OCR Interpretation


Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, August 05, 1920, Home Edition, Image 10

Image and text provided by Indiana State Library

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85047611/1920-08-05/ed-1/seq-10/

What is OCR?


Thumbnail for 10

10
STOCK MARKET
TREND IRREGULAR
Declines Forced by Bears
During Opening Hour.
NEW YORK, Aug. 4.—Prices moved
In an irregular manner at the opening
of the stock market today, with the
trend of important Issues being to higher
figures.
The gas shares developed activity and
strength, Cons Gas advancing 4% to 81;
Brooklyn Union Gas. 1% to 60, and Peo
ples’ Gas 1 point to 29%.
Steel common yielded % to $7%,
Crucible rose over 2 points to 129% and
Baldwin Locomotive at 70% and Repub
lic Steel at 85%.. showed fractional Im
provement.
Reading led the railroad shares and
after yielding % to 89%. rose X point.
Canadian Pacific dropped over 1 point
to 118%, but soon recovered this loss.
New Haven advanced 1 point from its
low to 35%.
Mexican Petroleum reacted to 158%
and then advanced to 160. Pan-Amer
ican Pete dropped a full point to 82%.
The supplies and demands were about
evenly balanced in the leading issues
during the forenoon, but room traders
were able to force declines in some is
sues after the first fifteen minntes.
U. S. Steel yielded to 86%.
Delaware. Lackawanna & Western
moved up 9 points to 224 and American
Express rose 10 points to 141%.
Rending sold off from 90% to 89%. and
Southern Pacific rose over l point to 94.
Marine preferred dropped 3 points to
74%, the lowest prices touched In a long
period.
American International also showed
pronounced weakness, falling 3 points to
70.
Sugar stocks were heavy.
The Petroleum issues were firmly held.
American Woolen declined 1% to 73.
The industrial shares had a bad break
in the afternoon and were hammered
down from 1 to 8 points below the morn
ing highs.
The sharp decline in Middle States Oit
unsettled the entire oil list. • •
Pan-American Pete sold off over 6
points to 77%; Mexican Petroleum, 6%
to 152%. and invincible Oil, 6 to 35.
Steel common was nearly 2 points low
er at 56% and Baldwin Locomotive over
5 points to 103%.
ftiternational Paper was a weak fea
ture, declining 5% to 73.
American International broke S point*
to 65. United States Rubber sold down
nearly 2 points to 83%.
The market, after rallying slightly,
■when call money dropped to 6 per cent,
again eased off at the close.
United States Steel again got below
86.
The whole oil group continued to dis
play a reactionary tendency right up to
the close, following the drop in middle
states oil.
There was little demand for Middle
States except from traders, who sold
it earlier in the day.
The market closed reactionary.
Closing prices. United States Steel.
85%, off 2%. Republic 81. off 1%; Bald
win 105%, off 3; American Locomotive
93%. off 2%; Mexican Petroleum 152%,
off 6%; Pan-American 78%, off 5%; In
vincible 36%, off 4%: Studebaker *>3. off
1%: United States Rubber 83%, off 2;
Reading 87, 0ff.2%: New Haven 33%. off
1%. Cuban American Sugar 40%, off 4;
Cuban Cane 39%, off 4%; American In
ternational 65. off 8: Sinclair, off 2; Gen
eral Motors 20%, off 1%.
(Bv Thomson & McKinnon.)
NEW YORK, Aug. s—Uncertainty as
to the real portent of the vague reports
from Europe acted as repressing influ
ence on stork market activity. Buying
of railroad shares which the rate deet- ;
sion inspired earlier, in the week gave
,da> e to a fresh outburst of liquidation;
In the industrial list and before the close j
the market was back in about the same
position it was last week before the rate 1
increase become a factor in the trading.
Weakness became pronounced iu the j
shares of some of the newer oil compa
nies and also some Industrials which are ,
not yet seasoned, but have yet to demon- ,
strate their earning ability under the test
of business contraction and keener com- |
petition. This emphasizes the contention
that has come for owners of se
curities To show greater discrimination in
appraising their holdings,.
A sheer drop of 10 points in Middle
States Oil served particularly to call at
tention to what might be expected from
stocks of this class. With fresh evi
dences of business curtailment and re
adjustment, still before us, it may be
necessary for the time being to notify ex
pectations based on the improvement ;
which ultimately should come as a re- ;
suit of the improved transportation sit- ,
nation. But the foreign situation is the;
ascendant factor at the moment and un- '
less this takes a decided turn for the:
better further liquidation and weakness ;
seem in order.
NEW YORK LIBERTY BONDS.
NEW YORK, N. Y., Aug. 3—Liberty
bond quotations: 3%5, 90.94; first 4s,
85 40; second 4s, 84.84; first 4%5, 85.52;
second 4%5, 85.00; third 4%5, 88.70;
fourth 4Vis, 85.48; victory 3%5, 95.70;
victory 4%5, 95.72.
ACTIVE OIL STOCKS.
(By Thomson & McKinnon.)
—Aug. 5
—Opening
Bid. Ask.
Anglo-Ameripau Oil 20 21
Atlantic Refining ......115*4 1200
Borne-Serymser 420 460
Buckeye Pipe Line 85 87
Chesebrough Mfg. Cons 230 230
Chesebrough Mfg. Cons. pfd. 100 105
Continental Oil. Colorado... 115 125
Cosden Oil and Gas 6% 6%
Crescent Pipe Line 27 29
Cumberland Pipe Line 140 150
Elk Basin Pete 7% 7%
Eureka Pipe Line 98 101
Galena-Signal Oil, pfd. new 88 94
Galena-Signal Oil, com 42 43
Illinois Pipe Line 153 157
Indiana Pipe Line 85 87
Merritt Oil 13% 14
Midwest Oil 1 2
Midwest IlfS 147 149
National Transit 23 26
New York Transit 160 170
Northern Pipe Line 95 99
Ohio Oil 285 290
Oklahoma P. <Sc R 5% 5%
Penn.-Mex -40 44
Prairie Oil and Gas 560 570
Prairie Pipe Line 190 195
bapulpa Rcfg 5 6%
fcolar Refining 350 370
Southern Pipe Line 125 130
South Penn. Oil 263 268
Southwest Penn. Pipe Lines. 64 68
Standard Oil Cos. of Cal 304 308
Standard Oil Cos. of 1nd.... 640 055
Standard Oil Cos. of Kas.... 520 540
Standard Oil Cos. of Kv 360 375
Standard Oil Cos. of Neb 425 430
Standard Oil Cos. of N. Y.... 365 375
Standard Oil Cos. of 0hi0.... 425 450
Swan & Finch 102 105
Union Tank Lint 118 122
Vacuum Oil 360 379
Washington Oil 27 33
NEW YORK CURB MARKET.
