Indianapolis Times, Volume 37, Number 42, Indianapolis, Marion County, 29 June 1925 — Page 17

MONDAY, JUNE 29, 1925

STRONG TRADING FEATURES HOGS

SOUTHERN RAIL RISES 2 POINTS AS MART OPENS Fisher’s Commodity Price Index Reaches New High at 159.5. | Average Stock Prices Afer we price of twenty Industrial stocks for Monday, June 28. wds 129.73, up .60. Average price of twenty rails for Monday, June 29, was. 98.57, up .16. Bv United Prexs NEW YORK, Juno 29.—Announcement of a decision against the preferred stock Holders against the Southern Railway in their suit for $29,000,000 in back dividend which come after the markets closed on Saturday was the most important news over the week end, with a direct bearing on the stock market. Southern railway common jumped two points to a record high at 99 in the early dealings in response and the general list maintained a confident tone. An important factor in the con--sreTiee of the situation displayed y tne market as a whole was the rise in Fisher’s commodity price Index to 159.6, the highest level reached since February, demonstrati ing that general business lines were in a healthy business condition. Local Bank Clearings Indianapolis bank clearings for Monday, June 29, amounted to J 2.850.000. Bank debits for 'Monday, June 29. were SO,167.000. STOCKS UNDER' PRESSURE California Earthquake Routs Wall Street. B i/ Vtel Preie NEW YORK, June 29.—The New York stock market which had been virtually Inactive the most part of today’s session broke into tremendous activity following news of the earthquake in California and stocks were dumped on the market in huge quantities. Shares of companies operating on the Pacific Coast were under particularly heavy pressure, Petroleum of California breaking three points between sales. Shares of California companies were similarly affected on the curb market where Southern California Edison broke 10 % points in two I sales to 109. I UNION PLANS BUILDING Clothing Workers to Erect $30,000 Structure at Once. f Amalgamated Clothing Workers L of America will erect a $30,000 twoLstory building at the northeast corMner of Pratt St. and Capitol Ave. A Homer Foster, president of the Hj>cal union, said work will begin ■Bbon. 39 LEGAL NOTICES CITY ADVERTISEMENT DEPARTMENT OF PUBLIC WOB7IS OFFICE OF THE BOARD TO WHOM IT MAY CONCERN: Notice la hereby given by the Board or Public Works of the City of Indianapolis, Indiana, that on the 20th day of Juno, 1926. they unanimously adopted Declaratory Resolution No. 12091, 1925. for the opening and widening. _ $ June 20. 1926. Declaratory Resolution No. 12591, 1925. Resolved, by the Board of Public Works of the City of Lndianapolis, Indiana, that It i desired and deemed necessary to open ar.d widen FIRST ALLEY SOUTH OF PROSPECT ST. From East Property Line of Leonard B*. To West Property Line of the Second Alley East of Leonard St. The proposed opening and widening being more particularly described as follows: "Beginning at the Intersection of the north line of the First Alley South of Prospect St. with the east line of Leonard Bt.; thence east along the said north line to the west line of the Second Alley East of Leonard Bt.; thence south along eald west line a distance of 13 feet 0 Inches to a point; thence west along a line, said line being 13 feet 0 Inches south of and parallel to the north line of the First Alley South of Prospect St., to the east line of Leonard St.; thence north along said east line to the north line of the First, Alley South of Prospect St., the place of beginning." The property beneficially or injuriously affected by the nropoeed opening and widening being the abutting property on the south side of the alley. The Board of Public Works of said city i has fixed Friday, July 17th. 1925, as & ' date upon which remonstrances may be || filed or presented by persons interested in, ■ or affected by, said proposed opening and widening as above described, and on said day at 2 o'clock p. m., said Board will meet at Its office for the purpose of hearing and considering any - remonstrances which may have been filed or presented, and for the purpose of taking final action thereon. Such actions shall be final and conclusive upon all persons. CHARLES E. COFFIN. W. H. FREEMAN, * M. J. SPENCER. Board of Public Works. City of Indianapolis. June 59-Ju)y 0, 1925. UITY ADVERTISEMENT DEPARTMENT OF PUBLIC WORKS OFFICE OF THE BOARD Indianapolis, Ind.. June 27. 1926. TO WHOM IT MAY CONCERN: Notice is hereby given by the Board of Public Works of the City of Indianapolis, Indiana, that on the 26th day of June, 1926. they approved an assessment roll tne prima facie assessments for following described public improve-' ai authorized by the Improvement named; Improvement Resolution No. 12237. NOWLAND AVENUE. northeast property line of ComAvenue, northwest property line of Jefferson ’ grading and paving the roadway will, Block Asphalt, Asphaltic-Cou--115.0r Brick: laid on a 8-lnoh gravel conft- foundation to a uniform width of 30 ?grading and paving the wings of the Hiecting street and alley in a similar and to the widths us shown on constructing 2 manholes: providing I- Iron Inlets; laying 300 lineal feet of --■■cli drain pipe with connections made to Commerce Avenue and new manlaying 400 lineal feet of 12-iticn pipe with connections made to Inlets, manholes and drain sewer as shown ■1 1 plan; providing 10 lineal feet of 4xlß- - Limestone Marginal Stone; resetting 2 manhole tops to grade. ■-■H Also extending all water, gaj. sewer and Uher private service connections to prop■wrty line, where not already in. ■ All to be as shown on plan and as ■ specified. Persons Interested In or affected by said I described public Improvement are hereby L that the Board of Public Works aid cltyr lias fixed Wednesday, July , wiU be received, or heard. the amount assessed against each of property described ip said roll, will determine the question as to kgßsnether such lots or tracts of- land have peen or will bo benefited in the amounts named on said roll, or in a greater or less sum than that named on said roll. Said assessment roll showing said prima facie assessments, with the naqlese of owners and'descriptions of property subject to be diseased. Is on file and may be seen at if the Board of Public Works of said city. r/HABLES E. COFFIN. w. htfreeman. Board of Pabll2 M 'v^orks >E CUy s os Indian- . spoils. ' tune 29-July 0, 1926.

