Indiana daily times. [volume], March 13, 1920, Home Edition, Page 9, Image 9

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

Image provided by: Indiana State Library

                
HIGHER TREND .
„ TO STOCK LIST
Foreign News Ignored, While
Traders Bid Up Prices.
NEW YORK, March 13.—There were
many mixed movements at the opening of
the stock market today, although the gen
eral price trend was to higher levels.
The motor shares were the most promi
nent issues, Chandler Motor yielding %
to 147 and then advancing to 151%. Gen
eral Motors, after yielding 4 points to
818, had a quick recovery to 324. Stude
baker yielded to 96%, a loss of %, but
soon recovered this loss.
Steel common rose % to 98% and Bald
win Locomotive, after yielding to 117%,
rose to 119. Crucible was off 2 points at
222. Republic Steel sold at 92 with a
rally to 93%. Reading advanced 2% to
86%. Texas & Pacific was in demand,
advancing 1% to 45%. while gains of 1
point were made In Southern Pacific and
New Haven.
Mexican Petroleum rose 2 points to
183%. Pan-American Petroleum dropped
92% and then advanced to 93%. Texas
company was off 1 point at 198.
The market closed steady. Most of the
leading Issues rose to new high records
for the day In the final trading on which
looked to be short covering.
Steel common rose to a closing of 99,
and Baldwin was 1% higher at 119%.
Crucible Steel was In urgent demand anil
rose 19 points from its low to 241. Pan-
American Petroleum was 1 point hlghe.
at 98%. and U. S. Rubber was 2 points
above Ihe low at 106%. Studebaker ad
vanced nearly 2 points to 97.
The rails under the leadership of Read
lng continued their advance. Reading
rose to above 88, but finished at 87%, an
advance of 3%. Chandler Motors was
finally 149%: Southern Pacific, 100; In
ternational Paper. 80%; Mexican Petro
leum, 183%, and General Motors. 321%.
Government bonds unchanged; railway
and other bonds steady.
Total sales of stocks today were 493,300
shares; bonds, §5,304,000.
Total sales of stocks for the week were
7,720,800 shares; bonus, $70,253,000. •
NEW YORK LIBERTY BONDS.
NEW YORK. March 13.—Liberty bond
quotations: First 3%5, 96.06: first 4s,
9090; second 4s, 89.40; first 4%5, 90.90;
second 4%5, 89.78; third 4®s, 93.06;
fourth 4%5, 90.12; Victory 3%5, 97.38;
Victory 4%5, 07.40.
MOTOR SECURITIES.
(By Thomson & McKinnon.)
—March 13—
—Opening—
Bid. Ask.
Briscoe 62 64
Chamlers com 6 7
Packard com 25% 26
Packard pfd 93 95
Chevrolet 350 500
Peerless 40 45
Continental Motors com 11% 12
Continental Motors pfd 100 302
Hupp pfd 99 102
Reo Motor Car 26% 27
Elgin Motors 8% 9
'Grant Motors 9% 9%
Ford of Canada 415 430
United Motors 49 do
National Motors 20% 21%
Federal Truck 70 72
Paige Motors 41 42
Republic Truck 39 40%
ACTIVE OIL STOCKS.
(By Thomson & McKinnon.)
—Opening-
Bid. Ask.
Anglo-American Oil 27% > 28
Atlantic Refining 1540 1580
Borne-Scrymser 425 440
Buckeye Pipe Line 94 97
Chesebrough Mfg. Cons 230 245
Continental Oil, Colorado 620 645
Cosden Oil and Gas 8% 9
Crescent Pipe Line 32 34
Cumberland Pipe Line 140 150
Elk Basin Pete 10% n
Eureka Pipe Line 138 143
Galena-Signal Oil, Pref 95 98
Galena-Signal Oil, Com 03 6.8
Illinois Pipe Line 175 185
Indiana Pipe Line 97 100
Merritt Oil 20% 21%
Midwest Oil 1% 2
Midwest Rfg 173 175
National Transit 29 31
New York Transit 185 190
Northern Pipe Line 100 104
Ohio Oil 370 380
Penn.-Mex 58 00
Prairie Oil and Gas 600 670
Prairie Pipe Line....- 255 265
Refg 5% 0%
Solar Refining 355 375
Southern Pipe Line 148 153
South Penn Oil 34" 350
•Southwest Penn Pipe Lines 86 90
Standard Oil Cos. of Cal 340 345
Standard Oil Cos. of Ind 825 875
Standard Oil Cos. of Kas 615 635
•Standard Oil Cos. of ICy 450 475
Standard Oil Cos. of Neb 510 535
Standard Oil Cos. of N. J 748 S(’s
Standard Oil Cos. of N. Y 468 473
Standard Oil Cos. of 0hi0.... 500 525
Swan & Finch 95 100
Cnlon Tank Line 128 138
Vacuum Oil 440 450
Washington Oil 37 42
•Ex dividend
CHICAGO STOCKS.
(By Thomson & McKinnon.)
Open Close.
Carbide and Carbon 72% 73
Chicago Pneumatic T 001.... 94 93
Cudahy Packing Cos 100 100
Diamond Match 125 125
Illinois Brick 80 80
Libby 27% 27%
Public Service pfd 88 88
' Sears-Roebuck 232 23l
Stewart-Warner 41% 42
Swift & Cos 124 123%
Swift International 45% 46%
Armour pfd 100% 101
Nat. Leather 14% 14
Mont. Ward 34 34
Demand Sterling
Drops Once More
NEW YORK. March 13.—Demand ster
ling was lc lower at $3.68% on early
nominal quotation today.
Sterling opened at 53.68V4, off l%e;
traneg, 13.42, up 2 centimes; lire, 18.12,
off 7; TTnlted State* dollars on Canada,
551.275 and marks .$127.
Sterling eased off to $3.66% toward the
close, off 3c net. The overturn of the
German government failed to affect marks
and they closed at .0126. Francs closed
at 13.43 and lire at 18.20.
Today’s Market Gossip
Minneapolis wires: Cash wheat 2c
lower. Barley 2@3c lower. Others un
changed.
Dun’s report 128 commercial failures
this week against 115 last week and 157
last year.
