Indianapolis Times, Volume 35, Number 61, Indianapolis, Marion County, 23 July 1923 — Page 11

MONDAY. JULY 23, 1923

EARLY DULLNESS •IS OVERCOME BY ACTIVE BUYING Opening Reaction Yields When Orders Pour Into Exchange Houses. NEW HIGHS ARE REACHED Rail Group Most Active, Baltimore & Ohio Reaching New High Ground, The WALL STREET JOURNAL NEW YORK, July 23.—Opening prices on the stock exchange today showed but fractional changes from Saturday’s close with advances and declines about evenly divided. Rails were the most active with Baltimore & Ohio leading the group. More confidence is seen in the dealings but this does not mean that the public is in the speculative game on a big scale, for it is not. Wall Street is of the opinion that liquidation is over, speak- • generally. First Hour The market turned dull in the first hour on realizing sales, an expected event, as this has been usual in a number of recent sessions when profit-taking or short selling appeared. Oils reflected the reactionary tendency of some of the independent Issues, notably Phillips Petroleum ■s’hich dropped to anew low while the Pan Americans were both off 1%, and Maryland 1%. Rails appeared to have good support while Steel was Inactive, selling slightly under 92. Second Hour A buying movement in American Locomotive common around 11 caused it to advance sharply to above 70. less than one point under Its best previous price for the year. On the rally Studehaker came within p. fraction of 107, while New' York Central In the rail group sold above par. Baltimore & Ohio rearched new high ground and Baldwin rallied more than a point to 123. The activity on the side of rising prices showed no evidence of slackening around noon. Noon Hour .. Bullish predictions marketwise on 'American Can common showed signs oi being confirmed when demand for this issue grew stronger in the noon trading. The street Is looking for the recapitalization plan to be consummated, resulting in a larger cash dividened. Motors were stronger, led by Studebaker which sold at 107% Friday. Mac* Truck followed a two-point advance In Chand■ler and Pierce Arrow issues were ■trong. Rails also were strong. Fourth Hour Flror traders in the afternoon dealings took advantage of the quiet market to attempt to demoralize the list ,by means of putting the Hill roads down, Great Northern being off more Ah an two points to around 63 and Northern Pacific about the same •mount to 64%. Foreign exchanges A*loped strength and call money fl&newed at 4% per cent, later getting down to 4% per cent. The public utility group was represented by firmness in Columbia Gas. Closing Hour Oils acted better in the later trading but mixed financial and economic trends prevented a very substantial recovery In most of the leading issues. Wheat was off fractionally, gasoline prices were reduced, lead was advanced quarter cent a pound while copper was quiet and firm. Bate firmness in the oil group was attributed to covering operations of speculators recently short these issues. Local Bank Clearings Indianapolis bank clearings Monday were $3,094,000; bank debts were $5,378,000. New York Money Market NEW YORK. July 23.—Commercial paper; quiet and unchanged, prime names 5 per cent: other good names. 6 % per cent. Jlulk of business moves at 5 per cent. Time money, quiet: brokers bidding 5 per cent: banks asking 3 % per cent on all Qg’iturities. Loans arranged at 514 per

Produce Markets

INDIANAPOLIS. July 23.—Fresh eggs. . 10c: packing stock butter, 25c: springs. 1% to 2 lbs.. 33c: fowls, straight. 18c; fowls, under 4 lbs.. 15c: leghorns. 25 per cent discount; cocks, fig; young tom turks. 23c: old tom iturks. 18c: ducks. 5 lbs.. 12c: geese. 10 lbs. up. 10c: squabs. 11 lbs to _3os. 55. Indianapolis creameries are paying 37c a lb. for butter fat. • * CHICAGO. July 23.—Butter—Receipts, "16,020: creamery extra, 38%<?: standards. 3614 @37He: firsts 35®36e; seconds. 34 #34He. Eggs-—Receipts, 18.568; ordinary -firsts. 21@21He: firsts. 22H@23Hc. Clteese —Twins, 22 He: young Americas. 23 Ha Poultry—Receipts, 7 cars: fowls, l-7@2lc: ducks, 20® 23c: geese. 14621 c: turkeys. 20o: roosters. 14c: broilers. 28® 38a Potatces—Receipts, 103 cars. Quota- ‘ lions: Kansas cobblers. $1.25 61.50; Virginia cobblers. $4.50. NEW TCDK. July 23.—Flour, quiet and steady. Pork—Dull. Mess—s2s ® 25.60. Lard—Firmer: middle west spot. 511.45<g 1J..55. Sugar—Raw. steady: centrifugal. 96 last. 6.91 c; refined, quiet: granulated. 835 69c. Coffee—Rio No. 7 on spot, lie; Santos. 12*4 @l3 He. Tallow—Quiet: special. 6H@*%c: city. s*ic. Hay—Dull: Ho. 1, $14.50: No. 3. sll @12.50. Dressed poultry, quiet: turkeys. 26@42c; chickens. 26 @ 46c: fowls, 13629 c: ducks. Long Island, 25c. Live poultry—Steady: geese. 15c: ducks. 14@ 26c: fowls. 18 @2sc: tur"■Srsys. 20c: roosters, 15c; broilers. 18® 40c: Cheese, firmer: state whole milk, common to -specials. 20 @26 He: state, skims, common to specials. 8 @l7 He. Buter—Firm: receipts. 2.733: creamery extra. 39c: special -market, 39 H @ 40c; state daisy tubs. 84 H 688 Ho: Spanish. 89H@40c: Argentine. 85H@88Hc. Eggs—Steady; receipts. 6.118. nearby whites, fancy. 40@ 45c; nearby state whites, 26 @ 43c; fresh firsts to extras. 23 H 632 c; Pacific coast. 29H@37c: western -white, 26@48c: nearby browns, 33@41c. CLEVELAND. July 23.—Butter—Extra in Mlbs. 41 H@42 Hc: prints. 42 H@ 44 He: rsts. 30@41 He: packing stock. 30@32c. ggs—Freeh gathered northern extras. 30c: Ohio firsts 25He; western firsts, new cases. 24c Poultry—Heavy fowls. 24® 25c: light fowls. 18 @ 20c: cocks. 15® 16c: broilers. 35 638 c: ducks, spring. 27® 28c. Potatoes— Virginia cobblers. 55.50®5.75 a barrel: 53.60®3.75 per 150 pounds. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift & Cos.: Ribs—No. 2. 20c: No. 8. 16c. Loins— No. 2. 30c- No. 3.16 c. Rounds— Ho 2. 23: No. 8. 810. Chucks—No. 2. Or So 3. Bc. Plats—Ho. 2. sc; Ho.

