Indianapolis News, Indianapolis, Marion County, 24 April 1920 — Page 23

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THE INDIANAPOLIS NEWS, SATURDAY, APP.IL 21, 1920.

SPIRITED RECOVERY IN ALL LEADING STOCKS

BETTER MEXICAN 8ITUATI0N8TUTZ C0NTR0VER8Y OVER.

New York Stock Price*

-April 24—

(By Thomson * McKinnon* Wjr«}

Rich. Low.

Open. 3*5

ADVANCES 2 TO 15 POINTS

Average Stock Prices

Alaska Gold . .

Alba-Chal. Mir ■ i Am. Beet Surer 93* Am. Car A rdry..l36Si Am. Cad 42* Am. Inter. Corp 01* Atlantic Golf . . 154 Am. H. A Leather 21* Am. H A L. pld .103* A in. Linseed ... 83 Am. Loco. .... 08% Am. Smelt)nr -.82* Am. Surar 131 * Am. Steel F 41* Am. T AT 95%

A m. T .

93* 135*

05* «1*

A m Woo l

Am. Dnur 9yn

u Z A L.

13% 16%

The average price of twenty Indua- ‘ Anaconda " 57 trial stocks Friday was S5.46. off LfiS 1 Am Bosch 112 per cent. The average price of twenty j Beth. Steel B

Loco. .

Butte A Sup

a.*, jr.r.Tv, ■/it t.iti, AITS.

tg« price of twenty, 8eth Si

active rails was 71.»5, off .74 per cent. | Baldwin

88% 113

31 * 13* 51 H

. m ^ better p understanding of tlie Mexicnr. sHua- .r * *1- p --

tion and the elimination of the Suit* *1- caQ* • • - ?V »

NEW YORK. April 24.—Stocks of S »»1* * Obj® - almost every class made spirited r«* ! 2r oo,l 2 n , V4 " T ' roveries during today* brief scasion. I Cnes. A Ohio... the rally resulting from « iC * n

tlon and the eKmination of the Stut* controversy as a disturbing element Advances of 2 to 15 «-- j

the rebound of motor

Cent Leather 78

15 points markedly- rVa A p P r «i £ tor oil. steel eun j $£ | LAP * 71

Chtno Copper Chile Copoer

equipment issues

Textile and Leather ahares, to

gather with kindred specialties made j Cense!. Gas® less extensive gains. Rails ami ship- chand. Motors pings teplaced early losses with mod-iCoi, F A I. erate advances. Realizing for profits | Ou Steel .. reduced some gains later. The elos-lCorn Prod

33% 16% 83 % .146%

240 06 H

T^ng^as strong. Sales approximated j CMb*^C*n* *m;*r 52%

38% 96%

02* 156 63%

62*

42 41% 41%

ssS

80% 88* 68% 110% 117 110 14 13% 13* 16% 67% 57 57* 87% 86% 88% 115* 112* 112% 31% 30% 30% 13* 13* 13* 51 117 33% 33% 33% 50% 50 * 50* 78* 76% 76* 32* 31 31%

33* 16% 83% 84% 146% 140*

235 % 236* 08 98* 52 52

Close <

1% !

38% ’ 05 j 136 : WET 41% Wt, 01% I

153%

21% I

103

83%

61%

RYE AT HIGHEST PRICE IHOGS SHOW LOSS OF AND THIS HELPS CORN $2.50 FROM RECENT TOP

WEATHER HAS ALSO liPYmng influence.

UP- CATTLE ARE DOWN $1.50— CALVES DROP S3 IN 3 DAYS.

PACKERS BUY PROVISIONS RECEIPTS GETTING LARGER

no quotable change made

[10 00

there was in prices.

Sheep and Lambs.

Good to choice sheep 0 00 Common to medium sheep . . 5 00 Western fed lambs 19 00 Good to choice lambs 18 00 Common to medium lambs . 12 00

Back*, per IOO lbs 7 00v s m . Sb®™ stock valued about 32.00 a bun

dred lbs. lower than wool stock.

8 00

21 00 19 00 16 00

8 00

241

99* 53%

shares.

ftovenasMpt Beads in New Verk. I By Thomson A MHKtimon's Wire!

—April 24—

ks:

V. § 3s ftfiflt, reft stared . 1.91 r 8. 3s 110301, 00,1pm. .101 r. 8. 3s (1947* neftstered . 82 II. |. 3s 119471 coupon. 82 IT. 8. 4s IlfitAi. registered. 106 V. 8. 4i 119251, emuMNi..., 106 Panama (1036*. rsststsrad. 101 Manama il»3«i, coupon HU Panama <10361, registered . 101 Panama tl.038t. ennpea. ... 101

Ask. 102 102

107 107

Chicago Stocks. (By Thomson A McKinnon • Wire!

-April 24-

Carb. A Dlsmond

Libby ... . gears Roeh figw.-Warner 8wift A Co.. Owtft Intern Armour pf<1 Si/itts’

c ass.,^* .a^iss: Jsn

11$ ■

23%

220

115%

33%

23% 28 220* 220 " 43%

115%

,n«

wHm

97% 12%

30 ■

12* 33%

"S* -rJ

117

Col. Gas

V. 8. Food Prod. 67 * 67 % 66

Eric ...... 12 * P>»c let pM 19

Gwuwsl Motors 287 200 287

General Electnc. .150* .... Goodrich ....... 65% 6.8% Gt. Northern Ore 35 % 36 Gt Northern pfd. 74* 74* Gulf 3. Magi.... 61 Harvester New.. .127 120 Pierce Chi 16% 16% Inter Paper 74 74% Int Nickel ctf . 20* Inspiration Cop. 53% ... lioval Dutch. .112% 113% Keystone Tire... 38 * 38% Kennenott Cop . 28* 28* JSTSa i,* Lseka Steel 83% 86 Lehigh Vsltsy. .42 .... Ms*well Motor*. 28 28

com 01 * P4 * 168 171

mI'm'Tm 87

Ohio Gm

66 ' 12%

298%

65* 65%

35* 73%

112%

33* 28% 17% 82* if* 01 *

166%

127

16% 75%

CHICAOO. April 24.—Weakness which manifested Itself in the corn

market today appeared to be due 1 more to lack of buying than to any! special urgency to sell. Railway traf- 1 fic embarrassments together with dif- ■ ficulties in erodits put bulls at a dla-i advantage. On the other hand, fore- * «M»cst«d. casts of wet weather tended some-j-. - . what to rmriy the market. Opening ^

Receipts of Live Stock

Chicago Live Stock.

CHICAGO. April 34.—fU. 8 bureau of markets report*: Cattle—Receipts 3.000. mostly steady; beef steers $1.00® 12.20; calf trade in a big SI decline, mostly $13.00. 7 0, 5?*r sd wilh * m *c«k ago; Beef steers most- : JF 31.00® 1.50 lower: butcher stock. 50c® j $1.00 lower; c*niters and cutters. 25®50c ( •° w , er: calves. $2.50 lower: feeders, uneven

j hr lower.

