Indianapolis Times, Volume 35, Number 40, Indianapolis, Marion County, 27 June 1923 — Page 11

WEDNESDAY, JUNE 27, 1923.

BEARS FOLLOW UP MECENT SUCCESS WITH MORE GAINS Many Prominent Speculative Leaders Forced to New 1923 Lows, The WALL STREET JOURNAL NBW YORK, June 27.—Trading began listlessly in the stock market today, prices showing little variation k from the previous close. Studebaker Baldwin scored half-point gains recessions of equal extent took pnace in Corn, Products and American LSugar. Rails continued indifferent to ■ the striking improvement shown in statements of May earnFirst Hour v| Industrials developed increasing Bc-tivity at rising prices as trading the first hour progressed. Stude■aker recovered to 102 tg as compared Tuesday’s low of 10014 and gains were registered by and American Locomotive. Helling of Union Pacific and some of investment rails continued, but Hpe oils showed the best tone of reB&nt week, reflecting the more cheerful view taken of the trade situation. Second Hour Further liquidation- took among the investment rails and high grade coppers in the late morning, reflecting the wide dissemination of a bearish circular issued this week by a Massachussets statistical service and new lowfe on the movement were made by New York Central, Atchison and Delaware & Hudson. Livermore houses were less conspicuous on the selling side and many industrials offered encouraging resistence, despite selling in rails. Noon Hour £Ejgsistance shown by industrial leadthe late morning Vas broken the noon dealings and many : Jxßfcttve issues experienced further Qfes. U. S. Rubber sold at the lowKst price in ten years, while stop loss girders were uncovered in U. S. IndusPtrial Alcohol, forcing that stock down 3% points. Studebaker reached a further new low for the year at 99%, -and Baldwin touched new low ground, while Steel showed some resistance. Fourth Hour Stocks continued to display a sink tug tendency as the afternoon wore on ■and few market authorities be ■jfund who were willing to venture rally could be expected, as bearish news was universal in professional BRroles and no such news as dividend ■increase by Consolidated Gas or injunction restraining enforcement of Khe New York State $1 gas bill could Bnuster support for the side of raising Brices. Closing Hour

occurred in the final hour to stem the downward tide - -of both the rail and inclass and many representable Issues closed the day at levels resenting new low ground for 1923. > °f stop loss orders on the down was held partly accountHible for the severe break while conabsence of banking support ■that had been counted on to check the ■decline contributed to the recession and aided the professionals in carrying out their drive. Twenty active industrial stocks on Tuesday averaged 90.11, off 1.37 per cent. Twenty active rails averaged 80.23, off 1.23 per cent. Local Bank Clearings Indianapolis bank clearings on Wednesday were $3,060,000: bank debits were s<>,166,000. New York Money Market Jv £ mted Financial NEW YORK, June 27—Time jnoney marke quiet. Brokers bid 5 per cent; lending banks offer at 5’4 per cent on all maturities. Accommodation tor shorter dates closed at 5 per cent. Renewals at the same rates. Commercial paper market steady and with rates steady and unchanged. Hue names discount at 5 per cent; other iP&d names at 5% per cent. Foreign Exchange i By United Financial NEW YORK, June 27. —Foreign exchange opened lower Sterling, demand. $4.60 % : cables. $4.61. Francs, demand, 6.11 c; cables. 6.11 Vic. Lire, demand. 4.43 c: cables, 4.43 He. Belgian, demand. 5.21 c: cables, 5.21 He. Marks. 153,850 to the dollar. Czecho. demand, 2.99 He; cables, 300 c. Swiss, demand. 17.80 c; cables, 17.82 c. Guilders, demand. 39.20 c: cables ' 3lsS3c. Pesetas, demand. 14.74 c: cables. 14.76d., Sweden, demand. 26.48 c; cables, 26.52 c. Norway, demand, 16.52 c: cables, 16.56 c. Denmark, demand. 17.69 c; cables, 17.73 c.

Grain Briefs

, CHICAGO. June 27.—Unless there is a decided increase in country offerings of cash r>m, aborts might do well to watch the situation carefully, a leading operator declared. A meeting of agricultural economists and Statisticians to make a forecast of domestic %nd foreign demand for grains will be he'd July 11-12. r Oais stocks in Chicago public elevators total 406,000, of which 316.000 are held in private bins, leaving only 89.000 for July deliveries. Canadian fields are in favorable condition with sufficient moisture reported everywhere. Harvesting of the Kansas oat crop will be general tomorrow with the exception of the western third, where fields are backward. Nearly 75 per cent of Oklahoma s wiuier wheat has already been harvested, the State agricultural board announced. Bar Market 27.—The raw sugar 5.17 e bid: September, r. 4.87<2 4.69 c: March, r Orleans refiner has f Cuban raws for July nd f., off % from the ton Market s 27. —Cotton opened Oc. up 9 points: Ocjed; December. 24.30 c. i 24.50 c. oS 2 points. ;i|S§B<et

