Indianapolis Times, Volume 38, Number 219, Indianapolis, Marion County, 18 December 1926 — Page 13

DEC. 18, 1926

TRADING QUIET AT LOCAL STOCK MARKET

RECORD MADE IN CHRISTMAS STOCKJUYING Maintains Confident Tone — Good Feeling in Speculation. Pii United Press NEW YORK. Dec. 18.—Weekly mercantile reviews expressed great optimism regarding business conditions,. saying that cold weather was stimulating retail trade and that holiday buying was of record proportions. These descriptions heightened the good feeling prevailing in the speculative community. Asa result of the week's constructive developments, stocks maintained a confident tone in early dealings on the New York Stock Exchange today. However, considerable profit-tak-ing came into early dealings, attracted by the substantial character of the recent gains, and this realizing prevented the market leaders from scoring important gains. But offerings were well taken up and the upward tendencies persisted in many sections of the list. American Can assumed leadership of the leading industrials, rising to new high ground on the movement at 54 5 /6. up from the previous close. EDDIE TO BE IN ACTION Veteran Collins Says He’ll Stay In Majors. Bu United Preen PHILADELPHIA, Dec. 18.—“ I'm not through by any means,” said Eddie Collins, deposed manager of the Chicago White Sox, in discussing his baseball future. He said he expected to hold down a major league post next season “and make a good job of it.” Automobilei for Sale TODAY’S Outstanding Values in USED CARS , Save depreciation by accepting the sign of the Red Seal as an Indication of our guarantee. Remember a used car is no better than the people y a buy it from. A few of our late models. Remember Our Personal Service Coal truck; S6O down; 1025; rebuilt motor, good cab and body, solid rear tires. A truck ready to go out and mako money 1025 Ford coupe; balloon tires; good roadster; spare tire; lock wheel. See this if you want a bargain. $295 cash or terms. 1020 touring; fivn new cord tires, new paint; persona) service; thirty-day guarantee; upholstering und top like new: SIOO down. 1025 tudor: five balloon tires; delivered lust before the new models: looks like new inside; a ear you need not be ashamed to drive anywhere: SIOO down. 1922 touring: runs good: looks goqd: five good tires; very special. $75. cash or terras., 1923 Fordor; good tires, paint and upholstering; mechanically good: $75 down. .. 1024 Coupe: good paint, oversize cord flrea, shock absorbers, good upholstering, new top lock wheel: SBS down. W aurnge! nirn=*SDiiairp Comrupamiy Two stores for your convenience. 443 Virginia Ave. 902 N. Meridian St. Drex. 6020. Open every night and Sundays. VISIT THE USED CAR DEPT. OF p&tOx 625 N. Capitol Ave. Open Evenings and Sunday. MAin 4708 HTTPPMOBII.E. four-door sedanreflnished and excellent rubber. This car is a real bargain. CENTRAL BUICK CO., Used Car Store. 120 W North St. FORD ton truck, closed cab and express body; down payment SOS. SMITH & MOORE. 528 S. Meridian St. Open evenings and Sunday, Main 6650. FORD coupe 1926: used about 90 days: SIOO down balance terms. ROY WILMETII CO. <2O N Meridian St. Lincoln 6875 Open Evenings. FORD touring. J 926: a real buy: SOO cash balance terms. > ROY WILMETII CO. 720 N Meridian St. Lincoln 6876 Onen Evenings. FORD sedan. 1922: starter: deruountables: good tires and good running condition: $7. or $25 down. CARR AUTO SALES CO.. 5430 E. Wash, St. Irv, 1124. FORD tudor Redan. 1924; lock wheel, eord tires; motor A-l; down payment S7O. SMITH & MOORE, 628 S Meridian St. Mam 6050. T rucks Late 1924 Ford ton truck; with cab and stake body; excellent tires; starter and battery. A real bargain at S2OO, It won’t last long at this price. Call Mr. Easley. Main 5644.

