Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, May 08, 1922, Home Edition, Image 12

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Indiana daily times. [volume], May 08, 1922, Home Edition, Page 12, Image 12
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Indiana daily times. [volume] (Indianapolis [Ind.]), 08 May 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn85047611/1922-05-08/ed-1/seq-12/>

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12
CONFIDENCE IN
UPWARD TREND
SEEMS ABIDING
Experienced Operators Know
Recessions of Prices
Must Come.
Special to Indiana Daily Times
and Philadelphia Public ledger.
BY MONITOR.
NEW YORK. May B. In spite nf more
or less backing and filling In the last
we-k. .veiitiiiient throughout the Street
shows abiding confidence in the continu
ance .>f the upward movement. A com
posite of well informed operation might
he expected about as follows: Reactions
in the general list may expected after
a period of heavy trading and rising
prices .or upon the receipt of any un
favorable surprise in news or develop
ments attending this unsettled period of
reconst ruci lon. Sharp setbacks may oc
cur in groups of stocks or special Issues
that have been over-bulled and thus in
vite profit-taking, or where sudden dis
appointment causes liquidation.
Every experienced market operator,
however, knows that recessions of this
character are .ncidental to all upward
movements. They an' welcome, except
to the unwary or impetuo is who have
been carried away by enthusiasm and
mad© their heaviest commitments at the
top. The health of the market can be
preserved only by this continual process
of churning and automatic liquidation.
On the other hand, it is felt that there
are no present indications of a major
reversal in market form. For one thing,
the money situation continues strongly
. .orable to a continuance of the upward
n orement. The downward tendency of
c mnierclal paper rates Is construed as
an indication of further ease and abun
dance of money. Until a sharp advance
and persistent hardening In the rates for
commercial gives the signal that
business is going to make its legitimate
demand for funds, there will be no evi
dence that the security markets will be
subjected to the approach of stringency
that generally means the culmination of
the upward movement.
In .ltion to this there is a dispo
sition to go more deeply into the
economic influences behind the strength
in securities, thereby meaning the big
forces which the market Is endeavoring
to discount and express. The present
bull market Is different from its most
recent predecessor, that of 1919. In that ;
year we witnessed the heyday of In
flation and riotous consumption. The
war was Just over and instead of de
voting our capital to the repair of tie
ravages, we found ourselves In the midst
of an orgy of luxury buying. There was
no limit to the demand for silk shirts,
furs, diamonds and phonographs. Our
plant equipment, our housing, our rail
roads. all of which had deteriorated
during the war. were left to shift for
themselves. Production during the war
had been developed only along special- 1
Ized lines—lines 111-suited to rehabilita
tion or peace. The market was largely
financed hy the sale of Liberty bonds ;
which sank in price, while specialties
and wild-cat oil shares soared.
Notwithstanding the uneerfainiries re
garding action on rates and wages, a
feeling of optimism prevades the street |
toward the railroad shares. Tue March
earnings of the roads, approximating 6
per cent for the class 1 carriers, and the!
belief that beneficial consolidations will
be undertaken before the year is out. pro- j
vide sound basis for encouragement.
In spite of the strength and activity
in certain of the oil shares, the popu
larity of this group continues practically
unabated. Refined products already have
made some advance In price, and other
rises are in prospe< t. perhaps the most
encouraging feature of the whole situa
tion is the increased demand for fuel oil.
The decision of the Chicago A North
western to convert its locomotives into
oil burners is merely an indication of
present industrial tendencies. Fuel oil
has been more or less of a drug on the
market owing to the lessened demand
by shipping, and stocks until recently
have piled up to an extent that made the
etorage of crude a troublesome problem
A great many stationary plants are con
verting from coal to fuel oil and the de
mand for this product has grown con
siderably in the last few weeks. It is
believed that it is only a question of a
short time before crude prices are marked
up substantially.
The position of staple commodities is
improving. Copj*er is firm and wool mar
kets have been very strong. Sales at Bos
ton apparently have been limited chiefly
by the reduced stocks on which business
has been based. The leading interest In
the wooden industry has made unofher
advance In the price of its products. Cot
ton is stronger, partly on account of re
ports of crop damage, although the
underlying factor of demand is a much
more important element. The Department
of Commerce this week called attention to
the fact that world consumption of cot
ton had arrived practically at the pre
war level with an indicated absorption
for the current year of about 21.000.000
bales. This includes all kinds of cotton
and compares with the consumption last
year of approximat ly 10.000.000 bales.
There are strong Indications that fully
85.W10.000 belts of American cotton will
be requited for the season, beginning
Aug. 1 this year, and w ith the Indifferent
start of the crop as the result of floods
lu Mississippi valley and Texas consum
ing manufacturers are showing consid
erable anxiety over the source of their
supply of raw material.
In financial circles here the backing
snd fi’Mng at Genoa has been accepted as
a mai’c- of course. Economic progress
has been retarded by political bickering,
but the urgent needs of Europe, it is
felt, will force a composition of differ
ences and permit the program of re
babilitation to be carried out. Flurries of
anxiety are to be expected, but the ten
dency is unmistakably toward a restora
tion of industry and credit.
The rise In sterling to anew high level
since 1919 of $4.45, probably furnishes
the best barometer of European progress.
The strength in the pound, of course, is
due to something besides British confi
dence In ultimate European stability. It
is based partly on sound fiscal adminis
tration. moderate imports, increasing ex
ports. and an improving trade balance.
Nevertheless Its recovery would not have
been possible had there been expectation
European chaos.
In the Cotton Market
NEW YORK, May B.—lnfluenced by
strung cables from Liverpool, heavy spot
sales, a better textile labor outlook in
this country and unfavorable advices, tbs
local cotton market was firm at the open
ing today at an advance of 13 to 40
point*.
The upturn was well maintained later
in the face of heavy realizing through
eommissoiu houses and selling by 6pot
concerns.
Japanese interests were buyers of most
positions and New Orleans also was a
purchaser, while there was a good deal
of new outside demand in evidence.
New Y'ork opening cotton prices:
May, 15 95c; Jnly. 18.80 c; October.
19.00 c; December, 19.07; January. 18.95 c.
The market was firm in the’ late deal
ings. closing at a net advance of 08 to
79 points.
—Cotton Futures—
Open High Low Close
January 1898 19.45 18.97 19.42
March 10.01 19 54 1896 19.50
May 19.50 19.90 19.40 19.88
Julv IS.SO 1944 18.78 19.42
October 15.96 19 57 18.96 19.53
December 19.07 19.63 19.07 19.60
LIVERPOOL, May B.—There was a
good spi.t demand ’today, but business
was moderate. Prices were easier and
sales close to 12.000 holes.
American middlings, fair. 12.47d: good
middling. 11.42/i: fully middlings, 1112d:
middlings, 10.97d; low, 10.97d; good ordi
liary. 9 62d; ordinary. 9.12d.
Futures were quiet.
A. 1. Stock Exchange
(By Thomson & McKinnon.)
—May 8— Prev.
High. Low. Close. Close.
Assd. Oil 126 122 122
Ajax Rubber . 17% 1(4% 16% 17%
Allied C’heui. .67% 66% <!% ....
