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Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, May 13, 1920, Home Edition, Image 10

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10
STEEL HITS NEAR
TO FEBRUARY LOW
Motors Also Under Fire on
New York Exchange.
NEW YORK, May 13.—Pressure was
exerted agaiust tlx* stock market at the
opening today, causing declines through
out the list ranging from fractions to
oyer 2 points.
Steel common was off " to 92%. Bald
win 1% to 113%. Crucible Steel 2% to
134% and Republic Steel 2% to 90%.
The motor shares were in snpply, Gen
eral Motors dropping 1 point to 26%.
Sfndebaker 14* to 70%. Pierce Arrow 1
point to 52% and Chandler 2% to 131%,
while Keystone Tire fell 2% to 28 s .
Mexican Petroleum dropped 2 points to
179 and Pan-American Petroleum I*4 to
101%. Losses of 1 point were suffered in
Royal Dutch and Texas Company.
Fnited States Rubber fell I s * to OSH
and American Woollen 1 point to 107%.
Fractional losses were suffered by the
railroad shares.
Some stocks held np comparatively well
as the market went into the second hour,
although pressure continued on the mo
tors and some steel stocks. On this
movement Steel common made anew low
of 92%. This was within % of the low
price recorded during the February
break.
Around 11:30 a rally set in that result
ed in a recovery of a full point for Steel
common and over 5 points for Crucible.
The oil stocks advanced from 2 to 3
points.
After selling down close to 93 South
ern Pacific rallied a point in mid-after
noon dealings. All other rails were firm.
A decided break in Savage Arms,
which sold down to 41. a decline of 7
points from Wednesday’s close and 14
points in two days, was believed by
traders to be dne to forced liquidation
of a weak long account.
The market closed steady. Moderate
rallies occurred in some issnes near the
close. Steel common held within a nar
row range and finished at 93V Baldwin
reacted to 114 V
General Motors, after falling to 26. rose
Ur 27V while Stndebaker fell front 71 to
69V Royal Dutch rallied 1% in the last
few minutes, while Pan-American Pe
troleum reacted nearly 2 points to 101 %.
Republic Steel closed at 91%: South
ern Pacific. 95%; Mexican Petroleum.
379%; American Woolen, 108%, and F.
S. Rubber. 94V
Government bonds, unchanged. Rail
way and other bonds, steady. Total sales
of stocks were 705,400 shares; bonds, $lO,-
706,000.
New York Liberty Bonds |
(By J. Wild A Cos.)
—May 13—
Closed
Closed Tester- Net
Today day Change
Liberty 3Us 91 30 9t.!H *.64
Liberty first 4s 85.52 55.60 *.04
Liberty second 45.. 85.00 85 OH *.06
Liberty first 4145... 84.50 87.00 *.50
Libertv second 4149. 85.00 85510 *.20
Liberty third 4kis.. 88.60 88.98 *.38
Liberty fourth 414*. 85.42 85.54 *.12
Victory 3%s 9-5-82 96.00 *.IS
Victory 4*43 86.90 96.04 *.14
• Denotes decrease compared with yes
terday. .
NEW YORK METAL MARKET.
NEW YORK May 13. —Copper—Quiet:
spot. May and June offered lS'Ac, July
offered ISHc. August offered Lead
—Quiet: spot offered 8-%e. May offered
B**c. June and July offered s*4e. Spel
ter-Easy: May offered 7.75 c; June. 7.60
5f7.75c; July [email protected] ; August. 7 706 t
7.75 c.
MOTOR SEfIRITIES.
(By Thomson & McKinnon.)
, —Opening—
Bid Ask.
Briscoe 57 581*5
Packard com 22 24
Packard pfd ?*> 94
Chevrolet 250 500
Peerless 42 4-5
Continental Motors com .... 9*4 10
Beo Motor Car 23 23>4
Ford of Canada 375 385
United Motors 40 60
National Motors 15 16
Federal Truck 51 53
Republic Truck 33 35
ACTIVE Oil. STOCK?.
(By Thomson A McKinnon.' l
-Opening-
Bid Ask.
Anglo-American Oil 22' t 2314
Atlantic Refining 1130 1200
Borne-Scrmyser 450 47-5
Buckeye Pipe Line 90 92
Chesebrough Mfg. Con. 225 23-5
Oosden Oil and Gas 7 , -j 7*4
Cres-ent Pipe Line 30 32
Cumberland Pipe Line 130 110
Elk Basin Pete SV* B*4
Eureka Pipe Line 105 110
Galena-Signai Oil, pfd 95 98
Galena-Signal Oil, com 60 3
Illinois Pipe Line 160 165
Indiana Pipe Line 90 92
Merritt Oil 15'4 16
Midwest Oil I'j 2
Midwest Refining 114 116
National Transit 28 30
New Tork Transit 160 I*>s
Northern Pipe Line 95 98
Ohio Oil 322 327
Penn. Mex 4-4 46
Prairie Oil and Gas 565 585
Pairie Pipe Line 195 200
Sapulpa Refining 5 5*4
Solar Refining 580 too
Southern Pipe Line 120 125
South Penn. Oil 290 295
Southwest Penn. Pipe Lines. 65 70
Standard Oil Cos. of Cal 318 323
Standard Oil Cos. of Ind 670 090
Standr-d Oil Cos. of Kas.... 570 590
Standard Oil Cos. of Ky.... 385 595
Standard Oil Cos. of Neb.... ISO 500
Standard Oil Cos. es N. 403 4**B
Standard Oil Cos. es Ohio 450 490
Swan & Finch 90 95
Union Tank Line 108 112
Vacuum Oil 365 375
Washington Oil 27 33
CHICAGO STOCKS.
(By Thomson A McKinnon's Wire. 1
Open'. Close.
