Indianapolis Times, Volume 35, Number 73, Indianapolis, Marion County, 6 August 1923 — Page 11

MONDAY, AUG. 6, 1923

SATURDAY’S LATE RALLY CONTINUED ' BY GENERAL LIST Market Evidences Renewed Confidence in President Coolidge’s Ability, The WALL STREET JOURNAL NEW YORK. Aug. 6 —ln the early dealings In the stock today, stocks continued the rally in progress at Saturday’s close, reflecting confidence entertained regarding the ability of President Coolidge to exert a strong hand in national and international affairs. Poincare's message also had a reassuring effect and prices among active stocks were generally higher throughout the railroad and industrial groups. Baldwin scored a full point gain and sizeable fractions were gained by other market leaders. First Hour Stocks gathered such momentum on the recovery that a sharp rally was in progress toward 11 o’clock. Steel snapped back to 87%, compared with Saturday’s low of BG. American Can went to 88%, against 85% on Saturday and American Locomotive made a similar gain, its strength having been partly attributed to the approach of dividend action Thursday when an ' increase to a $6 basis is expected. Altogether the general list showed a decidedly improved tone with a lessening of selling action in evidence. Second Hour Growing uneasiness was manifested by short interests as primes continued to improve in the late morning. Emphasis w'as placed upon the improved outlopk in the foreign situation as the result of France’s step towards recpening reparations discussions after the door in this direction had been considered practically closed. Logically enough the mark declined. Cop pers strengthened on increased optimism regarding foreign affairs, though Allied Chemical declined to a new low on the move. Noon Hour No success was attained by the bear party in attempting to depress prices in noon dealings as stocks turned dull on recessions, weakness in individual issues having been confined to stocks affected by special developments. Rails were encouraged by the better action of the Northwestern issues, of which Great Northern sold to 54 against Saturday’s low of 51%, Northern Pacific to 57% against 54%, and Chicago & Northwestern to 63% a3 compared with 61%.

Fourth Hour Stocks maintained a strong tone in the early afternoon nand additional recovery w r as scored by many of the [, speculative leaders. Steel common reached anew high on the movement above 88, and other active industrials gained further proportionate ground. Some of the best buying in weeks was reported among the standard rails which were helped by the decidedly better tone manifested by the northwestern grain carriers, which continued to better their earlier gains. Closing Hour Rails were unsettled in the last hour by renewed pressure on the northwestern issues which resulted in a record low for St. Paul preferred and wiped out recoveries scored in the morning dealings by Great Northern preferred and Northern Pacific. But the industrial list continued steady in face of this development and further gains were scored by a number of issues which had shown a marked ability throughout the day to better their positions on relatively light tradings. Twenty active industrial stocks on Saturday averaged 87.20, off 1.00 per cent. Twenty active rails averaged 76.78, off .50 per cent. Local Bank Clearings Indianapolis bank clearings Monday were $3,319,000; bank debits were $3,874,000. New York Money Market NEW YORK. Auf. 6.—Commercial paper quiet, but business continues to move at 5H per cent .with a smal lvolume of names at 5 per cent. Time money dull. All loans. 5 % per cent, the lander's figure. I Foreign Exchange Bu Vrited Financial NEW YORK. Aug. 6.—Foreign exchange opened lower: Sterling, demand. $4.56%; cable. $4 57%. Francs, demand. 5.80%c; cable. 6.81 c. Lire, demand, 4.83%: cable. 4 34c. Belgians, demand. 4.05 c: cable. 4.65% c. Marks. 1.000.666 to the dollar. Ciecho. demand. 2.93%c: cable. 2.94 c. Swiss, demand. 17.90 c; cable, 17.92 c. Gilders. demand 39.30 c; cable, 39 33c. Pesetas, demand 14 09c; cable. 14.11 c. Sweden, demand. 26.57 c; cable. 26.01 c. Norway, demand. 16 14c: cable. 10.18 c. Denmark, demand. IS 11c; cable. 1815 c. Produce Markets INDIANAPOLIS, Aug. o.—Fresh eggs, 230: packing stock butter. 26c; springs 1 % to 2 Ibe., 28c: fowls straight. 21c: fowla. under 4 Ibe.. 18c: leghorns. 26 per cent discount; cocks 10c: young tom turks, 28c; young hen turks 25c: ducks 5 lbs, 12c: spring ducks 21c: geese. 10 lbs. up, 10c; squabs. 11 lbs. to dot.. $4.50. Indianapolis creameries are paying 37c a lb. for butter fat. CLEVELAND. Aug. 6.—Butter—Extra, in tube, 45@47c; prints, 46%@47%c; firsts. 43@44c: packing Block. 30%@32%c. Egge-—Fresh gathered northern extras, 31e: Ohio firsts, 31 @ 33c: western Brets new cases 26c. Poultry—Heavy fowls, 20® 27c: light fowls 38® 20c: cocks. 17® 18c: broilers. 35c: ducks spring. 22c. Potatoes—Virginia cobblers. $3®6.25 per barrel: $3.40® 3.50 per 150 pfuhds. NEW YORK, Aug. 6.—Park—Steady: mesa, $24.50® 25 Lard—Easier: middle west spot, [email protected]. Sugar—Raw, quiet: centrifugal. 96 test. 6.03cy refined, quiet: granulated. 7.90® B.ooc. Coflee— Rio No. 7. on epct. 10%®10%c: Santos, 13® 14c. Tallow—Firm; special to extra. 6% @6%c: city. 5%c. Dressed poultry— Steady; turkey*. 25® 42c: chickens. 24® 44c: fowls, 14® 30c; ducks 25c. Long Island live poultry—Steady: geese. 110 c: duck*. 14® 26c; fowls, 19® 26c; turkeys. 20c; roosters, 16c; broilers. 28® 35c. Cheese—Steady: State whole milk, common to specials. 18®28%c; State, skims, common to spe-xais, 8® 17c. Butter—Quiet; reaeipta. 3.679: creamery extra. 42 %c apodal market. 43®43%c: State dairy, tubs. 36®42%e Eggs—Firmer: receipts 4,722; nearby whites, fancy, 45® 48c: nearby State whites. 27® 40c: fresh firsts to extras. 26% ®.35c: Pacific coast. 29% @4l %e; western white. 27® 46c: nearby browns, 16® 43d

