Indianapolis Times, Volume 38, Number 239, Indianapolis, Marion County, 11 January 1927 — Page 13

JAN. 11, 1927

PORKERS PARTLY REGAIN PREVIOUS LOSSES

•ACTIVE BORROWING BIGS INCREASED LOANS JIN ISSUES No Nervousness Felt as Stocks Open on Exchange.

Average Stock Prices

Average of twenty industrials Monday was 160.56, up .71. Average of twenty rails, ) 20. i .1. unchanged. Average of forty bonds. 06.40. up .03, new high. Bu Unite! Press ■ NEW YORK, Jan. 11.—The increase of $30,800,000 in loans on stocks and bonds at. this center in the week ended Jan. 5 was largely due to active borrowing by unTJterwriting houses in preparation for new offerings. As H.hese were absorbed in voracious fashion, a considerable reduction in loans has taken place since the middle of last week. In view of this situation there was Naturally no nervousness In the ™nain body of stocks at the opening of the stock exchange today over the loan expansion shown in the Federal reserve statement given out after yesterday’s close. Although call money declined to 4 per cent in the late morning after renewing at 4% per cent., stocks continued to move irregularly. This failure to respond to easier credit conditions was seized upon by the bear crowds as a pretext, for further attacks on the speculative leaders around noon. Steel, General Motors, Baldwin and other industrial leaders were ' forced down one to three points from the highs established on Monday’s advances. General Electric resisted selling pressure better than other pivotal issues, supported by the statement that the 1926 report would show bookings and billings Substantially In excess of estimates heretofore made. /

Banks and Exchange

—Jan. 11— INDIANAPOLIS STATEMENT bocal bank clearing's were $4,230,000 debits. $7,700,000. NEW TORK STATEMENT NEW YORK. Jan. 11.—Clearimrs, sl, 190,000.000; balances, $105,000,000. FOREIGN EXCHANGE Bv United Breen NEW YORK, Jan. 11.—Foreurn exchange opened lower. Sterling, $4.8413-10: ■ks .07; Belga, 13.89 c, off .00%; marks. ■S.74c. ______

Commission Row

PRICES TO RETAINERS FRUITS Apples—Fancy Grimes Golden, bbl.. $4.75; Jonathans, bbl., s4.7i>; Delicious. 40 lb.. $2; Northern Bpys 81-00. ~ Cranberries—Jersey Howeß, '.a bbl.. $4.60® 5. „ _ i , , Coconuts—Fancy Jamaica* sack ot 100. ® s sates—Bulk, 1 Off? lie lb.: Fards. 12 lbs.. 2.40: Dromedary. SO.IO. pigs—Smyrna, SI .40® 2.40; California. SI 2o® 1.75; strings. 12c; rings. 14c: stewing 14c; Sweetheart. $0 case. Grapes—Fancy Emperor sawdust kegs S5; California Almira. $0.50 a. keg. Grapefruit—Extra fancy. [email protected]; Honey—24-case crate, $4.60® 6. Kumquats—Florida. 15® 20c qt. Lemons —California. $5. Oranges Florida,[email protected]: California navels. 82.25 @6.75. Pears —Oregon D Anlous. So 60 box. Pineapples—Cubag. crate, [email protected]. Tangerine—Florida. $2.25® 3.50. Strawberries —Florida. 85c qt. SEA FOODS ✓ Oysters—Gal.. [email protected]. VEGETABLES Artichokes —California, $1.26 dozen. Beans —Florida green. per hamper. $3.50 ® 4.00. Brussels Sprouts—Fancy California. 26c lb 'Cabbagi—Holland seed. 2 tic lb.: red cabbage 6e lb Cauliflower —Crate. $J tV'lerv —Michigan, squares, $2; Michigan jumbo, washed. $1 dozen: California. " '’celery Cabbage—-Box. $2 Cucumbers —Florida. $2 dozen. Eggplant—Florida. $2.60 per dor,. , Garlic —California. 12Vic lb. Kale— Virginia Brocoli. $2 bbl: H. G.. '^Lettuce—lceberg. et„ $4: H. G., hothouse. $2.40 15-lb. basket. Mangoes—Florida peppers. $6.50 crate. $1.76 peck. Mushrooms—Pennsylvania. $1.76 for 3 Onions-—H. G. yellow, 100 lbs., $3: H g. red. $2.60; Spanish, crt.. $2. ■k Ovster Plant —H. G.. 45c doeen. ■ Parsley—H. G.. 60c per bunch: southern, 90c bn. pnag—s6.so®7 a hamper. Potatoes—Michigan round white, sack. $4.50; Minnesota early Ohios. 120-lb. bag. $4.25; Russets $3 75. . _ _ Radishes—Northern long reds, 30@30e; hothouse buttons, $1.15. Rhubarl—-California $2 20-lb. box. Root Vegetables Turnips, bu., $1; parsnips, bu.. $1.60: carrots, bu. $1.50; Canadian rutabagas $2 cwt.: H. G beets, bu. $1.60. Shallots—Louisiana. 06c dozen. Spinach—Texas. st.4o bu.. Squash—ll. G. Hubbard, bbl., 82.50 Sweet Potatees—lndiana Jersey, bu.. f2.76: mediums. $2: Nancy Halls. $1.75® .25. Tomatoes —Six-basket crt.. [email protected]. In the Cotton Market (By Thomson A McKinnon) NEW YORK, Jan. 11.—The opening yesterday was the only soft spot of the pay. when some profit tailing sales, just under 13.00 for March were completed, it was surprising to find so few contracts olferert above that priee. The, market is taking up the slack between New York and southern markets, ft looks higher. Local Wagon Wheat Local grain elevators are paying $1.95 lor No. 2 red wheat. Other grades are Purchased on their merits Peppermint Oil NEW YORK, Jan. 11.—Peppermint oil— Natural! $4 0Q®4.76- U S P.. $5.25® 5 00 Legal Notices •)ARD OF ZONING APPEALS—NOTICE OF HEARING Notion is hereby given that Moore & Kirk have filed with the Board of Zoning Appeals a petition asking permission to mamtairi funeral parlors on the premises at 3445*47 College Ave. A public hearing will be held bv said Board In Room 401 Cfty Hall, it i r>. m., Tuesday. Jan 18. 1027, at which tune and plaoe all Interested property owners win b© given opportunity to be heard with reference to

