Indianapolis Times, Volume 37, Number 19, Indianapolis, Marion County, 2 June 1925 — Page 11

TUESDAY, JUNE 2, 1925

INCREASED BUYING SENDS PORKER PRICES UP 15 CENTS

BEAR'S ATTACK 1 FORCES PIVOT STOCKS LOWER Short Coverings Help Market as Steel Holds Ground.

Average Stock Prices

Average price of twenty industrial Blocks Monday was 150.69. off -26. Average price of twenty rails was 99.10, off .88. Bu United P)r*B NEW YORK. June 2. —After opening Arm, the market became mixed with the bears offering some of the pivotal stocks like Steel, Can and Mack Truck down. The market has been helped by considerable short coverings and when the bears failed to break Steel below 114 despite the most urgent hammering it quickly turned about and made more than a point gain from its low. Wire stocks oontinued to soar with International Telephone gaining to new high ground at 118%, up 8% from the previous day’s low. Rails were more or less neglected and consequently were heavy. Readi ing was well bought on the decline, 1 however, and some of the Northwestern roads were strong on the expectations of rate increases. The bears made heavy drives against stocks in which they are acredlted with being uncomfortably short and steel was sold off to 114, but they could not pass that point and the stock rallied to 114%. Much effect was made by the bears on the regular Mack Truck dividend but as one trader said the company is too busy making money to bother about mere dividends at that time. The volume is 40 per cent ahead of the same period last year, the company reports. The stock sold down to 177% from its high point of 180% but rallied to 179% after the divedend declaration. Foreign Exchange NEW YORK. June 2.—Foreign exchange closed lower. Sterling. $4.85%, off %; francs, 4.95 c, off .06: lire, 3.96 c. off .00%; Belgium, 4.830. off .07: marks. 23.80 c: Holland. 40.14 c; Russia. 6.16 c; Hong-Kong. 5.55 c: Shanghai. 7.05 c; Yokohama. 41.38 c. Local Bank Clearings Indianapolis bank clearings Tuesday were $3,427,000. Bank debits amounted to $6,679,000. WARDENS CONVICT 106 Check Up of Work During May Cites Arrests. State game wardens arrested 113 F persons and obtained 106 convictions for game and fish law violations during May, a check-up showed today. Fines apd costs totaled $2,155.60. Leading offenses: Fiftyfive for possession and using illegal size seines and nets; fifteen for hunting and fishing without license; thirteen for taking undersized fish; ten for possession of spears; seven for using trot or set lines on lakes. MAN HELD AS FUGITIVE Chaster Ball, 23, of 1709 Lockwood St., is held today as a fugitive. Detectives Peat and Schrum say he is wanted in Monticello, Ind., on a grand larceny charge. Births ‘ Girls Charles and Bessie Hitz, 18 N. De Quincy. Louis and Florence Weatherstone, 1428 S. Talbott. Russel and Helen MacComlskey. St. Vincent’s Hospital. Cornelius and Olive Eash. St. Vincent’s Hospital. Wiliam and Anne Mooney, St. Vincent’s Hospital. Clifford and Alberta Cook. St. Vincent’s Hospital. •John and Ruth Rice. 4122 Park. Eugene and Opal Geddes. 73l N. De Quincy. Byrom and Caroline Yount. 6002 E. Michigan. Fred and Alla Graham, Methodist Hospital. Quentin and Alma Osborn, Methodist Hospital. Henry and Laura Hand. Methodist Hospital. Fiennard and Elizabeth Blackman. 358 W. Twelfth. Allen and Nellie Merriman. 5907 Rawles. Edward and Frances Dolan. 15 Karcher. William and Ethe' Reilly. 3107 Tabor. L Arvel and Mabel Powers. 444 N. Keys stops. Boys Henry and Jennabel Bockweg, St. Vincents Hospital. Hugh and Ethel Sprague. St. Vincent’* Hospital. John and Wilena Hurst. St. Vincent’s Hospital. August and Francis Patrick, St. Vincent s Hospital. _ Bov and Virginia Hanson. St. Vincent’s Hospital. Reginald and Thelma Brown. 2044 N. Illinois. Max and Goldie Bergman. 1160 3. Capi toi • William and Mamie Reed. 2339 Hovey. Obed and Mary Ellis, Methodist HosThomas and Gladys Sprickmab. Methodist Hospital. Adam and Alberta Hollis. 1014 Edgempnt. Theodore and Margaret Thompson. 68 o. LaSalle. ..Curt?? and Clara Nichelson, 1218 S. Sheffield. Tee and Bessie Harris. 942 Bell. William and Mary Scott. 959 N. Traub. Twins William and Carrie Shake. 1720 Prospect. boys. Deaths Infant Ford. 4 hrs.. 2062 Tacoma, oerebralhemoiThage. Wm. H. Parker. 06, 2801 James, chronic interstitial nephritis. Clarence Dale Partlow, 4. 2953 Chester, influenza Mollie Ridbel. 62. 1429 Dawson, cerebral hemorrhage. James B. Ferguson. 68, city hospital, cardnoma. Rachel H. Green, 71. 1053 Udell, chronic myocarditis. William Maiden. 66, 1429 English, pulmonary tuberculosis. Charles H. Huckleberry, 66. 2940 Schofield angin-. pAotoria. Loulsianna Beck. 74. 422 If. Warman. miu-al insufficiency. Julia A. Cunningham, 82, 241 S. Keystone, cerebral hemorrhage. J. Harry Deane, 79. 3901 Wlnthrop. Belle Kirkham. 53, city hospital, aesute appendicitis. Goora* W. Elder, 18 310 N. Bell view PI., valvular heart disease. Hugh Bowen. 12 hm. Methodist Hospital. premature birth. ) JgSiS Sfe. 4 8 !: g t niHS3K£ W JoC*%. Holman. 41. 1820 Angleton. L2. oity hospital, peritoaGeneva Edmonds. 20. 421 W. Seventeenth. tuberculosis. Ade Elmer Compton. 30. St. Vincent Hospital 3rd degree burns, accidental. Arthur N. Cosand. 49. Methodist Hospital, qardnoma. Ida. Shell, 48. Central Indiana Hospital, ebronie myocarditis. Luke William Phillips. 4. 2433 Northwestern. tubercular meningitis. Bula Dawson. 36: dty hospital, chronic interstitial nephritis. f’t'-uncer Bush 18. 1141 E. Seventeenth. pulmonary tuberculosis. Gladys Arbuokie, 26. Fletcher SanatorlWtai, cardnoma.

