Indianapolis Times, Volume 35, Number 56, Indianapolis, Marion County, 17 July 1923 — Page 11

TUESDAY, JULY 17, 1923

SLIGHT REACTION •FAILS TO SHAKE MARKETEERS Stocks Rebound Instantly the Pressure Is Removed — Exchanges Lower, STi'DEBAKER PROMINENT Pan American Issues Pertomi Best in Entire List —Offerings Well Taken, The WALL STREET JOURNAL NEW YORK, July 17.—The opening of the stock market today was active with prices irregular, overnight changes being limited to fractions. Studebaker, among the leaders, showed the widest fluctuation, being off % at 102%. New developments included the agreement being reached in the Near East negotiation at Lausanne and the plan to sign a definite agreement by the Allies with in a day or two. Foreign exmge opened lower. First Hour Selling orders in Ste“i common, which appeared shortly afte: the open,'ing, were followed by selling in other issues and all stocks reacted on a fairly active turn over. Around 10:30 the pressure appeared to have been ..lifted for a time and many stocks recovered slightly, including Studewhich got back to 102%. The reaction started when one house entered an order to sell 6,000 shares of Steel at the market, causing it to react more than a point under its opening figure. Second Hour 7 After recovering a large part of the early reaction the list turned dull la the second hour as early • sellers : apparently were loathe te follow up Jifceir offerings, due to the fact that their stock had been fairly well ab- ■ Korbed. A statistical service, which . recently told clients to sell all stocks, -issued a bearish report on motors, but there was little tangible result in the way of liquidation. Pan Americans were the firmest on the list. Noon Hour Pau-American issues continued in demand during the noon hour, reflecting rumors of recognition of the Mexican government shortly. According to advices from Mexico City a settlement of the disputed questions is expected this week and a settlement • tisfactory to the United States >uld be regarded as favorable to oil companies and to other American in—terests in Mexico. Both Pan-American issues sold a point above their previous close. Fourth Hour Trading in the afternoon became more active and stocks were stronger - .with some industrials and rails at higher levels than at the previous "close. , The market tactics were : Similar to those of recent sessions. "Unsettled reparations situation and the reaction in the wheat market induced the selling with stocks well taken on the decline as bears were unwilling to follow up their temporary successes. Closing Hour. With activity increasing as the afternoon wore on to a close, many c stocks were able to recoup morning losses, while in a number of instances Issues at the close had maintained their day’s gains. While no marked -advances were observed, a firm undertone was evident throughout the late trading. Rails suffered from the .dullness of the general market, but held firm until the close. Twenty actice industrial stocks on Monday averaged 89.22, off .18 per cent. Twenty ’active rails averaged 79.16, off .04 per cent. Local Bank Clearings Indianapolis bank Tuesday were $4 088,000; bank debits were #7,128.000. m Foreign Exchange Hl( United Financial NEW YORK. July 17.—Foreign exchange •opened lower. Sterling, demand. $4.58 % : cables. $4.58 % francs, demand. 5.80%e; cables, 5.81 c. Lire, demand, 4.28 Vic; cables, 4.28 %c. Belgians, demand. 4.81 c; cables. 4.81 Vic. Marks, 250.000 to the dollar. Czecho, demand, 2.99 Vic. Swiss, demand. 17.38 c; cables, 17.40i. Guilders, demand. 30.10 c: cables. 39.19 c. Pesetas, demand, 14.21 c: cables. 14 23c. Sweden, demand 20 49c: cables. 86 53c. NorwajS demand. 16.18 c: cables. J6.22C. Denmark, demand. 17.47 c; cables. 7.51 c.

Business News

CHICAGO. July 17.—Thomas E. Wilson, president of Wilson & Cos.. says: “Wholesale hams are 25 per cent to 33 per cent lower than anything- and hams and other pork products are selling at pre-war levels, but the public has so far failed to take full advantage of this decrease in cost.” NEW YORK—Retail business throughout ..the country as a whole showed a gain of 14 per cent in June over the record for the name month a year ago This gain in retail sales is almost identical with that recorded by the National Retail Dry Goods Association's business barometer figures in May. the difference being only one-tenth of 1 tier cent. June's showing is better than that of May in that it more nearly represents the true condition. In May one district showed a gain of only 2.6 per cent over the 1922 figures while in June the lowest gain recorded in any of the twelve districts was 6 pej cent. NEW YORK—While brokerage houses In many instances are experiencing a slim at- . tendance in their customers’ rooms, banking parlors are also not being crowded witn credit-seekers. At present the Street appears to be “enjoying” its usual mid-summer dullness. Trading on the Stock Exchange Monday was below 300.000 shares. It begins to look as though the recent wave of selling bas spent itself and that any future ac--tlvlty on a broad scale should be on the Work of organizing the 40 000 •teel workers in this industrial region was begun here Monday, with appearance of three organizers representing the national organization committee of American Federation of Labor. Particular efforts will be centered on the 12,000 workers of the United States Steel Corporation. Raw Sugar Market ojf United Financial • NEW YORK. July 17.—The raw sugar H"ket opened higher. July. 5.30@ 5.40 c .-a5.2T: December. 4.62a