New York Stocks

i —June 29 Railroads— Prev. High. Low. 11:45 close. Atchison .. 118% ... 117% 118% At Coast L 159 . .. 159 B. sc O 70% ... 70% 76% Can Pac 144% C. & O 94 ... 94 94 C. &N. W. 04% ... 03% 03% C.. RAP 44% 43% 44 43% S& Lack.. 140 % ... 140 % ... rie 27 4 ... 27% ... Erie Ist pd 35% ... 35% 80% Gt N oj ,pfd. 09% ... 09 09% Lehigh Val 81 ... 81 80 % L. A N. . .111% 111 111% .. . Mo Pac pd . . .... ... 70% N Y Cen. 115 ... 114% 115 N Y NHAH 81% 31% 31% 31% No Pacific. 08% 08% 08% 08% Nor A W.. 127% ... 127% 128% Pennsylvan. 40% ... 48% 47 Reading ... 85 84% 85 §5% So Railway 99% 98% 98% 97 So Pacific.. 99% ... 99% 99% St Paul 9 ... 9 9 St Paul pfd 16 15% 16 10% 9t LA S W 45% ... 45% 40% St L A 8 F 81 80% 81 80 Union Pac 139 138% 138% 137% Wabash . . 29 % ... 29 % 29 % Wabash pld 87 80% 07 00% Rubbers — Fisk Rub.. 19% ... 19% 19% Goodrich R 53% 53 53% 62% Goodyr nd 104% 104% 104% 104% £ Ily-Spg .. 19% 18% 19 lb% L Rub... 61% 49% 50% 49 Equipments— A Car A F 100 ... 100 100 Am SI Fd. 38% ... 88% 38% Am Loco. 1.18% ... 113 Al3Vb Bald Loco 112 111% 113 112 Gen Elec. 288% 287% 288% 287% P Steel Car 49% 49% 49% 49 Pullman ..138% ... 138% 138% West Elec. 71% 71 71% 71 Steels—r Bethlehem. 39% ... 39 39 Vi Colo Fuel .40% ... 40% 40 Crucible ... ... .. . 67 % Gulf States 82% 81 81% 81% P R C A I 39 ... 39 ... Ren lAS 45 Ihrte iis% iii% iii% iff Vanadium. .. ... ... 28% Motors— . Am Bosch. 36 35% Chand Mot 37 % ... 37 % 37 K Gen Motors 85% 83% 84% .21% Mack Mot 170% 177% 178 178% Mot Wheel 36 % 29 % 32 % ... Max Mo B 119% 117% 118% 118% Moon Mot. 32% ... 31% 32% Studebaker. 48% 48 48% 48% Hudson ... 64% 63% 04 64% Stew-Warn. 09% 69 69% o* Timken ... 42 41% 42 41% Wlllys-Over 21% 20% 20% 21 Dodge pfd 83 82% 83 83 Minings Dome Mints 14% ... 14% 14% Gt Nor Ore 27% ... 27% 28% Int Nickel .29% ... 29% 29% Tex G A 9 113 ii 2% 112% 112% Coppers— Am Smelt 105 ... 104% 104% Anaconda.. 39 38% 39 38% Kennecott.. . 61 60 % 61 60 % U S Sfinelt 30% ... 30 30 Oils— Cal Petrol. 29 ... 28% 29 Cosden ... 33% 88 33% 33% Houston Oil 75 ... 75 75% Marland Oil 44% 43% 43% 44% fan-Am Pet ~ ... ... 80% P-A Pete B t 9% 78% 79% 80% Pacic Oil. . 67 % 57 % 67 % 67 % Phillips Pet 46 ... 44% 45% Pure Oil . 80 ... 29% 30 Roy Dutch 51% ... 61% 62% 9 011 of Cal 59 ... 58 % 69 % 9 Oil of N J 44% 44% 44% 44% Sinclair-.. 22% 22% 22% 22% Texas Cos.. 51% 61% 51 Vi 44% Tr Cent 011 4% ... 4% 4% Industrials— x Allied Cnem PI ... 91 91% Allis-Chalm 82 ... 82 82 Am Can ..197% 193% 194 198 AH&Lp 71% Am Ice .. . . ... ... 110% Am Woolen 30% 36 38% Cent Leath 17% 17% 17% 17% Coca-Cola .110% ... 110% 110 Congoleum. 26% ... 25% 25% Con! Can. 00 % 68 00% 66% Dupont . .181% •'. .. 180 180% Fm Player. 103% ... 103% 103% Gen Asphalt .. ... ... 62 % Int Paper. 08 07 07% 07% int Harv. .. ... ... 107 Mont Ward 52% ... 62% 62Vi Owen Botle 48 % 48 48 Radio 65 65 65% 66% Seare-Roob 108% ... 108% 170% U 9 C I P .. 101 U S Ind Ale 80 ... 80 87 Wlworth ..141% 140% 141% 140% Utilities— Am TAT. 141% 141 141% 141% Con Gas. .. 87% \.. 87 87% Col Gas .. 04 % ... 64 64 Phila Cos.. 00% ... 60% 00%

Trade Reviews Say

Dr riectrical World NEW YORK, June 29.—Increases of 5 to 10 per cent In prices of the smaller size* of rubber-covered wire have been announced in tne week Just ending. The uplift hr.* been brought about by the recent sharp advance in crude rubber. The larger sizes of rubber-covered wire already hare followed rubber, while prices for the *mi Her eize* of wire remained unsettled on rather keen competition among seler*.

Activity In sale* of motor* to manufacturer* of electric refrigerators ha* been a factor in the market. In New England the demand for industrial equipment has been better, with Bales of general purpose motors numerous. Inquiries received In that territory revealed a broader market for Industrial heating equipment. Buyers of Buppliee by central-station companies continues in steady volume in the New York district. The Southeast reports steady buying in the construction eld and from the textile mills. Industrial buying and maintenance purchases toe k on fairly large proportion* in the Middle W*t. The Pacific coast district reports Improvement in nearly all branches of cue riectrical industry.

