Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, February 21, 1922, Home Edition, Image 10

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Indiana daily times. [volume], February 21, 1922, Home Edition, Page 10, Image 10
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Indiana daily times. [volume] (Indianapolis [Ind.]), 21 Feb. 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn85047611/1922-02-21/ed-1/seq-10/>

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10
COMMODITIES
HIGHER; WHEAT,
COTTON CLIMB
Trading on Stock Exchange
Active, Some Shares
Buoyant.
WEAK IN LIST
BY MONITOR.
Special to Indiana Daily Times
and Philadelphia Public Ledger.
NEW YORK, Feb. 21.— Trading In
stocks yesterday was characterized by
a fair increase in activity, with the
volume estimated at more than 800,<XXJ
shares, while the general undertone in
dicated firmness and resistance to pres
sure. There were features of marked
strength which amounted In some cases
to actual buoyancy, and while the list
was not without its weak spots they
were the exception, and were due to
special Influences.
News was conflicting. Sterling was
strong, with another new high level.
Commodities were higher, with a sharp
advance in wheat and a further display
of strength in cotton. The call money
rate, however, rose to 6 per cent after
renewing at 4; advocates of the soldiers’
‘bonus’ were reported to be as persistent
as ever In their effort to find some
method by which they could carry out
their plans; and the news contained the
threat of a conY strike possibility.
The technical position of the market,
however, continues to baffle the pro
fessional element by its display of
strength. It seems easier to bring about
advances than to force declines. With
the exception of Seneca Copper, which
was heavily sold on the announcement of
another large stock authorization, and
National Enameling, which broke on pre
dictions of unfavorable dividend action,
there were no features of exceptional
weakness.
Sentiment was much more strongly
impressed by the new high level for
United States Steel and the advances in
United Fruit, General Electric, Westing
house, American International and Stude
baker. Kelly Springfield reflected the
general market tendency when it refused
to decline In response to a poor statement
of earnings.
The low-priced rails appear to be at
tracting a public following. The real
leaders were St. I.ouls & Southwest
ern, Frisco and Missouri Pacific pre
ferred, although there was confident buy
ing of Rock Island and other medium
and low-priced issues.—Copyright, 1922,
by Tublic Ledger Compauy.
WALL STREET GOSSIP. BY MONITOR.
So long ago as 1917 accumulation of
Rock Island occurred. This accumula
tion took place between Id and 20. Since
then, the stock has been as high as 41,
a quotation reached In March and Octo
ber, 1920. Various si ages of accumula
tion, according to one who is familiar
with the operations of this particular
group, occurred between 22 and 28 and
finally between 28 and 33. During all
this time it has been possible to say
truthfully that accumulation for puwer
iul speculative interests was In
progress. Not until general business,
and marke" conditions were rigiit did
this group deem it best to show its hand.
In the opinion of shrewd judges of the
market and of business conditions tins
year are propitious for an advance in
the prices the railroad stocks. Ex
periments have been made by several
groups to test the possibility of ob
■ lining a public following in their favor.
This process still is in progress. Upon
the success of these presen' efforts will
depend the market for railroad stocks
during this year, according to some of
those most Interested. It may be said
'hat ’lie results thus far obtained hnv*
exceeded the fondest hopes of some of
tbe-e groups.
The American Tobacco stock' both A
at.d B. were exceptionally strong, with
-ales of the former above 139 and of the
I.' ter above lad. Accompanying the ad
vji. •• were reports that tue annual state
ment presently to be made public may
show earnings of approximately $lB per
soar? on the nearly .•'90j.0d.000 < n both
' lasses of common stock outstanding.
National Enameling and Stamping was
tie; weak point in the day's market. The
stock closed Saturday at 41 and be
fore 2 o’clock yesterday afternoon sales
were recorded at 33%. The directors
met today to act on the dividend, and
the impression prevails that the pay
ment will b" passed. There was some
talk of a difference of opinion in the
diretcorate which mi.icli result, in a small
payment being authorized, but this was
not taken seriously in usually well in
formed quarters. It is gossip that the
annual statement will show a deficit of
nearly $3,000,000 as compared with net
earnings of $1,720,000 in 1920.
Professionals who continue to sell
United Fruit short again paid the price
for th'-.r temerity when the quotation
was advanced to 145, anew high record.
The professional element has been bear
ish on this stock ever since the capitali
zation was doubled a year ago.
There seems to be an element of mys
tery, according to gossip in the Street
as to Hie dividend action of Jones Broth
ers Tea. An official statement said that
the directors, at their meeting last Fri
day, did not take any action on the pre
ferred dividend, but that action will be
taken at a meeting scheduled to be held
April 1.
The sugar stocks were aggressively
strong during the early hours of the ses
sion, buying being partly for the ac
count of shorts and partly for longs.
The raw sugar market is quarterly firm
er with substantial sales being made at
2%c cost and freight.
Before the opening, dispatches from
Mexico City announced the settlement of
the differences between the American oil
interests and the Obregon government
oh the payment of the taxes ordered
under the decree effective June 1, last.
According to these dispatches, the settle
ment was effective on the basis of the
payment by the oil companies of 49 per
cent of the taxes imposed at that time.
Mexican Petroleum, Pan-American Pe
troleum, Royal Dutch and Shell were
favorably affected by the news, and were
aggressively bought. Profit taking in the
late afternoon resulted In some reac
tion.
The copper stocks were Inclined to
heaviness on reports of further shading
in the price for the metal. It is under
stood that substantial quantities are offer
ed for first quarter delivery at 12!se and
that even this quotation might not stand
for a particularly desirable piece of
business. Firms which a year ago were
favorable to these stocks now suggest
that caution should be observed in mak
ing new comitments.
Call money opened and renewed at 4
per cent, but almost immediately a con
siderable demand developed, a demand
which increased as the day progressed.
Within a half hour the rate had ad
vanced to 4% per cent, an honr later It
was 5 per cent and before 2 o’clock 6 per
cent was the best price at which accom
modation could be obtained. Bankers
said that the higher rates were due to
withdrawals by out-of-town banks to
meet Government requirements this week.
They look for a continued relatively high
money rate during the balance of the
week.
United States Steel sold fractionally
above 02, anew high for the present
movement. The buying again largely
was by the professional element, but
there is a suspicion in some quarters
that profesionals are executing orders for
more important interests. The open
selling all way was of a better quality
than the buying, but in view of the re
cent action of the stock commission
houses do not attach great importance
to the open transactions of the on the
floor.
Strength in Westinghouse Electric and
General Electric has been attributed gen
erally to announcement of plans for
electrification work by the Illinois Cen
tral and reports of other similar projects
under consideration. In some important
quarters it was suggested that the buy
ing of Westinghouse might suggest the
possibility of a merger. Davison Chemi
cal was strong, the buying being attrib
uted to interests identified with thej
Markets Closed
All boards of trade and Rtock ex
changes will be closed tomorrow In
observance of Washington’s birthday,
beading live stock exchanges, includ
ing the local live stock market, will
bo in operation.
company. There is reason to believe that
next week when the annual report is
made public that It will include a list of
the contracts already closed for the use
of the silica-ged process. There has
been a good deal of skepticism in the
financial community as to the placing of
these contracts and such a statement, is
awaited with Interest. It is suggested in
important quarters that developments of
a favorable nature will be made known
within the next two weeks.
One of the stocks in which there ap
pears to be consistent constant liquida
tion is Atlantic Gulf and West Indies.
The selling of this stock between 32 and
35 was of the most substantial character,
and it is said that the same interests
still are selling.
A group operating In Stndebaker an
nounced before the opening that the price
o fthat stock would be advanced, and 99
was given as the figure at which it would
sell during the day. It was taken up
with great, acclaim in the last half hour,
and sold at 96%, closing there. Firms
which have been exceptionally correct on
the other stocks xvere sellers on the
advance. —Copyright, 1922, by Public
Ledger Company.
N. Y. Stock Exchange
(By Thomson & McKinnon)
—Feb. 21.
Prev.
Iligh. Low. Close. Close.
Advance-Ritmley com. .14 14 1
Ad.-Rum. com. . 14 14 14 14
Ajax Rub 15% 15’4 15% 15%
Allied Chem. .. 58% 58% 5,8% 58%
Allis-Chalmers 44% 44% 41% 44%
Am. Beet Sugar 36 36 30 36
Am. Bosch Mag. 38% 38 38 37%
Am. Can 40", 40% 40%. 39%
Am. Car & Fdy.150% 149% 150% 118
Am. Ice 101 r,. 991., 101% 99%
Am. lid. & Lt. p. 68%. 67% 67% 67
Am. lid, Ltr. pfd 68% 67% 67% 07
Am. Int. Corp. 45Vi 41% 45 44%
Am. Loco llli, no% 110% 109%
Am. St. Fdy. .. 32% 31% 32% 31%
Am. Suit. At Ref. 40% 45% 46 46
Am. Sugar Ref. 07% 66% 07% 07%
Am. Su. Tub. Cos. 26'.. 25% 20% 25%
Ant. Tel & Tel 119% 119% 119% 119'..
