Indianapolis Times, Volume 33, Number 45, Indianapolis, Marion County, 2 July 1920 — Page 21

HRONG TONE IN STOCK MARKET Bices at Top Levels Around ifgl End of Trading. NEW YORK. July 2.—The stock market dobed strong, with nearly all lead■na Issues rising to highest levels in the mil trading. Sjteel common rose to OS's, and Baldwin was over 2 points higher at 121%. oil issues were in demand. PanAmierican Petroleum closing at 104% and Mexican Petroleum up 5 points at 188%. Vanadium Steel was the feature, moving up to anew high of 01. Marine preferred advanced to 92. Government bonds dosed unchanged,? and railway and other bonds strong. ACTIVE OIL STOCKS. (By Thomson & McKinnon) —July 2 —Opening— Bid. Ask. Anglo-American Oil 22% 23% -Atlantic Refining 1350 1200 florae-Scrymser - 425 475 Buckeye Pipe Line, .v 84 $ Chesebrougii Mfg. C0n5....... 22a 230 Continental Oil. C OlOl-B^3 -• ■ 1'4 >| 115 Cosden Oil and Gas 6% 7% Crescent Pipe Line.. y 27 30 Cumberland Pipe Line <145 160 Elk Basin Pete 7% 7% Eureka Pipe Line : PS 101 Galena-Signal Oil. pfd (neve*, 88 92 Galena-Signal Oil. c0m...y.. 42 45 Illinois Pipe Line. 148 153 Indiana Pipe Line ~... 84 s7 Oil „ 15% 15% Midwest Oil 1 % 2 Midwest Refining A 142 145 National Transit ...... 25 26 New York Transit...* 152 157 Northern Pipe Line. 90 95 Ohio Oil 275 2SO Penn.-Mex. , 42 45 Prairie Oil and G're 550 560 Prairie Pipe Line*. 195 IPS Solar Refining 335 350 Southern Pipe LVfae 120 125 South Penn Oil. 265 270 Southwest Pen** Pipe Lines.. 64 68 Standard Oil 'Jo. of Cal 306 312 Standard Oil Cos. of Ind 650 6>50 Standard Oil Cos. of Kan 520 540 Standard 01 1 Cos. of Ky%... 300 375 Standard On Cos. of Neb 420 450 Standard CAi Cos. of N. Y 380 365 Standard Oil Cos. of Ohio.. 420 425 Vacuum 'Ail 370 SSO Washlng'ioa Oil 27 S3

MOTOR SECURITIES. —July 2 ffßy Thomson & McKinnon.) j Bid. Ask. Cha’xners com... 47 50 Chalmers pfd......... 2 5 Packard pfd IS 19 F\ievrolet 86 88 ].<eerless ■ ,250 500 'Continental Motors com 34 36 e*ontincntal Motors pfd 10 10% Hupp tom 1*6% {<B% Happ pfd 16 16% Tteo Motor Car 97 101 lagln Motors 21% 21% Grant Motors S 8% Ford of (Canada 6 u% International Motor com 3SO 385 National Motors 40 50 Federal Truck 16 10 Paige Motors 30 32 Truck 28 30 CHICAGO STOCKS. (By Thomson & McKinnnon.) —July 2 Open. High Low. Close. Armour pfd .... 92 93 92 92% Okrb & Carb 64 64% 64% 64% Libby 12 12% 12% 12% Natl Leather ... 11 11% 11 11% Stewart-Warner. 40% 40% 40% 40% Swift & Cos 108 108 107 107 swift Inti 35% 35% 35% 35% NEW YORK Cl'RB. (By Thomson &. McKinnon) —July 2 Bid. Ask. Curtis Aero c0m..., 3 6 Curtis Aero pfd— 4- 70 Texas Chief 1" 16 Sub Boat .a 12 15 First Natai Copper... % 1% Goidfieldflbn S 10 1 1% Hava* pfd 5 10 Cojit. 6% 6% Jumbo 5 7 Internalßoai Petroleum 34% 55% Indian racking Cos 8% 9 Royal Baking Powder 20 Royal Baking Powder pfd 80 85 Standard Motors 8% 9% Carib OU 19 20 Salt Creek-, 32% 33 Tonopah Extension 1% 1% Tonopah Mining 1% 1-t United P S new 1% 1% U. S. Light and Heat 2% 2% U. S. Light and Heat pfd 2 3 Wright-Mattin 3 6 World Film % % Yukon Gold Mine Cos 1 1% Jerome 5-16 8 New Cornelia 16 IS United Verde 30 32 Asphalt "3% 74 Sou. Trans 6 KKequoyah % % (Attar 4% 4% Republic Tire 2% 2% Prod. & R * 7%

