Indianapolis Times, Volume 38, Number 310, Indianapolis, Marion County, 5 April 1927 — Page 11
APRIL 5, 1927
PRICES BREAK UNEVENLY IN PORK TRADE
STOCKS ADVANCE IN LIVELY TRADE ON N. Y. MARKET Steel Pushes Above 170 — Pennsylvania Highest Since 1914.
Average Stock Prices
Average of twenty industrials Monday was llll.TO. up 1.04. Average of twenty rails was 131.10. up 1.09. Average of forty bonds was 07.38, up .01, new high. Bu I nited Press ' NEW YORK, April s.—Vigorous buying of rails Monday carried the average for this class of stocks at the elosg to 131.16, the highest price since 1909. This spectacle of rising prices attracted further large buying orders overnight and the whole market opened with a burst of activity at rising prices. New Records Steel Common reached a fresh record high at 17091, up 91. while Pennsylvania reached anew high since 1914 at 62%, and new highs on the movement were reached by Erie first preferred, and Gulf, Mobile & Northern. Prices fluctuated with marked irregularity around noon. Individual stocks broke to new lows for the year and at the same time other issues weAe pushing into new high ground on the current advance. American Woolen preferred broke 2 points to 66, Fox Film A 4 points to 61 %> White Sewing Machine a point to 2394 and Wright Aeroplane 694 to 24*4. Bears Resisted However, General Motors, Baldwin and other leaders displayed good resistance to bearish pressure, while the seasoned rails were stimulated by declaration of another extra dividend by Atchison. This was the second quarterly distribution of this kind, encouraging the belief that the stock would continue to pay the equivalent of $lO annually until action had been taken with regard to a distribution of the part of the road’s huge surplus through the payment of a stock dividend.
Banks and Exchange
—April 5 IXIITWAPOUS STATEMKNT T.ooal bank Hearings were $3,014,000: il.bits. $7,275,000. NEW YORK STATEMENT Un Pelted Press NEW YORK. April s.—Clearings, sl,200.000.000. balances. $123,000,000.
Local Wagon Wheat
Local crain elevators are paying sl.lß for So. 2 red wheat. Other grades are purchased on their merits.
Produce Markets
Butter (wholesale price)—Creamery best (trade, a pound. 62® 55c. Butterfat —Local dealers pay 62c a pound. Eggs—Strictly fresh delivered at Indianapolis. 10® 20c. , Poultry (buying prices)—Hens, large breed. 22® 23c: Leghorns. 18 ®)2oc: roosters. i3®lsc: 1027 broilers. IVa lbs. up. 35® 40c: Leghorn broilers. 30® 35c; •lucks. 18® 20c: geese. 10<S 12c turkeys, young tom. 30® old toms, 25c; liens. .10® 32c; guineas. 35c. Ill' United. Frets CLEVELAND. April s.—Butter—Extra, i ."O'go in tub lots: standards,- 50 1 ic. Eggs -—Extras. 2Tc; extra firsts. 2oe; firsts. 24c: ordinary. 23c. Poultry— Heavy f o\vls. 3032 c: medium 32®'33c: Leg--60 Ac o.'lc: Leghorn broilers, 43® 47c. Potatoes—Round whites, 150-pound sacks Maine, $4.25(04.50: 'Michigan, mostly ■'>3.4o ® 3.50; New York, $3.40® 3.50; Idaho russet bakers. 115-pound sacks. sl. Ohio bushel sacks, $1.25® .1.35: Maine two-bushel sacks. $3.50® 3.00: Colorado Rrown Beauties. 120-pound sacks. $3,85® 4: Florida, barrels Rose No. 1, $9®.0.25. Bu United Press NEW YORK, April s.—Flour—Quiet and easy. Pork—Easier: mess. $37. Lard Dull: mkldlewest, $12.80® 12.00. Sugar -—Raw. easier: 06 test. 4.61 c: refined, dull: granulated. 5.85® 6.05 c. Coffee Rio No. 7, 16 ’4 ®l6 %c. Santos No. 4. JB® 18 tie. Tallow Steady: specials (o extras, 7H ®7He. Hay—Quiet: No. 1. $1.30; No. 3. sl®; 1.15- clover. sl.lo®' .1.25. Dressed poultn—Dull: turkeys. 30 Aid 46e: chickens. 204136 c; capons. 28 ® 44c: fowls, 10® 33c; ducks. 20® 23c: Long Island ducks, 22®24c. Live poultry —Firm; geese. 11® 17c: ducks, 10® 3(lc. fowls. 34® 35c: turkeys. 35® 40c: roosters, 18c: chickens. 22® 32c: broilers. 33®)55c. Cheese—Firm: state milk, common to special, 27®28c; young Americas, 27 He. Butter—Firm; receipts. 15.139: creamery extras. 51 He: special market. 52<532 He. Eggs—Firm: receipts. 69,154, nearly white fancy. 32®33c: nearbv state white. 20® 31c: fresh firsts, 24%® 260; Pacific coast. 29® 35c: western whites. 26®29c; nearby browns. 2fte32c. Potatoes—Long Island. $2.25 (w 6.15: Jersey basket. $1 ® 1.50: southern, 83® 8: state. $34( 3.85: Maine. $3.50® 4.50: Birmuda. s3® U, Sweets—Jersey baskets. 60e®52.40; southern basket. 50e®)1.05: southern barrels, $2.75® 3. Bu United Frets CHICAGO. April s.—Butter —Receipts. 14,10 ft; creamery. 49 ® 50c: standards, 50He: firsts. 48 U ®l4oc: seconds. 44®, 47c: extras. 50''he. Eggs—Receipts. 42,106: ordinaries. 22He: firsts, 23 Al 23 He; seconds, 23c. extras, 20 ’/* c. Cheese Twin*. 22 44 c: Americas, 23c. Poultry— Receipts. 2 cars: fowls, heavy 2D®3oc; ducks, heavy 32c: geese. 16c; turks. No. 1. 3do: roosters, 18c. Potatoes—Receipts, arivale 107: on track. 82.25: in transit, 61st: Wisconsin sacked round whites. s2.o;> Ac 2.20: mostly $2.10®2.15; Idaho sacked russets. SB.IO At 3.30: most $3.20 At 3.25. Sweet potatoes—sl.9o® 2. ATCHISON EXTRA Hit United Press* NEW YORK. April s.—Directors of Atchison.. Topeka & Santa Fe Railroad today declared an extra dividend of 75 cents on the common stock, and the regular quarterly dividend of $1.75, both made payable June 1 to stock of record May (i. A similar extra Was declared in January. FORI) STILL IMPROVING lIIi I tilted Press ,? DETROIT, April s.—Normal improvement in the condition of Henry Ford, Injured in an automobile accident near his Dearborn estate, March 27, was indicated today at the office of Dr. R. D. McClure. Ford may be able to be up by the last of the week, it was indicated. LOANS FOR VETERANS tti/ United Frets WASHINGTON, April s.—Gen. Frank T. Hines, director of the Veterans' Bureau, announced today sufficient funds are available to meet war veterans’ demands for Government loans on adjusted service certificates.