Carbide and Carbon 6lbj 61*4
Diamond Match 113 113
Libby 24 2%
Sears-Roebuck 215 215
Stewart-Warner 41 40*,
Swift % Cos 110 H HO-)*
Swift International 36 36
United Paper Board 23*-j 23*4
Armour pfd 95 or.**,
National Leather 11*4 11*4
Mont-Ward 32* 3 32
Hupp 17 17
Foreign Exchange
Lower for Sterling
XEW YORK. May 13.—Quotations wore
steady at the opening of tho foreign ex
change today. Demand sterling opened
at $3.81%, off Vj; franc checks, 15.12; lire
checks, 20.32, off 45 centimes; marks, de
mand, .020; cables, .0204; Canadian dol
lars. .9025.
Marks made anew high and franc
checks reacted 10 centimes in the early
afternoon. Demand sterling eased off
another *4 cent to $3.81*4 at noon. Ster
ling demand was at $3.81 *-i and cables
$3-82; francs demand at 15.22 and cables
15.20; lire demand. 20.42, and cables,
20.40.
Calls Conference
on Wheat Guaranty
WASHINGTON. May 13.—A conference
of government officials, congressmen and
railroad executives to discuss the possible
necessity of continuing the guaranteed
wheat price after June 1, when it ex
pires. according to present laws, has been
called by Joiius H. Barnes, director of
the United States grain corporation, to
meet in New York, May 19.
In a tlegram to congressmen. Barnes
expresses grave concern over the results
that may follow the discontinuance of
the grain corporation’s stabilizing of the
wheat price at. about $2.26 a bushel
and eTectTves.
r Quigley-Hyland Agency
ClYil and Criminal Investigators
US-SSSLaw bid* Main :Wi
HORSES AND VEH ICLES. ~~
JOSEPH HAAS
says highest prices far <t—rt Koeaes. cow*
fctf Jkogs. CmO- Matfa- ttwic Acoto, 2
Local Stock Exchange
STOCKS.
Bid. Ask.
Ind. Ry. A Light com 05
Ind. Ry. & Light pfd 95
indpls. & Northwestern pfd 75
Indpls. & Southeastern pfd. ... 75
Indpls. St. Ry 5S 6o
T. H . T. & Light pfd
T. H„ I. & E. com 2%
T. H., I. & E. pfd 13
U. T. of Ind. com ...
IT.1 T . T. of Ind. Ist pfd 8
C. T. of Ind. 2d pfd 2
Advance-Rumely Cos. c0m.... 33
Advance-Rumely Cos., pfd
American Central Life 235
American Creosotlng Go. pfd 97
Belt Railroad com 99 109
Belt Railroad pfd 47% ...
Century Building Cos. pfd.. 89 ...
Cities Service com 350 355
Cities Service pfd
Citizens Gas Cos„ 1917 33
Citizens Gas, prior to 1917... 34 ...'
Dodge Slfg. Cos. pfd 99% ...
Home Brewing 05 ...
Indiana Hotel com 'SO
Indiana Hotel pfd 96
Indiana National Lib. 4% ...
Indiana Title Guaranty .... 64 72
Indiana Pipe Line
Indpls. Abattoir pfd 48 52
Indpls. Gas 49 53
Indp's. Tel. Cos. com 2
Indpls. Tel. Cos. pfd 73% 85
Mer. Pub. FtU. Cos. pfd 43 53
National Motor Cos 11 17%
Public Savings 2% ...
Ranh Fertilizer pfd 50 ...
Standard Oil Cos. of 1nd.... 670
Sterling Fire Insurance 8% 9%
Van Camp Hardware pfd.... 98
Van Camp Pack, pfd 98
Van Camp Prod. Ist pfd.... 98
Van Camp Prod. 2nd pfd.... 98 ...
Vandalia Coal com 5
Vandal ia Coal pfd 10
Wabash Rv. com 8
Wabash Ry. pfd... 22
BONDS.
Broad Ripple 5s 40
Citizens St. Hy. 5s 75 80
lud. Coke and Gas Cos. 65.. 88
Ind. Creek Coal and Min. 6s. 98 ...
Ind. Northern 5s
Indiana Fnion Trac. 3s
Indpls., Col. & South. 55.... Bs*8 s *
Indpls A Greenfield 5s 90 97
Indpls. A Martinsville 55.... 58
Indpls. A North. 5s 32 40
Indpls. A Northwestern 5s 58
Indpls. A Southeast. 5s 44
Indpls.. Shelbyv. A S. E. 5s 95
Indpls. St- Ry. 4s 57 00
Indpls. Trac. and Ter. 55.... 65% ...
Kokomo, M. AW. 55*....... 82% 84
T. IL. I. A E. 5s
Union Trac. of Ind. 6s 63
Citizens Gas 5s 74 79%
Ind. Hotel Cos. 2d 6s 96% 100
Indianapolis Gas Cos 73 SO
Ind. L. and H. 5s 77 82
Indpls. Water 5s 87% 90
Indianapolis Water 4%s .... 70 so
M. H. and L. ret 5s 87 92
New Tel. Ist 6s 94 ...
New Tel. 2d Ce 99
New Tel. Long Dist. 5s 93% 97
South. Ind. Power 6s 90
BANKS AND TRIST COMPANIES.
Aetna Trust 100
Bankers Trust 118
City Trust 82
Commercial National 65
Continental National 112
•Farmers Trust 2<>o
Fidelity Trust 120
Fletcher American National. 256 ...
Fletcher Sav. A Trust C 0.... 163
Ind. National 280 290
Indiana Trust 200
Live Stock Exchange 382 ...
Merchants National 264
National City 114
People's State 176 ...
Security Trust 120 ...
State Sav. A Trust 88 92
Fnion Trust Cos ."4>> 370
Wash. Bank A Trust Cos HO
•Ex dividend.
LIBERTY BONOS.
Bid. Asked.
Liberty 3%s 91.30 Ot-VI
Liberty first 4s 85..50 55.70
Liberty second 4s 84 90 8". .20
Liberty first 4V*s 86.46 86.64
l.lleert >• second 4*4s 81.90 S5 10
Liberty third l*,s SB.BO 89.00
Liberty fourth 4V*s .85,5.4 85.70
Liberty 3* 4 r 95.82 I*6 10
Liberty 4 a ,s .. 95.94 IhI.OO
SALES.
