Indianapolis Times, Volume 33, Number 307, Indianapolis, Marion County, 4 May 1921 — Page 10

10

STOCK MARKET CLOSES STRONG Leading Issues Reach New High Figures for Day. NEW YORK. May 4—The stock market closed strong today. Many of the leading issues were in good demand and moved up to new high levels for the day. The steel issues moved up rapidly, t'nited States Steel touching SO%, Crucible, 85; Republic, 66%, and Baldwin, lfc. The railroad issues were also in dexnand/'Baltimore & Ohio moving up 2% points to 9%, while St. Paul preferred rose 2'4 points to 4. and Northern Pacificrose 2 points to 75%. General Asphalt sold at 76%, a gain of over 3 points. * Mexican Petroleum was heavy, fallina to life I*, 1 *, while Studebaker held around 89. Total sales of stocks today were 894,700 shares; bonds, $10,792,000. (By Thomson & McKinnon.) —May 4 The news this minting was the best that we have had in some time. The adjustment of wages by the steel corporation not only serves the purpose of assuring the company of a legitimate profit on its operations, but paves the way for further price adjustments, which in turn will do more than anything else to stimulate business in this country. Vast construction operations are needed to catch up with the growth of the country and the our constantly Increasing population, and nothing wiU serve to stimulate activity as will steel and iron prices in harmony with other products. The full effect of this move was not noticeable to any great extent in the market though the opening quotations were higher, hut the market acted rather Sluggish during a large part of the day. During the last hour there was an Increased demand for the steel shares. The features in the days trading were Atlantic Gulf, General Asphalt and KellySpringlield. Some of the former active issues, including Studebaker, were apparently neglected. An e icouragitig element in the market today was the strength in the rails. This group is far behind the market, while business developments justify a greater public interest. Not only are the roads showing up better in the most recent reports, but in addition we have the Hklihood of a speedy adjustment of the wage problem and the chances for a satisfactory settlement is materially increased by the action of the steel corporation. We continue to entertain a fovorable opinion of the market. Reactions must of necessity come at frequent intervals, but advantage should be taken of them by intending buyers. f LEAKING 801 SE STATEMENT. NEW YORK, May 4—Exchanges, $678,1C9.219; balances, $06,279,782; Federal reserve bank credit balances, $52,341,554.

Money and Exchange

Indianapolis bank clearings today were $2,346,000, against $2,005,000 a week ago. NEW YOIiK, May 4.—Foreign exchange opened today, with demand sterling unchanged at $3.97%. Francs were down 1% centimes to 7.93%c for cables and 7 92%c for checks. Belgians frsnes were 1% centimes lower to 7.93%c for cables and 7.92%c for checks. Lire were unchanged at 4.89 c for cables and 4.88 c for checks. Guilder cables were 35.35 c. Swedish kronen cables 'were 23.50 c; checks, 23.45 c. Marks were 1.5 c. NEW YORK CALX MONEY’. NEW YORK, May 4.—Money: Call money ruled 6% per cent; high, 6% per cent; time rates steady, all 6%®7 per cent, lime mercantile paper steady. Sterling exchange was steady, with business in bankers’ bills at $3 97 for demand. MOTOR SECURITIES. (By Thomson & McKinnon.) __ —May 4. —Opening— Bid. Ask. Briscoe 16 17 Chaim.-rs com 1 1% l'ackard com . 11 12 Packard pfd 75 78 Chevrolet 100 400 Peerless 23 25 Cont. Motors com 1 7% Cent. Motors pfd 85 90 Hupp com 14 15 Huup pfd 92 97 P- .. Motor Car 21 22 Elgin Motors 5% 6%^, Grant Moicrs 3% i Ford of Canada 290 295 T'nited Motors 30 60 National Motors 6 9 Federal Truck 19 21 I’aiee Motors 21 23 Republic Truck 20 22 ACTIVE OIL STOCKS. (By Thomsen & McKinnon.) —May <— —Opening— Bid. Ask. Anglo-American Oil 19% 19% Atlantic Lobos 22 24 Porne-Ser.vmser 360 390 Buckeye Pipe Line 82% 63% Chesebrough Mfg. Cons 190 200 C'hesebr>oi:gh Mfg. Cons pfd. 98 1<() Continental Oil. Colorado... 120 124 Cosden Oil and Gas 7% 8% Crescent Pipe Line 26 28 Cumberland Pipe Line 135 145 Elk Basin Pete 8% 9% Eureka Pipe Line 91 94 Galena-Signal Oil, pref 93 97 Galena-Signal Oil, cum 43 45 Illinois Pipe Line 174 177 Indiana Pipe Line 81 83 Merritt Oil 12% 13 Midwest Oil 2% 2% Midwest Rfg 148 150 National Transit 27% 28% New York Transit 145 150 Northern Pipe Line 91 94 Ohio Oil 308 313 Penn.-Mex 28 SO Prairie Oil and Gas 500 510 Prairie Pipe Line 193 196 Sapulpa RMg 4% 4% Polar Refining 410 425 Southern Pipe Line 97 99 South Penn Oil 228 232 Southwest Penn Pipe Lines. 07 70 Standard Oil Cos. of Cal 79 80 Standard Oil Cos. of Ind 75% 76% Standard Oil Cos of Kan.... 615 630 Standard Oil Cos. of Ky 405 415 Standard Oil Cos. of Neb.... l'io 175 Standard <MI Cos. of N. 358 370 Standard Oil Cos. of 0hi0... 395 400 Swan & Finch 35 45 Vacuum Oil 300 305 Washington Oil 28 32 NEW YORK CCRB. (By Thomson & McKinnon.) —May 4 —Closing— Bid. Asked. American Marconi 3 4 Curtis Aero, com 10 20 Curtis Aero, pfd 80 85 Sub Boat % 1 First National Copper 5 7 Goldfield Con 1 1% Havana Tobacco 4 6 Havana Tobacco pfd 2 4 Ce..tral Teresa 4 6 Jumbo Extension 16% 16% international Petroleum 5% 6 Nipissing 1 2 Indian Pkg 113 116 Royal Baking Powder 80 S3 Standard Motors .-v*.. 34 3S Salt Creek 17-16 1% Tonopah Extension 1(4 1% To. o pah Mining 1% 1% T’nited P. S. new 1% 1% T'. S. Light and Heat 1 1% 1' S. Light and Heat pfd... 6 S Wright Aero 1-16 3-16 W orid Film % 1 Youkoa Gold Mine Cos 1-16 3-16 Jerome 13 15 New Cornelia 26 28 t’nited Verde 7-16 9-16 Sequoyah 2(4 2% Omar Oil % % Rep. Noble Oil ... 42 43 CHICAGO STOCKS. (By Thomson & McKinnon.) May 4 Open. High. Low. Close. Armour pfd 89% 90 89% 90 CarbL & Carbo. 51% 51% 50% 51 Libby 9% 10 9(4 9% M-Ward 22% 22% 22 22% Nat. Leather.... S% $% 8(4 8(4 S-Roebuck 52% S3 81% 63 Stewart-Warner 32% 32% 30% 32$< Swift & Cos. ...100 100 99% 99% SMft Interna t. 26(4 26(4 25% 25%

