Indianapolis Times, Volume 35, Number 57, Indianapolis, Marion County, 18 July 1923 — Page 11

WEDNESDAY, JULY 18, 1923

BEAR OFFERINGS ARE LIGHT ANO * HAVENOEFFECT Stocks Continue Their Rally Uninterrupted—Prices Are Higher, The WALL STREET JOURNAL NEW YORK, July 18.—Prices were higher in the stock market today oft a fairly active turn-over. Rails were firm and more active with Baltimore & Ohio up to 48*4 while Delaware & Hudson, Northern Pacific and Southern Pacific were all above Tuesday’s closing levels. Leading Industrial issues, excepting Steel common, better their previous closing positions. Foreign news was of a better nature. First Hour The general list continued firm during the first hour on moderate activity. helped by short covering. Steels were in better demand and it was reported that Steel’s unfilled tonnage in July is likely to show a much smaller drop than in June. International Harvester “A” was off 1% points following government suit to have the company split into three units under separate ownership to end alleged monopolization. Second Hour hesitated in the early part, of the second hour, but only fractional recessions resulted when trading slowed up perceptibly. Offerings were light and prices well maintained, eo that by noon most of the stocks were again at their highs fop the morning. The Street is watching Studebaker. ip which a substantial short interest is apparent from the fact that it lias moved in a range of three points 'Tor the last three weeks Sugars were -q.uiet but firm. Noon Hour ' While trading during the noon hour was quiet, prices in the main body of stocks showed a marked disposition -to better their position whenever they appeared on the tape. Many investors are known to be quietly picking up : dividend-paying stocks and in no group has this been more noticeable than in the carrier list. Those especially favored have been steadily advancing. Fourth Hour As trading wore into the afternoon short covering in such leaders as Baldwin, Studebaker, American Can and Corn Products caused substantial advances. Bears who had been waiting for the forward movement to . meet a set-back found they were forced tc bid up stocks on their own purchases in order to enter hedging orders for protection. Rails continued in steady demand. Closing Hour at the close of the day’s session were found, in the greater number -of instances, to be at tbo best levels of the day, having maintained the recovery tecored after the morning’s short-lived reaction. The complete absence of selling pressure -during the afternoon demonstrated a bullish commitment on the part of the majority of traders and a pronounced unwiljingness of professionals to enter the market for temporary' profits. Local Bank Clearings Indianapolis bank clearings Wednesday were f3,511.0000: bank debits were $7,885,000. * . New York Money Market By United Financial NEW YORK. July 18.—Time money market dull Loans arranged at 5% per rent on all maturities. Commercial paper prime name* 5 per cent :other names 5% per cent; bulk of busines is at 5 per cent. Foreign Exchange By United Financial NEW YORK. July 18.—Foreign exchange closed lower: Sterling, demand. $4.58 7 4c. Francs, demand. 5.80%c. Lire, demand. 4.32 c. Belgian, demand. 4.84 c. Marks, 275.880 to the dollar. Czeeho, demand. 2.88 '4 c. Swiss, demand. 17.44 e. Guilders, demand. 39.19 c. Pesetas, demand. 14.26 c. Sweden, demand. 28.51 c. Norway, demand. 16.14 c. Denmark, demand, 17.46 c.

Business News

NEW YORK. July 18.—While steel boy|tf Is still below production, a decided has been noticed for the past ■Bo weeks. Lines particularly affected are pipe, tin plate, wire, bars and railroad materials. One large tinplate producer described the demand for that product as “simply enormous." In pipe and tinplate at least one of the largest concerns has been obliged to turn down some offered 'business. Average steel operations are something over 85 per cent capacity. U. S. Steel is running at over 90 per cent and Bethlehem, the second largest producer, at about 82 per cent. NEW YORK—Charles Jt. Schwab declares the decline in the stock market should not be regarded as a barometer or the Nation's business. Mr. Schwab said that we have every reason* to reel confident or future business and that it is only when Industry is built up on an artificial foundation that we should think of pulling in our sails and looking for a storm. He added: “I see no ominous clouds bn the horizon at the present time. There has been a slackening up In the country's business, but I maintain this is a good omen.” NEW YORK —“English mills that are dependent on American cotton are in a bad way at the present time, cnte to the uncertainty caused by the Ruhr situation.” says Col. J. J. Shute. former president of the Liverpool Cotton Exchange, who has arrived here. “The world can use all the United States can graw in the next four years.' he added. “It looks now as ir there will be a cotton crop insufficient to meet the world's needs Asa result the .price probably will be high, as it is gov--timed by supply and demand." WASHINGTON —A leased wire extending . the market news service acroes the continent to San Frand9co was opened July 16 by the United States Department of cultureNEW YORK—Brokers’ wires running to ' the prominent summer resorts are quite active these days, although It must be admitted that most of the activity is confined to requests for information and general market news. The volume is much below what the large wire houses expected. h In the Cotton Market ■v United Financial NEW YORK. July 18.—/The cotton market opened lower July 26.55 c. offVT: October 23.65 c. off 3: December 23.12 c. off :3d January 22.80 c: March 22.80* off 3. Local Hay Market i , Loose hay—s2l®23: bales. $20®22; I heavy mixed hay. 820® 22; light mixed hay. *lß®3o Com—92®9se. i *

