Indianapolis Times, Volume 32, Number 267, Indianapolis, Marion County, 17 March 1920 — Page 14

14

STOCKS SUFFER RAID BY BEARS Opening Is Shade Lower and Weaker Tone Develops. NEW YORK, March 17.—There was a stioug tone to the stock market at the optning today, but after the initial advances recessions were In order in the majority of issues. Crucible Steel, on the declaration of a 60 per cent stock dividend, opened at from 242 to 240, against 232% at the close yesterday, and then quickly yielded to £35. Baldwin Locomotive rose 4 points at the start to 125%, but soon dropped back te 123%. Steel common rose % to 98% ard Republic Steel, after selling up to 95%, fell to 94%. Texas Company rose 3 points to 212 and then yielded to 209%. Mexican Petroleum, after selling up 1% to 190, Suiokly lost this upturn, while Middle totes Oil continued in supply, and after advancing to 33%, had a sharp drop to Motors rose 4 points to 326. Btudebaker advanced 1% to 102%, with a reaction of 1 point, while Pierce-Arrow dropped 1% from its best to 63 International Paper was prominent, selling 1% hlgner at 88%. American Can rose 1% to 49% and American Woolen over 1 point to ISL. Fractional gains were made in the railroad shares. Baldwin Locomotive rose to above 125. but sagged off to 123%; Steel common advanced to 99%. while Crucible Steel, after ralying to 239, dropped to 233%. American Woolen advanced nearly 4 points to 132%, and American Can rose over 3 points to 50%. The oil issues were generally In demand, but a supply was met on advances. Genera] Motors yielded 2 points to 324. The market turned strong suddenly in the late afternoon, most of the leading issues advancing from 1 to 3 points from the low levels. Baldwin Locomotive was prominent, advancing over 4 points to 128%, while Crucible advanced from 231 to 237%. Bteel common, after selling at 98%. advanced to 99% and Republic Steel adpaneed over 2 points to 94%. General Motors rallied from 318%. Middle States Oil. after dropping to 29%, recovered to 32, and Mexican Petroleum regained all of Its loss, selling up to 190. The railway issues also recovered most of their early tosses. The market closed strong. Government bonds unchanged; railway and other bonds strcug. NEW YORK LIBERTY BONDS. NEW YORK. Marevh 17.—Liberty bond quotations: 3%5, 96.34; first 4s, 90.60; second 4s, 59.40; first 4%5. 90.90; second 4%5. 89.82; third 4%5, 92.64; fourth 4%5, 90.04; Victory 3%5, 97.54; Victory 4%5, 97.60. NEW YORK METALS. NEW YORK. March 17.—Copper quiet; spot. March, April, May and June offered at 18%c. Lead easier; spot. March and April offered at 9c. Spelter quiet; spot. $8.3008.37%: March and April. $8.40 @8.45; May, $&40; June. $8.4508.55. MOTOR SECURITIES. (By Thomson & McKinnon.) —Opening— Bid. Ask. Briscoe 65 67 Chalmers com 5 Packard com 26% 26% Packard pfd 94 95 Chevrolet 350 500 Peerless 40 45 Continental Motors com .... 11% 12 Continental Motors pfd .... 100 102 Hupp com 14% 15 Hupp pfd 100 103 Reo Motor Car 27% 27% Elgin Motors 8% 9% Grant Motors 9% 10 United Motors 40 60 Ford of Canada 430 450 National Motors 20% 21% Federal Truck 67 72 Paige Motors 41 43 Republic Truck 42 45