Allis Chaim. .. 48% 48% 48% 45%
Am. Beet S. .. 38% 38% 38% ....
Am. Bosch M. . 47% 47ffl 47%
Am. Can 48% 47% 48 48%
Am. Car & F. ..162 162 162
American Ice ..loti ltM% l'MVi ....
Am. H. A L pM 68’ 68 68 ....
Am. Inter. Corp. 45% 44% 44% 4.*%
Am. Loco. ....115% 114% 115 116%
Am. Steel F. . 30% 38% 30% 30%
Am. Steel A It. . 58% 58% 58% 57%
Am. Sugar Kef. 74% 75% 74 75%
An>. S. T. Cos. . 34% 34% 34% 33%
Am. Tel A Te1..122% 122 122% 122%
Am. Tobacco ...144% 143 143% 143
Am Woolen 03% 92V* 02% 03%
Auaconua 53% 52% 53% 52%
Atchison 100% 99% 100 100%
Am Ship, etc.... 17% 17% 17%
At GA W 1.... 37% 36% 36% 37%
Austin Nichols.. 26% 26% 26% 20%
Baldwin L0c0... 117% 115% lfo% 118
BAt O 47% 46% 46% 47%
Beth Steel (B).. 70 78 78% 79
Brook Kap T.. 25% 25 25 26
California Pet.. 57% 50% 56% 57%
Can l’ac Hy 142% 141% 141% 141%
Cen Leather 37% 37% 37% 37%
Chandler Mot... 74% 73% 73% 74%
C A 0 65 65 65 65%
C. MASt P com 27% 26% 26% 27%
C, MASt I* pfd 43V* 43% 43% ...
Chi A N W 75 74% 75 75
C\ It 1 A Pac.. 44% 43% 43% 44%
C, It IA P 6pet p 81% 81% 81% 82
C. it IA P 7pet p 95% 05% 05% 05%
Chili Copper ... 20 19% 19% 19%
Comp A Tab... 75% 71% 72% 74%
Oluett A Pea.. 57V* 57 57 ...
Chino Coppar — 28% 28 28% 28%
Coluiu. Gas 80% 88% 88% 80%
Coca Cola 55% 55V* 55% 56
Col. F. & 1 35 34 34 34%
Con. Gas 110% 117% 110 120
C'or.t. Can 67% 67% 67% ••••
Corn Prods 162% 101% 101% 102%
Crucible Steel... 68% 66 67'4 66%
Cub. A. Sugar... 21% 21% 21% 21'
Cub. C. Sugar... 15% 15% 15% 15%
Dome Mines 28% 27% 27% ....
Erie 13% 13% 13% 13%
Erie Ist pfd 23 23 23 23
Bndicott A J 84 83% 83% 84
Fam. Players... 81% 80% 81% 82%
Fisk Rub. C 0... 101*. is% 18% 19V*
Gen. Asphalt... 63 61% til 'fc 63
Gen. Cig'Ts 72% 72% 72% 73
Gen. Electric.. .164 1671% 163% 163
Gen. Motors 13 12% 13 12%
Goodrich 41% 41 41 41%
Gt. North, pfd.. 75 s 75% 75% 75%
Gt. North. Ore.. 39% 39% 39% 39%
Gulf States Stl. 85% 83% 83% 85%
Houston OH 80% 78% 79 81%
Hupp Motors... 10 18% 19 19%
Illinois Central. 105% 104% F'4% 105%
luspir. Copper.. 41 40% 40% 40%
Inter. Hhtv 07 97 07
Inter. Nickel.... 18 17% 17% IS
Inter. Paper 52 51 51% 52%
Invine, oil 18 IT?* 18 17%
Keystone Tire.. 24% 22vs 23 23%
Kelly-Spg. Tire 52% 51 51% 574
Kenneeott Cop.. 33% 33V* 33% '”■%
Lacka. Steel... 61 50V* 509% 60
Lima Loco 110% 11<>% 110%
Lehigh Valley. 62% 62 62% 62%
LAN 119 119 111)
Loews, inc 19% 16% lti’s 17%
Martin Parry... 31% 31% 31% 32
Marine c0m.... 24% 23% 24 25%
Marine pfd 83% 72% 82% 84
May Stores 119% 119 119 120
Maryland 0i1... 30% 30% 30% 31
Mex. Petroleum. 130 128% 129% 130%
Miami Copper.. 29 20 20 29%
Mkl. Sts. 0i1... 14% 14% 14% 14%
Midvale Steel... 38 37 35% 57%
Mo.-Pac. Ity 23% 23% 23% .....
Mo.-l'ac. Ity. pf. 57 50% 56% 57
Mont.-Ward 2% 21% 22 22%
National Lead.. 94% 93% 93% 94
Nev. Con. Cop. 17% 16% 1*
N. Y. Airbrake. 79 79 19 19%
X. Y. Central . 00% 80 89%
New Haven .... 30 28V* 29% 29
Norfolk A West 107% 107 107%
North. Pacific .77 76 76 % 77
Pacific Oil Cos. . 65% 64% 65% 00
Owen Bottle com. 7 30% 30% 37
Pro. A Refiners .30% 37% 3# 30
Pan-Arner. Pet. 64V* 63% 03% 04%
Penna. Ky 41% 41* 41 * 41%
People’s Gas .. 87% 87 87% 88
Pere Marq 31% 30% 31% 31%
Pierce-Arrow .. 22 21% 21% 10
Pure Oil 33% 743% 721% ...
Pull. Pal Car 123% 122% 1271 1271%
Pure Oil 33% 371% 371% 371%
Ky. Stl. Sprgs 101% 101% 101% 101 ••
Heading 75% 77% 77% 7-v%
Rep. Irun A St! 07% 05 65 % 00
Keplogle Steel.. 84% 33% 33% 34
Roy. Dth. N. Y. 03% 02% 02% 04%
Sears-Roebuck 75% 75 75 75%
Sinclair 32% 31% 32 33%
Sloss-Sheffield. 45 44% 44% 44%
Southern Pac. . 01% 90% 91 91%
South. Ity 25% 24% 24% 2->%
STLASW Itv. . 30% 20% 29% 30%
Srand. Oil Cal. 114% 111% 112% 115%
Stand. Oil N. J. I*l I#7 ISO 189%
STL&SF com. .. 30% 30% 30% 30%
Stewart Warner. 39% 30% 39% 40
Stromberg Carb 55% 54% 54% 54%
Studebaker ... 120% 118% 110% 120%
Texas Gas 43% 42% 42% 43%
Texas Coal 30 29 29 % 30%
Texas Cos 49 4S 48 49 %
Texas Pac 34% 31 714 34%
Tub. Prod 07% 67 07 % 68
Trans Oil 12% 11% 12% 11%
Union Oil 23% 22% 22% 23%
Union Pacific ...138% 137% 1717% 1.38%
United Drug .... 71% 70% 706, 71
UK. It Stores.. 53% 52% 52% 53%
US C Don Pipe. 34% 33% 33% 35
U S.lndus. Ale©.. 49% 48% 48 j 49%
US. Rubber .... 65% 04% 04% 65%
U.S. Steel ... 08% 97% 98 99
'US. Steel pfd...118% 118% 118% 118%
1 tali Copper 60 65% 65% 65 , - s
Van. Steel 48% 46% *4*ls, 47'*
Wauaah 11% 11% 11% 11%
Wab. Ist pfd. . 32 31% 31% 32%
Worth. Pump... 53 52% 53 ....
