Indianapolis Times, Volume 38, Number 262, Indianapolis, Marion County, 7 February 1927 — Page 13

FEB. 7, 1927

SHARP lailroad sms LEAD FRACTIONAL GAINS; IRREGULA; Week Starts With Strong Outburst in Low-Priced Rails.

Average Stock Prices

Av MSP of twenty inU|letrial Saturday was 154.33. off .IS. Avtrase of twenty •tils-was 133.21. off .00. Average of utiy bonds was 00.44. off .03. ii United Press NEW YORK, Feb. 7.—lrregularity came into the stock market in early dealings today, but most price changes were narrow and the greater number of representative issues gained fractionally. Railroad shares received the most attention. . Gulf, Mobile & Northern, was an outstanding feature, rising 1 % to 54% on the opening transaction, but lator easing off to 54. Another outburst of strength in low priced rails took place at the •art of the week. Wheeling & Lake rie, which showed a net advance of 34 points in last week’s trading, was relatively quiet, but Western Maryland climbed to fresh record levels at 40, up 2%' from Saturday’s final, while Gulf, Mobile & Northern added 1 '7i to its gain of more than five points in the previous session, mounting to 6446. Price movements in the industrial list were irregular with special issues strong. Lima Locomotive spurted 2 points to 70 and A. M. Byers 1 % to 56%. Added interest was given dealings in Wheeling & Lake Erie with shorts bidding 36 per cent premium for the stock this morning. With Dow-Jones railroad average around its highest level since 1912, trading in this class of stocks showed a disposition around noon to spread from more speculative issues into seasoned dividend shares. Reading was the feature of outstanding strength, advancing 2Vh, to 10544. a new high since 1917. The recent advance has been aecoVnpanied by reports of an increase in the $4 regular dividend to a $7 basis. Wheeling & Lake Erie continued tp attract attention because of the high premium assessed on borrowings of stock. Traders with short •ontracts were bidding a premium of ;r> for a share, for share loans of twenty-four hours. Even this high figure, which was unprecedented in Hie history of the stock exchange, failed to attract largo offerings, brokers reporting the amount of stocks avoidable for borrowing purextremely limited. BIDDING FOR LOANS Highest Offer Since 1901 With §4 Per Share on Wheeling. Hi( I nitrd Press NEW YORK, Feb. 7.—Bidding by borrowers for loans of shares or Wheeling & Lake Erie Railroad stock with which to cover their "short” commitments today went as high as $4 per share, the highest offered on the New York Stock Exchange for such a purpose since the Northern Pacific corner of 1901. It. meant that borrowers were in such a position that they would pay as high as S4OO a day for loans of 100 shares of the stock. Shorts who were trapped In the new generally admitted ‘‘corner’’ of this stock during the last few days were reported to be losing thousands if not millions of dollars. The premium of 5 per cent was the largest ever paid in the history of ihe stock exchange.

Banks and Exchange

—Fob. 7 INDIANAPOLIS STATEMENT Loral bank olrarinsrs were $3,022,000 debits, $0,784,000. FOREIGN EXCHANGE Bn United Pi+ss NEW YORK. Feb. 7.—Foreign exchange obenrd Irregular. Demand sterling, $4 84 francs 3.03 Vie, oft .00'/,: lira. 4 "3c, off 13-88 <ic, off .0014: marks, ■•>.oß % o.

Produce Markets

Butter (wholesale price)—Creamery best grade, a pound. 52 064 c. Rutteriat—Local dealers pay, 51@53ea pounds. apolfs # 28® r^Ck! T fre,h dc,ivercd at Indian- , Poultry (buying prices) Hens, large i rd. 230 24c: Leghorn. 18HO20c: ronstri and Leghorn Htags. 14 010 c: stager omig springs, 10020 c; soft mealed 'rings. 326230: Leghorn springs. 10 0 f'ln: dueks. 17022 c: geese. 13010 - tur;y. young toms. 33035 c: hens. 330 k" old toms. 25028 c: guineas ronng. V; old, 35c: capons. 8 lbs. up. 29 0 30cio 8 lbs. 28@29e: under 7 lbs., and red ads. 23 @ 25c. ' - T'nitrrl Press CLEVELAND. Feb 7.—Butter—Extras, bje: standards. 49 Kr. Eggs—Extras. I'c: extra firsts. 37c: firsts, .'Joe; ordinary, tc: pullet. 28c. Poultry—Heavy fowls. 0 0 31c: medium, 27028 c: Leghorns. 23 34c: heavy springers. 37(f/2oc: ducks, ’ti 33c: geese, 22 0 24c: cocks. 10<fi l7e: J>gs. 30 >a 21c. Potatoes—Round whites. oU-pouud sacks Maine. $4.25: New York. ’■7a: Ohio range. $3.00 0 3.75: Michigan. 2.55 <<i 3.(15: 120-pound sacks Maine. : 3.550>3.05: Idaho russet bakers. $4.15. w .$4.25: Ohios, bushel sacks. $1.25 ft . .Delaware Garnetts in hampers. $2.00 BOND OFFERING LARGE Week Opens With Prospects of Bi-eaking Previous Kecord. tin 1 nitrd T*t eft* NEW YORK, Feb. 7.—The week opened on the* bond market today with new bond offerings aggregating around $78,000,000. If the ratio of offerings continues, the week’s total would wet a record surpassing the high level cf last week, in which $2117,380,000 in new financing was C 36 ted. Heading today's list was one of the s'est industrial offerings of the year, $G0,000,000 of 5 per cent sinking fund debenture bonds of the Aluminum Company of America, placed on the market at 100 and interest. Other issues included new financing of $10,000,000 of Eos Angeles Gas and Electric Corporation and a long list of small municipal bonds.

