Indiana daily times. [volume], May 03, 1922, Final Edition, Page 10, Image 10

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

Image provided by: Indiana State Library

                
10
SHOWS FIRM
UNDERTONE AS
SALES DECLINE
Market Generally Displays
Strength Under Pressure
of Trading.
OILS IN STRIKING GAINS
racial to Indiana Dally Times
id Philadelphia Public Ledger.
BY MONITOR.
NEW YORK. May 3.— Notwithstanding
further drop in the volume of trading
Tuesday's stock market displayed a gen
rally firm undertone. Interest was con
fined largely to the industrials, however,
ind the rails showed s tendency to drag.
Good buying made ’ts appearance among
tie equipments, oils, rubber and tire
?sues, the merchandising stocks and nu
erous specialties. Steel moved within
narrow range.
One of the most striking advances of
le day occurred in Associated Oil and
ds natur lly has some effect on the
lares of Pacific Oil on account of Its
'■mmanding position in Associated. There
as good buying of both Baldwin and
uneriean Locomotive, largely on account
■ f reports of the big orders thus far re
vived by American Locomotive.
Conflicting rumors were in circulation
■ garding the disposition of the Russian
■>il fields by the soviet government, but
n spite of tactical denial there is good
reason for believing that Royal Dutch
practically assured of valuable conces
sions In the Bs'rr and Batum fields.
Among th niscellanedus issues. Amer
r 1 Merer itie Marine shares, Allied
'hemical, Manhattan Elevated. I'nited
,- ruit. General Cigar and the G. Kaiser
-sues were strong.
The slowing up in the face of the mar
ket seems to have resulted more or less
from a state of speculative apathy, which
is believed to be only temporary. Out
side news, while not unfavorable. Is not
particularly stimulating, and the evident
indention of Congress to jam through
the bonus bill Is far from encouraging.
There is decidedly more activity in the
coq|.-no(lities, particularly cotton. Buy
ing of this staple is based largely on
fears of crop damage, although recent
authoritative statements regarding In
creased world consumption supply a
strong background for bullish operations.
1 his market closed at the top, with some
of the contract positions making a
maximum advani*e of 100 points over
previous days closing.—Copyright, 1922,
by Public Ledget Company.
I WALL STREET GOSSIP
BY MONITOR.
NEW YORK. May 3 Royal Dutch
and Standard Oil of New Jersey divided
Interest in the oil group yesterday be
cause of conflicting cable advices regard
ing possible Royal Dutch operations in
Russia. The first cables had it that the
Koyal Dutch interest had been granted
valuahle oil concessions in the best oil
sections <>f Russia. These were followed
by cabled denials from Royal Dutch in
terest at Genoa and a denial by Krassin
of the Russian delegation there While
these cables were coming In, Standard
•til of New jersey broke about four
points from Monday's price. Then the
na'tiral assumption Is that Standard of
New Jersey was sold by the traders who
were disappointed by the fact that this
company did not secure the Russian oil
property.
While surface denials of the Royal
Dutch Company were made abroad and
local Interests were not disposed to dis
-piss the snhjc- t, private cables from re
/ !_bn- sources were optimistic upon t fie
Royal Dutch prospects and the trend of
• bese adV: t*. the effect that tile
agreement with this interest would be
put into early operation.
A local banker who has been prominent
i, independent steel financing lately de
dared that the seven company steei
merger was apparently a question de
pendng entirely upon the outcome of the
inspection trip now being made to the
various plants ->f the companies proposed
foi consolidation.
Braden A Kennecott reports for 1921
•>ere further reflections of the poor con j
-lions of the copper market for last
year. Braden showed a deficit of $5,013.-
20 against a 1920 deficit of $2.179.935.
Kennecott's deficit w as $389,858 as against
a surplus of $1.4i>9.39s the previous year
However the Kennecott report carries
'he $1,141,200 capital distribution made
hr i'tab credited to investment account.
At the present time the copper market is
in such goioi shape that reports such 33
those now being issued are accepted as
reflective of conditions which have
■cased to exist and to have been fully
discounted.
Eastman Kodak shows a verr good
statement for 1921. al.bough not'quite so
good ns in the previous year. The com
pany's net was 514.165.561 which, after
preferred dividends, leaves $68.67 for the
outstanding common as compared with
*92.-13 on the common in 1920.
Improvement in the general railroad
and industrial conditions is shown to ex
ceptional advantage by current condi
tions in the American Locomotive Com
pany. The April business of this com
patio included 221 engines on domestic
orders and eleven on foreign orders, this
being the largest single month's bust
ness in years. The total for the first four
months of tho year was 2/10 locomotives.
The full significance of this improve
ment Is found when it is noted that the
total of domestic orders received by ail
locomotive companies in the Cnited States
in 1921. a mounted to but 239 engines or
1S more than were received | n one month
bv the American Locomotive Company
alone this year.
General Motor? is meeting with a much
broader market and apparently some of
iho speculative interest which has
dropped off from Chandler and Stude
b*ke r because of the high-priced trading
area these two have reached, is now com
ing into this Issue. General Motors, one
of the largest industrial combines in the
entire country, is progressing quietly
but steadily, and the heavy increase in
demand for motor cars of all descrip
inns Is not passing this eompanv Earn
ing powers are improving ami with the
preferred requirements apparently well
in hand, traders are he Inning to con
sider the possibility of dividends on the
•oinmon later in the year.
Manhattan Electric Supply showed the
! effects of a too rapid appreciation In
market valuation. This issue ptnb
iis bed anew high in Monday trading,
but today dropped sharply 'and met
with little support tinti! anew trading
area, six points below yesterday's high
lmd been made. Apparently much of the
company's advance had been based on
sent.mental reason?, as it is easy to over
estimate the actual possibilities’ of profit
from a fad such as the radio. Man
hattan has been doing a good business
in this line, but so have several other
companies, and with new-comers enter
ing the field steadily, it is apparent that
tiie larger profit? should soon lie elimi
nated by competition and the market ad
justed on a stable basis according' to the
laws of supply and demand.
Improved conditions in the motor car
industry are reflected in advices from
tbe Dort Motor Car Company ol Clint.
Mich., (o the effect that production,
which for March averaged about forty
cars per day. is now more than luO cars
per day. Since Oct. 31. 1921. liabilities
have been reduced by S6 ( K),<SX) and cash
in bank increased SIOO,OOO and unfilled
orders will keep the plant running at
capacity for several months
Keystone and Kelly-Sprlngfield were
among the more active of the fire and
rubber stocks today. Keystone advancing
1 point, while Kelly was % point h'eher.
At the Kelly-Springfiold ’n-eMug h.-tc- to
day there was no snnouuc 'tacit t, ade
on the dividend question, but the fad
• r who were buying the -to k s itidily
are confident that the rising (ide of pros
perity in the motor companies with s’ml
iar prosperity in the tire and tutbir
inditetry as a natural complement, snouid
make a basis that will jusrify ilii.-dend
consideration later in the year—Copy
right, 1922, by Public Ledger Company.
A. T. Stack Exchange
i (By Thomson & McKinnon.j
—May 3 Prev.
