Indianapolis Times, Volume 35, Number 22, Indianapolis, Marion County, 6 June 1923 — Page 11

WEDNESDAY, JUNE 6, 1923

IRREGULARITY IS /EYNOTE OF EARLY STOCKDEAUNGS Individual Issues Furnish Features, While General List Holds Steady, The WALL STREET JOURNAL NEW YORK. June 6. —Trading was light in the early dealings on the stock exchange today, but confidence was in evidence in the general list with particular buoyancy noticeable in New York Central, .which moved to a night on the current upswing, presumably discounting increased dividend declaration at the directors’ meeting next week. Steel common was in demand at the best levels of the week and other leading industrials were generally higher. First Hour Fluctuations in the latter half of the first hour were for the most part meaningless as the changes were largely confined to fractions. The general opinion seemed to be that the market had been sold to a standstill. One trader said that if the professional activities were removed from consideration, transactions would not xceed 150,000 shares daily. When rofessionals and floor traders are doing nothing the ticker is almost at a standstill. Second Hour Spurts of activity at rising prices occurred toward noon in American Can. Studebaker and a few other industrial leaders but the general list continued dull, the only features being breaks in individual issues effected by special developments. Pure Oil made anew 1923 low reflecting the falling off in earnings which necessitates the reduction in dividends. American Express went to the lowest point since 1920. Noon Hour Traders appeared to ignore the midday heat in the noon dealings in which Bpecial strength in May Department Stores was evidenced by a 3-point jump on rumors that the company might enter a proposed amalgamation of important stores of its chain. American Locomotive also reached anew high on the week’s move and Baldwin showed substantial gains, due to Improved transportation business. Fourth Hour Rails were stimulated in the afternoon trading by the inauguration of dividend payments in Pere Marquette at a $4 annual rate. This suggestion of growing prosperity in the transportation industry was reflected in the demand which sprang up for American Locomotive. Baldwin. Steel and other shares of companies likely to benefit by an expanding business ovement for the account of various .rrier systems. Closing nour. More distinct indications were present in the day’s exchange session that professional operators who had worked rigorously on the side of declining prices during April and May were making extensive preparations to become as aggressive for the advance the momgent evidence was furnished that sufficient orders were in sight to insure continued business operations and movements in the list were clearly of bullish origin. Local Bank Clearings Indianapolis bank clearings Wednesday were $3,519,000: bank debits were $6,553,000. Foreign Exchange By United Financial NEW YORK. June 6. —Foreign exchange opened lower. Sterling—Demand. $4 62 % : cables. 54 62 % Francs—Demand. 6 46c:: cables. 6 46%c. Lire—Demand. 4 67%c; cables, 4 6 Sc. Belgian—Demand. s.sßVic: cables. 6.50 c Marks—7s.22s to the dollar Czecho—Demand. 2.99 tie: cables. 3c. Swiss—Demand. 18.03 c: cables. IS 05c. Guilders—D“mand. 39 21c: cables., 39.24 c. Pesetas—Demand. 15.15 c: cables. 15 17c. Sweden—Demand. 26.63 c: cables. 26 67c. N.mway—Roman i. 16 57c: cables. 16.61 c. Denmark—Demand. 18.26 c: cables, 18.30 c.

AFTERNOON CURB TRADE OFFSETS EARLY DULLNESS Listless Session Ends in Spurt of Aggressive Activity. JZy United financial rj NEW YORK. June 6.—The curb Market, after a listless session today, held steady in the afternoon trading and turned higher in some directions. American Locomotive and Delaware & Lackawanna Coal stood out, the former going to 71 l 4 and the latter being up 3 points at 91. Anglo-American Oil at 15% was up Eureka Pipe at 103 was off 1%, and Prairie Gas at 139% was up %. One hundred shares of Mammoth Oil sold at 51. against the final sale Monday at 86, at which price odd lots changed hands. Produce Markets CLEVELAND. June 6.—Butter—Extra in tubs. 40% ® 44tc: prints, 431s © 15tic: packing stocks. 30® 34c. Ergs—Freeh Fathered northern extra-, 27 %e: Ohio firsts. 26@ 25He: western firsts, new- cases. 22 He. Poultry—Heavy fowls. 27®2Sc: light fowls. 23®25c: stags. 18c: cocks 15@17c: broilers. 40® 55c ducks, 18® 25c. Potatoes— Michigan. 15C-ib f airs. $1.75: Florida Rose, new stock. No. 1 $7.25@550 a barrel: No. 2 $6 a barrel. CHICAGO. June 6—Butter—Receipts. 16.282: creamery extra. 37He. standards, 33 % s 34c: firsts. 35® 36c: seconds. 33 H® 34c. Eggs—Receipts. 26.607: ordinary firsts. 21 H®22c: firsts. 23He. Cheese— Twins, 24c: young .Americans, 24 % @2sc. Poultry—Receipts. 3 cars: fowls, 22c: ducks. 13® 23c: geese. 13® 23c; turkeys. 20c; roosters. 13c; broilers. 39® 44c. Potatoes—Receipts. ISO cars Wisconsin and Michigan round white. 75® 90c: Alabama Triumphs. $3®3.35: South Carolina Cobblers. $6.50® 6.75. NEW YORK, June 6.—Flour, quiet and unsettled: pork, steady: mess. $26.50: lard, tym: middle west spot. $11.70® 11.80: Rgar. raw. steady: centrifugal. 96 test. 8 03e refined steady: granulated. 9.75® 9.90 c: coffee. Rio, No. 7 on spot. XI % ® 11 tic; tallow, easier: special to extra. 6 T 4 ®7%c; city. 6He; dressed poultry, dull: turkeys. 25® 42c: chickens. IS® 42c: fowls, 13® 13c: ducks 20® 27c: live poultry, easy: geese. 15®16: ducks. 15®25c: fowls. 26c: turkeys. 25®35c: roosters. 13c: broilers. 25® 55c: cheese, quiet: state whole milk, common to specials. 20® 29 He: state, skims, common to specials. 10® 18c: butter, easier: receipts, 20.575: creamery extra. 38 ®3BHc: special market. 39>4 ®39He: state dairy tubs. 34H®38%c: eggs, weak: receipts, 40.164: nearby whites, fancy. 38 ®4oc; nearby state whites. 27® 38c fresh firsts to extras. 26 %® 30c: Pacific coast, 32® 38c: western white, 27® 38c: nearby browns, 32® 37c.

