Indianapolis Times, Volume 40, Number 131, Indianapolis, Marion County, 22 October 1928 — Page 12
PAGE 12
WHEAT WORKS LOWER; CORN PRICES HIGHER Heavy Stocks on Hand and Optimistic Reports Slow Market. By United Press CHICAGO Oct. 22.—Oppressed by record-breaking stocks in North America and predictions of good crops in foreign countries, wheat worked lower today on the Board of Trade. The tone in corn was optimistic and prices advanced. Oats were irregular. Wheat opened *4 to %-cent lower, corn was up % to %-cent and oats ranged from %-cent up. Provisions were slightly lower. A good increase in the visible ■wheat supply is expected today with total supplies in the United States estimated at about 130,000,000 bushels, the largest stock on record at this time of year. The movement in Canada and the northwest has become lighter, but storage room is small. Total corn stocks are about 2,500,000 bushels compared with 22,000,000 bushels at this time last year. The corn belt has heavy rains over the week-end. Cash interests have been selling December oats and buying May, but little new business has developed. B,y Times Special • CHICAGO. Oct. 22.—Carlots: Wheat. 62; corn. 32; oats. 42; rye, 7.
Commission Row
PRICES TO RETAILERS FRUITS Apples Grimes, $2.25 bushel. winter Bananas—[email protected]. Cantaloupes—Colorado pink meats, $1.25 flat crate. Cranberries —$4.25, 25 lb. box. Grapes—California Malaeas. 51.50 crate; seedless. $2.50; concord. 30c a five-lb. basket. Grapefruit—ss.7s@6 crate. Huckleberries—Michigan. $6.50@7, 12 at. basket. Lemons —California. [email protected]. Limes—Jamaica, [email protected] per 100. Oranges—California Valencias, $7®9.25 crate. Pomegranates—s3 crate. Peaches—Albertas, $2.25. Persimmons—Japaneses, $2.75@3; Indiana, $1.50 a box of 12 pints. Pears—Washington, per box. $3.50; New York Bartletts. $3. Plums—California. s2@3 bushel. Watermelons —40® 60c each. VEGETABLES Artichokes—sl.so a dor. Beans—Southern stringless, $4 bu. Cabbage—Fancy home-grown. $2.50 bbl. Cauliflower—California. $3 crate. Celery—Michigan. $1 crate. Cucumbers —Indiana hothouse, home grown. $1.50 dor. Eggplant—s 2 dor. Kale—Spring. $1 bu. Mustard—Fancy home grown, $1 bu. Okra—Tennesse. si.so basket. Onions —Home-grown yellow. $2<g2.25. 50 lbs., Utah, large. $4.50 per crate. Parsley—Home grown 50c doz. bunches. Peas—California, s7@B 45-lb. crate. Peppers—Home-grown Mangoes, $2. Potatoes—Michigan round whites, $2.25 150 lbs.; Ohio, $1.50, 120 lbs. Radishes—Hothouse. Button. 50c dozen bunches. . Spinach—Fancy home grown, $1.25® 1.50 bu. •Tomatoes—Home grown, $3.50. Cocoanut —$6.50 per bag of 100. By United Press CHICAGO, Oct. 22.—Apples, [email protected] per bbl.; peaches, [email protected] per bu.; pears, [email protected] per bu.; plums, [email protected] per bu.
Produce Markets
Butter (wholesale price!—No. 1. 50@51c: No. 2. 46li(ft 48c. Butterfat, 48@49c. Cheese (wholesale selling prices, per pound*—American loaf. 35c; pimento loaf, 37c: Wisconsin flat. 28c; prime cream. 27c: Daisy. 27; Longhorn, 28c; New York Limberger. 30c. _ . . „ Eggs—Buying prices: Fresh delivered at Indianapolis, loss oft. 33® 34c. Poultry (buying prices)—Hens. 23@24c; Leghorn'hens,' 18<®19c; 1928 spring, large breed. 2 lbs. and up. 22@23c: 1 to 1% lbs., large. 21®22c; old roosters, large. 12c small, 10@13c: ducks, 12@15c; geese, 8® 10c; guineas, young. 40c; old 30c. By United Press CHICAGO, Oct. 22.—Eggs—Receipts. 7,223 cases; extra firsts, 37*/i®3Bc; firsts, 340 37c; ordinaries. 28@32c; seconds, 24@ 27c. Butter—Receipts, 7,796 tubs; extras, 46c: extra ,„sts, 45@45Vac; firsts. 43@44c; seconds 41®42 , 5c; standards, 45‘/ic. Poultry—Receipts. 6 cars; fowls, 18@27>/2c; springs. 18@27c; Leghorns, 21®22c; ducks, 17ft 25c: geese, 21 fa 22c; turkeys, 25® 30c; roosters. 20c. Cheese —Twins, 24c; young Americas, 24%@25c. Potatoes—Arrivals, 213, on track 488. in transit 1,248; Wisconsin sacked round whites, 65(ft;90c; mostly 75® 80c; Minnesota and North Dakota sacked round whites. 70® 90c; mostly 75680 c; Red River Ohios, 90® 95c; South Dakota sacked Early Ohios. 80® 90c; Idaho sacked Rurals, $1.25; sacked Russets. $1.75 @1.90; few. $2. Bp United Press NEW YORK. Oct. 22.—Receipts. 5,254; creamery, extras, 47c; special market, 47’ft!@48c. Eggs—Steady; receipts. 4,453; nearby white fancy, 65@69c; nearby state whites, 33@64c; fresh firsts, 29’/2<®3sc; western whites. 33@48e: Pacific Coasts, 37@67V2C; nearby browns, 33®. 57c. EGG AND BUTTER FUTURES By United Press CHICAGO, Oct. 22.