Indianapolis Times, Volume 35, Number 59, Indianapolis, Marion County, 19 July 1922 — Page 11

JULY 19, 1922

FURTHER BROAD , ADVANCES MADE IN STOCK LIST Whole Market Responds to New High Figures of Industrials. RAILROAD GROUP IS ACTIVE Strike Reports Have Little Influence on Steel Issues. By United Financial NEW YORK, July 19.—The Wall Street Journal today says: Tuesday's new highs and the Industrials' average proved the signal for a further broad advance today in the ■whole market, which was marked by Increasing activities in the railroad group, as well as a long list of new bighs among the industrial favorites. Trade reviews pointed out that the coal and rail strikes were cutting down the production of steel, but this Intelligence had no effect on steel issues, enjoyed the broadest market of recent weeks, with special activity in Vanadium and Replogle Steels. Oil stocks were not subjected to > ny special pressure as the result of he aciton of Standard Oil of Indiana In cutting gasoline prices 2 cents a gallon. Apparently the market subordinated every immediate consideration to the outlook for a period of large industrial and railroad profits in the later months $f this year and the first half of 1923. 9 The market closed irregular. MONEY AND EXCHANGE Indianapolis bank clearings Wednesday were S3.102.000: bank debits. 56.403,000. NEW YORK MONEY By United Financial NEW YORK. July 19—Except in a few instances when loans tor sixty days were made at 3% per cent, time money did not decrease today as some expected. The reason tor tins was the sudden rise in call monev from 3 per cent to 5 per cent, but the drop to 4 per cent has sriven evidence that the rise in call rates was only due to temporary conditions of that market ana time money may 6Ull #?o lower. Loans up to 90 days are being made freely at 4 per cent, while four and five month money commands 4 per cent to 4 H P** r cent. Loans for six months are made at 4 1 * per cent. NEW YORK CURB (By Thomson & McKinnon) —July 19 — —Closing— Bid. Ask. Acme Packing 43 47 Curtis Aero, com 2Vi 5 Curtis Aero, pfd 25 26 ■f > ma . . 15 16 Boston & Montana Corp. 77 80 t.u:aneld Con 5 . . • . r.xtviision 3 4 ■ 5 >4 0 ............. 5 * 6* Standard Motors ...... 4*4 5 Tonopah Extension .... IS 1 11-16 1 1 % fcT lilted P S new 6\ 7H. >. and Heat . . 1"S 1 11-16 ; rU. S. Light and Heat pfd 1% l\ Wright-Mat in 2 6 Yukon Gold Mine C 0.... 95 100 Jerome 3 s * :• Cornelia I® 1 ’ 19H ~de 27 27 Sequoyah ••••••- * ? 13-18 Tire 50 60 ACTIVE OIL STOCKS (By Thomson & McKinnon) —July 19— —Opening— Bid. Ask. Anrlo-American Oil IS* lit Atlantic Lobos 9*2 J° Bnrne-Scrym&er 400 420 Buckeye Pipe Line 92 94 Chtsebtough Mffr. Cons 185 195 Continental Oil. Colorado ....135 145 Tosden Oil and Gas 6 12 Crescent Pipe Line 33 35 Cumberland Pipe Line ...... 135 140 Eli? Basin Pete 9* 9% Kure’ta Pipe Line 87 90 Galena-Signal Oil. com 53 55 Iliirois i-ipe Line 163 168 Indiana Pipe Line 88 90 Merritt Oil 9% 9*4 Midwest Oil 2* 3 Midwest Rig- 200 .. Natonal Transit 2o* 6* Xew York Transit 160 170 Northern Pipe Line 96 90 Ohio Oil .280 285 Oklahoma P. & R 79 90 Penr..-Mex. 34 38 Prairie Oil and Gas .......... 580 600 Prairie Pipe Line 244 248 Sapuipa Refg „ 4 Sola- Reficimr ..330 350 Southern Pipe Line 92 95 Southern Penn. Oil 19. j 205 Southwest Penn. Pipe Lines.. 62 64 Standard 0:1 Cos. of Ind 107* 108 Standard Oil Cos. of Kan.... 530 550 Standard Oil Cos. of Kv 93 Vs 03 * Standard Oil Cos. of Neb.... 18* 193 Standard Oil Cos. of N. Y 422 420 Standard Oil Cos. of Ohio . . . .440 460 Swan & Finch 35 45 Vacuum Oil ’ Washington Oil 22 28 ► MARRIAGE LICENSES Kenneth W. Beyer. Montclair. N. J.: Katie M. W. Wilmeth, 3251 College Ave. Bert J. Wrennick 1222 Laxington Ave.: Louise Smith. 407 S. Illinois St. Albert Seirrix. 2205 E. Tenth St.: Bertha Kutsch. 2437 E. Michigan St. Waiter •C. Fo ken mg. Rural Route P. Box 202; Rachel M. Paugh. Rural Route F. Box 325. Edward J. Hyland. 630 W. Fortieth St.; Florence E. Hasks, 4045 W. Byram. Roy Coplon, Montono; Flossie M. Karns, Montono. _ . Ben Hall. 136 S. Illinois St.; Jennie Pointer, Oxford Hotel. Adam Kowaski. 1007 E. Moms St.: Emma A. -Heller. 230 E. St. Joseph St. Roy A. Decker. Anderson: Neile B. Conkline 1209 N. Illinois St Joseph F. Faker. 909 Highland Ave.: Vere S. LLneenfelter. 909 Highland Ave. Paul J. Bower, 1309 Bridge St.: Helen A. Bauer, Y. M. C. A. James E. Moss. 644 Virginia Ave.: Opal C. Denny. 455 S. Keystone Ave. BIRTHS Girls Theodore and Marguerite Holtman, 607 Dorman. "cigar and Ada McCammon. 1215 Dakota. Charies and Peral Larman, 1441 S. Meridian. „ _ John and Annabelle Bowles. Dotconesa Hospital. _ Joseph and Mary Srk. 328 S. Koehne. Charles and Olive Gilchrist. 143 N. Bright. _ . F.-nest and Cecil Ball. 129 S. Oriental. Peter and Marie Hamatiier, 137 E. Raymond. Boys Chares and Raehtal Hodges. 2040 ColThoßias and Linnie Ryan, 959 E. woorS,J Robert ar Edith Bruce. 1142 Vande- "* Jeffeewm and Marion Baker. 1551 S. New C Robert and Mamie Kickols, 2151 Martin Charles and Nola Brogg. 914 E. TwenFred and Clara Schellenberg- 2110 Single[j' c- vne and Catherine Johnson. 233 N Or” s "' and Mabel Murphy. 1816 Koehne Francis and Vera Turpin. 1442 Naomi. dYaths Catherine Magde’.ene Hausen. 72. St. Vincent's Hospital, cerebral hemorrhage. Edward Burch. 29. 349 E. Norwood. Let ha Overton. 56, 22 S. Keystone, eerebr France* r E: ‘Davis. 67. 3811 E. Washington, angina pectoris. _ „ , . . Louise Fort. 24. Long Hospital, chronic parenchymatous nephritis. „ . ! Elizabeth H. Thompson. 60. ClarkKlakles.ee Hospital, chronic myocradltis. chronic Interstitial nephritis. Charles L. Black. 60. 370 8. Illinois, chronic pulmonary tuberculosis.

