Indianapolis Times, Volume 36, Number 55, Indianapolis, Marion County, 12 July 1924 — Page 11

SATURDAY, JULY 12, 1924

LEADERS AnAIN' IW HIGH LEVEL IN BRISK TRADE Baldwin, American Can and Similar Issues Forge to Peak Prices,

Average Stock Prices

Average price of twenty industrial stocks Friday was 97.38, up 73. Average priee of twenty rails was A. 09. Average price of forty bonds was SJi. 52, off .06. B’J United Press XEW YORK, July 12. —Industrials gathered further momentum on the advance in the early dealings. In Baldwin American Can and similar leaders, the up swing was especially vigorous and fresh high levels were attained by this class of stock. Improvements in business of United States# Indust rial Alcohol In the last few weeks and advances of the stock to 73 s * against the low of in 1924, supports the'growing belief that the revival of industrial activity is at hand. Opening prices: General Electric 743 1 i : General Motors 14 % : Sinclair 17 % ; Erie 20 ft no %; St Paul 14 %. up %: SouthPacific 67 s , ; Lehigh Valley up is : A T & T. 173. off % : Bald* win 115%. up % : American Locomotive 80, up % ; Mar'and Oil 30%: U. S. Steel 100%. up %: Mack Bruck 90'a. up %: American Can 116. Stocks closed the week with a further exhibition of technical vitality, which embraced the three mjorclivlsions—the rails, industrials and public utilities. Vigorous bullish demonstrations were stirred in representative issues in each of these classifications and the whole market moved ahead, virtually without irregularity, through the short session. Reappearing group activity enliveped prices among the rails, ponforming with the indication of gradual Improvement in carloadings. Latest freight traffic statistics for the week ended June 23 cannot be Interpreted other than bullishly. While still below the corresponding period of 1923, they were, for the second week, above the -week before. Unless aij signs fail, it would jwern that traffic was now definitely on the up-grade. The market riosed higher. V. S. Steel 101 up I;.Baldwin 116%. off %: “Studebaker 37%: American Can 116%. up %: Wool worth 17, off % : Sinclair 17%.1 up h United Railways Investment pad 53%. un 3%: Rock Island 30%. up %; New Havgp 24. off % : B. & O. 60. up Jfi. Local Bank’Clearings Indianapolis bank elearines Saturday were 35.236,000, compared with $4.33* 000 last year. Total for week was 875.435.000. • Bank debits amounted to $5 880.000. compared with 36.649 000 last year. Total for week was $37,595,000. Foreign/Exchange Pr- *8 ■ YORK. July 17 —-Foruitn ex(■e clos'd sremerally higher. Sterling. flSill. Francs 5.15 c. Lire 4.30 \ c Belgian francs. 4.55 %c. Marks. 4.210 billion to the dollar Shanghai. 72 Yokohama. 41.75 c. Russia. 5.16 c. Chicaao Stocks IBt, THOMSON A- McKinnon) Real Silk. . 37 % 3914 37 % 39 14 Id MN new 4 % ... ... ... MAW .. 30% 30% 30 30 Ste-War .. 64 % 64 % 63 % 64 Util com .. 58 58 % 58 58 %

Produce Markets Freeh eggs, loss off. 24e: packing stock butler, 24c: fowls. 4% lbs up. 21c; fowl*, under 4% lbs.. 17c; cocks. He; Springers. 1924. 2-lb- size. 32c; young tom turkeys 12 lbs. up. 230: young hen turkeys. 8 lbs. up. 33c; old tom turkeys, 18c: ducks, 4 lbs. up. 13c; spring ducks. 4 lbs. up. 17c; geese, lO lb*., up 11c; equabs. 11 lbs. to dozen. $4. CLEVELAND. July 12.—Butter—Extra in tubs. 42ft43c: extra firsts. 41 ft 42c: firsts. 89@4ie: packing stock, 24 % @ 26 %c: standards. 41 ft 41 %c: prints. 1 Cent extra. Eggs—Fresh gathered Northern extras, 30c: extra firsts. 29c: Ohio f.-ets. 27c: Western firsts. 26c. Poultry —Live fat fowls. *4 ft 25c: leghorns, springer*. 26ft28e; legiiyrn. fowls, HOft 20c: roosters. 12 ft 14c; broilers. 33ft37: heavy spring ducks, 25ft 27c: old ducks 22 ft 23c. Pot .toes —Virginia, No 1 cobblers s3.Bsft 3.75; North Carolina, 63.25 ft 3 sm, NEW YORK. July 12. —Flour—Slow and firm. Pork—ftuiet. Mess—s2s.2s ft 28.25. Lard—Firmer: midwest spot. $12.30 012.40. Sugar—Raw. dull: centrifugal, 96 test. 5.09 c; refined, quiet; granulated. 6.70 ft 6.911 c. Coffee—Rio spot, 15% ft lftc; Santos No. 4 19%ft20 1 -*c. Tallow—Steaay: special to'-extra. 7 % ft 7%c. Hay—Firm No. 1. s^.softl6: No. 3 513® 13.50. Dressed xmultry—ftuiet: turkeys. 20ft 40c; chickens. 2Sft 43c: fowls. 30c: ducks. Long Island. 23c. poultry—-Quiet; acese. 10 ft 14c; 13ft23c: fowls. 19ft25c: turkeys. VHTsOe; roosters. 14c: broilers. 25 ft sue Cheese—Steady state whole milk, eommon to specials. 14 ft 26c; state skims, choice to special*, lift 13c: lower grade*. 4ft 10c. Bvifter —Firmer: creamery extras, 40%ft40%e; special market. 41 %ft 41 %c: Danish* 43 ft 43%c: Argentine. 37 ■939 c. Eggs—-Dull: fancy. 40ft42c; nearby state whites. 27% ft. 39c; fre*h firsts. '!6@32c; Pacific coasts. 31ft39e; western whites. 27% ft 39c. CHICAGO. July 12—Butter—Receipts. 20.082. Ergs—Receipts. 14,752. Cheese —Twin*. 19c; young Americas. 20c. Poultry—Reeeirts, 3 cars; fowls. 18@21e: ducks. 16c. springs. 20c: geese. 12e: springs, 18c: turl eys. 20e; rooster*. 14c; broilers. 28 ft 3*o Potatoes—Receipt* 315 cars. Quotations: Irish cobblers. $1 60ft 180: early Ohio*. sl.soft 1.60: Virginia cobblers. $3.75.

