 160 161% C & NW . . 78 77 77 77 CR 1 &P. 68% ... 68 68% De & Hud 171 ... 170 171% Del & Lack 144 Vi Eno 40 ... 4040 Erie Ist pfd 48% ... 48% 48% Gt North pf 81% 81 Vs 81% 81 Vs Lehigh Val 97 ... 97 97 K C Soulhn 42 ... 42 ... L & Ni. 31 M K & T 34% Mo Pac pfd 89V4 89 89 Vs NY Cent.. 134 133% 133% 133% NY NH &H 42 % 42 % 42 % 43 % North Pac. 79 % ... 79% 78% Nor & Wn 157% ... 157% 157 Pere Marq. .. ... ... 113 Pennsy ... 56% 56 56% 56% Reading . . . !)0 ... 90 89% S Railway 117 ... 116% 117% So Pacific 106% ... 106% 106% St Paul ... 8 % ... 8 % 8 % St Paul pfd 18% ... 18% 18% St L & SW 62 St L& S F 103 ... 101% 103 Union Pac. .. ... ... 161% Wabash ...39% ... 39% ;i< Wabash pfd 74% ... 74 Vi 74% Rubbers— Ajax 7% ... 7% 7% Fisk 17 16% 10% 16 Vi Goodrich .41% ... 41% 41% Goodyear pf . . ... ... 98 Kelly Spgfld 9% ... 9% 9% U S Rubber 58 •/ 58 % 68 % 58 % Equipments— A C and F 105% 104 104 104% Amer Lbeo 113 111% 113 113% Am Stl Fdy 45 44% 44% 44% Bald Loco 156% 153 154 155% Gen Elec . . 88 % ... 85 % 85 % Lima .... 64% ... 63 Vi 04 N Y Airbk. 44 Vi ... 44% 44% Pr Stl Car 43% Pullman ..190% 187 Vi 188 188 Westh A B 143 ... 140% 143% Westh Elec 68% ... 68% 68% Steels— I Bethlehem. 46% 46% 46% 46% Colo Fuel .47 ... 46% 46% Crucible ..79 77 78 78% Gulf St Stl 55% ... 55% 56 P R C & I. 43 ... 41% 42% Rep Steel.. 66 ... 50 56 Sloss Shelf. . . ... ... 135 U 9 Steel .150 Vi 148% 140 Vi 149% Alloy ... ... 29 Vanadium ... ... ... 40 Motors— Am Bosch.. .. ... ... 17% Chandler .. 24% 23% 24% 24 Chrysler . . 37 % 37 37 % 37 % Cont Motor 11% 11% 11% 11% -Dodge 25% 25% 25% 25 Gabriel ... 31 % 31 31 % 31 % Gen Motor 146% 144% 145 - 146 Hudson ... 49% 48 48% 48 Hupp 21 20% 21 21 Jordan ... 26 22 24 21% Mack 100 Vi 98% 99 99 Moon 14 12 13% 12 Nash 58% 58 58% 58 Packard .. 35 ... 34% 35 Pierce Arw. 24% ... 23% 23% Studebakor. 50% 55% 55% 55% Stew Warn. 66% 66 06% 66% Timken ... 81% 80 81 79% Willys Over 22% 21 Vi 22 Vi 21% White Mot. 57% 57 57 Vi 56% Mining— Am Smcltg 137% ... 135% 135% Anaconda . 47% 47% 47% 47% Cer De Pag. . . ... ... 63% Inspiration. 26% ... 26% 26% Int Nickel. 38 Vi ... 38 % 38 % Kcnnecott. . 63 01 % 61% 62 Tex G & 3 49 % ... 49 % 49 % U S Smeltg 35 ... 