Indianapolis Times, Volume 39, Number 190, Indianapolis, Marion County, 17 December 1927 — Page 13

■DEO. 17, 1927.,.

STEEL, MOTORS LEAD GAINS IN STOCKMARKET Copper Issues Strong, Some Reach New Highs; Rails Up.

Average Stock Prices

Average of twenty industrials Thursday was 197.09, up .35. Average of twenty rails was 140.90, up .34. Average of forty bonds was 99.28, off .01. Bit United Press NEW YORK. Dec. 16.—Strength in General Motors and U. S. Steel which sent both issues up more than 3 points furnished the leadership in stock market circles today and the entire list made gains. Copper issues were strong. Chile and Anaconda reached new high ground and other mining issues were firm. Greene Copper spurted more than 5 points. Mercantile issues gained no prospects of Christmas business, while motor shares were higher. Oils, led by Sinclair and Marland made fair sized gains, while several special issues gave a spectacular demonstration of strength. Continental insurance soared 5Vi points. Lehigh Valley and Canadian Pacific were the favorites in the railroad division. Strengthened technically by the recent period of correction, the general list moved ahead with considerable uniformity. Traders who had taken a short position in anticipation of a further increase in brokers’ loans had a bad time. Announcement of a decrease of approximately $5,000,000 caused substantial gains in early dealings. Advancing tendencies picked up aggressiveness as the session progressed. Demand for standard industrials was created by belief that the early months of 1928 would witness a substantial revival in general business.

Banks and Exchange

1 STATEMENT Local l clearings today were $4,191,000. Debu jrere $8,684,000. NEW YORK BANK CLEARINGS Dec. 16.—Bank clearings, si.786.000,000; clearing house balance, $183,000,000. FOREIGN EXCHANGE Tn United Pres* NEW YORK. Dec. 16.—Foreign exchange closed lower. Demand sterling. $4.8711-16, off 3-16; francs. 3.93%c, off .00%; lira. 5.42%c. off .00%; Belga, 13.9814 c; marks, 23.88 c; Montreal, ,9990625 c.

Produce Markets

Butter (wholesale price)—No. 1. 527$ 55e: No. 2,49050 c; packing stock. 22@25c. Butterfat (buying price)—s2'3 53c. Eggs—No. 1 fresn. averaging 24 ounces to do*.. 40R41c; No. 2, 24@25c; general run. 40c. Cheese (wholesale selling prices, per pound)—American loaf. 35<338c: pimento loaf, *7®4Cc: brick loaf, 37(340c; Swiss No. 1. 42® 44c: imported Swiss. 62c; Wisconsin flat, mild and sharp, SO-.: print cream, 28@29c; flat display. 29 330 c: onghorn. 28329 c; New York limberger. 30'S 34e: Wisconsin limberger. 28330 c. Poultry (buying prices)—Hens, 19021 c; Leghorn heps, 13015 c: spring. 18®21c: Leghorn springs. 14®15c; roosters. 10® 12c; turkeys, young toms, 38®40c; young hens. 38@40c; old toms, 25028 c; old hens, 35@38c; ducks, 15017 c; geese, 14@17c; guineas, young. 50c; old. 35c. B.V United Preen CLEVELAND. Dec. 18 —Butter—Extras in tub lots, 54®56c; first. 47'.349Vic; second*. 43'/a®4sVic; packing dock. 30332 c. Eggs—Extras. 49c; extra firsts. 46c; firsts, 41e; ordinary. 36c; pullet firsts. 29c. Poultry —Heavy, fowls. 24@25c; medium. 20@22c; Leghorns, 16@17c: heavy springers. 24® 25c; Leghorn springers. 183 20c; cocks. 16 (®l7c; ducks, heavy. 23@25c; geese. 22@ 24c: turkeys. 42® 43c. Potatoes—Round whites, 150-lb. sacks. New York. $3.35; Maine. $3.25; Ohio, $3.16®3.25; Michigan, $3.1533.25; Wisconsin and Minnesota, $2.75(92.85; 115-lb. bags. Idaho russets, $2.50(32.75; selected stock, $3.7504; 105lb. bags, Colorado brown beauties, $2.25 02.35; home grown, bushel. $1.2501.35. B.u United Pres* CHICAGO, Dec. 18.—Butter—Receipts, 4.259; extras, 50c: extra firsts, 47 Vi @ 49c; firsts. ; 41Vi@44c; seconds, 37039’ic standards. 47%c. Eggs—Receipts. 2,25(7 firsts. 42c; ordinaries, 32336 C; seconds. 22 ®29c. Cheese—Twins. 26Vac: young Americas. 28c. Poultry—Receipts, 7 cars: fowls, heavy. 21Vic: small. 17@18c; ■■Springs, 18c; ducks, heavy. 22c: small, 18c; steese. 22c; turkeys. 32@39c; roosters, 18c. Potatoes—Arrivals. 68 oars; on track. 186: in transit. 543; Wisconsin sacked round whites, $1.5001.65; Idaho sacked russets No. 1. $1.5001.70: partly graded and slightly frozen stock, $1.1001.50. Potatoes —*1.5002. Rn United Preee NEW YORK. Dec. 16.—Flour, dull and unchanged. Pork—Steady. Mess—434.so. Lard—Firm: midwest spot. $12012.10. Sugar—Raw, firm; spot 96 test delivered duty paid, 4.61 c; refined, firm; granulated, 5.6005.90. Coffee—Rio No. 7 on spot, 14@14Vic; Santos, No. 4. 21 Vi @ 22c. Tallow—Firm: special to extras. B%@ BVic. Hay—Steady; No. 1, $1.1001.15; No. 3. 80®95c; clover, 65c051. Dressed poultry Steady to firm: turkeys, 25 0 55c; chickens. 20037 c; broilers, 22@38c; capons, 30050 c; fowls. 16031 c; ducks, 20 030 c; ducks. Long Island, 23026 c. Live poultry—lrregular; geese, 31024 c; ducks. 150 25c; fowls, 16® 25c: turkeys. 35045 c; roosters, 14c; chickens, 17028 c; capons, 35c; broilers, 28 ®3sc. Cheese—Quiet and firmer; State, whole milk, fancy to specials, 29029 Vic; voung America. 29®29%c. Potatoes—Long Island. $204.10; Jersey, basket. 75c®$l;southem. ss®B; Maine, $2.60 0 3.70; Bermuda. S6O 13.50. Sweet potatoes—Jeresey, basket, $102.25; southern barrels, *2@ 2.50; southern, basket. [email protected]. Butter —Firm: receipts. 4,650: creamery extra, 52c; special market ,52Vi@53c. Eggs— Firm: receipts. 69,068; nearby white fancy. 560 58c; nearby State white, 48055 c: fresh Urals, 42045 c; Pacific coasts. 50©54c; western whites. $8052c; nearby brown, 56@57c.