Bradstreets says manufacturing prac
tically everywhere maintains Its condi
tions of activity hut production still fails
to approuch demand and deliveries lag
behind orders.
Grain letter by wire from Chicago says
that hedge selling In corn for foreign ac
count is anew factor that may become
important. If foreign holdings of Argen
tine corn are to be protected by sales of
the futures here then there will be a
constant drag upon the market. The
market gives evidence of having dis
counted the small receipts and while
there Is no weakness apparent there is a
disposition to accept profits and await de
velopments.
Grain letter by Thomson & McKinnon
special wire reviewing today's market,
says: Corn —The political situation i
abroad and a forecast of temperatures
above normal which will permit efficient j
working of railroads, were construed as
bearish In the corn market. They were
entirely overcome by estimated receipts
of 100 cars. Sentiment Is considerably
mixed. There is also a general willing
ness to withhold new shipments pending
developments of some nature. It Is
freely reasonable to expect that there
will be any 'fc-eakness in prices so long as
daily receipts are Insufficient for local
u *s?’ the Bame time the approach of
spring weather, which ordinarily brings
a wave of selling, may again become
operative. Oats— There was some selling
w oa V* eastern houses, offerings being
absorbed by a scattered commission de- i
(riand. Thereafter the market ruled in i
sympathy with corn. There were some j
claims of increased offerings from lowa,
but these claims were not general. Pro
visions—Light receipts of hogs and
strength In the market keep products
firm. Packers brokers have selling or
d*rs In the pit from time to time, which
cattles the idea that products are being
manufactured faster than the present de-.
msud can absorb.
TODAY’S
MARKET NEWS
IN BRIEF
NEW YORK STOCKS.
Market opened hesitant, but under
tone was firm and early indications
pointed to higher levels. Foreign news
discounted and market soon turned
strong. Profit taking usual to week-end
trading developed, but values up well
and market closed steady.
GRAINS.
Tndianapo',:. Cash—Corn, strong to 2c
higher; oais, steady, unchanged; hay,
firm.
Chicago Cash—Corn, unchanged; oats,
steady to %c lower.
Chicago Futures —Corn, %@%c lower;
oats, %®%c lower.
Toledo Cash—Corn, unchanged; oats,
unchanged; barley, 2c higher; rye, lc
lower. „
LIVE STOCK.
Indianapolis—Hogs, 25@50c higher;
oattle ( strong to 15c higher; calves, 50@
75c higher: sheep, steady.
Chicago—Hogs, steady; cattle, steady to
25c lower; sheep, steady to 25c lower.
PROVISIONS.
Chicago Board of Trade —Pork, 15®50e
higher; lard, B<glOc lower; ribs, 5c
lower.
Local Stock Exchange
STOCKS.
Bid. Ask.
Ind. Ry. & Light com 55
Ind. Ry. & Light pfd 90 96
Indpls. & Northwest, pfd 75
Indpls. & Southeast, pfd 75
Indpls. St. Railway 40 50
T. H„ T. A Light pfd 76
T. H., I. & E. com 1% 6
T. H., I. AE. pfd 9% 16
U. T. of Ind. com 1
U. T. of lud. Ist pfd 5 11
U. T. of Ind. 2d pfd 2
Advance-K 1 nisi/ Cos. coin... 38
Advance-Ruun !.v Cos. pfd.... (19 ~..
Am. Central Life 235
Am. Creosoting Cos. pfd 97
Relt Railroad com 110 120
Belt Railroad pfd 53% ...
Century Bldg. Cos. pfd 99% ...
Cities Se-vlce com
Cities Service pfd ...
Citizens Gas Cos., 1917 36 ...
Citizens Gas, prior to 1917.. 36% ...
Dddge Mfg. Cos. rfd 99
Home Brewing 50 ...
Indiana Hotel com 60
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
Lemcke Realty Cos. pfd 95
Mer. Pub. Util. Cos. pfd 55
National Motor Cos 20 23
Natl. Cnderwrit Cos
Public Savings 2% ...
Rauh Fertilizer pfd 60 ...
Standard Oil of Indiana... 810
i Sterling Fire Insurance 8% 10
Stutz Motor C 0.... ... ...
Van Camp Hdw. pfd 99 ...
Van Camp Pack, pfd 100 ...
Van Camp Prod. Ist pfd 100 ...
Van Camp Prod. 2d pfd 99
Vandalia Coal com 5
Vandalia Coal pfd 12
Wabash Railway pfd 28 ...
Wabash Railway com 9
BONDS.
Broad Ripple 55..' 53
Citizens Street Ry. 5s 79 83
i Ind. Coke & Gas Cos. 6s 92 ...
Ind. Creek Coal & Min. 65.. 98
lud. North 5s ...
Ind. Union Trac. 5s
Indpls., Col. Si South. 55.... .88
Indpls. & Greenfield 5s 95 ...
Indpls & Martinsville 55... 55
Indpls. & North. 5s 85 41%
Indpls. & Northwestern 5s 65
Indpls. A: Southeast. 5s 44
Indpls., Shelby. & S. E. 5s ...
indpls. Street Ry. 4s 50 65
Indpls. Trac. & Ter. 5s 64% 74%
Kokomo, M. &M. 5s 83% 8b
T. 11., I. & E. 5s
Union Trac. of Ind., 6s 70
Citizens Gas 5s 79% 82%
Ind. Hotel Cos. 2d 6s 97% 100
Indianapolis Gas 5s 72 82
Ind. L. & H. 5s 79 86
Indpls. Water 5s 89 93
Indpls. Water 4%s 72 7i%
M. H. & L. ref 5s 89 93
i New Tel. Ist 6s 93
; New Tel. 2d f>S 98
I New Tel. Long Dlst. 55..... 91 ...
South. Ind. Power 6s 91 ...
BANKS AND TRUST COMPANIES.
Aetna Trust 100 108
Bankers Trust H 7
City Trust 80
Commercial National 72% ...
| Continental National 111% ...
! Farmers Trust 590
Fidelity Trust 116
Fletcher American National 257
Fletcher Sav. & Trust C 0... 167
: Indiana National 286 296
j Indiana Trust 206
Live Stock Exchange 382
Merchants National 261
National City 114 120
Peonies State 176 ...