(By Thomson &. McKinnon.)
—Aug. 5
-Closing-
Bid. Ask.
Curtis Aero com 3 6
Curtis Aero pfd 40 CO
Texas Chief 12 16
Sub Boat 9% 11
First Natl. Copper % 1%
Goldfield Con 8 10
Havana Tobacco 1 1%
Havana Tobacco pfd 5 10
Cent. Teresa 5% 6
Jumbo Extension 4 5%
Internatl. Petroleum 29 31
Nipissing 8% 8%
Indian Pkg 6% 7
Royal Baking Powder 120 130
ltoyul Baking Powder pfd.. 80 90
Standard Motors 7 8
Salt Creek 31 33
Tnopah Extension 1% 1% j
Tonopah Mining 1% 1%
United P S new 1% 1%
U S Light and Heat 2% 2%
U S Light and Heat pfd 2 3
Wright-Maartln 2 6
World Film % % :
Yukon Gold Mine Cos 1 2
Jerome % •% !
New Cornelia 16 18 i
United Verde 30 , 32
Sequoyah % % 1
Omar Oil 2% 3%
Rep. Tiro 1% 2%
CHICAGO STOCKS.
(By Thomson A McKinnon)
—Aug. 5
Open. High. Low. Close.
Carbide & Carb. 67% 62 61 61 i
Libby 11% 11% 11% 11%;
Montgomery-W.. 31 31 30% 30% I
Natl. Leather .. 10% 10% 10% 10%
Sears-R 133
Stewart-W 35% 35% 34% 34%!
Swift & Cos. ...106% 106% 106% 106%!
Swift Inter. ... 30% 80%. 30% 30% i
Armour Lea ... 16% 16 15% 15%
Indianapolis Securities
—Aug. 5
STOCKS.
Ind. Ry. A Light com 55
Ind. Ky. A Light pfd 95
Indplg. A Northwest pfd 75
Ind pis. A Southeast, pxd 75
Indplg. St. Railway 53 60
T. H„ J. & E. com 5
T. H., I, & E. pfd 16
T. H„ T. & I. pfd 53 70
C. T. of Ind. com 1
U. T. of Ind. Ist pfd 10
U. T. of Ind. 2d pfd 2
Miscellaneous
Advance-Rumely, com
Amer. Central Life 235
Amer. Creosotlng pfd 93% 99
Belt Railroad com 70 78
Belt Railroad r .fd 47% ...
Century Building pfd 98
Cities Service com 295 300
Cities Service pfd 68% 65%
Citizens Gas 30% 35
Dodge Mfg. pfd 90
Home Brewing 55 ..?
Indiana Hotel 60
Ind. National Life 4% ...
fnd. Title Guaranty 59 60
Indiana Pipe Line 83 89
ludpls. Abattoir pfd 48 51
Indianapolis Gas 48 54
Indpls. Tel. com 3% ...
Indpls. Tel. pfd 80
Met Pub. Util, pfd 43 53
National Motor 7
Public Savings 2% ...
ltauh Fertilizer pfd 40
Standard Oil of Indiana G4O
Sterling Fire insurance 8% 9%
Van Camp Ildw. pfd 95
Van Camp Pack, pfd 95 ...
Van Camp Prod. Ist pfd 95
Van Camp Prod. 2d pfd 95
Vandalia Coal com 5
Vandalla Coal pfd 5
Wabash Ry. com 7% ...
Wabash Ry. pfd 24% ...
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 Am. National 257
Fletcher Sav. & Trust 163
Indiana National 287 292
Indiana Trust 195
Live Stock Exchange 490
Merchants National 275
National City 112 120
People's State 176
Security Trust 120
State Savings A Trust 88% ...
Union Trust 340 ...
Wash. Bank & Trust 145
BONDS.
Broad Ripple 5s 46
Citizens St. Ry. 5s 72
Ind. Coke & Gas Cos. 6s 87
Ind. Creek Coal & Min. 65.. 98
Ind. Union Traction
Indpls. A Colum. South. ss. 88
Indpls. & Greenfield 5s 90 ...
Indpls. A Martinsville 55.. 59
Indpls. A North, os 35% 40
Indpls. A Northwest, os 45 50
Indpls. A Southeast. 5s 54
Indpls., Sjielby. A S. E. 3s. ... 90
Indpls. St. Ry. 4 56% 62%
Indpls. Trae. and Ter. 05... 65
Kokomo. Marion A Western. 80% 83%
T. H.. I. & E. 55.., 49 57
Union Trac. of Ind. 5s 49 59
Citizens Gas Cos 73% 79
Ind. Hotel 2d 6s 96 100
Ind. Gas 5g 72 80
Indpls. L. A H. 5s 75 82
Indpls. Water 4%s 71 80
M. H. and L. Ref. 5s 87 90
New Tel. Ist 6s 94
New Tel. Long Dist. 5s 93% ...
South. Ind. Power 6s 86
LIBERTY BONDS.
Liberty 3%s 90.90 91.20
Liberty first 4s 85.40 ....
Liberty second 4s 84 40 ....
Liberty first 4%s 85.40 85.70
Liberty second 4%s 84.88 84 92
Liberty third 4%s 88.64 88.94
Liberty fourth 4%s 85.08 85.28
Victory 3%s 95 60 96.00
Victory 4%s 95.00 93.80
SALES.
The following sales were made yester
day at the meeting of the board of ex
change :
40 shares of Indianapolis St. Ry. at... 53
SI,OOO Indpls. A Northwestern os at... 49
During August the board meets only
Mondays, Wednesdays and Fridays.
Money and Exchange
Indianapolis bank clearings Thursday
were $3,462,000, against $2,973,000 a week
[ ago.
NEW YORK, Aug. s.—Demand Sterl
ing wag off % to 3.60% at the opening of
the foreign exchange market today. All
other quotations were slightly lower.
