Indianapolis Times, Volume 33, Number 302, Indianapolis, Marion County, 28 April 1921 — Page 10

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STOCK MARKET FINISH STRONG Some Issues Rise to New High Marks for Day. NEW YORK, April 28—The ■took market cloaed strong today. Profit-taking caused a shading off In some Issues, but other stocks rose to new high figures for the day. Reading was the most active of the rails, selling up nearly 8 points to 73. Baldwin Locomotive, In which business was In large Tolume, rose over 2 points to 90%. Royal Dutch rose to 65%, a gain of 2*4 points. Studebaker, after selling up to 02%, reacted to 90%, a gain of about 4 points. United States Steel was steadily taken and finished at 83% a gain of %of a point. Total sales of stocks today were SS7,800 shares. Bond sales totaled $12,805,000. (By Thomson & McKinnon.) —April 2S Since the closing of the market yesterday nothing transpired prior to our opening to Influence traders In either direction The news from Europe was substantially unchanged. Reports from foreign capitals Indicated dissatisfaction with the German reparation proposals, but in London the statement of the prime minister leaves some room for hope that negotiations will proceed and there is still a good chance that an agreement will be reached without the necessity of additional force. In the stock market the early trading was uninteresting, though we had some activity In a few oil stocks with Royal Dutch as the main feature. Later on activity developed In Studebaker, and as shorts began to competo with commission houses for limited offerings, this stock moved forward rapidly and established anew high on the present advance. The market In general shows a very good undertone. Recessions do not extend very far and meets with public support, which Is a decidedly good Indicator of a more optimistic frame of mind, and Is undoubtedly based on business improvement. It Is Jnst likely that we may bars a little irregularity for a short while but we continue to feel friendly toward the market and regard purchases on reactions as the best policy. TWENTY STOCKS AVERAGE. NEW TORK, April 28.—Twenty Industrial stocks averaged 78.11, off .76 per cent. Twenty active rails averaged 70.34, off .91 per cent. CLEARING HOUSE STATEMENT. NEW TORK, April 28.—Exchanges, $547,213,342; balances, $58,632,901; Federal Reserve Bank credit balances, $44,581,782. V

Money and Exchange

Indianapolis bank clearing Thursday were $2,062,000, against $2,255,000 for Thursday a week ago. NEW TORK, April 28.—Foreign exchange opened steady today with demand Sterling %c higher at $3.94-. Francs were 3 centimes lower at 7.56 c for cables and 7.54 c for checks. Belgian francs were 1 centime higher at 7.61 c for cables and 7.60 c for checks. Lire yielded 4% points to 4.83 c for cables and 4.82 c for checks. Guilder cables were 36c; checks, 34.98 c. Swedish kronen cables were 23c; ch;ks, 22.95 c. Marks were 1.52 c. NEW YORK CALL MONET. NEW TORK. April 28.—Money: Call money ruled 6% per cent; high, 7 per cent: low. 6% per cent. , Time rates. Steady; all 6%®7 per cetit. Time mercantile paper, steady. Sterling exchange was strong, with business in bankers' bills at $3.95 for demand. MOTOR SECURITIES. (By Thomson & McKinnon.) —April 28— —OpeningBid. Ask. Briscoe 16 17 Chalmers com 1 1% Packard com 10% 11 Packard pfd 71 76 Chevrolet 100 400 Peerless 22 25 Continental Motors com 6% 6% Continental Motors pfd 88 93 Hupp com 14 14% Hupp pfd 88 94 Reo Motor Car 21% 22% Elgin Motors 5% 7 Grant Motors 3% 3% F.ord of Canada 273 281 United M0t0r5..... 30 60 National Motors 6 10 Federal Truck 19 21 Paige Motors 21 22% Republic Truck 13 20 ACTIVE OIL STOCKS. (By Thomson & McKinnon.) —April 28— • —Opening— Bid. Ask. Anglo-American Oil 18% 18% Atlantic Lobos 23 25 Borne-Scrymser 360 390 Buckeye Pipe Line 82% 83% Chesebrough Mfg .Cons 190 210 Cheeebrough Mfg. Cons., pfd. 98- 101 Continental Oil. Colo 122 125 Cosden Oil and Gas 7% 8 Crescent Pine Line 28 30 Cumberland Pipe Lin# 135 145 Elk Basin Pete 9% 9% Eureka Pipe Line 02 95 Galena-Signal Oil, pfd 93 97 Galena-Signal Oil, com 42 44 Illinois Pipe Line 174 177 Indiana Pipe Line 82 84 Merritt Oil 12% 12% Midwest Oil 1% 2% Midwest Rfg 144 146 National Transit 27% 28% New York Transit 145 150 Northern Pipe Line 93 96 Ohio OU 315 319 Penn -Mex 80 32 Prairie OU and Gas 500 510 Prairie Pipe Line 195 198 Sapulpa Refg 4% 4% Solar Refining 415 425 Southern Pipe Line 97 100 South Penn. Oil 236 240 Southwest Penn. Pipe Lines 67 70 Standard Oil Cos. of Cal. ..j. 77 77% Standard Oil Cos. of Ind 73% 73% Standard Oil Cos. of Kaa 620 630 Standard Oil Cos. of Ky 400 410 Standard OU Cos. of Neb 165 175 Standard Oil Cos of N. T. ... 366 870 Standard OU Cos. of Ohio ... 395 400 Swan <fc Finch 35 45 Vacuum Oil 300 304 Washington Oil 28 32 NEW YORK CURB. (By Thomson A McKinnon.) —April 28— Closing „ Bid. Ask. Cnrtls Aero com 3 4 Curtis Aero pfd 10 * 20 Texas Chief 8 15 First National Copper.. % iix Goldfield Con 4 6 Havana Tobacco 1 1% Havana Tobacco pfd 4 6 Central Teresa 2 4 Jumbo Extension 4 6 International Petroleum 16 16% Niplsslng 7 Indian Pkg 1% 2% Royal Baking Powder..ll3 116 Royal Bak. Powder pfd.. 80 83 Standard Motors 6 7 Salt Creek 30 S5 Tocopah Extension 1% 1% Tonopaii Mining I 5-16 1 1-I6 United P S new 1% 1% U. S. Light and Heat 1% 1% U. S. Light and Heat pd. % 1% Wright Aero 2 fl World Film 1-16 3-16 Yukon Gold Mine C 0.... % 1 Jerorn* v. 1-16 3-16 New Cornelia 13 15 United Verde 26 28 Sequoyah 5-16 7-16 Omar Oil 2% 2% Republic Tire % 1% Noble OU 40 42 t CHICAGO STOCKB. (By Thomson & McKinnon.) —April 28Open. High. Low. Close. Carb. & Carbon 52 52% 52 52% Libby 10% 10% 10% 10% Mont.-Ward .... 21 21% 21 21 Nat. Leather ... 8% 8% S% 8% Sears-ltoebuck . 85% 87% 85% SC% Stewart-Warner 29% 29% 29 29% Swift ACo 100 100% 100 100% Swift Inter 25% 26% 25% 26 NEW YORK PETROLEUM. NEW TORK, AprU 28. —Petroleum was firm on the market here today, with Pennsylvania crude oU quoted u $3.50 % barrel.

