Indiana daily times. [volume], June 28, 1921, Last Home Edition, Page 10, Image 10

About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922

Image provided by: Indiana State Library

                
10
STOCK MARKET
CLOSES STEADY
Leading Issues Move Up From
Early Low Levels.
NEW TORK. June 28.—The market l
closed steady today, most of the leading
issues moving up sharply from the
levels of the afternoon.
The steel issues made the greatest
gains. United States Steel advancing to
74%. Crucible to 57*4, Baldwin to 68*4
and Republic to 45%.
A better tone was shown in the rail
road shares. Reading selling at 65% and
Sonthern I’aclfle "2%.
Mexican Petroleum, after being forced
down to 110%, rose sharply to 115, fol
lowed by a drop to 114%.
General Asphalt, after falling to 33%,
rose to 54, and United States Rubber re
covered nearly 3 points to 52%.
Studebaker moved up over 1 point to
7474.
Total sales of stock were 562,50 C
shares; bonds, $11,166,000.
—June 28—
(By Thomson & McKinnon.)
There 'was an entire absence of uni
formity in today’s stock market. Indi
vidual stocks moved in opposite direc
tions. The market in general was alter
nately weak and strong. The business
was moderate and there was perhaps a
greater percentage of professional trad
ing than heretofore.
At the opening there was an appear
ance of strength, with quotations as a
rule higher, but there immediately fol
lowed a selling wave with recessions in
values. It was noticeable in this selling
that while it was mainly professional,
there was some of it that looked like
liquidation of long stocks. This was
true of Harvester. United States Rubber
and Sears-Roebuck, and later in the day
American Sugar.
In local professional circles the senti
ment was again bearish, and there is a
freneral disposition to anticipate further
iquldation. It is therefore of great sig
nificance to note the tendency of tne
market toward dullness. This is sig
nificant because it suggests the thought
that liquidation has probably run its
course, and if so, the question naturally
arises, “Are we to have an immediate
recovery in values ?”
A recovery to have the quality of per
mancy must be based on business. There
is no big business in sight at the mo
ment. We therefore do not anticipate
any violent price changes, but we do
feel that the market is in excellent po
sition to improvement, no matter when
it may come.
TWENTY STOCKS AVERAGE.
NEW YORK, June 28—Twenty indus
trial stocks Monday averaged 67.03. off
132 per cent. Twenty active rails aver
aged 68, off .80 per cent.
CLEARING HOCSE STATEMENT.
NEW YORK. June 28.—Exchanges
$629.-100.000; balance. $49,100,000; Federal
Reserve Bank credit balance, $41.3X1.000.
Money and Exchange
Indianapolis bark clearings Tuesday
were $2,070,000, against $2,363,000 for
Tuesday of the week before.
NEW YORK, June 28.—Foreign ex
changed opened strong today, with de
mand sterling %c higher at $3.78%.
Francs rose 3 centimes to B.oßc for ca
bles and 8.07 c for checks. Eire cables
were 4.94 c; checks. 4.93 c. Belgian francs
yielded 1 centime to 8.04 c for cables and
8.03 c for checks. Guilder cables were
33.15 c: checks, 33.13 c. Sweden kronen
cables were 22.40 c; checks, 22.35 c. Marks
were 1.36 c.
NEW YORK CALL MONEY.
NEW YORK. June 28. —Money: Call
money ruled 5 per cent: high, 5% per
cent: low. 5 per cent. Time rates, steady.
Time mercantile paper, steady. Sterltnz
exchange steady with business in
bankers' bills at $3.75% for demand.
MOTOR SECURITIES.
(Bj Thomson & McKinnon.)
—June 28—
—Opening—
Bid. Ask.
Briscoe 8% 9%
Chalmers com 1 1%
Packard com 6% 7
Packard pfd 60 65
Chevrolet 100 400
Peerless 23 25
Continental Motors com 5 5%
Conitnental Motors pfd 79 81
Hupp com 10 11
Hupp pfd. 90 95
Reo Motor Car 17% 17%
Elgin Motors 4% 5
Grant Motors 2% 2%
Ford of Canada 240 250
United Motors 30 oo
National Motors 6 9
Federal Truck 15 17
Paige Motors 13 14
Republic Truck 12 14
ACTIVE OIL. STOCKS.
—June 28—
—Opening -
Bid. Ask.
Anglo-American Oil 15$ 16
Atlantic Lohos 14 16
Borne-Serymser 350 375
Buckeye Pipe Line 72 74
Chosehrough Mfg. Cons 150 >CO
Cliesebrough Mfg. Cons. pfd.. 96 100
Cont. Oil Colorado IUO 105
Cosden Oil and Gas 5A4 6%
Crescent Pipe Line 26 28
Cumberland Pipe Line 110 120
Elk Basin Pete 5% 5%
Eureka Pipe Line 78 80
Galena-Signal Oil pfd 68 92
Galena-Signal Oil com 32 35
Illinois Pipe Line 14.8 130
Indiana Pipe Line 70 72
Merritt Oil 7 7%
Midwest Oil 2% 3%
Midwest Refining 124 126
National Transit 22 23
New York Transit 115 125
Northern Pipe Line 86 190
Ohio Oil 23.8 242
Penn.-.Vlex 20 25
Prairie Oil and Gas 390 400
Prairie Pipe Line 163 166
Sapulpa Refining 2% 3%
Solar Refining 330 , 350
Southern Pipe Line 75 J 80
Sonth Penn Oil 155 160
Southwest Penn. Pipe Lines. 50 55
Standard Oil Cos. of Cal ... 68 69
Stii. ir.l Oil Cos. of 1nd.... 62% 62%
Standard Oil Cos. of Kan.... 530 550
Standard Oil Cos. of Ky 375 390
Standard OH Cos. of N'eb 130 140
Standard Oil Cos. of N. Y 300 394
Standard Oil Ctw of Ohio ... 330 350
Swan Jfe Finch 25 35
Vacuum Oil 248 253
Washington Oi! 28 32
NEW YORK CIRB.
(By Thomson & McKinnon)
—June 28—
Closing
Bid. Ask.
Cnrtis Aero com 2% 3%
Curtis Aero pfd 10 20
Texas Chief 6 12
First National Copper... % 1 %
Goldfield Con 6 8
Havana Tobacco 1 1%
Havana Tobacco pfd.... 4 6
Central Teresa 1 2
Jumbo Extension 4 6
International Petroleum. 12% 13
Nipissing 4% 4%
Standard Motors 5 7
Salt ('reek 22 32
Tonopah Extension 1 7-16 1%
Tonopah Min ng 114 1 5-16
Cnked P S new 1% 1%
I’. S. Light and Heat.... 1 1%
I*. S. Light & Heat pfd.. 1% 2%
Wright Aero 6 8
World Film 1-16 3-16
Yukon (old Mine C 0.... % 1%
Jerome 25 30
New Cornelia 13 16
United Verde 21 24
Omar Oil 1% 1%
Republic Tire % %
CHICAGO STOCKS.
(By Thomson & McKinnon.)
—June 28—
Armour Leather 12%
Carbide & C.... 40% 41% 40% 41
Libby 7% 7% 7% 7%
Mont.-Ward 17% 17% 17% 17%
National Leather 6% 6% 6% 6" .
Stewart-Warner 23%
Swift & Cos 90% 90% 90 '9%
Swift Inter. ... 23 23% 23 23%
OIL TRICES REDUCED.
PITTSBURGH. June 28.—The J -seph
Seep Agency. Standard Oil pure'asers.
today announced reductions in pr ?es of
the six best grades of crude oil Penn
sylvania was reduced 25 cents e barrel
to *2.25. Three grades were cut i> cents
a barrel, new prices being: Corning.
*1.20; Cal ell. sl.ll. and heavy,
90c. Somerset light was < aflMgaents to
*1; Ragland Is cut 15 cents These
prices will at the w
N. Y. Stock Price*
—June 27 Prev
High. Low. Close. Close.
