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THE TOPEKA DAILY STATE JOURNAL FRIDAY EVENING, APRIL SO, 1920
TREASURY BLAMED Made Big Credits Too Easy for Banks.' They Borrowed Instead of Using Any Cash BeserTe. WAR FINANCED ON INFLATION .Bankers and Economists in Ses sion on If. C. L. Trices Won't Prop Until Trade Jtelance Is Absorbed, Xew York, April 30. Bankers, edu cators and economists of the United States and Europe discussed the facts and causes of Inflation and high prices and their remedies at the semi annual meeting of the academy of political science which opened here today. Ir. B. M. Anderson, jr., of the Na tional Bank of Commerce in New York, speaking at the forenoon ses sion, declared that the shortage of goods and the attendant speculation is the prime cause of present high prices in this country. "When our enormous export bal ance disappears and when our demo cratic markets are called upon to ab sorb the three or four hundred million dollars worth of goods per month which they have not been absorbing, we shall see lower prices," he de clared. The speaker said that in creased p reduction had been expected when the five million men withdrawn from Industry for the army and navy returned, but that Jt had not come. Production Dropped Jn 1919. "In 1919 we produced less by at least 10 per cent in physical units than in 1917," he said. "Coupled with this decreased production, due to the pro longed strain on our industrial sys tem, came a great increase in our ex port balance of trade and a great in crease in domestic consumption as our people relaxed from wartime economy and swung to the other extreme. The net result is greater shortages of goods than at the end of the war." Doctor Anderson declared bank ex pansion had been "more a passive re sult than an active cause of the rising prices." Kdwin Kem merer, professor of eco nomics and finance, Princeton uni versity, after reviewing the two groups of causes for inflation tha 'country has experienced, which he classified as "11 on -war causes and war causes," he said : "We won our independence nearly & century and a half ago in war financed predominately by paper money inflation, we maintained the union a half century ago by a war financed extensively by paper money inflation,, we have Just preserved Qur political inheritance by a war fi nanced in the United States largely by deposit currency inflation and yet we nearly all condemn inflation as a most inequitable method of financing a war. Treasury Helped InllaMon." "The great difficulty has been and XJ, fear will continue to be that financing a war by inflation, with all its injust ice and with its necessary aftermath of economic and social problems is none the less both politically and economi cally, during the war itself, the line ef least resistance." Two mistaken policies in American war financing'are responsible for in flation, according to Dr. Jacob H. Hollander, professor of political econ omy, Johns Hopkins university. "The first," he said, "consisted in is suing bonds at artificially low interest rates with the aid of cheap-borrowing facilities at the federal reserve banks so that bondbuyers found it easier to obtain additional credit from the banks to pay their bonds rather than use their savings or such bank deposits as they already had. "The second, and more important way in which the treasury contributed to inflation was by continued adher ence, even after the armistice, to its wartime practice of borrowing from the banks by means of certificate3 of indebtedness." St. Ixuis Bakers Hike Prices. St. Louis. April 30. Lncreases In the prices of bakery goods, including bread, of from 26 to 100 per cent will become effective here tomorrow, the Master Bakers association announced today. NFO '. ' "I feel splendid" oft? 