Indianapolis Times, Volume 32, Number 266, Indianapolis, Marion County, 16 March 1920 — Page 10

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STOCKS SHOW STRONG TONE Market Starts Off Higher With Good Demand. NEW YORK, March 16.—Thera was urgent buying of the entire list at the apening of the stock market today, causing advances of from fractions to over ten points. The oil stocks were the most promt nent, Texas Cos. selling ex-divideud 2% per cent, yielding to 209 V; at the star; and then skyrocketing to 219%. Mexican Petroleum rose five points to 193; Pan American Petroleum 2% to 981*. while gains of over 1 point were made in Royal Dutch, Sinclair and Middle States 00. Stael common rose % to 99% and Baldwin 2% to 126. Crucible, after selling ap 6% to 251 %, fell back to 248. General Motors rose o'* to 330; Stude baker over 3 points to 102, and Pierce Arrow 1% to 65%. American Sumatra contined in demand advancing 2% to 99. Industrial Alcohol was nearly 3 points higher at 9- s: ki American Woolen rose points to 131. and United States Ituhber 2 points to 109%. Southern Pacific was the most active of the rails, gaining 1% to 101-'v The market continued active' and strong during the greater part of the forenoon, although some sharp recessions from the high levels occurred near noon. Crucible Steel was in supply aud after selling at 251%, dropped to 23T. Steel common sold above par aud then dropped back to 99%. Losses of 1 point from the high levels occurred in the other steels. Mexican Petroleum advanced further to 395%, and Pan-American Petroleum to 99%. Texas Company, from its high of 259’*, reacted to 214%. The railroad v-!<v'ks made advances of about 1 point. The market had quite a severe break in the afternoon, most of ihe active issues losing from 1 to 5 points, but in the late afternoon recoveries were in order. Steel common fell to 98%. rallying to 99%. Baldwin Locomotive dropped :ic:.rlv 5 points, to 121%, then recovered to 123. Crucible, from a morning hie 9 of 252, broke to 233%. recovering to 237. General Motors yielded from 333 to 321 V. and Rtudebaker fell over 2 points to 100%. Texas Company after selling up 10 points to 219%. fell to 211%. and Mexican Petroleum broke nearly 6 points to 189%. International Paper was a strong exioption. advancing 3 points at '■o%. The market closed weak. Government bonds unchanged; railroad and other bonds weak. NEW YORK LIBERT! BONDS. NEW YORK. March 16.—Lib-rty bond quotations; 3%5, 96.16; first 4s. 9050: second 4s. 59.42: first 4%-. 91.06; second 4%5. 89.88: third 4%~ 93 04: ; -nrtb 4%*. 80.02; Vlctorv 3%5. 97.60; Victory 4 , . 97.54. NEW YORK METALS. NEW YORK, March 16.—Copper Qniet; spot, March. April May and dune offered at 18%c. Lead —Quiet; spot. March, April and May. 9%c bid. Spelter —March, April, May and June, [email protected].

MOTOR SECURITIES. (By Thomson & McKinnon.) —Opening— Bid. Ask. Briscoe 6? Chalmers com 5 Packard com 2 26% Packard pfd 94 95 Chevrolet 350 500 Peerless 40 45 Continental Motors c0m..... 11 % Continental Motors pfd 109 192 Hupp com 44% 13 Hupp pfd... 100 103 Reo Motor Car 27 27% Elgin Motors...™ 8% 9% Grant Motors 9% 10 Ford of Canada 410 420 United Motors 40 60 National Motors 20% 21% Federal Truck 67 72 Paige Motors 41 43 Republlo Truck 41 43 ACTIVE OIL STOCKS. (By Thomson & McKinnon.) Opening Bid. Ask. Anglo-American Oil 27 28 Atlantic Refining 1550 1600 Bome-Scrym ser 425 440 Buckeye Pipe Line 94 97 Chesebrough Mfg. Cons 230 245 Continental Oil, Colorado.... 635 665 Cosden OH and Gas 9 9% Crescent Pipe Line 32 34 Cumberland Pipe Line.. 145 153 Elk Basin Pete 10 10% Eureka Pipe Line 138 113 Galena-Signal Oil, pfd 95 98 Galena-Signal OH, com 67 Illinois Pipe Line 180 no Indiana Pipe Line 97 100 Merritt Oil 20% 21% Midwest Oil 1% Midwest Rfg 173 175 National Transit 29 31 New York Transit IN'. 199 Northern Pipe Line 100 104 Ohio Oil 380 390 - Penn.-Mex (K* 64 Prairie Oil and Gas 715 730 Prairie Pipe Line 270 280 Sapulpa Refg 5% 5% Solar Refining 410 430 Southern Pipe Line 148 153 South Penn Oil 345 355 Southwest Penn Pipe Lines.. 86 90 Standard Oil Cos. of Cal 348 353 Standard Oil Cos. of Ind 875 890 Standard Oil Cos. of Kas.... 620 050 Standard Oil Cos. of Ky 44u 465 Standard Oil Cos. of Neb.... 525 510 Standard Oil Cos. of X. .T. -75 <BS Standard Oil Cos. of X. V. 'TO 180 Standard Oil Cos. of 0hi0... tti 525 Rwsn & Finch 95 100 Union Tank Line 128 133 Vacuum Oil 445 455 Washington Oil 37 42

