Indianapolis News, Indianapolis, Marion County, 26 April 1920 — Page 20

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THK IXDrAXAPOLIS NEWS. MONDAY. APRIL 2G. 1020.

New York Stock Prices

HI6K COURT DECISION

By Thomson k McKinnon wire. —April 26—

| Alaska Gold.

OTHERS HELPED BY BETTER BANKING CONDITIONS.

Open^

I Am. ^«et Sjifar

High 1*^

Close, i IS I

PRICES UP 25 TO 50C

97^

i Am. Car & Fdy.137% 137% Am. Can 41% 42%

RAILS AND OILS PROMINENT

Average Stock Prices

The average price of twenty industrial stocks Saturday eras 95.7*. up .30 per cent. The average price of twenty active rails was 72.01. up .3* per cent.

Ana. Inter Corp. 92 Am. Cotton (Ml. . 45

Atlantic Gulf... 154 iV Ana. Hide k Uhr 21 % 22 1 Am H. k L pfdl<*2 103 101% 101%

Am. Ice . 45% Am Unaeed 84% Am. Locomotive ■ 97

Am. Smelting... 62 _ Ana. Sugar 132% 133% 132%

39 j

!!$ S | PREDOMINATING SALES OF AV

| EREAGE WEIGHTS $15.50. 45% ? - - ■■———

154% 152% 153

Si 41% 91%

84% Si

Ana. Steel Found. 42 I -Am. Tel. * Tel.. 96% Am. Sum Tobae. 89% Ana. Wool 118 Am. Drug Syn.. 13% Anaconda 57% A T. k 9. F.... 79% Am. Boecb 112 Beth. Steel B 88% Baldwin Loco. ..116 B.,* ***... »»

Stocks were freely absorbed at ma- i nett*, a

torially higher prices Monday. Ini-* m. AhiV, 31% provement Tn the local bank position i Brooklyn H. Tran 13% being a strong factor of the advance. Chee. ft Ohio .. 52 Sales approximated 1.006.000 shares. Canadian Padftc.116%

{ C.. M. ft Si. Paul 33%

\'£w YORK. April 2«.—SteelaJ P™ 1 -*> w ^ 50 |

equipments and motors led the list

Central

C . B I. ft P.

77% 31%

at the strong opening of^today's stock ^ ; r r j|jg| much encouragement in the better; Chino 1 Cojpor ^ local flnaneial situation, as indicated . Chile Copper 1 by last Saturday's returns of the fed- jConao! Gas 83% oral evserve bank and clearing house. Cbaad’er Motors.148'

ed Vana- ! Cols.mmSirnmmmMm

Conspicuous features Included Vana-

Fuel ft I,.

HV 117%

71 33% 17% 84 151

83% 97% 62%

'35

58% 80%

112%

90%

117%

... 34%

31% 35%

13 52 54

116% 117% 33% 34%

57% 79%

.S'’

dium and Lackawana steels. Baldwin Crucible »jee!...236 and Studebaker at gains of 1% to 3% TCsra PrwtocU . 99

States Steel opened

points. United

unchanged, hut soon rose almost 2 points. General Motors took a fore-

most position with the first half hour, advancing 10% points to 309. General Motors extended its rise to 1*% points and most other active Ismade additional gains chiefly at

the expense of the snorts. ‘Activity slackened *on the customary profittaking, but wss resumed when call money opened at 7 per cent. Olla, notshly the Mexican group, food shares as represented by Corn Products and sugar issues, also rails, shippings and

;cn» were in demand, with speies. including textiles. The west a buyer of stocks, although dis-

. fehes from there reported farther reduction of Industrial activity and

movement of railroad tonnsga. Trading switched to rails, particu-

larly the tow priced or speculative is#tie* at midday. Texas A Pacific stood out for its gain of almost t points and investment Issues of the t-r#nseostfnental division, especially 1 nlun Pacific and Southern Pacific,

also showed marked strength. '’osiers took the lead later, Read-

ing rising almost 10 points on ttrs supreme court decision ordering a dissolution of the so-called anthracite combination. Industrials and special• Meg were subjected to further selling

for profit. T«e closing was strong.

lends fa Mew York,

son ft McKinnon's WtreJ

-—April 29—

UhSOI. registered 119301. coupon,.. ' 19471, registered <19471, coupon... M0f51. registered - *• <19251, enupon, . '19£«». registered

sgz* ’ .m*2B

Bid Ask Iftl 102

nat!:

Chtaage Mtneks. nson ft McKinnon . Wire]

'H'iar""Uw. 1 o<m. p % «■*.% 64% 65 ... It* 29% 28 28 230% 229 220 45 44 % 44% 117 116% 117 41 40% 41 29 2(1 26% 98 % 06% 97% 13 12% |3 55% 55% 55% 20 19

IS CLEA8IHQS.

April 28 1919. 52,810.000

week: sterling ■T’S

tsl# paper

steHIni

commerce*I «

Til commemal sisty nd 5552: eel

3m:

1 /

K-t

...

7 per cent low SH.2." Imgelar ee Feris Beerw I —Ttsding was invguler UpfelSdollar was quoted at 16

YeA, 53.19. 29,—Bar silver. 91.19;

COTTON UP 100 POINTS.

AsxMy Ahem

zr^erj,’.

*r on active

S5'»~"w«S r ra.-

bwwflcial 0 but ssoi esused in crop outlook

July and 3.V68,. fw^lVtnb^^ kg 119 point* above Saturday s ' .Koeoitm. ot 25 or 30 but trade internets were ! £•***'« H also said that^heavv't^lels

t the awd of 1 ■ room was

an m central t*?,

«-»ulsted by

f *2Kr* r *&SS l a3 s:

101 to 1*9 points set

May 40.81V: July. December. SA OOc;

Spot—Steady middling.

stesity: S3,99c

'ottwo Future*. MeKinaon • Wire}

IS 38 00

M ^

Close. 34 35 3350 40 90 39.95 57.68 36.43 35 95 35 00

Get row <

UI I.’.V.

r v.v:;::;::

....