N. Y. Stock Prices

—April 28— Prev. High. Low. Close. Close. Allied Chem.... 44% 42% 44% 43 Ajax Rubber... 35% 35 35% 34% Allls-Chalm. ... 37% 37% 37% 37 Am. Agrlcul.... 47% 47% 47% Am. Beet Sng.. 38 38 38 37% Am. Bosch Mag. 58 57 % 57% Am. Car A Fdy.126% 125% 126% 125 Am. Can 31% 30% 30% 30% Am. Ice 58% 57% 57% 59 Am. Inti Corp. 40% 44 46 % 44% Ami Locomot.. 88% 80% 88 80% Am. S. A Ref.. 42% 42 42% 42 Am. Sug. Ref.. 88% 80% 88% 87% Am. Sum. Tub.. 71% 70% 70% 70% Am. Steel Fdy.. 30% 30 30 % 80% A. Tel A Tel.. 107% 107% 107% 107% Am. Tobacco .121% 119% 121% 119% ''Am. Woolen .. 79% 76% 79% 70% Associated OU .101% 101% 101% Ana. Min. C 0... 40% 40% 40% 40% Atchison 81% 81 81% 81% At. Gulf AW. I 39% 38% 38% 38% Baldwin Loco .. 90% 88% 99 87% B. A 0 30% 36 36 % 35% Beth. Steel (B) 59% 55% 59% 58% California 45% 45% 45% 43 Cana. Pac. Ry. 111% 110% 111% 111 Central Leather 35% 34% '85% 35 Chandler Motors 84 82 % 83% 82% C. A 0 61% 60Vi 01% 00% C. M. AS. Paul 26% 25% 25% 25% C. M. AS. P pfd 41 39% 41 89% Chino Copper... 24% 24 24 24% Chi. AN.W... 63 62 % 63 63% Chill Copper ... 11% 11% 11% 11% Coca Cola 30% 30% 30% 80% Columbia Gas.. 61% 01% 61% 01% Columbia Graph 8% 8% S% 8% Conti. Can 56 54% 56 50% Cosden OU 41% 40% 41 40% Corn Products.. 74% 73% 73% 78% Crucible Steel... 82% 80% 81% 81% C., R. I. A Pac . 27% 26% 27% 26% C.,R.I J AP.6%pM 62 62 62 61 C..R.1.&P. 7%pfd 72% 72% 72% 72 Cuban Am. Sug. 22% 22% 22% 22% Cuban Cane Sug 18% 18% IS% 18% Dome Mines 20 19% 20 19% Erie 13% 13 13 12% Erie Ist pfd 19% 18% 19% 19 Famous Players 81% 79% 81% 90 Fisk Rub. Cos.. 15% 15% 15% 15% General Asphalt 74% 71 73 70% Gen. Electric... 137 136% 137 137 General Motors. 13% 13% 13% 13% Goodrich 37% 37 37 % 37% Gt. North, pfd. 71% 70% 71% 70 Gt. North. Ore. 30 30 30 30 Gulf Sts. Steel. 36 35 36 33% Houston 0i1.... 80% 79% 80 ,80% Illinois Central. 81% 71% 91% 91% Insplr. Copper. 35% 85% 35% 35% Interboro Corp. 4% 4% 4% 4% Invincible Oil.. 20% 19% 20 20% Inter. Nickel... 16 15% 15% 15% Inter. Paper.... 64% 69% 62% 59% Ist Oil A Trans. 4% 4% 4% 4% K. C. Southern 37% 26% 26% 26% Kelly-Spg. Tire. 44% 4243% 43 Kenne. Copper. 20% 20% 20% 20% Lacka Steel 53 52 52 % 53% Lehigh Valley. 49% 49% 49% 49% Lee Tire 27% 27% 27% Loew's, Inc 19% 18% 19% 18% Marine, com. ... 14% 14% 14% 14% Marine, pfd. ... 54% 63% 54% 53% Max. M. 2d, pfd. .8 8 8 8 Mex. Petroleum. 151 % 117% 149% 150% Miami Copper .. 22% 23 23 % 23% Mid. States OU. 15% 14% 14% 15% Midvale Steel .. 29 28% 28% 28% K. A T 2% 2% 2% 2% Missouri Pac. .. 18% IS% 18% 18% Mo. Pac., pfd. .3S 37 37% 37% Nev. Con. Cop. . 12% 12 12% 12% N. Y. Central.. 69% 68% 69% 65% New Haven 17% 17% 17% 17% Norfolk A Weet 95% 94% 94% 84% Northern Pac.. 74% 72% 73% 72% Pacific Oil 37% 37% 37% 37% Pan.-Am. Petrol 72% 70% 71% 71% Pence. Ry 34% 33% 34% 33% People's Gas... 47 47 47 47 Pierce Arrow... 35% 83% 84% 34 Pierce OU C 0... 11 10% 10% 11 Pittsburgh Coal 61% 61% 62 61% Pressed Stl Car 87 86 • 87 Pull. Pal. Car.. 106% 104% 105% 104% Pure Oil 35% 35 35 % 35% Ray Copper 13% 13% 13% 13% Reading 73 ' 70% 73 70% Rep. Iron AStl. 64 63 63% 63% Reploge Steel... 82% 31% 31% 32 Roy. D. of N. Y. 69 06% (8% 60% Sears Roebuck. 87% 85% 80% 85 Sinclair 26% 26% 20% 26% Southern Pacific 75% 74% 75% 74% Southern Ry 21% 21% 21% 21% Sta. OU. N. J,. .151% 150 150 151 St.L.A S.F.com . 22 22 22 22 Stromberg Carb. 42% 39% 41% 40 Studebaker 92% 86% 91 861% Tennessee Cop.. 10% 10% 10% 10% Texas Cos 43% 42% 42% 43% Texas & Pacific 21 20% 21 20% Tobacco Prod... 54% 53% 53% 53% Transcntl. 0U... 11% 11% 11% 11% Union OU 22 21% 21% 21% Union Pacific.. .116% 116 116% 116% Unit. Ret. Rtrs. 54 52% 53% 52% U. S. Food Prod. 20% 20% 20% 20 United Fruit.. .111% 108% 110% 109 U. S. Ind. Alcoh 69% 681* 69 68% TT. S. Rubber... 75 73% 75 74% U. R. Steel 83% 82% .83% S3 U. S. Steel pfd.llo% 110% 110% 110% Utah Copper 53% 53% 5.3% 54 Vanadium Steel. 34% 33% 34% 33% Vlr.-Car. Chem. 30 29% 29% 31% Wabash 7% 7% 7% 7% Wabash Ist pfd. 20% 20% 20% 20% White Oil 16% 16% 16% 16% Western Union. 90 90 90 90% West. Elec 48 47% 47% 48 White Motors.. 41% 41 41 41 Willys-Overl’d . 8% 8% 8% 8% Wilson A C 0... 43 43 43 43 Worth. Pump.. 49% 48% 49% 49