35 34 vi oils— A than Rcfg 110 109 109% 108% Calif Pete.. 31% 31 31% 31% Freept Tex 34 % ... 33 % 34 % Houston .. 69% ... 58 V 68% Ind 0i1... 30% .29% 30 29% Marlaml O 54 Vs 64% 54% 55 Mid-C Pet 31% i’-Am Pet. 63 ... 63 63 P-A P (B) 63% 62% 63 62% Pacific Oil. 1% 1% 1% 1% Phillips Pc-t 55% ... 54% 55% Union Oil.. 53% ... 52% 53% Pure Oil.. 27 ... 26% 27 Royal Dut 49% ... 49% 49% Shell 30% 30% 30% 30% Sinclair ..19% 19 19 18% Skelly ... 34% ... 33% 30% S Oil of C 58% ... 57% 58% SOof N J 38% ... 37% 38% Tex Com.. 67% 66% 67 56% Trans Pet. 3 % ... 3 % 3 % Industrials— Ad Rumcly 12% 11 12% 11% Allis Clial ... 89% Allied Cli. 140 139 139 139% Arm (A). 15% ... 15% 15% Amer Can. 62 % ... 61 % 52 Vs A H&L pfd 49% ... 49% 50 Am S Ra ... ... ... 00% Am Wool. 35% ... 34% 35 % Ccco Cola 170% 168 169 168% Cont Can. 74% ... 74% 74% Certainteed ... ... ... 43% Dav Chem. 26 % ... 26 26 % Dupont .. 108% ... 106 166 Fam Play 119% ... 118 119 G Asphalt. 84% .... 84% 84 In Comb E 41% ... 43% 44 In Paper ... ... 57% Tn Harv. 152% 149% 150 151% May D St 139 138 V* 139 137% Mont Wd. 67% ... 66% 67 % Owen Hot.. 84% 84% 84% 84 Radio 59 ... 58 % 59 Rem Type 117% 114% 116% 114 Heal Silk. .43 ... 42 % 42 % Sears-Hoc.. 54% ... 54% 54% United Dg 166% ... 166% 166 US C I P 228% 226% 226% 225 U S In Al. 84% 83% 83% 83% Woolworth 194% 18g_% 189 191% Utilities— Am TANARUS& T 140% ... 149% 149 Vi A Express ... ... ... 129 Am W Wk 61% Brldyn M ... 71% ceil G& El 89% ... 89% 89% Cons Gas 109% ... 109% 109% Tnterboro. ... ... ... 48 No Am Cos. 48 ... 17% 48 Peoples G 127% 127 127% 125% Phiia. Cos. .. . ... ... 82 S Gas &El 55%. ... 55% 55%) Wes Union 146 ... 145% 146 Shipping— Am In Cor 39 ... 39 39 Am S& C. 6 ... 6 6 Atlantic G .. . ... ... 38 I M M pfd 38% United Frt 120% ... 120% 121 Foods— Am Sugar. 83% ... 82% 83 Am Bt Sug 26 ... 26 26 Austin N.. 9% 9% 0% 9% Beech N P f 59 % Calif I’kg 68 Corn Prod 50% ... />(•% 50% Cuba C pfd 48% ... 48 4 47% Cuba A Sug 27% 27% 27% 27 Fleischman. 48% ... 48% 48% Jewel Tea ... ... ... 48 % N Biscuit ... ... , 97 % Punta Ale. 40 45% 4040 Postum 09% . . 99% 99% W Big (B) 33% 33% 33% 34 Tobaeeos— Am Sums. 41% ••• ,41 ,41% Am job.. 120% ... 120% 1~1 % Am T (B) 119% ... 119% 120

