Indianapolis Times, Volume 38, Number 43, Indianapolis, Marion County, 1 July 1926 — Page 13

JULY 1, 1926

PORKERS RULE 35 CENTS HIGHER

INDUSTRIAL AND RAIL ISSUES ARE MARKET LEADERS H Reinvestment of Loose Funds Is Buoyant Factor on Exchange.

Average Stock Prices

Average of twenty industrial stocks for Thursday was 153 04. up .43. Average of twenty rails. 114.70. UP -L>. Average of forty Donds, 95.15. off .93. July I.—Reinvest ment of July dividends and interest dibursements which totaled around $500,000,000, went ahead on an active scale in today’s market session, resulting in substantial advances in many first-class industrials and rails. Call money eased off to 4Vs per cent after renewing at 4% per cent, reflecting the passing of the slight strain incident to the semi-annual settlement, and this factor added to ‘Via bullish sentiment ruling in specgre quarters. ited States Steel and' General rs, the two recent leaders entered heavy profit taking by iuterests who had taken a long position in anticipation of the reinvestment demand. However, these offerings were absorbed in easy style and in the late afternoon steel rebounded to around the best levels of the movement while vigorous buying activities were prosecuted in various groups with oils in special favor owing to the impetus given gasoline consumption by the advent of hot weather. Reactionary tendencies were prevented from developing In the general list by the continuation of vigorous demonstrations in various groups around noon. Merchandising issues made an enthusiastic response to ■ the publication of Montgomery Ward’s June sales showing an increase of 15 per cent over June, 1925, the third consecutive month in which improvement was scored over the corresponding period ct the previous year. Montgomery-Ward spurted 1% to 72%, and Woolworth 2% to 167%. High grade rails maintained a decided buoyancy with L. & N. up at 135%- 1;

Banks and Exchange

—July 1— LOCAL CLEARINGS fiuMauapolis bank clearings, lor today amounted to $5,170.000. Debits. $8,383.FOREIGN EXCHANGE Hr United Press ,t-OKK, July I.—Foreign exchange ii wer. Demand sterling. $4.86%. “oft 00%: franca, >3.72c. off .(i.ia (new low record), lire. 3.59%e. off -01 H; Belgium. 2.75 %c. off .03; marks. 23.80 c. NEW YORK STATEMENT ' RW NEW (P YCmK SS July L—C'earings. sl.437,000,000; balances. $129,000,000.

Commission Row

Prices to Retailers Fruit* Apple*—Ben Davia. bbi.. S3@4: Wins eam box $2.600275 Beauties bo* $165 02.75: new apples Transporanta 40-pound basket $104: Early Harvest *2.2503. \ Bananas —BHe lb. Apricots California 'Ad-do und pox —California. Hat crt- $150: nony ert $2.75: standard crt.. s3.7r>: Jumbo crt.. $4.25 0 4.50: honey dew melons, crt.. $2.7503. Cherries —Caiitornia 16-lb. lug. $4 0 4.50: Indiana, half-bu. $1.50. Oranges-—California Valencia crt. $3 5C —Jamaica. $6 010 Gooseberries—lndiana. 24-qt. crt $2.60 Grapefruit—California, crt.. $3.00. Lemons —California, bo* SSO 5.25 Limes —100 $2.60 __ _ _ _ _. Pcacnes —Georgia, bu.. $303.50. Pineapples—CuDan. crt.. $4 0 4.50. Raspberries —Red. 24-pt. crt. SSO 5 - 5 S 0 $4 0 5.50 _ 2.so\ Ur^^ 2^? —Florida. 75 0 90c. Vegetables Asparagus—fl G- white doz. 600 60c: green, do*.. 9Ocosl _ Beam —H. G.. green, bu.. $1.73: Tennessee, bU. L $lO l-‘^6. Beds H. G.. doz. bunches. 50c. Cabbage—Tennessee, crt.. $1.2501.50; HG 100-pound bb!.. $3 0 3.25. Carrots—H- G.. doz. bunches, 50c. Cauliflower —H. G. crt.. $2.5002.75 crt 812015 Pom—Texas, bin. $2 0 3,20 Cucumbers—-H. fl.. do*. 75c@$l Pinn)lint”“P lonaa. doz.. 2>oNew Louisiana, lb.. 16 0 20c. —Fey. spring 60076 c bu. f —Western, head crt.. $3 03 50 ■T: leaf 15-pound basket. oOc. Wm .fanftoes—Louisiana, hmp., $2. P Mushrooms —Fancy lb.. 75c051. ' Onions —California yellow crate. $2.25: u q green, doz.. 30 0 35c. ‘Parsley—Fancv H G.. doz.. 75090 c p ea9 —H. G. telephone, hpm.. $2.70. Radishes —Mississippi. 30 0 35c doz.: B G. button, doz. 500 00c. Rhubarb —E G. doz bunches 250 4 °%pinach— H. G.. bbl.. $101.25. Sweet Potatoes —Nancy Hall hmp H G. 10-pound bskt. £1 .75 Turnips—H G.. bu.. $2.25 02.60 Potatoes —Idaho, per cwt., $5: Virginia cobblers; bbl.. $6@6 ; 23; triumphs. 100pound bag. $4.25 0 4.50. • f FINDS PIER -CROPPED City Engineer to Repair College Ave. Bridge, City Engineer George Schmidt today discovered that a pier of the College Ave. bridge over Fall Creek had dropped tWlve inches, throwing the railing and sidewalks across the structure slightly out of line. Schmidt said the defect is not serious and will b erepaired soon. The bridge was built in 1905 by Marion County. It is crossed by tracks of the College Ave. line of the Indianapolis Street Railway Company. PROPOSES DOG FEE Dr. Gonger Would Charge $1 for Adopted Pets. Another item to the bill of the .high cost of living was added today ■feth a proposed ordinance which abolish free dogs from the ■-'pound. a dog will be the fee from , adopting canines from the if the ordinance, proby Dr. Elizabeth Conger, irastpr, is adopted. The . 'kßk to bolster finances of the w-' '.&■ ! :yZ