NEW YORK LIBERTY BONDS. —April 28— Prev High. Low. Close, close. L. B. B%s 88.70 88 20 88.50 88 12 L. B. Ist 4s 87.00 L. B. 2d 4s 86 7(j L. B. Ist 4%5... 87.28 BT.OO 87.28 87.20 L. B. 2d 4%s 87.16 86.82 87 04 86.88 L. B. 2d 4%s 90.54 90 24 90.38 90.30 L. B. 4th. 4%5../ 87.28 86.92 87.12 86 94 Victory 3%s 97.62 97.52 07.54 07.50 Victory 4%s 97.66 97.50 07.60 97.52 NEW YORK METAL MARKET. NEW YORK, April 28—CopperWeak; spot and April, 12%@12%c; May, 12% at 13c; June and July, 12%@13c. Lead—Firm; spot, April, May and June, 4.60@5c. Spelter—Firm; spot, and April, 4.9®3c; May and June, 4 [email protected]. NEW YORK WOOL MARKET. NEW YORK, April 28—Wool was quiet today, with domestic fleece, XX Ohio, quoted at 22©44c per lb; domestic pulled, scoured basis, 10@72c; and Texas domestic, scoured basis, 40®82c. NEW YORK HIDE MARKET. NEW YORK, April 28— Hfties Were steady today, with native steer hides quoted at 10c per lb., and branded steer hides at 7c. NEW YORK RAW SUGAR. NEW YORK, April 28.—Raw sugars were quiet today. Cubas were quoted at 4.89 c per lb., duty paid, while I’orto Ricos were *elling at 4.89 c per lb., de livered. NEW YORK REFINED SUGAR. NEW YORK, April 28.—Refined sugar was weak today, with fine granulated selling at 6.75®7c a pound.

In the Cotton Market

NEW YORK, April 28.—The cotton market opened 7 to 10 points higher today on the reduction In the Bank of England rate, Improvement In the British coal situation and stronger cables from Liverpool, which led to fair buying here. At the end of the first twenty minutes, the list was steady at about C points above last night’s close. New York opening cotton: May, 12.1,8 c; July, 12.72 c; October, 13.3Gc; December, 13.80 c; January, 13.90 c; March, 14.12 c. The market closed quiet and featureless today, with prices 5 points higher to 3 points lower. LIVERPOOL. April 28.—Spot cotton was In moderate inquiry at the beginning of business today, with prices steady and sales close to 5,000 bales. American middlings were fair, 10.98d; ffJTod middlings, 8.83d; full middlings, 8.28d ; middlings, 7.63d; low, 6 58d ; good ordinary, 5.33d; ordinary, 4.58d. Futures were quiet. CHICAOO PRODICE. CHICAGO. April 28.—Butter—Receipts, 6.057 tubs; creamery extra, 35c; firsts, 26@33V4c; packing stock, 12@13e. Eggs— Receipts, 22.475 cases; current receipts, 20@21c; ordinary firsts, lS(gl9e; firsts, 21H<022c: extras, 24(4@26c; checks, 10\4c; dirties, Cheese—Twins (new), 16c; daisies, 15^(0^; young Americas, 16%c; longhorns, 15(015Vo; brick, 16c. Life poultry—Turkeys, 40c; chickens 27c • roosters, 15c; geese, 16(0 18; ducks, 32c. Potatoes—Receipts, 47 cars; Minnesota and Wisconsin, 95 c® fLO*