West. Pacific.... 21% 21% 21% ....
Westing Electric 62% 02 02 62%
White Motors... 40 48 48
W-t>rerlnnd .... 8 8 S B'*
White Oil 10% 10% 10%
Wls. Central .... 28% 28% 28% ....
Wilson A C 0.... 45% 45Vii 45% ....
NEW YORK LIBERTY BONDS.
—May 8— Prev.
High. Low. Close. Close
Liberty 3%s ... 99.15 09.34 99.43 09 43
Liberty lstt 4s 09.60
Liberty 2d 4s 09.48 99.14 00.48 09 30
Liberty Ist 4%s 00.88 99 76 00 82 99.80
Liberty 2d 4%5.. 00.60 99 50 99.52 99.54
Liberty 3rd 4%s 90.82 99 70 00.80 99.74
Liberty 4ih 4%s 99 94 99 84 99.90 09 86
Victory 3%s lOO.iri 100.02
Victory 4%s 100.5S 100.56 100.56 99.58
CHICAGO STOCKS.
(By Thomson A McKinnon.)
—May B.
Open. High. Low. Close.
Am. Ship 75
Arm. A Cos. pfd. 96% 90% 90% 00%
Armor Leather .12%
Arm. Leather p. 86 86 85% 86
C. C. A C. Rv. p. 0 9 % 8%
Chi. E. Rv. pfd.. 11 11 9% 10
Coin. Edison ...130% 130% 130% 130%
font. Motor* .. 8% 8% B‘4 8%
Deere A- Cos. p... 75
Earl Motors 3% 3% 3% 3 s *
Libby-McNeil . 33 2% 2%
Montg. Word .22 22 % 21% 21%
Nat. Leather.. 9%
Pigly Wlgly "A" 54% 54% 51% 52
Eeo Motor 24% 24% 24 % 21%
Stewart-Warner.. 40 4014 4040
Swift A Cos 102 102 10t% 102
Swiss Inter. ... 20% 21 20% 21
Thompson (JR) 50 50 49% 50
Teintnr Corn A 2*4
Unon Car. A Car. 58 58 57 57V*
Wahi 60% 6% 66 67%
Wrigley 103% 104 102% 103
Yellow Taxi ... 75V* 77 75% 76'%
NEW YORK SUGARS.
NEW YORK. May B.—Raw sugars
were rather quiet in trade on the market
here today. Cuhas were quoted at 3.98 c
per pound, duty paid, ami Porto Ricos
at 3.80®3.88c per pound, duty free, de
livered. Refined sugars were rather dull.
Fine granulated was quoted at 5.25<g5.400
and No. 1 soft at 5.20®5.50c per pound.
NEW YORK COFFEE.
NEW YORK. May B.—Coffee values
were steady In trade on the exchange here
today, opening options being l to 3
points higher. Rio No. 7 on spot Bold
at 10%Q11%c per pound.
NEW YORK RICTE.
NE WYORK, May B.—Rice was rather
dull in trade on the exchange here to
day. Prices, however, were steady, do
mestic again being quoted at 3V4@7Vic
per pound.
NEW YORK PETROLEUM.
NEW YORK, May 8. —Petroleum prices
were firm in trade on the market here
todny, Pennsylvania crude selling at $3.25
per barrel.
NEW YORK TURPENTINE.
NEW YORK. May B.—Turpentine sold
auOOtgOlc per gallon In trade on the
market here today. |
NEW HAVEN LATE
STOCK FEATURE
Republic Steel Shows Loss of
Over Two Points.
NEW YORK, May B.—The stock mar
ket closed irregular today.
New Haven was a strong feature, mov
ing up over 1 point to 30, anew high rec
ord for the year.
Studebaker rallied from 118% to 119%,
ami United States Steel was steady,
arotiml 08.
Crucible Steel, nfter touching 67%,
yielded to 07Vi and Republic Steel fell
2% points to 0.5%.
Standard Oil of California recovered
nearly 3 points to 114.
Government beads w-ere unchanged,
and railway and other bonds irregular.
Sales of stocks for the day totaled
958.500 shares.
Bonds sales for th eday were $15,497,-
000.
(By Thomson & McKinnon.)
—May 8
There were several alternating periods
of weakness and strength in today's
stock market, lint the general temlehcy
in the industrial list was reactionary,
and a few siiecialties were distinctly
weak.
uails field fairly well and a few issue
were strong. Rails, as a group, showed
mere stability than the other depart
ments.
Sentiment is still favorable to the mar
ket. There Is a substantial public feel
ing, and every moderate recession is fol
lowed by an increasing demand from
commission houses.
The market shows distinct irregularity.
It is becoming two sided, and the selling
is more aggressive than heretofore.
These conditions undoubtedly result
from the technical position of the mar
ket as there can be little doubt but that
the public account has been enlarged
to such an extent ns to almost warrant
the term "over extension.” ....
With this advantage, we have an easy
banking situation. There are no such
hanking problems before us as we had
a few years ago.
The tenderer of business now is to
ward improvement, where two years ago
If was toward contraction. But making
full allowance for these favorable points,
the fact remains that the advance has,
to a very great extent, if not entirely,
discounted this and is therefore In a
less favored position to meet unfavorable
development s.
We feel that we have rear 1 and a point
where conservatism is calle* for and
there is ample justification for the
gradual marketing of long stocks.
TWENTY STOCKS AVERAGE.
NEW YORK, May B.—Twenty iudus
trial stocks last Saturday averaged 03.00,
up .41 p* r cent. Twenty active rails av
eraged 84.05, off .03 per cent.
CLEARING HOUSE STATEMENT.
NEW YORK, May 8. Exchanges,
8501,100.000; balances. $57,400,000; Federal
Reserve Bank credit balances, $49,300,000.
Money and Exchange
Indianapolis bank clearings Monday j
were $3,247,000; bunk debits. $0,210,000.
NEW YORK. May S The foreign ex
change market opened -a>yq today, de
maud sterling being %e lower a! $4 44%.
Francs yielded 5% centimes to 9.11. f,.r
cables adn to 9.10%.; for checks. Lire
were off 4% points to 5.31 c for cables,
and 5:30%c for cheeks. Belgian francs
were 3% lent lines lower at 8.31 c for
cables and 9..Xt%e for checks. Mark
were 1 point lower at ,W33'■.*<■. Guilder
cables were 38 4 s ; checks, 7>B 715 c. Sweden
kronen cables were 25 72 , checks 26.07 c.
NF. W YORK FALL MOM ).
NFW YORK. May 8- Money—fall
money ruled I per cent ; hi.fit 4% per
cent; low 4 per cent. Time rates 4%4%
per cent Prime mercantile paper quiet
sterling Exchange was steady, with luisi
ness in bankers' bill at $4.1.">% for de
uiuud.