Improved Demand Clears Run of 7,300 at Local Yards. / ling Prices Day by Buy May Bulk. Too. Receipts 25. 12.15 @12.35 12.60 7,000 20. [email protected] 12.59 8.000 27. 12.30 @ 1 2.60 12.80 6.000 28. 12.90® 13.00 13.00 6.000 29. 12.40 @12.50 12.50 11,000 June 1. 12.10 @ 1 2.40 12.60 6,000 2. 12.25 @12.55 12.66 7,000 With approximately 7,300 hogs on the local live stock market Tuesday, prices, In accord with demand, took a turn for the better, making a net gain of about 15c a hundredweight. Sales of desirable kinds were made within a range of [email protected]. Heavy porkers selling at $12.15 12.25 were decidedly not In demand, byt lights, topping the market at [email protected] met active buying. Medium weights were priced at $12.25(g>12.45, while light lights sold at [email protected]. Pig prices appeared to be about at Monday’s level, but individual sales were slightly higher. Slaughter stock brought $11,[email protected]. Sows sold over a range of $10.50@11. Most of the day’s business was done at [email protected], practically all of the supply being cleared within this spread. Good light steers, low priced cows and fat, light heifers held firmly at Monday’s level, but an irregular decline appeared in heavier steers, killing cows and butcher heifers. Sales were unusually slow in the latter division. Steers in the 900 pound class moved at • [email protected] while plain killers brought [email protected]. practically no stock sold near top prices. About 1,500 head was in the Offering. The continued drought throughout the State is being felt at the market as sales of feeder cattle become fewer and fewer. Dealers report a disinterested market and prices are slowly sagging. Little Improvement in the situation is expected until rain improves pasturage and alleviates danger to the corn crop. Calf values were apparently unchanged with choice veals bring sll a hundredweight and the bulk going at $10.50. Mediums were priced at sß@9 and commons, s6@7. Receipts were estimated at 1,200. Lambs declined in most cases 60c a hundredweight with a few choice spring stock moving at sls and the majority selling at Sheep were nominal. Receipts were 300. —Hogs— geayuw $12.1 5 @12.25 Mediums 12.28 @12.45 Lfht hors 12.55 @12.05 Light Lights 12.25 @12.65 Smooth sows 11.00u11.25 Rough sows 10.5 t @31.00 Cattle food to choice fat steers. [email protected] Medium steers 8.60 @ 9.75 Prime baby beef heifers and steers 10 75 Good heifers 8.50 @10.50 common to fair heifers...,, 6.00@ 7.00 PTime fat cows 8.50 Medium cows 4.75’@ 6.00 earner an dcutter cows... 2.25® 1.25 Calves Fancy veals $ll.OO Good veals [email protected] Medium calves B.oo® 9.00 Common calves 6.00® 7.00 Sheep and Lambs Spring lambs, choice [email protected] Modiuma [email protected] Good to choice sheep 7.50 @ 8.00 Fair to medium 3.00@ 7.00 Other Live Stock CHICAGO. June 2.—Cattle. 9.000; market. fed steers and yearlings fairly active. 10@loa up; demand broader for light and medium weight offerings; grading good to choice; grass fed steers dull; all grass fed selling at sharp discount under dry lot; strictly choice light yearlings, sl2; heavies. $11.16: vealers. steady,, unevenly lower: mostly $10.25 and below to packers. Sheep—Receipts, 9,000; market, fat lambs slow: mostly 26c off: no westerns sold; few natives, $15.75: sorting more moderate; bidding sharply lower for heavy fat sheep; yearling fed sheep [email protected]; Hogs—Receipts. 19.000; market, uneven. 15@250 up; top. $12.35; bulk, $11.85® 12.25; Mediumweights, $11.£)[email protected]; lightweights $11.70® 12.35: light lights. t 11.20® 12.30; packing sows, smooth. 10.85 @11.25; packing sows, rough, $10.60® 10.85: slaughter pigs sll @l2. EAST BUFFALO. June 2.—Cattle—Receipts, 160; market active, steady: shipping steers, $8 @10.75: butcher grades. $8 @9.25: cows, $2.25@8. Calves —Receipts, 600: market slow, steady: cull to cho.ce, $3.60@12. Sheep and lambs —Receipts. 300; market active, steady; choice lambs. sl2 @l3; cull to fair, $9 @11.50; yearlings, $8 @10; sheep, $3 @9. Hogs—Receipts, 2,400; market slow, 10@20e higher; Yorker*. sl3; pigs, sl3: mixed. sl3: heavies, $12.85 @l3; roughs, $10.50@ 11: stags. $8 0 8.25. PITTSBURGH, June 2.—Cattle—Receipts. light: market, steady; choice. $10.50® 10.05; good. $9.75 @10.26: fair. Sheep and Lambs—Receipts, 2 DD; market. slow, steady; prime weathers, sß@ 8.50; good, $7 @7.50; fair mixed. s6@ 6.75: lambs. sll @11.65. Hogs—Receipts. 2 DD; market. 50c higher; prime heavy, sl2.od@ 12.60; medium. $12.96 @l3; heavy yorkers. $12.95 @l3: light yorkers, t12.96@13; pigs, $12.95 @l3; roughs. [email protected]: stags, ss@B. EAST ST. LOUIS. June 2.—Cattle—Receipts. 4,000: market, steady; native stAers. [email protected]; yearling heifers, sß@ 10; cows. ss@o; canners and cutters, [email protected]: calves, $10.25: Stockers and feeders. $5 @6.25. Hogs—Receipts. 12,000; market, 40@50c higher: heavies, $12.25® 12.50 mediums, $12.35® 12.00; lights. [email protected]; light lights. sl2@ 12.05; packing sows. $10.25 @11; pigs, [email protected]: bulk. $12.60 @ 12.60. Sheep—Receipts. 3.000; market, lambs 25c lower; ewes. so@7: canners and cutters, sl@4; wooled lambs, [email protected]. CLEVELAND. June 2.—Hogs—Receipts. 1.600; market. 5@150 higher;- yorkers. $12.76: mixed, sl2/75: mediums. $12.65; pigs $12.75; roughs. 10.50; stags. $6.50: Cattle—Rocapts. 300: market, slow, unovhanged. Sheep and Lambs—Receipts, 500; market, steady: top. sl3. Calves— Reaeipts. 300: market, steady; top, $12.05. CINCINNATI. June 2. —Cattle Receipts. 300: market steady: shiqpptng steers, good to choice. $9.50010.50. Calves—Market steady; good to choice. $lO @10.50. Hogs—Receipts. 2,000: market 25c higher: good to choice packers and butchers. $12.75. Sheep—Receipts 3.000: market steady; good to choice. $5 @7. Lambs—Market lower: good to choice. $15.50@16. TOLEDO. June 2.—Hogs—Receipts, 400; market, 10@25c higher- heavies. $12.40® 12.60- mediums. [email protected]: Yorkers, $12.60@ 12.70: good pigs. $12.50 @12.60. Calves—Market, steady. Sheep and lambs—Market, steady. COTTON REPORT ISSUED Crop Seem 76.6 Per Cent Normal Compared With 65.6 Year Ago. Bu United Press WASHINGTON, June 2.—The condition of the cotton crop on May 25 waa 76.6 per cent of normal, compared with 66.6 on May 25 last year and a ten year average of 72 per cent on that date, the department of agriculture reported today. FREE CONVENTION”TRIP Junior C. of C. Member Secure* Ten New One*. George C. Mize, Junior Chamber of Commerce, will receive a free trip to the national convention in Tdlsa, Okla., this month for earring ten new members for the organization, it was announced today. Memberships were secured from the Diamond Chain and Manufacturing Company.