New York Stocks (By Thomson A McKinnon.) —July 19—

Railroads— Prev. High. Low. Close. close. Atchison ...102 101* 101% 102 At. C. Line. .108 V* 108 V 4 108* 108% B. & 0 64* 53 64* 52* Can. Pacific. 140 V* 140* 140* 140* C. & 0 70 69* 69* 69* C. & N. W. R. 77* 77 77 76* C. R. I. & P. 44* 43% 43% 44* Chi. * G. W. 9 8* 8* Del. & Hud. .123 122* 123 \ Del. & Lack. 129* 129 129* 129* Erie 17* 16* 17 16% Erie let pfd. 24* 24 Vi 24* 24* Gt. N. pfd.. 81* 80% 81* 81 111. Central. . 107 * 107 107 * K. C. South. 26 25* 26 25 Lehigh Val.. 65* 64* 64* . 64* L. & N 129* 129 129 128 Mo. Pacific.. 22* 22* 22% 22* M. Pac. pfd. 56* 56* 56* 66* N. Y. Cent.. 96% 96 96* 96 N.T.N.H.& H. 31* 31 31 i(l * North. Pac... 77* 77 77* 77* Nor.'* West..llo% 110 110* 110 Penn 44* 44 44* 44 Reading .... 75* 75 75 75 So. Ry 24* 24* 24* 24* So. Pacific... 90* 90* 90Vi 90 St. Paul 29 27* 28* 24% St. Paul pfd.. 45* 44* 44* 67* StX.&S.W. .. 29 28* 29 28* St.L.&S.W.pf.. 47* 47* 47* 47 St.L.AS.Fe R. 29* 28* 28* 28* Tex A Pacific 30 29* 29* 29* Union Pac.. .143* 142* 142* 143 Wabash 12* 12% 12* 12* Wab. pfd 32% 32 32 32* W. Pacific... 19 18* 18% 18% Robbers— Ajax Rubber 15% 15% 15% 15* Fisk Rubber. 15* 15* 15* 15% Good. Rubber 4040 40 39* Keliy-Spg ... 51 49 * 49 * 50 * K. T. A R. C. 15* 15% 15* 15* C. S. Rubber 63* 62* 62* 63 Equipments— Am. C. AP. .169* 168 168 168* Am. L0c0...118* 110* 117 117* Bald. L0c0...121V* 118* 120* 120% Gen. Electric.l77 170* 176* 176 Lima L0c0..109* 108* 109* 111 N. Y. Airbk. 82* 81 81* 81 Pressed S. C.. 82* 81 81* 82 Pullman 123 % 122 122 123* Ry. St. Spr. . 108 * 108 108 108 West. Airbk.. 93 93 93 93 West. Elec... 62* 61* 61 % 61% Steels— Beth. “A''... 75* 75 75 74* Beth. "8”... 78* 77* 78 77* Colo. Fuel... 31* 31* 31* 31* Crucible 80% 83* 86* 83* Gulf States.. 84 83* 83* 83% Laeka 77* 77 77 76* Midvale .... 86 * 35 * 36 30 Otis 12 11% 12 Replogle ... 34* 33 33* 82* Rep. I. A S.. 73* 73 73* 73 Sloss-Shf ... 48 * 48 48 48 C. S. Steel .102* 101* 101* 101* U. S. St. pfd.l2o* 120* 120* 120* Vanadium .. 50 * 47 * 49 * 47 * Motors— Chand. Mot. 70* 68% 69% 71 Gen. Motors. 14* 14 * 14 * 14* Hupp Motors 19* 19* 19* 19 % Hud. Motors. 22* 22* 22* 22* Max. Mot A. 07 06* 66* 60* Kel. Wheel.. 100 90* 100 98* Max Mot “B" 24% 23* 23* 23* Pierce-Arrow. 18* 15* 15% 19 Studebaker .139% 137 * 138* 139* Stromberg... 47 46* 47 46 Vi Stewart-War . 44 44 44 ... Willys-Over. .9 9 9 9 White Motors 48* 48* 48* ... Minings— Butte CA Z. 6* 6* 6* ... Butte Sup... 30* 29* 29 * ~9 * Dome Mines.. 30* 30* 30* ... Int Nickel... 18* 17* 18 17* Tex G and S 48 47* 47* 48 toppers— Am Smelt... 62* 62* 62* 62 Anaconda ... 53* 52* 53% jj-* Chile Copper 22* 22* 22* 22* Inspiration . . 41 * 40 * 41% 4 3

