Indianapolis Times, Volume 35, Number 69, Indianapolis, Marion County, 1 August 1923 — Page 11

WEDNESDAY, ATTG. 1, 1923

SHARP RALLY IS ENJOYED BY MANY ’ MARTFAVORITES Over-Night Buying Orders Boot Opening Prices One to Three Points. The WALL STREET JOURNAL NEW YORK, Aug. I.—Activity and strength were displayed at the opening of the stock market today, leading stocks showing over-night gains of 1 to 2% points. The first double opening in a long time took place in Studebaker at 103 and 102%. Overnight news was generally good, including improvement in the President's condition and good industrial earnings statements. Cosden, center of the oil selling Tuesday, came in for improvement, following dividend declaration. First Hour Strength developed toward the end of the first hour with no decrease in activity and all leading stocks rallied sharply with gains of 1 to 2 points from prices made on the early reaction. Opening strength apparently caused some uneasiness among those holding a short position and such leaders as Can, Baldwin, Studebaker and American Locomotive rallied easily on | buying orders. Studebaker reached 102%. up 1% from its price at 10:30 o'clock and other gains were in proportion. Second Hour Firmness in the market continued up to the noon hour with the leaders around the best prices of the morning. Activity slackened, however, while a large section of the Street turned its attention to the Government's cotton report, which was bullish, causing cotton options to ad vance sharply. Steels were the best performers as a group. United States Steel selling around 87, Bethlehem around 47 and Republic fractionally higher at 42ViNoon Hour

Firmness continued into the noon dealings on a fair amount of activity, with improvement noted in some issues which have been prominently weak during recent declines. This was particularly true of Northwestern rails, which were fairly active and strong, three of them. Great Northern. Northern Pacific and Chicago & Northwestern, being up 2 points each from their previous closing figures. Reduction in call money also proved a further help to speculative sentiment. Fourth Hour Stocks continued to maintain gains scored during the morning, though the volume of activity slumped appreciably. This, however, was regarded as an encouraging factor- as periods of dullness in recent sessions have 'given rise to selling outbursts, bu. tne whole list remained relatively free of selling pressure. Steel continued as the market leader and the outstanding issue of trading, due to its two-point gain. Evidences of short covering cropped out in many sections. Closing Hour Though trading continued to lessen toward the close of the session, there was no evidence of weakening in any of the leaders of the day’s trading, and the final gong found most of the favorites at or about their best levels of the day. Many traders who were permanent sellers on recent declines covered a lot of stocks, while mail order houses reported substantial gains in July statements. The day was one of extremely uncomfortable situations for the bears. Local Bank Clearings Indianapolie bank clearings Wednesday were $3,809,000: bank debits.were $6,019,000 Foreign Exchange Bv United Financial NEW YORK. Aug. I.—Foreign exchange closed lower. Sterlings, demand, $4 56%. France, demand, 5.73 c. Lire, demand. 4.32 \c. Belgian, domand, 4.00 c. Marks. 1.052.630 to the dollar. Czechc. demand. 2.94 Vj c. Swiss. demand. 17.80 c. Guilders. demand, 39.28 c. Pesetas, demand, 14 09c Sweden, demand. 26.58 c Norway, demand. 15.96 c. Denmark, demand. 18.11 c. Produce Markets INDIANAPOLIS. Aug. I.—Fresh eggs, 19c: packing stock butter, 26c: springs, 1 1 % to 2 lbs.. 33c; fowls, straight. 18c: fowls, under 4 1b6.. 15c; leghorns. 25 per cent discount; cocks. 9c; young tom turka, 23c- old tom turks, 18c; ducks. 5 lba.. 12c: geese. 10 lbs. up 10c: squabs. 11 lbs. to doz $5. Indianapolis creameries are paying 37c a lb. for butter fat. CHICAGO. Aug. 1. Butter—Receipts. 10,478: creamery extra. 89 <3 40c: standards, 40%c: firsts, 36%@37%c: seconds. 350 36c. Eggs—Receipts, 17,409: ordinary firsts. 22% @ 23c; firsts. 24 %024 %c. Cheese—Twins. 21 <2 21% o; young Americans. 23% ® 24c. Poultry—Receipts. 3 cars: fowls. 17® 21c: ducks. 14® 24c; geese. 16 ®21o; springs. 29c; turkeys. 20c: roosters. 14c; broilers. 25c. Potatoes—Receipts. 165 cars. Quotations: Kansae cobblers. $1.60 ® 1.85:; poorly graded. $1.5001.00: Kansas early Ohios, $1.50 U 1.70; Virginia cobblers, $5. CLEVELAND, Aug. I.—Butter—Extra in tubs. 44% 046%c: pdints, 46@47e: first*, 42%®43%e: packing stock. 30® 32c. Eggs—Fresh gathered northern extras. 88c; western firsts, new cases. 24%0. Poultry—Heavy fowls. 25; light fowls, 18 ®20o; cocks, 14® 15c: broilers. 35c: ducks, springs. 250. Potatoes—Virginia cobblers, $5.50 per barrel; $3.40®3.50, per 150-pounds. NEW-YORK. Aug. I.—Flour, quiet, unsettled: pork, dull: mess. 525®25.50: lard, quiet: middle west spot. sloißo® 10.90. Bugar. raw. weak; centrifugal. 96 test. 628: refined, weak; granulated. $8.25. Coffee— Rio No. 7 on spot. 10%®10 s 4e: Santas No. 13 14c; tallow, inactive special. 6%@ 6%c: city. 5 Sic. Dressed poultry, firm; turkeys. 25@42c; chickens. 24® 45c: fowls. 14 0 30c: ducks. 26c.. Live poultry, dull: geese, 15c: ducks. 14® 26c: fowls, 19® 260; turkeys. 25c; roosters, 15c: broilers. 26®38c. Cheese, weak: State whole milk, common to special. 18®26c' State, skims, common to specials. 8® 17c. Butter, steady; receipts. 15.686: creamery extra. 42c: special market. 42% ® 43c: State dairy tubs. 35 041 %c. Eggs, firm: receipts, 23.973: nearby whites, fancy, 44® 47c: nearby State whites. 26®45c: fresh firsts to extras. 25%% 34c: Pacific Coast. 28® 39c: western white. 26® 45c: nearby browns. 34®41c. New York Money Market By United Financial NEW YORK. Aug I.—Commercial paper market quiet. Prime names 5 per cent: other rames 5% per cent. Bulk of business at 5% per cent. Time money at 5% per cent. Dressed Beef Prices Wholesale sellm.T price* on dressed beef, swift A Cos.: Rib*—No. 2. 20c; No. 8. 16c. Loin*—No. 2. 30o: So. 8,16 c. Round* —No. 3. 82 c: No. 8, 18a Chuck* —No 8. 4c.