N. T. Stock Prices

—May 4 Prev. High. Low. Close. Close. Adv.-Rum. com. IS% 17% 18% A lax Rubber... 37% 87 37 35% AlNs-Chalmers.. 38% 38% 35% 38% Am Agricultur. 48% 48% 48% 47 Am. Beet Sugar. 39% 39 39 40% Am. Bosch Mag. 63% 61% 62(4 61% Am. Car & Fdy.l29 128% 128% 127% Amn. Can 32% 31% 31% 31% Am. H& L com 11 11% lj% 11% Am. H. AL. pf. 52% 50(4 52 51 Amn. Drug 6% 6% ' 6% 0% Amn. luternatl. 52 51 52 . 50% Am. Linseed.... 47% 46% 40% 47(4 Am. Locomotive 91 90 00(4 90(4 Am. Smlt & Ref. 43% 43 43% 43 Am. Sugar Ref. 90% 88% 90 90 Am. Sums. Tob. 72 71(4 71% 71% Am. Steel Fdy.. 30% 30% 30% 30(4 Am. Tel & Te1..108 107% 106 107% Am. Tobacco... 124% 123 124% 123 Am. Woolen 80% 79% 90 80 Anaconda Min.. 41% 41(4 41% 41% Atchison 83(4 82% $3% 82 Atl. Gif. &W. I 43% 41% 42% 41% Baldwin Loco.. 91% 90(4 91% 00% B. & 0 63 61(4 63 61(4 California Pete.. 47% 46% 46% 40% Can Pac. Ry... 113(4 112% 312% 112 Central Leather. 408% 40 38% Chandler Motors 84 82% 83% 83% C. & 0 63% 62% 63% 61% C., M. A St. P.. 27 26% 27 26% CM& St P pfd. 43 41% 43 41% Chi. & N'w 64(4 64 64(4 63% C„ R I. & P... 30 29 SO 28% CRI&P 6pc pf 63% 63% 63% 63 CEI4P7 pc pf 74 73% 74 74 Chili Copper 12(4 12 12% 12(4 Chino Copper... 25(4 25 25 25 Coca Cola 30 28% 30 29 Columbia Gas... 60 59 % 59% 59% >*oium. Graph.. 8% 8% 8% 8% Consol, Gas 87% 87% 87% 88% Contin. Can. ... 57% 57% 57% S'tk Cosden Oil 39 38% 38% 39 * Corn Products.. 75% 74% 75% 75 Crucible Steel.. 85% 84 84 % 83% Cub. Am. Sugar 23% 22% 23% 23% Cub Cane Sugar 20% 19% .20 23% Dome Mine 20 18% 19% 19% Endicott 65% 60% 67(5 67 Brie 14 13(4 11 13 Erie Ist pfd 20(4 19% 20(4 10% Fnm. Players... 80% 78% 79% 79% Fisk Rub. C 0... Gen. Asphalt... 76% 73% 70% 73% Gen. Cigars 60 60 * 60 ..... Gen. Electric.. .137 137 lot 137 Gen. Motors 14% 14 14 14% Goodrich 42% 41 41% 41% Gt. North, pfd.. 72% 71 72% 70% Gt. North. Ore.. 31% 30% 31% 30% Gulf States Stl. 42% 39 42% 37% Houston 0i1.... 84% 83% 83% 81% Illinois Central. 92 92 92 91% Inspir. Copper.. 36% 36 36% 36% Inter. Corp 4% 4% 4% 4% Invinc. Oil 20% 2u% 20% 20% Inter. Harvester 94% 93% 94 93% Inter. Nickel... 16% 16% 16% 16% Inter. Pap.-r 68% 63% 05 64% Island Oil AT. 4% 4 4% 4% Kan. City 50... 27% 26% 27% 20% Kelly-Spg. Tire 53% 49% 53% 49% Kcnneeott Cop.. 21% 20% 21% 21 Lacka. Steel 54% 53 v,% 52% Lehigh Valley.. 50% 49% 59% 49% Lee Tire 28% 28 28% 29% Loews, Inc 18% 18% 18% 18% L. & X 98 93 98 98 Marine com. ... 15% 15 15 15% Marine pfd 56% 55% 56 55% Max Mot. com.. 6% 4% 6% 5% Max. Mot. 2d pf 8% 7% 8% Mex. Petroleum. 149% 146% 148 147 Miami Copper.. 23 22% 23 23 Mid. States Oil. 14% 14% 14% 14% Midvale Steel... 30 29 % 29% 29% M. KA T 2% 2% 2% 2 Mo. Pae. Ry 19% 1.3x4 19% 1.3% Mo. Pac. Ry. pf. 39% 38% 39% 3S National Lead.. 76% 76% 76% Nev. Con. Cop.. 12% 11% 12% 12% N Y. Air Brake 77 77 77 .... N. Y. Central.. 70% 69% 70% 70 New Haven 17% 16% 17% 17% Nor A (Vest 90 95% 96 95% North. Pac 75% 73% 75% 73% Okla PAR. Cos. 3% 3% 3% 3% Pacific Oil 38% 38 38% 3,8% Pan-Am. Petrol. 70% 69% 69 % 69% Penna. Ry 35 34 % 35 35 People’s Gas 47% 47 47% 47% Pierce-Arrow ... 41% 40% 40% 41 Pierce Oil Cos.. 10% 10% 10% 10% Pittsburgh Coal 64% 64 64 % 63% Pull. Pal. Car.. 103% 102% 102% 102% Pure Oil 35% 35% 35% 35% Ray Copper 14% 14% 14% 14% Reading 75% 74% 74% 74% Rep. I & Steel. 66% 85% 06% 65 Replog-le Steel.. 33 31% 33 32% Rival Dutch... 68% 67% 68% 68% Sears-Roebuck . 83% 82 83 82% Sinclair 27% 26% 27 27% S-Sheff. S. A 1.. 44 43 % 43% 43% So. Paeifis 76% 75% 73% 75% So. Railway 22% 21% 21% 21% Stand. Oil N J 152 152 152 St. L. A S.F.com 23% 22% 23% 22% Strom. Carb... 44% 44 44 % 44% Studebaker 89% 88% 89 88% Tenn. Copper.. 10 9% 9% 97^ Texas Cos 41 40% 40% 40% Tex. A Pacific. 22% 21% 21% 21% Tob. Plods 54 52 54 51% Tarns. Oil 12 11% 12 12 I’nion Oil 22% 21% 21% 22% t’nion Paeifis ..117% 117 117% 116% C. R. Stores ... 55% 53% 55% 52% TJ.S.F P. Corp. 23% 22 23% 23% L. Fruit Cos 11% 111 m% 110% T’.S.ladus. Alco.. 73% 72% 73 73% t\S. Rubier... 78% 76% 77% 76% U.S. Steel 85% 84% 8.5% 84% vs. Sieel pfd.lo9 109 109 10x% Utah Copper... 55 54 % 54% 35 Van. Steel 38% 37% 38% 37% Vir-Car. Chem.. 29% 29 29 29% (Vabash 8 7% g Wnh. Ist pfd... 21% 21 21% 21' * White Oil 16% 15% 15% 16 West. Elei-tric. 48% 48 48 48 White Motors.. 43 43 43 43% WO verb, nd 10% 10 10% 10% (Vilson A Cos 43 43 43 .... Worth. l*ump.. 53% 53% 53% 53 NEW YORK LIBERTY BONDS. —May 4 Prev. High. Low. Close. Close. Liberty S%s BS.BO 88.74 88.76 88.74 Liberty Ist 4s 87.60 Liberty 2d 4s 87 36 Liberty Ist 4%5. 87 74 87.64 87 66 87.66 Liberty 2d 4%5.. 87.10 87 26 87 30 87 34 Liberty 3d 4%5.. 99 60 90 50 90 52 90 54 Liberty 4th 4%5. 87.50 87 30 87.40 87 41 Victory 3%s 95.00 97 96 97.98 98 00 Victory 4%s 98.04 97.98 97.98 97.98 TWENTY STOCKS AVERAGE. XEVV YORK, May 4.—Twenty industrial stocks averaged 71.68, up .05 per cent; Twenty active rails averaged 79 23 oft .42 per cent.

