Indianapolis Times, Volume 35, Number 65, Indianapolis, Marion County, 26 July 1922 — Page 10

10

STOCKS REBOUND AFTER BUOYANCY OF EARLY SALES Interstate Commerce Ruling on Strikes Affords Brief Effect. SUGARS HOLD ACTIVE, Industrial Oils and Corn Products Command Secondary Interest. Twenty industrial stocks Tuesday averaged 95.69, up 1.05 poluts; j twenty railroads averaged 86.14, up .51 of a point. By United Financial NEW YORK, July 26.—The Wall Street Journal today says: Wall Street price reaction to the measure of the Interstate Commerce Commission declaring a national emergency was a feeling of relief, that the : Government had taken a decided stand with regard to the labor troubles. This j state of mind resulted in a buoyant i opening in which sugar stocks reached new highs on the movement and special strength was shown by Studebaker and other speculative leaders. But when the financial community took into consideration the effects on general industry of the ruling regard- 1 ing priorities in railroad traffic and; fuel distribution a selling 'movement I was started which resulted in a de- j cided recession in most of the active J stocks. This irregularity was heightened by j acute weakness in Mexican Seaboard | and Atlantic Gulf on reports that salt j water was making further inroads on the Mexican oil holdings of those companies. Despite the heavy selling in the general market after the first hour 1 several sections of the list displayed special strength. Prominent in this j class were the sugar stocks, Indus- j trial Alcohol, American Can and Com . Products. Call money’s drop to 3 per cent i failed to halt the selling movement I and Mexican Seaboard got down to 22 and Studebaker, Baldwin and As- j phalt broke to new lows on the move. First appearance of Stutz Motors; on the tape since the Ryan reiceverBhip revived interest in the stock, which has not sold since early June. Fifty shares sold then at 45, the only transaction this year. There \vas no actual sale in the stock, but a bid • of 11 was announced, with no offered ! price. Qoutations for the last two , months have been 40 bid, 65 offered. LOCAL BANK CLEARINGS Tndianapotig bank clearings Wednesday were $2,700,000; bank debits were $5,730,- ! 300. NEW YORK LIBERTY BONDS —July 26 Prev ! Hirh. low. Close. close L B 3% ...101.04 100.96 101.00 100.96 L B Ist 4* 4 . 101.78 101.60 101.60 101.54 L B 2d 4k. 100.96 100.82 100.84 100.94; u B 3d 41s s. 100.84 100.76 100 78 100.84 5 B 4th 4% 9.101.70 101.62 101.68 101.68 Victory 4%s .100.80 100.56 100.80 100.58 MOTOR SECURITIES (By Thomson A McKinon) —July 26 — —Closing— Bid. Ask. i Bari Motors .............. 33% j Packard, c u 14 14Vs I Packard, pld .. .. 86 88 Peerless 56Vi 58 % , Continental Motor com. ... 7% 7% \ Continental Motors, pld 86 88 I Hupp, com 19 19 Vi ' Hupp, pfd „_lO5 110 Reo Motor Car 13 13 Vi i Elgin Motors 1 2 i Grant Motors 90 110 t Ford of Canada 385 395 I International Motor, com .... 58 60 National Motors 2 3 Federal Truck 20 23 Paige Motors 22 23 Republic Truck 10 10 Vi ACTIVE OIL STOCKS (By Thomson & McKinnon) —July 20Bid. Ask. Anglo-American Oil ........ 18% 18Vi Atlantic Lobos 8 % 0 % Borne-Scrymser 390 410 Buckeye Pipe I.ine 92 94 Chesebrough Mfg. Cons 185 195 Continental Oil, Colorado .... 135 145 Cosden Oil and Gas 5 5Vi Crescent Pipe Line . . .......... 33 35 Cumberland Pipe Line 135 145 Elk Basin Pete BVi 9 Eureka Pipe Line 87 90 Galena-Signal Oil, pref 100 105 Galena-Signal Oil, com ....... 52 53 Illinois Pipe Lino 163 168 Indiana Pipe Line 88 90 Merritt Oil 8 % 9V4 Midwest Oil 2 2% Midwest Rtg 200 ... National Transit 25 Vi 26 Vi New York Transit 160 170 Northern Pipe Line ......... 98 Ohio Oil 270 278 Oklahoma P. & R 6 10 Penn.-Mc-x 32 35 Prairie Oil and Gas 570 590 Prairie Pipe Line 244 248 Sapulpa Refg . 3Vi 3% 6oiar Refining 330 350 Southern Pipe Line 90 93 South Penn Oil .......... ..,.200 210 Southwest Penn Pipe Lines .. 61 63 Standard Oil Cos. of led 107 107 V 4 Standard Oil Cos. of Kan.... 630 650 Standard Oil Cos. of Ky...... 93 94 Standard Oil Cos. of Neb. . ..176 180 Standard Oil Cos. of N. Y. . .400 413 Standard Oil Cos. ol 0hi0....440 450 Swan & Finch ... -......... 35 45 Vacuum Oil 415 425 Washington Oil 22 28 NEW YORK CURB MARKET (By Thomson & McKinnon) —July 26 Closing Bid. Ask. Acme Packing......... 43 48 Curtis Aero com 3 Vi .6 Curtis Aero pfd 25 28 Boston & Montana 15 16 Boston & Montana Cor. 80 85 Goldfield Con 6 Jumbo Extension 2 4 Kirby Oil 6 5% Ntpissing os 5H Standard Motors , 4 Salt Creek 15 % 15 V Tonopah Extension..., IVi 111-16 Tonopah Mining....... IV* lVi L’nited P S new 6Vi 7 U. S. Light * Heat 1 Vi 1 9-16 U. S. Light A Heat pfd. 1% 111-16 Wright-Martin 2 6 Yukon Gold Mine C 0... 96 100 Jerome 3% 3V4 New Cornelia 19 20 United Verde 27 % 28 Sequoyah 2 8 Omar Oil 1% 111-16 Republic Tire 50 60 CHICAGO STOCKS (By Thomson & McKinnon) —July 26 Open. High. Low. Close Am Shipbldg .76 ... ... ... Arm A Cos pfd 99 99 98 % 98 Vi Chi El Rys pf 0% 6 6 Com Edison. 130 130 Vi 130 130*4 Earl Motors. 33 2Vi 2si Libby-McNeill 2Vi 2Vi 2 % 2Vs Mont Ward.. 22 22 21 Vi 21 Vi Pig Wig •■A” 41V4 41 >4 41 41 Vs Reo Motor.. 13 13Vi 13 13% Stew-Wamer. 44% 44 V 44 Vi 44 Vi Swift & Cos.. 101% 101% 101 101 Vi Swift Inti... 19 19 18% 19 rhomp (J.R.) 60% 50% 50 50 On C & C... 66Vi 56% 66% 56V4 Wahl 59 59 58% 58% W rig-ley 104 104 103% 103% Yellow Taxi. 70% 71 7014 70%

