Indiana daily times. [volume], March 09, 1921, Last Home Edition, Page 10, Image 10

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

Image provided by: Indiana State Library

                
10
STOCK MARKET
OPENS STEADY
Important Changes to Lower
Figures.
NEW YORK. March There was lit
tle change in trading conditions at the
opening of the stock market today.
Dealings wore quiet, with price changes
generally confined to fractions. The im
portant movements, however, were to
lower figures.
United Fruit was again in supply,
dropping 1% points to 98%.
American Smelting u < another weak
issue. declining l** points to 38%.
Crucible slumped over 1 point to 91%,
and Baldwin, after selling up to 891s.
dropped to 88Vi.
Fteel common rose to 81%.
The market showed a steady tone
throughout the forenoon, and although
few specialties were subjected to pressure,
the leading issues were not much
changed.
United States Steel yielded from 81%
to 81%. while Baldwin dropped from 89 %
to SSVi, and then came back to 89.
Invincible Oil was In supply, falling
over 1 point to 17%. while Mexican
Petroleum rose 2 points to 157.
Royal Dutch was in demand, making
a gain of nearly 2 points to 82.
General Motors was sold in large blocks,
falling to 12%. equaling the low record
of last December.
Studebaker rose 1 point to 60%.
The rails were heavy. Northern Pacific
was down 1 point at 79%.
(By Thomson & McKinnon.)
—March 9
The anxiety that prevailed Monday
afternoon with reference to the repara
tion problem, gave way to a more cheer
ful feeling yesterday, business inter
ests having h;.d sufficient time to con
sider the matter and evidently came to
the conclusion that the matter finally
would be settled In n satisfactory man
ner, and this more confident feeilng was
reflected In a steadier stock market. But
there was still a noticeable absence of a
public demand for stocks, the demand
being mainly from the more professional
element nnd as soon as satisfied the tone
of the market changed and gradually
selling pressure Increased.
United Fruit was one cf the active is
sues Tuesday. This stock has been rather
freely marketed recently, and has given
rise to a suggestion that the American
International Corporation was probably
liquidating its holdings, but as to this
there is absolutely nothing of an authen
tic nature and may be classed as one
of the ordinary market rumors that may
or may not be founded In fact.
From the West we are getting more
optimistic statements as to conditions of
business. The reserve bank of Kansas
City made mention of the improvement in
Its last letter, and yesterday we had a
similar statement from a leading Chicago
banker.
There is nothing at the moment calcu
lated to create any material increase in
market activity* It is undoubtedly in a
position technically to respond promptly
In the event of favorable news.
TWENTY STOCKS AVERAGE.
NEW YORK, March 9.—Twenty in
dustrial stocks averaged 74.91 per cent,
off .35 per <-ent. Twenty active rails av
eraged 72.54 per cent, off .33 per cent.
CLEARING HOUSE STATEMENT.
NK \\ YORK. March 9. Exchanges.
$550,520,993; balances. $(51,488,215; Fed
eral Reserve Bank credit balances, $49,-
821,258.
Money and Exchange
Indianapolis bank clearings today were !
$2,419,000. against $3,003,000 a week ago.
NEW YORK, March 9.—Foreign ex
change opened strong todav with demand
Purling IV 4 C higher at $3.87%. Franc
cables yielded 2 centimes to 7.04 c for
cables and 7.03 c for checks. Lire were
unchanged at 3.06 c for cables and 3.65 c
for hecks. Belgian cables were 1 point
higher at 7.35 c for cables and 7.34 c for
checks. German marks wre 3 points up
at Ls6c. Guilder were 5 points higher
at 3.430 c for cables and 2.230 c for checks.
NEW YORK CALL MONEY.
NEW YORK, March B.—Money—rail
money ruled 7 per cent; high, 7 per cent;
Joy. ”_P er <*ent. Time rates, steady, ali |
6% to 7 per cent. Time mercantile paper,
steady. Sterling exchange was weak with
business In bankers’ bills at $3 80% for
demand.
MOTOR SECURITIES.
(By Thomson & McKinnon.)
—March 9
—Opening—
Bid. Ask
Briscoe 15 17
Chalmers com 1 IU,
Packard com 11 nu
Packard pfd ”0 75
Chevrolet 150 400
Peerless 23 25
Continental Motors com 5% and%
Continental Motors pfd 85 90
Hupp com 12% 13%
H"PP Pfd 88 92
Reo Motor Car 22% 22%
Elgin Motors 5% “at*
Grant Motors 3 31.,
Ford of Canada 280 285
United Motors 35 ~GS
National Motors 4 g
Federal Truck 21 22
Paige Motors 19% 21
Republic Truck 20 22
ACTIVE OIL STOCKS.
(By Thompson & McKinnon.)
—March 9
—Opening— j
Bid A'k
Anglo-American Oil 17% 18%
Atlantic Refining 980 1030 1
Bome-Scrymser 375 400
Buckeye Pipe Line 82 84
Cheaebrougb Mfg. Cons 19 2OO
Ches. Mfg. Cons, pfd , 100 I<4
Cont. Oil. Colorado 100 113
Cosden Oil A Gas 5% 6
Crescent Pipe Line 29 31
Cumberland Pipe Line 130 140
Elk Basin Pete 8% 9
Eureka Pipe Line 97 Its)
Galena-Signal Oil. pfd (new) 90 95
Galena-Signal Oil com 44 47
Illinois Pipe Line 165 170
Indiana Pipe Line 84 86
Merritt Oil 12 12% !
Midwest Oil 1 1%
Midwest Rfg 138 140
National Transit 27 28
New York Transit 148 153
Northern Pipe Line 92 97
Ohio Oil 279 283
Penn.-Mex 30 34
Prairie Oil & Gas 465 475
Prairie Pipe Line 196 200
Snpulpa Rfg 4% 4%
Solar Rfg 400 415
Southern Pipe Line 100 105
South Peun. Oil 215 223
Southwest Penn. Pipe Lines. 69 72
Standard Oil Cos. of Cal 298 303
Standard Oil Cos. of Ind 69% 69%
Standard Oil Cos. of Kan.... 585 600
Standard Oil Cos. of Ky 400 415
Standard Oil Cos. of Neb 425 450
Standard Oil Cos. of N. J 140 150
Standard Oil Cos. of N. Y 330 335
Standard Oil Cos. of 0hi0.... 380 390
Swan & Finch 40 50
Union Tank Line 106 110
Vacuum Oil 3>o 310
Washington Oil 28 32
NEW YORK CURB.
(By Thomson & McKinnon.)
—March 8—
—Closing—
Bid. Ask.
Curtis Aero, com 3 5
Curtis Aero, pfd 10 20
Texas Chief 7 13
First Nat. Copper % 1%
Goldfield Con 7 9
Havana TobJcco 1 1%
Havana Tobacco, pfd 4 7
Central Teresa 3 4
Jumbo Extension 4 6
Internat. Petroleum 15 15%
Nlpisslng 7% 7%
Indian Pkg 2% 8%
Royal Baking Powder 113 115
Royal Baking Powder, pfd. 79 81
Standard Motors 7 7%
Salt Creek 24 30
Tonopah Extension 1% 1%
Toaopah Mining 17-16 916
United P S new 1% 1%
U. S. I.ighr and Heat-. 1% 1%
U. S. Light and Heat. pfd... 1 4
Wright-Mattin 4 6
World Film 1-16 3 16
Yukon Gold Mine Cos % 1%
Jerome % 3-16
New Cornelia 14 16
United Verde 26 28
Beq(toyah 5-16 7-16
Omlr Oil ...... 2% 2%
Rep. Tirs ...... % 1%
N. Y. Stock Prices
—March 8— Prev.
