Indianapolis Times, Volume 38, Number 322, Indianapolis, Marion County, 19 April 1927 — Page 13

APRIL 19, 1927

HOGS AT STOCKYARDS CONTINUE DECLINE

JNCREASED LOANS STIMULATE EARLY SALES MOVEMENT Bears Center Pressure on Speculative Leaders and Weak Spots.

Average Stock Prices

Average of twenty industrials' Monday was 165.48. off .18. Average of twenty rails was 132.04. off .20. Average of forty bonds was 97.34, off .01. Bu United. Press NEW YORK, April 19.—Professionals launched a selling movement at the opening on increase of $22,377,009 in brokerage loans here during the week ended April 13. This made the total the largest of the year which was interpreted to mean the public tvas coming into the market on an increasing scale. To shake out some weakly held stock the bear crowd concentrated pressure on speculative leaders and on a number of recent weak spots, •lduding oils and Fox Film A. Steel as also subjected to large offerings on the theory that it was ripe for a reaction. Evidently discouraged by the indifference of the general ilst the bear crowd relaxed their efforts on the selling side around noon and the market developed a better tone. A rally occurred in the oil shares, which had pursued an uninterrupted course downward during the past week. Both Marland and Phillips came back. Short covering appeared the cause of the recovery. General Electric assumed lead of the advance in industrials, rising 1% to 93. American Radiator was another strong spot, running up IT* to 118%. This strength afforded reflection of the company’s current business, which is the biggest in its history. Because of the record contracts placed last month, American Radiator is way behind in its shipments. The company is meeting great success with its low priced boiler with engineers, hope to revolutionize the industry. Steel common held impressively around 171, notwithstanding the feeling it was due to a reaction on profit-taking. It was evident that realizing sales were being absorbed readily.

Banks and Exchange

—April 19— B INDIANAPOLIS STATEMENT fW Local bank o'parlngs were $4,030,000; debits $8,389,000. NEW YORK STATEMENT lit/ United Press NEW YORK. April 10.—Clearings. sl,004,000.000; .balances. $104,000,000. FOREIGN EXCHANGE Bn United Press NEW YORK. April 19.—Foreign exchange opened Irregular. Demand sterling, $4.85%. off .00 1-lHo: francs. ?01 ’Ac, np .00 1 -85 c: lira. 5.03 c. up .t'Msc: belga. 13.89 %c: marks. 23:6%c.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. April 19.—The reopening of the London terminal market today was awaited with interest in sugar circles here yesterday, for it was a question how the latest developments in the Japanese situation would be received abroad. A leading Cuban newspaper estimates the 1927-1928 crop between 4.700.000 and 4.800,000 tons—a prediction of no immediate importance perhaps, but. nevertheless, indicative of the more cheerful view of the outlook. I continue to favor the purchase of the later months.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. April 19.—The Liverpool exchange is following our price list, hut thev are not doing anything in the actual as their sales recently indicate an almost •tagnant demand. Asa trading proposition we should have a reaction on the first indication of clearer weather. However, eliminating all outside factors and individual opinions, the market itself shows strong resistance to all selling.