New York Stocks (By Thomson A McKinnon) —Aug. 4

Railroads— 1:45 close. High. Low. p. m. close. Atchison .... 90% 95% 98% 95% B 4 0 47% 47 47% 40% Can Pacific. .146 ... 145 143 C 4 0 58 % 57% 58% 68 C 4 N W Ry 63 62% 63 02 C, R 4 P... 20% 19% 20 20 Gt North pfd 53 % 52 % 53 % 63 % Nor Pacific.. 67% 55% 66% 55% Pennsylvania. 42% 42% 42% 42% Reading . .., 73% 73% 73% 72% So Pacific.... 85% 84% 86% 84% O Pacific... .127% 125% 127% 125 Wabash pfd . 25% 24% 25% 24% Rubbers— Kelly Spr.... 31% 29% 30% 30 U S Rubber. 39 37% 38% 37% Equipments— Am Locomo. 72% 71% 72 70% Baldwin Loc. 113% 111% 112% 111% Gen Electric. 173 172% 173 172% WesUngh El.. 66 53% 55% 65 Bethlehem... 47% 40% 47% 46% Steels— Cruetble 61% 59 00% 59 Gulf States.. 09% 69 69 68 U S Steel.... 88% 86% 88 86% , Motors—'Chandler Mo. 48 % ... 48 47 % Gen Motors.. 14 13% 14 13% Maz ell M A 39 ... 39 37 % Studebaker .103% 101% 102% 101% Stewart-W .. 85% 84% 85% 83% Timken 37% 37% 37% 30% Minings— Dome Mines.. 34% 34% 34% ... Int Nickel... 12 11% 12 12 Coppers— Am Smelting. 56 55 56 54% Anaconda ... 40 39 % 39 % 39 %

