Indianapolis Times, Volume 39, Number 208, Indianapolis, Marion County, 7 January 1928 — Page 13

JAN. 7, 1928.

STOCKS STRONG THROUGH MOST OF U. TRADE Profit-Taking Reduces Many Earlier Advances in Last Hours.

Average Stock Prices

Average of twenty industrials Thursday was 1901. off 2.63. Average of twenty rails was 140.08, off .31. Average of forty bonds was 99.32, off .05. Cm United Press NEW YORK, Jan. 6.—Stocks were strong throughout most of the session on the stock exchange today, but toward the close profit taking reduced many of the earlier advance.;. Special issues made wide gains while railroads and oil issues Were in demand. Delaware & Hudspifrted 3?g points, New York Central gained more than 2, and Canadian Pacific more than 4. Belief that the steel corporation would show a substantial increase ill unfilled tonnage next Tuesday sent that stock sharply higher while the approaching motor show in New York stimulated General Motors and many of the other automobile shares. Christy Brown, the large Canadian biscuit, soared to new high ground with a gain of more than 12 points, reinstituting talk of a merger with National Biscuit Company. International Match soared more than 3 points. Radio more than 5, General Asphalt more than 3 and other oils proportionately. Describing the market, the Wall Street Journal’s financial review today said: “Thursday's reaction proved to be a one-day affair. Stocks rallied vigorously today with standard leaders like steel. General Electric, Allied Chemical and Amercian Can heading the procession.

Banks and Exchange

INDIANAPOMS STATEMENT Local bank clearings today were $4,287,009. Debits were $8,357,000. CHICAGO STATEMENT CM Vnitrd Press CHICAGO. Jan. 6.—Bank clearings today were *143.600,000; clearing house balances, $18,300,000. NEW YORK STATEMENT tf.y Vnitrd. Press NEW YORK, Jan. 6.—Bank clearings, $1,672,000,000. Clearing house balance, $1^2,000,000. TREASURY STATEMENT £u United Press WASHINGTON. Jan. The Treasury net balanoe for Jan. 4 was $244,429,856.37. Customs receipts this month to Jan. 4 were $3,429,779.48. FOREIGN EXCHANGE E< United Press NEW YORK. Jan. 6 —Foreign exchange closed irregular. Demand sterling. $4,87 5-16; francs. 3.93%c; Belga 13.95 c. on .02; lira 15.28'jc. up .00',i; marks. 23.81%c, off .03; Montreal, 99.826125 c. New York Curb Market —Jan, 6 Bid. Ask. Anglo American 18% 19 Atlantic Lobos l'/a 1% Continental OH 22 2214 Galena Signal 4% 6% Humble on 6714 67 % Imp Oil of Canada .. 59 591 b Ind Pipe Line 7514 78 Int Pete 36% 36% Ohio Oil 65% 66'4 Prairie Oil and Gas 49 49% Prairie Pipe Line 185 187 S 6 Indiana 79% 79% S O Kansas 15% 16% S O Kentucky 130 130 % S o Nebraska 41 % 42% '8 O Ohio 7814 80 Vacuum Oil 140 140% Mountain Prod 27% 28 New Mexico Sc Arlz Ld 9% 9% Salt creek Prod 34 34% Lsisc of Florida 24% 25% Durant Motors, Dela 9% 10% Dubilier 3'% 3% Elec Bond and Share 78% 78% Elec Investors 41% 42% Ford of Canada 560 565 Midvale Company 35 42 National Leather 3% 3% Service Elec 5% 5% Stutz Motor 17 17% Cities Service com 55% 55% Cities Service jjfd 94% 94% CitUe Service Bankers 25 29 Associated Gas (A) 49% 50 Marmon 45% 47% NEW YORK COFFEE RANGE —Jan. 6 High. Low. Close. January 13.22 13.22 13.22 March 13.40 13.32 13.32 May 13.35 13.23 13.26 July 13.22 13.17 13.17 September 13.15 13.05 13 05 December 12.95 12.95 12.95

