Indiana daily times. [volume], February 25, 1921, EXTRA, Page 16, Image 16

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

Image provided by: Indiana State Library

                
16
STOCK MARKET
OPENS LOWER
Initial Prices Fractional to
Over 3 Points Down.
NEW YORK, Feb. 25.—The stock mar
ke' continued to work to lower levels
st the opening today, initial prices be
ing Irom fractions to ovey 5 points be
low last night’s closing.
A drive was made against Atlantic Gnlf
from the outset and the stock was forced
down to 44%. a loss of 3% points. Kelly-
Springfield was again under pressure and
yielded over 2 points to 37.
Sears-Roebuck fell Vs of a point to
76t*.
Steel common dropped V* of a point to
82V* Crucible feil 1% points to 90V*.
Baldwin was fractionally lower at 88%.
Kelly-Springfield was directly in
fluenced by the annuoncement of the
underwriting syndicate. Other rubber
stocks were fairly well held, although
they opened with some amount of de
cline.
Kelly-Springfleld indicated the gen
eral character of the market, that stock
after falling 2% points to 37 moved up
to 89%.
Baldwin rose from 88V* to 89%, and
similar advances, after losses, were
made in many other stocks.
There was lively trading in Atlantic
Gnlf. which after falling to 44% rallied
to 47%. ,
Sears-Roebuck recovered the greater
part of its early loss, selling op to 77%.
American Sumatra Tobacco rose 2
points from the low to 86.
United States Steel ranged from 82%
to 82%.
Reading was most active of the rails,
ranging from 75% to 76%.
The oil shares did little and showed
only fractional improvement.
(By Thomson & McKinnon.)
—Feb. 25
We had another unsettled market yes
terday with pressure that was rather pro
nounced on some of the issues that have
recently been conspicuously weak, as
well as some newer additions to the list
such as Sears-Roebuck and Texas Com
pany.
The tire stocks showed further weak
ness, with the Ajax Rubber Company
joining the list of non-divldond payers.
Judging from the recent action of the
market, one would naturally suppose that
we are Just entering a period or depr"s
*ion, whereas many able judges in bank
ing circles as weli as In manufacturing
circles express the opinion confldently
that we are Just beginning to emerge
from depression, and that the outlook is
growing brighter.
These opinions, however, seem to lack
the usual quality of influence, owing to
the multitude of unsatisfactory corpora
tion statements that are daily being pre
sented to stockholders.
And there Is naturally a fear that ad
ditional companies may find It necessary
either to reduce or pass their usual divi
dend disbursements.
The most encouraging feature is the
comparatively small volume of business
that is daily being transacted on the
stock exchange, which would indicate
that there Is at present no general dis
position to liquidate, though what might
happen in the event of further deprecia
tion in the value of stocks la at present
the unknown quantity.
Our own feeling In the matter is that
with spring approaching there will be
renewed activity in business and we jnay
be favored with the usual seasonal ad
vance.
CLEARING HOUSE STATEMENT.
NEW YORK. Feb. 25. —Exchange*.
$687,958,534; balances, $71,487,815; Fed
eral reserve bank credit balances, $33,-
479,842.
Money and Exchange
Indianapolis bank clearings today were
$2.556.000, against $2..090.000 a week ago.
NEW YORK, Feb. 25.—The foreign ex
change market displayed an Improved
tone at the opening today. Demand
sterling rose %e to $3.85%. Franc cables
rose to 7.12 c and 7,11 c for checks. Lire
yielded slightly to 3.63 c for cables and
3.62 c for checks. Marks improved to
1.61 c. Belgians were unchanged at 7.43 c
tor cables and 7.42 c for checks.
Other quotations are: Guilder cables.
3.408 c; checks, 3.398 c. Swedish kronen
cables, 2.232 c; checks, 2.227 c.
NEW YORK CALL MONEY.
NEW YORK, Feb. 24.—Money: Call
money ruled 7 per cent; high, 7 per cent;
low, 7 per cent. Time rates, firm, 7 per
cent. Time mercantile paper, firm
Sterling exchange was weak, with busl
ness in bankers' bills at $3.85% for de
mand.
MOTOR SECURITIES.
(By Thomson A McKinnon.)
—Feb. 25
—Opening—
Bid. Ask.
Briscoe 17 18
Chalmers com 1 1%
Packard com 11 11%
Packard pfd 74 76
Chevrolet 100 400
peerless .... 24
Continental Motors com 6 6%
Continental Motors pfd 90 92
Hnpp com 13 13%
Hupp pfd 90 95
Reo Motor Car 22 22%
Elgin Motors 7
Oru Motors 33%
Ford of Canada 252 257
T'n’'fed Mt r 35 65
National Motors 4 6
U . . ifi,.x 20 22
Paige Motors 19 19%
Republic Truck 20 22
ACTIVE OIL STOCKS.
♦By Thomson & McKinnon.)
—Feb. 25
—Opening—
Bid. Ask.
Ansrlo-American Oil 18V* 18%
Atlantic Refining' 980 1050
Buckeye Pipe Line 82 84
Chesebrough Mfg. Con 300 210
Chesebrough Mfg. Con. pfd.. 102 105
Cont. Oil, Colorado 11l 115
Cosden Oil and*- Gas 5% 6
Crescent Pipe Line 30 32
Cumberland Pipe Line 135 145
Elk Basin Pete 7% 8
Eureka Pipe iLne 90 102
Galena-Signal Oil. pfd 04 08
Galena-Signal Oil. com. 43 46
Illinois Pipe Line 165 170
Indiana Pipe Line 83 85
Merritt Oil 12% 12%
Midwest Oil 1 1%
Midwest Refining 139 141
National Transit 27 28
New York Transit 153 158
Northern Pipe Line 95 99..
Ohio Oil 280 285
Penn.-Mcx 33 36
Prairie Oil and Gas 485 495
Prairie Pipe Line 198 203
Sapulpa Refining 4% 4%
Solar Refining 385 400
Southern Pipe Line 104 10!)
South Penn. Oil 234 239
Southwest Penn. Pipe Lines. 67 72
Standard Oil Cos. cf Cal 303 306
Standard Oil Cos. of Ind 60 60%
Standard Oil Cos. of Kan TOO 610
Standard Oil Cos. of Ky 410 425
Standard Oil Cos. of Neb 410 425
Standard Oil Cos. of X. Y 340 345
Standard Oil Cos. of 0hi0... 380 400
Swan A Finch 40 50
T'nion Tank Line 106 110
Vacuum Oil 310 315
Washington Oil 27 30
NEW YORK CURB.
(By Thomson A McKinnon.)
—Feb. 24
Closing
Bid. Ask.