Hogs—Receipts. 18.000; opened weak to

$10.60; throwouts $10.00 down. CattleReceipts. 169; steers. $7.50®11.00: bulls. *7.60« 0.50; heifers, $7.50® 10.00; cow*. *5.00fi 9.00. Calves—Receipts. 605; no definite trade. Sheep and lambs—Receipts. 74: beet fall lambs. *17.00® 18.00; lighter. *13.06® 14.00: best sheep. *10.00: spring lambs '*20.00. Eggs—38c Ducks—22c.

Eggs—38c

3.500: steady: heavies, packers and butchers

stags.

Hogs—Receipts. *14.60® 15.00 $15.50C 16.00

light

pigs. $10.00® 16.76, stags. *7.00®8.60. Csttle—Receipts. 800; weak; steers, *7.00® 18.50: heifers. $6.00® 18.50; cows. *5.00® 10.00. Calves—Steady; *6.00® 16.00. Sheep—Receipts. 25: steady: *4.00® 13.00.

Lambs—Steady; *12.00® 20.00.

CLEVELAND. April 24.—Hogs—Receipts. 1.500; market 15c to 35c lower; Yorkers. $16.00; mixed, *16.00; medium. *15.00: pigs, *15.50; roughs. *13.00; stags. *10.00. Cattle—Receipts, 200; market, slow. Sheep and lambs—Receipts. 1.500: market, steady;

prices which ranged from %c to l%c s&ine^igfg

lo —*** —* * “*

July $!.»(

moderate general upturns.

lower, with 3tay |1.64 %

$1.$«% 9o fi.57 were followed byjTotal

to $1.65. and

Later the nmrlcet derived additional strength from Ute fact that owing to export demand rye was commanding the highest price yet this season. Closing quotations were firm at 1 %-c to 2%e net advwnce. with May $1.67* @1-6. % and July $1.«[email protected]*. Oats were comparatively firm owing to predictions of rain likely to cause further d<£ay to seeding. After opening %c to 1c off, including July at 84%c to S5c. the market scored

gains all around.

Packers' buying gave strength to provisions. Offerings were light. Reports that Germany had obtained $45,000,000 credit from an American packing firm helped further to

strengthen values.

Hogs 6 000 3 375 4.800

308 124

* aevT-' itysvCs % BE 2 : sheep, steady.

28 1

[ bulk. 250 pounds up *13.35 j ’

Following is a statement of receipts at the ! C 14.35: good many held off the market at

~ tire stock market for periods | ow “ers request ; pigs steady.

i Sheep—Receipts. 2.000 j no trading. Com- i

Cattle. Calves. Sheep. P» re Q with a week ago: Wook- Iambs. 25® 700 900 50 i 30c lower; shorn lambs. 25®50c higher;

725 ““ ‘ ' *

535

Receipts and Distribution of Live Stock at Indianapolis

this wk. 44.090 * 151 5.779

Total

last wk. Same wk. 1019 ...

11.323 3.088 1.350

45.581 7,588 3.035

420 59

283

Mo. to date 112.270 Same. 1019 165.110

22.641 13.339 24.780 11.180

( By Thomson A Me K anon’s Wire 1

—April 24— R V x E—Open

1 00%

2 00

20% j July 1 91% 58 l 91*

113 * i CORN— 33* i May 1 65

.?** | , ,

i July

2 05

LOW.

1 99*

* jMkirsle Steel

88%

40 25 46

39%

116 17%

82% 29*

198 34* ?s2

1 64%

1 67

l 56% 1 51%

1 51

OATS—

May July

1 97% 1 01% 1 67% 1 64% 1 60* 1 56% 1 54% 1 51

Close. 2 05

2 04% 1 P7*

i*,7 % 67* 60* 60 54% 54*

20% go * 19%

07% Hi

INDIANAPOLIS CLEARINGS.

Clearing* Clearing*

April 24. 1920 April 26. 1010, ~ 7.620.000 *2.544 000

, ,*2.w« *15 709.000

*13,395 OOO

▼he M*f»ey Market. NEW YORK April 34.—Mercantile paper, 6% ®7 per cent Exchange strwng: tterltng *i*ty d*y hills, *3 84'%;. ct»mmrr«*ial sixtyday MIt* on bank*. >3 84 %: emnaierciai r-day bill* *3 83* dematwl *3 86%; *3,87%. Franc*—Dwntnd 16.04; 16.02. He rian francs—-Demand, .. „ ,. ' Whies, • 16 83, Guilders—Dcmsr 1. 36%c: rabies, $8%« L«re—Demand. 22 87; eshlaa. 22*5 Marks—Demand 1.6*c; rshles. 1.64e Gevemment bunds, irregular; rstlmad hoods easy. LONDON. April 24 —Money 4% per eent. Dlanount rale* short bills 6% per eent; three months bills. 6%per cent Remhsy IMsrount, 0 Ter C*S*. ROMRAT. April 24 —The rste of discount of the Hank of Bombay was mitral from 8 to 0 per cent today. Bar Miser. >ew Vsrfc. ft.IB. NEW YORK April 24—Bar silver 91.18. Mestean dollar* 80 % e.

Bar Mlver.

LONDON ••AOS

rer. 60%rl an

' '■ 'il ' J - New York Bank Statement

',55!.7lit reserve dittnii—!,«n*n#:,

NEW YORK. April 24.—The actual con* tiuon of clearing house hank ami trust rompante* for the week gfipws that they hnki *35 351.710 ftswve iti eaceen of legs I

an tcu-reasH of

■9k. Actual con

. .. ■ BistWMHs, etc.. *3.141,058 •

ibtii. deerruae *72.668.000. Ca*h <u onu

member* frahral nsaervi bunk i.tMO: Hi crew*. *>,511 0»*0 Rv^ti ve it reserve bank of member banka 1.900: tAcrease. *2 047.000. Re

ssrvs in own vaults, state banks and trust

$12,233,006; dstfsam.. *330.v» in dsposltarte* state bank*

lOOt) -O^OWI itwresw

OewsMls Usdinted < $96.44 B-WMb r.W.OW; deeeeaw. $68 733 00<J.

OO; im Tease.

.612.000; , de »te reserve.

lJW ft. *35.551.-

of state banks amt trust comer Mew York not tncHtded m

Loans dlacotmta •wase *146 300 e $140, too Cur

*18 472.500

National Lead. Nor. A Weet. . . Nevada Consol NT., NH. A H I

70* 28% 29

Mo. Pacific ,.. , 25 4 «.. 4 k

68* 69 68* 68% m 80% n

$|%

Pressed B. Car, .100% 101% 100% 100% Pierce Arrow ..01% 03% 61% 63% Pitt. Coal 58 * 58 * Penns R R .. 40% 40% 40% 40% July

By Steel Aprs. .. 94 % 95*

May Consol. ... 18*

78% 79% 07% PH 1 j 34 % 34 %

HssMltag ... —. Republic Steel . fitnctkfr OU .... BioM-MlMfflsM... South. Pacific . Southern My.... Strom herg ....

MttdslMlfcer

Tobsoro Prod.., Texas Co. .... Trane Cent. OU

Texas- Pac.

S'..

