Indiana daily times. [volume], February 11, 1922, Home Edition, Page 13, Image 13

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

Image provided by: Indiana State Library

                
GOOD BUYING
POWER NOTED
ON EXCHANGE
j
Undertone of Market Slightly
Reactionary in Face of
Advices.
U. S. STEEL REPORTS
Special to Indiana Dally Times
and Philadelphia'Public Ledger.
By MONITOR.
•new YORK, Feb. 11.—Several factors
combined to produce a somewhat irreg
ular market. The undertone was a
trifle reactionary, but there appeared to
be good buying power on the reactions.
In all probability,. the approach of the
Lincoln's birthday holiday was respon
sible for a desire to reduce commitments,
chiefly on the long side. Advices from
Washington indicating the determination
of the House Ways and Means Commit
tee to include a transfer tax of one
tenth of 1 per cent in the soldier “bonus”
bill were even mere disturbing than the
earlier threat of twice that amount. The
average broker does not see how this
levy can be imposed without producing
a marked restriction in the volume of
trading and causing a small and norraw
market.
Another item that contributed to
liquidation was the monthly-report of the
United tSates Steel Corporation, showing
a decrease of more than ‘16,000 tons In
unfilled orders, whereas an Increase or
that amount had been confidently ex
pected, with some estimates predicting a
gain of 150.00a tons.
The market was highly professional.
The rails were shoved forward, but the
movement met with a poor Response, not
withstanding Washington dispatches
suggesting that some sort of Government
(Continued on Page Three.)
guarantee might be placed behind forth
coming issues, in order to insure their
confident and ready absorption by in
vestors.
Among the industrials that displayed
strength were United States Cast Iron
■jipe, Studebaker, which was selling ex-
Brivldend, Ch: ndler, Houston Oil, Mexi
can Petroleum, and California Petroleum.
All of the gains in these stocks were
not held. Steels and equipments were
firm in the forenoon but yielded rather
Ghorply later.
This week’s statement of the Federal
Reserve system left the ratio practically
unchanged, the decline being .1 per cent
to the basis of 76.1. The feature of this
statement was furnished in the items
on the position of the AVestern and
Southern banks, with a gain of more
than five points in the ratio of the Dal
las institution. —Copyright, 1922, by Pub
lic Ledger Company.
WALL STREET GOSSIP BY MONITOR.
The financial community professed
great disappointment at the decrease in
unfilled tonnage shown by the figures of
the United States Steel Corporation to
day. Early in the xveek it was reported
that an increase of approximately 100,000
ions would be shown, but this estimate
was not taken sertously by any one who
has followed the course of the industry
during the last month. As of Jan. 31. the
steel corporation reported total unfilled
orders of 4,241.678 tons, as compared with
4,288.414 tons Dec. 31, a decrease of 26,736
tons. While this is the smallest amount
of unfilled orders on the books of the
corporation in several years, the varia
tions since last October have been limited.
The changes from monrh to month since
that time have not exceeded 45,000 tons.
It is understood a large number of the
products of the corporation carry'“red
ink" figures and consequently sales are
not being pushed. In trade circles it is
said a seasonal resumption of activity
is expected next month.
> United States Cast Iron Pipe, both com
on and preferred, made new high levels
for the current movement. There have
been’ reports of competitive buying for
control, but these are not taken serious
ly. although It is known one southern
inteerst has bought 30.000 shares of the
stock in the open market during recent
months. The continued advance in the
common has brought tempting profits
to early purchasers, and there was a
tendency to cash these profits in trading.
The copper stocks were reactionary,
due to the continued weakness In the
price of the metal. Sales of sizeable lots
were reported by large producers at 1344
cents and metal was obtainable for in
dependents UT cents for immediate de
livery. The large quantities of Anaconda
hanging over the market a3 a result of
the exchange for stock of the American
Brass Company has proved a deterrent
to buyers.
American Sumatra was one of the con
sistently weak stocks throughout the
trading. Directors of the consolidated
Cigar Company the control of which Is
owned by American Sumatra, met and
passed the dividend on the preferred. It
has been paying 1% per cent quarterly.
The trading element has assumed that at
the meeting of the America Sumatra
directors next Wednesday, the dividend
on the preferred stock will he passed.
The consolidated dividend action was
not announced until after the close of
the market.
Division Chemical was a weak feature,
declining nearly 3 points in the face of
early strength in the general list. The
selling was attributed to a report that
the Silica-Gel process is unsuccessful
commercially. This report was denied
emphatically by officials of the company,
although at the offices of an oil company
it was said results had not been satis
factory. I here was an excellent demand
or the stock around 59, some of the
Uiylng being for the account of a group
which has been exploiting its market
possibilities.
The effort a of a well-known operator
to bring about a sharp advance in Bald
win Locomotive have not thus far been
as successful, as certain interests had
hoped. In quarters which are usually
well informed as to the corporations
workings, it is said the annual report
which will be made public presently will
show approximately Sl7 a share earned
during last year. Traders expect a final
drive against the shorts, but are selling
the stock on rallies under the Impression
that pool liquidation is in progress.
The usual spasmodic xvhirl was given
♦he rails, the movement differing from
others during recent sessions only in that
it embraced some of the high priced
issues. Union Pacific at 131 was higher
than it has sold since it was ex-dividend
while Northern Pacific, Southern Pacific
and in the low priced group. St. Louis
and San Francisco and Rock Island all
scored substantial advances. The ac
tivity did not last more than an hour
when attention again reverted to the In
dustrial list.
The motor stocks continue unpleasantly,
strong for that considerable part of the
speculative community jvbioh has sold
them short. Studebaker selling ex-divi
dend 1% per g'ent was quoted at OoVi,
the equivalnt of 97 and an eighth above
its previous high record this year. Chand
ler, after declining a point, recovered
sharply. Despite the strength in- these
issues, some close observers are of the
opinion that distribution is in progress.
Profit taking which has been In evi
dence for some days in Associated Dry
Goods resulted in a sharp decline in the
price of that stock. With little reaction,
the quotation was advanced from 46 to
nearly 56. and purchases below 50 have
fc"en converting paper profits into cash,
where is no change in the corporation's
liosition. it is said, and the recession is
technical.
I That Wall Street looks only at the
[day to day developments has been shown
[many times during recent months, it
[was demonstrated again when the op
timistic statements of Thomas W. La
laiont. In which he predicted the return
'of normal activity in trade and industry
next fall, passed unnoticed. The trading
element shares Mr. Lamont’s views for
the long future, but are more concerned
at the moment with the activities of the
many pools operating in the market.
Directors of the National Steel Oar
I.ines Company, which finances purchases
>f.railroad equipment through the issu
ince of notes, met and declared a pre
erred stock dividend at the rate of 8
>er cent. The annual meeting was held
a ter, at which officers were elected for
he ensuing year.—Copyright, 1922, by
'ui>lic Ledger Company.
N. Y. Stock Opening
(By Thomsoa & McKinnon)
—Feb. 11. — Opening—
Allied Chemical 58%
AUls-Chalmers 44%
Amn. Can 87%
Am. Ice 92%
Am. Locomotive 106%
Am. Smelt. & Ref 45%
Am. Sugar Re..f 66%
Am. Sumatra Tob 24
Am. Tobacco 133
Am. AVoolen 82%
Anaconda Min. Cos : 47%
Atlantic Gulf & W. 1 26%
Baldwin Loco 102%
Bethlehem Steel (B) 63
Canadian Pae. Ry 126%
Central Leather 32%
Chandler Motors 64%
Chi.. Mil. & St. Paul 20%
Chicago & Northwestern 67%
Chi., Rock Island & Pac 33%
Cluett P 53
Coca Cola 45
Corn Products 102%
Crucible Steel 61%
Cuban Am. Sugar 18%
Del. & Lack 111%
Famous Players 78%
Gen. Asphalt 60%
Gen. Electric 146
General Motors 9
Gulf States Steel 73
Hupp 14%
Inter. Harvester 83%
Lackawanna Steel 47%
Lehigh A'alley 58%
Marine pfd 69%
Mexican Petroleum 117
Midvale Steel 30
New Haven ?. 17%
Northern Pacific 79%
Pacific Cil 46%
Pierce-Arrow 14%
Pitts. Coal >. 61%
Reading 73%
Sinclair 10%
Southwestern Paaicfiq &3%
Standard Oil, California 04%
Stromberg Carb .' 35%
! Studebaker 94%
j Texas Cos 44%
! Tobacco Products 63
‘ United Fruit Cos 134%
U. S. Cast iron Pipe 26%
| U. S. Steel 87%
Utah Copper 60%
Worthington Pump 47
N. Y. Stock Exchange
(By Thomson & McKinnon.)
—Feb. 10— Prev.