Produce Markets

Butter (wholesale price)—Creamery best grade. a pound. 52@03e. Huttertat—Local dealers pay 52c )b. Eggs—Strictly fresh delivered at Indianapolis. 20®21e doz. Poultry (buying prices)—Hens, large breed. 23c; Leghorns 18@ 20c; roosters. 12c: 1327 broilers, 1% lbs., up. 35c: Leghorn broilers. 25 (u 30c: ducks. 18 if? 20c: geese. 10® 12c: turkeys, young, 30c; old. 26c; guineas. 35c. Bu l lilted Press _ , _ , CLEVELAND. April 10.—Produce: Butter—Extra. 50Vic: standard, 40Vic. Eggs —Extra. 27c: extras firsts. 23Vic- firsts, 24c: ordinary. 23c. Poultry—Medium fowls, 29@300: heavy fowls. .30<2,31c: leghorn fowls, 25® 27c; heavy broilers. 43® 466 e: leghorn broilers, 40@42c: stags. 22® 24c: cocks. 18® 10c. Potatoes — Round whites. 150-pound sacks Maine. 54 @4.15: Michigan. $3.80®3.75: New York, [email protected]; Idaho russets bakers, 100pound sacks, $4; Ohio bushel sacks. $1.25 @1.35; Maine, two bushel sacks, 53.40; Florida barrels. No. 1, 56.50. Bu United Press CHICAGO. April 19.—Butter—Receipts, 11.356: creamery. 48 Vi ®4BVi e; standards. -18 \e: firsts. 47®47Vic: seconds, 45 Vi @45 Vic: extras. 49 Vic. Eggs—Receipts. 41.642: ordinaries. 22 Vic; firsts. 23@23%c; extras, 26@26'4c. Cheese — Twins. 22Vic: Americas. 23c. Poultry— Receipts. 4 cars; fowls, heavy 29c; ducks, heavy 32c: geese. 17® 18c: turks, No. 1, 30c: roosters. 15c. Potatoes—Receipts, arrivals, old 70. new 27; on track, old 263. euw 63; in transit. 505: Wisconsin sacked round whites, old $1.90®2: Idaho sacked russets, 83 @3.20: Texas sacked bliss triumphs. $4 @4.25. Sweet potatoes —sl@2. Bu United Press NEW YORK. April If).—Flour Dull and unchanged. Pork—Quiet; mess. $37. Lard—Quiet easy: middle west, $12.60® 12.70. Sugar—Raw quiet: 96 test, 4.83 c; refined firm; granulated. 5.90®6.10c. Coffee—Rio No. 7. 16 @l6'4c: Santos No. 4. 17V4®18'ie.. Tallow; —Steady: specialato extra. 7% @7Vie. Hay—Quiet: No. 1. $1.30; No. 3. $1 © 1.15; clover. sl.lo® 1.25. Dressed poultry—Weak: turkeys, 30® 46c: chickens. 20®36c: capons, 28® m4lc: fowls lti,® 34c: clucks, 20® 23c: Bn; Island ducks. 23®24c. Live poul—Firm; geese. Il@17c: ducks, 18® ' fowls. 32®33c: turkeys. 40@50c; roosters. 18c: chickens. 22®20c: broilers, 35@55c. Cheese—Steady: State milk common to special. 27®28c; Young America, 27 Vi® 28c. Butter —Stronger; receipts. 68 2/0: nearby white fancy, 33® 34c; nearby State u-hites. 26®32c; fresh firsts, 24@25c: Pacific coasts. 28® 35Vic; western whites, 26@29Vic; nearby browns. 30® 34c. Potatoes— Long Island. $2®6.10: Jersey, baskets. $1 <Si 1.25 Southern. $3.50(5>6.25: States, s3® 4: Maine $3.60®4.50; Bermuda. s2® 7.50. Sweets—Jersey, basket. 50c to t 2.50: Southern, baskets. 50c to $1.75: on Burn, barrel. $0.50 04.

New York Stocks

Ity Thomson & McKinnon)

