Indianapolis Times, Volume 35, Number 60, Indianapolis, Marion County, 20 July 1922 — Page 10

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STEELS AND RAIL STOCKS FOLLOW PREVIOUS GAINS Industrial Demands Equal Best This Year, and Standards Cos Better. GRASP NEW OFFERINGS Persistent Selling in Motors Fails to Unsettle List of Others. By United Financial NEW YORK, July 20.—Th? Wall Street Journal today says: Encouraged by further new high above the Industrial average on Wednesday and continued indifference of stock prices toward developments in the labor situation, operations for the rise went ahead in many sections of the market on the New York Stock Exchange today. With a background of a good investment demand for good railroad and industrial bonds, which was as pronounced as at any time since the first of the year, new highs on the current move were achieved by such standard stocks as United States Steel common, Baltimore & Ohio and Pennsylvania Railway. One conclusion follows the major idea In which securities have ignored the coal and rail strike from the inception of these difficulties. It is that the present abundance of funds seeking investment and the outlook for a steady unfolding of trade activities are factors which so far outweigh the labor perplexities that the aggregate wisdom of the business world, represented by the trend in the stock and bond market has seen fit to overlook strike troubles. demonstration of the platora of money awaiting placement in standard securities, could be furnished than the appetite for new offerings. With such a foundation, groups working in individual stocks experienced little difficulty in advancing their favorites. Crucible Steel, Gulf States Steel. Mexican Petroleum. I. nited Drug, United States Realty and other issues in which distribution is not particularly wide were featured at various times during the session. Some rather persistent selling, such p.s Studebaker and other stocks in the motor group, failed to unsettle the general list, and the main drift of prices continued upward practically throughout the day. Money ran up to 4% per cent just before the close, after holding at 4 per cent most of the day. Selling pressure was renewed against the Pierce-Arrow issues during the last hour, the preferred breaking to anew low at 29and the common at 14%. Studebaker also reflected large sell ing orders, but these were absorbed without any serious reaction. Despite heaviness of motors, the general list held well and prices in many of the day's features closed near the best levels. Total snles of stocks for the day were 756,000 shares. MONEY AND EXCHANGE Irdianspnlia bank rleannxs Thursday were V 3.355.000; bank debits. $4,970,000. NEW YORK LIBERTY BONDS —July 20— Prev. High. Low. Close close. L B 3%s 100.06 100.76 100.96 100.76 L B. Ist 45.. 101.10 100.90 101.10 100 70 L B 2d 4s 100.38 100.06 LB Ist 4%5.10120 100 96 101 20 100.88 L B. 2d 4 >45.100 80 100.54 100.80 100.54 J B 3d 4 Us. 100.68 100.50 100.62 100 48 L b" 4th 4% a. 101.29 100 98 101.16 100.98 Victory 4%5..100.53 100.54 100.56 100.06 MOTOR SECURITIES (By Thomson At McKinnon.) —Juiy 20— —Closing— Bid. Ask. harl Motors •*** J* 4 Packard fom-- 3 Continental Motors oom * * Continental Motors pfd 90 9a Hupp pfd. .- I®* 1 ®* U?,, Reo Motor Car 13 13/ Elgin Motors 1% Grant Motors Ford of Canada #9O *4OO National Motors 2 Federal Truck 20 2* Paige Motors Republic Truck 9Vs 10 NEW YORK CURB MARKET <By Thomson & McKinnon.) —July 20— —Closing— Bid. Ask. Acme Packing 4# 47 Curtis Aero, com 2Va JJ Curtis Aero, pfd 25 28 Boston A Mont 15 Boston & Mont. C 76 80 Goldfield Con 6 Jumbo Extension # 4 Kirby Oil 5% 0 Nipissingr 5V* Standard Motors ....... 444 5 Salt Creek *?* lo % Tonopah Extension IN J 11-1 Tonopah Mining IN 1 United P. 9. New 6 % 7Vs U. S. Light and Heat IN 1 11-16 u. 9. Lhrht & Heat pfd... IN IN W rtght-Martin 2 6 Yukon Gold Mine Cos. ... 90 91 Jerome 314 3 N New Cornelia 18 Vi 19 % United Verde 27 % 27 % pequoyah 31 Omar Oil I % 1 13-16 Rep. Tire 50 55 ACTIVE OIL STOCKS (By Thomson & McKinnon.) —July 20 — —Opening— Bid. Ask. Anglo-American Oil 18% 19‘a Atlantic Refining 9V4 10 Borne-Serymeer 400 402 Buckeye Pipe Line 92 94 Chesebrough Mfg. Cons 185 195 Continental Oil. Colorado ...185 145 Cosden Oil and Gs 6 12 Crescent Pipe Line 33 35 Cumberland Pipe Line 135 145 Elk Basin Pate 9V4 9% Eureko Pipe Line 87 90 Galena-Signal Oil, Pref. ...100 105 Galena-Signal Oil. Com 52 54 Illinois Pipe Line 163 168 Indiana Pipe Line ........ 88 90 Merritt Oil 9% 9% Midwest Oil 2 % 3 Midwest Rig 200 .... National Transit 25% 26 V 4 New York Transit ........160 170 Northern Pipe Line ...... 96 99 Ohio Oil 280 285 Oklahoma PAR 7 9 Fenn.-Mex 34 38 Prairie Oil and Gas 580 600 Prairie Pipe Line ...........244 248 Sapuipa Refg 3% 3% Solar Refining 330 350 Southern Pipe Line 92 94 South Penn Oil 205 215 Southwest Penn Pipe Lines .. 62 64 Standard Oil Cos. of Ind. ...109 109 >4 Standard Oil Cos. of Kan.... 530 550 Standard Oil Cos. of Ky 93 V 4 94 V 4 Standard Oil Cos of Neb 185 195 Standard Oil Cos. of N. Y 420 425 Standard Oil Cos. of Ohio ...440 460 Swan A Finch 35 45 Vacuum Oil 415 425 Waehington Oil 22 28 NEW YORK METALS By United Financial NEW YORK. July 20.—Copper—Quiet: spot and August offered 13.50 c. Lead— Quiet: spot and August offered. 5%e. Spelter —Steady: East St. Louis, spot and Septamper, 5.70 c bkL