.New, York Stocks " (By Thomson & McKinnon)

—Jan. 11— Railroads— . „ Prey. High. bow-. 1 .00. Close. Atchison . .10*% 164 W 164"* 165 Atl Cat L. .100 ... 100 101 B&O ... 100 % 108% 100% 108% Can ad Pac 167% . .1, 166'* 187% C& O ... 160% 160% 160% 160% C& NW . . 81% ... 80% 81 C R I A P. 73% 72% 73% 73% Del & Hud 174% ... 174% 174% Del & back 142 ... 142 142 Erie. 40% . 40% 40% Erie, ist pfd 54% 54% 54% 645* Gt Nor nfd 85 . . . Lehisrh Val 101 U 101 101 K C Bouthn b & N 133% MK&T. .32 % ... 32 % 32 % Mo Pac pfd 01% ... 01 01% NY Cent. 141% ... 141 141% NY NH & H 42% . 42% 42% North Pac. 83% 82Vi 82% 82% Nor &Wo 157% ... 167% 158% Pere Marq .117 110 117 116 Pennsv ... 57% ... 67(3! 67% Reading ~90% ... 96 06 So Railway 124% ... 124% 125 Sou Pacific 100% ,109% 109% 100% St Paul 10% St Paul pfd 20 % ... 20% 20% St L ft S F 62% St b& 8 F 102% ... 102% 102 Union Pac 162% ... 161% 161% Wabash ... 42 ... 42 42 Wabash pfd 78% 78 78 Vi 78% Rubbers— Ajax 10 9% 10 10,% Fisk 17% 17 17% 17 Goodrich ..48% ... 47% 48% Goodyr pfd 100% ... 100% 100% Kelly Sngfld 11 % ... It 11 % U 8 Rubber 62 61% 01% 61% Equipments— A C and F. .. ... ... 102% Arner boeo 108 ... 108 108% Am Stl Fdy 44% ... 44% 44% Bald 1.000 .153% 152 152 153 Gen Elec.. 84% ... 84% 84% bima ... ... 64 Vi N Y Airbrk . . ... ... 42 Pr Stl Car.. .. 30% Pullman ..186 ... 185% 186% Wst hA B. . 135 % 136 135 % 136 % Wsth El . . 70 % 69 % 70 70 Steels— Befhl 47% 47% 47% 47 % Colo F*u .. 45% • ... 44% 45% Crucible ... 81 80 81 80% Gu St Stl 54 % Ph R C & I 45 41% 44% 44% Ren Stl .. 60% 58 % 60% 58 % Sl-Shef 131 Vu 130% 131 131 Un St Stl 150% 167% 158 158% Alloy .... 28 Vj .•• 28% 28 % Vanadium. ... ... ... 38% Motors— Am Bo ... 16% .. 16Vi 16% Chandler ... 22 % ... 22 23 Chrysler ... 42% 41% 41% 42% Con Mo .. 13% 13% 13% 13% Dodgo .... 26 Vs ... 20 V* 20 % Fisher B 31% Gabriel ... ... 30 % Gen Mo ..154 % 152% 153 154% Hudson ... 55% 54% 55 56% Hupp .... 23% 22% 23 23 Jordan ... 21 ... 20 % 21% Mack 94% 93% 03% 04 Mag-Par .. 22% ... 22% 22% Moon 11 ... 11 11% Nash 69% 07, 08 Vi 70% Packard . . 30 V* 35% 36 Pi Ar *... 22 ... 23 22 % Studeb ... 65 % 64 Vi 56 55 % Ste-War ... 65 % ... 65 % 66 Timken ... 81% ... -SO% 81% Wil-Ov ... 23 % ... 23 % 23 % Wh Mo 50% ... 50% 66% Mining— Am 9m ~14t% ... 139% 141% Anaconda . 48% ... 48 48 Vs Oer De P. . 62% ... 62 02% Inspir ... ... 25 % Int Nic .. 43% 42% 42% 43% Kennec .... 01 % ... 61 % 61 % Tx G & S. . 52 % 62 Vi 52% 52% US Sm .. 34 % ... 34 % 35 Oils— At Ref 112 Cal Pet ..31% ... 31 31% Freep Tx .. 38 % 37 % 37 % 37 % Houston . . 60 % ... 60 % 81 Ind Oil 31% ... 31% 31 Marland Oil 57 V? 57 57 % 67 % Mid Cont P 30% .... 35% 36% (P-A Petrol ... ... ... 5 P-A P (Bt. 63% 03 63 03% Pacific Oil ... , 1% Phillips Pet 57 06% 56% 56% Union Oil.. 65 % .. . sr>% 6q% Pure 0i1... 27% 27% 27% 27% Royal Out. 63% ... 52% 53% Shell 29% 29% 20 Vi 29% Sinclair ...19% ... 19% 15% Skeily .... 36 V* .• • 3:> 1* 30 % S Oil or C.. 58% 58% 58% 58% S Oil of N J 38% 37% 38 38 Tex Com.. 56 % 60 Vi 56 % oh *4 Trans Pet.. 4Vi - ... 4% 4% Industrial!— Ad Rumely ... ... ... 11 Al!led G Ch!: 139 i37 437 138$ Amer *Can. AH&bpfd... ... 52% Am S Raz. 63 ... o~ 63% Cen beath ... .. , ... ,10% Coco Cola 17}% 11% Cont Can. 71% 71 71 70 •,* Fam Ol Play. iiH iii% !(?$ 112% G Asphalt. 81% 86 % Bos 80’*. In Comb En 48% 47% 48 % 48 % Int Paper. 59 ... 50 , • ’+ In Harv.. 141% ... 141 141% May D Stor 60 ... 60 ... Mont Ward 00% ... ,52% .22% Natl Lead 167 % ... 167% lbg Owen Bot ... ..... ••• 78% Radio . . . 53% 52 % ,53 ,63% Rem Type 115% 115 115% 115 Real Silk. . 44 ... 44 44% Un Dr ...170 ... 169 169% US C I P. 219% 218218% 219% TT S 7 Al. . 81% 80% 80 % .79% Woo! w ....178 176% 170 Vi 178-;* A tTt~154% 164 154% 154% A Exp •• • *i! 13} A Wa Wk . . 65 ... 65 6o Bklyn M.. 69 ... 65 % 68 % Col Gi E. . 00 % •. . . 90 90 Cons Gas ..108 108% 109 19?,, Interb ... .. . 46 % No ACo .. 40% 4040% 46% Pro Gas ... ... 127% Phila'Co . . .. ... .ji,, , St G 4 El . . 55Vi ... 55% 65% Wstn Un .... ... ... 14,7% Shipping— A I Cp , ... ... 37 % ASh&C.. ... . ... ... , 6% Atl Gu .. 41% ... 41 % 41 I M M pfd 38% ... 38 38 Un Fr 117% Foods— Am Su ... 82 % ... 82 82 % A Be Su 24% Aus Nic 9 % Be N Pk 68 % Cal Pkg ... 08% ... 68% 68% Cn Pds ... 47% ... 47% 48 Cu Ca pfd . 49 W 49 ... 49 % Cu Am Su.. 27% ... 27% 27% Fleischm .. 48% ... 48% 48% Jew Tea ... 67 % ... 57 58 Nat Biso ..101% 101% 301 101 % Pim Ale ..45 ... 46 45% Postura ... 98 % 97 % 97 % 97 % Wd BU B 31