New York Stocks (By Thomson A McKinnon) —June 27 —

Railroads— At 1:45 Prev. Hisrh. Low. p. m. close. Atchison ... 99 % 98 98 100 B. A 0 46% 45% 45% Can. Pacific. .149 148% 148% 149 C. A0...... 59% 58 58% 60 C.. R. I. A P. 28 25% 26% 27% Del. & Hud.. 108% 107 107% 109% Gt. North, pt. 69 67% 68 69% Lehigrh Val... 60% 58% 60% N. Y. Cent..loo% 99 100% North Pac... 68% 67 68% 68% Pere Marquet 42% 40% 42% Penn 43% 43% 43% Reading: 70% 69% 70% So. Pac 87 85% 86% St. Paul pfd. 34% 32% 32% 33% St. L. A S.W. 29% 28% 29% Union Pac....131% 128 128% 131 Wab. pfd 29 27 27% 28% Rubbers— Goodrich R.. 25% 24 25% Kelyl-Spg-. ..33% 32 33% U. 8. Rub.... 42 38% 42% Equipments— Am. Loco. .134% 132 132% 133 Bald. Loco.. 121% 118% 118% 119 Gen. Electric 174% .... 172% 173 Lima Loco.. 61% .... 60% 61 West. Elec... 54% 54 54% 54% Steels— Bethlehem... 49 47% 47% 49 Crucible 68 63% 65% Gulf States. . 73 % 70 71 % ft. Iron AS.. 45 41% 43 44% U. S. Steel. 91% 00% 90% 91% Vanadium ..28% 26% 26% 28% Motors— Chandler Mi. 50 48% 49% Gen. Motors. 14% 13% 34% Max. M. (A) 38 37% 38 38 Max. Mot. B. 12% 12% 12% Studebaker .. 102 % 99 Vi 100 % 101 Stew. Warn.. 80% 75% 76 80% Timken 37% 36 36% 37% Minings— Dome Mines. 36 35 36% Int. Nickel.. 12% 12% 12% 13% Coppers— Am. Smelt... 55 % 54 54 55 % Anaconda ... 39% 39% 89% 40

CHICAGO GRAINS LOWER AT CLOSE Nervous and Erratic Trading Features Session, By United Financial CHICAGO. June 27.—Following a day of nervous and erratic trading, featured by many rallies and dips, grains closed lower on the Chicago Board of Trade today. Wheat maintained a stubborn undertone, and, after prices had advanced fractionally with some buying on the strength of better export demand, values reacted and reached new low levels on the crop. Trading In corn was affected by the weakness in wheat, and there was a slow cash demand. The Government report shofwed conditions ideal for crop growth. Oats weakned later. Trading was light. Low hog prices, weak cables and little demand brought declines in provisions. Chicago Grain Table • " June 27 — WHEAT — Prev. Open. High. Low. Close, close. Juiyf. 1.02% 1.03% 1.01% 1.01% 1.02% Sept.. 1.03% 1.03% 1.01% 1.01% 1.02% Dec.. 1.05% 1.05% 104% 1.04% 1.05% CORN— July.. .83 .83% .82 .82% .83% Sept.. .79% .79% .77% .78 Vi .79% Dec.. .67% .67% .66% .66% .67% OATS— July.. .41 % .41% .41 .41% .41% Sept.. .37% .37% .37% .37% .37% Dec.. .39% .39% .38% .39 .39% LARD — July. 10.85 10.85 10.80 10.82 10.87 Sept. 11.07 11.10 11.05 11.07 11.12 RlbS — ♦July 9.00 9.07 Sept. 9.20 9.25 9.17 9.20 930 RYE— July. .63% .63% .62% .62% .63% Sept. .66% .66% .65% .65% 66% •Nominal. CHICAGO, June 27. —Car lot receipts: Wheat, 15; com, 73; oats, 27 rye. 3: barley. 4. CHICAGO, June 27. —Primary receipts: Wheat, 630.000, against 628.000; corn, 544.000, against 1,048,000: oats. 425.000, against 642.000. Shipments. Wheat, 412,000, against 854.000; corn, 350,000. against 729,000; oats. 501,000, against 582,000. CHICAGO. June 27.—Wheat—No. 2 hard, $1.03%. Corn —No. 1 yellow. 86®80%c: No. 2. 85% @B6c; No. 0. 83@84c; No. 1 mixed, 84%c; No. 2, 84@84%c; No. 4,83 c; No 1 white, 85%c: No. 3.84 Vic; No. 6, 82c. Oats—No. 3 white, 42%@44%c; No. 4,38 c; standard, 35c. Barley—63c. Timothy—[email protected]. Clover; —[email protected]. ST. LOUIS. June 27.—Corn —No. 2 wihte, B@B%c: No. 4. 87c: July, 84c; September, 7%c; December, 65 %c. Oats—No. 2 white. 44 @44%c: No. 3. 43%@44c; July. 44 %c. Wheat—July, 99 %c: September, $1.00% ; December, $1.03% : No. 2 red, $1.12 @1.13; No. 3. sl.lo@ 1.10% ; No. 4. sl.Ol @1.02: No. 2 hard. $1.05.