New York Stocks (By Thomson A McKinnon.) —July 20—

Railroads— Prey. High. Low. Close. close. Atchison ...101% 101 Vi 101% 101% At. C. Line . 108 V* 108% 108% 108% B. & 0 55Vi 54% * 54% 54% Can. Pacific. 140% 140 V 4 140% 140 % c. A 0 69% 69 69 69% C. A N. W. R. 77 % 76 V 4 76 V 4 77 C. R. I. AP. 44 43% 43 Vi 43% C. AG. W... 9 9 9 9 Erie 17 16% 16% 17 Erie Ist pfd. 24Vi 24 24% 24% Gt. N. pfd... 81% 81 81% 81% 111. Central. .107% 107 Vi 107% 107% K. C. Bouth.. 25 Vi 25 Vi 25% 26 Lehigh Valley 64% 64% 64% 64% L. & N 129% 128 128 129 Mo. Pacific.. 22% 22% 22% 22% M. Pac. pfd. 56% 66 56 56% N. Y. Central 96 95% 96 96% N.Y.N.H A H.. 31 30% 30% 31 North. Pac.. 77% 77% 77% 77% Nor. A West..llo% 109% 109% 110% Penn 44% 44 44% 44% Reading 75 74% 75 75 So. Ry 25% 24% 25 24% So. Pacific... 00% 90 90 90% St. Paul 28% 27% 27% 28% St. Paul pfd.. 44% 44% 44% 44% St. L. A S. IV. 28% 28% 28% 29 StX.AS.W.pfd. 46% 46 46 47% StX.AS.FeRy. 28% 28% 28% 28% Tx. A Pacific 20% 29% 29% 29% Union Pac. . .143 142% 142% 142 Vi Wabash 12% 12% 12% 12% Wab. pfd 32 31% 31% 32 Fisk Rubber. 15% 15 15 15 Vi Goodrich Rub 40 39 % 4040 Kelly-Spgfld .50 49% 49% 49% Keystn T A R 15% 13% 13% 16% U S Rubber. . 62% 62% 62% 62% Equipments— Amer C A F.168% 16S 168 168 Amer L000..117% 116% 117 117 Bald Loco ..121% 118% 119% 120% Gen Elec ..178 177 178 176% Press Stl Car 81% 81 81 81% Pullman ...122% 122% 122% 122 Ry Stl Spgs. .107% 108% 107% 108 Westhse Elec 62% 61% 61% 61% Steels— Beth “A"... 76 76 76 76 Beth “B” 79% 78 79 78 Colo Fuel ... 32 32 32 31 Vi Crucible .... 88% 85% 86 86% Gulf States.. 86% 84 85% 83% Lackawanna . 78% 76% 78 Vs 77 Midvale 37 % 36 Vi 36 N 36 Otis 12% 12% 12% 12 Replogle .... 35 33 % 33 % 33 % Rep lAS.. 76% 73% 74% 73% Sloss-Sheff. . . 49% 48% 49% 48 U S Steel... 102 % 101% 101 % 101% U S Steel pf. 120% 120% 120% 120% Vanadium .. 50 % 49 49 40 % Motors— Chandler Mot 70 68% 68% 9N Gen Motors. 14N 14% J4H J* S Hupp Motors 19% 19% 19% 19 * Hudson Mot. 22% 22% 22% 22% Max Mot -A” 66 64% 64% 00 „ Kelsey Whl.loo 100 100 100 Max. M. "B” 23% 22% 23% 23% Pierce-Arrow 16 N 13% J3N J? Studebaker .138% 136% 137% 138% Strombf*rgr .. 4ttTs 46 S. Warner . 44% 43 Vi 43% 44 W. Overland 0 8% J < White M. ..48% 48Vi 48% 48 i Minings— Eutte C. A Z. 29 % 29% 29 % 20% Butte S. .. 29% 29% 29% 29% Do. Mines . 30% 30% 30% 30% Int. Nickel. 18% 17% 18 1§ T. Gas AS. 47% 47 * 4.% 47% Coppers— A. Smelting . 62 Vi 61% 62 7 * 62 % Anaconda ... 53% 53% 53% 53* Chile Copper 22’ 22% 22% ~~% Inspiration . 41% 41% 41% 41 '* Kennecott . . 37 36 % 36 % 3 < .* Miami 30% 30 30 30 JOBBERS ARE CALM Indifferent to Reports Mills Are Sold Out. By United Financial NEW YORK. July 20.—Dry goods jobbers refuse to become alarmed over the announcement of some mills that they are sold up on certain lines, which they have withdrawn from the market. In such a case the jobbers believe the withdrawal of goods will be speedily replaced by similar lines from other mills. Despite arrival of many buyers in New York the dry goods sales are not speeding forward to any great extent. Many jobbers are among the buyers and they seem content to look around, size up the situation and after placing a few tide-over orders, await the period of stabilization of the cotton goods industry. One of the greatest unsettled factors is the size of the cotton crop. Despite evil reports and a bad start, it is felt on the basis of private statistics that the crop may be larger than yet reckoned, which would bring an appreciable slump in the price of raw cotton. This would bring lower fabric price*. This situation is holding back naming of prices by mills and business is done in most cases at a tentative price. The railroad strike is reported aj holding away from this market many jobbers who had planned to come here. IN THE COTTON-MARKET By United Financial NEW YORK. July 20.—The cotton mar ket today after opening quiet and steady, being off 6 to 1 up, turned active and rallied on buying by Wall itreet. New Orleans, wire houses and Japanese induced by the reported heavy rains ill the Eastern belt. Tha South and Liverpool sold. At about the end of the first haJf-hour futures had gained 5 to 15 points. Following initial advances, prices eased off in the second hour under realizing atul scattered selling due to private advices of beneficial rains in parts of central Texas Options was about unchanged to up 14 points. COTTON FUTURES —Cotton Futures — Open. High. Low. Close. January 22.00 22.22 22.00 22.14 March 21.88 22.20 21.88 22.10 May 21.74 22.05 21.74 21.95 July 22.28 22.40 22.18 22.28 October 22.30 22.54 22.30 22.38 December .... 22.25 22.45 22.22 22.33 By United Financial NEW ORLEANS. July 20.—Futures were steady at the opening of the New Orleans cotton exchange today, prices being from 12 points below yesterday's close to 5 above. October opened at 21.75 c, off 12 points; January at 21.62 c. up 4 points and Marcn at 21.50 c up 5 points. Trading continued steady during the first two hours, being from 3 points off the opening to 12 points above. By United Financial LIVERPOOL, July 20.—Cotton showed a better spot demand at the opening today on Improved business. Prices were steady with sales close to 8,000 bales, and receipts around 14,000 bales, including 5.800 American. Futures opened quiet. Cotton closed steady Open. High. Low. 12:30 July 13.14 13.18 13 14 13.15 October 12.07 12.71 12.60 12.67 January 12.35 12.38 12.34 12.36 March 12.28 12.28 12.25 12.25 CURB CLOSES IRREGULAR Oil Stocks Suffer Mildly At Closing Hour. By United Financial NEW YORK. July 20.—The curb market today closed irregular, with ofl shares off slightly and industrial stocks holding firm. Speculative interest was at a low ebb in the afternoon period, with tsocks holding a position near the highs of the day. | Lower priced oil stocks suffered a mild reaction just prior to the dull period. A considerable amount of Allied Packers new stock changed hands at 10, but despite the extent of the buying the price was not pushed through that figure. Packard Motors acted best of all stocks in that section moving' up to the recent high of 15. Another new bond issue made its appearance in the form of Che Republic of Peru external Bs, Maturing In 1932, which opened at 100 m.