Francs .0273, off .0009; lire .0504, off .0004;
marks .0214, off .0004.
With the exception of sterling, the
whole market advanced toward the close.
Sterling got up to $3.60% for demand
Francs showed a loss of .00080 0725. while
marks were up .0001; lire up .00030.0505;
cables, .0507; Canadian dollars, .8850.
New York—Commercial bar silver:
Domestic, unchanged at 99%c; foreign,
l%c higher at 94%c.
London—Bar silver, l%d higher at
58%d.
Terse Market Notes
NEW YORK. Aug. s.—President Wil
son has forbidden the Western Union
Company to make connections in Florida
with the Barbados cable on the ground
that the line might add to the monopoly
held by the British Cable Company in
Brazilian waters.
According to the bureau of railway
economics, railroads will offer approxi
mately $400,000,000 securities for sale
within the next three or four months.
It is rumored here that the right of
assemblage and freedom of speech for the
union labor organizations will be made
a political issue by the American Federa
tion of Labor next fall.
Armed intervention by the allies in the
Russian-Polish mlxun now seems inevita
ble. This would, of course, tend to
precipitate the crisis in the European
affair*.
News bearing on the domestic affairs
merely deepens the impression that fur
ther contraction in general business is
going on.
Large manufacturers of men's clothing
here and In other eastern cities have an
nounced a curtailed production due to
the small number of orders for fall de
livery.
GRAIN —For a time, corn will reflect
the weather. However, there Is some
strength in the immediate cosh situation
which will help shape the course of
prices. The present cash demand is in
the anticipation of the coming advance
in freight rates, and may disappear at
any time. Any radical action cither
way, is not expected unless the pres
ent droughty condition maintains and
widens.
Acording to government reports, corn
is firing in Illinois and lowa and the
dry weather situation is serious in sec
tions of Ohio, Michigan and Wisconsin.
General conditions of the crop is re
ported good to excellent.
COTTON—NEW YORK, Aug. s.—Cot
tou e.\b toi ted a firm undertone today,
particularly the new months, due to fur
ther buying of October, which sold 123
over December, compared with 80 two
days back.
This demand looks to be chiefly for
Japanese and Liverpool accounts and
was supposed to be covering hlg,s
or straddles, the resultant rise catching
stop loss orders.
Weather forecasts were slightly un
favorable, showers continuing throughout
Georgia and Alabama, causing deteriora
tion and increase of bool weevil. These
showers are accompanied by minimum
temperatures too low for normal growth.
Cables were strong, due partly to the
recent decline in exchange. There was
little feature to the market aside from
the buying of October cotton.
MOTOR SECURITIES.
(By Thomson &. McKinnon).
—Aug. 5
—Opening-
Bid. Ask.
Briscoe ...,. 36 39
Chalmers com 2 5
Packard com 17 17%
Packard pfd 81 86
Chevrolet 255 205
Peerless 35 37
Cont. Motors com 8% 9%
Cont. Motors pfd 95% 97%
Hupp com 14% 14%..
Hupp pfd r 9B 101
P.eo Motor Car .\ 21 21%
Elgin Motors 8% 9%
Grant Motors 4 4%
Ford of Canada 355 365
United Motors : 45 05
National Motors\. 9 11
Federal Truck A, 32\ 35
Paige Motors 25%, 26%
Republic Truck 42 \ 43
HOG VALUES
APPROACH sl7
Cattle Market Very Slow—
Sheep Are Steady. .
RANGE iOF HOG PRICES.
Good Good Good.
July Mixed. Heavy Light.
29. [email protected] $15.00@ 15.50 SIO.OO @ 16.25
30. [email protected] [email protected] [email protected]
81. 15.:[email protected] 15.00 @ 15.50 [email protected]
Aug.
2. 15.25 @15.75 14.75015.00 [email protected]
3. 15.00,015.75 14.50 @14.75 1 5.50 @ 16.00
4. [email protected] 14.50 @ 15.00 [email protected]
5. 15.00 @15.75 15.00 @ 15.75 [email protected]
A strong demand for good light and
heavy hogs brought the market soaring
25c to 30c, with light hogs selling at
$16.75 and heavies selling as high us
$15.73.
Hogs between 160 and 210 lbs brought
$1G.75, 210 to 225 brought $16.25, 223
to 250. $15.75; 250 to 275, $15.50; 275 to
300, sls. „
Local packers took but about 3,000
es the 9,000 hogs on the market, while
shippers bought the hulk.
There were approximately 1,500 begs
left over from Wednesday, but commis
sion men thought that the heavy demand
would not leave many over for tomor
row’s market.
Roughs brought $13.50 and down,
while the pig market was but slightly
disturbed.
The down move of the Chicago cattle
market was reflected iu a slow and
draggy cattle market here.
There were but few good cattle among
the 900 receipts of the day, and there
was a general decline of around 25 cents,
except in the cas? of some good heif
ers. where the market was steady.
The price of tanners fell 50 cents.
Good steers that yesterday brought
$16.50 were sold at $16.25, while there
were no steers on the market as good ns
the load that yesterday brought the top
of $16.75.
With 800 calves on the market and
some good stuff among them, the market
was steady to f>o cents lower, tops bring
ing $16.50.
The sheep and lamb market was com
paratively stealv, with a few extra fancy
spring lambs bringing sl3.
Receipts for the day were approximate
ly 1,000.
HOGS.
Pest light hogs, 160 to 20Q lbs
average 16.25016.75
250 to :tOC lbs average 15.00015.75
Over 300 lbs average 14.25®15.00
Sows 12.00(213.50
Best pigs, under 100 1b5.... 15.006H.23
Bulk of sales 15.75fg1.73
CATTLE.
Prime cornfed steers, 1.300 lb
and up 15.25516.50
Good to choice steers. 1.200 to
1.300 lbs 14.00® 13.25
Good to choice steers. 1,100 to
1.200 lbs 1L50<313.>
Good to choice steers. 1.000 to
1,100 lbs [email protected]
Common t<> medium steera.