Produce Markets

Butter (wholeßale price)—No. 1. 52® 55; No. 2. 49®50c. Butterfat (buying prices)—s3@s4c. Eggs—No. 1 fresh, averaging 25 ounces to aoz., 40c: No. 2. 25c; general run, 37 @Me. Cheese (wholesale selling prices, per pound)—American loaf. 35838 c; pimento loaf, 38®40c: brick loaf, 35®J8c; Swiss No. i. 42'®44c: Imported Swiss. 62c: Wisconsin flat, mild and sharp, 33® 34e; prints cream, 380Sj40c; flat display, 28®30c; Longhorn. 38@29c; New York llmbergcr. 4 7(t$ 44e. Poultry, (buying prices)—Hens. 19®22c; Leghorn hens. 14® 15c; spring, heavy. 20 823 c; Leghorns. 14<fj 15c; staggy young, springs. 15®17c: soft mealed. 14@15c; roosters, 10® 12c: Leghorn stags. 10812 c; turkeys, young toms, 32c; young hens, 32e; old toms, 22c; old hens. 22c; ducks, 19®16c; geese, 14® 16c; guineas, young. 50c; old, 35c. Pv United Pres a CLEVELAND, Jan. 6.—Butter—Extras, in tub lots, 53Vi<$55lie; firsts. 47@49c; seconds. 43845 c; packing stock. 30®320. Eggs—Extras. 50c: extra firsts, 47c: firsts, 45c; ordinary, 34c: pullet firsts, 29c. Poultry—Heavy: fowls. 28® 30c; medium, 27 8 28c; Leghorns, 20 8 22c; heavy springers, 29®30e; medium. 23®25c; Leghorn springers. 208 22c: ducks. 34®26c; geese, 23825 c; cocks. 17®18c; turkeys, 33<®35c. Potatoes —Round white, 150-Ib. sacks. New York, $3.25183.35; Maine. $3.50: Ohio, $3.15; Michigan. $3.30 83.25; Wisconsin. $3; 120lb. bags. Minnesota, $2.4082.50; 115-lb. bags, Idaho russets, $2.60(82.75; rurals. $2.4052.50. l\tf United Preaa NEW YORK. Jan. 6.—Flour—Quiet and firm. Pork—Mess. $32 8 33. Lard—Quiet; Midwest spot, $12.40®12.50. Sugar—Raw firm: spot 96 test delivered duty paid, 4.65 c; refined steady; granulated, 5.75(8) 5.80 c. Coßee—Rio No. 7 on spot. 14 Uc; Santos No. 4. 21*'4®22'ic. Tallow—Firmer; special to extra. V'd'9c. Hay—Weaker; No. 1. $1.05® 1.10: No. 3. 80®95c; clover. 65c#$t. Dressed poultry—Steady to firm; turkevs, 35848 c; chickens, 18835 c; capons, 268 46c: fowls. 18(8 30c; ducks, 188 27c; Long Island ducks. 23®26c. Live poultry Quiet; geese, 25c; ducks, 28836 c; fowls. 23@S2e; turkeys. 30®45c: roosters, 18c; chickens, 22 8 32c; capons, 35®4Se: broilers, 30#40e. Cheese—Firm: State whole milk fancy to cpeclals. 29 829'uc: Young America. 29(®29 , (jc. Potatoes -Long Island. $2 84.35: jersey, basket, 60885 c: Southern, basket. *182: Maine. $2.8583.75; Bermuda. $5(812. Sweets—Jersey, basket. $1.60(82.50: Southern, basket. 75c(851.25. Butter—Steady: receipts, 13.077; creamery extras. 82c; special market. 52 1 a (</ 53c. Eggs—Firm; receipts, 10.391; nearby white fancy. 51@53c: nearbv State whites. 498 se: fresh firsts. 46’i®47c; Pacific coasts. 47®51Vfce: western whites, 42®48c; nearby browns. 61 (8 52c Other Livestock Pv United Praia CINCINNATI. Jan. 6.—Hogs—Receipts. 4.100: holdovers, 2,654: market steady to 25e down: 250-350 lbs.. $7.85® 8.65 : 200-250 lb*., $1.50® $.65: 160-200 lbs.. $5.25418.65; 130-160 lbs., $8(88.50: 90-130 lbs.. 57®8.25: packing tows. $6.5087. Cattle—Receipts. 600. Calves—Receipts. 400; market, strong: best steers. slo® 13.50; light Yearling steers end heifers. s9® 13: beef cows. $6.5089; low eutter and cutter cows. ss®6; vealera, $114215.60; heavy calves. $10813; bulk stock and feeder steers. $8.50®9.50. Sheep -Receipts, 125; market, steady: top fat lambs. $14.25; bulk fat lambs. $11814; bulk cull lambs, s?(£9; bulk fat ewes. s4®6.

New York Stocks (By Thomson Sc McKinnon)