Freckles and His Friends

~~ t n t xt —t —7 —-t—. tTuoosyrwv \ Pd’vovD live it if ) .„, v l) via BEPOOV CABO LJOUt-D ) VO SAVE A DOLL AO \ ) CeE/AINLy y fit f f ( 3E LOTS BET7EO J FOC VOL), WOULDMT J- —L ---- ■—-f" i<c f f P'l ( 7 ] ‘ -'well,! DID.'VOO A LWSU-.Z DIDMT ) * SAID VOU’D SIMMS A |7 ( RDIM/S'ir'/ J DOLLAC. IP 1 BQOO6Ar & A <SOOD OEPOOT PCOW J3 —T \ —*- SCHOOL V ’ * J fa

Tobaccos— Am Sum .... ... .... 44% Am Tob ..121% ... 121% 121% Am Tob B 120% Cons Cig ... 83% ... 83% 84% Gen Cig ... 64% ... 64% 54% biggott 100% ... 100% 100 borillard . . 32 % ... 32 V* 32 % R .1 Rryn.... ... ... 120 Tb Pd B ..109 108% 109 109 Un Cig St. . 97 ... 97 97Vi Seta R 9... 48% 48% 48% 49 WHEAT CONTINUES WITH MIXED TONE l.iverpool Lower Than Expected—Corn> Oats Higher. Bu United Press \ CHICAGO, Jan. 11.—Sentiment in wheat was mixed with several Important cross-currents In the statistics that, made the average operator uncertain as to the real trend of the market. At the opening prices were % to %c lower than yesterday's close. Liverpool was somewhat lower than expected. Limited outside support on the bulges makes the market susceptible to attacks from a few large local professionals and advances are hard to hold on wheat. Corn opened Vic Higher. This grain had strength from local operators, who have been %nable to get anywhere on the bear side of late, and .selling pressure was limited at the opening. Oats opened %c higher. There was no news to affect the market either way. Provisions opened higher. Chicago Grain Table —Jan. 11— WHEAT— prey „ High. Low. 11:90. close. May 1.38% 1.38% 1.38% 1.38% July 1.30 H 1.29% 1.29% 1.29% S<? CTtRN—” I 1,20 l -20% 14tf% May 81% .8- .81% .81 July „S;. .84% .85 .84% Sp r?ATg A>7% .87 .87% ... May 49% .49 .49% .49% Ju &yb—’ ’ 47% 7 * Max 102% 101% 1.01% 1.01 JU £aRD-L'‘ 89 _.99% .98% Jan 12.50 12.35 12.45 12.25 Mar 12.00 12.05 12.45 Ma j*irtg — l2-90 1207 I ~' Bs 12 85 Jan 1510 15.10 16.00 May 15.20 15.10 15.13 15.00 CHICAGO! Jan. 11 —Primaiw receipts: JH'fab 707’.000, against 674,000; coin. 8, 0.000 against 9117.000; oats. 486.000. against 8-1.000. Shipments: Wheat 373 - 000, against 514.000; com, 267.000