Security Trust 113 ...
State Savings & Trust 91 97
Union Trust Cos 366
Wash. Bank & Trust C 0.... 131
LIBERTY BONDS.
i Libertv 3%s 96.06 96.26
I Liberty first 4s 90 50 90.70
Liberty second 4s 89 40 89.60
Liberty first 4%b 90.90 91.10
Liberty second 4Vi* 89.78 89.98
Liberty third 4%s 93 06 93.26
Liberty fourth 4%s 90.12 90.32
Victory 3%s 97.40 97.60
! Victory 4%s 97.36 97.60
SALES.
i $3,00 Liberty third 4%s 93 06
Local Bank Clearings
Saturday $ 3,261,000
Same day last year 2,109,000
Increase over last year $ 1,062,000
Clearings for week $19,276,000
Same week last year 13,344,000
Increase over last year $ 5,932,000
Weather in Other Cities
Bar. Temp. Weath.
Atlanta, Ga 29.92 36 Cloudy
Amarillo, Tex 30.12 38 Clear
Bismarck, N. D.... 30.02 32 Clear
Boston, Mass 29.52 46 Rain
Chicago, 111 30.04 22 PtCldy
Cincinnati, 0 29.88 26 Snow
Cleveland, 0 29.76 22 Snow
Denver, Colo 30.10 46 Clear
Dodge City, Kas... 30.18 32 Clear
Helena, Mont 29.98 40 Cloudy
Jacksonville, Fla... 29.86 60 Cloudy
Kansas City, M 0... 30.20 32 PtCldy
Louisville, Ky 30.00 30 Snow
Little Rock, Ark... 30.22 38 Clear
Los Angeles, Cal... 30.16 56 Clear
Mobile, Ala 30.16 46 Clear
New Orleans, La... 30.24 50 Clear
New York, N. Y... 29.34 54 Rain
Norfolk, Va 29.36 62 Rain
Oklahoma City 30.18 36 Clear
Omaha, Neb 30.18 30 PtCldy
Philadelphia, Pa... 29.34 54 Cloudy
Pittsburg, Pa 29.70 26 Snow
Portland, Ore 29.86 54 Rain
Rapid City, S. D... 30.06 44 I'tl'ldy
Roseburg, Ore 30.00 58 Cloudy
San Antonio, Tex.. 30.32 42 Clear
San Francisco, Cal. 30.22 52 Cloudy
St. Louis, Mo 30.12 32 PtCldy
St. Paul, Minn 30.14 10 Clear •
Tampa, Fla 30.02 02 Cloudy
Washington, D. C.. 29.38 46 Rain
Observations taken at 7 a. m., March 13,
1920, by United States weather bureaus.
The storm over the great lakes Fri
day morning lias moved to the Atlantic
coast, accompanied by general precipita
tion In eastern sections. The cool wave
has followed the disturbance closely, and ,
the temperatures are from 20 to 30 de
grees lower from thn great lakes to the :
east gulf coast. It Is warmer again over
the plains states and the entire north
west, however, due to barometric depres- 1
sions that have appeared in west-central
Canada and the extreme north Pacific
region, respectively.
J. 11. AR.MINGTON, Meteorologist.
BANK STATEMENT.
NEW YORK, March 13.—Averages—
Loans, increased, $15,937,000; demand de
posits, increase, $3 444,000; time deposits,
increase, $1,975,000: reserve, Increase
$7,084,750. Actual —Loans, Increase, $27,-
062,000; demand deposits, Increase. $50,-
HOGS ADVANCE
50 CENTS MORE
Erratic Sales Mark Disposal
of but 3,000 Receipts.
RANGE OF HOG PRICES.
Good ' uooa Good
Mixed Heavy Light
160 to 215 lbs. 130 to
Mar. 250 lbs. up. 225 lbs.
6 . $15.25 @16.00 $15.00 0 15.85 $15.56 016.00
8. 15.00@15.85 14.50015,75 15.75016.00
3. 15.00@15.85 14.60015.75 15.76 0 16.00
10. 15.00@15.55 14.50 @ 15.75 1i.7a@16.00
11. 15.25 @16.00 14.50@15.85 15.8501600
12. 15.50016.16 14.60@16.00 16.00016.25
13. 16.25016.50 14.70@1fi.25 16.36016.50
There was an irregular advance in
prices of hogs on the closing market this
week, but this was due mostly to the er
ratic sales on the day before. There was
a slight change In the weights that
guided the buying, but this did not have
a noticeable effect on the general sales of
the various classes. Light hogs again
had the preference In the buying and
some of the highest sales were 50c higher
than the lowest sales of equal kinds ot
Friday. This was also true concerning
a few of the hogs of heavier average. Tne
predominating prices for the hogs aver
aging less than 225 pounds were slo.oo
for those down to 200 pounds .average
and $16.50 for the lightest. The sales of
heavier hogs ranged from §14.75 to
but there were not many hogs here so j
heavy they had to sell lower than slt>.-o, j
which was applied to the averaging |
225 to 250 pounds. Fat-back pigs sold
strong at §15.50, but the light pigs were
weak at sl4. There was an early cleaiL
ance of the subnormal receipts of J.ooo
bogs.
The marketing of hogs this week whs
normal for this time in the year, but sup
plies were hardly equal to the demand,
and finally there was a net advance of
fully 50c In the bulk of the sales, as com
pared with the final prices last week, the
best price on Saturday, §16.50, was the
highest so far this year.
Cattle.
The only reason all buyers were not
Interested in the final cattle market this
week was the light receipts of only 3(8).
Home killers, that did get in, went
fast v and the supply was exhausted ear
lier than the beginning of trading many
times. It did not appear that prices
were materially higher than on Friday,
but the trend was in that direction and
applied to all fat cattle. The Indian
apolis Abattoir Company bought nearly
two-thirds of the supply. The week
closed with little change in the re
ceipts compared with last week, but
current supplies were not eqUHI to the
demand and there was a big permanent
advance in prices. Steers, heifers au 1
cows were mostly more than $1 higher
and the gain In some cases was as much
as $1.30. The Saturday market for calves ,
was somewhat higher with veals up to ;
S2O, $1.50 higher than on the opening
dav this week. Feeding cattle were j
qu'otably steady at the week's gain of
fully 50c.