Out Our Way

BTO {good X GrOS\-\t "THERE. ' \ /•"' iasbt 1 Vou GO AGin! \ ft* !gle his -fme a s>welL / Boss? woo \ fWS E lM.‘? A HUN-rW TRIP WITH ERMA, / ML BS MO! no riddle') MOU AlonGt' wruT V V AST va ? Ij> > F A RABBIT “SHOO _/K. Jump vjP mow? j f\t\ JSli \|fjj CAREFUL HOW VA * / . / | JJJ '•- HEROES ARE MADE.- MOTT BORM. Jiff.VMi LLi I ■ - *l' C 1926 BY WEA SERVICE. INC. ~

Cons Cig.. 86% ... 80 86% Gen Cigar* ... ... ... o 5 % Liggett ... ... 99 % Lorillard ... ... 31 R J Rev. 120 ... 120 110% Tob P (111 110% ... 110% 110% U Cig Stor 101% 09% 100% 99% Schulte It S .. ... ... 49 % WHEAT AND CORN FRACTIONLOWER Oats St::^y—Boats With Grain May Be Freed From Ice. Bu t'nited Pres* CHICAGO, Dec. 8. —Sentiment was mixed on the opening of the Chicago Board of Trade today. Wheat was Vac lower on all deliveries. Liverpool was stronger, but sentient was generally of a bearish tone on word that the icelocked grain fleet was likely to be freed. \ Corn opened A4c to *4c lower In the face of a bullish tone. Bulls have been increasing their lines for 4he past week, and weather continues bad over the -corn belt, delaying movement of the new crop. Oats was unchanged to %c higher, still lacking good market conditions. Provisions opened unchanged. Chicago Grain Table —Dec. 8— WHEAT— PrevHigh. Low. 11:00. close. Dec 1.40% 1.40% 1.40% 140% May 1.41% 1.40% 1.40% 1.40% July 1.32% 132% 1.32% 1.32% CORN— Dec 75 .74% .75 .75% May 83% 83% .83% .83 % July 86% .86 .86% .86% Doc. ATS 77. .43% .43% .43 % .43% May 48% .48 .48% .48 July 47% .47% .47% .47% RYE— Dm- 91 % .91 % .91 % .91 May 97% .97% .97% .97% July 07% -97 .07% LARD— Jan 1245 12.37 12.40 12 37 March 12.30 May 12.37 12.30 12.37 12 30 - RIBS — 13 "5 May .... 13 30 MOYNAHAN FIRM IS INCORPORATED To Take Over Spink Properties —$1,225,000 Capital. Incorporation papers for the Moynahan Properties Company were filed today with the Secretary of Tuesday the purchase of eighteen apartments, four stores and a motion picture theater from the E. G. Spink & Cos. at a cost of more than $2,500,0000. Incorporators are: Thomas A. Moynahan, Frank C. Bopp and Lewis P. Robinson. With George C. Forry Jr. they compose the board of directors of the company. Capitalization was placed at $1 ,- 225,000, with 4,200 shares of SIOO par value common stock and 8,250 shares of 6% per cent cumulative preferred. Articles were filed for the Underwriters Foundation Corporation, composed of several State insurance men. Including W. E. Call, Charles Boicourt and W. W. Dark of Indianapolis. Employes of the Polk Sanitary Milk Coompany filed papers of their new credit union, organized with a capitalization of SIO,OOO. Chicago Indianapolis Motor Stages filed incorporation, the incorporators being R. H. Schultz, Lazarus Krinsley and R. V. Jones, all of Chicago. They will have a capitalization of $90,000, will operate bus lines with offices at Gary, Ind. | Local Wagon Wheat Local grain elevators are paying $1.30 for No 2 red wheat Other gradee ar< nnrebaped on their merit.