Produce Markets

Butter (wholesale price) .Creamery, best grade, a pound. 61@52e. Butterfat—Local dealers pay. 61c a pound Eggs—Strictly fresh delivered at Indianapolis. 36 © 35c. Poultry—Huns. 22@23c; bighorns. 16 @18c: ducks. 174822 c. CLEVELAND. Jan. 11.—Butter Extras. 48 %c in tub lots; standards. 47 %c. Eggs—Extra. 4oe: extra firsts. 41c; firsts, 40c: ordinary, 35c: pullet, 31c; refrigerator extras, 34c: refrigerator firsts. 32c. Poultry—Heavy fowls, 28@30e; medium 23@25c; beghorns, 20 (a, 22c; hea'V spnngs. 28(ft30c; ducks. 32©34e; geese. 24 <d 26c: cocks, 104817 c: turkeys, 38® 4lc. Potatoes—lso-pound sacks round Maine, s4.B*>; New York range s4jnia4.2s: Michigan. $4.10© 4.15: Minnesota and Wisconsiu. $4; Ohio buGiel sacks. [email protected] 120-pound sacks Idaho Russets, selected. $4.50; ordinary i J® ll ' ,13. —Butter—Receipts. 11,OSo- creamery. 49c; standards. 47 %e; firsts, 454840 c; seconds 404843 c. Eggs Receipts. 0,016: ordinaries. 354837 Ue: flr s,s ' 3,8 y ® c: seconds, 3K'.,c Cheese—Twins, 2.>0: Americas, 20 Vi © 28%c. Poultry—Reeeipts. 4 cars: fowls, heavy 2/e; small 20c; springs. 26c; ducks, heavy 30c: geese. 21c; turks. No. 1. 30c roosters. 19c. Potatoes—Receipts, arrivals 1.131 cars: on track 253: in transit 575Wisconsin sacked - round whites. $2.25© 2.40: mostly $2.30©2.35: Idaho sacked russets. $2.76©3: TTTpst.vl $2.80©2 90 Sweet potatoes—Sl ©2.25. KEW YORK Jm. 11.—Flour—Quiet and firm. Pork—Firm; mess. $33.50. bard— Steady; middle west. $12.80© 12.90. Sugar —Raw, quiet: 90 test. 5.18 c: refined, dullgranulated. 0.85© 6.50 e. Coffee—Rio No' 7, lo%c: Santos No: 4. 19%@19%c. Tallow—Dull: specials to extras. 7%©7 , ic Hav—Steady: No. 1, $1.30: No. 3.' $1 © 1.20: clover. $1.05©1.30. Dressed—Poultry steady; turkeys. 30©53c: chickens. 20 ©4r7c: capons, 28©50c; fowls, 17@/3c: ducks. 24©34c: bong Island ducks. 30© 33c. bive poultry—The strike has been settled but no quotations established as yet. Butter—Steady; receipts. 12.898 creamery extras. 50% c: special market 51 ©sl Vie. Eggs—Firmer; receipts. 21,756; .nearby white fancy. 48©50c; nearby state whites, 43 ©47c; fresh firsts, 42© 43c: Pacific coasts, first to extras, 44© 48c: western whites, 42©45e: nearby browns. 48©60c. Potatoes—bong Islands. $3.25® 6.25: Jersey, hasktes. $1©1.75: States. $3.85©4.76: Maine, $4.35© 6.60: Bermudas. $6 4815: Canadians, $4.65© 4.85. Sweet potatoes—Jersey, baskets, 60c ©2; gouthem. 500©51.25.

THE INDIANAPOLIS TIMES

INDUSTRIAL LISTS PUSH UPWARD; NO PRESSIESHOWN All News Good News to Wall Street With Advances. By K. Waller Mockler NEW YORK, Jan. It.—All news was good news Mondßy and as a result the industrial division of the stock market moved steadily higher. At no time during the day was this branch of the market under any real pressure and bullish sentiment was fanned by the increase of 133,000 tons in the unfilled tonnage statement of the United States Steel Corporation as well as by the decline in call money to a basis of 4 per cent. Incidentally stock and bond collateral loans made by the reporting banks of the Federal reserve system here showed an increase of $30,000,000 for the tveek ending Jan. 6, over the preceeding week. Offset Message In addition to the better news hearing directly upon the stock market, the cotton market flntjed lip appreciably. These factors served to offset President Coolidge's message on the Nicaraguan situation. The market could not escape the conclusion, however, that the President’s position on the Nicaraguan matter indicates quite plainly just how tlie administration feels about Mexico which makes the statement of the utmost importance. Naturally hankers were not inclined to comment upon the gist of tho Chief Executive's message to Congress, but in private conversations the general feeling put forth was very evidently one of complete approval and of hearty accord. Discount Effects This message might have had a decided effect upon oils and other companies having interests in Mexico were it not for the fact that the questions involved have already been fairly well understood and the market had discounted the effects. Stocks paid little attention to the message and the market tended to center around Steel common and a few other old line leaders. With Steel showing a very substantial increase in business as of Dec-. 31. Demand improved to a point where the issue crossed 150 again, qoming within 114 points of the record high for all time. Steel is meeting -with an excellent demand on an investment basis, the market accepting as a foregone' conclusion the continuation of the present 7 per cent dividend rate when the 40 per cent stock dividend is paid in April. FIRM TREASURER NAMED Central Supply Company Selects Albert Waldbleser. Albert Waldbieser, 5027 Washington Blvd., was elected treasurer of the Central Supply Company, 210 S. Capitol Ave., to succeed W. S. Wilson. retired, at a stockholders meeting Monday. Waldbieser who has been with the firm twenty-two years will continue as heating department head. Officers re-elected: C. C. Weiland, president and manager; Horace Willoughby and J. M. Wharton, vice presidents. In the Sugar* Market (B.v Thomson Sc McKinnon) NEW YORK, Jan. 11.— Although Id actual raws is at a minimum, futures do not react to an.v appreciable extent. The market is withstanding selling pressure exceptionally well. Renners and holders of CViban raws have differing ideas as to price, but the former will soon find it necessary to replenish stocks. This they will do. I believe, at a higher price level than now prevails. Futures, accordingly, will advance. (TTS bank rate Bu United Press BERLIN, Jan. 11.—The Reichsbank today reduced)the bank rate from 6 to 6 per cent.