New York Stocks “By Thomson & McKinnon) ■■
—April 5 Railroad* — Prev. High. I.OK. 1 :00. close. MHiison . .179!* J 77 94 170 Vi 177% Atl Cst 1,..170 ... 176 175% H& O ... 11494 ... 11394 113% tan Pacific 184% 1811% 184 94 184 C& O ... 1(1(1% 165*1 105% 165Vj (' fi NW . . 82 % 82 82 8“ % C R l & P. 94 93'4 9314 94 C Del & Hull 195% 104% 105 % J 94 1., Del & Lae 103 . . . 102 103 * ki'le , . 1.>.,4% ~4’4 55 '4 Erie Isi pfd 00' , 59% 0(1 59.1 c HI Nor pf. 87% . . 87% 87% Lehigh Val .. . ... 118% k C south ~7 55'; 50 54% L& N ... 135 ... ‘ 135 133 M K & T . 45', (4 45 4294 Mo Pie pf Kill 108'. 109 108 N Y Cent. .146% 145 140 145 NY NH & II 53 *4 52*, 53% 59% Nortli Pile. 88 ... 87% 87", Nor & Wll 183 94 ... 182*4 183', Pere Marq 110 ... 119 118 Penury ... 02'.'. 02*4 02’4 02 Reading .. 111% 110% ill nf 8 Railway 12.3 % 123 % 123*4 123% So Pa rifle 114% 113% 113 % 113 St Paul ... I<4 i] 15% 6 3 14. v St Paul pfd 24 s 22 % -4 % •••> % St L A SW 73 72 72 % 71% St T. &S F 112% ... 112 % 11" % Union Pae 172% ... 17 n 4 ILI "* Wabash ... 73 rSv Wabash pfd 05 % 05% 05'4 95% Rubbers— Ajax ..... It'4 U n 11 flak ...... 18', ... is% is Goodrich .. 50 ... 551. Goodyr pf 110% ... no 1* 11 1% {' 0| h' Spglld 10 . 18% U S Rubbr 02 ■,* 01% 02% 61% Equipinenta— A C and P 102 94 ... 10° 14 10° Amer Loeo 110% . . iod-% lcwi n Am Stl Edy 44% .. . 44% 44 * Bald l.oeo 180% 180% 187*7 180% frf" Elec.. 00% 80% 89% 80% Lima .... (w .. . iih *ll4 NY. Airbrk 44'4 44% 14% 44':, ' i' Stl Car. >;> ... (14 H 4 jy Pullman ..170 177'. 179 IV7I WbUi AB. 152*, 152 ‘ IV* % 19 , - With Elec. 70 % 76 761? *76 % Steels— Bethle .... 52 94 52 9, 52'4 s*’% Coin Fuel. 70 " 72", 70 " 719. Guff's* Stl .?! 90,4 90 ** Inland Stl.. 42 % . ’-i*’% %.'•> i' - * P R C & I 42 42 4* T 40 L* Rep Steel. 71 70% 71 oi)*, Sl-Shef.. .. 131% .. M 31,; vi lt 5tee1..170% 100% 170 170 Alloy .... 35 Va ... 35 Vj 35 AC Vanadium . 51?* ... 51 ;%i 74 Motors— * ™ Am Bosh.. 15% ... 15 9* 14 94 Chrysler ..41 40% ii 40% Con M 0... 13 % ... 13 % i:i% Dodge .... 20 Oj 10", 20 If)', Gabriel .. 30% ... 30 30% Gen Mo. 187% 179*4 183'4 170 Hudson .. 00 08 94 68 94 08% Hupp 21 20% 21 21 Jordan ... 1794 ... 17% 17% Mark ... 107 105% 100 105% Mar Par ... ... 20 Moon % ... , . "ff it Nash 03'4 . 03 94 n;i % Packard .. 35% 34% 35 J 34’. Parless ... ... 25 % Pierce Ar ‘*o% Studebkr... 54% 54% 84 % 54 94 Stew V, ar.. .>8 57% 57% 57% Timken ... 87% 87 87% 80% Wlllyg-Over. 22% 22 *’2 "2 White Mo.. 50”i 50 50 49 Miiillg— Am Smelt .145% 144% 144% 144% Anaconda.... ... ... 40 % Ccr De Pas 02% ... 02% 62 tnspir ...... 191; Tilt Nick... 43% 12'. 43% 43 Kenuec 03% 03% 63% 03 Tex G& S 60*, 50% 00 00% U S Smel.. 38 ... 37% 38% At Ref.. 100 108% 100 100 Cal Pete... 3d 3d 3d •><; Prop Tex. 00% 58% 00 58% Houston . .103% 102 103 lot % Indpt Oil . . 27 . . 31 ", 31 % Marl C .. 40% 4694 40% 40% Mid C Peie. 32% ... 32% 31% Pan-AmP B 57 % 56% 57 67% Pae Oil. . . 1 % ... J % IsL Phil Pete,. 40 94 ... 40% 40% Union Oil.. 42% 42% 42% 42% Pure Oil .. 27% ... 27% 27% R'y’l Dutch. 40 ... 48 s , 48% Shell 27", 27% 27% 37 % Sinclair ... 17% 17% 17% 17% Skelly .... 28% ... 28% 28% S O of Cal 55 . . . 55 55 Soof N J 30% . . 30% 86% S O of N Y 30 % 30% 30% 30% Tex C 0... 47% 47% 47% 47% Trans Pete .4 4 4 4 Indu-tr inis— Adv Rum.... ... . 13 Allis Ch!d . . 07 % .. . 00 % 07 94 Allied Ch. 142-% ... 141 142" Armour A. 11% ... 11% 11 Am Can... 45 44% 44% 45% Am H-L ..%... 8 % 8 % Am H-L pfd . . ... . 50 '* Am Sa.f R 52 ... 5i% 62 Am Wool.. .. ... on s' Central L. . 10 ... in so Coco Cola. 104% ... 104% 194% Cont Can.. 64 ... 64 64% Cert Prod*... ... . 46 % Dav Chem.. 27% .. 27% ‘’7':, Dupont. ...225 220 225 qonttj Earn PI ...106% 105% 105% 100% Gen Asnhlt. 82% 81 81% 80'., Int C Ensrr. 52% 51% 52% 531';; Int Paper. ... ... ... 