THE INDIANAPOLIS TIMES

Hogs 25 and Vealers 50 Cents Lower Than Tuesday. —Hog Price Range—1. 42.35 12 35 6 000 2. 12 2ft 12.25 6.000 3. 12 15 12.25 5.500 4. 12.25 12.25 3.600 6. 12.40 12.40 3.000 7. 12.25 12.25 8.500 Dec. Bulk. Tod. Receipts. 8. 12.00 12.00 8.000 The price of hdgs at the Indianapolis Livestock Exchange continued to drop today. The market was generally 23 cents lower today than Tuesday. A run of 8,000 porkers was the estimated receipts. A slightly smaller reduction in prices at the main competitive market, which had a large holdover from Tuesday’s run, was a contributing foctor in today's lower price here. Three hundred and twenty hogs were held over at the local stock yards. Top price was sl2, as was the bulk. Packing sows were 25 cents lower, going at [email protected]. Smooth light sows brought $11.50. Hog Price Range Hogs weighing 120-300 pounds sold at sl2. Heavier porkers were still indefinite, being quoted at $11.50@ 12. This was from 25 to 75 cents below Tuesday's quotation. Cattle receipts estimated 1,400. The market was generally steady. Prices included: beef steers, sß@ 11.75; bulk stock and feetler steers, [email protected]; beef cows, ss@7; and low cutters and cutter cows, $3.50@ 4.75. * Calves Down The calf market was largely 50 cents lower. Estimates placed the run at 900. The bulk sold at sl3. Best vealers went at $13.50. Receipts of sheep and lambs, 1,100, was slightly larger than on the preceding day. The market for fat lambs was weak to lower. Most natives sold at sl2, a few at $12.25. For some yearlings, $9.10 was paid. Bulk cull lambs continued to go for [email protected]; ewes, $7 down and bucks, s3@s. —Hon— Reeeir/tg. 7,000: market lower. 120-130 lbs $12.00 300 lb. up $11.50® 12 00 —Cattle— Receipts. 1.400; market sieadv to lower. Beef steers $8.04)@11.75 Bulk stocker and feeder steers 6.50® 7.75 eef cows 5.00® 7 00 Low cutters and cutter cows 8.60® 4.75 —Calves— Receipts, 900: market lower. Best vealers sl2 504113.50 Heavy Calves 6.50® 8.60 Sheet*- ... Receipts. 1.100: market steady. Top fat lambs ~.,.512.25 Bulk fat lambs 11.00@12 00 Bulk cull lambs 6 50® 8.50 Ewes 7.00 down Bucks 3.00® 5.00 Other Livestock CHICAGO. Doc. B—Cattle—Receipts. 1 t 000: fed viarlmgs steady to strong; weighty steers in liberal supply: steer trade weak to 15c lower; early top yearlings $13.50: mine fit-id above $13.75: Stockers ami fts-ders scarce, strong: other classes mostly steady: It is largely asst er run. with weighty kinds predominating; numerous loads of 1.400-1.600-pouml averagt-s sold at [email protected]: bulk vealers. 510.50W11. Sheen—Receipts. 17.000; market slow, opening sales weak to 25c lower: fat lamb quality improvtd ovnr Tuesday: quality considered: few sales good to choice fat lambs. $12.75® 13.10: sticep dull: odd bunches fat ewes up to $6.50: feed'-rs steady: early salt* of comeback lambs. $11.60® 1.75: best westerns. $12.60. Hogs—Receipts 18.000: market slow, generally 15@2ne lower; top $11.80: bulk $11.404111.05: heavyweights. sll 404(11.80: medium-weights. sll 35 lit 11.75: lightweights. $11.25® 11.70: light lights $11,254/11.70: packing sows. $10,264(11.10; slaughter pigß, sll 254>i i 1.75. CINCINNATI. Dee. B—Hogs—Receipt. 6 200: holdovers 684: market around 15 4/25c lower: 250-350 it/s . $1 50 4 t 12.20: 200-250 lbs . sl2 @l2 20' 160-200 lb* . $12.10® 12.20: 130-160 lbs., $12.10® 12.20: 90-130 lbs.. $104? 12.‘20: packing sows. $9.76® 10.75. Cattle—Receipts 625: calves. 400: market steady: beef steers. $6,504/9.25: light yearling steers and heifers. s6® 10.50: bes cow-s. $4.50 4/6.50: low cutter and cutter cows, $3.5(1 4-4.25: vealers. $9,504/13: heavy ealvrie $5 4t9; bulk stocks and feeder steers. $6 4(7. Sheep—Receipts. 600: market st-ady; top fat lambs. sl3: bulk fat lambs. $9 4(13: bulk cull lambs. s4@6: bulk fat ewes. $3 4(5.50. EAST ST LOUIS. Dec. B.—Hogs Receipts. 11.000: market slow. 10®. 20c lower: 250-350 lbs.. $1,504/11.80:1:00250 It’S.. $1.70® 11.90: 160-200 lbs.. [email protected]: 130-160 lb*.. $11.65612; 90-130 lbs.. $1.50® 11.90; pas-king sows, $10.2/5® 11. Cattle—Receipts. 4.000: market, steers steady to strong: beef steers. $8,254/9.60: light yearling steers and heifers, $64(8.50: beef cows. 54.75 K 5.50; low cutter and cutter cows. $3 35® 4.50: vealers. $12.50: heavy calves. s6® 8: bulk stock and feeder steers. $6 4/) 7. Sheep—Receipts. 1.000: market steady: top fat lambs. sl3; bulk fat lambs. [email protected]: bulk cull lambs. $8.50: bulk fat ewes $54(6. FALLS ON ICE Ora Frazier, 43, of La Porte, is la city hospital suffering from injuries received when he slipped on the ice and fell, cutting his face and head.

