Indianapolis Times, Volume 38, Number 224, Indianapolis, Marion County, 24 December 1926 — Page 9

DEC. 24, 1926

HOLIDAY DOMINATES LIVESTOCK MARKET

OVERNIGHT ORDERS BRING UP OPENING EXGHANGEPRICES Demands Entered From All farts of United States.

Average Stock Prices

Average for twenty Industrials Thursday >was 160.2", off .07. Average for twertty rails, 121.05, up .43. Average for forty bonds, 06,15, off .01. \ Bu United Press NEW YORK, Dec. 24.—Accumulation of overnight orders was evidently constructive, for the floor today reported buying orders in quantity from all parts of the country and prices were generally higher at the opening on the New York Stock Exchange today, with all departments participating. Steel started at 158, up %; tobacco stocks were active and higher, and metal issues were to the fore, with American Smelting opening at 146%. Motors were strong. The Street was greatly impressed with the volume and strength of those two notable loaders—General Motors and Atchison. Last-minute hoping is evidently present in the stock market for some spectacular buying was present in several dozen special issues. United Drug, at 172%, was but % under the year’s high. This company is expanding rapidly and is making impressive profits. Strength of Timken roller bearing was based on reports of record earnings this year and the company’s strong cash position. The stock rose to 83%, up 1% from the previous close. It is expected that for 1925 the company will show profits after all charges of $11,000,000 or overt $9 a share on 1,200,882 shares of stock. FOREIGN' EXCHANGE Uii I Xilci' I’s is NEW YORK, Pep. 24.—Foreign exclumce opined steady. Sterling. : francs. B.9(>r\ off .00 '/4c; lire. 4.51 %e, up .00 Vie; Belgium, 13.89 c; marks. 23.82 Vic.

Commission Row

PRICES TO KI.TAU.EUa I K l ITS Apples—Fancy (dimes Golden bbl . $5: Indiana Jonathans, bbl., 84®4.50: Delicious, 40-lb.. 82; Grccuinrs. 40-lb. basket. SI .50. Cider—s 4 50. 0-gal case Cranberries—Jersey Howes, Vi bbl., $5. Coconuts—Fancy Jamaica a sack oi 100 $5.50. Dates—Bulk. 10® 11c lb.: Fards, 12 lbs., 82.40: Dromedary. SO.IO. Gigs—Smyrna. 81.40® 2.40; California, $1.2n((£1.75; strings, 12c: rings, 14e; stewing, 14c: Sweetheart. 80 ease. Grapes—Emperor. $2.75 per lug. Grapefruit—Extra fancy. $3.50® 4: fancy. $3 "5Si! 3.50. Honey K‘Sc crate. $4.50®6. Kumquai- —Florida. 20c qt. Lemons —California. 84.25® 4.75. Limes—Florida 1(H). $2.50. Nuts—lndiana chestnuts lb.. 15@23c: whellbark hickorynuts. lb.. 2®3e: Dlack walnuts, 3®3Vic lb.' English walnuts. 30 ii 38c lb Oranges—Florida. s4® 4.50: California navels, 4.50 (a 0.75: fancy. 54.50M0.25. Pears—Oregon Bose. 86.50 box; Oregon D Annuls 3o box Prrsimons—California Japanese. 52.25. Pineapples—Cuba, crate. $5. Tangerine—4 lorida, ‘.12.50® 4. SEA FOODS Oysters—Gal. 83.40® 2 85. VEGETABLES Artichokes—California. $1 dozen. _ deans—Florida. green, per hamper $4.50. Brussels Sprouts—Fancy California 25c lb Cabbage—Holland seed, 2Vic lb.: red cabbuge. 5c lb. Cauliflower-—Crate. $2.50. Celery—Michigan, squares or flats $1.75; Michigan rough. $3.25: Michigan Jumbo, $1 dozen; California, $5.76. Celery Cabbage—Box. *1.60. Cucumbers—Florida, $2 dozen. Eggplant—Florida. $2.50 per doz. Garlic —Fancy. 12Vic ib. Kale—Kentucky sack $1.60: H G.. 75c per bu Lettuce—Western iceberg, crt., $4.50; H. CL. hothouse, *1.95. Mungoes—Flurma peppers, $6.50. Mushrooms—Pennsylvania. $1.60 for 3lb. basket. On.ons—H. G. yellow. 100 lbs.. $2.50: Utah Valencias. 105-lb bag $2.50: Spanish, crt.. *1.75. Oyster Plant—H. G.. 45c dozen. Parsley—H. G. 50c per bunch. Peas—California $7.50 per crate. Potatoes—Michigan round white, sack 54.25; Minnesota early Ohios, 120-lb. bag. $4.25; Russets, $3.75. Radishes—Southern lons reds 25c: bottiouse buttons *llO. Root Vegetables Turnips, bn.. $1 parsnips, bu.. $1.50: carrots, ou . *l.f>o: Canadian rutabagas $2 cwt.: H. G.beets. bu.. $1.50 Shallots—Louisiana 65c dozen. Spinach—Jl U bu.. *1.25. Souash—H. U. Hubbard bbl.. $2.50. Sweet Potatoes—lndiana Jersey. bu. $2.50. Tomatoes—Six-basket crt., 6; hothouse, $3 basket. HOLIDAY SPECIALTIES Cedar (toping—Fancy evergreen. 20yard roll. $1.25. Christmas Trees—Vermont spruce sin gles, s3® 6: 2s. per bundle, s2® 2.60: 3s. per bundle, s2® 2.50: 4s per bundle, $2.25 <iS 2.SO: ss, per bund e, 2.25 @2.50; 6s, per bundle. $2.25® 3.50 Christmas Tree Homers—Green stained wooden cross nieces 25 pairs to bundle $1.750 2: permanent metal holders, $9 per dozen Holly—Fancy Delaware, $3 per case. , Holly Wreaths Fancy 10-in.. $1.35® ■2 per dozen. w Lanrci Honing—Fancy green 20-yard roll, $2.26.