900 to 1,000 Iba 8.50® 10.50
- Heifers and Cows—
Good to choice heifer* [email protected]
Medium heifers [email protected]
Common to medium heifers.. 6.50® 8.56
Choice cows 9 00'u10.31
Good to choice cows 7.60® 8.75
pair to medium cow* 6,50@ 7.75
Canners 3.7. Vt 4.50
Cutters 5.75@ 7.75
j -Bulls-
Good to choice butcher bulls 7.30® 9.00
Bologna bulls 6.500 8.00
Light common bulls 4.500 6.30
—Calves—
Choice veals 16.00® 16.50
Good veals 14.75® 16.09
.Medium veals 12 50® 13.75
Lightweight vtals 7 00® 11.00
—Stockers and Feeders—
Good to choice ateers, 880 iba.
and up [email protected]
Good to choice ateers, under
800 lbs 8 000 9.00
Medium to good cowa 5500 6.00
Goods cowa 6.000 7.00
Gooq he.fers T.'AKtl 8.00
Medium to good heifers 7.750 8.23
Good milkers 50.00® 125.00
Medium milkers 60.00@10000
Stock calve* 200 to 430 lbs ... 7.00010 00
SHEEP AND lAMBS.
Good to choice sheep 5.00® 6.00
Fair to good kheep 3.54)0 5.0 b
Common to medium sheep ... 2.50@ 3.30
Bucks 2.50@ 4.50
Lamb*—
Common to choice yearling*. 6.00@ 8.00
Good to choice cupped 3.000 7.00
Spring lambs [email protected]
Other Live Stock
CHICAGO, Aug. 5. —Hogs—Receipts, 23,-
000; market higher; bulk. $13.75016.25;
top, sl6 35; heavy, sl4 25 >t 15.90 ; mediam,
$15316 30; light, *15.40016.35; light lights,
$15.15® 16.10; heavy parking lows,
imoota, *l3 60014.15; parking b.iv, s,
tough, *13.25®13 60; pig*. *14.256(15 65.
( attle—Receipts, 10,000; steer* slow ami
Hleady, butchers stronger; beef steers,
choice and prime $16®17 10; medium and
god, *12.25® 16; good and ehob'e. $14.50
@16.75; common and medium, *9014;
butcher cattle, heifers, $6814.75; ions,
.y. 012; buHa, *OOll 75; cauners and cut
ters, cows and heifers, *!@6; canner
steers, $4.500 7; veal calves, $14016.25;
feeder steers, $7.50®, 11.00; Stocker steers,
[email protected]; Stocker cows and betfer*. s.*@
8.50. Sheen - Receipts, 16,<KK); market
Heady; lambs, (84 lbs down), *lj®M 75;
lambs, culls end common. *.'so® 11.75;
yearling wethers, *3012.50; ewes. *6®9;
ewes, culls and common, $306; breeding
ewes, $6.50311; feeder lambs. [email protected].
CINCINNATI, Aug 5. Hogs Re
ceipts, 3,400; market strong, 25c to 50c
higher; heavy, *15.50(8)16 25; mixed,
*16.25; medlnm, *16.50; light. $16.25; plga,
*13.50; roughs, *12.75; slags. 50. Cnttle
Receipts. 1.100; market choice stetfdy,
others dull; bulls, weak; calves, *16.50®
17. Sheep and lambs -Receipts, 7,(*H);
mnrket active; sheep, *8; lambs. *ls.
CLEVELAND, Aug. s—lli.gs—Receipts,
1,500; market steady; yorkers, sl7: mixed,
$16.85010.90; medium, *16.754(18.25; pigs,
*l7; roughs, *12.75; slags, *B. Cattle-
Receipts. 700; market slow to dull. Sheep
and lambs-—Receipts, 500; market steady;
top, *14.50. Calves—Receipts, 250; mar
ket steady ; top, *lB.
PITTSBURG, Aug. 5 Cattle— Re
ceipts light; market steady; choice, *15.25
@15.75; good, $14014.75; fair, *[email protected];
veal calves, $l7OlB. Sheep and lambs—
Receipts light; market slow'; prime weth
ers, $8.50(30.25; good. *7.2508.25; fair
mixed, $6.5007; spring lambs, *13014.
Hogs- Receipts. 16 doubles; market low
er: prime heavies and mediums, $15.75@
16; heavy yorkers, *17.15017.25; light
yorkers. *16.50® 16.75; pigs, $16010.25;
roughs. *12013.50; stags. SB.OOOO.
EAST BUFFALO, Aug. 5. Cattle— Re
ce.pts, 425; market light, steady; prime
steers, *15016; shipping steers, *om
14.75; heifers, *3@lo. Calves—Receipts,
325; market active, steady; culls, choice,
*o@l4. Sheep and lambs Receipts. 400,
market, active, higher; choice lambs, *io
015.50; culls, fair, *10014.75; yearlings,
*110X2; sheep, *SOIO. Hogs—Rece.pts,
1,300; market heavy, slow, steady; York
ers, $17.25017.40; pigs, $17.25017.40;
mixed, *17017.25; heavies, $15.75016.50;
roughs, [email protected]; stags, $S@lO.
LOCAL HIDE MARKET.
Green Hides No. 1,15 c; No. 2,14 c.
Green Calves No. 1,22 c; No. 2,
Horsehide#- No. 1, $7; No. 2, SO. Cured
Hides—No. 1,17 e; No. 2, lfle.
CORN AND WHEAT BULLETIN.
For the 24 hours ending at 7 a. in., 00th
meridian time, Thursday, Aug. 5.
temper-1 .
ature. ■§_<>
■S~.a
Stations of S5? b J
Indianapolis —~r, t 5 ?
District. 5 f £5
jf a ta p a u
5 x h_a 03
- i-5 a, ua
South Bend .... 84 04 I 0 Dusty ~
Angola 85 60 | 0 Good
Ft. Wav tie 80 ] 60 0
WUeatfleld SC j 62 | 0 Good
Royal Center ... 82 58 | 0 God
Marlon 84 j 54 0 G^od
Lafayette 81 i64 0 Good
Farmland 85 ;53 0 Good
Indianapolis .... 84 1 67 0 Good
Cambridge City. 85 152 0 Good
Terre Haute ... 86 | 62 0 j Good
Bloomington ...| 88 | sfi 0 | Fair
Columbus !92j 57 i 0 j Rough
Vincennes 92 ! 63 j 0 | Dusty
Paoll 90 |55 I 0 | Fair
Evansville 90J 70 | 0 )
J. H. ARifi N G TON.
Meteorologist Weather Bureau,
INDIANA DAILY TIMES, THURSDAY, AUGUST 5, 1920.
