Indianapolis Times, Volume 38, Number 270, Indianapolis, Marion County, 16 February 1927 — Page 13

FEB. 16, 1927

HOG MARKET ADVANCES 10 TO 15 CENTS

MONEY PLENTIFUL AT 4 PER CENT; STRONGDISPLAY Trade News Stimulates Coin Supply—lndustrials Active.

Average Stock Prices

Average of twenty industrials Tuesday was 157.61, up .05. Average of twenty rails was 125.71, up .66. Average of forty ponds was 06.40. off .01. Bu United Press NEW YORK, Feb. 16.—Stocks staged another impressive demonstration of strength today under the leadership of the standard rails. Call money did not repeat yesterday’s 4% per cent rate, many offerings being available throughout the day at 4 per cent. Stimulation was also supplied by the character of the trade news, particularly from the steel industry, which reported continuance of steady expansion. This healthy situation in both the business and credit fields furnished the groundwork for further advances in many sections of the list. Industrials were relatively inactive, Bald- % win’s sensational advance furnishing the principal feature of this department, but the extraordinarily heavy trading and the sharp uprushes in the railroad list overshadowed other developments. Seasoned issues with an investment standing, including Union Pacific. Norfolk & Western, Illinois Central, Canadian Pacific, Southern Railway and Lehigh Valley, set a rapid pace on the upside, keeping well abreast of the various features of the nGn-dividend class. SELLS Alien Property Custodian Disposes of Western Maryland Shares. 81l United Press WASHINGTON. Feb. 16.—Alien Property Custodian Howard Sutherland today announced the sale of 74,070 shares of Western Maryland Railroad stock, held by the Government for German owners following its seizure during the World War, to the Bank of Manhattan Company, 40 Wall Street, New York, for $4,010,000 cash. The German owners, represented by Hugo Schmidt, New York, approved the sale, although they had refused to consent to a sale offer a year ago, Sutherland said. The stocks were originally taken over from the Deutscne-Bank, of Berlin. The stock recently has been the object of much buying activity in New York, with Baltimore & Ohio interests leading buyers. WORKING CASH General Motors Offers $25,000,006 o 7 Preferred Stock'. Bn United Press NEW YORK, Feb. 16. —Merely tostrengthen its working cash position, General Motors today, through J. P. Morgan & Cos., offered for sale $25,000,000 in 7 per cent preferred stock. The price of $l2O conformed closely with the market valuation of that stock, which closed at 12014 yesterday on the exchange. This is the first public financing for General Motors in the past six years. General Motors is one of the four billion-dollar organizations of the country. Coincident with the, new financing, the corporation yesterday issued an official summary fpr 1926. Records for both sales and profits were established. During the year, 1,215.826 cars were sold. Excluding all intcr-com pany items, sales of 1926 amounted to $1,058,153,338, or $323,560,746 more than 1925. Net earnings for the year were $786,231,182. These earnings were equivalent to $21.80 iter share of common stock after provision had been made for preferred stock.

% Banks and Exchange

—Feb. 16— INDIANAPOLIS STATEMENT Local bank clearings were $4,217,000: debits, $8,390,000. k NEW YORK STATEMENT e ' irted Press NEW Y'ORK. Feb. 16.—Clearings. sl,185,000,000; balances, $159,000,000. CHICAGO STATEMENT Bii t piled Press CHICAGO. Feb. 16.—Bank clearings, f133,200,000; balances, $13,800,000. FOREIGN EXCHANGE Bu l nitcd Press NEW YORK. Feb. 16.—Foreign ex?lianse closed steady. Demand sterling. 154.84 %. otl .00 1-16; franc*. 3.91 %e, off 00%: lira. 4.31 c, up .00%; Belga, 13.88%e, off .00%: marks. 23.090: Holland, 39.99 %e; Russia. 5.15 c; Shanghai. B3c; Yokohama. 48.88 e.

In the Sugar Market

(Bv Thonfson & McKinnon) NEW YORK. Feb. 1(5. —The tone of the *ugar futures market today was improved. Out the buying' was not at all impressive, ind received somewhat of a check upon jhe announcement that the time for. fixing production allotments of individual mils had been postponed. The delay was Utributed to the absence of President Machado. who will have to straighten out ihe matter, inasmuch as the mill owners ihemselves could not agree. There were some switches from the nearby positions Into the later months, which was charaeieritic of the uncertainty that has arisen iver the immediate trend of the markets. We continue of the opinion that any important change from current levels will ae upward and although the recovery may prove slow and frequently interrupted, we ihink profits are in prospect for those who sill buy futures and hold them. RAW SUGAR PRICES Prev. High. Ldw. Close, close. anuary 3.14 15.11 11 1 .1 It.lo March 3.12 3.08 3.11 3.08 May 3.23 3.19 3.23 3.20 July 3.35 3.31 3.35 3.31 September . . . 3.12 3.39 3.42 3.39 December 3.31 *3.27 3.30 3.20 QUAKER OATS DIVIDEND Bu United, Press • NEW YORK, Feb. 16. —Quaker ats Company today declared an extra dividend of $5 on common stock in addition to the regular quarterly flividend of $1 on the common, both payable April 15 to stock of record April 1. The regular dividend of (11.50 on the preferred was also dektred.

New York Stocks ■■ 1 1 (By Thomson & McKinnon)