New York Stocks (By Tbomsou 4k McKinnon

—July 1 — Railroad*— Prev. High. Low. 2:00. doee. Atchison . .137% 138 >4 138% 138% Atl Cat L. .223% 222% 223% 223% B& 0 95% 94% 94% 94% Canad Pac 163% 163% 163% 163% 0& 0 ... 140 % 138% 140% 138% C & NW... 74% 74% 74% 74 CRI AP. 55% 54% 5o 64% gel A Hud. . . ... ... 180 el A Lac. 143% 143% 143% 143% Erie 37% 37% 37 * 37% Erie Ist pfd 45% 42% 45% 4- % Gt North pf 73% ... 73% 74 , Lehigh Val 88 87% 88 87 K C South. 46% 45% 40% 46 LAN ... 135% 135 130% 134 M K A T. . 37 30 % 37 37 Mo Pac pfd 88% 87% -88% 88 NY Cent. .133% 131% Y 32% 131% NY NH A H 40 % 45 45 % 44 % North Pac. 73 ... 73 72% Nor AWn 156% ... 156 156% Pere Marq. 90% 95% 95% 95% Pennsy ... 63 % 52 % 53 % 62 % Reading . . 95 % ... 95 9o % 8 Railway 118% 117% 118., 117% So Pacific 104% ... 104% 104% St Paul ... 11% 11% 11% Jl% St Paul pfd 18% ... 18% 18% St L A S W 68 % St L A SF 97% 96% 97% 96% Un Pacific 155% .. . 104% 104% Wabash ... 47% 40% 47% 46% Wabash pfd 76% ... 70% 75% Rubbers— M 'iß% Jg igs Kelly Spgfld 14 13% 12'’* U S Rubber 59 % 58 % 08 % 58 Equipments— Am C and F 99% ... 99% 99 Amer Loco 105% iOS 105% Am Stl Fdy 42% ... 42% 43 Bald Loco 116% ... 110% U 6 Gen Elec.. 343 342% 343 341% Lima 62% ... 62% 62% N Y Airbk 42 % Pull man Car .179% 179 180 Steels— Bethlehem. 41% 41% 41% 41% Colo Fuel . 42% 42 42% 4~% Crucible . . 74 ... 73 % 74 % Gulf State 79% ... 78% 78% PRCAI 39% Ren Steel. . 53 % 53 % 53 % o3 % Sloss-Shef. 141% 141 141% 140 U S Steel 143% 142% 143 143% Union Alloy 30% ... 30 30% Vanadium ... ... ... 36% Motors— Am Bosch. 30% ... 35% 21% Chandler .... . . . , ... Sv 79 Chrysler . . 35 % 34 % 35 34 % Dodge 29% 28% 29 29 Fisher Bod 98 97 97% 98% Gen Motor 147% 146 147% 147 tS Hudson ... 52% I>l 51% 61 Hupp 22% 21% 22 22% Jordan .. . 30% 30\ 30 % 30 Mack ... 119 Vi 118 118 H 118*

WHEAT AND CORN SHARPLY HIGHER Oats Follow Lead —Go Up Fractionally. Bu United Press CHICAGO. Ju y I.—Wheat and corn rose to le - els sharply above Wednesday’s cloning figures on the Chicago Board of Trade this afternoon, while oats also registered fractional advances under their influence. July wheat closed at 134%, a gain of 2 % cents, while the other positions gained 2% and 2% cents. The bulge was caused by the sharply higher Liverpool cables, short covering in profit-taking, and the publication of the reports of the private crop experts. These latter were fairly well in line with expectations showing improved condition in the southwest, but somewhat lower estimates on northwestern spring grain. Cash prices kept pace with the futures and were higher for all classes of wheat, here and elsewhere. Four million bushels of corn were delivered on July contracts this rrtoming, but this fact was completely Ignored o nthe board, where corn borrowed Its strength from wheat and closed from % to IMiC higher In all positions. There was also considerable covering by shorts. Cash prices were steady, while crop news continued to be favorable. The close In the oats pit was uneven, July having lost an eighth, while the September and December deliveries gained % cents each. The fact that 3,000,000 bushels were delivered on July contracts had a tendency to weaken that position. There was some Indications of a broader outside interest in this grain today. Provisions closed higher largely on the strength of sls hogs despite the record delivery of 5,000,000 pounds of lard. Chicago Grain Table —July 1— WHEAT— Prev. Open. High. Low. Close, close. July 1.32% 1.35% 1.32% 1.34% 1.32., Sept 1.33% 1.35% 1.33% 1.35 1.32% Dec. 1.37% 1.38% 1.37/ 1.38% 1.30% CORN— July. .67% .69 .67% .08% .67 Sept. .74% .75% .74% .75% .74% Dec.. .77% 77% .76% .77% .70% OAT 9 July. .36% .37% .36% .3% .36% Sept. .38% .39% .38% .38% .38% Dec.. .41% .42% .41% .41% .41% LARD— July 16.17 16.35 10.17 16.30 16.10 RIBS— July 16.90 17.30 10.90 17.25 17.00 RYE— July. .90 .93% .90 .93 .89% Sept. .95% :97% .94% .97% .94% Dec.. .99 1.01% .99 1.01% .98% CHICAGO. July I.—Carlot receipts: wheat, 72. corn. 54: oats, 28; rye. 2. CHICAGO. July I.—Grain close: Wheat —July, up 2%c: September, up 2 %e: December. up 2%c. Corn—July, up l%e: September, up 1c: December, up %c. Oats —July, off %e: September, up. %c; December, up %e. Provisions—Higher. CHICAGO. July I.—Primary receipts: Wheat. J,588.000, against 902.000: corn. 387,000. against 300.000: oats. 210 000, against 389.000. Shipments: Wheat, 720.000 against 534.000: corn 301.000. against 392,000: oats. 291,000. against 960.000. CHICAGO. July I.—Cash grain: Wheat —No. 1 red. $1.38; No. 2. $1.38%: No. 1 hard. $1.41. Com—No. 1 yellow. 73c: No. 2. 71% @72%c: No. 3. 70@70%c: No 4. 68iff 1 69 %e: No. 5. 63@68e: No. 6. 65c: No. 2 mixed. 71 @ 72c: No. 4,68 c: No 5. 6C@050: No. 6. 61c: No. 2 white. 72 %@ 72 %'V No. 0, 62@63e. Oats—No. 2 white. 38%c. No. 3. 37©38c: No. 4. 35%®36%c. Barley—69® 71c. Timothy—s6(37. Clover—sl2® 28. TOLEDO, Ohio. July I.—Grain close: Wheat—No. 2. $1 40 @1.41. Corn—No. 2, 73® 74c. Rye—No 5. 98c. Oats—No. 2. 40® 41c. Barley—No. 2. 70c. Clover Imported, f 17.50: domestic. $22; October, $19.65: December. $17.55. Timothy Cash. $3.05. September, $4; October. $3.85. Alsike—August. $15.25. Butter—4o® 43c. Eggs—2o @ 28c. Hay—s3o.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. July I.—Slifrht advances in saw sugar have had a stimulating effect on futures, and now that the season of heaviest consumption has set in I look for continued improvement. Raw sugar has been selling below or barely at the cost of production, for so long that a sustained buying movement in this commodity as well as 111 refined should find futures especially sensitive. The recovery now appears to be definitely under way.

