Indianapolis Times, Volume 33, Number 57, Indianapolis, Marion County, 16 July 1920 — Page 18

18

HIGHER MONEY BREAKS STOCKS Bears Use 9 Pet. Renewal Rate as Drive Signal. NETW YORK, July IB—Prices broke sharply throughout practically the entire list In trading on the stock exchange during the early afternoon. The money renewal rate of 9 per cent, as compared with the previous rate of 8 per cent, was used by the bears as an incentive for another drive. The market, after opening weak, gained slightly and then broke. Today’s drop followed a sharp decline in late trading yesterday. Floor traders continued to hammer the market In the afternoon in an effort to uncover weak spots, and succeeded in forcing some of the equipment issues below the morning lows. 'Baldwin, the center of the attack, broke to 114%. American Locomotive wag down to 95%, off 2, while Haskell and Barker lost 4 to 69. Call money held at 9 per cent. A rally set in shortly before the close. Professionals continued to sel lthe market Into the last hour, but when it became apparent It was oversold, traders began covering their short contracts, and, aided by call money rates easing off to 8 per cent. leaders showed some gains. Mexican Petroleum recovered more than ; three points 190%. Closing prices were: I'nited States Steel 91%. of %. Crucible 147, up 1: Mexican Petroleum 191, up 1%; I'nited States Rubber 93%, up 1%: Studebaker 70. off %; Retail Stores 73$*. off Baldwin 117%, up %: Haskell and Barker 71%fi off 1%. Pan-American Petroleum 1 102%, off %; American Woolen 86, up %; General Motors 24%, up %; Reading SS%, off %. Government bonds were unchanged, and railway and other bonds 6teady. Total sales of stocks were 584.500 shares; bonds, $11,199.00. MOTOR SECURITIES. —July 16— (By Thomson A McKinnon.) Bid. Ask. Briscoe 47 50 Chalmers com 2 3 Packard com 17% 18% Packard pfd 85 88 Chevrolet 300 500 Peerless 35 37 Continental Motors com 9% 10 Continental Motors pfd 96% 98% Hupp com 16 16% Hupp pfd 98 101 Reo Motor Car 22 22% Elgin Motors 8% 8% Grant Motors 5 5% Ford of Canada 355 365 United Motors 45 60 National Motors 16 19 Federal Truck...' 32 34 Paige Motors 28 30 Republic Truck 47 49 ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —July 16Bid. Ask. Anglo-American Oil 21 23 Atlantic Refining 1160 1200 Borne-Scrymser 425 475 Buckeye Pipe Line 85 87 Chesebrongh Mfg. Con 220 230 —Chesebrough Mfg- Con. pfd.. 103 108 Continental Oil, Colorado.. 125 135 Cosden Oil and Gas 7% 7% Crescent Pipe Line 27 30 Cumberland Pipe Line 155 165 Elk Basin Pete 7% 7% Eureka Pipe Line 100 103 Galena-Signal OH, pfd (new) 90 93 Galena-Signal Oil, com 42 45 Illinois Pipe Line 150 160 Indiana Pipe Line 85 80 Merritt Oil 13% 16 Midwest OH 1 2 Midwest Refining 146 148 National Transit 26% 27% j New York Transit 160 170 Northern Pipe Line 90 95 I Ohio Oil 283 288 Oklahoma P. A R 7 7% ; Penn.-Mex 42 45 Prairie Oil and Gas 370 580 Prairie Pipe Line 197 202 Sapulpa Refining 5% 6 Solar Refining 350 370 Southern Pipe Line 125 135 South Penn. Oil 270 275 Southwest Penn. Pipe Lines. 65 68 Standard Oil Cos. of Cal 313 318 Standard Oil Cos. of Ind 670 690 Standard Oil Cos. of Kas.... 520 540 Standard Oil Cos. of Ky 370 580 Standard OH Cos. of Neb 420 450 Standard Oil Cos. of N. Y.. 380 385 Standard Oil Cos. of 0hi0.... 435 460 Swan A Finch 60 80 Union Tank Line lli> 114 Vacuum Oil .T'. 375 3SO Washington Oil 27 33 NEW YORK CURB. (By Thomson A McKinnon) —July 16Bid. Ask. Curtis Aero com 4 6 Curtis Aero pfd 40 50 Texas Chief 11 17 Sub Boat 12 13 First National Copper % 1% Goldfield Con 9 11 Havana Tobacco 1 1% Havana Tobacco pfd 5 lo ; Cent. Teresa 6 6% i Jumbo Extension 4 0 International Petroleum 33 34% Nipissing 8% 9 Indian Packing Cos 8 8% i Royal Baking Powder .-..120 130 j Royal Baking Powder pfd 80 90 ; Standard Motors 8 9 Salt Creek SG% 37% Tonopah Extension 1% 1% Tonopah Mining 1% 1% : United P S new 1% 1% V. s. Light and Heat 2% 2% U S. Light and Heat pfd 2 3 Wright-Muttln 2 6 World Film % % Yukon Gold Mine Cos % 1% . ttini' % 4k New Cornelia 16 li% L u.ced Verde 30% 32 In the Cotton Markets ' ; NEW YORK. July 16.—01d cron pos'.- j tions in cotton were not so well supported at the opening today and first prices were 40 points net lower to 12 points higher. There was considerable demand for October on the first call, but later the entire list eased below the previous close, except July, which regained Its early losses. Open. High. Low. Close. July 41.041 42.06 41.30 41.55 October... 34.30 34.6 b 34.15 34.44 December. 32.27 32.90 32.20 32.85 January... 31.45 32.03 31.40 32.1 c , March.'.... 30 27 31.50 30.72 31 25. May 29.90 30.56 20.90 30.13 NEW ORLEANS, July 16.—Cotton fu- j tureg opened steady. 2 to 25 points lower. Scattered profit-taking caused a decline of 2 to 9 points, but supporting or- j ders, following wet weather reports over the belt, carried prices 15 to 68 points above openeing levels. The close was steady, net 40 to 68 points higher. Open. High. Lo. Close. .July 36.65 36.90 36.65 36.80 October 33.60 34.06 33.51 33.97 December .... 31.1*7 32.54 31.95 .72.40 Januarv .... 31.20 31.80 31.15 31.80 March 30.40 31.03 30.38 30.95 May 29.67 30.20 29.67 30.18 LIVERPOOL. July 16.—Spot cotton opened In increased demand, with prices firm. Futures were steady. i~ ————- . r Money and Exchange Indianapolis bank clearings Frldny were $3,505,000, against $3,234,000 a week ago. NEW YORK, July 10.—Foreign ex- j change was steady today. Demand sterling opened unchanged at $3.88%. Franc ’ cheeks were 11.96 to the dollar, up 2 centimes: lire checks, 10.92, off 2 Marks, j demand, were 2.60 c: cables, 2.62. Cana- 1 dlan dollars were 88.10 c. NEW YORK, July 16 —Money: Fall money ruled at 9 per cent; high, 9 per cent.; low, 8 per cent. Time rates were firm at B%'ff9 per cent. Mercantile pa- j per was steady Call money in London, j f. per cent. Sterling exchange was steady, with business in hankers" bills at $3.89 for demand. MODERN MILLER REPORT. CHICAGO, July 16. The Modern j Miller says: “Thrashing returns in Oklahoma and Kansas are up to expectations, but not | ns good as anticipated In soft winter 1 wheat states. "Deliveries are abnormally light. Spring wheat generally Is satisfactory. “Canadian prairie provinces need rala. The crop backward, with serious possib'Rtlee.