Railroads— Prev. High. bow. ' Close. clow?. Atchison ..170% 168% 168 % lg§% At Coast L 192 189% 192 188% B. & O 114 113% 113% 113% Can Pacific 182 176% 179% 176 C. & 0 156% 13og log lgg% C. & N. W.. 83% 82% 82% 83 C.. R. & P.. 78% 76% 78 77% Del & Hud.. 181 179% 179% Del & Lack 154% 131% 10. -,h Erie 43% 43% 43% 43% Erie Ist ptd 57 . . . ->9% Go No pltl. 89% 87% 89 % 86% Lehigh Val 123% 121 123 121% K C South. 51 48% oO 48% L. & N 134% 132% 134% 133 M K & T. . 41 % 39 % 39 % 39 % Mo Pac pfd 102% 100% 101% 100% N Y Cen.. . 145 % 144 % 144% 144% NY NH&H 58% 55% j>7% 55% Nor Pacific. Btt % 80 86 % 85 Nor & W.. 168 160 166% 166 PereMarq. 125 133% Lo , 133% Pennsylvania 57 % .. . , *>7 % o 7 % Reading... 110% 309 % 109% 109 So Railway 123% 133% 123% 122% So Pacific. 110% 108% 110% 109% St. Paul... 16% 14*4 16% 14*;) St Paul pfd 24% 22% 23% 32% St L & S W 70% 67% 70 67% SL& S F 107 105% 106 % 106% Union Pac..170 167 168% 167% Wabash ... 67% 64% 66% 04% Wabash pfd 88% 85% 87% 80% Rubbers— Ajax Ilia 10% 1.1 11% Fisk ..... 17% 17 . 17% 17% G oodrich .. . 53 ... 53 oj% Goodyr pfd 101 ... 101 1 9S?f Kelly-Spg... 10% 10% 10% 10% US Rub... 64% 63% 62% b3% Equipments — Am C& F 104% 103% 104% 104% Am Loco.. 111% 110% 110% 110% Am Stl Fd.. 44% ... 46 46% Bald Loco. 188% 177% 186% 177% Gen Elec.. 84% 83% 84 84 Lima 72% ... 71% lats N Y Airb.. 46% 46% 46% 46 % P Steel Car 56 , 53. u 6 51% Pullman ..185% 183% 180 184 Rail Sig. . . 94% 02% 94 03 J West A 8.145% 143% 144% 145% West El . . 72 ... 71 71% Steels— Bethlehem.. 47 46% 46% 46% Colo Fu . . 62 59 59 % 00 % Crucible... 85 % 84 84 % 85 4 GuSt Stl.. 62 % ... 60% 62% Ph RC & 1 44% . . 43% 44% Rep Stl... 64 62 02% 63% Sl-§hef ...129 ... 129 130% Uu Ct Stl. .159% 1.58% 108% 159 Alloy 26% ... 36% 26% Vanadium.. 39% .• • 39 V 39 Motors— Am Bo ... ... 14 Chandler . . 22 ... 33 22 Chrysler . . 42 % 42 % 43 % 43 : Con Mo . . 12 ... 11% 13 Dodge .... 26 % 25 % 26 26 % Peerless .. . 28% .. . 28% 38% Gabriel .... 31 % 31 % 31 % 31 % Gen Mo ..157 154% 156 l.>B Hudson ... 64% 62% 63 ; 64% Hupp .... 21% 21% 21% 21% Jordan ... 19 ... 19 19 Mack 97 90 % 97 96% Mar-Par ... ... 22% Moon .... 10 ... 9% 10% Nash .... 67 % ... 66 •; 67 - Packard .. 35 34% 34% 35% Pi Arrow.. 2.1% 20% 21% 21 Studebaker. 53% 52 % 53% 53% Stew-War.. 64 % ... 63% 64% Timken 95% 93% 94 93 VVil-Ov 22 ... 21 # i 21% Wh Mo .. 56 55 % 55 % 55 % Mining—> Am Sm ..144% 143 144% 143% Anaconda.. 46% 40% 48% 46 % Cer De Pas 61 ... 60% 61% Inspiration. 23% 20 23% 23 Int Nie. . . 42% ... 42% 42% Kennecott. . 61 % 61 61 % 61 Tx G & Su 53 % ... 53 % 53 % U S Sm. .' 35 Oils— i Atl Ref ...114% .. 114 114 Cal Pet .. 31% ... 31 31% Free Tex .. 45% 44% 44% 45% Houston . . 88 % 87 87 87 % T rid pend Oil 32 .. . 30 % 31 % Mar-land Oil 58% 57 57% 57% Mid Con Pet 37% 36% 37 37% Suncricr Oil 6 % 5 % <6 gSJ P-A Pete B 65% 64% 04 % 65 • '.letfic Oil. 1% ... 1% 7% Phillips Pet 60 1 i 59% 59% 59% Union Oil. . 53 % 52 •% 52 % 52 % Pur? Oil .. 32% 31% 31% 30% Royal Dutch 52 % ... 52 52 % Shell 31% 31% 31% 31% Sinc'an- ... 22 ... 21 % 21 % Skoliy .. . ..26 35% 35% 36 f.i Oil of Cat 58% 58% 58% 59 S Oil of N J 40% ... 39% ,T> % Texas Cos . . 57 .. . 56% 57 Trans Pete .5 4 % 5 5 White Eagle . . ... ... 26 % Industrials— * Ad P.umely. 14% 12% 14 12% Allis Chaim 81% ... 9% 92 Allied Chm 139 137 ’ 138 138% Armour A.. 14% 14% 14% 14% \mer Can.. 47 46% 40% 47 Amer Wool. 24 % 23 % 24 25 AH&Lpf 51 % .;. 51% 50% Am Sal Raz 51 ... 50% 50% Cent Loath.'' . . ... ... 9% Coca Cola .177% 176% 177% 176% Cont Can .. 69% 69 69% 69% Certainteed... ... ... 47 % Davis Chem 70 69% 70 28% Dupont ..'178% 176% 176% 178 F Players .110 109% 109% 110 Gen Asphalt 85% 83% 83% 85% In Cm Eng 51% 50% 51 51 % Int Paper. 55 % • • • 55 55 Int Harv ..161% 155% 160% 155% May Dp St. 70% 69 70 09% Mont Ward 66% 64% 64% 06 Natl Lead .168 1(56% 1(57 171% Owen Eottle HO ... 80 80 % Radio n453% 53% 53% Rem Type .153 % 151% 153 153 Real Silk ..47 ... 45% 47% Sears Rneb. 55 % 54 % 54 % 55 % United Drg 165% 164 164 160 U S I P. . . 216 215 216 214% S In A1... 79% 79 79 80 Woo'worth. 127% 120% 127 126% Utilities— Am T-& T. 155% 155% 155% 155% A Express ... ... 130% 131 Am W Wks. 65 64*4 64% 65 ~ Brkl.vn Man 67% 67 67 67 Col G & El. 83 % 83 % 83 % 83 % Cons Gas. . 97 % 97 % 97 % 97 % Jnterboro . 44 % 44 44 % 43 •% No Am Cos.. 48% 47% 48 48% Peoples G. .. . ... ... 128 % Phila Cos ... 68 S Gas & El 55% 54% 55% 55% Wes Union 150% 150 150 150 Shipping— A mint Cpr ... ... 38% 39% Am S & C.. 5 % 5 5 % 5 Atlantic G ... . ... ... 36 In M M pfd 41% 40% 40% 41% United Fr 119% 118% 119 118 Foods— Am Sugar ... ... 83 82 % Am Bt Sug ... ... 24 24 Austin N ... ... , 8 Beech N P . . . ... 60 Vi 60 % Calif Pkg... 67% 67Vi 67% 07%

