Indianapolis Times, Volume 35, Number 43, Indianapolis, Marion County, 30 June 1922 — Page 22

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PRESSUREGONE IN STOCK SALES OF OIL GROUP Active Industrial Rallies, Maintaining Strength Through Session. THREE LIQUIDATION CAUSES Settlement Preparations, House Cleaning and Impending Strike. TWENTY STOCKS AVERAGE NEW YORK. June 30.—Twenty industrial stocks Thursday averaged 93.06, down 18 per cent. Twenty active rails averaged 83.73, up 24 per cent. By United Press NEW YORK. June 30.—From the L trading on the New York Stock Exchange today it became evident that khe selling pressure, noticeable in the fcrevious session, particularly in the ■American oil group, had disappeared. B This active stock of the industrial fcroup showed a rallying tendency in khe early dealing, which was rather ■veil maintained throughout the session, although in no instance did the Kain represent more than a moral refcavery from recent reactions. liquidation this week appears have been largely attributable to MUI causes. First, preparation for |K|>Wgar settlement: second, house in anticipation of statements as of June 30, from Mljgprs of firms ordered by the stock iwßSige and a third, desire to be out market call issued to railroad emfor July 1. jfcjff.ll money tightened to 5% per in closing dealings after at 4% per cent, but this flurry the eve of mid-year settlement ■■ no effect on stock prices, whi/i ■ tmued the ralljing movement nnthe close. ■Studebaker and Baldwin led the re. ■very in the -ndustrial group. MaiBison made anew high for the year It 31, while American Ship and Com Inerce advanced over 2 points to 20*i pn a declaration of $25 extra dividend 'by William Cramp & Sons. American Ship and Commerce owns 111.030 Cramp shares, so the dividend equals more than $4 a share on the American ship stock. Stock sales for the day were 551.900 shares.

MONEY AND EXCHANGE Indianapolis bank clearings Friday were $4,061,000 and for the month ending Friday. $79,481,000; bank debits, $5,823,000 and for the month, $149,152,000. NEW YORK. June 30.—Marks made anew low at .0028 s -.* today. Other foreign exchange opened irregular. Sterling—Demand. 440 cables, 440%, off %. ' French F*rancs—Demand, .0833; cables, .0833%. off .0002%. Lire—Demand, .0467%; cables, cables. .0467%, off .0003. Belgian—Demand, .0791%; cables, .0792%, off .0002. Drachms—Demand, .0310; cables, .0312. unchanged. Guoders —Demand, .3839; cables, .3844, up .0008. Swiss—Demand, .1895; cables, .1897, up .0003. Peste—Demand, .1555; cables, .1557, up .0002. Swede—Demand. .2560; cables, .2565, up .0003. Norway"—Demand, .1630; cables, 1635, up .0005. Dane —Demand, .2133; cables, .2138, off .0002. Foreign exchange closed firm: Sterling—Demand, 4.42%; cables, 4.42%, up 1%. French Francs—Demand, 8.41%; cables, 8.42%, up .0001. Italian Lire —Demand, .0437; cables, .0437, up .0001. Belgian—Demand, .0797; cables, .0796%. up .0003. Marks —Demand, .0026%. Swiss —Demand, .1897; cables, .1899, Guilders—Demand, .3845; cables, .3850. ACTIVE OIL STOCKS (By Thomson A McKinnon.) —June 30. —Closing— Bid Ask Anglo-American Oil 19 % 20% Atlantic Lobos 9% 10 Bome-S*jymser 380 400 Buckeye Pipe Line 94 90 Cheeebrough Mfg. Cons 185 195 Continental Oil, C 010........ 135 140 Coeden Oil and Gas 0 13 Crescent Pipe Line 35 38 Cumberland Pipe Line 138 145 Elk Basin Pete 9% 10 Eureka Pipe Line 90 93 Galena-Signal Oil. pref 100 105 Galena-Signal OiL com 67 59 Illinois Pipe Line 170 175 Indiana Pipe Line . 89 92 Merrill Oil 10 10% wbCwest Oil 3 ... Midwest Rfr 200 National Transit 26 27 New York Transit 185 175 Northern Pipe Line 98 102 Ohio Oil 285 290 Oklahoma P. & B 9 10 Penn.-Mex. 35 Prairie Oil and Gae......... 550 570 Prairie Pipe Line 245 260 Sapulpa Refg 4% 4% Solar Beflning 380 380 Southern Pipe Line ........93 97 South Penn Oil 217 225 Southwest Penn Pipe Line*.. 82 64 Standard Oil Cos. ot Ind. ...103% 103% SLndard Oil Cos. of Kan. ...640 500 Standard Oil Cos. of Ky 92 % 92 % Standard Oil Cos. ot Neb. . . .185 195 Standard Oil Cos. of N. Y 430 426 Standard Oil Cos. of Ohio ...440 460 Swan b Finch 85 45 Vacuum Oil 415 420 Washington Oil 22 28 “ FINANCIAL. (Concluded from Proceeding Page.) Confidential Quick Loans "UP TO 5300. On pianos, Vlctrolae. household furniture and guaranteed note*. Loans payab’e in 8 to 20 monthly installments. Legal charges based on unpaid balance for actual time used. Loans with other companies paid off and more money advanced Hours: 9 to . 30? Saturdays to 1 p. m. Call, write or ■w **• Circle 1-0-6-0. beneficial Loan Society 601 National City Bank bldg. LOANS furniture, pianos, antes, live stock. r>|,n implements and other collateral. \ K -, 111 % E. Washington Bt. S&OAPITOL LOAN CO. 08*4. Auto Lincoln 71t. [ and second mortgages on Indiana mQB Indianapolis re&l estate. R. B WILNatlcEjßftltaaSaflAbldg. Uatjjy- if Vlsijy/iWPV/*

