Indianapolis Times, Volume 34, Number 54, Indianapolis, Marion County, 14 July 1921 — Page 10

10

STOCK MARKET CLOSES HEAVY U. S. Steel Down 1 1-2 Points —Mexican Petroleum Off. SEW TORE. July 14.—The stock market closed heavy today. United States Steel sold down to 73, a loss of I 1 * point*. Mexican Petroleum continued active, falling to anew low record for the day at 103%. and Pan-American Petroleum fell to 49%. Royal Dutch was In supply, dropping orer 2 points to 55%. Studebaker yielded to 70% and General : Asphalt to 46%. The railroad shares were neglected. ‘ Southern Pacific falling nearly 1 point j to 78%. Total sales of stocks were 5C0,400 shares bonds, $9,64?,C00. (By Thomson & McKinnon) —July 14— At the opening of our market this morning there was really nothing of substance upon which to base any market operations. We had a story from Mexico published here, calculated to create the impression that the oil taxes there were to be removed, but It was quite apparent that this was like many other similar stories based largely n nthe imagination of the writer. However, it served the purposes of creating a little activity In Mexican Petroleum, but the demand was quickly satisfied. Os far greater importance Is the continued dullness In the steel Industry. This is the most serious matter we have to deal with .and until there are some signs of a revival here. It Is doubtful If the public will dlsplsv much confidence. Liquidation still continues in spots. This was again In evidence today In Chandler Motors and Western Union was the latest addition to the list. We see nothing In the existing situation to warrant any big swing in values either wav. We are Inclined to look for a trading' market for a while. TWENTY STOCKS AVERAGE. NEW YORK, July 14.—Twenty Industrial stocks Wednesday averaged 68.6a, , off .05 rer cent. Twenty active rails averaged 71.10, off .60 per cent. CLEARING HOUSE STATEMENT. NEW YORK, July 14.—Exchanges. $568.000.000: balances. $55,000,000; Federal Bank credit balances, $44,400,000. Money and Exchange j Indianapolis bank clearings Thnrsdsy were $2,778,000 against $2.750,CM> for Thursday of the week before. NEW YORK CALL MONEY. NEW YORK, July 14—Money—Call money ruled, fl per cent; high, 6% per cent: low, 6 per cent. Time rats steady. | all 6% per cent. Time mercantile paper steady. Sterling exchange was steady. ' with business in bankers' bills at $363 for demand. NEW TORK~ July 14.—Foreign exchange opened weak today, with demand Sterling l%c lower at $.163%. Francs I yielded 5% centimes to 7.84 c for cables and 7.53 c for cheeks. Lire were 4% points lower to 4 64c for cables and 4.62 c for checks. Belgian francs declined 4% cen- ; times to 7.65 c for cables and 7.64 c for checks. Guilder cables were 01.95; checks. 31.93 c. Marks were 1.33 c. Sweden kronen cables were 21.25 c; checks. 21.20 c. MOTOR SECURITIES. (By Thomson & McKinnon.) —OpeningBid. Ask. —July 14— Briscoe 10 11 Chalmers com 1 1% Packard com 7% 7% Packard pfd 63 65 Chevrolet 100 400 Peerless 24 26 Cont. Motors com 5 5% Cont. Motors pfd 70 78 Hupp com 11 12 Hupp pfd 85 90 Reo Motor Car 17% 16% . Elgin Motors 4 4% Grant Motors 2 2% Ford of Canada 250 260 Interest Motor com 3 8 Federal Truck i 14 13 Paige Motors 14 16 Republic Truck 13 15 ACTIYE OIL STOCKS. (By Thomson & McKinnon.) —July 14— Opening— Bid. Ask. Anglo-American Oil 16% 17 i Atlantic Lobos 12 13 Borne-Scry mser 340 360 Buckeye Pipe Line 77 79 Chesebrough Mfg. Cons 160 170 Chesebrough Mfg. Cons. pfd. 96 99 | Continental OiL Colorado... 103 106 j Crescent Pipe Line 28 29 ' Cumberland Pipe Line 115 123 Eureka Pipe Line *'• Galena-Signal Oil, rfd., new. 87 90 Galena-Signal Oil, com 90 94 Illinois Pipe Line 150 154 Indiana Pipe Line 75 so National Transit 23 24 New York Transit 132 117 Northern Pipe Line hi 90 Ohio Oil 243 248 Penn.-Mex. 24 24 Prairie Oil and Gas 405 413 Prairie Pipe Line ISO IS3 Solar Refining 330 350 Southern Pipe Line.. 80 S3 South Penn. OH 170 175 Southwest Penn. Pine Lines. 58 62 Standard Oil Cos. or Ind 66% 66% Standard Oil Cos. of Kan.... 530 550 Standard Oil Cos. of Ky 370 3SO Standard Oil Cos. of Neb 150 160 Standard Oil Cos. of N Y 302 307 t Standard Oil Cos. of 0hi0.... 365 3so kSvan t: FincJ 25 33 Pinion Tank Line 90 93 w Aacuum Oil 260 263 Washington Oil 26 30 NEW YORK CURB. (By Themson A McKinnon) —July I*— —Closing— Bid. Ask. Curtis Aero, com 1% 3% Firs. National Copper 1% Goldfield Con 6 8 Havana Tobacco 1 1% Havana Tobacco pfd ,4 6 Central Teresa 1 2 International Petroleum 11% 12% Niplssing 4% 4% Standard Motors' 5 5% Salt Crek 10 10% Tonopah Extension 1 3-16 1 516 United I’. S. new 1% 1% U. S. Light and Heat 1% 1% U. S. Light and Heat pfd... 1% 1% World Film 10 15 Yukon Gold Mine Cos 1 1% Jerome 15 18 New Cornelia 14 15 United Verde 24 26 Omar Oil 1% 15 16 Rep. Tire 35 43 CHICAGO STOCKS. (By Thomson & M.Kianon) —July 13Open. High. Low. Close. Carb. & Carb... 42% 42% 42% 42% Libby 7% 7% 7% 7% Natl. Leather... 6% 6% 6% 6% Sears Roebuck. 64 65 % 63% 65% Stewart Warner 24% 24% 24 24 Swift & Cos 89% 90% 89% 90% NEW YORK METAL MARKET. NEW YORK, July 14.—Copper—Easy : spot, July, August and September, 11*3 11 %c. Lead—Quiet; spot, Julv and August, offered 4.55 c. Spelter—Easy; spot and July, offered 4.25 c; August, offere 1 4.30 c; September, 4 35c. Local Curb Market (By. Newton Todd.) —July 14— Bid. Aak. American Hominy com 14 22 Burdick Tire & Rubier 1% 8% Capital Film Cos % 1% Choate Oil 1 2 Columbia Fire ins. Cos 6% 8% Comet Auto 1% 2% Dnesenberg Motor Car com.. 5% 12 Elgin Motor Car 4 5% Fed. Fin. Cos. com 125 135 Gt. Sou. P. & Ref. unit:.... 5 6 Haynes Motor com 118 Hurst & Cos. com 1% 2% Hurst & Cos. pfa OO 70 Ind. Rural Credits 64 73 ludpls. Securities pfd 4% 3 Majestic Tire A Rubber 10 18 Metro- 5-50 c Stores com 10 15 Metro. 5-50 c Stores pfd 30 40 Robbins Body Orp. Units.. o 00 Stevenaon Gear Uunits 6 7% 0. g. Mort. Ca. Urn its 162 178