'Cascarets" act without Griping or Sickening you So Convenient! You wak op with your Head Clear, Complexion Rosy, Breath and Stomach Sweet No Biliousness, Headache, Constipation, Indigestion,. Stansf ield's May Day Bargains MAKE YOUR PAY CHECK GO FURTHER Djer Kiss Face Powder, 54c Mavis Pace Powder, 38c " Armand's Face Powder, 38c Djer Kiss Talcum, 23c Mavi3 Talcum, 18c Pompeian Talcum, 18c Houbigant'a Ideal Talcum, 89c Houbigant's Quelques Fleurs Talcum, 89c 4711 Bath Salts, 35c, 65c, $1.25 4711 Bath Tablets 21c Cutex Cuticle 'Remover, 25c Non-Spi, 3 bottles, $1.00 Pebeco Tooth Paste,- 36c Pepsodent Tooth Paste, 36c . Norwich Tooth Paste, 23c Kolynos Tooth Paste, 23c Senreco Tooth Paste, 25c Williams' Tooth Paste, 19c Palmolive Soap, 1 doz., 93c Ben Hur Soap, 1 doz., 80c Palmolive Hard Water, 1 doz., 89c Jergen's Bath Tablets, 1 doz., 95c Palmolive Swiss Rose, 1 doz., 89c Resinol Soap, 1 box, 58c Moth Ball's Per Pound, 23c Cedar and Moth Compound, Pound, 29c Liquid Veneer Polish, 19c Special Auto Sponges, 89c The Star Vibrator, $4.98 a smau snipmem receivea Above prices cash only and are subject to war tax. Free Delivery to any part of the city on purchase of $1.00 or over. GEO. W. STANSFIELD 632 Kansas Ave. WAIT PSYCHOLOGICAL MOMENT President Wilson Expected to "Spring" Treaty on Senate Again. Washington. April 80. Re-submis sion of the peace treaty to the senate is beins "seriously considered" by President Wilson, according to well informed Democrats. They said the pact is to be sent back at the "psy chological moment" Three dates have been suggested out none have been decided on. They are: When the senate taTtes up the peace resolution. When the president re turns the resolution with his veto. Just before congress recesses in June. KILLED SO MANY (Conti n led from Tate On. Overall Drive Is 100 Per Cent At Herington Herington, Kan., April 30i Rock Island employes have joined the over alls crusade, 100 per cent strong From superintendent's office force down to the call boys, everybody Is wearing them. The young women clerks took a united stand in favor of ginghams, after giving due con- I sideration to "overettes." FACE ACUTE WHEAT SHORTAGE ried so often since that he could not remember names, places and dates." Tliiruout his statement, which was givon at intervals over a period of nearly .four hours, from 8 o'clock to nearly midnight, he was hazy as to de tails. He admitted, the officers said. that he had no direct motive in killing his victims. Some, of the slayings were the results of violent quarrels, they quoted him as saying. He said, they declared, he had killed some women who "had no money." Something just told me to ao it. It's Increase Per- Man "Wanted, Not Increase Per Acre St. Paul, Minn., April 30. Wheat at $5 or fS a bushel and bread at 25 cents a loaf is within the bounds 'of probabilities, Dean R. W. Thatcher of the University of Minnesota s agricul tural department declared today. The shortage of farm labor, accord ing to Thatcher, 4s responsible for the threatened condition. "We must increase the production per man, rather than the production per acre," he said. "While the na tions of the world recognize a stand ard eight hour day, American this year possibly faces a shortage of three- HARMONY IS G. 0. P. OBJECT Will Hays Now Expected To Be Chairman of Cnicago Convention. -Chicago, April 30. With a view to harmony, friends of Will Hays, chair man of the Republican national com mittee, were preparing today to launch, a campaign to have him selected tem porary chairman of the national con vention here in June, it was learned. Back of the movement, according to the reports, was" Victor Rosewater of Nebraska and Fred Upham, treasurer of the national committee. By refraining from discussing policy in regard to the League of Nations and from playing favorites among the pres idential candidates, it was said. Hays won the confidence of leaders,, and a deadlock over the election of a tem porary chairman would probably mean his election. Republican headquarters here ad mitted today that Hays's name had been mentioned for the chairmanship. SECY". WILSOX INTO BREECH. WEATHER (Contlnneil from Page One.l in the United States. The temperature at Prince Albert, Canada, was 26 degrees. Extremes for this date- were 90 in 1890 and 31 in 1907. At 3 o'clock this afternoon the wind was blowing 12 miles an hour from the north. DAILY WEATHER REPORT. Furnished by the weather bureau o.fice. Phone 289 Druggist Via n.