Produce Markets

INDIANAPOLIS, June 27.—Fresh eggs, 16c: packing stock butter, 25c: spring. to 2 lbs., 86c: fowls, straight, 19c; fowls, under 4 lbs., 15c: leghorn, 25 per cent discount: cocks, 9c; young tom turks, 23c old tom turks. 18c; ducks. 5 lbs. up. 12c; geese, 10 lbs. up, 10c; squabs. 11 lbs. to doz.. $5. Indianapolis creameries are paying 38c a lb. for butter fat. NEW YORK, June 27.—Flour, quiet and weak. Pork—Steady. Mess—S2s. Lard— Weaker: middle west spot, $11.30® 11.40. Sugar—Raw, dull; centrifugal, 96 test, 7.78 c: granulated. [email protected]. Coffee— Rio,'No. 7 on spot. 1144 @H%c: Santos. 13%4@14%c. Tallow —Steady; special to extra. 6*4 @6 "4 c: city. 6c. Dressed poultry —Dull: turkeys. 25<842c: chickens. 18<2 52c: fowls, 12(0.28c ducks. Long Island. 25c: capons. 30 @ 46c. Live poultry— Weak: geese, 15@ 16c: ducks, 14 @2sc: fowls, 17® 22c: broilers, 25c, all via express. Cheese—Dull: state whole milk, common to specials, 21@26c: state, skims, common to specials, 10®26c. Butter—Firm: receipts. 21,957: creamery extra, 39c; special market. 39 % @ 40c; state dairy tubs. 34 @ 38 tic. Eggs—Firmer: receipts, 22,211: nearby whites, fancy, 41c; nearby State whites, 24® 28c; fresh firsts to extras, 24 14 ®3oc: Pacific coast, 28>4 @3Bc: western whites, 24® 38c; nearby browns. 31® 38c. CLEVELAND, June 27. Potatoes — Michigan, 150-lb. sack. best. $1.50®1.70; Petoskeys, $2 per 150-lb. Block: Florida Rose, new stock. No. 1 grade. [email protected] a brl; Virginia Cobblers. $5.75 a brl. Butter — Extra in tubs. 43%@45%0; 1-lb. prints. 44%@46%c; firsts, 46%@42%c: packing stock. 28 %®3O %c. Eggs—Fresh gathered northern extras, 27c: Ohio firsts, 22 %c: western firsts, new cases. 21% a PoultryHeavy fowls. 22® 23c; light fowls 15 @ 18c: cocks, 12 @ 14c: broilers, 45@48c; ducks, spring, 28® 30c. CHICAGO. June 27.—Butter —Receipts, 14.382; ceramery extra, 39c: standards. 38 44 c: firsts. 34%@35%c: seconds. 33® 34c. Eggs—Receipts, 28,732; ordinary firsts, 20 %c: firsts, 22 %c. Cheese—Twins, 22® 2%c: young Americans. 22@22%c. Poultry—Receipts, 5 cars; fowls, 19c; ducks. 18 ®20o; geese. 12® 20c: turkeys. 20c: roosters. 12c; broilers. 35® 44c. Potatoes —Receipts 165 cars. Sacked Triumphs, $2.75® 3- barrels, $3.25: North Carolinas, $5.25® 5.50. Local Hay Market Loose hay—s2l® 23: bales. s2o® 22: heavy mixed, 95® 07c; light mixed hay. $lB @2O. Corn—9s® 97c. Oats—so@soc. Local Wagon Wheat Local mills are paying $1.05 for No. 2 red. Dressed Beef Prices Wholesale silling prices on dressed beef, Swift ft Cos.: Ribs—No. 2. 19c No. 3.15 c. Loins—No. 2,20 c: No. 8,23 c. Rounds— No. 2 V 20c: No, 3.87 c Chucks-^-No^2.

1:45 Prev. High. Low t>. m. close. Kennecott . . 33 % 33 33 % 33 % Utah Coppa-. 60% 59% 60% OUs-s-Cal. Petrol... 21% 20% 20% 20% Cosden 42 % 41 % 42 % Marland Oil.. 38% 37% 37% 38% Pan A. Pete. 06% 65% 05% 00 Pan A. P. B. 01 Vi 59% 59% 01% Pac. Oil 35% 34% 34% 35% PhUlips Pete. 41% 40% 40% 41% Pro. A Ref.. 37% 30% 36% 36% Pure Oil 18% 18% 18% 18% S. Oil of Cal. 50% 49% 49% TfO % 8t Oil of NJ32 % ... 32 32 % Sinclair 23% 23% 23% 24 Texas Cos ... 42 % ... 42 % 42 % Industrials— Allied Chem. 06% 06% 65% 05% Amer Can... 89% 88% 88% 89 Amer Wool.. 84 82% 82% 84 * Coca-Cola ... 70% ... 76 '70% Cont Can 45% 44 Vi 44% 46% Fam Players 71% 70% 71 71% Gen Asphalt. 27% ... 27% 28 Int Paper... 37 ... 30V* 37% li.t Harvester 70% ..; 75% 76 Mont Ward.. 20% ... 19% 20% Owen Bottle 41% ... 40% 41% Sea.-s-Roe ... 72 % 68 68 Vi .• • U. S. In. Alco 47 44% 45 47% Utilities— Am. T. &T. 121% 120% 120% 121% Consol. Gas.. 58 57% 75% 57% Columbia Gas 95 .... 95 95 % People’s Gas 89 % .... 89 % 89 % Shipping— Am. Int. Cor. 19% 19% 19% 18% Atlantic G.. 15% 13% 14% 15% In. M. M. pfd. 25% 24% 24% 25 Foods— Am. Sugar. . 67 65 % 06 66 % Am. B Sugar 32% 31% 31% 82% Corn Prod. .125% 123 Vi 124% 120 C. C. Sg. pfd. 44 40% 41% 43% C.-Am. Sugar 20% 25% 20 20% Punta Alegre 52 50% 50% 52 Tobaccos— Am. Tob. Cos. 141 % 140% 140% 141% Tob. Prod... 78% 78% 78% 79

CURB TRADING CENTERS ABOUT GILLETTE RAZOR Reactionary Tendencies of Stock Exchange Affect Trade. By United Financial NEW YORK, June 27. —Activity in Gillette Safety Razor again constituted the point of interest in an otherwise dull and spasmodic curb market today. On positive statements that the company is in good financial condition and that the big drop in price in the previous session could be due only to general market conditions, Gillette showed marked powers of recuperation. A few issues developed activity during the day, including Chicago Steel Wheel preferred, Chicago Nipple and Cox Cash Stores. Reactionary tendencies on the stock exchange took effect again in the oils, but only fractional recessions developed. In the mines, Goldfield Florence fell off and realizing appearedjn Goldfield Deep and Spearhead.