Prey. High. Low. Close. close. Nevada Cons. 17 17 17 17 Utah Copper 65% 05% 65% 60 Kay Cons. . 10% 16% 18% 16% U. S. Smelt. 41 41 41 Oils— Cosden 44% 43% 43% 43% Houston Oil 70 % 76% 78 74% In. Oil 13% 13 13% 13% Mex. Petrol .173 167% 168% 107 M. 8. Oil 13% 18% 13% 13% Mex. S. B. . 33% 32% 32% 32% P.-A. Petrol. 75% 73% 74% 73% Pacdflc Oil . 57% 56% 50% 57% Pierce Oil . 8 7% 7% 7% Pro. A Ref. 38% 37% 38 38 Purs Oil ... 29 28% 28% 28% Royal Dutch 56 55 % 56 % 55 % S. O. of Cal. .104% 103% 104% 104 St. Oil of NJ.183% 183 183 183 Sinclair 31% 81% 31% 31% Texas C 0.... 46 % 45 % 45 % 45 % T. Coal A Oil. 28% 26 26 26% Tran-Cn. Oil 15% 15 15 15 % Union 0i1.... 20% 20% 20% 21 White 0i1... 8% 8% 8% 8% Industrials— Allied Chem. 68% 68% 68% 68% Adv. Rumely 18% 18% 18% 19 Allis Chalmers 5% 54% 64% 55% Am. Can. ... 57% 60% 50% 57% Am.H AL pfd.. 71% 70% 71 71 Am. Ice 11l 111 111 109% Am. Linseed. 34% 34% 34% 84% Am. Woolen. 92% 91% 91% 92.4 Cent. Leather 42 40% 41 40% Coco-Cola ... 73 71% 71% 71% Cont. Can... 71% 70% 70% 71% End. Johnson 85 84 Vi 84% 84% Fam. Players 82% 82% 82% 82% Gen. Asphalt 73% 72 72% 73 Inter. Paper. 53 % 53 53 53 % Inter. Harv.,105% 103% 105 103 Loews 15% 15% 15 % May Stores..ll9 110 119 118 Mont. A Wrd 22% 22 Vi 32% 22% Nat. Enamel. 55% 55 55% 58 Nat. Lead... 105 102 102% 102% Owen Bottle. 36 35 % 30 35 Pitts. C0a1... 05% 63 65 65% Sears Roebk. 81% 80% 80% 80% United Drug. 82 78% 80% 78 TJ. S. Rt. St .66 64% 64 % 65% U. 9. C. I. P. 35% 34Vi 34% 34% U. S. In. Alco. 60% 59% 59 % . 60% Worth. P ... 54 % 53 53 55 Woolworth.. 107% 167 167 16b Utilities— A. Tel. AT. 122 131% 121 Vi 121% B. R. Trans. 20% 28 26 25% Consol. Gas 124% 123 % 123% 124 % Columbia G.. 94 % 93% 93% 93 People’s Gas 87 86% 86% 86 % West. Union. J. 06% 104 105% 103% Shipping— Am. In. Cor. 44% 42% 43% 43% lA. Ship AC. 21 19% 20% 20 At. Gulf.... 38 37 37 % 3. % In. M. Marine 19% 19% 19% 19 I In. M. M. pfd 73Vs 72 73 72 1 United Fruit 146V* 145% 146% 140% Foods— Am. Sugar.. 80% 70% 79% 80% Am. Beet Sg. 46% 48 Vi 40% 40 ; Am. Cotton O 27% 27Vi 27% ■■ • ■ C-ra Prod. . .106% 105', 10r>N 10..N C ba C. Sg.. 16N 16% 16% 10% Cuban-A. Sg. 24% 24 % 24', 24 * Wilson A Cos 4*% Tobacco*— Am. Sumatra 39 39 \ 39 \ 39 Am. Tob. Cos. 143 142% 143 143% ! Gen. Cigar.. . 78*) 151* L* ? Tob. Product* 81 80 80% 80 Miscellaneous Stocks — . Tenn. Cop... 10 *4 10 % 10 \ \0 L, ( Chino Copper 30 -9 % 30 30 *4 Gt. No. Ore. . 40% 80S 39 H 40 Pere Marq., . 33*4 33 *4 33 V* 34 V* pgh. Sc W V. .39 38% 38 % 39 Davison C . 47 *4 4fi \n 46 Vs 47 L* R J Rey. <B I 46 Vs 16 Vs 46 H 4H S Rey- Springs •_ 44 % INDIANAPOLIS STOCKS —July 20— Stocks Bid. Ask. Ind. Ry. A Light com. ... 67 Ind. Ry. A Light pfd 84 % Indpis. St. Ry 45 ... Indpis. N. W. pfd •-• Indpis. A S. E. pfd. 00 T. H. T A L. pfd 75 T HI A E com T. H. I. A E. pfd 2% . ; U. T. of Ind. com ■ • 3 !U.T. of Ind. Ist pfd . 10 I U. T. of Ind 2d. pfd. . 