MOTOR SK( I KITIKS.
IBy Thomson A MeKiunon I
May 8-
- ''losing -
Bid Ask.
Earl Motors 3% 3%
Packard com 11% 12
Packard pfd N! 85
Peerless 39 II
Continental Motors com S% 8%
Continental Motors pfd 89 02
Hupp com Ist, 18%
Hupp pfd 98 103
ReO Motor Car 24 24%
Elgin Motors 2% 3
Grant Motors 1 1%
Ford of (ituluia 37s 3.80
National Motors... 1% 2%
Federal Truck 24 2f>
Paige Motors... 21 22%
Republic Truck 8% 8%
ACTIVE OIL STOCKS.
(By Thomson A McKinnon )
—May 8 - opening
Bid. Ask.
Anglo-American OH 20% 21%
Atlantic I.olios 10% 11%
Borne Scry mser .00 3so
Buckeye Pipe Line 98 Ht
Chesebrough Ml'g. Cons H*o 200
Continental Dil. Colorado ..117 150
Cosdeti DH and Gas 5 8
Crescent Pipe Line 53 35
Cumberland Pipe Line 110 150
Elk Basin Pet.- BS, s%
Eureka Pipe Line 10l lot
Galena Signal Dll, Pref 19) 115
Galen., signal oil, Coin 0o 03
Illinois Pip..- Line 195 2(4*
Indiana Pipe Line . f:< 102
Merritt Dll 15% 14%
Midwest oil 2%
Midwfest RTg 200 ....
National Transit 30 51%
New York Transit 174 178
Northern Pipe Line 1(45 109
Dhlo Oil 328 352
Oklahoma P. A R 7% 8
Penn. Mex 30 33
Prairie Oil and Pits 610 020
Prairie Pipe Line 230 235
Snpulpa Refg 3% 4
Solar Refining 360 280
Southern Pipe Line lot 104
South Penn Oil 225 250
Southwest Penn Pipe Lines 02 05
Standard Oil Cos. of Ind. ...107% 107'%
Standard Oil Cos. of Kan. .. ,570 sno
Standard oil Cos. of Ky. ... 82Vi 874
Standard Oil Cos. of Neb. ... 190 200
Standard Oil Cos. of N. Y. ...4(5 415
Standard Oil Cos. of Ohio ...400 480
Swart A Finch 30 40
Vacuum Oil 435 310
Washington Dll 20 30
NEW YORK Cl KB MARKET.
(By Thomson A McKinnon).
—May 8-
• Closing——
Bid. Ask.
Acme Packing 60 52
Curtis Aero com 4% 5%
Curtis A<-ro ptd 24 20
Boston A Montana I!) 20
Boston A Mont Corp 85 90
Goldfield Con 7 9
Jumbo Extension 3 5
International Pete 22% 22*%
Kirby Oil 11 12
Nipissing 5% 0
standard Motors 4% 5
Salt Creek 18% 18%
Tottopah Extension 1 % 1%
Ton*>pab Mining I s * 1%
United P S new 0% 7
C S Light and Heat 1% 1%
C S Light and Heat pfd.. 1% 1%
Wright-Mart in ...... 2 5
Yukon Gold Mine Cos 1 1%
Jerome 3% 3%
New 4 nrneiia 17% 18%
United Verde 28 29
Sequoyah 38%
Omar Oil 2 7-10 29
Rep Tire 65 70
NEW YORK WOOL.
NEW YORK, May 8— Wool prices were
strong in trade on the market here to
day. Domestic fleece, XX Ohio, was
quoted at So®49c per pound; domestic
pulled, scoured basis, at 50c@$l, and
Teas domestic, scoured basis, at 50c®
$1.15.
NEW YORK HIDES.
NEW YORK, May B.—The demand for
hides today was much improved, and
prices were around 1c higher. Native
steer hides sold at 14c per pound, and
branded steer hides at 13c.
NEW YORK METAL MARKET.
NEW’ YORK. May 8. —Copper Firm;
all positions offere 12%e. la'ad—Quiet;
all positions offered 5.52 c. Spelter-
Steady; spot and May, 4.95<g5.05e; June
and July offered, 5.1) c.
STANDARD OIL OF INDIANA.
Sales. 18.000 shares.
Open. 107%; high, 107%; low, 104%;
close, 106%.
INDIANA DAILY TIMES.
Local Stock Exchange
—May 8—
STOCKS.
—May 8. —
Bid. Ask.
Ind. Ry. A Light com 67
Ind. Ry. A Light pfd 78 ...
Indpls. St. Ry 45
Indpis. 77. W. pfd 60
ludnls. A S. E. pfd ... 60
T. H„ T. & I. pfd 70
T. H., I. A E. com 6
T. H., I. A E. pfd 15
U. T. of Ind. com 1
U. T. of Ind. Ist pfd 4V4 0%
U. T. of Ind. 2d pfd 2
Advanre-Rumely Cos. pfd
Advance-Kuinelv com ...
Ant. Central Life 200
Am. Creosoting pfd 94 ...
Belt R. It. pfd 50
Belt. R. R. com 60% ...
Century Bldg. Cos pfd 93% ...
Citizens Gas C<> 20
City Service com
'ity Service Cos. pfd ...
Dodge Mfg. Cos. pfd 85 ...
Home Brewing 47 ...
luil. Hotel coin 86 ...
Did. Hotel Cos. pfd 98% ...
Ind. Nat. Life Ins. Cos 2 ...
Ind. Title Guarantee . 71
Ind. J’ipe Line 06
Indpls. Abattoir pfii 45 ...
Indpls. Gas 44
Indpls. Tel. pfd 00 ...
Indpls. Tel. com 2
Mer Pub. Util, pfd 48
Natl. Motor Car Cos 3
Pul.. Savings Ins. Cos 5% . .
Kauh Fer. pfd 47
Stand. Oil of Indiana 106 ...
Sterling Fire Ins. Cos 7% ...
Van Camp Hdw. pfd 90
Van Camp Prod. Ist pfd 07 100
Van Camp Prod. 2d pfd
Vandalia Coal Cos. com 1 ...
Vandalia Coal Cos. pfd 7'% ...
Wabash Ry. pfd 31 ...
Wabash Ry. com ... ..,
BONDS.
Broad Ripple 5s 59 ...
Citizens St. Ry. 5s 78 ...
Indian Creek Coal A Mine 6s .. . 100
Ind. Cuke A Gas 5s 86
Indpls. C. A S 5s 91V ...
Indpls. A Martinsville 65.... 55
Indpls. A .North. 5s 3!t% 44%
Indpls. Stret Ry. 4s 58'% 62
Indpls. A N. W. 5s 50 65
Indpls. A S. E. 5s 45
Indpis. Shelb. A S. E. 5s 75
T. 11., I. A E. 5s 57
Indpls. Gas 5s 85 90
Citizens Gas 84% 89%
Kokomo, M. A W. 5s 86% 01%
Ind. Hotel Cos. 6s 96
Indpls. Water 5s 95
Indpls. Water 4%s 81 85
Indpls T. A T 78
Indpls. L. A 11. 5s 89% 94%
C. T. of Iml. Us 5t
Mer. 11. A 1,. 5s 09
New Tel. L. D. 5g 06% ...