Commission Row

PRICES TO RETAILERS FRUITS Apples—Box apples. Jonathans. 52.25; Grimes. $1.75®2.25: Spitzenberg, $2.50; Staymens. $2.75; Delicious. $3.50. Extra fancy barrel apples—Jonathans, $5; Grimes. $3.75; Greenings, $4.50: Cherry Red Baldwins, $4.50; Virginia Winesaps. $5: Staymen, $4.25; Delicious, $7; New York Kings, $4.25; Rome Beauty. $4.50. Fancy barrel apples Jonathans, $4: Staymen. $4: Rome Boauly. $4: New York Baldwin, $2 @3.25: Delicious. $5.50. Basket apples (40-lb. baskets)—Jonathans. $1.85; Staymen Winesaps. $1.50: Delicious. $1.75: baking. $1.50; Wagners. $1.35: New York Baldwins. $1.40: Grimes. $1.50 @1.75: New York Kings. $1,50. Bananas (Jobbing Price) —s@sti lb. Cranberries—Jersey Howes, half bbl., $4. Grapefruit—Extra fancy. $4 @4.75; fancy. $3.25 @3.75. Honey—24-ease crate. $4.50 @6. Kumquats—Florida, 20c qt. Lemons—California. $3.75 @ 4. Oranges—Florida, [email protected]: California Havels, extra fancy. .$4.50 @5.50; fancy, $3.50@5. Pears—Oregon D'Anjours, $0 box. Pineapples—Cuba, crate. [email protected]. Tangerines—Florida. $3.75. Strawberries—Florida. 90c qt. SEA FOODS Oysters—Gal.. [email protected]. VEGETABLES Artichokes—California. $1.25 doz. Beans—Florida green. $9 hamper. Brussels Sprouts—Fancy California. 30c pound. Cabbage—Holland seed. 194 c lb.: new Texas. 3c. Cauliflower—Crate, $2.25. Celery—California, $5 crate; Florida. 4 @O-doz. eflSte, $3: B@lo-doz. crate. $2: Mammoth (washed), $1.25 doz.: Jumbo (washed). $1 doz. Celery Cabbage—Box. $2.25. Cucumbers—Hothouse, $3. Eggplant—Florida, $3 per doz. Garlic—California. 12 'Ac lb. Kale—Virginia Broeoli. $2. Lettuce—lceberg, crt.: $3.50; H. G. hothouse, $1.05 15-lb. basket: Texas endive, 75e dor. Mangoes—Florida peppers. $8 crate. $2 peek. Mushrooms—Pennsylvania. $1.75 @2 for 3-lb. basket. Onions—ll. G. yellow. 100 lbs.. $2.75; H. G. red. $2.75; Spanish, crt.. $1.85: Indiana white. $2. Oyster riant—ll. G.. 50c dozen. Parsley—H. G„ 50e per bunch; southern 75e doz. Peas—Mexieon telephone. $6.50 crate. Potatoes—Michigan round white, sack, $3.85: Idaho russets, $3.50 ewt.; Idaho bakers. $4: russet Burbanks, $4; Red River Oh'os $3.50. Radishes—Southern long reds. 30® 35e: hothouse buttons, $1.15. Rhubarb—H. G.. 90c. Root vegetables—Turnips. bu.. $1: parsnips, bu.. $2: carrots, bu.. $1.50: new Texas, bu.. $2: Louisiana carrots. 65e doz.; Canadian rutabagas, $2 ewt.; H. G. beets, bu.. $1.50: Texas beets. $2.25 bu.: Louiaua beets. 75c doz. Shallots—Louisiana. 500 a dozen. Spinach—Texas. $1.15 bu. Sweet potatoes—lndiana Jersey. $2.25 bu.: Nancy Halls, $1.50; Indiana mediums. $1.50. Tomatoes—Six-basket crt., s6@7.

Corn Prods 50% 49 % 49 % 50 [• Cuba C pfd 48 47% Cuba Am S. . . .• . 36% 7!!,!* Fleischmann 47% 46 Vi 46% 46 % Jewel Tea ... •>? jj? Nat Biscuit 98 9i% 9r% 98% Punta Ale. 44 Vi 44 44'?* 44 Postuni ... 97% 97% 9 < % 98 Wd Bk (B) 31% 29Vs 30% 30 Tobaccos— _ A „ Am Sumatra 48 4< 47% 48 Am Tob. . 123% 1-2 % 122 % J 77 '* Am T (Bl 122% 121% 122 131% Cons Cigars 83 82 Vi 83 83 V* Gen Cigars ... ... 53 % .;4 Liggett .. 91 % 90 91 Va 90 Lonilard ... 30 29% 30 ,30 R J Rey.. 123 122% 122% 122% Tob P (Bl 108% 108 1108% 108 U Cig Stor. 95 Vi 94% 94% 95% Schulte RS 48% 48 48 48% WHEAT REGAINS EARLY LOSSES Corn Slips and Oats Is Fraction Lower. Bit United Press CHICAGO, Feb. 16. —Wheat regained nearly all early losses on the Chicago Board of Trade today and closed within a fraction of yesterday's final figures. The market was weak early, with selling induced in part by the lower cables and in part by the lack of buying demand. Export was of small proporand the cash trade was also slow. Receipts were seventeen cars. After a firm tone early, corn sold off sharply on the drop in wheat prices. There was some commission house buying on the dip and part of the loss was regained. Receipts were quite liberal at 249 cars. The cash market was 1 to 2*eents lower, with the poor grades hard to sell. Oats were also under moderate pressure and lost fractionally on the day. The buying demand was slow, and there was scattered local selling. Receipts were twenty-nine cars. The cash trade was steady. Provisions closed higher. Chicago Grain Table WHEAT— Prcv. Open. High. Low-. Close, close. May 1.39% 1.40% 1.39% 1.40% 1.40 Vi July 1.33% 1.34 Vi 1.33% j .34 1.34 Sept 1.31% 1.31% 1.30% 1.31 Vi 1.31% CORN— May .80 Vi .80% .79% .79% .80 Vi' Julv .84% .84% .83 Vi .83% .84 Sept .86% .86% .85% .88% .86% OATS— May .45% .46 .45% .45% .45% July .43 .46 Vi .45% .46 .46 Sept .45 .45 .44 Vi .45 .45 LARD— Mav. 12.40 12.45 12.40 12.42 12.32 RIBS— Ma.v. 14.10 14.13 14 10 14.15 14.00 Mav 1.05% 1.07% 1.05% 1.07% 1.05 July 1.02% 1.04% 1.02% 1.04% 1.03 Sept .99 .99 Vs .99 .99 .98'% 81l Times Special „ CHICAGO. Feb. 16.—CarloU: Wheat, 22; corn, 190; oats. 30: rye, 1, Bl' Times Special CHICAGO. Feb. 16.—Primary receipts— Wheat. 745.000 against 617.000: corn. 1.044.000 against 1.506,000; oats, 312.000 against 403,000. Shipments—Wheat. 463,000 against 588.000: corn. 406,000 against 476,000; oats, 408,000 against 525.000. Be United Press TOLEDO, Feb. 16.—Close: Wheat—No. 2. $1.30 % .37 % . Corn—No. 2. 76 % fitJ77%c. Rye—No. 2. 81.0(1. Oats—No. 2. 47 048 c. Clover—Cash domestic. $24; rash imported. $22: February'. $17.10; March, $16.85. Timothy—Cash, new. $2.85: February. 82.85; March. $2.00. Alsike—Cash. $22.60: March. $22.75. butter—4B (j 55c. Eggs—3o® 32c. Hay —s2s. Be United Press CHICAGO. Feb. 16.—Wheat—No. 2 hard. $1.40® 1.40% ; No. 2 hard. $1.26. Corn—No. 4 yellow. 06 % fii 08 %c. No. 5 yellow. 64% (ft) 67c: No. 6 yellow. 62% fit 65 %e: No. 4 mixed, 72c; No. 5 mixed, 63% fit 660: No. 6 mixed, 62 % fit 64c: No. 3 white. 75%c: No. 4 white, 67%c: No. 5 white. 64 % 066 Vic; No. 6 white. 62 V- fit: 65c: sample grade. 51 fit 63 %c. Oats—No. 2 white. 47%c: No. 3 white. 42@45c: No. 4 white. 37fit 45c; sample grade. 33^134c. Barley—7ofit 86c. Rye—No. 2. $1.00%. Timothy—ss fit. 5.75. C10ver—527.504133.