New York Stocks (By Thomson 3 McKinnon) —Aug. 1—

Railroads— At. 1:45 Prer. High. Low. pm. close. Atchison ... 95% ... 95% 94% B. & O. 47Vi 46% 47% 46 Can. Pac... 145 144% 145 144% C. * N. W. R. 84 62 64 62 C.. R. & P.. 22% 20% 22% 20% Gt. Nor pfd. 57% 56 07% oo % N. Y. Cen.. 97% 96% ?7 96 Nor. Pac.... 69 ?£•. 7 A Pere Marq.. 40% 40 -9. Reading .. . . 74% 73% <4% <3-. South. Pac.. 85% 8: 85% 80% St. Paul pfd 29 27% 89 27% Union Pac .127% 120% 1“?% Wabash pfd. 25% 24% 2o % 35% Rubbers— Kelly-Spg.. • 31% 29 31 30% V. 8. Rubber 40% 33% 39% 40% Equipments— A. C. A Fd. 155% 155 155% 153% Am Loco 69 % 08 60 % 6 1 Bald. Loco. 13§% 11214 113% JiJjf s Gen. Elec. .. 173% 173 .... 1.2% Lima Loco.. 61 60 61 60 Pullman . . 113 .... 113 110 .V West. Elec.. 65% 54% 55% o 4 % Bteels —■ Bethlehem... 46% *8 46% 45% Crucible .... 61 59% 61 59 Gulf States.. 69% 67% 69% 67 Rep. I. & Stl. 43% 43 43% 42 U. S. Steel.. 87% 80 87% 85% Vanadium .. 27V4 26% 27% 26% Motors — Chandler M . 47% 48 48% 47% Gen. Motors. 14 13:* 1.1% Max M “A” 37% 37% 37 Studebaker ..103 101% 102% 100% Stewart-W.. .. 80% 84 85% 84 Mining— Dome Mines.. 34% 34% 34% 34% Int. Nickel... 12 12 12 Coppers— Am. Smelting 54% r>4 03% Anaconda ... 39% 39 39% 39 Kenneeott.... 33 33 32 %

GRAINS (MILE STEADYADVANCE Selling Pressure Toward Close Lowers Prices. Bu l nited Financia l CHICAGO. Aug. I.—Grain prices closed higher on the Chicago Board of Trade today. * Continuing on the advance throughout the session, wheat prices suffered a slight recession in values at the close. This was attributed to favorable crop news emanatAig from the Northwest. Canadian advices showing warmer weather prevailing after a night of snows and lower temperatures, and American news declaring crops In better condition despite a prevalence of rust. Thrashing returns continued unfavorable in Kansas, Nebraska and parts of Oklahoma. The buying power, which was responsible for the upturn in values, waa found to be lacking at the close, profittakers finding the market lacking any support. It was quite apparent that the general confidence of the market, shattered by the unrest among the farmers, remained unchanged. Corn was under considerable selling pressure at the close, but it was not sufficient to cause any drastic slump in premiums. Favorable news from over the belt nad a depressing effect as did reports of rain over the Southwestern area. The danger of crop "firing" has been lessened as a result of these rains. The cash demand was less urgent, Kansas City reporting a falling off In demand for all grains. Oats, with lack of speculative demand and good crop news, lost some of its earlier gains, but closed higher. Provisions maintained a strong undertone throughout the day, despite some realizing salee due to an easier feeling In the hog market and slacking In foreign demand.