New York Stocks (3y Thomson Sc McKinnon.) —June 50—

Pro v. High. Low. Close. Close. Railroads Atchison .. 100 99 % 100 99 % ! At. C. L. . .102% 102% 102% 102 t B. & O 49% 48 % 49% 48% i Can. Pac 138 137% 138% 138 C. * 0 00% 00 00% 65% l CAN W. Ry. 74% 74% 74% 74% C..RJ. Sc P. 43% 42% 43% 43% I Chi. Sc G. W. 8% 8% 8% 8% Erie 15% 14% 15% 16% Enst Ist pt: 33% 33% 23% 22 I Or. Nor. pfd 77% 76% 77% 80% I K. C. South. 24% 24 24% 24 i Mo. Pac... 21% 20% 21% 20% I Mo. Pac. pf. 53% 52% 53% 52% IN T Cen 94% 93% 94% 94% : MT, NH Sc H 30 29 29% 28% Nor. Pac... 74% 74 74% 75% Nor. & W.. 108% 100 108 100 Penn 43% 41% 43% 41% Reading ... 74% 74% 75% 73% , So. Ky. ... 74 % 74 % 75 % 73 % j So. Pac. . . 89 % 89 89 88 % St. Paul ... 20 % 25 % 20 % 25 St. P. pfd.. 42% 41% 42% 41% StL. Sc S. W. 27 % 27 27 27 StL & SW p 45 % 45 % 45 Vs 44 StL &S Fe. 27% 27 27% 27% Un. Pac...140 139% 139% 139% Wabash ... 12% 12 13% 12 Wab. pfd.. 30% 29% 30% 29% Rubbers Ajax Rubber 15 14% 15 14% Fisk Rubber. 15% 15 15% 15 Goodrich Rb. 30% 30% 39% 39% Kelly-Spg. ... 48 47% 47% 40% K. T. Sc R. Cos 15% 15% 15% 15. % U. S. Rubber 03 % 02 % 03 % 02 % Equipments Am. C. & Fd. 100 160 160 159% Am. Loco. .112% 111% 112% 110% Bid win L0c0..114% 112% 114 111% Gen. Elec.... 166% 105V* 106% 105% Lima L0c0... 100 105% 100 100 :N. Y. Atrbk. 75 73% 75 i Pressed S. C. 76% 76% 70% ! Pullman 119 118 119 118 ; West. Air.... 91 89 89 ; West. Elec... 58% 58 % 58% 50% Steels I Beth. "A”... 74 74 74 73 i Beth."B" ... 70% 75% 70 75% ■ Crucible 73% 73 73% 72% i Gulf States.. 77% 70 77% 74% I L&cka 73% 73 73 73 Midvale .... 33% 32% 33 32% i Penn 3. Bord 9% 9 9% 8% . Replogie ... 31 30% 31 30 R. I. Sc S. . . . 71 70 71 69% I Sup Steel... 32 32 32 1 U. S. Steel... 9 % 98 % 09 % 98 |U. -8. S. pfd.120% 120% 120 % 120% .Vanadium .. 45 44% 45 43% Motors ! Am. B. Mag. 39% 30% 39% 38% ‘Chandler Mt . 70 09 70 *.8% Gen. Motors. 14 13% 14 13% ; Hupp Motors 19 19 19 19 , Max. Mot. A. 60 65 65 05% Hudson Mot. 21% 20% 20% 21 Max Mot B” 23% 23 23% 22% Martin Perry. 30% 30% 30% 31 I’l'Tce-Arro w .19 18% 18% 10% Studebaker ..129 127 128% 120% Stromberg . . 47 47 47 46 Stew-Wamer. 43 43 43 42% Willys-Over .. 8 % 8 % 8 % 8 % Minings Butte-Sup.... 27% 27% 27% 27% Dome Mines. . 28% 28 28 29 Int Nickel... 10% 16% 10% 10% Texas G & S 46 % 40 % 40 % 45 % Coppers Anaconda.... 51 % 50 % 51 % 50 % Chile Copper. 20% 19% 20% 20 Inspiration... 40% 39% 40% 39% Kennecott ... 33% 33 .33% 33% Miami 28 27 % 28 27 % Nev Cons .. 16% 10% 1*3% 10% Utah Copper. 62% 62% 62% 02% Ray Cons ... 10% 10% 10% 10

INDIANAPOLIS STOCKS —June 30 — Stocks Bid. Ask. Ind. Ry. & Light com 67 ... Lid. Ry Sc Light pfd 84% 89% Indpls. St. Ry 42 47 i Ir.dpis. N. W. pfd 49 ... Ir.dpls. &S. E. pfd SO ! T. H.. T. &L. pfd 75 ... | T. H.. I. & E. com 1 6 T. H . X. & E. pfd 2% ... : U. T. of Ind. com 3 U. T. of Ind. Ist pfd...,,... 9% 14 U. T. of Ind. 2d pfd 1 6 Advance-Rumely pid ... Advauce-Rumely com Am. Central Life 200 ... Am. CreOsoting pfd 94 ... i •Belt D. R. com 56% ... : •Belt R. R. pfd 60 Cmtury Bldg. Cos. pfd 94 ... i Cttlrens Gas Cos .20 . . City Service com 217 Vi 220 % City Service Cos. pfd 00 08 Dodge Mfg. pfd ... Home Brewing 55 ... Ind. Hotel com 88 ... •Ind. Hotel Cos. pfd 97% ... Inti. Nat i. Life Lis. Cos 2 ... Ind. Title Guarantee 60 ... Ind Pipe Lines 88 ... Indpls. Abattoir pfd 45 ... •Indpls. Gas 44 ... Indpls. Tel. pfd. 90 ... Indpls.Tel.com 2 ... Mer. Pub. Util, pfd 50 ... Nat l. Motor Car Cos 2% 5 Pub Savings Ins. Cos 6 ... Rauh Fert. pfd 49 ... Standard Oil of Indiana.... 102 Sterling Fire Insurance C 0.... 7 V* ... Van Camp Hdw. pfd 90 ... Van Camp Prod, ist pfd ... 97 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. com. 1 ... Vandalia Coal Cos. pfd 7 12 Wabash Ry. pfd 29% 33 Wabash Ry. com. 12 15 V* Bonds Brosd Ripple 6s 02% ... Citizens St. R. R. 5s 82% 80 Indian Creek Coal & Mines 6s 100 Ind. Coke & Gae 0s 80% 90 Indpls. C. A S. ss. 92 ... Indpls. Sc Martinsville os 01% ... Indpls. Northern 5s 40 V* ... Indpls. St. Ry 4s 05 07% Indpls. 4 N. W. 5s 55 58 Indp:s Sc S. 5. 5# 40 ... Indpls.. Shelby Sc S. E. ss. .. . 65 ... T. H.. I &B. 5 04% ... Citizens Gas 5s 85% 87V* Indpls. Gas 5s 85 Vi 87 Kokomo. M. Sc W. 55....... . 88 % 04 Ind Hotel Cos. 0s 90% ... Indpls. Water 5s 90% 97% Indpls. Water 4%s 81 85 Indpls. T. Sc T. 5s 82 Vi 85 Indpls. L .Sc H. 5s 91% 93 U. T. of Ind. 0* 69% 02 Vi Mer. H. &L. 5 99 V 4 ... New Tel. L. D. 5# 97 New Tel. lsi 0s 97 South. Ind Power 6s 80% 91% •Ex-dividend. LIBERTY BONDS Liberty firet 3Vi* 00.96 100.10 Liberty firot Liberty second 4 Vi, a 00.96 100.10 Liberty third 4 1 4 a 100.04 100.12 Liberty fourth 4V*s 100.14 100.24 Victory 4*6 100 40 100.48 MOTOR SECURITIES tßy Thomson & McKinnon.) —June 30—- —Closing— Bid. Ask. Earl Motors 3% 4 Packard com 14 14% Packard pfd 80 88 Peerless 48 49 Continental Motors com 7% 8 Continental Motors pfd 00 95 Hupp com IP 19% Kupp pfd 105 ... . i Reo Motor Car 27 27% Elgin Motors 2 2% Grant Motors • 1 1% Ford of Canada 385 388 National Motors 3 5 Federal Truck 19 2.3 Paige Motors 23 24 Republic Truck 11 11% NEW YORK CURB (By Thomson & McKinnon I —June 30— ■' "■ -Closing Bid. Ask. Acme Packing 45 50 Curtis Aero com 3% 5 Curtis Aero pfd 2.3 20 Boston Sc Montana .... 15 16 Boston Sc Montana Cor.. 75 80 Goldfield Con 0 8 Jumbo Extension 3 6 Kirby Oil 0% 7 Nlpisslng 6% 6 Standard Motors 4 4Vi Salt Creek 15% 18 Tonopah Extension ... 1 % 1 % Tonopah Mining 1% 1% United P S new 7% 8 U. S. Light Sc Heat. .. . 1 9-10 1% U. S. Light A Heat pfd. 1 % 1 % Wright-Martln 2 6 Yukon Gold Mine Cos. . . 90 100 Jerome 4 V* 4% New Cornelia 18 19 United Verde 27 28 Sequoyah 2 10 Omar Oil 2 Vi 2% Republic Tire 05 67 NEW YORK HAY MART NEW YORK, June 30.—The market for hay was somewhat steadier today, supplies here being reduced and arrivals smaller. Alfalfa, second cutting choice green, continued nominal at s3l @32. Timothy, large bales No. 1, $28@30; No. 2, $25@27; No. 3. 21@ 24: small bales No. 1, s27@2Bc: No. 2. ?23@26: No. S. s2l @22. Clover, mixed fancy large bales. $27@2S: No. 1, $23 @5.6; No. 2. S2O@3J. Small bales fancy, J24@26; No. $, **2@23; No. 2,