High. Low. Close. Close.
Ajax Rubber... 16% 15% 16 15%
Allied Chemical. 58% 58% 58% 58%
Alils-Chalmers.. 45% 44% 45 45%
Am. Beet Sugar. 34% 34% 34% 36
Am. Bosch Mag. 36% 35% 35% ......
| Am. Can 37% 37% 37% 37%
I Am. Car & Fdy.147% 147 147 147%
; AmH & L com. 14% 13% 14% 14
Am H& L pfd. 65% 65% 65% 65%
Am. Internatl.. 43% 41% 41% 43
Am Locomotive. 108% 106% 106% 108%
Am. Steel Fdy.. 32% 32 32 32%
Am. Smt. & Ref. 45% 45V* 45% 45%
Am. Sugar Kef. 67% 66 66 67%
Am. Sum. Tob.. 27% 24% 24% 26%
Am. Tel. & Te 1.118% 117% 117% 118
♦Am. Tobacco.. 135 130 133 137%
Am. W001en.... 83% *82% 82% 83%
Anaconda - 47% 47% 47% -t7"
Atchison 98 97 97 % 90%
Atl. Coast Line 88 88 88
At. Gulf. AW. I. 26% 26% 26% 26
Baldwin L0c0... HR % 102% 102% 103%
B. A 0 36% 35% 35% 35%
Beth. S. (B) 65 63% 63% 64%
Brook. R. T.... 11% 11% 11% 11%
Cal. Pete 50% 48% 48% 48%
Cqn. Pac. Ry... 127% 125% 121 126%
Cen. Leather.. 32% 32% 32% 32%
Chandler Mot... 63% 64% 65 64%
C. A 0 58% 57% 58% 57%
CM A St. P coni 20% 19% 19% 20%
CM A St. P pfd 34% 33% 33% 34%
Chi A North.... 67% 67 07 07%
CR I A Pac 34% 33% 34% 33%
CRI AP 6 pet p 75% 75 75% 75
Chill Copper .. 16% 16 16% 16%
Chino Copper... 26% 20 20% 20%
Coca Cola 45% 44% 44% 45%
Columbia Gas... 70 69% 70 o!<%
Consol. Gas 90% 90 90% 89%
Contin. Can 53 52% 52% 53
Corn Products. .103% 102% 102% 103%
Crucible Steel... 63% 61% 61% 62%
Cub. Am. Sugar 19% 19% 19% 18%
Cub. Cane Sug. 9% 9% 9% 9%
Del. A Lack 112 111 111% 111%
Dome Mines ... 23% 23 23% 23%
Erie 11% 10% 11% 1"%
Erie Ist pfd.... 17% 1% 17 16%:
Endicott and J. 81 80% 81 81
Famous Players 79% 78% 79% 79%
Gen. Asphalt . 61% 60% 60% 01%'
Gen. Electric ..146% 146 146 146
Gen. Motors ... 9 8% 9 9
Goodrich 36% 36% 30% 30%
Gt. North, pfd. . 70% 74% 74% 74%
Gt. North. Ore . 35% 35% 35% 35%
Gulf S. S 76% 74 74 75%
Hupp 14% 14% 14% 14%
Houston Oil .. 70% 74% 76% ....
Illinois Central.lol% 101 101% ....
lndlahoma 3% 3% 3% 3%
In. Copper 38% 37% 37% 38
Inter Harvester 83% 83% 83% 83%
inter. Nickel .. 12% 12% 12% 12%
Inter. Paper ... 49% 49% 49% 49
Invincible Oil .. 15 14% 14% 15
Kansas C. S. .. 24% 24 24 24
Kelly S. T 38 37% 37% 38
Kenn. Copper . 27% 27 27% 38
Lack. Steel ... 49% 47% 47% 47%
Lee Tire AR. , 28% 27% 28 28% i
Lehigh Valley .. 59% 58% 58% 59
Loews, Inc 11% 11% 11% 11%
Martin Parry .. 32 32 32 32%
Marine com 13% 15 15 15%
Marine pfd 70% 09% 69% 70%
May Stores ....106% 100% 100%
Maryland Oil .29 27% 27% 27%
Mex. Pet 119 115% 117 110% !
Mid. States Oil.. 12% Ilf 12% 12%
Midvale Steel .. 31 30% 30% 31%
Mis. Pac. Ry... 19 18% 18it ls% i
Mis. Pac. pfd... 48% 48% 48% 18% :
Mont. A Ward. 13% 13 13" 13%
Nat. Lead 89% 89% 89% j
N. Y. Central... 76% 75% 75% 76%
New Haven 18% 17% 17% 17%
Nork. & West..lol 100% 101 100%
North. Pacific.. 80 78% 79 78%
Ok I Pro. A Kef. 2% 2% 2% 2%
Owen Bot. com. 29 27 % 27% 28%
Pacific Oil 46% 46 46% 45%
Pan-Am. Pete.. 53% 52% 53% 53%
Penna. Ry 34% 34% 40% 34%
People’s Gas... 75% 74% 75% 75
Pere Marquette. 22% 22 22 22%
Pierce-Arrow .. 15% 14% 15 15
Pierce Oil 9% 9 9% 9%
Pulmn. Pal. Car. 116% 115% 115% 116%
Pure 0i1....... 34% 34 34% 34%
Reading 74% 73% 73% 73% •
Rep. Irn. A Stl. 53% 52 52% 53%
Keplogle Steel. 32 30 30% 31 %
Ryl. Dch. N. Y. 51 50% 51 50% f
Sears-Roebuck.. 63% 63 63 63%,
Sinclair 20 19% 19% 19%
Sl.-Shf S, A 1... 41 40 41 40
South. Pac 83% 82% 82% 82%
Southern Ry 19% 19 19. 18%
Std. Oil of Cal.. 95% 94% 94% 94 U
Std. Oil of N. J. 178 178 178 176
St.L. A S.F.eom. 24% 23% 23% 23%
Stewart A War. 30% 30% 30% 30
•Studebaker ... 95% 94 94% -90%
Tex. Gas A Sul.. 43% 42% 42% 1
Tex. Coal A 011 25% 24% 25% 25
Texas Cos 45% 45 45% 44%
Texas A Pacific 31% 31 31 31%
Tob. Products.. 63% 63 (13% 03%
Trans. OH 10 9% 9% 9%
Union Oil 19% 19 19% 19%
Union Pac 131 129% 130% 129%
United Drug .. 08% 68 68% 67%
United Fruit ..134% 134% 134% 134
U. S. Retail St. 55% 5-,% 54% 55%
V. S. Food .... S':, :•% 3% 3%
U. S. Ind. A1... 45% 44% 44% 44 >/, \
U. S. Rubber .. 54'% 53% 53% 54%
U. S. Steel ....89 8(% 87% 89% i
I'. S. Steel pfd. 116% 113% 116% 116% I
Utah Copper .. 61% 0)% 61% 61
Van. Steel 35% S'% 34% 35% i
Wabash 7% 7 7% 7% ;
Wabash Ist pfd 22 23% 21% 21%
W. Marvland .. 9% 9 9 8% 1
West. Pac 16 15% 15% 15%
Western Union. 90 89 % 90 89%
Westinghouse.. 53% 52% 52% 53%
White Motors .. 38 37% 38 38
Willvs-Overland 5% 5 5% pK
White Oil 9 8% 8% 9%
Wnolworth ... 149% 149% 149% 151%
Worth. Pump .47 47 ‘ 47 * 40%
Wilson 34% 34% 34% 33%
•Ex-dividend.
CHICAGO STOCKS.
(By Thomson A McKinnon)
—Feb. 10.—
Open High Low Close
CCA Cn R pfd 5% 5% 5% 5%
Chi. E. R. pfd. 2 2% 2 2%
Cudahy 57% ...
Cont. Motors .. 5% ...
Earl Motors ... 2% 32% 2%
Lib.-McNeill ... 5% 5% 5% 5%
Mont-Ward ... 13% 13% 13% 13'.,
Natl. Leath. .... 2% 2% 2% 2%
Pick A Cos 24 24% 24 24 I
Pig Wig. “A”. 37 37 36 36% j
Reo Motor 10 19% 19 19% !
Stew-War 30% 30% 30% 30% !
Swift A Cos. ...102 102 101% 101%
Swift Inti 21% ... *
Thomp. (J. R.) 41% ...
Temtor Corn A3
Un. Car. A Cbn 46% 47% 46% 47%
Wahl 65% 65% 65% 65%
Wrigley 107% 107% 107 107"
Yei. Taxi 60%
STOCK MARKET
CLOSES HEAVY
Some Leading Issues Sustain
Losses of Around 1 Point.
NEW YORK, Feb. 11.—The stock mar
ket closed heavy today, most of the active
issues being in supply.
