Indiana daily times. [volume], January 14, 1922, Last Home Edition, Page 13, Image 13

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

Image provided by: Indiana State Library

                
MACHINERY AND TOOLS.
WONDER MIXERS
MIXERS, HOISTS. FCJMPS, ENGINES.
ALL SIZES CARRIED IN STOCK.
BURL FINCH, DIST. 312-20 W. MARI-
Land street.
COAL AND WOOD—FOR SALE.
OWING to still lower
cost of coal at mines
we make the following
further reduction in the
prices of coal:
POCAHONTAS LUMP... 58.50
POCAHONTAS M. RUN. 7.00
INDIANA LUMP 6.25
INDIANA MINE RUN... 6.60
GLENDORA LUMP 7.50
WEST VIRGINIA LUMP 7.75
• EASTERN KV. LUMP... 7.75
COKE—NUT OR EGG... 10.00
Domestic coal rescreened.
The most modernly equipped
coal yard In the state.
City Ice and Coal Cos.
720 E. Washington St.
Main 1098. Auto. LI-8621.
Buy Your Coal
Best Prices
Best coal money can buy guaranteed,
and our guarantee is absolutely good.
Best W. Va. splint lump, fk $7.40
Best Kentucky lump forked 7.40
Best Pocahontas lump, fk 8.40
Best Pocahontas shoveled 1ump...... 8.10
Best Pocahontas mine run 7.25
Best Indiana Cass lump fk ..... 6.50
Best Hamilton lump, fk 6.50
Best Indiana clean lump 6.25
Best Indiana Dugger lump 6.25
Best Cass egg forked 5.50
Best Cass egg shoveled 5.25
Prompt delivery to any part of the city.
Give me your first order and I will get the
second one.
TOM SHROTER, 430 INDIANA AVE.
Circle 1435. Lincoln 5443.
Kindling With Eacn Ton
Best Ind. or Linton No. 4. clean fk..56.50
Best Illinois lump, large, clean fk $7.00
Best Brazil block, clean forked.. SB.OO
Best Illinois egg. clean forked $6.75
Best Brazil egg, clean forked $7.00
Best W. Virginia lump, clean forked.sß.6o
Best Kentucky lump, clean forked
Best Indiana mine run $5.50
High-grade nut and slack $5.00
Delivered anywhere in the city.
Drexel 3280. Stewart 2225.
• Union Ice and Coal Cos.
1910 Bluff.
Slnc 1908. Ask your friends.
Where can you get Pocahontas coal that
you hear spoken of so highly? Why, of
the Ehrlich Coal Cos., of course.
Poca. Lump, $8.25
Ind. Lump, $6.25
We handle ail other grades of the high
quality, and deliver anywhere in the
city.
Elirlic-li Coal Cos.
Main 0906.
MARK NESOM
NO NO
SHORT LONG
WEIGHT WAIT
Call at
52 S. Denny or Irv. 2274.
Linton Lump, $6.25
Kentucky Lump, $7.40
LILLIE & FLYNN COAL CO.
Randolph 7600.
coal] 5
Linton Mine Run, vein 4. $5.50. Best
Linton No. 4 lump, vein 4, $6.25. Brazil
Block, $7.00. Phone Webster 1344 or
Randolph 1721. ,
CASH COAL COMPANY. 1616 Alvord.
WE have a!! kinds of high-grade Coal at
a fair price.
AMERICAN COAL CO.
25th St. and Canal.
RANDOLPH 0927. KENWOOD 9202.
INDIA XA LUMP $6725
KENTUCKY LUMP 8.00
POCAHONTAS SHOVEL LUMP 8.50
call sun.. hr. i. allison. main 2242.
CALL AND GET OUR PRICES ON
KENTUCKY. VIRGINIA, POCAHONTAS.
HITZELBERGER COAL CO.
RANDOLPH 8500.
-SCREENED COAL FOR ALL PUR
■ POSES. FRED GOEPPER & SON.
W Established 1893. '
Belmont 4704. Belmont 4705.
ALL GRADES of coal; no charges for
wheeling in. AMBROSE SIMONS, 233
N. Davidson. Main 9229.
COAL
L. H. BAIN COAL CO.
Main 3531. 212 N. Pine. Main 2151.
ALL kinds of coal; no charge for wheeling
In. JAKE SIMON. 311 N. Pine. C. 1a76.
FINANCIAL.
REAL ESTATE CONTRACTS PURCHA: D
SECOND MORTGAGES PURCHASED
COMMERCIAL PAPERS PURCHASED.
WE ADVANCE RENTS ON LEASES
INVESTIGATE OUR NEW PLAN.
AUTOMOBILE FUNDING CO.
913 HUME-MANSUR. MAIN 3SSB.
LOANS
On furniture, pianos, autos, live stock,
farm Implements and other collateral.
CAPITOL LOAN CO.
141 Vt E. Washington St.
Main 0585. Auto. Lincoln 7184.
ONE SHARE OF STATE SAVINGS AND
TRUST CO. stock for sale. Lock box
235. BATESVILLE, IND
FIP.ST and second mortgages on Indiana
and Indianapolis real estate. R. B WIL
SON. ) N Delaware et. Main 1612.
LEGAL NOTICE.
NOTICE OF APPOINTMENT.
Notice is hereby given, that the under
signed has duly qualified as administrator
of estate of Andrew Hughes, deceased, late
of Marion County, Indiana. Said estate is
purposed to be solvent.
No. 19723. GUY S. McCOY.
MONEY RATES
TIGHTEN ON
LONDON MART
Trade in Stocks and Bonds
Still Continues Quiet With
Values Steady.
GILT-EDGE MART STRONG
LONDON, Jan. 14.—The fall of the
Briand administration was reflected only
on foreign bonds in the stock exchange
yesterday, but no appreciable expansion
of business was noticeable and business
was quiet throughout trade.
The gilt-edged market displayed a
Allying tendency to a moderate degree.
Several foreign bonds were marked down,
due to weakness of foreign currencies on
French news.
The home rail market was quiet and
quotations were disposed to weaken.
Dollar rails were steady and Continental
rails liquidated with a sagging in prices.
Industrial issues had a dull tendency
in nearly the whole range, iron, steel and
engineerings being especially irregular.
The oil market weakened in fear of
Paris sales, but rallied appreciably laier
in the day. Mexican Eagles were 3 23-32,
Shells 4 9 16, Royal Dutch 36%.
% Tightness of money contributed to a
Pfurther hardening of rates in Lombard
street. Overnight monev was up as high
as 3% and 4 per cent, day to day money,
3 per cent, and fixtures 3% per cent. Bar
silver rallied to 35%d and to 35%d for
spot and forward.—Copyright, 1922, by
Public Ledger Company.
CHICAGO PRODUCE.
CHICAGO, Jan. 14. Butter.—Receipts.
5,000 tubs: creamery extras. 32 Vic; firsts.
27®|31%e; packing stock, 16®T8c. Eggs—
Receipts, 8,000 cases; current receipts
34@35e: ordinary firsts. 30'q.32c: firsts.
36c; checks. 24<g25c! dirties. 266/ 27<-
Cheese —Twins, new. 204*21 e ; daisies. 20.®
21 %e; Young Americas. 20®21c; long
horns, 19%®‘20%c; bricks, ls@l9c. fciye
poultry—Turkeys. 35c; chickens, 23c;
springs, 22c; roosters. 17c; geese, 19c:
ducks. 29c. Potatoes —Receipts, 31 cars;
Wisconsin's, $24/ 2.15 per 150-Ib. bag;
%;nnesotas, $1.90@2.10; Red Rivers.
s£@2.os.
STOCKS ACTIVE,
MARKET SHOWS
IMPROVEMENT
Country’s Financial Solidarity
Denoted by Federal Re
serve Ratio Gain.
HIGH LEVELS REACHED
Special to Indiana Daily Times
and Philadelphia Public Ledger.
By MONITOR.
NEW YORK, Jan. 14.—Stocks showed
a notable increase in activity and the
improvement in tone and sentiment was
even more marked. Friday, the thir
teenth, passed without the slightest sem
blance of uneasiness, despite the addition
of the French cabinet crisis to the ele
ment of market superstition. Asa mat
ter of fact, the trading element appeared
to take the same view of the episode that
commonly is entertained regarding
strikes—that it is dangerous news to sell
on, simply because a rapid change foi
the better might be expected at any time.
Moreover, the continued ease of money,
with the ruling rate of 3% per cent,
and the sharp jump in the Federal re
i serve ratio to the new high level of 74.7
furnished offsetting factors of too pro
nounced a character to be ignored. The
statement of the consolidated system fur
nishes ample evidence of the country’s
financial solidarity, as well as the expla
' nation for the decline in rates.
