Indianapolis Times, Volume 35, Number 49, Indianapolis, Marion County, 7 July 1923 — Page 11

SATURDAY, .JULY 7, 1923

BUYERS FILL ALL |ROKERAGE ROOMS IN WALL STREET First Decent Rally in Weeks Marks Day's Short Market Session, **' ' yC BEARS HUSTLE TO COVER Gains Ranging From One to Three Points Scored by Many Leaders, The WALL STREET JOURNAL XEW YORK. July 7 —There were buyers all around the room when the stock market opened today and Initial dealings showed a fair volume of tradings, with coppers opening particularly strong. Utah, Smelters and Kennecott all managed initial fractional gains while western buying of Producers and Refiners netted a fractional gain for this issue. The general tone of the market was firm. sh Studebaker maintaining its gain kred on the current recovery. First Hour Shorts were having an uncomforttable time in some of the specialties during the first hour of trading in .the face of Beechnut’s 1%-point advance and good fractional gains of Texas Gulf Sulphur and Continental Can. The market by the end of the hour was still steady, despite special pressure directed against Delaware & Hudson, which dropped 2% points. This action unsettled the market slightly, but stocks were well taken on the decline on relatively light trading. k Closing Hour Buying broadened out as the session drew to a close and the market became more active. Advances ranging from one to three points were not ' uncommon in many of the leading Issues. These recoveries formed the first decent rally that the market has enjoyed in many weeks, and shorts were forced to realize they had overstepped the market in many Issues, prices of some having invited important buying on the upturn. Twenty active industrial stocks on Saturday averaged 89.41, up .76 per cent. Twenty active rails averaged 78.70, up .71 per cent.

Local Bank Clearings Indianapolis bank clearings Saturday were $4,472,000: for the week. $24,663.000. Bank debits Saturday were $7,256.000; for the week. $38,962,000. Foreign Exchange w United Financial NEW YORK, July 7.—Foreign exchange closed steady. Sterling, demand. $4.56 1-16. Francs, demand. 5 77%c. Lire, demand, 4 20%c. Belgians. demand. 4.79 c. Marks. 222.222 to the dollar. Czecho, demand. 3.01 %e. Swiss. ' demand. 17.07 c. Guilders, demand. 39.13 c. Pesetas, demand. 14.32 c. Sweden, demand. -26.40 c. Norway, demand. 16.18 c. Den- . mark, demand. 17.46 c. New York Liberiy Bonds Prev. High. Low. Close. close. L. B. 3%s .. .100.15 100.12 100.13 100.13 L. B. let 4% 8 98.10 98.10 98 09 L, B. 2nd 4%s 98.11 98.08 98.09 98.07 L B. 3rd 4i,s 98.20 98.17 98.19 98 18 L. B. 4th 414 s 98.12 98.10 98.11 98.10 New Gov 99.23 99 21 99.22 99 23 Note —Quoted in decimal thirty-seocnds. Chicago Stocks <By Thomson 4 McKinnon) —July 7 Open. High. Low. Close. Armour pfd. 74% 74 % 74 74 Mont. Ward. 20% 21V* 20% 21% Bassick 32% 32 V, 32% 32% . Reo Motors.. 15 15 14% 15 Swift & Cos. 100% 100% 100 100% Swift Inti.. . 17% 18 17% 18 Stewart-War. 79 79% 78 78% Union Car . 52% 53 52% 52% Yellow Taxi 91% 91% 91% 91%

Produce Markets

CLEVELAND. July 7.—Butter —Extras in tubs 42 ft 43c print*. 43® 44c: firsts. 40 3 410; packing stock. 30ft32c. Erss — Fresh gralhwed northern extras. 27 *s c; Ohio firsts. 23He: western firsts, new cases. 22c. Poultry—Heavy fowl*. 23c: lisrht @2lc: cocks. 13c broilers. 42 ft 43c' ducks, spring:. 30® 32c. Potatoes —Virginia Cobblers. $66 6.15 3 brl ; poor grade- s4ft 5. - NEW YORK. July 7.—Flour—Quiet and Pork—Steady: mess. 525.00. Lard inner; Middle West spot. 511.60® 11.70. —Raw steady: centrifugal. 96 test. 7c: refined steady: granulated. 9.25 ft 9.50 c. Coffee—Rio No. 7 on spot. ll®JlHc: Santos. 13 V @l4 c. Tallow —Quiet: spect*l to extra oHft6 a ic; city. 6®Noc. Dressed poultry—Quiet: turkeys. 25ft 42c: Chickens, 24 ft 50c: fowls. 12 ft 29c: ducks. 25c. Lire poultry—Firmer: geese. 15c: duck*. 14ft 22c: fowls. 26@30c: turkeys, 20e: roosters. 15c: broilers. 32@45c. Cheese —Steady: State whole milk, common to spe.euals. 18® 26c: State skims, common to specials. 8® 17He. Butter—Steady: creamery extra. 38c: special market. 38 H ft 39c: State dairy tubs. 33® 37 He. Eggs—Firm; rearby whites-; fancy. 4oe; nearby State whites. 29@43e: fresh firsts to extras, 24H ft 33c: Pacific coast. 32@40c: western white, 20ft43c: nearby browns. 34 641 c. CLEVELAND. July 7.—Butter—Extra in tubs. 41 H 643 He: prints. 43H@44Hc: firsts. 49H @4l He; packing stock. 30® •32c. Eggs—Fresh gathered northern extras. 29c: Ohio firsts. 24He: western firsts, new cases, 23c. Poultry—Heavy fowls. 23c: light fowls. 17® "ic cocas. 13c: broilers. ,42043 c: ducks spring. 30®32e. Potatoes ■ —Virginia cobblers. [email protected] a barrel; poor grade. 54 75® 5 a barrel. CHICAGO. July 7.—Butter—Receipts. 15,172: creamery -xtras, 37He: standards. 36He: firsts, 33H ft 34He: seconds. 32H@ 33c. ‘Eggs—Receipts. 19,341: ordinary firsts. 20ft 20He: first. 21 Hft 22c. Cheese —Twins. 22H ft22He; young Americans. 22ct Poultry—Receipts. 4 cars: fowls. 19 ft 24c: ducks. 16ft50c. geese. 12® 18c turkeys. 20c; roosters. 12c: broilers. 29ft 34. Potatoes—Receipts. 194 ears: Oklahoma triumphs. 82.50 ft 2.(0: Irish cobblers. 52.75®3.00: Virginia cobblers. $6.2506.50. In the Cotton Market Bu United Financial NEW YORK, July 7.—The cotton market opened lower. July. 26.65 c. off 13 points; October. 23.85 c. off 10 points: December, 23.21. off 25 points; January. 22.96 c. off 20 points. Open. High Low. Close. January *... 22.96 23.10' 22.87 23.02 .March - 22.97 23.08 22.93 23.90 ai*y 22.87 2300 22.87 22 90 Hkly 26.65 27.05 26 60 27.05 ■Lotber 23.50 23 95 23.72 23 79 December .... 23.21 23.45 23.21 23.26 Dressed Beef Prices Wholesale selling price# on dressed beef. Swift & Cos. Ribs—No. 2. 19c: No. 3.16 c. Loins—No 2, 29cr No. 3.25 c. Rounds— No 2,21 c: No. 3.17 c. Chucks—No. 2. 11c: -No. 3,9 c. Plates—No 2. sc: No. 3.4 c. Local Hay Market Eooae ha y—s2l 23 n bale*. _ S2O @22^.