High. Low. Close. Close,
i Ad.-Rum. com.. 18% 18% lb
i Ajax Rubber . 17% 17% 17% 17%
I Allied Chemical 67% 67 67 : *s <l7
, Allia-Chalmers . 1*0 1 * 50 50** 50%
i Am. Bosch Mag. 45% 40% 47% 45%
Am. Can 49% 48% 48% 49
Am. Car. A- F.IH- 102 102 10144
American Ice ..107 1(0 100 108
Am. H. &L. . 15% 13% 15% ••••
Am. Inter. C. . 40% 40% 46% 40*/*
Am. Loco 117 110*4 116% 110*4
Am. Steel F. . 39% 38% 39% 39%
Am. S. A Kef. . 58% 58% 58V* 58%
Am. Sugar Rt/. 76% 73% 75% 7.1 %
I Am. S. T. Cos. . 35% 34% 33% 35%
Am. Tel. & Tel.. 122% 122 122 121%
Am. Tobacco ...142 141 141 140%
i Am. Woolen 92% 91*4 91% 92
Anaconda 54 53 53% 53%
Atchison 101 % 100% 101 101
i At. C. Line 10<>% 100 100
At. G. & W. 1.. 38% 37% 37% 37%
Austen Nichols 25% 25% 25% 25%
Baldwin Loco..ll9V* 117% I.lBV* IJ9V4
B. & 0 48% 47 47% 47%
Beth. Steel 8.. 79 78'% 78% 78%
B. Rapid Tran.. 22% 22 22*4 22%
I California Pete.. 59% 57 58% 67
I Ca.i. Pac. Ry. ..142% 142 142 141%
■ Cent. Leather... 38% 37% 37% 38%
i Chand. Motor.. 76*4 75 % 75% 70%
: C. A 0 65 65 05 03
! C.M. A S.P.eom 27% 27 27% 27
C. A S.P.pfd. 44% 43 44 % 44%
Chi. AN. W.... 75*4 74% 74% 73
CRI A P.Opepfd 81% 81 81% 82
CRT A P.7pc pfd 95% 95% 95% 95%
Chili Copper .... 20% 19% 20 20
Cotup. & Tab.... 79 78 78 78
. Clu.-tt A P'body. 57% 57*4 57*4 58
; Chino Copper... 28% 28% 28%
! -Columbia Gas.. 89 87 89 88%
, Coca Coia 56% 56 50'* 56%
Col. Fuel A Iron 31% 30% 30% 51
Consol. Gas 117% 115% 117% 116
Contiu. Can 68% 68% <iS% 08%
Corn Products. .103 102; 102% 103%
Crucible Steel... 00% 65% 05% 05%
Cub. Am. Sugar. 22 4 22 22 22%
Cub. Cane Sug.. 10'* 13% 15% 15%
Del. A 5ud,0n..121 121 121 120%
De-. A Lack 113% 115 115% .....
Erie 13% 13% 13% 13’*
Erie l?t pfd... 23% 22% 23% 23%
Endieott A J... 84% 84% 81% 84
Fa n. Plays 81% 81 81 81%
; Fisk Rub. Cos 19% 19 19% 9%
! Gen. Asphalt ... 04 02% 62% 63%
i (Jon. Cigars 72 72 72 72%
Gen. Electric ...163% 163 163 104
Gen. Motors ... 13*4 12% 12% 13%
Goodrich 41% 41% 41% 42
G. Nor. pfd 75% 75% 75% 74%
G. Nor. Ore 40 £9% £9% S%
G. States Steel.. 87 83% 85% 80%
Hupp Motors.... 19% 19 19 194
Houston Oil 81 78% 80 78
Illinois Central 106% 106% 104% 107%
Indiahoma 4% 4% 4% 4%
Inspiration Cop. 41% 41 41 41%
Inter. Harvester 90% 96% 90% 95%
Inter. Nickel.... IS4 18% IS% 18%
Inter. Paper ... 54'* 52% 52% 53%
Invincible Oil . 18 17% I s 17%
*;an. C. South. 28% 2* 28% 28%
Kelly-Spring T.. 52 50% 50% 51%
Kennecott Cop.. 34 4 33% 33% 34
Lackawanna S.. 00% 59% 00 59%
Lee T. and Rub 34% 34% 34'* 34%
j Lima Loro 113 112*1* Ill's 112%
Lehigh Valley.. 03 4 62 % 62% 62%
Loews. Ine 174 174 17'* 174
Martin Parry 31% 31% 31% 31%
Marine com 27% 20% 26% '204
Marine pfd 87% SO4 80'* 86%
May Stores . ...122% 121% 122% 122
Marvland Oil . . 31 30* 30% 31
Mexican Pete.. 133% 131% 1324 11334
Miami Copper .. 29% 29 29% 29'*
Mid States 00l 154 H% 154 15%
Midvale Steel .. 38 4 37 % 37% jir4
Missouri Pac.... 24 4 23"* 23% 24
Mis. Pac. pfd 57 57 57 57%
Mont. A Ward. 224 21 % 21% 22%
National Lead.. 94 4 93 % 93% 93-*
Nev. Copper. .. 17% 174 17 j 17%
N. Y. Air Brake 79% 79% 79% 79 2
N. Y. Centra!... 90% 89 90 89*,
New Haven 28% 27 4 -7% 27
N. A W 107 4 106% 107'* 107%
North. Par 77% 76% 77% 70%
Okla. Refining.. 3% 34 34 34
Owen Buttle 3.1 % 35% 35% 30
Pacific Oil 60% 024 05% 02%
Pan. Am. Pet... 65% 64% 65% 65%
Penn*. Rv 41% 41% 41% 41%
People's Gas 87% 87 87% 87
Pere Marquette. 30% 29% 30% .<*'*
Pierce Arrow... 21 % 21% 21 % 22%
Pierce Oil C 0... 10** 10 10% 9%
Pull. Pal. Car.. 124% 124 124% 124%
Pure Oil 24% 33b. 344 2.4
Ry. Steel Epgs..lo3 1012 v* 102% 1*.3%
Reading 78% 77 774 77%
Rep. Iron A Stl. 65% 65 65% 65%
Repiogle Steel... 31% 31% 31% 31%
Roy. D os S. Y. 66% 63% 66 04
Sears Roebuck. 75% ~* 754 7-14
Sinclair 32% 31% 52% 32
Sloss-Sheffield. . 45 45 4.7 4.7%
Sou. Pac 90% 89% 90% 804
Sou. Rv 2.7% 24% 24% 24*,
STLASW. Rv .. 30% 30% 2,0% 30%:
Stand. Oil Cal. 120% 114% 120% 114% j
Stand. Oil N J. 191% 188 191% 188% j
STI.ASF com... 30% 30% 30% 30% j
Stewart Warner 40 39 % 40 39% :
Strom berg Ccrh. 56% 5.7% 50 .75%
Studebaker ... 123% 121% 121 % 122 %
Texas Gas .. .. 44% 43"* 43% 44
Texas Coal 31 % 29% 30% 30%.
Texas Cos 50 47% 50 47%
Texas Par 34% 33% 34% 33%
Tob. Prod 68% 67% 67% 07%
Trans. OH 11% 11% 11% 11%
Cnioff Oil 22% 22 22% 22%
T'nion Faclflc -.138 12,7% 137"* 137%
T'nlte 1 Drug ... 71% 71% 71% 71%
Cnited Fruit 144 143% 148% 143%
r S Retail Stores .72* 51% 52'a 52%
r S Cast I Pipe 36% 34% 3.7% 3.7 * j
T* S Ind Alcohol 50% 49% 541 .70'; !
C S Rubber 06% 6.7% 65% 60% |
U S Smelting.. 4! 41 41 41% I
C S Steel 78% 97% 97% 97% !
I' S Steel pfd..119 119 119 118%
I'tah Copper ... 60% 65'.. 65% 66% :
Vanadium Steel. 42% 42% 42% 42% 1
Wabash 11% 11*4 11% 11% !
Wabash Ist pfd. 32 3i 31% 31%
Worth. Pump.. .73*4 52% 33% 52%
West. Paeiflc.. 22% 22% 22% 22%
Wesths F.ler... 62 61% 62 62%
White Motors... 49 49 49 49
Willrs-Ocerland. 7% 7% 7"* 8
White Oil 11 Vi 10% 11% 10%
Wnolworth 100 160 160 160
Wilson A C 0.... 46% 40% 40% 46%
•Ex dividend.