Allied Chem.... 38 3737% 38
Ajax Rubber.... 38 37 % 37% 38
Allis-Chalmers . 3174 30% 30% 30%
Am. Agricul 37% 36 % 39% 37%
Am. Beet Sugar 29 27 % 27% 29%
Am. Bosch Mag. 34 34 34 35%
Am. Car & Fdy.120% 119% 119% 120%
Am. Can 26% 25% 25% 26%
Am. H.&L. pfd. 49 49 49 49
Am. Drug 4% 4% 4%
Am. Int. Corp.. 34 32% 32% 33%
Am. Linseed.... 23% 23% 23%
Am. L0c0m0.... 78% 78% 78% 78%
Am. Sm. & Ref. 37% 35% 35% 35%
Am. Sug. Ref.. 74 71% 71% 74%
Am. Sum Tob.. 53% 52 52 52%
Am. Tel. A Tel. 102% 102% 102% 102%
Am. Tobacco... 119% 119 119 119%
Am. W001en.... 70 67 % 68% 69%
Atl. Coast Line. 84% 84% 84% 8474
Anaconda 51. Cos 37% 36% 36% 37%
Atchison 79% 78% 787s 7874
Atl. G. &W. I. 25% 23% 23% 24%
Baldwin L0c0... 69% 66% 66% 69%
B. & 0 36% 35% 35% 36
Beth. Steel (B). 47 44% 41% 45%
California Pete. 40 37% 37% 35
Can. P*c. Ry... 105% 107% 107% 108
Cent. Leather... 35 3474 3474 35
Chandler Motors 53% 51 52 51%
C. & 0 50% 49% 4974 49%
C., M. & St P. 25% 24% 25 2574
C., M. & St.P. p. 37% 36% 36% 37%
Chi. & Northw. 62% 61% 6274 62%
C.. R. I. A Pae. 3074 28% 28% 29%
C..R.I.AP. 6% p. 61 60 60 60
C..R I &P. 7% P 71 71 71 71
Chili Copper.... 10% 10% 10% 10%
Chino Copper ... 23 22 % 22% 22
Coca Cola 30% 28% 29 30%
Columbia Gas... 58 55 55% 5574
Col. Graph 474 *% 4% 3%
Con. Gas 85% 85% 8574 55%
Cosden Oil 30% 29 20 30
Corn Products .. 66% 04% 64% 60
Crucible St-el .. 5774 55 55% 57
Cuban Am. 5... 14T4 14 14 145$
Cuba Cane Sugar 9% 8% 874 9%
Dome Mines.... 16% 10% 10% 16
Endicott 57% 55% 55% 57
Erie Ist pfd 18 18 18 17%
Famous Players 60 56% 57% 59
Fisk Rubber Cos. 13% 12% 12% 13
Gen. Asphalt 55% 52% 52% 5-1
Gen. Cigars 54% 54% 54% ....
Gen. Electric.... 127% 127 127 127
Gen. Motors ... 10 9% 10 9%
Goodrich 30 29% 30 31V*
Gt. Northern pfd 85% 64% 647a 0574
Gt. North. Ore.. 27 27 27 26%
Gulf States S.. 30 30 30
Houston Oil 53 51% 51% 55"
Illinois Central.. 89 88% 88% 89%
Inspiration Cop. 32% 32% 32% 32%
Inter. Corp 3% 3% 3% 3%
Invincible Oil . 41% 1174 1174 117a
Inter. Harvester 84 82 82 83
Inter. Nickel 13% 13% 13% 13%
Inter. Paper 52% 47% 50 52%
Island Oil A T.. 3% 33% 3%
Kan. City South. 25 24 % 24% 24%
Kelly-Spring. T. 37% 35% 35% 37%
Kenneeott Cop.. 18% 18% 1814 18%
Lackawanna S.. 36% 35% 35% 36
Lehigh Valley.. 48% 48 48 49
Lee Tire 26% 26% 26% 26%
Loews, Inc 1074 10% 10% 11
L AN 108 108 108 108
Marine com 10% 10% 10% 10
Marine pfd 47% 46% 46% 46%
Mexican Tete 11874 112 112% 117%
Miami Copper... 21 20% 20% 20
Mid. Sts. 0i1... 11% 1074 10% 11%
Midvale Steel.. 23 23 23 2274
Mo. Pacific 19%% 18% 18% 18%
Mo. Pacific pfd.. 38% 37% 37% 37%
Nat. En. A Stp. 4474 43 43 45
National Lead.. 74% 74% 74%
Nev. Con Cop.. 11 10% 10% 11%
N. Y. Central... 6874 07% 67% 68
New Haven 18% 16% 16% 17%
Norf. A West... 92 91 91 93%
Northern Pac... 69% 67% 67% 68%
Okl Pro A Ref. 2 174 1% 1%
Pacific Oil 35 34 34 % 33
Pan Am Pete.. 50% 48 48 50%
Penna. Ry 33% .33 33 33%
People's Gas 51% 49% 49% 50%
Pierce-Arrow... 19% 16V* 17% 19%
Pierre Marquette 18% 18 IS 18
Pittsburgh Coal. 55 55 55 56%
Prst Steel Car. 63% 65% 65% 65%
Ry. Steel Spgs. 74 74 74 75%
Pure Oil 26% 26 26 26
Reading . 60% 63% 63% 651*
Rep. Irn A Steel 45 43% 43% 45%
Replogle Steel.. 20% 20% 20%
R. D. N. Y 52% 51% 52% 51%
Sears-Roet uck.. 71 66% 67% 71
Sinclair 21 20% 20% 21
So. Pacific 72% 71 71 72%
Southern Ry 19% 18% 19 1974
St. L. A S.W.Ry. 22% 22 22 20
Stand. Oil N. J. 185% 185% 135% 135
St. L. A S.F.com 22% 21% 21% 2274
Strom. Carb 31% 31 31 33
Studebaker 75 72 % 72% 73%
Texas Cos 33% 32% 32% 33%
Texas A Tac... 21% 21% 21% 21%
Tob. Prods 54 53 % 5374 54
Trans Oil 8 7% 8 7%
Union Oil 19% 1874 18% 19
I Union Pacific ...11574 -U4% 114% 115%
U. R. Stores 54% 5374 53% 54
U. S. F. P. Corp. 17% 16 17 17%
U. Fruit Cos. ...107% 106 106% 107
United Drug.... 84 84 84 85
U.S.lndus. Alco. 54 51% 51% 52%
U. S. Rutber.... 5574 51% 51% 55
C. S. Steel 73% 72% 72% 73%
U. S Steel pfd.lo6 105% 105% 10-5%
Utah Copper 48% 47% 47% 48%
Van. Steel 28 27 27% 28%
Vlr-Car. Chem.. 24% 24% 24% 25
Wabash 7% 7% 7% 7%
Wabash lat pfd. 20% 20 20 20%
White 0i1...... 9% 0% 914
West. Electric.. 44 44 44 44%
White Motors.. 30% 90 30 29%
W-Overland 7 6% 6% 6%
NEW YORK LIBERTY BONDS.
—June 2S— Prev.
High. Low. Close close
Liberty 3%s 87.50 87.00 87.00 87.62
Liberty 2nd 4s 86 64
Liberty Ist 4%s . 87.30 87.14 87.30 87 20
Liberty 2nd 4%s 86 76 86 68 86 70 86 74
Liberty 3rd 4%s 91.28 90 92 91.00 91.20
Liberty 4th 474s 86 90 86.80 86.84 80.84
Victory 3%8 98 44 08.40 98.40 98.46
Victory 4%s 98.44 98.38 98.42 98.44
In the Cotton Market
|
NEW TORK. Juno 28.—The settlement
of the British coal miners' strike Im
parted a firm tone to both Liverpool and
local markets at the opening of the
cotton market today.