Prev. High. Low. Close, close. Oils Cal Petrol... 61 Vs 59 Vi 61 Vi 00 % Cosden 40 44 % 45 V* 44 % Houston Oil. . 76 74 % 75 74 % Invincible Oil. . 15 4% 15 15 Mex Petrol .179% 174 176% 178 Mid States Oil 13% 13 Vi 13% 13% Okla Pro ... 33 33 % Pan-Am Petrol 78 % 70 V* 77 % 78 % Pac Oil 55 % 64 65 54 Pierce Oil .. . 7 % 7 % 7Vs 7 % Pro and Ref. 42% 40% 42% 42 Pure Oil 30% 29% , 30% 30 Vi Royal Dutch. 59% 68V* 49 58 iSt Oil of Cal. 102% 100% 102% 99% Stand. Oil NJ 181 179% 1,81 181 Vi Sinclair 32% 31 Vs 31% 31V* Texas £o 47 Vs 46 % 47 % 46 % Texas 0i1... 27 20% 20% 20% Trans,Con 011 14% 13% 14% 13% Union Oil .. 21% 20% 20% 20% White Oil .. 8 % 8 8 7 % Industrials AliedChem... 07% 07 % 67% 67% AUls Chaim.. 48% ' 48'* 48% 48 % Am. Can ... 46% 45% 40V* 45% Am. Ice 104 V* 104 104% 103 Vi Am. Linseed. 33% 33% 33% 33% Am. Woolen 88 V* 88 88% 87% Cent. Lea.... 38 38 38 37 Vi Coca-Cola ... 00 % 05 % 09% 60 Vi Cont. Can... 66 00 00 05 Kndicott-John. 79% 78 s * 78% Fam. Flys... . 81% 80 81 % 80 Vs Gen. Asphalt 00 % 05% 05% 05% Inter. Paper. 47% 45 % 47 % 45% Loews 15 15 15 14% Mont Sc Ward 22% 22% 22% 22% Nat. Enamel. 50% 49 •„ 50% 49 % Owen Bottle. 34% 34% 34% 34% Pitts. C0a1... 64% 03 04% Sears-Roebuck 75% 75% 75% U. S. Ret.-St. 00 06% 05 % 00 U. S. Cast I. 30% 28% 30% 28 % U. S. Ind. Al. 65% 53% 55 53% Worth. Pump 49 4gf % 48% 48% Utilities Am. T. &T. 120% 120% 120% 120% Brook. Trans 29 27% 28 % 26% Consol. Gas. 115 V* 114% 115 114% Col. Gas ... 86 80 80 8G V* People's Gas. 83 83 83 83 West. Union. 96% 90* 90% Shipping Am. Int Cor. 43 41 % 43 40% Am. Ship... 20% 19% 20% 18% Atl. Gulf 38% 37% 37% 37% Int M. M. pfd 73% 73% 73% 72% United Fruit. 141 139% 139% 139% Foods Am. Sugar... 79 78 79 78% Am. B Sug. 45% 45% 45% ... Austin Nieh.. 27 27 27 26 Am. Cot Oil 26% 20% 26% Corn Prod . 104% 103% 104 % 104 Cuba Cane.. 10 16 16 15% Cuban-Am. . 23% 23 23% 23 Wilson Cos 41% 40 41 % Tobaeeo# Am.-Sun, ... 4040 40 39% Am T 00... 141 141 141 Cons. fig.. . . 37 37 37 Tob. Prod. .. 80% 79% 79% 80% Miscellaneous Slocks Alaska J.... 1% 1% 1% Tenn. Cop ... 10% 10% 10% 10% Pgh W. Va 30% 30% 30% 35% Callahan ... 8% 7% 7% 7 % Davison Cb . 44% 43% 44’* 43% R J. Key. .. 45 % 45 45% 45% Reynolds S . 45 % 44 % 44% 45 Perre. Marq. 31 % 31 31 % 39% CCCSTL 73 Elec Bat 42% 41% 42% 41%