2 shares Continental National at llO 1 .-,.
7 shares Merchants I’ublic Utilities pfd
at 42.
10 shares Indianapolis Street Railway
at 69
9 shares Indiana Title Guainnty at 63.
Local Bank Clearings
Thursday .>..53,637,000
Same day last year 2.508,000
Increase over last year $1,129,000
Today's Market Gossip
(By Thomson & McKinnon's Wire.)
NEW YORK—American Express de
clares regular quarterly dividend of 50c.
NEW YORK—Railroad men declare
82.411 cars are needed to lake care of
urgent freight demands throughout the
country. about lb.vOO cars loss than in
April.
MINNEAPOLIS—Cash market is firm
for the better grades of spring wheat,
medium and low grades 5c lower. Corn
is up lc to 2e, barley lc higher, oats
quiet and unchanged, rye quoted lc to
2c lower.
PITTSBURG Kittauing Iron and
Steel Company, subsidiary of the Car
bon Steel Company, declares a stock
diridend of 150 per cent and has In
creased its stock from SIOO,OOO to
$1,990,000.
NEW YORK—A cable from Tokio
says Japan has agreed to enter without
reservations the loan eonsortium where
by the tinaneing of China will be under
taken by Great Britain, France, Japan
and the United States.
WEATHER AT 7 A. M. TODAY.
Station. Bar. Temp. Weath.
Indianapolis. Ind... 29.96 45 Cloudy
j Amarillo. Tex 30.01 16 Cloudy
Bismarck. N. D.... 30.40 40 Clear
Boston. Mass 29.88 48 Rain
Chicago. 111 30.12 42 Cloudy
Cincinnati, 0 29.88 4 4 Cloudy
Cleveland. 0 29.90 44 PtCldy
• Denver, Colo 30.28 34 Rain
' Dodge City Kas... 30.11 16 Cloudy
1 Helena. Moat, 30.18 38 Cloudy
i Jacksonville, Fla... 29 94 72 Clear
Kansas CUy. M 0... 30.10 44 Cloudy
T,nulsvillo. Ky 29.140 IK Cloudy
Little Rock. Ark... 29.80 08 Cloudy
I,os Angeles, Cal... 29. Ml 54 Clon/ly
Mobile. Ala 29.92 78 PtCldy
New Orleans. La... 29.90 78 Cloudy
i New York. N. Y... 29.82 50 Rain
Norfolk. Va 29.68 70 PlCldy
Oklahoma City 30.00 56 Cloudy
Omaha. Neb 30.20 46 Cloudy
Philadelphia. Pa... 29.80 48 Rain
Pittsburg, Pa. 29.82 50 Cloudy
Portland, Ore. .... 30.1.8 42 Clear
Rapid City. S. D... 30.42 38 Clear
Roseburg. Ore. ... 30.10 38 Clear
San Antonio, Tex.. 29-82 74 PtCldy
San Francisco, Cal. 29.58 48 Cloudy
St. Louis. Mo 30.00 48 Cloudy
St. Paul. Minn 30.34 40 Clear
Tampa. Fla. 29.96 71 Clear
Washington, D. C.. 1K>.76 50 Cloudy
Observation taken at 7 a. m,, May 13,
1920, by U. S. weather bureaus.
WEATHER CONDITIONS 7 A. M.
The storm now extends in a trongh
shapod depression from the middle At
lantie coast southeastward to Texas, and
another center Is present in the south
western platean, while the < anadian field
of high pressure has poshed southward
over the middle plains states. Precipita
tion has been extensive from Colorado
and Wyoming southeast ward to the Al
leghenies and the middle Atlantic, with
nnmerons heavy rainfalls in (tie middle
Mississippi and Ohio valleys. Warm
weather continues In the sooth, hot tem
peratures have fallen still farther from
the middle Roclrles eastward and the
readings in the north-central states are
now from 10 bo 16 degrees below the
eeasonal normal.
•J. H. ARMINGTON, Meteorologist.
CLEVELAND PRODUCE.
CLEVELAND, May 13. Butter —ln
tubs, creamery, extras. 656ft5*Ae; extra
Liucy. 64@64M,<?; firsts. C3@63Vie; prides,
lc higher; seconds, 57@59c; packing,
35@39c. Eggs—Fresh gathered, extrak
45c; fresh, extra, 46c; northern ObioV
fiNsh. new cases, 45c; old cases. 43/:;1
western firsts, 42#c. Poultry—Capon ,
chickens, 45c; light towla, 3(kc; axU**j
STRENGTH RULES
AT STOCK YARDS
Lighter Hogs Advance and
Calves Lose Weakness.
RANGE OF HOG PRICES.
Good Good Good
May Mixed. Heavy. Light.
7.414.75 C? 15.15 [email protected] *16.000)15.25
7. 14.750)15.25 [email protected] [email protected]
8. 15.25@ 15.50 [email protected] [email protected]
10. [email protected] [email protected] [email protected]
11. [email protected] 14.00 @ 15.00 [email protected]
12. [email protected] [email protected] 15.00
13. 15.00 @ 15.25 [email protected] [email protected]
Receipts, 7.000, with 2,300 left overs;
market steady to strong.
Extreme lights brought the best prices
of the day, one sale of 500 between 160
and 180 lbs being made at $15.25.
With smaller receipts helped ont by a
liberal overnight supply, the trading
was brisk, with the sellers instead of the
bnyers, contrary to the case the previous
day, holding the upper hand.
All the weights above 225 lbs ruled
firm at practically unchanged quotations,
while in lights a small lot of extra fancy
brought $15.35.
Pigs were the weak spot jn the mar
ket. the average top of $14.25 showing a
loss of 25c, though a few sales were made
at $14.35.
Calves.
Receipts. 600; market strong and 50c to
$1 higher.