Business News

WASHINGTON, June 27.—Federal Reserve board states production of iron and steel and petroleum was larger In May than in any previous month and consumption ol cotton was close t<> the maxlum. The high level of production. in these industries, together with increases in practically all other reporting lines, is reflected in an advance of 2 per cent in the Federal Reserve Board’s Index of production in basic materials. Active distribution of commodities Is indicated by the heavy movement of merchandise and miscellaneous freight and car loadings continued to exceed all previous records for this season Loans of reportirg member banks in tho principal cities declined $115,000,000 between May 16 and June 13. NEW YORK —Professional operators, analytical services and “put-and-call dealers are all seeing blue in Wall Street and predicting utter demoralization both for the street and for tho country as a whole. Stocks are down; the market has lost Its resiliency: production has over-reached itself and the country is heading straight for a smash, say the cheery optimistists. But one prominent New York banker today gave the other side of the situation. The professional calamity howlers, he said, have been selling short for a month. Hundreds of thousands of shares have been sold short and unless thfse are recovered soon the bul’s will reap a harvest. Many bona fide purchasers for investment purposes have bought up some of the shorts oversales. Business continues stron" and with the available money on hand an upward turn is almost sure within a month. NEW YORK —The Sinclair Pipe Line Company has announced that it is ready to make deliveries through the southern extension of its main line system to Houston. The first northern oil to be pumped through this extension reached Houston Monday night. Main pipe lines owned by this company now extend from mid-continent fields north to the Great (Lakes and southward to refineries on the Gulf of Mexico. NEW YORK—As result of the few May railroad reports that have been made public and the number of preliminary statements that have been published, predictions are being freely made in railroad circles that earnings of first-class roads throughout the United States will be 6 per cent for the month of May. Those who are making these predictions say that the roads in the South and Southwest will show larger Increases than those in the North and especialy those in the Northwest. Indianapolis Stocks —June 27 — Bid. Ask. Am Cent Life 200 Am Creosottng Cos pfd #7 Belt R R com 66 70 H Belt R R, pfd 52 H ... Cent Bldg Cos pfd ... . 98 ... Cities Serv com H 135 Cities Serv pfd 63 H 65 % Cl*. Gas Cos com 26 H 27% Clt Gas Cos pfd..., 99 101 H Ind Hotel com 100 ... Ind Hotel pfd 100 Ind Nat Life • • ••• Ind Pipe Line Cos 94 H 98 Ind Title Guar Cos 70 80 Indpls Ab pfd 48 Indpls Gas 49 52 Indpls & Northwestern pfd ■ • • Indpls & Southeastern pfd 60 Indpls St R R 63 H 66 Indpls Tel com 1 ... Indpls Tel pfd . 90 .. . i Mer Pub Util Cos pfd 84 ... Nat Mot Cos 1 3 Pub Sav In Cos 12 ... Rauh Fer pfd 50 ... Stand Oil of Ind 54 56 Sterling Fire Ins Cos BVi >••• THI & E com ~ 3 6 T H I & E pfd 12 20 T H Tr & Lt Cos pfd 93 100 Union Trac of Ind com ..... 2 5 Union Trac of Ind Ist pfd. . 28 38 Union Trac of Ind 2d pfd . . 6 9 Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Van Coal Cos com 2 5 Van Coal Cos pfd 11 in Wab Ry Cos com 8 9H Wab Ry Cos pfd 27 29 Bonds Belt R S Y 4s, May. ’3O. . .... 80 . . . B R 5s 65 69 Cit Gas 5s 88 88 Clt Gas 7a 100 102 Clt St R R 5s 84 >4 86 Ind Coke and Gas 6s 90 94 Ind Rotel 5s 92 Ind Hotel Cos 2d 6s - 99 ... Ind North 5s 47% ... 4nd Ry and Lt 5s 89 94 hd Union Trac 5s 47% ••• Indpls Ab Cos 7 Vi s 100 . . . Indpls Col & So 6a 97 10S Indpls Gas 5s .86 89 Indpls Lt and Ht 5s 94 90 H Indpls & Mart 5s 59% 63 H Indpls North 6e 52 5o Indpls & Northwestern ss. . . . 52 55 Indpls & S B 5s - • • 40 Ind Shelby & S E 5s Indpls St Ry 4s 04 63 Indpls Trac and Term 55.... 85 H 88 Indpls Union Ry ,5s 94 ... Indpls Union Ry 4He 94 • Indpls Water 5s 99 100 Indpls Water 4Hs 85Vi 88 Indpls Water BV*s. . 94 90 South Ind Power 5s 101 T H I & E 5s 69 74 Union Trac of Ind 6s 69 73 Ice Cream Social for Thief When Mrs. I. E. Williams, 2856 Terrace Ave., went to pet a freezer of ic.e' cream which she left on her back porch Tuesday night it was gone. Investigation disclosed the empty freezer in’ the alley in the rear of