E. WASHINGTON DEALERS NAMED ON COMMITTEES Tlarry \V. Krause, President of Association, Announces Names. Committees announced today by Harry W. Krause, president ofthe El&st Washington St. Merchants Association, are: Membership—C. C. Hicks. chairman; A. E Roberts Irvin Vonnegut. Sam Mueller, E. J. Baker, Charles KoUeman. Phil G. Kerz, Harry Lindstaetit. Jacob Shalansky • Market —Phil G. Kerz, chairman; Julius Goldsmith, Frank Krause. John. A. Bury, Irwin Walker. \ Streets—Raymond Kiser, chairman: Elmer Steffen. William Off, Fred Krauss. A. J. Hueber, Frank Cirim. Lee Walker. Grievance. Constitution and By-Laws— Harter Kiser, chairman; Samuel Mueller. C. I. Baker. Elmer Steffen. Street Car —Simon Kiser, chairman: A S. Pierson. G. I. Baker. Charles Hartmann. Otto Lindstaedt. C. O. Bruton. A. M. Maguire. Coliseum—Sol S. Kiser. chairman; Frank Kotteman. Herman Grinsteiner. J* W Antrim. Joseph Schmidt. James Lilly. Albert Goldstein. Dick Miller, —Samuel Mueller chairman Kiser. Franklin Vonnegut, Frank L. F. Hurt. John Hook 'Advertising—Abe H. Goldstein, chairman: C. C. Hicks, Julian W; Schwab. Meyer Cohn. Leslie Meyer. Harry Lindstaedt. Edward F. RoAsch. Ralph Vonnerut Printing and Publicity—Ferd. A. Meye.r, chairman; Joe Nathan. Alex C. Byerly Joaenh Davidson. Hospitality—Charles F. Mode, chair, man: Henry J. IJuder. Ferd. A. Meyer. Dante! Greenwald. Ed Hagiand. C. P. Grennap M. Schuessier. Charles M. Aldag. Morris' D.-oadowiU. L. L. Bishop. Norman Joseph.

