Indianapolis Times, Volume 39, Number 204, Indianapolis, Marion County, 3 January 1928 — Page 12

PAGE 12

RAILS, MOTORS FIRM IN YEAR'S FIRSTSESSION U. S. Steel, General Motors Strong and Active With List Higher.

Average Stock Prices

Average of twenty industrials Saturday was 202.40. up 1.70. Average of twenty* vails was 140.30. up .37. Average of forty bonds was 90.36, up .07. P,U United Press NEW YORK, Jan. 3.—Railroad and motor shares featured the early stock market in the first session of 1928. Prices were higher with United States Steel and General Motors strong and active. Packard Motor moved nearly a point to anew high following the advance of 3 s to 138% by General Motors. Nash, Chrysler and Overland were higher. U. S. Steel common was carried up % to 152 in the early dealings in moderately active turnover. Copper issues were strong with Greene at anew high record. Equipments firmed up with the rails, American Locomotive leading at 113%. Montgomery Ward and other mercantile shares were strong. Erie Spurts In the rails Erie spurted nearly 2 points to 66. Other issues generally moved up. New York Central gained a point to 164; New* Haven, %, while St. Paul issues were in urgent demand at higher prices, the certificates rising to new high ground at 19%, up %. Describing the market, the Wall Street Journal's financial review today said: "Optimism regarding the financial and business outlook for 1928 was strengthened by the fact that bonds and industrial stocks used in the Dow--Jones averages closed 1927 at the highest level on record. "This expression of confidence concerning the credit and trade prospects brought accumulation of buying orders over the holiday and trading started the new year with a burst of strength. "Active reinvestment demand created by enormous year-end disbursement was reflected in the action of seasoned dividend rails like New York Central and Nickle Plate. Motors and equipments were featured in the industrial divisions.” Reaction Fails Reactionary tendencies which developed on the renewal of call money at 5 % per cent failed to make progress in the late morning. Sufficient demand was in evidence to absorb offerings for the short account as well as realizing sales by traders seizing the first opportunity to take profits against which tax returns would not have to be made until next year. . This support stabilized the main body of stocks and encouraged bullish operations in individual issues and special groups. Kraft Cheese scored a sharp advance which was attributed to accumulation based on the company’s business in the South and the West and on plans for expansion in the near future. There are'to be part of a program for general enlargement of the company’s activities in the present year.

Banks and Exchange

INDIANAPOLIS STATEMENT Loeal bank clearings today were $4,937,00*. Debits were $9,996,000. NEW YORK STATEMENT Ru United Press _ , NEW YORK, Jan. 3.—Bank clearings, $1,296,000,000. Clearing house balance. $192,000,000. FOREIGN EXCHANGE Jan. S.— Foreign exchange opened Irregular. Demand sterling, $4.8711-16. off .00%; francs. 3.93%c, off .00%; lira. 5.28%c; Belga. 13.98%c, up .00%: marks, 23.84'/ac, off .01%. 1 LIBERTY BONDS Pi tiEw fe YORK. B Jan. S.—Liberty 3d 4%s opened at 100.20, off 2:* 4th 4%5, 103.29, oq 1; treasury, 4%5, 115.35, up 1. TREASURY STATEMENT Jan. 3.—The treasury net balance for Dec. 30 was $275,651.714.18. Custom receipts this month to Dec. 30 were $40,839,905.65.

In the Stock Market

(By Thomson As McKinnon) NEW YORK, June 3.—The New Year starts off with a feeling of bouyancy, which is likely to find expression in the stock market, but I think it would be well to bear in mind that prices are high and that loans are big, and that in due course these factors will lead to readjustment one item of interest that should not be overlooked in the keen competition ahead in the automobile field, which is a factor to be reckoned with. For the present we seem to be scheduled to run into some big markets and it is in these big markets that traders should be quick to act and take profits.

Local Wagon Wheat

Local grain elevators are paying $1.30 for No. 3 red wheat. Other grades are ourchased on their merits DOG BSTTEN~BY~CHILD Tables Turned on l’ido When He Refuses to Yield Ball. Ru United Press SIOUX FALLS, S. D„ Jan. 3. Here it is at last. The story that journalism students have been told is news. They are told that if a dog bites—that’s natural. But, if a person bites a dog—that’s news. Jerome Smith’s dog refused to give up a ball which Smith's daughter, Lorraine, insisted on having. The dog is recovering from a deep bite In his nose and Lorraine has no trouble retaining her ball. Drops Dead in Street Car Harry D. Connor, 50, of 830 N. Lr Salle St., employe of the Connecticut General Life Insurance Oempany. S<eyer-Kiser Bank Bldgdropped dealsC in an E. Tenth St. car on his wayvto work today.