Produce Markets

Rutte, (wtjolPßa'e marsm Creamery best grade a pound. 55® 58c. Butterfat—Local dealers pay 55®56c. Cheese (wholesale selling prices)—Wieconsul Daisies ii4es26c: Longhorns 24® ■ 27c: Limburger. 37c. Kes* —*T P „,,v iiesh delivered at Indian apolis. 40® 42c. Poultry—Fowls. 21®23c: Leghorns. 13 @l4c; ducks. 10® 18c. CHICAGO. Dec. 24.—Produce: Butter— Receipts, 0,140: creamery, 48®40c; standards, 48c- firsts, 43 (Si 45c: seconds. 38® 41 Ho. Hog—Receipts. 3,238: ordinaries, 37® 40c: firsts. 41® 43 Vac: seconds. 42c: checss twins. 24® 2441 c: Americas, 20 Vic. Poultry—Receipts, 3 cars; fowls heavy, 24c: small, 18r; springs. 23 tie: ducks, heavy 30c. small 20c; geese. 25c; turks, Ho. 1,36 c: roosters, 18c. Potatoes—Receipts, no market today: arrivals on track not available; Wisconsin sacked round whites. NEW YORK, Dec. 24.—Flow"—Dull and nominal. Pork—Quiet: mess, $36. Lard —Firmer: middle west. $12.75®} 12.85. Sugar—Raw. dull; 06 test. 5.08 c: refined, dull; granulated 6.20® 6.40 c. Coffee Rio No. 7. 15®15‘,ic! Santos No. 4. 19V4 ®l9 4i<\ Tallow—Quiet: specials to extra. 6’s ®7o. Hay—Firm: No. 1. $1.35: , No. 3. $1 ®j 1.20: clover, $1.05® 1.20. Dressed poultry—Weak; turkeys. 380 53c: chickens. 21®47c; capons 30® 40c: fowls, 17® 34c: ducks. 24® 35c: ducks, Long Islands. 32®34c. Live poultry Irregular: geese. 14®-30c; ducks. 17 0 35c: fowls. 22 0 30c: capons 32046 c: turkeys. 20®3.>c; roosters, 10c: chickens. 22030 c: broilers. 35 040 c. Cheese —Firm: state milk, common to specials, 27028 c: young Americas. 26 tic. Butter—Firm: receipts. 8 901; creamery extras. 53c; special market. 52 ti ®i 53c. Eggs—Steady; receipts. 22.634; nearby white fancy, 61 0 62c: nearby state whites. 50 060 c: fresh firsts. 44 (ii 46c: Pacific coasts, first to extras. 50 10 60c: western whites 42054 c; nearby browns. 67® 60c. Potatoes—States. $3.70 (VI 4.75: Maine, $4.25® 5.50: Bermuda. $6.50016; Fanadian $4.60® 4.75. Sweet potatoes—Jeisey. baskets. 500®52; southern, baskets 40c 0 $1.25.

Local Wagon Wheat

Local grain elevators are paying $1.27 for No. 2 red wheat. Otner grades are purchased on their merits.

New York Stocks (By Thomson ft McKinnon)

