Indianapolis Times, Volume 33, Number 60, Indianapolis, Marion County, 20 July 1920 — Page 10

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VALUES DECLINE IN STOCK MARKET Lower Renewal Rate Fails to Stimulate Trading. NEW YORK, July 20.—Business continued ®n a small scale In the stock market today. Prices moved irregularly, with the trend generally toward lower figure*. Call money renewed at 8 per cent against 9 per cent yesterday. The demand for money was exceptionally light. The market closed irregular. Some of the active issues receded about a point in the late trading, while many of the specialties held around their high levels. The railroad stocks held most of their gains. Total sales were 381,600 shares; bonds, $8,060,000. Closing prices were: United States Steel 91%, up %; Baldwin 118%, up %; Pan-American Petroleum 102%. up %; Studebaker 71, up %. Reading 89%. up %; Rock Island 86%, off %: American Woolen 90, up 3; Crucible 154, up 1; Mexican Petroleum 191, unchanged; General Motors 24%, up %; United States Rubber 93%, up 1. Southern Railway 29, up %; Stromberg 87%, up 3%. (By Thomson & McKinnon' The Wig news item of the day was the announcement of the wage award for the railroad men. Prior to its publication there was a good deal of uncertainty—the fear was entertained that the award may prove to be unacceptable to the men and would result in strikes with its usual consequence in the disturbance of business. From all that is before us at the present time it is most likely that the award wil be accepted and for the present, at least, the wage question will become a closed incident. The effect of the award on the market was nominally satisfactory, since a better demand developed for stocks, resulting in the marking up rather sharply of some specialties. The rails were fairly actice. the demand. however, was mostly local, though commission houses appeared to be moderate buyers on balance. The trouble is that the total volume is so moderate that price changes are without the usual significance. The money market was racier quiet. So far as is known there was no trouble in securing the required amount qf call fnnds. Time money is offered a little more freely, but at 9 per cent. The disturbing factor, as we see it, is the condition of business, which Is decidedly poor in spots, as is evidenced hy the closing of mills in several lines of business and the reduction of forces by the Pennsylvania railroad. Something may develop in the near future to take the market out of its present inactive state, but at the moment it is largely a guess as to how or when this change is to come. In the meantime all we can expect is an occasional rally such as we experienced today. MOTOR SECURITIES. IBy Thomson A McKinnon.' —July 20Bid. Ask. Briscoe 47 49 Chalmers, com 2 5 Packard, com 17% 18% Packard, pfd 85 88 Chevrolet 250 sft<> Peerless 37 37 Copt. Motors * 9% 10 Cont, Motors, pfd Hupp 18 ' 16% Hupp, pfd 98 101 Reo Motor Car 21% 22% Elgin Motors 8% 8% Grant Motors 4% 5 Ford of Canada 35.5 * 365 United Motors 45 60 National Motors 17 19 Federal Truck 32 34 Paige Motors 28 30 Republic Truck 4.5 47 ACTIVE OIL STOCKS. (By Thomson & McKinnon) —July 20— —Closing— Bid. Ask. Anglo-American Oil 21 23 Atlantic Refining 1150 1200 Borne-Scrvmser 425 475 Buckeye Pipe Line S5 87 Chesebrough Mfg. Cons 220 230 Chesebrough Mfg. Cons. pfd. 10.3 108 Continental Oil, Colorado... 120 140 Cosden Oil and Gas 7% 7% Crescent Pipe Line 25 30 Cumberland Pipe Line 155 105 Elk Basin Pete 7% 7% Eureka Pipe Line 98 103 Galena-Signal prof, new 85 95 Galena-Signal Oil. com 40 45 Illinois Pipe Line 155 16!) j Indiana Pipe Line 82 88 Merritt Oil 15 15% Midwest Oil 1 2 ! Midwest Rfg 146 149 National Transit 25 27 New York Transit 150 100 Northern Pipe Line 90 luO Ohio Oil 175 285 Oklahoma P. & U 7 7% Penn.-Mex 40 44 Prairie Oil and Gas 550 570 Prairie Pipe Line 105 206 Sapulpa Refg 6% 6 Solar Refining 310 .380 Southern Pipe Line 120 130 South Penn Oil 260 265) Southwest Penn Pipe Lines. 67 70 Standard Oil Cos. of'Cal 310 315 Standard Oil <’o. of Ind 660 680 Standard Oil Cos. of Kas.... 520 540 Standard OH Cos. of Ky 340 380 Standard Oil Cos. of Neb 410 450 SfHudard Oil Cos. of N Y.... 370 380 Standard Oil Cos. of 0hi0... 420 460 Swan & Finch 60 80 Uaito Tank Line 107 112 Vacuum Oil 370 .'585 Washington Oil 25 35 NEW YORK CURB MARKET. (By Thomson A McKinnon) —July 20— Bid. Ask. Curtis Aero, com 4 8 Curtis Aero, pfd 40 50 Texas Chief 12 13 -First National Copper % 1% Goldfield Con 9 11 Havana Tobacco 1 1% ■ Havana Tobacco pfd 5 10 International Petroleum 33% 34% Nipissing 8% 9 Indian Packing 8 8% Royal Baking Powder 120 130 Ji*yal Baking Powder pfd... 80 90 Standard Motors 8 9 Salt Creek 36 36% Tonopah Extension 1% 1% Tonopab Mining 1% 1% United P. S. new 1% 1% V. S. Light and Heat pfd 2 3 Wright-Mattin 2 0 Yukon Gold Mine Cos 1 1% New Cornelia 16 17% United Verde ... 30% 32 Sequoyah % % Omar 3% 3% Republic Tire 1% 2% CHICAGO STOCKS. (By Thomson A: McKinnon) -July 20— Open. High. Low. Close. Armour pfd 93 93 93 93 Carbide and C.. 65% 65% 65 65 Libby 12% 12% 12% 12% Nat. Leather... 11% 11% 11% 11% Swift A Cos 108% 105% 108 108 Swift Inter 35 35 34% 35 In the Cotton Markets NEW YORK. July 20.