Indianapolis Times, Volume 34, Number 60, Indianapolis, Marion County, 21 July 1921 — Page 10

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STOCK MARKET CLOSES STEADY Many Leading Issues Move Up in Last Hour. ■ N'EW YORK. July 21.—The stock market closed steady today. The market showed a steady tone In the last hour, most of the lendi;,g Issues moving up 1 point from the low levels. United State* Steel rallied % to 72% and Republic rose to 45%. Mexican Petroleum moved up 2 points to 102% and Pan-American recovered over 1 point to 48. Studebaker rallied from 77*4 to ami Famous Players advanced 1% to 16. There was a good demand for the railroad stocks. Sonthern Pacific advancing over 1 point to 77 and Canadian Pacific rose from 100% to 110%. Government bonds were unchanged; railway and other bonds irregular. Total sales stocks, 291,200 shares; bonds, $11,855,000. . (By Thomson & McKinnon. ) —July 21— At this particular time when the public are watching the market closely for some encouragement It was unusually unfortunate to have a great conflagration In the Mexican oil district as it created some uneasiness and was no doubt the cause for some liquidation this morning and while not extensive, was sufficient to make its impression on values. And because of this favorable developments did not receive the consideration that otherwise would be accorded to such a desirable announcement as the further reduction In rediscount rates. This action has a double significance. Not only does it mean an assurance that loans have been liquidated to a basis of safety but the lower rate means an invitation to business to borrow and construct and that Is what we need at this time. Construction, expansion, preparation to meet the world demand for our products—that will surely be fe't on an Increasing scale with each passing moDth. All that is needed now is the assurance of a favorable revision of taxation. This In itself will be the greatest Etimiilant to business. And as the outlook Is for favorable legislation, we are Inclined to look upou the market with favor and would buy on the reactions. TWENTY STOCKS AVERAGE. NEW YORK. July 21.—Twenty industrial stocks Wednesday averaged 68.21, off .03 per cent. Twenty active rails averaged 71.59, up .14 per cent. NEW YORK CLEARING HOCBE. NEW YORK, July 21.—Clearing house statement: Exchanges, $64’..500.000; balance. $71,900,000; Federal Reserve Bank credit balance. $45,500,000.

Money and Exchange

Indianapolis bank clearings Thursday were $2,419,000. against $2., ,8.000 Thursday a week ago. NEW YORK. July 21.-Foreign exchange opened weak. D-mand Sterling %e lower at $3.55. Francs yielded 3% centimes to 7.72 c cables and 7.71 c checks. Lire declined 3 pidnts to 4.47 c cables and 4 46c checks. Belgian cables, 7.52 c; j checks, 7.51 c. Guilder cables. 3148 c; j checks. 31.46 c. Sweden kronen cables, 20.65 c; checks, 20.60 c. Marks. 1.29%c. NEW YORK CALL MONEY. NEW YORK. July 21.—Money—Call money ruled 5% per cent; high, 5% per cent; low, 5% per cent. Time rates, ' steady. Prime mercantile paper, steady. Sterling exchange was steady with bus’i- 1 ness in bankers’ bills at $3 5S for de- 1 mand. MOTOR SECURITIES, (By Thomson & McKinnon.) —July 21— -OpeningBid. Ask. Briscoe 9% 10% Chalmers com 1 1% Packard com 7 71^ Packard pfd 61 gr, Chevrolet 100 41) Peerless 24 20 Continental Motors em 5% 6 Continental Motors pfd 70 80 Hnpp com 11 12 Hurp pfd 85 90 Eeo Motor Car 17% 18 Elgin Motors 3% 4% Grant Motors 2 2% Ford of Canada 26 267 National Motors f, k Federal Truck 16 IS I’aige Motors 14% 16 Republic Truck 13 14 active oil stocks. (By Thomson & McKinnon.) ■ —OpeningBid. Ask. Anglo-American Oil 14% 35% Atlantic Refining Lobos 12% 13% Borne-Sorymser 340 " 300 * Buckeye Pipe Line 78 80 Chesebrougli Mfg. Cora 160 380 Continental Oil. Colorado lit! 31*; Crescent Pipe Line 26 28 Cumberland Pipe Line 115 320 Eureka Pipe Line 78 81 Galena-Signal Oil, Pref. new 87 90 Galena Signal Oil. Com 31 $3 Illinois Pipe Line 150 154 Indiana Pipe Line 74 78 National Transit 23 24 New York Transit 135 140 Northern Pipe Line 87 9) Ohio Oil 238 343 l’enn.-Mex 19 20 Prairie Oil and Gas 407 415 kj'rairle Pipe Line 180 ]s3 ?b>lar Refining 350 350 sXurhern Pipe Line , 79 81 South Penn Oil 365 168 Southwest Penn Pipe Lines.. 58 82 Standard OH Cos. of Ind. ... 61% 67% Standard Oil Cos. of Kan 5.30 550 Standard Oil Cos. of Ky 370 380 Standard Oil Cos. of N-h 150 160 Standard Oil Cos. of N. Y... 302 JKft Standard Oil Cos. of tfftio ...360 389 Swan & Finch 30 35 Union Tank Line 85 85 Vacuum Oil 257 265 Washington Oil 25 30 NEW YORK CURB. (By Thomson A McKinnon) —July 21— —Closing— Bid Ask. Curtis Aero c0m....; 1% 3 Curtis Aero pfd 10 15 Texas Chief 8 12 First National Copper 75 85 Goldfield Con 6 8 Havana Tobacco 1 1% Havana Tobacco pfd 4 6 Central Teresa 1 3 Jumbo Extension 4 6 International Petroleum 11 11% Nlpissing 4% 4% Standard Motors 5 6 Salt Creek 10 10% Tonopah Extension 1% 1% Tonopah Mining 1% 1% T'nlted P S new It. 1% I'. 8. Light and Heat 1% 1% T'. 8. Light and Heat pfd.... 1% 134 World Film 9 12 Yukon Gold Mine Cos 1 1% Jerome 15 20 New Cornelia 14 16 United Verde 22 24 Sequoyah IS 24 Omar Oil 1% 1% Republic Tire 30 40 CHICAGO STOCKS. (By Thomson & McKinnon.) —July 21— Open. High. Low. Close. Ar. Leather 12% Carbl. Sc Carbo. 42% 42% 42% 42% l-'-bby • % 7% 7% 7% Mont-Ward .... 17% 17% 17% 17% Nat. Leather... 7 7% 7 7% Plggly Wiggly. 14% 15 14% 15 Stew-Warner ... 24% 24% 24 24 Swift & Cos 91 91 90% 91 I Swift Internat.. 23% 23% 23% 23% NEW TORK PETROLEUM. NEW YORK, July 21.—Petroleum was steady on the market here todav, Pennsylvania crude oil selling at $2.25 per barrel. NEW YORK REFINED SUGAR. NEW YORK, July 21. Refined sugar was firmer on the market today. Fine granulated sugar was quoted at ss.lV@ 0.90, and softs. No. 1 at $5.20i'<i.5.9f. NEW YORK WOOL. /" NEW YORK, July 21.—W00l was quiet on the market here today. Domestic fleece XX Ohio was quoted at 2+(Q,3S)c: domestic pulled scoured basis IS® 67c and domestic Texas scoured basis. 40® , wu .