-not niintpH. ti tham ha nhtntripfl a. certain satisfaction in the very act of murder. quarters of a billion bushels of wheat. the officers said, and experienced a sense of relief that the woman in each case was dead. Attorney Marmaduke, representing Huirt, stated at the conclusion of the alleged confession that it had been given to the district attorney "in the best interests of his client." Will Ask Utc Sentence. Huirt. under the name of Walter Andrew Watson, will be indicted Mon day for the murder of Nina Lee Delonev, according to TV. C. Doran, chief deputy district attorney, after a .nnf.rrnce with Watson's attorney. Watson will then appear in court and plead guilty and, in consideration oi his plea and the saving to the state, the district attorney will ask for a sen tence of life Imprisonment against him instead of the death penalty, uoran announced. The murder charge, according to -ne district attorney's office, will be based on the alleged confession of Huirt that he killed Nina Lee Deloney, one of his "wives," In Los Angeles county, and afterwards concealed her body in the mountains of Imperial county to which he carried it, wrapped in blankets i.i his automobile. After Huirt had finished his statement the district at torney, deputy sheriffs and other in vestigators left for the place where Huirt said he had hidden Mrs. De loney's body. The trip will require two days, but enough evidence even with out the finding of tho body of Mrs. Deloney, or the admission of the al-1 Jeged confession, is already 'available to support a murder charge,' the of ficers said. Lived in Pittsburg, Kan. The murder charge will be brought against the man under the name of Walter Andrew Watson, it was said. This course will be taken because the defendant told the officers, they eaid, that he did not know his- true name but was most frequently known as Watson; because the marriage with Nina Lee Deloney, which preceded the alleged murder, was solemnized under that name; and because it was tne name most used by the man in Los Angeles county. Watson's statement will be presented to him fortius sig nature today. Watson, in nis state ment, said he believed he. was a native of Tennessee, that he was raised in an orphan asylum until about ten years ago, then he lived with a family named Harper and remained with them until ne moved to i-ittsDurg, Kan., about five years later. While employed in a blacksmith shoo an anvil fell on his head, he said knocking him unconscious. He went to work on a nearby farm and two vears later began to drift over the country. The statement relates that Watson was first married in Canada "during the war. He told the offi cers he had been married so often since that he could not remember names, places nor dates A strong guard was established over the man today to prevent any further attempts at suicide. He is in a prison ward of the county hospital. Topeka, Kan., for the twenty-four hours ending at 7 a. m. Friday. Statious High. Low. Prec. Wth'r. Boston. Mass BS 44 O Clear Calgnrv, Alb 3 2S 0 Cloudy Chicago. Ill KS 2 . Itain Cincinnati. O 4 02 T Clear Corpus Christi 7 70 O Cloudy Peuver, Colo 0 0 Cloudy Des Moinea, la 60 4S .52 Rain Pulnth K .16 O Clear El Paso. Tex f2 ,Vi o Clear Galveston. Tex 74 fis o Clear Havre, Mont 44 0 Fair Jacksonville Fla... 70 fit 0 Clear Little Rock. Ark... 7S CJ O Cloudy Los Angeles fiS S4 O Cloudy New Orleans. La.. 70 r.2 O Clear New York, K. Y... 0 50 O Clear N. Platte, N;b : 32 0 Clear Oklahoma. Okla.... 0 S2 0 Clear rhoenix, Ariz 94 50 0 Clear Pittsburgh, l"a 00 50 O Cloudy Portland, Ore.: 2 40 O Cloudy St. Louis. Mo 72 5fl .52 Clear St. Paul. Miifn oS 44 O CloudT Salt Lake, Ctah 04 R0 O Cloudy San Franeisco .... 50 44 O Cloudy Sault Ste. Marie.... 3S . 