9KS*

24.82d;

97.25«

ru,

ht 918.000

ICotw Cane 8u«ar 53% 54% frKL^.-S^ zz .3nL2r7;*8,\* w . I Goodrich 66% ... Greot Xortb Ore 36% 30% Gre.t Morth pfd 74% 76 6uJf 51. Steel .. . 01% .. . Harvester Sew 128% 12g% fierce Oil .... 17- m

Inter. Paper . . 75 % Int. Ifiekel ctl 20% Inepiration Cop. 53% Royal Dutch ..113% Kan. City 9o. .. 15 Keyrtone Tire 33% Keanecott Cop . 28% KetlySpgfld. .,,117% L«« Candy 17 Lw-ka. Steel .. 84 % IfbigbValley - +4 Maxwell Motor 20 % Pan Anser com 93 Me* Petrol ...172 OMs 0ss 40 V.o Pec. 24% Midvale Steel 45% Mo.. K. ft T .. 7% Ita*. in. ft 5t.. 79H

17% 79%

S S

‘B*

54% 29%

115 17% 84% 44%

77% 31% 70% Si .8? 236 15 12%

304% Hi f: 75 .i

51% 78% 32%

Hi II

U5 29%

117

17% 81 % 43%

WEAKER TREND FOR CATTLE

Receipts of Live Stock

Following >s a statement of receipts st the Indianapolis live stock markets for periods indicated:

Hogs.

Bald. Monday 4.000 Offl. wk ago. 5.369 Same day 1919 5.316

Cattle. Calves. Sheep

1.200 1.520 1,459

700 989 381

to 150 Jbe. £14.25; heavy pigs. 90 to 120 14.50 as to weight. Piggy sows almost un-

salable.

LAFAYETTE, Ind, April 26—CattleBest heavy shipping steers. 1,300 to 1.500 Ibe.. 510.00® 12.30: common to medium steers. 800 to 1.000 lbs . 37.00 6 9.50: choice butcher heifers 1.000 lbs., $8.50610.00 j

choice butcher cows, heavy. 58.0061L00., ; 6ILOO^h^vy^Hes.*33006T^OO*' fheep INDICATIONS THAT LARGE EX^Jp^.iV^ ^ood^o ; PORT TRADE HAS, BEEN'DONE.

ON BID BUERE IN RYE

52.50 6 5.00: good laaibe.

SIDELIGHTS ON MARKETS

225 lbs.. $14.60; 160 to 180 Ibe.. $14.00; WET WEATHER

225 to 275 lbs.. $14.50: 275 lbs and UP-

$13.65. 140 to 170 lbs.. $14.75: 100 to 140 , rb. JlO.OOSU OO ,U.7S: roufhe. CH , CACO Apr|1 „ _ AU gr „ n ral ,

-* OP rapidly in price today on account

s Apnl t* ^Inrline a bulge in the rye market. 4.500; slow: generally oOe lower, snipping 1 T n j| f hi,«i 61000- *t«r.k*r* and feeders. 56.00® the spectacular action of rye. Wet,

lompany and the ordered jdissolvi d the -.locks into

Total last wk 43.657 Preceding wk. 11.323 Seme wk. 1919 45.561

7.136 5 632 3.088 1.350 7.588 3.035

SirSi.HSS coU '^iKJ'SrtfnTo fn'JXr. 2,7b

6150.00. Calves—Receipts 4.200 : 50c low-: farm work at a critical time counted er; $6.00617.00. Hogs—Receipts. 20.800; also as a bullish factor and led to “?|75c lower; heavy. .$14.75616.00; mixed j buying on a large scale. Opening -i. i v~-w— v-- rkeT> and pjg.,, ji3 25: few. prices, which ranged from %c to tc

$12.00; stags. $7.00 69.00. | higher for corn, with May $1.71 and «—Receints 9.400: lambs, j j u iy $i.«2 to $1.65, were followed by $13.00@^i.ou. additional gains’ before any reaction

Month to dated15.837 23.826 13.892 1 368 Same 1919.. .179.610 26.130 11.S84 1.774 Year so far.. 784.230 111.255 55.186 20.412 5ame 1919.. .912.299 119.441 44.016 13.864

—Hogs at Eleven Markets—

Estimated Monday 118.000 Same day last week 86.000 Same day 1919 154.000 Same day 1916 123.000 Year to date 10.259.000 Seme time 1919 1* 091.000 Seme tune 1018 11.929.000 ame time 1917 10.414.000

! $16.35: roughs

\n : ?5 eep t** 1 lambe—Receipt o0c kiwer; wool Iambs, * , clipped lamb*. $12.00614.00

changed.

Others un-

LOCISVILLE. April 26 —Hogs—Receipts. 1.861: beet. 325 Ibe. and upward. $14.50; 166 to 225 Ibe.. $15.50: 120 to 155 lbs.. $14.50: pigs. 90 to 120 Ibe.. $12.50 . 90 lbs. down. $11.00. Cattle—Receipts. 611; steers. $8.00612.75; bulls. $7 506 $9.75: heifers $7.506 12.25: cows. $5 00610.00. Calves—Receipts. 29«: best veals $11.00611.50: medium. $7.00 6 9.00: common. $5.00 6 6.00. Sheep and lambs—Receipts. 41; best sheep. $10.00: bucks. $7.00 down: fall lambs. $17.00: s lighter. $12.00614.00: spring lambs. $18.00

1C V C*M*n ft(k tf ».*Air Brake. 101 * M«(. Land ..... 81 Norfolk AW... 91 % XortlMni Pec,,. 77 M Y..M H AH. 28% Preset! S. Car. . 101 Ptert-e Arrow ... 94 PlUabUf* Coal . 50% Psnn K. ■ 40% By Steel ...... 94 % Ray. Consol l*>, SrsLr::;: Stt DKML,- «* South Pacific . . 94%

02 fit*

18% 70 96 % 34%

Southern R Strom berg Studebsker

Tobecro Prod. . «M CO ane-Cont. Oil l^fic .. i Fruit .. I?T SL:: .