New York Stocks (By Thomson & McKinnon)” -

—Jan. 3 Prev. High. Low. 12:00. close. Atchison 194 ... 193% 193 Vi At Coast L 185 B. & 0 118 Vi 117% 118 VI 117 Vi Can Pacific ....209% 209% 209 % 208% C. & O 204 % 204 204 202% C& N W 86% ... 86% 86 C. R & P 112% ... 112 112% Del & Hud......183 ... 183 183% Del & Lack 137% ... 137 Vi 137% Erie 66 ‘4 65% 66 64% Erie Ist pfd 62% ... 62% 62% Gt No pfd 97% Lehigh Val 92% ... 92% 93% K C South 62% ... 62% 62% L & N 155 M K & T 41% ... 41% 41 Mo Pac pfd 112 Vi N V Cen 164 ... 163% 163 NY. NH & H... 63% ... 62Vi 62% No Pacific 98 ... 98 974. Nor & W 189% ... 189% 190% Pere Mara 121% Pennsv 64% ... 64% 64% Reading 104 ... 104 104 Southern Ry ....147 ... 146 148% Southern Pac ..123% 1227 k 123 124 St Paul 20% 17% 20 1 4 19% St Paul pfd 38 37% 37% 37% St L& 8 W.... 78% ... 78% 78% St L & S F HOVs 109% 110 109% Uilton Pac 192 ... 192 191% Wabash * ... 64% Wabash pfd 9314 Rubbers— Ajax 13 ... 13 12 Fisk 16% ... 16% 16% Goodrich 95 92% 95 93% Goodyear 68% 67 68% 67% Kelly'-Spg 26 % 25 Vi 36% 26 U S Rubber 58 56 58 56% Equipments— Am Car & Fd..111% 110% 110% 110% Amer Loco 113 1 a 113 113% 12% Am Steel Fd.... 67% 66% 66% 66 % Bald Loco 259 Gen Elec 138% 136 137%. 13574 Lima 65 ... 65 65% N Y Airbrake .. 46% 46 46% 4b Pres Steel Car.. 77’i ... 77 77% Pullman 83% 83% 33% 83% Westh A B 46% 46 46% 46% Wcsth Elec 91 90% 90% 90 Steels— Bethlehem 58% 58% 58 % 58 V a Colo Fuel 78% ... 78% 79% Crucible 89% 89% 89% 90 Gulf St Stl ... 53% ... 53Vi 52% Inland Steel 62 61% 61% 60% PR C & 1 39% ... 39% 39% Rep Steel 60% ... 60 60% Sloss Shod 126 U S Steel 152 151% 151 % 151 % Alloy 31% 30% 31% 30% Vanadium 66% 64 66 63% Motors— Amer Bosch 20% ... 20% 20Vi Chandler 16 16 16 16 Chrysler 63 62% 62% 62% Con Motors .... 11% 10% 11 ills Dodge 23% 23% 23% 22% Gaoriel 26% ... 26% 26% Gen Motors.... 138% 137% 137% 138 Hudson 84% 83% 84 8314 Hupp 34% 34% 34 V is 34 Jordan 14 Mack 1077/8 ... 107 107% Yellow C 32% 32Vi 32’, 32% Moon 7% 7 7 7 Nash 101% 100% 101 100% Packard ........ 63% 62% 62% 62 Peerless .... 1 22 % Pierce Arrow.... 15% ... 15% 15*% Studebaker 61% 61% 61% 60% Stew Warn 83% 83% 83% 82% Timken 133% 132% 133 133'/. Willys Overland. 20% ... 20 20 White M0t0r.... 41 40% 41 40% Mining— Amer Smelt ... 183’i 183 183% 182% Anaconda 59 58% 58% 58% Cer De Pas 69% ... OS’s 69% Chile 42% 42'/ 42% 42V, Int Nickel 86% ... 85% 85% Kennecott 87 ... 86% 85% Magma 56% 55% 56 56 Tex G and S.. 78% 77% 77% 77% U S Smelting... 44*a ... 44% 44% Oils— At Ref Cal Pete 24% 24% 24% 24% Freeport Texas .103% ... 102% 103 Houston 155'/2 155 155% 156% Indpt Oil 25 Vi Marland C .... 35% ... 35*/* 35 ' Mid C Pete 297, ... 29% 29% Lago 34% 33% 34% 34% Pan-Am Pete B 44% 44 44 43’, Pro & Refg ... 25 ... 25 25 Phil Pete 41 Vi 41 41 40% Union Oil 44 ... 44 43% Pure Oil 26% 26 26% 25% R'y'l Dutch ... 48 ... 48 47*b Shell 25% ... 25 T a 25% Sinclair 21 20% 21 20’, Skelly 27% 27Vi 27% 27% 8 O of Cal 557, , 55% 55Vi SOof N J 39% 39% 39% 39i S Oof N Y 31% ... 31 31 % Texas Cos 54% 54 34% 54 Trans Pete .... 8% ... 8% 98% Whi Eagle 20’i 20% 20’s 20% Industrials— Adv Rumly 12% ... 12% 13 Allis Chaim 118 ... 117% 117 Allied Chem ...153% ... 153% 153% Armour A 12V ... 12 12 Amn Can 75% 74Vi 75 75 Am H-L pfd 56 Am Safety R ... 58% ... 58% 58% Am Wool 21 20% 21 30% Am Linseed ... 63% 63V 2 63 62% Coco Cola 128 ... 127% 1287i Cont Can 74% ... 74% 74% Cert Prods S3Ti Dav Chem .... 36% 36% 36% 44% Dupont 322 Famous PI 115 ... 114% 114% Gen Esphlt .... 81% ... 81 81 Int C Kngr ... 55% ... 55% 55% Int Paper 73 ... 73 72 7 / s Int Harv 2447/ g May D Sta 85 Mont Ward 119% ... 110% 119*i Nat Lead 129 Owen Bot 74% Radio 91 % 90% 90Vi ... Real Silk 27 26 27 24 Rem Rand 25% 25 25' 2 24% Sears-Roeb 87% 85 Vi 86% 87% United Drg 197% 197 197% ... Unlv Pipe 27% ... 26% ... U S C I P 214 U S In A1 109% ... 108% 109% Woolworth 1933a 192% 103% 192% Utilities— Am TANARUS& T 178% ... 178% 178% Am Express ....173% 171 173% 169 Am W W 61 ... 61 61 Vi Brklyn Man ... 56 ... 56 56 Col Gs & El 91% Cons Gas 125% 124% 125 125 Interboro 31% No Am Cos 60 59% 60 60 Peoples G 164% S Gas &El 59% ... 59% 59% West Union ....176 ... 176 176 Shipping— Am In Corp..., 73Vi 72% 73 72 Am S & C.... 3% Atlantic G 43 In M Mpfd .... 407s ... 40 % 40% United Fr 141 ... 141 142% Foods— Am Sugar 7T% ... 77% 77Vi A B Sugar 18% Austin N 4% ... 4% 4% Beech N 73% 73 73% 72% Calif Pkg 77 ... 76% 77% Corn Prods .... 65Vi 64% 64% 64 Cuba C pfd ... 32% 31% 32% 31% Cuba A Sug ... 23% 23Vi 23% 22% Flelschmann .... 71 70% 70% 70% Jewel Tea 85 Nat Biscuit 169% Punta Ale 31% 31% 31% 33% Pobtum 124% 124 124% 123% WBk B ....... 27 26 Vi 27 26 Tobaccos— Am Suma 62% ... 62Vi 61% Am Tob 176 ... 176 173 Am T B 177 175 176 174% Cons Cigars ... 83Vi 83 83% 83% Gen Cigars 71 Vi Liggett 123% 122% 123 % 122 Vs LorlUard 38% R J Rev 161 Vi 160 Vs 161 160% Tob P B 113% 112% 113% 112 Vi U Cig Stor „ 32% Schulte R 5... 52% 52 Vi 52% 52

