Indianapolis Times, Volume 36, Number 67, Indianapolis, Marion County, 26 July 1924 — Page 11
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WEEKLY REVIEWS IPORT INCREASE IN TRADE ACTp No Indication of Let Up\ in Upward Trend on 1, Exchange, j Average Stock Prices j— Aevera?e price of twent ymdi’Ptriai stocks Friday was 90 60, up .24. Average price o ftvfentj rails was 90.40 lip .30 ,o new 1924 high Average price of forty bonds was 91.11. up .05 to new 192-f high. By United Pres* } NEW YORK, July 26.—Th* weekly mercantile reviews were* characterized by a complete change in sentiment, as compared witih a few weeks ago. Then, they reported stagnation in general business, but now they describe Increasing activity In steel, dry goods and leather and increased buying of automobiles. This acceleration was pointecNout as the probable forerunner of a general expansion of business in the autumn. No indications of a let-up in the main upward trend of security prices was observed In tha early dealings. C. & O. went into new high ground at the head of an advance ilJPhe rails, while the industrials were generally strong. Opening prices: Southern Railway 66; Atchison 104%. up %: Pan-Petroleum 56. up %: Pan American (B> 55%. up %: Kennecott 45. up >4 ; B. 4 O. 63H, up % : Studebaker 37% : New Haven 29%, up ’a : C. & O. 90. up Vi; Bethlehem Steel 43%: Allied Chemical 78%. up IS: Erie 33 % ; Consolidated Gas 71% up % Union Pacific 143 %. up % : Cuba Cane preferred 66%. oft %: American Can 117%. off %; South- m Pacific 95. off % : Baldwin 118%. off %: Anaconda 35%. off %: American Sugar 46. up %, Reading 61 u. up %.
Industrials Show Strength General buoyancy throughout the two hours' trading ended in a further outburst of strength among the leading industrial stocks and furnished a fitting climax to the steady forward -movement on the Stock Exchange for the week. After a slow start among the principal issues, illustrative of which was Steel common’s failure to appear oh the tape for more than thirty minutes after the opening, this class of stocks developed activity at rising prices as the brief session progressed until rjew highs on the movement were established in such leaders as General Electric and Can. Rails Continue Upward Rails to pursue the even tenor of their upward course. C. & O. led.the standard investment issues, while Rock Island was the outstanding feature of the mediumpriced class. June earnings reports of twenty railroads showed a net of 121,506,000, as against only $18,559,000 for the same roads In May, a *over the previous month of per cent. The market closed higher. XJ. S. Steel, 1.01 H. up % ; Baldwin. 1.18. up 1: American Can. 1.20%. up 2 H ; Pan-Amer-ican Petroleum. 55 %. up % : Anaconda. 38 %. up % : Rock Island. 36. up 1; Southern Railway. 68: Norfolk & Western. 1.22%, off % : New Haven. 29 Vi . off ’a: B. & 0.. 64. up % : Texas Company. 40 Vi.
NO IMPORTANT CHANGES Trade Conditions More Stabilized, but No Revival Before August, By Times Special NEW YORK. July 26—Moody’s Investors Service in a review of the week's market says; “While no important fundamental changes have taken place in the financial situation, and general business conditions remain at a standstill, the activity and strength in the security markets seem logical enough. With interest rates continuing low and with the wave of optimism which is being created by the outlook for a successful settlement of the European problem, and with the more constructive prospects in domestic politics, a fax-reach-ing return of the confidence is naturally first reflected in Wall Street. “Trade conditions are ,becoming more stabilized, but the progress in laying foundations for a business revival is not likely to show itself Above the surface until t£ie latter part of August, as there is no great industry which does any heavy buying at the present season. Local Bank Clearings bank clearings Saturday $3,026,000; for the week. $17,324,Bank dabits amounted to $5,206,000; tor the week. $31,667,000. New York Liberty Bonds —“July 20 High. Low. Close. Ist 4%’ io*i.l3 ioT.io io2lo 2nd 4%s 101 25 101.23 401.23 3rd 4% s 4th 4% s 107.1 4 102.11 102 14 JSew Gov 105.0 105.5 105.5 Foreign Exchange MEW YORK, July 26—Foreign exchange closed steady Sterling, demand. $4,40 1-16: francs. 5.12 c; lire. 4.32%0: Belgian. 4 60c; marks, .-4,210.000.000.000 to the dollar: Yokohama. 41.25 c; Bus-, elan, 5A6e; Hong Kong. 53c. New York Curb Market Cities Service 137%® 138 DuMliers 54% ® 55 Ford of Canada ......... .442 -^448 Gulf Oil ,\SB ® 59 Indiana Pipe ............ 90 ® 92 Mutual Oil 10% ® 10% Ohio Oil 61 ® 61% Prairie Pipe ~. . .105% ® 106 Prairie Oil and Gas .... . .212 % ® 213 Royal Canadian .......... 5% ft 5% Stutz 6% (g 7 % Standard Oil, Indiana ..... 57%® 57% Standard Oil. Kansas ..... 40%® 41 Stand Oil. Ky 111%®111% Standard Oil, N. Y........ 40 41 Vacuum Oil 62 % ® 02 %