N. T. Stock Pricea

—July 13— Prev. High. Low. Close. Close. Allied Cbetn.... 89% 39% 39% 39 Ajax Rubber... 21 20 21 19% Allls-Chalmers . 31% 30% 30% 31% Am. Agrlcul 36% 36% 36% 37% Am. Car & Fdy.124% 124% 124% Am. Can 20 25% 26 20 Am. H AL. com. 10% 10% 10% Am. H.A-L. pfd. 52% 51% 51% 51% Am. Drug 4% 4% 4% 4% Am. Int'l Corp. 34% 34 34% 34 Am. Linseed ... 24% 24% 24% 25 Am. L0c0m0.... 81% 81 81 % 82 Am. Sugar Ref. 67% 65% 67% 66% Am. Sum. Tub.. 52 . 51 51% 52 Am. Tel. & Tel.. 103 102% 103 103 Am. T0bacc0...122 119% 120% 120% Am. W001en.... 69% 68% 68% 69% j Atl. Coast Line.. 84% 84% 84% Anaconda Min.. 38% 37% 57% 37% Atchison 82% S2 82% 82% I Atl. Gulf & W 1.. 24% 23% 24% 23% ! Baldwin L0c0... 75% 74% 75 75 B. & 0 38% 38 38% 38% Beth Steel (B>.. 48% 47% 48% 49% California Pete. 36% 36 36% 3S Can. Pac. Ry ...109% 108% 108% 109% Central Leather. 35% 35% 35% 35 Chandltr Motors 49% 49% 40% 50% C. & 0 54 53% 63% 55 C., M. & St. P.. 20% 26% 20 26% 1 CM&StPpfd.. 40%. 39 39% 40 j CM. & N. W.... 64 64 64 C., R. I. & P... 32 31% 31% 32% Chili Copper.... 10% 10% 10% 10%; Chino Copper 23% 22% 22% •••! Coca Cola 29% 29% 29% ... ,| Colum. Gas 54% 54% 54% 54% i Colum. Graph... 5 5 5 5% 1 Consol. Gas 85% 85% 85% .... | Cosden Oil 28% 27% 28% 27% | Corn Prods 06% 65 66% 65% j Crucible Steel... 36% 53% 65% 60%; Cub. Am. Sugar 13% 13% 13% 13% | Cub. Cane Sug. 8% 7% 8% 7% Dome Mines .... 16% 16% 16% 17 Endicott 60% 60 60% 60% Erl 13% 13 13% 13% Erie Ist pfd.... 19% 19 19 19% Fam. Players... 51% 49 51% 49% Fisk Rub. Cos.. 11% 11% 11% 11% Gen. Asphalt 51 48% 50% 49% Gen. Electric... 125 121% 124% 125% Gen. Motors ... 11% 10% 11% Gt. North, pfd.. 69% 68 68% 69 Houston Oil 54 53 54 54 Invincible Oil.. 11% 10% 10% 10% Int. Harvester.. 75% 72% 74% 73' . Int'l Nickel .... 14% 14 14 13% Inter. Paper 53% 52% 53 53 | Island O. A Tr. 32% 32% K. C. Southern. 26% 25% 25% 25% Kelly-Spring. .. 37% 36% 37% 37% Kenneeott Cop. 19% 19% 19% 19% Lack'wana Steel 39% 39 39 Lehigh Valley.. 51% 60% 50% 51 Loews, Ine 10% 10% 10% 10% L. & N 11l 110 110 Marine com 11% 11% 11% Marine pfd 49% 48% 49 491 Mex. Petrol ...107% 1 99% 1063* 99% Miami Copper.. 20% 20% 20% 20% Mid. States Oil. 11% 10% 10% Midvale Steel... 23% 23% 23% Missouri Pac... 20 19% 19% 19% Misa. Pac. pfd.. 38% 38 38% 38% Nat. En. A Stm. 45 45 45 45% ! Natl. Lead 75% 75% 75% I Nev. Con. Cop.. 11 10% 10% 11 >’. Y. Air Brk.. 50 55 55 N. Y. Central... 69% 69% 69% 70% I New Haven 18 17% 18 17% ; Norfolk A West. 96 96 96 90% North. Pac 73% 71% 71% 73 Okla. P. ARC. 2 1% 1% 1% Pac. Oil 34% 34% 34% 34% Pan-Amer. Pet.. 51 48 50% 48% Penna Rv 34% 34% 31% 34% People s Gas .. 51 51 51 61 Pierce-Arrow. ... 19% 17% IS ls-% Pore Harquette. 20 19% 19% 17% Pittsburgh Coal 55 53 % 53% Pullman P. C.. 96% 90% 96% 97% Pure Oil 20 * 25% 25% 26 j Reading 68% 07% r.S 68% Rep. Iron A 8.. 48 40% 47 4“% Roy. D. of N. Y. 58% 57 58% 56% Sears-Roebuck.. 64% 63% 64% 63% Sinclair 20% 19% 2<>% 20 8.-8. S. AI. ...36 35% 35% 35 Southern Pacific 75% 74% 75% 75% Southern Rv. .. 19% 19% 19'-, 20 St L A S YV Ry 24 24 24 i S. O. N. J. ...135% 135 137 ! St LA S F Com 21% 23% 23% 24% Studebaker 81. 79% 80% 80% Texas Cos 34 33% 34 34 Texas A Pac. . 22% 22% 22% 23% T. Products ... 55% 54% 55% 54% Trans. Oil ..... 7% *% 7% 7's Union Oil 19x4 18 49% 19 Union Pacific .119% 118% 119% 119% United R. S. ... 54% 53% 54% 54 U. Corp... 17% 17% 17% 16% United Fruit Cos 104 103 104 104 United Drug 54% 84% 84% 85% U.S.lndus. A!co.. 50% 49% 50% 49 U. S. Rubber 48% 47% 48% 48 U. S. Steel 74% 73% 74% 74% U. S. Stee.pfd.llO 108% 409 108% Utah Coper 50% 49% 50% 49 Van. Steel 28% 28% 28% 39 Wabash 7% 7% 7% 7% Wab. Ist pfd... 21% 21% 21% 22 White Oil 8% 8% % 8% Western Union. 86% 86% Bf% Westtnghouse E 43 32% 4.3 43% White Motors... 33 32 32 32 Willys Overland 7% 6% 6% 7% NEW YORK LIBERTY BONDS. —July 14— Trev High. Low. Close. Close L. B 3%s ...‘86,58 80.50 56.64 86/56 L. B. Ist 4s 87.14 87.00 1 L. B. 2nd 4s 86.94 8696 L. R. Ist 4%S ... 87.30 87 16 67.22 S7 14j L. B. 2nd 4%s .. 87 10 86.96 87.06 86 92! L. B. 3rd 4%5... 91 16 91 00 91 10 91.0' L. B. 4th 4%5.. 87.22 87.00 87.12 87.06; Victory 3% s 88.3* 98.28 • 96.32 98.281 Victory 4%s 98 36 98.28 98.34 98.30' NEW YORK TURPENTINE. NEW YORK, July 14—Turpentine was firm today, selling at 67%c per gallon. NEW YORK RAW SUGAR. NEW YORK, July 14.—Raw sugar was quiet here today. Oubas sold at 3c per j pound, duty paid, and Porto Ilicos at 1 4.37% per pound, delivered. NEW YORK COFFEE. NEW YORK, July 14—Coffee was steady on the market here today. Rio No. 7 on spot sold at 6%@6%c per pound. NEW YORK HIDES. NEW YORK, July 14—Hides were steady on the market here today, native steer hides selling at 13@14c per pound ; | and branded steer hides at 13(<j13%c. NEW YORK RICE. ! NEW YORK, July 14 —Trade in rice : on the market here today was more active ! than on the market of the previous day. ! Domestic rice sold at 2%@6%c per pound. -■ -- NEW YORK REFINED SUGAR. NEW YORK, July 14. Refined sugar ■was In fair demand here on the market I today, with prices steady. Fine granulated was quoted at 5.2®5.6e per pound. | No. 1 soft sold at the same figures. NEW YORK PETROLEUM. NEW YORK. July 14.—Petroleum was i quiet on the market here today. Penn- ; s.vlvanla crude oil was quoted at [email protected] : a barrel. NEW YORK WOOL. NEW YORK. July 14—Wool was quiet | here today. Domestic fieece. XX Ohio, was quoted at 24<g.39c per pound; domestic pulled, scoured basis, at 18@670 and Texas domestic, scoured basis, at 40@S0c. CHICAGO *r RODUCE. CHICAGO, July 14.—Butter—Receipts, 9,509 cases; creamery extra, 39%c; firsts, Sl(g3B%c; packing stock, 20@22c. Eggs— Receipts, 7,647 cases; current receipts, 27 @2B%c: ordinary firsts, 20®27c; firsts, 28%@29% : extras, 31%c; checks, 20@21c; 1 dirties, 22@23c. Cheese—Twins (new), ilßQlfiVic; Daisies, 16@16%c; I'ouiig Americans, 17%<(j.lSc: Longhorns. 17%@ 18c; Brick, 15<g)15%c. Live poultry— Turkeys, 30c: chickens, 28c; springers, 30 (ff36c; roosters, 17c; geese, 144118 c; ducks. I 2 *' CLEVELAND PRODCCE CLEVELAND. July 14—Butter—Extra, j In tubs, 44%@45c; prints, 45%<g46e; exj tra firsts. 43%(&44c; firsts, 42%rfli4*c secI onds, 34%@35c; fancy dairy, 22%@31%c; packing stocks, 13%@18c. Eggs—Fresh ; gathered, northern extras, 36c; extra firsts, 35c; Ohio firsts, nominal; new cases 32c; old cases, 32c; western firsts. ; new cases. 29. Poultry—Live, heavy fowls, 2T@2Bc: roosters, 15c; broilers, 30 @43c; live spring ducks. 25® 27c. WHOLESALE BEEF PRICEB. The following are today's wholesale prices for tees cuts as sold by Indianapolis markets: Ribs—No. 2. 22c; No. 3.17 c. Leins— No. 2,25 c; No. 3.20 c. 2, 20c; Nr. 3.18 c. No. 3 7c Pistes—No. 2 ■WWgggS**,

