Indiana daily times. [volume], May 13, 1922, Home Edition, Page 15, Image 15

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

Image provided by: Indiana State Library

                
MAY 13,1922.
AUTO REPAIRS ANO SUPPLIES.
Elcar Service
Let in look your car over every thirty
days. It may save you money. CLARK
A ROSEMEYER. 1011 Park. Circle 4742.
Night, Circle >487.
AUTO WASHING
Our specialty. U< North llllnoia.
S & S Auto Laundry
TIRES, all rises. 14 and up. Rebuilt eae
lngs with NEW TREADS. We also re*
pair or retread your tires. ANDERSON
UETEAM VULVANIZER CO. <ll North
PCapltoL Id floor.
C. BELT for first-class Job of repairing;
everything done by contract. Be sure
and get our prices. 220 8. Pennsylvania.
Alain 1705.
HERAT TIRE AND RUBBER CO. Intel
ligent service. Tires and batteries. Mala
<555. 209 E. New York street.
Auto Tops and .Painting
*5 Kentucky Ave.
MOTORCYCLES AND BICYCLES.
Now la the time to have yotn motorcycle
overhauled and re-enameled.
ERNEST HUGHES 00.
H4-W Maes Ave Mato 4404.
CASH paid fur all kinds of motorcycle*
FLOYD PETERMAN. 44* Maaa ave.
Main 7029. _
MISCELLANEOUS—FOR SALE.
TROUSERS /T\
WHITE SERGES ands I \
FLANNELS, nil wool, || 111
SSS M ““#i.Bß ill I
Pants fa tore |||
2 Stores Full of Pants w w
48 W. Ohio—ll 4E. Ohio St. ’
$2.00 Down,
Ka bj payments thereafter. Bring*
CORONA
THE PERSONAL WRITING MACHINE.
JLDD TYPEWRITER EXCHANGE.
Fred Judd.
22 3. Penn. Bt. Melt. 1990.
ht'Olt SALE—One small kitchen cabinet,
y sectional bookcase, one dining room
table, two refrigerators; good shape. 117
Z. Vermont, Alain 7738.
INVALID CHAIRS—Good, strong rubber*
tired ' hairs tor rent, 14.44 per month.
Crutches; 2ic. Delivery free.
BAKER BROa
MAKE your old coat look like aew suit
by matching a pair trousers with the
CORRECT PANTS MAKERS COt
104 W Ohio St,
A BARGAIN In 2 Easy vacuum and 1
Galn-a-Day electrlo washers, soiled. 44
South Meridian street.
BUILDING material cheap. Apply Cincin
nati and Walnut streets. Ask for MIL
LER.
A NUMBER of used electrlo washers, 424
and up. 14 South Meridian street.
FOR PALE—REED BABY BUGGY. BKL
MONT, 1294.
FOR SALE —Thor washing machine. 444.
1031 Einx
FOR SALE —Lady's suit, rise 42. 1964
Park.
EVERGREENS.
Fine shrubs. Call Washington <129.
MISCELLANEOUS—TO LET.
CONCRETE MIXERS FOB RKNT.
Circle &.
MISCELLANEOUS—WANTED.
GOOD, SOUND
YELLOW EAR CORN
WANTED AT
THE STOCK YARDS
Wanted —Baby carriage, stroller
.or Oriole, regardless of condition.
WANTED—A folding canvas boat; Eureka
preferred. Call Randolph 5353.
HOUSEHOLD GOODS—FOR SALE
Rues —Linoleum
20 yards Panitex floor covering. |9 43;
9x12 reamle!, Brussels tapestry, 412.40;
9x12 tfi.oO guaranteed Gold Sval Congol
,mm rugs, 9x12 414. 6x9 47.50- rug bor
ders, 24 inches wide, 39c per yard, 36
Inches wide. 54c per yard; Brussels, Ax
mlnsters, velvets and Wilton rugs at low
est prices.
Dorfman Rug Cos.
The Exclusive Rug Store.
Lincoln 6750. 207 West Washington
COALPORT china dinner and tea set In
perfect condition at less than half price.
Sheffield silver. Chinese tea wagon, 2
Antique Italian chairs. 2 rare Chinese por
celain bowls, antique bli.ck lacquer table.
Washington 1171.
DRESSERS. 2. oak; china closet, round
library table, odd chairs, porch table
and ro< kers. clothes dryer, register hoods,
auto chair, skid chains. Washington 1784.
GOOD cook stove, reasonable. 4419 E.
Pratt. Webster 2483.
EfTRA large gas ranee. Randolph 7242.
MUSiCAL—SALE~OR WANTED^
PIANOS TUNED and repaired; all work
guaranteed. ROBERTSON MUSIC
HOUSE. 423 Massachusetts ave. Main 4531.
PLAYER PIANO—WiII taks cheap lot;
balance payments. Randolph 4221.
DOGS. POULTRY. PIGEONS. ETC.
ANNUAL rabbit sale; 25 Flemish. New
Zealard and American blue does with
litter, bred right, priced right; free one
stud buck with every 415 order. Sale Sat
urday and Sunday. JOHN C. FEHR, 1314
|P. Randolph St. Drexel 3604.
IIIOMES wanted for healthy homeless dog*.
J INDIANAP JLIB HUMANE SOCIETY.
f City dog pound. 924 E. N. T. Main 4472.
CANARIES for Mother’s Day; singers and
pairs. 121 W 19th St. Randolph 8827.
LIVE STOCK AND VEHICLES.
FOR SALE —Horse, platform wagon and
harness 2233 Langley. Webeter 1211.
GOOD 1,400-lb blind mare; 3ft Studebaker
wagon. Drexel 4756.
COAL AND WOOD—FOR SALE.
Best Ind. or Lit.ton No. 4 clean fk...44.00
Beet Ind. mine run, 50% lump 44-00
Be.-t Brazil block, large clean fk....47.00
Kindling with each ton.
UNION ICE AND COAL CO.
Drexel 3280. St. 2225.
COAL
L. H. BAIN COAL CO.
Main 3581. 212 N Pine. Main 2151.
MACHINERY AND TOOLE.
wonde: mixers
MIXERS. HOISTS. PUMPS. ENGINRSI
ALL SIZES CARRIED IN STOCK.
BURL FINCH. DIST. 314-20 W. MART
LAND .STBFUIT
FINANCIAL,
CONFIDENTIAL
Quick Loans
UP TO 4300
On p lei.oo. vlctrolas. household fur
niture and guaranteed notea Loans
payable In 2 to 20 monthly Instal
ments. Legal charges baaed on un
paid ' jlance for actual time used.
Loans with other companies paid off
and more money advanced. Hours
4 C* 5 30. Saturdays to 1 p. m.
Call, write or phone Circle 1-4-4-t.
* Beneficial Loan Society
| CGI National City Bank bldg.
~ LO ANS
Ob fumltura planoa autoa live stock,
farm Implement, and other collateral.
CAPITOL LOAN CO.
141st K Washington BL
Main 0686. Auto Lincoln nit
WE MAKE first and second mortgages on
Improved farm* and Indianapolis real
AETNA MORTGAGE AND INVESTT. CO.
408 fidelity Trust bldg.
MONEY furnished on realty mortgages
and contracts FRANK JC. SAWYER.
Meridian Life Bldg. 807 North Pennsyl
vania auesk Circle 1441.
FINANCIAL.
NEED MONEY LEND
SIOO-S2OO-S3OO
Investigate our easy-to-pay
Twenty-Payment Plan Loans
Get 460, pay back 12.60 a month.
" 4100, " 45.00 "
With Interest at Its % per month.
You pay only for the actual time
loan runs Interest is charged only
on the actual amount of cash still
outstanding. Come In and get free
booklet. "The Twenty Payment
Plan,” which describes everything
fully. All business confidential.
We Loan on Furniture, Planoa
Vlctrolas. etc., without removal.
Also on Diamonds
for long or short time.
Call, phone or write
Indiana Collateral
Loan Cos.
(Bonded Lenders)
ESTABLISHED 1887.
201 LOMBARD BUILDING.
24 ft EAST WASHINGTON ST.