Chicago Stocks (By Thomson Sc McKinnon) Open. Htgh. Low. Close. Beal Silk . 38% 3S % 38% 3K% Com Edi .128 128 >4 128 128 >4 L MdN new. 5% 5% 5 5 M Sc M... Pick 17 4 17 % 17 Vt Reo Mot .. 16 4 Swift Cos .103t4 108% 103% 103% Swift Inti . 21% 21% 21% 21% SBe-War ..64% 54% 54 54% In Carb ..50% 60% 50% 60 Wahl 24% 24% 24% 24%, Wrig" 41% 41% 41 41% YeUTaxi. . 49% 40% 49 49 Mbvj York Cotton Futures —July 26 NEW YORK. July 26.—Cotton opened higher:' July. 28.25 c, up 38: December. 27.45 c, up 50: January. 27.50 e, up 60. Open. High. Low. Close. January ... 27.50 28.50 27.50 28 42 March ..., 27.67 28.70 27.37 28.75 May ...... 27.74 28.75 27.73 28.75 October .... 28.23 29 41 28.25 29.35 Decamber M 27.45 28.50 27.45 28.40
New York Stocks
(By Thomson & McKinnon) —July 26 Railroads— Prev. \ High. Low. Close. close. Atchison ..105 104% 105 104%B. Sz O. 64% 63% 64 63% C. A 0 89% 88% 88% 88% Del A Lack 131 % 138% 130% ... Erie 41% 41 41% 33% Gt Nor pf<rf>B% ... 68% 68% Lehigh Val 5b% 51 52 Mo Pac pfd 50% 50 49% N Y Cen .108 ... 107% 108% NY, Su&H 29% .. 29% 29% Nor Pac . 87 00% 66% 67% Nor A- W.. 123% ... 122% 123 Pere Marq.. 50% .. ■ • 56% 56 % Pennsylvan. 46 45% 46 45% Reading . 62% 61 61% 61% So Railway 66% 65% 66% 60 So Pac 95% 95 95% St Paul pfd 28 % . 28 % 28 % St L A- S W 44 43 % 44 43% Union Pac 143% 143% 143% 143 V* Wabash pfd. 45 44% 44% 4% Rubbers— V Goodyr pfd 57% 56% 57% 5*% Kelly Sp* 1% ... 14% 15 U S Rubber 35 £ 30% 30% 30% Equipments— Bald Loco 118% 116% 118 117 C-en Llec.. 255 249 254% 248% Pullman ..125% ... 125% 125 West Elec.. 64 63 % 04 63% * Steels— *** Bethlehem. 43% 42% 43% 43% ColO Fuel.. 45% 45% ..45% 45% Crucible . . 54 % .\ . 64 % '54 % Gulf States 71% ... 71% 71% Rep I A S 46% 46% 46% 46% U S Steel 7101% 101% 101% 101% Motors— Chan Mot . 48 % ... 48 47 % Gen Mot .. 14% 14 14% 14% Max M A . 51% 51% 51% 51%, Max M B . 12% ... 12% 12%' Studebaker 37 % >37 % 37 % 37% Stew-War , 64% 54Vi 54% 54% Timken ....34% 34% 34% 34% Wil-Over .. 9% 9% 9% 9% Yel Mfg .. 54-% ... 54% ... Minings— In Nickel .. IS 17% 18 18 T G A S. . 74% 74 74% 73% Amer -Smelt 69 % ... 69 68 % Atuvonda .. 36 % 35 % 36 % 36 Kennecott . 45 % 44 % 45 % 44 % Oils Cal Petrol. 22% ... 22% 22% Cosden ... 28 % ... 28 % 28 % Mar Oil .. 32% 32% 32% 32 k P-A Pete .67 60 56 % 65 H PA P B .. 56% ... 55% 65 Pac OR . . 48 VJ 48 48 % 48 % Pro A'Ref. 27% ... 27% 27 Pure Oil .24% 24% f 4 24% St Oil Cal. 58 % ... 58 % 68 % St Oil. N.J. 36 35% 36 35% Sinclair ... 17% 17% 17% 17% Tex C 0... 40 % ... 40 % 40 % Tr Con 0.6 5% 6 5% ' Industrials— A1 Chem .. 78% 78% 78% 77% Adv-Rum .11% 11% 11% ... Am Can.... 120% 117% 120% 118 Am Woolen 72% 71% 72% 71 % Coca Cola. . 73% 73 73% 72%, Congoleum.. 47', 46% 47 47 Cbnt Can.. 56 65% 56 55% Davison Ch 59 % 58% 59 59% Fam Play.. 83% 83% 83% 84 Gen Asphalt 43% 43% 43% 43% Inter Paper 54% 54 s*4* 54 Mont A W.. 33% 32% .33% 32% Seal-s-Roe.. 101% 98% 101% 98% U S In Al. 70% 70% 71 Utilities— Am T A T 123 ... f 123 123 Con Gas . 72% 71% 71% 71% Columbia G. 42 % ... 42 41 % Shipping—i Am Int Cor 22 % „. . 22 % 22 % In. MM pfd 37% 37% 37 'J 36% Foods— Am Sugar.. 47% 40 47% 45% Am B Sg.. 43% 43 43 42% Corn Prod. 34 % 34 % 34 % 34 % C C Sg pfd 65% 66% 67 % 66% C-Am Sugar 32 % 32 32 % . 31 %, Punta Alar 55 % 54 % 55 % 54 % Tobaccos— T Prod (B) 63% 62% 63 63%
WHEAT BREAKS IN' -ON HIGHER LEVEL Rise Reflects World’s Acute Shortage, V •* 0 By United Press CHICAGO, July 26.—Grains closed sharply higher on the Board of Trade Saturday, with wheat going into new high ground on the crop. No {jew developments entered into the wheat pit to cause any spirited buying. The price advance merely emphasized the world actne shortage of bread grains and the realization of foreigners that recessions in val_ue:P cannot be expected. Corn sentiment was admttedly bearish, but strength in wheat carried that market to a higher close. Shortage of Canadian growing oats justified the upturn in oats. Provisions closed higher with grains and some foreign inquiry. Chicago Grain Table —July 26 WHEAT— Pre4. Open. High. Log. Close, close. July 1 34 1 38% 1.34 1 36% 1.32% Sept 1.32% 1.35% 1.32 1.35% 130% Dec. 1.35% 1.38% 1.34% 1.38 1.38% CORN— July l.np% i ll >4 1 09 1 09% 108% Sept 1.05% 1.07% 1.04% 1.06 IA4 % Dec.. 94% .95% .94% 95% .93% OATS— , July. .55% .55% .54% .55 .54% Sept. .47 % 49% 47% .49% .47% Dec. 50 % .51% 60 .31% .49% , LARD— July. 13.00 13.05 13.00 13 05 12.95 RIBS—•JuIy... 11.40 11.25 RYE — e* July. .86% .91% .88 .91 .85 % Sept. .89% .94% .89% .94% .88 •Nominal. . CHICAGO. July 26. receipts were: Mfaeat. 225: oats. 60; corn, 133. CHICAGO iuly 26.—Wheat—No. 2 hard .51.36*4 & 1.43% . Com—No. 2 yellow. $1.10©1Y2%: Xo. 3. $1.09% @ 1.10%: No. 2 mixed. $1.09% <@1.11% : No. 3. $lO9 ©1.09%: No. 2 white. $1.10% 'a 1.12: No. 3. $1.09%: No. 4. $1.09. Oats—No. .3 white. 54 ® 55c. Barley—Bo®B3e. Rye—No. 3. 91 %e. Timothy—so.7s,<3 8.75. C10ver—512.73(321.