55 A* Int Hn rv . . 150 * i 157 jSB Vj 15d \ May D Sta. 08 07% 07 *? 09% Mont ’Yard 64 1 , 03% ut% 64% Nut Lead .1* . . 19:.* 103 Owen Eot. . 83 •?* ... 83 831.', Real Silk... ... . 45 % Rem Type 185% 185 185% 183 eSars-Roeb. 55% ... 55% 55% Until Drug 165 ... 165 164% Untv Pipe. 34% . 34 jiiu tSC I P .220 216 220 °l(i U S Ind Al 73% ... 73% 74s* Woohvmth 128% ... 128 iui Utilities— H A T and T 107", 167 167*4 166% Am Express . . . . imp Am WW. . 79% 78*, ’78% 78% Brklyn Man 68% 67% 68 1171, Col G and E 88 87 88 87% Cons Gas . 90 08% 08% OS*, Nil Ant Cos. 47", 46 • , I; 46 , 0 J:ls ‘‘ !:;p ‘ 133% Phil a Cos . . . . t . , in.* St G and 55 1 j ... '551; -g.v, Western V? .*. * 110% shipping— Am Int Con 41% 40 94 41% 40*1 Am Sand C 4 ... 4 ‘ 4,' Allan Gulf 33% ... 33% 047* In M M pfd 41 % 4(1 % 41% 40% Until Fruit 127 ... 126% 127 Foods— Am Sugar, 84% ... 84% 84% A B Sugary .. ... ... 00 Austin Nirh . . ... ~,i Beech N pk 5414 Calif Pack*. ... I!; 62'? Corn Prods 54% 54% 54% 54 s, Cuba C pfd 40% 30 % 40 41 Cuba A Sug 24 ... •>,•{% 04'%
Commission Row
PRICjpS TO RETAILERS FRUITS Apples—Box apples—Staymens. $0.75: Winesaps, $2.75: Delicious. $3.50®3.75 Extra fancy barrel apples Winesaps. $6: Rhode Island Greenings. $4.50- Cherry Pfd Baldwins, 83.75: Romo Beauties. st.oO: New York Kings. $4.50: New York Baldwins. 84®4.25: York Imperials, $4: Staymens. $4.50: Ben Davis. $4®4.50. Eanoy barrel apples—Htaymens. $3.75: Winesaps. s4® 4.50: Baldwins. 83.75Homo Beauty. $3.75® 4: New York Baldwins, $3,50: Ben Davis. $3.75. Basket apples (40-lb. baskets)—Staymen Winesap? $1.50: Delicious. $1.75: Romes, Si -’O: fancy Romes. 82: Winesaps. $2: Wagner*; $1.35; New York Greenings. York Kincs. $1.50: Baldwins. $1.20: Staymens. $1.75. Bananas (jobbing priec)—4H®sH lb. —Jersey Howes, half bbi. Grapefruit—Extra fancy. $4.50® 6: fancy. $3.50®4. Lemons—California. $4.50®5.25. Oranges—Florida. $3.75®4.75: California navfils, extra fancy. $4.75®6: fancy. $4.2.) (<i 5,25. ®o S l, r i lw P orrl '' s —Alabama and Louisiana. $8 24-qt. case. VEGETABLES Artichokes—California. $1.50 dor Asparagus Georgia, crate. 34® 7: bunch. 50Ac75c. Beans—Florida, green, $3.50® 5. Brussels Sprouts—Fancy Caliiornia. 30c DOiinn. Cabbage—New Texas. 3H@4c lb. Cauliflower—Crate. $3. Celery—Florida. 4®o-doz. crate. $3.50; Mammoth (washed). [email protected] doz. Cucumbers—Hotbousc. S3; Florida. $1.25 doz. Eggplant—Florida. $2 per doz. Endive—California $1.25 doz. Garlic—California. 12Wc lb. Kale—Louisville bags. $1.50. Lettuce—lceberg crt., $4.50: H. G. hothouse. $1.65 15-lb. basket. Mangoes—Florida peppers. $4.50 crate; $1.50 nock. Mushrooms—Pennsylvania. $1.60 43) 1 .75 for 3-lb. basket. Onions—H. G. yellow. 100 lbs.. $3.50® 3.75: new Texas. $5.50 crate. Onion Set9—Red and yellow. 2 bu.. 34.50: white. 2 bu . $8; Texas Bermuda plants. 5,000-crate. $5.60. Oyster Plant—H. G.. 60c dozen. Parsley—H. G.. 50c per bunch: south cm, 75c doz. Peas—Mexican telephone. $8.50 crate. Potatoes—Michigan whites. 150 lbs.. $3.60: Russet Burbanks. 150 lbs.. $4.25Red River Ohios. 120 lbs.. $3.40: Idaho Russets. 100 lbs.. $3.75: Idaho bakers. 60-70s, $4: Triumphs, 100 ibs„ $8: new Floridas. sll bbl Radishes—Southern long red*. 3(l® 3oc: hothouse buttons. $1.25 Rhubarb—H. G.. 5 lbs.. 50®65e. Root vegetables—Turnips. bu. 90c; parsnips, bu.. $1.50: carrots, bu.. $1.75: H. G. beets, bu.. $1.50: Louisiana beets. 00c dozen. Seed potatoes—Maine cobblers. 150 lbs.. s•>.so: Red River Early Oliios, 130 lbs.. $3.75: Bliss Triumphs. 150 lbs.. $5.25: Early Rose. 150 lbs . $4; Minnesota cobblers. 150 lb-.. 34.25. Shallots—Lou glana, 50c dozen. Spinach—Texas. $1.50. Sweet potatoes—Yellow Jersey. 31.75 bu.; Nancy Halls, $1.75 bu.; Southern Queens. $1.75 bu.: red Bermudas, $2.25 bu. Tomatoes—Six-basket crt.. $3.50® 5.