-By Williams

Commission Row

PRICES TO RETAILERS FRUITS Apples—Fancy Grimes Golden bbl $5; Indiana Jonathans, bbl.. $5.50; Delicious. 40-Ib.. *2: Pippin. 40-lb. basket. $1.35. Uasabas—Per crate $3.5u Cider—s 4 50. 6-gal case. Cranberries—Early blacks, halt barrel, $4,25 4(4.50: Centennials, boxi $4.50 Jerseys Howes. % bbl.. $5. Coconuts—Fancy Jamaicas sack of 100 #5.50. Datea—Minaret. 36 pack, to box $4.50; Dromedary. 36 pack to box $6.70: bulk dates. 11c lb. Figs—l 2 pack, to box, $1.15: 60 pack to box. No 6 $3: 24 pack, to box. fancy. $3: 12 pack to box. black. $1.75: imported layer. 10-lb. box $1.904*2.10 Grenee —Emperor $2 @2.60 per lug: fancy kegt. crate. $4,50 4/ 5. Grapefruit—Extra fancy. $4.25: Florida $3.7*). Honey—24-cake crate. $4 50 06. Kumquats—Florida 20® 25c ut Lemons —California. $4.25 @4.75. Limes—Florida 100 $2.60. Nuts—lndiana chestnuts lb., 16®23c: shellbark hickorynuts lb.. 2® 3c: black walnuts, 3@3%c lb.: English walnuts. 30 ®3Bc lb Oranges Florida $3 @4.50: Califor nia navels. $5 4(6.50. Pears—Oregon Bose. $5.50 box: Oregon D Aiuous $5 box. Persimmons $1 4(1.25. Tangerine—Florida. $2.75@3 Dor % box. VEGETABLES Artichokes—Califoniia. $101.25 dozen Brussels Sprouts—Fancy Caiilornia 20c ib. Cabbage—Holland seed 2%c lb.: red cabbage, 5c lb. Cauliflower—Crate $2 @2.25 Celery—Michigan, squares or flats $1.50 @1.65: Michigan rough. $3.25 Michigan jumbo. $1®1.15 dozen: Cali fornia. $5.75. Celerv Cabbage—Box. $1.50. Cucumbers—Florida. $1 50 dozen Eggilant—Florida. $2.50 per doz. Garlic—New. 12’ . c lb. Kale—Kentucky, sack $1 £0: H G. 75c Der bu Lettuce—Western Iceberg, crt.. $5. Mangoes—Florida peppers. $6 crate Mushrooms—Pennsylvania. $1.75 for 3Ib. basket. Onions—H. G. yellow. 100 lbs.. s2' Utah Valencias. 105-lb. bag. $2.50: Spanish. crt.. $1.75® 1.85. Oyster Plaijt—H G. 45c dozen. Parsley—H. G. 50c ncr bunch. Peas —California. $7.50 per crate. Potatoes —Michigan round white sack $4.35: Minnesota early Ohios. 120-lb bag $4.25: Russets. $3.75. Radishes—Southern long reds 25c: hothouse buttons. $1.25. Root Vegetables Turnips, bu.. $1: parsnips, bu.. $1.50: carrots nu $1.50' Canadian rutabagas $2 cwt.: H. G.beets. bu.. $1.50. Shallots—Louisiana. 75c dozen Spinach—ll G. bu.. $1.25. 9uuash—H G. Hubbard obi.. $2.60. Sweet Potatoes—lndiana Jersey, bu. $2 50. Tomatoes— Six-baskpt ort 86 HOLIDAY DECORATIONS Cedar Roping—Fancy evergreen. 20yard roll. $1.50. Christmas Tree*—Vermont spruce, sin gles. $3 4/6: 2s. per bundle. $2.50: 3s. per bundle. $2.50: 4s. per bundle. $2.7.> ss, t;er bundle $2.75: 6s oer bundle "Christmas Tree Holders—Green stained wooden cross pieces 25 pairs to bundle $2: permanent metal holders. $9 per doz Hollv—Fancv Delaware. $6 per ease. Holly Wreaths—Fancy 10-in. $2 per do*- _ I.at-rel Roping—Fancy green. CO-yard roll. $1.75

INDUSTRIALS DROP AND RAILS CO UP; OTHERWISE QUIET Mart Generally Unchanged in Closing Bargains on ‘Street/ By E. Walter Mockler NEW YORK, Dec. 8. —There was little real change In the general market Tuesday, rails moving slightly higher while industrials were off. Most of the Pressure against the industrials developed in the final hour of trading. Sohuite moved up fractionally, hut United Cigar Stores rose more than two points, following publication of the details of the agreement reached between the two big companies which predominate in distribution of cigars and tobacco'products. Under the terms of this agreement Schulte and the United will cooperate through a third corporation in the production and distribution of tobacco products. Hundred Million Assets The assets of the two companies affected exceed $100,000,000. Formation of the new company, the Union and United Tobacco Corporation, has already been announced. This will purchase half of the stock of the Schulte corporation and a large percentage of the stock of United Cigars. Schulte operates 300 stores while the United operates about ten times as many. Schulte’s assets are about $85,000,000 with United reporting a trifle more than twice that amount. For many years various projects had been advanced, looking toward the merging of these two big companies. Three years ago the deal was considered as virtually signed, sealed and delivered, but fell through at the very last minute. Whelan Predominant