New York Stocks (By Thomson A McKinnon) —July 18 —/

Railroads— At 1 "45 Prev. High. Low. pm. close. Atchison ..98*4 99 99 Vi 99 B. A o . . . 48% 48 % 48 la 48V4 Can. Pacific 147% •• • • 147's 148 C. R I A P 25% .... 25 24 S Del. A Hud. 105 ... 1041, 104% Ot. Nor. pfd 65 >4 0514 6514 65 V* Lehigh Valley 50% J 59%, ->914 N. Y. Central 98% 97% 98 97% Nor. Pac. . . . 66% .... oi>% 66 % Pennsylvanai. 43% 43% 43 Is Reading .... 71 7 s . .. 71% <l% So Pacific.. 87 86% 86% 86 % *St. Paul pfd 32% .... 32% 3214 St. L A S. w. 29 7 ... 20% 29% Wabash pfd. 28% 27% 28 .27% Rubbers— 9 Kelly-Spring. . 35 % 34 % 35 3411 U S Rubber. 43% 42% 43% 42% Equipments— Amer Loco.. 67 % 67% 07% 66 T 4 Baldw Loco .120% 119% 119% 119% Gen Electric .175% ... 175% 175% Lima L0c0... 02% 81 Vi 0214 60%* Westh Elec.. 5614 55% g6Vi y 55% Steels— Bethlehem... 47 % 46 4,6 % 46 Crucible .... 05 % 64 % 05 64 Gulf States. 72% 71% 72% 71% Rep I and S. -45 % ... 45 44 % U S Steels.. . . 91 Vi 90% 90% 90% Vanadium ... 32 % ... 32 32 Motors— Amer B Mag. 33% ... 33 33 Chand Mot. ..51 % .. . 51 51 Gen Motors.. 13% 13% 13% 13% Max Mot A. 41 39% 40% 38% Max. M. <B) 12 11% 12 11% Studebaker .104% 103% 103% 103% Stewart-W... 87% 80 80% 88% Timken .... 37 % 30 % 37 % 37 Int. Nickel. 12% 12% 12% 12% Texas G. A S. 57% 57 57% Coppers— Am. Smelt... 57% 56% 57% 58

GRAINS ADVANCE IN CHICAGO PIT Late Profit-Taking, However, Whittles Slightly, By United Financial CHICAGO. July 18. —Grain prices scored substantial gains on the Chicago Board of Trade today. Sharp advances during the morning were only slightly affected by selling pressure near the close. Cash markets closed higher. After advancing from l%c to l%c over Tuesday's close, wheat closed for the day about Vic under the high mark. There was excited covering by short interests, however, which sustained prices near the early high levels. Profit-taking sales late in the day were responsible for the slight drop. Com was in a healthy position wit"h prices fluctuating abc>ut like wheat. There was a great widening between July and the more deferred deliveries. Oats, after advancing with other grains, failed to reflect the late weakness, holding to strong values throughout the session. Provisions were weak and prices lower in line with hogs. Chicago Grain Table —July 18— WHEAT— Brev. Open. High. Low. Close, close Julv . .98 1.00 .98 .99% .97% Sept. . .97% .99 .97% .98% .96% Dec .1 00 1.02 1.00 1.01% .99% CORN— Julv . .83% .84% .83% .84 .83% Sept. . .78% .77% .70% .77% .75% Dec 63% 64% 83% .63% ,03% OATS— July . 38% 39% .38% .39% .38% Sept. . .34% 35 Vi -34 % 35 .34% Dec . 30% .37 .36% .30% .36% LARD-—— July 11.00 11.00 10.02 10.90 11.00 Sept 11.12 11.15 11.05 11.05 11.15 RIBS—•JuIy .... .... .... 8.70 8.85 Sept. .8.90 8.92 8.85 8.85 960 RYE— July . .62% -62% .62 .62% .81% Sept. . .63% 65 63% 64 .03% • Nominal. CHICAGO. July 18. —Car lot receipts: Wheat. 78; corn. 115: oats. 60: rye. 1: barley, 15. CHICAGO * July 18—Primary receipts. Wheat. 1.049.000. against 1.893.000; com, 650,000, against 1,104.000; oats. 659.000, against 562,000. Shipments Wheat. 592 - 000. against 602.00 P: com 137.000. against 663.000 ;catß. 552,000. against 599.000.