Cash Grain

Wednesday's receipts. 89 cars. Prices quoted 41 %c I. o. n. basis to New Y’ork. Hay on track Indianapolis. Bids for grain at the Indianapolis Board of Trade were: Wheat—Steady: No. 2 red. $1.27 01.28; No. 2 hard. $1.2701.28. Corn—Eeasy: No. 4 white. 61063 c: No. 5 white. 59 0 60c: No. 4 yeilow. 00062 c: No. 5 yellow. 56%®'59c; No. 4 mixed, 58 fii 01c; No. 5 mixed, 50059 c. Oats—Steady: No. 2 white. 43fii)47c: No. 3 white. 40 fit. 42c. Hay—Weak: No. 1 timothy, $l7O 17.50: No. 2 timothy. sl6 0 10.50: No. 1 light clover mixed. sl7 (a 17.50: No. 1 clover mixed. $16.50 @l7; No. 1 clover hay. sl6 @ 16.50. —lnspections Wheat—No. 1 red. 3 cats: No. 3 red. 2 cars: No. 5 red, 1 acr; sample. 2 cars. Total. 8 cars. / Corn—No. 4 white, 1 car: No. 5 white. 9 cars: No. 6 white. 2 cars: No. 4 yellow. 1 car; No. 5 yellow. 16 cars: No. 6 yellow. 29 cars: sample yellow. 4 cars: No. 4 mixed, 1 car; No. 5 mixed. 3 cars: No. 6 mixed. 3 ears. Total. 69 cars. Oats—No. 1 white, 1 car; No. 3 white. 5 cars;; No. 4 white. 3 cars; Bample white, 3 cars. Total, 12 cars. MARKET IS IMPORTANT Lafayette as Trade Center Stressed by Purdue Speaker. Bit United Press LAFAYETTE, Ind., Feb. 16.—Importance of the local market was stressed today at the annual farm business short course at Purdue University. “Large quantities of farm products capable of local production are annually shipped into Indiana to supply local markets," said M. H. Overton of the Purdue Agricultural’ Extension Department, “while frequently the local products are of superior quality.” The short course, which closed today, was regarded by all connected with it as the most successful ever sponsored by Purdue University. Increased interest in the important business side of farming was clearly shown during the three-day course.

Peppermint Oil

(By Thomson & McKinnon! NEW YORK. Fob. 16.—Peppermint oil— Natural. $4.10fit.4.25'; U. S. P.. $4,300 4.40. Chicago Stocks —Feb. 16— * Open, High. Low. Close. Ar Del pfd. 95 % ... ... ... Arm 111 pfd. 85% 85% 86% 85% Aub Mo . . 90 90 93% 94 Lib AI & L 40 Mid West .111’-. Jlt% 111% 111% Real Silk. . 46 ... ... Sw & Cos. .118% 119 118% 119 Swift Int!.. 21 23 20% 20% Uu Carb ..106 ... ... ... Wrigley . . 51 % 51 7* 51 % 51 *! Borg <t Beck 58 % 59 58 % 58 % 111 Brick. / 51% 51% 51% 51% J R Thoi/p 48% 48 48% 48 7

Local Wagon Wheat

Local grain elevators are paying $1.25 lor No. 2 red wheat. Other grade* are purchased on their merit*

TRE INDIANAPOLIS TIMES .

Fat Lambs Higher—Cattle and Calf Prices Unchanged. —Hog Price Range— Feb. BHlk. ’ Top. Receipts. 8. 13.50012.65 12.75 7.000 9. 12.35 ® 12.55 12.60 7,000 10. 12.35012.00 12.60 5.000 11. 13.20® 12.40 12.40 6.000 12. 12.00 fit 12.40 12.40 4.500 14. 12.10 fit 12.25 12.40 3.500 15. [email protected] 12.35 4,000 16. 13.10® 12.85 12.35 4,500 The decline in hog prices at the Indianapolis stockyards was checked today, opening sales being 10 to 15 cents higher than on Tuesday. Few heavies were sold, but were steady. The general advance was 10 cents on the hundredweight for the pork market. The fresh run numbered 4,500 and holdovers 154. Most of the trading was done at [email protected], the larger figure being the extreme top. Hog Price Range The bulk of the run weighed 160225 pounds, selling at [email protected]. Prices on other weights were: 225250 pounds, [email protected]; 250 pounds up, [email protected]. Pigs cleared at sl2 and packing sows at $10.25(0) 11.00. Fourteen hundred beeves were offered on a steady cattle market. Beef steers were [email protected]; beef cows, [email protected]; low cutters and cutter cows, [email protected]; bulk stock and feeder steers, [email protected]. Steady Market Buying in the calf market was steady with Tuesday’s close. Good and choice pieces sold largely at $15.50 and some downward. Best vealers were worth sl6. Receipts in this department were 800. One thousand ovines were received in the sheep and lamb barns. Fat lambs were around 25 cents higher. Top westerns went at $13.25, the bulk at sl3 and a few at $12.75. Native lambs brought sl3 down. Bulk cull lambs sold at s6@9. —Hogs— Receipts, 4.500; market higher 130-160 lbs ?1~-00ffJ2.25 160-250 lbs l}-90fii 12 3j> 250 lbs. up 11.60fe 12 JO —Cottle— Receipts. 1,400; market steady. Beef steers R.00fii:10.25 Bulk stock and feeder steers. 6.750 8.00 Beef cows & Low cutters and cutter cows 3.75 0 5.00 —Calves— # Receipts. 800: market steady. Best vealers $15.001 G.OO Heavy calves 6.00@ 9.00 —SheepReceipts. 1.000: market higher. Top fat lambs $13.25 Bulk fat lambs 11.50013.00 Bulk cull lambs 6.00 0 9.00