In the Cotton Market

(By Thomson A McKinnon) NEW YORK. July I;— As it stands today the crop promises about 15% millions, and if it holds that condition, cotton is 2 cent* too high. I do not think the plant ha the eta-lug that it bad last year and

Martin-Par ... ... 22 % Moon 24% ... 24% 24% Nash 55 f.4% 54% 55 Packard ... 42% 41% 42% 42 Pierpe Ar. 27 % 26 % 27 % 27 % gtudebaker 52% ... 52% 52% Stew-Warn. 74 ... 74 74 % Timken ... 52 % ... 62 % 63 % Willys-Over 32 V* 3i % 31% 31% White Mo. 58 ... 67% 67 % Mining— Am Smelt 131 130% 131 130% Anaconda.. 4*% 47% 47% 47 Cerro DP.... ... ... 05 % Inspiration. . , ... ... 23% Int Nickel. 36% 36% 36% 36% Kennecolt.. 54% 54% 54% 54% Tex GA S 145% 145 145% 145 U S Smelt 40% ... 40% 40Vi Oils— V Atl Rfg. 117% 117% 117% 118%. Cal Petrol. 33 % ... 33 % 33 VT Freeport T. 32% 32 32% 32 Gen Petrol 59 % ... 69 % 69 % Houston.... 00%' ... 60% 61 Ind Oil 24 ... 23 % 24 Marland Oil 61% 00% 60% 00% Mid C Pet. 31% ... 31% 31% P-Am Pet. 72 ... 72 72 P-A P (B) 73% 73 73% 73% Pacific Oil . . . ~. . ... 1 % Phillips P.. 47% 47% '47% 47% Union Oil.. 53% 52% 53 53 Pure Oil.. 27% ... 27% 27% Royal Dut 53 .... 63 52% Shell 25% Sinclair ..22% ... 22% 22% Skelly ... 35% 35% 35% 35% S Oil of C 60% 00% 60% 00 SOof N J 44% ... 44% 44% Tex Com.. 54% ... 54% 64% Tr Petrol.. 3% ... 3% 3% Industrials— A Rumely ... ... ... 12 Allis Chal. 87% 87 87% 86% Allied Ch 126% 123% 126 122% Arm (A).. 16% ... 15% 15% Amer Can 55% 54% 54% 64% Am Wool.. 23 % ... 23 % 23 % Cen Leath ... ... , .. . 9 % Coco Cola 158 157% 158 107% Cont Can. 78% 78% 78% 79 Ortainteed ... ... . • ■ 43% Davison Ch 42% 41 41% 41% Dupont . . 243% . . 242 24318 Fam Pla-v 117% 116% 116% 117 G Asphalt. 71 •% ... 70 % 71 In Comb En 54% ... 63% c 4 Int Paper. 53V* ... o3 <*3% Int Harr 122 May D St 118% Mont Ward 72% 71% 72% 71 Natl Lead ... 157% Owen Bot. 65 % ... 65 % J> % Radio 45% 44% 44% 44 Rem Type 107% Sears-Roe.. 52 % ... 52 % "2 * United Drg 158% ... , 158 157% USC I P 204 % 20i% 203 204 U S In A1 58% 58 58% 58% Woolworth 167% 160% 167% 165% Utilities— Am TA T 140% 140% 140% 140 tad'cT A M B 82% 'Si% "82 % 81% Cons Gas. 100% 99% T? £5.. N Am Go. 50% ... 60% 60% Pmp Gas 121 - Sto's A°fe.ss ‘64% '64% ,65 West Un 145 ... 145 145% Shipping— Am Int C 36% 36 36% 35% Am S A C 10 9% 10 9% Atl Gulf.. 45 43 43% 45 Int M M p . . ... ... 34 % United Frt 111 ... 11l 110% Foods— Am Sugar. .. ... ... 70% Am Bt Sug .. ... ... 23% Austin Nich 15 ... 15 1•> % Rch Nt Pkg 59 ... 69 59 Cal Pkg.. 140 ... 139% 140 Com Prod 45% ... 43% 40% Cu Am Sug . . ... , ... 24% Flei9chninr. 49 48% 49 48 Jewel Tea. ... ...., 33 Nat. Biscuit 95% ... 94% 94% Postum .. 95% ... ' 95 96% Ward Bk B 33% 32% 33 34 Tobaccos— Am Tob. 117% ... 117% 117% Am Tob B 116 4 .. 110% 'lO% Cons Cigars 65 64 65 OJ% Lorilarri 39% ... 39 39 % Tob Prod B 106% 105% 106 105% Un Cig .St 100% ... 99% 100 Schulte RS. 48% ... 48% 47%

