Indianapolis Times, Volume 38, Number 220, Indianapolis, Marion County, 20 December 1926 — Page 19

DEC. 20, 1026

HOGS OPEN WEEK WITH 20-CENT ADVANCE

JVALL STREET FLOODED WITH BUYINGOROERS Calls for Shares Arrive Over Week-End —Good Feel--1 ing Continues.

Average Stock Prices

Average for twenty Industrials Saturday was iSI.RS, up 1.20. Average of twenty rails. 122.48, up .57. Avenure of forty bonds. 06.10. up .03. phiheat since 1917. litt United Press NEW YORK, Dec. 20.—The Wall Street Journal’s financial review today says: Buying orders flooded Into Wall Street from interior polfits over the week end, due to the good feeling aroused by the 40 per cent stock dividend authorized by the Steel Corporation and by the sweeping character of last week’s advances In leading industrials and rails. _ This forward movement carried iB e Dow-Jones averages for both Classes into new high ground on the recovery from the August-October break at Saturday’s close. Rails ended the week at 122.48, where were less than a point away from the record high of the current bull market, established last September. Carrier shares were again promt nent in early dealings. New York Central, Reading and Atchison were active at best levels of the current advance. In the industrial class, the recognized leaders like Steel,* Baldwin and General Motors were featured.

Banks and Exchanges

— T)eo. 20— INDIANAPOLIS STATEMENT Local cieannK'H Saturday wore $4,007,000; debit*, 50.086.000. CEREALS QUIET AS WEEK OPENS Grain Prices Even With Previous Close. Bu United rress CHICAGO, Dec. 20.—There was very little trading on the Chicago Board of Trade today. All grain Jbsrlces were about even with Satur closing figures. Wheat opened unchanged In all positions, higher foreign cables checking the bearish sentiment in this pit. Trading was cautious, most operators appearing to hold off until the Government estimate on all crops Is Issued todayCorn was unchanged to %c higher.. Sentiment In this pit was bearish, weather conditions being the dominating news factor. As in wheat, oats opened unchanged in all positions. Provisions opened unchanged. Chicago Grain Table —Dec. 20— WHEAT — Pmv. Hlprh. Low. 11:00. close. • Dec 1.39 % 1.39 1.39 % 1.39 May l.*>% 1.30% 1.89# 1.39% July .......1.32% 1.32 Vi 1.33% 1.32% iU jift ffi Doc 47% .40% .47 % .46% May 51% .50% .51 .50% 49 ™ ’ 49V4 ' 4!> Dea 90 % BOV, .00% .00% May 98 07% .07% JanA 12.(10 12.00 12.10 11.93 %£•"*** iais 13 - 2 ® ::::: lot llio MOORE TO REVIVE FIGHT ON MERGER • BEFORECOUNCIL President Boynton J. Moore and the city administration will cross swords again tonight at city council meeting when Moore will seek to defeat the tendency of city officials to support the proposed merger of the two Indianapolis light companies. Moore will try to introduce over the head of City Controller William C. Buser an ordinance to appropriate $15,000 for legal assistance to Corporation Counsel Alvah J. Rucker, who is leading the fight gainst the consolidation. Illegal Charge Buser, claiming the measure is illegal, has refused to sponsor it. Buser is the brother-in-law of Mayor Duvall. Rucker is suing to recover from Duvall and othsr former county treasurers Barrett law interest funds and other emoluments Duvall took while county treasurer. Moore said the election of council officers, slated for tonight, has been postponed until noon, Jan. 3. 6ouncilmen Otis E. Bartholomew and Walter R. Dorsett. of the majority faction, are considered active candidates to succeed Moore, who will retire. • Important Measures Public hearing on the wholesale , azoning measure affecting thirteen corners will be held the same date. Council tonight may ;ict on a number of important ordinances, including the annexation of Beech Grove, new flat-to-curb traffic parking regulations, the celebrated filling station authorization at Delaware St. and Fall Creek, rezoning for business of Forty-Sixth Bt. and College Ave., and the removal of billboards from boulevards.

