Indiana daily times. [volume], March 12, 1920, Home Edition, Image 18

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

Image provided by: Indiana State Library

                
KKS RESIST
pressure
Open Higher and Generally
Withstand Attack.
NEW YORK. March 12.—Vigorous buy
ing at the opening of the stock market
'lay caused upturns of from fractions
ir> 10 points In ail of the active issues.
Steel common sold at 100%, an upturn
f%. Baldwin Locomotive rose 1%, to
122%; Crucible Steel 2%, to 231, and
Bethlehem Steel B 1 point, to 93%.
General Motors led the motor group
■■■ ith an advance of 10 points, to 333%.
Bierce Arrow rose 1%, to 66; Studebaker
’ %, to 98%. and Chandler Motors 2%, to
147.
Mexican Petroleum, selling ex-dividend
of 2% per cent, rose 3 points, to ISS.
Uan-American Petroleum sold ex-divi
dend of 1% per cent and after receding
to 93%, rose to 95%, a gain of 1% from
yesterday's close.
Texas Company was 2% higher, at
200%. Reading was most active of the
rails, advancing 1% to 85%. New Haven
rose 1% to 36% and Southern Pacific
nearly 1 point to 101%. Industrial Al
cohol continued in demand, advancing
3%, to 94%. /
After its display of strength, the mar
ket was subjected to pronounced pres
sure, causing a heavy tendency during
the forenoon, although there seemed to be
good buying on all the reactions.
Steel common dropped over l Jhint to
99%. recovering again to 99%. Mexican
Petroleum dropped 2% to 185%, and Pan-
American Petroleum yielded over 1 point
to 94%.
General Motors, after selling up to
333%, broke 8 points. Studebaker
yielded 1% to 97.
Rock Island advanced to 39, and then
yielded over 1 point, while Reading fell
1% to 83%.
The lower priced oils were in demand.
Sinclair selling up to 44%, Trans Oil to
28%, and Midde States Oil to 38.
The market was subjected to severe
pressure during the early afternoon,
many of the early gains being wiped out.
The market closed weak. Government
bonds unchanged; railway and other
bonds weak.
1
Ex-Dividend Today |
American Beet Sugar, pfd., q., sl%.
American Hide and Leather, pfd., q.,
1% per cent.
American Locomotive com., q., 1% per
; cent; pfd., q., 1% per cent.
American Smelting Securities, pfd. A,
q„ 1% per cent; pfd. B, q., 1% per cent.
Booth Fisheries, pfd.. q.. 1% per cent.
Chino Copper, q., 37% cents.
Coca Cola, com., init.. sl.
Domestic Iron and Steel, pfd., q., 1%
. per cent.
Domestic Steel, pfd., q.. 1% per cent.
Lehigh Valley railroad, com., q., 1%
per cent: pfd.. q.. 2% per cent.
Mexican Petroleum, coin., q., $2%: pfd..
, !-. $2.
Montana Pow., com.. <)., % per cent;
pfd.. q., 1% per cent.
National Lead, com., q„ 1% per cent.
Nevada Consolidated, q„ 25 cents.
Pan-American P. and TANARUS., com., q.. sl%;
>!, >|., *l%: pfd. q., sl%.
Hay Consolidated Copper, q., 25 cents.
South Penn. Oil, q., $5.
Union Pacific, com., q., 2% per cent;
til., s. a., 2 per cent.
•Subject to arrangements with United
Hates government.
NEW YORK LIBERTY BONDS.
NEW YORK, X. Y., March 12.—Libert y
>oml quotations: 3%5, 96.10; first 4s.
9 .74; second 4s. 89.54; first 4%5, 91.04;
second 4%5, vj.SB: third 4%5, 93 10;
fourth 4%5. 90.12; Victory 3%5. 97.36;
\ ietory 4%5, 97.38.
NEW YORK METALS.
NEW YORK, March 12.—Copper quiet:
spot and March .offered at I8%c; April
offered at 18%e; May and .Tune offered
at 18%c. Lead firm: spot. March and
April, 9%c bid. Spelter quiet: spot.
March, April. May and .Tune. $8.7008.80.
MOTOR SECURITIES.
(By Thomson & McKinnon.l
—Opening—
Bid. Ask.
Briscoe 02 64
Chalmers com 5 7
Packard coni 25% 26
Packard pfd 93 ' 95
Chevrolet 350 500
Peerless 40 45
Continental Motors com 11% 12
•Continental Motors pfd 100 102 1
Ilupp pfd 99 102
Keo Motor Car 26% 27
Elgin Motors 8% 9
Grant Motors 9% 9% j
. Ford of Canada 415 430
United Motors 'Pi tin j
Federal Truck 70 72
Paige Motors 43 45
Republic Truck 39 40%
ACTIVE OIL STOCKS.
ißv Thomson & McKinnon.l
Opening— j
\ * Bid. A*k. I
Anglo-American Oil 27% 28
Atlantic Refining 1550 Hits!
Borne-Scrymser 425 440
Buckeye Pipe Line 94 97
I 'hesebrougli Mfg. Cons 239 245
; Continental Oil. Colorado... 600 625
Cosden Oil and Gas ,8% 9
Crescent Pipe Lin- 22 34
Cumberland Pipe Line 140 150
Elk Basin Pete 10% 11
Eureka Pipe Line 138 143
Galena-Signal Oil, pref 95 98
Galena-Signal OH, com 63 68
Illinois Pipe Line 175 JBS
Indiana Pipe Line 97 100
Merritt OH 19% 19% ;
Midwest Oil 1% 2
Midwest Ittg 173 * 175
National Transit 29 31
New York Transit 185 190
Northern Pipe Line 100 101
Ohio Oil 370 380
Penn.-Mex 50 '6O
Praiti? Oil ami Gas... 070 (80
Prairie Pip' Line 559 555
8a pul pa Kcfg 5% 6% !
