Indiana daily times. [volume], October 13, 1920, Last Home Edition, Page 13, Image 13

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

Image provided by: Indiana State Library

                
ISTOCK MARKET
TONE STEADY
3teel Common Slightly Off—
Mexican Petrol Up.
NEW YORK, Oet. 13.—The stock mar
ket showed a steady tone In the early
t.e&llngs today, chiefly consisting of the
operations of the room traders.
Some of them again turned their atten
tion to Reading, putting it up 1 point
to 90, while others were disposed to sell
the steel stocks. Steel common yielding
% to 86% and Baldwin Locomotive
dropped % to 111%.
Foreign selling of Royal Dutch con
tinued and that stock declined % to
75%.
Anaconda yielded % to 51 and then
advanced to 51%.
Coca-Cola sold off % to 2S%c.
Studebaker on small dealings yielded
%, to 54%.
Mexican Petroleum was well taken and
sold up 1 point, to 188.
United Fruit jumped 4 points, to 206.
Central Leather was again in supply,
falling nearly 1 point, to 39%.
After a show of strength In the early
forenoon the market turned reactionary
Again on the announcement of an 8 per
cent call money rate.
Baldwin after advancing to 113%, re
acted 1 point. Steel common held with
in 86% and 86%.
Mexican Petroleum rose 2% to 189%,
and then lost most of this gain.
Royal Dutch sold up to 78, but bad a
quick reaction to 76%.
The copper issues were under pressure.
Anaconda falling 1 point to 50% and
Inspiration selling off to 43%.
.. The market closed Irrcgaiar.
S6*toslng prices included: Vnited States
■teel, 87%, up %; Lackawanna. 61%, up
■%; Mexican Petroleum, 186%, off %;
pleading, 99%, up 1%; Southern Pacific,
99%, up %: Nickel Plate. 56, up 4;
American Locomotive, 06%. up 1%: Bald
win, 113, up 1; Pan American, 88%, off
%; United States Rubber, 79%. up 1%;
Anaconda, 50%, off %.
(By Thomson & McKinnon)
—Oct. 13—
There was nothing noteworthy in to
day’s market. We have had some irregu
larity as in previous sessions, but all
In all the market displayed a fair degree
of stability.
During the course of the day bank
ing conditions came 1% for some atten
tion because of the higner cates for call
funds, but since this is regarded as a
temporary affair, the effect was not per
ceptible.
Os greater interest was the new financ
ing by the Anaconda Copper .Company,
and this served the purpose of again
directing attention to the poor position
•£ the red metal.
There Is still a burdensome stock ex
istence, and there is no Indication of an
Improved demand.
In steel circles conditions are rather
mysterious.
Trade reviews are pessimistic in tone,
hut the big companies glTe no indication
•t weakening in the price.
But if we may judge from surface in
ications, there is vast room for improve
nent in the business.
The rails have given a good account
of themselves.
The recent reaction has been moderate
taHfetent and with any encouragement
nirough a better money market a higher
level would seem logical.
In industrials we anticipate some fur
ther temporary irregularity, though wc
see no reason for any renewed liquida
tion at this time.
TWENTY STOCKS AVERAGE.
NEW YORK. Oct. 13. —Twenty indus
trial stocks averaged 84.00, a decrease of
.42 per Tent. Twenty active rails aver
aged 83.31, a decrease of .19 per eent.
CLEARING HOUSE STATEMENT.
NEW YORK, Oet. 13. — Subtreasury
debits. $503,130; exchange, $1,027,111,155’;
balances, $94,250,673.
Money and Exchange
■ Indianapolis bank clearings todav were
■ $4,149,000, against *3,293.(X!0 a week ago.
I NEW YORK, Oct. 13. —Foreign ei
■ change opening today was for the most
■ part lower. Demand sterling. s3.ißVj;
■francs, .0657; lire. .0396, and marks. .0150.
Demand sterling near the close was
at $3.48 T k ; franc*. .0657; lire r.e
sJR nnd. .0396; cables. .0397: marks, .0143.
■ .(I Canadian dollars. .9050.
■ NEW YORK, Oci. 13.—<'nruniercial bar
Domestic unchanged at 99’4c;
BTo.-figß. 4c higher at .87c.
■ LONDON. Oct. 13.—Bar silver was 2lid
■ngher today at OflC^d.
ifj MOTOR SECLRITTES.
■ (By Thomson & McKinnon.)
■ —Oct. 13— ‘
■ —Opening—
Bid. Ask.
■racoe 18 20
■Chalmers com 1% 2)4
■Packard com 12 L, 1514
Packard pfd 79 " -81
Chevrolet 250 500
Peerless 3014 32^4
Continental Motors com y 7 ” 744
Continental Motors pfd 95 97
Hupp com 13*4 14'4
Hupp pfd 90 101
Keo Motor Car 2114 21 •'•4
Elgin Motors Sk* BV4
Grant Motors 344 444
Ford of Canada 295 30-5
Cnited Motors 30 45
National Motors 8 1014
Federal Truck 24 26
Paige Motors 17V4 20
Hep- blic Truck 31)4 32)4
ACTIVE OIE STOCKS.
(By Thomson & McKinnon
—Oct. 13—
—Opening—
Bid. Ask.
Ando Amer'can Oil 21Vi 22 1 *
Atlantic Refining 1050 1125
Borne-Scrvmser 41* 425
Buckeye Pipe Line 89 91
* -o ough Mfg. Co-ns 200 220
Cehesebrough Mfg. Cons. pf. 100 105
Contieentai Oil, Colorado... 95 105
Cosden Oil and Gas.. 7*4 7V4
Crescent Pipe Line 30 32
Cumberland Pipe Line 138 144
14k Oasiii l‘ete 8% 8)4
Eureka Pipe Line 115 120
Galena-Signal Oil, pfd., new. 86 90
Galena-signal il, com 43 46
Illinois Pipe Line 160 165
Indiana Pipe Line 90 93'
Merritt Oil 14 14)4
jiiirt-est Oil 1 I*4
Slowest Refining 147 149
National Transit 33 31
New York Transit 170 180
Northern Pipe Line 99 102
uhio Oil 297 303'
I’enn.-Mex 49 52
Prairie Oil and Gas 645 555
Prairie Pipe Line 220 225
Sapulpa Refining 5% 5)3
So.ar Refining 390 410
Southern Pipe Line... 119. 223
South Penn Oil 268 272
Southwest Penn Pipe Lines. 63 67
Standard Oil Cos. of Cal 315 318
Standard OH Cos. of 1nd.... C 95 700
Standard Oil Cos. of Kan... 515 .535
Standard Oil Cos. of Ky.... 385 400
Standard OH Cos. of Neb 4:40 440
Standard Oil Cos. of N. Y.... 372 376
S ten Hard Oil Cos. of 0hi0... 400 420
Swan & Finch 60 70
I nlon Tank Line 113 118
Vacuum Oil 348 353
Washington Oil 30 - 35
NEW YORK METAX, MARKET.
