Indiana daily times. [volume], May 02, 1922, Home Edition, Page 10, Image 10

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

Image provided by: Indiana State Library

                
10
MARKET ONLY
SLIGHTLY BUSY;
PRICES HIGHER
Volume of Trading Total
in Excess of Previous
Day's Record.
>;>-*< lat tr. Indiana Daily Timea
■r>l Philadelphia Public ledger
By MONITOR.
NEW YORK, May 2.—The stock mar
t was only moderately active, but
■rices generally worked higher in the
'■tor volume of trading, with total
transactions somewhat in excess of a
• ~i. , Monday. Trading sea
- were furnished by advances In the
anil independent steels in addition
a few strong specialties.
The strength in the oil shares were
vdicated largely on recent sectional ad
nees in gasoline and refined petroleum
redacts, with the prospects of a further
larking up of crude. Standard Oil
-sues were firm, with increased activity,
ltd Pacific Oil reached anew high level
it 62ft.
Among the steels some of the ?cu
ative issues and others regarded as
sured of inclusion in the contemplated
nerger, displayed considerable activity
and strength. Gulf States made an ad
vance of more than four points and was
closely followed by Republic Iron and
steel. Midvale and Lackawanna also re
flected the creJen e placed in current
merger gossip. Equipment ran up
briskly at times tinder the leadership of
Baldwin and American Locomotive.
The favorable construction placed on
the Studebaker statement brought re
newed support of that issue, but had no
apparent effect on the motor shares.
Among the strong specialties were Inter
national Paper, Mercantile Marine. Man
hattan Elevated. May Department
Stores and l'. S. Rubber. Profit-taking
was lergely responsible for the setback
in Manhattan Electrical Supply.
The rails were rather Inactive with
operations held in check by uncertainty
over the effect of the proposed rate re
ductions and doubt concerning the ac
tion of the I'nited States labor board on
the wage question.
Outside news was hardly a factor on
the market. Much satisfaction Is ex
pressed over the lessened friction at
Genoa. In the commodity markets, cot
ton broke out of its rut with a fifty point
advance.
WALL STREET GOSSIP
BY MONITOR.
NEW YORK, May 2.—The call money
market a firmed up again yesterday and
tiosed at 4h* p--r cent, after renewing at
4 per cent This condition is considered
to I? but the continuation of Saturday's,
firmer money market, and is believed to
be hut temporary. The basis for the
tighter conditions is the larger amounts
required for end-month finances.
Oil sto< ks were again led by the
standard Oil is-ues and other high-class
stock- as in Saturday's market, t'osden
(dl was hesitating for a while, as traders
are uncertain as to the reaction thi?
market should expect from the new stock
Isue. However, it is believed that this
will be absorbed easily.
Medi an Seaboard declared anotixr 50-
cent dividend, payable May 15. At the
S'lue time directors voted to retire an
other $1,000,000 of the company's T per
'■'■o’ d’-b* ;•!re. thus leaving a balance
ts s6,Uo>*.fK)o outstanding
Tbe Studebaker report was in line with
general ext tations in the Street, hut if
cnytu gT. e.-.vniugs report was better
than had b*“*n anticipated. With the
company earning about $0.41 in the first
quarter, this means that nearly the full
dividend rate of 7 per cent has already
been earned, and the possibilities for an
in. reused dividend or an extra disburse
ment at the midsummer meeting are con
ddered bright. President Erskine's broad
hint that a continuation of operations at
the present scale might make it neces
sary for directors to consider further ac
tion on the dividend, is construed bull
ishly here.
The New Orleans Texas A MpxDo 1021
report was a great improvement over
1020, despite a lower operating gross.
The answer to the improvement was
found in a sharp decline in operating ex
aer.s,.s. Gross for the v<or was sll.-
ISft.ol!. as against 513.4h5.245 in 1020 On
he other hand operating expenses were
ini* $8405,474. as against $11,141,034 Net
income for the year was $1,613,267 as
compared with 5756.040.
Rail stocks as a group were compara
tively firm, although there was no spe
cial activity in the list. The market was
cheered by the Mar.-h report of 123 class
I roads w hich showed a net of $61,676,000,
as "ompanil with 518.503.000 f. )r March!
1021. Following the publication of good
earnings reports by the smaller roads
during the last week or so, this had a
very beneficial effect on sentiment.
The Sears Roebuck and Montgomery-
Ward reports for April were a bit con
flicting ns far as their vale" as a guide
to mail order business might e consid
ered. During the month Sx s-Roebuck
sides fell off 10.15 per cent > -- compared
with la-t year, while sales for the first
four months declined 1.3.57 per cent. On
the other hand, Montgomery-Ward's
April sales showed an increase of 13 S2
per cent, while the four months’ period
gain 6.S per cent.
Columbia Orr.phophone preferred is
begining to atruict a bit of trading at
tention. mainly • u the theory that the
company has about discounted all of the
unfavorable factors bearing upon it. The
strong advance in the stock market as a
whole is encouraging bargain hunting
among the specialties, and Columbia is
meeting xx-ith some demand from this ele
ment. It Is hoped that recurriug pros
perity in the country at large will mean
much f"r Columbia, as its product might
be listed among the lower priced lux
uries. At the same time if Columbia goes
i • the radio fields, as it is generally
believed that it will, the potential possi
b.lities should be good in view of the
nation wide demand fur radio apparatus
of all kinds.
Mnrk Truck. Incorporated, now oper
ating about 30 per cent of normal ca
pacity. is believed to be earning at the
rate of three times the first preferred
dividend requirements. Inasmuch as
Mack, operating as the International Mo
tors in 1021, was one of the fexv mot"r
companies to come through with any
sort of a showing, it is believed that
the company ought to do equally well
under the much better conditions pre
vailing this year, and the first preferred
is meeting with a good class of buying
here.
California Tacking in 1921 showed net
profit of $2,240,591 as compared with $4.-
253.015 last year. Fart of the buying in
California Tacking seems to be coming
from investment houses such as favored
stocks like National Biscuit, Woolworth
and similar high-class food product is
sues.
Iletidoe waR again firm and advanced
to 21% Advices from the company's
plant to the effect that working forces
were being largely increased brought in
good buying here and calls attention to
the fact that the wave of buying, which
is flooding the motor markets with husi
ness, naturally leaves a very comfortable
overflow for motorcycle manufacturers
such as the Hendee.—Copyright, 1922,
by I'ublic Ledger Company.
IJJDIANAFOLIs PRODrC*.
Eggs—Fresh. 21@22c. Butera-Paokln<
*to<k, 14®150. Poultry—Fowls. 173220;
broilers, lft to 2 !b. size, 45(§46c; leghorn
broilers, at discount; cocks, 15314 c:
young hen turks. 8 lt>e and up Ssc:
young tom tu.ks, 12 lbs and up. 3oc'
old tom turks. 30c; cull thin turkeys
not wanted, ducks. lbs. and up, Is®iti
geese. In ibs. and up 13@14c; squabs, li
lbs to dozen $5.5036.00: old guineas, per
dozen. $3.
Butter—Local dealers are paying 37$$
;jßc per lb. for butter delivered In In
dianapolis.
Butterfat—r.oeat dealers are paying 36c
per lb. for butterfat delivered in Indian
•polls.