New York Stocks (By Thomson & McKinnon) —June 6

Railroads— Prev. High. Low. 1:45 close. Atchison ...101% 101% 101 B & 0 49% 48% 48% 49% C & 0 65% 65 65 65% Lehigh Val.. 63% 63 63 63% L & N 90% 90 90% 90 N. Y. Cent . 100% 99% 99% 99 N.Y.N.H.&H.. 18% 17% 17% 18 Penn 44% 44% 44% 44% Reading 74% 74 74 74% So. Pac 89 % 89 89 89 St. Paul pfd. 37% 37 37 37 Union Pac...135% 135% 135% 135 y Rubber*— Keily-Spg. .. .. 44% 43% 44 44 Equipments— Am, Loco ..143 142 142% 142% Bald. Loco. 132% 130% 131% 132 Lima Loco.. 65% 65 65% 65% West. Elec... 56% 56 56 56 Steels— Bethlehem .. 53 52% 52% 52% Crucible ... 73% 72% 72% 72% Midvale 27% 26% 27 27% R. Iron & S.. 60% 50% 60% 50% U. S. Steel.. 97 96% 97 96% Motors— Chandler M.. 61 60% 61 61 % Gen Motors 15 14% 15 14% Studebaker ..113% 112% 112% 112% Timken 35% 38 / 38% 38 Coppers— Amer. Smelt. 60% 60% 60% 60% Anaconda ... 45% 55% 45 45 Kennecott ... 36% 36% 36% 36 Utah Copper. 64% 64% 64% 64% Oils— Cal. Petrol ..113% 111 113 112% Cosden 48% 47% 48% 47% Houston Oil. 63 62Vi 62Vi 62 Mar Oil 43% 42% 43% 42% Fan A Pete A 75 % 74 % 75 74 %

ADVANCE IN CORN SENDSGRAINS UP Curtailment of Country Offerings Creates Demand, By United Financial CHICAGO, June 6.—Under leadership of corn, grain prices advanced at v the close of the Chicago Hoard of Trade today. Supported by a fair class of local buying, wheat retained its strength. Liverpool closed higher with increased contintntal demand and marked decrease in near by deliveries. Demand for cash corn was more urgent with country offerings showing drastic curtailment. Farmers throughout the Southwest, holding the bulk of the old crop, were reported awiting for higher prices before shipping to market. Oats made sympathetic gains. Trading was light. Provisions were practically unchanged. Demand was lacking. Chicago Grain Table Jan 6 WHEAT— Prev. Open. High. Low. Close, close. Julv.. 1 09% 1.10% 108% 1 10% 109% Sep,. 109% 1.10 108% 110 109% Dec. 1.11% 1.12 1.10% 1.12 1.11% CORN— July.. 82% .82% .81% .82% .82% Sept.. 78% .79% .78 78% 78% Dec. 67% .67% .66% .67% .67 OATS— Julv.. .41% 42% .40% .42% .41% Sept.. .38% .39 .38% 39 .38% Deo. .40.40% .40.40% .40% LARD— July. 11.25 11.37 11.25 11.35 11.25 Sept. 11.50 11.60 11.47 11.55 11.47 RIBS— July.. 9.25 935 925 932 922 Sept.. 955 9.57 9.50 952 9.50 RYE— Julv.. .69% .71 .69% .70% .69% Sept.. .71 .72% .71 .72% .71% CHICAGO. June 6 —Car lot receipts: Wheat. 14 corn. 48: oats. 58: rye, O; barley. 10.

