Indianapolis Times, Volume 38, Number 248, Indianapolis, Marion County, 21 January 1927 — Page 19

JAN. 21, 1927

PORKERS SUFFER CUT OF 5 TO 10 CENTS; CATTLE STRONG . i j

HAILS DECLINE; MOTORS ADVANCE IN IRREGULARITY Oils and Industrials Also Go Up —Trading Is Active. Average Stock Prices Average of twenty industrials Thursday was 400. 16, off .3". Average of twenty rails, 132.51. off .03. Average of forty bonds. 90.6?, up .01. I'n i nileil Prrs lln I nitcil I’rrsn NliW YORK. Jan. 21.—Irregularity prevailed in early dealings on the stock market today, with several railroad issues declining with motor shares, while oils and some industrials moved higher. Trading was fairly active. Further evidence of piling up of funds throughout the country was furnished by weekly Federal Reserve Bank statements today. For the whole system the reserve ratio imI proved to 76.9 per cent, against t 0.4 per cent a week ago, while at 'his\center the gain was to 83.4 per cent, against 81.9 per cent a week ago. Increasing Credit This indication of increasing credit available for stock market purposes was reflected in a strong tone in the main body of stocks in early dealings. Rails were again in demand and further gains were scored after some early losses. Money brokers reported comfort- j able conditions ir. the demand loan i market. They were confident that borrowings for the week-end would be available at 4 per cent, whereas a week ago the rate tightened to F? per cent Friday afternoon. This outlook checked unsettlement in the general list and stocks developed uniformity on the upside around noon. Rails again led the improvement under urgent buying in Wheeling & Rake Erie shares in Western Maryland common. B. & O. Feature Baltimore & Ohio continued the feature of strength in the high grade carrier shares. This road earned it little more than sl7 a share on its common stock in 192(5. It owns just over a quarter Interest ip the Reading Company and is prepared to buy a similar holding from New York Central when the latter gets ready to sell. When that time comes B. & O. dividend is not imminent, but that its affairs are gradually slipping in that direction. Surplus at the end of December, last, was upwards of 880,000,000 or over SSO a on common stock. FOREIGN EXCHANGE I'n I nitnl [‘less NEW YORK. Jan. 21.—Foreign exchange opened lower. Sterling. $4.84 15-10. off .00 110: francs. .*.9ot*c: lira, 4.32 Re: be'ga, 13.88 sac, off .00 la : marks. 23.71 c.

MANLINESS IS NOTED ON JURORS’ INFIRMARY VISIT Criticism of management of the Marion County infirmaVy, reconstruction of two of the four wings of the institution, and other changes in the policy, management and building conditions, loomed today, following a visit of the grand jurors and eounciltnen Thursday. With these indications, it was believed the situation might result in recommendations affecting J. V. Carter, superintendent. “Tills place could be kept clean and in proper condition, if there was someone out here who would make the employes work,” w*s the general comment of the jurors and the commissioners. ' Enough Employes, Said George Montgomery, president of the council, pointed out that there I were a sufficient number of employes on the grounds to keep the institution clean. It was proposed In a short conference after the jury's visit, that the old three story wing be dropped to a two-story structure and the four-story building also be reconstructed to two stories. The upper two floors of the four-story buildings were described as “unsaniitary, dirty, unclean, fire hazards and deplorable.” It. was said that the ceilings ond walls of the structure were r rumbling and that the roof was In poor condition. Pigeons Are "Guests’* Pigeons were making their nests tn the living quarters and corridors of the top floor Os the three-story wing and in the upper two stories of the four-story structure. In the third wing of the structure it was found that there are ten hath tubs without connections, that have never been used, while In the two old wings of the building, bathrooms and dressing rooms are being utilized. The explanation of the situation, given by Carter was that the ten-tub room was too crowded. Councllrnen and jurors recommended that all hut a few of the tubs be taken out a scries of showers installed. Discuss Storing Food The Times reporter turned on the faucet of one of the tubs and water gurgled out. , During the visit Montgomery took the stand that the infirmary ground Rhould be retained, but immediate action taken to eliminate the fire ■hazards. There are 372 inmates at the home. Jurors criticised the plan of storing foods stuffs more than a block from the kitchens. It was verbally recommended that the foodstuffs be brought Into the kitchen store rooni6. ' The jury report will be drawn up h \ the close of the other institutional