PRICES FOR HOGS GAIN TEN CENTS Light Receipts Cause Porkers to Take Upturn, Hog Prices Day by Day July 150-300 lbs. 200-225 lbs. 150-180 lbs. 30. 7.00® 7.25 7 30® 7.65 7.65® t 75 31 7 00® 7.35 7.40® 7.65 7.65® 7.80 Aug. 1. 7.50® 7.75 7.75® 8.05 8.05® 8.15 2. 7.50® 7.00 B.oo® 8.25 8.25® 8.40 3. 7.60® 8.00 B.lo® 830 8.35® 845 4. 7.25® 7.60 7.85® 7.80 B.oo® 8.15 6. 7.35® 7.70 7.75® 810 B.lo® 8.26 Prices of pork on foot advanced generally a dime In trading at the local livestock exchange today, due to exceptionally light receipts, coupled with liberal orders for outside account. Lights led in the advance, going to a top of $8.25 as compared with Saturday’s top of $8.15 and other classes gained In about equal proportion. Some traders believed their hogs had sold as much as 15 cents higher while others expressed the opinion that their stock had shown no more than a nickel gain. The bulk of the day’s receipts of 6,000, inclusive of 2,199 moved between $7.90 and $8.15. Heavies sold up generally from $7.35 and mixed hogs from $7.75 to SB.IO. Sows and pigs were generally steady, sows selling down from $6.75 and pigs down from $7.60. The cattle market was quotably steady to strong, the strength having been manifested by prime steers of which the number receieved was small and the demand lively. The common grades, which recently have moved with difficulty found a better market, while prime heifers also were in urgent demand. Receipts 1,000, of which 500 were carried over from Saturday. The call market was generally steady, choice veajs selling at sll and the bulk from $lO to $10.50. Receipts 500. The sheep and lamb market was dull but prices held generally steady with lambs selling down from sll and sheep down from $6. Receipts 200. —nogs—--150 to 200 Ibe $ B.lo® 8 25 Medium - 8.10 Heavy Top .8 •• 8.26 Packing sows 8 00® 6.76 —Cattlw— Few choice steers slo.oo® 11.00 Prime corn-fed steers. 1,000 to 1.300 lbs 9.00® O.aO Good to choice steers. 1.000 to 1.100 lbs - • B.oo® 960 Good to choice steers. 1.000 to 1.200 lbs 7.00® 800 Good to choice steers. 1,000 to 1.700 lbs 7.50® 8.00 Common to medium steers. 800 to 1,000 lbs 7.25® 7.50 —Cows and Heifers— Choice light heifers $ [email protected] Good light heifers 7.00® 8.76 Choice light heifer* $ 8 50® 10 00 Good light heifers 7.00® 8.76 Medium heifsre 6.00® 122 Common heifers o.oo® 8 00 Fair cows 4.00® 500 Cutters 2.75® 3.25 Canners 2.25® 2.00 —Bolls Fancy butcher bulls $ 0 00® 0.00 Good to choice butcher bulla. 5.00® 550 Bologna bulls 3.75® 4.50 —Calves— Choice veals slo.oo® 11.00 Good veals 9.00® 10.00 Medium veals B.oo® 9.00 Lightweight veals • . 7.50® 8.00 Heavyweight veals 7 00® 7.50 Common heavies 6.00® 7.00 Top 11.00 —Sheep and Lambs— Culls 5 2.25® 325 Good to choice ewes ...... 3.00® 6.00 Few choice lambs 10.00® 11 00 Heavy lambs 9.00® 10.00 CuU lambs 5.00® 7.50

Other Livestock fig United Financial CHICAGO, Aug. 6. —Hogs—Receipts, 00,-C(-0. market 10c higher: top. $8: bulk. $8.45 @7.90; heavyweight, s7@7 70; medium. $7.25 @7.75; light, $7 @8; light lights. $0.75 @ 7.E5; heavy packing, smooth. [email protected]: packing sows, rough, $5.50® 5 75: killing pigs. [email protected]. Cattle— Receipts. 20.000: better grades and most killing classes stead yto strong; killing quality (air: tn-between brades steady; top matured steers. $11.75. some held higher, numerous loads $10.25® 11.05; best long yearling* 811.50; vealere steady to packere *ll® 11.50; bulls steady to strong: bulk bologna bulls, $4 @4.50; canners and cutters. $2.75 @3.60. Sheep—Receipts. 18,i.on; market active: fat lambs strong to 20; higher: others and sheep generally steady: bulk good and western lambs, $12.40® 12.00: top sheep. $12.70; most desirable. $11.75@12: culls mostly $8.50@9; spring yearling ewes, $10; half-dressed medium to good 98-lb. aged ewes. $0.50; few medium, S’.SO; early top, $12.60. EAST BUFFALO, Aug. 6.—Cattle—Receipts. 4.600: market hardly active. 25c lower: shipping gteers, slo® 11.50; butcher grades. 8 @9: heifers. [email protected]; cows. [email protected]; bulls. s3@B; feeders, ss@7; milch cows and springers. $3 @ll. Calves —Receipts. 2,300; market active, steady: culls to choice, $3.50 @12.60. Bheep and lambs—Receipts, 3,800; market active; choice lambs. 60c lower; culls to choice. sl2 @12.50; yearlings. [email protected]: sheep, $7.60 @10.50. Hogs—Receipts, 12.000; market slow, 10® 15c lower; Yorkers, [email protected]: pigs. $8: mixed, $8.40 @8.50; heavies. $8; rough, $5.50@6: stags, $4.50@5. CINCINNATI. Aug. B.—Cattle—Receipt*. 3.050; market slow: shippers. $8.50® 10.26. Calves—Market 50c lowsr: extras, $9.50® 11. Hogs—Receipts. 4.400: market steady: good or choice packers, $8.15® 8 25. Sheep—Receipts, 800: market steady; extras, ss@6. Lambs—Market slow, steady; fair to good, sl3 @13.60. CLEVELAND* Aug. 6.—Hogs—Receipts. 5.500; market 15® 30c lower; Yorkers, $8.35; mixed. [email protected]: medium, $7.85; pigs. $7.50; roughs. $5.50; stags. $4. Cattie—Receipts, 1.200; market strong; good to choice bulls, $5 @6; good to choice steer* $9 if? 10.50: good to choice heifers. s7@B; good to choice cwos. ss@6; fair to good cows. s4@s; common cows, s2@3; milkers. S4O @75. Sheep and lambs—Receipts, 800; market slow; top, $12.50. Calves —Receipts. 900; market 50c@ $1 higher: top $13.50. PITTSBURGH. Aug. S.—Cattle—Receipts,

