Indianapolis Times, Volume 40, Number 52, Indianapolis, Marion County, 21 July 1928 — Page 13

JULY 21, 1928.

LIST CONTINUES UPTURN TODAY IN STOCK MART Trading Is of Smaller Proportions Than in Previous Session.

Average Stock Prices

Average of twenty industrials Thursday was 20a.73, up .37. Average of twenty rails was 136.13, up .27. Average of forty bonds was 96.22, up .07. Bn United Press 'NEW YORK, July 20.—Stocks again today continued their recovery started several days age Trading was even smaller than in the previous session and tickers were quiet for long periods of time so few were the transactions. Early dealings, however, were comparitively active following a brisk selling movement baaed on the unexpectedly small decrease in brokerage loans reported after the close of the market Thursday night for the week ended July 18. But offerings were soon absorbed and the upward movement was resumed under the leadership of U S. Steel and Montgomery Ward, the latter issue selling at a further record high above 166. The improvement in condition of the Federal Reserve Bank aided in the better feeling and partly offset the adverse infiunce of the brokerage loan statment. Money conditions also aided speculative confidence, call money renewing and lending at 5 per cent, throughout the session the lowest rate in more than a month., Changes in the main body of stocks were generally small and price movements narrow despite heavy buying of Steel common and other steel shared. However, substantial advances were scored by Eastman Kodak, Allied Chemical, American International and the airs plane shares, all of these issues selling at new highs on the movement Some investment buying was noted in Packard, Internationa 1 . Telephone and Telegraph and Chrysler, the latter issue moving up sharply. Speculative favorites like General Motors, Sears-Roebuck and Radio were practically motionless and quiet. Describing the market, the Wall Street Journal's financial review today said: “Buying that came in today’s market suggested that credit condition are being sufficiently corrected to permit resumption of the advance in selected issues. Transactions were extremely light falling to the lowest level seen since June 25, when the turnover was 1,096,000 shares. With the latter exception today’s dealings were the smallest since late October, 1926. From that time on, the market has never known a fivehour session in which the volume was less than 1,000,000 shares.”

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,421,000. Debits were $6,661,000. NEW YORK STATEMENT Bn United Press NEW YORK, July 20.—Bank clearings today were $989,000,000. Clearing house balance was $106,000,000. Federal reserve bank credit balance was $95,000,000. CHICAGO STATEMENT By United Press CHICAGO, July 20.—Bank clearings today were $10,000,000. Clearing house balance was $8,000,000. • TREASURY STATEMENT Bn United Press WASHINGTON. July 20.—The treasury net balance lor July 18, was $146,227,073.48. Customs receipts this month to July 18. FOREIGN EXCHANGE Bn United Press NEW YORK, July 20.—Foreign exchange closed steady: Demand sterling, $4.8527-32, off .00 1 1; francs. 3.91%; lira, 5.23%. off .OOV's; Belga. 13.92%; marks, 23.85%; Montreal, .99765625 c.

Indianapolis Stocks

—July 20— Bid. Ask. Amer Central Life 650 ... Belt R R & Yds com 68 % 70 Belt R R & S Yd pfd 59 Central Ind Power Cos pfd.... 98 10115 Circle Theater Cos com 102% ... Cities Service Cos com 65 ... Cities Service Cos pfd 100 Citizens Gas Cos com 56 57% Citizens Gas Cos pfd 101% 104 Commonwealth Loan Cos pfd..100% ... Equitable Securities Cos com Hook Drug Cos com 31 Indiana Hotel Cos com 125 Indiana Hotel Cos pfd ....... 100 Indiana Service Corp pfd .... 90 Indianapolis Gas Cos com 59% 64% Indpls & Northwestern pfd.>.. 12 Indpls P & L 6Vis pfd 104 105 Indpls P & L 7s 100 Indpls Pub Wcl Ln Assn .... 47% ... Indpls St Ry Cos pfd 31 34 Interstate P S C prior 1ien....106 108 Interstate P S C 6s pfd 93 99 Merchants Pu Util Cos pfd ...101 Metro Loan Cos 8s 100 105 North Ind Pub Serv Cos 65... 100 104 Northern Ind Pub S Cos 7s ...109 Progress Laundry Cos com ... 31 E. Ranh & Sonus Fert Cos pfd.so Real Silk Hos Cos pfd 79 Standard Oil of Indiana 74% ... T H I & E Trac Cos com 1 T H I & E Trac Cos pfd 12 T H Trac & Lt Cos pfd 93 Union Trac Cos com % Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com 80 Van Camp Pack Cos pfd 7% ... van Camp Prod Ist pfd .... 96 101 Van Camp Prod 2d pfd 90 97 •Ex-dividend. —Bonds— Belt R R & Stk Yrds 4s 89 Broad Ripple Trac Cos 5s 87% ... Central Ind Gas Cos 5s 99 Central Ind Power Cos 6s 103 Chi S B & N Ind 15 Citizens Gas Cos 5s 102 107 Citizens St R R 5s 84 87 Gary St Rv 5s 84 Home T & T of Ft. Wayne 65.. 103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 5 Ind Ry & Lt Cos 5s 98 ... Ind Service Corp 5s 94 Indpls Power and Lt Cos 55.... 99 102 Ind Union Trac Cos 5s Indpls Col & So Trac 6s 101 103 Indpls Gas Cos 5s 101 105 Indpls <fo Martins Trac Cos 55.. 27 Indpls North Trac Cos 5s 8% 13 Vi Indpls & Northw Trac Cos 55.. 31 Indpls St Ry 4s , 65 67 Indpls Trac & Term Cos 55... 94% 94% Indpls Union Ry 5s 100 Indpls Water Cos 5%s 102 105% Indpls Water Cos Ist 5s 96% ... Indpls Water Cos 4 Vis 96 101 Water Works Sec 5s 96 99% Interstate Pub S Cos 4’is 89 ... Interstate Pub S Cos 5s 96 Interstate Pub S Cos 6%s 101 N Ind Pub Ser 5s 99% ... T H I & E Trac Cos 5s 70 T H Tr & Lt 5s 93 Union Trac of Ind Cos 6s ..10 13 Liberty Bonds Liberty Loan. Ist 3Vis 99.90 100.10 Liberty Loan, Ist 4%S 100.68 100.88 Liberty Loan,. t4h 4%s 100.92 101.12 U S Treas.. 4%s 111.14 111.34 U S Treas.. 4s 106.14 106.34 TJ S Treas.. 3%s 103.90 104.10 U S Treas., 3%S 99.04 99 24 —Sales—--20 shares T H Trac and Lt pfd 91 Vi RAW SUGAR PRICES —July 20- . High. Low. Close. January 2.46 2.43 2.46 March 2.47 2.47 2.47 May 2.54 2.50 2.54 July 2.61 2.58 2.61 September 2.32 2.25 2.31 Decembe^^^^^^^^2 i 4^2 i 46

