Indiana daily times. [volume], April 05, 1922, Home Edition, Page 10, Image 10

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

Image provided by: Indiana State Library

                
10
MARKETDRAGS
AFTER PERIOD
OF BRISKNESS:
Wild Outburst of Trading Is
Followed by Reaction
Slump.
U. S. STEEL FEATURE
Special to Indiana Daily Times
and Philadelphia Public Ledger.
BY MONITOR.
NEW YORK, April s.—The market,
after exhiliting a jlenomenal outburst
of activity in the first hour with transac- j
tions closely approximating half a mil
lion shares, gave evidence of a slacken-1
ing in pace and before the day was over
receded somewhat under the weight of
profit-taxing sales. The setback is viewed
as in the nature of a logical reaction, lor
the buying in the last few days has
been continuous and heavy. The reces
sion in Studebaker, which opened at a
new high level, naturally influenced the
rest of the list, for it has been one of
the bell wethers of the market for a
considerable period.
There was further evidence of outside
participation *one an interesting scale
and, although the public is not yet an
important factor and the long interest
for the account is by no means un
wieldlv, the buying from this source has
contributed in the lasc few days to sweil
the total of transactions. The favorable
state of the money market, the small
extent of the reactions and the more en
couraging items of business news chiefly
are responsillc for the growth of out
side interest.
Several groups furnished their quota to
the list of new high levels recorded to
day. Among the steels. United States
Steel was the outstanding figure, with its
record price a fraction above I*B. Pacific
Oil and Royal Dutch also made new
highs, the former the highest for al!
time. Other strong features were Marine
preferred. General Cigar, Allied Chemical,
Davison Chemical and United Fruit.
Among the incidents of the day was
the Studebaker statement on production
given out at the annual meeting of
stockholders. The dividend meeting will
not be held until April 29. The failure
of adverse dividend action to develop in
the case of eßthlehem Steel B also gave
satisfaction.
The increase in stock exchange opera
tions. thus bringing an unusual demand
for money, was credited with causing the
rise in the call rate to 5 per cent time
money, however, showed a tendency to
ease. —Copyright, 1922, by Public Ledger
Company. r . &
WALL STREET GOSSIP
By MONITOR.
NEW YORK, April 5. —Studebaker. ns
usual, was one of the high lights of yes
terday's market, the opening being the
high for the day. Developments at the
Jersey City meeting were as favorable
as might have been expected. Production
for the first quarter was 26.675 cars, and
the schedule for the second quarter calls
for 30,000 sales records were
made in mnr-y. during
the
Directors of*
Wednesday in New York, and It is ex
pected that some action will be taken
on the accumulation of 5 per cent on
the preferred stock, this being for the
year 1921. It will be remembered that
the total accumulation of 13 per cent
on this issue was brought down to the
present basis in December, when 10 per
cent was paid off. and it would not be
greatly surprising if the directors de
cided to pay the last 5 per cent at this
'meeting.. If no such action is taken,
it is expected that the directors will
inaugurate current payments for 1922
to prevent further accumulation of these
dividends.
Various rumors which have been going
the rounds regarding Pierce-Arrow and
a possible merger with Nash Motors
and other- motor companies received a
setback when M. E. Forbes, vice presi
dent and general manager of the Pierce-
Arrow Company, denied that he knew
of any such contemplated merger.
Despite sharp periods of irregularity,
Davison Chemical held rather closely to
the new trading areas established after
anew high had been made above 04. The
main reason for strength in Davison at
this time is its ownership of some 200.-
000 shares of Silica Gel process. For
some time it has been expected that a
contract would be signed with leading oil
interests for this process, and it is now
believed practically certain that this ileai
will be consummated before the week is
out. The Silica Gel method has hardly
been tried nt on a commercial scale as
yet, and it is probably that operation on
this contract will furnish it a very effec
tive trial.
Computing, Tabulating & Recording
failed to maintain the firm tone shown
in Monday's trading. A rumor is about
the street that the present $1 dividend
rate will be raised to s<. At the annual
meeting Willis 11. Booth, vice president
of the Guaranty Trust Company, was
elected director to succeed the late John
B. Stansfield.
Baldwin Locomotive followed the gen
eral trend of the market and, like other
leaders, made its high for the day in
the first trading hours. President Sam
uel M. Vauclain of the company is very
optimistic on the outlook for the bal
ance of the current year, and expects
that, at the present rate of increase, .op
erations will be at the rate of 73 per
cent of capacity before the year is out.
At the present time Baldwin is booking
new business at the rate of $500,000 per
week or better. Orders from domestic
sources during March included sixty
engines valued at more than $2,000,000.
This equals January and February busi
ness combined.
Reports which have been current in
the financial district here for the past
week or so to the effect that adverse
dividend action might he expected on the
Bethlehem stocks were set at rest to
day at the Newark meeting. Charles
M. Schwab, chairman cf the board, and
E. G. Grace, president, stated after the
meeting that there is absolutely no basis
for the report that directors were con
sidering reduction or the passing of the
dividend on the A and B stocks at this
time.
Industrial Alcohol was an exception to
the general fading tone and was weak
all during tbi session, the preferred
selling down around its low levels for
the year, while the common also showed
a substantial 2->sr. This weakness was
In anticipation of the annual report, as
advance gossip had it this report would
be rather gloomy. The statement for
1921 issued after the close of the market
showed earnings after operating ex
penses, and repairs of $1,456,041, com
pared with $5,192,531 in the preceding
year and a deficit after preferred and
common dividends of $023,368, contrasted
with a surplus of $999,49S in 1920.
Allied Chemical was fairiy steady
within a two point trading area, and
at the close managed to hold a frac
tional gain for the day. The annual re
j ort which is due within the next week
or so is expected to show a very strong
fiuaneial position, this being advanced as
the reason for the recent good buying
In the issue.—Copyright, 1922, by Fublic
Ledger Company.
N. Y. Stock Exchange
l Thomson & McKinnon.)
—April 3. Prev.
High Low Close Close
Ajax Rubber... 17 16% 1714 17
Allied Chern 68% 07% 08 07 >4
Allis-Chalmers.. 48 47 48 40%
Am. Beet Sug...-’41% 41 Vi 41 % 41%
Am. Bosch Mag. 40 45', 45% 44%,
Am. Can 48 47% 48 47%
Am. Car & Fdy 155% 155 155 154
Am. Ice 11l 10C% 109 10714
Am. 11. &L. pfd. CV; 08% 08% 08%
Am. lut. Corp.. 43% 44% 45 44-s,
Ain. Loco 111% 111 111% 11‘4
Am. Steel Fdy.. 37 30% 30% 37_
Am. Smelt. Ref. 35% 53% 3514 53%
Alu. Sug. Ref... 72% 72 72% 72
Am. Sum. Tob. 33 321s 32% 32%
Am. Tel. & Tel. 121% 120% 120% 121
Am. Tobacco ..140 139% 139% 140
Am. "Woolen ... BS% SS% 88% 88%
Anaconda 52% 51% 52% 51%
Atchison 97% 97% 97% 9714
At. C. Line.... 95 % 95 95% 95%
At. G. & W. I. 32% 32 32% 32%
Austen Nichols. 25', 24% 20', 2.1
Baldwin Loco. 11.5 112% 114% 112%
B. & 0 4214 41% 42% 41%
Beth. S. (1D..., 75 75% 74% 74%
B. R. Transit.. 18% 17% 18% 17%
Cal. Pete 54% 54 54'4 53%]
Can. Pac. Ry... 137% 137% 137% 137
Cent. Leather... 37% :al% 3Ch 3<%
Chand. Motor... 77% 75% 77% 70
C. 0.......... 04% 02% 04 03
C.M. A St.l’.com 24% 24 24% 23%
C.M. At st.l’.pfd 39% 39 39% 39
Chi. A: N. \V.„. 72% 71% 72 71
C.R.I. & Pac... 41% 40% 41 40%
CUI % P.Opcpfd 80% 80 80% 80
CUI Ac l\7pc pfd 04% 94% 91% 92%
Chili Copper.... 17% 17% 17% 1714
Cluctt At I* 57 57 57 .