Cash Grain

INDIANAPOLIS. July 18.—Total receipts for the day. 64 cars. ’ Grain prices quoted f. o. b. basis. 41 %c to New- York. The bids for ear lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Through billed; strong: No. 2 red. 90% @9l %c. Corn—Firm: No. 2 white. 82® 84c; No. 3 white. 81 % @ 83c: No. 2 yellow. 83 ® 84c: No. 3 yellpw. 82® 83c: No. 2 mixed, 82 V* @ 83%c: No. 3 mixed. 81%®82%c. Oats—Steady: No. 2 white. 38@38%c; No. 3 white. 37%@38e. Hay—No. 1 timothy, $20®20.50: No.. 2 timothy. sl9® 19.50; No. 1 light clover mixed. slß® 18.50: No. 1 clover hay. $17.50® 18. —lnspections Wheat—No. 1 red. 9 cars: No. 2 red. 8 cars: No. 3 red. 3 cars; No. 2 mixed. 1 car. Total. 21 cars. Com-—No. 2 white. 10 cars. No. 3 white. 1 car; sample white, I car: No. 1 yellow. 3 ears: No. 2 yellow. 19 cars; No. 3 yellow. 2 cars: No. 1 mixed, 2 cars No. 2 mixed. 1 car: No. 3 mixed. 1 ear. Total. 40 cars Oats —No. 2 white, 3 cars. Total. 3 cars. CHICAGO. July 18.—Wheat—No. 1 red. $101%: No. 2. $1 @1.01: No 3. sl® 1.00%: No. 2 hard. $1.00% @l.Ol. Com— No. 1 yellow. 89@89%c: No. 2. 89'a89%e; No. 3. 88%c: No. 4. 88c: No. 0. 84@85%e: No. 1 mixed. 86%c; No 2. 86%c; No. 6, 84@85e: No. 1 white. 87%e; No. 2. 87% ® 88 %c: No. .3. 87 %c: No. 4. 80c. Oats— No. 1 white. 87%c; No. 2. 87%@88%c: No. 3. 87%e: No. 4. 86c. Barley—6s@ 67c. Timothy—ss.so® 6.50 Clover—sls @17.50.

Grain Briefs

CHICAGO, July 18.—The movement of wheat is increasing with the farmers selling more freely. In addition, the hedging pressure is increasing. With this situation, more speculative and export buying are needed to absorb the surplus. Sydney Anderson, Minnesota Congressman, president of the newly organized Wheat Council of the United States, has aeked for an investigation of wheat because of the recent drop In prices Local traders insist that the recent wheat conference which organ# ed the council was responsible for lower prices by advertising a wheat suylus. Farmers are advised to sell old oats which' test over the regular limit. Premiums on these stocks are now 3c, to *c over July. Reports from Ohio indicate wheat Is now being fed instead of corn and the local, trade Is favorable toward this practice which will be extended unless there is a widening of price between the two grains. Raw Sugar Market Bu United Financial NEW YORK, July 18.—Raw sugar opened lower. July. 5.00®5.20c: September, 5.01® 5.08 c: December. 4.4364.44 c; March. 3.45® 348 c: My. 365 c. * * Cloverseed Market ClO'erased wa* quoted at 87 *4l/ 1 a bu. in Indianapolis! Picnic Saturday The first annual outing and picnic of the Indianapolis Drop Forging Company will be held Saturday at Columbia Park. Games and contests will be the features of the afternoon, and dancing in the evening. . ,

$ '1:48 Prev High Los a. m. close. Anaconda ..41% 40% 40% 40% Kennecott. ... 34 % 33 % 34 33 % Ltah Copper 60% 58% 60% 58% Oils— Cal. Petrol... 22% . ... 22% 22 Cosden 39 % :38 V* 39 39 Marland Oil.. 39% 38% 39 .38% Pan-Am. P.. 63% 63 63% 03 PA. P. (B) 60 59% 00 59 Phillip Pete. 20 .... 25% 2 26 Pro. A Ref. 36% 35 35Vi * 35% Pure Oil ... 19 . . 18% 19% Royal Dutch 47% . ... 47% 48% S OH of Cal. 51% 51V* 51% 51% S. Oil of N. J. 33% 33% 38% 33% Sinclair .... 24% 24 24% 24 Texas C 0... 43% | 42% 42Vi 42% Industrials— Am. Can 89 7 , 89 89 89 Am. Woolen 85 84% 84% 84 Coca Cola. 77% 77 Vi V? 7 % 77% Cont. Can... 45% 44% 45 45% Fam. Players 72% .... 72 72 Gen. Asphalt 28 ... 28 27% Inter. Harv.. 76 75 76 76% May Stores. 78% . . 78% 78 Nat Enamel 57% 57 57% ... Sears-Roe.. . 71 Vi 71 % 71 % 70 Vi U 8 Ind Alco 47% 47% 47% 47% Am T and T. 122% ... 122% 122% Oonsol Gas. .01 60% 60% 60 Col Gas 34 33% 34 33% Shipping—*ti Gulf 14 12% 12% 11% Int M M pfd 23%' 23% 23 % , 23% Foods— Amer Sugar. . 63 % 62 % 83 % 62 % Am Beet Sug. 32 ... 32 ... Com Prod ...121 120% 120% 20% Cu Cn Su pfd 42-% 42% 42% 42% Cl-Am Sug. . 27 ... 27 27 % Pjmta Alegre 51% 51% 51% 50% Tobaccos— # Am Tob Cos .144% 144% 144% 1411% Tob Prod ..81% 81 81 80%