Am. Tob 11l 138% 140% 139%
Am. W001en.... St! 83% 85% 83%
Anaconda 48% 47% 48% 47%
Atchison 97% 97 97% 97%
Atl. Coast Line. 89% SS% 88%
Atl. Gif. W. I. 27V, 24% :*'% 26%
Baldwin Loco.. .107', 106 107 105%
B. & 0 36% 36% 30% 36%
Beth. Steel (B). 64% 64% 04% 03%
Brk. Rap. Tran. 10% 10% It". 10%
California Pete. 49% 48% 48% 18%
Can. Pac. 1t.v.,.134% 131 133% 130%
Central Leather 33% 32% 33% 32%.
• ’handler Motor. 64% 63% *'>4% tit
C. A- 0 60Vi 58% 55% .>.%
CM& St P com. 21 20% 21 20%
CM&Stl’pfd.. 33% 34% 35% 34%
Chi. A- Nw 68% 68 68% 67%
a, K. 1. A 1‘... 40% 38% 38Vi
CRI&I’ 6pc I>f 7s'.. 75% 7V . 77' •
CR I A P)7 pc pf 90% 90 90 % 89%
Chili Copper.... 10 10% 16% 10%
Ciuett Al’ 55% 55 55 % 54%
Chino Copper 25% 25% 25% 25%
Columbia Gas... 70,% 75% 75 7.5%
Coca Cola 45% 4 4 44% 4-5
Consol. t!as 93% 92% 92% 93
Com in. Can 50% 55% 56%
Corn Products...los 103 1"4% lie;
Crucible Steel... 01% 59% 01 00%
Cub. Am. Sugar 29% 19% 19% 2<>%
Cult. Cane Sag.. 1"% lit l<t 10%
Del. A Hud.-0n.113 111'. 113 111%
It'd. A Lackn. ..112%. 112% 112% 112
Dome Mim s 2t% 24% 24 . 24
Erie 11 !•>% 10% I<‘ :
Erie Ist pfd 18% 18 18% 17%
Ktidieot: A.T ... si st.% sic-
Famous 5 law-* vj: „ M% M % st
Disk Rubber Cos. 12 . 12% 12% 13
Gen. Asphalt .. 03% 62 62% 02
Gen. Cigars 65% 68 68%
Gen. Electric ..155 153 154%. 153
Gen. Motors 9 s% 8%
Goodrich r.s® 37% 37% :%
Gt. North, pfd.. 70 75% 7'• 7 %
Gt. North. Ore. 35% 3.5% 3.' ,
Gulf S. Steel... 74% 73 73 74%
Hupp 15 14% 15 15
Houston 0i1.... 75% 7.5% 75% 76
Illinois Central 9 V % 9- 3- , 95%
Indinhoma 3% 3% 3% 4
Inspiration Cop. 38% 38 38 , .. .
Inter. Harvester IN* ss 90 K 7%
Inter. Nickel... 12% 12 12 12
Inter. Paper.... 50Vi 48 49% I s %
Invincible Oil 15 13%% 15 14%
Kan. C. South... 25',-.. 24% 25% 25%
Kelly-S. T,re .. 40 38% 39% 38%,
Kcnuecott Cop. 27% 27% 27% 27%
Lackn. Steel. .. 48% 47% 47% 48%
Lee T. A Rubber 28 28 28 28%
Lehigh Valley.. 01% 00% 01 00%
Loews. Inc 14 13 13% 14
L. A N 113%. 112% 113 Vi 113
Marine emit 15% 15% U % 1.3%
Marine pfd.... 72% 71% 72 72
May Stor-s 10S 107% It* 107
Martin Parrv... 28 27% 27%. 27%.
.V,-x. Petroleum.l23% 11>% 121% 122%
Miami Cooper.. 20% 20% 20% 20%
Mill. Sis. Oil 13 , 13 13 13
Midvale Steel... 31% 30 31% 30
Mo.-Pae. Ky 2't 19% 19% 19%
Mo.-Pac Uv pt'd 51% 49% 51% 49%
Mont. A- Ward.. 14% 13% 11% 14
National Lead... .89% 89% 89% B!*%
N. Y. .Central... 77% 77 77% 77%
New Haven ... 17% 17% 17% 17%
Norf. A West. ..100% 100 100% 100%
North. Pa 80% 79% 80 79%
Ok. Pr. A Us. Cos. 2% 2% 2% 2%
Owen BoC. com. 29% 28V- 29% 27%
Pacific Oil 47% 40% 47% 46%
Pan - Am. Pet. . 55% 53 54' • 55%
I’enna Kv 34% 34% 31% 34V4
People's Gas 76 75 75% 76
Pert; Marquette. 24'% 23% 24% 23%
Pierce-Arrow .. 16 15% 16 15
Pierce Oil C 0... 7% 7% 7% 7%
Pull. Pal. Car.. 117% 116 117'. 116%
Pure Oil 3,4% 31 34% 33%
Ky. Stel Sp 98% 08 98%
Reading 75% 74% 35 74%
Rep. 1. and Steel 53% 52% 53% 53
Replogle Steel.. 32% 31 31% 50%
Roy. D. of N. Y. 52 51% 51 51%
Sears-Roebuck.. 68% 64% 67% 64%
I Sinclair 19% 19 19 19%
Sis Shelf S. A I. 41 1 40% 41 40
South. Pacific... 85% 84% 85% 84%
South, ily 20% 19% 20% 19%
St. 1,. A S.W.Ry. 27% 26% 27% 26%
St. Oil of Cal... 96% 96 96% 20%
St. Oil of N. .T. .117%, 176’4 177%.
St.L. A S.F.com. 20% 25% 20% 25
Stewart A Warn. 3% 53% 33% 33%
Strom. Carb.... 40'% 4040 4t%
Studehaker 99% 90% 9.8% OOV4
Tex. Gas A Sul. 45 44% 44% 44%
Tex. Coal A Oil 25% 25% 25% 25%
Texas Cos 45% 45V i 45% 45%
Tex. A Pacific.. 31 30 31 30%
Tob. Products... 63% 63% 63% 63%
Trans. Oil 9% 9% 9V4 9%
Union Oil 18% 17% 18 18%
Union Pacific...l32% 131% 132 131 Vi
United Fruit ..141% 142% 152% H 4
U.S. R. Stores.. 54 5.3% 53% 54
U S.C. Iron Pipe 26 25% 25% 25%
U.S Indus. Alco. 45% 45 45% 45%
I'. S. Rubber ... 55% 55% 55% 55%
U. S. Steel 94% 92 94% 91%
U. S. Steel pfd..ll6', 116 lit;', 116%
Utah Copper... 62V, 61% 62% 61%
Van. Steel 36% 35 36% 34%
Wabash 7Vi 7% 7% 7%
Wabash Ist pfd. 22% 22% 22% 22
Worth. Pump.. 47 47 47 46%
West. Pacific... 10% 16%. 16% 10%
West. Union.... 92% 92% 92 % 92
West. Airbrake..HO 100 109 98
West. Electric.. 56% 55% 56% 55%
White Motors... 38% 38% 38% 38%
W-Overlaud .... 4% 4% 4% 4%
White Oil 9% 9% 9% 9%
Wiseon. Central. 2SV, 28 28% 27
Woolworth 151% 150 150% 149
Wilson 38% 38 38% 38%
NET YORK LIBERTY BONDS.
Feb. 21-
High. Low. Close. Close.
L. P,. 3%s 97.06 96.86 96.96 97.00
L. B. Ist 4s 96.80
L. B. 2nd 4s 96.64 96.54
L. It. Ist 4Vis. .. 97.00 90.84 96.90 97.0 >
L. 15. 2nd 4i,45. .. 96.70 90.54 90.64 96.74
L. B. 3rd 4 is. .. 97.42 97.30 97.30 97.44
L. IS. 4th 4ViS ... 97.10 90.90 96.90 97.16
Y'ictorv 3%5. ■ 100.00 100.00
Victory 4%5. ...103.30 100.26 100.2S 100.28
NEW YORK WOOL.
NEW YORK, Feb. 21.—W00l prices
were firm- in trade on the market here
today. Domestic fleece. XX Ohio, was
quoted at 27(0?47e per pound; domestic
pulled, scoured basis, at lS®o7c and
Texas domestic, scoured basis, at 40@77c.
NEW YORK TURVEXTINE.
NEW YORK, Feb. i1 Hides were
rather dull in trade on Xho market here
today, native steer hides'; being quoted
at 1514 c per pound and (branded steer
hides at 14%®15c.
STOCKS HAVE
STRONG CLOSE
Many Issues Touch New High
Marks in Closing Hour.
NEW YORK, Feb. 21.—The stock
closed strong today.
There was no let-up to the forward
movement as the session neared the close
and many Issues finished at their highest
of the day.
In many cases these also represented
the highest levels touched for the year.
Steel common made the main feature,
with sales as high as 91%, closing at 94%,
a net gain of 3 points.