THE INDIANAPOLIS TIMES

LARGE RUN CAUSES ' DECLINE IN HOGS Prices Break Generally a Dime —Cattle Weak. Hog Prices Day by Day June 250-300 lbs 200-225 lbs. 150-180 lbs. 21. 7.76 7.75® 7.80 7.80 22. 7.50 7.65 7.66® 7.60 23. 7.55 7.55 7.55 25. 7.46® 7.50 7.45® 7.50 7.45® 7.60 20. 7.50® 7.55 7.50® 7.56 7.55® 7.00 27. 7.46 7.50® 7.45 7.46 Large receipts locally and at all western primary market centers caused hog prices to decline 10 to 15 cents in trading at the livestock exchange today. A lack of shipping orders caused by the heavy runs elsewhere was one of the chief contributing factors in the drop. Hogs sold early at a flat price of $7.45 as compared with $7.55 on Tuesday, but the price dropped a nickel before three-fourths the supply of 11,000 was exhausted. The market was quotably a dime lower as few hogs were believed to have sold 15 cents under Tuesday’s market. Sows and pigs were generally steady, though slight shading in the medium classes was noticeable. The cattle market was dull and prices weak with the demand showing the same slackening that has marked trading for the last two, weeks. Only choice stock could command a market or a price. Even the better grades were off generally a quarter while the canners and cutters were down 50c to sl, compared with a week ago. Receipts, 800. The calf market held steady on receipts of 600 with choice veals selling at $lO and the bulk from $9 to $lO. The sheep and lamb market was active at steady quotations, lambs selling down from $14.50 and sheep fiom $6. Receipts, 600.

—Hogs—--150 to 200 lbs $ 7.45 Medium 7.45 Heavy . 7.45® 7.50 Top 7.45 Pigs 6.75® 7.25 Packing sows 6.00® 6.50 —Cattle Few choice steers slo.oo® 10.76 Prime corn-fed steers, 1,000 to 1,800 lbs, 9.00® 9 50 Good to choice steers, 1,000 to 1,100 lbs ‘ 8.60® 9.00 Good to choice steers, 1,000 to 1.200 lbs.. B.oo® BAO Good to choice steers, 1,000 to 1,700 lbs 7.50® 8.00 Common to medium steers. 800 to 1,000 lbs 7.25 @ 7.50 —Cows and Heifers— Choice light heifers $ 8.50® 9.50 Good light heifers 7.00® 8.75 Medium heifers 6.00® 7.25 Common heifers 6.00® 6.00 Fair cows 4.00® 5.00 Cutters 2.75® 3.25 Canners 2.25® 2.50 —Bulls— Fancy butcher bulls $ 6.00.® 6.50 Good to choice butcher bulls. . 6.00® 5.50 Bologna bulls 8.75® 4.50 —Calves— Choice veals $ 9.50® 10.00 Good veals 9.00® 9.50 Medium veals B.oo® 9.00 Lightweight veals.... 7.50® 8.00 Heavyweight veaJs 7.00® 7.50 Common heavies 6.00® 7.00 Top 10.00 —Sheep and Lambs — Culls $ 2.25® 3.25 Good to choice ewes 3.00® 600 Few choice lambs..... 13.00® 14.5 Q Heavy lambs 11.00® 13.00 Cull lambs .. 9.00 Other Livestock By United Financial CHICAGO. June 27. —Rogs—Receipts, 32,000; market lower; top, $7.40; bulk. $0.60® 7.25; heavyweight, $6.55 @7.35; medium, $6.00®7.35; light. [email protected]; light lights, $6.60®7.30; heavy packing sows, $5.75 @7.45; packing sows, rough, ss® 6.10; killing pigs, so@7. Cattle—Receipts, 9,000; market, slow; better grades killing classes and Stockers and feeders about steady: tendency lower on other grades especialy grass fat cows: yearlings, numerous; top matured steers, $11.20: yearlings, mostly $9 @10: plainer kinds downward to $7.60 and below. Sheep—Receipts, 8,000: market active on choice fat lambs; bulk mostly $15.25; early top, $16.50; culls generally steady around $9: sheep scarce, very slow, mostly steady; few good heavyweights to killers, $6.25. CINCINNATI, June 27. —Cattle—Receipts, 600; market, very slow and bare'y steady; shippers. $9 @10.25. Calves —Market, steady; extras, $9 010. Hogs—Receipts, 1.100: market, 10® 25c lower; good or choice packers. $7.65. Sheep—Receipts, 5,200: market, strong; extras, s4@6. Lamb —Market, active and higher; fair to good. sls @ 15.50. CLEVELAND, June 27.—Hogs—Receipts. 5,000; market, 5c higher; yorkers, $7.90; mixed, $7.00; medium, $7.90: pigs, $6.75: roughs, $5.75; stags, $4. Cattle—Receipts. 400; market, slow; good to choice bulls, good to choice steers, good to choice heifers, good to choice cows, fair to good cows, common cows, milkers, unchanged. Sheep and iambs—Receipts, 800; market, steady: top, sls. Calves—Receipts. 400; market, 50c lower; top, $11.50. PITTSBURGH, June 27. —Cattle —Receipts. light’ market, steady; choice, $10.50 @11.50; good. [email protected]; fair, sß@9; veal calves. $11.50 0 12. Sheep and lambs— Receipts, light; market, steady; prime wethers. $6.75@7; good. $6®6.50; fair mixed, $4.75® 5.50; lambs, $11.50® 13. Hogs—Reeoipts, 12 dd; market, higher: prime heavy. $7.50 @7.70’ mediums, sß® 8.10; heavy yorkers, [email protected]: light yorkers, [email protected]: pig*. [email protected]; roughs, $5 @5.60; stags, $3 EAST ST. LOUIS, June 27.—Cattle—Receipts. 3.700; market, slow; native beef steers, [email protected]; canners and cutters, $1.75 @3.25: calves. $9.25. Hogs—Receipts, 13,000: market, slow to 5® 10c lower: heavy. [email protected]: medium, $7.20 @7.45: lights, $6.85 @7.45; light lights, [email protected] packing sows, Jj>[email protected]: pigs. $6.20 @6.25: bulk. $7.10 @7.40. Sheep —Receipts, 5,000: market, steady; ewes, [email protected]; canners and cutters, [email protected]; wool lambs, $13.25® 15.25. EAST BUFFALO. June 27.—Cattle —Receipts, 350: market, slow and weak; shipping steers, [email protected]; butcher grades, sß®9; cows, [email protected]. Calves —Receipt*. 1,175: market, active and steady: culls to choice, $3.50® 10.50. Sheep and lambs— Receipts, 300; market, active, lambs. 2oc lower; ehoice lambs, $8 @13.50: cull to choice. $14@15: sheep, steady. [email protected]; yearlings, $3 @B. Hogs—Receipts, 4.000; market, slow, 10c lower: yorkers, s7®B: pigs. [email protected]: mixed. $8: heavies, $8: rough, [email protected]; stags, $3.50@4. JUDGE’S MOTHER DIES Collins Will Leave Tonight to Attend Funeral. Judge James A. Collins of Criminal Court will leave tonight for Cambridge, Mass., t oattend the funeral of his mother, Mrs. Jane E. Collins, 85, died today. Mrs. Collins' was the widow of Joseph Collins and the mothre of eleven children, six of whom, with eleven grandchildren and seven greatgrandchildren, survive. WOMAN GIVEN 30* IDAYS Witness Testifies He Boguht “White Mule” for 25 Cents. Rebecca Catora, 44, of 463 H W. Washington St., was fined SIOO and costs and sentenced to thirty days in the woman’s prison by Judge Pro Tern. Frank Symmes today in city court on conviction of violating the blind tiger laws. A witness testified he bougfet “white mule” from Miss Catora for 25 cents. Leutenant Corrigan and Bergeanta Wilson and O’Connor said they ar v