Main 4286.
FIRST and second mortgages on Indiana
and Indianapolis real estate. R. B. WIL
SON. 1141 National City Bank bldg. Lin
coln 6144.
MONEY to loan ou second mortgages. L B.
MILLER. 187 N. Delaware st- Main 8144.
BWSINtbS AtKVlwth.
ELECTRICAL WIRING
Light and power. Houses a specialty.
Repair work given prompt attention; rea
•oaablt.
DILTS ELECTRIC.
>44 FT. WAYNE. MAIN 8648.
HOWARD ELECTRIC CO.
Electric wiring i-room cottage; com*
plete, 417. Drexel 9598. 744 Virginia ava
FEATHERS bought, euld and renovated;
feather mattresses and pillows mads
. V BUKKt.E, 41st Mass Main 1428.
SAFETY RAZOR BLADES
Sharpened TUTTLBDQE. 201 Indiana ava
BHOE repairing while you wait. R. E. i
KEXNEpy, 218 N. Illinois. Main 2199
CEMENT PAVING OF ALL KINDS.
CALL IRV. 1286.
INSTRUCTIONS.
BE YOUR OWN
BOSS
STUDY CHIROPRACTIC
Call or Writ# for Information.
Central States College
of Chiropractic
1031-1037 Lemcke bldg.
Chartered under laws of Indiana.
Member of State Chamber of Commerce.
PIA.N O—SAX UP HONE
la 24 lessons, tbn Christensen way. Be
ginner J and advi.nced. CHRISTENSEN
SCHOOL. 104 Pembroke Arcade Clr. <034.
MEN to learn barber trade TRi-CiIT
BARBER'S COLLEGE. 309 E. Washing
ton st.. Indianapolis. Ind. Circle 0787,
LEGAL NOTICE.
NOTICE OF HEARI. G ON RESOLUTION
To Whom It May Concern;
No.lce Is hereby given by the Board of.
Park Commissioners of the City of Indian- i
apolls that by its acquisition resolution '
No. 10. 1922, It has determined to acquire
the following described real estate. In the
City of Indianapolis, Marlon County, In- !
dlana:
"Beginning at the southwest comer of 1
M. B. Wilson’s North Street Addition to
the City of Indianapolis, as recorded In
Plat Book No. 13, page 146, In the Re
corder's office of Marlon County. State of
Indiana; thence west along the south line
of the aforesaid M. B, Wilson’s Addition,
the same being the nn-ih property line of
Michigan street. 1,700,66 feet to a point
27.26 feet east of the south .vest corner of
Lot No. 20 In the aforesaid -M. B. Wil
son's Addition; thence northwestwardly on
a curved line to the right, having for Its
radius 2.267.39 feet, a distance of 131.53
feet to a point in the east property line of
Dupor-t Street, said point being the north
west corner of Lot No. 23 in the afore- i
said M. B. Wilson’s Addition; thence north i
along the east property line of Dupont \
Street, a distance of 212 feet to a point j
in the south property line of North Street;
thence east along the south property line
of North Street, a distance of 308.72 feet
to a point 13 feet east of t'te northeast
corner of Lot No. 72, In the aforesaid M.
B. Wilson's Addition, said point being the
northeast corner of the aforesaid M. B.
Wilson's Addition; thence southeastwardly
along the east line of the aforesaid M. B.
Wilson's Addition to the place of begin
ning, containing 8.94 acres."
That said real estate so to be acquired
is to be used for park purposes of the
City of Indianapolis.
By said resolution It is provided that
Thursday, May 25. 1922. at 3 o’clock p. m.,
at the office of said Board In the City
Hall In eald City will be the time and
place when final action wIH be taken con
firming, modifying or rescinding said res
olution and when It will receive and hear
remonstrances from persons Interested In
or affected by such proceedings, and when
It will determine the public utility and
benefit thereof.
CHARLES A. BOOKWALTER,
FRED CLINE.
A. M. MAGUIRE.
SARAH E. SHANK.
’loard of Park Commissioners of the City
of Indianapolis.
NOTICE TO THE TAXPAYERS OF THE
PARK DISTRICT OF THE CITY OF
INDIANAPOLIS. INDIANA
The taxpayers of the park district of the
city of Indianapolis. Indiana, are hereby
notified that the Board of I ark Commis
sioners of the city of Indianapolis, has
by resolution determined that It Is
essary to Issue and sell bonds of said park
district of the city of Indianapolis, in the
sum of forty-five thousand (ttj.ooo.oo>
dollars, for the purpose of procuring funds
with which to pay for the construction of
a retaining wall along the west and north
bank of Fall Creek, from about Thirty-
First street produced, to Ashland avenue
an' the reconstruction of four (4) wood
block wings, cement curbs and sidewalks
at the Intersection of Meridian and Thir
tieth etreets. and the reconstruction of
four (4) bituminous concrete wings, ce
ment curbs, gutters and sldewatks at the
Intersection of Capitol avenue and Thir
tieth streets, all In the city of Indianap
olis and other expenses Incident thereto,
ail of which is fully set out and more par
ticularly described In Construction Reso
lutions Nos. 17. 30 and 31, 1921, respec
tively. and the three (3) sets of plans
and specifications adopted thereunder.
Said bonds shall he Issued for a period
of five (6) years and shall bear Interest
at the rate of five (5Ct-) per cent per an
num. payable semi-annually at the office
of the treasurer of the city of Indianap
olis.
Unless objection Is made by the taxpay
ers of said park district In the manner
prescribed by la'/ the said Board of Park
Commissioners and the city controller of
Indianapolis will, pursuant to said deter
mination and order, proceed to cause suid
bonds In said amount to be Issued and
sold for the purposes herein set out.
CHARLES A. BOOKWALTER,
FRED CLINE.
A. M. MAGUIRE.
SARAH E. SHANK.
Board of Park Commissioners of the
city of Indianapolis. Ind.
NEW YORK CURB MARKET.
(By Thomson & McKinnon.)
—May 13—
—Closing-
Bid. Ask.
Curtis Aero, com 4% 5%
Curtis Aero, pfd £4Vi 20
Boston Sc Montana 1!) 21
Boston & Montana Corp.. 93 97
Goldfield Con 0 8
Jumbo Extension 3 5
International Petroleum . 21** 21%
Kirby Oil 10% 11V4
Nipissing 5% 0(4
Standard Motors 5
Salt Creek 18 18*4
Tonopah Extension 1 7-10 1 9-16
Tonopab Mining 1% 1%
United P S new 6% 7
U. S. LlirUt and Heat 1 7-16 1%
C. S. Light and Heat pfd 1% 1(4
Wright-Martin 2 6
Yukon Gold Mine Cos 1 1%
Jerome 3% 3(4
New Cornelia 17% 18%
United Verde 28 28(4
Sequoyah ~ 3 10
Omar Oil 1% 1 13-16
Rep. Tire 80 90
NEW YORK BANK STATEMENT.
NEW TORK, May 13.—Average: Loans.
Increased, $12,536,000; demand deposits,
increased, $31,790,000; time deposits, In
creased. $13,839,000; reserve. Increased,
$15,234,160. Actual: Loans, increased,
$20,290,000; demand deposits, increased.
$39,016,000; time deposits, increased. sll.-
934,000: reserve, Increased. $6,169,460.
NEW YORK PETROLEUM.
NEW Y'ORK. May 13.—Petroleum
prices were steady during trade on the
short session of the market here today.
Pennsylvania maintained Its long-stand
ing price of $3.23 per barrel.
INDEPENDENT
STEELS LEAD
IN ADVANCES
Stock Market Dominated Al
most Entirely by Day’s
Reports.
WHOLE LIST AFFECTED
Special to Indiana Dally Times
and Philadelphia Public Ledger.
BY MONITOR.
NEW YORK, May 13.—The stock mar
ket Friday was dominated almost entire
ly by the independent steels and the fea
ture was furnished by the spectacular
advance of more than twelve points by
Lackawanna, while Bethlehem “B,” Cruci
ble, Republic, Golf States, Sloss-Sheffield,
Superior and even United States Steel dis
played varying degrees of strength. The
industrials as a whole, were stimulate*!
by the performance of the ateels, and
sharp advances took place In several
groups and miscellaneous lssnea.