Curtis Aero com 3 5
Curtis Aero pfd 10 20
Texas Chief 6 12
First Xational Cepper.. % 1
Goldfield Con 7 9
Havana Tobacco 1 1%
Havana Tobacco pfd.... 5 7
Cent. Teresa 3 4
Jumbo Extension 5 7
International Petroleum 15 15%
NTpisslng 8 8%
Indian pkg 33%
Royal Faking Powder. .113 116
Royal Bak. Powder pfd. 79 82
Standard Motors 6% 8
Salt Creek 24 28
Tonopab Extension 1% 1%
Tonopah Mining 1 7-16 i%
United P. S. new 1% ]%
U. S. Light and Heat.. 1 1%
U. S. Light and Ht. pfd. 1 2
Wrlght-Matin 4 6
World Film 1-16 3-16
Yukon Gold Mine C 0.... 1 1%
Jesrrrffe 1-16 3-16
United Verde 27 29
Sequoyah 516 7-16
Xew Cornelia 15 17
Omar Oil 2% 2%
Sep. Tire % 1
N. Y. Stock Prices
—Feb. 24 Prev.
High. Low. Close. Close.
Ajax Rubber...’. 28% 25% 25% 26%
Allts-Chalmers .36 35% 36 36%
Am. Agricul. ... 48% 45% 47% 50%
Am. Bosch Mag. 55 55 55 55%
Am. C. & Fdy...123% 122% 122% 123%
Am. Can 29% 29% 29% 29%
Am. Drug 6% 6% 6%
Am. Int. Corp.. 45% 44% 44% 45%
Am. Linseed.... 50% 49% 49% 50%
Am. Locomotive. 83% 83% 83%
Am. Smelt. &R. 41% 41% 41% 41%
Am. Sug. Ref... 92% 92 92% 93
Am. Sum. Tob.. 86% 83% 84% 41%
Am. Stl. Fdy... 30 29% 30 30
Am. T. & T 100% 100% 100% 100%
Am. T0bacc0....119% 118% 119% 120%
Am. Woolen 63 61% 62% 62%
-Anaconda M. Cos 38% 38 38% 88%
Atchison 82V* 82 82 82%
Atl. Gulf AW.1... 49% 47 V* 48% 49%
Baldwin L0c0... 89% 88 88% 90
B. A 0 34% 84 34 34%
Beth. Steel (B). 57 66% 67 90
Brook. R. Trans. 13 13 13 12%
Canadian Pac...137 116% 116% 116%
Central Leath... 39% 38 38 3S
Chandler Motors 70 68 % 69 70
C. A 0 59% 59% 59% 59%
C., M. A St. P... 27% 27% 27% 28
C., M. A St. Pp. 42% 42 42% 42%
C., R. I. A Pac. 27 27 27 27%
C.,R I.AP. 6% p. 62 62 62 .....
C..R.1.&P. 7% p. 78% 73% 78% 73%
Chill Copper 11% 11% 11% 11%
Chino Copper .. 22 21% 21% 21%
Coca Cola 20 19 20 19%
Col. Fuel A Iron 29 28% 25% 28%
Columbia Gas .60 60 60 60
Columbia Graph 9% 9% 9% 9%
Consoli. Gas.... 79% 79% 79% 80%
Con. Ctm 58% 56% 65% 66%
Con. Candy Cos.. 1% 1% 1% IV*
Corn Products . 70% 68% 69 70%
Crucible Steel .94 91V* 91% 93%
Cuban Am. Su. .32 31% 81% 81%
Cuba Cane Su. . 24% 23% 23% 24
Dome Mines ... 15% 15% 15% 15%
Endicott 61 60% 60% 00%
Erie 13% 13% 13% 13%
Erie Ist, pfd. .. 19% 19% 19% 20
Famous Players 65 64 64 % 64%
Fisk Rubber Cos. 14V* 14 14 14%
Geu. Asphalt .. 67% 65% 65% 66%
Gen. Elec 130% 129% 129% 131
Gen. Motors ... 14V* 13% 13% 14%
Goodrich 86% 34% 35% 36
Gt. Nor., pfd. .77 76% 76% 77%
Houston Oil ... 69 66 67
Insp. Copper .. 34% 34% 34% 84%
Interboro Corp. 5 4% 4% 4%
Inter. Harvester 98% 68% 98%
Inter. Nickel ... 15% 15% 15% 15%
Inter. Paper ... 53 50 51 Vi 53%
Invincible Oil .. 20% 19% 20% 19%
K. C. Southern . 20% 20 20 20%
Kelly-8. Tire ..44 89 39% 44%
Kennecott Cop.. 18 17% 17% IS
Lack. Steel 55% 54% 55% 55%
Lehigh Valley . 53V* 52% 52% 53%
Loews 1w.... 18 18 18 IS
Marine c0m.... 13% 13% 13% 13%
Marine pfd 51% 51% 61% 51%
Max. Mot. com. 5% 4% 5% 6%
Mex. Pete 157% 154% 156 157V*
Mid. S. Oil 13% 13 13% 13%
Mid. Steel 31 31 31 31
M. K. A T 2% 2% 2Vi 2%
Mo. Pac. Ry.... 19 18% 18% 18
Xev Con Copper 11% 11% 11% ....
N. Y. Central... 72 71% 71% 71%
New Haven... 19% 19V* 19V* 20
Norfolk A West.lo2 101% 101% 102%
Nor. Pacific.... 83% 83% 83% 84
Ok. P. AR. Cos. 3% 3% 3% 3%
Pacific Oil 32% 31% 31% 32%
lan-Am. Pete... 74% 73% 73% 74%
Pec n. Ry 40 39% 4040
People* Gas.... 38 39 S8 38%
Flerce-Arrcw... 26% 25% 26 26%
Pierce Oil C 0... 10% 10% 10% 10%
Pitts. Coal 59% 59% 59% 60
Pull. Pal. Ca.. .100% 103% 104% 10C%
Pure Oil 34% 33% 34 34
Ray Copper 13% 13V* 13% 13
Reading 76% 75% 75% 76%
Rep. I. A So.. 66% 66 66% 67%
Repiogle Steel. 30% 30% 30% 31
Royal D. N. Y. 60% 50% 60% 60%
S Roebuck ... .79 78 78 80%
Sinclair 23% 23 23% %3%
Southern Pac... 78% 77% 78% 78%
Southern Ry... 21A 21% 21% 21%
St. L.A SF.com. 21% 21% 21% 21%
Stromberg Carb. 36% 36 36
Stifdebaker 57% 57% 58% 59%
Tenn. Copper... 8% 8% 8% 8%
Texas Cos 42% 41 41% 48%
Texas A Pacific 24% 23% 23% 23%
Tob. Products.. 54 52 % 53% 64%
Trana. Oil 9 8% 8% 9
Union Oil 21 20% 20% 21
Union Pacific...l2l 120 120 120%
Un. Ret. Stores. 54A> 53% 54% 54%
U. S. F. P. Cor. 24% 2!% 23% 24%
Un. Fruit C 0... 102% 100% 102% 102%
U. S. In. Alcoh. 70% 69% 70 70%
U. S. Rubber... 68% 65% 60V* 69
U. S. Steel 83% 82% 83 83%
U. S. Steel pfd.llo% 110% 110% 110%
Utah Copper 50% 50 60% 50%
Vanadium Steel 36 35 % 35% ~ 37%
Vtr.-Car. com... 33 32 33 32%
Wab. Ist pfd... 20Vi 20% 20-% 20%
West. Union.... 87 87 87 87 !