UHs, steels, rails, motors ana numerous
specialties divided attention among tne
; trading element. New hlgn levels were
established by Corn Products, Peoples
Gas, Computing, Tabt#aung and Re
cording and one or two otner uneiassi
j fled issues.
i Much interest was taken m tne
j strength displayed Dy Chandler 'and
| Studebaker, the leaders or the motor
1 group, in connection with the encourag
ing report from the automobile show.
Chandler sales are said to have Deen
unexpectedly large. The iavorabie
Items in the budget or automobile
gossip more than onset the announce
ment or price cuts by the Fora ana
Hupp Motor Companies. Peoples uas,
Public Service Corporation or New Jer
sey and other utilities were strong. The
j steels and equipments reriectcd a dis
position on the part or recent sellers
Ito reverse their position. This was par-
I ticularly the case with Baldwin and
I United States Steel. General Aspnait
j was one or the leaders among the ons.
The recent liquidation In this issue is
J believed to have created tor it a very
j strong technical position.—copyrignt,
j 1922, by Public Ledger Company.
WALL STREET GOSSII’ BY MONITOR.
Strength in the general market was
taken by the financin', district as an in
dication of the belief of important in
terests that the foreign crisis due to
the resignation of Premier Briand and
his cabinet will be passed safely. While
the motor stocks were the favorites of
the trading element, such issues as Pub
lic Service Corporation of New Jersey
and others of that class which ere known
to be sponsored by powerful bankers,
were bought steadily at advancing prices.
Chandler Motors was the strong feature
of the motor group. Accumulation by
powerful interests has been in progress
for some months and all offerings below
50 were absorbed by these buyers It is
breaking no confidence now to say that
Chandler sales during the present New
York motor show have already exceeded
the total sales for eight months last year.
During the slump in the motor trade
recently, four weeks passed when Chan
dler did not ship a car. In two weeks
practically 300 cars were shipped, and
orders now assure large operations for
a long time to come.
Studebaker followed Chandler rather
than led it in advance. Studebaker earn
ings have proved more than satisfactory
to those committed to the constructive
side of (his stock. These earnings are
Such as to give rise to reports that when
the directors meet the last week of this
month, some action may be taken increas
ing the disbursement. In usually well
informed quarters, reports of an extra
payment are not taken too seriously, but
those responsible for the market move
ment of the stock have sufficient con
structive ammunition to rout the very
extensive short interest that exists.
A week ago the first reports of an ad
vance in Public Service Corporation of
New Jersey.* a usually inactive issue,
were circulated. The stock since then
has advanced about eight points, and it is
understood that between 80 and 85 is
the objective of the present move. Buy
ing is based on expectation of an in
crease in the dividend rate from 4 to
6 per cent annually.
One large wire referring to the
general market situation said, "for the
great majority of stocks we are In a
traders market, that paradox in Wall
street in which traders make no money.
The raw sugar market was featured by
the entry of British and Japanese buy
ers who took large quantities at the re
cent low price level All offerings below
2 cents were withdrawn with the result
that sentiment in the trade is much more
optimistic than in recent months. Ameri
can Sugar Refining sold at 60. which was
within a fraction of its recent high.
Profit-taking caused a 1 point reaction
before the close.
Crucible Steel selling ex-dividend was
the weak feature of that group in trad
ing. Judgment against the company in
favor of Samuel \V. Taylor l'or $460,0tX)
called attention to the cash position of
the company as shown by the balance
sheet of Aug. 31. At that time cash
on hand amounted to $2,082,661 plus
$87,000 in Government securities, or a
total of $2,167,061. Since then, the com
pany has obliged Itself for dividend pay
ments amounting to $1,875,000 which,
with the judgment now rendered, totals
more than the cash assets at that time.
Announcement that the Ford Motor
Company will reduce the price of its
cars .Tan. 15, was responsible for the
selling in some of the motor stocks.
There is a general belief that mergers of
a number of the smaller companies will
be consummated during the year as a
matter of self-preservation. The entry
of Ford interests into Lincoln holders
is taken in the trade to mean a widen
ing of the field of Ford competition.
One of the optimistic notes of the day
was a report that twenty mills of the
McKeesport Tin Plate Compuny will re
sume operations Jan. 16, giving employ
ment to 1,500 men.
The second reduction in gasoline prices
in New England this week was an
nounced when the Standard Oil Com
pany posted a quotation of 26 cents per
gallon, a reduction of I cent. Usually
New England prices are 1 cent below
those in this State, and today's announce
ment was taken to foreshadow another
cut in prices here. The oils, while
strong, did not break out of their recent
trading level.
Buying in the copper stocks w r as due in
larg.- measure to the official announce
ment of a resumption of operations by
Calumet and Hecla about April 1. at the
Calumet and Hecla Isle Koval*. Ahmeek
and Allouez mines. The management of
the Calumet and Ilccla long has been
known as one of the most conservative,
and the decision to reopen these proper
ties is interpreted as tangible evidence of
its faith in the immediate future of the
copper industry.
Directors of the Pierce Oil Company
met and declared a dividend of 2 per
cent on the preferred stock. This divi
dend was the payment due in October.
No reference was made officially to the
dividend di e this month.
Dir ctors of Burns Brothers •<!
an initial qurrtci : <i ;> ■?
share on th- A stock and $1.75 •
• n th* preferr and. 1 iwlnr • ■
• Ind or. the 1J sto< k v.us and f .iv.i tin :■ A
log;,; opinion is obtained', but it is • t>•
derstood 50 cents a share is favored by
the directors. The new A stock !u ex
changeable, share for share, for the old
Burns Brothers common, while the pro
ferred corresponds to the old Farrell pre
ferred. Action on the new prior preferred
dividend is expect**d in March. Copy
right, 1922. by Public Ledger Company.
N. Y. Stock Opening
(By Thomson & McKinnon)
Opening.
Allied Chemical 53%
Allis-Chalmers 39%
American Can 34%
American International Corp 40%
Am. Locomotive 105%
Am. Smelt. & Ref 45
Am. Sugar Ref 59%
Am. Sum. Tob. Cos 34%
Am. Tel. & Tel 114%
Am. Woolen 80%
Anaconda Min. Cos 48%
Atchison ~ . 95%
Baldwin Loco : 95%
Calif. Pete 46%
Canadian Pac. Ry 121%
Central Leather 30%
Chandler Motors 54%
C. & 0 56%
Chi., Mil. & St. Paul 18
Chi., Mil. & St. Paul pfd 30%
Columbia Gas 67%
Cosden Oil 32%
Delaware & Lackawanna 114
1 Famous Players 81%
General Asphalt 59
General Electric 140
Gt. Northern pfd 72%
Gulf States Steel 49
Inter. Paper 47%
1 Kelly-Springfleld Tire.. 37
j I-ehigh Valley 59%
! Mexican Petroleum 110%
Midvale Steel 30%
N. Y. Central 74%
Northern Pacific 76%
Pacific Oil 46Vi
Pan-American Petroleum 51%
Penna. Ry 33%
Pierce Oil Cos U %
Reading 74%
Rep. Iron and Steel 53%
Royal Dutch of N. Y 52%
Sinclair 20%
Stewart-Warner 28%
Southern Pacific 80%
Standard Oil Calif 93%
Stromberg Carb 39%
Studebaker 84
Texas Gas and Sulphur 41%
Tobacco Products 64
j Union Pacific 128%
United Retail Stores 52%
U. S. Industrial Alcohol 40%
U. S. Steel 84%
Utah Copper 63%
Western Union 92
White Motors 38%
N. Y. Stock Exchange
(By Thoms n & McKinnon.)
—Jan. 13— t Prev.
High. Low. Close. Close.
Allied Chemical 58% 58 58% 57%
Ajax Rubber... 14% 14 14 14V*
Allis-Chalmers . 39% 39 39% 39
Am. Agricultur. 31 31 31 30%
Am. Beet Sugar 35% 34% 35 34%
Am. Bosch Mag. 36% 35% 36 35
Am. Oar & Fdy.l4B 143% 146
Amn. Can 34% 33'% 34% 33%
Am. II & L com. 12% 12% 12% 12%
Am. H& L pfd. 59% 59 59%
Am. Ice 80 78 80 78
Am. Internatl.. 39% 39% 39% 39%
Am. Linseed.... 31% 30% 31% .....