Fleischmann 55% 60*9 65 94 5594 Jewel Tea 57 Nat Biscuit 111 94 ... 11194 110*, Punta Aleg .. ... ... .30% Postum ... 95% ... 95 94 96 W Bk (81. 23Vi 21 21% 23% Tobaccos — Amer Sum. 54 9* 5 4 54% 54 Amer Tob 126% ... 126% 12594 Amer To B 124% 124 124 124% Cons Cigars ... ... 76 94 Gen Cigars 54 .. . 54 53 % Liggett ... 95 94 ... 05 94 96 Lorillard . 27 % ... 27 94 27*4 R.l R.vnlds 109 ", .. 109% 109%. Tob Pro B. 08%. 07% 08 08% U Clg Store 83% 83 83% 84 Schulte R S 48% 48 48 48% LEM MAT TRADERS QUIET All Grains Unchanged to Fraction Lower. Bit l 11 ilrd Pres* CHICAGO, April s.—With leading local operators inactive due to a lack of incentive for aggressive trading in wheat futures, it is but natural that outsiders should continue apathetic. Opening quotations on the Chicago Board of Trade today were unchanged to 9rC lower than yesterday’s close. Traders are more disposed to buy on breaks, but do not look for material bulges to hold long as the market of late has demonstrated that offerings Increase in sufficient volume on bulges to satisfy all demand. Shorts and longs in the corn market are apparently standing pat, while those who have no outstanding contracts are watching to see which side wilt show first signs of breaking. Prices opened unchanged to Vic lower than the previous close. Cash corn is in better .demand and shipping sales are increasing, 167,000 bushels being reported yesterday. However, a majority of the trade is bearish on the large stocks of old corn here. Oats opened unchanged to V&c lower than Monday’s close. This grain is lacking in interest and needs a new incentive to stimulate buying. Provisions opened steady. Chicago Grain Table WHEAT— —- v l )ril 5 Mar 1 T 33% &i°°’ ISlS*’' July 1.29 1.28% 1.2894 1.28*4 Sk'cOßN—' • .1.27% 1.16% 1.27 1.27 May .*. 72 % .72 94 .72 94 .72% July 77 1 .77 .77 K 77 Se OATS’—' ‘ ’ 80 • 80 '' s May 44 .43 94 .44 .44 JU RYE— 44 '* 44 ’ ' 44, ‘ 44 '* May 1.03% 1.02% 1.03 1 0-’ % J'Yaß'D—' .LOOVa .99% 1.00% 00 *4 May 12.40 12.40 12.35 July 12.57 12.57 12 55 Sept. 12.80 12.75 12.80 12.75 RIBS— May 14.40 14.40 14.40 Hit Time Soecial CHICAGO. April s.—Carlots: Wheat 28; com, 152: oats. 73; rye. 2. Bu Times Sveeinl CHICAGO. April s.—Primary rcceipti: Wheat. 5L0.000, against 465.000: com 398.000, against 630,000: oats. 335.000 against 458.000. Sliimnenls: Wheal 390.000. against 413,000: corn. 21)5.000 against 322.000; oats, 380.000. against 21.000.
In the Sugar Market
(By Thomson tc MoKinnor.) NK4V YORK. April s.—Opinion was divided over yesterday's latest news from the refined trade. Federal s announcement. whether encouraging or otherwise, according to one* point of view, failed to tell us now much improvement, if anv. we can expect in the demand. That is n very important matter. I do not talse seriously the selling attributed to current statistics on Cuban production. The last news I had about the crop indicated no change from the legal total ot 4.500.000 tons. While we are waiting for a better market for granulated and for raws. 1 think it would be well to bitv futures on tlie weak spots. MARSHAL DENIED BOND First-Degree Murder Charges Faced by Rigsby. Bu United Press NEWCASTLE, Ind., April 5. Town Marshal Melvin Rigsby today faces charges of first-degrcee murder because of the shooting of Herman Riggs, Henry County farmer, 41 years old, by the marshal Friday night. Prosecutor Paul Benson today filed the charges against Rigsby to prevent him obtaining bond for release from the city jail, where he has been held since the shooting. Three witnesses testified that Rigsby arrested Riggs and then shot him to death because the latter objected to going to jail. Rigsby, however, is not excited by the charges and claims that he began shooting only after Riggs had attacked him and was choking him to death. VETERAN EMPLOYE DIES Rises Wednesday for Daniel E. Dcupree—With City 30 Years. Funeral services will be held at 2 p. m. Wednesday for Daniel E. Deupree. 68. of 2915 Broadway, who died at his home Monday from heart disease. For thirty years Deupree has been connected with the city engineering and park department,*. AVhen Deupree came here thirtyfive years ago, Indianapolis' park system was undergoing its early development. He drew the Riverside park shelter house plans and those for White River dam. The widow, a daughter, Mrs. John Nackenhorst; three sons, Forrest E., Roy D. and Herman G. Deupree; two brothers, Simeon D. Deupree of St. Petersburg. Fla., and Milton Deupree of Greenfield, Ind., and a sister, Mrs. Amanda Richardson of Lansing, Mich., survive. PLANE FAILS TO RISE De Pinedo Awaits Favorable Wind for Take-Off, Bu United Press HOT SPRINGS, N. M., April 6. After four unsuccessful attempts to rise from the placid waters of Lake Hall, Commander Francesco de Pinedo, Fascist ’round the world flier,today was forced to postpone his flight to Roosevelt dam pending sufficient wind for the take-off. Four motor boats raced back and forth before the giant monoplane kicking up small waves in an attempt to give the machine a lift, but after an hour and a half of this De Pinedo called a halt.
