Indianapolis Times, Volume 39, Number 164, Indianapolis, Marion County, 17 November 1927 — Page 13
NOV. 17, 1927_
STEEL COES UP WHILE GENERAL MOTDRSDROPS Fear of Increase in Brokerage Loans brings Irregularity.
Average Stock Prices
Average of twenty Industrials Wednesday was 194.53, off .84. Average of twenty rails was 139.46, off .07. Average of forty bonds was 99.13, up .07. r • Bu United Press NEW YORK, Nov. 17.—Fears that brokerage loans would show a substantial increase in the report to be issued after the close of the market today brought selling at the opening of the stock market and early dealings were marked with irregularity. However, changes were relatively small with more gains than losses. General Motors and United States Steelmove in opposite directions at the outset with Steel off and Motors up. Later they reversed these positions with Steel rising in good demand and Motors under pressure. Motors Up Again Motors and motor accessories were again bid up. Reynolds Spring came into prominence with a gain of % to %. Reports are current that a group is seeking to raise this issue above ten. Irregularity which characterized Wednesday’s market was in evidence in early dealings today. Steel common, Union Carbide, American Can and other leaders sold off. However, offerings were largely for the short account, representing efforts of the bear crowd to start a fresh reaction. Irregularity Continues Irregularity continued through the second hour despite the better tone in Steel and General Motors. Commercial Solvents dropped 4!4 to 156, Loew’s % to 55%, Houston Oil a point to 156%, and Missouri Pacific preferred fractionally. However, the main body of stocks maintained a confident tone and many issues were sharply higher. Demand developed for Radio Corporation, carrying the price to 83, up 2 points from the previous close, and within a fraction of its high record. National Surety spurted % to 317%, anew peak and General Electric continued in strong demand around 131%, up nearly a point. Copper issues were strong and motor issues held early gains.
Banks and Exchange
FOREIGN EXCHANGE Bn United Press NEW YORK, Nov. 17.—Foreign exchange opened irregular. Demand sterling, *4.87 3-16, off l-16c; francs, 3.93 c; lira, 5.45 c, up ,00'4c; belga, 13.94%C, off .00%c; marks, 23.85 Vic, up .01.
In the Stock Market
(By Thomson & McKinnon) NEW YORK, Nov. 17.—The pressure of the investment demand was shown in Wednesday’s large turnover of bonds. It was shown in the active demand for dividend paying stocks. It will continue this pressure for the supply of funds seeking re-employment will increase rather than diminish during the remainder of the year. It is accomplished by more favorable news developments, the upturn in steel production, improvement in general trade, gradual shaping of railway consolidation policy, the removal of French tariff discrimination an(f the growing belief that 1928 is to be another highly prosperous year. There are bound to be periods of profit-taking and irregularity, but I believe a strong market is gradually getting under way and would suggest keeping pace with it.
Local Wagon Wheat
Local grain elevators are paying *1.29 for No. 2 red wheat. Other grades are purchased on their merits.
In the Sugar Market