New York Stocks (By Thomson 4 McKinnon) —July 7

Railroads— Prev. High. Low. Closer close Atchison ... 99 % 98 % 99 % .98 % B 4 0 46% 44% 45% 44% Can Pac. .147% 144 146% 144 C 4 O 60% 59% 00% 59% C„ R. I. 4 P. 24% 24 24% 24% Del. 4 Hud. 96% 93% 96 90 Gt. N. pfd... 65% 64% 65% 65 Lehigh Val . 58% 57% 58% 58 N. Y Cent.'. 98% 97% 98 97% n.y.n.h:ah 11% 10% 11% 10% North. Pac.. 67% 08% 67 60% Penn 4.3% 43% 43% 43% Reading . . 71 % 71 % 71 % 71 So. Pac 88% 86% 86% 86% St. Paul ptd 31% 31% 31% 31 St L AS. W 29% 28% 29 29 Union Pac...130% 129 130% 128% Wab. pfd 27% 27% 27% 27% Rubbers— Goodrich R... 25Vs 24% 25 25% Kelly-Spg 34 33 33 % 33 U. S. Rubber 42 41% 42 41% Equipments— Am L0c0... 134% 133% 134% 133% Bald. Loco.. 119% 117% 119% 118 Gen Elec... 175% 173 175% 172% Lima Loco.. 81% 60% 61% 61% West. Electric 54% 54 Vi 64% 54% Steels— ( Bethlehem... 45 % 45 Vs 45 % 44 % Crucible ....*64% 04 64% 84% Gulf States 73 72% 72% 72% R. Iron 4 S. 44% 43% 44% 43% U. S Steel.. 91% 91% 91% 91% Vanadium... 29 28% 29 29 Motors— Chandler M... 51% 49% 51% 49 Gen. Motors 13% 13% 13 Vi 13% Max. M (A) 39% 39% 39% 39 Max. M (B) 12% 12% 11 % Studebaker .103% 101% 103 102% Stewart-W ... 79% 78 78% 78% Timken .... 36 % 36 % 37 % 36 % Minings— Dome Mines. 34 33% 34 33 Int. Nickel. 12% 11% 12% -12 Coppers— Am. Smelt... 56% 55% 55% 65%

CORN LEADS IN CRAIN ADVANCES I Wheat Responds, but Only in Slight Measure, By United Financial CHICAGO. July 7.- —After remaining comparatively inactive during the first part of today’s trading, grain prices strengthened toward the close, due to special' strength in corn. Although local traders assumed a buying attitude toward the close, wheat prices advanced only fractionally when outside showed a disposition to lay off the buying side. Forecasts of shipments from the Argentine and India for the coming week will be much larger than expected, advices showed. Com led in the strength. This was induced by higher cash prices. The Corn Products Refinery and ether users of corn were reported preparing to open their plants Monday. Oats were higher, with other grains, but lacked individual features. Provisions were steady, with a higher hog market and a statement by Armour & Cos. that export business was more lively. Chicago Grain Table WHEAT— Prev. Open. High. Low. Close.. close. July .1.03% 1.04 1.02% 1.04 1.03% Sept. .1.03% 1.03% 1.02% 1.03% 1.03% Dec. .1.06% 1.06% 1.05% 1.06% 1.06% CORN — July . .80% .80% .80 .80% .80 Sept. . .74 % .75% .74% .75% .74% Dec. . 03 % .03% .62% .63% .62% OATS— July . .39% .40 .38% .39 .38% Sept. . .35 .35% 34% .35% .35 Dec .37 .37% .36% .37 .30% LARD— July 11.12 11.15 11.12 11.15 11.15 Sept. 11.37 11.37 11.32 11 35 11 37 RIBS— , July .9 12 915 9.12 9.12 915 Sept. 9.32 9.35 9.32 932 9.35 RYE— July ...64% .65 .64% .65 .64% Sept. . .67 67% .66% .67% .67 CHICAGO. July 7.—Car lot receipts: Wheat. 18c: com. 75c; oats.- 84c: rye. O; barley. 4. CHICAGO. July 7.—Primary receipts: Wheat. 565,000 against 660.000 corn. 577,000 against 515.000; oats. 558,000 against 443,000. Shipments—Wheat. 599.000 against 848.00 com. 437.000 against 484,000; oats. 585.000 against 556.000.

