Indianapolis Times, Volume 35, Number 62, Indianapolis, Marion County, 22 July 1922 — Page 11

JULY, 22, 1922

STOCK ISSUES HIT NEW LOWS lIFEMTOHS Slackness In One Croup, However, Has Little Effect on General List. STEEL HOLDS BUOYANT Heaviness of Leaders Due Only Partly to Clouds of Labor Strife. By United Financial NEW YORK, July 22.—The Wall Street Journal today says: Conflicting currents marked the two hours of trading on the New York j Stock Exchange today. Buoyancy in the independents steel group, engendered by Attorney Gen-1 eral Daugherty's clean bill of health for the proposed merger, came in contact with the heavy selling of motor stocks. Pierce Arrow Issues broke to further new lows on the movement under the influence of reorganization prospects. Studebaker was freely offered on the i outlook that speculative commun- ; lities’ estimate regarding the size of |fie extra dividend to be declared this month might have to be considerably modified. While some of the heaviness of the speculative leaders might have been due to the failure of the clouds of the labor situation to show any signs of breaking, most of the irregularity was due to the unsettlement caused by the acute weakness of the Pierce Arrow issues. But the inability of one automobile company to rehabilitate itself financially, notwithstanding record-break- ! ing orders for cars in the industry as a whole since the early part of the , year, cannot be construed as a re- ] flection of conditions in the automobile ] trade. Bankers have had the question of reorgnizing Pierce Arrow under consideration since it began to show heavy quarterly deficits last year. Stock sales totaled 324.000 shares. ! LOCAL BANK CLEARINGS Indianapolis bank oleannffs Saturday were $3.614.000; tor week ending Saturday. $19,058.000. Bank debits Saturday were $5,194,000; for week ending Saturday. $34,519.000. • NEW YORK LIBERTY BONDS —July 22 Prev. High. Low. Close, close. L. B. 3%5. ..100.96 10090 100.96 10090 L. B. Ist 414 s 101.60 101 16 101.40 101.20 L- B. 2d 41*8.100.84 100.T4 100.82 100.T8 L. B. 3d 41,3.100.82 100.80 100.82 100.82 L. B. 4b 4Us. 101.56 101.30 101.46 101.32 Victory 4 %s. -100.54 100.54 10054 100.54 | MOTOR SECURITIES (By Thomson 4 McSinnon) —-July 22 —Closing— H Bid. Ask. Motors 3 % 3 % Packard com 14 4 15% Packard Ptd 87 Peerless 58 60 Continental Motors com .... 744 7% Continental Motors pfd 92 93 Hupp com 19 H 19 % I Hupp ptd . .......105 110 Beo Motor Car 13% 14 Elgin Motors % 2 % ; Grant Motors 1 ■ Ford of Canada 390 400 national Motors .. —> 2 Federal Truck - 2 O 2O 22 Paige Motors * 21>4 23% j Republic Truck 11 11 % . NEW YORK CURB MARKET (By Thomson 4 McKinnon) ~ —ClosingBid. Ask. Acme Packing .i. 44 50 Curtis Aero, c0m...... 3% 5 Curtis Aero, pfd ... 25 -.8 Boston & Montana lo 16 Boston & Montana Corn.. 78 83 Goldfield Con 6 Jumbo Extension 2 4 International Petroleum .21 21 H Kirtay Oil 5 54* Standard Motors 44* 5 Balt Creek ... 15 4*. lo 1 * Tonopaii Extension ...... 1 3-16 1 11-16 Tonopah Mining 1% IJs United P S new , 64* 0% C. 9. Light and Heat .. 1 % IV C. 8. Light and Heat pfd IS 1% Wright-Mar tin 2 6 Yukon Gold Mine Cos 9o 100 JerorjA •% yew Cornelia 19 20 United Verde 2.4* -8 Sequoyah * rmip OH ••••••• svm • 1 2 KepT Tire 50 60 ACTIVE OIL STOCKS (By Thomson & McKinnon.) —July 22 —Closing— Bid. Ask. Anglo-American Oil ........ 18 s * 18“4 Lobot 9 % 10 Ajo—.c-Scryroser 890 410 fhpe Line 92 94 Chesebrough Mfg. Cons. ...180 195 GqdUh6CUI OiL Colorado ••. .135 140 Coiien Oil and Gaa 5 13 Crescent Pipe Line 33 35 Cumberland Pipe Line....... 130 140 Ek Basin Pete 9 4 9 V Eureka 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 OU 9 944 Midwest OU 2 H 3 Midwest Kfg 200 .... National Transit 25 44 26 44 New fork Transit 160 170 Northern Pipe Line ........*96 99 Ohio OU 280 285 Oklahoma P. k R 8 9 Penn.-Mex 35 4o Prairie OU and Gas 575 580 Prairie Pipe Line 244 248 Sap alps Ref g 344 4 Solar Refining 380 350 Southern Pipe Line 92 94 6outh Penn Oil 205 215 Southwest Penn Pipe Lines... 62 64 Standard Oil Cos. of 1nd......107 . 107 44 Standard Oil Cos. of Kan. ...580 550 Standard OU Cos. of Ky.... 93 94 Standard OU Cos. of Neb 185 195 Standard OU Cos. of N. Y. .. .418 423 Standard Oil Cos. of Ohio ...440 480 Swan A Pinch 35 45 Vacunm Oil ............. .415 425 Washington OU 23 28 CHICAGO STOCKS (By Thomson A McKinnon) —July 22 Open. High. Low. Close. Am. Shin... 71 - Ar. A Cos. pfd 98 V 98 V 98 44 98 V Ar. Leather. 12 44 ! C CAC R P 6% 644 44 64s 84a Cudahy .... 63 Com. Edison 130 44 130 V 130 4a 130 4* Diamond M. 117 117 116 116 Earl -M 344 8% 33 Libby-M 2 Mont.-Ward.. 22% .... ... ... Nat. Leather.. 744 ... ■ Pick A C 0... 25 Pig. Wig- (A) 40 V 40 V 40% 40% Reo Motor... 13% 13% 13% 13% i Stewart-W... 44% 44% 44% 44% LmLwiU A Cos. .101 % 101% 101% 101% Bwlft Inti... 194* 19% 19% 19% Whom. (J R) 61 51% 51 61 I Upton CAC 58V 57 66% 664* f Wrlgley ....104 | Yello wTaxt. 7144 7144 71 71 INDIANAPOLIS PRODUCE Eg**—Fresh. 19 @ 20c. Butter—Packing stocks. 18 @ 19c. Poultry—Fowls. 10® 20c; leghorn fowls. 15c; broi'era. IV to 24* Jb. size, 34e: broilers under IV lbs.. 12c Tlags. 12c: young hen turks. 3 lb. turks. 12 bs- up, 28c: cu 1 thin turkeys not wanted :> ducks. 4 lbs. and up. 15c: geese. 10 lbs. and p, 12c; squabs, 11 lbs. to dozen, $6: old guineas, per dozen, $3. Butter —Local dealers are paying 87 a 88c per lb. for butter delivered in Indianapolis. Butter!at—local dealers are paying 89 Q 88c per lb. for butter fat delivered In Indi—spoils.

