Indianapolis Times, Volume 39, Number 218, Indianapolis, Marion County, 19 January 1928 — Page 14

PAGE 14

VOLUME PICKS UP AS PRICES FIRMJN MART U. S. Steel, General Motors Both Make Small Gains.

Average Stock Prices

Average of twenty industrials Wednesdays was 194.50, off .35. Average of twenty rails was 136.98, ofT .98. Average of forty bonds was 99.35, up .04. By United Press NEW YORK, Jan. 19.—Prices were hardly changed from the previous close at the opening on the New York Stock Exchange today. Trading was still only of moderate preparations but the volume was picking up momentum as the day progressed with prices Arming up in various sections. United States Steel and General Motors both made small gains from their Arm opening levels of 14514 up %'and 13214 and % respectively. Adams Express Good Adams Express, which netted 8% points Wednesday, was again in demand today. Opening at 232, up points, the issue soared to 235, anew high record. Several motor shares followed the lead set by General Motors. Hudson was among the favorites, rising % to Chrysler gained a point to 56.%. Utilities continued in demand with Electric Power and Light leading. This stock advanced a point to 33% on buying based on expectation of a good showing in its earning. Railroads showed an improved tone, but dealings were only moderately active. • Describing the market, the Wall Street Journal’s Anancial review today said: Upside Active at Noon "Transactions in early dealings were restricted by the disposition of traders to await the showing of brokers’ loans after the close. The main body of stocks exhibited quiet strength. Adams Express had another sharp advance reAecting expectation of a distribution of assets.” Greater activity on the upside developed around noon under the stimulation of large offerings of call funds at 3% per cent, against a renewal rate of 4 per cent. This easier tone encouraged bullish operations in various stocks. Motor shares were taken up by their sponsors on the theory that they harbored a large short interest.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,669,000. Debits were $7,112,000. CHICAGO STATEMENT B,y United Press CHICAGO. Jan. 19.—Bank clearings today were $115,000,000; clearing house balances, $11,700,000. FOREIGN EXCHANGE By United Press NEW YORK, Jan. 19.—Foreign exchange opened Irregular. Demand sterling $4.87 3-16. off .00 1-16; francs. 3.92%c; lira 5.28%c, up .00 'A; Belga 13.94 c, up .0014; marks, 23.81 %c. TREASURY STATEMENT By United Press WASHINGTON, Jan. 19—The tieasury net balance for Jan. 17, was $158,940,125.80, Customs receipts this month to Jan. 17, were $22,395,653.85. LIBERTY BONDS ORK,*Jan. 19.—Liberty Ist 4Vis, opened at 103.6. off 3; 3d 4145, 100.19, off 2; 4th 4145. 103.28.

Produce Markets

Butter (wholesale price) No. 1, 60® 52c; No. 2, 48®49c. Butterfal (buying prices)—4B@soc. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 36® 38c doz. Cheese (wholesale selling prices, per pound)—American loaf, 354i,38c; pimento loaf, 38®40c; brick loaf, 35@38c; Swiss No. 1, 42®44c: imported Swiss. 62c: Wisconsin flat, mild and sharp. 32@34c; prints cream, 384J40c; flat display. 28@30c; Longhorn, 28<&29c; New York limberger. 42® 44c. Poultry (buying prices)—Hens, 21®22c; Leghorn hens. 15®16c: springs. No. 1. soft meated, 20®22c; Leghorns, 14®15c; staggy voung springs. 14® 16c: roosters, 10@12c; Leghorn stags. 10®15c; turkeys, young toms, 32c; young hens, 32c; old toms, 23c: old hens, 22c; ducks, 15@17c: geese, 13® 14c; young guineas. oOc: old, 35c. By United Press CLEVELAND. Jan. 19.—Buttery-Extras, in tub lots. 48%@50%c; firsts, 44%®46%c; ?econds, 41%®43%c; packing stock, 30® 42c. Eggs—Extras, 50c; extra firsts, 47c; firsts, 45c: ordinary, 37c; pullet firsts, 30c. Poultry—Heavy fowls, 26® 27c; medium, 23 ® 25c; Leghorns, 19®21c; heavy springers, 27<®28c; Leghorn springers, 20®22c; ducks, 22@24c; geese, 18®20c; old cocks, 16® 17c. Potatoes—Round whites. 150-lb. sacks. New York, $3.15: Maine, *3.25® 3.35; Ohio. $2.85®3; Michigan. $3: Wisconsin, *2.85@3; 120-lb. bags. Minnesota, $2.40 <■<£2.so; Idaho rurals. $2.50; 110-lb. sacks, bakers, $3.50: Colorado brown beauties. $2,75; home grown, bushels, $1.35; Florida, triumphs, $2.75®2.85 per hamper; Florida cobblers, No. 1, $lO per barrel. By United Press NEW YORK, Jan, 19.—Flour—Dull but firm. Pork—Firm; mess, $33. Lard Steady; Midwest spot $12.40® 12.50. Sugar •Raw unsettled; spot 96 test delivered duty paid. 4.46; refined quiet; granulated, 5.80. Coffee —Rio No. 7 on spot, 15c; Santos No. 4, 22®22%c. Tallow—Easy; special to extra, 8%@8%c. Hay—Barely steady; No. 1. [email protected]; No. 3. 89® 90c; clover, 70c®:*1.05. Dressed poultry Steady; turkeys, 25@48c; chickens, 18® 37c; capons. 30®46c; fowls, 17@31c; ducks, 18®22c; Long Island ducks, 22@26c. Live poultry—Steady to firm; geese, 14@23c: ducks, 16@33c; fowls. 23®.26c: turkeys, 16 ®33c; fowls, 23@28c; turkeys, 25@>40croosters. 18c; chickens. 21@31c; capons, 30 ®4sc; broilers. 35®40c. Cheese—Quiet; State whole milk, fancy to specials. 29® 29%c; Young America, 29®29%c. Potatoes —Long Island, $2®)4.25; Jersey, basket, 75c ®sl: Southern, basket, $1.75®2.50; Maine, $2.80®3.85; Bermuda, ss®l2. Sweets Jersey, basket. 50c®'52.25; Southern, basket, [email protected]. Butter —Steady; receipts, 10,648; creamery extra, 47@47%c; special market, 48® 48'Ac. Eggs—Easier; receipts, 16,585; nearby white fancy, 50@51c; nearby State white, 45@49c; fresh firsts, 45® 46c; Pacific coasts, 47® 50c; western whites, 46@48c; nearby browns, 50®52c. FORM EMPLOYES CLUB Light and Power Workers Will Lunch Each Wednesday. Indianapolis Power and Light Company employes organized the Ipalco Club at a meeting at the Columbia Club, Wednesday. The organization will lunch at the Chamber of Commerce each Wednesday. Officers are James R. Branson, president: Harry Brunnell, vice president, and Donald Snoke, secretary treasurer. Auto Kills Truck Driver By Times Special PLYMOUTH, Ind., Jan. 19. Ezekiel Rivers, 38, Negro, Gary, was killed Wednesday night on State Rd. 31 north of here when he was struck by an auto occupied by Mr. and Mrs. J. W. Louderback, Fulton, both of whom were severely cut and bruised. Rivers, driver of an In-dianapolis-bound truck, was working on the truck tail light when struck.