—Jon. 6 Railroads— Prev. High. Low. Close, close. Atchison 193% 191% 192% 191% At Coast L 186 ... 186 185 B & O 11814 11614 118% 116% Can pacific 215% 210% 215 211 C A* O 205% 202% 204 3 4 203 C & N W 88 86% 87 % 87 C R & P 111% 110% 110% 110%, Del & Hud 186 184 % 185V* 182%, Del & Lack ...137 136 137 138% Erie 65% 64% 65% 64% Erie Ist pfd 63% 62% 63% 62% Gt No pfd 98 97'4 98 97 Lehigh Val 94% 92% 94% 92% K C South 62% 61% 62% 61% L Sr N 153 ... 153 152 M K & T 40% 39% 40% 40% Mo Pac pfd .. .113% 112% 113% 113 N Y Cen 163's 161% 163% 161'% N Y N H & H.. 66% 65% 65% 66 No Pacific 98% 97 98% 97% Nor & W 192 188% 190 189% Perc Marq 127% 127 127'/- 125'% Pennsy 64% ... 64% 64% Reading 105 103% 105 103% Southern Rv ....145% 145'/* 145% 145% Southern Pac ..123% 122'- 123 122% St Paul 20 19'A 20 19% St Paul pfd 37% 36% 37% 37 St L & S W 78% 76% 78% 77% St L & S F 114% 112*4 H 4% 111% Union Pac 192% 191 192% 191% Wabash 66% 64 65% 63% Wabash pfd 93% ... 93% 93% Rubbers— Ajax 13% 13 13% 13% Fisk 17 ... 16% 17 Goodrich 94% 93% 94% 94% Goodyear 70% 68% 70 69 Kelty-Spg 25% 24% 25% 24% U S Rubber 62% 60'% 61% 60 Equipments— Am Car & F 109'/! 103 108 101% Am Loco 114% 112 113 111% Am Stl Fd 66% 64 65% 64% Bald Loco 252 ... 252 255 Gen Elec 135% 134 135% 134% Gen Ry Signal ..122%. 119% 120 118% Lima 64% 63 64% 63 N Y Air Bk 46% 45 46 45% Pres Stl Car. 75 Pullman 84 83% 83% 73% Westh A B 51 % 48%. 51% 49% Westli Elec 89% 88% 89% 89% Steels— Bethlehem 57% 57 57% 57 Colo Fuel 79 77*i 79 76% Crucible 90 88% 887* 89% Gulf St Steel ..•• 53% Inland Steel .... 60 59% 59% 59% P R C & I 39% 38% 38% 38% Ren Steel 60% 59% 60% 60% Sloss Shell 126 U S Steel 151% 149 150% 149 Alloy 32% 31% 31% 31 Vanadium 64% 63% 64% 63-% Motors— Amer Bosch .... 21% ... 21% 21 Chandler 17% 17% 17% 17% Chrvsler 60% 59% 60% 59% Con Mo 10% ... 10% 10% Dodge 23% 21% 23 224* Gabriel 28% 27% 27% 28% Gen Motors 137’t 135% 136% 135% Hudson 83% 82% 83 82% Hupp 34 32% 33 33 Jordan 13% ... 13% 13% Mack 107% 104 105% 104',* Yellow C 32% 32 32% 32 Moon 7% ... 6% 7 Nash . 98% 97 98 98 Packard 61% 61% 61% 61% Peerless 34% 20% 21 21 Pierce Arrow.... 15 14' 15 14% Studebaker 61% 60% 60% 61’Stew Warner— 83% 82% 83 32% Timken 132% 130 131% 130% Willys Overland. 20% 19% 19% 20 White Motors... 39% 38% 39% 39'/ Mining— Amer Sumatra. 181% 177% 180% 178% Anaconda 58% 56% 877* 57 Cer De Pas 68% 67% 68 87% Chile 41% 40% 40% 40% GreenC 1511% 143% 144 148% Int Nickel 90 82% 8914 83'4 Kennecott 85% ... 84% 84% Magma 5314 52% 531* 82% Texas G and S. 79 78 78% 77% At Ref 109% 109% 108 108% Cal Pete 26 24% 25% 24% Freeport Texas. 105% 103% 105% 103% Houston 153'4 ... 151 151'Indp Oil 26% 26 26% 25% Marland O 36% 35% 36'4 36% Mid C Pete 29% 28% 29 29 V* Lago 34% ... 34 34% Pan-Am Pete B 461* 45% 45% 46 Pro Sr Rfg 25% 25 25% 24% Phil Pete 42% 41% 411* 42 Union Oil 44% 44% 4!% 43% Pure Oil 27% ... 26% 27% Royal Dutch .... 47% .. 47% 47% Shell 26% 25% 23% 25% Sinclair 21'/* 20% 21% 21% Skellv 27% 27 27% 27% Std Oil Cal .... 55% ... 55 55% Std Oil N J .... 40 39% 39% 3974 Std Oil NY .... 31% 31 31'4 31% Texas Cos 54% 54 54% 54 Trans Pete 8% ... 8% 9 White Eagle .... 23% 22% 22% 22% Industrials— Adv Rumelv .... 12% ... 12% 12% Allis Chaim 120% 117 117% 117 Allied Chem 157 153 155 154 Armour A 13% 13% 13% 13% Amer Can 75% Amer H-L 11*4 ... 11% 11% Amer H-L pfd .. 58'% 56 56', 2 55 Am Safety R .. 58 57% 58 57% Am Wool 21% ... 21% 21% Am Linseed 63% 62% 63% 63 Coca Cola 133 129% 131% 129% Cont Can 83% 82% 83 s * 83% Cert Prod 61% 59 61% 58% Dav Chem 46% 43% 46 44% Dupont 320% 317 319% 319 Fam Players ... 116 113% 116 111 Gen Asphalt .... 90% 87% 89% 86 lilt C Engr .... 54 51% 53% 51% Int Paper 71% 70% 71% 71% Int Harv 242% 240% 239 % Union Carbide ..143% 142 143% 142% Lambert 82% 82 8274 81 May D Sta 83% 83% 837- 83 Mont Ward 126% 122’* 124% 122% Natl Lead 127V 2 127% 127% 126% Owen Bottle 79% 78% 79% 78 % Radio 99 91 99 90’/* Real Silk 28% 26 27% 28 Rem Rand 24% 23% 24'% 24% Sears Rocb 88% 87% 88 86% United Drug ....193 192% 192% 192 Univ Pipe 25% 25 25% 24% U S C I P 213% 212 213% 209% U S In A1 109 107 108 1061/ Woolworth 1901a 189'* 190% 189% Utilities— Am T <fc T 181 179% 180% 179% Am Express ....175 173 175 173 Am W W 59% ... 59 58 Brklyn Man .... 55 ... 55 54% Col aGs Sc E 1... 91% 90% 91 90% Cons Gas 124% 122% 123% 122% Interboro 30V* 30 30% 29% No Amer C 0.... 59% .. 59% 59% Peoples G 161% 159% 160'% 159% Phila Cos 150 ... 150 149% S Gas and El ... 58% 58'% 58% 58% Utilities Power . 29% 29 29'/* 29% West Union 174 1737* 174 173% Shipping— Am In Corp.... 77% 771* 77% 72% Am S Sc C 41* 4 41* 4 Atlantic G 39% In M M pfd 41% 40% 40% 41 United Fruit ..,.141 139% 13974 142 Foods— Am Sugar 76 74 75 7314 A B Sugar 17 ... 17 17 Austin N 6% ... 6% 6% Beecli N 76% 76 76 76% Calif Pkg 76% ... 76 75*4 Corn Prods .... 66% 65% 66% 6474 Cuba C pfd 301* ... 30% 30% Cuba A Sugar... 22% 22% 22% 22'4 Fleischmann ... 70% 69% 70% 89% Jewel Tea 8% 84 '4 84% 84% Nat Biscuit 17rt* 169% 171%. 170% Punta Ale 337* 32% 337* 32% Postum 128% 126 128% 126 WBk (Bi 28 27% 28 27 Tobaccos— Am Sums 61 6014 61 60% Amer Tob 173% ... 173 171% Am T (Bi 1731* 17274 173% 173 Cons Cigars 847* 83 84% 83% Gen Cigars 71 ... 71 17 Liggett 122% 122 122'/.. 131% Lorillard 38% 37% 38 37% R J Rey 159% 158% 159 158% Tob P (Bi 110% 109 110 1107* U Clg Stores 32 31'/* 32 31% Schulte R S 52 ... 51% 51%

In the Stock Market

(By Thomson Sc McKinnon) NEW YORK. Jan. 6.—Marvelous is a most appropriate word to use in offering a description of this stock market. For several weeks the opinion was generally entertained that a reaction was in order and inevitable. The reaction came. Liquidation was extensive. The volume was unusually large. And over night it is forgotten. This experience is not singular. It is only a repetition of what we have had for an entire year—a day's reaction and then a resumption of bullish operations. Therefore, we feel that we are lustified in speaking of the market as marvelous. What is it that makes this possible? What power, what influence surrounds the market that makes it so proof against selling? There is no need of mentioning trade hi this connection, because w care aware of the fact that the present state of trade could not possibly constitute a basis for a rising market, for at this time we are living in anticipation rather than in realization of large business. Prices of stocks are already high. The yield of leading issues is hi many instances no greater and in some Instances not as great as is aierived from bonds. Therefore, if there are no known or visible reasons, we must go back to the thought that there is an invisible force beneath the market that makes possible what we witness dally. That invisible force is undoubtedly the combined money power of the United States and Europe. It is a power that is being exerted to re-establish the world on a sounder and higher commercial and social plane. Under circumstances it Is most difticult to offer any suggestion other than the need of doing that which is very obviou—sensible selection out of an unwieldy list. Chicago Stocks Jan. 6 Open. High. Low. Close. Armour Del pfd.. 89 89 88% 88'Armour Ills pfd.. 71 73% 71 72% Auburn Motor ..125% 127 123% • 126% Kraft Cbse 63 V, Balban-Katz ... 60 Lib Me Sc Lib.. 9% 9% 9'i 9% Middle West ....125% 125% 133% 128% Swift & Cos 125'* 125% 125 125'/* Swift Inti 26 26% 26 26 Wrigley 71% 73 71% 73 Borg & Bhck ... 80 80% 80 80% Illinois Brick... 42 Yellow CabV 42 43 4? 43 Elec H Util.... 13% 1354 13% 13%