NEW YORK LIBERTY BONDS.
—May 3 Prev.
High. Low. (."lose, close.
L. B. 3**>s 90.34 99.08 99.34 99.20
L. B. Ist 4s 99.56
L. B. 2d 4 s 99.34
L B. Ist 4%s 99.90 99.66 99.74 99.70
L. B. 2d 4% 99 50 99 4 2 99.48 99.46
L B. 3d 4%s 99.84 99.72 99 80 99.80
L. B. 4th 4%s ... 99.88 90.76 99.84 90 8 >
Victory 3%s 100.06 100.02 100.02 100.02
Victory -*%s 100.00 100.52 100.36 100.56
CHICAGO STOCKS.
(Bj Thomson & McKinnon)
—May 3
Open. High. Low. Close.
Arm. & Cos. pfd. 90%
Armor Leather.. 12%
C. O. A C. K. p 7. 8% 8% 8% Sl®
(\ El. Ry. pfd.. 6% 8 0% 8
Cudahy 65
Com. Edison 130%
Contln. Motor*.. 8% 8% 8% 8 s ?
Ear! Motors 3*4 3% 33%
Libbv McNeill.. 2% 32% 3
Mont. Ward 22 22% 21% 22
Nat. new 9% P-'i. 9% 9%
Pick A Cos 28% 28% 27% 27%
Pigglv Wig. A. 40% 48 40% 48
Reo Motor 24% 24', 24% 24%
Stewart Warner 39% 40% 39% 40
Swift A Cos 101% 10'% 101% 101%
Swift Inti 19% 21% 19% 20%
Thomp. (J. Ru. 49% 49% 45% 40%
Temtor Corn A.. 2%
T’nion C. A C... 58 58 57 % 57%
Wahl 06% 00% 00% 06%
Wrigley 103
Yellow Taxi.... 77 77 70% 70%
NEW YORK YVOOL.
NEW YORK, May 3.—W00l prices were
firm in trade on the market here today.
D mestio fleece. XX Ohio, sold at 33rtg
49c: domestic pulled, scoured basis, at
C-OftillOc and Texas domestic, scoured ba
sis. at 50c@51.15.
NEW YORK METAI, MARKET.
NEW YORK May 3 Copper—Quiet;
all positions offered, 12%c. Lead—Quiet;
all positions offered, 5.45 c, Spelter—
Kirn ; spot and May, 4 95@5.05; .TTTne
and July, 5(§5.10c.
NEW YORK HIDES.
NEW Y'ORK. May 3.—-Hides were rath
er quiet in trade on the exchange today,
native steer hides selling at 13c and
branded steer hides at 12c per pound
NEW YORK PETROLEUM.
NEW Y’ORK. May 3.—Petroleum prices
were firm in trade on the market today.
Pennsylvania crude selling at $3.25 per
barrel.
NEW YORK Tl RPENTINE.
NEW YORK, May 3. —Turpentine sold
at 88c per gallon In trade an the market
here today.
OILS SUSTAIN
GOOD ADVANCES
U. S. Steel and Baldwin Suffer
Sharp Declines.
NEW YORK, May 3 The stock market
closed irregular today.
Strength in the oil issues was the fea
ture of the late dealings
Texas Company was in large demand,
advancing 2% points to 50, and gains of
around 1 point were made in many of
the other oil shares
Cnited States Steel yielded from 98%
to 97%. and Baldwin Locomotive dropped
1% points to 117%.
The gas stocks were also strong. Brook
lyn Union showing a gain of 4 points to
104. while Consolidated Gas rose over 1
point to 117%.
Government bonds were unchanged and
lailway and other bonds strong.
Total sales of stocks for the day were
1,452,200; bonds. $14,016,000.
(Br Thomson A McKinnon)
—May 3-
A group of oil stocks consisting of the
higher priced issues constituted the real
feature in the day's market.
The list in general held fairly well
with some slight irregularity here and
there, but the average made no progress
during the recent big trading and there
fore the .thought suggests itself that dis
tribution on an important scale is pro
ceeding
This idea is further substantiated by
the mate,ial increase in brokers' loans.
Many of the certificates appearing in
loans now have undoubtedly come out of
strong boxes where they were placed dur
ing the firs! few months of the present
rise. . . ,
Many of the industrials have reached
values'that seemed impossible six months
ago, therefore some discrimination is nec
essary.
There may be some reasonable limit to
(be discounting process and it appears
that there are so many stocks that have
onlv partially participated in the rise
that these should now be favored, the
lower priced rails in particular.
We see nothing at the moment that is
disturbing, but we are never sure of the
morrow and conservation carries its own
re wa rd.
TWENTY STOCKS AVERAGE.
NEW YORK, May 3.—Twenty indus
trial stocks Tuesday averaged 93.04, up
29 ner cent. Twenty active rails averaged
84.34. up .11 per cant.
CLEANING HOUSE STATEMENT.
NEW YORK, Mav 3.—Exchanges. <924-
500.000; balances. $71.900,000; Federal
Reserve Bank credit balances, $58,300^000.
Money and Exchange
Indianapolis bank clearings Wedne?
day were $3,946,000; bank debits, $5,018,
i 000.
NEW YORK. May 3—The foreign ex
change market opened easy today, de
mand Sterling **c np at $4 43%. Francs
were off 4% centime? to 0.12%C for
cables. Rnd to 9 12c for checks Lire
yielded 2% points to 5.30 c for cables and
to 5.29%c for .check?. Belgian franc*
were S% centime? lower at 8.34 c for
cables and B.33'jC for check? Marks off
% of a point at 0082%e. Guilder cables
were 38 38c; .heck?. 38.33 c. Sweden
1 kronen cables were 25.90 c; check?. 25.85 c
Norway kronen cables were 18.53 c;
checks.' 18 48c. Denmark kronen cables
were 21.25 c; checks, 21.20 c.
‘ NEW YORK (ALL MONEY
NEW YORK. May 3 'Money; 'all
raouev ruled 4% per cent: high. 4% per
cent ; low. 4% per cent. Time rates quiet,
all 4%. per cnt. Prime mercantile pa per
quiet.* Sterling exchange was steady,
with business in t ankers bills at $1 43'*
for demand.
.MOTOR SECI RrTIES.
(By Thomson A McKinnon '
May 3
• 'losing
Bid Ask
Earl Motors 3% 3%'
Packard com H*? ""s j
Packard pfd 83% S7
IVerles* 39 41
<’ont. Motors com B'** 9
font. Motors pfd '•" 92
Hupp com 19 19%
Hupp pfd -- •• 9-8 103
Reo Motor Car 2424%
Elgin Motors '-’% 3
Grant Motors 1 _'%l
Ford of Panada 306 372 j
11 Motors ... i 2' j
Federal True k 22 23 i
Piige Motors 19 20% j
Republic Truck 8 8% j
ACTIVE OIL STOCKS.
(By Thomson A McKinnon.!