40 % 04% 78% 96% 33%

PORK ■■ May .. * .« July 36 70

la rb —■

May 10 42 July 20 15

20 20

Sept 21 15

94 %

96%

94%

96%

94%

87%

84%

90% 87%

84%

74% i

72%

87 74%

72%

74%

37 00 36'70

19 85 20 60

19 42 20 15

30 10* 37 00

19 754 20 55«

21 40 21 10 21 824

78% 06%

94%

83%

94 * 2! *

21 81

110

44%

. 34%

214

Union 041 30* tl. », Steel , . . . 06 %

V » steel pM.. .110% V 8 Rubber . .loi * 107% 101* 102%

tTnHsd Fruit

93% 30%

•1

112% 109* 110 45 % 44 % 45* 18% 18 18* 35 34 34 214 211 % 213 30% 07 * 96 * 90 %

Utah Cnnper ... 70 * 17. S, Ind. Ale®.. 89* Union Pacifle ...117

United Re St

Va. Car Chew.. WegUngKmwa ., White Motors .. W. Union Tel . tV. Oreristtd , . . Wilson Co

r»ak Rubber Oklahoma Re*.

Fsmou* Plsyera People * Gaa . . Pull Pal. Car..

I*cre Marquette Worth. Pump

0S% 6S% 49% 57% If:* 07 ^ s

110%

.74 m

90* IK 60 % 60 49%

■. .■ ft *

so so

116% 116%

08 % 68 % 68% 60

Sept •Tttd.

17 90 18 65

18 05 18 87

17 90 18 65

tAriT

‘t Nominal

18 Q7» 18 00 19 40t

Vew York Grain.

NEW YORK, April 24.—Flour—Strong; spring patents *13 75® 15.00 spring clears, #10.50® 11.50: winter straights *11.25® 12.00: Kansas straights. *13.25® 14 25. Corn meal—Firm; yellow granulated. *4.25; white granulated. *4.20. Rye—Firmer; No. 2 western. *2.38 f. o, b. New York. Barlcr — Pinner; feeding. *1.80: malting. *1.00 f. o. b New York. Buckwheat—Firm; good § - — t< frog d

1 387 1,724

Yr. ao far. 844.959 115.952 45.471 13.497 Same. 1019 807.716 118.000 43.300 13.825

-Hogs at Eleven Markets—

Estimated Saturday Hama day last week Same day 1019 ... . Same day 1018 .... Total this week . . . Same last week ... Same week 1019 . . . Same week 1918 .. Tear to date ...... Same time 1919 ... Same time 1PL8 ... Same time 1917 ...

55.000 30.000 39.000 36.000 546.000 194.000 545.000 570.000 10.133.000 11.927.000 11.806.000 10.294.000

Receipts

Hogs. 41.465

. 21.975

OTHER T4YE STOCK MARKETS. EVANSVILLE. Ind. April 24—Cattle— Receipts fair, market generally steady: handy

1 ##1

plain to common. *7.00® 8.75: butcher heif- '*• -o I- OO^e^um ^ 0 ^ nXme^Bm* mo™'to piam jfnn Cremwnt Pck. Co iuvu \o plain* ^Y.UU ^O.OO. Calves I RirerriPW P Co cetpts fair; market extremely low and draggy I v!cicr PoL ro

Week Ending Friday. April 23—

Unsettled Money Condition Causes Decline in Cotton

Cattle.Ca Ives.Sheep. 7.176 5.187 372 1 3,683 211

656 182 267 267 742

3.63o 1.475 1.608

103 175 183

t 10

246 492

7 ' i

200 371 '49

Sheep and lam be—No receipts. Hogs

40% 84*

♦«*

->8

84% 21 %

116%

LIBERTY BOND PRICES

NEW YORK. April 24—Liberty bond final prtrat* today were; 3%a. 03iUl: flrat 4* 85.50 ; aecoitd 4s, 85.00: firvt 4 % a. 85.9t». cra-otxi 4 %® 85 84 ihihl 4*a, fourth 4 85.00: Victory 3%s. Victory 4 % s 06.48.

00.00; 0SJO:

Grain and Provisions Sink During Financial Strain

SLJpPi

m»al I'm Ira

513.000

CHICAGO. April 74 —Big setbacks in the value of grain ami provisions have resulted this week from indication* of severe financial strain. Compared with s week ago. com pritvee this morning were 3%c to «%c down, oats were off %r to 2%c. and provisions

lower. 37c to *1.05.

All deliveries of corn. oats, rye and barley were at about high-record prices for the season when suddenly the corn market was swept by an avalanche of selling The pressure to get rid of holdings and to seise advantage* from the break in price* went far beyond ordinary limit* before traders began 4 r to regain their equilibrium ami lo be guided

with JU* | sw*» partly by inftuences olher than th*

£ violent change* of securities in New York.

.t-UlTi.- seeT i Active export deifiaml for wheat and rye ? -* K * u Vjr‘.L I helped to « mabrisl ex lent at this Juncture

a Sio re*lore comparative conJtdence on thr part

oriw r hlnh. of hulls In the corn market Later, how-

'»»- '7v "£ r;

Vavh ln v.uii factor and to a great extent owe more flat"ah * tened out toe buying power in the emm mar-

mg amounts and from <

*819*073 6&> *vtn

N.Y. Federal Bank Statement

! Oala joined the downward plunge of com. ' but rallied better owing to lateness of seeding. Provision# were depressed with grain

and hogs.

nn;

middling *4.00 X 100 lbs. Whea easy; No. 2 red and No. 2 hard. $3.05. awl No. 2 mixed durum. $3.01 f. o. b. steamer. Corn—Spot, easy: No. 2 yellow. $1.01%. and No. 2 mixed, $1.00%. coat and freight New York. Oats—Spot. Unset-

tled; No. 1 white. *1.35® 1.40. nominal. Hay

—Finn: No. 1. *3.45®3.50. Hop*—Finn; 1 orders, bids yir«re raised to $ Pacific £°»at. 1919. 9fte®*1 .loHipljB. 00® many sales were Anally mad

05c. Pork—Firm: me**. *43.00® 43fiO; fl g U f c Finn: middle I competition after the opening was

—April 24—

Following the greatly depleted supplies of live stock in all market centers last week due to the switchmen’s strike causing inadequate shipping facilities there was a flood of receipts in all markets this week and prices suffered an unusual revision

to a lower basis.

The total receipts of hogs at eleven markets was 548,000. against 194.000 last week, 545.000 the same week a year ago. and 570.000 two years ago. Locally the week’s receipts showed an Increase of 33,000 hogs, 4.100 cattle and 4,400 calves, compared with last week and a loss of only 1.500 hogs, only 400 cattle and an Increase of 4.700 calves, compared wMth a year ago, so that the marketing was again practically normal and the run of calves was one of the largest in the

history of this market.