NEW YORK, Oct. 13.—Copper weak;
spot, October, November, December and
January offered at 17)4c. Lead dull;
6pot, October, November and December
offered at 7.70 c. Spelter weak; spot
and October offered at 7.30 c; November
offered at 7.35 c; December and January
offered at 7.40 c.
NEW YORK CALL MONEY’.
NEW YORK, Oct. 13,-Money: Call
money ruled 8 per cent; high, 10 per
ent; low, 8 per cent. Time rate* *teady,
all 8 per cent. Time mercantile paper
wag steady. Sterling exchange was
W*#6iy, with business in bankers' bills at
$3.49% for demand.
CHICAGO STOCKS.
(By Thomson & McKinnon)
—Oct. 13-
Open. High. Low. Close.
Carbide •& Car. 60 6!) 59% 59%
Libby 12
Montg-Ward. ... 26% 26% 28% 28%
National Lea.... 9% 9*,* 9% *9%
Sears-Roebuck .116% 116% 115% 116
K Warner. 31 31 20% 30%
C0.,..108 108 105% 105%
t 29% 30 429% 29%
*"■■■ ■
Local Stock Exchange
Oct. IS—
STOCKS.
Ind. Ry. & Light, com 55
Ind. Ry. & Light pfd 95
Indpls. & Northwest, pfd 75
Indpls. & Southeast., pfd 75
indpls. St. Ry 61 63
T. H„ T. & L 62
T. H., I. & E„ com 1% 6
T. H., I. & E., pfd. 9% 16
U. T. of Ind., com 1
U. T. of Ind., Ist pfd. . ... 10
U- T. of Ind., 2d pfd. 2
Miscellaneous—
Advance-Rumley, com •••
Advance-Rumley, pfd ...
Amer. Central Life 235
Amer. Creosoting, com 93 ...
Belt Railroad, com 65 75
Belt Railroad, pfd 47% ...
Century Building, pfd 95
Cities Service com 53
Cities Service, pfd 66
Citizens Gas 33 35%
Dodge Mfg., pfd 91% ...
Home Brewing 55 ...
Indiana Hotel com 64
Indiana Hotel, pfd 90
Indiana National Life 4% ...
Ind. Title Guaranty 59 71
Indiana Pipe Line •••
indpls. Abattoir, pfd 46 51
Indianapolis Gas 45% 50
Indpls. Tel., com S ...
Indpls. Tel , pfd 88
Mer. Pub. Util., pfd 51
National Motor 7 11
Public Savings 2% ...
Rauh Fertilizer, pfd 43 ...
Standard Oil of Indiana.... 695
Sterling Fire Insurance 8
Van Camp Udw., pfd 95
Van Camp Pack., Ist pfd.... 90
Van Camp Prod., Ist pfd. ... 95
Van Camp Prod., 2d pfd. ... 95
Vandalia Coal, com 5
Vandalia Coal, pfd , 10
Wabash Ry., com 12 ...
Wabash Ry., pfd
Banks and Trust Companies—
Aetna Trust 100 ...*
Bankers Trust 118
City Trust 82
Commercial Natlonnl 65
Continental Natl. Bauk 112
Farmers Trust 200
Fidelity Trust 120
Fletcher Amer. National.... 256 ....
Fletcher Sav. & Trust 163 ...
Indiana National 285 290
Indiana Trust 194
Live Stock Exchange 450 ...
Merchants National 279 ...
National City 112
People s State 1 176
Security Trust 120
State barings and Trust 91
Union Trust J 340 370
Wash. Bank and Trust ISO
BONDS.
Broad Ripple 5s 52
Citizens St. Ry. 35.. 74 7#
Ind. Coke A- Gas Cos. 6s 87
Indian Creek Coal ic Min... 98
ladpls. & Colnm. South. 55.. 88 ...
Indpls. A Greenfield 5s 90
Indpls. & Martinsville 55.... 53% ...
Indpls, & North. 5s 40 45
Indpls. & Northwest. 5s 58 ...
Indpls. & Southeastern 45 ...
Indpls., Shelby & S. E. 55.. 80 ...
indpls. St. Ry. 4s 60 70
Indpls. Trsc. A Term. 65.... 71
Kokomo, Marlon & Western 80 86
Union Trac. of Ind. 6s 61% ...
Citizens Gas Cos 75% 79
Ind. Hotel 2d 6s 96% 100%
Indpls. Gas 5s 93 75
Indpls. L. A H .' 76 85
Indpls. Water 4%s 71 SO
Ind,.'s Water 5s 88 92
M. H. A L. ref. 5s 87 90
New Tel. Ist 6s 94
New Tel. Long Dlst. 5a 93% ...
South. Ind. Power 6s 86 ...
In the Cotton Markets
NEW YORK, Oct. 13.—Weakness was
again the feature in the cotton market at
j the opening today, first price* showing a
decline of 10 to 47 points.
The selling, which was quite general
and led by the South and Wall street, re
flected continued fine weather in the belt
over the holiday's weak cables from
Liverpool, due to hedge selling and fur
ther unsatisfactory advices from drygoods
and mill centers.
A steady absorption of contracts by the
trade after the start, checked the decline
and at the end of the first twenty min
utes, the undertone was steady, prices
showing a net decline of only about 15
points.
New York cotton opening—October,
22.50 c bid; Decemlter, 20.4oo; January,
19.85 c; March, 19.50 c; May. 19.35 c; June,
19.10 c bid; July, 19.05 c; August. 18.99 c.