GRAMS BREAK EARLT SLUMP - t Mid-Day Rally Sends Wheat Above Monday Close. Bu United Ircas f CHICAGO, Juno 2.—Trend of values was divided on the Chicago Board of Trade today. Wheat finished higher, most strength centering in new crop options. Coarse grains were generally lower. Local bulls supported wheat. Following the opening dip commission houses absorbed liberal offerings, despite improved crop news. Buying was encouraged by the fact that rains had been confined to the spring belt. Realizing sales in com were based on liberal receipts and favorable crop news. December showed the sharpest loss, being down 2%. Cash prices sagged 3 to 6 cents. Oats had a heavy undertone ■with corn. Holders were Inclined to take profits. • Fair commission house buying boosted provisions. Chicago Grain Table —June 2 _ WHEAT— Prev. Open. High. Low. Close. dose. July 1.00% 1.61% 1.57% 1-flJlJp Sept 1.57% 1.50% 1.55% 1.59% 1.57% Dee. 1.60 1.02% 1.58% 1.02 % 1.00% CORN— July 1.15% 1.15% 1.12% 115 1.15% Sept 1.15% 1.15% 113 1.14% 115% Dec.. .98% .98% .93 .95% .98% OATS — July. .47% .48 .47 .47% .47% Sept. .48% .48% .47% .48 £ .48 % Dee.. .50% .51% .50 .50% .50% LARD— July 10.50 18.50 16.40 16.42 16.35 RIBS— July 18.25 18.35 18.10 18.30 18.15 RYE— July 1.14% 1.15% 1.10% 113% 1.16% Dec. 1.13% 1.14% 1.10% 1.13% ( 1.14 CHICAGO. June 2. —Corlot receipts were: Wheat, 151; Corn. 870; Oats, 135; Rye. 3. CHICAGO. JUne 2. — Wheat—No. 2, hard, $1.60% @1.04; No. 3 $1.54%. Corn —No. 3. mixed. SI.OB % @ 1.12: No. 4,. mixed. $1.07; No. 2, yellow. $1.14% @ l.*7j No. 3. $1.1301.15%: No. 4.V08% @1.13%: No. 5. yellow. $1.08% @1.11; No. 0, si.o4® 1.09; No. 2, white. $1.14 a1.14%; No. 3 sl.ll %@l.l J%: No. 4. .07 @1.09; No. 5. $1.05: No. 0. 51.03%. Oats—No. 3. white 40%@ 46%c- No. 4. 45@46%e. Standards. 43@ 44c. Barley. 90@93c; Rye No. 2. SIIJ Timothy, [email protected]. Clover, slß@2o. TOLEDO. June 2.—Wheat —Cash. $1.85 @1.87. Corn—Cash No. 2. [email protected]; }'■> 3. $1.1801.19. Rye—Cash No ,2. 3L..15. Oats—Cash No. 2. 51@03c; No. 3 50@50%c. Barley—Cash No. 2,97 c. Clovers, id— Cash. $16.50; October. $14.70; December, $14.27. TimothyCash. $3.70: September. $4.15. Alslke — August. sl3. Butter —47®48c. Eggs,— 30 <U 32c. Hay—s2o.

