Indiana daily times. [volume], March 20, 1920, Home Edition, Page 9, Image 9

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

Image provided by: Indiana State Library

                
STOCKS SOAR
TO NEW HIGHS
Recessions Near Close Check
Sensational Advance.
NEW YORK, March 3).—There were
many confused movements at the open
ing of the stock market today, with the
motor and shipping sharps in demand
while the steel and oil Issues suffered
losses.
General Motors was prominent, ad
vancing 8 points to 350, and Stutz Motors
made an equal upturn to 212. Stude
baker, after yielding to 107, quickly
rallied to 108.
Steel common yielded % to 102% and
Baldwin Locomotive dropped 3% to
131%. Vanadium Steel advanced % at
the start to 68 and then yielded to 00.
Republic Steel fell 1% to 1012% and
Crucible 2% to 227%.
Mexican Petroleum yielded 1% to 192,
Pan-American Petroleum 1% to 101%
and Texas Company 1 %to 211%.
Marine preferred was In demand, ad-
nearly 2 points to 97, while the
Common rose 1% to 39%.
United Rubber sold up to 114 and then
dropped to 112%. Anaconda, alter yield
ing to 62, rose 1 point.
The entire list developed strength after
the start. General Motors continued
prominent, advancing 30 points to 372.
The market closed irregular. Many is
sues were in demand and rose to anew
high level for the week in the final trad
ing, while others yielded under pres
sure.
General Motors rose excitedly at a
time to 389. an upturn of 46 points for
the day, reacting at the close to 380.
Btutz Motors was also strong, advancing
16 points to 220.
Mexican Petroleum rose to 194 and j
good gains were made In the other oil,
Bhares.
Steel common sold up to 103% and :
Republic Steel to I<M%.
The rails and some specialties were |
under pressure. Utah Copper rose 2
points to 77%. Vanadium was finally
67%; Studebaker, 10814: United States
Rubber. 113: Pan-American Petroleum,
102. and Reading, 86%.
Government bonds unchanged; railway
end other bonds steady.
Total sales of stocks today were
674.700 shares: bonds, $7,233,400.
Total sales of stocks for the week were
7.233,400 shares; bonds, $76,195,000.
NEW YORK BANK STATEMENT.
NEW YORK, March 20.—Average: <
l oans, increase $188,000; demand deposits,
Increase $107,720,000; time deposits, in
crease 55,520,000; reserve, increase $4,-
660,220.
Actual: Loans, decrease $39,265,000;
demand deposits, increase $18,294,000;
time deposits, increase $4,254,000; re
serve deposits, decrease $37.055.420.
MOTOR SECURITIES.
(By Thomson & McKinnon.)
—March 20—
—Opening— I
Bid. Ask.
Briscoe 66 67
Chalmers com 5 7 i
(Packard com 27% 28 j
Packard pfd 94 95
Chevrolet 350 500 !
Peerless 40 45 i
Continental Motors c0m.... 11% 11% ;
Continental Motors pfd.... 100 102 1
Hupp com 18 18%'
Hupp pfd 100 103 ;
Reo Motor Car 27% 97%
Elgin Motors 8% 9% |
Gra.it Motors 8% 9
Ford of Canada 400 410 i
United Motors 40 CO j
National Motors 20% 22 i
Federal Truck 70 72
Paige Motors 4! 4: I
Republic Truck 42 45 j
ACTIVE OIL STOCKS.
(By Thomson & McKinnon.)
Opening——
Bid. Ask.
Anglo-American Oil 26% 27
Atlantic Refining 1530 1570
Borne-Serymser 435 460
Buckeye Pine Line 97 99
Chesebrough Mfg. Cons 230 245
Continental Oil, Colorado... 615 640
Cosden Oil and Gas 9 9%
Crescent Pipe J.ine 33 35
Cumberland Pipe Line 145 155
Elk-Basin Pete lo 10%
Eureka Pipe Line 139 141
(Galena-Signal Oil, pfd 94 98
HJalena-Signal Oil, com 65 68
Illinois Pipe Line 170 183
Indiana Pipe Line 97 100
Merritt Oil 20% 21
Midwest Oil j.. j
Midwest lifg 17° " 174
National Transit 29 31
New York Transit 185 luo
Northern Pipe Line lot - 10.5
Ohio Oil 370 3*o
Penn.-Mex 53 fio
Prairie OH and Gas 700 710
Prairie Pipe Line 260 270
Sapulpa Ref* 5% 5%
Solar Refining: 430 430
Southern Pipe Line S6 90
South Penn Oil 330 340
'Standard Oil Cos. of Cal 345 .348
Standard Oil Cos. of Ind 870 880
Standard Oil Cos. of Kas 630 CSO
Standard OH Cos. of Ky 440 460
Standard Oil Cos. of Neb 530 560
Standard OH Cos. of N. J 845 855
Standard Oil Cos. of N Y.... 470 475
Standard Oil Cos. of Ohio 510 525
Swan & Finch 95 100
Union Tank Line 124 128
Vacuum OH 440 450
Washington Oil 37 40
SEW YORK CTRB MARKET.
(By Thomson & McKinnon.)
—March 20—
—Closing—
. Bid. Ask.
American Marconi 6% 5%
Curtis Aero com 7 10
Curtis Aero pfd 60 70
Sub Boat 16% 1714
First National Copper 1 iu
Goldfield Con 13 15
Mavana Tobacco 1% 3
avana Tobacco pfd 9 11
Cvib 30 32
Jumbo Extension 11 18
International
Mplssing \ 10% 11%
Indian Packing C 0.... 1514 jg
Houston Oil no 120
Royal Baking Powder 130 140
Royal Baking Powder pfd... 80 :>o
Standard Motors 7 9
Asphalt 104% 100%
Salt Creek 49% 50
Tnopah Mining 2% 2%
United P S new 2% 2%
T>. S. Light and Heat 2% 3%
Wright-Mattin 3 6
'Vorld Film % %
Yukon Gold Mine Cos 1 1%
Jerome % 7_16
New Cornelia 21 23
United Verde 37 39
Texas Chief 18 26
Sou Trans 4 6
Sequoyah % 7-16
Omar 4% 4%
Republic Tire 4 4%
CHICAGO BTOCKS.
