Indiana daily times. [volume], April 12, 1922, Home Edition, Page 12, Image 12

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

Image provided by: Indiana State Library

                
12
STEEL STOCKS v
MOVE SLOWLY
IN TURNOVER
Spurts of Spirited Buying in
More Than Million
Transfers.
BULLISH INDUCEMENTS
Special to Indiana Dally Times
and Philadelphia Public Ledger.
By MONITOR.
NEW rORK, April 12.—Although t’-'re
was a moderate diminution in the vol
ume of transactions, Tuesday's market
was on a relatively broad scale with the
total turnover well in excess of a million
and a quarter shares. With the excep
tion of a few intervals of comparative in
activity, business was brisk with occa
sional spurts of spirited buying. It was
probably no more than to be expected
that the demand for the steels should
fall off in consequence of current mis
givings over the prolongation of the coal
strike and its effect upon the industry.
Tin reports of friction at Genoa do not
appear to haTe exerted much influence on
sentiment.
In fact, the strongest inducement for
bullish operations appears to be presented
by the action of the market itself. An
upward tendency is still apparent and
there are few indications that it is >e
coming jaded as a result of the recently
accelerated pace.
The strongest features of today's mar
ket were furnished by the oils, motors
and a wide list of specialties. Both
Royal Dutch and Pacific Oil went to new
high levels, the latter making a record
for ail time. Mexican Petroleum crossed
134 on heavy trading. The demand for
the oil shares has been accentuated by
fears that the coal strike might become
prolonged.
Studebaker and Chandler, as usual, led
the motors. Steels and rails fluctuated
within narrow limits and there appeared
to be a willingness on the part of b ld
ers of steel shares to take proflts c le
bulges.
There were some rather striking moves
in the specialties, with Loose-Wiles up
more than flve points, Stromberg up five,
while good advances were scored by
American Bosch Magneto, Computing,
Tabulating and Recording. Electric Stor
age Battery, Peoples Gas and I'nited
Alloy Steel.—Copyright, 1922, by Public
Ledger Company.
j WALL STREET GOSSIP
BY MONITOR.
NEW TORIv, April 12—Studebaker
and Chandler turned upward again yes
terday, and it is probable that bear
traders are the worse for the movement.
Much of the buying just below 120 in
Studebaker is supposed to have been
of stop orders placed by shorts
who were playing for a reaction. Chand
ler is holding its place at a proper in
terval below Studebaker, but shorts in
this issue are growing more wary
despite the general impression that the
present market for Studebaker is all that
the stock justifies.
Otis Steel, moving above 16. anew high
for the year, is acting as generally ex
pected in the market. The pool behind
this stock, basing calculations on the
avorable sentiment in the market for
teels. Is further encouraged by the
fact that March tonnage handled by this .
company was the heaviest for any month j
in more than a year.
Union Bag and Paper is to take ad
vantage of the present easy money mar
ket conditions to raise long time work
ing capital and Is planning to issue
$13.0(0.000 in bonds for this purpose,
although only about half t>f this amount
is expected to come out at this time.
Mexican Petroleum appears headed to
ward another of its own peculiar trad
ing swings, and commission houses here
with large market followings are warn
ing of the danger of fighting the move
ment.
Although Stromherg Carbureter earn
ings for 1321 were very much below
those for the preceding year, the stock
is now joining in the general motor and
motor accessory advances. One large
stock exchange bouse with many
branches is reputed to te? taking the lead
la the Stromberg buying.
American Writing Paper is much talked
of as one of the stocks which should
soon benefit from the general business
revival throughout the country Tne
mills of this company are now thought
to be operating at about 80 per cent
of capacity as against li.o thau 00 per
cent at the beginning of the year.
Railroad earning reports issued Mon
day included Rock Island earning at the
rate of $2.33 per share on Ihe common
stock, aud Northern Pacific with net
earnings of *22.005,333, as compared with
$19.004,153 in 1920.
Expectations of an extra dividend on
Woolworth were used as a buying argu
ment on May Department Stores today,
thia advice being sent out by at least
one prominent Broadway house.
Texas Company is somewhat of a dis
appointment to its followers because of
ita comparative inactivity. Inasmuch as
Texas Company depends upon its large
foreign business for a good deal of its
earnings, the only items of importance in
the immediate future of the company,
which would Justify bullish operations,
/ire the pol/ntial possibilities of the sul
phur contract entered into with the Free
port Texas Company to operate the Hos
kin Mound Sulphur deposits. As the
contingent royalty received by Texas
Company will amount to 50 per cent of
the net profits until the operating com
pany has received its original investment
back and from there on 70 per cent this
contract offers possibilities of the kind
needed in a bui! market. On the other
hand, with a book value of slightly more
than $37 per share, and bearing in mind
the fact that the dividend disbursements
for 1321 called for just about twice VWhat
the company earned during tb year,
traders are of the opinion that ’ xas is
doing all that could be asked f It in
maintaining its pr< sent position.
John D. Ryan, chairman of the board
of the Anaconda Copper Company, is
sending* a personal letter to the 40.000
stockholders of the company urging them
to do their utmost in promoting a more
general use of copper metal. Mr. Ryan's
thesis is perhaps samned up in his dos
sing paragraph: ‘Tc-iividnal effort along
* these lines might not count for much, but
if 40.000 of us go to work at it, we are
hound to get results that will show in
conditions in the metal market aud in
the earnings of the company.”
Shipping and Allied shares are coming
in for a bit of attention now. and it is
■egarded as significant here that the 7
per cent bonds, as well as the stock of
the Atlantic Fruit Company, are selling
in new high ground for the year, with
trading rather active. Fears of an as
,i .eii, on the stock have been allayed,
•tnd it is believed probable that the pro
tective committee handling the bonds,
now in default, should soon make public
a reorganization plan. Among various
rumors in circulation concerning Atlan
tic Fruit, is one that German shipping
interests are seeking control of the com
pany.
In securing the contract for the man
ufacture of frames for the Durant Motors
Company, Parish and Bingham are now
in the positicn of furnishing more than CO
per cent of the entire volume of frames
used in the motor industry—Copyright,
1022, by Public Ledger Company.
CHICAGO PROnrCE.
CHICAGO, April 12.—Butter—Receipts,
fi.042 tubs; creamery extras, 35'2c; stand
ards. 35c; firsts, 32®34%c; packing stock,
16® 18c. Eggs—Receipts, 24,508 cases:
current receipts, 22%@23c; ordinary
firsts. 21%@22e; firsts, 23%@23%c;
checks, 20c; dirties. 20%@:29%c. Cheese —
Twins, new, 17@17%c: Daisies, 16® 16%e;
Young Americas, 18%@19c; Longhorns,
17@18c; Bricks, 14@14%c. Live poultry
—Turkeys, 30c; chickens, 25c: springers,
, 30c: roosters, 19c; geese, 18c; ducks, 30c.
N. Y. Stock Exchange
(By Thomson & McKinnon.)
—April 12— Prev.
High. Low. Close, close.