Cash Grain

INDIANAPOLIS. .July 7.—Total receipts lor the day. 18 cars. Grain prices quoted I. o. b. basis, 41 %c to New York. Bids tor ear lots of grain and hay at th call of the Indianapolis Board of Trade were: Wheat —Through billed, strong: No. 2 red. $1.02® 1 04. Corn—Steady: No. 2 white. 79 0 8O%c: No. 3 white. 78®80c: No. 2 yellow. 76% ® 77%c; No. 3 yellow. 76 0 78c; No. 2 mixed. 75% 078 c; No. 3 mixed. 75®77%c. Oats—No. 2 white. 37% @3Bc; No. 3 white. 37®37%c. Hay—Firm: No. 1 timothy, $19.50020: No. 2 timothy. sl9 019.50; No. 1 light clover mixed. $18018.50: No. 1 clover hay. $17.50018. —lnspections Wheat—No. 1 northern spring. 3 cars; sample. 1 car. Total. 4 cars. Corn—No 2 white. 1 car: No. 4 white. 1 car: No. 2 yellow. 2 cars; No. 2 mixed. 1 car. Total. 5 cars. Oats—No. 2 white. 6 cars: No. 3 white, 1 car: No. 4 white, 1 car. Total. 8 cars. Hay—No. 1 timothy, 1 car. Total. 1 car. CHICAGO. July 7.—Wheat—No. 2 hard, $1.05%. Com—No. 1 yellow. 84% ® 85c; No. 2, 84% 085 c No. 3. 84%: No. 6,82 c: No. 1 mixed. 82 %c: No 2, 82 %c; No. 2 white. 83 % @ 84c. Oats—No. 3 white. 40 ® 40 % c. Barley—None. Rye—oo % c. Timothy—s 6 0 0.50. Clover—slsol7. TOLEDO. July 7—Wheat—Cash. $1.13%. Corn— Cash, 90%®92%c Rye —Cash. 66c. Oats— Cash. 46 0 48c. Barley—Cash. 72c. Cloverseed—Cash. $lO. Timothy—Cash, $3.25. Alsike—Cash. $10.15. Butter—4lc. Eggs—23 0 25c. Hay—s 22.

Grain Briefs

CHICAGO. July 7.—A wheat pool to harvest the 192.3 crop has been formed by the Farmers' Union of Canada. Cooperation of other Westerp Province farmer organizations will be sought. Harvest this year is a week or two later than usual. Farmers at the present time are showing little disposition to sell crops. Unless some drastic change occurs in the present crop outlook, wheat prices will continue on the downgrade, experts declared. Cutting of the crops in many sections of Illinois will get under way Monday. Heavy rails caused some damage during the past two days. The Western farmer is keenly disgruntled over the discrepancy between the prices he must pay for what he buys and the prices he receives for his products, a prominent dealer said. / The Southwestern corn crop has a good prospect as the result of hot. dry 'Either. Local Wagon Wheat Local mills are paying 90c for new No. 2 red wheat. Cloverseed Market Clqperseed was quoted $7 @lO a bu. in Indianapolis. Lightning Kills Boy Bu Times Special e> WABASH, Ind., July 7.—While shocking wheat with hia father, Gerald Grandstaff, 14. was killed by light nin^FridaY^Th^fetharjQhnGran^

High. Low. Close. close. Prev. Anaconda... 39% 39 39% 39 Kennecott 34 % 33% 34% 33% Utah Copper 58 57% 58 57 Oils— Cal Petrol... 21% .20 21% 20 Cosden . .. 40 39 40 39 Houston Oil. 52% 52 52% 51 Marland Oil. 38 37 38 37 P.-A. Pete. 60 58% 60 58% P.-A. P. <B> 55% 54% 55% 54% Pacific Oil. . 33 % 32 Vs 33 33 % Phillips Pete 27% 26% 27% 26% Pro. A Ref.. 36 .34% 36 34% Pure Oil . 19% ... 19% 19 S. Oil of Cal. 51% 51 51% 61 S. Oil of N. J 33 V 4 32% 33% 32% Sinclair ' 24 V* 23% 24 V* 24 Texas Cos. . 42% 42% 42% 42 % Industrials— Allied' Chem. 67% 66 67 Vi 66 Amer. Can... 88% 87% 88% 87 Am. Woolen.. 84% 83% 84% 83 Coca C01a... 77% 78% 77% 70% Cont. Can ... 45V* 44% 45% 44% Famous P... 73 71 72%. 70 Gen. Asphalt 29 27 Vi 29 Inter. Harv.. 78% 78 78 % 77% May Stores.. 80 79% 80 79% Mont. 4 W.. 20% 20% 20 a* 20% Nat. Enamel. 57% 57% 57% . ... Searr-Roe.. . . 72 % 71 % 72 % 71 % U. S. R. S.. 73% 73% 73% . ... U S Ind Alco 48 47% 47% 47% Am T and T. 121% 121% 121% 121 Consol Gas. . 60 % 59 % 60 % 00 % Col Gas .... 95 v; 94 % 95 % 94 % Shipping— t Am Int Corp 19% 18% 19% 19% At! Gulf ... 10% 1 10% 10% 10 Int M M pfd 23% ... 23% 24 Foods— Am Beet Sug 32% , 32 32% 31 Com Prod ..128% 119 120% 119% Cu Cn Su pfd 44% 43 44% 42% Cu-Am Sug. . 27 % 26 % 27 % 20 % Punta Alegre 62% 52% 52% 51% Tobaccos— Tob Prod... 78% 78% 78% 78%