—April 19— Railroads— Prev. High. Low. 1 .00. close. Atchison . .182 % 181 182’.a 112 A Coast L . . . ... ... 180 1 1 B. & 0...116*, ... 110 1 , 116% Can Pacific 182% ... 181'- 182% C. & O. . . 100% 108', 108% 169% C. * N. W. 83*4 ... 83 83% C„ R. & P.. 97% ... 96% 95% Del & H 194 Del & L.. 105 104% 105 105% Erie 53 % 53% 53% 53% Erie Ist pfd 57% ... 57 57% Gt No ptd. 86 % 86% 86% 87% Lehigh Val 125 ... 123% 124% K C South 01% 59% 00% • 00% L. & N. . .137% ... 137% 137% M. K. & T. 46% 45% 45% 40 M Pae pfd 107% 107 107% 107% N. Y. Con. .149 147% 148% 48% NY NH & H 53 ... 52% 52% No Pacific 80% 85% 8(1 80 Nor & W.. 180 % ... 180 180% Here Marq ... ... . . 118% I Penney ... 01 >4 01 01 01% I Raiding .. Ill', 109% 110 112% S Railway 120*, .. . 12,>% 125% So Pacific 112% 112 113% 112% St Paul... 15% ... 13 15% S Paul pfd ... ... ... 23 % SL&S W 73 % ... 72 % 73 % SUS F 110 109% 109% 100% Union Pac 172% ... 172 172% Wabash ... 70% ... 70 % ‘9% Wabash pfd 94 % ... 94 % 9o Rubbers— Aiax 11 % ... 11 11% Fisk 18%. ... 18 18% Goodrich .. ofl% ... 10,% nn% Goodyr pfd 107% ... 107% 107% Kelly-Spg... 22% 22'4 33% 22% U S Rub.. 03 62% 63% 62% Equipments— Am C& F 103% ... 103% 103% Amer Loco 108% iOB% 108 % 108% Am Stl Fd.. 43% .. . 43% 44 . Bald Loco 191 189'. 190% 100', Gen Elec... 93 00 % 02% 01% Lima ... ... 06 % N Y Airb.. 43% 43% 43*4 42% Pres Stl C 3 Pullman ..174% 174 1,4'- 1,4 Westh A B 151 . 151 153 West Elec. 75 % 74 75'4 ,4% Steels— Bethlehem. 53 ... 52% 53% Colo Fuel . 78% 77 % 78 78-% Crucible . 90% 90 90% 91% Gulf St Stl 57 Inland Steel 47 40% 47 40 % P R C ft 1. 47 40 % 47 46% Rep Steel. .70 69 69 % 70 % Sloss Sheff. . . ... . 133% U S Steel .172 170% 171% 172% Alloy 285* ... 28% 29 Vanadium. 47% ... 47% 47% Motors — Am Bosch. 17% ... 17% 17% Chandler .. 22% ... 32% 22% Chrysler .. 44% ... 44% 44*. Con Motor. 12% ... 13% 12% Dodge 19% ... 19% 10% Gabriel ... 36% 30% 30% 30*. Gen Motor 187% 180 187% 180% Hudson ... 75% 74H 75% 74% Hupp 21 20% 20% 21 Jordan ... 20 % ... 20 20 % Mack 111% 110% 110% 110% Martin Par . . ... ... 10 Moon 0 ... 8 % 9 % Nash 64% ... 64% 64 % Packard ..35 ... 35 35% Peerless .... ... ... 24 % Pierce Arw 18 % ... 18 % I8 % Studebaker. 55% 55% . 65% 56% Stew Warn 65% 64% * 65% 05 % Timken ...89% ... 89% 88% Willys Over 22% ... 21 % 22 1 , White Mot. 47 ... 46% 47 Mining— Am Smelts 151 % 150 151 % 150 Anaconda . 48 47% 47% 47 % Cer De Pas. 63% 62% 63% 02% Inspiration. 10% 10 10% 18*, Int Nickel. 53 % . 52 '4 53 Kennecottf 05% 05 65% 05 Tex G & S. 01% 01 % 61% 61% U S Smelt. 39 ... 39 38% Oils— Allan Refs 113 111% 113 112 Cal Pete... 24% ... 24% 24', Frcept Tex 65 % 65% 65% 65% Houston ..109% 107 109 100% Indpt Oil.. 22% 21 % 22% 21% Marl C .... 42% 40% 42% 41% Mid C Pete 32 31 % 32 31 •% Pa-Am P B 58% 57 % 58% 57% Pac Oil ... ... l % Phil Pete . . 44 % 43% 44% 44 % Union Oil. . 40 % ... 40■% 40 % Pure Oil .. 28% 27% 28% 27 % R'.v'l Dutch .49 ... 49 49 % Shell 27 % ... 27 % 27 Sinclair ..18 17% 18 17% Skelly .... 28 27 % 28 27 % S O of Cal. 54 53% 54 54 S O of N .1 30% 36% 30 % 30% S O of N Y 31% 30% 31 .11% Texas Cos .. 45% 45 45% 45% Trans Pete .4 ... 3 % 4 Industrials— Adv Rum.... ... ... 12 *1 Allis Chaim 100 % 105 100% 105% Allied Ch 146% 143% 143% 144% Arm A ... 10% ... 10% 10% Amn Can. 48% ... 47% 48 Am H-L pfd . . ... ... 51 Am Safe R 51 ... 51 51 Am Wool.. 19% 19 19% 18% Central L. . 9% ... 9*4 9% Coco Cola. ... ... 195% Cont Can... 64 ... 63 % 04 % Cert Prods ... ... ... 40 Dav Chem. £8 ... 28 28 Dupont ...248% 246 248 £4B *p Fam PI ...108*% 107% 108 % 108 Gen Asphlt. 85 83 % 34 % 83 *4 Int C Eng.. 57 53 74 57 53% Int Paper. ... ... ... 55 Int Harv .161 160% 160% 161% May D Sta 67 74 ... 67 74 68% Mont Ward 64% ... 04% 04% Nat Lead ..192 192 192 Owen Bot. .80 ... 7074 80 Radio .... 42 41% 41% 4274 Real Silk.. 45% 45% 45% 47% Rem Type. 44 43 43% 44% Sears-Roeb. 54*4 54% 54** 54% United Drg 179'% . . 178% 179 % Univ Pipe.. 33 ... 32 32*2 U S C I P 218 U S In Al.. 78'4 74 78 74 Woolworth 134% 133% 134*, 131% Utilities— Am T & T.166*4 ... 166 166% A Express ... ... ... 130% AmWWk.. 79% . .•. 79% 79% Brklyn M . . ... 60 Col G & El. 95 94% 94% 95*1 Cons Gas.. 99% 98*% 99 99% No Am Cos. 50 94% 49*4 49% Peoples G 138% Phila Cos. ... ... ... 103 S Gas & El 57% 50% 57% Wes Union ... ... ... 153 Shipping— Am Int Cpn 45 42 *4 43 34 % Am Sand C 5*4 . . 5*4 541 Atlan Gulf 35 34% 35 34',In M M pfd 43 41*4 43 41 Untd Fruit, 126% ... 126% 127*,