Solar Refining 350 .375
Southern Pipe Line 148 153
South Penn Oil 340 350
Southwest Penn Pipe Lines, v 7 po
Standard Oil t'o. of Cal 343 348
Standard Oil Cos. of 1nd....*810 835 j
Standard Oil Cos. of Kas 015 035 j
Standard Oil Cos. of Ivy 450 475
Standard Oil Cos. of Neb 510 535
Standard Oil Cos. of X. J.... 780 785
Sandnrd Oil Cos. of X. Y.... 458 412
standard Oil Cos. of 0hi0.... 500 525
Swan & Finch 95 1(0
Union Tank Line 130 135
-Vacuum Oil, 450 460
Washington Oil 37 12
Sterling Exchange
Takes Sharp Slump
NEW YORK, March 12.—A violent
slump iu sterling: occurred today when
hills in London were quoted at the
opening at $3.65%, a decline of 8c from
yesterday’s close.
Immediately after the opening ster
ling recovered slightly to $2.0614. Francs
opened at 1.1.52. off 13 centimes, and lire
is. 20, off 43. Marks were .0130 and
United States dollars on Canada $1.2312.
Early in the afternoon sterling rallied
to $.1.7014.
CHICAGO PRODUCE.
C HICAGO. March 12.—Butter-Re
•• )ts. 5,634 tnhs: creamery extra, 6814 c;
siindarU, fll’/bc: firsts. t>3g 6714 c; seconds,
52<g56e; packing stock. 33@38c. Eggs—
Receipts. 11.10) cases; current receipts,
•miscellaneous, 41@42c; ordinary firsts. 35
f&Hl%c; firsts, 43c; checks, 35'g137c; dlr-
r :< s. 38c. Cheese—Twins. new, 28®
28>4c; dairies 29® 29 Vic; Young Amer
icas. 30@30tic: longhorns. .10@30V4c;
brick. 27c. Live poultry—Turkeys. 4t*';
chickens, 39c: stags, 33c; roosters, 25c:
geese. 22c; ducks. 38c. Potatoes —Re
ceipts. 25 cars; Minnesota. Dakota and
Ohio. $5.25(§5.50 per 100 lbs.
LANDS.
JANDOLOGY, A MAGAZINE HIVING
the facts In regard to the land aitua
f. -i. Three toon the’ subscription. FREE,
i: for a '-.onto or as an investment you
are thinking of buying good farm lands
virnply wilt*- n.e a letter and say, Mill
a.e lAN OOLOGY and all particulars
TREE ” Address Editor. Landotogy
‘.•kidmors Land Cos.. 113 Skidmore bldg'
Marinette Wit.
TRANSFER AND BTORAGE~
>/ STORAGE CHEAPEST
. / it W RATES IN CITY. CALL
t'-'j if I if L;s - Everything at rea
f ( j| anywhere.
30 '.Vest Hwry. Main 4698.
)Hxis _ TUKMXCKK AND STORAGE
CO. 227-229 North New Jersey street.
2V2% -
t uCXL IN 1} OVERLAND HAULING. O.
t, TT~TRA.V£:FJ;r CO.. *?* East Wash-
stieet. Prospect 1292.
TODAY’S
MARKET NEWS
IN BRIEF
NEW YORK STOCKS.
Market opened higher. Severe pres
sure developed, but only succeeded in
depressing values temporarily. On the
rebound stocks recovered. Pressure be
came intense in afternoon and many of
early gains wiped out. Market closed
weak.
GRAINS.
Indianapolis Cash—Corn, steady to lc
lower; oats, steady to %o higher; hay,
firm.
Chicago Cash—Corn, uuchanged; oats.
%01c lower.
Chicago Futures—Corn. %@%e lower;
oats, %@%c lower.
Toledo Cash—Corn, %c higher: oats.
%c lower; rye. steady; barley, steady.
LIVE STOCK.
Indianapolis—Hogs, 15@25e higher:
cattle, 10@25c higher: calves, strong to
25c higher; sheep, steady.
Chicago—Hogs, 15@25c higher; cattle.
25c higher; sheep, slow to 25c lower.
PROVISION’S.
Chicago Board of Trade —Pork. 40@45c
lower; lard, 10c higher; ribs, 2@3c lower.
Local Stock Exchange
STOCKS.
Bid. Ask.
: Ind. Ry. & Light com 55
Bid. Ry. & Light pfd 90 96
Indpls. & Northwest, pfd 75
Indpls. & Southeast, pfd 75
Indpls. St. Railway 40 00
i T. H., T. & Light pfd 76
|T. H., I. &E. com 1% 6
!T. H., I. &E. pfd 9% 16
U. T. of Ind. com 1
! U. T. of Ind. Ist pfd 5 11
U. T. of Ind. 2d pfd 2
Advance-R imply Cos. com... 38
i Advance-Kuinely Cos. pfd.... 09 ...
•Aui. Central Life 235
Am. Creosotiug Cos. pfd ‘.*7
It-It Rallro.-iii coin 110 120
Belt Railroad pfd 53%
Century Bldg. Cos. pfd 99% ...
Cities Service com
Cities Service pfd
Citizens Gas Cos., 1917 36
Citizens Gas, prior to 1917.. 38% ...
Podge Mfg. Cos. pfd 99 ...
Horae Brewing 60
Indiana Hotel com 00
Indiana Hotel pfd 99
Ind. National Life 4% ...
Ind. Title Guaranty 72
Indiana Pipe Line 94
Indpls. Abattoir pfd 49% 52
Indianapolis Gas 53 56
Indpls. Tel. Cos. pfd 69 75
Indpls. Tel. Cos. pfd 69 78
Lemeke Realty Cos. pfd 95 ...
Mer. Pub. Util. Cos. pfd 55
National Motor Cos 20 23
Natl. Underwrit. Cos ...
Public Savings 2% ...
Raub Fertilizer pfd 50
Standard Oil of Indiana... 819
Sterling Fire Insurance 8% 10
Stutz Motor Cos
Van Camp Hdw. pfd 99
Van Camp Pack, pfd 100
Van Camp Prod. Ist pfd 100 ...
Van Camp Prod. 2d pfd 99
Vandalla Coal com 5
Vandalla Coal pfd 12
Wabash Hallway pfd....... 28 ...