6 1 Advanee-Rumely pfd 48 ... Advance-Rumely <om 18 ... Am. Central Life >2OO ... Am. Creosoting pfd 94 % >, .. •Belt R. R. com 68 ... •BeitMt. R. pfd. N 50% ... Century Bldg. Cos. pfd ... Citizens Gas Cos 20 ... City Service com ... City Service Cos. pfd ... Dodge Mfg. pfd ... Home Brewing 65 ... Ind. Hotel com 88 ... •ind Hotel Cos. pfd 09 ... Ind Natl. Life Ins Cos 2 ... •Ind Title Guarantee 50 ... md. Pipe Lines 86 ... Indpis. Abattoir pfd 46% ... •Indpis Gas 45 ... Indpis Tel. pfd 90 ... Indpis Tel. com 1 ... Mer. ' c.b Utl. pfd 50 Natl. Motor Car Cos. I 5 Pub. Savings Ins. Cos 6 ... Rauh Fert. pfd 49 ... Standard Oil of Indiana . . 107 Sterling Fire Insurance Cos . 7 ... Van Camp. Hdw. pfd 90 ... Van Camp Prod. Ist. pfd. ... 07 Van Camp Prod. 2d. pfd 100 Vandalia Coal Cos. com. ... 1 6 Vandalia Coal Cos. pfd 7 12 Wabash Ry. pfd. . 32 Wabash Ry. oom 12 ... Bonds Broad Ripple 5s 62 % Citizens St R. R 5s . 83 88 Indiana Creek Cua! A M 6s 100 . . Ind Coke A Gas 0s 80 91 Indpis. C. A S. 5i 02 Indpis. & Martinsville 5s . 61 % ... Indpis. Northern 5s 46% 50 Indpis. St. Ry 4s 65 67% Indpis. A N. W. 5s 54 59 Indpis. A S. E. 5s ... Indpis. Shelby AS.E. 5s ... 65 T. H. I. A E. 5s 04 Citizens Gas 5s 80% 87% Indpis. Gas 5 86 87% Kokomo M. A W. 5s 88% 92 Ind. Hotel Cos. 6s 90% ... Indpis. Water 5s 98% 100 Indpis. Water 4%s 80 Indpis. T. A T. 5s 82% 86 Indpis. L. A H. 5s 92 03% U. T. of Ind. 6s 59 % Mer. H. A L. 5s ... New Tel. L. D. 5s 97 New Tel. Ist. 6s 07 South. Ind. Power 6s 88% 91 •Ex-dividend. LIBERTY BONDS RISE Seaboard Ail'lino and Southern Rail Are Active. By United Financial NEW YORK, July 20.—Liberty first and fourth 4%b, the investment leaders among the Government issues, again went above previous highs in trading today. The first 4%s outstripped the fourth 414 b for the first time, going to 101.26, while the fourth 4%8 stopped at 101.20. Seaboard Airline and Southern Railway bonds were in the van of active rail issues Seaboard gold 4s went to 46 and the Southern Railway general 6%s to 102%. Two new bond issues also were active among the rails. New York Central 5s were ranged between 96 and 97. These bonds seem low at this figure, when the position of New York Central as an earner is considered. The same is true of Northern Pacific os, which sold around 97. Industrial bonds tended higher, but without any particular leader, although Consolidated Gas convertible 7s sold at 124% during the day. These bonds are holding firm as time nears for their conversion. Bond sales today totaled $13,866,000, agc'nst $14,456,000 yesterday. CHICAGO STOCKS (By Thomson A McKinnon) —July 20Open. High. Low. Close. Am. Ship. , . 72 Ar. A Cc. pfd 08 Vi 08% 98 Vi 98 Vi Ar. Leather. . 12 Vi .... .... .... At L. pld.. 86 % .... Case Plow.. 0% 6% 6 (1 C C A C R pfd 6Vi C Elev B pfd 7 7 6% 6% C. Edison .. .130% 130% 130% 130 Vi D. A Cos. pfd 77 Earl Motors. 3 % Libby-McNetU 2% 2V, 2 2 Mont. Ward.. 22% 22% 22% 22% Pick A Cos.. . 25 % Pig. Wig. (A) 41 % 41% 41 41 Quaker Oats. 97% ... .... .... Reo Motor.. 13% 13% 13% 13% Stewart-W.. .. 44 44% 43% 44 Swift A Cos. 101 % 101% 101% 101% Swift Inti.. 19% 19 % 19% 19% Thom (J R) 52% 52% 52 62% Temtor C(A) 1% U. Car. A C. 57% 58 57% 67% Wahl 60% 60% 60 60 Wrigley 105 106 104 104% Yel. Taxi. . ■ 70% 71% 70 71%