New York Stocks (By Thomson A McKinnon.) —July 26

Railroads— Prey. High. Low. Close, close, t Atchison ... 102 % 101 % 101 % 102 Vi Atl. C. Line. 107% 107 107 107% 5- & 0 54% 53% 53% 54% Can. Pacific..l39 139 139 138% C. & 0 69 % 68 68 68% ,C. & N.W.Ry. 75% 75 75 Vi 75 C. R. X. & P. 43 42% 42% 43% Dei A Hud...123 123 123 Del. & Lack. 127 126% 126 Vi 126% Erie 16% 16% 16% 16% Erie Ist pfd. 23% 23% 23% 24% Gt. N. pfd. .. 81% 79% 80 81% 111. Central..lo7 107 107 106% Lehigh Val.. 63% 02% 62% 63 Vi L. A N 128% 128V* 128% 129% Mo. Pacific.. 22 21% 21% 22% Mo. Pac. pfd. 53% 53% 53 % 54% N. Y. Central 95 % 94 % 94 % 95 % N.Y.N.H. AH. 30% 29% 29% 30% (North. Pac.. 76 % 75% 75% 78% Nor. A W 109% 109 109 109 I Pennsyl 45 44 % 46 44 % I Reading .... 74% 73 73% 73% I So. Ry 24 % 24 24 % 24 % So. Pacific... 90 89% 89% 90 j St. Paul 28 27% - 27% 28 Ist. Paul pfd. 43% 43 43% 44% St.L.AS.W.pfd. 45% 45% 45% 44% | St.L.AS.Fe R. 27Vi 27 Vi 27% 27% Tex. A Pac.. 28 28 28 28% | Union Pac...131% 139 140 141*4 1 Wabash 12% 12 12 12% j Wab. pfd 31% 30% 30% 31V* ! Pgh. A W. V. 37% 37% 37% 37% > Rubbers— Ajax Rubber 14 18% 13% 13% i Fisk Rubber 14 13 14 14% Good. Rubber 38 37 37 38 K.-Sprlngfield 47 45 % 45 % 47 j K. T. A R. Cos 11 9% 10% 10 Vi V. S. Rubber 60 67% 57% 60 i Equipments A. C. AF. ..166% 166 166 j Am Loco. ..115% 114 114 115%! Baldwin L 000.117% 115% 115% 117% j Gen. Electric.l7sVi 174 174 .... Lima Loco. .107 105% 105*; 106 Vi P. 8. Car . . 80% 80 80% : Pullman ...121 119% 119% 120% 1 Rv. Steel 5..105 105 105 106 ! West. Elec. . 60% 59% 59% 00% ( SteeU—--1 Beth. •B" . 77% 75% 70 77 j Colo. Fuel . 30 30 30 ! Crucible 85% 83% 83% 84% ; Gulf States . 81% 79% 79% 82 | Lackawanna . 78% 77 77 78% ; Midvale .... 35% 34% 34% 35% Otis 12 11 11 12 Replogle ... 32% 31% 31% 32% Rep. I. A S. 73 71% 71V, 72% S.-Sheffteld .45 45 45 * U. S. Steel..lol% 99% 99% 160% U. S. S. pfd .120% 120 120 120% Van adlum .. 46 Vi 45 45 46 Motors—i A. B. Mag. . 88 % 38 38 | Chand. M. .. 65Vi 03% 63% 65% ! Gen. Motors. 14 13% 13% 14% (Hud. Motors 22 21% 21% 21% : Max. M. “B” 22% 21 21 21V, ! M. Truck .. 58% 56% 50% .... Pierce-Arrow, 11% 8% 10 11 1 Studebaker .135% 131 Vi 131% 133*4 | Stromberg. ... 43% 40% 40% 43Z i Stew-Warner. 44% 44% 44% 44% j j Willys-Over.. 8% 8 Vs 8% 8 V* Mining,— Butte CA Z. 7 6% 8% ... Butte Sup . . 28 % 28 % 28 % 28 % ; Dome Mine 9. 29% 29% 29% 30 Int Nickel ..17% 17Vs 17% 17% 1 Coppers—- ! Am Smelt .. 61 59 % 59 % 66% ; Anaconda ... 53% 52 % 52% 53% i Chile Cop .. 22% 21% 21% 22% j Kennecott .. 36% 35% 35% 35 V, j i Miami 29 % 29 % 29 % 29 % 1 Nev Cons .... 16 % 16Z 16 % 16 % i | Utah Cop ... 64 Vs 64 Ul'.i 04%. SUGAR PLAYS ACTIVE j Export Refined Market Prices Soaring. i By United Financial NEW YORK, July 26.—The raw sugar market is active at the best prices of the year. Between 200,000 and 250,000 bags of Cubas were pur- J j chased by refiners at 3Vic cost and • t freight. Federal was one of the larg- j est buyers, securing some 100,000 bags of Cubas for August shipment at this j price. National bought 26.500 bags. ; Atkins 30,000 bags for Philadelphia ■ and American 15,000 bags prompt and j i August shipments at the same figure. I American bought 5.000 bags of old ! crop Cubas at 3 and 11-16 cents cost ; i and freight; National bought 61,000 ’ ' bags of Porto Ricos also prompt and i ■ August shipments at 5.36 c c. i. f., de- | livered. There are rumored sales of i 100,000 bags additional to American. | August shipment at 3%c cost and freight. Undertone of the market is strong with indications pointing to higher prices. Raw sugar opened ! steady today: August 3.05'53.70c; September. 3.80® 3.Slc; November, 3.855? 3.86 c; December, 3.93 @ 3.94 c. Export refined sugar market is soar ! ing with sales at 4.95 c and 5 cents ; f. a. s., new high for the year, up 30 | to 40 points in the last day or two. MARKETS CLOSE SLOW | Reactions Overtake Earlier Spurts in Trade. By W. H. GRIMES United Financial Staff Correspondent. NEW YORK, July 26.—Curb trad- ; ing which started active with promise j of higher prices today soon broke and j the close of the market was reactionary. A somewhat spectacular break by Cities Sendee common sea-1 tured the late trailing, the stock dropping from 205 to 197. The bankers shares and the preferred sold down in sympathy. Skelly Oil also dropped to 9 during the afternoon, but at the close recovered % of a point. This is around the low levels on the present move, despite the statement of officials that the company is will able to withstand cuts in crude oil and is in a strong financial position. Standard Oil of Indiana, after reaching 108%, again dropped and closed at 106%. Boston Montana Consolidated and Mother Coalition were active among the minings. The former went from 84c to $1.16 in early dealings and then dropped back to 94. Mother Lode on active dealings bettered yesterday’s close by % and then dropped back to 10, off %. Durant Motors got from 42% to 41%at the close, but it acted well in comparison with other stocks. The activity was not shared by other motors. Phillip Morris went off a point during the day but regained 21. New York Telephone preferred also was up % point. IN THE COTTON MARKET By United Financial NEW YORK. July 26.—Cotton futures opened heavy, off 13 to 21 points today on selling by New Orleans, South, wire houses and Wall street. Liverpool bought near deliveries while there was buying probably lor Japanese interests. Recoveries of a few points on short covering after the opening failed to bo maintained and options showed further losses of 4 to 11 in the first half-hour. Open. High. Low. Close. January 21.02 21.16 20.74 20.93 March 21.01 21.12 20.75 20.89 May 20.89 20.89 20.87 20.72 October 21.20 21.43 20.96 21.18 December ... 21.15 21.33 20.90 21.06 By United Financial NEW ORLEANS. July 20.—The market was nervous at the opening of the local cotton exchange today and futures were off 18 to 25 points on weak cables from Liverpool. Unusual weather conditions in parts of the cotton belt, the industrial crisis and pending Government and private reports gave trading an uneasy tone. October opened at 20.70 c, off 25 points; December. 20.65 c, off 18 points; January. 20.58 c. off 23 points; March. 20.43 c, off 19 points. By United Financial LIVERPOOL, July 2fle—The increased demand for spot cotton at the opeaiing today caused easier prices. Sales 7.000 bales; receipts 3.700, Including 2,100 American. Futures opened quiet and steadyOpen. High. Low. 13:30. July 12.81 12.81 12.63 12.63 October 12.25 12.28 12.09 12.10 December .... 12.12 12.12 12.00 12.00 January . 12.03 12.06 11.85 11.80 March 1X99 IXB9 IXBO IXBO