—July eonfract cotton set anew high record at the opening today, selling at 42.22 c, or 47 points above the close of Monday on ,a demand from shorts and the south. The general list started steady at an advance of 12 to 47 points. Buying was influenced by strong cables from Liverpool and unfavorable weather reports, but the upturn was checked by active realizing and local selling. The close was steady, with July 70 points net higher and other positions 6 points higher to 5 points lower. Open. High. Low. Close. July 41.75 42.50 41.73 42.50 October 35.31 35.31 34.94 35.10 December .... 33.50 33.58 33.25 33.30 Januarv 32.62 32.75 32.43 32.50 March 31.88 31.97 31.68 3L73 May 31.08 31.06 30.53 30.90 NEW ORLEANS, July 20.—Cotton futures opened 17 points lower for July and 5 to 25 points higher for other options on foreign buying and advarse weather conditions, but realizing sales lowered quotations 1 to 22 points. Later n buying movement carried prices 5 .o 42 points above the opening. The close was steady, net 11 to 25 points higher. Open. High. Low. Close. July \.. 37.01 37.45 37.03 37.45 October 34.50 34.60 34.28 34.45 December ... 33.15 33.20 32.93 33.07 January 32.36 32.50 32.27 32.41 March 31.54 31.78 31.5. V 31.64 May 30.95 31.00 30.80 30.80

Indianapolis Securities j STOCKS. —July 20— Bid. Ask. Tractions— Ind. Ry. & Light com 55 Ind. Ry. & Light pfd ... 95 Indpls. A Northwest pfd 75 Indpls. A Southeast pfd 15 Indpls. Street Railway 54 60 T. H., I. A E. com 1% 5 T. H., I. AE. pfd 9% 16 T. H„ T. & L. pfd 6u U. T. of Ind. com 1 U. T. of Ind. Ist pfd 10 U. T. of Ind. 2d pta 2 Miscellaneous— Advanee-ltumeiy c0m..., Advance-Kumely pfd Aiaer. Central Lile 23-5 Amer. Creosoting pfd 95 Belt Railroad com 72 82 Belt Railroad pfd 47% ... Century Bulding pfd 98 Cities Service com 323 329 Cities Service pfd 06% 66% Citizens Gas 29 3o Dodge Mfg. pfd 99Vi ••• Home Brewing 55 Indiana Hotel 60 Indiana Hotel pfd 92 Ind. National Life 4% ... Ind. Title Guaranty 59 v O9 Indiana Pipe Line Indpls. Abattoir pfd 48 51 Indianapolis Gas 48 54 Indpls. Tel. com 2 IndDls. Tel. pfd 75 Mer. Pub. Util, pfd 43 National Motor 15 20 Public Savings 2% ... Itauh Fertilizer pfd 40 ... Standard Oil of Ind 050 Sterling Fire Insurance 8% 9% Van Camp Hdw. pfd 95 Van Camp Pack, pfd 91 Van Camp Prod. Ist pfd 5*5 ... Van Camp Prod. 2d pfd 93 Vandalia Coal com 5 Vandalia Coal pfd 10 Wabash Railway com 7Vi ••• Wabash Railway pfd 23% ... Banks and Trust Companies— Aetna Trust 100 Bankers Trust 118 City Trust 82 Commercial National 65 ... Continental National 112 ... Facers Trust 200 Fidelity Trust 120 Fletcher American National. 257 Fletcher Sav. A Trust 163 Indiana National 283 293 Indiana Trust 195 Live Stock Exchange 425 ... I Merchants National 275 National City . 112 120 I People’s State ...' 176 Security Trust 120 ... State Savings and Trust.... 85% ... Union Trust 340 370 Wash. Bank A Trust 142 BONDS. Broad Ripple 5s 46 Citizens St. Ry. 5s 72 JO Ind. Coke A Gas Cos. Cs S8 Ind. Creek Coa, A Min. 65... 98 Ind. Northern 5s ... Ind. Union Traction Indpls. A Colum. South. 55... 88 Indpls. A Greenfield 5* 90 ... Indpis. At Martinsville 55.... 59 Indpls. A North. 5s 36 40 Indpls. A Northwest, 55.... 50 60 Indpls. A Southeast. 5s 44 Indpls.. Shelby. A S. E. 5s 95 Indpls. St. Ry. 4e 52 60 Indpls. Trac. A Ter. 5s 65 Kokomo. Marlon A West -SO% 84 T. H-. I. A E. 5 Union Trac. of Ind. Cs 50 59 Citizens Gas 6s 73 so Ind. Hotel 2d 6s 96 100 Ind. Gas 5s 72 80 Indpls. L. A 11. 5s 75 82 Indpls. Water 5s 87% 91 Indpls. Water 4%s 71 80 M. H. A L. ref. 5s 7 96 New Tel. Ist Cs 94 New Tel. Long IMst. 55.... 93% ... South. Ind. Power 6s 87 ... LIBERTY BONDS. Liberty 3%s 90.82 91.30 Liberty first 4s 85.46 Liberty second 4s 84.70 Liberty first 4%s 85.80 86.20 Liberty second 4%s 84.86 85.12 Liberty third 4%s Bh.<® 80.20 Liberty fourth 4%s 85.08 85.38 Victory 3%s 95.74 96.10 Victory 4%s 95.84 96.10 —Sales—s7so Liberty fourth 4%5.... 88.98 28 shares Indpls. Street Railway.. .$56.00 Money and Exchange Indianapolis hank clearings Tuesday were $3,107,000, against $3,764,000 a week ago. NEW YORK, July 20. Foreign exchange was easy today. Demand sterling was $3.81%. off I%<-. Franc* were 12.22 to the dollar, off 10 centimes; lire. 17.37. off 20. Marks were 2.55 cents and Canadian dollars, 88 cents. NEW YORK July 20—Monev: Call money ruled at S per cent; time rates firm; all rates Su,'oo per -ent Mercantile paper was steady. Call money in London was easy. Sterling exchange was easy. Terse Market Notes —July 20. STOCKS—Twenty representative In rlnstrial rtocka at the close of business Monday showed an average of 90.21, a declino r s .03 ’’’■’ventv active rails aver aged 72.97 off .23. A dispatch from Paris to the New York 8m- that President Repiogle of the Vanadium Steel Companv has been elected a director of the famous Burg A Hutton Steel Corporation in Czecho-Slovakia. The Pullman Company hn florin re 1 the regular quarterly dividend of $2 n share payable Aug. 16. to ntock of record July 31. GRAIN —Corn delivered on July contracts Monday amounted to 219 000 bushels. This makes a total of 1,399,000 bushels so far this month. Weather The following table shows the state of rthe weather at 7 a. m.. July 20. as observed by U. S. weather bureaus: Station. Bar. Temp. Wenth. IniUsnapnlt*. Ind.. S<1?1 67 Clear Atlanta. Ga 30 18 70 Clomlv AmariHo. Tev 30 12 70 PtCldy Bismarck. N. D 30 14 62 Clear Boston. Mass 20 98 72 Clear Chicago, ill 30 18 66 Clear Cincinnati, O 3022 64 Clear Cleveland 0 30.22 62 Clear Denver, Colo 30.08 62 Clear Dodge City. Kas... 30.14 20 Clear Helena. Mont 30.00 56 Clear Jacksonville. Fla... 30 20 .80 Clear Kansas Cttv. Mo.. 30.12 72 Clear Louisville. Ky 30.22 68 Clear Little Rock. Ark... 30.08 74 Clear Los Angeles, Cal... 20.92 64 Clear Mobile Ala 30.14 78 Cloudy New Orleans. La... 30 14 82 Clear New York. N. Y... "30.08 70 Clear Norfolk. Va 30.14 70 Cloudy Oklahoma City ... 