Indianapolis Times, Volume 35, Number 63, Indianapolis, Marion County, 25 July 1923 — Page 11

WEDNESDAY, JULY 25, 1923

RAILS ARE FIRM, ► BUT INDUSTRIALS DISPLAY WEAKNESS lit? Stocks in'General, However, Act Well Under Pro-' fessional Pressure. HILL ROADS RECOVER i Oils Are in Plentiful Supply at Lower Prices —Losses Slight, The WALL STREET JOURNAL NEW YORK. Aug. 25.—The stock market was fairly active at the opening today with most of the industrials off fractionally while the rails manifested a firmer tone. Steels and coppers, like Can and Studebaker, were -fractionally lower, while American /.locomotive. Southern Pacific, New York Central and Canadian Pacific were slightly better. A further reflection of uncertain movements in commodity markets was found in the announcement that leading Chicago Producers had cut pig iron prices fifty Pents a ton. First Hour Activity increased toward the end of the first hour and, although the list was under pressure, leading stocks Held well. The market gave the appearance of being, more reactionary than was the case. Studebaker was off but a quarter point, American Carl and Baldwin the same and American Locomotive but half the amount, while Steel and Bethlehem were a half point above the opening. Stew-art-Warner was off two points, while Delaware & Hudson was up a point. .Second Hour Dullness prevailed in the second hour with stocks rallying a point or more. Baldwin was up nearly two points, Selling at 120. Can was up about one point and Studebaker the same. New York Central sold up to 99*4. more than a point higher than its price at 11:30. Delaware & Hudson continued firm and at 104*4 was up I*4. Steel -common was dull but firm, getting close to 91. Noon Hour Dullness characterized trading during the noon hour, though most stocks held their slight rally well, excepting eUch oil Cosden, which was off I*4, and Marland and California Petroleum, which were off fractionally. Delaware & Hudson reached 105%, up 2 points, due to dividend action. Brokerage ciroles reported considerable sw-itching from Northern ■’aeific and Great Northern preferred Knto Consolidated Gas, which held firm. Fourth Hour Trading continued In small volume .in the fourth hour, most issues managing, however, to retain what recovery they had been able to score earlier in the session. A stronger grain market and a generally stronger cotton market, together with a firm crude rubber market, added generally to the -better sentiment of traders. Steel fommon continued its market firmness. Closing Hour -.The last hour of trading was unusually dull and most stocks relatively inactive, though Still maintaining a -good portion of their early gains. Trading tapered off until the final gong as no developments either on or off the exchange occurred to stimu--late speculation. Judge Gary called a meeting pf presidents of all subsidiaries of the United States Steel Corporation in New York Thursday to discuss the twelve-hour day question. - Twenty active industrial stocks on Tuesday averaged 90.16, off 1.42 per jsent. Twenty active rails averaged 79.45, off .53 per cent. Local Bank Clearings - Indianapolis bank clearings Wednesday were $3,364,000; bank debits were $7,339,•000. . New York Money Market By United Financial NEW YORK. July 25.—Commercial pamarket fairly active. Rates steady, •rime names 5 per cent: others 5*4 per gent: bulk of business at 5 per cent. Time money market duJ-L with rates steady. Brokers bid 5 per cent; lending: banks aak 5 % on all maturities; loans arranged at lend--ess' trade. Foreign Exchange By United Financial NEW YORK. July 26.—Foreign exchange ’closed higher. Sterling:, demand. $4.59 %. -Francs, demand. 6.92 He. Lire, demand, 4-.8?%c. Belgian, demand. 4.89%c. Marks, 085.000 to the dollar. Czeoho, demand. 3-98 He. Swiss, demand. 17.89 c. Guilders, demand, 3f1.28c. Pesetas, demand. 14.26 c. Sweden, demand. 26 60c. Norway, demand. 16 19c. Denmark, demand. 17.61 c.

EARLY SELLING OF OILS - * IS ONLY CURB FEATURE "Standard of Indiana Goes Through* 53 to New Low. Bu United Financial NEW YORK. July 25.—Outside of the early selling off in the oils stocks ' today, there was little of Interest in Yhe curb market, and the later trad*4pg turned dull and spasmodic with a . Yew of the oils managing to regain some of their recessions. Standard of Indiana, which has been reflecting signs of weakness in the past few days, broke through 53 to a low of 62% and recovered oply s'Jght ly. Its downward trend of the day undoubtedly was influenced by oil trade analysis, which forecasted a worse oil n'tiifctlon in the -winter un- , less there is almost immediate relief from overproduction from crude. Stutz Motors apperaed for the first time in days at 15%, compared with kithe close of 16%. V Gillette Safety Razor fell below 260 and failed to recover. Local Hay Market Loose hay—s2l @‘23: bales, S2O 6 22: heavy mixed hay. S2O @22; ‘lipht mixed hay. $lB @2O. Corn—B2 @ 96c. Cloverseed Market Cloverseed was quoted at $7 @lO • bu. In

New York Stocks (By Thomson ft McKinnon)