Othtr Livestock Bit United Press CHICAGO. Feb. 16.—Cattle—Receipts. 13.000: most killing classes steady; vealers 50c lower; strictly choice heavy steers absent; best around $12.75: several loads heavy Kansas fed bullocks $12110: in between grade weighty steers, slo.sofii 11.75; most yearlings $lO downward: medium i good light steers predominating; stockers ! and feeders mostly $7.25fit8.50: propects. sl”@l3 on light vealers to packers: shippin*, kinds very scarce. Sheep—Receipts. 16,000: market opening fairly active; fat lambs strong to around 15c higher: quality considered: choice handv weights scarce: early sales to shippers. $13.50; best held higher; early bulk wooled lambs, sl2.B:>fir 13.36; few loads heavy lambs sl2.Bsfit 13.25; culls slo® 10.>0: sheep strong: fat ewes. $7.504i 8.50; $9 bid oil good aged wethers: fed lambs strong; $12.50013 for desirable kinds; mixed fat and £ cyders. $13.35; medium finishers around $12.25. Hogs—Receipts. 1.3,000: market slow, early sales mostly 10015 c higher; heavyweights. $11,40 0 11.75; mediuniweights. $11.600. 11; lightweights. $11.70 fit 12.15; lightlights. $11.50 fit 12.15; packing sows. $10.40011; slaughter pigs. $11.35012. Bn United Press CINCINNATI. Feb. *lO. —Hogs Receipt*. 2.100; holdofiers. 818; market steady to 5c higher; 250 to 360 lbs.. 5n.35G1C.10: 200 to 250 lbs., sl2® 12.40: 160 to 200 lbs.. $12.25012.40: 130 to 160 lbs.. sll.Bs(it 12.25; 90 to 130 lbs.. $lO 011.85: packing sow*. s9.2sfit 10 50. Cattles—Receipts, none; salves. 400; market steady; Istf steers. $7.25010.25: light yearling steers and heifers, $6.50 fir 10: beef cows. $5 0 6.75; low cutters and cutter cows. $3.75fit4.50: vealers. $10.50 0 15: heavy calves, $6010; bulk stoeker and feeder steers. sOfit7. Sheep— Receipts, 200: market for lambs steady to 25c higher; top fat lambs, $13.75: bulk fat lamb*. slofit 13.'T0: bulk cull lambs $507; bulk fat ewes. $3.60 06. B '/ Times Special • LOUISVILLE, Feb. 16.—Hogs—Receipts. 500: market uneven; tops. sl2. Cattle— Receipts. 100: market steady. Calves—Receipts, 200; market steady; good to choice. sll.sofii) 13.50: medium to good. $5.50(5 11 :50; outs. $9.50 down. Sheep Receipts, 50; market steady: top lambs. sll @l2: seconds, s7.sofit 9; sheep, ssfit 5.50. Bn United Press EAST BUFFALO. Feb. 10.—Hogs—Reeeipts, 1.600; holdovers. 1.759: market 25c lower: 250 to 3511 lbs.. $11.75012.25: 200 to 250 lbs., sl2fii 12.50: 160 to 200 lb*., sl2.4ofii 12.75; 130 to 160 lbs.. $12.50 fit 12:75; 90 to 130 lbs.. 512.60 fit 12.75: packing sows,'slo.sofit 11.25. Cattle—Receipts. 200; calves. 200; market steady, vealers, $16016.60. Sheep—Receipts, 2.600: market strong: toil fat lambs. $13.60: bulk fat lambs. $13.50 0 13.00: bulk cull limbs, $11.50012; bulk fat ewes. $0.5008. Bit United Press PITTSBURGH. Feb. 16.—Hogs Re eeipts. 1,500; market slow steady; 250 to 350 lbs, $11.90012.15 : 200 to 250 lbs.. $12.1561)12.40; 160 to 200 lbs.. $12.40® 12.70: 130 to 160 lbs.. $12.00® 12)70; 90 to 130 lbs.. $12.60012.70; packing sows. slofit 10.25. Cattle—Receipts, 10: calves, 50: market steady: beef steers, $9 fit 1 (I; vealers. sl6 010.50. Sheep—Receipts. 300: market slow, steady; top fat lambs, $13.50. Bu United Press CLEVELAND, Feb. 16.—Hogs—Receipts, 1,300; market, steady: 250-350 lbs.. $11.75012.25; 200-250 lbs.. $12.25 fit 12.50: 160)200 lb.*., sl2.sofit 12.75; 130160 lbs.. $12.05 fit 12.76; 90-130 lbs., $12.706< 12.75; packing sows. $10.25® 10.75. Cattle —Receipts. 200: calves. 400: market, steady,, weak: beef steers. $7.75 fit 8.75; beef cows. $5.00 fit 8.50; low cutters and cutter cows. $3.25 0 4.50; vealers, $16.50 fir 17.50. Sheep—Receipts. 2.400: market steady, 15c lower; top fat lambs. $13.25: bulk fat lamb*. $13.00 fit’ 13.35: bulk cull lambs, SIO.OO fit 11.50; bulk fat ewes. $5.000 7.00. Bii United Press TOLEDO, Feb. 16.—Hogs . Re-Tints. 600:: market steady on heavies. 15c higher on lights: heavies. $11011.50; mediums. sll.6sfit 11.85: Yorkers. .$12.25@ 12.75: good pigs $12.50fit'12.75. Calves Receipts light; market steady\ Sheep and lambs—Receipts, market steady. New York Curb Market —Closing— Bid. Ask. Anglo American 20% 21% Continental Oil 20% 21% G'.lena Signal 13 14 Humble Oil 59% 110% Imp Oil of Canada 45 % 46 Inil Pipe Line 67 68 Int Pete 39% 34% Ohio Oil 63 63% Prairie Oil anti Gas 53 % 54 % Prairie Pipe Line 144% 145 Standard Oil Indiana 70% 71% Standard Oil Kansas 19 10% Standard Oil Kentucky 119 t 120 Standard Oil Nebraska 49 49% Standard Oil Ohio 335 344 Vacuum Oil 103% 104% Mountain Prod 20 26% New Mpx and Ariz I.d .... 12%. 12% Salt Creek Prod 31% 31% Land of Florida 27%, 29 ' • Curtiss Aero 20 % 21 Durant Motors Del 9 9% Elec Bond and Share 08 68 % Elec Investors 33% 33% Ford of Canada 450 46(1 Goodyear 30 30 % Midvale Company 23 % 25 National Leather 2 % 3 Reo Motors 21 % 22 Serv El 8% 0 Stutz Motor 19% 20 Cities Service com 57 % 57% Cities Service pfd 01% 91% Cities Scrv Bankers 28 % 29 Marmon 58 59