There were some rallies in the last few
minutes.
Uirited/States Steel held around 87%.
while Bethlehem Steel “B” dropped over
1 point to 62%, followed by a rally to 63.
Chandler Motor fell 1 point to 64 and
then rallied to 64%, while Studebaker
was in somewhat large supply, yielding
over 1 point to 93.
Famous Players-Laskey was a strong
feature, advancing over 2 points to 80%.
Mexican Petroleum, afte:.* selling at
118%. fell to 117%.
Government bonds were unchanged and
railway and other bonds irregular.
Total sales of stocks for the day were
290.800 shares; total sales of stocks for
the week, 4,167,000 shares.
(By Thomson A McKinnon.)
-Feb. 10-
With the exception of some short
covering In a few issues, noticeably
Mexican Petroleum and some in and out
trading of a professional character In
'he active list, there was nothing In the
dav’s proceedingsr' that could be called
significant. The news was mixed.
A review of the copper industry Is not
very encouraging, while reports of the
steel industry are generally more favor
able.
Nevertheless, there was considerable
disappointment todav when the tonnage
figures were published in she United
States Steel Corporation. An Increase in
booked orders was generally anticipated
and was one of the influences In yester
day's advance.
After the publication of the figures this
stock declined moderately, pressure being
mainly of /a local and professional
character.
The rails Have been acting well though
the volume of business In this depart
ment is stiil moderate.
One of the most favorable expressions
with regard to general Business' Is
credited to a member of the Morgan'flrm,
who fixes next autumn as the time fdr
big business. •
Bonus legislation continued to occupy
a prominent place In the day’s news,
but it was less of an Influence In the
market. It appears that the committee
have agreed on a security tax of about
one-tenth of 1 per cent. This is sufficient
ly large to reduce materially the volume
of professional transactions.
It will have the effect of widening
fluctuations: % to % fluctuation will
probably take th e place of % to % as at
present/
Otherwise the market will continue its
upwtirA tendency In Conformity with
business developments.
TWENTY STOCKS AVERAGE.
NEW YORK, Feb. 11.—Twenty indus
trial stocks Friday averaged 83.05, off
■ ’ • Twenty active rails
averaged 76.77, off .04 per cent.
CLEARING HOUSE STATEMENT
NEW YROK, Feb. 11. —Exchanges yes
terday were 8640,600,000: balances. $64,-
000,000; Federal Reserve Rank credit bal
ances, $54,400,000.
Monet/ and Exchange
Indianapolis bank clearings Saturday
were $2,869,000 and for the week ending
Saturday $15,434,000. Bank debits Satur
day were $4,837,000 and for the week end
ing Saturday $27,250,000.
NEW YORK, Feb. 11.—The foreign
exchange market opened weak today.
Demand sterling was l%c lower at $4.32%.
Francs yielded 2% centimes to 8.50 c for
cables and 8 49%e for checks. Lire were
7_points lower to 4 80c for cables and
4.70%c for checks. Belgian franc cables
were 8 10c: checks, 8.09%. Marks were
% of a point lower at ,004!)%e. Guilder
cables were 37c; checks. 36 95c. Sweden
knonen cables were 25.80 c; checks, 25.75 c.
NEW YORK LIBERT Y BONDS,
—Feb. 10— i’rev.
High Low. Close, close.
Liberty 3%s 97.46 96 70 97 00 96.46
Liberty Ist 4s 96.?0 96 20
Liberty 2nd 4s 06 Oo 96 02
Liberty Ist 4%s 96.56 96.10 96.42 96.30
Liberty 2nd 4G,* 96.18 96.00 95 00 96 08
Liberty 3rd 4%s 97 40 97.22 97.30 97.30
Liberty 4th 4%s 96 44 96 24 9634 96 26
Victory 3%s 100.00 99.96 99.96 99 98
Victory 4%s ...100.12 100.10 100.10 100.10
MOTOR SECURITIES.
(By Thomson A McKinnon)
—Feb. 10. -
—Closing
Bid Ask
Earl Motors 2% 3
Packard com 6 6%
Packard pfd 65 67
Peerless 35 36%
Cont. Motors com 5% 6
Cont. Motors pfd 84 88
Hupp com 14% 14%
Hupp pfd 90
Reo Motor Car 19 19%
Elgin Motors 2% 3
Grant Motors 1 1%
Ford of Cunada 280 285
National Motors 1% 2%
Federal Truck 15 17
Paige Motors 13% 14%
Republic Truck 5 5%
ACTIVE OIL STOCKS.
(By Thomson A McKinnon)
—Feb. 11—
—Opening—
Bid Ask
Anglo-American Oil .. ■. 17% 17%
Atlantic Lobos S% 9
Borne-Scryinser 320 310
Buckeye Pipe Line 91 93
Chesebrough Mfg. Cons 180 190
Font. Oil, Col 128 132
Cosden Oil and Gas 5 8
Crescent Pipe Line 33 34
Cumberland Pipe Lire 130 140
Elk Basin Pete 5% 6
. -“ka Pipe Line 88 90
Ga- “-Signal Oil, pfd 105 109
Gelena-3ignal Oil. com 41 43
Illinois Pipe Line 167 170
Indiana Pipe Line 88 92
Merritt Oil g% gai
Midwest Oil 2% 3
Midwest Rfg 165 * 170
National Transit 28% 29%
New York Transit 155 157
Northern Pipe Lino 103 107
Ohio Oil 269 272
Oklahoma P. A It 5% 5%
Penn.-Mex ig ]j)
Prairie OU and Gas 533 5(5
Prairie Pipe Line 240 243
Sapulpa Itefg 2% 3%
Solar Refining 370 385
Southern Pipe Line 94 96
South Penn. Oil 185 195
Southwest Penn Pipe Lines.. 60 65
Stand. Oil Cos., of Ind 86% 86%
Stand. Oil Cos., of Kan sofr 570
Stand. Oil Cos., of Ky 450 475
Stand. Oil Cos., of Neb 165 175
Stand. Oil Cos., of N. Y 362 366
Stand. Oil Cos., of Ohio 3so 390
Swan A Finch 35 4,5
Vacuum Oil 334 337
Washington Oil 28 32
NEW YORK CURB MARKET.
(By Thomson A McKinnon.)
—Closing—
, , . Bid Ask
Acme Packing 30 40
Curtis Aero, com 4% 5
Curtis Aero, pfd 20
Goldfield Con 4 ft
Jumbo Extension 3 5
Imperial Oil (Del.) 10% 10%
International Petroleum .... 14% 15
Nipissing 5% 6%
Standard Motors 3% 4
Salt Creek 13% 14
Tonopah Extension 1% 1%
Tonopah Mining 1% 1%
United P S New 1% 2
IT. S. Light and Heat 80 88
U S. Light and Heat pfd 95 100
Wright-Marti 11 2 5
Yukon Gold Mine Cos 1% 1U
Jerome 26 32
New Cornelia 17% 18%
T’nited Verde 29% 30
Sequoyah 3 12
Omar Oil 71 75
Rep. Tire 16 20
Boston A Mont 46 47
Kirby Oil 23% 23%
NEW YORK TUBES.
NEW YORK. Feb. 11.—Hides were in
better demand In trade on the market
here yesterday. Prices ruled firm, native
steer bides being quoted at 16c and
branded steer hides at 15015%c per lb.
NEW YORK METAL MARKET.
NEW YROK, Feb. 11.—Cooper—Weak;
all positions offered 12%c. Lead—Dull;
alt positions offered 4%0. Spelter—Dull;
all positions offered 4.55 e.
NEW VOttK TURPENTINE.
NEW YORK. Feb. 11.—Turpentine sold
at 91 e per Aibon in trade on the mar
ket here yestKday.
INDIANA DAILY TIMES, SATURDAY, FEBRUARY 11, 1922.
New York Sonde
By Fletcher American Cos.)
—Feb. 10—
FOREIGN GOVERNMENT BONDS.