* THE INDIANAPOLIS TIMES

SWINE PRICES DWINDLE WITH SLACK DEMAND

Cattle Receipts Equal Sales, While Prices Remain Near Old Levels. RANGE OF HOO PRICES. Good Good Good July mixed. heavy light. 13. $10.95-11.10 $10.75-10.95 $11.15-11.35 14. 10.80-11.00 10.65-10.8 11.00-11.25 15. 10.80-10 85 10.00-10.80 11.00 17. 10.65-11.15 10.65-10.85 11.15-11.35 18. 10.85-11.00 10.65-10.85 11.16-11.35 19. 10.75-10.85 10 60-10.75 10.85-11.10 20. 10.75-10.85 10.60-10.75 10.85-11.00 With receipts around 8,000 fresh and 2,000 stale, both shippers and packers displaying slow demands and other of the principal markets of the country lower, swine prices were very spotted in trading on the local live stock exchange today. Light Bwine were steady generally, but other grades were weak to 10 cents lower in spots. Trading was extremely slow during the entire forenoon, and again a large holdover was anticipated. Cattle prices were slow, steady to weak on the commoner grades and steady to strong on the better kinds Receipts of close to 800 were suffi cient for the demand of the packers Receipts were fair in quality generally. There were but few stale cattle in the pens. Calves were fully steady to strong, with receipts approximately 800, the quality fair to good, the shipping demand more brisk than on the pre vious day and eastern markets showing a little more stability. Sheep prices were steady and lamb values weak to 50 cents lower, with receipts around 800, the quality fair and the demand none too good. —Hoc*—100 to 150 n>B. averac© $10.85 & 11.00 Ov*r 300 pound* 10.50 150 to 300 pound* 10.50 4J1.50 Beet pige under 140 lb 10.75 <311.00 Roughs 8.00 @ 8.50 Top 11.10 Bulk of sale# 10.75^113.00 Stags 7 00 7.75 Cattle >■ Few choice steers . 10 00®10.50 Prune corn-fed steers. 1.000 to 1,300 lbs 8.50 C 8.00 Good to choice steers. 1.000 to 1,800 lb* 8.00 0 8.50 Good to choice steers. 1.000 to 1.200 lba 7.500 8.00 Good to choice steers. 1,000 to 1.100 lbs. 755® 7.50 Common to medium stser*. 800 to 1,000 lbs 6.50® 7.35 —Cons and Heifers— Few choice heifers 9.50610.00 Good to choice heller* 8 25Q 9 00 Medium heifers 7.76 * 8.25 Common to medium heifer# .. 6.607.50 Good to choice cows 6.76 ii 0.60 Common to good cows 3.76® 6 75 Canners 2 60® 3.60 Cutters 2.26 (a 3.25 —Bull#— Fancy butcher bull* 6.25® 550 Good to choice butcher bulls. 6.00® 525 Bologna bull* 3.60® 3.75 Light bologna bull# B.oo® 3.25 Light common bulls 3.00® 3.50 —Calve*— Choice venls 0 00® 10.00 Good veals 8.60@ 9.00 Medium veals B.oo® 8.60 L.ghtweight veals 7.60® 800 Heavyweight veals 6 00® 700 Fair to medium 5.60® 6.00 Top 10.00 —Stockers and Feeders— Good to choice steers under 800 lbs 5 25® 7.60 Medium cows 3 60® 3.76 Good cow* 4.00® 4.06 Good heifers 6 00® 750 Medium to good heifers .... 4 50® 575 Milch cow* and springers... 36.00®85 00 —Sheep and lasnihs Cull ewes 1 60 ® 2.00 Good to choice ewe* 2.60® 5.00 Bucks 2.00® 3.30 Yearlings 6 00® 8.50 Springers 9.00® 13.00 Culls OTHER LIVESTOCK By United Financial CHICAGO, July 20.—Hogs-—Receipts, 20. 000; market, steady; top, $lO 85; bulk of sales. $8.35® 10.76; heavy weight. sP.B3sf 10215: medium weight, $10.25® 10.7,■: lightweight. -flO.TO'u 10 80 light light. $10.40010.75; heavy packing sows. s'jX 8,75; packing sows rough. $7.60®8 1u: pigs, $9.50® 10.60. Cattie—Receipts, 10, 000; market, steady: choice and prime, slo ® 10.85; medium and good. $8.15® 10; com mon, s7® 8.15; good and choice, $8 00® 10.40; common and medium. $0.00®8.00; butcher cattle and heifers. $5.164t 8.85; cows, $3 90® 8.15: bulls $4.25® 8.60; can ners, cutters, cows and heifers, $2.0003.90; canner steers, ss® 5.26: veal calves, $8.75® 9.50; feeder steers, $3.65®7.75; Stocker steers. $4 75® 7.65; stoeker cows and heirers, 33.50® 5.76. Sheep—Receipts, 17 000; market, steady: lambs, $12.50013.50: lambs, cull and common. $7.50® 12.00: yearling wethers. $8.76® 11.60: ewes, ss® 7.85, cull to common ewes, $2®4.76. P.y United Financial CINCINNATI. July 20. —Hogs—Receipt*. 3,900; market, light grades strong; others, weak; heavies, $10.25 ® 10.76; mixed, $10.85011; mediums. $11.10011.15. light*. $11.26; pigs. $10.50; roughs. SB. stags. $5.25. Cattle —Receipts, 1.200; market, steady to weak; bulls. steady; calves, $lO down. Sheep and lambs—R> ceipta. 4.600: market, steady: ewe*. $7 down; choice lambs. $1.3.5*); seconds. $8.60 ®9; culU. $4 06. By United Financial EAST BT. I .ours. July 20.—Cattle —liecelpts, 3.500: market, slow steady; native beef steers. $6010.25; yearlings, steers and heifers. $3.75010.25: cows. $3.7600: slockers and feeders, $3 900 7; calves. sß® 9.25; cows and heifers. $2.2503.50. Hogs —Receipts, 10.000: market, weak to 10c lower; mixed and butchers, $10.40010.80: good to heavy. $10010.40: rough. $0.75® 8.50: light. $10.66 010.00: pigs. $0.75® 10.05; bulk, $10.65010.85. Sheep—R celpts, 4,000; market, steady: ewes. s6® 6.60; lambs, 60e®$3: wool lamba, $12013. By United Financial KANSAS CITY. July 20.—Hogs—Re celpts. 4,000; market, strong 5c up: bulk, $9.00 010.85: beavips, $9.05 010.20; butchers, $10010.40; lights, $10.20 ® 10.45: pigs. $9.50010.50. Cattle—Receipt*. 4,000; market. $4.60: prime fed steers, $0 76010.50; plain to fair dressed bsef steers, $7.5009.75; Western steers, $7.2500.75; Southern steers. SSOB 75; cows, $2.25® 7.15; heifers, $5.25 09.60; Stockers and feeders. $4 08.25; bulk, $2.40 ®6.26; Calves $4.60 09 Sheep—Receipts. 4,000: market. 26c lower; lambs. $11.60® 13; yearlings, $8.500 10.50; wethers, $6.50 @7.75; ewes, $6 07.50; etockers and feeders, $9.25011.25. By United Financial EAST BUFFALO. July 20.—Cattle—Receipt*. 375; market, sloiv and steady; shipping steers. $8.75 010 50: butcher grades. $7.500 8.50; cows. $2.600 6.25. Calves— Receipts. 450; market, slow and steady: culls to choice, $4 010.50. Sheep ancl lamb*—Receipts. 000; market, weak, steady; choice lambs, sl3 013.50: cull to fair, $7 012.75: yearlings, $7 011: sheep, $3 0 8. Hogs—Receipts. 2 000; market, slow, 23@40c lower; yorkers. $11.50; pigs $11.50; mixed. $11.25 @ 11.40: heavies. $10.76 011: roughs, $8 0 8.50; stags, SSO 6. By United Financial CLEVELAND, July 20 —Hogs—Receipts, 3,500; market 26c to 60c lower- yorkers, $11.25; mixed. $11.25: mediums, $11; pigs. $11.25; roughs. $8.50; stags, $5.50. Cattle —Receipts, 600; market dull; good to choice steers, $9.25 09.50; good to choice heifers. $0.250 7: good to choice cows. $4.2605.25; fair to good cows, $3,250 4.25: common cows, $2.500r3.75: good to choice bulls, $6 0 5.75: mllchers, $35 075. Sheep and lambs—Receipts. 600: market, 60c lower; top, sl3. Calves—Receipts, 350; market, lower; top, $10.50. RAW SUGAR MARKET By United Financial NEW YORK. July 20. —Cuban raw sugar made anew high for the year Wednesday at 3%c cost and freight. Export refined sugar is about 4.60 c c. f. a. s.. anew year s high and up 10 points on the day. It Is said that it is difficult to place orders even at this price. Raw sugar opened firm.