A. 1. Stock Exchange
(By Thomson & McKinnon)
—May 2 Frev.
High. Low. Close, close.
Advance K. com. 1U 18 IS 19
Ajax Rubber.. 17% 17 ft 17ft 17;*
Allied Chemical 67ft 00ft 07 60%
Allin-Chalmers.. 50% Soft 50% 00's
Am. Beet Sg 40ft 40ft 40ft 4uft
Am. Bosch Mug. 45% 45ft 45% 45ft
Am. Can 49*** 48ft 41* 46ft
Am. Car and F..101 ft 100% 101st 101
Am. lie 198 ft IOS lt>B 107 Vi
Am. ii. &L. pfd 09% 09% 09% 09ft
Am. inter. Corp. 47 45% 4oft 40%
Am. Locomotive 117% 110 110 ft 115%
Am. M. id 39% .39% 59% 39 ft
Am. Smelt. A U. 59 3.8% 58% 59
Am. Sugar Rif. 70ft 75% 75ft 75
Am. Sum. T. Cos. 35% 34 ' 4 35V* 34%
Am. Tel. and T. 122 ft 121st 121’* F22
Am. Tobacco . .141-* 145 140 ft lid
Am. Woolen Il2ft 91st 92 91%
Anaconda 53% 53 53ft '33V*
Atchison .. .. 101V* 101 10l 101
At Gulf A V I 31 Vs •'■ >ft 3i s 35
Austin Nichols 20 ft 25 ft 25% 25
Baldwin Loco . 120 118 ft 119 ft lls%
It. 3: O 47-"s 41 Vs 47 Vs 47ft
B* in stl ilt i ■ 7'-% .> 78ft 7s ■■
Brook Rap T. 22’s 22 22% 21st
Calif I’ete .... 57 50ft 57 57
Can Puc lty.. 142% 141 •* 141’s 142
CVn Leather... 38ft 38% 38'* 38%
Chandler Mot.. 70% 74% 70** 74ft
C. A- 0 05 (M’s 05 05
C., MASt Pcm 27% 27 27 27 ft
C„ M A StF pf li** 43ft 44ft 44ft
Chi A N W... 75ft 74% 75 74%
C., It I A Pac.. 40V* 45% 45ft 40
C, K 1 A F rps 82 82 82 82
C„ it IA 1* 7'.'t i’s 90ft 95% 95% 95ft
Chili Copper .. 20 19 20 19
Comp Tab 78ft 77% 78 77ft
Cl A Tea body. 50 ft 57 ft 58 57%
Columbia Gas... Bs% 67'. 8S :! , 67%
Coca Cola 50*i 50 "Oft •*5 -, s
Col. F. A iron,. 31st 31 31 51 ft
Consul. Gas ...110** 115% 110 110'*
Font. Can 09 07'-* 08ft 07
Corn Prods 105% 102 ft 103%. U)Sy
Crucible Steel... 007 ft 05ft t!sft 00**
Cub. A Sugar.. 22% 22ft 22% 22ft
Cub. C. Sugar.. 10'* 15ft l"ft 10
Del. A Hudson...l2oft 120 ft 120 ft
Dome Mines .... 28% 27ft 28 27%
Erie 14 ft 13 7 * 13ft 15%
Erie Ist pfd. .. 23ft 23ft 23** 23%
Endlcott and •). 84% 84 84 ....
Famous Fla vers 82ft 81 81% 81
Fisk Rubber Cos. in ft ivft 19% 19
Gen. Asphalt .. 64 ft 62ft 63ft 02 ft
Gen. Cigars .... 72ft 72 72% 7tft
4.en. Electric .104 Hr! 101 104 ft
Gen. Me tors .... 13'* 13 13ft 13
Goodrich 42** 41 7 * 42 42
tit. Nor hern pfd 75ft 74% 74% 75
Gt. North. Ore 39% 39 39% 39%
Gulf States 5... S8 80ft 80*, 87%
Hupp Motors . 19ft 19 19 ft 18%
Houston Oil ... 78 78 78 7 s ',
1111 ii... sCeutral 107 1 j 107 107 ft 107%
Indiahoma 4% •% 4% 4"ft
In. Copper 41st 41 41** 41st
Inter. Harvester 95ft 95% 95 ft 90ft
Int<r. Nickel .. 18% 16% 18% 1" ft
Inter Taper .. 53% 51 % 53% 51st
In. Oil I s1 * 17% 17'* Is
Kansas C. S. .. 28% 28% 28ft 2*ft
Kelly-S. '1 ire . 52% Tift 51% .-"ft
Ken it. Copper . 34** 33% 34 35%
Lack. Steel ... 01 59% 59% 59%
Lee Tire A It. 34ft 3tft 34ft 34
Lima Loco. ..112 ft 112% 112% 112 ft
Lehigh Valley .01 59% 59% 03
Loews, Inc. .. 17% 17ft 17ft 17ft
M Parry 31% .'oft 31% 30%
Marine com. .. 27% 24% 20ft 24%
Marine pfd. ... 80ft NY 85 84%
May Stores . ~122*a 121 122 l-<’
Maryland Oil ..31 50% ;t 31 I
Mix. Petro. ...153ft Id lftt% 132
Miami Copper . 29ft 2'.i% 29 * 29%
Middle S. <til . 15% 14% 15% r%
Midvale Steel., ils'ft 38ft 38% 38%
Mo. Pac. 8y... 25 24 24 24ft
Mo.-Pae. Ky pfd 57ft 57ft 57ft 57 ft
Mont. A- Ward.. 22 - 2 2 22 % 22
National Lead. 93% 93 93% 93 *
Nev. Con. Cop.. 17% 17 17% 17
N Y. Air Brake 80 7!*ft 79% 79
N. Y. Central.. 9o 89ft 89-* soft
New Haven.... 2*> 2.‘7 r> ! * 37 ft 27ft
Norf. A West..lo7*3 I’7 107% 107%
N' lrih. I’ai-Ui.-.. 7t! T ANARUS, 70 70 ft 70%
Ok Fro. & Ref 3% 3ft sft 3‘*
Owen. Bot. com. 30 50 30 35%
Fa-Hi" Oil 62% 01% 02'3 01%
Fan Am. l’ete.. 05ft 04 O.J-* Oift
l'enna lty 41% 41 * *lft. 41*,
Feople's Gas .... 87 97 87 ....
l’ere Marquette. 31 30% 30** 3*eft
Fierce-Arrow .. 22% 21st 22% 21
Fierce Oil Com.. 10** !■"* 9ft 10%
Full. Pal. Car.. 124 ft 124*,. 124** 12 4’*
Fare Oil 34% 33 % 34 34%
lty. Steel Sp 105% l"2ft l’l.'tft 1"2 s
Reading 77ft 77 77% 77
ltep. 1. and SN>! 00-ft *2Ti 65ft *4O
Iteplogle Steel.. 31st 31"* 31 ft 31st
Roy. D. of N. 1. )i-4**s > 04 04 12". ft
Sears Roebuck. . 70 75ft 75ft 75ft
Sinclair 32% 3!% 52 31*-.