—Futures close on the Chicago mercantile exchange. Eggs— Refrigerator standards: November, 29 1/ 4C; December, 29V2C. Butter —Storage standards; December, 45c; January. 45'/ s c. * Births Boys Clarence and Clara Cronberg, 5636 Guilford. William and Leola Smiley, 1919 West Walter and Dottle Maneul, 1029 S. Tremont. Alva and Hazel De Pee, 822 East Maryland. John and Wilma Hedges, 5176 Hovey. Quincy and Josie Green, 609 Cleveland. Waldo and Dorsey Brown, 1128 Comar. Elmer and Dorothy Striebeck, 1801 George and Kathryn Willmann, St. Vincent hospital. Phillip and Mary Vickery, St. Vincent hospital. George and Sylvia Dan, 438 Court. Girls John and Mildred Pridemore, 2016, Valley. Roger and Mammie Reed, 1905 Luther. Archer and Nora Aggers, 1325 S. Per*hVictor and Cecelia Hammerle, 233 N. Summit. Chester and Opal Bunderent, 2617 Highland place. ... Edward and Annette Prosser, St. Vincent hospital. Raymond and Helen Orr, St. Vincent hospital. ... Elmer and Wayne Holmen, St. Vincent hospital. Deaths William E. Meyer, 57. 4416 East Michigan, lobar pneumonia. _ , Carrie Dunn, 63, city hospital, chronic myocarditis. Jennie E. Clapp, 57, 1740 North Goodlet, cerebral hemorrhage. Hiram Casey Terry. 77, 2201 Barrett, chronic myocarditis. Olga Krauch, 73, St. Vincent’s hospital, carcinoma. Josephine Phillips McHenry. 78, 1825 North Pennsylvania, hypostatic pneuMsrtha E. Le Fevre, 74, 72 South Audubon road, acute myocarditis. Lula Morton, 42. Christian Hospital, acute cardiac dilatation. Joseph iteming. 75, 1438 West Ohio, cerebral hemorrhage. Catherine Deal Walker, 33, 1818 East Eleventh, toxic goiter. Peter Barker, 77, city hospital, chronic nephritis. Charles H. Brittain, 64. 1108 East FiftySixth, apoplexy. Nellie Brown, 58, St. Vincent’s hospital, carcinoma. Robert F. McDonald, 57, city hospital, carcinoma. Infant McKinney, city hospital, premature birth. , . . Charlotte Hizer, 20, city hospital, thyrotoxicosis. Stella Catherine McKeand, 66, 1744 Olive, chronic myocarditis. Larle L. Michael, 63, city hospital, arteriosclerosis. Joseph Frank Campbell, 48, cty hospital, chronic appendicitis. SUGAR OPENING By United Press NEW YORK, Oct. 22.—Sugar future! opened steady. December. 2.05; aJnuary 2.07; March. 2.11, up .01; May. 2.18, ui .01; July, 2.26. up .01; September, 2.34.
New York Stocks , (By Thomson A McKinnon) **“
—Oct. 22 Prev. Railroads— High. Low. 12:00. close. Atchison 192% 192% 192% ... Atl Coast Line 163 Balt & Ohio ...111% 111 111 % 112% Canadian Pac ..216% 215 215 216% Chesa & Ohio ..186% 185 186 185 Ches Corp 68 % 67 % 68 Vo 67% Chi & N West.. 86% 86% 86% 86 Chi Grt West 13% ... C R I & P 133% 133 133 134 Del & Hudson 190 Del & Lacka 129 129 Erie 56% 56 56 56 Erie Ist pfd 56% 57 Grt Nor 101% 102% 111 Central 159% Lehigh Valley 97% Kan City South. 73 70'% 73 72 M K & T 45% 44 45% 44 Mo Pac pfd 119 118% 118% 119% N Y Central 176 175% 176 174'% N Y C & St L 125 124% NY NH & H.... 64% 64 64 64% Nor Pacific 102% 102% 102% 102% Norfolk & West 181% Pennsylvania ... 65 64% 65 64% Reading 103% 102% 103% 102'% Southern Ry 145’% ... Southern Pac ..122 121% 122 121% St Paul 34% 34'% 34% 35 St Paul pfd 51% 50% 51 51% St L & S W 114’% 113% 114% 113% St L & S F... .117'% 117% 117'% ... Texas & Pac 190 West Maryland 44% 43 44% 43 Wabash 78 Rubbers— Ajax 9 9 Fisk 11% 11% 11% 11% Goodrich 84% 83'% 84% 83 Goodyear 87% 84% 87% 84 Kelly-Spgfld 21% 31% 21'% 21% Lee 22 United States .. 41 40% 41 41
Equipments— Am Car & Fdy 90 Am Locomotive 92% 92 92% 93% Am Steel Fd.... 56% 55'% 56% 55 General Elec ..172 168'% 169'% 171% Gen Ry Signal 109% 109 109 109% Lima Loco ... 42'/* 42 N Y Airbrake .. 40% 39% 4040% Pressed Stl Car 22% 22 22% 22% Pullman 78% 78% 78% 78% Westingh Air 8.. 45% 44% 44% 45% Westingh Elec ..107% luff 1 /* 105% 107% Bethlehem 68'/s 67'% 67% 67% Colorado Fuel 65% * Crucible •• • j 4®, 8 Inland Steel .... 70% 70% 70% 71% Otis 32% 32% 32% 32% Rep Iron & Stl. 81% 80% 80Vs 82 U S Steel 162% 161 161% 161% Alloy 40 39 % 4040% Warren Fdy 33% 32% 33 34 Vanadium Corp. 80% 80 80% 79% Motors— • Am Bosch Mag.. 39 37% 37% 39 Chandler 20% 17% 20% 17% Chrysler Corp ..134% 132'4 138% 131% Conti Motors ... 15% 15 15 15% Dodge Bros 27% 28 Graham Paige .. 50% 46% 46% 50 General Motors.22o 218% 218% 218% Hudson 85% 84% 84% 85% Hupp 75% 74% 74% 75% Jordan 11% 10'% 10'% 11% Mack Mot 95 94 94 94 Moon 6% 6% 6% 6% Motor Wheel ... 37% 37% 37% 37% Nash ...X. 92’% 91 91'% 90% Packard 97 96% 96% 96% Peerless 20% 20% 20% 19% Pierce Arrow ... 