New York Stocks (By Thomson Sc McKinnon) ~ —

—July 20Railroads— Prev. High. Low. Close, close. Atchison 186% ... 186% 186% Atl Coast Line 167 Balt & Ohio ...105% 105 105 105 Canadian Pac.. 203 202>/ a 203 203 Chesa & Ohio.. 178% 178 178% 178% Chi St Alton ... 10% ... 10% 10 Chi & N West,.. 79% 78% 79%, 79% Chi Grt West.. 13% 13% 13% ' 13% C R I St P ....115 113'% 115 115% De* & Hudson..lß3% ... 183% 184 Del &r Lacka. ..132 ... 132 132% Erie 6:% ... 51% 52 Erie Ist pfd ... ... 52 Grt Nor pfd ... 96 95% 96 96 111 Central ... ... 139%. Lehigh Valley.. 99 ... 99 95 Kan City South. 48 ... 48 47 Lou & Nash 140 MK & T 35% 35 35% 35% Mo Pac pfd ... 113% ... 112% 114 N Y Central ...160% 160% 160 Vs 160% N Y C & St L.. 124% ... 124% 125 NY NH & H ... 54% ... 54% ... Nor Pacific 95 ... 95 95% Norfolk & West 175% ... 175% ... Pere Marquette. 128% ... 128% ... Pennsylvania... 64 63% 64 64 Reading 99 ... ?8% 99% Southern Ry... 144% 143% 144% 144 Southern Pac..118% 118% 118% 118% St Paul 35 34% 35 35 St Paul pfd 45% ... 45% 45% St L&S W.. 83% 81% 83% 82% St L & S F 111% 110% 111% 110% Texas & Pac ..170 ... 170 170 Union Pacific 192 ... 191% 192 West Maryland. 39 ... 38% 39% Wabash 70% ... 70% 71% Rubbers— Ajax 8% ... f% 8% Fisk 11% 11% ll' 7 * Goodrich 75% 73% 74% 73% Goodyear 47% ... 47% 47% Kelly-Spgfld.... 19% 19 19% 19% Lee . ... ... 19 United States.. 3i 30Vs 3i 30% Am Locomotive. 97% ... 97% 974 Am Steel Fd ... 53% 52% 53 52/ Am Brake S 41% 41% 41% 41% General Elec .. 148% 145% 146% 147% Gen Ry Signal.. 98% 97% 98,2 97 2 Lima Loco 49% ... 49/a 49 2 N Y Air Brake Pressed Stl Car .. ... Pullman 81% 81% 81% 81% Westingh Atrb.. .. ••• ”1“ Westingh Elec.. 92% 91% 92% 92% Steels— Bethlehem 56% 55% 55% 55 Colorado Fuel.., 64% ol 62% 62 4 Crucible 72 70% 71 70% Gulf States Steel 60% 60 60% ... Phil R C & 1.... 29 ..: 29 29 Rep Iron Sc Stl 55% 53 55 53% Otfs Steel 23% 22% 23% 23 U S Steel 139% 137% 139 137% A.llov 34 32 V 2 33 33 Younestwn Stl.. 87% 87 87% 86% Vanadium Corp 73% 71% 71% 71% Motors— Am Bosch Mag. 32 31% 31% 32% Chandler 15 ... 14% 14% Chrysler Corp.. 73% 72 72% 72% Conti Motors .. 11% 11% 11% }l% Dodge Bros 13% 13% 13% 13% Gabriel Snbbrs.. 19% ... 19% 19% Gardner 9% ... 8% 9 Gen Motors ....189% 186 187% 188% Hudson 82% 81 82 81% Hupp 55% 55% 57% 55% Jordan 10% ... 10% ... Mack Trucks .. 90 88% 89% 88% Martin-Parry ..19 18 19 ... Moon 7% ... 7 7 Nash 8314 81% 83 84 Packard 74% 72% 73% 84 Paige 33 32 32 >4 32% Reo 26 25% 25% 25% Studebaker Corp 68% 67 68 67% Stew Warner .. 68*4 67 68 88% Stromberg Carb 51 50% 51 50 Timken Bear ..120% ... 119% 120% Wlllvs-Overland. 20% 19% 20% 20% Yellow Coach... 32% 31% 31% 32 White Motor... 37 ... 36% 37 Mining— Am Smlt & Rfg.190% 189 190 188% Anaconda Cop.. 66% 66 66% 66% Calumet St Ariz 96 ... 96 96% Cerro de Pasco. 74% 73% 74% 74 Chile Copper .. 45% 44% 45 44% Greene Can Cop. 100*4 97% 100 98% Inspiration Cop 21% ... 21*4 21% Int Nickel 93% 90% 92 61*4 Kennecott Cop. 93% 91*4 93 Magma Cop .... 49% 49*4 49% 49% Miami Copper .. 19% ... 19% 20 Texas Guff Sul.. 67% ... 67% 67% U S Smelt 47% 46% 47*4 45% Oils— Atlantic Rfg ...143% 142 142% 143% Barnsdall 20% .. 20% ... Freeport-Texas . 