New York Stocks Railroads*— Prev. High. Low. Close, close. Atl C L 124 . . 12% .. . B& O ... 60 .*9 % 60 59 % CAO .'. .. 85% 86 85% 84% C. R A P. 30% 30% 30% 30Vi Erie 30 29% 30 29% Gt Nor pfd. 63% 63% 63% 63% Lehi Val . 48 % ... _ 48 % 48 % Mo Pac pfd 46% 46 Vi 46% 46% NTCen .105 104% 104% 104% NYXH A H 74% ... 24 24% Nor Pac . 63% 62% 63% 62% N A W 121% ... 121 121 Penn .... 45 44 % V 45 45 So Ry ... 64% 63% 63% 63% So Pac . . 93 % 93 93 % 92 % St P pfd . . 24 % ... 24 % 24 % St L A SW. 44% 44% 44% 44% In Pac ...137 136% 137 136 Vi Wab pfd . . 43 .... V3 43% Rubbers— Goodyear pd 46 % ... 46 % 46 % Equipments— Am Loco . 80 % ... 79 % 79 % Bald Loco .117% 116 % 116% 116 ft Gen Eiee ..244 V* 244 244 % 243% Pullman . .129% .. . 124%—' 134% West Elec . 62% 62 62% 62’% Steels— Bethlehem . 46 % 46 % 46 % 46 % Cytoratio F. 48% 47% 47% 46% Crucible . . 55 % 54 % 55 V* 54 ft Gulf States 71% ... 71 70% P. R. C A I 47% 46% 47 47% R I A Steel 47 Vi' 4T 47%, 46% U S Steel 101 100% 101 100 Motors— Chandler M. 47% 47% 47% 47% Gen Mot.. 14% 14% 14% J. 4 % Max M IA)51 % 50% -51 % 50% Ptudebaker. 38% 37% 37% 37% Stewart W.. 64% ... 6*"' 64% Timken . . 35 % ... 35 % 35 Willy*-Over. 8 % 8 S % 8 Yellow Mfg 54% ... 54% 54% Minings— Int Nickel.. 17% 16% 17 16% Tex G A S . 69% 69 % 69% 69 Coppers— Anaconda... 30% ... 30% 30V* Kennecott... 40% 40% 40% 40V* Cal Petrol. 22 ... 21% 21% Cosden .... 27 . . 26 % 27 Houston Oil 69% ... 69% 69% Marlaud O. 30% 30% 30 % SO % PA Pete.. 51% .... 51% 51 % P A P (111.. 50% 50 50 60% Pacific Oil 47 V* 47% 47% 47% Pro A Ref 26% 26 V* 26 Vi 25% PuresOil... 20% ... 20% 20% S Oil of C.. 57 ... 57 56% S Oil of X J 34 % 34 % . 34 % 34 % Sinclair ... 17% 17% 17% 17% Texas Cos.. . 39 ... 39 39 Tran C Oil. 4% 4% 4% —i % Industrials — Allied Chem 76*, 74% 76% 74 Amer Can 117%. 116% 116% 116 Arner Wool 71% 71% 71% 71% Coca-Cola.. 73% ... 73 73% Congoieum . 48% 47 48%. 48 s * Con tCan . . 54 % 54 % 54 % 54 % Davison Ch” 59% 57 59% 56 ' Faig flayers 79 % 79% 79*2 79% Gen Asphalt 44 % 42 44 42% Int Paper. 53% 50% 63% 50% Mont Ward 30% 30 30% 30 V* Owen Bat . 46% 45 46 . . . U S C I P 96% 96 96% 96 US I Alco 72% 71% 72% V 2% Utilities— A T and T 123’4 123 123% 123% Con Gas... 71% 70% 71% 70% Col Gas ... 42% 41% 42% 41% Shipping— Am I Corp 22 % 22 22 % l % 1 M M pfd 35 % 34 % 35 84 % foods — Am Sugar. 44 ... 44 43% Com Prod. 34% 34% 34% 34 Vi CuC Sup/d 61% 61% 61% 61 Cu-Ara Sug 29 % 29 29 % ... Punta -Alex 50 49 % 60 49 % Wilson A Cos 9 ... 9 8 % Tobaccos— x . m Tob Prod B 61 % 60% 60% 61%

CLOSING GRAINS SHARPLY fIIGHER \ % * Corn.,Continues Record High v v Prices* > By Vr.ited Paces CHICAGO, July 12.—Futures closed sharply higher on the Board of Trade Saturday. ' July and September corn continued~to establish new high record on the crop. For the first time since the present advance £ot under way. September corn sold above the dollar mark. Further unfavorable crop advances from Canada caused spirited buying in local wheat. Conditions over the domestic belt were favorable. Cash business was moderate. Heavy sales of the cash article and light receipts sent July and September corn into neve high territory. L>ecember was unchanged on better, crop news. Oats went up in sympathy with corn. Provisions showed sharp gains with grains, hog£ and heavy shipments.

- Chicago Grain Table —July 12— Prev. Open. High. Low. Close, close. July 1.17% 1.18% 1.17 1.18% 1.16% Sept 1.17 1.18% 1.16% 1.18% 1.18% Dec. 1.20 1.21% 1.19% 1.21% 1.19% CORN— July 1.07 1.08%~1.05 % 1.07% 1.04% Sept .89 1.01% .98% 1.01 .98 Dec .85% .85% .85% .85% .85% OATS— July .53% .54% .53’% .54%- .53% Sept .45% .46% .45 .46% .45 Dec. .46% .48 .46% .48 .46% LARD— July 11.75 11.75 11.75 11.77 11.70 RIBS— July 10.30 10.40 10.30 10 40 10.17 RYE— 0 July .80% .81% .80% .81% 80% Sept .80% .81% .80% .81% .80 CHICAGO. July * 12.—Carlot receipts were: Wheat. 30; corn, 37; oats. 46.