New York Stocks

Railroad*— Prev. High. Low. Close, close. Atchison ...101% 101% 101% 101% At. Coast L. 108 10S 108 109% B. A 0 55 54% 55 54% Can. Pacific 139% 139 139 139 V ;C. A 0 68% 68% 68% 68% I C.A NW Ry. 75% 75% 75% 75% !C. A G. W.. 9 9 9 8% Erie 16% 10% 10% 16% Erie Ist pfd 21 21 21 24% Gt. No. pfd. 81 80% 81 80% Mo. Pacific.. 22% 22 22% 22% Mo. Pa. pfd. 55% 54% 55% ,55 S. Y. Central 95 % 95 4* 95 % 95 % NYNHAH3OV 29% 30% 304* No. Pacific.. 76% 76% 76% 76% Norfolk A W.. 109 109% 1Q9% 109% Pennsylvania. 45 44V 45 44% | Reading .... 7444 74% 74% 74% So. Ry 25 24 % 24 V 24% 50. Pacific.. 90 00 90 89V St. Paul pfd. 44% 44% 4444 44% 51. LAS. W. 28% 25% 28% 28% S L.&SW pfd 45% 45% 45% . 45% ISLA SFe R 27% 27% 27% 27% | Tat Pn/t OQ IJ. I Union Pac.iii % 'iii lii'% 143% Wabash pfd. 31% 31% 31% 3144 I West. Pacific 18% 18 18 Pgh. A W. V. 38% 38% 38% Rubbers — Ajax Rub... 14% 14% 14% 14% Lee Rubber.. 28% 28% 28% Goodrich Rub. 39 38 38% 30% | KeUy-Spg 48 47 % 47 % 48 % K. T. A R. Cos 12% 9% 10 44 12% | C. S. Rubber 62 61 61 61 4* Equipments—- | Am. L0c0...115% 115 115 116 I Bald. Loco.. .118% 118 118 119% ! Gen. Electric 176 V 176% 176% 176% ! Lima Loc 107 107 107 107 ; Pressed S. C. 80 80 SO 80 Ry. St. Spgs. 106 106 106 100% West. Electric 61% 01% 61% 61% Steels— Beth. "B” ..79 77 -77 77% Colo. Fuel 31% Crucible ... 84 % 83 % 84 83 % Gulf States.. 84% 83 4* 84 83% i I ackawanna. 79% 77% 77% 77% ! Midvale 38 30% 36% 30% Otis 11% 11% 11% 12 Repiogle 33 % 33 % 33 % 33 % Rep. L A S. 75% ’ 73% 73% 744* j U. S. Steel.. .101% 100% 101% 101 U. S S. pfd.120% 120% 120% 120 V Vanadium ..48% 47% 474* 47 Motors— Chandler M.. 68% 67% 67% 65% Gen. Motors. 14% .144* 14% 14% Hupp Motors 19 4s 19 19 19% Hudson M.. . 22 22 22 22% Max. M. (A) 65 64% 64% 65 Mack Truck 00 68% 58% 58% Max. M. ••B” 22% 22% 22% 23% Martin P. . . 80 % 60 4* 30 4* .. . . I Pierce-Arrow- 12 9 4* 9% 12% Studebaker .135% 132% 132% 134% Stromberg .. 45% 44% 44 % 40% S.-Warner .. 44% 44% 44% 44% i W. Overland 8% 8% 8% 8% i IW. Motors.. 48% 48% 48% 49V j Minings— I Int. Nickel . 18 17% 17% 17% Coppers— Anaconda .. 54 53% 53% 53% i Chile C ... 22% 22% 22 4* 22% Inspiration .. 41 41 41 41 % 1 Kennescott .. 30 % 30 % 30 % 30 % i I Miami 29 % 29 % 29 % 28 % j Nevada Con. 10% 16% 16% 17 1 BONDS CLIMBING ON Liberties Register Substantial Advances. By United Financial NEW YORK. July 22.—The bond market In two hours of trading today | continued its general trend toward higher levels with most noteworthy I advances again registered by liberty i first and fourth 4V*s. both making a new high of $101.60. In the foreign group trading was fairly active at firm levels, backed j by a continuing steadiness in foreign exchange. Both issues of United ; Kingdom 5%s ranged above 110 most j of the day. although 5%s due in 1929 | got down to 109% at the close. Industrial activity was light, but the j railroads saw some good trading. Consolidated Gas convertible 7s were high at 123 and low at 122%. During the week these bonds sold above 1 ?-l Total bond sales were $8.641*000, against $6,561,000 In the first two j ; hours Friday. — MOTOR STOCK DANCES Locomobile Jumps to $225. Then Settles. i By United Financial NEW YORK, July 22.—With the j announcement that W. C. Durant has taken the presidency of Locomobile the stock swiftly went from 50c to $2.25 on the curb today, reacted and then recovered to $1.25 at the close. The market in general closed steady with Phillip Morris at 21 up 1%. Buying activity in the stock was ascribed to a paragraph in one of the morning newspapers stating that a new' tobacco stock will be put on the market In a week's time backed by | the Phillip Morris and tobacco products interests. Subscription price for the new shares is reported to be j $lO. General dullness prevailed throughout the rest of the market. BIRTHS Boy* Borer and Ruby Risley, 6331 Ferguson. William and Agnes Lee. 2320 Bellefontalne. Sidney and Beatrice Cahn. Methodist Hospital. Charles and Elizabeth Saeurs. Methodist Hospital. Charles and Joy Bingham. Methodist Hospital. Adoiph and Nell Natzke. Methodist Hospital. Carl and Mrytle Ktntey. 1010 W. FiftySixth. Allen and Gertrude Clouse. 2130 Wendell Charles and Edna Ful wider. 2640 Sehurman. Joseph and Mary Abell. 1459 Spann. Orin and Mary Barth. 419 N. Delawre. Ralph and Flossie Chesnut. 407 N. Gladstone. James and Essie Bingham. 801 Drake. Girls 1 William and Fannie Young. 1354 W. Ray Alonzo and Helen Craig. 1024 N. Oakland. Bearl and Claire Brooks. 427 Virginia. T. J. and Mannle Hollin. 706 8. West. William and Ledolia Zeph. 308 E. Raymond. Edward and Addle Foutz. 4401 E. Sixteenth. Harry and Emllie Bole*. Methodist Hospital. Oscar and Esther Nordberg. Methodist Hospital. . Fred and Ruth Barber. Methodist Hospital. John and Ada Brlrht. Methodist Hospital. Carl and Ethel Struekman. 1334 Edgomont. Charles and Viola Land, 118 E. North. Joseph and Agnes Weinke. 1138 McClain Anson and Zeph Bales, city hospital. Hobart and Mary Baxter, city hospital, Vincent and Anna Quattrocehl. 425 S. Alabama. Harry and Andra Mattillo, 758 Wallace. William and Irene Frederick. 912 Belle--1 fontaine. DEATHS j John Daniel Faints, 85. 1438 N. Senate, * PI Ru?h 'krlel. 7 months, 1538 W. Vermont, inanition. ... ~ , it Laura Miller. 60, city hospital, urerffe. Robert Eugene Taylor. 1 month. 1419 Montcalm, acute gastro enteritis. Davis McKinley. 5 months, Methodist Hospital. chronic hydorcephalus. William Steed. . Long Hospital, pernlCH°enrietntamGolding. 82. Bt. Vincent’s HosPt Victor°^>rley Hawkins, 4. 3034 Station, ileocolitis. Charles Hall. 60. city hosptial, anemia. William H. Roberts 81. Thirty-Eighth and K>vstone. fractured skull (accidental). I Henry MePeek. 87, 631 *E. Miami, carcinoma. Bootlegger Given Fine < Guy Rambo, 28, of 225 E. Tenth St., against whom a blind tiger case had been held under advisement, was fined SIOO and costa In city court today and the judgment later waa suspended.