Sheep.
There were no sheep or lambs arrived
foiTfhe final murket this week and there
wus no change to note In prices. The
week’s receipts were larger than usual
.and Included a good many western fed
lambs that sold from sl9 up to $19.50.
Native lambs sold as high ns $18.50 and
native ewes at $9.
CATTLE.
—Steers—
Prime cornfed steers, 1,300
lbs and up........... $13.U)@14.60
Good to choice steers, 1,300
lbs and up 13.00® 13.30
Common to medium steers,
1,300 lbs and up 12.50tg13.00
Good to choice steers, 1,100
to 1.200 lbs 11.50@12.50
Common to medium steers,
1,100 to 1.200 lbs 10.50<<411.50
Good to choice steers. 900 to
1,000 lbs IO.OOQIII OO
Common to medium steers,
900 to 1,000 lbs 9.50® 10.00
Good to choice yearlings 11.00®13.00
—Heifers and Cows —
Good to choice heifers ll.OO'it 12.50
Fair to medium tielfers 9.75®10.i5
Common to light heifers 8.5-F<{ 950
Good to choice cows
Fair to medium cows 8.500 9.23
Cancers and cutters 5 00® 8.25
Bulls and Calves—
Good to prime export bulls. 9 00@ 0.30 ;
Good to choice butcher bulls fUsl® 900
Bologna bulls “-00® 8.1")
Common to bent v.-al calve*.
Common to best heavy calves i.oo®l-.)0
—Stockers and Feeding Cattle—
Good to choice steers, 800 lbs
and up 10.00Cgll.no
Common to fair steers, 800
lbs and up 9.00® 9.50
Good to choice steers, under
800 lbs 9.50® 10.00 .
Common to fair steers, under
800 lbs B.oo® 9.25
Medium to good cows 6.23® 7.25
Medium to good heifers.... 7 00® 7.50
Fair to best milkers 75.004; 125.0 h
Stock calves. 250 to 450 lbs. 7.00® 10.00
HOGS.
Good to best heavies. 250 lbs
average up 14.73® 16.25
Good, 200 to 250 lbs average. 15.25® 16.35
Medium and mixed, 15u to
250 lba 10.25® 16.50
Good to choice bogs, 150 to
225 lbs 10.35®10.50
Common to best lights, down
to 180 lbs 16.25® 16 35
Roughs and packers 11.00® 13.50
Bulk of sows 12.75® 13123
Best pigs, under 140 lbs 15.00® 15.50 ■
Light pigs 14.25 down!
Bulk of good hogs 16.25® 16.50
SHEEP AND LAMBS.
Good to choice sheep 9.00® 9.50
Common to medium sheep... 5.00® k.ihi .
Good to choice yearlings... 13.00® 14.00 i
Common to medium yearlings 1(1.00® 12 00
Western fed lambs 18.00®, 19.5<);
Good to choice lambs 17.50® 18.00
Common to medium lambs... 14.00® 17.00
Bucks, per 100 lbs 7.00® 8.00
Other Live Stock j
CINCINNATI, March 13.—Hogs-Re
ceipts, 600; market steady; heavies, sls®
15.50; mixed and mediums, sl4; light,
$15.15; pigs, sl4; roughs, $12.50; stags,
$9. Cnttle —Receipts, 200 ; market steady ;
i bulls, steady ; calves, $18.50. Sheep—Re
ceipts, none.
CLEVELAND, March 13.—Hogs—Re
ceipts, 4,500; market, 15e higher; Yorkers,
$16.40; mixed, $16.40; medium, sls; pigs,
sls; rough. $12.30; stags. $9.50. Cattle—
Receipts, 500; market, slow. Sheep and
lambs -Receipts, 500; market, steady;
top, sl9. Calves—Receipts, 500; market,
lower; top, S2O.
CHICAGO. March 13.—Hogs—Receipts,
11,000; market steady; bulk, $14.50®
15.80: butchers, $14(8)15.25; packers, $12.23
@l3 50; light, $14.50(8)16; pigs, $13.25®
14.75; roughs, $12.2, r >@12.85. Cattle—Re
ceipts, 1,500; market steady, 25c lower;
beeves, $9.75@15.50; butchers, $7.10(8)13.25;
canners and cutters. $4.75(8)7.50; stackers
and feeders. $7(0)12; cows, $7.10® 13725 ;
calves, $16@17. Sheep Receipts. 2,000;
market steady, lower; lambs, $!4<V/.19.d5;
ewes, s6® 14.50.
PITTSBURG, March 13,—Cattle—Re
ceipts, light; market, steady ;• choice, sl4
@14.50; good,* $12.50(8,13.50; fair, $9.50®
10.50; veal calves, siß@l9. Sheep and
lambs—Receipts, light; market steady;
prime wethers, $15@15.50; good, $13(8)14;
fair mixed, $10@12; spring lambs, sl3®
20. Hogs—Receipts, 10 double decks;
market higher; prime heavies, $15.35®
15.75; mediums, sl7® 17.15; heavy york
ers, $17@17.15; light vorkers, $15.75®
16.25; figs, $13.35® 15.75; roughs, sll®
13.75; stags, s9@lo.
EAST BUFFALO. N. Y.. March 13.
Cattle—Receipts, 173; market, slow,
steady; shipping steers, $13.50® 15; butch
er grades, s9.® 13; cows, sl® 10.25. Calves
Receipts. 300; market, active, 50c lower;
culls to choice, $6®23. Sheep and lambs
—Receipts, 600; market, active; 50c high
er: choice lambs. $20(8,20.50; culls to fair,
sl6® 19.50; yerfrllngs. $10®18.50; sheep,
s6® 16. Hogs—Receipts, 2.400; market,
active; 10@75c higher; Yorkers, $10.75®
16.90; pigs, $16.50®16.75; mixed, $10.75®
16.90; heavies, $16.75; roughs, $12@13.75;
stags, $9@10.50.
EAST ST. LOUIS, 111., March 13.
