Indianapolis Times, Volume 34, Number 242, Indianapolis, Marion County, 18 February 1922 — Page 11

COAL AND WOOD—FOR SALE. Special Pnce on Coal Three Days Only We sell the best coal money can buy. guaranteed and our guarantee Is absolutely good. Best Pocahontas lump, forked SB.OO Best Pocahontas lump, shoveled 7.75 Best mine run 6,75 Best W. Virginia lump, forked 7.25 Best Kentucky lump, forked 7.25 Best Cass egg, forked 5.50 Best Hamilton lump, forked 6.60 TOM SHROYER ' 480 Indiana ave. Circle 1436. Lincoln 5443. Selecting the Right Coal Is a Problem The kind of coal that should be used to obtain 'the most economi- • cal results depends largely where and how coal Is used. Put your coal problem up to us. Polar lee and Fuel Cos. 2000 NORTHWESTERN. Randolph 0689, Kenwood 1321, Drexel 1456. Stewart 2846, Bel•fttont 0888, Riley 9731. Kindling With Each Ton Best Ind. or Linton No. 4 clean fk. ..16.2b Best Illinois mine run 5.50 Best 111. lump, large forked, clean... 7.00 Best Illinois egg, clean forked 6.75 Best Brazil egg, clean ftrked 7.00 Best Brazil block, clean forked 7.75 High grade nut and slack.. 4.75 Delivered anywhere In the city. Drexel 3280. St. 2225. Union Ice and Coal Cos. Quality, Service and Correot Weight. Since 1908, Ask your friends THIS WEEK ONLY Pocahontas, double lump $7.75 Pocahontas, m*ne run $6.75 Indiana lump $5.73 Illinois lump $6.75 ZERO ICE AND FUEL CO. __ RAnd. 0345. Linton No. 4 forked. .$6.00 Illinois forked lump. .$6.75, W. Virginia forked lump $7.75 WEAVER COAL CO. PR exel 2201. BEST COAL MONET CAN BUT. ,ck Betty, 6-lnch lump $8.25 In Island creek $7.75 :ahontas lump/ ~,..59.00 BANNER COAL CO. C. 7672 and a 6724. GOOb hard wood, furnace or cook stove, $5 a cord delivered, 8 feet long, 4 feet high, 18 Inches wide. Call Mali* 6063 daytime or Washington 0710 evenings. COAL L. H. BAIN COAL CO. / Main 5531. * 212 N. Pine. Main 2151. GOOD grade of Indiana coal, forked coal. $6 ton; shoveled, $5.75; mine run, $5.50. Circle 8449. SPECIAL Poca. M. R., 40 % lump, $6.75; Linton No. 4, $6,25. ADAMS, Ra 5153. AUCTIONS. r > McPherson auction co. We sell everything on earth. 10 West Ohio street. l oom 203. Phone Circle 4583. Circle 58/1. LEGAL NOTICES. NOTICE OP HEARING ON RESOLUTION To Whom It May Concern: Notice is hereby given by the Board of of Park Commissioners of the city of Indianapolis that by its Acquisition Resolution No. 2, 1922, it has determined to acquire the following described real estate In the city of Indianapolis, Marlon County, Indiana: All of lots Nos. 7,8, 9, 10. 22. 23. 24, 25 and 26 In Jose-Balz Parkway addition revised, as recorded in plat book No. 18, page 168, in the recorder's offlee of Marion County, State of Indiana; also a strip of ground 6 feet wide lying between and adjacent to lots No. 8 and 9 in the aforesaid addition; also another strip of ground 6 feet wide lying adjacent to and north of lot No. 24 In the aforesaid subdivision containing one (1) acre. That said real estate so to be acquired Is to be used for park purposes of the city kof Indianapolis. ■ttkiy said resolution it Is provided that ■■irsday, March 16, 1922, at 3 o'clock p. fll.. at the office of said board, In the city ha!! In said city, will be the time and place when final action will be taken confirming. modifying or rescinding said resolution and when it will receive and hear remonstrances from persons interested In or affected by such proceedings, and when it will determine the public utility and benefit thereof. CHARLES A. BOOKWALTER, FRED CLINE. . ALBERT M.AjiAGUIRB, 1 ' SARAH E Board of Park Commissioners of the City of Indianapolis.

FINANCIAL. RaAL ESTATE CONTRACTS PURCHASED SECOND MORTGAGES PURCHASED COMMERCIAL PAPERS PURCHASED WE ADVANCE RENTS ON LEASE3 INVESTIGATE OUR NEW PLAN.' AUTOMOBICE FUNDING CO. 913 HUME-MANSUR. MAIN 3868. LOANS On furniture, pianos, autos, live stock, torm Implements and other collateral. CAPITOL LOAN CO. 141 % E. Washington St. Main 0585. Auto Lincoln 7184. LEGAL RATE LOANS. ' > INTERSTATE COLLATERAL LOAN COMPANY. 508 Odd Fellow bldg., fifth floor, corner Pennsylvania and Washington .sts. Main 3130. PhoneC Auto. 31-430. WE MAKE first and second mortgages or. improved farms and Indianapolis real •ate. f TNA MORTGAGE AND INVEST’T CO. 508 Fidelity Trust bldg. FIRST and second Aortgagea on Indiana and Indianapolis real estate. R. B. WILSON. 108 N. Delaware st. Main 1618. In the Cotton Market NEW YORK. Feh. IS.—Responding to firm cables and a higher stock market, the cotton market opened steady today at 8 to 15 points higher. Spot houses and Wall street interests were the chief buyers early, and in the face of unloading and moderate pressure from New Orleans and Japanese concerns, the list well after the start and about 15 to 17 points net higher on active options. New York opening cotton prices: March, 17.75 c; May, 17.45 c; July, 16.92 c; October, 16.48 c; December, 18.33 c; January, [email protected]. The market eased off In the afternoon, under profit taking sales, but turned steady near th# close which showed net gain of 20 to 27 points. —Cotton Futures— Open. High. Low. Close. January 16.15 16 35 March 17.75 17.90 17.67 FLBO May 17.45 17.65 17.39 17.57 July 16.92 17.15 10.86 17.06 < October 16.48 16.88 18.42 10.57 December 16.33 16.53 16.31 16.47 —Cotton Review— NEW YORK, Feb. 18.—The reactionary tendency in the cotton market yesterday did not extend very far. having been met with renewed demand for contracts due to a great extent to continued reports southern spot*markets of a better fQ/ land and a higher basis and the scare Tty of offerings by farmers. The foreign market also showed improvement today with reports of fair business and a better demand for varns end cloth. The stock In New York is' now down to 60.000 bales and with a small stock invNew Orleans the spot position becomes stronger and this lends confidence to longs. We have a favorable opinion of the market for the long run, bnt would not favor the purchase of contracts on the bulges. * LIVERPOOL, Feb. 18.—There was a moderate demand for spot cotton at the beginning of business yesterday. Prices were easier and sales around 6,000 hales. American middlings fair, 12.16d; good middlings. 10.71d; middling, lO.Old; full middlings, 10.36 c; middlings, 11. Oland; low middlings, 9.06d: good ordinary, $7.80d; ordinary, 7.06d. Futures opened qniet. j