(By Thomson A McKinnon.) —July 22

Prev. High. Low. Close. close. Utah Copper 65% 64% 04% 65% Ray Cons. .10% 16% 16% 16% U. S. Smelt.. 41 41 41 41% OU*— Cosden 43% 43% 43%% 43 Houston OU . 74% 74% 74% 74% 111. Oil 13% 12% 13 13% Mex. Petrol .168% 165% 165% 106% M. S. Oil .. 13% 13% 13% 13 Mex. S. B. . 31% 30% 30% 32 Pan.-A. Petrol 74% 73% 73% 74% Pacific Oil ..55V 55% 55% 55% Pierce Oil .. 7% 7% 7% 8 Pro. ARef.. .37% 37% 37% 37% Pure OU- 28 % 27 % 27 % 28 Royal Dutch 56 55 % 55 % 53 % S. Oil of C. .103 103 103 103% S Oil of N J.IBO 180 180 182 Sinclair 31% 31% 31% 31% Texas Cos .. 4oV 45% 45 V 45 V Tex C A O. . 25 % 25 % 25 % 26 Transcpnt OU 15 14% 14% 15% Union Oil .. 20% 20 20 20% Industrials— Allied Chem. 08% 68% 68% 68% Allis-Chal . . 54 % 64 54 54 % A trier Can . . 58 65 % 55 % 65 % Am H & L pf 70% 70% 70% 70 Amer Ice ..110% 110% 110% 110% Am Saf Raz 0V 6V 6V ... Amer Wool ..70V 90% 90% 90% Cent Leath. . 40% 40% 40% 40 V Comp A Tab 04 64 04 63% Cont Can ... 72 71 72 71 % I End-Johnson. 84% 83 V 83 V ... j Fam Players 83% 82 82 82,% • Gen Asphalt 71% 70 V 71 70% Int Paper.. 52% 51% 61% 53 Int Harv ..104 104 104 104 May Stores .117% 117% 117% 117% Mont A Ward 22% 22 22 22% Nat Lead ...100% 100 100 101 Sears-Rbk .. 80 79 % 79 V 80 % United Drug 80 79 79 80 U S Ret Sts 64% 83% 64 64% U S C I Pipe 34 34 34 34 U. S. In. A.. 62% 61% 61% 01% Worth. P. . . 52 52 52 52 V A. T. A Tel. .122 121% 121% 121% Brook. R. T. 25% 25% 25% 25% Consol. Gas .123% 123 123% 123 Col. Gas .. 93% 93% 93% 93% People's Gv- 85% 85% 85% 86 West. Union .105 104 104 105 Shipping— A. I. Corn-. 43% 43 43 43 At. Gulf ... 38% 30% 30% 30% Foods— Am. Sugar.. 80% 80 80 79% A. B. Sugar. 4040 46 Austin Nichols 27 20 20 27% Booth Fish.. 8% 8% 8% Corn Prod. . .106% 106% 100% 106% Cuba C. S. .. 16% 16% 16% 10 >4 Cuban-A. S. . 24% 24% 24% 24% Wilson A Cos. 44 42% 43% Tobaccos— Am. Sumatra 39 % 39 % 39 % 39 Am. T. Cos. .143% 143% 143% 143% Tob. Prod. . 80% 80 80 80% Miscellaneous Stocks— Alasko Gold . % % % % C. CCASt. LR 70% 70% 76% 76% P. Marquette. 33% 33 % 33 % 33% Chino Copper 29 % 29 % 29 % 30 Davison C. . 47 % 46 44 45% Reynolds S. . 43% 43% 43% 44 V* U S. Realty. 70 69% 69% E... INDIANAPOLIS STOCKS —July 21— Stocks Bid. Ask. Ind. Ry. A Light com. ... 57 ... Ind Ry. A Light pfd 84% 89% Indpls. St. Ry 45% ... Indpls. N. W. pfd 60 .., Indpls. A S E. pfd 60 T. H. T. A L. pfd 75 T. H I. A E. com 1 6 T. H I. A E. pid 2% 7% U. T. of Ind. com 3 ] U. T. of Ind. Ist. pfd 10 U. T. of Ind. 2d. pfd 1 0 Advance-Rumely pfd ... Advanee-Rumely pfd 48 ... Advance-Rumely com ... Am Creosoting pfd 94% ... •Pelt It. R. com 66 ... •Belt R. R. pfd. N 50% ... Century Bldg. Cos. pfd. . . P 4 ... Citizens Gas Cos 20 ... City Service com 206 City Service Cos. pfd 68 69 Dodge Mfg. pfd ... Home Brewing 65 ... Ind Hotel com 88 ... •Tnd. Hotel Cos. pfd 99 ... Ind Natl Life Ins. Cos. ... 2 ... •Ind. Title Guarantee 60 ... Ind. Pipe Lines 87 ... Indpls Abattoir pfd 46% ... •Indpls. Gae 45 ... Indpls Tel. pfd 90 ... Indpls. Tel. com - 1 ... Mer. Pub. Utl. pfd -50 Natl. Motor Car Cos 2 4 Pub. Savings Ins. Cos 6 ... Rauth Fert. pfd 49 ... Standard Oil of Indiana . .. 