Richmond Palladium (Daily), Volume 45, Number 243, 21 August 1920 — Page 10

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THE RICHMOND PALLADIUM AND STJN-TELEGRAM, RICHMOND, IND, SATURDAY, AUG. 21, 1920.

ETS

GRAIN PRICES

CHICAGO, HI., Aug. 21. A. fair amount of bullish news, but shorts well covered, and the tight money and deflation talk remains. Wonderful rains over the grain belts and frost damage to date In sections look unimportant Canadian wheat 10c bellow United State wheat Bears say corn Is being used as a bull leader, but cannot sell above $1.45 to $1.60. About 150,000 bushels oats taken for export this week. We believe we - would realize on bulges over the week-qpd.

RANGE OF FUTURES (Markets by . W. Gagner & Co., 212 Union Bank Building) CHICAGO, Aug. 21. Following is the range of futures on Chicago board of trade today.

1.64. Oats 7072e. Rye $2.03 2.04. Hay $31.0036.50.

Wheat Open High Low Close Dec 2.36 2.38 2.324 2.33 Mar. ...2.38V& 2.39 2.33 M, 2.35 Rye Sept. ...1.87 1.87 1.85 1.85 Corn Sept. ...1.45 1.45 1.41 1.42 Dec. ...1.22 1.22 1.20 1.20 May ....1.19 1.19 1.18 1.18 Oats Sept ... .67 .68 .66 .67 Dec 68 .68 .66 .67 May 70 .70 .69 .69 Pork Sept. ..24.70 24.55 Lard Sept. ..18.37 18.45 Ribs Sept ..15,00 14.95

(By Associated Press) CINCINNATI. O., Aug. 21. WheatNo. 2 red, $2.592.60; No. 3 red, $2.67 2.58; other grades as to quality, $2.49 2.56. Corn No. 2 white, $1.64; No. 3 white, $1.63; No. 4 white, $1.62 1.63. Corn No. 2 yellow, $1.641.65; No. 3 yellow, $1.631.64; No. 4 yellow, $1.62 1.63. Corn No. 2 mixed, $1.63

(By Associated Press) CHICAGO, Aug. 21. Wheat No. 2 red. $2.6302.64; No. 2 hard, $2.61 2.63. Corn No. 2 yellow, $1.64. Oats No. 2 white, 71 72; No. 3 white, 6971. Pork, nominal; ribs, $14.60 15.60; lard. $18.40.

(By Associated Press) TOLEDO. O., Aug. 21. WheatPrime cash, $2.62; Deo., $2.43. Clover Seed Prime cash, $17.75; March, $18.60; Oct., $17.75; Dec.. $18.20. Alslke Prime cash, $17.50; March, $18.95; Oct., $18.36; Dec., $18.35. TimothyPrime cash, 1917 V-00; 1918, $4.00; 1919. $4.10; March. $4.05; Sept.. 4.10; Oct, $3.85; Dec., $3.90.

LIVE STOCK PRICES (By Associated Press) INDIANAPOLIS, Aug. 21. HogsReceipts, 3,000; higher. Cattle Receipts, 200; unchanged. Calves Receipts. 200; about steady. Sheep Rscelpts, 600; unchanged. Hogs Good mixed. 160 lbs. up. average, $15.25 15.85; assorted, 160 to 250 lbs, average, $15.2516.00; uniform, 250 to 300 lbs, up, $14.7515.25; extra big hogs. $14.75 down; fat hogp. weighing down to 140 lbs., $15.50 15.75; fat back pigs, under 140 lbs.. $15.00 down; light pigs. $14.75 down; feeding pigs. $15.50 down; sows, according to quality. $12.00 14.00; most good sows, $13.5013.76; poor to best stags. 80 pounds dock. $10.00 13.75; sales in truck market, $15.5015.75. Best heavy hogs, a year ago, $21.85; best light hogs, a year ago, 121.90; most of sales a year ago, $21.75. Cattle KUling steers Extra good. 1,300 lbs. up, $16.6016.75; good to choice, 1,250 lbs. up. $15.50 16.25; common to medium, 1250 lbs. up, $14.2515.25; good to choice, 1,100 to 1,200, $14.0015.25; common to medium. 1.110 to 1.250 lbs., $13.2514.00; good to choice,, 1.000 to 1100 lbs.,

common to medium, 1,000 to 14.00 lbs.