New Tel Ist 6s 06% ...
Smith. Ind. Power 6s 86>z 81%
LIBERTY BONDS.
Bid. Ask.
Liberty first 3%s 99.14
Liberty first 4V*s 99.62
Liberty second 4%s 09.40
Liberty third I%* 09.60
Libertv fourth 4%s 99 SO 99.92
Victory 4%s 100.10 100.00
Sales
20 Shares Belt Railway eutn at fiti.Ou
slo,OttO Liberty fourth I%* at 99.00
Local Curb Market
(By Newton Todd.)
May 8 -
Bid. Ask
Am Hominy Cos 10 16
Central and Coast 011 % ...
Choate Dll Corp *4 %
Commonwealth Fin com. ... 26 38
Commonwealth Fin pfd. ... 48 5s
Columbian Fire Ins Cos 6 7%
Dayton Rubber Units 43 53
Ditograph Priiil. pfd 26 sis
te W Griffith i% 6%
Elgin Motor Car 2 3%
Fed Fn. Cos. pfd 7s ss
Fi*d. Fn. Cos. com 122 17(2
Gt. Sou. Prod. A Ref 6% 9
Inters;a'e Pub. Serv. pfd. ... 81 81
Metro. 5-it. Store coin 3% 7
Metro. 5-10" Stores pfd Is 27
Nat. Cuderwrltlng .. 2% 5
Rauch A Lang Units 21 31
Robbins Body (nits 14 24
Rub. Tex. Cults P>% 16
C. S. Auto Units 3d 40
F. S. Mtg. Cos. Units 105 125
BANK BTOCK9.
Commercial Nat. Bank .... 74 G3
Cnnt Nat. Bank 104 114
Ind, Trust Cos 176
Ind. Nat Bank 253 265
Mer Nat. Bank 282
Nat 'I City Bank 71 81
Security Trust Cos 131 141)
State Sav. A Trust 94 98
Union Trust Cos 300
Wash. Bank A Trust Cos. .. 150 ...
Weather
The following table shows the state of
Ibe weather at 7 a in. May S. as oh
served by l S Weather Bureau:
Station. Bar. Temp Weather
Indianapolis. Ind 30.10 Ml Clear
Atlanta, Ga 30.12 70 Clear
Amarillo, Texas . 29 64 5# Clear
Bismarck. N I> . . 29.68 56 Cloudy
Boston. Mass 29.78 s#t Clear
Chicago. 11l 30 14 .’At Clear
Cincinnati, 0hi0... 30 20 60 clear
Clevelnud, 0hi0.... 30.26 54 Clear
Denver. Col 29 50 50 Clear
Itoilgc Cltv, Kns 29 62 58 Clnudv
Helena. Mont . 29.48 40 linin'
Jacksonville, Fla . 30.08 74 Clear
Kansas Citv. Mo.. 20 72 66 Cloudy
Louisville. 1\ v. . .. 30.16 62 Clear
Little Rock. Ark . 20 98 6.8 Clear
Los Angeles, Cal.. 29 92 52 Clnudv
Mobile. Ain 30.98 72 PtCidy
New Orleans. 1.a... 30.02 74 Cloudy
New York. N. Y.. 29.98 59 Clear
Norfolk. Va 30.14 66 Clear
Oklahoma City .... 29 74 62 Rain
Omaha. Neb 29 62 fit) Cloudy
Philadelphia. Pa... 30 08 58 Clear
Pittsburgh, Pa 30 24 50 Clear
Portland, Ore 29 8-4 ,3.8 Clear
Rapid City. 8. It.. 29 4) 54 PtCidy
Roseburg. Dre 29 0s 36 PtCidy
Snn Antonio. Texas 29 80 71 Cloudy
San Francisco, Cal 29.94 4.8 Cloudy
St. Louis, Mo 30.02 62 Cloudy
St. Paul. Minn.... 29 90 58 Clntniy
Tampa, Fla 30.06 79 Clear
Washington, D. C.. 30.12 62 Clear
WEATHER CONDITION'S.
An extensive depression covers the
western parts of the country from Al
berta and Saskatchewan southward to
Arizona and New Mexico, and It lias
caused unsettled weather with showers
eastward over the plains and most west
ern Mississippi river States.. To the east
ward fair weather lias been the rule.
Temperatures are somewhat higher from
the middle Mississippi valley northwest
ward, but lower from the Rocky Moun
tains to the ractfle const, and In the lat
ter section tlie readings are considerably
below normal.
CORN AND WHEAT BULLETIN.
For the twentv four hours ending at 1
a. m., Monday, May 8. 1922:
Temper
•ture. a
' 0 s> o
Station* Ot W "Es ed
Indianapolis *, m f ! “"c —e l?
District. Jl S5?
jb c S’ °i” Jss *>r 5
i* Ss tB Bgif
__ __ S3 * U jls. Cj O? 48
South Bend ...j 71 I 41 6
Angola 67 I 46 0
Fort Wayne ... 08 50 0
Wheatflold | 71 I 49 0
Royal Center .. ,| 70 | 48 ft I
Marion j 72 I 48 0
Lafayette 74 5.3 0
Farmland | 74 1 46 0
Indianapolis ... 72 I 55 0
Cambridge City.) 72 143 | 0
Terre Haute ... 74 56 0
Bloomington ... 78 48 0
Columbus 77 44 0
Vincennes 78 54 0
Paoll 72 57 0
Evansville 78 56 0
X H. ARMINOTON.
Meteorologist, Weather Bureau.
CHICAGO PRODUCE.
CHICAGO, May B.—Butter—Receipts,
10.800 tubs; creamery extras, 34%®35c:
standards. 30®.3.3%c; first, 30®33 %c;
packing stock, 16@18c. Eggs—Receipts,
43.650 cases; current receipts, 23®23%*•;
ordinary firsts. 21%®22c ; firsts, 24® 24Uc ;
checks, 19@19%e; dirties. 20®;20%e.
Cheese- Twins (newt, 15%@15%c; dai
sies. 15%(S.10o: Y'onng Americas. 16®
16%c; longhorns, 16®16%c; brick. 14% ®
15c. Live poultry—Turkeys, 25c; chick
ens, 25c; springers. 38@45c; roosters, 15c;
geese, 16c; utickg, 25c.
SWINE SUSTAIN
SHARP ADVANCES
Demand for Cattle Is Poor—
Prices Are Low’er.
RANGE OF HOG PRICES.
Good Good Good
May Mixed. Heavy. Light.
1. $10.75® 10.55 $10.70@10.80 slo.Ss@lo.!>o
2. 10.fi0@10.65 10.50@10.65 10.60@10.65
3. 10.75®10.80 10.60ftj 10.75 10.80® 10.90
4. 10.60® 10.65 10.40&10.00 10.t>5®10.75
5. 10.75@10.85 10.60@10.75 10.86@11.00
6. 10.65@10.75 10.60@ 10.70 10.75@10.90
8, 10.90 10.75 @ 10.90 10.90@11.00
With receipts close to 5.000 and both
the shipping and packing demands good,
swine prices were lfit®2sc higher in
trade on the local livestock exchange
today.