HOGS CONTINUE SLUMP, FALLING OFF 25 GENTS Buk and Top Porker Price $8.45; Receipts High in Other Classes. —Hog Price Range— Dec. Eulk. Top. Receipts. 30. 8.50® 8.00 8,90 8.500 31. 8.50(6u 8.90 8.90 3.000 Jan. 2. 8.504? 8.90 9.00 2.500 3. 8.75® 9.10 9.10 11,000 4. 8.75®> 9.00 9.00 15.500 5. 8.50® 8.70 8.70 14.500 6. 8.35® 8.40 8.45 12,500 Continuing the slump which began Wednesday, porkers declined again today at the Union Stockyards generally 25 cents on the hundredweight. The bulk and top price stands at $8.45. Receipts were slightly lower at 12,500, and 618 were held over. There was practically no early trading at Chicago and the few bids on choice heavy animals were around 25 cents lower at [email protected]. About 50.000 hogs were received and 20,000 of the enormous receipts Thursday were held over. Hog Price Range All animals weighing 160 pounds and upward dropped 25 cents to $8.45, heavy butchers, 250-350 pounds selling in a range of $8.25 @8.45. Light material in the 130-160-pound class was off 25 cents at $8.25 @8.50, and pigs, 90-130-pounds, sold at $7 @B, off the same. Packing sows went at $6.50®7.50, 25@50 cents lower. A steady to uneven tone prevailed in the cattle market, with 1,400 received. Beef steers were up 50 cents at $11.50 @15.50, but cows sold at s7® 10, off 50 cents on the low end of the range. Low cutter and cutter cows were unchanged at ss@ 625 as were bulk stock and feeder steers at $7.50@9. Lambs Strong Calves were steady, the best selling at $16.50® 17.50, and heavy calves at $6.50@10. Approximately 1,100 were brought to the yards. Bulk fat lambs were strong to higher, selling at sl2® 13, while the top in the sheep and lamb division was unchanged at sl3. Bulk cull lambs were steady at $7.50@10 as were fat ewes selling at [email protected]. Receipts were estimated at 1,200. —Hogs— Receipts. 12,500; market lower . 200-350 lbs $8.33® 8.45 200-250 lbs 8.45 160-200 lbs 8 45 130-160 lbs B.oo® 8.25 90-130 lbs 7.00® 8.00 Packing sows 6.50® 7.50 -CattleReceipts. 1,400; market steady to uneven. Beef steers ,$11.50®15.50 Beef cows .. 7.00#10.00 Low cutter and cutter cows ... 5.00® 6 25 Bulk stock and feeder steers.. 7.508 9.00 —Calves—- _ , Receipts. 1,100: market steady. Best vealers $16.50® 17.50 Heavy calves 6.50® 10.00 —Sheep and Lambs— Receipts, 1.200; market steady to strong. Top fat lambs *13.00 £ u }£ fat „ l *, mb l 12.00(613.00 Bulk cull lambs [email protected] Fat ewes 4.50® 6.50 Other Livestock Eu United Prc.t s <w? I 9 A i 3< Y Jsn -. 6.—Cattle— Receipts, 5,000. fed steers and Yearlings steady with Thursdays 25®50r decline; she stock in line with Thursday's downturn; bull3, steady; vealers. 50c lower, weighty steers A est actl °n: shipper buying: bulk, $124) 14.50; prospective top on weighty bul3'": most low cutter cows, 50.50(6.5. iB; sausage bulls. sß@9; accordlng to weights: most vealers, $12.50(6,13.50; kinds at $13.50® 14. Sheep—Receipts. 19.000; market, very slow: better grade fat Jambs. Jbs down, 15(6 25e lower: 92100 lbs., offerings 25®35c or more lower: sheep and feeding lambs, about steady ?? r >y sal * s - 03-89 lbs., lambs. $12.75® choice handy weights held around, $13.50; few 90-100 lb. weights. sl3® 12.75; choice Yearlings around 99 lbs., $10.75; fat ewes. s6® 7* scattering of feeding lambs. $11.50® 12.50. Hogs—(Soft or oily and roasting pigs excluded)—Receipts. 50.000; market around 25c lower than Thursday s average; heavy weight. 250-350 lbs.. me . dl . u , m $7.90® 8.35; medium weight, 200 -200 lbs., medium to choice, $8 (68.35; light weight. 160-200 lbs., common p choice, $7.75® 8.30; light lights. 130-160 lbs., common to choice, $7.25(68.10; packing sows smooth and rough, $6.75® 7.85slaughter pigs. 90-130 lbs., medium to choice, *7®7.75. Slaughter cattle and calves: Steers. 1,500 lbs. up. good and choice, $15(618.25; steers. 1,000-1.500 lbs., choice, [email protected]: good $14.25®18: steers, 1.100 lbs. down, choice. $16.75(6) 17.75: good, $13.50(6)16.75; medium, $11.25 14.25; common. $9(7)11.25; light Yearling steers and heifers, good and choice, 850 lbs. down. [email protected]: heifers, good and choice, $8.50 lbs. up. $10.75(613.50; common and medium, all weights. $8(g)11.25; cows, good and choice. $8,75(811.50: common and medium. $6.80(6 8.75; low cutter and cutter. $5.50® 6.50; calves, medium to choice. $7 ® 14.75; feeder and stock cattle steers common to choice, $7.50(6 12. Slaughter sheep and lambs—Lambs, light, and handy weight 92 lbs. down, medium to choice. $11.35(7) 13.65; cull and common. ali weights. $9.75®;11.35: ewes, medium to choice. $4(777.15; vull and common, $1.75® 4.75. Feeding lambs (range stock)—Feeding lambs, medium to choice. $11.50®13 25 Note: Above quotations on full wooled (SS) wooled (SV) shorn basis. E.ij United Press EAST ST. LOUIS. Jan. 6.—Hogs Receipts, 19,000: holdovers, 3,588; market 15 <6 25c off: 250 to 350 lbs., SB(6 8.35; 200 to 250 lbs.. $8.20®8.40; 160 to 200 lbs.. sß® 8.35: 130 to 160 lks.. *7.25(88.25: 90 to 130 lbs., $6.25®7.75; packing sows, $6.75 ®7,35. Cattle—Receipts. 1.200; calves, receipts. 700; market in steer trade not established: ' undertone weak; beef steers, $9.75®13; light yearlings and ihelfers, $8 4)11.50: beef cows. $6.75® 8.281 low cutters and cutter cows. ssi>6; vealers. sl6: heavy calvers. $7.50810.50: bulk Stocker and feeder steers, $7.50(6)8.50. Sheep—Receipts, .50; market opening steady; top fat lambs $13.25; bulk fat lambs, *l3: bulk cull lambs, *9: bulk fat ewes. ss®6. Bu United Press , CLEVELAND, Jan. 6.—Hogs—Receipts, ™ arke „ t 51®25c down: 250-350 fts.. $8.7J4) 8.85: 200-2 so lbs.. *8.75® 8.85- 160200 lbs. $8.756 8.85; 130-160 lbs., *8(f?8.85: 200-250 lbs.. $8.75(0.8.85: 160-200 lbs., $8 75 '''B 85; 13<M ®9 lbs.. *868.85; 90-130 lbs., $775.68: packing sows, $6.7587.25. Cattle --Receipts, 150: calves, receipts 200: market *o S , te , a , d s'j stf * d v: beef steers. $10,504)11.50; beef cows, $8.50; low cutter and cutter cows. $4,504/ 6: vealers, *l5B 13. Sheep—Receipts, 1,200; markel weak to 25c down: top fat lambs, *l4; bulk fat £?l.bs. $13.50814: bulk culf lambs. *10.50 ® 12; bulk fat ewes, *587. Bir United Pris EAST BUFFALO. Jan. 6.—Hogs Receipts. 6.400- holdovers 767: market 25® 35c lower; 25. 350 lbs.. $8.7589.10; 200-280 lbs.. *8.75(a9: 180-200 lbs., *8.6588; 130160 lbs.. $8.25®8.65: 90-130 lbs.. $888.25packing sows. *675®7.25. Cattle Receipts. 300; calves, receipts 700: market steady, calves 50c up: vealers. *17.50818. Sheep—Receipts. 6,800: market 25c down; bulk fat lambs. $13.50® 13.75; bulk cull %mbs, $11.50®12.50: bulk fat ewes. s6® By Times Special , LOUISVILLE. Jan. 6.—Hogs—Receipts, 1,200; market, 20c lower: mediums and heavies. $8.106 8.50: pigs and lights. $6,106) 7.35; throwouts and stags. *5.85(66.60. Cat-tle-Receipts. 200: market, aetive and steady. Calves—Receipts, 300: market, steady; god to choice. $12,50 8,14.50; medium to good. $10812.50: outs. $lO down. Sheep—Receipts. 100: market, steady: top lambs. *l2B 12.50; seconds. *7(49; sheep, *44(5.50. Thursday's shipments: Cattle. 43; calves, 101; hogs. 588: sheep, none. E. V United Press PITTSBURGH. Jan. 6.—Hogs—Rece-pts, 60(1: market. 25645 c lower; 250-350 lbs., $8,854/8.90: 200-250 lbs.. *8.8388.90; 160200 lbs.. *8.756 8.90: 130-160 Ids.. $8.50® 8.85; 90-130 ibs.. S8 6 8.50; packing sows. $76 7.35. Cattle—Receipts. 10. Calves— Receipts. 200; market, steady: beef steers. $10.50814.10: vealers. [email protected]. Sheep —Receipts, 1.000: market, weak to 25c down: top fat lambs, sl3® 14; bulk cull lambs, sß®lo. |

