Indianapolis Times, Volume 45, Number 58, Indianapolis, Marion County, 18 July 1933 — Page 13

TOLY IS, 1933

Exchange Authority Not Disturbed by Flight of Capital Talk: Says Shipments About Balance. BY RALPH HENDERSHOT

Ttmei Special Financial Writer One of the foremost authorities on foreign exchange In this country Is not at all disturbed by all of the talk recently of the flight of capital from the United States. He doubts very much that the funds being sent out exceed those coming in and thinks those who have been attempting to profit In one way or another in the foreign exchange market at the of the dollar will come out losers. In the opinion of this authority; who is an important banker, the dollar is the safest currency of any country in the world. Things looked rather bad, he admits, before March 4, when the new administration in Washington took over the reins, but with business improving, as it has

since then, and with the burden of debt having been eased for our institutions, corporations and individuals, he believes it is safer to keep funds here than anywhere else. It is true, of course, he said, that some money is being sent out of the country. Exporters, for instance, he pointed out, are converting the funds received for goods into foreign currencies in some instances. But at the same time foreigners and Americans who are abroad are playing the stock market in this country and are sending money here with which to do so. The currency thus received tends to offset that left in Europe, he claims. 808 Cotton Plan Approved The plan to plough under or otherwise destroy 10,000.000 acres of this year's cotton crop has been approved, according to Washington advices. The action is bound to exert an important influence on the price

Ralph Hendershot

of the commodity, but the advantage to be gained from the price improvement must be met by the taxpayers at large, for the government proposes to pay the farmers for the destruction of their crop. That looks very much like robbing Peter to pay Paul, and at the same time it is difficult to see how the destruction of property adds anything to tho wealth of the nation. But, of course, the action constitutes an emergency step, and the improvement in the status of the southern farmers is basicly an important economic development. And if the governm\nt decides to pay the cost by depreciating the currency, that probably is as good a way as any to distribute the wealth of the nation more evenly. a a a The New Business Code From all indications, the various industries throughout the country’ were properly impressed with the orders passed on from the government a week or so ago that unless thfy came through in a hurry with their codes of business practice a czar would be appointed. Washington advices state that the administrative offices are literally swamped with new codes. It is know’n that the people framing the steel code have been working far into the night for about a week to get in under the wire. It would seem almost an impossible task to hold public hearings on all of the proposals within any reasonable time, but perhaps the officials in the capital have other plans.

New York Stocks ““————— (By Abbott. Hoppin Cos.) ———————

—July 18oils— Prev. High. Low. 11 00 close. Amerada 40 39% 39% 39% All Rtg 31 30% 31 JO h Barnsdall ••• JO ‘ Consol Oil 14% 14% 14% J 4% Cont of Del 19 18 Houston 1 new 1 ' Houston (old 1 tV, Ohio Oil 18% 16% J B /* J?, 4 Pet Corp JL* JL" Phillips Pet ... }7 ]7 J 7 s % Pure Oil 11% H% u % 4 % Roval Dutch 52 * Shell Union ••• J(J J9-* Simms Pet 13 *i m soc'vac 011 7.V. is'4 'ls *15% 14% I O of N al J.'.' 46% '46% 40% 40% Texas Corn f® Tidewater Assn 10 e Un Oil of Cal 2i 22 '* Arn'ToV Mills.. 27% 27% 27% 27 Roth Strel 46’* 4#*'* 46*4 J.i Bvrrs A M. . . 39% 38% 38 * 38 4 Col Fuel & Iron lfta i?,* Inland Steel .. .. ••• 44 Ludlum Steel ... 19% 19 59 18 Natl Steel |3% 51b Rep Iron Jv Steel 22 22 B Rep Ir <fc Stl pfd 52 V S Smelt ■■ 74 b % 7 b Vanadium 32*11 32 J 2 S's'Pipe &Fdv. 21% '21% 21% 20% u S Steel 06 65% 65 a * Youngs SAt T 36 a 35,

Rails—au clt n Line::::: 2|;J c a * pdc :::::::: ao*i 20% 20% an cm &m w ::: f- i| CM& It P'pfd. 13% 13V. J3% 13 Chi N W 15 8 1S Chi R I 7cf. igi* Do.la & Hud ••• 22 * * 21% Grt Northern ... ... ••• Jf ijix* 111 Central 44 43’* 44 43^ lou I°Nash:;::; si' • 6■ • 67" M K & ‘ox* Mo Pac ■■(>"'* loiliis N°Y P ceiu sen 56% sen sen N Y Chi & S:_ L 22 . li N Y Chi & StL 28 i . N Y New Haven. ... -x- .//• fS,' N Y Out & Wes. 13•% 13-. 13 n Norfolk & West. ... ~,v ‘Si Penn HR 22x? Sou Pac 2?i“ q 2% Sou HR ........ 34'* 33% 34 / 3," Sou R R Pfd.... 46 45 2 46 45 Union Pac “2/ Wabash .in W Maryland is 8 13 Motor® — o t/ oa Auburn o-x qpx, Gen Motors 34 33*4 34 < Graham Motors 1 * ,7,® Hudson Macit Truck ' 43% 44 J 2 Packard :::::::: v* "j* 2 k Reo 5% 5*4 5 Studebnker 4i 2 nv Yellow Truck < 3 1 * MotorA cress— Bendix 21 20% 20% 20'* Bohn Alum 49* a 49*4 49 * 51 Rote Warner ... 19% 19 * 19' 20 Briggs 14*2 14 % 14% 14 Eaton Mfg 15% 15% 15% 15% Elec Auto Lite • 26% Houd Hershe.v 6% 6 < Mullins Mfg 10% 9% Murray Body .. 11% 11% 11% 11% Stew Warner IOSi 9% 10% 8-. Timken Rol 34% Mining— Alaska Jun ... ... ‘4% Am Smelt 41% 41% 41' 2 40% Anaconda 21% 21% 21% 21 Cal A: Hecla ... 8% B*. Cerro De Pasco.. 41% 41% 41% 40% Granby 14% 14% 14% 14% G: Nor Ore ... 15% 15% Homestake Min.. .. ... ... 254% Howe Sound ... ... 28 Ins Copper 8% 8% 8% 9 Int Nickel 19% Isl Creek Coal 31% 31 Kennecott Cop . 25% 24% 25% 21% Noranda Cop... 33 32% 33 32% Phelps Dodge ... 17% 16% Pitts Coal 22