New York Stocks (By Thomson A McKinnon)

Railroads— 1:45 Prey. High. Low. p. m. close. Atchison 99 4* 99% 9914 100 B. & 0 50% 49 44 50% 60 C. & N.W.Ry. 71 70% C„ R. I. & P. 26% 26 26% 26% Gt. North ptd 64% 64 64% 65% Lehigh Valley 61% 61% 61% 61% N.Y. Central. 100% 99% 100% 100% No. Pacific. . 66% 65% 65% 66% Pennsylvania. 44 44 43% Reading ... 76 % 75 % 76 % 75 % So. Pacific.. . 87 % 87 % 87 % St. Paul pfd. 34% 34% 34% 34% U. Padfle. . .132% 132 132% Wabash pfd.. 28% 28% 28% 28% Rubbers— Kelly-Bpg. . . 35% 35% 35% 35% Equipments— Am. C. & Fd 159 Amer Loco,. 70% 68% 70% 69% Bald. Loco.. 123% 121% 123% 122% Lima Loco. . 64 % 64 64 % 64 Pullman 119 117% 118% 117 West. Elec... 57 56% 57 56% Steels— Bethlehem . . 49 % 48 % 49 % 48 % Crucible 67 .... 67 6% Gulf States . 74% 73 %1 74% 74% Iron A S.. 46% 45 V* 45% 45% U. 8. Steel.. 92% 91% 92% 92% Motors— Am. B. Mag. 34% 33% 34% 35% Chandler M.. 52% 51% 52% 61% Gen. Motors. 14% 13% 14 13% Max. M. (A) 42% 42% 42% Max Mot 8.. 13% ... 13% 13% Studebaker .107% 105% 107% 107 Stew-Warner . . 4 92% 94 93% Timken .... 38 % ... 38 % 38 % Oils— Cal Petrol . . 32 % 22 % 22 % 22 % Cosden 39% 38% 39% 39% Marland 38% 37% 38 38%

PRICES FOR GRAIN CLOSEIRREGULAR Wheat Declines When Early Buyers Leave Market, By United Financial CHICAGO, July 23. —Grain prices closed irregular on the Chicago board today. After an advance induced by a good class of buying by shorts, wheat prices suffered a set-back When the buyers left the market. Most of the trading during the late hours of the session was without feature. The report on the visible supplies, showing a marked increase, had a detrimental effect on trading. Corn prices, with the exception of July, declined. Good buying by shorts for deliveries strengthened July, while the deferred months were under a depression caused by repoits that shipments for the next few months would increase. Oats were flower. There were''no features. Provisions closed lower. Trading was light. Chicago Grain Table —July 23 s WHEAT— Prev. Open. High. Low. Close, c lose. July .100% 1.00% .99% 99% 1.00% Sept. . .98 % .99% .98% .98% .99% Deo .1.02 1.02% 1.01% 1.01% 1.02% CORN— July . .85% .86% .95 .86 .84% Sept. . .77 .77% .76% .76% .77 Dec 65 05% .04% .64% .65% OATS— July . .41% .41% .40% .40% .41% Sept. . .35% 37% .35 .35% .35% Dec. . .37% .37% .36% .37 .38% LARD — July 11.02 11.05 10.95 10.95 11.00 , Sent 11.20 11.22 11.06 11.06 11.15 RIBS— t •'•^l •July 8.62 8.72 Sept.. 8.80 8.80 8.77 8.77 8.87 RYE— Julv . .64% .04% .63% .63% .64% Sept . .66 .66% .65% .65% .66% •Nominal. CHICAGO. July 23.—Primary receipts— Wheat. 2.573,000 bushels against 3,489 000 bushels. Corn. 1.205,000. against 1.051.000. Oats—69o,ooo bushels, against 1.111.000. Shipments—Wheat 928 000 bushels against 986.000 bushels Com. 690.000 bushels, against 1.847.000 bushels. Oats. 537.000 bushels, against 1.063.000 bushels. CHICAGO. July 23.—Car lot receipts: Wheat. 271; com. 184; oats. 92: rye. 9; barley, 18. CHICAGO. July 23.—Wheat —No 2 red. $1.00% 0 1.02: No. 3. 99%[email protected]%: No. 2 hard 81.00% @ 1.01 % : No. 3, SIOO%. Com—No. 1 yellow. No. 2. 89@89%c: No. 4, 88%c: No. 6. 87 %c: No. 1 mixed. 87%@88e: No. 2. 87@88c: No. 3, 86% S 87c; No. 1 white. 88 % 0 88 %c; No. 2. 88@88%c: No. 6. 86%c. Oats—No. 3 white. 41@44%c: No. 4. 41 ®44%c. Barley— 644j6so. Rye—No. 2. 65%c. Timothy—ss.soo6.so. Clover—[email protected].