| Prev. High Low Close. dose. Ray Cons ..16% 16% 10% ... U S Smelt .. 4040 4040% Oils— Cal Petrol... 68% 50% 57% 68% Cosden 41% 40% 40% 41% Houston Oil . 73 72 72 73 Invino Oil ..12% 12% 12% 12% Mex Petrol . 108 102% 163% 164 Mid St OH . 12% 12% 12% 12 74 Mex SB 27% 21% 22% 27% Pan-Am Pet. 74*% 72% 72% 73 Pac Oil .... 55 52 % 52 % 55 % Pierce Oil . . 7 % 7 % 7Vi 7 % Pro and Ref 37 36 % 30 % 37 % Pure Oil ... 28 27 % 27 % 27 % Royal Dutch. 65% 53% 53% 53% 8 Oil of Cal. 103 101% 101% 103% 6. O of N. J. 178% 178 178 179 Sinclair 30% 29% 30 30% Texas C 0.... 45% 45% 45% 45% Tex. (LAO. 24 Vs 24% 24% 24% Trans-Con. Oil 14 13% 13 Vs 14 Union Oil . . 19% 19% 19% 19% White Oil .. 7% 7% 7% 7% i Industrials—- | Alfied Ch 68% 68 68% 08 % Ad. Rumley. 17% 17% 17% 17% j Ailis-Chalm.. 53% 52 % 52% 63 j Am. Can 59% 58% 58 % 69% lA.H.A L. . 13% 13% 13% 14 I A H.AL. pfd 68% 68% 68% 69% Amer. Ice ..107% 107% 107% 100 ! Am. Linseed 33% .33% 33% 33% ! Am. Woolen 90% 90 90 90% I Cen. Leather 39% 37% 37 % 39% ! Coca-Cola .. 70 69 Vs 69 % 70 Comp. AT.. 04% 04 64 64% ; Cont. Can. . 74 73 % 73 % 73 | En.-Johnson. 82% 82 82 82% Pam. Play... 81% 81% 81% 81% | Gen. Asphalt 71% 68% 08% 70% j Inter. Paper. 5.3% 52 62 52% Inter. Har. . 10.3 10.3 103 103 i Loews 15% 15% 15% 15% 1 Mont. A Ward 22 21% 21% 21 % Nat. Enamel 55% 53% 53% 54% Nat. Lead... 100% 99 99 % 101 i Owen Bottle. 35% 35% 35% 35% Pittsburgh C. 63 % 63 63 63 % Sears R 80% 78% 78% 79% United Drug. 80% 78% 79 79 U. S. R. Stor. 62% 03% 02% 62% U. S. C. I. P. 34 33 33 34 U. S. In. A!.. 65% 02% 04 03 I Worth. Pump 51 61 51 i j Woolworth .108% 107% 168% 160% Utilities— Am. T. A T.. 122% 122 122 122 Brk. R. Tran. 25 24% 24% 25% Consol. Ga5..121% 1.‘0% 120 * 121% Colum. Gas.. 92% 91% 91% 92 People's Gas 87% 85% 85% 87 West. Union. 105 104% 104% Shipping— Am. fnt. Cor. 42% 41% 41% 42% Am. Ship A C 20 19% 20 20 Atl. Gulf. .. .30% .30 33% 35% Inter. M. M 18% 18% 18% In. M. M. pd. 73 71 71 71% ; Foods— Am. Sugar.. 82% 80% 81 81% I Am. Beet Sug 47% 46 % 40% 47 Austin Nieh. 20% 25% 25% 20 Am. Cot. Oil. 26% 26% 20% 26% Corn Prod... 108% 100% 107% 108% Cuba C. Sug. 17% 17% 17% 17 j Cub. Am. Sug 20 Vs 25% 35% 26% Wilson A Cos. 44 44 44 44% Tobueros—- ! Am. Sumatra 38 38 38 .37 % ! Am. Tob. C 0.143% 142 143% 143 j Gen. Cigar... 75% 75 75 75 Miscellaneous Stocks—- : Alaska Gold. % % % Term Copper 10% 10% 10% 10% j Am. Stl. Fdy. .37 36% 30% 37 ! Dav. Chem. . 44% 4.3% 44 45% R J Reyn. B 45% 45% 45% 45% !U. S. Realty. 71% 71 71 ; Callahan ... 8 7% 8 ..... CHICAGO HOGS DROP General Stock Maintains Fair Level. By United Financial CHICAGO, July 26.—Hog prices) were sharply lower at the Chicago j stock yards today. Although the fig- ; ) tires were off 15 to 25 cents from yes- I terday’s average, tl ey showed loss of | about 35c from tha' day’s high levels. ! Receipts today were 22,000 and a hold- J I over supply of 14.000 flooded the yards, j The ten big marks reported receipts !of 94,000 against 92,000 last Wednesj day. Receipts of 9,000 cattle were consVerably lighter than sellers had exi pected and p -ices were 'steady to j strong. Big killers took 200 head in consignment direct from