Railroads— Prev. High. Low. 1:00 close. Atchison ..172 170% 170% 170 At Cos Li.. 209% 209 209 209 B Z 0... 108 ... 107% 107% Can Pao .1168% ... 187% 168% C & 0...105 164% 164% 164% C & N W 81% 81% 81% 81% C R & P.. 70*4 ... 70% 70% Del & Hud 176 Del & Lac. 148 Vi ... 148 148 Erie •••... i. • • 441 Erie pfd .. 55 % 64 Vi 55 54 V* Gt No pfd . 82% ... 82 % 82% Leh Val „ 103% Kan C Sou. 42% ... 42% 42% L & N ... 133% M K & T ~ . . 32% Mis Pae pfd 92% ... 92% 92% N Y Cen.144% ... 143% 143% No Pao .. 80% .... 80% 80% N Y NH&H 44 ... 44 443 Vs Norf & W. 161 ... 180% 160% Pare Mar .... ... ... 117% Penn 67 56% 67 57 Reading ... 97% 98% 96% 97% Sou Ra ..122% 121% Sou Pac .110% ... 110 Vi 111 St Paul ... 8 % ... 8 % B<4 St Paul pfd 18% ... 18% 18% St L & S W , . . . 63 St L&S F. 103 Vi 103% 103% 103 Un Pac ..164 103% 163% 164% Wabash . . 43 ... 42 42 % Wab pfd ..76% 75% 75% 75Vi Rubbers—i?2 M M A* Goodrich .. 43% 43% 43% 43% Good pfd .. 99 Vi 99 99 % 99 Kei-Spg ..11 ... 11 10% U S Rub.. 61% 61% 61% 61 Vi Equipments— . A C & F.101% 101 101% 101% Am Lo ...109% 109% 109 Vi 109 A St F... 44% ... 44% 44% Ba Loco .167% 166 167% 165% Gen El ... 86% 86% 80% 80% Lima 65 ... 65 65 N Y A B. 43% ... 43% 43% Pr Stl C.. ... ... ... 40% Pullman ..189% 189 Vi 189% 189% Westh A B 143% ... 143 143% Westh Elec. 69% 69% 60% 69% Steels— Bethlehem. 48 Vi 48 48% 48 Colo Fuel.... ... ... 44 % Crucible ... 81 Vi 81 81 80% Gulf St Stl 67 ... 56% 57% PRC &I. 41% 44% 44% 43% Repub Steel . . . . , ... 57 Sloss Shelf. .. ... ... 1 •>(): US Steel .158% 158 158% 157% Alloy 30 vanadium 39% Motors— Am Bosch.. 16% 10 % 16% 10% Chandler .... ... . o._jl T Chrysler ... 42 % 41 Vi i’i 41% Cont Motor 13% 13% j:t% 13 Dodge 28 % 28% 28% 28% Peerless .. . 20 Vi ... 29% 29% Gabriel ... op s’ Gen Motor 158% 154% id.S 154% Hudson ... 55 50% 51% 61% Jordan ... “1% Mack 97% 96 % 66 % 97 Martin Par. . . ... .>1 iz Moon .... 12% ... 12T' J.. Nash 70% 70 701. von Packard 36 Va 36 36% :i(! 1? Pierce Arw 23 ... °3 •>, 1' Studcbaker. 55% 55% 55% Skß Stew Warn. 65% 65vj 65% 65 Timken ... 83% 82 83 81% Willys Over 23% 23% "3% •> -1 - White Mot. 68% 58 08 57% Mining— Amor Sralt 147% 146% 140% 146% Inspiration. 25% . ' Int Nickel . 37% . 37 a! •171'' Kenneeott.. 82 5 ... •> aj J Tfl* G*S 50 £ 50 % 50 % 50 \ u S Smlt.. Jo's... 35% 35 % Oils—ci!!^. 110,4 l j oivi gsa bid Oil 32 3i: 31 A Til p M a .'land Oil 57% ~ . 56% 56 Mid-C Pet. 34% 33% 34% 33.-^ p 2m P <!if ”'i| < ri ?, G:aos2* fii ssi Pure Oil.. 27% |. o?% *>7?i Royal Dut. 51% fill,; Kl 51 Shell 29% 29% 29% 29% Sinclair ... 20(5 ... 20 4 °n 4 Skelly ... 34% ! 34 v, 3a 1 a S Oil of C. 59? ••• 50>4 r,<) if S Oil of NJ 38 58% 38 tt 38 Tex Com 57% 57 % 57 4 5714 Tr Petrol. 4% 4# 4% 44 Industrials— Ad Rumely 10 ... 10 10 Allis Chaim 9014 ... 90% 90 Allied Ch.. 145*,J 143% 144 4 144% Arm (A> ... ... i!.t Amer Can. 52 V 4 ... 52 % 52 A H&L pfd 52 62* 50 Am S Raz ... ... . r,p Am Wool. 33% ... 33% 33 Coco Cola 173 168% 173 168% Cont Can ... . 7414 Certainteed ... * 41 Dav Chem. . 28% ... 28% 28 Vj Dupor.t .. 175 ... 174% 172 lam Play 115% ... 114'i 115 G Asphalt 88% . 86% 86 In Comb En 47 % 46 47 >4 4 Int Paper ... ... ~ 57 % •In Harv 145% ... 145% 153% May Dpt S 138 % ... 138 % 138 Mont Ward 68$ ..i 68Vi 08% Natl Lead ... ... ~. . 170% Owen Bot. 79% ... 79 Vi 79% Radio 69% 68% 58 59% Item Typo ... ... ... 11.5 >1 Real Silk.. 46 45 45 45 Sears-Roe... 54% 54% 54% .54% nDr .. 171% 176% 171% 169% U S C I P. 238 235% 237 "36 U S I Al.. 79 78% 79 78% Woolw 189 188% 180 188*4 l tilities— A T & T.T49% ... 149% 149% Am Exp .... ... ... 129% A Wa Wk. 63% ... 63% 63% Brkl Ma .74% ... 74 <{ 75% Cos G & E. 50 % ... 89 Vi 89 % Con G . . ... 110% Interb .... 50% 49% 60% 51% No Am Cos. 46% 48% 46% 45% Peo G ... ... l"8 Phila Cos .... ... ~. . 89 % St G & E. 66 % ... 56 % 56 % Wst Un ... ... 147% Shipping— A Int Cn. 39% .... 39 39% A Sh & C. . 5% Atl Gu .... ... 40% fMe M pfd 38% ... 38% 39 Vi Un Fr 119% Foods— Am Su ...... i.-„ ... 83 A Be Su. . .. "5 Aus Nie .... ... ... 10 % Be Nu Pk. ... ... ... HI % Cal Pkg .. 71 % ... 71 % 71 Vi Cn Pds ... 61 % 51 % 61 % 51 % C Ca pld 47 % Cu A S 27% Eleischm ..47% 47% 47% 46% Jew Tea . 55 % 54 % 55 54 Nat Bisc .100 09% 100 99 Vi Pun Ale .... ... ... 46 I’ostum ...102 ... 102 101% Wd Bk 8.. 30 ... 30 30% tohaaccos— 1 Am Su ... 42 % 42 %’ 42 % 42 %

Out Our Way

-per /vvArT Conu-t^V^te HEB, GREASH-'.jH Blood sPLASHiki* \i/ l'aso Grf A \ ftC I'M NO X .1 rr ON MORE. CLo'tLS, 1 ' M BLOODTHiRSTM! BOMS! ONE-Tvajo" ' Mlwek gJt' M - l RARE STEA ■ ■ ■ ■■■ I ... —— • 11, I II J