Wabash Railway com 9 ...
BONDS.
Broad Ripple 5s 53
Citizens Street Ky. 5 79 83
Ind. Coke & Gas Cos. Os 92
Ind. Creek Coal & Min. 6.. 98
Ind. North 5s ...
Ind. Union Trae. ss.'
ludpls.. Col. South. 55.... 88 ...
Indpls. & Greenfield 5s 95
Indpis & Martinsville 55... 55 ...
Indpls. & North. 5s 35 41H
Indpls. & Northwestern 5 65
Indpls. & Southeast, 5s 44
Indpls., Shelby. & S. E. 5s
indpls. Street Ry. 4s 59 65
Indpls. Trac. & Ter. 5s 64 ty 74 Vt
Kokomo, M. &M. 5s S3\4 Btt
T. 11., I. & E. 5s
Union Trae. of Ind., 6s 70
I Citizens Gas 5s 79*4 82V4
Ind. Hotel Cos. 2d 6s 97*4 100
Indianapolis Gas 5s 72 82
Ind. L. & H. 5s 79 86
' Indpls Water 5s 89 93
Indpls, Water 4Vs 72 7T\
M. H. & L. ref 5s 89 93
New Tel. Ist 6s 93
New Tel. 2d 5s 8
New Tel. Lons Dlst. 5 81
South. Ind. Power 6 91
BANKS AND TRUST COMPANIES.
Aetna Trust 100 108
Bankers Trust 117
City Trust 80
Commercial National 72*4 ...
Continental National 111*4 •••
Partners Trust .390
Fidelity Trust 116 ....
Fletcher American National 257
Fletcher Sav. & Trust C 0... 167
Indiana National 286 296
Indiana Trust 206
Live Stock Exchange 382
Merchants National 261
National City 114 120
Peoples State 176 ...
Security Trust 115
State Savings & Trust 91 97
Uuion Trust C 0... 366 ...
Wash. Bank & Trust C 0.... 131
LIBERTY BONDS.
Liberty 314s 96.20 96 50
Liberty first 4s 90.50
Liberty second 4s 89.48
Liberty first 4*4 s 91.02 91.30
Liberty second 4*4* 89.80 1)0.00
Liberty third 4%a 93.12 93.50
Liberty fourth 4*4s 90.12 90.20
Victory 3%s 97.36 07.56
Victory 4% s 97.32 97.52
Local Bank Clearing
Friday $3,010,000
Same day last year 2,237.000
Increase over last year 773.000
WHOLESALE FEED PRICES.
(Acme-Evans Cos. )
Ton Sax. C t.
Acme bran $51.00 $2.60
Acme feed 53 00 2.70
Acme middlings 59.00 5.00
Acme dairy feed 74.00 3.75
K-Z Dairy feed 59.00 :,.00
Acme H. and M 69.00 3.50
C. O. A R. chop 59.00 3.00
Acme stock feed 55.50 2.80
Acme lartn feed 59.50 .{.(.0
Cracked corn 67.75 3.45
Acme chicken feed 71.25 3.60
Acme scratch 68.25 3.45
E-Z-Scratch 61.75 3.30
Acme dry mash 70.00 3.55
Acme hog feed 67.00 3.40
Acme barleycorn 70.25 3.55
Ground barley 77.00 3.90
Ground oats 67.50 3.40
Honilik white 69.00 3.50
Rolled barley 77.00 390
Alfalfa Mol t Kobe
Oil meal 86.00 4.35
Cottonseed meal 80.00 1.05
FLOUR AND CORN MEAL
E-Z-Bake. Imsis 98 pounds cotton
sacks, barrel $13.80
Com meal, 100-pound cotton sacks.’
barrel 4.00
GRAINS.
■Shelled corn, 2-bu sacks, bu $1.71
Shelled corn, large lot, bu U6I
Oats. 3-bu sacks, bu \,<y\
RETAIL COAL PRICES.
Indiana Linton. No. 4. lump e avs
Indiana, No. 5, lump g'7s
Indiana egg and nut 975
Indiana mine run \ g'gq
Indiana nut and slack {s\%o
Brazil block ' g’^j
West Virginia spliut lump &50
Kentucky eastern lump
locahontas shoveled 1ump...., loot)
Po<aaontas mine run g^
Pocahontas nut and slack ’ g'qq
By-product coke, all sizes 1125
Anthracite, ail sizes 13 00
Blossburg, smithing jooo
West V’lrglnla Cunnel lump 1100
Illinois lump. Harrisburg 7150
Hocking Valley lump
Prices on coal delivered at curb. Extra
charge for service when additional labor
Is required:
Coal and coke at yard, 50c per ton less
Kindling with coal, 15c a bundle; sep
arate delivery, 10 bundles, $2.
Charcoal, 20 lbs to bushel, wagon lota
46c bushel; small lots. 50c bushel.
The following prices are paid for
poultry by local dealers:
—Extra Service Charges—
-75c per ton dumped and wheeled extra
■lan. v
drive/* 61, ton wheeled fjfem wagon by
$1.25 bags per tiSn floor.
bags per ton cellar.
HOGS ADVANCE
15 TO 25 CENTS
Supply of 4,000 and 1,000 Left
overs Meet Good Demand.
RANGE OF HOG PRICES.
- Jood uooa Good
Mixed Heavy Light
150 to 225 lbs. 130 to
Mar. 250 lbs. up. 210 lbs.