Adv-Rum. com. 18 18 18 17%
Ajax Rul her.... 17Vi 10% .5% 16%
Allied Chemical 08 07% 67% 07%
Allis Chalmers.. 49% 48% 48% 48%
Am. Beet Sugar 42% 40% 41% 41%
Am. B. Magneto 48% 47% 47% 48%
Am. Can 49% 45% 48% 49%
Am. C. A Fdy..162% 161 101 100
Am. Ice 107 107 107 107%
Am. HAL pfd. 71% 70 70% 70
Am. Inter. Cor. 47% 45% 45% 4b
Am. Loco 110 112 116 112
Am. Steel Fdy.. 39 58% 38% 38%
Am. Stn. A Ref. 59% 57% 57% 59
Am. Sugar Ref.. 75% 72% 73% 72%
Am. S. Tob. Cos. 34% 32% 33 32%
Am. Tel. A Te 1.120% 120% 120% 120%
Am. Tobacco.... 140% - 159% 140 138%
Am. Woolen 90% 88% S3 88%
Anaconda 53% 52% 52% 53
Atchison 98% 98% 98% 98%
At. Coast Line.. 95% 97% 97% 97%
At. Gulf AW. I. 34% 33% 33% 33
Austin Nichols.. 26% 25% 25% 2<>%
Baldwin L0c0...117% 115% 116% 115%
B. A 0 46% 45 45% 46%
Beth. Steel (B) 77% 78% 78% 79%
Brook. R. Trans. 227s 21% 21% 21%
California Pete.. 56% 55 55 55%
Canadian P. R.. 141% 140% 140% 140%
Central Leather 40% 39 39% 39%
Chandler Motor 78% 77 77 78
C. A 0 65% 64% 64% 04%
CM A St. P com 24% 23% 237s 24%
CM A St. P pfd 41% 40% 40% 41
Chi. A- North... 74% 73% 73% 73%
Chi. It. I. AP/ 46% 45% 45% 46
C RIA I’ 6pct p 81 % 81 81 81
C R 1 A I’ 7pet p 96 96 96 95
Chili Copper 18% 18 18 18%
Cluett A X* 54% 52% 52'% 54%
Chino Copp°r... 29 2S 28 28%
Columbia Gas... 84% 83% 83% 84%
Coca Cola 49% 49 49 45%
Col. F. A Iron.. 33% 32% 33 33
Consol. Gas. ..110% 109 109% 108%
Contin. Can 68 67 67 % 00%
Corn Products..lo4% 102% 102% 103‘j
Crucible Steel... 66 64 64 64
Cub. Am. Sugar 23% 23% 2374 23%
Culi. Cane Sugar 16% 15% 16% 13%
Del. A Lack.... 115% 115% 115% Uo%
Dome Mines.... 25 25 25 25
Erie 13% 12% 12% 13%
Erie Ist pfd.... 21% 20% 21 21%
Endicott A J... 84_ 83% 84 83%,
Famous Players 72% 71% 7174 <2%
Fisk Rub. C 0... 17% 16% 17 16%
Geu. Asphalt.... 66 03% 047s 63%
Geu. Cigars 74 737s 74 73%
Gen. Electric.. .164% 162 104% 162
Gen. Motors.... 13 12% 12% 13
Goourich 41 39% 39 '4 39%
G. Nor. pfd.... 74% 74% 74% 74%
G. Nor. Ore 45 43% 44% 44%
G. States Steel... 85% 82% 83% 83%
Ilupp 17% 17% 17% 177s
Houston Oil SO% 79% 79% 79%
111. Central lok 1n7% 108 107%
Inspl. Copper.... 41% 41’i 41 (* 41%
Inter. Harvest.. 96 96 96 96
inter. Nick M.... 17% 17% 17% 17Vi
Inter, l’aper 4974 48% 48% 48
Invin. Oil 18% 18% 187s 18%
K. C. Southern.. 27% 27 27% 27%
K-S. Tire 48% 47 47% 40.8,
Kenn. Copper.. 31% 30% 30% 30%
Lai k Steel 56% 54 % 54% .>•>
Lee Tire 34% 32% 34 3274
Lltun Loco. ...114% 112% 113% 112%
Lehigh Valley .. 03% 02% 02% 03%
L. £ N 117 117 117 110%
Loews, Inc 16% 1574 16% 15%
Martin Parry .. 30% 28% 30% 28-s
Marine com 19% 18% 19 I s %
Marine pfd. ... Ht% 78% 75% 7874
Mav Stores 12,: 11774 117% 119%
Maryland 0i1... 28 28 28 28
Mex. Pet 134% 130 1303; 133
Miami Copper . 29% 29% 29% 29%
Mid. States Oil. 14% 11 14 14%
Midv. Steel .... 30% 36 36 3.>%
Mis. I’ao. Rv... 21% 24 24 24%
Mis. Pac. pfd... 58% 5774 57*4 oN .
Mont. A Ward. 19% 18%
Nev. Copper.... 16% 15% 157s 15%
N. Y. Air Brake 75 75 75 71
N. Y. Central . 88% 87% 87% 88%
New Haven ... 22% 20% 22 2074
Norfolk A W. ..105% 105 105 105
North. Pacific.. 70% 70 70 7,%
O. I*. A It. Cos.. 27j 2% 2% 2%
Owen B. com... 35% 32% 52% 32
Pacific Oil .... 58 56%. 50% .>7%
Pan. A. petro.. 64% 6274 62% 04%
Pc mm. By. ... 42% 42 Vi 42% 42%
People's Gas .. 85 84% 84% 84%
Pere Mar 29% 29% 29% 29%
Pierce Arrow .*22% 20% 21% 207*
Pierce Oil Cos.. 9’* 97s 9% 9
Pull. Pal. Car .125% 123% 124% 123%
I’ure Oil •‘•4% 337* 357, 33%
Ry. Steel S. ~.1<H8% 10074 loti'-, 99%
Reading 78% T 7% 77% 78'%
ltep. iron A S.. 587s 36% 50% 57%
Rep. Steel 34% 35% 33% 34'%
It. D. of X. Y. 64% 03 64 0474
Sears-Roebuck . 75% 747'* 74% 74%
Sinclair 20% 25% 20% ‘25%
Superior Steel . 37* . 377* 37 7* 38
S-S. S. A 1 45% 45 457-4 46
So. Pacific 90 8.8 88 89%
Southern 1tv.... 24% 23% 23% 23%
St.L. A B.W.lty. 30% 29 29 % 30%
Stand.O. of Cal. 97% 97% 97% 97%
Stand.o. of X.. 1.178% 175% 175% 175
St.L. A S.F.com 30% 29% 29% 30%
Stew. A Warner 41 39% 39% 4074
Strom. Carb. 59% 56 58
Studebaker ....122 118% 118-% 120%
Tex. G. A Sul.. 43% 41% 417s 43
Tex. Coal A Oil. 28% 2774 28 27%
Texas Cos 46 44% 45 45%
Texas A Pacific 34% 347* 347* 34'%
'1 oit. Prods 65% 64 65 63%
Tarns. Oil 10 9% 97s 9%
Union Oil 19% 18% 19 18%
Union Pacific. .137 136% 136% 137
I'nited Drug... 70 70 7" 69%
I'nited Fruit...l43 142 142 143%
U. S. Ret. Strs.. 49 48% 49 48%
U S Cstlrn Pipe. 37 36 % 36% 36%
U. S. led Alto. 46% 46% 46% 46%
U. S. Rubber.. 65% 03% 65% 637*
U. S. Smelting. 38% 3S 35% 29
T\ S. Steel 99% 98 98 98%
i U. S. Steel pfd. 117% 117 117 117%
! Utah Copper... 66% 65% 65% 66
Vanadium Steel 44% 427* 427* 43%
Wat ash 9% 9% 9%
Wabash Ist pfd. 31 % 30% 30% 31%
Worth. Pump.. 53 52% 52% 53%
Wilson A C 0... 4274, 41% 41% 41%
Wcsths. Electric 63% 62% 62% 62%
White Motors.. 44% 43% 44% 43%
Willys-OvcrlanU 8% 8 87, 8%
White Oil 10% 10'% 10% 10%
Wisconsin Cent. 29 23 29
Woolworth ...16478 160 10(1 162%
CHICAGO STOCKS.