30.10 72 PtCldy Omaha. Neb 30.10 72 Clear Philadelphia. Pa... 30.12 70 Clear Pittsburg. Pa 30 22 62 Cloudy Pnrflarid Ore 30 0.8 60 Cloud v Rapid*City. S. 1)... 30 08 6.8 PtC'dy Roseburg. Ore 30.08 56 Cloudy San Antonio. Tex.. 50 10 76 Clear San Francisco, Cal. 30 06 54 Cloudv St. Louis, Mo 30 16 70 Clear St. Paul. Minn 30.02 08 Cloudy Tampa. Fla 30.18 80 Clear Washington, D. C.. 30.16 (IS Clear WEATHER CONDITION’S. Since Monday morning showers and thunderstorms have oecurrerf in many localities of the southern states, especially east of the Mississippi river, and also in parts of the Missouri valley. Asa rule. In north-central sections fair weather has prevailed, with slightly higher temperatures this morning In the middle and upper Mississippi river districts. However. there lias been little temperature change of consequence over large areas In any part of the country. J. H. ARMINGTOX, Muteorologist. CLEVELAND PRODUCE. CLEVELAND. July 20.—Butter—Creamery in tubs, extra. Gl®6l%c; extra fancy, 60@<30%e; firsts. 59059%c; seconds, 570 5Sc; packing, 33®40c. Egg*—Fresh gathered extra, 51c; fresh extra. 50c; northern Ohio, fresh, new cases, 47c; old cases. 46e; western, 45c. Poultry— Roosters. 20@21e. good fowls, 35036 c; extra, 40c; broilers, 35040 c. LOCAL HIDE MARKET. Green hides —No. 1,15 c; No. 2,14 c;, Green calves—No. 1,16 c; No. 2, 20% -. Horsehldes—No. 1, S7; No. 2. $6. Cured hides —No. 1. 17c; No. 2- lflc.

SWINE VALUES IN FURTHER UPTURN Calves and Lambs Decline — Cattle Steady. RANGE OF HOG PRICES. Good Good Good. July Mixed. Heavy. Light. 14 . [email protected] $15.76(J16.00 [email protected] 15. [email protected] [email protected] [email protected] 16. 15.50 @ 16.00 [email protected] [email protected] 17. [email protected] 16.00016.26 [email protected] IS. 16.25 @16.40 16.00016.25 [email protected] 19. 16.50016.65 16.35016.50 16.65016.75 20. [email protected] [email protected] [email protected] Large receipts and almost negligible holdover failed to stop the upward course of prices in the hog market today. A further .advance of 10c on the ICJ carried the going level up to $16.75, with odd sales of fancy stock being made as high ns sl6 90. The upturn was rather uneven, good hogs averaging 160-225 bringing $16.75 while hogs weighing 22;>-200 sold at [email protected]. Good heavies :)0 pounds and over, changed hands at $15.-5015.50 Inquiry was comparatively broad, and local packers took a substantial part in the dealings. The demand from the east, as reflected in the activity of order men was good. Kitigan A Cos. took 2.500 of the approximately 10.000 hogs available, while other local houses purchased about 1,500 in nil. Steadiness prevalleft generally In the cattle division, although good steers displayed an easier tone. Receipts amounted to about 90**. Calves were 50 cents lower on the contraction of eastern demand nnd large i•*eelpts. the day s run totaling 700. Good to choice veal calves sold at $15016, with a few bringing $16.50. Receipts of sheep were larger, but the price of good fat/ sheep held up fairly well, despite a deoflne of 50 cents In lambs to $13013.50. HOGS. Best light hoge, 100 to 250 lbs " average 10.75®W.9l 250 to 800 lbs. average [email protected] (tier 300-lbs. average 15.504cr16.00 Best pigs, under 140 lbs [email protected] Sows [email protected] Bulk of sales ld.io Top ' 6no CATTLE. Prime oornfed steers. i.:a lbs and up 16.60® 16.50 Good to choice steers, 1.300 lbs and up [email protected] Good to choice steers. 1,100 to 1.300 lbs * L-. 50014.00 Good to choice steers, 1.000 to 1,100 lbs [email protected] Common to medium steers, 900 to 1,000 lbs 6.00@ 10.00 —Bulls and Calves— Good to choice butcher bulls. 6.000 9.00 Bologna bulls *J-{>**@ Light common bulls 4 50® 600 4’bolce veals 15.00016.00 Good veals JAW)®}®'®? Medium vealn [email protected] Lightweight veals [email protected] - -Stockers and Feeding Cattle — Good to choice steers. NV) lbs. and up [email protected] Good to choice steers, under SOI) lbs 8 00® 9.00 Medium to good cows s.sft@ 6.09 Good cows 6.00® 7.0i Good heifers i.OOffl 8.00 Medium to good heifers 7.75® 8.25 Good milkers 50 00® 125.00 Medium milkers 60.000 100.0) Stock calves '250 to 450 lbs 7.U001000 —Heifers and Cows— Good to choice heifers [email protected] Medium heifer* lO'OUjj 11.50 Common to light heifers [email protected] Choice cows 15.00® 12.60 Good to choice cows 8.000 9.00 Fair to medium cows 7.000 8.00 Canners i5.00@ 7.00 Cutters 4 000 6.00 —Sheep and Lambs— Good to choice sheep 5.00@ 6.00 Fair to good sheep 3 .