ST. LOUIS. Mo.. July 25. —Corn—No. 2 white. SI 12: No 3. $1 09ft1.11 • No. 4, SI 09: July. Sl.lOt September, SI.W% : December. 94 %e. Oats—No. 2 white, 57% ft 58c: No. 3. 57 ft 57 %c; July. 57e. Wheat July. $130%: September, $1.32%: December. 51.36%: No. 2 red, 31.45 ft 1.46; No. 3, $1.42<8143; No. 4. sl3sft 1.36; No. 1 hard. $1.33; No. 2. $1.31 ft 1.35. \ TOLEDO. Ohio. July 26.—Close: Wheat —51.36 ft 1.37. Corn—No. 2, $1.19® 1.20; No. 3. 81.18 ft 1 19. Bye—9lC. Oats—No. 2. 61 ft 63c: No. 3. 59% ft 68 %e. Barley—9oc. Cloverseed. $12.10; October. $13.10; December. $12.60. Ttnu othy—S3.7s: September $3.15: Octobe* $3.15; March, S4. Alsike—Cash, $10.80; August. sl2: October, $11.75. Butteb—--42 ft 43c. Egg S—27 ft 28c. Ha#—s3o. _ Tank Wagon Prices (Gasoline prices do not Include State tax of 2o a gallon.) GSOLINE —Energee. 21c a gallon: Purpl. 17.2 c: Red Crown. 17.2 c. Diamond. Silver Flash. 21c: Standolind aviation. 23.8 c. KEROSENE—Crystaline. 12.7 c a gallon: Moore Light, 15.5 c: rcllte, 12.7 c; Perfection, 12.7 c: Solvent. 85c. NAPTHA—Lion Power Clean era, 22.6 c a gallon; V. M. & P„ 22.5 c: StandoUnd Cleaners. 23.5 c. Hay Market Prices Wagon load lot prices hay and grain at Indianapolis are as follows: Timothy—slßft 20 a tom mixed, sls ft 18: baled. sls ft 18. Cosm —95c@$1 a bushel. Oats—s2ft 53c a bushel. Straw —Wheat. $9 @ll a ton. 0 Loan Officials Indicted By Vnitrd Press CLEVELAND, July 26.— Seven officials of the Municipal Savings and Loan Company, representative realty company, and five local allied, companies were indicted today by a special grand jury on charges of embezzlement, certification to false financial statement and perjury.
PORKERSSIEADV WITH $1025 TOP Week's TradeUas Been Extremely Unsettled, —Hog Prices Day by Day— July Bulk Top Receipts 21. 8.75 8.75 5.000 23. 9.00® 9.15 9.25 9.000 23. 9 75 9.75 8.000 24. 9 50 9.60 9.000 35. 10.00® 10.25 10.25 7.000 26. 10.25 10.25 6.000 Fairly good demand for week-end trade held hogs prices at the local livestock exchange to a steady to 25 <?ent higher basis. While there were none that brought moVe than $10.25, Friday’s high level, the lowej; end of the quotations advanced a quarter. Lights, heavies and,/medium mixed lots were quoted at the one price Os $10.25 while 0% Friday the price ranged from $lO to slo.2sy Pigs were steady at $8 to $9.50. Sows were about the same at $9 to $9.25 for smooths and $8.75 to $9 for_roughs. Receipts were estimated at 6,000. The market for the week has been, with the exception of Thursday, a continuous advance. The approximate gains has amounted tq £2.30. The market has been extremely unsettled. Light receipts, icompetition, that at times has run intense, and higher grain prices, have been the controlling factors. Traders have been at a loss to predict developments and trading has been on a “hand to moutti” standing. While many at the yards said today, they do not look for a decrease the first of the week, there is a feeling that anything can happen.