New York Stocks

*(By Thomson & McKinnon)

—Jan. 19— Railsoads— Prev. High. Low. Close, close. Atchison 19014 190% 19014 190 Atl Coast Line 184 Balt & Ohio 114% 11414 11414 11414 Canadian Pac...205% 204% 20514 205 Vi Chesa & 0hi0..198 . 198 198 Chi & Alton 6Vs Chi & N West.. 8414 ... 8414 84 Chi Grt West... 12 ... 12 12 C R I & P ....10814 ... 108% 109% Del & Hudson. .178% ... 178% 179% Del & Lacka.. .13414 ... 134% 134% Erie 60% 60% 60% 60*% Erie Ist pfd 61 Grt Nor pfd... 95% ... 9514 96 111 Central 132% Lehigh Valley .. 94% 94 94% 94 Kan City South. 59% ... 59% 59% Leu & Nash 148% M K & T 38% 38% 38% 38% Mo Pac pfd ....111% ... Ill 1 /* 112 N Y Central ... 160 159% 160 159% N Y C & St L. .129 ... 129 139 NYNIUIH.. 6114 60% 61,14 60% Nor Pacific 95% 94% 95% 94% Norfolk & West 184% 18414 184'% 184% Pere Marq 128 Pennsylvania ... 64% ... 64 64% P & W Va 140 Reading 101 ... 100% 100% Southern Ry ... 143% 143 14314 143 Southern Pac .. 120% ... 120% 121 St Paul 17% 17% 17% 17% St Paul pfd 33% 33% 33’/. 33% St L & S W ... 77 ... 76% 76 St L& S F 113% ... 113% 112% Texas & Pac 105% Union Pacific.. 189% ... 189% 189% West Maryland . 45% ... 45% 45% Wabash 64% ... 64 64% Wabash pfd .... 94 ... 94 95 Rubbers— ’ Ajax 12% 12% 12% 12% Fisk 16 ... 16 16 Goodrich 8974 89 89% 89 Goodyear 67 66% 67 6674 Kelly Spgfld ... 23% ... 33% 23% Lee 17% ... 17% 17% United States .. 59 58% 5814 58% Equipments— Am Car & Fdy 106% Amer Loco 10974 ... 10974 110% Am Steel Fd ... 65% 65% 65% 65% Bald Loco 250 ... 250 350 Gen Elec 131% 131% 131% 130% Gen Ry. Signal 11874 ... 118 119 Lima Loco 59 ... 59 59 N Y Airbrake.... 44'/* ... 4474 44 Pr Stl Car 2474 24 24% 2574 Pullman 82 81% 82 81% Westingh Air B 50% 50 50% 50% Westlngh Elec.. 93 91 92% 91% Steels— Bethlehem .... 5674 ... 5674 5674 Colorado Fuel.. 777* 76% 77'/* 7674 Crucible ....... 8674 ... 86% 86 Gulf States Stl 51% Inland Steel ... 6 0 ... 5974 5074 Phil RC & 1.. 3774 37% 38 Rep Iron & Stl. 60 ... 60 59 Sloss-Sheff iat US Steel 14574 14474 14574 14474 Alloy 29% ... 29Vs 29% Youngstwn Stl. 99% 9874 99 99% Vanadium Corp 61% 6174 6174 6074 Motors— Am Bosch Mag 0274 Chandler 18% 15% 16% 18% Chrysler Corp .. 57% 56% 57% 5574 Conti Motors .. 1074 10% 1074 1074 Dodge Bros .... 19% 1974 1974 1974 Gabriel Snbrs... 25% ... 26 257, General Motors. 133 1 3274 1 32% 132% Hudson 8074 797a 80 74 79% Hupp 3274 32 % 32% 32 Jordan 97* 9% 9% 91/, Mack Trucks ..10174 101 101% IOtF, Martin-Parry ..15 ... 13% 15% Moon 874 ... 67a 6% Motor Wheel .. .. 26' a Nash 91% 91 74 9174 91 Packard 57% 56% 57 57% Peerless ... ... 1714 Pierce Arrow .. .. 12% Studebaker Cor. 57% 5774 57 % 577* Stew Warner 807* Stromberg Cart 50% Timken 8ear....128 ... 12774 1 27% Willys-Overland. 1874 ... 1874 18% Yel ow Coach .. 34% 33% 34 33% White Motor .. 37% ... 37% 37 Mining— Am SmU & Rfg.174% 174 174% 17374 Anaconda Cop... 5474 54 74 54 % 54% Calumet & Ariz 103% ... 10374 1 027a Cerro de Pasco. 66% ... 66 74 66 Chile Copper .. 40% ... 40% 4074 Greene Can Cop. 13774 13574 1367a 136 Inspiratlo nCop. 197* ... 19 19 Int Nickel 92 91 74 91% 917* Kennecott Cop. 8174 8 1 81 81 Magma Cop ... 50 ... 50 50 Miami Copper.. 18% ... 18% lg% Texas Guff Sul. 77% 7674 77 76 Atlantic Rfg 107% Cal Petrol 25 24% 25 25 * Freeport-Texas 103% 102% 102% 1027s U SJlmelt 40% ... 39% 41 Houston Oil 14674 146*/. 14674 146% Indp Oil Gas 27 ... 27 267* Marland Oil ... 3774 ... 367* 37% Mld-Cont Petrol.. 28% ... 208 % 28% Lago Oil & Tr 34% Pan-Am Pet 8... 427* ... 42 % 42% Phillips Petrol.. 42 41% 42 4274 Pro & Rfgrs 2474 Union of Cal 44% Pure Oil 26 ... 2574 26 Royal Dutch.... 45 45 45% Shell 257* ... 