$12.2513.25; good to best under 1,000 lbs., $11.00 13.60; poor to fair, under 1.000 lbs.. $8.00 11.00; good to best yearlings, $18.0015.00. Heifer -Good to best, 800 lbs. up, $9.00 10.50; common to medium, under 800 lbs.. $6.50 9.60; good to best, under 800 lbs., $10.0012.50; poor to fair, under 1.000 lbs., $10.00 12.00; good to choice, under 1,000 lbs., $11.75 13.75. Cow Good to best, 1,060 lbs. up, $8.50 9.60; . common to medium, 1,050 lbs. up. $8.509.60; good to choice, under 1,060 lbs., $8.509.50; common to medium, under 1,050 lbs., $8.00 9.00; poor to good cutters, $5.00 6.00; poor to good canners, $4.00 $4.25. Bull- Good to best 1300 lbs. up. $8.008.60; good to choice, under 1,300 lbs., $8.00 8.50; fair to medium, under I, 800 ibis., $6.607.50; common to good bolognas, $5.007.00. Calves Good to choice veals undei 200 lbs., $15.0016.60; good bolognas, $6.00; good to choice heavy calves, $7.50 9.00; common to medium, heavy ealves, $6.007.00; common to medium veals under 200 lbs., $8.00 II. 00. Stockers and Feeders Cattle Good to choice steers, 800 lbs. up, $9.00 9.50; common to fair steers, 800 lbs. up, $7.508.50. Good to choice steers under 800 lbs., $8.009.00; common to fair steers, 800 lbs. up, $8.00 9.00; medium to good heifers. $6.50 7.50; medium to good cows, $6.007.00; good to choice steers, under 800 lbs., $8.509.00; common to fair steers, under 800 lbs., $7.007.50; stock calves, 250 to 400 lbs., $7.0010.00. Native Sheep and lambs Good to choice wether sheep, $5.008.00; good to choice ewe sheep, $4.505.O0; selected ewes and wither lambs, $10.50 11.00; bucks, per 100 lbs., $3.00 4.00; good to choice lambs, $9.50 10.00; common to medium, $6.00 9.00.

DAYTON MARKET Corrected by McLean & Company, Dayton. O. Bell Phone, East 28, Home 81235. Dayton, Ohio, August 21. Hogs Receipts, 2 cars; market, 60c lower; choice heavies, 170 pounds and up, $14.75; butchers and packers, $14.75; heavy Yorkers,, $14.00 14.50; light Yorkers, $13.5014.'00; choice fat

sows, $10.6011.6O; common to fair

sows, $10.0010.50; pigs, $12.0012.50; stags, $7.00 9.00. Cattle Market lower; fair to good shippers, $12.0014.00; good to choice butchers. $11.0012.00; fair to medium butchers, $10.0011.00; good to choice heifers, $10.0012.00; fair to good heifers, $7.009.00; fair to good fat cows, $7.008.00; bologna cows, bulls, $3 005.00; butcher bulls, $7.00 8.60; bologna bulls, $7.00 8.00; calves, $10.00 13.60. Sheep Market steady; lambs, $8.00 11.00. (By Associated Press) CINCINNATI, O., Aug. 21. Receipts Cattle. 400; Hogs, 800; Sheep, 1.000. Cattle Market, steady. Butchers steers Good to choice, $1214.50; fair to good, $8 12; common to fair, $68. Heifers Good to choice, $10 13; fair to good. $710; common to fair, $57. Cows Good to choice, $8.6010; fair to good. $68.60; common to fair, $4.6s)6; cuttere, $4.50 6; cannefis, $34.25; stock steers, $6 10; stock heifers, $5.507; stock cows, $56. Bulls Steady; bologna, $6.507.50; fat bulls, $89. Milch cows Steady, $40135. Calves Steady; extra, $15 15.50; fair to good, $1015; common and large, $59. Hogs Slow, steady; heavies, $14.25 15; good to choice packers and butchers, $15 15.25; medium, $15 15.25; stags, $9; common to choice heavy fat scrtvs, $9 11.50; light shippers, $14.5015; pigs, 110 pounds and less, $1013. Sheep Steady; good to choice lights, $5.606.50; fair to good, $3.25 5.50; common to fair, $13; bucks, $2 5. Lambs Steady: good to choice, $1414.50: seconds, $809.50; fair to good, $10 14; skips, $4 7. (By Associated Press) CHICAGO, 111., Aug. 21. CattleReceipts, 1,500; compared with week ago: Cattle, uneven; choice steers, strong; spots, higher; good steers. 35 50c lower; common and medium, mostly 75c $1 lower; some plain kinds, off more; range cattle, supply still very light; good to choice she stock, canners, slow, steady; veal calves, steady; heavy calves, mostly 60c lower; bologna bulls, $1 lower; handy butcher bulls, steady to 25c lower; stockere, strong to 50c higher. Hogs Receipts, 4,000; active; steady

to lOo higher than yesterday; com

mon gradejS strengthening most; closing strong. $15.76; light and butcher. $15.0015.60; packing sows, $1445 15.25; pigs, 25o to 60c higher; bulk desirable, $1&.7514.25. Sheep Receipts, 8,000; mostly direct; compared with week ago: Fat classes 50 76c lower; cull lambs, steady; feeding and breeding stock, steady; 25c lower.