West. Electric.. 46 45% 45% 46
White .Motors... 39% 38% 39% 39%
Wllys Overland 7% 7% 7% 7%
Worth. Pump... 48 47% 47% 48
XEW YORK LIBERTY BONDS.
—Fab. 24 Prev.
High. Low. Close. Close.
L. B. 3Via 91.08 90 04 90.94 91/s)
L. B. 2nd 4s 86 GO 88.50 86.56 86.54
L. B. lstMVis... 87.28 87.00 .87 18 87.14
L. B 2nd 4V*s.. 68.70 86.50 86.58 86.70
L. B. 3rd 4Vis.. 90.02 89.04 1*0.02 88.94
L. B. 4th 4Vi.. 87.00 86.68 86.74 86.0.8
Victory 3%s 07.40 07.38 97.38 97.38
Victory 4%s 97.42 97.38 07.42 07.40
TWENTY STOCKS AVERAGE.
XEW YORK. Feb. 25—Twenty indus
trial stocks overaged 74 66. 1 j>er cent
Twenty active rails averaged i3.75, off
.36 per cent.
CHICAGO STOCKS.
(By Thomson A McKinnon.)
* —Feb. 24-
Open. High. Low. Close.
Armour pfd.... 01 % 02 91%' 91%
Car. A Carb... 55%’ 56 55% 55 s *
Libby 11% 11V* 10% 11
Mont.-Ward. .. 16% 16% 16 10%
Natl. Leather.. 8% 8% 8% 8%
Stewart-Warn.. 31 % 31% 30% 31%
Swift A Cos 1021% 102% 101% 1162
Swift Inter.... 26 26 25% 24%
Armou r Lea... 12%
Reo Motors.... 22%
Piggly Wiggly 14V* 14% 14% 14%
In the Cotton Market
NEW YORK, Feb. 25.—The cotton mar
ket opened weak today under heavy sell
ing. first prices being 12 to 27 points
lower.
All months touched new low prices for
the season.
Bearish influences were weak cables, a
lower stock market, another break in
London silver end reports of a demoral
ized Manchester market.
The South was the principal sellers
and there was further liquidation for
speculative account.
Local and Wall street shorts and the
trade were active buyers on the decline,
but offerings continued free and prices
showed little, rallying power during the
early trading.
New York cotton opening; March,
12.13 c; May, 12.60 c; July, 13.05 c; Septem
ber, 13.55 c bid; October, 13.70 c; Decem
ber, 13.85 c.
LIVERPOOL, Feb. 25.—Spot cotton
opened weak today with sales close to
2,000 bales.
American middlings, fair. 10.51d; good
middlings, 8.21d; full middlings, 7.61d;
middlings, 7.67d; low. 5.51 a nd; good ordi
nary, 4.11d: ordinary, 3.11d. Futures
opened steady.
NEW' YORK METAL MARKET.
XEW YORK, Feb. 24.—Copper—Weak;
spot, February, March and April offered,
12%c. I-ead—Weak; spot and Februnry
offered, 4 35c; March offered, 4e. Spelter
—Wak; spot, February and March of
fered, 4.90 c.
XEW YORK WOOL MARKET.
XEW YORK, Feb. 25. —The wool mar
ket was steadier today. Quotations were
as follows: Domestic fleece, XX Ohio,
per lbr-Z4@4sc; domestic, scoured basis,
18075 c; Texas domestic, scoured basis.
40® 50c.
XEW YORK RAW SUGAR.
XEW YORK. Feb. 25.—Raw sugar
(centrifugals) was steady today. Cubas
were quoted at 5.77 c, duty paid, and
Porto Ricos, 5.77 c delivered.
XEW' YORK REFINED SUGAR.
XEW YORK, Feb. 25.—Refined sugar
was firmer today, with fine granulated
quoted at 7:75c per pound.
NEW YORK HIDE MARKET.
NEW YORK, Feb. 25.—Hide* were
steady today with native steers 14c per
lb and branded steer* 11c.
WEAKNESS HITS
HOG MARKET
After Opening Strong, Swine
Prices Slump.
RANGE OF HOG PRICES.
Good Good Good
Feb. Mixed. Heavy Light.
10. *9.25® 9.60 *8.75® 9.25 *9.76®10.00
21. 9 60® 9.7 b 9.00® 9.25 9.75®10.15
22. 9.50® 10.00 S.oo® 9.60 10.25@10.50
23. 5.50010.00 9.00® 9.50 10.25 @ 10.50
24. 10.00 ® 10.50 9.60@10.00 10.50@10.75
25. 10.00 ® 10.50 9.50@10. ®0 10.60@10.75
With t. strong demand at the opening
and light receipts hog prices were strong
on the local live stoc* exchange today,
but after the first hour of trade there
was a slack in demand and prices looked
as If they would be weak and lower be
fore the close of the market.
Shippers with Eastern house connec
tions were the only active buyers on
the market, the local packer* holding off
for lower prices.
Receipts were close to 7,000 fresh hogs,
with a good clearance for the Thursday
market.
There was a top of $10.90 at the open
ing of the market on some extra fancy
light hogs, while the bulk of the open
ing sales of that grade were close to
$lO 85. Heavy hogs at the openlug gen
erally brought $9.50®10, and mixed and
mediums ranged at $10@10.50. Figs and
roughs were practically steady with the
close of the market of the day before.
There was a good strong tone to trade
In the cattle alleys and opening prices
were strong to 25 cents higher In cases. ,
Good grades of cows, heifers and steers
were strong to higher, while cauners,
cutters and bull# were fully steady.
Kecelpt# for the day approximated GOO
fresh cattle, with a few stale cattle In
the pens that were held over from the
Thursday market. . , ,
With receipts close to 400 and a fairly ’
active demaud for good and choice veals, |
prices were strong at the start of the ,
market. There was a top of sl4 on n
comparatively large number of sales,
while the bulk of the choice veals brougtu
$13.50.
Home of the commission men thought
that the market was higher, stating that
calves of that same grade that brought
Sl3 50 on the Thursday market brought
sl4 today. Most of the commission men
called the market only strong.
Good sheep were considerably higher
today with a top of $4.(50, while iambs
were about steady with the close of the
Thursday market.
Receipts were again light at close to
200 sheep and lambs.
UOG3.