Cash Grain Saturday’s receipts. 33 cars. Prices quoted 41 V*C f. o. b. basis to New York, hay on track. Indianapolis bids for grain i at the Indianapolis Board ol Trade were; Wheat—Strong: No. 2 red. $1.12® I 1.14: No. 2 hard $1.1031.12. Corn—Strong: No. 2 white. sl.lo@ j 1.12: No 3 White. sl.lo® 1.12: No. 2 yel- ! low. $1.07® 1.09: No. 3 yellow. sl.oC<@ ! 1.08: No 2 mixed. $1.0261.04; No. 3 mixed. $1.0161.03. Oat3—Strong: No. 2 white. 58 0 57c: No 3 white. 55 658 c. Hay—Steady No. 1 timothy. $206 20.50: No. 2 timothy. 519019AO; No. 1 light clover mixed. sl9® 19.50; No'. 1 clover hay. $18018.50. —lnspections Wheat—No. 2 red. 1 car; No. 3 mixed, S cars. Total. 3 cars. Corn—No. 2 white. 7 cars; No. 3 white, 2 cars; No. 5 white. 2 cars; sample white. 2 cars; No. 3 yellow, 1 car. Total. 14 cars. Oats—No. 2 white. 1 car: No. 3 white. 8 cars; No. 4 white. 4 cars. Total, 13 cars. Hay—No. 1 timothy. 1 car: No. 2 timothy. 1 car. Total; 2 cars. Straw —No. 1 oats. 1 car. Total, 1 car. TOLEDO, July 13.—Wheat—St .22® $ 33. Corn —No. 2, $1.15®1.16: No. 3, $i .140 1.15. Rye—B2c. Oats—No. 2. 1 60%51c; Jio. 3 69 ® 60c. Barley—B9c. Cloverseed—sll.so; October, $12.50: December. $12.15. Timothy—September, $3.95: October. $3.85. Alsikfc—slo.6s; August. $ll.BO. Butter —42@43c. Eggs—r 26 027 c. Hay—s3o. CHICAGO. J'uly 12—Wheat—No. 2 hard. $12001.20%. Corn—No. 2 yellow. sl.lOOl 13: No 3. $1.0801.10: No. 6 $1.07; No. 2 miged. $1.09 VT: No. 3. $1.08; No. 6. $1,06 4: No. 3 white. SI.OB. Oats—rNo, 3 white. 5705714 c. Barley—--79 0 84c. Rye—No. 2. 8214 c. Timothy—s6 08. Clover —$11019.50. ST. LOUIS. July 12.—Corn—No. 3 medium. $1.13; No. 4. $1.12: September. $1.02: white; 50y59Vae: No. 3, 58'4 ® 59e: No. 4. 58c: July. 56 Vi a. Wheat—-July, 1.144 ; September 31.16% ; -December, $1.19%: No. 2 red, $1.27; No. 3. $1.25:

PORKERS STEADY TO NICKELHIGHER Price Range, $7,40 to $7,65 —Trading Dull, —Hog Prices Day iy Day— July Bulk Top Receipts .7. 7.25ft730 7.50 11,500. 8. 7.25 @7.30 7.50 15.000 9 7.50 ft 7.60 7.55 14%)00 ,40! 7.40fe 7.50 7.70 15.000 IY. 7.40@ 7.50 7.65 14,000 12. 7.40% 7.50 7.65 7,000 v -x T With hog receipts about 8,000 less than any day this week, prices advanced 5 cents at local stock yards Saturday. There were 1.542 holdovers. Heavyweights were bringing $7.65. Choice lots were selling at $7.65 wit hmedium Tots priced at Pigs were selling at $5 @7. Spws remained same as Thursday at $6.60f? 6.75 sos smooth packers and SG.4O(§ 6.60 for roughs. Bight mixed lots were •selling' at $7 1 ®7.50. of sales werg made at $7.40@ 7.66. Stgers were selling at a top price of $10.25. Choice cows brought $6.50 and choice heifers $9. Receipts were 100. Market was extremely dull. With the calf market slightly lower, calves were bringing a top I rice of $10.50. 'Bulk sales sold at SJO. Receipts were 300. Umh prices fell off a half to a top price of sl2. Sheep remained steady with a top price of $5.50. Receipts, were 200.

„ —Hogg Choice llglus . $ 7.50 Light mixed 7.00 ft .7.50 Medium mixed . 7.55 ft 7.60 Heavyweight* ...l 7.550 7.60 Pig* 5.00 ft 700 Sow* 0.60 ft 6.75 —Cattle— Steers, 1.250 lbs. up, ehoice.?lo.2sft 10.50 Fair to good . 8.006 8.50 Steers. 1,000 to 1,200 lb*.. choice 0,50 ft 10.25 Steers. 1,000 to 1,100 lbs . choice 0.50@ 10.25 Fair to good 8.000 8.50 Choice heifers 8.254 J 015 Common to fair heifers .... 6.00 ft, 6.00 Baby beef heifers B.ooft 9.00 Medium to common cows. . 3.50 ft 4.50 Choice ...... 6.00 ft 6.90 Cannars • • 2 75ft 300 Choice light bulls 5.000 6.25 Choice heavy bulls 4.00 ft 5 50 —Calve* — Choice veal* sll 00 Good Veals . . 7 50'S 8.50 Lightweight veals ... 7.25 ft 8.00 Common heavies 6.00 ft 6.50 Bulk of'sales . 10.50 —Sheep and Lamb* — Extra choice lambs 12 00 Heavy lambs 10. soft 11 90 Cul! lambs A 600 ft 7.00 Good to choice ewes 3.60 ft 5.00 . Dther Livestock CHICAGO. July 12—Hogs—Be<-eipt. 9*000: market fairly active, strong to 10c ,up top, $7.70: bulk. $7.20ft7.60; hcavyvvi iglft 57.55ft7.70; medium $7.55ft 7 70: $6 [email protected]: heavy packing, smooth, $6 90 @7.50 packing sows. rough. ,$6 55 ft 6 90; slangntcr pigs. [email protected]. Cattle —Receipts 600; compared last week, feed steers steady to weak, yearlings strong (/> 25c up; early decline regained; all killers interested: early top matured steers $11: beet yearling*. - $10.25; psrt load. $lB 60. yearlings heifers. $9 50: grain fed cows and bologna bulls 35ft50c up; grassy cows ssc up canuers and cutters show latter advance; beef heifer*. 50@75c up; vaelers 75c up; stoefcers and feeders nominally steady: weeks price*, beef stjper* and yearlings $8 50ft 10: stookers and feeders._ss.2s@ 8.76; fat cows $4 50ft 6.75; beef heifers. $6 8508 50; canners and cutters, $2.50 @3.50: veal calves. $10.25011.50. Sheep—Receipts, 2.000; market. l<lay s receipt* mrfstly dlrei-t market steady; two loads fat naiive lambs $18.50; culls. $0; for weak In.GOO diroct: 199 cars ietd lot: compared last week fat range lam lie fully $1 off; fat native lambs 25@00 off: fed yearlings and wethers around 75c off: cull naiive steady: sheep 25 @ 50c up ; most advances on heavy ewes feeding lambs steady; top range iambs. sl4 60: native $13.25 014.75; fat i yearlings. sLo2>o@ 12.25: fat ewes, $4.50 @5 75: feeding lambs. $11.50012.