30 0 Clear Sheridan, Wyo 42 34 .04 Cloudy Spokane, Waah.... fin 40 0 Clear Tampa, Fla 06 62 .SO Cloudy Toledo. Obio 2 40 .02 Rain Washington. D. C. 70 54 T Rain Winnipeg, Man... 52 26 0 Clear IRISH CONTINUE BATTLES. Several Hurt in Third Demonstration at Wormwood Scrubbs Jail. London, April 30. Several persons were Injured M front of the Worm wood Scrubbs jafl last night when po lice dispersed Sinn Fein and anti-Sinn Fein demonstrators. The Irish sympathizers started their third protest demonstration against the government s refusal to tree nun eer striking Sinn Feiners, early in tri evening. A few minutes later, the anti-Irish arrived and the fight was on. Clubs and stones were used freely until mounted police cleared the com mons. Several women were among the injured. ITS MOVING DATT FOR CHI. KANSAS WEATHER REPORT. For twenty-four hours 'ending T A. m. Friday. Stations High. Low. Prec. Roadg Anthony S4 40 0 Oood Coldwater ........ Stf 42- O Good Concordia 72 40 O ood Podge City '. 7 - 40 0 Fair Dresden 04 32 0 Rough Emporia ...... -80 42' .52 Muddy Eureka SO 4S O ;ood Ft. Scott 7S 50 .00 Fair Oarden City 7S .30 o Fair oogiand H 32 0 Fair Hanover 72 40 .10 Fair Hays 72 " 40 0 Fair Horton 74 44 .02 Fair Hutchinson RS 38 0 Rough Tola 7S 50 O Fair Lawrence 78 4fi .18 Good Liberal fe2 3S 0 Oood McPherson SO 44 0 Fair Macksville S2 40 0 Rough Manhattan 78 40 .2 Muddv Philllpsburg S 3S .04 Rough Scott City 74 34 0 Oood Sedan 0 4R T Rough TOPEKA 70 4S .22 Fair Wichita 7S 40 .10 Rough Kansas City ..... 70 4S .02 Oood St. Joseph v74 GO .02 Good Deadlocked Two Months Over Hard Coal Wage Scale Committee Moves. New York, April SO. Deadlocked after almost two months negotiations, the sub-scale committee of operators and miners of the anthracite coal in dustry will leave here today to resume their sessions in Washington with Sec retary of Labor w. B. Wilson. The removal of the conference which is attempting to draw a new wage and working agreement for the hard coal miners to the office of the secretary of labor came at the re quest of Secretary Wilson. TODAY'S MARKET REPORTS Cbicaeo. Anrll SO-WTTEAT TVet weather llkkely to delay farm work led to upturns in the price of corn today. Bullish esti mates of the winter wheat crop together with talk of a possible return to war bread tended also to lift the corn market. Open ing quotations which ranged from Cc to 2c hipher. with May 1.734 to $1.744 and July $1.62 to 1.C344, were followed by ?omethinf? of a reaction, but then by a fresh advanw. Subfieo'iently. month end eoTerinir on the part of unlicensed aborts proved more than an offset for the bearish Influence of stock market weakness, and rnshed the price of May delivery op swiftly at the last. Closing quotations were unsettled. 2c to 5Vc net hiprher, with May $1.77 to $1.78 and July $1.3 to $1.0ft. oa is oats naa an upwarn siant wiru corn. After opening- unchanged to Vc higher, including July at SSV4c to the market sagged a little and then hard ened again. at the dull opening of today's stock? market. tomorrows recess, wun us iwdumui uncertainties Impelling further selllnff. Crucible steel, minus Its stock dividend was the feature, failing 9A points to 14a Losses of 1 to 2',4 points accompanied the earlv dealings In American tobacco. United fruit, bide and leather preferred and Cbatv. dler motor, Reading. Southern Pacific, Baldwin locomotive and several of the oils showed moderate improvement but United states steel soon declined a, substantial fraction on renewed pressure. Pooled stocks continued to be offered during" the morning but standard b ha res indicated moderate support, an early rally in oils, steels, equipments and motors ex tended from 1 to 7 points. Rails also im proved on a demand for Reading, Southern Pacific, Texas aud Pacific and Chicago Northwestern. Much if not all of this gain was cancelled before noon, when (leneral Motors, American Woolen, Corn Products. Industrial alcohol and oils were subjected to greater pressure. Call money opened at 8 per cent, but it was generally expected that the rate would advance later. Liberty HWs at 92.40 and first 4 a at &4.80 were at new low reoorns. Money became the overshadowing issue later, call money raising to 12 per cent, T here had been irregula r recoveries In steel, equipments, motors and oils, but the market soon lapsed into Its previous state of heaviness, shippings also reacting