LOCOMOTIVE AND TOBACCO SHARES HIGH Marine Preferred Is Bought Freely on Favprable Discussion of Subsidy. PROFIT - TAKERS BUS' Special to Indiana Dally Times , and Philadelphia Public Ledger. By MONITORNEW YORK, Feb. 18. —Rather marked i irregularity developed on the stock exchange, although trading was fairly active, with a■, turnover of approximately 700,000 shares. Price movements were extremely -•confusing, with a preponderance' of declines, which was offset by scatered examples of strength in the specialties and by steadiness" in some of the rails. Pronounced weakness was displayed by Mexican Petroleum on another salt water report. American Snuff broke sharply on ; one transaction. May Department Stores declined more than 3 points, and the steel shares were rather heavy. The Pierce Oil Issues displayed further weakness, with the preferred stock _ declining 6 points. The market was/ a professional affair and profit taking 'predominated in the ; day's operations. The strongest issues j were American Locomotive, American ' Tobacco and Marine preferred. The lat- j ter stock was freely bought on Washing ton advice pointing to the favor with j which subsidy plans are being discussed, j but profit taking later in the day wiped ; out the early gains. One item of more than passing interest ] was furnished by the announcement that ; the Illinois Central Railroad planned to j rais capital through the sale of $50,000.000 of preferred stock. The Federal Reserve Ratio shows a gain of 3 per cent to the basis of 70.4 per cent. A moderate increase in note circulation Is reported for the twelve banks, but there was a reduction of more than $37,000,000 in rediscounts. The gain, however, is due chiefly to an Increase of nearly $15,000,000 in gold holdings. So far as the position of the individual banks is concerned, the most Interesting feature is a rise of 8.7 per cent in the reserve • ratio of the Atlanta Bank. United States Rubber apparently had discounted the poor showing set forth in the annual report and the heavy decline in net earnings had no adverse effect on the market for the stock, which closed at a gain of more than onp- point.—Copyright, 1022, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. The market was under selling pressure almost from the opening. The weight of distribution during the last wfek was felt most heavily in Mexican Petroleum and the Associated Pan American petroleum stocks, in the motors, steels and In. many miscellaneous issues. The inde-’ pendent steels were subjected to liquidation which appeared in United States also. Save only in American Locomotive and a few special stocks, the trend during the day was toward distinctly lower figures. Immediately after the opening, Baldwin Locomotive, having declined below 104, was advanced vigorously to above 105 The object was a drive against the shorts in which it partially successful, but the rest of the market continued a sagging tendency which featured the opening. The movement in Baldwin was wholly speculative in character. Mexican Petroleum developed acute weakness from the beginning of business. It was reported that the number 3 well in Tierra Blanca had gone to salt wafer, and the number 2 well in the' same field had proved to be a gas well and was closed. That the advance In this stock, during recent sessions had been based wholly on the t/chnical position was shown when selling orders in volume came Into the market. Stop loss orders were caught, and the decline, interrupted only bv intermittent rallies during the day, continued until nearly the end of the session when the price had declined negrlv 7 points ffom the opening. Short coverings brought a small rally at the I close.

The idle car statement of the American Railway Association made public yesterday showed 467.907 idle cars Feb. 8. a reduction of 21,815 from the preceding week. Os this total 296.659 represented ears in good repair available for Immediate service. This is a reduction of 34,022 from the beginning of the month. The remaining 1t1,33S represents the number of idle freight cars In need of repairs In excess of the number normally regarded as being in bad order. These figures substantiate the general Impress sion of Improved business during January. Among the various rumors circulated during the decline in Seneca Copper was one suggesting the possibility of new financing. It was repeated In usually well Informed quarters with the detail (hat the financing will take tne form of an Issue of 100,000 shares of new ptoek which will be offered at $lO per share. Short covering was responsible for such strength as Seneca exhibited. The railroad list generally was firm, the exception being Illinois Central which declined more than four points on a report that the company contemplates selling $50,000,009 of new preferred stock. Except in Canadian Pacinic, the changes generally were fractional, and the buying in most of these stocks on the decline was of excellent character. The copper stocks opened lower, but It was noticeable that trading was on a small scale, and offerings comparatively light. The metal is offered In considerable quantities at 13 cents delivered for first quarter. These offerings are said to represent only the smaller producers but It is suspected that at least one large producer Is willing to take orders at this price. Firms specializing in Ctah and Anaconda report buying of an Important character will be found on recessions from the present level. Bethlehem Steel B and Republic Iron and Steel both under pressure during the day. The former whieb Thursday sold above 65 , broke beiow 63 and the latter sold at 52. Selling in Bethlehem was due In part to liquidation by tired holders who are not optimistic on the immediate future for the company's shipbuilding activities. In the case of Republic, the question as to the action to be taken by the directors next week when they meet for the preferred dividend was the restraining influence. American Can -enade anew high fractionally above 40. but lost practically all of this gain before the end of the session. 'Attention is directed to orders being placed by large canners who in recent years have made their own containers but now find it cheaper to buy from the corporation. There is some discussion of the possibility of an increase in the present $2 annual dividend of the International Combustion Engineering Corporation, whose stock recently has been listed on the exchange. This discussion is based largely on expectations of an Increase in the corporation's foreign business. It makes and sells automatic Stockers and accessory mechanisms designed to increase the efficiency of boiler plants and to reduce operating costs through fuel savings. During the last four years the company has more than earned the present dividend net after* taxes equaling $2.46 per' share in 1918, $2.24 in 1919, $2.70 In 1920 and $3.77 last year. Houston Oil was weak in sympathy with the decline In the other oil stocks, although some buying appeared on the publication of the preliminary report for last year. This showed net earnings, after taxes and expenses, but before depletion, of $1,801,395. This does not include the earnings of the Higgins Oil Company, 60 per cent of the stock of which is owned l>y Houston, nor the sein annual payments due on the Kirby Lumber Company 7 per cent notes. Pierce Oil preferred declined to anew lotv far the preseuWmovement. This is a continuation of the decline which has been In progress for about ten days when a drive against the shorts sent the quotation to 67. The Street is filled with rumors alL' of which hinge on financing r-iins —Copyright, 1922, by Public Ledger Company.

N. Y. Stock Opening

—Feb. 18— Allied Chemical 57% American Can 69% American Ice 98 Am. Inter. Corporation 42% Am. Locomotive 00% Am. Smelt. & Ref 45% Am. Sugar Ref 6®% Am. Sumatra Tob. Cos 2o Am. Tel. & Tel 119 Am. Woolen Baldwin Locomotive 104% Beth. Steel (B) ..is. 83 California Pete* 48 Central Leather” 33 Chandler Motors Columbia Gas J4% Cosden Oil 34 Corn Products 102% Dela. & Lack. 111% Gen. Asphalt 62% General Motors Gulf States Steel Lehigh Valley '. 61% Marine Ptd. Mexican Petroleum 149% New Haven 17% Norfolk & Western 100% Northern Pacific 79*4 Pacific Oil 46% Pure Oil 33% Pan-4*nerican 53% Penna. Ry 34% People’s Gas < 75% Reading 75 Sears Roebuck 63% Stewart Warner 33 Southern Pacific 83% Studebaker 92% Texas Gas and Sulphur 42% Texas Cos 45% United Retail Stores 53% United Fruit Cos 131 U. S. Cast-iron Pipe .7... 24% U. S. Industrial Alcohol 44% U. S. Steel 90% Westinghouse Elec 54