Cash Grain

INDIANAPOLIS. June 6 —Total receipts for the day. 52 cars Grain prices quoted f. o. b basis, 41 %e to New York Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were. Wheat—Through billed, firm: No. 2 red. SI 16® 1 18. Corn —Steady: No. 3 white. 79% ©Bl %e: No 4 white 78® 80c; No 3 yellow. 79® 80%c: No 4 yellow. 78©79%e: No. 3 mixed. 77®. 79c: No. 4 mixed. 76® 78c. Oat* —Strong: No. 2 white. 40%®42e: No. 3 white, 39®42%c. Hay—Strong: No 1 timothy. sl9® 19 50: No. 2 timothy, 518 50® 19. No. 1 light clover mixed. sl7 50® 18; No. 1 clover hay. sl7® 17.50 —lnspections Wheat—No. 2 red. 2 cars: No. 3 red. 4 cars. Total. 6 cars. Corn—No. 2 white. 14 cars: No. 3 white, 3 cars: sample whito. I car: No 2 yellow. 12 cars: No. 3 yellow, 1 car. Total. 31 cars. Oats—No. 2 white. 9 cars. No. 3 whtte. 3 cars: No 4 white. 1 ear Total. 13 cars. Hay—No. 1 timothy, 1 car: No. 1 light clover mixed. 1 car. Total. 2 cars. Grain Briefs CHICAGO. June 6 —Corn sales during the past twenty-four hours aggregated 260,000 bushels, the best domestic business reported for some time. The exportable surplus of the Argentine winter wheat crop was officially placed at 80.000,000 bushels, about the same as last year. Floods, followed by heavy rains in Kansas are expected seriously to damage the wheat crop. The chinch bug and Hessian fly damage is also expected to be severe. Several leading Kansas City grain houses unable to get corn have withdrawn all bids from the open market. Crops from Omaha to Des Moines are in good condition with cultivation general where fields are not too wet. an expert wired. Following beneficial rains over the drought-stricken area of Australia, an increase in country offerings is looked for. Local Hay Market Loose hay—sl9®2o; bales, $18®20; heavy mixed hay, $lB ©2O: light mixed hay, $lB ©2O. Corn—9o ©9sc. Oats—so® 65c. Local Wagon Wheat Local mills are paying $1.15 for No. 2 red wheat.

Business News

NEW YORK. June 6.—A committee of five composed of Ogden Budd. former president of the Consolidated Exchange: Clarence R. West. Harry I. Luber. Leopold Splngarn and William E. Power has been working consistently eince May 16 on an investigation into the acts of William S. Silkworth, president of the exchange, and other officials of the exchange. Officially the work of ccmtnlttee of five is said to cousiet of an investigation into "all phases of the connections of the exchange with the bankrupt firms of E M. Fuller & Cos.. Kardos & Burke and Ruskay & Cos. All acts under investigation occurred before July, 1922. Since that date more than 300 tickers have removed from brokerage houses suspected of "bucketing.” The board, it was officially stated, would act according to the committee's recommendations. More than 93 per cent of the houses now dealing on the exchange are guiltless of bucketing, officials contend. CHICAGO—Thirty locomotives have been ordered by the Atchison, irom the Baldwin Locomotive Works for delivery in the last quarter of the year The sale involves $2,100,000. NEW YORK—Auditors working on the books of Jones & Banker. formerly the larges? curb house brokers, now bankrupt, will present their preliminary report next week. According to present plans, settlements will be made with customers as of the day of bankruptcy. The board of governors of the Curb Exch nge ridiculed the idea that trading on margin will be discontinued because of the Jones & Baker failure. NEW YORK —Advices received says Royal Dutch Petroleum has declared a final dividend of 16% per cent. This makes 16% c- cent for year against 31 per cent In 1021. Jj -

1:45 Prev. . High. Low . and. m. close. Mid States Oil 9 % 9 % 9Vi ... Pan APB. 69% 68% 69% 69% Pacific Oil .37 36% 36% 36% Phil Pete ..50% 48% 50 48% Pro and Ref. 43Vi 42 43% 42 Pure Oil ... 21% 19% ,20% 22% St O of Cal. 53 % 52 % 53 St Oil of NJ 35 34% 34% 34% Sinclair .... 29% 28% 29 29 Texas Cos ... 45% 45% 45% 45% Industrials—Amer Can ..10% 99% 100% 99% Amer lee ... 99 100% Amer Wool.. 91% 90% 90% 89% Cent Leather 25% 24% 24% 25 % Com and Tab 74 73% 74 73 Cont Can.... 47 % 46 Va 46 % 46 % Fam Players. 78% 78% 78% 79 Gen Asphalt. . 35 31% 33 34% Int Harvester 79 76% ’ 78 79% May Stores.. 85% 82% 65% 82Vi Mont Ward.. 22% 22% 22% 22% Nat Enamel. 65% 65% 65% 65% Owen Bottle. 44% 44 44 44% Seirs-Roe .. 77% 73 77% 75% U. S. In. Ale. 56% 56 56 56% Woolworth ,227 V* 226% 227% 226 Am. T. & T. 124 123% 123% 123% Consol* Gas.. 62% 61% 62 62% Shipping— Am. Int. Cor. 23% 23 23% 23% Atl. Gulf.... 17% 17% 17% 17% In. M. M. pfd 28% 27% 28 29 Foods— Am. Sugar.. 72% 72 72% 73 Corn Prod. 131% 130% 131 130% Cub. C. S. pf. 51 % 51 61 52 % Punta Alegra 59% 58% 59% 59% Tobaccos— Tob. Prode.. 53% 53 53 Vi 51%