Railroads— 1:45 Prev. High. Low. p. m. close. B. ft 0 49% 48 % 49*4 48% Can. Pacific.. 146 >4 145 H 146 % 145% C. ft N.W.Ry 68% 67% 68*4 68 H Great No. pfd 61% 60% 61% '62 N. Y. Central 99& 98 *4 99% 98% Northern Pac 63% 62% 63% 63% Pennsylvania. 43% 43% 43% Reading 76% 75% 76% 75% So. Pacific. . 86% 86% 86% St. Paul pfd 31% 30% 31% 32% U. Pacific. . .130 129% 129% 129% Wabash pfd.. 28 27% 27% 27% Rubbers— Kelly-Sprint. 34% 33% 34% 34 U S Rubber .43% 42% 42% 43 Equipments— Am C and F.167% 166% 157% 157 Amer Loco. . 70 68 % 69 % 68 % Baldw Loco .120 118% 120 119% Gen Electric. 174% 173% 174% 173% Lima Loco.. 62 61% 61% 63% Westh Elec.. 57 66% 56% 66% Steels— Bethlehem . . 47 % 46 % 47 % 46 % Creuible ... 64% 63% 64% 64% Gulf State*. 72% 70% 72% 71% Rep I and S 43% 43% 43% 43% U S Steel .. 91 90% 90% 90% Motors— Am Bosch M. 33% 32% 33% 33% Chand Mot.. 50% ... 80% 50% Gen Motors.. 14 13% 14 13% Max Mot A.. 40% ... 40% 40% Mack Motors 76% 74 70% 75 Studebaker ..104% 103% 104% 104% Strembcrg . . 69 % 68 69 % C 9 % Stewart-W 91% 88% 90% 90% Timken 37 36% 87 37% Minings— Texas G. ft S. 57% 67 57%

A CORNER —With the — FARMER By R. WEBB SPARKS •Market Editor of The Times ——— Reports reaching Indianapolis through newspaper accounts of wheat yields throughout the State are taken as indicating a bumper crop in many sections of Hoosierdom. Thrashing is already under way In many directions and receipts at mills grow heavier every day. .That a great many Indiana farmers intend storing their wheat either in public or private granaries is also evidenced by reports reaching the capital. Such manifest intention is taken to indicate a generally healthy financial condition throughout the State, as farmers in the western wheat growing States, whose incomes are largely derived from wheat growing. are much less fortunate, as their livelihood depends upon immediate realization on the stocks or some means of obtaining loans against the grain that will carry them over until such time as values further adjust themselves. From Logansport comes the report that a crop yielding forty-three bushels to the acre was thrashed on the farm of N. L. Bess. The grain brought 88 cents at the mill. It was unofficially estimated at the machine that at an arbitrary production cost of $1 a bushel, Bess lost $5.16 ah acre on his wheat while a neighbor of Bess, whose field yielded only twenty bushels to the acre, lost only $2.40 an acre, on the same basis. A field of twelve acres on the farm of Grant Showalter in Noble Township, Jay County, produced thirty-five and one-half bushels an acre, yielding more than 400 bushels. A ninety-six-acre field on the farm of Mrs. Boone Power In Rush County averaged twenty-six bushels an acre that graded No. 2 at the elevator. Col. Fred Reppert of Decatur reported a yield In excess of twentyfive bushels. Such yields as reported above are naturally the best in localities in which thrashing has begun, but are regarded as unusual, inasmuch as the yield throughout the State generally averages around fourteen bushels per acre.

Indianapolis Stocks —July 25 Bid. Ask. Am Cent Life 200 Am Creosoting Cos pfd ...... 90 ... Belt R R com 60% 70 Belt R R pfd 52 % Cent Bldg Cos pfd 98 Cities Service com 135 138 Cities Service pfd 68 70 Cit Gas Cos com 20% 28 Cit Gas Cos pfd 90 % Ind Hotel com 100 ... Ind' Hotel pfd 100 Ind Nat Life 0 Ind Pipe Line Cos 95% 98% Ind Title Guar Cos 70 80 Indpl* Ab pfd .. 50. Indplg Gas 48% 63 Indpl* ft Northwestern pfd. ... 65 Indpl* ft Southeastern pfd 00 Indpl* 8t R R 62 0a Indpl* Tol cdrtl 1 ... Indpl* Tel pfd 90 Mer Pub Util Cos pfd 84 ... Nat Mot Cos 3 Pub Sav Ins Cos 11 % ... Rauh Fer pfd 49 * ... Standard Oil of Ind *... 52 55 Sterling Fire Ins Cos 8 9 % T H I ft E com 3. 0 T H I ft E pfd 10 T H Tr ft Lt Cos pfd 93 98 Union Trae of Ind com 2 5 Union Trac of Ind Ist pfd... 20 30 Union Trac of ind 2d pfd.... 6% 9 Van Camp Prod l*t pfd 94 98 Van Camp Prod 2d pfd 100 Van Coal Cos com 2% 4% Van Coal Cos pfd 11 16 Wabash Ry Cos com 8 10 Wabash Ry Cos pfd 27 29 N Y eCntral. 99% 98% 99% 98% —Bond*— Belt R S Y 4s May. '3O 80 Broad Ripple 6* 00 09 % Cit Gas os 86 % 87 % Cit Gas 7s 100 Cit St R R 5* 83 86% Ind Coke and Gaa 6a 90 94 Ind Hotel 5* 90 *.. . Ind Hotel Cos 2d 0* 99% ... Ind North 5s 40 ... Ind R and Lt 5* 89% 94 Ind Union Trac 5s 40 ... Indpls Ab Cos 7%s 100 Indpls Col ft So 6s 96 ... Indpls Gas 5s , 85 % 87 % Indpls Lt and Ht 6s P 4 96 Indpls ft Mart 68% 03% Indpls North 5s 61 % 65 Indpls ft Northwestern 61 % 55 Indpls ft S E 5s ... Idn Shelby ft S E 6s 52 Indpls St Ry 4s .. 64 08 % Indpls Trac 4 Term 5s 86 86 % Indpls Union Ry 5s 94 ... Indpls Union Ry 4%s 94 ... Indpls Water 5s 100 Indpls Water 4%s 85% 86 Indpls Water 6%s 93 95% South Ind Power. 0s 101 ... T H I ft E 5s 69% 73 Union Trae of Ind 0s 68% 71 $2,000 Liberty 2d 4% s 98.28 Greensburg Man Dies Iy Timzs Special GREENSBURG, Ind., July 25. Harry T. Woodfill, 60, a prominent citizen here died at his home Tuesday night. He lived in Greensburg practically all his llte and for the last twenty years was superintendent of the Greensburg Gas and Electric Company. Intoxicated Driver Arrested Carl Herring, 32, of Browns burg, Ind., was arrested today by Sergeant Halstead and Patrolman Ray at New Jersey St. and Massachusetts Ave. on charges of intoxication and driving while intoxicated.