Grain Briefs

CHICAGO. July 23.—The depressing wheat situation can bo relieved only by greatly increased speculative demand and seriosu crop damage. Large Texas feeders are buying wheat instead -of other grains for feeding purposes because of its relative cheapness. Although urgent oats harvesting is now in progress, shipments to market this year will be considerablyl later than the previous year. Dry weather, with high temperature. Is expected to be a feature in corn this week. Unfavorable advices from the spring wheat belt are expected to materially aid prices and cause a fair-sized rally which will bring prices above the #1 level. Movement of winter wheat, especially in the central States, Is on the increase. Local Hay Market Loose hay—s2l @23: bales. $20®22: heavy mixed hay. 520622: light mixed hay. slß@2o. Corn—92@9s. Local Wagon Wheat Local mills are paying 90c for new No. 2 red wheat. Cloverseed Market CJoverseed was quoted at S7OIO a bu. Ln Indianapolis. In the Cotton Market NEW YORK. July 23.—The cotton market opened lower. July, 26.20 c, off 27c; August, 26.25 c, off 35c; October. 23.30 c, off 30c. SAMUEL JAY, 70, DIES Lived Here for Twenty Years; Was Fanner Most of Life. Indianapolis lost an aged resident ln the death of Samuel Jay, 70. of 4025 E. Thirty-Fifth St., who -lied at his home Sunday morning. Funeral services will be held Tuesday at 2 p. m. at the home. Mr. Jay has been a resident of Indianapolis at intermlttant times during the last twenty years. He was a farmer most of his life, at one time owning a ranch near Sioux City, la. Mr. Jay is survived by two sons. Arthur Jay of Decatur, 111., and Earl Jay of Indianapolis, and two daughters. Mrs. Fred Eyer of Decatur and Miss Ethel Jay of Indianapolis. Smoke Violation Charged An affidavit charging that he permitted locomotives to violate the city smoke ordinanace wag filed today by C. A. Sherwood, superintendent of moitlve power tor the Big Four Railroad

1:45 Prev. High Low a. m. close. Pan-Am Pete 05% 64% 65% 66 Pan-A Pete B 62% 61% 82% 63 Phillips Pete. 23% 21% 23 22% Pro and Ref. 35% 35 35% 35% Pure Oil ... 18% ... 18% 18% 8t Oil of Cal 51% ... 51% 61 Sta. 0 f N. J 34 83% 34 34 Sinclair .... 24% 24% 24% 25 Texas Cos . . 43 % 43 % 43 % 43 % Minings— Int Nickel ... 13% ... 13% 13% Coppers— Amer Smelt.. 57% 67% 57% 67% Anaconda ... 42 % ... 43 42 Kecnecot 35 % ... 35 % 36 % Industrials— Amer. Can . 92% 91% 92% 91% Am. Woolen. 88 87 88 87* Cocoa-Cola . 79% 79 79% 79 Cont. Can ..47% 47 47% 47% Pam Play .76 74% 70 75% Owen Bottle. 44% ... 44% 44 M and M... 20% 20% 20% 20% Gen Asph 1. 30% 29 30% 29% Sears Ro ... 73% ... 73% 73% U S Ind A!co 49 % . . . 49 49 Am T and T. 123 122% 123 122% Cpn*Gae 61 00% fll 00% North Am... 22% 21% 22 21% Shipping— Atl'Gulf 14% 14 14% 13% Int M M pfd 24 % ... 24 % 24 % Foods— Am Sugar . . 85 % ... 65 % 64 % Am Bt Sug. 32% 32% 32% 33 Corn Prod ..123 122% 123 122% Cu Cn Su pfd 43% 41% 41% 43% Cu-Am Sug.. 28 27% 27% 28 Punta Alegre... ... ... 51 % Tobaccos— Am Tob C0..147 ... 147 Tob Prod ..81% 81% 81% 81%

CURB TRADE RESTRICTED WITH CHANGES MODERATE Soiling Develops Among Oil Shares Due to New Cuts By United Financial NEW. YORK. July 23.—The curb started the new week with rAtneir restricted trading and moderate price movements. There was some selling among the oil shares In the early periods, influenced most probably by the reduction in gasoline prices in the East, but the market as A whole was able to absorb these offerings at the expense of fractional declines and the list In general remained steady. Standard of Nebraska at 2:30 showed a four-point gain In the afternoon and Prairie Oil & Gas improved three points over the previons close to 183. Cities Service was better and Maracaibo got back to 22% and Mutual to 10. Indiana held rather steady around 54%. Swan & Finch was much In evidence at 30. Quiet accum ulation has been going on in this stock for the j>ast week causing its advance from 27.