Produce Markets

Eggs —Strictly Irosh, delivered at Indianapolis. 26® 27c. , Poultry—Jobbers buying: prices: 21 @—c a pound; 1925 springs. 32@34c; Lcffhorn fowls. 25 per cent discount; old roosters, 10c: ducks, 4 pounds up. 10® 13c; turkeys. young:. 2oc; ,old. 22c; greese. 10 pounds up. 8@ 10c: squabs, 11 pounds to dozen, $4.50; old pigeons. 75c a dozen; guineas, 2-pound size. $7 a dozen. Butter —Jobbers’ buying prices for packing: stock. 18c a pound, sobers selling: prices for creamery butter; fresu prints. 45® 40c a pound. Cream —42c a pound for butter xat,. delivered at Indianapolis. , _ , Cheese—Selling: prices: Domestic Swiss, 38@40c: imported. 60c; New York full cream 28® 30c; Wisconsin Hmbur&er. 20 @2Bc: Wisconsin Daisies. 24% @2sc; Long: Horna, 25 @ 26c; American loaf. 32c; pimento loaf, 34c; Swiss loaf, 38c. CLEVELAND, Ohio June 2.—Butter— Extra in tubs 47 @ 48c: extra firsts 45 @46c; firsts. 4T% @44%c; packing stock. 24 @ 25c. Poultry—Fowls._ 28® 29c; lesrlhoms and light stock, 25@26c; cocks. 15® 17c; ducks. 27® 28c: broilers. 40@450; light broilers, 35@37c. Eggs— Northern Onto extras, 33c; extra firsts. 3:;%o: Ohio firsts. 30c: western firsts. 30 %o. Potatoes —New York and Michigan $3.00 per 150 pounds; Alabama. $4 @4.50 per 100 pounds; Mama. $2 @2.35; South Carolina and North Cat:Una, $7.50 per bbl. CHICAGO, Juno 2.—Butter—Receipts. 31.719; creamery, 43%c: standards. 43e: firsts. 39@40e: seconds, 33 @ 38c. Eggs— Receipts. 52.038; ordinaries. 29c; firsts, 29%@30%e. Cheese —Twins, 21 % @ 21 %c; Americas. 23%c. Poultry Receipts, 4 ears: fowls. 23%c: ducks. 22c: spring. 28@30c; geese. 13c; spring, 24c: turkeys. 20c: roosters, 13c; broilers. ?d@ 40c. Potatoes—Receipts. 318 cars; North Carolina cobblers. $6.60; South Carolina cobblers. [email protected]; Alabama and Lcuis tana cobblers. [email protected]; Alabama and Louisiana Triumphs, $3.75@4: Wisconsin and Michigan round whites. [email protected]; Minnesota whites, $1.20. NEW YORK. June 2.—Flour—Quiet and easy. Pork—Stronger; mess. $38.50. Lard —Firmer; midwest spot, $16.90@17. Sugar—Raw firm; centrifugal 90 test. 4.40® 4.49 c; refined steady: granulated, 5.50@ 5.70 c. Coffee—Rio No. 7 spot. 20% @ 20 %c: Santos No. 4. 24 %c: Tallow Steady: special to extra. 8%@8%e. Hay —Steady; No. 1. $1.20® 1.25; No. 3. 950 @51.05; clover. OOetfr $1 .25. Dressed poultry—Dull: turkeys 25@4fle: chickens, 27 @ 36c: capons. ?j@ssc: fowis. 14 @ 32c: ducks, 18@20c: Long Islands. 250. Live poultry— Dull: gees*;, 10@15o: ducks. 14® 26c; fowls, 27c; turkeys, 15® 30c: roosters. 12c; broilers. 24® 42c. CheeseDull; State whole milk common to specials. 19@27%c; Young Americas, 24 @ 26 %c. Butter—Firm: receipts. 22,305; creamery extras, 43c; special market. 43% @44c. Eggs—Quiet: receipts, 033166; nearby white fancy, 39 @4oc: nearby State whites. 83 @ 38c: fresh firsts. 31% @ 35c Pacific coasts, 35 (1 42c: western whites, 32®38c: nearby browns. 37@39c. ENCOURAGE LIVESTOCK Canadian Pacific Sends Special Train Over Branch. Bu Times Special MONTREAL, Quebec, May 30. In order to encourage the farmers of eastern Ontario in better breeding of livestock, the Canadian Pacific Railway is operating a better .farming special train over its Ottawa--1 Pembroke branch. The train consists of fifteen cars specially built for the purpose, having exhibits of pure-bred cattle, swine andvpoultry. Some of these animals are to be sold during the trip, but the majority, are for exhibition and Instruction. Attached to the train are demonstrators and lecturers. After the train concludes Jcs tour in Ontaria it will move west and be used for similar purposes out c( Winnipeg. A labor temple to cost ssou is planned by tne labor uniono of Grand Rapid3, Mich. Birmingham, Eng., produces the largest variety of manufactured goods of any city in the world. Thirty-three women were nominated for the forty seats on the Edmonton 'England) board of guardians. Oil th* Swedish state ral. ways conductors must b* able to speak three languages. Three-fourths of the world’s phosphates are produced in Polk County. Florida.