HEALTHY TONE DISPLAYED BY LEADING CURB ISSUES / Petroleum Stoeks' Show Steady Progress—Gillette Advances. By United Financial NEW YORK, July 18.—The healthy tone of the curb market made x itnelf even more noticeable in the trading today with the general.list manifesting a slow, but steAdy improvement. There were np features of moment and in the afternoon trading wa% at a slow scale with fragmentary changes. There was a steady progress In the petroleum stocks where gains of a half to a full point were registered. The bulge was not confined to any particular class, higher priced Standard Oils, domestic shares and the South sharing equally In the demand. Standard of Indiana flirted all day with the 55 mark, but failed to reach It. Heading coal ‘:when issued" stock recorded a sale for the first time since the listing early this week at 39. Durant Motors continued to hold firm fractionally under its new high cf 60 while Gillette picked up again to 248. Indianapolis Stocks —Jluy 18— Bid ABk. , Am Cent Life 200 ... ' Am Creosotiii* Cos pfd 97 ... Beit R R com 66 % 70 Belt R R pfd 53 Vs .. . Cent Bldg Cos pfd 98 ... Cities Serv com 133% 130% Cities Serv pfd - 64 00 Cit Gas Cos com 26% 28% Cit Gas Cos pfd , 99% 101 % Ind Hotel com 100 ... Ind Hotel pfd 100 Ind Nat Life . 6 ... Ind Pipe Line Cos 97 99% Ind Title Guar Cos 70 80 Indpls Ab pfd 50 Indpls Gaa 48 % 52 % Indpls A Northwestern pfd.. .. 55 Indpls A Southeastern pfd. . . . ... Indpls St H R 02 65 Indpls Tel com 1 ... Indpls Tel pfd 90 ... Mer Pub Util Cos pfd 83 ... Nat Mot Cos 2% Pub 6av Inc Cos 12 , . . Rauh Fer pfd 49 ... Standard Oil of Ind 53% ... Sterling Fire Ins Cos 8 8% T H I A E com 3 6 T H I A E pfd 13 19 T H Tr A Lt Cos pfd 93 97% Union Trac of Ind com 2 5 Union Trac of Ind Ist pfd.. 20 30 Union Trac of Ind 2d pfd. ... 6% 9 Van Camp Prod let pfd 100 Van Camp Prod 2d pfd 100 Van Coal Cos com 8 4% Van Cogl Cos pfd. 11 15 Wabash Ry Cos com 8% 10 Wabash Ry Cos pfd 27 29 Bonds Belt R 8 Y 4 May. 30 SO Broad Ripple 6s 00% 69% Cit Gas 5a 80 88 Cit Gaa 7s 100 Cit St R R 6s 83% 80 Ind Coke and Gas 8s 90 94 Ind Hotel 5a 90 ... Ind Hotel Cos 2nd 8s 99% Ina North 6s 40 . . Ind Ry and Lt 5a 89 % 94 Ind Union Trac 5s 40 Indpls Ab Cos 7%s 100 Indpls Col A Cos 65.., 90 100 Indpls Gaa 5s 651* 87% Indpls Lt A Ht 5s 94 05% Indpls A Mart 5s 68% 83% Indpls North 5s 51V* 55 Indpls A Northwestern 55.. . . 51 % 65 Indpls A S E 5s 40 Ind Shelby A S, E 5s 52 Indpls St Ry 4s 64 00 % Indpls Trac A Term os 85 88 Indpls Union Ry 6s 94 ... Indpls Union Ry 4% s 83 % ... Indpls Water 5s 90 >4 ... Indpls Water 4%s 8n % 88 Indpls Water £>% 93 95% South Ind Power 8s 101 . . . T H I A E 5s 70 73 Union Trac of Ind 6s 68 70