IN THE COTTON MARKET NEW YORK, June 30.—Cotton opened in the early market steady. July, 21.55 c, off 13: October, 21.50 c, off 15; December. 21.35 c, off 7; January, 20.98 c, off 23 points. t The market continued a trading affair almost solely and even traders were inclined to limit themselves in view of the approaching holiday and the report of the Government Monday. Price, fluctuations were narrow. Open. High. I.nw Close. January 20 08 21 13 20 97 21.05 March 20 92 21.04 20 85 20.95 Mat . . 20 70 20 80 20.73 20 75 Julv 21 55 21 59 21.48 21 50 O-’tober ... 21 50 21 59 21 41 21 52 December .... 21.28 21.39 21.23 21 30 . NEW ORLEANS. June 30.—Weak ! Liverpool rallies and further circulation of private estimates placing the condition of the crop at 72 por rent counteracted overnight reports of weevil depredation when the cotton market opened today Futures opened steady, off 9 to 12 points. July opening at 21.35 c, off II points; October, 21.05 c, off 12 points: December. 20.76 c: off 9 points, anil January ; 20.53 c. off 12 points. March opened late at 20.26 c, off 22' points. Futures advanced 2 to 7 po.nts at the end of the second hour of trading in a dull market. LIVERPOOL June 30.—Cotton opened easier today. Good mule 13.53d: mi,is i3.80d. Futures opened quiet. Cotton quiet; July, 12.48d; October, 12.1 id; December, 1.89d; January, 11. Sid; March. 1.67d: May, 11.95d. Open High Low ' Last July 12 780 12.7Hd 12.670 13 680 Oct 12.430 12.430 1 2 320 1 3.34-1 Jan 12.09d 12.090 11.980 11,08d March ... 11 92d 11.93d 11.850 11,54d Msy 11.740 11.740 11.71d 11.710 At 2:45: American raids, fair, 14.58d; good mils, "13.530. NEW YORK COTTONSEED NEW YORK, June 30.—Early sales of cottonseen oil totaled about 3,000 barrels. The market was rather quiet, but very steady, with prices 1 to 3 points higher. Offerings worn light notwithstanding the easier lard market, a 10 to 20 per cent decline in hogs and a lower range in cotton. Commission houses were scattered buyers, but there was no importance to the trade. Cash demand was reported slow, while English lard was unchanged at 45 shillings 6 pence, and there were no deliveries on July contracts. Scattered showers In the j cotton belt attracted a little attention and local sentiment was less bearish. The coming holiday is tending to cut down trade. N. Y. LIBERTY BONDS —Juno 30— Prev. High. Low. Close, close 1,. R. 3%9 .100.10 100.00 100.08 100.00 1,. B. Ist 4s 100.04 L. B. 2d 4s . , 09.9(7 1,. B. Ist4 % s 100.24 100.14 100.22 100.20 L. B. 2d 4V* 8 100.08 100.02 100.06 100.02 L. B. 3d 4V, lOO.lO 100.04 100.08 100.02 L. B. 4th 4Vi 100.30 100.20 100.30 100.20 Victory 4"*s 100.50 100.48 100.48 100.60 NEW YORK COFFEE NEW YORK, June 30.—CofTee opened barely steady today. July, 9.99@10c; September, 9.80 c bid; December, [email protected]: March, [email protected]. Coffee closed irregular. High. Low. Close. July 10.10 10.10 10.10 September 9.82 9.72 9.73 December 9.70 9.59 9.00 March 9.53 9.61 0.51 May 9.55 0.48 9.48 INDIANAPOLIS PRODUCE Eggs—Fresh. 18@19c. Butter— Packing stock, 17@18c. Poultry— Fowls, 16@21c; leghorn fowls, 16c; broilers, 194 to 2Vi lb. size. 36c; bro lers un,der 1% lbs., 32c: leghorn broilers at discount; cocks. 12c; stags, 12c; young hen turks, 8 lbs. and up, 28c; old tom turks. 23c; young tom turks, 12 !bs. up, 28c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 1516 c; geese, 10 lbs. and up, 12c; squabs, 11 ibs. to dozen, [email protected]; old guineas, per dozen, $3. Butter —Local dealers are paying 35 @3Gc per lb. for butter delivered in Indianj^flis. B^^^ffat —Local dealers are payinjKASlper lb. for butterfat delivered ,£&ii napoll3 -

THE INDIANAPOLIS TIMES

HOGS SELL OFF SLIGHTLY; TOP PRICE ISSII.IO Trading Is Active and Fair Clearance for Day Is Expected. RANGE OF HOG PRICES. Good Good Good : June mixed. heavy. light 23. 510.75-10.85 510.70-10.75 510.90-11.00 24 10.70-10.80 10.05-10.70 10.80-10.90 26 10.90-11.00 10.85-10.90 11.00-11.10 27. 10.70-10.80 10.65-10.75 10.85-10.00 ,28. 10.80-10.90 10.70-10.80 10.90-11.00 39. 10.96-11.10 10.85-10.90 11.00-11.15 30. 10.85-10.95 10.75-10.85 10.95-11.10 With receipts close to 8,500 for the i day, swine prices tvere slow, steady t to 15c lower in trading on the local I livestock exchange today. There was an extreme top of sll.lO on light swine, a few sold at $11.95 and the bulk brought sll. Mixed and mediums sold at [email protected] ano heavies at $10.75. Pigs brought the price of the loads and down, stags $8.25 and down and roughs $9.50 and down. The bulk of the sales for the dayranged at $10.85@11. | Trading was active, and a fait clearance was anticipated. Cattle prices were about steady, with trading rather slow, the quajity fair to good and receipts close to 1,100. Veal prices were steady with the close of the previous market. Receipts ran close to 900. the quality was fair and the demand slow. Both sheep and lamb values were steady, with receipts close to 1,000, the demand fair and the quality good. —Hogs—--100 to 150 lbs. average . . 510.95'a. 11.10 Over 300 lbs 10.76 , 150 to 300 lbs 10.76 ft 11.10 Best pigs, under 140 lb* 11 00 y, 11.10 ll.to Roughs 9.26 | 9.50 Bulk of sales 10.85(/ill 00 Stags 7.75 4ti 8.25 —tattle— Few choior steers 9.00 4* 9.05 ITimv corn-fed steers. 1.000 to 1.300 lbs 7.50® 8.50 Good to choice steers, 1.000 to 1.300 lbs 7.25 41 7.50 | Good to choice steers. 1.100 to 1.200 lbs 7.00® 7.25 i Good to choice steers. 1.000 to 1.100 lbs 6.75® 7 00 i Common to medium steers. 800 j to 1,000 lbs 0 25® 676 | —Cows ami Heifers— Few choice heifers 8.75 4t 0.35 Good to • hoioe heifers 7.86® 8.35 Medium heifers 735 it 7.85 Common to medium heifers .. 6.00® 7.25 Good to choi-e cows 6.8541 0 5 Common to good cow* 3.50® 6.50 Canners 2.50® 3 50 Cutters £.26® 3.25 —Bulls— Fancy butcher bulls .. 5 75® 650 Good to choice butcher bulls. 6 oo® 5 75 ’Bologna buils ... 3.5 >® 3.76 Light bologna bulls 3 004* 3.25 , Light common buils 3 00® 3,60 j —Calves— Choi,.-a veals 8 50® 9.00 Good veais B.oo® 8.60 Medium veals 7.no® 8.00 Lightweight veals 0 00® 650 Heavyweight veals 5 50® 0.60 Fair to medium 0.50® 7.00 —Stockers and Feed< rs— Good to choice steers under 800 lbs 5 26® 7 50 ■ Medium cows 3.50® 3.75 Good cows 4 00 41 4 05 Good heifer* 6.00 ft 7.60 Medium to good heifers .... 4.50® 6.75 Miich cows and springers 35 00® 86.00 —bherp and Luutbs— Cull ewes 1.60® 2.00 j Good to choice ewes 2.0041 4 50 Bucks 2.00® 3.30 V earlings o.oo® 8.00, Springers B.oo® 12.00 Culls 5.00® 7.00