Chino Copper... 28% 27% 28%. 27%
Columbia Gas.. 54% 83% 84% 84
Coca Cola 49% 48% 49% 48%
Consolidated G.. 109 108% 109 108%
Continctal Can. 01% 01% 01% 02
Corn Products 105% 1041, 104% 104";
Crucible Steel.. 60% 59% 00% 39%
Cuban Am. Sg. 23% 22% 23%, 22%
Cuban C. 5"... 10", 10% 10', i<s 1
DeU. & Hudson 117% 117% 117% ....
Dvla. A: Lack..llo', 110 110% 110
Dome Mines ... 20% 20 20 20%
Erie 12 11% 12 11%
Erie Ist pfd.... 20 19% 2" 19%
Endicott and J. 83% 83 N".% 85>,
Famous Players 80% 79% 79% 80
Fisk Rub C 0... 17 10% 10% 10%
Gen. Asph. lt ... 04% (7!% 04% 62%
Gen. Cigars ... 73% 72 72% 72
ceii. Electric ..104 159% 104 159%
Gen. Motors ... 12% 11% 12% 11%
Goodrich 40% 38% 4"% 39
Gt. North, pfd. 72 71% 71% 71%
Gt. North. Ore . 37% 36% 30% 30%
Gulf States S.. 71% 71 71% 71%
llupp 17% 10% 17% 10%
Houston Oil ... 75% 77% 7 5 % 77%
Illinois Central.lo4 / 101! 104 _ 103
Indiahoma .... 3% 3% 3%
In. Copper .... 41% 40% 41 40%
In. Harvester .98 97% 98 97%
Inter Nickel ... 17 16% 17 16%
Inter. Paper ... 47% 46% 47 40
in. Oil 19% 19% 19% 19%
Kelsey W 110% 109 119% 107%
K. Spring T. . 47% 40 47% 40
Kenn. Copper .3 % 29% 30% 29%
Lack. Steel ... 51% 51% 51% 50%
Lee Tire At It. 33 33 35 33%
Lima Loco ...111% 110% 111% 110%
Lehigh Valley.. 61% 59% 00% 59%
Loews Inc 15% 15 15% 15%
Martin-Parry ... 29% 28% 28% 29_
Marine coin.... 17% 17 17% 17%
Marine pfd .... 75% 74% 74% 73%
Mav Stores 119% 118 119 118%
Maryland 0i1... 27% 20% 27% 20%
Mex. Pete 125 122% 124 122%
Miami Copper... 28 27% 28 27%
Mid. s oil 13% 13% 13% 13%
Midvale Steel... 34 33% 35% 34
Mo. Pac. Rv.... 22% 22% 22% 22%
Mo. Bar. liv.pfd 54% 54% 54% 55%
Mont. A- Ward.. 19% 18', 19% ls%
Nat. Lead 99% 99% 90% 90%
Nev. Con. Cop... 15% 15 15% 15
N.Y. Airbrake.. 72 68 72 68
N.Y. Central 88 80% 87% 80%
New Haven 20% 20% 20% 20
N. At W 104% 103% 104 li 2%
North. Fac. ... 75% 75 75% 75%
Okla. P. & 1t... 2% 2% 2% 2%
Owen Bottle 32 31% 31% 32
I'acitic Oil 54% 83% 54% 54
I’an-Axn. Pet.... 58 50% 57% 50
renna Ry 41% 41% 41% 41
People's Gas... 82% 81% 82% 82%
Pere Marq 29% 28% 29% 28%
Pierce-Arrow .. 20% IS”, 20% 20%
Fierce Oil 9 K% 9 9
Pullman Car . 124%. 123 V, 125% 123'';
Pure Oil 31% 31% 31 % 31%
Rv Stl. Spgs... 101 95 % 100 99
Heading 70 74 75% 74%
%>. iron Steel. 53% 53% 53% 53%
.eplogle Steel . 33% 32 1 ■_> .32% 32
.loyal Dutch.. 59% 50% .39% 50%
Sears-Roebuck .77 74% 76% 74
Sinclair 25% 25% 25 % 25%
Sloss-S. and 1... 42% 42 42 41 %
South. Pacific.. 87', 86% 87% 87
South. Rv 23% 23 23% 23%
St. L. A SC. Ry. .30 29', 30 29%
Stan. Oil of Cai. 97% !t7% 97% 97
S. Oil of N. .1. 178 170% 176% 174%
St. Li S !■' com 30% 29% 30% 29',
Stewart-W 40 35% 40 3S
Stromberg Carb 48% 47% 48% 47%
studebaker 117% 115% 117% 115%
Tex. Grs & Sul. 41% 40% 41% 41
Tex. Coni and O. 20% 20% 20% 26';'.
Texas Cos 45% 45 45% 41%
Texas At Pacific 32% 32 32% .32%
Tobacco Prod... (21% 62% 62% 62%
Trans. Oil 9% 9% 9% 9%
Union Oil 19% IS 18% ls%
Union Pacific.. 134% 134 134% 134
United Drug.... 09% 09% 09% 68%
I'flited Fruit ...147 146 147 147
l\S It. Stores.. 40% 45% 40% 45%
U.S.C. Iron Pipe. 38% 30 37 % 35%
U S.lndus. Alco. 47 45% 47 45%
U. S. Rubber.. 05% 62% 61% 61%
U. S. Steel 97% 96", 97% 90%
U. S. Steel pfd..117% 117% 117',, 117%
Utah copper.... 05% 64% 05% 64
Van Steal 44% 42% 43% 42%
Waoash % 9% 9% 9%
Walt. Ist pfd... 31% 31 31%. 30%
Worth. Pump.. 53% 51 % 53% 52%
West. Union.... 97% 97 97%, ....
West. Airbrake. 89% 89% 89% 89
West. Electric. 60% 57% 60% 57%
White Motors... 43% 43 43 43%
W-Overland ... 9% 8% 9 S%
White Oil 16% 16 16 lo
Woolworth 162 161% 102 ....
NEW YORK LIBERTY HONDS.
—April 5. Prev.
High Low Close Close
L. B. 3V-S 99.18 98.72 99.02 98.54
L. It. 2nd 4s 98.78 98.70
L. B. Ist 4%s ... 99.32 99.22 99.32 99.24
1,. B. 2nd 4% s .. 99.08 98.90 99.00 98.90
lo B. 3rd 4'is ..99.54 90.50 99.50 99.54
L. B. 4th 4%s .. 99.30 99.10 99.28 99.10
Victory 3%s 100 04 100.0!
Victory 4%s 100.92 100. SS 100.90 106.88
CHICAGO STOCKS.
(By Thomson & McKinnon. )
—April re
open High Low Close
Am. Ship’bldg.. 95
Armour Lea.... 12%
Chi. El. Pfd 6%
Com. Edison... 127% 127% 127% 127%
Con. Motors ... S 8 7% 7%
Deere Cos. pfd. 71 .....