Indianapolis Securities i : STOCKS. —July 15— Bid. Ask. ! Tractions—{lnd. Ry. A Light cum D5 i Ind. Ry. A Light pfd 95 Indpls. A Northwest pfd 75 | Indpls. A Southeast pfd Vo i Indpls. Street Railway...... 54 60 T. H., I. A E. com 1%. ... T. H„ I. AE. pfd 9% ... T. H„ T. A L. pfd 60 1 U. T. of Ind. com 1 ! U. T. of Ind. Ist pfd 3 10 j U. T. of Ind. 2d pia...Y.... ... 2 j Miscellaneous—i Advance-Rumely com ; Advauee-Rumely pfd ... I Arjer. Central Life 235 j Amer. Creosoting pfd 95 Belt Railroad com 76 S3 : Belt Railroad pfd 47 ..* | Century Bulding pfd 98 ... Cities Service com Cities Service pfd Citizens Gas 29 35 Dodge Mfg. pfd 99% .• • Home Brewing 55 Indiana Hotel 60 Indiana Hotel pfd 91 Ind. National Life 4% --- Ind. Title Guaranty 59 70 - Indiana Pipe Une Indianapolis Abattoir pfd... 48 52 i Indianapolis Gas 48 ... | Indpls. Tel. com 2 ... j Indols. Tel. pfd 75 | Mer. Pub. Util, pfd 43 j National Motor 15 20 Public Savings .' 2% ... ! Itauh Fertilizer pfd 40 i Standard Oil of Ind 660 i Sterling Fire Insurance 8% 9% ; Van Camp Hdw. pfd 95 | Van Camp Pack, pfd 94 : Van Camp Prod. Ist pfd 95 Van Camp Prod. 2d pfd 93 ... Vandalia Coal com. 5 Vandaiia Coal pfd 10 Wabash Railway com Wabash Railway pfd Banks and Trust Companies — Aetna Trust 100 Hankers Trust 118 City Trust 82 Commercial National 65 ... Continent-* National 112 ... Farmers Trust 200 Fidelity Trust 120 ... Fletcher American National. 257 Fletcher hav. A Trust 163 Indiaua National 284 294 Indiana Trust 165 Live Stock Exchange 450 500 Merchants National 275 ... National City 112 120 People's State 178 Securin' Trust 120 State Savings and Trust.... 85% ... Union Trust 340 370 Wash. Bank A Trust 142 BONDS. Broad Ripple 5s 48 Citizens St. Ry. 5s 72 W> Ind. Coke A Gas Cos. 6s 89 ... Ind. Creek Coal A Min. 65. e.. 98 ... Ind. Northern Ind. Union Traction Indpls. A Colum. South. 55... 88 ... Indpls. A Greenfield 55...... 90 ... i Indpls. a Martinsville 55.... 59 | Indpls. A North. 5s 35 40 ; Indpls. A Northwest, 55.... 50 60 ' Indpls. A Southeast. 5s 44 t Indpls., Shelby. A S. E. 5s 96 Indpls. St. Ry. 4s 52 60 Indpls. Trac. A Ter. 5s 64 Kokomo, Marion A West 80 8* T. it.. I. A E. 5s Union Trac. of ind. 6a 50 59 Citizens Gas ,5s 73 82 Ind. Hotel 2d 6s 96 100 Ind. Gas 5s 72 80 Indpls. L. A H. 5s 7 s indpls. Water 5s 87% 91 Indpls. Water 4%s 70 SO M H. A L. ref. 5s 89% 94 New Tel. Ist 6s 94 New Tel. Long Diet. 5s 93% ... South. Ind. Power 6e 87 LIBERTY BONDS. Liberty 3%s 91.00 Liberty first 4s 86.38 86.58 Liberty second 4s 85.26 .... Liberty firrt 4%s 86.44 •••• Liberty second 4%s 85.50 .... Liberty third 4%s 88.90 .... ■ Liberty fourth 4%s 85 68 .... Victory 3%s 95.82 .... Victory 4%s 96.00 .... Wheat Prices Off on Chicago Board Today CHICAGO, July 16.—Wheat prices'fell on the Chicago Board of Trade today. December wheat was off 6 cents at $2.62 and March was off 8 cents at $2.74. : The decline, traders said, was due chiefly to heavy selling by foreign interests. Other factors, it was said, were the lowering of export bids, freer coverings ami considerable price hedging. Weather The following table shows the state of i the weather at 7 a. m.. as observed by United States weather bureaus: Station. Bar. Temp. Weather. Atlanta, Ga 30.10 70 PtCldy Amarillo, Tex 30.10 68 Clear Bismarck, N. D... ::0 14 64 Clear Boston, Mass 29.94 68 Clenr Chicago, 111 30.14 64 Clear Cincinnati. 