BEAM FELLS LABORER Workman Injured by Timbers Falling Twelve Feet. Falling timbers at anew building at Dataware and Wabash Sts., seriously injured Elmer Harmette, colored, rooming at 514 W. Michigan St., today. According to Osceola Lewis, ThirtyFifth St. and Sutherland Ave., superintendent for William P. Jungclaus & Company, contractors, 722 N. Meridian St., the beams fell twelve feet, striking Harmette on the forehead. He was knocwed unconscious. Harmette was taken to the city hospital. His home Is at Franklin, Ind. TWO DIVERS HURT BY PLUNGES INTO SHALLOWWATERS Man Receives Broken Neck — Skull of Boy, 15, Is Fractured, As result of diving into shallow water at the Broad Ripple park swimming pool a- man and a boy are in serious conditions at hospitals. Robert Walsh, 15, son of Mrs- Edward Walsh of St. Louis, a guest at the Plaza hotel, sustained a fractured skull when he did a jack-knife dive from a high springing board at 3 p. m. Tuesday. He is at the city hospital. Lawrence Genett, 35, of Columbus, 0., Pennsylvania railroad fireman, rooming at 2230 E. Washington St., sustained a broken neck when ha dived into three feet of water Tuesday night. He is at the Deanconess Hospital. Warned Not to Dive James Makin, manager of the pool, today said Genett was warned not to dive by three men standing in the pool. He said that two signs on the south side of the pool, reading “Shallow Water—No Diving,”' had been placed up while the pool was being filled, and that warning signs also were placed on the high dives. Walsh’s accident was witnessed by Earl Deltrich, life guard, who said Walsh was a member of the Red Cross Junior Life Saving Corps. Walsh swam out of the pool, but complained that he had hurt his head. Injury Believed Slight Deitrich dressed a small scalp and later Dr. R. C. Light was called. Mrs. Walsh took her son away In an automobile. He was taken to the city hospital at ft p. m., when the extent of his injuries was learned. Deitrich said he did not see Genett dive, but gave first aid before Dr. Light arrived. Harry Stump, 2230 E. Washington St., took Genett from the water after the accident. Jesse Johnson, 17, of 2606 W. Washington St., driving a truck into Massachusetts Ave. from St. Clair St., was forced into a parked car belonging to B. C. Wysong, 755 Massachusetts Ave., by a car turning into Massachusetts Ave. from Noble St., police said today. Johnson’s truck and Wysong’s car were both damaged. The driver who caused the accident drove away unrecognized.

