Indiana daily times. [volume], January 12, 1920, Home Edition, Page 10, Image 10

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

Image provided by: Indiana State Library

                
10
Stock Market Ruled by Lower
Prices After Brisk Start.
SELLING HITS
STOCK MARKET
Values Decline Under Heavy
Pressure of Sales.
NEW YORK, .Jan. 32.—After opening
from fractions to 6 points higher in
many issues, the stock market developed
heaviness, most of the early gains be
ing wiped out and many issues showing
losses of from 1 to 2 points at the end
of the first fifteen minutes.
The steer stocks were in demand, stee!
common selling up % to 10" and Re
public steel 1% to lifts. Baldwin Loco
motive. after selling op to 321, dropped
to 1191$.
The oil stocks were subjected to the
heaviest pres-ure, Mexican Petroleum,
after selling 3 points higher at 209, re
acting to 203%, while Texas Company
dropped 4 points from its high to 213.
Pan American Petroleum lost 2**, to
5*9%- Royal Dutch, however, was In de
mand, selling up 1%. to 106%. American
Woolen rose 6 points to 163 and then re
acted to 159. linked States Rubber, after
advancing 1 point to 134%, reacted to
332%. Studebaker dropped 1% to 107%
nnd General Motors over Z points to
325%.
Eractional losses were suffered in the
shipping nnd railroad stocks.
Pressure against the market continued
during the forenoon. Most of the selliug
was based on the belief that an un
favorable decision might, be handed down
by the supreme court today on the stock
dividend case.
The oil stocks continued under pres
su-re. Mexican Petroleum dropping S
points from the high to 201, Pan-
American Petroleum yielded to 97, a loss
of 4%. Royal Dutch held around its
high levels of 106.
United States Rubber dropped 4 points
fn nub., with a rally to 132. Central
Leather yielded over 2 points so 90.
Steel common dropped to 106%. Losses
of from 1 to 2 points were suffered lu
the other steel shares.
NEW YORK BANK STATEMENT.
NEW YORK, Jan. 10.—Average: Loans,
Increased .$93,719,000; demand deposits,
Increased $21,082,000 time deposits, in
crease. $405,000: reserve, decrease, $5,-
534.780.
Actual: Loans, decrease, $22,579,000;
demand deposits, decreased $46,775,000;
time deposits, decreased, $6,008,000; re
serve, decrease, $57,391,880.
NEW YORK LIBERTY BONDS.
NEW YORK. Jan. 10.-Liberty bond
quotations: First 3%5. 99.50; first 4s,
92.96; second 4s, 91.92; first 4%5, 93.18;
second 4%5, .94.40; third 4%5, 92.56;
Victory 3%5, 98.98: Victory 4%5, 95.95.
NEW YORK CURB MARKET.
—.Tan. 10— .
(By Thomson & McKinnon.)
—Closing -
Bid. Ask
American Marconi 6% 6%
Curtis Aero com 7 11
Curtis Aero pfd 65 75
Sub Boat 17 18
First National Copper.... 1 3%
Goldfield Con 12 15
Havana Tobacco 1% 3
Havana Tobacco pfd 10 14
Crib 46% 47
Jumbo Extension 6 7
International Petroleum... 69 71
Ninlsslng 11'% 11%
Indian Packing Cos 18% 19%
Houston Oil 145 155
Royal Baking Powder 135 145
Royal Baking Powder pfd. I*4 97
Standard Motors !t 11
Sinclair Gulf oil 35 45
Salt Creek 51% 52%
.Tonopah Extension 2% 4
Tonopab Mining 2% 2%
United P. S. now 2% 3
U. S. Light Mid Heat 3% 3%
U. S. LlgJ.. and Heat pfd.. 3% 4%
W light-',>la tin 4 4%
World Film % • %
Yukon ktlold Mine Cos 1 1%
Jerome 11-16 %
New Cornelia 21 22
‘United Verde 40 44
Sou Traits 7 7%
Sequoyah % %
Omar 8% 8%
Republic Tire 5% 5%
On Commission Row
Cabbage was advanced 50 •'ents a hun
dredweight today. Now selling at $6..M).
Freer receipts of garlic broke the price
5 een*s a pound. Now selling at 45
cents.
Navel oranges "ere quoted f>oc a hoi
loner today. Movement of oranges has
■been freer and dealers say this Is re
sponsible for new quotation. Now priced
at $4.50 to $5.50 boT.
California celery wn advanced 50
cents a crate today to $8.50. Celery sea
son is over for the Michigan and New
York stock and dealers say the California
shipments must supply the demand. This
puts the western variety at a premium.
Potatoes took another slump today of
50 cents a hundredweight to $5. Con
ditions in the potato market are not im
proving and with the shortage of cars
and higher prices at shipping point
dealers declare that today's advance may
not be the lasu
TODAY’S PRICES.
Apples—ln barrels: Extra fancy Red
Jonathans, sl2; extra fancy Grimes
Golden, $11; Baldwins, $8.50; Greenings,
s!*; Hubbardson, $0(sll; Jonathans. s9<&
10.50; ; Home Beauties, $8.50(310.50
Kings. $9: Wine Saps, $10; Maine North
ern, $10; Wealthy, SS; York Imperials,
$9; Kinuaird Favorites. $8; Grimes
Golden. No. 1 grade, $9. In boxes: Rome
Beauties. 80s to 150s, $3.50; Grimes Gol
den, 90s to 1755, $3.50; Delicious, 80s to
150s, $4.5(,; Winter Bananas. 80s to 150s,
$370: .Yellow Ortleyx, 72s to 103s, $3.50
(aX'io; Spltzenberg, 80s to 150s, $3.50.
Bananas -Pound, 7c.
Beaus--Michigan navy, ir. bags, per lb.
•lie? pinto. 8c; litnas. 15 %e; blackeyed,
be.