Studehaker sold up to anew high for
the year 98%, showing a gain of over 2
points.
Rock Island was in good demand,
selling up to above 40 and Canadian l’a
eifiic and other rails held most of their
early strength.
Tobacco shares were in active demand.
Government bonds were unchanged
and railway and other bonds strong.
Total stiles of stocks for the day were
1,044,800 shares; bonds, $13,004,000.
(By Thomson A McKinnon.)
—Feb. 21—
Today’s stock market was the broad
est that we have had in some time.
There was not only a material increase
in the list of active issues, but the
trading in each was on a liberal scale
with an increasing participation by the
public and many new highs were again
established.
A favorable feature of the day’s trad
ing was the renewed activity in rails.
This department of the market has not
shared with the industrials to the same
extent In the recent rise.
The entire market today presented a
more uniform appearance, though there
are still a few groups that are lagging,
notably the copper shares, but the time
cannot be far distant when this group
will also come In for its share of at
tention.
The oils were u little backward to
day, due. no doubt, to another pessimis
tic story published with regard to oil
conditions in Mexico.
United States Steel has been a con
spicuous leader in the recent market,
and with the better reports on the in
dustry as published by the leading trade
journal, we may expect in the near
future.better things from the other steel
isues particularly as there is much rea
son to expect favorable results In the
near future from the negotiations pend
ing with a view of a consolidation of
some of the independent companies.
The money market presents no new
feature and regardless of the moderate
changes in rates from time to time the
supply is ample and leaders in the mar
ket meet with, no banking obstacle in
their operations, ami as business* condi
tions become more encouraging, it is
perfectly natural to expect a Idggor pub
lic following and a consequent further
rise iu values.
TWENTY STOCKS AVERAGE.
NEW YORK, Feb. 21.—Twenty indus
trial stocks averaged 54.55, up .57 j>er
cent. Twenty active rails averaged 77 61,
up ,2S per cent.
CLEARING HOUSE STATEMENT.
NEW YORK, Feb. 21— Exchanges.
$914,000,000; balances, $107,900,000: Fed
eral Reserve Batik credit balances, $7,1, -
900,000.
Money and Exchange
Indianapolis bank clearings Tuesday
were $2,891,000; bank debits, $5,191,000.
NEW YORK. Feb. 21—The foreign ex
change market opened steady today with
d< maud Sterling unchanged at $4,611%.
Francs yielded 1 centime to 9.15 c for
cables and to 9.14%c for checks. Lire
cables were 5.03 %c: checks. 5u2%e. Bel
gian 1 abh s were 8 70c; checks, ,5.09%0.
Marks rose % t ,f a pointj to .0045%e.
Guilder cables were 3$ 30e: chocks. 38.25 c.
Sw.*.!en kronen cables were 26.55 c; checks,
-6.50 c,
MOTOR SEC URITIES.
By Thomson A McKinnon )
—Feb. 21—
Closing
Bid. Ask
V r 2% 2%
’■ * If-! c. 1 5% 5%
U uni pid 64 66
Go; . >■!"' ,:s pfd SO .. .
;;■! ,1 com 14% 11%
Hu; ,1 -,M '.si
l: . Motor lar 18% 19
Elgin fol irs 2% 2 ,
' -rant Motors 90 list
Ford of Canada 290 296
National Motors 1% 2%
Federal Truck 15 16%
l’aige Motors 13 15
Republic Truck 5 5%
ACTIVE OIL STOCKS.
(By Thomson A McKinnon.)
—Feb. 21—
—Opening—
Bid. Ask.
Anglo Aini-rh-an 0:1 17% 17%
Atlantic Lobos e , 9
ltorne-.Scryniser 321 310
Buckeye 1-ipe Line 92 91
('lies, brou-’li Mig ns p.*t* jyr,
Continental Oil. Colorado 128 13:;
Cosden Oil and Gas 5 8
Crescent Pipe Line 33 35
Cumberland Pipe Line 135 145
Elk Basin Pete 5% ti
Eureka Pipe Line 01 91
Galena-Signal oil pfd 102 its!
Galena-Signal Oil com 50 52
Illinois Pipe Line 172 176
i Indiana Pipe Line 8.8 92
Merritt Oil {!% ,s.u;
Midwest oil o ;>'
Midwest Rfg 170 175
I .National Transit 28% 29%
New York Transit 155 hso
Northern Pipe Line 104 106
Ohio Oil 268 272
Oklahoma lb A K 5% e,
j I’enn.-Mex 20 22
| I’rairie Oil and Gas 530 540
Prairie Pipe Line 243 247
Sapnlpa Ilefg 2% 3
Solar Refining 370 390
Southern Pipe Line 91 95
South Penn. Oil 180 185
Southwest Penn. Pipe Lines.. 59 62
Standard Oil Cos. of Ind 86 80%
Standard Oil Cos. of Kan.... 559 560
Standarti OH Cos. of Ky 450 475
Standard Oil Cos. of Nob IQo 170
Standard Oil Cos. of N. Y 361 365
Standard Oil Cos. of Ohio 385 395
| Swan A Finch 30 35
: Vacuum Oil 334 342
j Washington Oil 30 34
NEW YORK CURB MARKET.
(By Thomson & McKinnon)
—Feb. 21.
—Close -
Bid. Ask.
Acme Packing 25 30
Curtis Aero, pfd 4% 5
Curl is Aero, jifd 22 *
Goldfield Con 4 5
Jumbo Extension 3 is
International Petroleum 14 14%
Nipisslng 5% t;
Standard oMtors 3% 4%
Salt Creek 13% 14
Tonopah Extension 1 5-10 1 %
Tonopali Mining 1%
United I’. S. new 1 13-16 1 15 10
U. S. Light and Heat is) 95
U. S. Light and Heat pfd. .. 95 1011-16
Wright - Martin 2 5
YTukon Gold Mine Cos 1% 1%
Jerome 35 45
New Cornelia 17% ig%
United Verde 2.8 29
Sequoyah 3 10
Omar Oil 70 75
Rep. Tire 15 25
Boston and Mont 44 45
Kirby Oil 20% 26%
CHICAGO STOCKS.
(By Thomson A McKinnon.)
—Feb. 21 .
Open High Low Close
Am. Shipbldg... 80
Armour Cos. jifd. 97% 97% 97% 97%
Armour Leather 12%
Case Plow 3
Chi. City Rys. . 6%
Chi. El. Rys. pfd 3%
Cudahy 05%
Deere A Cos. pfd. 64 65 64 65
Karl Motors ... 2%
Libby-McNeill . 5% 5% 5% 5%
Mont. Ward ... 14% 14% 14% 14ev
Pick A Cos 25 25 24% 24%
I’iggly Wiggly. 37% 38% 37% 38
Stewart-Wartter. 33% 34 33% 34
Swift A Cos. ...1071/8 108 107 10S
Swift Inti 23
Thompson J- U. 42%
Temtor Corn A. 3
Union Car. Carb 51% 51% oi% 51%
Wahl .' 66 60 05% 65%
Wrigley 103% 104% 103% 104
Yellow Taxi.... 69 60 07 % 07%
INDIANA DAILY TIMES, TUESDAY, FEBRUARY 21, 1922.
New York Bonds
(By Fletcher American Company.)
FOREIGN GOVERNMENT BONDS.
Bid. Ask.
Arg. (Unlisted) ss, Sextt. 1, '45 74% 76
Arg. 7s, Oct., '23 97% 98%
Belgian 6s, Jan. 1, ’25 100 10t%
Belgian 7%5, June 1, ’45 107% 107%
Belgian Bs, Feb. 1, ’4l 100% 106%
Berne Bs, Nov. 1, ’45 110% 110%
Brazil Bs, June 1, ’4l 103% 104
Chile Bs, Oct. 3, ’2O 100% 100%
Chile Bs, Feb. 1, ’4l 101% 101%
Chile Ss, Nov. 1. ’4O 101 101%
Christiania Bs, Oct. 1, ’45....108% 109%
Copenhagen o%s, July 1, '44.. 87% SS
Danish Mtm, Bs, Fell. 1 ,’40..107 107%
Denmark Bs, Oct. 13, '45 10S% 308%
♦Canadian 5%5, Dec. 1, ’22.. 90 97
♦Canadian 5%5, Nov. 1. '23.. 95% 96%
•Canadian 5%5. Nov. 1, ’24.... 95% 96%
•Canadian Os, Dec. 1, '25 94% 96
Canadian ss, Apr. 1, ’2O 97% 9S
Canadian 5%5, Dec. 1, ’27.... 97 98
Canadian 5%5, Aug. 1. '29.... 98% 99
Canadian Os. Apr. 1, '3l - 96% 96%
•Canadian os, Oct. 1, ’31.... 94% 96
Canadian o%s, Nov. 1, ’33.... 99 100
•Canadian 5%5, Nov. 1. ’34.. 96 97
Canadian ss, Mch. 1, ’37 96 % 97%
•Canadian 5%5, Dec. 1, '37...101 102
•French (Viet.) os, Opt., ’31.. 06% 07
•French 4s, Opt., ’43 52 53
French 7'%®. June. ’4l 98% 98%
French Bs, Sept, io, ’45 103% 103%
•Italian (War) os 57 38
Jap (Ist) 4%5, Feb, 13. ’25.. 89% 90
Jap (2nd) 4%5, July 10, ’25.. 88% 89
.Tap 4s, Jan. 1, ’31.. 74% 7o
Mexico Os, Jail., ’45 55% o 7
Norway Ss, Oet. 1, ’4O 109', no
Queensland 7s, Oet. 1. 'll 106% PJ7
ltio de Janeiro Ss, Oet., '46....100% 100%
Sao Paulo Ss, Jan. 1, ’3O 101% 10-
Swedish Os, June 15, ’39 07% 97%
Swiss 5%5, Aug. 1. '29 97% 97 Is
Swiss Ss. July 1, '4O 114% 115
U. K. sV>s, Nov. 1, ’22 105% 105%
U. K. 5%5, Aug. 1, '29 105% 100 A
11. K. 5%5, Feb. 1, '37 99 49 ■<
Uruguay Bs. Aug. 1, ’4O 101% 104%
Zurich Bs, Oct. 15, '45 14 ' -
Bergen 8s I' 1 ) % 1 1%’
Argentine 4s, A. A O j}”/- i*!