TERSE MARKET NOTES By United Financial WASHINGTON. July 19. Wholesale prices for commodities increased 1 1-3 per cent in June, against an advance of 3 * per cent in May. The June level is o% per cent above last year. By United Financial NEW YORK. July 19.—The Colorado Fuel and Iron Company for the quarter ended June 30. 1022. shows a deficit of $lB 430 after Interest, tax. sinking fund and depreciation, compared with a deficit of $431 269 for the previous quarter and a deficit of $273,752 in the same quarter of 1921. By United Financial NEW YORK. July 19. —June production of rubber tirer. is estimated to have mad anew monthly record, with an output of about 3.500.000 casings. By United Financial NEW YORK. July 19 —Mack Trucks. Inc report for ‘.he three months ended June 3 will be published in about a week. It wi make a good showing. Earnings in the second quarter were well in excess of the $255,197 net profits in the first quarter June was one of the best months in the companvs history. Operations were at normal capacity. The company is m ex eellent financial and physical condition, with no funded debt, no bank loans and more than $18,000,000 working capital. By United Financial DETROIT. July 19.—1n an effort to conserve coal, the Pere Marquette haa withdrawn ten passenger trains, and curtailed service on five others. By United Financial NEW YORK. June 19.—Prairie Pipe Line will make a voluntary general reduction of 12 * per cent in all oil pipe line rates effe.tive July 26. The reduction is made to conform with the cheaper cost of transportation for other grades of merchandise effected by the reduction in railroad rates. Approximately 200.000 barrels of crude oil are moved daily through the Prairie lines. Under the new tariffs crude oil will lie moved from Kansas and North Oklahoma points to the Atlantic coast refineries for 76 *c a barrel, as compared with 87 % o at present from south Oklahoma and north Texas points to the Atlantic coast _ for $1.09* a barrel contrasted with $1.25 the present rate. Illinois Pipe Line Company, operating in the eastern fields, is expected to reduce Us tariffs. By United Financial CHATTANOOGA, July 19.—A development In the strike situation is the distribution of strike ballots among the employes of the Southeastern Express Company. The controversy between the men and company has been of several months' duration. The Southern railway is moving but little dead freight. Passenger trains and perishable freight trains are moving. The Southern persists in not hiring strikebreakers. By United Financial NEW YORK. July 19.—The American Sugar Refining Company has advanced prices of refined sugar 10 points to 6.60 c. Arbuckle Brothers have advanced the price of hard sugar to the same figures. By United Financial NEW YORK. July 19. —More than 107,000 persons, representing $82,500,000, subscribed for the $25,000,000 6* per cent cumulated preferred stock offering of the New York Telephone Company. By United Financial WASHINGTON. July 19.—The Seaboard Airline Railway has applied for authority to Issue 82,450.000 0 per cent equipment trust certificates, dated Aug. 1. 1920. IN THE COTTON MARKET By United Financial NEW YORK. July 19.—A fair demand for cotton futures developed at the opening this morning, first prices showing a net gain of 11 to 20 points, with October quoted at 22.35 c, December at 21.18 c, January at 21.92 c. March at 21.85 c. and May at 21.74 c. The Liverpool market was slightly higher. By United Financial NEW ORLEANS. July 19.—Optimistic reports from textile trade centers forced the cotton market up today and futures were 11 to 23 points above jesterday’s close at the opening. October was up 11 points at 21.80 c: December up 19 points at 21.73 c: January up 22 points at 21.550 and March 23 points at 21.47 c. Trading was steady during the first two hours and futures were from 9 points below openine prices to 1 point above. Trading continued steady during the afternoon and futures were from unchanged to up 9 points at the close. The market closed steady. —Cotton Futures — High. Low. Close October 22.00 - 2L.7S 21.89 December 21 85 21.59 21.73 January 21 63 21.44 21.58 March 21.54 21.28 21.48 Spots remained unchanged. By United Financial LIVERPOOL. July 19.-—Cotton was quiet at the opening today, with prices steady, sales close to 7.000 and receipts around 3.000 bales, including 400 American. Futures opened quiet. Cotton closed quiet. Open. High. Low. 12:30. July 13.08 13.11 13.08 13.11 October 12.58 12.03 12.57 12.60 January 12.27 12.33 12.27 12.32 March 1221 12.22 12.21 12.31 May 12.03 12.00 12.03 12.06

Prev. Bigb. Low. Close. close. Kennecott... 37* 86* 37* 36* Miami 30* 29* 30 29* Nev Cons... 17 16* 17 10* Utah Copper 66 65 66 64 * Ray Cons ... 16* 16* 16% 16% Oils— Cal Petrol .. 62* 61* 02 61* Coeden 44* 43* 45% 43 V 4 Houston Oil. 75* 74* 74* 75% Invinc Oil .. 13* 12% 13* 13% Mex Petrol .161 161 * 167 161 Mid States Oil 13* 13 13% 13* Mex S 8.... 33* 32 32% 32* Pan-Am Pet. 74% 72* 73% 72 Pacific Oil.. 67* 56* 67* 60% Pierce Oil . . 8 7 % 7 % 8 Pro and Ref 38* 37 38 37% Pure Oil ... 29 28* 28* 28% Royal Dutch 55 % 64 * 65 * 68 % St Oil of Cal. 100 103% 104 104* S. Oil of N. J. 183 183 183 182 Sinclair 31 % 31* 31* 31% Texas Cos. ... 40 45% 4o* 45% T. Coal AO. 26* 25* 26* 26 T. Oil . 16 15 15* 16* Union Oil ..21* 21 21 20* White Oil . 8* . 8* 8* 8* Industrials— A. Chem. ..69* 68* 68% Ad. Rum. . 19 18% 19 18* A.-Chaim. ..66 *55 * 65* 55* Am. Can ... 58 66 57 * 57 A. HAL. pfd. 71 70* 71 .... Amer. Ice .111* 109* 109* 111 Am. Linseed 39 * 34 34 * 34 * A. Woolen . 92* 91* 92* 91% C. Leather . 40% 39* 40% 39% Coca-Cola ..72* 71 71* 70% Comp. A T. . 85% 64* 65* 6o Cluett A P. . 55* 55* 65* .... Cont. Can .. 71% 70 % 71% 70* En.-Johnson . 84* 84* 84% 84% Famous P. .. 83 % 82% 82 % 83 G. Asphalt .73* 71* 73 70* Inter. Paper 54* 63% 53% 53* In. Harvester.lo4* 103 103 104 May Stores.. 118* 118 118 119 Mont. AW. . 22% 22* 22* 22* Nat. Enamel. 50* 55* 58 50 Nat. Lead ..103* 102* 102* 102* Owen Bottle 36 35 35 Pitts. Coal .60* 04 65* 64* Sears-Roebuck 81* 80 80* 79* United Drug. 78 78 78 .... U. S. R 5... 66 65 65* 65% IT.l T . 8. C. I. P. 35 34* 34* 34 U. S. In. Alco. 61 58% 60% 60 Worth. P 55 52% 65 52 Woolworth ..166 105 160 163* A. Tel. AT. 121% 121% 121 % 121% B. R. Trans. 20 25* 2h* 20% Consol. Gas. 125% 124* 124* 124* Columbia G.. 94* 01* 93 90* People’s G.. . 87 80 V* 66 * 80 * West. Union 103% 103* 103* 103 Shipping— Am. Int. Cor. 44 42% 43% 43 Am. Ship A C. 20 19% 20 19% Atlantic G... 37* 30* 37* 37 In. M. Marine IP* 19 10 18* In. M M pfd. 73* 71* 72 71* United Fruit 140* 145* 145* 140 Food*Am. Sugar.. 80% 79* SO% 70* Am. Beet Sg. 46* 40 46 - ■ Austin N.. . . 27* 27 27% 27* : Corn Prod. . .106* 104* 105% I(M* Cuba C. Sg... 16% 16 10* 19 C -Am. Sugar 24* 23* 24* ~3% Wilson A Cos.. 42* 42 42* 42 Tobaccos— Am. Sumatra 39* 39% 39* ,36* A. Tob. Cos. 143 % 143* 143* 143* Gen. Cigar.. 77* 77* 77* << Tob. Prod.. .. 81 * 80* 80% 80% Miscellaneous Stocks— Am. Radiator 96 H 96 4 96 4 Term. Cooper 10 4 104 19 104 ! Pere Mara- 34V* 33 4 34 4* 34 4 I p*h. &W.V. 39 4 39 39 38 4 | C C C 4 L R Tfl 76 76 76 4 * Chino Copper 30 % 29 4 30 4 ~9 * ! Gt. No. Ore.. 40 4 39% 40 39 \ Davison C. ..48 4 46% 47 4 46 Mack Truck 5">% 54 4 >4 4 — jr

