Indiana daily times. [volume], June 22, 1922, Home Edition, Page 10, Image 10

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

Image provided by: Indiana State Library

                
10
NEWS BUDGET
FAVORABLE IN
STOCKMARKET
Volume of Trading Taken to
Indicate Looseness of
Speculation.
Special to Indiana Daily Times
and Philadelphia Public Ledger.
Ity MONITOR.
NEW YORK, June 22—Another budget
of favorable news developments served to
keep the undertone of Wednesday's mar
ket in the zones of firmness, although the
volume of trading amounting to about a
million shares and the moderate amount
of activity displayed by a large number
of issues, would indicate that specula
tive interest is concentrated rather close
ly on a few spectacular favorites.
Nevertheless, current news is of a de
cidedly encouraging character, although
the most important items, the reduction
in the rediscount rate of the Federal
Reserve Bank of New York from 4% Per
cent to 4 per cent and the remarkable
showing of Mexican Petroleum in respect
to earnings for 1921, were not made pub
lic until after the close. The reduction
in the bank rate does -ome not completely
as a surprise except in the sense that if it
had been delayed for another week or
so it would have occasioned no disap
pointment. The ease and abundance of
money and the relaxation in the credit
situation certainly call for such action.
Its effect should be more pronounced on
Liberty bonds than on other securities.
Developments in the general situation
are cheerfully constructive. The rail
roads continue to place large orders for
equipment, and competent opinion is to
the effect that the movement is only in
its initial stages. Cuban raw sugars
sold at anew high for the year. The
intensive activity in the automobile
business is reflected in the statement
that the Studebaker Corporation will en
ter the quarter beginning with July
with unfilled orders amounting to 20,000
cars. Such news as comes from the
conference on the Mexican oil situation
indicates satisfactory progress.
The unfavorable features in the sit
uation consist of the continuance of the
coal strike, which according to the
weekly review of the Iron Age, is throw
ing a shadow of uncertainty over the
steel industry, and the doubt that is felt
about the strike votes that are now be
ing taken by the railway unions. It is
hoped, however, that the letter of the
chairman of the Railway Labor Board,
calling attention to the fallacy of strike
action by the unions, will have a salu
tary effect on both the meti and their
leaders.
The day's renewal rate of 2% per cent
on call money was the lowest in nearly
five years.
The features of the day’s price move
ments, of course, were provided bv Mex
ican Petroleum. Pan American and
Studebaker. Rails, as a rule, moved
within a narrow range. Steels showed
ihe effect of some profit taking. Equip
ments reacted after an early display of
strength.
Sentiment is cheerful and confident,
although there is no disposition to ex
tend commitments beyond conservative
limits. —Copyright, 1922, by Public
Ledger Company.
WALL STREET GOSSIP
By MONITOR.
NE WYORK. June 22.—The Federal Re
serve Bank has cut the discount rate to
a basis of four per cent for ali re-dis
counts and advances. The rate bad
been 4% percent since Nov. 3, 1921. Low
est on record is 3 per cent in 1916 and
the highest was 7 per cent, which was
effective from Feb. 5, to May 1 In 1921
after which the rate eased gradually to
4% per cent. The last time the rate was
4 per cent was in October, 1920.
General expectation that the Federal
Reserve discount rate would be lowered
was reflected In the Liberty bond market,
where the turnover was heavier, with
activity pronounced. All of the Liberties
touched par or better at some time
during the day. The lower rate was not
a great surprise to the street as it has
been freely predicted since the recent
drop in the Bank of England rate.
Pan-American Petroleum and Trans
port and Mexican Petroleum Companyu
will Issue their reports for 1921 tomorrow
and will show very good results. The
volume of business done bv Mexican
Petroleum during 1921 was’ about the
same as the 1920 volume, but profits from
operations totalled $22,449,426. as com
pared with $15,469,733 in 1920. This differ
ence is explained by the fact that the
company bought high priced oil in the
previous year in order to conserve its
own supply.
The Pan-Amorioan Company shows net
profits o f51*.162.013 for the year, which,
when added to the previous surplus bal
ance of $10,560.970 and after deducting
$8,419,894 for dividends, leaves a filial
31 r 190* 5*0,457,423 as of December
Anew outlet for fuel oil is afforded
by the conversion of railroad locomo
tivpft from coni to oil burners. The
Chicago Sc Northwestern has converted
170 engines, and is finding the new
system more efficient and more economl
cal to operate, as it is not necessary to
change engines nearly so often. At the
same time, it has been discovered that
it reqtires but one-half hour to raise
steam in oil-burning fireboxes where
it requires three hours to raise steam
in a coal burner. The Chicago A- North
western now takes all the crude from
the Producers and Refiners wells in the
Lander field.
Herbert T. Parson, president of the
F. W. Woolworth Company, is optimis
tic over the outlook for the company
for the balance of the year. Mr. Par
son was interviewed just before sailing
for a three-months’ trip to Europe and
said: "Our business is coming along
nicely. We expect to do $160,000,000
worth of business In the United States
and Canada. Our increase has been
steady so far during 1922. We hail
$147,000,000 of sales last year.”
In line with the general reduction in
steamship rates, the Margan I.ine ami
the Mallory Line, which operate steam
ers from Galveston to New York and
New England ports, have announced a
reduction of 30 per cent in cotton
freight rates, effective July 1.
The financial community is more opti
mistic over th prospects for an early end
to the coal strike, and is looking for a
break in the miners' ranks. Reports from
the fields indicate that the non-union
fields are working under high pressure,
and that many miners in the union fields
ere dissatisfied with the length of the
strike and the failure of their leaders to
secure the promised settlement on
. June 15.
With the United Kingdom heavy buvers
of steel plates. British India leading in
demand for galvanized sheets, and Japan
buying black steel sheets the steed export
tonnage for April was nearly a third
more than that for the same month a year
ago. Total exports for the month
amounted to 147.033 tons, as compared
with 99.702 otns a year ago. However,
the value was only $17,559,081, as com
pared with $25,910,579.
E. L. Dohney. president of the Pan-
American Petroleum and Transport Com
pany and chairman of'“the board of di
rectors of Mexican Petroleum and member
of committee of oil executives conferring
with Senor De La Huerta, secretarv of
the treasury of Mexico, regarding the’ de
velopment of new oil areas in Mexico
stated that the discussion so far indicates
that the Mexican representative seemed
favorably disposed to grant guarantees
which American interests instist must be
obtained before they go ahead with any
new work.
Studebaker again was very active in a
market way and recent buying of the is
sue has apparently been based on expec
tations of a continuation of the present
strong d-rnand for the better part of the
year, with a possibility of an extra divi
dend at the July meeting. Studebaker's
second quarter should be the banner
period of the year as sales are expected to
total 35,000 cars. However, the company
will probably enter into the third quar
ter with unfilled orders for 20,000 cars,
which would give this period a total al
most as large as the current quarter.
Anew big too! and machinery com
bine has just been formed, to be known
as the Consolidated Machine Tool Cor
poration of American. This corporation
is capitalized at $30,000,000. and consists
of the following companies: Colburn
Machine Tool Company of Cleveland,
Hills & Jones Tool Company. Erie. I’a.;
Newton Machine and Toot Works. Phila
delphia; Betts Machine Company, Roches
ter. N. Y. No officers have been se
lected as yet, but it is expected that C.
K. Lassiter, recently vice president of the
American Locomotive Company, will le
president, and IV. H. Marshall, former
president of the American Locomotive
Company, chairman of the board of di
rectors.
Call money was renewed at 2% per
cent during the day. this being the low
est renewal rate since Oct. 11, 1917.
Copyright, 1922, by Public Ledger Com
pany.
N. F. Stock Exchange
(By Thomson & McKinnon)
—June 22
RAILROADS.
Prev.
High. Dow. Close. Close.