THE INDIANAPOLIS TIMES

In the Cotton Market

(By Thomson Sc McKinnon) NEW YORK, Jan. 6.—The cotton market advanced 20 points this morning In an easy manner with no particular feature other . than occasional purchases tor European account, While so many traders are disposed to take a bearish position on the market because of the cold wav* and possible abatement of the weevil nuisance, ve think insu'cient attention is being paid to a situation which may exert a major influence on the new crop, namely the marked deficiency in subsoil moisture over the Northwestern part of Texas. Here is a country that in recent years has been an important factor in cotton production. It is a section which Is hardly ever generously treated In the matter of precipitation, depending to a great extent on winter rainfall. We suggest that our readers keep this in mind, we are of the opinion that cotton is a purchase as It reaches the vicinity of trade accumulation, which at, present is Just above 19 cents for the May position. NEW ORLEANS High. Low. Close. January 19.37 19.11 19.26 March 19.38 19.15 19.85 May 19.34 19.11 19.29 NEW YORK High. Low. Close. January 19.34 19.15 19.34 March 19.41 19.19 19.40 May ! 19.54 19.30 19.52 July 19.37 19.13 19.36 October 18.80 18.54 18.79 December 18.63 18.45 18.63 , CHICAGO High. Lew. Close Tanuarv .... 19.33 19.12 19.30 March .19.40 19.14 19.35 May .. .. . ..... ... '9 40 19.18 19.35 juiv 19.37 19.19 19.27 October 18.90 18.38 18.30