HOG PRICES SUSTAIN GAINS Swine Values Generally 25 Cents Up—Cattle Strong. RANGE OF HOO PRICES. Good * Good Good April Mixed. Heavy. Light. 22. {8.50 $8.25 @> 8.50 {8.50 23. 8.75 8.75 8.75 25. 8.25 8.25 8.25 26. 8.00 8.00 8.00 27. 8.26 8.26 *.26 28. 8.50 8.50 S.6o@ 8.60 With keen competition between local packers and other buyers, light receipts and considerable infiypnee extended by higher price tendencies on other markets of the country, swine prices were 25@35e higher at the /Opening of the local livestock exchange today and continued in that matter during the short session. Practically all graues of good hogs brought $8.50, while there was one or two loads that brought $8.60, which was the top for the market. Receipts approximated 6.000, with close to two-thirds of that number being taken by local packers. Kingan A Cos. bought 3.000 swine. Roughs brought $6.75 and down, while pigs sold at the price'of the loads. With only a light run of cattle on the market and a fairly good demand considering the slowness of the beef mar ket, prices were strong to 25c higher on the better cattle of all grades. Receipts ran close to 800 cattle. Veal values were fully 50c up on a good demand, with the bulk of the choice veals at $9®9.50, good calves at $8.50®9, mediums selling at $7.50®8.60 and common grades $50,7.50. There were close to 650 calves on the With close to fifty springers on the market prices of that grade was strong at sl3(£ 14. HOGS. Best light hoge, 100 to 200 lbs. average $ S.so@ 860 200 to 300 lbs 8.50 Over 300 lbs 8.60 ..... Sows 6.00(8 6.15 Stags 5.00(0) 6.00 Best pigs, upder 140 lbs 8.0 '@ 8.50 Bui* of sales 8.50 CATTLE. Prime comfed steers, 1,000 lbs. and up B.oo® 9.20 Good to choice steers, 1,100 to 1,200 lbs 5 7.75® 8.25 Good to choice Steers, 1,100 to 1,200 lbs 7.25® 8.25 Good to choice steers, 1,000 to 1,200 lbs 7.00® 8.00 Medium steers, 1,000 to 1,100 ' lbs ...-• 6.50® <.75 Common to medium steers, 800 to 1,000 lbs 5.00® 6.00 —Heifers and Cows— Good to choice heifers 6.50® 8.75 Medium heifers ... 5.25® 6.25 Common to medium heifers... 4.50® 5.50 Good to choice cows 4.75® 6.50 Fair to medium cows 4.00® 6.00 Cutters 2 75® 4.00 Canners 2.25® 3.00 —Bulls—'Good to choice butcher bulls. 5.00® 625 Bologna bulls 6.00® 6.50 Light common bulls 4.00®’ 4.50 —Calves— Choice veals 9 00® 9.50 Goojl veals 8.30® 9.00 Medium veals 7.50® 8.54) Lightweight veals 6.00® 7.50 Common heavyweight veals . 5.00® 7.00 —Stockers and Feeders — Good to choice steers under 800 lbs 7.00® 8.00 Medium cows 4.75® 5.00 Good cows 6.00® 5.50 Good heifers 5.25® 6.25 Medium to good heifers 4.25® 3.75 Good milkers 45.00®85.00 SHEKI* AND LAMBS. Good to choice sheep 2 00® 4.00 Fair to common sheep. 2.50 Bucks 2.UO® 3.00 Cull sheep I.oo® 2.00 —Lambs— Common to choice yearlings. 5.00® 6.00 Good lambs 6.00® 9.50 Springers 13.00®14.00

Other Livestock

CHICAGO, April 28— Hogs -Receipts, 24,000; market, 15@35e up; bulk, 88.10 @8.50; butchers, $8(08.50; packers, $690 @7.75; lights, $8.25(08.00; pigs. s7@B; roughs, SG.6S(gH9O. Cattle—Receipt s, 8,000; market, 15c up; beeves, $7.25®, 9; botchers. $5.25<g5.75; canners and cutters, *2.25®4.75; stockers and feeders, $3.50® 7.75; cows, $4 75(07: calves, $7.50<g9.75. Sheep—Receipts, 15,000; market, steady; lambs, $7.75® 10.25; ewes, $2.25(®7 25. CINCINNATI, April 28.—Hogs—Receipts, 5.500; market active and 25c higher; all grades of good hogs, $8 50; roughs. $0.75: stags, $4 50®4 75. Cattle —Receipts, 600; market weak: bulls weak: calves, SO. Sheep and lambs - Receipts, 150; market strong: wool sheep, $6; clips, $5 75; lambs, $11; clips, $10; stringers, sl7. CLEVELAND, April 2.8.-Flogs-Re-ceipts, 4.000; market, strong; Yorkers, *8.75; mixed, $8.75; mediums. $8,75; pigs. $8.50(g!8.75; roughs. $6.25; stags,- $4 25 Cattle—Receipts, 300; market, slow, weak. Sheep and lambs Receipts, 600; market, 25c up; top, sll. Calves—Receipts, 350; market, strong; top. sll, PITTSBURGH, April 28—Cattle—Receipts light; market steady; choice, $8.50 @9; good, $8(08.50; fair, s7<gK; veal calves, slo® 10.50. Sheep and lambs—Receipts light; market steady; prime wethers, $0.75®7.25; good, sd®.so; mixed fair, [email protected]; bpring lambs, $10.50® 11. Hogs—Receipts, 20 double declyi; market higher; prime heavies. [email protected]; mediums, $8 75(g8.85; heavy yorkers, $8.75® 8 85light yorkers. $8 [email protected]; pigs, $8.75@ 8.85; roughs, $5(06; stags, $3.50® 4. EAST BUFFALO, April 28.—CattleReceipts, 150; market slow to weak; shipping steers, SS®B.SO; butcher grades $7 50®8.25 ; cows, $2®6.75. Calves -Receipts, 400; market active, 25c up; culls, choice, $4.50® 10.75. Sheep and lambs— Receipts, 1,200; market slow to 25c lower; choice lambs, $10.75(011; culls fair, $5(09.75; yearlings, $8(09; yearlings, sß®9; sheep, $3®,7.50 Hogs- Receipts, 1.300; market active, 10®2.V up; yorkers. '58.75(®9 25; pigs. $5.75®9; mixed $9 (ft 9 10; heavies, $8.9009; roughs, $6 25® 6 75; stags, $4 50(05. EAST ST. LOUIS, April 28. —Cattle— Receipts, 200; market, steady to 25c up; native beef steers, $7.50(08.10; yearling beef steels and heifers, $7(08.25; cows, $4.25(06.75 stockers and feeders’, .s6® 7 75; calves, $8.50®9; canners and cutters, [email protected]. Hogs—Receipts, 0500; market K*®2oc higher; mixed and butchers, $8.15(08.40; good heavies, sß.lo® B.sft; rough heavies. $5.75(041.85; lights, $8.25® 8.40; pigs, [email protected]; bulk of sales, $8.15" @8.40. Sheep—Receipts, 2100; market steady; ewes, $5.50(06- lambs, $9(09.00; cauners and cutters, $4(04.50. WHOLESALE FEED PRICES. Ton. Cwt. Acme Bran $30.00 $1.55 Acme Feed 3UK) l.fio Acme Middlings 33.00 1.70 Acme Dairy Feed 40.00 2.05 E-Z Dairy Feed 80.50 1.55 Acme 11. A M 30.50 1.55 Acme Stock Feed 24.50 1.25 Cracked Corn 29.75 1.55 Acme Chick Feed 38.25 1.95 Acme Scratch 35.25 1.80 E-Z Scratch 33.25 1.70 Acme L>ry Mush 41.00 2.10 Acme Hog Feed 39.75 2.05 Ground Barley 30.25 2.00 Homlik Yellow 24.00 1.25 Rolled Bariey 39.25 2.00 Alfalfa Mol 37.00 1.90 Cottonseed Meal 36 50 1.85 Linseed Oil Meal 48.00 2.45 i Chick Mash 45.0(1 2.30 FLOUR AND MEAL. E-Z Rake bakers’ flour in 98-lb cotton bags SB.IO Corn meal, in 100-lb cotton bags.. 1.90 INDIANAPOLIS PRODUCE. Eggs—Fresh, loss off, 19c. Poultry— Fowls, 23c; broilers, 1(4 and 2 lbs, 50c; cocks, 10c; stags, 10c; old tom turkeys, 80c; young hen turkeys, 35c; young tom turkeys, 35e; cull thin turkeys not wanted; capons, 7 lbs and up, 42c; ducks, 4 lbs. and up, 22c; ducks, under 4 lbs., 20c; geese, 10 lbs and up, 15c; squabs, 11 lbs to dozen, $4.50; guineas, 9-lb size, per dozen, $6. Butter—Buyers are paying 4G@47c per lb. for creamery butter, delivered in Indianapolis. Butterfat —Buyers are paving 44c per lb. for butterfat, delivered In Indianapolis.