Am Tob . .121% ... 121% 122 Am Tob B. 120% ... 120 3s 120% Cons Clg . 84% ... 84% 84% Gen Clg ... ... 54 % Liggett ... 99 % 09 % 99 Vi 99 % Lorillard .... ... ... 31 % R J Reyn.l7o% ... 120 119% Tb Pd R. .110% 109J4 110% 109 Un Cig St. 97 95% 97 95% Seh R S. . . 49 Vi 49 % 49 Vi 49 % •Ex-dlv. liitlelterest SHOWNIN GRAINS Cereal Pits Make Way for Christmas. Bu United Press CHICAGO, D*c. 24.—With most traders gone for the holidays and thte remainder more interested in Christmas than grain, aside from some evening up, operations early trading was a mighty dull affair on the Chicago Board of Trade today. Wheat opened Vi to % cents lower than yesterday. As expected, Liverpool closed fractionally lower, anl that market will remain closed until next Tuesday. Buenos Aires was sharply lower. Trading was on both sides, as operators trimmed their lines for the double holiday. Liberal receipts of corn and favorable weather conditions, together with the bearish Government report on the prospective supply of pigs, has caused a bearish sentiment to exist in this pit. Prices opened unchanged to % cent lower. Trade in the oats pit was practically nil at the opening, with prices unchanged to % cents lower. Provisions were higher. Chicago Grain Table —Dec. 24WHEAT— Prev. High. Low. 11:00. close. Dec 1.46 1.39 1.39% 1.46% M*y 1.40% 1.40% 1.40 % 1.40% July 1.32% 1.31% 1.33 1.33*4 CORN— Dec .73 *4 .72% .7314 .73% May 81% .81% .81% .86% July 84% .84% .84% .84% OATS Dec 48% .45% .46 .46% May 50 .49% .50 .50*4 July ...... .48 % 48 .48% RYE— Dec 04 04 .04 % May 1.00% 1.00 100% 1.00% July 98 3* 98 3i .98*% LARD— Jan 12.45 12.35 12.45 12.25 March ... 12.60 12.52 12.80 12.35 May 12.70 12.60 12.70 12.50 RIBS— Jan. .... ..... 13.65 May 13.75 13.75 13.67 CHICAGO. Dec. 24.—Carlots: Wheat. 13; coni. 267; oats. 44: rye. 3.

SOUTH SIDE BANK OFFICDGNAIID Directors Re-Elected for Fifteenth Term. v The original directors and officers of the South Side State Bank were re-elected for the fifteenth consecutive term Thursday. The directors first took office at the time of the bank’s incorporation, March 6, 1912, and have served continuously. The officers: John Lsuck, president; William Hart, vice president; Lawrence A. Wiles, cashier; Herman Lohss, George M. Fritz, Philip P. Bfroymson, John C. Vollrath, Louis C. Engelking, William H. Doenges and Lueppo D. Buenting, directors. Directors representing the Fletcher Savings and Trust Company, with which the South Side State Bank is associated, were also re-elected. They were Sylvester G. Kasberg, Francis A- Ohleyer and Arlie L. Riggsbee, When the bank poned its capitalization was $25,0000, and with deposits of $35,000. Its capital now is $50,000; surplus, $17,000; undivided profits, $25,000, and resources in excess of $1,750,000. The South Side bank became one of the five State banks affiliated with the Fletcher Savings and Trust Company, which also have five branches in the city, last December-

THE s INDIANAPOLIS TIMES

All Receipts Small—Hogs Advance 10 to 25 . ,v ; Cents. —Bor Price Kanfe— Dec. Bulk " Toe. Reeeint* 17. 11.80® 11.90 11.90 6.600 18. [email protected] 11.90 3.600 "O 12.00 12.10 4.600 2i; 11.90 11.90 5.500 22. 11.80 11.15 6.500 23. 11.85 11.90 3.600 24. 12.00 12.10 2.000 Pre-holiday trading was in evidence at the Indianapolis stockyards today. Receipts were light in all departments, and, with the exception of ovines, were less than Thursday. This condition is normal at this season, being the same in other market centers. Hog prices at the local market advanced 10 to 15 cents per hundredweight. in sympathy with a slightly greater increase at the Chicago stockyards. To the 2,000 porkers received were added 160 holdovers. The bulk of the sales were at sl2, while $12.10 was being asked for a few selected light weights. Hog Price Range Offerings .were still confined to the 120-300-pound class of meat, no price being listed on heavier stock. To these the bulk price of sl2 applied, as did the $12.10 top. Packing sows sold at slo@ll, which ls up to 25 cents above Thursday’s mark. All classes of beef were scarce, the cattle market remaining virtually unchanged. A fresh run of 200 bovines was offered. Prices included beef steers, [email protected]; beef cows, [email protected]; low cutters and cutter cows, [email protected]; bulk stock and feeder steers, [email protected]. Calves Higher With only 500 vealers received today, the calf market was active. It opened 50 cents to $1 higher, but the closing was less active and part of the early advance was lost. Sales were largely at $15.50 down, a few odd head of best vealers reaching SIC. The sheep and lamb department was nominal, as compared with Thursday. As then, 200 ovinea were received, the number being too small to test the market. Prices were quotably steady, however. Top fat lambs sold at sl2; bulk fat lambs, $11@12; bulk cull lambs. $0.50@9; ewes, $6 down; bucks, s2@4, -■" B o Receipts 2.000: market higher. 120-300 lbe $12.00 @12.10 300 lbs. up Indefinite —Cattle— Receipts. 200; market steady. , Beef steers .$7.6(V10.50 Bulk stock and feeder steers. 6.50® 7.<5 Beef cows 5.00® 6.25 Low cutters and cutter cows 3.50® 4.<0 —Halves Receipts, 500; market higher. Best vealers $14.00® 15.50 Heavy Calves 6.50 @ 9.00 Receipt*. 200; market steady. Top fat lamhs $12.00 Bulk fat lambs 11 00® 12.00 Bulk cull lambs ... ..... -.. 5.60® 9.00 Ewes 6.00 down Bucks 2.00 @ 4.00 Other Livestock EAST BUFFALO. Dec. 24.—Hogs—Receipts, 2,500; market 15®25c up: 200350 lbs., si".ls& 12.35; 200-250 lbs.. *12.50® 12.40: 160-206 lbs.. *1225® 12.50; 130-160 lbs.. *13.25 6*12.50: 90130 lb*.. *12.25 @12.50; packing bows. *10.25 @11.25. Cattle —Receipt*. 300: calves, receipts 850; market, cattle strong; calves steady. 60c up: vealer*. sls® 10. Sheep—Receipt*. 2.000; market steady. 25c tp: top fat lambs. $13.25: bulk fat lambs $12.75® 13; bulk cull lambs. *lO @10..>0; bulk fat ewe*. [email protected]. LOUISVILLE. Dec. 24,-j-Hogs Receipts. 500: market rough Ind stags ready; others 10c higher; tops, $11.90. Cattle— Receipts, 100; market steady. Calves Receipts, 100: market steady; good to ohoi<. $10.50® 12: medium to good. *8.50® 10.50; outs. $8.50 down. Sheep— Receipts, 50; market steady: top lambs, sll® 11.50; seconds, [email protected]; eneep. $5 @5.50. CINCINNATI. Dec. 24 —Hogs Receipts. 2.500; holdovers. 347; market steady to lOc higher: 250 to 350 lbs.. $11.25 lit 12.25: 200 to 250 lbs.. *12.15 @12.26; 160 to 200 lbs.. *12.15® 12.25: 130 to 160 lbs., lbs.. $lO 0.12: packing sows. $9.50® 10.50. Cattle—Receipts, 600; calves. 300; market steady; best vealers $1 higher: beef steers. [email protected]: light yearling steers and heifers. [email protected]; beef cows, [email protected]; low cuttrs and cuttr cows, 3.50®'4.50; valers, 9.50 @l4; heavy calves, *5 @9; bulk stocker and feeder stgers, $6 07. Sheep—Receipts, 250; lsTnhs 2R@ooc higher; top fat lambs. $12.50; bulk fat lambs. *[email protected]; bulk cull lambs. $4 @6; bulk fat ewes, [email protected]. 525,000 JEWEL lIOLD-l P Bu United Press SEATTLE, Wash., Dec. 24.—Two bandits held up Thomas J. Cassutt’s jewelry store here today and escaped with diamonds and other jewels valued at $25,000.