High. Low. Close, closa.
Ajax Rubber... 28% 28% 28% 28%
Allis Chalmers.. 35% 34% 34% 35%
Am Agricnl 48% 48 48% 47%
Am. Beet Sugar 44 43 43% 44
Am. B. Mag. Cos. 53% 53% 53% 53%
Am. Car & Fdy.124% 122% 122%
Am. Can 27% 28% 28% 29
Am. H & L com. 9 9 9 9
Am. Drug 6% 6% 6%
Am. Inter. Cor.. 44% 4t% 44 44%
Am. Loco 86 85% 85% 86
Am. S. A Ref.. 40% 39% 4040%
Am. Sugar Ref. 91% 89 90 91%
Am. S. Tob. Cos. 85% 81% 84% 85
Ain. Steel Fdy. 29% 29% 29% 30
Am. Tel. A Te 1.102 101% 102 101%
Am. Tobacco.. .118% 118% 118% 118%
Am. Woolen... 64% 63% 64% 64
Am. Zinc A Ld. 8% 8% 8% 8%
Ana. Min. C 0... 38 37% 37% 58
Atchison 82 81% 81 82%
At. Gulf A W.I. 41 39% 41 40
Baldwin Loco.. 89% 88% 89 88%
B. A 0 33% 33 33 33%
Beth. Steel (B). 57% 56% 57% 57
Can. Pac. Ry.. 113% 113% 113% 113%
Cent. Leather.. 58% 38% 38% 38%
Chandler Mot... 72 70% 71% 71
C. A 0... 59% 58% 58% 59%
C.. M A St. P. 26% 26% 26% 20%
CM. A St.P.pfd. 41% 40% 40% 41%
Chi. A N. W... 07 66Vi 66% 67
C.. R. I. A P... 27 26% 26% 26%
C.R I A P.6'7 pfd 61% 61% 61% 62%
Chili Copper.... 10% 9% 10 11
Chino Copper.. 21% 21% 21% 21%
Coca-Cola 21% 20% 20% 21%
Columbia Gas.. 59 58 58 59
Columb. Graph. 8% 8% 8% 8%
Cont. Can 58 58 58
Cont. Candy.... 1% 1% 1% 1%
Corn Products.. 71% 71 71% 71%
Crucible. Steel.. 94 91% 92% 92%
Cub.-Am. Sugar. 29% 28% 29% 29%
Cuba Cane Sug. 23% 22% 22% 23%
Dome Mines 15% 15% 15% 15%
Kndicott 60% 59 59% 60
Erie 13% 13 13 13%
Erie Ist pfd.... 19% 19% 19% 19%
I Famous Players 66% 66 66 66
.Fisk Rubber... 14% 14% 14% 14%
I General Asphalt 56 54 % 55% 54%
I Gen. Electric.. .134 133 134 133%
I General Motors. 13% 13 13 13%
! Goodrich 37% 37 37 37%
Gt. North, pfd.. 74% 73Vi 73% 74%
Gt North. Ore. 31% 31% 41% 31%
i Houston 0i1.... 67% 66% 67% 67%
! Illinois Central. 88% ,SB% 88% BS%
. Insplr. Copper.. 33% 33 33 33%
Interboro Corp. 4% 4% 4% 4%
Inter Harvester 97 97 97
Inter Nickel 15 15 15 15%
Inter Paper.... 55 53% 54% 54%
Invincible Oil.. 20% 19% 19% 20%
K. C. Southern. 23% 22% 23 22%
Kelly-Spg. Tire. 40% 39% 39% 39%
Kennect. Copper 17% 17 17 17%
Lacka. Steel.... 55 55 55 55
Lehigh Valley.. 52% 52 52% 03%
Leows, Inc 17% 16% 17 16%
L. A N 99% 99% 99% 100
Marine, com. .. 14% 13% 14% 14%
Marine, pfd. ... 51% 50% 50% 51%
Max. M„ com. .5 5 5 ....
Max. M., 2d pfd. 8% 8% %
Mex. Petroleum. 157% 154% 156% 155%
Miami Copper . IS 17% 17% 18Vi
Mid. States Oil . 13% 12% 12% 13%
Midvale Steel .. 30% 30% 30% 30%
M„ K. A T 2% 2% 2% 2%
Missouri Pac. .. 18% 18% 18% 18%
Nat. En. A Stp. 57% 57 57 58
Nat. Lead 72 72 72 ....
Nev. Con. Cop. . 10% 10% 10% 10%
N. Y. Central .. 70% 70% 70%
New Haven 18% 18% IS% 19
Northern Pac. . SO%
Okla. P. A Ref . 3% 3% 3% 3%
Pacific Oil 30% 30 30% 29%
Pan-Am. Petrol. 74% 73% 74% 74%
Penn. Ky 38% 38 38 % 38%
Peoples Gas ... 4040 4040%
Pierce-Arrow .. 26% 25% 25% 26%
Pierce Oil C 0... 10% 10% 10%
Pittsburgh Coal 58 58 58 58%
Pressed Stl. Car 89 89 89 .89%
Pull. Pal. Car .105 104% 105 104%
Pure Oil 33 32% 32% 35
Ray Copper ... 12% 11% 11% 12%
Reading 74% 73% 73% 73%
Rep. Iron A Stl.. 66% 66 66% 66%
Replog e Steel .26 25 % 25% 26
Ryl. Ptch.. N. Y. 60% 60 60 % 60%
Sears-Roebuck . 78% 78% 78 7S
Sinclair 23 22% 22% 22%
Sloss-Sheffield . 44 42 42 45
South. Pac 70% 75%
Southern Ry.... 21% 21% 21% 21%
Stan. Oil. N J.p.106% 106% 106% 106%
St. L. AS F. com 21% 21% 21% 21%
Strombcrg Carb. 32% 32 32 5;,%
Studebaker 60% 59% 59% 59%
Term. Copper... S% 8% 8% 8%
Texas Cos. . 41% 41% 41 Vi 41%
Tex. A Pac 22% 22% 22% 22%
Tob. Products.. 53% 52% 53 5.",i;
Transcont. OIL. 8% 7% 8% 8%
Union Oil 20% "90% 20% 20%
Union Pac 120% 119% 120 120%
United R. Stores 5;;% 52% 53% 53%
U S. Food Prod 22% 22 22 22%
United Fruit C 0.102% 98% 100% 102%
U. S. Rubber.... 67% 66% 67% 67
U S. Steel 81% 81% ,M\ 81%
U. S. Steel pfd..109% 109% 109% 109%
Utah Copper .. 49% 48% 48% 49%
Vanadium Steel. 35% 32% 33% 33%
Wabash Ist pfd. 20% 20 20 20
W. Maryland 10 9% 9% 10
Westinghouse .. 47% 46% 46% 47
White Motors... 39% 38% 38% 39%
Willys-Overland 7% 7% 7% 7v„
Worth. Pump... 47% 47% 47% 48
NEW YORK LIBERTY BONDS.
—March 8— Ptev.