New York Stocks (Ily Thomson ft McKinnon)

—Deo. 20— Railroad*— Pwv. High. Dow. 1:00. close Atchison ..1.28% 167% 108 Vi 160% Atl Get 1,..:.v>9 300 % 309 205 % H&O ... 108% 108% 108% 108% Canaa Pae 160% 108% 169 166% C& O ... 167% 103% 167 163 C & MV . . 82% 81% 82 82% C R I & P. 71 70% 70% 70% Del & Hud 177% 177% 117% 177% Del & Lao 1.48% 147% 148 147% Erie 41 ... 41 % 41 Erie Ist pfd 52% ... 52% 51% Gt North of 82 % ... 82 % 82 % Lehigh VaT 104 ... 104 104% K C South. 44% 44 44% 43% L& N ... 134% 134% 134% .. . M K & T . . 34 ... 34 Mo Pae pfd 93% 02% 93% 02% NY Cent.l4o% 144%, 145 140% NY NH & H 44% 44 %' 44% 44% North Pae. . 81% 80% 81 81 Nor & Wu 162% PR 162% 161 Pore Ma I .117 116% 117 117 Penney .... 56% 09% 56% 56% Reading .. 101% ... 100% 100% S Railway 123 122 123 123% So Pacific 112% 110% 111% 110% St Paul ... ... 9 0 St Paul pfd. .. ~, ... 19% St L&§W 64 . ... 64 04 % St L& S F 107 ... 101% 101% Union Pae 165% 164 165% 163% Wabash ... 42 % ... 42 % 42 % Wabash pfd 76 75% 75% 75% Rubbers— Ajax 11% 10% 11 Fisk 17% ... 17% 17% Goodrich... 44% 43% 44 44 Goodyr pfd... ... ... 97 Kelly Spgfid 12% 11 11% 13 U S Rubber 03% 63% 62% 63% Equipments— A C and F 103% 102% 102% 103 Amer Loco 109 Vi 109 108% Am Sti Fdy 44% 44% 44-% 44% Bald Loco .164% 160% 164 % 161% Gen Elea.. 87% 86% 87 86% Lima 60% ... 60 % 60% N Y Airbrk . . ... ... 43 % Pr Sti Car. .. ... ... 41% Pullman ..193 191% 193 192% Westhr A B 145% ... 144% 145% Wosth Elcc. 70% 60% 70% 69 Steels— Bethlehem . 48 47% 47% 48 Colo Fuel ... ... ... 46 % Crucible ... 81 % ... 81 % 82 Oil'l SI Sti 50% .... 50% 56% PRC &f. 44 % .J. 43 % 43 % Rep Steel. . 57 % ... 67 % 67 % Slow. Shell 130 U S Steel . .159% 158% 155% ’159% Alloy 30 % ... 80 % ... Vanadium. 89% ... 39% 39 Motors— Amer Bosch .. ... ... ]7 % Chandler ..22% ... *>2% 7;) Chrysler ... 42 41 % '4l % 42 Cont Motor 12 11% 12 11% Dodge 20% ... 20% Gon Motor 153% 161% 162% 152% Hudson ...47% 40% 47 47% Hupp 22 % ... 27 % 22 % lordan ... 18% 1$ 18% Marik- 09% 98% 98 % 00% Nash . ... 08% 66 67 68% Packard ... 30 % 30 % 30 VI 30 % Studebakor. 50% ... 55% 50 u Slew Warn. 66% ... 06% 00% Timkan ...81% 80 81 79 2 W;iJIM Over 22 22% 22% 23 * White Mot. 57% 57 67% Mining— Amer SmJt 145% 144% 144% 145 <4 Anaconda .40% ... 48% 48% Inspiration... . , , ... 26 Vi Int Nickel .3$ 57 % 38 37% Kenneeott.. 03 ... 62% 02% Tex GAS. 47 % 46% 47 47% tJ 3 Stneltg . . ... ... 37 Oils— Atlan Refg 115 114% 115 Cal Petrol. .31 % ... 3? "ai 1, Freept Tex. 37% 31 % 32 33US Houston .161% 61% 01% Ind 0i1... 32 si% 31 it 31 Marland OH 50%, 6% 50 Vi 56 ■% Mid-C. Pet. 36% 35 35 35 PAP (B) 60% 06% 00 00% Pacific OH ... ... . 1 iff Phillips Pet 65% ... 66% 65% Union Oil. 54 VI :. . 54 54 Pure Oil. . 27% ... 27% 27% Royal Dut. ... ... 50% am 1 ! . 29 2 , 0V * 20 Sinclair .. 20% ... 20 20 Skelly ... 35% 34% 3474 a 4 t<, S Ofl of Cal 57 % ... 58 68 % SOHofN J3B % .. . 38 % as 't Tex Com. 57% 67% 57% 57% Tr Petrol. 3 ... 3% 3% Industrials— Ad Rumely ... ... ... 10 Allis Cr.al. 91% ... 01 pi Allied Ch. 140% 146% 145% 145 Arm (A) . 15% ... 