ADVANCE SENDS HOGS UP TO sl3

New York Stocks ————— B.i Thomson & McKinnon)

—Feb. 7 Railroads— Prev. Hie.J. how. t :00. -lose. ’ iohison . . 100", 104% 100 105 'I Cot L. .188% ... 188% 189% ft O ... 113 111% 113 111% nad Pao 1711 % ... 170 177 ft O ... 158% 157% 157 V, 155 ft NW .. 81 % 80% 81% 8(1 % it Ift P. 74 % .. . 74 % 74 \ Ift HUD 177% 175 177', 170', I I & Lac 147 • 145 117 144% l'i’i 45% ... 45 4.i% Krie Ist pfd 57% ... 57 58 'lt Nor pfd. 85% 8->% i Lehiffh Vat 124 ', 133% 134% 131% K C boulhn 411% 48 % 48% 49% LAN ... 133 .. . 133% 1... M K ft T . . 39% 39% 39% ... Mo Par pid 97% 97% 97% 98% N Y Cent.. 143% 141 143 140% NY NH ft It 51 50% 50% 50% Northn Pae *4 % 84 % 84% 84 % Nor &Wn 104 103 104% 101% Per? Marq 123% • ■ 133% /-l 22% Pennsy ... 57% 57% f>7% 57% Kradinsr .. 10.,% 103% 10.> 103% S Railway 133% 131% 133 133 s * So Pacific .109'.. 108% 100 108% St Paul . . . 13% 11 % 13 13 St Paul i,f.l 33' . 33 Vi 33 % 33% St L & S W 08 ... 074; 07 St T. ft S F 104 % . Hi 4% 103 % Union Pae 105% 104'; 105% 103% Wabash ... 57 55% 50 .57% Wabash pfd 8t ... 80% 81 % Rubbers— Ajax 11 % ... 10% Fisk 18% ... 10% 10% Goodrich .... ... ... 50% Goodyr pfd. 09% ... 99% 99 Kelly Spirfld 10', 10 9 % U S Rubber 00% 59% 59% 00 Kquipments— A C and F. . . ... . . . 103% A met- Loco 108% 108% 108% 108% Am Stl Fdy 45 . .. 44% 44% Bald Loco 100% 157% 100% 158% Gen Elec.... ... . . 83 % Lima 70% ... 88 % 88% N Y Airbrk 45% . . 45 45% Pr Stl Car. 38% 37% 38% 37 Pullman ...184 ... 184 184 West A B. 138 . . . 138 138 West Elec. 09% 08% 09 08% Steels— Bethlehem.. Ji!% 45% 10% 45 Colorado F. 54 % 53% 54 % 54% Crucible ... 83% 83 83% 83 Gll'f S Stl. 55% .. . .7.5', .55% P R C ft 1.. 43% 48% 42% 42% Rep Steel.. 02% 80% 62% 00% Sloss-Sheff 137 Alloy 20% ... 26% ... Vanadium ... ... 40% ■Motors— Am Bosch. 13% .... 13% 13% Chandler ... ... 32 % Chrysler ... 43% 42% 43 43 Conti Mot.. 12% ... 12% 12 Dodare 25% 25 26% 25 Peerless. ... 37% ... 27% ... Gen Motors 155% 153% 155 154% Hudson ... 01% 57% 01% 57% Hupn 21% ... 21% 21 Jordan ....19 ... 10 ... Mack 93 ... 92% 93 Martin-Parr ... ... 21 % Moon .... 10 % . 10 % .. . Nash, oo 05% 05% 05% Packard .. 