Demand Sterling Opens Up 2 Cents NEW YORK, March 16.—The nominal quotation for demand sterling here to day was $3.67%, up 2 rents. Marks were quoted at .012.", up .001! Demand sterling opened at S3 69V. up 4, Franc checks 13.42, up 11 and lire checks. 18.27. Demand sterling later was quoted at $3.70, up %c from the opening. Today’s Market Gossip Minneapolis wires that cash wheat is 5c lower; corn, 103 c higher; oats and rye, unchanged. Authorities in Washington harp instructed the eastern railroads to furnish 300 cars per day during March for the movement of grain east. Washington wire says tiint a retre active tax on the privilege of issuing dividends in stocks was discussed by the bouse ways and means rommitree .oday, as a means of making up losses In revenue caused by recent, supreme court decision that such dividends are nontaxable. New York dispatch says: “A little more time money la said to be coming Into the market, which is readily taken, flood demand, with borrowers bidding per cent for industrial loans and 8 to 8% for mixed collateral; renewals sre arranged at. these rates for both •lasses of loans." Grain letter by wire from Chicago says (hat premiums for <-ash corn have been Urgely overcome, new shipping demand does not follow the advance. All of which suggests that realizing sales are in order. The May oats will probably be compelled to adjust themselves to the cash prices, exactly as corn did. Receipts are scarcely large enough to meet local consumpStoek letter by wire from New York says: “A natural incident in a rising market is the rumor of something good ! to come Just as in a declining market we have the trouble rumor. The public s accustomed to It. expect It and make guse of It, but after all the real basis for a rise or decline Is found in the condition of business. If business todav was poor all the stock dividends would not produce the desired result and with business as il is the market would be strong and advance without the stock dividends. The very scarcity of rnonev is an incident of big business and if any one has any doubt aa to the present state of trade all be needs is to try to secure Immediate delivery of some of our man- j ufactnred products. It is for this reason j that I look forward to a continuation of i {‘a**** 1 * k-t ** muss *•*

TODAY’S MARKET NEWS IN y.RIEF NEW YORK STOCKS. Market opened active with brisk demand for all leading Issues. Trading continued animated and prices. were strong. Market broke in afternoon, but later showed recovery. Firm foundation of confidence that has been chief support of past week, shaken by bearish raid of afternoon and close was weak. GRAINS. Indianapolis Cash—Corn./strong, l@3e higher; oats, strong, 2@3c higher; hay, firm. Chicago Cash—Corn. l@sc higher; oats, l%@2c higher. Chicago Futures—Corn, 2%@3c higher; oats. 1%@1%e higher. Toledo Cash—Corn, l%c higher; oats, lc higher; rye, lc higher; barley, unchanged. LIVE STOCK. Indianapolis—Hogs, 25c higher; cattle, steady to 25c lower; calves, higher; sheep, lambs. 25c lower. Chicago—Hogs, steady to 10c higher; cattle, 25c lower; sheep, steady. PROVISIONS. Chicago Board of Trade —Pork, !o@soc higher; lard, 15t020c higher; ribs, B@loc higher. Local Stock Exchange STOCKS. Bid. Ask. Ind. Ry. A Light com 00 Ind. Ry. & Light pfd 90 96 Indpls. & Northwest, pfd 75 Indpls. & Southeast, pfd 73 Indpls. St. Railway 46 50 T. 11.. T. A- Light pfd 76 I 11., I & E. com 1% 6 * . H., I. AK. pfd 9% 10 C. T. of Ind. com.-.. 1 1\ T. of Ind. Ist pfd 5 11 C. T. of Ind. 2d pfd 2 Advance-Kumely Cos. com... 39 ... Advance-Kumely Cos. pfd Am. Central Life 235 Am. Creosoting Cos. pfd 97 Belt Railroad com 110 120 Belt Railroad pfd 53% Century Bldg. Cos. pfd 99% ... Cities Service com Cities Service pfd 70% 71% Citizens Gas Cos., 1917 34 Citizens Gas, prior to 1917.. 34% ... Dodge Mfg. Cos. pfd |i Home Brewing 50 Indiana Hotel c0m.... GO ... Indiana Hotel rfd 99 lud. National Life 4% Ind. Title Guaranty 64 72 Indiana Pipe Line 92 Indpls Abattoir pfd 49% 52 nr unapo'is t.as 53 56 Indpls. Tel Cos. pfd 69 <5 Indpls. Tel. Cos. pfd 69 78 Lcwcke Realty Cos. pfd 95 ... Mer. Pub. I til. Cos. pfd 55 National Moior Cos 20% 22% Natl. Underwrit Cos ... Public Savings 2% ... Uauh Fertilizer pfd 50 ... Standard Oil Cos. of Ind 874 Sterling Fire Insurance 8% 10 Stut* Motor Cos Van Camp Hdw. pfd 99 Van Camp Pack, pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 99 Vandalta Coal com 5 Vandalia Oual pfd 10 Wabash Railway pfd Wabash Rallwa ycom 9% ... BONDS. Broad Ripple 5s 52 ... Citnsens Street Ry. 5s 79 83 Ind. Coke A Gas Cos. 6s 92 ind. Creek Coal A Min. 65.. 98 Ind. North 5s ... ...' Ind. Union Trac. 5s Indpls., Coi. A South. 55.... 88 ... Indpls. A Greenfield 5g 95 ... Indpls A Martinsville 55... 55 Indpls. A- North. 5s .35 41% Indpls. A Northwestern 55.. 53 ... Indpls. A Southeast. 5s 44 Indpls.. Shelby. A S. E. 5s indpls. Street Ky. 4s 59 65 Indpls. Trac. A Ter. 5s 61% 74% Kokomo. M. AM. 5s 85% .“6 T. H., I.A E. 5s 68 inion Trac. of Ind., 5s TO Citizens Gas 5s 79% 82% Ind. Hotel Cos. 2d s 97% I(H% Indpls. Gas Cos 71 ’ ho Ind. L. A II 5s 79 ho Indpls. Hater os 89 93% Imlyls Water 4%s 72 77% M. H. AL. ref. 5-s 89% 93 New Tel. Ist 6s 93 * New Tel. 2d 5s 98 New Tel. Long Dist. 5s 91 South. Ind. Power 6 91 ... BANKS AND TRUST COMPANIES. Aetna Trust 100 108 Bankers Trust U 7 City Trust 80 Commercial National 72% ... Continental National 111% ... Farmers Trust 390 Fidelity Trust 116 Fletcher American National 237 ... Fletcher Sav. A Trust C 0... 167 Indiana National 286 296 Indiana Trust 206 ... Live Stock Exchange 382 ... Merchants National 201 * ... National City 114 Peoples State 176 Security Trust 115 ... State Savings A Trnst 01 100 Union Trust Cos 308 Wash. Bank A Trust Cos 131 LIBERTY BONDS. Liberty 3%s 96.00 ..... Liberty first 4s 90.30 Liberty second 4s 89.40 Liberty first 4%s 91.06 Liberty second 4%s 80.92 Liberty third 4%s 92.98 93.14 Liberty fourth 4%s 90.04 90,20 Victory 3%s 97.56 97.70 Victory 4%s 97.00 97.70 SALES. 20 shares Indpls. St. lty 50 3 shares Indpls. St. Ry 3