High. Low. Close, close.
L. B. 3%s 90.86 90.72 90.72 90.86
L. B. Ist 4s 86.90
L. B. 2d 4s 85.96 86.86 86.96 86.92
L. B. Ist 4Vis.. 87.20 86.90 87.00 87.10
L. B. 2d 4%5. .. 86.98 86.78 86.86 86.90
L. B. 3d 4%5... 90.38 90 20 90.30 90 28
L. B. 4th 4 % s.. 87 20 87.02 87.06 87.1 t
Vlotorv 3%S 97.50 97.46 97 50 97 48
Victory 4%5... 97.50 97.46 97.48 97.18
CHICAGO STOCKS.
(By Thomson & McKinnon.)
—March 8—
Open. High. Low. Close.
Arm. Leather... 12%
Armour pfd ... 92%
Oarbl. & Carbo. 53% 54 53% 53%
Libby 11 11 10% 10%
M-Ward 17%
Nat. Leather... 8% 8% 8% 8%
S-Roebuck 78 78 77% 77%
Stewart-Warner. 32% 32% 31% 32
Swift Internat.. 25% 25% 25% 25%
Piggly Wiggly.. 15
NEW YORK METAL MARKET.
NEW YORK, March 9.—Copper—Weak ;
spot, March, April and May offered, l‘J%c.
Lead—Quiet; spot, March and April of
fered, 4.30 c. Spelter—Steady : spot and
March offered, 4.85 c; April offered, 4.95 c.
NEW YORK WOOL MARKET.
NEW YORK, March 9.—The wool mar
ket was barely steady today. Domestic
fleece, XX Ohio, was quoted at 24015 c
per lb; domestic pulled, scoured basis, at
18075 c. and Texas domestic, scoured ba
sis, 40082 c.
XEW YORK HIDE MARKET.
NEW YORK, March 9.—Hides were
quiet, with native steers at 12c per lb.
and branded steers 10%c.
NEW YORK RAW SUGAR.
NEW YORK, March 9.—The raw sugar
market was firm toilay, with Cubas quot
ed at 6.02 c per lb., duty paid, and Porto
Ricos, 6.02 c, delivered.
NEW YORK REFINED SUGAR.
NEW YORK, March 9.—Refined sugar
was steady today with fine granulated
quoted ut 7.7s@tsc per lb.
NEW YORK PETROLEUYI.
NEW YORK. March 9.—Petroleum was
steady today with Pennsylvania crude
quoted at $3 per barrel.
In the Cotton Market
NEW Y'ORK, March 9.—The cotton
market had a much better tone today,
both here and in Liverpool.
Values at the latter point were aided
by an improved demand for the spot
article.
First prices showed gains of 28 to 35
points, with Wall street and room shorts
the best buyers.
Offerings were supplied by New Orleans
and spot houses, but the list held most of
its advance and at the end of the first
twenty minutes was about 27 points net
higher.
New Y'ork cotton opening: March,
11.50 c; May, 11.95 c; July, 12.42 e; October,
13.06 c; November. 13 10c bid; December,
13.30 c; January, 13.37 c.
LIVERPOOL. March 9.—Spot cotton
opened quiet with prices steady and sales
approximating 5.000 bales.
American middlings were fair. 10.64d;
good middlings, 8.34d; full middlings,
7.74d; middlings, 6.99d; low, 6.09 J; good
ordinary, 4.84d; ordinary, 4.09d.
Futures opened steady.
SWINE PRICES
NEAR sl2 MARK
Hogs Generally 25 to 35 Cents
Higher—Cattle Strong.
RANGE OF HOG PRICES.
Good Good Good
March Mixed. Heavy. Light.
5.510.75011.00 $10.50010.75 $11.00@11.36
4. 11.00@11.25 10.75 @ 11.00 11.25@11.60
6 11.15@11.35 10.50@ 11.00 11.25 @ 11.50
7. 11.00 10.50@10.75 11.00@ 11.40
8. 11.00@11.25 10 75@11.00 11.25@11.50
9. 11.25 @ 11.50 11.00@11.25 11.50@11.85
With another light run and a strong
demand for swine, prices were again
higher at the opening of the local live
stock exchange today. Practically all
grades were 25 to 35 cents higher, with a
top of $11.85 on two or three loads of
good light hogs, while the bulk of sales
for the short session ranged at $11.50®
11.75, the hulk of the hogs being light.
There was a rush for the hogs at the
very start with all buyers in the mar
ket. Outside of a few scattered lots the
entire market receipts wers sold dur
ing the early hours.
Good mixed iiogs generally brought
sll 23© 11-59. while heavy hogs sold at sll
(<i 11.25, with the bulk of that grade at
$11.25.
Roughs were 50 cents higher in cases
at SBO9. while pigs were fully 25 cents
higher in instances at *10.50011.( 5.
There were reports that one or two small
droves of swine brought sl2. but the
sales could not be confirmed. However,
it was the opinion of some of the com
mission men that prices will go higher
within the next few days if the Hght re
ceipts of the last few days are kept up.
None, nevertheless, would venture to
state how much higher the market would
go should the conditions continue as
of the prices of heavy and
light hogs is also looked for. .
There was a good strong tone to trade
on the cattle market and. although prices
were considered no more than steaaj,
there were u few exceptional cases where
good classes of cattle were higher. The
class of steers that last week brought
$7 5008 were in cases 50 cents higher,
while good bulls were strong, t anners,
cutters' cows and heifers were generally
st**Bdy
The trend of the prices at the present
time, commission men state, is due to
the graiies of cattle that are being placed
on the market. Better prices would be
paid, they say, if better cattle were p.aeed
on the market. .
Receipts for the day were again light,
approximating 700 fresh cattle and a few
stale cattle left in the alleys from the
last few days <C trade.
Prices on the calf market held about
steady with the close of the Tuesday mar
ket. with a top of sl3 on a few choice
calves and the bulk of that grade at
$12012.50. Prices on other grades were
steady. There was a fair demand for all
grades of calves at the prevailing prices.
Receipts for the day were close to 400
fresh calves.
Receipts on the sheep market were
again very light, with only a few sheep
and a number of lambs to make the total
receipts approximately 50. Prices could
be said to be no more than steady.
HOGS.
Best light hogs. 100 to 200 lbs.
a vera ge 11. a 11.85
200 to 300 lbs 11.00@11.25
Over 300 lbs 10.50© 11.00
Sows 8000 91,0
Best pigs, under 140 lbs 10.50011.^5
Bulk ol sales 11.50011.73
CATTLE.
Prime cornfed steers. 1,000 lbs.
and up 9.00010.00
Good to choice steers. 1.200 to
1.300 ibs 9.00© 9-2 o
Good to choice steers, 1,100 to
1,200 lbs 8.000 B.uo
Medium steers, 1,000 to 1,100
lbs 7.750 8.50
Common to medium steers,
800 to 1,000 lbs 6.000 7.00
—Heifers and Cows —
Good to choice heifers 8.500 9.50
Medium heifers 7.000 8.00
Commou to medium heifers.. 4.500 600
Good to choice cows 6 500 7 50
Fair to medium cows 5.000 6.00
Cutters 3 25 0 4 oO
Canuers 2.000 3.00
—Bulls—
Good to choice butcher bulls. 5.500 6.25
Bologna bulls 6 000 5.50
Light common bulls 4.000 5.00
—Calves—
Choic'e veals 12.00012.50
Good veals 10 .<OOIISO
Medium veals 9.011@10.09
Lightweight veals 6(HO 800
Common heavyweight calves. 4.000 <oO
—Stockers and Feeders—
Good to choke steers, under
800 lbs 7 250 8.25
Medium cows 5 000 5.25
Good cows 5.250 5.<3
Good heifers 5.750 6.25
Medium to good heifers 5.250 6 25
Good milkers 50.000100.00
Stock calves, 250 to 450 lbs.. 5 250 8.25
SHEEP AND LAMBS.