Bid. Ask.
lA. (Unlisted) 58, Sept. 1, ’45 75% 76
! Arg. 7, Oct. ’23 97% 98
i Belgian 6s, Jan. 1, ’25 99% 99%
Belgian 7%5, June 1, ’45....107 107%
Belgian Ss, Feb. 1, ’4l IU6 106%
Berne Bs, Nov. 1, ’45 109 110
Brazil Bs, June 1, '4l 103 103%
I Chile Bs, Oct. 1, 126 100% 100%
Chile Bs, Feb. 1, ’4l 101% 102
Chile Bs, Nov. 1, ’46 101 101%
Christiania Bs, Oct. 1, ’45 108 168%
Copenhagen 5%5, July 1, ’44. 87% 88%
Dullish Mun. Bs, Feb. 1, ’46 107 107%
Denmark Bs, Oct. 13, ’45...108% 109
•Canadian 5%5, Dec. 1, ’22... 95 96
♦Canadian 5%5, Nov. 1, ’23... 95 96
•Canadian 5%5, Nov. 1, ’24... 94 % 95%
i •Canadian ss, Dec. 1,’25 93% SM%
■Canadian ss, Apr. 1 ’26... 97% 97 %
Canadian 5%5, Aug. 1, ’29... 98% 99
.Canadian 6s, Apr. 1, ’31.... 96% 96%
i ‘Canadian ss, Oct. 1, *21.... 93% 94%
Canadian 5%5, Nov. 1, ’33... 97% 98%
I ‘Canadian 5%5, Nov. 1, ’34... 95 96
! Canadian ss, Mch. 1, ’37 95% 96%
; ‘Canadian 5%5, Dec. 1, ’37. 99% 100%
! ‘French (Viet.) ss, Opt. ’3l. 62% 64
•French 4s, Opt. ’43 50% 51%
I French 7%5, June"’4l 96 96%
! French Ss, Sept. 15. ’45 101% 101%
j ‘ltalian (War) ss, 36% 38
! Jap (First) 4%5, Feb. 15, ’25. 87% 87%
Jap (S.) 4%5, July 10, ’25 .86 % 87%
■ Jap 4s, Jan 1, ’3l 73% 74
Mexico ss, Jan. ’45 56 57
| Mexico 4s, Jan. ’54 44% 45
i Norway Bs, Oct. 1, -40 109% 110
Queensland 7s, Oct, 1, ’4l 106% 107
Rio de Janeiro Bs, Oct. ’46. .100% 101
Sao Paulo Bs, Jan. 1, ’36 101% 102
Swedish 6s, June 15, ’39 96% 97
Swiss 5%5, Aug. 1, ’29 97 % 97%
! Swiss Bs, July 1, ’4O 114% 116
U. K. 5%5, Nov. 1, ’22 103% 103%
’U. K. 5%5, Aug. 1, ’29....103% 104
U. K. 5%5, Feb. 1, ’37 98% 90
Uruguay Bs. Aug. 1. 46 103% 101%
Zurich Ss. Oct. 15, '45 108% 109
Bergen Bs. 107 108
Argentines. A. * 0 54% 55
\rgentlne 4s, J. & J 54% 53
Ourch 94% 94%
I,'Vr 6s 104% 105%
j Sxone 7 90% 90%
•Internal Loans.
CORPORATION BONDS.
. „ . * Bid Ask
Allied Packers 6s ft) 70
Alum Cos. of Am. 7s Nov ’25.105% 101%
Am. Cotton 011 6s, fcept. £, ’24 03%
Am. Tel. es, Oct., ’22 100% 100%
Amer. Tel. 6s, Feb., ’24 100% 100%
Arner. Thread Bs. Dec., ’23....100% 101
J ob - Nov., ’22 100% 101
Am. Tob. 7s, Nov., ”23 192 102%
Amer. Tel. &. Tel. 6s ’23 110% 111
Anaconda 6s, Jan., '29 98% 99%
Anaconda 7s, Jan., ’29 101% 102%
Anglo Am. Oil 7%5. Apr., '25 103% 103%
Armour7s, July 15, '3O 102 102%
Atlantic Ref. 6%5, Mch., ’31..104 101%
Atchison Gen. 4s sg ks-%
i Bell of Pa. 7s T 108% 108%
I Bell Tel. of Can. 7s, Apr., '2B. .100% 101%
! Beth. Steel 7s, July 15, ’23.... 100% 101%
i Big Four 6s 97; pg
! can. Nor. 6%s 108% 109%
Can. Nor 7s no 110%
Can. Pacific Bs, Mch 2, ’24..100% 101
C. A. 4s 77% 73m
C. B. Q. Gen. 4s 87% 87%
C. B. Q.—HI. 3%s ...., 79 79%
C. B. Q.—Neb. 4s 95 95%
C. B. Q. —Jt. 6%s 106 106%
Cent Arg Ry. 6s, Feb., '22 . 90% ...
■Coil. Gas 7s. Dec., '22 101% loi%
i Chic. AN. W. 6Via 106 106%
| Chic. A N. W. 7s 105% 106%
‘ C*>l. Grtu>b 8s 27 29
Copper Exp. Ba, Feb. 15, '23.. 102 102%
Copper Exp. Bs, Feb 15, ’24 .102% 103
■Copper Exp. Bs. Feb. 15. ’25.. 103% 104
! Cuban Am. Sugar 8, 103'.. 104%
, Cudahy 7s, July 15, ’23 100% 100%
Diamond Match 107% 107%
lOu Yunt T1 S 8 103% 103%
Fed. Sugar 6, Nov., '24 u,*'.., 9 'v*
I Fed. 5s '4l 102% 102%
! Fisk Tire 8s 101% 101%
j Calena 7s 101% 102%
i Goodrich 7s, Apr., '25 97 % 97%
Goodyear Ist Ss, '4l 112% ll*%
1 Goodyear Deb. 8s '3l 97% 98%
j Great Northern 7s 1u7% 108
: Grand Trunk 6s 101% 102%
1 Grand Trunk 6%s 102% 103
'Grand Trunk 7s 109% 110%
10. N. ft Via 96% 97 *
I Gulf Oil 6s, July. ’23 100% 100%
j Gulf Oil 7s, Feb., S3 103 10Ci%
1 Heinz 7s, Dec., 30 104 104%
Hocking Val.Cs, Mch. ’24.... 9->% ps%
Hunble Oil 7s. Mch. Ift, ’23. .1(0% l(t%
111. Cent Ref 4s. ’55 54% 85'
: Int. R T. Bs. Sept., ’22 88% 81%
I Inter. Met. 4%s 17% 18%
! Interboro 5 63% 04%
K. C. Pr. & I.t. 8h 1(13 194%
K. C. Term 6s. Nov. 15, ’23 .102 102%
Kelly-Springfleld 8s 103% 103%
Kenn Copper 7s, Feb., '50....102% 102%
Laclede Gas 7s, Jan., '29..., 94% 05%
! Libby McNeil 7s, May, "31.... 90% 99%
j L. N. 7s. ’3O 107 108
i Mex. Pet. Ss 100% 100%
Morris 7Vjs 102% 164%
: M. St. P. A S. 9. M 6%s 101% 102%
; Nat'l Cloak and Suit 98% 95%
I Nat’l Leather Bs. Nov. 15. '25 96 96%
N. Nt. 7s 107% 108%
N. Y Central 7s '3O 105% 106%
IN. Y. Tel Ref 6s. ’4l 103% 104%
IX. Y. Edison 6%5, ’4l 105% 106%
I Nor. Pac. P. L. 4a 84% 84%
' Nor. Pac. G. L. 3s 60% 61
! Nor Pae. 6s 100% 107%
! Packard 8s ... .* ; 99% 100
j Pan. Amer. Pet. 7s 95% 96
! Penn 6%s *.105% 106
i Penn 7s 105% 106%
I Philippine 5%5. '4l 104% 105%
Proctor A- G. 7s, Mch., '22... .100 100%
Proctor A-G. 7s. Mch., ’23 lul% 101%
Q. 5s 90% 97%
R. J. Reynolds 6s. Aug, '22.. 100% lot
St. L.-Sati Fran. P. L. 4s .... 08% 68%
St. L.-San Fran. Adj. 6s 75% 75%
Seaboard Con. 6s 47%
1 Sears-Roebuck 7s, Oct. 15, ’22 100 100%
Sears-Itoebuck 7s. Get. 15. '23 98% 991,,;
Sinclair 7%5, Mar 15, '25.... 90% 100
Solvav & Ole Bs, Oct., ’27 102% 103%
So. Rv. 6s, Mch., '22 99% 100%
Sou. 46, 6%* 01% 95
S. W. Bell tel. 7s. Apr.. ’25 .101% 101%
S. Oil (N Y.) 7s. Jan ’25-’31..104 109
S. Oil (N. Y.) * %s. May. '33 .106% 106%
St. Paul I’ D 5%5, Dec. 15, '23 09% 100%
Steel A Tube 7s 98% 99
Swift 7s, Oct. 15, '25 101 101%
Swift 7s, Aug. 15, '3 r 302% 102%
Texas Cos. 7s, Mch 1, ’23 101 101%
Tidewater Oil 6%s 101% 102%
Union Tnuk Car 7s 102% 103%
U. S. Rubber 7% 104% 101%
Utah Sec. 6s, Sept. 15, ’22 98% 99%
Vacuum OH 7s 107% 107%
Va. Car ('hem. 7%s 91 92
Western Union 6% 107% 108%
Western El. 7a. Apr., ’25 104% 105%
Westlnghouse 7s, May, ’81..105% 106%
Wilson 7%s 95% 95%
Winchester 7%s 97 97%
NEW YORK SUGARS.