Beets—6s pound bags, $1.75.
Cabbage— Cwt., $6.50; red. lb. lO*-; Ro
maine. $1 hamper.
Carrots--Basket, 40 lbs, $1.50.
Cauliflower—Fancy, crate 12s to 14s,
$1.75.
Celery—California, crate, 7 to 10 do*,
$8.50: jumbo, erf., $1.50.
Cider—Gallon, 75c.
Cocoanuts- Per 100. $12.50; tioz, $1.75.
Cranberries—32-lb box, $3.25<&3.50; bbl,
$9.50; Centennial, bbl, $10.50.
Cucumber Hothouse, Davis, doz. $3.50;
Florida, 6 doz bos. $7.
Dromedary Dates —Three dozen pkgs,
$6. i O.
Figs—New. in boxes, 50 pkgs. 6 oz, 55c;
24 pkgs, S-oz. $3.25; 12 pkgs, 10-oz, $2.25;
10-lb layer, $3.25; Smyrna, box 11 lbs,
$4.20; Spanish, box, 2 lbs, $5.50.
Garlic—Pound, 45c.
Grapefruit -Extra fancy I’ioridas, $4.50
@1.75; fancy Floridas. $4.
■ Grapes-Fancy imported Almerlcas in
kegs, 40 pounds, net, sl4.
Honey—Comb, new, cases of 24 caps.
$7.75; extracted, 60 lb tins, 22c; South
American, dark extracted. 16c lb.
Lemons- Californias. standard box.
$3.60@4.
Lettuce—Leaf, pound, 24c; Iceberg,
crate, 4 doz., $5.
Mangoes—Floridas, 2 doz, basket, 50c.
Oranges—California navel, box, $4.50@
5.50; Sunkist, $5.50@6.25; Florida, $5.
Nuts—Filberts, lb, 29@32r; English
walnuts, 37@40c; chestnuts. 35c; pecana.
80c, 50c, 70c: Braziis, 2Sc; almonds. 33@
s6c: ahellbark hickory. JOo
, Onions—lted ana .reiiow, cwt. $0;
western, $6.50; Spanish imported, basket,
$3 .25; green, doz bunches, shallots, 80c;
Popcorn—Pound, 9c.
Oysterplant—doz, 75c.
Pears—Claragas, box 40 lbs, $3.50;
Nellis, box 40 lbs, $4.50.
Popcorn—Lb, 10c.
Potatoes— Bakers fancy, cwt., $5.25:
northern white, $5.
Rutabagas—Cwt, $1.75; 50 lbs, sl.
Sage—Fancy, doz, 60c.
Sweet Potatoes—Hamper, 45 lbs, $3;
Nancy Hall, basket, 40 lbs. $2.50.
Tomatoes—Basket, 6 lbs, $1.50.
Turnips—Bu, $2.75.
WAGON WHEAT PRICES.
Indian* polls elevators and mills are
paying $2.55 for No. 1 white, $2.52 for
No. 2 and $2.40 for No. 3. All other
gr&dds aacordlng to
COMPLETE and ACCURATE MARKET REPORTS
| Local Stock Exchange
STOCKS.
Bid. Ask.
Ind. Ry. & Light com 55 60
Ind. Ry. & Light pfd 90 96
Indpls. <fc Northwest, pfd 75
Indpls. & Southeast, pfd 75
Indpls. St. Rv......... 51 61
T. FI., T. & Light pfd 79
T. H.. I. & E. com 2 5
T. H., I & E. pfd 9% 16
U. T. of Ind. com 2
U. T. of Ind. Ist pfd 4% 10
U. T. of Ind. 2d pfd 3
Advance-Runiely com 43
Advance-Rumely pfd 70
Am. Centra! Life 235
Am. Creoeoting Cos. pfd 97 ...
Relt Railroad com 113% 123%
Belt Railroad pfd 53% ...
Century Bldg. Cos. pfd 99% .
Cities Service com 422 427..
Cities Service pfd 74% 74%
Citizens Gas 35%
Citizens Gas, prior to 1917.. 36% ...
Dodg Mfg. Cos. pfd 99
Home Brewiug 50
Indiana Hotel com 70
Judiana Hotel pfd 99
Ind. Rational Life 4% ...
ind. Title Guaranty 64 74
Ind. Pipe Line 98
Indpls.- Abattoir pfd 49 53
Indpls. Gas 53 56
Indpls. Tel. Cos. com 4 8
Indpls. Tel. Cos. pfd 73% ...
Law Building 93
Lemeke Realty Cos. pfd 95
Mer. Pub. Util. Cos. pfd...,. 50
National Motor Cos 26 26%
Natl. Underwrit. Cos
Public Savings 2%
Raul) Fertilizer pfd 50
Stand. Oil of Indiana 725 . •■
Sterling Fire Insurance .... 8% 9%
Stutz Motor Cos
Van Camp Hdw. pfd 99
Van Camp Pack, pfil 100 105
Van Camp Prod. Ist pfd 100
Van Camp Prod. 2d pfd.... 100
Vandalia Coal com 5
Vandalia Coal pfd 12% 34%
Wabash Ry. pfd 23 ...
Wabash Ry. com S
BONDS.
Broad Ripple 5s 99
Citizens Street Railway 55.. 82 86
Ind. Coke A- Gas Cos. 6s 96
[nd. Creek Coal
Ind. Northern ss! ...
Ind. Union Trac. 5s
Indpls., Col. & South. 5s 88
Indpls. & Greenfield 5s 97 ...
