Indiana daily times. [volume], July 14, 1920, Home Edition, Page 8, Image 8

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

Image provided by: Indiana State Library

                
8
HIGHER TENDENCY
IN STOCK MARKET
Tone of Trading Strong, but
Volume Small.
NEW YORK, July 14, —Dealings "were ,
on a small scale at the opening of the j
stock market today, with prices show
ing an upward tendency.
Mexican Petroleum featured the early
dealings with an advance of 2 points to i
195. The railroad shares ware in de- j
mand.
Activity developed in the second hour
of trading. Vanadium got above 87, Pan- j
American topped 106 and Steel common
reached 95. Scarcity of Baldwin stock
brought that issue up to 121%.
The market displayed a strong tone
throughout the entire forenoon, most
of the active issues moving up 1 to 3
points.
The trend was irregular during the j
afternoon. Nearly all leading issues were
under pressure until around 2 o’clock, i
when a strong tone developed.
There was another drive on motor and :
rubber shares during the last half hour,
but it failed to carry them below the ,
lows of the early afternoon. Invincible j
acted best bf the oils, holding around 46.
Closing prices: U. S. Steel, 92, off % 1
Crucible, 153%. unchanged: Rs'dwin,
119%, up % ; Mexican Petroleum, 133, un
changed : Pan-American. 104%, off %;
Studebaker, 71%, off %; General Motors,
25%, off %; F. S. Rubber, 97. off 2: Read
ing, 90. unchanged; American Woolen, .
56%, off %; Vanadium. 85%, up %.
Near the close some of the active issues
moved up sharply from the low levels, !
While others closed around the low point. •
Government bonds closed unchanged,
with railway and other bonds stead v.
Total sales of stocks were 526,100
shares; bonds $10,515,000.
(Bv Thomson & McKinnon.)
—July 14—
We had a mild demonstration in the
market during early part of the session.
A few stocks were strong —professionals
were buring—but outside support was
lacking, and as a result the rally did
not extend very far. When early buy
ers attempted to realize the market
turned e^sy.
There was nothing in the news to en
courage the public to enter the market.
In Europe the German problems are slow
of settlement, and Russia occupies a
dominating position in the east.
In this country one hears mostly com
plaints.- You do not hear much these
days of a demand in excess of the sup
ply. but we hear a great deal of accumu
lation. with the trouble charged to in
adequate transportation.
It is likely that the slackening in the
demand has jnst as much to do with
it as transportation.
There was nothing in the money mar
ket to excite interest. Conditions were
Just as they have been recently, both for
call and lime.
Every individual in business knows at
first hand conditions as they are, and
if a business decline is ahead of us there
certainly is little likelihood of an Im
portant public following in the stock
market, especially when led by the pro- i
fesslonal element, without the backing of ■
the usual prosperous business and ample j
funds. We feel rallies for the present i
will be temporary.
MOTOR SECURITIES.
—J uly 14—
(By Thomson & McKinnon.)
Bid. Ask.
Briscoe 47 50
Chalmers com... 2 5
l’ackard com IS% 19
Packard pfd 86 88
Chevrolet 30) 500
Peerless 34 30 I
Continental Motors com 10 10%
Continental Motors pfd 96% 98% .
Ilnpp com 16 17 !
Hupp pfd 97 107
Reo Motor Car 22 22%
Elgin Motors 8 S%
Grant Motors 6 0% }
Ford of Canada 380 38r>
United Motors 45 60
National Motors 17 19
Federal Truck 30 ::‘i j
I’aige Motors 28 30
Xtepublic Truck 45 50
ACTIVE OIL STOCKS.
(By Thomson & McKinnon).
—July 14—
Bid. Ask.
Amglo-Am. Oil 23 24
Atlantic Refining 1150 1200
Borne-Scrymser 424 475
Buckeye Pipe Lina 85 87
Chese. Mfg. Cons 220 230
Qont. Oil, Colo 125 135
Cosden Oil and Gas 7% 7%
Crescent Pipe Line 27 .30
Cumberland P. L 155 165
Elk Basin Pete 7% BV4
Eureka Pipe Line 89 102
Gal.-Sig. Oil, pref 90 93
Gal.-Sig. Oil, c0m......... 42 45
111. Pipe Line 150 160
Jnd. Piye Line 84 87
Merritt OH 15% 16%
Midwest Oil 1 2
Midwest Rfg 148 152
National Transit 28% 27%
New I’ork Transit 180 170 !
Northern Pipe Lice 95
Ohio Oil 280 255
Okla. P. & R 7 7%
Penn.-Mex 42 45 ;
Prairie Oil ami Gas ....... 570 580
Prairie Pipe Line 190 202
Sapulpa Refg 5% 8
Solar Refining 350 370
Southern Pipe Line 125 135 ;
South Penn Oil 210 275
S. W. Penn Pipe Lines.. 05 08
Standard Oil Cos. of Ind.. 660 680
Standard Oil Cos. of Kan... 520 540
Standard Oil Cos. of Cal... 313 318
Standard Oil Cos. of Ky... 370 380
Standard Oil Cos. of Neb... 42ft 450 j
Standard Oil Cos. of N. Y... 390 395
Standard Oil Cos. of Ohio.. 420 440
Swan & Finch 80 80
Vacuum Oil 375 380 j
Washington Oil 27 S3
CHICAGO STOCKS.