INDIANAPOLIS STOCKS —July 19— Storks Bid. Ask Ind. Ry. A Light com. .. . 67 Ind. Ry. A Light pfd 84 * ... Indpis. St. Ry 45 ... j Indpis. N. W. pfd • • • Indpis. & 8 E. pfd. 60 IT. H. T A L pfd 75 T H. I A E. com T H. I. A E. pfd 2* •• ■ U. T. of Ind. com 3 U. T. of Ind. Ist pfd 10 ! U. T. of Ind. 2d. pfd Advanoe-Rumel.v pfd 48 ... Advance-Rumely com 18 ... Am. Central Life 200 i Am. Crrosotlng pfd 94* ... •Belt R. R. com 56 ... •Belt R. R pfd. N 60* ... I- Bldg 1 o pfd ... Citizens Gas C* 20 ... Tty Service com ... ... ity Service Cos pfd ... lodge Mfr pfd ... ome Brewing 66 ... •id. Hotel com 88 ... Ind Hotel Cos. pfd 99 nd Natl Life Ins Cos 2 ... *lnd. Title Guarantee 50 ... nd Pipe Lines 80 ... ndpls. Abattoir pfd 46* ... •Indpis Gas 45 ... indpis. Tel. pfd 90 ... 'ndpls. Tel. com 1 ... Mer. Pub. Utl. pfd 50 Natl. Motor Car Cos 1 5 Pub. Savingß Ins. Cos 6 ... Rauh Fert pfd 49 ... Standard Oil of Indiana .... 107 Sterling Fire Insurance Cos. . 7 ... Van Camp. Hdw. pfd 00 ... Van Camp Prod. Ist. pfd. ... 07 ... Van Camp Prod. 2d. pfd 100 Vandalia Coal Cos. com. ... 1 5 Vandalla Coal Cos. pfd 7 12 Wabash Ry. pfd 32 ... Wabash Ry. oom 12 ... Ronds Broad Ripple 5s 62% ... Citizens St R. R. 5s 83 88 Indiana Creek Coal A M. 6s. 100 . . . Ind. Coke A Gas 0s 86 01 Indpis. C. A S. 5s 92 ... Indpis. A Martlnsvills 6s .. . 61 * ... Indpis. Northern os 46* 60 Indpis. St. R.v. 4s 05 07* Indpis. A N. W. 5s 64 69 Indpis. A 8. E. 5s ... Indpis. Shelby A S. E. 5s . .. 05 ... T. H. I. A E. os 64 Citizens Gas 5s 80* 87* Indpis. Gas 5s 80 87* Kokomo M. A W. 5s 88* 92 Ind Hotel Cos. 0s 00* ... Indpis. Water 5s 06* 100 Indpis. Water 4*s 80 . . . Indpis. T. U T. 6s 82* 80 Indpis. L. A H. os 92 93* U. T. of Ind. 0s 69* ... Mer. H. A L. 5s New Tel. L. D. 5s 97 New Tel. Ist. 6s 97 ... South. Ind. Power 6s 88* 91 •Ex-dividend. Liberty Bonds Bid. Aek. Liberty, first 3*s 100 50 101.02 Liberty, first 4*B 100 82 101.28 Liberty, second 4*B 100.30 100.83 Liberty, third 4*s 100.30 100.74 Liberty, fourth 4*s 100.82 101.28 Victory. 4*s 100.40 100.70 —Sales—--15 shares Van Camp Prod. Ist pfd. at. . 97 MOTOR SECURITIES (By Thomson A McKinnon.) —July 19— —Closing— Bid. Ask. Earl Motors 3* 3* Packard com 14 14* Packard pfd 80 87 * Peerlees 63 56 Continental Motors com 7* 7* Continental Motors pfd 92 .... Hupp Com 19* 20 Hupp pfd 105 110 Reo Motor Car 13% 14 Elgin Motors 1* 2* Grant Motors 1 1% Ford of Canada 390 400 National Motors 2 3 Federal Truck 20 22 Paige Motors 22* 23* Republic Truck 9* 10 GOOD DAY ON CURB British American Tobacco Attains a New Hi&h Record of 19H. By United Financial NEW YORK, July 19.—The curb market closed irregular today on best trading: day the market has seen during the present week. British American Tobacco, after a midday rest, started up again In the late dealings and attained a high record of 19%, carrying the registered stock to 19. also anew high. Willys first preferred came back to 30. regaining all of the loss in the recent reaction. Standard Oil of Indiana closed up, despite the announced cut In gasoline prices. CLEVELAND PRODUCE By United Financial CLEVELAND, July 19.—Butter—Extra. In tubs, 40@40*c: prime, 41(j41*c: firsts, 38@38 *c: packing stock, 33® 26c. Eggs—Fresh gathered. northern extras. 28 *c: extra firsts. 27 *c: Ohios, 24c; Western firsts, new esses, 23 *e.