107 Sterling Fire Insurance Cos.. 7 ... Van Camp Hdw pfd 90 ... Van Camp prod Ist pfd ... 97 100 Van Camp Prod. 2d. pfd 100 ! Vandalia Coal Cos. com. ... 1 . 5 Vandalia Coal Cos. pfd. ... 7 12 Wabash Ry. pfd. 30 34 Wabash Ry. oom 11% 15 Bonds * Broad Ripple 5s 62 % Citizens St. R R. 5s 83 88% Indiana Creek Coal A M. 6s. 100 Ind. Coke A Gas 6s 80 91 Indpls. C. A S. 5s 02 ... Indpls. A Martinsville 5s .. . 61 % ... Indpls Northern 5s 46% 51 Indpls. St. Ry 4s 65 67% : Indpls. A N. W 5s 64% 59 Indpls. A S. E. 5s 40Indpls. Shelby A S E. 5s .. . 65 ... T H. I. A E. 5s 64 Citizens Gas 5s 86% 88 Indpls. Gas 5s \ 86 88 Kokomo M A W. 5s 88% 92 Ind. Hotel Cos. 6s 99 % ... Indpls. Water 5s 96% 98 Indpls. Water 4%s 80 85 Indpls. T. A T. 5s S2 % 85 Indpls. L A H. 5s 92 95 C. T. of Ind. 6s 59% 63 i Mer H AL. 5s 99 % ... New Tel. L D 5s 97 New Tel. Ist 6s 97 ... South. Ind. Power 6s .. . . 86% 91 IN THE COTTON MARKET By United Financial NEW YORK. July 22.—The cotton market opened steady today, off 2 to 6 points. The South and Wall street bought, and there was week-end short covering. New Orleans sold. Fairly heavy long liquidation after the opening forced prices lower, and at the end ! of the first ball-hour futures were off 3 to 15 points. The cotton market closed heavy, being off 9 to 15 points. COTTON FUTURES Open. High. Low. Close. January ..... 21.74 71.T4 21.60 21.01 March •. 21.65 21.71 21.55 21.56 May 21.55 21.55 21.40 21.42 July 21.79 21.79 21.70 21.70 October 21.90 21.92 21.75 21.80 December .... 21.88 21.91 21.73 21.80 NEW ORLEANS. July 23—The cotton market opened steady today being off 7 to 15 point*. Trading waa steady during the day‘a short session and futures closed from 4 points below the opening to 6 above. The market closed steady. —Cotton Futures— High. Low. Close. October 21.45 21.28 21.38 December 21.24 21.18 21.19 January 23.18 21.05 21.10 March 21.09 20.95 30.95 CHICAGO HOGS LOWER Few Choice Lights Draw Better Prices. By United Financial CHICAGO. July 22—Hog prices were 10 to 15 cents lower at the Chicago stock yards today. Receipts were 4.000,' of which big killers took about 1,000 direct from other trading points. The market was generally slow. While a few choice light grades still sold at sll, the run of the day’s sales was lower. Cattle prices continued steady. Receipts were 1,500, but killers took about 500 head and left but few choice grades for sellers. A few common stock was held over, but, with a slow market, these were not offered for | sale. Receipts of 3,000 sheep were cut to 500 after the killers had taken their consignments from other markets. Prices ruled steady. CLEVELAND PRODUCE By United Financial CLEVELAND. July 32.—Butter extra in tub*. 40Q40%c: Prime. 41®41%c: first*, 381*38He: packing itock 23@260. Eggs fre*h gathered Northern extras. 28o: extra flr*ta. 27c; <9*lo. 23c; Western firsts, new cases. 21 Vic.