Produce Markets

Butter (wholesale price)—Creamery beat grade, a pound, 62 0 54c. Butterfat—Local dealers pay. 51 0 o3c a pounds. . Eggs—Strictly fresh delivered at Indianapolis. 22 fit 24c. „ Poultry (buying prices) Hens, large breed, 22024 c: Leghorn. 17@l8e: roosters and Leghorn stags. 14ft 16c; staggv young spring*. 16 ® 17c: soft meateu springs. Ino 20c: Leghorn springs, lufir 16c: ducks. 17 @ 20c: geese. 11 fit 13c: turkeys, young toms. 30 fii 35c: hens. 30 fill 35c: old tom*. 25i2Ke: guineas, Sue; capons, 8 lbs. ui>; 27c: 7 to 8 lbs.. 24 fii! 28c; under 7 lbs. and red heads, 230 24c. Bii United Press CLEVELAND. Feb. 16.—Butter Extra. 50c. ill tub lots: standards. 49 %c. Eggs—Extra, 34c; extra firsts, 32'ic; firsts, 30c % ordinary. 30c: pullet. 27c. Poultry—Heavy fowl range, 28fi/’2oc: medium. 24 0 26c; Leghorns. 22 fii 23c: heavy springers. 28fii30c: ducks. 32fii 35c: geese, 24 0 20c; 1-ocks, 10 fii 17c; stags. 20 fir 22c. Potatoes—Round whites. 150-lb. sacks, Maine $4.250 4.35: New York, s3.sofii 3.75: Ohio range. $3.250 3 50: Michigan mostly $3.65. some $3.75. poorer $3.50: 12-lb. sacks Maine. $3.65: Idaho rus&ets bakers range. $3.75 0 4.10: Ohio bushel sacks. $1.25 fit 1.35: few sales good stock. $1.50: Delaware Garnetts in hampers. $2 fii 2.50. Be United Press CHICAGO. Feb. 16.—Produce: Butter — Receipt*. 5.191 ; creamery. 49fir 49 %c; standards, sDel firsts. 470 48c! seconds. 44 046 c; extras. 50 %c. Egg—Receipts. 13,328: ordinaries. 27c; firsts. 28®29e: seconds. 28c. Cheese —Twins, 24c. Poultry —Receipts. 3 cars; fowls heavy, 20c; springs. 29c; ducks. 32c: geese. 23c: turks. No. 1. 30c: roosters. 20c. Potatoes —Receipts, arrivals. 67 cars: on track. 211: in transit. 082: Wisconsin sacked round whites. $t.90®2.10: mostly. $1.95 fii 2.00; Idaho sacked russets. $2.60 0 2.80, mostly. $2.700 2.75. Sweets—sl.7s. Be United Press NEW YORK. Feb. 16.—Flour—Dull and unchanged. York—Quiet: mess. $37.50. Lard—Steady: middle west. sl2.ssfin 12 05. Sugar—Steady: 96 test. 4.00 c: refined, easier: granulated. 5.95fii0.15c. Coffee Rio No. 7, 14%c! Santos No. 4. 18c. Tallow—Steady: specials to extra, 7 % fii 7 % c. Hay—Easy: No. I. $1.30; No. 3. $1 fir 1.15: clover. $1.0" fii 1.25. Dressed poultry Quiet: state milk, common to special. 27% 45c; capons. 28046 c: fowls. 17033 c: ducks. 220 21c: Long Island ducks. 30fii 31c. Live poultry—Steady; geese. 11® 30c: ducks* 19fir30c: fowls. 30 0 32c: turkeys. 25fi<30e: roosters 18c; chickens. 24 fii 32c; broilers, 38 fii'4Bc. Cheese Quiet: sttae milk, common to special, 27% fit 28c: young Americas. 27fit 27 Vic. Butter—Receipts. firm: receipts. 11,127: creamery extras, 51 %c: special market. 52 firs2%c. Eggs—Easier: receipts. 20.497: nearby white fancy. 38®39c; nearby state whites. 330 36%c: fresh firsts. 32% fit' 33%c: Pacific coast, first to extras. 31 fii 39c: western whites, 32 fii 35 %c: nearby browns. 39 fii 40c. Potatoes—Lone Island. $2.7606: Jersey, basket. $1.50® ’.75; State. $3.25 0 4 10; Maine. $3.500 4.75; Bermuda. $7 fir 15. Sweet potatoes—Jer. ary. basket, 60efii$2; southern, basket, 50c 0 $1 4.V

Indianapolis Stocks

—Feb. 10— —Stocks— Bid. Ask Amer Central Life 425 Amer Creosoting Cos pfd...101 103 Ad Kumely Cos com 12 % ... Ad Rmncly Cos pfd 30 38 Belt K R co m 66 70 Belt R R.pfd I. 57 01 Cent Ind Power Cos pfd 89 91 Cities Service Cos com .... 57% ... Cities Service Cos pfd 91 % . ; . Citizens Gas Cos com 49% 51 Citizens Gas Cos 106% ... Commonwealth Loan Cos pfd 99 Fqidtahle Securities Cos com 51 ... Hook Drug Cos com 20 .... Indiana Hotel com 120 ... Indiana Hotel pfd 10(1 ... Indiana Pipe Line Cos 68 .. • Indianapolis Gas 59% 61% Indpls & Northwestern pfd.. 50 .. . Indianapolis St Ry 38% 40 Interstate P St-r pr lien pfd 99% 100% Merchants Pub Util Cos pfd. 1 Oil ... Progress Laundry com .... 22 % ... Pub Sav Ins Cos 1§ ... Raub Fertilizer pfd 48% ... Real Silk Hosiery pfd 98 Standard Oil Cos Ind 71% ... •Sterling Fire Ins Cos . . T H I & E com 2 13 T H I & E pfd 24 27 r H T & L Cos pfd 89 ... Union Trac of Ind com 1 Union Trac of ind Ist pfd .. .. 10 Union Trac of Ind 2no pfd.. .. 2 Union Title Cos com .. 88 Van Camp Pack Cos pfd.... Id -.-i. Van Camp Prod Ist pfd ... 91 97’, 1 Van Cam? Prod 2nd 95 Wabash Ry Cos com 66 ... Wabash Ry Cos pfd 87 ... —Rank Storks— Aetna Trt.it aud Sav C 0... .115 ... Bankers Trust Cos 132 ... City Trust Cos 140 Conttnentpi National lid ... Farmers Trust Cos 24J ... Fidelity Trust Cos 162 ... Fletcher American .......170 ... Fletcher Sav and Trust Cos. .260 Indiana National Bank ....270 274 Indiana Trust Cos 230 250 Livestock Ex Bank 162 Marion County Bank 190 ... Merchants Nat Bank 326 Peoples State Bank 186 ... Security Trust Cos 275 ... State Savings and Trust ... 84 94 Union Trust Company ...-410 .... Wash Bank and Trust C0...158 ... —Bonds— Belt R R and Stockyards 4s 90% ... Broad Ripple 5s 79% ... Central Indiana Gas 5g.... 98 ... Cent Ind Power Cos ds 195 ... Cent Ind Power Cos 7s 100 . . . Citizens Gas Cos 5s 102% 103% Citizens St R K 5s 84% B,> Home T and T of W os. . . .103. 104 Indiana Coke and Gas 0e..102’4. ... Indiana Hotel 5s 98% ... 'ndiara Northern 5s 2 ... Ind Ry and Lt fie 9.) ... Ind Service Corn 5s 92% ... Ind Union Trac 6s 4 ... Indpls Col & So 6s 98% Tndpis Gas Cos 5s 99 % 109% Indpls I.t and lit 5s 10] Ai 102 Indpls & Martinsville 5s ... 73% 74% Indpls Northern 5s 21% 23 ‘a Indpls tc Northwestern 5s .. 73% <4% Indpls & S. E 65..., 2 ... Indpls Shelby &S E 65.... 2 ... Indpls St R.v 4s ......... 64 flu Indpls Trac and Term 55... 9. 96 Indpls Union R.v ss. . ..... 101 Indpls Water Wks Sec Cos.. 100 ... Indpls Water 6%s 103% 104% indpls Water 4 * 94% 9a % Interstate Public Serv 05..102 ... Jnterstate Pub SBs 6%5...103% ... T II I U .it 80 T H T and Lt 5s 93 Union Trac of Ind 6s 19 20 —lJbert.v Bonds—--Ist 3%s 101.40 101.50 Ist 4 % s 103.20 103.30 •>,141/.,, 100.50 100.70 3d 4% s 101.30 101.60 4th 4 %s' 103.70 104 .00 IT S Tr 4%s 110.80 110.1,11 U S Tr 4* 100.50 100.70 U S Tr 3%s 103.80 104.00 *sls liquid paymt.