Pronounced strength succeeded the
equally pronounced weakness of the last
three days, with the good to choice stuff
especially in demand and easteru buyers
again on the market.
Some sales of extra fancy vealers went
as high as sl4, but the average top was
50c below that mark.
Dinks wen? in some demand, but there
was no quotable change in the range of
prices.
Cattle.
Receipts. 900: market steady to strong.
There was more snap to the market,
with all classes of stock In freer re
quest. ,
The extra tops of sl3 for heifers anil
sl2 for cows were maintained only ou
several high fancies for cacti, the aver
age sales running close to a dollar below
those prices.
Butcher stock held its range well, with
considerable inquiry' and sellers not in
clined to make any noteworthy conces
sions.
to beep.
Receipts, 10; market nominal.
With practically nothing new on the
market, both sheep and lambs were nom
inally at the previous prices.
HOGS.
Best light hogs, 160 to 225 lbs
average $15.10(4$ 15.25
225 to 25>0 lbs average 15.00
250 to 275 lbs average 14.50
275 to 300 lbs average 13.75
Over 300 lbs average 13.50
Bulk of sows 11. 504* 12.00
Best pigs, under 140 1b5.... [email protected]
Bulk of good hogs 15.00
CATTLE.
—Steer*—
Prime cornfed steers, 12100 lbs
and up [email protected]
Good to choice steora. 1.300
lbs and up 12.00@12-W
Good to choice steers, 1,100 to
1,200 lbs 12.00(812.50
Good to choice steers, 1,000
to 1,100 lbs [email protected]
Common to medium steers,
900 to 1,000 lbs [email protected]
—Bulls and Calves-
Good to choice butcher bulls. 9 004/ 10.(0
Bologna bulls 7.50@ 8.50
Uight couuiiuu bulls ti.rsxd. 7.00
Choice *eals [email protected]
Good voals 11.00@ 12.00
Medium veals 8.oo@l().00
Lightweight veals 5.00@ 7.00
—44 toe sera and Feeding Cattle-
Good to choice steers, 800 10#
and up [email protected]
Common to fair steers, 800
lbs and up 9 00@ 9.75
Good to choice steers, uuder
800 lbs [email protected]
Common to fjir steers, under
800 lbs 7.50@ 8.50
Good cows 7.504/; 8.25
Medium to good cows 6 50 4$ 7.25
Good heifers 9.0064 10.110
Medium to good heifers S.OO'Jt 8.50
Good milkers 100.<XKf? 125.(81
Medium milkers 6000@K<0.00
Slock calves. 250 to 450 lbs.. [email protected]
—Heifers and Cows—
Good to choice heifers 12 [email protected]
Medium heifers 10.0o@1100
Common to light heifers.... [email protected]
Choice cows 10 50ftj 12.00
Good to clioice cows 9.904J10.50
Fair to medium cows 7.50 ft 9.00
Crnners 5 Uo@ 'I.OO
Cutters C.oo@ 8.00
SHEEP ANI* LAMBS.
Good to choice Hheep P.oo@ 10.30
Fair to good*Sheep S.oo@ 9 00
Common to medium sheep 5.006S 8.00
Bucks 7.00@ 8.00
Good to choice yearlings .... 10.00'q 12.00
Good to choice native lambs.. l7.U*6jp 18.00
Good to choice westerns [email protected]
Good to choice westerns,
clipped 17cV)WlM.OO
Good to choice spring lambs. 17.006418.00
Other Live Stock
CINCINNATI. May 13— Hog* Re
ceipts, 6 500: we:iV nnd 25c to 50- lower;
heavy. [email protected]; mixed and medium,
i$18; light, $14.75; pig*. $13.50; rough*.
,$11; stags. $8.50. Cuttle- Receipts. 500;
steady; bull*, strong; calves, $13.50.
j Sheep—Receipts, 300; steady
I CLEVELAND. May 13.—Receipts,
'3.000; market steady; yorkers, $15.50;
j medium. sl4; pigs, $15.25, roughs, $11.75,
! stags. $9. Cattle- Receipts. 300; market
! steady. Sheep and lambs—Receipts, 500;
! market steady; top, $lB. Calves—Ue
ceipts. 500; market lower; top, sls.
PITTSBURG. May 13.—Cattle-Re.
ceipls fair: slow; choice, $13@132i0;
$12.50@13; fair, $126f12,V); veal calves.
SI 4.506615. Sheep and lamb* Receipts
fair: market slow; prime wethers, sll@
11.50: fair mixed. $8@0; spring lambs.
$76(17. Hogs Receipts. 25 doubles;
market higher; prime heavies, $14,236$
14.50; mediums $15,756/16.00: heavy
yorkers. $15.75@16: light yorker*. SIS6J
15.25; pigs. sls@ 152*0; roughs, $116412;
j stags. $7@S.
CHICAGO. May 13.—Hogs Receipts,
i 35.000: market active and steady; bulk,
[email protected]; butchers, sL'!.6s@ 13.20; pack
ers, sl2 256*14.75; light, [email protected];
pigs. $13.2f>@14.75; roughs. [email protected].
Cattle —Receipts, 11.000; market 25c up;
beeves. $10_506/>l3; butchers, $7.75@ 13.85;
canner Band cutters. $5@,8.50; stockers
and feeders, $7.50@1L25: cows, $10.5060
14: calves, $10.756/T3. Sheep—Receipts.
6,000; market active; lambs, $11.50@21;
ewes, $4.50.
EAST BUFFALO. May 13.—Cattle-
Receipts. 325; market, heavy: shipping
steer*. $13,506/14: butcher* grades. s9@
; 13; cows, $ I @10.50. Calves Receipts, 900;
market, active, 25c up; culls, choice. Jfifo
15.75. Sheep and lambs—Receipts, 2,000;
market, active and 25c to 50c lower;
choice latubs. $lB [email protected]; culls to fair.