Am. Locomotive.los% 104 105% 104%
Am. Suit. A Kef. 45 43% 44% 14 %
Am. Sugar Ref. 60 58 59 68%
Am. Sums. Tob. 34% 3354 34% 33%
Am. Steel Fdy.. 33 32% 33 32%
Am. Tel. & Te 1.117% 116% 117% 116%
Am. Tobacco ..133% 133% 133% 132
Am Woolen . . 80% 70% 80% 86%
Am. Zinc & L.. 13% 13% 13% 13%
Anaconda M Cos. 48% 48 48% 48%
Atchison 95% 94% 95% 94%
At. Gulf &W. 1. 29% 28% 29% 28%
Baldwin Loco.. 96 93% 95% 94
B. A- O 35% 34% 35% 34%
Beth. Steel <B) 57% 56% 37% 50 A
Cal. Pete 46V* 45% 40 45%
Canadian P. R. 122 120% 121V* 121
Central Leather 30% 30 30% 30%
Chandler Motors 53% 49% 53% 5o
C. A 0 56% 56% 56 % 55%
Chi. M. A St. I*. 17% 17% 17% 17%,
CMA St P pfd 31 % 36% 30% 30%
Chi. A North.. 03 02 62% 02%
Chi. R I A Pac 31% 31% 31% 31%
C Kl&POpctp 72% 72U 72% 71%
C UUP 7pct p 84% 84% 84% BUS
Chili Copper . . 16% 16% 16% 16%
Chino Copper . 27% 27% 27% 27%
•Coca Cola 43 42% 44% 43V*
Col. F. 4 1... 24% 24% 24%
Columbia Gas . 67% 66% 67% 66%
Columbia G. .. 2 1% 1% 2
Con. Gas 92% 91 92% 91%
C. C. C. A St.L. 56 56 56 55%
Cosden Oil ... 33% 32% .32% 32%
Corn Prod. ...100% 98 100 98%
Crucible Steel . 61% 59% 61% 62
Cuban Am. S. . 16% 15% 16% 16%
C. C. Sugar ... 8% 8% 8% 8%
Del. A Lack. ,114V* 113% 113% 114
Erie 9% 8% 8% 9
Erie Ist pfd.... 13% 13 13 13%
Famous Play. . 81% 78% 81 78%
F. Rubber Cos.. 12% 12% 12% 12
Gey. Asphalt.... 58% 57 58% 57
Gen Cigars .... 71 70% 71 71%
Gen Electric ..139% 138 139% 139 Vs
Gen Motors 9 8% 8% 9
G States Steel. 49% 47% 48% 17%
Gt. Nor. pfd 73% 72% 72% 73
Gt. Nor Ure... 31% 31% 31% 31%
Houston 0i1.... 74% 73 74V* 73%
Haskell Barker.. 81 % SO% 80%
Inspi. Copper... 39% 39% .’31% 39%
Invin. Oil .... 15% 15 15% 15%
Indiahoma 3% 3% 3% 3%
Inter. Harvest. 82 81% 82 ....
Inter Nickel.... 11% 11% 11% 11%
Inter. Paper.... 48V* 46% 48V* 47%
Island O. A T.. 2% 2% 2V* 2%
K. C. Southern . 22% 22% 22% 22%
K-Springfield X. 37 36 37 36
Kenn. Copper... 26% 26 26% 26%
Lack. Steel 40% 45% 46% 45%
Lehigh Valley.... 60% 59% 60 59%
Lee Tire 27% 27% 27% 27%
Loft Candy.... 9% 9% 9% 9%
L. A N 11l 110 111
Marine pfd 68% 66% 67 66%
Mont. Ward .... 13 12% 12% 12%
Mexican Pete... 110% 108% 110 109
Miami Copper. .27 26% 27 27
Mid. Sts,' Oil.. 12 11% 11% 11%
Midvale Steel.. 30% 29% 30% 29%
Missouri Pac... 17% 17% 17% 17%
Mo. Pac. pfd... 45% 45% 45% 44%
Nat. En. A Stp. 33% 33 33% 33
National Lead. 86 86 86 85
Nev. Con. Cop.. 14% 14% 14% 14%
N. Y. Central... 75% 74% 74% 74
New Haven 13% 13% 13% 13%
Norfolk A West. 97% 97% 97% 97%
North. Pacific... 7fi% 75% 76% 75%
Pacific Oil 46% 45% 46 45%
Pure Oil 36 35% 36 45%
Pan-Am. Petrol. 51% 49% 51% 50%
Penna. Ry 33% 33% 33% 33%
People’s Gas.... 63% 61% 63% 61%
Pierce-Arrow ~14% 14 .4% 14
Pierce Oil C 0... 12 10% 12 11%
•Pittsburg Coal. 63 61% 61% 63
Pull. Pal. Car. .108% 107% 108 107%
Ry. Steel Spg.. 06% 96 96 96
Kay Copper.... 15 15 15 14%
Heading 74% 73% 74% 74%
Rep. Iron & Stl. 53% 52 53 51%
Roplogle steel.. 26% 26% 28% 27
Roy. D. of N. Y. 52 51% 52 51%
Sears Roebuck.. 64 % 63 63% 61
Sin,-lair 203* 20% 20% 20%
Steuart-Warner 29 27V* 28% 27 %
Sou'hprn Pac.. . 80% 79% 80% 79%
Southern Ry... 18% 18’% 18% 18
Stand. Oil Cal.. 95% 94% 95% 94%
Stan. Oil N. J. 176% 174% 176% 175
St. !,. AS. F c 22 21% 21% 21%
Stromberg Carb 39 37% '39 38%
Studebaker .... 83% 81% 83% 81%
Texas C. A 0.. 24% 24% 24% 24%
Texas Cos 45% 44% 45% 44%
Texas G. A S.. 42% 41% 42% 41%
'Tob. Prod. ... 64 63 63% 63%
Trans. Oil 10% 10 10 10%
Union Oil 19% 19% 19% 19%
Union Pac. 128% 126% 127% 127%
United R. S. .. S3 52% 53 52%
U. S. F. P. C.. 7% 6% 7 7%
United F. Cos. .124% 123% 124% 123%
U. S. In. A. ... +O% 4040% 39%
U. P. Rubber . 53% 52% 53% 52%
U S. Steel 84>4 82% K 4% 83%
U. S. Steel pfd. 117% 116% 117', 116%
Utah Copper... 65% 62% 03% 63
Vanadium Steel. 31% 30% 31% 30%
Wabash Ist pfd. 20% 19% 20 20%
White Oil 9 8% 8% 9
Wesths. Elec... 50 49% 50 50
White Motors.. 38% 37% 38 37
Willys-Overland. 5% 5% 5% 5%
Wilson A C 0.... 30 30 30 29%
Worth. Pump.. 44% 44% 44%
Woolworth 140 140 140 138
West. Pacific... 15% 15% 15% 15%
•Ex-dividend.
NEW YORK LIBERTY BONDS.
—Jan. 13. Prev.
High Low Close Close
L B 3%s 91.90 97.56 97.60 97.80
1, B. 2nd 4s 97.76 97.68
1, B Ist 1V: s 98.30 97.88 97.90 97.90
T B 2nd i%s 1)7.98 .'7.7' 97 $9 117.34
; ■; 3rd !' ■ . . 98.11 97.91 37 95 1)8.00
: H’l ,%s .. 98.10 97.9 i 97.111 98.06
,■ • ry sqs 100.21 100.24 100.22 100.21
Vi., tv :% s ...100.28 100.20 100.22 100.21
NEW YORK WOOL.
NEW YORK,* Jan. 14. —With trade
fairly active, Wool prices ruled steady
on the market here yesterday. Domestic
fleece, NX Ohio, was quoted at 25@39c;
domestic pulled, scoured basis, at 18®
67c ud Tex.-A* domestic, scoured basis,
at 40@75c per pound.
INDIANA DAILY TIMES, SATURDAY, JANUARY 14,1922.
STOCKS SUSTAIN
STRONG CLOSE
Rail Shares Are Fractionally
Higher—Studebaker Recovers.
NEW YORK, Jan. 14.—The market
closed strong today.
Chandler Motors continued In demand,
holding steady around 56 and Stude
baker after reacting to 83%, recovered
to 84%.
United States Steel held around 84%.
Mexican Petroleum moved up to 111.
National Lead was in large demand,
advancing 6 points to 92 and California
Petroleum rose 2 points to 48.
The railroad shares were fractionally
higher. . . .
Government bonds were unchanged and
railway and other bonds were strong.
(By Thomson & McKinnon)
—Jan. 13—
The leading influence in the stock mar
ket, the one that gives the market its
stability and operators courage, is the
continued ease in the money market. It
Is perfectly logical that with money in
nmple supply at low rates those operat
ing on a large scale can find profit in the
difference between the cost and the divi
dend yield of the securities This, u the
past, has always been an Influence In tne
same direction.
In addition to all this we have verj
favorbale foreign advices indicating a
disposition to modify the German repa
ration terms and it is generally conceded
that anything that will tend to prevent
international friction, will ultimately be
beneficial to all the world and particu
larly to businss in this country.
In today’s business there was a notice
able Increase In the public demand. Phis
buying coming mainly In
titles and fairly well distributed. This l ls
an Indicator of a more confident feeling
through the country with regard to the
Immediate business outlook. It is. how
ever well to bear in mind that in many
large sections of the country business Is
entirely dependent tfpon the prosperity of
the agricultural interests.