Indpls. A Martinsville 5s 57
Indpls. & North. 5s 44% 50
Indpls. &. Northwestern 55.. 55 65
1 Indpls. & Southeast 5 40 49
Indpls., Shelby. & S. E. 55.. 64
Ind. St. Ry. 4s 61 68
indpls. Trae. & Ter. 5s 63
Kokomo, M. & M. 5s 83% 86
f. H., I. & E. 5s
Union Trac. of lud. 6s 64 68
Citizens Gas 5s 83 87
Indiana Hotel 2d 6s 99% 101
Indpls. Gas fcs 50 85
Ind. L. & 11. 5“ 87
Indpls. Water 5s 93 96
Indpls. Water 4%s 72 80
Merchants 11. & L. ref. 55... 90 94%
New Tel. Ist 6s 93
New Tel. 2d 5s 98
New Tel. Long Dist. 5s 9!
South. Ind. Power 6s 94% 99
BANKS AND TRIST COMPANIES.
Aetna Trust 500
Bankers Trust /. 115
City Trust 77
Commercial National 72 81
Continental National 111% ...
Farmers Trust 390 ...
Fidelity Trust Ml
Fletcher American National. 257
Fletcher Sav. & Trust C 0.... 106
Indiana National 272 282
Indiana Trust 204 214
Live Stock Exchange 382
Merchants National 261
National City 114% 120
People's State J7O
Security Trust 112
State Savings & Trust.. . 90 97%
Union Trust Company 365 370
Wash. Bank & Trust 330
LIBERTY BONDS.
Liberty 3%s 99.50 99.90
Liberty first 4s 92.86 ....
Liberty seeoDd 4s 91.82 ....
Liberty first 4%s 93.08 95.40
Liberty second 4%s 92.40 92.69
Liberty third 4%s 94.30 94.50
Liberty fourth 4%s 92.60 92 76
Victory 3%s 98.78 I*9 10
Victory 4%s 99.00 99.26
SALES.
20 shares National Motor 26',a
Local Bank Clearings
Saturday $3,167,000
Same day last year 2,990,000
Increase over last year $ 177,000
Clearings for week $18,984,000
Same week last year 16,952.000
Increase over last year $ 2,032,000
( ACTIVE OIL (STOCKS,
Jan. 10
(By Thomson & McKinnon.)
Opening
Bid. Ask.
Anglo-American Oil 30Vi 31
Atlantic Refining 16(H) 1630
Borne-Scrymser 460 ISO
Buckeye Pipe Line 79 100
Cbesebrougb Mfg. Cons 255 270
Continental Oil, Colorado... 550 575
Cosden Oil and Gas 9% 9%
Crescent Pipe Line 37 40
Cumberland Pipe Line 130 150
Elk Basin Pete B*4 8%
Eureka Pipe Line 156 160
Galena-Signal Oil pfd 108 113
Gilena-Signal Oil com 94 99
Illinois Pipe Line 170 175
Indiana Pipe Line 98 100
Merritt Oil 20% 2114
Midwest Oil 1%
Midwest Rfg 169 171
National Transit 35 37
New York Transit 174 ITS
Northern Pipe Line 102 106
Ohio Oil 380 3.85
Penn.-Mex 77 80
Prairie Oil and Gas 665 675
Prairie Pipe Line 273 278
Sapulpa Refg 7 7%
Solar Refining 375 390
Southern Pipe Line 168 172
South Penn Oil 335 340
Southwest Penn Pine [,lnes. 96 99
Standard Oil Cos. of Cal 328 333
Standard Oil Cos. of ind 730 750
Standard Oil Cos. of Kas 675 725
Standard OU Cos. of Ky 465 480
Standard Oil Cos. of Neb 530 550
Standard Oil Cos. of N. J .... 739 743
Standard Oil Cos. of N. 7’.... 449 453
Standard Oil Cos. of 0hi0.... 540 530
Swan & Finch 100 110
Fnion Tank Line 125 129
Vacuum Oil 428 433
Washington Oil 43 48
MOTOR SECURITIES.
By Thomson & McKinnon.
- -Opening
Bid. Ask.
Briscoe 73 75
Chalmers com 3 5
Packard com 27% 28%
Packard pfd 04 96
Chevrolet 350 550
Peerless v. 4 44 4)6
Continental Motors com 14 14%
Continental Motors pfd 100 102
Hupp com. ~ 16 16’,4
Hupp pfd 99 102
Reo Motor Car 27% 28 1 /4
Elgin Motors 7% 8
Grant Motors 11 11%
Ford of Canada.... 427 431
International .Motor com... 110 125
International Motor pfd. ... SO 100
Hendee Mfg 44 4s
Fnlted Motors 55 70
National Motors 25Vi 27Vi
Federal Truck 1. 70 72
Paige Motors 44% 46
Republic Truck 52 54%
WHOLESALE PRODUCE.
The following prices are paid for poul
try by local dealers;
Eggs—Loss off, 63e.
Poultry—Fowls, 28c: springs, 28c;
cocks, 18c; old tom turkeys, 35c; young
tom turkeys, 12 lbs and up, 40c; young
hen turkeys, 8 lbs and up. 40c; cull thin
turkeys not wanted; ducks, 4 lbs up.
28c; ducks, under 4 lbs, 23c; geese, 10
lbs up, 23c; guineas, 2-lb size, per doz,
$10; squabs, 11 lbs to doz, $6; capons.
7 lbs up, 38c.
Butter—Clean packing stock, 40c lb;
fresh creamery butter in prints is selling
at wholesale at 66c; In tubs, 64c. Ik.
Butter Fat—lndianapolis buyers
paving 68c lb. B&
Cheese (wholesale selling prlceslM
Brick, 37c lb; New York cream. 36H
W egam, 36a; Longhoiu®
HOGS FALL OFF
50 CENTS HERE
Heavy Supply Results in
Healthy Tumble in Price*
COMPARATIVE SALES.
Good Good Good
Choice Mixed Light
Jan. Heavy. Heavy Heavy.