! 3.114.76® 15.76 U4.60®15.65 *15.6® 15.75
. 15.25®1;00 1 5.00 ® 15.85 1 5.85 ®1 6.00
| 8. 15.00 ® 15.85 14.60®15.75 15.75 @ 1 6.09
9. 15.0C@H5.85 14.50@15.75 15.75 @16.00
'lgl. 15.00 @ 15.85 1 4.50@ 1 5.73 15.75@16.00
11. 15.25 ©lfi.eC. 14.50@15.85 15.85® K.OO
12. 13.50@H5.15 14.50@H6.00 te.00@16.25
In addition to the fresh receipts of at
least 4.000 hogs there were a few inure
than 1,000 hogs left ovoi from Thursday,
but the combined supply was hardly as
large as the trade has absorbed for
some timo. The natural inclination <f
the n-.arket was toward a higher level
and this was strengthened by the pres
ence of a limited number. urgent out
side orders. The competition from all
sources was most, lively for the good hogs
averaging less than 22T pounds and Hie
principal part of an advance of 15c to
25c was on the prices of that class of
hogs. The bulk of the sales were at sl6
to $10.25. rarely lower than $16.10 for
the lightest weights. Local packers had
little opposition in the market for the
heavier grades and most of the sales
from $14.50 to 51d.50 were steady with
the day before but, occasionally, trans
actions wore 10c to 25c higher than pre
dominating prices. There was a poor de
inand for light pigs and they were more
or less lower with sales from $14.25
down, but this was offset by the sales
of heavy pigs that sold up to $15.50. The
market for sows was a trifle higher at
$13.25 down.
Cattle.
Cattle buyers were In the market at
the tap of the bell, and from the start
there was aggressive competition for
the heifers and cows that wire suitable
for slaughter. There was a disposition
to avoid a further advance in prices
but rather than take a chance buyers
put on 10c to 25c here and there, and
: this ma tea slightly higher average in
I Hit- general cost without a definite raise
in the list of quota! lons. Price* of
heifers as high as sl4 and odd cows as
high as $12.50 were the highest the .fe
male cattle have sold here since in Janu
ary. There was no improvement iudl
eated in the market for steers or bulls.
Calves sold strong up to $19.50 and the
medium calves from sl7 down were some
what higher. Feeders were steady.
Sheep.
There were fewer than 200 sheep and
lambs for the Friday market and more
tiisn 100 of the receipts were western
fed iambs that sold at sl9 25. This ana
the other sales of small bunches were
steady as compared with prices prevail
ing heretofore this week.
CATTLE.
f —Steers—
Prime cornfed steers, 1.300
lbs and up $13.30(314.00
Good to choice steers, 1,300
lbs and up 13,00(813.50
Common to medium steers,
1,300 lbs and up 12-50(8:13.00
Good to choice steers, 1,100
to 1.200 lb* 11.50012 50
Common to medium steers,
1,100 to 1,200 lbs 10.30®11.50
Good to choice steers. 900 to
t.OOO lbs 10.60@1t.n0
Comrnou to medium steer*.
POO to 1,000 lbs '■ 10.00
Good to choice yearlings 1..00013.00
—Heifers and Cows—
Good to choice heifers 1100012.30
Fair to medium heifers 9.75010.75
Common to light heifer* 8.500 950
Good to choice cow 5......... 9.50® 12.00
Fair to medium cows 8 500 9,23
Canaers and cutters 5,000 8.25
—Bulls and Calves—
Good to prime export bulls. 0000 950
Good to choice butcher bulls 8.500 900
Bologna bulls i 00® B<s>
Common to best veal calves. 12.00019.00
Common to best heavy calves 7.00011.00
—Stockers and Feeding Cattle—
Good to choice steers, 800 lbs
and up.... 10.00011.00
Common to fair ateers, 800
lbs and up 9.000 9.50
Good to Choice steers, under
800 lbs 9J50@10.00
Common to fair ateers. under
800 lbs 8-00® 9.25
Medium to good cows 6.250 7.25
Medium to good heifers.... 7 (*X@ 7.50
Fair to best milkers 75.000126 00
Stock calves, 250 to 450 lbs. 7.00010.00
noGS.
Good to beat heavies, 275 lbs
average up 14.50015.50
Good, 225 to 275 lbs average.. 15.00016.00
Medium and mixed, 150 to
250 lbs 1550018.16
Good to choice hogs, 150 to
225 lbs 15.85018.23
Common to best lights, down
to 130 lbs 15.75® 18.15
Roughs and packers 11.00@13.25
Bulk of sows 12.50013.00
Best pigs, under 140 1b5..... 15.00015.50
Light pigs 14.25 down
Bulk of good bogs 15.50016.25
SHEEP AND LAMBS.
Good to choice sheep 9.00® 9.50
Common to medium sheep... 5.000 8.0,(
Good to choice yearlings... 13.00014.00
Common to medium yearlings 10.00@12.00
Western fed lambs 18.00019.50
Good to choice lambs 17.60018.00 1
Common to medium lambs... 14.00017.00
Bucks, per 100 lbs 7.000 8.00
Other Live Stock |
CINCINNATI, March 12. Hogs—Re
celpts. 5.000; market slow and steady;
heavy. mixed and medium.
sl6; light. $13.75: pigs, sl4; roughs, sl2;
stags, $9. Cattle- Receipts, 800; market
! active and strong; bulls steady; calves,
$18.60. Sheep—Receipts, 250; market
steady: lambs weak and lower.
CLEVELAND, 0., March 12.—Hogs—
Receipts, 2,500; market 25@35c higher;
yorkers, $16.25® 16.35; mixed, $16.25®
’ 16.35; medium, sls! pigs. sls; rough,
I $12.50; stags, $9.50. Cattle—Receipts.
300; market steady. Sheep and lambs -
j Receipts, 200; market steady; top, s2l.
; Calves—Receipts, 200; market higher;
lop, s2l.
CHICAGO, March 12.—Hogs—Receipts.
22.000; market 25c higher; bulk, sl4.iw®
15.80; butchers, $14.60® 15.90; packers,
$13.40® 13.50; light. $14.50(<J15.60; pigs,
! $13.25® 14.65 ; roughs. $12.25® 12.85. Oat
i tie—Receipts. 6,500; market 25c lower;
1 beeves, $9.75®!5.50; butchers, $7.10(013.25;
canners and cutters. $4.75(07.50: mockers
and feeders. s7@l2: cows, $7.10@13.25;
calves, sl6® 17. Sheep Receipts, 9.009;
market steady, lower; lambs, $14@19.65;
ewes, s6® 14.50.