Cattle trade was of the usual Saturday variety with about 200 head Offered. Trading for the week has been void of features. The steer top for earload lots has averaged $lO 35. *The bull market lost from 25 to 50 cents for the week. All good stuff moved fairly well, but medium grade heifers were exceptionally slow. At times the market was almost stagnate. Choice cows hel%to a price range of $6&7. Receipts been about normal. Calves dropped a half on a slow market. Top of $10.50 was paid for choice veals. The hulk of sales was made at about $9.50*10, the level at which they started the week. The major portion of the week saw prices around*the $lO mark. On one day they sold as high as sll. Receipts have been a little below norma!'and trading has lacked the usual Inters set. / Sheep and lambs were steady with Firiday. Lambs started the week at sl3. Toward the middle of the wtek prices had sagged to sll, but picked up toward the last when they gained a top of sl2. Receipts averaged higher than for some time, when 1.000 head if ere recevied on Thursday.
HOG PRICES ADVANCE St. Louis Market Higliest Since 1022 —S3 Rise. v By United Prexs ST. LOL July 26.—Hog prices crossed the W slo mark at National Stockyards here today, some sales being recorded at $10.15 a hundredweight. The price July 14 was $7.50. This is the Jilghest level since 1922, when hogs sold as high as $11.55. Light receipts and sharp advance in corn caused the rise. —Hog*—. Choice lights ............. $lO 25 Light mixed 10 25 Medium mixed 10 95 Light light 9.50®.50® 10.00 Heavyweights 10 23 f'? 3 Sow* 8.75® 9.25 —Cattle— Steers, 1,250 lbs. up. ehoica.s 9.50(3 10.35 Fair to good 8 00® 8.50 Steers 1.000 to 1.200 lbs.. choice 9 50® 10.35 Fair to good BOO® 8 50 Choice heifers 8 50® 0 00 Common to fair heifers..... 5 00® 600 Baby beef heifers 8 00® 9.00 Medium to common cows.., 3 50® 450 Choice 5 00® 6.50 Comers 2 75® 3 00 Choice light bulls .4 50® 5 00, Choice heavy bulls 4 00® 5.00 —Calves ■ Choice veals „ .. ..-.slo 50 Good veals . . Common heavies 6 00® 6 50 Bulk of sales 10.00 —-Sheep and Lambs— Choice lambs sl3 00 Heavy iambs 10 >o®lloo Q6U lambs . a.oo® 117.5 Good to choice ewes „ 3.50® 0.50
- Other .Live Stock CHICAGO. July 26.—Hogs—Receipts, 5 090: market, better grades 1.3ft30c up: others. 10ft 15c up; top $9 80; bulk of sales. sß.so (ij 9.60; heiftyweight. $9.35ft 9 65: medium weight. $9.56 ft 9.80• lightweight. $9ft9.80: light lights. 38 50ft 9.70: packing sows smooth, [email protected]; packing sows rough. $7.85ft8.15: slaughter pics. 58 ft 9. Cattle—Receipts. 500; compared last week grain fed arrivals, all classes fairly active, unevenly higher; beef steeps and yearlings, 50ft75c up: top matured st-ers. $11.30; bulk yearlings. $11: grain fed cows and heifers, 25ft 50c up: yearling heifers doing moat: grassy and lower Quality short fed steers. barely steady, very dull and uneven: grassy cows and heifers. 25ft40c up: bulls, weak. 25c off: vealers, 50c off: weeks bull price*, beef sheers and yearlings. 88.10 ft 10 60: Stockers and feeders, $6.25®7: fat cows. $4ft6.50: beef heifers $6.25ft8: eanner# and cutters. $2.65ft3.00; veal calves. $9 ft 10. Sheep—Receipts, 1.000. today's run practically all direct; for week, 7.200 direct; 170 ears feed lot: compared last week,fat lambs and yearlings. $1 ft 1.25 of; sheep, strong. 25c up: fat lambs, steady; top fat lamb*. $14,25: yearling*. 11.50: feedinng lambs, $12.25: week's price*, fat ligmbs. sl3ft 14: culls. sß.soft 9: fat ewes, ssft6j>o; feeding lambs, sl2 @12.25. CLEVELAND, July 26.—Hogs—Receipt*. 1,000: market, active; Yorker*. $10.25: mixed, $10.25: mediutn. $10.25; pigs. $8.75; roughs. $8: stags, $6. Cattle —Receipts. 200; market, slow and unchanged. Sheep and lambs—Receipt*. 100: market, steady: top. sl4. Calves — Receipts, 150: market, slow: top, sll. EAST BUFFALO. N. Y.. July 26.—Cattle—Receipts. 550; market slow, steady: shipping steers. $8.25 ft 10: butcher grades. $7ft8.50: cows, 52ft6 Calves— Receipts. 200; market slow, 50c lower; cull to choice, $3 ft 11.50. Sheep and lambs—Receipts. 400: market active and steady: choice lambs, sl4ft 14.25; cull to fair. st*.so@ 13.50; yearlings. [email protected]: sheet; $3 ft 9. Hogs—Receipts. 1.600; market aAive, 35ft40e higher; Yorkers. $9.25@10A0; pigs, [email protected]: mixed. $10.50: heavy, $10.50; roughs. $7.60 ft 8: stags, 54ft5. 0"
PITTSBURGH, July 26.—Cattle—Receipts. light: market, steady: choice, $5.95 @10.15: good. [email protected]; fair, s7ftß: voal calves, $lO ft 11. Sheep and lambs—Receipts. light:! market, strong; prime wethers. $7.25ft 7.75; good. $6.25 ft 6.75: fair mixed. [email protected]; lambs, s9ftl42 Hogs— Receipts, 15 4d: market, higher: prime heavy. $9.90ft10: medium. $10.35ft 10.40: heavy yorkers. $10.35® 10.40: light yorkers $9.25ft 9.50: pigs, $8.50 ft 9: roughs, s7@B: Slags. $4ft4.50. July 26.—Hogs—Receipts, light; market, 25c higher; heavies. $9.75 @10: medium. sloft 10.15; yorkers, $lO ft 10 10; food pigs. sßftß.so. Calves— Market-—Steady. Sheep and lambs —-Market. steady. , ‘ Local Wagon Wheat Local grain elevator* are paying sl.lß for No. 2 red wheat in wagon load lot*. OUjpra priced accordingly.