Atchison 98% 98% 98% 98%
At. Coast L.. .104 13 104 103
B. and 0 491* 40% 49% 47%
Can. Pac 138% 138 138% 137%
C. and 0 00% 64% 80% 04%
C. A N. W. R. <4% 73% 73'a 73%
C-, R. I. &P. .42% 39% 42% 40%
Del. & Lack. ..125 1-3% 125 123%
Kri* 15% 14% 15% 15
Erie Ist pfd... 23 21% 23 22%
Gt. North, pfd.. 80% 79% 80 79%
111. Central 103% 103% 103% 104
Kansas City S. . 24% 23% 24 23%
Lehigh Valley . 03% 62% 63% 62%
L. and N lIS 117% 118
Mo. Pacific 21 20% 21 20%
Mo. Pac. pfd. . 53% 52 53% 53%
N. Y. Central . 92% 90 92% 90
-X. Y.. N. H AH. 29% 28 29 % 28%
Northern Pac. . 76% 75% 70 76%
Nor. A West. .106 105% 106 105%
Pennsylvania .. 41% 41% 41% 41%
Heading 73% 72% 73% 73%
80. Ry 23% 22% 23% 23
So. Pacific ... 89% 88% 89% 88%
St. Paul 26 25 20 25%
St. Paul pfd. . 41% 39% 41% 39%
St. L. AS.W. .27 20% 27 20%
St.L.AS.W. pfd. 43% 43 43 43
StL.AS. Fe Ry. 27 26 27 26
Texas A Pac. .27 26% 27 26%
Union Pacific .137% 136 137% 136
Wabash 12% 12% 12% 11%
Wabash pfd. ... 29% 28% 29% 28.%
West. Pacific . 19% 19 19% 19%
RUBBERS.
Fisk Rubber.... 15% 15% 15% 16
Goodrich Rub.. 38% 38% 38% 39
Keily-Spng 46% 45% 46% 47
Key. T. AR. Cos. 15% 15% 15% 15%
U. S. Rubber... 62 Oo 61% 61%
EQUIPMENTS.
Am. Loco 113 112% 112% 112%
Baldwin Loco.. .114% 112% 112% 113
Gen. Electric 105 165 165 105
Lima Loco 100% 100% 109% 109%
Puilman 120 119% 120 120
Ry. Steel Spng..lo2 10! 102
West. Electric.. 39% 59 50 % 30%
STEELS.
Bethlehem “B". 70% 73% 75% 73%
Colo. Fuel 30% 30% 30% .....
• Tncible 73% 71 72 71%
Gulf States 80% 77 78% 78%
Lackawanna ... 74 73 74 74
Midvale 33% 53 33 32%
Penna Seaboard 10 9% 10 10%
Replogle 32 31% 31% 31%
Rep. I. A S 72% 70 70% 70
Sloss Sheffield. 4+ 44 44 44
U. S. Steel 99% 98% 99% 99%
U. S. Steel pfd. 120% 119% 119% 119%
Vanadium 46 44% 45% 45%
MOTORS.
Chandler Motors 72 68% 09% 72%
Gen. Motors K% 14 14 14
Hupp Motors... 19% 19% 19% 20%
Max. Motors A. 00% OO 06 60
Max. Motors (B) 23% 23% 23% 23
Martin Perry... 31% 30% 30% 31%
Pierce-Arrow .. 19% 19 19 19
Studebaker 130% 127% 128% 127%
Strom b*rg 45% 47% 48% 47 u.
Stewart-Warner. 42% 42% 42% 42%
Willys-Overland 8% 8% 8% 8%
White Motors .. 48% 48% 48%
MIXINGS.
Butte C. and Z. 674 0% 6% 7%
Butte Superior.. 27% 27% 27% 2S
Dome Mines 29% 29% 20% 29%
Int. Nickel 10% 16% 10% 16%
Tex. G. and Sul. 48% 4774 47% 48
COPPERS.
Am. Smelting .. 60% 50% 59% 00
Anaconda 51% 50% 51% 51%
Chile Copper .. 21% 20% 21% 20%
Inspiration 39% 39% 29% 39%
Kennescott 34% 32% 33% 33%
Utah Copper.... 63 62 % 62% 03
U. S. Smelting. 40% 46% 40% 41%
OILS.
Cal. Pet 60% 63% 63% 63%
Cosden 4874 4774 48 47%
Houston Oil .... 77% 70 70% 78%
Invincible Oil .. 10 15% 15% 10 *
Mex. Petrol 186 171% 18374 175
Mid. States Oil.. 1474 13% 14 14
Okln. Pro 3% 3% 3% 3%
l’an-Am. Petrol. 77 73 77 7,3%
Pacific Oil 59 57% 58% 58%
Pierce Oil 8% 8 8 8%
Uro. and Ref. ... 43% 42 43% 42V,
Pure Oil 31% 30% 31 31%
Royal Dutch ... 60 58% 59% 59%
Stand. Oil <>f C.. 107 105 1117 US'.',
S Oil of N. J.ISS 185 185 186
Sinclair 3474 33% 33% 33%
Texas Cos 48% 47% 47% 4774
Texas C and Oil 4.8% 47% 47% 27%
Trans-Cont Oil. 15% 14% 14% 15%
Union Oil 21% 2074 2074 21%
INDUSTRIALS.
Allied Chem— 68% €7% 68 68%
Advance Rum . 1774 17% 17% 16%
Aliis-Chalmers .60 49 49% 49
Amer. Can 46% 46% 46% 40%
Am II and L.. 14 14 14 ...
Am HAL pfd 69 0774 07% 09
Am Linseed ... 34% 34 34 3474
Am. Woolen ... 95 8974 8974 89%
C Leather 37% 37% 37% 3.8%
Cocoa-Cola 67 6574 6674 66%
Comp A Tab... 65% 64'4 65% 65%
Cont. Can 68% 67% 6874 67
End-Johnson .. 78% 78% 7874 79%
F Players 80 79% 80 79%
G Asphalt 64% 62% 63% 63%
Inter Paper ... 47 4674 40% 47%
Loews 14% 14% 1474 14%
Mont A Ward. 21 21 21 21%
Nat. Enamel.... 49% 46% 4674 49
Owen Bottle ... 36 35 35 36
Pittsburgh Coal 63 62 % 6274 63%
Sears-Roe 75% 74% 74% 75'
United Drug.... 66% 657* 65% ...
U S R Stores.. 66 65% 65% 65%
U S C I Pipe 29% 29 29 29%
U. S. Ind. Alco. 57% 54 56% 55%
Worth. Pump 4914
YVoolworth ....163 162 162 162
UTILITIES.
-Cm. Tel. A Tel 120% 120 120 120%
Brk. Rap. Tran. 24% 24 24% 24%
Consol. Gas 117 115 116% 117
Columbia Gas.. 88% 85% 8,874 85%
People's Gas 83
Western Union. 9874 98% 98% 99
SHIPPING.
Amer. Int. Corp. 43% 427* 43% 42%
Am. Ship. A Cos. 19% 17% 19% 18%
Atlantic Gulf... 37 35% 56% 3774
lilt. Merch. Mar. 2074 18% 20% 18%
Int. Me. Ma. pf. 75% 72% 75% 73
United Fruit 137 136% 136% 13774
FOODS.
Amer. Sugar... 71% 78% 72% 78
Am. Beet Sugar. 45 45 45 45
Austin Nichols. 27% 26% 26% 27%
Am. Cotton Oil. 25% 25% *25% 26
Corn Products.lo6 104 704% 10374
Cuba Cane Sug. 17% 16% 16% 16%
Cuban-Ain. Sug.. 20% 23% 24 24
Wilson A C 0... 39% 3874 3974 39
TOBACCOS.
Amerirnn-Sum. 39 3.8 39 39
Am. Tobacco... 14074 140% 140% 14074
Tobacco Prod.. 8274 81 81 81%
MISCELLANEOUS STOCKS.