Indianapolis Stocks

—IS tacks— ■ Bid. Ask. American Central Life 200 Am Creosotlng Cos pfd 100 Advance-Rumely Cos com... 14% 16 Advance-Rumely Cos pfd... 52% 64 Belt R R com 69 73 Belt R R pfd .. . 64 . .t. Cent IndP Power Cos pfd.... 89% 95% Century Bldg Cos pfa 99 ... Cities Service Cos com Cities Service Cos pfd... Citizens Gas Cos com 39% 42 C.tizens Gas Cos pfd 105 ~.. Indiana Hotel com 100 Indiana Hotel pfd 100 ... Indiana Pipe Line k .. Indianapolis Abat pfd 5 Indianapolis Gas 55 60 Indpl* & Northw pfd 20 ... Indpl* A Southeast pfd 20 Indpls Street Railway .... 45 45 Interstate Pub 9 or lien. . . 97 101 Merchants P Util Cos pfd.. 95 ... Public Savings In* Cos 12 ... Rauh Fertilizer pfd 48 ... Standard Oil Cos of Ind. ... 60 68 Sterling Fire Ina Cos 11 12% T H I & E com 3 6 T H I & E pfd 16 20 T H Trac and Lt Cos pfd.. 92 100 Union Trac of Ind coni 1 Union Trac of Ind Ist pfd. ... 10 Union Trac of Ind 2d pfd. . . , - 4 Van Camp Pkg Cos pfd.... 18 ... Van Camp 2nd pfd 100 Van Camp ib-od Ist pfd... ... 100 Vandalia Coel Cos com ... Vandalia Coal Cos pfd ... Wabash Ry Cos com 28% 29% Wabash Ry Cos pfd 80 68% ——Bond*-- 1 - Belt R R and Stk Yd* 4*... 89 Broad Ripple 5s 08 .. , Citizen Gas 6s 07 98 Citizen St Ry 5s 80 85 Indiana Coke and Gas oa. . 94 96 Indiana Hotel 5s 95% ... Ind Ry and Light 5s 92 , . . Ind Col A So 0s 00 100 Indpls Gas 5s 97 99 Indpls Lt and Ht 6s 99 ’ .. . Indpls & Martinsville 5s ... . 60 Indpls Northern be 27% 32% Indpls & Northwestern ss. ... 46 Indpls & S E 5s 25 Indpls Shelby A 8 Bss .. . , 25 Indpls St Ry 4s 56 61 Indpls Trac & Term 6s .... 91 04 Indpls Union Ry 6* 98 ... Indpls Union Ry 4%* 08“ ~ . . Indpls Water Wks Sec Cos.. 94% indpls Water 5%s f&2% 104 Indpl* Water 4%* 93% 98 Interstate Pub Serv 65.... 98 101 T H I A E 5s 70% 72% T H T A Light 84 Un Trac ot Ind 0* 20% ... —Birk Stock— Aetna Trust and Sav C 0... 110 Bankers Trust Cos 126 ... City Trust Company 125 ... Continental Natl Bank ...100 ... Farmers Trust Cos 210 ... Fidelity Trust Cos 154 ... Fletcher Am Natl 8ank....151 ... Fletcher Sav and Tr C 0... .219 Indiana National Bank ....252 ... Indiana Trust Cos 217 Hi Livestock Exch Bank 100 Marion County State Bank. 200 ... Merchants Nat Bank 303 .. . People* State Tank 170 Security Trust 200 ~. State Sav and Trust ...... . . 98 Union Trust Company ....340 400 Un Lab Bk and Tr Cos . . Wash Bank and Tr C0....160 ... —Liberty Bonds— Liberty Loon Ist 3 %s. 773.00.84 101.00 Liberty Loan Ist 4%5...102.84 102.70 Liberty Loan 2d 4%s 101.30 101.40 Liberty Loan 3d 4%* 101.70 101.76 Liberty Loan 4th 4%5...102.04 103.10 U 8 treasury 4%s 107.70 107.80 U S Treasury 4s . ■ ■ .103.70 103.90 SIO.OOO Liberty Loan 4th 4%*...103.00

Illy Thom sot * atcitiriu jo •

West Un .132% 132 132 132 Shlppi'ig— Am Int Cor 35 % 34 H 34 % /... Am S A C 8 % 8 % 8 % ... Atl Gulf . 62% 62% 62% 62% Int M M j.> 33 ... 33 32% United Fra 25% Foods— Am Sugar. 64% 64 84% 04 Corn Prdts 34% 34% 34% 34% Cu Cn Sup 52 % 62 52 % ... Cu-Am Sug 28% 28% 28% 28% Punta Alegr 39% ... 39% 39% Ward Bak 02% 02 02% 61% Tobaccos — *.m Tob .. 95% 95% 96% 95% Gon Cigar. ~ ... 87% 87% Tob Prd B 85% sl% 82% 82% U C Stores 92% 89 ,91% 91% GRAINS DROP TO NEW LOW MARK t _ All Corn Deliveries Go Below Dollar. Bu United Frees CHICAGO, June 29.—Grain futures dropped sharply to new lows on the present movement In today’s trading on the Chicago Board of Trade. On the slump all corn deliveries went below the dollar mark. In late trading September managed to jump a fraction above the dollar. Good weather over the belt and lower cables were prominent factors that led to general selling in wheat. Stop loss orders that were uncovered on the way down accentuated the decline. Bulges resulted from time to time on -liberal short covering, but they did not hold|T due to absent of buying power. Corn was under pressure most of the day that was augmented by weakened wheat. Oats followed other grains to a lower close. Provisions were greatly weakened by grains and Increased offers. Ch'jago Grain Table —June 20— WHEAT— _ „ Prev. Open. High. Low. Close, close. July 1.48 149 1.44% 1.45% 1.48% Sept 1.45% 1.45% 1.41% 1.42 Vi 1.48% Dec. 1.47% 1.47% 1.43% 1.44 1.48% CORN — July 1.00 1.00% .97% .98% 1.00% Sept 1.02 1.02 .99% 1.00% 1.52% be c 88% .80% .87 .88% OATS— July. .45 .45 .42% .43 .45 Sept. .4&% .45% .44% .44% .40 Dec.. .48 .48 .40% .40% .47% LARD— July 17.07 17.10 10.80 10.86 17.18 RIBB— nominal 18.40 1b.50 RYE— July 1.01 Vi 1.01% .95% .90 1.01% Sept 1.03% 1.03 0 .98% .98% 1.04% CHICAGO, June 29.—Carlot receipts were: wheat. 13; corn, 73; oats, 32; rye, 0.