Good to choice sheep 2.000 3.00
Fair to commou 1.560 2.00
Bucks 2.000 2.30
Cull sheep 1.000 1.50
—Lambs —
Common to choice yearlings 4.500 6.00
Spring lambs 6.000 8.00
Other Livestock
CHICAGO, March 9.—Hogs—Receipts, I
18.000; market 15035 c up; bulk, SIOO I
1125; butchers, *10010.50; packers. 18 90 i
09.80; lights, *1011.35; pigs, *10.500
1125; roughs, *8.6508,90. Cattle—Re
ceipts. 6,(KM); market 15c up ; beeves, $7.75
011; butchers, *609.75; canuers and cut- |
ters. *2.7506; stockers and feeders, *6.25 !
09.50; cows. *508.10; calves, *9012.25
Sheep —Receipts, 11000; market 25c up;
lambs, $5.50010.75; ewes, *2.2506.25.
CINCINNATI, March 9.—Hogs—Re
ceipts, 3.200; market, 25050 c higher;
heavy hogs, $11011.75; medium, mixed
and lights. sl2; pigs, $10.50; roughs, 19;
stags, $6 2506.50, Cattle —Receipts, 400;
market, strong to 50 cents higher; bulls,
steady; calves, $12.50013. Sheep and
lambs —Receipts, 350; market, slow,
steady; sheep, $1.5005.50; lambs, SSO
10.25.
CLEVELAND, March 9 Hogs— Re
ceipts, 3,500; market slow; yorker, $16.50;
mixed, $11.00; medium, $10; pigs, $11.30;
roughs, $7.30; stags, $3.50. Cattle—lte
ceipts, 3,00t>; market slow. Sheep and
lams -Receipts, 1,000; market steady;
top, *10.25. Calves —Receipts, 450; mar
ket steady; top, $14.75.
PITTSBURGH, March 9.—Cattle- Re
ceipts light; market steady; choice, $9.75
@10.23; good, $909.30; fair, $8.3009.25;
veal calves, $13.50014. Sheep and lambs
—Receipts light; market steady; prime
wethers. $6.7507; good, $606.50; mixed
fair, $505.75; spring lambs, $10.50010.75.
Hogs--Receipts, "0 double decks; market
steady; prime heavies, $10.50010.85; me
diums, hs-avy yorkers, light yorkers and
pigs, $11.85012; roughs, $809; stags,
$305.50.
EAST ST LOUIS, 111., March 9.
Cattle —Receipts, 2,500; market, 15@25c
up; native beef steers, $909.50; yearling
beef steers and heifers, $909.75; cows,
$707.25; stockers and feeders, $7,250
8.50; calves, $11.50012; canners and cut
ters, *404j50. Hugs—Receipts, 1,500;
market, 10015 c up; mixed and butchers,
$11.25011.60; good heavies, $10.60011;
rough heavies, $8.2508.75; lights, $11,400
11.60; pigs, $10.75011.50; bulk of sales,
$11.25011.50. Sheep—Receipts, 150; mar
ket nominal; ewes. $505.25; limbs, s9@
9.75; canners and cutters, $lO3.
EAST BUFFALO, March 9.—Cattle-
Receipts, 250; market, active, steady;
shipping steers, $9.50010.25; butcher
grades, $8.5009x50; cows, $2.5007. Calves
—Receipts, 300; market, active; culls,
choice, *4.50014.50. Sheep and lambs—
Receipts, 600; market, active, steady, 25c
up; choice lambs, $lO 50011; culls, fukr;'
$H@lO; yearlings, $7 5008.30; sheep, S3O
7.25. Hogs ite-eipts, 2,000; market,
slow, steady; Yorkers, $11.73011.85; pigs,
$11.75011.85; mixed, $11.50011.73; heavies,
$10.50011.25; roughs, $808.50; stags, $5.50
@6.50.
INDIANAPOLIS PRODUCE.
Eggs—Fresh, loss off, 26c.
Poultry—Fowls, 23c; springers, 22c;
cocks, loe; stags, 16c; old tom turkeys,
35c; young tom turkeys, 12 lbs and up,
40c; capons, 7 lbs and up, 42c; young
hen turkeys, 8 lbs and up, 40c; cull, thin
turkeys not wanted; ducks, 4 lbs and up.
23c; ducks, under 4 ibs, 20c; geese, 10
ilbs and up, 20c: squabs, 11 lbs to dozen,
$7; guineas, 9-lb size, per dozen, $6.
Butter—Buyers are paying 53c for
creamery butter delivered at Indianap
olis.
Butterfat —Buyers are paying 48c for
ereem delivered at Indianapolis.
INDIANA DAILY TIMES, WEDNESDAY, MARCH 9,1921.
GRAIN MARKET
SHOWS STRENGTH
After Weak Start, Prices Gain
Steady Trend.
CHICAGO, March 9.—Following a sharp
break in the grain market at the open
ing today, some strength developed and
prices held fairly steady in later trading.
The drop was catyted by the Govern
ment crop report of the large amount
of wheat held In reserve on farms. There
was considerable buying on the drop
which steadied the market. Provisions
were irregular.
March wheat opened off 3%c at $1.63,
but regained l%c in later trading. May
wheat opened off 3%e at $1.56% and held
that figure subsequently.
May corn opened off %c at 69%e and
gained %c later. July corn opened off
%c at 44%c and dropped %c additional
before the close. July oats opened at
43%c, off %e, and advanced 3%c later.
(By Thomson A McKinnon.)
—March 9
Wheat —Belief In ample reserves of
coarse grains has been responsible for
moderate liquidation in wheat on the
theory that private estimates of reserves
would be confirmed by the Government.
The Government estimate, as published,
Is a distinct surprise, not only because
it is larger than private estimates, but
because the figures can not be reconciled
with previous estimates of reserves on
Jan. 1. There has been a better export
business in wheat than for some time, but
this item has been without effect as
cash wheat. In ail markets is In very slow
demand and is being sent to elevators
for delivery on March contracts. Weather
over the Southwest is ideal for this time
of the year. The reported action of the
Secretary of the Treasury, relative to ex
tension of foreign credits, certainly will
not improve the continental demand The
size of the farm reserve, the slow milling
demand and the small foreign business,
together with present favorable crop out
look. all argue for lower prices. In ad
dition to this, also, is the state of mind
of the Investing public; in fact, of the
consuming public, there being no desire
to anticipate future wants. We argue
from those conditions that prices will
rule lower, but we suggest that 'he close
adjustment of world's supply warrants 4
little caution in the anticipation of de
clining values
Corn and Oats—Elevators are princi
pal buyers of the daily receipts and the
hedging load is being placed In the
future delivery. The report of reserves
tiken In conjunction with the size of
the visible supply does not suggest any
immediate or ultimate shortage. There
is a quiet, widespread feeling that prices
are sufficiently lower, but at the same
time there Is nothing in the sltuatiou
from which to argue higher prices.