LEGAL NOTICES. notice to bridge contractors. Notice is hereby given that sealed proposals will be received by the director of the Indiana State Highway Commission at his office In the Capitol building, In Indianapolis, up to ten (10:00) o'clock a. m., April 2, 1920, when all proposals will be publicly opened and read. The work contemplated Is the construction, of the following bridges on state highways: Str. No. 11. project F. A. No. 1. drainage ditch. Linooln highway. Elkhart county, approximate length, 1 span 30 feet. Str. No. 17. project No. F. A. 3. section No. B, Buck creek, Madison road. Marion county, approximate length. 2 spans, each 32 feet 5% inches. Str. No. 39. project No. F. A. 3. section B. Lick creek. Madison road. Marion county, approximate length, 3 spans 23 feet 5 Inches. 28 feet and 23 feet & Inches. Str. No. 12, project No. F. A. 4, section A, Robards creek. National road, Putnam county, approximate length. 1 span. 30 feet. Str. -No. 15, project No. F. A. 4. section A. Sallus creek. National road. Putnam county, approximate length. 1 span. 52 feet 1 Inch. Str. No. 16. project No. F. A. 6, section A. Snake creek. National road. Vigo county, approximate length. 2 spans, each 20 feet. ■Str. No. 34, project No. 6. section No. A, Millers creek. National road. Clay county, approximate length. 1 span, 33 feet. Str. No. 23, project No. F. A. No. 9, section No. A. drainage ditch. Madison road. Johnson county, approximate lengths. 2 spans, 14 feet 6 inches. 14 feet 9 Inches. Str. No. 20. project F. A. 10. section No. A. drainage ditch. Michigan road. Marshall county, approximate length, 1 span. 20 feet. Str. No. 1. project No. F. A. 11, Baugo creek. Lincoln highway. St. Joseph county, approximate length. 2 spans, each 55 feet. Str. No. 4, project No. F. A. 12, section A, Roeger’s branch. French Lick road, Jackson county, approximate length. 2 spans, each 18 feet. Str. No. 14. project No. F. A. 13, section A, Sugar creek. National road. Hancock county, approximate length. 2 spans, each 38 feet 3 Inches. Str. No. 3, pro* it No. F. A. 18. section A. drainage ditch. Range Line road. Tipton county, approximate length. 1 span. 30 feet. Str. No. 17. project No. F. A. 18. secton A. drainage ditch. Range Line road. Howard county, approximate length, 1 span, 40 feet. The plans and specifications may be examined at the office of the State Highway Commission in the Capitol building, or copies thereof will be forwarded upon a payment of two dollars ($2.00) per structure to the director. Each bidder, wth his proposal, shall submit his bond payable to the state of Indiana In the penal sum of one and one-half (1%) times the amount of his proposal with good and sufficient security to the approval of the director, conditioned upon the faithful performance of the work in accordance with the profile. plans and specifications therein set forth and conditioned also upon the payment by the contractor and all sub-contractors for all labor performed and material furnished In the construction of the bridges or structures. Such bond shall be only on the form specified by the director, copies of which will be furnished on request. The right is reserved by the director to reject any or all bids or to award on any combination of bids that, in his judgment. Is most advantageous to the state of Indiana. INDIANA STATE HIGHWAY COMMISSION. L. H. WRIGHT. Director. State of Indiana department of state. Ed Jackson, secretary of state. To all to whom these presents shall come. greeting: I, Ed. Jackson, secretary of state of *he state of Indiana, hereby certify that the Indianapolis Hauling Company has this day caused to be filed in the office of the secretary of state of the state of Indiana, the properly signed and attested consents, statements and papers required by section one of an act of the general assembly of the state of Indiana, entitled "An act prescribing the method and procedure for the voluntary dissolution of private corporations and voluntary associations, and declaring an emergency,” approved March 14. 1913. And I further certify that said written consents, statements am’ papers so filed as aforesaid, show that said company and the officers thereof have complied with the provisions of said section one of ssld act and that said corporation is now In process of dissolution. In witness whereof. I have hereunto set my hand and affixed the (SEAL) seal of the state of Indiana at the city of Indianapolis this 16th day of March, A. D. 1920. / ED. JACKSON, Secretary of State. By P. H. WOLFORD. Deputy. NOTICE TO CONTRACTORS. The State Highway Commission will, on March 25, 1920, at room 12, statehouse, receive bids on the following: 33 4-yard No. 8 gauge end dump bodies with double acting tail gate and hydaulic hoist. Some to be mounted on o-ton PierceArrow chassis. Also 65 2-yard No. 8 gauge steel end dump bodies with double acting restricted tail gate arid hand operated hoist. Some to be mounted on F. W. D. chassis. The commission reserves ;he right to reject any snd all bids. STATE HIGHWAY COMMISSION. L. H. WRIGHT. Director.

j Local Stock Exchange [ STOCKS. Bid. Ask. Ind. Ry. & Light com 55 lnd. Ry. & Light pfd 90 96 Indpls. A Northwest, pfd 75 indpls. & Southeast, pfd 75 Indpls. Street Railway 45 55 T. H„ T. * Light pfd 76 T. H. t I. & E. com 1% ... T. H, I. &E. pfd !. 9% ... U. T. of Ind. com 1 L\ T. of Ind. Ist pfd 5' 11 0. T. of lnd. 2d pfd 2 Advance-Riimely Cos. com 39 Advauce-Rumeiy Cos. pfd.... 65 ... Am. Central Life 235 Am. Creosoting Cos. pfd 97 Belt Railroad com 110 120 Belt Railroad pfd Century Bldg. Cos. pfd 99% ... Cities Service com ... Cities Service pfd ... Citizens Gas Cos., 1917 34 Citizens Gas, prior to 1917.. 34% ... Dodge Mfg. Cos. pfd 99 Home Brewing 50 ... Indiana Hotel com 60 ... Indiana Hotel pfd 99 lnd. National Life 4% Ind. Title Guaranty 54 72 Indiana Pipe Line Indpls. Abattoir pfd 49 52 Indianapolis Gas 53 56 Indpls. Tel. Cos. pfd 69 75 Indpls. TeL Cos. pfd 69 78 Lemcke liealtv Cos. pfd 95 Mer. Pub. L'tl. Cos. pfd 42% ... National Motor Cos 20% 22 Natl. CnderwriL Cos ... Public Savings 2% ... Rauh Fertilizer pfd.......... 50 ... Standard Oil Cos. of Ind Sterling Fire Insurance 8% 10 Stutz Motor Cos Van Camp Hdw. pfd 99 ... Van Camp Pack, pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 99 Vuudalia Coal com 5 Vandalla Coal pfd ... 10 Wabash Railway pfd Wabash Railwa yeom 9% ... BONDS. Broad Ripple 5s 52 ... Citizens Street Ry. 5s 79 83 Ind. Coke fc Gas Cos. 6s 92 lnd. Creek Coal 6c Min. 65.. 98 Ind. North 5s lnd. Union True, os - Indpls., Co*. & South. 55.... 88 Indpls. Sc Greenfield 5s 95 Indpls & Martinsville 55... 55 ... Indpls. & North. 5s 35 41% Indpls. & Northwestern 55.. 53 Indpls. ik Southeast, 5s 44 Indpls., Shelby. & S. E. 55... ... ... Indpls. Street Ry. 4s 59 67 ludpis. Trac; & Ter. 5s 64% 74% Kokomo, M. & M. 5s 83% ... T. H„ 1. & E. 5s Union Trac. of Ind., 5s 70 Citizens Gas 5s 79% 82% Indiana Hotel Cos. 2d 6s 97% ... Indianapolis Gas Cos 70 80 Ind. L. & H. 5s 79 86 Indpls. Water 5s 89 93% Indianapolis Water 4%s 72% 77% M. H. &L. ref. 5s 89% 93 New Tel. Ist 6s 93 New Tel. 2d 5s 98 New Tel. Long Dlst. 5s 91 South. Ind. Power 6s 91 BANKS AND TRUST COMPANIES. Aetna Trust 100 108 Bankers Trust li7 City Trust 80 Commercial National 70 ... Continental National 111% ... Farmers Trust 390 Fidelity Trust 116 Fletcher American National 257 Fletcher Sav. & Trust C 0... 167 Indiana National 286 296 ** Indiana Trust 206 Live Stock Exchange 382 Merchants National 261 National City 114 Peoples State 176 ... Security Trust ..* 115 State Savings Sc Trust 91 100 Union Trust Cos 366 Wash. Bank & Trust C 0.... 131 ... LIBERTY BONDS. Liberty 3%s 96.24 ..... Liberty first 4s 90.60 Liberty second 4s 89.40 Liberty first 4%s 90.90 91.10 Liberty second 4%s 89.92 90.00 Liberty third 4%s 92.68 92,78 Liberty fourth 4%s 90.06 90.16 Victory 3% s 97.30 1*7.70 Victory 4%s 97.60 97.70