New York Stocks (By Thomson & McKinnon) —July 17—

Railroads— At 1:45 Prev. High. Low. p. m. close. Atchison 99 % 98% 99 Vi 99 B. & 0 46% 46 40 Vi 40% Can. Pacific.. 147V 8 147% 147% 148 C. & N. W. R. 70% 70 70 Del. & Hud 105 .... 104% 105 Gt. Nor. pid 65 Vi 64 65% 60% Lehigh Val.. 59% 59 Vi 59% 59 N. Y. Central '97 % 97 97% 97% Nor. Pac.. . . 65% . . 64% 05% Pennsylvania. 43 % 43 Vs 44 Reading .... 71 .... 71 72% 90. Pacific. .86% .... 80% 88% St. Paul pfd. 31% 31% 31% 31% Union Pac . 130 .... 129 % 130 Wabash pfd. 27 23% 27 27% Rubbers— Kelly-Spr 34% 34 34 U. S. Rubber 42% 41% 41 Vi 42% Equipments— A. Car & F..151% 151% 152 Amer. Loco.. 67% 06% 66% 67% Baldwin L0c.113'4 117% 118% 118% Gen. Electric. 114 174 174 Vi Lima Loco.. 61% 60% 61% Westing. Fir;.. 55% 55% 65% —Steels— Bethlehem... 45 % 44 % 45 % 46 Crucible 03% 02% 03% 03 •Suit States. .71 70 70% 71 Rep. I * Stl. 44 43% 43% 44% C. S. Sueti.. 90% 89% 90% 90% Motors— Am. Bosch M. 32 Vi 31% 32% 32 Chandler Mo. 49% 49% 49% 49% Gen. Motors. 14 13% 13% 13% Max M “A” 39 39 Studebaker ..102% ioi % 102% 102% Stewart-W.... 84 Vi 82% 84% 83% Coppers— Am. Smelt... 55% 55 55% 55% Anaconda .. 40% 40% 40%

CORN LEADS ALL GRAINSJPWARD Wheat Responds to Broader Demand —Oats Slow, By United Financial CHICAGO, July 17. —Grain prices closed higher on the Chicago Board of Trade today. Wheat prices responded to broader demand and buying by speculators and advanced substantially in the latter part of the session. Most of the strength, however, was a reflection of a strong corn market. Corn was the market leader, carrying both wheat and oats to higher values. Reports of hot, dry weather over the esouthwestern section of the belt, with scattered advices of damage, gave the trade a strong bullish tone. Oat prices followed along quietly in the wake of corn and wheat, scoring fractional gains and clcsing about at the day’s peak. Provisions closed strong and higher in sympathy with hogs. • Chicago Grain Table —July 17— WHEAT — Prev. Open. High. Low Close, close. July. .98 Vi .87% .96% .97% .97 Sept. .96 .96% .95% .96% .96% Dec . .99 % 1 00 .99 .99 % CORN— July. .82% .83% .82% .83% .82% Sept. .74% .75% 74% .75% .84% Dec.. .62% 63% 62% .63% .62% OATS— July. .38% .38% .38 .38% .38% Sept. 34 34% .34 34% .34 Dec. .35 % 36% .35% .36% .35% LARD— July. 11.09 11.05 1100 11 00 10.82 Sept. 11.03 11.20 11 05 11.15 11.00 RIBS—•JuIy 8.85 8.75 Sept. 895 900 8.95 900 8.90 Julv. ~61% .61% .61% .61% .61% Sept. 63% .64 63% .63% .64 •Nominal. CHICAGO July 17.—Car lot receipts: Wheat. 184; corn. 220: oats. 37: rye. 6; barley. 12. CHICAGO, iruly 17.—Primary receipts: Wheat. 92.400 against 1,389.000 corn. 840 000 against 1.208 000: oats. 777.000 against 718.000 Shipments—Wheat. 580.--000 against 1100.000: corn. 597.000 against 1.211,000; oats, 609.000 against 530,000.

Cash Grain

INDIANAPOLIS. July 17.—Total reeeiptß for the dar. 53 cars. Grain prices ounted f o. b. basis. 41 He to New York The bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Through billed; easier; No. 2 red, 89 (q 90c. Corn—Stronr No 2 white. 82® 84c: No. 3 white. 81 ® 83c: No. 2 yellow. 82@83%c; No. 3 vellow. 81%@82%e: No. 2 mixed. 80® 81 He: No. 3 mixed. 79 % ® 80c. Oats—Steady; No. 2 white. 37%@38%c; No 3 white. 37@38c. Hay—Firm; No 1 timothy. 920@20 50: No. 2 timothy. sl9 @19.50 No. 1 light clover mixed. $lB @18.50: No. 1 clover hay. $17.50® 18. —lnspections Wheat—No. 1 red, 3 c-ara: No 2 red. 7 ears; No. 3 red. 3 car3;.Xo. 4 red. 1 car. • Total, 14 cars. * Corn—No. 2 white, 15 cars: No. 4 white. 1 car: No. 5 white. 1 car; No. I yellow, 1 car: No. 2 yellow, 11 cars; No. 3 yellow, 1 car; No. 5 yellow-. 1 car: No. 1 mixed, 1 car: No. 2 mixed, 1 car. Total. 33 cars. Oats—No. 2 white, 3 cars; No. 3 white. 3 cars. Total. 6 cars. CHICAGO, July 17.—Wheat—No. 1 red. 99 %c; No. 2. 99c: No. 3. 98%a Corn— No. 1 yellow. 88% @B9c: No. 2, 88% @B9c: No 3. 88% @BB He: No. 1 mixed, 86 %c: No. 2. 85% @B6%c: No. 1 white. 87%e: No. 2, 86 %c: No. 6. 84%c. Oats—No. 3 white. 38% @.42c; No. 4. 37@39%c. Barley—62® 63c. Ryo-r-No. 2. 64c. Timothy —ss.so® 6.50. Clover —$15@1750.