New Style*—New Model* * SPRING SUITS 15 *• Wh(wWMMilftiSNWi Delaware

THE INDIANAPOLIS TIMES

New York Stocks (By Thomson A McKindenl*^

—June 2 _ Railroads— Prey. High. Low. 11:45, close. Atchison ..118% 118% }lB% Atl Cst L. .163 % ... 13% if 2% B & O ... 79% 78% 78% 80 Can Pacific 141 % 141 141% 141 C& O ... 96% .. . , ?o% 97% C 4 NW to 50 55% 50 50% C R I M P 40 45% 46% 40 Dei & Hud 148% ... Del & Lac. 142% ... 142% 143% Erie .... 28% ... 28% , 29% Erie Ist pd 38 ... 37 % '* Gt Nor pfd 67% ... 07% 67 Lehigh Val 80% ... 80% 80 LAN ... ... 111% Mo Pae pfd 80 78% 79 79% NY Cent. .117 .... 117 117 NY NH & H 33 32% 32% JJ North Pae. 04% ... 64% Nor &Wn 129% ... 129% 129% Pere Marq. ~ ... . §3^ Penney .. . 4li % ... 43 % 4J % Reading ... 88 87 % 87 % £8 % So Railway 90% 94% 94% ><o % So Pacific 101 100% 100% St Paul ... 10% 9% 10% 9% St Paul pfd 15% 13% 15% 13 % St L & 3W 47 St L & 9 F 83 ... 82 . 82 % Un Pacific 137% 130% 137% 137% Wabash . . 28% ... ~8 a -8 Wabash pfd 06% ... 65% b% Rubbers— Fisk Rubber 16% 16% 10% 16% Goodrich R 52 % ... 01. 52 % Goodyear pf . , ... ... , 100 Vi Kelly-Spgfld 18% ... 18% 18 U S RUbber 47 % .. .. , 46 % 47 % Equipments— Am Stl Fdy 39% 39 39% 39% Amar Loco 123% 122% 123 123% Bald Loco 117 % 116% 116 117% Gen Elec . . 292 % 289 291 % 288 Lima Loco. .. ... ... 63., Pr Stl Car 52 ... 52 52% Pullman ..139 ... 139 139% Ry Stl Spg 128 Westh Abk 102 Westh Elec 73 ... 72 % 72 % Steels— Bethlehem . 38 % 37 % 38 % 38 % Color.ido F . . . ... ... 37% Crucible ... 68% ... 68 68% Gulf Slates 84% 83% 84% 83% P R C & 1. 40 ... 4040 RI A Steel 44% ... 44% 45% Sloss-Sheff.. 85% ... 85% 86% U 9 Steel. 115 114 114% 116% Vanadium.. 27% ... 27% 27,% Motors— Amer Bosch 34 ... 33% 33 Chandler M 35% 35% 35% 35% (Gen Motors 77 76 70% 76% Mack Mot 180% 177% 179 179 MM (A). 120 120 120 M M <B) . 116% 112 116 110 Moon Mot.. 27% 20% 27% 20% Studebaker. 46% 48 46% 40% Stromberg. .70 ... 70 Stewart-W.. 69 ... 08 68% Timken . . 41 40% 40% 41 Willy s-Over 31% 20% 21 20% Dodge 78% ... 78% 78% Minings— Dome Min ... 14% Gt No Ore 28% 28% 28% Int Nickel. 20% ... 20% 28% Tex G& S 106% ... 106% 107 Oils— Cal Petrol.. 28% 28% 28% 28% Cosden ... 31 % 31 % 31 % 31 % Houston Oil 68 ... 68 68 % Marlaud Oil 42% 42% 42% 42% P-A Pete... 76 ... 70% 70% P-A P 181 77 76% 76% 76% Pacific Oil.. 58% 57% 57% 57%