It is understood that the Whelan interests will predominate In the Union and United, George J. Whelan selecting a business associate to head the company with his brother. Charles Whelan as vice president. David R. Schulte, head of the Schulte chain, will be vice president of Union and United. Banking history was made Tuesday when the National City Bank announced an increase of 50 per cent in its capitalization, this bringing the bank to the front among the banks of the world. Capitalization will be $140,000,000 when this new stock has been sold. This will consist of $75,000,000 capital, $50,000,000 surplus and $15,000,000 undivided surplus. Copper stocks held fairly well In Tuesday’s market, especially considering the sad state of the red metal market. Prices were around the lowest levels touched this year, however. The coppers have not had a great following for some time and the market in general Is stagnant. Most of the leaders of the market have established trading areas consistent with known conditions In the Industry and a little thing like a weak metal market Is no new experience at all.

In the Sugar Market

(By Thomson A McKinnon) NEW YORK. Dec. B.—l cannot recall a time since the advance in raw suear prices got definitely under way that refiners were any more willing to bid up price* in meeting their new requirements than were producing interests to sell except on a rising market. So the current news that refiners are showing limited’ interest with raws at 3%c should cause no concern.. Everybody naturally is trying to make a (profit. The selling in futures largely represents the same condition, and as quotations work higher I think there will he ant increasing amount of this profit-taking. .The reactions afford an opportunity for new buying.

RETAIN PRESENT TAXES-COOLIDGE (Continued From Page 1) and one-half billion dollars, a surplus can he no embarassment. “Interest is the largest single item of Government expenditure. We have had since the close of the war an established program or debt reduction. This should not be disturbed. “Should Congress be of the opinion that the surplus estimated for the current fiscal year is too large, then I suggest a temporary tax reduction measure which will cut down the ex pected surplus by leaving the excess In the pockets of American tax payers.” The President then recommended that Congress reduce taxes for the first six months of the calendar year, 1927, but added, “the amount of this relief should depend upon the surplus which Congress may desire to divert from debt reduction to tax reduction.” Budget Terms In taking up the appropriation needs for next year, Mr. Coolidge said the principal increases are contained in the request for $41,000,000 for pensions; $25,000,000 for construction of public buildings and vessels; $41,000,000 for vocational rehabilitation, insurance and compensation under the veterans bureau, and $50,000,000 for public debt retirement. The largest cuts were In the shipping board, Navy, State and Labor Department budgets. For national defense, the President asked Congress to appropriate $680,537,642. This estimate provides for a military and naval strength of more than 610,000 men. Including the national guard and reserve military units. “This is a very considerable amount to spend for protection In time of peace,” he said. “No threatening cloud at the present time darkens the sky. Our intent and attitude is one of peace and friendly regard toward all nations and people. This, however, is not sufficient to warrant neglect of our defense arid default on necessary precautions. “This country is now engaged in negotiations to broaden our existing treaties with the great powers, which deal with the elimination of competition In naval armaments.” I/ess for Navy The President asked an appropriation of $366,722,142 for the War Department, an Increase of about $12,000,000 over last year. For the Navy $313,51 5,500 was requested, a decrease of nearly $12,000,000. To promote aviation for national defense and commerce, an appropriation of $82,500,000 was asked. Os this amount $73,477,350 will go for Army and Navy aviation, embracing $20,600,000 for new planes and $2,400,000 for construction of aviation barracks. Under the five-year air program approved by Congress last July, one new rigid airship of 6,000,000 cubic feet should be under construction before July 1, 1928, but the President recommended that this work be delayed until tests are made on the $300,000 all-metal airship authorized by Congress last session. “The proper development of the aeronautical Industry In this country Is essential both to our national defense and commercial aviation,” ho said in asking for sums rainging from $50,000 to $2,500,000 for the postal air mall service, operation of the coast guard seaplane fleet, forestry patrol planes and weather observation planes. The aviation estimates also carried $796,250 for the Commerce Department for promoting and regulating aviation and $3,219,500 “for the establishment and maintenance of aids to air aviation.” Shipping Board Request President Coolidge also asked for $12,000,000 for the operating deficit of the shipping board; $5,853,000 for animal tuberculosis eradication; $22,037,884 for forestry conservation work; $765,000,000 for cooperative construction of rural post roads; $30,000,000 for prohibition enforcement; $66,347,000 for Improvement and maintenance of existing river and harbor projects, and $705,000,000 for veterans relief. In asking for the shipping board fund, Mr. Coolidge said, “the time is approaching, if it has not already been reached, when the Congress should give consideration to the formulation of a more definite policy regarding our merchant marine." Congress was also called upon by the Chief Executive to enact legislation at this session to settle the alien property controversy.