sharp ly. New York Liberty Bond Market. New York. April C0. Prices liberty bonds 11:45 a. m.: 92.32; first 4's, 84.80: second 4's, 65.32: first 44's. 8-".R8: second 4H'k. 85.32: third R9.9S: fourth W. 8.".M; Victory 3i's, 96.50; Victory 44's( Morning Grain Market. (Furnished by B. C. Christopher & Co.t Thicago, April 00. Tribune: Fears of financial loss and increasing labor troubles make cash handlers and speculators nervous and create a bearish feeling, as in the past they have checked bullish opera tions and caused lower prices thru liquida tion. At present there is no pressure of the cash grain to be cared for in a tight money market at the market's terminal. Conditions are against new bullish op- f in uuun uii n in i kg ot air, iuu nu , corn, oats and barley congested, and bold- j ers showing no disposition to sell, the . shorts in May are in a precarious position, t Eastern houses boucht Mar oats and sold I Julv vesterday at in cents difference. Number 1 end 2 White oata sold in the sample mnrket here at $1.09H&$1-10 a new record. Chicaso Is the highest barley market in the -country and grain is being attracted here from all sections. Th- winter wheat crop this year will be from 130 to 175.000, 000 bushels short of the normal pre-war crop, according to estimates obtained yes terday, v B. W. Snow estimates the seasonal d ficiencv based on pre-war business at about 130.000.000 bushels but says given a normal supply of spring wheat we can make our domestic requirements and ex port about 200 or 150,000,000. Chicago Livestock Market. Chicago. April SO. CATTLE Receipts 9.000. Beef steers, weak to lower; early FROVISIONS-Provisions averaged low- j sales. it , j 23c lower, with bet dullest; ennners and oaKes, weafc; must veaiers, nijwjij.-u er. Chicago Grain and Provial.n Market. Tbe range of Drit-os on crain futures on Ohlc.iso Poarl of Trade aa reported by Empire (.ommisaion to.i Chicago, April 30. Close ODen Hich Low loday tu CORN July ..lOSii IfS'i ltiiW. ' JfliV .136 6 91 88 S7?i So. 10 34.75 35.05 35.05 .00 3S.40 3T.00 se.Bj Bnt They Are Moving Into. Storage Warehouses. Not Homes. Chicago, April 30. Chicago broke up housekeeping today. Instead of the usual May 1 move from one nome to another, tho, the majority of families' stored their furnishings, according to W. C. Reebie, head of one ot Chi cago's largest storage houses. "The high rentals being charged ana scarcity of residences has caused thousands of families to store their goods." Reebie said. "People who are putting furnishings In storage are moving into furnished flats and ho tels," he added. He Sold $U000 Check for $60 Arrived in K. C. Too I .ate for Bank. Victim on Time at Cashier's Wln v dor, But Too I .ate to Collect. Kansas City. Mo.. April 30. "Here, hold this baby ". But, it was a check this time. A "merchandise auctioneer. " styling himself "D. B. Ward." hypothecated a check for $1,000 for 60 with Christo pher Babbitt of Reindeer, Tex.. at Union station last night. "Ward" had arrived too late to go to the bank and was to motor to a hotel with his grips, then return and re claim the check. Police said "Ward's" last victim re ceived a check for- $1,800 for $20. signed by the same firm of "M. M. Mumm company." If you use 'Red Cross Ball Blue in your laundry, you will not be trou bled by those tiny rust spots, often caused by inferior bluing. Try it and Bee. Advertisement. Stage of river at Topeka, 7.2 feet. Ml ST PAX BACK MUXIOX. Had Been Collecting Taxes From In dians Supreme Court Makes Order. Oklahoma City, April SO. More than half the counties in the eastern section of Oklahoma will have to pay nearly $1,000,000 back taxes to mem bers of the five civilized Indian tribes under a recent United States supreme court decision, according to George Broadwell, bond dealer, and plaintiff for the Indians here. The lands granted Indians were un taxable, by terms of treaties, but after the passage of the Curtis act in 1906 permitting Indians of less than half blood to transact their own business the state decided their property was taxable. The taxes were paid by the Indians in four