Earl >floors ... 2% 2% 2% 2%
I.ibby-McNeill .. 4% 4% 3% 3%
Mont. Ward 18% IS”, 18', Is%
Pick &Cos 2s 28% 27% 27%
Piggly Wiggly A 40
Quaker Oats.... 95
Iteo Motors .... 21
Stewart-Warner 38 40 38 40
Swift At'Co. .. 104%
Swift Inti 21 21% 20% 20%
Thompson J. K. 43%
Temtor Corn... 2%
Union Carbide .. 50", 57% 56% 57
Wahl 68 CS% 67% 68
Wrigley 100
Yellow Taxi.... 78 75% 7S 73%
NEW YORK METAL MARKET.
NEW YORK. April s.—Copper—Dull;
all positions offered. 12%c. Lead—Firm;
all positions. 4.80®4.95c. Spelter—Firm;
spot and April, 4.7r@4.95e; May and June,
4.82%@4.92%c.
NEW YORK WOOL.
NEW YORK, April 5.—W00l prices
were again firm in trade on the market
here today, prices of the past week be
ing maintained.
NEW YORK HIDES.
NEW YORK, April s.—Hides were
steady on the market today, native steer
hides being quoted at 12%®13c and
branded steer hides at lj%c per pound.
CLEVELAND PRODUCE.
CLEVELAND, April s.—Butter—Extra
in tubs, 41%@42c: prints, 42%fii.43c; ex
tra firsts. 40%® 41c; packing stock, 17®
19c. Eggs—Fresh gathered, northern ex
tras. 28c; extra firsts. 25@25%c; Western
firsts, new cases, 24c. Poultry—Live,
heavy fowls, 27fi/2Sc; spring culls, 21 fit
26c; ducks, 32(0.34c.
44 WOUNDS on LUNATIC.
PORTSMOUTH, England, April 5.
Francis Booker, iprnate of a local asy
lum. was found dead with 44 wounds on
his body. A verdict of from nat
ural opuses was returned, btri an inves
tigation has be** ordered.
STOCK MARKET
CLOSES STRONG
Studebaker Touches New High
in Final Trading.
NEW YORK, April s.—The stock mar
ket closed strong oday.
The market conti, tied to show a strong
tone in tiie late dealings, many of the
leading issues getting iuto new high
ground for the day. /
United States Steel rallied from 9t%
to 97%, and Baldwin Locomotive touched
Studebaker made anew high at HT'/S,
and General * M etors was bought in large
blocks, advancing over 1 point to 12%.
Davison Chemical reacted nearly 2
points to 63%, and Beading yielded 1
point to 75%.
Government bonds were unchanged and
railway and other bonds strong.
Total sales of stocks for the day were
1,163,500 shares.
(By Thomson Ac McKinnon.)
—April 5.
During the early part o ftoday’s ses
sion there was a material reduction in
the volume of busines, especially the
volume coming from commission houses.
The professional element were either
divided in their views, most of them
selling in anticipation of a reaction, but
as the day progressed nothing developed
to cause any uneasiness on the part of
the longs and there was an absence of
pressure and later in the day a renewed
demand for many of the prominent is
sues resulted in another upward move
ment during which time some new high
prices were again established.
New highs have been an almost daily
accurrence recently and this /ry fact
helps to attract a greater following.
Industrial news of the day was very
satisfactory.
Reviews by two trade journals fgree
that the steel situation is constantly im
proving.
Bookings in mills have been the larg
est recently since the busy war times.
Railroads have become large buyers
of steel products and large orders for
cars have been placed.
A furthr advance was noted in one
of the steel produets by the United States
Steel Corporation.
The copper situation is improving and
sales recently have been large.
There can be no doubt about the sound
ness of basic conditions and a continued
activity in the stock market, but at the
moment it is advisable to give very
close attention to technical conditions
and are of the opinion that longs should
accept profits on at least a portion of
their holdings during the present big
markets.
TWENTY STOCK AVERAGE.
NEW YORK, April s.—Twenty indus
trial stocks Tuesday averaged 89.30, off
.75 per cent. Twenty active rails aver
aged 80.86, off .40 per cent.
CLEARING "HOUSE STATEMENT.
NEW Y'OKK, April s.—Exchanges,
$742,600,000; balances, $56,700,000; Fed
eral Reserve Bank credit balances, $lB,-
200,000.
Money and Exchange
Indianapolis bank clearings Wednesday
were $2,834,000; bank debits, $5,228,000.
NEW YORK, At rii s.—The foreign ex
change market opened irregular today,
with demand Sterling %c higher at
$4.40%. I renes advanced 2 centimes to
9.1<5c for cables and to 9.15%c for ihe-'ks.
I/re yielded 2 points to 5 jse for cables
and to 5.27%e for cheeks. Belgian francs
rose 2 centimes to 8.48'- f..r cables and
to 8.17%c for cheeks. Marks were up %
of a point to .0031 %c. Guilder cables
were 37.88 c; checks. 37.8.3 c. Sweden
kronen cables were 26.15 c; checks, 26.10 c.
NEW YORK \L MONEY.
NEW YORK. April 5. Money Cali
money ruled 4'.. per cent: high 4% per
cent; low 4% per cent. Time rates 4%-
4%. Prime mercantile paper steady.
Sterling txchange was easy, with busi
ness in bankers’ bills at $1.38% for de
mand.
MOTOR SECURITIES.
(By Thomson & McKinnon.)
—April 5
—Closing
Bid. Ask.
Ear! Motors 2% 3
Packard com 7% 7%
Packard pfd 70 74
Peerless 35 36
Cotit. .Motors com 7% H
Cont. Motors pfd 9o 95
llupp com 16% IT Vi
Hupp pfd 90 ..j
Rco Motor Car 20% 21%
Elgin Motors 2% 2%
Ford of Canada 330 Si"
National Motors 2 3
Federal Truck 17 19
Paige Motors 17 19
Republic Truck 7% 8
ACTIVE OIL STOCKS.
(By Thomson & McKinnon.)
—April 5. —
—Opening—
Bid Ask
Anglo-American Oil 17% 17%
Atlantic Lobos 9 9%
Borne-Scrymser 350 370
Buckeye Pipe Line 94 96
Cheschrongh Mfg. Cons H*o 195
Continental Oil, Colo Rio 135
Cosden Oil and Gas 4% 4%
Crescent Pipe Line 33 34
Cumberland Pipe Line 140 150
Elk Basin Pet-* n% 6%
Eureka Pipe Line 9.4 90
Galena-Signal "... pref 110 114
Galena-Signal Oil, com 46 4s
Illinois Pipe Line 179 Ist
Indiana Pipe Line 102 105
Merritt Oil 1(1 % 10%
Midwest Oil 2% 2%
Midwest ltfg 170
National Transit 27 28
New York Transit 165 175
Northern Pipe Line 105 107
Ohio Oil 273 276
Oklahoma P. & It 5% 5%
! Penn.-Mex 20 29
Prairie oil and Gas 555 565
Prairie Pipe Line ,22s 233
Sapulpa Refg 33%
Solar Refining .....340 350
Southern Pipe Line 97 99
South Penn Oil 178 183
Southwest Penn Pipe Lines.. 62 64
Standard Oil Cos. of Ind 87% 88
Standard Oil Cos. of Kan 530 550
Standard Oil Cos. of Ky 489 495
Standard Oil Cos. of Noli 16.5 175
Standard Oil Cos. of N. Y 370 373
Standard Oil Cos. of Ohio ....390 410
Swan & Finch 25 35
Vacuum Oil 345 355
Washington Oil 24 29
NEW YORK CURB MARKET.