Slos- SS. A 1.. 45ft 45 ft 45% 41%
Southern Fiic I*o * * 89% Ntft 89%
Southern Itv.. .25 24% 2i T s 2’4ft,
St L A S W itv 30% 30% 30% 5,0%
S Oil of Cal 114% 113% 111 ft 114%
S Oil of N J.. ISO * 187 ft 188 ft 189:%
St LA S F com ill 311% 30 ft s.oft
Stewart A W.. 5,9% 39% 39% 39ft
Strnmberg C .. 55% 5i % 55'55%
Studebaker .. .122’% 12115. 122 * 120
Tex. Gas & Sul. 44ft 43ft 41 43%
i'nion Oil 22 7 ,22 ft 22% 22ft
Lnlon Pacific ..137% 137 ft 137% 137 ft.
I'nited Drug .. 71 * 71% 71% 72
United Fruit ,143 ft 142 113 ft
I'. S. Retail S. 52 1 j 51% 52ft 51'-*
V. S. C. I. I’. . 35% 5.4 ft 35 35
!*. S. In. A. .51 50% 50% 51
L. S. Rubber. 07% 00% 00‘* 05%
S. Smelting 41 ft 4<*ft 41st 41
I'. S. Steel I*B% 97% 97% 07%
U. S. Steel pfd.. ID ft 118% 118% 118 ft
Utah Copper .. Os % 05', 00% 65%
, 'an. Steel 42% 42% 42% 42%
Wabash li ft 11% it% 11%
Wabash Ist [ifd. 32 31st 31% 32%
Worth. Pump.. 53 32% 52*, :
West. Pacific... 22% 22% 22% 22ft
Western Union. 98% 98 OS'*
Westh. Airbrake 95% 95*4 95% 95
Wesths. Elec... 02% *12% 0_. s t!2%
Wliite Motors.. 49 48% 49 4*
Wlilys-Overland 8 8 8 8
White OU 10% 10% 10% 10%
Woolworth Bio 100 100 lco
Wilson A C 0... 47 40ft 40ft 40'%
NEW YORK LIBERTY AOXDS.
—May 2
Frev.
High. Low. Close, close.
Liberty 3ft5.... 99.40 99.10 99.20 99 22
Liberty Ist 4s 99.3d
Liberty 2d 4s 9940
Liberty Ist 4%5. 99.74 95.02 1*9.70 4*9 71
Liberty 2d 4%’-.. 99.52 1*9.44 99.40 99 50
Lilierty 3d 4%5. 99.84 !if*.7o 115.80 I*9 B*l
Liberty 4fh 4%5. 99.64 99.80 I*9 so 9180
Victory 3%s 100.02 10002
Victory 4%s ....100.60 100.52 100.50 100.56
CHICAGO STOCKS.
(By Thomson A .McKinnon)
Open. High. Low. Close.
Arm. A Cos. pfd. I*o% 97 po% 90%
Arm. Leather... 12% 12% 12ft 12ft
Arm. Loath, pfd. SO%
Case Plow 6%
O. O. & C. It. pf. 8
C. El. Uy. pfd.. 0
Cudahv 65% 65% 05 65
Com. Edison 130% 131 130 ft 131
Contin. Motors.. 9
Earl Motors 3ft
Libby McNeill.. 33 2ft 3
Mont Ward 22ft 22% 22 22
Natl. Leather... 2ft 2% 2ft 2ft
Nat. Leath., new 9ft 9% f** j 9*J
Pick A Cos 27ft 28% 27* j 2s
•Mggy Wig. A . 44% 40% 44 ft 40
Quaker Oat" 95ft 95ft !*5 95
Stewart Warner 39ft 39-% 59*4 39%
Swift A Cos 101% 102 101st I*>2
Swift Inti 19% 20 19*2, 19ft
Thom. i.J. 1t.).. 49ft 50 49ft 49%
Union C. A C... 57% 58 57% 57%
Wahl 07% 07% ifl’i 07
YVrigley I**2% 102% 102 ft 102 ft
Yellow Taxi.... 7S 78 77 77
NEW YORK SUGARS.
NEW YORK, May 2.—Raw sugar
prices were iregular in trade on the mar
ket today. Trading was fairly active.
Cnbas were quoted at 4c per pound, duty
paid, and Porto Ricos at 3.9247 398 c per
pound, duty free, delivered. Refined
sugars were steady, fine granulated be
ing quoted at and No. 1 soft
at 5.15<jj5.50c per pound.
NEW YORK COFFEE.
NEW YORK, May 2.—Coffee values
were firm in trade 0.1 the market today,
opening options being 9 to 10 points
higher. Rio No. 7 on spot sold at 10%
ssloftc per pound.
NEW YORK RICE.
NEW Y'ORK, May 2.—Rice was un
changed in trade on the market today,
domestic again selling at SV*@"V*c per
pound.
NEW YORK FETROLECM.
NEW Y’ORK, May 2. —Petroleum prices
were steady i ntraae on the market h-re
today. Pennsylvania crude agaiu selling
at $3.25 per barrel.
■!.— ■
NEW YORK TERPENTINE.
>NEW YORK May 3.—Turpentine sold
at 89c per gallon in trade on the mar
ket today.
STOCKS REGISTER
FINAL UPTURNS
Kails Are Fractionally Lower
—U. S. Steel Unchanged.
NEW YORK, May 2. The stock mar
ket closed irregular today.
Important movements in the late deal
ings xvere to higher prices.
Associated Oil mail** a sudden Jump of
7 points to 120, and Standard Oil of Cali
fornia rose nearly 2 points to 114%.
Mexican Petroleum rallied 2ft points to
!33%.
Studebaker touched 122%.
I'nited States s* C el hung around 97%. .
Manhattan Guaranteed sold up to 55%,
1 gain of over 3 points. 7
Railroad stocks were fractionally lower
Government hoods were unchanged and
railroad and other bonds strong.
Total sales of stocks for the day were
1.091.500 shares.
Total sales ot bonds for the day were
$30,150,000.
(Bv Thomson A McKinnon.)
May 2
There was nothing unfavorable In the
day’s market news, lint there has been
a decided change in the character of the
trading. ,
We no longer have that same general
demand for ali classes of stocks. 1 lie
trading is mixed and the market action
is more Irregular.
There was a great deal of profit taking
noted before noon, but at the same time
Individual issues rewived good support
and in many instances higher prices
were estaldished.
The profit taking noted is now lie
coming a daily feature and should con
tinue since there is every reason w li*
longs should pursue such a policy.
The advance has been a good one.
The ■* is now a large public interest in
the market Loans have been materially
Increased and tochnii’udv thi* market is
not iu a position to withstand anything
unfavorable.
We have confirmation from official
circles of general business improvement.
The r. s.-riv hoard makes this point clear
and even the comptroller of the currency
lias modified his views with regard to
the acMvitv in tit" stock market and
a -n-es w ith the popul tr idea that tlie
stlick uinrket forecasts general improve
ment.
There is even a slight improvement in
the European outlook and it is within
the rang" of likelihood rhat something
substantial may result from tin* present
conference, but all tie's" things should
he considered in the light of prevailing
ve ins and general market conditions as
referred to above and of this wo
an* of opinion that 1 more . onserviitlvc
,*„urse is now Justified and would by all
means avoid over extension of accounts.
twf.ntx stocks average
NEW YORK May 2. -Twenty Indus
trial st " ks Monday were 93.35. up 01 per
rent Twenty active rails averaged 84.45,
up .02 per cent.