NEW Y'ORK, Feb. 11—Raw sugars
were rather unsettled in trade on the roar
ket here yesterday. Cubas selling nt 3.67 c
| per pound, duty paid, and Porto Ricos
at 3.61 c per pound, delivered. Refined
sugars were quiet, with prices firm. Both
fine granulated and No. 1 soft were quot
ed at 5@5.10c per pound.
NEW YORK COFFEE.
NEW YORK, Feb. 11.—Coffee ruled
weak in trade on the market here yester
day, opening options being 5 to 9 points
lower. Rio No. 7 on spot was quoted
at 9%c per lb.
NEW Y’ORK RICE.
NEW YORK, Fel\. 11.—Rice values
were firm in trade on the market here
yesterday, domestic rice selling at 3%f(g
7%c per lb.
NEW YORK PETROLEUM.
NEW’ YORK, Feb. 11.—Petroleum
prices were stejidc in trade on the mar
ket here yesterday, Pennsylvania crude
oil selling at $3.25 per barrel.
>EW YORK WOOL.
NEW’ Y’ORK. Feb. 11.—Wool values
ruled firm ou the market here yesterday.
Domestic fleece, XX Ohio, was quoted
at 25@30e per pound; domestic pulled,
scoured basis, at 38@G7c aid Texas do
mestic, scoured basis, at 40<y;75e.
INDIANAPOLIS PRODUCE.
Eggs—Loss off 32@34c. Butter—Pack
ing stock. 15@17c. Poultry—Fowls. 16 (d
23c; springs, 20<g.23c; cocks, ll(ojl2e
! stags, 13@14e; canons, 7 lbs. and up.'sOc;
capons, under 7 lbs. 2fle: capon slips 7
lbs and up 30c: capon slips, under 7 llis
I 26c; young hen turks, 8 lbs. and up 35@
i 40c young tom turks, 12 lbs. and up 35 %
40e old tom lurks, .’:o(d33e: cull thin tur
keys not wanted : ducks. 4 lbs. and up,
Kltgl9c; geese, 10 lbs. and up, 14; squabs!
11 lbs. dozen. $5; young guineas, 2-lb. size
per doz.. $7®7,50: old guineas, per doz.
$3.
Butter—Local dealers are paying 38@
39s per lb. for butter delivered In In
dianapolis.
Butter Fat—Local dealers are paying
35c per lb. for butter fat delivered In In
dianapolis.
SWINE PRICES
HOLD STEADY
Cattle Receipts Light—Specu
lators Only Buyers.
RANGE OF HOG PRICES.
Good Good Good
Feb. Mixed. Heavy. Light.
3. $9.40 @ 9.65 $9.15@ 9.25 $9.65® 9.75
4 9.35® 9.65 9.16® 9.20 9.65® 9.75
6. 9.60® 9.85 9.25® 0.f.0 9.9i>®10.00
7. 9.75® 9.90 9.60® 9.75 9.95®10.00
8. 9.90® 10.15 9.60® 9.85 f0.15® 10.25
9. 9.80® 10.00 9.60® 9.75 10.10®10.25
1 10. 9.90@10.25 9.50® 9.85 10.25@10.50
11. 9.90@10.25- 9.50® 9.85 10.25@10.60
Swine prices ruled about steady in
trade 011 the local live stock exchange to
day, with receipts light at 2,000 and
packers the only interests showing de
mands.
There was lit le interest shown by
, shippers, the supposition being that re
ceipts were so light that outside interests
realized that it would be useless to try*
to fill orders.
Speculators were the ouly active buy
ers of the cattle rnarkte. Receipts were
extremely light at 100 fresh cattle.
Brices were steady generally.
Veals were steady to strong, with re
ceipts around 260, the quality fair and
the demand good. There was a top of
sl2 on choice veals and an extreme top
of $12.50 on a very few sales.
Sheep and lambs ruled steady, with re
ceipts around 150, the quality fair and
the demand rlther slow.
HOGS.
160 to ISO lbs average $10.25@10.50
Over 300 1b5.....' 9.50
160 to 300 lbs 9.50(310.50
Sows
Stags 5.00(8, 6.50
Best pigs, under 140 lbs O.OOdgIOOO
Hulk Os sales 9.75@10.25
Top 19k50
A-Ci.t tie—
Prime corn-fed seers, 1,200
to 1,800 lbs 6.75@ 7.75
Good to choice steers, 1,200
to 1,300 lbs. 6.25® 6.75
Good to < Voice steers, 1,100
to 1,200 lbs. 6.00® 6.25
Good to choice sWers, 1,000
to 1,100 lba. 5.50® 6 00
Common to medium steers,
800 to 1,000 lbs 5.25® 5.50
—Cow* and Heifers—
Good to choiee heifers ' 50® 7.50
Medium heifers 0.25@ 6.25
Common to medium heifers .. 4.50'd 5.50
Good to choice cows 8.50® 5.75
, Fair to medium cows 2.25® 3.50
! Cutters 2.50® 4.25
| Cauners 2.75® 2.50
—Bulls—
Good to choice butcher bulls 4.25® 4.50
Bologna bulls 3.00® 3.50
Light bologna bulls 2.50® 2.75
Light to common hulls. .... 2.00@ 2.50
—Calve*
Choice veals 11.00® 12.00
Good veals 10.00® 11.00
Medium veals 8.0(@ 9<)
I Lightweight veals 6.00<® 7 00
1 Common to heavyweight veals 5.00® 6.00
—Stocker* and Feeder*—
! Good to holee steers un
der 800 th 4.75® 5.50
Medium cows 2.50® LOO
Gocd cows 3.75® 1.50
Good heifers 5.00® 650
Medium to good heifers 11>0@ 4.75
Milkers 37.00@75.00
—Sheep and Lumb*—
Ewes 1.50® 5.00
Bin ks 2..4)@ 3 -4)
Good to choice lam.i* 11.(k>@1350
Seconds 7.u>)<<4 9 00
Buck lambs 7.00<a 6.00
Culls 3.00(11 6.00
Ii
Otner Livestock ,
CHICAGO, Feb. 11.—Hogs—Receipts,
8. market, active nnd mostly 10c
higher; bulk of sales. $9.6U@10.i0; top,
$10.25; heavies. $9.00@9.85; mediums.
M1.75fg.10 20: lights, $10.06@10.25; light’
lights, $10.05® 10.25; heavy packing sows,
smooth. $.30@9; packing svefts rough,
$8.25@8.60; pigs. sß.7;VftlO. Cattlft— Re
ceipts, 500; market, slow steady. Sheep
and lambs—Receipts, 4,1(00; market, slow
steady.
CINCINNATI, Feb 11.—Hogg—Re
ceipis, 2,200; market, steady; heavies,
$',.1,511 010; mixed, $lO. 025; medium*,
lights and nigs, $lO 25; 1 ugh*. ss; slugs,
$5. Cattle— Receipts, 200; market,
steady; bulls, steady; calx.s, sl2. Shwp’
and ’ lambs Receipt*. 100; market,
steady; owes, sl(ft7: choice lambs, sl4;
seconds. $10; culls, ss@7.
CLEVELAND, Feb. U.—Hogs Re
ceipts, 2.0O0; market, slow; yorkers, ,
$10.6); mixed, slo.so(ft 10.70; mediums,
$1025; pigs, $10.OO; rough*. $8; stags,
$6. Cattle —Receipt*, K 8.); market, slow
steady. Sheep and iambs- -Receipts, 500 ;j
market, steady; top, $14.80. Calve*—Re- \
eeiptß, loo; market, 50 cents lower; top, 1
sl3.
EAST BUFFALO. Feb. 10.—Hogs-Re
ceipts, ,40o; market, slow; yorkers, $lO 75
:U 11; pigs. $10.75 0 11.10; mixed, $10.50(a
Ift> , heavies, sln 50'a 10.60; roughs, s*.so
@ 8,7.>; stags. s4@s. Cuttle—Receipts, 150;
market, slow; shipping steers. s7(ftß.2ft;
butcher grades, $79(8; heifers, $4.75® j
5.50; cow s, s2'<ift; bulls, s3ft.s; feeders. s•>
@6: milk cows and springers, $20@120. j
Sheep and lambs —Receipts, 8,000; mar
ket, active; rhdre lambs, $14<ft14.75; cull j
to fair, $8(ii13.75; yearlings, sß@ 12.75; I
sheep, $3(0.9.