I»

CL S. Ind Aloe Lmou Pact Of Xt. K Stores , , Va. Car Chwn Westmghous" White Motors Wabash pfd A

W Overland 21% Wileon Co 97

Fisk Rubber.... 33% Oklahoma Rig * 4% Famous Players 77 Pulf Pataoe Car 116% Weet Maryland. 9 % Tonnes*## Copper 10 Pare Marquette 25

Worth. Pump

94% 07% 94% 21% 22 21% lff% 113% 110%

46 ’ 47 45% 46% 1* IS 17 17% 35% 38% 35% 38%

21«% 212% 212%

30% fi! 30 % 31 90% 98 90% 97% iio% rm

103% 103% 102

99% --

117%

70%

—April 26 —

There were only a few more than half as many hogs Monday as the daily average last week and a good advance in prices was Yhe result, while in other places where receipts were large there was a sharp decline. Local prices were 25c to 50c higher than on Saturday. 25c higher than the last sales of that day and 50c higher than the opening, while at Buffalo with a run of 20,800 hogs the top price. $15.35. was 75c lower than it was last Saturday and $4.15 lower than their top price Wednesday of last week. Normally Buffalo is about $1.00 higher than this market but Monday the local top price was 50c

higher than at Buffalo.

Kingan paid $15.85 for one drove of Hampshire*, outside buyers paid ;3%|$15.75 for a few light hogs and Arntour bought a drove of Hampshires I »t $15.65. Aside from t|iis the predominating Price for the hogs averaging 225 pounds down was $15.50, against $15.00 to $15.25 last Saturday. $17.50 a week ago and $16.00 tw-o weeks ago. A few hogs weighing more than 225 pounds sold at $15.50, but $15.25 was virtually the top price for medium weights, and heavier kinds sold at $14.00 to $15.00. rarely lower than $14.50. Pig prices were practically steady, with the top $15.00. and other sales were from $14.50 down, rarely higher than $14.00. A Hampshire sow sold at $13.00, but the practical top price was $12.25, and most sales were from $12.00 down. Local killers took about 3.000 hogs and the rest of the fresh and layover supply of 5,500 hogs went to outside

account.

Three eastern markets, had

101 %

63%

is% 92% S| Vi 21%

112%

6 30.00

CLEVELAND

2.500: market. __ ^ . $15.60: mixed. $15.60

14 . *

Hogs—Receipts,

market. 25 6 50c lower: Yorker* - J —" —- — medium. $14,006

April 26.-

4J50: plrs. $15.25615.60: roushs. $12.50: a tag*. $9.50. Cattle—Receipt* 700; market. 50675c lower: rood to choice steero $17.00 617JM): good to choice heifera. S9-00 610.00. good to choice cow*. $7006 800 fair to rood cowa. $5.006 6.50: bulls, 89-00 610 50: milchers. $50,006 150.00. Sheep and lambs—Receipts. 3.500; market. 59c tower: top. $18.00. Calves—Receipts.--.000: market. $2.00©2 50 lower: top. $17.00. KANSAS CITY. Apnl 26.—Hors—Receipts. 6.000: slow. 25©50e hirb«^

■her: top. $13.75© 15. Cattle

91 %

lift

71 % 71 %

89%

117

70%

59 * 33% 22 %

32% 4% 77

34% 33%

535

LIBERTY BOND PRICES

t:?

’.34; fourth 4% a. Victory

4 % a.

i nr %*( ^1 fit

90.52; Victory 4%.:

SHORT TERM NOTES

1 National City Company} — April 26—

' Hjr|

Am cotton Oil u# 1924 ... fr*' 7S: | i l £ iS: 11B3 S 1 ’ Am Thread ri*'' 1 Dec*** 6 1028 Pri ' Am Tobac 7s. Mov. f, 1 99%

Am. Tobac 7s. N< Am. Tobac 7f. Ho»

A ska *r%%K*k.

&i; iS?i

Am. Tobae 7a. Nov. 1. 1923 Anr- Fr. 5s, Oct. 15. 1020 98%

iw* ,v !S s?

Belgian «S. 1925 ........ 92 Britiih 5%*. Hsi p:,% British 5%«. Oct. 1. 1922.. 93%

3%s. Oct. j. 1921. 97%

Oeo. Arsen 6*. Feb 1. 1927 82% C. B. ft Q. |t. 4*. July I. 1931 04 % C., R. I. ft P. «!*. 1923.,. . . 90 C. of Parts 0s. Oct 13. 1921 89 % OMMOtoctated Gas 7* 1025 . 1-0 Cudahy 7s, July Id. 1923 . 97% Dold Pack. 7a. Hov. 15. 1920 99%. DoW Pack 7a. Hov. 13. 1921 97 Dokf Pack. 7a, Hov. 15. 1022 97 Doki FbuHk. 7s Nov. 13. 1923 90 - Gt Norm 5a. Sept. 1. 1920 . 98% rHtuk. Val 9a Mar 4 1924 . 92 Inter R T. 7s. Sept 1. 1991 66 Japan*. .*# 4 %*. July, 1925. .. 75% Japanese 4s. Feb. 1925 73% ipL'i'ijr rw* 1 - ss'* Moline 7s. Sept 1. 1921 ... 97 Moline 7s, Sept. 1, 1922. .,. 96% Moline 7s, Sept. 1, 1923. ... 98 Moline 7s Sept. 1. 1924 95% M. T. Ou. 0s. Sept. 15. 1020 98% Proe, ft Gm. 7*;Mar. |. 1921 99% Proc ft Gm 7s, Mar. 1. 1922 99% Pro.- ft Gm . 7s. Mar 1. 1923 99% R. E. ft L. 7s. Sapt 1. 1921 97 *. Cal Bd. 5a. Jau.15.1921 28 97 r-r-LUY^iF"* Rubber 7s Dec. 1. 1923 100%

112 00 : 10 00

than 32,000 on Monday, against fewer than 3.090 s week ago. The total at eleven markets was HS.hOO hogs, against 68.000 a week ago. 30.000 two weeks ago. 154.000 a year ago and 123,000 two years ago.

Hots.