SUBSTANTIAL GAINS ARE SCORED IN CURB TRADE Late Dealings Net Good Advances for Many Issues. By United Financial NEW YORK. July 7—With the lifting of the selling pressure, the curb market proved listless in the short session today until just before the close when some substantial gains were recorded. Several spurts appeared on the tape. Illinois Pipe Line climbing to 162, Goodyear to 11, Cities Service to 134 and Gillette to 244. Oils in the main showed only fractional changes either way. Imperial Oil of Canada and Illinois Pipe stood out with a full point gain over the previous close. Standard of Indiana, which has shed its consistent performance as the weak member of the oil group, picked up another small gain, v In the industrials American Light and Traction and Amalgamated Leather got back ton the tape. Armour issues were again active with limited price range in all. Lublier Condensor improved.

New York Curb Market (By Thomson A McKinnon) —July 7 Closing- - Bid. ABk. Acme Packing 6 15 Curtis Aero com 7 % 7 % Curtis Aero pfd 32 80 Goldfield Con, 7 8 Jumbo Extension 4 6 Internationa! Petroleum 15 16% Kirby Oil 1% 2 Niplsetng 4% 5% Standard Motors 2% 3 Salt Creek : 16% 10% Tonopah Extension.... 1 % 2 Tonopah Mining........ 1 6-16 1 7-16 United P S new 5 5 % U. S. Light 4 Heat 1% 1% U. S Light 4 Heat pfd.. 2 2% Yukon Gold Mine C 0... 1% 1% Jerome 2% 2% New Cornelia. 16% United Verde 28 %- 29 Omar Oil 71 75 Standard Oil Indiana. . 54 54% KLANSMEN TO FIGHT DISORDERLY CHARGES Seventy-two Members Plead Not Guilty in Springfield (Oltio) Case. By United Preen SPRINGFIELD. Ohio. July 7.—Sev-enty-two members cf the Ku-Klux Klan pleaded not guilty to charges of disorderly conduct when arraigned in police court today. Hearing was sej for July 26 The Klansmen were thrown in jail last night as they were returning In full regalia from funeral of a fellow member. Arrests followed a ruling from Po lice Judge Davis that tjie appearance of three or more masked persons together In public constitutes disorderly conduct. **

REWARDS OFFERED FOR MISSING WITNESSES Two Sentenced to .Jail for Refusing to Testify in Small Jury Probe. Bit I'nitrd Pretn WAUKEGAN. HI.. July 7.—Rewards of SIOO each for capture of “Umbrella Mike” Boyle and Ben Newmark, missing witnesses in the probe of alleged "fixing” of the Governor Small jpry, were offered today by States Attorney A. V. Smith. Newmark and Boyle both dropped from sight when they were sentenced to jail and fined for refusal to'testify before the grand jury probing “fixing” charges. SIOO,OOO DAMAGE DONE BY STORM AT MUNCIE Telephone Service Is Demoralized: Bams Burned. Bit Vniied Prentt MUNCIE. Ind.. July 7.—Damage estimated at SIOO,OOO fras done In Delaware County Friday night and Saturday morning by severe wind and | electrical storms. Four barns and two silos, struck by lightning, were burned. Telephone service was demoralized. A number of chimneys were blown down. Damage to the wheat crop throughout the county will be heavy. NO ACTION ON TERMINAL Another Meeting Scheduled for Next Tuesday Morning. Another meeting of the officers of the Terminal Realty Company will be held Tuesday morning at 8:30 at which further action on the proposed new traction terminal will be taken, Robert I. Todd, president of the Terre Haute. Indianapolis and Eastern Traction Company, said today. No action was taken at the meeting today, discussion filling the entire time. t - M - , J Credit Bureau Incorporates The Anderson Credit Bureau of Anderson today filed articles of incorporation with the *cretanr of State.