(By Thomson & McKinnon.)
—April 12-
Open. High. Low. Close.
ArmourCn. ofd. 96% 90"s 96% 96%
Arm. Leather... 12V*
Ar. Leatherpfil MV* 85 84% 85
Cudahy 67
Com. Edison ...132% 132 Vi 132 132%
Cont. Motors.... 8 8 8"* 8
Deere&< o. pfd.. 71 *8 72 71 Vm 72
Eari Motors.... 4 4 3% 4
Libby-McNeill... 2% 2% 2% 2%
Mont. & Ward.. 19% 19V* IS'-; 18%
Nat. Loath, new 11) 10 9% 9%
Pick A Cos 27% 27% 27% 27%
I’igglyYViggly A4" 48 44% 44%
Quaker Oats.... 9-7%
Iteo Ylotr 25
Stew. Warner.. 40% 40% 4040
Swift & Cos 102 102% 102 102%
Swift Inti. 20 20% 10% 20
Thompson(.l It) 47 40% 47 40
Torntor Corn A.. 2% 2% 2% 2%
T T .Car.& Car Ik>. 38 38 57 % 37 %
Wahl r,~K 09 07 % 68%
Wrlglev 103%
Yellow Taxi 70 70% 79 79
In the Cotton Market
NEW YORK. April 12.—The eotton
market was 1 to 5 points lower at tlie
opening today, but tiie tone was steady.
Business was much heavier than in
some days ind included Wall Street, spot
houses and the South ns sellers.
Japanese interests, local trades ana
et mmissior concerns bought.
New York opening cotton prices: May,
17.70 e: July. 17.270: October. 17.12 c; Do
eember, 17.10 c; January, 17.03 c; March,
17.01 c.
The market was barely steady in the
late dealings, closing at a net decline of
2 to 7 points.
—Cotton Futures—
Open High Low Close
January 17.05 17.08 17.03 17.04
March 17,01 17.01 17.00 111.98
May 17.70 17.74 17.05 17.00
July 17.27 17.30 17.24 17.29
October %.12 17.18 17.10 17.13
December 17.10 IM7 17.09 17.10
LIYERPOOL, April 12.—Cotton was in
moderate demand during initial trading
yesterday. Prices were easier and sales
around 10,000 bales.
American middlings fair. 11.78d: good
middlings, 10.70d ; fully middlings. 10.40d ;
middlings. 10.31 U: low. 9.31d; good ordi
nary, 8.70d; ordinary, 8.26d.
Futures were steady.
WHOLESALE BEEF PRICES.
The following are today’s wholesale
prices for beef cuts a* sold by the In
dianapolis market of Swift & Cos.:
Ribs—No. 2. 20c; N#. 3.15 c. Loins—
No. 2. 30c; No. 3. 20% Round—No. 2,
17e: No. 3,15 c. CbuckV~ No - 2 ’ 10c : No.
8,9 c. Plates—No. 2. : No. 3,6 c.
STOCK MARKET
TONE IRREGULAR
Studebaker Declines 3 Points
During Final Hour.
NEW YORK, April 12.—The stock
market closed irregular today.
Many of the leading issues were in sup
ply iu the last half hour, causing de
clines of from 1 to 3 points.
Some stocks made new high and while
these reactions were occurring, American
Locomotive made anew high for the year
at 116, and Martin Parry rose over 2
points to 49%.
United States Steel fel 11 point to 98.
and Baldwin Locomotive yielded 1 point
to 11074.
Mexican Petroleum fell nearly 5 points
to 130% and Studebaker fell nearly 3
points to 118%.
Government bonds were unchanged and
railway and other bonds irregular.
Total sales of stocks for the day were
1,553,400 shares.
TWENTY STOCK AVERAGE.
NEW YORK, April 12.—Exchanges.
$707,600,000; balances, $58.000,000; Federal
Reserve Bank credit balances, $50,200,000.
CLEARING HOUSE STATEMENT.
Norway kronen cables were 18.60 c;
checks, 18.55 c. Denmark kronen cables
were 21.25 c; checks, 21.20 c.
Money and Exchange
Indianapolis bttik clearings Wednes
day were $3,179,(K!0; bank debits, $5,-
378,000. '
NEW YORK. April 12.—The foreign ex
change market opened firm today, de
mand Sterling %c higher at
Francs advanced 1 % centimes to 922 l ,*c
for cables and to 9.32 c for checks. Bel
gian francs were up % centime to
8.5474 c for cables and 8.54 e for checks.
Marks off 17* point at ,0034 c. Guilder
cables were 37.0ne; checks, 37.85 c. Swe
den kronen cables were 20.10 c; checks,
26.05 c.
NEW YORK CALL MONEY.
NEW YORK, April 12.—Money—Call
money ruled 47-j-ffler cent; high. 4% per
ceut; low. per cent. Time rates all 47*6/
4% per cent. Prime mercantile paper,
quiet. Sterling Exchange was steady,
with business in bankers’ bills at $4.4174
tor demand.
>. IV YORK LIBERTY BONDS.
—April 12— Prev.
High. Low. Close, close.
L. B. 3%s 100.00 99.48 100.02 99.32
L. It. Ist 4s 99.70
L. P>. 2d 4s 99.50 99.20
L. It. Ist 4%s 100.00 99.70 99.94 99 52
L 11. 2d 4%s 99.80 99.46 00.74 99.28
L 11. 3d 4%s 100.02 99.70 100.00 99.56
I. B. 4th 4%5.. .100.00 99.72 99.98 99.52
Victory 39* s 100.04 100.02 100.02 100.02
Victory ,%s 100.88 100.70 100.80 100.86
MOTOR BEC l BIT IKS.
(By Thomson A McKinnon.)
—April 12— —Closing—
Bid. Ask.
U'-I Motors 3% 4%
Packard com 9% lo
Packard pfd. 78 81
Peerless 25 37
Continental Motors coni 7% 8
Continental Motors pfd 90 91
Hupp com 17Vi 12%
Hupp pfd 95 103
Iteo Motor Car 24% 25
Elgin Motors 2% 3
Grant Motors l 17*
Ford of Canada 240 250
National Motors 1% 274
Federal Truck 2
Paige Motors 21 22
Republic Truck 7% 8
ACTIVE OIL STOCKS.
(By Thomson A McKinnon)
—April 12.
—Opening—
Bid Ask
Anglo-American Oil 19 197*
Atlantic Lobos 9 97*
itorne-Scrymser 350 370
Buckeye Pipe Line 95 98
Chesebrough Mfg. Cons 190 195..
Continental Oil. Colo 130 135
Cosdeu Oil and Gas 5 8
Crescent Pipe Line 33 31
Cumberland Pipe Line 1 Ki 150
Elk Basin Pete 67* 6%
Eureka Pipe Line 97 98
Galena-Signal oil. pref 103 108
Galena-Signal Oil, com 49 52
Illinois Pipe Line ITS 182
Indiana Pipe Line 102 105
Merritt Oil 11% 11%
Midwest Oil 27* 3
Midwest ltfg 170 180
National Transit 29 29%
New York Transit 170 175
Northern Pipe lone 105 106
Ohio Oil 278 282
Oklahoma P. A R 574 5%
Penn -Mex 26 29
Prairie Oil and Gas 5,50 570
Prairie Pipe Line 225 230
Sapulpa Itefg 3 37*
Solar Refining 340 360
Southern. Pipe Line 98 100 ..