Tobaccos — Am Snuff ... 47% 47 Am Bum Tob ... 20 Am Tobacco A 88 87’* 88 87 Vi ,-wn l'ooaco B 92% 92% 92% 92% CVn Cigar 42' J 42'2 Lice * Mvers B 94% 93% LorrlUard ... 24% 24% Reynolds Tob B 50% 49% 49% 49’* Equipments— Aills Chalmers.. 24% 24’* 24^* 24% Am Car A: Fdv ... 38% 38% Am Loco ... ... 35 Am Mach * Fdv 21% 21% 21% 20% Am Steel Fdv..'. 25 24% 25 24% Bald Loco 17% 17 17 16% Burrouchs 20% 20 20% 19% Case J I 100 3 * 99% Caler Tract ... ... 27% 27% Colcnt Palm Peet 20% 19% 20% 19% Concoleum .... 27% 24% 25% 23% Elec Stor Bat .. 52% 52 52% 51% Foster Wheeler 21% 21% Gen Am Tk Car 42% 42% Gen Elec. . . 30 29% 30 29% Gen R R Sic. ... 46% IncsoT Rand ... 75 73% 75 73% Xnt Bus Mach.. .. ... 151% 151 Int Harvester... 45% 45% 45% 4<% K-’lvinator .. 14% Natl Cash Res.. 20% 20% 20% 21% Proc Ar Gamble. 47 46% 47 46% Pullman Inc 54% 54% 54% 54% Simmons Bed ... 28% 28% 28% 27% Und Elliot 38% West Air B ... ... 33 V, West inch Elec .. 58% 57% 57% 57% Worthington Pmp .. ... 37 371, Utilities— Am k For Pwr. 18% 18% 18% 18% Am P & Lt.... 19% 18% 19% 18% AT&T 132% 132 132 131% Am Wat Wks... 41 40% 41 40% Brook Un Gas 85 Cos! Gas k Elec. 27% 26% 27% 26% Com A: Sou 4% 4% Consol Gas ... 62% 61% Elec P At Lt 14% 14% 14% 14% E P k L pfd 26 % Int T A: T ... 21% 20% 20% 20’s Lou GAEA.... ... 23% 23% Nat P Ar It 20; 20 20 19% North Amer ... 35% 34% 35% 35% Pac O k E 31% 30% Pub Serv N J 53% So Cal Edison.. .. ... 36% 25% Std Gaa 31 20% S*d Gas pfd ... ... 211, United Corp .. 14 13% 13% 13% Un Gaa Imp ... 24 33% 24 23% Ut Par * Lt ’A' 7% 7% 7% 7% Western Union .77 76% 76% 75% Rubber*— Firestone 31% 30% 31% 30 Goodrich 31% 21% 21% 20% Goodyear 46% 46% 46% 45% U 8 Rubhor .... 24% 2.3% 24% 32% U 8 Rub pfd. . 42% 42% 42% 41 Kel Bprln* 6 ss* 5% Amusements— Croslev Rattle ..... / . 12 4* a ji

Wall Street

Radio Corp 11% 11% 11% 11 . RKO 4% 4% Warner Bros ... 8% 8* a 8% 8% I food*— j Am Sugar 70 69'4 ! Armour A’ 6% 6% 6% 6% | Beatrice Cream 26 26 Borden Prod .... 36% 36% 36% 36 Cal Packing 33% 34% Can Drv G Ale 29‘a Coca Cola .. 103 % Cont Bak ‘A' 16% 16% Corn Prod 84% 83*4 Crm ol Wheat 37% 37 Gen Foods 39% 38% Gold Dust 27% 27 27 26 G W Sugar 39 38% 38% 38% Hershey 63% Int Salt 26% 27 Loose Wiles 42 41 % 41 2 41 *4 Natl Biscuit 57% 56* 2 Natl D Prod ... 25% 24% Pet Milk 14 Purity Bak 24% 24% 24% 24% S Porto Rico S 46 Std Brands .... 36% 36% 36% 34% United Fruit .. ... 64% Wrigley 52 Retail Stores— Ass Dry Goods 18% 19% Best St Cos 31% 30% Gimbel Bros 6% 6% Gr Un Tea ... 9% Hahn Dept Sts 8% 8 Jewel Tea 43 Kresge S S 16% 16 Kroger Groc 32% 32 32 33% Macv R H 63% Maj' Dept St 31% 30% Mont Ward 28% 28% 28% 28 Penny J C 47% 47% 47% 44*4 Safeway St 61% 61% Sears Roebuck.. 46% 46 46 45% Woolworth 49 48% 48% 49 Aviation— Aviation Corp .. 15% 15% 15% 15% Douglass Air 17% 17% 17% 17* 2 Curtiss Wright.. .. 4*: Curtiss Wr (At 7% 71^ Nor Am Aviation .. ... 8% United Aircraft.. 46 45% 45% 45%

Chemicals— Air Reduction ... 101% Allied Chcm. .133 132% 132% 130 Am Com Alcohol 89% 82% 83% 85% C’ol Carbon 69% 69% 69% 68% Com Solvents 57 55% 55% 531, Dupont 85 84% 84% 83% Freeport Texas 40 Liquid Carb 50 49% 49% 48% Math Alkail .... 38'2 38 38 38 ?r ex Gulf Sulph.. 34% 34% 34% 33% H m on Carbide.. 51% 51% 51% 49 U S Indus Aico 93 91% 92% 91% Nat Distil 123% 121% 121% 122% Drugs— Cotv Inc 7 6% 6% 6% ESmbm 54 * . 537 * 54 ' 2 4 5 0 4 Lehn <% Fink... 22 2i% *22 21 av Zonite Prod ... 8% 8% 8% 7% Financial— 8 ‘ 4 Adams Exp .... 12% 12% 12% 12% Alleghany Corn.. . 7, Chesa Corp 50 49% '56 48 Transamerica a% sai Tr Conti Corn.. .. :.. g 7'% Building— Am Radiator.... 18% 18% 18% 18 Gen Asphalt ... 26% 25% 26% 24 Int Cement . 395, Johns Manville 60V. 59% 59% 59 Libby Owens Gls 37% 35% 37% 34 Otis Elev 25% 25V. 25% 24% Ulen Const 5 5 Miscellaneous— Am Bank Note 28 28 Am Can 95% 94% 94% 93% Anchor Cap. .. 39% 37% 38 35% Brklvn Man Tr 40% 40% 40% 39% Conti Can 64 63% Eastman Kodak ... 87% 86% Owens Bottle.. 96% 96% 96% 95 Gillette 17% 16% Glidden 19% 19% 19% 18% Gotham Silk ... 17 16% Indus Rayon ... 81 79% 79% 78% Inter Rapid Tr 9% 9% 9%% 9% Real Silk Hose.. 16% 16% 16% 16% New York Bank Stocks (Bv Abbott. Hoppin & Cos.) —July 17Bid. Ask. Bankers 68% 69% Central Hanover 145 147 Chase National 34% 34% Chemical 41% 41% National Citv 38% 39% Corn Exchange 61 62 Continental 16% 17% First. National 1.505 1.520 Guaranty 333 335 Irving 22% 22% Manhatten A- Cos 32% 33% Manufacturers 20% 20% New York Trust 98% 99%

Investment Trust Shares

(Bv Abbctt.. Hoppin & Cos.) —July 17Bid Ask American Bank Stocks Corp. .. 1.28 1.42 American & Gen Sec. "A" .... 5.50 6.50 Basic Industry Shares 3.72 .... British Type Inv. Tr.. Sh 85 .95 Collateral Trustee Shares A".. 5.37 5.75 Corporate Trust Shares (old > .. 2.44 Corporate Trust Shnres(new) .. 2.64 2.77 Cumulative Trust Shares .... 4.58 .. . Diversified Trust Shares "A".. 6.50 Diversified Trust Shares 'B'.. 9.25 9.15 Diversified Trust Shares “C’’.. 3.60 3 67 Diversified Trust Shares "D". . 5.87 6.12 First Insurance Stock Corp. .. 1.59 1.87 First Common Stock Corn .... 1.22 1.34 Fixed Trust Oil Shares "A”.. 9.62 .... Fixed Trust Oil Shares "E" . 4.25 .... Fundamental Trust Shares “A" 4.75 .... Fundamental Trust Shares 'B" 4.62 ... Low Priced Shares 7.25 ... Mass. Inv. Trusi Shares 20.3 R 22.14 Nation Wide Securities 3.98 .... North Am. Trust Shares < 19531 2.00 North Am. Trust Shares 155-56/ 2 76 3.00 Selected American Shares .... 3.04 Selected CumuiaMve Shares . 7 68 7.78 Selected Income Shares 4.09 4.19 Std. Amer Trust Shares 3.45 3.50 Super Am. Trust Shares ‘ A".. 3.34 Trust Shares of America .... 3.35 3.41 Trustee Std. Oil "A” 5.60 5.75 Trustee Std Oil ‘'B' 5.10 5.25 U S. Elec. Light & P. "A".. .16.75 Universal Trust Shares 3.40 3.50