(By Thomson & McKinnon) NEW YORK. Nov. 17.—Despite the nervousness due to various interpretations of the Parte dividend payments, there is a stronger undertone to the sugar market than has prevailed for some time. Prominent sugar house in analyzing the latest Cuban statistics finds that there will remain available for sale, after the allotment to the export commission, etc., only about 426,000 tons. Os this a part is reserved for refining in Boston and Philadelphia under special contracts with the balance controlled by large interests who have confidence in the market. I think we wIU sea higher prices. Bu United Press NEW YORK, Nov. 17.—Sugar opened 1 to 2 points higher. December, 2.90; January. 2.93; March. 2.89; May. 2.97; July. 3.04; September. 3.12. FRUIT RATES LOWER Commerce Commission Reaffirms Deciduous Fruit Decision. Bu United Press _ WASHINGTON, Nov. 17.—Tne Interstate Commerce Commission today reaffirmed its previous decision prescribing lower rates on deciduous traits other than apples from California to trans-continental points. It denied the protest of the Southern Pacific and other lines against the new rates. The commission has ordered rates of $1.73 to Eastern points and of $1.62 to northern points reduced to $1.60 and $1.50, respectively. ANNOUNCES RESOURCES National Banks Have $27,213,824,000. Largest in History. TBu United Pres} WASHINGTON, Nov. 17.—Comptroller of Currency Mclntosh announced today the total resources of ~ 604 reporting National banks in the Unitel States, Alaska and Hawaii on Oct. 10, totaled $27,213,824,000, the largest amount ever reported in the history of the system. Loans and discounts including rediscounts Oct. 10, amounted to $14,366,926,000, an increase of $411,230,000 since June. r
New York Stocks _ By Thomson & McKinnon
—Nov. 17Railroads— Prev. High. Low. 12:00 close. Atchison 192 190% 192 191 At Coast L ....190% 100 190% 190% B & O 119 118% 119 118% Can Pacific 194% ... 194% 194 C & O 211 ... 211 211% C & N W 91% 91 91% 91 C R & P 10814 ... . 108% 108 Del & Hud 187% ... 187% 187 Del & Lack ....137 ... Erie 64% ... 63% 64% Erie Ist pfd... 62 ... 62 61% Gt No pfd 100% ... 100% 100 Lehigh Val ... 97% 96% 97 96% K C South .-63% 63% 63% 63% L & N 154 153 153% 153 M K & T 44% ... 44% 44 Mo Pac pfd ...118% 117 118 117% N Y Cen 163% 162% 163% 163% N Y N H & H 52% ... 52% 52% No Pacific 97% ... 97% 97% Nor & W 191 ... 191 192 Pere Marq 131 129% 131 179 Fennsy 65% 65% 65% 65 Vs Reading 108% ... 108% 107% Southern Ry ...139% 139 139% 139%' Southern Pac ..121% 120% 121% 121% St Paul 16% ... 16% 16% St Paul pfd ... 29% ... 29% 29% St L& S W... 77% 76% 77% 76% St L & S F ...111 110% 111 110% Union Pac 192% 192% 192% 192 Wabash 65% 84% 64% 65% Wabash pfd ... 93% ... 93% 93% Rubbers— Ajax 8 ... 8 8 Fisk 15% ... 15% 15% Goodrich 80 79 79% 79 % Goodyear 54% 58% ‘59 58% Kelly-Spg 31% 30% 31% 31 U S Rubber ... 51 ... 50% 50% Equipments— Am Car & F ...104% 104 104% 104 Am Loco 107% 106% 107% 106 Am Stl Fd .... 51% ... 50% 51% Bald Loco 255% 251 255% 250 Gen Elec 131 130 131 130% Lima 57% X. 57% 57 N Y Air Bk ... 41V, ... 41V, 41% Pres Stl Car ... 72% 71% 72% 73 Pullman ....... 81 80% 80'% 80% Wsth A B 43% ... 43 43% Wsth Elec 83'% ... 83% 82% Steels— Bethle 55% 54% 55 54% Colo Fuel 77% ... 76% 77 Crucible 82% ... 82% 82% Gulf St Stl 50% ... 50% 50% Inland Steel , 53 Phil RC & 1.... 43% 42% 43% 42% Rep Steel 60 Sl-Shef 117 U S Steel 142% 140% 142% 141% Alloy 26y, ... 26 V* 26 Vanadium 53 ... 53 53 Motors— Amer Bosch .... 23% ... 23% 23% Chandler 21% 19 21 19% OChrysler 57% 56% 57 56% Cont Motors .... 9% 9% 9’/, 9% Dodge 16% 15% 16% 15% Gabriel 34% ... 34 34% Gen Motors ....134% 133 134 133 Hudson 69 68 68% 68% Hupp 25% 25% 25% 25% Jordan 16% 16 16% 15% Mack 105% 104 105 104% Yellow Coach .. 31% ... 30% 31% Moon 8% ... 8 8 Nash 88 ... 88 87% Packard 50% 50 50% 49% Peerless 25% ... 25% 24% Pierce Arr 17% 16% 17% 16 Studebaker 56% 55% 56% 56% Stew Warner .. 73 72% 73 72% Timken 119% 117% 119 117% Willy e-Over ... 15% 51% 15% 15% White Motors ... 34% ... 34% 34 Mining— Amer Smelting .172% 171% 172 171% Anacofida 49% 49% 49% 49% Cer De Pas 62% ... 62% 62% Inspiration .... 18% ... 18% 19 Int Nic .—“66% ... 66% 66% Kennec 79% 79 79% 79 V, Magma 50% ... 