In the Stock Market

(By Thomson & McKinnon) NEW YORK. Dec. 18.—In the absence of adverse Influences, today's stock market continued active and strong. The mere fact that there was no further Increase In brokers loans had a sentimental affect, alsthough It Is doubtful if a further Increase ■would have attracted any attention. Whatever there was In the way of favorable ■trade news was emphasized as a factor In ■ becoming the particular group Involved. ■United States Steel and General Motors | were features, the latter on an announcement of an expansion policy that indicated ran absence of apprehension as to Ford (competitors. Practically the entire motor lllst responded to this encouragement. It ■is quite evident that a good part of the jhuyir.x just now Is in anticipation of the Bieavier demand to come after the turn of ■the year, when the reinvestment of yearBsnd disbursements, which are exptecd to be Bof greater proportions than ever before, ■will be underway. The money situation is ■apparently causing no anxiety, the point Ibelng made that not onyy did brokers' [loans fall to increase, but Thursday’s [financing and tax payments were passed [bv unnoticed. Nothing much can occur 'between now and the end Os the year to offset general trade, so that lt is removed for the time being as a definite market factor. It thus becomes a matter of market sentiment, backed by an abundance of money. While a reaction may develop at any moment, there Is nothing ln sight to altar the prevailing trend. MRS. GOODHUE BETTER Mother of Mrs. Coolidbe Continues Recovery From Influensa. % r Mass., Dec. 16. —Continued improvement in the condition of Mrs. Lemira Goodhue, *B. mother of Mrs. Calvin Coolidge, wa* reported today. Mrs. Goodhue, isl with influenza, has been in Dickfnsoj Hospital since Sunday.