>o® 5.00 Common to medium sheep... r 2.50® 3.50 Bucks 2.500 4.00 Common to choice yearlings.. 6.00@ 8.00 Good to choice clipped 3.000 7.00 Spring lambs lo.uo® 13.00 Other Live Stock CHICAGO, July 2ft.- Hogs—Receipts, 28.000; market slow, mostly 15@23c higher; bulk, [email protected]; top, $16.65; heavyweight. $14.90® 16.40; medium weight. $15.90® 16.60; lightweight, $15.50016.65; lights, [email protected]; heavy packing sows, smooth. [email protected]; packing sows, r0ugh,[email protected]; pigs. $13,25015. Cattle Receipts. 11,000 head: fat light steers strong; others dull; calves, SOOSI higher; steers, choice and prime, $16,100 17; medium and good. [email protected]; good and eho.ee sl4 85010.75; common and medium. $10014.85; heifers. 50.500 14.90; cows, $6.50012.75; bulls, $6.25012.25; canner steer*. $4.7507.50; veal calves, $13015.50; feeder sreers, $8.50® 12.75; stoeker steers, $6.25@11; stocker cows and heifers. $5.50@8.<5. Sheep Receipts. 13.U0C; market, steady to 25c lower; lambs, $7.50016.25; yearling wethers, sl‘> @l4; ewes s3@9; breeding ewes, slo@ 11; feeder lambs, [email protected]. CINCINNATI, July 20 Hogs -Receipts. 3.200; market strong and 25c higher; he.ry, mixed and tneritim, $18.75; light, $16.60;' pigs, sl3; stags. $9.50. ( attic Reieipts 40), market weak; bulls strong; calves, $10.50(g17. Sheep and lambs —Receipts. 3.IMJ; market strong; sheep. SK: lambs, $16.50. CLEVELAND, July 20.—Hogs Receipts, 10,000: market strong; yorkers. $16.10; mixed, $10.10; medium, $16.10; pigs. sls 50; roughs, $12.50; stags, SB. Cattle—Receipts, 200; market slow. Sheep and lambs —Receipts, 200: market slow; top, $16.50. Calves -Receipts, 200; market steady; top, $lB. PITTSBURG, July 20. Cattle—Receipts, light; market steady; choice, $15.25® 16; good sl4 25015; fair. sl3® 14: veal calves, $10.50017.25. Sheen and lambs —Receipts, light; market higher; prime wethers, $10010.25; good, sß@lt; fair mixed, s7@B; spring lambs, ss® 15.50. Hogs—Receipts, 10 doubles; market higher; prime heavies, $16,500 16.60; medium. $17.40® 17 50; heavy jork era, $17.20® 17.35; light yorkers, $16.25® 16.75; pigs, $15.50010; roughs. sl2® 13.20; stags, sß@9. EAST ST. LOUIS, 111. July 20.—Cattle Receipts, 5,000: market prospec’s steady; native I eef steers. $9015; yearling beef steers and heifers, $1150012.25; cows, $9011; stockers and feeders, $8.75 09.75; calves. $12®13; canners and cutters, $406.73. Hogs -Receipts, 10.000; market 20®30e higher; mixed and butchers. $16.35® 16.70; good heavies, $15.50® 15.75; rough heavies *12.50013 50; lights, $16.35016.70; pigs, $13016; bulk of sales, $16.35016.05 Sheep- Ke.vlpts, 9.O0O; market steady; ewes, $8@0; lambs, sl4 @15.25; canners and cutters, *2@4. EAST BUFFALO, duly 20. Cattle Receipts, 1,000; market active; shipping steers, sls 300,16.25; butcher grades, sl6 @ls; cows, s3® 10.50. Calves Receipts, 1,100; market active and steady; culls to choice, s6®nS.so. Sheep and iambs Receipts, 1,800; market higher; choice 1amb5,,515.50@16; culls, fair. $9015; yearlings, $11013; sheep, Ss@lft. Hogs- Receipts. 3,200; market active, 23 to 50 cents up; Yorkers, $17.50017.75; pigs, sl7; mixed, $17.50017.00; heavies, $10.75017; roughs, [email protected]; stags. S9OIO. WHOLESALE FEED PRICES. Ton Sacks. Cwt. Acme brand $59.25 $3.00 Acme lecd 62.25 3.1,5 Acme middlings 66.25 3.35 Acme dairy feed 78.25 3.95 E-Z dairy feed 69.25 3.50 Acme 11. 6c M 84.23 4.20 C. O. A B. chop 70.25 3.55 Acme stock feed 70.00 3.55 Acme 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 hog feed 80.00 4.05 Acme barleycorn 83.25 4.20 Ground barley 84.75 4.30 Ground oats 85.75 4.35 Hotnlik white 80.75 4.10 Rolled barley 84.75 4.30 Alfalfa mol 73.00 8.70 Cotton seed meal 80.00 4.05 Kafir corn meal 68.25 8.45 Grains*. Shelled corn, small lots $ 2.05 Shelled corn, large lots 2.04 Shelled corn, bu sacks 2.14 Oats, 3 Ini sack 1.84 Oats, bulk, large 1.28 Oats, less than too bu 1.29 Chicken wheat, cwt, sacked 4XO CORN MEAL AND FLOUR. Corn meal, cwt, net $ 4.90 K-Z bake bakers’ flour. 98-lb sacks. 14.70

INDIANA DAILY lilviiLfc, iuLoDAY, JlLi xU*

GENERAL DECLINE IN GRAIN PRICES Curtailed Export Demand Outweighs Rust Report. CHSVAGO, July 20.—Withdrawal of the British commission from the expert market outweighed reports of black rust In the northwest and forced lower prices on the Board of Trade today. Wheat closed 1% cents above the day’s low, but corn and oats were dose to the bottom. Trade in the wheat pit wag the smallest since the market was retopened, with the December delivery selling within 1 cent of March at the start, but quickly dropping 3 cents to the discount, at which it has been selling. Prices rallied 3 cents on the weather map’s showing higher temperatures in the northwest and lack of rain in the j Canadian provinces, together with Le- j count's assertion that spring wheat will be badly damaged regardless of the \ weather. Corn averaged lower on selling through commission houses, rallying frequently on buying on the breaks. (By Thomson & McKinnon) —July 20— Claims of the appearance of rust in new wheat territory were received today, but there is an Ideh on the part of cou- ] servative people that the crop was so j well advanced prior to the recent out- i break of rust that a