WHEAT CLOSES STRONG AFTER DULL TRADING Chicago Grains End Irregular as Export Demand on Com Holds Steady. By United Press CHICAGO, July 20.—Grain prices closed irregular on the Chicago Board of Trade today following a session of fractional fluctuations and dull trading. Fairly heavy buying by previous sellers gave wheat considerable strength at the close, prices advancing fractionally above the opening levels and about lc over the day’s low. Decreased demand for com from the exporters held the market about steady despite some buying by focal traders. Oats continued dull and quiet, prices fluctuating during the day, In sympathy with other grains. Provisions were higher. July wheat opened up %c at $1.12% and closed up %c. September opened up %c. at $1.11% and closed up %c. December opened up %c at $1.13% and closed up %c. July corn opened up %c at 63%c and closed off %c. September opened up %c at 65%c and closed off %c. December opened up %c at 61 %c and closed off %c. July oats opened unchajiged at 34%c* and closed off %c. September opened unchanged at 36%c and closed unchanged. December opened unchanged at 38%c and closed up %c. CHICACO GRAIN TABLE —July 20— By United Financial WHEAT— Open. High. Imw flm* 1 July... 1.12% 1.13 111% 1.12% Sept... 1.11% 1.12% 1.10% 112 Dec. . . 1.13% 1.13% 1.12% 1-13% CORN— July 63% 63% 02 % 63 Sept. ... 04% 64% 04% 04% Dec. ... 61% 61% 61% 61 % OATS— . July.... 34 *4 34 % 33 % 33 4 Sept. .. 35% 30 % 35% 35% Dec 38% 39% 38% 39 LARD — July... U.lft 11.25 11.12 11.22 Bept . 11.30 11.32 11.17 11.33 RIBS— July... 10 87 10.90 10 85 10.90 Sept 1083 10.90 10. SO 10.90 RYE— July 83 '4 84 % 8.3 % 84 % Bept 81% 82% 81 % 82 Dec 83% 84% 83% 84% CHICAGO CASH GRAIN By United Financial CHICAGO. Juiy 20—Wheat—No. 2 red. $1 12 % ; No. 3 red. $1 11%. No. 2 hard. $1.14%; No. 3 hard. $1.14%. Corn—No. I yellow. 65c; No. 2 yel ow 1 . Cue; No. 3 yellow. C4%e: Nu. 4 yeliow. 04 %c: No. 5 yellow, 03 %e: No. 6 yellow, 03c; No. 1 mixed. 05c: No. 2 mixed. 64 %c: No. 3 mixed. 04 %c: No. 4 mixed. 04c; No. 5 mixed, 63 %c: No 6 mixed. 62 %c; No. 2 white. 66c: No. 3 white 64 %<•: No. t white. 04c: No 5 whitp, 03%<-. No and white, 63c. Oat*—No. 3 white. 45 %c: No • white. 33 % ® 35c Barley*—Cash, 61® 08. Timothy—Cash. s4® 5. Cloxcrseed Cash. SIOQIB. TOLEDO SEED AND GRAIN By United Financial TOLEDO. Julv 20. —Wheat—Cash, $1,15: July, $1.14; September, $1 14%; December. $1.10%. Corn—-Cash. 73c. Oat* —Cash, 40 %c. Rye—Cash, 80 %c. Barley—Cash. 06 %e. CloTerseed—Cash. sl3: October and December, sll 15 Timothy—Cash. $2 70 September, $3 Os. Octolier and December. *2.95. Alsike —Cash. August and October. $lO 50 December, $lO 75. INDIANAPOLIS CASH GRAIN —July £o— for car lot* of grain and hny at tin call of the Indianapolui Board of Trad* VN heat—Firm. No. 2 red, $1.02® 1.04. Corn—Firm: No 3 white, No 1 white. 60U 5D Ljr: No. 3 yellow, BO*4 (ft tile; No 4 yellow, 50'j yCOc; No. 3 mixed, 59 00c; No. 4 mixed, Oat*—Steady; No. 2 white, 34H<tf35c; No 3 white, 33 4£ 340. Hay—Weak; No. 1 timothy. sl7® 17.50. No. 'Z timothy, slt "ft 10 50: No. I light clover mLxrd, $15.50; No. 1 clover hoy, $14.50 & 15. New hay quotable at under old. —lnspection# Wheat—No, *’ red. 37 cars: No. 3 red 1 I cars; No 4 red 2 oar* No V hard. 1 oat No. 1 ffrixed. I oar: No. 2 mixed 1 car Sample, 1 ear Total, 57 cars. Corn —No. 1 white. 1 ear No 3 white 8 cars: No 2 yellow, 1 car; No. 3 yellow. I cars: No 4 yellow, 8 ears; No 5 yellow. ■’ cars: No. H yellow, 3 cars: No. 3 mixed. Z cur* No. 4 mixed. 1 car. No. 5 nuxed, 1 car Total. 31 earn. Oats—No. 3 white, 7 care: No. 4 white. 1 oar; sample white, 1 cor. Total. i care Rye—No. 2, 1 car; No. 3, 2 cars Total. 3 care Total number of car* for day. 100. Grain prices quoted f. o. b. basis rate to New York. PRIMARY MARKETS (By Thomson A McKinnon) —■ —July 20— RECEIPTS Wheat Corn OMs Sioux City . 17,000 32,000 22,000 St. Joseph. 53.000 31.000 Chicago - 434,000 388.000 193,000 Milwaukee. 1,000 6.000 118,000 Minneapolis 153.000 11.000 37,000 Duluth .. . 95,000 97,000 22,000 St. Louis 146,000 159.000 82.000 Toledo .... 39.000 6,000 4.000 Detroit ~ . 4,000 8,000 Kansas City 454,000 48.000 14,000 Omaha . 158,000 100,000 54.000 Indianapolis 80.000 22.000 14.000 Totals .1,040,000 904,000 008.000 Year ago 2.874.000 521,000 607,000 SHIPMENTS Wheat Corn Oats Sioux City. 2.000 52.000 32,000 St. Joseph . 4,000 46,000 Chicago .. 249.000 597,000 116,000 Milwaukee 6.000 151,000 75,000 Minneapolis 83,000 103,000 122,000 Duluth .. . 67.000 9t Louis 111.000 113,000 75,000 Toledo 3.000 Kansas City 165,000 65,000 14,000 Omaha .. . 60,000 120,000 70,000 Indianapolis 8.000 13,000 12,000 Totals .. 747,000 1,203,000 510,000 Year ago 1,065.000 445,000 301,000 CLEARANCES Wheat Corn Oats New York. . 106,000 3,000 Boston 123.000 Phlladel. .. 179,000 34,000 Baltimore. . 41,000 369,000 135.000 New Orleans 168,000 Totals . . 493.000 403.000 258.000 Year ago 123,000 94,000 50,000 OIL CUT IS GENERAL Standard Oil, Louisiana, Makos Second Reduction. By United Financial SHREVEPORT. I-a„ July 20 Standard Oil of Louisiana has made its second cut of 25c a barrel In all grades of north Louisiana and Arkansas crude oil. Bellevue crude was the sole exception, remaining at 75c. The second cut was met by the Gulf Refining Company, but Texas Pipe Line has not yet made either reduction. Gasoline has also been reduced lc a gallon to 25c retail and 22c tank wagon, preserving a 3c margin, lc of which represents State tax. Under the second cut in crude. Bellevue and Pine Island heavy oils are on a par at 75c; Caddo light, ranging from [email protected] a barrel; Homer, $1 @1.50; Eldorado, [email protected]; Haynesville, [email protected]; Bull Bayou, $1.25@ 140; De Soto, $1.50, and Crichton. $1.26.