24 25% Studebaker Cor. 82V* 82 82% 82% Stew Warner ...105 104% 104% 104% Eaton A*le 61% 60% 60'% 61% Timken Bear ...146'% 142% 144 142 Willys-Overland. 30 29% 30 30% Yellow Coach .. 38% 37’% 37% 37’% White Motor 37’% 37% Mining— Am Smlt & Rfg.27o 267% 267% 269 Anaconda Cop... 88% 87% 88% 87'% Calumet & Arlz.llß% 116’% 118 118 Calumet & Heda 44% 42% 43% . Cerro de Pasco.. 105% 102% 104% 102’% Chile Copper .. 58% 57'% 57'% 57'% Greene Can Cop. 134'% 132% 134% 130’% Inspiration Cop. 31 30'% 30'% 30% Int Nickel 184'% 174'% 174% 178% Kennecott C0p..114% 111% 114% Ill’s Magmo Cop 61% 59% 61% 59'% Nev Cons 31% 29% 31% 29'% Texas Gulf Sul.. 72% 72 72'% 72% U S Smelt 53% 52% 53% 52% Oils— Atlantic Rfg ...193 191% 192% 194% Barnsdall A 44% 43 43% 45% Freeport-Texas . 46 43 44 49'% Houston Oil 141'% Indp Oil & Gas 31% 30% 30% 31% Marland Oil .. 40% 39% 40 39% Mid-Cont Petrol 35% 35'/* 35% 35% Pan-Am Pet B 50% 49'/* 49'% 50% Phillips Petrol.. 43'% 42% 43% 42% Pro & Rfgrs 23% Union of Cal .. 54% 53 54 52 Pure Oil 26 26 26 26% Royal Dutch .. 63% 62% 62% 63'% Shell 29% 29'% 29 % 29% Simms Petrol.. 25 24% 24% 24’% Sinclair Oil ... 30% 29% 29'% 29% Skelly Oil 37% 36% 37 36% Std Oil Cal... 61% 61'% 61’% 61% Std Oil N J 46V* 45% 46% 45% Std Oil NY... 35% 35'% 35'% 35'% Texas Corp.... 67% 67 67% 67% Transcontl .... B'% 8% 8% 8% Richfield 49% 48% 49% ,48% Industrials— Adv Rumely 58 58% Allied Chemical 229% 229 229% 227 Armour A 18% 18% 18% 18% Amer Can 109'% 108% 108% 109'% Alaska J 7% 7 7% 7% Am H L pfd 34% Am Linseed 126'% 128 Am Safety Raz 68'% 69 Am Ice ... 41 41 Am Wool 19’% 19'% 19'% 19’% Curtiss 137 135'% 137 135% Coca Cola 170% 174% Conti Can 116% 116% 116% 116'% Certalnteed 3554 341/. Congoleum .... 26% 25'% 25'% 25'% Davison Chem.. 63 62'% 62’% 63% Dupont 431 430 430 431'% Famous Players 49% 48% 49 Vs 49 Fox A 102% 100 101V* 101 Glidden 27'% 27% 27'% 27'% Gold Dust ....105 104% 105 106'% Int Paper 68'% 68 68 69% Int Harvester ..310’% 309% 310% 308% Lambert 133% 131% 131% 133 ; 59’% 59 y. 59’/, 59% Kelvlnator ... 12 ll’% ll’% 12% Montgom Ward 350 341 343 347 Natl C R.. ... 97% 96% 96'/, 97 Pittsburgh Coal 4334 Owens Bottle 81% Radio Corp 230 220 220 2291* Real Silk 44% 43% 44 43% Rem Rand .... 27’% 26% 27 26'% Sears Roebuck 158'/* 156% 156% 158% Union Carbide 193'% 191V* 191% 191'4 U S Leather.. 34’% 34% 34% 35 Victor 141'% 139% 140 143'/* U S Indus Alco 133 133 133 133 Warner Bros A 115% Warner Bros B 114 Utilities—
Am Tel & Tel 179% Am Express ... ... 226 Am Wat Wks.. 61 60% 61 61% Brklyn-Monh T 67 Col G & E 125% 125'% 125’% 126% Consol Gas .... 81% 80’% 81% 80% Elec Pow & Lt.. 37’% 37'% 37% 37 Commonwealth P .. 85 Nor Amer C 0.... 73 72’% 72’% 73 Natl Power .... 39% 39'% 39% 39'% Pub Serv N J.. 67'% 66'% 66% 67% S Cal Ed 48’% 48% 48% 48% Std Gas & El.. 71'% 71 71 17% Utilities Power 40 39'% 40 39% West Union Tel. 158 157% 158 158 Shipping— Am Inti C0rp..126 122% 122% 122% Am Ship & Com 4'% Atl Gulf &WI 49 48% 48% 48% Inti Mer M pfd.. 37% 36'/* 37'% 36% United Fruit ..141% 137% 141 136'% Foods— Am Sur RfK 77 76'% 77 76% Kroßer 125’% 124 124 125 Beechnut PkR .. 78 78 78 78’% California Pkg . 76 76 76 76 Corn Products .. 84% 84% 84% 85'% Cudahy 68% 68'/s , 68% 69 Cuban Am Sur. 17 17 17 17% Fleischmann Cos 86% 85 86% 85 Jewel Tea 157% 157% 157*% 154 Kraft Cheese .. 65% 64'% 64'% 63% Natl Biscuit 169 168'% 168'% 167 Natl Dairy 113 112'/* 113 112 Postum Cos 69 68'% 68% 69 Ward Baktnß B 18 Tobaccos— \ Am Sumatra ..61 61 61 60% Am Tob (B) 170% 169'% 169% 171% Con Cigars 90% General Cigar 61'% Lift & Myers .. 90'% 90% 90% 91 Lorlllard 28'% 28% 28'/* 28% R J Reynolds ..147% 146 146 147'% Tob Products B 100% 100% 100'/* 100'% United Cißar St 28% 28'% 28% 28% Schulte Ret Strs 55 54% 55 54% REALTY~~SALE SUCCESS Sunset Trails Company Will Continue Same Plan. Officials of the Sunset Trails Realty Company report a successful sale of the Sunset Trails district lots at silen; auction Saturday and Sunday. The company announces that the remainder of the lots will be disposed of under the same selling plan and the office of the company on the Circle will remain open for this purpose. The Sunset Trails property extends to the north, west and south from Sixteenth street and Tibbs avenue. old; pay own way By United Press WASHINGTON, Oct. 22.—An official survey recently completed shows that out of 14,815 persons over sixtyfive interviewed as to their dependency, less than 25 per cent were “kept” by relatives or charity, and of this total charitbale institutions were credited with less than 2 per cent.