CHICAGO FRUIT MARKET By United Pi cks CHICAGO. July 18.—Fruit quotations: Apples—lllinois Transparents ana Dutchess bushel. 90c%'$I. Raspberries—Michigan Reds, *1.25% 150: Blacks. *1x1.25. Cherries—Michigan sour. $1; sweet. $1.25 i 1.50. Blueberries Michigan. $2% 2.50. Lettuce -Western. *3.50 S 3.75. Gooseberries—Michigan, $2 <x 2.25. Cucumbers- Illinois. 75c% sl. Cabbage—lllinois. $1771.25. String Beans—-Illinois and Michigan. $1.25 • r 1.50. Celerv—Michigan. 50c4/ 65c. Carrots—lllinois. 2'% 3c: Western. 3-/3%c. Tomatoes Illinois lugs. $1 xx 1.25 flats. 75c &'*l - Cantehrmps- Indiana. 6507*1.25. Onion Market California Crystals white waxed, bushel. *2.10% 2.25; Yellows. bixShe!. $1 'X 1.25. lowa Yellows, bushel, 90e )f *l. Margaret M Fenton. 69. 835 Grove, coronary thrombosis. NEW YORK RAW SUGAR FUTURES —July 17— . High Low Close January 1 69 1.67 1.68 March 1.73 1.71 1.72 May 1.77 1.75 1 77 July 1.81 1.79 1.81 September 1 59 l 55 1 58 December 1.88 1.64 1.68

STOCK MARKET CONTINUES UP IN FIRMTIADE Bunched Orders at Opening Bring Out Gains in All Sections.

Average Stock Prices

Average of thirty Industrials for Monday. high. 110.30. low. 106.22. last 108.27. up 2.17. Average of twenty rails. 56.15. 54.61. 55.10. up .41. Average of twenty utilities, 38.53. 37.24, 37.56. up .36. Average of forty bonds, 88.84. up .17. Average of twenty first raiis. 93.37. up .16. Average of twenty second rails. 77.04. up .08. Average of ten utilities, 95.70. up .18. Average of ten industrials. 89.27. up .32. BY ELMER C. WALZER United Press Financial Editor NEW YORK, July 18—Stocks moved ahead fractions to more than 2 points at the opening today on the Stock Exchange; further gains were made on the curb; bonds were mixed, snd cotton up several points. The dollar eased with the pound approaching its parity. Large blocks appeared on the tape representing bunched orders accumulated over night. Libby Owens Ford Glass opened 10,000 shares at 35?*, up 1?4 and anew top for the year. Demand continued for the wet issues. Owens Illinois Glass opened at its high of 96'i. up 1%; National Distillers 123%, up 1%. Leaders in all divisions made substntial gains. Sheel common was at 65%, up 1 2 ; American Telephone 132%, up 1%; New York Central 56%, up %; American Smelting 43%, up 1%; General Asphalt 25%, up 1% and anew high; Western Union 77, up 1% and anew high; Union Carbide 51%, up 2% and anew high; Loew’s 30%, up 1% and anew high, and New York Shipbuilding 20%, up % and anew high. New York Curb (By Abbott. Hoppin & Cos.) —July 17Close Close. Alum Cos of Am 85 Inti Ptrol 18%; Am Bev 3% Lake Shore Mi. 43 Am Cts P & L B s%.Lone Star Gas.. 11 Am Cyan B ... 14VMount Prod .... 6% Am & For Pwr., 12'ojNatl .'Bellas Hess. 4% Am Gs & E 1... 44% Niag hud Pwr.. 13% Am Sup Pwr.. 7*4 Pan Am Airways 54% Ark Ntl Pwr A. 2 7 8 Parker Rstprf... 60% Ass Gas A 2 Pennroad 5-4 Atlas Ut Crp.. 16% Fioneer Girt Mi. 13% Braz Tr & Lt.. 16', St Regis Paper.. 7% Can Marconi... 3‘n Salt Creek Prod 7% Cent Sts El ... 3% Segal Lock IVb Cities Serv 4% Std Oil of Ind.. 33% Comm Edison... 70 Std Oil of Ky.. 19 Cord 15 Stutz 1914 Eislor Elec .... 1% Translux 3 El Bnd <fc Sh... 38% United Founders 2% Ford of Eng .... 6% United Gas 5% Ford Mot Can.. 18'VUn Lt A’ Pwr A. 7'i Hudson Bay Min 11 United Verde 4% Imperial Oil ... 14%;Woolworth Lmtd 19% Irving Airchute. 7 W Hargraves 6%ril • Wright Hargra’s 6%

Bank Clearings

INDIANAPOLIS STATEMENT —Julv 1— .*■ Clearings ~...52,072,000.00 Debits 5.443,000.00 TREASURY STATEMENT —July 17Net balance for July 14 $860,245,577,56 Misc. Inter, Rev. Receipts... 3,174,186,14 Customs rects. for month to date 9.411,039.09

Daily Price Index

By United Press NEY YORK. July 17.—Dun & Bradstreets daily weighted price index of 30 basic commodities, compiled for the United Press: By United Press (1930-1932 Average, 1001 Today 112.79 Saturday m. 63 Week ago 106.68 Month ago 91 25 Year ago 75 06 1933 High (Julv 15) 112 79 1933 Low (Jan. 201 67.86 (Copyright, 1933. by Dun & BBradstreet, Inc.) Other Grain BY UNITED PRESS „ , TOLEDO CASH GRAIN By l nited Press TOLEDO, July 17.—Cash grain, close. Gram in elevators, transit bilhng: Wheat —No. 2 red. $1.16%® 1.17%; No. 1 red 1 cent premium. Corn—No. 2 ••ellow. 70% ®7l%c. Oats—No. 2 white, si®s2c. Rve —No. 2. $1.01%® 1.02%. Track prices. 28%c rate: Wheat—No. 1 red. $1.12*2® 1.14: No. 2 red, $1.11%1.12. Corn—No. 2 vellow, 66’((67c: No. 3 yellow, 65® 66c. Oats—No. 2white, 484/490: No. 3 white. 47%®48c Toledo seed close: Clover—Cash. $7 75Octobert, $3.008. Alsike—Cash, 57.75; August, SB.OOB. Toledo produce close’ Butter—Fancy creamery, 29c. Eggs—Extrasv_l4!a'lsc. Hay—Timothy per cw ; t.. 70c. ST. LOUIS CASH GRAIN By l nited Press ST. LOUIS. July 17.—Cash grain: Wheat —ln good demand. 4 to 4%c higher No 1 red. $1.18; No. 2 red, $1.16*11.18%: No 3 red. $1.16® 1.17%: No. 4 red, $1.15; No. 5 red. $1.10; No. 2 red garlicky. $1.09: No. 3 red garlicky. $1.08%®Y.12: No 4 red garlicky, $1.06® 1.08: No. 1 hard. $1 15% 1.17; No. 2 hard. $1.15® 1.15%; No. 3 hard. $1.09® 1.15; No. 1 mixed. $1.15® 1.16%% No. 2 mixed. $1.14%® 1.15: No 3 mixed. SI 14. Corn—ln fair , demand ’ 1 to l%c higher: No. 2 mixed. 63%c: No 1 vellow. 64%c: No. 2 vellow. 64®64%c No 3 yellow. 63c: No. 6 yellow>. 57®59c: No. 2 white. 66’ 2 c. Oats—ln fair demand. 1 to l%c higher: No. 2 white. 48c; No. 3 white. 47®47%c: No. 2 mixed. 46®48c: No. 2 red. 48c.