THE INDIANAPOLIS TIMES
Drop 10 to 25 Cents—Cattle Strong to Higher— Others Steady. —Hog Price Range— March. Bulk. Top. Receipt*. 29. 11.104, 11.85 11.85 5.500 30. 10.90 4,11.60 11.60 5,000 31. 11.15 11.75 11.85 2.500 April. t. 11.25 (ft 11.90 12.00 3.000 2. 11.35(513.00 12.10 2.500 4. 11.40 (n 12.25 12.25 3.500 5. 11.25612.15 12.13 6 000 The largest run in more - than a week and the largest holdover in a number of weeks accompanied an uneven break in the local hog market today. In the early trade at the Union Stockyards only a few loads were sold. Prices were largely 10 to 25 cents, lower, many bids being off even more and packers slow. The run estimated 6.000 and 1,235 were held over from Monday. The bulk of sales were at $11.25© 12.15: the top $12.15. For the most part quotations were regarded as nominal. The market on pigs and sows was slow tn becoming established, packing sows finally listing at $9.25 @10.25. Hog Price Range A few 160-225-pound porkers went at $11.70® 12.15; 223-250 pounds, [email protected]; 250 pounds up, $10.50 @11.35. Prices were generally strong to 25 cents higher on the hundred weight in the cattle market. Beef steers were worth s9@ 10.50; beef cows, sfi@B; low cutters and cutter cows, [email protected]; bulk stock and feeder steers, [email protected]. The run counted 1,400. About Steady Calves were about steady with Monday's close. Good and choice kinds sold at $14.50 and downward. Best vealers maintained! a top price of $14.50. Nothing attractive was offered in the 300-head lot of sheep and lambs received today. Considering the plain quality of the material prices were quotably steady. Top fat lambs were sl6; bulk fat lambs, $14@15; bulk cull lambs, s9@l2. —Hog*— Receipt*. 6,000; market, unevenly lower, 90-13(1 lh<- $1 1 .no*, 1 i ,7ft 130-160 lbs 1 1 .65 % 11.90 1 60-200 lb* : 11.756 12 15 200-250 lb- 11.251, 11.85 2.>0 lb*, un 10.506 11.25 —-4 little Receipt*. 1.400: market, strong to higher. Beef ulcer* 59.006 10.50 Bulk stock anil feeder steer* 7.25 6 8.50 Beef cows 6.00 (g 8.00 Low cutters anil cutter cows. 4.00% 5.25 —Calve*— Receipt*. 1.100: market, about strndy. Best vealers 514.00W14.50 Heavy calves tI.OOiS 9.00 —Sheep— Receipts. 300: market, steady. Ton fat lambs $16.00 Bulk fat lamb* 14.00613.00 Bulk cull lambs 9.00® 12.00
Other Livestock Ft'i f nileil Press CHICAGO . April s.—Cattle—Receipt*. I. ali killing e'a-ses steady to strong, mostly strong: quality considered: stnikers and feeders steady: country demand, expanding: very few weighty steers here, kinds from 1.200 pounds upward fairlv active, best 513.25: yearling*. sl2: bulk fed steers *0.75t0 11.75; stoekers and feeder,-. SB6 9: all grades fat cows bringing now hlg_h price-, qua'ity considered' hull* active, mostly $7 on medium bulls, few t *7.25: choice vealers suitable for Easter demand. 50c higher few a* sl6• hull sl3 6 15: packers. *10.50 612. Sheep—Receipts. 8.000; fat lambs, opening verv s'ow: few early sales around 25 higher than Monday: early balk on good wooled lambs. Sib 6 10..,O: nothing choice sold early: asking around $16.25 for choice liandyweigbt*: good 94-pound Colorado lambs. *l6: package of good 51-pound 7iHnois Stringers, *22: choice handyweight clipped lambs held around $15.90- sheep scarce “teuny: few good fat ewen around S10 : feeding and shearing lambs In light supply: mi ilium to good kinds, $14,25 6 14.75. R (*of*ipt'. I*i. OOO: h'N'irvwoishtss 10.60 (t 11.30: mediiunweirM*. $10,75 6 11. light*. *11.156 12.20: packing sows, $9 60 @10.20; slaughter pigs, sll @l2. Hu t inted Press CINCINNATI, April Hogs Recetpf.* .1 ,00: holdovers, 856: market 'J’c lower- 25" to 35u Ihs.. *10.756 11.76: 26(1 to 250 lh.. *11666 1.: 166 tn 260 lb-. *1 261 •> 10 ■ 130 ,r> 160 Ibs $126 12.10: 99 to 130 lbs.. *lO '"1: picking sows. $66 10. Cattle—Rc'•ripts. calves 600- market steady: Vmr* P " r T' * s .