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Jan. 3.—The English cotton business is -slowly but surely recovering from a long period of depression. I think the demand for spot cotton at Manchester will continue to grow. Does 29cent cotton discount the situation? My mind is open on it and while the seesaw at that price is in progress I lean a little to the selling side. Pm United Press _ NEW YORK, Jan. 3.—Cotton opened Irregular. January. 19.69. up .92; March, 19.68, ud .01; May. 19.80. off .03; July. 19.62. off .03; October. 19.04. off .10. RUMOR TIRE COMBINE Three Large Companies Deny Report of Contemplated Merger. Pm United Press ~- CLEVELAND, Ohio, Jan. 3.—The Dupont interests are ready to merge three of the foremost manufacturers of tires, according to reliable reports in the financial district here. The companies to be me’rged by the Duponts, according to rumors are the Goodyear Tire and Rubber Company, the United States Rubber Company and the Seiberling Tire and Rubber Corporation. Officials of the tire companies deny the report. ') Other Livestock Du Times Snrr-int LOUISVILLE. Jan. 3.—Hogs Receipts. 700: market steady; mediums and reavies. sß.7s(ii 9.15; pigs and lights. $6.75® 8; throwouts and stags. $6.50®7.25. Cattle Receipts. 100; market steady; calves, receipts, 1.100; market steady; good to choice. $11.50® 13.50; medium to good. $9 ® 10.50; outs. $9 down. Sheep Receipts. 50; market steady: top lambs, $12(8T2.50; seconds, s7® 9: sheep. $4®5.50. Monday's shipments: Cattle, 353; calves, 226; hogs, 320: sheep none.