(By Thomson & McKinnon Wire.) '
L. Open. Close.
'Booth Fisheries 12 12
Carbide and Carbon 73% 73%
Chicago Pneumatic T 001.... 103 104
Cudahy Packing Cos 100 100
Libby 26% 27
Sears-Roebuek 236 235
Stewart-Warner 43 44%
Swift &Cos 123 122%
Swift International 45 45
United Paper Board 25% 25
Armour pfd 99% 99%
National Leather 13% 14
Montgomery-Ward 36 38%
Cont. Motor .'. A 11% 11%
Today’s Market Gossip
Trade reviews of week says business
conditions show decided improvement,
despite congested traffic conditions.
Minneapolis wires: The east are nib
bling for rye again. Cash wheat sigaoe
higher: cash corn %@ic higher barlej
■i@2e higher, rye lc higher, with good
demand.
New York cotton exchange today post
ed the following. “Under authority of
rule 30 board of managers hereby sus
pend from March 22 to 25 inclusive on
.March contract only the trading limit
iof 2c per pound.”
Directors of Ohio Cities have decided
to issue 810,000,000 8 per cent preferred
convertible into common at SSO a share,
to be offered stockholders of Ohio Cities
and Oklahoma Production and Refining
Corporation. Subscription books will
close April 20. Directors also decided
to change name of company to Pure OH
Company.
TODAY’S MARKET
NEWS IN BRIEF
NEH| YORK STOCKS.
Market was strong, with the motors
acting sensationally. New highs for the
current bull movement were touched, al
though there were some recessions near
the dose on profit taking. Market acted
strong throughout up to the final hour.
Closed irregular.
GRAINS.
Indianapolis Cash—Corn, firm, un
changed; oats, firm, unchanged; hay,
firm.
Chicago Cash—Corn.
Chicago Futures—Corn, l%@3c; high
er; oats, 1%03%c higher.
Toledo Cash—Corn, lc higher; oats, lc
higher; rye, lc higher; barley, unchanged.
LIVE STOCK.
Indianapolis—Hogs, steady to ltic
higher; cattie, steady; calves, steady to
25c higher; sheep, steady.
Chicago—Hogs. 10c higher; cattle,
steady; sheep, steady.
PROVISIONS.
Chicago Board of Trade —Pork, pOc
higher; lard, 15c higher; ribs, 17%@22%c
higher.
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. Ry 46 50
T. H., T. & Light pfd 76
T. H., 1. & E. com 1% ...
T. H. a I. & E. pfd 9% ...
U. T. of Ind. com 1
U. T. of Ind. Ist pfd 5 11
U. T. of Ind. 2d pfd 2
Advanee-Rumely Cos. com... 39
Advanee-Rumeiy Cos. pfd.... 65 ...
Am. Central Life 235
Am. Creosotlng Cos. pfd 97 N ...
Belt Railroad com 110 120
Belt Railroad pfd
Century Bldg. Cos. pfd 99% ...
Cities Service com
Cities Service pfd
Citizens Gas Cos., 1917 34
Citizens Gas, prior to 1917.. 34% ...
Dodge Mfg. Cos. pfd 99% ...
Home Brewing 50 ...
Indiana Hotel com 60 ...
Indiana Hotel pfd 99
Ind. National Life 4%
Ind. Title Guaranty ! 64 72
Indiana Pipe Line
Indpls. Abattoir pfd......... 49 52
Indianapolis Gas 53 56
Indpls. Tel. Cos. pfd 69 75
Indpls. TeL Cos. pfd 60 78
Lemdke Realty Cos. pfd 95 ...
Mer. Pub. Utl. Cos. pfd 42% ...
National Motor Cos 20% 21%
Natl. Underwrite. Cos
Public Savings 2% ...
iiaun Fertilizer pfd 50 ...
Standard Oil Cos. of Jnd
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 ...
Vandalia Coal com 5
Vandalia Coal pfd 10
Wabash Railway pfd
Wabash Rallwa ycom 9% ...
BONDS.
Broad Ripple 5s 52
Citizens street Ky. 5s 7a 83
Ind. Coke & Gas Cos. 6s 92 ...
Ind. Creek Coal & Min. 6*.. 98
lud. North 5s
Ind. Union Trac. 5s
Indpls., CoL & South. 5a.... 88
indpls. & Greenfield 5a 95
Indpls A Martinsville 5a... 55
Indpls. & Northh. 5s 38% 41%
Indpls. A Northwestern 5*.. 53 ...
Indpls. A Southeast, 5s 44
Indpls., Shelby. A S. E. 5a
Indpls. Street By. 4s 59 67
Indpls. Trac. A Ter. 5s 64% 14%
Kokomo, M. A M. 5a 83% ...
T H„ I. A E. 5s
Union Trac. of Ind., 5s TO
Citizens Gas 5s 79% 82%
Indiana Hotel Cos. 2d 6s 97% ...
Indianapolis Gas C0....r.... 70’ 80
Ind. L. A H. 5a 79 86
Indpls. Water 5s 89 93%
Indianapolis Water 4%e 72% 77%
M. H. &L. ref. 5s 89% 93
New Tel. Ist 6a 93
New TeL 2d 5s 98
New Tel. Long Dlst. 5 91
South. Ind. Power 6s 91 ...
BANKS AND TRUST COMPANIES.
| Aetna Trust 100 106
Bankers Trust 117 ...
City Trust 80
Commercial National 70
Continental National 111% ...
Farmers Trust 890
Fidelity Trust 116
Fletcher American National 267
Fletcher Sav. & Trust C 0... 167
Indiana National 288 300
Indiana Trust 206 ...
Live Stock Exchange....... 382 ...
Merchants National 261 ...
National City 114 ...
Peoples State 176
Security Trust 110
State Savings & Trust 91 96
Union Trust Cos 869
Wash. Bank & Trust C 0.... 131
LIBERTY BONDS. <
Liberty 3%s 07.10 67.38
Liberty first 4s 90.40 90.60
Liberty second 4a 89.16 89.36
Liberty first 4%a 90.78 90.98
Liberty second 4%s 89.52 89.72
Liberty third 4%s 92.48 92.68
Liberty fourth 4%s 89.72 88.92
Victory 3%s 97.50 97.70
•Victory 4%s 97.50 97.T0
SALES.
SI,OOO Liberty 3%s 97.20
Local Bank Clearings
Saturday .$3,018,000
Fame day last year 1,941,000
Increase over last year $1,075,000
Clearings fob week $18,005,000
Fame week last year 12,614,000
Increase over last year $ 5,301,000
WHOLESALE FEED PBICES.
(Acme-Evans Cos. )
Ton sacks. Cwt.