Chicago Grain Table —Aug. 1— WHEAT— PreT. Open. High Low. Close. close. Sept.. .98% .98 \ .06% .98'4 .97 % Dec.. 1.00 1.01% .9% 101% .98% May.. 104% 106% 1.04% 1.05% 100% CORN — Sept.. .76% .77% .78 .77% .90 Dec.. .63% .64% .03% .63% .85% Mr. 64% .65% 64% .65% 63% OAT 9 Sept.. .34% .35% 34% .36% 41 Dec . 36% .37% .36% .37% .34% May 39% .40% .39% 40 .36% LARD— Sept. 10.75 10.93 10.67 10 85 10.42 RIBE— Sept. 8.20 8.25 8.00 8.20 7.95 x>YE~ Sept.. .64% 64% .64 .64% .63% Dec.. .66% 67% 66% .67% .63% CHICAGO. Aug. I.—Primary receipt*: Wheat. 3.805.000 aramst 3 175.000: corn. 1.244.000 against 1.160,000: oat*. 719.000 against 849.000. Shipments—Wheat. 976.000 against 2.152.000; corn, 444.000 against 2.178.000; oats. 447.000 against 792.000. CHICAGO. Aug. I.—Car lot receipt*: Wheat. 630: corn, 245; oats. 90; rye. 1; barley, 15. Cash Grain INDIANAPOLIS. Aug. I.—Total receipts for the day, 80 cars. Grain price* quoted I. 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 steady; No. 2 red, 90@ 92c. Corn —Firm; No. 2 white, 81%@82%c; No 3 white. 81@82c; No. 3 yellow, 82% @B3c: No. 3 yellow. 82@82%e; No. 2 mixed. 81@82c; No. 3 mixed, 80%@81%c. Oats—Firm; No. 2 white, 40@41%c; No 3 white. 39 @ 40c. Hay—Firm; No. 1 timothy, $20(320.50; No. 2 timothy. $19319.10; No. 1 light clover mixed. $lB 018.50; No. 1 clover hay. $17.60@18; new hay. [email protected] under old. —lnspections Wheat—No. 1 red. 2 cars; No. 2 red. 31 cars: No. 3 red. 17 cars; No 4 red, 3 car*; No. 1 hard, 1 car. 1 car; No. 2 hard, 1 car; No. 3 hard, 1 car; No. 2 mixed. 2 cars; No. 3 mixed, 1 car. Total, 50 cars. Corn—No. 2 white, 2 car*; No. 3 white, 1 car; No. 2 yellow. 8 car*; No. 4 yellow, 1 car; No. 2 mixed, 1 car. Total. 13 cara. Oats—No. 2 white. 3 cars. No. 3 white, 3 cars: No. 4 white. 2 cars. Total, 8 car*. CHICAGO. Aug. I.—Wheat—No. 1 red. 98 %o; No. 3. 98 % 0 99c; No. 2 hard, 97% <399He: No. 3, 98@98%c. Corn—No. 1 yellow. 88%c; No. 2. 88%@88%c; No. 3, 88c; No. 6, 87@87%c; No. 1 mixod, 87c; No. 2. 87c; No. 2 white, 87 %c. Oats— No. 3 white. 38 %@ 39 %c; No. 4. 37%® 37 %c. Barley—s 6 0 66c. Timothy—s4.7s 05.60. Clover—sls @l7. ST. LOUIS. Aug. 1. —Wheat—No. 1 red, 97@98%c: No. 2. 96%@97%c; No. 3. 95 % <3 96 %c: No. 4. 94%@95%c; No. 5. 95%c; No. 1 hard, 97%@98c; No. 2. 97c; No. 3, 95 %c; September. 95 %c; December, 99c. Cron—No. 2 white, 88c; September. 76%c; December, 63c. Oat*—No. 2 white. 44@44%c; No. 3. 42%@43c; September, 85c. TOLEDO. Aug. I.—Wheat—Cash, sl.Ol @1.02. Corn—Cash, 91% @94 Ho. RyeCash. 89c. Oat*—Cash. 46% 6 47c. Barley —Cash, 72e, Cloverseed—Cash. SIO,BO. Timothy—Cash. $3.20. Aleike—Cash, $10.15. Hay—s 22. Grain Briefs CHICAGO. Aug. I.—Heads of western railroads in conference here refused the request of western grain shippers for a temporary reduction in freight rates on export wheat and flour. Cool weather now prevalent in the Saskatchewan wheat belt is expected to reduce materially the rust menace, the Canadian government report declared. The American crop 1* sufficiently good

I:4S Prer Hleb. Ls*. a. m. close. OU Cal. Petrol.. 18% 18% 18% 18% Cosden 31 % 30 % 31 % 38 % Houston Oil.. 44 43 43% 42% Marland Oil.. 29% 38% 29% 28 Pan-Am. Pete 59 '7% 58% 56% P-Am. Pete B 46% 55% 56% 54% Phillips Pete. 22% 22% 22% 21% Pro. and Ref. 30% 29% 29% 29% Royal Dutch. 41% 40% 41% 41% Std. Oil, Cal. 48 47% 47% 47% Std. Oil. N. J. 31% 31 31% 31 •Sinclair ... 22 21 21% 22% Texas Cos 40% 40% 40% 40 Industrials— Allied Chem.. 05 84% 65% 04% Amer Can . . 88 % 87 % 88 % 86 % Amer Wool.. 83% 81% 83% 81% Coca-Cola ... 75% 75% 76% 75% Coni Can ... 40% 45% 40% 46 Fam Players. 72% 71 72% 70% Int Harvester 72% 71 72% 72 May Stores.. 73% ... 73% 73 Owen Bottle. 42 41 % 42 41 % Sears-Roe ... 72 70 % 72 89 U S Xnd Al. . 45 % 44 % 45 % 44 % Utilities— Am T and T. 122 121% 122 121% Con Gas 01% 00% 01% 69% Col Gas 32 % ... 32 % 32 % Shipping— Am Int Corp 18 17% 18 17% All Gulf ... 11% ... 11% 11 Foods— Am Sugar.. 58% 67 58% 58 Corn Prod ..118 117% 118 117% Cu Cn Su pf. 37% 36% 37% 37 Cu-Ara Sug. . 23% 23 23% 24 Punta A'egre 43. 42% 43 42% Tobaccos— Am Tob Cos .142 141% 142 141% Tob Prod . . 48 % 47 % 48 47 % •Ex. dividend.