15% Amer Can 56% 54% 64% 55 A H&L pfd ... ... ... 60 Cen Loath 7% - % ~ Coco Cola 168% 168 168% 107% Cont Can.. 76% ... 70 76 Dav Chem. 27% ... 27 27 Dupont .. 171% 109% 170% 171% Fam Play 115 ... 114% 114 Q Asphalt. 84% ... t 84% 84% In Comb En 45 % 45 % 45 % 44 % Int Paper. 58% 68 58% fnt Harv. 165% 156% 154 % Commission Row I’OICKH If* RETAILERS FRUITS Applet—Fancy Grimes Golden bbl $6: Indiana Jonathons, bbl.. $5.60; Delicious 40-lb. $2: Pippin 40-lb basket $1.35 Casabas —Per crate $3.60 Cider —$4 60 6 sal case Cranberries—Centennials, box. $6: Jersey Howes. % bbl.. 56 Coconuts—Fancy Jamaica* sock of 100 *6 50 Dates—Ml' sret 30 pack, to box. $4 60 Drouiedury 60 back to box $0.75 hulk dates lie lb. Mbs—l2 pack to box. $1.15. 60 pack to box No 6 $3: 24 back to box. fancy $3: 12 pack to box black $1.75. Im borted layer 10-lb box sl.9o<U2lfl Grapes—-Emperor. $2.76 per lug Grapefruit—Extra fancy $3 50424 fan, y. $3.25 413.60 Honey—24-csse crate $4 50(9:0. Kumquata—Florida. 20® 26c qt. Leuiocs- —CaJilornla 84.25 (a 476 Limes—-Florida 100 82.50, Nuts—lndiana chestnuts ih 154223 c, •hellbark hickorynute lb.. 24* 3c: black Oranges—Florida, $4 0 4.26: California navels. s4® 8.60. Pears—Oregon Bose. $6.60 box: Oregon D'Anious 36 box Per.umon*—California Japanese. $2.26. Pineapples—Cubt, crate. $5. Tangerine—Florida. $2 60 04. SEA FOODS Oysters—Gal $2.400286 VEGETABLES Artichokes—California. $1 dozen. Beans—Florida green ner hamper $4.00. Brussels Sprouts—Fancy California 26c lb Cabbage—Holland seed 2 Vi® 3c lb.: red cabbage, 6c lb Cauliflower—Crate. $2.26. Celery—Michigan. squares or flats $1.69: Michigan rough. $3.25: Michigan lumbo. $1 dozen California. $5.75. Celery Cabbage— box $J .00 Cucumber*—Florida, $2 dozen. Eggplant—Florida $2.50 per doz Garlic—Fancy. 12 %c lb # Kale—Kentucky sack $1 rO- H G. 76c oer bu • _ Lettuce —Western Iceberg, ert.. $4.25® 4.50. Mangoes—Florida peppers. $0 50. Mushrooms—Pennsylvania $1.60 for 3Ib basket. Onions —H. G. yellow. 100 lbs.. $2.50: Utah Valencias 106-lb bag $2 50' Spanish. crt.. $i .75 Ovster Plant—H G 46c- dozen Parsley—H G. 50e oer bunch Peas—California 87.60 per crate Potatoes—Michigan round white sack 4.16: Minnesota early Ohio*. 120-lb bag. $4: Russets. $3.75. Radishes—Southern lon* reds 26c- hot house buttons $1 10. Root Vegetables Turnips, bu.. $1 parsnips bu slso' carrots ou $1.50' Canadian rutabagas $2 cwt • H G.beets bu. $l5O ' Shallots—Louisiana 65c dozen. Spinach—H G bu.. $1.25 Scuash—H G Hubbarfl obi.. $2.60. Sweet Potatoes—lndians Jersey bu. $2.50 Tomatoes—Six-basket cri $0 HOLIDAY SPECIALTIES Cedar Roping—Fancy evergreen 20yarrl roll $1 50 Christmas Trees—Vermont spruce, sin glee $2 5005: 2s per bundle. $2: 3s per bundle $2: 4s per bundle, $2.25® 2 50: 6s per bundle $2.25(5)2 50: 6s ner bundle. $2.25 0 2.50. Christmas Tree Holders—Green staineo woollen cross nieces 25 pairs to bundle $1.75431.90- permanent metal holders $8 per dozen. Holly—Fancy Delaware $5.60 per Ca Holly Wreaths Fancy 10-in.. $1.35® 1.50 per dozen. Laurel Roping—Fancy green ,20-vard roll $1 05

