Indianapolis Times, Volume 34, Number 247, Indianapolis, Marion County, 24 February 1922 — Page 16

16

STOCK MARKET CLOSES STRONG Recessions Occur in Many Stocks During Final Hour. NEW YORK, Feb. 24.—The stock mar- ! ket closed strong today. The market continued to show a strong tone in the late dealings, although there were many recessions from the high! levels; The steel stocks continued in supply, j Crucible Steel falling over 4 points to , 56%, while Republic Steel showed a loss ! of over 5 points at 47%. California Petroleum was a strong sea- | ture, advancing over 2 points to 52% and , Sinclair gained over 1 point at 20%. The railroad shares reacted fractionally from the high levels. Government bonds were unchanged and railway and other bonds strong. (By Thomson & McKinnon.) The trading today was mixed. There was a noticeable absence of coin mission house orders in the market with the start of ttie session, and many of j the local element were inclined to work j for a reaction and sold industrial stocks rather freely. At the same time a renewed buying movement appeared in the rails. A considerable variety of these Issues was in demand. Rock Island being the most conspicuous in the list at.d displaying marks of leadership. A few of the oils were also favored, particularly Pacific Oil. an issue that has bene rather quiet recently, but possessing sufficient merit to warrant the expectation of greater activity in the future. Among the stocks that were distinctly weak may be mentioned Republic Iron r.nd Steel, due to the passing of the preferred dividend of Crucible and Retail Stores. In this last named issue the liquidation was a renewal of the selling that has been noticeable since stockholders have had an opportunity lo analyze the recent statements issued, which casts doubt upon the ability of the company to maintain the existing dividend rate. During the afternoon mat y of the industrials displayed considerable strength, Studebaker anil Chandler Motors being conspicuous in the list. We anticipate a continuation of the rise in Rails, due to their decided improvement in business. Industrials have had a substantial advance and we need a resting period and a fair reaction. TWENTY STOCKS AVERAGE. NEW YORK, Feb. 24.—Twenty industrial stocks Thursday averaged 85.35, down .V 43 per cent. Twenty active rails averaged 78.38, up .30 per cent. CLEARING HOUSE STATEMENT. NEW YORK, Feb. 24.—Exchanges, $774,400,000; balances, $73,000,000; Federal Reserve Bank credit balances, $47,700,000.

Money and Exchange

Indianapolis bank clearings Friday , were $3,301,000; bank debits, $0,625,000. NEW YORK. Feb. 24—The foreign ex- i change market opened easier today, with demand .Sterling l%e lower at $4.40%. Francs yielded 8% centimes to 9.07 c for cables and !).00%c for checks. Lires were unchanged at 5.08 c for cables and 5.07%c for checks. Belgian francs were off 5 ■ centimes at S.o4c for cables and 8.63%c for checks. Marks were % of a point lower at .0045ftc. Guilder cables were; 38.33; checks. 3S.2Sc. Sweden kronen j cables were 20.54 c; checks, 20.49 c. NEW YORK ( ALL MARKET. NEW YORK, Feb. 24. —Money—Call money ruled 5%. peg cent; high, 5% per cent; low, 5 percent. Time rates, steadv; ail 4% to 5 per cent. Time mercantile paper steady. Sterling exchange was steady Nvith business in bankers’ bills at $4.39% for demand. MOTOR SECURITIES. (By Thomson & McKinnon.) —Feb. 24. —Close— Bid Ask. Earl Motors 2%_. 3_ Packard Com 5% 5% Packard pfd 04 00 Peerless 35 36 Continental Motors com 5% s?i Continental Motors pfd So 90 Hupp com 14 14% Hupp pfd 90 •-••• lieo Motor Car IS% 19 Elgin Motors 2 3 Ford of Canada 295 300 National Motors 1% 2% Federal Truck 14 10 Paige Motors 13 14 Republic Truck 4% 5 ACTIVE OIL STOCKS. (By Thomson & McKinnon.) —Opening— Bid Ask Anglo-American Oil 17% I>S% Atlantic Lobos 8% < 0 Borue-Scrymser 320 340 Buckeye Pipe Li’’e 92 94 Chesebrough Mfg. Cons 185 190 Continental Oil, Colo 128 132 Cosden Oil aud Gas 5 8 Crescent Pipe Line 33 85 Cumberland Pipe Line 135 145 Elk Basin Pete 0 0% Eureka Pipe Line 95 98 Galena-Signal Gil, Pref ICS 113 Galena-Signal Oil, Com 51 54 Illinois Pipe Line 173 170 Indiana Pipe Line 93 90 Merritt Oil 8% 8% Midwest Oil 2% Midwest Rt’g 170 170 National Transit 28% 29% New York Transit L>s 160 Northern Pipe Line 103 100 Ohio Oil 202 272 Oklahoma P. & R o% °ft Penn.-Mex 22 _24 Prairie Oil and Gas 5155 545 Prairie Pipe Line 24:! , Sapulpa Refg _-/s •; Solar Refining Southern Pipe Line 92 94 South Penn Oil 105 175 Southwest Penn Pipe Lines.. 59 02 Standard Oil Cos. of Ind 80% 80% Standard Oil Cos. of Kan 550 000 Standard Oil Cos. of Ky 450 475 Sttndard Oil Cos. of Neb 105 175 Standard Oil Cos. of N. Y. .. 300 305 Standard Oil Cos. of Ohio ....385 395 Swan A. Finch 30 3n Vacuum Oil 330 340 Washington Oil 30 34 NEW YORK CURB MARKET. (By Thomson & McKinnon) —Feb. 24 Closing Bid. Ask. Acme Packing 25 30 Curtis Aero com 4% a Curtis Aero pfd 2% Goldfield Con 4 5 Jumbo Extension 2 4_ International Petroleum. 14% 14% Nipissing 6 0% Standard Motors 3% 4% Salt CreCk 18% 13% Tonopah Extension 1% 1% Fnited P S now 1% 113-16 F. S Light A- Heat 77 85 F S. Light & Ileat pfd.. 95 100 ft Wright-Martin 2 5 Yukon Gold Mine C 0.... 1% Hi Jerome 35_ 40 Vow Cornelia 17% 18 eqnoyaii ..1 19 omar Oil 72 74 Republic Tire 40 45 Kirby Oil 20 26% Boston & Mont 42 44 NEW YORK SUGARS. NEW YORK, Feb. 24.—Raw sugar values were easy on the exchange here today. Colas "ere quoted at 3.70 e per pound, duty paid, and Porto Ricos at the same price, duty free, delivered. Refined sugars were quiet and about steady. >ic granulated was quoted at 5:10c per pound and No. 1 soft at 5®5.10c. NEW YORK COFFEE. NEW YORK, Feb. 24.—Coffee values were easy in trade on the exchange here today, opening options being 3 to 5 points lower. Rio No. 7 on spot sold at 9®9%c per pornd. NEW YORK RICE. NEW YORK, Feb. 24. —Rice values were firm on the market here today, domestic being quoted at 3%@7%c per lb. NEW YORK METAL MARKET. NEW YORK. Fell. 24.—Copper—Weak: : M positions offered 12%e. Lead—ui -t: all positions offered 4%c. Spelter— Oaiet; spot and February offered 4.52%0; March offered 4.55 c. NEW YORK TURPENTINE. NEW YORK. Feb. 24.—Turpentine sold at 89%c per gallon on the market Fere today, being about %c lower.