Indianapolis Stocks —June 6 Bid. Ask, Am Cent Life ~,....200 ... Am Creosotmg Cos pfd 97 ... Adv Ruraely Cos pfd Belt R R com 66 70 Beit R R pfd 53 Century Bldg Cos pfd 98 Cities Service com 163 155 Cities Service pfd 07 69 Cit Gas Cos com 20% 23 Cit Gas Cos pfd 96% 103 Ind Hotel com 100 , Ind Hotel pfd 100 . . Ind Nat Life Ins Cos ... . 9 ... Ind Pipe Line Cos 104 107 Ind Title Guar Cos 70 80 Indpls Ab pfd 45 ~ . . Indpls Gas 5( % 63 Indpls & Northwestern pfd... 40 Indpls & Southeastern pfd 60 Irdpls St R ft 64 70 Indpls Tel com 1 Indpls Tel pfd 90 Indpls Water pfd 103 105 Mer Pub Util Cos pfd 85 Nat Mot Car Cos 3 Pub Sav Ins Cos. 12 ... Rauh Fertilizer pfd. 50 . . . Stand Oil of Ind 58% 60 Sterling Fire Ins Cos 8% ... T H I Sc E com 3 T H I & E pfd .. 14 19 T II Tr 4 Lt Cos pfd 93 97 Union Trac of Ind 1 com 3 % 5 Union Trac of Ind Ist pfd... 34 Union Tr of Ind 2d pfd ... 8 9% Van Camp Prod Ist pfd ... 95 ... Van Camp Prod 2d pfd . 90 Vandalia Coal Cos com 2 5 Vandalia Coal Cos pfd 13 16 Wab R R Cos com 8% 10 Wab R R Cos pfd 29 30 Ronds Belt R S Y 4s. May. 30 82 Broad Ripple 5s 66 69 Cit Gas 5s 86 88 Cit Gas 7s 100 103 Ctt St R R 5s 84 8<! Ind Coke and Gas 6s 90 94 Ind Hotel 5s 92 ... Ind Hotel Cos 2d 65.. 100 Ind North 5g 47 % . . Ind Ry and Lt 5s . 90 95 Ind Union T-ac 5 47% ... Indpls Ab Cos 7%s 100 103 Indpls Col & So 6s 97 100 Indpls Gas 5s 86% 89 Indpls Lt & Ht 5s 94 96 Indpls & Mart 5s 60 64 Indpls jNorth 5s 63 % 56 Indpls A N W 5s .-. 52 % 55 % Indpls It 8 E 5 40 . . Indpls Shelbv ASE 5s 52% . . Indpls St Ry 4* 63 % 66 Indpls Trac and Terra 55.... 85% 88 Indpls Union Ry 5s 94% ... Indpls Union Ry 4%s 95 . . Indpls Water 5s 99 100 Indpls Water 4% ..... . . . 85% 87% Kokomo Mar & W 5s 104% 105 80 Ind Power 6s 101 T H Indpls A 15 5s 70 74% Union Trac of Ind 6s 71 7-i Marriage Licenses Harold Entwistle. 33. 2819 Kenwood; Mary Hanlon. 34 31 6 Holmes. E. C Bonder, 30, 1155 Spann; Elsie Janhe, 28. 1413 Spann.