New York Liberty Eonds —July 13— High. Low. Close. 3%s 101.11* 101 U 101 11 let 4% s 101.30 101 30 101.30 2nd4%5—... 101.13 101.11 101.13 3rd 4% s 103 7 102 .3 102.7 4th 4‘is 108.1 102 102. New Gov 104 22 104.22 104.32 Births Boy* Harry Nellie Poland 3740 W. Washington St. Walter and Ada Letcher. 007 Villa Aye Claude and Mildtgii Shafer, 2002 E. St. Clair. I.nrenzo and Ethel Perry, Methodist Hospital- / John and Mary Robertson. St. Vincent's Hospital. I Garret and Emily Clapp. St. Vincent's Hospital. William and Goldie Bcott. 739 W. Twelfth St. Marion and Monta Vinson, 67 S. Dearborn. John and Helen Buneriu, 445% W. Washington St. Louis and Helen Brewer. 3102 Brookside Parkway. James and Mabel Day, 121 S Liberty. Vincent and Emma EagUn. 905 N. Tremont. Girls James and Louise Parker, 1233 E. Seventeenth St. Charles and Beula Botner. 3305 E. Washington St. Bernard amt Evelyn poster, 1124 Fletcher Ave. Albert and Fannie Graber. St. Vincent’s Hospital. Charles and Mae Langroold. St. Vincent's Hospital. Walter and Margaret Kibler, St. Vincent's Hospital. John qd Catherine Ready. 218 Ohraer Ave. Raymond and Irene Kohee, Bt. Vincent’s Hospital. SP Ralph and Evelyn Ferguson, St. Vincent’s Hospital, William and Rose Mary Taylor. St. Vincent's Hospital. Elston and Frances Sedeastick, 24!) N. Keystone Ave, Daniel and Mary McAllen. 440 N. Las*lle St. / Ira and Anna Coppess. 46 9. Lasalle 9t. Hershell and Olive Barrett. 1308 Harlan St. r

Deaths Helen Gorton. 49, city hospital, aotßo cercbro-splnal meningitis. William O. Asbury. 41. Ogden and Pratt Sts., eleetricution (accidental). William Veight, 64. city hospital, cerebral apoplexy. Helen Ashley. 64. 1946 Ruckle, cerebral hemorrhage. Maurice John Crssen. 5, 2110 Boulevard PI, acute gastro enteritis. Christena Louisa Meyer, 71, 1114 N. Kealing Ave, arteriosclerosis. Infant Jones. 14 days. 655 Muskingum St, acute gastro enteritis. Beniamin Granville Garrett, 57, Methodist Hospital, carcinoma. Emma Weatherly. 46, 733 Indiana Ave, acute gastro enteritis. v Frank Adamson, 12. city hospital, chronic myocarditis. Tank Wagon Prices (Gasoline prices do not include State tax of 2c a gallon.) GASOLINE —Energee, 22c a gallon; Pv.rol. J 8.20: Red Crown, 18.2 c; Diamond, 18.2 c: Silver Flash. 22c; Standolind aviatipn. 23c KEROSENE—Crystaline. 12.7 c a gallon: Moore Light. 15.5 c: Ardite, 12.7 c; perfection, 12.7 c: Solvent. 35c. NAPTHA—Lion Power Cleaners, 22.6 c a gallon;. V. M. A P, 22.6 c; Standolind Cleaners, 23.6 c. HayiVlarket Prices Wagon load lot prices hay and grain at Indianapolis are as follows; *"*' Timothy—slßft 3C a top: mixed. /520@ 2B; baled, 18®22. Corn—B3@/Boc a f^lats— s(Lfts2o a bushel- / Straw

■TH® INDIANAPOLIS TIMES

Giant Engine to Be Shown Here

r v ■ ' ' V- ' ' f -.x4

Indianapolis, Monday and Tuesday, will have a chance to see whpt is said to be the world’s largest and most powerful electric locomotive.^. The giant engine will be exhibited by the General Electric Company and Chicago, Milwaukee & St. Paul railv/ay on Pennsylvania' railroad tracks at Virginia Ave. and Delaware St. Technical men describe the engine as the bipolar, gearless type.

Prize Baby of South.