Good mixed 140 lbs. up ave $15 00 6 15 50 Assorted. 140 to 225 lbs. av. 15 50® 15 86 Assorted. 225 to 275 lbs. av. 14 75© 15 50 Selected 275 lbs up 14 00®14 50

Fat hors, weithing down to

140 lbs 15 00615 50 Fat back pigs, under 140 lbs 14 50 down Lght pigs . ... 14 50 down Feeding pig* 14 50 down Sows, according to quality.. 10 00© 12 25 Most of the good sow* 11 75 ©12 00 Poor to best *tag*. 80-lb. dock 10 OO Bales in truck market 15 00

B#*t heavy hog* a year ago. 21 10 Best light hog* a year ago. . 21 00 Most of sales a year ago. . 21 00

Receipts of 1.200 cattle were smaller than usual on Monday. The trend was weak, but only occasionally were sales lower than prices prevailing for the same kinds or stock on Saturday. The weakness was in steers and heifers. The supply of cows was only equal to requirements, and for the third consecutive market day they sold stronger, relatively, than other klads of Seattle used by killers. Good steers up to $13.60, heavier but plainer kinds at $13.25 and lighter or less desirable kinds down to $12.00 were $1.00 or more lower than prevailing prices for the same sort at the high

time recently.

Plain steers at $10.50®11.00 were quoted 50c lower. Aside from odd halfers few sales wel*e higher than $13.00 and not many cows sold higher than $10.50. The demand for bulls was equal to the supply and prices were steady, with sales from $11.00 down. Calves from $15.00 down were steady and the feeder market was

nominal.

A year ago the best steers in Chicago sold at $19.85. heifers and cows at $14.00. bulls at $U.OO and calves at $14.00, so that the steers are now about $5.00 lower, the female butcher cattle $1-00 to $2.00 lower, bulls not more than $1.00 lower and calves fully as high as at this time last year.'

Cattle.

KILLING STEERS—

Extra good. l.fiOO lb* up. *13 75*14 00 Good to choice. 1.250 lbs up 18 25 ©18 60

ml u p

Common to medium. 1.250 A To •<*'««. •i.VwTto 1,200 lbs. . - - - - •••*•* • 11 Common to medium. 1,100

to 1,300 lbs, • Good to choice.

1.000 to

13 00© 18 25 13 00© 13 25 11 76013 50

1.100 lbs. k. 12 50 ©18

to nledit

um. 1.000 to

Fair*good- under i-^£0 ibu. J1

Good to choice yearling*

13 001

12 50 13 00 14 00

GMd to* bmt' onder' SO©' ib*‘. 11 50113 50

Common to medium, under

890 tbs. *• 00©U 00

#9% 98% 100% 98% 98%

98% Good^t^best. 10*° lbs 94 common to medium.

«N j 75% (

«r%

"£ |

97 % Good to choice, under

choice, under 1.030

medium' under

lb*.

Good to

lb*.

Common to

1 050 lb*.

Canner* and cutter*

bulls— *•

Good to best, 1.300 Hw up^

llbaM Fair to ■Iha.H

medium, under LIOO » good bologna*!.

10 50©H 50 9 50 ©10 50 10 00©11 00 8 50© 0 50 5 00© 8 00 10 00©11 25 10 00© 11 00

8 25

9 50

800 lb*.

choice veal*, under

14 00©16 00

• 18 001 ©U 00

New York figs* Cefiee. !5%«.

NEW TORE, April 20.—Coffee -Rio Ho.

steady; May, 14.30#

7. 13 %c. Future*

July. 14.75c.

to medium veal*.

, oSSa^^m^Wv'y ealvei. 9 00

i.ckSIT

$14.30: bulk light* and mediums.

14.40. bulk heavies. $13.23 6 13.90. Cattle —Receipts. 600: native beef steers, steady: top. $12*25: bulk. $11.00612.00: southern steer* strong: bulk. $10,00 6 10-50. top yearlings. $1330: bulk. $12.00613.00: fat beef ehe-etock scarce and steady; Stockers steady. Sheep—Receipts. 6.300: alow: tet

lamb*, strong: best wool lambs. $'-*1

bulk. $10 75© 20.25: fat Texas goats. $< 90.

ST. LOUIS. April 20.—Cattle—Recrtpte.

2.230: steady: top steer-*. 51-00 bulk. $10.75© 12.00: yearling steers ?? steady: canner cows, steady at S4.o0©ou-*. bulls and calves, steady: bulk. $0-00 6 10.50. Hogs—Receipts. 9.500: »0 rtOe higher than last week's close: top.SlaNSo: bulk light and medium Vweights. Sln.OO® 15.75; bulk, heavies. $14.50615.00. Sheep —Receipts. 500: only one deck on sale,

tone, firm; no trading.

CINCINNATI. April 26—Hor*—Receipts. 7.500. steady: heavies. $14©15.00; packers and butchers. $15.25616.00: heavy fat sows. $8.00 ta 11.50: light pigs. $10.00® 15.75: stags. $7.0068 50. Cattle—Receipts. 300. weak: steers. S7.00® 13.25: cows, $6.00611.00: heifers, $6.00© 13.50: calves, steady. $6.00616.00. Sheep—Receipts. 300. steady. $4.00613.00: lambs, steady. $9.00

PITTSBURG. April 26—Cattle—Receipts. 2.400: lower: steers. $13.50® 14^50; heifers. $11.00© 12.50; cows. *9.00© 11.00. Hogs— Receipts. 9.000: steady: heavie*. $14.00® 14 25: heavy Yorkers and light Yorkers. $15.50© 15.75: pigs. $15.25 615.50. Shegp and lamb*—Receipts. 5.000: lower: top sheep. $14.00: top lambs. $17.50. Calves— Receipts. 2.500: lower: top. $16.50. TOLEDO. Apnl 26.—Hogs—Receipts. 2.000; market lower; heavies, $14.50; mediums. $15.00© 16.50: Yorkers. $16.00® 15.25: good pig*. $15.00. Calves—Steady. Sheep and lambs—Slow. DETROIT. Mich.. Apnl 26 —There was no live stock market quotations today because of the embargo on shipment by railroads entenng the aty.

PRODUCE

(The range of prices of eggs, butter sad

due to differences in quotations

poultr> is __

by the various dealers. 1

KGGS—Indianapolis jobbers offering country shipper* for strictly fresh stock, delivered at Indianapolis, 38® 40c a dozen, loss

off.