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. Deo. 18.—Doubt that President Machado's 4.500.000-ton crop decree would receive the support of important Cuban sugar producing interests has finally been dispelled. In fact, the latter hme intimated that any appreciable decline in sugar prices might make further crop restriction advisable, aocording to report* over the week-end. Futures rose substantially in a short space of time. Then came a technical reaetio'n. I think a fresh advance is in order.

In the Cotton Market

(By Thomson * McKinnon I NEW YOBK. Deo. 20.—Tile cotton market is much more interesting' to a trader than it was at a lower level. Pri(** move easier. Should the ginning figures nrove bullish this n.ornipg, take a little profit 16 or 20 point? higher.

May D St 137% 146% 137% 138% Mont Ward 69% 09% 09% 70% Natl Lead. 178% ... 178 178 Owen Bot ... 78 % Radio ... 60 % 50 80 68 % Rem Type ... ... ... 114 Real Silk .42 ... 42 42 % Sears-Roe. 65 ... 64% .64% TTn Dr ...172% 109% 172% 168% U 9 C I P 281 ... 229 % 232 U 9 1 Al. 79% 78% 79% 78% Woolw 190 ... 188% 100% I tllitlrs AT&T. 148 % .. 148% 151 Am Ex .... . .. * ... 132 AWa Wk. 03% ... 03% 03% Bk Ma , 76% Col G & E. 88 . , 88 88 Cons G ..111 100 110% 110% Intcrb .... 63% 62% 52% 62% N Am C. . 47% ... 47% 47% Peo Gas .... ... ... 128 Phil a Cos . 57% ... 67% 80 St O & El. 67% ... 67% 57% Wstn Un ..148% ... 148V* 148% Shipping— A In Cp. . 40 . ... 40 39% A Sh &Cos 5% ... 6% 6% Atl Gu 41 40% 41 40 In M Ma pf 41 39% 40 39% Un Fruit .121% 121 121% 121 Foods Am 8u ... • ... 83 % A Be 811 27% Aus Nic .... ... ... 11 Be N Pk.. 01 ... fll HI Cal Pkg . 71 % ... 71 70% Cn Pds ... 51% 61 51 % 51 Cu Ca Pfd. 48% .. 48% 48% Cll A Su.. 28% ... 28% 28% Flrixehm .. 47% 47% 47% 47% Jew Tea 47 Nat Disc 101 100% 101 100% Pun Ale .. 46% ... 46% 40% Post 102% 101% 102 101% Wd Bk B 32% ■ohacnos— Am Sum ..144 .. 43% 43% Am Tub ... . ... ... 124 % Am 'Tob 8.122% ... 123% 122% Cons Cig . 8.3 83 82% 82% Gon Cfg ... ... 64 Liggett ... 03 % ... 98 % 98 % Lonllard .. 30% ... 30% 30% RJ Reyn. .119 ... 119 118% Tb Pd 8..109V* 109 109% 109% Un Cl St ... 05 Sch R S .. 49 .. 1 48% 49 STRANGE CASE BAFFLES Ilusband of Missing Woman Found Babbling In Queer Tongue. Ru United Press WASHINGTON. Dec. 20.—A bundle of torn lingerie added today to the mystery of Dr. and Mrs. Knutte H. Houck, which presents ail the elements of a good detective story, including a baffled police forced The clothing. It was learned, had been ordered burned by Dr. Houck, young neurologist at St. Elizabeth’s Government Hospital for the Insane, when he disappeared last Wednesday after searching all day for his wife. Mrs. Gladys Houck, 28, last seen Tuesday night. Dr. Houck was found Friday near a hotel at Horned, N. Y., clad only in underwear and babbling Incoherently in what appeared to be an oriental language. Physicians said he was Buffering from a temporary mental disorder. The Houcks are parents of 3-year-old boy. GIVES ROBBERY MOTIVE Newspaper Says Alleged Flapper Bandit Need Funds for Pledges. Hu United Hrcnt i AUSTIN, Tex., Dec. 20.