EAST ST. LOUIS, Feb. 11.—Hog*—Re- !
celpts, 500; market, 15c to 25c higher;!
mixed and butchers, $10.10010.35; good
heavies, $9.85@10.10; roughs, $7.75ft,8.25:
lights. $10.25(410.50; pigs. [e-mail];
bulk of sales, $10.20040.40. Cattle—Re
ceips, 200;- market, steady; native beef
steers, $1 ftS.25; yearling steers nnd
heifers, $"@8.50; cows, $3.75@7>.’-’5; stock
ers nnd feislers. $4@5.50; calves, s4@ll ;
canuers and cutters, $2.25(0 3.50. Sheep
and iambs—Receipts, none; market,
nominal.
I’ITTSBURGII. Feb. 11.—Hogs— Re
ceipts. 1,500; market, steady to 15 cents j
higher; prime heavies, $10.66010.75; me
diums, $]0.65ft'10.75; heavy yorkers. $10.65
ft 10.75: light yorkers, $ 10.65® 10.76; pigs, 1
slo.4oft 10..4); roughs. s7ft 8 ; stags. sl.soft i
5.50; heavy mixed. $10.25010.45. Cattle —j
Receipts, 100: market, steady; choice,
$8 25@8..)0; prime, $7.759/8; good, $76/
7 50; tidy butchers, $6.5007.50; fair, $5.50
9/6.23; common, $4.5005.25’; common to.
good fat bulls, $3@5.50; common to goOaT
fat cows, s2@a.2o; heifers, $4.5006,25;
fresh cows and springers, $40080; veal
calves. sl3; heavy and thin calves, s6@
9. Sheep and lambs Receipts, 4QO; mar
ket, steady; prime wethers. $8.2508.50;
good mixed, $7.5008; fair mixed, $607;
dulls and commons, $2.5004; choice
lambs, $14.50.
Local Curb Market
(By Newton Todd.)
—Feb. 11—
Am. nominey com 14 22
Central and Coast Oil 1
Choate Oil Corp % 1%
(oluuil iu lure lus. Cos 0 ;%
Comet Auto % 2
Dayton Rubber Ult*' 45 55
Dictograph Prod, pfd 31 42
D. W. Griffith 6a; 7%
Elgin Motor Car 1% 2%
Fed Flu. Cos. pfd 77 87
Fed. Fin. Cos. com 125 135
Gt. Sou. Prod. & Ref 5 5%
Goodyear T. & R. com 10 12
Goodyear T. A It. pfd 25 28
Ind Rural Credits 56 do
Metro 5-50 e Stores com 6% 10
Merto. 5-500 Stores pf<i 19 " 26
Nat. Underwriting 2% 4
Rauch A Lang Units 22 31
Stex-eus Duryea Units 21 28
U. S. Auto. Units 50 GO
C S Mtg Cos Units 150 104
BANK STOCKS.
Commercial Nat Bank u gj
Cont. Nat. Bank 7.. 100 116
Ind. Trust Cos 175 190
Ind. Nat. Bank 260 2VB
Mer. Nat Bank 280
Security Trust Cos 130
St::%! Sav. & Trust 91% 96
Union Trust Go 300 ...
Wash Bank & Trust C 0... 150 ...
CHICAGO PRODUCE.
CHICAGO, Feb. 11.—Butter—Receipts,
10.000 tubs, creamery extras, 36036V.C;
firsts, 31035 c; packing stock, i 5017c.
Eggs—Receipts 8,400 cases; current re
ceipts, 3lft3sc; Ordinary firsts, 31032 c;
firsts. 36@36%c; cheek's, 29ft30c: dirties,
30032 c. Cheese—Twins, new, 20020% c;
Daisies, 20%@21c; Young Americas,
20%c; Eonglurns, 21%e; Bricks, 15%c.
Live poultry—Turkeys, 35c; chickens, 24c;
springs. 25c; roosters, 18c; geese. 18c;
ducks, 28c. Potatoes—Receipts, 48 cars;
Wisconsins, $1.7501.95: JL Minnesotas.
$1.7001.80; Colorado Brians, $2,100
2.20.
WHEAT OFFERINGS
ARE LIMITED
Wheat and Corn Open Higher
Oats Irregular.
CHICAGO, Feb. 11.—Offerings of wheat
j xvere scarce on the Chicago Board of
; Trade today and general buying by com
mission houses during initial trade sent
prices higher. May wheat was %@%t
higher and Jdly %@%c higher at the
opening.
!> -pm* a lack of pressure, eorn values
were %@%c higher at the beginning of
trade.
Trade in ojts was light and the open
ing irregular, first prices being %c lower
j to %e higher.
Provisions opened about steady, with
! trade active.
(By Thomson A McKinnon.)
—Feb. 10—
I Wheat —Even after a steady advance
| of. three weeks' duration, both Liverpool
! nn|l Buenos Aires showed strength again
today. This seems to be very significant
of the situation, at least so far as im
mediate supplies are concerned. • Argen
tina shipped a little over 5.000.000 bushels
of wheat, but there is only 547.000 of
this amount destined for the - United
' Kingdom. It can be gathered from this
that Europe and other ifnportitig grain
! countries have bought freely. The sea
board mentions 500.000 oushels Manitoba
sold to the United Kingdom and Inquiries
in the market for more. Those in touch
witli the situation believe that still larg
i er amounts have been sold without pub
! licity. Moderate flour sales are also re
j ported by the seaboard and one of the
; leading millers here was In the market
j for cash w heat In order to meet an ex-
I port inquiry for flour. There is no
moisture indicated in the Southwest, In
fact, high winds and dust storms have
been reported again today, One of the
‘leading crop authorities repeats former
statements that it is too early t make
1 any deflnite estimate of conditions, but
; adds to this by saying the unanimity of
reports from that section necessitates
1 the Idea that the condition Is far be
low what It should be. It is coming to
be believed that ideal weather condi
tions throughout the entire growth of
the plant will be necessary in order to
secure average returns. Central European
countries fear damage from alternate
freezing and thawing. The world’s sit
uation sums up into this: Surplus of
exporting countries Is very little, if any,
1 above theoretical requlrmenest of—lm
porting countries, the chief exporter at
the present time is a reluctant seller, new
crop outlook at home and In aome sec
tions abroad Is none too favorable. We
believe this condition overrides the lib
eral receipts from the Southwest and
the indifference of the domestic flour
i buyer. The market remains in that po
: sit ion where the anticipation of higher
prices is more logical.
Corn and Oats —Private cables from
. Argentina mentioning serious damage to
the corn crop by locusts have brought
very influential buying Into the market.
Estimates of damage range from 30 to
50 per cent It has been previously stated
that reserves of old corn in that coun
'ry were well cleaned up. This being so,
we may look for a revival of brisk ex
i port business for our surplus. We huve
information to the effect that the South
ern demand for oats Is steadily Ira
pro • g. although It has not yet ap
peared in the Chicago market. We recom
in rod both of these grains to the elose
attention of the conservative btyer.
Provisions—Underlying situation in
i provisions is a strong one. Market dull,
but will soon revive.
CHICAGO GRAIN TABLE.
—Feb. 10-
WHEAT— Open. High. Low. Close.
May ISO 132% 1.29 131%
July 1.15% -.lSs 1.15% 1.17% i
CORN—
May 57% .59% .57% .50%
July.... 00% .62 .60 .61%
OATS—
May.... 40.40% .89 T (j .40%
' July 41% .42% .41% .41%
i PORK
•May 1900
LARD—
May 10.67 10 82 10.65 10 82
July 10 87 11.02 10.57 11.02
♦ HIBB—
1n1y... 10.25 10 55 10.20 10.35 /
RYE —
May 97% 10.% .97% 101%
July £_% .92 .89% .91%
•Nominal.
CHICAGO CABH GRAIN.
CHICAGO. Feb. 10—Wheat—No. 3 red.
$1270130; No. 4 red, $1.24; No. 2 hard
winter dark. $130; No. 3 hard yellow.
$123%; No. 4 hard yellow. $1.18; No.
'2 northern spring, dark, $1.32. Corn-
No 2 mixed 53%@51%c; No. 3 white,
53%@54%c; No. 2 yellow. 53@55c; No.
| 3 mixed. 52(3,53%e; No. 3 white. 51%@
58%c; No 3 yellow. 51%@53%e; No. 4 I
mixed, 5031%e; No. 4 white, 50%@
61 %c: No. s yellow, 50%@52%c. Oats—
No. 2 white, 39%@40%c; No. 3 white.
35%@37%c; No. 4 white, 34%@35c.
TOLEDO GRAIN' TRICES.
TOLEDO, Fb. 10.- -Wheat—Cash, *136
(gl 38; May. $142; July, J1.19M,. Corn -
Cash, 68®39c. Oats—Cash,
Rye—Cash, 97c. Barley- Cash, 81c.