There was an extreme top of sll.lO
on some choice light swine, while the
bulk of the lights brought sll. The
bulk of the sales for the day ranged
at slo.9o®Ft, and the range of the sales
for the day was $10.75® 11.10.
Trading was active during the early
forenoon hours, and practically all ot
the receipts had been sold before the
close of the forenoon.
Both shippers and packers took their
usual quotas.
There was a rather slow demand for
cattle, and prices were weak to 10fti25c
lower. Receipts were rather large at
1.200, and this factor offset the strength
ening effect that the good quality of
stuff offered otherwise would have had.
There were a few early sales of cows
and heifers at steady prices, but the de
mands were soon supplied anil prices
weakened. Very few cattle moved at
these prices.
Steers were in rather poor demand
and were weak to 25c lower. Bulls
were in fair demand, due to the Jim
ited supply, but buyers were reluctant
in taking them unless they could be
bought at lower prices. They were weak
to 25c lower in spots.
Even canners and cutters were in porn
demand. Prices, however, were about
i teady.
Veal prices were steady during the
first few minutes of trading, but after
that (he demand lagged and prices
dropped.
Closing prices were around 500 lower
than the close of last Saturday's market.
Receipts ran close to 600 for the day.
The shipping demand was poor.
With around 100 sheep and lambs on
the market, prices were about steady
for the quality of stuff offered. There
were no good sheep nor lambs on tin*
market. The bulk of the receipts were
clipped ewes of poor grades.
HOGS.
100 to 160 IDs average SIO.DO® 11.00
Over 300 lbs Kl.fisftiitt.7s
150 lbs to 300 lbs 10.75®1 FOO
Best pigs, under 140 1b5.... Iti 50® 11.00
Top 11.10
Roughs .8 50® 9.25
Stags 6.256) 7 51)
Bulk of sales 10.00®. 11.00
—tattle—
Prime corn fed steers, 1.006 to
1,890 lbs 7.00® 7.50
Good to choice steers. 1.200
to 1,300 lbs 7.00® 7.50
Good to choice steers. 1,100
to 1.200 lts 6 25® 6.83
Good to choice steers. 1,000 to
1,100 115... s.6oftf 6.00
Common to medium steers .
800 to 1,800 lbs 525® 5.60
—t own anil Heifers—
Good to choice heifers 7 >*s® 835
Medium heifers 7 25w 785
Common to medium heifers . 0 25ft) 7 ot)
Good to choice cows 6.25i 7.00
Fair to medium cows 4Toftj 6 1/0
Canners 3 tx i® 375
Cutters 2.75 ft) 3.50
—Bulls—
Fancy butcher bulls 5 50ft? 625
Good to choice butcher bulls 5 Ott o 6 (D
Bologna bulls . ... 375 ft) 450
Light bologna Bulls 325 ft) 575
Tight common bulls S.im-u 350
—Calves—
Choice Veals .... 8 50ft) 0 Oil
Good veals s oik; sSO
Medium veals 6,50® 7 50
Common to heavyweight veals OM>6/. 650
Lightweight veals 5.00 ft) Hi*)
Mockers anil Feeders—
Good to choice steers umb r
800 lbs. 6,11’; T 7.25
Medium cows ... 275 q Coo
Good cows 3.50 ft) 4,50
Good heifers . O.ooft; 7.00
Medium to good heifers .. 4.50® 6.0d
—Sheep and Lambs—
Cull ewes 2.50 ft?. 1 50
G 1 to etiolce ewes 5 5... , s
Bucks 2.50® 50
flipped lambs O.OtKo to.oo
Wool lambs 10.00 ft) 12.00
Springers 12.0®i5.00
Buck lambs 5 its,? 050
Culls 5 pOft) 5 (Kl
$1,000,000
1%
Five Year General and Refunding Gold Bonds
of the
CITIZENS GAS COMPANY
of Indianapolis
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, trustee, untier indenture securing the issue. Bonds in coupon form. May be
registered as to principal. Option to call at 104 and interest
This issue creates no new debt whatever. It is for the purpose of refunding a $1,500,000 issue of
May 1, 1918, of which the company has paid off and canceled $500,000, or one-third of the issue.
Os the above issue, only $450,000, or such portion With the refunding complete, this issue also will
of the same as are not exchanged for bonds maturing have as collateral $650,000 of Citizens Gas Company’s
May 1, are presently offered the public. Asa con- Old First Mortgage ss, which were up as collateral
siderable portion already have been exchanged, the under the issue bei re f un ded.
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 . c,tlzens oas Company controls without compe
year bonds for a certain period, which may be ter- tition the entire gas business of Indianapolis, a city of
minated without notice. 335,000 people. It has over 66,000 patrons.
Price, 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
INDIANAPOLIS
Other Livestock
CHICAGO, May S.—Hogs—Receipts,
34,000; market, 15 to 20 cents higher;
bulk of sales, $10.30® 10.00; top, $10.05;
heavies, $10.45®10.70; mediums, $10,606.4
10.60: lights, $10.85@ 10.05; light lights,
$10.00(8110.90: heavy packing sows, smooth,
$9.00® 10.10; packing sows, rough, s9.4oftJ
9.75; pigs, $10.25® 10.65. Cattle—Receipts,
17,(KX); market, active and 10 to 15 cents
higher. Beef steers—Choice and prime,
$8.75®,9.25; medium and good, $7.75®}
8.75; good and choice, $8.35®9.25; com
mon and mediums, $7.15®8.35. Butcher
I cattle— heifers, $5.90®8.00 ; cows. $4.85®
7.50; bulls, $4.75®6.75. Canners and Cut
ters Cows and heifers, $3.75®8.35; fan
ner steers. $3.75®5.85; veal calves, light
and handy weight, $0.50<@8.75; feeder
steers. $6.15®7.75; stocker steers. $5.85®
7.65 ;sto<ker cows and heifers, $4.15®6.
Sheep and lambs—Receipts. 22,000; mar
ket, dull and 50 cents lower than Fri
day's close; good to choice lambs. $11.50
6(14: cull itnd common lambs, $96)11.501
springers, $13.50® 16.05; yearling wethers,
s9ft( 12.25: cull and common ewes. $26)5.
CINCINNATI, May B.—Hogs—Receipts,
5,800: market, strong to 10 cents higher;
all grades good hogs. $11; pigs, $10.75;
roughs, $0; stags. $5.50®6. Cattle Re
ceipts, 1,350: market, steady to strong;
bulls, strong: calves, $.8.50. Sheep and
lambs- -Receipts. 600; steady to 50 cents
lower; ewes. $76)8; clipped ewes, $66)7;
choice lambs, $17.50.