POLISH SITUATION
SENDS WHEAT UP
December Wheat Reaches $2.45,
Then Closes at $2.40.
CHICAGO, Aug. s.—The serious mil
itary situation in Poland exerted a de
cidedly bullish effect on the grain mar
ket today.
After an irregular opening, due to
conflicting Influences, Increasingly grave
reports from eastern Europe sent wheat
up sharply to a net gain of 10 to 10%
centß over yesterday’s close.
December wheat opened at $2.32, a gain
of 2%c over yesterday, reached a high
mark of $2.45 and closed at $2.40.
March wheat opened lc lower at $‘2.31,
went to $2.47% and closed at $2.42.
Corn and oats were higher in sympathy
with wheat. September corn opened at
$1.42%, up %c, and closed at $1.48%.
December corn opened %c off at $1.23%,
closing at $1.26%. i
September onts were %c at the
opening, at 71c, and closed at 73%c.
December oats opened at 70c, down %c,
and closed at 71%c.
Provisions were generally higher on a
higher hog market.
(By Thomson & McKinnon.)
—Aug. 5
Wheat—Buying of wheat by show
millers again has been noted in the mar
ket. Advices from the country that pro
ducers and dealers are reluctant sellers.
In addition to this, there has been a
moderate demand induced by the foreign
political news. It is to be noted that, the
cash market has shown more strength
than the deferred deliveries. Exporters
seem to have retired from the market,
not being willing to compete with the
present demand from millers.
Corn—Disappointment in the amount of
rain shown on the map. forecast of fair
weather, broadening of the area from
which drought complaints are coming,
(insufficient receipts and competitive de
mand in the cash market were the under
lying items in corn. The Russian Polish
affair was a factor to the extent that ac
tive operators were closing up old com
mitments and withholding new. Market,
therefore, devoid of offerings from this
source. The temper of the trade is such
just now that prices will respond readily
to another dry weather map tomorrow.
Market also will be affected by a con
tinuation of the present light movement
from the country, it is probably well to
withhold selling operations pending some
change in weather, movement or foreign
news. . . , .
Oats —There has been r broadening of
interest In the oats market, induced by
the items relating to corn, also by the
strength in the cash market. Premiums
for current arrivals have been sharply
advanced, contract selling ns high as
ll%c over September. Inasmuch as the
strength in this market is predicated
upon the present light movement rather
than upon the si** of the crop And re-
w# doubt the advisability of
anticipating any material advance.
Provision*—A considerable decrease IT.
the stocks of cut meats at western points
and a fair decrease in lard stimulated
the provision list Smaller packers wer*
buyers. It is said that compound lard
prices are considerably more under lard
parity than for some time.
CHICAGO GRAIN.
—Aug. B—
WHEAT— Open. High. Low. Ulose.
Dec 2.32 2.43 228 240
March... 2.51 2.47% 2.29% 2.42
M Sept~.. 142% 1.49% 1.42% 1.48%
Dec 1.23% 129% 1.32% 126%
®SSU... ?i „„ 70 ns
Dec 70 72% 69% 71%
‘‘Sd. - .. 26.80 27.23 26,75 26 80
Oct 27.10 27 75 27.10 27 75
Oct 19.37 19.75 1037 19.00
Rl f2pt7... 16 00 1C 23 16.00 ■ 16.07
Oct 16-50 16.55 16.25 1640
TOLEDO CASH GRAIN.
Wheat Cash. No. 1. $2 54; December.;
$2.46. Corn—Cash, $1.68® 1.38%. Oats -
Cash, 82083 c. Rye—Cash, $1.83. Bar'
ley ('ash $1.05. Clover—Cash, $21.30;
October. $2173; March. $21.25. Alstke-
Cash $21.50; October. $21.50; December.
$21.60; March, *2IV. Timothy Caan
1817 $4.05; 1918. $4.05; 1919. $4 70; Sep
tember. $1.80; October. $4.6u; December,
$1.65; March, $4.80.
PRIMARY MARKETS.
(By Thomson & McKinnon.)
—Aug. 5
Wheat. Corn. Data.
Chicago 377.000 190.000 261.000
Mtlwaukeo ... 11,000 33.000 A\()00
Minneapolis... 284.000 7,000 10.00 U
Duluth "4,000
St Louis 263,00(1 40.(i00 88.000
Toledo 45,000 5.000 2.000!
Detroit 3,000 5,000 6 (UK) j
Kansas City.. 291.000 10.000 31.000;
Omaha 166.000 20.000 34.000
Indiana polls.. 66,000 21,00<l 44.000
Totals .... i 900*000 311,000 MOOOO
Year ago. 2.146 000 118,000 722.000
Shipments—
Wheat. Corn. Data.
Chicago 136,000 188000 313,000
Milwaukee ... 6,000 16.1)00 31,000
Nliunei p 0115... 170,000 18,000 '29,000
Duluth 3,000 —•
St Louis 393,000 271,000 48,000
Toledo 3,000 9.000 2.000
Kansas City.. 208,000 10.000 12.000
Omaha 133.000 34.000 22,000
Indlanapoli*.. 10.000 21.000 18.000
Totals ... 1,064.000 568.000 476.000
Year ago. .1,478,000 423,000 044.000
—Clearances —
Dome* W. Corn. Oat*.
New York.... 80,000
Philadelphia.. 136.000
Baltimore 394,000
New Orleans.. 80.000
Totals 690,000 !
Year ago ....... 160,000
IN DIANA I'OI. 18 CASH GRAIN.
—Aug. 3
Bids for car lots of grain and hay at
the cull of the Indianapolis Board of
Trade were:
Corn—Strong
Oats—Strong; No 2 white, 84080 c;
No. 3 white, 83c; No. 4 white, 83%c;
No. 2 mixed, 78c.
Ilay—Steady; No 1 timothy, $33.50®
34; No. 2 timothy, $32 50®33; No. 1 light
clover mixed, $32.60083: No. 1 clover
mixed, $32®32.50; new timothy, $26.50®
27.50; new light clover, $26®26.50.
—lnspections
Wheat—No. 1 red, 13 cars; No. 2 red,
21 cars: No. 3 red, 7 cars; No. 4 red.
1 car; No. 6 red, 3 cars; No. 1 hard, 6
curs; No. 1 mind 2 cars; total, 52 cars.