Short covering on a more active scale
carried prices up about 40 points from
the low in the late afternoon, but the
recovery was poorly held and final prices
showed neClosses of from 19 to 42 points.
New l'ork Cotton Range—
Open. High. Low. Close.
October 21.50 21.75 21.00 21.43
December ... 20.40 20.48 20.05 20.37
January 19,55 19.95 19.43 19.68
March 19.35 19.60 19.19 19.45
May 19230 19.40 19.03 19.34
July 19.05 19.15 18.80 19.10
COTTON HITS NEW LOW.
NEW YORK, Oct. 13.—Cotton futures
dropped to the lowest figures since 1917
on the cotton exchange here today. All
prices were below 20 cents. The last
I price quoted on spot cotton was 23 cents
Monday. Tl top price for spot cotton
was 43%c quoted in June of this year.
The price has declined ever since that
, date.
NEW ORLEANS, Oct. 13.—Cotton fu
tures opened easier, unchanged to 34
points lower and on some covering orders
advanced 3 to 25 points. Lower cables
favorable weather and heavy RP ui nK eagt
and here started another decline and
prices dropped 5 to 32 below opening
levels. '
The close was easy, net 19 to 34 points
lower.
Open. High. Low. Close
October 20.30 20.30 19 98 20 00
(December.... 19.40 10.65 19 Jo
January 192J5 19.36 18.92 1929
March 19.10 19.21 18.88 19.04
May.... 18.85 18.97 18.50 18.85
July 18.60 18.80 18.35 18.54
LIVERPOOL, Oct. 13.—Spots opened in
small demand. Prices were easier. Sales
totaled 3,000 bales American middlings
fair. 21.77d; good middlings, 10.02d; fully
middlings, 17.77d ; middlings. 14.27d ; low,
14.72d; good ordinary, 9.27d; ordinary,
8.27d. Futures were irregular.
NEW YORK CURB.
(By Thomson & McKinnon)
—Oct. 13-
Bid. Ask.
Curtis Aero, com 4 7
Curtis Aero, pfd....... 20 -40
Texas Chief 10 12
S.ib Boat 11 11%
First National Copper ’ % iy.
Goldfield Con 7 9
Havana Tobacco 1 1%
Havana Tobacco pfd 4 8
Cent. Teresa 4% 5%
Jumbo Extension 6 7
International Petroleum 15% 16
Nipissing 8% 9
Indian Pbg 4 4%
Royal Baking Powder 110 119
Royal Baking Powder pfd.. 82 84
standard Motors 6% 74
salt Creek 29 30
Tonopah Extension 1% 1%
Tonopah Mining 1% 1%
United P. S. new 1% 2%
V. S. Light and Heat 1% 2
U. S. Light and Heat pfd 1 :?
YY’right-Martin 4 7
World Film % %
Yukon Gold Mine Cos 1% 114
Jerome y.
New Cornelia 17 19
United Verde 30 32
Sequoyah % cz
Omar Oil 2% 3%
Rep. Tire 1% 2%
NEW YORK LIBERTY BONDS.
—Oct. 13— Prev.
High. Low. Close. Close.
Liberty 3%s . 92.24 92.09 90.24 91.90
Second 4s ... 89.10 88.90 89.10 88.80
First 4%s ... 89.96 89.40 89.56 89.98
Second 4%s .. 80.50 89.00 89.16 89 04
Third 4%s .. 90.90 90.56 90.64 90.50
Fourth 4%s .. 89.48 88.98 89.26 86.89
Victory 3%* . 96.24 96.10 96.10 96.24
YTctory 4%s . 96.28 96.04 96.12 96.24
CLEVELAND PRODUCE.
CLEY’ELAND. Ohio, Oct. 13.—Rutter—
Extra tub lots. 64@64%c; print*, 65@
65%c; extra firsts, 63<g3%c; firsts, 62<S;
62%c; seconds, 57®@58c. Eggs—Ohio
firsts, new cases, 61c; old cases, 60c;
tresh gathered northern extras, 65c; exira
firsts, 60c; western cases, firsts. Silo, case
contains .30 dozen. PouLry—Good heavy
fowls, 33<&34c; light stock, 25@28c;
broilers, 28<g;32c; old roosters, 23@24c;
spring ducks. 30@35c.
HOG MARKET
STILL DECLINES
Cattle Trading Demoralized—
Calves Off $1 to $2.
RANGE OF HOG PRICES.
Good Good Good
OcL Mixed. Heavy Light.
6.it5.70@15.80 $16.00@16.25 $15.6015.70
7. 16.00 16.15 16.15 (h* 16.35 16.86 16.00
t. 16.25@16.35 16.35@16.r>0 1.00@16.16
9. 16.25 @ 16.35 16.85 @ 16.50 15.85@35.00
11 16 10@16.25 16.25 @ 16.35 16.00@>16.10
12. 16.00&16.15 16.00 @16.26 15.95@16.10
13. 15.75 @ 15.85 15.90016.00 15.60@15.75
There was a resumption o{.Abe decline
in prices of hogs on the local market
today, when the market opened 2oc to
35c lower on heavy receipts and a poor
sentiment.
Trading for the first hour was active,
during which time the locnl packers and
shippers were supplying their orders out
of the 7,000 fresh hogs ,and 1,500 that
was left over from the Tuesday market,
but after the first hour trading was
much more quiet. .
Indications toward the end of the fore
noon trading were that there would be
a heavy clearance unless some unforseen
net was set in motion which would cause
brisk trading. .
Skippers took their usual quota and
the local packers were active, but there
was an over-supply.
Kingau & Cos. took around 2500 hogs,
and Armour bought around 1,000.
Trading on the pig market was dull.
Good heavy hogs generally brought
$15.90@16. while there were few if any
hogs sold above the $lO mark. _
Good medium stuff brought $15.3@
15.55, and lights. $15.50® 15..5. with the
bulk of light stuff bringing around $153(0.
Armour bought the bulk of tko.r 1,000
hogs at $15.60.
Both pigs and roughs were lower with
roughs generally selling at
few at $14.25, and pigs at $14@14.50,
with the bulk selling around $14.25.
The bulk of sales for the trading ran
close to $15.00(5.15.75;
With heavy receipts at 1.000 fresh cattle
and 500 left over fro* the Tuesday mar
ket, trading on the cattle market was
demoralized today, commission men said.