1:4B Fret. High Lew 3. m. close Kennecott .. 33% 33% 33% 33% Oils— Call! Petrol.. 18% 18 18% 18% Cosden 32 31% 31% 31% Marland OU.. 29% 28% 29 28% Pan-Am Pete 69% 58% 59% 8 Pan-A Pete B 57% 56% 57% S Phillips Pete. 22% 21% 22 21 % Pro and Ref 30% 29% 30% 29% Stan 0 of Cal 48% 47% 48% 47% Stan O of N J 32 % 31 % 31 % 31 % Sinclair .... 22 % 21 % 22 21 % Texas Cos 40% 40% 40% 40% Industrials— Allied Chem. 64 ... 82% 64% Amer Can... 88% 80% 87% 86 Amer Wool.. 86% 84% 85% 83% Cent Leath.. 18% ... 17% 18 Ccca-Cola ..76% 75% 70% 75% Coni Can... 45% 45% 45% 45 Fam Players. 73% 72 72% 72% Int Paper... 32% 32 32% 32 Int Harvester 73% 73 73% 72% Mont Ward.. 19 18% 18% 19 Owen Bottle. 42 41% 42 41% Sears-Roe ..72 ... 72 70% U S Ind Al. . 47 ... 47 44 % C till ties— Am T and T. 122% 122% 122% 122% Con Gas 61% 60% 61% 60% Shipping— Am Int Corp 18 ... 18 17% Atl Gulf ... 13% ... 13% 12% Foods— Amer Sug... 60% 58% 59% 57% Am Bt Sug 25% ... 25% 25 Corn Prod ..120% 119% 119% 119 Cu Cn Sug pf 37% 35% 37% 34% Cu-Am Sug.. 25% 24% 25 Vi 23% Punta Alegre. 40% 44% 46 43% Tobaccos— Am Tob Cos .144 143% 144 Tob Prod ... 80% 79% 80% 78

65 loads: market lower; choice. slo® 10.75; good, $8.90® 9.75; fair. $6.75® 8; veal calves. sl2 @12.50. Sheep and lambs —Receipts. 8 double-decks: market steady: -' ri ~>e wethers. $7.25 @7. 60; good, $0.26® 6.75: fair mixed. [email protected]; Imabs. s7® Hogs —Receipts. 45 double-decks; market steady: prime heavy, [email protected]: mediums. SB.OO @ 8.75; heavy Yorkers. [email protected]; light Yorkers. [email protected]: pigs, [email protected]; roughs. $5.75 @6.25; stags. $3 @3.50. EAST ST. LOUIS, Aug. 6—Cattle—Receipts. 8.000: market, steady: native beet steers, [email protected]: cows, $4.50@5: canners and cutters, $2.35 @2.50: Stockers and feders. $4 @6. Hogs —Receipts. 12,000: market, active, heavier; heavy. $7.25 4(8: medium. $7.65 @8.05; lights. [email protected]>0: light lights. $0.75 @B.IO packing sows [email protected]; pigs. [email protected]; bulk. $7.90 KS.OS. Sheep—Receipts. 3.000 market strong; ewes, s3@6: canners and cuttera. $1 @3; w-col lambs. $10.25® 12.50. GENERAL IMPROVEMENT NOTED IN CURB TRADE Standard of Indiana Recovers to Fraction Above 50. Bu United Financial NEW YORK, Atlg. 6.—The curb market, while not conspicuously active today, moved to higher levels. In sym pathy with the Improvement In the stock market and the generally better feeling in the financial community. The list as a whole turned firm In the afternoon, with the oils nearly all a*, better levels. Standard of Indiana got back above 50, being a point higher at 5014 than the close of Saturday. In the afternoon Reo Motors moved up to 17 on fairly active dealings, the best price reached since the middle of July. This movement was characteristic of the motor and accessory ‘•shares, most of which remained outside of the active Ust. Standard of Indiana was helped by the declaration of the regular dividend of 6%%.