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11-Year-Old Farme rette Runs 25-Acre Farm
VIVIAN BROWN. 11-YEAR-OLD SCHOOLGIRL OF RYE BEACH. N H., HAS VERY LITTLE TIME FOR PLAY THIS SUMMER. SHE IS MANAGING A TWENTY-FIVE-ACRE FARM AND DOING MUCH OF ..THE FARM WORK. AS THE PICTURES SHOW, SHE DRIVES THE HAY WAGON AND DOES THE MILKING: IN FACT, SUH MILKS SIX COWS A DAY, NO SMALL TASK IN ITSELF. SHE ALSO HELPS WITH THE HARVESTING AND DOES OTHER CHORES. IN WINTER SHE GOES TO SCHOOL AT PORTSMOUTH, AND WILL RE IX THE, BTH GRADE NEXT VEAR.
LUMBER MARKET REPORTED BETTER Production Within 20 Per Cent of Normal, A decided betterment In the lumber market is imported from nearly every producing section, says the American Lumberman. Chicago. The latest statistical report of the Southern Pine Association showsvihat orders at subscribing mills during this mouth have taken a sharp rise to 102 per cent of normal—the highest point attained this year. Production during the same tlrnp stood at 80 per cent of normal and shipments averaged 77 per cent. There is in fact an active call for all items of yard andVhed stock, and th recent substantial increase in inquiry Indicates that needs are extensive" and that the recent rise in demand is no mere fluctuation. The Dougjas fir industry also has experienced a good business during recent weeks, especially after the fourth. ’ Orders booked by the mills reporting to the West Coast Lumbermen’s Association, by mid July attained 19 per cent above production, which in the meantime had risen to practically normal.
Produce Markets Frpeh e*srs. !ow off 26c- TMkCklnfr strx'k butler. 24c; fowl®. 41H lb®, up, 10c: fowls 4V* lb®.. 13c; cock®, 11c; spuntfcrt. 1924. 2-lb. ®i®. 28. c: Leghorn poultry. 25 par cent discount; young tom turkey*. 12 lb®, up. 23c; youufr ben turkey®, 8 lbs. up 23c; old tom turkeyßc: duck®. 4 lb®, up. 13c; spring: duck®. 4 lbs. up. 15c; greese. 10 lb®, up. 11c; squab®, 11 lbs. to dozen. $4. CHICAGO. July 26.—Cheese—Twin*. 18c; young Americas 190. Poultry—Receipts. 2 cars: fowls. 16®21e; ducks. 17c: springs 17c; geese. 12c; springs, 18c; turkevs. 20c; roosters. 14o: broilers. 28® 32c. Potatoes —Receipts, 200 cars. Quotations: Kansas Cobblers $1.15®1.45; Virginia cobblers. $2.75®3; Morth Carolina cobblers, $2 ©2.60. MEW YORK. July 26.—Flour—Dull but steady. Pork—Steady. Mess—s2o® 27. Lard—Firmer: midwest spot, $13.00® 13.00. Sugar—Quiet; raw, 5.15 c: refined, auiet. Coffee—Rid spot, 17 %o; Santos Ko 4. 21 % ®23c. Tallow—Firm: special to extra, 7%®7%0. Hay—Weak; No. 1. $15.50: Mo. 3, $41.50® 12.50. Dr-ssed poultry—Steady: turkeys 20®40o: chickens. 33®44c: iowls, 10®30c; ducks. 23c: ducks. Long Island, 22c. Livs poultry— Steady: geese, 10®14c: ducks, 18®24c; fowls. 19®24c; turkeys. 20®30c: roosters. 10: broilers, 26® 55c. Cheese— Quiet; state whole milk, common to specials 14®21%c: state skims, choice to specials, 11® 13c: lower grades. 4®loc. Butter—Weaker; creamery extras. 38%c; special market, 39@39%c. Eggs—Dull; nearby white fancy, 46®480: nearby state whites, 28% ® 45c; fresh firsts, 28 %® 350: Paeific coasts. 35® 41c; western whites, 28%®45c; nearby browns, 37® 44c. CLEVELAND. July 20.—Live poultry— Receipts, moderate; movement slow; heavy fowls. 24e: light, 15® 18c; hsavy broilers. 35c; light. 25@570. Butter— Extra in tubs, 41® 42c; extra firets.-39® 40c: firsts. 37® 38c; packing stock, 23® 25c: standard. 39® 40c: prints one cent extra. Eggp—Fresh gathers dnortthern extras, 31c; extra firsts, 30c: Ohio firsts, 28c; western firsts, 27c. Potatoes—3upl yliberal; movement firmer: cobblers. Virginia, $2.60: fair. $2.25®2.40.