—By Williams

MERGER DELAY , IS CONSIDERED (Continued From Page 1) son when Samuel Artman was shifted from the body to secretaryship of the industrial board, held the deciding vote, it was said. James P. Goodrich, former Governor, has been aiding Insull In the conflict, and Lem Trotter, member of tie Indianapolis board of works, Clarke, it was said. Not Invited McCardle and Jones both said they were not invited to the conference held by the other three commissioners. While McCardle was waiting for the commission session, scheduled to begin at 9 a. m., to start, he made this statement: “Mr. Wampler has had the Hope telephone case, In which an appraisal also is necessary, for over a year and hasn’t completed it yet. What I want to know is why his rush in this case and so much delay in that little one. “It is my reliable Information that Clarke has entered into a contract bearing a large forfeit if this deal ls not completed by Jan. 10. That is why he is seeking to rush this decision. If he is so foolish as to' enter into such a contract, it is his fault not ours. Slump Imminent “It Is my Judgment from reviewing the financial market that a slump in money is imminent Jan. 1 and that money can be had cheaper then than now. That is posslbily one element in the rush.” Brought Figures Yesterday “Why was Harley Clarke In conference with you immediately preceding your private caucus this morning?” Commissioner Wampler was asked at the conclusion of the official session. “Look at those papers cn my desk,” was the reply. "Why, he brought me a summary of the figures submitted yesterday,” Wampler finally said“lt’s a mighty small business for a newspaper to poll the commissioners as to their vote,” belligerently declared Commissioner Singleton upon being questioned as to his vote if) the closed session. Not Answering Questions “But don’t you think the public has a right to know how their commissioners vote on such Important questions?” he was asked. “I’m not answering questions,” was his evasive reply. “Jones and I stood pat on our stand taken Thursday night,” was McCardle’s comment on the vote. Dramatic Case Wednesday’s session closed dramatically when Commissioners MeCardie and Jones said they were In favor of granting the postponement at once and urged a public vote on the question. For two days Clarke’s interests seeking unification of the Indianapolis Light and Heat Company ar.d the Merchants Hect and Light Company, presented testimoney of experts In their effort to show that unification is to the best Interests of the city, and that the proposed $55,000,000 capitalization is justified. Attorneys for the merger opponents had closed their final appeal for the ninety-day continuance to enable an unprejudiced expert on valuations to make a detailed appraisal of the true value of the properties, when Commissioner McCardle took the floor and announced that he was ready to vote on this question and was willing to tell the public his decision. At Sea “Gentlemen, I’m at sea on this question of valuations,” declared McCardle, “and could reach no just decision on these valuations, even if I wanted to. “This commission does not accept 15 per cent for ‘golnrr value’ such as the appraisers of Mr. Clarke have presented." This item in the valuation mentioned was $6,600,000. “Here comes an Item of $2,000,000 for financing,” continued McCardle, "and I’ve never before heard of such a thing. One appraiser omits ‘going value’ entirely. They differ in many other respects. When the experts can’t get together, how can we reconcile the differences?