35 34 % 35 Pieree-Arr.. 20% 30 20% 19% Studebaker.. 55 % 6414 55% 54% Stewart IV.. 03% ... 03% 03% Timken ... 91 % . . 91 - 90(0 Willyg-Over. 21% ... 21 % 21% White Mot. 55 54% 55 54 is Mining— , Am Smelt. 140% 139% 110% 139% Anaconda... 10% 46% 46% 46% Inspiration.. 33% . . 23% 23% hit Nickel.. 40% ... 40% 41 Kenneeott. . 01% 01% 01% 61% Tex Gft S.. 53% 53% 53$ 53 (J U S Smel..t 35% ... 35% 35% Oils— Atlanta R. 114 . . . 113% Cal Petrol.. 31% 31 % 31 % 31% Freeport T. 42% 41% 41% 42% Houston ... 91% ... 80$ 00 Ind Oil ... 33 % ... 32 % 32 Marl Oil .. 57% 57% 57% 57% M Con Pet. 38% ... . . 37% Pa-AmPB. 05% ... 04% 05' Pac Oil .. 1 % ... I■% 1 % Ph Pet ... 59 % 58 % 59 59 % Un OH .... 53 ■% .. . 53 % 54 14 PU Oil .... 29%. 29% 29$ 20$ Roy Dutch. 51 % ... 51% 51 % Shell .... 31% 31% 31% .“l’* Sinclair ... 22 . •) % 00 Skelly .... 35% ... 35% 35% Oof C 00% 60% 00% (.0% St Oofß J4l ... 40% 41 Tex Cos ... 67 ... 50% 56% Tr Pet 4 % ... 4 % 4 % Industrials— Adv Ru ... 12 11 12 io% A1 Clial ... 91% 9! 91% 90% A! Chem .138 137% 138 137% Arm A 14% 14% 14% 14% Am Can .. 40'S ... 40% 46% Am W 0... 20 25% 26 25 % A H ft L p 49% ... 49% Am Sa Ba. 51% ... 51$ Cen Lea .. 10% ... I(|% * i 1 Coco Cola .171% 171 171% lrp * Cont Can .... ... ... 70 % Dav Ch ... 28 % ... 28 % 29 Dupont ...170 175 170 170% Jam PI ..110% no 11,, 110$ Gen Asp ..84% ... 84 84% In Cos En. 45% ... 45% 40% Int Pa ... . ... ;,kv Int Har ...if7 ... 147 140', M Dept St. . 08% 08% 08% Mont Wd.. 01 60% 01 oi Nat Lead .... . . 1 ' Ow Bot ... 80% ... 80% 80$ Radio ... 51% 50% 51 %>% Rem Type. 138% ... 137 1371 Se e a^, S £. ’So S ™V* i?I% US In Ale 79 ... 7(1 1 79$ Woolworth 123 ... 122% I°3 Unities— A T and T 154% ... 154.% 154 .- Am Express ‘ " Am Wtr Wk 05 % 05% 05% * oki. 100,8 >!*s No Amn Cos 47% ... 47% 47$ Peonies Gs 129% ... 129% 128% Phila Cos ... . 87 St G and E 54% ... ’5494 y,. Wn Union. . . !! | 4 Shippins;— Am Uit Cnii 40 39% 40 39 ft A 8 and C. 4% ... 4t asZi Atlan Gulf. 37 . :mk 3- * Int M M pfd 43% 42% 43 4014, Untd Fruit J 17% 116% 117% nit Foods— Am Suyar. . 82% 8214 •>, Am Bt 81 vr. 24% ... of 1 Austin Nieh ... 1 *2, llee.-h N Pk ” ,-.7 ,f