reasonably good j yield Is probable. The British commission is reported to [ be out of the export market, but there f were bids from other sources at un- j changed to lc lower. A few hedging sales were in evidence j in this market, but nothing of proud- j nence. Fears of rust were an early motive in | corn, but were forgotten later, prices be- j ing more inclined to reflect the receipts I of 260 cars and a very slow cash demand. Deliveries on July contracts so far this month approximate the 1.500,000 ; bushel mark, with probability of more to coine. Somewhat higher temperatures are pre- j dieted, which will be distinctly beneficial. A feature In the market ts the absence of any broad outside Interest or Inipor- : tant buying power. It may be argued , from this condition that the heavy tone j of the cash market and the discount for ; the Julv delivery will drag prices lower, i The cash market In oats is Inclined to j anticipate receipts of the new crop, as ; premiums are slowly disappearing. The lack of general Interest is more j pronounced in this market than in the ■. others. Prices should drag with any weakness in corn. CHICAGO GRAIN. —July 20Open. High. Low. flose. Loss. WHEAT— ~ I>ee. 2.61 2.01 2.55% *57 2% | Mur 2.64 2.64 2.60 2.61% 3% ' JuU~l.no 1.51% 149% 1.49% I%| Sept 1.52% 1.53 1.50% 1.50% 2% Dec. 1.39 1.30% 1.37% 137% ..•! 1.50% * July 90% 90% 80% 88% % Sept 77% 77% 76% 76% 1 Dec. 76% 76% 75 75% 1% I 1 July 26.85 26.85 26.85 26.85 25' Sept 28.6 ft 28.60 28.05 28.35 -2-> 1 July 18.95 18.95 18.02 18.02 .03 j Sent 19 30 19 45 19 3ft 19 42 03 Oct. 19.70 19.87 19.70 19.80 * 35 i!!pt 16.80 17.02 16 70 10.90 02 •Gain. CHICAGO CASH GRAIN. CHICAGO, July 20. Wheat No. 2 red. $2.80; No. 1 red, *2 83; No. 2 hard. $2.85; No 3 northern spring. $2.80; No. 5 northern spring. $2.70; No. 3 mixed, $2.70. Corn No. 2 mixed. $1.53® 1.54; No. _ white $1.5801.59: No. 2 yellow, *1.540: 155- No. 3 mixed, $152. Oats—No. 2 white. 90097 c; No. 3 white, 92@4c; No. J white, 88®93c; standard. lc. TOLEDO CASH GRAIN. TOLEDO, July 20.—Wheat No. 2, $° 82, Corn No. 2 vellow, $1.60. *>ata No 2 white, *1.03®1 'd. R.ve No. 2. $2 17 Bariev No. 2. $!.35. Cloverseed - (' H sh nnd October, $24; December, $23. Timothy 1917 Hnd 1918. cash. $5.40; 1919, cash, $5.50; September, $5 75; October and December. $5.60; March, $5.7i%. Ai<dke— j Cash. $23; October, $23; December, SV3. PRIMARY MARKETS. (By Thomson A McKinnon) July 20. - Receipts Wheal, Corn. Oat* Chicago 87.000 334.000 415.000 Milwaukee 8.000 47.000 61.0!X> Minneapolis ....188000 5,000 15,000 Duluth 56.000 ; St Louis 114.000 35.000 62.000 Toledo 6 000 11.000 6.009 Detroit 2.000 2.000 j Kansas City ...234.000 41.000 43.000 pcorta 25.000 36,000 32.000 Omaha 68.000 43.090 20.000 Indianapolis SS.OOo 115.000 40.000 Totals 826.000 6ftH.O,V 720.000 Year ago .. .2.211.000 404.000 1,095,000; Shipments— Wheat. C im. Oats. Ch'cngo 66.009 57,000 132.000 Milwaukee 16.000 55.000 72.000 Minneapolis ...130.000 13,000 IS.OUO Duluth 264.000 St Louis 138.000 63,000 106.000 Toledo 3.000 | Detroit 4,000 16.000 Kansas City ....138 000 18.000 2.000 Peoria 4,000 11.000 30,000 Omaha 49.000 50,000 20,000 Indianapolis 5,000 3.000 1,000; Totals 801 000 209,000 381,000 Year ago 624.000 346,000 858.000 j —Clearances — Wheat. Corn. Oats. ! New York 223.000 j Philadelphia ... 43 090 ! Baltimore 996.000 New Orleans .. .282,000 Totals 1.544,000 Y ear ago 130,000 50,000 INDIANAPOLIS CASH GRAIN. Bids lor car lotos of grain nnd hay at i the Indianapolis Board of Trade were; Wheat—Steady: No. 2 r'-l, *3.82. Corn—Easier; No. 3 white. .$1.61%; No. j 0 white. $1.55%; No. 3 yellow, $1.57%®% 1.58: No. 6 yellow, $1.53. Oats Easier: No. 2 white, 97%®98%e; No. 3 white., 96%c; No. 4 white. 93%c. . Hay—Weak; No. I timothy. $34034.50; ! No. 2 timothy. s33® 33.50; No. 1 light j clover mixed, [email protected]; No. 1 clover mixed, $32.50033. —lnspections - Wheat—No. 1 red, 2 cars; No. 2 red,; 14 cars; No. 3 red. 2 cars; No. 4 red,; % cars; total, 21 cars. Corn—No. 1 white, 2 mrs; No. 2 white, 1 14 cars; No. 3 white, 2 cars; No. 6 white, j 3 cars; No. 1 yellow, 3 cars; No. 2 yol- ; low, 15 cars; No. 3 yellow 2 cars; No. I 6 yellow, 1 car; No. 2 mixed, 1 oar; sum- j pic mixed, 5 cars; total, 46 cars. Oats No. 1 white, 1 ear; No. 2 white, 15 cars; No. 3 white, 2 ears; total, 18 curs. Hay- No. 1 timothy, 1 car; No. 1 clover mixed, 2 ears; total, 3 cars. WAGON WHEAT. Indianapolis Hour mills and elevators are paying $2 50 for No. 1 red wheat,! $2.50 for No. 2 red nnd $2.45 for No. 3 red. Other grades on their merits. CORN AND WHEAT BULLETIN. For the 24 hours ending at 7 a. m., 90th meridian time, Tuesday, July 20: I’emperature. Stations of ™ a-S Indianapolis m **' •ent District. £ J 1 s 9 5.5 ja = o a j i | Gu South Bend 77 53 | 0 j Good Angola 77 55 I 0 Good Ft. Wayne 76 58 0 Whcatfleld 80 .. 0 Good Royal Center ...[ 78 56 j 0 [ Good Marlon J 79 53 ft Good Lafayette 178 56 0 Good Farmland [7B! 52 . 0 Good Indianapolis !70 I 00 0 Good Cambridge City..| 78 |52 ! 0 Good Terre Haute | *8 | 60 | 0 Good Bloomington ....! 80 155 j 0 Fnir . Columbus 1801 54 I 0 Fuir Vincennes (SO[ 59 ! 0 Good Paoli 1831 54 I 0 Fair | Evansville |B2j 64 I 0 j J. H. ARMINGTON. Meteorologist Weather Bureau.