GRAINS ARE LOWER -IN CHICAGO TRADE Restricted Selling in Afternoon Forces Wheat Downward. Bu United Financial CHICAGO, Aug. 6. —Grain prices dropped fractionally at the close of the Chicago Board of Trade today. Restricted selling developed during the late session and wheat made further fractional declines. On the dip, however, locals tendered support w hen selling became more widespread with receipt of news Continental Europe was maneuvering to cancel shipping orders. The United Kingdom, France and Germany, acording to these advices, have cancelled all shipments for August to December. Cash prices were unchanged to fractionally higher with indifferent trading. Export business continued dull practically nothing being done at the seaboard. Scattered rains in the Southwest, an Increase in the visible supply and heavy receipts brought a recession In corn premiums. The cash market to the contrary, was strong to higher with a better demand. September delivery was under pressure as a result of the increased receipts while other months, with less urgent demand, remained quiet throughout the later trading. Following a strong opening, cats weakened and continued on the dewn grade during -"the remainder of the trading. Cash premiums also suffered a recession with buyers reported holding off. Provisions eased off fractionally with grains and little selling by small packers.

Chicago Grain Table —Aug. 0 — WHEAT— Prev Open. High. Low. Close, close. Sept. .97% .37% .96% .90% .90% Dec.. 1.00% 1.00% 1.00% 1.00% 1.00% May. 1.05% 1.05% 1.05 1.06% 1.05 CORN— Sept. .76% .77% .78% .70% .70% Deo.. .62% .03% .62% 63 .03% May. 64% .04% .04% .04% .65% OAT$— Sept. .35% .35% .35 .35 .35% Deo.. .37% .37% .37 .37% .37% May. .39% .40 .39% .39% .39% LARD— Sept. 10.02 10.05 10.60 10.65 10.55 RIBS— v Sept. 7.95 8.05 7.90 8.00 7.90 \ RYE— Sept. .03% .63% .63% .63% .63% Dec.. 66% .67% .60% .67% .60% CHICAGO. Aug. 6.—Car lot receipts; Wheat, 1.183; com, 331: oats, 258; rye. 19; barley. 34. CHICAGO. Aug. 6.—Wheat—No. 1 red. 08% @99c: No. 2. 98%@99c; No. 3. 98@ 98c; No. 2 hard. 98%c@$l; No. 3, 97% @ 98%e. Com—No. 1 yellow. 80%@87%e: No. 2. 86% @ 87c; No. 6. 85% @ 86c; No. 1 mixed, 80@ 86 %c; No. 2. 86@86%c: No. 3, 86 % @BO %c: No. 1 while. 80% @B6c: No. 2. 80 %@BO %e. Oats—No. 3 white. 35® 39c; No. 4. 35% @ 37c. Barley—sß@63c. Rye—No 2. 64c. Timothy—s4.7s @5.50. Clovei—sl6 @l7. Local Hay Market lioose hay—s2l @23: bales, s2o® 22: heavy mixed hay. sl4 @22; light mixed hay. $lB @2O. Local Wagon Wheat Local mills are paying 87e for new No. 2 red wh^it

THE INDIANAPOLIS TIMES

A CORNER —With the — FARMER' By R. WEBB SPARKS " 1 ■—■Market Editor ol The Time* ~"

The underlying tone of reports emanating from Chicago support the belief that the grain trade is taking a slightly more optimistic view of the future wheat situation, due to talk of reduced acreage In Kansas, as voiced by Secretary Mohler and various newspaper accounts that describe movements among farmers to diversify their agricultural pursuits next year. One expert even goes so far as to say that this future situation might become a lector in the immediate situation when viewed in the light of present discounting of the current demand. Despite this view, however, a lead Ing offic&l of the Federated Farm Bu reau Issued a statement in which he expressed the belief that farmers could gain nothing by carrying their wheat in anticipation of materially higher prices. Experts are fairly well agreed that the situation for the present year is without relief, with the possible exception of crop damage In the American and Canadian Northwest, a fact that has not been given serious credence by continental purchasers for the last few dais. That farmers will diversify farming to a greater extent next year is scarcely to be doubted In the light of traditions almost age-old that bumper yields with consequently low prices are invariably followed by “lean” years of high prices. Regulation of the law of supply and demand has never been accomplished In any line of endeavor, but successful attempts have been made In many lines of industry by careful discounting of the future. Less wheat, higher prices, more wheat, lower prices and so on throughout the category of business experience and farmers are very likely to take heed of the lesson so ex pensively learned this year and turn to pursuits other than wheat raising