With the exception of perhaps n lot now
and then of some fancy cattle, the prices
were fully 50 to 75 ebnts lower than the
prices ou the close of last week's trad-
However, commission men say that they
are of the opinion that trading will take
on a better tone in a week when the
Southern and Western cattle are worked
off the markets and higher prices will
prevail.
There was c weak tone to the calf
market today from the very opening,
with price* fully $1%2 lower on an over
supply and light orders.
The heavy type of most of tb* esives
on the market was also another factor
in cauaing lower prices.
For the last few days there has been
a run of this grade of calves.
The top for the trading of the fore
noon was $lB. with the bulk of the good
to choice calves at $16@17.5fi.
Some of the heavy grades of calves
sold a* low as $4.
Receipts for the day approximated 800.
With 700 sheep end lamns on the mar.
ket. sheep were steady at $4<94.50 and
lamb* were steady to 50c higher with a
sll top.
HOGS.
Best light hogs, 160 to 200 lbs
average $15,504^15.7.5
200 to 300 lbs average 150<b. 16.00
O'er 300 lb# 15 00djl5.ro
Sows 1,3.75^14.2.5
Bc*t pigs, under 140 lbs 14.00%i |,50
Bulk of sales 15.8fx815.15
CATTLE.
Prime cornfed steers, 1.300 lbs
and up 16.501317.23
Good to choice steers, 1,200 to
1,300 lb# ....’ 14.00<316.30
Good to choice steers, 1,100 to
1,200 lbs 11.00@14.00
Good to choice steers, 1.000 to
1.100 lb* ’J.SC'g 13.00
Common to medium steers,
9(j to 1.000 lbs 8.00(310.50
Heifers and Cows—
Good to choice heifers IO.OO^Ifi.SO
Medium heifers 8.50 % 9.00
Comon to medium heifers.... 6-00;p 7.70
Choice cow# 8.30(310.30
Good to choice cow* 7.W'i 7.50
Fair to medium cow* 3.50(3% 6 50
Canners ■‘i..V , dt 4.-50
Cutters 4.50 Ti 7.50
Bulls—
Good to choice butcher bulls . 7.50 ft 900
Bologna
Light common bulls 4.so<£t. 6.9®'
—Calves—
Choice veals 16.00(817.50
Good veals 14.50%16.f10
Medium vea's 10 00fitl3 56
Light weight veal* 6.00@ 9.00
—Stockers and Feeders—
Good to choice steers, WO lbs
and up 9.00(310.00
Good to choice steers, under
80) lbs 7.30® 8.00
Medium to good cows 5 Of*<a 5.50
Good cows 5.50% 6.00
Good belfers 6.50® 7.50
Medium to good heifers 6.76(3 7.00
Good milkers BOOOOt 123.00
Medium milkers .60.00(f). 100.00
Stock calves, 250 to 450 lbs... 7.00@ 9.00
SHEEP AND LAMBS.
Good to choice sheep 4.000 4 50
Fair to common 3.00@ 4 00
Bucks 3.00® 4.00
—Lambs—
Comon to choice yearlings... 4 00® 5.00
Spring iambs 6.00@11.00
Other Lice Stock
/
CHICAGO, Oct. 13.—Hogs—Receipts
l”' 1 li! -ket 15c to 2V Milk. 314 25
@15.75; butchers, $14.75@15.75; packers,
”■<>: Hunts, sl4" ~(,11.5 85; plga,
$14.25(015.40; roughs, $13.85® 14.15. Cat
tie—Receipts, 12.000; market. low;
beeves, $8.25@18.10; butcheis $6@13.2.5;
canners and cutters. *3.75@8.75; stock- .
ers and feeders, $7.60@11.75; cows, $0.25,
@11; calves, $13.50@16.5<>. Sheen— Re
ceipts, 22,000; market steady; lambs,
*7.30y/13.20; ewes, $2.20@ 12.1,0.
CINCINNATI, Oct. 13.—Hogs—Receipts, !
4.000; market, strong to 50c higher!
heavy and mixed, sl6 25; mediums, $15.75:
@16.25; lights, $15.25; pigs. sl3; roughs.;
sls; stags, sll. Cattle—Receipts, 700;
market, slow, steady; bulls, dull; calves,
sl9. Sheep and luiubs—Receipts, 600;
market, steady; sueep, f1.50@5.50; lambs,
s6@l3.
CLEVELAND, Oct. 13.—Hogs--Re
ceipts, 2,500; market steady, 10c up;
yorkers .$16.50: mixed, $16.50@16.60; me
dium, $16.50@ 16.60; pigs, sl6; roughs,
$14.35; stags, $0.50. Cattle—Receipts,
500; market slow, dull. Sheep and lambs
Receipts, 000; market slow, dull; top,
sl2. Calves—Receipts, 500; market 50c
lower; top, SIB.OO.
EAST BUFFALO, Oct. Kl.-r-Caltle Re
ceipts. 675; market slow and weak;
shipping steers, $15(1x17; butcher's grade,
$10@14; cows, $£!.50@9.50. Calves—Re
ceipts, 500; market active and steady;
culls, choice. so@lo. Sheep and lambs—
Receipts, 2,600; market slow and steady;
choice lambs, $12d50@13; culls, fair, sß@
12; yearlings, sß@i); Sheep, $5@7.50.
Hogs—Receipts, 800; market active;
yorkers. $1<.25; pigs, $16.75; mixed,
$17.25; heavies, $17.25® 17.35; roughs, sl2
@l4; stags, s9@ll.
EAST ST. LOUIS, 111., Oct. 13.—Cattle
—Receipts, 4,000; market, slow; native
beef steers, $15.73@16.50- yearling beef
steers "and heifers, $15.50@r16.50; cows. $0
@l2; Stockers and feeders, $6@9.50;
calves, $16.75@17.80; can nets and cutters,
$3.50@6. Hogs—Receipts, 2,000; market,
25@40e higher; mixed and butchers.
$15.60® 16.90; good heavies, $15.50@16;
rough heavies. $13@14.25; lights, $15.60®
16.10; pigs, $13.75@15.25; bulk of sales,
$15.6!>@16. Sheep—Receipts, 2,200; mar
ket. steady; ewes, ss@6; lambs, sll®
11.75; canners and cutters, $1@4.50.