-May 3
Bld. Ask. |
Anglo American Oil 21 21%
Atlantic Lobos 19% H*
Borne Scrymser 3.70 370
Buckeye Pipe I,lne 89 99
Uhesebrotigh Mfg. Con* 200 21.7
Uontinen'ai Oil. •'olorado... . 142 147
Uosden Oil and Gas 5 8
Crescent Pipe iLne S3 55
Cumberland Pipe Line ?% 6?*
Eureka Pipe Line 100 103
Galena-81gn.il <>ll. pref 108 ILt
Galena-Slgna, Oil, com 57 on
Illinois Pipe iLne 187 191
Indiana Pipe Line I**o 103
Merritt Oil 13 13%
Midwest Oil 2% 3
Midwest Rfg 200
National Transit 30% 31 %
New York Transit 172 1i •
Northern Pipe Line 106 109
Ohio Oil 315 320
Oklahoma PA R 7 .8
Penn.-Mex 30 33
Prairie Oil and Gaa 027 035
Prairie Pipe Line 232 235
Sapulpa Refg 4 1%
Solar Refining 350 370
Southern Pipe Line 104 107
South Penn Oil 215 222
Southwest Penn Pipe Lines.. 00 0.7
Standard Oil Cos of Ind .105% 105%
Standard Oil Cos of Ka? 560 580
Standard Oil Cos of Ky 81% 81%
Standard OH Cos of Neb 200 215
Standard Oil Cos of N Y 400 40.7 I
Standard Oil Cos of Ohio 460 480 |
Swan A Finch 30 40 i
Vacuum Oil 405 410 |
Washington Oil 25 30 I
NEW YORK Cl KB.
(By Thomson A McKinnon.i
May 3
—Clort! :g - I
Bid. Ash j
Acme Packing 47 .70
Curtis Aero com 4% 5%
Cur is Aero pfd 24 26
Boston A Montana 20 21
Boston A Montana Corp is) 93
Goldfield Con 7 9
Jumbo Extension 3 5
Intermit. Petroleum 22% 23
Kirby Oil 11% 12%
Nlpisslng 6% O'*
Standard Motors 5 .7%
Salt Creek 17% 17*4
Tonopab Extension 1% 1%
Tnopah Mining 111-16 11.7-16
United P S new 6% 7 j
L. S. Light and Heat 19 16 111 10 I
U. S. Light and Heat pfd....* 1% i%
Wright-Martin 2 5
Yukon Gold Mine Cos I 1%
Jerome 3% 4
New Cornelia 18 19
United Verde 28 28%
Sequoyah 3 10
Omar Oil 2% 2 3-16
Rep. Tire 67 70
NEW YORK SUGARS.
NEW YORK, May 3. —Uuw sugars were
steady on the market today. Cubes sold at
4.11 c per pottr.il. duty paid, and Porto
Ricos at 3.924/3.98c per pound, duty free,
delivered. Refined sugars were steady,
fine granulated selling at .7.224/5.,Tw0 anti
No. 1 soft at 5.20/g3.noc per pound
NEW YORK COFFEE.
NEW YORK. May 3. —Coffee prices
were firm In trade on the market today,
opening option being 8 to 11 points
higher. Hto No. 7on spot sold at 10%/g
11c per pound.
NEW YORK RICE.
NEW' YORK. May 3. Rice was rather
quiet in trade on the market today, do
mestic selling at 3%®7%0 per pound
CHICAGO PRODUCE.
CHICAGO. May 3 —Butter—Receipt*.
o.OiX) tubs; creamery extras, 3.7 c: stand
ards. 34c; firsts. 30®34c: packing stock
lfilS'lSc. Eggs—Ke*s*ir)ts. 28.000 cases;!
current receipts. 22%/fi23c: ordinary !
firsts, 21 %®22c : firsts. 23j4/&;24 <■; checks,
19c; dirties, 19%@20c. Cheese—Twins,
new, 14%@15%c; daisies. 15@15%c;
young Americas, 17@17%c; longhorns. 15
<§Ts%e; bricks. 14%@15e. Live poultry
—Turkeys, 25c; chickens. 26c; roosters,
16c; geese, 18c; ducks, 25c.
INDIANA DAILY TIMES
Local Stock Exchange
—May 3
STOCKS.
Bid. Ask.
Ind. Ry. & Light com 57 ...
Ind. Ky. A Light pfd 78
Indpis, St. Ry 45
I/idpls. N. W. pfd
Indpis. A s. E. pfd
T. H„ T. & I. pfd 70
T. H., I. A E. com 5
T. H., I. A E. pfd 15
U. T. of Ind. com 1
U. T. of Ind. Ist pfd 4% 9*4
U. T. of Ind. 2d pfd 2
Advnnce-Rumely Cos. pfd 47% ...
Advance-Rumely com ...
Am. Central Life 200 ...
Am. Creosoting pfd 94 ...
Belt R. It. pfd 50 ...
Belt. It. R. com 00 ...
Century Bldg. Cos. pfd 93% ...
Citizens Gas Cos 20 ...
City Service com 232 237
City Service Cos. pfd 65 07%
Dodge Mfg. Cos. pfd 85% ...
Home Brewing 47 .
Ind. Hotel com $6 ...
Ind. Hotel Cos. pfd 99 ...
Ind. Nat. Life Ins. Cos 2
Ind. Title Guarantee 50
Ind. Pipe Line 99 ...
Indpis. Abattoir pfd 45 ...
Indpis. Gas 44 ...
Indpis Tel. pfd 90
Indpis. Tel. com 5 ...
Mer. Pub. Util, pfd 48 ...
Natl. Motor Car Cos 1 3
Pub. Savings Ins. Cos 5% ...
Ranh Fer. pfd 47% *
Sland. Oil of Indiana 105 106%
Sterling Fire Ins. Cos 7% ...
Van Camp Hdw. pfd 90
Van Camp Prod. Ist pfd 100
Van Camp Prod. 2d pfd..... ... ...
Vandalia Coal Cos. coin
Vandnlia Coal Cos. pfd
Wabash Ry. pfd...., ...
YVabush Ry. com ...
BONDS.
Broad Ripple 5s 60 65
Citizens St. Ry. 5? 78
Indian Creek Coal A Mine 6s . . 100
Ind. Coke A Gas 5s 86
Indpis C. A S 5s 91% ...
Tndp’.s. A Martinsville 5s ... 55
Indpis. A North, os 39% 44%
Indp!?. Street Ry. 4s 58 61
Indp'.? A N W. 5s 49% 54
Indpis. A *S. E. 5s 45
Indpis. Skelb A S. E. 55... 54
T. H , I. A E. 5s 55% ...
indpis. Gas 5a 85
Citizens Gas 84% 88
Kokomo. M A W. 65....,,.. 86 ...
Ind. Hotel Cos 6s 98% ...
Indpis. Water 5s 95
Indpis. YVater 4%s 81 83
indpis. T. A T 78 ...
Indpis. L. A H 5s 88% 93%
U. T. of Ind. Os 50
Mer. H A L. 55... 98% 100
New Tel L. D. 5s 96% ...
New TtL Ist 6s 96% ...
South. Ind. Power 6* 80% 91%
LIBERTY BONDS
Liberty First 3%s 99.(0 99.40
Liberty First 4%? 99.74 99 74
Liberty Second 4%s 09.30 99.70
Liber!y Third 4'*s 99.70 .!
Liberty Fourth 4%s 99.60 99 9'
Victory 4%s 10" 12 100 68
Local Curb Market
(By Newton Todd)
—May 3
Bid. Al%
Am. Hominy Cos 10 16
Gentrai and Coast Oil % ...
' Choate OH Corp % %
i Commonwealth Fin com. ... 28 ;;8
Corninenwealth Fin. pfd. ... 48 58
Columbia Fire In? Cos. ... 6 7%
; Dayton Rubber Cnits 42 52
Dictograph Prod, pfd 27 37
1> W. Griffith 3% 6%
Elgin Motor Car 2 3%
Fed Fin Cos. pfd 77 87
1 Fed Fin. Cos. com 123 133
Gt Sou. Prod A Ref 6 8%
Interstate Pub. Serv p*d. ... SI 91
Metro, 5-10 c Store com 3% 1
Metro. 510 c Store? pfd. ... 19 27
Nat. Underwriting .. 2% 5
Rauch A Lung Units It 31
Rub Tex Units 19% 16
i (J. S. Auto Units 30 40
i C. S. Mtg Cos I nit* 110 125
BANK STOCKS.