Terse Market Notes

—July 2 BTOCKS—Twenty representative industrials at tha close of business Thursday showed an average of 91.26, an increase of .50. Twenty rails averaged 70.96, up .06. New England shoe manufacturers arc planning a series of dlrect-to-the-pnhlic sales in large cities to unload heavy snrplns stocks, which it has been found necessary to convert into cash at any price. Principal mill? of the American Woolen Company, now operating three days n week, will be shut down completely for an indefinite period on July 10. This is the direct result of cancellation of order*. Considerable bullish talk is heard in connection with United Retail Stores, with the belief expressed that the stock will sell much higher. New York end Chicago bankers will ofler $25,000,009 twenty or twenty-rive year sinking fund bonds of Switzerland next Tuesday. The interest rate of the Bank of England remains unchanged at 7 per cent. No xapld decline in prices is seen by the National City bant of New York, according to its July circular on the bituminous situation. GRAIN —One cause of the break in ot 18 was a rumor that the French gover. ment had cancelled orders to two cargoes. / For the first time in several years • handlers are able to buy corn within a treasonable premium over the deferred dettiverles. They have taken advantage of condition to rhe extent that shipHrs have supplied their July-August re Hurements. Industries are buying only B meet daily needs, and elevators have Kme accumulations for delivery, there Hiving been 300,000 bushels sold to go to Hire. ■The leisurely attitode of cash corn Kuyers suggests that all urgent needs nave been supplied. Imports from Man(churla and Argentina are supplying inklustries on the two cousts. I COTTON —The department of agriculture estimates the area of cotton in cultivation this year in the United States Es 85.540.000 acres, as compared with 35.u 33,000 acres a year ago. an increase of 871.000 acres or 1.1 per cent, k The condition of the growing crop on ■une 25 was 70.7 per cent of normal. H.A condition of 70.7 on June 25 forecasts per acre of 155.9 pounds and a Hi) prodnctlon of 11,450,000 bales. FINANCIAL EIkIRS PREPARED TO MAKS REA i loans promptly. VVH realty contracts bonds and stocks AND UNLISTED. SECURITIES CO. K. SAWYER. Pres. floor. Law Building. Mortgage loans made on good rami IfSßdgSßp roved city properties. omfTTl FINANCE COMPANY. 10S N Main In ali branches AUBREY ||||®P|ilrEß. Peoples Hj:,k Bldg. second mortgagee on (arm or MSHHHperty- AETNA MTU. AND INV. . 7101 60S Fidelity Trust Bldg. ;tv ; SHi c per mouth. •'hSh 5 ' JEWELRY CO., is Monument.

Indianapolis Securities

STOCKS. —July 2 Bid. Ask. Ini. Ry./& Light com 65 Ind. Rs, & Light pfd 95 Indpls.Afe Northwest pfd 75 Indpls. & Southeast pfd *5 Indpia. Street Railway 53 60 T. m, I. & E. com 1% ••• T. 1. & S. pfd Ok ... T. H,, T. & L. pfd I'. TANARUS, of Ind. com: T>. T. of Ind. Ist pfd * ••• ’J. /£. of Ind. 2d pfd - com •ht'.vance-Rumely pfd yrner. Central Lire 235 •kmer. Creosotlng Cos. pfd.. 91 ... 1 Belt Railroad com 77 ... Belt Railroad 48% r ... Century Building Cos. pfd... 98 Cities Service com 325 330 Cities Service pfd 04% 65 Citizens Gas Cos 28 Dodge Mfg. Cos. pfd 99% ... Home Brewing 55 ... Indiana Hotel com 60 •Indiana Hotel pfd 91 Ind. National Life.. 4% .... Ind. Title Guaranty 63 70 Indiana Pipe Line * ... Indianapolis Abattoir pfd.. 48 Indianapolis Gas 49 51 Indpls. Tel. Cos. com .. 2 Ind pis. Tel Cos. pfd 75 Mer. Pub. Util, pfd 43 53 National Motor 16 20 Public Savings 2% ... Rauh Fertilizer pfd 44 Standard Oil of Ind Sterling Fire Insurance 8% 9% Van Camp Hdw. pfd 96 VaaCamp Pack, pfd 96 VanCatop Prod. Ist pfd..,... 95 Van Camp Prod. 2d pfd 94 Vandalia Coal com s Vandalia Coal pfd 10 Wab3Bh Railway com 7 Wamash Railway pfd BANKS AND TRUST COMPANIES. •Aetna Trust 100 ... Bankers Trust 18 City Trust Cos 82 Commercial National 65 ... Continental NatioiAl 112 Farmers Trust 200 Fidelity Trust 120 Fletcher American National. 257 •Fletcher Sav. & Trust 163 Indiana National 285 295 Indiana Trust 195 Live Stock Exchange 450 ... Merchants National 273 •National City 112 People's State 176 ... Security Trust 120 •State Savings and Trust.. S5 Union Trust 310 370 Wash. Bank & Trust 140 BONDS. Broad Ripple 5s 46 i Citizens St- Ry. 5s 72 80 I Ind. Coke & Gas Cos. 6s 89 ... 1 Ind. Creek Coal & Min. 65. e.. 98 ... Ind. Northern f>9 ! Ind. Union Traction Indpls. & Colum. South. 55... 88 ... Indpls. & Greenfield 55....... 90 ... : Tudpis. A Martinsville ss. .. 59 ...'■ Indpls. & North. 5s 34% 40 ; Indpls. & Northwest. 5s 61 1 Indpls. A Southeast. 5s 44 Indpls.. Shelby. A S. E. 5s 95 Indpls. St. Ry-4s 32 60 ! Indpls. Trac. A - Ter. 5s 64 ! Kokomo, Marion A West.... 80% 84 i T. H.. I. A E. 5s ; Union Trac. of Ind. 6s Citizens Gas 5s 73 80 Ind. Hotel Cos. 2d 6s. 96 100 Ind. Gas Cos. Os 72 80 Indpls. L. A H. 5s 75 82 Indpls. Water 5s 87% 92 1 Indpis. Wafer 4%s 70 80 M. H. A L. ref. 5s 88% 94 New Tel. Long Dig*. 5s 93% Sonth. Ind. Power Cs 90 •Ex-divldend. LIBERTY BONDS. Liberty 4%s 01.02 .... Liberty first 4s 85.70 .... Liberty second 4s 85.36 .... | Liberty first 4%s 86.10 .... Liberty second 4%s 85.54 .... Liberty third 4%s 89.42 .... Liberty fourth 4%s 83.90 .... Victory 4%s 95.74 .... (Victory 4%s 95.80 ....