Compared with the high time recently there “has been a net loss of $2.50 In prices of hogs. Cattle, except the plain to medium light killing steers, have lost all of the recent advance, amounting to $1.50 in extreme cases and the highest price for veal calves now is $3.00 lower than It was Wednesday of this week. The Saturday hog market opened with a supply of 10.000. including 4,300 layovers, in sight and prices feu to a level of $15.00 formost of the :ood kinds averaging 225 pounds own and there were several sales of hogs averaging 275 pounds up at $14.00. The first sales were generally 50c lower than those of the day before but this caused many hogs to be locked up and with a fear that the available supply would not satisfy all

‘ *15.25 and

e at that

down ___ j corn and grain bulletin

J5*-- ?1 4 00: heavy piys, 00 to 120 lb*.. $12.75: light pig*. $7.00610.00: extreme! ,, .

heavie# $13.00® 13.75; common hog* and _ _ h °5 lP * * t

piggy sows hard to dispose of at any price.

family. *52.00 © 53.00

west. *19.35© 19 65. Tallow—Steady. *pe rial loose. 14 %c. Rice—Firm: fancy head

ciai loose. 14 %c. Rice—Firm: fancy head. 14 % ® 15c: Blu* Rose fancy. 13%®13%c.

(hicage (ash qraia.

CHICAGO. Anri! grsde hard. $2:65 *1.66% ©168: No.

24.—Wheat—Sample Corn—No. 2 mixed.

rat II*

2 yellow._ $1,70

• • > -■ —*"». « wntle, $1.05fri 1.06; j*o 3 white. *1 03% ® 1.04. Rye—No. 2. #2.06 Barley—*1.63® 1.72. Pork—Nominal. Lard

—$19.45. Rib*—$17.25© 18.12.

OTHER GRAIN MARKET*.

KANSAS CITY. April 24.—Cash

8- to 7c higher No. 1 hard. *2.85© 2.95

« *<•>«, ** Qo - Wm 1 ‘

keen ind the top price for light hogs was raised to $15.50. the same as on Friday. There was no apparent rally in prices of the heavier grades but there was a sentiment late In the day that the low poffnt had been reached for the present and that, with any im

- % © 1.68: No. 2 yellow. *1.70%« ' provement ® h 'P l ’ 1 'L‘f v C °^i.i, i0 wHl b be 1.77. Oat—NO. 2 whit* $1.05© 1.00:\o. ^"fees There was little

business on Saturday between a range of $14.50 to $15.00. Pigs were practically steady with ^ general sales of the day before $14 50 down and sows were somewhat lower at $11.75 down. Present Prices are the lowest since February 2«. when the top price was $!$-$>> an<1 «7 , c 0 AA 0 sales were at $14.50 to $15.00. Most of the sales now are $2 00 l^? r , they were a week ago and $6.00 lower

than a year ago.

Hog*.

Good mixed. 140 lb*, up sve.»15

iiorti-trat 140 to 225 lb*, av. 15 00©lo 50

225 rn 275 lb*. »V. 14 25® 15 00

heat.

. v 2.95;

red *2.78®

77. Coro—Unb. 2 mixed. *1.67;

*1.67® 1.70. No. 2 yellow.

- —-’-.an. •

No. 7.

2 80:

changed

ft.Ts! Coro—May *1 62%. July. *1,58%; September. $1.52% . Oat*—Unchanged; No. 2 white. *1X3® 104; No. 2 mixed. *1.02

CINCINNATI, April 24.—Wheat. $2.03© 2 05. Corn—No 2 white. SI 83® 1^4; No. 3 white. *1.80© 1.82: No. 4 white. *1.76® 1 -"saiBf '

white. *1.80® 1.82: No. 4 white. *1.70® .selected. 275 lb*, up 78: No 2 Yellow $1 79© 1.80: No. 3 Yey- t hoe*, weighing down to

low *1.78®1 70; No. 4 yellow. *l.74®1.7«: j 14 o lb* - • • \* vow*® v No 2 mixed. $1 77® 1.78: No 3 mixed *1.76 j jr* back pifs. under 140 lbs. 14 7o down © I TT: No, 4 mn«d_*i 7211.74. o.to— L^ptgs^. 14 50 down

14 00 ©14 50 14 75®15 00

nt of | warn *M iwrarit- rvatik of ..HI , s£asur l 5?i 6^’i6« ; * etove dsdw^MM from groM Uepowt*. *166.- *** member*, reeerve account. *«»« deposit*. *931 - 112.565; federal reeerv# note* in mHual etri. $832,703,710, Hdtio of total re i to denosit and federal reserve note haM comhioed 43.1. — ■ ■ ■ — GOLD IMPORTS GROW.

to figures made tmaSri%i»5

38.

import*

»se in gokt more » shown by the for the first three than $12,OOO,OOO countne* for the ten-

ex cepshto-

ted Stale* thi* year, sent of tots imports from fWdy »0d Impone .970: from North Amer.350. and' Europe., ilaitd delivered $104,for the leu day* aggregated which $3 500 000 went to 571.550 io Chma. exceeded toe import metal for the ten-day ittely *4 100.000. The all couutrte# were of *7,521,793

PRODUCE

SI .00% ©1.10.

*43 00.

MINNEAPOLIS. April 24—flour unchanged. Shipment# 47.002 barrels. Bran, 5.100. Flax No. 1. *4.64 ® 4.74. Wheat; cash. No. I Northern. *3.0063.10. Corn No 3 yellow. *166® 1.67. Oat#’. No. 3 white. 98% <f 99%c. LAFAYETTE. Ind April 24—Wheah— No. 1. *2 68: No. 2. *2.65; Goto—No. 4 or better (63 lbs. to the bushel). *1.59. Oats— White, 99c: mixed, 94c. Rye—No. 2. *1.80: No. 3. *1.77. TOLEDO. April 24—Corn; No. 3 yellow. *1.73. Oaie: No. 2 cash. *109® 1.10. Rye: No. 2 eesh. $2.08. Barley: No. 2 cash. $175. Hay *2.10. Primary Markets. |Thomson A McKinnon! —April 24— (000 omitted)

RECEIPTS.

Oats. Flour.

99 9

(The rang* of price* of egg*, butter and poultry te due to <h:T. rentes to quotation*

by th* v»nou* dealer*.!

HGG8—Indianapolis Jobber* offering come try *htpv«er« foe •trtr»>v *'^*h stock deitvat Indianapoh*. 38® 30c a dosen. loe*

nriee* for

ataanotts: 'owl*.

Urge broiler* 5fV rooster*. 17©

stage lie

bn* me

in silver. » largest

shipments.

The total im grand divueoo* were: ■©■Hi couu-

*519.878: same divi-

*125.400 North M.000.94 7; Aiwa

ept for burry cross

NEW MM?' 1 ’

15%r. M No. May. 14.40v; July.

DOWN ON THE FARM

JMEFRHSONVILLE —Clark rating Assoc* a tier, is making

County Cow

making a good show - has the second largest

in toe state and ha* twice had t iwoduction of hotter fat for a Harold McCulloch, of Charlestown

towramp had the highest herd average. A number of farmers will qualify for toe medal of the state dairy association given to owner* of herd* of not loss than ten cow* with total year's production of 300 pounds of

butter fat each.

ANDERSON—Hens sold at $2.10 each at a public sale on the. farm of lames Diven near Anderson. Friday. A milk cow sold at liahsasimfi Diven and family will more to

errai

< ff

POULTRY— Jobt era poultry, deliver'd

33 ti 35c; large bevm ^■ - - »• J6c: •tag* ike: turkey* 32*»3Sc dueka. 2072c; geese. 13® *0$: squab*, a doaea.