INDIANA DAILY TIMES, THURSDAY, APRIL 28, 1921.

Local Stock Exchange

—April 28— STOCKS. Bid. Ask. Ind. Ry. A Light Cos. com Ind. Ry. & Light Cos. pfd 86 Indpls. A N. \V. pfd 75 Indpls. A S. E. pfd 75 Indpls. St. Ry 60 T. IT., T. A L. Cos. pfd 80 T. H.. I. A E. com 1% ... T. H., I. A E. pfd 6 City Service com ... City Service pfd U. T. of Ind. com 1 U. T. of Ind. pfd ,7 U. T. of Ind. 2d pfd 2 Advance-Rumely com ... Advance -Rumely Cos. pfil ... Am. Central Life 235 Am. Creosoting Cos. pfd 91% ... Belt It. R. com 55 65 Belt It. It. pfd 50 Century Bldg. Cos. pfd 93 Citizens Gas C 0.... 26 30 Dodge Mfg. Cos. pfd 91% ... Home Brewing Indiana Hotel com Indiana Hotel pfd Indiana Pipe Line 81 ... Ind. Natl. Life Ins. Cos 4% ... * Ind. Title Guaranty 59 70 Indnls. Abattoir pfd 50 Indianapolis Gas 50 •Indpls. Tel. Cos. com 2 ... Indpls. Tel. Cos. pfd 90 Mer. Pub. Utl. Cos. pfil 40 Nta. Motor Car Cos. pfd 6 10 Pub. Sav. Ins. Cos 2% ... I:auh Fertilizer Cos. pfd 40 Standard Oil Cos. of Ind 74 Sterling Fire Ins. Cos 7% 0% Van Camp Hdw. pfd 100 Van Camp Pack, pfd 100 Van Camp Prods. Ist pfd 100 Van Camp Prods. 2d pfd 100 Vandalla Coal Cos. com 3% Vandalia Cos. pfd ; 4 7% Wabash Ry. pfd 19 Wabash Ry. com 6 ... BONDS. Broad Ripple 5s ... Citizens St. Ry. Cos 68 Id. Coke A Gas 6s 100 Ind. Creek Coal A Min. Cos 100 Indpls., Col. A So. 5s 88 Indpls. A Martinsville 55.... 58 Indpls. A North. 5s 42 47 Indpls. A N. W. 5s 57 Indpls. S. S. A S. E. 5s 65 Indpls. A S. E. 6s 45 Indpls. St. Ry. 4s 58 65 Indpls. T. A T. 5s 70 74 Kokomo, M. A W. 5s 74 70% T. H., I. A E. 5s 46 U. T. of Ind. 6s 61% 57% Indiana Hotel 2d 6s 92 ... Citizens Gas Cos 72 77 Indpls. Gas Cos 71 77 Indpls. L. A H. 5s '74 79 Indpls. Water 5s 86% 89% Indpls. "Water 4%s 68 74 Mer. H. AL. 5s 90% 93 New Tel. Ist 5s 94 ... New Tel. I- D. 5s 93% ... South. Ind. Power 6s 100 LIBERTY BONDS. Liberty first B%s S8 00 Liberty first 4s .' Liberty second 4s Liberty first 4%s 87 00 87.50 Liberty second 4%s 87 00 87.34 Liberty third 4%s 90 24 90.64 Liberty fourth 4%s 87.10 87 16 Victory 3%s 97.42 97.62 Victory 4%s 87 44 87.64 SALES FOR THE DAY. S3OO Liberty 4%s 87.00

On Commission Row

TODAY'S TRICES. Asparagus—Fancy Georgia, green, per bunch, 00o; fancy home grown, per doi, 85c. Bananas—Extra fancy high grade fruit, 50 to 60 per bunch, per lb, B%c. Beans- Michigan navy, in bags, per lb, 4%®5c; Colorado Pintos. In bag*, per lb., 6%®6; California Hinas, in bags, aer lb. B®9c; red kidneys, In baga, per lb., 10®10%c: California pink chili, in bag*, per lb, 7®Bc. Beans— Kunry Florida, green or wax, per hamper, $4.50. Beets—Fancy new, per hamper, $2.50. Cabbage—Fancy Mississippi, per hamper, $3.50; fancy Mississippi, less than crate, per lb., 4%c. Carrots—Fancy, home grown, per tiu, 85c. Cfruliflower—Fancy California, per crate, $2.25. Grapefruit— £xtra fancy Florida*, all brands, per box, s3®7. Green Onion* —Home grown, per do*., 15c: large bunches. 50c. Kale—Fancy Kentucky, per sack, $1.50; fancy home grown, per bbl. $2.25. Lemons—Extra fancy California*, 800s to 3605, per box, $4®4.50. Lettuce —Fancy hotnous* leaf, per lb, 18c; fancy hothouse leaf, in barrel lota, per lb, 10<j; fuacy California Icebergs, per crate, $6. New X’otatoes—Fancy Florida Rose, per bbl., $4.50; per 1-3 bbl., $3.25. Onions Fancy Indlanu yellow, red or white, per 100 lbs.. $1 ; fancy Texas yellow. per crate, $2.25; fancy Texna white, per crate, $2.75. , Onion Sets—Fancy white, per 2-bu sack, $2.50; fancy yellow, per 2-bu sack, $1.75. Oranges—Callfornias, all grades, per box, $4.23©6. I'arsley -Fancy large, per doz, sl. Pea*—Fancy Mississippi, per hamper, $3. Peppers—Fancy, small basket, 80c. Pieplant Fancy home grown, per bunch, fl. 10; outdoor, per doz., 40c. Pine!^>|des —Fancy Cuban, per box, S4.TS@CM. Potatoes Fancy Michigan and Wisconsin round whites, per 150 Ib. hag, $ 1.5*0; 3 or 19--bug lots, per bag, $1.85; fancy lowa Gems, per 130-lb. bag, $2.50. Radishes —Long red, per doz, 35c; button. home-grown, per doz, 35c. Rice—Fancy head, per lb, 8c; Prolific head, per lb, 6c; fancy Blue Hose, per lb, sc. Shallots—Fancy, per doz, 60c. Spinach—Fancy, per bu basket, $2. Seed Potatoes—Fancy Maine Cobbler*, per 150-lb. sack,, $3 50; fancy Rural Ohio*, per 120-lb. sack. $2.50; fancy Early Hose, per 150-lb. sack. $2.50. Seed Sweet Potatoes—Fancy Eastern yellow Jerseys, per hamper, $2.50; fancy Indiana yellow Jerseys, per hamper, $2. Strawberries—Fancy Alabama, per 24qt. crate, $lO. Sweet Potatoes —Fancy Eastern Jersey, per hamper, s2®3; fancy Indiana Jerseys, per hamper, $2.75. Tomatoes—Fancy ripe, 6-lb basket, $1.25; fancy ripe, 6-basket crate, per crate, s7®9.