INDIANAPOLIS TIMES

HOGS ARE STEADY DESPITE BIG RUN Weakness Crops Out After 'Early Orders Are Filled, Hog Prices Day by Day June 250-300 lbs. 200-225 lbs. 150-180 lbs. 30. 7.30 7.30 7.30 @ 7.35 July 2. 7.35 7.35 7.35 3. 7.50® 7.60 7.60® 7.70 7.70® 7.75 5. 7.75® 7.80 7.75® 7.80 7.80® 7.85 6. 8.00 8.00 8.00 7. &.00 8.00 8.00 Heavy receipts kept hog prices from registering another advance In trading at the local stock yards today as 11,000 hogs were offered for sale as compared with normal Saturday receipts of 6,000 to 7,000. Trading opened at steady quotations with ?8 being paid for all weights and classes and approximately 8,000 were absorbed at this price, but a weak undertone developed Jiefore the end of the first hour and after initial orders had been filled, local packers began bidding a dime/ lower on the remaining hogs arriving from Diamond Alley. However the bulk of the receipts moved at SB, Friday's bulk price. Sows and pigs remained urn changed, pigs at $7.50 down and sows at $7 down. Trading in the calf market, though plow due to light week-end receipts of 150, was at steady quotations which represent gains for the week of 25 to 50 cents on strictly choice pteers and heifers. Cheaper grades of butcher stock, which have shown distinct weakness for some time, closed the week no more than steady with last week. \ • A drop of 50 cents to $1 in the price of calves brought the practical trading top for choice veals down to sl2*with the bulk at sll to sl2. Receipts, 400. The sheep and lamb market was cuotably steady with spring lambs selling down from sls and ewes down from $6. Receipts, 300. —Hog#— 150 to 200 lb* $ 8.00 Medium 8 00 Ib'avy 8.00 Top 8.00 Pig* # 7.00® 7 50 Packing sows 0.25 0 7 00 —Oattle— Faw choice steer* SIO.OO 011.00 Prime corn-fed steers, 1.000 to 1,800 lb* 9.000 9.60 Good to choice steers. 1.000 to 1.100 lbs 8.500 9.00 Good to choice steers, 1.000 to 1,200 lbs 8000 850 Good to choice steer*. 1.000 to •1.700 lbs 7.50® 8.00 Common to medium steers, 800 to 1,000 lbs 7.25® 7.50 —Cow* and Heifers— Choice light heifers $ 8.50 010 25 Good light heifers 7 00® 8.75 Medium heifers o.oo® 7.25 Common heifers 6 00® 8.00 Fair cows 4.000 500 Cutter* 2.76® 325 1 Canner* . . . , 2.25® 2.60 —Bulls— Fancy buteheh bulls $ 5.50 fl 6 00 Good to choice butcher bulls 5.000 6.60 IJologna Bulls 3.75 0 4.60 —Calve*— Choice veals sll.oo® 12,00 Good veals 10 00 011.00 Medium veal* 8.00 0 9.00 Lightweight veals . . 7.50® 8.00 Heavyweight veal* 7.00® 7.50 Common heavies 8.000 7.00 Top - 12.00 —Sheep and launb* Culls $ 2.25® 3 25 Good to choice ewes . 3.00® 6.00 Few choice lambs 13.00® 16.00 Feavy lambs 1100® 1300 Cull lambs 8.00 0 10.00

Other LivestocK Bu United Financial CHICAGO. July 7—Ho*:*— Receipts. 11,000: market 10@15c lower; top. $8.05.; bulk. $6.75 ft 7.00; heavyweight, $7 @7.80; medium. [email protected]; light, $7.1508; light lights $7 @7.90; heavy packing, nmooth. [email protected]; packing o*. rough. $5 90@6 40: killing piga, $6 5007.05. Cattle—Receipts. 500; market, compared with week ago. most killing classes unevenly 25 ft 75c higher; spots more values now largely bae kto season's high time; exti'eme top matured steers. $11.50: best long yearling steers and yearling beef heifers. $11,350 10.35, respectively; bulls about steady; veal calves, [email protected] higher; Stockers and feeders firm 9heep-i-Receipts, 11.000; market today mostly direct; native offerings on sale unevenly lower: compared with week ago. good and choice fat lambs 25@50c lower: in between grades off more; culls and sheep steady; week's extreme top western lambs, $16.25: closing native top. $15.25; cull* generally sß@9; native feeding lambs. $9 0 9.25: western. $12.60: bulk fat ewes. ss@ 0.25; top, $7; heavies, downward to $3.50. CINCINNATI. July 7.—Cattle—Receipts, 200; market, steady: shippers, s9® 10.25. Calves—Market. 50c to $1 lower; extra*. sllOl2. Hogs-—Receipts. 30.000; market, steady to 10c lower; good or choice packers. SB. Sheep—Receipts. 1.400: market, strong: extras. $4 ft 6. Lamb*—Market, steady: fair to good. $15015.50 CLEVELAND, July 7.—Hogs—Receipts. .2.000: market 10c lower: Yorkers, $8 40; mixed, $8.40: medium. $8.40: pigs, $7 50; roughs, $5.76: stags. $4. Cattle—Receipts, 100 market steady arid higher; unchanged. Sheep and lambs—Receipts, 300; market lower; top. sl6. Calves—Receipts. 200; market activo, steady; top, sl4. EAST BUFFALO. July 7.—Cattle—Receipts, 160- market slow, steady; shipping steers, $1 Oft 11; .butcher grades, $8 @9; cows. $2.25 @0.50. Calves—Receipts, 130; market active. 60c higher; culls to choice, $5 @l4. Sheep and lambs—Receipts. 300; market active. 26®50c lower: choice lambs. sls @10; cull to choice. $9014.50: yearlings. $8 012.75; sheep. s3ft 8.50. Hogs— Receipts, 3.200; market active. 26c higher: Yorkers, $8.7508.85; ptg. $8.7508.85; mixed. $8.7508.85; heavies. [email protected]; rough. [email protected]; stags, $3.50®4.05. PITTSBURGH, July 7.—Cattle—Receipts, light; market, steady; choice, $10.50@11: good. $9.50010.15: fair. $7.25®8.50; veal calves, sl3® 14. Sheep and lambs—-Re-ceipts. 3 dd market, steady on sheep, weak on lambs: prime wethers. $7.500 8: good. $0.500 7; fair mixed. $5.50 @5.75; lambs, sll @l2. Hogs—Receipts. 12 dd; market, higher: prime heavy, [email protected]: mediums, $8.8008.90; heavy yorkers, $8.2008.25: light yorkers. $808.50: pigs, $7.5008: roughs. ss®6; stags, [email protected]. Marriage Licenses T. H. Nelson. Jr., 320 N. Oriental; Marie Lobraico, 18. 414 College. Samuel Brar.noti. 23. 1134 Favette: Lillian Brewer. 18, 822 Athcn. L. L. Barnett, 19, Ft. Benjamin Harrison: Reba Scaggs. ,16. 146 Briagnnt. H. W. Walter, 27. 359 E. Utica; Florence Guedel, 24. 6461 Home PI. Building Permits Elgin Motors. Inc., gas tank, 323 W. Fifteenth. S2OO. Federal Electric Company, sign, 3361 N. Capitol. $350. Patrick Cavanugh, dwelling. 4350 Carrollton. $6,000. D. A. Coulter, remodel. 34 W. Ohio, SBOO. Woodford Realty Company, garage, 5814 Pleasant, S3OO. John Cinika, garage, 1819 Barth, S3OO. Ernest E. Day, garage, 4061 Rookwood. $386. James T. Moore, garage, 3805 Brookville Rd.. S2OO. J. I. William*, garage. 69 N, Hamilton. S2OO. William S. Davis, building, Edgemont and Rader. $1,500. H. O. Waddy, dwelling, 5145 Guilford. $4,000. Washington Flower ShOR, building, 3006 Washington blvd.. $2,000. Askin & Marine Company, sign, 127 W. Washington. $350. W. H. Walter, addition, 1926 Bellefontaine, S2OO. Homer Everett, barn, 2346 Shriver, $350. * Edward Green, addition, 4352 Broadway. $1,200. Louis Weisenberger, addition, 1421 N. Delaware. $325. J. L. Keach, remodel, 2030 S. East. $1,200. Fred Leeds, addition. 537 E. Forty-Sec-ond, S2OO. Schmid & Smith, reroof. 1620 Ashland. S2OO. S. F. Cutter, porches, 1421 Southern. $225. - C. B. Durham Company, dwelling, 6510 College. $1,600. J. E. De Hirt, garage. 1646 College. S3OO. R. O. Lowell,garage. 5722 Qak, $250. .