Produce Markets

INDIANAPOLIS July 18.—Fresh eggs. 19c packing stock butter. 26c: springs, 1 H to 2 lbs., 33c; fowls straight. 18c; under 4 lbs.. 15c; leghorns. 26 per cent discount; corks, 9c: young tom turks. 23c: old tom turks. 18c: ducks, 5 lbs. up. 12c: geese, 10 lbs. up, 10c; squabs. 11 lbs. to doz.. 83Indianapolis creameries are paying 37c a lb. for butter fat. CHICAGO, July 18.—Butter—Receipts, 12,494: creamery extra. 37c: standards, 37c: firsts. 34® 35c: seconds. 33@33He. Eggs —Receipts. 17,413; ordinary firsts, 20%®; 21c, firsts, 22 %c. Cheese—Twins, 22 %o: young Americans, 23 % c Poultry—Receipts, none: fowls, 18 @ 22 14 o; ducks, 18® 23c: geese. 14@21o; turkeys, 20c: roosters, 13c; broilers. 28® 30c. Potatoes—Receipts. 38 cars Quotations: Sacked Kansas and Missouri Irish cobblers. 82.25: some heated. $2; early Ohios, 81.85 @1.90; partly graded. 81.7 ft; poor. 81-50: barrel car lots Virginia Irish cobblers mostly around $5.75. NEW YORK. July 18.—Flour—Steady and more active. Pork—Firmer; mess, 827® 27.50. Lard—Firmer: Middle West spot. 811.4ft© 11.65. Sugar—Raw easier; centrifugal. 96 test. 7.03 c; refined steady; granulated 8.75® 9c. Coffee—*-Bio No. 7 on spot, 11c: Santos, 1244®1314c. Tallow —Inactive; special. 6% ®6Hc: city, 5?40. Dressed poultry—Quiet: turkeys, 25®42c; chickens. 20®48c: fowls, 13®80c; ducks. 2ftc, Long Island. Live poultry—Quiet: geese. 16c: ducks 14® 21c; fowls. 22® 27c; turkeys, 20c: roosters, 15c; broilers. 27®43c. Cheese —Steady: State whole milk, common to specials 20 @26 14 c: State skims, common to specials. 8@17%c. Butter —Firm; receipts, 21,689; creamery extra, 38 %e: special market, 39 ig 3914. e; State dairy tubs, 34>i@38c. Eggs—Quiet: receipts. 32.152; nearby whites, fancy. 40® 45c: nearby State whites, 26® 43c; frfcsh firsts to extras, 24®32c: Pacific coast, 31 @4oc: western white .26®43c; nearby browns, 33® 41c. Danish butter—39V4@3o 94c. Argentina—B6 % @ 36 14 c. CLEVELAND. July 18.—Butter—Extra in tubs. 41 @ 43c: prints. 42 ® 44c; firsts, 39® 41c; packing stock. 30@32c. Eggs—Fresh gathered northern extras. 30c: Ohio firsts. Zsc; western firsts, new cases, 24c. Poultry —Heavy fowls, 25®27c: lights fowls, 19® 22c; cocks. 15® 16c; broilers, 40c: ducks, spring. 28® 30c. Potatoes—Virginia Cobblers. 86.50 ®6.75 per brl: lower grades. 84.50® 5. V Dressed Beef Prices Wholesale selling prices on dressed beef. Swift & Cos.: Ribs—No. 2. 20c: No. 8 16c. Loins—No. 2. 30c: No. 3.' 16c. Rounds— No 2. 22c: No. 3.18 c. Chuekß—No. 2. 10c; No. 3. Be. Plate|— No. 2,6 c: No.. 4e. Local Wagon Wlieat ; Lo res mili are paying 9<io for new No. 2 red whAat *

THE INDIANAPOLIS TIMES

BIG RUN CAUSES HOGSJODECLINE Prices Drop Generally 15 to ‘25 Cents Locally, Hog Prices Day by Day July 250-30 Q lb*. 200-225 lbs 150-180 lbs 12 7.P5 7.90® 7.95 8.00 13! 7.60® 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® 7.60 7.60® 7.80 7.85® 7.00 17'. 7.25® 7.50 7.00® 8.10 B.lo® 8.25 18. 7.25® 7.50 7.75® 7.90 7.90® 8.00 Hog prices dropped 15 to 25 cents in trading at the local stockyards today, due to unusually heavy receipts of 16,QOO and a slackened shipping demand caused b yheavy receipts at other markets. The top price paid for choice selected lights was SB, which was generally a dime to 15 cents lower than on Tuesday, while mixed grades sold around- $7.75 or generally 15 to 25 cents lower and extremely heavy hogs $7.25 to *7.50 which was generally steady. The bulk of sales was made between $7.60 and SB. Sows reflected the decrease In the general market, dropping a quarter, but pigs held fairly steady due to demand. • A weak feeling prevailed in the cattle market and' prices were off again, except for strictly prime cattle selling above $lO. The medium grades moved under difficulty and prices representing slight losses. Receipts 700. The calf rftarket was quotably steady to strong as more calves brought the top of $11.50 than on Tuesday. The bulk sold between $10.60 and sll. Receipts 800. A loss of a half dollar was noted in prices for lambs, the top for choice springers having dropped to $13.60, while sheep sold steady at $6 down. Receipts 600. —Hog.— 150 to 200 lbs $ 7.90® 8 00 Medium 7-76® 7.90 Heavy 7.25® 7.60 Top 8 00 pw e 7.00® 7.50 Packing sow 9 6.00® 6.50 —C attic— Few choice steers slo.oo® 11.00 Prime corn-fed steers. 1.000 to _ 1,300 lbs 9.00® 9.50 Good to choice steers 1,000 to 1.100 lbs 8.50® 0.00 Good to choice steers. 1.000 to _ _ 1.200 ibs 7.50® 8.00 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 $ 3.50® 10.00 Good light heifers 7 00® 8.76 Medium heifers o.oo® 7.25 Common heifers 5.00® 0-95 Fair cows 4 00® 5.00 Cutters 2.75® 328 Canners 2.20® 2.50 —Bulls Fancy butcher bulls .... $ 5.50® 6.00 Good/to choice butcher bulls 5.00® 5.60 Bologna bulls 3.75® 4.50 —Calvrw— Choice veals $lO 00®}'50 Good seals o.oo® 10.00 Medium veals .* B.oO® 9.00 Lightweight veals 7.60® 8.00 Heavyweight vesls 7.00® .7 50 Common heavies 6.00® 7 00 Top 11.50 * —Bheep and Lambs— Culls $2.25® 3.25 Good to choice ewes 3.00® 0.00 Few choice lamb* 13.00@1350 Heavy lamb* 11.00® 13 00 Cull iambs B.oo® 10.00