N. Y. Stock Exchange

(By Thomson & McKinnon.) —Feb. 24 Prev. High. Low. Close. Close. Ad. Rum. com.. 14% 14% 14% 14% Ajax Rubber .. 15% 15 15 15% Allied Client. .. 58 57% 57% 58 Allis Chalmers. 44% 44% 44% 44% 1 Am. Beet Sugar 37 37 37 37% Am. Bosch M. . 39% 39 39 39% Am. Can 40% 40% 40% 40% Am. Car. & F. .150% 149% 150% 1.50 Am. Ice 99% 68% 99% 99 Am. Hide & L. . 68 07 07 68 Ant. Inter. Corp. 44% 44 44% 44% Am. HO 106% 109% 100% j Am. Steel F. .. 32% 32 82 34 Am. Smelt. &K. 40% 40% 40% 40% Am. Sugar Ref. OS 00% 60% 07% j Am. S. Tob. Cos. 20% 25% 25% 25% J Am. Tel. & Tel.. 119% 119% 119% 119% I Am. Tobacco ..140% 139 139% 140% Am. W001en.... 86% 85% Anaconda 48% 48% 48% 48% Atchison 98% 90% 97% 97% Atl. Coast Line.. 88% 88% SB% .... Atl. Gif. &W. I. 20% 20% 20% 20% Baldwin Loco.. .108% 1( 6% 107% 100% B. A 0 31 % 30%. 374* 30% Beth. Steel (B) 64%. 63% 63% 64% Brok. Rap. Tran 10% 19% 10% 10% California Pete.. 53 49% 52% 49% Can. l’ac. Ky.,.139% 137% 136% 130% Central Leather. 33% 33% 33% 33% Chandler Motor. 09% 60% 08% 00% C. A 0 60% 59% 59% 59% CMA St P com. 23% 2242 23% 22% OMASt 1’ pfd. 37% 35% 374s 30% Chicago A Nw.. 69% 68% 68% 08% C, R. I. A P... 42% 39% 41% 40 CRIAI’O pc pf 80 78% 79% 78% CRIA P 7 pc pf. 92% 91% 9244 90% Chili Copper.... 10% 16% 10V* 10% Cluett A P 55 55 55 55 Chino Copper .. 25% 254i 25% 44% C. C. C. St. L... 50% 504-t 50% ( oca Cola 45% 44% 45% 44% Col. Fuel Iron.. 25% 25% 25% 274Cons. Gas 9444 93% 93% 93% Con. Can 55% 55% 55% 36% Corn Prod. ... 103% 102 102% 102% Crucible Stl 00% 55% 56% 00% Cuban Am. Sug. 19 Vs 19% 19% 19% Cuban Cane 104* 10 104s 10 Del. A 11nd... 11l 111 111 112% Del. A Lack. ...110 112% 114 113% Dome Mines.... 25 24% 24% 21% Erie 10% 104* 10% 10% Erie Ist pfd.... 1844 18 1844 18% Endicott and J.. 81% Bl_ 81% 80% Famous Plovers 82 soft >l% 80% Gen. Asphalt .. 63% 6244 62% 63 Gen. Cigars 08 68 68 69 Gen. Electric... .152% 10244 152% 153%' Gen. Motors .. 8% 8% 8% 8% Goodrich 38 37 % 37% 38% Gt. North, pfd.. 70% 70 76 75% Gt. North. Ore.. 33*4 3544 5544 33% Gulf S. Steel.... 72 6844 70 71% Hupp 14% 14% 14% 14ft Houston 0i1..... 77 75% 78% 76 Illinois Central 99% 97% 99% 98% lndiahoma 4 3% 4 3% Inspiration Cop. 38 37 % 37% 3844 In. Harvester... 9144 01 01 92 Inter. Nickel ... 12 lift 12 12 Inter. Paper 50 49% 49ft 50 Invincible Oil.. 15% 14ft 15% 14% Kan. City. Sou. 25% 2544 2544 25 Kelly-Sp. Tire.. 40ft 39% 39ft 40% Kennecott Cop.. 27% 274s 2744 2744 Lackawanna S.. 4644 40 46 47 Lee Tire A Rub. 25% 28 28 28% Lehigh Valley . 01% 00ft 60ft 61 Loew's, Inc. ... 13% 1344 1344 13% L. and N 113 113 113 113 Marine com. .. 15 15 15 15% Marine pfd. ... 71% 70ft 71 7144 May Stores 110% 108 11044 108 Maryland Oil .. 20% 20% 20% 2044 Mex. Pet 123% 121% 122% 121% Miami Copper .. 20ft 20% 26ft 20(4 Mid States Oil . 13% 13 134s 1344 Midvale Steel .. 31 3044 30% 30% Mo.-Pac. Ky. .. 20 19% 20 19% Mo.-I’ac. Ky, pf. 51% 50% 51 51% Mont, and Ward 15ft 15% 15 11% National Lead .. 89 89 89 89% Xev. Con, Cop. . 13ft 1344 13% 13ft N. Y. Air Brake 6044 60 00 00 X. Y. Central.. .78% 77 44 77 % 7744 New Haven ... 18 17% 174a 17% Norfolk A We ~101% 100% 101 100% North. Pac. ... 81% SO 80 80% O. P. A R. Cos. 2% 2% 2% 24j Owen R. com.. 29% 29 29% 29 Pacific Oil 45% 47% 47% 47% Pan. Am. I*. ... 55% 54% 55 54% I’enna. Ky 35 34 % 43ft 34% People's Gas ... 75% 75 75% 75 I’. Marquette . 25% 24ft 25% 24% Pierce-Arrow .. 10ft 16 18 16 Pierce Oil Cos. . 8% 7ft 844 7% Pull. Pal. Car.. 115% 115 115% 114 ft Pure Oil 35% 34ft 35% 35 Ky. S. Springs .97 96 % 90% 98% Reading 75ft 74% 75% 74ft Rep. Iron &S.. 51 46 47% 52 Rep. Steel 31% 30% 304s 31 It. D. of X. Y. 52ft 52% 52% 5244 Soars-Roebuck . 69% 67% 68% 67 % Sinclair 21 10% 20ft 19ft Sloss-Sheffield.. 39ft as 38 Southern Pac... 80ft 8544 80 85% Sou. Ky 21% 20% 20% 20% STL A SW lty. 28 27% 27ft 27% Stand. Oil Cal.. 90 95% 95ft 95ft Stand. Oil N. J.. 178% 178 178% 178 STLASF. com.. 28% 27 27% 2747 Stew. A Warner 33% 33% 353% 33ft Stromberg 40% 4040 40% Studebaker 100% 97% 99% 98% Tex. Gas A Sul. 43% 43ft 43% 43ft Tex. Coal & Oil 27% 26% 27 20 Texas Cos '’s4, 45% 45% 45% Texas A Pac. . 31% 30% 30% 30 Tob. Prud 63 61% 62% 03 Trans. Oil 10 9% 10 9ft Union Oil 18% 17ft 18 17ft Union Pacific... 134% 133% 134% 133% United Drug.... 67 60% 07 67ft United Fruit... 143% 142 ft 142 ft 142 T\ S. Rt. Stores 51st 47% 48 52% U. S. C. I. Pipe. 26% 25% 25% 25% U. S. In. A leoh. 45% 44% 44% 45 U. S. Rubber... 55% 54% 55% 55 U. S. Steel 95% 94% 94 ft 94% U. S. Steel pfd.116% 116% 116% 116 Ulah Copper.... 61% 61% 61% 61st Vanadium Steel 37% 36 36 36% Wabash ....... 7ft 7% 7% 7% Wab. Ist pfd... 23ft 22% 23% 22ft Wilson A C 0... 41 41 41 41% West. Electric.. 56 55% 55 55% White Motors.. 38% 38% 38% 38% Willys Overland 549 5 5 5% White Oil 9% 9% 9% 9% *Kx-dividend.