—By Blosser

Little Change Seen in Other Livestock Prices. —Bog Friee Range— Jan. Bulk. Top. Receipts. 4. 11D0 12.00 8 000 5. 12.10 12.25 7.600 6. 12.10 ©12.25 12.36 6.000 7. 12.25 12.35 7.000 8. 12.35 ©12.40 12.50 4.000 10. 12.10© 12.25 12.25 7.000 it. 12.36© 12.60 12.50 7.500 Monday’s loss in hog prices was partially regained today with an increase of 10c to U&c at the Indianapolis stockyards. Prices here are still above those at Chicago, where the'market was steady today. It was estimated that 7.000 hogs were received by the local market, the same number jnc the previous run. Fewer were field over this time, only once since the first of the year has t ie number been below today’s 195. The opening was slow, with the packers buying light and medium weights at $12.35(ff 12.50 per hundredweight. Hog Price Range Porkers weighing 130 pounds down ranged from $12.00® 12.50; 130-160 pounds, $12.35© 12.50; 160-200 pounds, $12.35® 12.50; 200-250 pounds, $12.15® 12.40; 250 pounds up. $11.75© 12.10. There was an increase 'in cattle receipts, with the figure estimated at 1.300. The market was little changed. Quotations included: Beef steers. $7.50® 10.50; beef cows. ss® 6.75; low cutters and cutter cows, [email protected]; hulk stock and feeder steers, sG.sofg'B. i Calves Even

The calf market continued steady with Monday’s advanced rates. Meat sold largely at sls and $15.50, with a 'few odd head of best vealers makig the top of sl6. The fresh run of 1,000 just doubled Monday’s. With 800 %vines as the new receipts. the sliehp and lamb market was about steady. Western lambs brought sl2 and 5J2.25, and small ones Natives went at sl2 down. Top fat lambs were quoted at $11.50; bulk fat lambs, $11®12; bulk cull lambs. $5.50@9; ewes, $6 down; bucks, s2®4. •jWnn • Receipts, T.UttO; market, higher 120-300 lbs $12.35© 12.50 .’iOlSlbs. up 11.75© 12.10 —Cattle— Receipts. 1.300; market, steady. Beef steers $7 50 © HkjO Bulk stork and feeder steers.. 0 50© 81)0 Beef cows 6.00© 675 Low cutters and cutter cows 3.50 @ 4.75 —Calve*— Reeeipts, 1.000; market, steady. Best vealers $15.00© 15.50 Heavy calves ... 6.50® 9.00 Sheep— Receipts 800: market, steady. Ton fat lambs $12.60 Bulk fat lambs 11.00© 12 25 Bulk cull lambs 6.50® 900 Ewes 6.00 down Bucks 2.00© 4.00 Other Livestock CHICAGO. Jan. 11.—Cattle Reoripts, 13,000; ted steer trade less active .out generally steady: lower grades predominat mg; weighty steers, $11.40: yearlings, $11.50; bulk. $8.75©10.j)0: feeders wry scarce; bulk s7® 8. ivm meaty quality kinds $8©8.o0: most medium bulls. $6.05 ©6.90; vealers $10.50© 12; few. sl3 and better to outsiders. Sheep—Receipts. J7,000: market fairly active; fat lambs strong to 150 higher; early bulk. $12.26® 13: asking around $13.35 for choice handyweights: heavy lambs, $12.25©. 12.60, mostly; extrpmc weights, $11.25® 11.60: wooled culls, s9® 10: fat ewes. $5.50© 7; holding choice handyweight ewes around $7.25: feeding lambs strong: bulk comeback feeders. ,sl2© 12.75; best held around sl3. Hogs—Receipts, 32.OOO: market generally steady to strong at Monday’s best prices: heavyweights. $11.70 ©.12; mediumweights, $11.75®12.t0lightweights 511.7© 12.15: light lights. $11.(6© 12.16; packing miss, $10.60© 11.40; slaughter pigs. $11.50© 12.15. _ Jan. 11.—Hogs—Receipts. 3.000: holdovers. $1,260; market steadv to 2oc lower: 200-350 lbs., $11.75© 12J20,i 200-250 ibs.. $12.25' 12.40; 160200 lbs. $12.30© 12.&0: 130-160 lbs.. sl2 30© 12.oO; 99130 lbs., ,slo® 12.35: packing sows. $9.50© 10.76.' Cattle—Receipts, 500: calves, receipts 300: market steady; beel steers. $7489.50: light Yearling steers and heifers. $0.50© 10; beef cows, $4.75©0.75; low cutter and cutter cows. $3.75® 4.50: vealers, 10®15r, heavy calves. s6® 10: bulk stock anfi feeder steers. so®>7. Sheep—Receipts. 2o0; market steady; top tat lambs, sl3; bulk fat lambs. $9.50 ©l3; bulk cull lambs. s44*o; bulk fat ewes. $3 @6.60. EAST ST. LOUIS, Jan. 11.—Hogs—Re oetpts, 14,500; market strong to higher: 250 to 350 lbe $11.55 ©l2; 200 to 260 lb*-. $11.90® illo; 160 to 200 lbs.. $lJ.B6® 12.20: 130 to 160 lbs.. $11.40® 12.20; 90 to 130 lbs., sll © 12; packing sows $10.25® 11. Cattle Receipts, 4,o00: market slow and steady; beef steers, $8©.9.50; light yearling steers and heiters. 0©8: beef cows, $5.25© 0- low cutter* and cutter cows. $3.05® 4.75: vealers sls ©lo.oO: heavy calves, $0.50©8.50: bulk Stocker and feeder steers, $7 ©B. Sheep Receipts, 3.000; market slow and steadv lop int lambs, $12.50: bulk fat lambs, $12.50: bulk cull lambs. $8.50; bulk fat ewes. ss@o. LOUISVILLE. Jan. I.l.—Hogs—Receipts. 400; market for roughs and stags steadyothers 10c higher; tops, $12.25. Cattle— Receipt*, 100; market 6teady. Calves— Receipts, 100; market steady - : good to choice. sl2© T 2.50; medium to good. s9© 11; oute, $9 down. Sheep—Receipts. 60: market steady; top lambs. $10.50® 11; seconds, $7 @7.60; sheep. $5 @5.60. PITTSBURGH. Jan. 11.—Hogs Receipts. 1.000; market fairly active, steady: 256 to 350 lbs.. $12.25© 12.40; 200 to .60; IHO to 200 lbe., $12404812.80; 130 to 160 lbs.. $12.60© 12.80: 90 to 130 lbs.. $12.40® 12.80packing sows. slo® 11.25. Cattle Reeeipta, 24: calves. 60: market steady: beef steers, $8©10; vealers. $15.50©16; heavy calves, $6 6112. Sheep—Receipts, 200' market steady: wethers around $8!60; ton lat lambs. $12.75- bulk fat lambs. $12.50; bulk cull lambs. sß©no. CLEVELAND. Jan. 11.—Hogs Ry eeljpts. 1,900; market steady, 150 higher25ft to 600 lbs, $12.35© Vj.so; 200 to K ] o-,&L 2 -- 35 ,%T 3 -' ,o i A OO *° Si* l lb.. $12.60® 12.70; 130 to iOO lbe.. $12.60© 12.70; 80 to 130 lbs $ 13.70® 12.75; panklng sows. $10.26® li. Cattle Reoeipts. 160; calves. 200; market steady to weak; beef steers. $5®0.50: low cutters and .cutter cows, $3.50® 4.50: vealers, sls Sheep-Receipts. 1,500; market 2oc higher; top fat lambs. sl3: bulk fat $8.60@10; bulk fat ewes. s4©o. TOLEDO. Jan. 11.—Hogs Receipts, -L "h-ady to strong; heavies. sll 26 @11.75: medium, $11.76©13; Yorkers, sl.© 12.50; good pigs. $12.50© 2, 2 ' 5 - Calves—Receipts light; market lam'bs— Receipts light; EAST BUFFALO. Jan. 11.—Hogs Receipts. 1.000; holdovers. 3.463; market slow, steady; 250-350 lbs.. $12.16©12 50-200-250 lbe.. $12.25® 12.85: 160-200 ibs' 512..->o@ 13- 130-100 lbe.. $i2.75@13- 90l 130 lbe.. $11.55 ©l3; packing sows. sjo 25 01}- Cattle—Receipts. 300: calves, receipts 100: market cattle steady: calve* steady; vealers, $15.50© 16. Sheep—Receipts 800; holdovers 2 800; market 25c Sirivavniß, SALESMAN FOUND DEAD George H. Newsom, 64, traveling salesman, of Winfield, ICan., was found dead in his room at the Denison by attaches of the hotel. A. B. Riggs, assistant manager, told Dr. Paul F. Robinson, coroner, that Newsom became ill Monday night about 11 p. m., but later asked that food be brought to his room that he folt better. The bell 'boy was unable to deliver the food as the door was locked. This morning Newsom failed to respond to calls and was found on the floor. Robin son attributed death to cerebal hemorrhage.