First prices here showed net advances
of 11 to 19 points and the upturn was
attended by support from local traders
and Wall street, as well as by purchasers
of Japanese accounts.
Liverpool gold July, but bought October
aim Gntiiriry
The chief selling was by the South
and most.) In late months
Trade continued active after the start
and at the end of the first fifteen
minutes the list was about 21 points
net higher.
New York opening cotton: July, 11.40 c;
October, 12.30 c; December, 12.82 c;
January, 12.92 c; March, 13.34 c; May, 13.-
60c.
The market was steady in the late
dealings, closing at a net advance of 17
to 30 points.
LIVERPOOL. June 2S.—Spot cotton
was quiet at the opening of business
today. Prices were irregular and sales
clase to 4,000 bales.
American middlings fair, 10.21d; good
middlings, 8.31d; full middlings, 7.91d;
middlings. 7.31d; low middlings, 6.31d;
good ordinary, 5.06d; ordinary, 4.31d.
Futures opened quiet.
NEW YORK COTTON FUTURES.
(By Thomson A- McKinnon)
—June 28—
Open. High. Low Close.
January 12.94 13.05 12 90 12.94
March 13 34 13.40 13.32 13.33
May 13.60 13 76 13.60 13.60
July 11 40 11 73 11.40 11 65
October 12.30 12.55 12.30 12.40
December 12.82 13 00 12 81 12 85
NEW YORK RAAV SUGAR.
NEW YORK. June 28. Raw sugar
was quieter on the market here today,
Porto Ricos selling at 4c per pound.
NEW YORK REFINED SUGAR.
NEW YORK, June 28.-Retin <1 sugar
was unsettled on the market here today,
v';h fine granulated quoted at 5.40®
".oOc per pound.
NEW YORK RICE.
NEAT’ YORK, June 28.—Iiice was steady
in the market here today* domestic sell
ing at 2%®6%c per pound.
NEW YORK COFFEE.
NEW TORK, June 28.—Coffee was ehsy
on the market here today, opening op
tions being 4 to 5 points lower. Rio No
7 on spot sold at o%c a pound.
NEW YORK HIDES.
NEW YORK. June 28.—Hide prices
were barely steady on the market here
today, with native steer hides selling a)
13® 13%c and branded steer hides at 12
® 13c per pound.
LIGHT SWINE
10 CENTS HIGHER
Extreme Dullness Hits Cattle
Mart —Sheep Lower.
RANGE OF HOG PRICES.
Good Good Good
June Mixed. Heavy. L’aht.
22. *8.75 *8.75 *8.70® B.So
23. 8.75 8.55® 8.75 8.75
24. 875 8.65® 8.7a 8.75® 8.90
25. 8 90® 9.00 890 9.00
27. 885 8.76® 8.85 B.Bo@ 8.90
28. 8.85® 8.90 8.75 8.90® 9.00
Prices of swine were steady to 10 cents
nigher on the local live stock exchange
today, with 11.000 receipts and a good
demand bv both local packers and
shippers with eastern house connections.
Trade was active and practically all of
the good hugs were sold before the close
of the lorenoon hours.
Local packers took about half the re
ceipts end shippers practically the re
mainder ...
Light hogs sold f t a top of $9. v hre the
bn k of that grade sold at $8 90® i). Mixed
and mediums brought $8.50®8.90 and the
few heavy hogs that were on the market
$8.75(9.8.80.
Pigs sold at $8.75 and down and roughs
at $7.75 and down.
The bulk of sales for the day ran
$8.75<g5.90.
There was an extremely dull tone to
trade on the cattle market and prices
were barely steady to 25 cents lower gen
erally, although there were a very few
sales of extra good cattle at slightly
stronger prices. Bu’ls were about steady.
There was little demand for canners and
cutters.
Receipts for the day were light at close
to 500 cattle.
Veal prices were slow, steady today to
50 cents lower, with the bulk of the sales
of choice veals at $8 and a few sales 01
that grade at $8.50.
Receipts were close to 800 and the mar
ket was practically a one-man affair on
the buying side.
With 1,400 sheep and lambs on the
market, prices were 50 cents lower on
sheep and $1 lower on lambs. Top lambs
sold at SB. while other grades of spring
ers sold at $4(97. Ewes brought $1.50(92.
HOGS.
Best light hogs, 160 to 200
lbs average $8.90(9 900
200 to 800 lbs 8 75® 8.00
Over 300 lbs 8.65
Sows 7 50(9 7.75
Stags 5 00® 6 00
Best pigs, under 140 lbs 8.50® 875
Bulk of sales 8.75® 9.00
CATTLE.
Prime cornfed steers. 1.000 ins
and up 7.50® 8.00
Good to choice steers, 1 200 to
1.300 lbs 6.50® 7.25
Good to choice steers, 1.100 to
1.200 lbs 6 75® 7.50
Medium steers, 1.000 to l.lou
lbs 6.50® 7.00
Common to medium steers.
800 to 1.000 lbs 5.75® 6.75
—Heifers and Cows —
Good to choice heifers 7.25® 8.00
Medium heifers 6 00® 700
Common to medium heifers . 5.25® 625
Good to choice cows 5.50® 650
Fair to medium cows 5.00® 550
Cutters 2 50® 3-80
Canners 1.75® 2 25
—Bulls—
Good to choice butcher bulls 5 00® 5.25
Bologna bulls 4.00® 475
Light to common bulls 4 00® 4 50
—Calves—
Choice veals 8 00® 850
Good veals 7.bo® 8.00
Good veals 7.00® 8.00
Lightweight veals 5.00® 6.00
Common heavyweight veals... 4.00® 5.00
Stockers and Feeders—
Good to choice steers under
800 lbs 6 25® 7 25
Medium cows 4 25® 4 50
Good cow s 4.50® 5 (XI
Good heifers 5 00® 6 00
Medium to good heifers 4 00® 5.50
Good milkers 30.00®75.00
SHEEP AND LAMBS.
Ewes 100® 2 00
Lambs 4.00® 800
Other Livestock
CHICAGO, June 28. Hogs Receipts,
28.000; market active, 15®25e up; bulk,
$8 25®8.85; butchers. $8.45® 8 SO; packers,
$7.75®8.30: lights, $8.50@8,90; pigs, $Bl5
8.05; roughs, $7.50®7.75. Cattle Re
ceipts, 6,000; market siow aud steady;
beeves, $8.25® 8.75; butchers, $4.25®5;
canners,and cutters, $2.25®3; stockers and
feeders. s4®7 1U; cows. $2 75®5.50; calves,
$7.50®9 50. Sheep Receipts. 13,000; mar
ket siow, 25c lower; lambs, sß® 10.75;
ewes, $2.50®5.
CINCINNATI, June 28 Hogs- Re
ceipts, 4,2<K>; market, steady to 10 cents
higher; heavies, SSSO®9; mixed aud me
diums, $9.10; lights and pigs. $9 25;
roughs, $7.25; stags. $5.25. Cattle —Re-
ceipts, 400; market, weak; bulls, steady;
calves, SB®S.SO. Sheep and lambs—Re
ceipts, 2,000; market, about steady.
CLEVELAND, June 28. Hugs Re
ceipts, 2,000; market 15c up; yorkers.
$9.25; mixed, $9.25; mediums, $9 25; pigs,
$9.25; roughs, $7.25; stags. $5.25. Cattle
Receipts. 300, market slow. Sheep and
hynbs— Receipts, 500; market steady;
top, sll. Calves—Receipts, 200; market
steady; top. $10.50.