A 7 . Y. Stock Exchange

(By Thomson & McKinnon) —Feb 17— Prev. High. Low. Close. Close. Ajax Rubber... 18 15% 15% 15% Allied Chemical. 58 57V* 37% \ 57% Alllß-Ohalmeic 45 44% 44% 4k% Am. Beet Sugar 35% 35 35 % 36 Am. Bosch Mag. 35% 35 35% 35 Am. Can 40% 38% 39 39% Am. Car A Fdv.l47 145% 145% 147 Amn. Ice 99% 98 98% 99% Am. Hd. A Lthr. 66 66 66 67 Am. Int. Corp.. 43% 42% 42% 43 Am. Locomotive.lol'% 107% 109% 107% Am. Steel Fdy.. 32% 32 32 32% Am. Smt. A Ref. 46 45% 40 45% Am. Sugar Ref.. 67% 66% 66% 6C% Am. Sum. Tob.. 23% 25 25% 24% Am. Tei. A Te 1.119 118% 418% 118% Am. T0bacc0...136 134% 135% 134% Am. Woolen ... 83% 82% 82% 83% Anaconda 48% 47% 47% 48% Atchison 97 97 97 97% Atl. Coast Line. 89 89 89 —.. At. Gif. AW.I. 27 26 % 26% 27% Atl. Pete 23 23 28 ... Bald. Loco 105% 103% 103% 104% B. & 0 36% 35% 35% 06 Beth. Stl. (B) . 64% 02% 62% 04% Br. Rd. Trans.. 10 9% 9% 10 Cal. Pete 48% 48 48 *48% Can. Pac. Ry.. 130% 129% 129% 130 Cent. Leatb. ... 33% 32% 23% 33% Chand. Motor . 63% 62% 62% 62% C. A 0 58 57% 58 58% CMA St P com .20% 20 20 20% CM&StPpfd ..34% 33% 33% 34% Chi. A Northw.. 67% 67% 67% 67% CR I & Pac. ...35% 34% 34% 35% CRI&P 6pcf pfd 76% -76 Vi 76% 77 Chili Copper ... 17% 10% 16% 16% Chino Copper . 28% 26 26 26% Columbia Gas . 75% 72% 74% 74 Coca Cola ... . 45% 44% 44% 45% sCol. Fuel A I. 26% 26% 26% 27 Con. Gas 92 91% 91% 92% Con. Can 54% 63% 53% .... Corn Prod 102% 101% I*o2 102% Crucible Steel .61 % 60% 60% 61% Cuban Am. S. . 19% 19 19% 18% Cuban C. S. ... 10 9% 9% 9% Del. & Hud, . .111% 111% 111% 111% Del. A I-tick. .111% 111% 111% 112% Dome Mines . 23% 23% 23% 23% Erie 10% 10% 10% 10% Erie Ist. pfd. . 17% 17% 17% 17% j Endlcott & J. .80 79 % 79% 80 Fatuous Play. . 81% 80% 81 81% Fisk Rubber Cos. 12% 12% 12% 12% Gen. Asphalt . 63% 61% 62 61% Gen. Cigars.... 67% 67 Vi 67% Gen. Electric .-150 149% 150 149% Gen. Motors.... 8% 8% 8% 8% Goodrich 37% 37% 37% 37*k G. Nor. pfd.... 75% 75% 75% 75% Gt. Nor. Ore... 35% *35 35 33% G. States Steel.. 74% 72% 78Vi 74% Hupp 14% 14% 14% 14% Houston Oil 75 74% 74% 76% 111. * entral 101% 98 99 103 Indlahoma 4 3% 3% Inter. Nickel... 12% 12% 12% 12% Inter. Paper 48% 47 47 48% Invin. Oil 14% 13% 13% 14% K. C. Southern. 24 23% 23% ; 24% K-S'field Tire.. 37 37 ' 37 37 Ken. Copper.... 27% 27% 27% 27% Lack. Steel .... 47% 48% 48% 48% Lee Tire 27% 27% 27% 27% Lehigh Valley.. 6V% 60% 00% 60% Loews, inc 14% 12% 13% 12% Martin-Fary ... 29*4 28 28 29% Marine com ... 15% 15 15 15% Marine pfd 72% 71 71 71% May Stores 107 107 107 ... Maryland Oil.. 25% 25% 25% 26% Mex. Petroleum 125% 118% 19% 125% Miami Copper.. 26% 26V* 26% 28% Middle S. 0i1... 13% 13 13% 13% Midvale Steel... 30 * 29% 29% 30% Mo. Pac. Ry... 18% -18% 18% 19 Mo. Pac. Rv pfd. 48% 47% 48% 48% Mont.-Ward 13% 12% 12% 13% Nev. Con Copper 13% 13% 13% 14% N. Y. Air Brake 59% 59% 59% 59 N. Y. Central.. 78% 76% 76% 76% New Haven N. A W 100% 100 100 100% Northern. Pac.. 79% Okla. P. 2% 7'<s 2% 2*> Owen Bottle .. 28% 27% 28 28 Pacific Oil 47 46% 48% 46% Pan. Am. Pet. . 56% 53 53 56% Peuna. Ity 34% 84% 34% 34% People's Gas .. 75% 75% 75% 75% Per e Marq 22% 22% 22% 22% pierce- Arrow ..15% 14% 15 15% Pierce Oil 8 7% 7% 8% Pullman Car.. 116% 115% 116% 116% Pure Oil 34 33% 33% 34 Reading 75% 74% 74% 74% Rep. Iron Stl... 52%' 51% 51% 52% Royal Dutch 51 50% 50% 50% Sears-Roebuck.. 63% 63% 63% 63% Sinclair 19% 19 19 19% S-S. S.'A 1 4040 40 41 80. Pacific 84% 53% 83% 84% Southern Ry.... 19 18% 19 19 St.L. A 5.W.... 25% 24% 24% 25% Stand.O. of Cal. 97 96% 96% 98% Stand.O. of N.J.178 177% 177%' 180 St.L. A S.F.com 24% 28% 23% 24 Stew. Warner.... 33 82 33 33 Studebaker 94% 93% 94 94% Tex.G.A Sulphur 43 42% 42% 42% -Tex. C.—■& 011 25% 25 25% 25% Texas Cos 45% 45% 45% 45% Tex. A Pacific. 31 30 30 31 Tob. Prods 62% 62% 62% 62% Trans. Oil .... 10 9% 9% 9% Fnlon OH 19% 19 19% 19% Pnlon Pacific ...131 130% 130% 130% Un. Drug 66% 65 65% ... Un. Fruit 139% 137% 137% 138 U. S. R. Stores 54*. 53% 53% 54% IT. S. C. Ir. Pipe 25% 24% 25 25*/* U. S. In. Alch.. 44% 44% 44% 45 V. S. Rub, 54% 53% 54% 53% L>S. Steel 91% 90% 90% 91% I S. Steel pfd..116% 116% 118% 116% Utah Copper ... 62 61% 61% 62% Van. Steel 34% 34 34 34% Wabash 7% 7 7 7% Wab. Ist pfd. .. 21% 21% 21% 21% W. Pac 15% 15% 15% 15%. West. Union .. 91% 91% 91% 90% West. Elec. ... 54% 58% 53% 54% White Motors . 38% '38% 38%'... W-Overland. 4% 4% 4% 4% White Oil 10 9% 9% 9% Wis. Cent - Woolworth 150% 150% 150% 151 Wilson 87 37 87 37% Worth. Pump . 47 47 47 NEW YORK liberty bonds. -—Feb. 17— pr^v, , High. Low. Close. Close. L. B. 3%s 97.06 96,86 L. B. Ist 4s * . 97.14 L. B. 2d 4s 96 94 96.76 96.94 Ofl 7U L. B. Ist 4%s 97.38 97.10 97.06 97 00 L. B. 2d 4•, s 97.08 92.84 90.98 96.80 L. B. 3(T4%5... 97.80 97.60 97.62 97.60 L. B. 4th 4%5.. 97.60 97.40 97.42 97.40 Victory 3%s HJO.OO 100.00 Victory 4%5... .100.30 100.22 100.26 100.22 0 NEW YORK HIDES. / , NEW YORK, Feb. 18.—Hides were quiet in trade on the market here yesterday, native steer hides selling at 15%c per pound and branded steer hides being quoted at 14%c. * " NEW YORK METAL MARKET. , NEW YORK. Feb. IS.—Copper—Qujet, ail positions offered, 12%c . Lead—Quiet; all positions offered, 4%c. SpelterQuiet; spot, 4.47%04.52%c: February and March offered, 4.52%c. NEW YORK TURPENTINE. NEW YORK, Feb/ 17.—Turpentine sold at 90c per gallon in trade on the market here today.

INDIANA DAILY TIMES, SATURDAY, FEBRUARY 18, 1922.

STOCK MARKET TONE IS STEADY * Only Fractional Changes Occur Du ring Trading. NEW YORK, Feb. 18.—The stock market was quiet at the opening tffday, only small fractional changes being shown in either direction. United States Steel was unchanged, while Baldwin Locomotive rose 1 point to 105%. Mexican Petroleum moved up % of a point to 120% and then lost this gain. The railroad stocks were in demand. Rock Island showing a gain of 1 point at 35% while Reading was % of a point higher at 75. Chandler Motors rose % of a point to IJ3, while Studebaker was % of a point lower at 93%. Gulf States Steel showed a loss, of % of a point at 72%. (By Thomson A McKinnon) —Feb. 17Professionals took the selling side of the market. The reason tor this is not clear unless it wag in anticipation of a custoihary week-end reaction and profit taking. Pressure was concentrated on Mexican Petroleum. The decline here was rather sharp and was promptly accompanied by the usual story ttyit appears during weakness in this issue, that salt water pad appeared in another well. The market in general held fairly well. * Reactions in some issufts were offset by Impirovement in others. The market has during recent months demonstrated its ability to withstand not only bear pressure but unfavorable news and there is no reason why it should not be able to take care of itself at this .time. The news of the day was mixed. Bonus legislation was again injected into financial discussion by the statement of the chairman of the Committee on Ways and Means that a bill would -be presented that vwould be satisfactory to the majority and would be passed, but in view of the altitude of the President, it is very doubtful now whether any law could be passed that would involve class taxation. A very favorable item as to business conditions is found in the report on Rock Island Railroad traffic. During the first thirteen days of this month, this road handled 9,000 more cars than in the same period last year while business handled for connecting lines as well as loadings on the company's lines both show a fair increase. We will likely have g reaction now. We will certainly have them at frequent Intervals. 1 We suggest accepting profits on bulges and be better i repared to take advantage of these reactions? TWENTY STOCKS AVERAGE. NEW YORK, Feb. 18.—Twenty industrial stocks Friday averaged BASB, off .10 per cent. Twenty active rails averaged 77.28, (ff .22 p<-r cent. CLEAKISG HOUSE STATEMENT. NEW YORK, Feb. 17. —Exchanges, $712, 960,000; balances, $90,."'00.000; Federal Reserve Bank credit balances, $77,800.000.