years, from 1908 thru 1911, and the matter taken to the courts. CONFESSION SAVED THEM. Two 'Weeks Reprieve From Electric nair Granted by Governor. Ossining. N. T., April 30. Four men who were to have been electro cuted last night for the murder of a ticket agent were granted a two weeks' reprieve by Governor Smith shortly before they were to enter the electric chair. The reprieve was granted on rec ommendation of Supreme- Court Jus tice Mitchell, who presided at the trial. following a confession made by Joseph Milano, one of the quartet, in which he assumed full responsibility for the crime. The confession made by Milano will be used in an application for a new trial for the other three men. St. Louis Dailies Hike Price. St. Louis. April 30. All daily morn ing and evening St. Louis newspapers will increase street prices from 2 to 3 cents week days and from 5 to 10 cents for Sunday editions, they announced today. JIMMY O'MALLEY WINS Boy of 16 Able Only to Move Hca-J and Two Fingers Victor in Army Essay Contest. Sent. OATS Mav -.100 POUK Mav ."4. i .- JnlT . -3fi.40 LAUD Mrt jv.o- - .TulV ..20.50 20.70 20.35 i0.70 20.40 RIBS Mav . .17.45 7.7r 17. W li.'ill li.MI July ..18.32 IS. 70 18.30 18.65 IS. 42 Kansas City Grain Market. (The range of prieej on grain fatniea on Kansas 'ltv Board of Trade as reported by Empire Commission Co.) Kansas City, April 30. Close Opea Hich Low Today yes. COKN Mav ..lfit Ififiifc ma1 .TulV ..10 162 10014 l--'i 1W Sept. ..153?t 1555 lo3?s 1555s 133)4 OATS Mav ...100 lfl0-"4 100 100 July .. 878 88? 88&" 88-s 8V4 Kansas City Grain and Produce Market. Kansas City, April 30. WHEAT Cash: Market unchanged. No. 1 hard. $2.87fu 2.92 ; No, 2. $2.842.91; No. 1 red, $2.84; No. 2, $2.fci32.S4. CORN Market 1c higher. No. 2 mixed. $1.70-ftl.71; No. 3, 1.69; No. 2 white, $1.7:: 1.74; No. 3, $1.70(31.72; No. 2 yellow, $1.75(a, 1.76: No. 3. $1.75. OATH Market lc higher. No. 2 white, $1.0714 : No. 2 mixed, $l.061.0T ; No. 2 red, $1.05-n 1.00. BYE $2.05. KAFIR AND MILO MAIZE $2.3S2.45. HAY Market unchanged. SHOUTS $2.9Oft?3.00. BK AN $2.60(3 2.05. WHKAT Receipts 63 car. EGGS Current receipts i0c lower per cose, firsts, zu-e lower, 40c. BUTTER Market unchanged. POULTRY Market unchanged. POTATOES Market steady. $7.00(87.75. CORN Close: May. $1.66- ; July, $1.02?4; September, $l.S5g. - New York Produce Market. Nw York. April 30. BUTTER Market weaK. - creamery Higher tnan extras, lib1,? l&u.c. EGGS Market trrenrular. Storage pack ed, extra firsts. 47!,48e. CHEESE Market irregular. State whole mui-. riats, nem specials, wntte ana color ed. 304310. POULTRY Alive,' steady; dressed. steady. New York hujar Market. New York, April SO. SUGAR Rsw. firm: centrifugal. 10.50: refined, firm; fine Eranulated. I i.oom -'i.uw. Futures were easier under liquidation and at mUlday were o to 15 points below tbe Tina a or last nlirht. Sna-ar futures closed steady. Salea. 2.- ;o tona. May. July, is.15; Septem ber, i?.zo; January, lo.w. New Tork Cotton Market. New York. April 30. COTTON Spot, quiet; middling. 41.. New Orleans Cotton Market, New Orleans. April SO. COTTON Spot, quiet ana uncnangea. Aiiaaung, i.o. New Tork Money Market. New York. April 30. MONEY Mercan tile paper, faurtil oeh ceut. Exchange, weak. SterliDgg. 00 day bills. 3.79; com mercial, 60 day bills on banks, 3.79; com mercial. o day bills, y.iSV.: demand. 3.8.1"4 ; cables, 3.84. Francs, demand, 10.70; cables, 16.66. Belgian francs demand, 15.62; cables, 15.60. Marks, demsnd, 1.74; cables. 1.75. Government bonds, weak ; rsilroad bonds, heavy. Time loans, strong; 60 days and 6 months. 8. Csll mouev. stronc: biirh. 