Dutch Indies o%s 94% 4%
Ontario os, ’43 !£!!.’
Seine 7s 90% 80%
•Internal loans.
CORPORATION BONDS.
Bid Ask
Allied Packers Os J} v
Alum. Cos. f Am. 7s, Nov., i-.i.101;s 1 ‘ i
Am. Cot. Oil os, Sept. 2, 24.. J-> •'jC'r
Am. Tel. Os, Oct.. ’22 lihi% lis>;n
Am. Tel. Cs, Feb., ’24......... 100N 100
Ainer. Tel. A Tel. 6s, 2.>.... 111 j l‘~
Am. Thread ID. Dec.. 100% J *>'*
Am. Tob. 7s. Nov., ’22 101% JJU-t
Am. Tob. 7s. Nov., '23 10*2 ■, 102%
Anaconda os. Jan., ’29 98% KV-s
Ana<*omia 7s, Jan., ’-*♦ v:*} !”
Allglo-Aiu. Oil 7%5. April. ’20.10.!-% 104 i
Armour 7s. July 15. ’3O 103,
Atchison Gen. 4s - J ~,!•/*
Atlantic Ref. o%s, March. J1.J04 104 t
Bell of Pa. 7s 107-1 I'JD's
Bell Tel. of Can. 7s. April. ’20.100% 101%
Beth. Steel 7s, July 15, ’23... 101% 101 Vs
Big Four s < % J‘%
Canadian Del>. 4s •• -i <■
(’m Nor GVjS ins' t
Can. Nor! 7s* 19% .:?
Can Pacific os, March 2, ’2i..100'- 10*_O
c. b. o. G-u. is • .
c. B. Q.—III. 3%S • j ,*•'%
• ' B ti. Neb. 4s 4.i : "j
!■: B. 0.-.lt, O%S I ||,; % 10t_,%
f. B. AQ. 5s ................ 90;'s 9.%
Cent. Arg. By os. l eb., -Ci "J j ■%
Chic. A X. w. O%S 101 ill
Chic. A N. W. 7s I'"' I' l ‘
Gil. Graph. 8s ts O)
Con. Gas 7s, Dec., 22 I<H% P 1 j
Copper Exp. 8., l'eli. 15, ’23.101% 1< 2%
Copper Exp. Ss. Feb. 1 -j. '21..102% l ’-.*
Ciijippr Kxt>. •''H. Ft'L. I”*, ’-•%
ruban Am. Ss U’t VH'_
Cudahv 7s, July 15, ’23 1"0% B'l
Diamond Ylatch 7%s JO, 107’j
Du Pout 7'as J"9 J: j-
Pederal Loan 3s '4l R>2% 10..%
Ucd. Sugar <'s, Nov,. "21. 98% 99 j
!-”sk Tire s< 1(| 1 1" ;;
: a lent, 7s B'l. li%
tJoodrich 7- April '2..
Goodyear Ist 8.”. 41 1% I%*.J
Goodyear Deli. hs. ill , !, 7%
Great Northern is J'o % J“; ;
Grand Trunk Os % J 1 ‘
Grand Trunk o'.-s J""% JO*,
lir.imi Trunk 7s ’"L* l IJS.'.i
Great Northern 5%s 96'j •'> ,
Gulf Oil 6s, July. "23. 10%% io” .
Gulf Oil 7s. l eb.. ’33 10'.% Hl'.’-,
Heinz 7s. I)- ■.. P'l JJMJk
II irking Val. 6s. March. '21... bs 1 , 99‘i
Huinl.le Oil 7--. March 13. ’23.100% I'll %
111. Cent. Kef. Is. ’55 81%
Inter MeL 4%s V> J*
Int R T Ss Sept , ’22 B,l'. . Sl%
R.l'r. A I.t. %s 103% lol'.
K. g. Terra. 6s. Nov. 15, , 2. r, ...1"'i 10Ji
Kelly-Springfield 8....- 1 02;
Kenn. Copper 7s. Feb.. 'Sd... .102 > ]"/ .'■
L A N. 7s. ' > , 1
I ! le Gas 7 Jan., 'll* 9.. 9.r ,
r. McNeil 7s. May. ’31.... 99 99%
M. x. l’et. .8s Ut . 01%
Min.. St. P. A S. 8. M.. o%s .101% 10. t
Morris 7%s ...102'- 10l
Nat. Leather Bs. Nov. 15, '25.. 9*'-i 9, •.
Nat. Cloak A Suit 98% '4S-,
N. Y. Central 7s, '3O J” >
\. Y. Tel. ltef. 6a, 'll 102% BC v
N. Y'. Edison 6%.5, ’4l 106 106'8i
Nor. I’ae. P. L. 4s 84 84%
No-. Par. G. L. 3s ,; 0% J u :. v
Nor. Pac. 6s 106% 106%
Northwestern Tel. 7s 108 108%
Packard ss 9'.% •[9;%
Pan. Am. Pet. 7s 96% 1
1 vnn. O’-iS I"j lii'i
Penn. 7% O',", 196%
Philippi: e 5'..5, 'll 101% 10> ..
Proctor A G. 7s. March. '22.... 99% 100%
Procter A G 7s. March. 23 . ..101% 101%
R. J. Reynolds 6s. Aug.. 22..1<i j 101
S-Uoebnck 7s, Oct. 15, '22..10t> 100 s
S Roebuck 7s, Oct. 1.5, "23 99 99%
Sinclair 7%x, Mav 15, "25.... 99100’s
Solvay A < io Bs, Oct., ’27....1<)1% lo'2’ j
Southern l(v. 6s. March, ’22.. 1)9% I"<‘%
SOU. Kv. 6%s '4'%. 91%
St. L.-Ban Fran. I’. 1.. Is 6*8% 00%
St. L.-San Fran. AdJ. 0a 76 c>B
St. Paul U D .5%5, Dec. 15, ’23. 99% KH)'/ S
Seaboard Con. 0s 49% 50
Stand. O. (Cal.), 7s. Jan. '3l .105% 100%
Stand/).) N.YATs. Jan.. ’25-’31.104 lost ,
Stand.O.t N.Y'.)C%s, May, '33.106% 106%
Steele A Tube 7s 98% 98",
s. W. Bell Tel. 7s. April, ’25.101% 101%
Swift 7s. Get. 15, ‘25 101% 16!
Swift 7s, Altg. 15. '3l 102% 103%
Texas Cos. 7s. March 1. ’23....101% 101%
Tidewater Oil o%s 101 % 102
Onion Tank Car 7s 103 103%
U. S. Rubber 7%s 104 101%
Utah Sec. 6s, Sept. 15, *22.... 98% 94%
Vacuum Oil 7s 107% 107%
Va. Car Chem 7%s 91 91%
Western Electric 7s, April, ’25.100% 106%
Western Union 6%s 107% 108
Westlnglionge 7s, May. ’3l 10.5", 10(5%,
Wilson 7%s 90% 90%
Wincheister 7%s 90% 97%
NEW YORK SUGARS.
NEW YORK. Fob. 21.--Raw sugars
were steady in trade on the exchange here
today, Culms being quoted at 3.86 c per
pound, duty paid, while Porto Ricos sold
at 3."0e per pound, duty free, delivered, i
Refined sugars were active and steady to !
strong, line granulated being quoted at |
•5.10 c per pound and No. 1 soft at 5® |
5.10 c.
NEW YORK COFFEE.
NEW YORK, Feb. 21.—Coffee was In i
fair demand in trade on the exchange
here today and prices were steady ■
generally, opening options being uii- j
changed to 9 poinls higher. Rio No. 7j
on spot was quoted at 9c per pound.
NEW YORK RICE.
NEW YORK, Feb. 21.—Rice values j
were steady in trade on the exchange
today, domestic again selling at 3l4®7Vic
per lb.