25% 25% Simms Petrol 227 2 ... 22% 22% Sinclair Oil .... 20% ... 20% 20% Skelly Oil 27% ... 27% 27% Std OH Cal 55 ... 55 55 Std OH N J 39% 39% 3974 39% Std Oil N Y.... 30% 30% ?0% 30% Texas Corp 54% 54% 54% 54% Transcnntl 9 8% ’ 9 9% White Eagle ... 22 ... 22 22 Industrials— Adv Rumely 1174 Allis Chalmers.. .11674 116 4 116 Allied Chemical..ls4% 154% 1547* 154 Armour A 13% ... 12% 127s Amer Can 7174 ... 7174 71 Am Hide Lea 13% Am H-L pfd.... 6374 6274 6374 63 Am Linseed 59% Am Safety Raz.. 5674 ... 56% 57 Am Ice 30% ... 30% 30% Am Wool 2274 ... 22% 23 Coca Cola 13574 ... 1357 135 Conti Can 82 ... 82 8174 Certainteed 587* Congoleum 2674 2674 2674 267* Davison Chem .. 4174 ... 41% 4174 Dupont 313 31274 313 312 Famous Players. .112 11174 112 112 Gen Asphlt 89 87 % 88 8774 Int Bus Mch 116% Int Cm Engr.... 51% 50% 51 5074 Int Paper 6874 677 * 68 6774 Int Harvester ... , 23% Lambert • 8474 Loews 5874 58 5874 58 May Stores 82 Montgom Ward .11974 119 119% 1197a Natl Lead 1? Pittsburgh Coal 48% Owens Bottle ... . •• 7774 Radio Corp .... 9774 9674 97% 97% Real Silk ~ ... ... , 25% Rem Rand 23% ... 23% 2374 Sears Roebuck..! 83 74 8274 83 8274 Union Carbide ..13974 139 13974 139 United Drug .. 194 ... 194 193% Unlv Pipe 2474 ... 24% 24 USC f P .... 217 ... 217 217 U 8 In AIC .... 103% 103% 10374 10374 Woolworth .... 181 180% 181 180 Utilities— A T and T 17874 17874 17874 178% Amer Express... 172% Am W W .. 58 ... 58 57% Brklyn Man T.. 5374 ... 537* 54 Col G and E ... 91 ... 91 9074 Consol Gas .... 122V* ... 121% 121% Elec P and L.. 33% 3274 33% 32% Interboro 3274 3174 32 3074 Nor Am Cos .... 61 ... 607* 6074 Man Elec Ry ... 42 ... 42 43 Peoples Gas ... 163 Phila Cos 151 St G and E ... 5974 597* 59% 5974 Util Power 29 Western Union.. ... .... ... 169 Shipping— Am Int Corp .. 83% 82 74 83 % 83 74 Am Sand C .... 4 ... 4 4 Atl G & W I 4074 Int M M pfd 4374 United Fruit ... 33874 Foods— Am Suv Ref 747* Am Beet Sug 1674 Austin Nichols .. 6 ... 5 574 Beechnut 72 Cal Packing .... 74 ... 7.4 747* Corn Prods .... 6774 ... 66% 67 Cuba Cn Su pf.. 31 ... 31 31V* Cuban Art Bug 32% Fleisch.nann .... 69% 687* 69 69% Jewel Tea 81 ... 81 8? Jones Bros Tea 3574 Natl Biscuit .. 16374 16274 163 163% Punta Alcg 32% Postum.Co 12474 124 124 12474 Ward Bak B ... 27 ... 27 2774 Tobaccos— Am Sumatra ... 62 61% 62 617-4 Amer Tob 165% Amer Tob B 166% ... 166% 167% Con Cigars 81% :<l% t'l% 81% General .Cigar .. 67'4 ... 67% 6774 Lig & Meyers,. 119% ... 1197* 119'% Lorillard 37 ... 3674 36% 5 Reynolds . 15774 ... 157% 157% Tob Prod B ... 108 10774 107% 108 United Cigar St 33 32% 33 74 32Va Schulte R S ... 53% 51% 53% 52

In the Sugar Market

(By Thomson & McKinnon) NEW YORK, Jan. IS.—According to pri-vate-reports from Cuba something definite sevms to be at hand in regard to sugar restriction. A policy of the Government Is about to be announced, but inasmuch as such rumors have been heard before the disposition is to await official confirmation. That appears to be the attitude of the future market at present although the mere rumor of settlement Wednesday was responsible for a firmer feeling. B,y United Press NEW YORK, Jan. 19.—Sugar futures opened up 1 to off 4. January. 2.60 bid; March,. 2.68; May, 2.76; July, 2.83; September, 7.92; December. 2.97. Railroad Loses Fight By United Press RICHMOND, Va., Jan. 19.—Preferred stockholdes of the Southern Railway lost today their fight for a pro rata share in dividends declared on common stock in excess of 5 per cent cn surplus profits. The Virginia Court of Appeals ruled against Arthur Lyman and other stockholders who brought the suit.