New York Stocks (By Thomson * McKinnon)

Railroads— Prev. High. Low. Close. close. Atchison ..18014 103 % 169% 104*4 Atl C Li .207 .. 20614 20014 B & O .•. 10814 10814 108*4 100 Can Pac .100*4 160 16614 16014 O & O ..163 4 162% 103 103 C..& N W. 82*4 81 14 82 *4 81 % C R & P. 71 14 70*4 70% 70% Del & H.. 17714 170% 177 <4 170*, Del & Lac.l4B*4 ... 147% 148% Erie 41 *4 ... 41 41 Erie fi pfd . 62% 51 *4 51% 62% Gr N pfd 82 % ... 82 % 82 % Leh Val .104*4 ... 104% 105*4 K C 50... 44% 43% 43% 43% Mis Pa pfd. 02% 91% 02V4 01 N Y Cen.l47 142% 140% 14214 N YNH&H. 44% 43% 4414 44 No Pac ... 81 80% 81 81 Nor & W.. 101 ... 101 101% Here Mar .117 110% 117 117% Penn 50 % 56 *4 50 % 50 % Reading .1.101 99% 100% 09% Sou Ra ..123 122% 1203% 123 Sou Pac .110% 10.9% 110% 110% St Pa .... 9 ... 0 0 St Pa pfd 19% St L & S W 04% 62% 64% 64% St L&9 F. 102 ... 101% 101% On Pac .103% 163 163% 103 Wabash ... 42% 42 42% 42% Wab pfd .. 75% ... 75% 75% Rubbers— Fisk Rub .17% 17 17% 11% Goodr Rub 44% 43% 44 17% Goody ptd .07 ... 97 43 % Kel-Spgfd . 12 10% 12 10% U S Rub. . 03% 01% 03% 01 Equipments— A C & F. .103 ... 103 102% ASt F 44% ... 44% 44% Am Loco ..100% 108% 108% 108% Baldw Lo 101% 159% 101% 160% Gen El .. 87 % 80 86 % B*4 % Li Loco . . 66 % 06 % 06 *4 00 % IT Stl C ... 41 % Pullm 193% 191 192% 192% NYABr.. 43% ... 43% 43% Wsth Airb .140% 144% 145% 144'* Wsth El . . 69 % ... 09 09 Steels— Bet hi 48% 47 % 48 47% Colo Fuel . 40 V* 4040 % 40 Crucible .. 82% ... 82 82 Guit States 50% 50% 50% 50% P RCA X. 44% ... 43% 44% Rep I & 8. 58 ... 57 % 57 % Sloss Shelf 131% ... 130 130 U S Steel .159% 158% 159% 150*4 Vanadium. 39% 38% 39 39% Motors— Am Bosch.. 17% ... 17% 17% Chand Mot. 23 22% 23 93% Gen Motor 152% 149% 152% 100 Mack Mot. 99% 08 99% 08% Chrysler ..42 41% 42 41% Hudson ... 47% 40% 47% 47 Hupp ..... 22*4 22 22% *>2'4 Studebaker. 50% 64% 50% 65 Nash 68% 67% 68% 07% Stew Want. 60% 00% 00% 06 % Timken ... 70 % 70 % 70 % 79 % Willy* Over 23% 22% 23 23% Yellow Cab 28% 27% 27% ... Minings— Dome Mines 19% ... 12% 11% Gt Nor Ore 18% 18% 18% 17% Int Nickel . 37% 37% 37% 37% Tex G & S 48_34 47% 47% 48% Coppers— / Am Smeltg 145% 144% 145% 340 Anaconda . 48% ... 48% ,48% Inspiration. 20 % ... 20 % 26 Kennec-ott .03 62 % 02 % 03 U S Smeltg . . ... ... 37 Oils— Cal Petrol. 31% 31 31% 3J % Mid Con Pet 35% 36 35 34% Houston Oil 01% 00% 01% 60 Marland Oil 67 50% 50% 56% Indpendt. . . 32% 31% 31% 32% P-A Pete B 60% 05% 60% 05% Union Oil.. 54 53% 64 53% Phillips Pet 55% ... 55% 55% Skelly Oil.. 34% 34% 34% 34% Pure 0i1... 27% 27% 27% 27 % Royal Dteh 50 % ... 50 % 50 ■% S Ail ol Cal 68% 68% 58% 58% S Oil of N J 38% 37% 38% 38 Sinclair ... 20% 19% 20 20 MANY RECORDS BROKEN DY NEW POINTSREACHED U. S. Steel Surpasses All Demonstrations Except Its Own. By E. Walter Mockler NEW YORK, Dec. 18.