(By Thomson & McKinnon.)
—J uly 14—
Open. High. Low. Close, j
Armour pfd... 91% 92 91% 91%
Carbide and
Carbon 65% 65% 65% 65% I
Hupmobile .... 16% 16% 16% 16% i
Libby 12% 12% 12% 12%
Mont.-Ward .. 33 33 j
Natl. Leather.. 11% 11% 11% 11%;
Sears-Roebuck .202 202 202 202
Stewart-Warner. 41% 41% 41 41
Swift & Cos 107% 107% 107 107%
Swift Internatial 35% 35% 35% 35%
Terse Market Notes
—July 14-
STOCKS—Twenty representative in
dustrial stocks at the. close of business
Tuesday showed an average of 91.58, a
decline of .50. Twenty active rails av
eraged 73.81, off .49.
Net earning of the American Telephone
and Telegraph Company for the six
months ended June 30, 1920. amounted
to 26.328.663 g after all charges, includ
ing Interest. The balance, after divi
dends. was $8,646,320, which compares
with $3,756,100 for the six months ended
June 30, 1917, or Just prior to federal
control. Earnings of the company are
running well In excess of the 8 per cent ,
dividend rate.
Lackawanna Steel reports net profits
after all charges and taxes for the qnar- j
ter ended June 30 1920, of equal to $5.36
• Ohare. This compares with a deficit
M $449,720 in the preceding quarter. Un
led orders on the books of the com
ity as of June 30 amounted to 484,268 '
tons, against 122,399 tons on the same
date in 1919.
All branches of the leather Industry
are curtailing production, according to j
reports, the reason being lack of orders.
GRAIN —A wire from Wicbita says: 1
‘‘The Kansas and Oklahoma crops were
burnt up this time last year, and now
these states have practically assured their
record crop of corn.”
The ticker says: “There is some in
dication of a falling off in receipts of
corn in the Chicago market? Consign
ment notices are smaller. It is expected
that this may check any further decline,
but unless new shipping demand broad
ens no reason is seen for any material
advance."
WAGON WHEAT.
Indianapolis flour mills and elevators
are paying $2 50 for No. 1 red wheat,
$2.50 for No. 2 red and $2 45 for No. 3
red. Other grades on their merits.
lIAY MARKET.
The following are the Indianapolis
prices of hay by the wagon load:
Hay—Loose timothy, $314233 a ton;
mixed, $29031: baled. $32037.
Corn—sl.9s®2 a bushel.
Oats—sl.lool.ls a bushel.
Stfaw —Wheat, sß@9 a ton.
Indianapolis Securities \
STOCKS.
—July 14—
Bid. Ask.
Tractions—
Ind. By. & Light com 65
Ind. Ry. & Light pfd 95
Indpls. tc Northwest pfd 15
Indpls. & Southeast pfd T 5
Indpls. Street Railway 54% 56
T. H., I. & E. com 1% 5
T. H, I. &E. pfd 9% 16
T. H„ T. A L. pfd 60
U. T. of Ind. com 1
U. T. of Ind. Ist pfd 10
F. T. of Ind. 2d pfd 3
Miscellaneous—
Advance-Rumely com ...
Advance-Rumely pfd
Anier. Central Life 235
Arner. Creosotlng pfd 93
Belt Railroad com 76 85
Belt Railroad pfd 47 ...
Century Bui ding pfd 98
Cifies Service com
Cities Service pfd •••
Citizens Gas 29 35
Dodge Mfg. pfd 99% ...
Home Brewing 55 ...
Indiana Hotel 60
Indiana Hotel pfd........... 91 ...
In a. National Life 4% ,•,
Ind. Title Guaranty 63 70
Indiana Pipe L'no.
Indianapolis Abattoir pfd.. 48
Indianapolis Gas 48 ...
Indpls. Tel. corn 2
Indols. TeL pfd 75
Mer. pub. Util, pfd 43
National Motor 15 20
Public Savings 2% ...
liaub Fertilizer pfd 40 ...
Standard Oil of Ind... 660
Sterling Fire Insurance 8%
Van Camp Hdw. pfd 95
Van Camp Pack, pfd 95
Van Camp Prod. Ist pfd 98
Van Camp Prod. 2d pfd 93 ...
Vandalia Coal com 5
Vandalia Coal pfd 10
Wabash Railway com 8% ...
Wabash Railway pfd. 25% ...
Banks and Trust Companies—
Aetna Trust 100
Bankers Trust 118 ...
City Trust 82 ...
Commercial National 65 ...
Continental National ........ 112 ...
Farmers Trust 200
Fidelity Trust 120
Fletcher American National. 257
Fletcher Sov. A Trust 163
Indiana National 284 294
Indiana Trust 185
Live Stock Exchange 450
Merchants National 275
National City 112 120
People’s State HO
Security Trust 120 ...
State S'avings and Trust.... 85% ...