13: low. 8: ruling rate. R; closing bid 14: offered at 15: last loan, 15. Bank acceptances, 6 per cent- New Tark Stark Market, Wall St.. New York, April 30. STOCKS i.ne trena ot prices was aownwara again feeders, ateariv. HOGS Receipts 24.000. Market steady to 20c lower. Lights, declining most: top, $15.00; bulk HghtR. $15.25(& 15.50: bulk 250 pounds and over, $13.S5cf? 14.00 : pigs, lower. SHEEP Receipts 6,000. Firsts sales, steady; prime 87 pound ahorn lambs, $18.10 Kansas City Livestock Market. Kansas City, April 30. HOGS Receipts 2.400. Lights snd mediums, steady: top, $14.65: heavy, slow and weak; hoik lights and mediums, $14.0014.0 ; bulk heavies, $13.50J 14.00. , CATTLE Receipts 1,400. No native beef steers on sale; southern steers, steady; top. $11.50; bulk of sales, $10.2510.50: yearlings, steady to 25 lower; top, $13.75; bulk of sales. $11.50ig 13.00; other stock, steady : top veal, $15.20. SHEEP Receipts 2.000. Market slow. Wool lambs, $19.20; Texas wethers, un sold. Kansas City Livestock Market. (The foiinwinr sales wera made this morn ing at the Stock Yards, Kansas City and reported over long distance teiepnone di rect to the State Journal by Clay Robin son & Co., lire stock commission mer- cuants.j Kansss City,- April 30. CATTLE Re ceipts 1.200 heartT Market steady. HOGS Receipts 2.400 head. Market steady. Bulk of sales, 13.75(214.50; top, $14.65. shekf Receipts z,uoo nesa. , Msrxei steady. KILLING STEERS. No. yrt. PrieelNo. Wt: Price 12 1140 $11.00 9 1210 $12.00 COWS AND HEIFERS. 4 10R0 10.75 I 940 9.2-7 6 74 8.00 I 2 1000 9.50 2 0S0 10.50 I STOCKERS AND FEEDERS. Chrrjago. April SO. Jimmie O'Mal ley. age 16, able to move only two fingers and his head because of pa ralysis, today received the war de partment's silver tup for writing the best essay on "what the army has to offer to a young man." The cup, together with another from a local bank, a gold watch from the Fort Sheridan "Recall," $100 from the Knights of Columbus, were presented by Colonel Jackson, a mem ber of Maj. Gen. Leonard Wood's staff. The presentation, took place in the Spaulding school, where Jimmie and 400 other cripples, most of them like O'Malley confined to wheel chairs, are educated. - 14 780 4 11..... 72 SO 60 210 360 194 ISO 240 .00 I CALVES. 12.00 I 1.. 10.00 I HOGS. 14.75 I tlO 2tR 14.50 ( 70 241 14.20 91 286 100 12.00 1460 14..V) 13.90 Topeka Market Report. (Fnrnlabed by Chas. Wolff Packing Co.! Topeka, Kan., April 30. DOOtt MIXED AND BUTCHERS. .. .$ ll.0Ofirt3.SO HEAVV , 11.0OW14.4O LIGHT ll.wai4.O0 PIGS Il.004fl3.00 CHOICE PACKING STOCK. . 10.00(jll.25 Cannot use rough unfinished bogs for packing purposes. Will base to buy at stock prices. Topeka Poultry and Eggs. (Furnished by the Topeka Packing Co.) Topeka. Kan., April 30. Old roosters, 13c; young roosters, 13c; hens, all sizes. 28c. FOR PROMPT RELIEF TAKE I 2 TABLETS WITH WATER g ACC& I GENUINE ASPIRIN H TRACK MAM Oi7aal0 PACKED AIRTIGHT 1 TO INSURE I FULL MEDICINAL VALUE ALWAYS STOCK SHIPPERS To Incure Yourself Best Results Consign to CLAY, ROBINSON & CO. Live Stock Commission Merchants, Slock Yards, Kan. City Vc Al o Have Our Own Offices at Cittcaco. So. St. oxeph. So. Omaha, Denver. Sioux City. So. fct. Paul, E. Buffalo, C St. Louis, Fart ttortii and U raso. We Offer Subject to Prior Sale $100,000.00 Long Oil Company A Kansas Corporation organized for the sale of Petroleum Products. a o Cumulative Preferred Stock Par Value $100.00 Per Share History This Company was organized in 1917 with a Capital Stock of $25,000.00. This was later increased to $50,000.00. All of the present holdings of the Company at Manhattan, Topeka, Wamego, Atchison, Randolph and Chapman, besides the in crease in stock, were paid for out of the earnings of the Company. Purpose Proceeds of this issue will be applied to add to equipment, warehouse and storage room at Topeka, Manhattan and Atchison. Security The earnings since organization, after deducting depreciation, taxes, etc., have been three times amount of interest re-. quirements of this issue. Net assets over two times amount of this issue of stock. This stock is preferred as to dividends, assets and redemption privilege over common stock. Income Dividends payable semi-annually. Price 4 $100.00 per share, yielding 7. From information on hand and ur in vestigation, of statements made, we can recommend this investment as high class. Many prominent Topeka people are in terested in this company. Subscription1 books for this stock will be open for a limited time. 1 i For detailed information, see or write Kansas Reserve Investment Co. 824 Kansas Are.