$106*17.30; yearlings, sls@'l6; sheep, $56/)
14. Hogs—Receipts, 3,200; market, active
and steady; yorkers. sl6; pigs. $15.50@
15.75; mixed. sl6; heavies. $156615.50,
roughs. sll@l22*o stags, s7@9.
EAST ST. LOUIS. May 13.—Cattle-
Receipts, 3,000; market, steady; native
beef steers, $96*12.25; yearling beef
steers and heifers, $106013.75; cows, $8.25
6011; stockers and feeders. $.86011; calves,
$126014; choice veal calves, $4,256/7.
Hogs—Receipts, 82)00; market. 10c to 35c
higher; mixed and butchers. $14,606/15.10;
good heavies, $132)06/11215. Rough
heavies. $116*12; light, $14,856/15.10; pigs,
[email protected]; bulk of sale*. $1 [email protected].
Sheep—Receipts, 1,200: market, steady;
ewes. $9.506011; lambs, $17.50@ 19.50;
eannrrs and cutters, $56082)0.
Urges Wide Selling
of U. S. Securities
Speaking before a large audience In
the Athenaeum last night, A. O. Eber
bart, former governor of Minnesota, de
clared the only way to stop the rapid
spread of (bolshevism Is to scatter the
securities both of the nation and of its
leading enterprises among the citizenship
in general and particularly among the
employes in industries.
CHICAGO PRODUCE.
CHICAGO, May 13.—Butter—Cream
ery extras, • sT*fcc; creamery firsts, 57c;
first*. 53@56%c; seconds, 47@50i\ Eggs
—Ordinaries. 38@30c; firsts, 40<g41c.
Cheese—Twins. 27c; Young Americas,
29c. Lire poultry—Fowls, 36c; ducks,
£Bc; geese. 20c; turkeys. .'Joe. Potatoes—
car#; Wisconsin and Minus-
Alw S7JS**ZSO.
INDIANA DAILY TIMES, THURSDAY, MAY 13, 1920.
GRAINS IN SLUMP
AFTER CLIMBING
Bulls Hesitate Because of Rail
Strike Talk.
CHICAGO, May 13.—Grain futures con
tinued nervous and irregular on the
Chicago Board of Trade today, after
opening weak.
Tie market recovered for a few min
utes in early trading on good buying,
but slumped as the selling conflnned to
exceed the demand. There was hesitancy
on the part of the bulls because of con
tinued rumors of a threatened railroad
strike. At noon the market recovered
slightly.
May corn opened late at $1.95%, down
1%0. and later gained %e; July opened
at $1.77%, unchanged, and later lost %e:
September opened down %c at $1.64, and
remained unchanged.
May oats opened at $1.05%, down %c,
and later was up %c; July opened up
%e at 93%c, and later gained %e; Sep
tember opened at 77c, unchanged, and
later was down %r.
Provisions were lower.
CHICAGO GRAIN.
—May 13—
CORN —Open. High. Low. Close.
May. 1.95% 1.97 1.94 1.94% *2%
July 1.77% 1.78% 1.74% 1.75% *l%
Sept. 1.64 1.65 1.61% 1.62% *l%
OATS—
May. 1.05% 1.06% 104% 1.04% -1%
July 93% 93% 91% 91% *T%
Sept. 77 77% 75% 75% *l%
PORK—
Mav. 36.40 36.50 36.25 36.35 * .05
July 37.37 37.50 37.25 37.35 • .05
LAUD—
Mav. 20.90 20.95 20.75 20.75 * .35
July 21.82 21.82 2L42 21.42 * .52
RIBS—
July 19.30 19.30 19.00 19.05 • .30
•Decrease under yesterday’s close.
CHICAGO CASH GRAIN.
CHICAGO, May 13. -Close: Wheat—
No. 1 red. $3.10. Corn- No. 2 mixed,
$2.13: No. 1 white, $2.11: No. 2 yellow,
[email protected]; No. 3 mixed, $2.12; No. 3
white, [email protected]; No. 3 yellow, $2.12;
No. 4 white, $2.10; No. 4 yellow, $2.11.
Oats -No. 2 mixed, $1.11: No. 2 white,
51.14%4fj1.16; No. 3 white, *1.130143; No.
4 white, $1.11; standard, [email protected].
TOLEDO CLOSE.
TOLEDO, May 13. —Corn- No. 3 ycllo e
cash. $.1.05. Oats No. 2 white cash, $1.25
@L26. Rye—No. 2 cash. $2.20. Barley—
No. 2 cash, $1.78. Alsike not quoted.
Clovcrseed—Cash, $245 ; October, $24.10;
December, $25.10. Timothy—l9l7 and
1918 cash. $5.45: 1919 cash, $5.50; March,
$5.89; May, $5.50; September, $5.80; Octo
ber, $5.00; l>e,ember, $5.65. Butter —66c.
Eggs—46c. llav $42.
INDIANAPOLIS 4 ASH GRAIN.
—May 13-
Corn Steady; No. :: white, $210%@
2.11%; No. 3 yellow, $2.1/7%; No. 3 mixed
2:07%.
Oats—Steady; No. 2 white, $1.24; No.
3 white, $1.22%; No. 4 while. $1.21%
Hay—Firm: No. 1 timothy. 4KU-41.50;
No. 2 timothy, slik.; V* 5o; No. 1 light
clover mixed. $4 [email protected]; No. 1 clover
mixed, s3s9Ao@4o.
—lnspections
Wheat No. 3 red, 2 cars; sample, 1
car; total, 3 ,-ars.
Corn—No. 2 white, 5 cars; No 3 white,
2 cant; No. 2 yellow. 1 nr; No. 3 yel
low, 6 cars; No. t yellow, 1 >ar; No 6
yellow, 2 cars; No 3 mixed. 8 cars; No.
4 mixed. 1 car; total, 20 cars.
Oats—No. 1 white, _• ears; No. 2 white,
11 cars; No 5 white, 5 cars; No. 4 white,
2 ■ ars! total. 20 cars.
Hay No 1 timothy, t car; standard
timothy, 2 cars; total, 3 cars.