Money and Exchange

Indianapolis haDk— clearings Friday were $2,775,000; bank debits. $5,617,000. i NEW YORK, Feb. IS— I The foreign exchange market opened steady today with i demand Sterling 11-16 cents higher at $4.36%, Francs advanced 7% centimes to 8.87 c for cables and to 8.86%e for checks. Lire rose 1 point to 4.89 c lor cables and 4.88%c for checks. Belgiau cables were • 8.13 c; checks, 8.42%e. Marks were off % of a point to .0043. Guilder cables were 37.70 c; checks, 37.65 c. Sweden kronen cables were 26.50; checks, 26.45 e. NEW }OKK MONEY. i NEW YORK,'Feb. 17.—Money: Call j money ruled 4 per cent; high, 4 par 'cent; low, 4 per cent; time rates steady and prime mercantile paper steady. Bter ling exchange was steady, with business in bankers' bill at $4.34% for demand. MOTOR SECURITIES. tßy Thomson A McKinnon) —Feb. IS Open Close. I Earl Motors 2% 3 Packard com 65 5% ' Continental Motors com 5% 5% Continental Motors pfd 80 So Hupp com. 14% H% Hupp pfd 90 j Ueo Motor Car 18% 19 1 Elgin Motors 2% 2% i Ford Canada 290 295 ; National Motors 1% 2% ! Federal Truck 15 16% Paige Motors 13 14 Republic Truck 5 5% ACTIVE OIL STOCKS. (By Thomson A McKlnnoh.) —Feb. 18.— * —Opening— Bid Ask Anglo-Ameri< aw Oil 17% 17% Atlantic Lobou 8% 9% Borne-Scryniser 820 340 Buckeye Pipe Line 92 94 Chesebrough Mfg. Cons .190 11*5 Continental OIL Colo 120 135 : Crescent Pipe Line 33 35 Cumberland Pipe Line 130 134 Elk Basin Pete 5% 6 Euraka Pipe Line '9O 93 Galena-Signal Oil. I'ref 108 113 Signal Oil, C0m..,.).. 46 50 Illinois Pipe Line 173 176 Indiana Pipe Line 88 92 Merritt Oil 8% . 8% Midwest Oil ....,,2 3 Midwest Rfg 170 175 National Transit 28% 29% New Y'ork Transit 156 I<V) Northern Pipe Line 10- 106 Ohio Oil 27( 275 Okla. P, A R 5% 5% Venn. Mex 20 22 Prairie Oil A Gas 535 545 Prairie Pipe Line 243 247 Sapulpa Refg 2% 3 Solar Refining 370 37.3 Southern Pipe Lice 91 9.1 South Penn Oil .. 77 18&) 188 Southwest Penn Pipe Lines.. 60 64 Standard OH Cos. of Ind 85% 86% Standard Oil Cos. of Kan. 50 500 Standard Oil Cos. of Ky 160 170 Standard Ott Cos. of N. Y. ...862 368 Standard Oil Cos. of Ohio ....385 395 Swan A Finch 30 35 Vacuum Oil 337 312 ' Washington Oil i.,*.... SO 34 NEW YORK CURB .MARKET. (By Thomson A McKinnon.) —Feb. 17— —Closing— Bid. Ask. Acme Packing 25 30 Curtis Aero com 4% 5 Curtis Aero pfd 22 Goldfield Con... 4 5 Jumbo Extension 3 5 'lmperial Oil (Del.) 12% 13 International Petroleum 14% 15 Nipisslng 5% 6 Standard Motors 3% 4% Salt Creek 13% 13% Tonopah Extension 1 5-16 t% Tonopah Mining V/jf 2 IJL S. Light and Heat 80 85 U. S. Light and Heat pfd 97 .11-16 Wright-Martiu .... 2 V <5 Yukon Gold Mine Jerome - ~.. 35 45 New Cornelia /T... 17% 18% United Verde •-—**; .... 28 29 Sequoyah 3 12 Omar Oil Til 78 Rep. Tire 16 '2O Boston A Mont 43 45 Kirby Oil 25% 25% ' CHICAGO STOCKS. (By Thomson A McKinnon) —Feb. 17Open. High. Low. Close. Arm A Cos. pfd. 95% 96 95% 96 Case Plow 3% 3% 3% 3% C. C. A C. R/prd. 6% 6% 6% 6% Chi. El. Ry. pfd. 4 Cudahy 62 .... Contin. Motors.. 5% 5% 5% 5% Deere A Cos. pfd. 61% Diam. Match.... 109 Earl Motors.,.. 2% .... Libby-MoNeill . 5% 5% 5% 5% Mont.-Ward .... 13 13% 13 13% Natl. Leather... 2% 2% 2% 2% Pick A Cos 24% .... Pigglv Wig. A.. 39% 39% .TT% 38 I Iteo Motor 18% Stew. Warner... 32% 33% 32 32% Swift A Cos 102% 103% 102% 103% Swift Inti 22% 22% 22 22% j Thomp. (J.R.).. 43 43 42% 42% i Temtor Corn A. 3 Union Cb. A Cb. 50% 51 .49% 50% i Wahl 65% 65% 65% 65% ; Wrigley 104 104 103% 103% I Yellow Taxi.... 65 65% 64% 64%