Local Bank Clearings Wednesday $3,222,000 Same day last year 2,148,000 Increase over last year $1,074,000 Today’s Market Gossip Argentine seeks extension of its $30.000,000 loan in United States, which matures next May 15. British warships en route to Halifax with between $23,000,000 and $35,000,000 gold consigned to New York. Crucible Steel declares stock dividend of 50 per cent, payable In common stock April a0 to stock of record April 15. Grain letter by wire from Cbi,->tn says that the disappearance of premiums for contract grades of corn suggests probability of sufficient advance ru. intime being. It does not argue, however. for a reversal of market action. It seems to us more attention should be given to oats. Reserves of old crop are considerably below an average. Tbe July delivery, which is practically an old crop month, is selling some 17c under cash oats, for which there is no reason other than sentimeut. Both May and July are too cheap, as viewed from the price of current receipts. New York stock market hy wire savs: “Judging from latest cables the revolu tion in Germany proves to be somewhat of a theatrical affair. Yesterday's money market leads to the conclusion that the strain is over for the present, and there is good reason to hope for' a normal market for a while at least Traders who are fond of stock dividends will find much to encourage them in the action taken bv the Crucible Company and from time to time we will no doubt get some new ones. Yesterday’s selling was heavy at times, but it ‘looks entirely like profit taking, and we mav look for buying from tb same source at most any moment. It is so much easier to / finance .in opv.u u in midst of a bull market. Hence there will be n lot of financing done by railroads and we may expect a big market foi the rails beiore ,u> tr. ACTIVE OIL STOCKS. (By Thomson & McKinnon.) Opening Bid. Ask. Anglo-American Oil 27 28 Atlautic Refining 1550 1600 Borne-Serymser 425 140 Buckeye Pipe Line 94 97 Chesebrough Mfg. Cons 230 245 Continental Oil, Colorado... 625 650 Cosden Oil and Gas 9 9% <'resceut. Pipe Line 82 34 Cumberland Pipe Line 145 155 Elk Basin Pete 10 10% Eureka Pipe Line 138 143 Galena-Signal Oil, Pref 95 98 Galena-Signal Oil, com 64 67 Illinois Pipe Line 177 183 Indiana Pipe Line 97 100 Merritt Oil 20% 21% Midwest Oil 1% 2 Midwest Rfg 170 172 National Transit 29 31. New York Transit 183 188 Northern Pipe Line 100 104 Ohio Oil 380 390 Penn.-Mex 60 64 Prnire Oil and Gas 705 720 Prairie Pipe Line 165 272 Sapulpa Refg 5% 5% Solar Refining Southern Pipe Line 148 153 South Penn Oil 340 850 Southwest Penn Pipe Lines 86 90 Standard Til Cos. of Cal 350 355 Standard Oil Cos. of Ind 870 885 Standard Oil Cos. of Kas.... 640 650 Standard Oil Cos. of Ivy 440 465 Standard Oil Cos. of Neb.... 525 550 Standard Oil Cos. of N. .T .... 860 , 810 Standard Oil Cos. of N. Y.... 468 413 Standard Oil Cos. of Ohio 500 525 Swan & Finch 95 100 Union Tank Line 128 133 Vacuum Oil 440 450 Washington Oil 37 42 CLEVELAND PRODUCE. CLEVELAND, Mnrch ,17.—Batter— Creamery, in tubs, extra, 72@T2%c; extra firsts, 71@71%c: firsts. 7O0f(H;!\: prints, If higher: seconds, 65%@66%c, wmckfng stock, 35040 c. Eggs—Northern 4Sc; ext'.a firsts, 47c; northern firstiknew cases, 40c; old cases, 45c; aonthernVand western firsts, new cases, 44c. Ponltlff— Chickens, 15050 c; light fowls, 35c; heiWy grades, 42c; roosters, old. 23@24c; sprliiSers, 39@40c: ducks, s6@3Se; geese, 30<(X 35c; turks, 35@40c.