CLEANING IIOJ SI. STATEMENT.
new YORK. May 2 Exchanges. sl.
125.000: balance.-. s7'’' 300,000 ; Federal Re
serve Bank credit balances $00,500,000
Money and Exchange
NEW York Ml" 2—The foreign ex
change market i.pened easy today with
and mand Sterling %c bigtn r at $443 ’,
Krari.-s yielded centime to 9.20 *- s c for
.-allies, and to 9 20" for cheeks Lin were
. ff one point to 5.34" for cabled, and to
5 33* '• for cheeks. Belgian francs were
Ift centimes loner t*. K4sftc cables, am*
to 8 45c f. r el ks. Marks were % of a
print lower at .0034%" Guilder cables
were 38.32 c, checks, 38.27" Sweden
kronen cables were 25 So . .<•• ks. 25 site.
Norway kronen cables were lsi.s-:
"ticks IS.UIK* Denmark kronen cable*
were 2122 c; cheeks. 21 I7e.
NEW YORK MONEY.
NEW YORK, May 2 Money: Fall
money ruled 4 p**r cent; high. 5 per
cent*" low. 4 per cent. Time rates were
steadv. all Fit4ft per cent. Prime mcr
. ant'd" paper steady. Sterling exchange
wa- st. idy. with business In bank rs'
bills at $4.12 for demand.
MOTOR SECURITIES.
(By Thomson & McKinnon.l
May 2
—Closing -
Bid Ask.
Earl Motors 3% 3%
Packard com 11% 11%
Peerless ■ ■ 39 41
Continental Motors com s% 9ft
Continental Motors pfd 89 92
Hupp corn 18% 19%
Hupp pfd 98 103
Kco Motor Car *4 24%
Elgin Motors 2ft 3
Grant Motors 1 *ft
Ford of Canada 303 308
National Motors Ift 2ft
Federal Truck . 21 ft 25
Paige Motors 1* -o *
Republic Truck 8 Sft
ACTIVE oil stocks.
(By Thomson A McKinnon.)
—May 2-
Opening
Bid. Ask
Anglo-American Oil 21 21%
Atlantic Lubes I°ft lift
Borne-Scrymser 350 370
Buckeye Pipe Line 97 99
I'hesebrough Mfg. Con 200 210
Font. Dll, Colorado 142 140
Cosilen Oil and Gas 5 8
Crescent Pipe Line 33 3-
Cumberland Pipe Line 149 100
Elk Basin Fete 6% Bft
Eureka Pipe Line 100 l r >3
Galena Signal oil. pfd 499 107
Galena-Signal *.*ll, com 55
Illinois Pipe Idna 187 191
Indiana Pipe Line l'o 10"
Merritt Oil 12ft 12%
Midwest Dll 2ft 3
Midwest Refining 180
National Transit 31 32
New York Transit 172 177
Northern Pipe Line 106 199
DKIo Oil . 317 322
Penn Mex 32 35
Prairie 1)11 and Gas 623 03"
Prairie Pipe Line 232 237
Sapuipa Refining 3% 3%
Solar Refining SSO 379
Southern Pipe Lino 191 194
South Penn <MI 215 221
Southwest Penn Pipe Lines. 09 fi i
Standard Dll < ’o. of 1nd.... 195% it sft
Standard fill Cos. of Ivan.... 550 5 0
Standard Oil Co* of Ky. 81 62
Standard Dil Cos. of Net 200 210
Standard Dtl Cos. of N. Y* 400 415
Standard Oil Cos. of Dhlo 400 480
Swan A Finch 30 40
Vacuum Oil 405 415
Washington Oil 25 30
NEW YORK CURB MARKET.
(By Thomson A McKinnon)
—May 2.
—Close.
Bid. A-sk.
Acme Packing 40 50
Curtis Aero com 4% sft
Curtis Aero pfd 24*4 26
Boston Montana 21 21
Boston A Montana Corp .. 1 1116
Goldfield Con 7 9
.Til'llbo Extension 3 5
Internattonl Petroleum .... 22ft 22%
Kirby oil 12 12%
Nlplrslng 6 0%
Standard Motors 4% fft
Sait Creek 17% 17%
Tonopah Extension 1% 11-16
Tonopnh Mining 1% 2
United F. S. new 7 8
U. S. Light & Heat 2% 2ft
r. S. Light* Heat pfd 1% 1%
YVriitbf-Martin 2 5
Y ukon Gold Mine Cos 1 1%
Jerome
New Cornelia 17% 1.8
I'nited Verde 28 28ft
Sequoyah 3 12
Omar Dll 2 2-16 2%
Republic Tire 60 70
NEW YORK METAL MARKET.
NEW Y'ORK, April 2.—Copper—Quiet ;
nil positions offered, 12%e. Lead- —Quiet;
all positions offered, sftc. Spelter—Quiet;
spot and May offered, 5.05 c; June and
July offered, 5.10 c.
NEW YORK HIDES.
NEW YORK, May 2 Hides were dull
on the market today, native steer hides
being quoted at 13c and branded steer
hides at 12c per pound.
NEW YORK WOOL.
NEW Y’ORIx, Msy 2. —Wool prices xvere
firm un the market todny, prices of the
past week being well maintained.
STANDARD OIL OF INDIANA.
Sales, 14.000 shares.
Open, 105%; high, 105%; low, 103%;
close, 104%.
INDIANA DAILY TIMES
GRAIN MARKET
TRADE IS DULL
Prices Fluctuate Irregularly
—May Wheat Is Strong.
CHICAGO, May 2.—Trading was dull
on the Chicago Board of Trade today and
prices fluctuated irregularly.
Short covering caused May wheat to
show strength throughout .he day.
Corn cleared irregular.
Favorable planting weather was re
ported throughout the Mid-West.
Provisions were irregular.
May wheat opened up %c at $1.41% and
closed up 2ftc. July wheat opened un
changed at sl.2Bft nnd closed up ftc.
September wheat opened off ftc at $1.10%
and closed up ftc. May corn opened un
changed at 01 ftc and closed unchanged.
July corn opened unchanged at 65%c
nnd closed off ftc. September corn
opeued unchanged at 68%c and closed off
ftc.
May oats opened unchanged at 36ftc
and closed up ftc. July oats opened up
ftc at 40c and closed up %". September
oais opened up ftc at 41%c.
(By Thomson & McKinnon)
May 2--
YY’heat- What little firmness was dis
closed by Liverpool prices seems to have
been a matter of sympathy with North
American markets, nonetheless, the small
advance abroad was reflected here.
Broomhall, in reviewing the international
situation, seetns confident that North and
South America will be able to supply the
needs of importing countries, pending a
new crop. Foreign cables were indiffer
ent in tone with no evidence of urgency
in the situation or demand. Seaboard
estimates 500.000 bushels sold In all posi
tions, both new and old. Receipts in the
Southwest were smaller than expected,
while the principal Canadian market en
countered a very free movement. There
is no change in the domestic flour sit
uation millers were reluctant to follow*
th advance in the Minneapolis market,
tlie result being a lowering of premiums
for cash wheat which was not particu
larly desirable. It is becoming more evi
dent each day that developments of some
nature necessary if there Is to be a broad
revival of interest in the market. Just
now there is great indifference displayed
by the milling trade, the Importing coun
tries and the investor. This Immediate
condition may milltHte against any ad
vance nnd possibly bring about a slight
decline, but the accepted world's situation
of small reserves of old wheat, together
with the belief that North America holds
liit* balance of power in tbe making of
futur.* prices will produce an undertone
of firmness at all times.