11 Iba. to to* doeeu. *7 A0.

BUTTER—Jobber* buying price* lee packing stock delivered at J-..l:»n*polte. S3®35r. Jobber* eelttng prioraJar fltea«ery butter: Freeh prints, 06®67c. storage

butter. June errasaenr 50c.

CREAM—Indianapoh* buyer* paying 60a a pound for butter fat. delivered at Indi-

anapolis

CM BESE—Jobber*

tie Swiss 60«62c New

S5e: brick. S3®33c; Wgaconam lunbuyger, 37#3Sc: Wiracnam daisies. 35e; New York haaCuraer. 37«3tc. Long Morn 35 •36c.

Neulc' atei. large. «* 05: small. *1.05.

NEW YORK. April 24 —Butter steady; receipts 4.147 tub* Creamery higher than extras. 77% ©78c; extra (92 acorei 77c; packing stock, current make. No. 2. 42% ® 43c. Eggs Him: reewnt# 16,531 eesew.

Wheat.

Corn.

Chicago

Milwaukee ...

.. ri S

Minneapolis ..

, . . 258

Duluth ......

. . .

fit Loui* ....

To’edo

Detroit

::: i*?

K»n»a* City. ..

* 16

Peoria ...... Omaha ...#..

... 24

711

Indianapolis . .

Total#

250

Year a*o...

... 330 783 SHIPMENTS

■elUna price* Pomes

NewTork full

Chicago . . . Milwaukee . Minneapolis Duluth St Louia .. Toledo .... Eanaae Olty Peoria Omaha .... Indianapolis Totals .« . Year ago

Wheat.

Coro.

300

.... 109 80

.... 1

!!!! '•«

6 15

:::: «

8 91

045 . ..1,7*0

168 392

CLEARANCES.

389 23 704 04 Oats. Flour.

386 501

111 75 111 75 112 00 115 25

INDIANAPOLIS CASH GRAIN.

changed.

CLEVELAND April 24.—Butter—Creamery. in tub*, extras 70 %® 71c; packing. 36© 41c. Egg*—Southern and wratern firsts, new oeece- 42c. Poultry—Chirkeira 45® 50c; light fow®. 45®50et roosters. 25c; springer* 43 ©48c: heavy gradra. 36© 36%c; ducks 36©38c. geese. 30® 35c;

turkey*. 35®40c.

LAFAYETTE, lod. April 24—Packer*

buy mg prices: Butter—30c. Eggs—38c Poultry—Old cock*. 13c: fowl* 25® 30k; old tom turkeys. 25c: ben turkeys. 35c: ducks. 15c; geese. 15c: fancy stock worth

LOUISVILLE April 24 —Poultry—Hens.

33c. medium springer*. 35 ©45c: ducks. 22c. geese 26c: roosters. Ific: guinea# $7.50 a doaen: turkey* 40c. Butter—Packing stock.

35c: creamery «8e Eggs—CamHed. 38c. KANSAS CITY April 24 —Butter—Cream

tn fim# «lr- aecomls. 58c; packing stock. 38e. Egga—Current recnpte a ease. 312.65: g-#**, 43c Poultry—Hens, 31c: hroiiers.

TOc; apnnger*. 40c: rooster*. 19c. ST. LOUIS. April 24—Poultry—Hens. 32c

a lb spring* 44c: turkey*. 49c: ducks 33c.

18c. Butter—Creamery. 63c. Eggs—

—April 24— The bide lor car lots of grain and hay at the call of the Indianapoh# Board of Trade were: Corn—Steady: No. 3 yellow. $1.76% ©

1.77.

Oats—Strong: No. 3 white. $1.11; No. 3 white, $1.10%. Huy—Strong: No. 1 timothy, $39.50© 40 00; No. 2 timothy. $38.00© 39.00: No. 1 light clover mixed. $38->0© 39.00: No. 1 clover mixed. $38.00© 38.50. — Inspection#— Wheat—No. 3 red. 1 car:. Total. 1 car. Coro—No. 2 white. 3 care; No. 3 white. 3 care: No. 3 yellow. 1 ear; No. 4 yellow. X car: sample yeBote. 1 car. Total 9 car*. Oats—No. 2 white. 7 bars; No. 3 white. 2

cars. Total. 9 cars. Hay—Standard timothy.

1 oar; No. 2 t»m-

CHICAGO April 24.—Butter—Unsettled TOLEDO, April $4.—Butter—Brit® creamery. 73c Rgge—Selected, strictly fresh. 44c

v*Sf W kS R ?nd Al Ste^'^SSi *“* better dentand. Silks quiet at eama^pnee* for future delivery Burlaps firmer at Calcutta but quiet at unchanged prices hero. Chicago Potato** ktroogw. CHICAGO. April 34.—Potatoes—Strong er: receipt# 9 cure: northern round white bulk and 'sacked 57.00 ©7 25, Minnesota Bad Btver Ohio*. $7.60.

►IxJ . Ctete ®- JL wwi tea* kk V. mt ■». Straw—No 1 oats. 1 car. Total, 1 car. PRICES AT THE HAY MARKET —April 24— The following are the IndUnapohs prices of hay and gram by the wagon load: Hay—Loose timothy. $36.00® 38.00 a ton: mixed. 584.00©36.00 clover. $35.00© 36 00. Coro—$1.70© 1.80 a bushel. Gate—$1.07© 1 JO. Straw—Wheat. $8.00 ©9.00 a ton; eats. $14.00 ©16.00. TANK WAGON PRICES.

KEROSENE—Perft

Naphtha—▼, M. $ cleaners. 30.82 a gallon. GASOLINE-4*5 Croi

mertmn lfi.7« a M * P.. *6.$e a

SOc a

TOLEDO. April 94 —Clover seed—Pnine cash. $2830: April. $28 50: .October. $23.55 . December. $22 55 Alstke—Prune cash. $30.00;. April $30.00. Timothy—Prime cash. 1917. S5A5; 1918 $5.35: 1010. $530; April. $5^0: May. $5.46: September. $5$$;

- I iTSieember

Light pigs

Sows. ni Lxwding io quality.. 10 00j Sale* in truck market .... 14 601 Beet heavy hogs a year ago ~1 10 Beet light hogs a year ago . . -1 O0 Most of teles a year ago.. 21 00 Large Saturday Run of Cattle. The fact that nearly 700 cattle arrived for the Saturday market caused & slump In prices and sellers locked up some of their consignments to await a better market. All business transacted was steady compared with that of the day before, including light steers at $1*.25 down, heifers $13.00 down, cows $10.50 down, and bulls $10.00 down. The receipts of 900 calves were 200 larger than the run of cattle and another sharp decline ensued. Sellers put off a few calves early at $15.00, but finally $14.00 was a top price for good veals, representing a loss of $4.00 from the top price on the midweek market. Record receipts were, in a way, responsible for an unusual decline in prices, but eastern requirements for veal stock apparently had been satisfied and orders have been curtailed

correspondingly.