Local Bank Clearings Tuesday $3,049,6041 Same day last year 2,009,000 Increase over last year $1,040,000 Weather in Other Cities Bar. Temp. Weath. Atlanta, Ga 30.06 56 Cloudy Amarillo, Tex 29.86 32 PtCldy Bismarck, N. D.... 29.70 12 Snow Boston, Mass 30.00 44 Cloudy Chicago, 111 29.52 40 Clear Cincinnati, 0 29.78 50 Rain Cleveland, 0 29.68 44 Cloudy Denver, Colo 29.92 20 Clear Dodge City. Kas... 29.92 32 Clear Helena, Mont 30.10 16 Clear Jacksonville, Fla... 30.20 62 PtCldy Kansas City. M 0... 29.80 10 PtCldy Louisville. Ky 29.80 50 Rain Little Ro*k. Ark... 20.74 1 66 Cloudy l.os Angeles, Cal... 29.86 48 PtCldy Mobile, Ala 30.00 64 Cloudy New Orleans, La... 29.96 68 Cloudy New York. N. Y... 30.00 , 48 Cloudv Norfolk, Va 30.18 58 Cloudy Oklahoma City 29.86 46 Cloudv Omaha, Neb 29.72 34 Clear Philadelphia, Pa... 30 00 52 Cloudy Pittsburg, Pa 29.88 46 Cloudy Portland, Ore 29.74 38 Clear Rapid City, S. D... 29.94 20 Cloudy Rosebttrg, Ore 29.66 34 Rain San Antonio, Tex.. 29.76 64 Cloudy San Francisco, Cal. 29.22 46 Clear St. Louis, M 0...... 29.78 56 Cloudy st. Paul. Minn 29.26 IS Snow Tampa. Fla 30.18 62 Cloudy Washington. D. C. . 29.98 50 Rain observations taken at 7 a. m.. March 16. 1920, by I'uited States weather bureaus.

The storm center noted Monday morning has moved to the upper lakes region. It lias caused high winds generally in the north-central states, warmer weather over eastern sections, and moderate to heavy rains In the Ohio valley and lighter precipitation thence northwestward to central Canada. The following field of high pressure has brought decidedly odder weather southeastward to the middle .Mississippi valley, and zero temperatures are again present In central Canada. However, the readings in the northwest are not generally mud) below the seasonal normal. Another barometrie depression which is present In the western plateau is causing general rains along the Pacific roast. E. IV. HOLCOMB. Obsasrar. JOINT CONFERENCE RESI.MIP NEW YORK, March 16.—Tha Joint conference of operators and miners* representatives seeking adjustment of demands made by miners In the anthtarlte wii resumed here today. The nm tejumi f

HOG PRICES UP GOOD 25CENTS Cattle Steady to 25 Cents Lower for Heavy Steers. RANGE OF HOG PRICES. Good * iuoc Good Mar. Mixed. Heavy. Light. 9. $15.00 @ I$.X5 [email protected] [email protected] 10. 15.00015. St 14.50 @ 1 9.75 15.75@1500 11. 15.26 @ 16.00 14.50 ® 1 5.85 15.85@1M>0 12. [email protected] [email protected] [email protected] 13. 16.25® 16.50 [email protected] [email protected] 15. [email protected] 14.50 @ 1 5.25 16.00 16. [email protected] 15.00 @ 15.25 [email protected] Receipts, 5,000; market, 25c higher. With local packers actively in the market at the opening prices were generally 25c higher. Outside interests again deserted the market, but the receipts of only 5,000 proved too small to warrant any holding off waiting for terms. Buyers appeared to be In a hurry to get their quota of the run and receipts were cleared in short order. Hogs weighing 160 to 200 pounds sold at .$16.25; 200 to 225, $16.15; 225 to 250, 816. with the hulk of sales at $16016.25. Top price was $16.35. Good heavy hogs brought $15015.25; pigs for 115 down and sows sl3 uown. Cattle. Receipts. 1,000; market she stuff heavy; heavy steers. 25c lower. There was a good active cattle market, with the appearance of outside buyers acting as u stimulus to any lagging tendency that might have developed. Receipts of 1.000 were an added steadying in flue nee, although some of the heavy steers were neglected and finally cleared 25c lower. Bulls were fully steady, as were also feeding cattle, cauners and cutters. Calves. Receipts, 300; market $1 higher. There was a strong market for calves, with the small run rapidly disposed of at prices that stood generally $1 higher titan on the opening day of the week. With tlie light receipts buyers engaged in active competition to get their portion and the sellers came out ou the long end of the game. The bulk of veals sold at $19(320. with the top at $21021.50. Heavy stuff was quoted at s9@l2 and the medium grades at $l4OlB. sheep. Receipts, 400; market, lambs. 25c lower. There were only two decks of western lambs in the market aud they cleared at $18.75, 25c lower. With no sheep In the market little interest was shown. CATTLE. —Steers— Crime cornfed steers. 1,300 lbs and up. $13.50014 00 Good to choir. steers. 1,300 lbs aud tip... [email protected] Good to choice steers, 960 to 1,200 lbs H [email protected]) Common to medium steers. 1,100 to 1.200 lbs 10.tt>@ll..*0 Common to medium steers. •juO to t.OOp lbs [email protected] Good to choice yearlings 11.00013 00 —Heifers and Cows—flood to choice heifers 11.00013.50 Fair to medium heifers [email protected] Common to light heifers 8.. V <ti 9.30 Good to choice rows 9.50011.50 1 air to medium cow* 8.500 9.25 fanners and • utt'-rs 5.0007.34)