Business News

WASHINGTON. July 23 —Bethlehem Steel Company and lt* subsidiaries, the Seaboard By-Products Coke and several either coke companies have joined with U. S. Steel Corporation in asking a rehearing, reargument and modification of the interstate commerce commission ruling in the case involving assignment of private cars to soft coal ralnes. XEW YORK—According to the announcement of the car service division of the American Railway Association. American railways are now in excellent condition ot meet the fall crop movement. On April 15 a special order designed to aid the west move of western owned box cars was Issued. During the eleven weeks elapsing bteween then and the last date on which complete ae rlocation figures are available, road* in the southern and eastern parts of the country had sent 50.000 ears to western American roads and 16.000 to Canadian roads. On July 1 only 8.9 per cent of the cars on western roads were in need to repairs, as compared to 13.2 per cent a year ago. NEW YORK—in addition to shipment of 30,000.000 gold marks to the International Acceptance Bank, there was another consignment of 100,000 gold marks on the George Washington, sent by the Relchsbank to the Equitable Trust Company. NEW YORK—The Texas Company has reduced gasoline 1 cent a gallon in Pennsylvania and Delaware, following a similar reduction made by the Atlantic Refining Company. The Texas Cempany also made a 1cent reduction In New Jersey and Maryland to meet a cut made ■by Standard of New Jersey. NEW YORK—Approximately 50 000 buyers are expected to attend the second annual merchandising fair, which has opened at hte Grand Central Palace and the 105 tn Regiment armory. The fair will continue through to the evening of Aug. 3. Anew feature added to the fair is the "merchajKnse dramatized" spectacle, which will bo put on each night at the Lexington Theater. This superstyle show will exhibit all of the lines expected to be most popular in fall and winter garments. Indianapolis Stocks —July 23 Bid. Ask. Am Cent Life 200 Am Creosoting Cos pfd ... Belt R R eom 66 % 70 Bolt K R pfd 52 % Cent BUlg Cos pfd 98 Cities Serv com 185% 138 Cities Serv pfd 64% 66 ( it Gas Cos com 26 % .... Cit Gas Cos pfd 99 % ... Ind Hotel com 100 Ind Hotel p{d 100 Ind Nat Life ... Ind Pipe Line Cos 96% 98% Ind Title Guar Cos 70 80 Indpls 9b pfd , 60 Indpls Gas . . . 4# % 63 Indpls & Northwestern pfd.. .. ' 65 Indpls & Southeastern ptd 60 Indpls St R R 62 Indpls Tel com 1 ... Indpls Tel pfd 90 Mer Pub Util Cos pfd ... Nat Mot Cos , 2% Pub Sav Ins C 0....... 12 ... Rauh Fer pfd 49 . . e Standard iOl of Ind 64 66 Sterling Fire Ins Cos ... T H I A*E com 8 6 T H I A E pfd 13 T H Tr A Lt Cos pfd 93 97% Union Trac of Ind com 2 ... Union Trac of Ind Ist pfd. . . 20 ... Union Trac of Ind 2d pfd.... 6 % ... Van Camp Prod Ist pfd .. 98 Van Camp Prod 2d pfd 100 Van Coal Cos com 4% Van Coal Cos pfd . . .11 16 Wabash Ry Cos coni.. 8% ... Wabash Ry Cos pfd 28% ... —Bonds— Belt R S Y 4s, May, 30 80 ... Broad Ripple 5s 66 09 % Cit Gas 5 80 % 87 % Cit Gaa 7s 100 102 , Cit St R R ss. . 8.3% 80 Ind Coke and Gas 6s 90 94 Ind Hotel 5s 90 Ind Hotel Cos 2d 6s 99 % ... Ind North 6 40 ... Ind R and Lt 5s 89% 94 Ind Union Trac 5s 40 ... Indpls Ab Cos 7%s 100 . Indpls Col A So 0s 96 100 Indpls Gas 5s 85 % 87 % Indpls Lt and Ht 6s 94 93 Indpls A Mart 58% 63% Indpls North 5s 61 % 65 Indpls A Northwestern 61% 55 Indpls A 8 E 5s 40 Ind Shelby A S E 5s 62 Indpls St Ry 4s 64 60% Indpls Trac A Term 6s 85 88 Indpls Union Ry 5s 94 ... Indpls Union Ry 4%s 94 . . . Indpls Water 5s 100 . • . Indpls Water 4%s 85 88 Indpls Water 5%s 93 95% South Ind Power, 0s 101 . . T H I A E 5s 69% 73 Union Trac of Sind 6s 68% 71 —Sal re—s4,ooo Third Libert 4%s 98.83 Man Severely Cut Police are searching for a colored man said to have cut Albert Rlngold, colored. 31, of 825 N. Senate Ave., Ringold walked Info the city hospital with cuts on his arm and abdomen that required twentyfour stitches to cIOM. Takes Poison After Quarrel Mrs. Martha Reed, 626 >i.rrow Ave , quarreled with hor husband, accord'ng to the police, and drank half an ounce of poison. She is at the city hospiital where condition is reported as not serious.