1926 WHEAT YIELD LARGERTHANI92 Farrell Makes Estimate of 522,500,000 Bushels. Bn United Press TOPEKA, Kas., July I.—The total wheat yield for the United States from the 1926 crop was placed today at 522,500,000 bushels as compared to 393,500,000 bushels last year, by J. F. Jarrell head of the Department of Agriculture of the Santa Fe Railroad. Wheat yields of Kansas, Oklahoma and Nebraska were placed In the aggregate at 244,000,000 bushels as against 133,800,000 last year. , Missouri’s wheat crop was forecast at 15,000.000 bushels, a dcrease of 7,100,000 from 1925. “Wheat Is running from eighteen to thirty-five bushels to the acre in the main wheat districts. The quality Is exceptionally good. More than 100,000,000 bushels will be produced In thirty-five counties in the central, south central and southwestern counties of Kansas —anew record for that part of the State.”

Produce Markets

Eggs—Strictly fresh delivered at Indian apoiia. 240 25c. , __ Butter (wholesale price*) Creamery beet grade a pound. 410 43c: buying once or packing stock 21022 c. Poultry—Fowls. 22 0 23c: Leghorns, 21 022 c: old turkeys. 23024 c: ducka. 140 15c Cheese (wholesale buying nrieest—Wisconsin daisies. 24 0 25c Longhorns 240 27c Limburger 27c. CLEVELAND. Ohio, July I.—Butter Extra in tubs. 42 042 He: extra firsts. 40 0 41c: firsts. -38039 c: packing stock 28c up. Eggs—Extra. 31 He: extra firsts, 30Hc; firsts. 28 028 He: ordinary firats, 27He. Poultry—Heavy fowls. 280 29c. Leghorn fowls, 20027 c: Leghorn broilers. 30 0 32c: heavy broilers, 400 42c: ducks. 17018 c: young ducks, 30033 c; old ducks. 25 0 28. Potatoes —Virginia S6O 6.25 barrel: Carolina stave, $5.75 06; Michigan Chief, $4.75 05. NEW YORK, July I.—Flour, quiet unchanged. Pork —Dull; mess. 4.15 c. Lard —Firmer middlew west, $16.650 16.70. Sugar—Firmer; 96 test. 4.18 c; refined, 52>0®5.70e. Coffee—Rio No. 7. 19% 0 19He: Santos No. 4. 23 0 23He Tallow —Steady: specials to extras. BH@B%£Hay—Dull: No. 1. $1.45; No. 3. sl.oo© 1.25: clover. $1.0501.40. Dressed poultry—Quiet: turkeys. 300 64c. chickens, 19 0 48c; capons. 40056 c; fowls. 180 34e: Long Islands. 26c. Live poultry Steady' geese 13 015 c: ducks. 16 027 c. fowls, ’29 0 21c: turkeys. 25c. roosters. 18c: chickens, 18c; broilers, 28038 c. Cheese—Demand good: state milk, common to special. 27 0 28Hc: young Americas 22 @25 He. Butter —Easy receipts. 15,782: creamery extras, 41c: special arket, 41 H 0 42c. Eggs—Steady, receipts. 30.184: nearby white fancy 390 41c. nearby state white. 320 38c: fresh firsts 290.30 c: Pacific coast, first to extras. 32 @4l He: western whites, 30@34 He. Potatoes —Main. $4.5005; Louisiana, $lO 5.25. CHICAGO. Jul y 1, -Butter-Receipts. 10,293; creamery, 36 He; standards 39c. firsts. 35@36c: seconds. 33@34He. extra firsts 37 H 88c. W-Rewipt*. 16,109: ordinaries. ‘IBO 2b He. firsts. -7@ 27Hc Cheese—Twins. 19% @2oc: Americas '2lc. Poultry—Receipts. 8 cars: fowls. 26He: springs, 35c. ducks 22c; springs, 30c: geese, 19c: aprthgj. 21c, turkeys. 36c: roosters, 29 030 c: broilers. 17He Potatoes—Arrivals, 47 ears, ears ; on track. 12 North Carolina barrel Irish cobblers. [email protected]: southern sacked cobblers [email protected]. sacked triumphs. $3.0 @3.50. POSTOFFICE ROBBED Bu United Press BARABEE, Wis., July I—Robbers for the second time within three months, Wednesday night blew the vault in the postofflee here escaped with $30,00C in stamps. MARBLES FINALS FRIDAY BU United Press ATLANTIC CITY, N. J., July 1. —Dan Gore of Springfield. Mass., and Willis Harper of Bevier, Ky., will fight It out tomorrow in the I finals of the national marbles chain pVr-r-vtp totnnorrient. /

THE INDIANAPOLIS TIMES.