New York Stocks ' ~By Thomson & Uikinmini

Railroads— Prev. High, Low. 1 :00 dose. Atchison ..it)!!', 108 R 108',s 1011 U Atl C L. . .i9O 5 4 ... 192 B& O 122 s Ill's 1121, 113 7 Can Pac 168'* C& O 161 ’i 160 161 U 160% CAN W. . 83 1 j . . 82 82 % C R & P .. 74 (S 73% 74 74 Pel & H 176'A IVI & Lac. .145 U 144 115 114% Erie 40% Erie 6 pfd. 64 li ... 54'i 54% Gt No pfd. .86% . , 85 la SO'is ieh Vai ..122*4 131 Li 123 122% Ka C 50... 43 Vi .. . 43% 44 L & N 132 ... 132 131 % M K & T. . 35 Vi 35% 35% Mis P pfd.. 95 94% 95 95% N Y Cen ... 144 143%’ 144 144 N Y NH&H 40% . . 43 % 43% No Pae . . 84 *8 84 84 83 % Nor A W. . 160 ... 159 100 Pere Mar . .119% 118% 110% 119% Penn 38% 58% 58% 58% Reading ...100% 99% 100 100*4 Sou Rai1w.124% ... 124% 124% Sou Pae ..109V, too 109% 109% s t P 11 . M 10% St P pfd. ... 21 ... 21 21 St L & S 4V 64 % St LA S FIOS 104% 105 105 Un Pae. ..163% 163 163*4 163% Wabash ... 45 44% 44% 45 Wab pfd . . 70% .■■ 79*8 79% Rubbers— Ajax 30% ... 10*4 10% Fisk 16% 16% 10% 16% Goodrich ..47 ... 4 7 47, Gdyr pfd .... . . ... P 9 % Ky-Spgfd .... ... ... 10 U S Rub. . 59% 50 % 59% 59% Equipments— Am C& F 101 % Am Lo ..109% 107% 109% 107 % Am Bt„F.. 45 ... 45 45 Ba Loco .. 146 % 144% 146% 145 • Jen El ... 83% ... 83% 83% Lima 04 % 64 64% 64 N Y A B 41 % Pr Stl C. . 45 44%. 14% 44% Pullman ..185% ... 185 185% West A B . . . . . , ... 139 West Elee. 69% 69 69% 69% Steels— Bethlehem,. 46% 46% 46% 47 Colorado F 50 % 48 % 50 49 Crucible .. 79% ... 79% 79% G States SI . . . ... ... 55 P R C A 1 42% 42% 42 % 42% Rep Steel. , 01 % ... 01 % 61 % |Slos-Sheff. ... ... ... 123% •U S Steel. 157% 136% 157% 157 Union Al 27% Vanadium ..37% ... 37% 37 Motors— Am Boseh. 13% ... 13% 13% (.'handler ... ... 22 Chrysler .. 41% 41% 41% 41% Conti Mot.. 12% 12 12% 12% Podge .... 24*i 24% 24% 24% Peer.ess ... ... 28 Gabriel ... 30 . 30 29% Gen Mot.. 150% 148% 150 1401, Hudson .. 51 % 50% 51% 51% Hupp 21% ... 21 Vs 21 Vi Jordan ...... ... ... 19 Mark .... 82% 91% 92% 82 Martin-Par. ... . . ... 22% Moon .... 10% ... 10% 10% Nash 67% 67% 07% 6 7%, Packard ..'35% ... 35% 35% Pier.-e-Ar . .. 20% . . . 20% 20% Studebaker. 