Asks $30,000,000 for Dry Law By United Press WASHINGTON, Dec. B. “Whatever funds may tie necessary to vindicate the prohibition law and secure compliance with, all its provisions should be provided,” President Coolidge told Congress today in asking for $30,000,000 for dry law work during the fiscal year 1928. “The coast guard has been enlarged and strengthened to enable it to, prosecute effectively its part of the campaign of enforcement, while the other enforcement agencies have been amply financed,” he said, “Whatever Is necessary to put Into effect the expressed will of the people as written into the Eighteenth amendment of the Constitution of the United States and the will of the Congress as expressed in the Volstead act will be done. “The constitutional duties of the President and the Congress make any other course Indefensible.”

Shifts Maternity Act to States

Bu United Press WASHINGTON, Dec. B. President Coolidge today, In his budget message to Congress, urged withdrawal of Federal aid in maternity and infancy work. “I am in favor of proposed legislation extending the period of this law —the maternity and infancy act approved Nov. 23, 1921—with the understanding and hope that the administration of the funds to be provided would be with a view to the gradual withdrawal of the Federal Government from this field, leaving to the States, who have been paid by Federal funds and schooled by Federal supervision, the privilege and duty of maintaining this important work without aid or interference from the Federal Government,” President Coolidge said. The President said he submitted no estimate for the Government to carry on this work, as he believed “States should now be in a position to walk alone along this highway of helpful endeavor.”

SMITH EXPECTED TO TARE SENATE SEAT OFJVTKINLEY Illinois Governor Probably Will Appoint Victor in Election. Bu United Pres * WASHINGTON, Dec. 8. Politicians here have been informed that Governor Len Small of Illinois probably will appoint Senator-elect Frank L. Smith, Republican, to the Senate seat made vacant by the death of Senator William B. McKinley. Appointment of Smith would hasten the fight promised by Senators here against permitting him to sit in the Senate, in view of disclosures of the Reed investigating committee concerning his expenditures In the April Illinois primary. Smith was elected Nov. 2 to succeed McKinley, but the new term does not begin until March 4. It has been the custom in such cases for the Governor to appoint the man elected for the succeeding term to the vacancy. The only ground on which the Senate could act against Smith's appointment would be question of his moral right to a seat in the Senate and he cotild not be ousted unless a two-thirds majority of the Senate so directed. \ The Reed committee disclosed Smith had •received primary campaign contributions from Samuel Instill, public utilities magnate, while still chairman of the Illinois public utilities ci amission, which allocates public utilities rates. Smith’s campaign managers were shown to have received about $125,000 from Insull and also contributions from other public utility directors.

COMMISSION I BY BUSOPERAIOR Bowman Charges Body Is ‘Manifestly Unfair.’ President A. Smith Bowman of the Peoples’ Motor Coach Company, operators of city busses in Indianapolis, has added his voice to the chorus of protests raised against the Indiana public service commission. In-a letter sent to all members of the 1927 Legislature, he charges that decisions of the commission have been “manifestly unfair” and that members have used their power “j •e'erentlally.” Asa remedy he suggests right of appeal to the courts, rather than abolition of the commission. “Since the law establishing the commission provides for no right of appeal in many cases, we have been compelled to abide by these decisions, no matter how unfair we considered them to be, or how much damage and loss they caused us,” he said. “We do not believe the commission should be abolished, but we do believe that all its decisions affecting vital rights of utilities or the public should be appealable tp some court of competent jurisdiction. We think this is extremely important, not only to those utilities ivho do not ‘control’ the majority of the commission, but to the people of Indiana who have to support the utilities.”