Top Price Placed at $15.25 —Bulk of Hogs Sold at $14.35@15. HOG PRICE RANGE June Bulk Top. Receipts. 26. 14.35 014.85 15.10 7.500 26. [email protected] 15.10 4.500 28. 14.25014.70 15 00 0 >OO 29. 14.10® 14.65 1490 9.000 36 14.10 @14.65 1490 7.000 J ll y ‘ 14.35015.00 15.25 6.500 The hog market ruled 35' cents higher in trading today at the Indianapolis Livestock Exchange. A heavy demand coupled with higher prices in the principal marketj were the causes for the upswing In quotations at the local market. Lightweight. material brought the top price of $15.25 and the bulk of the offering moved to the scales alt v i4.35@15. The receipts were estimated at 6,500 hogs and 431 were heldover frond the previous session and added to the total fresh offering. Hogs weighing 160-180 lbs., $15.25; 180-200 lbs., sls; 200-216 s„ $14.80; 210-225 lbs., $14.75; 2V.-250 lbs., $14.60; 250275 lbs., $14.45; 275-300 lbs., $14.20, and .300 lbs. and up $14.10. Hog Price Scale Trading was done over the following range of values: Heavy hogs sold at $14.10® 14.60; mediums cashed at [email protected]; lights commanded a price of sls® 15.25; light lights and pigs averaged $15.25; smooth., packing sows brought $J2.50 12.75; rough packing sows moved to the scales at $11.75® 12.25, and stags were [email protected]. The cattle market remained steady with a run of material estimated at l, bovinee. The demand for choice dry fed stuff was heavy and this grade of material brought top prices. Steers were priced at s7® 10.25; Jielfers, sß®lo, and cows, $6 m. Calves Are Active The calf market opened early with the bulk of the offering going to the scales at sl2 with a few fancy grades bringing as high as $12.50. Towards the close of the day the demand increased and the bulk of the, vealers went under the hammer at* $12.50. Receipts were estimated at. 900 calves and this factor aided In the slight upswing. The sheep and lamb market remained steady with a run of ovinea estimated at. 600. A good demand wis in evidence for choice lambs, but the price held steady at slo® 14, which was the same as quotations made at the close of the mid week session. Sheep were steady at $7 and down: yearlings slo® 12, and bucks [email protected].

—Ho*— Heavies isl 4 10® 14.60 Mediums . - 14 600 14 80 Lifrht hort 15.00® 15.23 L-g-ht lights 15.25 Pig-8 15 26 Smooth tows ". [email protected] Rough tows 11.75 @12.25 Stag* ... 11.0001250 —Calves—--Bood to choice fat steers..s 9.60 0 10.20 ommon to medium steers. . 8.500 9.25 Baby beef 9.60 010.00 Cor%mon to medium belters. B.oo® 9.00 CovuT 6.50 0 8 00 —Calves— Best veals $12.60 Bulk of sale* 12 [email protected] Common to medium 6.00 010.00 —Sheen sod Ismh*— Lambs slo.oo® 14.00 Yearlings -10.000 12.00 Bucks 3.00® 3.50 Sheep 7.00 down. Other Livestock CHICAGO. July I.—Cattle ——Receipts, 0,000: fed steers and yearlings 10® 15c higher; desirable hellers show upturn, trade active; top on yearlings. $10.65: mediumweights. $10.60: yearling heavies, $10.50 mixed .hellers. $lO 40: ahe-stock slow, steady: bulls stetdy to strong: bulk vealers. sH®ll.ls to the packers; sl2® 12.50 and better to outsiders. Sheep Receipts, 13.000 fat lambs active, steady to strong, early sales westerns, sls® 15.25, Oregons at the top: natives, $14.20 @14.o0; culls. $11011.oO: sheep steady ewes. bulk. [email protected]: two loads dryfeds on sale; late Wednesday western feeders. $14.50 arid better- Hogs—Receipts. 22.000: market 15# 25c higher, top. sls: bulk. $13.35014.40; heavyweights. $14.40 0 14.55: mediumweights, $14.15014.85 lightweights. $14015; light lights, sl4 100 15; packing sows. $11,40 0 12.oO: slaughter pigs up to slo. CLEVELAND. July I.—Hogs—Receipts, 2.000; market steady to Isc higher; Yorkers, $15.15 015.25: mixed. Slo.lo; medium, 14.75© 15.15; pigs. $lo.o0; roughs. $12.50: stags. SBSO. Cattle Reeeips. 300: market, slow, choice yearling steers. $0.50® 10.35 r good to choice butcher steers, $809: fair to choice butcher steers. $7 ®8; good to choice heifers. $8 @9.50; good to choice butcher bulls. s6® 8; good to choice cows. SoAO ® 6.o0; fair to good cows. $405.50: common cows, $3 @6. milchers and springers, s3s® 80. Sheep and lambs—Rceepta. 500; market, steadyr top, sls. Calves— Receipts, 500; market. 50c higher: top, $14.00. „ EAST ST. LOUIS. eceipts. 10.000: market 10@_loe higher: 250-300 pounds. $14.10® lLotl- -00-2.)0 pounds, $14.25014.80: 180-200 pountU. $14.40® 14.95; 130-160 pounds $14.60@ 14.95 : 90-130 pounds. $14.60 014.0.>: packing sows. sl2 @12.35. Cattle—-Re-ceipts. 3.000; market, best steers locJugber. medoum slow: top. $10.40. beef steers. $9 50010.40: light yearlings and hellers. $9@)10: beef cows. $.>.2i)@0.20: low cutters and cutter cows. 4Yo. vealers. $11.75: heavy calves. 5&.00<3. 8. bulk stock and feeder steers, $7.50*1 SfJ. IhV-ep—Receipts, 1.000; market steady: top fat lambs. $14.50; bulk fat. lambs, sl4. bulk cull lambs. $9; bulk fat ewes, July 1 .—Cattle—Receipts light: market, steady, choice. $10.25015.50; good. t?^nil'3° : 9heeD [email protected]. veal calves. 13. Sheep and lambs —Receipts. hjrht. steady: prime' wethers |T@I- 60 H Re<K*intß. 12 double er* prime heavy. 515.40® lo.SOj widlunil, SID oOfa 15 60; heavy Slo.oOftii lsleo. Ujrht Yorkers. SI 5.50 July 1-—Cattle-Re-ceipts. 650: market slow. w |g\ 0 ?2 ll 1 1^ p % flr le^st l^ steady to 25c iip: good to choice. slo@ 15 Te.i FDO July I.—'Hogs—Receipt*. life up; heavieg..sl^2s @ 14.50: mediums. sl4 i ‘ > @l4..> rora sav-YiSS and ,’amb —Market, slow-.