THE INDIANAPOLIS TIMES

SLOW DEMANDS CAUSE LOWER PRICEJJN HOGS Trading Extremely Slow With Large Receipts and Holdover. BANGS OF HOG PBICES. Good Good Good July mixed. heavy. light. 12. $10.05-11.10 $10.75-11.00 $11.15-11.40 IS! i0.95-Tl.lo 10.75-10.95 11.16-11.35 14. 10.80-11.00 10.65-10.85 11.00-11.25 15. 10.80-10.85 10.60-10.80 11.00 17. 10.65-11.15 10.65-10.86 11.15-11.35 18. 10.85-11.00 10.65-10.85 11.15-11.35 19. 10.75-10.85 10.50-10.75 10.85-11.10 With both shipping and packing demands rather slow and receipts large at close to 10,000, swine prices were 15 to 25 cents lower in trading on the local live stock market today. Trading was extremely slow, and but few of the receipts had been sold at a late hour in the forenoon. A large holdover for the market of the following day was anticipated. There was a top of sll on lights, but the bulk of that grade brought sll. Other grades of good hogs sold at $10.50@11. The bulk of the sales for the day ranged at $10.75@11. Pigs brought the price of the loads and down, roughs $8.50 and down and stags $7.75 and down. Cattle Prices Steady Cattle prices were again slow steady to strong, the commoner kinds being s low steady and the better grades fully steady to strong In spots. Receipts for the day were again large at 1,200, but the packing demand was fair. Calves were $1 lower generally, due to lower prices on eastern markets, large receipts at 700 and a very slow shipping demand. Both sheep and lambs were steady, with receipts close to 1,200, the quality fair to good and the demand good. —flogs 100 to 160 lbs average ....$10,85011.10 Over 300 pounds 10.50 150 to 300 pounds 10.50011.10 Beet pigs under 140 lbs. ... 10.85 011.10 Roughs oo@ 8.50 Top 11.10 Bulk of sales 10.76 @ll.OO Stags 7.00 0 7.75 —Cattle— Few choice steers 10.00 010.60 ITimo corn-led steers. 1.000 to 1.300 lbs 8 50® 9.00 Good to choice steers. 1.000 to 1,300 lbs B.oo® 8.60 Good to choice steers. 1.000 to 1,200 lbs 7.60® 8.00 Good to choice steers, 1,000 to 1.100 lbs 7.26® 7.50 I Common to medium steers, 800 to 1.000 lbs 0.60® 7.25 —Cows tod Iletfers—j Few choice hellers 9.50010.00 j Good to choice heifers 8.25® 9.00 Medium heifers 7.75 0 8.25 Common to medium hellers .. 6 60® 7.50 Good to choice cows 6.75® 6 50 Common to good cows 3.76® 675 Canners 2.50 0 3.50 Cutters 2.25 0 3.25 —Bulls— Fancy butcher bulb. 625 0 5.50 Good to choice butcher bulls. 6.000 525 Bologna bulls 8.50® 3.78 Light bologna bulls 3.00 0 3.26 Light common bulls 3.000 3.60 ■" ’Calves Choice veals 9 00® 9.60 Good veals 8 50® 9.00 Medium veals 800 0 860 Lightweight veals 7 50® 800 Heavyweight veals 6 000 7.00 Fair to medium 6.60® 0.00 Top 10.00 —.Stockers and Feeder*— Good to choice steers under 800 lbs 5.25 0 7.50 Medium cows 3 50® 3.75 Good cows 4.00® 4.65 Good heifers 0 00® 7.50 Medium to good heifers .... 4 500 575 Milch cows and springers. . . 35.00085.00 —Sheep ami Lambs— Cull ewes 1.50® 200 Good to choioe owes 2 50 0 6.00 Bucks 2 00 0 3 30 Yearlings 6.00® 850 Springers 9 00013.00 Culls OTHER LIVESTOCK By United Financial CHICAGO. July 19.—Hogs—Receipts. 2.600; market. 15®25c lower; top, $lO 90; bulk of sales. $8.50010.75: heavy weight, $9.90010.40; medium weight. $10,300 10.75; lightweight, $lO 70010.80, light lights. $10.40010.75: heavy packing sows, $8.1008.90: packing sows rough, $7.65® 8.25; pigs, $9.75010.50. Cuttle—Receipts. 11.000; market, strong; choice to prime, $10010.85: medium and good. $8.15010: common, $708.15: good and choice. $8.90 010.40; common and medium. $8.900 8.90: butcher cattle and heifers. $6,159: cows, $3.90 0 8.15; bulls. $4.2506.00: canners. cutters, cows and heifers. $2 6003.90; can her steres, $3.5005.25; veal calves. $8.5009.75: feeder steers. $5.8507.76: stocker steers. $4.75 0 7.03; stocker cows and heifers. $3.5005.76. Sheep-—Receipts, 15,000; market, 25c lower; lambs, sl2 25® 13.35: lambs, culls and common. $7.50012; yearling wethers, $8.75 011.60: ewes, ss® 7.35; cull to common ewes. $2 04.75. By United Financial CINCINNATI, July 19.—Hogs—Receipts. 4.200: market, slow steady; heavies, SIOSO 0 10.85: mixed. $11; mediums. $11.10: lights. $11.15011.25: pigs. $lO 50; roughs, $8; stags, $5.25. Cattle—Receipts. 1,300; market, lower; bulls, steady: ealves. sll down. Sheep and lambs—Receipts. 8,000; market, steady; ewes, $7 down: choice lambs, $13.50; seconds. $8.5009; culls. $4 @O. By United Financial KANSAS CITY, July 19.—Hogs—Receipt*. 4.000: market, steady: bulk. $9.85010.30; heavies, SIOOIO 30; butchers. $9,500 10.50; lights, $9.65010.15; pigs. $10.15® 10.35. Cattle—Receipts, 8.000; market, steady; prime fed steers, $9.50 010.30; plain to fair dressed beef steers, $7.50® 9.05: estern steers, $7.25 0 9.60: southern steers. $5®8.00; cows, $2.2507.25: heifers, $5.2509.00; Stockers and feeders, s4® 8; bulls. $2.4006 25; calves. $4.5000. Sheep—Receipts. 3.000: market, steady: lambs, $11.75® 13.50; yearlings. $6.50® 7.75: wethers, $9.25 011.75; ewes, $8.50® 10.50: stockers and feeders. $5®7.50. By United Financial CLEVELAND, July 19.—Hogs—Receipts, 3,000: market, steady: yorkers, $11.05: mixed. $11.50; mediums. $11.25; pigs. $11.65: roughs, $8.50: stags, $5.50. Cattle —Recolpts, 700; market. 15®250 lower; good to choice steers. $9.25 00.50: good to choice hellers, $6.25 07; good to choice cows, $4.25®5.25: fair to good cows, $3.25 04.25: comon cows, $2.5003.20: good to choice bulls. [email protected]; milchers. $35075. Sheep and lambs —Receipts. 300; market, steady; top. $1,350. Calves—Receipts. 300: market, slow; top, $11.50. By United Financial EAST ST. LOUIS. July 19. —Cattle—Receipts, 4,500: market, slow; native beef steers, $6.75010.25: cows, [email protected]: stockers and feeders, $3.5007: calves. $8.50 @9.75: cows and heifers, $2.2503.26. Hogs —Reoeipts. 9,000; market, 15®20c lower; mixed and butchers. $10.50010.90: good to heavy. [email protected]: rough. [email protected]: light, $10.50@11: rigs. slo@ 10.76; bulk. $10.76@ 10.90. Sheet —Receipts. 600: market. steady; ewes. [email protected]; lambs, 50c@ $3: wool lambß. $lO 012.75. By United Financial EAS TBUFFALO. July 19.—Cattle—Receipts, 425; market, slow; shipping steers. $8.75® 10.50: butcher grade . [email protected]: cows. $2.60 @6.50. Calves—Receipts, 550; market, slow, 50c lower; culls to choice, $4 @10.50. Sheep and lambs—Receipts. 800; market, steady: choice lambs, $13®14: cull to fair, $7012.60: yearlings, S7@ll; sheep. $3 @B. Hogs—Receipts, 2,400: market, slow. 10c lower; yorkers. $11.75011.90; pigs. $11.75011.90; mixed, $11.60011.75; heavies, $11.15 @11.40; roughs, $8 @8.75; stags. ss@o. INDIANAPOLIS PRODUCE Eggs—Fresh. 19® 20c. Butter—Packing stocks. 18® 19c. Poultry—Fowls, 16 ® 20c; leghorn fowls. 16c; broilers. 1* to 2* lb. size, 34c; broilers under 1* lbs.. 12c stags. 12c: young hen turks, 3 lb. turks, 12 lbs. up. 28c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 15c: geese, 10 lbs. and up, 12c: squabs. 11 lbs. to dozen, $6: old guineas, per dozen, $3. Butter —Local dealers are paying 37® 38c per lb. for butter delivered in Indianapolis. Butterfat—Local dealers are paying 36® 38c per lb. for butterfat delivered In Indianapolis.