POULTRY—Jobbers* buying price* tot poultry, delivered it indUnapoh*: Yowl* 33 6 35c: large broiler*. 60c: roosters. 176 18c; stag*. 18c; turkeys. 32 6 36c; duck*. 18©22c: geese. 18c: squab*, a dozen. 11 lbs. to the dozen. $7.50. BUTTER—joooer*' During prices tor packing stock, delivered at Indianapoba. 33©36c. Jobbers' selling prices for creamery butter: Fresh prints. 66 6 68c; storage butlar. June creamery. 69c. CREAM—Indianapolis buyers paying 88 670c a pound for butter fat. delivered at Indianapolis. CHEESE—Jobbers’ eel ling prices: Domestic Swim. 00®62c: Hew York full cream. 35c; brick, 82©38c; Wisconsin limburoer. 87©86c; Wisconsin daisies. 36e: Hew York iimbwgsr. 37©88c; Lon# Horn, 85©80c; NeufcbateL large. $3.05: small. $1$05.

Hew York Grain.

NEW YORK. April 26.—Flour—Strong; spring patents. $13.75 6 15.00: spring clears. $10.50 61150: winter straights. $11,256 12.00; Kansas straights. $13.25614.26. Corn meal—Firm: yellow granulated. $4.25: white granulated. $4.20. Rye—Firmer; No. 2 western. $2.36 f. o. b. New York. Barley— Firmer: feeding. $1.80: malting. $1.90 f. o. b. New York. Buckwheat—Firm: good middling. $4.00 a 100 lbs. Wheat—Steady: No. 2 red and No. 2 hard. $3.05; and No. 2 mixed durum. $3.01 f. o. b. steamer. Corn— Spot, steady: No. 2 yellow, $1.01%. and No. 2 mired. $1.90%. cost and freight New York. Oats—Firm and scarce: No. 1 white, f$1.35 61.40. nominal. Hay—Firm: No. 1. $3.45 ©3.50. Hops—Firm: Pacific coast. 1919. 95e©$1.10: 1918. 90695c. PorkFirm; mess. $43.00643.50: family. $52.00 ©53.00. Lard—Strong; middle west. $19.80©19.90. Tallow—Steady: special loose, 14 %c. Rice—Firm; fancy heaid. 14% ©15c: Blue Rose, fancy, 13%®13%c.

NEW

tied: receipts.

YORK. April 26.—Butter—Cnaetipts, 8.533: creamery higher. .73% creamery, extras 192 score >. 72 % 6

74c

Racking

Eggs— , . V

225: storage picked, extra flrste. 47% 648c;

stock, current make. No. 2.

-Irregular; receipts. 17

05: storage i© , firsts. 46% ©47c; fresh gathered extra firsts. 46% ©47c; firsts. 43 6 46c. Cheese—Finn;

no receipts.

Live poultry weak, no prices quoted. Dressed firm: western broilers, frozen 80© 51e: stags, fresh. 26® 32c: frozen. 37© 42c; fowls, fresh. 33® 43: frozen, 30 ©42c; old rooster*., fresh. 28®29c: frozen. 28® CINCINNATI. Apnl 26.—Butter—Creamery 63%©89%o; fancy dairy, 00c; packing

40c: guineas, young, dozen. $6.00. Eggs— Fresh gathered. 38c; seconds. 36c; goose egg*. 80c: duck eggs. 40c. CLEVELAND. April 26—Butter—Creamery in tube, extras. 68% ©69c; flrste. 66© 70c: prints. 1c higher: seconds. 60©61c; necking. 38® 40c. Egg*—Western flrste. 42 %c. Poultry—Chickens. 45c: light fowla, 40 ©42c; extra. 45© 46c:. rposters. 24c; springers. 43 ©45c. \ LAFAYETTE. Ind.. April 26.—Packers' buying price*: Butter—30c. Eggs—38c. Poultryf—Old cock*. 13c: fowla, 25 ©30c; old tom turkeys. 25c; hen turkey*. 35c; ducks, 15c; geese. 16c; fancy stock worth more. CHICAGO. April 26.—Butter—Weak, creamery. 47®65%c. Eggs—Steady: receipts. 30.000 cases: ftrsts. 41 % ®42%c; at mark, cases included. .39®41c. Poultry about unchanged: springs. 35c; fowls, 34 %c. KANSAS CITY. April 20.—Butter—Creamery ftrsts. 01c: seconds. 58c: packing stock. 39c. Eggs—Current receipts a case. $12.50; ftrsts. 43c. Poultry—Hens. 31c; broilers. 70c: springers. 40c: rooster*, 19c. ST. LOUIS. April 26.—Poultry—Hens. 32c a lb.: springs. 42c: turkeys. 44c: dusks. 33c: g*ese, 18c. Butter—Creamery, 65c. Eggs— 38 %c.

G lbs 1 up

Common^ to fair 1

800 !bq. ....; - -;-••• - Common to fair steer*, u

exces- i gao ibs

- good better*

Federal Reserve Condition.

. . 6 00© .110 OO ©Y

Thomson ft McKinnon Market Letter

—Apnl 20—

Corn Freezing temperatures and exces j ^ save rains have been the important anouve Medium to tit today s corn market. Action wns also * u>

helped by further export huaiaess in rye to medium milker* . . 75 00 and wheat. Recespts of 35 earn being in-1 Stock cates*. W® to 400 lb*. 7 sufficient lor local uses. price* Springs** **•'**•**■ *' some foreign taterwts refusing to follow ; sold at $18.99. steady with recent

the advance in rye Labor 'roubles at prices.

Ihiffalo prevent the receipt of gram from ! Fheep and Lamb*. the weet. The forecast to ter clanring | Good to choice sheep weather. Coneidcnag the weather and the to medium « inability to move grain to seaboard, to- w“tern f«i lambs

get her with the underlying financial ******

tioc. it seems reasonable to expect

back m prices. ©s

Oats—The factors

effective in oats, new record prices paid for cash oats. No 2 white selhngat $1.08 and $1.12 in $t Louis. To som?ex

tent this market will reflect

weather, but nearby

Provisions—Strength in grains was re-

On the other nTmmkrt $1300 |

Itev^'ttemher heavy tknii. 1 40 higher; e*u^y top. $15.70; bulk.