-; >n 1 0 Oti ■ light yearling -teer* and heifer*. *7.756 10.2.,; beef cow* $5.506 7.50: low cutters and cutter cows. $46 -*.25: vealers. $9 6 14; heavy calves. *66 9: hulk stoeker and feeder steers. *,..>06 8.50 Sheep—Receipts. steady; top fat lambs, SHJ.aO: bulk fat lamb* $13(816.50: hulk fbU ** m bs. SB6 12: hulk fat ewes, ss(ftß: bulk spring iambs, $226.25. Hu Times Special -on^ T7IS 'i 11 .' 1 r,r !' —Bog*—Receipt*. ..00: market 10c higher: tops. $11.85. Cat-He-—Rrceipts 100: market steady. Calves —Receipt; 200: market steady; good to io o scf; , I Msx'o6l2.Ao. medium to good. ou * 9 - $8.50 down. Sheep—--100 market steady: ton lamls*. $13614; seconds, $10612; sheep. *6@7. Hu T iiited Press CLRVF AND. April s.—Hogs Receipts. l poo market 25c higher- 250350 lbs.. sll 6 11.65: 200-250 lhs. sll 75 6 12.25; 160-260 ibs. $12.256 12 50-130-160 lbs.. $12.35612.5(1: 90-130 lbs'. $1 L.iO: packing sows, 50.50610. Cattle —Receipts 200: calves 200; niarkH. steady; beef steers. $10.40; beef cows. $6 i°w cutters and cutter cows. *4.2565; vealers. *15.506 16. Sheep Receipts. 1.500: market 25650 c higher12T , f *.* A la"il*- SIN-50: bulk fat lambs. sls 615.50: bulk cull lanbs. $lO6 10: bulk fat ewes. $6.506 8. Hu Viitted Prrss EAST RUFFALO. April s.—Hogs—Re‘r'jP.f- 5?0: holdovers. 1.280: market. 15 6 2.,e higher: 250-350 ihs.. $11.1512-200-250 lbs.. *11.906 12.40; 180-300 Ihs.! $12.256 12.75 130-160 lbs. $13.65613-00-130 lb. $12.75613: packing sows! $9.50 6 10.35. Catl'.c—Receipts. 50: calves, .100: market steady, beef ateers 50c lower: vealers. $14.50615. Sheep Receipts. .100: market, choice scarce, bulk fat lambs. $16,35 6 16.50. Hu Vnlteil Press EAST ST. LOUIS. April 5 —Hog*—Receipts. 13 000. market strong to 10c higher. 250-350 lb*.. *10.90611.25 : 2002.,0 lbs.. *ll6 11.85; 160-200 lbs.. $11.60 ,6 H 15. 130-160 lbs . *11.25612: 90 130 lb*-. sll6 11.85: packing sows. $9,506 10. Cattle—Receipts. 4.000: market. Steady tn strong: beef steers. $9.35 6 12’ light yearling steers and heifers. $7 6 9.50: beof cows, so.:o'<v T.r(): low cutters and cutter cows. $4.25 65.50: vealers *l4hcavy calves. $66 9: bulk stock and feeder steers. *7.5068.75. Sheep Receipts. 3.000. mark,! strong tn 50c higher: top fat lambs $16.50: bulk fat lambs. sl6 6 16.50: bulk cull lambs. $13.50613; bulk fat ewes. $96 9.75. Bit I'nlted Press PITTSBURGH. April s.—Hogs—Re ceipt*. 1.000; market steady. 15c higher: 250-350 ibs. sll % 11.90: 200-350 lb*.. *11.906 12.25: 160-200 lbs.. *12.25 6 12.50: 130-100 lb*.. *12.50612.05: 90130 ibs., $12.506 12.65: packing sows. $9 6 9.75. Cattle—Receipts. 10; calves. 100: market, steady: beef steers. *9.506 11.50 nuotable: veSlers. sls 615.50. Sheep— Receipts. 500: market “trong, wethers, $10.50; top fat lambs. *ls. Bu I'nlted Press TOLEDO. April s.—Hog—Receipts, 400; market. 10 61 oc higher: top, *10.50 6 10.76. heavies. *11.50612: Yorkers. sl2 612.50: good pigs. *l2 612.50. Calves —Receipts, light; market, strong. Sheep and lamb—Receipts, light: market, steady.
In the Cotton Market
* McKinnon) NEW YORK. April s.—For the past year first notice day ot delivery for the current month has been lacking in much market significance. When the smoke has cleared awa.v not much change in ownership has occurred. I am more apprehensive about the May position. If nothing happens, your position remains the same. On the other hand, if cotton must find a new owner it will be at the expense of everybody who has a long contract in any month.
STOCK MARKET TONE SHOWS IMPROVEMENT Brought About by Buying in Rails and Ease in Cali Money —Goodyear Feature on Curb.