HEAVY WHEAT MOVEMENTS TO SLACKDEMAND Reports From Northwest, With Cable News, Add to Bearish Feeling. By United Financial CHICAGO, July 19.—Grain prices closed irregular on the Chicago Board of Trade today. Increasing heavy movements of wheat, with a light demand from exporters, pressed prices off l@2c. Reports from the Northwest to the effect that wheat will be ready to cut by the end of the week added to the bearish sentiment. Foreign news also was bearish. Com Fairly Active Corn was stronger and prices about %c higher on fairly active buying by houses with eastern connection. The export demand heavier. Oats had no independent strength and declined fractionally, mostly in sympathy with wheat. Provisions were higher. July wheat opened off ->ic at $1.13%, and closed off l*c. September opened off %c at sl.ll* and closed off 7 *c. December opened off %c at $1.13% and closed off %c. July corn opened unchanged at G2c and closed up lc. September opened unchanged at 63%c. and closed up Vic. December opened unchanged at 61 *c and closed up %c. July oats opened unchanged at 34%c and closed off Vic; September opened up Vic at 36 *c and closed off %c. December .opened off Vic at 59Vic and closed off Vic. CHICAGO GRAIN TABLE —July 19— By United Financial WHEAT— Open. High. Low. Close. July... 1.13* 1.13* 1.11 112 Sept... I.ll* 1.12 110* 1.10% Dec 1.13% 1.14 1.12% 1.13 CORN— July... 62 63 01 * 63 Sept 63% 64% 63% 64% Dee 61* 01% 60% 61% OATS July... 34% 34 * 33 % 34* Sept 36* 30* 35% 35’* Dec 39* 39* 38* 38% LA RD—•July 11.95 Sept.. 11.15 11.20 11.10 11.17 RIBS—•JuIy 10 8e Sept.. 10.75 .10,80 10.72 10 80 R YE—— July... 83* 83% 83* 83* Sept... 81* 81% 81* 81% Dee. . . 83* 84 83% 84 •Nominal. CHICAGO CASH GRAIN By United Financial CHICAGO, July 19.—Wheat—No. 1 red. $1.13*. No. 2 red. sll2*: No. 3 red $1.12*; No. 2 hard $1.14 No. 3 bard. $1.13*. Com—No. 1 yellow, 64*e: No 2 yellow, 64 *c; No. 3 yellow. 64c; No. 4 yellow, 63 *e; No. 5 yellow, 62 *c: No (I yellow. 02c. No. 3 mixed. 64 *c; No. 3 mixed. 63 *c: No. 4 mixed. 63c; No. 0 mixed. 02e: No. 4 wh'lte. 03c; No. 5 white. 62 %e; No. 6 white. 02c Oats— No. 3 white, 34 *c: No 4 white, 83*e.. Rye—No. 2. 86c. Timothy—Cash. $4 05. Cloverßeed—Cash. 510018. TOLEDO SEED AND GRAIN —July 19—— By United Preee TOLEDO, July 19.—Wheat Cash. 91.14%: July and September. $1.13: I>e cembttr. $1 10. Corn—Cash. 73c. Oats — Cash. 42 *c. Rye-—Cash. 86c. Barley— Cash. 40c. Cloverreed —('ash. $13.00: Oc tuber and December. sll 10. Timothy'— Cash, $2.70: September. $2.87* October. $2 77*. Alslke-—Cash and August. $10.50; October and December. 510.60. INDIANAPOLIS CASH GRAIN —July 19— Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: WHEAT—No 2 red. 91.01 @1.02*. CORN—Firm. No. 3 while. 69*0 60c: No 4 white. 68*@69c; No. 3 yellow, 00® 0O*e: No. 4 yellow, 59@59*e; No. 3 mixed. 68*@ 59c No. 4 mixed, 67*@580. OATS—Steady; No. 3 white. 34*@35e; No. 3 white, 33 * @ 34c. HAY' —Weak; No. 1 timothy. sl7.® 17.50; No. 2 timothy. $lOOl6 50; No. 1 light clover mixed. $15015.60; No. 1 clover hay. $14.50015. Now hay quotable at $2.60 @3 Under old. —lnspections WHEAT —No. 1 red. 1 car; No. 2 red. 37 cars; No. 3 red, 17 cars: No 4 red. 8 cars; No. 3 mixed. 3 cars Total. 60 cars. CORN—No. 2 white. 1 car. No. 3 white. 3 cars; No. 4 white. 3 cars; No 5 white 1 car: No. 3 yellow, 1 car; No. 4 yellow. I car; No. 6 yellow. 2 care: No. 6 yellow. 3 cars: sample yellow, 1 car; No. 4 mixed, 1 car. Total. 10 cars. OATS—No. 2 white. 3 oars: No. 3 wh:te. 2 cars; No. 4 white. 2 cars Total. 7 cars. RYE—No. 1, 1 car; No. 2. 4 cars: No. 3. 3 care: No. 4, 2 cars. Total, 10 cars. Total number of cars for day. 99 Grain prices quoted f. o. b. basis 41 *c rate to New Y’ork. PRIMARY MARKETS (By Thomson & McKinnon) —July 19— Receipts Wheat. Corn. Oats. Stou- City 28 000 46,000 24.000 gLci°,r h /. 600.000 643.000 200.000 Milwaukee. 1.000 J 8??,? %2'nan Minneap .. 245.000 30.000 3 I ncut Duluth 111 000 72.000 4.000 St. Louis!. 1!503)00 64.000 Toledo .... 35,000 5000 4 000 Detroit ... 2.000 2,000 £.OOO Kan Cltv 342 000 00.000 13,000 Peoria ... 47.000 18.000 54.000 Omaha ... 174.000 84.000 20.000 Indpis. ... 186.000 74.000 _ 44.000 Totals . . .1.893.000 1.164.000 689,000 Year ag0..3,174,000 572,000 6.7.000 Shipments Wheat. Corn. Oats. Sioux City . .... 3000° 38° 00 St. Joseph 10,000 43,000 • • Chieaso 33 000 on,ooo 175,000 Milwaukee*. e'ooo 66,000 35.000 Minneap . 05,000 96.000 Duluth . .. 3.000 St Louis! 170.000 99.000 9,000 Toledo 7.000 ‘'a'nnti Kan. City. 258.000 6R °°° ,!•?? Peoria 12 000 42.000 45,000 Omaha !! 18 000 130.000 68 000 Indpis. H.OOO 30000 Totals 602 000 603.000 699.000 Y>ar ago! 1.207.000 806.000 387.000 Clearings Wheat. Corn Oattv New York. 295.000 152.000 128,000 Boston ... 136.000 238.000 Philadel 103.000 Baltimore . 16.000 69.000 Totals 447.000 502.000 128.000 ySS aii! 664.000 128.000 103.000 CORN AND WHEAT BULLETIN For the twenty-four hours ending at 7 a. m., Wednesday. July 19, 1922: Temperature S§ 5 ® Stations of K _ Indianapolis ob District jv Sj ftfg 25? Ji* t Ji’O a t. £ p 5 3- Izl uS2 South Bend 79 I 57 0 1 Good Angola 78 156 0 Good Ft. Wayne 78 158 0 ...... Wheatfield 82 I 51 0 1 Good Royal Center ... 80 1 54 01 Good Marlon 80 155 0 Good Lafayette 82 I 58 I 0 1 Good Farmland 83 I 53 I 0 I Good Indianapolis .... 81 I 62 I 01 Good Cambridge City ..|BOI 54 I 0 Good Terre Haute ... I 84 I 60 I 0 1...... . Bloomington ... 87 I 56 I 01 Good Columbus 86 j 55 I 0 1 Good Vincennes 87 I 68 i 0 1 Good Paoli 82 I 56 i 0 1 Good Evansville I 84 I 06 I 0 I Good : J. H. AJtMINGTON. Meteorologist. Weather Bureau.