50% 50% Tex G & Sul 72% ... 71% 71% U S Smelt 38% ... 38% 39 Oils— At Ref 122% 120% 122% 120% Cal Pete 24% 23% 24'/, 23% Frep Texas .... 94% 93% 93% 93Vi Houston 157% 156 157 157 V* Indpt Oil 26V, 28 26% 26% Marland C 36V* 36% 36V* 30':, Mid C Pete .... 29 ... 29 28% Lago 37% ... 36% 37 V* Pan-Am Pete B 50Vi 49% 50 50% Pro & Refg ... 27% 26V* 27V, 27% Phil Pete 43 42% 42V, 42% Union Oil 43 ... 42% 45 Pure Oil 26V* ... 26 V* 26% R’y’l Dutch .... 48 ... 48 48 Shell 27 26% 27 27% Sinclair 16% 16% 16% 16% Skelly 27% 27V* 27% 27% S O of Cal ... 56V, 55% 56 56 S O Os N J 40% 40% 40% 40% SOof N Y.... 32% 32% 32% 32% Texas Cos 53% 53% 53% 53% Trans Pete .... 10% 9% 10 9Vi Whi Eagle .... 23V* ... 23% 23% Industrials— Adv Rumly 11% ... 11% 12 Avlis Chaim 113 V* Allied Chem ....151 150 V, 151 151 Armour A ...... 10 ... 10 9% Amn Can 71% 69% 71 70% Am H-L 11 Am H-L pfd .... ... ... ... 57 Am Safety R... 59% ... 59V*. 59% Am Wool ~ . 22% Am Linseed ... 71% 69V* 70 71 Coco Cola ... 122% Cont Can 77Vi 76V, 77 76% Cert Prods ~ ... 52% Dav Chem .... 33% ... 33V* 33% Dupont 325 324 325 324% Vamous Pi 108% ... WB% 109 Gen Asphlt ... 84 ... 84 84% Int CEngr.... 49 ... 48 V* 48% Int Paper ..... 68% 68 64% 68% >lnt Harv 243% 242 243% 242 V* May D sta ... 87% ... 87% 87% Mont Ward .... 85% 85% 85% 85% Nat Lead 125 Owen Bot .. ... ... 78% Radio 82% 81% 82 81 Real Silk 26,, ... 26 25% Rem Type 23V, ... 23 23V, Sears-Roeb 78V* 78 78% 79 United Drug ..194% ~i 19a'/* 106 Univ Pipe 25% U S C I P .... 204 ... 204 202% USIn A1 82 80% 81% 80 Woolworth .... 192% 192 192% 191V* T. 179 177% 178% 177% Amer Express.. 181% 180% 181 180 Amer W W .... 62V* 62% 02V* 62% Brooklyn Man.. .. ... ••• . 53 Col G and E.. 91% 91 91% 91 Cons Gas 114% 113% 114 114% No te Am r Co'V.'.V. 59% *BO% '59% 59% Peoples Gas .... l“4 Phifa Cos ~ ... •••„ 124 , S Gas and E ... 60% ... 60% 60'/* West Union,... 172 169% 172 169 Am’ln’ow 51% 62% 53% 52% Atlantic Gulf... 38% 37 38 36% Int M M pfd ... 38% 37 38 37% United Fruit 141 Am°Sugar 75% ... 75% 75% A B Suear ••• •••.. I&V4 Beech N 70% 70 70% 69 Calif Packing... 67 ... 67 67% Corn Prods ... 64% ... 64 64 Cuba C pfd .... 33 ... 33 33 Cuba A Sug.... 21 % 20V* 21% 22% Fieischmann ... 67% 67 87% 67% Jewel Tea ... 72 Nat Biscuit ■ 150 Punta Aleg 33 ... 33 33 Postum 117'/. 117 117% 118 Ward Bk B 31% ... 31% 31% Am Sumatra.... 63V, ... 63 ,63% Amer Tob 175% 175 175% 176 ArHer Tob 8... 175% 175' 175% 176% Cons Cigars ... .. ... ••• . 23% Gen Cigars .... 72V, ... 72% 72% Liggett 120 V,. 119V* 120 120% Lonllard 44% 43 44 44% R J Reynolds.. 152’/, ... 152% 153 Tob Prod B 105 104% 105 104% U Cig Stores 34 Schulte R S ... 60% ... 50% 51 FLORIDA ADVENTURER FACES PIRACY TRIAL Theft of Liquor Is Charged to Picturesque Seamen. Bu United Press NASSAU, Bahamas, Nov. 17.—The piracy trial of “Pop” Nesle, a picturesque figure of the Florida Keys, was expected to open today. As the only piracy case in recent history, the trial has aroused world-wide interest. Nesle was arrested recently In connection with the alleged theft of liquor in British waters off Cat Cay, north of the Island of Bimini. The prosecution charges that Nesle, while on an American Coast Guard cutter, took the liquor cargo of another boat and cached it on Cat Cay. When the British government found the cache, it arrested Nesle.
50-Cent Gulp Bu United Press BROOKLYN, N. Y., Nov. 17. —Afraid he would lose his wealth, Walter Benecke, 10, placed a shiny 50-cent piece in his mouth. He accidentally swallowed the coin and it lodged in his esophagus. Dr. Golden of the Kings County Hospital, with a pair of forceps made especially for an emergency, successfully extricated the coin. It was a bloodless operation and Walter is recovering.