Grain Briefs

CHICAGO. July 17.—Corn stocks are likely to be light for the balance of the season and the markets to be in tight situations, according to the bead of one large com industry. Feed business is ahead of normal for this time of year and prices the best in years—s34.so at the mill. Corn prices to the farmer in the southwestern lowa are now- better pound for pout and. than wheat. L. F. Gates, of Lamson Brothers Sc Cos., reported. If this trend continues. Gates said, the Southwest is going to feed its surplus wheat. Commenting on the economic situation in South Dakota and Minneapolis. C E. Lewis, of Minneapolis, said the price of wheat in those States was not so much of a factor as in recent years due to more diversified farming. He called attention to the fact the two States would have only about 20,000.000 bushels of wheat eaeh. As long as the acreage in Kansas is equal to that of the Northwest wheat acreage he can see tio hope for the wheat grower. Any reduction in the acreage must be in the winter wheat territory, he said. Flour prices dropped 15c Monday to $6.85 for best brands of Minneapolis spring patents. Deferred deliveries of oats are selling far below the average gt this time of year with December the lowest with one exception fifteen years. In the Cotton Market Bv United Financial NEW YORK. July 17.—The cotton market opened irregular. July. 26.85. up 6 points: October, 23 76c. OJf 6 points; December. 23.18 c. off 9 points: January, 22 97c, off 8 points: March, 22.94 c. off 6 points. A Dallas dispatch says Texas cotton has improved 3 per cent since June 25. The maturity will be early and by Ihe middle of August the movement will be general. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift A Cos.: Ribs—No. 2. 20c; No. 8. 16c. Loins—No. 2. 30c: No. 3,16 c. Rounds— No. 2. 22c: No. 3.18 c. Chucks—No. 2. 10c: No. 3. Bc. Plates—No. 2. sc: No. 3,4 c. Local Hay Market Ixjose hay—s2l ©23. bales S2O @22:

w 1:45 Prer. High. Low a . nt. close. Kennecott .33% 33% 33% 33% Utah Copper 58% .... 58% 58 Oils— Cal. Petrol... 22% 21% 22% 22 Cosden . ,\. 39 38 % 38 % 39 Marland ... 38% 38% 38% 38% Pan-Am. Pete 62% 60% 62% 61% P.-A. P. (B) 58% 57% 58 Vi 58 Phillips Pete 26 .... 25% 26 Pro & Ref 35% 34% 35 Vi 35% Royal Dutch 47% 47 47% S Oil of Cal. 51% 51 51% 51% St Oil of N J 33 32% 33 32% Sinclair 24 ... 23 % 24 Texas Cos ... 42 % 42 % 42 % 42 % Industrials— Amer Can . . 88 % 87 % 88 % 88 % Amer Ice ... 92 ... 92 91 Amer Wool. . 83 % ... 83 % 84 Coca-Cola .... 77 ... 77 % 77 % Cont Can J.. 45% 44% 45% 46% Fam Players. 71% ... 71% 72 Int Paper . . 36 ... 36 % ... Int Harvester 78 75% 75% 78 Mont Ward.. 20% ... 20% 20% Owen Bottle .43 ... 43 43 Sears-R0e.... 70 U. S. In. Al. 47 45% 46% 46% Am. T. *T. 123% ... 1*2% • 122% Consol. Gas.. 59% 59% 59% 59 % Col. Gas.... 32Vi 32% 32% 32% Shipping— At Gulf 10% 10% 10% In. M. M pfd 23% 23% 23 Foods— Am. Sugar. . 62 % 62 % 62 % 62 % Corn Prod.. 119% 118% 119% 110% C. C. Sg. pfd 43% 42% 42% 42% C.-Am. Sg . . 27% 36% ~”6V 4 27 Punta Alegre 51 % 50 % 50 % 50 % Tobaccos— Tob. Prod... 81 80% 80% 80%

CURB MARKET BECOMES DULL IN LATE TRADING Durant Motors Attracts Attention by Six-Point Advance. By United Financial NEW YORK. July 17.—After a fairly good opening today the curb market settled back and in the absence of any important news turned dull in the later trading Abou tthe only issue to attract especial notice was Durant Motors, which experienced a wide swing, getting to 50, 6 points above the previous close. In the oils. South Penn Oil sold down 4 points to 125, but Maracaibo and Mammoth were steady to firm in the face of a general sagging off in that class of stocks. A cut in Wooster crude oil of 10 cents, a barrel went unnoticed as far as the petroleum shares were concerned. The late afternoon was marked by strength In some of the miscellaneous securities, a gain to 9% occurring in Hudson and Manhattan common, simultaneously with a sale in the preferred at 47. This is the first time the latter has sold In three weeks and the price represented a 3 point gain.