LONDON AND N. Y." BANKS USERS OF RADIOJELEPHONE Among First to Try Out New Trans-Atlantic Service. Bu Times (ineeial NEW YORK, Jan. 11—Wall Street lost little time in testing out the new radio telephone service Just opened between New Y’ork and London. Several unusually large transactions in foreign exchange, involving $6,000,000 and five different currencies were consummated over the radio telephone, between two prominent international banking institutions. the International Acceptance Bank of New Y’ork and the Midland Bank, Ltd., Overseas Branch, London. The International Acceptance Bank was among the earliest to call London by telephony and the transactions were the first to be completed by radio phone in the foreign exchange market. One transaction, a purchase of £1,060.000 sterling, approximately $5,000,000 in American money, was arranged between the foreign exchange department of the International Acceptance Bank. Inc. and ttie overseas branch of the Midland Bank. A short time later the Midland Bank called the International Bank and several *arge exchange transactions were' consummated in five continental currencies. "■— Hopes Expressed—^Great hopes were expressed regarding the possibilities of this means of communication between the two largest financial centers in the world particularly when the new service is further perfected. The prediction was made that if the service is up to standard, and there is not too long a delay in arranging a thorough connection on an international call and proper privacy can be obtained, telephony may ' bring about drastic changes in the methods of handling world-wide foreign exchange transactions. Advancing Methods In this connection it is of interest to review the various methods which have been in force in the handling of international business. At one time all such transactions were confined to letter correspondence. This was followed by the establishment of cable service. The introduction of cable service was considered one of the wonders of the world, and continued so for many years. YVithin recent years, however, the changes developed more rapidly. The cable wav followed by wireless communication between the two continents, and now Europe and the United States are linked by telephony. Probably the next great development in international communication will be (he coupling of television with telephony.