GOLD RESERVES IN U. S. SHRINK Reduction Since Armistice Totals $384,000,000. By DR. FRANK M. SURFACE. WASHINGTON, July 2.—At the end of the calendar year of 1918 the total stocks of gold In the banks and public treasuries of tho United State* amounted to $3,165,226,000, or about 40 per cent of the world's stock In similar positions. Os this amount-nearly one-third, or $1452,000,000 had been added to our ' slock< through the excess of Imports ! during the four years of the war. Since the early part of 1919 w p. bare i been exporting gold far in excess of <-ur imports. The totai excess of exI ports in 1919 was $291,651,000. For (he flve months of 1920 ending May ki the excess of exports has neen $92.408,000, making a total decrease >n • >ur cold reserves since the armlathd of i 8384,039.000, or approximately one-third j of tho amount gained during the war. Imports of gold in the, lag. five months ; have amounted to nearly S9H.'JOO,oOO, a ! considerably larger amount than was imported in the twelve months of eilher | 1918 or 1919. This Is due to the sblnmznts of gold ' from England In anticipation of the pay- : ment of their share of the Anglo-h reach loan. For the first three months of 1920 the excess of exports over Imports of gold amounted to between <30,000.000 and $40,000,000 a month, but in April and May there was an exwes of import* amounting to about $6,000,000 each i month, due entirely to imports from E'>rdanrt. The principal exports of gold since the armistice ha*e been to Argentina, Japan, Hongkong, China and British India, in the order named. This gold is being sent to the Far East and to South America chiefly to pay for i our excess of Imports from these regions. With the exception of Spain we have sent no significant amount of gold to | Europe, because we already have a large ’ trade balance in that part of the world. Although th'-re has been a rapid decline in our gold reserves during the lust j year and a half, there i* as yet no cause for serious worry. The large Increase ' in the stock of gold during the war whs used as a basis for the vasf body of I loans during that period. If our credit expansion decreases along with our loss ‘ of gold the whole effect will be beneficial. 11 mfist be remembered that uipler the federal reserve system the contraction lof credit must ocqnr at a much more rapid rate than the decrease In gold. { The main bulk of our gold reserve Is In the federal reserve banks. Every gold dollar deposited there serves as a basis of $2.50 in liabilities. When deposited to the credit of member each dollar of such liability may serve as a basis I of isrodit extension of from S7AO to $14.00. Consequently a single gold dollar In the federal reserve banks may serve as ; the basis of as much as $35.00 of credit. The federal reserve act provides that whenever the gold reserves held against federal reserve notos fall below 40 per cent the federal reserve board shall stablish a graduated tax, which shall be added to the rates of interest and discount thus giving an automatic cheek on credit operations. Since credit must be contracted twenty to thirty-five times as fast as the rate of loss of gold this operation may involve some difficulties. The federal reserve deposits of gblA have approached so close to the 40 per cent mark that it has been necessary to rake some steps toward contraction. In addition to our exports of gold there i has been another drain ulfon our stock of this metal. It being estimated that in 1919 abou.it .■noo.ow.nw was used In the production of. manufactured articles. On the other hand the proCiidtlon of gold has decreased over 40 per cent In i recent years. A partial cheek on the use of giAd in the trades could be brought by increasing the price of gold bars at the mint. This price is $20.67 per ounce, which is tne same as tb.it charged, before the war. It is alleged that this price is less than the present cost of production of new gold. The further expected importation of gold from England will preTftnt any serious depletion- of our stock. In the Immediate future. It is believed that this xrsU give sufficient time for the measures adopted to the federal reserve board to contract our bank credit to u safe margin.—Copyrigilt,

GOOD HOGS SELL 16 CENTS LOWER ■■ Cattle Market Slow—Calves and Sheep Weak. RANGE OF HOG PRICES. Good Good Good. Jux* Mixed. Heavy. Light. 20 . $16.00 016.50 [email protected] 416.26016.50 28. 16.000)16.26 15.50016.00 16.00016.45 29. 10.00 016.2"- 15.75010.25 10.25016.50 80. 16.00016.50 15.75016.26 16.60016.76 July 1. [email protected] 15.75016.00 10.25016.50 2. [email protected] 15.75016.00 16.00016.35 Receipts, 9,000, with 1,600 left over; market weak. With a run of practically the same size as for Thursday, when a large number of hogs remained unsold, buyers again demanded concessions on the part of sellers and a further recession of 15 cents on the hundred was forced as a result. Light Inquiry from the east left the situation largely in the hands of local packers, and trading was not quite so > active as has been the case In the last | few days. Good to choice light hogs sold around I $10.35, although a top of $16.50 was ! reached in a few sales of fancy stock. Pigs ranged from $14.50 down, while I roughs brought $13.50 at the top. V Cattle. Receipts, 1,200; market slow and steady j to weak. Trading was dull in cattle, with desirable grades of steera extremely i sciutre. common stuff move dfalrly well, but j prices were lower. Calves. Receipts, 900; market weak. Larger receipts than were needed to fill orders brought about another reduction In the values of calves, prices receding 50 cents along the line. Good veal calves sold at <13.50@14, with odd sales of fancy calves at $14.50. Sheep and lambi. Receipts, 400; market weak. Sheep also were forced lower, with the best fat sheep bringing only $5. while common sheep ranged down to $2. The best lambs were to be had at sl2 @l3, with a few going at $13.50. HOGS. Best light hogs, ICO to 250 lbs “ average [email protected] 250 to 300 lbs average [email protected] Over 300 lbs average 15.00<5i15.{50 Best pigs, under 140 lhs [email protected] Bulk of good hogs 16.36 Top 10.50 CATTLE. Prime cornfed steers, 1.300 lbs and up 15.00@ 16.00 Good to choice steers, 1,300 lbs and up [email protected] Good to choice steers. 1,101 to 1,300 lbs [email protected] Good to choice steers, 1,000 to 1,100 lbs .. [email protected] Common to medium steers, 900 to 1,000 lhs [email protected]! —Bulls ami Calves — Good to choice butcher bulls. 6 00(0; 3.00 1 Bologna bulls !.... 5 50@ 7.50 ; Light common bulls 5.00@ 5.50 j Choice veals 13.00@ 14.00 1 Good veals 12.0t'@13 00 i Medium veals 9.00@ 12.00 1 Lightweight veals Poo@ 9.00 —Stockers and Feeding Cattle — Good to choice steers, 809 lbs and up [email protected] Good to choice steers, under 800 lbs 7.00® 800 Good cows 7.23® 8.09 1 Medium to good cows 6,25® 7,00 ; ; Good heifers S.Ri({i 9.73 ; 1 Medium to good heifers 7.73jf 9.23 ) Good milker* 100.00® 123.00 : Medium milkers 60.00®, 100.00 : Stoc* calves, 250 to 430 lbs... [email protected] —Heifers and Cows— Good to choice heifers 11.00(313.00 Medium heifer* [email protected] Common to light heifers 7.00® 9.00 . Choice cows 10.00vJ10.30 j Good to choice cows fi.OOjt 9.00 ; Fair to medium cows 7 ou@ 8.00 I Canners 7 00® 8.00 | Cutters 4.00@ 5.00 SHEEP AND LAMBS. I Good to choice sheep 4.00® 5.00 Fair to good sheep 3 00® 4.00 I Common to medium sheep... 2.00*5 3.01 i Bucks 2.00'q, 3.50 Good to (hoice yearlings 6.00® 7.00 Good to choice clipped...*.. 3 Oft'u 0.00 Spring lambs [email protected]