Local Wagon Wheat

Local grain elevators are paying $1.25 for NO. 2 red wheat. Other rrauea art purchased on llieir merits. M UST FINISH SCHOOL Township trustees must complete the erection of school buildings started by their prerecessors if all the preliminaries were legal, State Supreme Court today ruled in sustaining judgment of the Miami Circuit Court. The trustee of Efbin Township, Miami County, had abandoned construction of a grade and high school on which his predecessor had obtained the plans, bought the ’site and issued bonds. The appeal was taken in the name of Isaac vs. the State. - JAPS SEEK ARMS MEET B\> United, Press TOKIO. July I.—The press today announced the beginning of an im portant campaign for another Naval disarmament conference to be held either in Toklo or Washington.

He Rode on Death Six Months Bu United Press KANSAS CITY, July I.—Hatless, coatiesh, breathless, v W. H. Bailey, rushed into police station and shoved over two pasteboard boxes. “My God, take these,” and rushed out. Police found fifty dynamite caps ready for firing in the boxes. /A patrolman ran after Bailey for explanation. Said Bailey: “My son. who is 20 years old, and should know better, found the boxes on a highway six months ago. He put them under the rear seat of our auto and forgot about them. I found them today. To think that I have ridden on top of that stuff for six months —Whew!”

FRAME-UP BY POLICECHARGED (Continued From Page 1) is a terrible clamor tor them, he sends a carload to watch Keeney ail day Monday, June 14. It took three auto loads to go to Keeney’s house in Broad Rippel to notify him that the chief wanted to see him at headquarters the following night.” “The court knows what is going on in these departments of law enforcement and also knows that Keeney was working on things that' were close to the police. “The prosecutor knew what was going on and gave Keeney authority to go to Lockwood's place at 11 p. m. Monday night after come to him and told him he was being framed.” Judge Robert C. Baltzell gave the defense until Tuesday to file reply briefs to the arguments. He said it was a serious matter and that “it will take time to go into the case.” United States District Attorney Albert Ward gave the argument for the prosecution. Keeney and case will be formally arraigned before United States Commissioner Howard S. Young, in the | next few days on the bribery charges. Bosson and James Noel, other at torneys for Keeney, attacked the j story told oji the witness stand by j the Jordan woman that Keeney I brought money Casey gave him to her house in a white envelope, took the money from the envelope, count- j ed it and tossed the envelope on the davenport. She testified she picked it up. lighted a cigaret, placed th-> burnt match inside, sealed It, folded it twice and Bossed it into the wastebasket, and that It was later found by Chief Claude F. Johnson and Capt. Lewis Johnson. Charge Frame-Up The attorneys asserted that finding of envelope was a frame-up. “Why did Marie Jordan put the match in the envelope, fold It, and why did she go to the police station and tell the chief, and why did the chief and a leading captain go to her house and on the back porch rummage through a waste receptacle to find the enevelope, which Casey testified was smaller than the one he had given Keeney?” Bosson queried. Noel presented the court with the envelope and said “that much money can’t be put in it without splitting it or leaving some mark.” Ward, in his argument, said “he wanted to divorce these proceedings from any altercation between the police and the prosecutor’s office.” “Far be it from me to embroil this court in any such controversy,” he said^ Drank Beer Ward pointed out that Keeney associated with Lockwood and Casey and drank beer with them on the Sunday afternoon. “In the name of God has It come to the point when a law investigator will barter with arch criminals to bring In other poor little devils,” have some reform.” Ward declared Keeney was trying to “deceive Remy and ran to him with all the tales of frame-ups.” “In the first place, Keeney wouldn’t accept the money from Lockwood because he was afraid of police and in the second place he wouldn’t take it because no police were there.” Ward stated. He inferred to Keeney’s testimony that he saw a policeman In a car behind his when Lockwood offered him SIOO at noon Monday, June 14, and that at 11 p. m. the same day, when Remy sent men with him to Lock wood’s place he wouldn’t take it because no police were in sight. Landlady Witness The Government, when court, opened, placed Anna Fisher, Marie Jordan's landlady on the witness stand. She testified that Keeney came to the place Sunday, June 13, and talked to Marie Jordan. She said she left the building while Keeney was talking to the Jordan woman and saw Keeney’s car in front with a woman in it. Keeney then took the stand and denied ever seeing the woman. He said there was ho one In his car. Ward said a seirch is being made for a “young, blonde woman” said to have been with Keeney when Jhe went to the Jordan’s woman's apartment. Attorneeys far Casey entered a formal plea of guilty to the contempt charge and Keeney entered a plea of not guilty. WIDOW GETS LENIENCY Judgment was suspended today In municipal court in the case of Mrs. Anna Trauner, 763 Haugh St., who was fined'llOO and given a threemonths’ sentence on a liquor charge. She is a widow and has five children. BULGARIAN PLOT B.ARED Bu United Press VIENNA. July I.—Wholesale arrests were repor>ed from Bulgaria today. The Sofia police were reported to have discovered a plot against the government and U have seised two members of Parliament.