Corn and Oats The corn delivered on
May contracts yesterday seems not to
have found a resting place, considerable
of it being re-edeUxcred this morning,
however, leading cash interests continue
taking what May corn Is offered, but
selling July against the purchase. Offer
lugs from the country have not been
stimulated by the slight advance in
price and it is not expected that there
iv4l ibu any free movement to terminal
markets until after planting is com
ploti M i. There is considerable friendliness
displayed to both corn and oats, but as
In wheat, the consumer and the outside
Investor are apathetic.
Provisions Rather large deliveries of
lard went Into the hands of packing itt
tene-ts, which fact strengthened the en
tire market. Demand ■ itt'*red, thu tea
ture being absence of offerings. Receipts
..f .11 win'ern points art* larger than
last year and there is a feeling that hog
pi!,.’ are destined lower. Tills should
prevent any Immediate advance in prod
uct
CHICAGO GRAIN TABI.E.
May 2
WHEAT—I Dpi-n High. how. Close.
May.... 1.11% 143 8) LD% 14 ■
July.... 1- s 1.28 ft 1.27 * 1 '-'8 "a
Sf-pt.... 1.19; .20% 1 19% 1 19ft
CORN—
May .61 h .02% .01% .01 ;*
July.... .05% .09 ■<*■_•% 0" >
Sept o*% .06 -O. % Aiß
OAT S
Max* ... .36ft .37ft 7k- * $
July 40 .49% .4" A"*
Sept 11% 13 .41 :* .11*
I’D UK
•Max -hbO
LARD—
May.... 10.90 19 97 10 90 19 95
ji.lv 11.19 11.20 11.10 11.20
Sept.... 11.40 11.42 11 40 11.12
'"m.lv 11.97 11 97 1195 11-95
.1 ,:, \ 11.50 11.30 11 20 11 2*l
t 08% 198% 108% I.oßft
July..'.'. 1.04% 1.05 ft 1.1*4% 1.05
Sept.... .'.'B .98ft .98 .06 ft
•Nominal.
('lllt U.O CASH GR YIN.
CHICAGO, May 2 Wheat No. 2 red,
$1.43811.43**, No. 1 hard winter, $1 1%
No 2 hard w inter, $1.435(41.40N0. 3
hard winter. $1.40% Corn No. 2 mixed,
2%f(iii2V: * N " - "•‘lt*’. GfttJWftc; No. 2
vel low, 03 fR OS %c ; No. 3 mixed, 01 %M
01%’ \c 3 xi bite, 02 %% I >2 %" . No. 3
yellow. Clftf<ld2%e; No. I mixed. MlftU
tioft. ; No. 4 white, ttlij£o2ftc; N" 4 vel
1,,W. 01*.*C Data N". 2 White, 4010,42%";
N... 3 white, 38%'B30ftc; No. 4 white,
37**''u38%c.
PRIMARY MARKETS.
(By Thomson A McKinnon.)
May 2.
—Receipts—
Wheat. Corn. Oat*.
fit. Joseph 22,000 22,000
Chicago 202,0**1 COI.OIK) 321,000
Milwaukee* ... 4.000 7 4.000 108,000
Minneapolis.. 253.000 21.04)0 52.000
Duluth 143.000 0,04*1 32,000
St Loil'B 47,009 51,000 CO.OOO
Toledo 14.00 14,000 6,000
Detroit ...... 12.009 6.00*1 10.4*0
Kansas City.. 122.000 45,000 14.000
Peoria 2,000 80,000 48.000
Omaha .... 48,000 156,000 10,000
ludianapolls... 7,00 40,000 54,000
Totals 676.000 1.005,000 703,000
Year ago... 762,000 546,000 404,000
—Shipments -
Wheat. Corn, Oats
St Jeseph... 1.8,000 46,009 2.000
Chicago 20,000 222,9*10 221.0**’
Milwaukee ... 11.0**1 335.000 10,48X1
Minneapolis... 83/sio 54,000 174,000
i Duluth 475.0**1
'st Louis.... 09.000 182,000 6.8.000
Toledo 15,000 8.000 7.09*1
Detroit 4.4*10 4.090
Kansas City.. 173,090 45.000 31,000
Peoria .. . 1,4*10 8.000 38.000
Omaha 64,4X1*) 113.000 34.01 X)
Indianapolis 10,000 8.000
Totals 801,000 872,000 607.000
Year age... 644,000 1,302,000 502,0iX)
—Clearances—
Wheat. Com, Oats.
New York ... 06,000 25,000 103.000
Baltimore 43,000
Totals ... 86.000 68,000 103.090
* Year ago... 295,000 04,(XX) 187,000
INDIANAPOLIS ( ASII GRAIN.
—May 2
Bids for car b'ts cf grain and hny at
the call of the Indianapolis Board ot
Trade xvere:
Wheat—Firm; No. 2 red. $1,426(1.43.
Corn-Strong; No. 3 white, C4(f(6sc;
Nil. 4 white, 63ift;64e; No. 3 yellow, 64 (<ii
(irk*: No. 4 yellow. 63ft 64c; No. 3 mixed,
62ft4763Vi c ; No. 4 mixed. 61%4f1(62%c.
Oats—Firm; No. 2 xvhite, 41*%@42ftc;
N%. 3 xvhite, 49>’lff(41ftc.
Hay—Steadv: No. 1 ttraothv. sl9ftlo 5O:
No. 2 tituutn ■’ 18.50 ft; 19; No. 1 light
clox*er mixed, ',18.50; No. 1 clover,
$19.50(3'24.50.
—lnspections
Wheat—No. 3 red, 2 cars; No. 4 red.
1 car: No. 4 mixed, 1 car; No. 4 dark
northern spring. 1 cur; total. 5 cars.
Corn—No. 4 white. 1 car; No. 4 yellow.
2 cars; No. 6 yellow, 4 cars; sample yel
low, l car; No. 3 mixed, 1 car; No. 4
mixed, 4 cars; No. 6 mixed, 1 car; total,
14 cars.
Oats—No. 2 white, 2 cars; No. 3 white,
6 cars: total, 8 cars.
Rye—No. 3, 1 cur.
WAGON WHEAT PRICES.
Indianapolis flour milts and elevators
yesterday were paying $1.35 per bushel
for No. I red winter wheat; $1.33 for No.
2 red winter and according to test for
Ne. S red winter
lIAY MARKET.
The following are the Indianapolis
prices for hay, by the wagon load, de
ilvered tn Indianapolis:
Hay—Loose timothy, $17@18; mixed
nay, $16(1117; baled hay. sl7ftlß.
Oats —New, per bushel, 42<345c.
Corn—Both old and new, per bushel. 60
zß3c
WHOLESALE BEEF PRICKS.