In the Cotton Market

(By Thomson A MeKinnonl NfcW YORK, Feb. 16.—Fluctuations in the cotton market this morning ranged from three to ten points under last night s elose. Liverpool was disposed to advance, their spot sales continuing to indicate an active mill demand. The Journal of .Coni; nterce reports spot sales in Memphis 6t> per cent greater than the corresponding week last year and sales in ten representative southern markets 193.000 bales, against 60.000 last year. These conditions do not lend themselves In any bearish view of the market. There lias been liquidation of outside Interest at tilts level, but against it must be put a persistent European as well as Japanese demand. American mills are not so aggressive in their nurehase*. but it is a matter of common knowledge that they are spinning ootton in very large volume Cotton is being sent to New York fdr delivery, but it seems a costly procedure to us. ami in the end will make no lasting impression upon prices. With the present textile eonditton both at home and abroad, entton should sell higher. NEW YORK Open. High. Low. Close. January .... 14.07 14.77 JUJH 14.64 March .... 13.93 13.93 13.77 13.77 Mav . 1417 14.17 13.98 13.99 July I! 14.34 14.35 14.21 14.23 October .... 14.56 14.57 14.43 14.43 December .. 14.72 14.72 14.60 14.60 NEW ORLEANS v A High. Low. Cloge. March .. j 1:1.02 12.78 12-.8 May 14.14 13.98 14.00 July 14.31 14.15 14.10 CHICAGO High. Low. Close. January 14.07 14.57 14.57 March 1401 13.87 13.87 May 14 10 13.97 13.98 July ; 14.28 14.15 14.15 October 14.47 14.38 14.38 December ■ 14.60 14.40 14.49 New York Liberty Bonds Feb 10 “ Prev. rioHP. Host. o d .u.\ 100.19 lOO.*’*’ Mh 4 %% 103.24 103.25 Tr 4%s 1952 110.29 Tr 4- 1954 iOO.IB NEIV YORK COFFEE PRICES —Feb. 10— Prev. High. Low. Close, eluse. I January 11.33 11.*40 11/10 11.45 March 13.85 13.05. 13.05 13.93 May 13.10 12.89' 12.90 13.23 July 12.24 12.18 12.18 12.47 September ...11.60 11.53 11.53 IUB6 December ...11.27 11.15 11.15 11.42

ADVANCE IN CALL MONEY FAILS 10 STOP ENTHUSIASM Rumor Causes Frantic Effort to Locate Alien Property Custodian. By Elmer C. Walzer Manager United Press Financial Service NEW YORK, Eeb. J6.—An advance in call money Tuesday to 4% per cent, the first change from a 4 .per cent rate since Jan. 20, failed to check the upward movement of the stock market, though it dampened enthusiasm in some sections of the list, particularly in issues where new financing is being done. High grade rails displaced leadership of U. S. Steel and General Motors, both of which declined after early strength. Banks called some $20,000,000 in loans to replace withdrawals made for dividend disbursements. These funds will find their way back to the market in a short time, and hence the rise ni call loans was taken as a matter of necessity and not any sign of permanent tightening in money. Picks l'p The bond market perked up today for the first time in more than a week as new bond offerings declined in Amount. Further gains can be looked for when the dividend payments ars reinvested. An interesting sidelight developed in the financial district which sent reporters scurrying around on a wild goose chase looking for Alien Property Custodian Sutherland, said to be in New York to sell 65,000 shares of Western Maryland stock held by him. He could not be located. In the meantime Western Maryland suddenly took an activity, rising 2% for the common and l>b for the pre- | ferred. Higher Kails Other railroads were strong, particularly Missouri Pacific preferred which got up to anew high for the year above par. The common also was in urgent demand, appreciating 2% for the day. Delaware, Lackawanna & Western rose 6%, Wabash 5*4 and Delaware & Hudson 2%. Oil stocks were strong through the session with best gains being scored by Mat-land, Phillips, Pan American Petroleum B and Barnsdall A. CocaCola International shot up 23** points on a single odd lot transaction of twenty shares. Baldwin continued to gain while Colorado Fuel moved up 2*4 points. Independent steels were higher. Weak Spot Wheeling & Lake Erie was one of the weak spots, getting down to a i new low for the current decline and closing off points for the day. I Case Threshing Machine lost 2 points, American Ice 4%, DuPont 1% and Consolidated Gas l*k. Cotton prices recovered in good trade buying and grains were frac- : tionally firmer. Curb stocks continued spotty, several oil shares and industrials moving into new high ground and the small list of motor stocks spurting sharply. Foreign exchange trading was quiet and steady, the feature being a further rise in Norwegian? Kroner.