Building Permits Mrs. John Wood*, dwelling. 3626 W. Michigan, $3,000. . Henry Guyun. dwelling. 2360 Schofield, $1 000. Louis Sakowlt*. remodel, 920 Virginia. S2OO C. L. Alver. addition. 47 N. Jefferson. S2OO R. Felix Geddea, addition, 404 E. Twelfth, S3OO. „ *7' - M D Ga Han, garage. 1231 E. Market, $350. C. A. Borchea. garage. 2040 Washington Blvd., S3OO. _ W. W. Seibert, dwelling, 5234 Washington BJvd., $8 500. "* W. W. Seibert, furnace. 5234_Wahington Blvd„ S3BO. North Park Christian Church, remodel dwelling, 2913 Kenwood, $876. 7 North Park Christian Church, cellar. 2929 Kenwood. S2OO. ‘ \ Louis Breskin, furnace, 905 S. Capitol. $270. Joe Matricia remodel, 436 8. East. $1,600. Wabash Realty and Loan Company, boiler. 4154 N. Illinois. $1,700. Wabash Realty and ' Loan Company, dwelling. S2O GOO. James F. Manley, reroof, 017 N. Tacoma. S2OO. Home Land Investment Company, boiler, 425 Kentucky. $6,000.
Marriage Licenses Augustus E. Stuary. 57. publisher. Fort villfi Laura Piscua, 45, housekeeper, 1518 Sheldon St El wood Cornwell. 28. automobile mechanic. 1329 W. Ray St.; Z-liaa Ogie, 24. cashier, 1846 N. Talbott Ave. William Oden. 40. 806 Blake St.; Jennie Ucltou. 721% Muskingum St. lsair>!i 1% lari iter. 19. peuiter. Caatieton: i'a>\ola KiimcU, 18 Castletou. Jam--* D Rehfeldt. 45. salesman. Chicago. 111.; Helen Bowler. 23. 2204 Central Ave. David H"nry. 28. salesman. 4925 Carrollton Ave.; Butsie Lqjin. 22. 4825 Carrollton Ave. Arthur Boyd. 28. Junk dealer. 2917 Columbia Ave.; Mary Hoskins, 24. maid. 2917 Columbia Ave. Gleh Gabhart. 23. steuocrApber 558 N Dearborn, St ; Zella Clark. 24. 36 IV. Thirteenth St. Ernest Wiles. 33, 2238 N Talbott Ave.: Edna Hamath, 29. teller. 2443 T%*.i Ave Aujustus W Patrick. 34, cashier. 924 Parker Ave : Frances Fox. 27. fiumostlc, 324 Bosart Ave Ernest M Iv.rman, 25. machinist. Ben Davis. Myrtle Hooker. 25. Inspector. ISI4 Ingram St.
Births Boys Chester and Ruth Kelson, Methodits Hospital. E.nu-r and I.lia Wood. 2325 Jackson. Louise and Gusllna Trusnick, 731 M. Warman. John and Edith Rios. 1640 Tibbs. Wiliam and Thelma Bryant, city hospital. John and Thelma Davis. 2044 Columbia. Charles aud Mattie Lambert. 727 S. Capitol. Harold and I.aura Fostfate, 926 Stillwell. lioy and Pearl Brown. 210 N. Bright. J B and, In el Newson. 1923 W Tenth Garfield ah® Emma Watkins. 1800 Do. loss. Claude and Mario Alexander. 1417 W. Thirty. Second Everett and Mary Baker. 1470 W. Ray. Carl and Bessie Rafferty. 333 N. Holme*. Charios and Effie Pool. 2825 School. Ivan and Inez Crowley. 238 N. Ptne. George aud Jeanne Strieker, 6910 College. Gills Virgil and Mary Smith. Mrthodtst Hospital . Malcolm and Helen Day. 1420 Marlowe. Leo and Katlie Leslie, city hospital. Virgil and Fiora Perkins. 2728 Wood. Thomaa aud Golda Floyd. 1437 W. Everett. William and Keeper Conner, 1728 Glrabci\ Walter and Mabel Serugham. 1505 Saulcy. Percy and Ever Cols. 1029 N. MUey. Oliver and Charline Grooms. 012 Torbet t. Joseph and lx ora Johnson, 2006 Cornell. Thomas and Alice Shlw. 554 N Traub. Charles and Ruth McKinney. 443 M. Colorado. Richard and Alta King. 2043 Bloyd. Joseph and Addle Marta. 43 M. Hamilton. De Mart arid Elizabeth Davison, 425 Hamilton Faye and Clnrs. fionthers, 559 Tecumseh I Yank and Hortensc Poole, 1942 College. Twins James and Mabei Smith, 634 E. Ohio, IHn, Clarence and Ruth Scott, Methodist Hospital. Paul and Mary Peasey, 1832 N. Warman.
Deaths Louisa Diet*. 03, 1721 S. East, general tuberculosis. George J. Miller. 80. 1014 N. Olney, angina pectoris. Katie Stevenson. 59. 1103 English, carcinoma. Charlea P Bowman, 53. Central Indiana Hospital, paresis. Cora Alice Biddinger, {H!, 930 N. Oakland, chronic myocarditis. Gemtma A. Lancaster. 71, 3820 Kenwood, chronic myocarditis. Elnora Billerman, 34. 317 M. State, mitral regurgitation. Adam 11. Snidman, 55. 3001 Graoeland. chronic parenchymatous nephritis. Jean Frances Scott, 8 hours, Methodist Hospital, premature birth. Janet Elizabeth Scott, 1 hour, Methodist Hospital, premature birth. Ella Rosa, 85, 520 E. Vermont, ohronlo \nyooarditis. Anna Keeley. 77, 3124 E. Twelfth, acute cardiac dilitatton. George F. Kirkhoff, 58. 13 9. State, pulmonary tuberculosis. William Ambrose Pace, 63, Methodist Hospital, lobar pneumonia. Anna E. Staudoford, 63. 210 N. Jefferson. mGrill insufficiency.