Kidnaped—Again Missing, Her Record

MARY ELOISE MONTGOMERY

Mary Eloise Montgomery, daughter of Mrs. Ethel Crum, 2101 Park Ave., has not lacked for romance in her brief sixteen years- When she was 2 years old her father separated from her mother and kidnaped her. Her .mother regained custody of herein a’hitter court battle two years ago. Now she Is missing again. She disappeared here Tuesday.

DENVER COMBED - IN SEARCH FOR BOV’S KIDNAPER Woman Rushes From Auto and Grabs Youngster Playing in Yard, By United Prest DENVER. Colo.. July 7.—A1l Denver today Joined lr the search for Richard Allen Marks. 5-year-old son of the undersherifT of Denver County, kidnaped from his home in bioad daylight by a woman. The child's mother was answering n strange telephone call when the woman rushed from an auto Into the yard where Richard was playing. She grabbed the baby In her arms, and, fluffing a handkerchief In his mouth, ran with him to the automobile. Playmates informed Mrs. Marks, but no trace of the child has been found. RATE HEARING POSTPONED Fire Insurance Debate io Re Resumed Septs 10. Hearing on lpcal fire Insurance rate schedules for Indianapolis, which was to be resumed July 16, has been postponed until Sept. 10, so the city may throw all available legal counsel Into was announced today at the office of Thomas S. McMurray, State insurance commissioner. Representatives of the fire underwriters have sought to hold the city to certain recommendations of prevention which the city claims to have fulfilled and which would warrant a reduction rates. MRS. MATILDA SLOAN DIES 1 Rite® Monday for Wife of City Market Master.

of Mrs. Matilda E. K. Sloan, -44. of 2425 Hhelby St., who died Friday, will be held Monday at 2 p. m. at the residence, with burial in Crown Hill cemetery. Mrs. Sloan was born in Indianapolis, She was a member of Emmanuel Baptist Church. Surviving art the husband, Robert R. Sloan, city market master; her parents, Mr. and Mrs. Jacob Woessner; two sisters, Mrs. Ida Hawickhorst and Mips Meta Woessner, and two brothers, Henry F. and Otto Woessner, all of Indianapolis. PRISONER WANTED HERE State Officials Would Return William Poynter From Atlanta. State officials today approved requisition for the return to Indiana of William Poynter, alias William Younk, indicted for the theft in September, 1921 of an automobile belonging to George Morris, 640 E. Washington St. He is now serving a term in the Atlanta Prison, from which he will be released July 16. Poynter was sentenced to Atlanta following conviction for stealing another automobile at Louisville, Ky. fclD SOCIETY AFFILIATES Family Welfare Organization Joins National Alliance. The Family Welfare Society announced today that it would become a charter member of the reorganized National Alliance of Legal Aid Societies of Philadelphia. John Bradway, secretary of the alliance, recently extended the invitation to the Family Welfare Society. Legal aid will be rendered worthy persons unable to hire lawyers. The alliance will have fifty charter members and will serve to promote cooperation among social societies. HOUSEHOLD GOODS TAKEN Towels, Glasses and Silver Stolen From 708 S. Delaware St. Mrs. Fishie Hudson, 708 ii. Delaware St., today reported to police two dozen hand towels, three dozen water ' glasses and a half-dozen silver knives and forks stolen from her home. —i— Realty Company Incorporates The Northern Realty and Investment company of India#!.apolia today was incorporated with a japital stock of $5,000. Directors are Lawrence ,**.,„ F-V,,..,- n„.