Provisions—The action of provisions
was a reflection of the strength In the
hogs. Nothing has developed to broaden
Interest in the market. The prospect of
labor trouble will curtail new commit
ments.
CHICAGO GRAIN.
—March 9
WHEAT— Open. High. Low-. Close.
March... 1.63 1.68 1.63 1.68
May 1.56% 160% 1.55% 1.59%
CORN—
May 69% 71% 6#% 71%
July 72 73% 71% 72%
OATS—
May 44% 45% 44% 45%
July 45% 46% 45% 46%
PORK—
May 22.00 22.00 21.95 21.95
LARp—
May 12.17 12 17 12.10 12 27
July 12.55 12.67 12.52 12.67
RIBS—
May 11.70 11.85 11.67 11.85
•July 12 20
BY E
May 1.4.3 1 44 1.40 1.44
July 1.25 127 1.22% 1.27
•Nominal.
CHICAGO CASH GRAIN.
CHICAGO, March 9 Wheat—No 2
red. $1.74%; No 4 red. $170: No. 1 hard
winter. $1.70%; No. 2 hard winter, $170;
No. 3 spring. $1 57%. Corn—No. 2 white,
67c; No. 2 yellow. 07c; No. 3 white, 630
63 %c; N*>. 3 yellow, 63064%,-; No. 4
white, OO%061%c; No. 4 yellow, 60%0
62c Oats -No 1 white, 44%©43c; No. 2
white. 44%045c; No. 3 white, 43%@44c;
No. 4 white, 41%043c; stundard, 40%c.
TOLEDO (ASH GRAIN.
TOLEDO March 9 Wheat—Cash and
March. $1.84, May, $1.83. Cora -No 8
yellow, 72c Oats -No. 2 white, 49050 c.
Rye—No. 2, $1.57. Barley No. 2. 79c.
Clover seed Cash (1920) aud March,
*12.40. April, $10; October, $9 40. Tim
nthy—Cash (1918 old), S2CS; cash
(1919 old). $2.75; cash (1920 n.-wi and
March, $2.80; April, $2.85; May, $2 92;
September, $3.17%. Alsike—Cash (new),
*15.30; March, sl4
PRIMARY MARKETS,
(By Thomson A McKinnon.)
—March 8—
—Receipts—
Wheat. Corn. Oats.
Chicago 77,000 1.204,000 362,000
Milwaukee .. 18,00 104,000 23.000
Minneapolis . 281*.(*>0 27,000 27.000
Duluth 14,000 30,000 16,090
St. Louis 121,000 178,000 136,000
Toledo 16,000 32,000 8.000
Detroit 6,000 14.000 6,000
Kansas City. 209,000 81,000 11.000
Omaha 73,000 57,000 16.000
IffUiunapolls... 8.000 121,000 74,000
Totals 831,000 1,911,000 684,000
Year ago... 491,000 852.000 481,000
—Shipments
Wheat. Corn. Oats.
Chicago 22,000 312,000 138.000
Milwaukee .. 3.000 G6,<>oo 15,000
Minneapolis . 147,000 62,000 28,000
Duluth 9,000
St. Louis .... 80.000 116.000 95,000
Toledo 3,000 '
Detroit 4,000
Kansas C’tty. 192,000 21,000 20,009
Oipalia 68,000 80,000 16.000
Indianapolis 18,000 14,000
Totals 624.000 675.000 831,000
Year ago... 276.000 398,000 429.000
—Cfearances—
Dorn. W. Corn. Oats.
New York 09,000
Baltimore ... 111.000
Totals 111,000 69,000
Year ago... 255,1*00
INDIANAPOLIS CASH GRAIN.
—March 9
Bids for car lots of grain and hay at
the call of the Indianapolis Board of
Trade were:
Wheat—No sales.
Corn—-Steady; No. 3 white, 67@68c; No.
4 white, 64%©65c; No. 5 white, 62%@
63%c; No. 3 yellow, 68@69c; No. 4 yel
low, 65066 c; No. 5 yellow, 63%065c ■ No.
3 mixed, 65@66%c; No. 4 mixed, 63%@
65c; No. 6 mixed, 62063 c.
Oats—Steady; No. 2 whits, 46@46%c;
No. 3 white, 45046 c.
Hay—Weak; No. 1 timothy, $26.50021;
No. 2 timothy. $20020.50; No. 1 light clo
ver mixed, $19.50020; No. 1 clover haj',
$l7OlB.
—lnspections
Wheat —No. 2 red, 3 cars; No. 4 red, 1
car; No. 2 hard, 3 cars; No. 3 hard, 1
car; sample, 1 car; total, 9 cars.
Corn—No. 8 white, 3 cars; No. 4 white,
10 ears; No. 5 white, 2 cars; No. 3 yel
low, 4 cars; No. 4 yellow, 7 cars; No. 5
yellow, 3 cars; No. 4 mixed, 6 cars; No.
5 mixed, t car; sample mixed, 1 car; to
tal, 37 cars.
Oats So. 2 white, 12 cars; No. 3 white,
2 cars; No. 4 white, 2 cars; total, 16
cars.
HAY MARKET.
The following are the Indianapolis
prices for hay by the wagon load:
Hay—Loose timothy, new, $21022;
mixed hay, new, *19021; baled, *21023.
Oats—Bushel, new, 45@47c.
Corn —New, Gs@6Be per bushel.
WAGON WHEAT PRICES.
Indianapolis flour mills aud elevators
today are paying 51-70 for No. 1 red
winter wheat, *1.67 for No. 2 red and
*1.64 for No. 3 red.
CHICAGO PRODUCE.
CHICAGO, March 9.—Butter—Cream
ery extras. 48c; creamery flrsta, 47c;
firsts, 39@45%c; seconds, 30@36e. Eggs—
Ordinaries, 29@30c; firsts, 3‘%c. Cheese
—Twins, 25c; Young Americas, 25c. Live
poultry—Fowls, 31c; ducks, 86c; geese,
18@20c; spring chickens, 32c; turkeys,
40c; roosters, 22c. Potatoes Receipts, 40
cars; Wisconsin and Minnesota, $1.35@
1.50.
CLEVELAND PRODUCE.
CLEVELAND. March 9.—Butter—Ex
tra, in tubs, 55%@56c; prints, 56%@57c;
extra firsts, 54055 c; firsts, 63%@54c; sec
onds, 40043 c; packing, 14017 c; fancy
dairy, 30@32c. Eggs—Fresh gathered,
northern extras, 35c; extra firsts, 87c;
Ohio firsts, new cases, 36c; western firsts,
new cases. 34c.x Poultry—Live, heavy
fowls, 34@35c; boosters. 22023 c; spring
chtcksns, Ms; thin grads*. 280S>c.
Local Stock Exchange
—March 9
STOCKS.
Bid. Ask
Indiana Ry. A Light Cos. com 60
Indiana Ry. & Light Cos. pfd. 84 86
Indpls. & N. W. pfd 75
Indpls. &. S- E .pfd 75
Indpls. St. Ry 53 60
T. H., T. & L. Cos. pfu 70 ...
T. H., I. A E. com 2 6
T. H , I. A E. pfd 10 19
City Service, com 235 240
City Service, pfd 66 68
U. T. of ind. com
U. T. of Ind. pfd 6 If-
U. T. of Ind., 2d pfd i
Artvancc-Uumely Cos., com
Advauce-Rumely Cos., pfd
Am. Central Life 235
Am. Creosoting Cos. pfd 89 ...