Union Trust 340 370
•vash. Bank & Trust 142
BONDS.
Broad Ripple 5s 46 ...
Citizens St. Ry. 5s 72 80
Ind. Coke & Gae Cos. 6s 89 ...
Ind. Creek Coal A Min. 65. e.. 98 ...
Ind. Northern 5s ... ...
Ind. Union Traction
Indpls. & Colum. South. 55... 88 ...
Indpls. A Greenfield 55....... 90
Indpis. & Martinsville 55.... 59
: Irulpls. A North. 5s 35 40
Indpls. A Northwest, 55.... 50 60
Indpls. A Southeast. 5s 44
Indpls., Shelby. A S. E. 5s 95
Indpls. bt. Ry. 4e 52 60
Indpls. Trae. A Ter. 5s 64
Kokomo, Marion A West.... 80% 84
T. H.. I. A E. os
Union Trae. of Ind. 6s 50 59
I Citizens Gas 5s 73 82
Ind. Hotel 2d 6s 96 100
Ind. Gas 5s 72 80
Indpis. L. A H. 5s 75 82
Indpls. Water 5s 57% 91
Indpls. Water 4%s 70 .80
M. H. A L. ref. 5s 89% 04
New Tel. Ist 6s 94 ...
New Tel. Long Dlst. 55.... 93% ...
South. Ind. Power 6s 87 ...
LIBERTY BONDS.
Liberty 3%s 91 04 91.20
Liberty first 4s 56.38 86.58
Liberty second 4s 85.58
Liberty first l%s 86.38 86.58
Liberty second 4%s 85.58
Liberty third 4%s 89.08 89.18
Liberty fourth 4%s 85.80 85.92
Victory 3%s 96.00 96.10
Victory 4%s 96.02 96.20
Money and Exchange
Indianapolis bank clearings Wednesday
were $3,669,000. against $3,988,000 a week
ago.
NEW YORK, July 14.—Foreign ex
change was easy today. Demand sterling
opened at $3.91%. off 1% cents. Franc
checka were 11.95 to the dollar, off 3
centimes; lire checks 16.77. up 2. Marks
were lower at 2.58 cents for them, and
cables 2.60. Canadian dollars were 88.05
cents.
NEW YORK. July 14—Money—Call
money ruled at 8 per cent. Time rates
were firm at S'%o9 per cent. Mercantile
paper was steady. Sterling exchange was
weak, with business in bankers' bills at
$3.89% for demand.
In the Cotton Markets
NEW YORK, July 14—Scattered cov
ering ran July contracts to anew high
level this morning and strengthened the
entile list at the opening of the cotton
market. The range was 65 points higher
on July and 5 to 26 points up on other
months. After the start the market
worked off a little. At the end of the
first twenty minutes the market was
steady, with July up to 40.99, and with
later months about steady.
The close was firm at a net advance of
15016 points.
Open. High. Low. Close.
July 40.75 41.35 40 75 41.35
Oct 33.60 34.10 33.38 34.08
Dec 31.90 32.35 31.63 32.30
Jan 31.12 31.30 30.80 31.40
March 30.46 30.68 30.04 30.68
May 29.75 29.93 29.25 29.81
NEW ORLEANS, July 14.—Cotton fu
tures opened steady, 12 to 27 points
higher, and, after declines of 20 to 40
points on realizing sales, advanced to 15
to 60 points above the opening on cover
ing by local traders and New York
houses. The close was steady, 35 to 82
points net higher.
Open. High. Low. Close.
July 36.41 36.75 36.41 36.75
October 32.95 33.55 32.75 33.55
December 31.60 32.00 31.25 32.00
January 30.94 31.20 80.67 31.20
March.. 30.30 30.45 30.00 30.44
May 29.52 29.90 29.52 20.75
LIVERPOOL, July 14.—Spot cotton
opened slow, with prices steady; sales,
3,000 bales. Futures were firm.
WHOLESALE PRODUCE.
Eggs—Fresh, loss off, 40c.
Poultry—Fowls, 26c; broilers, 1% to 2
lbs, 45c; cocks, 17c; old tom turkeys,
30c; young tom turkeys, 12 lbs and up,
35c; young hen turkeys, 8 lbs and up,
30c; tbln turkeys not wanted; ducks,
4 lbs and up, 20c; ducks under 4 lbs,
17c; young ducks, 30c; geese, 10 lbs
and up, 16c; squabs, 11 lbs to dozen,
$6.50.
Butter—Clean packing stock, 35c lb;
fresh creamery butter In prints is selling
at wholesale at s'io6lc; in tubs, 58c.
Butterfat —Buyers are paying 58060 c
for cream delivered at Indianapolis.
Cheese (wholesale selling prices)
Brick, 30035 c lb; New York cream, 35c;
Wisconsin full cream. 32%033%c; long
horns, 33%@45c; limburger, 34038 c;
Swiss, domestic, 60©65c; imported, sl.
CHICAGO PRODUCE.