Commercial Nat. Bank 74 23
Cont Nat. Bank ... 104 114
Ind. Trust Cos 178
Ind. Nat Bank 253 265
Mer Nat Bank 282
Security Trust Cos 131 140
State Sav A Trust 64 98
Union Trust Cos 30d
Wash. Bank A Trust Cos. .. 150 ...
Weather
The following fable shows the state of
the weather at 7 ? m, May 3, a? ob
served by U. S. Weather Bureaus:
Station. Bar Temp Weather
Indian*p(t*. Ind. . 29.8? 80 Cloudy
Atlanta. Ga 29 90 64 Cloudy
Amarillo. Texas . 29 94 62 PtCldy
Bismarck, N. D. . . 29 84 50 Cloudy
Boston, Mas? 30 08 fle Clear
Chicago. 11l 29 92 58 Rain
Cincinnati, Ohio . 2954 62 Rain
Cleveland. Ohio .. 30.02 68 Rain
Denver, Colo 29 92 46 Clear
Dodge City, Kas. . 29 91 62 PtCldy
Jacksonville, Fla. . 30 16 70 Cloudy
Kansa* City, Mo. . 29 9 2 58 Cloudy
Louisville. Kv. .. 29 92 62 Rain
Little Rock. Ark . 291*8 62 Clear
I.os Angele*. Cal. . 30.08 52 Cloudy
Mobile, Ala 30 04 68 Cloudy
New Orleans. 1.a.. 30.00 70 Cloudy
New Y ork, N. Y'.. 30.16 58 PtCldv I
Norfolk, Yn 30.26 62 Cloudy!
Oklahoma City ... 29.92 60 Cloudy
Omaha, Neb 29 84 58 Cleat |
Philadelphia. Pa. . 30.18 62 Cloudy
Pittsburgh. Pa. .. 30.04 64 Cloudy
Portland. Ore .. 3012 4,6 Itsln
Rapid City. S. D. . 20.88 44 PtCldy
Roseburg, Ore ... 30.18 50 Cloudy!
San Antonio. Texas 29.94 64 Clear !
Bau Francisco, Cal. 30.08 64 Clear |
St. Louis, Mo. .. 29 92 62 Clear I
St. Paul, Minn. . 29.82 66 Cloudy
Tampa, Fla 30.14 72 Cloudy
Washington. I> C. 30.16 64 Cloudy
weather conditions.
The western depression trough i?
men Ing slowlj eastward amt during ins*
night a sneondard disturbance center de- j
vcloped which is now over Indiana. I
where it lias caused heavy rains. Rain* j
also have fallen in the adjoining States, ]
and southward to the Gulf coast. Rain?
are reported over the far northwest.
Temperature? are higher In tho middle
Atlantic region, but in other districts
the changes have not been decided over
targe area*.
CORN AND WHEAT BULLETIN.
For the twenty four hours ending at 7
a. m.. Wednesday, May 3, 1922;
ITempor 1
; tnr |c
*™ I © * ©
StHMoDi of I w
I nrJlniiHpoll* *
District.
ZIDB TJt J= '
u; . *f c a—
To* k- i_ r a, “
Icq il * I££ ** o 2 S
South Bend ... TO 58 alt Good
Angola i 75 | 57 I 0.43 i Fair
Ft. Wayne ! 76 | 58 i 0.54 |
Wheat field ! 70 | 58 | 0.16 | Fair
Royal Center ...( 78 | 58 I 0.48 I Muildv
Marlon j 77 I .'4 I 0.86 I Good'
Lafayette [ 73 | 59 1 0.46 i Muddy
Farmland I7B| 5S 1.01 | Good
Indianapolis ....[ 73 158 140 | Good
Cambridge City ! 74 | 57 j 1.10 I Good
Terre Haute | 72 j 60 j 0.56 |
Bloomington 1 75 I 59 | 1.74 ! Muddy
Columbus 76 | 50 I 1.04 | Muddy
Vincennes 76 1 60 j 1 97 I Soft
Paoli ! 72 | 60 ! 0.96 I Fair
Evansville ! 70 \ 60 I 1.12 |
T ITaRM INGTON
Meteorologist Weather Bureau
INDIANAPOLIS PRODUCE.
Eggs—Fresh. 22Cd,22?c. Butter Pack
ing stock. 10% 17c. Poultry—Fowls. 18®
23c; broilers, 1% to 2 th. size., 45,.; leg
horn stags, 14c; broilers, at discount;
cooks. 14c: young hen turbs, 8 lbs and
up, 35c; young tom turks, 12 lbs. and up
85c;. old tom turks, 30c; cull thin tur
keys not wanted: ducks, 4 lbs. and up
15® 16c; geese, 10 lbs. and up. 14 0 ;
squabs, 11 ]bs to dozen, $5.50(80; old
guineas, per dozen, $3.
Butter Local dealers are paying 35®
86c per lb. for butter delivered in In
dianapolis.
Blltterf.it —Local dealers are paving
35c per Hi. for butterfat delivered in' In
dlanapolls.
W HOLESALE BEEF PRICES.
Ihe following are today’s wholesale
prices for beef cuts as sold on the In
dlanapolls markets of Swift A Company:
Ribs—No. 2,18 c; No. 3.15 c. Hounds—
No 2. 14c; No. 8,18 c. Loins—-No. 2,
20c; No. 3,17 c. Churks—No. 2. 11c; No
8. 10c Plate*—No. 2. 7e: N*. 8. ic.
GRAINS FINISH
AT ADVANCES
Flurry in May Wheat Is Only
Market Feature.
CHICAGO, May 3-—Crain prices were
higher at the close of the Chicago Board
of Trade today.
A short hurry in May wheat was the
only feature of tho market. Just before
noon on considerable short covering May
wheat ran up to $1.46, but dropped al
most immediately with heavy selling by
local elevator Interests.
Provisions were irregular.
Muy wheat opened up %c at $1.44 and
closed tip Use. July wheat opened off %c
at $1.28% and closed up %e. September
wheat opened unchanged at $1.19% and
closed tip %c.
Muy corn after opening unchanged at
61%0, closed up %e. July corn opened
unchanged at 65%c and closed tip : V\
September corn opened up %c at 68%e
and closed up %c.
May. oats opened unchanged at 37%e
and closed up %c. July oats opened un
changed at 40%c and closed %e. Sep
tember opened up %c at 42c and closed
unchanged,
(By Thomson A McKinnon.)
—May 3.
Wheat—English cash markets show
firmness but only moderate business
doing, holders being a little more con
fi/lent in their position. New e.xpor;
business either old or new crop said to
be slow. At the moment, Interest Is cen
tered on completion of May' contracts in
this market further purchases from Mis
souri river points are reported and it is
also said that small parcels now at east
ern points will be veti.rned to this mar
ket. There have been no developments
in the way of crop news. Improvement In
domestic or foreign demana to suggest
an 'upward trend In prices but at the
same time, believers In lower prices can
not secure much comfort from the new
crop situation. All estimates of winter
wheat yield, so far, suggest a smaller
crop than lust year anil the entire Import
ing world is or will be dependent upon
tlie North American surplus. Since the
commencement of spring growth, our
crop news has been favorable and the
condition of tho plant has improved. It
is to be hoped that this situation will
continue, but if any change in the tenor
of the ttewß from our growing crop values
are likely to lie quite Susceptible. We
think It unwlso to have firm convictions
of lower prices.