BANKERS PREDICT GOOD YEAR AHEAD (Continued From Page 1) National Bank re-elected were: James A. Allison, Hervey Bates Jr., Tipton S. Blish of Seymour, James I. Dissett, George C. Forrey Jr., Fred Hoke, Robert Lieber. Edwin D. Logsdon, William J. Mooney, G. Barret Moxley, Gustave H. Mueller, William L. O’Connor, Leo M. Rappaport, Albert M. Rosenthal, Gustav Schnull, Roy C. Shaneberger, W. Hathaway Simmons, Ralph K. Smith, Charles B. Sommers. Theodore Stempfel, Elmer W. Stout, Thomas Taggart, Lucius M. Wainwright and John R. Welch. Indiana National Bank directors: Roy E. Adams, John J. Appel, Henry W. Bennett, Arthur V. Brown, W. T. Cannon, Eugene H. Darrach. A. Efroymson, Henry Eitel, R. Malott Fletcher, J. S. Holliday, W. G. Irwin, John J. Madden, Macy YV. Malott, Sol Meyer, Edward L. McKee, Gwynn F. Patterson, Norman A. Perry, Samuel E. Rauh, Peter C. Reilly, William L. Taylor and Frank D. Stalnaker. National bank directors will elect officers later. Woollen Reports Twenty Fletcher Savings and Trust Company directors were reelected by stockholders Monday. In a report of the 1926 business of the company and its subsidiaries, President Evans Woollen told the shareholders that the consolidated resources of the trust company and five affiliated State banks, as of Dec. 31, 1926, were $27,052,167.71. Deposits in all the banks totaled $23,209,269 and the resources of the Fletcher Joint Stock Land Bank, totaled $15,927,480. Exclusive of the affiliated institutions, the trust company bad resources of $24,303,514.13. Directors re-elected: Henry C. At. M. Ayres. Albert Baxter, Vinson Carter, Allen W. Conduitt, Carl C. Gibbs. Albert S. Goldstein, William F. Hayes, Chicago; Charles W. Jewett, Alfred Kauffmann, Hugh McK. Landon, Albert E. Metzger, Samuel D. Miller, Nicholas H. Noyes, Almus <3. Ruddell, Cassius C. Shirley, Joseph H. Spellmire, Charles N. Thompson, George M. Williams and Evans Woollen. F. W. Payne Named Washington Bank and Trust Company elected Francis W. Payne, a ' vice-presidgnt to succeed Carl Pioch at annua) meeting last Wednesday Other officers and directors reelected were: J. Edward Morris, president; Mark V. Rinehart, vice president and sec retary; Clifton N. Fields, treasurer: Calvin J. Clymer, assistant secretary; Delmar G. Patrick, assistant secretary; Petrache Velesscu, foreign department; Henley T. Hottel, real estate; R. E. Throckmorton, insurance department; M. L. Hall, rentals; J. Edward Johnson, auditor. Directors: E. L. Cothrell, Tha. E.

Pass. Wm. C. Hayward, John Powell. Edward A. Kahn, Chas. B. Riley. J. Edward Morris. Mark V. Rinehart, Jesse A. Shearer, Carl 11. Weyl. Directors re-elected by Fountain Square ..State Bank stockholders. Monday night will meet Wednesday night to elect officers. Directors re-eieeted: William Neckerhost, Charles H. Stucknieyer. Henry Langsenkamp, J. Walter Gunn, Robert E. Sweeney, J. Henry Amp, L. O. lvoph, Otto N. Frenzel Jr., and 11. J. Budenz. Fanners Fleet Direefers of the Fanners Trust Company elected officers Dec. 10. Those named; Charles N. Williams (incumbent), president; Edwin H. ForryC vice president and trust officer; Carl A. PlocHi, vice president; Riley E. Smith, vice president and treasurer; Charles R. Kellogg, secretary. William R. Stuart, trust officer and general counsellor; Laura Hiatt. Majc J. Young and Eleanor L. Sturdevant, assistant secretaries. Pioch was elected a director. Directors re-elected were: Charles E. Coffin, James S. Cruse, Charles R. Kellog, Frank M. Millikan, James W. Noel, Norman A. Perry, Alvah J. Rucker, Larz A. Whitcomb and Thomas N. Wynn. Re-election (Seen Directors and officers of the J. F. YVild Bank were to be elected by stockholders this afternoon. The present officers probably will be reelected, according to J. F. Wild, president. They-iare: F. M. Wild, J. O. Fisher and W. F. McNairy, vice presidents; Otto P. Kern, cashier, and G. F. Miller, assistant cashier. J. F. Wild, Fisher, Kern Miller and Donald L. Smith are. directors. State Savings and Trust Company officers were re-elected. They are: Scott JR. Brewer, president; Pliny H. Wolfard, vice president; James A. Houck, treasurer; Wallace Weatherholt, secretary, and Kathryn Hollgnd, assistant secretary. Directors re-elected are; Robert Aley, Brewer, Wolfard, Houck, L. N. Joseph, Edgar -Ashby, David A. Rothrock, E. 11. Wolcott and W. A. Tickens. Stockholders of the City Trust Company were to meet this afternoon to elect officers n.nd directors. Present officers are; Dick Miller, president: H. J. Barnard, vice president; C. Milton Kelly, treasurer; E. W. Davy, assistant treasurer; K. E. Smith, auditor, and D. A. Murphy, secretary. Officers and directors of the East Washington State Bank were elected this afternoon. Officers are: Albert STMzger, president: Samuel Mueller, vice president. and Lee Welker, cashier. Broad Ripple Stale Bank stockholders met to choose officers and directors. Present officers are: William Dawson, president; YVilliam Schiltges, vice president, and Fred J. Wackec, cashier. Brightwood State Bank will elect tonight. Present officers are: Clyde. Preston, president; J. Henry Fisfse, vice president, and Paul Cross, cashier. East Side Votes The Enfft Side State Bank stockholders will meet tonight. Present officers are; M. .1. Spencer, president; William F. Roepke. vico president, and Charles F. Re< h-told. cashier. Officers and directors will be chosen by the Belmont State Bank Thursday night. Present officers are: George C. Forrey, Jr., president; Lewis P. Robinson, vice president, and William J. Clark, cashier. ’Re-election ot officers and directors took place at the Central fftate Bank, Monday night. The officers j are: James L. Gavin, president; j George and. Clark, vice president, and J. Lewis Bray, cashier. Irvington State Bank officers and directors Yvere chosen Wednesday |. night. Clement E. Kelly was elect--led new president. Officers re-elected were: S. J. Carr, vice president, and P. D. Moffett, cashier.