HEAVIER TONE FEATURES HOGS AT CITY YARDS Strong Receipts of 7,500 Continue to Force Market Down. Oct. Bulk. Top. Receipts 15. 10.25 10.25 7,000 16. 10.10 10.25 8,000 17. 9.90 10.00 7.500 18. 9.90 10.00 6.500 19. 9.65 9.65 10,000 20. 9.75 9.80 4.000 22. 9.65 9.75 7,500 Continued strong receipts of 7,500 brought the hog market down again at the city yards today. From 180 pounds up the market was 10 cents lower. The bulk, 180 to 275 pounds, sold at $9.65. Top was $9.75. Holdovers were 350. Cattle were steady, no steers to make a market. She stock sold at sll to $13.50. Vealers were steady at sl6 down. Sheep and lambs were steady, the bulk selling at sl3 at $13.25. Good to choice lambs were slightly higher selling at $13.50. Fat ewes were $5 to $6.50. Chicago hog receipts were 42,000 including 3,000 directs. Market slow and weak to 10 cents lower than Friday’s average. A few early sales of choice 190 to 240-pound averages at $9.60 to $9.70. Asking $9.75 for strictly sorted kinds. Odd lots of desirable packing sows, $8.60 to $8.75. A few desirable pigs at $8.75 down.
Cattle receipts were 25,000; sheep, 25,000. Prices for hogs at the city yards were; 250 to 350 pounds, $9.40 to $9.65; 200 to 250 pounds, $9.65 to $9.75; 160 to 200 pounds, $9.40 to $9.65; 130 to 160 pounds, $9 to $9.25; 90 to $l3O pounds, $8.50 to $9; packing sows, $8 to $9. Cattle receipts were 500; calves, 300. Market steady with beef steers at sll to $13.50; beef cows, $7.50 to $9.50; low cutter and cutter cows, $5.25 to $7; vealers, sls to sl6; heavy calves, $6.50 to $11; bulk stock and feeder steers, $8 to $11.50. Sheep receipts were 800. Market steady. Top fat lambs, $13.50, quotable; bulk fat lambs, $12.50 to $13.25; bulk cull lambs, $7.50 to $10.50; bulk fat ewes, $4.50 to $6.5C. —Hogs— Receipts, 7,500; market, lower. 21,0-350 lbs $ 9.40® 9.65 200-250 lbs 9.65® 975 160-200 lbs 9.40® 9.65 130-160 lbs 9.00® 9.25 90-130 lbs 8.50® 9.00 Packing sows B.oo® 9.00 —Cattle— Beef steers $11.00®13.50 Beef cows 7.50® 9.50 Low cutters and cutter cows 5.25® 7.00 Bulk stock and feeder steers B.OOfe 11.150 —Calves— Receipts, 300; market, lower. Best vealers $15.00(9-16.00 Heavy calves 6.50®11.00 —SheepReceipts, 800; market, steady. Top fat lambs $13.50 Bulk fat lambs 12.50® 13.25 Bulk cull lambs 7.50® 10.50 Bulk fat ewes 4.50® 6.50
Other Livestock By United Press CHICAGO, Oct. 22.—Hogs—Receipts, 43.000; market fairly active, generally steady with last week’s close; all Interests buying; top, $9.75 paid freely for 210-250-lb. weights; butcher, medium to choice. 250350 lbs.. $9.15®9.75; 200-250 lbs., $9.20®. 9.7 b; 160-200 lbs. $9®9.70; 130-160 lbs., [email protected]; packing sows. $8.25®8.80; pigs, medium to choice 90-13 lbs.. $8.35® 9 Cattle—Receipts, 25,00; calves. 3.000; despite unreliable and very thin eastern shipper demand, meager supply of better grade steers and yearlings about steady; others and Stockers and feeders weak to 25b lower; vealers mostly $1 lower, other classes steady; slaughter classes, steers, good and choice 1,300-1.500 lbs.. sl4® 17.25I, lbs.. sl4® 17.25; 950-1,100 lbs., $14®17.50; common and meduim 850 lbs., fed yearlings, good and choice 750-950 lbs., $14.50® 17.50; heifers, good and choice 850 lbs. down, sl4® 17; common and medium. sß®l4; cows, good and choice, U9®11.75: common -nd medium. $7 ®9: low cutter and cutter cows. $5.50® 7; bulls, good and choice, beef. $9.50® 10.75; cutter to medium. $6.50®9.25; vealers (milk fed), good and choice, [email protected]; medium, sl3® 13.50; cull and common, $8.50®13; stocker and feeder steers, good and choice, all weights. $11.50® 12.75common and medium. $8.75® 11.50. Sheep —Receipts. 25.000; slaughter lamb buyers cautious because of unsatisfactory condition of eastern dressed trade; early sales and bids. 25@50c lower than Friday: sheep steady to weak; moderate supply of feeding lambs about steady; lambs, good and choice 92 lbs. down, $12.25®,13.35; medium. [email protected]; cull and common, [email protected]; cull and common, $7.50® 11. ewes, medium to choice 150 lbs. down. $4.25®6.50; cull and common, $1.75 ?: feeder lambs, good and choice. $12.25 ®13.25. Bet Times Special LOUISVILLE, Ky.. Oct. 22.—Hogs—Receipts. 2.200; pigs steady; others 15c lower; heavy and medium hogs, 180 lbs. up. $8.85®9.35; pigs and lights. 