This is particularly true of the great
Northwest and until you have a change
in the farmers’ condition It is hardly lise
ly that any big business Improvements
may be expected. And while we have no
doubt as to the ultimate return of pros
perity we continue to feel that tempo
partly it Is more advisable to accept prof
its on at least a par's your holding dur
ing strong market r< x
TWENTY STOCK? AVERAGE.
NEW YORK. Jan. 14.—Twenty Indus
trial stocks Thursday averaged 79 96, off
.07 per cent. Twent active rails aver
aged 74.65, off .64 per cent.
CLEARING lIOrSE STATEMENT.
NEW YORK, Jan 14.—Exchanges yes
terday were $742,400,000; balances, $77.-
100.060; Federal Reserve Bang credit bal
ances, $07,300,000.
Money and Exchange
Indianapolis bank clearings Friday
were $3941,000. - Bank debits 1 riduy
were $6,006,000.
NEW YORK. Jan. 14.—The foreign ex
change market opened unchanged yester
day, with demand Sterling c higher at
$4 23 Francs rose 1 centime to B.lßc for
cables, and 8.17 c for checks. T.ir- cables
were 4 36%c: checks. 4.33%<\ Belgian
cables were 7 N3e , checks. 7 82%c. Marks
were off 1 point to ,0063%C. Guilder
cables were 36.81 c, checks, 36.80 c.
NEW YORK CALL MONEY.
NEW YORK, Jan. 14 Money: Pal!
money yesterday ruled 3% per cent; high.
3% per cent; low, 3% per cent. Time
rates easy, all 4% per cent. Time no r
candle paper easy Sterling exchange
was steady, with business in bankers’
bills at $4.22% for demand.
MOTOR SECURITIES.
(By Thomson A McKinnon.) ’
—Jun. 13—
—Closing
Bid Ask.
Earl Motors 3% 4
I’ackard com 6% 6%
Packard pfd 63 65
Peerless 314* 35%
Continental Motors com 5% 6
Continental Motors pfd. 84 87
Hupp com . 12% 12%
Hupp pfd 90
Keo Motor Car 17% 18%
Elgin Motors 1% 2%
Grant Motors 1 1%
Ford of Canada 254 258
National Motors 1% 2%
Federal Truck 14 16
Paige Motors 13 14
Republic Truck 7% 8%
ACTIVE OIL STOCKS.
(By Thomson A McKinnon)
—Jan. 13.
—Opening—
Bid Ask
Borne-Scrymser 320 346
Buckeye Pipe Line 86 <SB
Cheaebrougb Mfg. Cons 170 190
Continental Oil, Colo 125 130
Cosden Oil and Uas 6 8
Crescent "Pipe Line 27 29
Cumberland Pipe J.lne 115 122
Elk Basin Pete 6 6%
Eureka Pipe Line 82 85
Galena-Signal Oil, Prof 99 104
Galena-Signal Oil, Com 40 42
Illinois Pipe Line 165 170
Indiana Pipe Line 84 86
Merritt Oil 8% 8%
Midwest Oil 2% 3
Midwest Itfg ICS 175
National Transit 27% 50
Northern Pipe Line 90 95
Ohio Oil 258 205
Oklahoma P. A K 8% 3%
Penn.-Mex 16 19
Prairie Oil and Gas 520 . 535
Prairie Pipe Line 225 230
Sapulpa Ilefg 33%
Solar Refining 370 380
Southern Pipe Line 140 145
South Penn Oil 180 190
Southwest Penn Pipe Lines. 74 77
Standard Oil Cos. of Ind 84% 85
Standard Oil Cos. of Kan 560 570
Standard Oil Cos. of Ky 440 450
Standard nil Cos. of Neb 160 170
Standard Oil Cos. of N. Y. ..350 355
Standard nil Cos of Ohio ....350 38tP
Swan A Finch 30 40
Vacuum Oil 305 31,5
Washington Oil SO 35
NEW YORK CURB MARKET.
(By Thomson A McKinnon.)
—Jan. 13. —
—Closing—
Bid Ask
Acme Packing 40 50
Curtis Aero, com 2% 3%
Curtis Aero, pfd 18 23
Goldfield Con 2 5
Martin Perry 21% 21%
Jumbo Extension 3 6
Imperial Oil (Del.) 9% 9%
Nipissing 6% <l%
Standard Motors 3% 3%
Salt Creek 13% 14%
Tonopah Extension ....... 19 10 1%
Tonopah Mining 17-16 19-16
United P S New 1 15-10 2
TJ. S. Light and Heat >sßo 85
U. S. Light and Heat pfd. .. 1 1%
Wright Martin 2 5
Yukon Gold Mine Cos 1% 1%
New Cornelia 17% 18
United Verde 27% 28%
Sequoyah 3 7
Rep. Tire 15 25
CHICAGO STOCKS.
(By Thomson A McKinnon)
—Jan. 13-
Open. High. Low. Close.
Armour pfd 91% 91% 91% 91?*
Carl.. A Car 44% 44% 44% 44%
L’bby '% 5% 0% 5%
Natl. Leather— 2%
Piggly Wiggly.. 3f5 36% 35 30%
Stewart Warner 27% 29 27 % 28
Swift A Cos 98 108 98 101
Swift Inter 22 23% 22 22%
NEW YORK SUGARS.
NEW YORK, Jan. 14.—With trade fair
raw sugar prices ruled firm on the mar
ket, here yesterday. Cubas were quoted at
3.61 c per pound, duty paid, while Porto
Ricos sold at 3.42 c per pound, delivered.
Refined sugars were in fair demand at
steady prices. Fine granulated was
quoted at 4 80®'4.90r per pound, while
No. 1 soft sold at 490 c per pound.
NEW YORK COFFEE.
NEW YORK. Jun. 14.—Coffee values
veere easy in trad** on the market yester
day. opening options being 2 to 5 points
higher. Rio No. 7 on spot sold at 9@
9%c per pound.
NEW YORK RICE.
NEW YORK, Jan. 14.—Rice prices
were strong in trade on the market here
yesterday, domestic selling at 3%@7%c
per pound.
New York Bonds
(By Fletcher American Cos.)
—Jan. 13—
FOREIGN GOVERNMENT BONDS.
Bid. Ask.
Arg. (unlisted) ss, Sept. 1, ’45 73 74
Arg. 7s, Oct., ’23 98 98%
Belgian 6s, Jan. 1, ’25 95% 98
Belgian 7%5, June 1, ’45 105% 100%
Belgian Bs, Feb. 1, ’4l 105% 105%
Berne Bs, Nov. 1, ’45 107 108
Brazil Bs. Juue 1, '4l 104 104%
Chile Bs, Oct. 1, ’26 09% 99%
Chile Bs, Feb. 1, ’4l 101% 102
Chile Bs, Nov. 1, ’46 101 101%
Christiania Bs, Oct. 1, '45....106 10*
Copenhagen 5%5, July 1, ’44. Bi% 88
Danish Mun. Bs, Feb. 1, 46..106% 10</
Denmark Bs, Oct. 15, ’24 107% 108%
•Canadian 5%5, Dec. 1, ’22.. 93% 94%
•Canadian 5%5, Nov. 1, ’23.. 93% 91%
♦Canadian 6%5, Nov. 1, ’24... 92% 94
•Canadian ss, Dec. 1, ’25 90%
Canndian ss, April 1, '26 96% 97 *
Canadian 5%5. Dec. 1, '27.... 93 ,g Jo.i
Canadian 5%5, Aug. 1, 29 9i*y* 98
Canadian ss, April 1, ’3l 9o 4 90%
•Canadian Bs, Oct. 1, ’3l 91% 9-%
Canadian 5%5, Nov. 1, ’33.... 9u% 97
•Canadian 5%5, Nov. 1, 34.. to./s y-t as
Canadian ss. March 1, '37... 9.> •<>
•Canadian 5%5, Dec. 1, '37... 9<% *.)
French (Viet.) ss, Op., ’31... 04% o.u
French 4s, Opt., ’43 s'B-i
French 7%5, June 41.. *>U9 9*>%
French 7s, Sept. 15, 45..... .100-; s 100 ,*
Jap (First) 4%5, Feb. 10, -o. 85 tv
Jap (Second) 4%5, July 10, ’2i 80% Bu*
Jap 4s, Jan. 1. ’3l G% UH*
Mexico ss, Jan., '45 •*>
Mexican 4s, Jan., ’54 40% 41
Norway Bs, Oct. 1. 40....... .109
Queensland 7s, Oct. 1, 41-•••107 1 /a
Kio de Janeiro Bs, Oct., 46... 100% 101
Sao Paulo Bs, Jan. 1, ’36 161 *OM
Swedish 6s, June 15, ’39 95% 90%
Swiss 5%5, Aug. 1, ’29 96% 96%
Swiss Bs, July 1, ’4O. 14% 4U>
V K 5Mi 8 1 Nov. 1, 22 lOOV4 J K *
u! K. 5%5. Aug. 1. ’29 100 loot*
1- k 5i,,s Feb. 1. '3/ (98 98%
Uruguay Bs, Aug. 1, '46 PHO, 105
ssa^.^.