SENATOR FLAYS PRIMARY SCANDAL IN PENNSYLVANIA Worst Corruption in History of World, Says Neely— O’Connor ‘Kidded.’ Bu United Press WASHINGTON, July I.—The worst corruption in the history of the world has been revealed In the Pennsylvania primary campaign fund investigation. Senator Neely, Democrat, West Virginia, charged the Senate today. “There is nothing to be found In all the voluminous records of political weakness and wickedness of mankind to equal the admitted debauchery. the revealed infamies and the proved inqulty of the Republican primary election in Pennsylvania on May 18,” he said. City of Brotherly Love "On the eve of the opening of the sesqulcentennial In the City of Brotherly Love, to celebrate the 160th anniversary of Independence, a handful of politicians rich In money and utterly desfltute of love for the institutions of their country, made Philadelphia and Pittsburgh the political Sodam and Gomarrah of the modern world.” A general debate over the merits of direct primaries followed. In the meantime, while the audience laughed at his story, City Magistrate Francis X. O’Connor faced the Senate primary Investigating committee today and entered a blanket denial of testimony of other witnesses that tto had said before the Pennsylvania 'primary that the Vare organization was trying l fco buy him off for $150,000. O’Connor once appealed to Chairman Reed to protect him against the laughter of the crowd, and Reed ordered those In the room to be quiet. i Afraid of Press This came when O’Connor said he did not wish to remain in Washington to face three Philadelphia newspaper men who quoted him as saying the Vare organization made him several Inducements to quit his congressional race. He said he appeased agalnat orders of his physician, to deny his accusers’ statement. Charles W. Wood, national campaign manager for the Association Against the Prohibition Amendment, first witness, said the wets collected between $1,400 and $15,000 In Pennsylvania to finance their drive for a prohibition referendum In Montana. The committee plans to wind up its Inquiry here Saturday and adjourn to meet in Chicago in about three weeks to Investigate the Illinois primary-

INSURANCE MEN PLAN LEGISLATION Seek Law Requiring Standard for Agents. * With activities of the Indianapolis Association of Life Underwriters suspended until fall, new officers Installed Wednesday turned their attention today to the drafting of Insurance legislation to be presented the 1927 Legislature. A law creating a set of standards which agents must meet In order to obtain State licenses, outstanding bill to be presented, is the foremost objective of the new administration, according to officers. Mansur B. Oakes of Indianapolis was presented with a leather portfolio of 150 letters and tel( ms of tribute from the nation’s H Jg insurance executives, In recogn-tlon of his work In the educational field. Speakers Included Thomas S. Mo Murray, State insurance commissioner, Frank L. Jones, national president of the association, and Hugh D. Hart, New York manager of the Aetna Life Insurance Company. GIVEN TEN-DAY TERM Motorist Sentenced fog Driving Under Influence of LJquor. Frank Mundy, West Newton, re celved a ten-day sentence and $lO fine today in municipal court on a charge of driving under influence of liquor. He was fined $lO for drunk and $25 for driving without proper lights. State Policeman Charles Bridges testified Mundy’s auto was swaying from one side of the road to the other when he made the arrest. STORE MANAGER HELD He and Wife Accused of Robbing “Golden Rule.” Bu United Press LOGANSPORT,, Ind., July I. William Stainbank, 24, and his twen-ty-two years old wife were arrested here early today In connection with the robbery of the Golden rule department store Sunday night. * Stainbank had been employed as manager at the store. RUM RING ARRESTS Bu United Press CHICAGO, July 1. —Three alleged members of the vast alcohol ring in which 115 persons were indicted last winter in Cleveland, were arrested here today. i STORMS IN CHILE Bu United Press SANTIAGO. Chile, July I.—Heavy storms were In progress throughout Chile today. Many river and canals have overflowed and telephorie and train service was interrupted. FT. WAYNE TO BORROW The city of Ft. Wayne today petitioned the public service enmmfs sion for authority to borrow $78,000 from Its water plant depredation fund to finance improvements and extension* at the water plant.

One Way to Beat Jim Reed

I ■tL. I—™ > jhl

Jim Reed won’t have much Investigating to do in the Second Missouri Congressional district if Clarence Ragsdale, above. Democrat of .Moberly. Mo., is elected. He lias announced that he win raise his campaign funds by selling copies of Ills speech, “Our Freedom," for 10 cents each. Boys and girls will receive 2L4 cents for selling them, and If elected he promises to donate $2,500 to educational purposes In his district.

CHARGES HOLD-UP PAIR JOOKII4 Officer Near Scene of Reported Robbery. Charging that he had been held up and robbed at an alley entrance In the 2200 block E. Tenth St., WII--11am Nortman, 2310 E. Tenth St., called the emergency squad to the scene at 12:40 a. m. today. Lieut. George Winkler and squad found Patrolman John Roman eatin his lunch In an auto parked thirty set from where the hold-up is alleged to have taken place ten minutes before. Roman said he had been there thirty minutes, i Nortman charted that the two young tvhite men one of whom had a gun. robbed him of sl4. Roman said he had seen no one near the alley, and that if three men had even passed there he would have noticed them. Nortman was questioned, but maintained his story. He Is employed as a a mechanic by the Yellow Cab Company.