OTHER LIVESTOCK f'ITK'AOO, June 30. —Hogs—Re oelpts 29.000; market steady to 10c lower; bulk, $9.65©10.90; top, J 11.00; heavyweight, $10.40® 10.75; medium • weight. $10.70© 10.75; light weight, $10.85® 10.96; light lights, slo.4o®' 10.85; heavy packing sows, smooth, [email protected]; packing sows, rough, $8.85© 9.30; pigs, $9.60® 10.60. Cattle —Receipts 3,500; market mostly steady to strong; canners weak;; beef steers, choice anrl prime. $9.60® 10.20; medium and good. [email protected];j gooil and choice, [email protected]; common and medium, $6.86®8 75. Butcher cattle: Heifers. $5.50© 8.60; cows, j [email protected]; hulls, $4.25@>6.50. Can ncrs and cutters: Cows and heifers,: $2.65© 4.00; canner steers, $3.50®) ; 5.00; veal calves (light and handy- | weight, $7.50@'9.00; feder steers, $5.65 j ©7.50: stocker steers, $4.75® 7.65; stocker cows and heifers, $3.25@<5.75. Sheep—Receipts 4,000; market strong to 26c higher: lambs (84 lbs. down), $12.25® 13.50; culls and common, $6.50 @11.75; yearling wethers, $8.75® 11.75; ewes, [email protected]. Ewes: Culls and common, [email protected]; breeding ewes, [email protected]; feeder lambs, $11.00; #12.30. CINCINNATI, June 30.—Hogs—Re- ! ceipts. 4,100; market, slow and 10 cents lower; all grades, $11; pigs, $10.75; roughs, $8.75; stags. $5.50. j Cuttle —Receipts, 500; market, dull; < calves, $9 down. Sheep and lambs— j Receipts, 4,300; market, steady; ewes, j $5.50; lambs, sl3. ST. LOUIS, Juno 30.—Cattle—Receipts, 1,600; market, steady; native beef steers, [email protected]; yearling steers and heifers. [email protected]; cows, $3.75® 6.50; Stockers and feeders, $5®6.50; calves, $5®9.25; canners and cutters, $2.15®3.25. Hogs—Receipts, 10,000; | market, s@>loc higher; mixed andj j butchers, $10.75® 10.85; good heavies, I $10.70® 10.76; roughs, [email protected]; lights, ; [email protected]; pigs, [email protected]; bulk, ! [email protected]. Sheep—Receipts, 3,500; market, steady; mutton ewes, $5.50® 6; lambs, [email protected]; canners and choppers, [email protected]. EAST BUFFALO, June 30.—Cattle —Receipts, 300; market, slow'; shipping steers, [email protected]; butcher grades, [email protected]; heifers, $5.50@8; cows, [email protected]; bulls, [email protected], milk cows and stringers, $25@125. Calves —Receipts, 2.700; market, slow; cull t ocholce, s3®ll. Sheep and lambs — Receipts, 600; market, slow; choice lambs, $12@13; cull to fair, $7.50® 11.75; yearlings, $6.50@10, sheep. s3® 7.50. Hogs—Receipts. 4,800; market, slow; yorkers, $11.50® 11.60; pigs, $11.50(3)11.60; mixed. $ 11.30 @ 11.50; heavy, [email protected]; roughs, sß@9, stags, ss@6. KANSAS CITY, June 30.—Hogs— Receipts, 4,000; market steady; bulk, [email protected]; heavies, [email protected]! butchers, $10.35@)10.65; lights. $10.50 @10.65; pigs. [email protected]. CattleReceipts, 1,000; market steady; prime fed steers, $8,909.65: plain to fair dressed beef steers. [email protected]; western steers. [email protected]; southern steers, $5.25„<8>8.40; cows, $2.25® 4; heifers $5.25@9; Stockers and feeders, $4.25@ 7.85: bulls. $35.2i>; calves, $4.50®9. Sheep—Receipts, vOOO^iarke^t^p^'

10.25; wethers, SS.BS@J; ewes, $4.50@ $.25; Stockers and feeders, [email protected]. CLEVELAND, June 30.—Hogs—Receipts, 3,000; market, steady to 10c lower; yorkers, $11.50; mixed, $11.40; mediums, $11.48; pigs, $11.50; roughs, [email protected]; stags, $5.50. Cattle —Receipts, 750; market, steady, 25c lower: good to choice steers, [email protected]; good to choice heifers, [email protected]; good to choice cows, [email protected]; common cows, [email protected]; good to choice bulls, $5.26(56.25; milchers, $8.35 @ 8.75. Sheep and lambs —Receipts, 700; market, $1 lower; top, sl4. Calves —Receipts, 600; Market, $1.50, Hpwer; top, sll. ' PITTSBURGH, Pa., June 30.—Cattle —Supply light; market steady; choice, [email protected]; prime, $9.25@ 9.75; good, $8.50©9.00; tidy butchers’, [email protected]; fair, [email protected]; common, [email protected]; common to good fat bulls, $3.00#6.25; common to good fat cows, $3.50#6.25; heifers, s6.oo<g> 8.00; fresh cows and springers, $3.50 @7.50; veal calves, $11.00; heavy and thin calves, [email protected]. Sheep and lAimbs —Supply, 500 head; market heavy; prime wethers, $6.75 @7.00; good mixed, $5.50(5 6.00; fair mixed, $4.50<g>5.25: culls and common, $1.004j) $3.00; lambs, $13.00. Hogs—Receipts 3.000; market 10<5>15c lower; prime heavy hogs, [email protected]; medium, [email protected]; heavy yorkers, $1.35@ 11.40: light, $ 11.35 fa i 1.40; pigs, $11.25 @11.40;; roughs, $8.00(58.75; stags, $5.00© 5.50. CURB MARKET HIGHER AT CLOSE CF BULLISH SESSION In General Closing, Figures Approach High Marks of Day's Trading. By United Press NEW YORK. June 30.—The curb closed higher today, the mnrkot .seeing a more bullish day than at any session of tlie present week. * Standard < of India! dm afternoon made 107%. but closed at 106% up 3%. In general, closing prices for Mdh oils and industrials were near tiie highs of the day's trading. The oils particularly saw a steady rise in both early and late trading. Reo Motors made anew high on the upward move and closed around 27.