Produce Markets

Eggs—Strictly lresh delivered at Indianapolis 27c, loss off. Poultry—Hens. 22c; Leghorn hens, 15c: springVrs, 30c: Leghorn spring. 25c; young turkeys. 25c; old turkeys, 20c; cocks and stag*. 10c. Butter—Jobbers’ selling prices for creamery butter; fresh prints, 45 %@ 40 %c. Cream—44c a pound for butter fat, delivered at Indianapolis. Cheese—Selling prices: Domestic Swiss. 30044 c; Imported. 53059 c; New York brick. 20%c: Wisconsin limburger, 27% @2B%c; Wisconiti Daisies. 25%c; Long Horns, 200 27c; American loaf. 32c: pimento loaf. 34c; Swiss loaf. 39c. NEW YORK. June 29.—Flour —Dull, easy. Pork—Dull. Mess—s4l. Lard — Firm; midwest spot, 17.80® 17.70 c Sugar —Raw, easy; centrifugal 90 te**. 4.30 c; refined, quiet granulated, 5.500 5.60 c. Coffee—Rio 7 spot, 21c: Santos No. 4. 24%@24%c. Tallow—Firrfi: special to extra, 9@9%c. Hay—Steady: No. I, $1.2501.30; No. 3. [email protected]: clover, [email protected]. Dressed poultry—Quiet: turkeys. 22@400: chickens. 25 0 48c; capons, 35 062 c: fowls. 14® 33c; ducks, 10® 24e: Long Island. 23c. Poultry—Quiet; geese, 10015 c; ducks. 14® 24c; fowls, 24 @2Bc: turkey*. 20030 c: roosters, 13c: broilers. 28 Q 42c. Cheese—Quiet; state whole milk common to specials, 19 @ 27 %c. Butter —Steady; receipts. 3.907. creamery extras. 41%@42%c; special marlet. 41%@42%c. Eggs-—Quiet: ecelpts, 14 800: nearby white fancy. 46 0 47cl nearby state whites, 38 0 45c: fresh firstis. 33 0 40c. Pacffic coasts. 38 0 40c: western whites, 34 045 c; nearby brown*. 40 0 45c. * CHICAGO. June 29.—Butter—Receipts. 24.407; creamery. 41c: standard*. 41c; firsts. 37 037 %c: seconds. 34@36%c. Eggs—Receipts, 29,482. ordinaries. 29c: firsts, 30@31%c. Cheese—Twins, 22'i_@ 22 %c: Americas, 23 %c. Poultry Receipts. 7 cars; fowla 21%@24%c; ducks, 18c: spring ducks. 24c: geeee, 13c: spring B**ae. 20c; springs. 38c; turkeys, 20c: roosters. 14c- broilers. 32 038 c. Potatoes —Receipts, 279 cars: Oklahoma and Arkansas Triumphs. $2.40 02.80: Oklahoma Cobblers, $2.00@3. Kansas Early Ohio*. 52.500 2.65: "Virginia Cobblers, $5.25® 5.50: Wisconsin round whites. 1.20@ 1.50.

Commission Row

Price to Retailer* Fruit* Grapefruit—Florida. $6.50 @7. Lemons—California. 300*. SB. _ Oranges California Valcenlas. s7@ 9.50: Florida. S9OIO. Pineapples—Cuban, crate. $3.50@4. Apples—Fey. Wincsap*, 80* to 88*. $4 box; 100s to 150s. $4 box: 163* to 176?. $3.75 box. Fey. Transparent*. 40-pound bskt.. s3@3.. r <o: choice transparent*. 40pound bskt.. $2.50. Cherries—-California. 15-lb. box, $4.50; Indiana. 24-qt. crate. $4.6006. Cantaloupes—California erat®, t 1.25: standard. $4.50: pony crate. 93.50. at crate. $1,75. Apricots—California, basket. $2.75. Cocoanuts—slol.26 dozen. Gooseberries—lndiana. $3 @3.60 crate. PeaOl.es —$2.75@3 bu. Plums—California. $2.2508 basket. Raspberries—Black, $3 crate; red. $3.60 @8.76 crate. Blackberries—s3 case. Strawberries—s 7 crate. Water melons —Florida. 90c. Vegetables Asparrgus—Home-grown, green, dozen. $1: white. oOc. Beans—Hamper. $4.25. Beets- -Texaa. bunched. 45c. Cabbage—Fey. home-grown*, per barrel. $4.25. Cauliflower—California. $2. Carre.t*—Southern, bunched. $1.60. Corn—Texas, bu., $2.25. Cucumbers—Southern, dozen 51.36. Kale—Home-grown, bu.. $1.50. Lettuce—Western Iceberg, crate. $7. Mangoes—Southern, hpr . $2. Mushrooms—Home-grown, lb.. sl. Onion—California, yellows. $2.76 05.60. Parsley—Dozen bunchei. 90c. Pea**—Fey. Ky. Tel., b 1.. $4.50. Potatoes—Michigan UO-lb. bag. $2.40: New North Carolina Cobbler*. $5775. Radishes—Mississippi, dozen. 40 0 00c. Rhubarb—Hothouse, dozen. 600. Spinach —Home-grown, bu.. sl. Tomatoes—Basket. sl. Turnips—Southern, baskets. 45c. MAY ARM FOR BANDITS Rikhoff and Kinney Hope to Get Paraphernalia Soon. Hopes of equipping Indianapolis police with paraphernalia to combat bandit gangs was held out today by Police Chief Herman Rikhoff and Inspector of Detectives Jerry Kinney. Bullet-proof wind shields for emergency cars, bullet-proof vests for police, and tear gas bombs for routing prisoners .from hiding places, are includeaiin department plans. m.