Among the strongest Issues were the
coppers which are responding to the Im
proved industrial ?nd statistical position
of the red metal. Seme of the big selling
agencies are withdrawing offerings, and
unsold stocks of copper In this country
are said to have been reduced pretty close
to 75.000,000 pounds. No official figures
on this subject, of course, are available.
The strong undertone developed by the
steels and coppers stimulated the special
ties to renewed activity and sharp ad
vances took place In American Ice, Amer
ican Radifor, Retail Stores, United States
Castlron Pipe and numerous others. The
equimepnts were firm and Maxwell Motors
Issues were bought on a large scale.
Wlckwire—Spencer stock advanced more
than two points on merger talk. The oils
were stendy, one feature being particular
ly buying of Trans-Continental Oil.
This week's statement of the Federal
Reserve System shows a recovery to the
basis of 77.3. as a result of gains In gold
holdings and reductions In rediscounts.
The effect of the large demands center
ing around the first of the month la
passing. Call money renewed at 3ft, and
went to 3% per cent before the close.
Such disappointment as may have re
sulted from the unfavorable character of
the Russian reply, at Genoa, Is largely
offset by Lloyd George’s proposal for a
ten-year truce. —Copyright, 1922, by Pub
lic Ledger Company.
WALL STREET GOSSIP
BY MONITOR.
NEW YORK, May 13.—Lackawanna
Steel was the outstanding feature In the
trailing yesterday, with other steels
closely following the upward movement.
Acquisition of the Lackawanna property
Is regarded In the Street as a coup
fur the Schwab Interests, and traders are
wondering where the lightning Is going
to strike next. Lackawanna had a split j
opening from 73 to 75. and established \
a * new high above 78. At the close, ,
Lackawanna, selling at 78%, showed a
net gHin 12. points, making a total of
19% points for the two days' trading.
Naturally, the financial district was
fnll of rumors regarding further steel
mergers, and most of the prominent com
panies were mentioned In this connec
tion. One story In circulation was to
the effect that Crucible Steel was con
sidering taking over the United Alloy
Steel. Crucible Steel advanced AH points
on this report, white the United Alloy
touched 39 and closed 3 points higher
for the day.
United States Steel was not neglected
and advanced 1% points on the general
theory that all this turned In the steel
Industry would benefit the leading pro- j
ducer If it benefited anybody.
Bethlehem Steel “A" was up 3% points,
and the "U” stock was up 2% points. In
view of the lack of wire making facilities
In the Bethlehem plant, Wall Street Is
taking seriously rumors that Bethlehem
Is now considering the purchase of or
merger with Wickwire Spencer, and on
the strength of this gossip, tha latter
stock advanced 2Vi points today.
The reaction In Virginia-Carolina
Chemical common and preferred stocks
Is ascribed to expectations of new fi
nancing to come In th-> near future. It
is believed thnt the company may find
it desirable to take advantage of the
current ease In money conditions to ac
quire new funds to be used for retire
ment of bank loans and for new working
capital. This stock is not heavily capi
talize,] at the present time in view of the
fact that Is could probably carry a larger
Indebtedness. Yesterdays’ decline could
hardly have been entirely due to the
new financing story.
Weather
The following table shows the state
of the weather at 7 a. m , Mgy 13, as ob
served by the United States Weather
Bureaus:
Station. Bar. Temp. Weather.
Indianapolis, Ind. . 29.04 03 Clear
Atlanta. Ga 29 88 68 PtCldy
Amarine, Texas .. 30 10 50 Clear
Bismarck, N. D. ... 29 84 42 Rain
Boston. Mass 29 82 58 Cloudy
Chicago, 111 29.94 64 Clear
Cincinnati, Ohio .. £9.90 64 Cloudy
Cleveland, Ohio .. 29.92 52 Cloudy
Denver. Colo 30.18 42 Clear
Dodge Ci|y. Kas. . 30 20 CO Rain
Helena. Mont 80.18 46 Clear
Jacksonville, Fla. 29.84 76 Clear
Kansas City, Mo. . 30.04 60 Clear
Louisville, Ky. ... 29 90 64 Clear
Little Rock. Ark. . 30.00 68 Clear
Los Angeles, Cal. . 29.96 66 Clear
Mobile, Ala 29.94 72 Cloudy
New Orleans. La. . 29.96 76 Clear
New York. N. Y. . £9.84 54 Clear
Norfolk. Va 29.80 66 Cloudy
Oklahoma City ... 30.04 58 Cloudy
Om#ha. Neb 30.04 54 Clear
Philadelphia. Pa. .. 29.86 60 Clear
Pittsburgh, Pa. ... 29.86 54 Cloudy
Portland. Ore. ... 30.30 60 Clear
Rapid City, S. D. . 30.04 44 'Cloudy
Roseburg. Ore. ... 30.32 48 Clear
San Antonio. Texas 29.98 08 Cloudy
San Franclseo, Cal. 30.06 50 Clear
St. Louis. Mo 30 02 66 Clear
St. Paul, Mian. . 29.94 48 Clear
Tampa. Fla 29.86 78 Clear
Washington, D. C.. 29.82 64 PtCldy
weather conditions.
Since Friday morning rains have
occurred from tho southwestern Lakes
region southward over Tennessee, and In
middle-western Cona-k*. Elsewhere yx
cept In small and scattered areas gener
ally fair weather has prevailed. It Is
cooler from the Ohio River northward,
but In other sections the temperature
changes have not been of marked de
gree. Frosts occurred last night la the
middle parts of the western highland
region and In northern Minnesota.
i. H. ARMINGTON,
Meteorologist, Weather Bureau.
CORN AND WHEAT BULLETIN.
For the twenty-four hours ending at 7
a. in., Friday, May 12. 1922:
Temper
•tore a
- o
Stations of t, - ■“ e •
Indianapolis „a * a -8J
District 17. 85 S
• |s £T a S3 l *
g£ 33 3ga
South Bend 76 |sl 0.02 Good
Angola 83 |62 0.89 Fair
Ft. Wayne 82 156 0.16
Wheatfleld 71 | 48 0 Good
Royal Center .. 78 152 0 Good
Lafayette 80 i 55 | 0.55 Qood
farmland 86 156 I 0.44 Good
InCHannpolls .... 81 1 58 | 0 Good
Can bridge City. 81 ! 52 | 062 Good
Terrt' Haute .... 80 1 66 I 0.10
Bloomington .... 83 I 65 I 0.03 Good
Columbia •••••■ 86 | 57 i 0.17 Good
Vlncennil* ...... 82 ! 54 I 0.18 Good
pioii 81 | 60 | 0.45 Good
J. H. ARMINGTON.
.Meteorologist. Weather Bureau.
Evansville** x-v lß4| 60 | # |
INDIANA DAILY TIMES.
Stock Market Review
NEW YORK, May 13 —Trading In the
Steel shares again monopolized most of
the speculative Interest on the stock ex
change today.
Lackawanna Steel made a further new
high and advantage was taken of the
success of the Bethlehem-Lackawannu
merger to advance all of the independent
steels and related companies, particular
strength being shown by Vanadium, Rep
logle and Sloss Scheffleld.
Stimulated by the continued rise In this
group, persistent reported were spread
about the merging of the half a dozen
different companies.
Besides the talk of Bethlehem negotia
tions for Wlckwire, which seemed to have
some real basis, one rumor was to the
effect that Virginia Iron, Coal St Coke
was to be Included In the seven company
merger In place of Lackawanna.
Sloss Sheffield’s name was linked with
that of several other companies, although
the real basis of the move In this stock
seems to be the; liquidation of Its In
ventories and the buoyant State of the
Southern Iron market.
Behind all the merger talk, however,
are the facts that United States Steel
last Wednesday showed again that steel
companies, due to the strike, are now
able to choose the most profitable of the
business offered and that business com
panies like Vanadium haa shown a large
Increase In the last two weeks.
Due to the weakness of the market In
the'first three days of the week, those
facts have not been discounted.