Bulls md Calves Good to prime export bulls. 9 000) U.ttJ Good to choice butcher bulls 8.500 900 Bologna bulls 7.000 s.u> Common to best veal calves 14.000 21.00 Common to Ixist heavy valves 7.00012.90 —Stockers and Feeding CattleGood to choice steers. 800 lbs and up 10.00011.00 Common to fair steer*. 800 lbs and up 9.000 9.50 Good to choice steers, under 800 lbs 9.50010 00 Common to fair steers, under 800 lbs 8.000 9.25 .Medium to good cows.. 6.250 7.25 Medium to good heifers ... 7 000 7.50 Fair To best bilkers 75.000125,00 Stock calves. 250 to 450 lb*. 7.00010.00 HOGS. Good to beat heavies, 250 in average up 15.00015.25 Good. 200 to 250 Ibs average 16.00016.15 Good to choice hogs. 450 to 200 lbs 1&25g 16.35 Common to l>est lights, down to 130 ibs [email protected] Roughs and packers 11.00013.25' Bulk of sows 12.75013.25 Best pigs, under 140 lbs 14.0-1g7.15.0i) Light pige . .. 14.35 ilowu Bulk of good hogs [email protected] SHEEP AND LAMBS. Good to choli'e sheep 9.000 9.50 Common to med.um sheep... .3 1 he<; s.oo Good to choi-'t* yearilngs. 13.000 H tk* i.’ouunou to uiediu.., yeuriptgs [email protected] Western f---l lainhs 18.iKi'q 18.75 UOI) I to choice iamb- 17.50018.00 Common to m-Ciuui lambs... 14.04Ka1i.00 Bucks, per Its) Ibs 7.'X)@ s <>o

Other Live Stock f CINCINNATI, O, March 16—Hogs— Receipts, 2,200; market 250,50 c higher; heavy, $15016; mixed and medium, $16.50; lights, sl6; pigs, sl4; roughs. $1250; stags, $9. Cattle -Receipts, 750; market, steady; bulls, strong; calves. *2O. Sheep—Receipts. 100; market, steady. j a CLEVELAND, March 16.—Hogs— Re celpts 1,500: market 15025 c lower; v**rk ers, $16.25016.35; mixed. $16.25016.35; medium, sls; pigs. sls; roughs. $12.50; stags, $0.50. Cattle—Receipts, 200; mar ket strong. Sheen and lambs- Receipts, 200; market steady: top, sl9. Calves Receipts, 200; market $1 higher; top, S2O, CHICAGO, March 16.—Hogs Receipts, 35,000, market steady; bulk, sl4 600 15.70; butchers. $12.75013.25; packers. $12.60013.15; light, $15.30015.85; pigs, $l3O 14.50; roughs, $12012.50. CattleReceipts. 18,000; market slow, 25c lower; beeves. $9.50015.40; butchers $70,13.25: Canner s and cutters, t 4.9097.50; stock ers and feeders. $7.50011 ; rows. S7O 12,25; calves. $10.25017.25. Sheep Re ceipts, 11.000; market steady; lambs, $14019.35; ewes, $6014.25. PITTSBURG, Pa., March 16.—Cattle Receipts, fair; market, active; choice, sll @14.50; good, $12.50013.50; fair, $9,500 10,50; veal calves. $20020.50. Shi top and lambs —Receipts, steady; market, strong; .prime weathers, $13014; good, $13014; fair mixed, $10012; spring lambs, $l3O 20. Hogs—Receipts, 15 doubles- market, lower; prime heavies, $15.25015.50; me dlums, $1.500>16.75; heavy yorkers, $16.50 016.75; light yoirkers. [email protected]; pigs, $15.25015.75; roughs, $12014; stags, $9 010. BAST BUFFALO. N. V.. March 16. Cattle—Receipts, 325; market slow; • asier; shipping steers, $13011.25: but eh et grades, $8.50018: cows, SlO 1070. • 'alves Receipts, 500; market active 50r higher: mils to choice, 56024. Sheep and lambs—Receipts, .4,000; market sh.w, lower; choice lambs. $20020.25; culls to fair, $16019,50; yearlings, sl6 018.25; sheep. $6016. Hogs—Reeepits, 4,000; market active; 25030 c lower: yorkers, $16016.50; pigs, ~ $15.50016; mixed, $16.25016.50; heavies. $15016, roughs, $12013.25; stags, S9OIO. EAST ST. LOUIS. 111., .March 16. Cattle —Receipts, 5,200; market prospects lower; native beef steers, $10.50013.75; yearling beef steers and heifers, %Wai l i; cows. $9,750 11.75; Stockers and feed ers, $10011.50; calves, $15.50017; oanliers and cutters, $4.7506.50. Eggs - Receipts. 9,000; market 10015 c higher on lights: mixed and butchers, $15.25 0 15.95; good heavies, $14.50015; rough heavies. $11.750.12.75; light, $15,650: 15.95; pigs, $12.50015.50; bulk of sale., $15.5001585. Sheep- Receipts, 13500; market prospects lower; ewes, $13750 14; lambs. $19019.50; canners and cutters, $508.30.