Nfw York Bonds

(By Fletcher American Company.) —Feb. 17— FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (Unlisted) ss, Sept. 1, ’46. 75 76 Arg. 7s, Oct., ’23 97% 98 Belgian 6s. Jan. 1, ’25 99 99% Belgian 7%5, June 1, ’4a 107 107% ] Belgian Bs. Feb. 1, ’41...:....106 106%: Berne Bs, Nov. 1, ’45 109% 110 i Brazil Bs, June 1, ’4l 103 103% • Chile Bs, Oct. 1, ’26 100% 101 CWle Bs. Feb. 1, ’4l 101 101% I Chile Bs, Nov. 1, ’46.. .4 ..,,..101 101%: Christiania Bs, Oct. 1, ’43.;.... 109 109%; Copenhagen 5%5, July 1, ’44.. 87% 88% I Danish Mun Bs, Feb. 1, ’46.... 107% 108 Denmark Bs, Oct. 15, ’45 108% 108%' •'Canadian 5%g, Dec. 1, ’22.... 95% 96%' •Canadian 5%5, Nov. 1, ’23 95% 96% ; •C*nadiailss%s, Nov. 1, '24.... 95 96 •Canadian ss, Dec. 1, ’25 93 % 94% Canadian ss, April 1, ’26 97% 98 Canadian 5%5, Dec. 1, ’27 96% 97% Canadian 5%5. Aug. 1, ’29 98% 98% i Canadian sg, April 1, ’3l 96%* 96% I •Canadian ss, Oct. 1, ’3l 93 94% ; Canadian 5%5, Nov. 1. ’33 98 99 < •Canadian 5%5, Nov. I, ’.84 93% 96% Canadian ss, March if '37 96 96% •Canadian 5%5, Dec. 1, ’37 100% 101% •French (Viet.) ss, Opt., '31... 64% 65% •French 4s, Opt., '43 31% 52% French 7%5, June, ’4l 96% 97 French Bs, Sept. 15, ’45 101% 102 •Italian (War) 5s 37% 38% Jap (Ist) 4%5, Feb. 15, '25... 88 88% ; Jap (2d) 4%5, July 10, ’25 87 % 87% • Jap 4s, Jan. 1, ’3l 73% 74 Mexico ss, Jan., '45 56% 57% Norway Bs, Oct. 1, .’4O 110 110% Queensland 7s, Oct. 1, '4l 106% 107 KW de Janeiro Bs, Oct., '46.... H*) 1 /* 101% Sao Paulo Bs. Jan. 1, ’36.. ~..101% 102 Swedish 6s, June 15, ’39 Swiss 5%5. Xug. 1, '29 97 % 97% ! Swiss Bs, July 1, '4O 114% 115 j U. K. 5%5, Nov. 1, ’22 104% 105% U. K. 5%5, Aug. 1, '29 105 105% U. K. 5%5, Feb. 1, '37 99 99% Uruguay 8s Aug. 1, '46 104% 104% Zurich Sb, Oct. 15, ’45 109 110 , Bergen 8s 107% 108 Argentine 4s, A. A 0 54 54% Argentine 4s, J. A J 54% 55 Dutch E. Indies 6s ....v 91% 94% Ontario 6s, 1943 104% 105% : Seine 7s 90% . 90% •Interna! loans. CORPORATION BONDS. Bid. Ask. Allied Packers 6s 68’% 09% Alum. Cos. of Am. 7s, Nov. '25.1017* L/J.% Am.. Cotton 011 6s, Sept. 2, '24 03% 94% Amor. Tel. 6s, Feb. '24 100% 100% Amer. Tel. 6s, Oct. ’22 100%, 100% Amer. Tel. A 'Tel. 6s, '25 11l 111% Am. Thread 6s, Dec. '2B 190% 100 * Am. Tob. 7s,Nov. '22 101% 101% Am. Tob. 7s, Nov. ’23 192% 102% Anaconda 6s, Jan. ’29 98% Anaconda 7s, Jan. '29 101% 102% | Anglo-Am, Oil 7%5, Apr. ’25140% 103% j Armour 7s. July 15, ’3O. 102% 102% Atchison Gen. 4s 87% 88 Atlantic Ref. 6%5, Meb. ’31... 14 lua Bell Tel. of Can. 7s, Apr. '25.. I(*>% l"l% Bell of Pa. 7s 108 108% Be b. Steel 7s. July 15, '23..101 10',* Big Four Os 96% 97% Can. Nor. 6%8 108% 109 Can. Nor. 7s ....109% 110% Can. Pac. 6s, Meb. 2, ’2-f.. too -* Can Pac. Deb 4s 77% 73% Cent. Arg. Ry. tie, Feb. 27.... 99 % 91 C. B. Q. Gen. 4s 86% 87% 0. B. Q C. 11. q.—Neb. 4s 94 95% C. B. Q —Jt. 0% 106% 106% t\ B. AQ. 5s 96% 97% Chic. A N. W. 6%s 106% 107 Chic. A N. W. 78 106% 8>6% Col. Graph 8s 34 35 Con. Cuu 7*. Dec. ’22 101 101% j Copper Exp. fts. Fob. 15, '23..101% B*2 j Copper Exp. Bs, Feb. $5, ’24.102% 103 Copper Exp. Bs, Feb. '25...103*2 I**4 Goodrich 7s. Apr. '25 1.. 97% 97% Cuban Am. Sugar 8s 104% 104% Cuuahy 7. Juiy 15. "jy I>M% PjO * Diamond Match 7%s P'7% lus% Du Pont 7%r 103% 104 Fedc-rgl Loau 5a DJ2% 102% • eii >ii.:ir 6a, Nov. '24.... j 99% Fisk Tire 8s 101 101% 1 actia Is I'O % 104 * Gooiiyear Ist Sa, '4l ....112 112% Goodyear Deb. Bs, '3l 97% 98 Great Northern 7a 107% ins Grand Trunk 6s 101% 102 Grand Trunk 6%s 103% I'H Grand Trunk lUh% 109% Great Northern 5% 96% 96% Gulf Gil 6a, July '23 10o> list's GUlf Oil 7s. Feb. ’33 UM% 103% Heinz 7s, Dec. ’3O 194 104% Hocking Val. 6a. M<"h.. '24.... ICH 98% Humble Oil 7s. Meh. 15, ’28.1*0% 190% HI. Cent. Ref. 4s. ’65 84% 85 InteY. Met. 4%s 106 106% Interboro 5s 64% 64% let. R. TANARUS, ss. Sept. '22 81 si--. K. C. Pr. A Lt. Ss 103% 194% R C. Term fit. Nov. 15, ”23... AW 10% Kelly Springfield 8s 108 103% Kotin. Copper 7s, Feb. '30.... 1*,2% 10248 L. A N. 7s, '3O 107% 108 Laclede Gas 7s, Jan. ’29 94 % 95 Libby McNeil 7s. May. ’3l '.*9> 4 190% > Mex. Pet. 8s 1{)1% 101% Minn., St. I’. A S. 8. M. 6%5..1()1% 101% Morris 7%5, 102% 1(4 Nat’l Cl ak A Suit Sa 97% 08% ; Wit’! Leather <6. Nov. 15, '23 90% 97 I N. Y. Central 7s. ‘3O 105% 106 N. Y Tel. Ref. 6s, ’4l 102% 103 N Y. Edison 6%a, ’4l 105% 106% Nor. Pac. P. L. 4s 84 84% Nor. Pac. G. L. 3s 60 60% Nor Pac 6s 106% 106% Northwestern Tel. 7a 107% 107% Packard, 8s 99% 99% Pan-Amer. Pet. 7s 96% 97 Penn. 6%s 1u6% 106 Penn. 7s 16% 106% Philippine 5%5, ’4l 104 iOS Proctor A G. 7s. Moh. ’22...100 109% Proctor A G. 7s. %ich. ’23 101% 191% R. ,L Reynolds 6s, Aug. ’2.10'% 101 St. L.-San Fran. P. L. 4s .... 68% 68% St, 1,.-San Frau. AdJ 6s 73% 75% Seaboard Con. 6s 49% 50 Sears Roebuck 7s, Oct. 15, *22.100 100% 1 Sears-Roebuek 7s, Oct. 15, ’23 08% 99 I Sinclair 7%a, May 15, ’25.... 90% 100% Snivsv A Cie Bs. Oct. ’27....11)1% 102% Southern Ry. 6%s 04% 94% southern Ry. Os, Moh ’22-.. 09% lOJ'b S. W. Bell Tel. 7s, Apr. ’25.101% 101% Stand. Oil (Cal.) 75,-Jan. ’31.105 105%, S. Oil (N. Y ; ;) 7. Jan. ”25-’31.191 102% S. Oil <N. Y.i 6%5, May, ’33.1Wi% 106% I St. P. U. I>. 5%5. Dec. 15, ’23 9!)% I<X>% steel and Tube 7s fiSVi 98% Swift 7s, Oct* 15, ’25 101 104 Swift 7s. Aug. 13, ’3l 11*2% H/2% Texas Cos. 7s. Mch. 1, ’23... 101 101% Tidewater Oil 6%s 101% 102*4 Union Tank Car 7s 102% 103% U. s. Rubber 7%s 104% 104% Utah Sec. 6s, Sept. 15, *22... 9-% !*> s Vacuum Oil 7s 107% 107% Va. Car Chetn. 7%s 00% 91% Western El. 7s. Apr. ’25 Kr>% 105 West’n Union 6%s 107*,* 107% Westinghouse 7s, May, *31.... 105iofl Wilson 7%s 96% 96% Winchester 7%s 96% 97%