New York Stocks _ Bv Thomson t McKinnon

—Dec. 16— Prev. Railroads— High. Low. Close, close. Atchison 194% 192% 194 Vi 192 Vi At Coast L 189V 3 189 189% 187% B. & 0 119 118% 118% 118% Can Pacific ....218% 215 316% 214% C. & 0 207 206 Vi 207 206 C. &N. W 87% 86% 87% 86% C.. R. & P 108 Vi 107 107% 107% Del & Hud 190 Vi ... 187% 187% Del & Lack ....137% ... 137% 139 Erie 62 Vs 62 62% 61% Erie Ist pfd 62% 62 Vi 62% 63% Ot No pfd 99% 99 99% 98% Lehigh Val 97% 95% 96 95% K C South 61% 60% 61% 01 L I® 3 M. K. and T 42 41% 42 41% Mo Pac pfd ....114% 113 Vi 114% 113% N. Y. Cen 164% 163% 163% 162% N. Y.. N. H. &H. 60% ... 59% 60& No Pacific 99% 98% 99% 99 Nor & W 193 ... 193 193 Pere Marq 136% ... 136% 136 Penney 64% 64 Vi 64% 64% Reading 106% 104% 105 106 Southern Ry ~..146% 145% }46% 146 Southern Pac ..135% 123% 134% 133% St. Paul 18% ... 18 18% St. Paul pfd 34% ... 34% 34 St L& S W .... 78% 78 78% 78 St L 6c S F 108 106% 107 107 Union Pacific ..194 ... 194 1|3% Wabash 66% 66 66% 65% Wabash pfd .... 93% ... 92 93V4 Rubbers— Alax lt% 10% 10% 10% Fisk 16 - ... 15% 16 Goodrich 93% 92% 92% 93% Goodyear 89% ... 59 59 Kelly-Spg 16% 15 15% 26%, U 8 Rubber .... 67% 56% 58% 66 Equipments— Am Car and F. .103% 103 103% Amer Lioco loiVi 108 106% 107 Am Steel Fd .... 66% 05 65 6*V Bald Loco 353 ... 353 , 352 Gen F.y Signal ..121% 119% 121% 119% Gen Elec 134 Vi 133% 133 181% Lima 56% 54 55% 54% N Y Airbrake .. 43% ... 43 43 Pres Stl Car ... , ... TO% Pullman 81% 91% 01J* jin Westh A B 47 ... 46 a 46% Westh Elec 91% 90% 90 Vi 89% Steels— Bethlehem 59% 58 59 57% Colo Fuel 82 % 81% 82 81 Crucible 88% 88 88 % 87 Gulf St Stl 65,, 54 55 54% Inland Stl 57% .... 57 57 Phi! RCSc X.. 40% 39% 40% 40 Rep Stl 61% 59% 61 59 Sloss-Shef 131% 117% 121% 115% U 8 Steel 150 147% 149% 146% Alloy 28% 25% 38% 28% Vanadium 594s 58% 59% 58% Motors— Amer Bosch .... 22% ... 21% 21% gr r . .v::::. if % ** iovi % gont Motor .... 1% 0% 11 rt°hrii 29 27% 27% 29% General Motor 133 130 113% T29Vi Hwp on .:::::::: IU 8& £ % S n .iii% ii% ij Nash 98% 97% 97% 96% Packard 57% 56% 57 66% Peerless 83% ... 314 33% Pierce Arrow ... 13% 13% 13 4 13% Studebaker .... 60% ... 59% 59£* Stewart-Warner 83% 81 83 .59 * Timken 134% 132 133 134 Willys-Over 18% 17 17% 1% White Motor .. 39% 36T4 38% 37 Mining— Amer Smelt ... 176% 175% 176% 175% Anaconda 58 55 55/s 55 Cer De Pas 67% 66% 66% 66% Greene Copper..l26 118% 125% 117£ f Inspiration 21% 21 21% 20% Int Nickel 7|% 72% 74 (2% Kennec 83% 83% 83% 83-4 Magma 52% 56% 52% 50 / Tex O& S .... 77% 75% 76, 76% U S Smelt 48% 47 Vi 47% 47 % Atfftef* 110';. .. lOj'.i 000 Houston 156% 154 155%, 154 Indpt Oil 26Vi ... 26Vb 26*/a Marland C 35 33% 34% 33a Mid O Pete .... 38% 27% 37% 37% Lago 34 % 33% 94% 33% Pan-Am Pete B 45% 44 44% 44 - Pro & Refg ... 36 34% 35Vi 24% Phil Pete 41% 40% 41% 40% Unlo nOil .... % 45 45% 44'* Puff* on ... 25% •. • 25 9 /t R'y’l Dutch .... 47% 47 47% 47% AVi#ll .... 25 3 /4 25H J9K2 Sinclair ....... 18% 17% 18% 17% cirpiiv 26r ... 25\* 2 ova S o y of'cal ... 55% 55% 55% 55,s SOof N J 39% 39% 39% 39% SOof N Y.... 31% ... |l% 31% Texas Cos 53% ... 53.* 53 j? Trans Pete . .... 9% 9% 9,* 9% Whi Eagle .... 31*/* ... 21 21, Industrial*— - Adv Rumly .... 13 ... IS *3 Allis Chaim ...115% 115 115 115^4 Allied Chem 154% 153 a IW/ 152 , A r nn OU Can 73V* '71% 72% 71% Am H-L pfd '.V. 58% ::: 68 Am Safety R... , ••• •••,. 4 'I Prods"'... 55% 54% 54% 55% g^ont h * m .321'* nil 319 Vi 316% Famous Pi' 110% 108 109% 108 Gen. Asphlt .... 79 78% 78% 79 Ini p a pe?“ r :::: ??% . * **4 Int Harv 249% 245% 348 % 343 Vi S&W au' •::: I% Sb% S|% Mont Ward ....117% 116% 117% 116 Wt ' ' p Rem TvM ". 33% ‘23Vi ’33*i 23% SSSt%SUi-"iS* ><•"■ !‘p> {‘ | spmt-tl# a £ U S Ind Ale' 111% 109 V. 109 Vi 110% Wool worth ... 193% 192% 193’/. 191% Amtell Tel 182 180% 181% 180% Amer Express... .. ... ••• Amer W W 60% 69'/a 60 60% Brooklyn Man.. 56% ... 56a 56% Col G and E ... 91 90*. 90% 91% Cons Ggs 117% 117% 119 1'7% Interboro 33% ... 33.* 34 No Amer Cos. ... 60% 59*/s 59% 00,i Peoples Gas ~ 163 Vi 163 l*? I '* } Phila Cos 153 150 153 Is 9? St Gas and El. 60% ... 60 80% Western Union. 171 ... 170 169% Am In Corp .... 57% ... 57% 56% AUanUc n<l Gulf.'." 39% '39% 39% 38 * A B Sugar 17% ... 17% 17% Austin Nichols .. 4% ... 4% 4% Beech Nut 70 69% 70 69% Calif Pack 74%, 73% 74% 73% Corn Prods 65% 65 65% 64% Cuba C Pfd ... 30% 30% 30% 31 Cuba A Sugar .. 20% 19% 20 20 Fleischmann 67% 67 67% 67 Jewel Tea 80% 80 80*/* 80% Nt Biscuit .... 173% 171% 17244 173% Punta Alegra .. 10% ... SO 30% Postum 120% 119% 120% 130 Ward Bak 8.... 37% ... 2T% 27% Tobaecos— Amer Sumatra.. 68% ... 66 66 Amer Tob 175 ... 174% 174 Amer Tob B ... 175% 174% 175% 174% Cons Cigar* .... 83% 82% 83% 82 Gen Cigars 74% 73% 73 Vi 73% Liggett 134% 123 123% 122% Lorlllard 39% ... 39 29 R J Reynolds .. 158% 158% 157% 161% Tob Prod B 117% 115% 116 116% U Cigar Store3.. 34 , % ... 34% 35 Schulte R S ... 53% 82% 53% 53% Utilities P 30 ... 30 30