67% 66% 66% 68 Indp Oil St Gas 24% ... 24% 24% Marland Oil .... 35 34% 34% 34% Mid-Cont Petrol 27% ... 27% 28% Lago Oil Sc Tr.. 31% ... 31 31 Pan-Am Pet B. 42 41% 42 42 PhilliDS Petrol.. 37*4 ... 37% 37% Pro St RUfifs .. 24% '24 24% 25% Union of Cal ... 80% ... '50% 51*4 Pure Oil 22% 22 22*4 22 F.oval Dutch ... 56% :.. 56 56% Shell 26*4 26 26% 26% Simms Petrol 20 Sinclair Oil ... 24% 24% 24% 25„ Skelly Ol! 29% Std Oil Cal .... 57% ... 57% 57% Std Oil N J .... 43% 43 43*4 43 Std Oil N Y .... 33% 33% 33% 33% Texas Corp .... 59% 59% 59 59*4 Transcontl 7% 7*4 7% 7% Richfield 46% 45% 46; 47 Adv Rumely .... 45 ... 45 44% Allis Chalmers .125% ... 124 125% Allied Chemical .175 170 175 171 Industrials— Armour A ..... 18% 18% 18% 18% Amer Can 85% 83% 84% 84% Am Hide Lea ... 10*4 ... 10% 10% Am H L pfd 43 Am Linseed ...112% 109 112% 109 Am Safety Raz 62% 60% 62 60% Am Ice 41 ... 40% 40% Am Wool ••• ••• 18V Curtis 105% 101% 103% 104 Ccca Cola 162 158 162 158% Conti Can 97 96 97 96% Certain teed ... 41% ... 41% 42 Congoleum 22% ... 22% 22% Davison Chern .. 54% 50% 52% 51% Du Pont 371 ... 371 371*4 Famous Players .129% 128% 128% 127% Gen Asphalt .... 71% 70% 71 71% Glidden 22 21% 21% 22% Gold Dust 88% 87% 38 87% Ifit Bus Mch ...119% ... 119% 119% Int Cm Eng .... 58% 57 58% 581a Int Paper 72 69% 70% 70% Int Harvester .269% 269 269 269 4 Lambert 106% 105 106% 105% Loews 52*4 51% 52 Vi 52 Kelvlnater 14 12% 13% 14*4 Montgom Ward .167% 162 166% 163% Natl C R 62% 61 61% 62 Pittsburgh Coal. 47% ... 47 48% Owens Bottle .. 77 ... 77 77% Radio Corp 169% 165% 168% 169 Real Silk 26% ... 26% 26% Rem Rand 29% ... 29% 29% Sears-Roebuck .117% 115% 116% 116% Union Carbide ..157 149 156% 150 U S Leather 47% 46% 47% 47% Unlv Pipe 19% ... 19% 19% it s Cs Xr Pine . ... ... 239 U S Indus Alco..lio 109*/ 109% 110% Wright 152 145 149 146% Woolworth Cos ..181 179 180% 180*4 Am“““'dT Tel.. 173% 173% 173% 173% Am Express 192 ... 191 195 Am Wat Wks... 56% 55% 56 56 Brklvn-Manh T .. ••• 03V2 Col G & E 107% 106% 107% 108 Consol Gas 144% 143% 144% 144% Elec Pow & Lt.. 34 ... 33% 33% Nor er A°m° Co.’.V. 69% '69 '69% 69% Nat Power .... 33% 32% 32% 32% Pub Svc N J... 53% ... 53 4 53 4 So Calif E 47 ... 47 47*4 Std Gas & El.. 63*4 63 % 63% 663% Utilities Power.. 38 37% 37% 37% West Union Te 1.142% ... 142*4 ... Am* 1 IntV^Corp.. 97 93% 95% 94 AU Gulf Sc W I 48% 48% 48% ... Int) Mer M pfd 36*4 36*4 36% 49 United Fruit ...137 ... 137 136 Am o Swrßfg..'.. 69% 68% 69% 69 Am Beet Sugar.. 17% 15*4 16% 15% Austin Nichols.. 5 ... 5 o Beechnut Pkg ... 72% ... 72% 73% California Pkg.. .. ... ■■■ ”9 /j Corn Products.. 70 69% 69% 70% Cuba Cane Su pl 9 18% 1* 19% Cuban Am Sug .. 18% ... 18% 18% Fleischmann Cos 68% 68 68% 68% Jewel Tea 102 ... 102 102 Kraft C 64% 63% 64% 63 Kroger 97 9614 96% 96% Natl Biscuit ....160% ... 160% 161 Nat Dairy 78% 77 78% 77 Postum Cos 64 63 6314 63% Ward Baking 8.. 19 ;.. 19 Am Sumatra ... 62% 61% 62*4 60% Am Tobacco ... ‘-8 Am Tob B 158 157% 158 157% Con Cigars.... 86*4 •... 86% 86*4 General Cigar , ... 62 Lorilard 26 24% 26 25 R J Reynolds. ...131% 130% 131*4 131 Tob Products B. .100 ... 99*4 100 United Cigar St 25 ... 24*4 -29% Schulte Ret Strs 55% 54% 55% 55%