Produce Markets

INDIANAPOLIS. July 17.—Freah eggs. 19c: packing stock butter. 25c: spring?. 1 % to 2 lbe . 33c fowls, straight. 18c: fowla. ; under 4 lbs.. 15c: leghorns 25 per cent discount: cocks 9c young tom turka. 23c old torn turks 18c; ducks. 5 lbs. up. 12c: geese, 10 lbs. up. 10c■ squabs. 11 lbs. to doz., $5. Indianapolis creameries are paying 37c a lb for butter fat. NEW YORK. July 17.—Flour —Unsettled and wpftk Pork—Dull. Mesa—s2s Lard —Steady: middle west, spot. [email protected]. Sugar—Raw, firmer: centrifugal. 96 test, 7.28 c; refined, firmer; grrnulated. 8.75@; 9c. Ciffee— Rio. No. 7 on spot. 11c: Sntos. 13% @l3%e. Tallow —Dull: special to extra. ft%@6%c: city. 6%e. Dressel poultry—Firm: turkeys. 23@42c: chickens.) 25® 48c; fowls, 13@30c; ducks. Long Island. 25c. Live poultry—Quiet geese. 16c; ducks, 14 @‘.Lie: fowls. 23® 26c: turkeys. 20c: roosters. 15c: broilers. 32@ 43c. Cheese —Firm; state whole milk common to specials. 20® 26 %c; state, skims, common to i specials, 8@17%c Butter —Steady; re-] ceipte. 9.219. creamery extra. 38%c; pe- \ dal market. 39@39%c: state dairy tube.] 34 % ® 38e Eggs—Weak: receipts. 35.638;' nearhv whites, fancy, 41®45c: nearby state, whites. 26® 43c: fresh firsts to extras, 24% ® 33c; Pacific coast. 32@40c; western white. 26@43c: nearby browns, 33 @ 41c. CHICAGO. July 17.—Butter—Receipts. 16.230: creamery extra, 37c; standards. 37c; firsts. 34® 35c; seconds. 33 %c. Eggs—Receipts. 18.957. ordinary firsts. 20% @2lc: firsts. 22 %c. Cheese—Twins, 22®22%c: young Americans, 23®23%c. Poultry— Eight cars: fowl3, 19@23c; ducks. 18@23c; geese. 14®21c: turkeys, 20c; roosters. 13c: broilers. 28® 36c. Potatoes—Receipts, 265 cars Sacked Early Ohloa. Missouri and Kansas cobblers, $2.25®2.50; brL car lots, Virginia Cobblers. $5.50@5 75. CLEVELAND. July 17.—Butter —Extra, in tubs. 41® 43c; prints. 42® 44c: firats, 39® lie: packing stock, 30®32c. Eggs— Fresh gathered northern .rxtras, 30c: Ohio firsts. 26c: western firsts, new cases. 24c. Poultry—Heavy fowls. 26® 27c: light fowls, 20® 23c; cocks, loo: broilers. 39® 40c: ducks, spring. 28® 30c. Potatoes—Virginia Cobblers. $5 [email protected] per barrel; poor grade, $4.50® 6. Births Boys John and Lora Turk. 1010 N. Missouri. V/alter and Blanche Rhoads, 1445 S. Eastern. Leo and Hklen Stoley. 817 S. Missouri. GfTarles and Myrtle Cowden. 1635 Linden. Albert and Mats*! Sabn. 152 W. Sixteenth. Charles and Edith Rouls. 1342 N. Parker. Oran and Edna Wilson, 1543 Hoyt. Donald and Margaret Pope. Clark Blakeslee Hospital. Walter and Mary Webbels, 811 Meikel. Chris arid Bertha Kirkoff, 1039 Sumner. W. O. ani Della Patterson. 1056 W. Michigan . Clarence and Bessie Arnold. 6124 Lowell. Lauren and Thelma Jackson. 2507 Bellefontaine. Carl and Av3 Rahke, Methodist Hospital. Herbert and Ephemia Jennings, Methodist Hospital. Paul and Dorcas Filer, Methodist Hospital. Thomas and Marian Keene. Methodist Hospital. 'Albert and Bessie Ferguson, 427 E. Louisiana. Girls Alexander and Nancy Tweeney, 805 BradMathew and Mabel Womack, city hospital. Hubert and Annette Eatherly, city hospital. Jesse and Clara Lowe. 1451 Spruce. William and Willie Thomas, city hospital. Charles and Leone Fowler, city hospital. Joe and Sarah Schuler, city hormital. Frank and Anna Moore, city hospital. Richard and Mabel Baker, city hospital. Tine and Ethel Dickinson, Methodist Hospital. James and Beatrice Tlncher, Methodist Hospital. Claude and Sophia Smith, 308 S. Sherman Dr. Waiter and Florence Pedersen, 225 W. Thirty-Second. „ William and Mary Brydon, 41 S. Euclid, girl. Harry and Rose Markus. 746 N. Riley, girl. Walter and Ethel Weddle. 5325 Brook- ' and Dora Hatcher, 1733 Alvord. Deaths Jaoob Hahn. 44. 1118 Reisner, angina peetona. Elizabeth M. Minnick, 1, 2035 Roosevelt, broncho pneumonia. , . Anna L. Mouaty, 51, 1129 E. Market, sarf'oma. Laura B. Greenslade, 61. 2136 W. Morris, cerebral hemorrhage. Maggie Downa. 51, 627 W. Sixteenth, chronisc myocraditis. Emily I. Ragan, 33, Deaconess Hospital, acute dilatation of heart. Anna Mabel Dorseh, 25, City Hospital, pulmonary tuberculosis. Rosa M. Hull, 58. 3032% E. Washington, chronic myocarditis. Richard Townely Osborn, 66, 509 N. Jefferson, cerebral apoplexy. Bert Watson. 38. 17 N. Hamilton, pulmonary tuberculosis. Henry Miller, 41, 2442 Hovey, pulmonary tuberculosis. Lola Esther Edwards. 21, 2214 Arsenal, pulmonary tuberculosis. / Howard Alexander Proctor, 4 months, 510 W. St. Clair, acute bronchitis. Infant Cummins, 4 hour*, 263 N. Miley, prematura birth. William Brown, 61. City Hospital, pernicious anemi Sarah 11. Wolfe, 74, Methodist Hospital, infiueuza. George Pioczko. 11 months, 530 N. Concord, cholera infantum. Geoyge Sheets, 78. CHy Hospital, chronic