BULLISH NEWS CONTROLS PITS IN CRAIN MART Fractional Advances Made in All Classes on Chicago Board. B,y United Press CHICAGO, Jan. 19.—The bulls had the news all their way on the Chicago Board of Trade today, and all grains advanced fractionally. Late in the day wheat was % to % cent higher: corn made about the same advance, and oats was around *4 cent higher in sympathy. Trading was light. Strength at Liverpool, combined with moderate export business, gave the wheat market a firm tone, and with lack of bearish pressure, the upturn was steady. Unfavorable belt weather and sudden strength at Buenos Aires sent com into an early advance that held all day. Rain was reported over most of the com belt. Roads probably will be blocked and the country movement checked for a few days. Indiana and Ohio points reported purchases of corn here for feeding purposes. Oats gained a fraction on reflected strength from other pits and held the advances. Cash oats went 74 cent higher. Provisions worked higher, • Chicago Grain Table —Jan. 19— WHEAT— Prev. High. Low. 12:00. close. March 1.3074 1.29% 1.30 1.29% May 1.3174 1.30% 1.31 1.30% July 1.2774 1.26% 1.27 1.2674 CORN— March 91 .. .9074 .91 .9071 May 93 74 .92% .93 .92 % July 94% .93% .9474 .93% OATS— March 5574 55 .55% .55% May 56% .5674 .55% .56% July 52% .5274 .52% .52% RYE— March 10974 1.087* 1.09 1.08% May 1.09% 1.09 1.0974 1.08% July 1.0474 1.03% 1.0474 1-03% LARD— Jan 11.92 11.92 11.87 May 12.22 12.20 12.15 July 12.45 12.40 12.45 12.77 RIBS— Jan 10.90 May 11.42 By Times Special CHICAOO. Jan. 19—Carlots—Wheat, 11; corn. 78; oats. 54; rye, 1.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples; Jonathans. $8.50®9; Bellflowers, *7.50: Grimes Golden, $9; R. I. Greenings. $8: Kings, SB. Barrel apples: Grimes Golden, $7.50: Bellflowers $6; Baldwins. $6; Wagners. $5.75646; Jonathans, $5.50: Wlnesaps, $6. Box apples: Delicious. $4(5:4.75: Grimes Golden, $2.5042 3.50: Jonathans. $3.25; Staymens. $3.75. Fancy basket apples (40-lb. baskets); Jonathans, $2.50(5>2.75; Grimes Golden. $2.75; Delicious. $3.25; Wolf River, $2.50; Senator. $2.50; Kings. $2.75; Northern Bpy. $3; Baldwins. $2.50; Rhode Island Greenings. $2.75. Basket apples: Grimes Golden, $2.50; B grade, $2.25; Staymens. $2.50; B grade, $1.70: Jonathans. $2.50; 20-ounce Pippin. $2.50: York Imperial, $2.25; cooking apples. $2. Bananas— 6@Bc lb. Cranberries—s7.so quarter barrel. Grapefruit—Florida, *4.75®5.50 crate. Grapes—California Emperors. $6 Keg; California Malagas, $8 per keg; $2.40 basket. Kumquats—Florida, 25c quart. Lemons—California. s6® 7 crate. Limes—Jamaica. $3 per 100. Oranges California navels, 84.25® 6 crate; Florida. $4.50(5.5.50 crate. Pears—Washington Bose. $6,50 per box: Washington D’Anlous, $6.50 per box. Strawberries—Florida, $1 quart. Tangerines—Florida. $3.75®4.35 a crate. VEGETABLES Artichokes—California, $3.25 per dozen. Beans—Southern. $3.75 hamper. Beets—sl.2s bu. Brussels sprouts—3oe lb. Cabbage—H. G„ 2®2%c lb. Carrots—sl.2s bu. Cauliflower—California. $2.25 crate. Celery—California, $6.50. 8. 9 and 10doz. crates; Florida. $3.75 crate. Celery cabbage—sl.so doz. Cucumbers—Hothouse. *2.50 doz. Eggplant—H. G.. $2.25 doz. Endive—sl.2s doz. Kale—*2 barrel. Leek—soc bunch. Lettuce Arizona, head, 84@5 per crate; hothouse leaf. 15c lb. Mushrooms—sl.so, 3 lbs. Onions—Spanish. $2.50(5 2.75 crate; Indiana whjte. $2.75 100-lb. bag; Indiana yellow or red, $2.50 cwt. Oysterplant—soc doz. Parsley—6oc per doz. bunches; Southern, 90c. Parsnips—sl.so bu. Peas—California telephone. $9.50 hamper. Peppers—Florida mangoes, $4.50 crate. Potatoes—Michigan white, $3.10 150 lbs.: Minnesota Russets, $2.60 120 lbs.; Minnesota Red River Ohlos, $2.40 120 lbs.; Idahos, $2.75 cwt; Texas Triumphs, $3.50 per hamper. Radishes—Hothouse buttons, sl.lO doz. bunches. Rutabagas—sl.7s per cwt. Shallots—7sc doz bunches. Spinach—H. G.. *1.25® 1.50 bu. Sweet Potatoes . Indiana Jersey mediums. $2 bu.; Indiana Jerseys, $3 bu.; Nancy Hall, *1.75 hamper. Tomatoes—Hothouse. $3.50 per 10 lbs.: California, s6@7, 6-basket crate; Cuban, $4 crate. Turnips—H. G.. 85c bu. MISCELLANEOUS Cider—s4.so, 6-gal. case; $4.75 doz. %- Cocoanuts— *6 per 100. Garlic—3oc per lb. Oysters—Standards. *2.50 gal.; selects, $3 gal. Squash—Hubbard. $4®4.50 barrel. By United Press CHICAGO, Jan. 19.—Green fruits: Apfles. $7(511 per barrel; cranberries, sl4® 4.50 per box.