PITTSBURG, March 12. Cattle—Re
jeeipts light; market steady; choice, sl4
@14.50; good. $12.50® 13.50; fair, $9,504)
10.50; veal calves, slß@l9. Sheep and
'lambs—Receipts, light: market steady;
j prime wethers sls® 15.50; good. $130.-14;
I fair mixed, slo® 12; spring lambs, sl3®:
I 20. Hogs—Receipts. 10 doubles; market
I active; prime heavies, $15@15.25; me
diums. $16.50® 16.73; heavy yorkers,
j $16.50® 16.75; light yorkers, $15.60@16:
pigs, $15@15.20; roughs, $11@13.50;
i stags, s9®lo.
EAST BUFFALO, N. Y„ March 12.
i Cattle—Receipts, 400; market slow and
steady; shipping steers, $13.50® 15;
butcher grades. $6@12.75; cows, $4@10.25.
Calves —Receipts, 1,200; market active, $2
higher; culls to choice, $6@25.50. Sheep
and lambs—Receipts, 4,600; market active
• and steady: choice lambs, $19.50@20;
culls to fair, $16@19; yearlings, sl6@
i 18.50; sheep, s6@l6. Hogs—Receipts,
4.800; market active. $1 higher; yorkers.
$16.50; pigs, $15.50® 16; mixed, $16.50®
16.75; heavies. $15.50@16.25; roughs, sl2®
13.50; stags. s9@lo.
EAST ST. LOUIS. 111., March 12. ~
Cattle —Receipts, 550: market steady; na
tive beef steers, $10.50@13.75; yearling
beef steers and heifers, $10@13; cows,
$9.75@j 1.75; stockers and feeders, slo®
11.50: calves, $10.50@17: canners and
cutters, $4.75@6.50. Hogs—Receipts, 8,-
<siO; market 25®40c higher; mixed and
butchers, $15.50@1; gtxxl heavies, sl4. sh
@ls; rough heavies, $11.75@13; light,
515.65@16; pigs. $12.50® 15.75; bulk oil
sales, $15.60® 15.90. Sheep—Receipts,
none; market steady; ewes, $13.75@14.
lnmbs. $19@19.50; canners and cutters.
sfe.so@9.
CLEVELAND PRODUCE.
CLEVELAND, 0., March 12.—Butter-
Creamery, In tubs, extra, 72*4@73c; extra
firsts, 71 <4 @72 c; firsts, 70'A@71c; prints.
1c higher; seconds, 66@67c; packing
stock, 35@40c. Eggs—Northern extras,
!9e: extra firsts, 48c: northern firsts, new
cases, 47c: old cuses, 4Se; southern and
western firsts, new cases, 45. Poultry-
Chickens, 45@50c; light fowls. 35c; bearr
grades. 39<340c: roosters, old. 23@24c;
springers. 39@40c: ducks, 36@38c; goose.
50@35c, turka, 35@40c.
INDIANA DAILY TIMES, FRIDAY, MARCH 12, 1920.
On Commission Row
Car fancy Iceberg head lettuce received
from California. Price holds steady at
$3.25@3.50. Dealers report good demand
for Iceberg of better quality.
Shipment of California peas In drums
was an arrival. Drum of 40 to 50 pounds
net selling at $9.50010.
Turnips are cleaned up. Few scattered
; lots, but most of dealers are out and
report having had none for some time.
Turnips were scarce this season and
commanded high prices. The last quo
tation here was $3.15 bushel.
Small shipment of strawberries re
ceived. These were taken by the trade
soon as shown. Price holds firm at 85c
quart box.
TODAY'S PRICES.
Apples—ln barrels: Extra fancy Red
Jonathans, sl2; extra fancy Grimes
Golden, $11; Baldwins, SS.SO; Greenings,
$9; Hubbardsou, $9011; .Jonathans, s9@
10.50; Rome Beauties, $8.50010.50; Kings,
$9; Wxuesaps, sic-: Maine Northern, $10;
Wealthy, $8; Work imperials. $9; Kin
nulrd Favorites, $8; Grimes Golden. N<. 1
grade, $9. In boxes: Rome beauties,
80s to 150s, $3.50; Gritaes Goldens. 96s to
1755, $3.50: Delicious, 80s to 150s, $4.50;
Yellow Ortley, 72 to 162, $3.5003.75;
Spitzenberg, 80s to 150s; $3.50.
Bananas —Pound. Bc.
Beans—Michigan navy, in bags, per lb.,
i7%c; pinto, 7%c; llmas. 14c.
Beets—-60-lb. bags, $1.75.
! Cauliflower—Crate, $3.
Carrots—Basket, 40 lbs., $1.75: new
crop, dozen bunches. $1; hamper, $2.50.
Celery—Florida, $4.2504.75 crate.
Cranberries—fc-Ib. box, $3; %-bbl. box,
$5.25.
Cucumbers—Hothouse, Davis, doz., $3;
box 2 doz. $5.50.
Excelsior Da.es—Tbree-doz pkgs, $5.75.
Figs—New, In boxes. 50 ukgx, 8-oz. 55c;
24 pkgs, 8-oz, $3.50; 12 pkgs, 10-oz, sz.2B(
10-lb layer, $3.25; Smyrna, hot. 11 lbs*
$4.20; Spanish, bo* 2 lbs, $5.50.
Garllo—Pound, 30c.
Grapefruit— Extra fancy, Floridas, s4@
$4.75.
Honey—Comb. new. eases of 24 caps,
$7 75; extracted, 00-lb tins. °2c* South
American, dark extracted. lOe ’<*.
Lemons—California.* l , standadrd box. j
$■ i 2,'G/ 0.1,1.
Lettucse— Leaf, lb, 20022'?; Iceberg,
crate 4 doz, $3.25@3J9>
Mangoes Florida, 2 do*, basket, 90c;
crate, $8.50
Nuts—FiUiexts, lb, 29032 c; English
walnuts. 37@40c: chestnuts, 35c; pecans,
30c, 50c, 70c: Brazils, -28 c; almond, 330
36c; shellback hickory. 10c.