R A r.ilkin*. 25, 3469 N. Illinois. Irene L. Copnoi-k. 24, 3184 Kenwood F. P. Dugan, 23. Cleveland; Alice Atkinson 24, 206 S Holme*. D J. Landricran. 24. 816 Ghadwick: Mary Shanks. 22. 615 9. California. J A Wrizers, 50. 409 Blake; Cornelia Lewis. 40. 553 Patterson B. ,1 Deegan, 34 Arlington Apts.; Ruth Cha‘-teen, 36. 536 N. Bevtlie. Harry Silverman. 21. Racine. Wts.; Jeanette "Pollock. 19, 1725 Northwestern. O W. Lock". 35. Spenoer Hotel; Esther Biadway, 32, 572% King. Mnrrl9 Zutran. 29. Orangeville. Pa.: Jennie Nicholson, 29. 222 Downey. H. D. Freas. 27. 2010 N. Meridian: Edith Norton. 25. 306 Spink-Arm* Hotel Donald Mann an 27. 232 N Jefferson; Elizabeth Monroe, 16. 232 N Jefferson. Jesseo Belle. 25. 423 Agnes: Clara Hill. 25. 423 Agnej*. R T. Wise, 22, 2805 Northwestern; Alma Whltoly. 20 2105 Sugar Grove Leroy Stolting. 32. 3824 W. Michigan; Sarah Osborn, 27. 2045 Tipton. F. E Cooney, 21, Greenfield. Ind.; Edna. Pogue 19. Edgewood, Ini. R M Dwinell. 21. 1322 S. Pershing: Gladys Master, 18 R. R C . Box 400. H T Mack, 55. 1730 Thandias: Anna Skales. 54. 1730 Thandias. w T Gist 35 .314 N. Senate; Lee Allen. 32. 1932 Boulevard PI, Louie Godbold. 22. Ft. Harrison; Cora Taylor, 18. 239 Beauty. L .T Jones. 25, Chicago; Alice Rankin. 22. 135 N. Sheffield. J. .1. Lang. 22. 416 E Thirty Third; Mabel Wooten. 21, 265 Hendricks PI. C. E Taylor. 22, 1216 B. Palmer: Mary Walker, 21 1061 N. Sheffield. Lorn Fralleh. 24. 36 N. Dearborn: Helen Lyons, 24. 12.34 Linden. Manuel Dobrowttz. 21. 11.30 S Capitol; Sarah Segal. 18, 818 Maple. •I E Kirk. .39. 330 S. New Jersey: Margaret Sullivan, 20. 726 Lord Plullip Eubank. 23. 710 Drake; Helen Bumohus, 19, 1.338 N. Missouri. Births Boy* Edmond and Martha Hadlev, 221 S Summitt. Clay and Rachel Carpenter. 930 Miley. William and Henrietta Schubert. 322 N. Forrest. Walter and Jennie Trittipo, 2713 N. Station. Ctrl* Arthur and Pansy Meriweather. 1367 Silver, Steve and Ruth Robinson. 1306 Yandes. Joseph and Annetta Deganutti, 717 N. Haugh. John and Ella Wertenberger. 910 Warren Joe, and Rebecca Rosenthal. Methodist Hospital. Darwin and Elsie May, Methodist Hospital. James and Nora Gavaghan. 24 N. Temple. Ralph and Ala Mattox, .306 N East. Virgil and Ilita Catterlln, 627 Lockerbie. Roscoe and Sarah Roberts, city hospital. Richard and Myrtle Camden. 1855 Draper.

Deaths Ruth Elizabeth Reed, 1. 411 Smith, measles. Julia A. Hlnesley, 81, 4800 Hinegley, chronic Interstitial nephritis. Infant Bothweli. 1 day. Eighteenth and Churchman, premature birth. Irma L. Bridgins, 23. 127 N. Denny, tubercular peritonitis Frank Byrkit. 72. 106 Kansas, acute Interstitial nephritis. Loren D. Yaryen. 28. 2240 Pierson, tuberculosis. Building Permits Cl.as. E Holloway & Sens, reroof. 536 N. Orients!. .$230 Lee Miles, double. 1943 Valley, $4,500. Frank Klein, reroof. 1326 Leonard. S3OO. A. Cohee. addition. 813 N. Tefhple. $766. H. F. Brandt, garage. 940 W. ThirtyFourth. $250 M. M. Andrews, dwelling, 601 N Denny, $3,500. Sinclair Oil Company, sign. New York and Sherman Dr.. $226. D Wines, addition, 730 N. West. $1,500. John F. Pryor, dwelling, 2426 Manlove, $350. W. F, Butler, garage, 2914 Park, $384. Terminal Warehouse Company, wreck, Pennsylvania and Georgia. $3,000 William P Jungelaus Company, hotel building, 725 N. Peansylvanai. $120,000. William A. Quillin, dwelling. 4703 Wintbrop. $3,500. William A. Quillin. dwelling, 4710 Winthrop 53.500. Robert Stein, repairs, 3419 W. Washington. $550. C M. Freeman, addition, 4135 Carrollton, SIOO. W A. Anst. reroof. 305 N. State. 5400. Warren Dickson, dwelling. 1357 Roache. 53,900. A. Dalby, double, 2826 W. Jackson, $6,500. : Ida W. Thirty-See-i,, . aw Vyfifji/TJBs rKfcfrf ~