HOGS STEADY TO 25 CENTS UP Cattle Steady, With Calves Active and Strong. RANGE OF HOO PRICES. Good Good Good Mar. Mixed. Heavy. Light. 10. $1 [email protected] $14.50® 15.75 [email protected] 11. 15.25® 16.00 [email protected] /15 [email protected] 12. 15.50 @ 16.15 14.50 @16.00 [email protected] 13. [email protected] 14.75 @ 16.25 16.35 @16.50 15. [email protected] 14.50 @ 15.25 16.00 16. 16.00 @16.15 15.00 @15.25 [email protected] 17. [email protected] [email protected] [email protected] Receipts, 4,000; market strong to 25c higher. . Light receipts served at the start to check any Inclination buyers might have entertained for lower prices, and the market was active and strong, with the best lights 10@25c higher. Light hogs sold at $16.25016.40; mediums, $16016.25; heavy, $14.75® 15.25; w'ith the bulk of sales reported at sl6® 16.35. or 10c higher than Tuesday’s close. Pigs were strong and selling 2o@ooc higher at $15.75 down. Sows were also in active demand and brought $13.25 down. The general top for choice hogs was $16.40, although there were occasional sales reported at $16.50. Cattle. Receipts, 1,300; market active and steady. , , . , There was a steady rattle market, although at the start buyers were inclined to bid lower and await their time. Sellers couldn't see things In the same light and eventually prices ruled about on an average with those of the previous day. The better grades of steers were in demand, and developed the most activity, but no change in prices was apparent. Stockers and feeders were not in heavy supply and ruled steady. Calves. Receipts. 500; market active and strong to 50c higher In spots. There was an active demand for the run of calves on hand and the good veals cleared at $20021. Fancy tops sold at $21.50@22, but these sales were only made when sweetened In with a lot of tbe common and medium grales. Medium veals brought $l4OlB and the heavy $9012. Sbeep. Receipts. 50; market steady. There was not enough stock in the market to create any activity. Small bunch of lambs was not considered top stuff, but with no competition sold at $10017.50. CATTLE. —Steers— Prime cornfed steers, 1,300 lbs and up $13.50(814.00 Good to choice steers. 1,300 lbs and up... [email protected] Good to choice steers, 960 to 1,200 lbs 11.50@ 12.50 Common to medium steers. 1,100 to 1.200 lbs 10 [email protected] Common to medium steers, 900 to 1,000 lbs 9.50010.00 Good to choice yearlings [email protected] —Heifers and Cows— Good to rholce heifers [email protected] Fair to medium heifers [email protected] Common to light heifers 8.500 950 Good to choice cows 9 [email protected] Fair to medium cows 8.500 9.23 Canners and cutters 5.0007.50 -Bulls and Calves— Good to prime export bulls. 9 000 9.50 Good to choice butcher bulls 8.50@ 900 Bologna bulls 7.000 800 Medium veals 14.00018.00 Good veals 20 [email protected] Heavy calves [email protected] —Stockers and Feeding CattleGood to choice steers. 800 lbs and up... 10 00011.00 Common to fair steers, 800 lbs and up... •• 9.000 0.50 Good to choice steers, under 800 lbs 9.50@ 10.00 Common to fair steers, under 800 lbs B.oO@ 9.25 Medium to good cows 6.250 7.25 Medium to good heifers 7 000 7.50 Fair to best milkers [email protected] Stock calves, 250 to 430 lbs. [email protected] HOGS. Good to best heavies. 250 lbs average up 14,75015.25 Good, 200 to 250 lbs average 16.004(16.23 Good to choice hogs. 150 to 200 lbs 16.25@ 16.40 Common to best lights, down to 130 lbs 14.50@15 00 Roughs and packers [email protected] Bulk of sows 12.75013 2.3 Best pigs, under 140 lbs [email protected] Light pigs 14.50 down Bulk of good hoes [email protected] SHEEP AND LAMBS. Good to choice sheep o.oo@ 9.30 Common to medium sheep... 5.000 h.Oo Good to choice yearlings... 13.00014 00 Common to medium yearlings 10.00012.00 Western fed lambs 18.00018.75 Good to choice lambs [email protected] Common to medium lambs... [email protected] Bucks, per 100 lbs 7.000 8.00

Other Live Stock | CINCINNATI, 0., March 17.—Hogs— Receipts, 4,000; market steady to 25e ; higher; heavy, $15.75; medium and mixed, $10.75; lights, sl6; pigs, sl4; roughs $12.75; stags, SO. Cattle—Receipts, 1,000; market steady to 25c lower; bulls, steady; calves, $20.50. Sheep—Receipts, j 100; market steady. j CLEVELAND, March 17.—nogs—Receipts, 2.500; market strong; yorker*, £16.40; mixed. $16.40; medium, sls; pigs, sls; rough, $12.50; stags, $0.50. Cattle —Receipts, 250; market 25c higher. Sheep and lambs —Receipts, 300: market active; top, $lO. Calves—Receipts, 200; market steady; top, S2O. CHICAGO, March 17.—Hogs- -Receipts, 19.000: market 15c to 25c higher; bulk, 14.35®15.90; butchers, $14(6 16; packers, $12.75®13.20; light. sl4.Hor<fl6; pigs, sl3 ©l4 75; roughs, $12©12.60. Cattle- Receipts, 7,500; market steady, strong; beeves, $9.73® 15.40; butchers. s7® 13.25; cauuers and cutters, [email protected]; Stockers and feeders, $7®11.75; cows, s7® 13.23; calves $16.70® 17.50. Sheep Receipts 7,500; market steady; lambs, $14®19.25; ewes [email protected]. PITTSBURG, March 17.—Cattle-Re-ceipts light; market steady; choice, sl4 @14.50; good, $12.50® 13.50; fair, $0.50® 10.50; veal calves, $21@22. Sheep and lambs—Market steady; prime wethers, slS@l6: good. $13®14; fair mixed, slo® 12; spring lambs, $13@20. Hogs—Re ccipts. 6 doubles; market higher; prime heavies, $15.25® 15.50; mediums, $16.85® 16.90; heavy yorkers, [email protected]: light yorkers. [email protected]; pigs. [email protected]; roughs. $12@14: stags. s9@lo. EAST ST. LOUIS, 111., March 17. Caltle —Receipts, 3,300; market, steady; native beef steers, $10.50® 13.75: yearling beef steers and heifers, $10@13; cows, $9.75®11.75; stockcrs and feeders, slo© 11.50; calves, $15@18; canners and cutters, $4.75®6.50 Hogs—Receipts, 10,500; market, 10®20c higher; mixed and butchers, $15.50® 16.05 ; good heavies. $14.30® 15.25 ; rough heavies, $11.75@13; light, $15.75® 16.10; pigs, $17.30® 15.75: bulk of sales. $15.05@16. Sheep*- Receipts, 500; market, steady; ewes, $13.75®14; lambs, slo® 10.50; canners and cutters, ss@B. WHOLESALE FEED PRICES. (Acme-Evans Cos. ) Ton sacks, Cwt. Ac. Bran $52.00 $2.65 Ac. Peed 55.00 2.80 Ac. Midds 59.00 3.00 Ac. Dairy Feed 75.00 3.80 E-Z Dairy Feed 60.50 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 72.75 3.65 Ac. Scratch 60.75 3.55 E-Z Scratch 66.50 3.35 Ac. Dry Mash 70.00 3.55 Ac. Hog Feed 68.00 3.45 Ac. Barleycorn 71.75 3.65 Ground Barley 77.00 3.00 Ground Oats 68.50 3.45 Homlik White 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 FLOCK AND CORN MEAL. E-Z-Bake, basis 98 pounds cotton sacks, barrel $13.30 Corn meal, 100-pound cotton sacks, barrel 4.20 drains. Shelled corn, 2-bu sacks, bu $1.73 Shelled ccn-n, small lots, bu 1.66 Djhelled corn, large lots, bu 1.65 3-bu sacks, bu 1.07