THE INDIANAPOLIS TIMES

PORKERS ADVANCE 25 TOJS CENTS Price of J 58,25 Paid for One Load of Hampshires. Hog Prices Day by Day 11. 7.55 7.60 7.65 12. 7.85 ' 7.90® 7.95 8.00 13. 7.50® 7.65 7.65® 7.75 7.80® 7.85 14. 7.00® 7.25 7.25® 7.65 7.75®) 7.80 16. 7.35® 7.50 7.60® 7.80 7.85® 7.00 17. 7.25® 7.60 7.90® 8.10 B.lo® 8.25 Prices for pork on foot advanced sharply in trading at the local livestock exchange today, the upturn carrying the top for one load of Hampshires to $8.25, with the bulk of the selected light hogs selling generally at [email protected]. The advance in the general market was quotably 25@35c, the heaviest advance being found in the mixed classes, which sold between $8 and SB.IO. Heavy hogs found the same lack of demand that has characterized trading for the past week and were sold only under diffl, culty and at prices ranging from $7.25 to $7.50. The bulk of the day’s receipts of 9,000, inclusive of 735 holdovers, moved between $7.50 and sß#lo. The cattle market was 10@15c lower on tne bulk of sales, only a few loads Os prime steers and heifers managing , to bring anything like steady prices. A Tew steers of the finished variety sojld ’at sll, or 25c lower than last week's top, while prime heifers were off a like amount at $lO. Receipts, 1,200. Prices 'for veal declined generally a half dollar to a top of sll. with a few odd calves bringing $11.50 and the bulk from slo@ll. fteceipls, 600. Trading in the sheep and lamb market was at steady quotations, with lambs se}ling down from sl4 and sheep down from $6. Receipts, 500.