A 7 . Y. Stock Exchange

—July 20— Prev. High. Low. Close. Close. Allied Chem 39 35% 39 38% Allis-Cha liners . 31% 31% 31% 30% Am. Agricul 35% 35% 35% 36 Am. Car A Fdy.l24 123 124 123 Am. Can 27 26% 26% 20 Am H AL. com. 11 11 11 Am. H AL. pfd. 52% 51% 51% 51% Am. Int’l Corp. 34 33 33% 33 Am. L0c0m0.... 82 82 82 Am. Sra. A Ref. 37 • 37 37 37% Am. Stig. Ref.. 69% 67% 67% 68% Am. Sum. Tob.. 48 47% 47% 47% Am. Steel Fdv.. 26% 26 26 26 Am. Tel. A Tel. 103% 103% 103% 103% Am. Tobacco... 123% 120% 121% 123% Am. Woolen 69% 68% 68% 68% Atl. Coast Line. 87 87 87 Anaconda M. Cos. 38 37% 37% 38 Atchison 83% 83% 83% 83% Atl. G. A W. I. 22% 20% 21% -1% Baldwin Loco.. 70% 75% 75% 75% B. A 0 39% 38% 30 38% Beth. Steel (B). 48% 46% 46% 46% California Pete. 34% 33% 33% 34% Canadian Pac...110 109% 110 109% Central Leather 37% 36% 36% 36% Chandler Motors 50% 45% 49 49% C, A 0 54% 54% 54% 54% C, M. A St. P. 27 26 % 26% 26% C M ASt.P. pfd. 40% 40% 40% 40% Chi. A North... 65 65 65 64% C.. R. I. A l’ac. 32% 32 32 32% Chili Copper ... 10% 10% 10% 10% Chino Copper. . 23% 23% 23% 23% Coca Cola .... 29% 29% 29% 29% Columbia Gas.. 55% 55% 55% 54% Columbia Graph 4% 4% 4% 4% Cosden Oil .. 28% 27% 25% 27% Corn Products. 66% 66 66% 6.5% Crucible Steel.. 55% 54% 54% 54% Cuban A. S 14% 14% 14% 14i* Cuba Cane 5... 9% 9 9 9% Dome Mines.... 16‘*> 16% 10% 16% Endicott 62% 61 61% 60% Erie 13% 13 13% 13% Erie Ist pfd 19% 19% 19% 19% Famous Plavers 48% 46% 47 47% Fisk Rubber Cos. 11% 11% 11% 11% Gen. Asphalt .. 51 % 49 49% 50 Gen. Electric.. 121% 119% 1248% 119% •General Motors 10% 10% 10% 1(1% Goodrich 31% si 31 31 Gt. North, pfd.. 69% 68% 69 68% Gt. North. Ure. 27% 27 27% .... Houston Oil .. 53% 52% 52% 52% Inspiration Cop. 34% 34 34 % 33% Tnterboro Corp. 3% 3% 3% ... Invincible Oil.. 10% 10% 10% 10% Inter Harvester 75% 74% 74% 75% Inter. Nickel .. 14 13% 14 .... Inter. Paper... 53% 52% 52% 51% Island Oil A- T. 32% 2% 2% Kan. City South. 25% 25% 25% 2.5% Kelly-Spring. T. 37% 36% 36% 37% Kenneeott Cop. 19% 19% 19% 19 Lehigh Valley. 51% 51% 51% 51% Lee Tire 28% 27% 27% 27 Loews. Inc 10% 19% 19% 10% To & X 112 111% 112 111% Marine pfd 43 4.5 45 45% Mexican Pete... 105% 103% 104 104% Mid. Sts. 0i1... 10% 11* 10% 10% Midvale Steel... 23% 23 23 23 Mo. Pacific.. .. 10% 19 19% 19% Mo. I’ae. pfd .. 39% 38% 38% 38% Nev. Con Cop.. in% 10% m% ... N. Y. Central... 70% 69% 69% 69 New Haven 18% 18 ‘ 18% 19% Norf. i. West.. 94 94 94 94 Northern Pae... 74% 73% 73% 72% Ok. Pro. A Ref. 2 2 2 1% Pacific Oil 35% 34% 24% 34% Pan.-Ain Petrol. 50% 59 ” 49 49% Penna. Ry ... 35% 34% 34% 34% People's Gas 51 51 51 50% Pierce Arrow... 1.8 17% 171., is Pere Marquette. ,19% 19% 19% 19% Pittsburgh Coal 53 * 52% 52% l’ulmn Pal. Car. 97% 9; % 9.5% 9.8 Pure Oil 26 25% 25% 25% Ray Copper 12% 12% 12% 12% Reading 69% 68 68 * 68% Hep. Irn. A Steel 46% 44% 44% 46% Ryl Deh. N. Y. 54 52 % 53 52% Sears- Roebuck.. 62% 66% 66% 66% Sinclair 20% 20 20 20% Sls-Shf. S. A I. 34% 34% 34% Southern Pacific 76% 76% 76% 76% Southern R.v 20% 20 20 20 St. L. A S W.. 24% 24 24% 23% Stand. Oil X. .1.131% 133 133 1:3% St.L. A S F.eom. 21% 24% 24% 21% Stromt.org Carb 31% 31 31 31 Studebaker .... 80% 78-% 79% 79% Texas Cos 33% 33% 33% 33% Texas A Pacific 23% 23% 23% 22% Tob. Products.. 50% 55% 55% 56% Trans, ml 7% 7% 7% 7% Union OH 10% 19% 19% 18% Union Pacific.. .113% 118% 118% 119 Unt. Ret. Stores 54% 53 53 54% U S. F I*. Cor. 17 ' 16% 16% 16 ! -. I’nit. Fruit Cos. 105% 1(H 104 104% United Drug 83% 83 81% 83 U. S. In. Aleon. 51 49% 49% 5>% U. S. Rubber... 51 50% 50% 50% U. S. Steel 7.3% 72% 73% 72% r. S. Steel pfd. 109% 109 109% 108% Utah Topper 49 48% 48% 48% Vanadium Steel 29 28% 2-8% 28% Vlr -Car. Cbeni. 27 27 27 27 Wabash 8 8 8 8 Wab. Ist pfd.... 21% 21% 21% 21% White Oil 7% 7% 7% 7% Western Union. 85 85 85 84 West. Electric.. 43% 42% 42% 43 White Motors... 32% 32% 32% 32 Willys Overland 7% 6% 61% 7% Worth. Pump.. 42% 42% 42% 42% •Ex-div.