Other Livestock - By United FinaneM CHICAGO. July 18—Hogs—Receipt* 31.000; market 45®26c lower: top. $7 90: bulk. 50.40® 7 65: heavyweight. $6.05® 7.65: medium, [email protected]; light. 58.907.90 light lights. 50.60 @ 7.70; heavy packing sows, smooth. 56® 6.50; packing sows, rough 55 75®0: killing pigs. [email protected]. Cattle—Receipts, 10,000: market very slow killing classes weak to 25c lower: choice heavy steers; fat cows and heifers steady to weak; plain yearling-, and in-between grades fat cows showing declines; top matured steers 511 40: other classes generally (Steady: bulk vealers. 510® 10 50. Sheep Receipts. 13.000;- glow: fat lambs uneven. 26-60 c lower: spots more; top natives. 514: no westerns sold; sheep generally steady; few handy weight. 56 25; off bunches of heavies mostly 53.75. BAST ST LOUIS. July 18.—Cattle—Receipts. 3 600; market slow; cows. 54 50® 5.60: eannerk and cutters. 52.75® 3.50: calves. $9.75 Hogs—Receipts. 14.000: market slow, 15®3flc lower: heavy. 57.10® 7.50: medium. 57.35®7.70; lights. 57.35® 7 80: light lirhtg. 50.50® 7.75; packing sows. 55.75@0; pige. 56 [email protected]; bulk. [email protected]. Sheep—Receipts. 4.000: market steady; ewes. 53®0; canners and cut ters. sl@3; wool lamps. sl2® 13.75 CLEVELAND. July 18—Hogs—Receipt*. 4.000: market, 15c lower yorkers. *8.35; mixed. 58.35; medium. $835; pigs. $7.50: roughs. $5.60: Btags. S4OO. Cattle—Receipt*. 350: market, slow and unchanged. Sheep and lambs —Receipts. 1.000: market, steady; top. sl3. Calves—Receipts, 600: market. 50c lower: top, $13.60. EAST BUFF ATX). July 18.—Cattle—Receipt*. 200: market dull. 36c lower: shipping steers. slo® 11; butcher grade*. sß® 9; cows. $2 @6.75. Calves—Receipts, 50; market. active, steady; trull to choice, s4@ 12.50 Sheep and lambe—Receipts. 200: market, active, steady; choice lambs. $14@15; cull to choice. 58 @13.50; yearlings. $7 @11.50; sheep, S3 ® BISO. Hoge—Receipts. 4,800: market, slow. 'steady, lower; yorkers. $7.75® 8.60; pi gw $7.60 @7.76: mixed. $8.30® 8.50; heavies. [email protected]; roughs, $5.50@0: stags. 54.60®5. CINCINNATI. July 18.—Cattle—Receipt*. 1,000; market glow steady; *hippers. s9@ 10 Calves —Market. *low steady to 50c lower; extras. slo® 10.50. Hogs—Receipt*. 4,800; market, slow to 15c lower; good or choice packers, $7.85. Sheep—Receipts, 4,000: market, strong; extras. $4 @O. Lambs —Market, steady; fair to good. [email protected]. ~ PITTSBURGH. July 18.—Cattle—Receipts light, market steady: choice, $10.30® 11: good. $9.50® 10:25; fair. $7 @8.50; veal calves-, sl2l @l3 Sheep and lamba—Receipts llgfn. market slow: prime wethers, $7.25® 7.50; good. 56-50® 7; fair mixed, 55® 0: lambs, s7® 14.50. Hogs—Receipts, 15,000: market steady: prime heavy. $7.86 @8: mediums. [email protected]; heavy yorkers, $8.60® 8.65; light yorkers, $8.25® 865: pigs. $7.75® 8: roughs. 95 @6; stags, 53 @3.50. KANSAS CTTY. July 18.—Cattle—Receipts, 9.000; slow; no beef steers sold early 1 ; bids weak to low few early sales: better grade she stock about steady: odd head cows, [email protected]; bulls fully steady: four loads at *4.85; canners and cutters about steady; other kinds dull. Hogs— Receipts. 14,000: practically nothing doing; few lights early to traders, $7.26, or 10c to )5o lower: shippers and pnokers talking 250 lower on butchers; packing sows 15c to 250 lower: mostly $6. Sheep—Receipts. 6,000; sheep generally 25c lower; Texas wethers. $0.50® 7.35: lambs 250 to 50c lower; early top natives and Idahos. $13.60. BOBBY LEE ARRESTED Local Boxer (harmed With Assault and Battery. Bobby Lee, 21, local boxer, living; at the Grant Apartments, Eleventh St. and Collage Ave., was arrested Tuesday night on a warrant filed by E. S. Conner, 1126 Central Ave. He is charged with assault and battery and failure to stop after %n accident that Is said to have occurred on July 16. RADIO CALLS RECRUITS * Indiana Falls Short of Quota at ptizens Military Camp. A l n appeal for applicants to the Citizens Military at Camp Knox will be Broadcast from the wireless station at Ft. Benjamin Harrison tonight at 7:30. by the signal officer. Only twenty-six counties, have furnished their quota of applicants. Out of an assigned quota of 1,049, Indiana has furnished 717 so far. Marion County, with a quota of 126, has offered to send 92.