other trading points, and were sow in buying from local traders. The ten big markets posted receipts of 84,500 compared with 38.000 a week ago. Sheep prices held steady to strong with active demand from local big j killers. The fresh supply is 14.000 ; j compared with 16,000 the correspond-I ing last week. The ten big markets had a total supply of 36,500 against 42,000 last Wednesday. Shippers report serious delay In the j arrivals of livestock on the main trunk railroads. Fresh cattle have arrived too late for the day’s market on several occasions ami have been held over with the stale supply. This means considerable holdover expense and a shrinkage which is a heavy loss to the shippers. Stock is being moved into Chicago on automobile trucks from nearby points to relieve the railroad delays. INDIANAPOLIS STOCKS —July 26 Stock* Bid. Ask. Ind. Ry. A Light com. ... 57 ... Ind. Ry. A Light pfd 84% ... Indpis. St. Ry. 40 Indpis. N. W. pfd.., ... Indpis. A 9. E. pfd. T. H. T. A L. pfd 70 T. H I. A E. com 1 6 T H. I. A E. pfd 2% 7% U. T. of Ind. com 3 U. T. of Ind. Ist pfd 10 15 V. T. of Ind 2d pfd 1 6 '■ Advance-Rumely pfd ... | Advance-Rumely com ~ .. Am. Creosoting pfd 94% ... •Belt R R. com 50 ... •Belt R R. pfd. N 50% ... Century Bldg. Cos. pfd. ... 94 ... Citixens Gas Cos 20 ... City Service com 201 206 City Service Cos. pfd 05 % 08 American Central Life 1n.... 200 ... I Dodge Mfg. pfd ... i Home Brewing 55 ... i Ind. Hotel com 88 ... j *lnd. Hotel Cos pfd 89 ... I Ind. Natl. Life Ina. Cos. ... 2 ... i *fnd Title Guarantee 50 ... Ind.* Pipe Lines . „ 87 ... Indpis. Abattoir pfd 48% ... •Inupls. Gan 45 ... IndplH. Tel. pfd 90 Indpis. Tel. com 1 ... Mer. Pub. Utl. pfd 75 ... i Natl. Motor Car Cos. . . .. . 2 4 | Pub. Savings Ins. Cos 8% ~.. Rauth Fert. pfd 49 ... Standard Oil of Indiana ... 100 .... Sterling Fire Insurance Cos.. 7 ... Van Camp Hdw pfd 90 ... Van Camp prod Ist pfd ... 97 100 j Van Camp Prod 2d. pfd 100 j Vandalia Coal Cos. com ...., 1 4 Vandalia Coal Cos. pfd. ... 7 13 Wabash Ry. pfd 30 34 Wabash Ky. com . 11 14 Bonds Broad Ripple 6s 82 % ... Citizens St. R. R. 6e 83 86% Indiana Creek Coal A M. os. 100 1 Ind. Coke A Gas 8s 80 91 ! Indpis. C. A S. os 92 ... Indpis. A Martinsville 5s ... 01 % ... j Indpis. Northern 5s . .*•*... 85 68 i Indpis. St. Ry. 4 05 07 V* Indpis. A N. W. 5s 54% 69 Indpis A S. E. os 40 ... Indpis Shelby AS.E.Ss .. . 05 T. H. I. A E. 5s 05 Citizens Gas 5s 86% 88 Indpis. Gas 5s 80 87% Kokomo M A W. 5s 80% 92 Ind. Hotel Cos. 8s 99% . ; Indpis. Water 5s 90% 100 Indpis. Water 4%s 85 ... | Indpis. T. A T. 5s 84 80 ! Indpis. L. A H. 5s 92 94 U. T. of Hid. 6s 59% ... Mer. H. AL. 5s 99% ... New Tel. L. 0. 5s 97 New Tel. Ist. 6s 97 ... South. Ind. Power 0s .... 86 % 91 Civic League Meets A postponed meeting of the Southeastern Civic Improvement Club will be held tonight at the home of M. C. Churchill. 1815 Fie cher Avo. Change in the law on assessment for street improvement, new playgrounds, street improvements and esp" service will be discussed. Butler Removal Discussed Removal of Butler College was discussed at a meeting the Lions Club iruiay At Llib UttAd LIDQOifIU