HOG PRICES ARE STEADY TO DECLINE OF 10 CENTS Demand Is Brisk, Although Supply Is Ample. By United Prr3S CHICAGO, June 3o.—Hog prices were steady to 10 cents lower at the Chicago Stock Yards today. Re-eipts of 29,000 were sufficient for the medium demand of Friday, but a holdover supply of nearly 15,0f"t made the total supply considerably in <-xcess. Demand for medium and choice light stock continued, however, and the market had a strong tone. Prices were steady on the small supply of ciurie. Receipts were 3.5"0 of which most were common to fair stock, with only light demand. Big! killers received 100 of the arrivals direct. Sheep prices were 25 cents higher.. Os the 11.000 arrivals big killer.- received 7,300, and the remaining market stock was fair with -,-ood de-i mand. The total supply in the Chi-1 cago market was 2,000 lighter than] last Friday. THE WEATHER Th* following tab If* nhowa the Mat* of thn woather at 7 a m , Jan** *'U), aj observe*! by I'nit* ! Stab* Weather Bureau*. Station. Bar Temp. Weather. JndUnapnlifc ... 211.f>7 77 l*t< lily Amarillo, T'x 21*82 TO Clear Bismarck, N. D... 2!>,i*S SO Cldy Boston. Mass .'iO.Ob 7 1 Clear Chicago. lil 20.92 72 BlClOy Cincinnati, t> 30.00 7> Clear Cleveland. <> 30.00 70 Clear Denver, Colo. .... 2t*.J*2 I’tCMy Dodge City. Ka. . .. 20.82 70 Clear Helena. Mmt 20 04 5 4 Clear Jacksonville. Fla . . 30.10 78 Clear Kansas City Mo.. 20.84 7i (Tidy Louisville. Ky. ... *30.00 70 Clear Little Book. Ark. . 20.08 7> < i.v Los Angeles. Cal... 30.00 00 Cldy Mobile. Ala 30 08 HO I’tC'dy New Orleans. La... 30.04 7K PtCidy New YorK. N Y... 30.02 74 Clear Norfolk Va 30.04 70 Clear { Oklahoma City. . . 20.H0 74 Clear j Omaha. Neb 20.70 70 Cloudy Philadelphia. Pa.... 30.00 78 Clear Pittsburgh. Pa 30.00 01 Cloudy j Portland. Ore 30.3 4 54 Clear Rapid City. S D. . . 20.02 00 Cldy Kosaburg. ore 30.12 50 Clear San Antonio. Tex.. 20.06 76 PtCidy Sail FranoiS'T), Cal. 30.02 54 Cloudy St. Louis. Mo 20.02 76 Cloudy Bt. Paul, Minn 29.76 0 4 liain Tampa, Fia. ..... 30.10 Ho Clear Washington. D. C.. *30.04 74 Clear WEATHER CONDITIONS The western depression has swung eastward and its center now over the region between the Missouri and Mississippi rivers, where showers and thunderstorm s have occurred. Showers also have fallen I: t the middle and eastern <ulf and south Atlantic ; States. It is n little warmer from the! (Milo Valley northward In front of the western depression, and the reading* generally from the (treat Lakes to the (iiilf are above the normal. CORN AND WHEAT BULLETIN For the twenty-four hours ending at 7 a. m., Friday, June 30. 1922: Temperature -d C - C ® oj 5 © Stations of N M Indianapolis and c ~ District s*g £ ‘E’g H ir J £* £ yC-O tloif3 = £c South Bond i 84 (11 0 Good Atißola | 85 02 0 Good Ft. Wayne H 4 66 0 Good Wheatiled i HI 61 0 Good Royal Center ..... 84 64 0 Good Marion 86 68 0 Good Lafayette 87 68 0 Good Farmland 88 66 O Good Indianapolis 87 72 O Good Cambridge City. . . 85 05 0 Good Terro Haute 90 72 o Good Bloomington 00 66 0 Good Columbus 93 66 0 Good Vincennes 02 70 0 Good p a oli 8G 89 0 Good Eransville 00 74 0 | Good “ ~J. H. AKmTnGTON" * Meteorologist. Weather Bureau. NEW YORK SUGARS NEW YORK, Juno 30.—The Cuban raw sugar market is firmer, with sales of 5,500 bags Cubas for July shipment to an operator at 3%c cost and freight, up l-16c. Withdrawals on previously placed contracts for refined sugar continue large, and trade generally is inclined to look for a higher market. Raw sugar opened firm; July, [email protected]; September, [email protected]; December, [email protected]; March, 3.21@ 3.33 c. WHOLESALE BEEF PRICES The following are today’s wholesale prices for beef cuts as sold by the Indianapolis markets Ribs—No. 2,18 c; No. •Loins— N°. 2. ? 2. 17c:

GRAIN CLOSES LOWER AFTER RAIN REPORTS Crop Damage From Drought Overcome With Rains in Growing District. By United Press CHICAGO, June 30.—Grain prices closed lower on the Chicago Board of Trade today. More favorable weather reports, including rain in some sections of the grain belt where the drought had started to cause real crop damage and heavy receipts of the new wheat crop at southwestern markets caused the slump. The market was strong at the opening, due to the advance in Liverpool prices and a strong export demand, but the reaction set in on domestic news developments. Reports of probable settlement of the railroad strike also influenced the drop. Provisions were lower. July wheat opened up % at sl.lsVk, an delosed off ?*. September wheat opened up %c at sl.l6fi, and closed off %c. December wheat opened up >4c at sl.l8 a *. and closed up He. July corn opened up He at 62%, and closed off %. September corn opened up % at 66Vfcc, and closed off He. December corn opened up %c at 66%c and closed off %c. July oats opened unchanged at 36%c apd closed off %c. September oats opened up %c at 39%c and closed off 7 r c. December oats opened unchanged at 42c, and closed off %c. CHICAGO GRAIN TABLE —Jane 30—— WHEAT— Open. Hlgrh. Low. Close. July. . 1.15% 1 15% 1.14% 1 14% Sept . 116'* 1.17% 115% 1 15% Per . 1.18% 119% 1.18% 1.18% CORN— July . 09% (V;% .62 .02% Sept. . . 00 % .00 % .05 % .00 Dee 00% 00% 05% .05% OATS — Julv .30% .30% .37% .30% Sept. . .39 % .39 % .38 % .38 % Pee... .42 42% .41% .41% LA BP Julv. . 11.32 11 35 11 27 11 27 Sept . 11.00 11.02 11.65 11.65 RIPS— Julv . . 12 10 12.10 11.95 11.96 Sept... 11.75 11.75 11.70 11.70 RYK— July Bfl% 80% 85% .85% Sept. . 87% .87% 80% .S0 %