PITTSBURGH, Oct. 13.-Oftttlc—Re
ceipts light, market steady; choice, sl4
@14.50; good, $11.50® 12.50; fair, $11.25@
12.25; veal calves, slß@l9. Sheep and
lambs—Receipts light, market lower;
prime -wethers, $7.50@7 75; good, $6.75
@7.25; fair mixed, $5.75@6.25; spring
lambs, $12.75@ 13.25. Hogs—Receipts. 15
doubles: market very dull; prime heavies,
$16.50® 16.75; mediums, $1H.50@16.75;
heavy yorkers, 510.50@16.75: light york
ers, $16@13.25; pigs. $16@16.25; roughs,
$13@15; stags, $8@9.50.
WHOLESALE BEEF PRICES.
The following are today's wholesale
prices for beef cuts as sold by the In
dianapolis markets:
Ribs—No. 2,37 c; No. 3,24 c. Loins—
No. 2,27 c; No. 3,23 c. Rounds—No. 2,
25c; No. 3,23 c. Chucks—No. 2. 16c; No.
iUmi
INDIANA DAILY TIMES, WEDNESDAY, OCTOBER 13,1920.
GRAIN MARKET
CLOSES STRONG
Market Opened Weak, Due to
Large Selling Orders.
CHICAGO, Oct. 13.—After opening
weak grain prices on the Chicago Board
of Trade showed marked advances in
trading today and hit quotations were
higher at the close.
The drop at the opening was due to
large selling orders by commission
houses.
As soon as these were carried out
strong buying power came into the mar
ket.
Provisions were higher.
December wheat opened off l%c at
SW)6, but closed up 3%e. March wheat
was off l%e at the opening, $2.02, but
advanced 3%c at the- close.
December com was off %e at the open
ing, at 86%c, but closed up %e. May
corn opened unchanged at 90%c, closing
up %c.
December oats opened off %c at 56c,
later gaining %c. May oats was off %c
at the opening, 60%c. and closed up %c.
(By Thomson A. McKinnon.)
-—Oct. 13—
Wheat—The attitude of the Federal
Reserve Board was responsible for th
easy tone in the early wheat market. It
developed that a fair amount of cash
wheat had been taken by the seaboard
apparently against previous sales abroad.
This strengthened the market, inducing
considerable short covering. Advices from
the Southwest as to the offering of old
wheat by the country' were conflicting.
It is to be noted, however, that wheat
for shipment via the gulf was quoted
at 23c over the December as against 24c
early in the week and 29c uoiue time
since, it is stated thut about 20 per cent
of the North Dakota crop has been mar
keted, against a usual 30 per cent on Oet.
1. This is simply confirmation of the
many previous items telling of dissatis
faction with the prices on the part of
the farmer. The withholding of wheat
in no way increases the demand. Neither
does It affect the ultimate supply. Apro
pos of the attitude of the producer, it is
well to remember that when corn wps
around $1.50 the offerings from the coun
try were distinctly limited, but after
prices hud declined to $1 am! under the
movement was materially in. Teased. Best
obtainable estimates show world’s sup
plies larger than requirements, from
which basis it may be argued that prices
cannot be permanently advanced.
Corn—On the theory that the recent
severe decline la corn price* had been
overdone there was a rather broad
buying power in today's market. It is
to be noted, however, that prices have
scored only a moderate advance and the
cash situation is in no way changed
except that there Is a modest better
ment of the eastern demand for deferred
shipment. October delivery, which, of
course, represents old corn, closes to
night at a discount under the Decem
ber, a fact which should not be for
gotten. The total yields of all feeds
and the wonderful pasturage, even at this
date, together with a deereaso in toe
number of farm animals, ait argue for
ultimately lower prtees.
Oats—There has been free buying of
December oats by one bouse with east
ern connection Otherwise tho demand
was local in the way of nhort corer
ing. There is no evidence of any for
e<u:, outlet for the surplus, and such
eastern demand as exist* i* being sup
plied from interior markets.
Provisions-—Further export trade In
lard is reported ; beyond this the demand
for product* is slow. Hoga see ex
pected to rule lower.
UIUCAGO grain.
—Oct. 13-
WHEAT— Open. High. Low. Close.
Dec 2 06 2 12 2 05 2 09%
March... 202 2.07 2.09 % 2.00%
CORN—
Dec 86% *7% 83% 87
May 90% 9t% 89% 91
OATS—
Dec 56 .56% 55% -56%
May 60% 61% 60% 00%
PORK—
•Get 23-09
•N0v.... £5.00
LARD—
Oct 19.62 19 77 19.55 19.77
Nov 19.12 19.33 19 10 19 30
RIBS—
Oct 17.C0 17.03 16.50 17.00
•Nov 13.10
•Opened nominal.
TOLEDO CASH GRAIN.
TOLEDO. Oct. 13. Close Wheat -
Cash. fc.2i%; December. $2.28 Corn—No.
2 yellow. sl. Oats No 2 white, 99%@
•yte Burley—No. 2. 9i'v Cloviwseed •
Cash. $13.40: October, $13.95; December,
sl4: February. $14.20; March, sl4 03; Jan
uary, $14.13. Timothy—Cash (I'JIS and
1919,, *3.1.5; October, $3 20; DecenU>*r,
$3,25; March. $3.40. AlMke Cash. $10.73:
October, $17.30; December, SIT; March,
$17.10.
PRIMARY’ MARKETS.
(Ry Thomson & McKinnon.)
—Oct. 13-
Wheat. Corn. Oats.
Chicago 40,W0 379.000 2U.<*X>
Milwaukee ... SO.OOb 81.000 113000
Minneapolis. 1,208.000 16.000 207,000
Duluth 1,013.000
St Louis 287.000 132.000 13600
Toledo 27.000 5,000 37.000
Detroit 20,000 7,000 19.000
Kansas City. 44,5.0n0 6.000 73 000
Peoria 18.000 79,<*Ki 49 <•>
Omaha 287.000 63.000 218,000
Indianapolis. 21,0*0 146,000 02.000
Tota's 3,396.000 729 000 1,229 000
Year ugo.. 1.96H.0X) 706,000 1,352,000
—Shipments—
YVheat. Corfi. Oats.