NEW YORK SUGARS. NEW YORK, Feb. 18.—Raw sugars werf! firmer In trade on the exchange here yesterday, Cuba® being quoted at 3.73 c per pound, duty paid," and Porto Ricos at 3.74 c per pound, delivered. Refined sugars were in very poor demttnd at about steady prices. Fine granulated was quoted at 505.10 c per pound and No. 1 soft at 5c per pound.' NEW YORK COFFEE, NEW YORK, Feb. 18.—Coffee values were easier in trade on the market here yesterday, opening options being 5 points lower. Rio No. 7 on spot sold at B%@9c per pound NEW YORK RICE. NEW YORK. Feb. 18.--Riee values were firm in trade on the exchange here yesterday, domestic selling at 3%07%c per pound. NEW YORK PETROLEUM, NEW YORK. Feb. 18. Petroleum prices wet#' steady in m-ade on the market here yesterday. Pennsylvania crude petroleum sold, at $3.25 per barrel. NEW YORK WOOL. NEW YORIv,' Feb! 18. —Wool prices ruled firm in trade on the market here today. Domestic fleece, XX Ohio, sold at 25039 c per rtound: domestic pulled, scoured basis, ar 18007 c and Texas domestic scoured basis, at 40075 c. CHICAGO PRODUCE. CHICAGO, Feb. 18. -Butter - Receitps, 6,000 tubs; creamery extras, 38%c; firsts. 31035 c; packing stock, 15@17c. Eggs— Receipts, 8.400 cases: current receipts, 33033%c; ordinary firsts, 31032 c; checks. 27028 c; rtlrtfep. 29030 c. Cheese—Twins, new. 21021 %c; Daisies, 22022%c; Yfwng Americas. 21%@21%c; Longhorns. 22%e; Bricks. 17@17%e. Live poultry—Turkeys. 35c; chickens, 25%0; springs, 24c; roost ers 18c; geese, 18c; ducks, 28c. Potu.toes—Receipts. 44 ears; Colorado Brown Beauties, $2.25 02.35 per 150-lh. bag; Wis congins. $1.7501.95; MinnfflMas, $1,650 1.75.

LIGHT SWINE 10 TQ 15 CENTS HIGHER Speculators Only Traders in Cattle Market. RANGE OF HOG PRICES. Good Good Good Feb. Mixed Heavy. Light. 10. [email protected] $9.60® 9.85 $10.25®10.50 11. 9.90® 10.25 8.50# 9.85 [email protected] 13. [email protected] 9.60® 9.85 10.26 @10.50 14. [email protected] 9.50© 9.85 10.25®10.50 15. [email protected] *• 9.60® 9.05 10.45®10.40 16. 10.15® 10.40 9.75 @ 10.10 [email protected] 17. 10.25 ® 10.60 9.85 ® 10.15 10.40®10.66 18. 10.25®1D.60 10.00 ® 10.25 10.65®10.85 liwine prices were steady to 15 cents higher in trgde on the local livestock exchange here today, light swine mak- ! lug gains of 10 to IS cents generally and the heavier grades bolding stealh*. Receipts were light at around 2,6001 for the day and both packers 'and ship- | pors displayed fair demand. All.receipts were sold in a very short j time. Cattle receipts were extremely light at 100 and prices were steady generally, with i speculators the only active traders, j Veal prices were strong to 50 cents higher, with receipts light at 200, the 1 quality fair and the demand by shippers I good.' , Both sheep and lambs were steady, I with receipts extremely light and the: demand sass. S HOGS. 160 to 180 lbs average [email protected] Over 300 lbs 9.85(ft10.00 150 to 300 lbs 10.2o(<il0.85 Sows 7.50(ii 8.75 Best pigs, under 140 lbs 9.50^10.50 Bulk of sales 10.23(g10.50 * Top 10.85 —Cattle— Prime corn-fed steers, 1,200 to 1,800 lbs 7.25® 8.50 Good to choice* steers. 1,200 to 1,300 lbs 6.50@ 7.25 Good to choice steers, 1,100 to 1.200 lbs 6.85® 6.50 Good to’ i-hcdce steers. 1,000 to 1,100 lbs V 6.00(8 0.25 Common to medium steers, 1 800 to 1,000 lbs 5250® 6.00 —Cows and Heifers— Good to choice heifers 6.50@ 775 Medium heifers ....._6.25@ 6.25 Common to medium heifers.. 4.50® 5.50 Good to choice cowa 3.50(0 5.75 Fai? to medium cows 2.25® 3.50 Cutters 2.50(0 4.25 Cancers 2.75® 2.50 —BullaGood to choice butcher balls 4.26® 5.00 Bologna bulls 4.25® 3.75 Light bolongna bulls 2.75(0 3.00 Light to common bulls 2.25(0 2.75 —Calves— „ j Choice veals 13.50®14.00 ' Good veals 13.00(013.50 : Medium veals 10.00(011 00 | Lightweight veals * 7.50(0 S.DO Common to heavyweight veals 6,00® 7.25 —Stockers and Feeders— Good to choice steers under 800 lbs 4.75® 5.50 Medium cows 2.50(0 4.00 Good cows 3 75(0 4.50 Good heifers 5.00'm, 6.50 to good heifers 4.00'0 4.75 Milkers 57.1HK075.00 —Sheep and lambi / Ewes 2.00® 7.00 Bucks 2.50(0 3.50 Good to choice lambs 12.50(014.50 Seconds 7.00® 8.50 Buck lambs 7.00(0 7.50 Culls 3.oo'it 6.00

Other Livestock

CHICAGO. Feb. 17.—Hosm-Receipts, 32.000; market, fairly active and steady to lower; bulk of sales, $9.80(010.25; top. $10.40; heavies, $9 85(010; mediums, $9.95 010.15; lights, $10.15010 40; light lights, $10010.40; heavy packing sows, smooth, packing sows, rough, $8,400 8.75; pigs, $82)0010. Cattle—Receljts, 4,000; market generally ateady; beef steers, choice and prime, $92509 85; medium and good, $7.40(g9.15; good and choice, $8 2509.00; common and medium, $6.2508 25; butcher cattle, heifers. $4 2601.75: cow*, $3.9006 25: bulls. $3.50 06; eunuern and cutters, cows and heif . ci.-.. s2.Wt(a3 90; eanner steers, $3 54(0 4.50; veal calves, light and heavyweight, $7.25011; feeder steers, $5.2507.25: vtocker steers, $3(07; stocker cowg and heifers, $3 7505.25. . Sheep and lambs Receipts, 9.006: market generally steady to strong: good to choice lambs, $13,250 15.65; culls and commons, $10013.50; yearling wethers, $10.50014; ewes, s,>..'>oo 5.75; cull and common ewes, $2250*05.25; feeder lambs. $11.50013.50. CINCINNATI, Feb. 17.—Hogs— Receipts, 5,500; market, steady to 25 cents higher: heavies, $9.75010.50; mixed .mediums- and lights, $10.75; pigs, $9.73; roughs, $8.25: stags, $5 50. Cattle—Receipts, 750: market, strong; bulls, strong; calves. sl3. Sheep and lambs—Receipts. 300; market, strong; *4Ces, $107; choice lambs, $14.50013; seconds. $10011; culls, $507. , CLEVELAND, Feb 18.—Hogs—Receipts, 2.060; market 5015 c higher; yorkers and mixed, $10011; mediums aud pigs, $10.50; roughs. $8; stags, $6. Cuttie- Receipts. 250; market steady; good to choice steers. $7.7508.75; good to choice heifers, $5.2500.25; good to choice cows. $4.2505.25; fair to cow. $3.75 04.25; common cows, $2.7.<(g3.73; good to choice bulL, $3.2506.25. Sheep and lambs Receipts, 500; market 50c higher; top. $13.50. ruives Receipts, 200; market steady r top, $14.50. EAST BUFFALO, Feb. 17.—Hogs—Receipts, 7,200; market, active; yerkers, $lO 75@1(X95; pigs, • $10.75010 90; mixed, $10.60*S:10.7(; - heavies, $lO 50010.60; roughs, $8.5008.75; stags, $405.30. Cattle —Receipts, 150; market, slow, steady; shipping steers. $808.50; butcher grades, $7.2508: heifers, $507.50; cows. $205.23; hulls, $4.5005; milk cows said springers, $250126. Calves— Receipts, 1,200; market active and higher; cull to choice. SSO 15. Sheep and lambs—Receipts, 5.000; nyuket. active: good to choice lambs, sls 016; cull to fair. $0013; yearlings, S9O 13: sheep. S3OIO. EAST ST. LOUIS, Feb. I#.—Hogs Receipts. 4.000; market, 10 to 20 cents hlglmr; mixed and tmtehers, $10.15@ 10.45; good heavies. $9 90010.25; roughs. $7.7508.25; lights, $1040010.50; tugs, $9.50010.50: bulk of sales, $10.25010.4;>. Cattle—Receipts, 250; market, steady; native beet steers. $70825; yearling sP-ors and heifers. $7.5008.50; cows, S4O 3 25; stockers and feeders, $405: calves. $3011.25; canners and cutters, $2.2503.25. Sheep and lamba-Kecelpts. 300; market, nominal: mutton ewes, $607.25; good tochoice lambs, $9.50015; canners and Gutters, st(</4. PITTSBURGH, Feb. IK—Hogs—Receipts, 1,500; market, 25c lower; prime heavies, $10.25010.40; mediums, SIO,BOO 10.90; heavy yorkers, $10.90010.95; light yorkers, $10.80010.90; pigs, $10.25010.50; roughs, $808.75; stags, $f.5005; heavy mixed, $10.50010.75. Cattle —Receipts, 100; market, steady. Calves—Receipts, light; market, steady; veal calves, $13.30; heauy and thin calves, $6.5009 50. Sheep and lambs —Receipts, light; market, steady; prime wethers, $8.5009; good mixed, $7.5009.25; fair mixed, $607; culls and commons, $2.5004; choice lambs, sls. LoCal Curb Market I (By Newton Todd.) —Feb. 18— Am. Homlny.com 14 22 Central and Coast Oil 1 ... Choate Oil Corn. % 1 Columbia Fire ins. Cos 6 7% Comet Auto Dayton Rubber Units 45 • 52 Dictograph I’rod. pul 29 34 D. W. Griffith 5% 6% Elgin Motor Car 1% 2% Fed. Fin. Cos. pfd 77 87 Fed. Fin. Cos. com 125 135 Gt. Sou. Prod. A Ref 5 5% Goodyear T. A K. com 10 12% Goodyear T. A R. pfd 25 28 Ind. Rural Credits 50 60 Metro. 5-10 e Stores com 6% 10 Metro. 5-10 c Stores pfd 19 23 Nat. Underwriting 2% 4 Rauch A Lang Unitß ........ 22 30 Rub.-Tex. Units 12% 17 Stevens Duryea Units 21 28 U. S. Auto. Units 51 61 IT S. Mfg Cos. Units :rs6o 160 BANK STOCKS. Commercial Nat. 8an5.—..... 71 81 Cent. Nat. Bank .N...100 116 Ind. Trust Cos: 175 190 Ind. Nat. Bank r. 260 276 Mer. Nat. Bank 280 Security Trust Cos 130 •... State %v. A Trust 91% 96 Union Trust Cos 300 Wash. Bank A Trust C 0...... 1150 •