Commission Row*

PRICES TO RETAILERS FRUITS Apples—Box apples. Jonathans. $2.25 @ Grimes. $18502/26: Spttabere. $2.60: Staymena. $2.70: Delicious. $3 50. . fant 'r barrel apples—Jonathans. Grime**. s4.oO<fc.>; (Greenings. $4.50: Cherry Red. Baldwins. $4.50: Virginia Wtnesapg, So- Stayman, $5: Delicious $7: Kms®. $4.25: Rome Beautvs. S?; >0 ,- Fa !Jf y barrel apples—Jonathans. ;t,4 04—a: Staymen. $4.60: Rome Beautv, $4.2.1: New York Baldwin. $3.23(34- Delicious. $0: VVinesape. $4.25. Basket apple? (40-lb.) baskets—Jonathans. $1,50 0 Lv-Ji Staymen Winesaps. $4.50: Delicious, $1.70Jj2: baking, $1.50: Wagners. $1.35: New York Baldwins, $1.4001.50: New York Kings, $1.50. Bananas (Jobbing Price)—4Mi@sc lb. Cranberries—lew Uuwet •, ooi. $4.50. , Coconuts—Fancy Jamaicas sack ol 100 ss™ 5.50 Dates —Hulk. 10011 c lb.- Sard" I*2 lbs.. $2.40: Dromedary. $0.10: unnitted. $0.50 Granes—Fancy Emperor sawdust kc . 83c fin $ l 73. jgGrapefrult —Extra fancy. $4.50: fancy. Honey—24-case crate $4.51)00. Kumauats—Florida 15 0"l>e nt Lemons—California. $4.30 04.75. Oranges—Florida. $3.5006.50: Californ :i nave.s, $300.50. Pears—Oregon D’Aniours $0 box. Pineapples—Cuba, crate. $505 50. Tangerine—Florida. $2.05 04.50. Strawberries—Florida. 75c. BEA FOODS Oysters—Gal.. $2.4002.75 VEGETABLES Artichokes—California 61.26 dozen Boana—Flnnda creep ner hamper ,i() (ft 4 _ Brussels Sprouts—Fancy California. 36 4c 10c lb. Cabbage—Holland seen -2*4r lb- rec cabbage He lb.: Texas. 5c lb. Cauliflower—Crate. $2.25. Ce.eiv—Amhigan ruuaret,. $2: Michigar uunbo i washed $1 dozen California *6: Florida. $4 crate. Celery cabbazt—Box. $2 Cucumbers—Hothouse. S3 @3.50. Eggnlant—Florida #2.t>() pet do* Garlic—California 12 tyr |h Kale—Virginia Brocoll. $2,25 bbl. Lettuce—lceberg < rt.. $2 @3.50: H. G., hothouse. $2.10. l.>-lb. basket: California. $2.75 crate: Texas endive. $4 bu. Mangoes—Florida peppers. So crate. $1 75 neck Mushrooms—Pennsylvania, $1.50 for 3lb. basket. Onions—H. G. yellow. 100 Ihi.. *325H. G. red. $3: Spanish, ert.. $2: Indiana white, $2. Oyster Plant—H. G.. 5Uc dozen. Parsley—H O , 60r ner Punch south rn Pile hi- * Peas —$B.so<ri!i a hamper. Pm nines— Mu-tin. 1 an round wmte *ach §4: Idaho russet*. $3.75 cwt.: Idaho bakers 4: Texas trimnps. $4.50. Radishes—Southern lons reds 30 ft 36c hothouse buttons. sl. Rhubarb—H. 6. Tsc@sl. Root Vegetables turnips, ou. $1 parsnip*, bu.. $1.75: carrots, bu.. $1.50: new Texas, by. $2: Canadian rutabaga? $2 cwt.: H G heets $l5O bu.: Texas bee-a. $2 bu. Shauots—Louisiana. 00c dozen Spinach—Texas. $1.60 bu. Sm ash—H G Hubbard bbl.. $3 Sweet Potatoes—lndiana Jersey. $2.23 bu • Nancy Halls. $1.50. Tomatoes—Six-basket ert., $0.5007.60.