PITTSBURGH, June 28. Cattle Re
ceipts fair; market, slow; choice, $0.85®
8.50: good, $8®8.50; fair, $6.75®7.25; veal
calves, slo® 10.50. Sheep and lambs—
Receipts light; market slow; prime
weathers. ss® 550; good. $4.25® 4.75;
mixed, fair, s3®4; spring lambs, slo®
10.50. Hogs Receipts light; market
steady; prime heavies. $8.70®8.80;
mediums. $9.25(99.35; heavy yorkers, $9 25
® 9.35: light yorkers, $9 25® 9.35; pigs,
$9.25®9.35; roughs, $6@7.25; stags, $4.50
®4.75.
EAST BUFFALO. June 28.—Cattle-
Receipts, 1,200; market, dull weak; ship
ping steers. $7.50®,'8.25; hi tcher grades,
s7®”-50; cow>. S2®S.GO. Calves —Receipts,
2&J: market, fairly active, bulls choice,
$4.50® 10.50. .Sheep and lambs—Receipts,
400; market, fairly active; choice lambs,
$11(9*11.50; Culls fair. $6.50® 10.75; year
lings, s*'®9; sheep. s2®6. Hogs—Re
ceipts. 1,600; market active 15®>25c up;
yorkers $9.50; pigs, $9.50; mixed. $9.40®
9.50; heavies, $9.40% roughs, $7®7.50;
stags, ss®6.
EAST ST. LOUIS, June 38.—Cattle-
Receipts, 5.5(0; market, slow, prospects
lower; native beef steers, $7.25®8; year
ling beef steers and heifers, $7.75(98.10;
cows. $3.25@5.50; stockers and feeders,
$4.00®6; calves. $9®J9.54); canners and
cutters. s2® 3 50. Hogs—Receipts, 11,(XX);
market, 15c to 20c higher; mixed and
butchers, $8.75®8.90; good heavies, $8.70
(9 8 85; rough heavies. $6 .50®7.50; lights,
$8 80®8.9 : pigs, $8 50®8.75; bulk of
pale*. $5.75®5.90. Sheep Receipts, 5,-
OOiV; market slow, prospect lower; ewes.
s3®4; iambs, s7®--0; canners and
cutters, 2®2.50.
WHOLESALE FF.EI) PRICKS.
Ton. Cwt.
Acme bran $26 00 $1.35
Acme feed 27.00 1.40
Acme midds 29 00 1.30
Acme dairy feed 37.75 1.95
E-Z dairy feed 30.50 1.55
Acme 11. A M 32.25 1-65
Acme stock feed 26.50 1.35
Cracked corn 31.00 1.60
Acme chick feed 40 25 2.05
Acme scratch 37.25 190
E-7, scratch 35.25 1.80
Acme dry mash 41.00 2.10
Acme hog feed 39 50 2.00
Homlick yellow 27.00 1.40
Rolled barley 39.25 2.00
Alfalfa mol 32.75 l.fO
Cottonseed meal 42.00 2.15
Acme chick mash 44.00 2.25
FLOUR AND MEAL.
E-Z-Rake bakers’ dour, in 9S-lb. cot
ton bags S.B 80
Corn meal, in 100-lb. cotton bags... 2.00
CHICAGO PRODUCE.
CHICAGO, June 2. —Butter—Receipts,
20,510 cases; extra firsts. 34c; firsts, 28(9
33c: packing stock, 16®17e. Eggs -Re
ceipts, 22.188 cases; current receipts,
24(9 25e; ordinary firsts, 22®23c; firsts.
25 1 -.®26c: extras, 28c; checks, 20@20%e;
dirties. 21®21%c. Cheese—Twins (new),
14c: dairies, 13%®14c; young Americas.
14® 14%c; longhorns, 20c; brick, 14%®
15c. Live poultry—Tui keys, SSc; chick
ens. 27c; springers, 40®47c; roosters.
19c; geese, tsc; ducks, 23<\
CLEVELAND PRODUCE.
CLEVELAND, June 28—Butter—Extra,
in tubs. 40%®41c: prints. 41%@42c: extra
firsts, 38%@39c: firsts. 38%@39c; sec
onds. 31%®32c ; fancy dairy. 20%@29% :
packing stock 13%®18c. Eggs—Fresh
gathered, northern extras, 31%c; extra
firsts. 29%c; Ohio firsts, new cases, 28c;
old cases. 27%®28c; western firsts, new
ases, 27c. Poultry—Live heavy fowls
28®29c; roosters, 16c ; broilers, 30®13c;
spring ducks, 30®35c.
INDIANA DAILY TIMES, TUESDAY, JUNE 28,1921.
Exchange
—June 28-
STOCKS.
Ind. Ry. & Light com 60 ...
Ind. Ry. A Light pfd (0
Indpls. A Nw. pfd ... 75
Indpls. A Southeastern pfd. ... 75
Indpls. St. Ry 40 ...
T. H. T. A Light pfd
T. 11., I. A E. pfd
U. T. of Xnd. com
U. T. of Ind. Ist pfd
U. T. of Ind. 2d pfd
Advance-Rumely com 11
Advance-Rumely pfd ...
American Central Life 235 .. s
Am. Creosoting pfd 91
Belt R. R. com 55 ...
Belt R. R. pfd 4X 50
Century Bldg. Cos. pfd 93
Cities Service C 6. com
Cities Service Cos. pfd
Citizens Gas Cos 26% •••
Dodge Mfg. Cos. pfd 89% ...
Home Brewing 48 ...
Indiana Hotel com 60 ...
Indiana Hotel pfd 90
Ind. Nat. Life Ins. Cos 4% •••
Indiana Title Guaranty 59 65
Indiana Pipe Line..,.
Indpls. Abattoir pfd 40 50
Indpls. Gas 41% ...
Indpls. Tel. Cos. com 2 ..,
Indpls. Tel. Cos. pfd 90
Mer. Pub. Util, pfd 43
Natl. Motor Car Cos 9
Public Savings Ins. Cos 4% ...
Rauh Fertilizer pfd 40 ...
Stndard Oil of Ind 61% ...
Sterling Fire Ins. Cos 8 9
Van Camp Hdw. pfd 100
Van Camp Pack, pfd 100
Van Camp Prod. Ist pfd 100
Van Camp Prod. 2d pfd 100
Vandalia Coal Cos. pfd 5% 7
Vandalia Coal cor; 3%
Wabash Ry. Cos. pfd
Wabash Ry. Cos. com
BONDS.
Broad Ripple 55... 50 ...
Citizens St. Ry. 5s ...
Ind. Coke A Gas 6s 100
Indian Creek C. & Min. 6s 100
Indpls., Col. A South, b 5.... 88 ...
Indpls. A Martinsville 5s
Indpls. A Northern 5s 41% 44
Indpls. A N. W. 5s ... 57
Indpls., Shelbyv. A S. E. ss. ... 50
Indpls. A S. E. 5s 70
Indpls. St. Ry 4s 55 65
Indph. T. A. T. 5s 68% 73
Kokomo, M A W. 5s 7*
T. H„ I. a- E. 5s 45 ...
U. T. of Ind. 6s 50 53
Citizens Gas 5s 72 78
Ind Hotel Cos. 2d 6s 93
Indpls. Gas 5s .' 72 79
Indpls. Light A Heat 55.... 75 80
Indpls. Water 4%s 65 69%
Indpls. Water 5s 86 91
Merchants Heat AL. ref. ss. 89% 94
New Tel. Ist 6s 94 ...
New Tel , Long Distance. 55.. 93% ...
Southern Ind. Power 6s 100
LIBERTY BONDS.
Liberty first 3%a B*l9o 8i 10
Liberty first 4%s 86*®* ■■■•■
Liberty second 4%s 86.48 80.80
Liberty third 4%e W.BO .....
Liberty fourth 4%s 86.64 89.90
Victory 3%s 98.18 .....
Victory 4--*s 98.24 98.40
Local Curb Market
(By Newton Todd.)
—June 28- -
Bid. Ask.