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THE INTSIANAPOLIS TIMES * /

INDIANA STOCKS AND BONDS

The following cuotation* do not represent actual bids or offerings, but merely indicate the approximate market level based on buying and selling lnauirles or recent transactions. —July 18— STOCKS Bid. Ask. Belt Rail * Stock Yards, com. 26 SO Belt Rail &• Stock Yds pfd 6% 45 50 Cent Ind Pwr pfd 7% 13 16 Citizens Gas com 14 Citizens Gas Cos pfd 51...... 61 67 Home T & T Ft Wavne pfd 7% 36 40 Ind A- Mich Elec Cos pfd 7%.. 69 <3 In Gen Service Cos pfd 6V. 64 68 Ind Hvdro Elec Cos 71 27 30 Indpls Gas Cos com ...... 40 44 Indpis Pwr & Li Pfd Indpis Pwr A- Lt, Cos pfd 6W. 66 73 Indpls Water Cos pfd 5 V ... 88 92 No Ind Pub Serv Cos pfd 5%74 3. 41 No Ind Pub Serv Cos 65 38 42 No Ind Pub Serv Cos 764...... 43 47 Public Serv Cos of Ind pfd 6% 16 19 Public Serv Cos of Ind pfd 1% 3< 1 2 41% South Ind Gas A* El pfd 6V. 58 60 Terre Haute Elec pfd 6% 40 43 ' BONDS Belt R R & Stkvds 4s 1939.. 88 92 Citizens Gas Cos 5s 1942 83 86 Home T A- W 5%s 195a 96-2 100 2 Home T A- T W 6s 1943 98 102 Indpls Gas Cos 5s 1952 <j> Indols Rys Inc 5s 1967..... 27 30 Indpls Water Cos 4’ 2 s 1940... 99 102 Indpls Water Cos 5s 1960 93 97 Indpls Water Cos 5s 1970. . 92 96 Indpls Water Cos 5 Vs 1953...100 103 Indpls Water Cos 5%s 1954 = ... .100 103 Kokomo Wat Works 5s 1958... .5 79 Lafavette Tel Cos 5s 1957 .... 83 37 Muncie Water Works as 1939.. 90 94 Richmond Water Works 1957 . 84 88 Terre Haute Water Wk 5s 1956 8a 86 Terre Haute Wat Wk 6s 1949.. 94 98 Traction Terminal Cos 5s 1957.. 44 48

The City in Brief

WEDNESDAY EVENTS Lions Club luncheon, Washington. Purdue Alumni Association luncheon. Severin. . . „ League for the Hard of Hearing meeting, 7:30 p. m.. Stokes building. American Legion. Twelfth district luncheon. Board of Trade. , Kiwanis Club luncheon, Columbia Club. Home Builders meeting, Ip, m., Washington. . . Apartment Owners luncheon. Washington. . . Lambda Chi Alpha luncheon. Washington. A benefit card party will be held tonight at 8 at the home of Mrs. J. A. Underwood. 134 Edgemont avenue. t Mrs. Charles Deckert will be a hostess. . Lawrence G. Holmes, executive secretary of the Indianapolis Real Estate Board, has announced that the board will move its offices on Aug. 1 to 704 Ireland Bank building. For the past seventeen years the offices have been on the eighth floor of the Lemcke building. Police were notified today by E. M. Bradford of 3301 East Washington street, that a man attempting to pass counterfeit bills has been boarding East Washington street cars. He is described as 45, slight build, and his clothing includes a dark cap and a blue work shirt. .. One hundred and fifty persons from Indianapolis are expected to go to the layman’s retreat to be held at the University of Notre Dame Aug. 3 to 6. A. L. Taylor, newly appointed executive secretary of the Indianapolis Chamber of Commerce, began his official duties Monday. Taylor resigned as secretary of j the Elkhart Chamber of Commerce to accept the position here. Gavin L. Payne, chairman of the executive committee of the property owners’ division of the Indianapolis Real Estate Board, will speak on July 26 at a national tax conference in Buffalo, N. Y. Members of the American Public Health Asociation will open a fourday meeting here Oct. 9. Speaker for the luncheon meeting Thursday of the Advertising Club at the Columbia Club will be N. J. Wolcott, a representative of Successful Farming, whose subject will be “Here Comes the Farm Market.” L. W. Ryder, 5705 East Tenth street, is in Ripon. Wis., attending a national conference of sales representatives of the Barlow & Seelig Manufacturing Cos., makers of washers and ironing machines. William H. Linden, 29, Negro, 1828 Highland place, was arrrested charged with drunkenness after an automobile he was driving collided with a car owned Jpy Robert Kirby, 803 West Forty-third street, parked on Vermont street near Meridian street Monday night. Three Negro footpads slugged Charles Franklin, Negro, 31, of 222 East Wabash street, in front of 501% Agnes street, early today and stole $1 and a cigaret lighter. Franklin was treated at city hospital for head lacerations. Rugs and clocks valued at more than $75 were stolen from the home of Fred Karrer, 1409 North Kealing avenue, by burglars who broke the hook on a window screen Monday night while the family was away.