PIGS ADVANCE HERE AS OTHER PORKERS DROP Take From 25 Cents to $1.25 Jump at Local Stockyards. —Hog Price Range— Nov. Bulk. Top. Receipts. 9. 9.00 ft* 10.00 10.00 7,500 10. 9.000 9.75 9.75 5,000 11. 9.00(3) 9.90 9.90 “ 4,000 14. 9.00# 9.65 9.65 9.100 15. 9.oofti 9.50 9.50 9,000 16. 9.50© 9.65 9.65 9,000 17. . 9.25ft* 9.60 9.60 8,500 Although the rest of the hog market was weak today, pigs advanced from 25 cents to 51.25 to a range of [email protected]. About 8,500 animals were received, with 360 held over from the previous high receipts. The hog top was 5 cents lower at $9.60. Most animals weighing 180260 pounds sold at $9.50. The Chicago market was active, with 50,000 received, but prices were general'y 10 cents lower. The top was 5 cents off at $9.75. Pigs Are Higher Pigs made a spectacular gain to a range of Other porkers dropped. Those weighing 130160 pounds sold at [email protected], a slump of 25 cents on the high end. Material in the 160-200-pound class dropped 10 cents on the high end of tthe range, selling at [email protected]. Animals in the 200-250-pound class were down 5 to 10 cents, going at [email protected]. Heavy butchers sold 5 cents off on the top at [email protected]. Cattle were steady, as a whole. Beef steers were strong at $12.50@ 17, and cows unchanged at $6.50@>9. Low cutters and cutter cows lost their 25-cent gain that has been carried for several days and fell at the top of [email protected]. Bulk stock and feeder steers were unchanged, selling at $7.50 @9. Approximately 700 were received. Lamb Top Higher Vealers were steady today, with 500 in the pens. The best sold at sls@> 15.50, and heavy calves went at $6.50 @9.50. Top fat lambs advanced 25 cents to $13.25, although others were unchanged. Bulk fat lambs advanced 25 cents to $13.25, although others were unchanged. Bulk fat lambs sold at $12.50@>13 and culls at $7.50@10. Fat ewes went at $4.50 @6.50. About 200 were received. —Hog*— Receipts, 8,500: market irregular, lower. 90-130 lbs *8.75(0' 9.25 130-160 lbs 8.75 ft/ 9.25 160-200 lbs 0.25419.50 200-250 lbs 9.40(0 9.60 230 lbs. UP 9.50® 9.60 •—CattleReceipts, 700: market steady. Beef steers *12.603(17.00 Beef cows 6.50® 9.00 Low cutters and cutter cows.. 4.25® 5.75 Bulk stock and feeder steers.. 7.50® 9.00 —Calves— Receipts. 500; market steady. Best vealers *15.00 0 15.50 Heavy calves 6.50® 9.50 —Sheep and Lambs— Receipts. 200; market steady to strong. Too fat lambs *13.25 Bulk fat lambs 12.50013.00 Bulk cull lambs 7.50(010.00 Fat ewes 4.50® 6.50
Other Livestock Bu United Press CHICAGO. Nov. 17.—Cattle—Receipts, 15,000: better grade fed steers, fairly active and fully steady; lower grades more active than early; about In line with Wednesday's 25®50c decline; *18.50 paid for yearlings and mediumweights; several loads. $17.50ft( 18.25; she-stock mostly steady; bulls strong to 15c higher; vealers strong; most low cutters, $5; few, *s® 5.15-; strong weights around *5.50; sausage bulls with eight to shippers. *7.40©7.85; lighter kinds, *7.25 downward; vealers. *l2 013. mostly; *12.50©13 to packers. Sheep —Receipts. 