Commission Row

PRICES TO RETAILERS FRUITS Apples—Box apples—Winesaps, $2.85 @ 3: Delicious. $4. Extra fancy barrel apples—Winesaps. $5. Rome Beauties. $4.50; New York Baldwins. $4.50: York Imperials, $4: Ben Davis. $4414.50: Fancy barrel apples—Staymen. $3.75; Baldwins. $3.50 @3.75; Ben Davis. $3.75. Basket apples (40-lb. basket!—Romers, $2: Winesaps. $2; Wagners, $1.35: New York Kings. *1.50; Baldwins. $1.36® 1.50. Bananas (jobbing price)—4@se lb. Cranberries—Jersey Howes, half bbb. $3.00. Grapefruit—Extra fancy. $4.60@5: fancy, $3.50@4. L- mons—California. $4.50. O'anges—Florida. [email protected]: CaJi'ornia navels, extra fancy. $4.75@6; fancy. $4.25 @5. Strawberries—Alabama and Louisiana. $5 50@0 24-qt. case. VEGETABLES Artichokes—California. $1.50 dor. Asparagus Georgia crate. $5 @7; bunch. 50® 75c. Beans—Texas stringless. $2.75@3 per hamper. Brussels Sprouts—Fancy California, 30c pound. Cabbage—New Texas. 3%@4c lb. Caulillower—Crate. $2.75. Celery—Florida, 4 to 6-dor. crate. $3.50: Mammoth (washed). [email protected] Cucumbers—Hothouse. s2@3; Florida. $1.25 dor. Eggplant—Florida. $1.50@2. Endive—California. $1.25 dor. Garlic—California, 12%c lb. Kale—Louisville, bags, $1.75. Lettuce—-Iceberg, ort.. $5; H. G. hothouse. $2.40 15-lb. basket. Mangoes—Florida peppers. $5 crate; $1.60 peck. Mushrooms—Pennsylvania. 3 lbs.. sl.2u. for 3-lb. basket. Onions -w Texas. $3: Texas whites. $4.50 crate: H. G. green. 40c dor. Onion Sets—Yellow, tier bushel. $2.50: Red. per bushel. $2.75: Whites, per bushel, $4.25; Texas Bermudas, per 6 000 plants. $3.50. Parsley—H. G.. 50c per bunch: southern. 76c dor. Peas—Mexican telephone. $4.50 crate; Mississippi, $3.50 hamper. Potatoes—Michigan whites 150 lbs. 83.75: Russet Burbanks. 150 lbs.. $4.25; Red River Ohios, 120 lbs. $3.75; Idaho Russets. 100 lbs.. $3.75; Idaho bakers, 60-VUs. $-1: Triumphs, 100 lbs., $5.50: new Floridas. $7.50# 9. Radishes—Southern long reds. 25c; hothouse buttons. $1.15. Rhubarb—H. G.. 40c dor. Root vegetables—Turnips, bu. $1.20: parsnips, bu., $1.25; carrots. California, o dor.. $4: Louisiana. 90c dor.: H. G. beets, bu.. $1.50: Louisiana beets. 90c doren. Seed potatoes—Main cobblers. 150 lbs.. $5.26: Red River Early Ohios. 120 lbs., $3.75: Early Rose. 150 lbs.. $4.60. Spinach—Texas. $1.50. Sweet Potatoes —Indiana Jerseys, bu.. $2: Nancy Halls. $1.35 per hamper. Seed Sweet Potatoes—Yellow Jerseys, per bu. $1.75: Nancy Halls, per bu . $1.50: Southern Queens, per bu.. $2: red Bermudas, per bu.. $2.25. „ Tomatoes —Six-basket crt.. $3.5005.50

Local Wagon Wheat

Local pain elevator* lie paying sl.lß for No. 2 red wheat. Other grade* are rurchssed on their merita.

Foods— Am Sugar. 89 ... 89 89% Am Bt Sun .. ... ••• 23% Austin Nich .. ... ... •> % Bee-h NPkSO % ... oO • .HI •>„ Calif Pkg 63 Vi Corn Prod. 59% 58% 59 59% Cuba. Cll pf 45% ... 45 45 Cuba A Su. 26% ... 26 'a 26% Fleischmann 54% . 54% 54 74 Jewel Tea. . 60 % 00 00 % 60 Na Biscuit 113 ... 113 113% Punta Aleg 43 % .. \ 42 % 42 % Postum . . 96 ... 96 96 % Ward Bk B 21% Tobaccos — Union Pac 172% ... 172 172% Am Sums. 58% 57% 57% 57% Am Tub.. 128% ... 128% 128 Am T 181 127 ... 126% 127% Cons Cigars 80!, ... 80 % 80% Gen Cigars ... ... ... 55 Liggett .101 ... 101 101% Lorillard .. 27 7s ... 27 % 27% R J Key.. .119 118 JIS ■-j 118% Tob 1* (Bl 90* ... 96% 96% U Cig Stor 86'.. 85% 80 85 Schulte K S 49% 49 49% 48 74