Local Wagon Wheat

Local grain elevators are paying $1.33 for No. 2 red wheat. Other eraaes are ourchased on their merits.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Jan. 19.—We suppose that most of you feel like we do about the publicity given to the matter of brokers’ loans, a purely financial question that should be left to the good sense and conservatism of our bankers whb are familiar with it and know best how to handle it and solve any problem that might be involved. Making a political issue of such a subject is, to say the least, disturbing. It is disturbing to the same extent that the noise on the street during the night disturbs our sleep. The noise usually is the extent of the damage. The ABC lesson in finance is that the borrower is entitled to such amount as his capital warrants and the bank lends such amount as the laws permit. When we are in doubt we may always go to one place where we are certain to get a correct answer and that is the stock market. The stock market is telling us its own story, a story of readjustment, stocks seeking a level to attract the investor. Indications are that it must sag further to reach that level. French Bank Reduces Rate Bii I nited Pu ss PARIS, Jan. 19.—The Bank of France today reduced its discount rate from 4 to 3% per cent, and its rate on advances from 6 to 5% per cent.

THE INDIANAPOLIS TIMES

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, Jan. 19.—Traders were scrambling for contracts as the market closed Wednesdav. We feel that speculatively held cotton is no longer a threat to the market. We will put it even stronger .and say that technically the market could easily advance, but as the general run of the news will continue adverse for the present, our advice Is to proceed upon the theory that you are in a trading field. By United Press NEW YORK, Jan. 19.—Cotton futures opened irregular. January. 18.75, off .2; March, 18.72, up .2; May, 18.70; July, 18.59; December, 18.04, up .7. Bound Over

—Photos by Bert Persott.

Walter Steagall (above) and Charles Ashley Charles Ashlpy, 19, of 214 Beauty Ave., and Walter Steagall. 17, of 1249 S. Pershing Ave., waived preliminary hearing on robbery charges before Municipal Judge Clifton R. Cameron Wednesday and were held to the grand jury under $2,000 bonds. The youths, arrested Tuesday night by Sergt. Walter Coleman, told detectives that they started their two-hour bandit career in order to get money to buy food. Ashley said that he and his mother, who is sick, had not had any food all day Tuesday. Steagall said he lives with an aunt, and was unable to get a job. With a revolver, which they claimed was unloaded, they attempted to hold up two men, but neither had enough money. One of the victims reported to Sergeant Coleman, who arrested them.

INVESTMENTS GROW American Money in Cuba Passes Billion and Half. By Times Special NEW YORK, Jan. 19.—Investment of United States capital in Cuba, which dates back to the days of the country’s political independence and which has recently been stimulated by the growing importance of the island as an international tourist resort, has passed the billion and a half mark and is steadily growing, according to cabled reports from the Cuban Chamber of Commerce received here today. The aggregate of $1,505,000,000 is more than the United States investment in any other Latin-American country and represents 90 per cent of the total foreign investment in Cuba at the present time. The bulk of the entire investment is confined to the development of Cuba’s principal industries—sugar, tobacco, real estate, railroads, public utilities—and in the purchase of Government bonds. Over half of the total, $800,000,000, Is concentrated in the Cuban cane sugar industry which controls about 80 per cent of tl*p world’s output of this product, and Is represented in lands, plants and refineries on the island. Births Girls William and Lucide Farrell, St. Vincent’s Hospital. Michael and Marie Tamer, St. Vincent's Hospital. James and Minnie Farley. 523 Bernard. Edward and Hilda O’F.iley, 1684 W. Harfclgar and Eva Hump, 523 Marion. John and Mattie Mahomes, 911 W. Twen-ty-Sixth Frank and Magdalene McCalley, 238 N. Oxford. Merrill and Dorothy Dodd, 230 S. La Salle. Earl and Virginia Sharkey, 109 W. St. Clair. Gall and Rena Showalter, Methodist Hospital. Julius and Phyllis Schultz. Methodist Hospital. Boys Verne and Louise Young, 1124 Pleasant. Edward and Louis? Bryan, 1116 N. Capitol. Martin and Mary Parrish, 1244 N. Pershing. Alva and Leila Reynolds, 1243 Bellfontalne. Henry and Ruth Fields, 2813 N. Gale. Leroy and Edith Smith, 323 E. Ohio. Albert and Margaret Davis, 433 W. Seventeenth. 1 Garfield and Emma Bertram. 131 8. Catherwood. David and Louise Harrington, 34 S. Addison. Theophllsu and Lula Murray, 554 Marlon. Frank and Petri na Minardo, 525 E. Warsaw. Donald and Virginia Frazee, Methodist Hospital. Lloyd and Esther Miles, Methodist Hospital. Deal and Eugenia Sanders, 133 W. Nineteenth. Donovan and Margaret Davis, 2343 Shelby. Building Permits. Jakey Alter, dwelling and garage, 820 North View. *5,200. W. L. Stace. dwelling and garage, 4105 E. Eleventh, *3.600. Bumet-Benford Lumber Company, furnace, Thlrtkth and Canal, SSOO. Albert Glfflden, furnace, 156 S. Emerson, $225. L. P. Rassmussen, furnace,. 2609-11 N. Harding. $260. \ L. P. Rassmussen furnace, 2605-07 N. Harding, $260. G. C. Pittman, addition, 2649 Northwestern, SSOO. Ed. Nevlne, addition. 1833 W. Washington, S3OO. J. Yaverowitz, dwelling and garage, 1123-25 W. Twenty-First, $3,200. D. W. Talmage. dwelling and garage, 1215 N. Drexel. $6,000. William Banks, garage, 810 N. Linwood, $305. Bert Buchanan, garage, 2955 Station, $306. Mrs. Bohenkamps, garage. 2126 S. East, $330.