COMMUNISM HIT BY BRITISH LABOR Party Expects to Win Premiership in 1926, Bu United News LONDON, June 27.—British labor repudiated communism Tuesday when in a smashing vote of the annual Labor party conference it defeated the Communist party’s application for membership in the party. Leaders predicated a labor government in England by 1926. Nearly one thousand Labor delegates were present. The application was turned down by a vote of 2,085,000 to 360,000. Sidney Webb, M. P., presided, and Arthur Henderson and Ramsay McDonald were on the platform. Webb prophesied that England could see a Labor premier and Labor cabinet in power by 1926, pointing to the fact that the Labor party in the elections of last' autumn obtained 4,250,000 votes, roughly one-third of the total votes of the country. The party Is branching out on all sides and strengthening its local organizations in all constituencies. $24,000 VERDICT SIGNED AGAINST ‘KING BEN’ “House of David” as Cult Is Exempted by Judge. By United Press GRAND RAPIDS, Mich., June 27. Taking the final step in the suit of J. W. Hansel and wife against the “House of David”' at Benton Harbor, United States District Judge John Slater signed the decree granting the plaintiffs a verdict of $24,078 and costs. ’’King" Benjamin and "Queen** Mary Purnell were made individual defendants in the suit, together with the "House of David” as fa. corporation and several individual members. The decree excepts from the list of defendants Coy Purnell, his wife Stella and the cult as a corporation. TIKHON REPORTED DEAD By I vited Press RIGA, June 27.—Esthonian papers print unconfirmed reports that tho metropolitan Tikhon has died in prison at Moscow. United Press dispatches direct from Moscow yesterday said Tikhon, who was to have been tried for treason and resistance to the soviet system had recanted. The former patriarch was reported to have expressed regret for ' his past actions, and to have blamed j the Influence of the czarist regime for |

TEN FARMERS ON JURY TRYING BOSS OF CONVICT CAMP Guards and Watchman Are to Be Called as State Witnesses, By United Press LAKE CITY, Fla., June 27.—Presentation of e-vjidence by which the State hopes to obtain conviction of T. W. Higginbotham on a charge of beating Martin Tabert to death, began in Circuit Court today. A jury was obtained after ten hours questioning of veniremen. Two businese men and ten farmers make up the jury. Three former employes of the Putnam Lumber Company convict camp in which Tabert died —A. B. Shivers and N. A. Bell, guards, and W. Radgett, a night watchman, —will be placed on the stand by the State. Shivers is expected to repea*- his testimony given before the legislative Investigation several weeks ago. He testified then that Higginbotham, a foreman, whipped the youth until his back was a pulpy mass of broken flesh and that when he squirmed on the ground Higginbotham ground his feel in his neck to hold the body rigid. Tabert had complained of being ill end unable to work. These three witnesses also appeared before the Madison County grand jury in an investigation which resulted in the murder indictment. SORORITYCLOSES MEETINGTONIGHT Delta Gammas Have Busy Final Day, The last day’s activities of the Delta Gamma province convention today included a model alumna Initiation ceremony this morning, a luncheon at the University Club and a banqquet at the Spink-Arms tonight. Miss Nancy Johnson and Mrs. John A. Cartwright of the Miami University chapter and Miss Evelyn Hovey and Miss Lenore Hinkle of the Indiana University chapter “were initiated into the Alumnae Association. In charge of the morning program were Mrs. C. D. Durham and Mrs. C. F. Miller , At the banquet toas;s will be announced by Mrs. S. D. Cash and the responses will be made by the national officers, Mrs. J. N. Woollett, grand president; Mrs. S. H. Gradle, grand vice president; Mrs. Fred Earlbacher, alumnae secretary, and Miss Marguerite Province, secretary. The committee in charge of the banquet is O. H. Hershman, Miss Gertrude Shields and Miss Esther Hurst.

BOOM FOR FORD GIVENIMPETUS Third National Political Party Is in Making, By United Press DETROIT, June 27.—A third national political lparty, with the aim of electing Henry Ford President in 1924, will be formed here In the near future at a convention of Michigan Ford-for-President Clubs, the Rev. William Dawe, president of the Dearborn Club, said today. The date has not been decided, Dr. Dawe said, but the convention will be far enough off to allow Ford-for-President Clubs all over the country to send delegates here. The Dearborn Club at present is broadcasting pictures of the automobile manufacturer and systematically distributing Ford-for-President literature at the expense of the members of the club, according to Dawe. Kansas Get In . By United Press HIAWATHA, Kan., June 27.—Peti- j tions bearing 50,000 signatures urging Henry Ford to become a candidate for | President have been forwarded to Detroit by John Kale, founder of the j original ”Ford-For-President T ‘ club, here, he claimed J^oday. "I expect to have over 100,000 signers within another month,” de- I dared Kale. COMMISSION APPROVES MERGER OF UTILITIES 1 Wabash Valley Company Absorbs Seven Plants. Absorption by the Wabash Valley Electric Company of seven utilities was authorized today In an order of the public service commission. Properties involved are the Putnam Electric Company Cayuga Electric Company, Martinsville Gas and Electric Company, Spencer Light, Power, Heat and Water Company, Gosport Electric Company, Morgan County Light and Electric Power Company and the Roachdale Electric Company, all of which become part of the Joseph H. Brewer Interests through the amalgamation. For the consolidation the commission authorized issuance of $1,561,700 in securities. Total value of the Wabash Valley Company was computed as $1,345,663.18. Fanner Injured By Times Special . SHELBYVILLE, Ind.. June 27. Noah H. Medsker, farmer, is in a serious condition today suffering from injuries received when he was thrown from a binder while harvesting whetit. The accident occurred when the lipases he was driving became frlghtened^and