—Mrs. Rebecea Bradley Rogers, 19 year-old University of Texas graduate, under bond here in connection with the hold-up of the Bank of Buda Dec. 14, staged the robbery to get money to meet pledges of the American Historical Association, according to a copyrighted article in the Austin Amerlcan-Statesman, local newspaper. Mrs. Rogers was responsible to the association for a recent membership campaign, as a result of which claims amounting to about $ 1,000 accrued. The girl staged an extensive campaign for members and went to a great deal of expense, and finally mortgaged property belonging to her mother in an effort to male up for this expense, the newspaper says. LABOR FOR PRIMARY Head of Teamsters Says A. F. of L. Will Fight Change. “The primary system is one issue upon which labor is going to stand solidly,” declared Daniel J. Tobin, president of the International Brotherhood of Teamsters and Chauffeurs, Sunday. Tobin characterized Vice President Dawes’ Saturday night’s speech in New York, as "one of the most cynical and audacious attacks ever made upon the Institution of democracy.” Plans for defensive action, said Tobin, will be made at a meeting of the American Federation of Labor executive council, of which he is a member, in Florida next month. CONVENTION BODY MEET Review of Year’s Work Given at C. of C. Luncheon. A review of the year’s work was given before the meeting of the executive committee of the convention bureau of the Chamber of Commerce at a noon luncheon Tentative plans tor an increased 1927 budget were also discussed. “The expansion and growth of the bureau’s work has made it necessary to enlarge our fund program,”’ declared Dwight A. Murphy, treasurer. Bureau executives attending with Murphy were: Walter B. Smith, chairman, C’. E. Crippin, John B. Dubuc, Charles A. Kepner, T. C. Polk and F. C. William*. 300 FROZEN TO DEATH Chinese Coolies Traveling in Open Cars, All Perish. Bu United Free, * PEKTNG, Dec. 20. —Three hundred coolies, shipped in open railway cars from Galgan to Pingtichuan by order of Gen. Chang Tso-Lin, were all frozen to death en route, it was reported here today. The bodies were Sent back to Kalgan. i _ MANY HURT BY QUAKES Bu Tim?* Snecial WASHINGTON, Dec. 20.—Two severe earthquakes occurred In Albania Saturday, causing heavy property damage throughout the country, according to delayed State Department ad .'ices today. Many persons were injured, but no deaths were reported. The American Boys’ School at Tirana was partially destroyed. REPUBLICAN SOLOXS CALLED? Lieutenant Governor Harold F. Van Orman has called Republican State Senators Into a confidential conference at the Columbia Club Tuesday, It was reported today. The action Is unusual. Van Orman’s purpose was not disclosed.