In the Sugar Market

(By Thomson Sc McKinnon) NEW YORK, Dec. 16.—Sugar futures were extremely quiet showing comparatively little change ln prices. There was not much disposition to operate on either side although the reported sales of raws were considered encouraging. It was stated that buyers of raw sugar were showing more interest at 2 27-32 and there seemed to be some encouragement to the idea that 2% might lie paid ln the near future. Reports very pi-obably Indicated the expectation of a further reduction In Licht’s estimate. We look for a gradual hardening tendency. RAW SUGAR PRICES —Dec. 16High. Low. Close. January 2.85 2.84 2.85 March 2.87 2.86 2-87 May 3.94 2,93 2.93 July 3.02 3.6! 3.02 September 3.11 3.10 3.11 December 2.81 2.79 2,*i Chicago Stocks —Dec. 16Open. High. Low. Close. Armour Del pfd 86 *6 85 85 Armour 111* pfd 67% 67'% 67 67 Auburn Motor ..117% 119% 117% 119 Real Silk 'i 122 122% 122 122% Swift Sc Cos ....125 125 124',i 125 Swift Inti 25% 25% 25 25 Wrigley 71% 71% 70 , 70% Borg Sc Beck ... 80% 82 80% 11% Illinois Brici? ... 41 % ... Yellow Cab 7 ... 43% 43% 43 43 Elec H Util ... 12% 13% 12% 12% Gossard 43 Monsanto 38% 38% 38% 38% Natl Std 37% 39 37% 38% New York Liberty Bdnds —Dee. 16— Prev. Close, close. 3%s 101.26 103.2 Ist 4%s 103.9 103.9 3d 4Vis 100.19 100.19 4th 4Vis 103.29 103.30 Tr 4%s 1952 115.14 115.12 mr 1954 110.14 110.12 Tr l%s 107.14 107.13

HOGS DROP 20 CENTS; 13,000 RECEIVED HERE Vealers Take Increase of 50 Cents to $1 at Stockyards. —Hag Price Range— Dec. Bulk. Top. Receipts 9. 8.75® 9.10 9.10 9,500 10. 8.50® 8.85 8.85 10,000 12. 8.35® 8.60 8.65 3.000 13. 7.75® 8.35 8.35 11.000 14. 8.30® 8.68 8.68 6,000 15. 8.50® 8.75 8.75 7,000 16. 8.25® 8.50 8.50 13.000 With 13,000 fresh run hogs and 454 holdovers in the pens, porker prices dropped generally 30 cents at the Union Stockyards today to a top of $8.50. The bulk price paid for animals weighing I§o pounds' upward was $8.40. The Chicago market opened slow- ; ly and steady with Thursday’s best price, with the top at $8.60. About 29,000 were received and 15,000 held over. Vealers were up 50 cents to $1 at the local market and other livestock was generally lower. Pigs Steady Pigs were unchanged as other divisions of the pork market declined from 20 to 25 cents on the hundredweight. Heavy meat material, 250-350 pounds, and animals weighing 200-250 pounds, were selling at $8.40 @8.50. Material in the 160-20 C-pound class sold at $8.25 @ 8.40, off 20 to 25 cents. Lights, 130160 pounds, were down 25 cents on the top of the range selling at sß@ 8.25. Packing sows were s7® 7.25, down 25 cents on the top. Beef steers were 25 cents lower on the top in the cattle division, selling at $10.25 @12.50, and cows went at $6.75@9, down 25 cents. Low cutter and cutter cows were unchanged at $4.75 @6 and bulk stock and feeder steers brought $7.50 @9, also unchanged. About 1,000 were received. Calf Top $1 Up Calves rallied from the slump of the last week and went to a top of sl6 selling from sls up. Heavy calves were unchanged at [email protected]. Receipts were estimated at 800. Sheep and lambs were lower with 1,500 in the pens. The top was down from a quotable price of sl4 to $13.25. Bulk fat lambs sold at $12.50® 13, down 50 cents, and bulk culls were 50 cents lower on the top at $7.50® 10. Tat ewes were unchanged at [email protected]. —Hog*— Receipts, 18,000; market lower. 250-350 lbs. $8,400 8.50 200-250 lbs 8.40© 8.50 160-200 lbs 8.25® 8.40 130-160 lbs 8.000 8.28 90-130 lb* 7.50® 8.00 Packing sows 7.00® 7.75 -CattleReceipts, 1,000; market, lower. Beef sters $10.25012.60 Beef cows 6.75® 9.00 Low cutter and cutter cows.. 4.75© 6.00 Bulk stock end feeder steers.. 7.50® 9.00 —Calve.— Receipt?, 800; market, higher. Best vealers $15.00© 18.00 Heavy calves 6.50® 9.50 —Sheep and Lambs— Receipts, 1.570; market, lower. Top fat lambs $13.36 Bulk fat lambs 12.57013 00 Builk cull lambs 7.50010.00 Fat ewes 4.50® 6.50 Other livestock Brf CHlCAGo! re *E)ec. 18.