—The common stock of United States Steel corporation was the single outstanding feature of Friday’s trading. Only once before had any stock showed a larger turnover in one day and that one exception was also in steel common in the war markets. Friday's turnover, as nearly as it could be compiled this evening was 633,000 shares, or about 27 per cent of the entire turnover for the day. New high records were common and old marks fell. The first to fall vfas in Steel common. This had been heralded in the over the counter trading on the previous evening after the 40 per cent stock dividend had been announced. Asa matter of fact there may be some dispute as to the record high achieved by Steel. Todays’ trading carried the stock to 16014, this being the highest registered sale ever made in Steel common. In the unlisted trading Thursday evening the unofficial closing was 161 bid—l 63 asked. It is not possible that eales may have been made in the over the counter market at a higher figure than Friday’s official high. Significant Activity It was perhaps significant that other stocks allied with the First National—Morgan interests, which predominate in the Steel corporation, were included among the outstanding features of the day’s trading. For instance New York Central rose 3% points, to 142'4. with a turnover of 70,400 shares; Allied Chemical advanced 6% points to 147, equalling the old high, with 113,000 shares traded; Baldwin closed 1% points higher; Southern Pacific rose 2%, to 110%, after touching anew high. Following the actual announcement of the long hoped for news on the Steel corporation the entire market was buoyant. There was considerable real demand from the outside mixed with the professional operations on the floor and at the close, the market could look back with satisfaction on the best single day, so far as strength and general sentiment was concerned, since the closing days of the 1925 market. Morgan Group Leaders Throughout the entire list traders were busy picking up stocks of other major corporations which presented stock dividend possibilities or probabilities. This accounted for the special concentration on the leaders of the Morgan group. Reports of a pending distribution in Allied Chemical, while never assuming the position of the recurrent reports in steel, still have been fairly common and Chemical was bought heavily on prospects. The same theory applied to Atchison, Pullman and a round dozen of other industrial leaders. Cali money was freely offered at 5 per cent and the undertone here was decidedly encouraging. There was considerable calling of loans during the day, but this failed to make any appreciable impression upon the supply of funds and at the close the call market was easier than the continued 5 per cent rate would indicate. Apparently trader* are assured of ample ; *’>'ds for market operations on iratively easy terms for som ■ ‘ > come.