PORKERS SHOW LITTLE CHANGE AT CITY YARDS Cattle and Calves Steady in Previous Range; Lambs Are Up. Hogs generally were steady this morning at the city yards. Weights of 160 to 200 pounds brought $4.80 to $4.85 with 200 to 300-pound kinds selling for $4.90 to $4.95. Several loads in this latter class brought up to $5. Heavies of 300 pounds and up sold for $4.70 to $4.80; 130 to 160 pounds. $3.80 to ,$4.30. Receipts were estimated at 10,000; Holdovers were 252. Cattle showed little change from the previous session. Better grade steers sold for $6 to $7. Others brought from $5.75 down. Numerous heifers made the market at $5.25 to $6, some held higher. Lower grades were to be had at around $3.50 to $5. Cows sold for $2.75 to $3.50, top price $4. Receipts were 2,000. Vealers were steady at $6 down. Calf receipts were 700. Lambs were up 25 cents or more with the bulk of ewe and wethers selling for $7.50 to $7.75. Several brought SB. Bucks were discounted a dollar. Receipts were 2,000. Slow action was shown in hog trading at Chicago, with few bids around steady to 10 cents higher than Monday’s average. Asking moved, upward to $5 for best weights. The bulk of good to choice porkers, scaling from 210 to 260 pounds, was bid in at $4.80 to $4.85. Receipts were 24,000, including 7,000 direct; holdovers 1,000. Cattle receipts were estimated at 7,500; calves, 2,500, market strong. Sheep receipts numbered 8,000; market strong. HOGS ... Top Receipts JJ- * 4 :. 68 @ 480 84.80 6.500 }?• 4 -7 8 @ 4 -90 4.95 8,000 }?• 4 -75fP 4.90 4.95 8.000 J - 4 4 75 4 75 7,500 15. 4.70® 4.85 4.85 2,500 }7- A 80 '? 4 95 5.00 6.500 18.- 4.80® 4.95 5.00 10,000 Market, steady. Good and choice $ 4.05® 4.30 „„ _ —Light Weights—-(l6o-180) Good and choice 4.80 (180-200) Good and choice 4 85 „ —Medium Weights—-'2oo-220) Good and choice 4 90 (220-250) Good and choice 4.90® 5.00 • —Heavy Weights—f* Go °d and choice 4.90® 495 (290-350) Good and choice.... 4 80v? 490 . . —Packing Sows— G °, od 3.50® 4 15 <350 up) Good 3 2b<a 400 (All weights) Medium .....W. 3.00'a 350 —Slaughter Pigs—-(loo-130) Good and choice 3.20® 3.45 CATTLE (1.050%L10M 2 ' W,O: market ’ S ‘ eadT ’ Good and choice $ 5.50® 7.00 andM 1 500) a - d medium 4.25® 5 50 Good and choice 5.50® 7 00 common and medium 4.25'd 5 25 (550-750)- - Helfers - Good and choice 5.00® 6 00 (750-900)° aUd medium ‘ 3.25® 5.00 Good and choice 4.25® 5.75 Common and medium .....A 3.00® 425 —Cows— Wood *#,. 3 254? 400 Common and medium 2 50® 3 25 Low cutter and medium 1.50® 2.50 _ . -r ßu ' !s (yearlings excluded)—' Good (beef) 3.00® 3.50 Cutter, common and medium.. 2.00® 3.00 VEALERS Receipts. 700; market. lower. Good and choice $ 5.50® 6.00 Medium 4.00® 5.50 Cull and common 2.50® 5.75 —Calves— (250-500) Good and choice 3.50®5.00 Common and medium 2.00®' 3.50 —Feeder and Stocker Cattle—' (500-800) Good and choice 4.50 @ 5 75 Common and medium 3.00® 4.50 ) Good and choice ’ 4 50® 5.75 Common and medium 3.00® 4.50 SHEEP AND LAMBS Receipts. 2.000; market, steady. , . —Lambs, Shorn Basis—<9o lbs. downi good & choice..s 7.00® 8.00 (90 lbs. down) com. and med. 4.50® 700 _ —Ewes— Good and choice 2.00® 3.00 Common and medium l.oo@ 2 00

Other Livestock BY UNITED PRESS CHICAGO. July 18.—Hogs—Receipts 24,000 including 7,000 direct; active, unevenly I0(a20c higher than Monday's average; 200*9O lbs., $4.855; top 5; 300-350 lbs.. 54.70 9 4.90; 140-190 lbs., $4.25%'4.90: pigs, $3.50 Packing sows, $44x4.40; light lights, HO-lbo lbs,, good and choice, $4.25(9)4.75; light weight. 160-200 lbs., good and choice, $4. 50%4.95; medium weights, 200-250 lbs., §?n d "!rn n u c^°‘ce ’ $4.85(a6; heavy weights. *du-3jo lbs., good and choice, $4,704x5; packing sows 275-550 lbs. medium and choice, [email protected]; slaughter pigs, 100-130 good and choice, $3,504x4.25. Cattle Receipts 7,500; calves, 2,500; fed steers 2P. yearlings fully steady on better grades' Paid f ° r weighty steers; several loads, $ 14X7.35; best light steers, $7; light steers and ion.g yearlings of value to sell at $6 down, easy; light heifers and mixed year“bessiow but mostly steady; largely, $5,50 '9 7.25; market with Stockers scarce at $5 dotvn to $4 mostly; grass fat cows easy at f 3 °°, w il' varcl • most vealers, $4.50% 6, mostly, $4,504/5.50; slaughter cattle and vealS[ s i. $550-900 ibs., good and choice, ?5'Z5 “ i 40: 900-1 100 lbs., good and choice. $5,754/ 7.60; 1,100-1,300 lbs., good and choice. $5,754/7.60; 1.300-1,500 lbs., good and choice. $5,754/7.75; 550-1.300 lbs., common and medium. $3,504/ 6: heifers, 550-750 Ibs good and choice. $5,254/ 6.2; common medium, $34/ 5.25; cows good. $3.25% 4.o0: common and medium. $2,504/ 3.25: low cutter and cutter. $1.759 2.6(1; bulls (yearlings excluded), good (beef 1, $3,504x4.25; cutter common and medium, $2,754x4; vealers. good and choice $5%'6: medium $44/5: cull and common, $34x4; stocker and feeder cattle: steers 500-550 lbs., good and choice. 54.504J6; common and medium, $34? 4.50 Sheep—Receipts, 8.000; lambs strong 25c higher; good and choice natives. $7.50: occasionally tQ citv butchers. $8: choice westerns held above that price; 70 , ' Jeeding lambs late Monday $6.25; slaughter sheep and lambs: lambs 90 lbs. down, good and choice. $6,754/8.10- common and medium. $44/6.75: ewes, 90-150 lbs., good and choice, $1.25%3; all weights common and medium. $14x1.75. PITTSBURGH. July 18. Cattle Receipts, 20: market steady. Hogs Receipts, 600; market steady to 5c higherprime heavies. 240-300 lbs.. $5,054x5 30' heavy mixed 210-240 Ibs.. $5,304? 5.40: mediums. 180-210 lbs., $5,304x5.40: heavy ,$5-25'9'5.35: light Yorkers, 12014e lbs.. $4.25474.75: pigs. .90-115 lbs.. $3.50 -i- roughs $3.50-9 4. Sheep and Lambs , -Receipts. 500; market steadv: stronger: IST'S?- Rood to choice. 90 ibs.. down $7.75 4/8.2x: medium 90 ibs.. down $5.504?6; medium 91 lbs., no $6-97 Sheep—Wethers prime. $2,504) 2.75: fair to good. $24? 2.25: medium to choice. $1.50472. calves— Receipts. 100: steadv: veaiers. good $6-9 ®-*5 : *. f ew ft *7; medium $5-9'5.50; heavy and thin. $4475.