The following are today s wholesale
prices for beef cuts as sold on the In
dianapolis markets of Swtfl & Company:
Ribs—No. *2, 18c; No. 3.15 c. Rounds—
No. 2. 14cJ§No. 3.13 c. Loins No. 2.
20c; No. 3, Be. Chucks—No. 2, lie: No.
3.10 c PlaPt—No. 2,7 c; No. 3. oc.
Local Stock Exchange
—April 2
STOCKS.
Bid Ask.
Ind. Ry & Light com 57
Ind. Ry. & Light pfd 78 ...
Indpls. St. Ry 45
Indpls. N. W. pfd 60
Indpls. Si S. E. pfd 60
T. H. T. & I. pfd 70
T. H., I. & E. com 5
T. H.. I. & E, pfd 15
U. T. of Ind. com 1
U. T. of Ind. Ist pfd 4% 9%
U. T. of Ind. 2d pfd 2
Advance Rumely Cos pfd ...
Advance-Rumely com 17ft ...
Am. Central Life 20
Am. Creosoting pfd 94
Belt R R. pfd 50
Belt R. It. com 6t ...
Century Bldg. Cos pfd 93ft ...
Citizens Gas Cos 2u ...
City Service com 225 230
City Service Cos. pfd 64ft 67ft
Dodge Mfg. Cos. pfd 85
Home Brewing 47
But. Hotel com 86ft ...
Ind. Hotel to pfd 99
Ind. Nat Life Ins. Cos 2
Ind. Title Guarantee 71
Ind. Pipe Line 09
Indpls. Abattoir pfd 45 ...
indpls Gas 44 ...
Indpls. Tel. pfd 90
Indpls Tel. coni 2
Mer. Pub. t til pfd 48
Natl. Muter Car Cos 1 4
Pub. Sa. Ins Cos sft ...
Ilauh Fer. pfd 47 * ...
Stand Dll of Indiana 10!
Sterling Fire Ins. Cos 7% ...
Van Camp Hdw pfd 90
Van Camp Prod. Ist pfd 100
Van Camp Prod. 2<i pfd 101
Y’andalia Coal Cos. com 1 6
Vandalia Coal Cos. pfil 7ft
Wabash Ry. pfd 31% 35%
YY'abash Uy. com 10ft 14%
BONDS.
Broad Ripple 5s
Citizens St. Ky. 5s 78
Indian 4,’reek Coal A Mina 6s ... I<X)
Ind Coke A Gcs 5s ... 86
Indplß. C. A 8 5s 91st ...
Indpls. A Martinsville 55.... 53 ...
Indpls. A North. 5s 39ft 44ft
Indpls. Street Ky. 4s 57% 62
Inc pis. A N. \V. 5s 48ft 52ft
Indpls A S E. 5s 43
Indpls, Sheib A S. E. 5s 75
T. H„ I. A E. 5s 55
Indpls. G* 5§ 85
Citizens Gas 84ft 89
Kokomo, M. A W. 5s 85 ...
Ind Hotel Cos 6s 97ft ...
Indpls YY’ater 5s 95 ...
Indpls Water 4fts 81 85
indpls. T. A T 78
Indpls. L. A H. 5s 89 04
U T. of Ind. 6s 50 ...
Mer. 11. & L. 5s 08% ...
New Tel L. I*. 3s 96ft
New Tel Ist 6s 06ft ...
Sou. Ind Power 6s 86ft 91st
bKx dividend.
CORN AND WHEAT BULLETIN.
For the twenty four hours ending at 7
a m , Tuesday. May 2, 1922:
] Temper j I
atur. i
; c * a
Btstlons ot g ; _ C*ej= m
Indianapolis ! t ! -c " ■ —o K
District. i? 7 t- £.*£
t = TJo -
South Bend |73j 55 I 0 { Good
Angola 72 54 ' 0 Good
F* Wayne 7t 56 0
Wheat Held ITO 53 0 Fair
Koval Center ... 72 54 i 0 Good
Marlon |74 52 i 0 Good
i.aluyette 73 s*l , 0 Good
Farmland . 76 53 9 i Good
Indianapolis ...' 74 59 0 (, od
Cambridge City. 74 44 0 Good
Terre Haute ....'76 56 0
Bloomington .. . 75 57 0 1 Good
< oiumbus 78 59 p Good
Vincennes .... 79 56 9 I Good
I’soll . . 1 75 54 0 Good
Evansville 76 60 0
_— M | NaTO jg'
Meteorologist. Weather Bureau.
CHICAGO rfiOniTE.
CHICAGO, May 2. Butter Receipts,
11,800 tubs; creamery extras. SSc; stand
nrds, 38c; firsts, 37"; pa,-king stoek,
15(f.’. 17c. Eggs Re-clots. 49.000 cases;
rurrent re<-elp;s (noi quoted); ordinary
firsts. 2J'q22e. firsts, 22fft22'ic; cheeks
20'if21 C ; dirties, 21&22r. Cheese-Twins!
new, 14ftfi.LV; Daisies. 15fi15%c; Voting
Americas, tfifilHc; Longhorns. 15 ICc
Bricks lltflfiftc Live F.viiltrv Tur
keys, 39"; chickens. 26ftc; roosters, 18c;
geese, 19c; ducks, 31c.
CLEVELAND PRODUCE.
CLEVELAND, May 2. Rutter Ex
tra. 45'a*(il6c ■ prints. 46ft©470 ; firsts
44ftfi45c; packing stock. K@l,*' Eggs'
Fresh. 29c; Dhlo firsts, 25 ft % 20c
Oleomargarine, 21fi22c; high grade an i
i”a! oils. 22fif22ftc; lower grades litrt 17<*
Cheese York State. 22ft*g23c. Poultry -
Live fowls, 30fi.31e; roosters. 18c- broil
ers, 40@tXV; yearlings, 30fi31c.
$1,000,000
1%0
Five Year General and Refunding Gold Bonds
of the
CITIZENS GAS COMPANY
of Indianapolis
This issue creates no new debt whatever. It is for the
purpose of refunding a $1,500,000 issue of May !, 1918,
of which the company has paid off and canceled $500,-
000, or one-third of the issue.
Data as to new Issue;
Dated May 1, 1922. Maturity, May 1, 1927. Interest May 1 and November 1.
Interest and principal payable at the Fletcher American National Bank, Indian
apolis, trustie, under indenture securing the issue. Bonds in coupon form. May bo
registered as to principal. Option to call at 104 and interest.
Os the above issue, only $450,000, or such portion of the same as are not exchanged for bondg
maturing May 1, are presently offered the public. .Asa considerable portion already have been
exchanged, the undersigned can offer only a limited number for sale. Holders of the old bonds
maturing May 1,1923, may have the privilege of exchanging for these new five-year bonds for a
certain period, which may be terminated without notice.
With the refunding complete, this issue also will have ns collateral $650,000 of Citizens Gas
Company’s Old First Mortgage ss, which were up as collateral under the issue being refunded.
The Citizens Gas Company controls without competition the entire gas business of Indianap
olis, a city of 335,000 people. It has over 66,000 patrons.
Free of this Issue:
Par and Accrued Interest
To Yield 7%
Orders may be phoned or wired at our expense
Gavin L. Payne Company Fletcher American Company
126 East Market Street Pennsylvania and Market Streets
I Indianapolis.