0 30.10 70 PtCldy Cleveland, 0 30.12 62 Clear Denver, Colo 30.10 62 PtCldy ' Helena, Mont 30 08 58 Clenr Jacksonville. Fin.. 30.16 82 Clear Kansas City. Mo.. 30.10 70 rtlPdy Louisville, Ky 30.14 70 Clear Little Rock, Ark... 30.08 74 Clear J.os Angeles, Cal.. 29.96 64 Clear Mobile. Ala 30.12 7* PtCidy ! New Orleans, La.. 30.10 78 Cloudy New York. N. Y... 30 00 66 Clenr Norfolk, Va 30.06 72 PtCldy i Oklahoma City 30.06 70 Rain Omaha. Neb 30.12 72 PtCldy Philadelphia, Pa.. 30.01 74 Clear l’ittsburg, Pa 30.68 62 Cloudy Portland, Ore 30.02 62 PtCldv Rapid City, S. D... 30.10 64 dear Uoseburg. Ore 30.02 51 Clear San Antonio, Tex.. 30.10 76 PtCidy San Francisco, Cal. 10.06 52 Cloudy St. Louis, Mo 3012 74 Clear St. Paul, Minn 30.18 58 Clear, Tampa. Fla 30.16 so PtCldy Washington, D. C.. 30.06 72 Clear WEATHER CONDITIONS. Since Thursday morning showers arid tb itfifieretorms have occurred from the gulf region northeastward over the Atlantic states, and between the middle Rockies and the middle Mississippi valley. It Is a little coooler from tile lages region eastward, and a little warmer over the far northwest. J. 11. ARMINGTON, Meteorologist. WHOLESALE PRODUCE. Eggs —Fresh, loss off, 40c. Poultry—Fowls, 26c; broilers, 1% to 2 lbs. 45c; cocks, 17c; old tom turkeys, 30'-; young tom turkeys, 12 lbs and up, 35c; young hen turkeys. 8 lbs and up.. 35:'; thin turkeys not wanted; ducks,! 4 lbs and up. 20c; ducks under 1 lbs, 17c; young ducks, 30c; geese, 10 lbs ! and up, 16c; squabs, 11 ibs to dozen, $6.50. Butter—Clean packing stock, 35c lb; fresh creamery butter in prints is selling at wholesale at. sv@Glc; in tubs, 58c. Butterfat —Buyers are paying 57@59c i for cream delivered at Indianapolis. Cheese (wholesale selling prices) Brick, 30035 c lb; New York cream, 35c; Wisconsin full cream. 32%@33%c; longhorns, 33%@45c; limburger, 34 <3 38c; Swiss, domestic, 60®65c; Imported, sl. CHICAGO PRODUCE. CHICAGO, July 16.-Butter—Receipts, 11.557 tubs; creamery extra. 53c; firsts, 49@54e; packing stock. 34@43c. Eggs— Receipts, 18,899 cases; inisc’elleanous receipts, 39042 c; ordinary firsts. 38%@ 39%5. firsts, 31 ft;43c; extras, 50%@51%c; checks. 33%@55c. Cheese—Twins (new), 24%@25c: daises, 24%ft‘J5e; young Americas, 26%@'27c ; Longhorns, 26ft26%c; brick, 26@26%c. Live poultry—Turkeys, 40c; chickens, 32c. roosters. 23c; geese, 20030 c; ducks, 23035 c. Potatoes—Receipts, 40 cars; early Ohlos, $6.6506.80. CLEVELAND PRODUCE. CLEVELAND, July 26. Butter Creamery, in tubs, extra, 61@61%c; extra fancy, 60@60%c: firsts. 59059%e; seconds, 57ft.58c; packing, 35ft 40c. Eggs —Fresh gathered, extra. 50c; fresh extra, 49c; northern Ohio, fresh, new cases, j 46c; old cases. 45c; western firsts, 44c; ! extra, 47c. Poultry—Roosters. 20021 c; fowls, 35ft,3Cc; extra good, 40c; broilers, ! 50@60e. ———————— LOCAL HIDE MARKET. Green hides —No. 1,15 c; No. 2,14 c; Green calves—No. 1,15 c; No. 2, 20%'. Horsehides—No. 1, $7; No. 2, $6. Cured hides—No. 1. 17c; No. 2. 16c.