NERVOUS GRAiN MARKET LIKELY Unsettled Weather, Lower Liverpool Responsible. Bn United Press CHICAGO, April 19. —Liverpool after a three-day holiday, was not as strong as expected and with the weather over the entire grain belt continuing unsettled, a nervous market in all grains is looked for on the Chicago Board of Trade today. Wheat opened %c lower to ->gc higher than yesterday's close. Shorts have reduced their lines in wheat owing 1 > the v.t; wer.th*;* arid fear cf crop damage, locals and foreigners being active in that line. There has been considerable buying of May and selling July corn in a quiet way for some time and there are indications of a great deal of absorption of the May on weak spots against sales of July. Opening quotations were unchanged to % higher than 11: - previous close. Oats are showing more . ,cngth than corn on the delayed field work, the season no wbeing more than two weeks late. There are also indications of new investment buying in distant deliveries of oats, reflecting apprehension that continued wet weather would necessitate material curtailment of the intended acreage. Prices opened unchanged to % higher than Monday's close. Provisions opened st^idy. Chicago Grain Table —April 19— WHEAT— Prev. High. Low. 11:00 close. May 1.33% 1.32’, 1.33% 1.33% July 1.29*, 1.29% 1.29*4 1.29% September ..1.28% 1.28 1.27% 1.2774 CORN— May 70% .70 .70*. .70*, July 76% .76' .76% .76% September .. .80% .80 .SO *4 .80% OATS— May 41% A 14% .41% July 45% .4-1 .14 .44% Rye— May 1.03 1.02% 1.03 1.02 74 July 1.00% .99 ‘a 1.00 1.00 LARD— May 12.15 12.10 12.10 12.15 July 12 37 .... 12.39 12.37 September ...12 00 .... 12.55 12.57 RIBS— , May 13.95 ... . 13.95 11.05 Bn Times Speeia! CHICAGO. April 19.—Carlots; Wheat, 80; corn. 252: oats, 95: rye, 2. Bn Times Special CHICAGO. April 19.—Primary receipts: Wheat. 611,000. against 586 000: corn. 343,000. against 473.000: oats, 720.000. against 554,000. Shipments: Wheal. 911000. against 400.000: corn, 656.000. against 378,000; oats. 490,000. against 647,000. , U. S. Steel Becomes Billion-Dollar Firm Bn United Press HOBOKEN, N. J., April 19.—The United States Steel Company will become a literal billion dollar corporation soon, when the capitalization will be increased $200',000.000 to $1,071,904, 500. Action was assured Monday when the stockholders, assembled in annual meeting here, ratified the plan, which will involve a common stock dividend of approximately 40 per cent. Cash dividends of 7 per cent on the new stock will be voted by the directors, Judge Elbert H. Gary, presiding, said. That would mean raising the annual dividend distribution of the company to $49,813,043. Judge Gary intimated he would remain president of the corporation as long as his health permitted, and he sa4d he was ‘‘still pi'ettty much alive.” May Buy Other Stock Bn United Press RICHMOND, Va., April 19.—The meeting of the Chesapeake & Ohio stockholders here today was adjourned until this afternoon to permit counting proxies on the question of purchasing Pere Marquette and Erie railroad stocks in the open market and issuing $60,000,000 of Chesapeake & Ohio common stock. Newton D. Baker of Cleveland, representing the Van Sweringen brothers' interests, while minority stockholders opposed the purchase plans in the latest Van Sweringen merger proposal. DE PINEDO AT CAPITAL Italian Flyer Will Call on President Coolidge Wednesday. Bu United Press WASHINGTON, April 19.—Commander Francesco de Pinedo. Italian four-continent flyer, arrived here today from San Francisco and was greeted at the station by Ambassador de Martino, the Italian embassy staff an<T American military and naval officials. Commander de Pinedo will meet President Coolidge at the White House Wednesday noon. Tonight he will be a dinner guest at the Italian embassy. Wednesday night he will attend a reception by American Army and Naval officials at the Army and Navy Club. N. Y. Giants Lose Bn United Press BOSTON. April 19.—Solid batting off Kent Greenfield and Jack Bentley during a six-run rally in the fourth inning gave the Boston Braves a 9 to 5 victory over the New YorTc Giants in the first game of the Patriots' day double-header today.