$45,000,000 Government of the Argentine Nation \ EXTERNAL SINKING FUND 6% GOLD BONDS ISSUE OF JUNE 1, 1925 * Dated June I, 1925 • ' * Due June 1,1959 Interest payable June 1 and December 1 v Redeemable through the operation of a cumulative Sinking Fund of 1% per annum, calculated to be sufficient to retireihe Bond* of this issue not later than June 1,1959. i Coupon Bonds in denominations of SI,OOO and SSOO, register able as to principal only. Principal and interest payable in United States gold coin of the present standard of weight and fineness, in New York City at the offices either of J. P. Morgan Sf Cos. or of The National City Bank of New York, Fiscal Agents for the Bonds of the Issue of June 1, 1925, without deduction for any Argentine taxes, • t 'S present or future. The following statement fin which all figures originally stated in Argentine currency have been converted Into United States dollars at par of exchange for the gold peso or paper peso, as the case may be) has been authorized by Felipe A. Espil, Esq., Charge d’Affaires of the Government of the Argentine Nation at Washington, D. C. •. /- obligation These Bonds are to be direct externa ’ obligations of the Argentine Government. The Government will covenant that if, while any of these h'onds remain outstanding, it shall create or issue or guarantee in accordance with the Argentine Constitution, any loan or bonds secured by lien on any of its revenues or assets, the Bonds | of this issue shall be secured equally and ratably with such other loan or bonds or such guaranty. FUfQpose The Argentine Government has outstanding $35,000,000 of dollar Treasury Notes payable during the V current year. Os such Notes, $20,000,000 were issued in anticipation of the sale of these Bonds and will ( be retired by the proceeds thereof, the remaining $15,000,000 being dealt with under other powers of the Finance Minis- / try. The proceeds of the issue in excess of the amount required to retire the $20,000,000 maturing notes will be used to f, ' repay floating debt of the Argentine Government as provided for by Laws 11206 and 11207 which govern this issue. SINKING FUND The Government will covenant to pay to the Fiscal Agents as a Sinking Fund, beginning December 1, \ 1925, and thereafter semi-annually on June 1 and December 1, in each year, an amount equal to onehalf ofl%of the maximum principal amount of Bonds of the Issue of June 1,1925 at any time theretofore issued plus an amount equal to the accrued and unpaid interest on all Bonds previously acquired through the operation of the Sinktng Fund. Such Sinking Fund payments (which may be increased by the Executive Power if considered advisable) are to be applied to the purchase of Bonds below par through tenders, or, if not so obtainable, to the redemption of Bonds, called by lot, at par. government The total debt of the Argentine Government as of December 31,1924, amounted to about $935,0004)00, • ” ass£Ts ND or ® ■SQutoflkrct of about $93.50 per capita, as compared with the national wealth, according to the census of 1914 (the latest official figures), of $14,543J000,000, or more than $1,450 per capita. Government owned properties (including revenue producing investments of $530,000,000) had a total value in 1914, according to the . same census, of $1J25J000.000, or about s2oofioojooo more than the total government debt now outstanding. GOLD RESERVE A gold reserve of $463,000,000 is held against the note circulation (.equivalent to $588,000,000), resulting in a reserve ratio of over 78%. GENERAL' Argentina has an area considerably greater than that part of the United States east of the Mississippi River, and has an estimated population of 10,000,000 persons. Agriculture and live-stock raising are the principal occupations of the country, which is one of the world’s chief exporters of cereals, meat, hides, wool and