NEW YORK LIBERTY BONDS. —Feb. 24 Prev. High. Lew. Close. Close. L. B. 3Vis 97.92 90 90 96.98 96.90 L. B. 2d 4s 90.01 96 60 L. B. Ist 4%5... 97.10 97.10 97.10 97.08 L. B. 2d 4 % 5... 96.86 96 78 98.80 96.78 L. B. 3d 4V4.... 97.46 97.34 97.40 97.40 L. B. 4th 4%5... 97.10 97.00 97.10 97.20 Victory 3%s 100.00 100.00 Victory 4%s 100.28 100.20 100.28 100.20 CHICAGO STOCKS. (By Thomson & McKinnon.) —Feb. 24. Open High Low Close Chi. City Ttys.. 7 7Ms 7 7% Chi. Ei. ltys... 3Vs Cudahy GO Com. Edison.. .118 Con. Motors 5Vi Deere Ac Cos. pfd. 67 Earl Motors .... 2% Libby-McNeil.. 5% 3% 5% 5% Mont. Ward .... 15V* 15(4 15 15 Nat. Lea 2% Do new 10Vi 10% 10Vi 10% Polk &Cos 23V. 23(5 23 23V. Piggly Wiggly. 36Vi 37 36% 36% Stewart-Warner. 33% 337s 33% 33% Swift & Cos 108 108 107% 107 vs Swift Inti 23 Thompson .T. It. 42% 42% 42% 42% Union Carbide.. 50% 50% 50*5 50*i Wahl 65% .. | Yciloy Taxi.... 67 67% 67 67% | *Ex.-iliv. 50c. NEW YORK PETROLEUM. : NEW YORK, Feb. 24.—Petroleum prices were firm in trade in the market : here today, I'ennsylvania crude petroleum 1 maintaining its long-standing price of $3.25 per barrel. NEW YORK HIDES. NEW YORK, Feb. 24.—Hides were quiet in trade on the market here today, native steer hides being quoted at 15Viper pound ad branded steer hides at 11 (i® 15c. NEW YORK WOOL. NEW YORK. Fell. 24.—W0-1 prices were firm in trade on the market bnv tn- | day. prices of the past two weeks prevailing. INDIANAPOLIS PRODUCE. Eggs—Loss off. 23@24c. Butter- Packing stock, 13c. Poultry—Fowls, 17@22c; springs, 20@22c: cocks, 13® 14c: stags, 13® 14c; capons, 7 lbs and up, 30c; capons, under 7 lbs. 2<3c; capon slips, 7 tbs and up, 2Gc; capon slips, under V lbs, 21@25c; young hen turks, 8 lbs and up. 35@40e; young tom turks. 12 lbs and up. 35®40c; old tom turks, 30®,33c cull thin turkeys not wanted; ducks. 4 I ibs and up, 16®18c; geese, 10 lbs r.nd no. 14c; squabs. 11 lbs dor. $5: young guin i eas, 2-lb size, per doz, [email protected]; o;d i guineas, per doz. $3. I Butter —Local dealery are paying 37® 13Rc per lb. for butter, delivered in InIdianapoiis Butter Fat—Local dealers are paying 36c per lb. for butter fat, delivered in Indianapolis.

TRADE IN GRAINS ! FAIRLY ACTIVE Cold Weather Over Southwest Causes Apprehension. CHICAGO, Fob. 24.—Grain prices were irregular in trade on the Chicago Board of Trade today. Trade was moderately Cold weather prevailed over the southwest and caused some apprehension, as vinter wheat is not covered with snow. There was some selling of corn by commission houses. Trade in oats was slow and featureless. Provisions were irregul ir. May wheat opened off %e i: $144 and closed up ftc. July wheat opened up 44c at $1.25%, closing off %c May corn opened unchanged at 65c, closing up 144 c. July corn opened unchanged at 67%c and closed up lc. May oats opened at 41%C, off 1 and closed off %c. July oats opened off 44c at 43c and closed unchanged. Total sales of stocks for the day were 570,000 shares; bonds, $14,391,000. (By Thomson A McKinnon.) —Feb. 21Wheat —Some indications of easiness in Liverpool, coupled with the heavy cash situation here at home, changed sentiment considerably in the early part of (he day. Reports of export business especially small quantities of gulf wheat, revived the belief that the entire situation is a world's affair and that localized conditions will be of temporary effect only. The gulf business Is estimated at 200,000 bushels and United Kingdom is said to have taken 500,0' 0 Manitoba, further than this, export bids for durum wheat were in the Northwestern markets. The principal Canadian market ruled relatively weak early, but recovered and finished at its former difference, namely 2 cents under Chicago. If it develops as now believed that importing countries will need the entire surplus of exporting countries, it follows that the new crop will be in, good demand at its first movement- Reports from tlie Southwest are more favorable since the recent rains, but there is still prospect of considerable abandonment of acerage. On tills point we mention that area of winter , sown wheat in some European countries is smaller than last year because of drought conditions. Because of the great discount for hard wheat at southwestern ‘ markets and because of the slow milling demand we probably will not make response to the foreign demand. 1% other words, buyers should be careful in selecting opportunities for entering the market. \ Corn and Oats—Some of the leading cash handlers withdrew from the cash corn market either because of scarcity of elevator room or because of a slowing in the foreign demand. This fact, together with the continued liberal primary receipts, took the edge off the corn market early, but there was at no time any Important selling. Values were ■ quickly sympathetic with the advance in ' wheat, suggesting that there tire many who still believe that this grain has underlying merit. There is no such faith expressed in the oats market, sentiment being affected by the poor cash demand for the present enormous elevator accumulations. Recent rains in the Southwest. especially Texas, permit spring work and seeding of oats. This market may sympathize moderately with other grains, but is in need of an individual incentive. . Pro visions—Sentiment in the provision list is more divided than formerlly, solely because of any weakening in the hogs situation. There is no evidence of any important increase la the hog movement.