SWINE VALUES HOLD FIRM Lower Bids for Cattle—Lambs Lower, Calves Steady. RANGE OF HOG PRICES. Good ■ Good Good July Mixed. Heavy, Light. 7. $9.90 *9.90 *9.90 8. 9.85® 9.90 9.75® 985 10.00 9. 9.90® 10.05 9.90 [email protected] 11. 10.15 ® 10.2 5 10.00®10.10 10.35 12. 10.15®10.25 10.00 ® 10.15 10.35 13. 10.00® 10.15 9.90 10.25 14. 10.00 ® 10.15 9.90 ® 10.00 10.25 Swine prices were steady on the local live stock exchange today, with receipts close to 9,000 and practically all local packers and shippers active. There was a top of $10.30 on a few extra good light hogs, while the bulk of that grade sold at $10.25. Mixed and mediums brough [email protected]. Heavies sold at $9.90 and roughs at $8.25 and down. Pigs sold at the price of the loads. The bulk of sales ranged at $10(310 25. A good clearance for the day was anticipated. The clearance for the day before was better than expected with less than 7(H) swine left over for today's trade. Trade in cattle was slow, due principally to large receipts and poor grades of cattle. Buyers were bidding lower at the opening of the market, but little cattle were bought. The trend -of the market continued poor during the first hour and there was little hopes of a better tone. What few cattle sold during the first hour were fully 25 cents lower and prospects for even lower prices were seen. With 7<X calves on the market and a fair number of orders held by sliippers, prices were steady to strong. There was a top of sll on choice veals and there were quite a number of sales at that figure. The bulk of the choice veals, however, sold at [email protected]. Prices of the market of the previous day were maintained on tie oilier grades. There were close to 600 sheep and lambs on the inar;et today. Sheep '"ere selling at steady prices, while lambs were 50 .cents to $1 lower, due to the poor quality of stuff on the market. Most of the best lambs on the market sold nt SB®S 50, while other grades of lambs sold at [email protected]. Choice lambs of the quality that was on the market the day before would have brought steady prices. HOOS. Best light hogs. 160 to 200 lbs average 200 to 300 lbs 9 90(310 15 Over 300 lbs 9 75® 9.50 Sows 8 00 Stags ’ 6 30® 7.00 Best pigs, under 140 lbs 10 25 Bulk of sales [email protected] CATTLE. Prime cornfed steers. 1,000 lbs. and up 9.25® 8.50 Good to choice steers, 1.200 to 1,90 lbs 7.00® 7.50 Good to choice steers, 1,100 tu 1,200 lbs 6..5<3 7-3 Medium steers, 1.000 to 1,100 lbs 6.50(3 7.00 Common to medium steers. . 800 to 1.000 lbs 6.00 3 6.7> —Heifers and Cows— Good to choice heifers 7.50@ 8.50 Medium heifert, ••• 7.50 Common to medium heifers .. ••oo<B 6.-*) God to choice cows 5 OOftt 000 Fair to medium rows 4 00® 500 Canners 1 —o'® - <*< —Bulls— Good to choice butcher bulls 5 00® 6.00 Bologna bulls jJ.UOit J-!?? Light to common bulls 3.00® 4 u —Calve*— Choice veals 10.00(310.50 Good veals 8.50(0 9.50 Medi .m veals 7.0t6t 8 0(1 Lightweight veals 5.00® 0 00 Common heavyweight veals. . 4.00® 5.50 —Stockers sdU Feeders— Good to choice steers under 800 ls B OO® 600 Medium cows 2.s<t'<{ 3.75 Good cows 2 0044 3.50 Good heifers 5.00® 6 00 Medium to good heifers 4 00® 5.00 Good milkers [email protected] SHEEP AND LAMBS Ewes 2.5 a0 3.00 Lambs. 5 00(0 8.50 Bucks , 150