Local Wagon Wheat

Local grain elevators are paying $1.28 for No. 1 red wheat and $1.15 for No. 2 hard wheat. Other grades are purchased on their merits. Other Livestock Bn United Press CLEVELAND. July 20.—Hoe—Receipts, I, market 10c down; top, $11.75; 250350 lbs.. $11.60011.75; 200-250 lbs., *II.BOO 11. 160-200 lbs.. *11.50011.75; 130-160 lbs.. $11011.75; 90-130 lbs., *10.50010.75; packing sows. $8.7509.25. Cattle—Receipts, 200. Calves—Receipts. 250; market steady to weak; beef steers. $11.25013; beef cows, *7.2509.25; low cutter and Cutter cows. $5.25 0 6.75: vealers. $14017. Sheep— Receipts. 250; maket steady: top fat lambs $15.25; bulk fat lambs, $14.50@15; bulk cull lambs, $11012.50; bulk fat ewes, $5 0 6.50. Bn United Press TOLED, July 12.—Hogs—Receipts, 200; market, 150 25c off; heavies, [email protected]; medium. $11.25011.50; yorkers, *ll.2S@ 11.35; good pigs, $9.75010.25. Cattle— Light; market slow. Calves—light; market strong. Sheep and Lambs—Light; market

MOST PORKERS DROP 20 CENTS AT STOCKYARDS Lambs Strong to 25 Cents Higher; Other Material Steady. 12. 10.00011.50 11.60 7,000 13 10.25® 11.65 11.75 7,000 14. 10.25® 11.50 11.50 8,000 16. 10.25011.60 11.65 5,000 17. [email protected] 11.60 7.000 18. [email protected] 11.85 5.500 19. 10.25011.60 11.60 7.000 20. 10.25® 11.40 11.40 7,500 Middleweight hogs were off 20 cents, while lights dropped 10 to 25 cents on the hundredweight at the Union Stockyards today. The top was down to $11.40 and material in the bulk weighing 170-300 pounds sold upward from $11.30. Receipts numbered 7,500 and there were 1,280 holdovers. Lambs were strong to 25 cents higher and other material was generally steady. The Chicago market opened slow around 10 to 15 cents lower than Thursday’s best prices. A few ioads of choice 250-280-pound weights sold at $11.15(3)11.30. There were about 21,000 received, All Hogs Decline Heavy meat animals weighing 250-350 pounds sold for $10.75® 11.30, dropping 25 to 30 cents, while middleweights, 200-250 -.bunds, were off evenly 20 cents at [email protected]. Lights, 160-200 pounds, dropped 20 cents on the top to $11.25 @11.40. and light lights weighing 130-160 pounds were priced at $10.25@11. down a quarter on the top. Pigs. 90-130 pounds, were 25 to 50 cents lower, selling at $8 @lO, • hile packing sows brought $9 @lO, off a quarter. Beef material was quoted a little lower in a steady cattle division supplied with 600 head. Steers were $14.50@ 15.50, and cows, sß@ 10.50. Low cutter and cutter cows sold for $5.25@7, and bulk stock and feeder steers went at $8 @l2. Lambs Strong, Higher Best vealers were priced at $13.50 @14.50, unchanged, and heavycalves brought $7 @ll, also steady. Receipts were fitimated at 700. Sheep were steady but Hmbs sold at strong to higher prices. The top was $14.75, up 25 cents, and bulk fat lambs advanced 50 cents on the low end of the range to sl4@ 14.50. Bulk cull lambs sold for $8.50 @ 10.50, unchanged. Bulk fat' ewes were’ $4.50 @6.50. Receipts numbered 900.