THE INDIANAPOLIS TIMES

SWINE DEMIDS REMAIN SLICK; PRICES DECLINE Light Receipts Force Cattle Up, Calves Waver and Sheep Hold Steady. BANGS Os HOG PRICES. Good Good Good July mixed. heavy. light. 19. $10.75-10.85 $10.50-10.75 $10.85-11.10 20. 10.75-10.85 10.50-10.75 10.80-11.00 21. 10.90-11.00 10.50-10.00 11.10-11.30 22. 10.00-11.00 10.59-10.90 %t. 15-11.33 24. 10.75-10.85 10.40-10.80 11.00-11.15 25. 10.25-10.60 10.40-10.05 10.76-1090 26. 10.15-10.50 10.30-10.50 10.00-10.80 The downward trend of hog prices continued today at the local livestock exchange. With receipts about normal at 8,000, prices dropped 10<g)15c. with a top of about $10.85. Light receipts caused a bullish sentiment in the cattle section, boosting prices 15 @2 sc. Only 600 head were received. Some choice steers brought $10.40. The calf market saw prices lowered about 10c, with 700 receipts. Good to choice calves were bringing s9@ 9.50, with a top of $lO. With receipts of about 80, sheep and lamb market continued steady, with a top between sll and sl2, —Hogs—--100 to 150 lbs. average ....$10,005? 10.80 Over 300 pounds 10.40 H 10.55 150 to 300 pounds 10.65 fa 11.35 Rest pigs under 140 lbs. ... 10.40(3110.65 Roughs Top 3 0.85 Bulk of sales 10.40(310.55 Stags O.OO U 7.25 —"Cattle*—- i Few choice steers 10.15(310.40' Prime corn-fed steers, 1,000 to < 1.300 lbs 8.65@ 0.10 Good to choice etaers. 1.000 1.300 lbs 8.15(35 8.65 Good to choice steers. 1,000 to 1.200 lbs 7.50 ($2 8.25 Good to choice steers, 3.000 to 1.100 lbs 7.25© 7.50 j Common to medium eteere, 800 to 1.000 lbs 0.50® 7.25 —Cows and Heifers— Few choice neilers 0 25® 9.75 | Good ot choice heLfers 8.25® 9.00 Medium heifers 7.75® 8.25 j Common to medium heifers.. 6.60<$ 7 50' Good to choice cows 5.75{J 0.50 Common to good cows .... 3 75*i 6.75; Canners 2.50 3.50 | Cutters 3 2o | —Balls— Fancy butcher bulls 6.25 <0 8.00 j Good to choice butcher bulls. 4.50 fa 6.00 Bologna bulls 3.60 fa 3.75 : Light bologna bulls 300 fa 3.25 Light common bulls 3.00 if 3.50 : —Calves— Choice veals B.OO® 950 Good veaU fi.sofa 9.00; Medium veals 7 00 fa 800 Lightweight veals G.OOdt 7.00 Heavyweight veals 6.00 fa 6.50 Confmon heavies 3.00(tf 5.50 j ! To/ 10.00 —Htorkers and Feeders — : Good to cliotcq item under 800 ibs 5.25 fa 7 50 Medium cows * 3.50 fa 3.75 Good cows 4.00 fa 4 d> , Good heifers 6.00 fa 7.60 | Medium to good heifers .... 4 50fa 5.75 Milch cows and springers.. 35.00fa86.00, —hheep and Lambs—i Cull ewes 1.50 fa 2.00 Good to choice ewe* 2.50 fa 500 . Bu k 2.00 fa 3.30 , Yearlings OOOfa 8 00, Springer* 900 fa 12.00 j Cull* ... . . 3.50 fa 0.00 OTHER LIVESTOCK By Unit'd Financial CHICAGO. July 26—Hog’s—R<veipts. 22.- | I O0O: market, Isjf2sr lower; top. $10.05: bulk of sab’s, $8.25 10.60; heavy weight, $0.M>4i10.25: medium weight. $10.15 v 10 00: lightweight, *lO 55 u 10.05 : light, $10.35 ft i0.60; heavy packing sow s. $8 U 'lj.ti.lo; packing sows rough. $7 oOt<CB 2O; pigs. $9.?5(a 10.50. Cattle—Receipts. 9.000: market, steady to strong; choice and prime. $9.85 (ii 10.85: medium and good $8eg9.85. common, $0.751g8; good and choice, $8.75® 10.30; common and medium, $0.65 W 8.75: butcher -attls and heifers $5)5 (ft 8.85: cows, $3.0®5.15; bulls, : $4.254t0.00; canners, cutters, cows and' ! heifers. $2.05 413.90; • anner steers. $3.50 U I j 5.25; veal calves, $3.754i10: feeder steers, $5.05®7.75; Stocker stners, [email protected]; j stocker cows and heifers. $3 50(it 5.75. Sheep | I —-Receipts. 14.000: market, steady to ! strong; lambs, $11.50*12.85: lambs, cull land common, $74t11.20: yearling wethers, $84410.85: ewes, [email protected]; cull to common ewes. $2 4j.3.75. CINCINNATI, July 26—nogs—Receipts, 5,500; market, weak, 15 4tosc lower; heavies, [email protected]: mediums, 10.50(a 11; lights. $11; pigs. $10: roughs. s<.so; slags. $6 41 5.25. Cattle —Receipts. 500: market weak; bulls, steady; calves. $lO, Sheep and lambs—Receipts, 2,000. market. steady; ewes, $5410 50; choice lambs, sl3: seconds.. $8; culls. $3% 5. CLEVELAND. July 20.