NEW YORK LIBERTY BONDS. (By Thomson & McKinnon.) —July 21— Trov. High. I/jw. Close, close. Liberty 3'jS... 86.88 86.76 86 50 N> 74 Liberty 2d 15... STIC 86.90 STIC 87.00 Liberty Ist 4>.*.. 87.78 87.H0 87.52 87.24 Liberty 2M IWs.. 87 40 8700 87.10 87.06 Liberty :;■! 4 ~s.. 01.30 01.30 01.90 01.90 Liberty Ith 4 : s. 87.32 82.22 87.30 87.12 Victory I*B.4<> 98.38 9> n> ;*v :>s Victory 4 4 s 0K.42 0< *SO 08.42 08.38 NEW YORK METAL. NEW* YORK. July 21. —Metal prices: Copper, weak; spot, July, August and September, offered 11| 4 . Lead—Spot, Julv and August, offered 4’4. Spelter— Dull; spot and July, offered 4.25; August aim September, offered 4.3 y. NEW YORK RAW* SI’GAK. NEW* YORK, July 21. -Raw Sugar was quieter on the market here today, Cubas selling at $4.01 and l'orto lticos (quoted at $41.50. NEW* YORK HIDES. NEW* YORK, July 21.—Hides were firm here today. Native steers hides were quoted at 1344.14 c and branded steers hides selling at 12(g13c. W HOLESALE BEEF PRICES. The following are today's wholesale prices for i.eer cuts as sold by Ir.iianapolis markets: Ribs—No. 2. 22c; No. 3,17 c. I.oins— No. 2,25 c; No. 3.20 c. Rounds —No. 2. 20c; No. 3,18 c. Chucks—No 2. 8c; No. 3. 7 c. Plates—No. 2. 4c: No. 3.3 c. SNAKE ADOPTS MOUSE IN CAGE Permits Small Rodent to Make Nest in Its Coils. NEW* YORK. July 21.—A small white mouse placed in the same cage with a South American boa constrictor as food for the latter, has been adopted by the snake, according to Edwin A. Osborne, 9418 116tb street, Richmond Hill, owner of this unusual family. The mouse, with the aid of some straw, has made a nest in the coils of the boa constrictor, nnd Mr. Osborne declares that the most amicable relations exist between the two. Although the snake is r onpoisonous, it has great constrictive power and recently crushed the life out of a rat placed la its cage in twenty-four seconds. The reptile refused to eat the rat, however, and Mr. Osborne a day or so later placed the small white mouse in the cage. The mouse scampered in and out among the colls of ths snake without interference by the latter, and the two have since been on the best of terms. Mr. O'borne, who is a newspaper man nnd writer of animal stories who has made a hobby of collecting snakes, declared that this Is the first instance on record, so far as he is aware, of a snake adopting a mouse. COMMANDMENTS FOR GIRLS. DES MOINES. lowa. July 21.—President Ernest Tuffin of the Northern Baptist convention has given the following advice to young women: Don't swear; refrain from Improper dress; avoid Improper dancing; give up drinking; quit gambling; stop Joyriding and ban immoral plays. He protested against the ‘‘lowered moral tone” of young women's habits, asserted the world Is degenerating nnd said the churches must drop their “petty philosophizing and return to ft,- 'cjw- cf their fathers.”

SWINE PRICES JUMP 35 CENTS Calf Market Strong—Other Stock Steady. RANGE OF HOG FRICE3. Good Good Good July Mixed. Heavy Light. 14 . SIO.OO @ 10.15 $9.90 @ 10.00 $10.25 10. 10.40 10.25 10.50 @ 10.60 16.. 10.65 10.50 [email protected] 18. 10.90 10.75 11.00 19. 10.90 10.75 11.00 20. 10.75 10.76 10.85 21. 11.10 10.95 11.20 Hog prices took another jump on the local live stock exchange today, mounting 35c higher over yesterday's prices. Receipts for the day were 7,000. Big demand and light receipts were given as the cause for the increase in prices. Best light hogs, 160 to 200 pounds, were bringing $11.20; bogs weighing 200 to 225 pounds were bringing sll.lO, with those over 225 quoted at $10.95. One load of top hogs brought $11.30. The bulk of sales ranged from sll.lO to $11.20. Pigs were bringing $10.75. The cattle market was fairly active with 750 cattle on the market. Rest stock was brining 25c higher price than yesterday, with common stuff weak. The calf market was strong, with receipts of 700. Shep receipts were OOP. with the market steady. Top lambs were bringing $lO down. HOGS, Best light Biogs, 160 to 200 lbs average $11.20 200 to 300 lbs 31.10 Over 300 lbs 10 95 Rows 8.1(H9 8.75 Stags 0.85® 8.35 Best pigs, under 140 1b5.... 10 75 Bulk of sales —. [email protected] CATTLE. Prime cornfed steers. 1,000 lbs and up 9.00 Good to choice steers, 1.200 in 1,300 lbs 7.50@ 9.23 Good to choice steers, 1,100 to 1.200 lbs 7.25® 7.75 Medium steers. 1.000 to 1.100 lbs 6.50® 7.25 Common to medium steers. BUO to 1.000 lbs 5.75® 6.50 —Heifers and Cows— Good to choice heifers 7 50® 850 Medium neifers 6.25® 7.25 Common to medium heifers.. 5.25® 625 Good to choice cows 5 00® 5.30 Fair to medium cows 3 50 ® 4.50 Cutters 2 00® 3 00 Canners 1.25® 2.00 —Bulls - Good to choice butcher bulls 5.00® 5.50 Bologna bulls 4.00® 5.00 Light bologna bulls 3 00® 4.00 Light to common bulls 3 00® 4.00 —Calves— Choice veals 10.50 down Good veals 9 00® 9.50 Medium veals 7.00® 8.00 Lightweight veals Common heavyweight veals., 4.00® 5.00 —Stockers and Feeders— Good to choice steers under 800 lbs. 5.00® 600 Medium cows 2.00® 3.25 Good cows 2.50® 3.73 Good heifers 5.00® 6.00 Medium to good heifers 4 00® 5.00 Good milkers 25.00Q70.00 SHEEP AND LAMBS. Ewes 2.50® 3.00 Bucks I 50 Choice ewes and wether lambs 10.00 down "econds t.oO Buck lambs 7.50® 8.50