Indianapolis Stocks

—Jan. 6 . . . Bid. Ask. Amer Central Life ,••560 ••• Amer Creosotlng Cos pfd 101% 10?% Belt R R com $7% *-* Belt R R pfd ?•* ... Sent Ind Power Cos pfd 94% 97 ltles Service Go com 35% ... Cities Service Cos pfd 94% ... Citizens Gas Cos com ......... 56% 57% Citizens Oas Cos pfd iv'2s - Commonwealth Loan Cos pfd... 9? Equitable securities Cos com... 51 Hook Drue com ... 30 Indiana Hotel com (Claypool) ..}|3 Indiana Hotel pfd 160 Indiana Service Corp pfd 35 Indlanaoolis Qas com .... 60 Indpls & Northwestern pfd ...48 ... Indpls P & L B%s pfd J 03% 10 Indpls P Ac I, 7s -1M 103% Indpls Pub Wet Ln Ass'n 47% ... Indiana Dolls St Ry pfd., 38% 37 Indpls Water Cos pfd 1031* ... Indpla Water Wks Sec Cos 98 Interstate P S pr lien pfd 103% 105 Interstate P S 6s pfd 87 ... Merchants Pub Until pfd......J8i ... North Ind Pub Service pfd...101 lot Progress Laundry com |5% ... Rauh Fertilizer pfd 50 Real Silk Hosiery pfd 85 T H I & E com 1 T H I Sr E pfd 18 T H Trac and Lt, Cos pfd 90 ... , Union Trac of Ind com % Union Trac of Ind Ist pfd 1 Union Trac of Ind 2nd pfd % Union Title Cos com .9 Van Camp Pack Cos pfd 10 ... Van Camp Prod Ist pfd 96 160 Van Camp Prod 2d pfd 100 —Bank Stocks— Aetna Trust and Sav Cos }?0 Rankers Trust Cos 130 City Trust Cos 150 Continental National 121 ... Faimers Trust Cos 246 Fidelity Trust Cos 162 Fleteher American 178 Fletcher Sa'- and Trust C0...290 Indiana National Bank 263% 285% Indiana Trust Cos 238 237 Livestock Ex Bank 182 Marlon County Bank 218 Merchants Nat Bank ~.340 Peoples State Bank 350 Security Trust Cos 275 State Savings and Trust 100 Union Trust Company 483 Wash. Bank and Trust Cos. ...163% ... Bonds Belt R R and Stockyards 4s ... 90'i ... , Broad Ripple 5s 81 82% Central Indiana Gas 6s 98 Cant Ind Power Cos 6s 108 Chi S Bend & N Ind 3s 15 Citizens Gas Cos 3s 1041* 105% Citizens St R R 5s 87 88'; Oary St Ry 5s 89% 91% Home T Sc T of Ft. Wayne 65.103% ... Indiana Hotel 5s 100 Indiana Northern 2 5 Indpls Northern 5s 11% 14 Ind Ry and Lt 5s 96 Ind Service Corp 5s 96 Ind Union Trac 5s 2 Indpls Col & South 6s 9iy* 101 Indpls Gas Cos 5s 101% 102% Indpls & Martinsville 6s .... 79 Indpls Northern 5s 12% 16% Tndols Northwestern 5s ... 79 Indpls Power and Lt Cos 5s ...100% 100% Indpls St Ry 43 67 87% Indpls Trac and Term 3s 95% 96% Indpls Union Ry 5s 103'* ... Indpls Water 5%* 104'/ ... Indpls Water Ist 5s 99% ... Indpls Water 4%s 98 Indpls Water Wk Sec Cos 63... 100 Interstate Pub S 8s 104 Interstate Pub S Bs 6%s 105''* ... N Ind Pub Serv Cos 5s 100 T H I & E 5s 85 T H Trac and Light 5s 95 Union Trac of Ind 6s 11% 18 Ex-dlvidend. —Liberty Bond* — Liberty Loan Ist 3%s 101.60 101.78 Liberty Loan Ist 4%s 10J.36 10J.56 Liberty Loan 3d 4%s 100 60 100.72 Liberty Loan 4th 4%$ 103.84 104.00 U S treasury 41*s 116.60 115.80 U S Treasury 4s 110.62 110.84 U S Treasury 3%s 107.78 106.04 U S Treasury 3%s 100.10 100.;10 U S Treasury 3%s 102.90 103.10

Commission Row

PRICE TO RETAILERS FRUITS Apolcs— Fancy barrel apples: Jonathans. $8 oo<®3: Bellflowers. *7.50; Grimes Golden, *9; R. I. Greenings. *8; Kings, *B. Barrel apples: Grimes Golden. *7.50; Bellflowers. *6: Baldwins. $6; Wugners, $5.75®6; Jonathans. $5.50; Winesaps, *6. Box apples: Delicious. $4(3)4.7; Grimes Golden. $2.80® 3.50: Jonathans, *3.25: Stymen*. $3.75. Efskct apples 140-lb. baskets): Jonathans, $3.50®2.75: Grimes Golden. *3.75; Delicious, *3.25; Wolf River. *2.50; Senator. *2.00: Kings. 82.75: Northern Spys, *3: Rome Beauty. $3; Staymens, *3; 29-ounce Pippin. *2.50: Staymens. $2,800:2.75; eookIng apples. *2; York Imperials. B grade, *1.78: Staymens, B grade, *1.85; Grimes, B grade. $2.25; Senator. *2.50; Northern Spys. *3; Rome Beauties. $2.75; Baldwins, $2.50: R. I. Greenings. $2.75. Bananas--6®Bc lb. Berries —Cranberries, $10®1! one-half barrel. Grapefruit—Florida. $3.75(5.5.28. Grapes--California Emperors. *6 keg; California Malogas. *8.50 per keg. Kumquats—Florida. 25c quart. Lemons—California. $7.50(58 crate. Limes—Jamaica. $3 per 100. Oranges—California navels, $4.75®7 crate; Florida. $5.75@6 crate. Pears—Washington Bose. $6 per box; Washington D’Anlous. $6 box. Tangerines—Florida. *3.75® 4.35 a crate. VEGETABLES Artichokes—California. *2.25 per dozen. Beans—Southern. $3.75 hamper. Beets—sl bu. Brussels sprouts—2sc lb. Cabbage—H. G.. 2®2%c lb. Carrots—sl ® 1.25 bu. Cauliflower—California. $2.75 crate. Celery—i lallfornla, *6. 8, 9 and 10-doz. crates. Celery cabbage—sl.2s doz. Cucumbers—Hothouse. $2.50 doz. Eggplant—H. 0.. *2.25 doz. Endive—sl.2s doz. Kale—s 2 barrel. Leek—soc bunch. Lettuce—Arizona, head. $4.50®,5.50 per crate: hothouse leaf, *2.40 15 lbs. Mushrooms—*l.so, 3 lbs. Onions—Spanish. *2.35®2.75 crate; Indiana white. *2.50 per 100-lb. bag; Indiana yellow. $2 per 100-lb. bag. Ovsterplant—3oc doz. Parsley—soc do/, bunches. Parsnips—sl.so bu. Peas—California telephone. $9.50 hamper. Peppers—Florida mangoes, $4 crate. Potatoes —Michigan white, $3.25 150 lbs.; Minnesota Russets. $2.25 120 lbs.: Minnesota Red River Ohios. $2.40 130 lbs.; Idahos. $2.40 110 lbs.; Texas Triumphs, $3.50 per hamper. Radishes—Hothouse buttons, 90e®$l doz: Southern long red, 35c dozen. Rutabagas—*l.7s per cwt. Shallots—soc doz. Spinach—H. G.. $1.2501.50 bu. Sweet Potatoes diums. $1.75 bu.; Indiana Jerseys, $2.73 bu.; Nancy Hall. SI.BO hamper. Tomatoes—Hothouse, $3.50 per 10 lbs.; California. S6®7. 6-basket crate. Turnips—H. G„ 85c 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. Ovsters—Standards. $2.50 gal.; seleets. $3 gal. Squash—Hubbard. $4.50 barrel.