CLEVELAND. May 8- Hogs Receipts,
5.500; market, steady to 10 cents higher:
yorkers, mixed, mediums and pigs, $11.25
roughs, $8.50; stags, $5. Cattle—Re
ceipts, 1,200; market, 10 to 15 cents
higher; good to choice steers. $8.25ft)K75;
good to choice heifers, $66)7; good to
choice cows, ss.7ft)® 6.50; fair to good
cows, $4,506)5.50; common cows. s3® 4;
good to choice bulls, so®)7; milkers, $35
6(65. Sheep and lambs -Receipts, .800;
market, 50 cents lower; top, $14.50.
Calves Receipts, 1,200; market, steady;
top, $9.
SIOUX CITY. lowa, May B—Hogs—Re
ceipts, 4,500; market io®2oe higher;
range, 89.25® 10 50; bulk, $lO 15® 10.46.
Cattle—Receipts, 2,500; market 15®20g up;
fed Steers and yearlings. s7® 8.75; fed
butchers. $56):7.75; stoekers and feeders,
$5.5()®7.75 ; $6.25® 7.25; feeding
cows and heifers. s4®o. Sheep—Receipts,
200; market 20®25c tower.
EAST ST. LOUIS, May B.—Hogs- Re
ceipts. 13.000; market. 15 to 25 cents high
er; mixed and butchers. slO'.toft) 11.05:
good heavies. $lO 75® 11.73; roughs. $9.10
6)9.25; lights, $9.50® 11.05: pigs. $lO6/
1090. bulk of sales. $10.90® 11. Cattle -
Receipts. 4.ot®; market, steady; native
beef steers, $.8,606/9.10; yearling steers
and heifers. $K.50®9.15; cows, s3®4k<s;
stoekers and feeders. s4ftifi-85: calves,
$3 ft) 9; canners and cutters, $3.25®4.25.
Sheep and lambs Receipts. 300; market,
lower; mutton ewes. $S®9; good to choice
lambs, $156) 15 75; canners and choppers,
$26/4; springers, sls® 17.
EAST IK' 1 'FA 1,0. Mav 8. Hogs—Re
ceipts. 11.4(41; market, active and higher:
yorkers, $11.50® U ./>i; pigs. $11.506)11 65 :
mixed, $11.5 )6? 11.60; he;,vies, $11® : 11.25 ;
roughs. SB6/9.50; stags, $56/ 6. Cattle—
Receipts. 2.625 ; market, active and steady
to strong: shipping steers. S.B 256)8 75;
butcher grades S7 50,7 s-,, heifers. $5,50
6/(8; cows, $2 256)6 75; bulls. $3,506/4;
feeders, ss',/6.50: milk cows and spring
ITS, #456)125. c.lives—Receipts. 3.200;
market, slew steady; cull to choice. $3,541
10. Sheep and Lambs Receipts, 13.-
'■O": market slew: choice lambs. $13,506/
H cull to fair. $66/13; yearlings, SB6/
11.50; sheep, $36)10.
FITTSBIRGH, May B—Hogs—Re
ceipts. 1.0(H): market 15c lower; prime
heavies. #10.91,6/11 : intdiums, $11,256)
1135. toavy andl Ight yorkers and pigs.
#!l7;n®. 11 55 : roughs. #8648.75; stags, $5
6/5 25 lieavi in: x.-d / sll 10ft/ 11 15. Cattle
ibis, 1.300: market steady: choice.
#8 111,,,/ 9 25 ■ prime. #v 25ft> 8 fin ; good. #7.83
6/8.25; tidy butchers. $7,506/ S; fair. $0.50
4/7. till’ll. #56/6 eolinneli t.. good fat
bulls. 36,6: common to good fit cows.
$26/ 6 h. if. rs. #56/ 7 25: fresh cws and
springers. $56/80; veal calves. #10: heavy
a (id thin veals, # i 506/ 8.7>0. Sheep anil
iambs Receipts, fl.otm: market 25 lower;
prime w-rhers. #96)9.50; good mixed. #8.50
ft/9, fair mixed. #0 506/ 7 mills and coin
cos. #2’’l/5 . good to choie, lambs, $11.50
6/ 17.
INDIAN VPOI.IS I'ROIHTE.
1.2- Fresh, 22®23e. Butte Packing
stick, 15c. Poultry—Fowls. 1>6?23c;
broilers. 1%',, 2 lb six-, 45c: h gtioru broil
ers at discount ; cocks. 14c; stags, lie:
voting hen turks, 8 lbs and tip. 32c: old
'■•Hi turks 25e; cull thin turkeys not
wanted; ducks, I lbs and up,lO®l7e:
geese. 10 lbs and up. Mr; squabs. 11 lbs
,0 dozen, $5,506/6; old guineas, per dozen.
$3
Butter -Local dealers are paying 35®
56“' per lb for butter delivered lu I mil
airipo’is
Hu'terfat Local dealers are paving 35c
1” r ” tor biHlorf.it delivered in Indl
anapolis.
GRAINS DISPLAY
LATE STRENGTH
Development of Export De
mand Chief Market Factor.
CHICAGO, May B.—Grain prices were
strong at the close of the Chicago Board
of Trade today after being weak during
most of the trading session.
A fairly good demand by exporters de
veloped for corn and oats and caused
those grains to show some strength.
During the last few minutes of trading
wheat rallied on short coverings.
There was a sharp decrease in the visi
ble supply of corn.
Provisions were irregular.
■•Wheat. May opened off %e at $1.37. and
closed Unchanged. July wheat opened
off V4c at $1.23%, and dosed up %c. Sept,
wheat opened unchanged at sl.l7‘a> and
closed up %c.
May corn opened at. Ole; unchanged,
and closed up %e. July corn opened at
01 Vi. unchanged, and closed up Vic.
September corn opened 60%c off %e, and
closed up Vic.
May oats opened at 37c off %c and
closed up %e. July oats opened 39%c,
off %c and closed unchanged. Septem
ber oats opened unchanged at 49%c, and
closed Unchanged.
(By Thomson A McKinnon.)
—May B.
Wheal World shipments of wheat and
tlie amount on passage today showed a
considerable decrease from previous tig
ures. Despite this, the English markets
are bare of demand ami parcels of Mani
toba.# and Plates are offered freely. The
immediate domestic situation still argues
for lower prices in that the visible de
creases are insignificant, while the south
western markets continue shipping to
Chicago in goodly volume. The demand
for cash wheat here is a little slow, for
the reason that elevator space is becom
ing crowded. The market is beginning to
resist anticipation of lower prices, for
the reason that it has underlying i f the
probability of a general foreign absorp
tion of the growing crop. There will
likely be an unimportant market tomor
row. Everyone will be awaiting the Gov
ernment report, which will issue at 2:15
p. m., Chicago time.
Corn and oats —The visible supply of
both corn and oats continues to decrease,
and the daily receipts are lu good de
mand at firm premiums. General rains
are predieted which will further delay
spring work. The seaboard says there is
a good inquiry and some business from
abroad, particularly where heavy oats can
be secured. You will note that values are
holding relatively steady without any
particular ileni of news and even when
wheat is declining. This lends to the as
sumption 1 hat any change in the char
acter of the news might advance prices.
Provisions Realizing saMs appeared in
the early lard market, but encountered a
demand which had the appearance of
larger packers. Receipts of hogs at
western points were in excess of last
year, but the market here was quite
strong.