Oranges—California navel box. $4 500
7.50; Sunklst, $6.5008; Florida, s6@B.
Onions—lndiana yellows, cwt., $7;
western yellow, $6 50; Bpenlsh imported,
40-4 b. crate, $2.00; shallots, sl.
Onion Sets—Red and yellow, bushel, $4;
white, $4.25.
Popeoru— Pound. 9c.
Potatoes—Bakers fancy, cwt., $6;
uorthern white, $5.50.
Potatoes, b*e—rted River Ohio, cwt., I
$575; Early Hose, $5.50; Minnesota Cob
biers, $5.50; Six Weeks Triumphs, $5 50.
Sage—Fancy, tioz. 50c.
Spinach—Large, crate, $4; Texas, bus.,:
$2.15.
Strawberries—Quart box. B@Bs*'.
Sweet Potatoes—Eastern Jersey, bu,
$2.75; Nancy Halls, $2 25.
Tomatoes—Crate, 6 baskets. $6;
basket, sl.
Turnips—SO-lb basset, $3.15.
COTTON MARKET
STARTS LOWER
Irregular at Opening. With
List Showing Loss.
NEW YORK, March 12.- The cotton
market was Irregular at the opening,
being 15 points higher to 3 points lower,
followed oy further losses on quite gen
eral realizing. At the end of the first
fifteen minute* the list was )0 to 20 point*
net lower on active months.
LIVERPOOL. March 12.—Spot cotton
In Increased demand. Prices firm. Sales.
5,000 bales. American middling fair,
53.65d; good middling, 30.65d ; fully mid
dling, 29.654; middling. 28.654; low mid
diing, 25.354; good ordinary, 22.15d; or
dlnary, 21.23d.
Futures were steady.
Kansas Farmers Get
Million-Dollar Rain
TOPEKA, Kas., March 12. Kansas
farmers were In a cheery mood today.
Reports to the state meteorologist here
Indicated that the state had etijoved a
“million dollar rain" during the night,
the wheat badly needlug moisture.
Weather in Other Cities
Station. Bar. Temp. Weather.
Atlanta. Ga 29.92 58 Rain
Amarillo, Tex 30.;(4 ■_-< ptCldv
Bismarck, N. D... 30.22 20 Cloudy
Boston, Mass 29.94 16 Cloudy
Chicago. 11l 29.46 36 Rain
Cincinnati, 0 29.58 56 Ulcer
Cleveland, 0 29.46 50 Cloudy
I>enver, Colo 30.32 32 Clear
Dodge City, Kas.. 30.32 22 Clear
Helena. Mont 30.22 28 Clear
Jacksonville, Fla.. 30.14 64 Cloudy
Kansas City, M 0... 30.00 30 Cloudy
Louisville, Ky 29.72 60 PtCldy
Llttle Rock, Ark... 29.84 46 Cloudy
Los Angeles. Cal... 30.34 52 Clear
Mobile, Ala 29 96 60 Cloudy
New Orleans, La... 29.92 70 Rain
New York, N. Y... 29.96 52 Rain
Norfolk, Va 30.06 62 Rain
Oklahoma City.... 30.16 32 PtCldy
Omaha, Neb 30.08 24 Clear
Philadelphia. Pa... 29.96 52 Cloudy
Pittsburg, Pa 29 01 38 Cloudy
Portland. Ore 30.28 48 Rain
Rapid City, 8. D... 30.22 34 (Year
Itoseburrg. Or- 80.38 41; Cloudy
San Antonio, Tex.. 30.10 56 PtCldy
Sat) Franc!seo, Cal. 30.38 ,30 Cloudy
St. Louis, Mo 29.74 40 Cloudy
St. Paul, Minn 29.90 22 Snow
Tampa, Fla 30.14 68 Cloudv
WHshlngton. D. C. 29.94 54 Cloudy
Observations taken at 7 a. in., March
12. 1920, by United States weather bu
rea us.
WEATHER CONDITIONS. 1 A. M.
A depression centered In the r.outhern
plains seed lon Thursday morning has
moved northeastward to Michigan as u
disturbance of considerable energy. It
has caused widespread rains over the
central states with warm weather In Its
front from the Ohio valley eastward. It
Is considerably colder In the rear of the
disturbance, however, over the supper
and transmlsslsslppl regions where tem
peratures have already fallen from 20 to
28 degrees and are ngnln somewhat be
low the seasonal normal.
■I. It. AKMINGTON,
Meteorologist.
CENTRAL STATES AGENCIES
Incorporated under the law* of the State of Indiana
Financial Brokers and Underwriters
Market Priae Paid for Llbarty Bond#
Phones Sll£* *iArr 7 127 E. Market St., Indianapolis
<• ""
BFire and Burglar Proof Safes and *
Vault Doors
Real Fireproof Filing Sales
In Five Sizes
✓ From 20x30 to 40x60 Inside. These safes tan be
equipped with any steel filing system. A com
plete line of office furniture and equipment,
Aetna Cabinet Company
Display room* 321-329 W. Maryland Bt., Indiunapolls
GOOD WEATHER
DROPS GRAINS
Prices Lower, With Bearish
Tone to Market.
CHICAGO. March 12.—Graiu futures
reacted on the Chicago Board of Trade
today, selling being met from the out
set, although for a period there was
some show of buying.
Aside from a feeling among some tra
ders that buying had been overdone in
the past week, bearish conditions were
reports of better weather to aid in get
ting corn to market, better distribution
of cars and beneficial rains in some win
ter wheat sections.
March corn opened late at $1.52%, but
lost l%c before noon.
n May corn was unchanged at the open
ing at $1.49, and lost %e In later trading.
July corn, after opening %c down at
$1.42%, lost another cent.
September corn opened at $1.39%, up
%c, but later dropped 2%c.
May oats was %c down on opening
at &3%c and suffered a %c loss In later
trading.
July corn opened at 75%c, up %c, and
subsequently lost %c.
Provisions were lower.
CHICAGO GRAIN.
—March 12—
CORN—Open. High. Low. Close.