1:45 Prev. High. Lea n. m. close. Coppers— Am. Smelt.. 56% 65% ,56% 56% Anaconda .. 41% 40% 41% 41% Kermecott. . .. 34% 34% 34% 34% Utah Copper 00% 59% 60 60 Oils— Cal. Petrol.. 21% 20% 2t% 21% Cosien 37 35% 30% 87% Marland ... 37 36 % 37 37 P.-Am. Pete 02% 61% 62% 62 P-A. P. (B) 60% 58% 60% 59% Phillips Pete 23 22% 23 22% Pro. & Ref. 34% 33% 34 33% 8. Oil of Cal. 60% 60% 50% 8. O. of N. J. 33% , 33 33% 33% Sinclair ... 24 23 % 23 % 23 % Texas Cos. . 42% 42% 42 Vi 42% Amer. Can . 90 % 89 Vi 90 % 90 V* Am. Woolen 85% 84% 85% 85% Cont. Can . . 47 % 40 % 47 % 47 % Famous Play. 74% 73% 74% 73% Inter. Harr. .75% 74% 75% 75% May Stores. 70% 70% 76% 70% National E. . 60% 59% 59% 60 Owen Bottle 44 43% 44 44 S.-Roebuck.. 71 70% 71 71% U S Ind Aelo 48% 47% 48 Vi 47% Am T and T. 122% 122% 122% 122% Col Gas ... 01 % 61 61 % 34 Shipping— Am nit Corp 19% 19% 19% 19% At! Gulf 13; 12% 13 13% Foods— Amer Sugar. 03 62% 63 63 Am Beet Sug 31 ... 31 ... Com Prod ..120% 119% 119% 120% Cu Cn Su pfd 43 42 43 42% Cu-Am Sug.. 20% 26% 26% 27 Punta Alegre. 49% ... 49% 49% Tobaccos— Am Tob Cos .146% ... 145% 147 Tob Prod... 81% ... 81% 81%

GRAINS CLOSE AT DAY’STOP PRICES Market Firms Up After MidMorning Advance. By =$ nited Financial CHICAGO, July 25.—Following a dull and weak opening, grain prices rallied and after a sharp advance firmed up, all grains closing at the top price of the day. Following a noon bulge, wheat prices firmed up. Support was good, especially from eastern commission houses. The hedging pressure, which developed at the opening, causing a slump in values, was entirely obliterated when sellers, seeking profits, entered the market and found a good outlet for their supplies. A steady undertone held com at the peak of its advance. Buying was confined to shorts. Profit-takers were the only active sellers. Feeder demand was negligible. Oats, in sympathy with other grains, firmed up. The market was devoid of any features. Provisions, lacking any support, closed lower. Chicago Grain Table —July 25 WHEAT— _ Prev. Open. High. Low. Close close. July.. .98% 99% 4*7% .99% .98 Sept.. .96% 99% .90 % .98% >< Dec.. 1.00 102 .99 % 1.01% 100% CORN— July.. .90% .87% .85% .87% .86% Scot.. .70 .77% .75% .77% .76% Dec.. 64 .66% .63% .65% .64% July ATS_ 4o % 41% .89% .41% .40% Sept.. .34% .35% 34% .35% .84% Dec.. .30% .37% .36% .37% .86% July Aß 10.72 10.05 10.65 10 85 Sept. 10.92 10.92 10 80 10.80 10.85 RIBS— „ •July .. .. .... 8.42 B-50 J Sent.. 8.50 8.55 8.50 8.52 805 hye July.. .62% 64% .62 64 62% Sept.. .64% .00% 04% .66 04% CHICAGO. July 25.—Primary receipt*: Wheat. 2,477.000. against 2,704.000: cern, 819.000, against 932,000; oats. 528.000. against 894,000. Shipments; Wheat. 1,055 000. against 1.202.000: com. 573,000 against 1.960.000; oats. 600.000. again 933.000. CHICAGO. July 25 —Car lot receipts: Wheat. 032: corn, 144; oat*. 109; rye. 1; barley, 25 Cash Grain INDIANAPOLIS. July 25—Total receipts for the day. 96 cars. . Grain prices quoted f. o. b. basis. 41 %c to New York. Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were; Wheat—Through billed; firm. No. 2 red. V O ffi QO U c Corn—Steady; No. 2 white, 83 ®B4 %c: No 3 white. 82 % €£ 84c; No. 2 yellow. 83% ©84% c: No. 3 yellow ,83® 84c; No. 2 mixed, 82% @B3%c; No. 8 mixed. 82® 83 Oats—Strong: No. 2 white. 40®40%c; No 3 white. 39 % @4oc. Hay—Firm No. 1 timothy. s2o® 20 50 No. 2 timothy, sl9® 10.50: No. 1 light ©over mixed. slß® 13.50; No. 1 clover hay. $17,506 18. —lnspections „ Wheat—No. 1 red. 11 cars: No. 2 red 27 cars; No 3 red, 6 cars: No. 1 hard. 5 cars; No. 1 mixed. 1 car; No. 2 mixed. 4 cars. Total, 54 cars. Corn —No. 2 white, 20 oars; No. 3 white, 1 car; No. 4 white. 1 car: No. 2 yellow. 9 cars: No. 3 yellow, 1 car; No. 2 mixed, 1 car; sample mixed. 1 car. Total, 34 cars. Oats—No. 2 white, 2 cars. Total. 2 cars. Hay—No. 1 timothy. 4 cars. No. 2 timothy, 1 car Total. 5 ears.