Other Live Stock

CINCINNATI, 0., July 2.—Hogs-xße-celpts, 4,500; market slow and lower; heavy, mixed and medium, $16.50; light, $15.50; pigs. sl2; roughs. sl3! rough*. s9s£9.So. Cittlo—Receipts, 1,100; market weak and lower; hulls weak; calves, $ 14.50® 15. Sheep and lrtntbs—Receipts,, 4,000; market slow and s2s®.Vic lower. EAST BUFFALO. N. Y„ July 2.—Cattle—Receipts, Soo; market slow and ateady; shipping steers, SIC# 17; butcher grade*. $10(310; cows. [email protected]. Calves Receipt*. 2,200; marker slow and steady; culls to choke ss@l7. Sheep nd lam bp--Receipts, 800; market slow; choice lambs. $16.50@17; culls to fair, $11(g15.75; yearlings. $11(312.50; sheep, $5@V. Hogs—Re-elpts, 4.600; market active, 25Q40C lower; rorkers, $16.50@17; pigs. $15(015.26; mixed, *16.750.? 16.85; henries. $16.25(316.50; roughs, $121g!3; stags, $8(310. PITTBBI IIG, July 2.—Cattle—Receipts, light; market slow; choice sl6 50 <5/17; good. $15(316; fair, $1 i<>Tl-'t; veal calves, $15(317. Sheep and lambs Receipts, 5 doubles; market lower; prime wethers, $9.50*910; good, $S®9; fair mixed $7.50(38.50; spring lambs, sloqi IC. Hogs—Receipts, 25 doubles; market lower; prime heavies, $15.90(316; mediums, $16.75® 17; heavy yorkers. sl6 75(3 17; light yorkers, $15.50@16; jilgs, s'.s@ 15X04 roughs, S1K013; stags. $8^8.50."

Money and Exchange

Indianapolis bank clearings Friday were <4.565,000, against $2,971,000 a week ago. NEW YORK, July 2.—Call money— High, 10 per cent; low, 8; sterling rate, 10. Time money—Firm at 8%<39 per cent for all positions. Mercantile paper steady. London money, 4%. NEW YORK July 2.—Foreign exchange quotations were higher nt the openlhg today. Demand sterling was up % cents ui $3.95% ; francs, demand, were 11.92 to the dollar; cables, 11.00; lire, demand, 16X2; cables, iO.fiO; marks, demand. 2.70 cents: cables, 2.72; Canadian dollars, 88 cents.

In the Cotton Markets

NEW YORK PRICES. —July 2 Open. High. Low. Close. January ...y. 31.65 31.65 30.80 31.15 March „. 30.08 30.08 30.15 30.47 May 30.32 30.32 20.70 29.90 July ... 38.70 38.92 38.70 38.90 October yT... 33.50 33.55 32.78 33.04 December .. 32.28 32.35 31.47 31.74 SEW ORLEANS PRICES. NEVT ORLEANS, July- 2.—Cotton futures closed ns follows: January, 30.95 c; Marc/i. 30.30 c; May. 29.75 c; July, 37.08 c; September, 33.18 c bid; October, 32.68 c; Deacjruber, 31.51 c. WHOLESALE MEATS. Wholesale meat prices are quoted by Indianapolis packers as follows: Hams —Regular, 14 to 10 lbs, 41c; sklnued, 12 to 14 lbs, 42%c; fancy boiled, 10 to 13 lbs, 60c. Bacon—Fancy breakfast, 5 to 7 lbs, 49c; fancy sliced, 1-lb. carton, 57e; sugar cured. 4 to 6 lbs average, 46c. Sait Meat—Dry salt Indiana butts, 16%r. Lard— Refined, tierces basis. 21'Vjc; open kettle tierce basis. 23@23V&e. Fresh Pork—Spare ribs, 20tic; shoulder bones, 7tic; te.nderloins, 58@02e; dressed hogs, 24%c. Sausage—Fresh links, 20@20c. IJeefs-Steers, medium, 400 to 500 lbs, 23c ; No. 2 leifers, 20c; native cons, 19@20c; medium cows. 16@17c; loins, No. 2,28 c; No. 3,20 c; ribs. No. 2,36 c; No. 3,25 c; rounds. No. 2,28 c; No. 3,27 c; chucks, Nb. 2,15 c; No. 3,14 c; plates, cow, No. 2, I2e; Np. 3.10 c. LOCAL HIDE MARKET. Green bides —No. 1,16 c; No. 2,15 c. Green calves—No. 1,25 c; No. 2,231,4 c. Horsehldea—No. 1, $9; No. 2, SB. Cured hides—No. X. 18c; No. 2. 17c. V

INDIANA DAILY TIMES, FRIDAY, JULY 2,1920.