THE INDIANAPOLIS TIMES

Calves, Some Cattle Lower —Sheep and Cows Unchanged. —Hog Price Range— April. Bulk. Top. Receipts, i .. 10.75 (<*11.60 11.60 6.000 13. 10.50 # 11.25 11.35 rt.ooo 14. 10.85 fe11.60 11.50 .1.500 15. 11.00® 11.65 11.70 4,000 16. 10.85 <ii 11.50 11.05 3 500 18. 10.75(6 11.35 1 1.50 4,500 19. 10.60 011.15 11.25 6.000 The weakness which set in the local hog market Saturday and carried over to Monday was still in evidence today. Prices were generally 15 to 25 cents lower on the hundredweight. This kept rates on about tlie same level as at the Chicago stockyards, where the pork market was steady to 15 cents off. The bulk of the (5,000 head received sold at $10.60# 11.15. The top was $11.25, paid on some selected light material. Holdovers were 166. Hog Price Range Meat animals weighing 160-225 pounds went at [email protected], a few at $11.25; 225-250 pounds, $10.60® 10.90; 250 pounds up, [email protected]. Pigs cleared at [email protected] and packing sows at $9®9.75. The cattle market was steady to lower, with a run of 1,500 beeves. Beef steers were $9125# 11; beef cows, $6.50®5.50; low cutters and cutter cows, $4.25#5.75; hulk stock and feeder steers, $7.25# 5.50. Another Drop Calves went still lower than on Monday, declining 50 cents to sl. Good and choice kinds sold largely at $13.50. some best vealers bringing the top to sl4. Estimated receipts were 1,100. Hardly enough material was offered in the sheep and lamb pens, where f > v . ■ rccivcd, t> satisfactorily test the market. Some shorn lambs were listed at $15.25; shorn ewes, $lO down, and wooled ewes up to sll. Later trade brought the development of a steady market. with top fat lambs at $15.25; bulk fat lambs. $13.50# 15.25; bulk cull lambs, s9® 11.50. * —Has* — Receipts 0 000: market loner. 90-139 lbs $1 I.oo*l 11.50 130 160 lbs 11.00 fe11.25 180-200 lbs 11.00(31140 200-250 lb? 10.60(3 11.15 250 lbs. up 10.25 @10.65 —Cuttle— Receipt*. 1.500: market, lower. Beef steers $9.25fe 11.00 Hull; stock 1 feeder steers 7.25(3 8.50 Beef rows 0.50(3 8.50 Low cutter, and cutter cons 4.25# 5.75 —Calves— Receipts. 100: market loner Be?' vealers . .$13.50# 14 00 II . y calves 6.00fe 850 —.->li cep— Receipts. 300: market steady. Top fal lambs $15.25 Bulk fa! lambs 11.50 <5. 15.20 Bulk cull lambs 9.00fe11.50 Other Livestock Bn United Press CHICAGO. April 19—Cattle—Receipts 11.000: meager supply well finished weighty steers strong: to 25c higher thsn Monday s dose; others and she-stock about steady: bulls strong: vealers 25c lower no strictly choice steers here: bt6t weighty offerings around $12.50: bulk. $9 50*1 11.50: most Stockers and feeders. .*8(9: several loads quality kinds late yesterday. $9.50 #9.65: talking. $8.50 #9.50 on light vealers. outsiders sll #l2. Sheep— Receipts. 10.000: lat lambs opening very slow; strong with Monday; few early sales good clipped lambs. sls# 15.75: choice handyweight clipp'd lambs lied around $16.25; good medium-weight wooled lambs eligible around $16.75 sheep opening about 25c lower; best odd lots desirable wooled ewes. $10.50# 10.75 few to yard traders up to $11: feeding and shearing lambs practically absent. Hogs— Receipts 27.000. market very slow, generally 10# 15c .- lower than Monday's choice: heavyweights. $10.25# 10.75; medium weights. $10.35# 11.15: lightweights. $10.75 #11.25; Ugh l lights $lO 60# 1.20: packing sows. [email protected]; slaughter pigs. $10.25# 11.10. Bn United Press CINCINNATI. April 19.—H0g—Receipts. 3 600. holdovers. 1.382: market. 15# 25c lower 250-350 lbs. $10(3.10.75; 200-250 lbs 510.75# 11.25: 160-200 lbs. sllls (8 11.35; 130-160 lbs.. $11.25# 11.35: 90160 lbs.. slo# 11.25; packing sows. s9# 9.50. Cattle —Receipts. 400; calves. 500: market, steady: veals. 50c lower; beef steers s9# 10.50* light yearling steers and heifers. $8fel0: beef cows, 5641 7.50: lowcutter and cutter cov.s, $4 @6.011; vealers SB(3 13.50; bulk stock and fegder steers. sß# 8.50. Sheep—Receipt*. 100; market, steady; top fat lambs. $14.50; bulk fat lamb? $12(314.50; bulk cull lambs. $7 # 11: bulk fat ewes. $4.50#7; bulk spring lambs. sl6 #lB. Bn Times Special LOUISVILLE. April 19.—Hogs Receipts. 800: market 25c lower: tops. $10.75. Cattle —Receipts. 200: market steady. Calves —Receipts, 300- market 50c lower: good to choice. $10(312: medium to good. sß# 10; outs, $8 down. Sheep—Receipts, 50c: market steady; top lambs $13(3 14: springers. $18<220; aeconds, $10@12; sheep, s6@. Bu United Press _ _ _ EAST BUFALO. April 19.—Hogs—Receipts. 300; holdovers. 3.919; market. 10 (3’25c lower; 250-350 lbs.. $10.15@11; 200-250 lbs.. $10.90# 11 60; 160-200 lbs.. $11.50# 11.85: 130-160 lbs. $11.75@13: 90-160 lbs.. sl2# 12.25: packing sows. $9 (39 75. Cattle— (-Receipts. 26: calves. 250: market steady, calves 50c lower: vealers. [email protected]. Sheep—Receipts 1.000. market unevenly steady: top fat lambs, clipped held above $16.25: bulk fat lambs, clipped sl6; bulk cull lambs, clipped $11.50@13. Bu United Press „ PITTSBURGH. April 19.—Hogs Receipts 1 000: market slow to. 15c lower: 250 to 350 lbs.. $10.50 @11: 200 to 250 lbs.. $11011.35; 160 to 200 lbs., $11.35 #11.80: 430 to 160 lbs $11.80012; 90 to 160 lbs.. $11.90#12; packing sows. $8 @9 Cattle—Receipts, 15; calves. 150; market slow. 50c lower: beef steers. $10.25 fell. 50 quotable; vealers. sl4# 14.50. Sheep—Receipts. 800: market strong to 35c higher; top fat lambs. sl6: bulk cull lambs. [email protected]; bulk spring lambs. $17@21. Bn United Press _ , . TOLEDO, April 19.—Hogs Receipts. 550: market 25e lower: heavies. $10.3.v# 10.50: medium, $10.75# 11: Yorkers. sll @11.40: good pigs. $11.25(6 11.50. Calves —Receipts light; market steady. Sheep and lambs—Receipts light: market stead.,. Cattle —Receipts light; market steady. Women in high English provincial society rent jewelry for festive occasions from their jewelers.