Texas Cos . 67% 57 67% 57% IV Cont Oil 3" 3% 3% 3% Industrial*— Allied Chin 147 % ... ... 117 % Ad Rumely 10 9% JO 9% Alaska Gold 1% ... 1% 11’ Allis-Chal.. 01 80% 01 89*1 Amrr Can. 55% 54 55 53% A H&L pfd ... ... ... 60 Amer lee. 133 ... 132% 133% Am Woolen 34% 33% 34% 34 ten Leath. 7% ... 7% 7% Coro Cola. 108% 167% 187% 168 Congoleum. 10 % 19% 19% 19% Cont Can... 70% 75 70 74% Dupont .. 171% 107% 171% 108% Fam Play 114% ... 114 114 G Asphalt.. 85% ... 84% 84% Int Harv 154% 154 154'a 155% May Stores ... ... ... 138% Mont Ward 70% .. . 70% 70*5 Natl I/e ad 178 177 178 170 % Owen Bot.. 78 % 77 % 78 % 77 % Radio ... 50 ... 68% 68% Sears-Roe.. s<> 54% 54% 54% Real Silk. . 4.3 42 % 42 % 42 % Univer Pipe 31% 31% 31% 31%

Indianapolis Stocks

—Dee. 17— —Btock Bid. Ask Am Central Life 330 Amer Creosoting Cos pfd... 101 . . Ad Rumely Cos com 0 % 10 Ad Cr * D fd 94 34 % •Belt R R com 00 60 •Belt R R pfd 60 00 Cent Ind Power Cos pfd... 87 88% Centurv Blclt Cos old 100 ... Cities Serv Cos com ....... 49*4 ... Cities Service Cos pfd 92 V* Citizens Gas Cos com 50 51 4 Citizens Gas Cos pfd 105% ... Commonwealth Loan Cos pfd 97 ... Femtabl' Seeontifs Cos com 61 ... ••Hook Drug Cos com 28% Indiana Hotel com ...... 113 Indiana Hotel nfd 102 •Indianapolis Gas 57 60 Jndn'R e- RrUm -•tom nid. 48 Indianapolis St Ry 40 41 % Interstate Pub Ser pr lien pf 97% 00 Merchants Pub Util Cos pfd..loo Progress Laundry com 22 ... Pub Sav Ids Cos 14 ... Raub Fertilizer nfd 48 ... Real Silk Hosiery pfd 96 10<) Standard Oil Cos Ind 66 ... Sterling Fire ins C 0...... 15% ... T 111 4 E com j 3 T H 1 & E pfd 23 25 T H I & L Cos pfd 89 Union Trao of Ind 00m i Union Trac of Ittd let nfd.. .. 10 Union Trac of Ind 2d 0fd.... 2 Union Title Cos com . . 88 Van Cnirni Pack Cos nfd.... 18 ... Van Camo Prod let nfa.... 91% f>6 Van Camn Prod 2d nfd.... 95 Wabash Ry Cos com 42 ... Wabash Ry Cos pfd 75 ... —Hunk Storks— Aetna Trust and Say C0...114 ... bankers Trust Cos 132 .... City Trust Cos ...i4O ... Continental National 110 ... Farmers Trust Cos 238 ... Fidelity Trdst Cos 100 ... Fletcher American 100% ... Fletcher Sav and Trost C 0.261 . . Indiana National Bank ...267% 270% Indiana Trust Cos 230 Livestock Ex Bank 162 172 Marion County State Bank. 175 ... Merchants Nat Bank 325 ... Feoples State Bank 290 •fecnniv trust .250 State Savings and Trust 00 Union Trust Companv 403 428 Wash Bank and Trust Cos. 157 ... —Bonds— Belt R R and Stockyards 4s 90 ... Broad Ripple 5s 79 82% Central Indiana Gas 55.... 98 ... Cent Ind Power Cos 0s 99 ... Cent Ind Power Cos 7s 00 Citizens Gas Cos 5s 100 4 101 Citizens St It R 5s 85 80% Home T and T of Ft IV C. .1(13 104 Indiana Coke and Gas 0s ... 102 % ... Indiana Hotel 5s 08 4 ... Indiana Northern 5s 2 ... Tnd Ry and Lt 6s 05 ... tnd Service Corp 5s 02 % ... Ind Union Trae 5s 4 ... Indplg Col & So 6s 90 101 Indpls Gas Cos 5s 99 100 Indpls Lt anti Ht 5s 101% ... Indpls A Martinsville 55... 62 Indpls Northern 5s 24 26% lndlils A Northwestern 6s . . 04 % 07 % Indpls 4 H E 61 2 8 IndDls Shelby A S E 5s ... 2 ... Indnls St Ry 4s 64 00 Indpls Trac A Term 5s ... 04 % 90 ndnls Union Rv 6s ......101 ... Indpls Water \Vks Sec Cos. .08 ... Indpls Water 6% a 10.34 ... Indpls Water 4%s 04 94% Interstate Public Service fi5.102% Interstate Pub S Bs 8%5.,104% ... 1 H I A E 5b 75 ..I T H T and Lt 5s 93 . Union Trac of Ind 03 20 23 —Liberty Ronds—--Ist 100.74 100.80 Ist 4% 102.80 102.04 ~<l 4% 100.90 101.00 •id 44s 101.30 101.40 4th 4**B 103.20 103.33 U S Tr 4%s 100.80 109.90 U S Tr 4s 105.70 105.86 L •Eiudivicfend'. 10 ~ S ° ••Ex-dividend 50c. —Sales 10 shares Amer Creosoting pfd .. 102 10 shares Cent. Ind. Power pfd... 87 30 shares Indpls St. Ry 41 1 share Indiana Coke and Gas tig.. 102%