Ac. Bran $52.00 $2.65
Ac. Feed 55.00 2.80
I Ac. Midds 69.00 3.00
| Ac. Dairy Feed 75.00 3.80
E-Z Dairy Feed 60.50 3.05
| Ac. H. & M 70.50 3.55
CO & B Chop 60.50 5.05
! Ac. Stock Feed 68.25 2.95
j Ac. Farm Feed 62.75 3.20
Cracked Corn 70.00 8.65
| Ac. Chick Feed 72.76 3.65
Ac. Scratch 68.75 3.55
E-Z Scratch 68.60 8.35
! Ac. Dry Mash 70.00 3.55
! Ac. Hog Feed 68.00 3.45
| Ac. Barleycorn 71.75 8.65
I Ground Barley 77.00 3.90
1 Ground Oats 65.50 3.45
Homlik White 69.00 3.50
Rolled Barley 77.00 3.90
Alfalfa Mol iNone.
Oil Meal 86 00 4.35
Cottonseed Meal 80.00 4.05
FLOUR AND CORN MEAL.
E-Z-Bake, basis 98 pounds ctflton
sacks, barrel $13.30
Corn meal, 100-pound cotton sacks,
barrel 4,20
" 3
GRAINS. x
Shelled corn, 2-bu sacks, bu $1.75
Shelled corn, small lots, bu 1.66
Shelled corn, large lots, bu 1.65
Oats. S-bu sacks, bu 1.07
WHOLESALE PRODUCE.
Wholesalers are paying the following
prices In Indianapolis for eggs, poultry
and {lacking stook butter:
Eggs—Fresh. 420 doz.
Poultry—Fowls, c; broilers, IV4 to
2 lbs, 60c; cocks, 18a; old tom turkeys,
36c; young tom turkeys, 12 lbs and up,
40c; young hsn turkeys, 8 lbs and up,
40c; cun thin turkeys not wanted ; docks,
4 lbs np, 24c; ducks, under 4 lbs. 20c;
geese. 10 lbs up, 20c; squabs, 11 lbs to
doz, $7.50.
Butter—Clean packing stock 36c lb;
fresh creamery butter, in prints, Is sell
ing at wholesale at 60c; la tubs, 68c.
Butter Fat—lndianapolis tbuyerg are
paying 70c lb.
Cheese ( wholesale selling prices)—
Brick, 20®i8Oe lb; New York cream, 39c;
Wisconsin full cream, 31c; longhorns,
38@34c; limb urge*, Me. I
HOGS STEADY
TO 15 CENTS UP
Strong Demand for Cattle on
Yearling Order.
RANGE OF HOO PRICES.
fjOOd (jOOd Good
Mar. Mixed. Heavy. Light.
13. $16.25 @ 16.50 14.761616.25 16.25@16.50
15. 15.70 @ 15.90 14.80@15.25 16.00
16. 16.00 @ 16.15 15.00 @15.25 16.26@16.05
17. 16.00 @16.26 14.75@16.25 16.25016.40
18. 16.00@ 16.35 15.00@15.50 16.35@18.60
19. 16.00 @16.25 14.60@ 15.25 1C.60@16.60
20. 16.00 @16.40 14.50@10.00 16.50@18.6x
Receipts, 4,500; market, steady to 15c
higher. , . .
There was again an active demand
for the lighter weight good hogs and
with outside buyers in the market for
this class of porkers the market was
10@15e stronger right from the start.
Hogs weighing 160 to 200 pounds sola
at $16.50016.66, with buyers bidding the
top for good stuff. This is 50@G5c
er than prices prevailing on the open
ing day of the week.
The hogs at 200 to 225 pounds were
steady at $16.25, as were also the 225
to 250-pound at sl6. This Is a gain
of 50c average in prices for the week.
The 250 to 275-pound hogs at $15.25 ami
the 275 to 300-pound at sls were steady
and 25040 c higher than at the first of
the week.
Heavy hogs were not wanted and buy
ers and sellers engaged in some sharp
jockeying to establish a basis of prices.
Erentually buyers were forced to pay
the same as Friday and the market was
generaUy classed steady for the heavier
grades, although there was a weaker un
dertone in evidence.
There was no material change In the
prices of heavy hogs since the opening
day of ttao week, unless it be that buy
ers are being more exact in the matter
of selections and roughs that would have
brought $13.25 on Monday were selling
at sl3 at the week end.
Bulk of pigs at $12.75013 and p’gs at
*14.50015 were generally considered
steady and unchanged for the week.
Bulk of sales for the day was sl6®
16.50 or 30050 c higher for the week.
Cattle.
Receipts, 350; market active and steady.
There was a good active cattie market
with a steady demand for the light
strictly good killing cattle.
Eight fancy heifers cleared at $13.00,
high for this class of cattle.
There hus been a strong demand all
week for the light weight stuff on the
yearling order aud prices have held firm.
Heavier steers have been a little lower In
spots and buyers are agreed that there is
not such a consistent demand for this
grade.
Calves.
Receipts. 350; market steady to strong.
Good veals were in demand aud buyers
were forced to pay from $19.50 to s2t,
with a top of $2150 to fill their orders.
This was considered by some as higher
than Friday’s market, but the medium
grades were no stronger at 4-'t 17. and
the general tone of the market was
finally conceded to he steady with a
strong undertone.
For the week calvoes have registered
an advance of $1(81.50 for the good veals
and $1 for the mediums and heavies.
Sheep,
Receipts, 100; market steady.
There were a few uatlve lambs that sold
at $17.50, and some good sheep that
cleared at $lO In the light run on baud.
This was steady with Friday's market.
Sheep for the week have hehl about
steady, if anything a little stronger de
mand has been apparent.for good quality
stock, Limbs are 25050 c low, rat $15.50
@17.50, as compared to $14(818 the first of
the week. -
HOG 9.
Best hogs, 160 to 200 lbs
average 165rt@16.f16
Good, 200 to 225 lbs average.. 16.25
Good, 225 to 250 lbs average.. 16.00
Good, 275 to 300 lbs average.. 15,00
Good, over 300 lbs average... 14210
Roughs and packers 11.00@13.00
Bulk of sows 32.75ftf13.00
Yorkers 16.00016 35
Best pigs, under 140 1b5....... 14.60@t5.00
Bulk or good hogs 16.00fg1f1.50
CATTLE.
, —Steers—
Prime certified steers, 1,300
lbs and np $13.50(314.00
Good to choice steers, 1,300
lbs and up 13.00013.50
Good to choice steers, 960 to
1,200 lbs 11.50012.50
Common U> medium steers.