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BULLS SWING GRAIN SALES News of Day Construed as Favorable to Advance. CHICAGO, March 17.—The same bullish factors governing Tuesday’s trading wore In evidence on the Chicago Board of Trade today. Prospects of bad weather, shortage of offerings and a more settled state of affairs In Germany led to freer buying. Oats and provisions followed corn. May corn, after opening %c up at $1.56, advanced %c. July corn opened %c up at $1.49 and gained %c thereafter. September corn, %c up at the opening, $1.45%, gained another %c before noon. May oats was %c up at the opening, BC%c, aud advanced lc later. July oats was %e up at the opening. 7S%c, and later gained lc. The action of the corn market in turning from a weak aud lower condition to a sharply higher one was a great surprise to many in the trade, and more so to those who put out short lines early in the belief that the strength had given way for the time being, and that declines were in order. The advances were 1%@2%e for corn and 1%@1%c for oats. The provision list was higher. CHICAGO GRAIN. —March 17CORN—Open. High. Low. Close. Mar. 1.57 1.59% 1.56 1.59% tl% May. 1.55% 1.57% 1.53% 1.57% t 2 1.56 1.57% July 1.48% 1.50% 1.47% 1.50% tl% 1.49 1.00% OATS— May. 86 87% 85% 87% tl% 86% 87% July 78% 80 78 79% tl% 79% PORK— Mav. 36.25 36.25 36.10 36.25 t .25 July 36.10 36.30 35.90 36.10 t -35 LARD—- • Mav. 21.75 21.55 21.65 21 80 t lo July 22.40 22.50 22.32 22.47 t -12 RIBS— May. 18.72 18.85 18.70 18.82 t .17 July 19.32 19.37 19 30 19.37 t .22 flncrease over yesterday's close. CHICAGO CASH. CHICAGO, March 17.—Corn—No. 3 mixed, $1.39; No. 4 mixed. $1.5501.58; No. 3 white, $1.5901.61%; No. 4 white, $1.56 @1.58%; No. 3 vellow. $1.6001.61; No. 4 vellow. $125601.58%. Oats—No. 2 white, 94%<§97% : No. 3 white, 94%@96%; No. 4 white, 03@94c. TOLEDO CLOSE. TOLEDO, March 17.—Corn—No. 3 yellow, $1.64. Oats —No 2 white, 99c@$l. Hye—No. 2 cash, $1.75. Barley—No. 2 cash, $1.57. Alsike—Cash, April and May, $35.20. Clover seed—Cash, $34.55; March. $34 50$ April. $34; October. $23.50. Timothy—l9l7 and 1918. cash, $; 1919. ensh. and March, $6.20; April and May. $6.15.. Butter, 73c. Eggs, 46c. Hay, $42. PHIHA R Y MARKETS. —March 17— (Thomson & McKinnon) —Receipts— Wheat. Corn. Oats. Chicago 32.000 439.000 227,000 Milwaukee... 34,0**0 35,000 60.(M) Minneapolis. 222,000 18,000 48,000 Duluth 15.000 St. Louis ... 38,000 121,000 52.000 Toledo 6,000 10,00*) Detroit 1,000 3.000 D.uOO Kansas City. 169,000 50.000 12.000 Peoria 14 000 89,000 22,00*1 Omaha 28.00** 57,000 24.1M* Indianapolis 13,000 62,000 26,000 Totals 572,000 896,000 490,000 Year ago.. 388,000 4U.1J00 600,000 Shipment*— Wheat. Corn. Oats. Chicago 47.000 117.00** 105.000 Milwaukee.. 12.0*in 22.000 15,(K>0 Minneapolis. 88.0*0 17,000 48,000 Duluth 12.000 St. Louts 54.0*0 94,0"0 113 00*) Toledo 3,000 2.000 2.000 Kansas City. 178.<100 16.000 14,000 Peoria 5.000 36.000 28,000 Omaha ..... 20,000 37.000 44.000 ludiauapolis 30,0*X> 8,000 Totals *19,000 395.000 444,000 Year ago.. 412.000 312,000 547,000 —Clearances — Domestic W. Corn. Oats. Philadelphia. 29.000 5,000 Total*.. •• 29,060 5,000 Year ago.. 339.000 79,000 INDIANAPOLIS ( AMI GRAIN. —March 17Corn—Strong; No. 3 white, $164%; No. 3 yellow, $1.61%; No. 1 yellow, $1.%@161%; No. 4 mixed, $159%. Oats—Strong: No. 2 white, 97%@98%e; No 3 white, 96%097%c; No. 4 w-hlte, 97 %C, Hay—Finn; No. 1 timothy, [email protected]; No. 2 timothy. $32032.50: light clover mixed, $32032.30; No. 1 clover mixed, $31.50032. s\\ heat—No. 4 :ed, 1 car. Corn—No. 3 white, 10 cars; No. 4 white 3 cars; No. 3 yellow, 3 cars; No. 4 yellow, 15 cars; No. 5 yellow, 1 cqr; No. 3 mixed. 3 cars; No. 4 mixed. 2 cars; No. 5 mixed, t car; total, 38 cars. Oat* No. 1 white, 2 cars; No. 2 whltp, 5 cars; No. 3 white. 2 ears; total, 12 cars