linseed. The foreign trade of Argentina is greater than that of any other Latin American country. During the past few years its purchases from the United States have been larger than the combined purchases of the three next largest South American customers of the United States. The Argentine’s merchandise exports in 1924 were valued at $976,000,000, its imports at $800,000,000, resulting in a favorable trade balance of over $176,000,000. The improving Argentine trade balance during the past eighteen months, has resulted in a steady rise in value of the Argentine paper peso, which is now quoted in New York at about 95% of par. Measures have recently been taken to prepare the way for a complete restoration of the gold standard which existed In the Argentine prior to 1914. > Application is to be made to list the above Bonds on the New York Stock Exchange. i THE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO THE CONDITIONS STATED BELOW, AT 96% AND ACCRUED INTEREST, TO YIELD OVER 6.25% TO MATURITY. Subscription books will be opened at the offices of J. P. Morgan Cos. at 10 o’clock A. M., Tuesday, June 2, 1925, and will be closed in their discretion . The right is reserved to reject any and all applications, and also, in any case, to award a smaller amount than applied for. All subscriptions will be received subject to the issue and delivery to us of the Bonds as planned. The amounts due on allotments will be payable at the office of J. P. Morgan 4" Co s„ in New York funds to their order, and the date of payment (on or about June 16,1925) will be stated in the notices of allotment. Temporary Bonds, exchangeable for definitive Bonds when prepared, are to be delivered. Jm ffi-s ' *.i j • i J. P. MORGAN & CO. THE NA TIONAL CITY COMPANY , New York, June 2, 1925. As Ml of these bands have been sold , the advertisement appears only as a ngauer of record. i. . : ’A. J,Jh . I&AZi. j - \

Phillips P> 42% ... 41% 42 Pure 0U... 28% 28% 28% 28% Roval Dut 51% 51 51% 51% 9 Oil of Qnl 58% ... 58 fiS'i S Oil of N J 42 % 42 % 42 % 42 % Sinclair ... 20% .... 20% 20% Texas C 0... 48% 47% 48% 47% Tr Con Oil. 4% -.. 4% 4% Coppers— Am Smelt. 106% 104 104% 105 Anaconda.. 39% 39 39 % 39% Inspiration. 27 ... 27 27 Kenneeott.. 50% 60>% 50% 60% Utah Cop ... 90 U 8 Smelt. 37% .... 37 37 Industrials — Allied Cliem 93% 92 92% 92% Ad Ruraely ... ... ... 11 Allis-Chaim 84 ... 84 84 Am fan ..189% 187% 188% 188% A H & L pf 72 ... 71 % 72 % Am Ice ... ... 106 % Am Woolen 37 % ... 37 % 37 % Cent Loath 18% ... 18% 19% Coco-Cola .114 ... 113% 113% Congoleum. 26 % ... 20 % 26 V; Cont Can.. 65% ... 05% 05% Dav Chcm .30 ... 36 36 % Mm Player 105 ... 103% 105% Gen Asphalt 53% ... 53% 54 Int Paper. 73 ... 71 73% Int Jfarv .109 108% 109 108% May Stores. 123% 127% 123% 121% Mont-Ward 53% ... 53% 53% Owen Bottle. 49% ... 49% 49% Radio 57 55% 60% 56% Sears-Roe JOS% .-• 168% 168% IT 8 C I P 00 89 % 89 % . . . U S In Al 90 89 % 89% 89% Wool worth 135% 133 133% 135 Utilities — Am TAT. 140% 140% 140% 140% Con Gaa ..80% 80 % 86% 86% Col Gas... 65% 64% 04% 65% Peo Gm 118 ... 118 117% Ws t Union. 134% \133% 134% 132% Shipping— Am Int Cor 33% ... 33% 33% Am SAC.,, ... ... 8% Atl Gulf .. 46% 46% 40 % 40% Int M M pf 36 ... 35% 35% Foods—p M 3u . 63Vi Wt Com Prdts 33 33% 33 32% Cu C S nfd 51% ... 51 60% Cu-Am Su. 30% ... 30% 30% Punta Alegr .. ... ... 40 % Wileon Av 0... ... ... 5 % Tobaccos— Am-Sumat. 9% ... 9% 9% Am Tob . . 95 % ... 95 05 % Con Cigars 43 42 42 43 Tob Prod B 89 79 U O Stores 70 ... 70 09 % CHECK COSTS LIBERTY Criminal Judge James A. Collins today fined Russell Sullivan, 24, SIOO and costs and sentenced him to one to five years at the Indiana State Reformatory on charge of issuing a fradulent check. Natural gas was used centuries ago by the Chinese, but the first man to light his houso with it was William Murdock of Cornwall. England, who so used it in 1792.