SHE PILOTS YOUNG WANDERERS’ LIVES

Boys and Girls Out to 'See World' Find Harbor in Detention Home, "When the wander lust is bom into a child, that boy or girl simply sets out to see the world.” said Miss Pray, who controls the destiny of the Marlon County Juvenile Detention Home, Eleventh St. and Capitol Ave. This year so far police have turned over to her twenty-one beys and seventeen girls "from the outside” who decided that Indianapolis was a good place to imitate Dick Whittington. Last year she* had fifty-eight girls and fifty-one boys. not counting local youngsters who yearned for the open road just before police marched them to Miss Pray. Truth is stranger than fiction, the matron learns dally. From Chinese laundries. Brown County hills,. New York tenements, the plains of Kansas or farms of Tennessee come her charges. Boys’ ages average 14, she said, and girls 15 or 18. “Last week we got two girls from a Pittsburgh high school, one 15, the other 16.” said Miss Pray. “They had gone to school there with a girl who lived on College Ave. One day they decided to give her a surprise, and took the train for Indianapolis, without their frantic parents knowing a thing about it. “Well—when they got here, the family had” moved! An Indianapolis woman on the train had made their acquaintance and gave them her card. They called her up. From her home, fortunately one of the best on the north side, they wrote their parents for money to come home. Boy Deserted By Dad ”®nd I have a little Chinese boy.

BULGARIANS MUST WORKFOR STATE Labor Service Required BeN tween Ages of 20 and 40, SOFIA, July 7. An official summary of the Bulgarian law regarding compulsory' labor service states that "all able-bodied Bulgarians rot legitimately entitled to exemption must perform a certain amount of i work on behalf of the State. Under the amended act the maximum period of service is eight months for men add four months for women and may be demanded at any age betweeen 20 and 40 years for men and 16 and 30 years for women. The Government may- demand that the service shall be rendered all one one single occasion, or on several separate occasions. It may happen that only a part or none of the service wijl be required. Normally, however, every person will be called up. "When the government considers It advisable. It may’ decree that the services of the adult, population, between the above specified ages, of tlie whole country or of a subdivision, shall for a limited period be placed at the disposal of the communes, with a view to carrying out work of common interest. Any commune may, on its own authority, raise the age limit of those subject to service to 50 years without sex distinction. Service of this kind Is compulsory only up to a maximum of 21 days per annum In all.”’ The official statement points out that these two sets of rules “have scarcely anything In common.” On tin one hand, there is a single service lasting several months, due from Individuals, which wculd normally be required of every citizen: on the other, a collective obligation for an indefl nlte number of periods of service of A few days each, which wculd be determined every year by the government. FIRST AID MEET IS HELD AT SULLIVAN Miners Entombed at Birknell Features of Parade. By Time* Special . SULLIVAN, Ind.. July 7.—About 15,000 persons were in Sullivan today attending the first aid meet, under auspices of the Sullivan- County Chapter of the Joseph A. Holmes Safety Association, in co-operation with the United States Bureau of Mines. A parade W’as staged during the morning. A feature was a float representing a mine tipple with the three miners and the Shetland pony entombed In the Bicknell mine recently for ninety hours.

Goldfield Fire Recalls Pioneer Days of West . Maelstrom of Flames Destroys Famous Mining Camp of Nevada Gold Rush,

Bu United yews CARSON CITY, Nev„ July 7. Where gold crazed miners once lurched down crooked streets, where fortunes were made and spent in as many hours, a million-dollar fire swept Friday, practically destroying the famous mining camp of Goldfield, Nev. What was one tsino the largest gold camp in the West, with some twenty to thirty thousand inhabitants, became a maelstrom of flames, which swept before a raging wind and rapidly licked up the business section of the city and hundreds of *homes, shanties and deserted shacks. The fire originated in the BrownPar ker garage, where some thirty or forty automobiles were burned. All the wires to Goldfield are down and reports from surrounding towns are meager, ' , The. Goldfield Motel largest build.

el , MISS SUSANNA PRAY, * Harbor Master for the Port of Missing Girls and Boys.

His father runs a laundry here, and had the son arrested for taking his automobile without permission. He has been here two weeks, and the old man has not called. "Then there were two boy's from Kansas. They ran away with a show- to Terre Haute. Then they got on a train. Kansas-bound, only it came to InYhanapolis. Fathers forgave them, as they almost always do. y “This week we sent two Bedford boys home, ages 12 and 13, who come to ‘see the b’loon race.’ ” Often some former ward drives up In a big automobile w-ith wife or husband to shake hands, Miss Pray said.

ARBITRATION BODY TO SETTLE WAGE DEMAND Wage and Other Miiurs’ Questions Mill Be Considered by Committee. By United Prest ATLANTIC CITY, N. J.. Jlily 7 A special arbitration committee probably will be appointed to handle the wage and other demands of anthracite coal miners, it was indicated today when the Joint union-operator, conference was resumed. This committee is composed of four miners and four operators. John L. Lewis, president of the United Mine Workers’ Union and chairman of the conference, declared this course would be acceptable to the union.