(By Thomson & McKinnon.)
—April 5 —Closing—
Bid. Asked.
Acme racking 50 55
Curtis Aero, com 4% 6
Curtis Aero, pfd 24 27
Goldfield Con 4 0
Jumbo Extension 3 5
International Petroleum .... 15% 15%
Niplssing 5% OVi
Standard Motors 5 5%
Tonopah Extension 1 7-16 1%
United I*. S. new 6% o%
U. S. Light and Heat 1% 1%
U. S. Light and Heat pfd. ... 1 1%
Wright-Martin 2 3
Yukon Gold Mine Cos 1% 1%
Jerome 3% 3%
New Cornelia 17'% IS
Cubed Verde 27 28
Sequoyah 340
Omar <MI 91 95
Rep. Tire 55 (to
Boston Y Mont 22 23
Kirby oil 22% 23
NEW YORK SUGAR.
NEW YORK. April 5.-—Raw sugars
were firm on the market today: Cubas
were quoted at 3.98 c per pound, duty
paid, and I’orto Ricos at 3.87(u3.98c per
pound, duty tree, delivered. Refined
sugars were in fair demand at steady
prices. Fine granulated sugar was
quoted at 5.23@3.30c and No. 1 soft at
3.50 c per pound.
NEW YORK COFFEE.
NEW YORK, April 5. —Coffee values
were steady in trade on the exchange here
today, opening options being 2 to 5 points
higher, ltlo No. 7 on spot sold at 10',4c
to 12%e per pound.
NEW YORIv RICE.
NEW YORK, April 5. Riee prices were
firm in trade on the exchange today, do
mestic selling at 3%fit7%c per pound.
NEW YORK PETROLEUM.
NEW YORK, April 5. Petroleum
prices were steady in trade on the mar
ket here today, Pennsylvania crude again
selling at $3.23 per barrel,
INDIANA DAILY TIMES.
Local Stock Exchange
STOCKS.
—April 5
Bid. Yak.
Ind. Ry. & Light com 00 ...
Ind. Ry. & Light pfd 75
Indpls. St. Ky 43'% 45%
Indpls. St. Ky 42% ...
Indpls. & N. W. pfd <lO
Indpls. & S. E. pfd 00
T. H.. T. & L. pfd 09
T. IL. I. & E. com 5
T. H., 1. & E. pfd 15
U. T. of Ind. com 1
U T. of Ind. Ist pfd ... 7
U. T. of Ind. 2d pfd 2
Advance-ttumely Cos. pfd
Advance-Kumely com
Am. Central Life 193 ...
Am. Creocoting pfd 94
Belt It. R. com 67% ...
•Beit It. It. pfd 50
Century Bldg. Cos. pfd 93% ...
Citizens Gas Cos 21 ...
City Service com 195 200
City Service Cos. pfd 55% 62
Dodge Mfr. Cos. pfd ...
Home Brewing 45
lad. Hotel Cos. com 85 ...
Ind. Hotel Cos. pfd 98
ind. Nat. Life Ins. Cos 2
Ind. Title Guarantee 71
Ind. Pipe Line 100
Indpls. Abattoir pfd 46 ...
Indpls. Gas 44% ...
Indpls. Tel. pfd 90
Indpls. Tel. com.. 2
Mer. Pub. Util, pfd 48
Nat. Motor Car Cos 3
Pub. Sav. Ins. Cos 5
Itauh Fer. pfd 47% ...
Stand. Oil of Ind 87 88%
Sterling Fire Ins. Cos 7% ...
Vau Camp Hdw. pfd 90
Van Camp Prod. Ist pfd 100
Van Camp Prod. 2d pl'd 102
Vandalia Coal Cos. com ‘1
Vandalia Coal Cos. pfd 6% •••
Wabash Ry. pfd So 33
Wabash Ry. com 9 11
BONDS.
Broad Ripple 5s 61 60
Citizens St. Ry. 5s 75 78
Indian Creek Cos. ! Jfc Mine 6s ... 1(8)
Ind. Coke & Gas 6s 86
Indpls. C. .V S. 5s 91% ...
ludpis. & North. 5s 38 43%
Indpls. & Martinsville 55.... 59 63
Indpls. .V N. W. 5s 48 51
indpls. vV S. E. 5s 45
Indpls., Shelbyv. & S. E. 5s 70
Indpls. St. Ry. 4s 01
T. H , I. E. 5s 50
Citizens this 55.. 86 88
Indpls. Gas 5s 86 87
Kokomo, M. tk W. 5s 84% ...
Ind. Hotel Cos. 6s 96 ...
Indpls. Water 5s 92% ...
Indpls. Water 4%5.... Si 86
Indpls. T. & T 75% ...
Indpls. L. .k 11. 5s 80% 89
U. T. of Ind. Os 46
Mer. 11. A- L. 3s 90
New Tel. L. D. 5s 96 •••,,
Son. Tel. Power Cs 56% 91%
•Ex-dividend.
LIBERTY BONDS.
Liberty first 4s 90.04 99.54
Liberty first 4%s 99 04 99.54
Liberty second 4%b 98 80 99.26
I.ibertv third 4',s 99.(4 '9.80
Liberty fontrh 4%s 90.1." 99 44
Victory 4%s .100.80
—Sales.—
Twenty shares Beit It. R. com. at .. 68
Pour shares Belt It. it. com. at .... 67%
SI,OOO Citizens Gas s's at 86
In the Cotton Market
NEW YORK. -April s.—Clearing
weather In the Southwest led to profit
taking sales during the early trading on
ttie cotton market today, following a gain
of 7 to 9 points at the opening, and
prices quickly sold back to the closing
level of yesterday.
New Orleans was a seller, but the prin
eipal offerings came from recent pur
chasers and local operators.
Opening cotton prices: April offered.
t'Ooe; May. 15.97 c: July, 17 43c; October,
17.25 e; December. 17.21 c; January, 17.11 c;
March offered, 17.b<te.
The market was easier in the last hour,
but closed steady at a net decline of 0
to 20 points.
—Cotton Futures—
Open. High. Low. Close.
January 17.11 17.1! 16.96 ! 6.8.3
March HS.ss 16.90 !6.50 16.75
Mav 18.07 18 07 17.91 17.91
Jlllv 17.(3 17.14 17 26 17.26
October 17.28 17.28 17.01 17."1
December 17 21 17.21 16.98 10.95
LIVERPOOL, April s.—Sp..t octton
opened 'n fair demand todr;'. Prices
were steady and sales around V.OOO bales.
Futures were steady.