Other Livestock

CHICAGO, Julv 14—Hogs—Receipts. 31.000; mrket, active and 15@25c higher; bulk. 18755R1© 10; top. $10.29; heavyweight. $0.30®9.85; medium weight, $9.75 (RlO 15; light w eight, slo® 10.25; light light*. $9.90® 10 20; heavy packing sows (smooth!. $.S.5Cd}9; packing sews (rough), sß@s.Sso; pigs. 89.65® 10 19 Cattle—Receipts. 11,000; market, yeuriings steady to strong, others steady to 25c_ lower; beef steers, choice and prime, $fi.75®9.75; medium and good, $8.50®8.75; light we.ght. $0 5(0307.50; good and choice. $8.40®9.2.1; common and medium, [email protected]; butcher cuttle, heifers $9 033/.9 75; cow*. $K?t7 ,0; lulls, $4.80@675; runners and cutters, vows and heifers, canner steers, $2 50(g4.50: veal calves (llkht and handywelght), s9® 11.50; feeder steers, $5.75® 7.50; stocker steers, $3 73®7.25; stocker cows and heifers, [email protected]. Sheep—Receipts, 17/100; market. fat lambs 2->e dawn, sheep steady; lambs (84 lbs dow'nl, sS2s(gll; culls and common, ss®B; yearling wethers. s6® 8.50; ewes. s3(ri • ewei (culls and common), $1®2.50; breeding ewes, $3(&0. CINCINNATI. July 14—Hogs —Receipts, 1,500; market. 25 to 50c biger; nil grades good hogs, $10.50; roughs, $8; stags, $6. Cattle—Receipts, 1.800; market, slow steady; bill's, strong; calves, $lO. Sheep and lambs—Receipts, 4,500; market, steady; ewes, bucks. S3, choice lambs, $11; seconds, $7(57.50; culls, $3 50® 4.50. EAST ST. LOUIS. July 14 —Hogs—Receipts, 5,000; market. 20® 24c higher: mixed and butchers, slo® 10.40; good heavies, $9.50® 10.20; roughs, s7®9 : lights, $10.20(310 35: pigs, $9 50® 10 25 ; bulk of sales, slo.lo® 10.25. Cattle—Receipts, 1.60 O: market, steady: native beef steers, $8(8.9; yearling steers and heifers, $8.50®9; cows, $5®0.75; Stockers and feeders, $4(35.75; calves, $9 50® 10.25; canners and cutters, sl®3. Sheep nnd lambs —Receipts, 2,500: market, steady; mutton ewes, s3®4 ; lambs, $4(519.50; canne s and choppers, sl®2. PITTSBURGH, July 14.—Cattle- Receipts light; market steady u choice, $S ®8.50; good, SB®S2S; fair, $7.50®8; veal calves, $10.50®1U50. Sheep and lambs — Receipts light; market steady £ prime wethers, $5.25® 5.50 ; good, $4.50®5: mixed to fair, $3(84; spring lambs, s6® 11.50. Hogs—Receipts, 20 double decks; market lower: prime heavies, $10; mediums, $10.70®.10.85 ; light yorkers, $10.75® 10.35; pigs, $10.75® 10.85; stags, $5(35.50. CLEVELAND, July 14— Hogs—Receipts, 4,000; market steady and higher; yorkers, $10.60; mixed, $10.60; mediums, $10.60; pits, $10.50; roughs, $7.55; stags, $5.35. Cattle—Receipts, 250; market slow. Sheeji and iambs—Receipts, 1,000; market lower; top, sll. Calves—Receipts, 500; market lower; top, sll. EAST BUFFALO. N. Y„ July 14. Cattle —Receipts, 150; market slow and steady; shipping steers, [email protected]; butcher grades $7®7.50; cows, $2®5.50, Calves— Receipts. 700: market active and steady: bulls to choice, $4.50® 12. Sheep nnd lambs —Receipts. 400; market active and steady; choice lambs. $11.50(312: culls to fair. $6.50®11 ; yearlings. . ) '6.50@9; sheep, sl@6. Hogs—Receipts, 2.400; market active. lower and steady; yorkers and pigs, $10.75; mixed. SlO [email protected]; heavies, $10.50; roughs, $7@S: stags, ss@6. WHOLESALE FEED PRICES. Ton. Cwt. Acme Bran $23.00 $1.20 Acrae Feed 23.00 1.20 Acme Midds 24.00 1 25 Acme Dairy Feed 37.75 1.95 E-Z-Dairy Feed 30.00 1.55 Acme H. & M ♦.. 32.00 1.65 Ceme Stock Feed 20.25 1.35 Cracked Corn 31.00 1.60 Acme Chick Feed 39 50 2.05 Acme Scratch 30 50 1.90 E-Z-Scratch 33.50 1 75 Acme Dry Mash 41.00 2.10 Acme Hog Feed 39.50 2.05 Horn lek Yellow 27.00 1.40 Rolled Barley 36.50 1 00 Alfalfa, No. 1 33.75 1.75 Cottonseed Meal 40.00 2.05 Linseed Oil Meal 42.00 2.15 Acme Chick Mas* 44.60 2.25 FLOUR AND MEAL. E-Z-Bake bakers' flour in 98-lb. cotton bags..... SB.OO Corn Meal In 100-ib. cotton bags.... 1.90

INDIANA DAILY TIMES, THURSDAY, JULY 14,1921.

Local Stock Exchange

—July 14 STOCKS. Bid. Ask. Ind. Ry. & Light com 00 Ind. Ry. A Light pfd 70 Indpls. A Nw. pfd 75 Indpls. A Southwestern pfd. ... 75 Indpls. St. Ry 35 40 T. T. 1. A Light pfd U. T. of Ind. com 1 U. T. of Ind. Ist pfd 7 U. X. of Ind. 2d pfd 2 Adv&nce-Rumely com Advance-Kumely pfd American Centrul Life 235 Am. Creosoting pfd 91 Belt. It. R. com 52 62 Belt R. R. pfd 42 47 Ceutury Bldg. Cos. pf.l 93 ... Citizens Gas Cos 27* 31 Dodge Mfg. Cos. pfd 89% ... Home Brewing 49 65 Indiana Hotel com .. 60 ... Indiana Hotel pfd 93 ... Ind. Nat. Life ins. Cos 8% ... Ind. Title Guaranty C 0...... 59 65 Ind. Pipe Line 73 78 Indpls. Abattoir pfd 40 50 Indpls. Gas 42 50 ludpls. Tel. Cos. com 2 Indpls. Tel. Cos. pfd 90 Mer. Pub, Util, pfd 55 Natl. Motor Car Cos 6 Pub. Sav. Ins. Cos 4% ... Kuub Fertilizer pfd 40 ... Standard Oil of Ind 65 67 Sterling Fire Ins. Cos 7% 9 Van Camp Hdw. pfd 92%' 101 Van Camp h.i.u. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos., pfd 7% Vandalia Coal Cos. com 3% Wabash Ry. com ... Wabash Ry. pfd BONDS. Broad Ripple 5s 50 Citizens st. Ry. 5s 06 74 Ind. Coke A Gas 6s 100 Indian Creek C. A Min. 0s 100 Indpls., Col. A Soulh. 55.... SS Indpls. A Martinsville 5s Indpls. A Northern 5s SS 45 Indpls. A N. W. 5s ••• Indpls., S. A S. E 5s 70 I.ndpls. A S. E. 5s 50 Indpls. St. Ry.4s 55 60 Indpls. T A T. 5s 66 73 Kokomo, M. A W. 5s 74 79 T II , 1 A E. 5s U. T. of Ind. 6s Indpls. Gas 5s 70 78 Ind. Hotel Cos. 2d 0s 93 Indpls. Gas 5s 71 74% Indpls. Light A Heat 55..., 75 79 Indpls Water 4%s 65 75 Indpls. Water 5s 87 91 Mer. H A L. Ref. Os 89 95 New Tel. Ist tis 94 ... New Tel., Long Distance, 6s. 93% ... Southern Ind. Power 6s 100