—Cattle—Receipts. 3.000: no reliable market for anything excepting cutter eows and vealer calves; weak to unevenly lower on other classes; demand very narrow; fresh receipts Incrersed by stale offerings held from early In the week: bulk yearlings, $13.50: most yearlings and light steers. $10.75i&12.75: most fat cows, sß.so downward; few. s9® 3 -50: bulk heifers largely $lO downward: sprinkling yearling heifers. $10.50011.25; low cutters largely $5.25; strong weights up to $5.75: vealers. $11011.50. Bheep— Receipts. 11,000; fat lambs slow, 15 0 25c lower than Thursday; good desirable l i& t w elg] 2& A 1 3913 A:, tQ P choice handysl2®l2.,s. light throwouts. $10.25011; Sheep steady to weak; top fat ewes, $7; bulk desirable kinds. $606.75; feeder lambs duality plain, weak to a shade lower; medium to good, 65@73-lb. cuti3' Ho , k 4. ( ? olt or oily hogs and roasting pigs excluded)—Receipts, 29.000; market generally steady at Thursday's heavyweight 250 to 350 lbs. SSShTw#* ♦ ch j?i£*',vM.looß.Bs: mediumkmifo hghtwelght 160 to 200 lbs. comto Choice, light lights 1?° to 160 lbs. common to choice, $7.2517/ B 2T S sm °oth and rough. $7.15 10 130 Ume! Bii Times Special Jir^J LE i 18 -— H °gs—Receipts, 900, market, }se lower; beat heavy and *R2s£S? g, lv* 8 0 5®8.: lights and pig*. san s ®^ 4 ?;, ‘hrowouts and stags, $6.05® ts, 300: market, slow steiriv k ( m£f <l '*’ eS “ l l* e i* 200: cjeiket, steady, good to choice. $U.50@13 50 : 31 e d u m to good, $9.50011.50; outs, $8 50 down. Sheep—Receipts. 50; market, steady* f4?r,s*i5 bs ’ sscond '. s7®9; sheep s4® 5.50. Thursdays shipments; Cattle 136: calves, 102; hogs. 309; sheep, none. ’ Bii United Press EAST BUFFALO, Dee. 16.—Hogs p,. ctelpta, 4 560; holdovers, 599; market Jtrong: 256-350 lbs., $9©9.15: 200-250 ]bs Bt 58.9009.15* 160-200 lbs.. $8.76@9* 130-160 90-130 lbi® 6608.25: packing sows. $707.50. Cattle—Receints reeelpts 600; market stlady;’ c, D. ts , , u „p; vealers. $16.50® 17. Sheep —Receipts, 5.300; market 25c down* bulk nso: a C S k ,10 - 50 ® Dec. 16.—Hogs-Receipts, 48 R ssijp I V IC ?*nV. i?? !? 0 down: 250-350 I'bs*! lbs* 8 M SBtf, a o s" ss ,°,A b f n *?/ 55 ®8.65; 160-306 IBs., $8.40 08.68, 130-160 lbs,. $8 08.65 * 90- ™ 8808 10; packing sows, $707.50. marktr*s!kj 18 *. 50 ' CeJvSs—■Receipts, 200; weak; beef steers, til ft*;”: vealers. *14.50016.50. Bheep-Re-eelpts, 1 000; market, steady to Jsc *down; lambs, $14.50: bulk fat lambs. sl3® 14.86; bulk cull lambs. SBOIO. ® Dee. 16. Hogs Receipts $8.85, 200-230 lbs.. $8.7808.86; 180-200 lbs ie^p'es' lo ' l ® lbs *’ **®B-75 : 90-IJO lbs!! —R. B ?ni. P * e e k nft® “S*, 1 ’ *707.50. Cattle —“W 30 ®- Calves—Receipts. 150* 8t ”* $9.35®1b; beef cows, $6.50tf?8.25: low cutter and cutter cowt. $4.75(018; vealers, sl3©lß 50 Sheen -Receipts i 860; market, lambs, weak 25c tsat umbi--2 I®*—Hogs—Receipts. ,00: g: marLt. ‘ nd Umbt ~ Dec 16.—Hogs—Receipts, 0 3 -50 1bL%V08. , 60* tC 2O d (? , -2S ■bs.. *!.5008.60; 160-200 lbs.. s6®i.6o; 130160 lbs., $7.7508.25; #O-130 lbs.. *7©7.75Peckltyt sows. *6.50® 7. Cattle—Receipts 500 Calves— Receipts. 450; market, steady; be . f steers. *9O if light Yearling steers and heifer*. 98013; beef cow*. 88.5008.75: low cuttc* and cuttef cows, 54.75®5 25; vealers. {lC"(14.50; heavy eaives. *lO 0 1*; bulk stock and feeder steere. $8.5009.50 Sheep—Receipts, 225; market. *teady; top fat lambs. 814; bulk fat lambs. $14013.80; ®6^0 CUU larobs ’ *^® 9: bl >lh I*t ewes. $4 'e-/ >r i!Suia, Dec. 16.—Hogs—Re--86.750T.75; packing sow* .56.7507.40. Cattle—Receipts, 3,000. Calve*—Receipts. 1.000 market, weak; beef steers, $9.50011.50 heef cows. *7®s; low cotter and cutter light Yftrlintp tnd heifers. $7.50®9.60; cows. $4.85©>5; vealers, *14.50; heavy nelyers. $6 *OO 9 50; bulk stock and feeder steers. $0.90 0 91125. Sheep—Receipts. 1,060; market, lower: too fat lambs. *13.50: bulk fat Jambs. $1301128; bulk cull lambs. $9; bulk fat *%es, ss©B.