THEY RAISE SOMETHING BESIDES COTTON IN THE SOUTH. CHARLES JR., FOR INSTANCE, IS QUITE THE FATTEST B£BY. gOUTIF'OF THE MASON DIXON LINE. HE LIVES IN LOWNDESVILLE, S. C., AND HAS WON MANY "HEALTHY BA--0 B S Y" PRIZES; , m ■

TIN CANS CONSER VE BILLIONS OF DOLLARS

California Produces and Pro serves Over Half of Total Outturn, The growing importance of the tin can in of the United States is illustrated by some recent -Government figures on the outturn of tha establishments devoted Jo the canning and preserving industries and the distribution of their products throughout the world. The value of the canned foodstuffs passing through the ports of continental United States ip 1923 was over $100,000,000 against about $25,000,000 in the year preceding the war. Even this $100,00.000 a year of the valup of canned foodstuffs passing through our ports is a trifle*, says the Trade Record of the National City Bank of New York, when compared with the quantity produced for our own The total value of the outturn of the canning and preserving industry Inxthe United States in 1919 exceeded billion dollars, and was more than six times as great as that at the beginning of the centupyOne point of interest in T Marriage Licenses Frank J. Kiefer. 27, 1738 S. Delaware, clerk Big Four Railroad; Sylvia C. Montgomery, 21. 1101 W Thirty-First St. Max B. Merritt, 26, 1039 Congress, accountant; Theljna M. Hessong, 24, 939 Congress. Shelton H. Conarroe, 44. 1610 N. Ob ne.v. mechanical engineer; Bessie 3600 E Washington, teacher. Prince A. Hazzard. 33. 3157 Kenwood, Atkine Saw Works; Bertha L. Collins, 30, 1187 Roach, teacher. Simon L. Camiii, 29. 1042 S. Illinois, tailor; Harah A. Cambri, 20, JO4l S. Capitol. Albert G. Martin, 22, 1315 N. Bevtlle, machinist; IrSne L. Wiese, 18, 21!i0 E. Twelfth. I George A. Lucas, 30. FAkron. Ohio; physician; Helen B. Clawson, 23, 411 N. Delaware, bookkeeper, Charles F. Lugar, 63, Oregnsburg, Ind„ New York Life Insurance agent; Y‘ f gie C. Lugar, 65, 729 E. Forty-Eighth.

New York Cotton Futures ' Open. High. Low. Clase. January ... 24.18 24 0 23.98 24.47 March .... 24.33 24.85 24.23 24.84 Mav ...... 24.43 24.90 5 24.42 24 76 July 29.75 ,29.98 29.62 29 94 October .; . 24.00 35 47 24.73 25.26 December . . 24.33 24.80 24.10 24.57 S New York Curb Market Acme Packing .. . 2 5 Curtis Aero, com 18 18% Dubiliers 43 43 Vt Mutual Oil 9% 9% International Petroleum ..17 4 17% Prairie Oil and Gas 208 209 U S Light and Heat 60 70 U S Light and Heat pid. ... 90 100 Yukon Gold Mine Cos 40 60 United Verdp 22 4 34 Omar Oil 62 65 Rtauudard Oil. Indiana ... 56 ,*f>64 Standard Oil, Kansas 39 % 40 Standard Oil. Ky 107% 108 Vi Standard Oil, N. Y 39 39% Vacuum Oil 62% Jf2%

Through a regenerative breaking process, the function of twelve motors is reverted on long down grades, generating electricity and thus restoring from 40 to 60 per cent of power us^td. A fleet of sixty-on* engines -Is opevated by the Milwaukee over 649 tpiles of railroad through'the Rocky and Cascade mountains. “The Leviathan of the rails" is seventy-six feet long and weighs 265 tons.

ft study of this great industry is the faifrt ttovt it adds to the permanent foodstuff supply of the country c-normous quantities of natural products v.hlth would be lost unless promptly utilized. It a little rno'pe than a century, says the Trade Record, sikee that distinguished Frenchman, Appert, gave to* the world hjs invention for the process of hermetically sealing foods 'for futJtre use especially at sea,*'ano by IS2O the system had been put practical use in England, the United States parts of (file world. Tha quantity .of perishable food products now transformed Into condition available for months ar#i even years after Its growth and at points thousands of miles distant from the place ffif production is beyond comjiutation. The value of the food used in* the canning Industrie# of the United States exclusive of that canned in the great meat packing establishments was in the single year 1919 over $400,000,000, much of which no doubt would have been lost. 1 The word "can’* as utod in this connection is believed to have originated as a bookkeeper’s abbreviation of ttye term “canister,” by which all metallic containers of hermetically sealed goods were designated in the early days of the Industry. Our canning industry which developed on the eastern frontage of the country gradually extended to the Missismßippi .valley, and then to the Pacific coast in the conservation of its enormous supplies o ffruits, vegetables and fish. In frpFts and vegetables alone the state of California supplied about one-half of the $248, 900,000 worth of outturn in 1921; in preserves and pickles-the States of New York aad Pennsylvania turned out about one-liSlf of the sli 3,000,090 of output of the country. colleges in the United States, Which were first established in 1862, now number 68, of which 24 are State universities, 27 are colleges apd 17 are Institutions for colored persons.

70/ With The 7% Cumulative Prior Lien / SafcUi Stock of this Company is a sound TAX. investment, based upon the sta- * FREE bility, grtywth and prosperity 'ftf the 100 or more communities rupkr\%l£ym served with Electricity, Gas or SUPERVISION Wter> all public necessities. This Stock is tax exempt in Indiana and free from normal Federal Income Tax. ' Price, SIOO per ahare and accrued interest. Gash or on dfferrfttf-'payments Interstate Public Service Company Room 714 Wild Bldg. Indianapolis, Ind.