THE INDIANAPOLIS TIMES

Calves Strong to Higher— Other Markets Steady. —Ho* PrW Rants— Dec Bulk Tod Reprint* 13 1175011 85 11 85 0 500 is; il 00011.05 {IaI ?:800 10 11.900 12 00 12 00 6.000 17. 1 I 80® 1 1 90 11.90 0.500 IR. 11.80 <@11.90 11.90 3.600 20 12.00 12.10 4.500 A 20-cent increase largely dominated the sale of hogs at the Indianapolis stockyards today in sympathy with movements In other market centors. Current receipts were 4,500. To those were udded 313 head held over the week end. t Most of today’s sales were at sl2 a hundredweight. A few selected light hogs brought the top of $12.10. Packing bows were quoted at $10®'11.25. an Increase of 26 cents over last week’s close. Ilog Price Range Meat weighing 120-300 pounds constituted practically all of today’s stock, selling at sl2. For heavier pork no quotation was listed. A small run made the cattle market comparatively quiet, with prices about steady. Receipts were figured at 800. Beef steers were quoted at $8.50@)11.50; bulk stock and feeder steers, [email protected]; beef cows,' $4.750 6.25: low cutters and cutter cows. $3,500)4.50. Vealers Strong The calf market was strong to higher, with 600 head received. Most sales were sl4 down. A few old head of best v<vilers went at sls. The sheep and lamb departmej t was quiet. About two hundred ovlnes were received at the local market, and only a few head, mostly native lambs on sale. They were little changed at sll down. —Hog*— li/vript* 4,500: market hifhnr 120-300 li $12.00013.10 30 lbs. up 11.50® 12.00 —Cattle— Receipts. 0OO: market alow to steady Brel steers $7.60 00.25 *1,1% *’<v'kef anrt feeder steered 50 tfr 775 Beef row* 4 76® 025 Low cutter* auil cutter row* 3..rout 50 —Calve*— Rearipta. 600; market stmnsr Rest Tea era sl3 500 15.00 Hearv Calve* 6.50® 8.60 ■ gheetv Rcvipts, 200; market steady Tni fat lambs $ll.OO Bulk fat lambs sll down Bulk cull lambs (Mil 5.30 Ewes 7 00 down Bucks 3 OilU 5 00 Other Livestock IX3UIBVILLE. Dee*. 20—no*—Receipts 2,100: miirknl. roufiti* anil 10c higher, others 15c higher tops, 911.90. Cattle— Receipts, 1,100: market. C6c lowrr. Calves—Receipts 600 market sternly: srmr to choice. SIOH 11.50: medium to food, SBO 10: outs $8 down Sheep—Receipts. 100: market iiteaily: top lambs sll ull 50. seconds. s7® 7.60: sheep. $6 46 5.50. BUSINESS RECORDS MADEDURINGI926

Exceeds All Previous Years in Peace Times.

Bu United Press NEW YORK. Deo. 20—The volume of goods produced and distributed in this country, and business profits during 1926 were greater than In any previous peace-time year, according to the Standard Statistics Company, New York, in its annual review made public today. Business conditions in 1927 will not be as uniformly favorable as during 1926, the analysis says. “But as we expect the decline in general business activity during the first half of 1927 to be moderate In degree, we similarly expect no great decline in corporation earnlngß during that period,” the review adds. CONSTRUCTION TO INCREASE I Mid-Winter Operations to Exceed Past Season’s. Bu United Preee WASHINGTON, Dec. 20. Approaching weeks will witness the greatest volume of mid-winter construction operations ever undertaken in the United States. This Is the conclusion drawn by the Associated General Contractors of America from a series of statistical studies just completed. The prediction of intensive building activities is based largely upon the fact that the record-breaking demand for new construction gives small indication of diminishing. The latest statistics show this demand to have been so great last month that anew November record was hung up. Direct evidence that a vast amount of building is ready and anxious to get under way is being offered. The volume o contracts awarded during the first ten mot—hs of 1926 is 8 per cent greater than the total for the corresponding period of 1925. The volume of construction aetuallly undertaken in eleven months this year is approximately 2 per cent greater than the volume registered in the same portion of 1925. Thus. U is pointed out, a vast margin of contracts awarded has been built up during the year and represents proposed activities which will get under way at the earliest convenient time. The volume of building permits Issued during 'October showed an amazing increase over the previous month, reaching the greatest proportions registered in any single month this year. October also saw the establishment of anew record for awards of contracts in that month.