6. $1 4.90@ 15.00 $ 14.90 @ 15.00 $15.00015.15
7. 14.75 @ 15.00 14.50 @ 15.00 15.00® 15.10
8. 14.60@14.70 14.50 @14.70 14.70014.80
9. 16.25 @ 15.35 16.25 15 25@15.2-i
10. 15.25 @ 15.35 15.25 15.25015.35
12. 14.75 @ 14.80 14.75 14.75@14.86
The invariable rule of supply and de
mand was chiefly res[ionsible for a de
cline of 50c in the hog market on tho
opening day this week. There was not
only a liberal local run of 17.000 hogs,
but there were 21,000 more In the prin
cipal markets than a week ago and 8.00(1
more than a year ago, when the mark'd
ing was unusually large. Sellers were
further handicapped by a slight loss in
tho outside support, but local killers
extended their buying to nearly 9.00<*
liogs and finally the pens were well
cleared. There was a continuation of a
tint rate for the good hogs, the predomi
noting price being $14.75, and the top
price was $14.80 against $15.25 for t ho
bulk of the hogs and $15.35 tho top pric*
at the close of last week. Throwouts
suffered the decline of the general_ mar
ket, with the best pigs at $14.25 find
few sows higher than $13.25.
Cattle.
If there was any change whatever in
the list of prices for the carload kinds
of cattle used for slaughter it was inter
preted as being in favor of the buying
side, but at the close of trade it wis an
niitted that there had not been a serious
adverse revision in the list of Quotations
as compared with the final standing last
week. There were a few estimated that
suggested a decline of 25e, especially in
prices of steers, but a majority of the
views indicated prices were about as high
as realized from the regular buyers and
lower than the speclatlve trade at the
close of last week. The market closed
weak and it appeared that the moderate
run of 1.500 cattle was fully equal to the
present requirements of the trade. Calves
were 50c to $t higher, with the best veals
at s2l, and the feeding cattle were steady.
Bbeep.
Not since the earlv part of last April
have lambs sold as bifrh as they did on
the opening market this week. $lO. and
this, as well as the sales of heavy sheep
up to $lO, represented an advance of 50c
in price', compared with the final sale*
last week. The run of 300 sheep aud
lambs was soon exhausted.
CATTLE.
Steers —
Prime rornfed steers, 1,300
lbs. and up $17.00@18.50
Good to choice steers. 1,300
lbs. and up 16.00f@117.00
Common to medium steers,
1,300 lbs. and up.. 14.50@15.50
Good to choice steers, 1,100
to 1.200 lbs 13.50@ 15.00
Common to medium steers,
1,100 to 1.200 lbs 12.00@13.00
Good to choice steers, 900 to
1.000 lbs 11.00@12.00
Common to medium steers,
900 to, 1,000 lbs 9.00@11.00
Good to/ choice yearlings 13.00@15.00
Heifers and Cows
Good to choice heifers 11.00@14.00
Fa>r to medium heifers 9.00@11.00
Common light heifers 7 00@ 8.00
Good to choice caws 10.00@12.50
Fair to inedjum cows s.oo@ 9.00
Canners and cutters 5.00@ 7.00
Bulls and Calves
Good to prime export bulls.. 9.50@11.00
Good to choice butcher bulls 9.00@ll(1.00
Bologna bulls 7.00@ 9.00
Common to best veal calves. 15.00@21.00
Common to best heavy calves. 6.00@11.-i0
Bt>>ekers and Feeders Cattle —
Good to choice steers, 806 lbs.
and up 11.00@12.00
Common to fair steers. 800
lbs. and up 9.50(3111.00
Good to choice steers, under
goo ibe [e-mail]
' omni'ii to fair st>ers, under
890 lbs • S.Oo@ 9.50
Medium to good cowg 6 25@ 7.25
Medium to good heifers 7.00@ 7.50
Fair to bes milkers 75.00@150.00
Stock calves, 260 to 450 lbs . 7.00@10.00
HOGS
Good to best heavies. 250 lbs
average up 14.75
Good, 200 to 225 lbs aver
age 14.75@14.80
Medium and mlxen. 150 lbs.
and upward 14.75
Good to choice hogs. 160 to
200 lbs 14.75@11.85
Common to good down
to 110 lbs 14.50@ 14.75
Itougb pn<kers 13.35
Bulk of good sows 13.00@ 13.25
Rest pigs, under 140 lbs. .... 14.00@14.50
Bulk of good hogs 14.75
SHEEP AND LAMBS.
Gomlt.o choice sheep 9.00@10.00
('common to medium sheep .. s.on@ 8.0)
Good to choice yearlings ... 10.00@.i1.0Q
Good *° choice lambs 18.00@ 19.00
Common to medium lambs ... 12.00@17.00
Bucks, per 109 lbs 6.50@ 7.50
Other Live Stock
CLEVELAND, Jan. 10.—Hogs—Re
ceipts, 3,000; market slow; yorkera
$15.50; mixed, $15.40(815.50; medium,
$15.40@J5.50; pigs, $15.50; rough, $13.25;
Mags, $lO. Cattle—Receipts, 200; mar
ket steady. Sheep and lambs Receipts,
500; market strong: top. $19.50. Calves
- Jteeelpts. 200; market steady; top. $22.
CHICAGO, Jan. 10. llojfs—Reoeipts,
9.000; market, steady to strong; bulk,
514.55@14.80: butchers. $14(314.00: pack
ers. $13.50@14.35; lights, sl4@ 14.65; pigs.
$13.40@14.2Q; roughs, $13.50@14. Cattle
—Reeelp.ts. 2.000: market, steady to
strong; beeves. $8.25@20: butchers, $6.50
@14.75: canners and cutters. $5,25@8:
Stockers and feeders, $6.50(812.50: cows.
$6.50@14.75; calves, $16.50@ 17.75. gheep
Receipts. 4,000; market, unevenly,
higher; lambs, $13.50@19.15; owes, ss@
11.75.