Weather

The following table shows the state of the weather at 7 a. m., April 28. as observed by U, S. weather bureaus; Station. Bar. Temp. Weather. Indianapolis, Ind. . 30.00 54 PtCldy Atlanta. Ga 30.02 50 Cloudy Amarillo. Tex 30.16 42 Clear Bismarck. N. D. .. 80.14 32 PtCldy Boston, Mass 30.16 66 Rally Chicsg6, 111 30.08 48 Cloudy Cincinnati, 0 30.12 58 Clear . Cleveland, 0 30.16 52 Clear Denver, Colo. .... 80.12 36 Cloudy Dodge City, Kan. . 30.20 36 Clear Helena, Mo.lt 30.20 34 Cloudy Jacksonville, Fla. . 29.96 68 Clear Kansas City. Mo. .. 30.10 46 Cloudy Louisville. Ky. ... 30 12 56 Clear Little Rock, Ark. . 30.08 52 Clear Los Angeles, Cal. . 29.94 68 Clear Mobile. Ala 30.00 CO Clear New Orleans, La. .. 30.00 66 Clear New Y’ork. N. Y. .. 30.10 60 Cloudy Norfolk, Vn 30 08 54 Cloudy Oklahoma City .... 30.10 48 Clear Omaha, Neb 30.10 42 Clear Philadelphia, Pa. . 80 12 68 Cloudy Pittsburgh. Pa. ... 30.16 56 Clear Portland, Ore 30.38 48 Cloudy Rapid City. S. D. . 30.20 32 PtCldy Roseburg, Ore ... 30.34 54 PtCldy San Antonio, Tex.. 30.02 50 Clear San Francisco, Cal. 30.10 70 Clear St. Louis, Mo 80 04 54 PtCldy St. Paul. Minn. ... 29.94 86 Cloudy Tampa. Fla 29.96 74 Clear Washington, I). Cl. 30.12 56 Rain WEATHER CONDITION'S. Since Wednesday morning showers have occurred In parts of the Lakey region, the middle nnd lower Mississippi Valley, the southern Allegheny sections, and In the far Northwest. It is colder over the Eastern areas where precipitation occurred, and warmer from the middle Rockies to the Pacific coast, while frosts occurred last night over the Plains region from central Nebraska and lowa northward. J. H. ARMIXGTON, Meteorologist, Weather Bureau. WHOLESALE BEEF PRICES. (Qu tatlons by Swift & Cos.) The fallowing are today’s wholesale market prices for beef cuts as sold by the Indianapolis markets: Ribs—No. 2,26 c; No. 3,22 c. Loins— No. 2. 24c; INO. 3,21 c. Rounds—No. 2, 22c; No. 3,19 c. Chucks—No. 2. 14c; No. 8. 12ci Plates—No. 2. 9c: No. S. Bc.

WHEAT VALUES CLOSE LOWER Corn and Oats Finish Down—- ' Provisions Irregular. CHICAGO, April 28—Wheat rrices went higher on the. Chicago board of trade today, while other grains declined. The fall in corn was due to reports that shipments for Denmark and Holland were arriving In poor condition, causing a let-up In the demand of grain for export. Oats declined because of reports of an abundant crop in Kansas. Wheat declined with the other grains for a while, but soon recovered Its strength. Provisions were irregular. May wheat opened unchanged at $1.25% and gained l%c at the close. July wheat opened %c lower at $1.05% and advanced 1c at the close. May corn was %e lower at the opening price of 5S%c and later slid off l%c. July corn opened %c lower at 64c and closed off %c. May oats opened unchanged at 36%c and closed off %c. July oats opened at 37%e, off %c, and lost %c in later trading. September oats opened unchanged at 38%c and then declined %c at the close. (By Thomson A McKinnon.) —April 28Wheat—The situation in cash wheat continues strengthening. Receipts at primary markets are considerably less than the receipts at seaboard ports. It is also true that actual shipments abroad are on a goodly scale. There was considerable evidence of a brisk export business today, although the only reports from the seaboard cover 600,090. We believe this Is an extremely conservative estimate. Stocks of whest In Chicago on last Saturday were 629,000 bushels, and we are Informed that about SOO.OO of this probably will be shipped out within a short time. Offerings of cash wheat in this market are distinctly limited. Asa result, premiums are strong and higher, No. 1 hard selling at 15% over May, choicer grades still higher. The cash position 1* being reflected In the May delivery, but the excellent crop news which continues to come Is more effective In the July delivery. It does not seem wise to expect crop outlook will permanently offset the conditions surrounding the reserves of the old wheat. Corn and Oats—A report from Kansas showing reserves of 6,000,000 bushels of corn against 10.000,000 last year, 24,000.000 oats against 6,600,000 a year ago. very naturally revived recollections of the enormous crops grown last year. In addition to this, there was , scattered liquidation in the May delivery. Fur-