ITALY REPORTS SIX NEW QUAKES Three Vigorous, Observatory Announces. Bu United Press PADUA, Italy, July I—Six earthquakes, three of them markedly vigorous, were registered by the university observatory today. DEATH LIST Ts 117 Thousands Made Homeless tn Sumatra by Quake. Bu United Pre'ss SAMARA NO. Java, July I.—Thousands of persons on the Island of Sumatra were homeless today after the earthquake which wrenched the Island Tuesday, destroying two towns 'and causing many deaths. It was estimated that the death ■list will reach 117. Additional medical and military aid was being sent to the quake centers. The towns of Padang and Pandjang were among those destroyed. Railway and road traffic was interrupted. PANIC AT CRETE Tremor Terrorizes Island—Considerable Damage. Bu United Press ATHENS. July I.— A slight earthquake caused temporary panic on the Island of Crete yesterday. The tremor was felt at Candla, largest city on the island. Violent stormy weather today was reported from Salonica in northern Greece. There has been considerable property .damage but no casualties reported. AMERICAN LEGION DAY American Legion day will be the outstanding day of events at the Indiana State fair, It was decided at an executive meeting of the State board of agriculture today. Births Joseph and Cordelia Wilmer. 1646 Orand Lida Fischer. 1342 Blaine, Louin ind Martha Adams. St. Vincent Ejinor .snd Marie Blackburn. St. Vincent H °A?bm and Gladys Slirraund. St. Vincent Firman and Mary Knachel, St. Vincent H< John '*and Leona Elliott. St. Vincent HoeD Anderson and Mary Shackleford. 959 W Tw en ty * E i ifh th. George and Goldie Oohle 548 Moiria. Wilson and Oarrte Wiokliffe, 1825 N. Del award. Otha and Mary Simpson. 114 Geiaendorff. Wayne and May Robertson. 711 N. Alabama. Girls Charles and Queen Dehner. 713 £. La Gr tvafter and MUdred Duke. 2124 W. M 'pster n and Dedtfht Gartland. Bt. Vtnoent Hospital. _ _ „ Harry and Elsie Pauley. St. Vincent HosDil ßn-hard and Florence Power. St. Vincent Hospital. _ Rollie and Myrtle Corey. 477 S. Webster. Roy and Mary Yates. 910 Warren. Archie and Elma Mitchell, 1622 Comer. Robert and Ruth Matson. 1029 High. Deaths Mary Kate Tyner, 53. 1245 W. Ray, mitral Insufficiency. Augusta Werner. 82, 529 Wcghorat. cirrhosis of liver. _ , Archibald A. Young. 6688 Central, chronia myocarditis. Georre Curie Webb. 63. Methodist Hoepitel. cardnoroa. • Betty Ileen Payne 1. 1616 Rembrandt. lr < Mary"Julia Patrick. 70. 924 Parker, dlaMary Eleanor Madison. 65. 870 N. Gladstone. chronic myocarditis. Harry Gamble. 61. 208 E. Thlrty-See-cnd. tubereuloita Calvin Artia. 02. 905 Minerva, pulm°VrnonU 0. Lon. MM eareinoma -

PAGE 13

COMMISSIONERS HEAR PLEA OF STREETCAR MEN Two Former Employes State They Would Not Re-Sign Present Contraot. Two former employes of the Indianapolis Street Railway Com pan jwho had asked public aervlce oom mission to order* their reinstatement, refused today to return to the company's employ if compelled to abide by the terms of the preeent working agreement. , After Joseph Fort and Curtis Johnson, discharged railway employes, had appeared before the commission in support of their petition tor #lnstatenient and for the commission to Arbitrate labor differences, they were asked by Will H. Latta. railway attorney, if they were willing to abide by the contract if reinstated. Each answered that he would not sign “that" contract. On direct examination by their attorney. Frank P. Raker, the two declared that they never saw the present working contract when they were hired several years ago. They said they merely were told to sign a ruled paper when they received the jobs. Sixty-Four Dfarharged Sixty-four discharged employes of the eompany asked reinstatement, deriwtng they were discharged for affiliating with the Amalgamated Association of Electric and Street Railway Employes. Thelit petition Is an appeal to the commission from reinstatement denials of Robert I. Todd, president of the railway, and James P. Tretton, superintendent. Latta objected to the petition because it contained the names of only four respondents. Fort, Johnson and two others. The commission directed Baker to include the names of all appellants in an amended petition to be filed this afternoon, taitta declared only twenty-eight men had appealed to Todd. Ail Hear Pies The entire commission sat tn today’s rase. The Federal Court Friday will hear the company's plea for an order enjoining union men from Interfering with employee. Attomey General Arthur L. Gllllom was called into advise ths com.mission. All of the company's labor contracts since 1914 were produced by Todd, on request of Baker. Todd admitted to Baker that th* wage scale was raised during the war without authorization of the public service commission and similarly reduced when the post-war depression came. * Cltm Organizers Tretton testified that every employe, so far as he knew, saw ths contract when accepted for employ-. ment. v During the hearing Tjitta called attention to the presence of Robert R. Armstrong of St. Tsiuia and John Parker of Niagara. Falls, organizers of the new union. asked Johnson if he had not been fomenting n strike while doing organization work but Johnson replied that this followed his discharge. Latta then asked him if he wasn’t receiving his strike orders from these two organizers. Baker interrupted with the statement, “You needn't try to build up your United States Circuit Court case here.”

COUNCIL WOULD EMPLOYCOUNSEL Ask SI,BOO for Post Tabooed Early In Year. The $1,300 salary of “legal counsel" plays a prominent part in raising the budget estlinate for city council from $6,140 this year to $8,940 for 1927. The budget was filed today by Boyton J. Moore, council president. The sum of SI,OOO for "communication and transikirtation,” which was not Included this year, is asked for 1927. During early equabbles with Mayor Duvall’s administration, counoilmen sought to create the office of attorney for city council on a number of occasions, bus the pro posal was defeated. Charles J. Orbieon and former City Judge Delbert O. TVllmeth were mentioned for the poeitlon. TWO AIR MAIL BIDS Bu United Press WASHINGTON. July I.—Two bids were received by the Postoffloe Department today for private oper ation of an air route from Cleveland, Ohio, to Louisville, Ky.. via Akron, Dayton and Cincinnati. PRINCE A ROUSTABOUT Bu United Press HOLLYWOOD, Cal.. July I.—Mae Murray’s latest husband. David Divanl, 27-year-old “Princ*” of the Republic of Georgia, wae, until recently a roustabout in the oil fields, he admitted today.

We Pay 3%rChecking Accounts Hie J.F. WELD&Ca