—Hogs— Juvl 250-300 lbs 200-225 lbs 150-180 lbs. 150 to 200 lbs $ 8 10® 8.25 Medium . . 7.00® 8.10, Heavy 7.25® 7.50 Top 8 25 Ptys 7.25® 7.75 . Packing sowa 6.25® 7.00] —Cattle— Few choice steers $10.00*3 II .00 j Prime corn-fed steers. 1.000 to 1.300 lbs 9.00@ 050 j Good to -hoice steers. 1.000 to 1.100 lbs , .... 8,50® 9.00; Good to choice steers. 1.000 to 1.200 lbs 7.50® 8.00 ] Good to choice steers. 1.000 to 1.700 lbs 7 50® 800 Common to medium steers. 800 to 1.000 lbs 7.25® 7.50 ! —Cows and Heifers— Choice light heifers 9 8 50® 10.00 Good light heifers 7 00® 8.75 i Medium heifers 6 00® 7.25] Common heifers 5.00® 600 I Fair cows 4.00® 5.00 Cutters 2.75® 3.251 Canners . 2.25® 2.50 j —Bulls— Fancy butcher bulls . $ 5 50® 6.00 ! Good to choice butcher bulls 5.00® 5.50] Bologna bulls 3.75® 4.50 j —Calve*— Choice veals . . slo.oo® 11.00 j Good veals P.oo® 10.00; Medium veals 8 00® 9 00 I.ightwoight vsals ......... 7.50® 800 Heavyweight veal* 7.00® 7.60 Common heavies 6.00® 7.00 Top 12.00 —Sheep and Lambs— Culls $ 2 25® 3 25 j G*od to choice ewes 3.00® 6 00; Few choice lames ......... 13.00® 14.00 I Heavy lambs .... . 11.00® 13.00 CPU lambs B.oo® 10.00 Other LivestocK Bv United Financial CHICAGO. July 17— Hogp—Receipts 28.-; 000: market 15®25c higher; top. $8; bulk,] $0.50 @ 7.80; heavyweiglt. $6.757.80:| medium. $7.15® 8; Hglft s7@6; light lights. $0.75® 7 95; heavy packing, smooth. [email protected]; parking sows, rough. $5.76@6: killing pigs. $6 50® 7.40. Cattle—Receipts, 13.000; market very slow: better grades beef steers, yearlings and beef cows and heifers about steady; lower grades unevenly weak to 25c lower; killing quality rather plain; yearlings numerous; rally top matured steers. $11.50: best lon'g yearlings, $11; bulls. 10® 15c lower: vealers 26c lower Sheep—Receipts, 10.000; market desirable fat lambs 26c lower; culls and sheep steady: top western lambs, sl4 90; natives. $14.25; clipped California. sl4 50; medium and handy weight ewes. $5 @0.25; lightweights. upward to $7; heavies downward to $3.50. CLEVELAND. July 17 —Hogs—Receipts. I, markot, 15c to 25c higher: yorkers, $8.50; mixed. $8.40; medium. $8 40: pigs. $7.50: roughs. $5.50; stags* $4. Cattle— Receipts, 200: market, steady; good to choice bulls. $7 @8.50: good ato choice steers, $9 50® 10.25: good to choice heifers. [email protected]: good to choice cows. ss@6: fair to good cows. s3@s: common cows. s2ft3; milkers. Si) 5 @75 Bheep and lambs—Receipts, 500: market, steady; top, sls. Calves—-Receipts, 300: market, steady: top, sl3. EAST BUFFALO July 17.—Cattle—Receipts. 226: Market active, steady; shipping steers. $lO @11.35; butcher grades. $8 @9-35: cows. $2.60@7. Calves—Receipts, 400; market active. 50c higher; cull to choice, $4 @12.50. Sheep and lambs—Receipts. 600: market active and steady; yearlings. 60c lower: choice lambs, sl4® 15; cull to choice, s9® 13.50; yearlings, $7 @11.50: sheep. $3 @8.50. Hogs—Receipts. 1,400; market active. 25c higher; Yorkers. $7.75@8: pigs. $7.76; mixed, $8.40 @8.50: heavies $8.2608.40; roughs, $5 50 @6: stags, $4 50®5. EAST BT. LOUIS. July 17.—Cattle—Receipts, 5.500; canners and cutters. $2.50® 3.25: calves. $10.25® 10.50. Hogs—Receipts, 16.000; market 15@20e higher; heavy, $7.30 @7.76: medium. $7.00 @7.00; lights, $7.65®8; light lights, s7®B: pack ing sow*. [email protected]; pigs. $7.25®7.85; bulk, $7.75.,@7.05. Sheep—Receipts,’s.ooo; market steady; ewes. s3@6; canners and cutters, sl@3; wool lambs, [email protected]. CINCINNATI. July 17 —Cattle—Receipts. 450: market, slow an dsteady; shippers. $9 @lO. Calves—Market, 6<V lower; extras, $9 @ll Hogs—Receipts, 3,500: markot, 25c higher; good or choice . packers, SB. Sheep—Receipts, 3,000; markeV strong; extras, s4® 6. Lambs—Market, *teady; falF to good. sl4 @14.50. PITTSBURGH. July 17. Cattle—Reoeipts light; marke tsteady; choice, $10.60® 11. good. $0.50® 10.25; fair. $7 08.60; veal calves, sl2 @l3. Sheep and lambs— Receipts light market slow; prime wethers. 57.25Q7.50; good. $6.50@7; fair mixed, ss@6; lambs, [email protected]. Hogs—Receipts, 12.000: market higher; prime heavy. $7.83 @8; mediums, [email protected]; heavy yorkers. .68.50® 8.65; light yorkers, [email protected]; pigs, $7.75@8; roughs, $5.50@0: stags. $3.

Cloverseed Market Cloverseed was quoted s7@lo a bu. in Indianapolis. Local Wagon Wheat Local mills are paying 90c: for new No. 2 red wheat. HARD LUCK FOLLOWS HIM Cincinnati Man Hit by Truck and Then Arrested. Edward Timey, Cicinnatl, Ohio, today walked from a *'safety zone at Washington and Liberty Sts., into the path of a truck driven by Floyd Hardy, 554 Traub Ave., driver for the Niman Transfer Company, 620 N. Senate Ave., and was cut and bruised, according to police. Tirney was charged with drunkenness. Awning Shop Incorporates The Thorpe Awning Bhoppe, Incorporated, of Indianapolis today filed articles of incorporation with the State, announcing a $25,000 capital stock. The Inr porators are William H. Thorps, J? : ‘ >F. Pflueger and Lesta