CHICAGO GRAIN TABLE. —Feb. 24 WHEAT— Open. High. Low. Close. May.... 1.44 1.44 ft 1.41% 144 ft July.... 1.25% 1.25% 1.2244 1.24% CORN— May.... .05 .6644 .64% .6*5% July 07% .68% .06% .08% OATB—July 43 .43% .42 .43 Pi IRK— Mav.... 20.25 20.25 20.00 20.25 LARD— Mav.... 11.72 11.77 11.07 11-17 July.... 11.92 11.92 11.87 11.92 RIBS— _ May 11.20 11.20 11.12 11.20 July 10.90 10.90 10.85 10.90 RYE— May 1.07% 1.07% 1.054? 1.07-hs July 98 .98 .90% .98 CHICAGO CASH GRAIN. CHICAGO, Feb. 24.—Wheat—No. 2 red. $1.38; No. 4 red. $136; No. 2 hard winter, $1.37%; No. 2 hard yellow, $1.37 ; No. 3 northern spring, dark, $1.37; No. 4 northern spring, dark. $1.33. Corn—No. 2 mixed, SSftAl.wftc; No. 2 white, sSft® 59%e: No. 2 yellow, 59®60c; No. 3 mixed. 57®58c; No. 3 white, 57%<U5Sc; No. 3 yellow, 57 %® 58c; No. 4 mixed, 55ft(?f5flc; No. 4 w hite, 55ft tit 56' jc ; No. 4 yellow, 55%®50%c. Oats—No. 2 white. 39®41c: No. 3 white, 34ft®30%c; No. 4 white, 32ft@33ftc. TOLEDO GRAIN PRICES. TOLEDO, Feb. 24.—Wheat—Cash, $1.43 ®1.45; May, $1514a: July, $1.284. Corn —Cash, 031(464c. Oats—Cash, 42®44c. Rye —Cash, $1.02. Barley—Cash, OSe. PRIMARY MARKETS. (By Thomson A McKinnon) —Feb. 24 Receipts— Wheat- Corn. Oats. St. Joseph 16,000 34.090 Chicago 113,000 1,426,000 292.000 Milwaukee ... 3.000 133,000 89,000 Minneapolis . 43,000 30,000 14.000 Duluth 8.000 51.000 St. Louis 139,000 138,000 86.000 Toledo 29,(00 31,000 29.000 Detroit 4.000 1 4.000 10,000 Kansas City.. 239,000 145,000 24,000 Peoria 6.000 104.0(H) 49000 Omaha 55,000 83.000 24,<K>0 Indianapolis... 30.000 279,00 106,000 Totals 091,000 2,471.000 723,000 Year ago... 747.000 1,607,0 X) 499,000 Shipments— Wheat. Corn. Oats. St Joseph.... 14.000 21,000 Chicago 68,000 630,000 226,000 Milwaukee ... 1,000 109,000 39,000 Minneapolis . 65,000 48,000 79,000 St. Louis 97.000 94.0(H) 62,000 Toledo 22,000 18,000 8,000 Detri.'t 2,000 8.000 Kansas City.. 200.000 28,000 22.000 j-eor'a 8,000 08.000 47,000 Omaha 37,000 102,000 32.000 Imiiauapolls (25,000 30,000 Totals 520.000 1,249,000 545.000 Year ago... 500.000 900,000 502,000 —Clearances — Wheat. Corn. Oats. New York.... ....... 266,00(1 it),OX) Boston 281 .(DO Philadelphia . 16,000 77.000 Baltimore 339.000 New Orleans. 30,000 140,000 Totals ... 427.000 828,000 70,000 Year ago... 510,000 352,000 INDIANAPOLIS C\SIl GRAIN. —Feb. 24 Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—No sales. Corn —Firm: No. 3 white, 57%®00%c: No. 4 white. 58%®39%e; No. 3 yellow. 59%tffC0%c: No. 4 yellow. 55®59%c: No. 3 mixed, *59%@00%e; No. 4 mixed, 58%@ 59'Ac. Oats—Easier: No. 2 white, 40%@42%e; No. 3 white. 38%®30%c. Hay—Weak . No. 1 timothy. sl7ftl7 50: No. 2 timothy, $16.50(it 17.50: No. 2 timothy. $16.50@17; No. 1 light clover mixed, slo@l6 50; No. 1 clover, [email protected]. —lnspections—• Wheat—No. 3 red. 2 cars; No. 5 mixed, 1 car: total. 3 cars. > Corn—No. 3 white, 17 cars: No. 4 white, K* cars: No. 5 white, 10 cars; No. 6 white. 3 cars: sample white, 1 car; No. 2 yellow, 1 car: No. 3 yellow, 10 cars: No. 4 yellow. 9 cars; No. 5 yellow. 11 cars: No. 6 yellow, 8 cars: No. 2 mixed, 2 cars: No 4 mixed, 2 cars; No. 5 mixed, 4 ears; total, 88 cars. Oats —No. 2 white, 2 ears; No. 3 white, 17 cars; No. 4 white. 10 cars; No. 2 mixed, 1 car; total, 30 cars. Rye—No. 2, 1 car. WAGON WHEAT PRICES, Indianapolis flour mills and elevators today were paying $1.30 per bushel for No. 1 red winter wheat; $1.28 for No. 2 red winter and according to test for No. 3 red winter. Oats were quoted at 27c per bushel for No. 3 white or better. TOLEDO .SEED PRICES. TOLEDO. Feb. 24.—Cloverseed. Cash, $15.95; February, $15.95: March $15.90; April, $14.85; October. $12.35. Cash, $12.00; February, $12.60; March, $12.(55. Timothy—Cash, $3.17; February, $3.17%; March, $3.20; May, $3.30; September, $3.15.

INDIANA DAILY TIMES, FRIDAY, FEBRUARY 24,1922.