Alaska Juneau. 174 1% 174 1
Amer. Radiator 94% 94% 94% 95
Tenn, Copper 10% 10% 1074 lof%
N. Y. Dock 89% 3874 39% 3,8%
Davison Chem. 46% 43% 45 47
Elec. Stor. Bat. 427* 42 * 42 4174
Cullnhan 8% 874 874 8%
K. J. Reynolds. 467, 45% 46V* 45%
Pere Marquette. 30% 2974 30% 2974
STANDARD OIL OF INDIANA.
Sales for day, 36,400 shares.
Open. 108; high. 10874; low, 106%;
close, 107.
NEW YORK LIBERTY BONDS.
—June 22
Prev.
High. Low. Close, close.
Liberty 374s 100 18 100.12 100.12 100.12
Liberty Ist 4s 100.20
Liberty 2d 4s 100.06 100.00 100.00 99.90
Liberty Ist 47*5.100.28 100.20 100.20 11)0 16
Liberty 2d 4745.100.08 100.02 160.08 1'K).04
Liberty 3J 4% 8 100.18 100.92 100.06 100.06
Liberty 4th 4%5.100.20 100.10 100.16 100.10
Victory 4%s ... .107X70 100.60 100.64 100.60
RAILROAD ISSUES
DEVELOP ACTIVITY
General Tone Is Strong During
Final Trading.
NEW Y'ORK, June 22.—The market
closed strong today.
Many of the railroad stocks became ac
tive and strong in the last hour.
Baltimore & Ohio rose 2% points on
large dealings to above 49, while Itoek
Island rose 2 points to 42%.
United States Steel rose over 1 point
to 99%, and Baldwin Locomotive rose 2
points to 114%, followed by a sharp re
action to 11278-
Mexican Petroleum, after falling to
179, again came hack to 185.
Government bonds were unchanged and
railway and others strong.
Stock sales for the day wore 886,700
shares; bonds sales, $11,733,000.
(By Thomson A McKinnon.)
—June 22
There was an entire absence of
uniformity in today's business on the
stock exchange.
During the first few minutes of the
session there was a fairly good demand
for a considerable variety of stocks. This
was soon followed by a rather unin
teresting period, with prices changes very
irregular.
Several issues were distinctly weak.
Including in the list were Mexican Pe
troleu mand Chandler Motor.
The market later began to show some
signs of dullness, but as midday was
approached a fairly good demand de
mand developed for railroad issues and
this helped to steady the general list.
Then followed another violent upward
movement in Mexican Petroleum, with
every evidence of urgent short covering.
The eompanys statement, while making
a very brilliant showing, could not have
been the cause of today’s rise, because
the earlv dealings gave no indication
of investment demand and the sub
sequent violent advance la certainly not
the kind of a market that attracts in
vestors. The only conclusion permissible
Is that the outstanding short interest
has not been eliminated.
Upon this depends the stability of the
entire market. This issue still possesses
everv element calculated to disturb and
upset the entire list, and for the present
we anticipate an irregular market.
TWENTY STOCKS AVERAGE.
NEW YORK. June 22.—Twenty indus
trial stocks Wednesday averaged 93 "2, off
49 per rent. Twenty active rails aver
aged 82.62, off ,23 per cent.
CLEARING HOUSE STATEMENT.
NEW YORK, June 22.— Exchanges,
$755,200,000: balances, $77,700,000; Federal
Reserve Bank credits balance, $59,900,000.
Money and Exchange
Indianapolis bank clearings Thursday
were $2,5*1,000: bank debits, $5,107,000.
NEW YORK, .Tune 22.—Demand Ster
ling was quoted at $4.42% on the for
eign exchange market today. Franc ca
bles were 861%e; checks, B.Ole. Lire
rabies were 4.85%c; checks, 4.85 c. Bel
gian cables were 8.16 c; checks, 81574 c.
Guilder cables were 38.60; checks, 38.55 c.
Marks were ,0030%e. Sweden kronen
cables were 25 70c; checks, 25 65c
Norway kronen rabies were 16.77 c;
checks. 16.72 c, Denmark kronen cables
were 21.40 c; checks, 21.35 c.
NEYY YORK CALL MONEY.
NEW YORK, June 22—Money—Call
money ruled 3 per cent; high. 3 p u r cent;
low, 2% per cent. Time rates, 474 Per
cent. Prime mercantile paper, quiet. Ster
ling Exchange was steady, with business
In bankers' bills at $4.41% for demand.
MOTOR SECURITIES,
(By Thomson A McKinnon.)
—Juno 22
—Closing-
Bid. Ask.
Earl Motors 3% 4
Packard com 14% 15
Packard pfd B*l% 88
Peerless 47 49
Continental Motors com 7% 7%
Continental Motors pfd 87 09
llupp coin 19% 207*
Hupp pfd. 105 ....
Reo Motor Car 24 24%
Elgin Motors 2 2%
Ford of Canada 380 390
Federal Truck 15 17
I’alge Motors 23% 24
Republic Truck 11 11%..
ACTIVE OIL STOCKS.
(By Thomson A McKinnon)
—June 22 —
Bid. Ask.
Anglo-Am. Oil 2D% 20%
Atlantic Lobos 10% 11
Borne-Serymser 380 400
Buckeye Pipe LI e 91 93
Chesehrongh Mfg Cons 185 105
Cont. Oil, Colorndo 135 140
Cosden Oil & Gas 6 13
Crescent Pipe Line 35 38
Cumberland Pipe Lins 125 135
Elk Basin Pete 10% 10%
Eureka Pipe Line 90 05
Galena-Signal Oil, pfd 100 705
Gaiena-Hlgnal Oil, com 68 69
Illinois Pine Line 170 775
Indiana Pipe Line 90 03
Merritt Oil 10% 11
Midwest Oil 2 3
Midwest Itfg 200
National Transit 29
New York Trnuslt 168 173
Northern Pipe Line 100 105
Ohio Oil 293 303
Oklahomo P. A R 7% 9
Penn.-Mex 80 37
Prairie Oil and Gas 800 610
Prairie Pipe Line 257 262
Rapulpa Hefg 4% 4,%
Solar Refining .....800 BSd
Southern Pipe Line .......... 03 97
South Penn OH 220 230
S. YV. Penn Pipe Lines 61 04
Standard Oil Cos. of Ind 108% 109
Standard Oii Cos. of Kas 540 500
Standard Oil Cos, of Ky.... 94% 95%
Standard Oil Cos. ond N0b....183 195
Standard Oil Cos. of N. Y.... 430 437
Standard Oil Cos. of 0hi0....440 400
Swan & Finch 30 40
Vacnum OH 415 430
YVashingten Oil 23 28
NEYV YORK OI KB,
(By Thomson A McKinnon)
—June 22
- Closing—
Bid. Aak.
Acme racking 50 53
Curtis Aero, com 3% fi
Curtis Aero, pfd 23% 25
Boston A Montana 14 15
Boston A Montana Corp 75 77
Goldfield Con 0 8
Jumbo Extension 2 B
Kirby Oil 6% 7
Nlpissing 0% 6%
Standard Motors 4 5
Salt Creek 17% Ift
Tonopah Extension 1% 1%
Tonopnh Mining 1% 1%
United P K new 7% 8
U. S. Light and Heat 1% 1%
I u. s. Light and lleot pfd 1% 1%
Wrlght-M&rtin 2 0
Y'ukon Gold Mine Cos 90 100
Jerome 8% 3%
| New Cornelia 18 19
United Verde 27% 28
i Sequoyah 2 10
Omar Oil 8 3%
Rep. Tire 65 70
NEW YORK SUGARS.
NEYY' YORK, June 22. Raw sugars
were firm in trading on the market here
today, Cubas soiling at 4.73 c per pound,
duty paid, and Porto Ricos at 4.76 c per
pound, duty free, delivered. Refined
sugars were firmer also, fine granulated
selling at 6@6.20c and No. 1 soft at 5.75
@5.85c per pound.
NEYV YORK RICE.