THE INDIANAPOLIS TIMES

HOGS ARE STEM TO NICKEL LOWER Large Supply Causes Late Slump in Market, Hog Prices Day by Day May 250-300 lbs 200-225 lbs 150-180 lbs. 31. 7.35@ 7.40 7.40® 7.45 7.45® 7.50 June 2. 7.60 7.60© 7.65 7.60© 7.65 4. 740© 7,45 7.40® 7.45 7.45© 7.50 5. 7.25® 7.30 7 30® 7.35 7.30® 7.35 6. 7.25 7.25© 7.30 7.25© 7.30 Prices for hogs bought at the local stockyards today showed little change from Monday, though the market was quotably steady to 5 cents lower, due to the fact that none brought Tuesday’s top of $7.35 while a great many more sold at $7.25 than on previous trading. The market opened generally steady with shippers and packers buying at $7.30, Tuesday’s bulk price, but the price dropped a nickel before three-fourths of the supply of 11,000. which included 915 holdovers, had been absorbed. Rough packing sows were soiling generally at $5.50@ 5.75, while the smooth and In-between grades were moving at [email protected] and strong weight pigs sold up to $6.50. The cattle market was fairly active on receipts of 800, with packers and shippers bidding strong on choice steers, of which there were quite a number offered for sale. Good butcher stock found a satisfactory demand. The calf market puffered another slump of a half dollar, due to large local receipts and decrease in outside demand. Choice veals were sold at $10.50 down while the bulk moved from $9 to s’.o. Receipts. 1.000. The sheep and lamb market was active at quotations steady with those of Tuesday, c hoice spring lambs bringing sls while ewes sold down from $5.50. Receipts, 600. —Hog* 150 to 200 lbs $ 7 25® 7 30 Medium 7.25© 7.30 Heavy 7.25 Ton 7 30 T*ur 6 00© 6 50 Tacking hows 5.50® 5.75 —Cattle— Few choice steers .... . $ 8.75 ©10.85 Prime corn-fed steers, 1.000 to 1.300 .be 9.00© 9.50 Good to chon* steers. 1.000 to 1.300 lbs 8 50© 9.00 Good to choice steers. 1,000 to 1.200 lbs B.oo® 850 Good to choice steers, I.OCO to 1,700 lbs. 7.50© 8.00 Common to medium steers, SOO to 1.000 lbs 7.25® 7.50 —Cows and Heifer*— Choice light heifers $ 8 50© 9.75 Good light heifers 7 00© 8 76 Medium heifers 6 OO'iC 7 25 1 ommon heifers 6 00® 6 00 Fair cow* 4 00© 500 Cutters 2.75® 3.25 Canners 9.25© 2.50 —Bulls—• Fsm-y butcher bulls . . $ 6 00© 650 Good to choice butcher bull*. 6.00© 550 Bologna bulis 3.75® 4 50 —Cali e*Choice veals SIO.OO ©lO 60 Good veals 9.00® 10.00 Medium veals B.oo© DAO Lightweight veals 7 50© 8 00 Heavyweight v*aJ* 7.00© 7.50 Common heavies 6.00© 7.00 f Top 10.60 —Sheep and lamb*— Gulls $ 2 25© 325 Good to choice cwrea 4 no® 5 50 Few to choice ewes 13.00©15.00 Heavy lambs 11.00® 13.00 Cull iambs 9.00

Other Livestock /TV United Financial CHICAGO. June 6 Hog*—-Receipts 27.000; market, 5c to 10c lower: top. $7 25; bnik. $6.30© 7.15: heavy weight, $0 75© 7 10; medium $7 © 7 25: light. $6 110© 7.25 flight lights, $6.50© 7 15; heavy pack-1 tng sows. $0 10© 0.36; packing sows, rough. $3.75© 6.1 5; killing pig*. $5 50® 6.35. Cattle—Receipts .12 000. market beef steel's and yearlings, weak to 25c lower early top. 1.3.30-itx steers. $11.15: bulk steers, $9 ©10.25; better grade* fat sows and heifers, steady: lower grades, cow*, canners and cutters hulls, steady to weak: voa! calves, top p.-v kern. $8 50© 9 60. Sheep—-lii-s-lpts. 7.000; market, active; ateadv to strong: several decks native springs, sls 23, sorted light beet. $15.50: cull, around $11: good old crop lambs, sl4: medium to good California yearlings. $9 ©lO. KANSAS CITY. Mo. June 6.—Cattle— Receipts. 10.000: calve* 1,500; calve*, fairly steady; fairly good to choice vealers at sß© 9.70; a few- stock steers, steady: stock cows unevenly lowir. practically nothing doing on other classes; looks steady to lower on steer* and she Block; bidding unevenly lower on yearlings: bulk steers held at $11; run Includes around 3 000 Tcxa* Hogs—Receipts. 15.000: very slow; a few 20 260-lb. butcher* to traders. $6 75® $6.80 or steady to 5c lower than Tuesday’s average. Packers bidding $6 70 or 10c lower on medium weight butchers: packing sows, steady, mostly $5.65 Shfcp—Receipt*. 3,000: native spring lambs, generally 25c higher: small bunch at sls 10; several decks at sls; sheep, fully steady; Texas wethers. $650: bulk ewes. $5. CLEVELAND. June o—Hogs—Receipt*. 5.500: market, slow: yorkers. $7 110: mixed, $7 60: medium, $7.60 pigs. $0.75: roughs. $5.50; stags. $4 Cattle'—Receipts, 200; market, slow, unchanged: good to choice hulls, unchanged: good to choice steer*, unchanged; good to choice heifers, unchanged: good to choice cows, unchanged; fair to good cows, unchanged; common cows, unchanged; milkers, unchanged Sheep and lambs—-Receipts. 600: market. Blow and weak: top, sls. Calves —-Receipts. 600; market. $1 lower; top. $10.50. EAST BUFFALO, June 6.—Cattle—Receipts. 150; market, slow and steady; shipping steers, $9.50© 10.50: butcher grades. 58© 9 2-5 Calves—Receipts. 200; market, active and steady; culls to ehoire. s3© 11. Sheep and lamlia—Receipts, 800; market, slow; choice lambs. $16@17; cull to choice. $12.60© 18: yearlings. sl2 @l4: sheep, $3 ©B. Hogs—Receipts. 6.000: market, slow and steady; yorkers. s7© 7.80; pigs. $7; mixed. $7 80: heavies. $7.80; roughs. ss© 5.75; stags. $4 ©4.50. EAST ST LOUTS, June 6.—Cattle—Receipts, 3,000; market, steady: native beef steers, $lO 50; canners and cutters. $2.1 3.26: calves, $9.50®9.75. Hogs—Receipts, 17.500; market, active: heavy. $0.85©7.10: medium ,s7@ 7.15; lights. $0 73® 7.16: light lights. [email protected]; packing sows, $5.40 @5.75: pigs. [email protected]: bulk. [email protected] Sheep—Receipts. 3.500; market, strong. 50c higher: ewes, [email protected]; canners and cutters. [email protected]; wool lambs, $11.50® 13.75.