Best light hogs, 100 to 200 lbs.
average $10.50® 10.75
200 to 300 lbs average 9.50®1C.00
Over 300 lbs 9.u0l 960
Sows 7.00® 7.75
Best pigs, under 140 lbs 9.50@10.25
Bulk of sales 10.00®10.50
CATTLE.
Prime pornfed steers, 1,300 lbs.
and up 8.50@ 9.50
Good to choice steers, 1,200 to
1,300 lb* S.oo@ 8.50
Good to choice steers, 1,100 to
1,200 lbs 7.25® 8.00
Medium steers, 1,000 to 1,100
lbs 6.75® *.75
Common to medium steers,
800 to 1,000 lbs 5.50® 6.50
. —Heifers and Cows —
Good to choice betters 5.50®
Medium heifers 4.no® 5.75
Common to medium heifers . 4.00® 6.00
Good to choice cows 3 75® 4.75
Fair to medium cows 3.00® 4 50
Cutters 3 25® 1.00
Cauners 2.50® 3.25
—Boll*—
Good to choice butcher bulls 5.00® 6.00
Bologna bulls 6.00® 5.50
Light common bulls 4.00® 5.00
—Calves
Choice veals 12.50®13.50
Good veals 1200@12.50
Medium veals 10.00® 12.00 j
Lightweight veals 6.00®10.00 j
Common heavyweight calves.. 5.00® 9.00
—Stocxers and Feeders—
Good to choice steers, under
900 lbs 7.00® 8 00
1 Medium cow g 4.50® 5.00
Good cows 6.00® 5.50
| Good heifers 5.50® 6.00
Medium to good heifers S<>® 6.00
] Good milkers 50.00@95.0d
j Stock calves. 250 to 450 lbs 5.00® 8.00
SHEEP AND LAMBS.
'Good to choice sheep 2.00® 4.50
: Fair to common 1.50® 2.00
Bucks 2.00® 2.50
| Cull sheep ... I.oo® 1.50
—Lambs—
Common to choice yearlings. 4.50® 6.00
Spring lambs 7.00® 9.00
Other Livestock
CHICAGO, Feb. 25.—Hogs—Receipts.
| 29,000; market 100425 c up; bulk, $0.40®
j 10:30; butchers. $9.40/19.75; packers, SB.IO
] 0 9.25; lights. slo® 10.55; pigs, s9'rilO4o.
Cattle—Receipts, 5,000; market steady;
| beeves, $7.75® 10.65; butchers. $5.75r;9.50;
| can tiers ana cutters, $2.25(0.5.75; stockers
and feeders, s6®9; cows, $4.30®8; calves,
1 $10@13.25. Sheep -Receipts, 8,000; mar
ket 25®50c up; lambs, s9® 11.25; ewes,
$2.50@7.50.
CINCINNATI, Feb. 25—Hogs—Re
ceipts, 3,509; market strong to 25c higher;
heavies, slo® 10.50, mixed, $10.75; me
•Hums and lights. sl2; pigs, $10; roughs,
$7.50; stags. $6. Cattle Receipts. 600;
nn.iket strong, 25®. 0c higher; bulls
stetdy; calves, sl4. Sheep and lambs -
Receipts, 400; market strong; sheep, $1.50
@5; lambs. $6010.50.
CLEVELAND, Feb. 25.—Hogs —Re
ceipts, 4,509; market steady; yorkers,
$10.90® 11; mixed, *10.85® 10 00 ; heavies,
$9.25; pigs, $11; roughs, $7 25; stugs,
$5.25. Cattle— Receipt*, 300; murket
strong. Sheep and lambs Receipts,
1,000; market 25c to 50c up; top, $lO.
Calves Receipts, 300; market steady;
top, $15.50.
PITTSIU RGH, Feb. 25.—Cattle—Re
ceipts, light; market. steady; choice,
$9.5000.75; good, $309.25; fair.' $8.25®
8.50; veal calves, $14(814.50. Sheep and
lambs—Receipts, light; market, strong;
prime wethers, $6.25®/!.50; good, s3.so®'!;
mixed, fair, $4.50(85.25; spring lambs,
$lO 50011. Hogs Receipts. 18 doubles;
market, higher; prime heavies, $0.50®
9.75; mediums, $11®|11.25; heavy York
ers. $11011.25; light Yorkers, sll @11.25;
pigs, $11@11.25; roughs. s7@B; stags.
$4.5005.
EAST BUFFALO, N. Y., Feb. 25.
Cattle —Receipts, 375; market active and
steady; shipping steers, $8.5009.40;
butcher grades. $7.5008.75; cows, $2.50®
6.50. Calves—Receipts, 1.000; market ac
tive and steady; culls to choice, ss® 16.
Sheep and lambs-Receipts. 8.000; market
active 50@$1 up; choice, $10.50@11; culls
to fair, $7.50010; yearlings, $808.50;
sheep. $3@7.50. Hogs—Receipts. 6,500;
market active, 25@75c up; vorkers and
pigs, $11.25; mixed. $10.75® 11.25; heav
ies, $10@10.75; roughs, s7@B; stags, $5.50
@6.
EAST ST. LOUIS, Feb. 25.—Cattle—Re
ceipts, 1.000; market steady; native beef
steers, $9.65@0.75 yearling beef steers
and heifers, $8.75-09.75; cows, $6.50(87;
stockers and feeders. $6.7507.30; calves,
$11012.50; canners and cutters, $4@4.25.
Hogs—Receipts, 11,500; market 10c high
er; mixed and butchers, slo.lo® 10.50;
good heavies, $9 40010; rough heavies,
$7.7508; lights, $lO 35010.60; pigs, SO.-85®
30.00; bulk of sales, $10.10010.50. Sheep
Receipts, 1,000; market steady; ewes,
$5.50® 6.25; lambs, $10@10.75; canners
and cutters, sl@3.
CLEVELAND PRODUCE,
CLEVELAND, Feb. 23—Butter-Ex
tra, in tub lots, 57@57%c; prints, 58®
50c; extra firsts, 56®56%c; firsts. 56%c
seconds, 45@46c: packing stock, 14@16c;
fancy dairy, 30@35c. Eggs—Fresh gath
ered/ northern extra, 40c; extra firsts,
39c; Ohio firsts, new cases, 38%c; West
ern firsts, new cases, 387 c. Poultry—
Live, heavy fowls, 32@33c; culls, 27028 c;
roosters, 22c. spring chickens, 33@34e;
thin grades, 28@30e.
CHICAGO PRODUCE.
CHICAGO, Feb. 25.—Butter —Creamery
extras, 51c; creamery first, 50c; firsts, 40
®49%c; seconds, 30@li8c. Eggs—Firsts,
33%@34c. Cheese—Twins, 25%e; young
Americas, 25%e. Live poultry—Fowls.
28%c; ducks, 360; geese, 24c; Spring
chickens, 30c; turkeys, 43c; roosters, 22c.