THE INDIANAPOLIS TIMES

Commission How

PRICE TO RETAILERS FRUITS Apple*—Fancy barrel apples; Jonathans $8.5009: Bellflowers. $7.50: Btaymans. $8.50 f9; Grimes Golden. *9; R. I. Greenings. ; Kings. SB. Barrel apples; Grimes >!den. $7.5008; Bellflowers, 86; Baldwins. $5.7506; Wagners. $5.7506; Jonathan. $7; Winesaps. *6. Box apples: Delicious, *4® 4.75; Grimes Golden. $2.5003.50: Jonathans. $3®3.25; Staymens, $3.25 03.75. Basket apples (40-lb. baskets): Jonathans. $2.5003; Orimes Golden. $2.5002.73; Delicious. *3.25; Wolf River. 12.75 @3: 20-ounce Pippin. $2.50: staymens, $2.5002.75; cooking apples. $2; York Imperials. B grade, *1.75; Staymans. B grade. $1.85; Grimes. B grade. $2.25: Senator. $2.50; Northern Spy*. $3; Rome Beauties. s2,7** Baldwins. *2.30; R. I. Greenings. $2.75. Bananas—B@Bc lb. Berries—Cranberries, slOOll one-half barre,. Orapefruit—Florida. $4.2505.25 crate. Grapes—Callfornit Emperors. $6 keg; (2.2502.50 lug; California Almeria. $2.75 lug. Kumquats—Florida. 20c quart. Lemons—California. $7.50©8 crate. Limes—Jamaica. *3 per 100. Oranges—California Navel*. $4.3007.30. crate: Florida. $4.3504.75 per crate. Pears—Washington Bose. *6.25 per box; Florida Avocados, $5 per dozen; Washington D'AnJous, $6 box. Tangerenes—Florida, $3.7564.35 a crate. VEGETABLES Artichokes—California. $2 per dozen. Beans-Southern. $2.2502.50. Beets—l bu. Brussels Sp-outs—2Bc lb. Cabbage—H. G.. 2®2%c lb. Carrots—slol.2s bu. bu. Cauliflower—California, $2.75 e>te. Celer>*—Michigan. *1.35 flat ;rafle; Michigan rough. *3 per 2-3 crate; Michigan washed. 50c@ 1 doz. Celery* Cabbage—*l.2s doz Cucumbers—Hothouse, $2.25 doz.; southern. $1.25 doz.: Florida. $6 crate. Eggplant—H. G.. $2 doz. Endive—so doz. Kale—H. 0., $1 bu. Leek—soc bunch. . . Lettuce—California, head. *506.50 crate; hothouse, leaf, *3.25 IS lbs. Mushrooms—7sc lb. . ... Onions— Spanish. *3.3502.50 crate; Indiana White. $2.50 per 100-lb. bag; Indiana yellow. *2 per 100-ib. bag. Ovaterplant—50c doz. Parsley—6oc doz. bunches. Parsnips—*l.so bu. Peas—California telephone.: 6.50 hamper. Peppers—Flners, 75e peck: Florida manKO Pota*toes—Michigan white. *3 150 lbs.: Minnesota Russets, *2.40 120 lbs.; Minnesota Red River Ohlos, $2.28 120 lbs.: $2.40 cwt. Radishes—Hothouse buttons. 90c dozen: Southern long red. 35c dozen. Rutabagas—*l.76 per cwt. Shallot*—7sc do*. „„ . Spinach—H. G.. *1.2501.50 bu. Sweet Potatoes diums, *1.50 bu.: Indiana Jerseys. *2.2a bu.: Nancy Hall. *1.60 hamper Tomatoes—Hothouse, *3.50 per 10 lbs. Turnips—H. Q.. 85c bu. MISCELLANEOUS Cider—New York, *5.50, 14 gal. kep: $4.50. 6 gal. case: $4.75. 12% gal. jar. . Cocoanuts—s6 per 100. Garlic—lsc per lb Oysters—standards. $2.50 gal.: selects $2.75 gal. Squash—Hubbard. $3.50 bbl. HOLIDAY SUPPLIES Cedar Roping—sl.2s per 30-yard roll. Holly—Wreaths. *1.75 per doz.: loose. *6 per case. Laurel Roping—sl.so per 20-yard coll. Lveooodlum —*1.25. 20-vara roll. Mistletoe—*l.so per 10-lb. case. Trees—Vermont spruce. *3© 10. singles: $2.26, bundles of 3 and 3; $2.33; bundles of 4. 5 and 6. Tree Holders—Wooden cross Pieces. *l-75 per 25 paid; metal holders. $7.5009 per dozen.

Indianapolis Stocks

—Dec. 16— —Stocks— Bid. Ask. Amor Central Life 300 Amer Creosotlng Cos pfd 102 ... Belt S R com 67% 69 Belt R R pfd 59% ... Cent Ind Power Cos pfd 84 06 Cities Service Cos com 51% ... Cities Service Cos pfd 94% ... Citizens Gas Cos com 56% 58 Citizens Gas Cos pfd 106 Commonwealth Loan Cos pfd .. 99 Equitable Securities Cos com. 51 Hook Drug com 30 ... Indiana Hotel com (Claypool) .125 Indiana Hotel pfd 101 Indiana SeiviCe Corp pfd 85 ... •Indianapolis Gas com 60% 63 Indpls & Northwestern pfd 50 ... Indpls P & L 6%s pfd 103 Vi 103% Inools P & L 7s pfd 101% 102% Indpls Pub Wei Ln Ass n 47% ... Indianepolls St Ry pfd 38% 41 Indpls Vater Cos pfd 103 Indpls Water Wks Sec C 0..... 98 Interstate Pfl pr Hen pfd./... 103% 107 Interstate P S sis pfd 86% ... Merchants Pub Util pfd 100 North Ind Pub Service pfd ... 99 101 Progress Laundry com 35% ... Rauh Fertilizer pfd 60 Real Silk Hosiery pfd T H I Sc E com 1 T H I & E pfd 20 T II Trac and Lt Cos pfd .... 92 Union Trac of Ind com % Union Trac of Ind Ist pfd 1 Union Trac of Ind Sd pfd % Union Title Cos com 84 Van Camp Pack Cos pfd 10 Van Camp Prod Ist pfd 96 100 Van Camp Prod 2d pfd lC’ —Bank Stocks— Aetna Trust and Sav Cos 120 Bankers Trust Cos 140 City Trust Cos 150 ... Continental National 193 Farmers Trust Cos 245 Fidelity Trust Cos 162 Fletcher American 177 Fletcher Sav and Trust Cos 275 Indiana National Bank .54 265 Indiana Trust Cos 217 357 Livestock Ex Bank i62 172 Marlon County Bank 316 Merchants Nat Bank 328 Peoples State Bank 335 Security Trust CO 275 State Savings and Trust 100 Union Trust Comoanv 480 ... Wash Bank and Trust C0....168% ... Bond* Belt R R and Stockyard* 4s ... 90% ... Broad Ripple 5s 80% 83 Central Indiana Gas 6s 98 Cent Ind Power Cos 6s 103 Chi 8 Bend & N Ind SS 18 Citizens Gas Cos 5s 164 107 Citizens St RR 5s 87'% 88 Oary St Ry 5s 89 91% Home TANARUS& i of Ft W6s 103% ... Indiana Hotel 6s ...100 Indiana Northern 2 4 Indpls Northern 5s 12 19 Ind Ry and Lt 5s 05 Ind Service Corp 5s 95 Ind Union Trac 5s 2 Indpls Col 6t South 6s 99 101 Indpls Gas Cos 8s 101% 102% Indpls Sc Martlnsvi'le 6s 80 ... Indpls Northern 5s 11% 13% Indpls & Northwestern 6s .80 ... Indpls Power and Lt Cos 5s ...100% 100% Indpls St Ry 4s 67% 69 Indpls Trac & Term 5s 95% 96% Indpls Union Ry 8s 103% Indpls Water 5%s 104% ... Indpls Water Ist 5s 99 104 Indpls Water 4%S 97% 100% Indpls Water Wk Bec Cos 65...100 Interstate Pub S 6s 104 ... Interstate Pub S Bs 6%s 105% ... N Ind Pub Berv Cos 8s 99% ... T H I & E 5s 83 T H Trac and Light 5s 93 Union Trac of Ind 6s 10% 13 •E::-divldend. —Liberty Bond*— Liberty Loan Ist 3%s 102.34 102.40 Liberty Loan Ist 4%s 101.28 103.42 Liberty Loan 3d 4%s 100.06 100.22 Liberty Loan 4th 4%s 103.96 104.10 II S Treasury 4%s 115.36 115.50 U 8 Treasury 4s 110.30 llO.aO U S Treasury 3%S 107.40 107.58 U S Treasury 3Vis 100.04 100.30 U S Treasury 3%s 102.49 103.64