LIVERPOOL GRAIN j u |y— WHEAT Open Hlsrh. Low. Closp. 10s 9Vi 10* lOd 10b 9%d 10b Sept.— 10b 6VI 10b 6N and 10s 6*4 and July— CORN 2d 8s 3d 8b 2d 8a 3d CHICAGO CASH GRAIN CHICAGO, June 30—Wheat—No. 3 red, $1.15: No. 2 hard, $1.16. Corn —No. 1 yellow. 64c; No. 2 yellow. 63\c; No 4 low. 61 *.Be: No. 6 yellow, So%o. Corn N'o 1 mixed. 63%c; No. 3 mixed, 62 %r. No. 4 mixed, 62 ! 4e; No. 5 mixed, 61 1 a< - Corn —No. 2 white. 63\c; No. 3 white 63c; No. 4 white, 64%c; No 5 white. 61 %r: No. 6 white. 61c. Oats —No 3 white, 36c. No. 4 white. 35%0. Bariev —Cash. sS(g64c. Timothy—■ • 'ash, $4 ii 5. Cloverseed —Cash, slo@ 18. TOLEDO SEED AND GRAIN TOLEDO. June 30. —Wheat—-Cash and Juno. $1.18%; July, $51.16%. Corn i ash. 68 ij 69c. Oats—Cash. 41® 43c. Rye—Cash. 88c. Barley—Cash, 67c. (’loverseed —t'nsh. sl3: October and December. $10.90. Timothy—Cash, j <7.89; September. $3.10; October. $3. i Alsike- —Cash. $11.75; October. $11.85: December. $11.35. INDIANAPOLIS CASH CRAIN Bids for car lots of grain and hay at the call of the Indianapolis Board ; of Trade were; Wheat—Steady; No. 2 red, $1.04® 1.06. Corn —Firm; No. 3 white, 53'-j @s6c; No 4 white. 54%®56c; No. 3 yellow. 551% 'it F>6e; No 4 yellow. 5444®55c; No 3 mixed. 64Vs®56c;'No. 4 mixed, 53 Vi® 54c. <>ats -Steady: No 2 white, 34’%® 35Vic; No. 3 white, 33%®34%c. Hay—Weak; No. 1 timothy, sl7@ 17 50; No. 2 timothy. sl6® .’.6.50; No. 1 light clover mixed, $i0®15.50; No. 1 clover -hay, $ 14.50 @>ls. —lnspections Wheat —No. 2 red, 3 cars; No. 3 red. 3 cats; sample, 2 cars; total, 8 cars. Corn —No. 3 white, 5 cars; No. 4 white. 4 cars; No. 6 white, 2 cars; No 6 white, 2 cars; No. 3 yellow, 3 cars: No 4 yellow. 7 cars; No 5 yellow, 8 cat s; No. 6 yellow, 4 cars; No. 2 mixed, 1 car; No. 3 mixed. 3 cars; No. 4 mixed. 1 car; No. 6 mixed, 1 car; total. 35 cars. Oats—Mo. 1 white. 1 car; No. 2 white, 1 car: No. 3 white. 11 cars; No. 4 white, 5 cars; total, 18 cars. Total number of cars for day. 61. Grain prices quoted f. o. b., basisr 41 Vs-c rate to New "York. PRIMARY MARKETS —June 30— RECEIPTS. Wheat. Corn. Oats. St. Joseph 2 22 £ Chicago . . *-. 29 60t 200 Milwaukee 1 49 21 Minneapolis 245 20 40 Duluth 192 14 32 St. Louis 70 90 70 Toledo 8 8 14 Detroit 2 4 Kansan City 192 08 24 Omaha 26 84 30 Indianapolis 43 22 Totals 853 1.015 401 Year ago 910 1.000 018 SHIPMENTS. Wheat. Corn. Oats. St. Joseph 4 38 2 Chicago 694 28 06 Minneapolis 139 44 148 Duluth 174 117 St. Louts 81 o3 08 Toledo 7 10 Kansas City 203 29 10 Omaha 8 122 74 Indianapolis 34 10 Totals 1,205 400 458 Year ago 079 620 757 CLEARANCES. Wheat. Corn. Oats. New York ... 20 290 Boston - • • 274 Philadelphia 114 180 ... Baltimore ••• HO ... Totals 114 609 290 Year aifo 1.036 ..•• •. HAY MARKET The following are the Indianapolis prices for hay, by the wagon load, delivered in Indianapolis: Hay Loose timothy, $18@30; mixed hay, $lB @l9; baled hay, $lB @l9. Oats—New, per bushel, 42®45c. Corn —Both old and new, per bushe . 63 @ 68c. WAGON WHEAT PRICES Local mills and elevators today ■lre paying $1 for new No. 2 Byinter wheat. They

TERSE MARKET NOTES NEW YORK—Hudson Motor Car Company has reduced prices on several models of Hudson and Essex cars. Hudson coach, speedster and phateon p.re reduced SSO each, Essex coach SSO fend Essex Cabriolet SIOO. Prices on fether models remain/ unchanged. ! NEW YORK, June 30.—Dividends announced today included: William Cramp & Sons, ship and engine building, extra dividend of 2 per cent payable July 14 to stock of record July 16. Eureka Pipe Line Company regular $2 dividend payable Aug. 1 to stock of record July 17. Postum Cereal regular quarterly dividends of $1.25 on the common and $2 on the preferred payable Aug. 1 to stock of record July 23. Atlantic Refining regular quarterly $1.75 preferred dividend payable Aug. 1 to stock of record July 15. CHICAGO —The Cudahy Tacking Company has called for redemption under operation of the sinking fund $1,295,900 7 per cent notes due July 15. 1923. This will leave $4,204,100 outstanding. $5,795,900 having been redeemed. 1 WASHINGTON—The Wabash Railway Company applied for authority to issue $4,245,000 5 per cent eguipment trust certificates. The certificates will he issued by the Commercial Trust Company of Philadelphia and will be dated Aug. i, 1922. The carrier proposes to use the proceeds to acquire 2,800 coal cars and 1,500 box cars. Youngstown the average daily loaded car movement in this district shows an approximate 10 per cent gain in June over May, and an increase of from 16 per cent to 20 per cent varying with different carriers, for June over the same month last year. On the Ohio region of the Erie daily average this month has been 4 400 loaded cars comparing with j 4.100 ip May. Ore movement has picked up appreciably since June 15 when the freight rate reduction on this basic product became effective.