Pelt R. It., com 60 66
Belt. It R. pfd 44 50
Century ilidg. Cos. pfd 90 ...
Citizens Gas Cos 28 33
Dodge Mfg. Cos. pfd 91% ...
Home Brewing 54
Indiana Hotel com 51 ...
Indiana Hotel, pld 90 ...
Indiana Pipe Line •••
lud. Natl. Life Ins. Cos 4%
Ind. Title Guaranty 59 63
Indpls. Abattoir, pfd
Indt>ls. Gas 42 50
Indpls. Tel. Cos. com 6
Indpls. Tel. Cos. pfd 89 ...
Mer. Pub. Util. Cos., pfd 26
Nat- Motor Car Cos 4 7
Pub. Sav. ins. Cos 2% ■. •
Kduli Fertilizer pfd 43
Standard Oil of Indiana
Sterling Fire Ins. Cos 7% 9%
lan Camp Hdw., pfd 90 100
Van Camp Pack., pfd 90 100
Van Camp Prods, Ist pfd 100
Van Camp Prods. 2d pfd 10*1
Vandalia Coal Cos., com 3%
Vundalia Coal Cos., pfd 6 9%
Wabash Ry., pfd 19% ...
VVabusli Ry., com 6% ...
BONDS.
Broad ltlpple 5s 60 70
Citizens St. Ky. Cos 69
Ind. o>ke A Gas 6s 100
Indian Creek Coal A Min. Cos. ... 100
Indpls., Col. & So. sis 88 98
Indpls. A Martinsville 55.. 65
Indpls. Northern 6s 42 45
Indpls. A N. W. 5s 54% ...
Indpls. A S. E 5s 45 ...
Indpls., Sble. S: S. E. 5s 70
Indpls. St. Ry. 4s 59 65
Indpls. T. & T. 6s 70 74
Kokomo. M. A W. 5s 76 79
T. H., I. A E. 5s 52 57
U T. of Indiana 5s 50 59
Citizens Gas Cos 73% 79
lud. Hotel 2d 6s 9U ...
Indpls. Gas sis 72% 80
indpls. L. A H. sis 7fi 80
Indpls. Water sis 87 90
Indpls. Water 4%s tilt 75
Merchants H. A L 88 88
New Tel Ist 6 94
New Tel L. L>. sis 93% ...
South. Ind, Power 6s 100
LIBERTY BONDS.
Liberty first 3%s 91.10
Liberty first 4s 86.82
Liberty second 4s 86.68
Liberty first 4%s 86.82 87.20
Liberty second 4%s 86 64 8684
Liberty third 4%x 90.10 90.40
Liberty fourth 4%s 8*5.96 97.20
Victory 3%s 97.40 97 62
Victory 4%s 97.46 97.66
Sales—
sl,ooo Victory 3%s at 97.46.
Indiana Crop Report
Reserves of grain on Indiana farms
March 1 show a much larger total than
lust year and for several years preced
ing, according to the report of the Co
operatlng Crop Reporting Service for
Indiana. Issued today.
Much trading among farmers, the poor
condition of roads and price* below the
cost of production are given as the priii
eipal reason* for this condition.
Reserves of corn on Indiana farms
March 1 were 51 per cent of last year's
crop and amount to 93.876,000 bushels,
which is one of the largest reserves ever
reported for the State. This Is due large
Iv to the fact that farmers cannot afford
to soli thetr corn at prevailing prices.
Less stock to feed and the hud condi
tion of roads during the winter also ure
contributing factors.
In 1920 the reserves umounted to 66.
785,000 bushels of corn; in 1919 tho
amount was 56.100.000 bushels and In 1918
It whs 82 646.000 bushels
The quantity of corn that has been or
Is to be shipped out of the county where
grown amounts to 23 per cent of last
year's production, and Is about the aver
age amount, notwithstanding the excep
tionally heavy trading among farmers
that has been carried on.
The quality of the crop Is considerably
above average. 88 per cent being mer
chantable, and ranks with the 1919 criip,
which was o te of the best ever produced
In Indiana.
In a few of the southern counties, where
the crop matured very late, there was
some soft corn and gome that was har
rested a little early has not kept well
Whesf ri serves on Indiana farms Match
1 were 23 per cent of last year's pro
duction and amounted to fi.414.000 bush
els, which is about the usual amount,
although the percentage Is nearly double
the five-year average.
The total wheat crop In Indiana for
1920 was one of the smallest In many
years, but the quality was very good.
Last year the reserves amounted to 5.-
983.060 bushels In 1919 they were 4,-
913 000 bushels and In 1918 they were
4,680,000 bushels.
The quenttty of wheat that has been or
will be shipped out of the counties
where growu amount* to 56 per cent of
the total production.
The growing wheat crops in some
of the northern counties Is In fairly good
condition, hut In some of the eastern and
scutnarn counties th* promise Is not very
bright. The top growth Is very small
In ell sections and plants are not stooling
as well as expected or desired for tills
*f son of the year. Thawing and free
ing weather has done gome damage. Hes
sian fly Is prevalent in nearly every lo
cality.
The reserves of oats on Indlnna farms
March 1 were 44 per cent of Inst year’s
production and amount to 33,825,000 hush
els. v bleb probably Is the largest amount
ever reported at this timt* of the year.
The 19J0 reserves amounted to 17,465,000
bushels; 1919 resetves amounted to 29.-
768.000 bushels, and 1918 reserves to 29,-
723 000 bushels.
The oats erop last year was one of
the largest ever produced in the State
and the quality was considerably above
the avernge.
The amount shipped or to bo shipped
out of the county where grown is 41 per
cent of the crop, which is about the av
erage.
Many farmers are holding their oats
for better prices, the present price be
ing below coßt o,f production, while oth
ers are I grinding them with corn and
feeding them to the stock which is being
prepared for the market.
Tne condition of the roads and con
siderable trading among farmers also
are factors contributing to the heavy re
serves.
Bariev reserves for Indiana farms
March 1 were 29 per cont of last year's
production and amounted to 487.000
bushels, compared with 257,000 bushels
last year, 370,(00 bushels in 1919 and
267.000 bushels In 1918.
The quality of the barley crop was
above average and the amount shipped
or to be shipped out of the country
where grown Is about the same as usual.
This crop is raised In Indiana almost
entirely to be fed on the farms and is
principally grown in a few counties in
the northeastern part of the State.
The acreage o,f barley has Increased
approximately seven times in the last
ten years, but even now there are only
74,100 acres.
WHOLESALE FEED PRICES.
Ton. Cwt.
Acme brand $32.00 $1.65
Acme feed.. 33.00 1.70
Acme inidds *... 35.00 1.80
Acme dairy feed 43.50 2.20
E Z-Pairy feed 34.25 1.75
Acme H. A M 36.25 1.85
Acme stock feed 30.00 1.55
Cracked corn 84.25 1.75
Acme chick feed 49.25 2.50
E-Z-Scratch 37.50 1.90
Acme scratch 39.50 2.00
Acme dry mash 45.50 2.30
Acme hog feed 42.50 2.15
Ground barley 40.75 2.10
Homlick yellow 33.25 1.70
Rolled barley 40.75 2.10
Alfalfa mol 38.50 1.95
Cotton seed meal 40.00 2.05
Linseed oil meal 50.00 2.55
Acme chick mash 49.25 2.50
Red dog 41.00 2.10
FLOUR AND CORN MEAL.