Dividends Today

NEW YORK. June 6.—Dividends announced today include: Kelsey Wheel regular quarterly dividend of $1.50 on common stock payable July 2 t oatock of record June 20. Humphreys Petroleum declared regular quarterly dividend of $1.26. payable June 15 to stock of record May 31. General American Tank Car regular quarterly dividend of 1 % per cent on preferred and semi-annual dividend of $1.50 on the common, both payable July 1 to stock of record June 15. Borden Company regular simi-annual dividend on common of $4, payable Aug. 15 to Stock of record Aug. 1. Also two quarterly dividends of $1.50 on preferred, payable Sept. 15 and Dec. 15 to stock of record Sept. 1 and Dee. 1. American Cigar declared regular quarterly 1 % per cent preferred dividend, payable July 2 to stock of record June 15. United States Tobacco declared regular quarterly dividend of 75c common and 1H per cent on preferred, payable July 2 to stock of record June 18. P. Lorlllard Company declared regular quarterly dividend of 3 per cent on common and 1“i per cent on the preferred, both payable July 2 to stock of record June 16 New York Money Market By United Financial NEW YORK, June 6.—Time money oftajed at 5 per cent, brokers bidding 4%. lowness sparse. Greater part at 6 per cent paper dull; businoes practically

Evansville Shrine Head

DELBERT BLACKBURN The Shrlno patrol, band and other tional convention In Washington, I) C members of Kadi Patrol, Evansville, ’ , . . . . Delbert Blackburn is potentate ox are having a great time at the na- the Evansville Shrine.

NEW TRADE LIKES MEET AT HAMBURG Germans and Americans Plan Service to Pacific, HAMBURG, June 6.—The Hamburg American, Hnrriman and Cosmos Steamship lines have formed a working agreement whereby regular shiprung service will be maintained Jointly between Hamburg and the Pacific Coast of North America by way of the Panama Canal, it was stated here. The ports to tie used Include San Francisco, Los Angeles, Portland, Seattle. Tacoma and Vancouver. The Matson Navigation Company is said to have made an arrangement with this combination for extending to Honolulu the Matson company’s service to Sun Francisco. It Is further stated that the Hamburg-Ameriean, Cosmos and Roland lines have revived their former Joint service from Hamburg to the west coast of South America, and that the Hamburg American and United American lines have formed a joint working agreement for a service, from Hamburg to the east coast of South America. In the Cotton Market By United Financial NEW YORK. June 6 —Cotton opened lower July, 26,70, off 5 point* Ocn.bor. 23.80 c. off 7 point*' December. 23.50 c off 5 point* January. 23.18 c, off a point*: March, 23 05. off )(> point*.

'a B nd Y LIBERTY BONDS Newton SELL 415 LEMIKE BUILDING | I OuU Orient Flat finish J dL GOODMv GOODS " A jyj! jrt is used, in a variety of color tones, for fAI lL L an d ceilings in many of the better IL) | | homes. This oil pamt gives a smooth, velI jjl vety, beautiful wall surface that is easily kept dean. j \ ' |Sf r If you are considering re-decorating your / \ j walls and desire beautiful etfefts at con> ill "L paratively small cost, we suggest that you see the Orient dealer near you. Indianapolis \ W VIC Paint 8C Color Company \ fYSI] 2 INDIANAPOLIS, IND:

Investments SECURED BY First Mortgage on Real Estate Yielding 6% Interest to the Investor Circulars Upon Request. Fletcher American Company Second Floor Fletcher American Bank Bldg. Indianapolis Chicago, Detroit, Louisville, South Bend. Private Telegraph Wire to Principal Financial Markets.