American middlings, fair. 12.07(1; good
middlings, 11.02d: fully middlings,
10.72(1: middlings. 10.57(1; low middlings,
9.77d; good ordinary, 8.92i1; ordinary,
5.42 U.
Weather
The foil >wing table shows the state
of weather at 7 a. m., April 5, as observed
by U. 8. Weather Bureaus:
Station liar. Temp. Weather
Indianapolis, Iml. . 30.01 t>.> Cloudy
Atlanta, Ga 30.06 (12 Cloudy
Amarillo, IV“X. ... 29.72 41 PtCldy
Bismarck, N. I). .. 29.80 46 Cloudy
Boston, Mass 30.30 42 Clear
Chicago, ill 30.08 42 Cloudy
Cincinnati, Ohio . 30.08 54 Cloudy
Cleveland. Ohio .. 30.21 40 Clear
Denver, Colo 29.60 44 Cloudy
Dodge City, Kan. . 29.7.8 50 Cloudy
Helena, Mont 30.04 30 Snow
.laeksonsivlle, da., 30.12 OS Clear
Kansas City. Mo. . 29.70 58 Cloudy
Louisville, Ivy. .. 30.00 (10 Bain
Little Bock, Ark. . 29.78 (10 I’tCldy
I.og Angeles, Cal. . 29.88 40 Clear
Mobile, Ala 29.9 ft 70 Cloudy
New Orleans, La. 29.90 OS Clear
New York. N'. Y'. . 30.32 42 Cloudy
Norfolk, Va 30.28 10 Cloudy
Omaha. N'eb 29.80 50 Cloudy
Philadelphia. Pa. . 30.34 42 Cloudy
Pittsburgh, Pa 30.22 41 Clear
Oklahoma Oily .. 29.74 50 Clear
Portland, Ore. ... 30.20 40 PtCldy
Itapid City. S. D. . 29.78 42 Cloudy
ltoseburg, Ore 30.18 42 Cloudy
San Antonio. Tex.. 29.80 58 Clear
San Francisco, Cal. 29.92 40 Clear
St. Louis, Mo 29.78 02 Bain
St. Paul. Mlun. ... 30 0 4 38 Itani
Tampa, Fla 30.12 00 PtCldy
Washington, I). C. 30.30 42 Cloudy
WEATHER CONDITION'S.
Unsettled weather with rains has con
tinued in the lower and middle Missis
sippi valley, and rains with snows in
some places have occurred in many parts
of the west. Asa rule the changes in
temperature have not not been decided
over large areas.
—White River Conditions.—
At 7 a. m. today stuges in White River
were as follows: Indianapolis, 7.1 fall
ing; Elliston, 22.1 falling; Shoals, 22.5
rising; Decker, 22.2, rising.
,1. 11. ARMINUTON.
Meteorologist. Weather Bureau.
CORN AND WHEAT BULLETIN.
F.u the twenty-four hours ending at 7
a. m., Wednesday, April 5, 1922:
Temper
ature. _*
o -g
Stations of “'Cf j
Indianapolis „ a -o 2 5-a _ § i*>
District. g'g " c. K £ gs 2
f t A ||| sl|
oga
•South Bend lit |42 | 0
Angola CO 37 | 0 Fair
Ft. Wayne 60 | 38 0
Wheatlield 53 45 j o Fair
Boyal Center 40 | 0 Poor
Marion lit! |45 | 0 Fair
Lafayette 60 jSO | 0 Fair
Farmland (14 |45 | 0 j Hood
Indianapolis .... 70 | 54 | 0 | Good
Cambridge City.. 68 |4B I 0 j Good
Terre Haute ... 70 I 56 | 0.08 |
Bloomington .... 79 |57 0.04 j Fair
Columbus 80 j 55 I 0 | Good
Vincennes 81 |6l J 0 | Good
Paoli 7S I 60 | 0.01 | Good
Evansville 78 |O2 j 0 j
J. H. ARMINGTON,
Meteorologist, AVeather Bureau.
CHICAGO PRODUCE.
CHICAGO, April s.—Butter —Receipts,
5.266 tiilts; creamery extras, JUiCjliilllc:
standards , 34@35e: firsts. 31(5231 %c;
packing stock, lCiglSe. Eggs—Receipt s,
-7.200 eases; current receipts, 22131(123c;
ordinary firsts. 2118©22e; firsts, ’23%©!
23Vi: cheeks, 20Vic; dirties, 184\ Cheese
—Twins, new, 17 Ik©! Sc: Daisies, 18c;
Young Americas, 19%c; Longhorns. 19'Ac:
Bricks. HVie. Live poultry—Turkeys,
30c; chickens, 28c; springs, 30c; roasters.
20c; ducks, 30c. Potatoes—Receipts, 3+
enrj; Wisconsin Bound White*. SI,00(ffl
1-60; Idaho Buraia, sl.tis©l.7U,
GRAINS SUFFER
LATE DECLINES
Export Buying Quiet During
Entire Mart Session.
CHICAGO, April s.—Grain prices de
clined on the Chicago Board of Trade to
day. Export business was quiet and
heavy sales of Manitoba wheat for ship
ment at the opening of navigation were
reported.
Receipts were light, but heavy ship
ments were reported at other leading
markets.
The weather map showed rain all over
the grain belt.
Provisions were irregularly higher.
May wheat opened unchanged nt $1.32%
and later lost 2%c. July wheat opened
up lc at $1.19% and closed down l%c.
September wheat opened at $1.12% and
closed off %c.
May corn opened at 58%e, unchanged,
and closcjd off %c. July corn opened off
%e at 61%c and closed down %c. Sep
tember corn opened at 64%c and closed
off %c.
May oats opened up %c nt 3(-V s c and
closed off %o. July oats opened up %e
and closed down %c. September oats
opened at 40%c and closed off %e.
(By Thomson & McKinnon.)
—April 5
Wheat—lt is estimated that about
250,000 bushels of wheat have been
worked to come to this market frotu
!he Southwest, the complete absence of
export demand and the indifferent mill
ing trade prompt Southwestern holders
to seek a market. This condition has
been principally responsible for the
action of values today. So far as the
foreign situation is concerned, Liver
pool prices show no Independence being
quoted as sympathetic with other prin
cipal markets. Despite the considerable
decline In prices, the seaboard reports
only 300,000 or 400,000 for export u.al
that of the Manitoba*. Nearby interior
points are asking for bids on old wheat,
ten dayS' shipment, and one or two
points in Illinois have offered small
quantities of new wheat, shipment by
July 20 at 2c under July. It is reported,
but not confirmed, that St. Louis mills
are on tlie point of closing down, be
cause of poor business. It si known
that cash wheat in that market is very
slow sale. General tenor of crop news
lias been favorable, but the July has
shown relative firmness and should so
continue, not only because of its large
discount under the May. but because the
growing crop has nil of its trials ahead
of it. There will probably be a heavy
undertone in the May delivery, which
represents old wheat, unless there is a
marked improvement in the cash demand.
Corn and Oats—Receipts of corn were
slightly larger and receiving houses s: y
that country offerings are increasing, to
some extent. Outside of this, there have
been no developments in either the corn
rr oata situation. Southwestern advices
suggest a decrease in the seeded area
of oats because of lateness of season,
to be replaced probably with corn plant
ing. There being an unimportant ship
ping demand for both corn and oats, it
follows that present accumulations will
bcfrcely delivered on May contracts.
Provisions—An unexpected advance In
Liverpoool prices, together with disap
pointing r.-eeipts In hogs, resulted in
higher prices in the provision list.
Smaller packers were moderate sellers,
but offerings as a whole \vcre light.
CHICAGO GRAIN TABLE.
—April 5
WHEAT— Open. High. Low. Close,
Mav 1.32’., 1.32% 1.29-5, 1.30
JulV 1.19% 1.19% 1.17'- 1.18%
Sept.... 1.12% 1.12% 1 11% 1.11%
t.’i' It N
May 58% .58% .57% .57%
.July 61% .61% .01 >5 .61%
Sept.,.. .64', .64 % .63% .6>'x
OATS—
Mav 36% .36% .36% .36%
July 39 .39% .35% .3S' s
Sept 40% .40% -40% . 40! t
PORK—
•Mav 10.23
I. A It I >
May 10 97 11.00 10.90 1100
July 11.07 11.25 11.05 11.25
Sept 11.45 11.47 11.30 11.47
RIBS—
Mav 11 47 11.47 11.37 11.47
Julv.... 10.80 10.80 10.72 10.80
RYE
May.... 1.01 101 % .99% 1.00
July.... .92% .92% .91% .91%
•Nominal.