NEW YORK WOOL MARKET. NEB York, May 4.—The wool market was firm today. Domestic fleece, XX Ohio, was quoted at 22®43c per lb, domestic pulled, scoured basis, 18@72c and Texas domestic, scoured basis, 40® 82c. NEW YORK RAW SUGARS. NEW YORK, May 4. —Raw sugars were quiet on the market here today. Cubas were quoted at 4.89 c per lb., duty paid, while Porto Ricos sold at 4 89c per lb., delivered. NEW YORK REFINED SUGARS. NEW YORK, May 4.—ltneflned sugars were on improved demand today, with fine granulated quoted at 6.55®0!60c per pound. NEW’ YORK HIDE MARKET. NEW YORK, May 4.—Hides were firm today, with native steer hides quoted at 12c per lb. and branded steer hides at 10c. NEW YORK PETROLEUM. NEW YORK, May 4.—Petroleum was steady here on the market today. Pennsylvania crude petroleum sold at $3.50 a barrel. . CHICAGO PRODUCE. CHICAGO, May 4.—Butter—Receipts, 8,308 tubs; creamery ej tra, 32c; firsts. 25©31c; packing stock, 12@13e. Eggs— Receipts, 22,248 cases; current receipts, 20@21%c; ordinary firsts. 18@19c; firsts. 22®22%c; extras. 24%c ; ‘ checks. 10%@ 17c; dirties, 17%@18c. Cheese-Twins (new), 15%c; daisies, 14%®15c; Young Americas, 15%e; longhorns, 15®15%c; brick. 15®15%c. Live poultry—Turkeys, 35c; chickens, 28c; roosters, 13c; geese, 16® 18c; ducks, ” 32c. Potato—Receipts, 45 cars; Northern white sacked and bulk, 70@75c; Texas Triumphs $4 35®4.50 per cwt; Florida# No. 1. [email protected] per bbl.; Floridas No. 2 $5®5.25. CLEVELAND PRODUCE. CLEVELAND, May 4.—Butter—Extra, 37®38c (in tubs); prints. 38%®39c. extra firsts, 38%®37c; firsts, 35%®36e; seconds, 25%@28c; fancy dairy, 20®28c • packing stock. 12@16c. Eggs—Fresh gathered northern extras, 27c; extra firsts, 26c; Ohio firsts, new cases. 25c; old cases. 24%c; western firsts, ne wcases 23%c. Poultry—Live, heavy fowl#, 25croosters, 16®18c; broilers, 70@80c.