WAGON MARKET.
The following arc the Indianapolis
price* of hay and grain by the wagon
load :
Hay Loose timothy. $57038 a ton:
mixed, s.£<@3B; clover. $32@30; bale., $lO
@42.
Corn $1 KV.I ! .90 bu.
Oats—sl.l(Va 1.15 bu.
Straw Wheat. $S ton; oats, slt@ls.
WAGON WHEAT PRICES.
Indianapolis elevators and mills are
paying $2.90 for No. 1 wheat, $2.87 for
No. 2 aud $2.84 for No. 3. All other
grades according to quality.
Wholesale Meats
PORK.
HAMS
Regular, 11 to 16 lbs .41
Kkicued. 12 to 14 lbs .42
Kancv bellied .60
BACON—
Fancy breakfast, 5 to 7 lbs.. .51 4
Sugar-cured. 4 to 6 lbs av.. ..Vl’-j
Fancy sliced, 1-lb. cartons... 2m
IMCINCS
Hugiir-cured. 5 to 7 lbs .25
* .-• i.T MEAT
Dry salt Jowl butts ..'744
LAUD—
Refined, tierce basis .23
Open kettle, tierce basis.... -23’[email protected]
KRENII PORK
Spare ribs .22’^
Shoulder bones ,'lk
Tenderloins 82@ 64
Dressed hogs .23><j
Extra light loins 4 to 6 lbs. .37Vs
Light loins, 7 to 9 lbs .36
Fresh boneless butts .3M*
Boston butts 28'^
Skinned shoulders 2*l
SAUSAGE—
Fresh links ,26V,
Country, bulk .2314
Bologna
Krankfurts. hog casings .20
FRESH IS EE KM.
Medium steers, 400 to 000 lbs, 20
No. 2 heifers .20
Native cows IS<^@.l9'4
Medium cow# .17
LOINS—
No. 3.20 U,
RIBS—
No. 2 .25
No. 3 .23
ROUNDS—
No. 3 27 Vj
No. 2 .27 V*
CHUCK-
No 3 ,14'A
PLATES—
No. 3 41V4
VEAL.
No. 1 quality 20*~6i.23
No. 2 quality , 14Vb@-17
j WHOLESALE FKF.D PRICES.
(Acme-Kvana Cos.)
FEED PRICES.
Ton Sax. Cwt.
Ac. Bran $61.00 s.;,io
j Ac. Feed 64.00 325
' Ac. Midds 68.00 345
; Ac. Dairy l-'eed 79.25 4.00
I E-Z Dairy Feed 70.00 5.55
Ac. H. A M 86.50 4.35
O. A B. Chop 71.00 5 75
Ac. Stock Feed 70.25 3.55
Ac. Farm Feed 75,50 580
! Crack Corn 83.25' 4.20
Ac. Chick Feed 83.00 4.20
Ac. Scratch so.oo |,05
E-Z Scratch 77.50 5.90
Ac. Dry Mash 83.00 120
A*'. Hog Feed SI .50 4.10
Ac. Barleycorn 86 00 4.35
Ground Barley 88.00 4.45
Ground Oats ............. 86.00 4 55
llomlik White.............. 85.25 430
Rolled Barley 88.00 445
Alfalfa Mol
Oil Meal . 83.00 420
Cottonseed Meal 80.00 4.05
GRAINS.
Shell Corn, small lotx, bn $2.08
Shell Corn, large lots, bu 2.07
Shell Corn, 2 bu. s;l.v 2.18
Oats, 3-bu. sax, bu 1.41
Oats, bulk large, bu 1.54
Oats, less 100 bu. bu 1.35
Chicken Wheat, cwt. sacked 4.00
CORN MEAL AND FLOUR.
Corn meal, ewt., net $5.00
E -7. Bake bakers’ flour, 98 lbs, cotton
sacks 15.40
LOCAL HIDE MARKET.
Green Hides—No. 1,18 c; No. 2,17 c.
Green calve-s —No. 1. 35c; No. 2. 33Vie.
Horsehides—No. 1. $11; No. 2, $lO. Cured
hides—No. 1. 21c; No. 2. 20c.
Permit for $50,000
Garage Granted
A permit, was granted to the Carey
Realty Company today by Walter B.
Stern, building commissioner, for the
erection of a one-story garage at 35-37
West Thirtieth street covering an area of
120 by 102 feet and costing $50,000.
E. C. Atkina A Cos. will tyutld a two
story factory building at Henry and
Eddy streets at an estimated cost of
Housewives’ Market
Fresh select eggs show a slight in
crease over last week, with the best at
47c.
Prices of meat show no reduction for
the first quality stuff all through the
list.
Creamery butter has taken a decided
drop within the last few days, with 65c
as the present average top.
Strawberries continue to be a popular
buy. with the ruling price at 40 cents a
quart and extra fancy Louisiana at 50e.
Sugar is selling at a range of 7 cents
on the city market, with the majority of
housewives glad to get it by the scant
pound or two at any old price.
LATEST FRICES.
The following prices are the general
prices charged at the city market, ob
tamed by striking an average of the
prices charged at various stands:
Apples, choice, per lb $ .10@13
Asparagus, home-grown, ac
cording to size of bunches.. .5@15
Bananas, doz 25@40
Beaus, navy. It*
Beans, lima, lb .17
Beans, string, lb .25
Beans, Colorado pinlus, 1b.... .10
Beaus, green .25
Beans, kidney -18
Carrots, 2 bunches .15
Cabbage, lb 10
Celery, bunch 10@25
Cucumbers, hothouse, each 25(q!30
Grapefruit, eacli 75@20
Kale, home-grown, lb .25
Lemons, per doz 20@30
Lettuce, leaf, per lb 250
Head lettuce, each -25@35
Onions, per lb .10
Onions, Texas Bermuda, 1b.... .15
Onions, green, bunco .10
Oranges, dozen [email protected]
Parsley, per bunch .05
Peppers, green Florida .10
Pineapples 30@35
Potatoes, peck 1.40
Potaoe-, lb .10
Potatoes, new. 1b....". .20
Potatoes, sweet. 3 lbs .25
Radishes, 3 bunches .10
Rhubarb. 3 bunches .10
Spinach, lb -25
Strawberries, qt. box .40(850
Sngar, soft A -27
Sugar, granulated 27@34
Green peas, lb .25
Greeti peas, telephone, lb .25
Scotch peas .12%
Split peas, yellow .12%
Split peas, green -IS
MEATS.