Calif Pka:.. 60 % 04 04 % 00 % Corn Prod.. 48% ... 48% 48% Cuba Cn pld . . ... ... 49 Cu Am Sub 20% ... 2014 20% Fleisehmanu 47% 40% 47% 40 % Jewel Tea . . 58 % ... / 58 % 58 % Nat Biscuit 90% 96% 90% 90% Punta Aleg. 45% . . 45% 45 Postum .. 98 97% 98 98% Ward Bk 8.. § 30% Tobaccos— Am Sumatra 44 % ... 43% 44% Amcr Tob. ... ... ... 122% Am Tob B 123% 122% 123% 122% Cons Clean 82% ... 82% 83 Gen Cigars. 82% ... 83% 84 Liggett .. 103 99% 99% 99% Lorilhird . 29% ... 29% 29% R J Rynlds 122 % ... 122% 122% Tob Pro II 109 108% 100 108 % U C Stores. 95% 94$ 95% 94% Schulte R S 48% 48% 48% 48$ bearishlno H CHICAGO PII Wheat Opens Unchanged to Lower. By United Press CHICAGO. Feb. 7.—With Liverpool and Buenos Aires considerably lower than expected, due to tlie very large world's shipments of wheat to the continent and United Kingdom, caused a bearish sentiment at the opening of the Chicago Board of Trade with prices unchanged to % lower than the prevoius close. Local hears seemed ’free to confess that anew incentive to invest is needed in order to offset the influence of the larger clearances from the southern hemisphere and increasing movement in our own Southwest. Corn opened % to % cent lower. At no time in the history of the corn trade has the situation been like the present. Stocks are heavy, movement from the country has increased and visible stocks continue to pile up. Oats were unchanged to % .cent lower at the opening. Provisions opened higher. Chicago Grain Table WHEAT— rrpv H'Sh. how. 11 00. close; July }:&% kni&j l: 4 a% }•$!; May 81 % .81% .81% .81' July 84% .84% .84 % .85% Sr OATS— - * 7 ’ BT '‘ Ma.v 47% 47% .471. July 47% 47% 47% RYE— m May 1 08 1.07% 1.08 I.oß' JU LARD— 04 * 1 04 'i 1.04'. March 12 47 May 12.70 12.70 12.70 Uljf? U RIBS— X " BJ 12 85 138 > May 14-65 In the Cotton Market 1 By Thomas ft McKinnon) I YORK, Feb. 7. —This farm relief legislation is more than its name implies It deserves as blurb care and thought as the tariff legislation had hi its infancy. Nobody can guess where cotfon will seli if it passes All we can say now is that il 1 paesacf* is bullish. This week’s mnrkft, promises great, activity. Buy on every reaction. DIXON TALKS FOR JOB Indiana Democrat fctnte Qualifier lions for Tariff Position. Bu United Press * WASHINGTON, Feb. 7.—Appc:: ing on behalf of his nomination t the tariff commission, Linco!' Dixon, North Vernon, Ind., todn. told the special Senate committee ip.vestigating the commission that lie felt qualified to serve because of h;:i experience in framing tariff schedules during his fourteen years as a member of Congress. Dixon, a Democrat, was named recently to succeed Commissioner 11. 11. Glassie, whose term expired. He testified lie is in no way interested in tariff schedules, holding no stock in any corporations desiring tariff relief. The term "Dixie” is said to have originated from banknotes issued by a New Orleans bank which bore the French word for ten, "Dixie." The notes came to be called commonly “Dixies.”

Mail’Dog Team Starts

Bearing unions many others, letters from Governor Ralph O. Brewstei of Maine to Governors Alvin T. Fuller of Massachusetts anil Alfred E. Smith of New York, the first official I’nited States mail (log team leaves Minot, Maine, for Albany, Boston anil cities en route. Et F. Clark, ilriv er of the team, is seen below receiving the missives from Miss Flora J’lilsifer, da lighter of the Minot postmaster, who stands at the right.