Local Wagon Wheat

Local grain elevators are paying $1.27 tor No 2 red wheat Otner grades are t purchased on their merits ,

NEW YORK STOCKS EXCHANGE MAKES MARKETHISTORY Old High Marks Tumble in Street’s Most Eventful Week. By E.. Walter Mockler NEW YORK, Dec. 20. Wall Street has just closed one of the most eventful weeks in its history. All other developments were subordinated to the 40 per cent stock dividend declared by the United States Steel Corporation. Old high trailing marks went by the board after this had been announced witli the tremendous demand for steel common reflected in a single day’s turnover of 633,000 shares on a 5-point rise. Oth4r stocks allied with the same banking Interests Including Can, National Biscuit. Allied Chemical. Baldwin, General Motors. New York Central und Southern Pacific were very strong. Kail Demonstrations IxjuplsviUe & Nashville Increased its dividend, Baltimore & Ohio declared an extra of 50 cents per share, the Van Kweringenß reaffirmed their faith in Erie by naming J. .1. Bemet. their right-hand-man. president. Call money has held at 6 per cent, but there has been an umple supply of funds available at this figure. Ap parently supporters of the stock market are assured of sufficient funds to prosecute buying operations for some time. Not only are the pro fesslonal elements well supplied with funds, but the ordinary investment demand coming into the bond market is of such volume as to send bond prices higher and yield lower. Demand for Rails Ralls have been brought heavily with demand based on good earnings in 1926. good prospective earnings for 1927. and high hopes of a widespread merger era next year. Since Congress convened, the rie mand for rail stocks has been accentuated—while there is some pending legislation affecting the railroads. it is not of the character which a few years back threatened to disrupt the country's rail systems. HAMMER KILLER OF CHICAGO BOY DECLARED SANE Alienists Examine Young Man Who Calmly Confesses to Murder. Ru t nited Brest „ ... CHICAGO. Dec. 20.—Harold J. Croarkin, 26, son of wealthy parents, was held In custody here today as the confessed murderer of little Walter Schmith, 6 year-old boy found dying In the hay loft of a riding academy Friday night. Arrested late yesterday, Croarkin readily admitted beating the little boj to death, but refused to tell why ho did it. “I killed him,” he said, “but I don't know why.” "I beat him to death with a hammer, don't ask me why I did it." In the same breath Croarkin denied that he was a degenerate or that he had mistreated his victim, except by striking the blows that were responsible for death. “Can you tell us any reason why a 2 6-year-old man should kill a 6-year-old boy," he was asked by State’s Attorney Crowe. “There’s only one reason I can see," Croarkin replied impersonally, “and that’s that the man attacked the boy. Now I'm going to shut up until I seo my lawyer.” Crowe immediately called In Drs. William Krohn, H. Douglas Singer and Francis J. Gerty, three well known psychiatrists, to examine Croarkin. The alienists reported sane. In answering a statement made by Croarkln's uncle, Francis E. Croarkin, former school trustee, that “Harold has only the mentality of a 10-year-old boy,” Dr. Krohn said: “No 10-year-old hoy could pass the examinations Croarkin negotiated for us. Another thing, when he was at Loyola Academy he always had marks ranging from 85 to 90 and he is an expert at mathematics. “He can not be considered insane unless degeneracy is regarded as insanity, and it Is not in Illinois.” Croarkin said he killed the Joy Friday afternoon by striking him Several times with a hammer. “Then I' went to a priest and confessed my crime,” he said. "I felt better, but didn’t know what to do, so I got on an L train and rode almost all night. I spent Saturday looking around in the department stores at various things I liked. Yesterday I went to see a lawyer and he advised me to give up. I took his advice.” The murder of Walter has stirred the city into a reactionary revolt to crime that It has not experienced since Nathan Leopold and Richard Loeb, young college students, killed 10-year-old Robert Franks, a crime very similar to Croarkln's. Civic agencies, the police and private citizens have begun a drive to rid the city of degenerates Mothers are keeping their children near their homes. The crime is almost the sole topic of discussion In public places, more so even than the antics of Martin Durkin, killer of a Federal agent, who flitted about the city for weeks defying capture.