GRAIN LOWER ON HEAVY SELLING Profit-Taking Reveals Slow Future Demand. (By Thomson & McKinnnon.) Distinctly favorable weather for the growing crop of corn and a very slow cash demand were Ignored In the early market. The slow demand also was noticeable in the deferred deliveries, this condition being disclosed when some profit-taking sales were attempted. General liquidation developed as prices declined, with cash corn showing as much' weakness as the deferred deliveries. Contract grades of corn are at smaller premiums over the September than at any time during the last crop year, and a new demand of any breadth is not discoverable. ' Liquidation has been rather thorough today and the market may steady itself tomorrow under short covering, but It seems that the general weakening of cash corn everywhere and the excellent weather for the new crop suggest a further decline ultimately. Earlv strength In oats was a matter of light offerings rather than any nefvg or important demand. Existing weather can not be construed os anything other than favorable and new shipping demand for old oats remain* slow. Difficulties of shipment are shown in further cancellations of previous purchases at the seaboard. Unless some unfavorable turn occurs In the weather, this market will sympathize further with corn, but the situation Is not distinctly bearish. Supplies at terminals are decreasing rather than piling up, and the movement from the country is light, likewise offerings of the new crop. CHICAGO GRAIN. —July 2 CORN—Open. High. Low. Close. Loss. | July 1.72% 174 1.68 1.09% 2% Bept. 1.70% 1.71% 1.00% 1.60% 3% , Dec. 1.56% 1.38% 1.53% 154% 2% ° July” 102 1.02 % 99 99% 1% Rent 86% 80% 83% 83% 2% Dee. 83 83 % 80% 80% 2% PORK July 32.30 32.40 20 25 29.25 1.30 Sent 34.50 34.75 30.19 30.50 4.201 LAUD— July 21.15 21.12 18.53 18.53 1.5 Sent 21.25 21.25 19.20 19.55 1.70 Oct. 21.30 21.40 RIBS— . ... i July 17 92 I8 60 1.351 Sept 17.00 17.40 1.52 PRIMARY MARKETS. (Thomson A McKinnon), —July 2 —Receipts— Wheat. Corn. Oats. .Chicago 75.000 29>.000 205,000 Milwaukee 7.C00 9.3,000 24,000 Minneapolis 242.000 30.000 58,000 Duluth 121,000 51.000 Rt Louis 130,000 129,000 110,000 Toledo 10,000 9,000 16,000 1 Detroit • 3,000 6,000 9.000 Kansas City ....161.000 26.000 7.000 ( . Peoria 5,000 84,000 31.090 Omaha 88,000 74.(00 40.000 Indianapolis 88,000 26,000 Totals 822,000 831,000 8*77,000 Year ago—Holiday. —Shipments— Wh-at Corn Oats Chicago 42.000 113.000 242.000 Milwaukee 8.000 12,000 30,000 Minneapolis 196,00 25.0C0 121,000 Duluth 1.000 2,090 Rt Louis 27,000 86.00*1 51,000 Toledo 3.000 3.900 Kansas City ....123,000 21.0*>0 7,000 Peoria 1,000 08.0(0 86,000 Omaha 74,0(0 06.000 32,0*90 Indianapolis 32,000 8,000 Total* 445,000 396,000 529,000 Year ago—Holiday. —Clearances - bom W. Corn. Oat*. New York 142,000 New Orleans 128;COO Totals 270.000 Y'ear ago—Holiday. INDIANAPOLIS laSII GRAIN. July 2 Bids for car lot* of grain and bay nt the Indianapolis Board of Trade today were: Corn—Weak. Oats—Week; No 2 white, $1 [email protected]% ; No 3 white, $1.13%. Hay—Weak; No. 1 timothy, [email protected]; So 2 timothy, $33(333.80; No. 1 lt--bt clover mixed, $33333.30; No. 1 clover mixed, $32.30(333. —lnspections Wheat—No 2 red, 1 cart No. 3 red, r 3 enrs; sample, 1 car; total. 5 car* Corn—No 1 white, 6 cars; No 2 white, 26 cars'; sample white 1 car; No. 1 yellow, 3 cars; No. 2 yellow, 4 -ars; No. 3 yellow, 1 car; No. 1 mixed, 1 car; No ! 2 mixed. 3 cjys; total, 45 cars. Ont*—-No. 2 white. 6 *irs; No. 3 white. I 2 cars; No. Z mixed, 1 car; total, 9 I cars. Hay—Standard timothy, 1 car. WAGON WHEAT PRICES. Indianapolis elevator* and mills are , paying $2.0(9 for No. 1 wheat, $2.57 for ! No. 2 and $2.54 for No 3. All othqr grades according to quality. HAY MARKET. The following are the Indianapolis prices of hay by the wognu load. Hay—Loose timothy, $28030 a ton; mixed, $28@30; clover, $35@36; bale, $25 @3O. Housewives? Market LATEST PRICES Tb# following prices are tne general p*ices charged at the city market, ob- ! tkln.xl by striking an average of the prices charged at various stands: Apples, choice, par lb $ .10Q15 Asparagus, home grnwo, according to size ot bunches.. .03@10 Bananas, I)oz 20®4U Beans, string, lb., 10@20 ! Carrots, bunch 03Q05 ; Cabbage, H> 04@05 Celery, bunch 06(015 Cherries, qt. box .35 j Cucumbers, hothouse, each 10@20 1 Cucumbers, southern 05Q10 Grapefru't. each 10®20 Kale, home-grown, lb 15@20 Lemons, per do* 20@30 Lettuce, leaf, per lb ,15@20 Lettuce, head, each .05® 15 Onions, lb 05@(>7% Onions, Texas Bermuda, 1b.... .15 Onion, green, bunch ,05@07 Oranges, dor. 30@73 J'arslcy, 2 bunches .05 Peppers, green. Florida, bunch ,05@07% Pineapoiea 15@30 Potatoes, peck 1.00@r50 Potaoes. lb .10 ! Potatoes, new, lb .12 | Potatoes, sweet, 3 lbs .25 Radishes, 3@3 bunches .10 ! Rhubarb, 2@3 bunches .06 Spinach, lb lo@ls Strawberries, qt. box 25<ff135 Tomatoes lb 250085 Green peas, lb .25 Scotch peas .12% j Split peas, yellow .12% ' Split peas, green .18 Beans, navy, lb .11 Beans, lima, lb. .17 Sugar, soft A .26 Sugar, granulated 26@34 Beans, Colorado plntas, 1b.... .10 Beans, kidney .18 PRODUCE. Hens, full dressed, lb A3@55 Live hens .40 Llvo springers .75 Eggs, fresh, select, do* .43f$R5 Duck eggs, doz... 50 Butter, creamery, lb 60®65 WHOLESALE PRODUCE. Wholesalers are paying the following prices In Indianapolis for eggs, poultry and packing stock butter: Eggs—Fresh, loss off. 36c. Poultry—Fowls, 27e; broilers, 1% to 2 lbs, 60c; cocks, 16c; old tom turkeys, 30c; young tom turkeys, 12 lbs and up, 36c; young hen turkeys, 8 lbs and up, 35c; cull thin tt.rkeys not wanter; ducks, 4 lbs and up, £oc; ducks under 4 lbs, 17c; geese, 10 lbs and up .10c; squabs. 11 lbs to doz. $7.50. Butter—Clean packing stock, 34c lb; fresh creamery butter In prints is selling at wholesale at. S9@6oc; in tubs, 58c. Butterfat —, Indianapolis buyers are paying Co@6le. Cheese (wholesale selling prices)— Brick, 30@35c lb; Now Y’ork cream, 35c; Wisconsin full cream, 32%@33%c; longhorns, 33%@35c; limburger, 34®38c.