Cattle—Receipts, 550, Including south
erns: market steady; native beef steers,
$10.50@13.75; yearling beef steers and
heifers, slo® 13; cows $9.75(811.75; Stock
ers and feeders, [e-mail]; calves. $15.50
@l7; canners and cutters, $4.75@6.50.
Hogs—Receipts, 36,000; market steady:
mixed and butchers, $15.55® 16: good
heavies. $14.50(8,15.25 rough heavies. $11.75
@l3; light. $15.65® 16: j.lgs, sl2 50® 15.75;
bulk of sales, $15.6581)15.00. Sheep Re
ceipts, 300; market steady; ewes, $13.75®
14; lambs, sl9® 19.00; canners and cut
ters, SS.SO@9.
WAGON WHEAT PRICES.
Indianapolis elevators and mills are
paying $135 for No. 1 wLeat, $2232 for
No. 2 and $2>29 lor No. 8. A1 lother
grades according to quality.
INDIANA DAILY TIMES, SATURDAY, MARCH 13, 1920.
RUSH OF SHORTS
BOOSTS GRAINS
Strong Buying Puts Prices Up
Despite Bear Rumors. %
CHICAGO, March 13.—Trading In grain
futures on the Chicago Board of Trade
was enlivened today with a rush of shorts
to cover at the opening. The market re
covered quickly on strong buying. There
was a disposition on the part of many to
stand off due to reports of a change in
the German government.
March corn closed %c at $1.52%, after
opening at $1.52.
May corn closed at §1.48, up %c over
the opening of $1.47%.
July corn, after opening at $1.41%,
closed unchanged.
September corn closed at $1.38%, up %e
over the opening of $1.38%.
May oats opened at 82%c and closed
unchanged.
July "mats was down %c at 75%e at
close against the opening of 75%e.
Provisions w'ere lower.
There was a general disposition to even
up by traders on the whole, and those
who were long were more inclined to
make purchases. The entire speculative
list sold lower with the exception of
part of the provision list.
Corn futures were unchanged to
%c lower. Oats were unchanged to %®
%c lower.
Pork was 15@30c higher; lard was 7%
@loc lower, and ribs wero lower.
CHICAGO GRAIN.
—March 13—
COHN—Open. High. Low. Close.
Mar. 1.52 1.52% 1.51% 1.52% * %
May. 1.47% 1.49 1.47% 1.48
1.47% 1.48%
July 1 41% 1.42% 1.41% 1.41% • %
1.41% 1.42
OATS—
May. 72% 83% 82% 52% • %
82% 83
July 75% 75% 75% 75% * %
PORK—
May. 35.30 35.59 35.25 35.50 ♦ .15
July 35.05 35.45 35.05 35.40 t .50
LAUD—
May. 21.70 21.70 21.55 21.62 * .10
July 22.30 22.32 22.17 22.27 • .OS
RIBS—
May. 1862 18.62 18.47 18.57 * .05
July 18.10 19.10 18.95 19.05 * .05
•Decrease, flncreaso over yesterday's
close.
CHICAGO CASH.
CHICAGO, March 13. Corn No. 3
mixed, $1.54: No. 3 white, $1.55%; No. 3
yellow, sl.s4%fit? 1.50: No 4 mixed, $1.57;
No. 4 yellow. $1.31 ® 1.52%. Oats No 2
white, 91 %®92%c; No. 3 white, 89%®
90%e; No. 4 white. 91c,
TOLEDO CLOSE.
TOLEDO, 0., Mar h 13. Corn No, 2
yellow, $1.58. Oats No. 2 < ash. 93%®
96%c. Rye No. 2 cash. $1.71. Barley
No 2 cash. $1.55. Cloveret-ed -Cash rind
March. $33.50; April, $33: October. $5150.
Timothy 19t7 and 1918 cash, $6; 1919
cash and March, $6.12%: April $'110;
Mav, $6.06. Butter. 70c. Eggs, 10c. Ilav,
s2l.
PRIMARY MARKETS.
(Thomson & McKinnon.)
—Receipts—
$ Wheat. Com. Oat*.
Chicago ..... 26,000 231,000 136.000
Milwaukee.. 3,000 21,000 27;000
Minneapolis.l. 24".'>k) 12,000 OS.ooO
Duluth ..... s.ooo 2,000
St. lulS 49.000 108.000 02.000
Toledo 6.000 1,000 8.000
Detroit ...... 1.000 5,000 30,000
Kansas City... 213,000 63.000 20,000
Omaha 53,n0n 101.000 54,<V
Indianapolis... 17.000 60.000 42.000
Totals 616.000 002.000 419.000
Y’ear ago... 410.000 360,000 538,000
—Shipments—
Wheat. Corn. Oats.
Chleago 28.000 73,000 198,000
Milwaukee... 31,000 47,000 40,000
.Minneapolis... 81.000 7,000 2,h'000
Duluth 5,000 4’oon
St Irfiuls 48.00*1 63.001) 72.000
Toledo 9.000 4.0U1
Kansas City... 85.0)0 33.000 j.yonn
Omaha 22.000 50.000 21J)
Indianapolis... 2.000 24 is) 14.0)0
Totals 361,000 287.000 390.000
Year ago... 392,000 259,000 407.000
—Clearances -
Dorn W. Corn. Oats.
New Orleans,. 207,000
Totals 207000
Year rgo... 322,000 !•"!!!!
COM PA RATI V E STATEMENT.
—Output of Flour—
Barrels
March 13, 1930... 7.54;
March 6, 1920... 11 SP’
March 14, 1919 ...‘
March 15, Ibis ’.
-Inspections for Week -
1919. 1920
Bu. Bu.
Wheat 10,000 17.000
Corn 4K’. 000 167,000
Gats 254.(1)0 !>s'to
llye 4... 3.000 8,000
- Stock In Store
Wheat. Corn. Onts. Rye.
Mch. 13, ‘20.363,931 583,120 (’c- lso ;; nr.o
Mch. 15, ’19.262.630 4T.2 420 318,350 1,500
Mch. 16, 'lB . 62,970 (£14.(H0 216,500 320
INDIANA I*OIAS CASH GRAIN.