HOG PRICES SUSTAIN GAINS Trade in Cattle Shows Some Strength—Calves Higher. RANGE OF HOO PBirES. Good Good Good April Mixed. Heavy. Light. IS. $8.50 $8.50 $8.50® B.CO 29. 8.50 8.60 8.50® 8.65 30. 8.50 8.50 8.50 May 2. 8.60 8.60 8.60® 8.65 3. 8.75 8.75 8.76® 8.85 4. 8.85® 8.95 8.85 8.85® 9.00 Hog prices were 10c to 25c higher on the local live stock exchange today. Opening sales were ail at $9, which was fully 25c higher, but there were no sales of medium and mixed hogs during the first hour. After the first hour there was a slight weakness shown, heavv and medium hogs selling around $8.50®8.85, with a few light mixed at $8.90 and the good light hogs at $9. Pigs were about steady at [email protected], with a few sales as high as $5.75. Roughs sold at $7.50 and down. Receipts for the day approximated 8,000 swine. Higher prices at the opening were attributed to a better demand by local buyers nnd higher tendencies on the other live stock markets of the country. Cattle prices were generally strong today, with receipts close to 1.000 and a fair defhand shown by most of the local buyers. Calf prices were again strong to higher today on good demand by eastern houses, with a top of $11.50 on a few scattered sales by choice veals and the bulk of the grade bringing $10.25@11. Good calves brought $10®10.50, and mediums s9®9 50. Other grades of calves brought s7®9. Receipts for the day approximated 800. With close to 100 sheep end lambs oil the market, prices were steady. HOGS. Best light hogs, 100 to 200 ibs average $ 8.85® 9.00 200 to 300 lbs 8.85 Over 300 lbs 5.25® 8.75 Rows 0.25® 7.50 Stags 5.0051 6.25 Best pigs, under 140 lbs 8.25® 8.75 Bulk of sales ..... 8. 85 ... . CATTLE. Prime cornfed steers, 1,000 lbs and up.......... 8.25® 9.50 Good to choice 'teers, 1,100 to 1,200 lbs B.oo@ 8.50 Gvod to choice steers, 1,100 to 1.200 lbs 7.50® 8.50 Good to choice steers, 1,000 to 1,200 lbs 7.25® 8.25 Medium steers, 1,000 to 1,100 lbs 6.75® 8.00 Common to medium steers, 800 to 1,000 lbs 5.25® 6.25 —Heifers nnd Cows — Good to choice heifers 6.75® 9.00 Medium heifers 5.50® 6.50 Common to medium heifers... 4.75® 5.t0 Good to choice cows 3.00® 6.75 Fair to medium cows 4.25® 5.23 Cutters 2.75® 4.25 Canners 2.5C® 3.00 —Bulls— Good to choice butcher bulls. 5.23® 6.50 Bologna bulls, 5.25® 5.73 Light common bulls 4.25® 4.75 —Calves — Choice veals [email protected] Good veals 10 00® 10.50 Medium veals [email protected] Lightweight veals B.oo® y.oo Common deny weight veals... 7.00® 9.00 —Stockers and Feeders— Good to choice steers under SOO lbs 7.00® 8.00 Medium cows 4.75® 3.00 Good cows 5.00® 5.50 Good heifers 5.25® 0.25 Medium to good heifers 4 25® 5.75 Good milkers 45,00®53.00 SHEEP AND LAMBS. Ewes 3.50® 4.00 Lambs 6.00® 8.00 Springers 8.00®12.50

Other Livestock

CHICAGO, May 4.—Hogs—Receipts, 10.000; market 10® 15c up; bulk, [email protected]; butchers. $8 15©8 45; packers, $7.15®7.75; lights, $8 40®8 S3; pigs. $7.15@835; roughs, $6 90®7.15. Cattle —Receipts, 7,00O; market 13c up; beeves, [email protected]; butchers, $5.50®9; canners and cutters. $2.25®5; Stockers arid feeders, $6 75® 8 15; cows, $5 15®7.40; calves, [email protected]. Sheep—Receipts, 22.000; market 25c lower; lambs. s9.so@l2:ewes, $5.50®*7.25. CINCINNATI, May 4. -Hogs Receipts, 4.300; market steady to 10c higher; heavy hogs, $8.69®8.h3; mixed, medium and lights, $B.l-5; pigs, $8.85; roughs, $7; stags, $4.50. Cattle —Receipts, 900; market steady to 25c lower; bulls, steady; calves, $10.50 Sheep and lambs—Receipts, 100; market steady; sheep, $1.30 @s6; sptlngers. $14.50. CLEVELAND. May 4—nogs—Receipts, S.fMKt; market, 23®35c higher; yorkers, •>9.25@9 .35; mixed $9 25; medium, $9.25; pigs. $9.25; roughs. $6.25; stags, $4.13. Cattle —Receipts, 150 market higher. Sheep and lambs Receipts, 500; market, 25 higher; top $11.25; calves—Receipts, 350; market, slow; top, $10.50. PI'KTSBUBGH, May 4 —t'attle—Relar and cuffs are of white organdie, and ceipts light; market steady; choice, $8.50 @9; good, $8.50®8 75; fair, $7.50®4.50; veal calves, $10.50@11. Sheep eud iambs —Receipts light; market steady; prime wethers, $6.75@|7; good, $6®6.50; mixed fair, [email protected]; spring lambs, $10.50@11. Hogs—Receipts light; market higher; prime heavies. [email protected]; mediums, heavy yorkers, light yorkers and pigs, $9.50® 9 75; roughs, s6®7 ;■ stags, [email protected]. EAST BUFFALO, May 4.—Cattle—Receipts, 76; market, active; shipping steers. $8 [email protected]: butcher grades, $8.25® 8.75; cows, $2.50(317.50. Calves -Receipts, 130; market active 5c up; bulls, choice, $.~>®!11.50. Sheep and lamb;.—Receipts, 400; market, active, higher; choice lambs, [email protected]; cull i, fair, [email protected]; yearlings, $S@9; sheep. $3®7.50. Hogs—Receipts, I,ooo’ market, active, 25 to 35c up; Yorkers. [email protected]; pigs. $9.75®!) 85; mixed, $9.75; heavies. [email protected]; roughs, [email protected]; stags. [email protected]. EAST ST. LOUIS. 111., May 4.—Cattle —Receipts, 3,7i0; market strong to llgher; native beef steers. sß@9; yearling beef steers and heifers,sß®9.3s; cows. [email protected]; stockers and feeders, [email protected]; calves, $9.50® It: canners and cutters, $3 ©4.75. Hogs—Receipts, 12,500; market, 10® 15c higher; rolx->d and butchers, $8.50 @8.70; good heavies, $8.400®8 60; rough heavies. $5.73@7; lights, [email protected]; pigs, [email protected]; bulk of sales, [email protected]. Sheep—Receipts, 1.300; market steady to strong; ewes, $5.75@6L50; lambs, s9® 10.25; canners and cutters, sl®4.