Chicago in, no .’,97.000 08 050
Milwaukee.... 0.000 7,000 i.’i.OOO
Minneapolis.. 397.000 14.000 160,000
Duluth 240.000
8t Louis 88,000 31,000 43,(00
Toledo 7,000 13.000
Detroit 8,000
Kuna is City. 317.000 8.000 29.000
Peoria 15.000 40.1KK) 48,909
Omaha 186.000 NiO.OOO 82 0(8>
Indianapolis.. 1,000 17.000 12,000
Totals 1,306,000 746,001) 634,000
Year ago... 1.496,000 443,000 745,000
—Clearances—
Domes. YV. Corn. Oats.
New Y'ork. .. 49,<*)0
Philadelphia.. 24,000
Baltimore ... 176.000
New Orleans.. 183,000
Totals .... 1.032,000
Year ago... 258,000
INDIANAPOLIS CASH GRAIN.
—Oct. 13-
Blds for car lot* of grain and hay at
the call of the Indianapolis Board cf
•Trade were:
Wheat —Strong; through billed, track,
milling, No. 2 red, $2.30@2.:i1ty,
Corn Steady; No. 3 white, 99$@$1; No.
3 yellow, 94@90c.
Oats—Firm; No. 2 white, 55 , 'i@57%c;
No. 3 white, 55%@56%c.
Hay—Easy; No. 1 t motby. $27@27 50;
No. 2 timothy, ?20@26.50; No. 1 light
clover mixed, $25.50@26; No. 1 clover
mixed, $24®25.
—lnspections—
’ Wheat—No. 1 red, 3 ears; No. 2 red,
13 cars; No. 3 red. 3 cars; No. 1 hard,
2 ears; No. 1 mixed. 2 cars; No. 2 mixed,
2 cars; sample, 1 car; total, 16 cars.
Corn—No. 2 white, 53 cars; No. 3 white,
3 cars; No. 4 white, 2 ears; No. 5 white,
1 car; No. 0 white, 1 car; No. 2 yellow,
30 cars; No. 3 yellow. 2 cars; No. 4 yel
low, 2 cars; No. 2 mixed, 3 cars; No. 3
mixed, 2 ears; total, 102 cars /
Oats —No. 1 white, 1 car; No. 2 white.
30 curs; No. 3 white, 4 cars; No. 4 white,
2 cars; sample white, 2 cars; No. 2 mixed,
2 oars; total, 11 cars.
Rye—No. 1, 1 car; No. 2, 2 cars; No. 4,
1 car; total, 4 cars.
Hay—No. 3 timothy. 1 car: No. 2 clo
ver mixed, 1 car; total, 2 cars.
HAY MARKET.
The following are the Indianapolis
prices for hay by the wagon load:
Hay—Loose timothy, new, $27@30;
mixed hay, new, $2(5@28; baled, $27@28,
Corn—Bushel, $1.25@1.40.
Oats—Bushel, new, 55@57e.
WAGON WHEAT.
Indianapolis flour mills today are pay
ing $2 for No. 1 red wheat, $1.97 for No.
2 red wheat, and $1.94 for Nj>. 3 red.
Other grades according to their quality.
CANCELLATION OF CHARGES O F.
WASHINGTON, Oct. 13— Fropolfed
cancellation of charges for loading and
unloading live stack at the Union StocJ:
Yards in Chicago tdday was suspended
Commor.-e Commit
Asks Abolishment
of Trade Commission
' ■
MINNEAPOLIS, Oct. 13.—Grain deal
ers of the country here today asked re
peal of the law creating the Federal
Trade Commission.
Dr. R. A. McGill, secretary of the
Winnipeg Grain Association, said the
importation of Canadian wheat is not
the cause of lowering wheat prices in the
United States.
“A wave of price reduction is sweep
ing the world,” he saftf. "This was the
cause of the slump in wheat prices.
“It was not due to importation of
Canadian wheat.
"Canada is not shipping cotton or
Fords to the United St&tes yet.
“Prices on those articles have slumped,”
he added.
Resolutions adopted at the closing ses
sion of the convention scored radicalism,
class legislation class prejudice.
The resolution recommended “con
servative thought in business.”
On Commission Bow
TODAY’S PRICES.
Sweet Apple Cider —Per gal.* $1; half
gal., 60c.
Apples—Barrel, s6@B.
Beaus—Navy la bags, per lb, G%@7c;
California limas, in sacks, ll(fil2e; Colo
i rado pintos, in bags, per pound, B@B%c;
red kidneys, in bags, per lb, l’7%('jlßc:
I Ualifoornia pink chili, in bags, per lb,
|S%SsB%c; lintels, per ib, 13c; California
! red chill, in bags, per lb, 8%<38%c.
Beets—Fancy liome-growu, per bu,
' $1.50.
Cabbags—Home-grown, per lb, 2e.
Beaus—Fancy home-grown, per bu, $2
: @2.25.
C'autaloupes—Honey Dews, per crate,
. W.
• Carrots—Fancy, home-grown, per bu,
: *1.60.
j Celery—Fancy High Ball, per crate,
; $1.75(52.
Cucumbers—Fancy home-grown, per
! doz. $1.75(51.85.
Grapes—California Haiogas and To
kays, per 23-Ib. crate, $2.75<t£3; Call-;
fornla Amperors, per 25-lb. crate, s3@
I J. 20.
Egg Plant Fancy home-grown, per
! doz, $1.25(41.40.
Grapefruit—Fancy Isle of Pine, per
box. $7.25(57.50.
Lemons—Extra fancy California Bun
kist. per tox, $4.75@5 23.
Lettuce—Fancy home-grown leaf, pet
-lb. 85c; fancy home-grown endive, per
, (los, 40c; fancy home-grown head lettuce, j
per bu, *165; fancy Washington Iceberg,
per crate, $7.50.
Onions—Fancy home-grown, yellow,
per 100-lb. bag, $1.9032.30; fancy West- j
rn. yellow, per 100-lb bag, $3; extra 1
fancy Indiana, white, per 100-lb bag,
>2.75@3; fancy Spanish, per crate, 52.5 C, ;
luncy pickling, per 20-16 b->x. $1.50.
Grange*—Extra fancy California Vaien- ,
cits, per crate, s<l7s@9.