CHICAGO, July 14. —Butter—Receipts,
16,972 tubs; creamery extra, 55%c; firsts,
49054%c; packing stock, 34040 c. Eggs—
Receipts, 14,494 cases; current receipts,
miscellaneous, 39041 %c; ordinary firsts,
36039 c: flrets, 42043 c; checks, 32@33%c;
dirties. 27035%c. Cheese —Twins (new).
24%@25c; Daisies, 24%025c; Young
Americas, 23%@27c; Long Horns, 260%e;
brick, 260%c. Live poultry—Turkeys,
40c; chickens, 33c; springs, 22c; roosters,
20030 c; geese, 28035 c; ducks, 35c. Pota
toes —Receipts, 41 cars.
CLEVELAND PRODUCE.
CLEVELAND, July 14. Butter
Creamery, in tubs, extra, 61%062c; ex
tra fancy, 60%061c; flrst8 L 59%@60c; sec
onds, 57@58c; packing, 30@40e. Eggs—
Fresh gathered, extra, 49c; fresh extra,
4-Se; northern Ohio, fresh, new cases,
45c; old cases, 45%044c; western firsts,
•lie: extra, 47c. Poultry—Roosters, 200
21c; fowls. eofr/SCc; extra good, 40c;
broilers, 50060 c.
NEW YORK METAL MARKET.
NEW YORK, July 14.—Copper easy;
spot to Septembar, 18%c. Lead —Firm ;
spot to September offered at 88e. Spel
ter —Ffrm; spot and July. $7.87%@8;
August and September, $7.8008; Octobe.,
$7.9508.05.
HOG PRICES SLIP
DOWN 20 CENTS
Bulk of Sales at sl6.ls—Calves
Recede 50c to sl.
RANGE OF HOG PRICES.
Good Good Good.
July Mixed. Heavy. Light.
8. $15.75 @ 18.00 $15.50 @15.75 $15.76 @ 16.10
9. 15.2 @16.35 16.00@16.25 16.25@i16.40
10. 16.L5 @ 16.50 16.00@16.35 16.36@16.60
12. 16.25 @ 16.60 16.00@16.35 16.85 p 16.60
13. 16.00 @ 16.25 15.75 @16.26 16.00@16.85
14. 16.00@16.05 16.76@16.00 16.00@16.15
Receipts, 9,000, with 2.100 left over;
market weak.
Large holdover from Tuesday anfl sub
stantial receipts for today, coupled with
a contraction in the demand for hogs,
caused a general recession of about 20
cents on the hundred in prices.
The bulk of sales were made at $16.15,
as compared with a prevailing level of
$16.25016.35 on the previous day.
Heavy hogs moved slowly, ranging at
$15.50016. The best pigs brought sls,
while roughs sold from $12.75 down.
Cattle.
Receipts, 800; market steady.
Practically no change was made in the
level of cattle prices, sales being made
all the way aong the line on a basis
of the previous day's quotations.
A fair supply of cattle was on hand,
and trading was fairly (ictive.
Calves.
Receipts, 600; market weak.
The trend of prices was reversed In
the vtl division. The best calves sold
at sOcosl lower, with sl6 the top price.
A sharp falling off in eastern orders
was responsible for the setback.
Receipts, 250; market steady.
Trading was quiet in the sheep sec
tion, and prices were unchanged.
HOGS.
Best light hogs, 100 to 250 lbs
average 16.0001(115
250 to 300 lbs. average iC.OCKgllauiV
Over 300 lbs. average.... 15.75013.00
Pest pigs, under 140 lbs 13.00015.00
Sows 12.00012.75
Bulk of sales 16.13
CATTLE.
Prime cornfed steers, 1,300 lbs
and up 16.00016.25
Good to choice steers, 1,300
lbs and up 14.00016.00
Good to choice steers, 1,100 to
1,300 lbs 12.50014.00
Good to choice steers, 1,000
to 1.100 lbs 10.00012.30
Common to medium steers,
900 to 1,000 lbs 6,00010,00
—Bulls and Calves —
Good to choice butcher bulls.. 6.000 8.50
Bologna bulls 5.300 650
Light common boils 4.500 ti.oO
Choice veals 15.00016.00
Good veals 14.00015.00
Medium veals 12 00014.(*>
Lightweight veals 8.00012.00
Stockers and Feeding Cattle--
Good to choice steers. 880 lbs.
and up 9.00010.00
Good to choice steers, under
SOO lbs 8.000 9,00
Medium to good cows 5.500 6.00
Good cows 6.000 7.00
Good heifers 7.000 8.00
Medium to good heifers 7.750 8 2.)
Good milkers 50.000125.00
Medium milkers f10.U00100.00
Stock calves 250 to 450 lbs 7.00010.00
—Heifers and Cows—
Good to choice heifers 11450013.00
Medium heifers 10.0001150
Common to light heifers 7.00010.00
Choice cons 10.00012.00
Good to choice cows ...t 8.000 9.00
Fair to medium cows 7.0u0 8.00
Fanners 6.000 7.00
Cutters ...: 4.000 6.00
—Sheep and Lambs—
Good to choice sheep 5.000 6.50
Fair to good sheep 4.000 5.00
Common to medium sheep... 3.00 0 4.00
Bucks S.OOO 4.50
Common to choice yearlings.. 6.000 S.OO
Good to choice clipped 3.000 7.00
Spring lambs 10.0001-4,50
l
!