HOG PRICES IN SHARP REBOUND Cattle Dull and Lower—Weak Tone for Sheep. RANGE OF HOG PRICES. Good Good Good. July Mixed. Heavy. Light. 10. $1 6.25 @ 16.50 [email protected] [email protected] 12. [email protected] 16.00 @ 16.35 [email protected] 13. [email protected] [email protected] [email protected] 14. 16.00 @ 16.05 15.7&@16.00 [email protected] 15. [email protected] 15.00 @15.35 [email protected] 16. 15.50® 16.<M [email protected] [email protected] Trading was slow In getting under way in the hog market, sellers holding out firmly against the lower prices bid by order men. Buyers declined to meet he advance In prices asked by sellers at first, but later sales were made as high as 50 cents, about the general level of Thursday. A substantial supply of offerings was on hand, receipts approximating 8.000, with 2,000 left over, and It was largely on the strength of this that buyers sought to hold the market down. Reports from outside markets, however, helped turn the tide In favor of the sellers, when early prices ns a rule were higher. After getting started the market moved fairly well, a pood inquiry being in evidence for practically all grades. The bulk of good hogs sold at sl6, as compared with $15.50 on the previous day. while pigs and roughs were 25050 c higher. Interest was lacking in the cattle division, trading being extremely dull and prices lower. The inactivity extended to all classes and grades. An easier tone was displayed by the calf market, although prices were comparatively steady. Good to choice veal calves ranged at $13.50016, with odd sales touching sl6. Sheep and lambs were weak and a full 50c@$l lower. The best fat sheep brought $505.50, while choice spring lambs sold for sl4. HOGS. Best light hogs, 100'to 250 lbs average 15.73®16.00 250 to 300 lbs average [email protected] Over 300 lbs average 15.00015.2.* Best Pig3, under 140 lbs 12.50® 14.25 Sows ...! 12t00r5.13.00 Bulk of sales 16.00 CATTLE. Prime cornfed steers, i.300 lbs and up [email protected] Good to choice steers, 1.300 lbs and up [email protected] Good to choice steers, 1,100 to 1,300 lbs [email protected] Good to .choice steers, 1.000 to l.lorf lbs [email protected] Common to medium steers. 900 to 1,000 lbs 6.00® 10.00 Bulls and Calves — Good to choice butcher bulls. 6.ooft' 9.00 Bologna bulls Light common bulls 4 50ft 600 Choice veals 15 ouftl6.ni Good veals 14.00§13.00 Medium veals 12.00ftl l.o<* Lightweight veals [email protected] Stockers and Feeding Cattle — Good to choice steers. 880 lbs. and up [email protected] Good to choice steers, under 800 lbs B.ooft 9.00 Medium to good cows 3.30@ 0.00 Good cows 6.00 ft 7.00 Good heifers 7.0@ 8.00 Medium to good heifers 7.73® $-25 Good milkers [email protected] Medium milkers 00 00® 100.00 Stock calves 250 to 430 lbs [email protected] Heifers and Cows— Good to cho’ce heifer* [email protected] Medium heifers 10.00 ft 11.50 Common to light heifers 7.00 ft 10.00 Choice cows 10.0')@12.00 Good to choice cows B.(rift 9.00 Fair to medium cows 7.00 ft S.<x) Canncrs O.trift 7.09 Cutters 4 004 j 6.00 —Sheep and Lambs — Good to choice sheep 5.00@ 5.50 Fair to good sheep..... 3.50 ft 5.00 Common tu medium sheep.... 2.300 8.50 Bucks 2.50 ft 4.00 Common to choice yearlings.. tl.Ooft 8.00 Good to choice clipped 3.*X)ft 7.00 Spring lambs [email protected] Other Live Stock CHICAGO, July 16.—Hogs- Receipts, IS000; market 25c higher: bulk, $13.75ft 15.85; butchers, $14.60® 15.75; packers, $13.60® 14.35; lights, $13.00(818.75; pigs. 512.75ft1.V40. Cattle Receipts, 6.000; market slow; beeves, $16.10017.10; butchers, $6.50014.75; tanners and cutters. $4.2506.50: stockers and feeders, $5.25@ 12.25; cow s, $6.50012 75; calves, $ 12.50 ft 14.50. Sheep—Receipts, 13,00<*; market 25c lower, lambs, $ 13ft 15; ewes, *6 25ft8.78. CINCINNATI, July 18.— Hogs—Receipts, 3,700; market strong; heavy, mixed and medium, sl6; light, $13.50; pigs, $12.50; roughs, sl2; stags, $9. Cattle—Receipts, 700; market s’eady to stroug; bulls steady; calves. $lO. Sheep and lambs Receipts. 4.000; market strong; sheep, $8.60; lambs, sl7. CLEVELAND. Julv 16. Hogs Ro ceipis, 1,500; market 50c higher; Yorkers, $10.50; mixed. $16.30; medium, $16.50; pigs, sls; roughs. $12.50; stags. SB. Cut-tle-Receipts, GOO; market slow. Sheep and lambs Receipts, 500; market strong; top. sl7. Calves Receipts, 300; market steady; top. $lB. EAST ST. LOUIS, July 16. CattleReceipts, 3,000; market steady; native beef steers, s9ftls; yearling beef steers and heifers, $12ft14.75; cows, $7 9/11; stockers and feeders, $8.7509.75; calves, $12013: cauners ami cutters. $5.25ft6.25. 11 -i g—Receipts, 7,500: market 25ft .35c higher; mixed and butchers. $15,750 16.25; good heavies $l5O 13.75; rough heavies. sl2vi 13; lights. *15.75016.25. pigs. sl2ft 15.50; bulk of sates, sls.Ss@ 16.15. Sheep—Receipts. 2,000: market steady; ewes. s7ftS: iambs, $14@15; canners and cutters. $204. EAST BUFFALO, July 10.—CattleItecelpts, 275; market light and active; Shipping steers, $15.50ft 1650; butcher grades, $10015; cows, S4OIO. Calves Receipts, I,4<K>; market active, $1 higher; culls choice, $6ft19.50. Sheep and lambs - Receipts, 400; market active and steady: cohlce lambs, * 17.50 ft is; culls fair, $11016.75; yearlings, $11013.50; sheep, SSOIO. Hogs—Receipts. 2.400; mark t slow. 15c to 50e higher; yorkers. $17017.15; pigs, $15.75010; mixed, $l7O 17.15; heavies, $16016.50; roughs, sllO 13; stags, SBOIO. PITTSBURG, July 16.—Cattle—Receipts, light; market, steady; choice, $15.25® 10; good. $14.25015; fair, $130,14 ; veul calves, [email protected]. Sheep and lambs —Receipts, light; market, steady; prime wethers, $9.50@10; good, sH@i); fair mixed, $7@)S; spring lambs, $10010,50. Hogs—Reeeipts, 10 double-deck cars; market higher; prime heavies, $15.75016; mediums, $17017.10; heavy Yorkers, sl7® 17.10; light Yorkers, $15.75010.50; pigs. [email protected]; roughs, $11012.50; stags, SBO9. WHOLESALE FEED PRICES. Tou Sacks. Cwt. Acme brand $59.25 $3.00 Acme feed 62.25 3.13 Acme middlings 66.25 3.35 Acme dairy feed 78.25 3.95 E-Z dairy feed 69.25 3.50 Acme H. & M..'. 81.25 4.25 C. O. A B. chop 70.25 3.55 Acme stock feed 70.00 3.55 A me farm teed 72.25 3.65 Cracked corn 83.75 4.25 Acme chick feed 83.25 4.20 Acme scratch 80.25 4.05 E-Z scratch 69.25 8.50 Acme dry mash 80.25 4.05 Acme bog feed 80.00 4.05 Acme barleycorn 83.25 4.20 Ground bnrley 84.75 4.30 Ground oats 85.75 4.35 Honilik white 80.75 4.10 Rolled barley 84.75 4.30 Alfalfa mol 73.00 3.70 Cotton seed meal 80.00 4.05 Kafir corn meal. 68.25 3.45 Grains. Shelled corn, small lots $ 2.05 Shelled corn, large lots 2.04 Shelled corn, bu sacks 2.14 Oats, 3 bu sack 1.34 Oats, bulk, large 1.28 Oats, less than 100 bu 1.29 Chicken wheat, cwt, sacked 4.50 CORN MEAL AND FLOUR Corn meal, cwt, net $ 4.00 E-Z bake bakers' flour. 98-lb sacks 14.70 NEW YORK METAL MARKET. NEW YORK, July 16.—Copper—Quiet; spot to September offered at 18%c. Lead —Firm; spot and September offered at 8.95 c. Spelter—Spot to September, $7.75@8; October, $7.8008.10.