THE INDIANAPOLIS TIMES

Cattle Active With Heavy Run of Prime Fat Beeves. Hug Prices Day by Day _ June Bulk Top Receipts 23. 13.80 13.90 8.000 it. m ills m 20. 14.00 J 4.10 0.600 27. 14.35 14.36 4,000 29. 14.35 14.50 6.000 Hog prices ruled steady to 15c higher today at the Indianapolis Livestock Exchange. Receipts were estimated at 6,000 with holdovers from Saturday morning numbering 65 and th- market assumed a tone of activity. Heavy, medium and light hogs moved at $14.35 cwt.; light lights brought $13.50® 14.35 owt.; pigs were averaging $11.75® 13.5® cwt.; smooth sows sold at $12.50@13 cwt.; roughs were quoted at sl2® 12.60 cwt.; and stags were steady at slo® 12 cwt. Only the very best grades were sold at this figure and the general run of hogs moved at $14.35 cwt. A strong run of 1,600 good cattle made the market one of the most active seen recently. Best beeves sold over a range of $11®11.60 cwt., with heifers averaging $10.60@11 cwt. Common to good cows sold at [email protected] cwt. and canners and cutters sold at $2.50®4.50 cwt. UThe run cleared steadily and the bidding was active for the top material. Steadiness prevailed In the calf division of the stock exchange today. The top price of the run was $11.50, with the average bringing about $10.50®11.50 cwt. Receipts were estimated at 500, an average run, and' the pens cleared steadily. Sheep and lamb receipts numbered 200 on a steady market. Beqt lambs brought sls cwt. and sheep sold over a range of $3.50@6 cwt. There were no apparent features to the otherwise steady market. —Hog*— Liirht hoira 14 35 Liffht light* 13.50® 14.35 PIF ■•> 11.75 @ 18.50 Smooth sow* 12.50® 13 00 Rough sows 12.00® 12.50 Steg 10.00 @12.00 —Cattle— Good to choice fat *tera.. $11.60 Medium eteer* 8.50® 11.15 Good heifer* 10.50 Common to fair heifer* .... 6.00® 7.60 Prime fat cow* 6.00® 6.00 Medium cow* 8.50® 400 Conner* and cutter cows ... 1.000 3.50 —Calve*— Fancy veal Good veals 10.60 @11.50 Medium calve* 7.50 Common veals 3.60 —Sheep and Lamb*— Spring lambs, choice $16.00 Mediums 14.00® 16.00 Good to choice iheep 6.00® 6.00 Fair to medium 3.50® 6.00 Culls to common 1.00 @ 3AO Other Live Stock o.CRICAGO. June 29.—Cattle Receipt* 22.000; in-between grade* oi must killing classes predominating: choice fed steers, all weights, fully steady; spots higher: strictly choice weighty ateer*. $12.85: medium weight*. $12.75; kind* of vale to w?Il at 51*..50 and off. unevenly 25&40c off grassy cows and heifers showing decl|ne: vealers oOc lower, mostly f9.50 (<l 10.50. Sheep—Receipt!!. 17.000: market for fat lamhg fully 25c lower; spot 50c off; choice Idaho lambs. $10.50; some held hisrher; bulk desirable natives. slorti a o< y cull natives 60c lower at B Hogfr^—Receipt** 4 n o a : 000; market fairly active, steady to 10c off; top $13.75: bulk. $12.90013.70. heavyweights. $12.05 013.05: mediumjeiirntt $12.60 13.70: lightweights. sl2 40013 70: light light*. $l2O IS: packing sows, smooth. 111.65@12: packn'l. B sl2@l°3 U fs: ,Uail - 65; sl 4 u * ht * r PITTSBURGH. June 29—Cattle—Re loads: market, higher; choice. $114211.50; good. $10.26010.75- fair. $8 @9: veal calvea. sheep and lambs—Receipts, 10 double decker*; market. steady; prime wethers. $7.500 8; good. $6 5007: fair mixed. $5.50@0m0: lambs, $11011.50. Hogs—Receipt*. 20 double deckers; market, higher; prime hvy. $14.25014.35: medium*. $14.45® 14.00- heavy Yorkers, $14.45 014.50; light Yorker*. $13.75®14; pigs, $13.50® 13.75; roughs. $11011.25; stags. so@7. EAST 9T LOUIS. June 29—CattleReceipts. 10.000; market, steady to 25c lower; native steer*. $8 010; yearling heifers. $7.5009.50: cows. $508.25; canners and cutter*. $2.5003.76: calves. $10: Stockers and feeders. $5.5000.50. Hogs —Receipts. 8,000: market, s@loc up; heavies $18.75 013.90; medium*. $13.70 13.90; light . $13.40 @ 13.83; iignt Jffhts, $12.75 @13.75; packing sows. Dig*. $12013.50: bulk. $13.75 013.85. Sheep—Receipt*. 4 500: market, lambs 25c lower; ewes, $400.50: and cutters, $103; wooled iambs. $13.6 @10.70. I. P BUFFALO. June 29.—Cattle—higher: shipping er rades. $8.50 0 9.59: heifers. $5,500 2-25; cows. $2.5002.76: bulls, $2,250 0.50: feeders. $407; milk cow* and springers. S4O 0115. Calves—Receipts 2.o00; market, active and strong; cull to choice. $3.60 0 12. Sheep and lambs—Receipt*. 2.800: market. active, 20@76c higher- choice lamb* $10017; cull to fair. $10015.60; earlings. $9014.25: sheep. s4® 9. Hogs—Receipts. 8.000: market, active and higher: yorker*. $14,25 0 14.60 pigs. $14.25014.50- mixed. $14.40 @14.00: heavies. $14.40014.50: roughs, $12012.75: stag*. $7 09. CINCINNATI. June 29—Cattle—Receipts. 225: market. 5c lower; shipping steers, good to choice. $9.50 010. Calves —Market, steady: good to choice, $9 0 10. Hoga—Receipts. 2.600; market, higher; rood to choice packers and butchers, $14.50. Sheep—-Receipts. 1.000; market, steady: rood to choice. $4 @7. Lambs— Market. 50c lower; good to choice. $15.50 @ 10. CLEVELAND. June 29.—Hogs Receipts. 3 000: market 25@4<Jc higher: Yorkers. $14.40: mixed. $14.40: mediums, $14.50: pigs. $13.60; roughs, $11.50; stags. $7. —Receipts. 1.500: market steady, good to choi-e bulls, ss@7: good to choice steer*. $S®lO; good to choice heifers. $709: good to choice cows. $5 @0.50; fair to good cows. s4® 5; common cows. $2 @4- mllehers. S4O @IOO. Sl.een and lambs—Receipts. 2.000: market steady; top, $16.50. Calves—Receipts, 1.200; market steady; top. $12.50.