In the Cotton Market

OBv Thomson * MeKlhnonT NEW YORK. Dec. 16.—The cotton market was easier on the opening under the influence of southern hedge selling. This source of selling disappeared after the first hour and the market gradually advanced under the Influence of moderate buying until prices were sllgthly higher than Thursday’s close. Some New York jobbers reported an Improvement in their sales ,as contrasted with their business of last week. Palling to And any reason to believe that the general business cf the spinners has undergone any radical improvement. we are disposed to regard the market sdvance as more of a technical adjustment, brought about by recent short sales, which are now being undone, than a permanent change in the market’s character. We think sales on a further advance advisable. NEW ORLEANS High., Low. Close. January 18.95 18.59 18.90 March 19.15 18.81 19.11 May 10.34 18.90 19.13 December 18.87 18.80 18.87 NEW YORK High. Low. Close. January 1i.93 18.54 18.98 March 10.10 18.74 19.07 May 10.33 18.88 10.33 July 19.22 18.88 19.22 October 10.78 18.49 18.75 December 18.90 18.57 18.89 CHICAGO High. Low. Close, January 18.99 18.68 18.99 March 19.22 18.89 10.31 May 19.32 19.00 10.30 October 18,72 18.80 18.67 NEW YORK COFFEE RANGE —Dec. 16— High. Low. Close. January 13.08 11.08 13.08 March 15.15 13.11 13.15 May 13.09 13 07 13.09 July 13.07 13.04 13.07 lleptember 13.00 12.97 13.00 4ecember 13.25 13. 0 13.35

GRAIN FUTURES FIRM AS CORN LEADS RALLY Wheat Holds in a Narrow Range; Large Foreign Crops Reported. Bit United Press CHICAGO, Dec. 16.—Com led a mid-season rally that firmed all grains and netted a rise of 1 cent in Its own prices during today’s session on the Chicago Board of Trade. Wheat held within a narrow range, without decided movement either way. Small shipments of Manitoba were reported worked overnight, but export business was generally dull. Australia and the Argentine continued to report prospects of large crops. Receipts here were nine cars and the cash market held unchanged. Corn opened weak, and heavy selling brought a sharp decline. The Government report is expected to clear up the crop controversy is to whether the Nov. 1 estimate must be greatly lowered. ✓ Oats showed fair strength, rallying easily when com set the example. Receipts, 104 cars; cash market unchanged. " All futures held their mid-session gains fairly well and closing prices were around the day’s high points. Pinal figures: Wheat, up % to % cents; com, up 1 cent, and oats up M to % cent. Provisions rallied and finished about steady with Thursday’s close.

3 Fair men’s rayon or Ladies* fancy cuffed Girls sweaters and j jm rayon and (// gloves, wonder IQ. sport coats. Wanted _ .. ..vm *9. D , TfiVS \

KJ] MEN'S AND WOMEN'S BATHROBES 97 Newest colors and combinations. M 1-JL size. Special K 7? MEN'S $1.39 AND $1.50 FANCY ffly Dress SHIRTS QA—AH the very smartest patterns and C specially priced at hp/) 3,000 SILK NECKTIES almost endless array of the season’s very smartest patterns and M new colors, 98c to t# yA MEN’S DRESS r.I OVF.S —All wanted materials—all popular colors—all sizes—specially priced at k m to mM I# jtffctm: SLIPPERS Felt and leather for QQ men, women and ~'*.•. • .*• children, 98c to to 98c

\ Sale of Ladies’ Novelty Slippers hL M L \ w|HkV\lA All the very smartest styles of the new season—satins, patents, ISWIk \ two-tones, new ties, pumps and strap effects. Reptile and rich Gorgcoua Fur-Trimmed II SIR 11 MEN’S SUITS <<#■ COATS and OVERCOATS Tou can’t resist such sensation- Blwek QC rm —, | M; ■. x \f J al values. Imagine lt! Coats tai- Color* / % OIH K iHt'lvW'J yjKlfe iored of such materials as lust- Ladiea' and Misses’ -T~ B ■ ■ ■ ■- \ . ■kYWHJI IS ro ’' B Boll * ia8 ' Suedines and Fur n si e * L 1 88l Fabrics. All sizes. $3.50 & $4 ZIPPERS \ty VIS F® and GALOSHES „ t 0 . Mfg] ■KBWTvfe.M'A fctT I 1 IIC Double and single- /iLBr ll 1 XlUyu \ '’*46' ■V a R Smart sports < breasted models in \JMJ.ft J MLJB it &V/Jl styles, high Jp X e v)i/ All /ml ' Ww 1 iSICIOBE STOREIW^ WrT Jiy_fahionabi) de- 330-332-334 WEST WASHINGTON ST. Jf Biggest l | J| J U gg Open Saturday Nighta Until 10 o’Clock Hargainf’ |