56% 53 % 56 53% Stewart W.. 66% ... 65’. 65 % Timken .. 80% 87% 88% 89 Willys-Over. 21%. 21% 21% 21 % White Mot.. 56 . 55“a 55*s Minnig— Am Smelt. 140% 139% 139 % 139 % Anaconda .. 47% ... 47% 47% Crrro De I’ 61% tji % tit*, 61 Inspiration. ... ... ... 24 % lot Nickel. 40 39% 4040 Kennecott.. . 61 ... 61% 61’, Tex GAS 53 % 52% 53 52% U S Smelt. 35% 35 35% 34% Oils— Atlanta R .. . .. . ... 113 Cal Petrol. 31% 31% 31% 31% Freeport T.. 39% 38% 30 V. 39 Houston 71 TO % 71 7l Indnend Oil 31% 30% 31% 33% Marland Oil 58 57% 58 57% Mid Con Petl39 ■% 38% 39% 38 % P A Pete B 66 65 *s 65% t!4% Pacific Oil. .. 1% Phillips Pet 57% 57 57% 57% Union Oil. . 54 % 54 % 54 % 55 Pure Dil . . 29% 28% 29% 28% Royal Dutch 52 ... 51% 51 Vi Shell 30% 30% 30% ,30% Sinclair ...22% ... 21% (21% Skelly .... 35% . . 35% 35% S Oil of Cal 59% . . . 58% 60 S Oil of N J 39 % 39% 39 % 39% Texas Cos ..57% ... 57V. 57% Trans Pet.. 4% 7% 4% 4% Industrials— Ad Rtimely. ..■ ... .. 10% Allis Chaim 91 % 91 % 91 Vi Allied Chm 130% 135% 136 335. Armour A. 15% ... 15% 15% Amer Can . 47 40 % 47 !tl% Amer Vool 27 26% 27 20% A H A L pf 51 Am Saf Ra* 51% 50% 51 51 Cent Leath. . . ... 9 % Coca Cola. . . 109% Cont Can . 71% ... Tl* 71% Certain teed. . . ... . . 43% Davis Chem ... 29 % Dupont. . . 173 . . 173 173 F Players .111 109% Jin 111 Gen Asphalt S4 83 84 83% In Cm Eng 49% 48% 49% 48% Int Paper. ... ... ... 57 Tnt Harv .139% . . 139 139 j May Dp St 08% 68% 08% 68% Mont Ward. 03% 62% 63 63% Natl Lead.... ... ... 167 Owen Bottle . . ... ... 70 Radio .... 49% 48% 48% 49% Rem Type . 126 % 126 126% 125% Real Silk 41 % Sears Roeb 52% 51% 52% 51% Un. Dr ... 108 USCI P. 218 214 215 217% US I Al. . 8) % ... 81% 81 % Woolw 181 % ... 181% 180% Utilities— a Am TA T. .152 % .. 152% 152% Am Exp ... ... J3i A Wa WU. 07% 00% 67 60 Bk Man . . 69% Col G & El. 88% 88% 88% 88% Con Gas ..104% 104 104** 104*. Tnterb ... ... , 40% No Am Cos.. 48% 48% 48% 49 Peo Gas .... . 127 ’4 Ph Cos 1 87 St OA E. . 55 % ... .55 % 55 West Un 145% Shipping— Am 2n Cp. . 39 ... 39 39 A Sh & C Afl Gu 38% 37% 37% 38% In Me M pfd 39 % ... 39 39 Vs &n Fr 115% ... 115% 115% roods— Am Su .a . 82 81% 82 8"