In the Cotton Market

NEW YORK, May 4. —The cotton market opened steadier today at an advance of 4 to 10 points on Ws! l street and local buying, induced by further reports of unseasonable weather in the South. Offerings were liberal, however, chiefly from Liverpool, New Orleans and spot houses, and later the list lost a good part of its upturn, showing only small net gains at the end of the first fifteen minutes. New York cotton opening: May 12.65 c; July, 13.20 c; October, 13.85 c; January, 14.32 c; March offered, 14.63 c. The cotton market was under pressure in the late dealings from local and New Orleans sources. The close was easy at a net decline of 14 to 21 points. LIVERPOOL, May 4.—Spot cotton opened quiet at the beginning of business this morning, with prices steady and sales close to 4,000 bales. American middlings were fair, 10.63d; good middlings, 8.63d; full middlings, 8.18d; middlings, 7.53d; low middlings, 6.43a; good ordinary. 3.23d; ordinary, 4.48d. Futures opened quiet. INDIANAPOLIS PRODUCE. Eggs—Fresh, loss off, 19c. Poultry— Fowls, 21c; springers, IV4 and 2 lbs, 55c; cocks, 10c; stags, 10c; old tom turkeys, 80c; young hen turkeys, 35c; young tom turkeys. 85c; cull thin turkeys not waoted; capons, 7 lbs and up, 42c; tucks. 4 lbs and up, 22c; ducks, under 4 lbs, 20e; geese, 10 lbs and up, 15c; squabs, 11 lbs to dozen, $4-50; guineas, 9-lb size, per dozen 36. Butter —Buyers are paying 35@30c per lb for creamery butter, delivered In Indianapolis. Butterfat—Buyers are paying 30c per lb for buttertat, delivered in Indianapolis.

INDIANA DAILY TIMES, WEDNESDAY, MAY 4,1921.

GRAINS SUFFER SHARP DECLINES Reports of Probable Good Crops Chief Mart Influence. CHICAGO, May 4. —Grain prices took sharp declines in trading in the Chicago grain mart today. Prices were generally higher at the opening due to reports of crop damages, but later reports reached the Board of Trade that prospects were good for an abundant crop. Provisions were higher, with the exception of lard. May wheat opened at $1.43%, up lc, and closed off 5%c. July wheat opened up %c at $1.12%, and was %c lower at the close. May corn opened up %c at 60%c, and closed off l%c. July corn opened at 63%c, up %c, and closed off l%c. September corn opened unchanged at 39%c, and closed 2%c lower May oats opened at 36c, up %c, and closed off l%e. July oats opened at 38%c, up %c, and closed off l%c. September oats opened unchanged at 39%c and closed off %c. (By Thomson & McKinnon.) —May 4 Wheat —The considerable advance in wheat prices proved attractive to the country, resutling in fairly liberal cash sales. In addition to this the predicted frost did not appear, likewise the export demand was halted by the advance. The natural result of this combination was the temporary setback in prices. On the decline the seaboard reported export trade active, estimating sales so far at 600,000. Actual exports of wheat and flour up to tile Ist of April total 277,000,000. A conservative estimate for April is 20,000.000 bushels, for May and June 15 00%000 each, making a total for the crop year of 325.000.000. The largest exports on record were 325,000,000. Unless last year’s crop was badly underestimated. the above showing means a complete cleaning up of reserves which, in turn, will give confidence to the farmer in asking higher prices for the new crop. The weekly weather crop report mentions the need of moisture in the far Southwest. Outside of this conditions are generally favorable. The constant export business will absorb tb country offerings, thereby preventing the increase of stocks at terminal markets. These stocks, particularly in Chicago, afford no comfort to the seller of May wheat. (' e think market is again in position to recognize the cash situation. Corn and Oats—There were somewhat larger offerings in both, corn and pats from Illinois and lowa, which fact, coupled with the weakness in wheat, precipitated some liquidation in the de ferrc-d deliveries, uncovering a very slow demand. It is generally believed that there will be fair increased country selling as soon as planting of corn is nuIsbed These markets are narrow and are influenced largely by the action of wueat. I'rovlßions— Offerings of hog products hate been limited and there has been an Inclination to cover former sales because of the strength in hogs. The entire market is colorless and uninteresting. CHICAGO GRAIN. —May 4 WHEAT— Open. High. Low. Close. Miv . 1.43% 1.44 L3B 1.38% Ju1y..... 1.12% 113 1.09% 1.09% C< Muy~7... 60% 60% 58% 58}* July 63 V* 63% 61% Sim * t (&V 4 36 36% 31% 34% July 38% 38% 30% 3.% S*pt 05 '/i 05 ‘/*i °May7!... 30 36% 31% 3i% July 38Va 38va 3*ls o * M Sept 3D 1 ,-*! 8994 37l A i 39% 1 .. 16.60 16.60 16.50 16.50 July 16.45 16.60 16.45 10.65 LARD— „.. Mav . . 9.40 9.40 9.35 935 July 9.85 9.85 9.67 9.75 RIBS—- • May U.4Z July .9.90 9.90 9.77 9.77 D p* ~ May 1.38 1.40 1.35% } 30% July 1.10 109% 1.05% 105% Sept 98% 98% 94% 95 •Nominal.