New York Bonds

I (By Fletcher American Company.) —Feb. 24. FOREIGN GOVERNMENT BONDS. Bid Ask Arg. (Unlisted) Os Sept. 1, '45 7*% 76 Arg. Vs Oct., 23 98' /4 98% Belgian 6s dan. 1, ’25 102 102 ‘.c Belgian 7%s June 1, ’-*3 10i% 108 i Belgian 8s Feb. 1, ’4l IUY 107% 1 Berne 8s Nov. 1, 45 110% lid vs I Brazil 8s dune 1, ’4i ko3vj 104 | Chile 8s Oi l. 1, ’26 loO.s I(H)ft 1 Chile 8S Feb. 1, 41 104 104% Chile 8s Nov. 1, ’46 101% 101% i Christiania 8s Oct. 1, -lo 108% 109% i Copennageu 3%s July 1, '44.. 89% 90 j Danish -uuu 8s Feb. 1, 46....10i% IoS Denmark 6s Oct. 15, 45 108% 108 ft ‘Canadian u%s Dec. 1, '22.... Ui 98 'Canadian 3%s Nov. 1, ’23.... 96ft 97ft •Canadian 5%-s Nov. 1, '24.... 96% oi, o 'Canadian 5s Dec. 1, 25 94ft 9oft Canadian ss,Apr. 1, '2O 9V-j s 98 Canadian 5%s Dec. 1, ’27 9i % 98% ! Canadian 5%s Aug. 1, '29.... 98% 99 Canadian 5s Apr. 1, 31 96% yOft ‘Canadian .5s Oct. 1, '3l 94% 95% Canadian 5%s Nov. 1, '33.... 99% 100% 'Canadian o%s Nov. 1, ’34.*.. 9uft 91% Canadian 5s -vlch. 1, ’37 96% 9<% 'Canadian 5%s Dec. 1, ’37....101% 102% 'French (Vita.) 5s Opt., ’31.. 67 69 •French 4s Opt., ’43........ 54% 50% trench 7%s June ’4l 90ft 00% French 6s Bept. 15, ’45 102% 103 •Italian (Wat) 5s 38 40 Jap (Ist) 4%s Feb. 15, ’2,> Ntft 90 Jap (2d) 4%s duly 10, ’25.... 88% 80% Jap 4s Jan. 1,"31 75-% V.j-% .Mexico 5s Jan., ’45 54 % 50% Mexico 4s Jan., 54 44 44% Norway bs Oct. 1. ’4O 109% Ho Queensland 7s Oct. 1, ’41... .107 % 108 ltio de Janeiro 8s Oct. 46....100% 100% Sao Paulo 8s Jan. 1, ’36....102 102% Swedish 6s June 15, ’39 98 98% Swiss 5%s Aug. 1, ’29 95% 98% Swiss 8s July 1, '4O 1X4% 115 U. K. 3%s Nov. 1, ’2 105% 106 U. K. 5%s Aug. 1, ’29 105% 106 U. K. 5%s Feb. 1, ’37 99% 100 Uruguay 8s Aug. I, ’46 105 105% Zurich 8s Oct. 10, ’45 lit) 111 Bergen 86 10!) 109% Argentine 4s A. A 0 59% ... Argentine 4s J. A J 50% ... Dutch E. Indies 6’%s 94% 94% Ontario 6s ’43 104 ft 103 ft i Seihe 7s 91 % 92 I 'lnternal loans. CORPORATION BONDS. Bid. Ask. Allied Packers Cs 68 70 Alum. Cos. of Am. 7s, Nov. ’25.101ft 101 ft Am. Cotton Oil 6s, Sept. 2, ’24 95% 95ft Amer. Tel. 6s, Oct. ’22 10>ft 100% Amor. Tel. os, Feb. ’24 100 ft luu% Am. Tel. A Tel 6s, ’25 112 112% Amer. Thread os, Dec. ’28...100% 160% Amer. Tob. 7s, Nov. ’22....101% 101% Ainer. Tob. 7s, Nov. ’23....102% 102% Anaconda 6s, Jan. ’29 95 % 98ft Anaconda 7s, Jan. ’29 102 102% Anglo-Aui. 7%s Apr. ’25 103 ft 104% Armour 7s, July 15, ’3O 103% I<\S% Atchison Gen. 4s 87% 87ft Atlantic Kef. C%s. Meh. ’31...104% 104 ft Bell Tel. of Can. 7s, Apr. ’25 100 ft 101% Bell of l’a. 7s 107 ft 108 Beth. Steel 7s, July 15, ’23....101% 101 ft Big Four Cs 97ft 97% Can. Noe. 6%s 108 -08% Can. Nor. 7s 109% 109% Can. Pac. 6s, Meh. 2, ’2l 100% lOOft Canadian Deb. 4s 77ft 78% C. B. y. Gen. 4s 86% 87‘a G. B. Q. ill. 3%s 79% 79ft C. If. Q. Neb. 4 S 93 95% C. B. y. Jt. 6%s 106% 100 ft C. It. A y. 5s 96% 96ft Cent. Arg. lty. 6s, Feb. ’27. 9>ft 91% Ferro de Pasco Bs, Jan. ’3l.ll<)ft 111% Chi. A N. IV. 6%s 106% 107 Chi A N. W. 7s 100 107 Cot. Graph. 8s 40% 42 Coc. Gaa 7s, Dec. *22 101% 101% Copper Exp. Bs, Fell. .13, ’23.101ft 102% Copper Exp. Bs, Fet). 15, ’24. PC ft 101% Copper Exp. Ss, Feb. 15, ’25.103% 104 Cuban Am. Sugar 8s 10.’.ft 104% Cudahy 7s. July 15, 23 lU>% 101 Diamond Match 107 107% Du Pont 7%s 103 ft 104% Fed. Sugar 6s, Nov. ’24 99 99ft Federal ss, ’4l 102 % 1113% Fisk Tire 8s 101% 102 ft Galena 7s, .......101% 101st Goodrich 7s, Apr. 25 07% 97% Goodyear Ist Bs, ‘4l 112% 112% Goodyear Deli. Bs, 31 97ft 98 Grand Trunk 6s 101’* loift Grand Trunk 6%* 108% 104% Grand Trunk 7s 106 ft 110 Great Northern 5%s 97 97% Great Northern 7s 107% 107'- ! Gulf Dll (is, July, 23 100% 100% | Gulf Oil 7s. Fell. ’33 103% 103% j Heinz 7s, Dec. ’3O 104% I(Mft ; Hocking Val. 6s, Meh. ’24... ’.isft 99% I Humble Oil 7s, Meh. 15, ’23...10t)% 101% ! 111. Central Ref. 4s ‘53 84 85 Int. R. T. Bs, Sept. '22 80 81 I Inter. Met. 4%s 16% 17 ' Interboro 5s 61% (Mft I K. C. Term 6s, Nov. 15, . .10 > 100% K. C. Pr. A Lt. 83 103 ft 104% 1 Kelly-Springfield h 103 103% ! Ivenn. Copper 7s, Feb. ’30.. 102 ft 102 ft L. A N. 7s. ’3O 106% 107 ! Laelede Gas 7s. Jnn. '29 95% 95ft j Libby-McNeil 7s, May, 31... 99% 99% I Mex. Pet. 8a 101% 101st M. St. P. A S. S. M. 6%s 101% 101 ■'ft j Morris 7%a 103% KM i Nat l Cloak A Suit 8 99ft 99ft Nat’l Leather Bs. Nov. 15, '25 97 98 1 N. Y‘. Central 7s, ’3O 105 105% N. Y. Tel ltef. 6s. '4l 102 ft ()5 N. Y. Edison 6%5, ’4l 106 100% Nor. Pac. I’. L. 4s 84 84% Nor. Pac. G. L. 3s 60% 61% Nor. £‘ae. Cs 106*.j 107 Northwestern Hell 7s 107 ft 107 ft Packard 8s 99 99% Pan Am. Pet. 7s ‘.soft 97 Penn. o%s 105% nut Penn. 7s , .106'ft 106 ft Philippine 5%5, ’4l 104% 105 Procter A G. 7s, Meh. ’22.. 99% 100% Proctor A G. 7s, Meh. ’23... 101% 101st It. .T. Reynolds 6s. Aug. ’22..100% 101 Sears-Itoebuck 7s, Oct. 15, ’22.100 100% Sears Rocliuck 7s, Oct. 15, ’23 99 99ft Sentoard Con. 6s 49% 50% Sinclair 7%5, May 15, ’23... 99ft 10ft Solvny A Cie Bs, Oct. ’27... 101 ft 102% Southern Rv. 6s. Meh. ’22... 99ft 100 ft S. \V. I’.ell Tel. 7s, Apr. ’23.101% 101st Stand Oil (Cal.> 7s. Jan. ’31.105% 105 ft S. Oil (N. Y.I 7s. Jan. ’25-’3I.KM 108% S. oil (X. Y.t 6%5, May, ’33.106% 106% St. L. A San. Fran. P. L 45... 68ft 69', St. L. A San Fran. Adj. 6s . . 76% 76ft St. P. U. D. 5%5, Dec. 15, "23 99ft 100 ft Steel A Tube 7s 98 98ft Southern Rv. 6%s 94% 9ift Swift 7s, Oct. 15, ’25 101% 101st Swift 7s, Aug. 15. ’3l 102 ft 103 ft Texas Cos. 7s. Meh. 1, ’23...101% 101% Tidewater Oil 6%s 102 102% Union Tank Car 7s 103 103% U. S. Rubber 7%s 103 ft 1004% Utah See. 6s. Sept. 15, ’22 98ft 99% Vacuum Oil 7s 107 1<)7% Va. Car. Chem. 7%s 91 91 ’5 Western El. 7s, Apr. *25... 103% 10:1ft Western Union 6%s 107% 10,8 Westlnphouse 7s. May, ’31... 105% 106 Wilson 7%s 96Vs 86% Winchester 7%s 96% 97%

In the Cotton Market

NEW YORK, Feb. 24.—Spot houses and trade interests were the best buyers of cotton at the opening today. First prices declined 4 to 9 points, nevertheless, because of Wall street and wire house selling and continuation of the local unloading, which was a feature ! near the close yesterday. I Only about seven notices were issued, j The market acted nearly steady after the call, with a tendency to improve a little from initial levels. New York opening cotton prices: prices: March, 18.15 c: July, 17.24 c; Sep tember, 10.77 c; October, 10.62 c; December offered 16.50 c. The market closed barely steady today at a net decline ot' 5 to 10 points. —Cotton Futures— Open High Low Close .Tanunrv 16.40 16.40 16.25 16.25 March 18.15 18.24 17.97 18.15 May 17 90 .17.95 17.67 17.90 July 17.21 1733 17.15 17.24 October 16.62 16.69 16.39 16.62 December 1(1.42 16.42 10.2.8 16.42 LIVERPOOL, Feb. 24.—Spot ro.ton opened in good demand today. Prices were ets’er, with sales around 8.000 bales. A-mri. an middlings, fair. 12.22d: good m* lugs, 1C.93d ; full middlings, 10.63d: mi,, in g, 10.28d; low middlings, 9.33d; gooi. ordinary, 8 08d: ordiuary, 7.22d. I'u.ures opened quiet. CHICAGO PRODUCE. CniCAGO, Feb. 24.—Butter Receipts, 4.000 tubs; creamery extras, 36c; firsts, 31®35c; packing stock, 15® 17c. Eggs— Receipts, 26,083 cases; current receipts, 25®26c: ordinary firsts, 23®24c; firsts. 27%c; checks, 22®23c; dirties, 23®210. Cheese —Twins, new, 20%c; daisies, 21% (n 22(40; young Americas. 21c; longhorns. 22%® —Vie: brick, 17@17*%e. Live roilitry—Turkeys, 35c; chickens, 27c; springs, 28c; roosters, 18c; geese. 18c; (lucks, 28c. Potatoes—Receipts, 45 cars; Wisconsin Round Whites, $1.80®2 per 150-lb bag; Colorado Browns, $2.00; Minnesota Whites, $1.75®,!.80.