Mar. 1.52% 1.52% 1.51 1.52% * %
May. 1.49 1 19% 1.47% 1.48% *%
1.48% 1.48%
July 1.42% 1.43% 1.41% 1.42% * %
1.43% 1.42%
OATS—
May. 83% 83% 82% 83% • %
July 75% 76% 75% 75% • %
75%
PORK—
May. 85.55 35.55 35.42 35.35 t .45
July 35.40 35.40 35.10 35.10 t -10
LARD—
May. 21.70 21.80 21.55 21.72 t .10
July 22.45 22.45 22.15 22.35 t .10
RIBS—
May. 18.70 18.70 18.47 18.62 t .02
July 15.97 19.10 18.92 19.10 t .03
•Decrease, tinorease over yesterday's
close.
CHICAGO CASH GRAIN.
CHICAGO, March 12. -Wheat— No. 3
red, $2.42%; No. 3 hard winter, $2.47.
Corn—No. 3 mixed. $1,53%012: No. 4
mixed. $1.5101.52; No. 3 white. $1.54%®
1.55%; No. 4 white, #1 .51%® 1.52%; No. 3
yellow, $1.54%0U55%; No. 4 yellow, $1.51
01.52. Oats—No. 2 white, 91@92%c; No.
3 white, 90092 c; No, 4 white, 88%@91c.
TOLEDO CLOSE.
TOLEDO, 0., March 12—orn—No. 3
yellow cash, $1.58% Oats—No. 2 white,
95%@96%c. Rye- No. 2, $1.72. Barley—
No. 2, $1.53. Alstke—Cash and March,
$35; April $35.10. Clover seed—Cash and
March, *33 30; April, $32.70; October,
#24.50. Timothy, 1917 and i9lB cash.
$610;O919 cash, $0.27%; March, $6,27%;
April. $0.28; May, $0,29. Butter 70c.
Eggs, 49c.
PRDIIRK MARKETS.
(By Thomson & McKinnon.)
March 12.
Receipt*—
Wheat. Corn Oats.
Chicago 22,000 313.000 112 000
Mllkaukee ... 15.000 97.000 69 000
Minneapolis.. 323.000 21,000 35,000
Dultieh ...... 8,000 2 000
St. Louis ... 52.000 122.000 1241*00
Toledo 4 000 6 000 8 000
Detroit J.floo 2.000 11,000
Kansas City.. 10.000 66.000 43.000
Peoria 1.000 59.000 45/100
Omaha 38 000 106 000 28.000
Indianapolis.. 3,000 78,000 25.000
Total* 554.000 870/(00 501.000
Year ago... 435,000 519.000 661,000
—Shipments—
Wieaf. Corn Gat*.
Chicago 37.00 139,000 119.000
Milwaukee .. 5.000 6,000 25 000
Minneapolis.. 6!,ooo 25,000 39,000
Duluth 3.000 ....... 2,000
St. Louis ... 42.000 125.000 18ff000
Toledo 14.000 1,000 2 000
Kansas City.. 12>,0n0 isnoo 26.000
Peoria 2,000 37,000 25.000
Omaha 40.000 41.1*10 38 000
Indianapolis . 4.0u0 24,000 10,000
Totals ... 328.000 426,000 469,000
Year ago... 624.000 346,000 1,095,000
—Clearances—
„ Dome*. W.
New York 93,000
Baltimore 91,000
Total* 187.000
Year ago 30,000
INDIANAPOLIS CASH GRAIN.
j • —March 13—
: Corn—Steady; {<r> 3 white, SISSL®
1 ; No 4 white. $1.57*4; No. 6 white,
$1.5214: No 3 yellow, $1.55*401.57; No.
4 yellow $1,54>4; No. 4 mixed. SI,VU
j Oats—Steady; No. 2 white, 93<@94c
j No. 3 white, 92-%e.
Hay—Firm ; No. 1 timothy, $33(333.50;
No. 2 timothy. $32483250; light ciovei
mixed. $32@32.50; No. 1 clover mixed.
$31.50@32.
—lnspection*
Wheat—No. 2 red, 1 car; Vo. 4 red.
2 cars; No. 3 dark northern spring, i
cur; total, 4 .-urs.
Corn—No. 3 White. II cars; No. T
white, 8 cars; No. 6 white, T car; No
3 yellow. 11 car*; No. 4 vellow 9 car* •
No. 4 mixed, 3 cars; total, 43 cars.
Oats—No. 1 white, 2 cars; No. 2 white.
14 cars; No. 3 white, 5 cars; total, 21
cars.
Rye—No. 2, 1 car.
Hay—Standard timothy. 1 car; No 2
timothy, 1 car; total, 2 cars.
WAGON WHEAT PRICKS.
Indianapolis elevator* and mills are
paying $2.35 for No. 1 wheat, $2.32 for
No. 2 and $2.28 for No 3. A1 lother
grades according to quality.
WHOLESALE PRODUCE.
Wholesalers are paying the following
prices in Indianapolis for eg : ,s. i-oultrv
and packing stock butter:
Eggs- Fresh, 40c doz.
Poultry—Fowls, 82c; springs, IVa to
2 lbs., 50c; cocks, 18c; old tom turkeys.
85c; young tom turkeys, 2 lbs. and up
40c; young hen turkeys, S lbs. and up.
40c; cull thin turkeys not wanted: ducks,
4 lbs. up, 24c; ducks, under 4 lbs, 20c
geese, 10 lbs up. 20e; squabs, 11 lbs to
doz, $7.50,
Rutter—Clean packing stock, 33c lb;
fresh creamery butter In prints is sell
ing at wholesale at 69c; in tubs. RBc.
Butter Fat—ludian.'polls buvers are
paying 70c lb.
Chi-ese (wholesale selling prices)
Brick, 37c lb; New York cream, 38c;
Wisconsin full cream, 86c; Longhorns
37e; limburger, 38c.
American Telephone <fc Telegraph Cos.
A dividend of Two Dollars per share
will be paid on Thursday. April 15,
to stockholders of record at the close
of business on Friday, March 19, 1920.