Other Livestock

CHICAGO, July 21. — Hogs—Receipts, 28,000; market active, 15@35c algiier; bulk. $9.20® 11; top, $11; heavyweight, $9 [email protected]; medium weight. $10.30@11; lightweight, slo.Bo® 11; heavy packing sows, smooth.. [email protected]; pa< king sows, rough. $8.00@9; pigs, $10.25® 10.85. Cat-tle-Receipts, 9,000; market, best steers -teady, other grades dull; beef steers, choice and prime, [email protected]; medium and good, $7.30®8.73; good and choice, svt>s @950; common and medium. $6®8.63; butcher cattle, heifers, $i.25@5,75; cows, $3.75@7; bulls, $4.5(*@6.75; canners and cutters, cows and heifers, $2.25®3.75; canner steers, [email protected]; veal calves • light uud han) weight 1. s9® 11; feeder steers, $5®7.50; stocker steers, $4®7.25; Stocker cow* and heifers. $2.50®.7.74). Sheep- Receipts. 10.000; market steady; lambs (84 lies down), $8.25®1(>.80; cuils and common, ss@B; yearling wethers, $6 (88 25; ewes. $3 25@5 50; culls and com mon, $2.50®3; breeding ewes, $3 @650; feeder lambs. $C@7. CINCINNATI, July 21.—Hogs—Receipts, 4.100; market, 25c higher; heavies, $lO 75®11.26; other grades, $11.25; roughs. $8.50; stags, $6 25®6.50. Cattle Receipts. 100; market slow to steady; calves, $9.50®10. Rheep—Receipts, 3.800; market steady; ewes, [email protected]; best lambs, $11.50; seconds, $7.50; culls, s2@4, CLEVELAND, July 21—Hogs—Receipts, 2 500; market, 5® 15c up; yorkers. $11.40; mixed, $11.40; mediums, je11.40; pigs, $11.50; roughs, $8 50; sags, $6 74). Cattle — Receipts, 300 steady. Sheep and lambs—Receipts, 800; market, steady; top, $ll.OO. Calves—Receipts, 200; market. strong; top, 1.300. HAST ST. LOWS, lih. July 21. Tattle —Receipts, 2,200; market, best strong, others steady ; native beef steers, [email protected]; yearling beef steers and heifers, $8.25@9: cows. ss@7; Stockers and feeders, s3®6; calves, $8.50® 10,50 ; canners and * Jitters. Hogs—Receipts, 5,500; market. 30® 40c up; mixed and butchers, $10.75® 11 ; good heavies, $lO no® 190.9 1 ; roughs, $7(75® 8.75; lights. *10.9 i® 11.15 ; pigs. slo® 11 10; bulk, $lO 9>@ 11. Sheep —Receipts. 2,500; market strong; mutton ewes, s3@4; lambs. [email protected]; canners and choppers, $2.50@3. EAST BUFFALO. N. Y„ July 21 Cattle—Receipts, 100; market active and steady; shippings steers. 18.25® \ ; butcher grades. $7@S; cows, s2@o. Calves Receipts, 375; market slow and steady; buiis to choice, $4.50® 12. Sheep and lambs—Receipts. 84)0; market active mid higher; choice lambs, $11.50@V2; culls to fair. [email protected]; yearlings, $6®8.50; sheep, s!@6. Hogs -Receipts, 1,600; marker active and steady; yorkers, $11.75® 12; pigs. sll 35® U. 75; mixed, sll 50® 11 75; heavies. $11®11.25; roughs, [email protected]; stags. ss® 6.25. PITTSBURGH, July 21.—Cattle—Supply light; market nominal; choice. $8.50 ®9; prime, $8.25®.8.75 ; good, SS®B.SO; tidy butchers, sß® 8.25; fair, $0.75® 7.73: common, $3.50®0.50; common to good fat bulls. $3.00®0; common to good fat cows. $2.50®5; heifers $5®7.50: fresh eoiys and springers, s3s®ss; veal calves, $11; heavy and thin calves, [email protected]. Sheep and lambs —Supply, 800 head: market steady; prime wethers, $5.25®550; good mixed, $4.25®4.73: fair mixed, s3®4; culls and common, sl®2; lambs, sll. Hogs—Receipts. 1500 head; market 25®35c down; prime henvv hoirs, $10.50® 10.75; mediums. $11.65® 11.75; heavy yorkers, $11.65® 11.75; light yorkers, $11.65® 11.75; pigs, $11.65® 11.75: roughs, $5.50® 8.25; stags, $5.50®.8.25; heavy mixed, sll® 11.25.

In the Cotton Market

NEW YORK, July 21.—The cotton market opened unresponsive to financing developments for the staple and the drop in the English brnk rate, and under local and Wall Street selling, was rather easy at a net loss of 7 to 9 points. Liverpool was the best buyer, although the trade also bought a little. After the start the market reflected further unloading and at N the end of the first 15 minutes was about 12 points net lower. The market was firm in the last hour. The close was very steady at a net advance of 7® 21 points. Cotton Futures. Open High. Low-. Close. January 13.10 13 27 13.03 13.25 March 13.32 13.54 13.30 13.52 Mav 13.39 13.55 13.30 13.55 July 12.12 12.35 12.10 12.35 October .7 12.69 12.90 12.62 1288 December 13.0$ 12.28 12.03 12.28 LIVERPOOL. July 21.—Spot was quiet at the opening today. Prices were easier; sales, 6,000 bales. American middlings fair, 10.75a; good middlings, 0.05d; full middlings, B.cnu; middlings, 7.30 U; good ordinary, 0.15d; ordinary. 5.40d. Futures opened quiet. INDIANAPOLIS PRODUCE. Eggs—Loss off, 29c: packing stork butter, 16c; fowis. 4% lbs up, 25c; fowls, under 4% lbs, 20c; springs, 2 lb size. 33c; under 2 lb size, 30c; leghorn springs, 2 nr: cocks, lie; young tom turkeys, 25ct cull thin turkeys not wanted; ducks, 4 lbs up, 15c .spring ducks, 3 lbs up, 20c; geese. 10 lbs up, 11c; squabs, 11 lbs to flsf. 88

INDIANA DAILY TIMES, THURSDAY, JULY 21,1921.

Local Stock Exchange

—July 20— STOCKS. Bid. Ask. Inu. Ry. A Light com GO Ind. Ky. A Light pfd 70 Indpls. A N. W. pfd 75 Indpls. A Southwestern pfd. ... 75 Indpls. St. Ry 38 <8 T. T. I. A Light pfd 15 Terre Haute, 1. A E. com 5 Terre Haute. I. A E. pfd 10 U. T. of Ind. com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advanee-Runiely com ... Advance-Rumely pfd American Central Life 285 Am. Creosoting pfd 91 Belt R. R. com 52 62 Belt R. K. pfd 42% 46% Century Bldg. Cos. pfd 93 Citizens Gas Cos 25% 30 Dodge Mfg Cos. pfd 89% ... Home Brewing 48 Indiana Hotel’ com 60 Indiana Hotel pfd 93 Ind. Nat. Life Ins. Cos 8% 5 Ind. Title Guaranty Cos 59 64 Ind. Pipe Line 73 78% Indpls. Abattoir pfd 40 60 Indpls. Gas 42 49 Indpls. Tel. Cos. com 2 Indpls. Tel. Cos. pfd 90 ... ,Mer. Pub. Util, pfd 40 ... Natl. Motor Car Cos 9 Pub. Sav. Ins. Cos 4% ... Kauh Fertilizer pfd 40 Standard Oil of Ind 65% 67% Sterling Fire Ins. Cos 7% 8% Van Camp Hdw. pfd 92% 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos., pfd 4% 7% Vandalia Coal Cos. com 3% Wabash Ry. com 19 Wabash Ky. pfd 20% 23 BONDS. Broad Ripple 5s 50 Citizens St. Ry. 5s 63 Ind. Coke A Gas 6s 100 Indian Creek C. A Min. 6s 100 Indpls., Col. A South. 55..., 88 ... Indpls. A Martinsville 55... 41% ... Indpls. A Northern 5s 38% 45 Indpls. A N. W. 5s 39 Indpls., S- A S. E. 5s 70 Indpls. A S. E. 5s 50 Indpls. St. Ry. 4s 33 59 Indpls. T. A T. 5s 65 71 % Kokomo, M. A W. 5s 74 77% T. H., I. A E. os 44 U. T. of Ind. tis 46% 53 Indpls. Gas 5s 71 76 Ind. Hotel Cos. 2d 6s 93 ... Indpls. Light A Heat 5s 75 78 Indpls. Water 4%s 65 75 Indplß. Water 5s 86 89 Mer H. A L. Ref. 5s 85 New Tel. Ist 6s 94 N>w Tei., Long Distance, 5s 93% ... Southern Ind. Power 6s 100 LIBERTY BONDS. Liberty first 3%s 83.64 87.20 Liberty first 4%s 87.00 87.50 Liberty second 4%s 86 86 87.20 Liberty third 4%s 91.16 91 50 Liberty fourth 4%s 87.00 87.36 Vltcory 3%s 98.24 98.50 Victory