The shrinkage in prices of killing cat fie this week has placed values on about the same basts as they^'ere on Friday two weeks ago. 60c to 76c lower, especially on the steer cattle, than two weeks ago last Monday. Most of this week buyers said that the decline in local prices was not equal to the loss at Chicago, though conditions there were subnormal. There was a limited trade in feeding cattle this week on account of the lack of supplies. Killers bought many of the cattle ordinarily available for feeders. The demand was again chiefly for the light feeders that could be bought from $10.00 down, heifers from $9.00 down and cows from $8.00 down.

Cattle.

, KILLING STEERS— Extrs good. 1.300 lbs. up..$13 75614 00 Good to choice. 1.250 lbs. up IS 25 ©13 50 Common to medium. 1.250 lbs. up 13 00©18 25 Good to choice. 1.100 to 1.200 lb* 13 00©13 25 Common to medium. 1.100 to 1.200 lbs 11 75® 12 50 Good to choice, 1.000 to v 1.100 lb* 12 60® 13 00' Common to medium. 1,000 to 1.100 lb* 11 26©12 50 Fair to good, under 1.000 Ibe. 11 00© 13 00 Good to choice yearlings. ... 13 00© 14 00 HEIFERS— Good to beet. 800 Ibe. up . . 11 00© 13 00 Common to medium. 800 lbs. up 10 00® 11 00 Good to beet, under 800 ibe. 11 50® 13 50 Common to medium, under 800 Ibe 9 00® 11 00

COWS—

Good to beet. 1.050 lbs. up 10 50® 11 50

Common to medium, 1,050

Hm 9 50® 10 50

Good to choice, under 1.050

TbT 10 00® 11 00

Common to medium, under

BTrULS"—■“

Fair’to medium, under 1.S00

■ CALVES— , ,

^ T*. 14 00ft IS 00 c °ss^ ^ o!?»r u r . n ‘'•: u oo a ., o„ Good to choice heavy calves. 9 00® 11 00

Common to medium heavy

eStra 8 00® 9 00 *TOCH*RS AND FEEDING CATTLE—

Good to choice steers. 800

nSr up 1» 00®11 00

Common to fair steers, under

800 lbs 9 60® 10 00

Good to choice steers, under

800 Ibe. 9 60®10 00

Common to fair steers, under

135 00

_ __ 100 00 Stock calves. 250 to 400 Ibe. 7 00® 10 50 Springers 7 50® 9 50 Sheep Hold SteaRy.

October. $5.65

■DULUTH. April

sber. $5.66.

94.-

LAFAYETTE. Ind., April 24.—Cattle— Best heavy shipping steers. 1.300 to 1.500 Ibe.. $10.00® 12.50; common to medium steers. 800 to 1.000 lbs.. $7.00® 9.50: choice butcher heifers. 1.000 lbs.. $8.506 10 00; choice butcher cows, heavy. $8 00© 11.00: veals. 140 to 180 Ibe.. good to choice. $8.00 ®1100; heavy calves. $5.00®7.00. Sheep —Choice to fat ewes, $0.00® 10.00: common tp fair sheep. $2.50©5.00: good to choice yearlings. $8.00© 10.00; lambs. $14.00© 15.00. Hogs—Car hoge. $14.70: truck hogs. 170 to 225 lbs.. $14.60; 170 to 225 Ibe.. $14.60: 100 to 180 lbs.. $14.00: 225 to 275 lbs. $13.60 : 275 lbs. and up. $13.75: 140 to 170 lbs.. $10.30: 100 to 140 Uw-^Sll.50® 12.50; stags. $11.00: roughs, ST. LOUIS. April 24 (U. S. bureau of markets'!—Cattle—Receipts. 1,250: market for week: Steers, yearlings and heifers. $1.00 to $2.00 lower, cows. 23c lower: canners and culls steady; veal calves, $4.50 lower than Monday and $8.50 lower than Friday. April 16; stock cows and heifers. 50c lower. No early sales. Hogs—Receipts, 7,000; market $1.00 lower: top. $15.10; bulk light and medium weight. $14.25© 14.50; bulk heavies. $13.50© 14.25. Sheep—Receipts, 750; market lambs steady to 25c higher. No sheep sales; top' lambs. $18.60: bulk.

$18.60.

KANSAS CITY. April 24 (United States bureau of markets).—Hogs—Receipts. 500; steady to weak; top. $14.00; lights and mediums. $13.50®14.00; bulk, heavy, $12.85 ©13.25. Cattle—Receipts. 050: market for week: Heavy steers. $1.00 to $2.00 lower: handy weight and yearlings. 50c to $1.00 down; fat she-stock and bulls, scarce and about steady: veals and calves, slow and increasingly lower. Sheep—Receipts, 4.000:

bulk receipts direct to packer.

BUFFALO. April 24.—Cattle—Receipts. 1.400; dull. Calves—Receipts. 700; 50c higher; $0.00© 17.50. Hogs—Receipts. 6.400: 25c lower; heavy. $15.00616.50; mixed. $15.75 6 16.00: Yorkers. $10.00© 16.10: light and pigs. $10.00: roughs. $12.50 ©14.00: stags. $8.00© 10.00. Sheep and lambs—Receipts. 2.800: lambs, SOc lower: wool lambs. $13.00 6 21.50; yearlings, $12.00

PITTSBURG, April 24.—Hogs—Receipts. 3,000; market lower: heavies, $14.00® 14.50: heavy Yorkers and light Yorkers. $15.60© 15.75; pigs. $15.50 615.75. Sheep and lambs—Receipts. 1.300; market lower; top sheep. $14.50: top lambs, $18.50. Calves —Receipts. 410; market lower;, top, $17.00. LOUISVILLE, April 24.—Hogs—Receipts. 1 334: best. 250 pounds up. $13.50; 105 to 250 lbs.. $14.50; 120 to 105 Ibe.. $13.50; pigs, 90 to 120 lbs., $12.00: 90 ,v '- '*"•—

Stations <* Indianapolis District

H I

down.

South Bend.... Ft. Wayne. ... Wheatfield . . , . Royal Center ;. Marion ...... Lafayette Farmland Indianapolis ... Cambridge City. Terre Haute. .. Bloomington Columbus Vincennes ....| 60 PaOli I 01 Evansville .... 58

0.13 0.14

0.08 0.03 0.07

L. frost

Clear Clear Clear Clear dear

Cloudy Cloudy Cloudy Cloudy Cloud}' Cloudy Cloudy Cloudy

0 | Cloudy

JT IT a rmTngtonT

New York Dried Fruits. NEW YORK. April 24.—Evaporated apples, dull and weak. Prunes, steady. Apricots. firm; peaches, dull. Raisins, easy.