SWINE PRICES
SHARPLY LOWER
Cattle Mart Values Steady—
Veals Advance.
RANGE Os HOG PRICES.
Good Good Good
Apr!) Mixed. Heavy Light
2u. $ 10.55 10.50 $10.50 <Q 10.55
28. 10.80 <0! 10.70 1 05S<S- 10.70 10.70 @ 10.75
27. 10.50@10.60 10.45010.50 10.60
28. 10.70010.80 10.650-10.80 10.80010.85
29. 10.70010.80 10.65010.80 10.80010.83
May
1. 10 76010.85 10.70010.85 10.85 010.90
2. 10.60@10.65 10.50@10.65 10.60010.65
With receipts close to 6,000, sxvlne
prices xvere 20 cents lower generally in
trade on the local live stock exchange
today. Both the shipping and the pack
ing demands were fair, and a fair clear
ance for the day was anticipated.
There was an extreme too of $10.70 on
light swine, while the bulk of the sales
were made at $10.65.
Caitie values were steady generally,
with receipts around 700 for the day,
the quality fair and packing demand
good. Trading was of a fair nature.
Veals were strong and 50 cents higher
generally, with receipts light and the
shipping demand brisk. There were
close to 400 calves on the market during
the day.
There was a top of $lO on choice veals,
while the bulk of the good to choice
x-cals sold at $9fi9.30.
Sheep and lamb prices were steady
generally. Receipts xxere light and the
quality fair to good. There were close
to 125 on the market.
HOGS.
100 to ISO lbs. average ... slo.GOfi 10.05
! Over 300 lbs 10.5u@1U.00
| b>o Ibs. to 300 lbs 10.50& 10.63
! Best pigs, under 140 lbs. ... 10.00@10.63
Top 10 70
Roughs b.tm® 9.0)
Slags C.tO@ 7.50
Bulk of sales 10.65
—Cattle—
Prime corn-fed steers, 1,000 to
I.SOO Ibs 800® 8.50
Good to choice steers, 1,200 to
1.300 ibs 7.25® 7.75
Good to choice steers, 1,100 to
1 I.2’X) ibs 8.75® 7.25
Good to choice steers, 1,000 to
I 1.100 lbs 6.00® 6.25
Comtnou to medium steers
| SIX) to 1,800 lbs 5.75® 600
—Coxvs and Heifers—
Good to choice heifers 8.0”@ 8.50
Medium heif-’rs 7.50® 8,00
I Common to medium heifers.. 66.50® 7.U0
; Good to choice cows 6.59® 7.25
Fair to medium cow* 4 75® 6DO
Fanners 3.00® 4.00
Cutters 3.06® 3.73
—Balls—
j Fancy butcher bulls 5 75® 6.50
Good to chol'e butcher bulls.. 5.00® 6.25
Pi -, t.ll bulls 4.00® 4 75
Light blogna bulls 3.5*)@ 400
Light common bulls 3.25® 3."0
—Calves—
Choice veals 9.00® 10.00
! Good veals 8.30@ 9JX)
j Medium veals 7.54y<r .’vs*i
Common to heavyweight vea'.s T'o i T.5'J
j Lightweight veals C ou@ 7.0 )
—Stookrrs and Feeders—
Good to choice steers under
.800 Ibs 6 25® 7.50
Medium cows B.oo® 4 DO
Good cows 3.75® 4 75
Good heifers 6(X)@ 7.1 X)
Medium to good heifers 4.50® 6.00
—Nheeo and Lambs—
Cull ewes 2.50® 5 Oil
Good to choice ewes 5.50® 5.50
Burks 2.50® 3.50
; Clipped lambs 10 00@12.50
XX ""I iam% 12.1X>% 1.1.50
Hpringers 14 00@16.00
Burk lambs o.oo® 7)W
Cutis 4.00® 6.00
Other Livestock
CHICAGO, May 2—Hogs—Receipts. 23.-
i 000; market 10®20c lower; bulk of sales.
slo® 10.45: toil. $10.59: heavies. sUK(.’.lt'2s
mediums $lO 25® 10.45. lights, $lO 40®
: 10 s*i: light lights. $10.25® 10 45; heavy
parking huxvs, smooth, $9.35@9.80; park
!ng sows, rough. $9(0.9.40 pigs, $9.75®
i 10.40. Cattle—Receipts, 11,000; market
steady to strong Beef steers—-Choice
and prime s*■> t55@9.25; medium and
good. $7 50@8 63: light weight, $7@7.50;
K”"‘l and choice, $8.25@9.10; common and
: medium. $7@5,23. liuteher cattle Heif
ers. $5 7.V0.8.69 cows, $4.75@7.35; liui's.
$4 (15® 6.85 Can tiers and "titters—Cows
i nnd heifers. $3 65@4 75; ranner tseers,
$4 .50®5 75 : veal calves, light and handy
weight, s6® 8; feeder steers. $6.15®*.75 :
Stocker steers, $5.85@7.65; stocker cows
and heifers. $4 15® 6. Sheep and lambs
- -Receipts. 13.1 XX), market steady to 50c
lower on springers: good to choice lambs.
sl2® 14 55 : eull and common lambs. $9 50
j @l2; springers, $14@18.75. yearling weth
ers, $9.70@13: ewes. $8@9.50; cull and
common lambs, $3.25@7.
CINCINNATI, May 2.—Hogs—Receipts.
3.700; market steady to 10c lower: all
grades good hogs. $10.65; pigs. $10.25;
roughs, $8.50: stags, $3.25. (tattle —Re-
ceipts, 400; market steady: bulls strong;
calx’es, $9 . Sheep and lambs—Receipts.
500; market steady; ewes. $8; clipped
ewes, s6@7; lambs lower, $lB and down.
Cleveland, May 2.—Hogs—Receipts,
2,<)*>); market, 10c to 15c lower: yorkers,
mixed and mediums, $11.15, pigs, $11;
roughs, $6.85; stags, $5.50. Cattle—Re
ceipts, 200; market, steady. Sheep and
lambs —Receipts, 500; market, slow; top,
sls. Calves—Receipts, 200; market,
strong; top, $lO.
SIOUX CITY, lowa, May 2.—Receipts,
7.909; market, o to 15c lower: range,
$8.50® 10.10: bulk of sales. $9.65@10.00.
Cattle—Receipts. 2.500; market, steady;
short feds. $0.50@8.50; fed butchers. $.5.00
@7.50; stockers and yearlings, $5.50@7.50:
feeders, $6.00® 7.(8); feeding cows and
heifers, $3.73@5.75. Sheep— Receipts, 700;
market, strong.
EAST ST. LOUIS. May 2—Hogs—Re
ceipts. 16.500: market 5 cents loxver;
mixed and butchers. $10;33@ 10.50; good
heavies. $10.30® 10.5<); roughs, $8.75@9;
lights. $1040®10.-15: pigs. s9® 10 35; htilk
of sales. $10.40® 10.45. Cattle —Receipts,
5.500; market, slow steady; natix-e beef
steers, $5.35®9; yearling steers and
heifers. $8.25®!); cows. $4.50@6,50; Stock
ers and .feeders. $4.25@6.85: calves, s3®
8.25; canners and "Utters, $3®4.25. Sheep
and lambs Receipts, 2,000: market,
steady; mutton ewes, $8.11)@9: good to
choice lambs. $13@14 50; canners and
choppers, $1.50@4.