Local Curb Market

(By Newton Todd.) —July 21— Bid. Ask. American Hominy com ...... 14 22 Burdick Tire A Rubber 1% 3% Capltnl Film Cos % 1% Choate Oil 1 2 Colum. Fire Ins. Cos I>% 8% Comet Auto 1% 2% Dayton Rubber Units 68 73 Dueseuberg Motor Car com... 5% 12 Elgin Mot> r Car 4 5% Fed. Fin. Cos. com 120 135 Gt. Sou. I*. A Ref. Units.... 5 6 Haynes Motor com 118 Hurst A Cos. com 1 2% Hurst A Cos. pfd 60 70 Indpls. Securities pfd 4% Metro. 5-50 c Stores c0m.... 10 15 Metro. 5-50 c Stores pfd 30 40 Robbins Rody Corp. Units... 65 O) Stevenson Gear Units 6 7% U S. Mort. Cos. 1 nits 165 175 State Savings A Trust Cos ... 85 90 Stevens Duryea Units 43 48

Weather

The following table shows the state of the weather a* 7 a. m., July 21, as observed by l*. S. Weather Bureaus: Station . bar. Temp. Weather. Indianapolis, Ind . Solti 67 (Ivor Atlanta, Ga 30 00 70 Rain Amarillo. Texas... 30.12 68 It nip Bismarck. N. 1).... 2988 74 Clear Boston, Mass 30.00 62 Rain Chicago, 111. 30.16 74 Clear Cincinnati, 0hi0... 30.12 68 Clear Cleveland. Ohio 30 10 70 Clear Denver, Colo 29 98 66 PtCldy Dodge C'lty. Kan... 30 12 66 Clear Helena. Mont 30.06 62 Clear ! Jacksonville, Fla.. 30 06 80 Cloudy Kansas City. M 0... 30.14 70 Cloudy , Louisville. Kv 90.12 70 Clear Little Rock. Ark.. 3".0i 74 Cloudy Los Angeles, Cal.. 29 98 68 Clear Mobile. Ala 30 04 78 Cloudy New Orleans, La... 30<W 80 Cloudy j New York, N. \\... 29.92 70 C7car | Norfolk. Vs 29 94 78 Cleat I Oklahoma City 30.08 68 Clear •Omaha, Neb 30.14 70 Clear Philadelphia. Pa.. 29 94 74 Clear Pittsburgh. Pa 30 08 68 Clear i Portland, Ore 30.18 56 Clear ! Rapid City, S. I).. 29.88 70 Clear i Roseburg. Ore 30.12 50 Clear I San Antonio. Texas 30.08 76 Cloudy San Franclseo, Cal. 29.98 52 PtCldy St. Louis, Mo 30 14 68 PtCldy j St. Paul, Minn 30.18 66 Clear Tampa. Fla 30.10 80 Clear Washington, D. C.. 29 98 72 near WEATHER CONDITIONS. Since Wednesday morning showers have oecurred in the southeastern poriions of the country, and also from Montana northward, but In other sections generally fair weather has prevailed. Tem- ; peratures are now a little below normal in the middle and lower Mississippi and Ohio vellcys, but the readings are higher again over the great plains region in connection with the advance of the northwestern depression which Is centered this morning over the Haskatche-wun-Mjinitoba boundary. J. 11. ARMINC.TON, Meteorologist, Weather Bureau. CORN AND WHEAT BCELETIN. For the twenty-four hours ending at 7 a in.. 90th meridian time, Thursday, July 21, 1921. Temperature. a 1 £<o Stations of >, | *- *=s ~ Indianapolis “ f) ~ “ip —o J; District. || apt 2- g Bf Tin *s* ~Z\ ls _ SB MtJ.Sift-.g.al o °-o South Bend ....' 87 157 j 0 I Good Angola jß6| 64 | 0 | Good Ft Wayne |B2 60 | 0 | AVheatfleld I 86 j 50 0 I Good Roval Center ... 84 52 0 ! Good I Marion 85 ! 65 0 Good Lafayette 84 j 58 0 j Good I Farmland 85 53 0 j Good Indianapolis ...I 82 62 0 Good j Cambridge City I 86 j 53 0 | Good Terre Haute .... 84 52 0 Good | Bloomington ...! 89 58 0 | Good Columbus |B6I 68 | 0 1 Rough Vincennes I 8.8 65 I 0 1 Good Paoll IB6| 63 ] 0 I Good Evansville I 88 | 68 | 0 | J H. ARMINGTOX, Meteorologist, Weather Bureau. WHOLESALE FEED PRICES. Ton. Cwt. Acme Bran $23.00 $1.20 Acme Feed 23.00 1.20 Acme Mtdds 24.00 1.25 Acme Dairy Feed 37.75 l 95 E-Z Dairy Feed 30.00 1.55 Acme H. &- M 32.00 1.65 Crme Stock Feed 26.25 1.33 Cracked Corn 31.00 l.et) Acme Chick Feed 30 50 2.05 Acme Scratch 38.50 190 E-Z-Scratch 33.50 1.75 Acme Dry Mash 41.00 2.10 Acme Hog Feed 39.50 2.03 Hom'ick Yellow 27.00 1.40 Rolled Barley 36.50 1.90 Alfalfa, No. 1 33.75 1.75 Cottonseed Meal 40.00 2.05 Linseed Oil Meal 42.00 2T5 Acme Chick Mash 44.00 2.25 FLOCK AND MEAL. / E Z Fake bakers' flour in 98-lb. cotton bags SB.OO Corn Meal in 100-lb. cotton bags.... 1.90 NEW YORK TCRPENTINB. NEW YORK, July 21. —Turpentine was weaker on the market here today, selling cents g

STRONG GRAIN MARKET TREND Chicago ’Change Buys Heavy —Provisions Irregular. CHICAGO, July 21.—Grain prices fluctuated only fractionally on the Chicago board of trade today, with a tendency toward a stronges market. Crop reports were not encouraging and buying was fairly heavy. Provisions were irregular, July wheat opened $1.24%, of %o, and closed up l%c; September opened at $1.26, unchanged, and closed up %c; December opened unchanged at $1.29%, and closed unchanged. July corn opened 64c, up %e, and closed unchanged; September opened unchanged at 61 %c, and closed up %e; December opened unchanged at *!o%e, and closed up %c. July oats opened at 39%c, up" %e,' and closed up %c; September opened up %c, at 41%c, and closed up %e; December opened at 43%c, up %e, and closed up %c. (By Thomson A McKinnon.) —July 20— IVheat—The heavy movement of new wheat from first hands coupled with the financial ((situation as exemplified by the small Investment demand more than offset a ftireign demand. The seaboard reports only a small amount worked for export but the character of the buying suggests that the volume of business is larger than is being published. Spring wheat is beginning to be offered and as a consequence premiums for that grade are lessening. We subscribe to the prevailing idea that there will be sufficient exportation of wheat throughout the crop year to exhaust our surplus, but this idea is remote as to Its effect on values. At the present time we believe the liberal movement of new wheat to the Southwest and the prospective movement of spring wheat will be more dominant in market than future foreign demand. Corn and oats—News from the corn crop is favorable, although more rain would be beneficial in sections. In the far southwest the crop is reported as made. However, the movement from the Country Is dwindling and as a consequence spot prices are firm If crop news remains favorable prices may drag but we doubt the advisability of becoming enthusiastic. Anew feature in oats is the appearance of an export demand. This together with the disappointing yields, as disclosed by thrash ing, will lend an element of firmness to tlie market. Provisions—Leading packing interest reports export sale of around ten million pounds of lard during the week. This same Interest has been taking cash and July iard. Outside of this demand the market is neglected. There ia no doubt but that Europe needs our accumulations but the matter of financing the buying enters Into the Immediate situation.