Other Live Stock
CHICAGO, July 14—Hogs—Receipts.
21.000: market 10'ql3c lower: bulk, $13.05
<fi 15.90: butchers. $14.50016; packers,
$13.50014.35; lights, sl3 90015.70; pigs,
$13013.50; roughs, $12.75014.30. Cattle—
Receipts, 8.000: market steady; beeves,
$10.75017.15; butchers. $6.25012.75; ran
ners aud cutters. $4 2507,50; Stockers and
feeders. $1012; cows, $6.25012.75; calves.
$12.250 14.23. Sheep—Receipts. 17.000.
market steady; lambs, $7.50016.75; ewes.
: $309.
CINCINNATI, July 14— Hogs— Re
! ceipts, 2,500; market steady; heavy, mixed
aud medium, $16.50; light, $15.75; pigs.
$12.50; roughs, $12.50; stags, $9.50. Cat
tle—Receipts, 500; market steady; bulls,
strong; calves, $15.50. Bhecp and lambs—
Receipts, 9,500; murk-t strong for sheep,
slow for lambs; sheep s*i down; lambs,
$16.50 down.
CLEVELAND, July 14.—Hogs—Re
ceipts, 3,0u0; market Blow, 10020 c lower;
yerkers, $16.75; mixed, sl6 05016.75: me
dium, $16.65016.75; pigs, sls; roughs,
i $12.50; stags, $8.50. Cattle—Receipts, OuO;
market slow, sheep and lambs— Receipts,
300; market steady; top, sl6. Culves--*
Receipts, 500; market steady; top, $lB.
PITTSBURG, July 14.—Cattle— Re
ceipts light; market steady; choice,
$15.25016; good. $14.25015; lair. $13014;
veal calves, $16.50017.25. Sheep and
lambs—Receipts light; market steady;
prime wethers, $9..VO0llO; good, *SO9; fair
mixed, $708; spring lambs. $1i01d.75.
Hugs—Receipts, 10 double-deck cars;
market lower; prime he.iv.es $1601025
mediums. $17.25017.35; heavy Yorkers!
$17.25017.35; light Yorkers, $ 10,2501.50 ;
pigs, $15.250)15.75; roughs, $110,13; stags,
$8.5009.50.
EAST ST. LOUIS, 111., July 14.—Cattle
—Receipts, 4,000; market strong; native
beef steers, $9012: yearling beef steers
and heifers, $12016.50: cows, $7011;
Stockers and feeders, $8.75011.50; calves,
$11013: canners and cutters, $4.2507.
Hogs—Receipts, 8,500- market lower;
mixed and butchers, $15.90016.30; good
henvlcß. $15.25015.75; rough heavies,
! $12.50013.25; lights, $16.13016.30; pigs,
$12.50015.75; bulk of sales, $16016.20.
Sheep—Receipts, 4,000; market steady;
ewes. $606.50; lambs, $14015.75; canners
; and cutters, $4.5006.
EAST BUFFALO, July 14 - Cattle-
Receipts, 200; market light, and steady;
i shipping steers, $15.50016.75; butcher
grades, $10015; cows, $4019.25. Calv-s
i—Receipts, 400; market active and
steady; culls to choice. $6018.50. Sheep
and lambs—K<jcelpts, 2O0; market active
and steady; choice* lambs, $17017 25;
cnlls to fair, $10010.25; yearlings, sllO
13; sheep, $008.50. Hogs-Receipts, 1,-
000; market slow, 10015 c lower; yorkers
$17017.10; pigs. $15.50015.75; mlied, sll
017.10; heaviea, $16016.65; roughs, sll
013; stags, SBOIO.
Housewives’ Market
LATEST PRICES.
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 in $ .10015
Asparagus, home grown, ac
cording to size or bunches.. .03010
Bananas, doz 20040
Beans, string, lb 10020
Carrots, bunch 03005
Cabbage, lb 04004
Celery, bunch 05015
Cherries, qt box .35
Cucumbers, hothouse, each 1.0020
Cucumbers, southern 05010
Grapefruit, each 10020
Kale, home-grown, lb 15020
Lemons, per doz 20030
Lettuce, leaf, per lb 15020
Lettuce, head, each 05015
Onions, lb 05007%
Onions, Texas Berumda, 1b.... .15
Onions, green, buneb 00007
Oranges, doz 30075
Parsley, 2 bunches .05
Peppers, green, Florida, bunch. .05047%
Pineapples 15080
Potatoes, peck 1.000L50
Potatoes, lb .10
Potatoes, new, lb .12
Potatoes, sweet, 3 lbs .25
Radishes, 3 to 5 bunches .10
Rhubarb, 2 to 3 bunches .05
Spinach, lb 10015
Strawberries, qt box 25035
Tomntiies, lb 50005
Green peas, 1b... .25
Scotch peas -12%
Split pens, yellow.. .12%
Split peas, green..., .18
Beans, navy, lb .11
Beans, lima, lb .17
Sugar, soft A .\ .28
Sugar, granulated - 226034
Beaus, Colorado pintaa, lb .10
Beans, kidney .18
INDIANA DAILY TIMES, WEDNESDAY, JULY 14, 1920.