—March 13
Com Strong; No. 4 white $158%;
No. 4 yellow $1.53%®'!.54% ; No. 4 mixed,
$1.52%® 1 53%.
Gat* Stead v: No. 2 w hite, 93®93%e:
Nt. 3 whi to, 0-V.
Hay Firm; No 1 timothy, $33®33,.V)|
No. 2 timothy. §32® 53.50; light "duvet
mixed, s32® 32.50; No. 1 clover mixed.
$31.50® 32.
—lnspections—
Corn—No. 3 white, 5 oars; Vo. 4 white,
16 cars; No. 5 white, 1 cur; No. 3 yellow
7 ears; No. 4 yellow, 18 cars; No. 4
mixed. 4 cars; total, 51 carte
Oats—No. 2 white, 14 cars; No. 3 white,
3 cars; total, 17 cars.
WAGON MARKET.
The following are the Indianapolis
prices of hay and grain by the wagon
load:
Hay—Loose timothy, $31(5732 a ton;
mixed, $30®32; clover, $50®33.
Corn—sl.ss® 1.05 a bushel.
Oats—oo®93c a bushel.
Straw—Wheat, sß®9 ton; oats, $14®15.
ARREST WOMAN ON TIGER CHARGE.
A woman faced a blind ttge.r charge
this afternoon. She Is Rebecca Orler, 25,
a Roumanian, who conducts a ret -esh
tnont stand at 1002 West Morris street,
the police sa'ld.
Cash Dividends Tax Exempt
We have paid sixteen consecutive semi-annual cash dividends of 3/ z %
each on our preferred stock. Sixteenth dividend was Jan. 2, 1920.
This, stock is now upon a PARTICIPATING BASIS.
And Will Share in the Earnings Over and Above
the Regular 7%.
11 you have money that is not earning 7% above taxes cut-out and
mail the coupon below and we will send you booklet explaining how
profits are made and why real estate security is absolutely safe.
Indianapolis Securities Company
FRANK K. SAWYER, PRESIDENT. J
Home Office, Third Floor Law Bldg.
Stock and Bond Department. 612 Hume-Mansur Bldg.
Without obligation on my part kindly send me descriptive literature
relative to your ,7% nontaxable participating preferred stock.
Name \
Street
Town
Estab ished 1912. Assets Over One Million Dollars.
‘
On Commission Row
Bananas are %c pound higher, at B%e.
Shipments are not up to normal, dealers
state.
Cucumbers were dropped 25c dozen to
$2.75. Slow movement, dealers glvo aa
the reason.
Tomntoee are up 25c small basket oi
GOc crate of six baskets. Now priced at
$6.50 crate or $1.25 basket.
Western yejlow onjions to ot; a 25c
jump. Now selling at $7 hundredweight.
The Spanish are also higher at $2.00
torty-pound basket.
potatoes are quoted at $5.60 hundred
weight, or 10c higher. Belief is grow
ing among dealers that potatoes will
ease off as soon as railroads can relieve
i ear shortage existing at northern points.
Florida oranges went up 50c box to
§6®8.50. Congested transportation con
ditions at shipping points continue, deal
ers say, and are responsible for the
strong trend to the Florida orange mar
ket.
Seed potatoes were advanced 25c hun
dredweight. In sympathy with other po
ti; to markets. Red River Chios now
quoted at $6, Early Rose Alt $5.75, east
ern Cobblers at $ and the Six Weeks
or Triumph at $5.70.
TODAY’S PRICES.
Apples—ln barrels: Extra fancy Red
Jonathans, sl2; extra fuucy Grimes
Golden, $11; Baldwins, $8.50; Greenings,
$9; Hah bard so n, s9®ll; Jonathans, s9®
10.00; Rome Beauties. $8.50® 10.50; Kings,
$9; Winesaps, $10: Maine Northern, $10;
Wealthy, $8; Work imperials. $9, Klu
nuird Favorites, $6: Grimes Golden. No. 1
grade, $9. in boxes: Rome Beauties,
80s to 150a, $3.50; Grimes Goldens. 06s to
1755, $3.50: Delicious. 80s to 150s, $4.50;
Yellow Ortley, 72s to 1625. $3.50®3.Y5;
Bpitzenberg, 80s to 150s, $3.50.
Bananas—Pound, B%c.
Beans Michigan navy, !n bags, per lb.,
7%e; pluto, 7%c; llmas, 13%e.
Reels-05-lb. bags. $1.75.
<.’aulifiower —Crate, $3.
Carrots—Basket, 40 lbs., $1.75: new
crop, dozen bunches. $1; hamper. $2.50.
Celery—Florida, $4.25®4.75 crate.
Cranberries—32-lb. box. $3; %-bbh box,
$5.00.
Cucumbers—Hothouse, Davis, doz, $2.7! ;
box 2 doz, * 5 -
Excelsior Dates—Three-doz pkgs, so.is
•Figs New, in boxes. 50 okgs. 6-oz, 55c;
24 pkgs, 8-ez, $3.50; 12 pkgs, 10-01, 2.&>1
10-1!) layer, $3.25; Smyrna, box. 11 lbs,
$4 20; Spanish. ho 2 lbs, $5.50.
Garlic—Found, 30c.
Grapefruit -Extra fancy, Florida*, S4Q
$4.75.
Honey Comb. new. cases of 24 caps,
$7 75; extracted, 60-lb tins. South
American, dark extracted, 16c lb.
Lemons— Calltornius, stundadrd boi.
$5.50® 6.
Lettuce—Leaf, lb, 19®20c; Iceberg,
crate 4 doz, $3 25®3.50
Mangoes— Florida, 2 doz. basket, 90e;
crute, $8.50.
Nuts Filberts, lb. 29®32c; English
walnuts. 37®40c: chestnuts, 35c; pecans,
30c, 60c, 70c; Brazils, -28 c; almond, 33®
36c; shellback hlckora. 10c
Oranges California naval box, $4.50®
7.50; Knnklst, $0.50®.8: Florida. *6®8.50.
Onions —Indiana yellows, cwt. $7;
western yellow, s7;’ Spanish Imported,
40 lb basket, $2.00 ; shallots, sl.
Onion Rets Red and yellow, bushel, $4;
white, $4.25.