WAGON MARKET. The following are the Indianapolis prices of hay aud grain by the wagon luad i Hay—Loose timothy, $31032 a ton; mixed, $30032; clover, s:to@33. Corn —$1.5501.65 a bushel. Oats—ooo93c a bushel. Straw —Wheat, SBO9 ton; oata, $14015. WAGON WHEAT PRICES. ludiauapolis elevators and mills are paying $2.35 for No. 1 wheat, $2.32 for No. 2 and $2.29 for No. 3. Al lother grades according to quality. RETAIL COAL PBICEH. Indiana Linton, No. 4, lump $ 6.75 Indiana. No. 5, lump 6.75 Indlaun egg aad nut 6.75 Indiana mine run 6.00 Indlann nut and slack 6.50 Brazil block 8.00 West Virginia splint lump 8.50 Kentucky eastern lump 8.50 Pocahontas shoveled lump 10.00 Pocahontas mine run..... 8.50 Pocahontas nut and slack 8.09 Ry-product coke, all sizes 11.25 Anthracite, all sizes 13.00 Blossnurg, smithing 10.00 West Virginia Cannel 1ump......... 11.00 Illinois lump, Harrisburg 7.50 Hocklug Valley lumD., 8.50

Foreign Travel For Choice Berths — Book Your Passage Now. PARTICULARS AT STEAMSHIP DEPARTMENT I FLETCHER AMERICAN COMPANY Agents for All Lines. CENTRAL STATES AGENCIES Incorporated under tho law* of tha State of Indiana Financial Brokers and Underwriters Market Prlaa Paid for Llbarty Bond* Phones JJiei 1 127 E. Market St., Indianapolis k ' ' ■!■—■■■■ * • 9 Money to Loan on Mortgages STATE LIFE INSURANCE CO.