GRAIN VALUES REGISTER GAINS Early Advances Are Lost in Later* Dealings. CHICAGO, Feb. 18.—A rush of short covering by pit traders and commission houses sent wheat prices higher at the opening today. The market ran into heavy selling on the upturn, however, and receded to around yesterday’s closing levels. May„wheat started 1 to 2%c higher and July % to l%c up. Trade in corn was mixed with first prices unchanged for May and % to %c lower for July. Oats opened unchanged to %c higher with the market dull. Provisions were higher but inactive. (By Thomson A McKinnon.) —Feb. 17. Wheat —A slight reactionary tendency in foreign markets has been responsible for some scattered realizing in wheat but more largely responsible for a slowing down of new demand. The fact that cash wheat in this market is selling at full carrying charge discount under the May has been responsible for a slight modification of ideas. This change of sentiment is more in the way of an intention to await further reaction before expecting higher prices than it is in the way of tne idea of a lower trend. A’ little better tone was displayed in choice milling wheat in tnis market and at the same time Kansas City secs an improvement in flour business. There is some evidence that the visible supply figures of neYt Monday will not show any important decrease, in fact some expect a small increase. These conditions mav slow down the market for a time, but It must be remembered that there is no increase in the world's supply, remembered, also, that central Europe seems to have a wonderful absorptive ability. Further than this, the condition of the crop in the Southwest, while not now a lector, must be reckoned with in the future. We do not believe any pronounced downward trond is ahead of us. Wit we do suggest the exercise of caution when buying. Corn and Oats —Seaboard houses have been moderate buyers of corn, but otherwise the demand has been less urgent. Realizing sales and the action of wheat were responsible for the reaction in prices. The situation in cash oats instead of improving, %is growing more burdensome, larger buyers have withdrawn from the market and primary receipts continue to exceed lest year. This market is losing friends because of this. Provisions—An early decline in hogs and the action of grains was more than offset in provisions by a rather active cash trade and higher prices in English markets. There is no immediate evidence of any increase in receipts of hogs, therefore, undertone of products should remain strong. CHICAGO GRAIX TABLE. —Feb. 17WIIEAT— Open. High. Low Close. May.... 1.39% 1.39%, 1.37% 1.37% July.... 1.22 1.23% 1.30% 1.20% CORN May 62% .63% .62% .62% July 64% .65%- .64% .64% OATS— " May 42% .42% .41% .41% July 43% -3% .42% .42% PORK—•May.... 21.10 • I.ARD— May.... 11.42 11.65 11.42 11.60 July 11.65 11.85 11.65 11.80 RIBS— May.... 1125 11.55 11.15 1135 July 11.17 11.30 11.17 11.25 RYE—--01nv.... 1.06 1.06 1 03% 1.04% July 96% .96% .94% A4% •Nominal. CHICAGO CASH GRAIN. CHICAGO, Fetf. 17.—Wheat No. 3 red, $1.33%; No. 5 red, $1.25; No. 2 hard winter, $1.32% @1.33; No. 3 hard yellow. $1.30; No. 3 mixed. $1.25%. Corn—No. 2 mixed and No. 2 white. 57%058c; No. 2 yilow, 57%@55%c; No. 3 mixed. 560 56%c; No 3 white, 55%056%c; Ne, 3 yellow, 50056%c; No. 4 mixed, 54054 t*c; No. 4 white and No. 3 yellow. 54(g54%c. Oats—No. 2whlte. 39041 c" No. 3 white, 36039 c; No. 4 white. 34%fg36c. TOLEDO GRAIN PRICKS. TOLEDO, Feb. 17.—Wheat—Cash, $1 40 01.42; May, $1 46; July, $1.24%. Cosm — Cash, 60061 c. ORts—Cash. 41%043%CRye—Cash, 97g. Barley—Cash, 69c.