Corn and oats —The recent acceptance
of all offerings of May corn and oats by
cash handlers has given both these mar
ket? an undertone of firmness, making
them more than previously sensitive to
strength In wheat. As heretofore pointed
out. many leaders In the trade are friend
ly to corn because of its feeding value
which It is argued will prevent any fu
ture heavy accumulation In commercial
channels, friendly to oats because of the
commonly accepted idea that the. acreage
will show considerable reduction. These
idens seem to he spreading. Judging from
the fact that interest In corn was more
broad than heretofore Seabourd Interests
were said to be buyers of th" corn find
oats futures and were buying cash nuts
in the nortliwestern markets. Anticipa
tion of higher prices in both of these
grains seems to be preferred.
Provisions—The belief that recent do
liveries of lard on May contract? ha?
gone Into strong hand? has prompted an
improved investment demand in the en
tire li?t which overcome a smalt decline
In hog prices There Is no evidence of
nny selling of products by packing in
terests.
( Ilff AGO CASH GRAIN.
- May S—
WHEAT Open. High Low Cl,
Mar ... 144 146 1 42% l it *
July 1.28% 129% 1 27% -.28%
Sept 1.19% 1 20% 1 10% 120',
CORN -
May ... .61% .65 .61% .62%
July 65'% .66% V’% .664,
hept.... .68% .08% .68% t'h'V,
• OATS—
j May 37% .37% .37% 37 \
July 40% .40% 40% ,4<\
Sept ... .42 .42% 41% .42
PORK -
.?\iiv 21 CO
LA Rib -
! May 1107 HOT 11 no 1107
July.... 11.30 11.32 11.22 11.:to
Sept 11 45 11.52 U 45 11.52
121 Its
Muy.. 12'*2 12 10 t-’irj 12 10
I Jni v . ... 11 37 11 55 11,37 11 55
•Sept 11 42
, RYE -
Mav.... l.cisx* tin Ino 1 is.*"*
July 1.05 1 00 1.05 1.0(1%
Sept .99% ,91*\ .99% -99%
• N omlual
CHICAGO CASH GRAIN.
CHICAGO. May 3. Wheat—No. I hard
winter, $1 43: No. 3 red, $1 41 ; No 2 hard
winter. $1 454?1 45% ; No 5 hard win
ter, $116fq125; No. 3 Northern spring
dark. $158%: No. 4 red, $134. Corn V"
2 mixed, 68%^63A*c; No 2 white, I'*4'o'
65c; No. 2 yellow, 64%/g64c ;N'o 3 mtx- .i
62%ifj63c ; No 3 white, RV(£6S%e ; N" 3
yellow, 62%tf63%e No 4 mixed. 6/'%li4
61 %<•; No. 4 whit*. 62%c: No. 4 yellow,
0%((f61c Oat? No 1 white. 43%'q44c .
No 2 white, 40%fa44c: No. 3 mixed.
37 %c ; No. 3 white, 35% %43 c ; No 4 whit**,
37 %td:;9%c.
TOLEDO SEED AND GRAIN.
TOLEDO, Mav 3—Cloverseed -('asti.
$18.75; May. sll 45. Alatke- -Cash. *lO 30
Timothy—Cash. $3 05; May, $3.05 ; Sepfem
her, $3.46. October. 330 Wheat Cash,
$1.4*1<i51.43; May. $143%, July, $1.31 Corn
Clll e oats—('ash. 4 (■/ 46c.
Rye—Cash, SI.OB. Barley Cash. 09c.
PRIMARY MARKETS.
(By Thomson A McKinnon.)
May 3.
RECEIPTS—
Wheat Corn Oats
St. Joseph 10.000 58.0(a) 2.000
Chicago 200,000 449,000 295.000
Milwaukee 1,000 91,000 62.000
Minneapolis ...104.000 28,000 31,000
Duluth 119.000 4.000 55,00*)
St Louis 41.000 99.000 62.(8?)
Toledo 6,000 l.(aa) 2.000
Detroit 5,000 0,000 8.000
Kansas City .127.000 43.00! 7,000
Omaha 24.000 81,000 28.000
Indianapolis .. 7,000 20.000 16.000
Totals 641.000 878,000 59b.000
Year a g 0... 655,000 587.000 402,000
—SHIPMENTS—
Wheat Corn Oats
Si. Joseph 18,000 22,(Rt0 2.000
Chicago 60,000 219,000 210.000
Milwaukee 4,000 33,000 35.000
Minneapolis ... 83.000 16.000 233.000
Duluth 264.000 871.(*H1 1.000
St Louis 36,000 32.000 69.000
Toledo 17,000 3.000 6.000
Detroit 3,000 4.000
Kansas City ..230.000 31.000 44.0(H)
Omaha 64.000 125,000 78.000
Indianapolis 10,000 12,000
Totals . .. 790,000 1,395.000 694,000
Year age 700.000 934,000 403,000
- CLEARANCES .
Wheat Corn Oats
New York 250,000 86.000
Philadelphia 43,000
Totals 250,000 129.000
Year ago .. 480,000 86,000 97.00)
INDIANAPOLIS CASH GRAIN.
—May 3
Bids for car lots of grain and hav at
the call of the Indianapolis Board of
Trade were:
Wheat—Firm; No. 2 red. $1.4401.45.
Corn —Strong: No. 3 white, 64%<§00c:
No. 4 white, 03%©05c; No. 3 yellow, 04%
hi tide; No. 4 yellow, (13 % @ose; No. 3
mixed, 630J04%c; No 4 mixed. 62^63%c.
Oats —Firm; No. 2 white, 42(ij;43%e;
No. 3 white, 41<g42%0.
li nv —Steady; No. 1 timothy, 19@19 50;
No. 2 timothy. *is.so(ql9: No. 1 light
clover mixed, $18@18.30; No. I clover,
$19.50®20.50.
—lnspections
Corn —No. 3 white, 1 car; No 4 white.
1 car; No. 5 white, 1 cur; No. 6 white,
1 car- No. 2 yellow, 1 car; No. 4 yellow,
1 car: No. 5 yellow, 2 cars; No. 6 yel
low, 7 cars; No. 5 mixed, 2 cars; No. 6
mixed, 2 cars; total, 19 cars.
Oats—No. 2 white, 2 cars: No. 3 w-hite.
7 cars; No. 4 white, 2 cars; sample white,
1 car; total, 12 cars.
Rye—No. 4, 1 car.
WAGON WHEAT PRICES.
Indianapolis Hour milts and elevator*
yesterday were puying $1.35 per bushel
for No. 1 red winter wheat; $1.33 for No.
2 red winter anil ucordinz 'et r. r
No 3 red winter
MAY MARKET
the following are the Indianapolis
prices lor hay, oy the wagon load, de
livered tn Indianapolis:
Hay—Loose timothy, sl7fq|lß; mixed
nay. $16®17; baled hay *l7@lS.
Oats—New, per bushel, 42@45c.
Corn —Both old and new, p-jr bushel, 00
eafiOc.
SWINE VALUES
SHARPLY HIGHER
Steers Shade Weaker—Other
Cattle Prices Steady.
RANGE Os HOG PRICES.
Good Good Good
April Mixed Heavy Eight.
25.510.-10010.50 $10.55 4J10.50 $10.50 @ 10.55
28. 10.80@10.70 10.56® 10.70 10.70010.75
27. 10.50010.80 10.46 0 10.50 10.60
2S. 10.70010.50 10.86@ 10.80 10.80@10.86
29. 10.70010.80 10.650 10.80 10.80 0/10.85
May
1. 10 75 0 10.85 10.70@ 10.85 10.85 @10.90
2. [e-mail]> 10.60@ 10.65 10.60@10.65
With receipts close to 4,000 and both
the shipping und packing demands good,
?aine prices were 20 cents higher gener
ally in trade on the local live stock mar
ket today.