On Commission Row

TODAY'S PRICES. Apples—Barrels, $10@12; boxes, s4@ 4.50; baskets, s3@o. Asparagus—F'ancy home-grown, dozen, 36@40c. Bananas —Pound. B@loc. H Cabbage—Fancy Texas, barrels, 2%@ 3%c; Mississippi, [email protected]; homegrown, bbl, fS. Beans—Michigan navy, in bags. per lb, B%@9c; California limas. in sacks, 13 @l4c; marrowfats, per lb, 14%@15c; rancy Tennessee, green, per hamper, f)[email protected]; fancy Mississippi, $3.25; ome-grown, per hamper, $5. Beets—Fancy Kentucky, per hamper, $2; home-grown, doz, Csc. Cantaloupe—Crate, $4(04.50. Carrots —Forty-lb Dasket, $2.50. Cauliflower—Crate, s3@4. Celery—Florida, per crate, $7; fancy trimmed, per doz, [email protected]. Cucumbers—Fancy hothouse, per doz. $2; fancy Florida, 5-doz crate, $3.25; home grown, dor, $1.50@2. Grapefruit—Extra fancy Floridas, $4.50 @6.50. Kale—Fancy home grown, per bu. sl. Lemons—Extra fancy California, $5.50 j @O. Lettuce—Home grown leaf, per lb, 11 @lsc; Iceberg head lettuce, per crate, $3 j @0.50. Mangoes—Fancy, basket. [email protected]. Oranges—Extra fancy California navels, $5.50@7; Valencias, $4.75@6: extra; fancy Mediterranean sweets, $0.50@8 Oiiions—Fancy new Texas white. 50lb crate, $2; same yellow, $1.75; home ; grown, green, doz, 10@25c. Parsnips—Fancy, 65-lb hamper, $1.65. Parsley—Fancy home grown, 33c doz; southern, $1 doz. Poaches—Fuuey Georgia, bu, 51.50. I’ess—Fancy Mississippi, per hamper, s*@3.so; fancy telephones, bu, $4. Pieplant—Fttncy homegrown, 25@40c doz. Pineapples—Ripe Havanas. $4.50(07.30. Potatoes —Northern whites, $-8 per 30b tbs; bags. sl2; nex Texas, $9 per 100 lbs; fancy new Florida Rose, per bbl, $14.5C@15; per 55-lb basket, $5.23. Radishes—Home grown, button, aoz. bunches, 25@35c; southern, long, 15@20c. It a spberrle*—Case. ss@o. Seed Potatoes—lrish Cobblers. Maftie, per 100 lbs. Sweet Potatoes — Fancy Jerseys, s3@ 3.25 per hamper Seed Sweet Potatoes—lndiana grown , yellow Jerseys, per bu, $1.25. Snlnneb —Fancy, per bu, sl@2. Strawberries—Arizona*. 24-qt. case, $S i @SSO; Tennessee, 2!-qt case. $3.50(34; Kentucky Aromas. 24-qt cose, $8.50; home grown. 24-ct cqse, SG; Indiana Aromas. 24-qt case, so@B2Xr. Tomatoes- Basket, $3.25(33.73; fancy. Texas, 4-basket crate, $2.50. Watermelons—Fancy Florida, 90c. Two Black Eyes in 2 Days Too Much—Wife TAYLOR VILLE, 111., July 2.—Christiau county is boarding Levi Moore now. He stands to get the free eats and lodging for two hundred and twelve days. Why? Well, Moore came home the other day and something went wrong. Shortly afterward Mrs. Moore had a black eye. The next day Moore came home again and gointhlng went wrong. And as before Mrs. Moore emerged with another darkemsd optic. Two black eyes were too much, so she went down and swore out a warrant for her husband's arrest, charging him with assault and battery. The fudge thought Moore ought to be given two hundred and twelve days in Jail to think it over, so they sent him there for that time. But Moore hasn't got it so nice and free and easy. They gave him a nice little bucket _gnd mop to continue his prowess on In the direction of cleaning the Jail from stem to stern once daily. Mayflower in Shape for Summer Cruises WASHINGTON, July 2.—Commander Ralston S. Holmes, skipper of the Mayflower. the presidential yacht, reports that the Vessel will be readiness tor a •rulse within a few days, although the p-'*ldent and Mrs. Wilson are not expected to take any river trips until later In the season. The Mayflower has undergone extensive repairs jind alterations during the last few weeks in preparation for the president's week-end cruises.