CSTDIANA DAILT TIMES, Tiai/AI, JLTLX TO,

WIDE RANGE IN WHEAT FUTURES Corn and Oats Move Within Moderate Limits. CHICAGO,'JuIy 16.—Wheat futures today lived up to advance notices by exhiibting a wide range of prices. The market was narrow and selling by commission houses at the start was more effective than th<rT3nme Bized deals might | have been In the corn or oats pits. There was some little buying on the i breaks. Outside markets showed similar breaks In wheat. Weakness In wheat had an effect on the ! other grains. Continued favorable weath- | er and crop-reports were bearish influences. Provisions were inclined to follow the grains. Rye also was lower. CHICAGO GRAIN. —July 16— What—Open. High. Low. Close. Gain Dec. 2.68 2.68 2.50 2.60 *lO% Mar. 2.74 2.74 2.64 2.64 *lO Corn— July 1.48 1.50% 1.46 1.49% • % Sept 1.50 1.50% 1.47 1.49% Dec. 1.38 1.39% 1-36 1.37% % Oatß /■ July 86% 89% 86% 89% % Sept 76% 77% 75% 76% % i Dec. 75% 75% 74% 75% % ; Pork— Julv t'26.50 .33 i Sept 27.75 28.00 27.65 27.97 .32 i Lard—- : July t 18.25 .40 Sept 18.65 10.15 18.65 18.92 .27 Ribs—- , July t 15.82 .17 | Sept 16.65 16.95 16.65 16.80 .25 j *Loss. tNominal CHICAGO CASH GRAIN. | CHICAGO, July 16.—Wheat—No. 3 I hard, $2.87. Cprn—No. 2 mixed, $1.53@ | 1.53%; No. 2 white. $1.69%; No. 2 yel i low, *1.5401.55; No. 3 white. $1.58%@ I 1.59; No. 5 yellow, $1.5301.54; No. 4 I mixed, $1.5201.52%; No 4 yellow, $1.52%. 1 Oats —No. 2 white. 95%@98c; No. 3 white, 92096?; No. 4 white, 88ft94%c; stand--1 ird, 77084 c. TOLEDO CASH GRAIN. TOLEDO. July 16.—Wheat—No. 2 red, $2 87; December, $2.62. Corn—No. 2 yellow, $1.60. Oats -No. 2 white, $1.0501.06. Rye—No. 2, $2.21. Barley—No. 2. $1.37. ! Cloverseed—s24; October, $24.40; December, $23.40. Timothy—l9l7 and 191$, ! cash, $5.40; 1019, cash, $5.50, September, $5.75; October and December, ss.t’*o; March. $5.80. Altyke—Cash. $24; October, $24.30; December, $24.30. PRIMARY MARKETS. (Thomson Jr McKinnon). July 1. - RECEIPTS - Wheat.. Corn. Oats Chicago 37.000 294.000 238,0 h) Milwaukee 9,000 53.000 85,000 Minneapolis 238.0<*> 10,000 33.000 Duluth 139,000 4.000 St. Ixjuls 126,000 62,000 .Wftt Toledo IO.(hh) 9.000 2,<>00 Detroit 2,000 4.000 Kansas City ..'258.000 39,000 14.000 Peoria 12,000 80,000 29,000 Omaha 60.000 52,000 16,000 Indianapolis .... 16.000 71.000 62,0n0 Totals 907.000 674.000 533,000 Year xg ~..61*4.000 400,000 777,0000 SHIPMENTS Wheat. Corn. Usts Chicago 118.000 98.000 163,000 Milwaukee 14,000 12.000 29,000 Minneapolis ....141,000 25.000 53,000 Duluth 83.000 St. Louis 60,<>00 56,000 70,000 Toledo 1.000 12,000. Detroit 2,000 2.000 Kansas City ...204.000 11,000 5.0*) Peoria 24.000 23,000 3,000 Omaha 65.000 57.0*' 16.000 Indianapolis 1,000 24,000 16.0U0 Totals 678.000 310,0iHl 387.0)0 Year ago 227,000 278,000 314,000 CLEARANCES Dora. W. Corn. Oat*. New York 172,0<i 154,000 Totals 172.000 154.000 INDIANAPOLIS < ASH GRAIN. - July 16 - B!d* for car lots of grain and hay at the Indianapolis Board of Trade wete; Corn —Steady: No. 3 white. $1 59%; No. 4 white, $1.58%; No. 3 yellow. $1.54. Outs—Steady; No. 2 white, 98@98%c; No. 3 white 9T%" Hay'Weak; .Vo 1 timothy, $34034 50; No. 2 timothy. $33033.50; No. 1 light clover mixed, $330.33.50; No 1 clover mixed, $32.50033. —lnspections YVheat No. 1 red. 1 nr; No. 2 red, 9 cars; No. 3 red. 1 car; No. 4 red, li 1 ur; total 12 cers. Corn No. 1 white, 3 cars; No. 2 white, ! cars; No. 3 white, 3 cars; No. 4 white, 2 cars; sample white, 1 car; No, 1 yel low, 3 curs; No 2 yellow, 5 cars; No 5 yellow, 1 car; No. 1 mixed, 1 car; No. 2 mixed, 1 car; total, 27 cars. <*nts No. 1 white, 3 cars; No. 2 white, 5 cars; No. 3 white, 3 cars; No. 4 whPe. 1 car; sample (hlte, 1 <-ar; No. 1 mixed, 1 car; total, 17 cars. Hay No. 1 timothy. 2 cars; No. 2 timothy, 1 car; total, 3 chts. WAGON WHEAT. Indianapolis flour mills and elevators nrc paying $2 .'*) for No. 1 red wheat, | *2.50 for No. 2 red nnd $2 45 for No. 3 red. Other grade* <■>> their merits. CORN AND WHEAT 111 I.LETIN. For the 24 hours ending at 7 a. tn . ! 90tl> meridian time, Friday,' July 16: j 1,-mper- . j at ure. S_*i ! .a ~a i ) Stations of a m Indianapolis " ~ ~ * E., p-2 District. 1 l fv-3, || M J l t i3 ' ua—°l” j ~ o I South Bend . ...i 7H |63 | 0 j Good | Angola |M)j 50 | 0 ( Good ' Ft. Wavne JBOI 56 I O | Wheatfleld > 83 ! 51 j 0 | Good ; Royal Center ...[ 80 i54 j 0 I Good ) Marion |B2j 57 | 0 j Good i Lafayette iß3| 60 j 0 | Good I Farmland | 82 ; 58 | O j Good Indianapolis ,-v.l 81 | 66 j and Good j Cambridge City tß2| 66 [ 0 J Good j Terre Haute ...I 84 j 66 | 0 Good ! Bloomington ..) 84 53 I 0 | Fair 1 Columbus |BS j (to j 0 | Fair ; Vincennes I 84 | 59 ! 0 1 Food : Paoli 1851 57 | 0 j Fair | Evansville |9oi 72 i 0 j .1. 11. ARMINGTON. Meteorologist Weather Bureau. Truck Tears Away Columns of Porch A motor truck belonging to the Fry Transfer Company and driven by Vernon Friggell, 914 College avenue, today j climbed the curbing, crossed the sidewalk and lawn nnd crashed into a porch at 605 East New York street, tearing away two stone columns, badly damaging the floor nnd causing a hurried exit by Mr. and Mrs. Harvey Ilarrold, who live at that nddress. • No on was Injured nnd the truck xvas only slightly damaged. The driver said he turned into the curl* in preference to hitting a funeral car belonging to Shirley Bros, and driven by Frank Wood, 746 North Aremont avenue. WHOLESALE MEATS. Wholesale meat prices are quoted by Indianapolis packers as follows: Hams—Regular, 14 to IliC lbs, 42%e; skinned, 8 to 10 lbs 43c; fancy boiled, to 13 lbs, 03c. /Bacon— Fancy breakfast, 3 to 7 lbs, 43c; fancy sliced, l-ll* <artou, 57c; sugar cured, 4 to 6 lbs average, 49c. Salt Meat—Dry salt Indiaua butts, 10%e. Lard - Refined, tierces basis 21c; open kettle, tierces br.sis, 21%®22%e. Fresh Pork—Spare ribs. 20c; shoulder bones, 7%e; tenderloins, 58@62c; dressed hogs, 24%e. Sausage—Fresh links, 18022 c. Beef—Steers, medium. 400 to 500 lbs, 21%c\ No. 2 heifers, 29c; native cow*, 18019 c; medium eows. 14015 c; lotus, No. 2,29 c; No. 8,20 e; ribs, No. 2,39 c; No. 3,25 c; rounds. No. 2,29 c; No. 3,27 c; chucks No. 2, ir*c; No. 3,14 c; plates, cojv. No. 2, lie; No. 3,10 c,