Trading was of an active nature, and
practically all of the receipts had been
sold before the close of the early fore
noon hours.
There was a top of $10.85 on lights, and
the bulk of the sales for the day were
made at the same figures. There were a
few xales of Diamond-alley hogs at $10.75,
but there were not a sufficient number
of these sales to be counted as within
the general market.
There were close to 1,000 cattle on the
market, but a good demand by packers
held prices steady generally. The quality
was fair.
Cows und heifers were steady generally,
a* were i-anners. cutters and bulls.
Steers were slow steady to a shade lower
, in spots.
! There was a good demand for veals
by shippers with Eastern house connects,
and. with the quality fair and receipts
light, values were 50 cents higher gen
erally.
I There was a top of $10.50 on choice
veals, while the bulk of the good to
choice veals brought $9 50(510.
Sheep and lamb prices ruled about
steady Receipts were light, the quality
fair and the demand good.
HOGS.
100 to 180 lbs. average slo.6oss 10.65
Over 3 * lbs 10.504$ 10.60
150 lbs. to 300 lbs 10.504*10.65
Best pigs, under 140 lbs. ... 10.00@10.65
Top 10.70
Sloughs B.oo@ 9.00
Stags 6.(84® 7.50
j Bulk of sales 10.63
—C'attlei—
Prime corn-fed steers, 1,000 to
1.800 lbs 8 00® 8.50
Good to choice steers, 1,200 to
1.300 lbs 7.25® 7.75
Good to choice steers, 1,100 to
1,200 lbs 6.75® 7.23
Good to choice steers, 1,000 to
1.100 lbs COO® 6.23
Common to medium steers
800 to 1.800 lbs. 5.75® 6 00
—Cow* und Heifers—
Good to choice heist-rs 8 00® 8.74)
Medium heifers ?.....
i Common to medium heifers.. 60.50® 7.00
Good to choice cows... 6.50® 7.23
Fair to medium cows 4 7'.® 6.00
Csuners 3 00)? 4 00
Cutters 3.00® 3.75
—Bnlts—
Fancy butcher bulls 3 75® 660
Good to chol'e butcher bulls 6 00® 625
/■;■ a nulls 4.00® 475
Light blogua bulls 3 50/g 4.00
. Light com cum bulls 3.25® 3.50
—Calves—
Choirs veals 9 00®10.00
(>ood veal? BN'® 9.00
Medium wals 7.50® $.50
Common to heavyweight veals 7><t 7.50
Lightweight veais . 6 00® 7.00
—Stockers and Feeders—
Good to -hotce steers under
800 lbs t 625 ® 7.50
Medium cows 3 00 ® 4 00
Good cows 3.75® 4 73
Good heifers 600 ® 7 Otl
Medium to good heifcia 4.50® 6.00
Cull ewes 2 50® SIW
Good to choice ewes 6.50® 8.50
Ru. ks 2.50® 3 50
• Hipped lambs 10 0u®12.5W
; Wool lambs 12,U0®15.50
Springers 14 00®16.00
Hu, k lambs t oil® 7.00
Cu/ls 4.00® 6 00
Other Livestock
CHICAGO, May 3. —Hogs—Receipts.
ITOnO; market, steady to 5c to 10c lower;
bulk of sales.s 9 85® 10 45; tup, $10.50.
heaxlcs, JO.DOfqIO. 15; mediums. slo.lo®
j 10.50 j lights, $10.40® 10.50; light lights,
j $l".2ot®lo ;"<• heavy packing sows,
smooth, $9.2.*-®9.6*1; packing sons, rough,
■SO/9.50, pigs. $9.7”/-tlo 4 ' ( attic He
'■ripts, 13.(4i0. market, steady to weak
Beef steers; ch'-i-c and prime, $8.65®
j 9.25; medium und good, s7.so®fe 65, good
;10 choice. ss23(<iU.lo: common and
i medium. s'/</,5..'.n. Butcher cattle; heifers.
$5 75® S 00; cows. $4 75(147.35. bulls, $4.65
ttt'irio. Cannti's and cutters; cows and
heifers. $3.445/5*4-75• canner steers. $4.5-o'-/
5 75; veal calve*, light and handyweteht.
$6.2.'(q8..8>; fcci-'r '-leers. s*■ 775 .
stocker steers. stocker cow?
ur.il hif"rs, $4 15>®0. Sheep and lambs
Receipts. 8,W0; market, steady to 25
cent? higher; good to choice lambs. sl2
(ill 15 ; culls and commons, $ le® 12 23 ,
springer?. sl4® 16.75; yearling Webers.
$10.13; ewe?. s7<ja,D.3o; cull and common
lambs. $5.25®7.
CINCINNATI, May 3. Hogs Receipts,
5,000; market, steady to 5 cents lower;
nil grades good hogs, $10.60; pigs. $10.25,
roughs. $8 30; stags $5 25. Cattle l?e
celpts, 400; mark-'i steady to shade lower,
steers weak and shade lower; butchers,
steady, bulls, strong, calves. $9.50 Sheep
and Lambs Receipts, 900; market,
steady; ewes. $8; clipped ewes, so®7;
lambs, 50 cents lower; top $17.50.
CLEVELAND. May 3. Hogs Receipts.
3.(Ski; market, 10 In 13 -cuts higher;
Yorkers, mixed and mediums. $11.15®
1125; pigs. $1125; roughs. $850; s!ags,
$5.50. Cattle Receipts, 3.000; market,
slow and dull. Sh ep and Lambs Re
ceipts, 800; market, active; top, $15.50
Calves Receipts. 300; market, strong;
top, $lO.
SIOUX CITY, May Hogs—Ke-vipts.
0,0"0; market 10e lower; range. .fS.oOfg
10.00; bulk. Cattle—Receipts.
2,500; market, steady to 15c lower; beef
steers. 15c lower: others, steady; short
feds. $0.50/98 25; fed butchers. $4.50/ ; 7.50;
stocker? and yearlings. $5.50®7.50; fe-d
<ts. $f1.00®!7.00 ; feeding cows and heifers.
$3.50(17.75. Sheep—Receipts, 300; market,
steady.
EAST BUFFALO. May 3. Hogs—Re.
ceipts. 1.280; market, slow; yorkers and
nigs. $11.50® 11.05 ; mixed. $11.25® 11.50;
heavies. $11®'1.10: roughs, $9®9.25;
stags, ssffl6. (Tattle- Receipts, less than
100; market, active and steady generally.
Calves Receipts. 175; market, active;
cull to choice. s4@ 11. Sheep und lambs--
Receipts, 1.800; market, slow; choice
4 v
%4W pO/
We own, offer and
recommend
Van Camp Products
Company
7% Cumulative
Sinking Fund
First Preferred Stock
Shares, SIOO Each
This company's assets are
liquid, no investment in build
ings or equipment- earnings are
guaranteed by contract.
Price 100—Yield 7%
Fletcher American
Company
2nd Floor Fletcher American Bank Bldg..
INDIANAPOLIS
Chicago Detroit iouth Bene
Pritate Wire to Prtrxipat Market*
lambs, $16@15.25; cull to fair, s6@i-i.75; I
yearling/*, $84712; sheep, s3® 10.
EAST ST. LOUIS, May 3.—Hogs—Re
ceipts, 11,000; market, steady; mixed and
butchers, $10,404(10.50; good heavies, $10.30 ,
® 10.45; roughs, $8.75®0; lights, $10,404/' :
10.50; pigs s9® 10.35; bulk? of sales, $10.40!
4710.50. Cattle —Receipts, 3,000; market, j
steady to strong; native beef steers, $8,251
@9; yearling steers and heifers, $8.104?9; |
cows. $4.75@6.50: Stockers and C-eders, |
$4.754*7.50; calves, $34(8.50: tanners and!
cutters, $3.15@4. Sheep and lambs —Re-1
ceipts, 1,000: market, steady; mutton'
ewes. $8.50(r.8.75; choice iambs, $13.25®
15.25; canners and choppers, sl®3.