NEW YORK PETROLEUM.
NEW YORK, Feb. 21.—Petroleum
prices were steady in trade on the mar
ket liner today, Pennsylvania crude sell
ing at $3.25 per barrel.
NEW YORK METAL MARKET
NEW YORK, Feb. 21—Copper—Weak :
all positions offered 12%e. Lead—Dull;
all positions offered 4%c. Spelter—Dull;
all positions offered 4%c.
NEW YORK TURPENTINE.
NEW YORK, Feb. 21.—Turpentine
sold at 90e per gallon in trade on the
market here today. ,
CHICAGO PRODUCE.
CHICAGO, Feb. 21.—Butter Receipts, ,-
722 tubs; creamery extras, 36c; firsts,
31<g35c; packing stock, 15@t7c. Eggs—
Receipts, 13,638 cases; current receipts,
25Vie; ordinary firsts, 23© 21c; firsts, 20c;
checks, 22@23c; dirties 23@:2te. Cheese
—Twins, new, 21@21%c; Daisies, 22®
2214 c; Young Americas. 25 %6( 25 '54 e;
Longhorns. 23c; Bricks, 1765r17%c. Live
Poultry—Turkeys, 35c; chickens, 25c;
springs, 2tic; roosters 18c; geese, 18c;
ducks, 2Se. Potatoes—Receipts, 64 ears;
Wisconsin Round Whites, $1. 70'S!! .81) per
150-lb, bag; Minnesota s, $1.65@1.80;
Idaho Russets, $2.25.
SWINE STRONG TO
10 CENTS HIGHER
Lambs Are Sharply Higher—
Cattle About Steady.
RANGE OF HOG PRICES.
Good Good Good
Feb. Mixed. Heavy. Light.
13. $3.90@10.25 $9.50@ .S5 $10.25^10.50
14. 10.00©10.25 9.50© 9.85 10.25©10.50
15. 9.85@10.15 9.50© 9.65 10.45©10.40
16. 10.15 ©1 0.40 9.75© 10.10 10.40©10.65
17. 10.25@10.50 9.85010.15 10.40©10.65
18. 10.25010.50 10.00© 10.25 10.65010.85
20. 10.75@11.00 10.40010.75 1O.9O0U.&O
21. 10.85011.00 10.60@10.85 11.00@11.10
Swine prices were strong to 10 cents
higher in trade on the local live stock
exch inge today, with receipts around
4,000 and the demand by both shippers
and packers brisK.
Light swine were steady to strong
generally, but there was a top of sll.lO,
which was 10 cents higher than the
top of the previous day. Other grades
of swine were around 10 cents higher.
Packers and shippers with eastern
house connections both took their usual
quotas.
Trade in cattle wn/s still dull and
draggy, but prices generally were about
steady. Heavy steers, however, were
a shade lower in instances.
Ttiere was a better demand for bulls
than has been seen for the past few days
i and prices were strong.
; Receipts of cattle for tile day ran dose
i lo 1,000, with but few stale stuff held in
: the pens from the market of the prevoius
day.
Calves were strong to 50 cents higher,
with receipts approximately -SSO, the
quality fair to good and the demand by
shippers good.
1 There was a practical tap of sl4, while
tlie hulk of the choice veals Lrought
$13.50@14.
With receipts extremely light, sheep
were steady and lambs $1 higher. Choie;
i native lambs brought $156(15.50 generally,
while ttiere was a top of sl6.
HOGS.
160 to 180 lbs average $11.00@11.10
()\er 300 lbs 10.25^10.60
150 to 500 llis ltj.tMKd U.lO
Sows B.2sCa> 9.25
Best pigs, tinder 140 lbs 10.006(11.60
Bulk of sales 10.75fa' 11.00
Top 11.10
—Cattle—
Prime corn-fed steers, 1,200
to 1,800 Hu 7.00()i 8.25
Good to choice steers, 1,200
to 1.300 11,s 0.2554 7.00
Good to choice steers, 1,100
to 1,200 ilis G-OOCtC 6.25
Good to choice steers, 1,000
to 1.100 lbs 5 25(ii 6.00
Common to medium steers,
800 to 1.000 lbs 5.5044 3.75
—Cows and Heifers—
Good tj choice heifers 6.50® 7.75
Med tin heifers 5.259 c 6.25
Com non to medium heifers.. 4.50® 5.50
Goot, to choice cows 3.50® 5.73
Fair to medium cows 2.259( 3.50
Cutters 2.50Cj; 4.-5
Cauners 2.75® 2.50
—Bulls—
Good to choice butcher bulls 4.23® 5.00
Bologna bulls 4.259 c 3.75
I.ight bolongua bulls 2.759 c 3.00
Light to common bulls 2.25® 2.75
—Calt c
Choice veals 14,.50® 14.06
Good v als 13.00',c 13.50
Medium veals 10.069; 12.00
Lightweight veals 8.0011 9.00
Common to heavyweight veals (loo® 7.50
—StoekerV ami Feeders—
Good to choice steers un
der 800 Itis 4.75® 5.50
Medium cows 2.50® 4.00
Good cows 3.75® 4.50
I betters 5.00'/ 0.50
Medium to good heifers 4.009 c 4.75
Milkers 37.00®75.00
—Blieep ami I.auibs—
Ewes 2.00® 74)0
Bucks 2.50® 3.50
Good to choice lambs 12.50(y,1d.0<)
Feeouds 7.00® 8.50
ltuek lambs 7.00® 7.CiO
Culls 3.00® 6.U0
Other Livestock
1 CHICAGO, Feb. 21.- lings Receipts,
2s. (mi; market slow and mostly ssjl(V
Aligner; bclr. pf sale-, sl‘>.lo6j.l<u>q; top,
' •'10.65; heuviu., $16.!56? 10.35; mediums,
, too 25 (c 1‘>.55 : lights. sio.4s®KV>s; light
j lig.its, $lO !5(1.10.60; heavy packing SOU -.
: smooth, .$11(1,0.00; packing sow s, rough,
: Uk7r,r.ni.Hi; pigs, io'o.io.io. Caul. .: •
eeipts, 11,'Sio; market mi tiy steady.
Reef ste.-rs -Choice and prime. $9,150
‘.i.y.5 ; tiled.. im and good, $7,406(9.!5; good
and choir •, $5.23®9.50; eomou and we
; dium. $6.35'q 5,25. Butcher cattle Heif
ers, $1.25(j7.75; cows, $3.90©6.25; bulls,
s3.i (6.23. Causer* and cutter*- Cow*
(nd Indfers, $2.6064.3 IK); ran tier steers,
$3..50(0; 1 .50 ; veal calves, light and liandy
v. right. $7 2.5 vH ; feeder steers, $5.35®
7 55; stoeker cow* anl heifers, s3.7s<f>
•s.•'■<). Sheep arid lambs -Receipts, 19,000;
market steady to strong; good to choice
iambs, $ 1 a.50(0 16.15; cull and common
I: mbs. slO2l 13.2.5; yearling wether-. 510.50
good in choice ewes. $5 1X1,8.75;
•ill and 1 on ion owes, $2.505;5.511; licder
iambs, $11.50(1 13.50.
CINCINNATI, Feb. 21 -Ilogs—Re
ccipts, 2,500: market steady to 25c
higher; heavies, sl9 £lO 50; mixed, $10.75
61.11 ; mediums and lights, $11; pigs,
$9.75: roughs, $8.25; stags, *3.50. Cattle
—Receipts, 500; market steady; bulls
steady; calves, $12.00; few sl3. Sheep
and lambs—Receipts, 100; market steady;
ewes, slfu.7: bucks, $4.50; choice lambs,
sls; seconds, $10®lt; culls, $5 ft? 7.
CLEVELAND, Feb, 21.—Hogs—Re
ceipts, 2,000; market, steady to 50c high
er; yorkers, $11M:11.15; mixed, sU®il.lO;
mediums, $10.50(5111; pigs, $10.756 1 11;
roughs, $8.25; stags, $6. Cattle—Re
ceipts, 250; market, steady. Sheep and
lambs Uccmpts, 750; market. fx>e higher;
top, sl6. Calves —Receipts, 200; market,
50c lower; top, $13.50.
EAST BUFFALO, N. Y„ Feb. 21.—Hogs
Receipts, 4,180; market strong; york
ers, $10.90(1 12.25; pigs. $10.23®1L25;
mixed, $109(iv11.25; heavies, $10.85(1.11.10;
roughs, $8.75(1,9; stags, $4®>5,50. Cattle-
Receipts. 300; market slow; shipping
.'doors. $8(1. 8.25 ; butcher grades, $7@8.25:
heifers, 3 7 (('7.50; cows, s3©s; bulls. $3.50
<OS: feeders, $4.50(1,7.50; milk cows and
springers, s2s® 115. Calves—Receipt*.
125; market steady; cull (o choice, $lO
(/’ 13. Sheep and iambs—Receipts, 800;
market slow; choice lambs, $12.15; mil
to fair, $14.756(16; yearlings, $8.50(0,14.50;
sheep, $341(50.