On Commission Row j Asparagus from California was an arrival. Dealers quoted it at $1 bunch or sll case of dozen bunches. Strawberries are being received in freer quantity and the price has a tendency to be a little easier. Now quoted at 75@80 cents quart box. Demand continues steady. Tomatoes received from Florida point and are selling at $1.35 a basket or s7@ 7.50 crate of six baskets. Demand for this fancy stock is limited, dealers report, by reason of the high price. Car Iceberg head lettuce received from California. Selling at $2.5003.25. This Is tbout steady for the top grades and 50075 c lower for the second grade stock. More head lettuce coming In, dealers say, and the price has been eased off to force movement. Shipment Shallot green onions received and quoted 10 cents dozen bunches lower at 90 cents. Dealers say this is no indication of a weaker market for Shallots, but that the barrels arriving today were loaded heavier and the benefit was given to the trade. TODAY’S PRICES. Apples—ln barrels: Extra fancy Red Jonathans, sl2; extra fancy Grimes Golden, $11; Baldwins, $8.50; Greeuings. $9; Hubbardson, $9011; Jonathans, sb@ 10.50; Rome Beauties. $8.50010.50; Kings, $9; Winesaps, $10: Maine Northern, $10; Wealthy, $8; Work imperials. $9, Kinnalrd Favorites, $6; Grimes Golden. No. 1 grade, $9. Iu boxes: Rome beauties, 80s to 150s, $3.50; Grimes Goldens. 90s to 1755, $3.50; Delicious. 80s to 150s, $4.50; Yellow Ortley, 72s to 1625. $3.5003.75; Spltzenberg, 80s to 150s, $3.50. Bananas—Pound, B%c. Beans—Michigan navy, in bags, per lb., I 7%c; pinto, 7%c; limas, 13%c. i Heels —65-lb. bags. $1.73 I Cauliflower—Crate, $2.2302.75. i Carrots—Basket, 40 lbs, $1.75: new ■ crop, dozen bundles. $1; hamper. $2.50. j Celery—Florida, $4.5005 crate. CraDLerries—32- lb. box. $3; %-bbl. box, $5 50. Cucumbers— Hothouse, Davis, dor, $2.75; i box 2 doz, $5. ! Excelglor Dates—Three-doa pkgs, $5.75 Figs—New, in boxes. 50 ukgt>. 6-oz, 55c; 24 pkgs, S-oz, $3.50; 12 pkgs, IQ-oz, $2.25. | 10-lb layer, $3.23; Smyrna, box. 11 lba, $4 20; Spanish, bo* 2 lbs, $5.50. | Garlic—Pound, 30c. Grapefruit—Extra saucy, Florida*, S4O $4. <5Honey—Comb. new. cases of 24 caps, : $7 75; extracted, 60-!b tins. '"”2c* South American, dark ex'raeted, 16c lb. Lemons—Calilornias, staudadrd box $5.5006. Lettuce—Leaf. lb. 10@20c; Iceberg, crate 4 doz, $2.5003.50. Mangoes—Florida, 2 doz. basket, $125; crate, sl2. . Nuts Filbert*, lb, 29032 c; English wulnutfl. 37@40c; chestnuts, 35c; pecans, 30;, 60'*, 70c; Brazils. 28c; almond, 330 36c; shellback hk-kor*. 10** Oranges—California navel box. $4 500 7.50; Sunkist, $6 5008: Florida. $608.50. Onions—lndiana veiiows. rwt. $7; western yellow. $7; Spanish Impoited, 40 lb basket. $2.60; shallots, doz, 9**c. i Onion Sets—Red anu yellow;, bushel, $4; i white, $4 25. ! Popcorn— Pound. 9c. Potatoes—Bakers fancy, rwt., $6; j northern white, $5.60. I Potatoes, See.r- -Hod River Ohio, cwt., I $6; Early Rose. $5.75: Eastern Cobblers. | s*>; Six Weeks Triumphs, $5.75. Sage—Fancy, no*. 50c. Spinach—Large, orate, $4; Texas, bu*.. $2.15. j Strawberries —Quart box, 75@SSo. Sweet Potatoes—Eastern Jersey, bo, $2 75: Nan- y !falls. $2 23Tomatoes Crate. 6 baskets, [email protected]; . basket, $1 2501.n0. WHOLESALE PRODUCE. Wholesalers are paying the following prices in Indianapolis for eggs, poultry and packing stock butter: : Eggs Fresh, 38c doz. Poultry Fowls, :;2o; broilers. 1% to ,2 lbs, 30c; cocks. P-c; old tom turkeys. 35c; young tom turkeys, 12 ibs and up. ■ ; 40'; cull thin turkey* i ; ducks, 4 lbs up. 24c; ducks, under 4 lbs. 20'; geese. 10 lb* up, 20-; squabs. 11 lbs to doz. $7.50. Butter—Clean packing stock. 33c 1b; fresh creamery butter, m prints, is sell- ; lng at wholesale at silk-; In tuba, 68c. Butter Fat Indianapolis buyers are paying 70c lb. * hoese (wholesale selling price*)— Brh k, 29030 c lb; New York cream. 32c; W tK.'onsin full cream. 31c; longhorns, 33034 c; liruburger, 38c. CHICAGO PRODUCE. _ (’HK AGt). March 17.—Butter Receipts. •••<*•> Dll** l . creamery extra. 67c; extra first-. 67c ; first- tino t'eV ; packing stock 34039 c. Eggs Receipts, 20,422 cases; miscellaneous receipts, 40@42c; firsts 43%e; dicks, :;s@;b*c ; dirt lew. 38@390 (bee*.*- -Twins, tow. 28@28%r; dairies. 29%@.i0%c; young Americas. 30@3u%c • longhorns, 300 .'MS' ; brick. 27<@27%c Live poultry- - Turkeys, its ; chickens. ‘ 42c; spring, 42c; roosters, 26c; geese 2”c* ducks. 38c. Potatoes Receipt* 51'car* : Minnesota. Dakota and Ohio, $5.400560 per 100 lbs. LOCAL HIDE MARKET. Green Hides—No. i. ISc; No. 2 17c Green Calve*—No. 1,40 c; No. 2 38%c' Horsehides— No. 1. $10; No. 2. s9.’ Cured Hide*—No. 1. 20c: No. 2. 19<*.

Your Excess Jr Profit Taxes re eter ' v / w mined Upon Asek 'Sty' j Your Formerly Deputy Invested T.x Co'lector. j Qpj^J Certified Public Accountants Auditors or bookkeepers should prepare your Federal tax statements under the direction of a man who has been Trained in the Revenue Service Valuable service Is thus rendered both you and the government. Accurate knowledge of constantly changing lax lawn, rules and regulalion* i* necessary for the correct preparation of your returns. Arrange for Early Consultation CHAS. P. DONEY INCOME TAX SPECIALIST. F.Htablishf'ij 1917. 806 Hume-Mansur Building. Main 6416 —Phones— 23-144 Auto

FIELDS TOO' WET FOR FARM WORK Weather Report Says Ground Rain Soaked. Only the usual run of farm work was accomplished the past week, according to a summary of weather and crop conditions Issued today by the local office of the United States weather bureau. The report says: “The week averaged warm and temperatures were mild generally, except on Saturday and Sunday, when freezing weather prevailed. “Rains were general and moderately heavy during the first three days of the period and also at its end, causing tbe disappearance of the remaining snow and Ice. The frost has about left the ground in most areas. “Freezing nnd thawing further injured winter grains and grasses, but the general rains were favorable. Borne wheat and rye fields were becoming green. “Little more than the usual farm work was accomplished in most sections, as the ground wig too wet. “Very little n aple syrup was made during the week. “The rains further softened dirt roads which are now generally very muddy and in placf* almost Impassable, but improved roads Continue in fair condition.”