ALL LIVESTOCK ACTIVE, HIGHER; PORKERS 60 UP Choice Hogs Sell at $9.10, Advancing 20 to 25 Cents Here. —Hog Price RangeDec. • Eulk. Top. Receipts. 28. 8.65® 9.00 9.00 8,000 29. 8.50® 8.90 8.90 8.000 30. 8.50® 8.90 8.90 8.500 31. 8.50@ 8.90 8.90 3.000 Jan. 2. 8.50® 8.90 9.00 2,500 3. 8.75@ 9.10 9.10 11,000 All livestock was strong and active at the Union Stockyards today, as hogs advanced 20 to 25 cents on the hundredweight to a top of $9.10. Receipts were estimated at 11,000 with 80 held over. The Chicago market opened slow with early bids steady to strong. Traders were asking 10 to 15 cents higher, and bidding $8.90 for choice butchers. Receipts amounted to 35.000. Calves were strong to higher, cattle were strong and sheep and lambs at steady prices at the local yards. Lights Up 25 Cents Heavy butchers sold at $8.85®. 9.10, and animals in the 200-250-pound class were all $9.10. Material weighing 160-200 pounds was $8.75®9.10. Light animals weighing 130-160 pounds were up 25 cents at $8.50® 8.75 and pigs. 90-130 pounds, were up the same selling at [email protected]. Packing sows sold at $7.25® 8.25. up 25 cents. Cattle were strong to higher with 900 arrivals. Beef steers held the quoted increase of Monday and sold at sl2# 16. Cows were up 50 cents at $7.50# 10, and low cutter cows brought ss# 6.25, 25 cents higher. Bulk stock and feeder steers were steady at $7.50® 9., Calves Higher Best vealers brought $16.50® 17.50, up 50 cents and heavy calves were unchanged at $6.50® 10. About 400 were received. Sheep and lambs held steady with last week's close although 1.200 were brought to the yards. The top was sl3 and bulk fat lambs sold at sl2 @12.50. Bulk culls were $7.50# 10 and fat ewes went at $4.50® 6.50. —Hoes— Receipts. 11,000; market, higher. 250-350 lbs SS.BS@ 9.10 200-25*1 lbs 3.10 160-200 lbs 8 75® 9.10 130-160 lbs 8.50® 8.75 90-130 lbs 7.50® 8.50 Packing sows 7.25® 8.25 -CattleReceipts. 900; market, higher. Beef steers Si2.oo® 16.00 Beef cows 7.50®10.00 Low cutter and cutter cows .. 5.00® 6.25 Bulk stock and feeder steers.. 7.50®, 9.00 —Calces— Receipts, 400; market, higher. Best vealers $16.50Q.17.50 Heavy calves [email protected] —Sheep and Lambs— Receipts. 1,200; market, steady. Top fat lambs $13.00 Bulk fat lambs 12.00®12.50 Bulk cull lambs 7.50® 10.00 Fat ewes 4.50®; 6.50 Other Livestock Ru United PrtDt CHICAGO. Jan. 3.—Cattla Receipts. 7.000; very active trade on better grade steers and yearlings: weighty steers suitable for shippers unevenly higher, highest of the season: medium grade light kinds slow and fully steady; she stock and bulls strong; vealers 25®50c higher: $18.25 paid for weighty bullocks on shippers’ account; several loads. $17.50® 17.65: most desirable kinds, sl6® 17.2 U: light heifers to sl3; most weighty sausage bulls. sß.lo® 8.75: shipper vealers to sl6; to packers. $14.50 downward. Sheep—Receipts. 22,000: fat ewes opening slow, around 25c lower than Monday; top on choice handywetghts to shippers. $13.50; early bulk good and choice 85-lb. lambs. $12.75® 13.75; good and choice 93-SB-lb. offerings. sl2; few. $12.50; extreme weights. sll® 11.50; sheep steady; bulk fat ewes. $6® ; 6.75; feeding lambs unchanged; medium and good 63-70-lb. offerings. $ 11.75® 12.75. Hogs (soft or oily hogs and roasting pigs excludedi—Receipts. 35.000; market generally 10@l5c higher than Monday; heavyweight 250-350-lb. medium to choice. $8.50®9; mediumwelght 200-250-lb. medium to choice. $8.60® 9; lightweight 160-200-lb. common to choice, $8.50®9; light lights 130-160-lb. common to choice. $8.15®.8.90: packing sows smooth and rough. $7.35®8.15; slaughter pigs, 90-130-lb. medium to choice. $7.65®8.65. Slaughter cottle and calves—Steers. 1.500 lbs up good and choice. sls® 18.50: steers, 1.000 to 1.500 lbs., choice. $17.50® 18.50; good. $14.50®; 18: steers, 1,100 lbs. down, cholce m® 18 ; good. $13.75® 17; medium. $11.25® 14.50: common. $8.50® 11.25: light yearling steers and heifers, good and choice. 850 lbs. down, $12.25® 17; heifers, good and choice.’Bso lbs. up. $10.50@13 75common and medium, all weights. sß® $11.25; cows good and choice. $8.75®11 50; common and medium. $8.50®8.75: low cutters and cutter cows. $5.50®>6.50; calves medium to choice, s7® 10: vealers. cull to choice. s7® 16; feeder and Stocker cattle, steers, common to choice. $7.25@11 75 Slaughter sheep and lambs—Lambs, light and handvweight, 92 lbs. down, medium to choice. $116)13.65; cull and common, all 89.75® 11; ewes, medium to choice, s4®7: cull and common. $1.75®4.75; feeding lambs (range stock), feeding lambs, medium to choice ,[email protected]. NoteAbove auotations on full wooled (SS) woolea (SV) shorn basis. Ru United Press _ CINCINNATI. Jan. 3,—Hogs—Receipts, 8,200; holdovers, 171; market very lrreguiorio,2soo;3Bso . 88.7569 30: 200-250 lbs.. *9.28®9.85- 160-200 lbs., $9®9.35; 130-160 lbs.. $8.75<#>9.15: 90-130 lbs., $7.50(59- packing sows, $7®)7.50. Cattle—Receipts. 250; calves, receipts 100; market, veals 50c upbeei *9® 13; light yearling steers a a<j l} e if ers . 88®13; beef cows, $6.50® 8.50; low cutter and cutter cows. $4.75® 5 75; vaelers. $11015; heavy calves. slo® 13: "Hi? stock and feeder steers, $8.50® 9.50 Sheep—Receipts, 100; market steady: top fat lambs, $14.25; bulk fat lambs. *ll® 14; buik cull lambs. s7@9; bulk fat ewes, $4 @6. Rti United Press EAST ST. LOUIS. Jan. 3.—Hogs—Re®?‘?ts. 10,000; holdovers 1.452; market 10 ® loc under Monday s best prices; 250-350 JbS- $8.50®9: 200-250 lbs.. *8.75®9- 160-*B-50®9: 130-160 lbs.. $8®8.90; 90130 lbh\. $6.75® 8.25: packing sows, s7® 7-75, Cattle—Receipts. 3.000: calves, receipts 1 000: market, steers strong to 25c p. beef steers. $10.50613.75; light vear■jnfts and heifers. $8®>9.50: beef cows, $6.50 (58.50; low cutter and cutter cows. ss®6; vealers. $16.25: heavy calves. [email protected] stock and feeder steers. $6.50® 9.50. Sheep—Receipts. 1,200; market, few sales steady, tendency lower; top fat lambs $13.25; bulk fat lambs. $13®13.25; bulk cull iambs. $9; bulk fat ewes, ss@6. Pm United Press PITTSBURGH. Jan. 3.—Hogs Receipts. 3.000: market s@loc up; 250 to 350 lbs.. [email protected]; 200 to 250 lbs., $9.70® „ to 200 lbs - 89.6569.75: 130 to 160 lbs.. $9.50®9.75; 90 to 130 lbs . s9® 9.50; packing sows. $7®7.75. Cattle—Receipts. 25: calves, receipts. 275; market fully steady: beef steers. $10.50®14.10: vealers. $15@17. Sheep—Receipts.' 300market steady to strong: top fat lambs. sl4; bulk fat lambs, $13@14; bulk cull lambs, sß® 10. P,u United Press CLEVELAND, J®* l - B.—Hogs—Receipts. 1,000; market steady. 20c up; 250 to 350 lbs.. [email protected]: 200 to 250 lbs.. $9 50® 9,60; 160 to 200 lbs., $9.5069.60; 130 to 160 lbs.. $8.5068.60; 90 to 130 lbs.. $8.2568.50packing sows. $767.25. Cattle—Receipts. 100: calves, receipts. 100; market steadybeef cows. $6.50®8.50: low cutters and cutter cows. $4.50@6; vealers. $14618. Sheep —Receipts. 1.000: market steady: top fat lambs. sl4; bulk fat lambs. $13.50®14; bulk culMambs, $10.506-12; bulk fat ewes. $5 Bn Ignited Press EAST BUFFALO. Jan. 3.—Hogs Receipts. 3,200: holdovers. 1.342; market steady to 10c up: 250 to 350 lbs.. $9 50®) 9.75: 200 to 250 lbs.. $9.5069.75: 160 to 200 lbs., $9.40®9.65; 130 to 160 lbs.. s9® 9.50: 90 to 130 lbs., $8.75(8 9.25. Cattle Receipts. 150: calves, receipts. 250; market steady; calves 50c up: vealers. 317® 17.50. Sheep—Receipts. 1,200: market 25c up: bulk fat lambs. $14.25: bulk cull lambs. sil@l2; bulk fat ewes. s6® 7.50. Ri' United Pents TOLEDO, ajn. S.—Hogs—Receipts. 250: market 25c up; heavies. $969.50; mediums. $9®9.40; Yorkers. $8 6 9.25; good pigs. $8 ® 8.50. Cattle—Receipts, 150: market steady. Calves—Receipts, light; market strong. Sheep and lambs —Receipts, light; market steady.