STOCKS SUSTAIN
IRREGULAR CLOSE
Steel Issues Lose Part of
Initial Advances.
NEW YORK, May 13.—The market
closed Irregular today.
Many of the steel shares reacted from
1 to 2 points from the high levels In the
last few minutes. Lackawanna Steel
after touching 79%, yielded to 7SV4. and
Crucible Steel fell over 2 points to 75.
United States Steel receded from 99%
to 09%.
Reading was a strong feature In the
railroad list, advancing nearly 2 points
to 70%.
Studebaker dropped 1 point to 117%.
Fractional recessions occurred In the
oil shares.
Government bonds were unchanged and
railway bonds were unchanged and rail
way and other bonds. Irregular.
Stock sales for the day totalled 713,-
000 shares; for the wek, 5,708,300.
Total sales of bonds were $7,555,000; for
the week, >87,881,00.
(By Thomson & McKinnon.)
—May 13.
At the opening of our market this morn
ing there was nothing to Indicate any
change In market sentiment. What nows
we had was In the main favorable with
the exception of a rather pessimistic view
of the outlook at Genoa.
The early trading was of the quiet and
orderly sort. There was some profit
taking, throug commission houses, In the
•reel Issues. There was Investment de
mand hero and there, but it was not un
til the latter half of the session that the
various steel shares again assumed a
position of prominence with a renewed
demand for all of them.
In market circles, there is a well de
fined opinion that we will ultimately have
one or more mergers which will Include
many of the Independent steel compan
ies and this Is quite logically a stimu
lus to the entire market, for there can h
no doubt the desirability, from a busi
ness of this country In a more advan
tageous position to meet new world trade
conditions.
The money market remains easy and
this naturally Is another Incentive f,,r
the promotion of the larger corporations.
The tendency of the market seems to be
again definitely upward.
TWENTY STOCKS AVERAGE.
NEW YORK, May 13.—Twenty Indus
trial stocks Friday averaged 92.50, up
1 per cent. Twenty active rails aver
aged 83.44, up 32 per cent.
CLEARING HOUSE STATEMENT.
NEW YORK. May 13. Exchanges,
8Wi,800.00fl; balances $66,900,000 Federal
Reserve Bank credit balances, $17,100,-
000.
Money and Exchange
Indianapolis Khnk clearings Saturday
were $3,2*5.000. and for the wek ending
Saturday. $19,386,000. Bank debits Sat
urday were $4,333,000, and for the week
ending Saturday, $33,300,000.
NEW TORK, May 13.—The foreign ex
change opened easier today, with demand
Sterling % cents higher at $4.44V
Francs rose 2 centimes to 9.11 %r for
cables, and to 9.11 c for checks. Llres
yielded % point to 5.24%c for cables, and
to 5.24 c for checks. Belgian francs were
unchanged at 8.30 c for catdes and 8.25%e
for checks. Marks were off % point to
,0034%c. Guilder cables were 38.ti.3c:
checks, 88,58 c. Sweden kronen cables
were 25.65 e; checks, 25.63 c. Norway
kronen cables were 18.67 c; checks. 18.02 c;
Denmark kronen cables were 21.31 c;
checks, 21.26 c.
MOTOR SECURITIES.
(By Thomson & McKinnon.)
—May 13—
—Close, —
Bid. Ask.
Earl Motors 33%
Packard com 12% IJTL,
Packard pfd 874* 90
Peerless 40 42
Continental Motors com. .. 8(4 8(4
Continental Motors pfd Ml 92
Hupp com IS*i IPV4
Hupp pfd 9s 103
Reo Motor Car 24% 24%
Elgin Motors 2% 3
Ford of Canada 375 385
National Motors 2 3
Federal Truck 22 24
Paige Motors 20 2t
Republic Truck 8 6%
ACTIVE OIL STOCKS.
(By Thomson Sc McKinnon.)
—May 13—
—Opening—•
BI<J Ask.
Anglo-American Oil 29% 21 %
Atlantic Lobos 10% 11
Borne-Scrymser 360 380
Buckeye Pipe Line 97 99
Chesebrough Mfg. Cons 190 200
Continental Oil. Colorado... .140 150
Cosden OH anu Gas 5 8
Crescent Pipe Line —.. 35 38
Cumberland Pipe Line 140 150
Elk Basin Pete 8% 8%
Eureka Pipe Line 101 104
Galena-Signal Oil, pfd 110 115
Galena-Signal Oil, com 00 63
Illinois Pipe Line 187 192
I . liana Pipe Line 99 102
Merritt Oil 13% 13%
hlidwest Oil * 2% 3
Midwest Rfg 200
National Transit 30 31
New York Transit 176 182
Northern Pipe Line 106 109
Ohio Oil 312 322
Penn.-Mex 27 32
Prairie Oil and Gas 610 620
Prairie Pipe Line 227 232 .
Rapulpa Refg 3% 4
Solar Refining 860 380
Southern Pipe Lins lot, 104
South Penn. Oil 215 225
Southwest Penn. Pipe Lines. 02 65
Standard Oil Cos. of 1nd.... 106% 106%
Standard Oil Cos. of Ka0...570 580
Standard Oil Cos. of Ky 82 82%
Standard Oil Cos. of Neb 190 200
Standard Oil Cos. of N. Y 410 418
Standard Oil Cos. of Ohio 400 480
Swan & Finch 30 49
Vacuum Oil 420 440
Washington Oil 20 30
CHICAGO STOCKS.
(By Thomson & McKinnon.)
Open. High. Low. Close.
Arm. & Cos. pfd. 96%
Cudahy 65
Com. Edison ...180% 131 130% 131
Continental M. . 8% 8% 8% 8%
Deere & Cos. pfd. 75
Diamond Match .114
Earl Motors ... 3%
Libby-McNcll .. 2% 32% 2%
Mont. Ward. . 21% 22 27% 22
Nat. L. New .. 9% 9% 0% 9%
Piggly W. "A". 45(4 46% 44% 46%
Stewart W 40 (4 40% 40% 40(4
Swift & Cos. ...101% 102 101% 101%
Swift Inti. ... 20% 20% '20% 20%
Union C. A C.. 58% 59 'SB 58%
Wahl 64 64% .03% 03%
Wrigley 102% 102% 102 102
Yellow Taxi .. 72 72 71% 72
IS/. Y. Stock Exchange
(By Thomson Sc McKinnon.)
—May 13— Prev.
High. Low. Close. Close.