10,000; fat lambs active, strong to 15c higher; choice fed lambs in light supply, demand good; asking around *l4 for best; early bulk good lambs. *13.50ft/ 13.75; few good to choice natives, *13.85; sorts moderate to light: culls, *10.50©11; sheep steady; good and choice fat ewes, *6.25®6.75; choice lightweights absent; feeding lambs slow and weak; early sales medium to good lambs, *l3O 13.50. Hogs (soft or oil hogs and roasting pigs excluded)—Receipts, 50.000; market steady to 10c lower; heavyweight, 250-350 lbs., medium to choice, *9.250 9.75; mediumweight, 200-250 lbs., medium to choice, *9.15®9.65; lightweight. 160-200 lbs., common to choice. *8.6009.40: light lights. 130-160 lbs., common to choice, $8.2509.10packing sows, smooth and rough, *7.7sftj; Bu Times Special LOUISVILLE, Nov. 17. —Hogs—Receipts, 600; market, steady; heavies. *9.55; mediums, *9.15; lights. *8.40; pigs, *5.80 ©6.80; roughs. *6.30ft£7.30; stags, *6.40. Cattle—Receipts, 400; market, steady. Calves—Receipts, 100; market, steady; good to choice. *11.’0©13.50; medium to good, s9.softi 11.50; outs, *9.50 down. Sheep— Receipts. 50; market, steady; top lambs. *11.50® 12; seconds; *6©7; sheep, *ft/5. Wednesday’s shipments Cattle, 126; calves, none; hogs, 561; sheep, none. Bu United Press EAST BUFFALO. Nov. 17.—Hogs—Receipts, 1,200: holdovers. 182; market, steady; 160-200 lbs., *9.75.10; 130-160 lbs., *9.500 9.85; 90-130 lbs.. $9.350 9.65; packing sows. $8,250(9. Cattle—Receipts, 200. Calves—Receipts, 100; market, strong; calves, steady: light Yearling steers and heifers, *14©14.50; vealers, *15.50®16. Sheep—Receipts, 600; market. 25c higher; top fat lambs, *13.75; bulk cull lambs, $lO 010.50; bulk fat ewes, *5.5006.50. Bu United Press CLEVELAND, Nov. 17.—Hogs—Receipts, 2,500; market, steady to 10c lower; 250-350 lbs, *9.75; 200-250 lbs., *9.750(9.85; 160200 lbs.. *9.75; 130-160 lbs., $9.2509.75; 90-130 lbs.. *90(9.50; packing sows, *80) 8.50. Cattle—Receipts, 200. Calves—Receipts, 200; market, slow, steady; beef steers, $9.50® 10,50; beef cows, s6@B; low cutter and cutter cows, *4.500(5.50; vealers, $130)16. Sheep—Receipts, 1,200: market, lambs. 250/50c higher: top fat lambs, *l4; bulk fat limbs, *13.25fr(T3.75: bulk cull lambs, slo© 11; bulk fat ewes, $5©6.50; bulk feeding lambs, $10011.50. Bu United Press PITTSBURGH/, Nov. 17.—Hogs—Receipts, 3,000; market. 150'25c lower: 250-350 lbs., *9.750)10.10: 200-250 lbs.. $9.750 10.10; 160200 lbs., $9.50@10; 130-160 lbs.. $9.25<) 0.80; 90-130 lbs., *8.7509.50; packing sows. sßft/'8.75. Cattle—Receipts, none. Calves —Receipts, 100; market, steady; beef steers nominally *10.75 0 13; vealers, *14.500716.50. Sheep—Receipts, 500; market, steady to 25c higher; top fat lambs, $13.75; bulk fat lambs, *[email protected]; bulk cull lambs. *7@9. Bu United Press TOLEDO. Nov. 17.—Hog*—Receipts, 1.200: market 10© 15c lower; heavies, *9.40 ©9.65; mediums, *9.25ft/9.40; Yorkers, *9 @9.40; good pigs. *8.50®9. Cattle Receipts, 350; market steady. Calves—Receipts, light: market steady. Sheep and lambs—Receipts, light; market 25c higher.
In the Cotton Market
(By Thomson & McKinnon) NEW YORK. Nov. 17.—1 tis a trading market in cotton for the present—strong one day, easy the next. Mav ought to hold around 20 cents. Local traders apEear to be bearish. The long side on reaks looks best. Bu United Press NEW YORK. Nov. 17.—Cotton opened lower. December. 19.55, ofit .12; January. 19.60, off .13; March. 19.85. off .09; May, 19.99, off .11; July, 19.85, off .13; October. 19.25, off .13. It’s Gone, but Left Tracks 3 CHICAGO, Nov. 17.—A freight carload of pig tin, valued at $36,000, was reported stolen from the New York Central yards here today.