THE INDIANAPOLIS TIMES

DOG PRICES GO QUARTERHIGHER Lights Sell at $8.25 for Second Time in Month, Hog Prices Day by Day July 250-300 lbs. 200-225-lbs. 150-180 lbs. 17 7 25(2 7.60 7.000 8.10 8.100 8.25 18' 7 26® 7.60 7.75® 7.90 7.900 8.00 19' 7.000 7.25 7.300 7.65 7.050 7.75 20 7 000 7.25 7.250 7.30 7.550 7.70 21 7 100 7.25 7.500 7.90 7.900 8.00 23] 7.50 0 7.75 7.90® 8.10 8.10 0 8.25 The price for choice light hogs touched the $8.25 mark for the second time this month In trading at the local livestock exchange today, establishing a general increase In price of 26 cents over Saturday’s prevailing top price of SB. Th 4 advance due to light receipts was general throughout all grades, some maintaining their light mixed hogs had sold even more than a quarter higher but a buyer for a local packing interest said his hogs would average no more than 25 cents higher. Selected lights sold from SB.IO to $8.25, light mixed from $8 to SB.IO, i medium mixed from $7.90 tq $8 and heavyweights generally from $7.50 to $7.75. The bulk of the day’s receipts of 7,500, inclusive of 200 holdovers, moved Between $7.90 and $8.25. Sows reflected the general advance, selling down from $7 and pigs also benefited, selling down generally from $7.50. The cattle market was much the same as it has been for some time past, barely steady on the strictly prime cattle and weak on the medium and common grades- Some evidences of strength were manifested in spots, due to light receipts of certain classes in Chicago. Receipts 1,400. The calf market was quotably strong to $1 higher due to light receipts and a heavy eastern demand. A practical top of sl3 was established for strictly choice veals but a few Sold up to $13.50 and at least one or j two at sl4. The bulk of the receipts | of 800 moved between sl2 and sl3. The sheep and lamb market was dull with prices steady, lambs selling down from sl2 and sheep down from $6. Receipts 200. .*. —Hogs— ISO to 200 lbs. $ 8 100 8.25 Medium 1 7.900 8.10 | Heavy 7.50 0 7.75 j •Top 825 Pips 7.00 0 ?.s<Vi Packing sows 0.250 7.00 —Cattle— Few choice steers SlO [email protected] Prime corn-fed steers. 1,000 to 1.300 lbs 9.00® 0 50 Good to choice steers. 1.000 to i 1.100 lbs 8.500 9.00 Good to choice steer*. 1.000 to 1.200 lbs 7.60 0 8.00 Good to choice steers, 1,000 to 1.700 lbs 7.60® S.OO Common to medium steers, 800 to 1.000 lbs 7 250 7 50 —Cows nail Heifers— Choice light heifers $ 8.50® 0 75 Good light heifers 7.00® 8.75 Medium heifers o.oo® 7.25 Common heifers ........... 5 00® 0.00 Fair cows 4.00 0 5.00 j Cutters 2.75 0 3.2a Canncr* 2 250 2.50 —Bulls— Fancy butcher bulls $ 5.00 @6.00 Good to choice butcher bull*. 5.00 0 5.50 Bologna bull* 3.760 4 50 Choice veals sl2 00 0 13 00 Good veals 10.00011.00 Medium veals 8.00 0 9.00 Lightweight veals 7.50® 8.00 1 Ileavyweigh tvoala 7.00 0 7.50 Common heavies 6.000 7.00 Top 11-50 —Sheep and uMnhs — Culls $ 2.25® 5*5 Good to chotee ewes 3 000 BOn Few choice lambs 11 00 0 12.00 Heavy lambs 10.000 11.00 I Cull lambs 0.00 0 t.OO Other LivestocK By f tilted Financial CHICAGO. July 23.—H0g5—53.000: mar- , ket. 35 <8 40c higher: top. $8 05: bulk. 6.6607.00: heavyweight. $6250780; medium. $7.00 08; light. $7.3508 05: light lights $6.9007.95: heavy packing, smooth. $6.15 00.60: packing sows. 1 rough. $5.90 00.25: killing, pigs $0.60® 7.25. Cattle—Receipts, 17,000: market, better grades kl+itng classes strong to 25c higher, mostly 15®26c higher; lop matured steers, early. $11.60: few other sales. $11.25011.35: killing qualty rather plain, yearlings showing general advance: shn stock strong; spots higher: other classes steady to strong. Sheet,—Receipts. 9,000; I market fat Western lambs around 25c | higher. Others and sheep generally steady: \ top Western shippers and city butchers, : $13.75; bulk natives $12.76 013.25; top, $13.25: culls mostly $8 08.50; bulk fat ewes. $5 0 6.26. EAST BUFFALO. July 23—Cattle— Receipt*, 3.650: market, fairly active and steady. shipping steer*. $10.50011.50: butcher grade*. $809.35: heifers $0,250 8.50; cows $2.5007: bulls. $3.5005.26: feeders, $607.50 Calvee— Receipts. 1.800; market, active to 50c higher; culls to choice. $4 013.50. Sheep and lambs—Receipts, 1.800: market, active to 50c higher; choice lambs $14014.50: culls to choice, $8.50® 13.50; yearlings, $7.50011 60; sheep. S3O 8 50. Hog*—Receipts. 10,500: market, active to 25 0 50c higher: yorkors. $8 0 8.05; pigs $7.5008: mixed, $8.5008.70: heavies. $82508.50; rough, $600.50: stags, S4O 4.50.