CHICAGO. July 25.—Wheat No. 2 red. 99 He® $1: No. 3. 99 %c 0 $1; No. 2 nanl. 98 Ho® $1.00% . Com. No. 1 yellow 89% 089%; No. 2. 80®89%c: No. 3. 88 % Q 89c; No. 4. 88%®88%e; No. 1 mixed. 88%c: No. 2. 88% 0 88He: No. 1 „***“■ 88X @B9c: No. 2. 88% 089%Cj No. 8. 87%c. Oats. No. 3 white. 40%®42c:N0 4 40 He. Baxley. 620 86c. Rye. 63 He. Timothy, $5.50® 6.50. Clover. slo® 17.60. TOLEDO, July 25. $1 02 % ® 1 03 % . Corn—Cash. 94 % © 96%c." Rye—Cash. 07%c. Oats —Cash,4< ® 49c Barley—Cash. 72c. Cloverseed— Cash. ' $10.30. Timothy—Cash, $3.15. Alslke—Cash. $10.15. Butter —41c. Eggs —2s® 27c. Hay—s 22. Local Wagon Wheat Local mills are paying 88c for new No. 2 red wheat. Produce Markets INDIANAPOLIS. July 25.—Fresh eggs. 19o; packing stock butter, 26c; springs, 1% to 2 lbs.. 33c; fowls, straight, 18c; fowls, under 4 lbs.. 15c; leghorns, 26c per cent discount; cocks. 8c; young tom turks* 23c:-old tom turks, 18c; dudks, 6 lbs., 12e; geese, 10 lb*, up. 10c; squabs. 11 lbs. to doz . $5. Indianapolis creameries are paying 37c a lb. for butter fat. CHICAGO. July 26.—Butter—Receipts. 10.164: creamery extra, 39c; standards, 35 %@3O %c: seconds. 34 @ 36c. Eggs— Receipts, 14,858; ordinary firsts. 21@21%c: firsts, 23®23%c.' Cheese—Twins, 21 %c: Young Americas, 23 %e. Poultry—Receipts, 2 cars: fowls, lfi@23%c:* ducks, 14®230: geese, 14® 21c; turkeys, 20c; roosters, 14c; broilers. 28® 36c. Potatoes—Receipts, 201 cars; Kansas cobblers. $1,40® 1.00: Kentucky No. 1. $2; Kansas Early Ohios. $1.50; Virginia cobblers, $4.90@5. NEW YORK, July 25. —Flour, unsettled, weak; pork, quiet; mess [email protected]; lard, easy; middle west spot, $11.25011.35. Sugar, raw. firmer; centrifugal. 90 test, 7.03 c; refined, easier. Coffee. Rio, No. 7 on spot, 10% @ 10Hc; santo*. ,12X@13%c; tallow, quiet, special 0% @0 % c. Dressed poultry, easy; turkeys, 25® 42c; chicken*. 20®46c; fowls. 13@29c; ducks, 25c. Lire poultry, steady: geese. 15d; ducks. 14® 20c: fowls, 20® 27c; turkeys, 25e rosters, lie; broilers. 26@38c. Cheese, easy: State milk, common to specials. so®26%c: 9tate. skims, common to specials, 8 ®IY %c. Butter, firm; receipts. 22,419; creamery extra, 41c: special farket. 41%@42c; State dairy tubs. 35 %® 40% c. Eggs, steady: receipts. 28.712; nearby whites fancy, 41 iSfec: nearbt State white*. 20 @ 43c; to extras, 84® 33c: Pacific Coast. 28% ©39c; Western white, 20®

THE INDIANAPOLIS TIMES

DOG PIES FALL • 25 10 40 CENTS Heavy Receipts Account for Sharp Local Decline, Hog Prices Day by Day July 250-300 lbs. 200-225 lbs. 150-180 lbs. 19. 7.00® 7.25 7.30® 7.05 7.05® 7.75 20. 7.00® 7.25 7.25® 7.30 7.55® 7.70 21 7 10® 7.25 7.50® 7.00 7.00@ 8.00 23’ 7 50® 7*75 7.90® 8.10 B.lo® 8.25 24' 7 25® 75 7.75® 8.00 B.oo® 8.20 7.00® 7.35 7.40® 7.65 7.75® 7.85 A sharp break in the hog market that carried prices downward 26 to 40 cents, occurred in trading at the local livestock exchange today when reports from other market's showed heavy receipts, and a general slackening of demand. The decline affected the light end chiefly, choice lightweights dropping from a top of $8.20 on Tuesday to $7.86, with the bulk of this class selling at $7.75, as compared with $8.16 on Tuesday. Light mixed hogs sold at [email protected] and heavyweights up from $7. though generally from ,$7.25 to $7.35, at which prices their loss was no more than a quarter. The bulk of the hogs sold between $7.40 and $7.75. The day's receipts touched 14,500, inclusive of J. 323 holdovers. Sows and pigs reflected the drop, sows selling down from $6.50 and pigs down from $7. The cattle market was quotably steady, though the quality of stock received accounted for the difference in top prices paid for the better stock. Medium steers moved with exceeding difficulty, though some choice steers managed ot bring sll, while strictly prime heifers sold up to $lO. Rjceipts, 1,200. Trading in the calf alley was done at generally lower prices, due to heavy receipts of 1,000. Choice veals commanded a top of sl2. or 50 centtlower, while the bulk sold between sll and $11.50. A drop of 60 cents to $1 brought the top price of lambs down to $11.50, as compared with $12.50 on Tuesday, while sheep held steady at $6 down. Receipts. 600. —Hog*— 150 to 200 lb* S 7.75® 7.85 Medium .... 7.40® 7.05 Heavy 7.00® 7.35 Top 7.85 Pig* .... ~*... 6.50 ® 7.00 Packing now* 5.75® 0.50 ■ -Cattle Few choice steers $lO 00® 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 lb* 800® 960 Good to choice steers, 1.000 to 1,200 lbs 700® 800 Good to choice steers. 1.000 to 1.700 lbs 700® 8 00 Common to medium steers. 800 to 1,000 lb* 7.25® 700 —Cews and Heifers— Choice light heifer* $ 8.50® 10.00 Good light heifer* . 7.00® 8 75 Medium hellers 6 00® 7.25 Common heifer* 5.00 © 000 Fair cow* 4 00® 5.00 Cutters 2.75® 8 25 Cannera . .. . 2.25® 2.50 —Bolls— Fancy butcher bulls $ 6.00® 0.00 Good to choice butcher bulls 6.00® 6.60 Bologua bulls 75® 4.60 —Calve*— Choice veal* $11.50® 12 00 Good veals . 10.00® 11.00 Medium veals B.oo® 9.00 Lightweight veals 7.50® 8.00 Heavyweight veal* .......... 7.00® 7.50 Common Learies 000 ® 7.00 Top 12.00 —Nheep and Lambs— Culls ..$ 2.25® 3.25 Good to choice ewe* 3.00® 0 00 Few choice lambs 10.51)© 11.50 Heavy lamb* 9.00® 10.00 Cull lambs 6.00® 7.60