THE INDIANAPOLIS TIMES

Highest in Several Months —Runs Continue Small. —Hog Price Range— Jan. Bulk Top. Receipts. 31. 12.204112.50 12.00 6.500 Feb. 1. 12.15® 12.45 12.1# 7.000 2. 12.30® 12.35 12.35 0.500 3. 12.25® 12.50 12.50 2.500 4. 12.25® 12.00 12.05 4.000 5. 13.20® 12.00 12.05 3,500 7. 13.00® 12.90 13.00 2,500 A sharp advance in the hog mal - - ket at the Indianapolis Union Stockyards today placed prices the highest they have been for several months. The top went to sl3, with the hulk of the sales at [email protected] per hundredweight. Receipts were fairly small in all departments, 2,500 porkers coming in. Holdovers from Saturday were 105. The market was active, prices in general being 25 to 35 cents higher than Saturday. The increase at Chicago was smaller, the top for that market being $12.75, whereas at the close of the week prices there went above those on the local exchange. Hog Price Range Most of the run offered today weighed ICO-223 pounds, which established the bulk quotations of $12.60 ip 12.90. A small lot of these also went at the new taiglrof sl3. Meat animals weighing 225-275 pounds 1 broqght $12. 50(p 12.75, and 275 pounds up sold at $12.25ip 12.50. Pigs cleared- at $12.50 down, and packing sows advanced to $10.75® 11.75. The cattle market opened the week with prices steady to strong. Estimated receipts were 700. Beef steers went at [email protected]; beef cows, [email protected]; low cutters and cutter cows, $3.75@5; bulk stock and feeder steers, $6.75@5. Vealers Up Another gain was registered in the calf market, material selling up 50 cents largely. Best vealers were $16.50, other sorts selling downward from this. Three hundred weir© received. Li (tie was done in the sheep and lamb barns. Natives sold at $12.50 down. Tiie run numbered 500. While the market appeared steady there was a slightly lower tendency in "westerns. Top fat lambs were sl2.7s;'bulk fat lambs. [email protected]; hulk cull lambs, s6Cu!>. —Hob*— Rfdeipts. 2.500; market, higher. 1.30-100 lbs sl2.ijo® 12.00 100-250 lbs 12.60® 13.00 250 lbs. up 12.25® 12.70 —Cuttle— R-reipts. 700; market steady to strolls'. Roof steen J9.00® 10.25 i Hulk stock and feeder steers. 6.75® 8.00 Beef cow- 5.50® 6.75 ! Low cutters and cutter cows 3.75® 600 —Valves—--1 Receipts. 300; market higher. (Best vealers $15.00® 10.50 j Heavy calves 6.50® 9.00 —Mlieep— Rec-ripls. 500; market, steady to weak. Top fat lambs $12.50 Bulk fat lambs 11.50® 12.75 Bulk cull lambs 6.00® 9.00 Other Livestock ttr Times Snrrial LOUISVILLE. Feb. 7. Hors—Receipts. '..000: market, roughs and stag’s steady, ■tli- rs 10c higher: lops. $12.50. Cattle—.lecipts, 1.300: market slow, steady to 25c ower. Calves—Receipts. 700; market st"ad.v: good to choice. sl2 ®l4: medium to coal. $10®12: outs $lO dojwn. Sheep —Rfonpis. 50: market steady: top lambs. 810.50® 11: seconds. $7®7.00; sheep. 95 "t 5.50. Bit I 11 iled Press CLEVELAND. f>b. 7.—Hogs—Receipts. " 100: market 15® 35c higher; 250-350 hs.. sl3 50® 13.75: 300-350 Its.. $13.75® 1 ! 15: 160.300 lbs.. sl3® 13.15: 130-100 l-s . sl.3® 13.15: 00-130 lbs. sl.3® 13.15: "king sows. $10.75® 11.35, Cattle ' ctpts, cattle receipts 1.300: calves, rents 800: market steady to strong: beet —;s. sß® 8 50: light yearling steers and ts rs. sß® 8.75: b-cf ,-ows. $54*0.75: alers. slo® 10.50. Sheep—urceipls, 5 10: market steady: tori fat lambs.' •13.35: bulk fat lambs. $1 3.75 (n 13.25: uiik cull lambs, $10®11; hulk lat ewes, slttfl. I i By I iiiled Press I INC.'NNATI, Feb. 7.—Hogs—Receipts. •'.909: holdover-. 142: market, steady; 250350 lbs.. $1 1.25® 12.05: 200-250 lbs.. sl3 05® 12.85: 100-300 lbs.. $12.75® i 13.85: 130-100 lbs. $12.75® 12.85; 90130 lbs.. $10.50® 13.75: packing sows, j $0.75® 11.00. Cattle—Receipts. 1,000; ! c-i ves, receipts. 450: market, good: steers, mostly 15® 25c on: beef steers. $7.25® in. 35: Oeb* yearling steers and heifsr, ! $0.50® 10.00: beef cow-. $5.00® 0.75: ov cutter- and cutler cows. $4.00® 4.75: Ivrii'ers, $10.50® 11.00 heavy calves, so.no | ® 10.00; hulk stock, end fe dcr steers. si( 1' $7. Sheeii—R< -eipts. '100; market, (steady: top fat lambs. $13.50 bulk fat lambs. slo.oo hi 11.00: bulk cull lambs. so.on® 7.00; bulk fat ewes. $13.50® 14.00. rrofessor Michelson, president of the National Academy of Sciences, has announced that the exact speed of light is 156.254 miles per second.

Cupid Sea Sledding

I' . - ■ -Vs> . -.

Suzanne Lenglen, empress of the tennis court, at 1 lie wheel of a speedy seasled skimming over the Davis Island Marine Speedway, Fla. Next to tier is Baldwin B. Baldwin, the California sportsman to whom she has been reported engaged, and at tholeft, C. R. Irsch, commodore of the .Davis Islands Yacht Club.