South Penn Oil 180 185
Southwest Penn Pipe Lines.. 61 63
Standard Oil Cos. of Ind Bs% 897*
Standard Oil Cos. of Ivan 530 550
Standard Oil Cos. of Ky 475 495
Standard Oil Cos. of Neb 165 175
Standard Oil Cos. of X. Y. ..372 370
Standard Oil Cos. of Ohio ....400 41->
Swan A Finch- 25 35
Vacuum Oil 368 375
Washington Oil .. 24 29
NEW YORK Cl SB MARKET.
(By Thomson & McKinnon.)
—April 12—
Closing
Bid. Asked.
Acme Backing 40 50
Curtis Aero, com 4% 6
Curtis Aero, pfd 24% 27
Goldfield Con 4 6
Jumbo Extension 3 5
International Petroleum.. 15% 15%
Nipissitig 6% 6%
Standard Motors 5 5%
Salt Creek 13% 14
Tonopnh Extension IV* 1%
Tonopah Mining 1% 1%
United P. S. (new) 6% 6%
U. S. Light & Heat 1 3-16 1(4
U. S. Light A lit. pfd.... 1% 15 16
Wright-Mnrtin 2 5,
Yukon Gold Mine Cos I 4
Jerome 3% 3(*
New Cornelia 17% 16
United Verde 27% 28%
Sequoyah 3 12
Omar Oil 1(4 15-10
Rep. Tire 60 70
Boston A Mont 22 24
Kirby Oil 18
NEW YORK SUGARS.
NEW YORK, April 12.—Raw sugar
values were firm today. Cubas were
quoted at 3.80 c per lb, duty paid, and
Porto Ricos at 3.98®4c per lit. duly free,
delivered. Refined sugars were steady
fine granulated being quoted at 5.25®
5.50 c and No. 1 soft at 5.20@5.50c per lb.
NEW YORK COFFEE.
NEW YORK, April 12.—Coffee values
were firm in trade on tiie market here
today, opening options being 11 lo 17
points higher. Rio No. 7 on spot sold
at 10%®10%c per pound.
NEW YORK RICE.
NEW YORK, April 12.—Rice values
vert- unchanged on the market today.
Domestic rice was quoted at 3%@7%e
per pound.
NEW YORK WOOL.
NEW YORK. April 12.—W00l prices
were fully steady in trade on the market
here today. Prices of (die past week or
more were well maintained. Trade, how
ever. was rather quiet.
NEW YORK METAL MARKET.
NEW YORK, April 12.—Copper—Quiet;
ail positions, 12%f0 18%e. Lead—Firm:
all positions. 5.00®5.15c. Speiter—Firm;
spot nnd April, 4.83@-4.95c; May and
June, 4.90@5.00e.
NEYY YORK : HIDES.
NEW YORK, April 12.—Hides were
steady on the market today. Native steer
hides were quoted at t2%tf/13e and brand
ed steer hides at 11%@12c per pound.
XEYV YORK TURPENTINE.
NEW YORK. April 12. —Turpentine
sold at S6@S7c per gallon on the market
here today.
NEW YORK PETROLEUM.
NEW YORK. April 12.—Petroleum
prices were steady in trade on the mar
ket here today, selling at $3.25 per barrel.
INDIANA DAILY TIMES.
Weather
The following table shows the state of
the weather at 7 a. m., April 12, as ob
served by United States Weather Bu
reaus ;
Station. Bar. Temp. Weather.
Indianapolis, Ind... 29.8‘J 40 Clear
Atlanta, Ga 29.92 5(1 Clear
Amarillo, Texas.... 29.54 44 Clear
Bismarck, N. D 29.86 30 Clear
Boston, Mass 29.48 46 Cloudy
Chicago, 111 29.76 38 Clear
Cincinnati, Ohio.. 29.82 44 Cloudy
Cleveland, 0hi0... £9.62 38 Rain
Denver, Colo 29.42 32 Cloudy
Dodge City, Kan.. 29.50 44 Clear
Helena, Mont 29.80 20 , Clear
Jacksonville, Fla.. 29.98 64 Clear
Kansas City, M 0... £9.74 44 Clear
Louisville, Ky 29.90 44 Clear
Little Rock, Ark.. 29.88 54 Clear
Los Angeles, Cal.. 29.94 48 Cloudy
Mobile, Ala 29.98 64 Clear
New Orleans. La.. 29.96 66 Clear
New York, N. Y.. 29.52 54 Cloudy
Norfolk, Va 29 68 62 Clear
Oklahoma City 29.62 52 Clear
Omaha, Neb 29.74 38 Cloudy
Philadelphia, Pa.. 29.60 58 Cloudy
Pittsburgh. Pa.... £9.64 44 Cloudy
Portland. Ore £9.78 40 Rain
Rapid City, S. D... 29.70 32 Snow
Roseburg, Ore 29.76 38 Cloudy
Sau Antonio, Texas. 29.80 62 Cloudy
St. Paul. Minn... 29.82 36 Clear
San Francisco, Cal. 29.80 46 Rain
St. Louis. Mo 20.84 44 Clear
Tampa, Fla 30.00 74 PtCldy
Washington, D. C. 29.62 60 PtCldy
WEATHER CONDITIONS.
The lake* storm is moving slowly
northeastward. Since Tuesday morning
It has eaased rains from the upper and
middle Mississippi Valley to the north
Atlantic roust. It has bren followed by
considerably lower temperatures In the
Ohio Valley and adjoining section*, anil
frosts oeeiirrcil last night as far south
us northern Missouri anil central Illi
nois. Temperatures are somewhat hlgliei
from the west gulf northward over tin
Plains States, In connection with a dis
turbance whose main center Is In the
southern Rocky Mountains section.
WHITE RIVER CONDITIONS.
At 7 a. m.. todu.y stnge# In White River
were as follows: Anderson, 12.3, falling;
Noblesvllle, 14.7, rising: InillanHpolis,
14.9, stationary; Elllston, 25.3, rising;
missing; Decker, 18.5, fulling.
CORN AND 7VIIEAT BULLETIN.
For tiie twenty-four hours ending at 7
a. m., Wednesday, April 12, 1922:
Temper
ature. _♦
-s **
Stations of g „ w
Indianapolis „ = -p _ o ►>
District. I’Z S“R
* J akJ, 3
a w J.3 '-£zs' c B*3
South Bend | 64 ~j 35 j "iMW j Muddy '
Angola | 64 | 35 | 0.09 j Fair
Ft. Wayne | 50 | 36 | 0.46 |
Wheat field J.... | 36 | 0.07 | Muddy
Royal Center ..I 54 | 36 j 0.24 | Good
Marlon 1 i36 ! 0.75 Good
Lafayette j 51 ! 37 j 0.16 | Fair
Farmland | 67 | 37 | 0.12 | Muddy
Indianapolis ~..| 55 j 37 I 0.08 I Good
Cambridge City.) 7( 37 I o.to | Fair
Terre Haute ....[ 54 i 40 [ 0.01 j
Bloomington .... 73 1 39 j 0.05 Fair
Columbus j 56 1 41 j 0.03 i Fair
Vincennes | 75 I 42 ! 0.03 1 Good
l'noli 77 I 40 i 0.12 Good
Evansville |s4| 42 | 0 |
J~ II.AR.MIN G~TON~
Meteorologist, Weather Bureau.
Local Stock Exchange
STOCKS.
—April 12. —
Bid Ask
Ind.. Ity. A light com 00
lad. Ry. A Light pld 75 ...
Indpls. St. Ky 45 30
Indpls. A N. W. pfd... 60
Indpls. A S. E. pfd ... 60
T. 11., T. A L. pflr 70 ...
T. 11., I. A E. com 5
X. 11., 1. A E. pfd 15
U. T. of Ind. com 1
U. T. of 1 ud. Ist pfd 4% 9(4
I . T. of ind. 2d pfd -
Advance-Uumely Cos. pfd 48
Advaiicc-Uuincly com 17
Am. Central Life" 195 ...
Am. Creosotiug pfd 94
Belt R. It. com 67% 70
•Belt U. it. pfd 50 ...
Century Bldg. Cos. pfd 93% ...
Citizens Gas Cos 20%
City Service com •••
Cltv Service Cos. pfd
Dodge Mfg. Cos. pfd 84
Home Brewing ..46 ...
Ind. Hotel Cos. com 86
Ind. Hotel Cos. pfd 99
lull. 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. l’llb. Util, pfd 48
Nat. Motor Car (To 4 3
Pub. Sav. Ins. Cos. 5% •••
Itauh For. pfd 47 ...
Stand. Oil of ind 88',* 89%
Sterling Fire Ins. Cos 7% ...
Van Camp lldw. pfd 90
Van Camp Prod. Ist pfd 100
Van Camp Prod. 2d pfd 100
Vanduiia Coal Cos. com 1%
Vandalia Coat Cos. pfd 6% ...
Wabash tty, pfd. 30% ...
Wabash Ky. com 9 ...
BONDS,
Broad Ripple 5s 61
Citizens St. Ry. 5s 75% 79
Indian (’rock <*oaH Ac. Mine Cs ...
Iml. Coke A Gas 6s 86
Indpls. C. A S. 5s 91 ...
Indpls. A North. 5s 38 43
Indpls. A Mnrtinsviile 55.... 58 63
Indpls. &N.W. 5s 47% 51
Indpls. A S. E. 5s 4.
Indpls., Shelbyv. A S. E. 5s ... 70
lnilpls. St. Ry. 4s 55 60
T. H., I. A E. 5s 50
Indpls. Water 5s 93% 98%
Indpls. Gas 5s •• 86 89
CiYizens Gas 85% 89
Kokomo. M. A W. 5s 84% ...
Ind. Hotel Cos. 6s 90 ...
Indpls. Water 5s i 93% 98
Indpls Water 4%s 80 85
Indpls. T. A T 76 80
i minis. L. A 11. 5s 87 89
U. T. of Ind. 6s 47
Mer. 11. A L. 5s 96 101
New Tel. L. D. 5s 96
New Tel. Ist (Is 96% ...
Sou. Tel. Power 6s 80% 91%
•Ex-dividend.
LIBERTY BONDS.
Liberty first 3%s 99.80 100.30
Liberty first 4%s 99.60 99.80
Liberty Second 4%s 99.36 99.56
Liberty third 4%s 99.50 99.76
Liberty fourth 4’4s 99.52 99.72
Victory 4%s 100.72 100.82
Local Curb Market
(By Newton Todd.)
—April 12-
Bid Ask
Am. Hominy Cos 10 16
Central and Coast Oil % ...
Choate Oil C'orp (4 %
Ci.izens Gas Cos. pfd 90 96
Commouweilth Fin. coin 26 36
Commonwealth Fin. pfd.... 36 46
(olumbian Firkins. Cos 6 7%
Comet Auto (4 2
Dayton Rubber Units 44 54
Dictograph Prod, pfd 26 36
D. W. Griffith 3% 7%
Elgin Motor Car 2 3%
Fed. Fin. Cos. pfd 77 87
Fed. Fin. Cos. com 124 132
Gt. Sou. Prou. & Ref 5% 7
Metro, 5-10 c Stores com 3 7
Metro. 5-10 c Stores pfd 19 27
Nat. Underwriting 2% 6
Revere Motors (4 %
Rauch A Laug Units 20 32
Rub. Tex. Units 10(4 15%
U. S. Auto Unites 37 47
U. S. Mtg. Cos. Units 137 131
BANK STOCKS.
Commercial Nat. Bank 74 83
Cont. Nat. Bank 104 116
Ind. Trust Cos 176 ... ,
Ind Nat. Bank 253 265
Mer. Nat. Bank 282
Security Trust Cos 130
State Sav. A Trust 93 98
Union Trust Cos 300 ...
Wash. Bank A Trust Cos. .. 150
CLEVELAND PRODUCE.
CLEVELAND. April 12.—Butter—Extra,
in tubs, 41%@42c; prints. 42%@43c; ex
tra firsts, 40%©41c; packing stock, 17@
19e. Eggs—Fresh gathered, nothern ex
tras. 28c: extra firsts, 27c; Ohios, 25c:
Western firsts, new cases, 24e. Poultry
—Live, heavy fowl*, 30@31c; spring culls,
24®26c; ducks, 32@34c, ’
SWINE PRICES
SHARPLY LOWER
Cattle Values Rule Firm-
Veals Higher.
RANGE OF HOG TRICES.
Good Good Good
April Mixed. Heavy. Light.
4.510.25010.40 $10.00010.35 $10.50010.00
6. 10.50010.75 10.25010.50 10.75010.85
8. 10.40010.00 10.15010.35 10.65010.75
7. 10.40010.65 10.25010.50 10.65010.75
8. 10.50010.75 ‘ 10.350f0.60 10.75@10.85
10. 10.65 010.85 10.23010.65 10.85011.00
11. 10.65010.85 10.35010.65 10.85011.00
12. 10.40010.50 10.25010.50 10.60010.65
Swine prices were 10 to So cents lower
in trade on the local live stock ex
cTffinge today, with fresh receipts around
5,500, a hold-over of 1,500 and the ship
ping demand rather slow. Backers also
did not display brisk demands.
There was a top of $10.75 on light
swine during the Initial trading, but later
$10.65 was the most that was paid for
that grade of swine.
Light, mixed hogs brought $10.40®
10.60 aud mediums and heavies, $10.23@
10.50.
The bulk of sales for the day ranged at
$10.40@10.05.
Pigs were in fair demand and sold at
$9.50@10.50, while roughs brought sß@9.
Stags brought ss@7.
With close to 1,000 cattle on the maw
ket and packers showing fair demands,
prices were steady generally. A better
trend on the Chicago market yesterday
and this morning also was a strengthen
ing faetor to the local market.
There was some better demand for
calves of all grades during the early
forenoon trading and prices were fully
steady to 50 cents higher, but the de
mand was not so brisk during the late
forenoon. Prices, however, did not
weaken noticeably.
Tiler was a top of $9 on choice veals,
while the hulk of that grade brought
$8(88.50.
Receipts for the day ran close to 700
fresh calves, willi close to 200 held over
from the market of the previous day. A
good clearance wag anticipated
With 200 sheep and lambs on the mar
ket sheep prices were steady to strong
ani lambs steady.
HOGS.
