Indianapolis Times, Volume 34, Number 257, Indianapolis, Marion County, 8 March 1922 — Page 12

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STOCK PRICES IRREGULAR ON SLOW MARKET Activity Curbed and Professional Element Figures in Trading. CORN PRODUCTS IN HIGH Specie! to Indiana Dally Times and J'hiiadelphia Public Ledger. BY MONITOR. NEW YORK. March 8. —Business on the Stock Exchange showed a further slackening in activity and operations were dominated largely by the professional element which imparted a general aspect of irregularity to price movements. Individual cases of weakness were disclosed, with the selling featured in the forenoon by offerings of General Asphalt, Gulf State Steel, Pure Oi' and Consolidated Gas, the decline in the last named issue being regarded as a natural setback after Monday's sharp rise. As an offset against these instances of irregular recession, the general list was quietly firm, and here and there some substantial gains were registered. American Can moved to anew high level, and other features of strength were National Enameling and Stamping, Electric Storage Battery, United States Industrial Alcohol, American Ice. American Agricultural Chemical, common aad preferred, and a few othe specialties among the oils. Cora Products went to anew high level after the publication of the annual statement. So far as group movements were concerned, the coppers probably made the best showing of the lot. Studebaker was the feature of strength among the motors. The decision of the United States Supreme Court in the Consolidated Gas suit probably found its reflection in a better class of buying in the local traction issues. There is a feeling in financial circles generally that the attitude toward public utilities generally will undergo some diminution of the rigor that has characterized it in the past. Good advances were scored by Brooklyn Rapid Transit, Third Avenue and Manhattan Elevated. The rails moved within narrow limits, largely along the tine of fractional gains, with the excoptoin of Pittsburgh and West Virginia v.Lich advanced two points. There was little news of a general character aside from the publication of several annual reports.—Copyright. 1922, by fublic Ledger Company.

Local Stock Exchange

—March B. STOCKS. Bid Ask I rid. lly. & Light com. bo ... Ind. Ity. & Light pfd 75 InJ. St. Ky 42 Vi 40 j Ind. & X. W. pfd CO f minis. iV S. E. |>td CU I'. H.. T. A- L. pfd C 7 T. 11. 1. A E. coin ... 5 ! If., I. A K. pfd 15 U. T. of Ind. coin —. ... 1 U. T. of ind. Ist. pfd 4 I . T. of lud. 2d pfd 2 Advance-Kumely com 14% ... Advance-Kuwely ptd Am. Central I.ife 195 ... Aui. Creosoting pfd 93% ... Belt It. It. com tic Belt K. It. pfd 50 Central Bldg. Cos. pfd 93% ... Cit®“OS Gas Cos 2a 1 3 2\\ City Service com ISO 191 City Ser.'ce pfd 59 61% Dodge Mfg. Cos. pfd ... ... Home Brewing 45 ... Ind. Hotel c. in 85 Ind. Pipe Lines ill Indpls. Abattoir pfd 40 Ind pis. Gas 45 47% Indpls. Tel. com 2 ... Indpls. Tci pfd 90 Mer. Pub. Util, pfd 48'. ... Nat. Motor Car Cos 1 4 Pub. Sav. Ins. Cos 4% ... ltauh Per. pfd 47% ... Stand. Oil of Indiana 86% ... Sterling Fire Ins. Cos 7% ... Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd 100% Van Camp Prod. pfd..... ... Yandalia Coal •' . com 1 5 •'andalia Coal co. pfd 7 10 Wabash Ky pfd 22% ... Wabash Its com BONDS. Broad Ripple ss_ *0 Citizens St. Ky. 5s 74% .. Indian Creek Coal A Mine I*lo Ini. Coke A Gas 5s 80 Indpls. C. A S. 5s 90% .. Indpls. North. 5s 5s 42 Im.pls. A Martinsv. 5s tin Indpls. A N. W. 5s 49 54 Indnls. A S. E. 5s ... 45 Indpls. Sfcelbyv. A S. E. 5s n> Indpls. St. Ky. 4s 58* 02 T. 11.. I. A E. 5s 51 Vi .- - Citizens Gas Cos. 5s 80 88'" Indpls. Gas Cos 85% 90a, Kokomo. M. & W. 5s 84Vi 89% Ind. Hotel Cos. 2d 5s 90 Indpls. L. &H. 5s Bt'V4 90 Indpls. Water Cos. 4%s 80 Indpis. Water 5s 94 97 U. T. of Ind 46 51 Mer. Water 5s 97 99% New Tel. 1.. D. 5s New Tel. Ist Os 95 ... Son. Ind. Power Os BSV4 Indpls. T. & T 76 JIBERTY BONDS. Liberty First 3%s 90.70 97.00 Liberty First 4%s 97.20 97.46 Llbertv Second 4V,s ......... 97.22 97.54 Libetry Third 4%s 95.10 98.36 Liberty Fourth 4%s 97.48 9..74 Victory 4%s ...100.30 100.40