NEW YORK. June 22.—Rice was rather
3uiet in trading on the market here to
ny, domestic selling at 3%@7%c per
pound.
NEW YORK COFFEE.
NEW YORK. June 22.—Coffee values
were steady in trading on the exchange
here today, opening options being un
changed to 2 points higher. Rio No. 7
on spot at 10%®10%c per pound.
NEYV YORK HIDES.
NEW YORK. June 29. —With trade
fair, hide prices were steady here today.
Native ste*-r hides were again quoted at
lS'dinc and branded steer hides at 18(gl4c
per pound.
NEYY YORK TURPENTINE.
NEYY' Y'ORK, June 22.—Turpentine
sold at $1.25 per gallon in trading on
the market here today.
INDIANA DAILY TIMES
MONEY
WASHINGTON, June 22.—A reduc
tion of one-half per cent in the redis
count rate by the Federal Reserve
Bank of New York will be followed by
reductions in other- reserve banks
throughout the country it was learned
officially today.
Weather
The following table shows the state of
the weather at 7 a. m. June 22, as ob
served by U. S. Weather Bureaus:
Station Bar. Temp. Weather
Indianapolis, Ind... 30.16 63 dear
Amarilio, Tex 30.04 62 PtCldy
Bismarck, N. D 29.70 70 Clear
Boston. Mass 29.66 64 Clear
Chicago, 111 30.26 66 Clear
Cincinnati, 0 30.14 66 Clear
Cleveland, 0 30.12 60 Clear
Denver, Colo 29.86 70 Clear
Dodge City, Kas... 30.08 62 Clear
Helena, Mont 29.80 64 Clear
Jacksonville, Fla... 30.02 78 Clear
Kansas City, Mo 30.08 76 Clear
Louisville, Ky 30.12 68 Clear
Little Rock. Ark... 30.06 76 Clear
Los Angeles, Cal... 29.86 62 Clear
Mobile, Ala 30.04 74 Clear
New Orleans, La... 30.02 78 Clear
New York, N. Y 29.74 68 Clear
Norfolk, Va 29.92 72 Clear
Oklahoma City 30.06 74 Clear
Omaha, Neb 30.04 74 Clear
Philadelphia, ' Pa... 29.52 70 Clear
Pittsburgh, Pa. ... 30.02 60 Cloaidy
Portland, Ore 30.18 54 PtCldy
Rapid City, S. D 29.78 80 Clear
Roseburg, Ore 30.20 56 Cloudy
San Antonio, Tex.. 30.00 76 Clear
San Francisco, Cal.. 30.02 52 Cl >■
St. Louis, Mo 30.10 68 Cle ,r
St. Louis, Mo 30.10 68 Clear
St. Paul. Minn 30.08 62 PtCldy
Tampa, Fla 30.02 80 Clear
Washington, D. C... 29.8 68 Clear
WEATHER CONDITIONS.
Since YV(sinceday morning -hov r
have fallen on ports of the Gulf roost
and In the Atlantic States; elsewhere,
aside from a few scattered alio wets in
the northwest, the weather has beer fair
throughout the country. It is a -ittle
cooler from the middle and upper Mis
sissippi I alley to the Alleghenies, aid a
little warmer over much of the g.’<-at
plains. In connection with the western
depression through which is moving slow
ly eastward, readings over that region
are now considerably above the seasonal
normal and temperatures of DO degrees
and higher were reported there generally
Wednesday afternoon.
CORN AND WHEAT BULLETIN.
For the twenty-four hours ending at 7
a. m., Thursday, June 22, 1922:
Temper |
•tore. a—
-2 • rr
Station* of gl „ .
Indianapolis as :4V! s►,
District. II
South Bend 81 i 51 | 0 Good
Angola 70 50 i 0 Good
Ft. Wayne 86 i52 | 0
Wheatfield 80 47 ' 0 Good
Royal Center .. 82 150 | 0 Good
Marion 84 152 | 0 Good
Lafayette 68 '56 i 0 Good
Farmland \t 88 !49 ! 0 Good
'ndiiinapolls !88! 58 ; O 'Good
Cambridge City -| 87 |52 ! 0 1 Good
Terre Dilute . ...1 88 <lO 1 0'
Bloomington j92| 59 I 0 | Good
Columbus 1931 58 | 0 I Good
Vincennes i9l| 62 I 0 | Good
pnoll )84 64 0 1 Good
Evansville j9O! 66 i 0 |
J. II ARMINGTON,
Meteorologist, Weather Bureau,
In the Cotton Market
NEW YORK. June 22—Continued fa
vorable weather and crop advice* from
the South induced further selling at the
opening of the cotton market today by
New Orleans, Liverpool and the South in
general, under which first prices receded
4 to 13 xioints.
Spot houses and commission concerns
were the chief buyers.
The list continued to sag after the
start and dropped about 17 points under
the previous close on an increase of
Southern pressure.
New York opening cotton prices: July,
22.36 c; August, 22.65 c; October, 22 30c;
Decemlter, 22.20 c: Januarv, 22.07 c; March,
2195 c; May, 21.78 c.
The market was easy in the late deal
ings, closing at a net decllno of 6 to 15
points.
COTTON FUTURES.
Open. High. Low. Close.
January 22 07 22.17 21.00 22.08
March 21 95 22.06 21,80 21.02
May 21.78 21 S2 21.62 21 72
July 22.34 22.52 22.23 22 38
October 2.30 22.48 22.22 22 38
December 22.1.8 22.30 22.02 22.19
Local Stock Exchange
—June 22.
STOCKS.
. , Bid. Ask.
Ind. Ry. & Light com 67
Ind. Ity. A Light pfd 84
ludpls. St. Ry 46 55
Indpls. N. YV. pfd 49
Indpls. At S. E. pfd 60
T. H.. T. A L. pfa 75
T. H. I. 4 E. com 1 ...
T. H„ I. A E pfd 2%
L. T. of ind. com ... 3
U. T. of Ind. Ist pfd 8 13
U. T. of Ind. 2d pfd 1 5
Advance-itumely pfd 46
Advance Rumely com 17% ...
Am. CeDtral Life 200
Am. Creosotlug pfd 94
Belt R. R. coin 60 .....
Belt It. It. pfd 50% ...
Century Bldg. Cos. pfd. .. 83% ...
Citizen* Gas Cos 20
City Service com 226 230
City Service Cos. pfij. ....... 67% (.9%
Dodge Mfg. pfd
Home Brewing 00
Ind. Hotel com 87% ...
Ind. Hotel Cos. pfd 99
Ind. Nat. Life Ins Cos 2
Ind. Title Guarantee 71
Ind Pipe Line* 80 .....
Indpls. Abattoir pfd 45
Indpls. Gas 45
indpls. Tel. pfd 00
indpls. Tel. com
Mer. Pub Util pfd fib
Nat. Motor Car Cos 5
Pub. Savings Ins. Cos. ... 8 ...
Kauh Fert. pfd 40
Standard Oil of Indiana ... 100% ...
Sterling Fire Insurance Cos. 7% ...
Van Camp Hwd. pfd 90 ...
Van Camp Prod. Ist pfd. ... 97 100
Van Camp Proo. 2d pfd
Vnndalla Coal Cos. com 1 4
Yumiaiia Coal Cos. pfd 7 12
Wabash Ry, pfd 27%
Wabash Ity. com 11% ...
BONDS.
Broad Ripple 5 62% ...
Citizens st R. R. rs 82% ...
Indian Creek Coal A Mines 6s ... 100
Ind. Coke A Gas 6s 86 90
Indpls. C. & S. 5 92
Indpls. & Martinsville 5s .. 60
Indpls. X North. 5s 45
Indpls. St. Ry. 4s 67% 72%
Indpls. & N. W. 5s 5.3% 58%
ludpls. A S. E. 5s 40
Indpls. Shelby A S. E. 5s . 65
T H., I. A E. 5s 64%
Citizens Gas 5s 85 88
Indpls. Gas 5s 86
Kokomo M. A YV. 6s 88% 91%
Ind. Hotel Cos. 6s 99%
Indpls. Water 5s 06 100
Indpls. Water 4%s 81
Indpls. T. A T. 6s 82% 85
Indpls. L. &H. 5s 91% 94
U. T. of Ind. 6s 59 62
Mer. 11. A L. 5s 09% ...