Commission Row

I'KICHg TO RETAILERS FKLITB Aniilen —Fancy Grimes Golden bbl . $6; Indiana Jonathans, hbl.. $5.50; Delicious 40-lb.. $2: I'lDDin. 40-lb. basket $1.35 Casabaa—Her crate. $3.50 Cider—s 4 50. H eal caste Cranberries—Centennials, box. $5; Jersey Howes, bbl.. $5. Coconuts—Fancy Jamaicaa sack ol 100 $5.50. „ Dates—Minaret. 30 pack, to box,. $4 50: Dromedary. 30 oack to box. $0.76: bulk dates, 11c lb. Flxs—l2 pack, to box. $1.16: 60 pack to box No 0 $3: 24 oack. to box. fancy S3: 12 oack to box. black. $1.?5- !m oorted layer. 10-lb box SI.OO 0 2.10 Grapes—Emperor. $2.75 per Liz. . Granefruit—Extra fancy. $3.60® 4 • fancy. $3.2563.60. Honey—24-case crate. $4.60 08. Kumqiiat*—Florida. 20®26c <]t. Lemons—Cali lorn ia, 84.26 ® 4.76 Limes—Florida 100. $2.60. Nuts—lndiana chestnuts IK. 166 230: shellbark liickorynuts. lb.. 2©3c: black walnuts. 3@3t4e lb.’ English walnut*. 30 ©3Bo lb Oranßes —Florida. $4 04.25; California navels, $400.50. Pears—Oregon Bose. $5.50 box: Oregon DAn j oils 35 box Persimona—California Japanese. $2.26. Pineapples—Cubt. crate. $6. Tangerine—Florida. $2.5004. SEA FOODS Oysters—Gal., $2.400285. VEGETABLES Artichokes—California. $1 dozen. Beans—Florida. green. oer hamper $4.00. Brussels Sprouts—Fancy California 25c lb. Cabbage—Holland seed. 2’A 03c lb.: red cabbage. 6c lb. Cauliflower—Crate. $2.25. Celery—Michigan, squares or flats 71.50: Michigan rough. $3.25: Michigan jumbo. $1 dozen: California. $5.76. Celery Cabbage—Hox. $1.50. Cucumbers—Florida. $2 dozen. Eggplant—Florida. $2.50 per dot Garlic —Fancy. I'iVtC lb. , Kale—Kentucky sack $1 50: H G.. 76c rfer bu Lettuce—Western iceberg, crt., $4.25® 4.50. Mangoes—Florida peppers. sfi.so. Mushrooms—Pennsylvania. $1.50 for 3Onions —H. G. yellow. 100 lbs . $2.50: Utah Valencias. 105-lb bag $2.50: Spanish. crt.. $1.75. Oyster Plant—H G.. 460 dozen Parsley—H. G. 50c per bunch. Peas—California $7.00 per crate Potatoes—Michigan round white, sack. 4.15: Minnesota early Ohios. *l2O-lb bag, $4: Russets. $3.75. Radishes—Southern long reds 26c: hothouse buttons. sl.lO. Root Vegetables Turnips, bu.. $1: parsnips, bu.. $1.60: carrots, ou . $1.60: Canadian rutabagas $2 cwt.: H. G.beets. bu.. $1.50 Shallots—Louisiana 65c dozen. Spinach—H G bu.. $1.25. Suuash—H G. Hubbard bbl. $2.60. Sweet Potatoes—lndiana Jersey. bu. $2.50. Tomatoes—Six-basket crt. $6 HOLIDAY SPECIALTIES Cedar Roping—Fancy evergreen 20vard roll $1.50 Christmas Trees—Vermont spruce, sin Kies, $2.5005: 2s per bundie. $2: 3s per bundle, $2: 4s per bundle. $2,250 2.50: 6s per bundle. $2.2502.50: tls per bundle. $2.25®‘4.60. Christmas Tree Holders—Oreen stained wooden cross nieces 25 pairs to bundle $1.7501.90: permanent metal holders $8 per dozen. Holl.v —Fancy Delaware. $5.50 per case. Holly Wreaths Fancy 10-in.. $1.35® 1.50 per dozen. Laurel Roping—Fancy green 20-vard roll $1 05. TILDEN TENNIS PLANS Bill Seeks Partner for Next Year at Wimbledon. Bu T'nitcd Prexx PHILADELPHIA. Dec. 18.—William T. Tilden, announcing plans for his forthcoming European invasion, said he hoped to induce A1 Chapin, of Springfield, Mass., or Francis T. Hunter of New York, to accompany him to the Wimbledon championships next year.