On Commission Row TODAY’S TRICES. Apples—Barrels, $8011; boxes, s4@ 4.50; baskets, $2.50@4. rag us—Fancy home-grown, dozen, Bananas—Pound, B@loc. Blackberries—Crate, $306.00. Cabbage—Fancy Texas, barrels, 2%@ 3%c; Mississippi, [email protected]; homegrown, bbl, $5. Beans—Michigan navy, in baga, per lb, 1 B%@9c; California pimas, in sacks, 13® ! 14c; marrowfats, per lb, 14%@10e; green, fanox-. home-grown, hamper, $3.64. Beets—Fancy Kentucky, per hamper, $1.25; home-grown, doz, 45c. Blackberries—Crate, $2.7506. Cantaloupe—Crate, standard, $405; fiat, $2. Carrots—Forty-lb. basket, $2.50; homegrown, 250 c per doz bunches. Cauliflower—Crate, $304. Celery—Florida, per crate, $7; fancy trimmed, per doz, $202.50. Cherries- 16-qt case, $4; New Albany, 1 crate, $6; home-grown, basket, $2.5004. Cucumbers—Fancy hothouse, per doz, $2; fancy Florida, 5-doz crate, $5.25; home-grown, doz, $1.5002. Grapefruit—Extra fancy Floridas, $4.50 06.60. Gooseberries— $4. Kale—Fancy home-grown, opr üb, st. Lemons-Extra fancy, Callrornla $4.50 @5. Lettuce —Home-grown, leaf, per lb, tr @7e; Iceberg head lettuce, per crate, $5 @7; hme-grown, 10012 c per lb. Mangoes—Fancy basket. 5101.50. Granges Extra fancy Calirornlas, navels, $.5007; Valencias, $4.7500; extra j funry mediterranean sweets, $5.5008. Onions--Fancy new Texas white, 50ilb crate, $2; some yellow, ?1.75; homegrown. green doz, 10025 c Parsnips—Fancy, 65-lb 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, $203.50; fancy telephones, bu, $4. Pieplant—Fancy home-grown, 25040 c doz. Pineapples—Ripe Havanas, $4.5007.50. | Potatoes—Northern whites, $s p>T Bn* lhs; bags, sl2; new Texas $9 per HO lbs: fancy new Florida Rose, per bbl, j $14.50015; per 55-lb basket, $5 25; Virginia and Kentucky cobblers, bbl. $13.50. ; Radishes—Home-grown, button, doz bunches, 25035 c: southern, long, 15®20i. Raspberries —Case, $2.7506. Seed Potatoes— irisii Cobblers, Maine, per 100 lbs SS. Sweet Potatoes -Fancy Jerseys, S3O 3.25 per hamper. Seed Sweet Potatoes—lndiana grown yellow Jerseys, per bu, $1.25. Spinach— Fancy, per bu. Si®2. Tomatoes Basket. $1 7503.25. Watermelons Fancy Florida, 75< @sl. WORK OUT PLANS FOR CROP MOVING Carriers and Three Government Bureaus Co-Operate. WASHINGTON. July 20. -The nlltNdi and three government agencies today | were co-operanitg to aid prompt handling ! of the nation's wheat crop, harvesting of : which is well under way. The Interstate commerce commission is working with the road? to get cars to the wheat belt; the federal reserve board ! Is ready to care for the credit situation, j and the department of commerce is at- : tempting to get a labor supply. This' should result In lower wheat, flour and bread pricer and tend Hi lower prices of nil articles of food, officials here be- j lieve. Forty thousand freight cars are now | being driven west under special gov- I ermnental orders. Approximately 266,000,000 bushels, or 42.6 per cent of the wheat crop, now has been harvested, agriculture department officials spld. More than one billion dollars is avail- ! nhip for loans by western banks under the federal reserve system, according to an official statement of the reserve board. Labor is now plentiful throughout the wheat belt, according to reports to the agriculture department. When the harvest began practically no cars were in storage in the belt, although last year stored curs totaled 40.00 b. farmers, they j counseled, must sit tight and be ss patient as possible. Despite assurances of officials, crop movements so far can only be described ss “totally Inadequate.’' according to President J. R. Howard American Farm Bureau federation. Mr. Howard said that 25 per cent of last year's crop still is crowding elevators and Impossible of transportation. WIOUMLE MEATS. Wholesale meat price* are quoted by Indianapolis packers as follows: Hams—Regular, 14 to 16 lbs, 42%c; skinned, 8 to 10 lbs, 43c; fancy boiled, 10 to 13 lbs, C3o. Bacon—Fancy breakfast, 5 to 7 lbs, j 48c: fancy sliced, 1-lb carton, 57c; sugar ' cured. 4 to 6 lbs average, 47c Balt Meat—Dry s.tlf Indiana butts, 16c. Lard—Refined, llercea basis 20%Cte open kettle, tierces basis. 21 021 %<■ Fresh Turk—-Spare ribs. 18%c : -boulder bones, %••; tenderllus, 58®d2c; dressed (logs. 24%<\ Reef Steers, medium, 400 to 500 Ills. 21 %■•; No. 2 heifers, 20c; native cows 186® Ilf; medium cows. 14® 15c; loins. No. 2,29 c; No. 3,26 c, ribs, No. 2. r.pe; i No. 3.25 c; founds. No. 2,29 c; No 3. 27c; chucks, No 2. 15< : No. 3, lie; plates, cow. No. 2. 12c; No. 3,10 c. WHOLESALE PRODUCE. Eggs—Fresh, loss off, 42c Poultry—Fowls, 29c; broilers, 1% to 2 1 lbs. 42c; cocks, 17c; old tom turkeys, I 30c; young tom turkeys, 12 lbs and up,! 35c; young hen turkeys, 8 lbs and up, 35c; thin turkeys not wanted; ducks. 4 lhs and up, 20c; dtuks, under 4 lbs. 17c; young ducks, 30c; g'-cse, 10 lbs nnd up, 16c; squabs, 11 lbs to dozen, $6.50. Butter —Clean packing stock, 35c lb; fresh creamery butter in prints is selling at wholesale at 52061 c; In tubs. 58c. Butterfut—Buyers are paying 57®59c for cream delivered at Indianapolis. Cheese (wholesale selling prices)— Brick, 30035 c lb; New York 'Team, 35c; Wisconsin full cream, 32%@33%c; longhorns, 33%®450; lltnbur -or, 34®38cl Swiss, domestic, 60® 65c: imported, sl. CHICAGO PRODUCE. CHICAGO, July 20. Butter Receipts, 13.712 tubs: creamery extra. 55c; firsts, 49054 c; seconds, 44048 c; packing stock, 34® 40'-. Eggs R eelpts, 12,906 cases;: miscellaneous, 42043 c; ordinary firsts. 39 ; ®,4lc; flrsls, 42® (4c extras. 51052 c; checks, 33®84c: dirties, 3.5®36c. Cheese- -i Twins (new), 24%@*25c; daises, 24%®.-23c; | young Americas, 26%®27c Longhorns. 26 j ®26%c; brick, 26@26%c. Live poultry- i Turkeys, 40c: chickens, 31%c; springs, broilers, 40048 c; roosters, 23c; geese, 2<) 030 c; ducks. 30®32c. Potatoes Receipts, 108 cars early Chios. Kansas and Missouri, $5.750590; Kentucky cobblers. $6 50 per 100 lbs.; Virginia, bbl, $10.75® ! 11.25. U. S. Plane Leaves Erie on Nome Trip ERIE. Pa., July 20. —The first plane (a leave Erie on the second leg of the New York-Nome flight, hopped off at 2:45 p. ra. today. Number 3 was the first plane to get away for Grand Rapids, the second control. The other three planes in the squadron hopped off shortly afterwards. U. S. Consul Demands Mexican Raid Amends WASHINGTON, July 20.—The Atner- i ican consul at Neuvo Laredo, Mex., has demanded atonement of the Mexican an- i thorities for raids by troops of the ile la j Huerta government early Sunday morning on the ranch of Alfred Matthews, an American citizen at Altos, state of Nuevo Leon, the state department announced today. Treaty Revised at , j Spa, Says Frenchman PARIS, July 20.—Andrac Tardien, former French high commissioner to the United States, in the Chamber of Deputies this afteruuon denounced the Spa agreements on the ground they revised | the treaty. “Modifications of the peace treaty are becoming serious,” declared 1 M. Turdieu.