WHEELING BOARD MEETING MAY END TECHNICAL CORNER Directors Assemble Today— More Information Required. Bii I nited Press NEW YORK, Feb. 7.—The directors adjourned to meet again this afternoon pt 3 o’clock. Bn United Press NEW YORK, Feb. 7.—Action to break tlie technical corner which has sent Wheeling & Lake Erie stock soaring, costing- the “shorts” mil Hons, was expected today at a meeting of the road’s directors. The stock exchange was said to he convinced that a "vicibus corner” does not exist. Otherwise, it was pointed out. trading in the issue would have been stopped. By ail definition, however, an unintential corner brought about by buying for control, does xist. Shorts have been forced to pay an exorbitant premium rate fyr borrowing the stock, even exceeding the premium charged in the Stut’. corner of a few years back when Stutz climbed to S7OO. Convertible Stock Wheeling preferred stock is supposed to be convertible into common and if the privilege were available, shores could get sufficient stock and save the millions they are losing as the premium rate rises with the price of the common stock on the market. Should the road decide to issue new stock for conversion purposes, it would be necessary to obtain consent of the Interstate Commerce Commission and lienee some delay would be encountered. Meanwhile, shorts may beforeed to pay as high as 3% pet* cent premium—that charged on Saturday, which means that for every 100 shares borrowed $350 would have to be paid every twenty-four hours. Stock exchange officials continued their investigation of the advance, forcing members to report daily all transaction in both the common and preferred issues of Wheeling & Lake Erie. . Further investigation of dealings

$52,000 165 Broadway Building 5V2% First Mortgage Sinking Fund Gold Loan Certificates Dated August 1, 1926, Due August 1, 1951 Denominations: SSOO and SI,OOO Price: Par and Interest We Recommend These Bonds to Conservative Investors The J.F. WILD &COI J I'll, ||j I STATE BANK fgjL | til! llflk ft Ml BaM Market Street, IndUnapoßl The Oldest Bond House in Indiana

AUTO SHOW BUILDING FAIR GROUNDS }%L A Zu‘ g% 'Sally FE8.14-19 far ra WI 10:30 n. m. to 10:30 p. m. Uwfi ti The Newest in Cars, pP Trucks and Accessories sajrtlP HUSK OTOE And Hl* Greatest Band ( * Adults, 50c Free Inside Parking Children, 25c for 5,000 Cars

in Wheeling & Lake Erie were started today by the Stock Exchange. The committee on business conduct 5 sent a letter to member firms askj ing that in addition to information ' already being requested on Wheeling, | they also report eacli day until ' further notice: 1. Aggregate long and short posij tions of firms and customers. 2. Number of shares borrowed, and j from whom. j 3. Number of shares loaned and to whom, as of the close of business ul the preceding day. The request applies both to common and preferred stocks. AUTHORIZES CONVERSION" Wheeling Makes Announcement Subject to Approval. Bn United Press NEW YORK, Feb. 7.—Wheeling j & Lake Erie directors today author- | ized conversion of prior lien and preferred stock subject to the approval of the Interstate Commerce Commission and the Ohio Public Utility Commission. Wheeling & Lake Erie stock was quiet and reactionary on the New York Stock Exchange during the early part of the session, ranging between 80% and S4, or unchanged to off 3Va points from its opening price. Issuance of this stock will make available a supply with which shorts will be able to cover their commitments and will break the admitted “corner” now existing on the stock. After the meeting of the directorate of the road, borroweis bid the loan rate up still higher and loans were made at 5 per cent —that is, SSOO a day for the use of 100 shares of the stock.. Local Wagon Wheat Local (train elevators are paying $1.27 (or No 2 red wheat. Other grade* are owebaspa on tbetr merits Peppermint Oil (By Thomson ft McKinnon I NEW YORK. Feb. T.—Peppermint oil— Natural. $4.25® 4.50: U. S. P.. $4.50® 4.75. Pullman conductors and porters are being awarded stock in the company for acts of heroism and bravery in line of duty.

Facts! Facts!

Our Washington Information Bureau ha on its shelves a supply of each one of the bulletins which The Daily Times nas offered to its readers during the past year. Below is a list. Check the ones you wish, fill out the coupon below and mail as directed. Enclose the proper amount in postage stamps. Single bulletins, 5 cents; four or more bulletins, 4 cents each; 25 or more, 3 cents each; the whole fifty bulletins, $1.50. WASHFNGTON BUREAU, THE INDIANAPOLIS TIMES, 1322 New Y'ork Avenue, Washington, D. C. Enclosed find cents, for bulletins marked X on this list. NAME vy....T7 ADDRESS ....*•,.**...••t.i...., ~i CITY STATE