KANSAS CITY, July 23. —Receipts— Cattle, 9,000; calves. 4.000; slow; early sale* killing- classes steady; very lew (rood choice beef steers offered: receipt* mostly Western, stoekers and feeders strong: several early sali-9 feeders, $7 0 8.35. Hogs— Receipts. 8.000. 25 035 c higher; shippers, top, $7.50; packer top. $7.45; bulk. 200-300-pound average, butchers, $7.40 07.45. Shoep—Receipts. 6,000: few sales lamN>. 25c lower; Idaho*. $12.75: pdd bunches natives uj> to $12.60; sheep steady to strong: Texas wethers mostly yearlings and twos, $8 others, $7 07.60. EAST ST. LOUIS, July - 23 —Cattle—Receipts, 9.000: market 25c higher; native beef steer. $9 0 9.85- canners and cutters. $2.5002.75; calves. $9.50. Hogs—Receipts, 12,300; market active, 25c to 30c higher: heavy. [email protected](ri, medium, $7.6008; lights. $7.60 0 8.05; light lights. .$6,90 0 8.05; packing sow#, $5.9006.15; pigs, $6.50 @8: bulk, $7.760 8. Sheep—Receipts, 4,000; market slow; ewes. S3O 6; canners and cutters, $103; wool lambs, $11,600 13 25. CLEVELAND. July 23.—Hogs—Receipts. 3.500: market, 40c higher; yorkers, $8.50; mixed, $8.50: medium. $8.60; pigs, $7.50; roughs, $5.75; stags. $4. Cattle—Receipt*. 1,200: market. Blow; good to choice bulls. $607; good to choioe steers, $0.05 0 10.50; good to choice heifers S7O 8; good to choice cows. SSO 0: fair tq good cows. $3.500 5; common cows, $2 0 3.60: milkers. $40075. Sheep and lambs—Receipts, 1.400; market, steady; top, $13.50. Calves—Receipts. CINCINNATI. July 23.—Cattle—Receipts, 2,960: market slow; shippers, $8.60 010.25. Calves—Market active, 60c® $1.60 higher; extras, $11012.50. Hogs—Receipts. 5,000; market 25c higher; good or choice packers, 800. Sheep—Receipts, 1.500: market strong: extras. $4 08. Lambs—Market slow, lower: fair to good, sl3 013.50. Hit By Auto; Driver Arrested Dr. J. D. Paxton of Rushville, Ind., was knocked down at Sixteenth St. and Capitol Ave. by an automobile driven by Tom Cunningham, 2445 Hovey St., who was arrested by Patrolman Lowe on a charge of assault and battery. Paxton walked to the Methodist Hospital. His injuries are not serious. VERMILION AND GREEN Vermilion and Lanvin green are combined to form bindings on a smart fi;ock of crepe. Indianapolis has anew speed king. He is Billy Phillips, 9. of 44 S. Hawthorne Lane, who made the three mile course In twelve minutes and three seconds in a pushmoblle. The race was held on N. Audubon Circle. Phillips was assisted by his “pushers,” Bill Wheeling, Harry Mountjoy, Harold Williamson, James Croghah' and John Thatcher.

A CORNER —With the — FARMER By R. WEBB SPARKS . .Vlarket Editor of The Times ■

Public announcement of a plan by O. E. Bradfute, president of the American Farm Bureau Federation, to seek relief for wheat farmers through extensive ifse of funds made available by the intermediate credit act by which 200, CW0, 000 bushels would be stored In good farm bins to be designated as bonded warehouses has been submitted. The obvious intention of the plan Is to hatjp wheat withheld from the market at this time when dollar wheat prices mean financial suicide to the farmer. Under the terms of the proposed plan this wheat would he held as collateral for bank loans to 75 per cent of the value of the grain, enabling the farmer to finance himself until such time as grain values adjust themselves. H. L .Winters of Thomson & Mc-‘ Kinnon, brokers, has this to say regarding the proposed plan: "Unfortunately we cannot include Canada in this arrangement. The Canadian farmer, with approximately a 500,000.000 bushel crop will undoubtedly take advantage of lessened offerings. Also the absolute certainty that this 200,000,000 must seek a market somewhere will undoubtedly defeat the anticipated result. Nothing but loss by black rust or other pests will serve to lend permanency to any advance In price. A great deal is being written at present on the likely necessity of Government “price fixing,” provided some other means of stabilizing wheat prices Is found and found quickly. On the subject, most of the leading experts are in hearty agreement. The result of fixed prices for wheat could have none other than a demoralizing effect upon the farmer’s already depleted finances. It would be reasonable to expect that even if a guaranteed price of $2 a bushel were arbitrarily established by some governmental of legislative force that the result would work adversely for the wheat grower. Why? Because immediately this were done, prices .for leading commodities would beg|n a steady advance and soon surpass the purchas ing value of wheat and the farmer would be left no recourse because of the limitations placed upon his product. Price fixing would offer temporary relief, it is admitted, but the ultimate result, judging from past experience, would be more harmful than good. Let the American banker step to the forefront and assist the farmer—he will be obliged to face the necessity of doing it anyway and may just as well do it gracefully now—and no Government price fixing will be necessary.

WIDE STRETCHES OF PUBLIC LANDS STILLAVAILABLE Homesteader Must Have Capital to Cope With 'Opening Problems. By Timet Special WASHINGTON, July 23. You would count yourself wealthy, wouldn't you, if ypu posssessed land holdings as extensive as the State of Texas? Yet you might be the owner of as much land as is contained in Texas, Massachusetts and Maryland without enhancing your riches. Within the United States there are areas of practicably worthless lands aggregating 182,886,310 RC4JS. These lands.Annstitutlng the “public domain” of the United States, are scattered through twenty-four States of the Union. During the past few years an average of 10,0000,000 acres a year has been opened to settlers. In the last ten years the public domain, exclusive of forest reservations and Indian reservations, has been reduced from 279.927,196 acres. Valuable land has been practically exhausted. Homesteading, once the ■foundation of many a small fortune, no longer leads away from poverty. Only those already possessing capital can hope to cope with Irrigation, transportation and development problems that must be mastered before a livelihood can be derived from a s farm carved out of what remains of public lands. Such as it Is, the land now being thrown open to settlers Is first offered to ex-service men. Former soldiers now have first choice on several hundred thousand acres in Western States, but at the end of a ninety-day period from the date of the official openings, the general public Is permitted to make homestead entries. The State having the largest public domain Is Nevada with 52,429,745 acres, most of which has never been surveyed. Utah comes second with 26,791,051 acres only partially surveyed. Third 'ls California with 18,333,659 acres. In Kansas only 2,944 acres remain of once extensive public domain areas. Other States still having public lands within their boundaries are: Alabama. Arizona, Arkansas, Colorado. Florida, Idaho. Louisiana, Michigan, Minnesota, Mississippi, Montana, Nebraska, New Mexico, North Dakota. Oklahoma, Oregon, South Dakota, Washington. Wisconsin and Wyoming. Wet Umbrella When i.n umbrellal Is wet do not open lt to dry lt; wipe it down with an old silk handkerchief and leave it. to drain shut up, with the handle downward. At one Bavarian hotel a visitor found the tablecloths and napkins to be paper, the butter margarine, the coffee oats, and th,e rice breadcrumbs. "Washing 1 machines which can clease 350 shirts at once are now being mode. . An Indian spider’s web only six inches in width wa* found to contain over 41,500 meshes. For rain water to slnft to the level of most wells lt takes from twelve tu eighteen months.