FOUR WILL SIT IN WATER CASE (Continued From Page 1) is desirous of leaving no stone unturned in his effort to serve the publis interest this vitally important matter.” I Four Members to Sit. The hearing will start at 10 a. m. in the House of Representatives with four members of the commission sitting. Edgar M. Blessing, who had been assigned to preside in the case, but who withdrew after he was criticised for visiting Clarance H. Geist, president of the water company in the East, will not participate in any manner, ho indicated. It had been rumored that Blessing might sit merely as a member. This situation leaves the possibility N os a. tie among the remaining four members.* John W. McCardle, chairman of the commission, said the law requires an order in a rate case be, approved by at least three members cf the commission. He said that Blessing would not be required to sit in the hearing, but that he could cast a deciding vote in case of a tie if he so desired. It is understood on good authority that Blessing has no desire to cast a deciding vote or any other kind of vote. / Approximately ** 150 people, representing fourteen active civic clubs of Indianapolis, have been delegates to attend the bearing. Edward O. Snethen, president of the Federation of Community Clubs, said that probably many other persons interested in the case will attend. Ask City Ownership Approval of the city administration's attitude in the water rate controversy and a resolution asking that steps be taken tor a municipally owned water works system were the chief features of a meeting Monday night of the Southeastern Civic Improvement Association in the library building at Shelby St. and Bradbury Ave. It was decided to send letters to Mayor Shank and Taylor E. Groninger. city corporation counsel, commending them for their efforts In fighting increased rates. Robert Sloan, president of the organization. said he would appoint twenty members to attend the hearing Wednesday. Meager, untruthful valuation of the water company’s property was denounce last night by A. Leroy Portteus, -president of the Brookslde Civic Association, before members of the Northeastern Community league in School No. 69. Thirtieth St. and Keystone Ave.. Monday night. Urges Civic Action Porttous declared the power of the civic leaguep and clubs of the city would be the greatest force in blocking any increase in water rates. Members of the league voted to reorganize and start a campaign to take greater Interest in civic affairs. Delegates to represent the league at the hearing are: Mrs. Alice Boyer, Mrs. Glenn Harman, Charles Reichart. Joseph W. Bowers. Mrs Stanley Waszkowski. H. Windhurt, Mrs. B. H. Conover, A. Stafford, O. M. Imel and W. J. Bat ley. The Brookside League will be represented by Elmer B. Allen, J. W. Burt,

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‘I Beat Yake by Yimminy’ By tnited Pres* ST. PAUL, Minn., July 17. Collapse of wheat prices was greatly responsible for the “farmer revolt”' that elected Magnus Johnson, United States senator. The campaign between Johnson and Preus was about even when wheat dropped below sl. Johnson hammered his “farmer relief” platform. “Well, I beat Yake,” he com* mented today. “I’m United States senator by yimminy. What you t’ink of that.”

John A. Brossart, Allen E. Cottey, Dr. O. T. Dicks, Edward Durler, Mrs. Frank Dickie, G. A. Everett, Mrs. Frank Erath, Mrs. C. D. Free, Mrs. Emma Goebel, J. Hueber Patton, Edward Vonßurg, Mrs. H. C. Banes, C. C. Mundy and G. E. Peterson. Fullen Writes Again The request that Governor McCray ask for the resignation of Blessing is contained in a letter sent to the Governor by J. Stephen Fullen, attorney and leader in the Enterprise Civic League.. Fullen recently presented a petition asking the Governor to hold a hearing with a view to removing Pressing. The Governor replied such action was not customary and that the case was a matter of executive jurisdiction. Fullen in his letter refers to two cases in which Governors have asked for the resignations of members of the commission. Item is Arrives Edwara W. Bemis, expert engineer and consultant for the Interstate Commerce Commission, employed to aid the city in the water fight arrived here today for the duration of the case. Bemis, Clarence O. Weir, civic club attorney, and Taylor E. Groninger, corporation counsel spent the day in final preparation of the city’s defense against the petition. Hundreds of petitions bearing thousands of names against the rate increase are being received at the city hall. No accurate check has been made of the totals number received. More that 6,000 were distributed by the city and it is expected that all will be returned in time to present to the hearing Saturday.

DEFEAT OF PREUS SLAP AT HARDING (Continued From Page 1) demption.” said the Pioneer Press editorially. The Pioneer Press and Dispatch supported Governor Preus during the campaign. “Both Ends Against Middle” Governor Preus who b%an a political career under exceptionally favorable auspices finds himself th victim of an attempt to play botn ends against the middle.” the editorial continued “It can t be done in politics or anywhere else.” It was the second political duel within a year between Governor Preus and Senator Johnson. Last Novem-

EVERY day in the want ad columns of The Indianapolis Times —in the real estate section —there are offered myriad opportunities for you to secure that lot or that house —or both —at terms and prices maybe more agreeable than you had dreamed of. “This Is My Home” Has it occurred to you what a wonderful thing it is to he able to pronounce these four words?, \ /K• ! . . And the opportunity of pronouncing* them rests maybe on whether or not you read today's real estate section of The Indianapolis Times Want Ads.