THE INDIANAPOLIS TIMES

SWINE PRICES REMAIN SLOW I LOCAL YARD Cattle and Calves Rule Steady and Strong With Sheep Rising. RANGE OF HOG PRICER Good Good Good July mixed. heavy. light. 15. SIO.BO-10.85 SIO.OO-10.80 $ll.OO 17. 10.65-11.15 10.05-10.85 11.15-11.35 18. 10.85-11.00 10.65-10.85 11.15-11.36 19. 10.75-10.85 10 50-10.75 10.85-11.10 20. 10.75-10.85 10.50-10.75 10.85-11.00 21. 10.90-11.00 10.50-10.90 11.KT11.35 22. 10.90-11.00 10.59-10.90 11.15-11.35 With both shopping and packing demands rather slow and receipts around 4,000, with 1,500 held over i from the previous day, swine prices I were slow, stea-dy to weak. In trading on the local live stock market today. Trading was very slow and a large holdover for the opening market of next week was anticipated. Cattle prices ruled about steady. Receipts were light at around 150, and speculators were the only active buyers! Calves were steady to strong, with the demand fair, the quality fair to good and receipts light at 250. There was a top of $10.50, which was 50 cents righer than the top of the previous day, but the new top was an outside sale and could not be considered as coming within the general market trend. Sheep were steady and lambs 50 cents higher, with receipts extremely at 150, the quality fair and the demand rather slow. —Hog*— 100 to 150 lbs. average sll.lO 611-3$ Over 300 pounds 10.50® 10.85 150 to 300 pounds 10.65® 11.35’ Best pigs under 140 lb* [email protected] Roughs B.oo@ 8.50 Top 11.35 Bulk of sales 10.75 @ 11.25 Stags 7.00@ 8.00 —Cattle— Few choice steers [email protected] Prime com-fcd steers. 1,000 to 1.300 lb* 8.50® 9.00 Good to choice steers. 1,000 , to 1.300 lbs 800 9 8.50 Good to choice steers. 1.000 to 1,200 lbs 7.50@ 8.00 '• Good to choice steers, 1,000 to 1.100 lbs 7.25® 7F>O ! Common to medium steers, 800 to 1,000 lbs 0.50® 7.25 I —Cows and Heifer*— Few choice heifers 9.25® 9.75 j i Good ot choice heifers 8.25® 9 00 I Medium heifers 7.75® 825 | Common to medium heifers.. 6 50® 750 i Good to choice cows 6.75® 650 Common to good cow* .... 3.75® 5.75 Canners 25? Cutter* 2.25® 3.25 —Bull*— Fancy butcher bull* 6 25® 6.50 Good to choice butcher bull*. 5 00® 5.25 Boiocna bull* 3.50® 3.75 Light bologna bull* ........ f 3 00® 3.25 Light common bulls 3.00® 3.50 —Calves— Choice veal* .*>.... 9.00@10 00: Good reals 8 50® 0 00 Medium veals 8 00® 8.50 Lightweight veals 7 50® 800 Heavyweight veal* 600® 700 Fair to medium 5 50® 6.00 Top 10.00 —Stocker* and Feeder*— Good to choice stoer* under 800 lb* 6.25@ 7.50 Medium cows 3.60® 3.75 Good cow* 4 00® 4.60 j Good heifers 6 00® 7.60 Medium to good heifers .... 4 50® 5.75 Milch cow* and springers.. [email protected] —Sheep and Lamb*— Cull ewes 1.60® 2 00 Good to choice ewes 2 50® 5.00 ! Bucks 2.00@ 3.30 Yearling* 6 00® 850 Springers . Cull* 4 .00® 860 : OTHER LIVESTOCK By United Financial CHICAGO. July 22.—Hog*—Receipt*, 4,000; market, 10® 15c lower; top. $11:1 bulk of sales. [email protected]: heavy weight. $10.15 910 55: medium weight. 510.40@ j i 10.80; lightweight, $10.75@ 10.85; light light*. $lO 40910.85; heavy packing! sows. [email protected]: packing sows rough.! [email protected]: pigs. $0.60 @ 10.50. Cattle'— Receipts, 1.500: market, steady; choice and; prime. [email protected]; medium and good. $8 10! @10: commoh, [email protected]; good and choice.) $8 80910.40; common and medium, 56.90! @8.80; butcher cattle and heifers. $5.15® 8 85; cows. S3 90@8 15: bulls. [email protected]: banners, cutters, cows and heifers, $2.60 @3.90; canner steers, veal calves, [email protected]; feeder steers. $5 65® 7.75; stocker steers. 54.75 9 7.65: Stocker cows and heifers. [email protected]. Sheep—Receipt*. 3,000: market, steady; lambs, sl2® I 13 10; iambs cull and common. s7so® ! 11.75; yearling wethers. $8 50 @ll 25; ewe*, [email protected]: cull to common ewe*. $2 @4,50. By United Financial CINCINNATI, July 22.—Hogs—Receipt*. | 3.500: markst, lights. 5c higher, other j grade* 6® 10c lower, pigs and roughs steady; heavies, $10®10.75: mixed, $10.85 @1110; medium. sll 10911.25: lights.; $11.40; pigs. $10.50: roughs. $8: stags, $5.25. Sheep—Receipts. 3,800: market, 50c lower; ewes, seconds. $6.50 down: I choice lambs, sl3: second*. [email protected]; ! culla, s3@s. Cattle —Receipts. 400; market, weak; bulls, steady: calves. $9. By United Financial BT. LOUIS. July 23.—Cattle-Receipts, ; 760; market, steady; native beef steers. [email protected]; . cows. $5.75®7; stockers and feeder*. $4.60 @7; calves, $5 @9.50: banners and cutters, [email protected]. Hogs—Receipts. 3,000; market, steady. 5c higher: mixed and butchers, $10.90911: good heavies, $10.50 910.90: roughs. $8,25 9 8.35; lights, $11911.15; pigs, $10.60® 11.05; bulk, $10.95® 11, Sheep—Receipts, 500; market, steady; mutton ewes. $4.50® 0; lambs. sl2 @12.50; canners and choppers. $2 ® 2.50. By United Financial PITTSBURGH. July 22.—Cattle—Supply, light: market, nominal; choice. 9.50@10prime. $9.50@10: good. $8.7599.25; tidy butchers, $8.50Q9.25; fair, [email protected]; common, $5.50@8; common to good fat bulls, $50.50: common to good fat cowws, $3.50® 0.60: heifers, $0®8.50: fresh cows and springers, $35 9 85: veal calves, $10: heavy and thin calves, s4@6o. Sheep and lambs—Supply, 1,500: market, 25c lower; prime wethers, $7 9 7.25; good mixed. sß® 6.75; fair mixed, [email protected]: culls and jCommon, $1.50®3: lambs, $12.50. Hoge-—Re-ceipts, 2,000; market, steady, active; prime heavy hogs, slo.Bo® 10.90: mediums, $11.50 @11.60: heavy yorkers, $11.6091.60: light yorkers, $11.50911.60; pigs, $11.60® 11.65; roughs. s7@B: stags, [email protected]: heavy mixed. $11.20911.35. By United Financial EAST BUFFALO. July 22—Cattle—Receipts. 075; market, steady: shipping steers, [email protected]; butcher grades. [email protected]; i cows, $2.60®0.25. Calves—Receipts, 100: market, slow to 50c lower: culls to choice, $4911. Sheep and lambs—Receipts, 1,400; market slow and lower: choice lambs, sl2® 13: cull to fair, [email protected]: yearlings, s3® 10; sheep, s3®B. Hogs—Receipts. 2,800: market, active, steady: yorkers. $11.50® 11.00; pigs, $11.60911.00: mixed. $11.25® 11.50: heavie*, $11: roughs, [email protected]: stag*. $5 @B. By United Financial CLEVELAND, July 22. —Hogs—Receipts, 1.000; market, steady: yorkers, $11.50; mixed, $11.25; mediums, $11; pigs, $11.50: roughs, $8.50; stag*. $5.50. Cattle—Receipt*. 400: market, slow; good to choice steers, [email protected]; good to choice heifer*, $6.25@7; good to choice cows, [email protected]; fair to good cows, [email protected]; common cows. [email protected]; good to choice bull*. $5 @5.75; milehers, $35 @75. Sheep and lambs—Receipts, 600; market, steady:: top, $13.50. Calves—Receipts, 260; market, strong; top, $10.60. SHIPPING NOT DELAYED Traffic Bureau Head Says No Great Trouble Caused by Strike. Strike of railroad shopmen has not caused Indianapolis shippers any great trouble, H. B. McNeely, trafflo bureau eommimssione.-, stated Saturday, with 1 no great delays and few embargoes.