E-Z-Bake bakers’ flour in 98-lb. cot
ton in bags $10.35
Corn meal In 100-lb. cotton bags... 2.08
ALLEN COUNTY
BILLS SIGNED
Governor’s O. K. Placed on
Several Measures.
The Allen County legislative delegation
had its inning in the office of Governor
Warren T. McCray today.
The Governor signed the Dailey bill,
authorizing the appointment of a county
purchasing agent in counties having a
population of KXMHX) or more. The bill
abolishes the present system of purchas
ing supplies for county institutions on a
competitive basis.
Two other Dailey bills signed by the
Governor were House bill 95, increasing
the salaries of city officials in cities of
the second and third classes, and em
powering city councils to fix salaries from
a sliding scale provided in the act, and
House bill 844, amending the 1919 avia
tion flying field act to permit cities or
counties to rent instead of buying fields.
Senate Bill 366, introduced by Senator
William E. Bowers, New Haven, amend
ing the act concerning the erection o.
coliseums by counties, in order that
Allen County may complete*erection of
its building, was also signed.
Persons interested in bills placed be
fore the Governor for signature filled
the office all morning. The Governor
refused to see any one except those in
terested in bills. The Governor's office
was closed this afternoon in order to
enable the Governor to work on bills un
disturbed.
GRAND JURY TO
BE TOLD OF CASE
Reputed Attempt to Influence
Juror Quiz Subject.
That the State was prepared to In
troduce witnesses before the Marion
County grand Jury regarding the alleged
attempt to Influence a prospective Juror
who had been drawn for the Dr. A. A.
Hill Jury in the Criminal Court, was
stated by Prosecutor William P. Evans
today.
"The State desires to know the truth
of this matter and It will be carefully
investigated,” said Prosecutor Evans
Ralph W. Bauman, 4201 Central ave
nue, who was called as a prospective
Juror, stated when being examined as to
liis quallfii ations to sit as a Juror that
he was ''prejudiced” because he had been
called to the office of the headquarters
of the Shank for Mayor Club aqd there
had a conversation with Benjamin A.
Branson, 1562 West Twenty-Sixth street,
concerning the Hill case.
Mr. Branson has denied that he at
tempted to Influence Mr. Bauman and
also states that he did not telephone for
Mr. Bauman to come to the -office.
At the time this took place in court,
Prosecutor Evans stated that he first de
sired to investigate the charge of at
tempted "Jury fixing," and on investi
gation would determine If the matter
should go before the grind Jury.
Today, the proßeeutor said that wit
nesses w ill be called in the next few days
to testify before the grand Jury.
Bauman was excused as a Juror. Dr.
Hill was found guilty by a jury In the
Criminal Court on a charge of perform
ing a criminal operation which resulted
In the death of the patient. Dr. Hill has
not been sentenced and ts in Jail. Coun
sel is preparing papers asking for a
new trial.
Marriage Licenses
Floyd Shaw. 338 Harlan st 21
La Vera Kane, 2713 College ave 19
John Buebler, 3445 Central ave 43
lea ira Schwelnsberger, 5631 Ashland. 34
Irtl B. Rhondas. 826 Fleteher ave 23
Isabelle Mitchell, 1625 Englllsh ave... 20
Charles Franklin. 2203 Broadway 23
Lenora Hardin. 1023 E. Twentieth st.. 19
William Pointer, Mooresville 19
Fannie I.lttell. 854 W. Thirtieth st... 18
Leslie Moore, Indiannpolls 32
Rosie Perry. 1728 Spann are 19
Raymond Thomas, 922 N. Jefferson st. 28
Gladys Buekhorn, 1237 Woodson st... 18
Harrold Hynes. 1326 ltarth ave 22
Mary White, 1417 Olive st 22
liirths
Sylvester and Thelma Hughes, 872 Vir
ginia, boy.
James and Sallle Tolbert, 1337 East
Market, boy.
James and Pearl Kolland, 66 North
West, boy.
George and Bunia Garrett, 835 Lord,
boy.
Earl and Gledret Freeman, 1417 Reisner,
girl
Edward and Marie Jones, 115 Blake,
girl. •
f.eland and Lillian Hammer, 2053 OliTe,
girl.
Carroll nnd Kettle Hobson, 617 East Mc-
Carty, boy.
Walter and Grace Perkins, 1303 East
Michigan, girl.
Miles arid Hazel Drake, 1206 East Pratt,
boy.
Arthur and Lillian Brabender, 2150 Sin
gleton. girl.
Clarence and Bonnie Clem, 1102 North
Capitol, girl.
Ambroi and Pauline Fulta, 1236 Wade,
boy.
William and Mary Miles, 911 Bates.
boy.
Vernon and Mary Lammert, 1340 West
Thirty-Fourth, boy.
James and Belle Jordon, St- Vincent's
Hospital, boy.
William and Alice Ratz, St. Vincent's
Hospital, girl.
James and Angelia Flanagan, St. Vin
cent's Hospital, boy.
Donald and Virginia Brewer, St. Vin
cent's Hospital, boy.
Joseph and Marie Fulton, 3774 Salem,
girl.
Guy and Dolley Scofield, 1546 South
Harding, boy.
Deaths
Herbert Grnydon Swan, 46, St. Vincent
Hospital, pyelitis.
James Scott, 27, city hospital, fractured
skull, accidental.
Matilda Schneider, 52, 1661 South Tal
bott, chronic myocarditis.
James R. Ware, 62, 1237% South State,
broncho pneumonia.
Ethel Katz, 1, city hospital, scarlet
fever.
Cecil G. Pritchett, 22, Methodist Hos
pital, general peritonitis.
Thomas Bralme, 40, 327 West Twelfth,
acute nephritis.
Lumla Dodge, 50, 910 Coulton, carci
noma.
Jacob Schuster, 53. Methodist Hospital,
streptococcic meningitis.
Jessie Fremont Walker, 59, 2029 Belle
fontalne, cerebral hemorrhage.
George Fricke, 40, Central Indiana Hos
pital, chronic pulmonary tuberculosis.
Lois Woods, 15, Long Hospital, general
peritonitis.
Albert C. Paul, 43, city hospital, acute
nephritis.
Roy R. Brown, 19, 614 Blake, acute
nephritis.
Hay Ammiel Becker, 87, 1430 Hiatt,
pulmonary tuberculosis.
William H. Boone, 58, Long Hospital,
nephritis.
Lawrence Stokes, 26 days, city hospi
tal, atelectasis.
We offer and recommend
INDIANAPOLIS WATER COMPANY
7% FIRST PREFERRED STOCK
1, Forty years of successful operation. 2. Net value of property over ten times this issue.
3. Earnings ten time* the amount of interest payment.
A GOOD INVESTMENT YIELDING 7%
Fletcher American Company
Indianapolis. i . Main 4551
Autoist Dives Out
of Car to Escape
Pedestrian*s Knife
“I’ll kill you.” declared a peevish
pedestrian as he jumped on the running
board of an automobile driven by Charles
Harmon, 3615 East Washington street
last night.