"West Utiutees Company Notice of Dividend on Common Stock The Board of Directors of Middle West Utilities Company has declared a quarterly dividend of One Dollar and Fifty Cents ($1.50) upon each share of the outstanding Common Capital Stock, payable May 16, 1927, to all Common stockholders of record on the Company’s books, at the close of business at 1:00 o'clock P. M., April 30. 1927. EUSTACE J. KNIGHT. Secret try.

STEEL STOCKHOLDERS’ ACTION BOOSTS MART Gary Reiterates Resignation Not Considered —Numerous , Issues Push Into New High Ground.

By Elmer C. Walzer United Press Financial Editor NEW YORK. April 19.—Buoyed up by the action of United States Steel stockholders in sanctioning the 40 per cent stock dividend declared by directors late last year and the intimation of Judge Elbert Gary, chairman of the company, that the $7 annual rate would be paid on the new stock. Monday's market continued to climb higher, with the exception of the oil shares Greatest interest centered in the Steel meeting held in Hoboken, N. J. It turned out as expected, and hence there was little change in United States Steel, which fluctuated in a narrow range around the previous close, though dealings were in heavy volume. The new stock, which has been traded on the exchange org a “when issued,” basis will add $203,321,0Q0 to the capital of the corporation. Judge Gary again spiked rumors that he would resign, saying tli.it his directorship of the corporation lay in the hands of stockholders and that barring illness or thei>- disfavor he would continue to act as chairman. Proxies representing 74.6 per cent of the preferred stock and 81.4 per cent of the common were present. more than enough to insure approval of the 40 per cent stock dividend. No action was taken on a cash extra. Main Features A drop in call money from 4Vi per cent to 4 per c~nt as a resut of consummation of mid-month settle-' ments; a decline in Japanese yen to anew low for the year following the overthrow of the report, that freight loadings had set a record in February and the brokerage loan report at the close were the other outstanding features which held sway over the market through the day. The Report on brokerage loans for the week ended April 13 totaled $2,862,615,000, an increase of only $22,377,000 over the previous week. While this amount would ordinarily seem very large it is a distinctly bullish factor and should stimulate a further advance rather than a decline today. Traders had been expecteding a bulge of around $50,000,000 and this belief worked against the market in the final hour, bringing considerable irregularity of price movement. Through the day. however, good buying was noted in the rails, coppers. Isteels, motors and rubbers. Oils were depressed, with Marland selling at anew low for the year and closing with a loss for the day of more than a point, further gasoline and crude oil reductions were made. Numerous Highs A group of new highs was scored

TODAY And WEDNESDAY, APRIL 19-20 Greater firestone Corner OPENS For better service to the motorists of Indianapolis Everything is ready—our “Greater Firestone Corner 1 ' is open today! Now Indianapolis motorists can drive in at Delaware and Michigan—our same headquarters for tire service, but greatly improved and enlarged now . —and get anything in tire, battery or gasoline and oil service they desire. Better facilities for tire repairs, complete battery department, drive-in for 12 cars UNDER COVER, better gasoline and oil facilities, more greasing and oiling pits; larger stock of Firestone Gum-Dipped Tires, better service all around —these are the main features of our new home. Come in during our opening—Monday, Tuesday and Wednesday this week —inspect our improved premises. Souvenirs for men, women and children.

BETTER AND MORE COMPLETE FACILITIES YOUR EVERY NEED ANTICIPATED

—Souvenirs for All During Opening Days —

with General Motors the leader in this selected list. Allied Chemical reached anew peak for 1927, as did Allis Chalmers, American Sugar. Atchison. Pathe A, Brooklyn Union Gas. Congress Qigar, Diamond Match, Gabriel Snubber, Greene Cananea Mining, Hartman B, Inland Steel. International Business Machine. Mack Trucks, Montana Power, Remington Rand, Southern Porto Rico Sugar, United Drug and Texas & Pacific. Cotton and wheat both profited by the unfavorable weather conditions, and good gains in each were held through most of the session. Bonds were irregular, with heavy pressure exerted against Japanese and Italian issues, the latter being sold to realize profits after their recent rise. The fall of the Japanese cabinet caused considerable uncertainty regarding the outlook for the Government’s loans. Curb stocks were firm with some exceptions, most of the latter being in the oil section which was enlivened only by a rise in Vacuum to anew high.