—Hogs—Receipts. 1 3,000. market, 25c lower; yorkers, $11.25; mixed. $11: mediums, $10.50: pigs. $11.25; roughs, $8.50; stags. $5.60. Cattle-—Re-ceipts, 350; market, active; good to choice steers. $9 4(9.50; good to choice heifers. $6 4{7; good to choice cows. $4.50 4t 5.50: fair to good cows. $3.50414.50: common cows. $2.00 44 3.50: good to choice bulls. $5 4i ti: mill hers. $354(75. Sheep and lambts —Re-j ceipts. 000; market, steady; top. sl2. ! Calves—Receipts, 350; market, 50c up: top,; sl2. KANSAS CITY, July 20.—Hogs—Receipts, | 9.000; market, 25c lower: bulk. $9 85 41 10.1 O; heavies, $9.354110; butchers, $9 90 <310.50; lights, $lO% 10.20; pigs. $9 50% 10.50. Cattle—Receipts. 7,000: market. 25c lower; prime fed steers, $9.60(0110.25: plain to fair dressed beef steers, $7 4(9.50; i Western steers, $0.75 <J 9.50: Southern steers. [email protected]; cows. $2.25497: heifers, $5410.25: stockers and feeders. $44( 8 25; bulls, $2.25 %5: calves, $4.504<9. bheop Receipts. 3,000; market, steady: lambs. $7.50012.25; yearlings. $8.50010.50; wethers. $0.5007 75; ewes, $507; Stockers and feeders. $9.25 4911.50. EAST BUFFALO, July 26.—Cattle—Receipts. 400: market, slow; feeders. $5.50 44 i 0.50; shipping steers. $84910; butcher; grades. $7 25498.25: heifers, $507.7.; cows. ; $2.50490.50: bulls. [email protected]: milk cows] and stringers. S2OOIIO. Calves—Receipts, 250: market, slow; cull to choice. $4 4913- | Sheep and lamb—Receipts, 1200; market active: choice lambs, $11.25011.35: cull j to fair. $7 4911; yearlings. $6 010; sheep, $349 8. Hogs—Receipts. 2,400; market, active: yorkers. $11.004911.75; pigs. $11.05 4411.75; mixed. $11.15 4941.40; he#vy. $10.75(311; roughs. $8.25498.50; stags. $5 0 0. EAST S r LOUIS, July 20.—Cattle—Receipts, 5.500: market, strong, steady: native beef steers, $5.75 44 6 50; yearlings, steers and heifers, $3.75 % 10.50: cows, $3.75490.50; Stockers and feeders, $3,500 7.25; calves. $5.60498.75; cows and heifers, $2.50443.50. Hogs—Recc pts, 12.600market, 25c to 40c lower: mixed and butchers. $lO 254910.50; good to heavy, $9.7549 10.10; rough. $0 25448: light. $lO 400 10.85; pigs, $104410 05; hulk, $10,400 10.75. t Sheep—Receipts. 4,500: marko steady; ewes. $300: canners and choppers, [email protected]; wool lambs, $11.504912. PITTSBURGH. July 20.—Cattle—Supply, light; market, steady: choice. $0.50 @ 10; good. $8.75 499.25: tidy butchers, $8 @9: fair. $0.50 08; common. ss@B: common to good fat hulls. $4.5049 6; common to good fat, $700; heifers. $5.5008; fresh cows and springers. $35 4985; veal calves. $10.50; heavy and thin calves, $4 0 0.50. Sheep and lambs—Supply, 1,500; market. 25c loiver; prime wethers, $7; good mixed. ss.so(jj 6.25; fair mixed, $4.60 0 5.25: culls and common, $1492.50: lambs, 'sl2. Hogs— Receipts, 1,500; market, 10c lower; prime heavy hogs $10,750 10P0; mediums. $11.75 @11.85; heavy yorkers, $11.75 <® 11.85; light yorkers. $11.76011.85; pigs. $11.75 011.85; roughs, $74(8; stags, $4.50@5; heavy mixed. $11.25 011.50. CHICAGO PRODUCE By United Financial CHICAGO, July 26.—Butter—Reeeipts, 9,094 lba.; creamery extra, 32%0; standard, 31%; firsts. 28@31%C5 packing Btock, 23 4924. Eggs—Receipts, 13.272 cases: current receipts, 19 019% c: ordinary firsts, 18 4918%c: firsts. 19@20e; extras, 214421%0; checks. 17c; dirties. 174917%e. Cheese— Twins, new, 18% 4918 Vic.; Daisies, 180 18%e; Young Americas, 19@19%c; Longhorns. 19% 020 c: Brick, 18@18%c. Live poultry—-Turkeys, 25c; chickens. 21 %c; broilers. 22@27c: roosters, 13%c; geese, 13 %o; geese, 14 021 c; ducks, 22c. INDIANAPOLIS PRODUCE Eggs—Fresh, 19c. Butter—Packing stock. 19c. Poultry—Fowls, over 4% lbs., 21c; under 4% lbs.. 10c: broilers, 1% lbs. up, 27c; broilers under 1% lbs., 24c. Cocks and slags, 12c; young tom turkeys over 12 ,bs., 27c: young hen turkeys over 8 lbs., 27c: old tom turkeys over 8 lbs.. 220. Geese over 10 lbs, 12c; ducks over 4 lb*.. 16u; Ajufljw 11 lb*, to the dozen. 16a.