this year to allow a substantial amount for export. The shortage of farm band* to aid in harvesting northwestern crops Is gradually Improving, employment bureaus announce. Only a small amount of Russian r#p ■will be available for export, the atrnJW 1 tural commission of Russia declared. Contract stocks In public elevators tr. Chicago aggregate 1,524,000 bushels, an increase of 841.000; com. 90.000 bushels, an increase of 15.000; oats. 839,000, increase 562,000. Despite reports that France would make no importations this year, it is declared she will have a wheat deficit of seven to eight million quintals. Local Hay Market Loose hay—s2lo 23; bale*. *2o® 22: heavy mixed hay. sl4 022; light mixed hay. slß@2o. Local Wagon Wheat Local mills are paying 87c for new No. 2 red wheat. Business News NEW YORK. Aug. I.—Following the special meeting of the board of directors of the Minneapolis A St Louis Railroad, held Tuesday. Pierpont V, Davis, vre president of the National City Company, took the lead in forming a stockholders protective committee to work in opposition to the committee formed by Newman Erb of Boston a large stock and bondholder. At a forced xote. the board of directors approved the appointment of President 14. H. Bremner. recently made receiver by a Minneapolis court Erb. after losing out In his battle against Bremner In the board meeting, announced hia intention of going to Minneapolis to -arry on his fight The vote approving of Bremner s selection as receiver will be presented at a hearing on the question in Minneapolis. NEW YORK —Two prominent tire cor porations are mentioned in connection with the rumor that tire prices will be cut In the near future. Officials of the Firestone Company are understood to have considered the m.-itter recently and then abandoned it. The New York headquarters of the Goodyenr Company, the second organization figuring in the rumors, ha* sent word that news of an impending cut has been received by that office. NEW YORK —Following announcement that interest due today on Minneapolis A St. Louis Railroad refunding and extension mortgage 5 per cent gold bonds, series A 1 1026. will not be paid at due date, the gov ernors of the stock exchange ordered that until further notice these bonds must tw dealt in "flat" and until further notice must carry Aug 1, 1923. and subsequent coupons to be a “delivery." NEW YORK—A private wire from New Orleans gives Hester's cotton figures as follows: Consumption this year, 12,831,000 bales against 12.829.000 last year; carryover. 2.553.000. against 4,879.000; commercial crop this year. 11.283.000, including Hnters, agenist 11,053,000: actual growth this year. 10.424,000, against 8 442.000. WASHINGTON —Government report says: “Continund hot and dry weather over Texas and Oklahoma was detrimental to best crop growth, while frequent showers and much cloudy weather over portions of central gulf States were likewise unfavorable. Over more northern and eastern portions of the cotton region weather conditions were more favorable.” NEW YORK—Pig iron is still quoted at $25 furnace in the eastern market, the lams as last week's figure, with shading* on some large tonnages Opinion of some local dealers Is that market has practically reached bottom. In many cases quotations do not cover cost* of production, with the exception of certain large makers.

Indianapolis Stocks —Aug. 1— Bid. Ask. Am Cent Life ..200 Am Cresoting Cos pfd. ....... 96 ... Belt R R com 08 69 Belt R R pfd 52 % ... Cent Bldg Cos pfd 9| Cities Service com 12# 132 Cities Service pfd 63 % 65 Clt Gas Cos com 26 27% Cit Gas Cos pfd 99% 103 Ind Hotel com 100 ... Ind Hotel pfd .100 Ind Nat Llle 6 ... Ind Pipe Line Cos 95 98% Ind Title Guar Cos 70 80 Indpls Ab pfd 50 Indpls Gag 49 52% Indpls & Northwestern pfd.. 47% ... Indpls A Southern pfd 50 Indpls St R R 60 64 Indpls Tel com . 1 ... Indpls Tel pfd 90 ... Mer I’ub Util Cos pfd 77 Nat Mot Cos 1 2% Pub Sav Ins Cos • 12 ... ltauh Fer pld 49 ... Standard Oil of Ini 49% 51% Sterling Fire Ins Cos 8 T H I & E com 2 5% T H I & E pfd 11% 15% T H Tr & Lt Cos pfd 97% Union Trao of Ind com 2 3 Union Trac of Ind Ist pfd... 18 28 Union Trac of Ind 2d pfd. 5 8 Van Camp Prod Ist pfd 100 Van Camp Prod 2d pfd 100 Van Coal Cos com 2 % 4 % Van Coal Cos pfd 11 15 Wabash Ry On com 6% 8 Wabash Ry Cos pfd 24 27 —Bonds— Belt R S Y 4s. May. ’3O 80 Broad Ripple 5s . 68 70 Cit Gas 5s 86% 88 Clt Gas 7t 100 102 Cit St R R 5s 82 84 Ind Coke and Gas 6* 90 94 Ind Hotel 5s 90 ... Ind Hotel Cos 2d 6* 89% ... Ind North 5* .. ... Ind North 6s , ... Ind R and Lt 5s f.. 89% 94 Ind Union Trac 5* 40 Indpls Ab Cos 7% s 100 Vi 105 Indpls Col A So 6s 96 100 Indpls Gas 5s ?.... 85 88 Indpls Lt and Ht 5s 94 96% Indpls A Mart 68% 63% Indpls North 6* 60 56 Indpls A Northwestern 60 55 Indpls A S E 5 40 Ind Shelby A S E 5* 62 Indpls St Ry 4s 64% 67 Vi Indpls Trac A Term 5s 80 85 Indpls Union Ry 6s 94 % ... Indpls Union Ry 4%5.... 94% ... Indpls Water 5s 100 ... Indpls Water 4%* 85% 88% Indpls Water 5%s 93% 95% South Ind Power 6* 101 ... T H I A E 5s 68 72% Union Trac of Ind 0s 60 69 Raw Sugar Market Bu Vnited Financial JTEW YORK, Aug. I—The raw sugar future* market opened lower. September. [email protected]. The Federal Sugar Refining Company has bought 12,000 bags of Cuban raw ugar at 4%c ands. off %e. Gloverseed Market Cloverseed was quoted at $7 @lO a bu. In Indianapolis.