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price)—Ho. 1. 52® 55c; No. 2. 50®)53c. Butterfat (buying price)—s3c lb. Eggs—No. 1 fresh, averaging 25 ounces to doz., 40c: No. 2. 35c; general run. 38c. Cheese (wholesale selling prices, per pound)—American loaf. 35®38c: pimento loaf, 38 @ 40c; brick loaf, 35@38c: Swiss No. 1. 42'<j)44c: Imported Swiss. 62c: Wisconsin flat, mild and sharp. 32<®34c; prints cream. 38®40c; flat display. 28®30c; Longhorn, 28®29c; New York I‘mberger. 42® 44c. Poultry (buying prices)—Kens, 19®21c; Leghorn hens. 136.15 c; spring, 19®;20c: Leghorn springs. 13615 c: stoggy young springs, 17c; roosters. 10®12c: Leghorn slogs. 13c- turkeys, young toms. 35c; voung hens. 35c: old toms, 25c; old hens, 25c; ducks. 14®16c: geese, 15@17c; guineas, young, 50c; old, 35c. Pm United Press CLEVELAND. Jan. 3.—Butter—Extras. In tub lots. 53% 6 55%c; firsts, 47®49c; seconds. 43®45c; packing stock. 30®32c. Eggs —Extras, 48c: extra firsts, 44c; firsts. 42c; ordinary. 34c; pullet rsts, 29c. Poultry— Heavy; fowls. 28®29c; medium, 26®27c; Leghorns, 19@21c; heavy springers. 29® 31c; medium, 23®25c; Leghorn springers. 20621 c; ducks. 24626 c: geese, 23®25c: old rocks. 16617 c; turkeys. 34®>36c. Potatoes —Round whites, 150-!b. sacks. New York, $3.15; Maine. $3.25: Ohio. $2.7503: Michigan. $363.15: Wisconsin. $2,756 3: 120-lb. bags. Minnesota. $2.2562.35: 115-lb. bags. Idaho russets. $2.6062.73; rurals. $2.40®; 2.50; selected stock. $3.5063.75; 105-lb. bags; Colorado brown beauties. $2.25®2.50; home grown, bushels. $1.35.

POSTAL MONTH AHEADOFI926 December Breaks Record to Give Lead to Year. For the first time in the history of the Indianapolis postoffice, receipts for December passed the $500,000 mark. Postmaster Robert H. Bryson announced today. December annually is the biggest month and last month was the heaviest ever. Despite decreases in receipts during the first six months of 1927. the year showed an increase of fourtenths of one per cent over 1926. a banner year for postofflee business. Bryson reported. The report for December showed receipts of $510,678. compared with $495,601 for December. 1926. Total receipts for 1927 were $4,789,984. and for the previous year $4,787,854. Bryson said the increase of the past year is remarkable in view of the fact 1926 was a peak year for postofflee business as well as general business. March was the second heaviest month of 1927 with receipts of $431,833, which was a decrease of $2,172 over March, 1926. Receipts for July were the lowcft of the year, with $342,509, which was $33,044 over th<> same month In 1926. January. February. August and September showed increases, the other eight months showing decreases.

ATTACK STEEL RATE Bethlehem Cos. Objects to I. C. C. Reduction. Rjl United Press WASHINGTON. Jan. 3.—The Bethlehem Steel Company and other eastern steeel concerns are expected soon to attack the Interstate Commerce Commission's 20 per cent reduction of iron and steel export rates, which became effective Dec. 31, according to information here today. Steel companies are expected to file with the commission a complaint asking a return to the old rates, on the ground the new reduced rates seriously affect eastern iron and steel concerns by giving them keener competition with western companies. Powerful Kansas farm organizations probably will back the Bethlehem and other companies in their complaint to the commission, because the new rates will reduce railroad revenues so much as to retard reduction of rates on farm commodities. JOFFRE, EXPERT ON VIEW Tells Landscape Gardeners How to Improve Work. Bv United Press PARIS, Jan. 3.—When the architects were putting the finishing touches on the villa of Marshal Joffre outside Paris he discovered that there would be no view over the valley of the Seine. Despite his wife's protests the old soldier, who started as an engineer officer, stretched himself on the ground like a sapper and looked around. "Just get that clump of trees out of the way and all will be well,” he announced. It was done and the view is perfect. ACOSTA TOO ILL TO FLY Endurance Attempt Is Postponed for Several Days. Pm United Press NEW YORK, Jan. 3.—The proposed endurance flight of Bert Acosta and Emile Burgin in the Fokker monoplane “Splitdorf” was postponed again today because of Acosta's illness. The pilot of the Byrd trans-Atr lantic expedition caught cold Monday preparing for a start on their attempt to regain the world’s endurance record for the United States. Another start may not be made for several days, the fliers said.

What’s Your Guess? Is Telivision a New Game?

Inventor of Seeing by Radio Finds Public’s Idea on Device Vague. Ru United Press LONDON, Jan. 3. Indicating that television is still a mystery to the general public, J. L. Baird, *ts inventor, delivering a lecture recently, said that he had asked three chance acquaintances what it was. One replied that it was an island off the coast of Africa, the second defined it as a kidney disease, while the third thought it was a form of mental telepathy. Television, he then explained,

GRAINS START YEAR GAINING FRACTIONALLY Wheat Is in Strong Technical Position on Chicago Board. Pm United Press CHICAGO, Jan. 3.—Grain futures started 1928 with good fractional gains, at today’s opening on the Chicago Board of Trade. Wheat opened % cent to % cent higher; com, up % cent to 14 cent, and oats, up Vi cent to % cent. The technical position of wheat today was strong. Cold w’eather over the corn belt decreased receipts at terminal points during the week-end. Despite an expected increase of 2,000.000 bushels in the weeks visible figures, the market is considered in a good position to advance. There was no change in the status of the oats market, and prices were expected to follow other grains. Provisions opened strong. Chicago Grain Table —Jan. 3 WHEAT— Prev. „ High. Low. 12:00. close. March 1.31% 1.30% 1 .30% 1.29% May 1.32% 1.31% 1.32% 1.31% 128 ‘ S 1373/4 128 ' 4 I ' 27V * March- 87% .86% .87% .86% Mav 91% .89% .90% .90% July 93% .92% .93% .93% OATS— March 54% .54% .54% .54% May 55% .55% .55% .55% March 1.08% 1.08% 1.08% 1.07% May 1.09% 1.09% 1.09% 1.08% July LARD— Jan 12.07 11.97 12.00 12.05 May 12.43 12.35 12.3a 12.40 July 12.52 12.52 12.57 IIIBS Jan 10.95 May 11.50 111/ Times Sverinl CHICAGO. Jan. 3.—Carlots: Wheat. 4; corn. 53; oats, 29; rye, 0.