NEW YORK of the Maxwell Motors Company continues to exceed production. Lost week new orders averaged about 400 a day. This is at the rate of about 10,000 cars monthly. CLEVELAND —Stockholder* of Aluminum Manufacturers at a meeting here voted unanimously to accept the proposal of the Aluminum Company of America to lease the plans and purchase the corporate stocks and inventories. WASHINGTON —The Interstate Commerce Commission announced a! tentative valuation of the Duluth, i South Shore & Atlantic Railway Company as of June 30. 1916, at $17,987,191. MEXICAN LOAN DETAILS TO BE COMPLETED IN MEETING i Official Statement Deferred Until Obregon is Satisfied. By THOMAS C. SHOT WELL Written Especially for the United Tress. Copyright. 1922, by the United Press. NEW YORK, June 30. —Final de- j tails of the terms of the Mexican loan 1 are contidentally expected to txi settled today. When De La Huerta, representative, of President Obregon. went into con-1 sere nee with the representatives of American bankers, it was believed by i men close to the situation that before night he -would be able to telegraph j Obregon a completed proposition cov-1 erlng the loan. No official statement however, will be issued here until Obregon has approved of the proposition. No definite details have been made public as to the terms being considered Thomas Lament is chief representative of the American interests at to- j day’s conference. Both oil men and Mexican represen- i ♦atives say today that the latest out-' rages by bandits in the Tampico re j gion do not touch the major question j at issue. All look on these outrages as ! purely local and not connected with ; the Obregon government. CLEVELAND PRODUCE CLEVELAND, June 30.—Butter—j Extras in tubs, 42 (4® 43c; prime, 4314 j @44c; firsts, 40t6@41c; packing stocks, | 20®22c. Eggs—Fresh gathered. North- j ern extras, 28c: extra firsts, 27c; Ohio, I 2314 c; Western firsts, new cases. 21c. Poultry—Live heavy fowls. 23@24c; roosters, 15@16c; spring ducks, 25@ 28c. NEW YORK METALS NEW YORK, June 30.—Standard copper—Quiet: spot, offered, 13 : ‘ 8 c; July and august, 13@13%c. Lead— Dull, spot, July and August offered at 5.80 c. Spelter—Firm; East St. Louis spot, July and August, 5. 321/4 @ 5.37^c. BOSTON WOOL MART BOSTON, June 30.—Boston woi 1 prices are now ruling about 3 per: cent under the top levels of a month j ago. The price reductions have been made, it is claimed by leading op- j erators, on account of heavy prospee- j tive shipments from the West on consignments. The outlook, however, 1 is a very steady market.

*£ Men ot f Always Use £ Traveler’s nEPf Checks •■■l^CMSg Because they are as easy to use and carry as money ,% and are much "safer Travelers, motorists, vacationiots, \ business men, coumercial travelers and sportsmen. " Supply yourself before starting on a journey. Use them (• convenience and time saving. In handy denominations —$10, S2O, SSO, SIOO Farmers. JTrust Comaapy

JUNE 30, 192!

BUYING SUPPORT BEING GIVEN T| SGSHYGOOfI Slight Advances Woolen Lines Due to ] Strong Market. By United Press CHICAGO, June 30.—The Dry Goods reporter says: “The one notable feature of recent price advances is their being confined to some lines, where buying support is given. All factors feel that prices cannot be advanced abruptly. Slight advances have been made on numbers here and there in woolen line goods, due to a strong market. The week brought several price withdrawals on staple cotton goods temporarily depleted. Settlement of the strike in New York and New England mills progresses slowly. “Wholesalers are in the midst of the mid-year inventories and expect little broadening of business until after July 4, following which many expect increased interest in fall merchandise. “John V. Harwell Company reports a good increase this month in the number of merchants who have come to market. “Road business for at once and advance delivery also increased. There has been a noticeable pick up in orders from small merchants for naphed goods this fall. “Retailers are becoming more responsive to advances in the primary market. “Continued strikes make it for jobber to supply fine dress good® Cold treat ter has affected collections®

STRIKE REPORT FAILS TO DISCOURAGE RAIL STOCKS Leading Issues in Display of Strength Greater Than Industrials. BY WALTER B. BROWN, Edilor New York Commercial, Written for the United News. NET, YORK. June 30.—Notwlthstandir.g the strike threats the rail stocks gave an excellent account of themselves Thursday, the New York Centra Rock Island, SL Paul, Reading. M ssouri Pacific, New Haven and Atchison slowing up welL The activity in tho rails was well in excess of that in the industrials. Fre ght car loading for the week ending June 1‘ was the highest of the year, amounting to 880,722 cars, a gain of 14,7 70 cars over the preceding week. In the indistrial field the feature was the selliig of oil stocks for no apparent reasoThe salt witer yams in reference to the Mc-xicar oil fields were revived, but this wa- principally because they could think of nothing else. It was also suggesed that some of the selliug was for thi account of the the late lUfiliam Rockefeller, those who .new anything of such cedure resized that this was practically out of tie question. Probabij the best explanation is that the r)!s, being of a highly specu iative ch(racter, are not desirable stocks tOjbe long of over the holiday period. ! The probability is that call money •will drop back again by W 'aesday, and it wt uld not be surprising to see a reinstuement of these securities. As to (he citation of the labor union officials, as well as the railway officials 1 1 appear before the Railroad Labor "board by Saturday, it will be noted tiat there is nothing more for the bosrd to do after having made public its decision. At the time the act was passed the fact was com mented on that the board was left without power to enforce its decisions. Those responsible, however, including the late Senator Penrose, declared that the enforcement of its decision* would he left, to public opinion. Thus far this has proved effective, but there may come a time when the public will be so indifferent that the board's decision will be without effect.

We Offer 5120.000 5% City of Andersen Bonds Denomination SI,OOO Maturities 1922 to 1941 Price to Yield 4.40 1922 to 1926 Price to Yield 4.35 1927 to 1936 Price to Yield 4.30 1937 to 1941 Breed, Elliott & Harrison 109 North Pennsylvania St (Ground Floor) INDIANAPOLIS Cincinnati Detroit Chlcay*