PRIMARY MARKETS. (By Thomson & McKinnon) —Feb. 17. —Receiots — - Wheat Corn Oata St. Joseph . 56000 50.000 Chicago 42.000 1.248,000 264,000 Milwaukee .. 6.000 97. (W) 55.000 Minneapolis . 215.000 159.000 116.000 Duluth 17,000 21.000 36.000 St. luls .. 55,000 135.000 78.000 Toledo 14.000 19,000 4,000 Detroit 7.000 7,000 Kansas City . 419.000 114.000 24.000 Peoria 7,000 100.000 34.000 Omaha ' 72.000 207.000 40.000 i Indianapolis . 2.000 188.000 26,000 Totals 992.000 2.405.000 677W*00 Year ago... 823,000 767.000 451,000 —Shipments— Wheat Corn Oats St. Joseph .. 4.000 28.000 Chicago 62,000 704,000 175.000 Milwaukee 45.000 56.000 Minneapolis . 105.000 35,000 80.000 St. Louis ... 53.000 73,000 40,000 Toledo 96,000 ' 6,000 17,000 Detroit! 8,000 Kansas City . 115.000 25,000 15.000 Peoria T 2.000 109.000 65,000 Omaha 54.000 116.000 4.000 .Indianapolis 41.000 14.0^0 Totals 491,000 1.190.000 480,000 Year ago... 477.000 563.000 348,000 —Clearances— Wheat Corn Oats Now York ... 148.000 Philadelphia .. 14.000 114,000 Baltimore ... 24,000 452.000 New Orleans 86.000 Newport News 291.000 Totals ..... 186.000 652.000 201,000 Year ago ... 40.000 360,000 INDIANAPOLIS CASH GRAIN. —Feb. 17Bids for car lots of grain and hay at the call of the Indianapolis Bonn of Trade were; IVheat—Steady: No. 2 red. $1.4201.44. Corn —Firm; No. 3 white, 50057 c; No. 4 white, 55055%c: No. 3 yellow, 56%0 57c; No. 4 yellow, 54%056c; No. 3 mixed, 55%056%c; No. 4 mixed, 54%@55<\ Oats—Steady; No. 2 white, 40042 c; No. 3 white, 38039 c. Hay—Weak; No. 1 timothy. $17017.50; No. 2 timothy, $16.50017; No. 1 light i clover mixed, $16016.50; No. 1 clover, I $18.50019.50. —lnspections Wheat—No. 2 red, 1 car; No. 3 red, 3 i cars; total, 4 cars. I Corn —No. 3 white, 8 cars; No. 4 white. 15 cars; No. 5 white, 14 cars; No. 6 white, 2 cars; No. 2 yellow, 1 car; No. 3 yellow, 3 cars; No. 4 yellow, IS cars; No. 5 yellow, 19 cars; No. 6 yellow, 16 cars; sample yellow, 1 car; No. 3 mixed, 3 cars; No. 4 mixed, 2 cars; No. 5 mixed, 3 curs; No. 6 mixed, 1 car;, sample mixed, 1 car; total, 107 cars. Oats—No. 1 white, 1 car: No. 2 white, 3 cars; No. 3 white, 15 cars; No. 4 white, 6 ears; No. 3 mixed, 1 car; total, 26 cars. Uye—No. 2, 2 cars. HAY MARKET. The following are the Indianapolis firicea for hay by the wag no load, deivered: Huy-Loose timothy, $16,00017; mixed hay, $15016; baled hay, $l7OlB. Oats —New. per bushel, 35038 c. Corn —New, per bushel. 45060 c. Corn —Old, per bushel. 45050 c. WAGON WHEAT PRICES. Indianapolis flour mills aud elevators today were paying $1.20 per bushel for No. 1 red winter wheat; sl.lß for No. 2 red winter and according to test for No. 8 red winter. Osfts were quoted at 27c per bushel for No. 3 white or better. TOLEDO SEED PRICES. TOLEDO. Feb. 17.—Clover seed—Ca#ll and February, $15.70 bid; March, $15.70/ bid: April. $14.90. October. $12.25. Alsike—Cash and February, $12.25; March, $12.60. Timothy—Cash and February, $5.15; May, $3 30; September, $3.45. Directors of Jones Tea declared the regular quarterly dividend of 1% per cent on the preferred stock. No action was taken on the common. January sab's were reported, as $1,394,352. a dSL- of $22,767 from those of January, lyJ',. j

FOREIGN STOCK MARKET TONE SOME BETTER Dollar Rails Receed, but Continentals and Foreigns Were Strong. * MONEY MART IMPROVES LONDON, Feb. 18. —Yesterday's stock market transactions again showed a better tone in the gilt-edged aud rail issues, lut business as a whole displayed no tendency to broaden. Speculative issues were neglected and inclined to sag in consequence. ifi the gilt-edged market British securities were the subject of excited dealings and quotations. In the foreign bond market business was good, but movements mostly were in Central and South American issues. Home rails responded strongly to surrounding influences and showed several advances. Dollar rails receded, but Continental and other foreign rails were on th upgrade. Industrials kept quiet, iron, steel and engineering being neglected. Oil shares were subject to profit taking, causing some recessions in quotations. Mexican Eagles were 4%, Shells 417-32, Royal Dutch 34%. African minings were inclined to harden on receipt of news that work was being resumed. American eised somewhat from recent high prices. Loanable credit found a better market in Lombard street, the cheapest rate for overnight accommodation being 2 per cent, day-to-day money, 2% per cent, and fixtures 3 per cent. Bar silver was firmer at 34%d and 33%d for spot and forward. —Copyright, 1922, by Public Ledger Company.

Weather

The following table shows the state of the weather at 7 a. m„ Feb. IS, as observed by United States Weather Bureaus : Station. Bar. Temp. Weather. Indlaaiapolia, Ind.. 30 OS 40 Cloudy Atlanta, Ga 30 44 30 Cloudy Amarillo, Texas... 29 94 40 Clear Bismarck, N. D 29 98 4 Cloudv Boston, Mass 30 54 6 PtCldy Chicago, IR 28 90 36 Cloudy Cincinnati, 0hi0... 50.16 38 Cloudy Cleveland, Ohio.*.. 30.06 36 Cloudy Denver, Colo 29 94 32 Clear Dodge City, Kan.. 29.98 34 Clear Helena, M0nt....... 29.60 Cloudy Jacksonville, Fla... 30.34 54 Clear Kansas City, Mo.. 29 92 49 PtCldy Louisville, Ky 30.16 42 Cloudy TTittie Bock, Ark... 30.02 52 PtCldy Los Angeles, Cal.. 30.12 52 Cloudv Mobile. Ala 30.28 48 Cloudy New Orleans, La.. 30.24 54 Cloudy New York, N. Y 30.52 20 Cloudy Norfolk, Ya 30 56 24 PtCldv Oklahoma City 29.80 46 Clear' Omaha. Neb 29.92 32 PtCldv Philadelphia, Pa... 30.52 20 Cloudy Pittsburgh. Pa'. ...30.18 38 Cloudv Portland. Or© 29.82 40 PtCldv Rapid City, S. D... 29.86 24 PtCldy Roseburg, Ore 29 92 38 ' PtCldy Saa Antonio, Texas 30.02 *SB Cloudy S.n Francisco, Cal. 30.10 52 Cloudy t‘* Louis, Mo 29.96 42 Cloudv Si Paul, Minn..... 3002 10 Clear Tf.mpa, Fla 30.3 Y . 56 Cloudy Y. ashington, D. C. 30.44 20 Ooudy WEATHER CONDITIONS. The depression center which was over Manitoba Friday morning has swung eastward to the Great Lake*, and has caused considerably higher temperatures In Its front In eastern and sonthsrn sections. while the readings have fallen somewhat to the westward over tire northern plains States and upper Mississippi Valley. Cloudy and unsettled weather prevails over the region from the Great Lakes to the Gulf of Mexico, although little precipitation hoe occurred over" that area. However, rains have continued in the middle and northern Pacific region. 3. H. ARMIXGTOX, Meteorologist, Weather Bureau. INDLVNAPOLIS PRODUCE. Eggs—Loss off. 30c. Butter —Packing stock, 14c. Poultry—Fowls. 16023 c; springs, 20@22e; cocks. 13014 c: stags, 13014 c; capons, 7 lbs and up, 30c: capons. under 7 lbs, 26c; capon slips. 7 lbs and up. 30c: capon slips, under 7 lbs. 26c; young hen turks, 8 lbs and up, 35040 c; young tom turks, 12 ibs and up. 35@40c; old tom turks, 30033 c: cull thin turkeys not wanted ; ducks, 4 lbs and up. 16019 c; geese. 10 lbs and up. 14c; squabs. II lbs doz. $5; young guineas. 2-lb size, per doz, $707.50; old guineas, per doa, $3 Butter—Local dealers are paying 270 3Sc per lb for butter, delivered in Indianapolis. Butter Fat—Local dealers are paying 36c per lb for butter fat, delivered in Indianapolis.

RECEIVER’S . -SALE--99 YEAR LEASE The undersigned Receiver, by order of the Marion County Superior Court, Room 3. offers to the highest and best bidder for cash or its equivalent a 99vear lease on property known as 128 to 134 (inclusive) West Washington Street being 58% feet frontage on Washington street by 195 feet deep. Lease dated October 31, 1916. Rental per year—7 years, $9,300 —lO years, *IO,OOO —lO ydars, $ll,OO0 —72 years, $12,000. Sealed bids will be received at the office of the City Trust Company 10a. m.. February 27, 1922, corner Market and Delaware streets. Bids must ba accompanied by certified check for SI,OOO. DICK MILLER, Receiver Washington Hall Realty Company

- G—4 i noestmtnti The Melbourne Electric Supply Cos. 25 Year 7Vis Coupon Bonds. SSOO, SI,OOO Property in Melbourne, Australia, valued at $11.500.000, with funded debt of only $4,664,800, which is followed by stock with market value or $7,200,000. Earnings five times interest charges. Price: 101. Yield over 7.40% Fletcher American Company 2nd Ftcor Fietcftei Anifi can Sank Bid*. INDIANAPCLIS Chicago Detroit Lowtsvi?!* Ber*( Prtfit Wire tm Pttnci**

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