ber they fought it out for the governorship. Victory Not Surprise Johnson’s victory was not a surprise. It was presaged by the election last November by Dr. Henri Shipstead, Farmer-Labor, over Frank B. Kellogg, one of the Republican “old guard” In the Senate. With the two Farmer-Labor Senators from Minnesota, Progressives in the Senate hold a balance of power. Both were elected on platforms that grew out of the Non-Partisan League program in the Northwest. Johnson will favor: Repeal of the Eschfcummins railroad law. Revision of the Fordney-McCumber tariff. Government grain purchase and storage to assure the farmer “a living wage.” Nationalization and development of water power resources. The Norrls-Sinclair national farm marketing corporation. Complete revision of the Federal Reserve Bank system. Abolition of Supreme Court decision by a majority vote. A soldier bonus to be paid by revenue from an excess profits tax—not a soles tax. Against Court Injnnctions Restriction of the use of coqrt injunctions in labor disputes. More stringent regulation of the packing industry. Complete equality for men and women, politically and industrially. Anew child labor law. As soon as things stack up on the farm near Kimball, Johnson plans to “visit around” with his constituents and learn what else they want him to do. He will be an enthusiastic member of the farm bloc which Is becoming well defined in the Senate. ' Marriage Licenses Fred H. Froach. 23. 562 Highland Ave.: Geraldine Jones. 18, 1218 W. Twenty-eighth St. Jamea C. Sharp. 28. 224 IT. LaSalle St.: Bernice Polley. 19. 3625 N. Oxford St. Robert Griffin. 32, 610 W. Vermont St.; Mary Dew, 18. 610 W. Vermont St. Harry Cook, 37. 1459 Fletaher Ave.; Nora Johnson ,33, Edge wood. Elmer Ulldich, 23. 34 S. Tuxedo St.: Irene Sippel. 22, 3* 8. Tuxedo St Charles Cowles. 27. 1728 N. Dlinois St.: Freda Ellett, 18, 845 W. Twenty-aeventh St. Beniamin Smith, 23, 773 W. Twenty-fifth St.: Lulu Homes, 26. 210 W. Sixteenth St. Theodore Hester. 21. 716 Johnson St.; Lydia Smith, 16. 970 Colton St. George E H*nn. 28, 325 N Noble St.; Esther Bc.hergens. 21, 508 N. Davidson St. Allen C. Stewart. 22. 2806 Chester St.: Grace Meredith. 18, 2815 N Gale St. Victor J Ralble. 28. 939 W Twenty-Sev-enth St.: Thelma Stelnkamp, 21, 2616 E. Michigan St. Charles Noon. 27. 2356 N. Pennsylvania St.; Clara Leukhardt. 22. 2001 Sheldon St. Lewi* H. Noble. 43. 3814 N. Capitol Ave.: Mary Cropper. 40. 411 N. Delaware Bt. william T. Hasher, 36. 330 N Elder Ave.; Ruth Davis. 20. 1504 Everitt St. Robert E. Griffin. 21. 817 W. Twenty|txth Bt.; Dorothy Bailey. 17, 1605 Talbott NEW AGENTS ARE NAMED Lif Insurance Offices Open Late This Week. William H. Meub and Earl E. Smith, formerly of Cleveland, 0.. have been appointed agents for the New England Mutual Life Insurance Company to succeed the late William L. Home. The firm ha* moved into newly equipped office*, Rooms 901-909, J. F. Wild Bldg., 119 E. Market St., and will be ready for buslnes late this week. Prowler Is Reported Miss Mildred Boschan. who rooms at the home of Robert S. Wright, 87 Warman Ave., telephoned police at 2 a. m. today that a prowler was attempting to open a window. Police failed to find him.

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U. S. TIRE MAKERS SEEK NEW SOURCE OF CRUDE RUBBER / Government Experts Investigate Possible Locations for Huge Plantations, By Times Svectal WASHINGTON, Julyl7.—ln another year American tire manufacturers, anxious to escape payment of constantly increasing tribute to British crude rubber suppl ymonopollsts, will know whether it is feasible sound business standpoint for them to invest millions of dollars in new rubber plantations in South, in Central America and in the Philippines. Three exhaustive Federal inquiries wll lsoon get under way in an ecor. to find new American sources of crude rubber supply. Department of Commerce experts are sailing for youth America for a survey of the Amazon valley, the Orinoco valley. Central America, southern Mexico and the Philippines. Department of Commerce crude rubber experts now are en route to southern India, Ceylon, British Malaya and the Dutch East Indies to make a study of all phases of rubber production. The department Is acting under ssr thority of Congress, which appropriated $500,000 for the purpose. Officials know that from a physical standpoint rubber can be raised in every country to be investigated, but they want to know whether economic conditions in these countries will Justify attempts to cultivate rubber on a scientific plantation basis. Secretary Hoovre’s experts also will Inquire Into labor, transportation, political and taxation conditions. Agricultural experts will include in their survey a study of trees and their productivity, soil conditions, which plants can be successfully grown under plantation conditions and diseases to which rubber plants are subject.

Building Permits George Carr, addition, 4038 H. Thirtieth, S2OO. W F. Brad, dwelling, 222 N. Tremont. $3,500. F. M. Bartholomew A Son, dwelling, 4844 Carrollton, $6,500 L. Russell Newgent, double. 83 N. Brookville, $8,760. 0. H. Guype, dwelling. 722 Lin wood. $3,500. O. F. Stiver, addition, 1027 River, S3OO. Mabel E. Roae. double, 976 Clifton, $9,000 S. P. Beeman. garage. 2021 Laurel. $275. William Hueber. garage. 6925 B. Washington, S3OO. Civic Realty Company, dwelling, 2830 E. Eighteenth, $3,750. Bert Hall, double, 2035 \N. Keystone. $4,000. Maggie Smith, garage. 826 S. Mount, S3OO E. W. Danner, repair, 558 N. Tremont, $25. L. J. Reach, garage. 1935 8 Meridian. $2,800. Sam Levi, garage. J 937 Ruckle. SBOO. Francis Hendricks, garage, 47 N. Whittier, $725. Charles Peters, garage. 238 N. Mount. S2BB. Thomas A. De Falca, garage, 8950 Byram. SSBO Fred L. Blanton, dwelling, 21 N. Berwick. 81J500. Hayea M. Stiles, garage, 3153 Northwestern, $376. A. E. Coffin, garage. 65 Frank. S3OO. J. A. Shaw, dwelling. 754 N. Arlington. $4,000. Ruth B. Jones, addition, 2175 Parker. $550.

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