Weather

The following fable shows the state of the weather in other cities at 7 a m.. July 14, as observed by United States Weather Bureaus: Station Bar. Temp. Weather. Indianapolis, Ind. . 29.90 17 Clear Atlanta, Ga 30.04 68 Cloudy Amarillo, Tex .... 30.00 68 Clear Bismarck. N. I). ... 30.18 64 Clear Boston. Mass 29.92 78 Cloudy Chicago, 111 2984 S2 Clear Cincinnati, 0 29.92 78 Cloudy Cleveland, 0 29.90 74 Clear Denver, Colo 30 04 70 Cloudy Dodge Cltv Kns . 29 96 72 Clear Helena, Mont. .... 30.04 58 Clear Jacksonville. Fla. . 30.06 78 PtCldy Kansas City. Mo. . 29 94 72 Rain Louisville. Ky 29 94 76 Cloudy Little Rock Ark. .. 29.76 76 Clear Los Angeles, Cal. . 29 94 64 Cloudy Mobile, Ala 3 .00 76 Cloudy New Orleans, La . 29.9> 80 Clear > *,v York, N. Y. . 3 >.OO 76 Cloudy Norfolk. Va 30.00 78 Cloudy Oklahoma City ... 29 94 76 Clear Omaha, Neb. 29.90 72 Cloudy Philadelphia. Pa. .. 30<>2 78 PtCldy Pittsburgh. Pa. ... 29 94 76 Clear Portland. Ore 30.14 56 Cloudy Rapid Cltv, ,S. D.. 3>.14 6d Cloudy ltoseburg, ore :> 14 54 Cloudy San Antonio, Tex. 30 02 76 Clear San Francis o. Cal. 29 94 52 PtCldy St. Louis, Mo. ... 29 90 82 Clear St Paul, Minn. .. 29 iM 70 Cloudy Tampa Fla 30.06 80 Cloudy Washington, D. C. .30 09 73 Cloudy WEATHER CONDITIONS. Since Wednesday morning shower* and thunderstorm* have occurred in the southeastern Stwtes and tn the lower and upper Missouri valleys, and at a few scattered points In the west. Elsewhere generally fair weather ha* continued, with high temperatures In all session# east of the Rockies, although It I* a little cooler this morning between the Missouri and upper Mississippi rivers due to a field of high pressure that has crossed the northern Rockies. ,1. A. ARMINGTON, Meteorologist, Weather Bureau. CORN AND WHEAT BULLETIN, For the twenty-four h >urs ending nt T a tn . 00th meridian time, Thursday, July 14, 1921: Temper- j ature. ti „ Stntlons of ~ '5 =5 _ Indianapolis ■? “ _ o District. a,c !* £ i = vi-a t = i) * |*£ -r 5 J 5 L* 22 e. -2 25 A.— Oclxa Southßend...... 94 73 0 Good ' Angn'a '95 69 0 Good Ft. Wayne ' 90 79 0 | IV heat field '9,8 09 i 0 Good Royal Center 194 70 j 0 I Good Marion '97 65 0 Good Lafayette j 96 72 I/ 6 'Good Knrmland 93 69 0 : Good Indianapolis ....I 92 75 ; 0 i Good Cambridge City..; 91 07 1 0 Good Terre Haute iO4 74 1 0 Good Bloomington ... j 99 (S7 j* 0 Good Columbus 94 ;67 j 0 ! Rough Vincennes 'DO 71 0 J Good Paoll :93 07 0 ; Good Evansville 94 70 j 0 .1 H ARMINGTON, Meteorologist, Weather Bureau. In the Cotton Market j NEW YORK, July 14.—Trade was small at the opening of the cotton market this morning, first prices being 3 points higher to 1 point lower. The market was chiefly influenced by shattered buying. The South was the principal seller. After the start, the list was 6 points off from the top, but still about 3 points above the previous close. New York opening cotton. July, 12.44 c; October, 13.14 c; December, 13.55 c; January, 13.50 c; March, 13 75c. The market turned weak during the afternoon. The close was fairly steady at a net decline of 20 and 31 points.

LIVERPOOL, July 14.—There was a good demand for spot cotton at the opening of the market this morning. Prices were steady and sales close to 10,000 bales. American middlings fair, 10.84d; good middlings, 9.14d; full middlings, 8 74d; middlings, 8.24d; low middlings, 7.34d; good ordvinry, 3.19d ; ordinary, 0.44d. Futures opened quiet. COTTON FUTURES. —July 14— , Open. High. Low. Close. January 13.50 13.58 13.28 13.21) March 13.75 13.71 13.51 13.52 May 13.80 13 90 13.58 13.58 July 12.44 12.50 12.17 12.18 October 13.14 13.22 12.82 12.85 December 13.55 13.00 13.20 13.28 INDIAN AFOI.IS PRODUCE. Eggs—i' l'esh, loss off, 25®26c. Poultry— Fowls, 19® 23c; springers, 25@33c; cocks, 9@loc; old tom turkeys 25c; young hen turkeys, 30c; coll, thin turkeys not wadted; young tom turkeys, 22@30c; ducks under 4 lbs, 15@16c spring ducks, 20c: geese. 10 lbs and up, 11c; squabs, 11 lbs to dozen, $5; guineas, 9-lb size, per doz, $2. Butter—Buyers are paying 37@38c per lb for creamery butter, delivered in Indinnnoplis. Butterfat—Buyers are paying 33e per lb for butterfat delivered in Indianapolis. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load: Kay —Loose timothy, old, $18@20; mixed hay, new, $15@17; baled, slS@l9. Oats—Bushel, nW, 35@38c. Corn—New. p*r bushel.

WHEAT PRICES STILL CLIMB Corn Loses Slightly, Due to Rain in Corn Belt. CHICAGO, July 14.—Wheat prices continued their upward trend on the Board of Trade here today, due to reports of injury to the crop of the Northwest by hot weather. Corn dropped slight as a result of rain In some sections of the corn belt. Losses in corn were offset by the Influence of the wheat market. Wheat was bought freely, while the demand for corn was light. Most of tn* buying was by local commission houses. Provisions were Irregular July wheat opened up %c at $1.29 and closed up 3%c. September wheat opened off %c at $1.27% adn closed up 4%c. July corn opened off %c at 641 c and closed off %e. September corn opened off %c at $1.27% and closed up 4%c. Juiy corn opened off %c at 64%e and closed up %c. September oats opened off %c at 40%e and closed up %c. (By Thomson & McKinnon) —July 14Wheat—Cooler weather and possibility of thundershowers over the West prompted further realizing in wheat, also some seiliug in anticipation of a little reaction. The offerings were absorbed on the decline by houses identified with the export business and by leading cash handlers. The market gained renewed strength at the last under a continuation of unfavorable news from the Northwest. It now seems to be commonly accepted that irreparable damage has already beou done and there is possibility of further damage by rust. It is claimed that the foreign demand Is unwilling to follow the advance in prices, nevertheless there is sufficient business doing, either old or new, to advance premiums on gulf shipments 1 cent per bushel. Flour trade is not brisk, millers and jobbers apparently not yet convinced of the conditions northwest. There Is every reason to believe that foreign demand for our surplus will equal that of last year. We wish to emphasize the fact that the most re table and oldest people in the grain trade in the Northwest are very strongly impressed with the unfortunate outlook for spring wheat. We see no reason to anticipate any pronounced weakness at any time, if judgment can be formed from supply and demand conditions for the future. Corn and Oats—Considerable rains over a portion of the corn belt, also advices of beneficial rains in England and Argentina prompted general selling of corn. This market does not have the underlying strength that evists In wheat, but at the same time the prospective world's scarcity of wheat will certainly increase the demand for corn and affect the market sympathetically. Important damage hns already been done in oats, which will be disclosed by the thrashing returns. We deem it unwise to sell corn and believe that oats are a conservative purchase. Provisions—There has been no Important demand in the provision list, what little there war being supplied by packing interests. A much better for*-ign trade in lard is expected if the exchange market corrects itself.