Potatoes—Receipts. 40 cars; W'isconsiu
and Minnesota, $1.25@1.35.
XEW YORK PETROLEUM.
NEW YORK, Feb. 25.—The petroleum
market wa* weak today, with Pennsyl
vania crude quoted at $3.25 per barreL
UN DIANA DAILY TIMES, FRIDAY, FEBRUARY 25,1921.
GRAIN FUTURES
SHOW STRENGTH
Bullish Crop Reports Cause
Better Market Tone.
CHICAGO, Feb. 25.—The grain mar
ket, after a weak opening, showed con
siderable strength, due to bullish crop
news on the Chicago Board of Trade to
day.
A drop at the opening followed liqui
dation by the longs.
The market received little support at
the outset. Receipts were large. Heavy
buying, mostly local in character, came
Into the market later and practically all
quotations showed slight gains. Provi
sions were higher.
March wheat opened off 2c at $1.62%,
but regained %c before the close. May
wheat opened down le at $1.56 and lost
an additional Vic subsequently.
May corn opened off %c at 69%c and
held that figure in later trading. July
corn opened down lc at 70%c, regaining
%c before the close.
May oats were off V*c at the opening
at 44%c and held that figure In later
trading. July oats were up %c at the
opening at 45%d and gained Vic later.
(By Thomson A McKinnon.)
—Feb. 25-
Wheat—The motives for action of
wheat Thursday were more of a character
to affect sentiment than of a sort show
ing any particular change in the wheat
situation Itself. Confidence was dis
turbed by the public attitude of labor
organizations, also, by a request of the
Federal Reserve Bank at Dallas, Texas,
that the farmers liquidate their holdings.
Ihe economic situation again displayed
Itself In the absence of investment de
mand. This condition alone is largely
responsible for the dragging tendency of
values. One foreign government has
taken around 500,000 bushels for April
shipment, but the milling demand is very
slow; in fact, New York says that Can
adian flour Is offered at 50 to 75 cents
a barrel cheaper. There were numerous
reports of dust storms In Kansas and
Nebraska, but these were Ignored. Ap
parently the market has tired of the
moderate amount of foreign business
that is being done and is in need of
something new in the situation to re
vive general Interest. This new incen
tive may possibly come from the South
west, although with the exception of
high winds, reports are generally fa
vorable.
Corn and Oats—Unexpectedly large re
ceipts of corn served to increase senti
ment for lower prices, although the weak
ness In wheat and economic condition
generally were uppermost In the minds
of the trade. No export business was
reported, but cables said that Germany
would take around 18,500,000 bushels in
order to reduce the requirements for
wheat. Cash market has ruled heavy,
with the discounts under the May slight
ly increased. This market has reached
the point where interest Is dwindling,
and its action Is likely to be a reflection
of wheat.
Provisions The conditions prevailing
in wheat were effective In hog products
and overweighed a firm market for bogs.
There 1* a feeling that product* are suf
ficiently low. but at the same time, noth
ing has developed us yet to suggest any
advance.
CHICAGO GRAIN.
—Feb. 25
WHEAT— Open. High. Low. Close.
March... 1.65% 1.67% 164 1.67%
May 1.50 1.58 1.54 1.67%
CORN—
May 09% 70 V* 68% 70%
July 70% 72% 70% 72%
OATS—
May 44% 43% 44 45%
July 45% 46% 45 f*j%
FORK—
May 21.00 21.20 21.00 21.20
LA R 14-
May 12 05 12.12 12,00 12.12
•Inly.. .. 12.37 12.47 12.35 1 2.47
RIBS—
May 11.30 11.40 11 27 11.37
•July 11.75
RYE—
Mav 1.41 1.41% 139% 1.41%
July 1.24 1.24 1.U% 1.23%
•Nominal.
CHICAGO CASH GRAIN.
CHICAGO, Feb. 25—Wheat—No 1
red, $178; No 1 hard winter, sl7l®
171%; No. 2 red. $176; No. 2 hard win
ter. $1.71; No. 2 northern spring, $167%;
No 3 spring. $1.59 Corn—No 2 white,
67c No. 2 yellow. 66c; No. 3 white 03%
@64c; No 3 yellow, <53%®05e; No 4
white, 61®63c; No. 4 yellow, 61 ®6‘-’%c.
<>mt■* Nii. 1 white. 44%c; No 2 white;
43%@44c; No. 3 white, 42@43%e; No. 4
white, 42%c.
CHICAGO CASH GRAIN.
TOLEDO. Feb. 24 —Wheat—Cash. $1.85:
March, $1.93; May, $1.90. Corn -No. 2
yellow, 73c. Oats—No. 2 white, 47%®
4S%c Rye—No. 2, $1.56. Barley—No. 2,
76c Cloverseed Cash (1920). February
and March, $10.50: April. 79.36. October.
$9.25 Timothy Cash (191-n $2 *: cash
Ii 1919, $2.90; cash (1920), $2.95; February
and March, $2 85; April and May, $2.90.
Alsike—-Cash (new), $15.50; March, sl3.
PRIMARY MARKETS.
(By Thomson A McKinnon.)
—Feb. 25
Wheat. Corn. Oats.
Chicago 121/KM) 829,000 290,00)
Milwaukee 14,000 54,000 21,000
.Minneapolis . ...127/M0 04.000 37,000
Dumth 49,000 11,000 9,00 l)
St Louis 106,009 180,000 54,00)
Toledo 10,000 6.000
Detroit 12.000 5,000 4,000
Kansas City „.2SVOI) 7‘.Q*oo 3,000
Peoria 6,000 129,000 31,000
Omaha 4.8,000 174,000 20,000
Indianapolis 9.000 123.000 22,000
Totals 717,000 1.667,000 409,000
Yea rngo . ~t. 575,000 744.000 723,000
—Shipments—
Wheat. Corn. Oats.
Chicago 76,0110 384.000 204.000
Milwaukee 3,0-k) 91,000 8,000
Minneapolis 119,000 51,000 55,000
Duluth 3,000 1,000
St. Louis 79,000 153.000 134,000
Toledo 10,000 5,000 4,000
Detroit 4,000
Kansas City ...213.000 24.000 26,000
J’eoria 1.000 62,000 31,000
Omaha 42,000 107,000 24,000
Indianapolis 22,000 16,000
Totals ... . 550,000 000,000 502,000
Y'ear ago 608,000 515,000 652,000
—Clearances—
Dotu. W, Corn. Oats.
Baltimore 80,000
New Orleans ...430,000
Totals 510,000
Y'ear ago ....540,000 ‘
INDIANAPOLIS CASH GRAIN.
—Feb. 25 -
Bids for car lots of grain and hay at
the call of the Indianapolis Board of
Trade were:
Wheat—Weak; No. 2 red, $1.8501.86.
Corn—Easier; No. 3 white, 67008 c; No.