ATTORNEY SCORES HER COMPANY (Contirfued From Page 1) prosperity pf the company were recited. ‘‘The earnings always have been excessive," Groninger said. ‘‘The return on the common stock shows a gradual Increase. '* Lawyers Object Groninger was interrupted repeatedly by water company lawyers, who declared he was testifying instead of arguing. “The company never had a return of less thats 6.0 per cent,” Groninger ! He added that in most years tne return was higher. Noon recess interrupted Groninger’s argument.. Chamber Files Objections r At the opening of tfie hearing William A. Pickens, attorney for the Chamber of Commerce, filed objections to the company’s petition. The objections were in four parts: I. Objections to Increase in valuation. I 2. Objections to rate increases. 3. Demand for reduction of valuation. 4. Demand for reduction in rates.. J. Stephen Fuller, an attorney, acting for himself, filed a petition asking that Commissioner Edgar M. Blessing be prevented from participation In the caAe or voting on the decision. The commission made no comment *>n the petition. The city opened its case with the filing of a list of objections. In this it was supported by William A. Pickens, attorney for the Chamber of Commerce E. O. Snethen, Sumner Clancy, and Clarence F> Weir, attorneys for civic organizations and John F. Geckler, attorney for labor unions. Pickens was prepared to file a cross petition for reduced rates. Raise Held Sufficient Here are the city's objections: 1. The present rates produce sufficient to pay all operating expenses, Including taxes and depreciation and to preside a reasonable rate of return on the fair value of the property and leave a surplus. 2. The company has never had a "lean year” since its incorporation in 1881. 3. There is no element of emergency connected with the water situation. 4. Any charge for water service above the present rates would be unjust and unreasonable and would im pose an unwarranted burden on the city and the citizens of Indianapolis. 5. The total value of the property as found by the commission in a recent* order is at least $6, 000.000 too high. (The commission valued the property at $16,000,000.) 6. The commission's method of appraisal of (he property is erroneous. Citizens Termed Defendants "Civic clubs have sent representatives here not for the purpose of waving a red flag and crying ‘down with the commission’ or ‘down with the water company.’ but have ccme here as defendants in the case, and by their presence wish to show that they are Interested in the Judgment to be rendered,” E. O. Snethen, attorney for the Federation of Civic Clubs, said In his opening statement. He quoted figures on valuation similar to those given by Groninger. "We propose to show that the water company doe* not have a good title to the canal; that If they would attempt to sell the same nobody would buy it because they could not furnish a good title to lt, and therefore a valuation of $2,400,000 which they have placed upon lt should be deducted from their total valuation," Snethen said. Improvements Necessary In his opening statement for the company. W. A. Mclnerny. attorney, stressed the necessity for improvements. *► "If the city sees fit to make it impossible for private owners to make necessary improvements. the city should take over the property and make the improvements Itself," he said. Mclnerny declared it will be shown present rates are not sufficient to provide a reasonable return on a fair valuation of the property. He declared improvements are necessary to provide for fire protection and to safeguard the public health. "In making these improvements the company must spend in excess of $2,000,000 which will not increase its revenues," he continued. Refers to Higher Taxes Mclnerny referred to increased taxes as a cause for asking increased rates. He declared that “from the attitude of assessing officers" the taxing valuation will he Increased $3,000,000, costing $75,000 a year. Os the total expense of the com-

LIBERTY BONDS "•; SELL 415 LRMCKE BUILDING | 10UU

' GOOD GOODS (apital Gtij feint 100 PER. CENT W PURE gives perfed surface protedion. It meets J \ the test of economy and durability. /IV We “k y our consideration of Capital f k V\ City Paint on the basis of high quality | ioo per cent pure paint — coupled } | with the lowest possible price. I || There is a dealer in your vicinuy—s| l Ar | j will pay you to see him. Paint Color Company