ORIGIN OF ETIQUETTE —Interesting facts about th® curious origins of our customs of good breeding and good form. QUICK BREADS—FuII directions for the housewife whose culinary ambition it is to learn how to mak® various kinds of quick breads. AMERICAN WARS—Condensed historical information packed with facts, about the wars in which America has engaged from the Revolution through the Span-ish-American. I AMP SHADES AND HOW TO MAKE THEM—A bulletin of instructions, plainly written, for those who wish to make at home artistic and attractive lamp shades of various materials. THE EXPECTANT MOTHER—Drawn from official sources, this bulletin will prove of great value to th® woman about to become a mother. MOVIE STARS—A list of the luminous lights of Hollywood with facts about their birth dates, careers on the screen, personal description and marital statu®. CARE OF FOOD IN THE HOME—Useful hints and suggestions for the proper preservation of foodstuffs. GOOD PROPORTIONS IN THE DIET—How to serv® well-balanced meals. HOME-MADE PERFUMES AND COSMETICS—FormuIa* and directions for making pure home-made beauty preparations. SEEING WASHINGTON —A condensed travel guide for the tourist who wishes to visit the capital of th® nation; interesting facts about public buildings ..nd places. INDIAN NAMES AND THEIR MEANINGS—Drawn from government sources and historically accurate. COLUMBUS TO COOLIDGE—An outline of American hi®tory giving the high spots in the nation’s life. BASEBALL AND FISTIC STARS OF TODAY—Brief biographical facts about the outstanding figures in these branches of the sport world. HOME CONVENIENCES—Directions for building and installing a number of labor saving devices in th® home. DOUGHNUTS AND CRULLERS—A cookery bulletin of receipts for these dainties. DREAMS AND THEIR MEANING—A compilation showing the most popular* meanings ascribed to various dreams. HOUSEHOLD PESTS—The bedbug, the ant, the roach, the centipede, the fly and the mosquito—how to eliminate these pests from the house. SAFETY IN THE HOME—How to guard against aocidents from gas, electricity and poisons used in th® home. BIOGRAPHIES’ OF THE PRESIDENTS—The facts In th® lives of all the Presidents of the U, S. HISTORIC WORDS--Phrases that you use daily and wonder who first used them.

APPLES AND APPLE DISHES—Forty ways of using apples in delicious dishes. CHRISTMAS' CUSTOMS—The origins of all the customs of Christmas time. HOW TO INCREASE THE WEIGHT—Simple rules for putting on flesh. HOROSCOPES FOR THE YEAR—What the astrologer* predict for persons born on different dates. VALUES OF OLD-COlNS—Listing practically every U. S. coin of value to collectors. FIFTY WAYS TO COOK POTATOES AND EGGS—A bulletin of recipes for preparing these nourishing foods in many attractive ways. PALMISTRY—The standard rules for reading the lines of the hands to tell fortunes. FACT AND FANCY—A bulletin of curious Information telling things that people think are so which are not so, and things they think are not so which are so. PIES AND PASTRIES—A cookery bulletin with full directions for making toothsome desserts of the pi* and pastry order. THE ESSENTIALS OF PARLIAMENTARY LAW—Useful alike to the man or woman in club, lodge, convention or meeting. OLD-FASHIONED DANCES—SimpIe directions for dancing the old-fashioned dances. AUTOMOBILE PAINTING—A bulletin listing the mv terials needed and giving full directions for reflnishing the family car. FOREIGN DISHES—An interesting compilation of odd dishes drawn from foreign sources. DESSERTS—A helpful bulletin for the housewife who 1* “stumped” on what dessert to have. Full direction* and recipes. HOME-MADE BEVERAGES —Hot and cold drinks for every occasion and how to make them. NICKNAMES AND THEIR MEANINGS—A compilation of interest historically as to the origins of famou* nicknames. AUCTION BRIDGE RULES—A bulletin for the average bridge player who wishes to improve his game. AROUND THE U. S. COOK BOQK— Recipes drawn from every section pf the United States telling how to make famous dishes of local origin. AUTO CAMPING AND TOURING—UsefuI suggestion* for the gypsy motorist. HOME CANNING —A bulletin the housewife will want ready for the canning season. THE ETIQUETTE OF DRESS—What to wear; th* proper thing for every occasion. FROZEN DESSERTS—Delicacies from the freezer and the ice box and how to make them. OUTDOOR GAMES —Suggestions and directions for games to be played by groups on outdoor parties. TRAVEL ETIQUETTE—The proper thing to do in hotel, train, ship. CARE OF CANARIES—If you have a pet canary, you will want this bulletin. PSYCHOANALYSIS SIMPLIFIED—The science of.th* reasons for behavior simply explained. SIMPLE PLUMBING REPAIRS IN THE HOME—Useful to the man of the house in repairing small troubles with the pipes. LOVE, MARRIAGE AND HAPPINESS—A bulletin that every mother might well place In the hands of her daughter—the facts of sex, love and marriage told in an understandable way. LETTER WRITING —Helps and suggestions for the writ* ing oMetters of all kinds. WIT AND HUMOR—Jokes and toasts that are famou*.

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