1.100 to 1,200 ibs 10.50@11.50
Common to medium steers,
900 to 1,000 lbs 9.50010.00
Good to choice yearlings 11.00013.00
—Heifers and Cows—
Good to choice heifers 11.00@13.50
Fair to medium heifers 9.75ft510.75
Common to light heifers..... 8.500 9.50
Good to choice cows 9.50011.50
Fair to medium cows 8.500 9.25
Canners and cutters S.UU© 7.50
—Bulls and Calves—
Good to prime export buUs. 9 00® 9.50
Good to choice butcher hulls 8.500 900
Bologna bulls 7.000 8.00
Medium veals. 14.00@17.00
Good veals 19.50@21.5p
Heavy calves 9.09012.00
—Stockers and Feeding Cattle—
Good to choice steers, 800 lbs
and up 10.00@11.00
Common to fair steers, 800
lbs and up 9.00@ 9.50
Good to choice steers, under
800 lbs 0.50@10.00
Common to fair steers, under
800 lbs B.oo@ 9.25
Medium to good cows 6.250 7.25
Medium to good heifers.... 7.w@ 7.00
Fair to best milkers 75.00@125.00
Stock calves. 250 to 450 lbs. 7.00@10.10
SHEEP AND LAMBS.
Good to choice sheep 9.50@10.00
Common to medium sheep... 5.00® 8.00
Good to choice yearlings... 13.00014.00
Common to medium yearlings 10.00012.00
Western fed lambs 18.00@18.50
Good to choice lambs 1T.50@18.00
Common to medium lambs... 14.00017.00
Bucks, per 100 lbs 7.000 8.00
Other Live Stock j
CINCINNATI, March 20.—Hogs— Jte
,eeipts, 2,000; market, slow and steady,
to 25c lower; heavy, $15.25@1G; mixed,
$16.25; medium, $16.50; lights, sl6; pigs,
sl4; roughs, $12.75; stags, $9. Cattle-
Receipts, 250; market, steady; blills,
steady; calves, s2l. Sheep—Receipts,
none.
CLEVELAND, 0., March 20—Hogs—
Receipts, 2,000; market, steady, 25c
lower; yorkers, $16.75; mixed, $1(5.75; me
dium, sls; pigs, $15.50; roughs, $12.73;
stags, $9.50. Cattle—Receipts, 200; mar
ket, strong. Sheep and Lambs—Receipts,
200; market, steady; top, sl9. Calves —
Receipts, 200; market, $1 lower; top, S2O.
CHICAGO, March 20.—Hogs—Receipts,
9,000; market steady, 10c higher; bulk,
$14.50(210; butchers, $14.10@1G.30; pack
ers. $12.40@13.05; lights. '514.85@!0.50;
pigs, $13.40(8115.251 roughs, $12.40@13.
Cattle—Receipts, 1,500; market steady;
beeves, $10(3)15.50; butchers, $7.25@13.25;
canners and cutters. .$u@7.75; Stockers
and feeders, $7.25® 12.00; cows, $7.25@
13.25; calves, $17(018.50. Sheep—Receipts,
3,500; market steady; lambs, $14@19.25;
ewes, $5.75(014.25.
EAST ST. LOUIS, 111., March 20.—Cat- !
tie—Receipts, 750; market steady; native
beef steers, $10.50® 13.75; yearling beef
steers and heifers, $10(213; cowa, $9.75
@10; Stockers and feeders, $10ra!10.23;
calves, $15@18.75; canners and cutters,
$4.75(06.00. Hogs—Receipts, 7,000; mar
ket strong and steady; mixed and butch
ers, $15.60(216.25; good heavies, $14.50(2
16.50; rough heavies, $11.75@18; light,
$15.00@16.73- pigs, $12.75@16; bulk oa
sales, $15.65(216.20. Sheep—Receipts, 500 ;
market steady; ewes, $15.75@14: lambs,
$19(019.25; canners and cutters, ss@B.
PITTSBURG, March 20.—Cattle—Re
ceipts, light; market, steady; choice, sl4
@14.50; good, $12.50(013.50; fair, $9.50®
10.50; veal calves, $21@22. Sheep and
iambs—Receipts, light; market, steady:
prime wethers $15@16; good, $13®14;
fair mixed, $10@12; spring lambs, sl3®
20. Hogs—Receipts, 10 doubles : market,
higher; prime heavies, $15.75@16; me
diums, $17.25(017.35 ; heavy Yorkers, $17.25
@17.35; light Yorkers, $15@15.75; pigs,
$10@1&251 roughs, $12@14.50; stags, $0
@10.50.
EAST BUFFALO, N. Y„ March 20.
Cattle—Receipts. 150; market, slow and
steady; shipping steers, $13@14.50;
butcher grades, $9@12.75; cows, $4@10.25.
Calves —Receipts, 1,200; market, active,
$1.50 lower; culls to choice, $0@22,00.
Sheep and lambs—Receipts, 1,200; market
slow; sheep, active,; choice lambs, $19.50
@2O; culls to fair; $10@18.50; yearlings
sl6® 18.25; sheep. s([e-mail]. Hogs—Re
< p lpts, 3,200; market, 25@50e higher;
Yorkers, $17@17.26; pigs, $16.25® 16.50;
mixed, |16.75@17; heavies, sls @15.50;
ronghs, $12@13.75; stags,
INDIANA DAILY TIMES, SATURDAY, MARCH 20, 1920.
GRAINS SHOW
NEW STRENGTH
Entire Session Bullish, With
Prices Higher.
CHICAGO, March 20—Grain futures
were higher on the Chicago Board of
Trade today, the bullish trend apparently
unchecked.
Provisions eloßed higher
March corn opened at $1.58 and closed
up %c at $1.58%.
May closed up 3%c at $1.55% after
opening down %c at $1.52.
July opened down %c at $1.45% and
closed up 3%c at $1.48%. .
September corn closed up 2%c at
$1.44%, after opening unchanged at
$1.42%.
May oats was strong at the opening,
up >/&c at 85%c and closed up another
7^ C yt SO%C,
July oats closed up l%c at 78%c, after
opening at 77%c. . „ ~
There were surprises in store for tfic
grain trade on the whole because of the
great strength displayed during the en
tire session. Resting spots In corn were
at advances of l%c March and 2%03e
for the more deferred months. Oats were
up 1%@3%c for the day. Gains of 50c 1,
pork, 15c In lard and 17%©22%c In ribs
were shown.