Marriage Licenses Jeremiah Donahue. 27. 4131 Graceland; Rose Eiser, 21. 1848 Singleton. H. L. Salee, 30, 802 N. New Jersey; Elirabeth Smith, 19, 239 N. Randolph. R H. Green. 19, 1011 Spann; Rose Seiler, 21. 87 N. Warman, C. S. Koesters. 28. 1630 S. Talbott: Margaret Kirch, 24, 1633 Union. F. D. Hnwkins. 20. 2626 Bellefontaine; Margaret Brown. 21. 3230 School. Otto Page, 25, 551 Patterson: Rachel Johnson, 20. 1924 Yandes. C. M. Hubbard, 31, 1120 N. Alabama; Lillian Gregc-rson, 31. Chicago. J. J. Klee, 24. 1718 S. Meridian; Mario Stocker. 22. 1712 S. Meridian. A. F. Niedenthal, R. R. D, Box 130; Margie Dietz, 19, 2000 Brill. James Garner, -21. 823 Torbett; Ollio Stovall, 16. 882 W. Eleventh. F. B. Nichols. 22, 214 S. Walcott: Helen | Goff, 2117 E. Raymond. H. W. Freund. 25. 3065 N. Illinois; j Thelma Smith, 21, 147 E. Twenty-Fourth. J F. Rayl. 31. 1140 Udell: Stella Sheppard. 31, 1148 W. Twenty-Eighth. E. R. Rouse. 23, 802 N. State: Anna Coonse, 21. 6821 E. New York. O. L. Threllield, 22. 1824 W. Morris: Anna McMasters, 31, 1301 Sheffield. Edward Jones, 27, 2327 Rural: Estella Garret. 27, 1526 E. Eighteenth. H. J. Goff. 20. 2336 Hoyt; Ruth Gurley, 21, 714 S. Keystone. Ralph Piercy, 29. 513 W. Henry; Jessie Turner, 24. 442 % Blake. Building Permits Eli Lilly Company, motor, 728 S. Delaware. S7OO. Florence Black, furnace. 1249 Reisner, $255. William J. Dooley, double, 3105 Maepherson, $2,500. Clarence White, addition, 1309 Yandes, S3OO. K. A. Stonehouse, dwelling, 348 Burgess. $5,500 Pearl E. Tomlinson, dwelling, 1715 E. Tabor. SI,BOO. J. B. Bootes, reroof. 530 Highland. $250. Joseph H. Nicley, reroof, 3052 Clifton, $205. Ross E. Winder, reroof, 1057 W. ThirtyFirst. $340. E. Fisher, reroof, 628 S. East, $450. Hannah E. Overby, repairs, 526 Arbor. $994. Horace R. Matthews, dwelling. 4816 E. Thirteenth. $2,500. Enos D. Pray, remodel, 1821 N. New Jersey. $950. Mark Snell, dwelling. 965 N. Pershing. $2,500. C. and G. Potts Company, repairs. 816 Washington Ave., $250. A. Wampner, garage, 1430 Williams, $273 Mark DeHaas, dwelling. 1031 Asbury, $1,900. Bcrksom, Inc., repairs, 25 W. Washington, S4OO. Parkway Garage, sign, 350 N. Pennsylvania, $225. FRESH AIR PUPILS ' SHOW WEIGHT GAIN Students Average From 8 to 20 Pounds for Year, Gains in weight of children enrolled In various fresh air schools in the city ranged as high as twenty pounds during the school year, and average gains reached 8.4 pounds, according to a report today from the Marion County Tuberculosis Association. The gains in weight resulted in returns to normal studenship in many cases. The weight gain -average record was made this year by the Theodore Potter Fresh Air School on the Technical High School grounds. The average was not as high as last year. Ruth Cook, a 13-year-old girl, who attended the Potter School, made he record gain of twenty pounds. Herbert Maples, 14, another student, gained fourteen pounds. At school No. 12, West and MoCarty Sts., the average gain In weight l’or twenty-five pupils 7.68 pounds.

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FOREIGN NATIONS SHOW LOSSES ON SNIP OPERATIONS Canada, Australia and France Seek to Dispose of Holdings, WASHINGTON, June 27,—While the Government is proposing to turn to direct operation of its millions of tons of shipping, with consequent elimination of private enterprise in the management of the vessels, other countries which have tried the same method are confessing its fallurfe? and seeking to get rid of their ships.’’ says a statement issued by the National Merchant Marine Association, of which Senator Joseph E. Ransdell, of Louisiana, is President. Three Nations Fail "France, Canada and Australia have tried out thoroughly and at a very heavy cost the very scheme at a very heavy cost the very scheme which it is now purposed to saddle on the United States,” the statement ads. “Their experience without the aid of private enterprise gives an Indication of the far greater losses which this Government, running greatly more tonnage and handicapped by the economic advantages held by foreign shipping, is bound to suffer under direct operation. Seek to Sell Vessels “Even the differentials in operating cost which aid the cheaper vessels have not enabled direct operation to be made a success, although the privately owned foreign shipping companies have been declaring dividends ranging in many cases from 10 to 20 per cent. All three countries are now trying to sell their vessels to private operators at low prices. “The experience of Canada is espe cially Interesting, because her government merchant marine has had the aid of the Canadian government railways In obtaining freight for the vessels. “With freights at the high levels of three and four years ago, a profit was shown for government operation; but with the sharp decline In freight rates and the Increase in competition the last two years have been losing ones. The general situation for this period may be shown by the following table: Profits. Loss. 191© 1020 1.293.000 1021 ~ $2,210,000 1922 2,384.000 Totals $2,849,000 $4,594,000 Like Bad Penny LONDON, June 2*\—A London business man left his gold-handled umbrella In a tube train nine years ago. The other day Scotland Yard notified him it had been recovered in a firstclass carriage on a train operating be tween London and Colohester. The borrower had not taken the tremble of removing a band bearing the owner’s name.

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Newton Todd