New Tel. L. D. 5s 07
New Tel. Ist 6s 97 ...
South. Ind. Power 6s 86% 91%
NEYV YORK WOOL.
NEW Y'ORK, June 22.—W00l prices
were about steady in trading on the
market hero today, with trading rather
quiet. Prices of the last week were well
maintained, domestic fleece, XX Ohio,
selling at 38@50c per lb ; domestic pulled,
scoured basis, at 00c@$l and Texas do
destic, scoured basis, at 05c(g;$l 20.
NEW YORK PETROLEUM.
NEYY’ Y'ORK, June 22. —Petroleum
prices were flr.n in t.-ade on the market
here today, Pennsylvania crude petroleum
selling at $3.50 per barrel.
GRAINS SUSTAIN
LATE ADVANCES
Unfavorable Weather Reports
Chief Market Factors.
CHICAGO, June 22.—A1l grains closed
higher on the Chicago Board of Trade
today.
Continued hot and dry weather in the
grain belt with repeated reports of heavy
damage to crops were main factors in
the day’s advances.
The regions hit hardest by the draught
are South Dakota, western Canada, east
ern lowa, Illinois and parts of Indiana.
Provisions were lower.
July wheat opened up %e at $1.13%,
and closed up %. September wheat
opened up %c at $1.13%. and closed up
l%e. December wheat opened off %c at
$1.16%, and closed up le.
July corn opened off %c at 62%c, and
closed up %c. September corn opened
off %c at 66%c and closed up %c. De
cember corn opened off %C at 66%c, and
closed up %c.
July oats opened up %c at 35%c, and
closed up %c. September oats opened
up %e at 38%e and closed up ,0 1*
eember oats opened up %c at 40%c, and
closed up %c.
(By Thomson & McKinnon.)
—June 22
Wheat—Sales speak of a better de
mand for nearby parcels in both United
Kingdom and the Continent. All Aus
tralian wheat afloat is said to have been
taken by the Continent. In southwestern
markets receipts of old wheat are lessen
ing and the new crop is not offered in
volume. It Is also a fact that the de
mand for current receipts Is better at
higher prices. As yet there have been no
complaints from spring wheat territory,
but it Is known that rains will soon Le
wanted. It is not our province to attempt
to forecast the weather, but unless there
ara good rains in the Northwest nud in
Canada the market probably will be
easily Influenced. Since the commence
ment of spring growth the crop news,
as a whole, has been of the most flatter
ing sort. In addition to this, the do
mestic milling and the foreign export
demand has been particularly slow. It
is natural to believe that the long con
tinuation of the conditions brought about
their over-exploitation in values, so that
in the event of any improvement in the
foreign deninnd or unfavorable turn tn
the crop news, values should be quite
ensive. It is essentially a weather
mardket.
Corn and Oats —Unfavorable news from
the oats crop has been received from
many sources, and the market is be
ginning to pay more attention to them,
although trade Is not yet as broad as
It will be. Possibility' of extended
drought, over the corn belt has been the
motive in the day s market. There is
some reason for taking this condition
tnto account, because prices have been
under the domination of favorable news
and slow demand for so long a time.
Illinois and lowa points again sold cash
corn in a large way, but the cash mar
ket continues relatively' strong. There
is no increase in country selling of oats
,aud on the contrary, there is a demand
from that source. Data arc not likely to
display any weakness, as there la not
much probability of any great Improve
ment in the condition of the crop, but
corn will be sentitlve to weather condi
tions.
Provisions—An' easy tone 1n the hog
market brought a little selling in July
lard, but there was no particular volume
of trade, strength in corn teeing a coun
ter influence.
CHICAGO GRAIN TABLE.
—J une 22
WHEAT— Open. High. Low. Close.
July 1.13% 1 1.7 1.12% 1.13%
Sept 1 18“* 1.15% 1 13% 1.14%
Dec 1.13% 1.18% 1.16% 1.17%
CORN—
July 62% .63% .62% .63%
Sept 66% .07% .<'■s'% .07%
Dec .66% .67% .66 .67%
OATS—
July 35% .36% .35% .36%
Sept 38 .39% .88% .37%
Dec 40% .41% .40% .41%
LARD—
July 1150 11 57 11 45 11 47
Sept.... 11.80 11.87 11.75 11.77
RIBS—
•JuIy 12 40
Sept 12.30 12.30 12.25 12 25
RYE -
July.... .87 ..89 .87 .87%
Sept 87% .89 >7% .87%
Dec 80% .90% .89% .IK)
•Nominal.
CHICAGO CASH GRAIN.
CHICAGO, .7 one 22,—Wheat—No. 3
hard winter, $1.13%; No. 3 northern
spring, dark. $1.20%. Corn —No. 2 mixed.
36£3%c ; No. 2 white, 3%<S(rt4%c: No. 2
yellow, *13%@64%C; No. 5 mixed, 62%c;
No. 3 white, 63c; No. 3 yellow, 62%(<{630;
No, 4 mixed, 62c; No. 4 white, 61 %c: No.
4 yellow, 61 %%02%c. Oats—No 2 white,
38%40%c ; No 3 white, 35%@35%c; No.
4 white, 34%@36c.
TOLEDO SEED AND GRAIN.
TOLEDO, June 22.—Cloverseed —Cash,
sl3: October, $11.02%; December. sll
Alsike —Cash. $11.75; August, $12.05; Oc
tober, $11.50. Timothy—sash, $2.65;
September, $3.20; October, $3.05. Wheat -
sash. sl.lßui-19; June. $1.18; July. $1.16;
September, $1.17. Corn —Cash, 417% at
68%c. Oats—Cash, 41@43c. Rye—Cash.
88c. Barley—Cash, 65c.
PRIMARY MARKETS.
(By Thomson & McKinnon.)
—June 22
—RECEIPTS—
Wheat. Corn, Oats.
St. Joseph... 4,000 20,000
Chicago 44,0tK) 302,000 240.000
Milwaukee .3,000 22,000 11,000
Minneapolis... 228,000 19,000 20,000
Duluth 215,000 48,000 2,000
St. Louis 38 000 49.1)00 78,000
Toledo 3.000 8,000 4,000
Detroit 3,000 2.0000 10,000
Kansas City 159.000 34,000 3.000
Omaha 22,000 16.000 24,000
Indianapolis., 14,000 43,0000 16,000
Totals .... 733,000 013,000 414.000
Year ago.. .1,157.000 938,000 595,000
—SHIPMENTS—
Wheat. Corn. Oats.
St. Joseph... 7,000 8,000
Chicago 35,000 35,000 596.000
Milwaukee .. 4,000 12,000 21,000
Minneapolis.. 132.000 15,000 77,000
Duluth 820,000 320,000
St. Louis 40,000 02.000 76,000
Toledo 5,000 4.IKK)
Kansas City. 128,000 16,000 7.000
Omaha 11,000 96,000 72.1K.K)
Indianapolis. 15,000 20,000
Totals 682.000 585.000 57.3.000
Year ago... 086.000 304,000 382,000
—CLEARANCES—
YVheut. Corn. Oats.
New York 4,000 100,000 388,000
Philadelphia.. 22,000 20,000 8,000
Baltimore 201,000 141,000
Totals 26,000 321.000 537,000
Y’ear ago... 010,000 43,000
INDIANAPOLIS CASH GRAIN.
—June 22
Bids for car lots of grain and hay at
the call of the Indianapolis Board of
Trade were:
Wheat—Steady; No. 2 red, $1.09071.11.