PORKERS REST AT $8.65 TOP: FEWRECEIVED Vealers Take Increase at Stockyards Today; Others Steady. —Hog Price Range— Jan. Bulk. Top. Receipts, 12. 8.256 C 8.60 8.60 7.500 13. 8.50® 8.90 9.00 6.000 14. 8.50® 8 75 8.75 6,500 16. 8.25® 8.55 8.55 11,000 17. 8.25® 8.45 8.45 13,000 18. 8 25® 8.65 8.75 10.500 19. 8.25® 8 65 8 70 6,500 Porkers held steady at the Union Stock yards today after the 20-cent increase Wednesday, with the top at 58.70 per hundred pounds. Receipts were low* with only 6,500 fresh animals in the pens. There were 1,505 holdovers. Calves were strong to higher and other livestock was about steady. The Chicago opening was fully steady with the Wednesday best prices, a few loads of choice middle weights going at $8.40. Receipts were estimated at 50,000. Pigs Higher Heavy meat animals were unchanged at $8.50fa'8.65, but the top was 5 cents lower in the 200-250 pound class at $8.65'?/ 8.10. Middleweights, 160-200 pounds, were $8.50 <!?8.65, unchanged, as were 130-160 pound lightweights, which brought Pigs, 90-130 pounds, were 25 cents higher on the top at s7's'B. Packing sows were steady and sold at the same price as pigs. With the exception of beef steers, which were lower, the cattle market was steady today with 800 animals received. Beef steers were off cents at $10.50*113.25. Beef cows brought s7® 10 and low cutter and cutter cows went at $5®6.25. Bulk stock and feeder steers were $7.50@9. Calves Higher Best vealers were up 50 cents at $14,504(15.50. Heavy calves were unchanged, selling at $6.50® 10. Receipts were estimated at 600. The sheep and lambs market was unchanged with 400 animals in the pens. The top was quotable at $13.25. Bulk fat lambs brought sl2 @l3 and culls sc Id at s7@lo. Bulk fat ewes were $4 •/ 6.50. Hogs— Receipts. 6,500; market, steady. 250-350 lbs $8.50® 8.65 200-250 lbs 8.65® 8.70 160-200 lbs 8.50® 8.65 130-160 lbs B.oo® 825 90-130 lbs 7.00® 8.00 Packing sows 7.00® 8.00 —Cattle Receipts, 800: market, steady to weak. Beef steers slo.sofff 13.25 Beef cows 7.00®10.00 Low cutters and cutter cows .. 5.00® 6.25 Bulk Stocker and feeder steers 7.50® 9.00 —Calves— Receipts. 800: market, lower. Best vealers $14.00® 15.00 Heavy calves 6.50® 10.00 —Sheeo and Lambs— Receipts. 400; market, steady. Best vealers $14.50®15.50 Bulk fat lambs 12.00®13.00 Bulk cull lambs 7.00®10.00 Fat ewes 4.00® 6.50 Other Livestock flu United Press CHICAGO. Jan. 19.—Cattle—Receipts. 9.000; better grade feeding steers very slow at Wednesday's decline; lower grades medium active, fully steadv: she-stock steady to strong: bulls 10® 15c higher: vealers mostly 50c higher; short weight feeding steers selling at sl4 downward to sll. predominating in run; best earlv. sl7: shipper demand very narrow: heavy sausage bulls up to $8.65: light vealers to big packers, mostly $15®14; shippers, $14.56® 15: few. $15.50. Sheep—Receipts, 13,000: fat lambs opening fairlv active, 15 ® 25c higher than Wednesday; choice light handywelght lambs held around *13.75® 13.85; early bulk better grade 83-90-lb. lambs, $13.25®13.65; good and choice 92-98-lb. weights, largely *12.50® 13.25; extreme weights rejected from loads, *11.75 6/12.25; weighty buck lambs up to $11.50; light native throwouts, $10.75® 11.50; sheep steady: good and choice 115-130-lb. ewes, $7®7.25: feeding lambs steady; choice mediumwelght feeders. sl3. Hogs (soft or oily hogs and roasting pigs excluded) Receipts. 50.000; market steady to unevenly 15®25c higher; spots up 50c; heavyweight 250-350 lb. medium to choice, $8.10®8.45; mediumwelght 200-250 lb. medium to choice. $8.25®8.45; lightweights. 160-200-lb common to choice. $7.75®8.45; light lights, 130-160-lb. common to choice, *7.25®8.35: packing sows, smooth and rough. *6.90® 7.60: slaughter pigs, 90-130-lb. medium to choice. $6.75®8. By United Press PITTSBURGH. Jan. 19.—Hogs—Receipts. 3.000; market, fully steady; 250-350 lbs.. 58.60®8.90: 200-250 lbs., $8.90®9; 160-200 lbs., $8.95(f) 9: 130-160 lbs.. $8,254,9; 90-130 lbs., $7.50®8; packing sows. $6.75®7.25. Cattle—Receipts. 150. Calves—Receipts. 100; market steady: calves, strong: beef steers. *11.504,15; vealers, $14.50® 16.50. Sheep—Receipts. 500; market, strong; top fat lambs. $13.50: bulk fat lambs, $12.50® 13.50; bulk cull lambs. $9.50®11. By Times Speeiul LOUSIVILLE. Jan. 19.—Hogs—Receipts, 700; market 10c higher; mediums and heavie’S, $8.204,8.60; pigs and lights. $6.20 @7.45; throwout and stags. [email protected]. Cattle—Receipts. 200: market steady. Calves—Receipts. 200; market steady; good to choice, $11.50®13.50; medium to good, $94611.50; outs. $9 down. Sheep—Receipts, 50; market steady: top lambs. sl2® 12.50: seconds, s7®9: sheep, s4<®6. Wednesday shipments: Cattle. 116; calves, none; hogs, none; sheep, none. Bjt United Press CLEVELAND. Jan. 19.—Hogs—Receipts. 3,500: market 10c down; 250-350 lbs.. $8.65 4 9.75: 200-250 lbs.. $8.60® 8.75; 160-200 lbs.. [email protected]; 130-160 lbs.. $7.504,8.75: 90-130 lbs., $7.25® 7.50; packing sows. $6.75® 7. Cattle—Receipts. 250; calves, receipts 250; market steady; beef steers, [email protected]; beef cows. $6.75@9; low cutter and cutter cows. $4.50®6; vealers. $144, 16.50. Sheep —Receipts. 2,000; market, lambs 254,35 c up; top fat lambs, $13.85; bulk fat lambs, $13.25® 13.75; bulk cull lambs, $10.50® 12; bulk fat ewes, ss®7 . B,a United Press EAST BUFFALO. Jan. 19 —Hogs Receipts. 1.600: holdovers. 1.246; market steady; 250-350 lbs.. $8.25®8.35; 200-250 lbs., $8.754,9.25: 160-200 lbs.. [email protected]: 130-160 lbs., sß@9; 90-130 lbs.. $74,8; packing sows, $7 @7.75. Cattle—Receipts, 250; calves, receipts 50; market steady, calves steady; low cutter and cutter cows. $4.50®6.50; vealers. $164, 16.50. SheepReceipts, 100; market nominally steady; bulk fat lambs, [email protected]; bulk cull lambs. $11®12; bulk fat ewes, [email protected]. Deaths Bvron J. Bean. 34, 433 S. Warman, chronic myocarditis. Walter C. Pruitt, 30, city hospital, lobar pneumonia Mary Schutt, .87, 32 N. Rural, lobar pneumonia. Lou E. Rigg. 80, 1841 N. Dearborn, coronary thrombosis. ' Alice L. Helner ,77, 216 Hendricks PI., broncho pneumonia. Charles H. McCabe, 57, 3109 W. Washington .acute cardiac dilatation. Minnie Schuerman, 48, 347 Prospect, acute dilatation of heart. Mary Byrd, 62, 1004 Oliver, carcinoma. Charles Kelly. 84. 1215 E .Sixteenth, acute cardiac dilatation. Frank Cummings, 64, Central Indiana Hospital, general paralysis. Bertha Jennett Riedel, 42, Long Hospital, bronchial asthma. Thomas H. Moss, 74, Methodist Hospital, uremia. Ida Meier, 72. 35 N Drexel, acute dilatation of heart. Sarah Anne Giesh, 78. 6153 BeUefontatne. acute dilatation of heart. Nathan Meyer. 81, 3761 N. Meridian, chronic myocarditis. Earl Glenn Osoorne, 37, Thirtieth and Rader, accidental. Edward Albert Daily, 49, 2938 Brookside, pulmonary tuberculosis. Fritz Warman. 36, St. Vincent's Hospital. general tuberculosis. Lillie Leeman. 58, Methodist Hospital, chronic nephritis. Marriage Licenses Arthur L. Parker, 32, of 1330 W. Market, and Ethel Long, 23, of 110 Minker, housekeeper. Orval G. Shotts, 35, of 541 E. New York, city employe, and Loretta M. McCoy. 17. of 541 E. New York. Harry Kleis. 39. of 31 E. Orange, accountant. and Mayme Duhadway, 31, of 2142 N. Delaware, housekeeper. Edward Crabtree. 26, of 1034 W. Walnut, laborer and Edith R. Drake, 20, of 449 Minerva, housekeeper.