On account of the annual meeting the
transfer books will be closed from Sat
urday, March 20, to Tuesday, March 30
1920, both days Included.
G. P. MILNE, Treasurer.
Today’s Market Gossip j
Studebaker Corporation earned $28.54
a share in 1919 against $10.38 in 1918.
National bank reserves December 31.
1919, $22,711,375,000, exceeded by $266.-
353.000 greatest amount ever reported.
Ocean rates on foodstuffs from United
States to Great Britain have been raised
45 to 75 cents per 100 pounds.
international bankers says large
amount of British and French gold will
arrive before maturity of Anglo-French
loan ibut none has been shipped.
Standard Oil of New Jersey has ap
plied to list $98,000,000 common and
$98,000,000 7 per cent cumulative nou
vottng preferred on New York Stock
Exchange.
Moody in reviewing railroad situation
says: “It is probable that the railroads
of the United States for the first year
after government guarantee can earn on
the average something like $85,000,000
over the present dividend requirements
without any Increase in rates and with
out any decrease in the average prices of
material or supplies.”
Grain letter by wire from Chicago says
that the gradual shrinkage of premiums
for cash corn is a good reason for ex
pecting a halt In the advance of the May.
Then again the $1.50 level has a senti
mental effect. It was noticeable that of
ferings at $1.60 were much larger. How
ever, there is not much likelihood of any
heavy .movement from the country. Also
the market must defend itself against
crop news from the southwest where win
ter wheat outlook is not good.
Stock letter by wire from New York
says: “Tbe navy is unable to obtain an
ample supply of oil This because of con
sumption outstripping production. Tbls
is what make* ror high prices and can
not be controlled by restriction of credits
or any other artificial methods. Stude
baker is the latest to give us figures that
show a delightful state of prosperity.
When you have such business Before
you. you are compelled to entertain a
high regard for stocks whether money
Is high or low. The one weak point in
our industrials situation Is copper.”
The following bulletin was posted to
day by the board of governors of the
New York Stock Exchange: “The fol
lowing action of a previous board of di
rectors is still in full force and effect':
•Whereas, A definite time is fixed by the
rule of the board after which all trading
for the day shall cease. Therefore, to
comply with this rule ail orders to be
executed in accordance with Instructions
'at the close of the market* are accepted
by the commission merchant or broker
with the distinct understanding on the
part of the principal that the commission
merchant or broker shall in the exercise
of his Judgment to be determined by the
volume of the order to be filled and the
condition of the market, allow sufficient
time prior to the close to properly and
fully complete such transactions at the
time the closing signal is given.’ John
R. Man IT, secretary.
The American Mortgage Cos.
Capital $1,000,000
ORGANIZATION
Incorporated undsr the laws of Indiana. Authorized capital
$1,000,000, all Common Stock; par value of shares SIOO.OO. Shares
tax free iu Indiana and non-assessable. Dividends. Free from
Normal Federal Income Tax.
BUSINESS
Construction Loans Second Mortgages
The Company proposes to finance new housing projects, loan
ing its capital to construct new homes on a liberal basis. Its plans
are comprehensive and will help solve, in a scientific way and with
reasonable profit to all concerned, the housing problem of the cities
in which it operates.
OFFICERS AND DIRECTORS;
Melville Ritchie, President. A. Leonard Campbell, Vice President.
Harry B. Burnet, Vice President. Charles A. Butler, Secretary-Treasurer.
Lewis O. Reynolds, Vice President. Holtzman & Coleman, General Counsel.
MELVILLE RITCHIE LEWIS A. COLEMAN
Formerly Treasurer National Mortgage Holtzman & Coleman, Lawyers, Indl-
Company, Cleveland. anapolis.
Builders Investment Company, Cleveland. Vice President Sterling Fire Insurance
President American Mortgage Company, Company.
Cincinnati. Director Bankers Trust Company, Indi
anapolis.
HARRY B. BURNET
„ .. , „ v „ HENRY C. THORNTON
President Burnet-Btnford Lumber Com- _ , „ . , _
p any President Thornton-Levey Printing Com
pany.
Vice President and Director Northwest- ... _ .. . ._. _ „
ern State Bank, Indianapolis. Vl s? ,f r ® s d * nt Continental
National Bank, Indianapolis.
LEWIS G. REYNOLDS CHARLES A. BUTLER
Retired Paper Manufacturer, Richmond, Formerly of Watkins A Butler Lawyers,
Indiana. Huntington, Indiana.
(Bylaws provide for nineteen directors, which will complete full board.)
DEPOSITARIES- i Fletch er-Americi National Bank, Indlanapoli*. Indiana.
I Citizens State Bank, Huntington, Indiana.
All legal details in connection with incorporation and the issue
of shares have been approved by Messrs. Holtzman & Coleman, In
dianapolis, Indiana.
Subscriptions to the shares in the Company at par are invited
and may be purchased either on all cash basis or on conveniently
arranged payments.
Address all communications to
THE AMERICAN MORTGAGE COMPANY
Second Floor, No. 9 East Market Street.
\
To The American Mortgage Company,
Indianapolis, U. S. A.
You may send me full literature.
Address
V ' 'sf * *
******•••••••••••• ••••••••*••
These Notes
Yield
7% to 7.30%
THREE important filters determine
the desirability of a corporation
security as an investment, (i) His*
tory of the business and its management,
(2) Ratio of value of the property to
the debt, (3) Ratio of earnings to in
terest charges.
We are offering Indiana Truck Cor
poration Serial One to Ten Year note*
yielding 7% to 7.30% to the Investor
according to maturity, which in our
opinion combines safety of principal
with attractive interest rate for the fol
lowing reasons:
(1) The Company’s successful 21
years’ record.
(2) (i of security for #z of notes.
(3) #6 of earnings against $1 of in
terest requirements.
We recommend these notes for invest
ment. We will be pleased to send com*
plete descriptive circular upon request.
Send for current issue 0f
“SOUND INVESTMENTS”
describing our offerings in detail
Fletcher American Company
Capital $1,500,000
INDIANAPOLIS