FRAUD DEFENSE OPENS Brother Harry M. Daughety Testifies at Trial. Bu United Press NEW YORK. Feb. 16.—Cross examination of Mai Daugherty by defense counsel today indicated that practically the sapi# arguments will be used to save former Attorney General Harry M. Daugherty and former Alien Property Custodian Thomas W. Miller from conviction of conspiracy to defraud the Government of their unbiased services. Mai Daugherty told the jury hearing the Miller-Baugherty case of the activities of Himself. Ills brother and Jesse Smith. The two brothers asked Smith to report on political funds on numerous occasions. They pressed their action when Harry became ill in 1923. Smith’s check-up was incomplete wjien he committed suicide in 1923. * HOUSE GIVEN TREAT Chief Doorkeeper Passes Apples to Busy Representatives. Apples were on the menu Tuesday at the Indiana House of Representatives through the courtesy of Chief Doorkeeper Everett J. Newlin. The apples were passed in huge wastebaskets after a graceful speech by Newlin. Speaker I*eslie relinquished the chair for a few minutes while Newlin thanked the Representatives for their treatment and offered the apples in lieu of “smokes.” The apples were the product of the Johnson Commercial Orchards, Mooresville, Ind. BIRDIE REEVE IN CITY Young Performer May Establish Headquarters in Indianapolis. Birdie Reeve, 16, child trodigy, who has made public appearances over the country, is at the Washington Hotel, with the view of establishing headquarters in Indianapolis, according to her father, Thomas L. Reeve. ‘lndianapolis appeals to us very much as a place to live,” declared Reeve. The girl has compiled several dictionaries, is the world's champion typist, according to her father. American Telephone and Telegraph Company BELL SYSTEM 150th Dividend The regular quarterly dividend of Two Dollars and Twenty-Five Cents ($2.25) per share will be paid on April 15, 1°27, to stockholders of record at the close of business on March 15, 1927. ‘ H. BLAIR-SMITH, Treasurer.

Predicts Huge Gain in Auto Business Bu United Prtsr -WASHINGTON, Feb. 16.—Three or four gigantic mergers in the automotive industry within the next six months were predicted today by Norval A. Hawkins, former sales manager of Henry Ford, and a witness in the $36,000,000 Ford stock tax hearing here. “The little manufacturers will consolidate rather than ho eliminated by expansion in the industry.” Hawkins said. "It is safe to forecast that in the next five years the automobile business will expand even more than it has in the past five years.” Hawkins said that there was a great future in the automobile business because “there will be no money or business panics in the United States and no more hard times.” “And there never will be a saturation point for automobiles,” lie continued. "The market for motor cars is just opening up. China, Russia. Africa, South America and other foreign nations present big markets." SPEECH OF CRAVENS PUZZLING ‘Uncle Joe’ Starts Guessing Contest With Talk for Cann Bill. Senator Joseph M. Cravens of Madison, veteran Democratic leader of the Indiana Senate, has started a guessing contest by his speech for the Cann bill on Tuesday. After urging passage of the measure which would abolish State control of utilities, Senator Cravens closed by saying that he wanted to yield the floor to younger men of his party. “I want to give the time to that young man, a newcomer in our midst, who at the beginning of this session came to me and said, in all sincerity, T will die first, before I will be persuaded not to support this Cann bill,’ ” Cravens in closing. A twinkle appeared in the Senator's eye, showing that he was next to the fact that the young man had changed his mind. Word had gone about concerning a Democratic Senator who had been promised a partnership in a flourishing firm of Indianapolis utility lawyers and also of the offer of a job on the Indiana public service commission. “Whom did the Senator mean?” was the query. BOY SLAYER, 12, WAITS Authorities Study Case of Im4 Who Killed Merrhant. Btl l nited Press BROOKLYN. N. Y., Feb. IC.—Exhibiting bravado and fright in turn, Michael Ponraskow, 12-year-old slayer, today remained in custody of the Childrens’ Society while authorities debated his troublous future. Michael shot and killed Marcus Gold in a Richmond Hill leather shop Monday ni.iht while attempting a hold-up. He will he arraigned in Jamaica children's court Friday. Even with the separation from his parents, Michael is at times unconcerned. Then remorse will come and the youngster cries: “What are they going to do to me? I didn’t mean to kill anybody.” TIRE PRICES CUT Bu United Press AKRON, Ohio, Feb. 16.—Leading tire companies today cut prices to marrfacturers on original equipment tires on an average of 7*A per cent, effective at once. All companies are meeting the new prices announced by major concerns this morning. Tire men here deny the cut presages another reduction to dealers.

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PAGE 13

YEGGS GET sl7, BUT MISS 1200 Pry Open Filing Cabinet Safe in Office. Yeggnien pried open a filing cabinet safe at the Indiana Wheel and Rim Company offices, 40 W. North St., Tuesday night, und obtained $17.50. They fuiled to get S2OO hidden elsewhere. J. L. Johnson, 5239 G.ullford Ave. office manager, said he always hid larger sums and checks about the plant. The loot was in small change, he said. The burglary was discovered by J. R. Lentz. 1737 8. Randolph Wt., an employe, who opened up today. Warren Frary, Royal Hotel, a carpenter, said he was working at the plant until 10 p. m. and nothing unusual had occurred. The thieves cut a cardboard covering over a door where the glass had been broken out and lifted a latch, according to Sergeant Volderauer and squad. Using some of Frury’s tools and others found übout the place, they pried open the safe. They left the tools and money box In ail ash barrel In the rear. War Declared on Marriage Runners Bu Times Special JEFFERSONVILLE. Tnd., Feb. 1 —Police have renewed their war on “marriage runners.” First man arrested was Myers Barker. According to Police Chief M. E. Clegg, Barker accosted Elmer Elkin. 20, and Alma Wheeler, 14, and Blain Benningfield, 17 and Florence Elkin, 17, all of Kentucky, and said he would get them their marriago licenses. Barker instructed the couples to give their ages ns 18 and 21. The four obeyed and were married by a justice of peace. Barker was fined sls in city court. FAVORS DEATH PENALTY Prosecutor Would Send Boy Slayer of Two to Chair. Bu United Press CONNEAUT, Ohio. Feb. 16. Death in the electric chair will bo the penalty demanded by Prosecutor Charles B. Cook for Floyd Hewitt, 16-year-old boy, who confessed yesterday to the murder of Mrs. Celia Brown, 27, and her 5-year-old son. Threats mob violence against the youth caused Sheriff Frank Sheldon to take Hewitt from Conneaut to the county jail at Jefferson. In the face of her son's confession, Mrs. Olive Hewitt today issued a statement denying that the boy left home Monday night, the time Mrs. Brown and her son were clubbed to death because the womnn repulsed Hewitt's advances. The mother was refused permission to see her son In Conneaut. She drove t Jefferson later to visit the Jail. PATROLMAN OUSTED Patrolman Churles W. Mitchell was discharged from the police fi rce at a hearing before the board of safety late Tuesday. The charges were drunkeness and conduct unbecoming an officer. Earl Rnolder. a city fireman, was suspended for ninety days at the same time on a charge of drunkeness.

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SEE MARTIN BROS. CO. For Wiiite Coats, prlco fl to 93.50. Ladles’ White Cover-All Aprons, price VI to $2-50. 214 Indiana Ave., Near Ohio St.

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