$230,000,000 ( Total Issue ) Northern Pacific - Great Northern Joint 15-Year 6Vz% Convertible Gold Bonds (C. B. and Q. Collateral) To be dated July 1, 1921. Interest payable January 1 and July 1 To mature July 1, 1936 Convertible at any time, at the option of the holder, as more fully described below, into 6% Bonds of the Northern Pacific Railway Company and / or 7% Bonds of the Great Northern Railway Company Redeemable, at the option of the Companies, as a whole or in amounts of not less than $5,000,000, &t 103%% and accrued interest at any time on 75 days’ notice. Any Bonds called for redemption, In order to be converted, must be presented for conversion fifteen days before the redemption date. Coupon Bonds in denominations of SI,OOO, SSOO and SIOO, with privilege of registration as to principal. Fully registered Bonds in denominations of SI,OOO and authorized multiples thereof. Coupon and registered Bonds and the several denominations interchangeable. THE FIRST NATIONAL BANK OF THE CITY OF NEW YORK, Trustee. 7he following summarized description of these Joint 6 1 /2% Convertible Bonds has been prepared for us by Howard Elliott, Esq., Chairman of the Northern Pacific Railway Company, and Louis W. Hill, Esq., Chairman of the Great Northern Railway Company, from their letter to us dated April 25, 1921:

Security The Joint 15-Year 6y 2 % Convertible **• Bonds are to be the direct and joint obligations of the Northern Pacific and of the Great Northern ltailway Companies, and are to be secured by a pledge of 1,658,674 shares (approximately 97% of the outstanding stock) of the Chicago, Burlington and Quincy Railroad Company (which percentage of stock has heretofore constituted the sole collateral security for the maturing “Burlington Joint 4s”), and in addition hv $66,000,000 of mortgage bonds of the two obligor Companies, the deposited collateral being valued at an amount in excess of 120% of the principal amount of Joint 6}-% Bonds to he issued. Conversion The Joint 6 %% Bonds may be conp- verted, par for par, without charge, ——• at the option Qf the holder at any time (upon presentation not later than fifteen days before maturity or earlier redemption), into 6% Refunding and Improvement Mortgage Bonds (Series B) of the Northern Pacific Railway Company, due 2047 (cnllable after 15 years at the Company’s option at 110% and accrued interest), or into 7% Fifteen-Year General Mortgage Bonds (Series A) of the Great Northern Railway Company, due 1936 (with no option of prior redemption) or into bonds of both issues in any ratio between the two which the holder of the Joint 6)/2% Bonds may desire, but not more than $115,000,000 of either of such mortgage bonds will be issuable upon such conversion. Legality Such Northern Pacific Bonds are, — 8 ip, the opinion of counsel, a legal f afdLif*l‘n t uranee investment for savings banks and Companif trust funds in New York, Massa-

The above bonds are offered, subject to issue as planned, for subscription at 96%% and interest, to yield approximately 6%y 0 Discount will be allowed at the rate of 8%% per annum on the principal sum of the Bonds from the date of payment to July 1, 1021, from which latter date interest wUI accrue on the Bonds. Subscription books will be opened at the office ot J. F. Morgan & Cos., at 10 o'clock A. M., Thursday, April 28, 1921. The right iS reserved to reject any and all applications, and also in any case, to award a smaller amount than applied for. The a mount due on allotments will be payable at the office of J. P. Morgan & Cos. in New York funds on or about May 16, 1921. Northern Pacify-Great Northern, C. B. &Q. Colla’eral 4% Jo nt Binds, due July 1, 1921, with final co upen .attached, will be accepted in payment at 100% and accrued interest to dc.te ot payment on allotments. Temporary Bonds, exchangeable for definitive Bonds when prepared and received, will be delivered upon payment J. P. Morgan & Cos. First National Bank, New York The National City Company Guaranty Company of New York Bankers Trust Company Harris Trust and Savings Bank Lee, Higginson & Cos. Mechanics & Metals National Bank National Bank of Commerce in New York American Exchange National Bank Central Union Trust Company of New York New York Trust Company The Equitable Trust Company of New York Brown -Brothers & Cos. Kidder, Peabody & Cos. Dillon, Read & Cos. Halsey, Stuart & Cos. White, Weld & Cos. Spencer Trask & Cos. J. & W. Seligman & Cos. Blair & Company, Inc. E. H.-Rollins & Sons Clark, Dodge & Cos. Hayden, Stone & Company Freres Kissel, Kinnicutt & Cos.

ther than this, the corn market did not receive support from export sources. We believe the slowing down of the export demand is largely due to the fact that Chicago shippers are busy on previous sales and do not care to enter into new contracts at the moment. Further liquidation of the May delivery may be expected, but we doubt if the markets will continue to decline in case wheat shows strength. Provisions—The action of corn offset the advance in hogs. A little liquidation of May holdings is under way, otherwise offerings are limited. There is a possibility that settlement of the reparations 'question between Germany and the allies would bring about a good demand from Germany for the hog products. CHICAGO GRAIN. —April 28WHEAT— Open. High. Low. Close. M.<y 1.25% 1.27% 1.24% 1.27 July 1.04% 1-05% 1.03% 1.05% CORN— May 56% 58% 56% 57% July 61% 61% 60 60% Rent 64 64 % 62% 63% OATS— May 36% 36% 35% 35% July 87% 37% 37 37% Rept 38% 38% 37% 38 PORK—•May 15.50 •July 15.90 LARD-v-May 9.57 9.57 9.40 9.47 July 9.97 9.97 9.82 9.90 RIBS— . •May 9.20 July 9.55 9.55 9.47 9.52 RYE— May 1.22% 1.24% 1.22 1-24% July 08% 99% 07% 99% Sept 91 91% 90% 91% •NomlngL CHICAGO CASH GRAIN. "" CHICAGO, April 28—Wheat—No. 1 hard winter, [email protected]%; No. 2 hard winter, $1.39% • No. 1 northern spring, $1.48%; No. 2 mixed, $1.31. Corn—No. 2 mixed, 58% @58%; No. 2 white, 68%@ 59e; No. 2 yellow, 5!)@59%c; No. 3 white, 57%®57%c; No. 3 yellow, 57@59c; No. 4 yellow, 56®<56%. Oats—No. 1 white, 37@37%£; No. 2 white, 36%@'37%c; No. 3 white, 36@36%c; No. 4 white, 35® 35%c., INDIANAPOLIS CASH GRAIN. —April 28Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat —No sales. Corn —Ensier: No. 3 white, 60®61e: No. 4 white. 69®60c; No. 3 yellow, 58@59c; No. 4* yellow, 56%@57%c: No. 3 mixed, 57@58c; No. 4 mixed, 56®57c. <*)atß—Busier; No. 2 white, 3839 c; No. 3 white. 37@38e. Hay—Weak; No. 1 timothy, sl9 50@20; No. 2 timothy, $19®19.50; No. 1 light clo-