By Elmer C. Walzer United Press Financial Editor NEW YORK, April 5.—A buying movement in railroad shares and a reduction in the call money rate from 4to 4 per cent imparted a better tone to the stock market, Monday, though the list at thrf close still showed a considerable number of small losses. Other markets were mixed. Bonds, however, presenting an excellent front with rails also in favor. Curb stocks continued Irregular with Goodyear the advancing feature. Cotton and wheat both sold off fractionally. In foreign exchange. the outstanding event of the day was an advance in lira, the highest price since 1923 and a drop of 16 points in the Spanish peseta. An advance In Erie to the highest price in its history was one of the features of the rail group. At the same time Baldwin was performing In the industrial group, rising 874 points and giving the bearish element a thorough licking. Bears also got a taste of something else in store Monday morning when Remington jumped 12 points in light turnover. Rail* Move Upward Among the rails which advanced substantially were New York Central. up 174: C. & 0., 1%; Union Pacific, 2%; Western Maryland. 254; Bangor & Aroostook, 474: Delaware & Hudson. 1\; Western Pacific. 2'4; Pennsylvania, 1, and Northern Pacific. 174Continental Baking A spurted 4 points, and. outside of weakness in Pan American issues, oils were about steady. Case Thrashing Machine move up more than three points. W’hile Colorado Fuel rose 174. No Drastic •Tightening The decline in call mony Monday was foreseen now that the monthend and quarterly 'obligations are out of the way. However, the easy status is not expected to prevail for very long due to the drain coming from agriculture and business in the interior. The Harvard Economic Service stated that it expected no drastic tightening of money during the whole of 1927. Monday's Federal Reserve Bank statement on brokerage loans which showed an increase of $1,125,000 should be a bullish rather than a bearish factor. This: small increase
MRS. BAUMAN IS JAILED Alleged Bigamist Is Brought Back From Kentucky Retreat. Returned from Mt. Sterling, Ky., Mrs. Alma Bauman, 436 W. Washington St., was held in county jail on bigamy and vagrancy charges today. AVhen Mrs. Bauman failed to appear for trial on a bigamy charge her attorney declared that her husband, also arrested on a bigamy charge, had kidnaped her in order that she might not testify against him. Mrs. Bauman told detectives that she had not been kidnaped, but that her husband, William Bauman, had told her that it would not help her case to testify against him. WOULD BAR PLAYHOUSE Ordinance in Council Believed Aimed at Thirty-Eighth fit. Theater. An ordinance believed to be, aimed, at the proposed $1,260,000 theater at Thirty-iEghth and Meridian Sts., providing that no theater or amusement house shall be built within 500 feet of any church was introduced at city council by Boynton J. Moore, Monday night. An application for this theater has been filed with the zoning appeal board by Mark Margolis, promoter, and was to be acted on today. Another ordinance recommending that daylight saving time be adopted by the council to go into effect May 1. was introduced by Otis E. Bartholomew. BUS WINDOW SMASHED Police Fail to Throw Light on Mysterious “Attack” What smashed a glass of an Indianapolis Street Railway bus at Manlove Ave. and Twenty-Fifth St., late Monday night, terrifying three men and a woman passenger, was a mystery to police today. Leonard Dupont, driver, told Lieut. Leonard Forsythe and 'emergency police that he heard a shot just as the glass broke. But the passengers told Forsythe they heard no report. No rock or other missile could be found inside the bus and no one was seen nearby. CLUB TO HEAR FISHER Traveler !lecturer at First Presbyterian Church Friday Evening. Frederick Vining Fisher, traveler and lecturer, will give his illustrated lecture, “Ultimate America.’ before the Men’s Club of the First Presbyterian Church, Delaware and Sixteenth Sts.. Friday at 7:30 p. m. All men are inyited. A dinner will precede the lecture. Fisher predicts the Southwest will be the seat of “ultimate America,” and that the United States will eventually comprise two-thirds of the world’s population. LIGHT RATES REDUCED Cut for Northern Cities Ordered by Public Service Commission. Following conferences of city and utility officials with- the public service commission Monday, announcement was made that light rates would be reduced in the cities of Auburn, Decatur and Columbia City. The conference was called by the comipissioners after reviewing the annual reports of the various local ’companies, and is one of a series to be held, according to Chairman John W. McCardle.
should have no adverse effect at all because stocks were advancing most of the period for which the loans were reported and the fact that no larger Increase was shown Is conclusive proof of the growth of Investment buying in the stock market of late. Boy of 14 Loses in Love to Brother, 17 Bu United Press CANAAN, Maine, April s.—The romance of Elmer Buzzell, 17, and Mrs, Thelma Tibbetts, divorced wife of a 5-year-old child, today received approval of Mrs. Lettie Foster, Canaan’.-? town clerk. Mrs. Foster. who recently wrecked the equally strange romance of the same Mrs. Tibbetts and Elmer's 14-year-old brother. Willie, said today that she could find no fault with the new love affair. APPOINT MONTGOMERY County Council Head Receiver for Alabama-Market Garage. Superior Judge James M. Leathers Monday named George N. Montgomery, county council president, receiver for the Alabama-Market Garage Company, 323 E. Market St., on petition of Ralph W. Carlsen. president of the concern. It was erroneously stated Monday that Montgomery was named receiver for the Del-Mar garage. A hearing on the complaint of Carlsen, who charged mismanagement, was held this afternoon. POLICE ON THE CARPET Five to Be Tried By Safety Board for Prisoners’ Escapes. The five policemen suspended by Chief Claude F. Johnson after escape of three prisoners from municipal courtrooms within a week, were to be tried on charges of neglect of duty by the board of safety this afternoon. The policemen are Court Bailiff Oscar Merrill. 1019 Dawson St.; Turnkey Scott Waughtell, 2450 N. Pennsylvania St.: Assistant Court Bailiff Freeman Smock, 59 S. Grace St.; Court Bailiff Howard Sanders, 1029 Dawson St. and Assistant Bailiff Horatio M. Brooks, 50 Tremont Ave. i Patrolman Homer Daily also will be tried by the board charged with giving intoxicating liquor to a minor. Discuss Tchool~plans High School Principals Confer With Acting Superintendent. High school principals met today with Joseph F. Thornton, acting school superintendent, to discuss next year's high school program. With erection of the new Crispus Attucks High School for Negro children, several changes will be necessary In other high schools, Thornton said. A number of new teachers will b > employed. A special meeting of the school board will be held Thursday at 11 a. m. to review bids on the new Shortrige High School.