CHICAGO GRAIN. —July 21— WHEAT— Open. High. Low. Close. July 1.24% 125% 1.21% 1.25% Sept 125% 1.26% 1.22% 1.26% 1.26 1.26% Dec 1.29 1.29% 1.20% 129% 1.29% 1.29% CORN— Ju1y..... 64% 64% 63% 64% 64 Sept 61% 02% 60% 61% 61% 61% Dec 60% 61% 60% 61% 60% OATS— July 39% 40 39% 40 Sept 41% 41% 40% 41% 43% -.4 PORK—•JuIy 18.50 •Sept 18.85 LARD— July 11.90 11.97 11.83 11.85 Sept 11.90 12.00 11.95 11 97 Oct 12.10 12.10 12.00 12.05 RIBS—•JuIy.... 10.67 10.67 Sept 10 92 10.92 10.87 10.87 Oct 10.77 10.77 10.72 10.72 •Nominal. CHICAGO CASH GRAIN. CHICAGO, July 21.—Wheat—No. 2 red, $121%® 1.23%; No. 3 red, sl2o® 121%: No. 2 hard winter, $1 23%®'l 25% ; No. 3 hard winter. $1 22%®1.22% . No. 1 northern spring, $154. No 2 northern spring, $1 51®i1.51 %. Corn—No. 2 mixed, 63%® 64c; No. 1 white, 64c: No. 1 yellow, 63% fit 64% : No. 3 mixed. 62; No. 2 white. 63% @64% ; No. 2 yellow, 63%®04% Oats— No. 2 white, 411%@42; No. 3 white, 38® 39; No. 4 white, 38 \ TOLEDO CASH GRAIN. TOLEDO. July 21 —Cash close: Wheat —Cash, $127%; July. $1.28; September. sl3t’. 4 ; Deeembrr. $1.36%. Corn Cash, 67®68c. Oats- Cash, 43%@44%e. Rve—fash, $1.21. Barley—Cash. $1.63 Cloverseed—Cash. sl3 40®Ortober. sl3 40: December, sl3 20; February, $13.25: March, sl3 20. Alslke—August, $11.90; October. 1191; December, $11.00; March. sll9O Timothy—sash. $2 95; September, $2.97%; October, $2.85®2.95. PRIMARY MARKETS. (By Thomson A McKinnon.) —July 21— —Receipts— IVheat. Corn. Oats. f Idea to 874,000 245.000 227.000 Milwa, kee.... 34,000 B*.t)t)o lls.ttoo Minneapolis... 188,000 3,0(>0 16 00(1 Duluth 78.000 St. Louis 480.000 60.000 105,000 Toledo 48,000 9.000 4.600 Detroit 7.000 3,000 8,000 Kansas City.. 756,000 24,000 9,000 Omaha 294.000 104,000 30,000 Indianapolis.. 103,(M)0 17,000 76,000 Totals 2.862,000 004.000 593.000 Year ago... 929,000 549,000 526,000 —Shipments— Wheat. Corn. Oats Chicago 60,000 241,000 75.000 Milwaukee.... 6.000 7,000 23.000 Minneapolis... 118,(M)0 18,000 14,000 Duluth 6,000 75,000 St. Louis 194.(MM) 41,000 35,01)0 Tohd.o 7,000 7,000 16,000 Detroit 4,000 Kansas City.. SNl.itoo 84,000 3,000 Omaha 256.000 35,000 24,000 Indian'polls.. 16.000 5,000 16.000 Totals 1.043.1K)0 47K.000 287,000 Yea; ago.. .1,079,000 386,000 610,000 —Clearances — Domestic W. Philadelphia 2.000 New Orleans 120,000 Totals 122,000 Year ago , 550,000 INDIANAPOLIS CASH GR.\IN. —July 21Wheat—Steady ; No. 2 red. [email protected]. Corn—Steady; No. 2 white, 68@69c; No. 3 white, 66%@07%e; No 2 yellow, 86® 67c; No. 3 yellow. 65@66c; No. 2 mixed, 65%@66%c; No. 3 mixed. 64%@85%e. Oats—Steady ; No. 2 white, 40%Q41%c; No. 3 white, 39%®,40%e. Hay—Steady; No. 1 timothy, $18.50@19; No. 2 timothy, [email protected]; No. 1 light clover mixed, $17.50Q18; No. 1 clover huy, $16@17. —lnspections IVheat—No. 2 red, 22 ears; No. 3 red, *4 cars; No. 4 red, 5 cars; No. 5 red, 1 car; No. 2 hard, 3 cars; No. 3 hard, l car; No. 2 mixed, 3 cars; sample, 1 car; total, 70 cars. Corn —No. 1 white, 1 car; No. 2 white, 11 cars; No. 3 white, 1 car; No. 1 yellow, 4 cars: No. 2 yellow, 3 cars; No. 2 mixed, 3 cars; total, 23 cars. Oats—No. 1 white, 1 car; No. 2 white, 12 cars; No. 3 white, 32 cars; No. 4 whft.e, 6 cars; sample white, 1 car; total, 52 cars. Rye—No. 2, 8 cars; No. 3, 1 car; sample, 2 cars; total, 11 cars. WAGON WHEAT BRICES. Indianapolis flour mills atul elevators today are paying $1.15 for No. 1 red winter wheat; $1.13 for No. 2 red winter. and according to test foi No. 3 red winter. HAY MARKET. The following are the Indianapolis prices for hay by the wagou load: Hay—Loose timothy, old, $18@20; mixed hay, new, sls® 17; baled, slß®l9. Oats —Bushel, new, 35@38c. Corn—New. 60®65c per bushel CHICAGO PRODCCE. CHICAGO, July 21.—Butter—Receipts, 8,013 tubs; creamery extra, 40%c; firsts, 34@39c; packing stock, 22@23c. Eggs - Receipts, 6,624 cases; current receipts, 25@28e; ordinary firsts, 22@'24e; l'irsrs, 27@27%; checks, 18®20; dirties, 15Q22. Cheese—Twins (new), 18%@19%c; Daisies, 1U@19% ; Young Americans, 24 Qi 21%c; Longhorns, 22%@23; Brick. 17® 17%c. Live poultry—Turkeys. 30; chickens, 24c; springs. 22@30; roosters, 18c; geese, 12Q18: (lucks, 24c. Potatoes—Receipts, 17 cars; Minnesota, Dakota, Ohio, Virginia, $4.75®5; frozen, Kaw Valley, [email protected]; Nebraska. [email protected]; Californli ‘> '•V7? -o