American Hominy com 14 22
Burdick Tire A Rubier l’ 3%
Capital Film Cos % 2%
Choate Oil 1 2
Columbia Fire Ins. Cos 6% 8%
Comet Auto 1% 2%
DuCsenberg Motor Car com. •. 5 10
Elgin Motor Car 4 5
Fed. Fin. Cos. com.. 125 135
Gt. Sou. F A Ref. units... 5 6
Haynes Motor com 118
Hurst A Cos. com 2 3%
Hurst A Cos. pfd 50 70
Ind. R iral Credits 66% 75
Indpls. Securities nfd 4% 5
Majestic Tire A Rubber 12 18
Metro. 5 50c Stores c0m.... 12 16
Metro. 5 50c Stores pfd 43 49%
Robbins Body Corp Units. 45 60
Stevenson Gear Cos. com 5
Stevenson Gear Cos. pfd 4
U. S. Morf. Cos. Units 162 175
Weather
The following table shows the state
of the weatbrr at 7 a. m., June 28, as
observed by I.’. S. Weather Bureaus:
Indianapolis, Ind... TO,SI 71 Cloudy
Atlanta. Ga 29 96 76 Cloudy
Amarillo. Texas .. 29 88 68 Clear
Bismarck, N. D.... 29.84 68 Cloudy
Boston, Mass 29 84 66 Cloudy
Chicago, ill 29.70 72 (floudy
Cine!nnatl, 0hi0.... 29 84 76 PtCldy
Cleveland. Ohio 29 78 76 Cloudy
Denver, Colo 29.84 6-4 Clear
Dodge City, Kan... 29 90 70 Cloudy
Helena, Mont 29 *0 00 (Tear
Jacksonville, Fin... 29.96 76 Cloudy
Kansas City, Mo 29 86 74 Clear
Louisville, Ky 29.88 78 Cloudy
Little Rock, Ark... 2996 74 (Tear
Los Angeles. Cal... 29.84 58 iToudy
Mobile. Ala 30.00 80 Cloudy
New Orleans, Ln... 30 02 80 PtCldy
New York. N. Y... 20 82 74 Clear
Norfolk. Va 29 88 80 dear
Oklahoma City 29 90 74 PtCldy
Omaha, Net* 29 84 78 Clear
Philadelphia, Pa... 29 84 82 dear
Ptttrburgb. Pa.... 29.84 74 Cloudy
Port.nnd, Ore 29 94 56 Cloudy
Rapid City, S. IX. 29.90 66 PtCldy
Roseburg, Ore .... 29.92 58 Clouay
San Antonio. Texas 29 98 74 PtCldy
San Francisco. Cal 29.90 54 Cloudy
St Louis. Mo 29 84 74 dear
St. Paul, Minn 29.80 78 Clear
Tampa, Fla 29 98 82 dear
Washington, D. C.. 29.84 78 Clear
WEATHER CONDITIONS.
Showers and thunderstorms have oc
curred since Monday morning ln many
localities from the middle Mississippi
Valley northeastward and along the east
ern coast. Changes In temperature have
not been decided over large areas, al
though the readings are a little lower this
morning between the Great lakes and
the Ohio river. J. H. AHMINGTON.
Meteorologist, Weather Bureau.
CORN AND WHEAT BULLETIN.
For the twenty four hours ending at
7 a. m„ 90tta meridian time, Tuesday,
June 28, 1921:
Temper-1 I
ature i
2 V : o
Stations of *, | **' ti sS c
Indianapolis "5 ! *,■&!;£ ““g' - £
District.
E* i°l *■ B S c ■£?
E ejj, -2 .&■ -fj C £ ja_
South 8end.7."77 89 ; 70 1 030 Fair
Angola HO 68 I 1.08 Fair
Ft. Wgyne 90 j 70 0.28
Wheatfleld 93 09 0.04 Good
Royal Center 90 [ 70 0 Good
Marion ...- 94 70 0.51 Good
Lafayette 88 i 71 0 Good
Farmland 92 69 0 Good
Indianapolis .... 88 70 0 Good
Cambridge City.. 90 68 0 Good
Terre Haute 90 70 0.06 Good
Bloomington .... 89 68 0 Good
Columbus ...... 93 70 0 Good
Vincennes 03 70 0.16 Soft
Paoli 92 70 0 Good
Evansville 92 72 10 02 .
J H. ARMINGTON,
Meteorologist, Weather Bureau.
Kansas City Wheat
Prices Suffer Losses
KANSAS CITY, Mo., June 28.—The
wheat market broke from 2c to 22c a
bushel in carload lots from Monday’s
quotations today. Wheat for July de
livery went to $1.08% a bushel, a drop
of 10%c. and September broke 6%c to
$1 09% a bushel.
The outpouring of new wheat was said
to be responsible.
INDIANAPOLIS PRODUCE.
Eggs —Fresh, loss ot’f, 22@23c. Poultry
—Fowls, 18®22c; springers, 1% to 2 lbs,
22c@40c, cocks, 9®l9c; old tom turkeys,
25c, young hen turkeys, 30c; cull, thin
turkeys not wanted, young tom turkeys.
30c; ducks under 4 lb, 15c; spring ducks,
23c; geese 10 lbs and up, 11c; squabs,
II lbs to dozen, $5; guineas, 9-lb size,
per doz, $2.
Butter—Buyers are paying 34@35c per
lb for creamery butter, delivered in In
dianapolis.
Butterfnt—Buyers are paying 28c per
lb for butterfat delivered in ludiarapolla.
GRAIN VALUES
LOSE HEAVILY
Favorable Crop Reports Chief
Mart Factors.
CHICAGO, June 28.—Favorable crop
reports emanating from abandoned dis
tricts in the Southwest, relief from the
prolonged drought by rains and cooler
weather during the last few days, along
with lack of demand, caused radical de
clines in prices of grain on the Board
of Trade here today. Provisions were
lower.
July wheat opened off %c at $1.27 and
declined 9%c at the close. September
wheat opened unchanged at $1.23% and
dropped 4c later.
July corn opened at 60%0, off %c. and
declined 2%e later. September corn was
off %c at 61% at the opening and
dropped 2%c at the close.
July oats opened off %c at 37%, but
reacted l%e at the close. September oats,
opening off %c at 39%, declined l%c later.
(By Thomson A McKinnon.)
—June 28—
Wheat —The labor situation as typified
by newspaper reports that rnilroad men
would not accept a wage reduction and
by the demands of elevator employes in
this parket, served to restrain the de
mand in the wheat. Later in the day
holders became discouraged over the re
fusal of the market to reflect the un
favorable weather in spring wheat ter
ritory and over the disappearing premi
ums for cash wheat, notably in the South
west. Under all these condition, liquida
tion became widespread. Crop authori
ties are agreed that the spring wheat sit
uation is critical and immediate rains are
necessary, whereas the forecast is gener
ally fair and continued warm. Western
Canada Is beginning to complain of
drouth and heat. Threshing returns from
Ohio river points uncover disappointing
yield. These Items are entirely Ignored
because of the conditions in the busi
ness world and because of the Impending
movement of the winter wheat crop. * It
is natural that premiums for cash wheat
should disappear, or at least diminish,
but the fact that premiums exist and
that there are no accumulations in west
ern terminal markets argue against the
idea of permanent weakness. In eleven
months of the crop year we have ex
perted 333.771,000 bushels and it is com
monly believed that the foreign demand
the coming year will be equal to last.
There is not sulciffent yield indicated to
meet any such demand as we have had
the past year.
Corn and Oats—Rapid growth of the
new crop of corn except in limited ter
ritory ln the extreme North, has em
phasized the weakness In the cash situa
tion. Asa result, alues have ruled heavy
throughout the day. Central lowa is
sending reports of tasseling. Cash corn
is still selling at material discounts and
It is a common idea that deliveries on
July contract stvlll be cry liberal. The
decline has uncovered some inquiry from
Canada, but has not stimulated the do
mestic demand. Oats have no individu
ality, being influenced entirely by other
grains.