EAST ST. LOUIS, Fob. 21.—Hogs—Re
ceipts, 10,000; market, 25 to 35c higher:
mixed and butchers, slo.lo© 10.75: good
heavies, roughs. $8(18.50;
lights, $10.65© 10.75; pigs, $9,756?; 10.75;
bulk of sales, $10.50® 10.70. Cattle —Re-
ceipts, 3,500; market, steady; native beef
steers, s76i’B; yearling steers and heifers,
$7,206(8.25: cows, $16(5.75; Stockers and
feders, $3,504? 6 60; calves. $3,856? 11.50 :
canners and cutters, $2,256(3.75. Sheep
and lambs—Receipts, 1,000; market,
steady to strong; mutton ewes, $76(7.25:
good to choice lambs, $G@15.25; canners
and choppers, s2©>4.
PITTSBFRGH, Feb. 21.- Hogs—Re
ceipts, 1,000; market 30c higher; prime
heavies, $10.506?H0.60; mediums, $11,106?)
11.25; heavy yorkers, $11,156(11 25; light
yorkers, $11,156(11.25; pigsg, $11.15® 11.25;
roughs, $867 9: stags, $56(5.50; heavy
mixed, $10,756(11. Cattle—Receipts less
than 100; market steady: choice. $8.50®
8.75; prime, $86(8.25: good, $7,506? 7.75;
tidy butchers, $76(7.50; fair, $66?6 75;
common, $1,506(6.75; common to good fat
bulls, $36(5.50; common to good fa,
cows, $26(5.50; heifers, $4.50@6.75; fr*,*b
cows and springers, $406(80; veal cn’ves,
$13.50; heavy and thin calves, ys®lo.
Sheep and lambs—Receipts. 500: market
steady; prime wethers, $96(9.50; mixed,
$66(8.75; culls and commons, $2 5061-1;
choice lambs, sl6 down.
CLEVELAND PRODUfjE.
CLEVELAND, Feb. 21.-B ,'tter-Extra
in tins, 436?43%e; prints, 446/. j ji/. c; extra
firsts, 42%©! 43c; packings si o ek. 17@19c.
Eggs—Fresh gathered, N ol, (hern extras,
36%c; extra firsts, 35%c, Ol,| o firsts, new
cases, 32c; old cases. 31% 0 . Western
firsts, new cases, 31%c. 'Poultry—Live,
heavy fowls, 2S®29c; *pr ing cuils, 23@
24c; spring ducks, 276? 2s c
Potatoes—Ordinary, $3.Wp.35 per p-.0-lli
lli bag; Mlehigans, $2.85. 'Early Ohio,
$2.10 per 120-lb. bag. S.lweet Potatoes—
Delawares, $1.80®1.90 pt, r hamper,
WHOLESALE Bf SKF PRICES.
The following are today’s wholesale
prices for beef cuts *, s go pi on the In
dianapolis markets o tf Sw tf t & (;o Ribs
—No. 2,22 c; No. 15. Lotus—No. 2,
!? c ’ °* },t c ‘ , Atnunds —No. 2,15 c;
No. 3,12 c. Cbucb_N o . 2, 10 c; No. 3,
9c. Plates—No. 2, c; n 0 3_ 7 C>
GRAINS SUSTAIN
SHARP DECLINES
Losses Occur Despite Reports
of Dry Weather.
CHICAGO, Feb. 21.—Grain prices
slumped on the Chicago Board of Trade,
as a reaction following the recent sharp
advances.
Although the weather map showed
contiued dryness in the southwest wheat
belt, eloudy weather with a promise of
rain was reported generally. Under
these conditions traders unloaded rather
than carry over the holiday.
Provisions were Irregular.
May wheat opened off lc at $1.45%
and closed off %c. July wheat opened off
%e at $1.27% and closed down l%c.
May corn opened unchanged at 63%c and
closed up %e. July corn opened up %c
at 65%c anil closed up Vie.
May Oats opened unchanged at 63%c
and closed off %e. July opened down
%c at 42%c and closed down %c.
(By Thomson A McKinnon.)
—Feb. 21—
Wheat—Foreign markets. Liverpool es
pecially, have shown t eudency toward
reaction. This condition, together with
a prospect of rains Southwest, has
prompted considerable realizing. Market
has accepted the selling exceptionally
well, from which it may be argued that
the situation as a whole is not changed.
Minneapolis reports fair flour sales by
1 leading millers, but flour trade as a
whole is not brisk. A reflection of this
is a negligible demand for cash wheat,
not only iu this market but elsewhere.
Receipts in the Southwest give some in
dication of decreasing, but the present
accumulations, together with the slow
demand, have made Kansas City May
lull 14 cents under Chicago, which is
more than a shipping difference. It Is
not likely that any large movement of
wheat from Kansas City to this market
is to be expected, for the reason that
empty elevator space here is not avail
able. The reaction in Liverpool seems
to be in the way of realizing by former
holders rather than because of any weak
ening of the underlying situation. Ca
bles estimate ttiat one-half the Argentine
surplus has already been sold. Broom
lntU claims that Canada has only 87.000,-
000 bushels remaining, with a goodly
portion of this amount already under
contract. Export trade slow today, a
feature in the situation being a lowering
of asking prices for hard winter wheat
now gulf. This wheat seems not to
be wanted, possibly because of Its con
dition, due to standing on track for a
considerable period. The action of cash
wheat, the reactionary tendency in Liver
pool and the possibility of precipitation
Southwest suggest a fairly good reaction
in values. The immediate action will de
pend largely upon tlie weather over the
hard wheat territory. YVe do not believe
the time has come to anticipate lower
prices but we do feel that buying orders
should be very carefully placed.
Corn and Oats—The corn market seems
breaking away from the influence of large
accumulations and liberal receipts and is
becoming tit,ire willing to recognize the
heavy depletion of country reserves. Ex
port demand remains rather brisk, while
the breaking up of country roads ttu
decrease the movement from first hands.
All depressions should be accepted oh op
portunities for purchases. The oats mar
ket does not develop anything of interest
or aty broadening of trade. It is begin
ning to be believed ,hat the enormous
visible supply will have to be mhterially
r, ‘need before prices nhow strength.
Provisions—The hog market remains
strong and cosh trade in products both
foreign and domestic, is good. Today’s
market met free realizing, especially in
lard. The offerings passed largely into
the hands of previous sellers. We vie-.v
this market as we do the grain, namely
moderate reaction would be beneficial, but
anticipation of lower prices is not proper.
CHICAGO GRAIN TABLE.
—Feb. 21—
WHEAT Open. High. Low. (lose.
Mav ... 1 43% 1 47% 1.41% 1 41%
J ill v,... 127% 1.28% 1.25 '*. 1.20%
CORN -
May 64'- .04% .62% .64%
July.... .65% .66% .64% .66
OATS—
Mav 41% .42% .41% .41%
July 42% .43% .42% .42%
roRK—
•May 20 00
LA K D
Mav 11 77 11 90 14.02 11.62
July 12.* 12.06 11 SO 1197
RIBS
Mav.... 11.57 11.57 11.20 11.22
.luiv.... 11.41* 11.40 10.96 10.95
BY K~
Mav 1 09 1,10 169 1.0.%
July.... 99% 1.00 9>% .98%
•Nominal.
< HICAGG CASH grain.
CHICAGO, Fob. 21.-M hc.it No. 2 red,
$142%; No. 3 red. sl3l®HO%; No. 2
hard v, inter, $1.4®1.45%; No. 3 hard
winter, $1.31%; No. 2 northern spring,
$150; No. 4 northern spring, $1.26%;
No. 2 mixed $1 37%. Corn—No. 2 mixed,
57%1d59c; No. 2 white. 57%®50%c; No.
2 yellow, 57%®00%'-; No. 3 mixed, 56®
57 %o; ..a. 3 white, 56®57%c: No. 3 yel
low". 56 d',7%0 : No. mixed. 54%@550: No.
t white, 54®53’Ac; No. 4 yellow, 54%®
55',>e. <>a No. 2 white. 3S%iii 10',e;
No." 3 white, 35 , 4®37%e: No. 4 white,
33 % ® 35,.
TOLEDO GRAIN I'KII EB.
TOLEDO, F' ti. 21.—YY'heat t'.'.sh. $! 11
9; 1.16; Mav. $1.51; July, $1.29%. t orn
(sit, 61%4j62c. Oats—Cash. 42® 44c.
Rye—Casa, $1.03. Barley—Cash, C9v.
PRIMARY MARKETS.
(By Thomson & McKinnon.)
—Feb. 21—
-RECEIPTS—
YVheat. Corn. Oats.
St. Joseph ... 43,(00 49,000 4,000
Chicago 47 000 1.522,t00 362.000
Milwaukee 126.000 72,000
Minneapolis . 325,600 120.000 98,000
Duluth 4",<M> 127,000 25,000
St. LolllS ... 68,tSM 199.(810 114,00"
loled.l 34,t4*i 34,000 14,000
Detroit 6,(4H) 14.06" 10,6*K)
Kansas City . 230,000 105,000 22.000
Peoria 11,(Do 135,0(H) 43,(*(*l
Omaha 41,%*) 104,000 18.000
Indianapolis . 17,(XX) 157,000 52,000
Totals 842.001 2,002,000 831,000
Year ago ... Holiday.