Corn—No. 2 white, 6 cars; sample
white, 1 car; No. 1 yellow, 2 curs: No.
2 yellow, 10 cars; sample yellow, 2 cars;
No. 2 mixed, 1 car; total, 22 cars
Oats—No. 1 white, 3 cars; No. 2 white,
13 cars; No. 3 white. 24 cars; No. 4
white, 3 car*; No. 2 mixed, 1 car; totai,
44 enrs.
Rye—No. 1, 2 cars; No. 2, 1 ear; total,
8 cars.
Hay—Standard timothy, 2 cara; No. 3
timothy, 1 car; total, 3 cars.
HAY MARKET.
The following are the Indianapolis
prices for hay by the wagon load;
Ilay—Loose timothy, old, $32031;
loose timothy, new, $25@28; mixed hay,
old, $29031; mixed, new, $24027; baled,
S3OO 38.
Torn—Bushel, [email protected].
Oats—Bushel, old, 80090 c; new, 65@
75c.
Straw—Wheat, SBO9 n ton.
WAGON WHEAT,
Indianapolis flour mills and elevators
are paying $2.20 for No. 1 red wheat
$2.17 for No. 2 red and $2.14 for No. 3
red. Other grades according to quality.
a—
LOCAL MILLS WANT WHEAT.
Contrary to rumors floating In the
wheat regions over the state that Indian
apolis mills and elevators are filled and
can not handle more grain at the pres
ent time, officials of the Aeme-Evans
Milling Company say that they are in
a position to handle a good quantity
of wheat and other grain at the present i
time.
It has been reported that small mills
and elevators over the state are of tne
opinion that larger mills were not able
to handle grain, but statements inns.,
to local millers and elevator officials
explode that theory
A raise in the price of wheat at the I
local mills late yesterday brought No. j
1 wheat up to $2.29 a bushel.
On Commission Row
There is still a good supply of Alberta
peaches on the market.
Southern Indiana Tip Top melons came
on the market and are selling at $4.5005
a barrel, thirty-two melons to the barrel.
A good supply and a small demand for
home-grown new apples has caused the
price to drop 50c to $1 on the bushel.
A lilmted supply of Burbank plumbs
came on the market today, and a better
supply is expected during the next few
days. They were selling at $1 a basket
or s3@4 a bushel.
The cool weather of the last few days
and the vegetable supply being mostly
gotten principally from the gardens has
caused the wholesale produce market to
take on a quieter tone, but prices have
not been greatly affected, except on a
very few products.
TODAY'S PRICES.
Apples—Baskets, $1.50(2,3.
Bananas —Pound, $8.5009.50.
Cabbage—Home-grown, bbl, $1.50@2;
lb, 2c.
Beans—Michigan navy, in bags, per lb,
B%@9c; California pimas, in sacks, 13@
14c; marrowfats, per lb, 14%@15e; green,
fancy, home-grown, bushel, [email protected].
Beets—Fancy, Kentucky, per hamper,
$1.25; home-grown, doz. 40c.
Blackberries —24-nlnt crate, $2.0003;
24-qt crate, ss@6.
Cantaloupe Crate, standard, $405;
flat. $1.2501.75.
Carrots—Home-grown, 30c per doa
bunebeß. __
Celery—Michigan, 6 doz crate, sl.<o@o.
3.25.
Cucumbers —Home-grown, doz, sl.
(Mir rants —Home-grown. 25-qt basket,
*607.25. j „ „
Kale—Fancy home-rown, per lb, $1
@1.50.
Lemon* —Extra fancy, California, $4.50
@5.
Mangoes—Fancy big basket, $1.25@
1.50.
Melon* —Honey Dew, crate, $303.50;
southern Indiana Tip Top, bbl, [email protected].
Oranges—Extra fancy California*, ia
vell, ss@7; Valencias. $4.7506.
Onions—lndiana, yellow and white, bu
$1.50; home-grown, green, doz, 15@25c.
Parsley—Fancy home grown, 30c doz;
$4.25©4.50.
Pear*—California Bartlett, 46-lb crate,
$4 5005.
Peas—Fancy Mississippi, per hamper,
$303.50; fancy Telephones, bu, $4. j
Potatoes—Virginia and Kentucky Cob
blers. bbl, $7.5008.50; new home-grown,
$708.50.
Radishes Ilom*-gron, button, doz
.bunches, 25035 c.
Rhubarb—Home-grown, do* bunche*.
36c.
To;natoes--Bushel, $101.50.
Huckleberries— 18-lb, $4
@4 50.
Sweet Potatoes —Alabama, bu, $303.50.
Peaches- Alabama, per crate, $42500
6.50; per bu. ss@.
Watermelons Georgia, small. 40@45c.
Jumbos, 60@90c.
Plums- California blue. per crate,
$3.50; Blue Damsel, half bu baskets,
$2.5002.73; Burbanks, basket, $1; bu.
$304,
Eggplant—Home-grown, per doz, S3O
3 50.
Weather
Tbe following table show* the state
the weather at 7 a. m. t Aug. 5, as ob
served by L\ 8. weather bureau*:
Station. Bar. Ttmp. Weather.
Indianapolis, Ind... 30.11 *9 Cloudy
Atlanta. Ga 80.14 64 I'tCidy
Amarillo, Tex 30.04 61 Cloudy
Bismarck. N D,... 30.04 66 Clear
Boston. Mas# .... 30.22 66 Clear
Cblcaga, 111 30.10 74 Cloudy
Cincinnati, O ;to.to 70 Clear
Cleveland. 0 30.14 68 PtCldy
Denver, Colo 30.14 60 Clear
Dodge City, Kas.. 30 o*2 66 Cloudy
Helena. Mouf 30.<H 5.8 Clear
Jacksonville, Fla... 30.08 7<> Cloudy
Kansas City, M 0... 30.06 72 PtCldy
Louisville, Ky ... 30.12 72 Clear
Little Rock, Ark.. 30 01 74 PtCl-Jy
Lo* Angeles, Cai... 30 06 66 Clear
Mobile. Ala. SO'*) 74 Clear
New Orleans, La... 80.00 82 Clear
New York. N. Y... 30.22 72 Clear
Norfolk. Va 30 20 70 Rain
Oklahoma City ... 30 00 70 Cloudy
Omaha, Neb 30.04 72 PtCldy
Philadelphia. Pa. . 30.26 72 Clear
Pittsburg, Pa 30.18 68 Clear
Portland. Ore 30 04 61 Cloudy
Rapid City, 8. D.. 80.08 6s Clear
Roseburg. Ore. ... .'!0)4 64 PtCldy
San Antonio. Tex.. 29.98 74 Cloudy
San Franclaco, Cai. 30.06 60 Clear
St. I/oula, Mo. 30.08 74 Clear
St. Paul, Mian. .. 30 04 6' Cloudy
Tampa, Fla 30.06 so PtCldy
Washington. D. C.. 30.24 70 Cloudy
WEATHER CONDITIONS.