THE INDIANAPOLIS TIMES

Hogs, Cattle, Sheep Steady —Calves Strong to Higher. — Hoe Price Kane**— Dec. Bulk Ton. Receipts 10. 12.00Q12 10 12.10 0.500 11. 12.00di13.in 12.10 4.500 13. 11 75011.85 11 85 6.500 14. 11.50 11.00 8,000 15. 11.00®! 1.65 11.05 7.000 10. 11.00® 12.00 12.00 5.000 17. 11. SO @11.90 11.90 6.500 Trading was moderately quiet in all departments at the Indianapolis stockyards today. Hog prires remained steady. To the fresh run of 3,500 were added 612 head held over frorrt Friday. The bulk of the offerings sold at $ll.BO, this being also the top price paid. Packing sows brought s9.7s<gTl. Hog Price Range Porkers weighing 120-300 pounds formed the bulk, selling at $ll.BO. Meat 300 pounds nnd heavier was quoted at sll.sff<tj 11.75. Bovines were quiet, continuing steady. Today's receipts were estimated at 300. Beef steers went at [email protected]; bulk stock and feeder steers, $6.50<ff7.75; beef cows, $4.75 @6; low cutters and cutter cows, $3.50® 4.50. Calves Strong The calf market was strong to 50 cents higher. The bulk brought sl4. Best vealers sold at $14.50. Three hundred calves were the estimated receipts for the day. Sheep and lambs were steady. Receipts figured at 500 ovines. A few native lambs were offered at sll down. Bulk fat lambs were sll @12.50; bulk cull lambs. [email protected]; eWes, $7 down; bucks, s3@s. . Week in Review During the past week, In fact for the first fifteen days of December, hog receipts in the eleven principal markets have been 160,000 less than the same period a year .ago. Recently a decrease lias been observed in the supply of cold storage products and lard. There has been .3 decrease in the eastern shipping demand and Chicago’s receipts last Monday were the greatest of any day since last January. The first two days of the week porkers lost 50 cents, but have since regained most of this. The quality of hogs being received at the Indianapolis market is exceedingly good. The supply of cattle has increased during the week just closing, but with a heavier demand prices have not dropped. The holiday trade seems well supplied, with unwelcome prospects for heavy receipts next week. The butcher cattle market has been steady. Vealer calves have been better for the week. The local market has had the biggest receipts of sheep In recent years. Prices here compare favorably with other markets. The last week they lowered approximately sl. with little Indication of recovery before the first of the year. —Hors— Tb-cripts, 6.500; market lower. 120-300 lbs sll,Bo<ii 11.00 300 lbs. up 11.25(<(11.75 —Cattle— Reoript*. 000; market dull to lower. Beef steers [email protected] Bulk stoeker and feeder steers 6 50® 7.75 Beef cows 4.75®!6.00 Low cutters and cutter cows.. [email protected] —Calves Receipts. 800; market steady to lower. Best vealers 513.00 @ 14 00 Heavy Calves 6.50® 8.50 —SheepReceipt*. 000; market uneven. Top fat lambs $12.50 Bulk fat lambs 11.00® 12 50 Bulk cull lamb* 5.50© 8.50 Fovea 7 00 down Bucks 3.00® 600 Other Livestock LOUISVILLE. I*e. 18— Hops K <vipt#. MOO: market steady: top, fl|.7.*. Cattle —R'Nf-ipti*, :?00; market *tea*ly. Calves—Re**‘ipt!4, 100; market f eady; pood to rhoioe, slofri 11.50; medium to rood. outf*. down Sheep—.o; market steady: top lambs. seconds, $7 ft; 7,50; sheep.

Paris Acclaims Her

Little wonder lliiu Paris has gone mad over Marie Kousnczoff, famed Muscovite singer and dancer. Because the Soviet cramped her style in Moscow, Marie took herself off to the French capital where her artistic talent and looks soon won her popular acclaim.