CHICAGO CASH GRAIN. CHICAGO, May 4—Wheat—No 1 red, $1.19%; No. 2 hard winter, $1.51@153; No. 4 hard winter, $1.50; No. 4 northern spring, $1.35% ; No. 5 northern spring. $1 25. Corn —No. 2 mixed, 60®61c : No, 2 white. 6O@01%o; No 2 yellow, 58%@ 61%c; No. 3 mixed,sß%®s9%c; No. 3 white, 58%@50%c; No, 3 yellow, 5S%@ 60*■; No. 6 mixed, 56c; No. 4 yellow, 58% ®sß%c. Oats—No. 2 white, 37%®37%c: No. 3 white, 36®36%c; No. 4 white, 34% ©36c. TOLEDO CASH GRAIN. TOLEDO, May 4.—Wheat —Cash and May, $152%; July. $1.11%. Corn—No. 3 yellow, 63@64e. Oats—No. 2 white. 40% <o|4l%c. Rye—No. 2. $1.35. Barley—No. 2 06c Cloverseed—Cash (1920), $13.50; October. $9.75; December, $9.50. Timothy —Cash (1918), $2.00; cash 1919. $2.95; cash, 1920 and May, $3; Sept.. $3.45; Oct. $3.40. Alsyke—Cash (new), $13.50. PRIMARY MARKETS. (By Thomson & McKinnon.) May 4 Wheat. Corn. Oats. Chicago 69,000 333.0000 278.001) Milwaukee .... 9.009 21,000 55,000 Minneapolis ... 104,<8)0 8,000 DulUth 47.000 0,000 2,000 g t I.ouis 64 000 48.000 32,000 Toledo 2.090 4,000 14.000 Detroit 3,000 11.000 18,009 Kansas City .. 224.000 21.000 9.000 I’eoria Omaha 41.000 39.000 4.000 Indianapolis .. I,ooo'' 55,000 64,000 Totals ...... 655,000 587,000 492,000 Year ago 623.000 830,000 505,090 —SHIPMENTS— Wheat. Corn. Oats. Chicago 68,000 625,000 135,000 Mllvauke 12.000 10,000 Minneapolis .. 163.000 28.000 50,000 Duluth 77.000 65.000 St Louis 84,000 62,000 53,000 Toledo 3,000 4,000 16,000 Kansas City ~ 262,000 54.090 27.000 Peoria 4,000 14,000 Omaha 42,000 66.000 60,000 Indianapolis .. 3,000 14,000 32,000 Totals 700.000 934.000 403.000 Year ago 1.126.000 308,000 398,000 —CLEARANCES— Domes. (Vi Corn. Oats. New' York 151.00 86,000 97.000 Philadelphia .. 108.dK) Baltimore 227,000 Totals 486.000 80,000 97,000 Year ago .... 14,000 INDIANAPOLIS CASn GRAIN. —May 4 Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat —Strong; No. 2 red, $1.55. Corn —Easier; No. 2 white, 63®64%; No. 3 white, 63@63%c; No. 4 white. 61% @o3c; No. 3 yellow, 60%®62e; No. A yellow, 59®60%c; No. 3 mixed, 59®60%c; No. 4 mixed, 57%@59c. Oats—Easier; No. 2 white. 37@38%c. Hay—Weak; No. 1 timothy, sIB@TB 50; No. 2 timothy, $17.50® 18; No. 1 light clover mixed, [email protected]; No. 1 clover hay, $15.50® 1G.50. —lnspections Wheat —No. 1 red, 2 cars; No. 4 red. 1 car: total, 8 cars. Corn—No. 1 white, 3 cars; No. 2 white, 5 cars; No. 3 white, 4 cars; No, 4 white, 2 cars; No. 5 white, 1 car; No. 6 white, 2 cars; sample white, 1 car; No. 2 yellow, 2 cars; No. 8 yellow, 8 cars; No. 3 mixed. 4 cars; sample mixed, 1 car; total, 33 cars. Oats —No. 1 white, 3 cars; No. 2 white, 12 cars; No. 3 w-hlte, 1 car; No. 1 mixed, 3 cars; total, 19 cars. Hay—No. 1 timothy, 1 car. IIAY MARKET. The following aro the Indianapolis prices for hay by the wagon load: Hay—Loose timothy, new, $17@18; mixed hay, new, $15@10; baled, $15®16. Oats —Bushel, new, 30@40c. Corn—New, 55@58c per bushel. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying $1.25 a bushel for No. 1 red winter wheat, SL22 for No. 2 red winter wheat and $1.19 for No. 3 red winter wheat. FLOUR AND MEAL. E-Z Bake Bakers’ flour in 98-lb cotton bags $8.05 Corn Meal In' 100-lb cotton bags.... 2.05

Terse Market Notes

WASHINGTON, D. C., May 4—The Government weekly weather report follows : “Continued cool weather in cotton growing States and frequent rains in much of the belt have been unfavorable for cotton. Necessary replanting has progressed slowly and conditions have been unfavorable for satisfactory germination of the late planted fields. ‘‘Weather condition during the last week were less unfavorable in the northeastern section of the cotton belt, where field work made fairly good progress. “Planting has progressed northward to the northern boundary of North Carolina.” NEW YORK, May 4.—The United States Steel Corporation has announced a 20 per cent wage decrease for labor to take effect May 13. LONDON, England, May 4.—A report that Germany had made anew reparation offer direct to the allies was officially denied when the supreme council met today. NEW YORK, May 4lt is claimed here that Southwest wheat offerings are somewhat large, but no hedge sales can be seen on the market. The tone of the market, however, is a little easier because of slow demand. Offerings of corn from Illinois and lowa are slightly larger. NEW YORK, May 4—The rail issues are beginning to respond to business improvement and financiers are beginning to realize the possibilities of the future in those issues when a road like St. Loulr & San Francisco can earn enough in three months to take care of Interest on the adjustment and have over $400,000 left. CHICAGO, May 4.—Light frosts are reported in Minnesota, Nebraska and lowa, but no reports have been received of general frosts.