CHICAGO GRAIN.
—March 20-
CORN—Open. High. Low. Close.
Mar. 1.5-8 1.58% 1.50% 1.58% tl%
May. 1.52 1.55% 1.51% 1.55% fi%
July 1.45% 1.48% 1.44 1.43% t 2%
OATS—
May. 85% 86 Vi 84% 86% +l%
July 77% 79 76% 78% U%
FORK—
May 3X50 38.00 37.50 38.00 t .50
Julv 37.40 38.10 37.20 38.00 t 50
LARD—
May. 21.07 22.15 21.67 21.97 t .15
July 22.50 22.92 22.47 22.77 t .15
RIBS—
May. 10.10 19.37 19.02 19 22 t .17
July 19.62 19.85 19.57 19.85 t .23
tlnercase over yesterday’s close.
CHICAGO CASH.
CHICAGO, March 20.-Wheat—No. 3
hard winter, $2 48. Corn—No. 8 mixed, 1
31 56%; No. 3 white. $1.5901.59%; No. 3
veliow, sLsß%@l.t*>; No 4 mixed, $1.54%
@1.55; No. 4 white. $1.56; No. 4 yellow,
$1.5501.57. Oats No. 2 v.hlte. 94095 c;
No. 3 white, 92@63%c
TOLEDO CLOSE.
TOLEDO, March 20.—Corn—No. 3 yel
low. $1.63 Oats—No. 2 white, 98%@99%e.
Rye—No. 2, $1.74. Clover seed—Cush and
March, $35.10; April, $34.60; October,
$24.75. Alsike —Cash and March, $35.95;
April, $36. Timothy—Cash, 1917 and 1918
crops, $5.95; 1919 crop. March and April,
$6.05 bid; May, $5.95.
PRIMARY MTRKKTS.
(Thomson & McKinnon)
- —Receipts—
Wheat. Corn. Oats.
Chicago 34,000 351,000 132,0'*0
Milwaukee 13,010 CO.OUO 53,000
Minneapolis . 113,000 10,000 25.00*1
Duluth 1.000 14,000
•St. Louis 31,000 90,000 70,000
Toledo 4.000 8,000 14,000
Detroit 2.000 3.000 6,000
Kansas City.. 158,000 38,000 17.000
Peoria 1.000 57,000 3t,000
Omaha 36.000 I*M,<*>o 56.0 W
Indianapolis . <(.000 83,000 48,000
Totals .... 792.' IKI.OOo
Year ago... 424.000 396,000 484,000
.Shipments—
Wheat.” Cora. Oats.
Chicago 46.000 132.0**0 233,000
Milwaukee .. 13,000 51.**© 26.000
Minneapolis . 112.000 39.000 00,0 W
Duluth 15.000
St. Louis 32.000 49,000 34,000
Toledo 1.0.0 1,000 2,000
Detroit 2&>o 2,000
Kansas City. 130,000 14**00 15.000
Peoria 28,000 40,000
Omaha 23,000 80.000 26,000
Indianapolis 34,000 8,000
Totals 388000 420,000 506,000
Year ago... 704.000 300,000 TOI’.OOU
—Clearances
bom. W. Corn. Oats.
New Y ork ....... 143.000
Philadelphia.. 21.000 • -
New Orleans. 90,000
Totals 111,0(0 145,000
Year ago... 695, uOO 111,000 522,000
CO MPA RATI VE ST ATE MEN T.
—Output of Flour —
March 20, 1920 11.206 brls.
March 13, 1920. 7,842 brls.
March 22, 1919 9.94 i brls.
March 23, 1918 3.2*18 brls.
—lnspeetolns for Wi-ek
- March 20, 1920 -
Wheat 9.000 21.000 bu
Corn 881,000 179,000 bu
Oata 108,000 66.000 bu
Rye / 6.000 1,00(1 bu.
STOCK IN STORE.
Wheat. Corn. Cats. Rye.
March 20. 1920.808.630 653,925 67,084 8,030
March 22. 1919.261,630 428,060 250.1*10 3,300
March 23, 1918 . 58,270 744,080 200,520 320
INDIANAPOLIS CASH GRAIN.
March 20—
Corn Firmer; No. 4 white, $161%;
No 4 veliow, $1.00%; No. 5 yellow,
SI .59%.
Oats—Firm; No. 2 white, 98%098%e;
No. 3 white, 98c.
Hay—Firm; No. 1 timothy, $330-33.50;
No. 2 timothy, $32032.50; light clover
mixed $320-32.50; No. 1 clover mixed,
$31.50032.
—lnspections
Corn—No. 3 white, 9 cars; No. 4 white,
12 cart; No. 3 yellow, 4 cars; No. 4 yel
low, 13 cars; No. 6 yellow, 1 car; No. 3
mixed, 1 car; No. 4 mixed, 1 car; total,
41 cars.
Oata—No. 1 white, 1 car; No. 2 white,
10 cars; No. 3 white, 2 cars; sample
white, 2 cars; total, 15 cars.
Rye—No. 2, 1 tar.
Barley—Special barley, 1 car.
WAGON MARKET.
The following are the Indianapolis
prices of hay and grain by the wagon
load:
Hay—Loose timothy, $31@32 a ton;
mixed, S3OO 32; clover, $30033.
C0rn—51.5501.65 a bushel.
Oata —90093 c a bushel.
Straw—Wheat, sS@u ton; oats. $14015.
WAGON WHEAT PRICES.
Indianapolis elevators and mills are
paying $2.35 for No. 1 wheat, $2.32 for
No. 2 and $2.29 for No. 3. A1 iother
grades according to quality.
iwniini.iiiMßrannmi nhwmhhh
Cash Dividends Tax Exempt
We have paid sixteen consecutive semi-annual cash dividends of
3!/ 2 % 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%.
If 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.
Home Office, Third Floor Law Bldg.
Stock and Bond Department. 512 Hume-Mansur Bldg.
Without obligation on my part kindly send me descriptive literature
relative to your 7% nontaxuble participating preferred stock.
Name ................................ •.... ••................. ..
Street
Town I
Established 1912. Assets Over One Million Dollars.
The Preferred Stock and Bond Offerings of this Company are all
secured by Real Estate, and free from the Hazards
‘ of speculative stocks.
On Commission Row |
Lemons are 50 cants box lower at $5.25
@5.50. Demand has dropped off, dealers
report.
Beets in sixty-five pound bags are 25
cents lower. Now selling at $1.50. Ship
ments have been freer, dealers state.