Commission Row

TRICE TO RETAILERS FRUITS Apples—Fancy barrel apples: Jonathans. $8.5069; Bellflowers. $7.50; Staymans. $8.50 ®9; Grimes Golden. $9; R. I. Greenings, $8; Kings. SB. Barrel apples; Grimes Golden. $7.50®8; Bellflowers. $6; Baldwins. $5 7566: Wagners. $5.75@6; Jonathan. $7: Wlnesaps. $6. Box apples: Delicious. s4@ 4.75; Grimes Golden, $2.506 3.50; Jonathans. $363.25, Staymens. $3.2563.75. Basket apples (40-lb. baskets): Jonathans. $2.5063; Grimes Golden. $2.5062.75; Delicious. $3 25; Wolf River. $2.75 ®3: 20-ounce Pippin. $2 50: stavmens, $2.5062.75: cooking apples, $2; York Imperials, B grade. $1.75; Staymans. B grade, $1.85; Grimes. B grade, $2.25; Senator. $2 50: Northern Spvs. $3: Rome Beauties. $2.75: Baldwins. $2.50; R. I. Greenings, $3.73. Bananas—6®sC )b. Berries—Cranberries. slo®ll one-half barret. Grapefruit—Florida $4.25® 5.50 crate. Grapes—Callfornlt Emperors. $6 Keg: $2.2562.50 lug: California Almerla. $2.75 lug. Kumquats—Florida. 20c quart. Lemons—California, $7,506 8 crate. Limes— Jamaica. $3 per 100. Oranges—California Navels, $4.50®7.50. crate: Florida. $5.5066.25 per crate. Pears Washington Bose. $6 per box; Florida Avocados. $5 per dozen; Washington D'AuJous. $6 box. Tangerenes—Florida. $3.75®4.35 a crate. VEGETABLES Artichokes—California. $2 oer dozen. Baens—Southern. $3.75 hamper. Beets—l bu. Brussels Sp-outs—2sc lb. Cabbage—H. G.. 2@2%c lb. Carrots—sl@ 1.25 bu. bu. Cauliflower—California, $2.73 crate Celery—Michigan. $1 35 fiat crate: Michigan rough. $3 per 2-3 crate- Michigan washed. 75c65l doz.; California. $5 50. 8. 9 end 10-ooz. crates Celery Cabbage—sl.2s doz. Cucumbers—Hothouse, $3 doz.: southern. 51.25 doz.; Florida. $5.50 crate. Eggplant—H. G. $2 doz. Endive—sl.2s doz. Kale—s 2 bbl. Leek—soc bunch. Lettuce—Arizona, head. $4.50 erate; hoinouse, leaf. 52.25 15 lbs. Mushrooms— 75c lb. Onions—Spanish. [email protected] crate; Indiana white. $2.50 ner 100-lb. bag; Indiana yellow. $2 per 100-lb. bag. Oysterplant—soc doz. Parsley—Boc doz. bunches. Parsnips—sl.so bu. Peas—California telephone. $9 hamper. Peppers—Finers. 75c peck: Florida mangoes. $4 crate. Potatoes—Michigan whit o . $3 150 lbs.; Minnesota Russets. $2 120 lbs.: Minnesota Red River Ohios. $2 25 120 lbs : $2 40 cvt. Radishes—Hothouse buttons. 90c®’$l doz.: Southern long red, 35c dozen. Rutabagas—sl.7s per cwt. Shallots—soc doz. Spinach—H. G.. t 1.2501.50 bu. Sweet Potatoes diums. $1.50 bu.; Indiana Jerseys. $2.50 bu.; Nancy Hall. $1.50 hamper. Tomatoes—Hothouse. *3.75 per 10 lbs. Turnips—H G.. 65c bu MISCELLANEOUS Cider—New York. $5. 14 gal. keg; $4.50, 6 gal. case; $4.75 doz. %-gal. jars. Cocoanuts—s6 per 100. Garlic—lsc per lb. Oysters—Standards. $2.50 gal.: selec $2 7a gal. * Squash—Hubbard. $3.50 bbl. HULA STILL GOES BIG, WAY BACK IN HAWAII “Outlanders” Keep It as Favorite Dance, Foreigners Find. Pm United Press HONOLULU, Jan. 3.—They still dance the hula in Hawaii, at Walkik, back in the mountains and on the "outside Islands” Kauai, Hawaii, Molokai and Maui. Tourists arrive in steady streams to express surprise at finding that Hawaii is just a littl chunk of the United States, but they find the native Haw’aiians still enjoying the hula as the mainlanders enjoy the waltz, fox trot, Charleston or Black Bottom. Despite widespread misunderstanding about the hula it is not a lewd danc eexcept as lewdness is read into it by the unitiated observer. Originally a part of religious ceremonials, the hula ordinarily is typically a folk dance which, with a little practice, may be mastered by almost any one with more or less skill and grace.

means seeing by wireless. He added that every face has its own peculiar sound. He then played a phonograph record which interpreted his face in terms of sound. It resembled the rasp of a coarse file. The first person ever seen by television. he said, wt-s an office boy, who had to be bribed to submit to the test. The latest development of television has rendered it possible to see in total darkness, invisible rays being used, and Baird mentioned that he was once accused by a young lady of spying upon her with his machine. Such espionage is quite impossible, he answered in self-de-fense, since a transmitting machine was needed as well as a receiving instuunent,

Spank ’Em, Ganna Urges

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Wherever Ganna Walska McCormick, opera singer and proprietress of a Paris perfumery shop, sees an American girl painting a “second face” on herself, she wants to give the girl a spanking. Enameled countenances and lips greasy from lipstick don’t attract men. the diva warns. This exclusive new picture of Walska proves she is no stranger to genuine beauty.