pany $4,000,000 eould be eliminated if it were not for fire protection, he ] declared. He insisted Hie present de-1 predation reserve of $90,000 is not sufficient and that it must be increased to at least $160,000. He said it will be necessary for the company to have $350,000 additional ajinual revenue. He insisted that no effort had been made by the company to issue new securities on the basis of the recent $16,000,000 valuation. In answer to a question from Pickens, Mclnerny said the company Is not including In its valuation any proposed improvements except about $400,000 worth now under wky. "We are not endeavoring to procure rates with which to get capital to ! make improvements,” he declared. “We are trying to put the company in a healthy condition.” Marriage Licenses Willis E. Doan. 48. Plainfield; Ida A. Slack, 47. 1128 Bellefontaine St Hugh R Weaver, 21, 13Z6 Kappes St.: Nettie Goodpasture, 19, 830 8. Pershing William W Rich. 25. 4314 Central Ave.; Margaret Crowley, 29, 2254 N. Delaware St. • Births . Girl* Plate and Pearl Hedrick. 2049 Burton Marion and Catherine Mareane, 2501 N. Harding. Fred and Eva Eastwood, 3436 W. Michigan . Charles and Grace Marsh, 3122 Jackson George and Emma Kraft, 1532 Kennington. Walter and Juanita Turner, 17 Schiller. Theodore and Mildred Carter. 1230 Cameron. Jamee and Ola Minor, 2022 Tipton. Raymond and Geneva Martin, 2110 Morton. Clyde and Mabel King, 2326 La Salle Jude and Dora Stonehouse, 424 Ketcham. Louis and Beatrice Wright. 1006 W. Maryland. , Orville and Hattie Higgins. 730% 8. Illinois Tony and Mary Floreancey. 1034 N. Holmes. Harry and Hilda Daupcrt. 1032 Goodlet. Harvey and Goldie McNeely, 402 Division. John and Ruth Edwards. 948 N. Sheffield. Henry and Margaret Rose. 061 Coffey. Thomßß and Helen William*. 1648 Arrow. John and Margaret Dugan. Long Hospital. Russell and Edna Rhodes. Long Hospital. Alfred and Amelia Backmeyer. 146 E Raymond. Nathan and Virginia Denman, 1317 Shepard. Boys Harry and Qlenna Griffin. 3430 Garden. Millard and Elsie Will*. 1448 McLain Charle* and Carolyn Bradley. Methodist Hospital. Roy and Adelia Wright, 510 Douglas. George and Lola Martin, 129 3. Wett. Harvey and Hazel McKinney, 038 Virginia. Silas and Harriet Adam*. 1450 Oliver. Henry and Pearl Covington, 310 W North. William and Sophia Schroeder, 2640 Brill. Rollie and Germaine Rawlings. Long Hospital. William adn Fartha Springer, 4064 E. Sixteenth. Chester and Eliaabeth Fisher. 1002 N. Illinois. Robert and Clarice Murray. Long Hospital. John adn Nonna Peterson, 1171 N. Bellview. Rlly and Nina Stephenson. 2110 Dexter Deaths James D Murphy. 60. 330 Lincoln, cerebral hemorrhage. Charles M Sueaz, 91, 1010 Parker, cardnoma. Simon W Gulley. 56. City Hospital, hypostatic pneumonia. Frank T<pp. 56. City Hospital, lobar pneumonia Mary Ann Feseler 76. 5346 Winthrop. mitral insufficiency. Frank F*neding 76. 3033 N Dllnola, arteriosclerosis. Robert Schmal*. 75. 315 Prospect, acute Bright'* disease Building Permits A. W Helnlein. garage. 1058 Holmes, 5200. Noah A. Clear, addition. 3117 Linden, $635. Edward E. Stevens, dwelling, 1531 Her•chell, 52.910. Floyd Sachs, dwelling. 33*7 Orchard. 51 400 G R Fife, dwelling. 64& Egeter, 51.600. Brown A Dunlap, dwelling. 655 Prospect. 53.500 Charles Burk, furnace, 617 Fletcher. $206 C. C. Gaiitsin. garage. 2433 Brook aide. 5260 T. L. Coan. dwelling, 3784 E. Walnut. 52.960. T C. Dlederieh, addition. 2380 Parker, 5300. Susan Howell, addition. 1840 N. Penn ■yivania, S4OO. N. A Fullsnwider. garage, 2716 N Gale. S3OO. Republic Refining Company. station. Michigan and Delaware. 53,000. Albert Cohee. repair*. 813 N. Temple. SBSO. W. J. Greillch, garage, 1121 North BeviUe. S4OO. H. L Lidermann, reroof. 418 N. Walcott. 5204. Paul N. Hall, reroof, 343 Northern S3OO. C. Bauer, garage, 1028 S. East. $360 Jamee Cooper, dwelling. 1021 LeGrande. SI.BOO George D. Springer, reroof. 402 N. Keystone. S2OO. Mary A Young, furnace. 1830 N. Olney, 5335. Jose-Balz Realty Company, garage. 541 E. Thirty-Sixth, $250. Robert E. Master*, addition. 310 8 State, S2OO J. W. Arvtn, garage. 757 N. Bancroft. $235. John Killien, dwelling. 26 Parkview. $6,500. NURSE’S RITES THURSDAY Miss Carrie Zoinzzi Dios at St, Vinrent's Hospital. Funeral services of Miss Carrie G. Zolezzi, 68, trained nurse, who died -Tuesday at St. Vincent’s Hospital, will be held at 8 a. m. Thursday at St, John’s Church. Burial will be in Hojy Cross cemetery. • Miss Zolezzi was born in St. Mary-of-the-Woods, Ind. She lived for many years in Terre Haute, nld. Surviving are two brothers, George A Zolezzi of Mobile, Ala., and Joseph A. Zolezzi of Anthony, Kan., and a nephew, Norman A. Zolezzi, of Indi anapolls.

THEW>?IiBLOCKC2

THE BASEMENT STORE

Thursday , Extraordinary Sale! Gingham Dresses Hundreds and Extra Every Dress Made jf® of Standard Fast Such as Puritan , \^j Security Brands 1 A 14 35 Styles to Choose From You simply can’t afford to miss this sale. Come prepared to buy several. Opportunities to buy such wonderful values come rarely. Thousands to choose from — dresses cut amply full—plenty of regular and extra sizes. Fast color ginghams —a variety; #o f fresh, smart, youthful styles, dresses • daintily trimmed, carefully Dresses suitable for a1 1 general wear home, street, pi cPlenty of, j Attractive Checks in—- " Black & White, Helio, Red, EXTRASrzSpfq 6-SI Blue and Many Other \y Combinations

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