EXPECT SMALL INCREASES IN COALOUTPUT Buyers Doubt That Armed Mine Protection Will Better Conditions. SCRAMBLE FOR STOCKS Manufacturers and Utilities Hampered in Activities by Shortage. By W. B. ORIUES, United Financial Staff Correspondent. NEW YORK, July 20.—Coal buyers apparently have little hope that production will be substantially Increased by the reopening of mines under protection of State and Federal troops as suggested by President Harding. Their attitude is clearly shown by numerous reports from scattered souroea today which show that there is a rush to grab available stocks. One of the first results of this rush has been to knock out the price achedule fixed by Secretary of Commerce Hoover In conference with coal operators. As long as there was hope of a settlement of the coal strike, buyersi held off in hope that a quick resumption of mining would take care of their needs. As soon as this hope died buyers hurried into the market offering a premium for coal. Stocks wer* low and this condition was aggravated by the fact that the railroad strike hampered the movement of the coal produced at the non-union mtnes. According to the weekly review of the Coal Age there has been a scramble for coal in which the Hoover price list has been completely outdistanced. Western Kentucky coal is quoted at $6.25 a ton, a dollar higher than last week, with signs that It will go still higher. Meanwhile the steel industry has been forced to curtail operations because of lack of coal. The condition in the Northwest is reported critical, as the dock* at the head of the lakes have only 1.500.000 tons as compared with 4.342.000 at this time last year. Manufacturers, public utilities, lake carriers and retail dealers are reported clamoring for coal and dealers in this district report stocks extremely low. From Philadelphia comes the word that bituminous coal of Pool Ten quality is quoted at $5.25 to $6 a ton against $4 25 a few days ago. At present there seems to be three sources of supply: The non-union fields which have been producing about 6.000,000 tons a week. Reopened union mines whose production is an unknown quantity, al though the best opinion is that it will be very small for some timo at least. Supplies from Great Britain. American interests have bought 60,000 tons of gas coal, according to reports from New C'astle. The one big hope for coal now seems to be that the shortage will cause pressure on the Administration to take effective steps to bring mines back into production, even though those -teps are of the most radical nature. CHICAGO HOGS STEADY Hold-over Keeps Supply I p to Demand. ftp T'niied Financial CHICAGO. July 20. —Fresh arrivals of 29.000 hogs were under expectations and prices held steady compared with yesterday's averages at the Chicago stockyards today. A hold over of 3.972 made the total market supply about enough for the demand, however, and buyers picked the offerings to suit their needs. Cattle prices were steady generally. A few choice steers, however, ranged about 5c higher than yesterday. Receipts of 10,000 were sufficient for the moderate demand, hut moat of the run was common stock, which went at medium figures. The total supply at the ten big markets was posted at 30.500. against 55.000 last Thursday. Steady prices continued on the big run of sheep. Arrivals of 17,000 were a little ahead of the demand, but killers relieved the market by taking about 2,000 direct from other markets. The ten principal markets posted a total supply of 38,000. compared with 25,500 a week ago. CORN AND WHEAT BULLETIN For the twenty-four hours ending *t 7 r. m., Thursday, July 20. 1922. Temper-1 | at ire | Stations of „s' _• Indianapolis s3| -ej District fi-S •e ° £ ITov j •esc II lllhllltf South Fend' .... 80 165 I 0 Good Angola 70 j 56 j 0 1 Good Ft. Warne 78 I 00 I 0 I-••••.*• Wheatfleld 83 152 I 0 Good Royal Center .... 80 ■ 56 I 0 Good Marion 80 !61 I 0 Goo£ Lafayette 83 j 61 I 0 Goo Farmland 80 165 i 0 Good Indlanapotte ... 79 I 64 I 0 Cambridge City . 79 |55 I 0 (?ood Terre Haute .... 82 I 02 I 0 •illi'Bloomington ... 87 155 I 0 g®?* Columbus 87 64 i 0 Vincennes 89 I 00 I 0 I Paolt 83 166 I 0 1 Good Evansville I 86 I 66 I 0 i - J. H. ARMINGjON. Meteorologist, Weather Bureau. CLEVELAND PROPUCE By United Financial OLE I ELAND. July 20.— Extrain tubs. 89@ 30 %c; prime. 40 3.40% 0; first* 37® 37%c: packing stocks. -3® "6. _ EfF" —Fresh gathered, Northerr extras, 28 %e; extra firsts. 27 %c; Ohtos 2 4c; Western firsts, new cases, 23 %c.