♦internal loans.
CORPORATION BONDS.
Bid. Ask.
Allied Packers 6s, .•••;;• O'!;*
Amer. Tel. A Tel. 6s. ’25....110 IOOVa
Atchison Uen. 4s, 88 * 88 *
Alum. Cos. of A. is. N°- %
Am. Cotton Oil 6s. fcept. 2. -4 94 94 *
Amer. Tel. 6s, Oct., 22 10% 100%
Amer. Tel. Cs, Feb.. 24...... 101 101,a
' Amer. Thread 6s, Dec., •5... 9a |
| Amer. Tob. 7s. Nov 22 I<l % 1 >Us
Amer. Tob. 7s, Nov 23 1; - * P£.£
Anaconda 6s, Jan., 29. ■
Anaconda 7s, Jan., 29...... -l JUs * - *
Anglo-Ain. Oil 7%5, Apr., 2o 103% •• .*
Armour 7s, July 16, 30......1 -u r *
! Atlantic Kef. 6%5. Mcli., 31103% 104,*
Bell Tel. of Can. 7s. Apr.. 25.100-* •'* *
Beth Steel 7s, July 15. 23--DJI , ~*
Bell of Pa. }“*?’• ;l .
Can. Nor. U’ %
<\ B. Q. Gen. ?,• ■* xJu*
C. B. Q.—Neb. 4s 94/a -0%
:j ■ (j J £ (Jl.j j .. , ID* 72 _„ .
Chi.-: A N. w. 6%5,
Chic. A N. W. 7s 'I, 1 ' 1 ♦
; Col Graph 8s ’’.V
Cuban Am. Sugar Bs. .......10l s ' - 8
! can. Pacific 6s. M-h 2. .24.. lo) Wlv
j Cent. Arg. Ry. os l-.-iv. -*•• ; ‘ j* • *
jo.. U. 1. A- I’. 6S. Feb 22.... Wa W 0 *
('cjn (|gu 7s Dcr., .s * *
Ooppe; Exp 8, Feb. 15. ’22..P-I |oo%
PuppiT Km - Feb ir, b
rimer K* . Ss, !M>. 15, *2K.K‘2 , HtfU
.< h-exU Feb. u>.'2s io ; % ;;h%
' Flak Tire Ss? ••••••■ 1 '
’ Kil Nov. 24....
! Goodrich 7s. Apr., —> 0- _* '$ *
i Gulf Oil 6s, July. "23 OO's 100
[Gulf Oil 7k Fclc. ’33 P'-'J, ’
! Goodyear Ist il 11l s 1 ■ s
Goodyear Deb. 8-'. 31 9 kl *
I Great Northern *s P[ A /■*
•Grand Trunk 6s | /.“t*
Grand Trunk 7s IOV-s 109%
Heinz 7*. Dec.. > BM% 104%
; Hooking Va 1. 6s. M. h , '24 1*7% 9s *
■ Humble Oil 7s, Mch. 15. '23..1-d tt%
Int
111. Cent. Ref 4s. ’55 81s R- s
In'er. Met._4%s ,®% 1.-*
Kol!> -Springfield *. ........ P‘3’j 104
K. C. Term s. N-v. 15. “23.. . ;;;
Kerin. Cnpper 7a. Feb.. 30 10."s 1-3
I u-ied" Gas 7s. Jan.. 29 ■’% •"’ $
I.ihbp-McFeU 7s, May, ’31... . , .*9%
j. A N 7s ’BO * y ' *
Mev Pet. ss, 99%
Minn. Bi. P. A S. S. M 6%5,. 101 ’lO
-
N Y. Tel. Ref. 6s, 41 P'2% 10-•%
N. Y. Edison 6'*j“. '4l IH, U,
Nor. Pac. P. L. 4s. 8-% H.'%
Nor. Pac. G. L. 3s, *‘l , a
Nor. Pu 6s, ••••••• 88%
Nat l Leather Bs, Nov. 10. 2o '.Mr •'<
Pro- tor A G Ts. M,-h.. W%
Proctor A (*. 7s. Mch.. -3.. i %s 1 *,-*
Public S. r. N. .1 7s. Mch.. ’22 *
Pan Amer. I'et. 7s -i -‘
Penn. 6)
I’hmppine o%s;. ’4i::::::::;;:io4/ pm*
'K .1 Kevnolds os, Aug., 1 s ’ *
! Sears Roebuck 7s, Oct. 15. ~ '%
- Scars-Roebuck 7s, Oct. 15, -3 .<• , - ,5 %
$ m lair 7' .8. May 15. ’25 ... 09% P'o%
I gofvav A Cie Bs. Oct.. ’27. ..103 PH
Southern Ry. 6s. Mch.. ‘22. . 99% %
S. W. Hell Tel 7s. Apr . 20.. 102 >"-%
S Oil. (Cal.) Jan., 51. .10;>%
S Oil (N Y.) 7s, Jan , '25 '3l PM% HOP.
; nil (N. Y.i 6%S'- May. '33 ' us P m
8t Paul U D s'aS. D'-e. 15, '2:< '.'9% 100
I Swift 7-. Get. 15. ’25 tot 101%
Swift 7s. Aug. 15. ’3l t' 102%
I st. L. San Fran. I’. L. 4s, . 68% 'J9%
St/*L. San Fran. Adj. 6s 72
Seaboard Con. Cs, 41 *
Steel A Tube 9<% 9.H
Tidewater Oil 6%-) 90% 99%
Texas Cos. 7s. Mi-k L -3 BP% Pd->
- Utah Sec. Its, Sept 15, 9* 9. *
. Unl.-I Tank Car ,s Is% ]
U s Rubt.fr 7%5, 1 G-%
Vacuum Oil 7s. 1 10 -s
Va Car. .4
Wcst’n. Union o%s. P>7% 108
Winchester 7%s |B;‘s O
Wilson 7%s 9jv
Western Bell 7s ... 9i% 'B%
Western El. 7s. Apr., 25....194% P 4%
Westingbouse 7s. May, 31 106% TO *
In the Cotton Market
NEW YORK, Jan. 14 A good deal of
selling occurred at the opening of the
cotton market here yesterday and prices
dropped 12 to 16 points at the outset,
fnllowed bv further depression in sym
pathy with weakness at Liverpool, where
unfavorable political conditions gov
erned. __ _ ,
The South, Wall street. New Orleans
and the Continent sold here, while Jap
anese and. Liverpool interests were the
chief buyers.
At tho end of the first fifteen minutes
the list was about 20 points net lower.
New York opening cotton prices: Jan
uary. 17.82 c; March. 17.75 c; May, 17.38 c;
July 10.90 c; October. 16,30 c.
The market was quiet throughout the
afternoon. THe close was steady at a net
advance of 9 points to a qet decline of 2
. . , . ,
Spot cotton was quiet and unchanged
at 18.25 c. There were no sales.
—Cotton Futures
Open. High. Low. Close
January ....... 17 82 17.95 17.75 17.95
March 17.75 17.95 17.62 17 SS
\f !iy 17 33 17.57 17.23 17.34
TitlV 16.90 17.09 16.83 17.07
October 16.30 16.46 16.15 16.45
LIVERPOOL, Jan. 14.—Spot cotton
was quiet at the opening of business yes
terday. Prices’ were steady and sales
around 5,000 bales.
American middlings fair. 13 lOd; good
middlings. 1143d; full middlings, 11.05(1;
middlings, 10.706 ; low middlings,. 9.55d ;
good ordinary. 8.00d: ordinary, 9.25d.
Futures opened quiet.
NEW YORK HIDES.
NEW YORK, Jan. 13. —Hide prices
were firm in trade on the market here
yesterday, native steer hides selling a! 16c
per lb and branded steer hides at 15%e.
NEW YORK PETROLEUM.
NEW YORK. Jan. 14.—Petroleum
prices were eteady in trade on the mar
ket here yesterday. Pennsylvania crude
selling at ‘53.25 per barrel.
NEYV YORK TURPENTINE.
NEW YORK, Jan. 14.—Turpentine sold
at 93c per gallon in trade market
here yesterday. A
SWINE 10 TO 25
CENTS LOWER
Fair Tone to Trade in Cattle—
Lambs Decline,
RANGE OF UO PRICE3.
Good Good Good
Jan Mixed. Heavy. Light.
0. sß.oo® 8.25 $7.85® 8.00 $8.26® 8.50 j
7 8.25® 8.50 7.76® 8.00 8.75® 9.00 .