City on Lake Faces Beef, Fuel Famines Bn United Prean SAULT STE. MARIE, Mich., Dec. B.—While rescuers of the gigantic tteet of freighters bottled in St. Mary’s River since Dec. 1, and a coming cold wave are staging an exciting race, this city Is faced with an acute beef shortage, due to the drain on Its supply by crews of the stranded ships. In addition a fuel famine exists along shipping row. Congestion below the locks here, not to speak of the seventy-four vessels still Icebound in the southbound line, is terrific. Boats are tied eight abreast to piers and extend from the locks to a point one mile down the river. More than a hundred are estimated to be In this line.

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HASKETT URGES IRE RESPECT FOR FIRE HEADS Safety Board President, at Trial, Scores ‘Loose Discipline.’ Although the monthly report of Firo Chief Jesse A. Hutsell showed a remarkable decrease in fire loss, the department was tb' subject of criticism because of “loose discipline” at board of safety meeting Tuesday. Hutsell’s report showed loss In Nocember of only $17,000 as against $35,000 in the same month last year. Suggests Salute O. D. Haskett, board president, told Ilutsell that unless a higher standard of respect for fire officials Is established at engine houses, “we’ll get some head officials at these houses that will enforce discipline.” Haskett urged saluting of higher officials of the fire department as a partial solution of the problem of discipline. McC’loskey Suspended Ills remarks came when Fireman William McCloskey, son of County Commissioner John McCleskey, pleaded guilty to drunkenness at Fire Station 13, Maryland St. and Kentucky Ave. The board suspended McCloskey for ninety days and ruled he should be transferred to another station. The board approved a recommendation of Building Commissioner Bert J. Westover that wagon lunch stands should be placed under building restrictions. DESCRIBES WILSON A T WIFE’S BIER Woman in White House Seventeen Years Turns Gossipy Writer. Bu United Press NEW YORK, Dec. B.—Elizabeth Jaffray, who for seventeen years was housekeeper at the White House, and in that capacity could look behind the scenes on Presidents, their wives and their guests, has started writing the "Secrets of the White House.” Her story, published today in Hearst’s International-Cosmopolitan Magazine, perhaps is no “whispering galleries” as far as political significance is conce ned, but it is a gossipy revelation of tea table chatter. It tells, among other things: How a daughter of William G. McAdoo nearly created a scene at her father's marriage to a daughter of President Wilson. How Woodrow Wilson paid out of his own rather shallow funds, a $250 bill for furnishings for the White House when the Government had no money to pay the bill. And the furnishings, it developed, had really been ordered by Mrs. William Howard Taft, Then it turns to a more serious vein and tolls of Woodrow Wilson keeping a lone vigil at the bier of the first Mrs. Wilson, for two nights, refusing solace or company. And later it describes the courtship of this same President Wilson and Edith Bolling Galt. The first Mrs. Wilson, according to Mrs. Jaffray, “lived in a world of her own imagin'^-i.” “One of her of escape from the real world her painting," Mrs. Jaffray expi* ned. “All her life she had done rather creditable landscapes and she had sold dozens of them to help swell the slender Income of a University professor.” U.S. FLOUTED BY MEXKACTION Nicaraguan Faction Wash-' ington Opposes Is Recognized. Bu United Press WASHINGTON. Dec. R.—Mexico’s recognition of the rebel Nicaraguan regime, opposing the government supported by the United States, has created a grave situation, in the opinion of officials here. It has widened the breach between the Mexican and United States governments and jeopardized American interests in central America, persons close to President Coolidge believe.

REPORTS CATTLE TB.CONQUERED Newspaper Says Swiss Scientist Immunize*. Bu United Press LONDON, Dec. B.—The Dally Mall’s Geneva correspondent said today that Dr. Ilenri Spahlinger, an internationally known Swiss bacteriologist, had succeeded in immunizing cattle against tuberculosis. The correspondent said that Spahlinger’s discovery was as startling to the scientific world as was Koch's announcement of forty-four years ago that he had discovered the Tuberculo Bacillus. Immunization was obtained, according to The Mail, by means of the same principle whereby humans are vaccinated ugut small nox. /