ROSS IS NAMED SANITARY HEAD Jeup Elected Vice President by Commissioners. The board of sanitary commissioners reorganized today, naming O. C. Ross, president, and B. J. T. Jeup %’ice president. Jeup succeeded Russell B. Mac Fall on the board Jan. 1. During the Duvall administration Mac Fall, aided by the various Duvall city engineers, controlled the board. He was opposed bitterly by Ross. When Mayor L. Ert Slack took office and named A. H. Moore city engineer and ex-officio board member. Moore aligned with Ross. Jeup declared a discharged employe of the sewage disposal plant had attempted to hinder the operation of the plant by telling other employes they were discharged. Four men quit work, he said. He urs’ed that detectives be hired Jeup also urged early decision on the Broad Ripple sewage disposa' question. C. F. Steinbach. special agent of the Hartford Steam Boiler Inspection and Insurance Company, wrote that the company has reinstated insurance on the garbage disposal plant. $50,000 of which had been suspended. The insurance was reinstated because the board plans to install unloaders on the turbine blowers to relieve air line pressure until the machines are in full operation.

BIDS TO BE OLDEST COLLEGE GRADUATE Finished at Ohio Wesleyan in 1848, Now Past 100. Bsit United I*rrs* DELAW ARE. Ohio, Jan. 3.—Dr. Samuel W. Williams. Wyoming. Ohio, oldest living alumnus of Ohio Wesleyan University who recently celebrated his 100th birthday, is believed to be the oldest college graduate in the United States. Officials of the Ohio Wesleyan Alumni Association here hope to ! hear from anyone who can challenge Dr. Williams’ right to the title of the "oldest living college graduate." Dr. Williams will celebrate the eightieth anniversary of his graduation from Ohio Wesleyan University next June, having graduated in the class of 1848 of which he is the sole survivor. He has spent practically all of his life in Cincinnati aside from a few years spent teaching at Ohio Wes-, leyan and later at McKenzie College, Lebanon, 111. He became connected with the Methodist Book Concern, Cincinnati, in 1359, and served as book editor for that organization during fifty years. PEST MAY BE FUR BOON New Zealand Rabbit May Add to Value of Milady’s Coat. Bu Times Svecial WASHINGTON. Jan. 3.—A quarter inch or so may be added to the length of the fur on milady’s new coat next winter through the simple expedient of introducing Angora i%bbit strains into the New Zealand rabbit to lengthen its hair. Consul General W. L. Lowrie has informed the depaitment of commerce here. The new Zealand jack rabbit was regarded as a pest whose extinction was regarded as desirable—and well nigh impossible. Now their skins provide a profitable business and many are exported to America. They will become more valuable if the natural crossing of the Angora with the short-fur breed of New Zealand is successful. MILLIONS TO MOVIES 8.11 United Press NEW YORK. Jan. 3.—The legitimate theaters and motion picture houses ii. New York City have a million and a half patrons daily. There are 208 theaters and 580 movie houses with a total of 858,973 seats, most of which are filled twice daily.

KIPLiNGER WILL FACE CHARGE Contempt Citation Is Being Prepared by Remy. Citation of John H. Kiplinger, Rushville, Ind., attorney, for contempt of Criminal Court will be asked in an information to be filed against him in a few days, Prosecutor William H. Remy said today. Remy's action will be in line with recommendations by the retiring grand jury Saturday that he be cited for removing two witnesses from the State when they were sought by the jury. Remy probably will file an information setting out the facts to Judge James A. Collins and a petition for the citation. Kiplinger is alleged to have paid railroad fares and expenses of Miss Mildred Meade, former confidante of D. C. Stephenson and of L. G. Julian, former business associate of Stephenson's, to absent them from the State. Kiplinger had. prior to that time, represented himself as an attorney for Stephenson, the jury asserted. Remy pointed out that the information will be directed against Kl|>linger alone. Marion county officials had no word regarding the search for a man indicted by the jury Saturday. His name was withheld pending arrest. He is charged with attesting to a false affidavit bearing on an important angle of the probe into alleged political corruption.

WANT SIMPLE LANGUAGE Russian Department of Education Is Working on Grammar. [\’i United Press MOSCOW, Jan. 3.—The scientific department of the commissariat of education is examining a project aimed to simplify the Russian language. The first reforms of the lan - guage were made after the Bolshevik revolution when the Russian alphabet was reduced from 36 to 31 letters and the grammar simplified. The new project goes still further and proposes to take the English grammar, ‘the easiest in the world,” as an example, to abolish all declination of adjectives and standardize declinations of nouns. The rather complicated conj|igation of the verbs, according to the project, must also undergo a fundamental change. ATTENDS MOVIE EACH NIGHT FOR EIGHT YEARS Woman, 85, Catches Up for Hardships of Early Days. Bu SKA Krrrier CHEROKEE, lowa, Jan. 3.—Add now to the list of gum-chewing, marathon-dancing, fiag-pole-sitting and what-have-you-done champions of the world the name of Mrs. Wilhelmina Alff, 85 years old. For eight years she has never missed an evening at a picture show, Sundays included. Since 1919. she has seen more than 2,950 films and is still going strong. Fifty years ago, when she came from Germany with her husband and settled on a farm, the going was tough. There was no time for pleasure seeking. But she vowed that some day she would indulge to her heart's content. They saved their money and retired eight years ago, so Mrs. Alff became a film fan. JAIL TO BAN BOLOGNE New Sheriff Strikes Old Stand-By From Menu. Du y F Service LOCKPORT, N. Y., Jan. 3—Niagara County jail has seen the last of bologna. At least as long as Sheriff James A. Campbell is on the job. The first official act of the new "sheriff was to strike bologna off the jail menu. Sheriff Campbell is also thinking abount installing a civilian chef. Unwilling guests of the jail now act in that capacity and it isn’t very often that a good culinary artist is "in” long enough to be of any ialue.