$|0.75

Our object in making this exceptionally low price on a Oupples Tire is to Induce you to “try it out.” AIJ we ask Is that you run one of these tires opposite any fabric tire you can buy and then keep tab on the mileage. Our own tests have proved that this tjre will stand more abuse and give longer mileage than any fabric tire that sells at 20% higher price. 7,5000 MILES GUARANTEED If with reasonable care your Cuppies does not give you /ull 7,500 miles, we will make liberal adjustment on a mileage basis, taking tho prevailing factory price into consideration. Try one or more Cupples Tires and we predict that you will prefer-them to any brand you have ever used. They come as nearly equaling a cord tire as the highest priced fabric tire on the market.

ALL DAY SATURDAY IT ‘Ol7 IT WE WILL REPAIR TUBES J& £%.JLaJC4 Bring in one or two of your tubes that need patching. In less than two minutes we will repair a puncture or a small blowout. You can inflate the tube immediately. If the patch fails \ye will give you anew tube. We are glad to give you this free service to prove “Seal Fast” patches are the quickest and most reliiable patches eyer sold. You can repair your own tubes with “Seal Fast” patches at an average cost of two cents per puncture. You can do the work in two minutes. A box contains sufficient material for 25 punctures, 50£. Sent by mail, postpaid, on receipt of price.

Guarantee Tire and Rubber Cos. 211 and 213 South Illinois Street. The Largest Exclusive Tire and Open Saturday Night Accessory House in Indiana. * and Sunday Morning.

Brides Under 16 Must Continue Schooling SACRAMENTO, Cal., July 2.—While there is no provision in-the school law lo prevent girls under the age of 16 ac'ceptlng proposals or contracting marriage. the marriage itsolf does not offer sufficient excuse in such cases to keep the young brides away from full time classes at school. This Is according to a ruling by Will O. Wood, stato superintendent of public instruction, in answer to a query raised several times during the last few months. “We have gone into this question thoroughly," Wood stated in explanation of the matter, “an.l while there is nothing In the school law to prevent girls .10 from getting married, young brides of this character must go to school full time the same as their unmarried sisters, unless a certificate signed by a physician is presented to the school authorities showing that the physical condition of the pupil is such as to render attendance inadvisable, or that there is no school within reach.” Wireless Operators Plan Big Ship Strike LONDON, July 2. —Marine wireless operators have handed an ultimatum to the Marconi Company announcing that they will call a sea-wide strike unless their claims filed in September, 1919, are met. In their declaration the operators apologizing to passengers for depriving them of their safety in the event cf a strike. Deaths Katherine Heinlein, CO, 323 Agnes, carcinoma. Mai in da I. Beck, SO, 3323 East Washington, carcinoma. Dorothy Ford, 9 months. 541 West SixiApnth pi ace, pertussis, Thelma Nadeen D-rls, 8 months, 777 West Twenty-sixth, pneumonia. Ellzaboth York. 22 days. West Washington, gastro enteritis. Melba Rose Davis, 2, Glty hospital, broncho pneumonia. Minnie Hart, 36, Central Indiana hospital, pulmonary tuberculosis. Barbara Pflrmann, 78, 1042 North Capitol, uremia. Robert E. Green, 20. Fall creek and Nineteenth, drowning (accidental). Wanda Belle Lawrence, 2 days. Long hospital, atelectasis. Infant Stumps, one hour, 709 Sanders, nonclosure foramen ovale. Samuel L. Houser, S6, 2340 College, bronebo pneumonia.

J. F. WILD, Ji\, BROKER 315-320 LEMCKE BUILDING 1 BUY* Commercial National Bank Stock u Consolidated graphite $3“ Go. Main 1734 PHONES Auto. 21*733

CENTRAL STATES AGENCIES Incorporated under the laws of the State of Indiana Financial Brokers and Underwriters Market Price Paid for Liberty Bends Phenes ‘xo£!**V-**V 7 127 E. Market St., Indianapolis

Is Saturday’s Price on Cupples Tires

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Marriage Licenses

Ora E. Scarbrough, 14. Puritan Bed Springs Company, 835 Chadwick street, and Ruth E. Nuchert, 16, 407 West McCarty street. Thomas Warrenbnrg, 33, teamster, city, and Catherine Yount, 20, 1617 Kelly •treet. Alden H. Sherwood, 37, soldier. Ft. Benjamin Harrison, and Silvia A. Psdlgo, 38, city. William M. Miller, 26, musician, and Florence Murray, 19, Elwood, led. Herbert O. Lyman, 18, iron .worker, 1464 South £*B7 street, and Marie H. Miller, 19, city. James E. Elliott, 30, salesman, 310 North Illinois street, and Jessie Metcalf, IS, 1929 North Pennsylvania street. William A. Bernauer, 23, showman, 2949 Paris avenue, anrl BThth Belle Quick, 21, 1050 East Vermont street. Thomas Woods, 22, chemist, 313 North East street, and Dorothy Heath, 20, 315 North East street. John Taylor, 40, baseball player, 716 West Pratt street, and Susans Ryder, 24, 635 West street. Walter Dalton, 45, farmer, Castleton, Ind., and Lucy Robison, 25, 1954 Lewis street. Abe L. Hoehma,n, 22, clerk. 401 We3t Washington street, and Fannie F. Farb, 22, 1440 North Highland avenue. Births Herbert and Marie Cobb, 121S Linden, boy. William and Fannie Magee, 2843 Moore, girl. David and Eliza Watkins, 417 Smith, girl. Edward and Bura Chapman, 1224 North Dearborn, girl. Abraham and Matlle Haboush, 3224 East Michigan, boy. Fred and Mary Deford, 2249 Massachusetts, boy. Clarence and Nellie Mackey, 220 West Twentieth, girl. John and Nell Danahey, 41 Parkview, boy. Arthur and Mabel Sides, Deaconess hospital, girl. Durward and Margaret Conway, Deaconess hospital, girl. Willard and Lena McGaughey, 3223 We*t Michigan, g.rl. William and Anna Lover, 404 North Pine, boy. > John and Bertha Connell, 1238 Vanderman, girl. Forrest and Dorothy Davis, 927 West Thirty-fourth, boy. CHICK HAS FOUR LEGS. PETERSBCRG, 111., July 2.—When Sambo breaks into Earl Hodgen's chicken coop here he i3 going to be pleasantly surprised, for Hodgen has one chicken that Is almost the equivalent of two as far as quantity goes in the fry.