In the Sugar Market

(By Thomson A McKinnon) The now week In auger begin* with almost every item of new* unfavorable to higher prices. Raw* have sold at 2% cents, the low point In over. Jour year*. Beneficial rains are reported from beet growing sections In Europe as well as 111 the United States. Full duty sugars are pressing for sale, demand for refined has not come up to expectations and we are now assured of a crop of Cubans well above five million tons. Wholesale Meat Prices Beef—Native steer carcasses. 500 to 800 pounds. 19® 20c: steer fores under carcass. 4c: hinds over carcass. 6c: native heifers, 300 to 460 pounds. 19 0 20c; heifer hinds, over carcass. 6c: fores under carcase. 4c: cows. 400 to 700 pounds. 14 014.5 c: fores under carcass. 4c: hind* over carcass. 6c. Fresh mutton—Lambs, 20® 30c. sheep. 16c: mutton saddles. 26c: legs. 26c: tongues. 16c- fores. 10c. Fresh veals—Carcass. 70 to 100 pounds. 19e: 100 to 180 pounds, 18c: 130 to 16(i pounds. 17e: 100 to 200 pounds. 16.5chinds and saddles over carcass, 7c: fores under carcass. sc: legs. 44 sc; hearts. 18c: hrains. 15c: tongues. 22c: sweetbreads. 6Be: head and feet, per set. sl.lO. Fresh pork— Skinned hams. 8 to 11 pounds. 29c:'14 to 16 pounds. 29c: tails. 14c: dressed hogs. 140 to 100 pounds. 22® 25c. Pigs feet—Fores. 9e. LATE REPORT RECEIVED “X A Saturday Night Hold-Up Today Waa Reported to Police. Bether Koonse, 227 Hanaon Ave., said two colored men relieved him of $5 and a $25 watch at New York St. and the Canal. He gave no reason for tin delay In reporting.

QUAKES AGAIN TERRIFY WEST (Continued From Page 1) only part of its inside walla remaining standing. Bedrooms were ex"posed and furniture was scattered about the rooms. The San Marcos office building on State St., was totally destroyed. The high school building on Anapamu St. was completely wrecked. Orphaimge Hit 1 The county hospital, two miles from the city, was partially demolished. Several nurses were slightly hurt by falling debris but the patients were safely removed. St. Vincent’s orphanage was badly shaken, the walls were cracked and the roof slip partly off. Nurses removed 150 children to a hillside near by. The plant of the Southern California Edison Company was partly wrecked. The generators weer badly damaged and the city was without lights or power. Brick residences were destroyed, only frame structures standing the shocks with damage. x Brick chimneys or wooden buildings were toppled. Women Hysterical “The first trembler came suddenly at 6:45 and caused practically all of the damage," Hollister said. “There were sever Jolts every half hour afterwards for about three hours. "The city Is panic stricken. Women are hysterical and have gathered their more precious possessions and huddled on the lawns of their homes or fled to the hills. "When I left about 10 o’clock there was no wj*y of telling how many person shad been killed or Injured. "Confusion prevails and police and newly sworn deputies were having difficulty organizing relief. The quake was general throughout southern California, but apparently centered at Santa Barbara, where the damag? and loss of life was greatest. Leading hotels crumpled to pieces and business blocks were in ruins. The first tremble was felt over a large area at 6:45. At Santa Barbara and other cities tremblors shook the area at Intervals of twenty minutes. Another tremble, less violent shook Santa Barbara at 8:30 a. m., spreading further terror among inhabitants. Buildings were demolished at Montecito, millionaire resort, at Golita, Naples and other cities adjacent to Santa Barbara. The Southern Pacific station at Gollta was split in two and tracks for miles thrown out of line. Airplanes and special trains were hastily dispatched to the stricken area with relief when reports of the disaster first filtered through. Street Undermined Newspaper accounts of the more serious disturbances In the northwest added to the unrest of the populace. Heat records for June In Los Angeles have been broken the past few days and unofficial weather experts have spread alarm by cautioning public it was “ideal earthquake weather.” Many residents were reported heading for the desert spaces to the east to pitch camp until the hot speM had passed. Others left their homes and flocked to the public parks, believing they were safer there in event of further and more disasterous tremors. Adding to the city’s isolation huge landslides on the State highways out of Santa Barbara have blocked automobile traffic. Buildings were partially demolished at Gavlotar near Santa Barbara without loss of life. The railroad station at Golita, near Santa Barbara, collapsed and all wires leading into the town were down. At Naples, railroad tracks were out of line. Damage is Enormous. The Palace theater at Montecito, six miles south of Santa Barbara, was demolished. Streets were undermined and many smaller buildings were In ruins. The entire territory surrounding Santa Barbara suffered enormous property damage, according to railroad and traffic men who attempted to establish communication with the stricken area. “FAULTS” HELD CAUSE Montana Towns Again Terrorized by New Tremors. Bv United Press BUTTE. Mont., June 29. —Earth shocks which spread terror through five States Saturday night continued today with diminished intensity. Anew tremor was felt early today at Three Forks and Manhattan, little towns about fifty miles east of here. It was in the surrounding territory that the most violent quakes occurred Saturday, when the tremors extended into Wyoming, Idaho, Washington and Oregon. A shift in the main fault under the Rocy Mountains in the Big Belt, Mountain district, was probably the cause of the trouble, In the opinion of President C. N. Clapp of the University of Montana .Ind noted geologist. He said this region has been known to have ”faults”great cracks In earth. Much damage to buildings apparently occurred at WTilte Sulphur Springs and other points, but outstanding sufferers were the. railroads. / - SEARCH FOR RANGERS Tumbling Mountain May Be Death Chamber of Patrolers. Bv Times Special JACKSON, Wyo., June 29.—Official check was being made today to determine whether several missing forest rangers lost their lives when a second, huge landslide swept down off Chief Mountain, late Saturday night, dumping Innumerable tons of earth and stone Into the Gros Ventre River. The slide, occurred at the same tim earth tremors shook Idaho, .Montana, Waahington, Oregon and northwestern Wyoming. The Horsetail ranger station, nestling on a bluff, towering abovt the river, was by the avalanche.