CHICAGO GRAIN. —July 14— WHEAT— Open. High. Low. Close. July 1.29 133 1.27% 1.32% Sept 1.27% 1.30% 1.26% 1.30% CORN July 04% 64% 63 64 Sept 62% 62% 61 62 OATS— July 88% 38% 37% 88% Sept 40% 41% 39% 40% FORK—•JuIy 18.30 •Sept - 18.50 LARD— July 11 32 11 42 11.32 11.42 Sept 11.62 11.65 11.50 11.62 K 1 H>... •July 10.87 •Sept 11.00 It V K July 1.25% 1.31 1.25% 1.31 Sept.. .. 1.13% 1.17% 1.13 1.17% •Nominal. CHICAGO CASH CRAIN. CHICAGO. July 14.—Wheat—No. 2 red. $1270128; No. 3 red. $1250125%; No 2 hard winter, $1 28%(g1.30: No. 3 hard "inter. $1.28. Corn No 2 mixed, 2m 62%c: No. I white No. 1 yen low, 02%<at3%c; No. 3 mixed, file; No. 2 white, 6-%ifit-V ; No. 2 yellow, 62\(g, 63%e; No. 6 mind, 67&58e. Oats -No. 2 white, 3,8(039c; No. 3 white, 354i37; No. 4 white, 30%c. TOLEDO CASH GRAIN. TOLEDO, July 14.—Wheat-Cash $134; July, $1.34%; September, $1.36; December, $1.41. Corn —Cash, No. 3 yellow, 66 ((tO'c. Oats—Cash No. 2 white, 424j43c. Rye—No. 2 rash. $1.34. Barley No. 2 cash, 65c. Cloveraeed—Cash (1920), sl3; October, sl2; December, $11.75; February, $11%) Timothy - (1920), cash, $2.90; September, $3.1.' ? October, $3 05; December. $3.10. Aialke— —August, $10.35; October, $10,50. XNDNTANAFOI.IS C ASH GRAIN.' —July 14 - Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat- Firm; No. 2 red, $129(?il 30 Corn—Easier; No 2 white, 65(0 6<> : No. 3 white, 64(065c; No. 2 yellow, tVKafiV; No, 3 yellow, 83(ri'(Uc: No. 2 mixed. 64(q 65c; No 3 mixed. 63(264c. Oats—Steady; No. 2 white, %c ; No 3 white, 39%@40c. Hay—Steady ;No. 1 timothy, fIS.SfKiJIO; No 2 timothy, slS(i|lS.sO, No. 1 light clover mixed, sl7 50(618; No. 1 clover hay, $16(017. —lnspections Wheat—No. 1 red, l enr; No. 2 red. 2S cars; No. 3 red, 37 cars; No. 4 red, 7 cars; total, 73 cars Corn —No. 2 white, 6 cars; No. 6 white. 1 car; sample white, 1 car; No. 2 yellow. 3 cars; sample mixed, 1 car; total, 12 cars Oats—No. 1 white, 1 car; No. 2 white, 4 cars; total. 5 cars. Rye—No. 2, 7 cars. Hay—No. 2 timothy, 1 car WAGON WHEAT PRICES. Indianapolis flour mills auu "levators today are paying sl.lO for No. 1 red winter wheat; SI.OB for No. u rod winter, and accordtug to test foi No. 3 red winter. On Commission Row TOD AY"B TRICES. Apricots—Fancy, crt., $2. Banana? Extra fancy high grade fruit, 50(g60c per bunch ; per lb. 8c Beans—Michigan navy. In bags, per lb., Colorado I’intos, In bags, per lb., 7%'580; California limas, in bags, per, lh., <%@Bc; red kidneys, In bags, per lb., U(gl2c; California pink chill, iu bags, per lb, 7%@Bc. Beaus—Fancy green, per bu, $2. Blackberries —Fancy, per 24-pt. crt., $2.75; per 24 qt crate, $5 Cabbage—Fancy new, per barrel, $4; less than crate, per lb., 6c. Cantaloupes—Fancy California, stda, per crate, $4.50; fancy California Ponyj, per crt, $3.00f fancy California honey dews, per crt, $3; fancy California casabos, per crt, $3. Carrots—Fancy, homegrown, per doz. bunches, 25c. Cauliflower —Fancy, home grown, per bu., $3.50. Celery—Fancy, Miehlgnn, high ball, per crt. $2. Corn—Fancy homegrown, per doz, 30c. Cucumbers—Fancy homegrown, per doz, $1.75. Green Onions —Home grown, doz., 15c; large bchs, doz., 40c Kule—Fancy, Home grown nee bbl., $2. Lemons —Extra fancy California, 300s to 300s, sls. Lettuce —Fancy leaf, per lb. 20c; fancy California Icebergs, per. crt, $6. New l’otatoes— Fancy Virginia Red oer bbl. $5 25. Onions—Fancy H. G. yellow, per 100 lbs, $3; fancy 11. G. white, per 100 lbs, $3.50. Oranges—California, all grades, per box, ss<@o. Reaches—Fancy Georgia Bells, per bu, $3.50; fancy Elbertas, per bu, $3.50. Peas—Fancy home grown, bu.. $3.50 Pieplant—Outdoor, per doz., 35c. •Plums—Fancy, crt. $2.00. Radishes—Long reu pe- doz., 25c; >Ut* ton, home grown, per doz., 25c. Spinach—Fancy, per bbl, $3.50; per bu, $2.00. MAR RISK BUREAU CLERK. Examination for the position of minor clerk in the Bureau of War Risk Insurance at Indianapolis will be held Aug. 6, according to an announcement made today by Henry M. Tritnpe, secretary of the civil service board, 423 Federal bnllding. The position pays a salary of S7O a month.