9. 8.26® 5.75 B.oo® 8.15 8.76® 9.00 i
10. 7.75® 8.25 7.25® 7.50 8.25® 8.50 |
11. B.oo® 8.85 7.50® 8.00 8.25® 8.75
12. 8.50® 5.75 B.oo® 8.25 8.75® 9.00 1
13. B.oo® 8.25 7.75® 8.00 8.25® 8.50
14. 7.75® 8.00 7.60® 7.75 B.oo® 8.40
With receipts close to 6,000, the de
mand by both local packers and shippers
rather slow and lower prices elsewhere
swine prices were 10 to 25 cents lower
in trade on the local live stock exchange
today.
Trade was decidedly slow during the
first hour, but there was a little better
tone to trade later. Buying was of a
general nature, practically all of the
shippers taking a few as well as the
packers.
A moderate holdover for the opening
market of next week was anticipated.
Receipts in cattle were light, but prac
tically all the epaekers were in the mar
ket. Prices ruled steady generally, al
though there were a few strong spots as
well as a few weak ones.
The -bulk of thu 200 receipts were cows
and heil'ers, but there was a fair num
ber of steers and bulls on sale.
Veal prices were steady generally, with
receipts close to 200 and the demand
fair. There was a top of sll on choice
veals, while the . bulk of that grade
brought $10.50.
There were only 200 sheep and lambs
on th emarket. 'Prices of sheep were
steady, while lamb values were 50c lower
generally. This decline was due to a
jui k of competition among the shippers.
Choice lambs brought $12@12.50.
BOGS.
Best light hogs, 150 to ISO
lbs average 5> S" l '® o-uu
Ov. r 300 lbs 7-75
150 to 300 ibs 7.85@ 8./5
Sows o.io’ri! 6.50
Stags * 5.00® 5.50
Best pigs, under 140 1b5...... 8.50® 8-75
Bulk of sales 7.75® 8.25
i Tops * 7.75® 8.25
—Cattle—
-I’riJhe cornfed steers, 1,300
to 1,800 lbs 7.00® %25
! Good to choice steers. 1,200 to
1.300 ibs 5.75® 6.50
Good to choice steers, 1,100 to
1,200 lbs 5.25® 5.75
’ Goi and to choice steers, 1,000 to
1,100 lbs 5.00® 5.25
Common to medium steers,
Sis) to 1,000 ibs 4.25® 4.75
—Cons and Heifers—
Good to choice heifers 5.50® 7.50
Medium heifers 4 oO® 5.00
Common to medium heifers.. 3.50® 4.00
Good to choice cows 3 00® 5.09
Uu.r to medium cows l.bp® 2 50
Cutters 1.1J5® 2.50
Canners 75® 1.50
—Bull*—
Good to choice butcher bulls 3 50® 473
Bo* --na bulls 3.00® 3.50
Lighi bologna hulls 2.50® 273
Light to common ’bulls 2.00® 2.50
—Calves—
Choice veals 10.50® 1150
Good veals 9.50® 10.50
lin veals 7.50a 9.50
Lightweight reals 6.50-q 7.50
> Common to heavyweight veals 5.00® 6.50
—Stocker* and Feeders—
! Good to choice steers under
800 lbs 4.50® 4.73
Medium cows 2.00® 3.50
Good cows 3.50® 4.25
i Good heifers 6.00® 650
Medium to good heifers 4.00® 4.73
Milkers 37.00®75.00
—Sheep and lambs—
Ewes I.oo® 3.50
Bucks 2.50® 3.50
Good to choice lambs lo.i® i t oo
Seconds B.oO® 10 00
Buck lambs 6.50® 8.00
culls 4.00® 3.00
Other Livestock
t HICAGO, Jan. 13. Hogs—Receipts,
I 48.000; market. 15 to 25c lower; bulk of
i .sales, $7,756/ s ; top $8.40; heavies, $7.63®
i mediums, $7.75®8; lights. $7.95®
8.40; light lights, $8.2.'.®.* 40; heavy pm k
ing sows, smooth, $6 30®7.23; packing
sows, rough. $C.25/ti0.65; pigs, sß® 8.50.
' ary.—Receipts, B,iMO; market, weak to
lower: iieef Rtv rs. choice and prime.
s9® 10; medium ami good. s7'</9.U); good
nnd choice, ss. 15'd!il; common and me
.Turn. $6% 15; butcher cattle, heifers. s4®
•8; cows, $3.50/// 6.25; bulls. $3.90®6; can
; tier* and cutters, cows and heifers, 235
9/ 3.30 ; <*aiitier steers, $3.25®4.25 ; veal
calves, $6/.. ij.-j.50; feeder steers, $5.25®
6.8.i; stocker stcera, $4 50® 6.75; stocker
; cows und heifers. s3®s. Sheep and
’ hi mbs—Receipts. IO.OOO; tpnrket, 15 to 25c
lower; good to choice lambs, $11.30®
g.s>: cull and common. s9® 1125- year
| Hog wethers. $9.25® 11.50: ewes, $4 73®
i • cull and common, $2.50@4.50; feeder
I lambs, $9.75®: 11.75.
[TNT’INNATI, Jan- 13. Hogs—Re
ceipts. -1 OiK>; market, steady to 25c hlgh
•r: market later reacted, heavies, sß®
8 5; mixed and mediums. $550®8.75;
Ights uml pigs. $9; roughs, $6; stags
M-.c tattle Receipts, 600; market,
steady; bulls, steady;! calves, $11.50®
12 .Sheejt and lambs-Receipts, 600
market. strong; ewe*. $1.50®4.50; bucks'
choice lambs, sl3; seconds, $9; culls
CLEVELAND, Jan. 13.—Hogs—Re
market, slow- Yorkers,
s\id: mixed, 55.75; mediums, $8.75; pigs,
roughs, st>; stags, si. Cattle—Ho
ieeipts, 4fH); market, slow and lio cents
lower; good to choice steers, $7.25®
■8 25; good to choice heifers, $4.75®5.75;
g-"*d to choice cows, $3.75®4.i5; fair to
cows, $2.75®3.75; common cows,
s 1.75® 2.75; good to choice bulls, $1.25®
•' : milkers. $35®65. Sheep and lambs—
Receipts. I.iKMI; market. 25 cents higher;
top, sl4, Calves—Receipts, 200; market.
; slow : top, sl2 50.
EAST BUFFALO, Jnn. 13.—Hogs—Re
, celpts, 10,400; market, slow steady;
yorkers, $8.75®9; pigs, $5.75®9; mixed.
$8..i0®8.75; heavies. $8®8.50; roughs.
$6®6..j0 ; stags, $3.50®4.00. Cattle—Re
ceipts. 2.4); market, slow steady: shipping
ste.-rs, $5®.8.75: butcher grades. $7.50®
8.50; heifers. $5®7.50; cows, 52@6.50;
bulls, $J1.25®5.25; feeders, ss®6; milk
cows and springers, $30®130. Calves-
Receipts, 1.400; market, slow steady; cull
to choice, ss® 12.50. Sheep and lambs
Receipts, 13,0)Kt; market, slow* steady;
choice lambs, sl2 75®13: cull to fair,
$7.50® 12; yearlings, $7.50® 11.50; sheep,
s7® 7.50.
EAST ST. LOUIS. Jan. 13.—Hogs— Re
ceipts, 17,500; market, 33c to 50c lower;
i mixed and iiiitchers, s7.!>or<fß.4o; good
'heavies. $7.50®8. roughs. $6®6.25; lights
$8.25®8 50; pigs, $8 25®8.50; bulk of
sales, $7.90®.8.35. Cattle —Receipts, 1,500:
market, steady to strong; medium to
good grades, steady; good to choice
grades, strong; nnttve beef steers, s7®l).
yearling steers and heifers s7®9 25;
cows, |3.25®5.75; stockers and feeders,
$4®0.85; calves. $2.50®10.50; canners
and cutters, $2.25®3. Sheep and lambs
Receipts, 4.950; market steady; mutton
ewes. $5.50® 6; choice lambs, $10.50®
12.25; canners and choppers, sl®3.
PITTSBURGH, Jun. 18.—Hogs—Re
ceipts, H.OIM); market, steady to 25 cents
higher; prime heavies, sS®<B.2s; mediums,
$5.75®:9; 111 v yorkers, $9@9.25: light
yorkers. %■ '9.50; pigs. $9 25®9^0;
roughs, s6® . stags, $3.50®4.50; heavy
mixed, $8.40®8.50. Cattle—Receipts. 100,
market, steady; choice SS.3O@9; prime,
sß® 7.50; good, $7.50® 8; tidy butchers,
s7® 7.50; fair, $6®6.75: common. S4®s;
common to good fat liulls. $3.50®550;
common to good fat cows, s3@s.r>o; heif
j crs. $4.25®6.75; fresh cows and springers
SBS®HO; veal calves. $12.50; heavy anu
thin calves. sß®9. Sheep and lambs—
Receipts. 600; market, steady; prime
wethers, $6.75®9; good mixed. $5.75®
6.50; fair mixed. $4.75®5.50; culls and
CLEVELAND PRODUCE.