100 to 180 lbs. average $10.60(§10,75
Over 300 lbs 10.00@10.23
150 to 300 lbs [e-mail]
Best pigs, under 140 lbs 9.50@10.50
Top 10.75
Roughs B.oo@ 9.00
Stairs 5.00® 7.00
Bulk of saies. 10.40(0.10.63
—Cattle-
Prime corn-fed steers. 1.000
to I.SOO lbs 7.00® 8.00
Good to choice steers, 1,200
to 1,300 lbs C.25® 7.00
Good to choice steers, 1,100
to 1.200 ibs 6.00® 6.25
Good to choice steers, 1,000
to 1.100 lbs 5.25® 5.75
Common to medium steers,
800 to 1,800 lbs 5.00® 5.25
• —Cows and Heifers—
Good to choice heifers 7 50® 800
Medium heifers 6.50® 7.25
Common to medium heifer*.. 5.25® 6.25
Good to choice cows 5.50® 6.541
Fair to medium cows 3.50® 4.50
Canners 3.00® 4.00
Cutters 2.70® 3.75
—Bulls—
Fancy butcher bulls 5 50® 600
Good to choice butcher bulla 4.00® 5.25
Bologna Bulls 3.50® 4.25
Light bologna bulls 3.o<>@ 3.50
Light to common bulls 2.75® 3.50
—Calves—
Choice veals 8 00® 9.00
Good veals 7.00® 8.00
Medium veals 5.50® 7.09
Lightweight veals 4.50® 5.50
Common to heavyweight veals 4.00® 4.50
—Mockers and Feeders—
Good to choice steers under
800 lbs 6.00® 7.25
Medium cows 2.50® 4.00
Good cows 3.75® 4.73
Good heifers 5.50® 7.00
Medium to good heifers 4.25® 5.00
Milkers 35.00@53.00
—Sheep and Lambs—
Oull ewes 6.00® 7.25
Good to choice ewes 5.50® 8.00
Bucks 2.50® 3.50
Clipped lambs 8.5<)@10.50
Wool lambs 12.00@15.00
Springers 13.00@20.00
Buck lambs 6.00® 7.00
Culls 3.00® 5.00
Other Livestock
CHICAGO, April 12.—Hogs—Receipts,
IS.(KKJ; market, s@lUe lower; bulk of
sales, $10.30®, 10.75; top, $10.85; heavies,
$10.30® 16.60; mediums, $10.50® 10.85;
lights, $10.60® 10.85; light lights. $10.15
@!10.M); heavy packing sows, smooth.
49.00@10; packing sows, rough, s9.4('@
9.00; pigs. $9.50® 10.50. Cattle—Re
ceipts. 7,0 <; market, strong to 25c
higher. Beef steers; choice and prime.
fx.75@9 40; medium and good, $7.40®
8.73; good and choice, $8.1.e0 9.13; com
mon and medium, $6.60®'8.15. Butcher
rattle: heifers. $5.35@8.25; cows, $1.35®
8.25; cows, $4.35@7: bolls, $4.10@>6.35.
Canners and cutters; cows and heifers.
$3.25®4.35; eanner steers. $4.25@3.35: veal
calves, light and handyweight, s6@B;
feeder steers. $5.40®7.35; stacker steers,
$5.25®%.25; stoeker cows and heifers, $5
@5.51. Sheep and lambs—Receipts, 11.000;
market generally steady; good to choice
lambs. $11.25® 14 50; cull and common
In mbs. $9.50®,'11.75 ; yearling wethep-s.
$10.59® 13.50; good ewes, $ii.75@9.50; cull
nnd common ewes, $3@6.50.
CLEVELAND, April 12.—Hogs—Re
ceipts, 3,500; market, stead j*; yorkers,
mixed and mediums, $11; pigs. 10.50®
10.75; roughs, $8.50; stags, $5.50. Cattle
—Receipts. 200; market, slow steady.
Sheep and lambs—Receipts, 1.000; mar
ket, steady; top, $14.23. Calves —Re-
ceipts, 3<;0; market, 50 cents lower; top,
$9.50.
CINCINNATI, April 15. Hogs - Re
ceipts, 5.000; market, slow to 15®25c
lower; heavies, mixed and mediums,
$10.70; lights. $10.60; pigs. $10; roughs,
$8.50; slags. $5.50. Cattle—Receipts, 700;
market, weak to 25 cents lower; bulls,
weak; calves. $8; few, $8.50. Sheep and
lambs—Receipts, 450; market, weak;
ewes, $7; clipped ewes. $5; wool lambs,
$15@10; clipped lambs, sl4; springers,
$lB.
EAST BUFFALO. April 12.—Hogs—
Receipts, 3.200; market, active; yorkers,
$11.10®11.15; pigs. 810.75® 11.10; mixed,
$11.10; heavies, 811@11.10; roughs, s߮9;
stags, $4.50® 5.50. Cattle -Receipts, 175;
market, steady. Calves—Receipts, 1.250;
market, slow ; cull to choice, ss®9. Sheep
aud lambs—Receipts, 2,(>0O; market, slow:
Choice lambs. $14.75® 16.50; cull to fair
lambs, s6® 14.50; yearlings, $5@12.30;
sheep. $5®9.50.
EAST ST. LOUIS. April 12—Hogs—Re
ceipts, 12,000; market, s@loe lower:
mixed and butchers. $10.55®10.75; good
heavies, $10.5(>®n0.75: roughs. $8.83@9;
lights. $10.40® 10.75; pigs. SS.SO®IO: bulk
of sales, $104(10.75. Cattle —-Receipts,
3,500; market, steady: native beef steers.
$8.25®9; yearling steers and heifers, $8.25
®9; cows, $4®0.25; Stockers and feeders,
$6.55® 7.25; calves. $4.504(8.75: canners
and cutters, $2.50@!3.75. Shop and lambs
—Receipts, 1,000; market, steady; mutton
ewes, $9@9.25; good to choice lambs,
sls.so®Hi; canners and choppers, sl@s.
PITTSBURGH, April 12.—Hogs-Re
ceipts, 1,000; market steady; prime heav
ies, $11; mediums, heavy and light york
ers, $11.25; pigs. $10.75@11; roughs. $7.50
@8.00; stags, $4@5.25; heavy mixed, sll®
11.15. Cattle—Receipts light; market
steady; choice, $8.50@8.75; prime, sß®
8.25; good, $7.50@7.75; tidy butchers, s7®
7.50; fair, st>.2s@7; common. ss@6; com
mon to good fat bulls. s3®(i; common to
good fat. cows, $2.50@5.50; heifers. ss®7:
fresh cows and springers, $35@75; veal
calves, s4@B. She&p and lambs—Re
ceipts, 400; market, 25c lower: prime
wethers, $8.50@8.75; good mixed, $7.50@8;
fair mixed, $6.50@)7; culls and common,
s2@4; choice lambs, $14.25.
INDIANAPOLIS PRODUCE.
Eggs—Fresh, 21@22c. Buter—Packing
Stock, 14@15c. Poultry—Fowls, 17@22c;
broilers. 1% to 2 lb. size, 50c; leghorn
broilers, at discount; cocks, 13@14c;
young hen turks, 8 Ibs. and up 34@35c;
young tom turks, 12 lbs. and up, 33@35c;
old tom turks, 28@30c; cull thin turkeys
not wanted; ducks, 4 lbs. and up, 15@16;
geese. 19 lbs. and up, 13(a]14c; squabs. 11
lbs. to dozen. $5.50@3.00: old guineas, per
dozen, $3.
Butter—Local dealers are paying 3S@
39c per lb. for butter delivered in In
dianapolis.
Butterfat—Local dealers ara paying 36c
per lb. for butterfat delivered in Indian
apolis.
GRAINS SUFFER
SHARP DECLINES
Trading Slow Throughout En
tire Market Session.
CHICAGO, April 12.—Grain prices
prices dropped sharply on the Chicago
Board of Trade today, following a strong 1
opening. There was little shipping de
inandvfor wheat.
Trade in corn and oats was slow.
Buying was light in all grains and the
market continued slow to the close.
Provisions were irregular.
Mav wheat opened up %c at $1.32%
and closed off l%c. July wheat opened
up %c at $1.20% and closed off %c; Sep
tember wheat, after opening up %c at
$1.14%e, closed -down %e. ,
May corn opened unchanged at 59%c
and closed off %c. July corn opened un
changed at 63Vie and closed off (4c; Sep
tember corn opened up %c at 65%c and
closed off (4c.
May oats opened off %c at 37%e and
closed down %e. July oats opened off
(4c at 40(4o and closed off %c; September
oats opened unchanged at 42c and closed
off (4c.
(By Thomson A McKinnon.)
—April 12.
Wheat —Firmness in Liverpool, attri
buted to evening up prior to the Easier
holidays, imparted some strength to tne
early wheat market. The demand was
soon satisfied, market thereafter becom
ing more influenced by the geuerul dull-,
ness in export and milling circles.
Southwestern markets mentioned a little
better inquiry for flour ami for milling
wheat, but the principal milling center
in the northwest reported Hour trade as
particularly poor, it was claimed, al
though not confirmed, that the Pacific
Coast was offering flour in this territory.
Condition of the winter wheat crop as
given by the weekly report of the
Weather Bureau, is not as poor as pre
vious private reports from limited sec
tions would indicate. Outlook in the
eastern third of Kansas is excellent, in
the south and southeast the plant is
stooling nicely and Jointing has com
menced. Officials of the Department of
Agriculture profess to see a possible
yield for the State of one hundred mil
lion bushels. Eastern holidays abroad
continuing until next Tuesday will leave
us without Liverpool quotations and
probably without any export inquiry
from that source. With this demand ab
sent and with the milling demand by no
means •urgent, market is not likely to
evince much strength except possibly
of a temporary sort due to local condi
tions. It continues to lie a fact that the
entire trade is indisposed to have firm
convictions being mroe willing to await
the outlook of the growing crop.
Corn and oats —New offerings and
movement of both corn and oats from the
country are decidedly small and at the
same time the domestic buyer shows no
interest whatever. Both markets gain
some firmness from the lateness of the
season and the recent extensive floods
but as yet no particular interest has
been attracted by this condition.
Provisions —Somewhat lower prices in
Liverpool and an easy hog market were
influences In provisions but the impor
tant reason for the decline was the poor
demand and lack of interest in the mar
ket. Closing tone was rather easy.
CHICAGO GRAIN TABLE,
- April 12-
WHEAT— Open. High. Low. Close.
May..,. 1.32% 1.33% 1.30% 1.31
July.... 1.20% -21% 1.20 1.20(4
Sept.... 1.14(8 1.15% 114% 1.14%
CORN—
Mav 50% .00% .59% .59
July 63% .63% .62% .63
Sept.... .66 .66 .65% .65%
OATS—
May 37% .37% .37 .67%
July 40(4 .40% .39*4 .30%
Sept 42 .12% .41% .41%
BO UK—
•May.... ..... £I.OO
LA Ili>—
May.... 10.75 10.82 10.70 10.75
July.... 11.10 11.10 10.90 11.00
•Sept 11.27
Rt lia-
May.... 11.20 11.25 11.20 11 20
•July 10-55
•Sent 10.05
It Y E
May.... 1.02 1.03% 1-02 1.02%
July 94% .95% .94% .95
•Nominal.
TOLEDO SEED AND OR RAIN.
TOLEDO. April 12.—Cloverseed—Cash,
$14.60; April. $14.00; October, $11.99.
Alslke Cash, $11.50. Timothy Cash,
$2.90; May. $2.95: September, $3.30: Oc
tober, $3.25. Wheat —Cash, $1.40@1.42;
May, $1.39; July, $1.23%. Corn—Cash,
63@04e. Oats —Cash, 41%@43%e. Rye-
Cash, SI.OO. Barley—Cash, 67e.
CHICAGO CASH GRAIN.
CHICAGO, April 12.—Wheat—No. 3
mixed, $1.38: No. 2 hard winter. $1.32%:
No. 3 hard winter. $1.30%. Corn—No. 2
mixed. 58V*c: No. white, 59®59%C; No.
2 yellow. 58%@39y*c; No. 3 mixed. 57%
@sß%c; No. 3 white. SSV4@SS%c; No. 3
yellow, 57*4@58%c; No. 4 mixed, 56%@
56%c; No. 4 white, 56(*c; No. 4 yellow.
57^t57%0. Oats—No. 2 white, 39c: No. 3
white, 30%@35%c: No. 4 white, 33@3Gc.
PRIMARY MARKETS.
(By Thomson A McKinnon.)
—April 12—
—Receipts—
Wheat. Corn. Oats.
St. Joseph.... 8,000 18.(881 2,000
Chicago 237.000 272,000 160.000
Milwaukee ... 18.000 34,00(1 15.000
Duluth 96.000 18.000
St Louis 58,000 59,000 24.000
Toledo 6,000 9.0(41 2.000
Pptroit 2.000 2,000 2.000
Kansas City.. 95,000 29,000 7.000
Peoria 14,000 18.000
Omaha 23.01H1 45,000 8.000
Indianapolis.. 21,00(1 27,000 16,000
Totals .... 564,000 517.000 254.000
Year ago... 858,000 390.000 285,000
—Shipments—-
Wheat. Corn. Oats.
St Joseph..., 11,000 29.000
Chicago 51,00(1 55,000 93.000
Milwaukee ... 61,000 19,000
Duluth 38,000 ••• •
St. Louis 45,000 56,000 31.000
Toledo 5.000 ”,000
Detroit 6,000
Kansns City. 244.000 26.000 24.000
Peoria 1.000 26.000 34.000
Omaha 49,000 62.000 24.000
Indianapolis 8,000 26.000
Totals .... 444.000 329,000 253.000
Year ago... 770.000 365,000 43(1,000
—Clearances —■
Wheat. Corn. Oats.
Now Y'ork 12,000 95.090 10,000
Philadelphia 74,000
Now Orleans. 88,000 111,00(1
Totals 100.000 280,000 10.000
Year ago... 311.000 07,000
INDIANAPOLIS CASH GRAIN.
—April 12—
Bids for car lots of grain and hay at
the call of the Indianapolis Board of
Trade were:
Wheat—Steady: No. 2 red, $1 39® 1.49.
Corn —Steady; No. 3 white, 60%@01e;
No. 4 while, 39%@60c; No. 3 yellow.
60%@01c: No. 4 yellow, 59%@60e: No. 3
mixed, 59@60c; No. 4 mixed. 58@59e.
Oats—Steady; No. 2 white, 40%@42J4c;
No. 3 white, 3S@39c.
llay—Steady: No. 1 timothy, $18.50®
19; No. 2 titmothy. slß® 18.5(1; No. 1
light clover mixed, $17.50®15; No. 1 clo
ver, sli)@2o.