SWINE VALUES SUSTAIN GAINS Packers Display Good Demands for All Grades Cattle. RANGE OF HOG PRICES. Good Good Good Feb Mixed. Heavy. Light. 1$ .310.15® 10.40 $9.75® 10.10 $10.40® 10.65 17. [email protected] [email protected] 10.40®10.66 I 18. 10.25® 10.50 [email protected] [email protected] j 20. 10.75 @ 11.00 [email protected] [email protected]| 21. 10.85 @ 11,00 [email protected] [email protected] 22. [email protected] [email protected] [email protected]! 23. 10.90@ 11.00 [email protected] [email protected] I 24. [email protected] 10.75@ 11.00 11.25@ 11.35 j With receipts for the day close to 5,5()0, the Uetpaml by both shippers aud puckers good aud stronger price tendencies shown elsewhere early, swine prices ruled 10 to 25c higher in trade on the local livestock market today. Trade was again of a very brisk nature and not much time was required for the sale of the light receipts. Local packers and shippers got their usual quotas of an active market. Light swine brought $11.25 generally, with a top of $11.35. Mixed and light mixed brought $11(011.15, mediums $10.90 @ll and heavies, $u).75@11. The sales for the day ranged at sll® li:is. Cattle trade was again of a very satisfactory nature as viewed from the sellers standpoint, with all the packers active and prices ruling strong to 10 to 25c higher iu spots. Prices were, however, generally steady to strong. Receipts for the day ran close to 800 > cattle. The good demand was not confined to j any one class of cattle, but bad all the | appearances of being of a very gone’.al nature. i There was a good demand for all grades of in Us at prices that were fully steady to strong, while cows nnd heifers were strong to 10 to 15 cents higher in spots. Steers, also, seemed to be needed by all tlie principal packers nnd there were j spots that looked as though they might | be 25 cents higher than the level of the values of that grade on the market j of tlie previous day. Calves were strong generally, with re-; eeipts uroun i 400, the quality fair aud j the demand good. j There was a top of $13.50 on choice ■ calves. This top was 50 cents above j that of the market of the day before, but i the prices averaged about steady. Sneep and iambs were steady, with the demand good and receipts approximately 100. HOGS. ! 100 to ISO lbs average [email protected] 1 Over 3UO lbs 10,6067,10.75 i 130 to 300 lbs 10 75® 11.33 . j Sows B.sof(jj 9 50 | 1 Rest pigs, under 140 lbs [email protected]' ! Bulk of sales [email protected], Top 11.33 —CattlePrime corn-fed steers, 1.200 to 1.800 lbs 7.50® 8.75 Good to choice steers, 1,200 to 1,300 His 7.00® 7.50 | Good to choice steers, 1,100 to 1,200 lbs 6.50@ 6.75 Good to choice steers, 1,000 to 1,100 lbs 6 25® 650 Common to medium steers, 800 to 1.000 lbs 5.50® 6.25 j Cows and Heifers— Good to choice heifers 7.00® 8.00 1 Medium heifers 7.75® 8.00 1 Common to medium heifers.. 5.00® 6.00 Good to choice cows 4.00® 8.00! Fair to medium cows 2.50® 4 00 | Cutters 3.00® 4.75 Fanners 3.00® 4.00 —Bulls — Good to choice butcher bulls. 4.30® 575 Bologna bulls 4.tH)@ 4.50 j Light bologna Dulls 325(0 3.75 Light to common bulls 2.50® 3.25 —Calve*— Choice veals 12 [email protected] Good veals .11 [email protected] Medium veals 8 DO® 10.00 Lightweight veals 7.00® 8.00 Common to heavyweight veals 5.00® 6.50 Stocker* and Feeder*— Good to choice steers under .8(H) lbs 4 75® 5 50 Medium cows 2.50® 4.00 Good cows 3 75® 4 50 Good heifers 5 <M*® 6.50 Medium to good heifers 4 00® 4.75 Milkers 37.00®75.00 —Sheep and lambv— Ewes 2.00(5 7.00 I Bucks 2 50® 4.50 j : Good to hcoice lambs 13.00® 17.00 j | .Seconds 8 00® lO.oti | Buck iambs T.ihi® 7.5>0! Culls 4.00® 7.00 I