Business Briefs Forty-one large contracts awarded during the flrat six months of the year have totaled $162,244,304, according to Engineering News-Record. The direct effect of the recent sharp curtailment In production has been. unemployment in labor; the indirect Tdsult, however, will be increasing flrmnese of prices. Exports of tubular product* and fittings. Including all kinds of pipes, pipe fittings and boiler tubes, gained 56 per cent during the first quarter of the year, as compared .with the corresponding period in 1923. according to the United Stajes Chamber of Commerce. S Dun’s review finds improvement both In sentiment and actual business. Increasing activity is especially seen in dry goods and leather. Commercial failures for the week amounted to 399 against 388 in the preceding week and 335 for tha corresponding week last yogi'. \ ,
BURROW QUIZZES SIftIEWITNESS (C'ontimit'd From Pnge‘l) staff of defense lawyers, will not submit the defendants to questioning. The two Flayers have been too calm Rnd indifferent about the entire incident to suit the defense, it |Avas indicated. They have snickered, | joked and grinned at a great deal of ! highly tragic details of the story and the defense fears they might act the same way on the stand and thus heighten the impression of cold--biooded callousness, which has drawn unfavorable comment. I Giggles and Chuckles slightly the older of the pair, and a profound student of philosophy and ornithology, sits cooly in his seat—watching closely each witness that testifies. But to him it is amusing. H® giggles and chuckle* with glee when some witI n©ss_tells how smart and cunhlng ;he was In' evading arrest. He laughs with a sneer when seme witness points out where he made a mistake —a mistake that led to his arrest. lyoeb, more self conscious, allows his eyes to roam over the courtroom. He meets the Iteady gaze of curious | spectators and smiles. He nods to a : few that he chances to know and | recognizes. He is in the limelight and enjoys it. It is almost certain these are the things that Harrow and his staff of assistants fear. There is no jury—only the Judge must decide their fate —and they fear his reaction should he observe them closely on the witness stand. He sees very little of them now as they sit with their attorneys—ms time and attention being devoted to watching and listening closely to Jhe witnesses.
Can’t Deny Act And a further reason the two boys will not testify Is the fact that they have admitted killing Robert Franks. They could not take the stand and deny that. The defense seeks only to prove them Irresponsible for their er'me and they could not testify to that themselves. the State, meantime, is making ra >id. strides toward clinching their C 8 se of murder, Metre than three s< ore witnesses have been examined by State's Attorney Robert E. Crowe, all adding some little bit to his “mountain of evidence” by whioh he hopes to have Leopold and Loeb hanged. Masses, of mail from all parts of the epuntry axe flowing in on Chi# Juctlce Caverly, on the Franks case. Som eof them are in a sympathetic vein but most of them are openly hostile to bojs. One letter, received today and signed “M. S. Painter. Grand Rapids, Mich states “I will give you ?100 if Leopold and Loeb are found guilty of murder in the first degree andsentenced to hang by the neck until deatli takes them. If you will let me pull the trigger that springs the trap that hangs them. I am an old man, 66-years-old, but I am game. I have no use for such friends.” New Power Plant Installed. By Times Special VICTORIA* \ British Columbia, July 26.—At 'a cost of $L500,000 a new pow6r plant is to be installed which will involve the construction of a tunnel through the mountains'to Victoria Lake, near Quatsino Sgund. The company, it is stated, has secured water rights to Victoria, Elk and Kathleen Lakes. If your hands become badly stained, rub- them with a slice of lemon dipped in salt.
U. S. OFFERS POSITIONS Veterans’ Bureau to Hold Open Competitive Examinations. The United States Civil Service Commission lias announced an open competitive examination for rehabilitation assistants, trade and industrial and commercial, to fill vacancies in United States Bureau in the Sijskh district, comprising Indiana, Ohio and Kentucky, at a salary of $2,400 per annum. Appointees will act as representatives of the Veterans’ Bureau. Application blanks and information may be obtained by calling at room 421, Federal Bldg. MORE BAD NEWS FROMTHE FRONT Home-Made Jam Won’t Be Cheaper, Officials Say, By United Presn WASHINGTON July 26.—Hopes for cheaper home-made jam for the great American family during 1924 were killed by officials here today. There is little prospect for reduction in the price of sugar before the end of the summer canning season, now at its height, officials said, explaining that even if President Coolidge reduces tariffs on crude sugar .mports within the next month the new rates cannot become effective until thirty days after the proclamation. Refined sugar is selling at an average of 7.6 cents a pound retail, it was said, and a lower price cannot be exected sooner than two or three months. Tha tariff < ommission now is preparing its report to the President and probably, will transmit ti within a month. It is -expected to recommend a revision downward of about 25 per cent in the tax on imported raw sugar. The present tariff is $1.76 per hundred pounds.
BOULEVARD HELD UP LONG TIME (Continued From Page 1) city. The owners moved out and residents on the north* side of the street (shown on the picture on the left) prepared for a fine boulevard. That was nearly a year ago. Today the city is papering the homes, it purchased, repairing windows, putting in improvements and incidently collecting the rent every month. In fact tenants complain the city is raising the rent because of improvements. It’s anew business for the city. Leases Promised? While the north of Orange St. waits for the boulevard, renters on the other side said they had been promised “long time" leases by the park board. After collecting the first month’s rent thrycity turned over the actual collection to Dunlop & Holtegel, rental agents. Now property owners who paid the city assessments for the boulevard are beginning to count up what all they could' have done with their money at 6 per cent the past year. . Orange St. property owners in this picture ware assessed from $550 to SB4 for the boulevard. Many of them refused to take advantage of the Barrett law paying cash in hope of getting the boulevard soonex In* the meantime the surface <5 Orange St. becomes a sea of mud with every rain. The city answers complaints with tlje statement that the proposed ‘*boulevard'’ haa stopped Improvements. And the south side waits! The same situation prevails all along Pleasant Run. where property owners say they are beginning to believe nothing will be done for them.