Local Wagon Wheat

Local grain elevators are paying $1.33 for No. 2 red wheat. Other grades are purchased on their merits. New York Liberty Bonds —Jan. 6 Prev. Close, close. 3 Vi* 101.20 101.15 Ist 4Vi s 103.12 1 03.15 3d 4Vis 100.21 100.21 4th 4Vis 103.30 103.29 Tr 4VS 1952 116.1 115.22 Tr <s 1954 110.1 110.23 Tr 3*43 108 k) 107.29

CORN AFFECTED IN CHICAGO BY BULLISHTREND Light Receipts and Warm Weather Induce Strength in Yellow Grain. I'M tinted Press CHICAGO. Jan. 6.—Strength in corn, induced by light receipts and expected warm weather, was the only feature of today’s colorless session on the Chicago Board of Trade. Wheat and oats were about steady in quiet markets. Wheat was slow all day, midsession losses evening up the slight bulge of the opening. Com was weak at the opening, but early rallies and slight bulges during the day netted fractional gains that were holding well late in the session. Receipts were unexpectedly light at principal points, and buying was stimulated. There were no features, no news, and small price changes in the oats market. Grain futures clos'd generally higher, wheat and oats following the steady upturn in com. Continued reports and forecasts of warm weather over the belt kfpt com in the lead. Closing figures were: Wheat, % to cent higher; corn, R $ cent higher; oats unchanged to % cent up. Provisions closed higher. Chicago Grain Table —Jan. 6 ' WHEAT— Prev. Open. Hizh. tow. Close, close. March 1.29% 1.30% 129% 1.30% 1.39% May.. 1.30% 1.31% 1.30% 1.31% 1.31 July.. 1.26% 1.27% 1.26% 1.27 1.26% CORNMarch .861* .87% .86", .87% .86% Mav.. .90 .91% .89% .90% .90% July.. .92% .93 .92 .92% .92% OATS— March .53% .54 .53% .S* .S3 3 ; May.. .54% .55% .54% .55% .54% July.. .53 .53 .5174 .52% .5274 LARDJan.. 11.92 11.97 11.92 11.95 11.87 Mav. 12.22 12.30 12.22 12.27 12.20 July nominal 12.42 12.35 RIBS— Jan. nominal 10.90 10.87 RYE— March 1.08 1.09 1 08 1.09 1.08 Mav.. 1.08% 1.09% 1.08% 1.09% 1.08% July.. 1.03% 1.04% 1 03% 1.01% 1.03-% i? cSicAGO. >r jan! 6.—Carlots; Wheat. 10; corn. 118; oats, 30; rye. 1. jan. 6—Cash grain: CornNo. 3 yellow. 84c; No. 4. 82®83 ,c; No 5, 80%®83c; No. 6. 79®89%c; No. 5, white. 81c; No. 6. 80c: sg.. 71%®76%c. Oats— No. 2 white. 55®5574c: No. 3. 53%4j 56c. Barley—9o-(i 95c. Timothy—s3®3.7s. Clover —522.23029.75. E/i United Press CHICAGO. Jan. 6.—Close: Wheat—No. 2. $1.40%® 1.41'*. Corn—No. 3. 90®91c. Rye—No. 2. $1.15. Oats —No. 2, 58®59c. Clover—Cash, $18.85; February. $19.05: March. *l9. cash Imported. $16.30; January, imported. $16.75: February, imported. $16.80; March, imported, $16.80. Timothy —Cash, *2.05: March. $2.15 Alsike—Cash. *16.30: January. $16.30; February. $16.45: March, *16.60. Butter—sl®34c. Eggs—4o ® 42c. Hay—*l.2o cwt.

Cash Grain

The bids for car lot3 of grain at the call of the Indianapolis Board of Trade, f. o. b. basis 41'%c New' York rate, were; Wheat—Steady: No. 2 red. *1.37®1.39; No. 2 hard. 1.28. „ Com—Steady; No. 4 white. 72®75c: No. 5 white. 69®73c; No. 4 yellow. 74%®77c; NO. 5 yellow. 72®75c; No. 4 mixed. 70®73c; N. 5 mixed. 67@70c. Oats—Steady: No. 2 white. 51@53c; No. 8 white. 49®$lc. Hav— Weak: No. 1 timothy. $13,506:14; No. 2 timothy. $12.50013: No. 1 light clover mixed. $13.50® 14: No. 1 clover mixed. sl3® 13.50: No. 1 clover hay. $16.50 ® 17. —lnspections-^ Wheat—No. 2 red. 1 car: No. 2 hard. 1 car: sample. 1 cars. Total. 3 cars. Corn —No. 4 white. 1 car: No. 5 white. 1 car; No. 6 white. 2 cars; sample white. 8 cars: No. 3 yellow. 1 car; No. 4 yellow. 1 car; sample yellow. 5 cars; sample mixed. 3 cars. Total, 23 cars. Oats—No. 2 white. Scars: No. 3 white. 4 cars; No. 2 mixed. 2 cars. Total. 9 cars.