Cash Grain

—Dec. 16— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. bas'd 41 Vic New York rate, were: Com—New: No. 2 white, 77%®80c; No. 3. 75 077 c; No. 4 yellow. 77%®80c; No. 5, 73©77c; No. 4 mixed, 75®78c; No. 5,73 Vi @7 Bc. Oats—Steady: No. 2 white, 52%@54c; No. 3. SoVis2%c. Hay—Weak; No. 1 timothy. $13.50014; No. 2 timothy, *12.50®13; No. 1 light clover mixed. *13.50® 14; No. 1 clover mixed, sl3 @13.50; No. 1 clover hay. *16.50@17. —lnspection Coro—No. 3 white, 1 car; No. 5. 1 car: No. 6, 1 car; No. 4 yellow. 3 cars; No. 6. 5 cars: sample yellow, 3 cars: No. 3 mixed, 1 car; No. 5, 1 car; sample mixed, 1 car; ear, J car. Total, 18 cars Oat*—No. 2 white, 1 car; No. 3, 1 car; No. 4. 2 cars; sample white. 2 cars. Total. 6 cars. Bu Times Soccial CHICAGO. Dec. 26.—Carlots: Wheat. 14; corn, 137; oats, 45; rye, 9. Bu Times Special CHICAOO. Dec. 16.—Primary receipts; Wheat. 722,000. against 729,000; corn. 1.292.000. against 850,000; oats., 322,000. against 382.0000. Shipments: Wheat. 495,000. against 571.000; corn. 779,000. against 392.000; oata. 328.000, against 339,000. New York Curb Market -Dec. 16- Bjd Ajk Anglo American 19 19% Atlantic Lobos 1% 1% Continental Oil 18% 18% Galena Signal 4% 5 Humble oU •♦% 64% Imp Oil or Canada 59% 60% Ind Pipe Line 75 77 Int Pete 36 36*/, Ohio OU 64% 85% Prairie Oil and Gas 49 49% Prairie Pipe Line 182 I®*!^ Standard Oil Indiana 70% 80% Standard Oil Kansas 15V, 16% Standard Oil Kentucky 123% 128% Standard Oil Nebraska 40 41 Standard Oil Ohio 76% 77V, Vacuum Oil 142 V, 143 Mountain Prod 25% 26 New Mex and Ariz Ld 9% 10% Salt Creek Prod 32Vi 32% Land of Florida 25 26 Durant Motors Del 9% 9% Dubllier 2% 2% Elec Bond and Share 78 78% Elec Investors 43% 44% Ford of Canada 600 605 Midvale Company 37% 39% National Leather 3% 3% Serv El 3% 3% Stutz Motor 18% 19 Cities Service com 52 52% Cities Service pfd 52% 52% Cities Serv Bankers 94% 95 Associated Gas A 49 V, 49% Marmon 46Vi 47% Local Wagon Wheat Local grain elevators are paying *1.29 for No. 2 red wheat. Other grades are nnfebssed or their merits

THE GLOBE STORE—33O-334 W. Basil. St.

HOKE IS NAMED MANAGER HEAD Succeeds Coffin as Chairman of League. Fred Hoke, manufacturer, was chosen to succeed Charles F. Coffin as chairman of the City Manager League, when Coffin resigned at a meeting at the Columbia Club Friday. Hoke has been active in the city manager movement since its inception and was vice chairman. Joseph W. Esterline, executive committee chairman, declined the chairmanship nomination. Mrs. George C. Finrock was elected vice chairman. In presenting his resignation, Coffin explained that he expected to spend the next three months in Florida and felt that the organization should have an active head here. High tributes were paid to his leadership. Hoke is vice president of the Hoi-

Travel W/Yclloway I , $3, R. Trip, $6 In, t • $5, R. Trip, 59.50 I I Chicago BuMes Leav * I ot. Louis b “ y I vuiw§v 8:80 and 11:80 a. m. | ® Denison Hotel—Traction Bus Terminal Across From Postoffle* ‘ Market and lUinoig ST. LOUIS—KANSAS CITY—DENVER—LOS ANGELES VellowaV J rh.iv 2275 1 \J]Z j Coast—w Coast

3 Pair* Ladies’ 50c RAYON and WOOL HOSIERY— * 4 SHl. —Wanted colors, specially reinforced 8• vU toe, sole and heels—all sizes—3 pairs jj Kyi BOYS’ SWEATERS and i LUMBERJACKS 4| || —These will make wonderful Xmas Priced from $2.98 to KJI MEN’S AND BOYS’ 75c Sjr \ AND SI.OO CAPS 49 c — l Smart patterns and colors, all _ _ sizes—special at to 98c j \J, BOYS’ and GIRLS’ 29c RIBBED STOCKINGS *** —Choice of black or tan—Buy them | a by the % doz.—the pair 8 Men’s House Slippers Fine leather. Wonder- |*q ** Special at .. $1.49

PAGE 13

comb and Hoke Manufacturing Company. He was one of the men recommended for mayor by the civic clubs. Esterline announced that a Statewide conference on city manager government would be held here during the convention of the League of Women Voters. Tentative date has been set for March 15. The League, which conducted a successful city manager campaign here, has been continued to keep interest in the movement alive until the new regime is established. AIR ROUTE WILL OPEN Bn United Press BUFFALO, N. Y., Dec. 17.—Air mail service between Cleveland and Buffalo will be opened when the first mail plane arrives here at 2:15 this afternoon. Ten minutes later the plane will return to Cleveland, completing the first trip of the new service. More than 1,000 letters, autographed by Postmaster Robert W. Gallagher, will be among the first load to leave the airport here. The Colonial Airways, Inc., has the contact.