OIL REFINERS IN CUT FOLLOWING STANDARD DROP United Financial Forecast Confirmed by Lower Gasoline Prices. BIG DEVELOPMENT IN CRUDE Future Production Depends on Affect of Changed State of Market. By IV. H. GRIMBB, United Financial Staff Corretpondenf. NEW YORK. July 1RL —Other refiners today were following, or were expected to follow shortly, the action of Standard Oil of Indiana in cutting gasoline prices 2 cents a/gallon and refined oil prices 1 cent, j Sinclair already has /'met the Standard cut and a similar announcement by other refiners is orily a question of a few hours. Standard Oil of Louisiana cut gasoline in Arkansas 1 cent a gallon. j The cut in gasoline prices was predicted by the United Financial Service last Monday, when (announcement of crude oil cuts of 25 (Jents a barrel followed each other swiftly. While leading oil men deprecated the talk of a cut in gasoline, they Yyere forced to it by the physical fact of a large overproduction of crude, Which forced another cut of 25 cents in crude after the j original cut was announced. Refiners Follow Drop While refiners are following the j gasoline drop, crude oil producers, j who have not already acted, ore an- I nouncing further drops In the price of their product. The cut in the price of gasoline is the development in the crude oil sit- . uation. which affects the consumer most directly and is therefore most interesting to him. YVhether it is the most significant development is doubt- j ful. however. The Dow Jones Flan- , clal Agency today carries a short item ! from Youngstown to the effect that j the independent steel companies j throughout the Mahoning Valley are substituting oil for coal as a fuel j wherever this is possible. , Since coal striking became almost an annual epidemic, manufacturers of various lines and railroads In the oil producing regions have turned to oil \ for fuel. Both coal operators and min j ers can read that fact and take note j that each strike is lessening their market. Any considerable turning to oil by steel companies would, of course, soon < ut into the record; crude surplus and offer a way for the producer td dis pose of his product. It would halt any further drop in gasoline. How ever, such a development is a matter of months and not days. Depends on Production The Immediate future of crude oil prices will depend on production. If the 50 cents a harrel reduction does not result in a cutting down of production. another cut of 25 cents a barrel is likely. From Wyoming today cams word that all grades of Wyoming crude oil had been reduced 25 cents a barrel. From Shreveport came the news that Standard of Louisiana had taken sim- ; ilar action with respect to North Louisiana and Arkansas crude, and that Criilf Refining had followed suit. Although the reduction was anticipated, top price for Haynesville crude oil under the new schedule is $1.60 and for Caddo Homer, El Dorado and De Soto crude $1.75. I Pine Island heavy oil is cut to $1 a barrel and Bellevue to 75c. Stand- ; nrd Oil and Louisiana Oil Refining j are the only buyers running Bellevue j Oil, though the National Oil Company j is one of the largest producers and shippers from that field handling its own production. The cut is the first change in the local crude prices since April 20 and is expected to be followed by another ] of the same amount in the next week | or ten days. Pennsylvania Crude and all other eastern grades have been reduced 25 cents, except Corning, which remains at $1.60. Further signs of exhaustion of the Toteco Azul fields In Mexico are con- j tained in dispatches from Tampico, j so that territory probably will add I less and less to crude oil supplies. BUYERS MADE HAPPIER Announcement of Woolen Prices Means Cuts by Smaller Mills By United Financial NEW YORK, July 19. —The price announcement of the American Woolen Company has put buyers In a dis tinctly happier frftme of mind and now many are predicting that sharp cuts will be made when the smaller mills hold their openings. Manufacturers say the object of j American Woolen in naming their fig j ures was the desire to keep mills in operation. Despite the new figures, there has been no rush of buying at the American Woolen opening, but the best opinion is that buying will broaden. The next important opening of the big company will Vie that of the worn en’s wear department. Improvement in the cotton goods lines is slight. The question of prices is still the most bothersome. RAW SUGAR MARKET By United Financial NEW YORK, July 19.—Cuban raw sugar sold at 3 9-160 cost and freight Tuesday, up 8-1 Oc and anew high for the year. An operator bought 4,000 or 6,000 bags for the second half of August shipment at this There was moderate buying of Cubae for July loadings at 3.33® 3.36 c f. o. b. terms. Acadia Sugar bought 11.500 bags of San Domingos prompt at 3.52 c c. 1. f. Halifax. Raw sugar opened steady.