Produce Markets

Butte, fwnolessle rtoe* Creamery best grade a pound. 55 Q 58c. Butter fat.—Luce I dealers pay 65c. Cheese (wholesale selling prices)—Wisconsin Daisies 24H26c Lomfborns 24® 27c; Limburger. 37c. Fhrcs —sire iiv utsh delivered a* Indian apolts 40(<(42e Poultry Fowls. 2.3 e; Leghorns, 13@ 14c; ducks. 15(1 18c. EMPLOYES SHARE IN SHINE FIRM Indiana Limestone Stock Goes to Workers. Bu Times Special CHICAGO. Dec. 18.—Cheerful news awaits employes of the Indiana Limestone Company. Final details are being worked out for a plan permitting employes to become partners in the business. President A. E. Dickinson stated Friday that since the formation of the corporation the officers and directors have been studying the subject with a view to developing a plan that would permit employes to participate in the ownership and to share in the prosperity of the company. In announcing the plan. President Dickinson said they were following the leadership of such successful firms as the Standard Oil Company (Ind.), Swift & Cos., United States Steel Corporation. American Telephone and Telegraph Company. The New York Central Railroad Company, International Harvester Company and other rail and public utility corporations. The plan will become effective on New Year's Day. Best Features It was stated that the new plan 'embodies the best features of the various methods used by other big industries. Under the plan the employe will he allowed three years in which to pay his subscription. The company wiil contribute a generous amount out of its earnings toward payment for employes’ stock. And for the men who remain with the company for the full period of the stock plan there will be a further participating benefit. The company’s decision is but one of the forward steps taken by the corporation since its inauguration this year under the leadership of Lawrence H. "V\ hlting, t hicago banker, who is chauman of the board. During the early part of 1526 the company acquired the properties of more titan a score of independent companies owning quarries and cut-stone mills in the Ped-ford-Bloomington district. Its progress lias been so rapid that production efficiency has been greatly increased. The company has been maintaining a high rate of operation and ns of Nov. 30, closed its first six months of operation with Its balance sheet showing a splendid financial condition. Employes Hold Stock Mr. Dicksinson In announcing the plan made reference to a recent survey made by the industrial relations section of Princeton University, which showed that in twenty important companies, 20.9 per cent of the stockholders .Tre employes of the company, and .that the market value of the average holding or subscription of employes in these companies is $1,244. President Dickinson pointed out that in tho Bethlehem Steel Company, 62.71 per cent of the stockholders are employes: in the International Harvester Company, 64.54 prevent; in Proctor Gamble, 65.88 per cent. It is particularly interesting, ho stated, that in the Standard Oil Company (Indiana), the largest corporation in Indiana, 34.98 per cent of the employes own $24,443,055 worth of stock held by 17,416 employe stockholders. Leaders of the Indiana limestone industry characterize the move as an excellent opportunity for the employes.

BUILDING IN U. S. LOWER THIS YEAR THAN iN 1925 Increase in Some Cities in Spite of General Reduction. Bu Timet Special _ j , . NEW YORK. Dec. 18.—A loss of approximately $300,000,000 in building operations throughout the United States for the year 1926 as compared with 1925 is indicated from reports of building permits issued in the leading cities and towns of the country and made public yesterday. These reports, made to K. W. Straus & Cos. by the various building departments, revealed losses in the aggregate of approximately 5 per cent. While the reports for the current month are not yet complete, it was pointed out that there Is nothing in the situation to show that they would appreciably change the year's building losses as now indicated and it is expected that the Nation's twelve months’ building program will approximate $6,200,000,000 as compared with $6,500,000,000 last year. Some Cities Gain While tho loss in building operations thus runs into a largo amount in the aggregate, tho slowing down processes now at work are not of sufficient consequence to prove a disturbing factor, it was said. In many of the larger cities, the S. W. Straus & Cos. figures show activities slightly ahead of last year. Building operations in the five boroughs of greater New York are expected to exceed one billion dollars, which means that about one-sixth of all the building of the United States is now within the confines of New York City. Chicago, where building operations will this year run close to four hnudred million dollars, or about on the same level as last year, will account for more than 6 per cent of the Nation's total building. Gains of considerable consequealso are indicated in Detroit. San Francisco, Newark, Pittsburgh, Milwaukee, Seattle, Albany and Buffalo. Many of the suburbs of the larger cities have made remarkable records. Yonke's and Mt. Vernon, N. V.. are included among the twenty-five leading building cities. The latter led the country, in point of increase, with gan of 101 per cent. Miami Eleventh Notwithstanding varioius disturbing factors in Florida, Miami occupies eleventh place among the building cities of t’/ Nation, based on the year's records so far. About one-half of the building operations of the country have taken place in the twenty-five principal building centers. These twenty-five cities as a group have a loss for the year of 2 per cent. The figure.* reported from the entire country indicate that the curve of decline is much sharper now than It has been at any time during the year. In 481 cities reporting. November permits were $301,601,559, compared with $351,048,755 in November last year and with $405,212,594 in October this year. The loss from last November was 14 per cent and from October 34 per cent. The year closes with construction costs from 1 to 1% per cent above last year. Building labor is 4 per cent higher and material from 2 to 3 per cent lower.