EXCHANGE TO SUSPEND DURING FUNERAL HOUR Governing Committee of New York Body Again Honors Late President. NEW YORK, Aug. 6—The New York Stock Exchange will open for business as usual at 10 o’clock on Wednesday, but the President has been authorized to suspend business on the floor during the funeral serv Ices for President Harding at the Capitol in Washington. The hour of such suspension will be announced later. The exchange will be closed on Friday, Aug. 10, being the day of the funeral of the late President and a national day of mourning. All deliveries of securities on Friday will be suspended. Contracts made Thursday wiy be due next Monday. The foregoing announcements wrere made this afternoon, following a meeting of the governing committee of the exchange. Indianapolis Stocks —Aug. 0— Bid. Ak. Am Cent Life 200 Am Cresotlng Cos pfd 96 ■ • - Belt R R com 68 09 Belt R R pfd 52% ... Cent Bldg Cos pfd 98 ... Cities Service pfd —• ■ 03% 65% Cit Gas Cos com 26 27% Cit Gas Cos pfd 99% 103 Ind Hotel com ~,,,.,.i..100 . Ind Hotel pfd 100 Ind Nat Life Ir.d Pipe I.tn* Cos 95 98% Ind Title Guar Cos 70 80 Indpls Ab pfd Indpls Gas 49 62% Indpls Sc Northwestern pfd.. .35 Indpls Sc Southern pfd . . 60 Indpls 8t R R 00 Indpls Tel com 1 ... Indpls Tel pfd 90 ... Mer Pub Util Cos pfd 77 Nat Mot Cos 1 2% Pub Sav-Ina Cos 13 ... Rauh Fer pfd 49 ... Standard OU of Ind 49% 51% Sterling Fire In# C 0......... 8 9% T H I Sc F, com 2 6 T H I Sc E pfd 11% 15% T H Tr Sc Lt Cos pfd 93 97% Union Trac of Ind com 2 3 Union Trac of Ind Ist pfd... 18 28 Union Trac of Ind 2d pfd.. . 6 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 Cos com ,L, 7 8 % Wabash Ry Cos pfd.. 24% 20% Bonds Belt R S Y 4s. May. '3O 80 Broad Ripple os 86 70 Cit Gas 5s 86 % 87 % CU Gas 7s 100 102 Cit St R R 5s 83 84 Ind Coke and Gas 05....... . 90 94 Ind Hotel 5s 90 ... Ind Hotel Cos 2d os. 90% Ind North 6s ... Ind R and Lt 5s 89 94 Ind Union Trac 55...,....... 40 ... Indpls Ab Cos 7%s 100% 105 Indpls Col A So 6s 90 100 Indpls Gas 5s 85% 87% Indpls Lt and Ht 5s 94 97 Indpls A Mart 58% 63% Indpls North 5s 50 54 Indpls A Northwestern 60 64 Indpls Sc S E 5s .. 40 Ind Shelby Sc S E 5s 52 Indpls St Ry 4s 04% 67% Indpls Trac Sc Term 5s 82 86% Indpls Union Ry 5s 94 ... Indpls Union Ry 4%s 94% ... Indpls Water 5s 100 ... Indpls Water 4%s 85% 88% Indpls Water 5% ........... 93% 96 South Ind Power 0s 101 T H I Sc E 6s 68 72 % Union Trac of Ind 6s 68 70