CHICAGO GRAIN - CLOSES LOWER DEMANDS COOD ♦ Wheat and Corn Slump Trifle, Due to Strike Uncertainty, on Markets. By United Press CHICAGO. July 22.—Grain prices closed lower on the Chicago Board of Trade today. A fairly large demand for wheat for export continued, but it failed to overcome the bearish influences of heavy receipts at all primary markets and a desire of traders to unload over the week-end. due to the uncertainty of the strike and other situations. Provisions were higher. July wheat opened unchanged at $1.13 and closed off September j opened up %c at $1.10%, and closed off l%c; December opened up %c at $1.12, and closed off l%e. July corn opened unchanged at 62 %c, and closed off %c; September opened up %c at 64%c, and closed off l%c; December opened off %c at 61 %c and closed off %c.. July oats opened up V*c at 32%c, ; and closed off 'ic; September opened j up at 35c, and closed off lc; December unchanged at 37 %c, and closed off lc, CHICACO GRAIN TABLE ——July 22 (By United Financial) WHEAT— Open. High. Low. Close. July ... 1.13 1.13% 1.11% 1.11% Sept. ... 1.10% 1.10% 1.09 1.09% | Dec. ... 1.12 1.12% IJO% 1.10% CORN— July ... .62 % .02 % ,62 % .62 % Sept 64 % .64 % .33 % .63 % Dec 31% .61% .(*>% .30% OATS—.JuIy ... .32% .32% .32% .32% Sept 35 .35 .33% .34 Dec 37% .37% .38% .30% LARD— j u'v ...11.50 11.50 11.47 11 50 Sept. ...11.47 11.60 11.47 11.57 RIBS— * •July 11.30 Sept. ...11.20 11.30 11.15 11.30 R \uly ... 83% .83% .82% .82% Sept 81% .81% .81% .81% Dee 83% .83% .82 .82 •Nominal. CHICAGO CASH CRAIN By United Financial CHICAGO, July 22.—Wheat —No. 2 red. $1.12%: No. 3 red. $1.11%; No. 2 hard. $114%: No 3 hard. $1.11%. Corn—No. 1 yellow, 85 %c: No 2 yellow. 65e; No. 3 yellow. 65c. No. 4 yellow. 34%c: No. 5 yellow. 64c; No. 1 mixed. 35c; No. 2 mixed. 85c- No 1 white. 65c; No. 2 white, 65c. Oats—No. 3 white, 33 %c: No. 4 white. 32c. Barley—Cash. 68 @ 30c. Timothy—Cash. $4 @5. Cioverseed—Caeh. 510@18. TOLEDO SEED AND GRAIN Ily'Cnitrd Press TOLEDO. July 22.—Wheat—Cash and December. $1.14, July. $1.13: September.! slll%. Corn —Cash. 73c. Oats—Cash, 41c. Rye—Cash. 83c Barley—Cash. 08c. Cioverseed —Cash, £l3: October. £11.40; December. $11.30. Timothy—Cash. $2 80: September. $3; October and December. $2 90. Alsike—Cash and August, $10.50; October. $10.60; December. $10.95. IN DIA NA P OUSTCAS H GRAIN —July 22 Bid# for car lots of grain and hay at the call of the Indianapolis Board of Trade were: WHEAT—Easier: No. 2 red. $1.0291.03. CORN—Steady: No. 3 white, 00% @6lc. No. 4 white. 00® 60 %c: No. 3 yellow. 80% @6l e: No. 4 yellow. 60®60%c; N<v. 3 mixed. 69%@30c; No. 4 mixed. 59@59%C OATS—Easier; No. 2 white. 32 % 3 32 %c: No. 3 white. 31%@31%c. HaY—Weak: No. 1 timothy. sl7 217.50: No. 2 timothy. slß® 16.50; No. 1 light clover mixed. [email protected]. No. 1 clover hay $14.50915. New hay. $2 50@3 under old —lnspections WHEAT—No. 1 red. 1 car; No. 2 red. 22 car*; No. 3 red. 18 cars. No 4 red. 1 ear: No. 2 hard. 1 car; No. 2 mixed. 1 car No. 3 mixed. 1 car Total. 45 ears. CORN—No 1 white. 1 car. No. 2 white. 8 -o-r*; No. 3 white, 1 car; No. 5 white. 1 car: No. 2 yellow, 1 ear; No. 3 yellow. ! 1 car; No. 4 yellow, 1 car: No. 5 yellow, 3 cars; No. 0 yellow, 1 car: sample yellow, i 1 car: No. 2 mixed. 1 car; No. 4 mixed. 1 car: No. 0 mixed. 1 car. Total. 1- car*. OATS—No. 2 white. 2 cars: No. 3 white. 5 cars: No. 4 white. 2 car*; No. 3 mixed, 1 car. Total, 10 cars. _ BYE —No. 2, 0 car*; No. 3. 5 cars. To- ' tal. 11 cars. > c _ ■ Total number of cars for day, o. Grain prices quoted f. o. b. bael* 41 %c rate to New York primaryHyarkets (By Thomson & McKinnon) —July 22 BECEIPTS _ , Wheat Corn Oat* Sioux City 10,000 60.000 'St Joseph 98 000 41,000 2.000 Chicago* .. 550.000 300.000 273.000 Milwaukee. 7.000 ho'oao xk'oo!) ( Minneapolis 243.000 Duluth ... 91,000 21,000 1i'222 Ist Louis.. 184.000 166-000 , Toledo 78.000 2.000 10.000 | Detroit .. . 4.000 *.OOO 6.000 Kan. City.. 784,000 38.000 'OOO 1 Omaha . . 175.000 ??000 Indianapolis. 90.000 35,000 -- 000 Totals .2,317,000 788,000 050.000 Year ago 3.830,000 688.000 1.052.00 U I SHIPMENTS „ , Wheat Corn Oats Sioux City. 12,000 60.000 14.000 St. Joseph.. 12.000 86,000 -•-• •• • Chicago .. 12.000 60.000 171.000 Milwaukee. 12.000 31 '°29 ia‘nnn Minneapolis 78.000 129.000 83.00 Duluth .. . 377,000 201.000 8t I.ouis.. 77.000 93.000 S1>)0 city ISSioOO ‘34.000 6.000 Omaha .. .' 60,000 95.000 46.000 Indianapolis 8,000 8.000 13,000 Totals . . 806.000 749.000 603.000 Year ago 1,249.000 1,131.000 605.000 CLEARANCES Wheat Corn Oats New York 163.000 45.000 Boston ■ • ■ i • 30,000 Philadelphia ....... Baltimore,. Bs,ooo 189,000 Totals .. 88,000 371,000 75.000 Year a—o 883,000 board of trade report The weekly statement of the Indianapolis Board of Trade showing the output of flour | by local mills, inspections for the week and j ! stock In store, follows: COMPARATIVE STATEMENT. Output of Flour— Bbl*. July 22. 1922 11-300 j July 15. 1922 8,61.. July 23. 1921 i July 24. 1920 -• • 4.118 , • —Bushels— j Inspections for Week— 1919 1920 ; Wheat 519.000 14,000 ; Corn 256.000 66,000! Oats ' 154,000 96,000 | Rye 55.000 4,000 STOCK IN STORE. Wheat. Corn Oats. Rye. July 22. •22.115,000 149,000 09,000.4,000 July 23,’21.323,700 214,370 ?60,990 1.500 July 24, ’2O . 55,180 550,880 7 71,290 1.200 CORN AND WHEAT BULLETIN For the twenty-four hours ending at 7 a. m„ Saturday. July 22, 1022: Temperature S3 0 G %4 - r O aj O Station* of , Indianapolis District S’g ISi S~i as > -s o v Sgj: -g I3 £"§ Sgfi * * wfi Ct-S-e O° X' South Bend ... I 88 1 70 I 0 I Good Angola | 89 ! 65 I 0 j Good Ft, Wayne |B4I 66 I 0 I | Wheatfleld 91 | 69 I 0 i Good Royal Center. .. 86 68 I 0 | Good ! Marion ’B6 163 0 1 Good j Lafayette ...... 87 I 69 I 0 I Good Farmland 87 I 63 I 0 I Good Indianapolis .... 85 | 68 | 0 i Good Cambridge City . 84 I 58 0 I Good Terre Haute .... 90 j 68 i 0 j....... Bloomington ... 93 58 0 Good Columbus 93 I 57 0 j Good Vincennes ••• •• - 93 J 64 0 I Good Paoll 87 ' 69 0 | Good van.Tfll. 88 i7O , 0I- - j. H. ARLINGTON. Meteorologist. Weather Bureau.