MARKET EXPECTS EXCITING SESSION Other Dividends Anticipated —Rails Prominent. Bu United Prexx NEW YORK, Dec. 18.—Always eager to seize upon optimistic rumors, Wall Street heard today that other large industrial corporations might follow he lead of United States Steel in declaration of a bulky stock dividend, and another exciting session on the Stock Exchange was forecast. Although most brokers believed that the boom in steel, which yesterday advanced the price per share to $160.50, the highest in its history, had run its course, it was felt that other industrial stocks might offer "pickings.” Overnight buying orders were reported from many brokerage houses, the public apparently striving to enter a bull mark in the pre-Christ-mas week. On the other hand, many speculators were prepared for profittaking—to cash in on their paper profits in yesterday's spectacular market. Railroad shares received attention during steel's sensational advance. Atchison, New York Central and New Haven swept forward, and other rail stocks followed closely. It was reported that Atchison might declare a stock dividend soon. Other Issues which for weeks have been sluggish moved upward as a result of pending dividend rumors. One of these was Allied Chemical, from which corporation a favorable announcement generally is expected. ‘COACH CUBAN WRESTLERS Bu Jnited Prexx NEW YORK. Dec. 18.—Gus Pe terson, Columbia wrestling coach, and Mike Sesit, captain, left today for Havana. Cuba, where they will coach the University of Havana wrestlfrs during the Christmas holidays. BENEFIT FOR LANGFORD Br United Prexx NEW YORK, Defc. I.—Such Negro boxers as Chick Suggs, Bruce Flowers and Black Bill are to be asked to appear on tjie benefit card being arranged for Sam Langford, famous in the ring a decade ago as the "Boston Tar Baby."

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Enclosed find cents for bulletins marked X on this list Name St. and No *••••• 4 • • • 4trmT*T.i.(ta>jni'LSi City... • infiirn • r#ra • • State. I am a reader of The Indianapolis Times.

General Subjects

Auction nrldg*. th New Rules Automobile Camping and Touring Automobile Painting at Home Bible Facte Canaries, Care ot Cats, Care of Chickens, How to Raise Dogs, Care of

Etiquette

Etiquette of Dresa Etiquette for Children Etiquette of Dinner* Etiquette, Origins ot

Entertaining

Festivals and Fates Games, Indoor Games, Outdoor Old Fashioned Dance* Science Astronomy, Popular Curious Information Evolution Pro and Con

Education, History

American Wars Choosing a Career Clnb Woman’s Manual Congress, How It Operate* Correct English Debaters’ Manual Flag, History of the O- SMoney, the Story of Nloknames and Phrases Parliamentary Law Simplified

Foods and Cookery

Around the U. 8. Cookbook Bread Making, Yeast Broad Making, Quick Cakea and Cookiea Canning Fruits nnd Vegetables Candied Fruits and Nut*, Caramels and Nougat* Catsups and Relishes Chafing Dish Reclpce Conserves, Jams, Marmalade and Preserves Desserts of all Kinds Drinks, Home-made Fish and Seafood Cookery Fondants, Fudges, Chocolate* and Bonbon*

Health and Beauty

Care of the Baby Care of the Hair Child Health Flies as Disease Carrier* How to Reduce Your Weight Malnutrition

Home Economics'

Budgeting nnd Household A* counts Care of Clothing Child Management Embroidery Stitch** Gardening House Plant* Household Hint* *

PAGE 13

Earning Extra Money Flowers, Meanings of Gems and Precious Stonae Motion Picture Star* Names, Meanings of Palmistry Parrots, Care of Perpetual Calendar Radio Set*, Building Religions, Facts About Etiquette, Social Etiquette, Travel Etiquette of Weddings

Parties, Costumes for Parties, Games for Parties, Invitations as4 Favors Parties, Menus tor \ Psychoanalysis Seven Wonders of the Modern World

President, His Office and ‘ Duties President’s Cabinet Presidential Elections sinoe l 1789. Scenario Writing States of the Union. Facte About Writing for Magazines World War, History si

Food for Young Children Food Values and How to Etimate Them Foreign Dlshee Frozen Desserts Hard Candles, Nttf. Brittle* and Taffies. Jelly Making Learning to Cook Meats and Meat Dlshee Picnic Lunches and Porek Suppers Pies and Fancy Pastry Salads and Dressings Sandwiches Styjr* Vegetable*

Motherhood Personality and Cham Sex Education Teeth, Cat;e of Vacation, Doctor and First Aid

Household Pests How to Own Your Horn# I.sundering Lampshades and How to Make Them Moths and Their Contrel Stains, Removal oi