Am. Ship. St C. 17ft 16ft 17ft
Ajax Rubber... 17 17 17 17
Asad. Ore 125 125 125
AHls-Chalmers.. 49 48ft 49
Am. Beet Sugar 39ft 39% 39% 89
Am. Bosch Mag. 45ft 45 40ft 44
Am. Can 47% 47% 47ft 47ft
Am. Car Sc Fdy.160% 100% 160% 158%
Amu. Ice 105 104% 104 ft 104
Am. H. &L. pf. 07% 6) ft 67ft 67
Am. Internatl... 44% 44% 44% 44
Am. Loco 115 114 114 114
Am. Steel Fdy. 39 38ft 89 38%
Am. Smt. & Kef. 59 58ft 58% 57%
Am. Sugar Kef. 75 74% 75 74%
Am. Sum. Tob. 33% 32% 33% 32%
Am. TeL & Tel. 122 121% 122 121%
Am. T0bacc0...139% 139% 139% 139%
Am. Woolen 91% 90% 01st 91%
Anaconda 52ft 52% 52% 52%
Atchison 99ft 99ft 99ft 99%
Atl. Coast Line.lo2ft 102 102
Atl. G. & W. I. 35% 85% 39% 35%
Austin Nichols. 24ft 25ft 25ft 25
Baldwin L0c0..117% 116 ft 117 ft 116%
B. & 0 40ft 45ft 40% 46
Beth Steel (B). 81% 80% 80ft 91st
Brk. llap. Tran. 26% 20% 20ft 25%
Can. I’ac. Ry... 140% 139% 139% 140
Central Leri her 37 30% 37 37%
Chandler Motor 73% 73% 73% 73ft
CM & S P com. 20% 20 26 25%
CM&StPpfd.. 42% 41st 42% 42ft
Chi & Nw 74ft 73ft 74ft 73%
C. K. I. & P... 43ft 43Vi 43ft 43
CRI&P 7pc pf 95% 95% 95% 95%
Chili Copper... 19-% 19% 19% 19ft
Comp. & Tab.. 07 65 66ft 65
Cluett & Peabd 54
Chino Copper... Bft 28ft 28ft 28%
Columbia Gas .88 88 88 87%
Coca Cola 57% 57ft 57 57ft
Col. Fuel & Iron 36ft 35 35% 35
Cons. Gas 117 116% 116% 116 ft
Corn Products .101% 101 loift 101%
Crucible Steel . 77ft 74% 75 75%
Cub. Am. Sugar 21 20% 20% 20%
Cub. Cane Sugar 15% 15% 15% 15%
Dav. Chemical . 60 59 59%
Erie 13% 13 13% 12ft
Kndlcott & J. . 82% 82 82 81%
Famous Players 80% 80ft soft SO%
Fisk Hub. Cos. . Is IS 18 1,8%
Gen. Electric ...103% 163% 103% 102%
Gen. Motors .. 12 ft 12ft 12 ft 12%
Goodrich 40ft 40 ft 40ft
Great North, p. 74% 74ft 74% 74%
Great Nrth, Ore 41st 41% 41st 41%
Gulf States St. .87 54% 85ft 84%
Hupp Motors .. 19% 18ft 19% 18%
Houston Oil ... 78% 78% 78% 78-<a
Illinois Central 103% 103% 103% 103%
Imiiahuuia 1% 1 1% 1%
Inspiration Cop. 40ft 39ft 89ft 40ft
Inter. Nickel .. 17% 17% 17% 17%
Inter. Taper ... 51 50% 50% 50ft
Invincible Oil . 17% 17% 17% 17ft
Keystone Tire . 22% 21st 22% 22ft
Kely-Sprng. Tre 50ft 50ft Soft 50%
Ken. Copper ... 32% 32% 32% 33
Lack. Steel .... 79% 78ft 78% 78%
Lee Tre St Bb. 33% 83 Vi 33%
1. & N 119 119 119
Martin Parry .. 3! 30ft Soft 30ft
Marine coin 23ft 23ft 23 ft 28%
Marine pfd 83% 83ft 83ft 82ft
Maryland Oil .. 31% 31% 31% 3t%
Mexican Pet.... 130% 130 ft 130% 130%
Miami Copper.. 25% 25% 28ft ...
M Suites 0i1... lift 14% 14% 31%
Midvale Steel... 40ft 87ft 40% 38%
Mu.-Par. Ry 23 22ft 22ft 22ft
Mo.-Pac Ry pfd 55 55 55 55%
Mont & W 21% 21% 21% 21
Nev Cun Cop... 10% 16% 16% ...
N Y Central... 89% 89ft 89% 89
New Haven ... 29ft 29% 29% 29%
North Pacific.. 75% 75ft 75ft 751..
Pro it Refiners. 37ft 37 37ft 37
Owen But com 30ft 36 30ft ...
Pa aAm Pete .. 64ft 64% 04% 03%
I’enna Ry 40% 40ft 40% 40%
People’s Gas— SO 80 SO 80
I’ere -Marquette 31% 30% 30% 30%
Pierce-Arrow ..21 19% 20ft 20%
Pierce Oil Cos.. 11 11 11 10ft
Pullman p C ..121% 120 ft vift j->;7
Oil 33% 33ft 33ft 33%
Reading 79ft 77% 7sft 77%
Hep I A steel 73% 67ft 73 *%
Replogle Steel . 30% 34 33ft 33%
Royal I) of NY 03 02ft 02ft 03%
Sears-Roebuck . 71% 73 71% 73ft
Sinclair 32% 32 32 31%
Sloss Sln-ff. S. I. 54% 49% 52 48ft
bomb. Pttc 90% 90% 90ft 90%
Nonthern Rv. .. 24% 25ft 24% 24
St. Oil of fft1.,114% 112, 114% H3%
St. Oil of X. .T.. 188% ISO iso IST
St- S. F. com... 30 29 % 29ft 29
Stew.-Warner .. 4040 40 44)
Strom. Car 63% 53 53% 5>U
Studebaker J !.s% 117% 117% 118
1. x Gas A- Sul. 42ft 42ft 42ft
Tex Cue! & Oil. 29ft 29% 23% 29
Texas Cos 48 47ft 47ft 48
I’ex. A I’n dflc. 82% 32% 32ft 32
Tob. Products.. (.9 68% r,\• , nsa;
Trans-eon. 0i1... 17 15% 17 141%
1 nlon <Ol 22% 22% 22U •*■%
' ■‘i n I’ac 137 ft 137% 137% 137 ft
I toted Drug ... 72% 7tft 72% 72
t tilted Fruit ...140 159’-.; 140 138'%
C. S. Ret. Btrs.. 68ft 67% f.g ,\q
L. S. c. Iron I'. 30% 35% 35ft 33ft
U. S. Indus. A!. 49 49 49 49%
U. 8. Rubber... 63% 02% 03% atn.
1. 8. Smelter... 40% 40% 40% 39%
U. S. Steel 99% 8% 99% pkft
C S Steel pfd.HO 110 110 110
T tah Copper ... 65% 65 65% 01%
vanadium Steel. 51% 48% ni lift
Wa'tnsh 10% 10% 10% 10%
Wabash Ist pfd. 31 30% 31 30ft
Wurth. Pump... 51% 51% 51%
West. Union. .. 98% 95% •*% ’o7lft
Wosth. Elec. ... 62 62 02 62
W-< norland ... 8 7% 77' g
White Oil 10% W>% io% 10
Wilson &Cos 437% 44% 45% 45%
In the Cotton Market
M. H lORK. May 13.—The cr tton mar
ket was irregular at the opening today
nr an advam-o of 8 points to a decline
of 3 points.
Near months showed relative strength,
Influenced by bullish spot and textile
advices.
Early messages from the South re
ported a continued active demand, with
foreign Interest the leading buyers.
The weather lu the belt was regarded
as favorable.
The market later was quiet, with
special price changes.
New York opening cotton prices—Mav.
19.95 c; ,T ,ly, 10.90 c; October, 19.50 c: De
cember, 19.48 c; January, 19.42 e; March,
19.43 c.
The market was dull early, but steady
in the late dealings, closing unchanged to
3 polutH lower.
—Cotton Futures—
Open. High Low. Clone.
January 19.42 19 46 19.38 19.42
March 19.43 19.47 19.39 19 44
May 19 92 19.95 19.75 19.84
July 19 00 19 01 19.40 19.49
October 19 52 19 58 19.41 10 51
December 10.48 19.59 19.45 19.51
■ —Cotton Review—
NEW YORK, May 13.—Although we
had some further unfavorable reports i
from the Southwest with overflows from
Ihc Austin section, the market response
was less pronounced and the moderate
bulge of the day was not well main
tained.
There will, of course, be unfavorable
crop reports for some time, because the
effect of overflows will be felt for at
least several weeks, but the weather map
gives propose of clearing .skies, and
improvement in weather ought to be
followed by a more liberal profit taking
In the market than we have yet experi
enced.
It would, therefore, only he natural
to expect a fairly good reaction in the
near future, and we would recommend
the acceptance of profits on long cotton.
NEW YORK SUGARS.
NEW Y'ORK, May 13. — Raw sugars
were In fair demand In trading on the
closing market of the week today, arid
values were stendy to weak. Cubas sold
at 4.04 e per pound, duty paid, and Port
Ricos 3.62@3.92c per pound, duty free,
delivered. Refined sugars were steady,
with trading rather dull. Fine gran
ulated was quoted at 5.30@5.50c and No.
1 soft at 5.25@5.50c per pound.
NEW YORK COFFEE.
NEW YORK, May 13.—Coffee values
were about steady in trade on the ex
change here today, opening options be
ing 1 to 3 points higher. Rio No. 7 on
spot sold at ll@ll%c per pound.
NEW YORK TURPENTINE.