State Farmers Join in Listing Livestock The Indiana Federation of Farmers' associations has evolved a plan for a cooperative livestock reporting service, wokring in conjunction with the fnited States department of agriculture. All cattle, sheep and swine from each town ship in the statp will lie listed with a number used for brood purposes, approximate dates the stock will be ready for the market and other information. IsPCA.Ii HIDE MARKET. Green Bides—No. 1,18 c; No. 2,17 c. Green Calve*—No. 1. 40r; No. 2, 38Uc. c "~*

INDIANA DAILY TIMES, TUESDAY, MARCH 16, 1920.

CAR SHORTAGE BOOSTS GRAINS Cash Prices Higher Set Pace for Futures Market. CHICAGO, March 16.--Cash corn set the pace in a rising grain futures mar ket on the Chicago Board of Trade today. Cash corn was 5c higher, largely because of car shortage, with consequent lack of supply. Provisions followed the grains March corn opened at $1.55%, unchanged, and later rose 2%e. May corn, after opening %c up at $1.53%, advanced 2c. duly corn opened at $1.46%, up lc, and advanced to $1.48%. September com was unchanged at the opening, $1.41%, and later rose 2%0. May oats opened at 84%c, up %e, later advancing 19>tc. July oats was %c up at the opening, 77%c, and later rose I%c. New high prices were again reached for the corn futures bevond March, and the latter was at the highest level since last March. Net gains were 2%@3c for com. Oats were up %c@l%c. Hog products were better all around. CHICAGO GRAIN. —March 16CORN—Open. High. Low. Close. Mar 1255% 1.58% 1.55% 1.58% t 2% May. 1.53% 1.56% 1.52% 1.55% t 2% 1.53% 1.55% July 1.46% 1.49% 1.45% 1.48% t 2% L 47 1.48% OATS-, May. 81% 86% 84% 85% fl% 85 July 77% 80 76% 78% tl% 77% 75% PORK— May. 35.80 36.00 35(50 36.00 t .50 July 85.50 35.80 35.50 35.75 t .10 LARD— May. 21.45 21.67 21.45 21.65 t .15 .1 illv 22.20 22.35 22.12 22.33 ♦ .20 RIBS May. 18.55 18.75 18.55 16.65 4 .10 July 19.22 19.27 19.10 19.15 t .08 tlncrease over yesterday's close. CHICAGO CASH. CHICAGO, March 16.—Wheat—No. 3 hard winter, $2.43; No. 4 northern spring. $2.35: No. 5 northern spring. $2.35. Corn No. 3 mixed, $1.55; No 1 mixed, $1,530 1.56; No. 3 white, $15901.60%; No. 4 white, $1.55@L56: No. 3 vetlow. $1.58% @1.61; No. 4 yellow. $1.54%@1.59 Oats No 2 white, $4%@95%; No. 3 white. 93 (a 91%; No. 4 white, 5M<-; standard. 86c. TOLEDO CLONK. TOLEDO, O March 16. Corn—No 3 yellow, $1.62; Oats No. 2 white. 98@99r. Barley- No. 2 cash. $1.57. Rye- No 2 cash. sl7 1. A Ist ke Cash. April and May. $35.20. Cloverseeil Cash. $34.25; March. $34.2t>: April. $33.75; October. $33 35 t imothy 1917 Hnd 191s cash, $5 95: 1919 cash. $6 15: March $6 15; April. $6 12%; May. $6.07%. Butter—73c. Eggs—t6e ; hay, $)2.