Faces Shortage Charge

; 7 : 402"°— - 7

EDUCATORS TO CONSIDER BILL (Continued From Page 1) bia University, chairman of the educational commission of the association. this morning summoned all State and city superintendents, presidents of colleges, normals and other schools, and other leaders to meet with him at 3 p m. in the Lincoln to pass on a proposed bill, which will be in Congress by Sen ator Curtis of jCansas, according to Strayer. If approved. It will be put up to the official delegates Thursday morning. 1 Bill Differs The bill is different from former ones sponsored by the body in that it does not ask Federal aid for State education. < .“Federal control is bound to come sooner or later,” said Strayer. "Presi-, dent Coolidge, one of the wisest presidents we ever had and the most astute politician, has virtually promised his support. “There is a reaction Just now against Federal control, the same reaction there Is against support of Indiana University, or against the Child Labor amendment. But we will prevail." % About 8,000 persons attended the general session this morning in Cadie Tabernacle. William Lowe Bryan, president of Indiana University, one of the speakers, said it is a “calamity” the Bible can’t be useJ In the public schools. “The Bible is the greatest book of morals the humaji race possesses,” he said. ' Purdue Head Speaks President E- C. Elliott of Purdue University, another speaker of the morning, called attention to “the complex and well-nigh uncontrolled social life of students In our higher schools, the attractions and demands of those curious appendages to modern academic life—lnvasive and destructive alike to teacher anJ student—the growing consumptive Importance of athletics and the strategic influence of alumni,” which he characterized as "growing pains." "Somewhere, somehow, we must find anew way to Interpret the moral idea of the world to our college youth," Dr. Elliott said. "The chances of the American boy or girl to have advantages of collegiate, professional or technical training have been multiplied tenfold since 1900," said Dr. Elliott. The number of students has Increased from 150,000 to 600,000. Collegiate or professional graduates have become twice as numerous. "Political enemies may attempt to undermine, bigots may bluster, but the cold Indisputable fact remains that higher education, during the quarter century just passing, has become the driving force for the advance of both material and spiritual things,” he said. “As members of a great profession, it should be our solemn obllgatlo nnad responsibllty that the boys and girls now in our schools should leave them for th eschool of life possessed of that knowledge, that power to think straight and those ideals of citizenship which are essential to the preservation of democracy itself,” declared the opening speaker, Frank W. Ballou, superintendent of Bchools, Washington, D. C. The topic of the session was "Educational Progress is the first Quarter of the Twentieth Century.” Other speakers of the morning were: George D. Strayer, Columbia University, and J. M. Gwinn, superin tendent of schools, San Francisco, Cal. Department Meetings Afternoon activities were to be confined to meetings of departments and State delegations. The latter were to meet at 5 p. m. to elect one member to the crednetlals, resolutions and necrology committees, and nominate one member for the board of directors. Community singing and programs by the Technical High School band and Girls’ Glee Club were listed to preced addresses of welcome at Cadle -Tabernacie tonight by Superintendent of Indianapolis Schools E. U. GrafT and Dr. W. P. Dearing, head of the State Teachers’ Association, and response by Mrs. Mary C. C. Bradford, superintendent of public instructions, Denver, Colo. The session opened Sunday with vesper services on the steps of the Soldiers’ and Sailors’ Monument, presided over Robert J. Aley, presi-

Harry B. Smith •

dent of Butler University nnd expresident of the association. A large crowd attended the evening general session in Cadle Tabernacle. All Cadle Tabernacle meetings are open to the public, it was announced today. H.B. SMITH IS ALLEGED SHORT % " (Continued From Page 1) from the time the outfit disbanded until expiration of the lease. "No effort was made to cancel the lease,” the audit says. A claim for $536.30 for money advanced by Smith to the Dorsey Realty Company of Shelbyville for remodeling an armory, also is detailed. Anticipating a 1921 legislative appropriation to construct a SIOO,OOO armory at Indianapolis. Smith employed a local firm of architects to draw the plans. The legislature refused the proposal and Smith, following the session, paid the bill, which came to $2,981.61. This amount the examiners charged to Smith. The contemplated armory was to cost in excess of the legifT limit and therefore the exenditure was illegal, the examiners held. Other Charges Numerous charges for personal service payments, where the service actually was not performed, are alleged, including the following: Albert H. Whitcomb, realty fee, $400; Julia F. Zimmerman, copying war service records at Washington, D. C., $94 and $74, in the face of Washington records which show that the service was performed without cost; Clarence R. Greene and associates in the Greene Flower Shop, Indianapolis, $348.15 for copying records and other services: Viola Ball and Dolly Foley, clerks at the cigar stand* at the Hotel English, $198.88 for copying records, according to signed receipts, but actually for purchase of sundries: miscellaneous fraudulent claims, $216; James Cunningham, Franjtibrt, sll2 for surveying; Dolph Dellinger, Indianapolis, $149.60 for work at warehouse and recruiting; Roy McLain, SBO for llersonal service; Stanley Stokes, $25 for personal service; New Wrecking Company, $44.55 for overpayment on lumber; $107.75 to the Thornton-Levy Printing Company for printing campaign circulars which Smith charged to office printing; $279 for colored civilian cooks, claim for which should have been settled by the Government; $109.69 for firearms which have not been located; S4O charge for typewriter resale, SSO for automobile storage, $82.94 to M, G. Henley; $131.22 for canteen losses, which should have been borne privately; $48.43 for overdraft on State funds to pay for Government property, and a charge of $498.75 for blankets which Smith is said to have distributed to guardsmen free. Covered by Bonds A large part of the alleged State shortage will be covered by two bonds for SIO,OOO each which Smith' held, one as adjutant general and one as quartermaster general. In a resume of the audit the examiners said, "Transactions in the office bore all appearance of regularity, had not Information to the contrary been provided by outsiders. Our examination was delayed and hampered in every possible way by Smith, who used every means at bis command to mislead us as to the true facts regarding checks drawn to himself. Opportunity was given Smith to reconcile the transactions, but he refused.” Following receipt of the report, Smith declared he liad referred it to Martia Hugg, his attorney. "Other wise, I have nothing further to say until I have studied the report and conferred with my lawyer.” Copies of the report also went to Governor Jackson, Attorney General Gilliom, William H. Kershner, the present adjutant general and State Auditor Lew S. Bowman, who is a member* of the board of accounts. It is understood a copy will be banded to William H. Remy, Marlon County prosecutor. BURGLAR AWAKENS WOMAN Mrs. Albert Travis, 915 E. Fifteenth St., was awakened earl>J today by a burglar. A collector* satchel and $1 was taken.