NEW YORK. May 13—Turpentine sold
at 92c per gallon In trade on the mar
ket here today.
STANDARD OIL OF INDIANA.
Sales. 6 100 shares.
Open, 106%: high, 106%; low, 105%;
close, 106 ft.
WHOLESALE BEEF PRICES.
The following are today's wholesale
prices for beef cits as sold on the In
dianapolis marketu of Swift & Cos.: Ribs
—No. 2,18 c; No. 3,14 c. Loins—No. 2,
24c; No. 3,18 c. Round—No. 2,15 c; No.
3.14 c. Chucks—No. 2,11 c; No. 3,9 c.
Plates—No. 2,7 c, No. 3,, 6c.
SWINE VALUES
HOLD STRENGTH
Speculators Only Buyers of
Cattle—Veals Steady.
RANGE OF HOO PRICES.
Good Good Good
Mar Mixed. Heavy. Light.
6.510.65 010.73 $10.60010.70 110.76010.90
8. 10.90 50.76010.90 10.90011.00
9. 10.900U.00 10.76 010.90 10.90011.00
10. 10.80010.90 10.65010.75 10.85010.90
11. 10.65010.75 10.60010.60 10.76010.86
12. 10.85010.75 10.50010.66 10.76010.90
18. 10.75010.85 10.66010.75 10.85010.90.
Swine prices were steady to 5c higher
than the best time of tha market of the
previous day in trade on the local live
stock exchange today.
Receipts for the day were light at be
tween 4,000 and 4,500, and the demand
by both shippers and packers was good.
There was a top of $10.90, at which
there was a considerable number of
sales, while the bulk of the sales for
! the day were made at $10.75@10.85.
Lights brought $lO 85@10 90, mixed and
mediums $10.75® 10.85 and heavies $10.65
<310.75.
Roughs were In good demand and sold
at $8.75(39 25. Stags brought $6.50@7.50.
Pigs brought the price of the loads and
! down.
Cattle receipts were extremely light
at 100. and, with speculators the only
active buyers, prices ruled about steady.
The quality was good. None of the pack
ers bought.
Veals were steady generally, with re
ceipts close to 200, the quality fair and
the demand by shippers with eastern
house connections good.
There was a top of $lO, at which there
was a fair number of sales, and the
bulk of the good to choice veals brought
$0 50©10.
With around 100 sheep and lambn on
the market, prices were about steady.
The bulk of the receipts -were of the
poorer grades of stuff.
HOGS.
100 to 180 lbs average $lO 85(310.90
Over 300 lbs 10 50^10.60
150 lbs to 300 lbs..’ 10 05(310.90
Best pigs, under 140 lbs 10.65(3-0.85
1 op 10.90
Roughs 8.75(3 9.23
Stags 6.30(3 7.50
Bulk of sales 10.75@10.83
—Cattle ■
Few choice steers 8.00
Prime corn-fed steers, 1,000 to
1,800 lbs 7.50@ 7.75
Good to choice steers, 1,200
to 1.300 lbs 7.00® 7.50
Good to choice steers, 1,100
to 1,200 lbs 6.5C@ 7.00
Good to choice steers, 1,000 to
1.100 lbs. 6.75® 6.50
Common to medium steers,
800 to 1,800 lbs 6AO® 5.75
Cows and Heifers—
Good to choice heifers 7 65® 8.00
Medium heifers 7.00® 7.50
Common to medium heifers.. 5.83® 6.85
Good to choice cows 6.00® 6.75
Fair to medium cows 4.00<g 5.50
Canners 2.50® 3.75
Cutters 2:50® 3.73
. —Bulls -
Fancy butcher bulls 6.50® 6.00
Good to choice batcher bulls. 5 00® 5.75
Bologna bulls 3.75® 4 >SO
Eight bologna bulls 8.50® 4.00
Light common bulls 3.25® 3.50
—(alvee—
Choice veals 0.50® 10.00
(food veals 9.00® 9.50
Medium veals 7.50@ 8.50
Common to heavyweight veals 7.00® 7.50
Lightweight yeals > 6.00@ 7.00
—Stockers and Feeders—
Good to choice steers under
800 lbs 5.73® 7.00
Medium cows 2.50® 4.00
Good cows 8.23® 4.2.’#
Good heifers 5.75® 6.75 ■
Medium to good heifers 4.50® 5.75
—Sheep and Lambs—
Cull ewes 2.50® 350
Good to choice ewes 6.00® 8.00
Bucks 2 s<@ 3 00
Clipped lambs'.... 900® 11.00
Wool lambs 11.00@13.00
Springers 13.00Q17.00 1
Buck lambs 6 00® 6.00
Culls 3.00® 4.00
Other Livestock
UTIICAGO, May 13-Hogs-Recelpts. !
4.500 market, steady to 10 to 15 cents
higher; lights, steady: others, higher::
bulk of sabs. slo.3il@ 10.75; henvles, $10.43,
@lO 63; mediums, $10.55@10.88; lights, |
$1075® 10.85; light lights. $10.40@10.70; I
heavy packing sows, smooth. $9.50@9.75Nj
pneking sows, rough. $f1@9.50; pigs. $lO
@10.50. Cattle—Receipts. 500; market,
slow steady. Sheep and lambs —Rec-
celpts. 2,000; market, steady.
CINCINNATI, May 13. Hogs—Receipts,s—Receipts,
2.000; market, steady generally; all
grades good swine. $lO 75; pigs, $10.50;
roughs, $9; stngs, $5 50. Cattle—Re
ceipts, 300; market, steady to strong:
bulls, strong; calves. $lO. Sheep and
lambs—Receipts, 1,200; market, steady;
ewes. sstit7; choice lambs, sl6; seconds,
$lO@U ; culls, s7®9.
EAST ST. L‘>UlS, May IS.—Hogs—Re
ceipts, 8,000; market, 10 cents higher:
mixed and butchers, $10.70® 10.85; good
heavies, $I0.70@10.80: roughs, $9.15®
9.25; lights. $10.70@10.80; pigs, $10@10.S0;
bulk of sales, $lO 70@10.50. Cattle—Re
ceipts, 200; market, steady; nntlve beef
steers, $8.75®9.25; yearling steers and
heifers, $8.05®9.10; cows, $3.50@6.75;
sfockers and feeders, $5.75@7.50; calves,
$3.25@9.75; canners and cutters, $3@4.7n.
Sheep and Lambs—Receipts, 150; market,
nominal.
EAST BUFFALO, May 13.—Hogs—Re
cpltits. 400: market, active: vorkers, sll.lO
@11.25; pigs, $11; mixed, $11.10@11.15;
heavies, $11; roughs, $9; stags, ss@6. Cat
tle—Receipts, 300; market, slow; shipping
steers, $5.30@8.90; butcher grades, $7.50®
8.03; heifers. $5.50@8 25; feeders. ss@6;
cows, $2@0.75; bulls, $4W5.75; milk cows
and springers. $45@M25. Calves—Re
ceipts; 150; market active; dull to choice,
s4@ll. Sheep and lambs—Receipts. 1,800:
market, active; choice lambs, $13.25@14;
cull to fair lambs, sU@l2; yearlings, s7@
11; sheep, $3@9.50.
CLEVELAND, May 13— Hoga— Re
ceipts, 2,000; market, steady to shade
higher- Yorkers, mixed, mediums and
nlga, $11; roughs, $8.50; stags, $5.50.
('little Receipts. 150; market, steady.
Sheep and Lambs—Receipts, 500; market,
steady; top, sl4. Calves—Receipts, 200;
market, 50 c:.ts lower; top, $9.50.