The following prices are on first qual
ity No. 1 government inspected meats
only.
Lamb chops, id .60
Leg of lamb... .50
Rolled ham, per lt> .80
Smoked hams, per lb ,35f$ti0
Round steak, per lb .40
Fresh beef tongue 30@35
Rib roast .40
Chuck roast .30
Flank steak .35
lieef tenderloin .70
Fork chops .45
I’ork tenderloin .75
Porterhouse steak .50
Chuck steak 35
Roiling beef 1 Sift 20
Bacon lO'qiVi
Isjln steak .40
Hams, whole .40
Lard, lb .27%
Lamb stew 15@25
Sparertbs, lb .25
'.moulders, fresh beef .:■/}
Shoulders, fresh pork ...35
Beef liver .15
Veal, breast .50
Veal chops 35@40
Veal steak ..'>o
Calf liver 30@:!5
Beef liver .1$
PRODUCE.
liens, full dressed, lb .55
Live hens .42
Five springer* 7!
Eggs, fresh, select, doz 45@47
IHti-k eggs, do* .50
Butter, creamery, tb 63@K35
U. S. Scans Profits
of Wool Company
WASHINGTON. May 13.—The depart
ment of justice is investigating com
plaint* of alleged excessive profit* made
hy the American Woolen Company. As
slstant Attorney Genera! Garvan -dated
today
He refus.-d *o state the source of the
complaints or the action the department
ha* taken.
$ 495. for this
Balance on the
iJCUan GIBSON PLAN
People who appreciate the SU- lor cver - v occasion and every condition,
preme riding comforts, that We will be glad to demonstrate and to ex
only a closed car can give, can about tie Gibson Plan of casy
gratify their desires by the very
expenditure of the |he GIOSOn Company
S4Jo. til st payment. CAPITOL ave. at MICHIGAN st.
. Bell, Main 232—Auto. 3455-11.
This sedan, the Overland, is singularly ' rvington Salesroom—Ritter Ave. and E. Washington St,
11 ill' Branches at Terre Haute, Vincennes, Lafayette and Munci#.
eoml 01 table, exceptionally good look- ind., and at oanvme, m. <+
ing, and, what is quite to the point, is
very economical to run and maintain.
\/ 8 ✓
Why not ride in a Sedan and sit secure in |
a ear that protects von from other motorists’ 'j \ ■
dust on the crowded road —that is snug and s ~~ y _
irinter, while^t— ing so tree and X
COTTON MARKET
MOVING UPWARD
Trade Buying and Covering by
Shorts Have Effect.
NEW YORK, May 13.—An active buy
ing movement took place at the open
ing of the cotton market today. Prices
jumped 15 to 19 points, followed by fur
ther gains shortly after.
Foreign and domestic trade interests
and Wall street shorts led S.he purchas
ing. At the end of the first. 20 minutes,
the undertone was firm, with prices 20
to 28 points higher.
Opening prices: May, 40.60 c; July,
38.20 c; August, 37.30 c bid; October.
36.10 c; December, 35.20 c; January, 34.45 c;
February, 34.20 c bid; March, 33.95 c bid.
The close was neariy steady near the
low levels of the day, with prices un
changed to 12 points lower.
Spot cotton quiet. Prices 10 points
lower at 41.30 c. There were no sales.
LIVERPOOL. May 13.—Spot cotton
opened with a fair request. Prices firm.
Sales. 6.000. American middlings fair,
32.04d; good middlings, 28.79d; mid
dlings, 26.54d ; full middlings. 27.79d ; low
middlings, 23.24(1; good ordinary, 20.04d ;
ordinary, 19.04d. Futures quiet.
DUESENBERG TO
LOCATE HERE
(Continued From Page One.)
ing by mail from men appreciating Mr.
Deusenberg's reputation as an automobile
engineer.
Negotiations ,iwith the Duesenberg
company to induce It to choose Indian
apolis as its manufacturing center were
started last January by Myron It. Green,
director of the bureau of industry, fol
lowing receipt of a report that there was
to be a Duesenberg car manufactured.
Mr. Worthington has held frequent
conferences for several months with the
officers of the company, conferring with
them on preliminary organization plans.
“Prominent business men of Cleve
land,’’ Mr. Worthington said, “have been
bolding out attractive inducements for
them to locate in Cleveland, but after
strenuous efforts we have succeeded in
inducing them to locate at Indianapolis.
“While the Duesenberg motor not only
holds many speed records, the motor
also has been successfully used in pleas
ure cars, aeroplanes, tractors and as a
marine motor.
"In the future, however, it will be con
fined to pleasure ears manufactured In
the Indianapolis factory bearing the name
of ‘Duesenebrg.’
“Their selling organization is com
plete and thev will come to Indianapolis
with bona fide orders from licensed
dealers under contract for five years to
insure their output for the full five-year
period.
During the war Duesenberg’s plant at
Elizabeth. N. J., was turned over to the
government for the manufacture of aero
plane motors of 850 horsepower, these
being the largest motors of their type
in the world.
After the war the company's plant was
sold to the Wyllis corporation.
As soon as present contracts expire,
which will be in u few months, no man
ufacturer will be permitted to use the
Duesenberg motor, except the Duesen
berff Automobile and Motors Company,
and the motors for the new car will be
manufactured at the Indianapolis plant.
WHOLESALE I’BODCrE.
Wholesalers are paying the following
prices In Indianapolis for eggs, poultry
and inciting stock butter:
Eggs—Fresh. 40c.