Northern potatoes are higher at $9
bag of 150 pounds or $6 hundredweight.
Dealers are at a loss to predict when
the top of the advance will be reached.
Oranges are steady and show no indi
cations of easing off any. Callfornias
selling at *7OB box and the Floridas at
the same price. Dealers say until car
shortage is relieved at shipping point,
uo relief may be expected.
Seed potatoes are 25@50c hundred
weight higher. Red Rivers now selling
at $6.50; Early Rose, $6; Eastern Cob
blexs. $6; Fancy Six Weeks or Triumph
at $(!. The seed potatoes are acting in
sympathy with the general potato mar
kets, dealers say.
TODAY’S PRICES.
Apples—ln barrels: Extra fancy Red
Jonathans, sl2; extra fancy Grimes
Golden, SU; Baldwin, $850; Greenings,
$9; Hubbardson, $90*11; Jonathan,s *9O
10.50; Rome Beauties, $8.50010.50; Kings,
$9; Wlnesups, $10; Maine Northern, $10;
Wealthy, $8; York Imperials, $9; Kin
uaird Favorites, $6; Grimes Golden No.
1 grade, $9. In boxes: .Rome Beauties,
80s to 150s $3.50; Grimes Goldens, 96s
to 17&A $3.50; Delicious, 80s to 150s, *4.50;
Yellow Ortley, 72s to 1625, $3.5003.75;
Spitzenberg, 80s to 17.05, $3.50.
Bananas Pound, B%c.
Beans—Michigan navy, in bogs, per lb.,
7%e; pinto, 7%c; limas, 13%c.
Beets—tio-ib. bags, $1.50.
Cauliflower—Crate, $202.75.
Carrots—Basket, 40 lbs., $1.75: new
crop, dozen bunches, $1; hamper, $2.5©.
Celery—Florida $4.5004.75 a crate.
Cucumbers Hothouse, Davis, doz, $2.75;
box 2 doz $5.2505.73.
Excelsior Dates —Three-doz 'pkgs, $5.75.
Figs- New, in boxes, 50 pkgs, 61oz 55c;
24 pkgs, 8-oz. $3,00; 12 pkgs, 10-oz, $2.25;
10-lb layer, 53.20; Smyrna, box, 11 lbs,
$4.20; Spanish, box 2 ibs, $5.50.
Garlic—Pound, 30c.
Grapefruit—Extra faDcy, Floridas,
$3.25 04.75.
Honey Comb, new, carve of 24 caps,
$7.75; extracted, 00-lb tins, 22c; South
American, dark extracted, 16c lb.
I<emons —Callfornias, standard box,
$5.2505-50
Lettuce Leaf, lb, 16018 c; Iceberg,
crate, 4 doz, $2.5003.
Mangoes—Florida. 2-do* basket, $1.50;
crate, sl6.
Nut* Filberts, lb, 29@32e; English
walnuts, 37@40c; chestnuts, 85c; pecans,
30e, 50c, 70“; Brazils. 28<-; almond, 33
<0 :• 6.-; shellback hickory, 10c.
Oranges California navel, box, s7@B;
Florida. S7OB.
Onions—lndiana yellows, cwt. $7;
western veliow. $7; Spanish imported,
40-lb basket, $2.60; shaliot*. doz, 90c.
onion Sets—Red and yellow, bu, $4;
white. $4.27.
Potatoes Western round whites, cwt,
$0; northern white, $6.
Potatoes Be,.<] t ltffi River Ohio, cwt.
$6.50; Early Rose, $6: eastern cobblers,
$6: Sis Weeks Triumphs, $6.
Sage—Fancy, doz. 50c.
Spinach—Large, crate, $4; Texas, bu,
$2.15.
strawberries- t)t box, 75085 c.
Sweet Potatoes- Eastern Jersey, bu,
$2.75; Nancy Halls, $2.23.
Tomatoes Crate, 6 baskets, $707.50;
basset, $1.2501,50.
Wholesale Meats
POUR.
HAMS—
Keguiar, 14 to 16 Ibs .35%
Skinned, 12 to 14 lbs .36
Fancy boiled A2
BACON—
Fancy breakfast, 5 to 7 lb*.. .48
Sugar cured squares .24%
Fancy sliced, 1 lb cartons... .55
PICNICS—
Sugar-cured, 5 to 7 lbs .23
SALT MEAT
: Dry salt Jowl butts J 7%
I.A ft i*—
Refined, tierce basis .25
Open kettle, tierce basis..... .26
FRESH PORK—
Spare ribs
• Shoulder bones .08%
'Tenderloins ,580.60
Dressed hogs .24
! Light loins. 7 to 9 lba .32%
; Extra light loins, 4 to 6 lbs .33%
! Fresh boneless butts .33%
Boston butts 228
j Skinned shoulders .25%
SAUSAGE—
I Breakfast, in 1-lb cartons.... 2W
Standard, fresh bulk .18%
Fruukfurts, bog casings
EKESIi BEEPS.
Medium steers. 400 to 500 lbs .17%
No. 2 heifers .17'
Native cows 16%017%
Medium cows 13%@15
LulNb
No. 3 211
Rlß*.
No. 2 .31
No. 3 .18
ROUNDS—
No. 8 .SO
No. 2 .22
CHUCKS—
No. 3 .12
PLATES—
No. 3 .10
YKal,
I CARCASSES—
No. 1 quality 24%@.28
No. 2 quality 1"%018
LOCAL HIDE MARKET.
Green Hides—No. 1,18 c; No. 2,17 c.
Green Calves—No. 1. 40c; No. 2, 38%c.
Horsehldes—No. 1, $10; No. 2, $9. Cured
Hides—No. 1. 20c: No. 2. 18c.
DIVIDEND ANNOUNCEMENT
6% Cash
100% Stock
HARVEY CRUDE
Harvey Crude Oil Company of Kan
sas City and Tulsa at a Directors
meeting Monday, March 15th, de
| dared a Regular Quarterly 6%
Cash Dividend, as heretofore paid
j since September. 1918, to Stockhold
; ers of record March 31st, 1920.
! The Directors also authorized, in
accordance with plan promulgated at
recent annual meeting, a 100% Stock
Dividend as of April 10th, 1920.
S. M. GOLDMAN, Secretary.
CORN RESERVES
SHOW INCREASE
Shipments Fall Down, Despite
Increased Yield.