“Our own engineer has made an appraisal and Mr. Clarke refuses to accept his figures. Decision now is impossible. “As one of this commission I am in favor of giving you gentlejnen ninety days and even longer, if you need it, to have your experts make a detailed and unprejudiced appraisal as a guide to this commission. “The people are vitally Interested in this matter and I insist that they be given a chance to be heard. “I refuse to be committed by Mr. Clarke’s personal agreements.” Jones Speaks Up Jones Immediately took the floor and expressed a desire to make known his views in this case. He highly complimented Harley Clarke and referred to his courtesy and frankness throughout the case. “We cannot and do not seek to escape the responsibility placed upon us In this case.” said Jones. “The statutes make it unlawful for us to

In the Sugar Market

(By Thomson & McKinnon) . A <EW YORK D<x\ 24—The fact that today will be the last notice day for December sugar contracts anil Monday the first of January is receiving more attention this morning than the position of the spot and granulated markets. Some look for an unsettled futures market. If prices do work lower they will attract an increasing amount of new buying. The market is too well entrenched to be more than temporarily depressed by current happenings. I think the important buying will continue to be based on the sounder position of the industry.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Dec. 24.—1 don’t know the extent of the public interest in January. Lsually there is a lot of transferring just before notice day. There was very little yesterday. Watching the market hour by hour I am more and more convinced that the holders of cotton contracts are going to get a very pleaeant surprise before the end of the year. i

approve issue of stock and securities in excess of a fair valuation. “No detailed appraisals have been submitted by the experts In this case, all are general summaries. The only detailed statement is that of the utility company itself.” “Our own engineer makes an appraisal $12,000,000 less than that of the utility’s experts.” We cannot intelligently pass on this question with the limited and diverse statements given us. “If forced to act now, I wjpuld decide on our own engineer’s ratimate, which Mr. Clarke refuses to accept. “I announce my vote for a continuance such as the people vitally interested in this case request.” Commissioner Singleton then moved that the decision be made at a star chamber session at 9 a. m. today. Ellis seconded the motion, and Commissioner Wampler made it three to two. G. 0. P. MACHINE SLIGHTED PARTY. WOMENJARGE Indignant Persons to Talk Gardner Incident at Mass Meeting. Desire of the Republican county machine to run a steam roller over the party women is viewed as the motive for expulsion from the G. O. P. caucus of Representative Mrs. KUa Van Sickle Gardner, by henchmen of George V. Coffin, county boss. Indignant at the humiliation to Mrs. Gardner, the women now plan to hold a mass meeting where speakers will outline the Gardner incident and also describe other events tending to sljow the politicians have slighted the feminine part of the organization. Friends Cautioned During the campaign Mrs. Gardner was slighted deliberately on a number of occasion, it is said, while her friends were cautioned not to push her candidacy too strongly. Mrs. Gardner's activity for re-elec-tion of Speaker of the House Harry G. Leslie was responsible for her expulsion, because J. W. Ebaugh, Russel V. Duncan and other Coffin sublieutenants are interested in the candidacy of Lemuel A. Pittenger, Selma. who Is backed by Republican Stat* machine leaders. Leader in Fight Pittenger was a leader In the fight to enable Governor Jackson and D. C. Stephenson to gain control of the State highway commission, a movement in which Lawrence Castwright, prominent crushed stone dealer and G. O. P. State vice chairman, and other old guard leaders were directors. GERMAN BOND ON NEW YORK MART First Offered in U. S. Since War. Bu Times Snccial NEW YORK/ Dec. 24.—A new stock is offered on the New York Exchange. *Tt is a $1,500,000 first mortgage, twenty-year sinking fund 7 per cent gold bond of the Housing and Realty Improvement Company, Berlin, being a loan for the purpose of financing in part the construction of modern apartment houses on an entire city block situated on the famous Kurfurstendamm, the main avenue of traffic in the modern residential and business section of the German capital. The comprehensive character of tho project is interesting. It will consist of apartment buildings containing one, two three and four-room apartments and provides for stores restaurants, sport and other recreation facilities. The curtailment of new construction, during and since the war, has caused a pressing demand for apartment houses and accommodations such as this program contemplates. * It is interesting as being the first loan of this kind to issue from any European country since the war for offering in the United States.

The bonds are a closed first mortgage on the land and on the buildings to bo erected on it, and German insurance companies are guaranteeing unconditionally the payment of interest, sinking fund and principal. In addition, the City of Berlin will hold second mortgage aggregating $430,000 and running for a period of fifty years. The bonds are offered at 98 to yield 7.19. An appreciable advance tion.

Far and Near

SANTIAGO.—The Chamber of Deputies foreign relation committee has under consideration a proposal to abolish Chilean legations in Mexico, Spain and Switzerland. WASHlNGTON.—Bootleggers in some sections are using old-fash-ioned "one-horse shays” to deliver their wares, the treasury revealed today. During the last fiscal year thirty-seven horses and wagons, used for transporting intoxicants, were seized. VIENNA.—An explosion seriously damaged the Central Railway station at Sofia, Kulgaria, injuring Station Master Popoff and other employes. It has not been determined whether or not the explosion was accidental or malicious. PARlS.—Announcement by the Bank of Prance that it would buy and sel 1 unlimited quantities of pounds sterling at 122.23 to the franc caused rumors that stabilization of French money was Imminent. The dollar was worth 25.19 francs.

JURY TO MAKE REPORT TODAY (Continued From Page 1) gation and had again warned him that his chance of making good his charges by documentary evidence, if he had any, was drawing to a close. Then again the convict who once ruled Indiana and has a very intimate knowledge of its politics and its government, its officials ar.d their influence remarked: “Every vote that grand Jury takes will be four to two. You won’t be able to indict any one.” Under the law it requires five votes to return a true bill against any persons against vhom evidence has been produce*!. A vote of four to two would result in no action. Report Due Monday The grand jury is now completing preparation of its report on the eleven weeks’ investigation of the Stephenson charges of State-wide political graft and corruption. The jury Is to make its report on the matter at 10 a. m. Monday before Criminal Court Judge James A. Collins. When the jury submitted its institutional and routine report Wednesday, Foreman Wilson Furnas told the court the probe would be completed “In two days.” Thursday, Sheaffer was excluded from the grand jury rooms by O. F. Calvin, member. At the time Sheaffer attempted to obtain admittance Gilliom was in the room, sitting in the wlntsss chair talking to member of the jury. Gilliom stated he had been called there to pass on some legal phases of the report that the jury desired information about. Sheaffer is grand jury deputy, and in this capacity he is authorized to act as advisor to the jury on legal questions that might arise, and also to aid the jurors in preparation of a report. . Remy Stays Out Sheaffer told Remy of his exclusion and the prosecutor made no move to go to the rooms, stating that he would -wait until he was called. Remy told Sheaffer he "didn’t understand” Gllliom’s presence there. Today Calvin said: “I haven’t anything to say. Sheaffer is one of the dandiest fellows I know. He’s my buddy.” According to Sheaffer’s statement to Remy, Calvin told him the jury “didn't need” him. He said as he went into the room Gilliom turned around and looked at him. Gilliom said he knew nothing about Sheaffer or Remy being barred from the room, although he was sitting within a few feet of the room entrance when Calvin addressed Sheaffer. Herman F. Sprandel, juror, declared he understood that “Sheaffer withdrew voluntarily.” The jury investigation grew out of a seriea of letters which D. C. Stephenson smuggled out of Indiana State Prison. Letter Released The first of these letters, stating that. Stephenson, if given proper opportunity, could disclose widespread graft and other corruption in officip.l Indiana, was released for publication Oct. 2 by Thomas H. Adams, Vincennes, Ind., Republican editor, chairman of a committee of Republican editors who had been investigating “Stephensonlsm” within their own party. Immediately newspaper men from all over the country clamored to see Stephenson and find out what there was to his charges and what proof he had. And equally as swiftly Governor Jackson clamped the lid on Stephenson. No reporter since

Indianapolis Stocks

—Dec. 24—■ —Stocks— Bid Ask Am Central Life 350 ... Amer Creusoting Cos pfd...101 ... AU Rumely Cos com 9 10 Ail Hunicly Cos pfil 31 % 32 Id Belt Rlt com 65 Vi 68 Beit R K pfil 65 60 Cent Ind Rower Cos pfd... 87 90 Genturv Bid* Cos Did 100 ... Cities Serv Cos com 49 % ... Cities Service Cos pfd 92 Citizens Gus Cos com 40 Vi 61 Vi Citizens Gns Cos nfd 105 vs ... Commonwealth Loan Cos pfd 97 Vi . KiluilaDle Securities Cos com 61 ... Hook Drug Cos com 28 Vi ... Indiana Hotel com 114 ... Indiana Hotel pfd 100 ... Indianapolis Gas 56 Vi 60 imu ns He Northwestern pfd. 48 ... Indianapolis St. Ky 38 Vi 4 1 Interstate Pub Ser pr lien pf.. 98 99 Merchants Rub L)til Cos 01d..100 .. . Progress Laundry com .... 21 Vi ... Pub Sav Ins Cos '. 15 ... Kaub eertmzer pfd 48 ... Real Silk Hosiery pfd 96 100 Standard Oil Cos Ind 69 ... Sterling tire Ins Cos 16Vi ... T H I & E com J I 5 T H 1 & E pfd 23 25 Vi T II 1 & L Cos pfd 80 Union Trac of Jnd com 1 Union Trac of ind Ist pfd., .. 10 Union Trac of Ind 2d Did.. .. Union Title Cos com .. 88 Van Camp Pack Cos nfd.... 16 ... Van Camp Prod Ist pfd.... 01 Vi 96 Van Crnnn Prod 2d pfd 95 Wabash Uy Cos com 41 'i ... Wabash Ity Cos pfd 75Vi ... —Bank Storks— Aetna Trust and Sav C 0... 115 Bankers Trust Cos 132 .. City Trust Cos 1 40 .... Continental National 115 ... Farmers Trust Cos 240 > . . Fidelity Trust Cos 160 ~.. Fletcher American 169V* ... Fletcher Sav and Trust C0..250 ... Indiana National Bank ....267% 271 Indiana Trust Cos 280 260 Livestock Ex Bank 102 172 Munon County Stale Bank.. 176 ... Merchants Nat Bank 325 ... Peoples State Bank 290 ... Security/Trust 250 ... State Savings and Trust 90 Union Trust Company 403 428 Wash Bank and Trußt Cos.. 157 ~.. —Bonds—gelt R R and Stockyards 4s 00 ..... Broad Ripple 5s 70 ... Central Indiana Gus 65.... 08 .... Cent In.l Power Cos 0s 09 ... Cent Ind Power Cos 7s 90 ... Citizens Gas Cos 5s 100 Vi 101 Citizens St R R sis 85 86 Vi Home T and T of Ft W Cs. .103 Indiana Coke and Gas 6s .. .102 Vi .. Indiana Hotel os 98 Indiana Northern 6s 2 .... ,'nd Ky and Lt 6s 95 ... Ind Service Corn 5s 02Vi ..... Ind Unioil Trac os 4 ... Indpls Col Sc So 6s 09 ioi Indpls Gas Cos. 5s 99 Vi 100 Vi Indpls Ll and Ht 5s 101% ... Indpls A Martinsville 65... 63 ... Indpls Northern 5s 24 25% Indpls & Northewestern 55.. 05Vi 70 Indpls t S £ 5s 2 8 Indpls Shelby & 8 E os ... 2 ... Indpls St R,v 4 64 06 Indpls Trac & Term 55.... 94Vi 96 ndpls Union Ry 6s 101 ... Indpls Water Wks Sec Cos.. 99Vi ... (ndpls Water 6Vis 103*/* .... Indpls Water 4Vis 94V* 94% Interstate Public Service 6s. 102 .... Interstate Pub S Bs GVis..lo4 ... £ H 1 It E 5s 75 T H T and Lt 5s 93 Union Trac of Ind Cs 20 22 —Liberty Roods—--Ist 3% 8 100.86 100.96 Ist 4% a 102.60 102.70 3d 4% 8 100.84 100.04 •3d 4% s 101.30 101.40 Jl. 8. fi;. 4'is 100,50 109.60 U- S. Tr. 4s 106.50 105.60 U. S. Tr. 4%s 102.60 102.70

PAGE 9

that day has had a chance to talk with Stephenson. Adapis released the second Stephenson letter, which grew more specific In its charges, on Oct. 4. 'Oct. 6, E. M. Hull, Anderson (Ind.) photographer, disclosed to The Times that while Stephenson was In jail at Noblesville awaiting transfer to Indiana State Prison to serve a life term for the murder of Madge Oberholtzer of Indianapolis, a man thought a large number of canceled checks, documents and other papers of Stephenson to him and had three photographic copies made. The man stood guard while they were made, he said. Remy Takes Case On Oct. 6, Adams released another letter from Stephenson. Tho series of letters charged that Stephenson could tell about contracts with three' Indiana mayors to control patronage, how Legislators were “handled and other startling things.” Meanwhile the prison trustees and Jackson wero keeping Stephenson from the world. Prosecutor Remy called for all evidence of any nature concerning the Stephenson charges on Oct. 7. Superior Judge Sidney S. Milletordered Stephenson brought to his court here for a hearing on a suit for collection of a debt from Stephenson on Oct. 8, but the warden refused to obey the order. On Oct. 9 John J. Maroney, Federal > agent closely allied with tho Senator James E. Watson crowd, talked with Stephenson for an hour and a half. What transpired in this session never has become public. Finally, on Oct. 11, Criminal Judge Collins instructed the grand jury to go into Stephenson’s charges and all other corruption it might chance across. Named Aids Prosecutor Remy named as his special assistants Gilliom, Kane and Gause and called Adams before the jury on Oct. 12. Stephenson was subpoenaed. This time the warden chose to obey and Stephenson was rushed to the grand I jury here from Michigan City a full day ahead of the time scheduled. This was on Oct. 13. That afternoon Stephenson was taken before Judge Miller. He disclosed nothing in open court. Newspapermen were carefully kept away from him. Then began the search for Stephenson’s famous black boxes, believed to contain the documents which he had said in his letters would prove his charges. The search led to Miss Mildred Meade, former confidant of Stephenson. Sho had disappeared. On Oct. 14 Attorney Floyd Christian, who had helped defend Stephenson in the murder case, told • The Times he saw the documents Stephenson had told about, piled high on a cot in Stephenson’s cell. Christian later went before the grand Jury. On Oct . 15, Deputy Prosecutor Sheaffer and Earl Klinck, a former Stephenson lieutenant, had a long conference with Stephenson at the prison. They Baid Stephenson renewed his charges. Julian Appears A search for L. G. Julian, former business partner of Stephenson, was started on Oct. 16. It did* not end until Julian appeared just after the election, Nov. 2, and spent several hours, on separate days, before the jury. O nOct. 18, Mildred Meade was arrested and placed under bond to appear befor ethe jury. She appeared, and got two empty safety deposit boxes out of a local bank, which she took before the Jury. On Oct. 19, Senator James A. Reed’s investigation of Indiana politics began at Chicago. Mrs. L. G. Julian was held as a hostage for her husband's appearance by Prosecutor Remy on Oct. 21, but after a few days he became convinced she could not locate her husband and was released. \ Reed Visits Indiana Oct. 22, Senator Reed came to Indianapolis and interviewed Senator James E. Watson at the Methodist Hospital and Senator Arthur R. Robinson at the Federal Bldg. He had examined Republican State Chairman Clyde A. Walb and Democratic State Chairman R. Earl Peters at Chicago earlier. He talked with Walb here again. The grand jury opened some boxes bearing Julian's name, found in tho Shank Storage House on Oct. 22. On Oct. 27, William H. Armitage, ‘ political boss of the Shang administration, balked before the grand jury and Judge Collins ordered him to answer questions. On Oct. 29 the jury adjourned, to • reconvene after the election. From then on there was a long procession of witnesses, nearly 200 in all. their Identity indicating that the grand jury went deeply Into affairs not only of the administration of Mayor Duvall, but also of his predecessor, Lew Shank.

GILLIOM STUDIES STEPHENSON CASE Attorney General Arthur L. Gilliom went to Noblesville today to check the records of the Hamilton , County Circuit Court In regard to the murder trial of D. C. Stephenson, former Klan dragon, now serving a life sentence In the Indiana State Prison. Data secured will be used by GilHorn In preparing to combat the habeas corpus proceeding of Stephenson set for next Wednesday In La Porte County Superior Court before Judge Harry D. Crumpacker. The attorney general asked Marlon County Prosecutor William H. Remy and Attorneys Charles E. Cox and Ralph Kane, the trio of counsel who prosecuted Stephenson, to offer any advice and counsel to further the blocking of the habeas corpus. Remy will make the trip to Michigan City Wednesday. It is considered likely that it motion to quash will be argued first and then the habeas corpus Issue itself. NEW YORK.—Mr. and Mrs. Cornelius Bolster, parents of sixteen children, have raised the largest family in the city, according to of flcials of Hotel Roosevelt, which will dine the Bolsters in state on Christmas - l i . .