Marriage Licenses G. W. Bredewater, 24. 114 Oliver: Ella* beth Anderson. 370 W. Twenty Eighth. Vance Stronir, 20. R P. box 43; Bertbi Padgett, 23, 1128 St. Peter. S. J. Van Arsdale, 21, Six Polnta, Ind. Hellan Doncvan, 25. 1610 Spann. E. F. Holloway, 43, 1509 E. Polk; Marj Burgee*. 43. 1309 E. Polk. William Farl*. 63, Marion County; Julis Lesenbury, 49, 820 Emerson. E. A. Bertel*. 23. R F. Box 00: Berthi Hick*, 20. Southport. Ind. G. E. Carpenter. 21. 423 N. Noble Evangeline Case, 10, 620 W Abbott. A. H. Told. 40, Norwood. Ohio; Nettli Milford. 28. 420 Massachusetts. H. B. Keller, 24, 22 W. Thirty-Eighth Sarah Davis. 23. 048 Russell. E. 8. Spits. 21. 406 N. Denny; Pearl Zimmermen, 21. 029 N. Gray. W. B. Pettljohn, 23, 2035 N. Alabama; Orpha E. Jennings, 22. 3100 Central. Lee Orr, 22, 971 King; Aletha Craig, 19 610 N. Sheffield. J. F. Kinnaman, 20 339 W. Eleventh; Jennie Cummin*. 23, Cnlverstty Heights. R. A. Lunsford. 44. Noblesville. Ind.: Mabel Beerwort, 21. 802 E. New York. Clade Maxey. 20. 520 W. Seventeenth: Hillie York, 21. 1401 E Sixteenth. J. P. Mitchell. 23, 1747 9. Keystone; Elsie Marcum. 19, 120 S. Noble. In the Cotton Market By United Financial NEW YORK. Aug. 8. —The cotton market opened higher. Augnst. 23.50, up 40; October. 23.00, up 40; December. 23.10, up 64; January, 22.85, up 50. ' Raw Sugar Market By United Financial NEW YORK. Aug .6.—Raw sugar opened higher. September. 4.33® 4 34c: December, 4 [email protected]; March, 4.43®4.46c. Cloverseed Market Cloverseed was quoted at $7 ®lO a bu. In Indianapolis.

AMERICA’S HEART 6AREDJNSORROW (Continued From Page 1)

niandeered and the trip resumed with but half an hour's loss of time. Impressive mourning ceremoniee will greet the death special when it arrives in Chicago, about 3 p. m. While thousands lines the route, airplanes will fly overhead and drop purple astors and roses as church bells toll. The airplanes, In mourning colors, will also mark the position of the train for the crowds below. As they come In sight from tb* West, a salute of twenty-one guns will be fired by a field artillery detachment. A mayor’s memorial committee expects to board the special and lay a wreath inscribed “Chicago’s Sympathy” on the casket. Watchful Crowd* Pay Homage But the need for making speed to the Capital Is not to be allowed to Interfere with the slower cadence of the clicking, humming wheels that mark the approach of a town or city, where day-break finds watchful, bare-headed groups gathering to pay their respects to the honored remains, and the pale, silent woman In the last car, alone with the guard of honor and the dead that Is her’s. A chief concern of those who are accompanying the Preeident’s remains to Washington for the funeral services Wednesday was that Mrs. Harding, wan and visibly aged from her suffering and her almost superhuman efforts not to give way, may be given strength to carry on to the finish as she has so bravely begun. Thinks of Others The remarkable woman who sits for long hours beside the bier in the rear compartment rested a little better Sunday, despite the prolonged strain, and her first thoughts when she came from silent contemplation In the funeral coach were for the comfort of others in the party. She sent several personal inquiries to newspapermen about colds they had contracted in San Francisco, telling them to take care of themselves and rest while on the train. Mrs. Harding, who would seem to be In the need of sympathy and strength of the whole nation, as inI deed it is being poured out to her in

an endless stream of telegrams, actually Is trying to brighten the days for those about her. Her continued courage Is the marvel of her friends. But they see behind the drawn, firm, kindly features evidences of the anguish of her heart. Gratitude to People Each silent crowd beside the railroad brings a fresh reminder of the Nation’s loss and must be an additional pang of sorrow for the widow. But when she speaks of this at all. lt is with expressions of gratitude for the American people’s thoughts. “I can never tell these people how they have helped me and upheld me In this hour,” Mrs. Hartiing said, her hand on a stack of telegrams that come pouring lt at every station. It is her Inordinate pride in her dead husband and the achievements of his lifetime that keeps Mrs. Harding going. The train is due In Chicago, where a tremendous crowd is expected to be gathered for a few moments of tribute and mourning, at 3:30 this afternoon. One of the most remarkable gatherings of all those along the first half of the Journey was at Omaha today. Although the special was reported behind time as a result of the incident at Chappell, many thousands stood In the long early morning hours awaiting Its arrival. Like Ghost Train When the funeral special finally came like a sable ghost out of the west and passed, its drivers grinding more and more slowly between the long ranks an absolute silence gripped the crowd. And the train Itself was like a veritable train of the dead. No signs of life or light apeared down its long length as it rolled in at diminished speed, until the last car came into sight. The windows of one compartment of this car were lighted from within, but still it was as though everything within was graven, so motionless were the guards bowed over their rifles, around the flag-draped casV.et. Omaha's floral tributes were added to the hundreds already received along the router which now fill one entire car of the special, besides those heaped high about the bier When the train reaches Chicago it will be taken over the belt line to the Baltimore & Ohio and will be started off on Its fast run through to the capital Its route wyi lie through Gary ar.d St. Joseph, Ind.; Deshler, Fostoria. Akron and Youngstown, Ohio; New Castle Junction. Laughlln Junction, near Pittsburgh, and Connellsville.