PITTSBURGH. May 13— Hogs—Re
ceipts, 1,500; market steady generally;
prime heavies, SiO.SO® 10.90; mediums,
sll 10@11.20; heavy and light yorkers,
$11.15® 11.20; pigs, $lO 90@11; roughs,
$5.50@8.75; stags, $5@5.25; heavy mixed,
$11@!1L05. Cattle--Receipts, 100; market
steady; choice, $9.10@9.50; prime, SB.BO
@0; good, sß@'B.so; tidy butchers, $7 60®
8.25: fair, $6 50@7.25; common, $5@6.50;
common to good fat bulls. s3@6 50: com
mon to good fat cows, $3.50@6 50; heifers,
$5.50@7.50; fresh cows and springers. $35
®75; veals. $9.50; heavy nnd thin calves,
$4@6.50. Sheep and lambs—Receipts,
1.500: market steady; prime wethers, $8
@8.50; good mixed, $7@7.75; fair mixed,
$5.50@6.5<>: culls and commons, s2@4;
good to choice lambs, $13.50@14; spring
ers, sl6.
Local Curb Market
(By Newton Todd.)
—May 13—
Bid. Ask.
Am. Hominy Cos. ........... 10 10
Central and Coast Oil % ...
Choate OU Corp. % %
Commonwealth Fin. com. ... 28 38
Commonwealth Fin. pfd. ... 48 68
Columbian Fire Ira. Cos 0 7%
Payton Rubber Units 48 68
llctograph Prod, pfd 28 38
D W. Griffith 8% 0%
Elgin Motor Car 33%
Fed Fin. Cos. pfd 78 88
Fed. Fin. Cos. com 121 131
Gt. Sou. Prod. & Ref-- *% ®
Interstate Pub. Berv. pfd. ... 81 81
Metro, 5-10 c Store com 8% 7
Metro. 5-lOc Stores pfd 18 27
Nat. Underwriting 2% 5
Kauch & Lang Unit* ...... 21 81
Robbins Body Units 14 23
Hub. Tex. Units 10% 10
U. S. Auto Units 80 40
U. S. Mtg. Cos. Units 105 125
BANK STOCKS.
Commercial Nat. Hank .... 74 03
Cont Nat. Bank 104 114
Ind. Trust Cos 170
Ind. Nat. Bank 253 205
Mer. Nat. Bank 282
Nat'l City Bank 72 88
Security Trust Cos 131 140
State Sav. Sc Trust 94 08
Union Trust Cos 300 . _
Wash. Bask & Trust Cos, . 160 dflt
GRAIN VALUES
CLOSE LOWER
Heavy Selling by Cash Inter
ests Causes Declines.
CHICAGO, May 13.—Prices were lower
during the final hour of dealings on the
Chicago Board of Trade today.
Local commission houses bought heav
ily on the decline.
Favorable weather reports from the
winter grain belt were received.
After the opening wheat weakened due
to heavy selling by cash interests, who
bought earlier in the week.
Corn and oats dropped In sympathy
with wheat.
Provisions were Irregular and weak.
May wheat opened up %c at $1.45, and
closed off 2c. July wheat opened up %c
at $1.26%. and closed off l%c. September
wheat opened up l%c at $1.20%, and
closed off l%c.
May corn opened at 61%, up %c, and
closed off %c. July corn opened up %c
at 64%c, and closed off ftc. September
corn opened up %c at 66%c, and closed
off ftc.
May oats opened unchanged at 37ftc an
closed off Vic. July oats were up V*c af
40c at the opening and closed off Vic. Sep
tember oats opened off Vic at 41%c t and
closed of? ftc.
(By Thomson & McKinnon).
—May 13-
Wheat—The early market in wheat to
day gave evidence of export business
in the new crop, but outside of that,
the demand was insignificant. Evening
up for the week-end appeared later,
prices respondlif); readily because of the
general dullness. Foreign markets were
firm in priee. but It was claimed that
Manitobas and new United States wheat
offerings were more liberal. The sea
board reported sales of 300,000 to 400.000
in nearby positions with unconfirmed
rumors of around a million bushels of
the crop. With . the exception of one
or two complaints of red rust in soft
wheat territory, news from our own
crop is generally flattering. Harvesting
will commence in the extreme South
about the first of next month. It is not
to be expected that the market will
show any pronounced strength so long
as news from the growing crop is of
its present nature, but we still feel that
the greatest opportunities rest with the
buyer of the new crop deliveries on the
theory thnt Europe will ultimately ab
sorb all of our new crop and in the event
of a change from the present prospects
will be an urgent buyer.
Corn and Oats—The seaboard reports
a fair export business in corn each day.
There is likewise reported a rather good
domestic demand. The export business
In oats heretofore has been from north
ern markets, but this morning small
quantities were sold from this market
to seaboard exporters. Prevailing
weather is distinctly favorable for the
completion of corn planting and for the
growth of oats. These markets may con
tinue to sympathize with wheat for a
time, but they seem to have Individual
merit underlying thpm.
Provisions —A belief in an Increased
movement of hogs is frequently ex
pressed, but so far this has not ma
terialized. The closing tone of the hog
market was strong and their strength
was rellocted in the provision list,
CHICAGO GRAIN TABLE.
—May 13—
WHEAT— Open. Illgh. Low, Close.
May.... 1.43 1.46 1.43 1.43
July.... 1.20% 1.27% 1.24% 1.25
fiept.... 1.20% 1.29% 1.13% 1.18%
CORN—
May 61% .61st .60% ,60ft
July 4ft ,04ft .64 .61
Sort 60% .67 .06% .60%
OATS—
May 87% .37% .37% .37%
.Tilly 40.40 .39% .89%
Sept 41% .41% .40ft .40%
p r. T? Ty
•May.... 22.50 22.70
LARD—
May 11.45 .1154 11.43 11.54
July.... 11.62 11.54 11 48 11.50
Sept.... 11.75 11.77 11.70 11.72
RIBS—
•May 1252
•July.... 11.83 11.90
•Sept 11.90
RYE—
May.... 1.06 100% l.Oßft 1.00%
July 1.07% 1.0% 1.07% 1.07%
Sept 99ft 1.00 .99% .99%
•Nominal.
CHICAGO CASIT GRATN.
CHICAGO. May 13. Wheat Net
quoted. Corn—No. 2 mixed. 62c; No. 2,
white, 62%c; No. 2 yellow, 62%e: No.
3 mixed. 60fte: No. 3 white, 62c. Oats—
No. 2 white. 3934 c; No. 3 white, 3S%@
40%c; No. 4 white, 3S(g;39ftc.
TOLEDO SEED AND GRAIN.
TOLEDO, May 13.—Clovorseed —OaBh,
J 18.73; October, $11.35. Alslke—Cnsh, 1
*$1150: August, $11.73; October, $llOO.
Timothy—Cash, $3.10: May, $3.10; Sep
tember, $5.30: October. $3.30. Wheat—
Cash, $1.41%®1.43%; May. $1.41%; July,
$1.27. Corn—Cash, 67%@68%c. .Oats—
Cash. 44@46e. Rye—Cash, $1.08%. Bar
ley—Cash, 70c.
PRIMARY MARKETS.
(By Thomson & McKinnon.)
—May 13—
—RECEIPTS—
Wheat. Corn. Oats.
St. Joserh ... 6.090 86,000
Chicago 318.000 360,000 215.000
Milwaukee ... 3.000 56.000 f.1,000
Minneapolis .. 160.000 63.000 100,000
Duluth 177.000 6,000 103.0 to 1
St. Louis .... 106.000 103,000 106,0001
Toledo 3.000 9,000 10.000 j
Detndt 6,000 2.000 ;
Kansas City .. 166,000 61.000 5,000:
Omaha 85,000 54.000 24,000
Indianapolis . 1,000 32,000 20.000
Totals ~..1.011.000 770,000 641.000 1
Year ago ... 830.000 433.000 807,000 ;
—SHIPMENTS—
Wheat. Corn. Oats. :
St. Joseph .. 6.000 49.(110 !
Chicago 26,1100 581,000 160,000
Milwaukee .. 10.000 15.000 83,000
Minneapolis . 09.000 52,000 154.000
Duluth 641.000 645.00 500.000
Kt. Louts ... 146.000 68.000 80.000
Toledo 15,00 6.000 10,000
Detroit 1.000 4.000
Kansas City .. 230.000 24.0 0 14.000
Omaha 77,000 139.000 04.000
Total 1,498,000 1,002.000 i
Year ago .. 900,000 318,000 597,000
CLEARANCES -
Wheat. Corn. Oats.