On Commission Row TODAT'S PRICES. Apples—Barrels $8011; boxes, s4@ 4.50; baskets, $2.50@4. Asparagus—Fancy home-grown, dozen, 35040 c. Bananas—Pound, 8010 c. Blackberries—Crate, $306.50. Cabbage—Fancy Texas barrels, 2%@ 3%c; Mississippi, [email protected]; homegrown, bbl, $5. Beans-Michigan navy, in bags, per lb, B%@9c; California pimas, in sacks, 130 i 14c; marrowfats, per lb, 14%@15c; green, j fant\ home-grown, hamper, $3.64. | Beets—Fancy Kentucky, per hamper, I $1.25; home-grown, doz, 45c. Blackberries—Crate, $2.7506. ! Cantaloupe—Crate, standard, $405; flat. $2. Carrots—Forty-lb. basket, $2.50; homegrown, 30e per doz bunches. Cauliflower—Crate, s3@4. j Celery—Florida, per crate, $7; fancy trimmed, per doz, $202.50. ] Cherries—l6-qt case, $4; New Albany, crate, $6; home-grown, basket, $2.5004. Cucumbers—Fancy hothouse, per doz, S2; fancy Florida, 5-doz crate, $5.25; home-grown, doz, $1.5002. Grapefruit—Extra fancy Florldas, $“1.50 06.60. Gooseberries —16-qt case, $4. Kale—Fancy home-grown, per tib, sl. Lemons -Extra fancy, California $4.50 00. Lettuce —Home-grown, leaf, per lb, ,’r ®7e; Iceberg head lettuce, per crate, $3 | ®7; hme-grown. 10012 c per lb. Mangoes—Fancy basket, $101.50. ] Granges —Extra fancy Callfornlas, naive! s, $.5007; Valencias, *4.7500; extra j fancy mediterranean sweets, $5.5008. ; Onions Fawy new Texas white, 5018 crate, $2; same yellow, $1.75; homegrown, greetv doz, 10025 c. Parsnips—Fancy. 65-lh hamper, $1.65. Parsley—Fancy home-grown, 35c doz; southern, $1 doz. Peaches— Home grown. bu, $202.50; Georgia, crate, $2.5004.50. Peas—Fancy Mississippi, per hamper, $303.50; fancy telephones, bu, $4. Pieplant—Fancy home-grown, 25040 c doz. Pineapples—Ripe Havanas, $4.5007.50. Potatoes—Northern whites, $8 per 100 lbs; bags, sl2; new- Texas $9 per ICO lbs: fancy new Florida Rose, per bbl, $14.30015; per 53-lb basket, $5.28; Virginia and Kentucky cobblers, bbl, $13.50. Radishes-Home-grown, button, doz ; bunches, 25®35c: southern, long, 1502d<. Raspberries Case, $2.7506. Seed Potatoes—irish doublers, Maine, per 100 lbs SB. Bweet Potatoes—Fancy Jerseys, S3O 3.25 per hamper. Seed Sweet Potatoes—lndiana grown yellow Jerseys, per bu. $1.25. Spinach—Fancy, per bu, $lO2. Tomatoes—Basket. sl.7Viftt?s. Watermelons—Fancy Florida. 75c@$l. Housewives' Market LATEST PRICES. The following prices are the general prices charged at the city market, obtained by striking an average of the prices charged at various stands' Apples, choice, per io. .........$ .10015 Asparagus, home-grown, ae- | cording to size of bunches.. .03010 s Bananas, doz 20040 { Beans, striug, lb 10020 Carrots, bunch 03ft15 Cabbage, lb 04001 Celery, bunch , 05015 Cherries, qt box v .35 Cucumber*, hoth iu*e, each 10020 Cucumbers, southern. 05010 | Grapefruit, each 10020 Kale, home grown, 1b..., 15020 : Lemons, per doz 210030 j Lettuce, leaf, per lb .15ft20 Lettuce, head, each... 95015 ! Onions, lb 05007% i Onions, Texas Bermuda, 1b.... .13 I Unions, green, bunch 05007 | Oranges. d<>z .Wft7s Parsley, 2 bunches .05 | Peppers, green, Florida, bunch. .030*7% ; Pineapples 15030 •Potatoes, peck. 1.0001.50 Potatoes, lb .. .10 ; Potatoes, new. lb .12 j Potatoes, sweet, 3 lbs .25 j Radishes, 3 to 9 bunches...... .10 ' Rhubarb, 2 to 3 bunches .05 1 Spinach, lb 10013 Strawberries, qt oox 25035 j Tomatoes, lb. 500*13 Green peas, lb .23 Scotch peas ... .12% Spilt peas, yellow .12% Split peas, green .18 Beans, .11 Beans, liins, Tb .17 Sugar, soft A 226 Sugar, granulated 226034 Beans, Colorado plntas, 1b..... .10 j Bean*, kidney .18 Dead Town Coming Back to Life in West After being deed for sixty five years, the town of Pawnee. Kas., on the Ft. ; Riley military reservation has come to life again. The original town, founded in 1854. was wiped out of existence a year later by nn edict by Jefferson Davis, then seefe i tnry of war under President Pierce, the * Detroit News recalls. It had been brought into being by .an | association of territorial officeholders ! and army officers at Ft. Riley, and the S first i-apitoi of Kansas, a large stone | building previously used ns a warehouse, xvas located there. The town site was excepted from the military reservation when the first survey was made in ! 1834. but the order of Jefferson Davis I changed this survey to include the town ! within the military area and its Inhnbtj tants were ordered off on Aug. 31, 1838. Those who refused to go had their ! houses torn down over their heads and were driven away at the point of bayonets. -■ For more than half a century the town Itself has been only a memory, only the foimer statehonse remaining. Now it has again sprung into existence through the action of the military I puthorltles. Abbey Is Imperiled by Old ‘High Cost’ LONDON, July 16. Westminster j Abbey, the most famous shrine of the i British empire. Is imperilled by the high cost of existence, according to the Daily Express. The ancient cathedral’s fixed income is inadequate to meet necessary repairs | for maintenance <>f the structure’s ! fabric. About $15,000 was spent annually before the war in order to maintain se- ! curlty of the walls, many centuries old. I but building costs have advanced 130 per cent. Now the Income can not be | stretched to meet requirements. Officials of the abbey, the Express says, are “faced with a problem of the greatest gravity.” Woman, at 60, Kicks High, Reduces Weight LONDON, July 16.—Another of the many methods for flesh reduction which crop up from time to time is high kicking. This practice has been seized upon by many members of the fair sex and the women’s clubs and Turkish baths are giving special facilities to women who are taking up the fad in the hope that their too solid flesh will melt. In one woman’s club there Is said to be nn old lady of 75 years who has succeeded 1 kicking to a height of five feet one inch. Another member, to whom the committee complained because she disturbed people by her gymnastics, said that had reached four and one-half feet and that she had lost two pounds in weight. This latter member admitted to fl< years and Bald that she was out to beat the record attained by the 75-year-old member. And Such Is Life CLEARFIELD, Fa., July 16.-Harry Hudson, known as the “champion hard tuck kid” of this section, served two years in France seeing some of the hardsat service and yet returned home unscathed. In chi] life Hudson has been wounded three times. Hudson was driving along the road near here when n man staged a ‘‘suicide’’ "or the purpose of scaring his wife. The bullet found lodgement In Hudson’* back.