Mkft wsjMand the bank stste looked favorable

under ” { WASHINGTON. April 28.—Combined reft 50© 10 00 Sources and liabilities of the twelve federal

' reserve banks were as follows st the close

9 50©10 00 ’ ot business April 23. accoading to the week-

i ly statement of the federal reserve board:

8 00© 9 qo ‘ a Resources: Gold and gold certificates. 7 00© 8 0b 51801154.000: gob! settlement fund federal

in corn have ben aim

per 500 lb*.

ium latxton.

17 001 ranerwe board. $374,360,000: gold with 35 00 foreign agencies. $112,781,000; total gold 100 00. held by banka. $672,615,000: gold with

reserve*. $1,949,693,000: legal tender notes, silver, etc.. $188,875,000. total reserves. $2,083,568,000: bills discounted i secured by government war obligations'. $1 448.804 OOO: all others. $1,029,378,000. bills bought in open market. $404,672,000: total bills on hand. $2,882,854,000: United States government bonds. $26,797,000; United States Victory notes. $68,000; United States certificates of indebtedness. $267,067,000:

. 9 00

5 00 19 00 18 00 12 00 7 00

Shorn slock valued about $t.i dred lbs. lower than wool stock

took place

The climbing of prices was finally checked by word that exporters had withdrawn from the market. Closing quotations, nevertheless, were strong, at 4%c to 4c net advance, with May $1.73 and July $1.63% to $4.66 Oats displayed independent strength as a result of reports that because of excessive moisture and unseasonably low tempera’ures much reseeding would be necessary. After opening 1 to 2%c higher, including July at 89c to 89%c. the market continued firm. Upturns in the value of hogs and grain lifted provisions. Demand, however, lacked volume. Ou the advance, packers sold lard. Shorts

were the chief buyer*.

July Sept.

I By Thoi RYE—Open. May 2 08

41 1 ft

July *5 02

2 05

CORN— May 1 71 %

1 70 1 65 1 62

l 56 * 1 57% OATS—

May. July. Sept,

PORK— May 36 July 37 LARD—

May 19 85 July 20 60 Sept 21 42

RIBS—

May 18 30 July 19 05

19 02

Sept 19 65

-April 26—

^p|* ] | * Y ^, r .

Wall street believes stockholders in Reading must profit largely by the conversion of the present coal auxiliaries of that road under the order of the supreme court. It believes that the stockholder* would receive a large sum if the properties were sold for cash or a considerable return in stock if they were converted into other corporations. Traders pointed to the course after the Standard Oil Company and the

! tobacco combination were »hen the total value of

Q RULLISn 1 winch the combinations were converted was a*va*s»iwM vai4lly greater than the original selling price J of the parent corporation stocks.

At the New York fur auction sale prices, compared with the spring. 1919. sale, as fo. lows: Badger. 15 per cent, higher: lynx. | 30 per cent, higher wildcat, northern, no change; wildcat, southwestern. 30 per cent, higher: mole, ho change: muskrat, brown. 125 ?>er cent, higher; muskrat, southern, 100 per cent, higher; muskrat, black. 115 tier

cent, higher.

Total stock of corn in Chicago. 1,225.000 bushels, a decrease of 7.000; oats. 2.826,0O0. a decrease of 135.000. The stock market closed strong, the rail issues being led by Reading and the industrials by American Wool. The Tape Says—Ft. Dodge. la., wires: Cold rain and snow. Early sown oats rotting in ground. Considerable reseeding nee- j essary. Too wet to plow for corn. Season fully twenty days late. J. A. Whitehurst, chairman of the Oklahoma board of agriculture, says that, owing to the two inches of rain over Oklahoma 1 Saturday and Sunday, the state has ihe, brightest crop prospects in sev ;ral years. A cable to the New York Tribune esti- j mates stocks of wheat in Russia at 300.- j 000.000 bushels. Wall Street Journal—Commodity liquidation expected to start in fall. 1920 United ; States sugar imports may reach 9.000.000.000 pounds. Great increase in demand. Wall street brokers loans, according to 1 bankers, are below $1,000,000,009, Financial authorities estimate the street's bor-i rowings are around $900,000,000. Louns 1 have declined about $850,000,000 in the I last n>ne months. Brokers' loans are lower now than before the war. notwithstanding securities listed on New York Stock Exchange total many millions more than in the

prewar period.

London Bar Silver. LONDON. April 26—Bar silver. 69%d

an ounce.

Wire)

High.

Low.

C’ose.

2 16

2 08

2 06

2 01 %

04%

04 %

1 73%

1 70

1 66%

I 62

65%

1 59%

1 56

59 %

59%

98 99 %

97%

99%

97%

89% 90

88 %

99% 90

88%

76% 77

75%

89% 76% 76%

90* 37 25

36 60

36 60*

75* 38 05

37 10

37 30

00 80

19 80t 20 551 21 32 18 02* 18 82*

•B.d. * Ask. jNuninal.

19 85 19 40 19 40*

Chicago Cash Grain.

CHICAGO. April 26—Wheat—No.

V ■ WT1-W Wp w HKJtM

northern spring, $3.05. Com—No. 3 mixed. $1.71® 1.71%; No. 2 yellow, $1.75© 1.78 Oats—No. 2 white. $1.08: No. 3 white, $1.06%. Rye—No. 2. $2.16% 6 2.17. Barley—$1.55 (a 1.78. Fork—Nominal; lard.

$19.60: ribs. $17.50 6 18.25.

OTHER GRAIN MARKETS. KANSAS CITY. April 26.—The cash wheat 2c to 4c higher: No. 1 hard, $2.84© 2.94: No. 2. $2.80©2.90: No. 1 red. $2.82 ©2.83; No. 2. $2.80. Com—3c to 4c higher: No. 2 mixed. $1.70® 1.72; No 2 white. $1.716173: No. 2 yellow. $1.75. Oats— Firm: No. 2 white. [email protected]; No. 2 mixed. $1.02 @1.03. Close: Corn—May. $1.6fi%; July. $1.64© 1.83 % : September. $1.57 %. CINCINNATI, April 26—Wheat. $2.96 @2.98. Com—No. 2 white. $1.88® 1.89; No. 3 white. $1.85 6 1 87: No. 4 white. $1.81©1.83; No. 2 yellow. [email protected]; No. 3 yellow. $1.80: No. 4 yellow, $1.77© L79: No. 2 mixed^ $1.79© 1.80; No. 3 mixed. $1.7861.79: No. 4 mixed. $1.76© 1.78. Oats—$1.11. Rye—$2.14. Hay—

$42.50.