EAST ST. T.OUIS, 111., Jan. 10. Cattle
Receipts. 950; market steady; native
beef steers, $15.60@16.50; yearling beet
steers and heifers, sl4@to: cows. $11@12;
calves. $16.75(3! 13; canners and cutters,
$5.60(5)6.75. Hogs- Receipts. 7.500: mar
ket 10c higher; mixed atid butchers. $14.95.
@15.05: good heavies, $14.90@15; rough
heavies. 512.25@13.75: light. $15@15.u.i;
pigs, $12.50@15: bulk of sales, $14.90@
15.05. Sheep—Receipts, 800: market
steady; ewes, $9.75@10: lambs. slß.oO®
18.75: canners and cutters, s7@B.
EAST BUFFALO, Jan. 10. Cattle- Re
ceipts, 525; market slow, steady; prime
steers, $16@17; butcher grades, $12@15;
cows, $4@10.25. Calves Receipts, T(00;
market slow, $1 lower; cults In choice.
$6@25.50. Sheep and lambs (Receipts.
300; market active, steadv : choice lambs
$20@20.25; culls to fair. $12@18.25; year
lings, $15@17: sheep, ?6@ 13. Hogs—lie
ceipts. 4.800: market active. I,V</)75c up'
yorkers. $15.25® 15.65; pigs, $15.75; mixed,
$16.75; heavies, $15.75; roughs, sl2; stags
sll @l2.
PITTSBURG, Pa., Jan. 10.—Cattle Re
ceipts, light; market steady; choice
$15.50@16: good. $14.50@15; fair, $11(312-
yeal calves. $21@21.50. Sheep and lambs
Fair; market steady; prime wethers
$11.50(312.23; good, $10.50® 11.03 ; f ; , j
mixed, $8.50(3. 10; spring lambs, $11(312 25
Hogs—Receipts, 10 double-deckers ; mar
ket higher: prime heavy hogs, $15@16-
mediums, $15@16; heavy yorkers, sls@
16: light yorkers. $15@16; pigs, sls@
15.75; roughs, $12@13.75; stags, slo@
10.50.
CRUISES TO SUMMER
CUMES
By SPECIAL CHARTERED STEAMERS
JANUARY— FEBRUARY—M ARCH
VISITING CUBA—JAMAICA—PANAMA
COSTA RICA—BAHAMAS
AMERICAN CO.
INDIANA DAILY TIMES, MONDAY, JANUARY 12, 1920.
CORN REGAINS
OPENING LOSS
Weak Tone/to Market at Start,
but Later Dealings Firm.
CHICAGO. Jan. 12.- Grain futures on
the Chicago Board of Trade today were
slightly lower at the opening, due to
a statement of Julius 11. Barnes, presi
dent. of the Grain Corporation, that there
was a large supply of wheat and grain
iu the country. Later trading, how
ever, showed a firmer market. Provisions
were lower.
January corn, up %c at the opening,
$1.38%, subsequently gained %c.
May corn opened up %c at $1.34%, but
lost %c later.
.Tulv corn, down %c at the opening,
$1.32%, gained its early loss later.
CHICAGO GRAIN.
—Jan. 10 —
CORN—Open. High. Low. Hose.
Jan. 1.40 1.40% 1.37% 1.38% *2%
Mav. 1.35% 1.35% 1.33 1.34% 12
July 1.33% 1.35% 1.31% 1.33% *l%
AATS -
May. 84 84% 81% S3 *l%
July 77% 77% 76 and %
PORlv— ’ . „„
Mav. 39.10 39.10 38.55 38.80 • .-.O
LARD—
Jan. 24.00 24.00 23.80 23.90 * .55
Mav. 25.30 25.35 24.75 24.75 * .i0
July 25.60 25.60 25.15 2*5.22
RIBS—
.Tan. 20.90 20.90 20.25 20.90
July 21.05 21.05 20.70 20.70 • .45
"Decrease under yesterday’s close.
CHICAGO CASH GRAIN.
CHICAGO. Jan. 10.—Corn—No. 2 yel
low, $1.49@1.49%; No. 3 yellow, $1.49@
1.50: No. 4 mixed. $1.46@1.46% ; No. 4
white, $1.46@1.47; No. 4 yellow, $1.46@
1.47%. Oats—No. 1 white. 86%@86%c;
No. 2 white. 85%@86%c; No. 3 white,
84%@85%c; No. 4 white, 84%e.
TOLEDO CLOSE.
TOLEDO. 0., Jan. 30. Corn—No. 3
yellow, cash. $1.53. Oats—No. 2 white,
cash, 89%@90%c. Barley -Cash, $!.59.
Rye—No. 2 cash. $1.85. Cioverseed—Casb
nnd January. $33.10; February, $33.15;
March, $33.10; April. $32.95. Alsike—
December and March. $33. Timothy
Cash, 1917 aud 1918, $6.02%; cash. 1919,
and January. $6.17%; March, April and
May, $6.30. Batter—7oc. Eggs 77c.
INDIANAPOLIS CASH GRAIN.
—Jan. 10
Corn—Easier; No. 3 white. $1.53@1.55;
No. 4 wbite,ssl 54@1.51 %: No 4 yellow,
$1.48%; No. 5 yellow. $1.44%; No. 4
mixed, $1.48; No. 5 mixed. $1.44
Oats Easy; No. 2 white, SS@SS%e;
No. 3 white. 87c.
Hay —Firm: No. 1 timothy, $31@31.50;
No. 2 timothy, $30@30.50; light .-lover
mixed. $30@30.50; No. 1 clover mixed,
529.50@30.
- 1 nspeot ions-
Corn -No. 3 white, 1 car; No. 4 white.
15 cars; No. 4 yellow. 10 cars: No 5
yellow, 5 cars; No. 3 mixed. 1 car; No.