On Commission Row

TODAY'S PRICES. Apricots—Fancy, crate, $1.75. Bananas—Ext'fa fancy high grade fruit, 50@60c per bunch; per urn., Bc. Beans —Michigan navy, in bags, per lb., 4%@5c; Colorado Pintos in bags, per lb., 7%@Bc; California limas, in bags, per lb., 7%@Bc; red kidneys, in bags, j>er lb., 11 @l2c California pink, chili, in bags, per lb. ,7%®Be. Beans —Fancy green, per bu., $3.50. Blackberries—Fancy, per 24-pf. crt., $2.75; per 24-qt: crate, $5. Cabbage—Fancy new, per barrel, $1.50; less than crate, per lb., 6e. Cantaloupe—Fancy California, stds., per crate, $4; fancy California pon.vs, pef crt., $3.50; fancy California Honey Dews, per crt., $3; fancy California Casabos, per crt., $3; fancy Indiana ,ctds., per crt., $3.50; fancy Indiana fiats, per crt., $1.35. Carrots —Fancy, homegrown, per doz. bunches, soe. Cauliflower —Fancy, homegrown, per bu., $3 50. Celery—Fancy, Michigan, high bail, per crt.. $2. Corn—Fancy homegrown, per doz., 30c. Cucumbers —Fancy homegrown, per doz , $1.75. Kale —Fancy, homegrown per bbl., $2. Lemons —Fancy California, 300s, $12.503COs, sl3. Lettuce —Fancy California Iceberg, per crt., $5.50. New Potatoes—Fancy Virginia Cobblers, per bbl., $5.75. Onions—Fancy H. G. yellow, per 100 lbs., S3. Oranges—California, all grades, per box. ss@6. Peaches —Fancy Elbertas, per bu., $4. Pieplant—Outdoor, per doz., 35c. Plums—Fancy, crt , $2.25. Spinach—Fancy, per bu., S2. Radishes—Long red. per doz., 30c; button, homegrown, per doz.. 30c. DISBAR LAWYER WHO QUITS CASE Left Client Facing Electric Chair to Fate. TRENTON, July 21.—Asserting that Frank M. McDermit, a widely knwou Newark lawyer, had abandoned a client in the shadow of the death chair because the condemned man was without funds, the Supreme Court for the second time has disbarred McDermit from the practice of law. In 1809 McDermitt was disbarred for taking money from a client which should have ben used in prosecution of a case. He was subsequently reinstated. McDermit was admitted to the bar thirty-nine years ago and has been a picturesque character in Democratic State politics, having been a candidate for United States Senator and Governor. The court in its order disbarring McDermit for abandoning his client "in the very shadow of the electric chair" said the abandonment was not less culpable because he subsequently resumed his efforts "under strong pressure from the court.” "For counsel to abandon a client at >urh a crisis." said the court, "is like n loldler deserting in the face of the enemy. Dereliction on the part of attorneys and counselors is not uncommon, but foitunately the most untrustworthy counsel is ordinarily loyal enough to his client, and even the ordinary sense of self interest urges a lawyer to do the best he can to save his client's life. "It is rare that counsel sets his owr leslre for money above bis client's chance for life. We find that McDermit was guilty of gross dereliction in his duty to his clients. We can think of none grosser. If mere unfaithfulness in money matters Justified his disbarment In 1899 much more must lac kof fidelity in a natter of life and death Justify his disbarment ‘n 1921.”

CASCADE BEARS SCARE KIDDIES Wild Animals Lurk Near Heart of Tacoma. TACOMA, July 21.—-While Tacoma is ! a city of 100.000 persons and 'old hunters say that it has been twenty years since a bear has been killed within the city limits, a meeting of the mothers and Tilth,-rs held recently at Cedar Heights, a mile and a half from the heart of the city, revealed the fact that bears and other wild animals are lurking in the woods, and they have petitioned for the erection of a school nearer their homes, so that the children will not have to pass through the woods every day. The parents asked that the school building bn erected at Cedar Heights The school board investigated the district some time ago. but, on finding only twelve school children, endeavored to find means of transportation. The roads were so rough that the plan was dropped. The parents at their meeting recounted tals of having seen bears lurking In the woods and that the weird cry of a cougar has been heard at night. They declared that this time of the year bears who are with young are dangerous and that a cougar can never lie depended upon i to refrain from attacking children. T*o -eraeit.v of the residents of the ! district is not to he doubted, members j of the school board say, and it Is iikelv i that a school house will be built at | Cedar Heights. CANOES 8.000 MILES. HARRISBURG, Pa.. July 21.—William A. Good has just finished a voyage of 8.0(H) miles in a seventeen-foot canoe. He started paddling at Chicago Oct. 11. followed the Mississippi to New Orleans, the gulf roast around Florida and up the Atlantic coast to New York. He had several narrow escapes from death. EAGER FOR AIR. HAVRE, France, July 21.—Americans on liners entering Havre are causing the new j Havre-Paris air service to beat all popu- ! larity records. On the first trip last j week a wireless was sent a steamship asking if any on board wanted to make j Paris through the air, and 150 Americans ! applied for the seven places on the plane. 1

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SMALL CLAIMS IMMUNITY AS GOV. OF STATE (Continued From Page One.) sonal and political enemies were heard and I had no voice. “Attorney General Brundage, leader of the conspiracy, has succeeded in obtaining this indictment, simply because of the personal fury I aroused In him, because I refused to permit him to take from the taxpayers' pockets $1,500,000 for the upkeep of his personal political machine. “I promised the people of Illinois that I would attempt to secure for them a •dollars worth of service for every dollar spent.’ In carefully examing the appropriation bills I found $7,000,000 In appropriations which the needs and welfare of State of Illinois did not require, and I was able through the power of my veto to save that amount in taxes t<r the people of our State. “I found it necessary in thus reducing the burdens Os taxation to cut Mr. Brundages appropriations $700,000. As I explained to you at that time I had no hesitancy in doing this, because Mr. Brundage had been using your money, not for the enforcement of the law. or for the welfare of the State, but purely for his own selfish political desires. “Evidence of that fact is available. “Sc- Mr. Brundage not only desired my political assassination, but he proceeded with the machinery at his hands to accomplish that fact. The Chicago Tribune, spokesman for all the interests, gladly lent the aid of its powerful press to the spreading broadcast of Mr. Bruadage's propaganda. “The Chicago Daily News, owned and edited by Mr. Victor Lawson, not only a tax dodger of record himself, but spokesman for the millionaire tax dodgers of Chicago who refuse to hear their just proportion of taxes, rushed to the aid of Mr. Brundage and The Tribune. “The public utility interests, offended because I have kept my pledge for home rule, and the abolition of their former tool, the public utilities commission, gave what support they were able to give to Mr. Brundage's effort to besmirch my name and my record. BRINGS IN TRACTION INTERESTS. “The traction interests of Chicago, who know that the present Governor of Illinois will reduce street car fares from 8 and 10 rents to 5 if it is humanly possible, gladly joined with Mr. Brundage and the other interests to annihilate me. “So Mr. Brundage came to Sangamon County, the only county in the State where he had auy hopes of securing an indictment against me. While it may seem amazing that any grand jury could do this thing, still I am not surprised that a Sangamon County grand jury, dominated by an organization protecting the most vicious criminals and brazen law violators to be found in the State of Illinois has taken this action. "I am absolutely innocent of every charge they make. They, better than any one else, know I am innocent and that they can never prove the charges, which are simply brought for the purpose of character assassination through the public press of Illinois. And I believe the other parties indicted are equally innocent. "The people of the State of Illinois elected mo on the pledge that I would honestly serve them. I have served them to the best of my ability, regardless of consequences, saving them many millions of dollars. I will continue to honestly and faithfully serve them with every particle of strength and ability 1 possess. "And I am not afraid of the final verdict which will come from you, the great people of Illinois. “LEN SMALL, Governor." REFORT OF GRAND ,JIRY. The report of the grand jury which Indicted Governor Small. Lieutenant Gov ernor Sterling and Vernon Curtis for alleged misuse of State funds, follows : “May it please the court; The undersigned, the regular grand Jury of Sangamon County, who were instructed by this court to inquire into the handling of State moneys by former State treasurers, teg leave to report that we have devoted two weeks to that work, and in the course of our investigations have examined many witnesses. "In making this inquiry we hare en deavored to observe strictly the oath administered to us and to follow the instruction of this court. We have tried to conduct an impartial investigation of the facts without malice, fear, or favor toward any individual. Our sole and only aim has been to ascertain the facts, and hence the truth of the situation. “As the result of our investigation we return herewith a number of indictments. "From the evidence submitted ft ap-