City News Told Briefly

FRIDAY EVENTS Indianapolis Commercial Secretaries Association meeting. Board of Trade, all day. Roxnna Petroleum Corporation sales convention, Severin. all day. Indianapolis Parent-Teacher Associations. Institute. Lincoln, all day. Seventh District Federation of Women’s Clubs, Severin. 10 a. m. Indiana Bakers Association, luncheon, Severin. Master Printers Association, luncheon, Elks Club. Optimists Club, luncheon, Claypool. Exchange Club, luncheon, Lincoln. Knights of Columbus, luncheon, Spink-Arms. Delta Tau Delta, luncheon, Board of Trade Phi Delta Theta, luncheon. Chamber of Commerce. An invitation has been received by Governor Ed Jackson to attend the fifth annual dinner and business meeting of the Chicago Regional Planning Association at Chicago Tuesday night. Lor&do Taft, sculptor, will be toastmaster. Dan Sowers, national director of Americanism for the American Legion, addressed the luncheon of the Caravan Club today at the Murat Temple. Galla-Rini, accordion player appearing at Keith's, gave several selections. Judgment of $50,000 is asked in a damage suit filed by Albert L. Kopf, Dayton, Ohio, against Melvin L. McCreary, Indianapolis, in Federal Court Wednesday. The complaint charges Miss Kopf was permanently injured In an automobile accident on State Rd. 3 when McCreary failed to stop before crossing the highway at Post Rd. last August. William M. Myers, Rushville farmer, has filed a voluntary bankruptcy petition in Federal Court, listing liabilities of $1,942 and assets of $1,931. Lieutenant Patrick O’Connor raided the home of Forest Bradley, 2728 E. New York St. He arrested Bradley on a charge of keeping a gambling house and seven other men on gaming charges. A. Schonover, manager of the Barton Hotel cafeteria, 505 N. Delaware St., reported to police today that the place had been entered Wednesday night and $220 worth of meat and canned good taken. Entry was made by removing the glass from the back door. O. J. Emmons reported to police that someone entered his pool hall at 1655 N. Alabama St., between midnight and 8 a. m., today and stole a slot machine valued at $250, which contained S4O cash; $5 in

AMUSEMENTS

ENGLISH’S f 1 TONIGHT—FRIDAY Si SATURDAY \ Mat. Sat. MOSTMOMBLe M I*l OfTHS YmC WJMf and chorus of MHC/NO YOUTH Nlte, sl.lO to $3.30. Mat., 50c to $2.75

Mon., Tues., Wed., Jan. 23-24-25 Matinee Wednesday If You Liked "Seventeen” and "Clarence” Don’t Miss “TOMMY” A Hilarious Domestic Comedy 8 Months N. Y., 4 Months Chicago Eve., 50c to $2.75. Mat.. 50c to $1.65 Seats Ready Today

IKIITHSI

PI yT NOW PLAYING fesfe \ | WITHERS OPRY y r? fctveoty on {he ok! time wiely. TORINO | IRONIN' & HART MAYO & LYNN EXTRA ADDED FEATURE GALLA-RINI & SISTER Brunswick Recording Artist REGINALD DENNY” In His Great Comedy “ON YOUR TOES”

ar

JAMES BURKE and ELEANOR DURKIN ‘lf I Could Only Think” CAL DEAN and GIRLS ‘‘Comedy ala Musique” FRIDKIN & RHODA CO. Presenting a Symphony in Music and Dance. AND OTHER BIG NEW ACTS.