THE INDIANAPOLIS TIMES

SHARP ADVANCE IS MADEBY HOGS Urgent Shipping Orders Force Prices2s to 40 Cts. Higher, Hog Price* Day by Day July 250-300 lbs. 200-235 lbs 150-180 lbs. 20 7 00® 7.35 7.40® 7.65 7.70® 7.83 27. 7.00® 7.35 7.40® 7.75 7.75® 7.90 28 7.00® 7.50 7.60® 7.80 7.80® 8.00 30 7.00® 7.25 7.30® 7.65 7.65® 7.75 31. 7.00@ 7.35 7.40® 7.05 7.66® 7.80 Aug I. 7.50® 7.75 7.85® 8.05 8.05® 8.15 An advance that carried hog prices trading: at the lofcal livestock ex change today when shipping orders for outside account poured into the yards, following news of light receipts at other markets. Lights advanced to a top of SB-15 as compared with Tuesday's top of $7.85 and light mixed Improved at an equal rate. Heavies sold up generally from $7.50 to $7.55 and mixed hogs from $7.85 to $8.05. The bulk of the day's re celpts of 7,500, inclusive of 987 holdovers moved between $7.85 and SB.IO, which showed an advance on the bulk averaging about 30 to 35 cents. Sows and pigs reflected the general increases. pigs finding ready market at $T 50 down while sows sold ( ilown \ from $6.75. Trading In the cattle alley was at generally steady quotations, though the quality of stock received was not up to Tuesday’s standard. Steers of j the choice variety sold down from sll i and prime heifers down from $lO, but medium grades experienced laggard selling due to decreased demand. Receipts 1,000. The calf market lost 50 cents, j choice veals selling at a top of sl2 | and the bulk from sll to $11.50. ReJ eeipts 700. The sheep and lamb market was quotably steady. 25 to 50 cents higher, lambs having sold down from sl2 and sheep down from $6. Receipts 400. —ll<> tv —• ! 150 t n 200 lb* $ 8 05® 8.16 j Medium 7.85® 8.05 ! Heavy 7 80® 7.75 Tod 8 15 Ptf* 7.00® 7.50 Packlnx *ow* 0 00@ 0.75 ■■■ Csttie : Few choice steer* slo.oo® 11 00 Prime corn-fed steer* 1.000 to 1 300 !b 9.00® 0.50 1 Good to choice steer* 1,000 to 1,100 lbs 8.50® 0.80 Good to eholw steers 1,000 to t,200 lb* 7 50® 8 00 Good to <-hoic veals. 1,000 to 1.700 lb* 7.50® .8 00 Commqn to medium steer*. 800 to 1.000 lbs 7.25® 750 —Tows and Heifer*— Choice Il<rht heifers $ 8 5001000 Good lifht heifers 7.00® 875 Medium heifer* 6 oO® 725 i Common hrifers 6 00® 6 00 ' Fair <nw 400® 500 Cutter* 2 75 ft 325 Canner* 2 25® 2 50

—Rult* —- Fsney butcher bull* $ 5 00® 6 00 Good to choice butcher bull*. 5 00® 5.50 Boloxna bull* 3 75® 450 —Calves— Choice reals $11.50015 00 Good veals 10 00® 11,00 Medium veal* B.oo® 900 f iffhtwcirh' veal* 7 50® 8 00 : Heavywnijrht veal* 7 00 ® 7 50 Common heavies o.oo® 700 Top 12 00 —Sheep and launbs—• Cull# $ 7 25® 335 ! Good to choice ewe* 300 0 6.00 j Fow choice lambs 11.0001200 Heavy lambs 9 00010 00 Cull lamb* 5 00® 7 50 Other Livestock Bv United Financial CHICAGO. Ail*. I—Hox*—Receipt*. 70 -i 000: market. 10®20c higher; top. $7 90 bulk. $6 5007.70; heavyweight. $0,90® 7 65: medium. $7.3007 90 ltsht. $7 10® 7 90: light light*. $0 6507.05. heavy packing. smooth 5.Y75 0(.25: packing sows, rough. $5 50i35.75: .(tiling pics. $6.35® 715 Cattle—Receipts 10,000: market active, killing quality largely medium to rood: moat killing classes. 10®25c higher, ln-hetween rrades weighty steer*, yearlings and grain fed she stocks howlnr maximum advance: top matured teer*. $11.75; numerous loads. sll® 11.65; best Long rearlinrs. rarly. $lO 80 hulk yearlings. $8 50 ® 10; bulk grassy heifers dull. mot of theqe in cutter classes and of inferior quality - bulk. 10015 c lower: few bologna* above $4.75 vealers generally steady bulk top packers around $lO 75: few sll and upward to sl2 to outsider* Stocker* and feeder* steady and more active on country aeen int*: bulk 55 0 6.50 some 1 100pound rather meaty steers for further finish at outside figures late yesterday Sheep— Receipts. 12 000; market. feeding lambs steady to 150 higher; others and sheep steady: bulk western lambs. $12.500 13 top to shipper*. sl3: matured mostly JC 017.75: sorting light mils generally $8.50 09: bulk fst ewes SSO 0.75 good light* upward to $7- heavies $3 500 4.25. EAST BUFFALO, Aug I.—Cattle—Re eeipts. $8.25; market slow, steady: shipping steers, slo® 11.25: butcher grades. SBO 9: cows, $2.5006.50 Calves-—Reeeipts, 275: market slow, steady: culls to choice, s4® 14. Sheep and lambs—Receipts, 200; market active, steady; choi-n lambs. sl2 013; market active, steady; choice lambs. sl2® 13- culls to choice. $8 @11.50; clipped lambs. 87010.50: yearlings, S8 50012 50: shoep. $308.50 Hog*—Receipts 5 280: market fatrly active, 10c higher: Yorkers, $8 40 0 8.60; pigs. $808.30; mixed. $8.25 ® 8 35: heavies. $7.7507.85; rough. s6® 6.25; stags, $4 0)5. KANSA9 CITY, Aug. I.—Cattle. 10.000; calves, 3,000: better grade beef steer* and yearlings strong: early sales mostly 10 rents higher: top weighty steers. $11: best yearlings. $10.50: sne stock slow: bulks slow; calves steady 'to strong; early top to packers, $9; desirable stokers and feeders steady: Inferior grades dull. Hogs—7.ooo: vedy slow; 170 to 200 pound averages to shippers at $7.2007.35 or mostly 10 cents higher; butchers 15 to 20 cents higher at $7.4007.45; packers holding back. Bheep —5.000: lamb*, steady to 10 cents lower: top Idaho*. sl2 25: others hid at sl3; beet natives, $11.50. PITTSBURGH, Aug. I.—Cattle—Receipts light, market slow; choice. $10.25 010.75: good. $9.50010: fair, S7O 8.25: veal calves, $11.50013. Sheep and lambs—Receipts light: market steady: prime wethers, $7.2507.50; good. $0.2500.76; fair mixed, $5 0 5.75: lambs. $7 013.50. Hogs—Reeeipts, 10 double-decks: market higher: prime heavv $7.0008.10: mediums. $8.75 0 8.85; heavy Yorkers. $8.75 0 8.85: light Yorkers, $8.2508.50: pigs, $7.50@8; roughs. $6'06.50; stags, $3 0 3.60. EAST ST LOTUS. Aug I.—Csttle—Receipts. 2.500: market, steady: native beef steer*. $809.50: yearlings and heifers, $8.7500.50; cows $4.2505.25: eanners and cutters, $2 2503.50; calves, sll. Hogs —Receipts. 9,000: market, lower; heavy, $7.20 0 7.00: medium, $7.50 07 90: lights. $7.5007.90 light, lights. $6.2507.00: packing so\*s, $5.85 0 0.10: pigs. $6 07; bulk. $7.8007.90 Sheep—Receipts. 4.000: market, steady: ewes. $3 00: eanners and cutters $2.2002.40: wool lamb* 410 750 10.50. 9 CINCINNATI, Aug. L—Cattle—Receipt#, 700; market steady to dull, weak; shippers. 'sß Si 10.25. ualves—murk, . I 50c higher: extras. $lO 0 12.60. Hug- Receipts. 3.700; market active, 10 020 c higher; good or choice packers. $8 0 8.10. Sheep -—Receipts, 1,500; market strong. Lambs— Market slow, steady; fair ot good, sl3® 13.60. CLEVELAND, Aug. I.—Hogs—Receipts, 3,500; market 60 to 100 higher; yorkere, $8.40; mixed, $8.35: medium. $8; pigs, $7.50: roughs, $5.50; stags, $4. Cattle— Receipt*. 450; market slow and dull, unchanged. Sheep and lambs—Receipt*. 500; market steady: top, $12.50. Calves—Receipts, 500; market steady; top, sl3. In the Cotton Market Bu T’nited Financial NEW YORK. Aug. 1 —The cotton market opened higher. Prices. October 21 26. up 7; December, 2L02; January. 20.80, up 3; March, 20.90, up 5; May. 20.85. up 4. Mildred Harris <0 Marry Attain By l nited Pres* LOS ANGELES. Aug. I.—Mildred Harris, former wife of Charlie Chaplin, today said she “probably will' be married within a year," adding that her fiance is an "eastern capitalist.” She refused to divulge his name.

“So Beautiful!” Cries Eight-Year-Old at First Sight of World About Her

Oculist Gives Version to Lillian Palen, Blind * Since Birth.

“Oh, the colors are so beautiful!” Gazing around in wonder at objects with which most of the world is familiar, but which she is seeing for the first time, Lillian Palen, 8, today exclaimed over and over at the beauty around her. Little Lillian turned to Mrs. C. A. Leet, 112 S. Rural St., with whom she lives and whom she also is seeing for the first time, as she told once more of her sensations when the bandages were removed from her eyes. She was at St. Vincent's Hospital, where Dr. Joel Whitaker, Indianapolis oculist, had removed cataracts which had made her almost totally blind since birth. “First think I saw was a dish of ice cream," the child said, her voice happy as her large eyes. “And, oh. everything looked so big and empty.” When she spoke of the doctor it was in a voice filled with awe and admiration. Lillian is the daughter of Mr. and Mrs. Clyde Palen, formerly of La Porte, Ind. With three brothers and sisters, she was abandoned when 4 years old and was taken to a county Institution.

A CORNER —With the — FARMER By # R. WEBB SPARKS —"Market Editor of The Times Sentiment on the wheat situation appeared somewhat mixed in spots on Tuesday, but a feeling of uncertainty seemed to dominate the general opinion of leading grain experts. Reports of black rust damage seem to bo falling fiat and the indifference of foreign buyers to enter the market would indicate a disposition on their part to discredit loss reports and await further delivery of stocks before making commitments. Some experts at present are expecting a moderate rally late in the fall, but hold no hope for materially advancing prices for at least two or three years. "Present indications offer but little hope for anything but moderate rallies, and new lows should be recorded before long,” one expert says. Without exception, observers agree on one thing, and that is the necessity of improvement of the export situation before grain prices can materially Improve. That a bumper Canadian crop is overhanging tho American export market Is not questioned in any quarter. OILS ADVANCE DESPITE NEW CRUDE REDUCTIONS Curb Market Found in Receptive Mood for Buliswtng. By United Financial NEW YORK, Apg. I.—With the bulk of the bearish oil news discounted by the heavy recessions of the pro ■ vlous two days, tho Curb market j found itself In a receptive nr od for | a better valuation of the tra.o situ ation today and the result was a for- | ward bulge in the petroleum group, with a number of gains of several I points. Word came of new price cuts on tho coast, but these failed to shake j the market. Standard of California ! cut gasoline prices 2c a gallon and jlt waa figured that further cuts In • gasoline on over-production will be : general. Irregularity persisted in the Indus i trials under quiet trading. Goodyear Tire and Rubber common sold at 10% and 10, compared with a recent high above 11. Durant Motors and Ret- improved j a shade on light trading. National J Supply pickeo up % while Gillette ! dropped 2% to 242%.

JUNIOR KU-KLUX TO BEDRGANIZED Knights to Incorporate in Twenty States, Incorporation of the "Junior Knights of the Ku-Klux Klan." in twenty State# will be made soon, Milton Elrod, editor of "The Fiery Cross," Klan newspaper, announced today. Elrod said the organization would be for boys and girls between 12 and 18 years old. Girl# would be In a separate division. “H. G. Steel, T. O. Trisler and E. L. Jarvis, young men of Indianapolis, vho Jiave attained positions of trust within the organization of the Knights of the Ku-Klux Klan, will be the incorporating officers, acting for the officials of the organization," said Elrod. Three others will be incorporators, the six to act as inspectors in Ohio, Illinois, Michigan, Wisconsin, Pennsylvania, Kentucky, Minnesota, lowa, Nebraska, Missouri, Kansas Tennessee, New York, New Jersey, Massachusetts, Maine, New Hampshire, Rhode Island and California, Stolen Bag Is Found W. E. Call, 402 Fidelity Trust Bldg., reported to Patrolman Brady at the Terminal Station today that while he was coming to Indianapolis on a Ft. Harrison traction car someone stole his traveling bag. He said he saw three men leave the car at Roosevelt Ave. The bag later was found by Joe Ayers, park employe, at Roosevelt and Rural Sts. Ifothing was reported missing.

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—Photo by "That Man Gravell.” LILLIAN PALEN, SMILING AT THE WORLD SHE IS SEEING FOR THE FIRST TIME

HARDING SHOWS IMPROVEMENT (Continued From Page 1)

to him, his doctors said. Each time he awakens from sleep he seems to have gained new strength. His physicians today believed their task now consisted chiefly in “standing by" while nature, largely unassisted, performed the work of healing. Recovery Will Be Slow This work probably will be slow for a time, as the President's strength was sapped to a degree understood only by his doctors. His response, under difficult conditions of lowered vitality and pneumonic Infection, to t\je influence of rest, has convinced the five doctors In attendance, unless some totally unexepected contingency arises. Mr. Harding will be virtually out of danger within a comparatively short time. Dr. Sawyer said last night in issuing a final bulletin, timed 11:10 p. m., no forther announcements would be made until after the regular morning consultation unless some unfavorable symptoms developed. The 11:10 bulletin said: "President's condition at 11:10 p. m.: “Pulse, 116: temperature, 100.2; respiration, 40. Resting comfortably. No further reports will come from the sick room tonight unless unfavorable symptoms develop." It was signed by Sawyer alone. Fever Slightly Higher This showed an increase in temperature of two-tenths of a degree since the 4 o'clock bulletin, a not unnatural rise at night; a slowing of the pulse four beats and slower respiration by four breaths to the minute. Taking into account the patient’s general condition all through the day, the bulletin indicated a steady continuation of favor able progress, j Sawyer said in Issuing it. Mrs. Harding who has stayed constantly closet to her husband's bedside, may be persuaded by Sawyer today to take a short auto ride about the city to give her the benenfit of the sparkling air, to which Sawyer attributed In part the president's good progress. All the members of the official party retired early last night, rid of the apprehension which kept them up nearly all of the previous night. Secretaries Hoover and Wallace and Speaker Gillette have remained almost constantly in the hotel, awaiting news of the President’s condition. Daugherty En Route Attorney General Daugherty, hurrying here from Seattle, was expected to arrive this morning. Daugherty, who is a lifelong friend of the President, was summoned when Mr. Harding's condition grew grave. Daugherty is himself ill. George B. Christian, the President’s secretary, will go to Los Angeles tonight to represent the President tomorrow at a Knights Templar celebration and to deliver a speech for the President. William Wrigley of Chicago, a friend of the President, called at the Palace Hotel yesterday. He will invite Mr. Harding to convalesce at Catalina Island, where W r rigley has a magnificent estate. There are indications the doctors would favor the President's taking a week's rest somewhere near before attempting tho trip home.

REAL INSPECTION URGED Johnson Recommends Inspectors Be Required to “Work.” t Recommendations that Inspectors appointed by county commissioners to oversee construction ot county roads be required to do some “real inspection” In addition to drawing their salary was made to the commls sloners today by County Attorney Emsley Johnson. The time to see that the roads are built right Is when they are being built, Johnson said, and then taxes perhaps would not be spent In patching new roads. SCOUT WINS HIGH HONOR Donald Prather, 16, member of Boy Scout Troop No. 34, of the Traub Memorial Church, will receive the award of an Eagle Scout tonight at the Indianapolis public libx-ary at a meeting of the Court of Honor. This is the highest honor a Scout can receive. PratHer has attained twentymerit badges. He is the first member of the traop to earn this aonor.

ILLINOIS UTILITIES TARE RATE COTS (Continued From Page D

to Chicago. It Is one of the largest utilities in the country. It never has been before the commission for an Increase. July 23, the commission wrote to the utility and suggested that it reduce rates. The suggestion was agreed to immediately. The reduction will cost the company $1,300,000 aunuaily in income. No Valuation Made There was no hearing and the property of the company never has been valued. The rate for most of the electricity is 4 cents a kilowatt hour, one of the lowest in the country. The new gai rate In Chicago is 98 cents, with lower rates for large users. The Indianapolis rate Is $1.15 a thousand cubio feet for all users. And the company is asking for more. The new rates here are a reduction of 5 cents a thousand cubic feet from the war-time price. It Is estlmtaed the reduction will save householders $1,278,400 a year and commercial users $259,300. Large Saving to Public Thus, by two acts of the commission, Chicago consumers have been saved $2,837,700 annually—and the utilities have virtually admitted the saving is Justified. The Indiana commission is working on a telephone order affecting Indianapolis and other Indiana cities. Reduced rates are not expected and they may be increased. Yet In Chicago the commission is Insisting on a reduction. Indianapolis and Chicago telephone rates are not comparable because most of the telephones In Chicago are metered. The other two companies which have been ordered by the Illinois commission to reduce their rates are the Public Service Company of northern Illinois, serving 300 cities and towns, and the Central Illinois Publio Service Company, serving 200 cities and towns. They are electric and gas utilities and the reductions are substantial. Reduction of utility rates In Illinois is possible because the theory of operation and valuation used by the Illinois commission is much different from that of the Indiana body. PRISONER ORDERED FREED Man Held on Blind Tiger Charge Given Release. John Taylor, 28, colored, 705 N. Senate Ave., ice wagon driven, was ordered released from jail on his own recognizance today by Superior Judge T. .T. Moll. Habeas corpus proceedings were instituted by Attorney W. E. Henderson, colored, in behalf of Taylor, who has been held In jail since July 27, charged with operating a blind tiger, in default of $1,500 bond. Taylor was arrested with his landlady. Taylor said the liquor was not his.

'SSI LIBERTY BONDS "“> SELL 415 IJEMCKE BUILDING | I Oufl 0000 GOODES (apal Qti) Mtf 100 PSR. CENT 7 PIIELG Urn higbest-grade paint is xnadespe> / Y , datiy for use in this climate, made m /K \ cover the maximum amount of gnrfact; /IV and withal it is dependable from die ' * TV standpoint of durability. ) J U Before yon order paint, we suggest that f Ju ft you interview the Capital City Paint 1 AM /j Dealer in your vicinity. Paint 8C Color Company , INDIANAPOLIS, IND.

‘CAL’ COOLIDGE IS ELATED AS ‘BUDDY’ WEATHERS CRISIS Vice President in Direct Touch With Stricken Friend in West, Bv United Preen PLYMOUTH, Vt., Aug. 1. —The man who would have been President sits on the front porch of an old Green Mountain homestead today with the happiest heart in the world —his 'buddy has pulled through the crisis. Calvin Coolidge, Vice President of the United States, peers over the pinetopped hill tops to the westward and sees the picture of his chief, his friend and his buddy, struggling against the toxins of death to win out. It means that "Cal" ;is every one calls him here abouts, may not be President, but “Cal" didn't want to be President that way. He wanted his chief to win the fight and he is glad. Ten miles from a telegraph line, back in the hills, where Ethan Allen and his Green Mountain boys routed the Red Coats, Coolidge is in direct touch with the bedside of his chief and President. When he was given word the President was believed to have passed the crucial point of his illness “Cal” was elated. There was a score of news-papei-men who had traveled from ail parts of the East, sitting on the doorstep and the thirty-four voters of Plymouth all were there. "In common with all Americans," Coolidge said, "I am distressed at the illness of President Harding, and besides, I am grieved at the suffering of a man with whom I have been so Intimately associated on terms of more than ordinary friendship. The report indicates to me he will recover to resume the important service which he is rendering to his counery."

Marriage Licenses J. K. Altmeyer. 28, 127 Hancock: Anna Gallag-her. 21. 453 Centennial. A. D. Conner. 23. 1433 N. Mount: Myra Plttmann. 19. 930 Tabor. E. H. Downey. 28. 2C2 N. Traub: Rutb Bauer. 19, 120 N. Traub. Bauman Keen. 21. 144 Sheridan; Ovia Elery. 18. Indianapolis. E. W. Teale, 24. 1703 E. Washington; Nellie Donovan, 23. 774 W. Drive, Woodruff Place. Charlt* Koumoutros, 50, St. Louia, Mo.: Rozelia Woods, 37, 840 Porter. L L Cook. 28, 1154 Oily*! Alice E. Jones. 21, 1809 Wood!awn. Building Permits Anne Stevenson, addition. 122 E. TwentySecond. S2OO. F M. North, garage, 011 N. La S3lle, S2O (). Wiliam Bamberg, reroof. 1843 iN. Senate, S3OO. Ethel Baker, dwelling. 2022 fi. Nineteenth, $3,000. Ethol Baker, dwelling. 2818 E. Nineteenth, $4 000. Strlebeck. garage. 314 N. Highland. W. F. Applegate, addition. 1011 E. Washington, $305, J, D. Brosnan. dwelling, 909 Ft. Wayne, 55 A3 5. F. M. Knight Realty Company, dwelling, 2422 Highland. $2,800. F. M. Knight Realty Company, dwelling. 2422 Highland. $2,800. F. M. Knight Realty Company, dwelling, 2428 Highland, 52.500. F. .M. Knight Realty Company, dwelling, 1845 Highland, 52.500. F W. Sche-igert, remodel, 2953 Park. $3 000, W. C. Echols, donble. 2195 Dexter, S2OO. Basil Robinson, furnace, 948 Udell, S2OO. Maoy Malott. repairs, 26 McLean, $1_950. Preston D. Stanebaugb, dwelling, 3850 Fletcher, $350. E. L. Cothrell Realty Company, dwelling, 1722 N. Oxford. 82.000. E L. Cothrell Realty Company, dwelling, 1720 N. Oxford, $3,000 Zero Ice and Fuel Company, stoker, Twenty-Seventh and Cornell, 51,400. Taylor Carpet Company, repairs, 28 W. Washington. SBOO. L. 8. Ayres Company, doers, 1 W. Washington, 57.000. Bchrieber Fertig, bakery garage, Fairfield and College, $1,700. Indian Refining Company, station, 8516 E. New York, $3,500. Orville Burke, dwelling, 4728 College. SB,OOO. Teresa Ilg. double 4796 College, SB,OOO. Jacob Ket ter, dwelling, 5013 College, $5,000. W. J. Nenart, dwelling, 1320 Hartford. $4,000. Henry A. Shoemaker, dwelling, 4117 Cornelius, $4,000. 0. L. Cothrell Realty Company, dwelling, 2827 E. Eighteenth, $2,500. 0. L. Cothrell Realty Company, dwelling. 2823 E. Eighteenth. $7,500 E. L. Cothrell Realty Company, dwelling. 2819 E. Eighteenth. 52.500. Royse Borehert Company, garage. 888 E. Minnesota, $250. R. C. Gatta. garage. 1956 Holloway, S2OO. J. W. Arvin, dwelling, 757 N. Bancroft, $5,000. Sarah 0 Kent, repairs, 1205 W. ThirtySixth. S4OO. R. C. Lowell, addition. 5722 Oak. ■5275. George F. Brewer, remodel, 220 N. Gray, $2,500. A. Grove, furnace 1028 Ludlow. S3OO. John Andersen, repairs. 2341 Dubol#. S6OO. Indianapolis Water Company, shop, 010 W. Market, $1,500. J J. Meyer, reroof. 1901 Park. $270. S. E. Hedrick, dwelling, 1430 E. Thirtieth. $2,000. 8. E. Hedrick, dwelling. 1434 E. Thirtieth. $2 £OO D. E. Compton, garage, 728 Berkley road, $5,300, O. H Gulppe, reroof. 623 Lin wood. S2OO. Miles A Holloway, dwelling, 5209 Broadway, $6,000. Dorothy Kriner, remodel. 617 Sanders. SSOO. * Cort M. Heaton, garage, 2012 Park. S2OO. William M. Brink, garage, 945 Kervay. $250. William M. Brink, garage, 945 Hervey. $250. J Albert Smith, dwelling, 810 Carlisle, $3,500.

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