CLEVELAND. Jan. 14.-Butter—Extra,
in tubs, 38%@69c; prints, 39%®40e;
extra firsts 37%@38c; firsts. 36%@37c;
seconds, 31®31%c: packing stock, 18@
20c. Eggs—Fresh gathered, northern ex
4ras, 41c; extra firsts, 40c; Ohio firsts,
new cases, 38%C; oid cases, 38c; Western
firsts, new eases. 37e. Poultry Live,
heavy fowls. 27c; spring culls. 20®22c;
spring ducks, 28®39c: turkeys, 40® 45c;
Poi a toes Michigan $2.95 per 130-lb bag:
early Ohios. $2.10 per 120-lb l)ag. Sweet
potatoes—Jerseys. sl.Ss®2 per hamper.
NEYV YORK METAL MARKET.
NEW YORK, Jan. 14.—Copper—Dull:
spot, January, February and March, of
fered 13%c. Lead Quiet; spot, 4.70®
4.85 c; January and February, 4.70®
4 80c Spelter—Easy; spot and January,
4.72%®4.b0c; February, 4.72%®42i3c, j
WHEATVALUES
SUFFER DECLINES
Selling by Local Traders
Causes Weakness.
CHICAGO, Jan. 14.—Buying support
was weak and selling by local traders
forced a decline in wheat prices after
the opening todav. The start was un
changed to %c lower.
Corn trade was siow and prices showed
declines of %@%c at the opening.
Oat prices •ere %e lower und the
trade featurelees.
Provisions ..ere lower for lard and
unchanged for ribs.
(By Thomson A McKinnon)
J an. 13—
Wheat — A considerably improved buy
ing power has prevailed in today's wheat
market, but it seems to be a centralized
rather than a general nature. It is
thought to be Inspired by a cable item
to rhe effect that Germany would be
granted a moratorum and also by a news
item to the effect that negotiations be
tween the German Reischsbank and Fed
eral Reserve Bank had been about com
pleted and an impression prevailed that
Germany would be granted a loau. These
items were accepted as meaning a bet
ter demand from Germany for foods and
commodities. The market has been
helped also by a little broadening of the
milling inquiry, several markets report
ing a better demand and consequent
stnujg premiums for current receipts.
Argentine shipments were smaller than
expected and unsettled weather is inter
fering with harvest. One message from
a Canadian point reported 1,500.000 bush
els Manitohas sold for export yesterday,
but outside of this nothing has been
heard of concerning the foreign demand.
At the moment, the market promises to
display steadiness if not strength and
will be susceptible to an expected de
crease in Monday’s visible supply figures,
but it remains to be seen whether mate
rial financial aid will be extended to
Germany and if so. whether she will
take our wheat or prefer the cheaper
Manitoba sort or the still cheaper rve
and corn.
* £ O, i n an <l Oats— The action of wheat
failed to stimulate either corn or oats,
there being no revival of outside Inter
est or reinstatement of holdings bv those
in the trade who are friendly. Offerings
from the country are light, but it 'is
claimed that when the market permits
payment of 40 cents to the producer that
there will be an increase. Export trade
is quieted, temporarily, possibly because
of the advance in ocean freight rates.
Provisions—Products have not sympa
thized with an easier hog market for the
reason that, packing interests are not
seen as sellers at any time, but thev are
still below a parity with hogs and should
work higher.
CHICAGO GRAIN TABLE.
—Jan. 13—
WHEAT— Open. High. Low. Close.
May.... 1.10% 1.12% 1.09% 1.11%
CORN-" 101V ® ***
} Ia ,V “ft 53% .53 .53%
I oatsL" *" % • 54% •%
May.... .38% .38% .38%
PORK-” • SSTs - 3 * l *
L* J a-
Jan 9.12 9.12 9.05 9.12
May.... 9.42 9.47 9.37 947
RIBS—
, *9““ 8.35
May.... 8.40 5.43 8.55 8.43
i\ 1 h
.May 83% .84 .82% .83%
’July 7G is
•Nominal.
CHICAGO CASH GRAIN.
CHICAGO, Jan. 13.—Wheat—No. 1
hard winter, $1.10%; No. 2 hard winter.
$1.09; No 1 mixed, $1.12. Corn—No. 2
mixed, 48%®49c; No. 2 white. 49c; No. 2
yellow, 49® 40 %c; No. 3 mixed, 47%@
48!■c; No. 3 white and No. 3 yellow. 47%
®4*>%c; No. 4 mixed, 46® 47c; No. 4
white, 46%®47e; No. 4 yellow, 46%®
47%e. Oafs—No. 2 white, 37%®35c: No.
3 white, 34®36c; No. 4 white, 33®34%c.
TOLEDO GRAIN PRICES.
TOLEDO, Jan. 13.—Wheat—Cash, $1.19
®1.21; May, $1 22% ; Julv, $1.06. Com—
< ash, 52®53c. Oats—Cash, 39®41c. Rye—
Cash, 85c. Barley—Cash, 63c.
PRIMARY MARKET.
(By Thomson & McKinnon.)
—Jan. 13—
—RECEIPTS
Wheat. Corn. Oats.
St. Joseph .. 14,000 50,000 2,900
Chicago 12, OO 929,000 247.000
Milwaukee .. 1,000 101,000 57,000
Minneapolis , 226,000 Sfl.ooo 67,000
Duluth 35,000 41.tXK) 14,01)0
St. Louis ... 58,000 164.000 118.000
i Toledo .... 41,000 8,000
Qetrolt 3.0t0 8,0.0 6.000
Kansas City . 151,000 36.t00 14,000
1 eorla 2,000 151,000 59.100
| Omaha 17.000 224,000 56.000
, Indianapolis . 8.000 91,000 30,000
Totals 621,000 1.922,000 678.000
Year ago .1,148.000 1.219.C00 561,000
—SHIPMENTS—
Wheat. Corn. Oats.
St. Joseph .. 2,000 42,000 2.000
-Chicago .... 46,0110 617,000 266,000
Milwaukee .. 1,000 101,(X'O 52,000
Minneapolis . 74.000 84,‘XK) 115,000
Duluth 37,000
St. Louis ... 58.000 54.000 51,000
; Toledo 12,000 3,000 3.000
Detroit 2,000 5,000 2,000
Kansas City . 127.000 63.000 7.000
j Peoria 5.000 89.000 45,100
Omaha 36.000 249.1X10 58.000
Indianapolis . 3.000 *4,000 16,000
Totals 403,000 1,341.000 617,000
Year ago .. 747.000 732,000 362,000
—CLEARANCES—
Wheat. Corn. Oats.
Boston 64.(XX) 5,000
j Philadelphia . 4,000 57.000
Baltimore ... 82,000 282,(XK)
! New Orleans 17.000
Totals .... 130 OX) 356,01 K) 5,000
Year ago .. 952.000 7,0(0
INDIANAPOLIS CASH GRAIN.
—Jan. 13—
Bids for car lots of grain and bay at
the call of the Indianapolis Board of
Trade were:
Wheat —Firm; No. 2 red. $1.23®1 24.
C oru —Firm: No. 3 white, 4’J%@slc:
No. 4 white, 48%@50e; No. 3 yellow,
48%®49%c; No. 4 yellow. 47%®49c: No.
3 mixed, 47%@48%e; No. 4 mixed, 46%
®47%c.
Oats—Firm; No. 2 white, 37%@38%c;
No. 3 white. 36@57%c.
Hay—Steady; No. 1 timothy. $17.50®15;
No 2 timothy, sl7® 17.50; No. 1 light
clover mixed, $16.5t)@17; No. 1 clover.
sl7® 18.
—lnspections
Wheat —No 3 red, 1 car; No. 4 red, 1
car; total, 2 cars.
Corn—No. 3 white, 5 ears; No. 4 white.
5 cars; No. 3 yellow, 4 cars; No. 4 yel
low, 20 cars; No. 5 yellow, 12 cars: No.
6 yellow, 5 cars; sample yellow, 1 car;
No. 3 mixed, 7 cars; No. 4 mixed. 2
cars; No. 5 mixed, 1 car; No. 6 mixed,
1 ear; total. 63 oars.
Oats—No. 2 white. 5 ears; No 3 white.
10 cars; No. 4 white, 7 cars; No. 2 mixed,
1 car; No. 3 mixed. 1 car; total, 24 ears
HAT MARKET.
The following are the InrtlanapolU
Brices for hay by the wagoD load. Se
vered :
Hay-loose timothy, $10.00@17; mUed
hay, sls® 16; baled hay. sl7® 18.
Oats—Bushel new per bushel. 32@35c.
Corn—Old. per bushel. 54®00c.
WAGON WHEAT PRICES.