Trade and Industry Still Checked by Railway Strike

NEW YORK. April 24.—Bradstreet’s say#: Trade and industry are rather more irregular and while there are signs of improvement in the industrial field owing to ihe gradual burning out of the railway str.ke. the embers of this trouble are still a cause of arrested movement and product on. In retail trade, bad weather, excessive rains and the cold late spring are credited with the chief responsibility for the little oetter than fair reports received. In wholraeie triqifi. in which as in retail trad:, manufacture and collections, the pace is slower, conservation bred of high prices, the Jlpser scrutiny of credits and the more evident

money

causes assigned for the tapering off of buying for the more distant future. la no line are activities so marxed in January, in March or in earlier April, while a* compared with a year ago when the foreshadowings of the mat expansion of 1919 were becoming visible, neither retail trade nor collections are so favorably regarded though manufacture and industry, of course.

ved. Weekly bank clcar-

NEW YORK April 24 —After toe advance to 42.60c for May and 37.25c for October, or about 9 to 1.1 cents a pound from the low prices of last February, bullish weather and crop advices seemed to loee force in the cotton market. As soon aa buying failed to broaden on sue© feature#, toe attention of the trade seemed to turn to unsettled outside conditions, and nervousness wa* evidently increased by reports of financial disturbances in Japan. This combined with the recent advance in the Bank of/England discount rate, and a belief that extended control of credits would be utilised by the federal reserve board to restrict the uee of resources m speculation or in holding commodities outside the channel* of distribution, probably accounted for much of the seltlrg. At times this was extremely active and general and at the low pcint of the week price* showed reaction* of from 2 to 2 % cent* a pound compared with the high price* of laat Saturday and Monday. The decline has been accompanied by rumors that cotton was coming here from the south for delivery, but nothing definite has developed In that connection, and local brokers have attributed the bulk of the selling to the liquidation of speculative long accounts. Weakness in the stock market has naturally emphasised unsettling feature# in the general aituation. while the apparently growing resistance of consumers to high prices as indicated by th* formation of various clubs to pull down the cost of livmg has also encouraged the view that commodity values had overtaken inflation. No change of importance has been noted in reports from the domestic goods trade, but the firm tone of price* has been attributed partly to reeerve on the part of manufacturers pending the outcome of prospective wage demands, and private cables have indicated a check to business in Manchester owing (o uncertainty regarding the outcome of the wage dispute with Lancaster operatives. Re porta of improving conditions in Japan led * otn ® .covering toward the rod of the week and it was also noted that clearance# ir*. ®*** w * r * continuing in spite of W1th Pacific ports reporting of over 36.000 bale* to Japan and China for the week. COTTOW SUFFERS LOSS. Improved Weather and Crop Condition Encourage* Selling. NEW YORK, April 24.—The cotton market showed continued nervousness, but rather a steadier tone during today’s sariy trading. The strong opening of the stock market probably prompted covering for over the week-end. while there were bulUsh private crop advices, and sentiment waa favorably influenced by reports that Lancashire cotton operatives were to confer with the British ministry of labor on Monday with a view to settling the wage dispute. The opening was 13 to 21 points higher, which met considerable overnight liquidation, with July selUnr off to 38.23c and October to 84.76c. right after the call, or 2 to 9 points iwt lower. Trade interests were buyers on this decline, however, and the market rained on covering with active months ruling •°7 e 71° 2 . 2 P° inU net higher toward the end of the first hour

The weather

ern belt conditions

the southwest ■ _ __ of active general selling in the’cotton mar-' ket during the middle of the morning. The easier turn of th* stock market after the opening advance aleo had an unsettling influence on the break, which extended to 37.85c for July apd 34.30c for October, or about 40 to 55 points net lower and ’nto new low ground for the movement on all deliveries except May. Closing prices showed rallies of several points on covering with the market barely steady at a net dec'fnj

of 30 to 35 points.

future* closed steady: May. 40 45c: July. 37.93c: October. 34.50c: December. S3.53c: January. 32.90c. Spot—Quiet middling

41.45c.

New York Cotton Future*. (By Thomson A McKinnon's Wirel —April 24—

have greatly improve* ings. $9,273,505,000.

HIGHEST SALES OF LIVE STOCK

The following table shows the highest sales each day of the various kinds of stock at the Indianapolis live stock market: -H ogH

Truck.

April 1. April 2. April 3. April 6. April 6. April 7. April 8.. April 0. . April 10.. April 12.. April 13. . April 14..

Car.

.$17 00 . 16 05 . 10 75 . 17 OO . 17 25 . 17 15 . . 17 00 . 17 00 : IS uo ,. 10 00 16 75

April 16 . .... 17 40 April 16 17 25 April 17 17 00 April 19 17 00 April 20 17 50 April 21 17 00 April 22 10 25 April 23 15 50 April 24 15 50 Year to date.. 10 50 Highest record 23 50

'Spring lambs.

$17 00 17 10 10 85 17 OO 17 25 17 25 17 00 16 90 10 75 10 00 16 00 10 50 17 40 17 75 16 75 17 50 17 25 17 75 10 50 10 00 15 25 16 05 23 76

Steer#.

$13 75

14 00 12 50 14 00 14 00 14 75 12 85 13 00 12 25 11 75 12 50 13 50 tl5 00 16 00 13 75 14 10 13 50 13 85 tl4 20 14 00 13 25 18 50 21 00

Heifer#.

$12 00 12 00 13 JDO 12 00 13 00 13 50 12 75 13 50 13 00 11 75 11 75 12 00 13 00 13 05 12 75 13 50 13 25 U4 00 13 50 13 50 13 00 14 50 18 00

Cow#.

$11 25

11 OO 11 00 11 50. 11 50 11 50 11 25 11 00 10 50 10 75 10 75 11 50 12 00 12 00 12 50 11 00 n 00 11 00 11 00 11 50 10 50 13 00 15 00

Bulls.

$10 50 10 50 10 00 10 00

10 00 10 25 10 00 10 00 8 50

10 00 10 00 10 00

10 50

10 50 10 00

10 50

10 50 10 50 11 00 11 25 10 00 11 50 13 75

18leers and heifers. ^Clipped western lambs.

Calves. $18 00 17 60 17 00 18 00 18 00 17 00 17 00 17 00 10 00 15 00 15 00 18 50 18 60 20 00 19 00 17 50 17 00 18 00 17 50 16 50 15 00 24 00 30 00

Lamb*. $18 00 *30 00 18 50 15 00 10 00 •25 00 •28 00 18 00 18 00 •25 00 ift'60 17 00 10 00 •2i'66 •25 00 U8 25 •26 66 21 05 21 65

January March May July August September . October .... December ...

Open. High. 33.40 33.42 32.65 32.65 40.80 40.95 38.35 38.40 #••** «•»•• 35.00 36.06 34.00 34.05

Low. 32.76 32.00 40.25 37.85 34:30 33.40

Close. 32.90 32.10 40.46 37.93 30.60 35.05 34.50 33.53

New Orleans Cotton Futures.

—April 24—

January May July October December

High. Low. Bid 33.12 32.50 32.61 39.14 38.74 38.88 38.12 37.62 87.77 34.77 34.16 34.31 33.78 33.18 33.30

Board of Trade Weekly Statement. The weekly statement of the Indianapolis Board of Trade, showing the output of flour for the week, the inspection of grain and the stocks in store, follows: —Output of Flour— April 24. 1920 April 17. 1920 April 20. 1919 April 27. 1918 —Inspections for Week

Barrels. 4.702 2.970 11.903 0.522

Bushels— In. Out. Wheat 13,000 4.000 Corn 122.000 83.000 Oats 152.000 60.000 Rye None 1.400 Hay. 20 cars. —Stock in Store— Wheat. Corn. Oats. Rye. Apr 24. '20 260.330 587.120 73.600 3.570 Apr 26. 19 442.330 502.040 149.700 6.990 Apr 37. ’18 32.840 789.060 241,560 0.320

Advanced Discount Rates Set Back Stock Prices

NEW YORK April 24 —Further ’corrective measure* invoked by the federal reeerve board to curtail or restrict speculative credits gave the stock market a violent setback this week, but the reaction was accelerated by a weakened bull posi-

tion.