PHONE VALUATION WEIS OPENED ((Vmlinued From Page 1) ’ have resulted in an increase of $1,000,000 to $1,200,000 annually ’n the company's revenues in Indianapolis alone. Ajst what effect the rate agreement will have in the seventy exphanges outside of Indianapolis will be known until a complete compilation of petitions on file with the commission Aug. 11, 1923, has been made. It is known that in some instances these rates are slightly higher than those initiated by the eompany ,Juty 1. Mosser Sews Justification The outcome of the Federal Court case was interpreted as a justification of the attempt of the Indiana Chamber of Commerce to settle the question amicably, by George M. Mosses, managing director of the company. The attempt failed when State and city officials refused to attend the meeting. "The effect of this action was precisely what might have been accomnlished outside of court if both sides Had corps together in a spirit of conciliation,’ 1 ' Mosser said. Attorneys, for the company made a determined fight in Federal Court to retain the rate schedule put in effeet July 1, but their efforts failodwhen Judge Page refused to sustain their contention and himself suggested the basis of the agreement. Tbe order directed the telephone cQmpap-y to supply the commissiiui with inventories, statements and information which the commission may require directly os "through any of its departments, examiners, auditors, engineers, in v e stigators, agents or Representatives." Utate Job - This clause is considered significant in view of the announcement that the commission will depart from its previous custom of accepting inventories made by the utility itself, but will have its own engineering and researclj department do the

yhe order stated that later a "date for a public hearing will be set. This date will apt be before September at earliest, commission members said, owing to the large amount of detailed' work necessary before the hearing. Details of organization for the investigation and hearing were discussed long session of the commission. There is a marked spirit of \letermination on the part of .commissioners to make the investigation a thorough one. The entire engineering ami research force of she commission probably will be used in obtaining data. Presence of Taylor E- Groninger, corporation counsel of Indianapolis, and E. W. Bemis and Walter J4*-tnis, utility experts of Chicago, 111., who assiated the city in the. water rate cpse, gave rise to the repot* that the Demises may be employed by the commission m the 'present case.

Air of petermlnation There was a marked air of optimism and determination among State flfflcials. Apparently the victory before Judge Page Friday, the first obtained by ttye State in alj Federal Couri. utility litigation, had put a lot of fight in the commission. “Judge Page made it clear that the telephone company is not above the State of Intyiana,” Groninger said. "The right of the commission to make rajes was definitely settled.” U. 8. Lesh, atmrney general of Indiana, also regarded the outcome as a marked victory. He dismissed the filed in Superior Court 2 before Judge Linn D. Hay. The case in Superior Court asking that the charter of the Indiana Hell Telephone Company be annulled will be prosecuted, Lesh said. Tha agreement with the company Monday in po way affected this suit, he declared. * , Costs Are Limited Reports that the commission will be called upon to pay costs amounting to $70,000 or more ns a result of Judge Page's ruling on the question of costs Friday, were set at rest by Lesh. He said the commission would have to pay only regular court costa, and not salaries of experts, lawyers and other employes. The commission has in the past considered such expenditures by a utility as a legitimate operating expen*. FRANK H. CARTER, President. L. E. YUNCKER, Vice President. C. J. WAGNER. Cashier. Report of the condition of the Slat* Bank of Massachusetts Avenue, at Indianapolis in flip. State of Indiana, at the cluae of business on June 30. 1924. RESOURCES Loans and discounts $170,229.78 U S bonds 80.000.00 Other bonds and securities.... 6,547.50 Furniture and fixtures 2,400.00 Due from banks and trust companies 24,172.40 Cash on hand . . 10.334.09 Cash items f 110.00 Total resources $'A48.793.77 LIABILITIES Capital stock—paid in $ 25.000.00 Surplus 3.250.0 p Undivided profit*—net. 2,300.55 .Demand deposits.sl23.oo4.9B Demand certificates 17.300.00 Savings deposits 47.341.20 — 188,240.18 Certified checks 00.08 U. S. war loan deposit account 29.876.90 Total liabilities $248,793.77 State of Indiana, County of Marion, ss: I, C. J. Wagner, cashier of the State Bank of Massachusetts Avenue, dd solemnly swear that the above statement Is true.. C. J. WAGNER. Cashier. ! Subscribed and sworn to before me, this 3rd day of July, 1924. (SEAL) T. F. SMITH, Notgry Public. I My commission expires Feb, 25, 1926.