Other Livestock

CHICAGO, Feb. 24.—Hogs- Receipts, i 29,000; market, 15 to 20 cents higher j mostly; bulk of sales, $10.40® 10.85; top,' j $10.90 ; heavies, $10.45® 10.70; mediums ,-10.60® 10.65 : lights, slo.Ts® 10.90; light 1 lights, $lO 2.Vu10.90: heg|'y packing sows, smooth, $9.25419.90; packing sows, ; rough. $9,104(9.10; pigs. $94(10.50. Cattle - i Receipts, 4.500; market, generally steady. Beef steers—Choice and prime, s9.loci 9.85; medium and good, $7,504(9.15; good 1 anil choice. $8.25®9.50; common and medium. SU, 404(8.25. Butcher cattle—Heifers. $150®".85; rows. $14(6.35; bulls, $441 .6.50. Canners and cutters—Cows and heifers. $2,604(4; runner steers. $3.75® 4,75; veal calves, light and handy weight, $7.75® 11 50; feeder steers, $5 r>0®7.50 ; stocker steers, $5 104(7.25; stockcr cows and heifers. $3.75® 5.50. Sheep and iambs—Receipts, 7,0ti0; market, strong; good to choice lambs. $13,504(16.25; cull to common lambs $10.25® 13.25; yearling wethers. $10.70® 14.50; ewe.-. $5.75® 9.25; cull and common ewes, s3®o; feeder lambs, $11,504(13.50. CINCINNATI, Feb. 24.—Hogs—Receipts, 5.500; market steady to 25c higher; heavies, $10®;10.75; mixed. $11; mediums, $11.25; lights, $11: pigs, $9.75; loughs, $8.25; stags, [email protected]<). Cattle Receipts. 750; market steady to strong; bulls strong: calves, $12.50. Sheep and lambs- Receipts, 800; market steady; ewes, $14(7; bucks. $14;’4.50; choice lambs. sl6; seconds. sl2; culls, s6®B. CLEVELAND, Feb 21 —Hogs—Receipts. 750; market, higher; yorkers, j $11.35; mixed, $11.25; mediums, $11; pigs, $11.35; roughs, $8.75; stags. $6, Cattle Receipts. 400; market, steady. Sheep and ! Lambs —Receipts, 1,500; market, steady; > top, sl6. Calves —Receipts, 400; market, I steady; top, 14. EAST BUFFALO. Feb. 24.—Hogs -Re- I eelpts, 4,800; market, active; .corkers, sll 75; pigs. $11.75; mixed, $11,254( 11.75; (navies, $114(11.25; roughs, $94<9.50; stags, [email protected]. Cottle—Receipts, 225; market, active; shipping steers,.sß4/8.25; butcher grades, $7®5.25; heifers, $5®7.50; cows. $2®'5.50; bulls, $3,504(5; feeders, $1.50@0; milk cows and springers, s2s® 125. Calves—Receipts, 1,700; market, slowi cull to choice, ss® 15. Sheep and lambs—Receipts, 5,000; market, active; choice lambs, sls®; 16.10; cull to fair. SB4/ 14.75; yearlings, 88® 14.50; sheep, s3® 10. EAST BUFFALO. Fob. 24.—Hogs—Heccipis, 10.500; markets, steady; mixed anil butchers, $10.40® 10.50; good heavies, $10.454/10.65; roughs. $8 254/9; lights. | $10:75® 10.85: pigs, $9.50® 10.75; bulk of sales. $lO 65® 10.85. Cattle Receipts, 1.- ! 000; market, steady generally; native beef -deers. $74/8.75; yearling steers and licit,rs. $7.25® 5.75; ewes, [email protected]; Stockers and feeders, $3.50® 7; calves. 83.754/ J 1.50; canners and cutters. $2.50® 3.50. Sheep and Lambs —Receipts, 250; market, steady; mutton ewes, $74/7.75; good to choice lambs. $9.50®15.75; cauuers and choppers, s2®4. PITTSBURGH, Veit. 24. Hogs—Receipts, 1,000; market, 40c higher; prime heavies, $10,654/ 10sit; mediums, sll.oo® 11.65; heavy yorkers. $11,604/11.65: light yorkers, $11,604/.! 1.65: pigs, $11,604/ i!.(►>; roughs. $8.5041 25: stags, ss® 55b i: ,i\ \ taxed, $11®1195. Cattle Receipts, light; market steady; choice. . 8..5 •t, n.is; pr ate, SB4/ 8.25; good, $7,504/ 7.75: Lily butchers, $74/7.50; fair. S6(O 6.75; common, $4,504/5.75; common to good fat bulls. $34/5.50; common to good fat cows, s2® 5.50; heifers, $1,504/0.75; Irish cows and springers. S4O®HO; veal calves, $13.50; heavy and thin calves,ss® 10. Sheep and lambs—Receipts, 350; market, steady; prime wethers. [email protected]; good mixed. SB4/8.75; fair mixed. $64/ 7.50: culls and .commons, $2.50® 4; choice lambs, sl6. C LEVELAND PRODUC E CLEVELAND. Feb. 24.—Butte Extra, in t u 1/s, 41 %@42c : prints, 44® 4*%c; cxtra firsts. 42Vi®!43c; packing stock, 174 V I9c. Eggs—Fresh gathered. Northern ev fra-. 36'ic: .extra firsts, 35%c; Ohio firsts, new cases, 32c; old cases, 31 Vic; Wester.: 1.. s, tittv cases, 29c. Poultry—Live. I,ca y fowls, 284|30c; spring culls, 23® 2Ge; spring diutks, 27@28c. Potatoes Ordinary, [email protected] per 150'b. liag; -Michigans, $2.95; Early Obios, $2.10 per 120-lb. bag; sweet potatoes, Delawares, $1.80<g1.90 per hamper. ‘

Local Stock Exchange

—Feb. 24STOCKS. Bid. Ask. Ind. Ry. A Light com Ind. Ky. A Light pfd Ind. -St. lty 45 T. H. T. & L. pfd Indpls. A N. W. pfd 60 luopls. A S. E. pfd 60 T. H. T. A L. pfd 66 T. H. I. A E. pfd 15 l’. T. of Ind. com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2nd pfd 2 Advance-Rumely coin 13% ... Advance-ltuinely pfd 35 Am. Creosoting pfd 93% ..., I Am. Central Life 190 .../ Belt. It. It. com 66 ... Belt. R. R. pfd 49% ... Central Bldg. Cos. pfd 93% ... Citizens Gas Cos. 23 City Service com .’ 174 ft 177% City Service pl'd 53% 55ft Dodge Mfg. Cos. pfd 87 Home Brewing 44% ... Ind. Hotel com 75 Ind. Hotel pfd 97 Indpls. Nat. Ins. Cos 2 ... Ind. Title Guarantee Cos 45 Indiana Pipe Lines 92 Indpls. Abattoir pfd 47% ... Indpls. Gas 45% 47% Indpls. Tel. com 2 ... Indpls. Tel. pfd 90 Mer. Pub. Utl. pfd 47 52 Nat. Motor Car Cos 1% 3 Pub. Sav. Ins. Cos 4% ... Raul) Fer. pfd 47% ... Stand. Oil of Indiana 85% ... Sterling Fire Imf. Cos 6% ... Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd 100 Van Camp Frod. 2nd pfd 100 Vandalia Coal Cos, com 3% Vandalia Coal Cos. pfd 6% 11% Wabash Ry. pfd 22 23 Wabash Ky. com 6% 8% BONDS. Broad Ripple 5s 60 65 Citizens St. Ry. 5s 73 76 Indian Creek Coal A Mine 100 Ind. Coke A Gas 5s $6 Indpls. C. A S. 5s 8-8 Indianapolis North 5s 37% 41 Indpls. A Martinsville 55.... 58 Indpls. A N. W. 5s 47 52 Indpls. A S. E. 5s 45 Indpls. Shelby. A S. E. 5s 7o Indpls. St. Ky. 4s 61 T H„ I. A E. 5s 50 IT. T. of Ind. 0s 44% 49 Citizens Gas Cos. 5s 85 90 Indpls. Gas Cos 84 89 Kokomo, M. AW. 5s 83% 88% Ind. Ilqtel Cos 3d 5s 95 Indpls. L. AH. 5s B*l% 90 Indpls. Water Cos. 4%s 80 ... Indpls. Water 5s 94% 95% Mer. H. A L. 5s 96 99 New Tel. Long Dist. 5s 95 New Tel Ist 6s 95 Indpls. K. A T. 5s 75 ••• Sou Ind. Power 6s 88% •Ex-dividend 3 per cent semi-annual. LIBERTY BONDS. Liberty, first 3%s 06 76 97 "0 Liberty, first 4s 96.88 97.10 Liberty, second 4%s 96.66 96.81 Liberty, third 4Vi* 97.24 97-30 Liberty, fourth 4%s 96 96 97.10 Victory, 4fts BHi Victory, ,4fts 100. 12 100.26 Local Curb Market (By Newton Todd.) —Feb. 24. ! Am. Hominy com 14 22 1 Central and Coast Oil 1 Choate Oil Corp % 1 Citizens Gaa Cos. pfd 94 100 Columbia Fire Ins. Cos 6 7% Comet Auto % 2 Dayton Rubber Units 45 52 Dictograph Prod, pfd 29 34 D. W. Griffith sft 6% Elgin Motor Car 1% 2% Fed. Fin. Cos. pftl. 77 87 Fed. Fin. Cos. com 125 135 (it. Sou. Prod. A Kef 5 5% Goodyear T. A K. com 10 12% ; Goodyear T. A It. pfd 25 28 Ind. Rural Credits 50 60 Metro. 5 10*' Stores com 4% 6 Metro. 5- 10c Store* pra 19 23 Nat. Underwriting 2% 4 Rauch A Lang Unlta 22 30 Rub-Tex. Units 12% 17 Stevens Duryea Units 21 28 IT. S Auto. L’nlts 51 61 U. S. Mfg. Cos. Unlta 150 160 BANK STOCKS. | Commercial Nat. Banz 71 81 (.'out. Nat. Bank 100 116 Ind. Trust Cos 175 100 Ind. Nat. Bank 260 276 Mer. Nat. Bank 280 Security Trust Cos 130 State Sav. & Trust 91% 96 Union Trust Cos 300 ... Wash. Bank A Trust Cos 150 .... WHOLESALE BEEF PRICES. The following are today's wholesale price for beef cuts are sold on the Indianapolis markets of Swift and Company: Ribs—No. 2,22 c; No. 3,15 c. Loins —No. 2,25 c; No. 3, I.Bc. Round—No. 2. 15c; No. 3,13 c. Chucks—No. 2. I0e; No. 3,9 e. Plates—No. 2,8 c; No. 3, Bc.