IDEAL WEATHER
BREAKS GRAINS
Early Upturn Quickly Lost on
Heavy Selling-.
CHICAGO, July 14.—Continued reports
of good growing weather throughout the
corn belt and loosening up of transporta
tion w*ere bearish factors on the board of
trade today.
Early reports of black rust damage in
the northwest brought a slight bulge,
which was wiped out quickly by heavy
offerings.
Sentiment at the opening was bullish,
the pit crowd figuring the market was
oversold at Tuesday’s close, unconfirmed
black rust advices having been received
too late Tuesday to be distributed.
The opening advance, however, encoun
tered strong selling by leading cash and
elevator interests and the market turned
weak.
Numerous stop-loss orders were caught
on the break, about the only support on
the way down coming from shorts tak
ing profits. Buying against bids checked
the slump, but the undertone continued
weak, long grain coming out freely on
all bulges and forcing new low levels.
There was Some disposition to even
up, In preparation for rtsumlng trading
in wheart futuies tomorrow.
Continued ideal weather and crop con
ditions weighed heavily agamst values in
the deferred months’and weak cash
markets were a factor in the nearby
deliveries. Receipts continued liberal,
with corn consignments falling off anu
oats arrivals tending to gain.
(By Thomson & McKinnon)
- —-J uly 14—
Decidedly cooler and clear weather over
the spring wheat territory removed all
apprehension as to damage by rust and
was the signal for some very influential
selling in corn.
The buvlng power came mainly from
former sellers, there being little. If any.
indication of anew demand. Cash prices
have been slow everywhere, although not
Inclined to be as weak as deferred de
liveries.
All crop news Is distinctly favorable.
The market has had a decline of some
20 cents and is entitled to a modest re
action, even though there be no change
In news.
There Is a slight change in the situa
tion to the extent that there Is some evi
dence of a falling off in movement from
country. Likewise, this is an inquiry
here and there from eastern Industries.
It occurs to us as au opportunte time
for anticipating a rally of moderate di
mensions, but we do not believe advances
will be either noteworthy or permanent.
Receipts of old otts are keeping up
fairly well, and the cash market Is easing,
premiums being some 2 cents lower. Like
wise the July delivery Is weaker than
the new crop months.
The presen twenther Is made to order
for rounding out and completing the new
crop. We do not expect any individual
action.
CHICAGO GRAIN.
—July 14-
CORN—Open. High. Low. Close. Loss.
Julv 1.57% 1.57% 152% 1.54% 1%
Sept 157% 157% 1.51% 1.53 3%
Dec 1.43 1.43% 1.38% 1-40% 1%
OATS—
July 95% 95% 01% 91% 3%
Sept 79% 79% rr% 77% %
Dee. 70% 77% 75% 70 %
PORK—
July t2f1.75 1.45
Sept 29.25 29.50 27.90 28.25 .85
LARD—
July t 18.17 35
Sept 19.60 19.00 18.75 18 87 43
RIBS—
Julv 15 95 .45
Sept 17.25 17.25 16 72 16.95 35
tNonilnal.
CHICAGO CASH GRAIN.
CHICAGO. July 14.—Wheat—No. 2
mixed. $2.88; No. 4 new. $2.87; No. 3
northern spring, $2.90; No. 5 northern
spring. $2 75. Corn —No. 2 mixed. $1.56%;
No. 2 white, $1.62%@1.63; No. 2 yellow,
$1.56%®1.58; No. 3 mixed $1.54%; No. 4
mixed. $1.52%. Oats No 2 white. $lO
1.04; No. i; white, 98e051.02; No. 4 white,
96099 c; standard, 80e.
TOLEDO CASH GRAIN.
TOLEDO, July 14.-Wheat—No. 2
red, $2.93 Corn —No. 2 yellow. $1.65.
Oats No. 2. $1 07'a ! 08. Rye—No. 2. $2.25.
Barley—No. 2, $1.39. Cloverseed—Fash.
$2.); October, $25.20; December, $24.20.
Alslke Osh, $25; October. $25.50; Decem
ber. $25.15. Timothy Fash, 1917 and
1918 crops. $5.40; 1919, $5 50: September,
$5.80; October, $5.60; December, $5.60;
March. $5.80.
INDIANAPOLIS (ASH GRAIN,
—July 14
Bids for car lots of grain and hay a*,
the Indianapolis Board of Trade were
Corn Weak: No. 6 white, $1.53%; sam
ple white, $1 46%01.60.
data—Weak; No. - white, $1.03%Q
1.04%.
Hay Weak; No. 1 timothy, $34034.50;
MOTION PICTUREB.
4
Wheat Futures Trading
to Resume Tomorrow
CHICAGO, July 14.—1 t was an
nounced on the Board of Trade to
day that commencing tomorrow trad
ing In wheat futures will be re
sumed on the Chicago, Milwaukee,
Minneapolis, Duluth, St. Louis, Kan
sas City and Toledo exchanges.