LIBERTY BOND SERVICE WE ARE PREPARED TO EFFECT THE EXCHANGE OF YOUR TEMPORARY LIBERTY LOAN BONDS FOR THE PERMANENT BONDS WITH ALL COUPONS ATTACHED. WE ALSO BUY AND SELL AT CURRENT MARKET PRICES ALL ISSUES OF LIBERTY LOAN BONDS. HAUEISEN & JEWETT 412 FLETCHER SAVINGS & TRUST BUILDING. MAIN 3698 AUTO. 23-498

$300,000.00 LAFAYETTE BUILDING COMPANY 7% PREFERRED STOCK Dated March 15, 1920 • Maturity March 15, 1925 Callable at 102 and dividend on thirty days’ notice at dividend period. Dividends quarterly, June 15, Sept. 15, Dec. 15 and March 15. Fletcher American National Bank, Indianapolis, Trustee of Sinking Fund and Registrar. Under Indiana Statute not subject to State, County or City taxes. CAPITALIZATION The LaFayette Building Company is incorporated for $1,000,000 capital, of which $500,000 is 7 per cent preferred, and $500,000 common stock. There is to V*e issued presently, $300,000 of the preferred aud $300,000 of the common. By the terms of the trust agreement covering this issue, the $300,000 of common is first fully paid up. and this sum must tirst be expended on the property before a dollar of the $300,000 preferred stock proceeds goes in. Thus is insured an actual cash investment equal to twice the preferred stock. The additional preferred stock can not be issued until a like amount of additional common stock is paid up. COMPANY AND ITS PURPOSE The LaFayette Building Company is the tirst enterprise launched to meet on a large and practical scale au acute phase of the housing problem in Indianapolis, aud at the same time to place the enterprise on the sound aud conservative basis which the careful purchaser of securities exacts. The LaFayette Motors Company, with a $4,0(X),000 cash capital, has established its plant in Indianapolis, aud the details of this organization are generally known in Indiana. It is probably the largest single industrial acquisition recorded in the one hun-dred-year history of the Indiana capital. The Company now has 250 men employed; has machinery on hand for the employment, of 600 men by July 1, and expects to have a 2,000-raen pay roll by 1921. With ample finances, with a personnel embracing some of the best known automobile experts iu the United States, and with skilled mechanics from over the country anxiously waiting to come to Indianapolis and buy homes near this plant, the Company is confronted by the impossibility of bousing these employes. The LaFayette Building Company will meet this situation oy erecting from 100 to 150 modern houses near the plant.. The LaFayette Motors Company has subscribed and paid for at par SIOO,OOO of the common stock, and an additional $200,000 has been taken by Indianapolis business men. The undersigned banking syndicate has taken $300,000 of the 7% preferred stock, and with this large capital, work on a large scale will proceed at once. THE SALE OF HOMES The 7% preferred stock of the LaFayette Building Company will mature in five years. Beginning iu two years, all of the proceeds from the sale of the houses built are accumulated in a sinking fund which is disbursed each six months by the Trustee, the Fletcher American National Bank, in the redemption by lot of the preferred stock at 102 and accrued dividend. The houses, being constructed in a large number at one time and for cash, will be erected at a minimum cost. They will be sold to employes of the LaFayette Motors Company at the actual cost plus the carrying charges for the money employed. No salaries are to be paid officers of the LaFayette Building Company. The plan calls for a payment by the purchaser of 20% down and 1% a month, a procedure which, experience has shown. Avorks out quite satisfactorily. The Directors of the Company will be; Louis C. Huesmann, President Central Supply Company. George B. Elliott, Vice President Breed, Elliott & Harrison. Sol S. Kiser, Vice President Meyer-Kiser Bank. Maurice J. Moore, Treasurer LaFayette Motors Company. Elmer W. Stout, Vice President Fletcher American National Bank. —and two others chosen from civic organizations of Indianapolis. The undersigned, ha\’ing purchased outright the $300,000 issue of 7% preferred stock, offer it to the public at par, and commend to investors the large equity back of it, the high character of the management, and emphasize the opportunity of investors to purchase a high yield, tax exempt security, the proceeds of which materially aid the upgrowth of Indianapolis. FLETCHER AMERICAN COMPANY Meyer-Kiser Bank Breed, Elliott & Harrison Haueisen & Jewett City Trust Company

TODAY’S MARKET NEWS IN BRIEF HEW YORK STOCKS. Market opened strong, but reactions soon set In. Profit taking gave traders chance to stagq several raids and prices dropped off fro mtbe high levels ruling at the start. In the late afternoon market rallied in substantial manner and closed strong. GRAINS. Indianapolis Cash —Corn, strong, l@2c higher; oats, strong, lc higher; hay, firm. Chicago Cash —Corn, %@2c higher; oats, %@l%c higher. Chicago Futures—Corn, 1%@2%c higher; oats, 1%@1%c higher. Toledo Cash—Corn, 2c higher; oats, lc higher; rye, lc higher; barley, steady. LIVE STOCK. Indianapolis—Hogs, 10@25c higher; cattle, steady; calves, strong to 50c higher; sheep, steady. Chicago—Hogs, 20@25c higher; cattle, strong to 15c higher; sheep, steady. PROVISIONS. Chicago Board of Trade —Pork, 25@35c .higher; lard, 12015 c higher; ribs, 17@ 22c higher. LOW EXCHANGE COSTLY. The adverse exchange of England on America, it is estimated, Is costing that ;ountry $1,125,000,000 a year.

COTTON MARKET OPENS STEADY Losses Appear in New as Liverpool Sells. NEW YORK, March 17.—Cotton opened steady today, at an advance of 19 points to a decline of 7 points, the losses occurring in new crops as the result of selling by Liverpool. T riding became less active at tbe end of the first fifteen minutes, but the tone held steady. LIVERPOOL, March 17.—Spot cotton in more inquiry; prices easier; sales, 4.000 bales. American middling fair, 33.17 c; good middling, 50.17 c; fully ml<l* filing, !.r7c; middling. 28.17 c; low middling, 24.87 c; good ordinary, 21.67 c; ordinary, 20.67?. Futures opeced quiet. Demand Sterling Opens lc Higher NEW YORK, March 17.—Nominal quotation for demand sterling was $3.73%, and cables, $3.74. up %; franc cheeks, 13.42; cables 13.40, up 7 centimes, marks cables .0135, off .0002. Demand sterling opened at $3.73%, U , 1 cent; franc checks 13.42. off 7 centimes; lire checks 18.17, off 5; marks demand .0136, unchanged.