THE OT)IANAPOLIS TIMES
Commission Row
PRICE TO RETAILERS Apples—Box apples: Jonathans, *3® 3.25; Delicious. *3.75®4.50; Grimes, *2.75 ©3.25. Barrel apples: Jonathans. *9.50; Grimes. *9: Bellflowers, *5.503 7.50; Baldwins, $6. Basket apples (40-lb. baskets): Jonathans. *2.50@3: Grimes, *2.75ft*3; Werlthles. *3; Pippin. *2.75<8>3: Delicious, *4: cooking apples. *2.25; Wolf River, 83; Idaho Delicious. *3.25. Bananas—6®Bc lb. . . . Berries—Cranberries, *7.5008 one-half barrel. Cocotnuts—Jamaica, *6.50 per 100. Grapefruit—Florida. *5.25. Grapes—Lady Fingers. *3.50 lug: California Malagas, *2.75 lug; California Emperors, *5 keg. *2.40 lug. Kumauats —Florida. 25c quart. Lemons —Florida, *B® 10.50 crate. Limes—Jamaica. *3 per A OO. Melons—California Casabas, *3 crate Oranges—California, *6OIO crate; Florida. *5.50(n 6.25 crate. Pears—Washington Bose, *6.25 per box: Florida Avocados. *5 per dozen; Washington D'AnJous, *6 box. Persimmons—lndiana, *1.75 crate. Pomegranates—California. $3 crate. Satsumas—Alabama, *2.75 half bu. VEGETABLES Artichokes —California, (2 per dozen. . Asparagus—California, 75c per bunch. Beans—Southern, *2.500:3 per hamper. Beets—H. G.. 35c dozen. Brussels sprouts—?sc lb. Cabbage—H. G., I%©2c lb.; red cabbage. *1.75. Carrots—H. G., 40c doz.; bulk, sl@l 25 bu. Cauliflower—California, *2 75 crate. Celery—Michigan, Highball. *1 crate; *1.35 flat crate; Michigan rough. *3 per 2-3 crate; Michigan washed. 50c a doz. Celery cabbage—*l.2s doz. Chives—Pots. *1.50 doz. Cucumbers—Hothouse, *1.75 do*.: southern. *1.25 doz. Eggplant—H. G., *202.50 do*. Endive—soc doe. Garlic—California, 15c lb. Kale—H. Q.. 75c bu. Leek—soc bunch. Lettuce—California, head, *5.50 crate; hothouse, leaf, 75c 16 lbs. Mushrooms—9oc lb. Onions—Spanish, *2.25 0 2.50 crate; Indiana white, *2.50 per 100-lb. bag; Indiana yellow, *2 per 100-lb. bag; Indiana red, *2 per 100-lb. bag; yellow, red. *1.25 per bushel: white, *1.75 bu. Ovsterplant—4oc doz. Parsley—soc dozen. Parsnips—*l.3s bu. Feppers—Fingers, 75c peck; mangoes. $1.25 bu; pimentos, 75c peck; Florida mangoes. *4 crate. Potatoer —Wisconsin whites, *2.90 1 50lb. bag; Minnesota Russets, *2.40 120-lb. bag; Minnesota Red River Oblos. *2.35 120-lb. bag; Idahos. *2.40 110-lb. bag; Idaho Bakers. *3.50 per box. Radishes —Hothouse buttons, 50c dozen; long red or white, 35c dozen. Rutabagas—*l.7s per cwt. Shallots—7sc doz. Spinach—H. G., *1 bu. Sauash —Hubbard, *3 fcbl. Sweet potatoes—lndiana Jersey mediums. *1.25 bu; Eastern Shore. $2.75 lbl.: Indiana Jerseys. *2.25 bu. Tomatoes—California, $5 Mate; $2.50 30lb. lug. Turnips—H. 0., 85c bu. OYSTERS Standards—s2.so gal.: select, $3 gal. CIDER Cider—ss.so 14 gal.; $4.50 6-gal. case: $4.75 12 half-gal. fars. APPRAISAL IS DISCUSSED Chicago Realtor Chief Speaker at City Luncheon. John P. Hooker, Chicago Real Estate Board president and appraisal committee chairman of the National Association of Real Estate Boards, discussed property appraisal problems at today’s luncheon of the Indianapolis Real Estate Board at the Chamber of Commerce. Hooker defined the fair cash value of a piece of real estate as “the price at which a property will sell for in cash to a purchaser able but not compelled to buy. if offered for sale by an owner not compelled to sell.” FIRST SEALS ARE SOLD Mrs. John H. Holliday Is Initial Purchaser on List. Mrs. John H. Holliday. 1121 N. Meridian St,., is the first Marion County purchaser of 1927 Tuberculosis Christmas Seals, according to announcement today by Marion County Tuberculosis Association officials. Mrs. Floyd W. Jones, 219 E. Seventeenth St., purchased the second packet, after phoning headquarters, 1217 Meyer-Kaiser Bank Bldg., that she was leaving the city, not to return until after Christmas.