Book waiter Promises Action Charles TV. Bookwalter. president of the park board, has assured property owners that delay in obtaining forty-five abstracts upon property between Prospect and Shelby Sts. is , all that is holding up the boulevard construction. The city has sent a ten day ultimatum demanding the abstracts. South side residents, 100 strong, appeared before city council Monday night, demanding relief. The council could not act, but appointed Councilman Thfeodore J. Bernd, chairman of the park copiznittee, to appear before the park board Thursday. At that I:ime, Bernd was assured only the abstracts held up proceedings. Promises Are Denied Guaranteed rental for a certain period to city tenants was denied by R. Walter Jarvis, park superintendent. / “We hare not promised these people anything,” said Jarvis. “We repaired the houses because we didn’t feel we should ask any one to live in them without soma needed repairs.” _ Jarvis said he had appointed park officials to Investigate conditions in these houses and order tenants out if any were found objectionable. Park officials said the city thought it best to rent the houses and derive certain revenue raAher than tear them down. South sidera, however, contend that the houses should be torn down and the land uesd for playgrounds until the city is ready to build the boulevard.
711)/ with The 7Jo Cumulative Prior Lien 7 Safety Stock of this Company is a sound TAJC investment, based upon the staw** FRPR bility, growth and prosperity of the 100 or more communities served with Electricity, Gas or U £ VLION Water, all public netjessities. This Stock is tax exempt in Indiana and free from r.ormal Federal Income Tax. Price, SIOO per share and accrued Interest. Cash or on deferred payment* Interstate Public Service Company Room 714 Wild Bldg. Indianapolis, Ind.
FIFTEEN HELD t COUNTS; PDLICEjIDMPED Thought Judge* Wilmeth’s New Order Had Solved Fast Driving, Motorcycle officers in Sergt. Halstead’s division admit now they don’t understand the Indianapolis motorist. Thursday night they were elated with only five alleged speeders arresjedT" They believed that action of City Judge Delbert O. Wilmoth Thursday, when he abolished the privilege of letting convicted speeders storfe their_cars in lieu of paying fines, was having its effect. They believed that the speeding problem was solved. Now they dor\’t. Fifteen motorists were under arrest today on fast,.driving charges. They are: Ted Staten, 27, tl. R. 1, box 131; Carl Gross, 39, of 521 E. Wabash St.j Harrison Torian, 32, colored, of 1333 Lafayette St.; Mont Huddelson, 18, of 1915 Wilcox St.; Edward Wood. 18, of 226 Gray St.; Martin Sontag, .44, q£ 218 N. Rural St.; William 80lTen, 21, colored, 2418 Northwestern Ave.; Harry Trotsky, 24, of 626 N. Meridian St.; Dean J. Snoddy, 33, of- .1002 W. Thirty-Fifth St.; J. H. Fulkerson, 27, of 215 N. Belle Vieu PL; C. A. Golden, 37, of 851 Northview Ave.; Sam Platt, 20, of 839 S. Illinois St., who is also charged with failufe to have lights; Arthur Jackson, 19, of_ 854 W. Thirtieth St.; Maurice Pennicke, 435 N. Jefferson Ave.. and Thomas Cain, 23, of 436 Virginia who is also charged with driving while intoxicated, profanity and resisting arrest. Carl Yoimgerman, 38, of 20 W. Eratt'St., and Lawrence Dugan, 23, of 316 Minerva St., are charged with driving while intoxicated.
REMY LAUNCHES HIGHWAY PROBE (Continued From Page 1) Nothing will be permitted to interfere with the work and we will get to work on the case immediately.” Claude Worley, Criminal Court investigator. began work on the case today. Most of the day was spent in conference with Lawrence Orr, j State examiner, and with the ac- ! counts board who made the probe" into the commission affairs. He also conferred with Frederick E. Schortemeier, secretary to the Governor. Remy has asked for a formal conference with the accounts board and Governor Branch Monday morning. The information gathered today by Worley will be used as a basis upon which to formulate a plan of proceedure in the probe. The probe comes as a climax to highway commission affairs extending over a period of years. The alleged illegal sale of war material, distributed to the commission by the Federal Good Roads Bureau, was the subject of attack on the commission as early as 1920. Overpayment Charged Recently the State board of accounts madrf public its report alleging mismanagement and extravagance in the equipment division and highway garage. The board retrieved $50,000 overpayments to O. F. Schlensker, auto parts salesman. State examiners returned only Thursday night from Washington where they obtained invoices of war material sent to the commission. These records will be checked against the records of the commission here to determine the manner in which the material was disposed of. • George N. Bartley, chief of the equipment division, resigned shortly before-tbe first report was published. Governor Branch called in several automobile engineers and asked them to recommend an executive who could straighten out affairs at the garage. Harvey G. Shafer, fofmer vice president of NordykeMarmon Company, was recommended. Shafer was asked to return here from the East. He wired Branch he was favorable to the proposition. Branch recommended his appointment by the commission Friday. The commissioners said they were pleased with the recommendation and that when Shafer arrived Aug. 3 they would confer with him. If the conference is satisfactory, he will be appointed, according to John director. Williams and Governor Branch conferred Friday when the comm® sioners were in session. The matte* of a grand jury investigation was suggested. Branch declared. “If there has been a violation of those guilty should be punished. If there has been no violation of law, those \y ho are officially associated with the report are entitled to exoneration.” The commission Fridays ordered an audit of the dealings with Schlensker to determine the details of the alleged $50,000 overpayment. It is believejjf the results of this audit and the report of the accounts board on sale of war material may have a direct effect upon Remy's investigation.-
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