ILL CASE TRIAL OPENS THIS WEEK Riley Brothers Will Face Jury Thursday. Bn Times srircinl WARSAW, Ind., April 19.—Athol Riley, 23, and his brother, Samuel, 20, farmer youths, will go to trial here Thursday, charged with poisoning the well at Mt. Tabor School, near here, last November. Thirteen of the fifteen pupils at the school were made seriously ill by the poisoned water. The youths were arrested last December. following the of i their three younger brothers, Edward, 7; George, 10, and Robert, 13, ; that they placed Paris green in the well. I _Anger because one of their sisters j had not been allowed to teach at the school is declared by Prosecutor W. G. Loehr, to have been the motive. The accused youths deny the charge. Daly With Governor Warder. Walter H. Daly of Michi- ; gan City penitentiary conferred i with Governor Jackson today in regard to new building projects under ! way at the prison.

f ADOI fSpiffico DELAWARE at MICHIGAN

Former Mrs . Stokes Denies Selling Son Bn United Press NEW YORK, April 19.—Mrs. Rita D'Acosta Lydig, divorced Wife of the late W. E. D. Stokes and later of Philip Lydig, told her creditors today she had received “not one penny” from Stokes for surrendering her son to him and that she had no money hidden from them. “The story that I sold the boy is a lie which I have been too proud to contradict in the past,” said Mrs. Lydig, who recently filed a petition in voluntary bankruptcy. “I contradict it now in order to reply to possible suspicions that I have the millions concealed.” She referred to stories that she received $2,000,000 from Stokes for surrendering their child at the time of the separation. COUNCIL TO HEAR HOSPITAL PLANS Health Board Members Also to Attend Conference. City councilmen voted Monday night to visit the city hospital with health board members Wednesday tc bear plans detailta for the expenditure of $1,700,000 proposed for new buildings. Dr. William A. Doeppers, superintendent, will present a survey of hospital needs. The bond issue ordinance was ‘ntroduced after the State fire marshal's office condemned the old unit. The council withheld action pending explanation of the project. Issuance of $30,000 in bonds for repair of Harding St. bridge approved. A resolution asking a bridge over Fall Creek at Thirty-Eighth St. was adopted. An ordinance rezoning Meridian St. for business from Twenty-Seventh tp Thirtieth St. was passed. FOR NORTH SIDE PARK Development of a park along the White River bottoms from the Butler university campus at Fairview to College Ave. was suggested by Gustav G. Schmidt, city plan commission president, in an address before the Uptown Merchants' Association, Monday, at luncheon in Short's north side restaurant. Other speakers included J. Ray Monaghan, city plan engineer; Lawrence V. Sheridan, the commission's consultant, and J. Clyde Hoffman; the commission's attorney. Schmidt said that North Indianapolis pays 70 per cent of the city's taxes, but receives only 10 per cent of the park board's appropriation and that such a plan would equalize the situation. He advised widening College Ave. and Forty-Second St. before the cost becomes prohibitive. Harry G. Templeton, association president, presided.

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SERGE. MANNING GROOMED TO HEAD CRIMINAL BUREAU Detective Browsing Over Finger Prints to Meet Job’s Requirements. Detective Sergeant Chauncey Manning, who was one of a number of police officers who resigned early in the Shank administration when reduced to patrolman and sent to beats “in the sticks” for Klan affiliations, is being groomed for the superintendency of the new State bureau of criminal identification and investigation, politicians believed today. Manning “Cramming” Manning has been studying finger prints for three weeks in the Bertillon department at police headquarters, where he was quietly assigned by Police Chief Claudp F. Johnson without consultation with the board of safety. Before July 1, when the criminal bureau act becomes effective. Secretary cf State Frederick E. Schortemoier must appoint to the superintendeney a man who shall have had “at least five years' experience a.i a police officer and can qualify as to classifying Bertillon rneas urements and finger prints to the satisfaction of the finger print expert at the Indiana State prison." Needs Jackson 0. It. The appointment is subject to the approval of Governor Ed Jackson, who rode into office on a wave of Ku-Klux Klan support. To Schortemeier also fall the duty of appointing an assistant superintendent who shall be a law graduate, two investigators and the necessar number of clerks. The act carries an appropriation of $30,000 annually, but does not specify salaries. These are to he fixed by the secretary of State. Manning has been a member of the police department here twenty years. Following his resignation during Shank's administration, he was reinstated early in the Duvall regime, serving as detective sergeant until his sudden assignment to the Bertillon department. 1,200 HONOR DARROW Noted Lawyer Praised at Celebrat lon of Seventieth Birthday. Bn United Press CHICAGO, April 19.—Praise and admiration were the reward of Clarence Darrow, internationally famous lawyer and philosopher, as 1,200 of his friends gathered to celebrate his seventieth birthday anniversary last night. Darrow was variously acclairQei as ‘'defender of man's civil rights,” “friend of the Negro and lowly,” “Advocate of human rights,” “optimistic cynic," “defender of science” and "humanitarian."

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