CHICAGO GRAIN TABLE.
May 8—
WHEAT— Open. High. Low. (lose.
Mav 1.37 1.3,8 1.34% 1.37
Julv. ... 1.23% 124% 1.22% 1.24%
Sept.... 1.17% 1.18% I.lo** 118
CORN—
Mav fi! .01% .01 .61%
J 111 V 04% .64% .64 .04%
Sept ♦>/% .07 .00% .00%
OATS -
May 37 .37% .36% 37%
July 59% .5.9 s .5.9 .39%
Sept.... .40% -41% .40% .40 s
PORK
•Mav 2125
LARD
Mav ... 11.32 11.37 11.15 11.35
July 11 55 11.05 11.5.7 11.55
Sept. .. il SO 11.82 11-55 11.09
RIBS -
•Mav 1250
.1 nlv. ... 11.F> 11.60 11.40 11.60
Sept 11.52 11.60 11 52 11.60
1 ‘ Ala v ... I.OT. 1.(16% 1.04% 1 0f.%
Jnl'v 1.04 104'., 1.04 1.t‘4%
Sept 98 .98% .98 .98
•Xoininul.
TOLEDO SEED AND GRAIN.
TOLEDO, Mav S.—Cloverseed—Cash.
$15.75' • tuber. 1160. AMike -' ash. $11;
August, #11; October. sll. Timothy
t "/■ s It. $5.10: Septeinl er. $325; October,
$3.35, Wheat Cash. 31 356)1 37: May,
.ip Julv. $1 26%. Corn Ca-h. 676/6,','.
1/at- -Cash. 41 ft/ 46c. Rye—Cash, $.04.
Barley Cash. 69c.
CHICAGO CASH (.RUN.
CHICAGO. May B.—Wheat No. 2
mixed. $1.32: No. 3 red. 31.3": No. 2 hard,
winter. 1 •.•6)1.57% No. 3 hard winter,
$1.31 V s 6/ 1 35; No. 4 hard winter. $1.20; N>.
1 tinnhern spring, dark. ST.>3%; No. 5
northern spring dark. $1.4/1%. Corn—
Nc 2 mixed. 61%®62c: No. 2 white.
1; No. 2 yellnw. 62®62%c; No. 2
mixed 60% ft/ 61c : No. 3 white. 616/61%,■;
No. yellow. tu%c®62c; No. 5 mixed,
59%e; No. 4 yellow. 60®01c. Oats —No.
MAY 8, 1922.
2 white, 39%®44V4e; No. 3 white, 37%®
41c; No. 1 white, 36y 4 c®3B%c.
PRIMARY MARKETS.
(By Thomson & McKinnon.)
May 8.
Receipts—
Wheat. Corn. Oafs.
St. Joseph.... 34.000 75.000 6.000
Chicago 92,000 534.(MX) 346,000
Minneapolis... 260,000 72.000 78.000
Duluth 65.000 29,000 4.000
St. Louis 119,000 250.060 162.000
Toledo 5,000 fi.ooo 16.000
Detroit 6.000 8,000 14.000
Kansas City.. 239.000 110.090 15.000
Omaha 142.000 319,010 48,000
Indianapolis.. 6.000 31,000 38.000
Totals 1.027.000 1,317.000 Ol7.ojg|
Y'ear ago... .1,3<X>.00 880,000 596.(H
Wheat. Corn. Oatsr
St, Joseph.... 6.000 22.000 6.0(H)
Chicago 296,000 81.000 252.000
Minneapolis... 90.000 32,000 154,000
Duluth 385.000
St. Louis 73.000 132.000 65,000
Toledo 10.000 2.000 2.000
Kansas City.. 407.000 25.000 22.000
Omaha 16,000 118,000 44.000
Indianapolis 18.000 18,000
Totals 1,379.000 430.000 541.000
Year ago.. 752.000 477.000 884,000
—Clearances -
Wheat. Corn. Oats.
New' York 35.000
New Orleans 69,000
Totals 69,000 35.0tt0
Year ago.. .2,808,000
INDIANAPOLIS CASH GRAIN.
—May 8 —
Bids for ear lots of grain and bay at
the call of the Indianapolis Board of
Trade were:
Wheat—Steady ; No. 2 red. $1.43® 1.45.
Corn —Easier: No. 3 white. 05®06%c:
No. 4 white, 646)651ie; No 3 yellow, 64
® tioV'.c ; No. 4 yellow, 65®,61 %e : No. 5
inhixed, 62%@ti4e; No. 4 mixed, I%@
63c.
Oats—Easier: No. 2 white, 42®42%c;
No 3 wdiitc, 41®;41;ic.
Hav —-Steadv: No. 1 timothy. $19®19.50;
No. 3* timothy, $18.50® 19; No. 1 light Mo
ver mixed, $18®,18.50; No. 1 clover, $19.30
®20.50.
—lnspections
Wheat —No. 2 red, 1 car: No. 3 red,
3 cars: No. 2 hard. 3 cars; No. 2 mixed,
2 cars! total. 9 cars.
Corn—No. 2 white, 3 cars; No. 3 white,
S cars; No. 4 white, 3 cars: No. 6 white.
2 ears; No. 2 yellow. 4 cars; No. 3 yel
low. 2 cars; N<*. 5 yellow. 8 ears: No. 6
yellow. 6 cars: No. 2 mixed, 1 ear; No. 3
mixed, 1 car; No. 4 mixed, 1 ear; No. 5
mixed, 1 car: No. fi mixed, t ear; saiugfe
mixed, 1 ear: total. 42 cars.
Oats—Xo. 2 white. 7 ears No. 3 white,
11 cars; No. 4 white. 11 cars; sample
white, 2 cars; total, 31 cars.
HAY MARKET.
The following are the Indianapolis
prices for bay. oy the wagon load, de
livered in Indianapolis:
Hav—Loose timothy, $17@18; mixed
nay. $16@17 : baled hay. sl7®lß.
Oats —New, per bushel, 42@40e.
Corn—Both old and new, per bushel, 60
®.65c.
WAGON WHEAT PRICES.
Indianapolis flour mills and elevators
yesterday were paying $1.30 per bushel
for No. 1 red winter wheat; $1.28 for No.
2 red winter and according to test for
No. 3 red winter.
WHOLESALE BEEF PRICF.S.
The following are today’s wholesale
prices for beef cuts as sold on the In
dianapolis markets of Swift & Company:
Ribs —No. 2,18 c; No. 3.15 c. Rounds—
No 2. 14c; No. 3,13 c. Loins—No. 2.
20c; No. 3,17 c. Chucks—No. 2,11 c; No.
8 10c Plates—No 2 7c: No. 3 6c.
DIRECTORS’ OFFICE TABLES^
In 4, 5. 6 and S-Foot Lengths,
Oak, Imitation Mahogany and
Mahogany. Chairs to match.
See our complete stock before
buying.
WSMBSmM
118 S. PENNSYLVANIA ST.

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Indiana daily times. [volume], May 08, 1922, Home Edition, Page 12, Image 12
About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922