Produce Markets

Butter (wholesale price)—Creamery best grade, a pound. 51® 53c. Rutterfat—Local dealers pay. 60® 51c a pound. Eifgs—Strictly fresh delivered at Indianapolis. 35® 37c. Poultry ( buying prices) Hens, large breed, 22 0 33c: Leghorn. 10*, 18c; roosters and Leghorn stags, 14010 c; staggy young springs. 10®21c: soft meateil springs. 22fg 23c: Leghorn springs. 10® 18c; ducks. 17®22c: geese, 13*i lsc: turkeys. young toms. 33035 c: hens. 33® 35c; old toms. 28c: guineas, young. 50cold. 35c: capons. 7lbs. up, 28030 c; 6 to 7 lbs., 25 0 27c; under 0 lbs. and red heads, 22 0 25e.

In Vie Cotton Market

(By Thomson & McKinnon) NEW YORK. Jan. 21.—You know how 1 feel about cotton. Suppose I tell you what some very successful traders think, whose names never get into print. They say we are at the lower edge of a field where there was an immense volume of trading on the big decline. The market will have to absorb the selling of those who are willing to quit even. This resistance extends upward to about 13.75 lor March. Above that price the market might advance very rapidly. You will be trading In line with the best in the business if, for the present. you buy your cotton carefully on declines, take moderate profits and don't let the market get into highs without having some contracts.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. Jan. 21.—The reluctance of refiners to follow the advance in Cuban raws from 31* to 3cents and the reactionary tendencies which became apparent at the height of yesterday's buying movement in futures may be reflected today in the market. Whatever ’lefitancy may be shown, however, will be short lived, in my opinion. I expect refiners to display mere interest in actual raws and lo raise their own prices.

QUICK WATSON, WHERE IS THAT LETTER “S”

Bv Times Boecinl , KOKOMO, Ind., Jan. 21.—Detective Arthur Meranda has a new job. It’s hunting letters on the typewriter. City council says It cannot afford to hire a stenographer for Police Chief Rollie H. Benson. Benson tried to learn to write

A Be Su t ... ... 32 % Aus Ni.. * ... ... 8 % Be N Pkg .... ... 57 Cal Pkg . . 01% 07% 07 % Cll Pd- ... 17% i;% 17% 47% CU Ca pld . 41 % 47 % 48% C Am Su • • • • 20% Fleisehm .. 47% 47% 47% 47% Jew Tea . . . . . . 56 . Nat Biso .. 99% 98% 88 % 99 Pun Ale . 43% ... 43% 13% Postuni ... 99 % ... 99 % 101 Wil Bk B 32% Tobacco*— A Su ...: 40% 45% 40 45 Am Tob 122 Am Tob B. 120 % . 120% 121% Coil Cig .. 81% 80% 81% 80% Gen Cig ... 54% 54 % 54% Liggett ... 93 98% 98% 99% Lorillard .... ... ... 31 % R,l Reyn.. 122% 122% 122% 122 % Tb Pd B. .109 ... 108 % 108% Ull Cig St. , 90 % Sch R S 48 HOTEL MAN HEARD IN ALDER TRIAL (Continued From Page 1) Thursday afternoon. Ford is the man whoujrrested Alger when, it is charged, the boy was trying to steal his auto. Ford testified that he discovered Alger seemingly engaged in trying to unlock the door of his auto parked near the Statehouse. He said he arrested him and took him over to Trafiicman iiosbey. "I gave the ofiicer also the keys that Alger had been trying to use on my car,” Ford testified. A bunch of keys was produced by Deputy Prosecutor John L. Stark and Ford identified them. An uproar followed when Chief Defense Attorney Otis Gulley of Danville told the court he saw Starke remove one of the keys from the ring as he had handed it to Ford. Prosecutor William H. Remy explained that the key removed was the one Ford needed to drive his car. Traffiicman Mosbey, who followed, substantiated Ford's testimony. Special Judge Edgar Blessing had to rap for order several times when the crowd in the courtroom laughed at the manner in which Mosbey answered some of the questions. Mosbey testified that after Ford had turned Alger over to him, that he had taken Alger to the tire store and called for the patrol. He said as he was making out the arrest slip. Alger broke away and shot his way from vthe store. “Where was the other patrolman, Hadley?” Defense Attorney Fred King asked, referring to Mosbey's partner. “That hoy pointed his gun at me,” Mosbey answered, pointing at Alger. “And. say, I didn’t see Hadley about that time.” The crowd roared. Cross-Examination Attorney Gulley, in cross-examina-tion arked Mosbey if he hadn’t said to Alger at the time of his arrest and following the boy's explanation that he was a schoolboy, “D—n your school. Y'ou are already under arrest.” “I certaihly did not,” Mosbey answered with spirit. “Nothing of such a conversation occurred.” Stark, in his opening statement to the jury. He diagramed upon a blackboard the scene of the fatal shooting. Sympathy for Mother During recess and after court adjourned Thursday several Danville women with moist eyes approached Mrs. Alger and expressed their sympathy for her. Among them was Mrs. F. C. Fergot of Danville, who said, “A lot of us feel terribly sorry for that boy s mother.” All day, Mrs. Eunice Stoops of Wabash, Ind., sat near Mrs. Alger, evidently encouraging her. Mrs. Stoops said she was an old neighbor of the Alger family and had known Gene since he was a baby. “Always gentleman--y and quiet, that boy was,” declared Mrs. Stoops. “The last boy you’d expect to get into trouble.”