4 mixed. 4 cars; No. 5 mixed. 1 en r :
No. 6 mixed, 1 car; ear, 1 car; total, 39
car*
Oats—No. 1 white, 7 cars; No. 2 whi*e,
11 cars; No. 3 white, 2 cars; No. i white.
1 ear; No. 2 mixed, 2 cars; total, 2'!
ca rs.
Hay Standard timothy, 1 car; No. 2
tiinotnv, 1 car; No. 3 timothy, 3 cars;
total, 5 cars.
t'OM PA RATI 4 E STATEMENT.
-Jan. 10.—
Gut put of Flour Rbls.
Jan. 10, 1920 16.831
Jan. 3. 1920 11.978
Jan. 11, 1919 4 257
Jan. 12. 1918 4,254
Inspection for Week Bushels
1917. 1918.
Wlic„t 120,000 23.000
l orn 273.000 130.000
Oats 262.000 34,(00
Rye ’ 1,500 4,000
Stocks In Store—
• Wheat. (’nrn. Oats. Rye.
•lan. 10. 1920 .576 2(V 331.810 122.410 4. ogO
Jan. II 1919..290.570 441.3(0 330.080 15.820
Jan. 12. 1918.. 36.610 324.550 4)11.770 16,850
IVAGON MARKET
The following are the Indianapolis
prices of hay and grain by the wagon
load :
Hay —Loose tunothr. ssl @32 a tou ;
mixed. $30@33 ; clover, $.3n@33.
Corn $1.50(31.60 bushel.
Oats 87@90c bushel.
Straw—Wheat, sß@9 ton; oats. $14@15.
Will Use Wild Boar
in Breeding Tests
AMES. Ta . Jan. 12. A wild board from
Africa was received by the experiment
station of lona State college Saturday
for use in type test and other breeding
work. Kansas State Agricultural college
reeptyed the board from tts original home
and used him tn n number of tests and
sent the boar to Ames as a gift.
All of our present day breeds have
heci developed from the Suscrofa, the
species to which this wild boar belongs,
and the station hopes to do some Inter
tstlng fundamental work with the ani
mal. He has large tusks and his hair,
gray in color, Is very long. His ears
are black and stand upright. Although
he weighs only 150 pounds, he does not
lack in fierceness.
RETAIL COAL FRICKS.
Indiana Linton, No. 4. lump $ 6.76
Indiana, No. 5. lump 6.75
Indiana egg and out 6.75
Indiana mine run 6,00
Indiana nut and slack 5.50
Brazil block 8.00
West Virginia splint lump 8.50
Kentucky eastern lump 8.50
Pocahontas shoveled tump 10.00
Pocahontas mine run 8.50
Pocahontas nut and slack 8.00
By-product coke, all sizes 11.25
Anthracite, all sizes 13.00
Blossburg, Smithing.. 10.00
West Virginia Caaael lump 11.00
Illinois lump, Harrisburg 7,50
Hocking Vailev lump 8.50
Coal and cose ai yard, soc per ton less.
Kindling with coal, 15c a bundle; sep
arate delivery, 10 bundles. $2.
Charcoal, 20 lbs to bushel, wagon lots,
45c bushel; small lots. 50c bushel.
- Extra Service Charges—
-75c per tou dumped and wheeled extra
nan.
$1 per ton wheeled from wagon by
driver.
$1.25 bags Pct ion ground floor.
$1.50 bags per ton carried Into cellar.
CHICAGO STOCKS.
(By Thomson & McKinnon’s Wire.)
' Open, Close,
•Booth Fisheries 15 15
Carbide and Carbon 76 76%
Cudahy Packing Cos 103 103
Diamond Match 130 131%
Libby 29% 21)%
Lindsay Light 8% 8%
Sears-Roebuck 235 235
Stewart-Warner 42% 42%
Swift i Cos 132% J 32
Swift International 58 58%
Armour pfd 110% 112%
| National Leather 18 18
Tonnage of Steel
Gains in December
NEW YORK, .Tan. 10. —Unfilled toq
nage of the United States Steel Corpora
tion totaled 8,265,366 on Dee. 31, it was
announced today. This was art increase
lof 1.137,036 over the Nov. 30 figures,
j which were 7,128,330.
Housewives’ Market
~ 1 ' "■-
The following prices are the general
prices charged at the city market of
tained by striking an average of the
prices charged at various stands:
Apples, choice, per In $ ,05@10
Asparagus, bunch 15@20
Bananas, dozen 20@30
Beans, stringless, lb .30
Beaus, navy, lb .11
Beans, lima lb .18
Beans. Colo, pintos, lb .>
Beets lb ... .10
Brussels sprouts, box .25
Carrots 2 lbs .15
Cabbage, lb -. .19
Cauliflower 25@35
Celery, bunch 10@15
Cranberries, lb .10
Cucumbers, hothouse, each .... ,30@>35
Eggplant, each .25
Grapes, Imported, 1b... .50
Head lettuce, each .20@30
Grapefruit, each 07%@15
Lemons, per doz. 25@30
Lettuce, leaf,, per lb .25
Onions, lb 06@10
Onions, Bermudaa, each 10@15
Onions, green, bunch .19
Parsley, per bunch .05
Parsnips. 2 lbs .15
Pineapples, each .30@40
Potatoes, peck \ .65
Pears, Anjau, lb .20
Peppers, green, each -05_
Potatoes, 5 and 6 lbs .25'
Radishes, %-lb .10
Rice, lb .18
Rutabagas, each -10@15
Spinach Ib .25
Strawberries qt box 1.25
Sweet potatoes, ib .06%@10
Turnips, lb .19
Parsnips, lb 7 .10
MEATS.