On Commission Row

TODAY’S Apples—Fancy, all grades, per bbl., s4@7 50. Asparagus—Fancy home grown, per do*., 50e; large bunches, per beh , 50c. - Bananas—Extra fancy high grade fruit, sCfc to 00c per bunch, per lb, B%c. Beans—Michigan navy, in bags, per lb., 4®sc; Colorado Pintos, In bags, pet lb , s%@oc; California liuias, in bags, per lb.,7%@Sc; red kidneys, in bags, per lb., 10@l(!%c; California pink chili, in bags, per lb , 7@Bc. Beanie—Fancy Florida, green or wax, per hamper, $4.50. Beets—Fancy new, per hamper, $2 50. Cabbage—Fancy mobile, per 100-lb. crate, $3.25, less than crate, per lb., sc. Carrots —Fancy, homo grown, per bu., 85e. Cauliflower —Fancy California, per crate. $2.25. Grapefruit—Extra fancy Floridas, all brands, per box, $4.25©7. Green Onions —Home grown, per doz., 15c; large bunches, 50c. Kale— Fancy Kentucky, per sack, $1.50; fancy home-grown, per bbl. $2 50. Lemons Extra fancy Callfornias, 3(Ws to 3605, per box, [email protected]. Lettuce —Fancy hothouse leaf, per lb., 23e; fancy hothouse leaf, in barrel lots, per’ lb.. 20c; fancy California lceburgs, per crate, $5.50. , „ New Potatoes—Fancy Florida Rose, per bbl.. $8.50; per 1-3 bbl., $3.00. Rose No. 2 bbl., $6 00. Onions—Fancy Indiana yellow, red or white, per 100 lbs. $1; fancy Texas yellow. per crate, $2 00; fancy Texas white, per crate, $2.25. Onion Sets—Fancy white, per 2-bu. sack, $175@2; fancy yellow, per 2-bu. * 8 Oranges—California, all grades. per box, s4®o. Parsley--Fancv large, per do*., Peas- Fnucy Mississippi, per hamper, — Fancy home-grown, per bunch. $1 10; outdoor per do* , 3..e, rinwippteft— Fancy Cuban, ptr box, —Long red. per doz, 35c; button. home-grown iter do* 35c. —Fancy head, per lb.. * rat ac, Prolific head, per lb, 6c; fancy Blue Rose, per lb., 6c. *1 75 Spinach- Fancy, per bn basket ll TS. Seed Potatoes— Fancy Maine Cobblers. per 150-lb. sack.. $3.25; fancy Rural per 120-lb. 1 * anc y Karl * Ito-w* D*r lSo*lb. sack Seed P Rweet Potatoes Fancy Eastern yellow Jersey*, per hamper, *- Indiana yellow Jerseys, per hamper. |l Sweet Potatoes-Fancy Eastern Jer sey. Per hamper. $175®3. fancy Indiana Nancy Halls, $2..8>. „ npr Strawlterries —Faucy Tennessee, p 24 qt. crates. ss.r*t©6. hasket Tomatoes— Fancy ripe. 6 lb. basket. sl’2s; fancy ripe. 6 basket crate, per crate, $7 (K>-

Weather

The following table show, tlwstate of ... w ,,.tlier In other cities at > a. m.. May 4 as observed by United Mates Weather Bureaus; Station. Bar; Temp. (Veather IndUnapella. Cloudy •S' o Tex"'::: loao 48 ptn.iy Bismark.’ N* b 30.42 36 Clear Chicago saw 44 Clear * Cincinnati, Ohio •• 30 02 50 t ear K a r nd roSt W0 ..:::£3 ,• Dodge-Vlty. Kas... 30.J0 4o Tialtsnn Mont 29.n- o v *<*ol 42 cSr 36.22 48 Clear Uos Angeles, Cai... 30.06 M Oear^ C, ~, vr,rk N Y 29 7-8 52 Cloudy Va. N *...‘.. 29 58 4.8 Cloudy OUahoma City ... 30 28 82 Cloudy Omaba, Neb 39.30 4- CUsar Philadelphia. Ta. .. -dt.i2 60 Pittsburg Pa 29.88 52 Cloudy Portland Ore .... 30.02 48 Cloudy Rnold City BD. .. 50.20 44 Cloudy R.seburg, 0re...... 30.00 44 Cloudy Ban Antonio, Texas 30.14 60 San Francisco, Cal. 29.08 48 >tt ldy 8t Louis, Mo 30.13 44 Cloudy Kt. Paul. Minn 30.38 40 Clear Tampa Fla 29.96 54 Clear Washington. It. C... 29,02 48 Rain WEATHER CONDITIONS. Rain has fallen since yesterday morning over the middle Atlantic coast, the Appalachian region, and the Ohio (alley, under the Influence of a barometric depression off the Virginia capes. Generally fair weather prevails in th remaining portions of the country. Temperatures arc below normal from the Rocky Mountains eastnard to the coast, but are rising slowly In all portions of the country except the Atlantic coast district. J. H. ARMINGTON, Meteorologist, (Vcather Bureau. CORN AND WHEAT BULLETIN. For the twenty-four hours ending at 7 a. in., 90th meridian time, Wednesday, May 4, 1921: Temperature. a o Stations of 4 “c 2 „ Indianapoll* ‘S.U; s, o -oj . District. SE £2 2 J3J £ c ’tS'3 Ssja ■iff fcfg ggM South Bend .... 48 ( 38 0 Good Angola 48 40 0 Good Ft. Wayne 4.8 [ 42 0 Wheatfleld 47 i 37 0 Good Royal Center... 46 j 38 0 Rough Marion ....r.~.... 49 j 39 0 Good Lafayette 47 37 0.63 Fair Farmland 46 i 40 0.12 Good Indianapolis .... 45 |39 0.01 Good Cambridge City.. 40 I 40 0.12 I Slippery Terre Haute..... 48 ( 38 0 [Good Bloomington ....) 49 I 38 0 j ivluddy Columbus 47 39 0 I Good Vincennes 48 39 0 | Soft Paoli 47 42 0 Fair Evansville 46 42 0 | T. G. Temporarily in Charge, Meteorologist, Weather Bureau. WHOLESALE BEEF PItICUS. The following are today’s wholesale market prices for beef cuts us sold by the Indianapolis markets; Ribs—No. 2,25 c; No. 3,20 c. Loins— No. 2. 25c; No. 3,20 c. Roiinds—No. 2, 22c; No. 3, 180. Chucks— No. 2,13 c; No. 8,11 c. Plates —No. 2,10 c; No. 3, Bc.