PRIMARY MARKETS. (By Thomson A McKinnon.) March 16. - Receipts Wheat. Corn. Oats, fhicago .... 30.000 338,000 131.000 Milwaukee ... 23.000 450.000 14)2.000 Minneapolis.. 177.<**> 26,000 16,000 Duluth 7 ISI St. Louis.... 5.3,000 if. into 84.000 Toledo 7 04)0 111.(Sat 25.0011 11( • i **> oot) 9.4>*l Kansas City., 142.00 < 29 000 vrt.OO'l • imtihn 26.04)0 9.'*.i**l isinot Indianapolis 0 s.i*> vi.ooo Vi.ivo Totals ... 174 04W 771 .it'll 49i, mo Year ago ... 539 000 579.(**> 585,000 —Shipments— Wheat. Corn. Oats. Chicago 22,000 84 non 203 If id Milwaukee ... 17 (**o 21.004) 50,000 Minneapolis.. 88,000 26.U00 34 l*)0 Duluth 10,000 ... St. Loills 85.000 80.000 116.000 Toledo 13.4*10 2.400 70*1 Detroit 4.<*Mi Kansas City.. 88.1*10 43 4**l ' 214)00 Omaha 17.4**i 36,0*1 .56 f**( Indianapolis.. l,i*>> 22.4* 8,000 Total 261,4*10 314 ( <*4 491,000 Year ago... 362.000 238,000 610.000 Clea ranees Domes. W. 4'orn. New York 73.000 Philadelphia 10,(**.i Baltimore 8.000 Totals 83.4**) 8,000 Year ago 75,000 INDIANAPOLIS CASH GRAIN. —March 16 Corn-Strong: No. 4 white, $16:10 1(21%; V(. 3 yellow sl,lt<.; No. 4 ye! lew, $1.50 I AOII t*'; No 1 mixed. $1.50% < *i 11* Strong; No. 2 white, 97%'(4 '.•75,r; No. 3 white, 900941*,e; No. 4 white. 95VV'. Hay Finn; No 1 timothy, $33033.50; No 2 timothy. $320 32.50; light clove, mixed. $,2032 50; No. 1 clover mixed, $31.50032. --Inspections— Whoat No. 2 red, 2 cars; No. 3 red. 1 car; total, 3 cars. Corn—No. 3 white. 6 cars; No. 4 white, S cars; No. 8 yellow, 6 cars; No 4 yellow, 15 cars; sample yellow, 1 car; No. I mixed, 2 cars; ear, 2 cars; total. 40 < ars. Oats —No. 2 white, 8 cars; No 3 white, 4 cars; No. 4 white. 1 car; total. 13 cars. Rye—No. 2, 1 car. Hay—No. 1 timothy. 1 car: No. 1 clover mixed, 1 car; tidal, 2 cars. WAGON MARKET. The following are the Indianapolis prices of lay and grain by the wagon load : Hay—Loose timothy, $31032 a ton; mixed, $30032; clover, $30038. Corn— $1.5501.65 a bushel. Oat* —90093 c a bushel. Straw—Wheat, SBO9 ton; oats, $14015.

WAGON WHEAT PRICES. Indianapolis elevators anil mlllß are paying $2.35 for No. 1 wheat, $2.32 for No. 2 and $2.29 for No. 3. A1 lothor grades according to quality. W HOLESALE FEED PRICES. (Acme-Evans Cos. ) Ton sacks. Cwt. Ac. Bran $52.00 $2.65 Ac. Feed 85.00 2.80 Ac. Mldds 59.00 3.00 Ac. Dairy Feed 76.00 3.80 K-Z Dairy Feed ....... 60.30 3.05 Ac. H. & M 70.50 3.55 CO & B Chop 60.50 3.05 Ac. Stock Feed 58.25 2.95 Ac. Farm Feed 62.75 3.20 Cracked Corn 70.00 3.55 Ac. Chick Feed 72.77* 5.65 Vc. Scratch 69.75 3.55 E-Z Scratch 66.50 3.35 Ac. Dry Mash 70.4 K) 3.55 Af. Hog Feed 68.00 3.45 Ac. Barleycorn 71.75 3.65 Ground Barley 77.00 3.90 Ground Oats 68.50 3.45 Homlik VVnite 69.00 3.50 Rolled Barley 77.00 3.90 Alfalfa Mol None. Oil Meal 86 00 4.35 Cottonseed Meal 80.00 4.05 FLOUR AND CORN MEAL. E-Z Bake, basis 98 pounds cotton sacks, barrel $13.30 Corn meal, TOO pound cotton sacks, barrel 4,20 GRAINS. Shelled corn, 2-bu sacks, bu $1.75 Shelled corn, small lots, bu T 66 Shelled corn, large lots, bu 1,05 Oats, 3-bu sacks, bu 1 07

6 m BARNES BROTHERS __ % FARM MORTGAGES f*% Absolutely the Safest end Bent Invest- gPljfiiftk ment. No Expense to Funhaaer. P. W. BARTHOLOMEW, Rep. Main 3186. 704 Odd Fellow Bldg., jgP6r Indianapolis. IS Liberty Bonds f* “ ““ 418 LEMCKE BUILDING I 0 D D W© are pro- I A A yC on, farm and P*£sL and to make ■ city property THOS. C. DAY & CO. Xi&S'