CHICAGO CASH GRAIN.
CHICAGO. April 5. —Wheat—No. 1 hard
yellow, $1.34%; No. 3 hard yellow, $1 27%.
Cern—No. 2 mixed, 56%ci570; No. 2 white,
57c; No. 2 yellow, 57(357%: No. 3 tnix.'d.
5.Vu>55%0: No. 3 white, 55((t36',c; No. 3
yellow. 55%@3(4%c: No. 4 mixed, 53%4$
54c; No. 4. yellow, 54%c. Oats —No. 2
white, 35% ((737'j0; No 3 white, 35(q.
36%c; No. 4 white, 34',(g35%c.
TOLEDO SEED AND GRAIN.
TOLEDO. April s—Cloverseed —Cash,
$14.50: April. $13.35; October, $11.23. At
stke—Cush. $11.50. Timothy Cash, $2.95;
Mav, $3 00; .September. $3.30; Octoi.er.
$3.25. Wheat—Cash. $1.38©T.40; May,
$1.38; July, $1.21. Corn Cash. i11©.62c.
Oats—Cash, ll'ii 13c. Bye—Cash, 99c.
Barley—Cash, 07c.
PRIMARY MARKETS.
(By Thomson & McKinnon)
—April 5
—Receipts—
Wheat. Corn. Oats.
St. Joseph... 5,000 10,000
Chicago 30,000 352,000 181,000
Milwaukee ... 1,000 37.000 49.<HM>
Minneapolis . 142,000 24,000 35,000
Duluth 41,000 19.000
St. Louis 49,000 78,(5H1 54,000
Toledo 4.000 5,000 16.000
Detroit 8,000 4,000 2,000
Kansas City. 266,000 66,000 32.000
Peoria 22,000 27.000
Omaha 28,000 64.000 38.000
Indianapolis... 3,000 17,009 10,090
Totals 577.000 698.000 447,000
Year ago... 861,000 524,000 412,000
Shipments—
Wheat. Corn. Oats.
St. Joseph.... 11,000 34,000 14,000
Ciilcago 20,000 1)9,000 98,000
Milwaukee ... 1.000 62.000 52,000
Minneapolis . 81,000 18,000 100,000
Duluth 46,(MM)
St. Louis 45,000 68,000 67,000
Kansas City. 257,(KK) 35,000 19.000
Peoria 1.000 14,000 36.000
Omaha 95,000 95,000 32.000
Indianapolis 10,000 20,000
Totals 557.000 4 85,000 443.000
Year ago... 651,000 291,000 491,000
—Clearances—
AVheat. Corn. Oats.
Philadelphia 130,000
New Orleans. 87,000
Totals 87.000 130,000
Year ago... 532,000 148,000
INDIANAPOLIS CASH GRAIN.
. —April 5
Bids for ear lots of grain and hay at
(ho call of the ludianapolis Board of
Trade were:
Wheat—Easier: No. 2 red. sl.3B<fi! 1.39.
Corn —Easier: No. 3 white. 59©60c: No.
4 white, 58©58*Ao: No. 3 yellow. 58%©;
59c: No. 4 yellow, 57%©35c: No. 3 mixed,
57 Zi ©,5Se ; No. 4 mixed, 56Vi©,57c.
flats —Easier: No. 2 white, 39@41Vic;
No. 3 white. 36%@38e.
Hay—Steady: No. 1 timothy, $18.50© 19;
No. 2 timothy, slS©-5.50: No. 1 light clo
ver mixed, $17.50@15; No. 1 clover, sl9
©2O.
—lnspections
Wheat—No. 1 red, 1 car; No. 5 red,
1 car; total, 2 cars.
Corn —No. 1 white, 1 car; No. 4 white.
2 cars; No. 3 yellow, 1 car; No. 4 yel
low, l car: No. 5 yellow, 4 car; No. 3
mixed. 2 cars; No. 4 mixed. 1 oar; No.
5 mixed, 1 car: total, 10 cars.
Oats —No. 2 white. 1 car; No. 3 wtiite,
2 iars; No. 4 white. 4 cars; No. 2 mixed,
1 car: total. 8 cars.
Hay—No. 1 timothy, 1 car.
lIAY MARKET.
The following are the Indianapolis
prices for hay by the wagon load, deliv
erfla’y— Loose timothy, $17@18; mixed
hay, $16©17; baled hay, sl7@lS.
Oats—New, per bushel. 42©44c.
WAGON WHEAT PRICES.
Indianapolis Hour muts 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 red winter.
WHOLESALE BEEF PRICES.
The following are today's wholesale
prices for beef cuts as sold on the In
dianapolis markets of Swift & Company:
Bibs—No. 2,20 c; No. 3,15 c. Rounds —
No. 2,15 c; No. 3, 1-ic. Loins —No. 2,24 c;
No, 8,18 c, Cnuck*—No. 2. 10c; No. 3, Oc
Plates—No. 2, 7 c; No. 3, Oc.
SWINE REGISTER
SHARPADVANCES
Cattle Values Steady to Strong
—Veals Higher.
RANGE OF HOG TRICES.
Good Good Good
Mar. Mixed. Heavy. Llyht.
I'S . $10.25 @ 10.40 ?9.85@10.15 $10.50@10.60
29. 10.15©10.35 9.75@10.00 10.40 @ 10.50
30. 10.15@10.40 9.55@10.10 10.40@>10.60
31. 10.35@10.40 10.15@10.35 10.80@10.75
April
1. 10.20@10.30 9.85010.15 10.40@10.50
3. 10.25 @ 10.40 10.00@10.25 10.50@10.60
4. 10.25@10.40 10.00@10.35 10.50@10.(i0
5. 10.50@10.75 10.25 @ 10.50 10.75@10.85
With demands by both shippers and
packers good and receipts fair at only
5,500, swine prices were 15 to 25 cents
higher in trade on the local livestock ex
change today. Prices were, however, 25
cents higher mostly.
Trading was fairly active and the
bulk of the receipts had been sold be
fore the close of the late forenoon hours
Light swine brought 510.75fiJ10.85 and
the bulk of the sales for the day ranged
at $10.00(7710.75. Values ruled within a
rather narrow range, with but few heavy
swine on the market.
Cattle values were steady generally,
but there were a few strong spots in 'he
steer and bull markets, as there were a
similar number of weak spots in the sales
of canners and cutters.
Receipts for the day were rather light
at close to 700 and packers displayed
good demands.
Trading was fairly active during the
forenoon hours and a good clearance for
the day was anticipated.
Veal prices were sharply higher, ad
vances of $1(771 50 being made. These
higher values were due principally to
higher values on Eastern markets, which
in turn is the result of the approaching
Easter holiday.
Receipts for the day were fair at GOO.
The demand far exceeded the supply.
Choice veals brought a top of $11.50.
but the bulk of that grade sold at $10.50
@ll.
With 100 sheep and lambs on the mar
ket prices were steady.
HOGS.
100 tolßo lbs. average $10.75@10.55
(>ver 300 llis 10.00© 10.25
130 to 300 1! s 10.50® 10.85
Rest pigs, under 110 lbs 9 25(610.75
Top 10.85 ....