Daily Pipe Organ Recital by Ruth Noller starts 12:40, noon. Doors open at 12:30 o’clock.

MURAT WEDNESDAY EVE., Jan. 25 Delta Gamma Sorority Presents MARY GARDEN Seats at Murat Box Office Now

MUTUAL

BURLESQUE THEATRE "HOLLYWOOD SCANDALS” WITH Buddie Harrison AND YOUTHFUL, SNAPPY CHORUS

change and sls worth of cigars and tobacco. Annual banquet of the Indianapolis Real Estate Board will be held at 6:30 tonight at the Marott Hotel. Dancing for prizes will follow the dinner, with music by Russ Holler’s orchestra. More than 200 board members and their wives are expected to attend.

WAR VETERAN DIES Father of Dry Chief to Be Buried Near Needham. David Winkler, 79. father of Chief Deputy Dry Administrator George Winkler and a veteran of the Civil War, died early today at St. Vincent's Hospital. He had undergone an operation for tumor about a week ago. Mr. Winkler had spent his active life on a farm in Johnson County. He enlisted in Company G, Thirteenth Regiment, Indiana Volunteer Cavalry, and fought throughout the Civil War. Two sons, George and the late Lieut. Fred Winkler, have been identified prominently with police work in Indianapolis for many years. Fred died last April. Another son, Charles Winkler, is employed by the Indianapolis Street Railway Company here. Besides the two sons, five daughters survive. They are Mrs. Dosha Denison of Indianapolis and the Mesdames Edward Owens, Eliza Campbell, William Gallagher and Clarence Stinson, all of Johnson County. The body was sent to Franklin, Ind„ today. Funeral services will be at 2 p .m. Saturday at the Christian Church at Needham, Ind. Burial will be in the Second Mt. Pleasant cemetery there. Moskovics Will Speak BLOOMINGTON, Ind., Jan. 19. Students of the Indiana University school of commerce and finance will be addressed at a dinner tonight by F. E. Moskovics, president of the Stutz Motor Car Company, Indianapolis.

MOTION PICTURES

iQtlpjoMfOp MARION DAVIES and Conrad Nagel In Sir Janies Barrie's “QUALITY STREET” * * * * Sennett comedy Special, “Tlie Girl From Everywhere”; Fox News; Ray VUnlngs; Emil Seidel’s Merrymakers.

STARTING SATURDAY’

LLOYD in “GRANDMA'S BOY” XloyiTg Hit

eggaS

LILLIAN GISH NORMAN KERRY In ‘‘ANNIE LAURIE” E. D. Horton Comedy CONNIE and Ills BAND

This Week at the C ■ R.C LE

LEWIS STONE MARIA CORDA “The Private Life of HELEN of TROY” The wisest wise-cracking comedy Overture, “ MIGNON” AL and JACK RAND ED RESENER, conducting Those Dancing Parsons Ruth Rainier Nessler, harpist Vitaphonc —Newt

? \\ Tj' LECTRIC DISPATCH FREIGHT fIT j I j \ gives express service to nearly all 1 \ : - | : points on HOURLY schedules. Shipments |il 3 :i \ : are handled on passenger cars, giving the llt i ■\ W fastest, most modern method of freight 1 ifU \\ \ transportation. & | 11 . UNION TRACTION Electric Dispatch 111 I ? Freight offers Indianapolis shippers this special 3 ; r service to hundreds of |>oints in Indiana, Ohio and 3 IJg f i | southern Michigan. Call MA in 6192 for full in- |if |

.JAN. 19, 1925

BUYS INTEREST IN STOCKYARDS New Firm to Purchase Minority Stock in Yards. Bu United Press CHICAGO, Jan. 19.—Minority interests in stockyards in several cities will be purchased soon by the General Stockyards Corporation, a new firm organized to buy the stock as an investment, an official of the Stone & Webster & Blodgett, Inc., told the United Press today. He denied reports that the stock purchase constituted a merger and insisted the new company would make no attempt to obtain control of the yards. It is planned tentatively, he said, to purchase interests in yards at Ft. Worth; St. Louis; Sioux City, Iowa; Louisville, Ky.; St. Paul, Minn., and Toronto, Canada. Stone & Webster & Blodgett, in conjunction with Bosworth, Chanute, Lockridge <fe Cos., Denver, Is negotiating the pui'chase, he said. The official, who asked that his name be withheld, said reports that the deal was being negotiated because of a desire of packing companies to relinquish stockyards control under pressure of the Federal trade commision were baseless. PRESBYTERIANS CONFER Stated Clerk of General Assembly Addresses Ministers. Power of the church in the destiny of the republic was emphasized by Dr. Lewis Seymour Mudge, Philadelphia, stated clerk of the General Assembly of the Presbyterian Church, in a talk to representatives of the eight Indiana presbyteries in the Meridian Heights Presbyterian Church, Wednesday night. Pointing out that the church in America in the past had been a civilizing agency, like the school and courthouse, he urged that it go forward to greater accomplishment in the future. - More than 100 delegates, most of whom were ministers, attended the Indiana synod meeting throughout the day.

MOTION PICTURES

fi. INDIANA MADGE BELLAMY ■>- "SILK I HEARTS AND HOSIERY IN A MADCAP ROMANCE First Times Anywhere Boris Petroff’s "RAINBOWS” A PUBLIX REVUE PRODUCED AT INDIANAPOLIS n ith CHARLIE DAVIS AK,,TH ' Indiana Band Pall Mall Freddie &. Eddie Lyndom & Farnum Jean Geddes Effie Martin Three Glowworms PetrofT Girls COMING SATURDAY MAE MURRAY IN PERSON