Corn —Firm; No. 3 white, 33%@56%e;
No. 4 white, 54%@50%c; No. 3 yellow,
54%<g55%c: No. 4 yellow. 53%w54%e;
No. 8 mixed, 54(<J55c; No. 4 mixed, 53<@
54c.
Oats —Firm; No. 2 white, 34(<£35e; No.
3 white. 33(?i;340.
Hay—Weak; No. 1 timothy. $18(01850;
No. 2 timothy, $17.50@18; No. 1 light
clover mixed, $17@17.50; No. .1 clover,
$14.50<2K).
—lnspections
Wheat—No. 3 red, 2 cars.
Corn —No. 3 white, S cars; No. 4 white,
2 cars; No. 5 white, 1 car; No. 2 yellow,
1 car; No. 3 yellow, 2 cars; No. 4 yel
low, 4 cars; No. 5 yellow, 2 cars; No. 6
yellow, 4 cars; sample yellow, 2 cars;
No. 5 mixed. 1 car; No. 6 mixed, 2 cars;
total, 29 cars.
Oats—No. 2 white, 1 car; No. 3 white.
6 cars; No. 4 white, 2 cars; total, 9
cars.
Hay—Packing hay, 1 car.
Total number of ears for day, 41.
Grain prices quoted f. 0. b., basis
41%c rate to New Y'ork.
HAY MARKET.
The following are the Indianapolis
prices for hay, by the wagon load, de
livered in Indianapolis:
Hay—Loose timothy, $18(220; mixed
hay, $18@19; baled bay. slß@l9.
Oats—New, per bushel. 42@45c.
Corn—Both old and new, per bushel,
634a 68c.
WAGON WHEAT PRICES.
Indianapolis flour mills and elevators
Saturday were paying $1.07 per bushel
2 red winter and according to test for
for No. 1 red winter wheat; $1.05 for No.
No. 2 red.
SWINE STEADY TO
5 CENTS LOWER
CatUe Values Rule Steady—
Veals Sharply Higher.
RANGE OF HOG PRICES.
Good Good Good
Juno Mixed. Heavy. Light.
15. $10.80010.85 $10.75 ® 10,80 $10.85®10.90
16. 10.80 10.66 & 10.80 10.80-<*lU *0
17 10,50®10.85 10.65 ® 10.80 10.56®10.90
19. 10.80®>10.85 10.70 ® 10.80 10.85010.90
20. 10.90® 11.00 10 86® 10.90 11.00@11.10
21. 10.95 @ 11.00 10 85@10.95 11.00@11.10
22. 10.90 @ll.OO 10.80@ 10.90 10.95 @ll.lO
YVlth receipts close to 7.500 and the de
mands of both snippers and packers
again good, swine prices were slow
steady to 5 cents lower in trading on
the local live stock exchange today.
Trading was again active, and prac
tically all of the receipts had been Bold
before the close of the early forenoon
hours.
There was a top of sll.lO on light, but
the bulk of that grade brought sll.
Mixed and mediums sold at $10.90(q,ll,
and heavies at $10.80<&1O.9O generally,
with a very few extreme heavies at
$1075. Pigs brought the price of the
loads, roughs $lO and down and stags
$8 50 and down.
The bulk of sales for the day ranged
at $10.1K)@11.
Cattle prices were steady generally,
with receipts around 1,000 and the de
mands of packers a little better than on
the market of the previous day.
There were a few good heifers that
brought $9%;9.10 and a similar number of
good to choice steers that brought s9'ai
9.25.
Veals were 50 cents to $1 higher, due
to light receipts, a brisk shipping de
mand fair to good quality and higher
prictii of eastern markets.
Receipts for the day ran close to 600.
Sheep and lamb values were again
steady. The demand was fair, the qual
ity fair to good and receipts around 400.
HOGS.
100 to 150 lbs average $10.95(311.10
Over 300 lbs 10.75i@10.55
150 to 300 lbs 10.75(^:11.10
Rest pigs, under 140 1b5.... IO.OOCtjII.OO
Top 11.10
Roughs 9.50(gl0.00
Stags 7.50(8 8.50
Bulk of sales 109o(8H-00
-Cattle-
Few choice steers 8.75@ 9 25
Prune corn fed steers, 1,000 to
1,300 lbs 7 6(43 8.35
Good to choice steers, 1,200
to 1,300 lbs 7.353 7.60
Good to choice steers, 1,100
to 1,200 lbs 7.153 7.35
Good to choice steers, 1,000
to 1,100 lbs 0.603 7.15
Common to medium steers, 800
to 1,000 lbs 6.153 6.00
—Cows and Heifers—
Few choice heifers 8.753 9.10
Good to choice heifers 7.853 8.35
Medium heifers 7.353 7.85
Common to medium heifers.. 6 003 7.25
Good to choice cows 5 853 6 35
Coaion to good cows 3.50@ 5.50
Conners 2.503 3.60
Cutters 2.253 3.25
—Bulls—
Fancy buteher bulls 5.253 5.50
Good to choice butcher bulls. 5.003 5.25
Bologna bulls 3.503 3.75
Light bologna bulls 3.003 3.25
Light common bulls 3.003 5.50
—Calves—
Choice veals 10.503110°
Good veals 10.00310.00
Medium veals 9.50310-°°
Fair to medium 9.003 9.50
Lightweight veals 8.003 0.0<)
Heavyweight veals 7.00@ 8.00
—.Stockers and Feeders—
Good to choice steers under
800 lbs 5.253 7.50
Medium cows 3.5<>3 3 75
Good cows 4 o**3 4.65
Good heifers 6.003 7.60
Medium to good heifers 4,503 5.75
Milch cows and springers.... 85.00385 00
—Sheep and lexmbs
Cull ewes 1.503 2.00
Good to choice ewes 2.003 4.50
Ruck* 2.iKy@ 3.50
Yearlings 6.ik>3 8.00
Springers 8.00@12.00
CulU 6.003 7.00
Other Livestock
CHICAGO, .Tun* 12.—Hogs—Receipts,
38.000; market 5® 10c lower; bulk of sales,
$9.85® 10.85; top, $10.85; heavies, $10.40
@10.6e; mediums. $10.55@10 85: lights.
slo.Bo® 10.83; light lights, $lO 40®10.8t);
packing sows, smooth. $980@10; pack
ing bows, rough, sß!*o@9.4*; pigs, $925®
10.50. t attle- Receipts, 10,000; market
string to 10c higher. Beef steers—Choice
and prime, sl>.4o@lo 10; good and choice.
$8.6t>@9.50; medium to good. $8@9.50:
common and in'dium. $0,90@8.60, Butcher
catle— Heifers. $5 50@8.40; cows, s4®
7.25; hulls. $4®0.25. t anners and cutter*
Cows and heifers, $2.75@4: canner
steers, 53."5@5; veal calves, light and
handy weight, $7.50448.73; feeder steers.
$5 05(37.65; Stocker steers.
stocker cows and heifers, $8.30@5.75.
Sheep and lambs —Receipts, 12.000; mar
ket strong to 15c higher: good to choice
lambs. $11.50® 18.25; culls and common
lambs. sf>.so®ll; yearling wethers. $8.25
@11.35; ewes $3@.75; cull and conimim
lambs. $1.50®3: breeding ewes, ss®
11.10; feeder lambs. $10.50®12.
CINCINNATI. June 22.—Hogs—Re
ceipts, 3,700; market, steady to 10c low
er; all grades good hogs. $11.05; pigs.
$10.73; roughs, $1): stags. $5.75. Cattle—
Receipts, 7oO; market, slow steady; bulls,
weak; calves, sll down. Sheep and lambs
—Receipts. 4,200; market, steady; ewes.
s3@s; choice lambs, $13.60; seconds, s7®
8; culls, s4®6.
CLEVELAND, June 22.—Hogs—Re
ceipts, 4,000; market 10c lower; yorkers
end pigs, $11.26; mixed and mediums,
$11.15; roughs, $8.50: stags, $5®5.50.