180 lbs. down. $7.35® 8.45: stags ana throwoutts, $6.90® 7.50. Cattle—Receipts, 2,500; market steady to higher: prime heavy steers. $12.50®13.50; heavy shipping steers. $10.50 ®, 12.50• medium and plain steers. $910.50; fat heifers. $7.50® 12; good to choice cows. $7.75®;9.50; medium to good cows. $6®7.75; cutters. $5.50®;6; canners. ss® 5.25; bulls. s6® 8.75; feeders. $8.50®>11.50; Stockers. $7®11.50; receipts 800; market $1 lower; good to choice. $11®13; medium to good. $9 @11; outs, $9 and lower. Sheep —Receipts, 100; market steady: lambs, $11.50® 12; seconds. sß®_B.so; sheep. s4®6; bucks. s3® 3.50. By United Press EAST BUFFALO. Oct. 22.—Hogs Receipts, 12,000; market fairly active. 10® 15c up: 250-350 lbs., $9.50® 10; 200-250 lbs., $9.75®10.15; 160-200 lbs., $9.75® 10.15: 130180 lbs.. $9.50® 9.90; 90-130 lbs.. $9.25® 9.75; packing sows. $8.25®8.75. Cattle— Receipts, 2,300; calves, receipts 1,100;; market 50c down: cattle steady. 25c down; beef steers, sl2®Ts; light yearling steers and heifers. $12.75@16; beef cows, sß®> 10; low cutter and cutter cows. $4.50® 6.75; veaelrs. $16®.16.50. Sheep--Receipts. 10,000; market 25c down; bulk fat lambs, 513.25®-13.50; bulk cull lambs, $8.75®11; bulk fat ewes, s6®7. By United Press FT. WAYNE. Ind.. Oct. 22.—Cattle—Receipts, 75; calves, receipts 50; hogs, receipts 350; sheep, receipts 15; market steady to 25c higher; 90-120 lbs.. $8.25; 120-140 lbs., $8.50; 140-160 lbs.. $8.75; 160180 lbs.. $9; 180-200 lbs., $9.25; 200-250 lbs.. $9.25; 250-300 lbs.. $9.55; 300 lbs. up, $9.25; roughs, $8; stags, $5.50; calves. IS; lambs, 11.50. By United Press PITTSBURGH, Oct. 22.—Hogs—Receipts, 6,000; market, 10c down; 250-350 lbs., $9.50®9.85; 200-250 lbs., $9.75® 9.90: 160200 lbs., $9.50®9.90; 130-160 lbs.. $9.25® 9.65; 90-130 lbs - ., $8.75® 9.50; packing sows. sß® 8.50. Cattle—Receipts. 1,400. Calves —Receipts. 800; market, 50c down; cattle steady. Beef steers, slo® 10.35; light yearling steers and heifers. s9® 12.50; beef cows. *B® 9.50; low utter and cutter cows, $5®7.50; vlears, $‘ i%17.50; heavy calves, sß® 15. Sheep—B ceipts, 3.400; market, steady to 25c up top sot lambs, $13.50; bulk fat lambs. $11.50®13.50; bulk cull lambs, s7®lo; bulk fat ewes, $5<®6.50. By United Press CINCINNATI, Oct. 22—Hogs—Receipts, 6.400; holdovers, 435; market, steady to 25c down; 250-350 lbs., 58.75®9.75; 200250 lbs.. $9.25® 9.75; 160-200 lbs., s9® 9.75; 130-160 lbs.. $8.75®9.25; 90-130 lbs., $7.25; packing sows, $6.50® 7.75. Cattle—Receipts. 2,650. Calves—Receipts, 50; market, heifers 50c up; veals. $1 down; beef steers. $8.50®14; light yearling steers and heifers. $8.50® 14.50; beef cows, $6.75® 10; low cutter and cutter cows, ss® 6.50' vealers, sl3® 15.50; heavy calves s9®l4; bulk Stocker and feeder steers, s9® 10.50. Sheep— Receipts. 250; market, slow 50c down; top fat lambs, sl2 50; bulk fat lambs. $10.50®12.50; bulk cull lambs, $6.50®9.50; bulk fat ewes, s3® 5.50. COTTON OPENING By United Press NEW YORK, Oct. 22.—Cotton futures opened higher. December. 19.65. up .08; January, 19.64. up .10; March, 19.64, up .19; May. 19.43, up .12: July, 19.34. up .10; October. 19.90, up .12.
J-Lx.„
In the Stock Market
(By Thomson & McKinnon) NEW YORK, Oct. 22.—Ordinarily serious minded people continue to devote time and thought in the effort to analyze values of stocks as if it was a lot of merchandise —cost of production so much, cost of handling so much, cost of sales so much, profit so much. Is there a man anywhere that is not yet aware of the fact that we are not dealing now in real, in established values? The public state of mind is the real basis for what is going on and for some of the prices prevailing. Every man trading in some of these sensational issues thinks that he is smart enough and quick enough to sell his holdings to some other person just before the big reaction, comes that he is quite sure is coming. The plan sounds fine, it reads well when put on paper, but it does not work in practice. The usual practice in the early part of a bull market is to pyramid, which means continuing to buy more and more as the market rises. Today I believe the very reverse of this practice is warranted. Continue to reduce your holdings. The smaller the long line the more comfortable you will be one of these days.
Local Wagon Wheat
City grain elevators are paying $1.30 for No. 3 red wheat and $1.02 for No. 2 hard.
The City in Brief
TUESDAY EVENTS Midwest Motor Truck Transportation Congress. Manufacturers' building state fairground, all day. Associated Master Barbers of America convention, Lincoln, all day. Rotary Club luncheon, Claypool, noon. American Chemical Society luncheon. Chamber of Commerce. Mercator Club luebeon, Splnk-Arms. Gyro Club luncheon, Spink-Arms. Purchasing Agents' Association luncheon, Severln. Universal Club luncheon, Columbia Club. Phi Gamma Delta luncheon, Chamber of Commerce. L’AUlance Francaise luncheon, SpinkArms. University of Michigan luncheon, Lincoln. Indianapolis Medical Society dinner. Athenaeum, 6:30 p. m. Three stolen bicycles were reported to the police today. The owners of the missing bicycles are: Raymond Beach, 1235 Harlan street; Glenn Niberger, 1407 Linden street, and Grove Doty, 2921 Boulevard place. Past Pocahontas Association No. 1 will give a card party at 8 Tuesday night at the home of Mrs. Elizabeth Mister, 1834 New street. An unidentified Negro strode into a restaurant at 535 North Senate avenue Saturday night and, without warning, drew a pistol and fired several shots at the proprietor, Horace Jones. Jones obtained a. pistol and frightened the Negro away with several shots. Lady Hay, a pigeon owned by Charles Schwert, 350 West Thirtieth street, Sunday won the closing race of the season of the Indianapolis Racing Pigeon Club. t A. H. Godard, R. L. Brokenburr and William D. Allison, local Y. M. C A. officials, will attend the annual meeting of the national council of the Y. M. C. A. this week at Chicago. They are members of the council. The American Society of Mechanical Engineers will hear Dean A. A. Potter of Purdue University at a meeting at the Chamber of Commerce Friday night. The meeting at 7:15 will follow a dinner at 6:15. District 2 of the Woman’s Relief Corps, which includes ten corps in Indianapolis and nearby cities, will hold it sannual convention at Ft. Friendly, 512 North* Illinois street, Tuesday. About 200 delegates are expected to attend. Prowlers Sunday night stole tools valued at S6O from two garages, both owned by Orie Richadson, 623 North Davidson street. The garages are located at 532 North Dearborn street and 537 King street. A diamond ring valued at S2OO, and a revolver was stolen Sunday night from the home of W. J. Reintzes, 4245 Graceland avneue. A thief took an electiric sweeper from the home of Mrs. Fred Ahmafeld, 2048 North Dearborn street. The sweeper was valued at $55. Police today held an automobile bearing a West Virginia license and containing a woman’s fur coat and man’s topcoat, found in the 2100 block of Park avenue Saturday night. A man got out of the automobile, walked between two houses and fled when he saw persons on a porch of one of the homes, police were told. George A. Fear, Sheridan, Ind., transfer line operator, today filed a voluntary bankruptcy petition in Federal court today, listing liabilities at $1,092 and assets at $591. Examinations for Prospective certified public accountants will be held at the statehouse Nov. 15-16, it was announced today by the examining board. The plan of co-operation with the American Institute of Accounts of New York will be followed. Board members are Lawrence F, Orr, chief examiner of the board of accounts; Walter G. Owens and Greenberry G. Lowe. Special offerings were emphasized in Methodist Episcopal churches of the Indianapolis area, including Indiana and southern Illinois, Sunday in raising funds for the world service and missionary program of the church. More than a thousand churches took part in the campaign. Case to Be Obregon Memorial By United Press MEXICO CITY, Oct. 22.—Friends of Obregon may purchase the restaurant La Bombilla, in which he was assassinated. They plan to erect there a school for Indian boys. It will be named after the murdered president-elect. India Awaits “Pussyfoot” By United Press CALCUTTA, Oct. 22.—The official organ of the Prohibition League of India announced that William (Pussyfoot) Johnson, the American prohibition worker, would arrive in Rangoon in February to tour Ceylon, Madras, Bombay, Ahmedabad, Peshawar and Lahore.
MAJOR STOCK ISSUES SHOW HIGHERJ’RICES International Nickel Is Feature of Early Trading.
Average Stock Prices
Average of thirty Industrials Saturday was 253.75. off 2.84. Average of twenty rails was 142.08, oft .37. Average of lorty bonds was 9.64, up .06. BY ELMER C. WALZER, United Press Financial Editor NEW YORK. Oct. 22. Major stock exhibited strength at the outset of trading on the stock exchange today, featured by International Nickel which spurted 5 points to 184'4. Later the issued eased off a point, but General Motors, Steel and American Smelting ruled strong. Freeport-Texas was a weak feature, dropping to anew low for the year at 43, off 6*4 on a sale of 8,000 shares. Rails were firm featured by Missouri Kansas Texas. Copper shares continued in demand. Barnsdall A was another issue to sell lower. The issue broke two points to 43*%, but other oils held steadier and quiet. International Nickel lost two points of its initial gain in the first fifteen minues. Nevada Consolidated opened 15,000 shares at 30 up % and held around this level which was anew high record. Other coppers held strong as active demand developed for the metal at 15% cents a pound domestic shipment delivered to the end of January. It is expected the foreign price will be advanced to 15-X cents a pound. Radio Corporation finned up ?*4 points to 228*4, Steel Common he'd steady at 162 after touching 162% and General Motors rose to 220 up I*4 and then sold off to 219*4 Chrysler rose a point to 133. Missouri, Kansas and Texas featured the rail group rising to a new high at 44*4 up -I*. Consolidated Gas rose % to 81*4 to lead the utilities. Anaconda rose about a point to anew high at 87 %. Cerro De Pasco rose fractionally to 123'%, while Kennecott rose nearly a point to 112. John Manville rose a point to a new high at 177 up one and A. M. Byers also made anew peak at 147% up %. Great Northern Ore equaled its record at 31*4 up 1% and National Tea set anew record at 315 up 5 points.
Banks and Exchange
Indianapolis bank clearings today were $3,974,000. Debits were $6,409,000. NEW YORK STATEMENT By United Press NEW YORK, Oct. 22.—Bank clearings, $641,000,000; clearing house balance. $129.000,000; federal reserve bank credit balance. $105,000,000. FOREIGN EXCHANGE By United Press NEW YORK. Oct. 22.—Foreign exchange opened steady. Demand sterling. $4 84 9-16, off .00 l-32c: francs. 3.90%c. up .001'/*c: lira. 5.23%c; belga. 13.81 c; marks. 23.80%c.
CHICAGO HOST TO ZEP CREW Full Program Arranged for Today; Greeted at Train. By United Press CHICAGO, Oct. 22.—With a colorful demonstration of welcome behind them. Dr. Hugo Eckener, commander of the Graf Zeppelin, and his party face a full program today in responding to the spirit of Chicago's greeting. Welcomed at the train by a large crowd of citizens and officials the Zeppelin party took the “sixth German city of the world” by storm. Their activities today were to start at noon with a visit to Mayor William Hale Thompson. That was to be followed by a boulevard tour, a dinner in the evening and departure for New York at 9 p. m. The tribute to the airmen began Sunday night when they alighted from the train. Thousands of Teutonic blood packed the station and the stadium, many of them dressed in the garb of their former homelands. Japanese lanterns, forming the words “Gut Heil” greeted the commander as he entered the stadium. Hundreds of flares add color to the scene.
OLD MENU ONLY DEATH CLEW Probe Kappa Psi Dinner for Woman’s Identity. By United Press NEW YORK, Oct. 2.—A sorority dinner given years ago may prove the only clew by which police can establish the identity of a welldressed woman who died by gas poisoning in a midtown hotel Sunday after registering as “Miss Sloan.” A menu among her effects, evidently preserved for sentimental reasons, was that of a dinner given by Beta Delta chapter, Kappa Psi. Stanwix hall, March 15, 1915. A name on her baggage had been scratched out and a letter mutilated so that it- gave no name or address. The young woman had paid S2O in advance for the room when she entered the hotel, Saturday evening. The police found a granite pot over the open gas jet in the kitchenette and were inclined to assume death was purely accidental until they encountered puzzling difficulties of identification.