HAMINSJURiM ISCOMPLpf (Continued From Page of them. About 1918. Ihe llS*t£Kgj3 Company began Welfare Loan Corn anion 1 ls% out. the United States. 104 stork was sold ill all of thfHHK|| per cent being taken by the company the which could be pm in jour pocket easily. "Os these 104. only were ever opened. Stork In many whirl) nevrr rprnr<l HHBhB doors or ilhi u dollar s worth ness. Only two of the ever made a penny, a total <>f HBHH $1,400. while the ;u ■i-umulat nf the others ran into thousands of dollars. The 1 Company carried all this stork at par value on its own and at one time Its hook* sh^B#77; this -dork that \vaWK v . worth a yent. iHHH Sales Pay Dividends "Until 1923. cash dividends tHH paid on these welfare storks sale of more stork An endless rIHH| was established Stork was pnt<HH| pay dividends, in order to sell nflH stock to pay dividends. W^HHj the Hawkins Mortgage finally got into bnnkrupto these chattel loan companies had a deficit of about $1,000,000. Worsa than that, the Hawkins Company took ‘hold out’ of ns much as 50 per cent of the money from stock selling In these companies, and this money never reached the welfars companies.” Elliott then safl the Government would show that the Rural Credits’ Association which had real asset* of about $900,000 the Co-operative League of America with assets of $1,700,000 and the United. Homs Builders with assets of about $1,600,* 000 were absorbed by the Haiwklns Company, stockholders being de* frauded Into exchanging their holdings In these concerns for worthless Hawkins stock. "Blind" Companies He also told of the formation of what he said were concerns created to defraud the public, the Cincinnati Bond and Investment Company of Cincinnati, Ohio, and Bankers Mortgage Company of Portland. The former concern he said was nothing but a blind to sell Hawkins stock, its “market letters" being prepared, addressed and etsmped at Portland and taken to Cincinnati for mailing. The company had an audit made of its book and when the audig did not suit the officers another firm 1 was employed whose audit showed | assets of about $10,000,000,” Elliott I said. When the crash came, Gov- L ernment auditors found the com- I pany bankrupt, he said, and the 1 public defrauded out of from 1 $4,000,000. Jacob C. Denny of Portland and the firm of La Follettet & Brill are representing Hawkins. Defense Statement Denny reviewed the history of the i Hawkins family and told of the or- I gnnleatlon of the Hawkins Company. 1 In order to get liberality, the corporation was formed under laws of the State of Delaware, he said. He pointed out that Hawkins had . lived in Portland all his life. Uniform system of accounts was furnished the thirty Welfare Loan organizations which were controlled by the Hawkins Mortgage Company, Denny said. Prosecution prevented the further operation and organization of ten additional companies which were incorporated. Profits Was Aim Denny said evidence presented would show Hawkins had no Idea except to make money for the stockholders and investors. The economic slump which followed the war Interfered with the plan of the company, and merging of additional firms became a burden which resulted in the company becoming bankrupt, Denny said. He stated Hawkins realized only a nominal salary. He cited the fact that Hawkins put every dollar he had in the scheme and,even invested money of his mother, Bister, and other members of his family, "as evidence of faith in the projeot." "The defendent was born an erratic excited person, easily stampeded,” Denny said explaining why HawkJns Jumped his bond. First Witness George L. Coffinberry, of' Columbus, Ohio, formerly controller of the Hawkjns Mortgage Company, was the first Government witness. He testified that the company marked up its assets on its books, and a sur-' plus was created by this means. He said the company spent more than it made, and the excess of expenditures over receipts grew larger as time went on. He was a star Government witness at the trial laet year. Opening of the trial marked the end of a long spectacular fight on the part of Hawkins to avoid trial in Federal Court here. Fourteen other officials and employes of the Hawkins Company and affiliated concerns were tried and covnlcted*TSere on the same charge last November. Twelve defendants appealed to the United States Circuit Court of Appeals, where their capes now are pending. Hawkins first evaded trial by jumping his bond of $7,500 and disappearing. Several months later he was arrested at Dayton, Ohio. He then launched a legal battle to avoid removal to Indiana. The case was carried to the United States Supreme Court, which refused to review the finding of the Circuit Court of Appeals at Cincinnati, Ohio, on a writ of habeas corpus, and Hawkins finally was brought to Indianapolis. Unable to raise a bond of $30,000 satisfactory to the court he has been in Jail here since May 27. M ERG ING IS SOLEMNIZED Grace M. E. Church Joins With Roberts Park. Merging of Grace M. E. Church wltMfioberta Park Methodist Church widAolemnlzed at services Sunday Park. Edwin Dunlavy, pastor, deof the congregations lid to an enlarged program. ■ ,Hes Potts Is the only surviving Bsr member of Grace Church.