Hattie —Receipts, 200; market steady.
Sheep nnd iHinbs - Receipts. 200; market
50c higher; top, $15.60. Calves—Receipts,
350; market steady; top, sll.
SIOUX CITY, lowa. June 22. —Re-
ceipts. 9.000; market slow; lights, 10c
lower; heavies, 25®85c lower; runge of
prices. S.B 50® 10.30; bulk of sales, $0.25
® 10.25. Cattle—Receipts, 2,000; market
slow and weak to lower In spots; fed
steers. $7.50@5.20; grass steers, $0.75®
7.50; fed butchers, $5.25®7.50: grass
butche rs. $4®0.25; bulls. $3.50®. : stock
ers, $5®7.25; feeding cows and heifers,
$3.75® 0* Sheep and lambs —Receipt A
300; market steady generally.
EAST BUFFALO, June 22.—Hogs—Re
ceipts. 1,000; market slow; yorkers. $11.50
fit 11.00; pigs, $11.40®.U.50; mixed, $11.40®
11.50; heavies. $1t.25®11.40; roughs, sß®
0- stags. $5(86. Cattle—Receipts 150;
market, active: feeders. ss®o: shipping
steers, $8.50@985• butcher grades, $7.50®
8.75; heifers, so® 0.50; bu!K $3@5.25;
milch cows and springers. s2s® 130. Calves
—Receipts, 300; market, slow; cull to
choice. $3®13.75. Sheep nnd lambs—Re
ceipts GOO; market, slow; choice lambs,
$18®lil.50; cull to fair lambs. $8@12.75;
yearlings, s7® 11.50; sheep. $3@7.50.
PITTSBURGH, June 22.—Hogs—Re
eling, 2,500; market steady; prime heav
ies. $11.10®11.20; mediums, $11.50; heavy
yorkers, $11.50; light yorkers. $11.50;
pigs. $11.50 down; roughs, $S@9: stags,
ss®)s 50; heavy mixed, $11.25® 11.35. Cat
tle — Receipts, 50; market slow and steady.
Calves—Receipts light; market stendy;
choice veals, $10.50; heavy and thin
calves. so®B. Sheep and lambs—Receipts.
500; market steady; prime wethers, $0
@0.50: good mixed, $5@5.75; fair mixed,
$4@4.75; culls and common, sl@3; good
to choice lambs, $12@13.
EAST ST. LOUIS, June 22.—Hogs—Re
ceipts, 10,000; market, 10 to 15 cents
lower; mixed and butchers, $10.05®
10.80: good heavies, $10.05@10.75; roughs,
$1)@9.15; lights, $10.70®. 10.80: pigs, $10.25
@10.05; bulk of sales, $10.70® 10.80. Cattle
—Receipts. 4.500; market, slow steady;
native beef steers, $5.90@9.40; yearling
steers and heifers, SS.SO@9; cows, $3.30®
0.23; Stockers and feeders. $4.50@7.35;
calves. $3.50@9; ennners and cutters, $2.50
@3.25. Sheep nnd lambs—Receipts. 3.5(H);
market, steady; mutton ewes, s4@s; enn
ners and choppers, sl@2; springers, $11.30
@12.25.
INDIANAPOLIS PRODUCE.
Eggs—Fresh, 18@19c. Butter —Packing
stock, 17@18c. Poultry—Fowls, 16@21c;
leghorn fowls, 15c; broilers. I** to 2V4 lb
size. 36c; broilers under I*J lbs, 32c; leg
horn broilers at discount; cocks, 12c;
stags. 12c; young hen turks. 8 lbs and
up, 28c; old lom turks, 23c; young tom
turks. 12 lbs up, 2Sc; cull thin turkeys
not wanted; ducks, 4 Ihs and up. 15@l(fc;
geese, 10 lbs and up. 12c; squabs. 11 lbs
to dozen, $5@5.50; old guineas, per doz
en, $3.
Butter-Local dealers are paying 35®
36c per lb for butter delivered In Indi
anapolis.
Butterfat —Local dealers are paying 35cj
per lb for butterfat delivered lu lndl-1
anapolta.
Berlin in Throes of
Great Crime Wave
BERLIN, June 22.—The Berlin crime
wave was the highest since ten years in
April this year, according to the statistics
issued by the police headquarters.
There were 250 cases of street robbery
end forty cases of manslaughter.
Berlniers are planning to organize an
effective self-protection by means of
hired private detectives and by procuring
for themselves a permit to carry arms.
AUTO STRIKES
WHEEL, CAUSING
FATAL INJURY
Thomas Moore, 22, Victim of
Accident, in Hospital With
Fractured Skull.
Thomas Moore, 22. 46 Minkner street,
was perhaps fatally injured today when
an automobile driven by Tony Peraino,
2345 Massachusetts avenue, struck him.
Moore was riding a bicycle. The acci
dent occurred at YY'hite River drive and
West Tenth street. Moore's' skull was
fractured.
The accident resulted in the arrest of
Peraino and Orville Sydeustlcker, 15-13
Massachusetts avenue.
They placed Moore in the car and took
him to the city hospital, where they were
arrested on a charge of vagrancy pend
ing the outcome of Moore’s injuries.
YY’itnesses of the accident say the car
was on the wrong side of the street when
the accident occurred. Peraino denied
he was on the left side of the street. The
bonds o feach were fixed at $5,000.
GENERAL SAYS
NATIONS MUST
ABANDON WAR
Statement of Warrior Is Part
of Quakers’ Message to
World.
LONDON, June 22.—The choice of the
nations of the world is between disarma
ment or extermination.
This startling statement is made by
Major General Seeley, M. I’., former min
ister of war for Great Britain.
General Seeley, who has a gallant war
record s commander of Canadian forces
during the YVorld YY'ar, declared that
chemical knowledge has now reached such
a state of progress that extermination of
a nation is a comparatively easy matter.
It would now be an easy matter to blot
out a hundred thousand people by lethal
gas dropped from airplanes, the genera,
said.
General Seeley proposed that the na
tions of the world should meet and con
sider what military forces are necessary,
first, for internal order; second, for
colonial protection, and third, for safety
from invasion by neighaors. This last
Is the critical point. General Seeley said,
and he believes that if all nations were
to rationally discuss together the im
mensity of the bnrden of taxes incurred
by protecting themselves against each
other the nations would see the “horse
sense'' of the sitaution and set up pro
gressive disarmament for all.
General Seeley’s statements pre in
dorsed, by a coincidence, in the annual
message of the Quakers of Great Brit
ain, which hns been sent broadcast.
The annual epistle of the Quakers de
clares :
“Man’s boasted civilization will de
stroy him unless he takes the way of Mfe
in time. If, while mastering the forces
of nature, he makes personal advantage
the end and his brother men the means
to it, he oppresses them, frustrating
God’s will for peace.
“If, fearing to lose h!s goods, he turns
his Inventive skill to perfecting guns
and poison gases ho will assuredly perish.
“Christ our Lord is nailed to the cross
afresh whenever a man or a woman is
crushed or marred by war, by unem
ployment, by vice, by despair. He is
pierced with grief as we hug our com
forts, fearing to follow x-iiu in loving
unto death.’’
Islands ‘Discovered’
Known 120 Years Ago
WASHINGTON. June 22.—The exist
ence of the islands in the Pacific report
ed to have been discovered by an Ameri
can pleasure craft recently, and which
are said by the Navy hydroprapbic of
fice to be YY'ashlngton and Palmyra
Islands, was known more than a century
ago. according to the National Geographic
Society headquarters here.
ralmyra Island, which has no Inhabi
tants, was discovered 120 years ago by
the American ship Palmyra, while YVash
lngton Island, where slightly more thnn
a hundred persons reside, was found in
1798, the society asserts.
Four-Legged Chicken
Is Born at Victoria
VICTORIA, B. C., June 22—A quad
ruped chicken was included in a brood
which was hatched here by a hen owned
by Miss E. M. Smith.