—Hogs— Receipts, 7,500; market, lower. 250-350 lbs 200-250 lbs 1J.30®11.40 160-200 lbs [email protected] 130-160 lbs. 10.25511.00 90-130 lbs 6 °[email protected] Packing sows 9.00® 10.00 -CattleReceipts, 600; market, steady. Beef steers ■ 213-50® 15.60 Beef cows S'SSSi^S'Sn Low cutters and cutter cows.. 5.25® 7.00 Bulk stock and feeder steers.. B.oo® 12.00 —Calves— Receipts, 700; market, steady. Best vealers Heavy calves 7.00® 11.00 —SheepReceipts, 900; market, steady to higher. Top fat lambs $14.75 Bulk fat lambs 14.00®14.50 Bulk cull lambs 8.50® 10.50 F&i ewes o.oo Other Livestock Bn United Press CHICAGO, July 20.—Hogs—Receipts, 21.000; market opened steady to 10c lower; late trade. 15 0 20c lower in comparison with Thursday's average; top, $11.45 paid for choice 185-210 lb. weights; butchers, medium to choice, 250-350 lbs., $10.25® 11.25; 200-250 lbs., $10.35011.45.; 160-200 lbs., $10.15011.45; 130-160 lbs., $9.60 011.25; packing sows. $9.25010.25; pigs, medium to choice, 90-130 lbs., $9.25010.35. Cattle —Receipts, 2,000; calves, receipts 1,000; market, most killing classes, weak on pedaling basis; shipper demand, narrow; indications firm on choice light yearlings; demand for weighty steers, unreliable; slaughter classes, steers, good and choice, 1300-1500 lbs., $14016.25; 1100-1300 lbs.. sl4 @16.60; 950-1100 lbs., $14.25016.75; common and medium, 50 lbs.. $8.75® 13.25; fed yearlings, good and choice, 750-950 lbs., $14.25(316.70; heifers, good and choice, 50 lbs. down, $14.75® 16.60; common and medium, $9014.75; cows, good and choice, $9.75012.50; common and medium, $7.50® 9.25; low cutter and cutter, $6®7.50; bulls, good and choice, beef, $9.40010.75; cutter to medium. $7.2509.35; vealers, milk fed, good and choice. [email protected]; mediums, $12013; cull and common, $8012; stocker and feeder steers, good and choice, all weights, $11.75013.50; common and medium. $9.25© 11.75. Sheep—Receipts, 7,000; active firm trade on all ovine classes; spread narrow on both rangers and narrows; however, quality fairly uniform; fresh feeding lambs practically absent; lambs, good and choice, 92 lbs. down. sl4 50® 15.85: medium. $13.25014.50; cul! and common. $10.25013.25: ewes, medium to choice. 150 lbs. down. $4.2507.15; cull and common, $1.7505.50; feeder lambs, good and choice, $13.25013.75. Bn United Press ..... „ FT. WAYNE, Ind., July 20.—Hog—Receipts, 350; market steady to 25c lower; 90-110 lbs.. $8.75; 110-130 lbs., $9.75; 130MO lbs.. $10; 140-150 lbs , $10.50; 150-160 lbs., $10.75; 160-170 lbs., $11.10; 170-200 lbs., $11.15; 200-250 lbs., $11.25; 250-300 lbs., $11.35; 300-350 lbs., $11; roughs, $8.50 09; stags. $6 0 6.50. Cattle—Receipts, 100; calves—Receipts. 75; market sls down. Sheep—Receipts, 200; market lambs, $14.50, down. Bn United Press CINCINNATI, July 20.— Hogs—Receipts. 3.900; holdovers, 1.948; market 25c down; 250-300 lbs.. $11011.65; 200-250 lbs., $11.25 @11.65; 160-200 lbs., $10.50011.65: 130160 lbs., $9.75011; 90-130 lbs., $8010; packing sows. $8.25 0 9.75. Cattle—Receipts, 250. Calves—Receipts, 300; market steady; beef steers. sll-14.50; light yearling steers and heifers, $11015; beef cows. $709.50: low cutter and cutter cows. $5.25 0 6.50; vealers. $11014; heavy calves. SIOO 13; bulk stocker and. for Stockers, $10.50011.50. Sheen—Receipts. 800; marke steady; top fat lambs. sls; bulk fat lambs, $12,500! 14.50; bulk cult lambs, $9011.50; bulk fat ewes, $4.50 0 6.50. Bii Times Special LOUISVILLE, July 20.—Hogs—Receipts. I. market 20c lower; best heavy and medium hogs. 180 lbs. up. $11.40; pigs and lights. 180 lbs. dpwn. $7.4009.90; stags and throwouts, $8.300 8.90. Cattle Receipts, 200; market steady: prime heavy steers. sl3<S>l4; heavy shipping steers. sl2 @l3: mediu mand plain steers, $10@12: fat heifers. SIOO 13.50; choice cows. $8.50 @10; medium to good cows, $6.5008.50: .cutters. $5.50 0 6.50: canners. $4.5005.50: bulls. [email protected]; feeedrs. $9011.25; stockers. [email protected]. Calves—Receipts, 200: market steady; good to choice. $10.50012.50medium to good. $8.50® 10.50: outs. $8.50 down. Sheep—Receipts, 2,000; market, lambs 50c lower; sheep steady; lambs. $13.50@14; few choice. $14.25; seconds, $8 0 8.50; sheep. S4O 6; bucks, s3® 3.50. Thursday's shipments: Cattle. 356; calves. 91; hogs. 756; sheep. 2.239. Bn United Press PITTSBURGH. July 20.—Hogs—Receipts, 500: market steady; 250-350 lbs., sllso® 12.10: 200-250 lbs.. $11.75 0 12.10; 160-200 lbs.. $11.25012.10: 130-160 lbs.. $10.75®12: 90-130 lbs.. $9.75011.25; packing sows. $9 @9.10. Cattle—Receipts. 50: calves, receipts. 25: market steady: beef steers. sl3 015.75; light yearling steers and heifers. $11.500 15; beef cows. sß® 11; low steers and cutter cows. s6®B; vealers. *!3@T6; heavy calves. SBOI3. Sheep—Receipts. 25; market steady to strong: top fat lambs, $15.25; bulk aft lambs. $13015; bulk culi lambs. s9®!3; bulk fat ewes. $505.50. Bit United Press EAST BUFFALO, July 20.—Hogs—Receipts. 1.600: holdovers. 794; market, steady; 250-350 lbs.. $ll<@11.90; 200-250 lbs., $11.85 0 12; 160-200 lbs., $11.60012: 130-160 lbs.. $11.25011.65; 90-130 lbs., sllO 11. packing sows. *909.26. Cattle—Receipts, 400; calves, receipts. 600; market, steady; market, weak: beef steers, *11.500 16.25; beef cows. *B@9: low cutter and cutter cows. *4.500 8.75; vealers. sls@ 16 50, Bheep-,Recelpts. 1,000; market. 25 0:50c up: bulk fat lambs. $15.50® 16; bulk cull lambs, $10013.50; bulk fat ewes, $6