4 white, 64065 c; No. 3 yellow, (!5%0
66 %c; No. 4 yellow, 640 65c; No. 5 yel
low'. 61®62%c; No. 4 mixed, 03004 c; No.
5 mixed, 60062 c.
Oats—Steady; No. 2 white, 45%@40c;
No. 3, 44%@45%0.
Hay—We.uk; No. 1 timothy, $20.50021;
No. 2 timothy, $20020.50; No. 1 light clo
ver mixed, $19.50020; No. 1 clover hay,
$l7OlB.
—lnspections
No. 2 red, 2 cars.
Corn—No. 3 white, 8 cars; No. 4 white,
16 cars; No. 5 white, 2 cars; No. 3 yel-.
low, 5 cars; No. 4 yellow, 10 cars; No.
5 yellow, 7 cars; No. 4 mixed, 4 cars;
No. 6 mixed, 3 cars; No. 6 mixed, 1 car,
total, 65 cars.
Oats —No. 1 white, 1 car; No. 2 white,
6 cars; No. 3 white, 2 cars; total, 9 cars.
Hay—No. 1 timothy, 1 car; No. 2 timo
thy, 1 car; No. 1 clover mixed, 1 car;
total, 3 cars.
HAY MARKET.
The following are the Indianapolis
prices for hay by the wagon load:
Hay—Loose timothy, new, $21022;
mixed hay, new, $19021; haled, $21023.
Oats—Bushel, new, 45048 c.
Corn —New, 65@6Sc per bushel.
WAGON WHEAT PRICES.
Indianapolis flour mills arid elevators
today are paying $1.75 for No. 1 red
winter wheat, $1.72 for No. 2 red and
$1.69 for No. 3 red.
Will Buy
American Farm Company
Shares.
Address A No. 1686* TIMES
Local Stock Exchange
—Feb. 25
STOCKS,
Bid. ABk.
Indiana Ry. A Light Cos. com 60
Indiana Ry. A Light Cos. pfd. 84 86
Indplg. A N. W. pfd 75
Indpls. A S. B pfd 75
Indpls. St. Ry 57 60
T. H. T. & L. Cos. pfd.... 70
T. H., I. A E. com 2
T. H., I. A E. pfd 10
City Service com
City Service pfd
U. T. of Ind. com 1
U. T. of Ind. pfd 6 16
U. T. of Ind. 2d pfd 2
Advadce-Rumely Cos. com... 19 ...
Advance-Kumely Cos. pfd.... 50 ...
Am. Central Life 235 ...
Am. Creosoting Cos. pfd 93
Bolt R. R. com 62 66
Belt R. R. pfd 45 55
Century Bldg. Cos. pfd 93% ...
Citizens Gas Cos 80 85
Dodgfc Mfg. Cos. pfd 91% ...
Home Brewing 65 ...
Indiana Hotel com 71% ...
Indiana Hotel pfd 94 ...
Indiana Plpo Line
Ind. Natl. Life Ins. Cos 4% .
Ind. Title,Guaranty 69 62
Indpls. Abattoir pfd 44% 50
Indpls. Gas 45 60
Indpls. Tel. Cos. com 6
Indpls. Tel. Cos. pfd 89
Mer. Pub. Util. Cos. pfd 40% 50
Nat, Motor Car Cos 6% 9%
Pub. Sav. Ins. Cos 2% ...
Rauh Fertilizer pfd 46
Standard Oil of Indiana.... €9 73
Sterling Fire Ins. Cos 7% 9
Van Camp Hdw. pfd 80
Van Camp Back pfd 90 100
Van Camp Prods. Ist pfd 100
Van Camp Prods. 2d pfd.... 00
Vandalia Coal Cos. com
Vandalla Coal Cos. pfd ...... ... 10
Wabash Ry. pfd ... ...
Wabash Ry. com,
BANKS AND TRUST COMPANIES.
Aetna Trust Cos
Bankers Trust Cos 118 ...
City Trust Cos 85
Com. Natl. Bank 65 ...
Cont. Natl. Bank 112 ...
Farmers Trust Cos 200 ...
Fidelity Trust Cos 125
Fletcher Am. Natl. Hank 230 255
Fletcher Sav. A.Trust Cos 160
Indiana Natl. Bank £65 285
Indiana Trust Cos 176 195
Live Stock Exchange Bank... 885
Merchants Natl. Bank 280
Nat. City Bank 110 113
People's State Bar x 187 ...
Security Trust Cos 122
The State Sav. A Trust C 0... 89% 94
Union Trust Cos 325 335
Wash. Bank A Truer 130 ...
BONDS.
Broad Ripple 6s 63 09
Citizens Street Railway Cos.. 70% ...
lir.Un Creek Coal A Min. Ba. 92
Indpls., Col. A So. 5s 88
Indpls. A Martlusv. 5g 65%
Indpls. Northern 5s 42% 47
Indpls. AN.W. 5s 54% 57%
Indpls. A S. E. 5s 45
Indpls., Shle. A S. E. 55.... 70
Indpls. St. Ky. 4s 60 63
Indpls. T. A T. 5s 71 75
Kokomo. M. A W. 5s 78 82
T. 11., I. A E. 5s 52
U. T. of Indiana 5s 63
Citizens Gas 6s 75% 82%
Id. Hotel Cos. 2d Us 95
indpls Gas 5s 73% 80
Indpls. L. AH. 5s 75% 83
Indpls. Water 5s 88% 91
Indpls Water 4%s 70 75
.Ver, H. A L ref, 5* 88 91
Ni w Ti. Ist 0s 94
New Tel. L. D. 5s 93% ...
LIBERTY BONDS.
Liberty first 3%s 90.80 91.24
Liberty first 4s 86.76
Liberty second 4s 86 00
Liberty first 4%s T 6 8~ in
Liberty second 4%s 86.40 86.64
Liberty third 4%s 5*4.00 90 lo
Liberty fourth 4%s 86.00 87 00
Victory Loan 3%s 97 40 97.54
Victory Loan 4%s 97.40 97.60
„ -Sales
8 shares Union ' r rust Go. at 3°9
10 shares Union Trust Cos. at 330
WHOLESALE FEED AND FLOUR.
Ton. Cwt.
Acme Bran $30.00 $1.55
Acme Feed 32.00 1.65
Acme 34.00 1.73
Acme Dairy Feed 43.50 2.20
B-Z Dairy Feed 34.25 1.73
Acme 11. A M 35.50 1.80
Acme Stock Feed 29.53 1.75
Cracked Corn 34.25 1.75
Acme Chick Feed 42.75 2.20
Acme Scratch .39 75 2.05
Acme Dry Mush 4700 2.40
Homllck Yellow 33.25 1.70
Rolled Barley 40.75 2.10
Alfalfa Mol 39,00 2.00
Cottonseed Meal 41.00 2.10
FLOUR AND MEAL.