- *
PRIMARY MARKETS.
(By Thomson A McKinnon.)
—Feb. 10-
Wheat. Corn. Oats.
St. Joseph 46.000 52,000 4.000
Chicago 45.000 945,000 145,000
Milwaukee.. 13.000 10G.009 ÜB.OOO
Minneapolis... 266,000 53,000 60,000
Duluth 25.000 104.000 24.000
St. Louis 54,00 166,000 64.000
Toledo 20,000 23.000 4,000
Detroit 2,000 8,000 4.000
Kansas City.. 808,000 58.000 27,000
Peoria 7.000 231,000 40.000
Omaha 85,000 123.000 42,000
Indianapolis.. 7,000 153,000 30,000
Totals 880,000 2,018,000 558.000
Year ago..- 938,000 931,000 403,0000
—Shipments—
AVheat. Corn. Oats.
St. Joseph.... 20,000 13.000
Chicago 27,000 904,000 158,000
Milwaukee... 4.000 26,000 75.000
Minneapolis... 126,000 31,000 58.000
St Louis 73,000 69,000 65.000
Toledo 19,000 10,000 6,000
Letrolt 4,000
Kansas City.. 196.000 23,000 29.000
Peoria 4.000 178,000 68,000
Omaha 28,000 1O1,O<)0 24.000
Indianapolis 29,000 32,000
Totals 5W.000 1,388.000 515.000
Year ag0....1,052.000 515,000 322,000
—Clearances —
'Wheat. Corn. Oats.
New York 181,000 21,000
Boston 60,000
Philadelphia.. 37.000 100,000
Baltimore ... 210.000
New Orleans 107,000
Totals 307.000 888,000 36 000
Year dgo.. 286,000 206,000
INDIANAPOLIS CASH GRAIN.
—Feb. 10-
Bids for ear 16ts of grain and hay at
the call of the Indianapolis Board of
Trade were >
—Wheat—Firm; No. 2 red. *1.34@1.36.
Corn —Firm; No 3 white, 54t4@55c;
No. 4 white, 53p£@54c; No. 3 yellow. 53*i
(a 54c: No. 4 yellow, 524(253c: No. 3
mixed, 53@54e; No. 4 mjxev, 52@53c.
Oats—Steady; No. 2 white, 39(i@40c;
No. 3 white, 37@37(40-
Hay—Weak; No. 1 timothy, *17@17.50;
No. 2 timothy, $16.50@17; No. i light
closer mixed, *16@16.50; No. 1 clover,
$18.5012.19.50.
—lnspections
Wheat—No. 2 red, 1 car; sample. 1 cars
total, 2 cars.
Corn—No. 3 white, 10 cars; No. 4 white,
10 cars; No. 5 white, 5 cars; No. 6 white.
6 cars; No. 3 yellow, 4 cars; No. 4 yellow,
20 oars; No. 5 yellow, 27 cars; No. 6 yel
low, 17 ears; sample yellow, 1 car; No.
3 mixed, 1 car; No. 4 mixed, 7 cars; No.
5 mixed, 3 cars; total, 107 cars.
■ Oats—No. 1 white, 1 car; No. 2 white,
2 cars; N> 3 white, 8 cars; No. 4 white!
3 cars; total. 14 cars.
Hay—No. 3 timothy, 1 car.
HAY MARKET.
The following are the Indianapolis
prices for hay by the wagon load, de
livered ;
Hay-Loose timothy, $16.00<g17; mixed
hay, $15@16; baled hay. sl7@lß.
Oats —New. per bushel, 33S}38c.
Corn—New, per bushel, 45@50c.
Corn—Old, per bushel, 45@50e.
WAGON WHEAT PRICES.
Indianapolii flour mills and elevators
today were paying $1.20 per bushel for
No. 1 red winter wheat: sl.lß 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.
TOLEDO SEED PRICES.
TOLEDO, Fe|*. 10.—Cloverseed— Cash,
$14.75; Februaif, $14.75; March, $14.85
bid ;i April, *l4. $ October, sl2 bid. Alsike
—Cash, $12.25; fVbruaty, *12.25: March,
$12.35 bid. TiAothy—('ash, $3.25; Feb- j
ruary *3.25; Mjjrch, *3.30; IfDJT *M*.
Locai Stock Exciiange
—Feb. 11-
STOCKS.
- Bid. Ask.
j Ind. Ky. & Light com 60
| ind. Ry. & Light pfd 73
ind. St. lty 40% 45%
T. H. T. A L„ pfd 65%
indpls. A N. W. pfd 60
• ndpls. A S. E. pfd / 60
T. 11. T. A E. com 6
T. 11. 1. A E. pfd 13
j U. T. ot-Ind. com 1
; U. T. of lud. Ist. pfd 7
U. T. of Ind. 2d pfd 2
Advance Itumley com
Advance-Kumiey pfd
Am. Creosoling pfd 93 ....
Am. Cen cal Life 185
Belt R. K. com 66
Belt K. K. pfd 48%
Central Bldg. Cos. pfd 93
i Citizens Gas Cos. 23 ....
I City Service com 10.' 173
1 011 y Service pfd 50% 56
I Dodge Mfg. Cos. pfd
Home,Brewing .. 41% ....
! Ind. Hotel com 75 ....
1 Ind. Hotel pfd. 97 ....
i Indpls. Nat. Ins. Cos 2 ....
! Ind. Title Guarantee Cos 45 ....
| Indiana Pipe Lines
fndpls. Abattoir pfd 43 ....
Indpls. Gas 45% ....
Indpls. Tel. com 2
Indpls. Tel. pfd 99
Mi r. Pub. UO. pfd 48L. 53%
Nat. .Motor Cur Cos 4
Pub. Sav. Ins. Cos 4% ....
Kaun Fer. pfd 47 ....
stand. Oil of Indiana
Sterling Fire Ins. Cos 6% ....
Van Camp Hdw. pfd. ....... 90 ....
Van Camp Prod__J*t. pfd 100
Van Camp Prod. 2d pfd. ... , 100
YandaMa Coal Go. coni 4% 6
Vandalla Caul Cos. pfd 5 10
Wabash Ry. pfd
Wabash Ry. com
BONDS.
Broad Ripp'e 5s 60
1 Citizens St. Ry. 5* 73 77
Indian Crk. Coal A Mine 100
Ind. Coke I Gis 6s 86
Indpls. C. A S. 5* 91
indplh. A North 53 36% 41
liiupls. A Martinsville 5s 7 59
J nil pis. A N. W. 5s 47
Indpla. A S. E 5s 45
Indpls., Shelby A S. E. 5s - 75
Indpls. St. Ry. 4s 59 64
T. H. I. A E 5s 50
U. T. of Ind. 6s 43%
Cltlzebs Gas Cos. 5s 86 ....
Indpls. Gag Cos 85 ....
Kokomo, M. &W. 3s 83% 88
Ind. Hotel Cos. 2d 5s 63 ....
Indpls. L. & H. 5a 86 91
Indpla. Water Cos. 4%s 80 65
Indpls. Water 5a 93 98
Mer. H. A L. 5s 96% 99%
New Tel. Long Diet. 5s .... 94 ....
New Tel. Ist 6s 95
Indpls. T. A T. 5s 76
Bou. ,Jn'l. Power 6s : 88%
In the Cotton Market
s
NEW YORK, Feb. 11—The cotton mar
ket opened 7 to 10 points higher today
on buying for Liverpool account anil
moderate local support.
The market eased off after the start
under pre-holldiiy profit taking s.i^w
New \ ork opening cot: *ll lErce* —
March, 17.20 ; May, 16.94 c; July, 16.50 c;
Oeiober, l.’.9*c; December, 15.80 at .81c;
January, 15.6 Ce.
LIVERPOOL, Feb. 11.—Spot cotton
opened rsther quiet Thursday. Prices
were easier and sales around 5,W0 bales
American middlings lair, lu.ozd; good
middlings. 10.22d; full middlings. 8.82d:
low, *.o7d; good ordinary, 7.32d; ordi
nary, 6.57d.
Futures were steady during initial
dealings.