Commission Row

PRICES TO BETAiLKBS I FBCJTS Apples: Box Apples—Jonathans. $2.35® ■ Grimes. $1.85® 2.25: SpiUberg, $2.50; May mens. $2.70: Delicious. $3.50. Extra fancy barrel apples—Jonathans, $4.76; Grimes, $4.75: Greenings, $4.50; Cherry Red Baldwins, $4.50: Virginia ltmesajje. $5:. Stay-men. $5: Delicious. $7: Mw sufk Kings. $4.25: Rome Beautys, $4.50. Fan ey barrel apples—Jonathans. s4*; 4.2 ,: Staymen, $4.50; Home Beauty. $4.2.>: New York Baldwin. $3.2504; Delicious. $0: Northern Spys. $5.50: Winesaps. $4.25. Bagket apples (40-lb. basE'.?.* B * —Jonathans. $1.5001.75: Staymen Wmesaps. $1.50: Delicious, $1.75 02: baking, $1.50: Wagners. $1.35: New York Baldwins, $1.40® 1.50: New York Kings. ¥1.50: Northern Sp.vs. $1.05. Cranberries—Jersey Howes, % bbl.. $4.50. _ Coconuts—Fancy Jamaicas sack of 100. $5 0 5.50. Dates— Hulk. 100110 Ib.f Fard* 12 lbs., $2.40; Dromedary. $6.10; unpitted. 85e. 0*1.75. Grapes—Fancy Emperor sawdust kegs .OU { GrapeDuß—Extra fancy. $3.5004.50: Honey— 24-case crate. *4.50 00. Kumquats—Florida. 15® 20c qt. Lemons—California. $5. Oranges—Florida $2.75®4.60: California navels. $3.2607. Pears—Oregon D'Anjous. $5.60 box. Pineapples—Cuba, crate, $5 05.50. Tangerine—Florida. s2.i!s® 4.25. Strawberries—Florida. 80® 85c. SEA FOODS Oysters—Gal.. $3.4002.75. VEGETABLES Artichokes—California. $1.25 doien. Beans—Florida green. per hamper. 3.50 04. Brussels Sprouts—Fancy California, 85 sis 40e lb. Cabbage—Holland seed. 2He lb.: red cabbage 0c lb.: Texas, 5e lb. Cauliflower—Crate. $2.75. Celery —Michigan, squares. $2: Michigan Jumbo washed $1 doien; California. $6: Florida. $4 crate. Celery Cabbage—Box. $2. Cucumbers—Hothouse, $3.25. Eggplant—Florida, $2.60 per do. Garlic—California. 12 ]b Kale—Virginia Brocoll. $2.50 bbl.: H. G. 75c bu. Lettuce—lceberg, crt.. $3.75; H. G., hothouse. $2.40, 15-lb. basket: California. $2.75 crate.

on'the typewriter but he wds too slow. Letters by long hand didn’t look dignified enough, he thought. \ So he made Meranda his stenographer. Meranda is also lacking speed but he can do ten words more to the minute than Benson.