CRAVENS PUT ALL FACTS IN HANDS OF DIST. ATTY: (Continued From Page One.) Indianapolis, on the ground that "any investigations and charges that were to b a part of federal proceeding should orlgi- ] nate in the federal court and not on the | floor of the Indiana legislature.” Chairman Bush handed over the gavel to Seantor Harry E. Negley, republican floor leader, following the deliverance of the reply to the governor, and Negley throttled all attempts made by friends of Senator Cravens to have the reply made a matter of record. Attempts to make a motion by Senator E. P. Eisner, democratic floor leader. ! were cut short by the chair, who dej manded that Senator Eisner make known the content of his motion. “The chair has no right whatever to demand the contents of my motion, and furthermore it is nobody’s business wha; the motion contains,” replied Senator Eisner, “The chair is obliged to hear a motion.” “In this instance the chair has a right to demand the purpose of the motion," was the rejoinder of Senator Negley. “If it pertains to the. discussion of' | Senator Cravens’ charges, then the mp- j I Gon will be considered out of order and ■ ihe chair will refuse to recognize you.” The senate committee on elections this morning reported favorably senate bill No. 399, providing for the repeal of the primary election law. ; Attempts in the house to call this bill up for third reading yesterday met with failure, and it was expected that it would be called up again today. FAVORABLE REPORT ; IS LOOKED FOR. | Opinion of the majority of the memi her* of tlie senate Is to the effect that i the bill will be treated favorably in the j I upper house. Bills providing for blue sky legislation j j and for granting of power to the public service commission to grant priority to j movement of coal cars to mines, were to j be taken up as special order of business this afternoon at 3 o’clock and 2 j o'clock, respectively. Adjournment was taken at 12 o'clock i noon, however, because of the failure of ; the state printer to have copies of the ; two hills printed and read for the at the time the measures were to be con- 1 I sldcred. For this reason the senate did not con- j vene this afternoon until 3:30 o'clock. House bill No. 520, providing that ! 1 cities of the third class might name a city j 1 treasurer, passed in the iower house by j | a vote of 72 to 7, was reported out of | committee iu the senate without recoin- j I inendutlon. i The biil, introduced in the lower house j by Representative Flflehl and providing ; ' for restoration of the ten amendments to ; the county unit road law. which were ! lost In tin* enrolling room during the last I regular session and which was passed by the house by a vote of 81 to 0, was ! reported favorably out of committee in ! the senate. City Clerks’ Duties Bill Passes House j A bill designating the duties and salaries of the city clerk and his deputies was passed by the house today by a vote of 8Q to 3. I The bill provides that the city clerk ;of every first-class city shall be clerk of the council and may appoint, at his expense, one or more deputies to assist , him. Also, In cities of third and fourth class, the city clerk shall serve as the clerk of the board of public works. The bill fixes the salary of the city clerk Irt rifles of first class at $3,000 a ; year; in cities of the second class, $2,000; j and cities of third class. $1,500; In cities , of fourth class, the salaries will be fixed j by ordinance, not to exceed SI,OOO a year, and In cities of the fifth class the sal- ; aries will be fixed by ordinance for j 1 specific duties. Deputies salaries for extra work ; caused by the clerk’s connections with ! the board of public works range from | S7OO to $2,000 a year. Committees Named by Advertising Club Announcement of new committees to 1 serve for a year were made by the In-! dianapolls Advertising club today. The committees are as follows: Advisory—Bert O’Leary, William D. Keenan Sent J. Freeman, Frank T. Oarroll and Merle Sldener. Urogram Fred Millis, Horace Uynb and John 8 Wright. Membership—Charles A. Birdsong, Trace Ellis and Theodore E Root. I’ubllelty—l. Kornblum, Ralph Boai i aud George H. Oiler. Adscript—Briant ttando, Maurice Lipson and Harry Dragoo. * Exhibits t\ O. Voorhies, Mary Bueh- ! ler and Everett Davis. Entertainment —Harry Williams, Elderia Lauter nnd George Gill. Speakers Edward W. Hunter, Ernest ; Cohn and Harry Noel. Better Business—John C. Mellett, Wil- j Ham Kothe, L. G. Rothohlld, 11. E. Myers and G. F. Olwtn. Library- J. T. MeDermont, Mamie L. Bass nnd Frank L. Bickford. Educational Frank Chance, Charles E. j Rush and 11. IV Pagani. Chamber of Commerce—Paul Richey.. T. I A. Carroll and George B. Hill. Credo Club Elects FirstJSet Officers R. W. Wicks was elected president; | Harry M. Carr, first vice-president;! Harry E. Connell, second vice-president; j Walter It. Sosh. secretary, and Charles s. Thomas, treasurer, at the first meet- i ing of the Credo club, a Junior organiza- ; tion of the Indianapolis Association of \ i Credit Men, at the Chamber of Commerce ! last night. The purpose of the club, membership In which is open to all in the credit, collection and accounting departments of business institutions In the city who are not eligible to membership in the Indlanapols Association of Credit Men, is the ! discussion of business problems peculiar to their own line. The club also will have its social features and plans a number of outings and dntioes for (he ensuing year. A committee, consisting of the officers of the club and Lawrence G. Holmes, j general secretary; of the Indianapolis Association of Credit Men, was appointed to droft a tentative set of rules and regulations. Trade Conditions to Govern Woolen Cos. LAWRENCE, Mass., July 20.—Mayor William H. White had before him today the reply of William H. Wood, president ; of the American Woolen Company to his; | insistent demands as to why the four j | mills of the company hnd shut down and ! ; when they would reopen. Wood, regarding closing of the mills, ! declared it was necessitated by cancella- j tion of orders. He said reopening of the mills depend- [ ed entirely on trade conditions. Fully 15,000 employes were thrown out j of work when the mills were closed. Booze Blamed for 5 Murders on Docket LA PORTE. Ind., July 20.—The criminal court of Lake •bounty, with today's session, will establish a record for the number of miff-der cases on the docket for which thejiieath penalty will be asked, j There are flte cases on the calendar as j the result af murders committed during j drunken brjlwls. I