(By Associated Press) BUFFALO, N. Y.. Aug. 21. Cattle Receipts, 625; slow. Calves 175; active, 50c lower, $619.50. Hogs Receipts, 2,800, active; pigs, 25c' higher; others steady and 25c lower; heavy, $15.2515.76; mixed, $15.2516.40; Yorkers. $16.2516.50; light ditto. $16.0016.25; pigs, $15.75 16.00; roughs, $12.50; Btags, $8.00010.00. Sheep and Lambs Receipts, 600; active, steady; lambs, $6.00 13-50; yearlings, $6.009.00; wethers, $7.50 8.00; ewes, $3.007.00; mixed sheep, $7.007.50.

(Bv Associated Press PITTSBURG, Aug. 21. Hors Receipts, 1 600; lower; heavies. $15.00i3 16.15; Yorkers. $16.4O16.50; light Yorkers. $15.26 15.75; pigs, $14.50 15.00. Sheep and Lambs Receipts, 60; steady; top 6heep, $9.00; top lambs, $13.00. Calves Receipts, 50; lower; top, $17.00.

PRODUCE MARKET (By Associated Press) INDIANAPOLIS. Aug. 21. Eggs, 45 46 cents a dozen. Butter1 Fresh prints, 68 60 cents; Poultry Large broilers, 34 35c; turkeys, 3237c; ducks, 1720c; young geese, 23c; squabs, per dozen, 11 lbs. to dozen, $6; roasters, $12 17; fowls, 30 31c

(By Associated Press) CHICAGO, Aug. 21. Butter Market Unchanged. Eggs Receipts, 8,504 cases; market, unchanged. Live Poultry Market, lower; fowls, 2733c; springs, 34c. Potatoes Market, firm; Receipts, 65 cars; Jersey cobblers, $2.752.90.

CINCINNATI. Aug. 21. Butter fat

Steady. Eggs Steady; prims firsts.

49c; firsts, 47c; ordinary firsts, 46c; seconds, 8 8c Poultry Steady; springers, 35c; Hens, 32c; turkeys, 40c. LIBERTY BONDS (By Associated Press) NEW YORK, Aug. 21. Closing prices on Liberty bonds today were: 3 $89.92 First 4 84.20 Second 4 84.4C First 4 84 70 Second 4 84.48 Third 4 SUM Fourth 4 , 84.7S Victory S 95.58 Victory 4 95.58

NEW YORK STOCKS (Markets by E. W. Wagner & Co., 212 Union Bank Bldg.. NEW YORK, Aug. 21 Open Close American Can 34 34 Am. Smelting ...55 55 Anaconda 52 52 Baldwin Locomotive 106 106 Bethlehem Steel. B 75 76 Chesapeake & Ohio 55 65 Chi no Copper 26 26 General Motors 21 22 Mexican Petroleum 159 159 Pennsylvania 40 40 Reading 89 89 Republic Iron & Steel ... 82 83 Sinclah- Oil 26 27 Stromberg Carburetor .... 72 75 Studebaker 63 63 U. S. Rubber 86 86 U. S. Steel 88 88

LOCAL HAY MARKET. Steady; No. 1 Timothy. $2500; Clover. $25.00 $22.00. (By Associated Press) INDIANAPOLIS, Aug. 2L HayNo. 1 timothy. $30.0031.00; No. 1 clover, $29.50 30.00.

BUTTER QUOTATIONS. The wholesale price for creamery butter Is 57 cents a pound. Butter fats delivered In Richmond bring 62 cents a pound.

FRUIT & VEGETABLES Beets, 5c a bunch; leaf lettuce, 20c pound; onions, 8c pound; parsley, 15c bunch; green mangoes, 5 cents each, three for 10 cents; gsxlla 60c pound; new cabbage, 5c pound;

rwifntn 1F lh sDrlnr onions

5o bunch; cucumbers, 6c; ripe to ma

toes, 10 lb.; green beqps. ioc io, i for 25 cents; turnips, 10 cent bunch; carrots. Scents bunch; egg plant. 25 cents each; green peas, 20c pound; new potatoes, 4 pounds for 25c, 89 peck, $3.60 per bushel; green corn home grown, 30c dozen; cauliflower 20c pound; celery. 10c bunch, t foi 25c; Lima beans. 30c lb. FRUITS.. Bananas, 12c pound; lemons, 29c dozen; oranges, 60c dozen; canteloupes, 10c and 12c each; fresh peaches, 18 cents per pound; fresh plums, 30 cents pound; blackberries. 35 cents a quart; Maiden Blush apples, twq pounds for 25 cents; honey dew melons. 50 cents each; Bartlett pears 25 cents pound; white grapes. 40 cents lb. ; Backemeyer Tiptop melons. 10s