GOODBY STICKERS, HELLORED TAGS Cops Dislike Taste, Victims Growl —That's Reason, No more stickers on automobile wind shields summoning you to po-i lice headquarters fer traffic violations. No more scraping, soaking and cursing to get the darned things off. There aren’t going to be any more stickers. Traffic Capt. Michael J. Glenn said so today. Trafficmen have complained that their tongues got all gummed up licking stickers. Motorists constantly kicked about getting them off. Wags got hold of the stickers and pasted them on friends' oars, causing confusion at headquarters when the victim reported for his calldown. So cars will be tagged with a nloe pink card, Instead of stuck on, Glqgn said. The tags are numbered serially. Each cop Is held responsible for the tags, Issued to him, He tears off a stub and sends it, to Glenn. If the offending holder of the rest of the tag does not show up, the cop who put it o~ the car will have to find out why. INMATE OF INFIRMARY ENDS LIFE BY HANGING Man, Said to Be Melancholy, Chooses Smokehouse for Act. By Times Special COLUMBUS. Ind., July 7.—Amos G. Pierce, 75, an inmate of the county Infirmary, committed suicide by hanging himself in a smokehouse adjoining the house occupied by Superintendent Ed O’Haver. According to persons acquainted with him he had been subject to fits of melancholy for several years.

been saved. Goldfield was dorpped back into the wastes of the purple hills as suddenly its It sprung into hein^. A wanering prospector years ago, caught in the desert and lost, fell to the ground exhausted and pawed the dirt aimlessly. Then his eyes glittered, he rubbed the rocks in his hands, jumped to his feet, frantic with Joy, in his hands he held gold. He struggled on to safety, and the gold rush started. Coldfield sprang up over night/a mushroom mining camp of the West. * Friday night ghosts of those early prospectors found desolation as appalling as the days when only rattlesnakes hissed over the alkali land; the desert reclaimed its own. One of the most famous pryze fights in the history of sports was fought in Goldfield in Its gold rush days, the

GERMANY DENIES RESPONSIBILITY FOR RUHR SABOTAGE 4 Statement Is in Answer to French Demand for Repudiation. By CARL D. GROAT (United Press Staff Correspondent) BERLIN, July 7. —Foreign Minister Baron Von Resenberg told France and Belgium today Germany could not accept responsibility for the Duisberg bombing where nine Belgian soldiers were killed. Germany does not admit her citizens were responsible for the explosion and therefore cannot assume responsibility, he said. Resenberg’s statement was made in answer to th official demand of the Ruhr occupants Germany publicly disapprove the explosion, It wa| announced officially. France arjd Belgium also demanded the German government promise to seek out and arrest those who plotted the explosion. By United Press LONDON, July 7.—French troops yesterday occupied houses in the outlying districts of Frankfort in the Ruhr district. Territory in the outlying districts were also occupied. HAVE AMERICAN MOVIES CHANGED LIFE OFNATION? NEW YORK. July 7. right? Has an Invention so profoundly affected th life of a Nation in so brief a period? What power lies with this vast organization? And how Is that power being used? The answers are difficult to find. Yet it cannot be contradicted that the motion pictures reach a vast audience oaily;and that a huge find Intricate mechanism has been constructed to hold and to extend the grip on that audience. It has generally been assumed that the presence in the socifrl body of this machinery of continual interchange, of ever renewed appeal to the emotions and the Intellect, would have some influence on the mental habits, outlooks, customs of the people, might indeed be employed as a force for influencing, guiding and instructing public opinion. That this assumption is a proper one is undoubtedly true, And yet up to the present the data upon which conclusions of this order can be based are of the vaguest type. Research has hardly yet discovered this great and potent field of social psychology, much less plumbed it. It Is only by broad generalizations that we can give any estimate of the powers thus released into the hands cf men who are as surprised to find themselves wielding this power as the public is to find it existing. There are in round numbers in the United States about 18.000 theaters giVen over to motion pictures Asa mass. agency of popular appeal this number Is to be compared to about 2,500 dally papers and 4,000 public libraries. The number of newspapers of all types, daily, tri-weekly, semiweekly and weekly, is still something more than a thousand less than the number of motion picture theaters. Total publications of all types run to only 3,000 more than the number of motion picture theaters.

MARVEL SHAFT AT CARNEGIE ‘TECH’ DEFIES ALL LAWS PITTSBURGH, Pa, July 1. - A little piece of steel mechanism In Maheinery Hall, Carnegie Institute of Technology, today defied all hitherto known laws In mechanical engineering and demonstrated the harnessing and application of a mechanical power apparently never before kno+vn. The little power maker was simply a section of a cased shaft. The driving end of the shaft, tumo-l by a five horsepower motor, was speeded up to 17.000 revolutions a minute. The other end of the shaft was turning at the rate of only five revolutions an hour and developing power which it had been impossible to measure. It has been tested up to the lift of twelve tons. AU this miracle in reduotlcs: In speed and gain of power Is fiicomplished In a single-gear unit. The new principle makes It possible to do away with all the complicated trains of gears In automobiles, hoists, air compressors, rock breakers, belt conveying machines, elevators, mechanical stokers, metal shearing and punching machines, spinning and weaving machines and ail others where the main shafting oy drive Is run at high speed. In Its simplest form the new “gear” dees not have a single cogwheel or oven a wheel with a single tooth. One end of the driving shaft Is spigoted into the end of the driven phaft, turning free in It on ball beraings. Instead (St resting In a Journal, this driving or high-speed shaft on Its outside circumference turns between three or four rollers, one or two bf which are larger tnan the others. These rollers roll on the inside of a eteel ring, slightly oft center. As the Inner rollers turn on the highspeed shaft, the out ring becomes the driving gear. The difference In’ the diameters of the parts establishes the rate of reduction In speed and Increase in power. The larger roller or rollers oontlnually try to maintain their position in the circular wedge so that no pressure has yet been found to make the shaft -

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