DETROIT, /prit 26—Wheat—Cash No. 1 red. $2.90; No. 1 mixed. $2.88: No. 1 white. $2.88. Com—Cash No. 3. $1.73; No. 3 yellow. $1.78: No. 4 yellow. $1.73: No. 5 yellow. $1.69: No. 0 yellow. $1.65. Oats— Cash No. 2 white. $1.13: No. 3 white. $1.12; No. 4 white. $01 Rye—Cash No. 2, $2.20. MINNEAPOLIS. April 26—Flour—Unchanged: shipments. 43.009 barrels. Bran— $51.00. Flax—No. 1. $4.65 6 4.70. WheatCash No. 1 northern. $3.10©3.15. Corn— No. 3 yellow. $1.67© 1.68. Oats—No. 3

FAFAYETTE. Ind.. April 26.—WheatNo. 1. $2.68; No. 2. $2.65. Com—No. 4 or better (63 lbs. to the bushel). $1.59. Oats— White. 99c- mixed, 94c. Rye—No. 2. $1.80;

No. 3, $l.-#7.

TOLEDO. April 26.—Corn—No. 3 yellow, cash. $1.76. Oats—No. 2 white. $1.12® 1.13. Rye—No. 2 cash. $2.12. Barley—No.

2 cash. $1.75. Hay, $2.10. PRIMARY' MARKET!!.

[By Thomson ft McKinnon's WireJ

—April 26— RECEIPTS.

(000 Omitted.)

Milwaukee ... Minneapolis .. Duluth St. Louis .— Toledo Kansas City Peoria Omaha Indianapolis :.

Year ago

Wheat.

Corn.

Oat*.

Flour.

113

110

. . e

.. 58

. . 143

•p

. . 54

78 13

84 18

. . 802

469

548

... 492 1019 SHIPMENTS.

822

Chicago ...

Milwaukee

Minneapolis

144

Duluth . ..

* . .

$t. Lout* .

Toledo Kansas City

4 .... 86

Peoria ...

Omaha ... Indianapolis

80 3

111 8

Total*

.. . . 399

230

Year ago

.. . 2.679 357 —CLEARANCES—

Dom.W.

New York .

• . . .

408

Galveetem

132

Total* ...

Year ago

390

294 479

23 192

total earning assets. $3,176,785,000; bank premises. $12,328,000: uncollected items and

Ana- ! other deductions from gross deposit. $817.

* Chicago tJve Stsek.

CHICAGO. April 26 (U. 8. Bureau of Markets report)—Cattle—Receipts 11.000: bsef and butcher cattle, strong to 25c high

$11 00€ 12.25; ■

026.000: 5 per cent, redemption fund against * * ‘ ‘ notes. $13,438,000; *11

78.000. |otal resources.

balk

strong around

13.00: feeders, dull

Hog*—Receipts. 34.000; market, stew. 25

were light a F was not in have

rate of

hF be reganlad t as a gormal figure, we had one ofSETa

mused a # u b

value to stockholders a tlmfr

s. but we are inclined to look for * itnbute to continuation of the downward

■ There would therefore meet

selling orders

meet the good bulges with

25c higher:

llfi.00 6 000:

bulk

market

handy

wonted lambs, $20 50; prime wooied one to

three year-old wether*. $17.15.

eracR lit* rrocK market?. EVANSVILLE April *6.—Cattle—R». eetpts, fate: market, active and fully steady in all departments. Choice prime steer*. $12.00613.00: butcher steer*, good to choice handy weights, 311.0061250: roe dinar to good. $9 00© 10.50: plain to com man. $7.00© 8.75: batcher heifer*, good to ‘ ' -'haute weights. 39.50# 12.00: medium wd. $8.00# 050; common to plain,

fr 8 00 Calves—K-ceipte. fair:

JbWKpU

to choice calves. $11.00. ■: common. $7.00

$7.006 8.00. Cal

eripte. lately Hb*r*d:~ marhstT a&TEigtMr: , CHICAGO. April 26—Seeds—Timothy paStars, 160 to 250 lbs, 15 caots. lights, Ctevab~ft35JAJ 615Jkt,

federal reserve bank other resources. $5 178.'

56.108.335 000

Liabilities: Capital paid in. $91,354,000; surplus. $120,120,000; government deposits. 542.810.000; due to member*, reserve account $1,856,092,000; deferred availability items. 5589.283.000; other deposits, including foreign government credits. $102,430 - 000: total gross deposits. $2,590,615,000: federal reserve notes m actual circulation. 53.068.307.000: federal reserve notes in circulation net habihty, $180,631,000: all other liabilities. $57,268,000: total iiabiHUes. $6,108,335,000. Ratio of total reserves to net deposit and federal reserve note liabilities combined. 43.0 per cent.: ratio of gold reserves to federal reserve notes in orculation after setting aside 35 per cent, against net deposit liabilities. 4T.7 par cent

Seed Prices.

TOLEDO, April 29—Ctevenaed. prime cash. *28 AO: April. *2850 October. *23.23: December. $22.25. Alsik#—Prim* cash. *30 00: Apnl. *3000. TimothyPrime cash. 1917. $5 35 1918 *5 35: 1919. 55.50: April $5A0: May $5 45; September. $5.70: October. *550: December, $5.50. DETROIT. April 26.—Seeds—Prime clover. $28 A0: October. *23 AO. A lei $29A0. Timothy—SftAO.