CORN AND WHEAT BULLETIN For the twepty-four hoars ending at 7 a. m„ Wednesday. July 26. 1922. Temperature C c *4 Station* of . *3*s Indianapolis a —ob* District f’H Sk &§£ c g os'? bfiaa &Y! <D C South' Bend 83 I 01 0 i Dusty Angola 85 61 0 Good Ft. Wayne 82 62 0 Wheatfield 89 63 0 Good Royal Center ... 82 62 0 Good Marion 84 02 0 Good Lafayette 88 66 0 Good Farmland 85 01 0 Good Indianapolis .... 85 69 O Good Cambridge City . 86 60 0 Good Terre Haute ... 88 70 0 Bloomington .... 92 05 0 Good Columbus 95 64 0 Good Vincennes 91 08 0 Good Paoli 01 08 0 Evansville 08 72 0 J. H. ARMINGTON, Metorologist. Weather Bureau. CHICAGO GRAINS END UNCERTAIH; EXPORTS HEAVY Corn Follows Wheat Advances on Markets, Weakening Abruptly. By United Press CHICAGO. July 26.—Grain prices closed irregular on the Chicago Board of Trade today, following a day of easy fluctuations. Wheat encountered heavy export J I buying during the morning and lyd | I the market to advanced figures. Sell- j ing pressure just before the close, j however, sc-nt prices off fractionally, j and the close was about even with' yesterday’s level. j Corn followed wheat on the advance | and broke sharply with independent weakness on reports of rains through out the t orn belt and lower hog prices ■ in the big western markets, i Oats showed some independent ; strength on export buying and prices i were fractionally higher. Provisions were lower. CHICAGO CRAIN TABLE By United Financial —July 20— WHEAT— Open. High low. Close. July... 1.09% 1.10% 100% 1.09% Sept... 1.07 % 1 .08 % IOH % 10.% I De--.... 1.09 % 1.10% 1.09% 1.00% | CORN—- - July... .01% .62% .61% .61 % 1 sept .. .02% 63% .61 % .81 % | De-- 68% .69% .57% .57% I OATS— July... .31% .32% .31% .S3 % J Sept..-. .33% .34% .33% .33% , Doe 30% .37% .36% .36% LARDI July... 11.32 1132 1117 1120 Pept... 11.37 11.37 11.25 11.25 Kins—i Ju1y...10.87 10 90 10 70 10 70 Sept... 10.00 10 90 10.70 10.75 RVE— July... .79% SO% 70% .79% Sept... .7 8% .78% .78 .78 %; | Dec 19% .80 .70% .70% ; CHICAGO CASH GRAIN By United Financial CHICAGO. July 26 —Cash grain Wheat— 1 No 2 red. $1.11: No. 3 red. SI.OB. No. 2 i srd. $1 12 %. Corn —No. 2 yellow 84%c No. 3 yellow. 64%'-; No 4 yellow. 64--; No ; 5 yellow. 04--: No. 6 yellow. 63c No l mixed, 64 %e: No. 2 mixed 04 -■; No. ' mlx-'d R4o: No. 4 mixed. 03%e: No. ! mixed. 63.-; No. 1 white, 64\-. No 2 while, 04 %e: No 3 white 4%c; No. 4 white. 64- : No 5 white. .’)%<•: No. 6 j while. 03 %e. Oats —No. 3 white. 34 No 1 white. 32 %e. Barley—s7'it 60c. Rye— No ", 80 %c. Timothy—s 4 05. Clover —sl2 018. INDIANAPOLIS CASH GRAIN —July 26 — . Bids for ear lots of grain and hay at the -all of the Indianapolis Board of Trade were: Wheat—Through billed, easier; No, , red. 09c @sl.ol. Corn—Steadv: No. 3 white. filU, (iHle; No 4 white. 00 0 00%-: No. 3 yellow. 60% 4461 - No 4 yellow, 604t60%e: No 3 mixed. 59% 000 c; No. 4 mixed 6@ 60 %o. Corn—Easier; No 2 white. 330 33 He: No 3 white. 323r%e. Hay—Track Indianapolis, weak No. 1 timothy. [email protected]: No. 2 timothy. sl6 | @10.60: No 1 light clover mixed. sls it 16.50: No. 1 clover hav. sl4 5049 15. New, ha.v quotable at $2 50-it 3. under old. —lnspect loos— Wheat—No. 2 red. 30 cars; No. 8 red. 31 cars; No. 1 mixed. 1 car; No. 2 mixed 2 cars Total. 04 cars. Corn—No. 4 white. 3 cars: No. 6 white. 1 car; No. 3 yellow, 1 car; No. 4 yellow, 3 cars; No. 5 yellow. 2 cars; No. 0 yellow. , 3 oars: No. 3 mixed. 9 oars: No. 5 mixed, i 1 car. 'Total, 15 cars. Total number of cars for day, 92. j Oats—No. 3 white. 4 cars; No. 4 white. I 1 rar. Total. 5 ears. Rye—No. 2. 2 cars; No. 3, 5 cars. Total 7 ears. Grain prices quoted f. o. b. basla 41 %c rate to New York. PR’MARY MARKETS (By Thomson & McKinon) —July 26 Reeeipts Wheat Corn Oats Sioux City.. 85,000 8.000 Chicago 913,000 420,000 282,000 Milwaukee .. 1.000 22.000 40.000 i Minneapolis. . 256.000 36,000 51,000 i Duluth 83.000 130.000 43,000 St. Louis 235,000 181,000 103,000 Toledo .... 59,000 0.000 | Detroit 6.000 0.000 10,000 i Kansas City.. 828.000 25.000 17,000 ! Peoria 04,000 31.000 45,000 •Omaha 130,000 69,000 74.000 Indianapolla. . 90,000 35,000 20,000 Totals ...2,704.000 982.000 094.000 Year ago ....3.839 809,000 2,034,000 Shipments Wheat Corn Oats Sioux City 43,000 30,000 St. Joseph .. 41,000 31.000 Chicago .... 209.000 1,132,000 251,000 Milwaukee . . 8.000 264,000 339,000 Minneapolis. . 90,000 102,000 144.000 Duluth 75.000 St. Louis 134,000 110.000 62,000 Toledo 1,000 0,000 1,000 Kansas City.. 292.000 80,000 5.000 Peoria 54,000 55,000 45,000 Omaha 270.000 127.000 60.000 Indianapolis. . 16,000 6,000 6,000 Totals ...1,202.000 1,960,000 933,000 Year ago. .1,318,000 485,000 253,000 Clearances Wheat Com Oats New York .. 10.000 17,000 25.000 Philadelphia.. 20,000 114.000 ....... Baltimore .. . 153,000 70,000 Totals 188,000 201,000 25.000 Year ago .. 700.000 210.000 193,000 WOOL SALES MEDIUM Slight Demand Stimulates Brief Activity. By United Financial BOSTON, July 26.—While there xvaa no broad demand for wools yesterday there developed some business which gave the market a more active appearance. Lower prices at Liverpool and London auctions were reported, and In London there was reported to be practically no demand for heavy clothing cape wools, but a fair buying Interest for Marines. New England mills continue to take wools from bond in Boston, these wools having been purchased at s@loc a pound under present quotations. The continuance of the spring, 1922, openings is expected to encourage buying to a considerable extent, as soon as manufacturers can decide just what grades of goods will be in the keenest demand.