The action of the central bank nutooritie* took the form of advanced diwovmt rate* at important financial, commercial and industrial center*. This waa supplement'd by the private banks of those region*, where additional contraction of loans waa in

pc agrees.

These domestic credit accompanied by evidence

stringency of the same character, an echo coming from Japan, where speculation during and following the war culminated m

financial disaster.

Enormous liquidation of Liberty bond* at decline* of 1 to 4 per cent, also served to unsettle the local racuritie* market Offering* of these 1 Mites evidently come from all parts of the country, but round amounts were sok) by corporation* aa the only im-

mediate means of new financing

There wee a letup to gold import#, also to exports of that metal, although further

conditions were of world-wide

shipmro

foliation Much of the week's setback

to South America are under !*e-

■m

foreign exchange, especially the London rati wae due to offering* of sterling btiie here

■■■■PPBnqBaB

for Japanese interest*.

Granulated Sonar 17%©23c. NEW YORK. April 24—Raw sugar. Steady; centrifugal. 19.5«c: refl le I hr.i,. fine granulated. 17.50®23.0O«-; firun- *ere> steadier on week-end covering, xlthough trading was tight. Pr'cc# clcural un< harped to 20 points net higher Sales. 300 ton#: May. 18.05c. July. 18.30c: September.! 18.40c: January. 16.40c. Foreign Fur* Active at bale. NEW YORK. April 24.—Foreign furs in eluding 123.000 pound* of rabbit *lcin#. featured transactions at the fur sale here Friday. Rabbit skins aoW for from 75c to $3.15 a pound. The day’* saie»-%mountitl to $1,450,000, making a grand total for the five days of $4,725,000.

OTHER MARKETS ON PAGE 23

XT 0N - taxable, JM preferred stock, paying 7% and PARTICIPATING up to 10%. Secured by Real Estate. Complete information upon application. Aetna Mortgage & Investment Co. Fidelity Trust Bldg. Indianapolis.

Old Reliable Stock Paint

im$T * %ii ill

s&Z.W&Wa iLm. Com* in mad 1*4 aa straw yea this

pK*

Marion Paint Company aw *. Maxifilu. 1st door sooth of slo-

▼sted tracks,

Matas TBfifti AutnTaT-

Branch store, 128 N. Mala MR.

r-TTR.

▲lahaasa.

Pure Linseed Ofl, $ 1.90

“New Issue’

One small lot of spring lambs, including only s few that could be graded top kinds, sold “mine run” at flO.fifi. and fat ewes sold at $10.90. _ The marketing of live mutton- stock this week continued eabnenaai. and

$50,000,000

SINCLAIR CONSOLIDATED OIL CORPORATION Five-Year 7^% Convertible GoM Notes

Due Stay 15, 1925.

Dated May 15, 1920.

Interest Payable May 15th and November 15th.

s’ notice at 105 and interest, if redeemed on or prior to May 15, 1921, and thereafter at one per cen% for ®»ck year tf part thereof elapsed after May 15, 19$1, except that in case notes are iesued with stock purchaee warrants attached the notes

not accompanied by appurtenant warrants will be redeemable at 100 and Interest.

Redeemable on 60 dav

Interest to be payable without deduction for the normal Federal income tax up to 2% per annum, which the company may be obliged to withhold. Coupon notes in denominations of $100, $500 and $1,000 and multiples of $1,000. Note* may be registered. Total authorized issue, $75,000,000. THE CHASE NATIONAL BANK, NEW YORK, AND CENTRAL UNION TRUST COMPANY OF NEW YORK, TRUSTEES.

For information regarding these notes tie refer to a letter dated April 19th, 1920, of Mr, H. F. Sinclair, president of the corporation, which he has summarized briefly as follows: SECURITY: To be secured by pledge of all the capital stocks and other securities of subsidiary companies ndw owned or hereafter acquired. The company may not and will not permit any subsidiary to create any liens unless deposited under the trust

agreement, excepting liens on marine equipment and tank cars, and purchase money obligations.

EQUITY: The corporation’s outstanding capital stock, at current quotations, represents an equity of about $150,000,000, ranking junior to these $50,000,000 notes. ^ ASSETS: The consolidated balance sheet as of December 31st, 1919, certified by Arthur Young & Co., together with proceeds of this issue, shows total net assets available for the notes of over five times these notes, the net quick assets alone on this

basis being equal to over 1.60 times these notes. *

EARNINGS: Consolidated net ear.iings from operations, after Federal tax's, show net earnings available for interest and de-

pletion, etc., as follows:

Year ended December 31, 1917—$15,134,967. Year ended December, 1918—$19,640,717.

Year ended December 31, 1919—$21,890,898. . . A -- These earnings for 1915 equaled 5.83 times the annual interest on the new note*, and for the three years averaged ever

five times such interest.

CONVERTIBLE: Each $1,000 note to be exchangeable for 10 shares &% cumulative sinking fund preferred stock (par $190 each) and 2% shares common stock without par value. The notes may, instead, carry detachable warrants entitling holders to purchase said amounts of preferred and common stock for $1,000 (plus accrued dividends on the preferred stock i up to May 15th. 1922; thereafter the notes are to be convertible on the same terms, but only if accompanied by warrants Of any) originally attached. In case of redemption, the right to convert exterida up to 30 days prior to such redemption date. SINKING FUND: Commencing January 1st, 1921, the com pan y* ill provide a semi-annual sinking fund of at ieaat $2,000,000, to be applied within sixty days to the purchase of the notes at not exceeding $100 and accrued interest. If notes are not available for purchase at that price, the unexpended balance will revert to the company. Credit is to be allowed the sink-

ing fund by re son of notes retired by conversion or through the exerc of the purchase warrant privilege.

PROPERTIES: The corporation, through its subsidiaries, owns and controls oil-producing properties in many fieks in the Unit ! States .ind Mexico; a thoroughly modern pipe line system of about 2,800 miles; modern refineries with a daily capac tr of over 45,000 barrels; extensive marketing system in the United States and foreign countries; m short, the properties comprise a complete unit in the oil industry. The legal proceedings are being passed upon by Messrs. Rushmore, Bisbee &

Stern and Messrs. Homblower, Miller, Garrisan & Potter. Temporary negoti -ole receipts instance, whic* will be exchangeable for the notes, when, as and if is- ed and received by

us.

It is expected that application will be rnade to list both these notes and the preferred stock on Jihe^ New York Stock Exchange.

We offer

at 98 and Accrued Interest, to Yield Approxiaiately 8%.

BLAIR & CO., Inc. KISSEL. KINNICUTT & CO. ^MpKTGOMKKY A CO. SPENCER E TRaIk A CO. WHITE, WELD & Co! FIRST TRUST AND SAVINGS BANK, Chicago. ILLINOIS TRUST AND SAVINGS BANK, Chicago These statements presented above, while not guaranteed, are obtained from sources which sre believed to be reliable.