Peaches—New York Alberts* per bu ,
$2.7533.50; Michigan and Ohio Gold
Drop* and Lemon Frees, per bu., $1.25
@2.50.
Parsley—Fancy home grown, per doz,
25c.
Prunes—Faney Idaho Italian, per crate,
$2.25<92.75; 16-lb box, s!.s<.
Pears All kinds, 11.5033 per bu.
Radishes—Button home-grown, per do*,
25c; fancy long, per doz. 25c; fancy
Michigan, round nhltes, per 150-lb bag.
$5.7333.90.
Sweet Potatoes—Fancy Vlrgir.it Red j
Stars, bbl, $5; per hamper, $1.30411,85.
Spinach—Fancy home-grown, per bu,
$1.25.
Squash Summer, per bu, $1.75.
Tomatoes—Fancy bome-gtowu, per bu,
$1.50(82.
Turnips—Fancy home-grown, new, per
bu, Sl.TOlfi.
WHOLESALE rBODICE.
Eggs—FrcaU, loss off. 58c-.
Poultry- Fowls, iC&dvc; broilers, l%<y
2 lbs, 33c; broilers. I-egbnrn, 26c;
rocks, tfic; otd tom turkeys, 33c; young
tom iurk“y, 12 Ibu and up. 4tle; young
hen turkeys, 8 lbs and up. 40e; cull thin
turkeys not wanted; darks, 4 lbs and
tip, irae; ducks, under 4 lbs. 29c; geese.
10 lbs and up, 20c: young geese. 22c:
squab*, it lbs to dosco, $6; guinea*. 2
lbs per doz, ?!>.
Butter —Buyers are paying COdifllc for
creamery butter delivered at indtanapo
ll*.
Butterfat —Buyers are paring 89f£60e
for cream delivered at Indianapolis.
Cheese (jobber* selling prices! Brick,
.Tiipic; New York rr-uui. :!2c; Wiscon
sin full cream, r.iifl.tle; longhorn*, 31W
33c; limbtirger, 326*3.1c; Swiss, domestic.
80c; imported, sl<ST.<.
mu ago I'Kom rr.
CHICAGO, Oct. 18.— Butter - Creamery
extra*, 55c; creamery first. 32%c; first.
45( 53c ; seconds, 40$|43c. Eggs—Ordi
naries. 495f55c; first*. 57*t358V. Cheese
Twins. 22%c; young Americas, 25% e.
I .Ire poultry—Fowls. 18Q24C ; ducks, 25c:
geese, 23e; spring chickens. 23%e;
turkeys, 49c. roosters, 19c, Potatoes—Re
ivlpts, 116 csrs; Wisconsin and Minncso
to, $1.65(3150
Marriage Licenses
Denis Uolsman. 432 Toledo st 24
Bertha Hurte, 611 Ogden st 20
Thomas Holbcrt, Bloomington, ind.... 40
Lola Nicholas, Bloomington, Jnd 20
Fred Nichols. 977 W. 27th st 31
Florence Ness, 977 W. 27th st 59
Glen Andrews, 843 W. 271a st 23
Marjorie Conlin. 829 K. East st 18
Leonard Smith. Norwalk. Ohio 26
Edna Beeler. 4415 Er.st Michigan st.. 20
"Henry Mammon, Clay City, Ky 24
Pearl Phillips, Clay City, Ky 24
Walker Brown, 919 Redmond st 51
Florence Bennett, 626 W. 121 U st 42
Elmer Spenner, 2932 Shrlver five 26
Florence Harmon, 2275 N. Illinois *t.. 23
Meyer Jacobs, 2935 ltuckle st 26
Minnie Olennlsh, 593 Bright st 22;
William Waeuber. Asbvllle, N. C 28
Terrena Chance, Carrollton, Ky 2u
Robert I! hoiles, 005 ITet jher are 2S
Florence McOuley, 1271 East Pratt st.. 18
Births
Scott, and Emma Dickerson, 523 W. j
Forty-First, boy.
William and Lucille Cowherd, 920 Col- j
ton, girl.
Warren and Marie Sparks, 4143 Grace- j
land. girl.
Herman and Grace Rugensteln, 125 W. j
Fourteenth, girl.
William and Myrtlo Rice, 1330 Tremont, j
boy.
James and Eliza Wiggarn, 135 W. j
Twenty-Seventh, boy.
William and Ethel Summers, 147 S. |
Oriental, boy.
Johnathan and Anna Smith, 815 N. La j
Salle, girl.
Albert and Eleanor Ogden, 618 Alton, j
girl.
Charles and Edna Ogle, 729 W. Thirty- j
Second, girl.
Clarence and Irene Feasey, Methodist |
Hospital, girl.
Chester and Stella Holmes, .Methodist
Hospital, girl.
John and Efflo Wooden, 339 Agnes,
boy.
Russell and Katie Derman, 2619 Sta
tion, girl.
William and Lizzie Qualls, 953 N. War
man, boy.
Henry and Caroline Hauppert, 344 N.
Arsenal, boy.
Isaac and Rosa Stephens, Long llos- ;
pital, girl.
Don and Icy Bridge, St. Vincent’s Hos
pital, boy.
George and Helen Wilson, St. Vincent’s j
Hospital, boy.
Carl and Kathryn Mcldthan, St. Vin- 1
cent’s Hospital, boy.
Darwin and Edna Brown, 1129 E. Tenth, j
girl.
Cecil and Marie Gooilpartun, Methodist i
Hospital, girl,
Daniei and Edna Glossbrenner, Metho
dist Hospital, boy.
Claude and Jlutli Dodd, Methodist Hos
pital, boy.
Albert and Hazel Salge, Methodist Hos
pital, boy.
Charles and Helen Arnold, Methodist
Hospital, boy.
Deaths
Sue Anderson Procter, 75, 915 W. Thir
ty-Second, chronic valvular heart disease.
Charles E. Caldwell, 50, City Hospital,
uremia.
Ifinnie Shackelford, 72. 2114 Broadway,
apoplexy.
Harold S. Cook, 2, 1011 Droier Place,
Tr.st’o enteritis.
Da fid Curran. -IS,, 1122 Ashland, acute
dilatation of heart.
William Perry Hoover, 00. 1008' Udell,
chronic interstitial nephritis.
LfWis Leop Polly, !, mo., MOO Cornell,
Jsroneho pneumonia.