FIX CANTATA REHEARSAL Scottish Rite to Practice Tonight for Christmas Service. First rehearsal of the mixed chorus for the Christmas cantata, “The Coming of the King,” bp Dudley Buck, will be held tonight at the Scottish Rite Temple. The cantata, under the direction of Arnold Spencer, is one of the features of the St. John’s day program of the rite at the Murat Temple Dec. 27. About 150 persons will take part. International Declares Dividend Bii United Press NEW YORK, Nov. 17.—International Harvester Company today declared the usual semi-annual 2 per cent stock dividend and the regular quarter cash dividend of $1.50 on the common stock. The stock dividend is payable Jan. 25, to stock of record Dec. 24 and the cash dividend Jan. 15, to stock of record Dec. 24. Commission Fixes Valuations Bu United Press WASHINGTON, Nov. 17.—The Interstate Commerce Commission today fixed a final valuation on the Pittsburgh & Ohio Valley Railway of $153,000 as of 1919. A final valuation of $220,000 as of 1916 was fixed by the commission on the Sante Maria Valley Railroad, California. Asks Authority to Issue Bonds Bn thiited Press ' WASHINGTON, Nov. 17.—The Missouri Pacific Railroad Corporation (in Nebraska) applied today to the Interstate Commerce Commission for authority to issue $2,276,500 first mortgage 5 per cent gold bonds, and to deliver them to the Missouri Pacific railroad. Reduced Size Currency Late Bu United Press WASHINGTON, Nov. 17.—The reduced sized currency to be issued by the Treasury will not be available for general distribution for a year, Undersecretary of Treasury Mills said today. Mechanical difficulties have delayed production. Coast Line Declares Dividend B u United Press , NEW YORK, Nov. 17.—The Atlantic Coast Line Railroad today declared the usual extra dividend of $1.50 and the regular semi-annual dividend of $3.50 on common stock, payable Jan. 10, to stock of record Dec. 15., Hoosier Hunter Wounded Bu United Press WASHINGTON. Ind., Nov. 17. O. D. Neff, Washington, automobile salesman, was accidentally shot and wounded late Wednesday by Roy Feagans, his companion on a hunting trip near here. Nine buckshot entered Neff’s legs above the knee, but the injuries are not serious.
(RAIN PRICES UP LITTLE IN DULL_SESSIUN Foreign Wheat Displays Strength During the Day. Bu United Press CHICAGO, Nov. 17.—Today’s session on the Chicago Board of Trade was dull, with grain prices late in the day slightly above Wednesday’s close. - Wheat was Inactive, the initial upturn at the opening being practically the only price movement of consequence up to the last hour. Locals were bearish, but the country at large was inclined to buy on Winnipeg and Liverpool strength. Winnipeg was strong on a Canadian export business of 1,000,000 bushels. Liverpool worked higher on good continental demand. Receipts here were eleven cars and the cash market was unchanged. The uncertainty of husking reports and the absence of other consequential news made corn traders cautious and kept the range narrow. Some points reported disappointingly small yields and poor quality grain. Weather was unsettled, with more snow over the belt. Receipts were small at seven-ty-one cars and cash corn was steady. Oats were dull and featureless, although Northwestern and other outside interests showed signs of buying early In the day. Provisions worked lower. Chicago Grain Table —Nov. 17WHEAT— Prev. High. Low. 12:00. clo.se. Dec 1.28% 1.27% 1.27% 1.27%
Gives Pep and Power!
It's a tonic —this unique gasoline. Puts new life in an old car. New pep and power. Fill up the tank with Solite and see! The engine is agile and eager. Quick to start. Away at a touch—smoothly, quietly picking up speed. A motor fueled with Solite is ready and able to do your will. It has the nimbleness to respond on the instant. It has the power to do what you ask* Most light gasolines sacrifice power for speed. Not Solite! It drives the piston the full stroke under power. That’s why it gives such pep and power and speed! Motorists are glad to pay a few cents mere to get it! At Any Standard Oil Service Station and at Most Garages Standard Oil Company Indianapolis, Ind. 4740. . (Indiana)
March 1.32% 1.31% 1.31% 1.31% N May 1.35 1.34% 1.34% 1.34% CORN— Dec 86 .85% .85'/* .85% March 90% .89% .89'/* .89% M 93V * ' 92% “ 9a% Dec 49% .49% .49 % .40% March 51% .51% .51% .51% May 52% .52 .52 .52% Etec 1.06% 1.05% 1.06 1.06 March 1.08% 1.07% 1.08 1.08 May 1.09% 1.09 1.09 LARD— Dec 12.00 11.97 12:00 12.10 Jan 12.40 12.35 12.45 May 12.70 12.65 12.72 RIBS— Jan 11.60 ..... 11.40 11.65 FEW ADVERTISEMENTS FOUND TO BE UNTRUE Thousands Are Investigated by Local Bureau. Truthfulness of the advertising appearing in Indianapolis newspapers was attested by the October report of the Better Business Bureau, available today. \ Os the thousinds of advertisements printed investigators for the bureau found ninety-seven which appeared questionable. Shopping upon these advertisements showed thirty-four to have been correct, leaving only sixty-three out of the thousands incorrrect. The bureau is making a drive for accuracy in advertising of materials in women’s clothing. WABASH TO CELEBRATE College Homecoming Program Will Open Friday Bu Times Special CRAWFORDSVILLE, Ind., NOV. 17.—Wabash College will begin its annual homecoming program Friday evening, to continue through Saturday. A bonfire and pepfest will be held by students Friday evening. A street parade will follow. Saturday moriYing freshmen football teams of Wabash and DePauw will play. Reunions will be held at noon luncheons. De Pauw and Wabash varsity elevens will meet in their annual game in the afternoon.