PITTSBURGH, May 3 Hogs— Re-!
ceipts, 1,200: market, steady: prime
heavies, $10,904*11 ; mediums. $ 11.25® 11.35 ;
heavy and light yorkers and pigs. $11.35;
roughs, $8®8.75: stags. $4.50@5.25: heavy
mixed. sll. Cattle—Receipts, less than
50 head; market, steady Calves—Re
ceipts, light; market, steady to strong;
veal calves, $10; heavy and thin calces.
$4.50®8.50. Sh“cp anil iambs -Receipt**.
500; market, steady; prime wethers, $9.50
4710; good mixed, $8.50®9: lair mixed. $6
@7.50; culls and commons, s2@4; choice
lambs, $15.00.
EAST BUFFALO, May 2.—Hogs— Re
ceipts, 1,120; market, active; yorkers.
$11.35 @>11.60; pigs. $11.504711 60; mixed,
$11.3o@11.00; heavies, $U.10@11.35;
roughs, $94/0,25; stags, ss@6. Cattle—
Receipts, 100; market, active: shipping
steers, $8478.50; butcher grades, $7,254?
8.40; heifers, $5.00@8; cows. $2.50®6.75;
bulls, $3.75@6; feeders. $5@6.50; “milk
rows nr/d springers. $434/125. Calves
Receipts. 200; market," active; cull to ■
choice. s4@ll. Sheep and lambs He- 1
ceipts, 2.000; market, slow; choice lambs. I
sls® 15.25; cull to fait. $'!@14.75; year-,
lings, sß@l2; sheep, s3@lo.
STANDARD OIL OF INDIANA. 1
Sales, 33.000 shares.
Open. 105%; high, 109%; low, 105%:
close. 108%.
They Call It
Housekeeper’s
Pavement
Every woman knows that her street is part
of her housekeeping problem. Dust* mud,
and tracks on her rugs come mostly from the
street.
A Concrete pavement helps her in her
housecleaning. It does away with dust, mad
and grime. Rain on a Concrete Street does
not make more w f ork in her house, it makes
less, — it makes her street still cleaner.
No matter what the weather, every outside
service to her home—the iceman, the grocery
man, even police and fire protection—is more
dependable with a Concrete Street.
Wet or dry, with its firm, rigid, skid-proof sur
face, it affords a maximum of comfort and safety
for friends and family.
These are a few of the dividends a Concrete
Street pays.
Our Booklet R-4 telh other interesting things
about Concrete Streeto. Write for your copy.
PORTLAND CEMENT ASSOCIATION
Merchant* Bank Building
INDIANAPOLIS, IND.
c A National Organization to Improve and
Extend the Uses of Concrete
Offices in 23 Other Cities
Statement of Condition
OF
The Ocean
Accident and
Guarantee
Corporation,
Limited
NEW YORK
Office: 114 Fifth ave., New York City.
ON THE
31st Day of December, 1921
CHARLES H. NEELY, manager and
atturney for the United States.
Amount of deposit capital
paid up $ 7f)0,000.00
NET ASSETS OF COMPANY.
Cash in banks (on interest
and not on interest) .$ 582.180.06
Real estate unincumbered... 508,923.60
Bond and stocks owned
imarket value) 15,265,383.94
Mortgage loans on real es
tate (free from any prior
incumbrance "2,000.00
Accrued securities (interest
and rents, etc.) 203.070.90
Premiums and accounts due
and in process of collection. 2,113,752.12
Accounts otherwise secured. 88,412 53
Workmen's compensation bu
reau land 380,119.39
Total net assets $19,244,843.44
LIABILITIES.
Reserve or amount necessary '
to reinsure outstanding
risks $ 5,532,151,87
Losses due and unpaid, losses
adjusted and not due. losses
uitadj listed and In sus
pense 7,871,111.43
Voluntary reserve for contin
gencies 3,600,000.00
Kills and accounts unpaid... 834.446.72
Other liabilities of the com
pany 33,982.20
Total liabilities 17,871,692 22
Capital deposit 750,000.00
Surplus 623,151,22
Total $19,244,543.44
State of Indiana, Office of Commissioner
of Insurance.
I, the undersigned, commissioner of
insurance 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
s atement, 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.
X. 3. McMUREAY, JR.
CommUalonar.
- T .
MAY 3,1922.
In the Cotton Market
NEW YORK, May 3.—The cotton mar
ket opened active today at an advance of
2 to 14 points.
T'ie strength was caused by reports of
heavy rains and the higher cables from
Liverpool.
There was some realizing by yesterday s
buyers.
Tiie list worked off a little after the
start and at the end of the first fifteen
minutes prices were about unchanged.
New York opening cotton prices: May,
19.70 c: July, 19c; October, 19.10 c; Decem
ber. 19.10 c; January, 18.97 c: March. 19.01 c.
The market closed lmrelv steady at a
net advance of 4 to 17 points.
—Cotton Futur-s
Open. High. Low Close.
January 18.97 19 20 18.62 19.12
.uar. ii 19.01 19 19 18.69 19.05
July 19 00 19.10 18 06 19.13
-duller 19.10 19.3:1 18.72 19.12
December 19.10 19.38 18.75 19.19
LIVERPOOL, May 3.- There was an
increased demand fer spot cotton today.
Prices were firm and sales close to 8.000
hales.
American middlings, fair. 12.36d: good
middlings. 11.30: full middlings, 10.16d:
middlings, 10.91d : low, 10.9H1 . good or
dinary. 9.56d ; ordinary, 9.06d.
Futures were steady.
CLEVELAND PRODUCE.
CLEVELAND. May 3. Butter— Ex
tra. 45%@46c; prints, 46%4?47c; firsts.
44%@45c; packing stork. 17@19c. Eggs
—Fresh. 29c; Ohio firsts. 25%@26c.
Oleomargarine. 21@22c: high grade and
mnl oils, 22@22%c; lower grades, 16@17c.
Cheese —Y'ork State, 22%@25c. Poultry—
Live fowls. 30Q31c; roosters. 18c; broil
ers. 40@60c; yearlings, 30@31c.
Statement of Condition
OF THE
Aetna
Casualty and
Security
Company
HARTFORD, CONN.
650 Main St.
ON THE
31st Day of December, 1921
MORGAN G. BULKY.LEY, President.
RAW DON W. MYERS, Secretary.
Amount of capital paid up $2,000,000.09
NET ASSETS OF COMPANY.
Cash in banks (on interest
and not on interest) $1,236,232.87
Bonds and stocks owned
(market value) 8,522,819.50
Mortguge loans on real estate
(free from any prior Incum
brance) 2,035,225 00
Accrued securities (Interest
and rents, etc.) 186,023 44
Collateral loans 383,815 08
Premiums and accounts due
and In process of collection. 1,710,964 72
Accounts otherwise secured... 483,785 55
Total net assets $15,456,865.8#
LIABILITIES.
Reserve or amount necessary
to reinsure outstanding
risks #7,127,087.56
Losses unadjusted and in
suspense 2,168.832.29
Bills and accounts unpaid.... 73,543.98
Other liabilities of the com
pany 1,016,883.90
Total liabilities $10,386,337 73
Capital $2,000,000 00
Surplus 3,072,506.12
Total #15,455,5<j5.85
State of Indiana. Office of Commisslonei
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 81st day of De
cember, 1921, as shown by the original
statement, and that the said original
atutement is now on Ills In this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April, 1922.
X. a McMURRAY, JK,
__________ Comm.Usiooec,