SENATORS VOTE 26 TO 13 TO KEEP SERVICE BOARD (Continued From Page One.) tlon the bill would have been permitted to come up for third reading). The vote on the Hogston motion to table Senator Bowers’ motion to strike out the enacting clause was: For—Arnold, Bainum, Brown, Dorrell, Eisner, Hogston, McConaha, McCray, Negley nnd Strode. Against—Alldredge, Beardsley, Bowers, > Bracken, Cravens, Decker, Dobyns, Doug- j lass, Duncan, English, Ersklne, Grant, ; I-lepler, Humphreys, James, Kiper, Kline, j Laney, McCullough McKinley Meeker, | Metzger, Munton, Rants, Self, Smith, Southworth, Tague and YVolfson. y By an amendment proposed by Senator Ratts, $2,460 was added to the appropriation bill. Senator Ratts’ amendment provided for an appropriation of $2,000 for the maintenance fund of the Soldiers' and Sailors' monument, to provide a forty-eight light candelabra; S3OO for repairs to the lightning rod of the monument, and $l6O for j the purchase of an electric scrubbing ; machine. MEMBERS DEBATE FOR THREE-QUARTERS OF HOUR. For practically three-quarters of an ! hour after the senate convened today an I argument took place as to the status of j the appropriations bill. Many of the members were under the j impression that the bill had passed and was ready to go to the house to be engrossed. But for a technical move on the part of Chairman Bush, in lifting the record, following passage of the biU, holding it in abeyance pending correction of discrepancies that might have crept into the MU through clerical errors, or other manner, the bill had been held up. This action was made imperative by the announcement of Senator English, Marion county, that a $9,000 error had been found | in the bill. Many of the senators ore still perplexed as to the actual status of the appropria- j tions bill. Chairman Bush announced that accord- ; lng to bla lntepretation of the rules of the senate, no bill may be considered passed until the chair has announced that it has ; received a majority vote and has passed, j Following out his ruling and follow- ; lng the finding of errors in tae printed ; bill, made by clerks, who wrote the amendments, the bill was sent back to the special committee, into whose bands j it was placed for corrections. This confusion Is the direct result of the bungling methods used by admin- | Istratlve worker#, in their endeavor to have appropriations Increased, and the rapidity with which the chair moved actions of the senate when the bill was up for consideration. Tbls| bungling was so marked that Lieut. YJov. Bush himself stated that he wa* confused as to what had been done by the senate. The confusion started when the chair was handed over to Senator YVolfson, ty act as presiding officer. Rules were suspended and the following bills passed in the senate today: Bill No. 393. ainend'ng state sctiool deficiency fund law to permit two high schools in one townshty to draw on state funds with the consent of the state superintendent of public Instruction. Bill No. 361, introduced by Senatoi Munton, amending the state drainage lews. Bill No. 390, introduced by Senator Negley, abolishing the Indiana employment commission and transferring Its duties to the state Industrial eommis- i alon. Objection again was made bv Senator Eisner to the methods of passing these hills. Senator Eisner charged the senators . with attempting to throttle opposition to j the many bills under consideration. 4 Men Nabbed in Raid on Big Whisky Still Sixten gallons of "white mule" whisky ; nnd I.V) gallons of raisin mash were . taken today In a raid on a still in an old house at Troy avenue and Brill street by Kergt. Russell and his morals squad. Four men. all Albanians, giving the names, Jasper Frank. 35; Jasper Krist. 45; Zess Maloke, 66, and Gus Toney, 33, were arrested and charged with operating a blind tiger. Police say Krist is the owner of the copper still and tubes that were confiscated.