Shank Emulates Daniel in His Well Known Stunt in the Den

pPjk

MAYOR SHANK AND “SUGAR.”

Yes, Mayor Shank has not turned animal trainer. He’s ju&t receiving an invitation to dinner from the mountain lion cub, “Sugar,” pet of the Gentry Brothers and Patterson’s Wild Animal circus. **

‘BARNEY’BARUCH DOES DIS BIT TO ELIMINATE MS Millionaire Founds Institute of Poliitics at Williams College, By Timet Special WASHINGTON, July 23.—Did you ever see a couple of strange dogs run up to eaoh other, bristling, showing their teeth, growling, tense, ready at the first move to fight? And did you ever see them, after looking each other over for a moment, and getting acquainted, go trotting off ’ogether for a friendly rollick instead? That’s the way with nations, thinks Bernard M. Baruch, millionaire and former economic adviser to the American peace mission. If you can nduce international leaders to get torsther and swap Ideas instead of fight ng, get them to tell each other their troubles and their motives you contribute largely to world peace. With this in mind, “Barney” Baruch put up the money for an Instute of Politics at Williams College. Willlamstown, Mass. Once a year, for a month during the summer vacation, prominent men—statesmen, diplomats, university professors, writers, military experts and so on, get together for leoture courses and to talk things over at "round table” conferences. Highbrow stuff, say skeptics. Doesn’t get anybody anywhere. They’re wrong, says Baruch. Everybody— European. Asiatic. Yankee and LatinAmerican —mingles on the Williams College, campus, in dormitories and about the leaner tables, Just like ordinary students. And they come to know one another well and learn a lot. This, in itself, makes for peace and understanding. The third session of the institute opens July 26. Dr. Horry Augustus Garfield, president of Williams College and son of the martyred President Garfield, is chairman. On the board o fadvisers are presidents or professors from Harvard, Yale, Princeton, Columbia and other universities. Sir Edward Grigg, London, will lec, ture on British problems; Count Harry Kessler, Berlin, on Germany and the European tangle; Dr. Estanislas Severo Zeballos, Buenos Aires, on anew type of state; Canon Ernest Dimnet, Paris, on France, her allies and neighbors. Boris A. Bakhmeteff, former RulT sian ambassador to this country, will pres.lde over the Russian round table. Other round-table topics will be race as a factor In politics, the League of Nations, the law of the air, America’s international problems, the Near East and the problems of the Pacific.

TREE PLANTING IS ON THEINCREASE Counties in Heart of New York Have Good Record. By Times Special NEW YORK. July 23.—A1l previous records In planting forest, trees on private land were zallpsed during’ the spring season just passed. A record _of trees planted In New York since 1911 on public and private land is interesting because it shows the active and inactive localities in conservation work. The total number of trees planted In the State of New York since 1911, as far as it is possible to tabulate them, is 56.351,691. During the war reforestation fell off perceptibly, but has recovered and tills spring broke all records with regard to private land- The addition of trees to be set cut thiß fall will undoubtedly bring rim tptal fqr the

The mayor and other officials will be guests of the circus at dinner at the grounds this evening. The mayor did not accept until R. B. Dean of the circus told him the dinner was not being given “for the lipn.”

year beyond alj previous planting operations on both public and private holdings. Every county in the State has planted trees. "The counties of the Adirondacks and Catsklll regions, where large tracts of State land are located, have the highest records. Franklin County leads with 13.503,000. One of the surprising records is made by Westchester County, which comes first among the counties outside the Adirondacks and Catskills, with 2,453,000. This is due largely to extensive planting to protect New York City’s water supply. New York, Queens and Kings, in the heart of the metropolitan district, have planted almost an equal number, with New York leading, 28,000, 22,000, 18,000, respectively.