EAST ST. LOUIS. 111.. July 18,-Hogs-Reeelpts. 10.000. including 300 direct; market: 20c to mostly 25c higher; spots up more: ton $5; bulk 180-300 lbs., $4,900 5: 150-170 lbs.. 34 - 150 lbs.. £2 j?®® 4.50; 100-1.30 lbs. *3.254?4: sows, 53_8504.15. Cattle—Receipts. 3.500: calves Receints, 2.000: market, slow; opening sa.es of steers, low cutters, sausage bulls a . j vealers, steady; prospects about steady on heifers and beef cows; a few steers. $5.30@6 25: some heifers, SSO 5.75: bpf>, cows $2.7503.25; low cutters. $1.50 0 185; top sausage bulls. $3.50; good and choice vealers. $5.50; slaughter steers. 5501.100 lbs., good and choice. $5.7507: common and medium. 53.500.5.75- 1 100-1 500 Ihs . choice $6 500 7: good $5.750 8.50: medium. $4.500 5.75. Sheep—Receipts, 3.500: market opened. 25050 c higher: better lambs. $7.7508; buck lambs. $1 less' throwouts, $3.50; fat ewes. $2.75 down- lambs 90 . ibs.. down, good and choice. s7.2soß:’comitnon and medium. $3.5007 25: yearling ! lbs.. eood and choice. 54.75 ''t owe* 9<).isn ib.s., good and choice .51.500 2 75: all weights common and mei dium. $lO2. EAST BUFFALO. July 18 —Hogs—Receipts. 300: good hogs scarce, feeling strong i '2u lflc higher, steady, as high as $5.35 on l?" to 220 lbs.: medium ouotable un to ! '5.40: 130 to 180 lbs., $404.75. Cattle—- : Receipts. 25: mostlv cows, no steers or heifers offered: good handr kind, quotable steady to strong: far cows *3 7504 Calves —Receints. 150; steady, demand light, trade sj_ow' good to choice, *6 5007: medium, $6 cull and ccnvr.on. *4 0 5 50. Siieca —Receipts, 400: no top lambs offered, steady; medium and common. 15.50 ? i .50. WAYNE. July 17.—Hogs. 10c un: SO-300 lbs $8; 300-350 lbs $4 90 200i0 lbs . <4.90; 170-200 lbs . $4 80- 150-170 tbs 54 40: 140-150 Ihs.. *4.05: 13-14 lbs. S3 80; 100-130 Ihs $3 25: roughs. $3.75' $2 25. Calves—Receints. *6: lambs. $7.25 Cattle—Steadv: steers, good and choice. *505.50; grass steers, good and choice $3 0 3 50: medium and good *3O 3 50; fed heifers, good and choice. $4,500 5: grass heifers, good and choice, S4O 4.25; medium and good. *3O 4: common and medium. $3 0 3 50: cow*, good and choice. $2.5003: medium and good. *2O 2.50: cutters. $1.7502; canners. $101.50: bulls, good and choice. $3 0 3 25: medium *nd good *2.5003: butchers, eood and light, (303.50.

Today and Tomorrow—

The Four-Power Pact Is a Step Toward Better Understanding in Central Europe. ■ BY WALTER LIPPMANN

NEW YORK, July 18.—The four-power pact which just has been signed in Rome may be said to mark the end of the European political crisis of last spring. This crisis was produced by the rise to power in Germany of men who for years openly had declared that they would, if necessary, use force to bring about a revision of treaties. How serious this treat was to be taken depended upon the attitude of Mussolini.

For years Fascist Italy has favored revision. If Fascist Italy aligned itself with Nazi Germany, carrying with it Hungary, Bulgaria, and perhaps Austria. Europe would have been divided into two hostile and irreconcilable camps. Here lay the danger. But almost instantly there was a profound reaction. British opinion became united in an implacable opposition to any extension of the Nazi influence beyond the present fronties of Germany. The F’rench alliance in central Europe, which gradually bad become weaker, were revivified in the presence of the danger. Russian diplomacy became indefinitely more friendly to Poland and to the other new’ nations of central Europe. Finally, when the Nazis began to threaten the independence of Austria, the Italians saw’ that by aligning themselves with Germany and by encouraging the Nazi ambitions they were running the risk of

creating anew Germany, which, when it had absorbed Austria w’ould be the neighbor of Italy and w’ould in all likelihood begin to press next for an outlet to the Adriatic through the Italian port of Trieste.

CONFRONTED with the situation. Mussolini chose to practice a realistic diplomacy. The four-pow-er pact is the visible sign of his decision to pursue a policy of stability rather than a policy of adventure. The pact recognizes Germany as one of the four great powers of Europe, and concedes to Germany that moral equality which she ought never to have been denied. But at the same time the pact completely rejects the idea that Europe can be divided into two groups of powers, and it recommits Germany and all the others to the whole system of treaties set up to preserve the peace. Thus under Mussolini’s leadership, Hitler has accepted for Nazi Germany anew network of treaties which the Nazi propaganda consistently has so scorned. The most important aspect of the pact, how’ever, is that a path has been opened definitely for a better understanding between France and Italy. Not only has Fascist Italy drawn back from an alliance with Nazi Germany, but it has moved forward to a point where it is not impossible that a w T ay will be found to compose, at least for a time, the rivalry between France and Italy in central Europe. B tt u THE peace and the prosperity of central Europe depend upon an understanding between France and Italy. Without this understanding, the new nations of the Danube valley w’hich have arisen out of the wreck of the Hapsburg empire, can not hope to make economic arrangements which will permit them to prosper. For ten years every arrangement which these new nations might have reached has been vetoed by one or the other of the great powers. If these vetoes can be withheld, there is hope for central Europe. They will be withheld only if France and Italy can understand each other. The next few’ months will show’ whether this is possible. In the meantime the position of the new nations of central Europe has been strengthened considerably by the conclusion of a series of treaties with Russia. These treaties of nonaggression, w’hich are more precise than any written since the w’ar, greatly reduce anxiety all along the whole European frontier of Russia. Insofar as treaties are to be relied upon, they are a new’ barrier against the revision of frontiers by military force. tx n THUS the net result of the crisis of the spring has been to confirm and solidify the existing territorial boundaries. For the time being the idea of revision has been put entirely aside. It has been recognized that in fact the only kind of peace that Europe can have is peace based on the existing frontiers. The alternative W’ould be war, and once that alternative w’as visualized already in the crisis of last spring, it was rejected not only by France and her allies, who have always rejected it, but by Great Britain, by Russia, and by Italy as well. (Copyright, 1933)

Indianapolis Cash Grain

—July 17— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41% New York rate w-ere: Wheat- Strong; No. 1 red. $1.05/(71.06: No 2 red. $1.04471.05: No. 2 hard. $1.05% 1.04. Corn—Strong: No. 2 white. 60%% 61 %c; No. 3 white. 59%/(760%c: No. 2 yellow. 58',2%59%c: No. 3 veilow, 57%% 58%c: No. 2 mixed. 57% i sß%c; No. 3 mixed, 56%%59%c. Oats—Strong; No. 2 white. 44%'45c: No. 3 white. 45%44c. Hay—Steadv—(F. o. b. country points taking 23%c or less rates to Cincinnati or Louisville.) No. 1 timothy. $5.50%6; No. 2 timothy. $5%5.50. —lnspections Wheat—No. 1 red. 64 cars: No. 2 red, 26 cars: No. 3 redi 2 cars: No. 4 red. 1 car: No. 1 hard. 15 cars; No. 2 hard. 19 cars; No. 3 hard. 2 cars; No. 1 mixed. 10 cars; No. 2 mixed, 7 cars: total, 147 cars. Corn—No. 1 white, 4 cars; No. 2 white. 9 cars: No. 3 white. 8 cars: No. 1 yellow. 3 cars: No. 2 veilow, 21 cars; No. 3 veilow. 10 cars: No. 4 veilow. 2 cars; No. 5 yellow. 1 car: No. 6 veilow. 3 cars: total, 61 cars. Oats—No. 2 white, 27 cars: No. 3 white. 21 cars; No. 4 white. 3 cars; No. 2 mixed. 1 car; total. 52 cars. Births Bovs Morris and Lillian Foster. Methodist hospital. Norman and Mildred Brock. Methodist hospital. Earl and Elizabeth Troutman. Methodist hospital. Charles and Gladys Selmler, Methodist hospital. Charlie and Eva Beige!. 227 Leota. Gerard and Irma Jordan. Methodist hospital. David and Mary Teanev. 3624 Linwood. Rodney and June Thompson. 6108 Dewey. Edward and Jennie Yount. 935 North Dequincy. Girls Rov and Josephine Chapman. Methodist hospital. James and Juanita Buckmar.. Methodist hospital. Kepler and Thelma Bowman, Methodist hospital. Garrett and Cora Browning. Methodist hospital. Paul and Isabelle Griffith. Methodist hospital. Henrv and Mabel Gwyne. Methodist hospital. Gaylord and Katherine Black, Methodist hospital. Henrv and Goldie Stelnbrock. 2024 Reformers. Charles and Jane Munsev, 327 South Walcott. Carl and Pearl Verbarg. 3121 Guilford. Deaths Cornelius Donnell. 64. 730 North West, myocarditis. Sam Emons. 65. 414 West Twenty-fifth, I lobar pneumonia. Mary S. Jones, 64, Kentucky and West. ' fractured skull. Adolph Mazurette, 81, Fall Creek, drown- I ing. Eva Hope Fitts 40. 2335 North Meridian, uremia. Amelia Turner. 63, 1800 South Belmont, chronic myocarditis. Lourora Washburn. 66. 844 River, carcinoma. Anna Florence McCreery. 68, 1017 West Thirty-third, uremia. Mima Heimbo, 61 332 West Michigan, myocarditis. Bell Sanford, 36, 863 Roach, pulmonary tuberculosis. Donnal Milburn. 48, Methodist hospital, chronic myocarditis.... Eliza Hockett, 66/ 708 Torbett. arteriosclerosis.