The Pennsylvania Railroad SUMMARY OF ANNUAL REPORT FOR 1926 The Both annual report of the Pennsylvania Railroad Corrib" pany, covering operations for the year 1926, will be formally presented to the stockholders at the annual meeting on April 12, 1927. The report shows that in 1926 the company performed the largest volume of public service, and realized the largest gross and net earnings in its history. The net income for the year amounting to $67,567,958, waa equivalent to 13.53% upon the capital stock outstanding. OPERATING RESULTS InercaMi 1926 Over X 925 Total Operating Retinues amounted to $709,817,449 $37,680,487 Total Operatino Expenses amounted to 550,360,578 13,111,131 Leaving Net Revenue of $159,456,871 $14,459,156 Taxes amounted to 5,409,404 Equipment, Joint Facility Rents, etc., amounted to "15,913,911 1,715,10a Leaving Net Railway Operatino Income of. . . .$106,431,757 $ 6,314,71* Income prom Investments and Other Sources amounted to 39,890,036 1,608,546 Making Gross Income of $146,311,793 $,933,296 Rental Paid Leased Lines, Interest on Funded Debt and Other Charges amounted to 75>754>535 3,585,66* Leavino Net Income (Equal to 13.53% on Capital Stock) of $ 67,567,958 .5,347,634 Improved results as well as favorable business and financial conditions justified an increase in the dividend rate from 6% to 7% beginning November 1926, making the total for the year 6K% After providing for this payment to stockholders and for sinking and other reserve funds and for all other charges, SURPLUS for the year amounted to $30,270,966. t t t The successful achievement of the past year reflecting as it did the great prosperity of the country was also made possible by increasingly friendly and effective cooperation between employees and management in rendering the service to the public, and by constructive cooperation with the Company on the part of the general public and Governmental authorities. W. w. ATTERBURY, Philadelphia, Pa., April 4th, iqzj. President The Pennsylvania Railroad Carries More Passengers, Hauls More Freight Than Any Other Railroad in America
StoekboUtrs may obtain copies of the Annual Report from Lewis Neilson, Secretary , Broad Street Station, Philadelphia, Pa.
Sentence Given on Fifth Drunk Charge Charles W. Able, 60, was before Municipal Judge Dan V. White today on a charge of public intoxication for the fifth time in recent months. “Where djd you get it this time?” aaked Judge White. “Well, I’ll tell you the truth, judge, I got it at the five and tencent store.” “One hundred dollars fine and costs and six months on the State farm,” was the court's rejoinder.
FIFTY INJDRED IN BLASTS, FLAMES Fire Follows Explosions in Cleveland Plant. Bu United Press CLEVELAND. April s.—Ton explosions and seven fires caused damage of more than $130,000 early today and Injured fifty persons, none seriously. Fire, following the blasts, consumed the plant of the Ohio Bronze Powder Company, causing damage of more than SIOO,OOO. Scores of persons in the neighborhood were thrown from their beds, while hundreds of windows were shattered. Adjacent plants of the Jordan Motor Company and the Apex ( Machine Company were damaged. Six other blazes in various parts of the city caused losses of from S2OO to $20,000. Officials of the bronze company advanced the theary the blasts and subsequent fire at the plant was caused by lightning. A heavy thunderstorm raged during tho night, and one home was struck by a bolt. TO RESURFACE MERIDIAN Park Board Will Take Final Action at Meeting Thursday. Definite action on the repair of Meridian St. from Fall Creek to Thirty-Eighth St. will be taken by the park board at its meeting Thursday, it was announced after the board made a tour of inspection Monday. President John E. Milnor said the street will not be widened, as originally proposed, but will be resurfaced. Property owners on the street objected to the widening program because a uniform width had not been decided and because shade trees would have to be cut down. The resurfacing of part of W. Thirty-Eighth St. was decided on during the inspection tour. ‘ABDUCTION’ IS PROBED Woman Says Police Took Her Home, But Did Not Harm Her. An investigation of the alleged abduction of Miss Frances Roberts, 1245 S. Sheffield Ave., Monday night by two policemen, was made by Police Captain Walter White today. James Cooper. 906 Marion Ave., reported that two men who said they were policemen, took Miss Roberts from his auto at Illinois and Ohio Sta. and threatened to arrrest him. They exhibited badges, he said. Miss Roberts said the alleged abductors wen policemen, but said they took her home and did not: harm her. At first she said they did not force her to go with them, but later said they threatened her with arrest.
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POST AS COUNSEL SOUGHT, SAP!! AIITS TO REED Plaintiff in Libel Suit Against Ford Solicited Farm Federation. Bu United Press DETROIT, Mich., April In June, 1920, Aaron Sapiro wrote J. R. Howard, president of the American Farm Bureau Federation, asking him for the counselship of the federation, the Chicago attorney who is suing Henry Ford for a million dollars for libel .admitted today. In a letter dated June 30. 1920, Sapiro, writing at the suggestion of the Spokane (Wash.) counsel for the federation and asking for the job, said he believed "the counsel working for your association would attain outstanding prestige throughout the United States.” SI,OOO for Speech Sapiro then admitted under further probing by Senator James A. Reed that he had received SI,OOO for a speech delivered to a farm bureau meeting in Chicago, July 23, 1920. “It required six days’ traveling time and three days in Chicago,” Sapiro explained, “and the figure was gross.” About “30 Cents" “Didn't you tell C. ir. Gustafson, chairman of the Committee of Seventeen,” asked Reed, "that you would make him look like 30 cents?" The Committee of Seventeen referred to was a, governing board of the farm federation. “I never did.’’ retorted Sapiro. William 11. Galingher. plaintiff's counsel, objected and the question and answer were ordered stricken. PLEA WINS CLEMENCY Defentlanl Gets Suspended Sentence, Fine on Liquor Charge. The plea that Henry Nye, 33, of 4132 Fletcher Ave., charged with driving under influence of liquor, wits caring for his blind mother, won clemency for the defendant today before Municipal Judge Dan V. White. Nye was charged with striking a parked auto March 18, in 1300 block Spann Ave., by Motor Policemen Mueller anti Giles. The court suspended a six sentence and S6O fines, ordering Nye not to drive a car for a year. FLIERS IN TRINIDAD By United Press PORT OF SPAIN, Trinidad. April s.—Tho United States Army's PanAmerican flight squadron will leave tomorrow for Grenada. British West Indies, expecting to reach the American mainland at Florida. April 25. The squadron will touch Porto Rico, Haiti and Cuba. December romance Bit United Prrss NEW YORJy, April s.—Gttorge W. Dorlgefl 83, a banker, of Shingle House, Pa., today took out a license to marry Mrs. Jane F. Swallow, 81,. of New York. The wedding Is sot for tomorrow.
HANNING BROS. The Busy Dentist* Cor. YVashington and Penn. St*. 204 KRESGE BLDG.