Lamb chops, ib $ .40@4a
Leg of lamb, per lb 35@40
Boiled ham, per lb * .73
Smoked ham. per lb 40@50
Round steak, per lb .35
Fresh beef tongue .30
Smoked beef tongue 40@45
Roast beef 25@30
Flank steak .30
Beef tenderloin .50
Pork chops .30
Pork sausage .30
Pork tenderloin .60
Porterhouse steak 40@45
Chuck steak 28@30
Bailing beef IS@2O
Bacon 40@60
Loin steak .30
llama, wboi e .30
Lard, lb 33<@35
Lamb stew 15@25
Sparerlbs. lb .25
Shoulders, fresh beef .80
Shoulders, fresh pork .27
Beef liver 15
Teal chops 35@40
Veal steak .50
Calf liver 30@33
PRODUCE.
Hens, full dressed, lb $ .45
Frys, dressed, lb .50
Ducks, dressed, lb .48
Geese, full dressed, ib .45
Rubtilts. dressed, each 45@59
Eggs, fresh selects, doz .78
Eggs, storage, doz .58
Butter, creamery, lb 68@72
jrrTjflpipu,,. NEW ISSUE-Safeguarded by the “J. F. Wild plan ’ of
issuing 'Tax-Exempt Real Estate Preferred Stocks. This stock
is legally exempt in Indiana from local and state taxes and is
jog§liigSt $500,000.00
MARCUS LOEW INDIANAPOLIS REALTY CO.
_> 6% TMHEKPI PBEFEKRED STOCK
(Engraved from Architect's Drawing) - —"5
DIVIDENDS PAYABLE JANUARY IST, APRIL IST, JULY IST AND OCTOBER IST.
OPTIONAL AT 102% OF PAR, AND ACCRUED DIVIDENDS, AT ANY DIVIDEND PAYING DATE.
DATED JAN. 1, 1920 MATURITIES: SHARES SIOO.OO
$•5,000.00 due Jan. 1, 1922 $10,000.00 due Jan. 1, 1929 $15,000.00 due Jan. 1, 1936
5,000.00 due Jan. 1, 1923 10.000.00 due Jan. 1, 1930 15.000.00 due Jan. 1, 1937
5,000.00 due Jan. 1, 1 924 10,000.00 due Jan. 1, 1931 15 000 00 due Jan. 1, 1938
5.000.00 due Jan. 1, 1925 15,000.00 due Jan. 1, 1932 igOOOOO due liu 1 1939
5.000.00 due Jan. 1, 1926 15,000.00 due Jan. 1, 1933 1u,000.00 due Jan. 1 1939
10,000.00 due Jan. 1, 1927 15,000.00 due Jan. 1, 1934 15,000.00 due Jan. 1, 1940
.10,000.00 due Jan. 1, 1928 15,000.00 due Jan. 1, 1935 290,000.00 due Jan. 1, 1941
PRICE: 100 and Accrued Dividends, to Net 6% Income Yield
t.
The Company is the holder of a 99-vear lease upon the land and buildings occupying the entire one-quarter
of the block situated at the southeast corner of North Pennsylvania street and East Market street, in the City of
Jndianapolis, and extending soufh to Court street and east to the alley, with the exception of the Fletcher American
National Bank Building.
Tt will erect, as soon as possible after March 1, 1920, upon that portion of the property known a-s 27-29-31-
33-35-37 North Pennsylvania street, covering a frontage 0f'92.15 feet ou North Pennsylvania and extending east
to the alley, with a frontage of 202.50 feet on Court street, a three-story business and theater building which will
be thoroughly modern and fireproof and handsomely furnished with the latest theatrical equipment.
This property is just a few feet north of what is considered one of the highest priced pieces of real estate in
Indianapolis (The Qc]d Fellow Building), and this 99-year leasehold estate will greatly increase in value as time
goes on. Its favorable location makes it the most desirable property in the city for a business and theater enterprise.
The exact cost of the new building is not yet determined, but it will be not less than $600,000.00. nor more than $(50,000.00.
The common stock of the Company is authorized at $250,000.00 and has all been subscribed, and the money received fTom
its sale together with the proceeds of the salo of the preferred stock will be used to pay for the erection and furnishing of
the building.
in case the building costs less than $750,000.00, the amount of the stock issue will be correspondingly reduced In the pro
portion of one-third of common stock and two-thirds of preferred stock, if it should cost more than $750,000.00. the holders
of the common stock have agreed to furnish the additional money required, so there can be no possibility of any liens being
placed against the completed building.
The Company has agreed to lease to an operating company, whose stockholders are the same as those holding the common
stock of the Realty Company, the lutildings op this 99-year leasehold, including the new theater building, for a period of twenty
years, at a rental which will bo sufficient to meet all fixed charges, all operating expenses and to pay all dividends on this
Issue of preferred stock and to retire the same as it becomes due.
The Company will carry fire Insurance on the building and equipment in an amount at all times equal to the preferred
stock outstanding; also a reasonable amount of tornado insurance.
All legal matters pertaining to this issue have been passed upon by Messrs. Smith, Remster, Hornbrook &
Smith, attorneys, of Indianapolis.
We recommend this stock as a high-grade investment
It, is a preferred charge against, a building and equipment worth 50 per cent more than the entire amount
of the issue, and is also secured by a 99-year leasehold estate ofwhat is among the most valuable pieces of property
in downtown Indianapolis. ’ 1 „ _ja._
Send far 1 Circular No. 309, fully describing this issue
Orders may be telephoned or telegraphed at our expense
y *• *
* 1
Local Telephones Long Distance
Bell-Main 7050 f P \AI I I MDA KE V Telephones
Main 1880 F I L fj WW iMII f Bell—Main 7375
Autu—24-377 Ijjffijjjjjpk Auto—24-377
INDIANAPOLI^
# Wholesale Meats
Smoked meats shown call for discount
of %c lb for order of 150 of one item;
250 lbs and over discount of %c Ib.