No. 2 timothy, $33033.50; No. 1 light
clover mixed, $33@33.50; No. 1 clover
mixed, $32.50053.
—lnspections
Wheat—No. 2 red, 3 cars; No. 3 red,
1 car; No. 4 red, 1 ear; total, 5 cars.
Corn—No. 1 white, 6 cars; No. 2 white.
22 cars; No. 3 white, 3 cars; No. 6 white,
2 cars; sample white, 1 car; No. 1 yel
low, 11 cars; No. 2 yellow, 10 cars; No.
3 yellow, 1 cats; No. 2 mixed, 1 car; No.
3 mixed, 1 car; total, 60 cars.
Oats—No. 1 white, 2 cars; No. 2 white.
20 cars; No. 3 white, 1 car; No. 1 mixed,
4 cars; total, 27 cars.
Hay—No. 1 timothy, 1 car.
PRIMARY MARKETS.
(By Thomson & McKinnon.)
July 14.
—Receipts—
Wheat. Corn. Oats.
Chicago 106,000 353.000 226,000
Milwaukee... 15,000 46,000 40,0<i0
Minneapolis... :.18,0u0 7,000 27,000
Duluth 112,000
St. Louis.... 77,000 82,000 6,000
Toledo 6.000 1,000 8,000
Detroit 3.000 5.000 12,000
Kansas City.. 101,0.-0 26,000 10,000
Peoria 2,000 48,000 31,000
Omaha 30,000 43.000 28,-100
Indianapolis.. 4,000 80,000 54,000
Totals 674,000 093,000 496.000
Year ago.. 1,370.000 617,000 1,031,000
—Shipments—
Wheat. Corn. Oats.
Chicago 112.000 103,000 154,000
Milwaukee ... 21,000 23.000 58.000
Minneapolis .. 314.000 38,000 69,000
Duluth 220,000
St. Louis 72.00) 128.000 132,00)
Toledo 14.000 0,000 1.000
Kansas City.. 163.000 16,000 2,000
Peoria 15,000 61,000
Oir.aba 58.000 52,000 16,000
Indianapolis 22,000 8,000
Totals 774.000 406,000 501,000
Year ago... 310,000 306,000 637,000
—Clearances—
Domes. W. Corn. Oats.
New York 30,000
Philadelphia.. 37,000
New Orleans,. 282,000
Totals 619.000
Year ago ... 19,000 47,000 70,000
WHOLESALE FEED PRICES.
Ton Sacks. Cwt.
Acme brand $50.25 $3.00
Acme feed 62.25 8.13
Acme middlings 01.25 3.35
Acme dairy feed 78.25 3.95
E-Z dairy feed 68.25 8 50
Acme H A M 84 25 4.23
C. O. & B. chop 70.25 3.55
Acme stock feed 70.00 8.55
Acme farm feed 72.25 863
Cracked corn 83.75 4.23
Acme chick feed 83 25 4.20
Acme scratch 80.23 4 06
E-Z scratch 69.25 3.50
Acme dry mash 80.25 4.06
Acme hog feed 80.00 4.05
Acme barleycorn 83.25 420
Ground barley 84 75 4.30
Ground oats 86.75 4 36
Homlik whtte 80 75 4.10
Rolled barley 84.75 4.30
Alfalfa mol 73.00 3.70
Cotton seed meal 80 00 4.05
Kafir corn meal 68.25 8.45
Grain l.
Shelled corn, small lots ....,$ 2.03
Shelled corn, large lots 2.04
Shelled corn, bu sacks 2.14
Oats. 3 bu sack 1.44
Oat*, bulk, large 1.2*
Oats, less than 100 bu 1.29
Chicken wheat, cwt. sacked.. 4.50
CORN MEAL AND FLOUR
Corn meal. cwt. net $ 4.H0
E-Z bake bakers' flour. 98-lb sacks 14.70
WHOLESALE MEATS.
Wholesale meat prices sre quoted by
Indianapolis packers as follows:
Hams—Regular, 14 to 166 lbs, 42%c;
skinned. 8 to 10 lbs 43c; fancy boiled,
10 to 13 lbs, 63c.
Bacon—Fancy breakfast, 3 to 7 lbs,
43c; fancy sliced, l-ib carton, 57e; sugat
cured, 4 to 6 Iba average, 49c.
Salt Meat—Dry salt Indiana butta.
H%c.
Lard Beflnsd, tlercea basi 2te; open
kettle, tierces basla, 21%022%c.
Fresh Pork—Sl-are ribs 20c ; shoulder
bones, 7%c; tenderloins, 59062 c; dressed
hogs. 24%c
Sausage-—Fresh links, 18022 c.
Reef-Nteers. medium, 400 to 500 lbs,
21 %c; No. 2 heifers, 29c. native cows,
1*0190: medium -jws. 14015 c;
No 2. Me; No. 3,2 c; ribs. No. 2. 39c;
No. 3,25 c; rounds. No 2,29 c; No. 3,27 c;
chucks, No. 2. Xsc; No S, 14c; pistes,
cow. No. 2,12 c; No. 3.10 c.