THE INDIANAPOLIS TIMES

HEAVY EXPORT TRADE INDUCES WHEATOPTURN Large Transactions Bring Short Covering and Prices Rise. Bn United Press CHICAGO, July 20.—Heavy export trade which Induced short covering sent wheat sharply higher on the Board of Trade today. Corn was lower, while oats made irregular gains. Wheat closed 1% to l%c up; corn was off Va to IViC, and oats was % to l*4c higher. Provisions were about unchanged. Overnight exports were estimated at 2,000,000 to 3,000,000 bushels. Reports that further export purchases of Manitobas and durum were being made here caused considerable short covering early in the day. Liverpool was higher than expected. The cash market was % to lc higher with receipts at 63 cars. The early strength in wheat induced some short covering in cprn, particularly the September delivery. Crop reports continued bearish. Receipts were 23 Ocars with the cash market lc higher. Oats had a comparatively dull day. New oats were being offered freely from southern Illinois and Indiana. Crop reports were favorable. Receipts were 3 Ocars. The cash market was steady and unchanged. Chicago Grain Table —July 20— WHEAT— Pr6V. July.. 1.25% 1.26% 1.25% 1.26% 1.25 Sept.. 1.28% 1.29% 1.28% 1.29% 1.27% Dec... 1.32% 1.33 1.32% 1.32% 1.31% CORN— July.. 1.07& 1,08% 1.06% 1.07% 1.07% Sept.. .99% .99% .97% .97% .98% Dec.. .81% .82% .81 .81 .81% OATS— July.. .48% .49% .48% .48% .47% Sept., .40% .40% .40% .40% .40% Dec.. .43% .43% .43% .43% .43 LARD— July. 12.30 12.37 12.20 12.35 12.35 Sept. 12.42 12.47 12.37 12.47 12.50 Oct. 12.60 12.65 12.57 12.65 12.67 Dec.. 12 70 12.72 12.67 12.72 12.72 RIBS— July. .Nominal 14.20 14.20 RYE— July.. 1.04 1.05 1.03% 1.04 1.02% Sept.. 1.05 1.06 1.04% 1.05 1.03% Dec.. 1.07% 1.08% 1.06% 1.07% 1.04% Bn Times Special CHICAGO, July 20.—Carlots: Wheat, 36; corn, 273; oats, 28; rye, 0; barley, 1. Bn United Press TOLEDO, July 20.—Close: Wheat —No. 2, $1.4301.44. Corn—No. 2, $1.13%@1.13%: No. 3. $1.12*20,1.13%. Rye— No. 2, $1.20. Oats—No. 2,65067 c; Clover—Cash, 317.90; Oct., $18.90; Dec., $18.75; cash Imported, $14.25. Timothy—Cash. $2.35; Dec., $2.90. Alslke—Cash, $16.50; Aug., $17.50; Oct., $16.75; Butter—46o49c; Eggs—2Bo29c; Hay —51.35 hundred-weight. Bn United Press CHICAGO, July 20.—Cash grain: Wheat. $1 29*40,1.29%. Corn—No. 2 yellow. sl.oß® 1.10; No. 3, $1.0601.08%; No. 4, $1.05%® 1.07: No. 5, $1 03%@1.06; No. 6, $1.02%® 1.04; No. 2 mixed, $1.08%® 1.08%; No. 3, $1.060 1.06%; No. 4, $1.050.1.05%; No. 5. $1.0401.05: No. 2 white, $1.08%® 1.09%; No. 2, [email protected]%; No. 4, $1.06; No. 5, $1.03%®1.05; No. 6, $102%; sample grade, [email protected]. Oats—No. 2 white, 63 0 65c; No. 3, 530 65c; No. 4, 58%@64c. Barley—--70 0 95c. Timothy $22.50®25. Bn Times Special CHICAGO, July 20— Primary receipts— Wheat, 3,045,000 against 2,471,000; corn, 845.000 against 557.000; oats. 128,000 against 299,000. Shipments—Wheat, 1,654,000 against 353.000: corn. 692.000 against 725,000; oats, 126,000 against 362,000.

Cash Grain

—July 20— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41 %c New York rate, were: WHEAT—Steady: No. 2 red, $1.3701.42; No. 2 hard, $1.1701.22. CORN—Firm: No. 3 white, $1.04%@ 1.05%; No. 4 white, $1.03%@1.04% No. 3 yellow. $10301.04; No. 4 yellow. $1,020 1.03; No 3 mixed, 97%@99c: No. 4 mixed, 96097 c OATS—Easy: No. 2 white, 59 0 60c; No. 3 white, 57%@59c. HAY—Firm: No. 1 timothy, $15.50 0 16; No. timothy, [email protected]: No. 1 light clover mixed, $15015.50; No. 1 clover,sl7.soolß. —lnspections CORN—No. 2 white. 9 cars; No. 3 white, 5 cars; No. 4 white, 1 car; No. 5 white, 1 car; No. 6 white, 2 cars; sample white, 2 cars; No. 1 yellow, 1 car; No. 2 yellow, 12 cars; No. 3 yelotv, 3 cars; No. 4 yellow, 3 cars; No. 5 yellow, 1 car; No. 6 yellow, 7 cars; sample yellow, 2 cars; No. 2 mixed, 1 car; No. 3 mixed, 1 car; No. mixed. 1 car; sample mixed. 1 car.' Total, 53 cars. OATS—No. 4 white, 1 car. Total, 1 car.