GRAVEL AND SAND CONTRACTORS Will make money buying 42 lots we havo In Braden's Riverside Addition, west of Bluff road. 3 lots with rented houses regular Income. Terms, 1-3 cash, balance 1 and 2 years. Mortgage Investment Cos. 423 Fletcher Am. Bank Bldg. Phone RI Ism 1550.

CROP REPORTS SHOW BETTER GRAIN YIELDS Corn Improves, While Winter Wheat Harvest Makes Good Progress. By United Financial WASHINGTON, July 19.—The Government's weekly crop weather report today shows condition for crops dur-

THE BASEMENT Sale of Fur and Fur Fabric Coats Savings of 25% to 33V^% For Women, Misses and “Stouts” Plush Coats $ 10:§5 Os silky plush, with collar ot i coney, Karami or self material. j W A marvelous value in coats of J 1 jErf good appearance and warmth. sk Saving of more than 25%. Plush Coats. 40-inch plush coats, with handsome collars of molene and raccoon, natural, black, ringtail and KtS Australian opossum; also self collars. 33 1-3% saving. !> Plush Coats $39:22 For “stouts;” designed to pro- (f Hl\ duce slender lines. Made of rich, Fm l/l lustrous plush, satin lined; trim- / / mings of black and natural opos- f~/t _ sum, also stone marten. 25% saving. LAPIXEX PLUSH COAT—Long Ain ffA coat trimmed with moufflon 40-INCH PLUSH COATS—Of serviceable pltsh, with coney fur collars; about rfQ pvp* 33 1-3% saving JpO. | J INTERLINED PLUSH COATS—Rich, lustrous plush coats; opossum and molene collars, <£o 4 CA 30% saving •• EXTRA SIZE PLUSH AND CONEY COATS, trimmed with natural and black opossum also stone marten opossum, satin or silk lined, 33 1-3% saving CARACUL PLUSH WRAP—Taupe Afl fox trimming **..*)i JiVU FINE SEALINE FUR COAT—Of d*OQ *7jexcellent quality <OO/e I O

Genuine Palm Beach Suits For Men and Young Men Sale tfQ AC Price Regulars, stouts, shorts, longs; all $8.96.

$5.00 and $6.00 Men’s Trousers, $2.98 An Extra Pair With Your Coat ar.d Vest Good, serviceable, all-wool fabrics, including all-wool blue serges, ’excellently tailored to stand hard wear. Patterns to match suits, as well as good, durable, all-wool work trouser*. Sale price, ?2.98. MEN’S WHITE FLANNEL TROUSERS, all wool; $8.50 quality GENUINE PALM BEACH MEN’S TROUSERS 83.85 MEN’S KHAKI TROUSERS 81.00 The Wm. H. BLOCK CO.

It Is Easier On Savings Cent of Your Income Farmers Trust Cos. 150 East Market

DUESENBERG MOTOR STOCK 415 LEMCKE BUILDING

I BUY AND SELL

ing the past week generally favorable. Cotton crop was favorably affected by weather in nearly all sections of the belt. Cora improved during the week 1* most of the Important corn-growing States. Heavy damage occurred in the lowlands of the northwestern por tion of Missouri during the flood of the previous week. Harvest of winter grains progressed during the week in the elevated western districts and more northern sections of the country. Weather in general was favorable In the spring wheat belt, except In the more western positions. The quality of the early oats is re ported as generally good In lowa, but with only a fair yield.

Mohair Suits For Men and Young Men ■ $11.95 Regulars, stouts, shorts, longs; all 8H95.

11

Newton Todd