THE INDIANAPOLIS TIMES

Other Livestock Prices Remain Practically Unchanged. —llug Price Range— Jun. , Hulk Top. Rci-eipt--14. ■' 12. Ill® 12.50 12.00 .>.300 15. 12.10*1 12.50 12.50 4.000 li. 12.25 H 12.65 12.05 4,500 18. 12.10® 12.25 12.50 S.OOU 19. 12.10(6 12.55 12.65 I .000 20. 12. .10*1 12.40 12.50 5.000 21. 12.00*112.30 12.30 7.500 A lowering of hog prices at the Indianapolis Union Stockyards today while the Chicago market remained steady placed rates at these two enters the closest together they have been for some time, although slightly more still is being paid at tile local exchange. The fresh run of 7.500 was tinsecond largest of the week, and was increased 758 by the p rokers held over from Thursday. The price cut was 5 cents to 10 cents on the hundredweight. most kinds undergoing a dime drop. With the top at $12.30. the bulk of the sales were at sl2<&/ 12.30. Hog Price Range Continuing the weight scale used the last few days the United States Department of Agriculture posted the following quotations'. Ninety to 130 pounds, $114(12; 130-200 pounds, sl2® 12.30; 200-250 pounds. $12.10® 32.25: 250 pounds up. [email protected]. Packing sows were listed at slOll. which is steady to 25 cents below market. A little changed cattle market offered its 1.000 head received. Beef steers went at $7.50® 10.50: beef cows, $5.25®6.75; low cutters and cutter cows, $3.50®4.75; bulk stock and feeder steers, $6.75® 8. C’aJves Nteady The calf market was practically steady. Most sales were at sl6 down for good and choice kinds; best vealers were $16.50. Estimated receipts were SOO. Prices In the sheep and lamb branch were about steady. The run. 600, was the same as Thursday. The main prices were: Top fat lambs. $12.50; bulk fat lambs. sll® 12.50; bulk cull lambs, s6®9. —Hogs— Re.-chits, 7.500; market Towrr 130-200 11% $ 12,00*i 17 30 200-250 lbs I2 10*i 12 •'.* 3jo lbs. up 12.00® 12.15 —Cattle ReeelpK 1.000: market strong to higher Beet steers . ... $7.50 *, 11 on Bulk stock and feeder steers. 0 75*1 8.00 Beef cows 525 <h 7.00 Low cutters and cutter costs.. 3 500 4.75 —Cal* es— Receipts. 800: market steady Bess vealerx $15.50*, 10 50 Heavy calves 6.30® 9.00 —-Sheep Receipts. fiOO; market weak to lower Ton fat lambs $12.50 Bulk fat lambs 11.00012.50 Bulk cull lambs 6.00® 9.00 Other Livestock LOUISV ILLE, Jan. 21.—Hogs Receipts. 800: market steady: tops. $12.15. tattle—Receipt*. 100: market steadv Calves—Receipts, 300; market stead* good to choice. $12013.50: medium to xood. s9® 11; outs. $9 down. Sheep Kfodets., ?° : market steady: top lamb* 510.50® 11; seconds. $7®7.50; sheep. $5 ® 0.50. PITTSBURGH. Jan. 21.—Hogs . Receipts, 1.81)0 market generally steadv-o-U it? a 'iV *j*" $lB 23(a 12.40; 200 to 40 ,"' '2 l 0 to 200 lbs.. *13.60® 12.70; 130 to 160 lbs.. $12.60*1 1.. 90 to 130 lbs., $12.00*1 12 75packing sows, SIOO 11. Cattle—Receipts none: calves. 150; market for calves 60c lower; be® Mccr* SB% 10: vealers. slo*, Itt.oO Sheep—Receipts. 1,500: market slightly lower: top fat lambs 512 73 bulk fat Ismbs, 512.70; bulk cull lambs, $8 ® 0.50. EAST BUFFALO. Jan. 21.—Hogs Receipts. 3,400; ho’devers 735: market steadv ‘"fOy, OP 7.>0-350 lbs. $12.35*5 12.60’; l”, 8 > 12.7.5: 160-200 lbs . [email protected]; 130-100 lbs, $12.65® 1.. 90-130 lbs.. $12.60*112.80: pack'll! sows $10.25® 11. Cattle—Receipts •DO: calves, receipts 900; market weak 200 lower; calves 50e up: vealers. $10.50 017. Sheep—Receipts, 9.200: market 25r down; bulk fat lambs $12.50: bulk cull lambs. $10.50® 11: bulk fat ewea. so®7.