Popcorn Pound. Be.
Potatoes P-akers fancy, cwt., $8;
northern white, $5.60.
Potatoes, See.* -Red River Ohio, cwt.,
$0; Early Rose, $5.75; Eastern Cobblers,
$0; Six Weeks Triumphs, $5.75.
Sage—Fancy, oa*. 50c.
Spinach—Large, crate, $4; Texas, baa.,
$2 15.
Strawberries Quart box, 80®8f>e.
Sweet Potatoes -Eastern Jersey, bn,
$2.75; Nancy Halls, $2 25.
Tomatoes -Crate, 6 baskets. $6.50;
basket, $1.25.
Turnips -50-lb basket, $3.15.
WHOLESALE PRODUCE.
Eggs—Fresh, 40c doz.
Poultry—Fowls, 32c; springs, 1% to
2 lba., 60c; corkß, lbe; old tom turkeys,
35c; young tom turkeys, 2 lbs. and up.
40c; young ben turkeys. 8 lbs and up.
10c; cull tnln turkeys not wanted; ducks,
4 lbs. up. 24c; ducks, under 4 lbs, 20c;
geese, 10 tbs up, 20e; squabs, J 1 lbs to
doz. $7.50.
Butter Clean packing stock. 33c lb;
fresh creamery butter In prints Is sett
ing at wholesale Ht 69c; in tubs, 68c.
Butter Fat Indianapolis buyers are
paying 70c lb.
Cheese (wholesale selling prices i
- Brick, 37c lb: New York cream, 38.-;
Wisconsin full .ream, 4fc)e; Longhorns,
37c; Umburgcr, 38c.
CHICAGO PRODUCE.
CHICAGO, March 13.—Butter-Re
ceipts, 4.245 tubs creamery extra, 6s%c;
standards, 6Se; firsts. 03®67%e; seconds,
52®50c; packing stock, 33® :sr. Eggs
Receipts, ll.Ny. cases; miscellaneous. 41
®M2%e; bold. 33®42c; firsts. 43c; cheeks,
35®37c; di "ties, 38c. t 'horse -Twins,
new . 2S®2S%e; daisies. 29®29%r; young
Ameri as. 3 < /.o%c; longhorn*. 30®30%c;
brick. 2’7%e Live poultry—Turkeys, 400 ;
chickens, 38c; springs. He; roosters, 28 ;
stags, 33c; geese, 22c; ducks. 380. Po
tatoes Kecc'pts. 58 cars; MlnJiesotas,
Dakotas and Ohlos, $5.35®.5.40.
E,7fiiD.tr,L|'4
I in a magazine that in teaching
thousands of people how to
make a profit on listed stocks
•ml bonds. Write for this week's
Issue, which contains up-to-date
information about several estab
lished securities that can be
bought now to yield a liberal
return. INVESTMENT IS FREE.
WRITE TODAY.
152 K South LaSalle St,Chicago
r— :
WHAT IS
CASINGHEAD GASOLINE?
Millions of barrels produced from this
source annually not distilled front crude
oil. A remarkable Industry of great
profit has developed from It; little known
about by the general public.
To those Interested In tho subject, we
are sending out, free upon request, an
Interesting circular describing ‘‘How It
Is Done ” Send for a copy.
CASINGHEAD GASOLINE SYNDICATE.
410 Reliance Itldg., Dept. 11., Kan sue
City, Mo.
RAIL OUTLOOK
IS OPTIMISTIC
General Boom in Business Has
Made Appearance.
NEW YORK. March 13.—Railroads are
ordering $20,000,000 worth of locomotives
and cars. Private ownership resumed,
"the iron horse" can use a billion In
equipment right away. In the United
States and Canada.
'Twill boom business, for railroads
pass prosperity around. Hail men are
optimistic. They say Uncle Sam's making
It easier to buy.
Canadian lines order $12,000,000 In lo
comotives and cars, and although some
of the biggest roads haven't started. The
Railway Age, whose forecast is a three
years’ expenditure of six billion, hears
of orders for 558 locomotives, 18,792
freight cars, and 647 passenger cars, In
this country.
This authority figures three years’
requirements at 6,000 miles of new line,
10.850 miles automatic block signals.
13,177 locomotives. 15,000 miles multiple
main tracks. 33.000 miles side and yard
tracks. 24,500 passenger train cars and
712,400 freight cars.
WHOLESALE FEED PRICES.
(Acme-Evans Cos. )
'rtm Sax. Cwt.
Acme bran $51.00 $2.60
Acme feed 53.00 2.70
Aeme middlings 59.00 3.00
Acme dßlry feed 74.00 3.75
E-Z Dairy feed 59.00 3.00
Acme H. and M 69.00 3.50
C. O. A B. chop 59.00 3.00
Acme stock feed 55.50 2.80
Acme farm feed 59.50 3.00
Cracked corn 67.75 3.45
Acme chicken feed ?.... 71.25 3.60
Acme scratch 68.25 3.45
E-Z-Scratch 64.75 3.50
Acme dry mash 70.00 3.55
Acme bog feed 67.00 3.40
Acme barleycorn 70.25 3.55
Ground barley 77.00 3.90
Ground oats 67.50 3.40
llotnlik white 69.00 3.50
Rolled barley 77.00 3.90
Alfalfa Mol None
Oil meal 86.00 4.35
Cottonseed meal 80.00 4.05
FLOUR AND CORN MEAL.
E-Z-Bake, basis 98 pounds cotton
sacks, barrel $13.80
Corn meal, 100-pound cotton sacks,
barrel 4.00
GRAINS.
Shelled corn, 2-bu sucks. bu $1 71
Shelled corn, large lot, bu l®
Oats. 3-bu sacks, bu i’o7
LOCAL HIDE MARKET.
Green Hides—No. 1,18 c; No. 2, I7e
Green Calves—No. 1,40 c; No. 2 38%c'
Horsehldes —No. 1, $10: No. 2. s9.’ Cured
Hides—No. 1. 20c: No. 2. 19c.
The American Mortgage Cos.
Capital $1,000,000
/
ORGANIZATION
Incorporated under the laws of Indiana. Authorized capital
$1,000,000, all Common Stock; par value of shares SIOO.OO. Shares
tax free in 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 G. Reynolds, Vice President. Holtzman & Coleman, General Counsel.