NEW ‘WAR BOOK’ IS REGARDED AS MOSTACCURATE Newspaper Man Says 'You Asked for the Truth, Take It or Leave It.’ It looks as though we had quit sentimentalizing about the war. After five years—time enough to get a perspective—young Thomas Boyd, veteran, and at present literary editor of the St. Paul Daily News, has published his Impressions of what happened to the A. E. F. His hook, “Through the Wheat,” is as dispassionate, as Just, as unbiased as the most acourate news tory. It is not as bitter as “Three Soldiers.” Neither is it in the slightest degree permeated by any of that quality which distinguished the things written by Conningsby Dawson during 1917, nor is it sentimental like Wllla Cather's “One -of Ours,” which despite the fact that it took the Pulitzer prize this year, was considered by many critics as the poorest thing Miss Gather ever wrote Private Hicks, about whom Boydus story centers finds lots of fault with the war. It seems pretty foolish to him and to his companions. But they would have, been Insulted if anyone had insinuated that they were not “the best soldiers in the known world.” Boyd absolutely refuses to be anything but realistic about the carnage and the slaughter. The odor of decaying bodlfes made the living ill, and he tells you so. That is not the half of lt. Take for instance this passage; “......In the middle of his back a large hole had been blown. Surprisingly, there was very little blood on his shirt 1 , or upon any other part of his body, save Vhere the gaping hole showed the raw flesh. Hours earlier King Cole had been struck by the explosion of a shell. Since then he had lain—alive." Or this: “On the drab earth, beaten lifeless by carnage and corruption, drab bodies lay, oozing thin streams of pink blood, which formed dark, Viysterious little pools by their sides. Jaws were slack—dark, objectionable taijems In pallid face®. Some men still moaned, or, in a tone into which discouragement had crept, called for help.” Thomas Boyd says in effefct: “This was how it was. Take it or leave It. But you've asked for the truth, and this is it.” Sees Burglar Enter Home Clarence I'hompson, 709 Union St., told Police Officers Oakley and Dillane that he saw two young negroes enter his home by the way of a side window and after they left found they had taken a watch, ring and money amounting to S4O. Addresses by Charles A. Bookwalter. president of the city park board, and Dr. D. M. Pike and a hand concert will he the features of a community rally at Thirtieth and Illnois Sts., under auspices of the Thirtieth and Illinois Business Association this evening. , k A parade this afternoon streets of the north site will advert tise a popularity contest.

WON ENDURES TERRIFIC BEAT OF NAINALCAPITAL War-Time President Follows His Usual Routine While Others Leave, By Timet Special WASHINGTON, July 28.—President Harding has been enjoying the cool breezes of Alaska, and ex-Presl-lent Taft is vacationing in Canada, but there is at least one man who is. still battling one of the hottest sun*, mers in Washington’s history. He is ex-President Wilson. Mr. Wilson has no vacation plans, according to his closest associates, and will follow hisr’’daily routine. This usually consists of a walk in the garden of his S St. home In the morning and a long auto ride in the afternoon. “Mr. Wilson has held his own against the heat,” said Dr. Cary T. Grayson ,his physician. “There has been practically no .change in the condition of his health recently.” , Although he Is heavier and has more color than when he left the Whitq House, the war-time President is still far from being a well man. His sadly twisted face bears evidence of his long Illness and he leans heavily on his cane. His hair is snow white. * The old/ veteran’s regular amusement consists of his weekly visit to Keith’s vaudevillel theater, which he and Mrs. Wilson attend each Saturday night except in had weather. He is a vaudeville fan. The crowd never falls to give him a rousing ovation as he hobbles in. . One of the Jokes that seemed to amuse the former President most at last Saturday night’s performance was pulled by Harry Green, a comedian appearing as George Washington Cohen in a sketch, “The Cherry Tree.” G. Washington Cohen, bent upon becoming President, determined never to tell a lie, but finally he fell. “Now," Cohen mused, “I’ve told a lie and I can’t ever be President. But” —and he paused a moment, apparently thinking deeply—“ Secretary of State ain’t such a bad job.” This got a broad smile and a deepthroated chuckle from the ex-Presi-dent.

LABOR LEADERS SEE 8-HOUR DAY IN NEARFUTURE Unions Prepare for Giant Fight in Steel Mills of Country, By Timet Special WASHINGTON, July 28.—Labor leaders here believe they see the eighthour day coming in the steel industry a great deal sooner than is Indicated by the latest evasive letter from the Iron and Steel Institute to President Harding. This fetter itself will be used to speed the day. President Harding, giving it publicity in his Tacoma speech, helped the efforts of those fighting the 12-hour day, though none agrees with him that it showed a purpose of the steel manufacturers to abolish the 12-hour day of their own accord. It has helped by giving the steel workers in advance the benefit of public opinion as they prepare to launch their own fight for better conditions in the mills. The fight is still some months in the future. It will be in the hands of the Amalgamated Association of Iron, Steel and Tin Workers. The same organization led In a similar movement in 1919-20. It will again have active support of affiliated organizations under the American Federation of Labor. • f Funds left over from the 1919-20 campaign, amounting to $70,000, will serve as a nest egg. The leaders will be many of the same men, with exception of William Z. Foster, who broke with the A. F. of L. since that time. Just now work toward unionizing mills has only reached the point of selecting men who will drop Into steel towns to talk organizing to workers. Organizers expect to encounter trouble when they attempt to hold public meetings, as they always have had trouble in the post. One hope they have, however, is that in the key State, Pennsylvania, with Governor Pinchot in office, they will not be ridden down by the mounted State constabulary. The twelve-hour day argument will be used to draw workers into the union. Workers, say the organizers, have no expectation of voluntary action on the part of Judge Gary; he may grant lt aa a mfians to forestall the organizers, but they say lt will soon be too late to do this. Labor organizers see the present as a good time for their purpose, for another reason than the publicity the President has attracted. The mills need men. There are more jobs than there are steel workers. A strike right now could not be broken with strike breakers. Strike breakers could not be found. Ought to Be Happy MOSCOW, July 20. —Soviet leaders have established a home here for "fighters against international reaction” deported from other countries Exiles from tweney-two countries are living in this “Haven of Rest.” But maybe they’re not as free as the Bolshevikl would have them believe. One of the largest fortunes left by an artist was that of Peter Graham, who died in 1921 wdrth $650,000, Laundry proprietors have employed scientists to discover some method of doing without starch In their work. %

<Mlivi* Fulmtiirr h!miV t .i'uiu n WCJ3RASS

11