EXPORTS CAUSE LOWER WHEAT Outgoing Trade Improves, Cutting Price. Bv United Press CHICAGO, Jan. 21.—Local traders were inclined to be favorable to the buying side of wheat at the close on the Chicago Board of Trade yesterday because of the greatly improved export business, but the actions of the Liverpool market today was anything but conducive to higher prices. Wheat opened to %c lower than the previous close. Corn opened unchanged to lower than Thursday’s close. There is a local sentiment favoring higher prices for corn, but it is difficult for advocates of higher prices to keep futures advancing when the country Insists upon selling. Oats opene3 unchanged to %c higher than yesterday's closing prices. Trade in this pit continues at a minimum, with no incentive to stimulate prices. —■ Provisions opened unchanged. Chicago Grain Table WHEAT— ~' Ja "' - 1 Prfv. „ High. bow. H :00. close. May J .40% 1.40 1.40% I.4oV•July 1.31% 1.31% 1.31 V, 1.31 % SC COaN—'’ I ' 28 ' 4 S- 27 ’* J ” 7 '" 1.38 May 81% .81% .81% .81 vv July 85’, .84% .84% .84% Se ffi.tfg •’ ‘ 87 86 a * 80 ’* -86 % May .40 % .48% -40 .40 July .48% 48% .48% Y E-—•" * -46 ’* 48 Ai. .46% May 1.05 1.04% 1.04% 1.04% Jul £arp * * 101,4 100% 1.00% Jaiv 12.35 12.35 12.35 March ... 12.50 12.50 12.52 May 12.72 12.70 12.72 12.70 RIBS— Jan ..... 15.87 May 14.90 CHICAGO. Jan. 21.—Carlots; Wheat. 11; com. 140; oats. 67; rye. 3. CHICAGO, Jan. 21.—Primary receipt?— Wheat, 842,000 against 042.000 corn. 703.000 against 803,000; oats. 280.000 against n.30.000. Shipments—Wheat, 458.000 against 497,000: corn. 310.000 against 426,000; oats, 256,000 against 283.000. s HARD WINTER TORONTO, Jan. 21.—The migration of vast numbers of snowy owls from the arctic into Ontario and the northern United States doesn't mean a hard winter, according to George Corson, naturalist. Mr. Corson says the arctic birds which the snowy owl usually preys upon are suffering a plague this year, and that shortage of food drove the snowy birds south.

BUILDING TRADE PROBLEM HOLDS STOCK EXCHANGE Much Interest Shown in Construction —Bulls Disappointed. By E. Walter Mockler NEW YORK, Jan. 21. —Anew element has entered into market calculation in the shape of serious discussions regarding the building industry. Trade authorities aho sounding a note and a cessation