Provisions—A strong hog market has
counteracted the weakness in gratn. ther*
being, at no time, any particular selling
in the proision list. Nothing has oc
curred to broaden interest.
CHICAGO GRAIN.
—June 28-
WHEAT— Open. High. Low. Close.
July 1.27 1.27 1.19V* 119%
Sept 1.23% 123% 1.17 1.17%
CORN—
July 60% 60% 58% 58%
Sept 61% 01% 59 59%
OATS-
July.... 37% 37% 35% 38%
Sept 30% 39% 37% 37%
PORK
•July 17.60
•Sept 17.90
LARD—
July 10 20 10 25 10.17 10 25
Sent 10.52 10.60 10.52 1 0.37
RIBS—
July 10.42 10.42 10.32 10.37
Sept 10.67 10.70 10 62 10.67
RYE
July 120% 120% 114% 1.14%
Sept 1.08 1.08 1 03% 1.03%
•Nominal.
CHICAGO CASH GRAIN.
CHICAGO. June 28 Wheat No. 1 red.
$1.32%; No. 3 red, $130%; No. 1 hard
winter, sl43® 143% ; No. 3 hard winter,
$1.35; No. 1 northern spring. $1.59; No. 5
northern spring. $159%. Corn—No, 1
mixed, 57**®59c; No. 2 mixed, 57%®50c;
No. 2 white. 68%®59%c; No. 2 yellow.
57%®59%c; No. 3 yellow, 58c; No. 3
mixed. 58%c; No. 5 white. 53%e; No. 4
j allow, 56®07c. Oats No. I white, 30%®
37%c; No. 2 white. 36%®37c; No 3 white.
33®36%c; No. 4 white, 32%®35%e.
TOLEDO CASH GRAIN.
TOLEDO, June 28. Wheat (hish. $1.27,
July. $1.22%; September. $1.20%. Corn
Oisb, No. 3, yellow 61%'u62%<\ uats
Cash, No. 2. white, 38%®39%c. Rye No.
2, $1.19. Barley No. 2, ttjc Cioverseed
—Cush <l9* . sl3: October, $11.75; De
camber, $11.40; February, $11.55; March.
$11.50. Timothy—Cash (1918), $2.03; cash
(1919), $3: cash (1920), $3.05; September,
$3 4(>; October, $1.30. Aisyke—August
$1150; October, $11.50.
PRIMARY MARKETS.
(By Thomson A McKinnon)
- June 27
Receipts—
AA'heat. Corn. Oats.
Chicago 26,000 532.000 297,000
Milwaukee 28,(M> 252,000 104.000
Minneapolis . 645.000 68.000 100,000
Duluth 200,000 16,000 9,000
St. Louis..... 126,00 88,000 94.(V0
Toledo 7.000 11.000 18,000
Detroit 8.000 4.000 14,000
Kansas City. 383,000 153.000 43,000
Peoria 5.000 52.000 16,000
Omaha 53,000 49,000 44,000
Indianapolis... 3,000 34,000 32,000
Totals 1,484,000 1,259.000 8.'.1 000
Year ago.. .1,178.000 1.311,000 589,000
—Shipments—
AA'heat. Corn. Oats.
Chicago 59.000 207,000 209,000
Milwaukee .. 4,000 152,000 115,000
Minneapolis . 100,(K>0 33.000 120,000
Duluth 386,000 170,000 .84,000
St. Louis .... 82,1KK) 66,000 57,000
Toledo 2,000 5.000
Kansas City. 174,000 69,000 2.0(H)
Peoria 5,000 22,000 29,000
Omaha 48,000 102.000 10.00)
Indianapolis... 1,000 17,000 12,000
Totals 925,000 840.000 643.000
Year ago... 554.000 521,000 401.000
—(.'lea ranees—
I)om. W. Corn. Oats.
New York ... 115.000
Philadelphia.. 40,000
•Galveston ..2,354,000
Totals 2,509,000
Year ago. ..1.417,000
•All last week.
INDIANAPOLIS CASH GRAIN.
—June 28—
Bids for csr lots of grain and hay at
the call of the Indianapolis Board of
Trade were:
AVheat—No sales.
Corn—AA’ealc; no sales! No. 2 yellow. 58
®590; No. 3 yellow, 57@58e; No. 2 mixed,
58®59c; No. 3 mixed, si®sßc.
Oats—AA’eal ; No. 2 white, 36%@37c:
No. 3 white. 35%®,36%0.
Hay—Steady; No. 1 timothy, $18.50®)
19; No. 2 timothy, slß® 18.50; No. 1 light
clover mixed, $17.50® 18; No. 1 clover
hay, ?10@17.
—lnspections
Corn—No. 2 white, 8 cars; No. 4 white,
2 cars: No. 5 white, 1 car: No. 1 yellow,
1 car; No. 2 yellow, 5 cars; No. 3 yellow,
2 cars; No. 1 mixed, 1 car; ear. 1 car;
total, 21 cars
Oats —No. I white, 1 car; No. 2 white.
8 cars; No. 3 white, 1 car; sample white,
1 car; total, 11 ®ars.
Hay—No. 1 timothy, 1 car.
HAY MARKET.
The following are tne Indianapolis
prices for hay by the wagon load:
Hay—Loose timothy, new, $18@19;
mixed hay, new. $16®17; baled. $16®17.
Oats —Bushel, new, 38@40c.
Corn —New. Co@6sc per bushel.
AA’AGON AVHEAT PRICES.
Indianapolis flour mills and elevators
today are paying $1.15 a bushel for No. 1
red winter wheat, $1.12 for No. 2 red
winter wheat and $1.09 for No. 3 red
winter wheat.
AVHOLESALE BEEF PRICES.
The following are today's wholesale
prices for beef cuts as sold on the In
dianapolis markets; Ribs —No. 2,23 c;
No. 3,18 c. Loins —No. 2. 25c; No. 3,23 c.
Round—No. 2,19 c; No. 3,17 c. Chucks—
No. 2,10 c: No. 3.7 c. Plates—No. 2,3 c;
No. 3.4 c.
NEW YORK WOOL.
NEW YORK, June 28.—W00l was quiet
here on the market today. Prices of the
market of the two days previous were
maintained.
HUNT TREASURE
IN SOUTH SEAS;
FIND SKELETONS
SIOO,OOO Search for Fortune of
$90,000,000 a Costly
Failure.
ONE GOT HALF MILLION
NEW BEDFORD, Mass., June 28.
"Pansy” Barroe, who has sailed the
seas many years, and for several years
was employed as steward by the Crowley
Transportation Company, arrived here
with a story of treasure hunting in the
South Seas for buried plra'e gold.
The expedition was a SIOO,OOO failure.
Not a coin of the supposed forttine of
$90,000,000 was recovered. All the search
ers unearthed after three weeks of dig
ging were the skeletons of fifteen or
twenty cannibal natives.
On the tale of an ancient down-east
mariner, a Captain Brown of Augusta,
Me., the expedition was fitted out. The
old sailor, it appeared, had been a cabin
boy sailing the South Pacific years and
years ago. One of his cruises was under
a sailor who really knew where the
treasure was hidden on the island of
Cocos. One day Brown said his captain
visited Cocos and removed most of the
gold to Tubal. Maybe the lure of gold
got In his blood. At any rate the skipper
turned pirate himself and < nptured three
vessels, adding their treasure to the cache.
HALF MILLION
IS DEPOSITED.
The old salt said his captain had taken
$500,000 of the treasure to Australia and
deposited it in a bank there Captain
Brown's story was investigated. It was
ascertained that $500,000 had been de
posited by that captain in an Australian
bank.
Thereupon the Brown exploration
company was organized. Capt. James
T. Houghton of New York. Capt. Ar
thur L. Crowley of Boston, James
Munn of Texas. Leonard Miller and
Edward Kendall of Babylon, Long
Island, were among the promoters.
Capt. Crowley of the Coastwise Trans
portation Company obtained an aux
iliary schooner yacht, a likely craft
of 171 tons burden n hich was for
merly owned by IV. K. Vanderbilt. Sue
was named the Genesee.
The raising of the funds was ac
complished under a veil of mystery.
The South Pacific lFlra Company
teas organized. Its apparent purpose
was the filming of the South Sea na
tives. All the time preparations were
going on. secret investigations of the
old mariner’s tale were being made. The
checking up process was carried to Lon
don and there It was learned that ships
had disappeared under the conditions
described by Captain Brown.
Early ln December everything was
In readiness All available data had
been obtained. On Dec. 11 the Genesee
slipped down New York harbor and
headed for the Panama Canal.
“There followed an uneventful voyage
across the wastes of water to the islands
about 17 degrees south latitude and 150
west longitude,” said Pansy Barros
today. Barros was chief Stewart on the
cruise.
"There were thirty-six of ns on tne
Genesse. The members of the crew were
kept in ignorance at first of the true pur
pose of the trip. On February 27, we
sailed out of Tahiti for Tubal. We left
our craft in the beautiful harbor and
went ashore there. Excitement ran high
as the news of the search leaked about
among the crew. Captain Crowley and
the other leaders had their charts and
maps, of course.
"It was inland, where there were grow
ing thousands of cocoanut trees, that
the charts marked out the mound sup
posed to contain the loot. There we
found a mound exactly where the treas
ure should have been.
"Now begins the sad part. We be
gan digging and blasting. We dug and
blasted until our hands were sore and
our backs ached. We must have dug
down thirty feet over an area longer
than a big room. An engineer in the
party rammed long feelers through the
soft sand for further distances. Every
one of the thousands of prods was
futile. Nothing had arrested the prod
ding. There was no gold sticking to the
ends when we hauled up the feelers.
"All we unearthed for our pains were
the hones of cannibals, fifteen or twenty
in all. These proved of some Interest
to the surgeon of the party, Mr. Hough
ton. but not much to anybody else.
"Throughout the digging operations
the bluff of getting moving pictures was
kept up. We got many interesting pic
tures of the natives. We snapped do
mestic scenes. Some of the natives could
speak an English that we could under
stand and wore clothes. Some appeared
quite savage and wore only scanty native
costumes.
“While we were digging we kept them
from getting too close by telling them of
the danger of the frequent explosions of
the funny box on legs. We eventually
dug over the whole of the Interior of
Tubal.”
Barres left the Genesee tied np at
South Brooklyn and came here to take
a packet back to the Cape Verde Islands.
Four Youths Held
on Larceny Charges
Joe Burnett, 19, 1014 South West street;
Frank AA’olfe, 39, 1041 Charwick street;
Ray AA’ard, 1.8, 424% West Merrill street;
and James Beckman, 19, 606 South AA’est
street were slated on grand larceny
charges today by the police. Lawrence
Burnett, 23, West Ray street believed to
be a member of the gang, is charged wlh
vagrancy while the detectives investigate.
The arrests followed the discovery of
an automobile filled with stolen automo
bile accessories.
Sick Boy Jumps in
Cistern to Save Girl
TOPEKA, Kan., June 28.—Frank Her
eeidsohelmer, Jr., 15, who has been con
fined to bed for two months with rheu
matism. was a hero today.
AA’hen his sister, 6 years old, fell in
the cistern, Frank Jumped out of bed
and dived in after her. He succeeded in
holding her above water until aid ar
rived.
The girl was unconscious when pulled
from the cistern, but was revived.
American Traveler
Found Dead in Berth
PLA'MOI'TH, England. June 28. —Ernest
Pinand. an American, was found dead in
his berth on the Liner Finland when it
arrived here today.
PAI PER ATTORNEY MOA’ES OFFICE.
Paul C. AA'etter, pauper attorney, has
moved his offices from the Merchants
Bank building to 933 State Life building,
it w as announced today at the courthouse.
NEW YORK PETROLEUM.
NEAA’ TORK, June 28.—Petroleum was
weak on the market here today, Penn
sylvania crude oil selling at $2.25 a bar
rel.
NEAV YORK TURPENTINE.
NEW TORK, June 28.—-Turpentine was
easy on the market here today, selling
at 60c a gallon.
NEW YORK METAL MARKET.
NEAV’ YORK, June 28.—Copper—Dull;
spot June, July, August and September.
U@ll%e. Lead—Firm; spot June and
July offered, 4%c. Spelter—Dull: spot
June, July and August offered, 4.301
Ex-Attorney General
Diesjn Baltimore
BALTIMORE, M. D.. June 28.—Charles
Bonaparte, former attorney general of
the United States, died at his home in
this city today, following an illness of
several weeks. Mr. Bonaparte was 72
years old.
IMBECILE KILLS
1, WOUNDS 1
Benton Merchant Ejects Man
From Store With Fatal
Results.
Special to The Times.
BENTON, Ind., June 28.—Infuriated be
cause he was ejected from a sfore.
Chauncey Hilbish, 25, an imbecile, today
shot and killed Charles Strlne, 04. a mer
chant. Hilbish fired two shots, the first
penetrating the shoulder of his victim
and wounding Mrs. Ruth Wysong. a
daughter-in-law of Strine, whose hus
band started the trouble when he ordered
Hilbish from the store. The second bul
let struck Strlne's heart.
Hilbish fled after the shooting but sur
rendered when a posse started in pur
suit.
LUKE LEE WILL
BE SPEAKER AT
CELEBRATION
(Continued From Page One.)
Special fireworks displays will be held
in the afternoon and night. The ad
dresses will be made in the coliseum,
dancing will take place in the automo
bile building and the fireworks and ath
letic events wil! take place in front of
the grand stand.
The parade, to be held in the morning
of the F’ourth, will be the feature of the
morning exercises, and will be the fore
runner of the day's celebration. Cecil
York will be grand marshal oof the pa
rade. and will have as aides Corte J.
Cobler, C. E. Cliff. John Fishback, George
Rinier, Robert Kendrick and Delbert
Wilmeth.
The mayor and city council have been
invited to ride in automobiles in the
parade, with the guests of honor. They,
with the guests, will attend a reception
and luncheon to be held in the Riley
room of the Claypool Hotel, following the
parade. The luncheon will be under the
auspices of the Service Club and the
Military Order of Foreign Wars. John
B. Reynolds is chairman of the recep
tion committee.
Fred Bates Johnson, chairman of the
general committee in charge of arrange
ments for the celebration, announced that
final plans will have been completed by-
Friday. Another luncheon is to be held
Thursday and Friday and the various
committees, from time to time, will in
spect work in progress at the fairground
in preparation for the day.
An Information tooth will he main
tained in the Administration building, the
headquarters of the general committee.
EXTRA SERVICE
ON STREET CARS.
The Indianapolis Street Railway Com
pany will maintain extra service to the
fairground to accommodate the crowds.
Cars will be run to the grounds
on the College. Illinois and Central ave
nue lines, service to the fairground
starting on the Illinois and Central ave
nue lines at 12 o'clock. Special service
will be inaugurated, also, in returning
the crowds after the completion of the
day's program.
Several thousand copies of an Ameri
canization speech, in pamphlet form will
be distributed among the crowds at the
fairground. The pamphlets were print
ed and paid for by fin Indianapolis citi
zen who refused to divulge his name.
Bands will be on hand at various points
in the grounds, so that music will be
provided at every minute of the after
noon aud evening. Special music has
been engaged for the dance, for which a
charge of 5 cents per couple will be
made.
Payment for all of the expenses for
the celebration will be made by the
double check system. Mr. Johnson states.
This eliminates any possible chance for
mistake in accounting for the funds at
the disposal of the committee.
SPARK PLUGS TO
START GARAGE
Discovery of Big Supply
Leads to Arrest of Four.