E-Z-Bake bakers' flour. 98 lb. cotton
b Fl .$10.50
Corn Meal, 100 Ib. cotton bag .... 2.00
INDIANAPOLIS PRODUCE.
Eggs--Fresh, loss off, 30c.
Poultry- Fowls, 27®28c; springers, 22c;
cocks, 16c; stags, 16c; old tom turkeys.
37c; young tom turkeys, 12 Ibn and up,
42c; capons, 7 lbs and up, 42c; young
lien turkeys, 8 lbs and up. 42c; cull, thin
turkeys not wanted, old tom turkeys
37c: ducks, 4 lbs and up, 25c; ducks,
under 4 lbs, 20c; geese, 10 lbs and up,
20c; squabs, 11 lbs to dozen, *7; guineas,
V lb size, per doz, $6.
Butter —Buyers are paying 48®49c for
creamery butter delivered at Indianap
olis.
Bntterfat —Buyer* are paying 40c for
cream delivered at Indianapolis.
WHOLESALE BEEF PRICES.
The following are today g wholesale
prices for beef cuts ns sold on the In
dianapolis markets:
llibs—No. 2. 28%c; No 3.17 c. Loins—
No. 2,21 c; No. 3,19 c. Rounds No. 2,
19c; No. 3,15 c. Chucks —No 2. 12c; No.
3.10 c. Plates No. 2,11 c; No. 3.10 c.
How to figure the
income yield on bonds
We are often asked liow it is that the
income return on a bond selling at a
discount figures out to be a greater
per oent than the interest rate earned
by the bond. Here is an example:
A $1,750.00 Bartholomew Cos. 4y 2 % Gravel Road Bond,
due May 15, 1925, sells for $94.36 per SIOO.OO par value.
You receive for the bond at
maturity • $1,750.00
You pay us for the bond 1,651.30
Your gain in principal is $98.70
You receive in interest at 4 1 />%
for four years and three months.. 334.69
Your total gain on the investment is. $433.39
The gain for one year is 101.97
Divide this one year’s,gain by the
amount originally invested, sl,-
651.30, and you get the income
yield per year 6%
Do not fear that you will not be welcomed if you come in
to ask us questions about investments. To answer them is
our business and our knowledge gained in 30 years’ ex
perience is always at your service.
Come in and have a confidential talk with us.
Ask for our latest list of tax exempt bonds.
Our Bond Dept is open Saturday until 8 p. m.
.1 F-WILD lH CO MPA NY
w * **• *
On Commission Row
TODAY’S PRICES.
Apples—Missouri Jonathans, per bbl.,
$8; fancy Illinois Jonathan, per bbl., $7;
extra fancy Grimes Golden, per bbl.,
$5.50@8; extra fancy Wlnesaps, per bbl.,
$9; Bell Flowers, per bbl., $5; Baldwins,
per bbl., $4@5.50; Spies, per bbl., $4.50;
Rome Beauty, per bbl., $8; Maiden Blush,
per bbl., $5; Greenings, per bbl., $5.50;
choice Jonathana, per bbl., $6.
Beans—Michigan iavy, in bags, per lb.,
5@5%c; Colorado pintos, In bags, per lb.,
6®7c; California llmas, in bags, per lb.,
B®9e; red kidneys, in bags, per lb., 10®
10%c; California llinas, in bags, per lb..
B@9e; California pink chill, in bags, per
lb.. 7@Bc.
Beets —Fancy home-grown, per bu.,
$1.25.
Bananas—Extra fancy high-grade fruit,
50-GOc, per lb., B@B%e.
Cabbage—Fancy Northern, per lb., l%c.
Carrots —Fancy home-grown, per bu.,
85c@$l.
Celery—Fancy Florida, 8 doz. crate, per
crate, $3.25: fancy Florida, 4-5 doz. crate,
per crate, $3.50; fancy Florida trimmed,
per bbl., $1®1.15.
Grapefruit—Extra fancy Florida (Ttlue
Goose brand), 46s and 545, per box. $6.50;
645, 70s, per box, $7.25; fancy Florldas,
365, per box, $3 50; 545, per box, $4.50;
64s and 70s, per box, $5.20; 80s, per box,
$5.25.
Lettuce—Fancy hothouse leaf, per lb.,
22c: iu barrel lots, per lb.. 20c; fancy
California Icebergs, per crate, $4.50.
Oranges—California, all grades, $3.75
®5.
Onions—Fancy Indiana yellow or red,
per 100 Ib. bags, $1.25; fancy Indiana
white, per 100-lb. bags, $1.40; fancy Span
ish, per cate, $2.35.
Parsley—Fancy large Bikes, per doz.,
sl.
Potatoes—Fancy Michigan and Wiscon
sin round whites, per 150-lb. bag. $2.25;
5 or 10-lb. bags, per bag, $2.15; fancy
Idaho Gems, per bag, $2.50.
Radishes—Button, large bunches, per
doz., $1.50; long red, per doz., 40c.
Sweet Potatoes—Fancy Eastern Jer
seys, per hamper, $3; fancy Indiana
Nancy Halls, per hamper, $2.25; fancy
Indiana Jersey, per hamper, $2.50.
Spinach—Fancy, per bushel basket,
$1.50.
Turnips—Fancy washed, per bu., $1.50;
per crate, $2 50.
Kale —Fancy Eastern, per bbl., $2.25.
Cauliflower—Fancy Cqlifomla, per
crate, $3.
Oyster Plant—Fancy, per doz., 50c.
Leek—Fancy, per doz., Ssc.
Sage—Fancy, per doz.. 45c.
Rutabagas -Fancy Canadian, per 50
lbs., $1; per 100 lbs., $1.75.
Peppers—Fancy, per small basket, 85c.
Lemons -Extra fancy California, 300s
to 860s, $4.50.
Sassafras Bark—Per doz., 30c.
Weather
The following table shows the state of
the weather at 7 a. m., Feb. 25, as ob
served by United States weather bureaus:
Station. Bar. Temp. Weath.
IndltvnapoUs, Ind... 30.09 30 Cloudy
Atlanta, Ga 30.00 34 Cloudy
Amarillo, Tex 80.22 34 Clear
Bismarck. N. D.... 20.64 38 Cloudy
Boston, Mass 29.94 10 Cloudy
Chicago, 111 30.10 28 Cloudy
Cincinnati, Ohio 30.10 24 Clear
Cleveland, Ohio 29 38 22 Snow
Denver. Colo 30.06 42 Clear
Dodge Citv, Kan... 80.20 34 Clear
Helena. Mont 30.10 48 Cloudy
Jacksonville, Fla... 29 88 46 Rain
Kansas Citv, M 0... 30.13 32 Clear
Louisville. Ky 30.16 26 Clear
Little Rock. Ark... 30.20 40 Clear
I.os Angeles, Cal... 29.98 *lB Clear
Mobile, Ala 30.00 46 Clear
New Orleans. 1.a... 30 14 52 PtCldy
New York. N. Y... 30.00 12 Clear
Norfolk, Va 30 04 30 Cloudy
Oklahoma City 30.24 34 Clear
Omsha. Nob.. .... 30 OH 30 Clear
Philadelphia. I’a... 30.06 18 Clear
I’lt'sburgh. I’a 30 02 20 Know
Portland, Ore 30.28 44 Cloudy
Rapid City, S. 11... 29.84 48 Cloudy
Kan Antonio, Tex.. 30 26 54 Clear
San Francisco, Cal. 3008 50 Clear
St Louis, Mo 30.16 34 Cloudy
8t Paul, Minn 30 00 20 Cloudy
Tamra, Fla 29.94 52 Clear
Washington, D. C.. 30 06 22 Cloudy
WEATHER CONDITIONS.