In the Stock Market

(By Thomson & McKinnon) NEW YORK. July 20.—Now and then a problem is presented in the stock market which Is followed by considerable discussion. but the solution is always found In the market Itself, just as we have had recently the problem of moneyee and speculation, a problem that caused much concern, not only to those responsible for the general credit situation of the nation, but to the many thousands of men and women who were carrying a huge volume of stocks and bonds. The market has gone through a severe trial and the net result at the present time is a practical suspension of speculation and a reduction In the brokers’ loans of very close to four hundred million dollars. A part of the problem was how much of a reduction would be regarded as sufficient, but lt Is evident that the amount of the present reduction must be regarded favorable as we can already see a favorable change In the local money market. It Is proper to take note of the fact that even during the most trying moments of the recent money shortage, the public as a rule remained, very confident and was unwilling to make any great sacrifice, believing no doubt, that the matter would quickly right itself. We are not preparede to say that the correction has gone to a sufficient extent, time alone will determine this, but there can be no doubt but that the confidence Is having Its effect In a remarkable degree of stability that has bee nshown each day recently and one that will undoubtedly encourage even the more timid to maintain their position. TWO CRAZED BY FUMES Berne Men Overcome While Painting Tank Interior. Bn Times Special BERNE, Ind., July 21.—Herbert F. Sprunger and Wilson Bixler were crazed for several minutes when they were overcome by fumes while painting the inside of a concrete water tank at the home of Henry Neaderhauser. It is believed the fumes were those of methyl gas from the pain being used. While neither man lost consciousness nor collapsed, their minds became disordered and they can remember little of the experience. They were taken from the tank by Erwin Bauman and Harry sprunger, who were also working at the home. New York Liberty Bonds —July 20— Close. Prey. Close. 3%s 100 100 Ist 4%s ...100.31 3rd 4%s ..100 100 4th 4%s 101.12 101.1 Tr. 4%s 1952 111.12 111.8 Tr. 4$ 1984 106.12 106.8 :t- 3%s 104.12 104 mm m-m

Produce Markets

Butter (wholesale price) No. 1, 470 43c; No. 2. 45®46c lb. Butterfat (buying price)—4so46c lb. Cheese (wholesale selling prices, per poundi—American loaf, 34c; pimento loaf. 33c; Wisconsin fiat. 39c: prime cream. 250 27c; flat daisy. 26@27c; Longhorn. 260 27c: New York limberger 32c. Eggs—Buying prices; Fresh, delivered at Indianapolis, loss off, 25®26c doz. Poultry (buying prices)—Hens, 20@21c: Leghorn hens. 14015 c: 1928 spring large breed, 2 lbs. and up, 28c; 1%®1% lbs., 24025 c; Leghorns. 20021 c; old roosters, large, 11® 12c; small, 10c: ducks. 10c; geese, 8c; guineas, young, 50c; old, 35c. Bn United Press CHICAGO. July 20.— Poultry—Receipts, 2 cars; fowls, 23c; Leghorns, 19c; ducks, heavy, 17c; small, 15c; springs. 20c; geese. 16c; turkeys, 20c; roosters, 17c; broilers, 30c. Cheese—Twins, 23%c; young Americas. 25 *4 c. Potatoes—Arrivals, 88; on teack, 227; in transit, 1.293; Kansas and Missouri sacked Irish Cobblers, 65@75c; mostly 70c; market on barrels, slightly stronger; Virginia barrels, $2.100 2.20; best mostly. $2.20. Eggs —Receipts. 11,368; extras, 28%@ 29c; firsts. 27%® 28c; ordinaries, 26027 c; seconds, 230 25%c. ButterReceipts, 9,499; extras, 44c; extra firsts, 43@43'=c; firsts, 416@42c; seconds, 38® 41c; standards, 44c. NEW YORK, July 20.— Flour—Quiet and easy. Pork—Firmer; mess. $32.50. Lard— Quiet; midwest spot, $12.70012.80. Sugar —Raw. unsettled; spot 96 test, delivered duty paid. 4.0804.11 c: rened. quiet; granulated] 5.75®5.80c. Coffee—Rio No. 7 on spot, 16%®16%c; Santos No. 4. 23%®24c. Tallow—Quiet; special to extra, B@B%c. Hav—Dull; No. 1, $1.25; No. 3. 75c® $1; clover. [email protected]. Dressed Poultry-Dull; turkeys. 25® 47c; chickens. 26® 46c; broilers. 30@41c; fowls, 15®30c; ducks. 18 @l9c; Long Island. 23c. Live poultry Dull; geese. 10@12c: ducks. 15®24c; fowls. 20@26c: turkeys.. 200.25 c; roosters, 17® 18c: broilers. 220 42c. Cheese—Steady; state whole milk. 307/32c; young Americas, fresh. 26*4026*ic. Potatoes—Sweet. Jersey. basket. $104; Irish, southern. sl@2; Bermuda, s4@s. Butter—Firmer; receipts, 13.373; creamery extras. 45*/4c; special market. 45%046%c. Eggs—Firm; receipts, 16.481; ncarbv white fancy. 39@41c: nearbv State whites. 310 38c; fresh firsts, 28% @29%c; western whites. 31@33%c; Pacific coasts, 32® 39c; naerby browns, 30 Vi @3Bc.