In the Sugar Market

(Bv Thompson & McKinnon) NEW YORK. Jan. 6.—The raw sugar market shows a firm undertone which is reflected In the market for futures although the latter is subject for the moment to technical influences causing some tr regularity. There were some rumors that Cuban plans were not progressing as favorably as expected although there was nothing definite on this subject. I believe the late months should be bought on any reactions. RAW SUGAR PRICES High. Low. Close. January 2.71 3.68 2.69 March 2.78 2.79 2.78 May 2.85 2.83 2.83 July 3.93 2.91 2.91 September 3.00 2.99 2.99 December .3.06 3.04 3,04 MOTION PICTURES EAST TWO DAYS POL A NEGRI and Emil .Tannings in "PASSION" rtLgfcidiMy - Tr* 1 * tobejuownin PENNSVLVANIA License Co:iunt(tifci Orders*’ -;/ *1 Presentation Slopped al ’"*/ RICHARD BENNETT TO ALL SHOWS Matinee and Night, Continuous 1 to lIP. JM. With special added delicate n scenes. Girls under IS barred. H STARTS SUNDAY jj

TROLLEYS EARN MORE Cut in Operating Expenses Allows Gain of $4,000 Net earnings of the Indianapolis Street Railway Company during November were increased about $4,000 over the same month in 1926, a report to the public service commission shows. The increase was effected through reductions in operating expense. Although November gross earnings were $435,917, a decrease of $23,020, in comparison with the 1926 figures, the operating expenses show a decrease of $27,165 for the same months. November, 1927 operating expenses were $324,151 compared with $351,37 for 1926. C. W. WINTERBERG DIES Resident of City Since Coming From Germany, 52 Years Ago. Funeral services for Charles W. Winterberg, 70, who died Thursday at his home, 2056 Central Ave., will be held at the home at 2:30 p. m. Saturday, followed by burial at Crown Hill cemetery. A native of Germany, Mr. Winterberg had been a resident of this city since coming to the United States fifty-two years ago. He is survived by a sen, Homer, and two daughters, Mrs. F. L. Throne, Tampa. Fla., and Miss Eva Winterberg, Indianapolis. COUNTY TO ASK LOAN Final Action on $350,000 Request to Be Taken Today. Final action on a request for a $350,000 temporary loan to pay current county debts pending collection of the spring tax installment will be taken today by the county council. The appropriation request was submitted to councilmen by County Auditor Harry Dunn today. Council also was asked to make the following other appropriations: Salaries and supplies for collecting horizontal tax refund data. $4,000; garage repairs, $125; linoleum for the new municipal courtrooms, $1,400, and electrical fixtures for four court rooms,s6oo.

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JEWS PROTEST DE MULE FILM ‘King of Kings’ Revives Race Hate, Say Leaders. Rabbi Morris M. Feuerlicht, a leader of Jewish thought in Indianapolis, today refused to join in the nation Hebrew protest against the film, “The King of Kings,” until he lias seen the picture. The film will open next week at English’s. "I wish to make no comment now,” he said, “but I probably will preach on the “King of Kings” Friday night at the church.” The Independent Order of B’nai B’rith thought the international president, Alfred M. Cohen, Cincinnati, Ohio, led protests against the picture. Jews say the picture gives a version of the life of Christ, which revives old prejudices, and that it is historically inr-orrect from the standpoint of the Jew. Nation-wide protest over the movie version of the crucifixion of Christ will result in a complete revision of the film, it was learned today. Cecil B. De Mille, director and producer of the Biblical epic, it is said, is planning a special prologue exonerating the Jews and casting the entire blame for the crucifixion of Christ on Caiaphas. the high priest, and “other hirelings of the Roman empire.” DRAW JURIES TODAY Commissioner’s Illness Delays Completion of Groups. Drawing of talesmen for the grand and petit juries of Criminal Court was set for 11 a. m. today. Completion of the two juries has been delayed by illness of Jury Commissioner Joseph R. Raub. Two members of the grand jury have been selected, leaving four to be chosen from the ten names to be drawn Saturday. The new prospects will report

PAGE 13

with the two already chosen before Criminal Judge James A. Collins Monday morning. Nine places on the petit jury remain to be filled. Charter No. 132. Report of the condition of Aetna Trust & Savings Cos. at Indianapolis, in the State of Indiana, at the close of Us business on Dec. 31, 1927. E. S. GOODRICH. Chairman ol Board. ROSS 11. WALLACE. President. LEO M. RAFPAPORT. Vice President. J. S. GRIGGS. Secretary. O. R. OLSEN. Treasurer. L. S. HENSLEY. Assistant Secretary. RESOURCES. Loans and discuonts'. $1,118,335.63 Advances to trusts 15,591.85 United States government securities 61.000.00 Other bonds, securities, etc 4,73,195.85 Building lease hold 50.000.00 Furniture and fixtures 19.704.48 Other real estate owned 11,285.96 Due from departments ....... 5,662.34 Cash and due from banks 284.777,10 Trust securities 568,532.77 Other assets not included in , the above 642.35 Total ...$2,603,728.33 LIABILITIES. Capital stock—paid in $ 250 000.00 Surplus 50,000.00 Undivided profits—net 15,803.38 Reserve for interest and taxes 10,121.23 Demand deposits' ..$746,973.27 Demand certificates 86,029.05 Time deposits 644,537.65 Trust deposits 90^900.2* Certified checks.. o.iiri.Yi Due to banks and trust companies 124,452.63 Secretary's checks 3,845.92 1,701.845.88 Dividend checks 7.875.96 Due departments 1,549.30 Trust investments 568,532.77 Total State of Indiana, County of Marion, ss: I, J. S. Griggs, secretary of the Aetna Trust and Savings Company of Indianapolis, Ind.. do solemnly swear that the above statement is true. J. S. GRIGGS. Subscribed and sworn to before me this 4th day of January, 1928. CIIAS. B. WILBERDING, [SEALI Notary Public. My commission expires March 10. 1930.