ATTACK ON ‘PEACHES’ Browning’s Counsel Charges Girl and Mother Engineered Marriage. Bv Ignited Press WHITE PLAINS, N. Y’„ Jan. 11.— Mrs. Frances Ileenan Browning and her mother were accused of a “deliberate scheme" to drag Edward YV. Browning into marriage for their own gain by counsel for the wealthy real estate man in argument before Supreme Court Justice Frank L. Young today. Argument was on a technical motion by Mrs. Browning. Browning’s counsel charged that the marriage of his client, and the former “Peaches’’ Heenan last year was engineered by mother and daughter “In a deiiborhte scheme t% drag Browning into the marriage for five months, until she and her mother obtained the material gains they sought.’’ MORE WOE FOR NADEL Murder Charge May .Be Filed Against. Mellrtt Case Defendant. Bu United Press CLEVELAND, Ohio, Jan. 11.—If Ben Nadel is found guilty of harboring Patrick McDermott in his flight following the murder of Don R. Mellett last July he probably will be named in a first degree murder warrant, according to Prosecutor Henry YY r . Harter of Stark County. Nadel’s trial is nearing an end here, and Harter made this an nouncement after hearing today’s testimony. He said he believed there was sufficient testimony to show Nadel was connected with the 1 nderworld slaying of the militant Canton publisher. ALLEN SAMMONS^DIES Aged Civil YVar Veteran Succumbs Suddenly— Seek Relatives. Coroner Paul F. Robinson wired Michigan City (Ind.) authorities today trying to locate relatives of Allen Sammons, 82, Civil War veteran and caretaker at the G. A. R. League home. 512 N. Illinois Yvho died suddenly at the home late Monday. Carolton Terrelle, 2016 N. New Jersey St., told police fte responded to a call from Sammons and while he was there, Torrelle said, the aged man complained of being ill and fainted. He was dead before medical aid arrived. Deputy Coroner U. B. Hine attributed the death to heart disease.

PAGE 13

FEWER AND BEnER BILLS, PLEA MADE BY HOUSE SPEAKER Bar Examination Bill Is One of Outstanding Measures Today. Speaker Harry G. Leslie of the Indiana House of Representa.tlves today urged members to introduce fewer and better bills. Tho Speaker urged the old members to set an example for new members and refrain from introducing bills which they knew had no merit and knew could not pass. Nine bills were introduced and the first bill of the session, pree sen ted Monday, which provides SIOO,OOO for expenses of the Legislature. was ropasssed wftli the Senate amendment increasing legilators’ pay to $lO a day. Then the Ilousg, adjourned until 10 a., m. Tuesday. * Examination of ail applicants for admission to the bar in Indiana is made mandatory in Bill 8, introduced by John W. Thiel (Rep.l, Lake County. The bill is sponsored by the State Bar Association. The following bills were submitted to tho various committees: Bill 4 by Huffman (Rep.), Elkhart, providing for the management of municipally owned utilities in towns of the third class. Referred to cities and towns committee. Bill 5, Bond (Rep.), Henry County, providing penalty of 10 per cent for stopping the payment on a check. Criminal code committee. Rill Gilbert. (Rep.), Ija. Grange and Steuben Counties, defining the crime 0 f burglary with explosives and naming penalties. Criminal eotfe eommltle. Rill 7, by Thiel (Rep.). Lake County, regulating heating of fiats, apartments and business houses and demanding 72-degrees temperature between 7 a. m. and 10 p. m. Judiciary B comrrtittee. Bill 9. by Wright, Republican, Marion County, Increasing penalty on drunken drivers. Criminal Code Committee. Bill 10, by Wedeking, Republican. Perry and Spencer counties, increasing the penalty for robbery by force and bars from holding office thereafter. Criminal Code Committee.

SPANKING OP \SHEIK' REFORMS \ - - Youth Accused of Annoying Girl Whipped on Judge’s Order. Bu United Press DETROIT, Jan. 11.—A public recantation of shelkhood was obtained from an 18 year-old, six-foot boy here yesterday by Judge Harry B. Keidan in a unique spectacle at Recorder's Court.. A mother’s good right arm with a policeman’s stout belt obtained the abjuration in the semi-pricay of a jury room consistory. Frank Oplanskl, the boy “sheik." was reclined aei’oss a sturdy mahogany chair and his shouted promise of perpetual goodness reverberated with- resounding whacks through a startled courtroom. t Miss Hazel Phillips, pretty and 17, was complaining witness. She and Joseph Ogurek, 19, Frank’s playmate, sat outside and listened to the ceremony. Joseph with each sound from the jury room, and his head was hung almost to his chest as Frank, eyes red and face flushed, stepped out. Frank and Joseph, according to Hazel, giggled “suggestively” - ns she walked down the street, going home. Then, she said, they pushed a third person into her as she passed them, nil three toughing loudly. A patrolman found the two “sheiks’’ in a poolroom, Httll laughing. They were locked up aqd not released until tho fathers had both administered whippings. But Judge Keidan was unsatisfied. “I want you, as his mother, lo take him in hand," ho told Mrs. Oplanskl, who has five other children. “lie needs a good whipping." The Judge her on the thoroughness of the job and let both Jjoys off with six mqnths probation. 4 BODIES UNIDENTIFIED Charles Birger Visits ICnadliouse, Scene of Fatal Clash. Bv United Press MARION, 111., Jan*. 11.—Officials were still without definite clews today to identity of the four persons whose charred bodies wOre found in the road house of Charles Birger, wrecked here Shnday morning by raiders who are Yielieved to have been members of the rival Shelton gang. While two of the bodies have been identified parlially as those of Steve George and his wife, Coroner George Bell and other county officials say they are not postive. Birger visited the wrecked road house and expressed the belief that Mr. and Mrs. George were two of those killed and that a third body was that of Jimmy Sims, 18-year-old member of the Birger gang. V. F. W. OFFICIALS TALK The first of a series of monthly joint meetings for 1927 was held Monday evening at Castle Hall by Hoosier Fbst, No. 624, Veterans of Foreign Wars, and its auxiliary. Speakers were Franl< T. Strayer. national senior vice commander-in-chief; E. G. Schaub. department chief of staff, and Paul Jones. The Odd Size quartet entertained with muakv: