Indianapolis News, Indianapolis, Marion County, 12 August 1919 — Page 21
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of l.ir. Stock
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3;S s M.397 44 Ml
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light and
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to 25 at a flat at 122.50,
—
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SEPTEMBER DELIVERY AN E CEPTION, DUE TO RECEIPTS.
NO TRADE IN PROVISiONS
CHICAGO.
m mat moii arrival* ca road^Ubor
AoRust 12. — Boarlah
sentiment continued to dominate the corn market today except as to the September delivery. Anxiety of shorts in that month as to the meagrerness of a decided upturn for
On the other hand, railifftculties and the develthe movement to combat t of living had a weaken-
pricea for December
- ~——it .w...ea. Opening otiotations, which ranged from the same as yesterday s finish to l%c lower. In-r,
tember, ll.tou to ll.Sl. er 11.52 to 11.53, were foladvances for September and
in the new crop
[ r ^?fed by to t0 t r he^ COnCerT1 ^
store
Taggart bread was finally i of the city and the man who
sold It retired from business. A Chi- ££ COT ^ , ’uS. 1 w 5S5fn,* ^ WSp
vaiL
Danville Fish Business.
The situation tn the fish business was also brought to the attention of the investigators. A great deal of the fresh fish sold In Indiana and Illinois
from the Illinois river, particularly fine and
of the Indiana
The catfish are
last receded somewhat after immediate
cafes. The investigators ] that^prime oufish^cost^
are served In restaurants and i have been told
after
had been relieved.
i and December tt.5Z&®1.52.
feeder lambs. |1 £.»•».?*.
strong; *M
to com-
- H^r
the best
: ** * * « * * .♦ * a
'trj.z
a year Sa H
i account
>7-8 ir z*
.d>*trfcU was small
f an indication consldersfbly h igo. the sale of
II -a
around ing the
ier trade was apthe demand from
' are * ^
that prices higher than
of a load of
at I1S.50,
Hereford steers
the highest price paid In the t since April 25. They were ilth Bros., and shipped by F. of Goldsmith. They were sold Srm of Valodin, Moffett Sc i New York Butchers
Meat Company,
Cattle.
Mzzzm
■fcT flrstB
STEERS—
kh), 1,800 lbs. and up-
117 SOglS SO
to cholee. 1,300 lbs. and
17 00®17 60
to medium, 1,800 lbs.
uru 16 50^ 11 to choice. 1,160 to 1,250 lbs. 16 60#1
to modium. 1,160 to 1.250
15 00@16 00
choice, 1,000 to 1,160
15 00917 00
to medium, 1.U00 to
IS 00«1< 50 good, under 1.000 lbs.... ll 00*916 00
.... 15 00917
16 50 7 60
yearlings
beat, 800 lbs. and up.
>17/
IS I
; ^ : • ' SEP
non to medium. 800 lbs. up. ll to beat, under S00 lbs IS
under 800
Sial life nSirttlos ip
to best. 1,060 lbs. upward., non to medium, 1.&0 lbs to choice, under 1,060 ibe.. non to medium, under 1,050 era and cutters ‘ ”!!! i ^ iJ
i to
9 00912 00 10 00913 00
9 00910 00 > SO ftfl) 00
fSf*“
7 50
bast. 1,100 lbs. up.
under'V.iob'Vba'.* under 1.300 iba. bolognas
m
to medium veals, under
18 50921 00
to choice
10 25911 60 to fair attars, 800 Iba up 9 00918 00 to choice steers, under 800 10 00910 60 to medium steers under 8 009 8 ae to good heifera 8 009 » 00 to good cows 7 009 100
”."’.".’76 009150 00
250 to 450 lbs 7 50911 60 of 500 sheep and lambs were s usual on Tuesday and the fully equal to the supply had no trouble in mainprices. Traders said the ore rigid and this would sales of lambs above re was virtually the
are now quot-
i aa 98-00 and breeding ewes, sort would sell for 912,00.
faaaste CLEVELAND. August 12-Hogs-RecHpts, m. market steady to 15c lower; Yorker., mmmmsszSmSm
market steady
J'te^^teady^e wer, >6 00923.00. Ht>,
^ from
The market
lower to 5Uhiri.»H4
Scattered buying made the oats mar- * comparatively firm. After opening I tG ^ up, including September <at to 74*4c. the market sagged a little and then rose to above yesterday’s
finish.
There was virtually no business in provisions. Sharply higher quotations on hogs discouraged buyers and made sellers extremely cautious. I
Danville at 35
rally the
it is said ■ investigators
a Chic* and the must pay
the dealers 17 Is retailed in
a T3& srLsssi:
also reached the
»und steak is sold by ■ at 18 cents a pound
ultimate consumer in Danville
iven the investigators eonjunicipal market. The city established a municipal
(By Tbotmmn A McKlnnoW. Wlrr]
Open- High- Low- —Cl©sinking- e«. est. Aug. 12. Aug. 11 1 SRit 1 5S* 1 SSH
" " ■ 156%
1 58
1 61%
J eapST .... t 66% 157% l 57%t 1 69% 1 61* 1 62%
1 IS 4 1 57%
1 61
1 62*
top.
12.—Cfcttle—Receipt*. nHBHBHMfO; soc
Dec.
1 >3% 1 90% 1 91% 1 91
1 91% 1 90%
1 64% 1 51% 1 63 1 53% 1 S3 1 62% 1 53
1 48% 1 49% 1 47 1 «% 1 49%
190% 1 58
About the worst complaint relates to
information given ft cerning the mi“*
of Danville
market for gardeners and truck ers. the purpose being to reduce the cost of garden products to the consumer. For a few days the market was a great success. The whole city traded at it. Then certain retailers. It is said, served notice on the truck farmers and gardeners that if they sold their stuff on the municipal market below prices fixed by the retailers, they could not do business with the green grocers and other retailers. Consequently the municipal market has practically failed, the gardeners and truck farmers either sell at the prices fixed by the green grocers and retailers, or else they do not put thir stuff on the municipal market, and the consumers are again paying the fancy prices that came down when the municipal market was started.
■
*», 1,008; steady and unchanged. PITTSBURG, August 12-Hoga-Raceipta, 1-008; market lower. Heavies, 123.00923.50; M*. m; market steady. Top sheep, 611,00. Top limbs. 117.00. Calves—Re-
OATS— Sept. ,
>; market steady. Top, >21.50.
PORKLARD- & :
1 48
1 9
73%
74
76
74%
78%
76%
77%
7T%t
71%
SO
77% «% 81
88%*
: on the last tember IS
..47 10 47 60 47 10 V 55* 47 90f
. 81 50* 31 55 ..31 25* 31 35
31 35 31 10
31 62* 81 55 31 35 31 50t
Report as to Storage.
Information reached Mr. Dennis that a packing concern had placed 2.000,000 pounds of fresh meat In cold storage in !. h 'ui ,t uisi^ v rfr i sk, *s,?h r «K i -»
passage of the national prohibition law. j, -.n-•.«-*«>,
Pecker’s brewery in this city went out j of business as a brewery and became a cold storage plant. It is In this- former brewery that th«f Morris meat is packed.
COTTON CLOSES HIGHER.
Main
RIBS— Sept.
..36 35 26 65 26 35 26 53 36 60t
K is said.
”1 am unable to explain
• Bid. f Ask. t Nominal.
Factor In Strength Is Heavy
Rains In Georgia-
NEW YORK, August 12.—The cotton mar-
awrsa-s&s '
January at 81.80c in
Chicago Cash Grain.
city.
anuary at 1 _ ■
steady cable# and reports of heavy
Atlantic after th«
an advance of IS to 28 selling at 31.72c and in response to relatively
in
belt sections. Offerings Increased
the call, however, and prices turned easier on rumors that an authority made the midmonth condition 66, wmch would indicate less than the usual deterioration for the period, whi^e selling also was encouraged by the unsettled ruling of the early stock msrket and indications that the tropical disturbance in the Caribbean would not reach Rumors that additional steamers «ssigned
for ' ‘ "'"si
CHICAGO. August 12.—Com—No.
92.0802.07; No. 2 yellow, >2.0993.10. Gate— No. 2 white, 75%@77%c; No. 3 white. 73%0 7S%c. Bye-No. 2, >1.65%91.57%. Barley— *1.3291.47. Pork-Nominal. Lard. 31.53c. Ribe,
*26.00027. uO.
said Mr.
as to stor-
| , Mh-S
‘and as I have just heard about it. I have not been able to get any
mixed, definite Information as yet. I believe
that meat ,.is packed in storage all over this country, but I have as yet no evidence of that fact It is the intention of the department to make a thorough
investigation.*’
Liverpool Cotton Steady.
fihii>m#nt8 to Germany were being withwn were circulating on the early decline to 31.35c for October, and 31.42c for January, or about 4 to 14 points net lower The market rallied sharply before noon on the detailed reports showing heavy rains in Georgia 5 ./,v^ v v’■fe After selling up to 32.14c for October and 32.22c for January, or about 67 to 73 points net higher, the advance was checked by realizing and later fluctuations were irregular, with prices showing reactions of 25 to 30 points during the middle of the afternoon. Futures closed steady; October, 31.93c; Decembar, 32.06c; January. 31.99c; March, 32.01c;
LIVERPOOL. August 12.—Cotton—Spot, In moderate demand; prices steady; good middling, 30.07d; fully middling. 19.57d; middling, 18.97d; low middling. 17.22d; good ordinary. 15.57d; ordinary. 15.04d. Sales, 5,000 bales, including 4,800 Amsrlcan. No receipts. Futures closed steady; September, 19.52d; October, I9.65d; January, 19.SSd; March. I9.89d; May, U.89d.
""'■i
It’s Tough
411-618 Occidental INDIANAPOLIS ML »*»»
% ON SAVIN* ^ and PAID-UP CERTIFU ASsbeAtlON
Indianapolis. Ind., 314 Merchants Bank Bnildlng. WRITE FOR LAST STATEMENT AND FULL PARTICULARS. ■■■ *
Citizens Gas-Company of Indhapolis
DIVIDEND
The Board of Directors has declared a dividend of l payable September 29. 1?1S. out of earnings to June SO, . era of record at the close of business September 13. 1&19 C
jpsM? w fes? • ub Tk‘ <, feSs J ^?. IfcSlL
Safe—Sound—Co
TAX EXEMPT INVESTMENTS
Write us for descriptive circular regarding our tax exempt ments yielding 7% secured by real estate mortgages and
"A
WILBUR A. R0YSE INVESTMENT
508 Fidelity Trust BUg. _ Authorised Capital, $250,000.00
OTHER MARKETS ON PAGE 22
RECOMMENDS PROSECUTION
May, SfK~t—MiddUngT" 32.45c
Still Enough Grain for AH
Charles D. Michaels, grain editor of the Chicago Tribune, aaya: Farmers are not satlsfled a'lth the guaranteed price of >2,26 for wheat, as much of this year s crop is of
WHEELING. W. Va„ August 12.John B. Wilson, agent of the department of justice jiere, announced that he would recommend federal prosecution of George B. Hevener, of Baltimore, secretary of the C. D. Kenny Company chain of 100 stores, on the charge that Hevener ordered the sale of sugar at a higher figure than government regulation. R. K. Gardner, local manager of the Kenny company, teatifled at a food price inquiry here yesterday, that Hevener had ordered him to sell sugar at >10.20 a hundred pounds, while government regulation* prohibit sales at wholesale at more than $9.61 a hundred.
SECURITIES For Investment
We have prepared a
INVESTMENT SECURITIES which
circular on we will be
poor quality and sells at liberal discounts.
Siwte--'- v -- -
are being made in congress to remove the guarantee, farmers thinking that it would enable them to get more money for their wheat. It is generally believed by the best Informed grain men that, were the wheat market open, the grain would be selling above >3.00 a bushel, owing to the sensational. crop losses. The reduction in winter wheat alone from the May returns has been and in spring of 118,000,000
June returns, making a
403.000,000 bushels. The total re-
smal! grain crops since June
the J
EStS duetton in the sm is 526.000,000 bushels,
the .Mstory of cro.ft JR changed the Ideas of many ( the losses, there is an abu this country and Europe, w ing radical price levels.
BALTIMORE. August 12.-George B. Hevener, secretary of the C. D. Kenny Company, accused in a Wheeling (W. Va.) dispatch today with having ordered the sale of iugar at a higher rate than the government permits, protested his ignorance of such an order. “The only order we have sent'out, and this has been the same to all our agencies,” he said, “was to set a limit of 10 conts an sugar,” he added. Hevener declared that he was ignorant of any federal sugar rate.
largest known in
ory of crop reporting, and has
traders.
With ail
ndant supply for without necessltat-
Yardage Charges Advanced at the Local Stockyards
Continued from Page One.
The Belt Railroad and Stockyards Company, operating the Indianapolis stockyards has advanced yardage charges, effective August 11. The yardage on stock received tn cars is: Cattle, 30c a head; hogs, 10c; calves, 15c, and sheep, 6c. This is an advance of 6c on cattle and 2c on hogs. The yardage for stock marketed in vehicles is: Cattle, 35c; hogs, 12c, calves, 17c, and sheep, Sc, which is an advance of 10c on cattle, 4c on hogs, 2c on calves and 2c on sheep.
mitted that Mr. Slim had always paid cash and never asked for credit. The whole sit .ation seemed to hinge on the statements made by the traveling man, and at Mr. Houck’s request they agreed to have their agent in Danville late this evening, and Mr.- Houck will endeavor to learn from him if any of the Covington merchants tried to prevent the sale
of goods to Mr. Slim.
Mr. Slim’s
complaint, however, had
started an investigation on other angles. This Inquiry, which will prob-
New York Grain.
NEW YORK. August 12.-Flour-Unsettled; spring patents, old, *12.25013.75; spring clears, old, [email protected], winter straights, new, *10.15@ 10.40; Kansas straights, new, >10.90911.40. Corn meal—Dull; yellow granulated, *4.90; white granulated. *5.<», Buckwheat—Dull; sound milling. *44004.60. cost and freight New York. Wheat—Spot, steady; No, 2 red, *2.34 track, New York export to arrive) Corn— easier; No. 2 yellow, >2.22%. and No.
‘ ight Ne
Spot, . . |
white, *2.35%. cost and freight
•> lA-hite I
Oats—Spot, firm: No. 2 white. 87c. Hay-
1, >2.0002.06; No. 2, *1.8501.95; No
Quiet; No. ». , 3. >1.5501.66; shipping. >1.3001.40. Hops- ! Firm; state, medium to choice, 1918, 60065c; 1917, 80040c; Pacific coast, 1*18, 57063c; 1917, ! 15043c. Pork-Easy; mess, *67.00067.50; family. *66.00068.00. Lard—Firm; middle west, **345082.2S. Tallow—Dull; city special, loose. 17c asked. Rice—Nominal; fancy head ■ and Blue Hose. >
Sheep and Lambs.
London Wool Sales Open.
> choice yearlings.
Live Stock.
12. — Hogs—Receipts, *23.40: heavy weights.
^wsight. .*21,50023.4.;
; light lights. *19.25 »ws. smooth. *20.250
sows, rough. *19.25030.23; pigs.
unsettled; beef weight, choice and good. St butcher cat*7.50014.50; Veal calv *20.00021.00; feeder fteers, 87.O80U.25; *9.75016 75; cows
LONDON. August 12.—The wool auction sales were resumed today with offerings of. 7.572 bates. Competition wss active for fairly good lines, which were unchanged. Inferior grades were generally 5 per cent, lower.
State and Municipal Bonds We have an attractive list of state and municipals yielding from *4.35 to 5.40%.
Fed-
Exempt from all eral Income Taxes
Seed Price*.
Circular listing issues will b< sent upon request for IN-238.