ver mixed, $15.50®19; No. 1 clover hay, $16@17. —lnspections Wheat—No. 3 red, 1 car; No. 5 red, 1 car; total, 2 cars. Corn—No. 2 white, 2 cars; No. 3 white, 2 cars; No. 3 yellow, 3 cars; No. 2 mixed, 1 car; No. 3 mixed, 3 cars: total, 11 cars. Oats—No. 1 white, 1 car; No. 2 white, 13 cars; No. 3 white, 3 cars; No. 2 red, 2 CRrs; total, 19 cars. Rye—No. 1, 1 car; No. 2, 2 cars; total, 3 cars. Hay—No. 1 timothy, 2 cars; standard timothy, 2 cars; total, 4 cars. TOLEDO CASH GRAIN. TOLEDO, April 28.—Wheat—Cash, f1.42; May, $1.42; July, sl.lO. Corn—No. yellow, 68%®64%e. Oats —No. 2 white, 42@43c. Rye—No. 2, $1.33. Barley—Nm 2,04 c. Clover seed—Cash (1920) and April, sl2; October, $9.30. TimothyCash (1018), $2.80; cash (1919), $2.85: cash (1920), April and Mey, $7.90; September, $3.27%. Alsike— Cash (new), $15.50. PRIMARY MARKETS. (By Thomson & McKinnon.) —April 28— Wheat. Corn. Oats. Chicago 40,000 136.000 130.000 Milwaukee ... 4.000 17.000 11.000 Minneapolis — 163.00 25,000 17,000 Duluth 95.000 20.000 5.U00 St. Louis 10,000 55,000 42.0')0 Toledo 6,000 4.000 26.000 Detroit 4,000 ' 6.000 8.000 Kansas City.. 178.000 19.000 3.000 Peoria 27,000 27,0(0 Omaha 40.000 27,000 12,000 Indianapolis. 4,000 22,000 40,000 Totals 643,000 358.000 321,000 Year ago.. 615,000 280,000 371,000 —Shipments— Wheat. Corn. Oats. l?hicago 15,000 84,000 165.000 Milwaukee 12,000 32,000 Minneapolis.. 151,000 15,000 62,000 Duluth 94.000 St. Louis 195 000 70.000 50,000 Toledo 8.000 6.000 24,000 Kansas. City.. 254,00 29,000 15.000 Peoria 1,000 12,000 16.000 Omaha 47.000 67.000 14.000 Indianapolis.. 3,000 20,000 22,000 Totals <63,000 315,000 400,090 Year ago.. 614.000 278,000 321,000 —Clearances — Domes. W. Corn. Oats. New York 219,00 Baltimore .... 252,000 129,000 New Orleans.. 579,000 - 43,000 Totals .... 1,050.000 172.000 Year ago... 6,000 1,000

'a b n u d y CITY and COUNTY BONDS “ewtoii SELL 415 LEMCKE BUILDING ToOB

chusetts, Connecticut and Vermont.' Both such Northern Pacific Bonds and such Great Northern Bonds are, in the opinion of counsel, a legal investment for life insurance companies in the State of New Y'ork. J Earnings During the ten and one-half years from 1911 to 1920 inclusive, the combined average surplus income of the Northern Pacific and Great Northern Railway Companies, after payment of combined fixed charges, other than the interest on the outstanding joint bonds which are to be refunded by the new issue, was about $44,000,000 annually, and, in addition, the share of the two roads in the surplus income of the Chicago, Burlington and Quincy Railroad Company, after the payment of its fixed charges, averaged about $20,960,000 annually, the total annual average being about $64,960,000 as compared with $14,950,000 which will he required annually for interest on the new issue of Joint Bonds. Equity Since July 1, 1901, the Chicago, Burlington and Quinsy Railroad alone has increased its surplus in the amount of approximately $200,001),000 against which no securities prior to the stock have been issued. The combined net assets of the Northern Pacific and of the Great Northern, after deducting their prior debts, together with 97% of the net assets of the Chicago, Burlington and Quincy Railroad, after deducting its debt, indicate an equitv v at book value, for these properties of close to $1,100,000,000.

Predict. Good Wheat Crop for This Year MINNEAPOLIS, April 28.—The next grain crop should be a good one, the report of the Ninth district Federal'Reserve Bank said today. The prediction Is based on present moisture and soil conditions, with esti- J mates of acreage planted and to BP planted. * The financial position of the farmer has Improved owing to the prevailing tendency to change from a cash basis or renting to a crop basis, and to a change from cash labor to schemes for cooperative effort by exchanging their own labor, the report says. CLEVELAND PRODUCE. CLEVELAND, April 28.—Butter—Extra. in tubs, 46%47c: printß, 47%@45c; extra firsts, 45%@46c; firsts. 44%®45c; specials. 32@35c: packing stock, 12@17c; fancy dairy, 24@29c. Eggs—F'resh gathered northern extras, 26%c; extra firsts, 25%c; Ohio firsts, new cases, 24c; old cases. 23%c; western firsts, new case*, 23c. Poultry—Live, heavy fowls, 32@33c; roosters, 20c; spring chickens, 30®32c; choice broilers. 75@80e. WAGON WHEAT PRICES. Indianapolis flour mills and elevator* today are paying $1.25 a bushel for No. 1 red winter wheat. $1.22 for No. 2 red winter wheat and $1.19 for No. 3 j*d winter Wheat. '"V

membm wm The benefit* of systematic saving and investing are interestingly told by Peter Perkins in bis book. “Getrinc Ahead." Send for this book today and learn bow be became financially independent by investing $25 per month. It will point the way for you, as it has for thousands of others. "Getting Ahead’’ is free. KMEBELBGQ c ln vestment ‘Banhens 137 South La Salle Street j CHICAGO