We are offering $175,000 CITY OF FRANKFORT (Clinton County, Indiana) 6% MUNICIPAL LIGHT PLANT BONDS Dated Jan. 1, 1921. Denomination, SI,OOO Interest Payable Jan. 1 and July L MATURITIES $10,000.00 due Jan. 1, 1923 @ 100.00 10,000.00 due Jan. 1, 1924 @ 100.00 10.000.00 due Jan. 1, 1925 @ 100.00 10,000.00 due Jan. 1, 1926 @ 100.00 10,000.00 due Jan. 1, 1927 @ 100.57 10,000.00 due Jan. 1, 1928 @ 100.66 10,000.00 due Jan. 1, 1929 @ 100.74 10,000.00 due Jan. 1, 1930 @ 100.82 10,000.00 due Jan. 1, 1931 @ 100.89 10 000.00 due Jan. 1, 1932 @ 101.94 10,000.00 due Jan. 1, 1933 @ 101.94 10.000.C0 due Jan. 1, 1934 @ 101.94 10 000.00 due Jan. 1, 1935 @ 101.94 10,000.00 due Jan. 1, 1936 @ 101.94 10,000.00 due Jan. 1, 1937 @ 101.94 10 000.00 due Jan. 1, 1938 (a) 101.94 10.000.00 due Jan. 1, 1939 @ 101.94 5,000.00 due Jan. 1, 1940 @ 101.94 The legality of the above issu2 approved by Messrs. Smith, Remster, Hornbrook & Smith. These obligations are free from state, local and federal income taxes. PR CSS 1923 to 1926 maturities to yield Srfc 1927 to 1931 maturities to yield 5%% 1932 to 1940 maturities to yield 5%% J.F.WILD MIcOMPANY S T <*>■ *

pears that the treasury of the State es Illinois carries large dally balances and that during the administration of Fred E. Sterling these balances have ranged from $20,000,000 to $32,000,000 during the administrations of Len Small and Fred E. Sterling as treasurers of the State of Illinois, the law then In force in this State requiring the State treasurer to deposit all moneys received by him on account of the State within fire days after receiving same in such banks In thfi cities of the State as in the opinion of the treasurer were secure and which paid the highest rate of interest to the State for such deposits. “We find that both the letter and spirit of that law was violated. Instead of loaning the State moneys to all secure banks of the State, without discrimination, and to such of them which paid the highest rate of Interest, only a portion of that money was loaned in accordance with the provisions of the statute. For the purpose of circumventing those provisions, an ingenious scheme was devised and closely adhered to. HOW FINDS WERE HANDLED. "Beginning with the administration of former Treasurer Small, the daily balances of the St-ate treasury were carried on the books under two primary funds, one denominated as the ‘vault fund’ and the other as the ‘safe fund.’ The vault fund represented the aggregate loans made to legitimate banking institutions throughout the State and was uniformly less in amount than the safe fund. "The so-called safe fund represented loans made to the so-called ‘Grant Park bank,’ which was formerly a private banking institution, but which absolutely ceased to function as a bank after 1908. Although this purported bank was purported to be owned by a single Individual, and did not transact any banking business whatsoever and had no depositor other than the State of Illinois, yet it was given huge deposits of public moneys by two former State treasurers, Messrs, Small and Sterling. “The average deposits of State moneys carried by this purported bank were $10,000,000. The evidence shows money was taken from the State treasury generally in lots of $500,000 and deposited in the so-called Grant Park bank, which thereupon issued and delivered to the State treasurer certificates of deposit for the amounts received, but without any collateral security. In other words, the only evidence of indebtedness and the only security held by the treasurer for loans aggregating $10,000,000 were paper ob’igations of a fictitious bank. “The moneys he received were used in purchasing at a discount short-time notes issued by Swift & Cos. and Armour & Cos., two large corporations engaged in the packing business in Chicago. These transactions netted the purchasers of the notes large profits. If any portion of the profits so realized was paid into the State treasury it -ras less than 2 per cent. The evidence shows that most of the banks receiving public moneys paid into the State treasury interest at the rate of 3 per cent per annum, but that tile aggregate interest paid into the State treasury on all public funds during the administrations of Messrs, Small and Sterling was less than 2 per cent per annum. RECORDS REVEAL THE SYSTEM. “The records of treasurer’s office for July, 19, 1919, illustrate the manner in which the public funds have been han-v died. On that day the ‘vault fund’ is debited with $7,977,500, of which sum $4,977,000 was deposited In approximately 300 banks throughout the State and $3,000,000 in a private banking institution, while the ‘safe fund’ was debited with $18,000,000. "The activities of the State government have grown tremendously daring the last few years. Each Legislature adds to the supervisory dudes of the State, and as a result of these regulatory laws the anrual income of the State is being constantly augmented. One or two laws alone have added millions of dollars to the receipts of the State. "The Legislatuie of this State has unlimited investigating powers. lYe, therefore. recommend that it institute an exhaustive investigation of the whole subject of the handling of public funds for the twofold purpose of determining til official delinquency, if any. and (2) what legislation, if any, should be enacted to protect the Interests of the State and to put an end forever to the traffic in public funds. “We desire to record publicly otir commendation of the attitude of the present State treasurer of Illinois. Edward E. Miller, who appeared before us with the records of his office in answer to a subpoena duces tecum. We were greatly impressed with the fact that his testimony was free from malice or bias toward any single individual. His testimony revealed not only an intimate knowledge of the affairs of his office, but also a proper conception of his responsibilities and duties. "We request the court to permit ns to remain in session for the purpose of further investigation. "Respectfully submitted. "D. A. BRIAN, Foreman.”