Weather
•
The following table shows the state of
the weather at 7 a. in.. Feb. 11. as ob
served by United States Weather Bu
reaus :
Station. Bar. Temp. Weather
Indlamipnlls, Ind. 29.93 38 FtCldy
Atlauta. Ga 30.00 7*B Cloudy
Amarillo, Texas.... 29.50 48 Cloudy
Bismarck, X. D.... 30.32 —8 Cloudy
Boston, Mass 30.02 30 Cloudy
Chicago. 11l 29 96 28 Cloudy
Cincinnati, 0hi0... 29.90 46 Cloudy
Cleveland, 0hi0... 29.80 40 Cloudy
Denver. Colo 29 58 42 Clear
Dodge City, Kan... 29.96 18 Cloudy
Helena. Mont 29 96 —lO Cloudy
Jacksonville, Fla.. 39.16 56 Cloudy
Kansas City, Mo.. 30.(r2 20 Cloudy
Louisville, Ky 2fc.90 52 (Touly
Little Rock, Ark... 29.82 80 Cloudy
Los Angeles, Cal... 30.12 52 Rain
Mobile. Ala 30 06 Di Cloudy-
New Orleans, La... $0.06 6v Clear
New York. N. V... 29.94 40 Cloudy
Norfolk, Va 20.*8 58 Cloudy
Oklahoma City 29 92 34 PtCldy ,
Omaha, Neb 30.14 8 Clear
Philadelphia, I’a... 29.88 40 Rain
Pittsburgh, Pa 29.76 50 Cloudy
Portland. Ore 29.66 34 Cloudy
Rapid City, S D... 30.04 —2 Cloudy
Roseburg, Ore. ... 29.70 34 Clear
San Antonio, Texas 29.94 56 Clear
San Frauielsco, Cal 30.00 46 Clear
St Louis. Mo 29.98 30 PtCldy
St. Paul, Minn 30 20 —6 1 PtCldy
Tampa, Fla 30.1S 58 PtCldy
Washington, I). C. 29.56 36 Cloudy
WEATHER CONDITIONS.
The depreenion center over the north
ern Red River Valley Friday morning
hue moved rapidly- eastward to the mid
dle hike* region, attended by higher
temperature* in its front, which have
non overspread the Eastern States; while
the Northwestern held of high pressure
has advanced southeastward, attended by
decidedly eoldrr weather, and covers the
region between the Missouri River and
the Great Lakes. Zero temperatures in
connection are reported southward over
Minnesota, the Dakotas and Montana.
The Pacific disturbance is moling In
land, and has caused considerable pre
cipitation tn tile Far West and North
west. Some rains also have fallen in the
middle parts of the ronntry east of the
Mississippi. .L H. ARMINGTON,
Meteorologist, Weather Bureau.
PITY .SENDS lIF . TO JAIL.
PARIS, Feb. 11.—MIe. Ceciie Hctirot
pitied the 3-yenr-old baby of lime. Adele
Humbert, so she took the child to her
home and cared for him tenderly. She
was arrested for kidnaping and sent to
prison for nine months.
WINS $90,00> ON $5.
NEWMARKET, England. Feb. 11.—
Lewis rendleton, a broker’s clerk, started
out to bet on the races with a sum
amounting to about $5 In American
money. In two days he won every bet,
w-inding up by picking a 66-to-l shot.
His total winnings xvere about $90,000.
RECEIVER’S
-SALE
-99 YEAR LEASE
The undersigned Receiver, by
order of the Marlon County
Superior Court, R am 3, offers
to the highest and best bidder
for cash or Its equivalent a 99-
year lease on property known
as 128 to 134 (inclusive) West
Washington Street being 58%
feet froutnge on Washington
street by 195 feet deep. Lease
dated October 31, 1916.
Rental per year—7 years, $9,100
—lO years, SIO,OOO —lO years,
$ll.OO0 —72 years, $12,000.
Sealed bids will be received at
the office of the City Trust „
Company' 10 a. m., February 27,
1922, corner Market and Dela
ware streets. Bids must be ac
companied by certified check
for SI,OOO.
DICK MILLER, Receiver
Washington Hall .
Realty Company A
MONEY SUPPLY
SO ABUNDANT
RATES ARE LOW
Volume of Business on Lon
don Stock Exchange Shows
Improvement
FEW RELAPSES OCCUR
LONDON, Feb. 11.—The stock ex
change had relapses in spots yesterday,
but ihe general tone continued to be
cheerful and a somewhat larger volume of
business v.as transacted than of the las',
few days. '
Britisn bonds were heavy among gilt
eugeil securities and several losses were
registered. Movements in foreign bonds
f *r the most part were neglible.
Announcement of further dividends
failed' to arouse much enthusiasm in the
home rail market and prices were un
changed. Dollar rails were steady and
foreign rails showed several good gains.
The Industrial Piarket was learared by
gains n the tooacco shares, due to re
cent profits.
!r->n, sice! and engineerings barely
held their own.
The oil share market strengthened ma
lei tally. Mexican Eagles xv.re 4, Shells
4% and Royal Dutch 34%.
African minings were marked up on
the belief that the strike was about over.
Americans slumped considerably in sev
eral instances.
A mass of loanable credit continued In
Lombard street and efforts to lend over
night balances as low as 1% per cent
met with no success. Day to day money
was 3 per cent and fixtures 3*-fc per cent.
Bar Sil- <*r was unchanged for both spot
and forward delivery at 340(1 and 33%i.
—Capyri, nt. 1J22, by Public Ledger Coui
pany.
EUROPE CARES
LITTLE ABOUT
OUR SENATE
Regards U. S. Upper House
as Bogey of Old World
Hopes.
LONDON, Feb. 11.—The poor old United
States Senate, battered and buffeted
about by the American public, stands out
in Europe as the sinister “bogey man’’ of
old world statesmen.
Fresh from the United States, where
the dignified Senate is not always re
garded with the greatest of reverence, one
finds himself confronted in Europe with
an entirely different view of this “great
est deliberative body In the world.”
In Europe the United States Senate is
looked upon as the barrier to many of the
hopes of the European statesmen.
Apparently Europe cannot forget the
League of Nations debacle, when the
statesmen of the Old World thought they
had succeeded in concocting a diplomatic
pill for the International malady of “too
much war,” only to find that an uncon
sulted member of the international asso
ciation of doctors threw the “pill out of
the window.
Europe doesn’t place much faith in
future aid from the United States, ac
cording to the general impression one
gets in political and diplomatic circles.
There is no lack of faith In American
leaders, but there is a decided disposition
to incline to the belief that the United
States Senate is prepared to block any
move initiated for European relief which
calls for American participation.
Europe and the European pres* pay at
tention to the United States Senate, and
the statements of Senators, speeches in
the Senate, which are passed by Ameri
can newspapers, as simply “more ora
tory.” get prominence In the European
press, and statesmen shake their heads
woefully over speeches that are regarded
In the United States as the sort of talk
which is expected from Senators and
forgiven.
Great Britain isn’t wildly enthusiastic
about the results of the armament con
ference In Washington. Part of this
may be charged up to the weli-advertised
restraint of the British, but la general
It is due to the fact that In Europe they
don’t figure anything accomplished In
the United States until the Senate ha*
consented.
Great Britain and the rest of Europe
want the United States playing on their
side, but they will never feel sure of the
posit.on of the .-imerlean Government in
the future, for they have dire fear* of
the Senate and credit It with being the
most perverse organization In parlia
mentary history.
There are Senators who storm and rage
beneath the great white, dome of the
Capitol and get not a ripple of attention
from the American public, yet they
would swell with pride if they tut knew
the attention Europe gives their ontory. 1
President Harding may feel that he
lias the Senate all lined np, but he will
have hard work convincing European
statesmen that the ninety-six men who
sit on either side of the “Cherokee Strip”
are not “international bogey men.”
UNFILLED STEEL ORDERS.
NEW YORK. Feb. 11.—Unfilled ton
nage of 'he United States Steel Corpo
ration shows a decrease of 26.736 tons, it
was announced by cfflcial* of the corpo
ration today. Unfilled tonnage on Jan.
31 was 4.2U.67S tons, against 4.268.414
tons on Dec. 31, 4.250.542 tons on Nev.
30 and 7,573,164 on Jan. 31. 1921.
WHOLESALE BEEF PRICES.
The following are today’s wholesale
selling prices for beef cuts as sold on
the Indianapolis markets of Swift A
Company: RRibs —No. 2,18 c; No. 3.14 c.
Loins—No. 2. 20c; No. 3,15 c. Rounds—
No.' 2,14 c; No. 3.12 c. Chucks—No. 2,
10c; No. 3,9 c. Plates —No. 2, Sc; No. $.
7c.
C—s' Inenimfnix
Stout Brothers
Realty Company
6 i 4 5% Tax Exempt
Rea! Estate Issue
(tCO a ahem
This issue of H 5,000 a m
cured by property in Vin
cennes, ind., owned in fee
simple, valued at $130,006.
Complete des'rrptivs circular
on request.
Wes— Par, Yielding 9^4%
Fletcher American
Company
M IW FWrSsr AoMrican M
FNDtANAPOLI?
QwtP Dstrofc LoeewAs Scxj&fenl
Pr** tn a*m*pW
TAXI CABS
Main 0805
INDIANA TAXI CO.
Receipt Printing IVieters?
13