All the legs are on the under side of
the body, and while all are well formed
the chick has a difficult time in ma
neuvering. In stopping to scratch, for
Instance, the hind legs come off the
ground, due to the absence of knees
In the forelegs.
The other chicks of the brood are
greatly puzzled at the freak and will
have nothing to do with it. v „
CHICAGO PRODUCE.
CHICAGO, June 22.—Butter—Receipts,
13,000 tubs: .creamery extras. 36c;
standards, 85%c; firsts, 31(&34c; packing
stock, 25@26c. Eggs—Receipts, 17.600
cases: current receipts, 20%(ff:21c: ordi
nary firsts, 20c; firsts, 21@21%c; extras,
23c; checks. 18@18%c; dirties. 19c. Live
poultry—Turkeys. 25c: chickens. 23%e;
broilers, 32@42c; roosters, 14c; geese, 12
<K25c; ducks, 20@23c.
CLEVELAND PRODUCE.
CLEVELAND, June 22. Butter-
Extras, 42@4'2%c; prints, 43!&'45%e;
firsts, 41@41 %c; packing stock, 20@22c.
Egg S —Fresh, 26c; Ohio firsts. 23c; YY’est
ern firsts. 21c. Live poultry—Fowls 24
(g)2oc; roosters, 15@16c; broilers. 30@
45c. Potatoes—Ordinary to good. $2.75
per 130-lb bag. Sweet potatoes—Good,
90c to $1 per crate; new, $4(5:5.10, per
barrel.
YY HOLES ALE BEEF PRICES.
The following are today’s wholesale
prices for beef cuts as sold on the In
dianapolis markets of Swift A Cos.:
Ribs—No. 2,17 c; No. 3, 13. Loins—
No. 2,10 c; No. 3,9 c. Plutes—No. 2,7 c;
No. 8,6 c.
"BLACK SAMBO.”
WORCESTER, England, June 22.—A
youth named YValter Brown entered a
home here by way of the chimney to
rob it. lie was caught red-handed, but
refuse t to give his name at first and
was looked as “Black Sambo” because
of she soot on him.
CITIZENS GAS st^nds
415 LEMCXE BUILDING
I BUY
AND
SELL
JUNE 22,1922.
RICH BROKER IS
SAID TO HAVE
KISSED TYPIST
Breaks From His Grasp and
Falls Fainting—Starts
Drive on Male Vamps.
CHICAGO, 111., June 22. The
arrest and identification of Wil
liam T. Pursell, a wealthy Chicago In-4
surance broker, 60 years old, as the man'
who seized Miss Irene Hoerger, 17, in his
arms and tried to assault her when she
applied in his office for a position as
stenographer, has started a wholesale
drive against the male “vampire,’’ a spe
cies of the genus homo said to be alto
gether too indifferent to the laws of Illi
nois.
Bess C. Sullivan, assist-ant State's at
torney, who has been intrusted with this
campaign, is preparing to confront the
broker with three other girls, all minors,
now in Chicago institutions, for having
been mistreated at a certain office in
downtown Chicago which the police were
never able to locate. If they identify
Fursell three serious charges will be
lodged against him in addition to the
charge of disorderly conduct which Miss
Hoerger has prefrered.
Because of the failing finances of her
.mother, a widow, Miss Hoerger was re?
cently obliged to quit high school to
seek a position. At an employment of
fice where she applied she was sent to a
detective agency which had appealed to
them for a stenographer. When she
stepped from the elevator and was about
to enter the agency’s office she says she
was accosted by an elderly man, who ad
vised her not to go in. On seeing her
determination to do so he asked her to
drop In his office, across the hall, on her
way out.
FINDS MAN
AWAITING HER.
On leaving the agency’s office, where
she was informed the typist Job had been
filled. Miss Hoerger found the elderly
man awaiting her. Thinking he had a
position 6he might fill, she accepted his
invitation to step inside. After
her numerous questions, which she be
lieved had some relation to employment
he suddenly asked;
“Have you a sweetheart?"
Atonished, the girl replied she had
none, and he asked her:
“How would you like to le my sweet
heart?”
“He offered me money, automboblles,
or anything I wanted,” said Mies Hoer
ger, in reporting the incident. “I started
to get up and he rushed to me, strug
gling in an attempt to kiss me. I forced
him away and as I started for the door he
grabbed me again, wrestling for some
minutes, still trying to kiss me. Then
he fell back suddenly.
“ 'My God!’ he said, 'what have I done?'
“He put a dollar bill in my hand and
told me to come back tomorrow. I don't
know why I didn’t faint. He seemed ag
itated and followed me to the elevator.
Then I ran to a downtown store, where
a friend of mine works.”
Before she could reach her friend she
fainted and was taken to a washroom.
YY'hile attendants attempted to revive her
the girl mumbled the story. It reached
the ears of James Vail, superintendent of
the store’s detective force, and he took
her to central station.
With Sergeants Nagel and Mallow, the
girl returned to the office building. Pur
■sell was sitting in the office alone Be
fore the detectives could identify them
selves or state their mission he ran to
the girl's side, pleading with her not to
cause his arrest.
She went over the entire story —***■
detectives while he listened. -1
finished he made a simple denial ami ,a:J
taken to the station.
“YVheu I rushed out,” said Miss Hoer-1
ger, “he said: ‘Here’s $3.50,’ and
a single bill Into my hand. It must have
dropped to the floor.”
Pursell said he had given the girl
some small change, a half-dollar, he
thought.
YY'hen the case was called in court Pur
sell failed to appear. The Judge de
clared his bond of S2OO forfeited and or
dered him brought in by a deputy.
FOR HOOKWORM
TAKE CLOTHES
CLEANING OIL
Carbon Tetra Chloride Is Said
to Be Good Remedy by Dr.
Maurice Hail.
WASHINGTON, June 22—Carbon tet
rachrolide, a chemical commonly used In
cleansing clothes, is a cure for hook
worm In human beings, according to
evidence which is being accumulated by
medical men In various parts of the
world. Reports from the Fiji Island
and Ceylon received by the Department
of Agriculture show practically 100 per
rent successes. Dr. Maurice C. Hall of
the department, who has experimented
extensively with the chemical, raid tOs
day.
In Rogambra prison in Kandy, Ceylon,
this carbon compound was tried with
marked success on fourteen persons. One
criminal, condemned to die, was given
a maximum dose of ten cubic
of the drug and fifty-five hookworms®
were removed, the patient showing
ill effects from the drug. He was eve
cuted twenty-two days later and a post
mortem examination revealed that all the
parasites had been removed.
Twelve thousand natives in the Fijis,
where hookworm is prevalent, have been
treated successfully, a single dose re
moving parasites from 90 per cent of
them.
These tests have convinced scientists
that carbon tetrachloride is vastly su
perior to the old remedies, thymol and
oil of ehenopodium. The second of these
has given rise to a number of fatalities
and thymol has caused the death of a
number of patients. Experiments by Dr.
Halt have shown him that a dog can be
given a dose of twenty fluid ounces
(nearly a half pint) of carbon tetra-i
ohlorid without evidence of injury to
the animal.
Government Plans
Livestock Bulletins
WASHINGTON, June 22.—The De
partment of Agriculture is contemplating
the {inauguration of a nation-wide live
stock reporting service to inform live
stock producers and buyers of pros
pective supplies, hoping thereby to
stabilize the livestock and meat industry
by permitting closer correlation of supply
and demand.
The plan, officials said, is still in the
making. Full detail® will be worked out
at Denver, Colorado, on July 17, at a con
ference of State and Federal officials and
representatives of the entire livestock and
meat Industry.
WILL DISCUSS BOULET.VRD. ■
The Pleasant Run Boulevard
tlon will hold a meeting Friday evening
in the auditorium of the McKinley public
school, State street and Lexington ave
nue, to discuss changes in the boulevard
proposed by the board of park commis
sioners.
Newton
Todd