In his hand was a long knife. He
spoke with a foreign accent. His dark
eyes glared and his black mustache made
him look like a villain in a play. Har
mon, who was driving his automobile
east in Maryland street, had almost run
over the man at Virginia avenue.
Harmon showed remarkable agility in
getting out of the automobile, without
even stopping the car, and sprinted for
police headquarters a block away.
W. S. Youngerman, 130 Bosart ave
nue, who was riding with Hanuon, told
the police he did not know anything
about stopping an automobile, but he
got busy and twisted levers and screws
in an effort to halt the car. After the
automobile traveled a block he jerked
the key from the switch and the
automobile, stopped.
When Sergeant Johnson and an emer
gency squad reached the scene the pedes
trian with the long knife and the desire
to commit murder had disappeared.
JOY-RIDE CAR
HITS U. S. TRUCK
Taxi Driver Says Fares Ran
Away With Machine.
A taxicab and an army truck were
wrecked at Capitol avenue and Four
teenth street today, one soldier wus
slightly injured and a man whose iden
tity the police have been unatde to learn,
was cut severely.
Wayne Cummings, 26, a salesman, giv
ing his address as the Hotel Lincoln,
was arrested by Motorpolieemen Drinkut
and Bernauer on charges of driving an
automobile while under the influence of
liquor nnd unlawful possession of an
automobile as a result of the crash.
Sergt. Charles Stinebaugh and Private
William G. Hill were driving the army
truck south in Capitol avenue. When
they turned out to avoid hitting a north
bound automobile the taxi crashed into
the army machine. Stinebaugh was hurt
slightly.
It developed that the taxi was being
taken on a Joy-ride. Wilbur Matlock,
a driver for the Blue Taxi Company, said
he had stopppd the machine at the home
of H. B. Krug, 1244 North Illinois street,
for his fare, after having driven Krug
add two other men on a trip. While he
was inside the passengers left with the
machine and the driver did not find it
until after the wreck.
The police say Cummings was driving
the taxi and that his companion, who was
Injured, made his escape.
TELLS CLOTHING
MEN OF SUCCESS
Ohioan Describes Million-Dol
lar Small Town Business.
The necessity for putting a lot of hard
work into a business to make it a suc
cess was emphasized by G. A. Carver,
Rtrashurg, Ohio, in a talk ou "Building
a Million-Dollar Business in a Town of
1.T00” at thi morning's session of the
fourth annual convention of the Indiana
Retail Clothiers and Furnishers’ Associ
ation at the Claypool Hotel.
He said one of the things decided by
his brother and himself when they took
over their father s store in Strasburg was
that their whole time, ability and
strength belonged to the business. Each
had his own tasks, the work never over
lapping.
He told of the growth of the store
against the competition that a store In
a small town must meet from larger
nearby towns.
The program for the afternoon session
Included an address by Andreas Burk
hardt, Cincinnati, president of the Na
tional Association of Retail Clothiers,
and a talk on Income tax questions by
H. M. Tebay, Department of Internal
Revenue, tax section.
This evening members of the associa
tion will be guests of the Men's Apparel
Club at a banquet and entertainment.
The election of officers of the associa
tion will be held tomorrow morning and
the final session will be he'd in the after
noon.
We Own
Eight Per Cent
Tax Exempt Preferred Shares of the
American Farms Cos.
Absolute Security—Non-Assessable
Indianapolis Securities Company.
Indianapolis, Ind.
Without any obligation on my part. I would like to
have you send me your booklet regarding your tax
exempt preferred shares.
Name
Address
FEDERAL TAX
SPECIALISTS
ACCOUNTING
COST ENGINEERING
APPRAISALS
Doney, Rogers & Cos., Inc.
Hume-Mansur Building.
ESTABLISHED 1917.
Bell Phone MAln 6416.
Automatic 2S-144.
FAILS TO CLEAR
PRECINCT PUZZLE
Conference of Officials Leaves
Problem to City Council.
The city precinct boundary ordinance
muddle today was the cause of a confer
ence < f Irving W. Lemaux, Republican
city chairman; Robert H. Bryson, city
controller and right-hand man of Mayor
Charis W. Jewett; County Auditor Leo
K. Fe ier and County Attorney Harry C.
Hernl. ekson. with the members of the
board of county commissioners.
They are at loss to determine the legal
stops to be taken In .adding city precincts,
• cori'big to Commissioner Harry D.
Tutev.iler.
The law provides precinct boundaries
may l:e changed sixty days preceding the
prima: y, and as the time has elapsed the
boundaries cannot be changed now.
The question now seems to be whether
the city boundaries as fixed by the city
council four years ago or the county
bound-tries fixed by the county commis
sioner. prior to the last county election
are the guide to be followed.
Ano; ier question is whether the com
missi* ; ers after the primary have author
ity to add approximately twenty pre
cincts or whether that power rests
the cit ycouneil.
It was agreed to take the matter up
with the city council. Mr. Hendrickson
said about twenty new precincts are
needed to handle the increased voting
popula; ion of the city due to equal suf
frage.
BURGLAR CUTS
HOLE IN DOOR
Removes Panel and Ransacks
Colorado Street Home.
A burglar cut a panel from a rear
door to enter the home of Horace R.
Mathews, 334 North Colorado street, last
night nd ransacked the house. He took
a revolver valued at $35. a watch and
gold rope chain worth $75 and a small
eum of money. •
Mrs. T. T. Melson, 624 East Seventeenth
street, reported to the police that some
person stole a table cloth from the base
ment of her home.
Park A. Cooling, 2460 Park avenue,
?aid > that while his automobile was
parked at the State Fair Grounds a thief
stole a tire from it.
Mrs. Frank Jordan, 60 North Whittier
place, reported that a thief took a gold
locket worth sls and a string of black
jet beads valued at sls from her home.
John H. Trees, proprietor of a drug
store, 1329 English avenue, reported what
was probably an interrupted hold-up. A
young man entered the store and ordered
a number of drugs. As Trees started
to the rear of the store the man followed
him. When a clerk entered the man ran
ont of the door. He Joined two others
outside and they all ran.
ACCUSED OF PERJURY.
Albert Kuhn, 32, living near Mars HYII,
was arrested by Motorpolieemen Mnllln
and Reilly at the Traction station last
night on a warrant issued in the Shelby
Circuit Court charging perjury. Sheriff
Sexton of Shelby County took Kuhn
to Shelbyvllle.
FINED ON LARCENY CHARGE.
Dessie Richmond, 30, Maple Grove,*
apartment 3, was fined $1 and costs In
city court yesterday afternoon by Judge
Walter Pritchard on charges of petit
larceny. The Richmond woman was ar
rested March 7, when, detectives say,
they caught her stealing merchandisa
in a local department store.
BALLARD PURE KETTLE
RENDERED
LARD
Boiled Ham
and Lunch
Meats
tel®/
V AND /
American Telephone & Telegraph Cos.
A quarterly dividend of Two DoUar*
per share will be paid on Friday, April
15, 1921, to stockholders of record at th*
close of business on Frldcy, March 18,
1921.
On account of the Annual Meeting, th*
transfer books will be closed from Satur
day, March 19, to Tuesday, March 29,
1921, both days Included.
G. D. MILNE. Treasurer.