pouna. PRODUCE BUYING Country Butter. 40c pound; egg, 44c dozen; old chickens, 27c pound; fry chickens, 35c pound, LOCAL GRAIN MARKET Richmond flour mills are paying $2.40 for No. 2. LOCAL QUOTATIONS (Furnished by WhtUn) BUYINC Oats. 60c; rye, $1.40; straw, per ton. $9.00; corn, $1.40 per busheL busheL r SELLING Cottonseed Meal, per ton, $78; per cwt, $4.00; Oil Meal, per ton, $80.00; cwL, $4.25; Tankage 60 per cent $105 per ton. cwt, $5.35; Tankage 60 per cent $11S per ton; cwt, $6.00; Quaker Dairy- Feed, per ton, $60.00; per cwt, MEXICAN SECRETARY OF WAR TO CHOP OFF MANY HEADS MEXICO CITY, Aug. 20 General P. Ellas Call, secretary of war. Issued orders today that all employes of his department who were found useless or dishonest be dismissed "even IX It Is necessary to close up entire bureaus". These orders were Issued la w the presence of five reporters of Mexico City newspapers and the cor respondent of The Associated Press. Accusations made against General Francisco R. Serrano, under secretary of war, brought about this sweeping order.

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Public utterances by M. B. Wellborn, governor of the Atlanta Federal Reserve Bank, that he considered the automobile purely as a pleasure car and, therefore, entitled to little consideration from bankers during this period of financial readustment, have been made the occasion of vigorous protest to W. P. G. Harding, of Washington D. C, governor of the Federal Reserve Board, by the National Automobile Chamber of Commerce and the National Automobile Dealers' Association. Governor Wellborn, before the New Orleans bankers, was quoted as saying: "A man has no right to borrow money to make or buy automobiles, especially pleasure cars. When it comes to non-essentials, I consider that pleasure automobiles head the list. A tremendous credit is being used to finance time payments on automobiles that should be diverted to essential production. Farms and manufacturers who need money for essentials need have no fear. They will get what they need. Loans to manufacturers of luxuries will be cut off." While the passenger car and motor truck manufacturers of the United States are ready and willing to bear their share of any curtailment of credit which may be necessary at this time, strong exception is taken to any statement which specially singles out the automobile industry as Governor Wellborn's telegram does, and the terms "passenger" and "pleasure," at least when applied to automobiles, are by no means synonimous. This protest is based upon the following grounds:

(1) The passenger automobile is nof and never lias been funamentaHjr a vehicle Tor pleasure any more than is a steam passenger train which may be used to convey passengers to recreation or amusement resorts. It can be used for that purpose, but such use is incidental to its place as a unit of individual transportation, (2) The purpose of the passenger car is elimination of distance, as Is clearly indicated by figures on motor vehicle registration, which shows that the largest per capita registration of automobiles is found in the wheat belt, while the largest increase fx registration in recent years has been in the cotton belt. , Labor difficulties, scarcity of material and lack of adequate transportation facilities fiavd already compelled the automobile manufacturers of both passenger cars and motor trucks to curtail their production as planned for 1920 by at least 35. This limited production is hardly sufficient for the actual, legitimate needs of passenger cars used for purposes which must meet with the approval of every business man, and especial!yso of evertf well-informed banker. ' 7 The automobile industry does not for a moment advocate extravagance In Its own orany other line, but it is a fact that wastefulness is usually indulged In by those who do not need assistance by banks, and under the present banking system the practical difficulties are such that the Federal Reserve Branches cannot determine whether the car Is to be used for pleasure or business, and in the majority of cases purchase of a car on time Is by the small business man or farmer, who needs and should have assistance. The public

generally recognizes the usetulness ot these passenger cars.

The Aetomobile is a Utility

Just close your eyes and put these facts to work in your head and you will know "why:" The automobile is absolutely necessary in our industrial life. Millions of people, the highest class of work people, are given employment in its manufacture; thousands of others are employed in businesses directly dependent on the automobile, to say nothing of the other business it directly affects the iron and steel mills, mines, etc.

Railroads, street cars, telephones, electric lights, all mechanical and electrical appliances which have come into our daily lives have become necessities, and none has gainea a more necessary or useful position than the automobile. It has brought good roaefs, closer markets; it has made neighborhoods out of counties and states, and has been one of the greatest, if not the greatest, factors in the rapid progress which this county has made in the past decade. Buy your automobile now. It is the biggest time-saver in the world and the progress of civilization is measured by the rate its inhabitants eliminate space and gain time.

Members of

Wayne County Automotive Association

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