Walked Right Out Again
■ i MivrV ilsHi : ®*^^
Thanks to Governor Ed Jackson’s intercession, E. S. Shumaker, Indiana Anti-Saloon league superintend, walked out of the Indiana state farm at Putnamville Friday, a freeman, after four hours’ imprisonment. Left to right—J. A. Martin, league attorney; B. E. Ewing, league field agent, who was Prohibition Director C. E. Yellowley’s predecessor at Chicago; Dr. Shumaker and Mrs. Shumaker. Martin and Ewing brough-tthe receipt for Shumaker’s fine and costs, $29.40, which accomplished his release after Superintendent Ralph Howard was informed the Governor had granted Shumaker a pardon.
Misses A l Smith Enters Back Door at Hospital; Patient Waits at Front.
THERE was a disappointed patient at Methodist hospital today. Dr. George W. Staton. 94, of 1301 University court, had taken a chair in the lobby to see A1 Smith Saturday afternoon when he made a hurried visit to the "bedside of Tom Taggart, veteran Democratic boss. Careful arrangements for the De: ecratic candidate to enter the front way had been made in the morning but at last minute plans were changed. Al's special car whisked him to the ambulance entrance where he found a waiting elevator. Mrs. Anita Scott, hospital hostess knew of the doctor’s desire to see the presidential candidate. She rushed back to the lobby and moved his chair to a window while Smith was in Taggart’s room. But the aged physician was unable to get a glimpse of the Governor. “Well. I’ll have another chance to see the President when I see Hoover,” said Dr. Staton, returning to his room. “I’ll vote for him If I'm living and it isn’t too cold on election day,” he said. “I voted twice for Abraham Lincoln.” Dr. and Mrs. Staton have been married sixty-two years.
Indianapolis Stocks
—Oct. 22 • Bid. Ask. Amer Central Life 700 Belt R R & Stkyds com 69 71 Belt R R & stkyds pfd 59 83 Central Ind Power Cos pfd.... 96 99% Cities Service Cos com 67% ... Cities Service Cos pfd 100 ... Citizens Gas Cos com 56 57% Citizens Gas Cos pfd ...102 103% Commonwealth Loan Cos pfd..lol 104'% Equitable Securities Cos com.. .. Hook Drug -Co com 34% ... Horuff Shoe pfd 12 Indiana Hotel Cos com 125 ... Indiana Hotel Cos pfd 101 Indiana Service Corp pfd.... 92 ... Indianapolis Gas Cos c0m...... 62 64'% Indpls Ac Northwestern pfd.. 20 Indpls Water Wks Cos 5s pfd. 102'/* ... Indpls P&L 6s pfd 105% 106% •Indpls P & L 7s 98 101 Indpls Pub Wei Ln Assn .... 47% ... Indpls St Ry Cos pfd 38'% 40 Interstate PS C prior line... .104 ... Interstate P S C 6s pm 95 100 Merchants Pub Util Cos pfd.... 101 Metro Loan Cos 8s 100 103 % North Ind Pub Serv Cos 65... 98 101 Northern Ind Pub S Cos 107 109 Progress Laundry Cos com 36% ... E Raub & Sons Fert Cos pfd 50 Real Silk Hos Cos pfd 93 Standard Oil of Indiana 77'% ... T H I ft E Trac Com 1 T H I & E Trac Cos pfd 11 T H Trac Ac Lt .. 96 Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd V* Union Title Cos com 80 Van Camp Pack Cos pfd 14 Van Camp Prod Ist pfd 98 101 Van Camp Prod 2nd pfd 92 101 —Bonds— Belt R R & Stk Yds 4s 89 Broad Ripple Trac Cos 55... 77 82 Citizens Gas Cos 5s 98 Central Ind Power Cos 6s 99 Chi S B Ac N Ind 15 Citizens Gas Cos 5s 102 105 Citizens St R R 5s 89 92 Gary St Ry 5s 86 90 Home T & T of Ft Wayne 65.102'% ... Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 4 Ind Ry & Lt Cos 5s 98% ... Ind Service Corp 5s 93 Indpls Power & Lt Cos 5s .... 99 101 Ind Union Trac Cos 5s 2 Indpls Col & So Trac 6s 99 101 Indpls Gas Cos as .. 100% Indpls Ac Martins Trac Cos ss. 30 Indpls Ac Northw Trac Cos 55.. 10 13 Indpls St Ry 4s 69 71 Indpls Trac & Term Cos 55... 95% 96% Indpls Union Ry 5s 100 Irdnls Water Cos 5%s 103 104 Indpls Wa Cos 1953 As '54 5'%5.103 104 Indpls Water Cos 5s 95 Indpls Water Cos 4'%s 95 Water Works Sec 5s 96 100 Interstate Pub Serv 4>%s 4% Interstate Pub S Cos 5s 89'% ... Interstate Pub S C 6%s 104 N Ind Pub Service 5s 99 T H I & E Trac Cos 5s 75 T H Trac & Lt Cos 5s 95 Union Trac ol Ind Cos 6s .... 11 14 —Government Bonds— Liberty Loan Ist 3%s 98.28 98.50 Liberty Loan Ist 4'/*s 100.90 101.10 Liberty Loan 4th 4'/*s 100.90 101.11 U S Treasury 4%s 110.02 111.22 U S Treasury 4s .....105 80 106.00 U S Treasury 3%s 103.10 103.30 U S Treasury 3%s 98.66 98.86 ( —Sales—sl,ooo Bond Indpls Water 5%s 103 High School Press Elects Bn United Press FRANKLIN, Ind., Oct. 22. Mathew Welch, Vincennes, was elected president of the Indiana High School Press Association here at the concluding session of its seventh annual convention. Other officers includes Mildred Rogers, Lebanon, vice president, and Betty Osier, Hammond, secretary.