House Adopts Bill to Help Defendants The following bills, recommended for passage by various committees, have been adopted by the house of representatives: Engrossed senate bill No. 375, by Senator Negley, increasing compensation for the care of dependent or neglected children who are wards of Juvenilecourts to an amount not exceeding 75 cents a day, from the committee on rights and privileges. Engrossed senate bill No. 397, by Senator Douglas, authorizing lnterurban lines to haul live stock through Incorporated cities from the railroads committee. Engrossed senate bill No. 404, by Senator Duncan, amending an act concerning public officials, from the committee on banks, with phraseology amendments. FORMER SEATTLE MAYOR IS HEARD Tells of Radicals’ Activities in Shipyard’s Strike. CHICAGO, July 20.—01 e Hanson, former mayor of Seattle, today was placed on the witness stand in the trial of ! William Bross Lloyd and nineteen other j leaders of the communist labor party, charged with conspiracy to overthrow the government. His testimony, which was fought bitterly by attorneys for the defense, dealt largely with the activities of radicals in the Seattle shipyards strike, which the prosecution is endeavoring to link the communist labor activities. Prior to the calling of Mr. Hanson as a witness, Harry J. Wilson, a government secret service operative, testified that at the Seattle strike the "red” forces had planned to turn over the city government to a “soldiers,* sailors’ and xvorkers council.” I Hears Case Against Investment^Company | Special Judge Charles W. Moores, in i Marion county circuit court, today heard evidence In the case of James Mclntosh, ( receiver for the American Gig Saddle j Company, who has brought suit against 1 stockholders of the German Investment ! and Securities Company, asking payment j of funds alleged to have been fradulently , paid. j The one of several similarly ! filed asking to recover funds said to have j been "milked" fro.n the treasury of the ! company. ! The plaintiff introduced evidence today seeking to sustain allegations that the ! officers of the company Illegally paid dlvi idends and “juggled” accounts to cover : losses of tlie company. Speciai Judge Moores will continue the i hearing tomorrow morning. Falls in Mine Shaft; Dies Shortly After BRAZIL. Ind.. July 20. Joseph Jones, 56. was fatally Injured today when he fell eighty feet to the bottom of the National Fireproofing mine here this morning. I Jones, whose back was broken, died in a hospital shortly after his plunge. Jones was pushing a car to the dump and apparently thought the cage was in place across the mouth of the mine. As he pushed the car over the edge he was dragged with It, landing on his head and shoulders.

makes money when it is wisely placed and well protected. That is our business. IRtamt Gamjxuqj 202 Odd Fellow Bldg. Indianapolis, Indiana. INVEST WITH A YOUNG COMPANY AND LET YOUR MONEY GROW The Stevenson Gear Company is less than one year old and is growing by leaps and~bounds. Buy 8%, Participating, Preferred Stock and secure Common Stock as a bonus. Stevenson Gear Company 942 Daly St., Indianapolis, Ind, Phone Prospect 2464. ~CENTRAL STATES AGENCIES Incorporated under the laws of the State of Indiana Financial Brokers and Underwriters Phones 4 2 f1 5^2 0 M 5 to 618 Lemcke Building ■■ ■ 'lr HURST& CO. STOCK |ra , COMMON AND PREFERRED TyQfj 415 LEMCKE BLDG. 1 We are pre- I HAIIC on ,arm and pared to make bvMllw city property THOS. C. DAY Sl CO.

BILL BOOSTS TEACHERS’ PAY House Passes School Measure Without Dissent. Increased rates of pay for teachers rf 1 public schools is provided for in Representative Laughlin’s bill, which unanimously passed the house of representatives today. Wages to be paid different classes of teachers If the bill passes the senate and ‘received the governor’s signature, are as follows: For begining teachers, amount determined by multiplying 4% cents by the general average given such teacher on his highest grade of license at time of contracting. For teachers of one year's experience, determined by multiplying 4% cents by the general average. For teachers of three years’ experience, determined by multiplying 5% cents by the general average. All teachers now exempt from examination shall be paid an amount determined by multiplying 6% cents by the general average of scholarship and success given such teacher. In the case of the last, the scholarship accounted is that of the teacher’s last examination, aud the grade of success is that of the teacher's last term preceding the date of contract. In all cases a school year is defined as not less than six months. Two per cent shall be added to the teacher's general average scholarship for attending the county institute the full number of days. The minimum salary paid to teachers is named as SBOO a school year. Bond Exemption Bill Meets House Defeat Attempts to exempt from taxation bonds, issued by municipal corporations and bearing 6 per cent interest, were defeated when the house today refused to pass Representative Dailey’s bill amending the act for fixing the rate of interest on tTbnds or temporary loans. The vote of the house stood 34 for and 53 against. Favoritism shown bonding houses would result should such a bill be passed, some of the members of the house said. “The amendment provides for nothing more than polite highway robbery,” declared Representative Barker of Boone. Investment ■ 3 ! Is a weekly magazine. Tells you just what you should know about high grade listed stocks and bonds, and how to make a profit on them. Contains nothing for the man or woman who wants to get rich quick, but is I worth much to those who want to put their saving and investing on a more profitable basis. One investor, after comparing the statements in "Investment” with Babson’s and Poor’s for five months, says the service it renders usually costs from SIOO to $ 120 per year, “investment” will be sent to you free if you ask for it.