—SHIPMENTS—
YVheat. Corn. Oafs.
Bt. Joseph .. 19,000 31,000 2.00.*
Chicago 24,tHK) 553,000 136.000!
Milwaukee .. 7.00* 128,00.) 48,000 j
Minneapolis .. 86.000 72,1**) 89,000 j
Bt. Louis ... o;,(H*l 81,000 81.00*
Toledo 48,000 6.(*N* 7,000 ,
Detroit 4.00'
Kansas City . 257,000 108,0"" 26,000 1
Peoria 11,000 57,000 ,
Omaha 48,000 66.000 * 34.000
iudlauapoiis 7,000 14,(XX)
Totals 566,000 1,121,00'; 4G6.000
Year ago ... Holiday.
—CLEARANCES—
YVheat. Corn. Oats.
Boston 210,0)5* ......
i’hiladelphla ... 4,000 43,(XX)
Baltimore *38.000
Totals 214,000 451.000
Year ago ... Holiday.
INDIANAPOLIS CASH GRAIN,
—Feb. 21-
Bids fop ear lots of grain and hay a':
the cn% of the Indianapolis Board o?
Trade were:
YVjieat—No sales.
*!orn—Strong; No. 3 white. 58®59c :
Nj. 4 white, 57®58c: No. 3 yellow, 58®
o9c; No. 4 yellow, 57®58c; -No. 3 mixed,
58®59c; No. 4 mixed, 57@58c.
Oats—Strong: 2 white, 40%@53%c;
No. 3 white, 39@39%c.
Hay—YVeak; No. 1 timothy, $17®17.50;
No. 2 timothy, $16.50®17: No. 1 light clo
ver mixed. $1C@16.50; No. 1 clover hay,
$18.50® 19.50.
—lnspections
YVhpat—No. 3 red, 3 cars; No. 4 red.
2 ears; No. 2 mixed, 1 car; sample, 1
car; total, 7 cars.
Corn—No. 1 white, 1 car; No. 3 white,
9 cars; No. 4 white, 8 cars; No. 5 white,
3 cars; No. C white, 2 cars: No. 2 yel
low, 2 cars; No. 3 yellow, 20 cars; No.
4 yellow. 22 ears; No. 5 yellow, 22 ears;
No. 6 yellow, 12 cars; No. 2 mixed. 1 ear;
No. 3 mixed, 4 cars; No. 4 mixed, 2 cars:
No. 5 mixed, 2 cars; No. 6 mixed, 1 car;
total, 111 cars.
Oats—No. 1 white, 1 car; No. 3 white.
20 cars; No. 4 white, 5 cars; total, 26
cars.
Hay—No. 2 timothy, 1 car; No. 1 clo
ver mixed, 1 car; total, 2 cars.
WAGON YVHEAT PRICES.
Indianapolis flour mills and elevators
today were paying $1.30 per bushel for
No. 1 red winter wheat; $1.28 for No.
2 red winter and according to test for
No. 3 rod winter. Oats were quoted at
27c per bushel for No. 3 white or better.
Local Stock Exchange
—Feb. 21—
4 STOCKS.
Bid. Ask.
Ind. Ry. & Light com 60
Ind. Ry. & Light pfd 75
Ind. St. Ry 40% 45
T. H. T & L. pfd
Indpls. & N. YY r . pfd 60
Indpls. & S. E. pfd 60
T. H. T. & E. com 6
T. H. T. & L. pfd
T. H. I. & E. pfd 15
U. T. of Ind. com 1
U. T. of Ind. Ist pfd 7
U. T. of Ind., 2d pfd 2
Advance-Kumcty com
Advance-Rumely pfJ
Am. Creosoting pfd 93%
Am. Central Life Its* ...
Belt It. R. com 67
Belt R. R. pfd 491/4 ...
Central Bldg. Cos., pfd 93%
Citizens Gas Cos 23% 24%
City Sefice com 1.3 177
City Service pfd 53 57%
Dodge Mfg. Cos. pfd
Home Brewing 44%
Ind. Hotel com 75
ind. notol pfd 97
Indpls. Nat. Ins. Cos 2
Ind. Title Guarantee Cos 45
Indiana Pipe Lines 87
Indpls. Abattoir pfd 46 ...
Indpls. Gas 45% 47%
Indpls. Tel. com 2
Indpls. Tel. pfd 90
Mer. Pub. Utl. pfd 48% 53%
Nat. Motor Car Cos 2_ 4
I’ub. Sav. Ins. Cos 4%
itauh Fer. pfd 47%
Stand. Oil of IndicA'i 85% 80%
Sterling Fire Ins. Cos 6%
Y'an Camp Hdw. pfd 9u
Y'an Camp Prod. Ist pfd 100
Y'an Camp Prod. 2d pfd 100
Y’andnlia Coal Cos. com 3 _,
Vandalia Coal Cos. pfd 6% 11%
Wabash Ry. pfd 21 25
YY'abash Ry. com 6% 9
BONDS.
Broad Ripple 5s 60
Citizens St. Ry. 5s 73 76
Indian Creek Coal & Mine I'*)
Ind. Coke & Gas 5s 86
Indpls. C. ,8 S. 5s 91
Indianapolis North. 5s 37% 41
Indpls. A: Martinsville 65.... 59
Indpls. Ac N. YY'. 5s 47
Indpls. & S E. 5s 45
Indpls., shelby. At S. E. 5s 75
Indpls. St. Ky. 4s 59 61
T. H.. I. Ac E 5s 50
U. T. of lud. 6s -... 44% 49%
Citizens Gas Cos. 5s 86 91
Indpls. Gas Cos 84 89
Kokomo. M. & YY r . 5s 83%
Ind. Hotel Cos. 3d 5s 95
Indpls 1.. Ac H. 5s 86% 90
Indpls. Water Cos. 4%s $0
Indpls. YY'ater 5s 94 1*5%
Mer. 11. AL. 5s 96% 99
New Tel. Long Dist. 5s 95
New Tel. Ist 6s 95
Indpls. 11. Ac T. 5s 74
Sou. Ind. Power 6s 88%
•Ex-dividend 3 pr cent semi-annual.
Local Curb Market
(By Newton Todd.)
—Feb. 21—
Am. Hominy com. 14 22
Central and Coast Oil 1 ...
Choate Oil Corp % 1
Citizens Gas Cos. pfd 94 lot*
Columiiia Fire Ins. Cos 6 7%
Comet Auto % 2
Dayton Rubber Units 45 52
Lictograph Prod, pfd 29 34
I>. YY'. Griffith 5% 6%
Elgin Motor Car 1% -’%
Fed. Fin. Cos. pfd <J 87
Fed. Kin. Cos. com. ...120 13®
Gt. Sou. Prod. & Ref 5 •>%
Goodyear '4'. A; R. com 10 12%
Goodyear T. Ac R. pfd 25 28
Ind. Rural Credits o 0 60
Metro. 5-10 e Stores com 4% 6
Metro. 5-10 c Stores pfd 19 23
Nat. Underwriting 2% 4
Rauch A- Lang Uni s 22 3rt
Rub.-Tex. Units 12% 17
Stevens Duryea Units 21 28
U. 8. Auto. Units 31 61
U. 8. Mfg- Cos. Units 150 160
BANK STOCKS.
Commercial Nat. Ban* 71 81
Cont. Nat. Bank 100 110
Ind. Trust Cos 175 190
Ind. Nat. Bank 260 276
Mer. Nat Bank 280
Security Trust Cos 130 ...
State Sav. & Trust
Union Trust Cos .00 ...
YY'ash. Bank At Trust Cos 100
Weather
I The following table sh iws the state of
! the weather at 7 a. iu., Feb. 21, as ob
i served by United States Heather
j Weather Bureaus:
Statl n. Bar. Temp. Weather.