NF’T’ TC SUE We Offer With Our Recommendation the Unsold Portion of $235,000 Tax Exempt hirst Preferred 6V2% Cumulative Stock of the Jefferson Apartment Hotel Company INDIANAPOLIS Tax Exempt in Indiana Free from Normal Income Tax Dated February 20, 1922. Shares SIOO.OO Dividends payable quarterly, March 2, June 2, September 2 and December 2. First dividend payable June 2, 1922. Callable at and accrued dividend at any dividend date. MATURITIES SB,OOO March 2, 1924 SB,OOO March 2, 1931 8,000 March 2, 1925 8,000 March 2, 1932 8,000 March 2, 1926 8,000 March 2, 1933 8,000 March 2, 1927 10,000 March 2, 1934 8,000 March 2, 1928 10,000 March 2, 1935 8,000 March 2, 1929 10,000 March 2. 1936 8,000 March 2, 1930 125,000 March 2, 1937 THE PROPERTY: The Jefferson Apartment Hotel Company will erect a six-story absolutely fireproof modern apartment hotel, constructed of brick and reinforced concrete. This building will contain seventy (70) separate apartments, embracing the most modern features known in apartment hotels, including dining room, elevators, e:c. LOCATION: The Jefferson Apartment Hotel will be located on Pratt street, one half square east of Delaware street. This is two squares from tie new Public Library and is within easy walking distance of downtowm. EARNINGS: The estimated annual net earnin sos this Apartment Hotel, after deducting operating expenses, will be $37,410 with which to tak care of the maturities and dividends. SECURITY: The Preferred Stock will he secured liv the ground and the building. The ground, which is owned in fee simple, fronts 85 feet in i’ratt street and is 168 feet deep. According to the mortgage agreement, no incumbrance can be placed on this property without the written consent of every individual stockholder, APPRAISAL: The ground and building will have a conservative valuation of $390,000. INSURANCE: Fire insurance shall be carried ii an amount equal to the preferred stock outstanding. Torrado insurance shall be carried i: amount sufficient to protect the preferred stockholders. No floating indebtedness in excess of $5,000. o.h t tlirn taxes not delinquent. LEGALITY: The title and all proceeding, ant ori-.ing this issue have been approved by our attorneys, Messrs. Smith, Remster, Hornbrook & Smith. Indiana Securities Commission, Issuer’s License No. 423. Price—Par and Accrued Dividend Telephone or wire your reservation at our expanse. BPFSD, ELLIOTT & HARRISON 169 Forth Pennsylvania Street C'ncinnati INDIANAPOLIS Detroit Chicago The Information and statistics contained in this advertisement l.ave been obtained from reliable sources and are accepted by us as accurate, being tlie figures on which we based our purchase of the above stock. INDIANA SECURITY COMMISSION DEALER’S CERTIFICATE No. 3.

Weather

Stations. Bar. Temp. Weath. Indianapolis, Ind., 30.49 25 Snow Atlanta, Ga 30.20 46 Clear Amarillo. Tex 30.42 IS Cloudy Bismarck. N. D., .. 30.64 —22 PtCldy Boston, Mass 30.14 26 Clear Chicago, 111 30.50 18 Snow Cincinnati, Ohio .. 30.46 26 Cloudy Cleveland. Ohio .. 30.46 18 Snow Denver Colo 30.34 6 Clear Dodge City, Kns. .. 30.54 14 Snow Jacksonville, Fla. . 301.8 64 Clear Kansas Citv, Mo. . 30.58 16 Cloudy Louisville, Ky 30.52 22 Cloudy Little Rock. Ark. .. 30 42 34 Cloudy Los Angeles, Cal. .. 30.10 48 PtCldy Mobile. Ala 30.22 56 Clear New York. N. Y. .. 30.20 28 Clear New Orelans, La. .. 30 20 58 Clear Norfolk. Va 30.20 48 Cloudy Oklahoma City .... 30.50 18 Clear Oraabo, Neb 20.66 6 Clear Philadelphia, Pa. .. 30.28 36 Cloudy Pittsburgh, Pa. .. 30.42 22 Snow Portland. Ore 3012 28 Cloudy Rapid City. S. D. .. 30.56 —lO Clear San Francisco, Cal. 29.90 50 Cloudy St. Louis. Mo 30.56 22 Snow St. Paul. Minn 30.66 —S Clear Tampa. Fla 30.18 64 PtCldy Washington, D. C. . 30.26 36 Clear WEATHER CONDITIONS. Tlie storm over the Lakes region and adjoining sections Thursday morning lias continued its movements lo the north Atlantic coast, accompanied by rains changing to snow Harries. The area of cold weather following lias reached the Gulf anil Atlantic Coasts, with tlie line of freezing temperatures extending from northern Texas to northern Virginia. Temperatures of zero or lower prevail over tlie northern Plains States and upper Mississippi Valley, with readings of from 20 degrees to 28 degrees below zero in parts of North Dakota and Montana, where radiation from deep snow cover was acti v e. Some rains have occurred in the Gull region, and alos In tlie middle Pacific section, .vhere another disturbance has made its appearance.

Time for Filing Corporation Income and Profits Tax Returns Extended to June 15th, 1922 Tentative Returns Must be Filed by March 15th. and One-Fourth of Estimated Tax Paid at That Time ( This important announcement, which has just come to us directly through our Washington, D. C., office, offers Taxpayers sufficient time to have their accounts audited by a certified public accountant, thus safeguarding their interests to the highest degree. Our complete organization, consisting of over thirty offices located in all principal cities, is at your serviceERNST *• ERNST AUDITS—SYSTEMS—TAXES INDIANAPOLIS OFFICE LEMCKE ANNEX. CIRCLE 2500.

BRITISH RAILS LOSE GAINS OF PREVIOUS DAY Industrial Issues Show Strong Tendency, While Dollar Rails Are Easy. OIL ISSUES ARE STRONG LONDON. Feb. 24 —Considerable turnover again was in evidence in the stock exchange yesterday, but an irregular tendency that began Thursday developed still further nnd substantial profit taking was in evidence In several depart meuts. In the gilt-edged market reaction cor tinned and British bonds receded, buo foreign bonds kept active for the most part. The home rail market lost a portion of the advance noted in the last few days. Dollar rails and foreign rails both were easier. Industrials showed a strong tendency, iron, steel and engineerings being the most prominent. In the oil market inquiry was more persistent and prices were stronger. Mexican Eagles were 4%, Shells 4 27.32 and Royal Dutch 36%. African minings slumped slightly and Americans were on the dull side. Loanable credit diminished greatly In Lombard street, 3% per cent frequently being paid for overnight money. Day to day loans and fixtures both were 3 per cent. Bar pilver fell to 35d and to 32ftd for spot and forward.—Copyright, 1922, by Public Ledger Company.