Mary A. Crum, 26, Methodist Hospital,
ill hates.nn-lili,.*
Roosevelt to Make
3 Indiana Speeches
EVANSVILLE, Ind., Oct. 13.—Franklin
D. Roosevelt, Democratic nominee for
Vice President, will make three speeches
in the First district tomorrow.
He will speak in the afternoon at
Princeton and ML Vernon and at night
In Evansville.
He will be accompanied by Mrs. Roose
velt.
Elaborate preparations are being made
for the Evansville meeting.
It is expected that the vice presiden
tial candidate will be called upon to ad
dress an overflow meeting at the Coli
seum.
The League of Nations and labor ques-
TUBES
(if Di#tributo " For
m Km ipp
j| p| US’* 1 -ta. m W&tk For a limited period only. By a
Is special arrangement with the
If \ M TjPPI Ami Trkio M manufacturers of “Quaker
BL . m CVi * y - i a uoes M j \JI Tires” we will again give with
uine Quaker Multi Tube FREE.
“Quality Considered, We Sell It For Less”
OPEN SATURDAY EVENING TILL 9 O’CLOCK
CITIZENS AUTO SUPPLY
WHOLESALE CO RETAIL
Pearl C. Barnes, Mgr. • Homer E. Enlow, Asst. Mgr.
Mass. Ave. at Delaware and New York Sts.
MABN 4168 BOTH PHONES AUTO. 27-564.
We own and offer anew issue of—
Indianapolis Downtown Rea! Estate Stock
$135,000
Delano-Cambridge Realty Company
' 7‘/2%
Tax Exempt
First Preferred Cumulative Stock
Dated Oet. 10, 1920. Dividends payable quarterly, Jau. 10, April 10, July 10, Oct. 10
Maturities
$5,000 Oct. 10, 1922 $5,000 Oct. 10, 1925 $5,000 Oct. 10, 1928
5,000 Oct. 10, 1923 5,000 Oct. 10, 1926 5,000 Oct. 10, 1929
0.000 Oct. 10, 1924 5,000 Oct. 10, 1927 5,000 Oct. 10, 1930
$90,000 Oct. 10, 1931 ,
Price: Par and Accrued Dividend
The DELANO-CAMBRIDGE REALTY COMPANY owns in fee simple the apart
ment building on the southYvest corner of Pennsylvania and Michigan streets, ex
tending 210 feet on Michigan street and containing 41 apartments. This is an excel
lent location for,an apartment building, being two blocks north cf the postoffice and
only five squares from Washington street.
This property has hern appraised bv John J. Appel at $190,000. The property
Yvas constructed before the high construction prices, and this stock is a first charge on
the ground (4bx210 ft.), and the two biddings, which are connected.
The gross income on this property is conservatively figured at $37,392, and after
all operating expenses, taxes and alloYvances for vacancies, will shoYv a net incoqje of
$28,592, which is available for interest and the retirements. \
This stock is safeguarded under the usual Breed, Elliott & Harrison plan. No con
•veyance or incumbrance is possible ivithout the consent of every Preferred stockholder.
It is fully insured to protect the stockholders and the floating indebtedness is limited
to SI,OOO. Breed. Elliott & Harrison are represented on the directorate and carefully
Yvatch the interests of their clients. / *
Real Estate stocks have been handled by this firm since its organization and while
the amount of the. issues have totaled between $5,000,000 and $6,000,000, not a dollar
of either principal or interest has been lost to our customers.
We can absolutely recommend this as one of the best real estate issues, and feel
that the time is not far distant Yvhen 7 1 / 4% tax exempt real estate stocks can not be
purchased.
All lsgal proceedings authorizing this issue haY-fe been passed upon by our attor
neys, Messrs. Smith, Remster, Ilornbrook & Smith. -
Write, telephone or wire your reserwations at our expense.
Breed, Elliott & Harrison
109 North Pennsylvania Street
Cincinnati Chicago INDIANAPOLIS Detroit Minneapolis
The information and statistics contained in this advertisement have been obtained from reliable
sources and are accepted by us as accurate, BEING THE FIGURES ON WHICH WE BASED
OUR PURCHASE OF THE ABOVE STOCK.
Complete Service for
Traveler
We plan tours, secure steamer reservations
over all lines, sell Travelers’ Cheques, Let
ters of Credit, etc.
STXAMSIIir DEPARTMENT
Fletcher American Company
tlons will be the basis of Mr. Roosevelt’s
I speech here. *
I POWDER PLANT BRINGS $9,400,000.
WASHINGTON, Oct. 13.—The director
I of Sales, War Department, announced to
| day the sale of the Old Hickory powder
' plant at Jacksonville, Tenn., to the Nash
ville Industrial Corporation tor $3,505,-
000. The Government's total recovery
from the plant was approximately $9,-
400,000, comprised of sales to other
Government departments of property
valued at $5,890,000 and the sale to the
Nashville concern.
LINCOLN’S TAILOR IS DEAD!
AYR, Scotland, Oct. 13. —George Siiker,
who was Abraham Lincoln's tailor, died
here today, aged 102. He fought in the
Civil war.
Says Judge Nation
by Its Advertising
That the easiest way to judge a na
tion is to analyze the advertising of that
nation, said Don C. Prentiss, of the Shel
don Business Service, the principal
speaker at the weekly meeting of the
Advertising Club.
The advertising standards of a nation,
he explained, are in direct proportion to
the ideals and standards of a people.
•He said the recipe for “trying” times
is not to cut down on advertising but to
improve the service of the establishment,
to make real salesmen and saleswomen
of clprks; concentrate on sales promotion
and sales extension work.
of the Market'
do not worry the investor
who buys high grade listed
stocks and bonds outright
and holds them for perma
nent profit.
The Kriebel Plan of outright hav
ing on convenient payments vriil
““ke i>f you a good investor. It
enables you to control five times ns
large a block of securities aa yon
could control on a cash basis. You
get ail dividends while paying.
Our magazine, “Investment,” will
keep you posted on the vital news
about the better class of listed securi
ties. Ask us to send it to you free
for six months. Dept. 1.
KRIEBEL £■ CO.
"fro'ESTKENT BANKER**-''
157-. Su 1. aS a { It> Cl l4 e nqV
13