f" 1 11 ■*> Si' VX ~ 0*

Lippmann

Chicago Stocks By Abbott. Hoppin * Cos. ■

TOTAL SALES. 118,900 SHARES —July n High. Low. Close. Acme Steel Cos 37 Adams Mfg 11 10% 11 Allied Products ... 18% Am Pub Serv pfd 8% Asbestos Mfg 4% Assoc Telephone Util... % % % Armour (new) 12% 11% 11% Armour (warrants) .... 4% 4 4 Bastian Blessing 12% 12 12 Bendix Aviation 21% 20% 20% Borg Warner 20% 19% 20 Brach & Sons ... 8% Brown Fence <fe W A 7% E L Bruce Cos 16 15% 16 Butler Bros 5% 5% 5% BerghofE 16 15% 15% Chicago Corp com 4% 4% 4% Chicago Corp pfd 31 30% 30% Chicago Yellow Cab 13 Cities Service 4% 4% 4% Club Aluminum ... % Commonwealth Edison. 71 % 71 71 Consumers 6% Pr pfd.. .. ... 5% Cord Corp 15% 15 15 Crane Cos 10% Godchaux B 14 13% 14 Great Lakes Aircraft 1% HoudaiUe-Hershev 8... 6% 6 6 Iron Fireman 8 Jefferson Elec 14% 13 14% Kalamazoo Stove 28% 28% 28% Katz Drug 3% Kentucky Ut Jr Cum pfd 22 Libbv-McNeil 6% 6% 6% Lincoln Printing 2 Lindsay Light 4% 4 4% Lindsay Nunn Pub 4 Lion Oil Refining Cos 8% Lvnch Corn 37% 36 37% Marshall Field 17% 16% 17% McGratv Electric 6 5% 6 McQuav-Norris ... 44% McWilliams Dredg Cos. .. 14% 14% 14% Mickelbf rrv’s Food Prod. .. ... 6 Middle West Util % % % Mid W U 6% Pfd A .. 1% 1% 1% Midland United 1% Midland United. Pfd 2% Natl El Power A % National Leather ... 2% National-Standard 22 National Union Radio .... ... 1% Noblitt Sparks Ind Inc 29% 29 29 N Am Light & P 5% Northwest Bancorp ... 9 Northwest Engineering .. ... 9 Ontario Mfg 8% 7% 8% Pines Winterfront ...... 5 4 4% Prirna Cos 33 29 32% Process Corp 4 3% 4 Public Serv 6% Pfd 42% 42% 42% Quaker Oats 143 140 143 Quaker Oats Pfd ... 115% Railroad Shares 1% 1% 1% Reliance Mfg Cos 17% 16 17% Rollins Hosiery ... 13 Rverson <fc Son 18% 18% 18% Sangamo Elect com ... 7% Seaboard Utilities' snares 1 % 1 Sears Roebuck 47 44% 45% Southern Union Gas 1 S West G &Elec pfd. . 51% 50 51% Standard Dredg Cos pfd 4 Storkline Furniture ... 5% Super Maid 6 5% 6 Swift & Cos 24% 23% 23% Swift International ... 32 01% 31 1 4 Thompson J R 12 11% 11% United Printers & Pub .. ... 1% U S Gypsum com 52 TJ S Gvpsu mpfd 120 Utah Radio 1% 1% 1% Utility & Ind 2% 2% 2-% Utility & Ind pfd 6>/ 4 6 6% Vortex Cup Cos 8% 3% 8% Wahl 2% 2 2 Walgreen Cos com 20% 20 20 Wayne Pump com ... 1% West P L & Tel A 1 Wieboldt Stores ... * 13% William Oil-O-Matic 3% Yates Machine 2% 2 2 Zenith Radio 2% 2% 2%