Produce Markets
Butter (wholesale price) No. 1, 48® 52c; No. 2. 47©49%c. Butterfat (buying price)—47o49c. Eggs—No. 1 fresh, averaging 24 ounces to doz., 46®50c; No. 2, 31@32c; general run, 40042 c. Cheese (wholesale sel'ln gprlces, per pound)—American loaf. 35®38c; pimento loaf, 37®40c; brick loaf. 35@38c; Swiss, No. 1. 42©44c; Imported Swiss, 60062 c; Wisconsin flat, mild and sharp, 30 ©32c; print cream, 29c; flat Daisy, 27© 28c; Longhorn. 28®29c; New York, llmberger. 30®34c; Wisconsin llmberger. 28®30c. Poultry (buying prices)—Hens. 20®21c: Leghorn hens, 14015 c; Leghorn springs, 14 turkeys, young toms, 35©40c; hens, 35® 38c; old toms, 25©30c; ducks. 13017 c; geese, 14@17c; guineas, young, 50c; old, Bu United Press CLEVELAND, Nov. 17.—Butter—Extras, In tub lots. 51%0 53%c: firsts, 45%®46%c; seconds, 40%©41%c; packing stock, 38c. Eggs—Extras, 56c; extra firsts, 53c; firsts, 46c; ordinary, 36c; pullet, firsts, 26c. Poultry—Heavy fowls, 24®25c; medium, 200 21c; Leghorn fowls, 14®16c; heavy springers, 25026 c; Leghorn springers, 21st( 22c; cocks. 16®17c; ducks, heavy, 22@24c; medium. 20®21c: geese, 20022 c; turkeys, young hens and gobblers. 43 0 45c. Po-tatoes—lso-lb. sacks. Maine, branded *3.75; plain, *3.40; New York Gainesville. $3.75; plain, *3.40; Ohio. *3.250/3.35; Michigan, 3.25®3.50; Wisconsin and Minnesota, *3©3.35. HOOSIERS WED IN CAGE OF LIONS DRIFT APART Wife at Peru Says Husband Never Provided Home Bu Times Special l 3RTLAND, Ind., Nov, 17.—Mr. and Mrs. Earl Osenbaugh who were married in a cage with lions here seventeen years ago to win $lO, are at the parting of the matrimonial ways. The wife is asking for the divorce. She alleges Osenbaugh has never provided a home for her and that boxes served them as furniture. She says she was forced to do washings to earn a living and had also done a man’s work unloading coal from cars. Oldest Solon Is 95 Today Bu United Press KINGSTON R. 1., Nov. 17,—Representative Walter H. Faunce, member of Rhode Island’s Legislature, and probably America’s oldest active legislator, celebrated his ninety-fifth birthday here today.
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PREDICT END 1 urn RULE Senators Say Majority to Nominate Democrat. Bu United Press WASHINGTON, NOV. 17.—Senate* Walsh, Montana, and Senator Caraway, Arkansas, predicted today that the next Democratic presidential candidate will be nominated by a majority instead of a two-thirds vote. Chairman Clem L. shaver of the Democratic national committee is here conferring with party leaders on the subject. Walsh said privately he favored abolishing the two-thirds rule, which tied the last Democratic convention in a long deadlock. He said abrogation of the rule is “very likely.” Caraway went further. He said his information was that a majority of the national committee was ready to adopt a resolution to that effect at the meeting of the committee next January. Later, the chairman of the convention, he said, will declare it to be the rule of the convention. If objections arise a majority vote will be sufficient to sustain the chairman. In this way it will be unnecessary for a two-thirds vote to repeal the rule, Caraway pointed out. Shaver is represented as believing the rule will not be abrogated. Child Swallows Nail Bn Times Special PORTLAND, Ind., Nov. 17.—Donald Alig, three and a half years old, is suffering much pain today as the result of swallowing an eight-penny nail at the home of his parents, Mr. and Mrs. John Alig, east of here. Unless the nail can be removed with a bronchoscope, an operation will be performed.