PITTSBURGH, May 2.—Hogs—Re
ceipts. 1,800; market steady; prime heav
ies. slo.Bo® 10.00; mediums. sll2o@n.3*>:
heavy yorkers, $11.20@11.35; pigs, f%.3"@
11.35; rough.!, $8@8.75; stags, $5@5.2';
heavy mixed, [e-mail]. Cattle—Receipts
light; market steady. Calves—Receipts
light; market steady; veal calves, $9.50;
heavy and thin calves. $4(48. Sheep and
lambs Receipts, I.'XX): market steady;
prime xvethers, $0.25@9 75; good mixed,
ss@9; fair mixed. $6@7.50; culls and com
mons, s2@4; choice lambs, $15.50® 15.75;
springers. $15®20.
EAST BUFFALO. sla.v 2.—Hogs—Re
ceipts. 1,120; market, active; yorkers,
sll :i'@'ll 69; pigs. $11.50(411.00: mixed,
$11.85® 11.60; heavies, $11.10@11.35;
roughs, s'J@9.2s; stags, ss@6. Cattle—
Receipts, 1(X>; market, active; shipping
steers, SB@S.6O; butcher grades $7.25@
8.4'); heifers, s,>.so@,s; coxvs. $2.0 @6.75;
bulls, $3.75® 6; feeders. ss@6.3’>; miik
cows and springers, $43@125. Caives—•
Receipts. 209; market, active; cull to
choice, Sheep nnd lambs—Re
ceipts. 2.9i*i; market, slow• choice lambs,
si.'.®; 15.25; -'CI to fair, 5i@14.75; year
lings, s.s® 12 ; sheep, s3® 10.
In the Cotton Market
NEW YORK, May 2.—Frivate reports
of further heavy rains In Texas at the
opening us the cotton market today at
tracted active support from commission
houses, which s ,ml initial prices up 10
to 17 points and to new high levels for
tho season *u late months.
Japanese and New Orb-ans interests
■old. while Wall Street xvas a buyer.
The upturn ron'lnued after th** start,
prices ri.-ltig about 27 puints over yes
terday's close.
New lurk opening eotton prices: May,
18.89 c; July, l'.2*V*; October, 18 40c; No
vember. 18.25": December, 15.45 c; Jan
uary. 18.3!*e March, D 14".
The market was strong in the late
dealings, closing at a net advance of 63
We Wiii Buy or Set!
Duesenberg Auto A Motors Automatic Control
Hoosler Rolling M'.ii Bonds Continental Clay
Federal Finance Lomer Armored Tire
U. S. Automotive Quality Tire and Rubber
Continental Finarce <1 Sec. Dodge Manufacturing
Stevens Duryea O'Dell Rubber
Davis Sewing Machine National Underwriter
Cleveland Discount *' Cotton Belt Land & Dev.
We are prepared to deal In all Indianapolis
Bank and Trust Company Stocks.
Everett & Company
40 West Ohio Street —Suite 5 Telephone Circle 7612
Indiana Securities Commission Dealer's License No. 13.
TANARUS/ Unlisted Stocks newton
SELL See Local Curb Market. 415 Lemcko Bldg. . I UUU
MAY 2,1922.
to 91 points. Spot cotton xvas steady,
being 95 points higher at 19.90 c.
—Cotton Futures—
Dpen High. Low. Close.
January 18.39 18.95 18.39 18.86
March 18.44 BUM 18.44 IS.9S
May 18.80 19.70 18.78 19.60
.Tilly 18.10 18.93 18.16 18.87
October 18.49 19.05 18.35 19.00
December 18.43 19.07 18.45 19.0$
COTTON REVIEW.
NEW YORK May 2.—Trading in the
cotton market today xvas the most ac
tive that xve have had in some time xvith
a general demand for contracts from
shoots, commission houses and trade lu
te rests.
All evidently begin to realize what
recently transpired in the South by
son cf rains and floods.
The crop Is going to be late and mor
subject t" the ravages of insect.) than
would otherwise be possible, and with
this x\*e have not only a rapidly decreas
ing supply of cotton, but also a rea
sonable prospect of a much greater de
mand.
It therefore seems to us that higher
prices are likely and would contiue the
policy of buying new crop contracts on
reactions.
LIVERPOOL, May 2.—Spot cotton
opeued quiet today. Prices xvere firmer
and sales around 6,000 bales.
American middlings, fair, ll.'JOd; good
mbldlitigs. 10.90d ; full middlings, IO.6O1I;
middlings. 10.45d; low middlings, 9.93d;
good ordinary, 9.10d; ordinary, B.o<tii.
Futures also opeued rather quiet.
Weather
The following table shows ‘ha state of
the weather at 7 a. m.. May 2, as ob
served by C. S. Weather Bureaus;
Station. Bar. Temp. Weather.
Inflianaoplis, Ind. 30.23 63 Cloudy
Atlanta. Ga 30.32 5$ Cloudy
Amarillo, Texas.... 29.94 54 Cloudy
Bismarck, N. D 29 80 48 Clear
Boston, Mass 30.24 62 Clear
Chicago, 111 30.20 60 PtCldy
Cincinnati, 0hi0... 30.28 56 Cloudy
Cleveland, 0hi0... 30.28 54 Cloudy
Denver, Colo 30.00 44 Clear
Dodge City. Kan.. 29.98 56 Cloudy
Helena, Mont 2!>,78 44 Rain
Jacksonville, Fla.. 30.26 72 Clear
Kansas Citv, Mo.. 30.06 60 Cloudy
Louisville, Ky 30 26 64 PtCldy
Little Rock, Ark.. 30.08 58 Rain
Los Angeles, Cal.. 29 98 52 Cloudy
Mobile, Ala 30.10 70 Cloudy
New Orleans, La.. 30.02 72 <'i,ml^
New York. N. Y. . 30.36 52 C’-aflW
Norfolk. Va 30 42 60 PtCMy
Oklahoma City 30.00 60 Cloudy
Omaha. Neb 30.00 58 PtCldy
Philadelphia, Pa.. 30.38 52 Clear
Pittsburgh, Pa.... 30.32 58 PtCldy
Portland. Ore 30.12 44 Rain
Rapid City, S. D... 29.92 48 Clear
Roseburg, 0re.... 34 20 48 Cloudy
San Antonio, Texas 29.94 66 Cloudy
San Francisco, Cal. 30.00 50 I’tCidy
St. Louis, Mo 30.12 60 Cloudy
St. Paul. Minn 29.98 56 Cloudy
Tampa. Fla 29 78 72 PtCldy
YVashlngton, D. C. 30.36 56- Cloudy
WEATHER CONDITIONS.
The axis of the Western dUtnrbanoa
has remained rrtuly stationary, but its
Northern center has developed consider
ably. Rains have fallen in the Southern
States, being heavy in parts of Texas,
while showers have occurred in the areas
northward to Canada in the States west
of the Mississippi River. Temperatures
haxe continued to rise in tho eastern
Half of the country, and the readings
also are higher over the Ear YVest.