New York 49,000
Philadelphia 86.000
Baltimore ’ 448,000
Totals 634,000 40,000
Year ago ... 223,000 54,000
INDIANAPOLIS CASH GRAIN.
' —May 13-
Bids for ear lots of grain and hay at
tha call of the Indianapolis Board of
Trade were:
Wheat —Weak j No, 2 red, $1.40%®
1.42%.
Corn —Steady: No. 8 white, Rs%@6flc;
No, 4 white, 64%@65%c; No. 8 yellow,
64%@65c; No, 4 yellow, 63%@01c; No.
pUfFHEE
I Sugar Tomorrow
1 FORESTMANOR
S(MS EXTENSION)
“The Addition Supreme”
Local Stock Exchange
—May 13—
STOCKS.
Bid. Aaki
Ind. Ry. Sc Light com 57 ..
Ind. Ky. & Light pfd 78
Indpla. St. Ky 50 ...
in tipis. N. W. pfd 0
Indpls. & S. E. pfd tO
T. H., T. & I. pfd 70
T. H., I. Sc E. com 6
T. H., I. & E. pfd ... 10
U. T. of Ind. com 1
U. T. of Ind. Ist pfd 4% 0%
U. T. of Ind. 2d
Advance-Rumely pfd *,•
com ~.
Am. Central Life 200
Am. Creosotlng pfd 94 >...
Belt R. U. pfd 50%
Belt R. U. com 60 62%
Century Bldg. Cos. pfd 93% ...
Citizens Gas Cos 20% ...
City Service c0m..... 234 237
City Service Cos. pfd 231 236
City Service Cos. pfd 64% 67%
Home Brewing 48 ...
Ind. Hotel com 86%
Ind. Hotel Cos. pfd 00 *••
Ind. Nat. Life Ins. Cos 2 *..
Ind. Title Guarantee 50
Ind. Pipe Line 03 ...
Iml pis. Abattoir pfd 45 B *.
Indpls. Gas 44 .•
Indpls. Tel. pfd 90 *..
Indpls. Tel. com 5 ~.
Mer. Pub. Util, pfd 48 8 .,
Nat. Motor Car Cos Ift 4
Pub. Savings Ins. Cos sft
Rauh Fer. pfd 47% ...
Stand. Oil of Indiana 103V4
Sterling Fire Ins Cos 7% 8
Van Camp Hdw. pfd 90 ...
Van Camp I’rod. Ist pfd.... 97 100
Van Camp Prod. 2d pfd..-.. ... *..
Vandalia Coal Cos. com 1
Vandalia Coal Cos. pfd 7% 12%
Wabash Ry. pfd 30
Wabash Ry. com 10 u >
BONDS.
Broad Ripple 5s 59 64
Citizens St. Ry. 5s 78% ...
Indian Creek Coal & Mine Cs ... 100
Tnd Coke & Gas 5s ... 80
Indpls. C. &S. 5s 91% ...
indpls. Sc Martinsville 55.... 55
Indpls. & North 5s 40 4S
Indpls. St. Ry. 4s 59% 64
Indpls. & N. W. 5s 51 65
Indpls. ic S. E. 5s 40
Indpls., Shelby. & S. E. 55.. 65 ...
T H , I. & E. 5s 58
Citizens Gas 85 90
Citizens Gas 84% 89%
Kokomo, M. & W. 5s 87 90
Ind. Hotel Cos. 6s 98% ...
Indpls. Water 5s 93 100
Indpls. Water 4%s 81 ...
Ir.dpls. T. A-T 78
Indpls. L. 4 H. ss. 90 92%
I . T. of Ind. Cs 51% ...
Mer. H. Sc L. 55.... 99 99%
New Tel. L. D. 5s 06% ...
New Tel. Ist Cs 96% ...
South. Ind. Power 6s 86% 91%
3 mixed, 64®65c; No. 4 mixed, 63@63%C.
Oats—Steady: No. 2 white, 42@42%c;
No 3 white, 41 @4l %c.
Hay—. Steady; No. 1 timothy, $19@19.50;
No. 2 timothy, $15.50@19; No. 1 light
clover mixed, 318@15.50; No. 1 clover,
$19.5d@20.50.
—lnspections
Wheat—No. 4 red, 1 car; No. 5 red,
1 car; No. 3 hard, 3 cars; sample. 1 car;
total. 0 cars.
Corn —No. 1 white, 1 car; No. 4 white,
6 cars; No. 5 white. 4 cars; No. 6 white,
3 cars; No. 2 yellow, 1 car; No. 3 yel
low. 2 cars; No. 4 yellow, 1 car; No. 6
yellow, 1 car; No. 3 mixed, 2 cars; No.
1 mixed, 1 car; No. 6 mixed, 1 car; sam
ple mixed, 2 cars: total, 29 cars.
Oats—No. 2 white, 4 cars; No. 3 white,
12 cars; No. 4 white, 5 cars; sample
white, 3 ears; total, 24 cars.
Rye—No. 2, 1 car.
BOARD OF TRADE STATEMENT.
The weekly statement of the Indian
apolis Board of Trade showing the output
of flour by loial mills, inspections for the
week and stock in store, follows;
COMPARATIVE STATEMENT.
Oulput of Flour — Bbls.
Mav 13, 1922 8.094
May 0, 1922 7.964
May 14, 1921 8,331
May 15, 1920 4,887
—Bushels—
Inspection for the Week — 1921 1922
Wheat 26.000 1,000
Corn 251,000 119.000
Oats , 222.000 66,000
Rye 4,000 3,000
Hay—3 cars.
STOCK IN STORE.
Wheat. Corn. Oats. Bye.
Mav 13 1022.. 95.000 161.000 183.000
May 14. 1921.. 54.030 226.610 182.510 4,500
May 13, 1920. .217,890 428.620 90,180 3,240
HAY MARKET.
The following are the Indianapolis
prices tor hay, oy the wagon load, de
livered lu Indianapolis:
Hav —Louse timothy. Sl?@18;
hav. $16@17. baied hay, sl7@lß.
oats —New, per bushel, 12@45c.
Corn—Both old and new, per bushel. 60
6x65c.
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 tot
No. 3 red winter.
INDIANAPOLIS PRODUCE.
Eggs—Fresh, 22@23c. Butter—Packing
stock. 15c. Poultry—Fowls, iS@23c;
broilers. 1%@2-lb size, 45c: leghorn broil
ers at discount; cocks, 14c; stags, 14c;
young hen turks, 8 lbs and np. 32c; old
tom turks. 25c; cull thin turkeys not
wanted: ducks. 4 lbs and up,l6@l7c;
geese, 10 lbs and up. 14c: squabs. 11 lbs
to dozen, $5.50@6; old guineas, per doaen,
$3
Butter —Local dealers ate paying 35®
86c per lb for butter delivered in Indi
anapolis
Butterfat—Local dealers are paying 35c
per lb for butterfat delivered In India
anapolis.
CHICAGO PRODUCE.
CHICAGO, Slay 13—Butter—Receipts;
11,100 tubs; creamery extras, 33%e;
standards. 33c; firsts, 30@33c; packing
stock, 18@19c. Eggs—Receipts, 152,700
cases; current receipts, 28%@24c; ordi
nary firsts. 22@22%e; firsts, 24%(g!25c;
checks, 20%@21c; dirties. 21%@22e.
Cheese —Twins, new, 15%@15fte: daisies,
15ft @l6c; young Americas. 16%; Long
horns. 16c; bricks. 14%@15c. Lire
’ —Turkey. Isc. chickens, 26c;
springers. 38@46c; roosters, 14c; geese,
14c; dueks. 22c.
CLEY’ELAND PRODUCE,
CLEVELAND. May 13 —Butter—Extras,
41@41%c; prints, 42@42%c: firsts, 40®
40%c: packing stock, 16@18c. Eggs—
Fresh, 28c; Ohio firsts, 26%c: Western
firsts, 25%c; cieo nut, 21@22c; high grade
animal oils, 22@22%c; lower grades,
@l7c. Cheese—York State,
Poultry—Live fowls. 27@29c; rooster™
17@18c: broilers, 40@50c.
15