STRIKES HINDER GENERAL TRADE, IAIGIWS HEW Tons of Non-Union Mined Coal Fail to Relieve Rail , Situation. GRAINS ARE INSECURE Bradstreet Estimates Ten Per , Cent of Active Furnaces Are Cold. By W. H. HRrMES, United Financial Staff Correspondent. NEW YORK. July 22.—The rail and coal strikes already have retarded I business advancement and they threaten to be a retarding influence for some time to come even should they be unexpectedly settled tomorrow. The coal strike Is entering its sev enteerith week and Is now at the “powder keg” stage, where an ill considered move may set loose forces that will do not only physical damage but will have a bad psychological eff ct by emphasizing the differences between the employes and employers. If’ the ra.il strike Is losing ground, It is not apparent to most observers and it is a question of how long the roads can continue anything like efficient service under present conditions. The most marked effect the two i strikes have had are: 1— They have slowed up buying, because they have undermined confidence. 2 They threaten a fuel famine, and ! already there is something resembling a buyers panic in the coal market. Effects Will East Because of the railroad strike not I even the 5.000,000 tons of non-union | i mined coal that was being added to dwindling supplies lately can be put above ground. Even when the coal strike Is settled the railroads will be in no condition to move coal rapidly enough for winter storage. Dun's business Review for this week says: “The effect of strikes In impending business recovery has become more marked, the gains of earlier weeks not being maintained in all lines.” Bradstreets says: “Industry is more irregular with the railway stocks and through the coal tie-up throwing deeper shadows upon manufacturing interests, whose need for fuel is weekly becoming more pressing." The two strikes naturally will have the effect of encouraging higher com-1 modify prices. These prices over the protest of retailers have been tending j gradually upward. Signs that some concessions might ! he made to the retailers were seen j in the action of the American Woolen Company in quoting its textiles for next spring at lower figures than j those for the coming autumn. Any ! tendency this way will be halted by | the strikes. This Is the way leading | have fared during the last week: * I Iron and Steel Bradstreet estimates that 10 per j cent of the country's most active fur- j naces have been forced to close by j the coal strike. The Iron ore move- i ment from the Mesaba range has heen I reduced 25 per cent. Consumers are ! concerned about delivery of steel they ! have bought, and new business is falling off because of the uncertainty ; as to transportation and fuel sup- ; plies. Some mills have substituted fuel oil for coal. Coal The Black Diamond, published at Chicago, says fuel conditions through- j out the country are chaotic, wjth a | runaway coal market having developed as soon as the failure of the | President's arbitration plain became j known. Coal available cannot be i