GRAVEL AMD SAND CONTRACTORS Will make money buying 42 lots we have 1n Braden’s ‘riverside Addition, west of Bluff ri atJ--3 lots with reu ed hoi > s es regular income Terms, 1-3 cash balance 1 and 2 years. Mortgage Co, 423 Fletcho Am - Bank Bide Phont BI I®#®. II lasisi—■ .mi#

Population Is Declining WARSAW, Ind., July 20.—Deaths exceeded births during the month of June, according to reports made today by Dr. O. H. Richer, health officer. There were twelve deaths, as compared with nine births.

Your “Minute Men” for Concrete Work You may be thinking of building a bird bath or an office building, a home or a silo, and you may be won* deringwhether Concrete is thematerial touse.No need to wonder long. By return mail from our nearest office, you can get the facts about that special use of Concrete in a free every-day-language booklet on the subject. Booklets of this sort have been prepared by the Portland Cement Association on all the common uses of Concrete. They give not only counsel on the conditions under which each use is advisable, but specific instructions for carrying out the work# And if any question is left unanswered in your mind after reading the booklet on the subject that interests you, one of our specialists indiatparticuiarclassof Concrete work, will gladly answer in The information in the booklets is based partly on the findings of our research laboratory and pardy on the field experiences and investigations of our engineers. It is accepted as a basis of practice by well-informed engineers, architects and builders throughout the world. The publication of these booklets, and their circulation without charge, is one of the numerous activities carried on by the Portland Cement Association for the service of users of Concrete. The Association is the joint research and educational foundation of 85 independent manufacturers of cement in the United States, Canada, Mexico and Cuba. Suggestions as to how our work may be made more useful to you are invited. PORTLAND CEMENT ASSOCIATION cA National Organization to Improve and Extend the Uses of Concrete A6#rtf# D#s Molssi Parkersburg Ssfl FrsncUtf* Boston Detroit los Angele# Philadelphia Seattle Chicago Helena %;Ivaukee Pittsburgh S. Louis Jt Dallas Inc>*. „ooli* Mini, vooli* Po- J 0”*- Vaoeoueer jF Dearer \-aneas City Near Yaca Sais LaJca City ixC^

Mechanics and Helpers Wanted On Account of Strike the Wheeling & Lake Erie Railway Is in Need of Machinists and Helpers Boilermakers and Helpers Pipe Fitters and Helpers Electricians and Helpers Tank Repairers and Helper® Boiler Washers and Qualified Car Repair Men and Inspectors. Board and sanitary housing will be furnished, and ample police protection provided at all times. WAGES—Standard as directed by the UNITED STATES LABOR BOARD. Men desiring work communicate with A, O. Kriis t Huron-Sixth Building, Cleveland, Ohio. C. W. COE, Assistant General Manager, The Wheeling & Lake Erie Ry. Co*

JULY 20, 1922

Dies From Burns Very Whorton, employe ,at Mer* chants Heat and Light Company plant, died at the city hospital o 4 burns Wednesday night from a fafl against a furnace Monday night