Produce Markets

Butte. i wnniesm* nrioes i— Creamerv best gTade a pound. 55@58e. Butterfat—Local dealers pay 66 @ 66c. Cheese t wholesale selling prices)—Wis consin Unisies 24t250 Longhorns 24 <it 27c: Limburger. 87c. \ Kggs- -Mrit-iiv tresh delivered'at Indian apolis. 41 <& 44c. _ Poultry—Fowls. 22® 23c-: Leghorns. 18 eiic: duck*. 160180. i

WOMAN'S DEAIH DISCLOSES LOVE TRAGEDY CLIMAX Widow of Ingersoll, Watch Maker, Is Victim —Man Companion Wounded. flu United Preen NEW YORK, Dec. 20.—The dis trict attorney's office today practically exonerated Wallace Medea n Frohaaco of the homicide charge against him as a result of the shooting yesterday in the apartment of Mrs. Roberta Tngersoll, widow of the watch manufacturer. Mrs. Ingersoll was killed, and Probasco. whose own wife was the daughter of the late Robert G. Tngersoll, the famous agnostic, was severely wounded. Rely on Note Investigators, after working all night on the case and talking with Probasco at Bellevue Hospital, where ho is under technical arrest, said they believed a note in their possession. written probably on Saturday by Mrs. Ingersoll, contained the solution to the entire affair, and that it would show the case was plainly one of suicide on the part of Mrs Ingersoll after she had fired upon Probasco. The note, the district attorneys of flee told the United Press, was all but unreadable and parts of it were not yet clear. The officers, with the aid of persons familiar with Atjrs. Ingersoll’s hand-writing, however, expected to have the entire letter deciphered soon. Until that is done Probasco, they said, could not be formally exonerated. Wife at Bedside On his bed at the hospital and with Mrs. Probasco at his side, the wounded man early today talked of the shooting with u representative of the district attorney’s office. H< repeated his previous story that he had gone to Mrs. Ingersoil's apartment following a reconciliation with tile ow n wife, to break a relationship with her which had existed over a long period. As he was leaving, he said, Mrs. Ingersoll advanced toward him with his hat. Suddenly she fired from under the hat. and he was wounded. Then, he said, she shot herself. The gun with which the shooting was done was {ound some distance from Mrs. Ingersoll’s body and this was considered a suspicious circum stance for u time, hut officers, after further investigation, said they were convinced it was where Mrs. Ingersoll dropped It after the shooting and that she staggered away before she herself fell dead. PRESENTSVIEW Os MOM FOR SMjTHMORDER Senator Heflin Recalls Story of $2,000,000 Involved in 6. 0. P. Campaign. Bu United Prrne WASHINGTON. Dec. 20 —Senator Heflin (Dem.l, Alabama, told the Senate today that testimony before a Senate committee that the late Jess Smith, confidant of former Attorney General Daugherty, was trying to collect eighty-two million dollars from breweries and others for protection showed why It was desired “to get rid of him.” Heflin, who charged recently that Smith. found dead here in Daugherty’s apartment In 1923, did not commit suicide, but was murdered, read testimony presented before a committee which investigated the nomination of Aubrey Boyles as Federal judge in Ala bama. Heflin said he had read that United States District Attorney Buckner in New York had written him a letter asking what proof he had to support his assertion. The Senator then read the committee’s testimony. It included a story circulated previously that Smith was commissioned to have Republican district attorneys throughout the country collect from bootleggers and breweries $2,000,000, a balance due Secretary of the Treas ury Mellon for advances he made to finance the Ilardlng-Ooolidge campaign of 1920. Smith's share of this, Tleflin said, was $300,000. NEW BLUE LAV.’ FIGHT Theater Owners hi Orange, N. J., Plan Arrest of Twenty-Seven. Bu United Preen ORANGE. N. J., Dec. 20.—The fight against the strict New Jersey blue laws, under which it Is illegal to get a shoe shine or run a street car on Sunday, centered here today. Representatives of movie theaters spent getting evidence against twenty-seven violators and will file complaints. They include a dentist, a laundryman. taxicab driver, druggist and other storekeepers. In nearby .Irvington, where the blue law fight started a week ago Sunday, all was harmony. The clergymen held their church services and the theater owners put on movie shows. To force a showdown, the theater men a week ago had forced the arrest of ninety-eight persons. A spokesman for the clergymen today said they would not act against the theaters for opening yesterday. “We have taken our stand. It’s up to the police,” he said. The authorities said no action would be taken unless complaints were made. “We’ve won,” remarked the theater men gleefully.

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