NEW STAR IS YARDSTICK FOR SKY DISTANCES Hope to Measure Neighbors by Recent Discovery in Nebula. By Science Service CAMBRIDGE. Mass., Oct. 22.—A nova or “new star” which will help to determine more accurately the distance of one of the neighbor universes of stars just has been discovered by a German astronomer of the Hamburg Observatory, at Bergedorf. This announcement was made here by Dr. Harlow Shapley, director of the Harvard College Observatory, following a cablegram from the International Astronomical Bureau of Copenhagen. The nova appeared in the spiral nebula known to science as Messier, 33, after its number in Messier’s catalog of such objects. It is in the constellation of the triangle, a rather inconspicuous constellation which can now be seen in the eastern evening sky, halfway from the horizon to the zenith. “The nova is important.” stated Dr. Shapley “because its study will help to determine the distance and dimensions of this northern spiral nebula. The system appears to be -the nearest spiral to the earth, but its distance exceeds 700.000 light years.”
TALK AIRPORT LAW Resolution ‘to Acquire’ Is First Legal Step, Adoption of a resolution “to acquire” will be the first legal step in purchasing a municipal landing field, Corporation Counsel John W. Holtzman said today. The 1920 statute permits the city to purchase and manage an airport but does not specifically state the legal procedure. An amendment to the law passed in 1921 permits the city to lease ground for an airport. Following adoption of the resolution of determination the works board will name appraisers to fix a price on the proposed tract. A public hearing probably will be held followed by a request of council for a bond issue, Oren S. Hack, works board president said. Council will have a public hearing before bonds are sold regardless of whether the works board has a public hearing. Holtzman said the works body can have a public hearing to allow citizens to protest but it is not required by statute. Meanwhile Mayor L. Ert Slack ordered city officials to conduct an “independent investigation” of proposed sites before deciding on acceptance of Site 30, north of Ben Davis, which was recommended by the citizens committee. Council has indicated willingness to pass the necessary bond issue. About $30,000 is appropriated in the 1929 budget for operation. AYRES COMPANY HOST 1,200 Employes to Be Entertained at Claypool Tonight. L. S. Ayres & Cos. will entertain about 1,200 employes at dinner in the Riley room of the Claypool tonight. Suprise entertainments, songs and yells devised by store groups are planned. A moving picture of the construction of Ayres’ eleven-story new building will be shown. Dancing will follow. Guests of honor will be members of the Twenty-Year Club composed o femployes who have been with the firm for twenty years or more. One of the privileges of the members is three weeks’ vacation with a gift of SIOO from the firm.
L c J. LJ,
TALKING MOVIES GIVEN STINGING RAP IN BRITAIN Most of Audiences Fail to Register Approval of American Films. BY MILTON BRONNER NeA Service Writer LONDON, Oct. 22.—Literally all London seems to be talking about the “talkies,” which just have been introduced here. Most of the professional newspaper film critics do not like them. Musicians who work in movte houses are wondering dolefully whether or not they soon will be losing their jobs. Actors are discussing whether the talkies will seriously affect the speaking stage Would-be preservers of the amenities of the English language write in to the newspapers objecting to the America word “talkies” and propose what they term more dignified appellations, such as “Cinephone." Rap Yankee Twang Others say unless England at once develops a "talkie” art of its own, all England will soon be talking with a Yankee twang. At a recent movie program the rendition of some Classic music by the New York Philharmonic Symphony orchestra left the audience cold. But a couple of comedians with the banjo set the crowd going. They applauded just as if the men were there in the flesh. The first real burst of big enthusiasm came when Martinelli, tenor of the Metropolitan Opera company, sang the famous aria from “Pagliacci.” If one closed one’s eyes once could imagine he were really sitting in the Metropolitan Opera house and hearing Martinelli. The applause that greeted the number was immense. The last thing on the program was a film in which A1 Jolson sings some of his famous “Mammy” songs. < They Like Jolson It is said that A1 always has been shy about trying his fate with a London audience, and that some time during his honeymoon A1 is going to the theater to see how he goes over in the “talkies” with a London crowd. If he had been there the other night he would have been fully satisfied. The audience distinctly liked him. The concensus seemed to be that the “talkies” furnished not only a new, but a highly satisfactory kind of evening’s amusement.
Campaign Log
By United Press Herbert Hoover was in New York prepared to launch his final eastern drive. Tonight he will make his last eastern speech in Madison Square Garden. Governor Alfred E. Smith, home from what he considered a most successful campaign tour of the south and middlewest, rested at the executive mansion in Albany before leaving to speak in Boston, Wednesday night. Returning Thursday. he will stop en route at Hartford, Conn., to lead a parade. Smith said he was confident of defeating Hoover. Senator Joseph Robinson, Democratic vice-presidential nominee, prepared today for his drive in the middlewest. Complementary to Smith's western campaign. Robinson’s itinerary will take him through the Dakotas, lowa. Minnesota, Illinois. Indiana, Ohio, and possibly West Virgin"?. Refreshed by a restful Sunday in Hartford. Conn., Senator Charles Curtis, Republican vice-presiden-tial nominee, said he was "feeling fit” and eager to continue his tour which will take him across the northern tier of states. He left for Utica, N. Y., today, where he will speak tonight. Democratic leaders were attacked as not opposing “mud slinging” in a statement issued by Governor Henry J. Allen us Kansas, publicity director for the Republican national committee. A dozen "reckless leaders” among the Democrats, Allen said, are uttering unwarranted personal attacks on Hoover. NAME STATE KLAN HEAD Huffington Listed as Agent by Wizard Evans. An affidavit bearing the signature of Wizard Hiram Wesley Evans was filed today by the Knights of the Ku Klux Klan, a Georgia corporation, with Secretary of State Frederick E. Schortemeier showing that their Indiana agent is Joe M. Huffington, 2262 North New Jersey street. Huffington, comes from Evansville, and has long been active in Klan l^fdership. Several weeks ago when Huffington was described in newspaper articles as the ‘ ‘lndiana grand dragon" he requested that the phrase be dropped as he was merely the acting head agent of the Klan and had not been elevated to the actual title of grand dragon. DISCUSS BUS ROUTE Beech Grove Officials to Inspect Proposed Line. Commissioner Howell Ellis of the public service commission and town officials of Beech Grove will inspect the proposed new bus route petitioned for by the Beech Grove Traction Company. This decision was reached following a public hearing on the petition before Ellis at the statehouse today. The newline would extend from First Ave., Beech Grove, to Seventeenth Ave., on Albany St., in that town. Objection has been filed by the Peoples footer Coach Company, who contended today that their buses are already giving service in that vicinity.