BOND TRADING 111 LARGE VOLUME AS PRICESSTiT DP High Points Shade Off in Last Hours With Fewer Deals Made. By W. H. GRIMES United Financial Staff Correspondent. NEW YORK, July 26.—80nd trading today started in large volume with prices quickly getting fractionally above the levels maintained at yesterday’s closing. In the last hours trading turned stagnant and prices shaded off fractionally except In a few issues. Total sales showed greater than on any day this week, but that in a large measure was due to the activity in Victory 4%5, part of which issue the Government has announced it will call. These bonds today not only reached 100.78, the best figure in some time, but accounted for more than a third of the volume of trading, nearly $6,000,000 changing hands. BIG DEFICIT IN _ STEEL EARNINGS Quarterly Statement Shows Disappointing Result on June 30. By United .Wtr* NEW YORK, July 28. —Net earnj ings of the United States Steel C’or- | poration for the three months ending ! June 30, 1922, were $27,286,945, and ! r. deficit of $1,462,345. First quarter this year net earn- ! ings were $19,339,985, deficit $6,749,j 486; second quarter iast year the de--1 licit $4,571,600 net earnings $21,892,016. During the past three months corporation's mills have run about 75 per cent of capacity. COTTONSEED OIL By United Financial NEW YORK, July 26.— Early sales ;of cottonseed cil totaled over 6,000 • barrels. The market was weak, with : prices 14 to 16 points net lower. A i drop of 12 to 15 points in lard and a | break of 15<5; 25c in hogs brought : about scattered selling and conslder--1 uhle professional pressure, the weaker tone in cotton inducing some of the I selling. Support was limited tG.scale ; down buying and a pood part of the demand came from shorts. The entire list showed a heavier tone and ; little rallying power. ; <'ash trade was reported quieter, • while crude oil continued to come out J very slowly and there was no hedge j pressure of importance on the marik- t. The trade is looking for a favorj able Government cotton report next Tuesday*. Cotton weather was fairly pood, al- 1 1 though there was no moisture in , Texas, where it would be beneficial. | A local element does not look for ; any tight cash situation In the old j crops, believing that the consuming demand will not broaden materially, owing to the wide difference* in the price of old and new crop months.

AN EDUCATIONAL EVENT OF INTEREST TO EVERYBODY

Every (Sajr Iron tOo*n. to lo f*m. you can see Fords orv THE UNIVERSAL TRACTOR Hauling heavily loaded trailers, all types, at a cost per ton mile that means real money saving. Lifting and moving huge blocks of stone —handling heavy steel beams —at a saving in time and money that mean real economy. Operating steel shovels, excavating and carrying the load at one operation —and at new low cost. Running like a railroad —palling trailer trains on “pick-up" and “drop-out" schedules at a cost which will surprise you. Hauling lumbar —bulky loads —doing work you have never seen done by an Industrial Tractor before. See TMs Show Send your Traffic Manager —your Factory Superintendent —come yourself —these demonstrations will prove how the Fordson will reduce operating coots and make money for you. Don’t Forget the Time and Place ADMISSION FREE!

Opening call: July, [email protected]; August, 10.52 @10.55c; September, 10.53 @10.55c; October, [email protected]; November, [email protected]; December, [email protected]; January, [email protected]; February, 8.29@ 8.31 c.

$500,000 INDIANA ROAD BONDS To Yield 4Vi % 1 to 10 Year Maturities SIOO,OOO REAL ESTATE PREFERREDS to Yield 6% 1 to 16 Year Maturities These bonds include the unsold portion of Bond Circular No. 348, together with new issues of attractive denominations and maturities. Tn this class of tax exempt securities we are offering the experience of 31 years without a loss to any investor. Full information will be gladly given on request established in IS9I thcerpcsrafecJmfflOJ J. F.Wild State Bam:; Wwnapoks Indiana, USA.

We Offer the Unsold Portion of the Common Stock of American Shoe Rebuilders, Inc, E. HOWARD CADLE, Prea. PAST RECORD Year. Stores in Working Gross Average Income Operation Capital. Earnings Per Store. 1917 1 SI,OOO $14,000 $14,000 . 1921 11 $167,000 $378,000 *27,000 This corporation is the successor to the American Shoe Repair Company, which In five years increased its gross American earnings 2600% and its average Income per store S Shoe 93-r. It is the purpose to expand its chain of 14 Rebuilders, Inc. 6tores to a total of 100. _ S got Merchants AMERICAN SHOE / Indiana® o*s. REBUILDERS, Inc. Without obligation on my S' part give me further informa- ■ „ . _ . tion concerning your proposition. I E. Howard . Cadle. 1 Fres. / Name Issuer's License . No. 555 S' Address '•j” DUESENBERG MOTOR STOCK Newton SELL 415 LEMOKE BUILDING TOiiO

JULY 26, 1922

Light and License Taken A thief took a tail light and license plate No. 359634 from the automobile of J. Frank Shannon, 2557 Indianapolis Ave. The car was parked at Ohio St. and Capitol Ave.

tb H*n'-Ihity Haulage Tractor The Fwtchl* Lo&Atog CratM The Portaole Shekel