Poultry—Fowls, 32e; broilers. 11$ to 2
lbs. 60c; cocks, 1.8 c; old tom turkeys,
30c; young tom turkeys, 12 lbs and up.
35c; yonng hn turkeys, 8 lbs and up,
35c; cull thin turkeys not wanted; ducks,
4 lbs and up. 22c; ducks, under 4 lbs.
ISc; geese, lOlbs and up, 18c; squabs, 11%
lbs to do*. $7.50.
Butter—(’lean packing stock. 33c lb;
fresh creamery butter, in orints. is sell
ing at wholesale at 61@rt2c; in tubs. 62c
Butter Fa? —Indianapolis buyers are
paying t52@63c.
Cheese (wholesale selling prices)—
Brick. 296;30c lb; New York cream. 33c;
Wisconsin full creatn, 34@35c; longhorns,
34@35c; limburger, 38-\
On Commission Row
Pineapples are in demand, with the top
prices slightly lower.
New Texas potatoes are on the market
at $12.50 per hundredweight.
Barreled fancy Texas cabbage is sell
ing as low as 4 cents a pound.
Both leaf lettuce and Iceberg head let
tuce have yielded somewhat in quota- ]
tions.
Louisiana strawberries are in active
demand at from $9 to $lO per 24-quart
case.
Commission merchants say it is dif
ficult to get the smaller sizes of grape
fruit wanted by many housewives.
TODAY'S PRICES.
Apples—Barrels. sß@l2; (boxes, s3@
4.50; basket, [email protected].
Asparagus—Fancy homegrown, doz,
60c.
Bananas—Pound, Bc.
Cabbage—Fancy Texas, bbls, 4c.
Beans—Michigan navy, in bags, per lb,
B%c. California Limas, in sacks, 13c lb;
marrowfat, per lb, 10c; fane} - Florida,
green, per hamper. $3.50.
Celery—Florida, $6@."7: per doz, $2.
Cucumbers—Fancy hothouse, per doz,
$3.
Dates—Box 3 doz, [email protected].
Grapefruit—Extra fancy Floridas, $5.25
@7.50.
Kale—Per bu, $2.50.
lemons-Extra fanev California. $5.25
@5.50.
Lettuce—Leaf. Ib 22@25c; Iceberg head
lettuce, per crate, $5.
Mangoes—Fancy, 2-doz basket, $1.50.
Noodles—lo-Ib box, $1.20-
Oranges—Extra fancy California na
vels, $5.50@9; Valencias, [email protected]
l Onions—Fancy new Texas white, 50-lb
| crate. $3.50; same yellow, $5.75; home
grovg>. green, 20c doz.
Onion Sets—Fancy yellow, per bu,
$3-50.
Parsnips—Fancy. 35-lb hamper, $1.65.
Parsley— Fancy homegreen, 35c doz.
Peanut Butter —Pails, 15 to 50 lbs, 20
@22e.
Peas—New Mississippi green, per
htmper. [email protected].
Pieplant—Fancy homegrown, 35c doz.
Pineapples —Ripe Havanas, s6@7.
Potatoes—Northern whites, $8 per 100
lbs; sl2 bags; new Texas. $12.50 per
100 lbs.
Radishes Homegrown, button, 35c
doz; long, 35c; southern long. 35c.
Rice—l4@lsc lb.
Spinach—Fancy, per bn, $2 23.
Strawberries—Louisiana, 24-pt case,
$4.50@5; 24-qt case. s9@lo.
Sweet Potatoes—Fancy Jerseys, $3.50
per hamper; fancy southern Nancy
Halls. 40-!b basket, $3.50.
Seed Sweet Potatoes —Indiana grown,
yellow Jerseys. sl.7’ per bu; same Nancy
I Halls, $1.75 per bu.
Tomatoes—Basket, $2.25.
Second Mortgage Real Estate Loans
MADE ON GOOD FARMS AND IMPROVED CITY PROPERTY.
GIBRALTER FINANCE CO.
108 N, Delaware. INDIANAPOLIS Main IGIB.
INVESTORS, INVESTIGATE
We offer for immediate acceptance what is considered one of the country’s
safest and most profitable securities.
We recommend an immediate investigation, and purchase es these securities.
Further details gladly given.
I. M. TAYLOR & CO., Inc., BANKERS
7 Wall St„ New York T. H. COREY, Mgr. 208 Hume-Mansur, Indpls.
We are pre- | on farm and
pared to make SL#l Ylcity property
THOS. C. DAY & CO.
Alcohol, Turpentine, Benzol, Rosin
ALL GRADES—WHOLESALE.
ADVANCE PAINT COMPANY
' l >, REVERE MOTOR STOCK E ™
® Sell 415 Lemcke Building iJDD
STATE TO TREAT 1
HOGS AT YARDS!
Sanitary Service by Experts 4
Cost 30 Cents Each.
Hogs at the Union stock yards w®
disinfected, sprayed, treated and exam
ined under state live stock sanitation
board experts -at t cost of 30 cent*
head, according to a rtlling mada by It.
E. Northrup, state veterinarian.
This announcement follows the meet
ing of a committee, composed of Edward
Chambers, Rushville; J. W. Lawson, rep
resenting the Farmers’ Federation of In
diana, and Charles Sedwick of the stock
yards, with Mr. Northrop.
Farmers may select sernms of any
recognized brand, and treatment with
serum will be given at manufadorers*
cost.
Says Car Shortage
Being Reduced Daily
WASHINGTON, May 13.—The nation
wide car shortage is being reduced daily
Chairman Kenlall of the car service
commission said today.
The shortag? can not be permanently
eleminated, railroad officials say,
the roads better their financial condi
tions to an extent, enabling them to
order thousands of new cars.
J. F. WILD, JR.
BROKER
315-320 Lemcke Bldg.
High-Grade
Speculative
Investments
Opportunity
for Salesmen
Phones:
Main 1734, Auto. 21-733.

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