lIHi Investment \BL f Suggestions Indiana Municipal Bonds

Description Coupon Denomination Maturity Yield Vigo County Prairieton School Twp 6% SIOOO 1928-31 4.10% Harrison County, Wash. Twp. School 5% 240 1934-41 4.05% Indianapolis Park District % .4 V<i% 1000 1933 4.05% Lake County, Ross Twp. School 5% 500 1928-36 4.05% School City of Winchester 4 ? *4% 500 1937-38 4.05% Allen County, Children’s Home 4*4% 1000 1927-42 4.00% Elkhart County, Highway Improvement . . . 4V£% 1000 1943 4.00% Elkhart County, Highway Improvement... 4l 4% 750 1934-45 4.00% State of Ind. Board of Agriculture 4 Yi% 1000 1935 : 37 4.00% Indiana Gravel Road Bonds • Boone County, Jefferson Twp 4 1 /2% $775 1928-3/ 4.05% Elkhart County Unit Gibson County, County Unit 5" 325 1935-43 4.05% Noble County, Allen and Swan Twps 5% 690 1935-43 4.05% Noble County, Wayne Twp 5% 900 1938-46 4.05% Porter County, Jackson Twp St. Joseph County, Penn Twp 4| A% 565 1932-36 4.05% Vanderburgh County, County Unit 5% 578 1929-47 4.05% Joint Stock Land Bank and U. S. Territorial Bonds 9 0 First Trust J. S. L. B. of Dallas 5% SIOOO 1957-37 4.50% First Trust J. S. L. B. of Dallas 5% 10.00 1952-32 4.50% Illinois Midwest J. S. L. B 4 V'2% 1006 1955-35 4.30% First Trust J. S. L. B. of Chicago First Trust J. S. L. B. of Chicago 4 Y\% 1000 1956-36 4.25% Porto Rico (Registered) Porto Rico (Registered) Territory of Hawaii 4j/4% 1000 1955-45 4.15% Corporation Bonds and Notes Indiana Limestone Company S. F, Deb 7% SIOOO-500 1936 7.45% Gary Street Ry. First Mortgage 5% 1000-500 1937 6.60% National Pole and Treating Gold Notes 6% 1000-500 1931 6.25% T. H. I. & E. Trac. Cos. Gold Notes Indpls. Trac. and Term. First Mortgage 5% 1000 1933 5.80% Interstate Pub. Ser. Cos. First and Refunding.. S% 1000-500 1956 5.25% Indianapolis Water Cos. First Refunding 1000-500 1953 5.20% Kentucky Utilities Cos. First Mortgage. .5% 1000-500 1961 5."20% Northern Ind. Pub. Ser. First and Refunding .5% 1000-500 1966 5.10% Pub. Service Northern Illinois Deb 5% 1000 1931 5.10% Standard Oil Cos. New York Deb First Mortgage Real Estate Bonds Interstate Terminal Whse. First Mortgage. . . Service Warehouse First Mortgage Associates Bldg. First Mortgage 6)2% 1000-500 1934 6.25% 71stSt.andS.ShoreBldg.Corp. First Mortgage. 6% 1000-500-100 6.00% Fletcher American Cos. Mortgage Cert Hotel Sherman First Mortgage .s]/£% 1000 1946 3.50% ) Fletcher American Company DfFFROIT INDIANAPOLIS LOUISVILLE • Affiliated with Tke Fletcher American National Bank

of building operations for a period has been suggested. The answer of market bulls is summed up in Federal Reserve Bank figures showing a moderate increase In building. Regardless of the pres _ent condition in the building industry. there is little doubt but that the peak of the building activity lias been passed for some time and that the trend on a national basis will be toward less building. This baa been evident for so many months that the market lias no excuse for being frightened by the present discussion. Not Lower Hope of market bulls that the New York Federal Reserve Bank rate might be lowered again was disap- , pointed today. After the meeting no announcement was made, this being ! construed as evidence that there was no change. During the better part of tlje day the market in general was iet and I uninteresting. There was no special line of demarcation in the trading ' and individual stocks were left to

follow their own devices. For a time ] in tlic first two hours the stoeks of companide which specialize in building materials were subjected to steady professional pressure, following tlie display given pessimistic utterances on building prospects. Turn Tide The morning papers were inclined to feature this factor. However the leaders in the rail division came to the market’s rescue and strong denvk'id for such issues as New York Ccttral, Atchison and some of the equipment stocks served to turn the tide in the market. Industrials held their own with t the rails while the specialities, par-1 ticularly the merchandising issues met with excellent buying. Mue.v was one of the leaders in this division of the market. Peppermint Oil I NEW YORK. Jan. Ml.—Peppermint oil—'Natural. 1.7 5: U. S. IV. ‘I.T

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| Local Wagon Wheat Local Vrain elevator are paying $1.87 lor No. 8 red wheat Other grades ar>purchased on their merit? LATEST IN BOOTLEGGING Grape Juice Vendor Hard lor Ofiiciuls to Deal With. WASHINGTON, Jan. 21.—Pi'ohibilion authorities liuve discovered a new fneniy—the grape juice boot--1 logger. | Treasury officials explained today I that this type buys large quantities I of pure grape juice from California, 1 puts it into casks and sells it. Later j lie visits his customers and treats i the juice with air and chemicals, i converting the heretofore Innocent ‘ contents of tHe cask into rich wine, officials said it was difficult to apprehend this type of law-breaker, j lie does not deal in intoxicating bevi erages directly, but merely does bis | customers a “friendly deed" free of I charge.