BLIND MAN’S BUFF C/£) VEN in this age of enlightenment some folks spend their money blindly. They buy with their if their eyes were bandaged. And all the time a powerful light is being thrown on the very things they need and want! Advertising is a beacon to guide you in buying. It shows you what to buy—where to buy—and when to buy. At the same time it protects you against fraud and inferiority. ... ’ / i Merchants and manufacturers who advertise deliberately focus thousands of eyes upon their wares. Their values must be honest and their prices right, or they could not advertise successfully. N t Don’t play blind man’s buff with the elusive dollar. Spend a few minutes each day running through the advertisements in this paper. Then buy the products that have proved up in the light of advertising. Read the Advertisements

Pa.; Harper's Ferry, W. Vt... and thence to Washington. Tonight lt will be crossing the late President’s home State. WILL MEET SPECIAL Brother of Late President En Route From Chicago. By United Press CHICAGO, Aug. 6. —A special train bearing Dr. Carl Sawyer and Dr. George T. Harding, brother of the late President, left here today over the Chicago & Northwestern Railroad to meet the eastward-speeding funeral train. Sawyer and Harding will meet Sirs. Harding at Sterling, 111., and consult with her regarding details of the funeral at Marion, Ohio, next Friday. COOLIDGE BEGINS HIS NEW CABINET (Continued From Page 1) their posts, the new' chief magistrate will—like all Presidents —also have his own friends advise him. Daugherty Power Suffers The political influence of Attorney General Daugherty has suffered an apparently Insurmountable blow in the death of the President. Daugherty’s health is weak and he is in no condition to gather up the fragments of h's organization. It is confidently expected he will resign his post and retire to private life. William M. Butler, Republican national committeeman from Massachusetts, Is being prominently mentioned as the leader of anew Coolidge faction. He is an attorney and close triend of Mr. Coolidge believe he ■will be appointed Attorney General. Then there is Frank W. Stearns, the Boston business man who is already recognized as the power closest to the President. He is proprietor of a department store in Boston and has been Mr. Coolideg s biggest "booster” for the last ten years. It was Stearns who brought Mr. Coolidge out for Governor and advised his campaign in the last national elections. Stearns and his wife are in the suite next to the President on the third floor here. They met the Preslednt in New York and undoubtedly will continue to live close to him in Washington indefinitely. Stearns is assisted by Ben Felt,

an advertising man of Boston, who is being mentioned by some now as a possible appointee to the post of presidential secretary. It Is thought, however, Edward T. Clark, now unofficially acting secretary, may continue. James B. Reynolds, who was campaign manager for Ms. Coolidge in 1920, also is mentioned In the group of unofficial cablneteers. He Is vice president of a Washington bank and lives here. Possibility that Augustus T. Seymour, an Ohio lawyer and friend of Daugherty, now acting as attorneygeneral, might be selected by Mr. Coolidge for the position Is being discussed. ‘ Daugherty, If he were permitted to name his successor, would choose Seymour, who has been .slated for the post before Mr. Harding died. Coolidge May Be Candidate Mr. Coolidge may be a candidate for re-election. Pleasing Daugherty by the appointment of Seymour might help him when the Ohio delegates go to the national Republican convention. There was also talk concerning the possible resignation of John T. Adams as chairman of the national Republican committee. One of Mr. Coolidge’s friends —Reynolds, according to gossip—might be appointed to that post. But while the talk went on under the surface, all official matters of State were at a standstill, awaiting the arrival of the body of the President at 1 p. m. tomorrow. Preparations have been concluded at the White House for the placing of the body of the departed President in the east room as soon as it arrives. There It will be viewed by immediate friends of the family. The State funeral will be held on Wednesday. It has been Mr. Coolidge’s express order that all official business possible wait over until Mr. Harding is buried. Labor factions here are greatly interested in the possibility of action of the new President soon in the anthracite situation. Mr. Coolidge is thoroughly acquainted with the dire need of anthracite in New England and he is determined suffering should be prevented. The miners and operators thus far have been unable to reach an agreement for the new wage contract, which must go into force Sept. 1 or a strike will ensue. It Is thought the President will take strong action if a strike is precipitated. When he came to Washington from Vermont, Mr. Coolidge was etrongly against summoning Congress in an extra session. Some of the leaders In the Republican ranks, however, believe December too late for convening of the national legislature. They are attempting to prevail upon him.

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