AIR SUPREMACY NOT CONCEDED Fleet Officers Refuse to Grant Plane Is More Powerful Than Battleship. WITH THE ATLANTIC FLEET, July 14.—N0 matter what the outcome of aerial bombing operations against naval vessels now under wav, these tests will never convince the officers of the Atlantic that the battleship and fighting vessel is to be displaced by air forces. Although many of the officers admit that they have been forchd to recognize that the aerial fighters have acquired an admirable amount of skill, still they refuse to agree that air forces are yet a serious menace to fighting sea ships. The first argument that every naval officer gives to the claim of the aerial proponents is that naval warfare has been the result of years of progress, and in all of these years there has been but one weapon which has been discarded and that is the ram. It Is pointed out that for every advance in methods of attacks upon naval craft there has been developed anew defense. WARFARE ONLY TEST OF STRENGTH. Warfare is but a cycle of development, the Atlantic fleet officers point out. When the cycle is completed warfare becomes only a test of strength, and they believe that in the final analysis, no matter how great the development of the airplane, It will be but a test of strength. Getting down to specific 'argument against the airplane and its bombing ittacks, the officers of the fleet point cut that thus far it has not been proven that there Is any successful armor-plerc-lng aerial bomb. Until this comes the "battle-wagon” is safe, they say, for wbeu a battleship goes into action her vulnerable parts are tinder protection of a heavy coat of armor. Even though her superstructure and her deck work and her deck defenses may be completely blown away, she will remain a fighting craft, unless her armor is penetrated and the vitals of the vessel destroyed. OPPONENTS OF FLEET ARE MENACE. During the war the men of the Navy had no fears of aircraft, they say. They declare that the great British fleet, which kept the German naval force bottled up, lay at anchor during the greater part of the war within easy striking distance of German aerial bases, yet there is no re"crd of any successful or extensive air attack upon the Grand fleet. Have the developments In aerial warfare come so quick and fast during the last three years that themerlal proponents are able to substantlatetheir claims that the battleship is now obsolete? the officers of the fleet inquire. Turning directly to the bombing tests ichich are now in progress, the fleet officers state that it will be lmpossitde to judge conclusively what the strength of the air raiders is. for there has been no defense. There have been no attacking air parties and there has been no antiaircraft defense. It is impossible, they say, to estimate the ability ,us the defenses of the fleet until It has beeu actually demonstrated. The officers of the Navy are willing to agree that alrcruft is of great value to them. They use naval aircraft In their target practice continually. They feel that there should be generous apprupriailons for aircraft as a major defense, bnt they refuse to consider seriously any proposals that naval developments be wlthneid while the nation spends Its money for aircraft development. "Ae men of t&e fleet feel that those who would injure the defenses of the nation are a menace, and they arc inclined privately to consider tn this class those who urge the abolition of the battleship tn favor of the airplane.

MASTERPIECES WITH SOAP CAKE Small Boy Sees Sculptor Work, Copies Him. ST. LOUTS, Mo , July 14 —Through efforts of a group of local school children to obtain sufficient funds with which to erect n statue In memory of Bt. Louis' war dead, the artistry of sculpturing ha* been brought out In Roy Joseph Paul, who has amazed his parent with an unusual talent for carving statuttes from large cakes of soap. The •youngster's ability as a sculptor seem* to have been extemporaneous. After watching the work of Mrs. Caroline Risque .Tanls, a designer, while carring stntuettes the lad went to his home, went Into solitude and emerged two hours later with a row of remarkably well-finished statuettes. The slender, brown-eyed boy Is a dancer, singer and elocutionist. In these lines he has for several months attracted considerable attention In St. Louis schools. Coincident with his new-found ability to carve things, Roy announces that his fitter also is an “artist.” HU male parent Is a barber. So interested are St. Louis artists in the fqture of the "boy sculptor” that Mrs. JanU has taken him Under her tutelage and will instruct him throughout the summer. "Fame comes quickly,” Roy declares. "I've already made the movies. A news weekly man came ont here and snapped me carving statuettes from soap.” Park Board to Ask for Loan of $85,000 An ordinance authorizing a temporary loan of $85,000 to run the city park department from late In August until the end of the year, was ordered prepared for submission to the city council Monday evening by the board of park commissioners today. Retirement of a $60,000 temporary loan made last year and loss of the $30,000 franchise tax which the Indianapolis Street Railway Company has failed to pay, necessitates the loan, James H. Lowry, superintendent of parks, said. Says County Cannot Remove Road Men Under an opinion rendered by Attorney General U. S. Lesh, the State road Inspectors for Marlon County highways, who are appointed by the State highway commission, cannot be removed by the Marlon County commissioners. President Carlin Shank of the commissioners said that the commissioners had sought to have removed the inspectors from the Allisonvllle Road and the Shelbyville road. Mr. Shank stated that the reason for seeking the removal of the State inspectors was ‘‘economical.” Japan May Declare Martial Law at Kobe KOBE. Japan, July 14. Martial law is considered as a possibility here following the seizure of the Kawasaki dock yards by the workers. The workers drov e out the foreman of the plant yesterday and turned it over to a workman's executive committee. CCJAL COMPANY BANKRUPT. A petition asking that a receiver' be appointed for the J. R. Morris Coal Company was filed in Superior Court. Room 3. today. Earl Sigmon and Charles Sigmon, doing business under the firm name i of the Sigmon Coal Company, asked that the receiver be appointed. It is stated In the suit that the Indebtedness of the defendant company la mere thaeßSad.OOO.

INDIAN FIELD BECOMES PARK Canada to Honor Patriarch of Red Skin. TORONTO, Ont., July 14.—What boy of Canada or the United States has not thrilled to the exploits of Tecumseh ? The conspiracy of the great chief of the Shawnees to unite the Indian tribes into one vast confederation for a last desperate stand against the whites, a plan smashed by Harrison's victory at Tippecanoe, is one of the most absorbing chapters of early American chronicles. The field where Tecumseh fought his last fight and where he sleeps his last sleep is soon to be transformed into a park. It is In Southern Ontario, near Moraviantown, on Thames River. The fight Is known in Canadian annals as the battle of Monraviantown, and tn American as the battle of the Thames. Every day trains whizz over it on the Grand Trunk Railway, and autoists traverse it by the Longwoods road, but few know that the farmlands that now divide it are classic ground, over which the Americans waged a hard-fought battle against the British and their Indian allies In the War of 1812. The Tecumseh Memorial Association of (Moraviantown hns recently taken steps to cooperate with the Ontario Government in coverting the battlefield into a highways park. Tecumseh, according to tradition, was killed in the battle by a shot from the pistol of Colonel Richard M. Johnson, of Kentucky, later Vice President of the United States. He was burled on the field, but the exact location of his grave la unknown. “After the battle,” said Chief Tobias, of the Moraviantown Indian Reserve recently, “the Indians retreated three days up the Thames. Then they sent three warriors back to bury Tecumseh. One of these, a Delaware named Snake, was left to guard the canoe, while the other two, who were of Tecumseh s own tribe, located the chief's body and buried it. The two Shawnees told Snake where the grave was dug. and the three Indians took an oath never to reveal the spot. This was to prevent possibility of desecration. “The Shawnees went back to Ohio, where they rejoined the Prophet, Tecumseh's brother, and with him were transferred by the American Government west of the Mississippi. They never revisited the battlefield. Snake lived to old age on the reserve at Moraviantown. Until his death he kept faithful bnt clandestine watch over the grave. When the Grand Trunk Railway was built through the battlefield he was afraid It would pass over the burial place. But this did not happen, and Tecumseh still sleeps in the secret grave where his warriors laid him to rest more than a hundred years ago.”

RESERVE BOARD AIDS BUSINESS Banks Warned That American Enterprises Come First. WASHINGTON, July 14.—A boom to business will be hastened by a decision of Federal Reserve banks to cut rediscount rates. Officials are firm in this opinion. Money will be more readily available to borrowers at easier rates. The Federal Reserve Board has reports from all districts showing urgent demand for new funds. A great amount of domestic development work, requiring, new capital. Is reported to Governor Harding. With easier money market conditions Government fiscal authorities in communications to bankers have stressed the necessity of giving priority to American enterprises. The Federal Reserve Board has scented danger in the ten- [ dency of some banking quarters to give heed to the demands of foreign enterprises. From reports to the board, officials learn that many foreign concerns have , shaped their affairs with a view to obtaining their financial support from American bankers. Member banks of the Federal Reserve system have been cautioned that this foreign demand creates a s tuation which may be fraught with danger to American Industrial and agricultural interests, unless bankers carefully conserve surplus resources for the benefit of American concerns. The attitude of Government fiscal officers, made plain In latest bulletins to bankers, reflects a purpose to look out for “ America first,” and to avoid highly speculative ventures, involving the tielng up of American credit that should be employed In so-called essential industries at home. Greater financial strength of the reserve banking system, officials said, reflects to a notable degree the manner in which liquidation has proceeded since Inflation was at Its peak less than a year ago. Officials believe liquidation hns reached near the normal point in many lines of business.