Talks in London Bernice Blackwood of Chicago, nominated for the chairmanship of the Federation of Women’s Advertising Clubs, will speak at the annual convention of the Associated Advertising Clubs of the world in London. The meeting opens July 13. Miss Blackwood is executive secretary of the Advertising Specialty Association and retiring president of the Women’s Advertising Clubs. Paper Maker Lists Debts A voluntary petition in bankruptcy was filed in Federal Court today by Samuel I* E/iam, paper manufacturer of Marion, Ind. Elam s assets were listed at $507!78 and his debts, $95,373.31. Most of the debts were to other paper flrrps-

Washington Bureau * __ The Indianapolis Times 1322 New York Ave., Washington, D. 0. Any one of the following booklets may be obtained for fiva rents. Any two of them may be obtained for eight cents, and any, three or more at i:he rate of three cents each in postage stampb or money order. (Clip from here down. Send the coupon to Washington address, not to Indianapolis.) I have marked an “X” beside the bulletins on the list be* low which I want and enclose cents in loose postage stamps for same:

ones marked “X” to— Name Street and No • • • - •>*••• City State.... AM USING CHILDREN*- A bulletin telling how to make homemade toys, Christmas ornaments, paper dolls, etc., to keep the youngsters busy and happy. £ art OF DRESS —A bullet n compiled from expert sources which covers styles, materials and suggestions for dress for all occasions. ____ < THE BEAUTY BOOKLET —A bulletin compiled by experts containing recipe*, formulas and suggestions for all sorts of beauty and toilet preparation*. ___. .... YlriE BRIDE’S BOOKLET —From the engagement to the honeymoon. what you want to know about everything connected with the wedding; CAKES~AND~COQKIES —Recipes of all kinds for many dainty and toothsome cakes and sweets for parties, functions and s everyday use. _ CARE OF CANARIES—AII about your pet birds, how to care for them, feed them, what to do when they are sick; how to breed and rear the yellow songsters. CONGRESS —*The inside workings of the national legislative machine; how it operates, how laws are made aiur not made, and facts and figures about the legislative body. OF THE U. S.—A neatly printed, vest-pocket 'edition of the fundamental law of the U. S., with full text and all the amendments. 1 CANDY-MAKING AT HOME —A complete manual for the homecandy maker, containing full directions and hundreds of recipe!” for candy-making. > HOME CANNING OF FRUITS AND VEGETABLES—An indispensable kitchen manual prepared by government experts on canning methods. _ Concrete foundation walls and basements—How to mix and pour concrete, witty formulas and full directions for its use. v CONSERVES, JAMS, MARMALADES and PRESERVES— Tells how to “put up” all these dainties in your ow% kitchen for winter use. ’ __ ETIQUET FOR EVERYBODY —A complete condensed manual of etiquet for all occasions. How to avoid embarrassing situations gracefully. FLOORS AND FLOOR COV ERI N GS—Every thing about floors, from how to lay, finish and polish them, to what carpets, rugs or other coverings to use. FOOT!) FOR YOUNG CHILDREN —Full of valuable suggestions for the mother of young children, with recipes and suggested menus, scientifically worked out, THE- CARE OF GOLDFISH—Valuable suggestions, prepared by government experts, on the proper care and feeding of your aquarium. MEAT DISHES—A cookery bulletin dealing with all sorts of meat dishes; recipes and full directions are given. __ m REMOVAL OF STAINS —This book is a chemistry textbook In simple language, telling anybody how to remove any sort of stain from clothing and cloth material. ' SALADS AND SALAD DRESSING—FuII of suggestions for dainty salads and dressings, by means of which meals may be varied by the housewife. SANDWICH SUGGESTIONS —Contains sixty suggestions for dainty sandwiches. Solves the problem of "what to havtl* for lpnchoon. / HOW TO PLAY MAH JONGG —booklet giving authoritative rules of the game and a clear explanation of how it is played. Every step is explained. ____ SOUPS —A cookery bulletin containing recipes for all kinds of- - soups, compiled with the advice of government expert dietitians, SCHOOL LUNCHES —A bulletin for mother to tell her how to prepare simple, but nourishing midday meals tor the boy* and girls to carry to school. _ WEDDING ANNIVER3AR'LftA&TIES—A. booklat showtflg the proper gifts for each of the anniversaries from the first to the 75th and suggestions for menus, etc. WHITEWASH AND COLD WATER PAINTS—A manual for mixing and applying such paints Inside or outside to get the most satisfactory results. DEBATES MANUAL —An excellent booklet for the school boy or girl. Gives outline of debate methods, lists of subjects of ' current interest and general hints. PIES, PUDDINGS AND PASTRIES—A booklet containing flftysix recipes for delicious desserts and how to serve them. h HOW TO DANCE —A six-page booklet fully illustrated, show* v"l lng the novice, the correct positions ahd dance steps of the standard dances, with full instructions

FARMERSTO BUY GRAIN COMPANIES Plan Has Been Approved by Farm Federation, By United Press CHICAGO, July 12.—Consummation of the much-discussed sale of five leading grain marketing companies of the country to American farmers in the near future was forecast today by the American Farm Bureau federation. The deal, involving between $15,000,000 and $25,000,000 has received the tentative approval of the federation. A statement issued by the bureau follows in part: "We favor the principle and undertaking involved in _the said proposal to the end that a farmer-owned and operated cooperative marketing organization be set up, providing all the legal and business details can be satisfactorily worked out and agreed upon." A special federation committee has been looking into the proposal for several daj’S. in taking over the grain companies, it is proposed Vo organize anew corporation under the Illinois c "KTperative marketing law passed if 1923. Capitalization of the coris'nation would be around $10,000,0(0. Asa cure for barking dogs, an Austrian town has imposed a tax, starting with 100,090 crowns on the first dog kept, and doubling tax on each additional dog. -?

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