INDIANAPOLIS CASH GRAIN. —April 26— The bids for car lot* of grain and hay at the call of the Indianapolis Board of Trade were: Corn—Strong: No. 3 white. $1.83%; No. 4 white. $1.80%« No, 3 yellow. $1,796 L80V^ Ho. 4 yellow, $1.78: No. 3 mixed. Oats—Strong; No. 2 white. *1.12%. Hay—Strong: No. 1 timothy $39.50® 40.00; No. 2 timothy. $35.50639.00; No. 1 light clover mixed $38.50639.00: No. 1 clover mixed, $38,00 6 38A0 —Inspection*— Wheat—Ho. 2 red. 2 cars; sample. 2 cars Total. 4 cars. Gorr^-Np. 1 white, 1 car: No. 2 white. 3 cars: Ho. 3 white, 10 cars: Ho. 4 white 2 ear*: No. 2 yellow, l car; No. 3 yellow. 13 cars: No. 4 yellow 9 cars; *ample yellow. 1 car: No. 2 mixed. 1 car; No. 3 mixed 1 car. Total. *2 car*. Date—No. 1 white. 1 car; No. 2 white, 42 cars: No 3 white 2 cars. No. 4 white. 1 * ■««*1 I car: No. 2 mixed. 1 car. Total 48 car*. uJ5Ei“c^T.a , y£,. 1 — *• 3 PRICES AT THE HAY MARKET —April 26— The following are the Indians poll* price* of hay and grain by tbs wagon load: Hay—Loose timothy. $36.00©38 00 a ton: mixed. *34.00636.00; ciov«r $35.00© 36.00. Corn—$1.70® 1 AO a bushel. Oats—$107® 1 AO. Straw—Wheat, $6.0060.00 a ton: oats *1400615.00.

OTHER MARKETS ON PAGE 21

tfS . MAIN SPRINGS *>5^-^. GCARA*TEED ONE YEAR $1.00 and Up* 'Burton Lo^nS Jewelry Co. 68 Monument Place.

TW TON - TAXABLE, 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.

The Fador of Safety

'"TO the careful investor ^ the appeal of an attractive interest rate is a determ' ining factor only after the unquestioned safety of his principal has been establish^ ed. A conservative invest* ment must conform to this inflexible standard. We own every security wc offer, and the fador of safety has been established by our own investigation before acquiring it. We shall welcome an opportunity to explain to you the relation between income and safety, and our policies and methods in determining what we shall buy and offer. Send for current issue of “ SOUND INVESTMENTS " describing our offerings in detail Fletcher American Company Capital 11,500,000 Fletcher American National Bank Building INDIANAPOLIS

LIBERTY BONDS HAUEISEN & JEWETT, 412 Fletcher Trust Bid*. Main 3698. • Automalle 23-498

»-

-q

REAL ESTATE SECURED tILm. Investments .— We have an attractive issue of preferred stock to net 7%, secured by real estate bonds and mortgages. Dividends payable semi-annually. Wilbur A. Royse Investment Co. Aatharlaefi Capital. fiSfiO^OOJW 849-50 Lemcks Annex. Indiana poll*, lad.

OLD RELIABLE TINTED LEAD

Wz'-ri

•••

Old Reliable tinted lead will not cost you pvsr 12 90 per gallon, when thinned down ready for use. This is 100% pure linseed oil paint and 1* of far better quality than the other paints that are selling at $0.00 and over per gallon. So why not buy the best when It costa you less? Seeing Is believing. Come and let us show you this paint. Marion Paint Company S$8 8. Meridian, First Door South of Elevated Tracks. Main 7599; Auto. 27-779. Branch Store—128 N. Alabama. . Main 888. Pure Linseed Oil, $ 1.90 per gallon, when bought with paint, cash at *toee. This t* strictly pure oil, sold under U. B. pure food tow.

JANES E. BENNETT A AA grain, provisions VI || STOCKS AND BONDS Vaa ■ ■ ■ ■ Members Chicago Heard ot Trade. wP WW ■ Members New York ttoek Bxeluuur* 332 South La Salle Street, Chicago 211 Merchant© Exchange 11 Board of Trad© ST. LOUIS— Private Wirt. -HOHW

INDIAN APOLiiTcORRRlfPOTfDBNTt

McCARDLE-BLACK CO.

MERCHANTS' INDIANAPOLIS

GRAIN COMMISSION 717-718 BOARD OF TRADE

MEMBERS BOARD OF TRADE

BRANCHES

Frankfort

CrswfordfiTille

Parte, m.

WAGON WHEAT PRICES.

—April 20— Indianapolis flour mills and grain elevators are paying $3.70 for Ho. 1 red wheat: $2.07 for No. 2 rad and $2.02 for Ho. 3 red. Other grade* m time merit*.

Doe* your money work as hard as you do? Doe* it earn on as high a scale as you do? Do you sell your services at half price? e Think these questions over. We ask them to call attention to the fact that it might as well be bringing in 7%. We use our funds in financing building loans and we turn the money over three to four times a year. That is why we guarantee 7% to our stockholders and it is why we may earn on as high as 15%. The stock is tax free and non-assessable. We are offering some of it for sale because the demand for housing is so great that builders can not finance all their project*. We have more business than we can handle with our present resources, and we are offering this 7% investment in order that we may put more money to work in the housing movement. If this means of earning a high return on your money interests you, fill in this blank and mail us the advertisement. There is no obligation on your partNAME ADDRESS

AMERICAN MORTGAGE COMPANY 5 East Market Street ImdlaBapelf*

For Safe and Profitable Investment We Recommend $250,000 * ^ • The Unsold Portion of $1,000,000 7% Tax Free Preferred Stock 7% arid2,SOOShares Common Stockof MEYER-KISER CORPORATION Indianapolis, Ind. For the first time in its twenty-five years of successful business, an opportunity is offered the investing public to participate in the profits of the Meyer-Kiser organization. Meyer-Kiser Corporation has been organized with a capitalization of $1,000,000 preferred stock and $900,000 common stock to take over certain profitable departments of the MeyerKiser Bank. Earnings of one department alone for tne past year show the preferred stock dividend earned over four time, or a balance/ after preferred stock dividends, equal to about 46% on the common stock. Stringent sinking fund provisions safeguard the preferred stock. No promotion or underwriting expense is to be charged the Meyer-Kiser Corporation by Meyer-Kiser Bank. / The stock is exempt from all taxes in Indiana and the Normal Federal Income tax. PRICE: . One share of preferred stock (par value $100) and one share of common stock (par value $10) can be purchased for $100 plus accrued interest ©a the preferred stock. Detailed Information On Requeet MEYER-KISER BANK Indianapolis, Ind.

wInIb y