On Commission Row Home-grown beets were an arrival. Dealers priced them at $1.50 bushel. Fresh receipts of strawberries were received. These sold quickly at 80085 c quart box. Carrots from Louisiana received. Selling at $2.25 hamper of from two and onehalf to three dozen bunches. Northern potatoes were 10c hundredweight higher at $5.60, or $8.40 for bag of JSO pounds. Potato market is a seesaw affair at present, dealers say. One uaj it is up a few cents and the next day down. Permanent relief in the nature of a gradual decline is predicted shctly by prominent dealers. inability of the railroads to provide cars is given as the prime reason for the pres ent high prices. TODAY'S PRICES. Apples—ln barrels: Extra fancy Red Jonathans, sl2; extra fancy Grimes Golden, $11; Baldwins, $8.50; Greenings, $9; Hubbardson, $9011; Jonathans, sb@ 10.50; Rome Beauties. $8.50010.50; Kings, $9; Winesaps, $10: Maine Northern, $10; Wealthy, $8; Work imperials. $9; Klnnaird Favorites, $6; Grimes Golden. No. I grade. $9. In boxes: Rome Beauties, 80s to 150s, $3.50; Grimes Goldens. 96s to 1755, $3.50; Delicious. 80s to 150s, $4.50; Yellow Ortley, 72s to 1625, $3.5003.75; bpifze.nberg, 80s to 150s, $3.50. Bananas —Pound, B%e. Beans Michigan navy, in bags, per lb., 7%c; pinto, 7%c; liman, 13%c. Beets—-65-lb. hags. $1.75. Cauliflower—Crate, $2.2502.75. Carrots —Basket, 40 ibs., $1.75: new crop, dozen bunches. $1; hamper, $2.50. Celery—Florida, $4.5005 crate. Cranberries—39-lb. box. $3; %-bbl. box, $5.50. Cucumbers—Hothouse, Davis, doz, $2.75; box 2 doz, $5 Excelsior Dates—Three-doz pkgs. $5.75 Figs New, in boxes. 50 pkgs. 6-oz, 55c; 24 pkgs, 8-oz, $8.50; 12 pkgs. 10-os. $2.25. 10-lb layer, $3.25; Smyrna, box. 11 lbs, ?i 20; Spanish. bo 2 lbs. $5.50. Garlic—Pound. 30c Grapefruit- Extra fancy, Florida*, s4<@ $4.75. Money Comb. new. cases of 24 caps, $7.75; extracted, 60-lb tins, '"-'c* South American, dark extracted, 16c lb. Lemons—Californian, standndrd box. $5.5006. l.ettuce—Leaf, lb, 19@20c; Iceberg, crate 4 doz. $3 2503.50 Mangoes—Florida, 2 doz. basket, sl-25; crate, sl2. Nuts Filberts, lb, 29032 c; English walnuts. 37@40c; chestnuts, 35c; pecans, 30c, 50c, 70c; Brazils, -i-sc; almond, 33@ 36c; shellback hk-kor*. 10c Oranges—California navel box. $4,500 7.50; Siinklat, $8.5008: Florida. $608.50 Onions Indiana yellows, cwt $7; western yellow, $7; Spanish imported, 40 lb basket, $2.60; shallots, sl. Onion Sets Red and yellow, bushel, $4; whits, $4 25. Popcorn Pound. 9c Potatoes Rakers fancy, cwt., $6; northern white, ss.tV>. petal es, Soe.r Red Rtver Ohio. cwt.. $6; Early Rose. $5.75; Eastern Cobblers, $6. Six Weeks Triumphs, $5.75. Sage—Fancy, uoz. 50c. Spinach - Large, crate, s*; Texas, bus.. $2.15. Strawberries—Quart box, So@Bsc. Sweet Potatoes Eastern Jersey, bu, *2.75; Nancy Halls. $2 25 Tomatoes Prate, 6 baskets, s7@9; basket, $1.2501.50.

CAR SHORTAGE HINDERS MAILS Old Ownership Not Making Progress at Present. WASHINGTON. March 16.-Car short age Is blamed for tardiness of the malls in various parts of the country. Scarcity of porters for handling pouches is au other cause. Since th" first of the year the Overland Mall crack mall train from New York, with through connections at Chicago for Sari Francisco has been late an average of more than five hours every day. If rarely lias made th* Chicago conaeetlon. The Fast Mail, next in importance, has be o more than four hour* late every day; the Twentieth Century Limited about au hour and the Lake Shore Limited three- hours. Report* show that cars, formerly sent to the shops for overhauling every two years, haven’t been in the shops for from four to six years. Railroads are buying cars now, but delivery is slow. Shortage of equipment Is making it necessary to use refrigerator cars for mail. Freight cars are used for parcel post mail in special trains that can not run as fast as mall car trains without risking disaster. Housewives’ Market The following prices are the general prices charged at the city market, obtained by striking sn average of the prices charged at various stands; Apples, choice, per In $ 05014) Asparagus, bunch 14)015 Mananas, doz 200.'*• Means, navy, tb ".11 Means, lima, it* .18 Means. Colorado plntos. 1b.... .1(1 Meets, lb .10 Carrots, 2 lbs .15 Cabbage, lb .10 Cauliflower 30010 Celery, bunch 100 17* Cranberries, lb ,07% Cucumbers, hothouse, each.... 2003 ii Grapes, imported, lb .30 Grapefruit, each 07%015 ladnons, per doz 25@30 Lettuce, leaf, per lb .20 Head lettuce, each 10@!5 unions, lb 06010 Onions, Bermuda, each 050.07% Onions, green, bunch " .10 I‘arsnlps, lb .12% Parsley, per bunch .0.5 Potatoes, peck .70 Peppers, green, each .05 Potatoes, 4 lbs .2.5 Radishes, bum b .4)5 Rhubarb, bunch .10 Rutabagas, lb .06 Spinach, lb .15 Strawberries, qt box - .95 Turnips, ib .10 MEATS. The following prices are on first qual.ty No. 1 government inspected meats only: Lamb chops, lb 55®GO Leg of lamb, per lb 45050 Moiled ham, per lb .75 Smoked ham, per lb ,400 50 Round steak, per lb .33 Fresli beef tongue .344 Smoked beef tongue 40045 Roast beef 25030 Fran k steak .50 Href tenderloin 000 55 Pork chops .35 Pork tenderloin .65 Porterhouse steak '... ,40050 Chunk steak 28030 Moiling beef 18020 Macon 40060 Loin steak ,35 Hams, whole 30@35 I Lard, lb .27% i Lamb stew 15025 Sparerlbs, lb .25 Shoulders, fresh beef .30 ! Shoulders, fresh pork .27 Meef liver 'ls Veal chops 35040 leal steak .50 Calf liver 30033 raonucK. liens, full dressed, lb ..yj I'rys, dressed, 1b.... .go Eggs, fresh, select, doz 490 52 Mutter, creamery, lb. 70076