Showers have eontinved In South At
lantic states, and have fallen also from
Ihe middle plains sections to the western
lakes region, in oilier parts of the coun
try the weather has been fair. It Is *
llllle warmer from Ihe lakes region (o
the lower Mississippi valley, and In the
far west, and a little rooter over (he
great plains and Ihe southern Allrglienlcw.
The temperature changes, however, have
not been decided over any large arena.
J. H. AK.MINGTON.
Mteoroiogist.
WHOLESALE MEATS.
Wholesale meat prices are quoted by
Indianapolis packers as follows:
Hams—Regular, 14 to 16 lbs, 42%r;
skinned, 8 to 10 lbs, 41 %c; fancy boiled,
10 to 13 Iba, 63c.
Bacon—Fancy breakfast, 5 to 7 lbs,
47c; fancy sliced, 1-lb carton, 57c; sugar
cured, 4 to 6 lbs average. 46e.
Lard—Refined, tlrces basis, 21c; open
kettle, tierces basts, 21%@22c.
Fresh Pork —Spare ribs, 18%e; shoul
der hones. 7% e; tenderloins, 62066 c;
dressed hogs. 23c.
Beef -Steers, medium, 400 to 500 lhs,
21o; No. 2 heifers, 19c; native rows.
22%@260; medium cowa, 14 %c; loins,
No. 2,85 c; No. 3.34 c; rtbs. No. 2, 2’7c;
No. 3.25 c: rounds. No. 2, 28%c; No. 3,
27%c; chucks, No. 2, 15%c; No. 3, 14%c;
plates, cow, No. 2,12 c; No. 3, Dc.
-
Tub
INVEST WITH A YOUNG COMPANY
AND
LET YOUR MONEY GROW
The BteYeneon Gear Company Is lese than one year old and
la growing by leape and bounds. Buy 8%, Participating, Pre
ferred Stock and secure Common Stock as a bonus.
Stevenson Gear Company
942 Daly St., Indianapolis, Ind.
Phone Prospect 2464.
©Wanted
Salary or Commission
Men of Influence and good standing In their respective
communities to represent our Securities Department.
Ex-county officials or those with banking experience
Established 1912. preferred. Snlary or commission. )
INDIANAPOLIS SECURITIES COMPANY
FRANK K. SAWYER, President.
Home Offices—lndianapolis Securities Building, Southwest Corner Delaware
and Market streets. (Formerly Baldwin Block.)
Address ARTHUR O. MAIN, General Manager, Securities Department, } 112
East Market street. ,
POTATO PRICES
MAY DROP 50 PCT.
Wisconsin Farmers Taught
Lesson by Dry Rot.
MADISON, AVIs., Aug. s.—Potatoes,
generally regarded as a food staple, but
more recently forced into the luxury
class by high prices, will soon sell for
half their present price, it was predict
ed today by officials of the division of
markets and the state agricultural de
partment.
Wisconsin, the banner potato state,
will soon harvest its greatest crop.
According to officials there will be no
holding back of the crop this-year and
the bulk of it will pither be on the mar
ket or eu route by .UhTfstmas.
Losses through dry rot suffered by
farmers last year has served as a les
son. it was said.
, The division of markets will devote
much of its time to see that the pota
toes are properly marketed.
Under anew state law, the division can
prosecute growers who hoard foodstuffs
to force up prices.
ln\ the Cotton Markets ,
NEW YORK, Aug. s.—Cotton opened
steady at a net advance of 11 to 37
points, influenced by firmness in cables I
and buying by Liverpool.
Later it reacted qnder favorable news j
or. the weather and \seiling by the south. !
Wall street traded both ways.
At the end of tfle first fifteen minute:) j
ihe list was easy and about unchanged !
l'tom the previous close.
Cotton opened: October. 31.25 c; De
cember, 30.37 c; January, 29.50 c; March,
29.20 c; April, 29.15 c; May, 28.90 c.
NEW ORLEANS, Aug. s.—Cotton fu
tures opened 18 to 3S points higher and
declined 25 to 34 points on bearish ca
bles and profit taking in the earlier
trading. On covering and better reports
ftom Europe later prices rose rapidly
to 18 to 38 points above the opening
levels.
The close wag steady, net 32 to 68
points higher.
LIVERPOOL, Aug. 5. —Good spot in
quiry for cotton; prices firm: sales. 7.000.
American middlings fair, 32.15d; good
middlings, 29.40d ; full middlings, 28.15d ;
middlings. 26.90d: low middlings, 23.10d;
good ordinary, 19.90d; ordinary, 18.90d.
Futures opened steady.
WHOLESALE PRODUCE.
Eggs—Fresh, loss off, 44c.
Poultry—Fowls, 30c; broilers. 1% to 2
ilia, 40c; cocks, 17c: old tom turkeys,
30c; young tom turkeys. 12 lbs and up,
35c; young hen turkeys, 8 lbs and up,
35c; cull thin turkeys not wanted; ducks,
4 lbs and up. 20c; ducks, under 4 lbs,
17c; young ducks, 25c; geese, 10 lbs 1
and up. 16c; young geese, 22c; squabs, 11
lbs *0 dozen, $6.50.
Butter —Clean packing stock, 36c lb;
fresh creamery butter in prints Is selling
at wholesale at 56@57c; In tubs, 55c.
Rutterfal - Buyers are paying 56@58c
for cream delivered at Indianapolis.
Cheese (Jobber* - selling prices)
Brick, 30@32c lb; New York cream, 35c;
Wisconsin full cream, 29@320; long
horns, 30®82c; llmburger, 33%©36c;
Swiss, domestic, Co@6sc; Imported, sl.