JAN. 3, 131

FARMERS JOIN 1 LABOR TO ASK CONGRESS’ AID Organize to Push McNaryHaugen, No Injunction Legislation. Forming a working organization to forward legislative and political action, Indiana farmers and laborers today united to influence Indiana’s United States Senators and Congressmen to support their program in the present session. Delegates from the Indiana Farm Bureau Federation and the State Federation of Labor and its allied trade organizations met Monday night at the Claypool and outlined the following three-way program: Would Bar Injunctions Enactment of legislation to restrict equity courts in the issuance of injunctions in industrial disputes. Passage of the McNary-Haugen farm relief measure. Oppos f tion to the repeal of the Federal estates tax. The injunction resolution was adopted after labor speakers denounced several Federal judges by name. The indorsement of the resolution was considered one of the most sweeping conces ins ever made by the conservative farm element. Shipstead Is Supporter The bill will be introduced by Senator Kendrick Shipstead (FarmerLabor) Minn., said A. E. Gordon, legislative director for the Brotherhood cf Locomotive Firemen and Engineers. "We asked Coolidge for bread and he gave us a stone,” said Earl Crawford, former member of the State highway commission, in denouncing the President for failure to aid farmers. William H. Settle, Farm Bureau Federation president, also denounced Coolidge. Settle was named president of the new larmer-labor group and T. N. Taylor, labor federation president, was elected secretary. BABY IS SAVED BY CAT Runaway Child Kept Warm by Furry Bedmate. SAN FRANCISCO, Jan. 3.—A stray cat is credited by doctors with saving the life of a baby at Medesto. ! Eighieen-months-oid Norman CabaI sa had wandered from home. Search- ; ing parties were out all night, but | not until dawn was the boy found, ; lying unconscious on the damp i ground with the furry animal nes- ; tided nearly underneath. Physicians say that Norman would j have died from exposure but for the | warmth supplied by the cat.

RENEW FIRE SHAKEUP More Changes in Organization May Be Made Today. Additional changes in the fire department were expected today at a safety beard meeting. Safety board members Fred Connell, Robert Miller and Ira Haymaker. have been in conference with Assistant Chief Harry E. Vosheli, who becomes chief. April 1, and plan ; further reorganization. The board held several conferences with Mayor L. Ert Slack relative to of the department. Vosheli, a Democrat, will replace Fire Chief Jesse A. Hutsell, Republican, April 1. Births ! to±ul and Ruvh St. Vincent'. .Tospltal? 1 Cnd Frec;a B2ne - st - Vincent’. 3osp a ital' and Henr!clta Ml,ler - st - Vincent’. :iospU.l , and Laureno Art! * u i. Methodist ' pitai mUel and lone John3on - Methodist Hos3iond ter 2nd Blanche tVhit.lt, 1834 E. F.aytand Bar Bnd Mar S aret Sellar. 906 More--3irchliam End Mar & aret Hughes, Sit Michael and Grace Zorman. 1457 Spann Lemuel and Rosn Seay. 310 Lincoln Hosp°tai and ° race Cassid s'- st - Vincent - . Royal and Mary Cox. 2405 N. Gale. Harry and Eda Nelson. 4018 Otterbein C!air ePh a ’ ld Henrietta Sheets, 1318 E. St. William and Retha Swift, 2832 Wood. Samuel and Leona Willett, 1539 Cruft TospitM Ce and Mar Jory AI ‘E. St. Vincent'. P,“ ar ; e = a ”' j Catherin- Long, 1720 Blaine. Gus and Nancy Ellinger, 54 N. West. Wilbur and Irene Walls, 529 Birch. Girls Meyer and Minnie Jacobs, St. Vincent’* Aiospital. Charles and Lillian Carroll, St. Vincents Hospital. n Claren ce and Mattie Landrith, Methodist Thomas and Nell Moye. 632 Dorman. Arthur and Alice Schwinn, 1405 N. GarHeld. Arthur and Mabel Dampier, 647 Buchanan. ” u Ralph and Ann Dean. 1414 E. Market Uospite f nd C!Bra Kremer ' st - Vincent’s Michael and Iva Lobraico, Cll6 Ashland. Emmet and Bertha Green, 1721 Ludlow. William, and Marie Bear. St. Vincent’, .lospltal. John ana Gladys Fields. 430 Division. Russell and Dellia Patterson. 543 Jon'*. Joe and Blanche Kelly, 1219 Congress. Deaths William A. Brown, 62, Methodist Hospital. acute myocarditis. y John Fred St-aehley, 61, 5246 Broadway, mitral regurgitation. Mary Emma Slaick. C, 2145 N. Dclaware, carcinoma. Iniant Cassidy. 1 day. st. Vincent's Hos. pital. malnutrition. George Francis Riley. 26. 3411 Salem, chronic myocarditis. Ada Irvan Schreiner. 20. 1356 Relsner. pulmonary tuberculosis. Irene Jacobs, 44, city hospital, cardnoma. Frances Wilson. 2 days. 2710 N. Sherman Dr., premature birth. Clarence E. Heldcrgott, 26. Rural end Massachusetts, accidental. Catherine Spencer Wallace. 68. 702 E. Tenth, chronic lntersittlal nephritis. ..Harold Louis Wuellner, 6 months. 821 villa, broncho pneumonia. Mary Ella Mlnchin, 66. 3113 School, broncho pneumonia. Melissa A. Murphy, 67, 822 N. Drexel, influenza pneumonia. Oliver W. Dickson. 68. 3944 Hoyt, lobar pneumonia. Jennie Adelia Hice, 46. 404 S. Fiftieth, sarcoma. Claire Powers Nixon. 43. 3454 N. Pennsylvania. streptococcic pneumonia encephalitis: Chandl?r ’ “ 7 ’ L ° nB H ° SpUal * Jessie Margaret Meyer. 58. 4150 W Washington, chronic endocarditis. William McClanahan. 47, 524 Blake pulmonary tuberculosis. Frank Stevens. 18, Sixteenth and Senate. accidental. Lorenzodon Stevens. 50. Sixteenth and Senate, accidental. Waldo E. Simmons. 32. 1105 W. ThirtySecond. pulmonary tuberulosis. Lawrence Edward Lucas. 1 day, 16*2 Rochester, premature birth. Abram HBywood. 43. city hospital, aortic regurgitation. Louise Roesener. 76. 6047 Lowell, acute dtlatation of heart. Lorena May Austin. 50. 509 N. Pershing chronic Interstitial nephritis. * RalDh Glen Rea. 1. Riley Hospital, malnutrition. Thaddeus Coleman. 85, 915 Cedar arteriosclerosis. * William Hunter. 48, city hospital, tuber-i culous pneumonia. M Montford Admire, 43, 927% Virginia® general peritonitis. * M