FINDS CLEW TO AGED TREASURE IN CALIFORNIA Prospector’s Discovery of Parchment Written in 1553, Gives Location OAKLAND, Cal., April 4.—Will three sheets of time-worn parchment, almost illegible and written in Spanish of the fifteenth century, be the means of dis • covering a fabulous treasure amounting to perhaps millions of dollars in gold and silver in the desert mountains oi Imperial County, close to the Mexican border ? John Meyeroff, prospector and discoverer of the centuries-old documents, believes they will and has organized a party to search for the treasure. The manuscript consists of three torn and mutilated pages written or lettered on both sides in the Spanish language. Not only the date but curious variations in the Spanish spelling of the words point to the antiquity of the papers. RECITES SPANIARDS ADVENTURE OF 1553. They tell how the party of Spaniards set forth from Spain in 1553 and traveled through North America, finally encountering a party of Frenchmen who had been shipwrecked and who were without supplies. The two parties joined forces and traveled more, finally discovering a great mine, where so much gold was found that all of the horses, mules and oxen with them were laden with it and the explorers themselves started to make the return journey on foot. At the mine, the papers tell, one of the party died. With him was buried papers giving his identity and laying claim to the mine for his heirs in accordance with the old Spanish law. The documents which Meyeroff has discovered not only tell where the trensure was later buried, but give directions for reaching the old mine where the discoverer was burled. The party was returning to the outposts of civilization, which then had not reached beyond New Orleans or Mexico City, when It was surrounded by 4,000 Indians, who kept them from obtaining food until they all died of starvation. ALL HOPE OF ESCAPE ABANDONED. One by one the party ate the horses and mules, hoping for a chance to escape from the awful fate, it is recited in the papers. Seeing that salvation was to be hoped for in vain, they took the treasure and buried it in the lonely wilds of th* Imperial County mountains and set down the record of where the treasure was buried. The documents were discovered by Meyeroff in a most unusual manner. He had been prospecting in the hill desert of that section for months, traveling alone, when he noticed a large balanced rock. For mere amusement he tried to push this roek over, but his efforts were unavailing. He tried severnl more times and when he was finally successful, there, under the rock and wrapped in an old hide was the well-preserved record of 350 years ago telling of the ill-fated party nnd Its lost trensure. / Having made his discovery some eight months ago, the prospector retir'd to Potholes to make a study of the documents. Ha knew nothing of the Spanish language, but with the aid of an old worn Spanish dictionary and by adrolity questioning Mexicans in the little old desert town he learned of the language to piece out the dory of the exploring party. He took his documents to the University sos California that a permanent

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record might be made of them for historical research purposes and that copies might be made for the party of modern explorers to use in searching for the treasure. FADED INK WITH CHEMICALS. Professor Herbert E. Bolton, foremast expert on early Spanish exploration In North America, has studied the portion of the documents which Meyeroff has brought West with him, much of which has been rendered illegible by the fading of the ink, but which it is hoped to restore by chemical means, and says that there is a possibility that tl ese papers will form the missing link in one of the tragedies of the Southwest. The expedition of which he says the documents may be the original record is that of Francisco Leyva de Bonilla and Antonio Guiterrez de Humana, which was undertaken at about the date of the desert-buried documents. EXPEDITION IS PART OF HISTORY. This expedition is known only by records written a generation later from tradition. It was, like that of the newfouhd papers, totally destroyed by Indiana, save for a single couple, a man and a mulatto woman, and it, too, carried a great gold and silver treasure which has been much sought by prospectors and archaeologists but never found. This party spent about a year among the pueblos and set out toward the northeastward and entered Kansas and may have gone as far as the Platt River. They turned backward, however, and on the return trip Humana murdered Leyva, tradition tells, and took command of the expedition. It is on this fact of the trip as well as other details of the places visited on the expedition that Bolton expects to connect the two records and establish the authenticity of the new-found papers. These elements of the trip are taken up in the part of the document which Meyerroff has left with his Eastern relatives. POSSIBLE TREASURE HAS BEEN FOUND. There is. Professor Bolton points out, not a great probability that even if the treasure were buried at the place indicated in the documents it is still there. It may have been found by later explorers or it may have been removed by the Indians which massacred the Spanish party. “Os course, lain not interested in the treasure,” says Professor Bolton, “but I would like to shed new light on the expedition of Humana and Leyva through these documents, or perhaps establish the fact of a hitherto unknown expedition into New Mexico through these documents.” A copy of the legible portion of the first page of the paper in the original language and spelling has been made by Meyeroff. as follows: GIVES TEXT OF ANCIENT PAPER. "We testify in good faith that having

EVERY DAY

sailed from Brain Is 1553 A. D. and hav-. ing traveled in various parts of this continent and not having encountered anything but savage Indians, we hat now come upon an expedition of French-, men Whose supplies had been destroyed by the elements. We had a forco of 200 men bn June 24, , and for purposes of added force we took with us the eighty-seven Frenchmen. Yesterday wa were attacked by savages. At the same time we have found gold and silver • • • In an encounter with the4| savages our forces were reduced, so that we now have but ninety-four Spaniards and thirty-three Frenchmen and we have been obliged to bury our fabulous riches, as we do not have hopes of living tinea we have been attacked by the barbsrous inhabitants of the country. We have deposited these records of the nobles and the civilized people in the belief that our children may some day find them In the name of the Saint and the Holy Mother of the Christian Church, who we praj shall have mercy upon us.” The opposite side of this page is devoted to a description of the location o the mine which the “fortuns fabalosas" (fabulous treasures) were taken and of the places where the latter were burled in the desert •ff"’ WHOLESALE FEED PRICES. Ton. Cwt. Acme Bran $26.00 $1.85 Acme Feed 27.00 1.40 Acme Middlings 29.00 1.51 L Acme Dairy Feed 37.75 1.95^ E-Z Dairy Feed 28.75 1.50 Acme H. & M 322)5 1.65 C. O. & B. Chop 24.00 1.25 Cracked Corn 31.50 1.60 Acme Chick Feed 39.00 2.00 Acme Scratch 36.00 1.85 E-Z Scratch 54.00 1.73 Acme Dry Mash 39.00 2.00 Acme Hog Feed 38.00 1.95 Ground Barley 39.25 2.00 Homllok Yellow 24.50 1.25 Rolled Barley 39.25 2.00 Alfalfa Mol 87.00 1.90 Cottonseed Meal 36.00 1.83 Acme Chick Mash 43.00 2.20 CABBAGE AN ORIENTAL. Cabbage, like all vegetables that have been cultivated from remote times, Is of Eastern origin. DID YOU KNOW IT? / <>A “Patriotism is the last refuge of; a scoundrel” is from Boswell’s “Life of Samuel Johnson.”

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