Roughs 7.75(77 O.ut)
Br(i2.s ri.2sfi/ 7.2,i
Bulk of sales 10.60@10.75
—Cattle-
Prime corn-fed steers, 1,000
to 1,800 lbs 7.00® 8.00
Good to choice steers 1,200
to 1,300 ibs 6.50® 7 00
Good to choice steers, 1,100
1,200 lbs 5.75® 6.35
Good to choice steers, 1,000
to 1.100 Ibs 5.50® 5.75
Common to medium steers, 800
to 1.800 lbs 5.25® 5.50
—Cows and Heifers—
Good to choice heifers 7.50® S.OO
Medium heifers 6.50% 7.35
Common to medium heifers .. 5.00® 6.00
Good to choice cows 5.25® 6.50
Fair to medium cows 3.50® 4.50
Canners 3.00® 4.25
Cutters 2.25® 4.00
> —Bulls—
Fancy butcher butts 5 50 ® 6.00
Good to choice butcher bulls . 4.50® 5.50
Bologna bulls 3.73 i 4.25
Light Bologna bulls 3.00® 3.50
Light to common bulls 2.75® 3.50
—Calves—
Choice V' .'is 10.50® 11.59
Good v al* '' ■' 19 5 '
Medium \cais 8.50® :>.st)
Lightweight veals T.'Ofij 81*'
Common to heavyweight veals 6.00® 7.00
—Stockers and Feeders—
Good to choice steers under
800 lbs 5.75® 6.75
Medium cows 2.25® 3.75
Good cows 3.50® 4.50
Goo 1 hi If.-rs 5.25® 6.50
Medium to good heifers 4.00® 5.00
Milkers 33.00®85.00
—Sheeps and Lambs—
Cull ewes 2.25® 3 60
Good to choice ewes 5.56® 800
BiK'4.3 2.50® 3.50
Clipped iambs 8.50(910.00
Wool lambs 12.00@15.00
Seconds 60Q@ 8.00
Buck Lambs 5.50® 6.50
Culls 3.00® 5.00
Other Livestock
CHICAGO, April s.—Hogs—Receipts,
12,000; market active and 10@20c higher;
bulk of sales, $10.15@10.G5; top, $10.75;
heavies, $10.20© 10.45; mediums, $10.3-5©
10.70; lights, $10.5.5© 10.75; light lights,
810.5.5© 10.70; heavy packing sows, smooth,
$9.40©:9.75; ptrvking sows, rough, $9.20©
9.5.0; pigs. s.Bs© 10.50. Cattle—Receipts’.
8,(MM); market steady to strong. Beef
steers—Choice and prime. $5.75@9.40,
! medium and goml, $7.45© 8.7.5; good and
choice. $s 15© 9 85; common and medium,
$660©8.15. Butcher cattle- Heifers, $5.55
©8.25; cows, s4.so©':" 55; bulls. $4©;0.23.
f anners and cutters Cows and heifers,
$3.25©:4 50; calmer steers, $4.25©5.25>;
veal calves, light and handweight, $6.50
@9; feeder steers, $5.40©.7,35; stoeker
steers, $5.25©,7.23; stacker cows and
heifers, $4©’5.25. Sheep and lambs—R<—
ceipts, 8,ooo; market strong to 25 cents
higher; goo (lto choice lambs, $13.50©
16.50; culi and coilimon lambs. $10.75©!!;
yearling wethers, sl2©: 14.73; ewes, $7,25©
10.75; cull and common ewes, $3.50©7;
feeder lambs, $11.75© 15.75.
CINCINNATI, April s.—nogs—Re
ceipts, 3,500; market, 15 to 25e higher;
heavies, mixed and mediums. $10.85:
: lights, $10.75: pigs, $10: roughs. $8.50;
stags. $5.50. Cattle—Receipts, 1.100; mar
ket. strong; Hulls, steady; calves, $10.50.
Sheep and hubs —Receipts. 800; market,
steady: ewes, $7.50; clipped ewes, $5.50;
wool lambs, sl6; dipped lambs, sl4;
springers, S2O.
EAST BUFFALO. April s.—nogs—Re
ceipts, 1.500; market, active; yorkers,
$11.15©11.35; pigs, $11.15© 1133; mixed,
sU©li.2s; heavies, slo.sd©ll; roughs,
s9© 9.25; slags, $4©5.50. Cattle —Re-
ceipts, 50; market, steady. Calves—Re
ceipts, 100; market, active; cull to
choice; sß©ll. Sheep and lambs—Re
ceipts, 1.800; market, active: choice
lambs, sl6© 16.25; cull to fair, $5@15.75;
yearlings, sß© 13; sheep, s2@l3.
CLEVELAND. April s.—Hogs Receipts,
2,500; market, 25 cents higher generally;
yorkers, mixed mediums and rigs,
$11.25; roughs, $8.50; stags, $5.30. Cat
tle—Receipts. 330; slow steady. Sheep
and lambs —Receipts, 1,000; market, ac
tive and steady; top. sl4. Calves—Re
ceipts, 350; market, $2 higher; top, sll.
EAST ST. LOI’IS, April 3.—Hogs—Re
ceipts, 9.500; market, 10 to 15 cents
higher; mixed and butchers, $10.50© 10.70;
good heavies, $10.25© 10.75; roughs, $8.75
©9: lights, $10.50© 10.65: pigs, $9.15©
10.50: hulk of sales, $10.55@10.65. Cattle—
Receipts, 2,000; market, steady; native
beef steers, $8.25©0.10; yearling steers
and liclfers, $7.50©9; eows,_ $3@6.30;
stoekers and feeders, $1.50© 7.50; calves,
$3.75©9; eanners and cutters, $2.75©3.50.
Sheep and lambs—Receipts, 1,000; mar
ket, steady; mutton ewes, SS©9.SO; good
to choice lambs, $8@15.73; eanners and
choppers, s2© 5.
PITTSBURGH, April s.—nogs—Re
ceipts, 1.600; market, steady; prime
heavies, $10.60© 10.75; mediums, $11.20;
heavy yorkers. $11.20: light yorkers, sll©'
11.25; pigs. sll© 11.23; roughs, $8(88.75;
stags. $5©3.25. C’atle —Receipts, extreme
ly light: market. steady generally;
choice. $8.75© 0; prime, $8.25© 8.5(1; good,
$7.75©6: tidy butchers. $7.30©.7.75; fair,
$6.25©7.25: common. ss© 6 common to
good fat bulls. s3© 6; common to good
fat cows, s2©'6; heifers, $5©7.25; fresh
cows and springers, $35©73: veal calves,
$10.50; heavy and thin calves, $5.50©7.50.
Sheep and lam' s—Receipts, 500; market.
15c lower; prune wethers, $5.35©8.85;
good mixed, $76G@8.10; fair mixed, $6.85
©7.35; culls and commons, s2@4; choice
lambs, $14.25.
INDIANAPOLIS PRODUCE.
Eggs—Fresh, 21@22c. Buter—Packing
stock, 14@15e. Poultry—Fowls, 17@22c;
broilers, l 1 /-* to 2 lb. size, 50c; leghorn
broilers, at discount; cocks, 15@ 14c;
young hen turks, 8 lbs. and up 34©35c;
young tom turks, 12 lbs. and up, 33@35c;
old tom turks, 28©30e; cull thin turkeys
not wanted; ducks, 4 lbs. and up, 15@T0;
geese, 19 lbs. and up. 13© 14c: squabs, 11
llis. to dozen, $5.50©6.00; old guineas, per
dozen, $3.
Butter—Local dealers are paying 38©
39c per lb. for butter delivered in In
dianapolis.
Butterfat—Local dealers are paying 36c
per lb. for butterfat delivered in Indian
apolis.
Corn—New, per bushel, 60®65c.
Corn—Old, per bushel, OOffiKSc.