Indianapolis flour mills and elevators
today were paying $1.14 per bushed for
No. 1 red winter wheat; $1.12 for No.
2 red winter and according to test for
No. 3 red winter. Oats were quoted at
27c per bushel for No. 3 white or better.
INDIANAPOLIS PRODUCE.
Eggs—Loss off, 27@30c. Butter—Pack
ing stock, 15®17e, Poultry—Fowls. 16®
23c, springs, 19@23c: ' cocks, ll®12c;
stags, 13®15c; capons, / lbs. and up. 32c:
capons, under 7 lbs.. 29e; capon slips, 7
Ibs and up. 27c; capon slips, under 7 Ibs..
23c: young hen turks. 8 Ibs. and up, 39c;
young tom turks, 12 ibs. and up. 38®39c;
old tom turks. 31®32c; cull thin utrkeys
not wanted' ducks. 4 lbs. and up, 16®19e;
geese. 10 lbs and up. 14®t6e; squabs. 11
lbs to dozen, $5; young guineas, 2-11: size,
per doz., $7@7.50; old guineas, per doz.,
$3@3.50.
Butter —local dealers are paying 36®
37c per lb. for butter delivered in Indi
anapolis.
Butter Fat—Local dealers are payinj
R2e per lb. .or butter fat delivered .■
I Indianapolis.
THE ‘KUSHEQUA
ROUTE’ IS ON
VERGE OF RUIN
‘Vest Pocket’ Road in Hills of
Pennsylvania Needs
Cash.
SMETHPORT, Pa., Jan. 13. —The
‘‘Kushequa Route" railroad Is badly in
need of $2,250, and mless it gets It
pretty soon this midget line is liable to
close up shop. At least that la what
President Elisha K. Kane says.
This little railroad, which few pre
viously ever knew existed, became fam
ous last summer through a dispatch of
the International News Service, when
President Kane issued his celebrated
time table announcing that it would
operate on only “moist Mondays, Wednes
days and Saturdays” during summer
months, when engine sparks might cause
serious forest fires along the mountain
sides.
The "Kushequa Route” is a queer lit
tle railroad a score or more miles long.
Smethport, nine m’les back from no
where, in the wilds of McKean County,
Is the county seat. The “Kushequa
Route” is the only means of communica
tion with the outside world. At Backus,
a little flag stop, it connects with tho
Buffalo, Rochester & Pittsburgh Rail
road.
During sessions of County Court the
little railroad is indispensable in getting
to and from court.
For several years the road has been
losing money. Kane, who is wealthy,
kept it going, but he does not feel like
“shelling out” perpetually for the other
fellow s benefit so he has appealed to the
Conopus Club of this town—sort of a
Chamber of Commerce—to dig up $2,250,
if the road is to be kept In operation.
Kane is perfectly frank about It. He
says: “The members of the Conopus
Club are doubtless aware of the short
comings of the ‘Kushequa Route’ In lta
attempts to perform a public service,
several times, for a period of a month
or more, the gross earnings from its
passenger •Service have been insufficient
to pay for the coal consumed In the
passenger runs.”
So Kane has doped It out that a
locomotive is too expensive to operate in
the hills. Asa substitute he wants to
:/uy what he calls a motor bus car.
This will be a combination baggage and
day coach. It will carry seventeen pas
sengers, if there are no big, fat ones,
and they squeeze in good and tight!
It will also carry light hand baggage,
.then again, this motor bus can be oper
ated by one man. In other words, Kane
hopes to keep the “Kushequa Route”
in business even if it does become a one
man railroad. Still another advantage,
he says, is the fact that whereas his
locomotive hauls two trains a day each
way, the motor bus can make four trips
a day.
That’s putitng Henry Ford’s railroad
ing into practical use—cutting down the
operating force and doubling up the size
of the service.
Again, j’resident Kane Is quite enter
tainingly frank. In his appeal to the
i ouopus C\ub he says: “We have tried
iii \ain to secure one of tiiese cars on
the installment plan, without down pay
ment. The nearest we can come to it is
oue-fourth down and the balance in
twenty-four monthly Installments. Even
the most rudimentary figuring will show
any one that, even with the present small
amount of passenger travel, the railway
motor bus could save the amount of the
defered payments.”
Kane is practical. Some say he’s a
millionaire. At any rate, if you look
him up In Dun or Bradstreet’s, you will
find he has a healthy rating. But E. K.
; Kane, plain citizen, and the “Kushequa
[ Route” are two different propositions,
j though Kane owns "Kushequa Route." In
[ concluding his appeal for a touch to the
Conopus Club Kane says: “I ask the
Conopus Club to secure for us a loan of
$2,250 at 6 per cent interest for two years
and thereafter to be reduced by month
ly installments of $-!00 each, i will as
sume personal responsibility for th
amount of the loan.”
There you have a railroad president
felling how the indebtedness will be se
cured. how it will be gradually paid off.
minus the usual verbiage and legal cam
ouflage.
}>ut if the Conopus Clnb doesn’t com*
across with that $2,250 there isn’t going
to be any more raliroad between Smelh
port and Backus.
Local Stock Exchange
—Jan 14-
STOCKS.
Bid. Ask.
Ind. Ry. & Light com 00 ...
Inti. Ky. & Light pld 75 ...
Indpsl. S. E. pfa 60
Indpls. Ac N. W. pfd 00
indpis. St. ttv 40 45
T. H., T Ac L. pfd 6314 ...
T. H.. T. & E. com 5
f. H„ T. A L. pfd 0314 ...
C. T. of lud. com..
U. T. of Ind. Ist pfd 7
UT of [nd. 2d pfd 2
Advance-Itumely com ...
Advance-Kumely pfd ...
Am. Creosoting pfd 9214
Am. Central Life 175 •
Belt R. K. com 00 ...
•Belt R R. pfd 4TVi ...
Century Bldg. Cos. pfd 92 ...
Citizens Gas Cos 2514 •••
Dodge Mfg. Cos. pfd SS
•Home Brewing j. 43 ...
Ind. Hotel corn.. (35 ...
•Ind. Hotel pfd 96
Indpls. Nat. Ins. Cos 3% ...
Ind. Title Guarantee Cb..... 45 ...
Indiana Pipe Lines S3 87
Indpls. Abattoir pfd 40 ...
•Indpls Gas 44 ...
Indpls. Tel. com 2
Indpls. Tel. pfd 90
Mer. Pub. Util, pfd 4514 ...
Nat. Motor Car Cos 214
Pub. Sav. Ins. Cos 414 •••
Kauh Fer. pfd 43 ...
Stand. Oil of Indiana 84 86
Sterliyng Fire Ins. Cos 7 8
Van Camp Ildw. pfd ... 100
Van Camp Packing pfd 100
Van Camp Prod. Ist pfd 100
Van Camp Prod. 2d pfd w
Vandalia Coal Cos. com...
Vandalia Coal Cos. pfd 414 814
Wabash Ry. pfd 19 21
BONDS.
Broad Ripple 5s 60 .-•
Citizens St. By. 5s 73 ...
Indian Ck. Coal and Mine 100
Ind. Coke Ac Gas 65.... 82 66
Indps. C. A S. 5s 91 ...
Indps. A Martinsville 55..... o 7 ...
Indpls. A North 5s 36 41
Indpls. & N. VV. 55.. 49 63
Indpls. & S. E. 5s 64
Indpls. & S. E. 5s , ... 45
Indpls. St. Ry. 4s 57 62
Indpls. T. A. T. 5s 7614 ...
T. H.. I & E. 5s 50 ...
U. X. of ind. 6s 4014 481,
Citizens Gas 5s 83 88
Indpls. Gas Cos 82 67
Kokomo. >l. W. 5s 82 ...
Ind. Hotel Cos. 2d 5s 95 ...
Indpls. L. &H. 5s 9314 88
Indpls. Water Cos. ?s 9214 96
Indpls. Water Cos. 414s SO 85
Mer. H A L. 5s 96 9814
New Tel. Ist 6s 95
New Tel. L. D. 5s 94
Sou. Ind. Power 5s 88V,
•Ex-dividend.
TOLEDO SEED PRICES.
TOLEDO. Jan. 13.—Clover seed—Cash
and January. $13.97 >4: February, $13.85:
March. $13.75: April. $12.90. Alslke—
Cash. $11.60: February. $11.65; March,
$11.75. Timothy—Cash and January.
$3.25: February. $3.30; March, $3.35.
WHOLESALE BEEF PRICEB.
The following are today’s wholesaio
prices for beef cuts as sold on the In
dianapolis markets of Swift A Cos.: Rtbs
—No. L 18c; No. 2,15 c. Loins—No l,
22c; No 2. 18e Hounds—No. 1. 14c: No
12c. Chucks —No. 1,9 c; No. Sc. Flau<*
—No. 1,9 c: No 2. Se.
13