Fire and Burglar Proof Safes and Vault Doors Real Fireproof Filing Sales in Five Sizes From 20i$0 to 40x60 Inside. These safe* tan b equipped with any *teei filing system. A complete line of office furniture and equipment. Aetna Cabinet Company Display rooms 321-J4* VV. Maryland St., Indianapolis

These tires are made by an old St. Louis house whose reputation for quality goods Is nationally known. Ask your grandad about the Cupples Woodenware Company. Only selected high-grade .building fabric is used in Cupples Tires, For friction and cushion rubber stocks only highest grade compound is used—a compound that is the result of long chemical experimentation. The white tread compound used in Cupples Tires is tested both in the laboratory and on the road in actual service. Every Cupples Tire is hand-made and as nearly perfect as a tire can be. We Pay Delivery Charges We not only pay the war tax, but we also pay parcel post carges on all tires within 300 miles of Indianapolis and guarantee tafe arrival. W'e are the first tire accessoryhouse in the United States to relieve. our customers of the annoyance and expense of parcel post shipments. Mail orders dated Saturday, July 3, will be filled at the special prices quoted above.

Ask the * -■" “*■ * TIMES Whatever You Want To Know The Indiana Daily Times has established a Free Information B.ireau at Washington which i3 at the service of eVery reader of this newspaper. The purpose of the Indiana Daily Times Wathingtcn Bureau is to give practical help to Times readers in their homes and in their business —through serving as a clearing house of information between the United States Government and the public. What This Information Bureau Means to Everyone lf~esn asms? you tn your business, help you in your home, post you on now law3 and government ordcro snd anowor tho questions everyone is asking today. . Summed up in a phra*e, the object es tt Indbxaa Dally Times Information Dcreau at Washington is U toll you “Whatever You Wish to Kcow.u ... Ths Information Bureau eodeivors t* answer questions In such a way that tab answer* ar es tho greatest practical rains. It replies Cos viur inquiry by $••&! letter. In addition, it iMs you any books, bamphloM or donunsenta published by tlw United State* Gorerfcmet qa the shMect in which you are interested. The services of Mr. Frederic J. Batkin have beet secured to conduct'tho Bureau. Mr. Raskin Is wall known az one es the leading cutler It Is a on tho workings of tb* Foaoral Government, and ax a man of long experience In the accurate gathering and reporting of fact*. Hit position at Washington fits him peculiarly for the Bureau's work. Service Without Charge The Indiana Daily Time* Invites it* readers to make the fullest r.e* of it* Washington Bureau. There is no charge of spy hind far this service. The io!o requirement Is that you enclose a 2-ceat stamp with your query, for postage oa replv. All. Inquiries ary held strictly confidential. Questions and anawors that are not of persona) n.?tnro and are of general interest aro published In The Time*, with semes omitted. For Business Men Progressive business mea will jppreclat* the value of an expert and comprehensive Washington Information service. Tbs great mats of new legislation. executive orders, department regulation*, court flectaiors nuc similar instaadq* of government activity affecting the business wirlg, rol* problems almost daUy. -.Whore 'he** problems affect jour business you desire speclfle and definite Information, aad perhaps printed copies es bill* and oxocatlv# order*. Tfee Indian* Dolly Time* laforamtion Bureau stands read? to aupply you wita these things upon rsquast whenever they are available. For Women The Information Bureau Is in position to give service of great value to Women. Every household problem has been studied by the government. There are literally hundreds of publications available alooir this lino, showing bow to save time and labor and money in tho home. The next time some household oroblom comes uo—some task flint you think might be done better or more easily If yon knew how, seme annoyance that you think might be done away with— sit down and writ* to The Indiana Dally Times Information Bureau aboct It. You will be surprised to find out how many questions of this aort, from ants in the Ice box and moths In the clothes closet, to ths proper food for young children, the government has thoroughly worked out and solved. In general, we urge women readers to make free use of this information service, asking It any question they desire. General Information Besides such lines of information and service as indicated above, the Information Bureau is equipped to answer the thousand aad one little questions that arise continently. Our National Government is the greatest organization devoted to a single purpose that the world has ever known. The keenest winds, the broadest learning, the most technical skill are turned, day in and day out. on every problem that confronts the American people. Problems of the household, of the factory, of the city, questions of health and hygiene, of opportunity, rs self-help and of help to others—all these, and many more, are studied in the government laboratories and in the fl e ld by men at the head of their professions with the resources of the richest nation on earth behind them. This work Is being done for you. Your government is doing It. You are entitled to the benefit of Its results. (There Is no limit to the number of times you may cal! on the Information Bureau for service. It will always bo rendered, as promptly as possible. Just enclose ' a 2-cent stamp with your Inquiry for return postage. Address all mall to Indiana Daily Times Information Bureau FREDERIC J. HA3KIN, Director, WASHINGTON. D. C. ( Be sure to address mail to our Washington Bureau, not to the Indianapolis office of the Indiana Daily Times )

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