Corn and wheat reserves on farms In
Indiana were greater than last year,
while oats show a decline, according to
a report issued today by G. C. Bryant,
field agent for the government co-op
erative crop reporting service. The re
port says:
“The reserves of corn on Indiana farms
on March 1 were more than 10,000,000
bushels greater than last year, and wheat
reserves were more than 1,000,000 bush
els greater, according to the report of
the co-operative crop reporting service
for Indiana, Issued today. The total for
oats, however, shows a decrease of ap
proximately 12,000,000 bushels, as com
pared with last year, aud barely shows
a decrease of about 100,000 bushels, al
though the percentage of all grains
shipped out of the counties where grown
Is considerably less thah the ten-year
average. The average value of improved
farm land shows an Increase of $25 per
acre over last year and $47 per acre
over the value in 1916. The report fol
lows :
SHIPMENTS DROP
BELOW NORMAL.
“Corn reserves on Indiana farms on
March 1 were 38 per cent of last year's
crop and amount to 66,785,000 bushels,
compared with 66.100,000 bushels in 1919
and 82,646,000 bushels in 1918. The quan
tity. to be or that has been shipped out
of the counties where grown amount* to
only 17 per cent of the total production,
which is 12 per cent below the ten-year
average. Principal among the reasons
for this low per cent of shipments Is car
shortage and local sales to farmers. The
crop was one of the best ever produced,
and notwithstanding the severe damage
done by floods In the early fall, In the
bottom lands of the south part of the
*tnte, the quality is considerably above
the average and 88 per cent of the total
is merchantable. Reserves for the United
mates at this time amount to 1,092.-
095.000 bushels, compared with 855,-
269 000 bushels tn 1910, and 1,263.290 000
bushels in 1918.
“The reserves of wheat on March 1
were 13 per cent of last year’s crop and
amount to 6,983,000 bushels, compared
with 4.943,000 bushels in 1919 and 4.680,000
bushels In 1918. Ths condition of the
growing crop, which at this time is not
very encouraging, is causing many farm
ers to hold their old whea . Ship
ments out of the counties where grown
amount to 60 per cent this year, com
pared with 64 per cent for the ten-year
„ for the United Ktatei
amount to 166,389.000 bushels, compared
-is'/w/? 8 0 ?* bn * brtß l>*t year and
■ 0i.,46.000 bushels In 1918.
MORE OATS FED
ON FARMS THAN USUAL.
The reserves of oats March 1 were 29
r er t*jp -™ r ' B cr °P *n<i amount
vao he,g compared with 29
*6B 000 bushels in 1919 and 29.723.000
bushels In 1918. The total produrtlon last
year was somewhat less than usual and
considerably more was fed on the farms
than is usually the case because of the
xvlde discrepancy between the price of
corn consequently shipments
out of the counties where grown are only
29 per cent of the total production this
year compared with 43 per cent for the
ten-year average. Reserves for the United
States amount to 422,815.000 bushels 00m
par, r< ,L wlth stw: Uooo bushels last year
and 689,208.000 bushels in 1918. 7
“The barley reserve* on March 1 were
18 l*er cent of last year* crop and
Jinriunt to *57,000 hu*hfl compared with
~[1 I fc | h ' l " in ItGB and 267,000 bushels
In 1918. Barley la raised almost entirely
a* a feed crop tn Indiana, and Is con
fined principally to a few counties tn
the northeastern part. Although the acre
age and production was considerably
greater last year than Is usually the case
the quantity shipped out of the counties
where grown amounted to only 9 Der
cent compared with 24 per eent for the
ten year average. Reserves for the Unit
ed States amount to 38,010.000 bushel*
compared xvith 8J .746.000 bushels in 1919
and +4.419.000 bushels In 191S.
Land values In all sections of the state
show a decided Increase over Last year
S'
Interstate Public Service Company
7% Cumulative Prior Lien Stock
Par Value of Shares SIOO.OO Each
* t
Dividends, at the rate* of $7.00 per share per
annum, payable Quarterly on the 15th day
of January, April, July and October,
to stockholders of record the last
day of the preceding month.
The following is a summary of the principal features of this high
grade investment stock:
{1) Issued not by anew enterprise, but by an established property
with a large well-demonstrated and increasing earning capacity.
(2) Stock issued as fully paid and with the express covenant of the
Company that it shall not be subject to assessment for any purpose.
(3) Income, derived from this stock by individuals, exempt from all
taxation in Indiana and not subject to the normal Federal Income Tax.
(4) Issue authorized and approved by the Public Service Commis
sion of Indiana after hearing the Company’s petition and investigation
of its financial condition.
(5) Earnings of the Company derived from the sale of public utility
necessities, the demand for which is constantly increasing.
Price SIOO.OO per share
INQUIRY COUPON.
PAYABLE INTERSTATE PUBLIC SERVICE CO.
510 Board of Trade,
SIO.OO per share with subscription. Plea3e send free my
<M Ann part, complete information regarding your Prior
SIO.OO per snare per month tor nine Lien stock investment,
months. Name
Street
* \ Address •. ..
Interstate Public Service Company
(Incorporated)
INDIANAPOLIS, INDIANA
Railway Department, 508 Board of Trade.
y
. LATE FINANCIAL
NEWS
NEW YORK, March 20.—The Evening
Kun’a financial review today said:
“While the disturbing reports of a
radical uprising In Germany, which
stated that a considerable army was
about to march on Berlin, served more
or less to unsettle prices at the begin
ning of today's short session of the
stock market, it was not leng before
bullish tendencies were manifested with
vigor and in large volume of trading.
“Advances of one to three points were
made by the coppers on the strength of
a story that copper interests were about
to organize a financial corporation to ex
tend credit to European manufacturers
on copper sales.
“Marine common and preferred dis
played a good deal of spirit on the con
structive side.
“Neither the rails or the standard
shares among the industrials were much
changed in the first hour, although they
recovered about all the losses -of the
initial trading. The turnover was In good
volume for a Saturday session aud there
appeared to be unwonted interest.
“Buying was carried well into the sec
ond hour with vigor, but in the last
thirty minutes business lost much of Its
vim. General Motors shot forward to a
new high price at ,’lß9.’’
and nearly a 50 per cent Increase over
the values in 1916.
“The values of the various kinds of
farm lands for the past five years per
acre are: Lands with improvements,
1916. S9B; 1917, $103; 1918, *114; 1919,
$120; 1920, $145.
“Lands without Improvements. 1916,
S7B; 1917, $81; 1918, $00; 1919, *97; 1920,
sll3.