Tax Exempt iu Indiana and Free From Normal Federal Income Tax. $295,000 Indianapolis Water Company CUMULATIVE 77„ FIRST PREFERRED STOCK Quarterly dividends on the first days of January. April, July and October. Dated July 1, 1920. Shares SIOO.OO each. Callable at 10J and accrued dividend on any dividend date on or after July 1, 1921. Preferred as to dividends and assets. REGISTRAR, Fletcher Savings & Trust Company. ASSETS The physical afid replacement value of the Indianapolis Water Company, after deducting all encumbrances, is, according to the estimate of experts, considerably in excess of the entire bonded debt and Preferred Stock now issued, and the $5,000,000 par value of its Common Stock issued and outstanding showing an excess asset equity over this $295,000 Preferred Stock of more than $4,700,000, or over fifteen times the present issue of $295,000. EARNINGS The net earnings for the year ended May 31, 1920, after the payment of all charges, ivere $400,094.49, or over nineteen times this Preferred Stock dividend. MANAGEMENT The management is in the hands of experienced operators. Its relation* with the public, state and city officials have been amicable and satisfactory. PURPOSE This Preferred Stock is issued for the purpose of reimbursing the company for moneys expended for additions and betterments to its property. The legality of this issue of Preferred Stock has been approved by Messrs. Smith, Remster, Hornbrook and Smith of Indianapolis, and authorized by the public service commission of the state of Indana. Circular Will Be Mailed Upon Request,.. Price, SIOO per Share and Accrued Dividend Breed, Elliott & Harrison 109 North Pennsylvania Street Indianapolis Cincinnati Detroit Chicago Milwaukee Minneapolis * / All statements herein are based upon information which we regard as reliable and, while not guaranteed by us, constitute the facts upon which we ourselves have acted in purchasing this stock. Orders may be telephoned or telegraphed at our expense. f

Lyric Actor in Jail on Word of Girl, Age 14 Harry Rapp, 27, Conneticutt, N. Y., and Ed Smith, 36, Brooklyn, N. Y., both actors, now playing at the Lyric theater, were arrested today by police. Rapp Is held or a charge of contributing to delinquency and Smith is wanted by the authorities at Ft. Wayne on a charge of child neglect. Rapp was arrested by Lieut. Jones when he was observed on the street with n girl, 14 years old, belonging to a wellknown family of the city. Lieut. Jones said he thought it strange for such a young girl to be on the street with a man of the age of Rapp, so he accosted Rapp. The girl then said Rapp intended taking her to his room at the Plaza hotel. Rapp, who has been playing a violin and a piano at the same time at the Lric this week, is in Jail In default of SSOO gond. . Smith also was committed to the jail. Trustees Will Take Charge of Valpo Univ. VALPARAISO Ind. July 16. Announcement is made that Valparaiso university will be turned oven to a board of three trustees the number to be augmented later and to include a number of prominent educators and wealthy ment of the country. The plans as formulated by H. K. Brown president of the university, call for the reorganization of the Institution Into a business and industrial university that will rival any In the country, of Its kind. Dr. D. R. Hokdon a prominent cator and head of a Chicago college will be the new president. He has been connected with the university as dean of the faculty and has been working out the new plans with President Brown.

m A BVMMER CRIISE ' ' | NIAGARA TO THE SEA 1 Bj> Fourteen days of sight-seeing and pleasure—Chartered steamers to K D/ Saguenay and return. Visit Toronto, Thousand ra ga Islands, Montreal, Quebec, Saguenay River. Eg OTHER SUMMER CRUISES Kj GREAT LAKES. CUBA, PANAMA, SOUTH AMERICA, EUROPE, ETC. S 1* "TRAVEL WITHOUT TROUBLE.” 1 FLETCHER AMERICAN COMPANY | AGENTS FOR ALL LINES J. F. WILD, Jr., BROKER 315-320 LEMCKE BUILDING 1 BUY I Commercial National Bank Stock 'seu Consolidated Graphite MX 4 Go* Main 1734 PHONES Auto. 21-733

BD

‘SS HURST & CO. STOCK cp. . COMMON AND 415 LEMCKE BLDG.

Vincennes Repe;flW' Peddler LicensS^^; VINCENNES. Ind., July 16.|§llg|g^| ■'cniH-s ■•‘•'-in- !i has "„v residents here dislike the idea farmers pay $25 a day for a : e.id.f fruits and vegetables -- suit, held a meeting and rep law. Residents of Vincennes for years have been buying most of their produce direct from the farmers, much to the dislike of the grocers, three of whom are members of the council. As soon as the objectionable ordiaance was passed women who never before patronized mall order houses, sent out of the city for their groceries. The Farmers’ federation also threatened to open a public market and sell only to the consumer. Sixth Police Chief Appointed at Wabash WABASH, Ind., July 16.—Wabash has a complete police department for the first time since the police and firemen went out on a strike two weeks ago. When the members of the two departments went on a strike their resignations were requested by the mayor and since then the departments have been operating without a full quota of men. William Summers, a veteran of the Spanish-American war, has been appointed chief of police. He is the sixth chief to be appointed during the present city The fire department is still short several men. Hun Dancer Stars for Paris Fashionables PARIS, July 16. —For the first time ninee the war a former enemy Is now starring In Paris. She is a flaming-haired Hungarian girl v hose dancing marked the reopening tt the ultra-fashionable “Forty Club” above Maxim's.

Fire and Burglar Proof Safes and Vault Doors Real Fireprool Filing Sales in Five Sizes From 20x20 to 40x60 inside. These safes aa b* equipped with any steel filing system. A complete line of office furniture and equipment Aetna Cabinet Company Display rooms 3*l-B*% W. Maryland Bt., Indianapolis