Other Livestock CHICAGO, July 25.- —Hogs—Receipts 30.000 steady to 15c lower, lop, $7.70: bulk, $d 4007 00: heavyweight. $7.1007.55: medium, $7.35 ©7.70: light. $7 ©7.70; light lights. $8.7507,00: heavy packing, smooth. So ©0.40: packing sows, rough, $6.75 ®0: killing pigs, $0,25 ®7. Cattle—Receipts, 10.000: market better grade beef steer*, yearlings and fat she stocks Btcady; other grades these classes weak. 25c lower top matured steers B*l 40; best long yearling*, $11: bulls weak to 25c lower: stockers and feeders weak to unevenly'lower: vealsr* 25 ©soc lower; packers upward to sls 60; gras* fed feeders light, yearling* and handyweight proportionately ninnerou*: few early •ale* Texas graasers. $5 ©7,60: according to quality aiid condition, bulk early yearlings. $8®0.50; few lots $lO bulk Conner* and cutters. $8 ©3.50: bulk desirable bologna bull*. SSO 5.85: bulk stickers and feeders. 90® 7; Burnt stocks downward to >4 60 and below: good meaty about steers late yesterday $7.35 on country accounts. Sheep—Receipts, 16,000: slow, fat lambs sternly to 25c lower; early top western, sl3: top natives, $1(J.75: culls steady; aged sheep steady to strong: few medium to good yearlings, $10: few choice aged wethers. $8.50. KANSAS CITY, July 25.—Hogs—Receipts. 15,000: slow: 200-210-lb. average* to shippers at $7.30, or 20®26c lower; few bids on packers 35c lower: $7.50 bid on choice and good medium-weight butchers; packing sows 26c lower; bulk, *5.85©6. Cattle— Receipts, 10,000; slow; practically no early sale* killing classes; qualtty fairly good: bulls steady: calves strong; stockers and feeders steady: few sales early; feeders, $7 ©7 45. Sheep—Receipts, 4,000: lambs weak to 26c lower: Idaho*, light sorted, $12.40; early top natives. sl2. EAST BUFFALO. July 25.—Cattle--Rc-celpts, 375; market, slow steady: Sliinmng steers. slo® 11.50; butcher grades, sß@9; cows, $2.50®6.60. Calves—Receipts, 260; market, active to 50c lower; culls to choice, $4 ©13.50. Sheep and lambs —Receipts, 200: market, active, steady; choice lambs. sl4® 14.50; culls to choice. $8©13.50. yearling*. *7® 11 50: shoe: $3 ©8.50. Hogs — RecelpV 4.880: market, steady to 25c lower; yrtrkors. sB@B 40; pigs, $7.50; mixed. [email protected]: heavies, 8.15©8.25; rough, $0®6.35; stags, $4.50©5. EAST BT. LOUIS. Jluy 25.—Cattle—Receipts. 5.00(7: market,, slow; native beef steers. $10.25: yearlings and heifers, $10; cows. $4.50® 5.26: oanners and cutters. $2.50© 3.60: calves, $11011.25. Hog*— Receipts. 19.000; market. 26 ©3oc lower; heavy, $7 ©7.50: medium. $7.20 0 7.60: lights, $7.20® 7.60; light lights, $0.25© 7.05: packing sows £5.6005.85: pig*. $0.25 ©7.25; bulk, $7.50 @7.65. Sheep—Receipts, 3,000; market, slow steady: ewes, $3 @X; canners and cutters. sl®3; wool lambs, $11.26012.75. CINCINNATI. July 25. —Cattle—Receipt*. 600: market steady, dull to weak; shippers, [email protected]. Calves—Market Ateady; extras. sll® 12.50. Hogs—Receipts. 6,000; market Slow. 25c lower) good to choice packers, $7.75. Sheep—Receipts, 3,200; market strong; extras, $4 @6. Lambs— Market steady; fair to good. [email protected]. CLEVELAND, July 25.—Hogs—Receipts, 3.500; market. 23035 c lower; yorkers, $8.25; mixed, SBO 8.23 mediurft, $8; pigs. $7.25; roughs, $5.75: stags. $4- Cattle—Receipts. 500; market, slow weak, unchanged. Sheep and, lamb* —Receipts. 500: market, steady: top, $13.50. Calves—Receipts, 300; market, steady; top, sl3. VETERAN FINANCIER IS HONORED BY WALL ST. George F. Baker Rounds Out SixtyYear Career in Street. NEW YORK, July 25.—The New York financial district paid tribute today to one of its outstanding leaders, George F. Baker, who has completed sixty years of active business' life. The flags of the New York Chamber as well as those of a number of banks were flown in his honor. Mr. Baker is 83 years old. He has been a guiding influence lit the Wall Street district, perhaps second only to J. P. Morgan. He was born at Troy. N. on March 27, 1840. Dressed Beef PricesWholesale selling prices on dressed beef. Swift ft Cos.: Rib*—No. 2,20 e) No. 8. 16c Loins—No. 2,30 c; No. 8, 16c.i Round* —No. 2, 220; No. 3, 81a Chukks—No. g, 10c: No. 8. Bc. Plate—No. 2,{6c; No.

KNIGHTS OF PYTHIAS MEET State Colored Lodge in Session at Richmond. By Times Special RICHMOND, Ind., July 25.—More than 500 delegates and visitors are attending the twenty-sixth annual session of the Indiana Grand Lodge of Knights of Pythias, colored, of North and South America, Europe, Asia, Africa and Australia, and the nineteenth annual session of the grand court of the Order of Galanthe. The conferenceopened Monday. THEORIESIDDLE WATER RATE CASE (Continued From Page 1) probably will be spread over a period of years and that the water users probably will pay It. He declined to reveal how much he receives. Sumner Clancy, another attorney for consumers, asked a series of questions tending tc show the canal was a menace, but the witness professed lgeorance of most conditions referred to. N Clancy succeeded in shaking to some extent the company's contention that large tracts of land ate necessary around' wells to prevent contamination. Hagenah, in answer to questions testified he had seen wells drilled in “swamps filled with cat-tails” and sometimes in water and that they yielded pure water. He said he ,had no knowledge as to contamination possibilities. Groninger then went back to the "fanciful figures” and Hagenah testified the 15 per cent allowed by the company for “structural” overhead was an estimate and not based on actual expenses. The city is expected to be ordered by the commission to pay f.<r all water it consumes. This action *vill be taken as a result of an agreement to pay made by the city at the water increase rate hearing before the commission. J. F. O'Donnell, an employe of the Indianapolis Water Company, testified the city uses approximately 290,936,000 gallons of water a year, for which it pays only $2,788.33. It was said the city pays at the rate of 5 cents a thousand gallons for excessisve amounts Used, the remainder being free. Fire Protection Additional At the rate of 5 penla a thousand gallons, water would cost the city $14,545.80 a year. It was said on the basis of proposed rates the city would pay $26,000. This water is in addition to that used for fire protection. The city pays S6O a year for fire hydrants and the company is asking that It pay S7O. Following O'Donnell’s testimony, William A. Pickens, attorney for the Indianapolis Chamber of Commerce, suggested that the city pay for all water.

“To which the city agrees,” added Taylor E. Groninger, counsel for the city. Appraisals of the water property covering a wide range of figures were before the commission as the sixth day of the hearing started. Hagenah declared he believed the property should be valued at $18,000,000 for rate making purposes. Average Valuations The city is contending the property is worth less than $11,000,000. Hagenah gave varlnus valuations, based on average prices over periods of years. Based on average prices for five years ending with 1921, the value would be $23,270,543, he testified; on a ten-year average ending with 192 b, $18,755,456; as of Oct. 1, 1922, $22,182,193. Hagenah declared $500,000 was Included as the value of the right to uso water from the river. He also included $2,000,000 as “going value” and $255,000 as working capital. The usual 15 per cent for "structural overhead” was included. In his final figure of $18,000,010, however,, he took $1,416,000, the figure fixed by the commission for water rights and going value. Commission’s Order Withdrawn Commissioner Oscar Ratts, presiding in the case, withdrew from the record the, order of the commission fixing the valuation of the water property at $16,455,000. This order was put in the record by Commissioner Glenn Van Ailken the first day of the hearing over the vigorous protest of the city and lawyers representing consumers. The city is contending this valuation is too high and has no bearing on the present case. William A. Mclnemy, attorney for the water company, said when the order was introduced that If the commission had not put it in the record he would have Introduced It as a part ►of his case. It was expected he may now dp this. Long to Address Bible Club. “The Fiction Called Hell,” Is the title of an address to be given tonight by Dr. S. Edward Long, head of the Bible Department of Indiana Central University bfeore the Men's Bible Investigation Club at their bean supper at the Y. M. C. A. tonight. Audit Board Secretary’s Books Audit is 'being made by exai&lners of the State board of accounts of the books of Deixltt V. Moore, former secretary of tire State board for registration and examination of land surveyors and engineers, who resigned several weeks ago. It is said to be the first examination made since creation of the board. Flies Libel Against Whisky District Attorney H. E. Elliott has filed a libel ftgalnst 384 quarts of whisky stored In the Bedford postoffice. The liquor had been consigned lfi lard cans marked as fruit sirup from Jacksonville, Fla., to St. Louis and was seized at Evansville. Automobile Stolen. William Bleckner of the Hotel English told police his automobile was stolen from Monument Circle. Carlisle Melons Ready By Times Special CARLISLE, Ind., July 25.—Decker and Carlisle cantaloupes are now ripening in quantities knd are ready to be shipped north. Some have been on the local markets for several davs.

COUNTY COUNCIL OPPOSES FESLER ON EXPENDITURES ________________ Action on Colored Orphans' Home Delayed Again. Postponement of action on the new colored orphans’ home to be located on Twenty-Fifth St near the Monon Railroad and refusal to approve appropriation recommendations or Leo K. Fesler, county auditor, marked the meo/ing of the Marion County council %iday. Cnoferences of the council, county commissioners and the auditor will be held every Friday night until a plan is.settled upon f6r the orphans’ home, it was announced. About fifty citizens appeared before the council today in regard to the home. Without exception, they werr in favor of the "cottage plan” of construction as against the regular institutional plan. Among those who spoke in favor of the cottage plan were Judge Frank J. Lahr of Juvenile Court, R. L. Brockenburr, Charles W. Moores, Isabelle Summerville, Prof. Howard Jackson of Butler University and the Rt. Rev. Francis E. Gavisk, rector of St. John’s Catholic Church. Members of the council vetoed many recommendations for appropriations made by Fesler. There was a marked tendency on the part of the councilmen to critflcizq the auditor for expenditures. Emsley W. Johnson, attorney, said that many expenditures were justified by the emergency existing at the time they were made. Marriage Licenses John H Beer, 37. 2401 Olney Ave.; Laura M Riggs.,23. 844 N. Keystone Ave. Rista Velichkfe. 36. 542 W. Mrayland St.: Ella I-aughlin. 10. H F. D. P. Box 354. Peter Majors. 23. 418--W. North St.: Hazel Williams. 24. 318 W Michigan St. Joseph Kaplan. 26. 19 W. Maryland St.; Tlllie Aronstam. 21. 117 W McCarthy St. Joshua Sawyers. 42. 1925 Ralston Ave.; Lena L Woodard, 20, 1420 E. Maryland St. Charles g. Guerr-itaz. 20. 341 Elder Ave.; Clara Lang V 4. 410 E. Thirty Third St. Morris Stout. 20. 4714 Carrollton Ave.; Mirlan Medcalf. 10. 914 Park Ave. Albert J. Steinberg, 30. J. M C. A.; Vera R. Brown. 19, 1013 Rembrandt St. Roy SprecUelmeyer, 20, 23 N. Lyons St.; Alma Shutters, 22. 609 N. Emerson Ave. , Births Girl* Roy and Helena Gorman. 629 N. East. Cecil and Greta Gardner, city hospital Julius and Florence Kienlnger, 1710 Cruft. Jacob and Mary CJ-osley. 2172 N. Illinois. Otto and Caroline Neff. 2222 E. Tenth. Carlton and Grace Thayer. St. Vincents Hospital. Orlan and Alia Walker. Bt. Vincent* Hospital. Harley and Carrie Robertson. 1105 W. New York. . Boys Valentino and Louisa Hey. 2019 Massachusetts. Charles and Nell Dawson, Clark-Blakealce Hospital. Krjyik and Eurene Lent*. Deaconess Hospital, Clayton and Eva Buchanan, 144 4 8. Alabama. Edwnrd and Elizabeth Keller, city hospital. Bud and Peaijl King, city hospital Otto am] Ester Sluder, city hospital. Edward and Charlotte Coleman, city hospital. Jesse and Martha Scotten. 2801 Shrtver. Howard and Olar* Handin. 729 llaugh. Duke and Alice Hanna. Methodist Hospital. Lewi* and Ruth Kirkoff, 47 N. Hawthorne. Vernon and Polly Taylor. 927% River. Deaths Lewis E Short, 55, 415 N. Delaware, acute Interstitial nephritis. Carl McDowell, 43, 418 Parkway, acute myocarditis. Beveridge Rlngeir, 18. Robert Long Hospital, empyemia. Albert Lamping. 20. 805 lowa, pulmonary tuberculosis. Anna M Coffin, 41, 1534 Harlan, acute dilatation of heart. Theresa E. Norton, 60. 415 N. Stats, carcinoma. \ Sallie Scott. 40, city hospital, lobar pneumonia. Isaac Bosengarton. 58. 3033 N. Illinois, cerebral apoplexy. Ellzia C. Chitwood, 60. 2158 Station, gottra Clara J. Buck. 04, Nineteenth and College. chronic myocarditis Edwin Zabn, twelve hour*. 1806 Madison, premature birth.

Building Permits E. D. Stonehouse, dwolllng, 352 Burgess, $4 500. Henrv ft Robins, dwelling, 3023 Nowland. $4,600. Henry ft Robins, dwelling, 3027 Nowland, $4,600. Charles Zieglie. double, 3*oß E. Twentieth, 94.000. L. 8. Richardson, dwelling. 4534 Carrollton. $0,500. W J. Dooley, gaarge, 8105 MacPhresno, $250. Anna Kealing. double. 32 N. LaSalle. $7,000. “ Volnev W. Kirkpatrick, dwelling. 5238 Park, $6,500. Volncy W. Kirkpatrick, dwelling. 6242 Park, $6,500. L. M. Peterman, roroof. 3538 Salem, S3OO. Columbia Building Company, dwelling, 4549 Wiuthrop, $5,000. Patton Construction Company, double. 2235 Ludlow, $2,800. Patton Construction Company, doublet 2037 Ludlow. $2,800. Oran K. Bentiey, garage. 2750 N .Gile, S2OO. v Oran K. Bentley, garage, 3750 11. Gale. $2,750. Fred Bishop, garage. 418 Highland S2OB. Benjamin Eilering, repairs. 1157 Evlson. SI,OOO. Otis Moody, garage. 2052 Burton, S2OO. Mrs. M G. Schaefer, addition, 50 S. LaSalle. SBOO. Morris Wohlfleld, addition. 1828 N. Alabama, $550. Morris Wohlfleld, addition,. 1820 N. Alabama. S2OO. William H. Eliker, garage, 27 N. Gldastone, S2OO. N. C. Huffman, addition, 734 Madison, $400.' E. Laglior, basement. 27 N. Walcott, S7OO. C. O. F.nochs, addition, 3826 B. Washington. S6OO. C, H. Guypn, garage, 628 N. Linwood, S2OO. Dillard Drake, addition, 935 N. Olney, S3OO. Western Wrecking Company, wreak, 905 N. Meridian, S3OO. John Barton, repairs, 1618 N. Delaware, $250. A. M. Bristor, double, 1612 N. Alabama, $2,500. McNamara Construction Company, garage, 315 Patterson, $2,500. Bertha’ Campfleld, dwelling, 4255 Gullford $5,000. Mrs. J. F. Fichter, garage, 1615 E. Michigan. $519. Homer Whitsitt. dwelling, 411 N. Bosart, $4,200. Mrs. E J. Brattain, garage, 6879 Broadway, SBOO. Charles Morrow, t®rage, 4008 Brookvtlle. S3OO. Central Public Warehouse Company, gas tank, 687 Kentucky, S3OO, W. H. May, remodel, 2142 Shelby, $250. Louisa Lang, repairs. 1841 S. East, $3lO. West Baking Company, addition, 10 8. Oriental, S2OO. Lee Hoover, garage, 1828 Central, SSOO. ' C F. Pritchard, Building, Thirteenth and Collins. SSOO. V. L. Sherman, shed, 2129 W. Jackson, S2OO. x Tire Stolen From Car A tire belonging to Herbert Todd, 1464 N. Peimsylvanla St., was stolen from his nMKne while it was parked In front os.gLho*ne. The tire was

Stepping Out! By United News NEW YORK, July 25.—Either Jess Willard's purse strings have snapped in his old age or the Plaza Hotel has used a knife to its rates. For Willard, who lived at mod-erate-priced and not at all pretentious hostelries here, even when he was champion of the world, has moved into the Plaza on Fifth Ave. since he collected his huge purse for the fight with Luis Angelo Firpo. “But I’m not going to be here long,” Willard said. “I’m going to California shortly. I’m having some fun for the first time since I came up from Kansas to be a fighter."

EIGUT-CENJ LEVY RAISE ANTICIPATED Increase Over 1923 Would Bring Figure to 95 Cents, An increase of eight cents is anticipated by Richard O. Johnson, public school business director, in the city school tax levy for 1924. The levy for 1923 is 86.3 cents. The increase would raise the levy to approximately 95 cents. Tho financial statement for the school year ending June 30, shows that $7,569,448.32 was required. The balance was $584,445.73, with all temporary- loans paid. Anew bond issue of $1,650,000 for buildings and improvements raises the bonded indebtedness to $10,173,750.

MAN IS HURT IN FALL Topple* From Roof of New House on N. Meridian St. David Atkins, Cincinnati, Ohio, was seriously injured today when he fell twenty-two feet from a hoisting apparatus at a house in construction on Meridian near Forty-Sixth Bt. Insecure fastenings on a pole across tho roof of the house wear egiven by police as the cause of the accident. Adkins was taken to the Methodist Hospitalr Officers Okey and DeVault investigated. Chicago Writer Stops Here. J. Frank Pickering, Chicago lecturer, writer and traveler, stopped at Riverside tourists' camp today. He is viewing, with his wife and daughter Phyllis, the beauty spots of Indianapolis. Pickering has toured over 100,000 miles in the western Rockies and has collected thousands of lecture views, said to be one of the finest collections In the world. Veteran Comes Far for Reunion Tllford Dagger of Pasadena, Cal., who saw continuous service during the Civil War as a member of the 154th Regrifhent, Indiana Volunteer Infantry, was among the ninety-seven survivors to answer roll call at the fortyfirst annual reunion of the organization at Frankfort today. Indianapolis sent about a dozen men to the reunion.

NOTICE TO PATRONS Through error we announced a private showing of furs to begin today, Wednesday. t We regret to announce this showing will not be held as announced. The Wm. H. BLOCK CO.

'and LIBERTY BONDS "{*• SELL 415 UEMCKE BUILDING | I SuO GOOD GOODS (apital Gti) Ibint 100 PER. CENT * PURE protwfb the surface and increases the vdut of property by kn proving its ✓fv \ appearance. /IV. Capital City Paint is decidedly ef/nwnb IV ical to use and may be depended upon \ j for the best results in general appearance | a | )| It wiU be to your interest to take op \\ | I j / painting matters with our nearest deale*. 4m & Color Company , INDIANAPOLIS, IND. ■

PROHILEADERS FEAR WET CONTROL OF NEXTCONGRESS By C. A. RANDAU By Times Special WASHINGTON. July 25.—Prohibition leaders are becoming concerned over the possibility that they will be unable to control the legislative machinery in Congress when the next session opens in December, owing to the fact that both in the Senate and in the House pronounced “wets” are in line for chairmanships of the Judiciary Committees. In the Senate, the recent deaths of Senator Knute Nelson of Minnesota, former Chairman of the Senate Judiciary Committee, and of Senator W- P. Dillingham, ranking Republican member of that committee, have placed Senator Frank B. Bran degee of Connecticut directly in line for the chairmanship. Unless precedent is broken, Senator Brandegee will be in a position to pigeon-hole many of the measures the days are now drawing up for presentation to Congress in tho next session. He not only voted against the Eighteen V Amendment, but voted “No” on the >lstead Act and also on the Willis Campbell anti-beer bill. He is wet, and doesn’t care who knows it, wherein he differs from many other potential wets. k In the House, the Judiciary Committee will be headed by Representative George S. Graham of Pennsylvania, unless the drys are able to muster enough votes to break the precedent which is that committee chairmanships shall go the highest ranking member of the majority party. In the last Congress this important committee was headed by Representative Volstead, and it was in no small part due to his strategic position In this capacity that his anti-liquor bill was piloted through the House. Like Senator Brandagee, Representative Graham is opposed to prohibition. He voted against the Eighteenth Amendment and was recorded as “not. voting" on the Volstead act and the eanti-beer bill. Legislation bearing on prohibition questions is bound to come up before Congress, regardless of the leanings of committee chairmen, but the fear of the drys Is that their own special program bearing on more rigid enforcement and on ship liquor laws will find heavy going before it comes up for open discussion. couch” remains in jail Ex-Cnstodlan of Storehouse Still Unable to Get Bond. Roy M. Couch, 85, of 4465 Guilford Ave., former custodian of the Statehouse, who was arrested July 20, still was In Jail today. Couch, charged with embezzling State funds, has been unable to obtain $5,000 bond- The State board of accounts charges Couch is short more than $9,000. The grand jury is understood to be investigating while Couch awaits hearing in city court.

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