Four men are held on vagrancy charges
under $2,000 bonds today as the result of
the discovery by the police of “enough
spark plugs to start a garage” in an au
tomobile parked on South Illinois street.
The men gave their names os Joe Bur
nett, 19, 1014 South AA’est street, who
said he owned the automobile. Frank
AA’olfe, 19, 1041 Chadwick street; Kay
AA’ard, 18, 424% AA’est Merrill street, and
James Beckman, 19, 606 South AA'est
street.
There was no license on the front of
the automobile but on the rear there was
a plate bearing license number 282953.
In the car was found, besides the dozens
of new spark plugs, an electric drill, nu
merous automobile tools, and one oarbr
retor. Detectives today are investigating
to determine where the men obtained the
spark plugs.
The police records how only one
place where spark plugs were reported
stolen. Joe Hill, 212 AA’est Thirteenth
Btreet proprietor of a garage, told the
police yesterday that his places was en
tered and siz dozen spark plugs, worth
$36, two carburetors, valued at $110; aud
an electric drill worth $125. were missing.
When the fonr men were arrested they
told the patrolmen that "we will be out
in five minutes if you send us in." When
the police captain heard this he ordered
the bonds raised from SI,OOO to $2,000
In each case.
Hill, identified some of the spark plugs
found In the automobile ns those stolen
from his garage on Thirteenth street
yesterday Records of the secretary of
State's cilice show that the auto license
was issued to F. D. Gregg, 955 West
Thirtieth street, for use on a different
make car than the one on which the four
suspects were using.
Divorced Man Kills
Former Wife and Mate
EAST TAWAS, Mich., June 28— Jealous
oer his former wife's second marriage.
Henry AA’ilkinson, of Bellaire. Ohio, made
good his threat to "got" them both. He
came here, killed Mr. and Mrs. Riley
Griffiths, shot their 2-year-old son Ed
ward. and was severely wounded by Grif
fiths before the latter died. AA’Ukinson
may die.
Testimony in Howat
Trial Taken Today
COLUMBUS, Kan., June 28. —Testimonv
in the trial of Alexander Howat and
August Dorch.v, United Mine AA’orkers'
oficials, on a charge of violating a felony
clause of the Kansas Industrial court
law, will begin late today, attorneys
agreed.
I BUY FLETCHER TRUST CO. NEWTOII
"J® MORTGAGE BONDS Tnnn
SELL 415 LEMCKE BLOG. I UU U
BANKERS FRANK
IN REPLYING ON
BUILDING LOANS
Business First, Not Patriot
ism. One Tells Com
mittee.
NEW YORK, June 28.—Seven official!
of savings banks having on deposit about
$500,000,000 of it- People's money war
asked by the Locv .ood committee to ex<
plain why they did not %nd mor money*
on real estatu and building, and why they
forced borrowers to take property, soma
of It undesirable, or depreciated Liberfy
bonds, as a condition of making the
loans. The frankness of some of tba
replies amazed the committee.
“Our main idea % get rid of the
; property, not to stimulate bonding,” wna
the explanation of Willlato E. Knox, tlc
president of the Bowery Savings Bank,
one of the largest in this city,.wUh $156,-
000.000 in deposits. \
“There is very little patriotism in
business.” said Thomas Austin, president
of the Home Bavings Bank of Albany
with deposits of $13,000,000.
DIDN’T CAKE FOR
SUCH LOANS.
Alexander E. W. Kinaan. president
the Union Dime Savings Bank, with and(
posits of $68,000,000, said he “did n<
care to “make building loans. "I ft
got my money out otherwise,” he adde
saying there was enough profit in loai
other than housing loans.
Arthur S. Van Winkle, president <
the Empire City Savings Bauk. with d<
posits of $13,000,000, said ne had gotte
rid of all the bank's property by havin
the bank's borrowers purchase it. Ha
mg disposed of the property, he to
Samuel t ntermyer. senior counsel for tl
j committee, that he was “truly reformed
j Other banking officials examined we
riieroii Seherske, secretary of the Centr
, Savings Bank; Robert D. Andrews, pres
! dent of the Metropolitan Savings BanJ
and W illiam J. Roone, president of tl
Lxceisior Savings Lank.
, SEEK DRYDEN’S
BANK HOLDINGS.
The committee ordered Mr. Untenneyer
1 to ask Jesse M. Phillips, the State su
perintendent of Insurance, to use all the
authority of his office to get at the facte
concerning the bank holdings of Forrest
F. Dryden, president of the Prudential
Life Insurance Company of Newark, who
was on the witness stand for two days
before the committee.
Mr. Untermyer criticised the Federal au
thorities for delay in investigating casee
of two nation-wide combines bared by
the committee. He did not impngn tha
motives of any of the officials at pres
ent in power, and later in the day, when
he learned through press reports that
Attorney General Daugherty had given
instructions to United States District At
torney William Hayward to prosecute
vigorously, he said the "good news came
la;,, but he was gratefuL”
SUMMONS HIB
OWN LANDLORD.
Mr. Untermyer took up the exorbitant
rent increases in loft and office build
ings and had read into the record nearly
500 instances of rent increases in office
and loft buildings of from 100 to 400 per
cent.
In this connection Mr. Untermyer per
emptorily summoned as a witness his
own landlord in the person of George T.
Mortimer, president of the Equitable Of
fice Building Corpration, 120 Broadway,
owners of the Equitatle Buildfcig.
USES NAME OF
ROCKEFELLER
Arkansas Oil Man Incorpo
rates ‘Standard’ Company.
ELDORADO. Ark., June 28—Here le
the story of how a prospecting oil driller
“scooped” the world-famous John D. and
is now riding to fame on the millions of
an El Dorado "gusher.” It is the story
|of a gamble, the first thought, quicker
action and of life in the raw.
The scene is laid in this old cow*
! town on the edge of Louisiana and jR
the heart of the new "boom” field. T|B
prospector is A. R. Aphel, who threateW
to tie knots in the policies of the Stanw
dard Oil Company in the southwestern
field. He is president of the Standard Oil
Cnmnr-v of Arkansas, but he is not
align with the Rockefeller Interests. i
Riding into El Dorado on the recent]
"boom” Aphel discovered that the Ar-1
kansas corporation lawg offered no bar-1
rier to the use of the incorporated name!
of another company. So he organized the|
S. O. of A., much to the disgust of the!
"parent” concern. I
El Dorado only a month before hadl
been peacefully sleeping. Rumors wer
heard from time to time of oil fields jus
across the border in Louisiana. One da
a “gusher" came in and within twenty
four hours the town was a hotbed o
feverish prospectors. Oil men flocke
there from all parrs of the nation an<
some even came from foreign ciimea
Its population trebled over night.
“Someone is putting over on the Stan
dard Oil,” was a report circulated on
night. Tt was traced to Aphel and hi
little band of associates. Notice that th
company was duly chartered appeared i
a Little Rock newspaper. Then follow*
a perfect maelstrom of protest on th
Secretary of State's office.
The Standard Oil Company of Lon
tsiana stormed the Secretary of State®
office with telegraphic protests. The®
were told however, they "had run into®
stone wall.” Aphel’s company and 1®
corporation were entirely legal. Aphel®
little company with a $500,000 capital
practically dominates the new field.
He is the first oil man to successful®
‘pass the buck” to the Rockefeller i®
forests. Ills future is eagerly watcht®
by oil men all over the country. jE
Gossip Blamed for I
Baby Crime Wav
NEW YORK. June 28.—“ The mothet
of the children of the Bronx are respon
silde for this baby crime wave,” sal
Magistrate Levine in the Morrisa'E
court when several boys, arrested J
stealing pockethooks. were arraigned ll
fore him. He added: 1
"If the women of the Bronx wot#
talk less about their neighbors and mol
with their children we would have i
criminally inclined children.”
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