STATEMENT of HAWKINS MORTGAGE COMPANY PORTLAND, INDIANA, June 30, 1922 ASSETS: Cash $100,147.21 Accounts Receivable 297,841.30 Notes Receivable 107,093.45 Stock in Welfare Loan Societies (exclusive of Louisiana) . 7,613,000.00 Louisiana Welfare Loan Societies Common Stock 19,183.33 Indiana Rural Credit Association Stock 266,233.95 Treasury Stock 1,664.85 Stock in Other Corporations 3,856.77 Bonds, Liberty $2,488.25 Foreign 318.14 2,806.39 Real Estate 161.880.06 Automobile 884.00 Office Improvements 5,808.90 Furniture and Fixtures $12,195.69 Less Reserve for Depreciation 1,594.00 10,601.69 Indiana Rural Credit Association Assets 257,255.40 Development Account (to be amortized over period of twenty years) 266,167.35 Supplied (Unissued) 2,186.11 Deferred Expense 3,850.00 Hawkins System (consisting of copyrights, operating plans, etc.) 100,000.00 $9,220,460.76 LIABILITIES: Capital Stock $1,477,481.38 Accounts Payable 252,589.87 Notes Payable 81,950.00 Pooled Stock Sales 31,259.60 Deferred Profits ....... .• •...... 6,932,730.00 Paid in Surplus 273,443.73 Undivided Profits ........ 171,006.18 $9,220,460.76 State of Indiana, ? oq. Jay County, ( 1, L. E. Smart, Cashier, being first duly sworn. hf>- ’w/'Vrtify that the above statement of condition of Hawkins Mortgage Company is true as sY? wn by the books of this company as of Juno 30th, 1922. (Signed) x L. E. SMART. Subscribed and sworn to before me this 18th is? July, 19^.2. (SEAL) (feigned) \ WHEELER ASHCRAFT, My Commission Expires May 25th. 1924. and Notary Publta.

moved and prices have risen beyond figures set by Secretary of Commerce Hoover when in conference with operators. Buying of coal for import Is reported from New Castle, England. Dry Goods and Textiles Uncertainty caused by the strikes has caused some falling off In the dry goods buying by retailers, and orders from the road salesmen this last week are reported lower than previous weeks, but more than a year ago. The leading event ■in woolen textiles was the American Woolen Company’s spring opening, but, despite the prices, which were lower than expected, there was no rush to buy. The cotton textile trade Is suffering from unsettling Influences, but there is a general confidence that buying will get under way on a larger scale soon. One of the encouraging reports is that more operatives are returning to the New England mills, where strikes hav6 been on. Crops One of the outstanding features of the crop situation is that private surveys in cotton Indicate that the crop may be considerably larger than the last Government estimate. A general confidence of better times in the agflcultural district is one of the most encouraging feautres of the week. Automobiles The best Indication of the state of the automobile industry Is that Detroit employment figures are again at anew high point. The increase last week was 1.447. Hides and Leather Hide and skin markets continued to gain, with big killers sold up and forcing further advances. The leather business shows signs of improvement and at th erecent Boston style show many orders for shoes were placed. There Is an Increasing demand for women’s high shoes.

5200.000 Hammond, Indiana Tax Exempt 5% School Bonds Dated June 20, 1922. Denomination SI,OOO Semi-annual interest payable on the 20th day of June and December. Exempt from State, municipal, county and local taxation in Indiana and the Federal income tax, both normal and surtax. Maturities and Prices $20,000 of this issue matures annually on June 20th of each year, beginning with 1923. up to and including June 20, 1932. The bonds maturing in series from the year 1923 to 1926, inclusive, yield the investor 4.40% and the remainder from 1927 to 1932 yield 4.35%. Financial Statement of Hammond School City Net assessed valuation --..561,585.690 Total debt (including this issue) .w. 1,105,500 Population (1920) 36,004. Legal approval by Messrs. Smith, Remster, Hombrook & Smith. Orders may be telephoned or telegraphed at our expense, Fletcher American Cos. ' Fletcher American Bank Bldg. Breed, Elliott & Harrison , lO9 N. Pennsylvania St. INDIANAPOLIS. %

NINTH CONVENTION COAAESJj CLOSE Rev. E. D. Koennemann, Evansville, Chosen as President of Evangelical Brotherhood. BY FLORENCE HACKLEMAN, Times Staff Correspondent. BETHANY PARK. Ind., July 22. The Indiana Evangelical Brotherhood closed its ninth convention here to day. The Rev. E. D. Koennemann Evansville, Ind., was elected preel dent. Indianapolis was made the cen ter of one of six zones. Others art Dayton, Cincinnati, Evan*villa, Vin cennefi and Louisville, Ky. Three Features Today Today’s program consisted of Blbl* study, four addresses and the story telling hour. The Sunday School Association oi the Evangelical . Synod of North America will close its session tomor row at 2 p. m. The day will start with sunrise prayer meeting, and at 10 o’clock the sermon for the consecration service will be delivered by the Rev. F. H. Puhlmann of Indian apolis. Sports on Program The men of the cloth have laid aside their dignity each afternoon and led the sports, dividing the 275 delegates into two groups. Today's arrivals at the hotel Include Mrs. A. M. Heatherlngton and Mrs. J. B. Browne of Indianapolis. Liberty Bond Stolen The theft of a SSO Liberty bond from the home of Frank H. Rodman, 225 N. Capitol Ave., has been reported' to the police.

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