“Poor plow land, 1916, $77; 1917. S6O;
1618. *67; 1919, *6B; 1920. *BO.
“Good plow land, 1916, SB4; 1917, SB7;
1918, $96; 1919. SIOO ; 1920, sll9.
"All plow land. 1916. SB4; 1917, *B7;
1918, *96; 1919. *100; 1920, sll9.
“The average value per acre March L
1920. for the United States is as follows;
Land with Improvements. *99.24; land
without Improvements, $74.41; poor plow
land, $60.76;. good plow land, $113.25; all
plow land, $90.01.
Weather in Other Cities j
Bar. Temp. Weath.
Atlanta, Ga 29.84 42 Cloudy
Amarillo, Tex 30.10 36 PtCldy
Bismarck. N. D.... 30.18 16 Clear
Boston, Mass 29.36 32 Snow
Chicago. 11l 29.90 34 Clear
Cincinnati, 0 29.90 30 Clear
Cleveland, 0 29 72 30 Cloudy
Denver, Colo 30.10 30 Clear
Dodge City. Kas... 30.16 28 Clear
Helena, Mont 30.06 32 Clondy
Jacksonville, Fla... 29.82 62 PtCldy
Kansas City, M 0... 30.10 82 Clear
Louisville, Ky 30.00 32 Clear
Little Rock, Ark... 30.08 40 Clear
Los Angeles, Cal... 29.9S 50 Cleat
Mobile, Ala 29.96 50 Cloudy
New Orleans, La... 29.98 54 Cloudy
New York, N. Y.l 29.36 32 Snow'
Norfolk, Va 29.52 46 Clear
Oklahoma City 30.16 38 Clear
Omaha, Neb 30.10 32 Cloudy
Philadelphia, Pa... 29.40 38 Rrln
Pittsburg. Pa 29.66 28 Snow
Portland. Ore 29.82 40 Clear
Rapid City, S. D... 30.14 32 Clear
Roseburg. Ore 29.82 38 Cloudy
San Antonio, Tex.. 30.08 54 PtCldy
San Francisco, Cal. 29 94 48 Clear
St. Louis. Mo 30.04 24 Clear
St. Paul. Minn 30 00 24 Clear
Tampa, Fla 29.84 68 Rain
Washington. D. f.. 29.46 38 Cloudy
Observation taken at 7 a. m., Mar, h 20.
1920, by United States weather bureau.
WEATHER CONDITIONS.
The storm over the Mississippi river
Friday morning Is now passing into the
Atlantic, having caused considerable pre
cipitation tn eastern sections. It is fol
lowed by fair and cool weather over
practically ail of the interior In con
nexion with the Meid of high barometric
pressure that now cover# the region be
tween the Mississippi and the Rockies.
Throughout the entire west and north
west, however, the readings are about the
average for the season.
J. H. ARMING TON, Meteorologist.
MARCH COTTON
HITS TOP MARK
Other Positions Ixnrezv With
Unsettled Tone.
NEW YORK, March 20—Th* cotton
market opened today with March 14
points higher, touching yesterday's top
mark of 40.39 c, while other position*
were 9 to 19 points lower.
Later positions responded to week-end
realizing and local selling on the re
strictions of the peace treaty by th*
senate, prospect* for improved weather tn
the belt and larger local ginning from
the growth of tne 1919 crop than had
been expected.
At the decline the trade was a fair
buyer and prices held around the initial
quotations later, though the tone wai
somewhat unsettled.
The close was barely steady at a n*t
advance of 10 points to a decline of 23
points.
Conditions Good,
Says Brokers* Wire
In trade circles condition* are satis
factory. although there has not been a
sufficient change In the time money
market to make it a factor, according
to a stock letter received today by wire
from the New York office of Thomas A
McKinnon, brokers. The letter says:
“Market has changed from a broad,
general market, to an irregular specialty
effnir. Traders Rre not inclined to take
a position on the market in general, but
i ere looking for particular issues possess
ing technical requirement* for further
upward movements.
“Today motora attracted attention to
General Motors, which proved the sensa
tion of the session. The rapidity with
which this issue advanced Indicates exist
ence of a short interest and a small float
ing supply of the stock.
; “In some departments of the market
profit taking has been in progress but
not to such an extent as to create an
appearance of weakness. Recessions,
where they occurred, were as a rule
moderate.
| “The news could hardly be called fa
! vorable. The peace treaty having been
rejected by the senate, while in Ger
many there is a struggle for control
with the resnlt at the moment uncertain.
Should the bolshevistic idea prevail a
serious situation will follow.
iuhtions *re very
satisfactory and this is particularly true
to the steel industry. The Iron Age
reported a further advance in the price
of steel products and the eight leading
products are now commanding a price of
79.70 a ton, which compares with 77.80
; a few weeks ago.
"In tianking channels there has been
.1 tendency toward normal, but there
has not been a sufficient change in the
time money market to make this a factor.
The rate is tending downward but is
far out of line.
“Taking all conditions into considera
-1 tion it would seem the advance that has
j occurred has been too rapid and tech
nical position of the market has been
weakened.”
CLEVELAND PRODUCE.
CLEVELAND. March 20.—Batter—
Creamery, in tubs, extra, 72072 c; ex
tra firsts, 71@72%c; firsts, 70@70%c;
prints, lc higher; seconds, 65%_@66%e;
packing stock, 35@40c. Eggs—Northern
extras. 48c; extra firsts, 47c; northern
firsts, new cases, 46c; old cases, 46c;
southern and western firsts, new cases,
45%c. Poultry—Chickens, 45050 c; light
fowls. 35c; heavy grades, 42c; roosters,
old 23024 c; springers, 9040 c; ducks,
36038 c; geese, 30035 c; turks. 35040 c.
CHICAGO PRODUCE.
CHICAGO, • March 20.—Butter—Re
ceipts, 6,500 tubs; creamery extras, 68c;
extra firsts, 60067 c; firsts, 34039 c. Eggs
—Receipts, 12.790 cases; current receipts.
43044 c; firsts, 44045 c; checks, 35037 c;
dirties, SB@B9<\ Cheese—Twins, new, 28
028%c; dairies, 29%@30%c: yonng Amer
icas, 30030%c: longhorns, 28c; brick, 27c.
Live poultry—Turkey, 40c chickens, 37c;
springs, 37c; roosters, 2t*c; geese, 22c;
ducks, 38c. Potatoes—Receipts. 39 cars;
Minnesota, Dakota and Ohio, *5.8506.
9