COTTON MARKET OPENSJIIGHER Strong Liverpool Cables Big Factor in Advance. NEW YORK. March 16.—Reflecting strong cables from Liverpool, more favorable political news from Germany, an advance in foreign exchange and strength in securities, the cotton market was firm at the opening today, with prices 7 to 29 points higher. The trade again was an active purchaser, but some of the old speculative longs and Japanese interests offered rather freely, the latter selling about 49,000 bales at 87.40 c for May. The first sale of March was at 40.19 c, establishing anew high record 'for future contracts here. LIVERPOOL, March 16.—Spot cotton quiet: prices steady; sales. 3,000 bales. American middling fair, U3.52d ; good midtiling, 30.52d; full middling, 29.52d ; middling. 28.52d; low middling, 25.22d; good ordinary, 22.02d; ordinary, 21.02d. Futures were steady. WHOLESALE PUODCCE. Eggs—Fresh, 38c doz. Poultry- Fowls. 32c; broilers. 1% to 2 lbs, 50c; cocks. 18c; old tom turkevs, 35c; young tom turkeys, 12 lbs and up, 40c; young hen turkeys. 8 ibs and up, 4t>c; cull thin turkeys not wanted; ducks. 4 lbs up, 24c; ducks, under 4 lbs. 20c; geese. 10 lbs up, 20c; squabs, 11 lbs to doz, $7.50. Butter Clean packing stock, 33c lb; fresh creamery butte,-, In prints, is selling at wholesale at 69c; in tubs, 68c. Butter Fat—lndianapolis buyers are pacing 70c lb. i heese (wholesale selling prices)— Brick, 29030 c lb; New Y'ork cream, 32c; Wisconsin full cream. 31c; longhorns, ''7@34c; limburger, 38c. CHICAGO PRODUCE. ( HICAOO. March 16. Butter Receipts. . si2* tubs; creamery extr.i. 68'-c; extra firsts. 67%c; firsts. 63066 c; * packing st'.. k. 34-W39c. Eggs—Receipts, 13.400 e.ises: current receipts, 40@42c; ordinarv .{■•o.47c; dirties. 3Kc. Cheese—Twins, new 28@28%c; -daisies. 29@29%c; young Americas. 30@30%c; Longhorns, 300 30%c; brick. 27%c. Live poultry—Turkeys. 40c: Chickens, 41c; springs 40c; roosters. 26c; geese. 22c; ducks 38c p. totaes—Receipts. 59 cars; Minnesota. Dakota, Ohio, $5.3005.40. CLEVELAND PRODUCE. CLEVELAND. March 16.—Butter * reatnery. In tubs, extra 72 % @73 Ur • extra firsts, 71%@72c; firsts. ~O%071c: prints. lc higher; seconds, fitt-bOie-packing stock. 35040?. Eggs- Norther i •xtras. is.-; extra firsts, 47c; northern n * w I'**'*- 01,1 -ases, 45. southern and western firsts, new cases -ttc. Poultry Chickens. -RMtoOr; light hP ' ,v - r . srn ' leß - 42c; roosters. ■ id. ...024c; springers, 3P@4or; duck* 36@38c; geese, 30035 e; turks. 350+0.- '

The American Mortgage Cos. Capital $1,000,000 ORGANIZATION Incorporated under the laws of Indiana. Authorized capital $1,000,000, all Common Stock; par value of shares SIOO.OO. Shares tax free in Indiana and noil-assessable. Dividends. Free from Normal Federal Income Tax. BUSINESS Construction Loans Second Mortgages The Company proposes to tinance new housing projects, loaning its capital to construct new homos on a liberal basis. Its plans are comprehensive and will help solve, in a scientific way and with reasonable profit to all concerned, the housing problem of the cities in which it operates. OFFICERS AND DIRECTORS: Melville Ritchie, President. A. Leonard Campbell, Vice President. Harry B. Burnet, Vice President. Charles A. Butler. Secretary-Treasurer. Lewis G. Reynolds, Vice President. Holtzman & Coleman, General Counsel. MELVILLE RITCHIE LEWIS A. COLEMAN • Kormerly Treasurer National Mortgage Holtzman & Coleman, Lawyers, IndiCompany, Cleveland. anapolis. Builders Investment Company, Cleveland. \ ice President Sterling Fire Insurance President American Mortgage Company, Company. Cincinnati. Director Bankers Trust Company, Indianapolis. HARRY B. BURNET „ t _. „ r _ _ HENRY C. THORNTON President Burnet Binford Lumber Com- and . *™. . T „. A . _ n President Thornton-Levey Prmting Comv y ' pany. Vice President and Director Northwest- ... _ ern State Bank. Indianapolis. . VPres dent and Director Continental National Bank, Indianapolis. LEWIS G. REYNOLDS # CHARLES A. BUTLER Retired Paper Manufacturer, Richmond, Formerly of Watkins & Butler, Lawyers, Indiana. Huntington, Indiana. (Bylaws provide for nineteen directors, which will complete full board.) DEPOSITARIES • j Fletcher-American National Bank, Indianapolis, Indiana. I Citizens State Bank, Huntington, Indiana. \ All legal details in connection with incorporation and the issue of shares have been approved by Messrs. Holtzman & Coleman, Indianapolis, Indiana. Subscriptions to the shares in the Company at par are invited and may be purchased either on all cash basis or on conveniently arranged payments. Address all communications to THE AMERICAN MORTGAGE COMPANY Second Floor, No. 9 East Market Street To The American Mortgage Company, Indianapolis, U. S. A. You may send me full literature. Address ........ —

STEAMSHIP TICKETS ssS INVESTORS, INVESTIGATE We offer for Immediate acceptance wliat is considered one of the country'* safest and most profitable securities. Hr recommend an Immediate investigation, and purchase es these securities, further details gladly given. i. M. TAYLOR & CO., Inc., BANKERS 7 Wall St„ New York T. H. COREY, Mgr. 208 Hume-Mansur, Indpls.