GRAVE DISTURBED; HAND IS POISONED Minnesota Citizen Unearths Mound of Indian, MINNEAPOLIS. June 6.—A poisoned, mysteriously blistered right hand is the blight that has fallen upon I. K Knight, local contractor, who unearthed the grave of a Sioux Indian chief on Battle Island, In Sandy Lake, three years ago, lt became known today. In the grave wore found the bodice of the chief and five warriors, facing the rising sun dressed in ceremonial garb. The Minnesota Historical Society believes the grave to be at least 200 years old. probably dating from the last great battle between the. Sioux and Chippewas, in which thousands of red men fell. It is feared that aboriginal poisons are responsible for the swollen and of the Investigator, who Is, however, recovering. A Powerful System of Trading Without margin*; $1,481 profit made on our FREE OFFER. Free booklet to you. N. V. Stock Exchange Issues. EBEL & COMPANY 20 Broad Street, New York.

TREAT! DELAY IS COSTING U. S. NAVY MILLION AMONTH Denby Decides to Await Final Status Before Resuming Building Pians, WASHINGTON. June 6.—Regardless of the continued delay in final ratification of the Washington Conference Naval Treaty the United States will maintain its suspended naval construction program until the status of that agreement is definitely settled. Announcement of the renewed decision to this effect was made today at the Navy Department in connection with the transfer to the War Department of ammunition originally designed for the main batteries of the seven battleships and four battle cruisers whose construction was stopped with the announcement of the 5-5-3 naval ratio agreement. More than three score of the new 16-inch. 50-calibre rifles were turned over to the War Department, after the conference, for installation in continental and insular coast defeses. When request for ammunition for these guns first came from the War Department Secretary Denby and his advisers declined to comply until the conference treaties had been ratified or otherwise disposed of. President Consulted After further investigation, however, which Included conference betweei President Harding and Secre-

“In Just a Minute” What happens? A woman powders her nose. A sluggard sighs. An aeroplane wrings through two miles of space. In the basic industries, minutes are precious units of time. In the portland , cement industry they are jammed with action. Last year the mills in this country produced 455,480,000 sacks of portland cement--867 6acks for every minute of the year. Replacement of wornout cotton sacks alone created a market for 50,000,000 new ones. 93 yards of 30in rh cotton cloth had to be woven every minute to make them—76 miles of cloth every twenty-four hours. And dynamite and other explosives—42,ooo pounds of them were shot every day to supply the giant crushers with the 130,000 pounds of raw materials used each minute. Every twenty-four hours the mills burned more than 30,(XX) tons of coal or equivalent fuel enough every minute to keep 2 average homes comlortably heated throughout the winter. This was in 1922. It has been estimated that building activities this year will create a demand for more than 480,000,000 sacks of cement. Government figures give the industry’s capacity as 600,000,000 sacks per year if the mills are not handicapped by transportation delays, strikes and fuel shortages. To many “in just a minute** means delay procrastination. To this basic industry it means speed and yet more speed in the production of a commodity that goes to increase the permanent wealth of the country. PORTLAND CEMENT ASSOCIATION Merchants Bank Building INDIANAPOLIS cA National Organization to Improve and Extend the Uses of Concrete Ad*at* De. Majaa Los Angeles Par keirburg S*n Francisco Boavon Detroit Milwaukee Philadelphia Seattle Chicaga Helena Minneapolis Pittsburgh St. Louta , DsUaa Indiana polls New Orleans Portland, Oreg. Vancouver. B. G Otar— Kansas City New York Sait Laka City Washington, D. C.

tary Denby relative to the Navy program, it was decided that it would be possible “to replace the ammunition prior to completion of the vessels for which it was intended should such action be necessary.’’ Cost of holding the Navy’s construction program in its present state of “suspended animation” has been unofficially estimated at $1,000,000 a month, exclusive of claims off contractors growing out of abrogated contracts. In every case where a ship was laid down in a private yard the department is liable for demurrage on the space occupied as well as for storage on material. Publicity, recently given to the practice in the Navy Department of stripping the navy vessels temporarily laid up under the naval treaty to equip other ships, has resulted in an order from the Bureau of Operations calling for a craeful survey of such activity to prevent permanent injury to the decommissioned ships. Two thousand shells, 2,000.000 pounds of special powder and 8,000 “tanks” or containers were included in the stores turned over to the War Department. Most of them were held at the Dover (N. J.) depot. Part of the shells will be shipped to Hawaii, where several of the sixteeninch rifles have been installed. NEWToFfoDD PURCHASES SECURITIES AT AUCTION Worm & Cos. Bonds and Byram Estate Common Stock Sold. Seventy-five thousand dollars worth of general and refunding 8 per cent ten-year mortgage gold bonds of Worm & Cos., due Feb. 1, 1931, with interest and principal payable at the Union Trust Company and 980 shares of common stock of the Byram Estate, Inc., valued at SSO a share, were sold at auction for the account of whom' it may concern at the meeting of the Indianaoplis Stock Exchange today. The Worm bonds sold for $20,000 and the Byram stock sold for $15,000 to Newton Todd, broker, acting for the National City Bank.

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