CHICAGO PRODUCE.
CHICAGO, Aug s.—Butter—Receipts.
2.559 tubs, creamery extra. 52c; extra
firsts, 46%@50%c: packing stock, 340
40c. Eggs Receipts, 10,140 cases; cur
rent receipts, miscellaneous, 43045 c; or
dinary firsts. 41042 c; firsts. 44%®45%c;
extras. 47%c; checks. 30035 c; dirties.
33 'f3Sc. Cheese—Twins (new), 230
23 %r: daisies. 23%@24c: young Amer
icas. 25%c • long horns. 25%c; brick, 230
25 %c. Live poultry Turkeys. 40c;
chickens. 30033 c; springs, broilers, 390
42c; roosters, 23c; geese. 20025 c; ducks,
28c Potatoes Receipts, 48 cars; eastern,
per bbl. $707.50; Missouri, Kansas and
early Chios. $3.750 3283; California
whites, $404.15.
CLEVELAND PRODUCE.
CLEVELAND, Aug. s—Butter—Extra
in tub lots, 580694 c; prints. 59@59%c;
extra firsts, 56@57c; firsts, 53%c; sec
onds, 52@53c; packing, 32@34c. Eggs—
Fresh gathered northern Ohio extra*.
Me; extra flrats, 51c; firsts, new cases.
50c; old case*. 49e western firsts, new
case*. 48c. Live poultry—Good fowls.
36c; broilers weighing 1 to 1% Iba. Ss®
40c: 1% to 2 lb*. 43c: old roosters,
20@21c; spring ducks, 38040 c.
Yt HOLEBALE FEED PRICES.
Ton Sacks. Cwt.
Acme brand $57.25 $2.90
Acme feed 39.25 3 00
Ai-ms middlings 66.25 3.36
Acme dairy feed 76 75 3.90
K 7, dalrv feed 67.00 3.90
Acme H. A M 84.23 4.23
C. O. A B. chop 70.25 3.25
Acme stock feed 63.00 3.00
Acme farm feed 72.25 3,65
Cracked corn 67.23 3.40
Acme chick feed 72.50 3 65
Acme sera; h 09.50 5.50
E-Z scratch . 66.00 3.25
Acme dry mash 72.50 3.65
Acme hog feed 72.50 3.75
Acme barleycorn 83.25 4.20
Ground barley .1 66.()0 8.35
Ground oats 85.75 4.33
Ilomllk white 80.(5 4 10
Rolled barley 84.75 4 30
Alfalfa mol 9 o<7 3.00
Cotton seed meal 80.00 4.05
Kaffir cornmeal 63.75 3.25
GRAINS.
Shelled corn, small lot* $1.62
Shelled corn, large lots 1.61
Shelled corn, 2-bu. sacks 1.71
Oats, 3-bu. sacks 97
Oats, bulk, large 90
flats, less than 100 bu .91
Chicken wheat, cwt. sacked 5.00
CORN MEAL AND FLOUR.
Corn meal, cwt. net $ 4.20
EBake bakers' flour, 98 lb sacks. 12.75
NEW YORK METAL MARKET.
NEW YORK. Aug. s.—Copper—Dull;
snot to Sepel miter, offered 111.10 c. Lend—
Firm: spot and August, offered 9.20 c.
Spelter—Firm; spot and August. 7.05 c
bid; September to December, 7%c bid.
AMUBEMENTB.
PRODUCTIONS
MISCHLF-MAKERS
OPENS MONDAY MAT.
AUGUST 9th
8 BIG FEATURES
Continuous Every Day, *
Noon Till 11 p, m.
Ladies’ Bargain Matinee
Mon., Wed. and Fri,
I RIALTO
VAUDEVILLE—PICTURES
DOWNTOWN BEACH
THE COOL SPOT
Get In the Breeze
Enjoy the Show
MAHATMA
THE MASTER MIND
I Only Theater m the City Combin
| lng Vaudeville With Feature
Pictures.
TIMES WANT ADS FOR RESULTS
MOTtON PICTURES-
CONSTANCE
TALMADGE
iipiiyfisfte'i; in
The Perfect Wcman
Comedy
FOUR TIMES FOILED
FSyfil IQ ITQ 2nd Big Week
&■ In ULI UII W Delighting Thousands
THOMAS MEIGHAN
In Wm. C. DeMllle's Exquisite Production
“THE PRINCE CHAP”
sr^T
m jn BILLIE BURKE In
“Away Goes Prudence”
UNIVERSAL COMEDY. POX NEWS WEEKLY.
BROAD RIPPLE PARK
Special Attraction for Sunday, Aug. Bth
BALLOON ASCENSION
Double Parachute Drop, Prof. Grant C. Watkins
IMOVBNG PICTURES EACH NIGHT
Take a swim in the Bathing Beach, a ride on the
big boat and spend all of your holidays and out
ings at this popular resort.
Union Traction Company of Indiana
IVe tffer a limited amount, subject to sale
PETTIS DRY GOODS COMPANY
THE NEW YORK STORE
TAX EXEMPT 7% PREFERRED STOCK
SHARES SIOO.OO
Dividends payable February, May, August r..rid November Ist.
Maturity, February 1, 1945.
Free From Ail Local and the Normal Federal Income Tax
PRICE, 100 AND ACCRUED DIVIDEND
tsssszt BECKER & OVERMAN
Exchange. 1310 Merchants Bank Building.
-buy empire GAS AND FUEL C 9. newton
SELL 8 ° C 4155 I LEM t CKE BLDQ? rrwd TODD
We are pro- I HANC on farm and
pared to make city property
nrunc: r 1 ha vjl r’n tob-tis rieiener
A tli/Ss Vs* L/rm X V/W* Trust Building
MUK A i
MATS., WED., THURS. AND SAT., 2:30
7 vyRACHEt aavtws
mtmxconej*
iiooMY
WptC Eves., 50c, SI.OO, $1.50.
WC* Mats., 25c, 50c, 75c.
—NEXT WEEK—
“A VERY GOOD YOUNG MAS"
CONTINUOUS VAUDEVILLE
LYRIC I
All the Time—l Until 11 P. M. ||/
Marty Brooks Offers jpg
“SWEET 16”
A Riot of Mirth and Melody |Pf|
Seven Other Big Acts I

xml | txt