Produce Markets

Delivered In Indianapolis prices: Hens, heavy breeds over 4% lbs., 10c: Leghorns. 7c. Broilers: Colored springers, 1% lbs. up. 14c: springers (Leghorn). 1% lbs. up. 11c: barebacks. 7c; cocks and stags. 6c: Leghorn cocks and Leghorn stags, sc. Ducks, large white, full leathered and fat, over 4 lbs. 4c; small and colored. 3c. Geese, full feathered and fat, 3c. Young guineas. 20c; old guineas, 15c. Eggs—No. 1 fresh country run eggs. 12c. Each full egg case must weigh 55 lbs. gross; a deduction of 10c per lb. for each lb. under 55 lbs. gross will be made. Butter—No. 1 27 28c; No. 2. 26c. Butterfat—l9c. Quoted by the Wadlev Company. BY UNITED PRESS CHICAGO. July 18.—Eggs Market, firm; prices % to %c higher: receipts. 10.322 cases; extra flrsts. 154x15’,ic: firsts. 1447 15c.; current receipts. 124/ 13%c: dirties. ll%c. Butter,—Market, firm: prices. % to lc higher; receipts. 14,594 tubs; specials. 264/26%c: extras. 25%c: extra firsts. 244/25c: firsts. 22%% 23%c: seconds. 214/ 22’c; standards. 25%c. Poultry—Market, steadv to easy; receipts. 42 trucks; fowls. 12c; Leghorn broilers. Leghorns. 9c: ducks. 7910 c: geese. 8% 10c: turkeys. 104711 c: roosters. 8c: broilers. 134x19c. I Cheese—Twins. 13%4x14c; Longhorns. 14% ( 4714%c. Potatoes—On track. 358: arrivals. 66; shipments. 315: market easier: Kansas and Missouri sacked cobblers. $1,704x1.75; Virginia and Maryland barrel cobblers. $4,704/4.75. Other Livestock BY UNITED PRESS CLEVELAND. July 18.—Cattle—Receipts. 200; market steauv on most grades: bulls, slightly lower: all sold earlv: fancy dry fed yearlings. 600 lbs., and up. s6(®7; fair to medium butcher steers. $4.2547 5; choice to prime yearling heifers. $5,254/ 6: prime yearling bulls. $4.50% 5: choice fat heavy bulls. $3.5047 4: prime butcher cows. $3473.50; cutter grades. $1,254/2.25. Calves-Receipts. 550; market steady and active on good vealers. but slow on cmnmon calves: choice to prime. $6.50% 7.50. common. $4.50 down. Sheep—Receipts 500: market steadv: choice wethers. $2.00 4/3.25; medium to good. $1.509 2; choice spring lambs. $7.50 5 8.25; common and cull spring lambs. sss down. Hogs—Receipts. 1.200; market steadv on heavy weight but slightly lower on common grade ight hogs: pigs, roughs and stags steady to 2oc lower- heavies. $5.70: light butchers. 180250 lbs., at $4.8547 5.10: Digs. $3.509 4. stags. $2.75; roughs. $3.75. By Timrt Rprcinl LOUISVILLE, Ju> 18 —Cattle—Receipts, 125: fairlv active and fully steady; bulk common to medium steers and heifers, $447 5; better finished to $5.75; beef cows, mostly $2 50453: low cutters sod cutters. $1.50(92 25; sausage bulls, $3 25 down: plain light stockers. $4 down, calves, receipts. 400. fully steady; better vealers mostly $4.50/5 5; medium and (over grades, $4 down. Hogs—Receipts, 1,000, steady; 185-300 lbs . S4 95; 300 lbs. up. *4 55; 140185 lbs , $4; 140 lbs. dowm. $4.30; m ws. $3 45: stags, $2.40. Sheep—Receipts, 2.500 market not established; indications fully steady; general quality imprjved: bulk better lambs Monday $7,754/3; stock ewes mostly $6%7 a head with choice higher. Receipts Monday—Cattle, 737; calves. 681: hoes. 1 463. and sheep. 2,046. Shipments Monday—Cattle. 25i; Calves, 525; hogs, 234, and sheep. 2.353. LAFAYETTE. July 18—Hogs—Market, steady; 200-300 lbs. $4,754x4 80: 300-325 lbs., $4.60: 170-200 lbs. $4.6094 70: 140170 lbs. *3 80 5 4 20: 100-140 lbs. *3473.50: top calves. $5; top lambs. *6 75; roughs, $3.50 down. - Plumbing Permits C. A. Johnson, 858 South Schofield; four fixtures. North Side Plumbing Company, 810 East Washington; two fixtures. G. J. Bellmeyer, 2909-11 McPherson; six fixtures. Preyn Bros . Massachusetts and St. Clair; nine fixtures. Frevn Bros., 430 North Liberty; ten fixtures . Frevn Bros . 5060 North Meridian; sixteen fixtures. C. A. Johnson. Churchman and Keystone: three fixtures. In the Air Weather conditions at 9 a. m.: West wind, 8 miles an hour; temperature, 75; barometric pnessure, 30.13 at sea level; general conditions, high, overcast; cyiling, unlimited; visibility, 12 mites.

PAGE 13

GRAIN FUTURES SELL HIGHER IN UNEVEN RANGE Weak Cash Tone Unsettles Wheat. Corn: Oats Steady. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, July 18.—Grains advanced unevenly as the Board of Trade opened today with wheat % to 2's cents higher, July dragging due to the weakness in the cash market. The hot, dry weather and firm cables combined with the favorable surroundings kept bullish sentiment at a fever pitch. Corn was weakened by the cash market and futures were unevenlyl cent lower to N cent higher with December showing the strength. Oats provisions were firm. There was no change in th weather overnight in the spring wheat section either side of the international line. Liverpool was strong and 2S to 2\ cents higher at mid-afternoon. A number of traders frightened out of wheat have taken their profits and entered the corn market. While this cereal follows wheat to a certain extent, it has been disappointing because it is more responsive to normal influences. The movement continues heavy. Oats has quieted down with the trade generally of the opinion all known factors have been discounted. Rye and barley are “wet” grains and have taken some strength from that feature.

Chicago Primary Receipts —July 17— Wheat , 2 416 000 Corn ~?S‘ 3 178.000 Oats % 1,205.00 Chicago Futures Range —July 18— Prey. WHEAT— High. Low. 11 00. close. Sept 120 1.17% 1 18% 1.18% Dec % 1.24 1 20% 1.21% 1.21% May rC, 1.28% 1.25% 126 1.26 CORN— Sept .71% .69% .70% .71% Off •” -76% .74% .75% .75% May 81% .80 .80% .81% OATS— Sept .49% .48 .48% .48% D RYE-' ’"‘' -52 ’* ' sl ■ SP " ' MI " Sept 105% 104 104 1.03% Dec ...111% 1.09% 1.10 1 08% BARLEY— Sept 7g% Dec Jr!... ....'X 83 BELLIES— Sept 8 90 8 85 8 85 8 75 Oct 9.07 9 02 9.07 8.95 CHICAGO CASH GRAIN Rj/ T'nitcd rrrs* CHICAGO. July 17.—Cash grain, close. Wheat—No. 1 red. $116; No. 2 red. $1.15® 1.17. No. 1 hard. $1.15%&1.17%; No. 2 hard. $1.14%<g117; No. 4 hard weevilv, sl.ll. No 1 dark hard. $1 16%®117%; No. 2 dark hard. 51.17®1.17%. No. 1 mixed. $1.14®1.16%: No. 2 mixed. $1 14® 1.16: No. 2 yellow hard. sll4. No 2 northern, sl.ll. Corn—No. 2 mixed, 663® 64c: No. 3 mixed. 62c; No. 6 mixed. 59% ®59%c. No 1 yellow. 64’g65%c: No 3 yellow. 63%®65%c; No. 3 vellow. 64® 64%c; No. 4 vellow, 62® 63c: No 5 vellow, 61%c; No. 6 vellow. 56%®61c. No 2 white, 65'ii65%c: sample grade, 40®51c. Oats—No. 2 white. 46%'&47%c; No. 3 white, 44%®45%c: No. 4 white, 44®44%c. Rye—No sales. Bariev—ss®Oc. Timothy. $3.50®3.90. Clover- $8%11.75. INDIANAPOLIS WAGON WHEAT Cltv grain elevators are paving $1.94 for No 2 soft red wheat. Other grades on their merits.

In the Cotton Markets

—July 17— CHICAGO High Low Close January ~,,. 12.37 li 96 12 18 March ..." K.,. 12 45 12 07 12 32 Mav -. 12.64 12.20 12.52 July 11.61 October 12 04 11 64 11.91 December 12.28 11 28 12 12 NEW YORK January 12.22 11 84 12 03 March 12 38 11.97 12 18 May 12 50 12.11 12 45 July 11.58 11 25 11.50 October 11 99 11.56 11.78 December 2.18 11.77 11 98 NEW ORLEANS January 12.19 11 85 12,02 March 12.30 11 95 12.13 May 12.45 12.09 12.28 JulV 1145 October 11.98 11.51 11.75 December 12.17 1168 1195 BRANCH OFFICE OPENED Hillman Equipment, Inc., Leases Downtown Property. Lease of property at 110 South Pennsylvania street to the Hillman China and Equipment, Inc., is announced by Klein & Kuhn, Inc., building managers. Wholesale branch of their Ft. Wayne business will be opened by the Hillman company next week. The company deals in china, glass, silverware, kitchen utensils and kitchen equipment. NEW YORK COFFEE FUTURES —July 17— RIO ~ . High Low Close March 7 lh 82 710 Mav 7.23 t 690 723 J" 1 '" • • 6 43 September 6 55 6 35 6 55 December 6 88 6 60 6.88 SANTOS March 9.25 9 02 9.25 May 9 38 9 06 9 38 July 8.77 8 67 8 77 September 8 90 8 75 8 90 December 9.10 8 85 9.10

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