Local Curb Marked
I .
(By Newton Todd.)
—April 5.
Bid Ask
Am. Hominy Cos 10 16
Central and Coast Oil % ...
Choate Oil Corp % %
Citizens Gas Cos. pfd 90 96
Commonwealth Fin. Com 30 36
Commonwealth Fin. pfd 41 48
Columbian Fire Ins. Cos 6 7%
Comet Auto % 2
Dayton Rubber Units 44 54
Dictograph Prod, pfd 30 38
D. W. Griffith 3% 7%
Elgin Motor Car 2 3%
Fed. Fin. Cos. pfd 77 87
Fed. Fin. Cos. com 124 132
Gt. Sou. Prod. & ltef 5% 7
Goodyear T. & li. com 10 12
Goodyear T. & R. pfd 30 38
Metro, 5-10 e Stores com 3 7
Metro. 5-10 e Stores pfd 19 27
Nat. Underwriting 2% 5
Revere Motors % %
Rauch & Laug Units 20 32
Rub. Tex. Units 10% 15%
Stevenson Gear Units 15 21
U. S. Auto Units 47 57
U. S. Mfg. Cos. Units 138 152
BANK STOCKS.
Commercial Nat. Bank 74 83
Cont. Nat. Bank 103 116
Ind. Trust Cos 175
Ind. Nat. Bank 200 270
Mer. N'at. Bank 282
Security Trust Cos 130
State Sav. & Trust 93 99
Union Trust Cos 300 ...
Wash. Bank & Trust Cos. .. 150
NEW YORK TURPENTINE.
NEW YORK, April 5. —Turpentine sold
at 86c per gallon ;n trade on the market
here today.
■ a ß n u d Y Unlisted Stocks newton
SELL See Local Curb Market. 415 Lemcke Bldg. TODD
Statement of Condition
OF THE
Providence
Washington
Insurance
Company
PROVIDENCE, R. L
20 Market Square.
ON THE
31st Day of December, 1921
J. B. BRANCH, President.
A. G. BEALS, Secretary.
Amount of capital paid up... .$1,000,000.00
NET ASSETS OF COMPANY.
Cash In ! inks (on interest
a..a not u:i interest) $ ,772.082.03
Real estate unincumbered .... 100,000.90
Bonds and stocks owned
(market value) 7,373,389.50
Accrued securities (interest
and rents, etc.) 42,125.49
Premiums and accounts due
and in process of collection. 1,031,944.63
Accounts otherwise secured... 142,010.22
Total net assets $9,402,442.87
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
r j s k s $4.0.6,498.50
1. rsscs due and unpaid 1,320,813.73
Other liabilities of the com
pany
Total liabilities $5,621,678.50
Oioiti 1 1,000,000.00
Surplus 2.840,764.37
Total $9,462,442.87
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned, Commissioner of In
surance of Indiana, hereby certify that
tlte above is a correct copy of the state
ment of the condition of ttie above men
tioned company on the 31st day of De
cember, 1921. as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April. 1922.
T. S. McMURRAY. JR.,
Commissioner.
Statement of Condition
OF THE
Phoenix
Assurance
Cos. Ltd. of
London
NEW YORK, N. Y.
100 William St,
ON THE
31st Day of December, 1921
PERCIVAL BERESFORD, U. S. Manager.
HOWARD TERHUNE, Secretary.
Amount of deposit capital ? 400,000.00
NET ASSETS OF COMPANY.
Cash in banks (on interest and
not on interest) $ 315,555.64
Bonds and stocks owned
(market value) 4,976,696.00
Accrued securities (interest
a ltd rents, etc.) 70,237.70
Premiums and accounts due
and in process of collection. 1,396.258.02
Accounts otherwise secured... 18,677.39
Total net assets $6,777,754.75
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risk.; ....$3,617,661.09
Losses due ami unpaid 176,748.10
Losses adjusted and not due. 291.255.00
Losses unadjusted and in
suspense 39,273.00
Bills and accounts unpaid... 120,010.25
Total liabilities $4,244,979.44
Deposit capital 400,000.00
Surplus 2,132,775.31
Total $6,777,754.75
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned, Commissioner of In
surance of Indiana, hereby certify that
th e above is a correct copy of the state
ment of the condition of the above men
tioned company on tiie 31st day of De
cember, 1021, as shown by tbc original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April. 1922.
T. S. McMURRAY, JR.,
Couiaissioaer. .
APRIL 5, 1922.
//0°O(7 \
i(M)
We Own, Offer and Recommend
A New 6V2%
Tax Exempt Issue
Secured By
Indianapolis Real
Estate
SIOO Each
Exempt from Federal Normal In
come Tax and all taxes in In
diana, including state, county,
municipal and local taxes.
Yielding the Investor
6%% Interest.
Fletcher American
Company
2nd Floor Fletcher American Bank Blcg.
INDIANAPOLIS
Chicago Detroit Louisville South Bend
Prilatc Wire to Principal Markets
Statement of Condition
OF THE
Minneapolis
Fire & Marine
Ins. Cos.
MINNEAPOLIS, MINN. T&WT
419-429 Second Ave. South. JJvl
ON THE
31st Day of December, 1921
FRED C. VAN DUSEN, President.
WALTER C. LEACH, Secretary.
Amount of capital paid up....$ 200,000.00
NET ASSETS OF COMPANY
Cash in banks (on interest
and not on interest) $ 103.955.45
Bonds and stocks owned
(market value) 555.657.00
Mortgage loans on real es
tate (free from any prior
incumbrance) 240,050.00
Accrued securities (interest
and rents, etc) 15.454.32
Premiums and accounts due
and in process of collection. 83,497.10
Total net assets $1,031,076.93
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks $ 550.665.07
Losses adjusted and not due. 6,906.64
Losses unadjusted and in
suspense 61,222.00
Bills and accounts unpaid... 39,200.00
Other liabilities of the com
pany 20,000.00
Total liabilities $ 677.906.71
Capital 200,000.00
Surplus 153.650.22
Total $1,031,676.93
Greatest amount In any one
risk 25,000.00
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned, commissioner of in
surance of Indiana, hereby certify that
the above is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember. 1921, as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April, 1922.
T. S. McMURRAY, JR.,
Commissioner.
Statement of Condition
OF THE
Rhode Island
Insurance
Company
PROVIDENCE, B. I.
17 Custom House St.
ON THE
31st Day of December, 1921
GEORGE L. SHIPLEV, President.
EMIL G. I’IEPER, Secretary.
Amount of capital paid up....$ 600,000.00
NET ASSETS OF COMrANT.
Cash in banks (on interest
and not on interest) $ 254,663.98
Bonds and stocks owned
(market value) 2,368,210.50
Accrued securities (interest
and rents, etc.) 18,604.48
Reinsurance due 57.955.64
Refund taxes account re
insurance treaty 1,436.95
Premiums and accounts due
and in process of collection. 447,995.76
Accounts otherwise secured.. 300.00
Total net assets $3,179,197.29
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks $1,656,402.5*
Losses due and unpaid, losses
adjusted and not due, losses
unadjusted and in suspense. 195.455.50
Otier libalities of the com
pany 202.535.60
Total liabilities $2,057,726.93
Capital 600,000.00
Surplus 521,470.36
Total $3,179,197.29
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned, commissioner of in
surance of Indiana, hereby certify that
the above is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember, 1921, as shown by the original
statement, and that the said original'
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal this Ist day of
April, 1922.
T. 5. JIciIURKAT, JR..
Coamissione*.