PORK.
HA MS-
Regular, 14 to 16 lbs .31
Skinned. 12 to 14 ltas .33
Fancy boiled .47%
BACON—
Fancy breakfast, 5 to 7ffbs.. .47
Sugar cured, 14 to 16 1b5.... .31
Sugar cured squares .28%
Fancy sliced, 1-lb cartons.... .53
PICXICSV-
Sugar cured, 5 to 7 lbs .25
S4LT MEAT—
Dry salt jowl butts .19%
LARD—
Refined, tierce basis .27
Open kettle, tierce basis .28
FRESH PORK—
Spare ribs . .22
Shoulder bones ,09
Tenderloins .57
Dressed hogs .22
Light loins, 7 to 9 lbs .28%
Extra light loins, 4 to 6 lbs.. .30%
Fresh boneless butts .31
Boston butts .26
Skinned shoulders .23
SAUSAGE—
Breakfast, in 1-lb cartons.... .30
Standard, fresh, bulk .18%
hog casings .19%
Bologua v .17%
FRESH BEEF.
The following prices are on first qual
ity No. 1 government inspected meats
only:
Medium steers, 400 to 500 lbs .17
No. 2 heifers .15%
Native cows .19@.24
Medium cows .13
LOINS—
No. 3 .20
RIBS—
No. 2 .39
No. 3 .20
ROUNDS—
No. 3 .20
No. 2 .22
CHUCKS—
No. 3 .14
PLATES—
No. 3 .11
VEAL.
CARCASSES—
No. 1 quality 24@.26
No. 2 quality 14%@.15%
CLEVELAND PRODUCE.
CLEVELAND. Jan. 10 - Butter—Cream
ery, in tubs, extra, 08@6S%c; extra firsts,
67@67%c; firsts, 66@66%c; prints, lc
higher; seconds, 64@65e; parking. 45c.
Eggs—Northern extras. 73c; extra firsts,
72c; northern firsts, new cases, 71c; old
cases, 70c; southern and western firsts,
new cases, 70c; refrigerator extras, 55c.
Poultry—Live fowls, 27@28c; heavy
grades. 34@35c; roosters, old. 21c;
springers. 27@28c; heavy grades, 33(0
34c; ducks. 38@40c; geese, 25@33c;
turkeys, 40@45e.
Mail Farmers New
Assessor’s Blank
Anew form of statistical report to be
secured by township assessors for Indi
ana farms for 1919 agricultural -informa
tion was milled to the different town
ships today by George C. Bryant, field
agent of the co-operative crop reporting
service for Indiana. It is divided into six
parts and conforms very closely to the
United States census agricultural sched
ule, except that production figures are
eliminated and only acres and numbers
are asked for on the assessors' report.
The first part comprises only the acre
age of the farm, whether owned or
rented, and is olasified according to the
use made of the land; the second part
asks for the acreage devoted to crops
and is classified by cereals, bay and for
3ge. seed, commercial truck, small fruit
and miscellaneous crops; phe third cov
ers duplicated areage.
The fourth part, in which the greatest
change is made, is devoted to live stock,
which is in two divisions, the first show
Ing the numbers of all kinds of animals
on farms by age. and the number ot
deaths from disease; the second showing
the breeding stock by classes; part five
pertains to orchards containing' trees ot
nearing age, and part six asks a number
of miscellaneous questions regarding
farm operations.
The schedule is regirded as a great im
provement over previous efforts and com
ing at the same time as the United States
census it rs hoped the farmers of the state
will be more interested thah heretofore,
and where possible will preserve for the
assessors the data they give to census
enumerators.
LOCAL HIDE MARKET.
Green Hides—No. 1,22 c; No. 2,21 c.
Green calves—No. 1,50 c; No. 2, 48%e.
Horsehides—No. 1, $10; No. 2. $9. Cured
hides—No. 1,25 c; No. 2. 24c.
CENTRAL STATES AGENCIES
incorporated under the laws of the State of Indiana
Financial Brokers and Underwriters
Market Prica Paid for Liberty Bond*
Phones £££* 127 Market St., Indianapolis
Money to Loan on Mortgages
STATE LIFE INSURANCE CO.
Grain Prices Recover After
Lower Opening.
PRODUCTION IS
NEED OF TODAY
New York Banker Says Check
Unnecessary Promotion.
NEW YORK, Jan. 12.—“ Stimulation ol
production of necessities, not promotion
of unnecessary enterprises, is the out
standing need of the day.'’ James S.
Alexander, president of the National
Bank of Commerce, declared today in
an interview with the Dow-Jones finan
cial news service.
"Through adequate production a salu
tary check may he brought to bear on
the high cost of living, 1 ’ Alexander as
serted.
"As long as present condition endure,’’
Alexander continued, “ it will be neces
sary for elements of the public to main
tain a more responsible attitude toward
the credit resources of the nation.
jna ybe said extension of credit no
is a matter of private business arrange
ment between Individuals and banks, but
that credits must be looked upon as one
of our national essential resources.
Credit arrangements therefore must con
sider the public interest.”
CHICAGO TBODI'CE.
CHICAGO, Jan. 10.—Butter—Receipts.
4.877; creamery extra, 63%c; firsts, 57@
62c; packing stock, 40@44c. Eggs—Re
ceipts, 3.765; current receipts, 55@68c;
firsts. 70@71c; extras, 40@45c; checks,
45@50c. Cheese, twins, new, 37c; dairies,
32@32%c: young Americas, 32%c; Lon
horns, "32%c: brick, 30c. Live poultry—
Turkeys, 40c; chickens, 28c; springs, 27c;
roosters. 20c : geese, 26c; ducks, 31c. Po
tatoes —Receipts. 49 cars; Minnesota, Da
kota and Ohio, $4.35@4.50.