Youth, Who Deserted
Year Ago, Arrested
ATLANTA, July 14.—George Holmes,
19, Great Pass, Oregon, who admitted he
deserted from the United States army
In a French seaport nearly a year ago,
arrested here for loitering, today was
turned over to the military authorities.
AMUSEMENTS.
MATINEE TODAY
I Evenings, 8:30
Mats. Wed., Thurs. and Sat. 2:90
II THE STUART WALKER CO.
I TEMPERAMENTAL
Hi iirnmu A New comedy *
f ML N til By Samuel Merwln
Eves., 50c. SI.OO, $1.50.
S lilhwS Mats., 25c, 50c, 75c.
j. —NEXT WEEK—
© “THE LODGER”
I CONTINUOUS I
8 ALL NEW FEATURES
SPECIAL ATTRACTION
THE GAFFNEY GIRLS
Musical—Comedy—Singing
808 WHITE £
The Whistling Doughboy
RUSSELL A HAVES
Two Clever Songsters t
MUTT A JEFF >-i;
Shaking the Shlmmle
REYNOLDS, GERALDINE A CO.
A Dancing Novelty
AUSTIN & DELANEY
The New Bell Hop ■,’■
SPECIAL FEATURE COMEDY f
BARNOLD'S DOGS
Big Animal Novelty
Ladies' Bargain Matinee,
| RIALTO j
agf VAUDEVILLE—PICTURES
A Downtown Beach |
THE COOL JOY SPOT
■H Harris & Hal- Morris A Ade
loway lalde
HB Musical Artist# Uoniedyjjtnglng.
Classic Four Ray A Courtney
llarmony “The Wop’s
Singe's Busy Day’
KKAYNO A CO., featuring
Bw t . S. 8. INDIANA IN ACTION
H Ge->. Walsh In "Sink er Swim”
Ladles get coupons at this tbe-
HH ater good at the Broadway niatl-
BH nees Monday, Wednesday and
■MHHHMHHBMBHB^
LYRIC
Going On All the Time—l Until 11
llartlette. Smith
princess * nd Sherry
Olrra ’ Aloha and Glrly
_ * Rap pi
Leopards Dei vewhio *
Wor ' d " Great- Bobby Slarrls A
est Animal
Act Leon Trio
Joy Film Farce, "Through the
Keyhole.’’
Dancing In the Lyric Ballroom
Afternoon and Evening B
! FREE RIDE !
Derby Racer, Thriller,
Old Mill, Whip
RIVERSIDE PARK
Tuesday and Wednesday
July 13-14
Cut Out This Add
(Subject to lc War Tax)
Away From the Heat
for a whole week—the cool, bracing
breezes of Lake Superior—bow rest
ful, how refreshing to tired people!
A great lake liner —yonr home for seven days
.—can you imagine a vacation more alluring?
An inland ocean voyage on the Great Lakes
of 1,600 miles. Wonderful places to see. Spe
cial features on shipboard. ,
STEAMSHIP DEPARTMENT
Fletcher American Company
Illustrated Booklets on Request. Agents All Lines.
J. F. WILD, Jr.,
BROKER
315-320 LEMCKE BUILDING
1 BUY I Commercial National Bank Stock
nu Consolidated Graphite MS* Cos.
Main 1734- PHONES Auto. 21-733
I ACT J. C. LEWIS & CO.
v BUCKRIDGE—
WEEK CASEY & co
-3 WEBER GIRLS
OF THE CRAMER, BARTON & SPARLING
SUMMER GATES & FINLEY
WILLIAMS & BERNIE
SHOWS KINOGRAMS AND DIGEST TOPICS
MOTION I 3 ICTURES. ~"
/ ,
Isis Thursday, Friday, |
gPg|| WALLACE
VxeP A^3ED”
jdd bebimdaniels
K pj AS “NURSE"
Special Added Att^ ction
■ ■ 111 ■■■■■■■■■ —■■■■ ' "■_ ■—
CONTINUOUS I
feltllMi aTT-- n I
Special Return Engagement of Cecil B. DeMille’s |j|
WHY CHANGE YOUR WIFE?!
WITH GLORIA SWANSON, THOS. MEIGHAN, BEBE
DANIELS, THEO. KOSLOFF AND A BRILLIANT CAST.
jPfkffiEMT Last Half This Week
“The Law of the West”
“The Squaw’s Sacrifice”
HELEN GIBSON
Vi—- , i il " —-
™ s —i
HAROLD LLOYD WILL ROGERS I
* “JesCaHMe Jim” |
“Modern Centaurs" A t „i p 0 t the Northwoods that tugs
Exploit, of the Italian Cavalry. £ and smiles at you thru
~ ~ 7 V its whimsical humor.
The Ctrclotte of News
With Coburn’. Local Brent. The Clrc i o Orchestra
Rotary-Klwanis Ball Game, Polo Selections from
Game., etc. .. The Ked mHl.’’
- ■■■■-- alTiTweek^^
( LIBERTY QUINTETTE ) MARY MILES NHNTER
< Entertainers De Luxe > ,
) _ . ( In the ploturUatlnn of
/ New Orle.n. Jazz Band ) ,j
caaaaL Tagßiir
‘The White Dove”