Freight Rates Too High, Committee Says WASHINGTON. July 14—An official conclusion "that freight rates must be reduced in the near future” has been reached by the Joint Senate and House committee investigating agriculture conditions, Chairman Anderson, Minnesota, said today. Anderson declared that the inquiry already had developed that the most pressing need of agricultural districts was lower freight rates. He also promised that the committee would make an Inquiry Into what effect policies of the Federal reserve board have had on the farming sections. Booze at Wheel Costs Driver SSO Harry Weaver, 1315 Brookside avenue, arrested July 3, with Clinton Cole, 1315 Brookside avenue, following an accident at Brookside avenue nnd East Tenth street, today was fined SSO and costs on a charge of operating his automobile while uiyler the Influence of liquor. A charge of assault and battery was continued Indefinitely and a charge of resisting arrest was dismissed by Judge Walter Tritchard in city court. Cole was fined $1 and costs on a charge of drunkenness. Road Conference A conference was In progress this afternoon between County Auditor Leo K. Fesler and officials of the Hoosler Motor Club and the taxpayers of Washington Township relative to the building of the Rlnne roni*. which Is the proposed canal bank road. Mr. Fesler contends the road should not be built until new bids are advertised and anew contract let. So far the auditor has refused to sign bonds to pay for the improvement, of the road until the expenses Involved are understood as well as the legal questions. CAPITAL KAIvSED TO 8500.060. Capital stock of the Merit Savings and Loan Company, Indianapolis, has been increased from $200,000 to $500,000. according to papers filed today with the secretary of State. Officers of the company are A. Henschen, president, and O. R. Wald, secretary.

'and LIBERTY Bdms NEWTON SELL (MS LEMCKE BUHL TODD

3 CHILDREN BURN TO DEATH Chicago Parents Unable to Reach Offspring When Fire H Breaks Out in Home. CHICAGO, July 14.—Three children ‘ were burned to death here early today, when the home of William Ipesa was destroyed by fire. Frantic efforts by Ipesa and his wife to reach the children who were asleep when the fire broke out, were futile. The children were Grace, 10; Florence, 9, and Frank, 6. The tire is believed to have started from an oil stove which had been left burning in the kitchen. HOUSEWIVES TO PROTEST RAISE League Discusses Telephone and Ice Questions. A resolution protesting against the proposed increase in telephone rates was passed by the Housewives League at the meeting held yesterday in the womens parlors of the Fletcher American Bank building. Action was taken following a heated discussion concerning the telephone question. The ice situation was also discussed, and it was reported by some of the> north side members that a number of Ice Jobbers In their neighborhood who buy of the local ice manufacturers and sell 'from house to house, hare been unable to obtain Ice for their customers because so much Ice Is being shipped out of the city. The next league meeting Is to be held Aug. 10, at the bank. Mrs. IV. H. Hart, president of the league, presided. Judge Charged With Bribery in Oil Fight SAPULPA, Okla., July 14.—Judge Lnden B. Wright was arrested here today on charges of bribery as a rfsult of a legal fight for possession of the Tommy Atkins Oil lands. Wright and his attorneys denied the charges. The Judge was released on SIO,OOO bond. Caught With ‘Mule;’ Fined; Given Jail Term George Arche. 29 South West street, arrested last night by Patrolman William. Mcßurney on a charge of operating a blind tiger, was fined SSO and costs and sentenced to ten days in jail by Judge Walter Pritchard in city court today. Arche was seen at the canal and Blackford street carrying a suspicious-looking sack under his arm. The officer started after him and he ran. When Arche was overtaken it was found the sack conlained a one-gallon jug full of "whit* mule” whisky. Arche said he had Just bought the liquor from a man and paid sls for It. ASKS $25,000 IN' DAMAGES. Damages of $25,000 today were asked In a suit filed In Superior Court, Room 1, by George W. Hance, a grocer on South Ritter avenue against The William H. Block Company and Charles Carroll, s driver of a delivery wagon for Block’s. Hance claims that he was seriously Injured when a truck of the Block company struck him on April 30, 1921. Marriage Licenses Peter Zimmer. 156 W. Twenty-third.. 88 Helen De Moss. 2319 X. Meridian st... 23 Henry Edsell, Los Angeles, Cal 61 Emma Keller, Los Angeles, Cal 56 Elva Wells, 1458 Central ave 29 Charlotte Daniel, Broad Ripple 27 Clarence Welsh. Chicago, 111 27 Leone Sandt, 2537 Central ave 27 Okla Sicks, French Lick, Ind 2S Norma Sutton, 2955 Indianapolis ave.. 25 Joseph Hayes. 40S Thirtieth at 27 Ruth Toye, 2201 Bellefontaine st 30 George Kramer, 2240 Union st 22 Florence Robinson, 136 Union st 21 Herman Salge. 1228 N. Jefferson st 23 Gertrude Ealge, 1223 X. Jefferson st.. 25 Stanley Meyers, 526% E .Washington 28 Ruth Mulvaney, 115$ W. Thirty-fourth 18 Ed. Muman. Ft. BenJ. Harrison 21 Rebecca Harden. R. R. P u Leslie Brlttenback. 341 N. Gladstone.. 25 Helen Chadwicks, 520 E. New York.... 20 Paul Miller, Amboy, Ind 29 Helen Wilson, 4152 Ruckle st 23 Oliver Cushman, 923 Eastern ave 25 Julia Clark, 923 Eastern ave 24

Births James and Inez Bride, 23 East McCarty, boy. * Paul and Jeannette Hutzler, 413 Minerva, girl. William and Cora Allen, 1826 Thalman. boy. t Warner and Edna Tromblev, 108 N. Riley, girl. Frank and Freda Webber, 2454 S. Meridian, boy. Thomas and Helena Beall, 2640 Northwestern. girl. Edmund and Bessie Cody, 501% Agnes, boy. i Stephen and Nina Shockency, 1244 Livingston, boy. Edward and Odele Hlrschman, Method-1 Ist hospital, boy. ( Henry and Margaret Rose, Deaconess, hospital, girl. William and Lucretla Scott 300 S. Arlington, girl. , clarence and Florence Aiken, St Vincent's hospital, girl. Paul and Mary Mansfield, St. Vincent’s hospital, boy. William and Fay Zlmmermann, 1413 Charles, girl. • t Charles and Ina Ebert, Long hospital. Kiri. * | Charles and Jennetta Tharp, 1243 Naomi girl. William and Helen Martin, 1912 RaR- 1 ton, girl. Francis and Marie Cooley, 1433 East Market boy. Deaths Martha Knox. 62, 533 N. Emerson, chronic Interstitial nephritis. Mary Martha Carlin, 1, 2117 Parker, asphyxiation. Sarah Francis Floyd, 63. 401 S. Harding, pulmonary tuberculosis. Robert Gordon, 86, 24 Eastern, chronlo myocarditis. .Tames Victor Fortune, 3 months, 1915 E Maryland, lnnnition. Vera Louise laiughmlller, 7 months, 1204 Hoefgen, acute eiitero colitis.

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