Sine* Thursday morning the storm in
the rentrnl valleys lis moved to the
South Atlantic Coast, accompanied by
Ilght precipitation, while the weather In
other sections of the country has re
miilned generally fair. The change# in
temperature have not been decided except
over comparatively small areas, anti the
readings urt now for tlie most part near
or above the seasonal nornu.l, except in
the Atlantic anil Eastern Gulf States,
vv''ere comparatively cold weather pre
vail*. J. H. ARMING TON,
Meteorologist. Weather Bureau.
I PRINCIPLES j
\ OF PROFITABLE i
(INVESTMENT j
( ThU splendid hook U filled with sound \
[ advice on investing It U a teat-hook
f on judging security value®, and shows
you how to distinguish between the
sound and the unsound—how to draw
| the line between speculating and in-
I vesting. It shows you how to system
atize your saving and your investing
on a monthly basis. It is substantially
printed and hound—a book you will
want to keep permanently. If will be of
great value to you, hut we send it FRKE.
KRIEBEL f? CO.
/-VT JSSTMAVT RANKERS
L<% KV7 So Salic St," Oricafto
U. S. Imports and
Exports Decrease
WASHINGTON, Feb. 25 —United States
exports and imports both decreased for
January this year compared with Janu
ary, *1920, the Department of Commerce
announced today.
Imports for January were $209,000,000,
compared with $266,000,000 for December
1920, and $474,000,000 for January, 1920.
The January Import total this year is
the smallest for any month since Feb
ruary, 1918.
Exports for January, 1921. were $655,-
000,000, compared with $721,000,000 for
December 1920, and $722,000,000 for Jan
uary, 1920. v
The excess of exports over Imports for
January this year was $446,000,000, com
pared with $248 000,000 for January, 1920.
Says Breathing Tips
Off One's Character
PARIS, Feb. 25.—" Show me how you
oreathe and I will tell you what you
arc,” is anew theory advanced by Dr.
Maingot, of the French Academy o'
Medicine, who says he can tell a per
son’s character by X-raying his or her
respiratory organs.
Dr. Maingot state* that handwriting
often reveals a person’s character, but
points out that handwriting is taught
and is therefore the fruit of one's edu
cation while breathing iB one of the nat
ural gifts of life.
In breathing, according to the French
doctor, inspiration spells activity and ex
piration that of rest. He has submitted
various patients to his X-rays and on
the spot has been able to tell them their
character and their faults. To a young
man of 22 he said:
"You are timid and often undecided
The Field Is Unlimited—
The Future Unmeasured —for the
Stevenson Multiple Cear Shaper
A machine that will ent a complete gear in the *
time it takes to cut one tooth by ordinary meth
ods is sure to have a revolutionizing influence in the
gear-cutting industry. A
1 hat is what the Stevenson Multiple Gear Shaper
will do.
The business has grown so rapidly that it has out
grown its quarters three times in two years and is
now preparing to move into its splendid new plant.
This company is offering, for a short time, a small
amount of stock. If interested, sign and mail the
coupon below for copy of prospectus.
Stevenson Gear Company
942 Daly St., Indianapolis
MAIL THIS COUPON TODAY
STEVENSON GEAR CO.,
Indianapolis, Ind.
Please send me more Information regarding this growing concern.
NAME
ADDRESS
823.
Don’t Wait UntT March Ist.
We Only Have $19,300 Lpft of This Offering.
American Town Lot Company
Real Estate Preferred Stock
Pays 8%
28th Regular Quarterly Dividend Paid February Ist.
Price Par, Yielding 8%. Shares SIOO Each
Local Nontaxable Security. Also Free From Normal Income Tax
GROWTH OF COMPANY
YEAR ENDING ASSETS
Sept. 30, 1914 $662,681.67
Sept. 30, 1915 $741,329.50
Sept. 30, 1916 $837,720.89
Sept. 30, 1917 $967,247.84
Sept. 30, 1918 $972,867.61
Sept. 30, 1919 $1,111,223.16
Sept. 30,1920 $1,229,460.38
This company is one of the largest and strongest real estate
concerns in Indianapolis, and its preferred stock, which has never
paid less than 8%. and is based entirely on real estate, has the
safety of a real estate mortgage bond, with the advantage of be
ing free from taxes.
Orders may be telephoned or telegraphed at our expense. •
LAFAYETTE PERKINS
918 Fletcher Trust Building
Phones —Automatic 22-635* Bell, Main 4295.
Licenced Dealer, Indiana Securities Commission, No. S3.
You have great difficulty In getting out
of bed.” To an older person he said:
"You are sentimental and easily moved
and yet you are capable of heroic ac
tions." In both cases the patients real
ized the truth of these statements.
Dr. Maingot is attempting to introduce
“Phresnocopie” at the courts, and as
serts it would be useful in revealing thpl
character of criminals and witnesses.
Horses Move Object
Autos Couldn't Budge
GRAND JUNCTION, Colo., Feb. 25.
The truck horse may be obsolete In the
East, but Grand Junction city officials
claim the real old-fashioned "horse
power” has proved more efficient than
any tractor or automobile horsepower to
be found locally.
The city wanted to move Its five-ton
rock crusher from the river bed to a lo
cation across town and had to use skid*
to sled the machine. A forty-horsepower
tractor, aided by several automobiles,
was unable to budge the heavy crusher,
but six powerful horses were attached to
the crusher and snaked it through the
streets. j
Massachusetts Not j
Alarmed Over Typhiral
BOSTON, Feb. 25. —There is no typhus
in Massachusetts, according to Dr. Ber
nard W. Carey in charge of the Infec
tious and communicable disease section
of the State board of health.
There has been no suspicion of the
disease here for two years and a half,
according to this official, who declared
that there is no need for alarm.
Fire and Burglar Proof Safes and
Vault Doors
Real Fireproof Filing Sales
In Five Sizes
From 20x30 to 40x00 inside. These safes can be
equipped with any steel filing system. A com
plete line of office furniture and equipment.
Aetna Cabinet Company
Display rooms 321-320 W. Maryland, Indianapolis