Local Curb Market

(By Newton Todd.) —March S Am. Tlorainy Cos 10 1G Central and Coast Oil % ... Choate Oii Corp % % citizens Gas Cos. pfd........ 93 S*S Commonwealth Fin com 30 37 Commonwealth Fin. pfd 43 50 Columbian Fire Ins. Cos 6 774 Comet Auto % 2 Dayton Rubber Units 45 52 Dictograph l'rod. pfd 23 33 D. W. tiriflfith 3 7 Elgin Motor Car 2 2% Fed. Fin. Cos pfd 77 87 Fed. Fin Cos. com 125 135 Gt. Sou. Trod. & Ref 5 6 Goodyear T. & R. com 10 12 Goodvear T. & R. pfd 25 28 Ind. Rural Credits 50 60 Metro. 5-10 c Stores com 3 5 Metro. 5-10 c Stores pfd . ... 2(* 27 Nat. Underwriting 2% 4 Rauch & Lang Units 21 2S Rub.-Tex Units 12 17 Steel Craft Units 32 42 Stevens-Durvea Units 17 25 U. S. Auto Units 53 63 U. 8. Mtg. Cos. Units 150 IGO BANK STOCKS. Commercial Nat. Bank 71 Si Cont. Nat. Bank 100 116 Ind. Trust Cos 175 190 Ind. Nat. Bank 260 270 Mer.. Nat. 8ank.............280 ... Security Trust Cos 130 State SaT. & Trust 92 98 Union Trust Cos 300 ... Wash. Bank & Trust Cos 150 ... INDIANAPOLIS PRODUCE. Eggs—Loss off. lifftlSc. Butter—Packing stock. 13c. Poultry—Fowls, 16@22c; springs. 20©21e; cocks, 12@13c; stags 13c; capons. 7 lbs. and up 28c; capons, under 7 lbs. 25c; capons slips. 7 lbs and up. 2ic; capon slips, under i" lbs. 21@24e; young hen turks. 8 lbs. and up, 30©35c; young tom turks, 12 lis. and up. 30©35c; old tom turks. 28© 30c; cull thin turkeys not wanted; ducks. 4 lbs and up. 15® 16c; geese. 10 lbs. and up. 14c; squabs. 11 lbs. doz. $4.50; young guineas, 2-lb. size, per doz. [email protected]; old guineas, per doz. $3. Butter —Lccai dealers are paying 3S@ 39c per lb. for butter delivered in Indianapolis. Butterfat —Local dealers are paying 36c per lb. for butterfat, delivered in Indianapolis.

N. Y. Stock Exchange

(By Thomson & McKinnon.) —March 8— Prev. High. Low. Close, close. Advance -R. com 15% 15Vi 15% 15 Ajax Rubber... 15% is 15% 11% Allied Chem.... 57 57 57 57 Allis-Chalmers.. 47% 46 46% 46 Am. Beet Sg.. 40% 39Vi 40 39% A. Bosch Mag.. 38% 38% 38% 37% Ain. Can 45', 44V* 44% 44% Am. Car A Fd. 150 153 154% 151 Aincr. Ice 103% 101V4 101% 101-% Am. H. AL. pfd 69 , 68% CB% 08% Am. Inter. Corp. 44% 43% 44% 44 Am. Locomotive 111 109% 109% 109% Am. Steel Fd... 33% 33% 31% 33% Am. Smelt. A It. 48% 48% 48V. 48 Am. Sugar Kef. 74% 73 73% 74 Am. S. Tob. Cos. 29% 28% 29 29 Am. Tel. A Tel. 120% 1 ■<)% 120 119% Ain. Tobacco ..137 1 34% 136% 134% i Am. Woolen ss% 87% 88 87% Anaconda 49% 49Vi 49% 49% Atchison 96% 96% 90% 90V, Atl. G. & W. X. 29% 27% 28% 27% Baldwin Loco. 107% 100 106% 100% It. A 0 37% 37 37 37% Beth. Steel (B). 65 63% 64% 04 ISrook Trans 11% 11% 11% 11% Cal. Pete 52% 51% 52 52% Can. Pac. Ky... 135% 134% 134% 135% Central Lea 35% 35% :% 35% Chandler Mot... 73% 72% 72% 73 C A 0 58% 58% 58% 59*4 CMSTI*. com. .. 22% 22% 22% 22% CMSTP. pfd. .. 30% 36% 30% 30% Chi. A North. . 08% 08% OS% 07% CHIP 40% 40% 40 V, 40% CRIP 6 pet 79Vi 79Vi 79% 79 CRIP 7 pet. pfd. 92 92 92 91% Chill Copper ... 17% 17%* 17% Cluett A Pea... 55 54 54 Corap. A Tab 09% 09 09 09% Chino Copper .. 27* s 20% 20% 20% Col. Gas 70% 70 70% 70% Coca Cola 54% 43% 44 41% Col. Fuel 20% 20% 20% 20% Cons. