Indianapolis Times, Volume 38, Number 226, Indianapolis, Marion County, 27 December 1926 — Page 11

DEC. 27, 1926

LOCAL HOG MART MAKES SHARP ADVANCE

POST-HOLIDAY MARKET HAS BIGTURNOVEI Improvement in Prices Well Distributed Through List.

Average Stock Prices

Average for twenty industrials Friday was 160.46. up .24. Average for twenty rails. 121.58, off .37. Average of forty bonds. 80.08, off .07. Bu United Pi ess NEW YORK, Dec. 27.—The post holiday market opened with a fairly large turnover and with the general price structure higher than previous closing levels. The (improvement in prices was well distributed in various classes of stocks, rails joining the general industrial and oil list in price betterment. Southern improved % to 121% and New York Central also was fractionally higher, while Atchison gained 1% to 171%. General Motors at 159% was up 1%, while Dupont was nearly a point higher. Steel common was fractionally higher, as was Baldwin. Trading slowed down in the second hour, except for General Motors, in which the volume was large with the price going through 160. Other motors basked in the giant strength of the group’s leader and achieved some firmness. Steel was strong, selling around 160. Investment demand continues unabated and undoubtedly the stock dividend will go a long way to increase the company’s list of common stockholders. Rails were firm and quiet, buying was noted in seaboard issues, and, of course, Atchison, which Is picked up actively whenever it deigns to reach a point or so.

Banks and Exchange

—Dee. 27 INDIANAPOLIS STATEMENT Local bank clearings Friday were $4,137,000; debits, 87,803.000. FOREIGN EXCHANGE 111/ United Press NEW YORK. Dec. 27.—Foreign exchange opened steady. Demand sterling, 84.84%; francs, 3.90%c. off .00%; lira, 4.51 tic, up .01%.

PRICES STEADY AT GRAjN OPENING Cereals Little Different From Friday’s Closing Rates. Bn United Press CHICAGO, Dec. 27.—A1l grains opened virtually unchanged from I Friday’s closing prices on the Chicago Board of Trade today. Wheat opened unchanged to % cent higher than from ‘Friday’s prices. Liverpool Is closed today and Buenos Aires was unchanged. Gradually increasing deliveries continue as a bearish factor, but fluctuations in this pit are now largely the result of local operations and news seems to have little effect. Corn opened % cent higher than the previous close. Although favorable weather conditions exist and deliveries of the new crop are increasing daily, this cereal continues to maintain a fairly steady tone. Oats opened unchanged from Friday’s closing prices, with very iittlij trading in evidence. Little independent strength was manifest, as a majority of the traders continue to get their cue from others. * Provisions opened higher. Chicago Grain Table —December 27 WHEAT— . Prev. High. Lew. 11 a. m. close. Dec. ...1.41% 1.40 % 1.40% 1.39% May 1.41% 1.40% 1.41% 1.40% j CORN" 1,32 ™ 133 1.32% Dec. "77.72% .72% .72% .72% May .... .81% .81% .81% .81% July 85 .84% .84% .84% Cats— Dee 46% .45% .46 .45% May 50% .50 .50% .50% JU YE - ’ ’ -48 ™ ' 4B % -48 % .48 % Dee 95% .95 .95% .94% May ....1.02% 1.00% 1.02% 1.00% JUl l7\.RD— loo - I- 03 .98 % Jan. .....12.67 12.40 12.40 12.55 Mar 12.85 .... 12.60 12.65 Mav .. .13.07 12.60 12.70 12.80 RIBS— Jan. . .'i 13.95 May ....14.00 13.90 14.00 13.97

In the Sugar Market

(By Thomson & McKinnon) NEW YORK, Dec. 27.—January liquidation was the chiet feature of Friday’s tradlair. The tendency in the latter part of -the day was little easier, hut found fair support from one of the leading Cuban houses. Market may open slightly lower, due to tenders on January, but favor purchases on setbacks for the time being.

Wagon Wheat

Local grain elevators are paying $1.27 tor So 2 ren wheat Otnpr eradee art (lurch n -i t I nr their merit? Other Livestock CINCINNATI. Dec. 27.—Receipts. 2.000; lipldoverß._ 273: market opened 50 '<( 75* higher- 250-350 lbs. sl2 4(12.90; 200-250 lbs., $12.75 5tl 12.80: 1260-200 lbs.. $12.75 0.13-90; 130-160 lbs, $12.50(t0 12.90: 901.30 Ibsi. $10.504612.50; packing sows. slOOll Cattle Receipts, 1.500. Calves; —Receipts. 450: market steady to .veals. 50c lower: beef steers. s7(s9.;>o- light yearlingß and heifers. so.oo@ 10.50: beef cows. $4,504*0.75: low cutter and cutter cows. $3.5004.25; vealers, $9,504(13.50; heavy Btock and feeder Bteers. $6 417. Sheen—Receipts, 150: market active; lambs. s(ic higher: top fat iambs. sl3: bulk fat lambs. $9.50013: bulk _cj(ll lanfVs, $4 06; bulk fat ewes, $3 § 5.50. • TOLEDO. Dee. 27.—Hogs—Receipts, 7<>o: market steady: heavies. sl24i? 12.n0: mediums, sl2 012.50: yorkerg, 812.25 41 12.50: good pigs. $12,504(12.75. Calves —Receipts light: market firm. Sheep and Ismbs—Receipts light: market steady. N. B. C. PAYS EXTRA Bu United Press NEW Dec. 27.—The directors Biscuit Company today declared an extra dividend of 25 cents on .ommon, payable Jan, 31, to stock of record Jan. 14.

New York Stocks (By Thomson & McKinnon)

Railroads— Prev. High. Low. 1:00 close. Atchison ..171% 170 170% 170% At Cos L 208% B & 0....108 ... 107% 107% Ca Pac -.169% 168% 169% 167% C & O 164% .. . 164 164% C & N W. . 81% 81 81% 81 C R & P.. 69% 69% 69% 69% Del & H.. ... 175% Del & Lao .146% ... 146% 147, Erie 41% ... 41% 441% Er fl pfd .. 55 .>4 % 54% .>4% Gt No nfd.. 82% 82% 82% 82% Kan C So ... 42% MK&T ... 33% Mi Pae pfd. 92% .. r' 92% 92 N Y Cen. . 144 % 143% 144 143% N Y NH&H „ ... 43% No Pac ..80% 80% 80% 80% Penn 57 ... 57 66 % Reading .. 97 96 % 96 % 96 Sou Ra ..121% ... 121% 121% Sou Pac ..110% 109% 110 110 St Pa 8% St Pa pfd 18% St L& S F.103% ... 103 Un Pac 163% Wabash ...41% ... 41% 42% Wab pfd .. 76 ... 70 75% Rubbers— Ajax 9% 9% 9% 9% Fisk 17 % *. . . . 17% 17% Goodrich .. 43% 43% 43% 43% Goody pfd . 99% ... 98% 99% Kcl-Spgfd ..11% 10 % 11 % 11 U S Rub.. 61% 61% 61% 61% Equipments— AC & F.. 101 % ... 101% 101% Am Lo ..110% 109% 110 109% Am St F. 44 % ... 44 % 44 % Bald Lo ..167% 165% 165% 166% Gen El .. 80% 86 86% 86% Lima ... ... 06 N Y A B 43% Pr Stl C. .'. . 40% .. 40% ... Pullman ..189% . . 188 189% Westh A B 142% 142 142% 142% Westh Elec 09 % ... 69 % 69 % Steels— Bethlehem. 48% ... 47% 48 Colo Fuel .4-1% ... 44% 45 Crucible ... 81 la ... 81 81% Gulf St Stl 56% P R C & I. 46% 45% 45% 45% Slows Shell 133 130% 132% 130% U S Steel .160% 159% 159% 159% Motors— Am Bosch.. 16% ... 16% 16% Chandler .... ... ... 22 Chrysler .. 42% 42% 42% 42% Cont Mot.. 13% ... 13% 13% Dodge .... 28 % 28 % 28 % 28 % Peerless .. 29% ... 29% ... Gabriel .. . 29 % ... 29 29 % Gen Motor 160% 158% 160 158% Hudson ... 52 % 50 % 51 % 50 % liuPP 22 % 22 Ts 22% oo Jordan ....22% ... 22*1 22% Mack 97 96% 96% 96% Moon ... ... 20 % Nash 70% 69% 70% 70% Packard ... 36% 36% 36% 36% Pierce Arw . . ... ... 23 Studebaker. 56% 55% 55% 56 Stew Warn, 65% 65% 65% 65% Timken ... 83 82% 83 82% Willys Over 23% ... 23% 23% White Mot. 58% ... 57 68% Mining— Am Smelt .149% 147% 149 147% Anaconda .49 ... 49 49 Inspiration. 26 ... 25% 25% Int Nickel . 37% 37 % 37 % 37% Kenneeott. . 62% ... 62% 62% Tex G&S 50 % 50% 50 % 36 % U S Smelt, 33% ... '* 35% 35% Oils— Atlan Ref 117% 116% 116% 116% Cal Petrol.. 31% 31% 31% 31 Freeppt Tex 35% 35% 35% 35% Houston ..61% ... 61% 62 Indp Oil ... 31% 31 % 31% 31% Marland Oil 57% 31% 31% 31 * Mid Cont P 34% 34% 34% 34%

Commission Row

PRICES Id RETAILERS FRUITS Apple*— Fancy Grimes Golden bbl $6: Indiana Jonathans, bbl., $404.50; Delicious. 40-lb.. $2; Greenings. 40-lb. basket. $1.50. Cider—s 4 50. 6-gal case Cranberries—Jersey Howes. % bbl., $5. —Fancy Jamaican sach ol 10b $5.50. Dates—Bulk. 10@llc lb.; Fards. 12 lbs., $2.40; Dromedary. $6.10. Gigs—Smyrna. $1.40(<(.2.40: California. $1.25(811.75: strings, 12c: rings. 14c; stewing, 14c; Sweetheart, $0 case. Grapes—Emperor. $2.75 per lug. Grapefruit—Extra fancy. $3.5042 4fancy, $3.25(813.50 Honey—24-ease orate, $4.50426. Kumyuats—Florida. 20c (it. Lemons—California, *4.25 424.76 Limes—Florida 100 %2.10, Nuts—lndiana chestnuts lb„ 155223 c; shellbark hiekor.vnuts lb.. Zth'.ic: Dlack walnuts, 3423%c lb.- English walnuts. 30 ft*3Se lb Oranges—Florida, $4 524.50: California navels. 4.50526.75; fancy. $4.50526.25. Pears—Oregon Bose. *5.50 box -. Oregon D Anions 35 box Persimons—California Japanese $2.25. Pineapples—Cuba, crate. $5. Tangerine—fiorida. $2.50424. SEa foods Oysters—Gal.. $2.40622.85. VEGETABLES Artichokes—California. $1 dozen. Beans —Florida green per hamper $4.50. Brussels Sprouts—Fancy California 25< lb Cabbage—Holland seed. 2%c lb.; red cabbage, 6c lfc. Cauliflower—Crate. $2.60. Celery—Michigan. sauares or flats sl.7a; Michigan rough. $3.25: Michigan Jumbo, $1 dozen; California, $5.75. Celery Cabbage—Box $1.60. Cucumbers—Florida, $2 dozen, Eggplant—Florida. $2.50 per doz Garlic —Fancy. 12 %c lb. Kale—Kentucky sack $1 60: H G. 76e per bu Lettuce—Western Iceberg, crt.. $4.50: H. G„ hothouse, $1.95. Mangoes—Florida peppers $6.50 Mushrooms—Pennsylvania $1.60 for 3Ib. basket. Onions—H. G. yellow. 100 lbs.. $2.60 Utah Valencias 105-lb bag $2.50‘ .Span ish, crt.. $1.75. Oyster Plant—H. Q. 45c dozen Parsley—H. Q. 50e per bunch. Peas —California $7.50 per crate Potatoes—Michigan round white sack $4.25: Minnesota early Ohios, 120-lb bag. $4.25: Russets, $3.75. Radishes—Southern lon* reds 26c: hothouse buttons. $1 10. Root Vegetables Turnips, bu.. $1 parsnips, bu.. $1.50- carrots, ou $1.50. Canadian rutabagas $2 cwt.' H G.beets bu.. $1.50 Shallots—Louisiana 65c dozen. Spinach—H G bu.. $1.25. Sauash—H G. Hubbard obi. $2.60. Sweet Potatoes—lndiana Jersey bu $2.50. Tomatoes—Six-basket crt., 6: hothouse. $3 basket.

Out Our Way

Wn " i H i:' -f ] SA ' D ,. Waninram whw Mcrrmßs aer otrav. . "TQAIfriE.D DocjS.

Pan-A P ’B’ 67% 66% 67% 66% Phil Pete.. 57% 56% 56% 56*1 Union Oil.. 66% 56% 56% 56% Pure 0i1... 27% ... 27% 27% Royal Dutch 53 52 53 51% Shell 29 % ... 29 % 29 % Sinclair ... 20% 19% 20% 20 Skelly 34 % ... 34 % 34 % St Oil of Cal 59 % ... 59% 59 % St Oof N J 39% 39% 39% 39% Texas Cos. .. 57% 57% 57% 67% Trans Pete. 6 4% 4; 4% Industrials— Adv-Rumely ... ... 9% A1 Chaim.. 90% ... 90% 90% Aled Chem.l43% 142% 142% 143% Armour A. 15% 15% 15% 15% Am Can. . . 53 % ... 42 % 53 A H L pfd 52% Am S Raz. ... ... ~.. 59 Am Wool.. .. ... ... 33% Coca C01a..179 172% 174 , 172% Cont Can .. 74% ... 74% 74% Cert Prods. . . ... •• ■ 41 % Dav Chem.. 29 (p) 29% 29% 29% Dupont ...181% 179 180 178% Fam P1ay..115 114% 115 114 Gen Aspti.. 88 .... 87% §7 Int C Eng.. 53 51% 63 50% Int Paper.. 57% Int. Harv.,l49 ... 179 Mont Ward. 69% ... 68% .Sj-Jl* Nat Lead ... 173% Owen Bot.. .. ••• , -i-., 79% Riulio 59 % 69 % 59 % 59 % Wlfe?l74 i73% 174 IJU ÜBC I P .£lB% 235 238 235 US In Ale 78% ... 78% 78% Woolworth 189 ... 189 189% Utilities— A T and T 149 ... 148% 149% Am Exprss 132% ... 132% 132% Am Wt Wits 63 ... 63 63 Rrklyn Mm.. ... .. • 74 Col G and E 89% 89% 89% 89% Cons Gas .110% ... 109% 710% Interboro .... . . . ... i>o ;s No Amn Cos 46 45% 45% 4a % Peoples Gas .. ... ... 129 Phila Cos . . . . ... ... 69 % St G and E 56% 06% 56% Wn Union... ... ... 146% Shipping— Am Int Cpn .. ... .. . 39 Am Sand C 5% ... 5% ... Atlan Gulf. 41% 41% 41% 41 % I M M pfd 39% 39% 39% 39 % Untd Fruit 118% Foods— Am Sugar. . .. ... .... 82% Am Bt Sug. .. ... ... 24>* Austin Nich .. ... ... 10% Beech N Pk 69% Calif Pkg 71V* Corn Prod.. 51% ... 50% 51% Cuba Cn pfd . . ... ... 47 Cu Am Sllg 27% ... 27% ... Fleischmann 47% ... 47% 47% Jewel Tea . 54% 53% , 54% 53% Nat Biscuit 100% 99% 99% 100 Punta Aleg. .. ... ... 46% Postum .. 102 101% 101% 100% Ward Bk B 29% ... 29% 29V* Tobaccos— A Sumatra. 43% ... 42% 42% Amer Tob 121% ... 121% 122 Am Tob B 121% ... 121% 121% Cons Cigars 84 % ... 84 % 84 % Gen Cigars. . . ... ... 54 % Liggett .. 101% 100 101% 99% Lorillard... 32% ... 32% 32% R J Rynlds 120% 120% 120% 120% Tob Pro B 139% 108% 109 110% U C Stores 97 96% 90% 96% Schulte RS 50 49 % 49 % 49 %

Produce Markets

Butte. iwoolesßle nrieom _ Creatnerv best grade, i pound. 56 058 c. Butterfat—Local dealers pay 65 & 56c. Cheese I wholesale selling prices) Wib consul Daisies 24 0 25c Longhorns 24 fit 27c: Limburger. 37c. Kgfr-—uinctiy ircsb delivered lndian apolis. 40 0 42c. Poultry—Fowls. 21 023 c: Leghorns. 13 @l4c: (lucks. 16 ©lßc.

In the Cotton Market

By Thomson & McKinnon.) NEW YOLK. Dec. 27.—1 think that most of the professional traders in cotton expect a higher market this week. I agree with them. Today is the first January notice day. It may come in like a lion, it is almost certain to go out like a latnb. In other words, don't be afraid of it. This stock of cotton is the cheapest in the world. Traps Pigeons for Pastime, He Asserts Declaring he traps courthouse pigeons for pastime, W. P. McVey, 72, J. 407 Pleasant St., today said he will continue catching the birds until county officials order him to stop. Miss Laurel C. Thayer, municipal probation officer, sought to prevent McVey, a retired railroad conductor, from trapping the birds and selling them at city market. Miss Thayer, who said McVey threatened t “break her neck” if she continued to interfere, declared the practice inhuman. “You're ignorant, you don’t know the law,” McVey told her, she said. Since obtaining permission from Henry Fleming. Negro, ex-custodian, McVey has appeared with his traps early every day except Sunday. “What I got from the sale of 279 pigeons just about pays for feed and car fare,” he said. McVey declared the county commissioners were pleased with what he had done and would not look with favor on the proposal that the county feed them.

THE INDIANAPOLIS TIMES

Rational City Bank Takes Over International Bank Action Makes New York Financial Company Largest in the World.

Bn Times Special NEW YORK, Dec. 27. —Extending its operations throughout the world, the National City Bank of New York has completed plans for the absorption of the major branches of the International Banking Corporation, heretofore conducted as a separate organization. By this action the National City, which recently became the world’s largest commercial banking institution through an enlargement of its capital structure of $142,000,000 will be the first bank to carry the American flag into all corners of the globe. When the process of absorbing the corporation’s branches is completed, the National City Bank will be operated directly in seventyfive'of the most important cities of twenty-two countries. Branches of the International Banking Corporation, which will become foreign offices of the National City Bank early jiext year, include eight now established in China, the four Japanese branches, three in India and the one at Batavia, Java.

STOCK EXCHANGE STILL CONTROLLED BY HOLIDAY ERA Difficult to Predict Price Courses of Coming Year. By E. Walter Mockler NEW YORK, Dec. 27.—Christ mils is past but the market is not out of the holiday era as yet, but the coming holiday happens to fall in one of the busiest periods of the entire year. Most of this work will fall upon the clerical staffs as it includes all of the year-end accounts. So far as the stock list is concerned, trading will probably be affected as much as tight money conditions as anything else. After the turn of the year, the course of the money market is rather uncertain, under ordinary conditions one might oxpact that ftinds would be much easier. There will be a matter of lat least $1,500,000,000 paid out in interest and dividends the first of the year, not to mention numerous maturities. This money will soon lie back in the onnks and mailable for reinvestment. However, there are quite a few well posted bond and commercial money men in the market who hold that money will remain stiff for a few weeks at the beginning of 1927. Prediction Hard It is ratiier hard to predict the course of prices during the coming year. Last week the market was decidedly linn. Apparently the demand for stocks is persistent and genuine, and it would not be at all surprising if this were continued through the present week, or at least for the first two or three days. Among the features of the preChristmas market, the motors stood out prominently. After a long siege of selling, this group has come into its own again as a market medium. The present strength is due in largo part to the oversold positions noted at the end of the selling period and the fact that the coming autombile show probably will be attended by good support In the stock market of the securities of the larger companies. Nothing Significant Barring technical consideration, the market has nothing especially significant to consider during the coming week. Important matters, such as confirmation of the Steel corporation dividend rates, the various dividend announcements on rail stocks such as Rock Island. Atchison aand others, cannot be settled until after the turn of the year.

—By Williams

Activities of the London branch will be combined with the bank's offices in the British capital. Branches in Spain and the Philippine Islands will continue to operate under the control of the corporation and its offices in London, San Francisco and head office in New York will be maintained. Foreign Offices These members of the National City Bank organization will make an important addition to its list of foreign offices, which already includes twenty-five on the Island of Cuba, seven in the Dominican republic and others in Argentina, Belgim, Brazil, Chile, England, France, Italy, Panama, Peru, Porto Rico, Uruguay and Venezuela. Four thousand correspondent banks will be scattered throughout the world, while closely allied to the bank is the National City Company, with more than fifty offices in the principal financial cehters of the United States and Canada. With the consolidation of its widespread activities, the National City Bank will provide banking service for trade and industry the world over, the scope of which has been unequaled in financial history. Its activities will range from financing the sugar crop of Cuba to supplying* funds for Siberian fur trappers. These will be supplemented by one of the most complete foriegn exchange organizations of any American bank. The International Banking Corporation. whose activities are now being taken over by the National City Bank, was founded in 1901 to specialize in foreign busipess. In addition to its capital stock of $5,000,000, owned entirely by the bank. It has surplus and undivided profits of approximately $10,000,000 more. Upon purchasing the assets of the Asia Banking Corporation, it liecame the only American banking institution to operate throughout the Orient and the largest American bank to be engaged in tne foreign field. First Place Long holding first place among American commercial banks, the National City has at the same time steadily expanded its foreign organization to a position of equal Importance in this field. Its first foreign branch was opened at Buenos Aires in 1914, and since that time it has extended its operations into nearly every phase of commercial activity throughout the world. The history of the National City Rank spans virtually the entire financial history of the United States. In effect, it was the successor of Alexander Hamilton’s First Bank of the United States, which passed out of existence in 1811, leaving a need for anew and important barking institution in New York City. Two days before the Jjnited States declared war on (treat Britain, the new bank was incorporated on June 16, 1812, under the title “The President, directors and company of the City Bank of New York.” War of 1812 The first meeting of the board of directors was held on June 19, 1812, at Tammany Hall—then the favorite meeting place for business organizations. Samuel Osgood was elected the first president, receiving a salary of $2,000 a year while the first secretary of the bank received SSOO more. The authorized capital of the bank was $2,000,009 in shares of SSO par value but it began business with a paid-in capital of SBOO,OOO. The first important activity of the bank was its assistance in financing the War of 1812 when it took up $1,200,000 of war loans, at that time a tremendous undertaking. Slowly building up its resources and expanding Its business, the National City survived without difficulty all the financial crises and money panics of the United States until It became firm’y entrenched in its place at the head of the country’s banks. With the approval by stockholders on Jan. 11 of a proposed $25,000,000 increase in stock, the bank will have a capital of $75,000,000, surplus of $50,000,000 and undivided profits of nearly $18,000,000, a total which tops the figures of London’s largest banks.

NEWSPAPER MEN TO BEINITIATED Six Will Be Taken in by \ Sigma Delta Chi. Six Indianapolis newspaper men will be initiated by Sigma Delta Chi, professional journalistic fraternity, tonight at the Chamber of Commerce at 5:30 p. m. Three national officers, including Roy L. French of the University of North Dakota, national president, will conduct the initiation. Those to lie initiated: Boyd Gurley, editor-of The Indianapolis Times; Earl Mushlitz, assistant managing editor of the Indianapolis Star! Samuel Ochiltreee, Associated Press correspondent; Corbin Patrick of the Star, Maurice Edwards of the Assoiciated Press and Robert Kellum of the Indianapolis News. They will become members of the Butler University chapter. Fifty members of the fraternity, including representatives of the Indiana. Purdue, De Pau>v and Butler chapters will attend a dinner following. The Indianapolis alumni chapter sponsored the dinner in honor of French and the initiates. John H. Heiney, alumni secratary, arranged the banquet. James A. Stuart, managing editor of the Star, national first vice president; Edwin V. O’Neel, a national councilor, and Brown will aid French in the ceremony.

Bulk Sell at $12.10-Re-ceipts Light in Other Stock. —Hog Price RangeDoc. Bulk Tod. Beceint*. 18. 11.80 @11.90 11.90 3,600 ■ip 12.00 12.10 4.600 il. 11.90 11.90 5.600 22. 11.80 It.Bo 5.500 33 11.85 11.90 3.500 34. 12.00 12.10 2.000 27. 12.440 12.50 4,500 A sharp advance of 40 cents on the hundredweight was made in the hog market at the Indianapolis stockyards today. At Chicago the increase averaged about one-half of that here. The fresh run of porkers was 4,500, an increase over the last two market days of the preceding week at the local exchange. To the current receipts were added 110 head held over from Friday. The bulk of today’s sales were at the rate of $12.40. The top paid Was $12.50. While packing sows were not quite established, they were quotably higher. This placed them somewhere about slo@ll. Ilog Price Range Like the past week, bulk and top prices applied only to meat weighing 120-300 pounds, $12.40 per hundredweight. No price was quoted for heavier material. Receipts in all other departments were still low. Only 400 cattle reached the stockyards this morning. Prices were steady to strong on a comparatively quiet market. These included beef steers, [email protected]; beef cows, [email protected]; low cutters and cutter cows. [email protected]; bulk stock and feeder steers, [email protected]. Calves Steady Good veal was scarce, yet the market was active, prices being steady with Friday’s high time. For good and choice vealers, slfi down was paid. Best vealers were $14.50@16. Only a few head of sheep were on sale, prices quoted as steady. Three hundred head were received. Native lambs brought sl2 down; top fat lambs, sl2; bulk fat lambs, $11@12; bulk cull lambs, $5.50@9; ewes, $G down, bucks, s2@4. —Ho*— Receipts 4,500; market higher. 120-300 lbs $12.40(ji, 12.50 I 300 lbs. up Indefinite —Cottle— Receipts., 400; market strong. ; Beef steers $7.50010.50 Bulk stock and feeder steers. 6.50 <w 7.75 Beef ecus 5.000 6.26 Low cutters and cutter cows 3.500 4.75 —Calves— Receipts, 200; market higher. Best vealers $14.605* 16.00 Heavy Calves 6.50@ 9.00 - Sheep Receipts. 300; market steady. Top fat lambs $12.00 Hulk fat lambs 1100(5:17.00. Hulk cull lambs 5.50 0 9.00 Ewes 6.00 down Bucks 2.00 0 4.00 Other Livestock EAST BUFFALO. Dec. 27.—Hogs—Receipts, 5 500; holdovers. 6,500: market 35 UoOc big her; 250 to 350 lb*.. 112.6041 12.75: 200 to 250 lbs.. 160 to 200 lbs.. $12.75013: 130 to 160 lbs. $12.75 (<t 13.25: DO to 130 lbs., $10.50 4c 11.25. Cattle—Receipts, 1,000; calves. 850; cattle steady; calves 50c up; beef steers. $8.50 610.35: beef cowsr $6 50 6( 6.50: low cutters and cutter cows, $3 6r5: vealers. 16 016.50. Sheep Receipts. 11,800; market steady: top fat lambs. sl3; bulk fat lambs. $lO 011; bulk cull lambs, SOO7. LOUISVILLE. Dec. 27.—Hogs Receipts. 1.200; market for roughs and stags steady: others 35c higher; tons, $12.25. Gattle—Receipts. 900; market steady. Calves—Receipts. 200: market steady: good to choice. $10.50 012: medium to pood, $8,50 6(10.50: outs. $8 50 down. Sheep—-Receipts. 50: market steady: ton lambs. $11011.50; seconds, $7 6(7.50; eneep. $505.50.

Indianapolis Stocks

—Dee. 27 —Stack*— . Bid. Aik Am Central Life 350 Amcr Creosoting Cos pfd... 101 Aw Rumely Cos com 9% 10% Ad Rumely Cos pfd 33 34 Bglt it R com 65% 68 Belt R R nfd 55 60 Cent Ind Power Cos pfd... 87 90 • < nturv Bid*? Cos nid 100 Cities Serv Cos com 49% ... Cities Service Cos pfd 92 ... Citizens Gas Cos com 49 Vi 60% Citizens Gas Cos pfd 106% ... Commonwealth Loan Cos pfd 97% ... (•.mutable SiH-urities Cos com 6} ... Hook Drug Cos com 28% ... Indiana Hotel com 114 ... Indiana Hotel pfd 10(1 ... Indiana Pipo Line Cos 64 ... Indianapolis Gas 56% tiO • non.* ui Norm western pfd. 48 ... Indianapolis St. Ry 38 41 interstate Pub St r pr lien pi.. 98 99 6tt rrriants Pub I 'til Cos p1d..100 ... Progress Laundry com .... 21% ... Pub Sav Ins Cos 15 daub rervmzei nfd 48 ... Real Silk Hosiery pfd 96 100 Standard Oil Cos Ind 69 ... Sterling Fire Ins Cos 15% ... T H I &. E com I T H ,' &/ t: pfd 23 TiflfLCo Pfd 89 Union Trac of Ind com ...... 1 Union Trac of Ind Ist pfd.. .. 10 Union Trac of Ind 2d nfd.. .. 2 • Onion Title Cos com 88 Van Camp Pack Cos pfd... lo ... Van Camp Prod Ist pfd.... 91% 90 Van Clime, Prod 2d old. . ... 95 Wabasii Ry Cos com \ 41% ... Wabash Ry Cos pfd 75 % ... —Rank Stork?— Aetna Trust and Sav C0...115 ... Bankers Trust Cos 132 .... Qll.v Trust Cos ...i4O .... Continental National 115 ... Farmers Trust Cos 240 ... Fidelity Trust Cos 160 ... Fletciier American 169% ... Fletcher* Sav and Trust C0..250 Indiana National Bank ....268 272 Indiana Trust Cos 230 250 Livestock Ex Bank 162 172 Marion County State Bank.J.7s ... Merchants Nat Bank ......325 ... Peoples State Bank *290 ... Security Trust 250 ... State Savings and Trust 90 Union Trust Company 403* 428 Wash Bank and Trust Cos. .157 ... —Bonds— Belt R K and stockyards 4s 90 .... Broad Ripple 6s 79 ... Centra! Indiana Gas 65.,.. 98 ... Cent Ind Power Cos 6g 99 ... Cent Ind Power Cos 7s ...... 99 ... Citizens Gas Cos 5s 100% 101% Citizens St. R R 5s 85 88 % Home T and T of Ft W 6s. .103 ... Indiana Coke and Gas 6s .. .102% ... Indiana Hotel 5s 98 ... Indiana Northern 5s 2 ... .' nd R.v and Lt 6b 95 ... Ind Service Corp 5s 92 % ... Ind Union Trac 5s 4 ... tr.dpls Col & So 6s 99 101 Indpls Gas Cos. 5s ....... 90 % ... Indpls Lt and fit os 101% ... Indpls & Martinsville 55... 63 ... Indpls Northern 5s 24 25% Indpls & Northwestern 55.. 65 ... Indpls & S E 53 2 ... inools Hheibv & S E 5s ... 2 ... Indpls St R.v 4s 64 66 Indpls Trac & Term 55.... 94% 96 ndpls Union Ry 5s JOl ... Indpls Water Wks Sec Cos.. 99% ... Indpls Water 5% 103% ... Indpls Water 4%s 94% - 94% Interstate Public Service 6s. 102 ... Interstate Pub S Bs 6%5..104 ... T H T*aifd £t'ss '. . .7".'. U$ Union Trac of Ind 0s 20 22 —Liberty Ronds—--Ist 3%s 100.84 100.94 Ist 4%s 102.60 102.70 2d 4%s 100.84 100.96 3d 4%g 101.30 101.40 4th 4% 8 ...>*• 103.00 103.10 U. S. Tr. 4%bX 109.40 109.50 U. S. Tr. 4s 105.54 105.64 U. S. Tr. 4% s 11)2.60 102.70 ROAD ISSUES PRIOR LIENS Bii United Press WASHINGTON, Dec. 27.—The St. Louis-San B’rancisco Railway was authorized by the Interstate Commerce Commission to issue $2,127,100 prior lien mortgage bonds! ka pledged as colliterai for aotaik "

When Ostrich Isn’t an Ostrich

J J V— L *

Now if you were a zebra or a wildebeest on the African veldt and saw this strange creature approaching what would you do? So do some of the zebras! 'Actually, it’s nothing but two bushnien who were encountered by the Denver expedition stalking game under the camoullage of an ostrich's feathers and stuffed neck.

ATTACK AMERICAN NICARAGUA STAND (Continued From Page 1) tion other than the United Press, they are frankly alarmed by alleged Mexican support of a growing nationalist and anti-Yankee movement throughout Central America. BRANDS MOVE UNFAIR Nicaraguan Liberal Leader Gives View of American Campaign. Bv United Press MEXICO CITY. Dec. 27.—Saying that it would require 15,000 American soldiers to put down the revolution in Nicaragua and calling charges of communism a smoke screen for an unfair campaign, Juan Bautista Saeasa, Nicaraguan Liberal leader, today protested against the landing of United States Marines at Puerto Cabezas. The protest was issued through Dr. Pedro Zepeda, minister from the Sacfisa government to Mexico, in the name of the “Liberal government and the Nicaraguan people.” Denying aid by Mexico or Bolshevists. Sacasa’s manifesto said Admiral Latimer, Secretary of State Kellogg and perhaps President Coolidge well understood that the revolution was being maintained by a “group of free men, ready to sacrifice themselves for autonomy and the liberty of their countty.” CONDEMNED BY PRESS German Newspapers Criticize U. S. for Action in Nicaragua. Bn United Press BERLIN, Dec. 27.—German newspapers today condemned the landing of United States sailors in Puerto Cabezas, Nicaragua. There were many references in the press to “United States imperialism." The Berliner Tageblatt described^the incident as a “bloody Christmas in Nicaragua.” The Montag Morgan headlined the -story, "Americans Land Troops for Christmas.” Several newspapers charged that, the United States was encroaching on the independence of Soqth and Central American republics. CHILEAN PAPER CRITICAL Predicts Revival of Apprehension Over United States’ Intentions. Bu United Press SANTIAGO, Chile, Dec. 27.—Apprehension regarding the United States’ intentions, La Nacion said editorially today, will be revived among her neighbor republics by the landing of American sailors at Puerto Cadezas, seat of the Liberal government of Nicaragua. This landing at Puerto Cabezas, said La Nacion, constitutes an act of partiality in favor of the Diaz government and amounts to intervention in the international affairs of Nicaragua instead of an act to protect Americans there.

Wisconsin’s Junior Prom Queen

Every inch a t|ueen, is Miss Helen Ann Hughes, junior at the University of Wisconsin. She’s just been selected queen of the junior pn>m at the university. She lives In Lima, Ohio.

PAGE 11

4 BRANCHES FOR AUTO LICENSES 112 Distribution Points for 1927 Tags. Four branches for the distributioi of 1927 auto license plates were established today in Marion County according to Mark Rhoads, directoi of the license division of the secretary of State's office. This brings the total number of branch distribution points to 112. New local branches are at FortySecond St., East Side, Fountain Square and Belmont Ave. Rtale banks. All who seek plates outside the Statehouse should take along their certificate of title. Rhoads said. Secretary of State Frederick K Sehortemeier apd Rhoads will go to Lawrenceburg, Ind.. Tuesday to inspect the plant of the National Color Type Company, second low bidders on the 1928 plates. The low bid was by a California concern, hut the freight and inconvenience of buying on the west coast makes up more than the difference in cost. Schorlomeier favors the selection of an Indiana firm.

GRAND JURY SLOW IN FILINGREPORT (Continued From Page 1) nas arrived half-hour after the other members. Scliaf Sees Remy Joseph C. Schaf, one of the members, conferred with Prosecutor Remy before goin gto the jury room. At 10:10 a. m., Prosecutor Remy and Special Prosecutor Ralph K. Kane, were called into the jury room. Later Special Prosecutors Fred C. Gause and Arthur L. Gilliom, attorney-general of Indiana, went into the room and were there until past the noon hour, when the jury went out to lunch. It was said this morning that the report was not touched over the holidays, and that revision of the document would take place in the grand jury rooms between 9 and 10 a. m. Instructions given the grand jury last Wednesday by Judge Collins, ordered the final report in the matter today at 10 a. m. Decision of the jury to make a report Friday afternoon came after a morning of wrangling in the jury rooms. Reports were current that the vote for indictments into the graft probe rtood four to two part of the time; later, five to one, and then” returned to four to two. It takes five votes to return indictments. Some mention of the controversy in the jury rooms is thought to have been made In the report Friday. It is said that the refusal of the court to receive it was based ou this. Before the rejefcted report was made. The Times, Friday, printed the statement of D. C. Stephenson, made to Remy and Deputy Prosecutor Sheaffer at the Michigan City prison, that: “You are not going to get : -ywhere with your grand Jury. Every vote it takes on any lndictr- nit will stand four to two.” Charges in Letters Stephenson is serving a life sentence for murder of Madge Obcrholtzer, young Indianapolis woman. The original statements charging graft and corruption in political circles were made by Stephenson In letters smuggled from the prison. They wese made public by Thomas H. Adams, Vincennes (Ind.) publisher. When the first report was turned over to Judge Collins he said: “This report is not one which could be re ceived in this court. “The last two lines of this report are in violation of your oath. I suggest that the grand jurors return to the jury room and revise the last few lines.” Prosecutor Remy then asked to see the report, but was turned down by the court. “Judge, may I see the report 7“ he queried. Remy Denied Report "Any attempt to see this would be in violation of the instructions and law under which the jury it( operating,” the court saidJudge Collins then called Remy into conference in his chambers. Remy was followed, by Wilson Furnas, jury foreman. The jurors refused to continuo with the report Friday and adjourned after calling Remy into the room for a few minutes. Tliis was the first time Remy was called into the grand jury room since Sheaffer was “invited” out on Thursday by O. F. Calvin, jury member. Sheaffer attempted to enter while Attorney General Arthur L. Giliiom, special prosecutor, was there, but Calvin told him “he was not needed.” Petit Jurors Names of petit jurors selected for Criminal Court wero: A. M. Parry, 1147 Consolidated Bldg.; Otto Deluce. 1038 Madison Ave.; T. R. Baker, 3104 N. Pennsylvania St.; Fred Appel, 500 B’letoher Savings and Trust Bldg.: Herbert Battema. R. R. M. Box 2: George Traub, 504 W. Washington t.; Harry Hersey, 33G0 N. Meridian St.; Frank Greenwld, R. R. E.; Alexander Johnson. R. R. B. 1, Box 83; Charles Patton, 472 Century Bldg.; Charles Hutchinson, 9GO N. Delaware St., and John B. Haverstick, R. R. L. Box 1, Indianapolis. One hundred and fifty-six names were chosen for the various juries. Losche explained that the jury bov was running low on names and substitutidhs had to be made from a list selected from the taxpayers’ sheets by the jury commissioners. These were inserted in the box while the drawing was being done. ORMISTON GETS DELAY ~ Bu United Press LOS ANGELES, Cal., Dec. 27. Pleading his own case, Kenneth G. Ormiston, co-defendant in the Aimee Semple McPherson conspiracy cane, appeared In Superior Court here today and had his arraignment postponed until Jan. G. It was the second time ho had obtained a postponement. Ormiston told Superior Judge Victor R. McLucas that ho had been unable to obtain satisfactory counsel thus far requested arraignment be put over' for this reason.