In the Cotton Market

(By Thomson St McKinnon) NEW YORK, July 20.—The cotton market lost what might almost be called Its customary 25 or 30 points htis morning. Poor cables and the Government's piediction for unsettled conditions In western Texas were the depresing factors. We have nothing to say against the technical position of the market. It would be sound enough under ordinary conditions, but as prices still seem high In view of the crop Improvement, it hardly seems worth the risk involved in trying to take advantage of an advance based on an over-sola condition which would be quickly corrected on buvlng for short account. Rain would be beneficial in certain parts of Texas, bu* the crop can easily go another week before any considerable amount of cotton would be bought on dry weather. We feel that the market will work lower, subject to occasional rallies of a professional nature. NEW ORLEANS High. Lo\V. Close. January 20.30 20.15 20.17 March 20.15 20.15 20.15 May .. 20.23 20.13 20.04 July 20.56 20.43 20.45 October 20.52 20.28 20.29 December 20.42 20.22 20.23 NEW YORK High. Low. Close. January 20.80 20.62 20.65 March 20.71 20.56 20.56 May 20.60 20.46 20.46 July 20.97 20.66 20.70 October 21.10 20.87 20.90 December 20.90 20.71 20.71 CHICAGO High. Low. Close. January 20.32 20.22 20.22 March 20.37 20.25 20.25 July 20.80 20.60 20.60 October 20.65 20.36 20.36 Deecmber 20.57 20.25 20.25 New York Curb Market —July 20— Close. American Cos 68 Bancltaly 110% Galena Signal pfd (new) 80 Imp Oil of Canada 66 Ina Pete 38% Ohio Oil 62% Prairie OH and Gas 48 Prairie Pipe Line 207% S O Indiana 74% Vacuum Oil 75% Mountain Prod 22% Durant Motors Del 13% S E Power 49 Elec Bond and Share SB% Elec Investors 6 N E Power 25% National Leather 4% Serv El 13% Stutz Motor 16 Cities Service com 65 Cities Service pfd 99% Associated Gas' "A" 48 Phillips Morris Cons 4% Pantioec 13* 2 Gen Bkg A 74*4 Gen Bkg B 9% United Gas and Imp 132 United L and P “A” 25% Warner Bros B 45 Chicago Stocks —July 20Open. High. Low. Close. Acme 88 89 88 89 Armour Del pfd 93% Borg St Warner 87% 88 87 83 Decker St Cohn 30% Gossard 54 54 53% 53% Illinois Brick 40 Libby 10% Midwest Util ...145% M 5% I*sVi I*s*4 Monsanto 56 56% 56 56% Natl Std 42 Noblltt Sparks.. 30'i 30% 29% 29% Swift 131 Swift Inti .... 29 % 29% 29 29 Unit Corp 28% 29% 28'i 29% Yelow Cab 30% 30% 30% 30% Ont Mfg Cos 26*4 Std Dredging.. 35% 39% 35% 38% NEW KOR COFFEE RANGE High. Low. Close. Jan 15.75 15.75 15.75 March 15.74 15.65 15.74 May 15.62 15.62 15.62 July 15.58 15 58 15.53 Sept 15.65 15.60 15.65 Dee 15.85 15.85 15.85

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Board of Trade New York Cotton Exchange Chicago Stock Exchange New York Curb Association 300 Fletcher American Bank Bldg. Telephone LI ncoln 8391

What Indianapolis needs is MORE : * • , .. ■' . ■■' / ■ V '■ ' ■ ' A 4 ■ • AnliKno<it /o' \'" •' ;■ ■

JACK JOHNSON ADDRESSES 100 CARRIER BOYS Pugilist Tells Times Group to Guard Health in Talk on ‘Boxing/ John Arthur (Jack) Johnson, exchampion heavyweight pugilist of the world, appeared in a ten-round exhibition bout at Douglass Park, Thursday night before a large crowd. Jack, now 56, appeared much younger in his fast workout with Rough House Wilson of Kansas City. He spends most of his time now conducting a training school in Chicago. Johnson addressed 100 Indianapolis Times crariers at the Colored Y. M. C. A., at 10 this morning, speaking on “Boxing” and admonished the boys in the care of their bodies. Takes Milwaukee Post Miss Bernice Copeland, business and industrial secretary of the Phyllis Wheatly branch Y. W. C. A., has accepted a position in Milwaukee, as promotional director in a new building campaign. She has served the Indianapolis association four years. She is a graduate of Ohio State University, and is now .attending the business girls conference in West Virginia. She will spend two weeks with her parents at Winchester, Ind., on her return, and will begin her new duties Sept. 1. The Colored Orphans Home management was host to the Friend's Church and members of the State board of charities Thursday. Charles Reeves of the Ballard Ice Cream Company addressed the children. Union Outing Planned A ifiass meeting of the four Negro Methodist Episcopal churches of the city, will be held at 3 p. m. Sunday afternoon, July 22, with the Rev. E. A. White presiding. Tne Rev. J. C. Hayes, Barnes chapel; tne Rev. D. E. Skelton, Scotts qhapel;, the Rev. O. H. Banks, St. Paul Mission and J. A. Patton will appear on the program. A Union outing will be given by the four churches Friday, July 27, at Douglass Park. First Baptist Church, Fall Cieek Blvd. and Rader St., has closed its series of ten meetings. Communion services will be held Sunday morning. The Rev. F. F. Young will speak at the evening services. State Meeting Closer Ralph C. Smith, boys’ wotk secretary of the Y. M. C. A., will direct a program at 3:30 p. m., Sunday, July 22, at Allen Chapel A. M. E. Church. The Rev. W. D. Shannon is pastor. State deaconess conference ciosed at Allen Chapel A. M. E. Church Thursday. Mrs. Carrie Hill is piesident. Mrs. Lila M. Duerson has gone to Hyannisport, Mass., for the summer. Mrs. Ada Morris is spending several weeks in Chicago wPn her daughter, Mrs. Virgil Williams. Ohioians Guests Here Dr. and Mrs. Harry Lackey, Wilberforce, Ohio, are the guests of Mr. and Mrs. Clarence Burbridge. Mrs. Lillian Lemon is spending the summer in Philadelphia. She is president of the Cosmopolitan School of Music. Old Settlers Club will meet with Mrs. Mary Toles, 2002 Hillside Ave., Tuesday, July 24. Mrs. Ella Covington is president. The Orphans’ Home Band will give a special program at the K. of P. Hall, Senate Ave. and Walnut St., Sunday afternoon. Hemlock Kills Livestock Bn Times Special HARTFORD CITY, Ind., July 21. —Water hemlock eaten by three horses, a cow and a mule at the Fred Boan farm, caused death of the animals. County Agent W. E. Rawlings has warned all Blackford County farmers to inspect their land for the weed, which is deadly to all livestock.

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