Trade Reviews Say

I think everyone with the slightest interest In the stock market knows what the market's strongest* point Is because it has been discussed so thoroughly: It is the easy money situation. Now what do you think is the market's weakest point? Everyone knows that prices; are exceptionally high and this is, I think, the weakest point. Just think about this for a moment. No matter how bullish one may be, no matter how confident one maly be he knows and admits that prices are already very high and nine out of ten probably ask the question frequently how long will it last? That’s a sign of weakness because here is a case where doubt is mingled with bullishness. When you have that state of mind you don’t know what moment an enormous number of selling orders will appear, and most likely will appear at a time when the market needs support. There {s so much In the market that appears to me as artificial and purely professional that I don't think It is advisable to carry to many stocks.— B. H. E. Thomson & McKinnon. The bituminous coal industry is still in a bad way. The Geological Survey reports production this year to May 16 as 181,151,000 tons, against 185,421,000 in 1924, 210,436,000 in 1923 and 196,867,000 in 1920. In 1924 there was danger of a strike on March 1, which stimulated‘buying in the first three months and in 1923 consumers were still replenishing stocks after the big strike of 1922. The coal Industry has had no normal year since before the war, and has been completely disorganized by the experiences through which it has passed. Expert calculations indicate that between the competition of fuel oil and hydro-electric power, and the economies which are being accomplished in the consumption of coal for the generation of steam, the country is actually using less coal than formerly. At any rate, it is using less in proportion to the coal-producing capacity.

RELIGIOUS TEST BEING PLANNED FOR DELAWARE Civil Liberties Union to Contest Statute on Bible Reading. B XEW C YORK n, June 2.—The American Civil Liberties Union, which promoted the test cuse of the AntiEvolution law in Tennessee, has announced that it will attempt a similar test of the Delaware law providing compulsory reading of the Bible, “without comment,” in the public schools and colleges of that State. “The Delaware law, like the Tennessee anti-evolutionary law,’’ says Prof. Clarence R. Skinner, of Tufts College, chairman of the Union's committee on academic freedom, so serious a blow at academic freedom that we cannot let the issue rest until it has been passed by the courts.’’ Just Read Bible The Delaware law, according to Professor Skinner, provides that “no religious service or exercise except the reading of the Bible and the repeating of the Lord’s prayer, shall be held in any school receiving any portion of the moneys appropriated for the support of public schools.” “Since it is customary to use the King James version of the bfble,” Skinner said, “thia law would make all religious teaching other than Protestants in the Delaware schools a serious misdemeanor.” Seek “Subject” “We are looking for a parent or a teacher who is willing to accept our legal and financial services In testig the Delaware law. Distinguished counsel have offered their services. By this test we hope to render a real service to freedom 08 teaching and to religious freedom throughout the country, for we do not believe the law will be sustained.” It is held by the Civil Liberties Union that the Bible law violates both the constitutional guarantee of religious freedom and the Delaware

bill of rights. Th* bill of rights provides that nobody shall be taxed to support any place of worship, nor compelled to attend any such plice of wonahip. It also provides that no religious test shall be required as qualification for any office of pubic trust.

He Was a Polite Traffic Cop

nSpiPjeiilk.

Homer L. Yeigh Maybe you thought there were no polite traffic cops. Well, there are—or at least, thore was one. He’s Homer L. Yeigh, for ten years on duty at the busiest corner in Huntington, W. Va., and always polite. Yes, it couldn't last. The citizens were so overcome they went to the polls and elected him city commissioner, and that by a record-break-ing majority. telescope has been invented which, although only five inches long, will magnify four and a half times. A submarine boat is said to have been invented in 1579 and another is believed to have been tried on the Thames at the beginning of the seventeenth century. Forty-five per cent of the American people own their own homes.

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