I Inilinnaixolis. Ind.. 30.37 37 Cloudy
I Atlanta, Ga 30.34 58 Clear
1 Amarillo, Texas . 29.80 54 PtCldy
! Bismarck, N. D. ... 30.18 14 Cloudy
! Boston, Mass SKM 32 Clear
) Chicago, ill 30.3.8 32 Cloudy
t'lncinuutl, Ohio .. 80.44 38 Cloudy
: Cleveland, Ohio .. 30.54 28 Clear
■ Denver, Colo 29.78 30 Clear
I Dodge Cl tv, Kas. . 29.88 46 Cloudy
! Helena. Mint. ... ;50.02 12 Snow
.l:n■ s. nvilic, Fla. . 30.32 t> Cloudy
Kansas City. Mo. . 30.08 40 Cloudy
Louisville. Ky 3(38 44 Clear
Little Rock. Ark. . 30.20 50 Cloudy
Los Angdcs, Cal. . 29.70 44 Clear
Mobile, Ala 30.30 56 Cloudy
New Orleans, I.a. . 30.20 58 Cloudy
New York, N. Y. . 30.36 34 Clear
Norfolk, Va 30.46 44 Cloudy
Oklahoma City .... 29.98 58 Cloudy
Omaha. Neb 30.02 36 Cloudy
Philadelphia, Pa. . 30.56 38 PtCldy
Pittsburgh, Pa. .. 30.52 34 Cloudy
Portland, Ore 29.90 32 Cloudy
Rapid City, 8. I>. . 29.94 20 PtCldy
Roseburg, Ore. ... 29.93 32 Cloudy
San Antonio. Texas 30.02 86 Cloudy
San Francisco, Cal. 29.72 46 Clondy
St. Louis, Mo 30.22 42 Cloudy
St. Paul. Minn
Tampa, Fla 30.26 64 Cloudy
Washington, D. C.. 30.52 44 Cloudy
WEATHER CONDITIONS.
The storm over the southwestern
pliil<ii lias developed In energy anil
extended its Influence eastward across
the Rockies. Considerably higher ‘tem
peratures are reported in its front over
the riains States and eastward to the
Mississippi River and western Lakes i
region. The readings are somewhat j
lower in northeastern sections end rains i
have occurred fr<\m the Mississippi ;
I alley eastward. There has also been !
considerable rainfall in (he south l*a- i
cifih, section, and light snow flurries ;
Occurred in parts of the northern tier
of States.
At 7 p. m. Monday snow covered the •
northern tier of States east of the j
Rockies southward to about 41st parallel, j
with depths ranging generally from 4 to ;
16 inches.
—INDIANA HIGHWAYS—
Highways have not changed much \
during the past week and conditions
vary widely throughout the State, being 1
more unsatisfactory in tha southern
division than elsewhere. Improved roads
:,re fair to good, but unimproved are
rougii and mudy.
J. n. ARMIXGTON, !
Meteorologist, Weather Bureau.
INDIANAPOLIS PRODUCE.
Eggs—Loss ol.'. 23®24c. Butter— Pack
ing stock, 13c. Poultry—Fowls, 17©22c;
springs, 296? 22c; cocks. 13©14c: stags,
136? 14c; capons, 7 lbs and up, 30c; ca
pons, under 7 lbs, 26c; capon slips, 7
Ilis and up, 26c; capon slips, under 7
lbs, 21@25c; young hen turks, 8 lbs and
up. 356i40c; yoyng tom turks, 12 lbs
and up. 35@40c; old tom turks, 306?33c;
cull thin turkeys not wanted; ducks, 4
lbs and up. 1067 18c; geese, 10 lbs and up,
14c; squabs, 11 lbs doz. $5; young guin
eas, 2-lb size, per doz, $7©7.50; old
guineas, per doz. $3.
Butter—Looal dealers are paying 37®
3Sc per lb. for butter, delivered in In- j
diana polls.
Butter Fat—Local dealers are paying
36c per lb. for butter fat, delivered in
Indianapolis.
HAY MARKET.
The following are the Indianapolis
prices for hay by the wagon load, (le- |
livered; _
Hay-Loose timothy, SIC.OO@I7; mixed
bay. sls6?)Hi; baled hay. $160:17.
Oats—New. per bushel 356138 c.
Corn—New, per bushel, 506?55e.
Corn—Old. per bushel. <stasoc.
TOLEDO SEED PRICES.
TOLEDO, Feb. 21.—Cloverseed Cash.
$15.95; February. $15.95; March. $15.99;
April, $14.85; October, *12.35; Alsikp—
Cash. $12.60; February, $12.60; March.
$12.05. Timothy—Cash. $3.22; February,
$3.22%; March, $3.35; September, $3.15.
DOLLAR RAILS
ARE DULL ON
FOREIGNMART
American Alining Stocks Are
Stagnant in Trade on Lon
don Stock Exchange.
LONDON, Feb. 21. Resumption of
trade on the stock exchange yesterday
resulted in a large amount of business
of an investment character which led to
greater activity than has been seen for
sometime past and several issues were
beneliled.
British bonds in the gilt-edged market
opened at higher levels ueppite some re
action and substantial gains were showua
for the day. C
Foreign bonds reflected some of thi?
strength.
The home rail mariet was excited, th®
demand catching it on the short side.
'Dollar rails were dull, while foreign rails
had a slight upward movement.
The industrial market showed some ac
tivity and iron, steel and engineering
shares were harder.
Oil shares were better where changed,
except Mexican Eagle which relapsed to
4 5-32, Shells were 4% and Royal Dutch
34 (s.
African minings were somewhat better,
but Americans generally were stagnant.
The supply ot loanable credit iu Lom
bard street curtailed and little cheap
money was to be found. Overnight
money was 2% per cent, day to day
money was 2%. per cent and fixtures 3
per cent. Bar silver moved up to 33%1
and to 33%d for spot ami forward.—
Copyright, 1922, by Public Ledger Com
pany.
In ’lie Cotton Market
NEYV YORK. Feb. 12.- Notices in New
Orleans on about 12.000 bales weakened
the cotton market there at the opening
today and in turn depressed the list
here.
The local market started 17 to 25 points
lower.
There was selling early by Liverpool.
Japanese interests, the South, Wall
street and the cables were poor.
Later quotations were about 27 points
net lower.
Nov; Yolk op ning cotton prices: March.
18.28 c; May. 17-90 e; July. 17.45 c; Aik
gust. 17.33 c; October. 16.95 c; Decembe l *
■
r was easy In late dealings?
closing at a net decline of 21 to 37 point.-.
—Cotton Futures—
Open. High. Low. Close.
January 16.71 16.65
March 18.28 18.3 W IMS 1V2.5
Mar 17.95 18.03 17.N5 17.91
July 17.45 17.52 17.34 17.4 L
October 16.95 16.97 16.79 16.**
December 1678 16.80 16.65 16.80
—Cotton Review—
NEW Y’OKK, Feb. 21.—The main fea->
turo of the market today was the gen
eral desire to accept profits. Selling for
this purpose appeared from the South as
well as from local commission houses
and considering the volume of liquidat
ing sales the market absorbed the selling
remarkably well.
One explanation for this is the better
reports that we are now getting from
Manchester, business there having im
proved materially and a larger output
may be expected very soon.
Another influence in the market today
was the issuance of notices for March
cotton iu the New Orleans market and
the report from there that some of th®
cotton would be shipped for delivery on
New York contracts.
l< clinically the market is not in as
good a position as it has been because of
the reduction of the short interest during
the recent rise and we anticipate some
further irregularit”. but on any substan
tial setback we again favor the purchase
of the summer months.
LIY’ERPOOL. Feb. 21.—Spot cotton
was in fair demand at the opening of
the marker here today. Prices were eas
ier and salts around 8.000 bales.
American middlings, 12-27 J; good mid
dlings. lO.Osd: full middlings, lO.OSd;
middlings. 10.33d; low, 9 3sd; good ordi
nary, 8.13; ordinary, 7.35d.
Futures opened steady.
Kokomo Gas Company
Asks to Issue Bonds
The Kokomo Gas and Fuel Company
t lay petitioned the public service com
mission for author: v to issue $53,300 in
general and refunding 5 per cent g >ld
bonds at not less than -75 per cent of
par.
The TniteJ rublic Service Company
was authorized to reduce its electric rates
to the city of Rochester and surrounding
towns and to the school city of Ro
chester.
Would Give Equal
Pay to Volunteers
WASHINGTON. Feb. 21.—Disabled re
serve or volunteer officer* of the World
' War would be entitled to the same re
tirement, pay and otehr privileges 0*
regular retired officers by a bill passed
by the Senate today.
The vote was 50 to 14. The bill wn*
sponsored by Senator Bursum, Repub
lican, of New Mexico.
Passage of the bill followed defeat of a
motion to recommit It to the Senate Mili
tary Affairs Committee.
..... .
TAXI CABS
Main OS OS
INDIANA TAXi CO. .■
Receipt Printing Meters"
Newton Todd—
-415 ' imr.ke Bldg, a
BUYS
Indiana Rural Credit Stock,
Rub-Tex Cos. Units, Citizens
h Gas Preferred. Belt R. R.
and Stock Yards Stock. Auto
mobile and Tire Stocks.
SELLS
4 National City Bank Stock.
Citizens Gas Common, Fletch
er American Natl. Bank, I
Fnion Traction of Ind. 6s, S
Atlas-Midwest Engine Ga. gjj
Ar.icriaan Telephone & Telegraph Cos.
130th Dividen 1
The regular quarterly dividend of two
dollars and twenty-five cen's per share
will lie paid on Saturday, April 15, 1922
to stockholders of record at the close of
business on Friday. March 17, 1922.
On account of the Annual Meeting of
the stockholders, the transfer books will
lie closed at the close of business on
Friday, March 17, 1922. and reopened at
10 a. in., March 29. 1922.
BLAIR SMITH. Treasurer.

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