—lnspections
Corn—No. 2 white, 1 car; No. 4 white,
1 car; No. 6 white, 1 car; No. 4 yel
low, l car; No. 6 mixed, 1 car; total,
5 cars.
Oats —Sample white, 1 car; No. 3
mixed, 1 car; total. 2 cars.
Hay—No. 1 timothy, 1 car.
HAY MARKET.
The following are the Indianapolis
prices for hay, by the wagon load, de
livered in Indianapolis;
Hay—Loose timothy, $17®18; mixed
hay, $10®!17; baled hay, sl7fri 18.
Oats —New, per bushel, 42®45c.
Corn—Both old and new, per bushel, 60
@6sc.
WAGON WHEAT PRICES.
Indianapolis flour milts and elevator*
yesterday were paying $1.27 per bushel
for No. 1 red winter wheat; $1.25 for No.
2 red winter and according to test tor
No. 3 red winter
GAS WAR ON RATS.
HONOLULU, T. H„ April 12.—Poison
gas will be used in a territory-wide cam
paign against rats, which now cause
losses in the cane fields estimated at 10
per cent of each outturn of
cane. In Cuba and Porto Rica poisonous
gases have been used successfully in com
bating rodent pests in the cane fields.
Steals City Jail to
Use as Granary
HALE CENTER, Texas, April 12.—Hale
Center is up in arms. The village jail
has been moved away and is now being
used as a granary. It was built twenty
years ago, but never housed real crim
inal. In the old days ! t occasionally en
cased cowpunchers jvho imbibed too
freely, but since Volsi sadism it has been
a backstop for amateur baseball teams.
In the suit filed against Joe Lee Fer
guson, a prominent rancher, the city
claims he moved the jail from the city
limits without authority or consent. Fer
guson alleges that the jail was built on
his property without permission and that
• 1 moved it farther back (fifteen
miles) on his ranch.
Kissing Games Give
Whole V illage ‘Flu’
CORAM, h. 1., April 12.—Ever since
Friday, February 10, Coram, a sparsely
settled community, has had influenza and
a deea secret.
Listen—they played kissing games at
a paTly and of the fifty-one persons pres
ent, including almost everybody who is
anybody in Coram, forty contracted influ
enza. Among the victims were the min
ister and his wife and the school teacher,
who boasts of twenty pupils, all children
of members of the minister’s church.
The facts are that the charitably in
clined church members decided to give an
•olil-time’’ social for the benefit of a
needy resident. The party was held
at the home of Mrs. Edward Still, whose
little son was then in the first stages of
influenza.
All old-timers know that a really so
cial ’’social” must include kissing games,
though they must not be confured with
the indulgences at the more modern
"petting party.” At any rate, kissing
Watch *
the Dividends on
a Concrete Street
To the taxpayer —because there are practi
cally no repairs. Maintenance is built into
Concrete pavement.
To the motorist and the truck owner
Ircm the better service, slower car deprecia
tion, higher gas mileage.
To the property owner —from the in
creased value of his property.
To the merchant, from the trade a good
street draws and keeps.
To the whole community—from the
6afer, quicker, uninterrupted traffic of every
sort assured by this skid-proof, permanent
pavement.
A Concrete Street means continuous
dividends —not perpetual expense.
Cur Book’d R-4 kill other tntereitlng thing!
about Concrete Street a. Write for poor copy.
PORTLAND CEMENT ASSOCIATION
Merchant* Bank Building
INDIANAPOLIS, IND.
c 4 National Organization to Improve and
Extend the Uses of Concrete
Offices in 23 Other Cities
Statement of Condition
OF THE
Retail
Hardware Mutual
Fire Insurance
Company
MINNEAPOLIS, MINN.
Metropolitan Life bldg.
ON THE
31st Day of December, 1921
CHAS. F. LADNER, President.
THOS. F. McCRACKEX, Secretary.
Amount of capital paid up Mutual
NET ASSETS OF COMPANY.
Cash in banks (on interest
nud not on interest) $ 73,392.93
Bonds and stocks owned
(book value) 1,655,559.23
Accrued securities (interest
and rents, etc.) 35,489.22
Os. of deposit 10,102.60
Notes 3.053.73
Bills receivable 3,266.01
Premiums and accounts due
and in process of collection 150.245 42
Market value over book value
bonds 67,505.89
Total net assets $2,034,913.63
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks $ 800,209.65
Adjustments 500.00
Losses unadjusted and in sus
pense - 62,985.00
Bills and accounts unpaid, ac
crued 53,502.14
Total liabilities $ 917,196.79
Surplus 1,117,718.81
Total $2,034,915.63
Greatest amount in any one
risk $ 23,000.00
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 tile in this office.
In testimony whereof, I hereunto sub
scribe my name and alEx my
(SEAL.) official seal, this Ist day of
April, 1922.
T. S. McMURRAY, JR.,
Commissioner. 1
APRIL 12,1922.
was on the menu at Corain's ‘‘social,”
and the State Department of Health says
that kissing was responsible for the epi
demic.
An unsolved mystery of the party lies
in the fact that five young girls, said to
have been "centers of attraction,” did
not contract the disease. But pne girl
at the party, referred to as the Still
boy's sweetheart, became very 111 indeed,
two days later.
All the patients have recovered. Tha
party netted about $25 for the
person and cost the hosts and guests
era! hundred dollars for doctors’ bills.
BandiLTakes Kiss
as Part of Booty
TACOMA, Wash., April 12.—“ You are
a game little devil and deserve a kiss,”
declared a bandit to pretty Mrs. Fran
ces Smith, when she had willingly sur
rendered $7 to him at the point of a
gun on the street.
“Don't make any noise and I'll be on
my way,” said the up-to-date Claude Du
vall, as he scored a direct hit on two
quivering lips and fled.
WARNING!
Protect yourself against dis
honest brokers.
Be sure your account is safe.
Before buying stocks or doing
business with irresponsible
brokers consult our INQUIRY
BUREAU.
Our weekly paper—costs $5.00
yearly*.
Sample®:opy mailed on request.
INVESTORS GUIDE
3 Rector Street New York
Established 15 yearß
Statement of Condition
OF THE
Merchants
Mutual
Insurance i
Association
REDFIELD, S. D.
18 Sixth ave., E.
ON THE
31st Day of December, 1921
W. C. KISER. JR., President.
N. S. TYLEIi, Secretary.
Amount of capital paid np Mutual
NET ASSETS OF COMPANY.
Cash in banks (on interest
and not on interest) $ 15,955.08
Real estate unincumbered.... 44,000.09
Bonds and stocks owned
(market value) 8,500.00
Mortgage loans on real es
tate (free from any prior
incumbrance) 15,549.40
Accrued securities (Interest
and rents, etc.) 1,617.32
Premiums and accounts due
and in process of collection 12,013.72
Accounts otherwise secured... 5.507.42
Total net assets $ 103,442.92
LIABILITIES.
Amount due and not due
banks or other creditors...? 1,750.00
Reserve or amount necessary
to reinsure outstanding
risks 63,539.55
Losses adjusted and not due. 16,392.63
Losses unadjusted and in sus
pense 9.942.58
Rills and accounts unpaid.... 8,253.47
Other liabilities of the com
pany 1,782.34
Total liabilities $ 101.660.55
Surplus 1,782.37
Total $ 103,442.92
Greatest amount In any one M
risk $ 20,000.00 b
Greatest amount allowed to be
insured in any one risk ? 30,000.00
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.