TOLEDO, August 12.—Clover seed—Prime cash. *30.00: October. *30.40; December, *29.25, March. *29.86. Alsike—Prime, cash. 823.15; October and December, >25.40. Timothy— Prime, cash, old and new, *5.40; September. 85.85; October, *5.70; December, *5.82%; March. 15.97%. j DULUTH. August 12.—Linseed; On track, j *6.10: to arrive. *6.10; September, *6.06 hid; S October, *5.82; November, *5.71; December. ' *5.62 asked. CHICAGO, August 12.—Timothy seed, 19.00 I 011.75. Clover—Nominal.
The National City Company
Correspondent Offices in SI Cities Indianapolis—Fletcher Savings and Trust Bldg. Telephone—Main SOIL
glad to send on request.
Indianapolis Securities Co.
Third Floor Law Building. Indianapolis, lad.
FRANK K. HAWYKR. President.
100% SAFB
A “Peerless” High-Speed Reamer
the toughest
Is tougher than carbon reamer—
The high-speed steel blades are brazo-hardened into the carbon steel body.
We’ve watched this reamer prove itself in countless cases during the past ten years—
high-grade specialty salesman, it to improve in salesmanship,
We KNOW it’s tougher than any other reamer. We frankly regard it as the ULTIMATE high speed reamer—
, results.
Because it not only is a BETTER high speed reamertougher and far less liable to breakage—but it actually costs less than the old time brittle type.
If you are a
And you want to improve in And you are a scrapper for We want such a man in our
We sell our high-grade securities in towns. In which we build our large modem theaters,
mm
t
On the main street, next to busiest corners,
' - ‘ p by real estate
■■ •
Securities always backed up _
Are easily sold by genuine specialty man.
Vonnegut Hardware Co. Indianapolis.
Address Box 619, News
'M-r
■,080; firm:
’.25; ■
ywling wetnero n< VlO4S0 mi *” 5 °
CITIZENS GAS COMPANY 10% STOCK OTTO F. HAUEISEN & CO., 412 Fletcher Trust Bldg. Main 3698; Automatic 23-498.
m,.. gs«g
Other Live Stock Market*.
BKSg&!
jES 1
bulk, IS.0*
■p&L
Money to Loan on Mortgages STATE LIFE INSURANCE CO.
cancalves.
FACTORY AND MINE SUPPLIES
Stock.
•meat treat
-•* -3c- ‘ * r ;- • : • V X.'.M
W'&ss.
I 7- '
Immediate Ship*
STEEL BARS, REINFORCING BARS, SHAFTING, SHEETS, BOLTS, RIVETS, BELTING* PULLEYS, PACKING, FITTINGS, ELECTRICAL SUPPLIES. THREADING TO ORDER.
Ceaaalt Wit* Ca.
Var Camp Hardware and Iron Co.
'
Empire Gas and Fuel Company
Bond Secured Sinking Fund Convertible 6% Notes of 1924
These Notes may be immediately converted par for par
into the 8% Cumulative Preferred Stock of
and Fuel Company. This conversion privilege possesses
the following features of value to investors:
i
mm
Monthly dividends at the annual rate of 8%. Earnings six times dividend requirements.
Company discovered and owns the greater part of two of the most important
oil fields in the Mid-Continent.
Company ranks among largest producers of high-grade crude oil in the world. Company is a complete unit in the oil industry; producing, transporting, refin-
ing and distributing.
Properties constitute substantially all petroleum and natural gas subsidiaries of Cities Service Company operating in Kansas, Oklahoma and Texas.
and gas leaseholds, selected
/ I
Company owns 3,000,000 acres of reserve oil
experts.
Estimated value of properties exceeds $300,000,000. Investment in physical construction alone more than
by ;
Ml ’
Future increases in amount of Preferred stock limited by p ative as are usually found in bond mortj
as conserv-
Initial issue of $15,000,000 Preferred stock purchased by Cith pany for cash. PRICE-
Descnptive circular may be obtained from dealers.
% ' t ^
Henry L. Doherty & Company 60 Wall Street