MELVILLE RITCHIE LEWIS A. COLEMAN
Formerly Treasurer National Mortgage Holtzman & Coleman, Lawyers, Indi*
Company, Cleveland. anapolis.
Builders Investment Company, Cleveland. ' lco President Sterling Fire Insurance
President American Mortgage Company, Company.
Cincinnati. Director Bankers Trust Company, Indi
anapolis.
HARRY B. BURNET
HENRY C. THORNTON
President Burnet-Binford Lumber Com- Client Thornton-Levey Printing Com-
P an >’’ pany.
Vice President and Director Northwest- y , ce Presldent an(T Dlrector Continental
ern State Bank. Indianapolis. National Bank. Indianapolis.
LEWIS G. REYNOLDS CHARLES A. BUTLER
Retired Paper Manufacturer, Richmond, Formerly of Watkins & Butler, Lawyers,
Indiana. Huntington, Indiana.
(Bylaws provide for nineteen directors, which will complete full board.)
DFPOSITARIES - Fletcher-American National Bank, Indianapolis, Indiana.
\ Citizens State Bank, Huntingdon, Indiana.
All legal details in connection with incorporation and the issue
of shares have been approved by Messrs. Iloltzmau & 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
i ' *
>-** •
| Housewives* Market
The following prices are the general
prices charged at the city market, ob
tained by striking an average of the
prices charged at various stands:
Apples, choice, per lo $ 08®1D
Asparagus, bunch 10® 15
Bananas, doz ,20@30
Beans, navy, lb .11
Beans, lima, lb .18
Beans, Colorado plntos. 1b.... 10
Beets, lb .10
Carrots, 2 lbs .15
Cabbage, lb .10
Cauliflower 30@4i>
Celery, bunch 10® 15
Cranberries, lb -67%
Cucumbers, hothouse, each.... 20®30
Grapes, Imported, lb .50
Grapefruit, each .07%® 15
Lemons, per doz 25@30
Lettuce, leaf, per lb .20
Head lettuce, each 10®13
Onions, lb .06®10
Onions, Bermuda, each 05@.07%
Onions, green, bunch .10
Parsnips, lb .12%
Parsley, per bunch .05
Potatoes, peck .70
Peppers, green, each .05
Potatoes, 4 lb* .25
Radishes, bunch .05
Rhubarb, bunch .10
Rutabagas, 1b... .06
Spinach, lb .15
Strawberries, qt box .95
Turnips, ib .10
MEATS.
Lamb chops, lb 55®00
Leg of lamb, per lb 45®50
Boiled hsm, per lb .75
Smoked ham, per lb 40®50
Round steak, per lb .35
Fresh beef tongue .30
Smoked beef tongue 40®45
I Roast beef 25@30
Frank steak -30
j Beef tenderloin 50®55
j Pork chops .35
■ Pork tenderloin .65
Porterhouse steak 40®50
, Chuck steak 28® 30
Boiling beef IS®2O
Bacon 40®00
Loin steak .35
Hams, whole 30®.(5
Rul'd, lb __ --T 1 'a
Lamb stew 15®25
r-pareribs, lb .25
Shoulders, fresh vieef .30
Shoulders, fresh pork .27
Beef liver .13
Veal chops 35@40
PRODUCE.
Hens, full dressed, lb -50
Frys, dressed, lb .60
Eggs, fresh, select, doz ,49®52
Butter, creamery, lb 70®76
CLEVELAND FRODfCE.
CLEVELAND. 0., March 13.—Butter-
Creamery, In tubs, extra. 72%®73c; extra
firsts, 71%@72c; flrs's, 70%@71c; prints,
lc higher: seconds, 66®67c; packing
stock, 35'340c. Eggs—Northern extras,
48c; extra firsts. 47c; northern firsts,
new cases. 46c; old cases. 43c; southern
and w'steru firsts. new cases, 4ic.
Poultry—Chickens, 45®50e; light fowls,
35c: heavy grades. 39®40i-; roosters, old,
23®24c; springers. 38®39c; ducks, 36®
I)8o; geese, 30@33c; turks, 35@40c.
COTTON MARKET
OPENS STEADY
Pressure Not Severe and Tone
Unchanged to Higher.
i
NEW YORK, March 13—Tho cotton
market opened steady today, unchanged
to 10 points higher. Wall street was a
seller on less favorable political news
from Germany and on belief that ratifi
cation of the peace treaty would be fur
ther delayed because of the proposed
Lodge amendment.
Week-end realizing caused a somewhat
easier tendency, after the start, but pres
sure was not severe.
The close was steady, net unchanged
to 5 points lower.
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 lb.
FORK.
HAMS—
Regular, 14 to 16 lbs .85%
Skinned. 12 to 14 lbs .35%
Fancy boiled 2)2
BACON-
Fancy breakfast, 6 to 7 lba.. .48
Sugar cured squares .24%
Sugar-cured squares .85%
Fancy sliced, 1-lb cartons... .55
PICNICS—
Snugar-cured, 5 to 7 lbs .23%
SALT MEAT—
Dry salt Jowl butts J 7%
LARI*—
Refined, tlerse basis .25%
Open kettle, tierce basis ,26
FRESH PORK—
Spare ribs .22
Shoulder bones .08%
Tenderloins 58@.60
Dressed hogs .23%
Light loins, 7 to 9 lbs
Extra light loins, 4 to 6 lbs i32ty
Fresh boneless butts .32%
Boston butts M
Skinned shoulders .25%
SAX. SAGE —
Breakfast, in 1-lb cartons...,
Standard, fresh bulk ..
Frankfurts, hog casings ~19%
FRESH BEEFS.
Medium steers, 400 to 500 lbs .16%
No. 2 heifers .10%
■ Native cows 15%®.16%
Medium cows 13@.14
LOINS—
No. 3 .22
Rlßle
No. 2 .32
No 3
ROUNDS—
No. 3.2 g
CHUCKS-
No. 3 .. -13
1 PLATES—
No. 3 -11
VEAL.
CARCASSES—
No. 1 quality
No. 2 quality
9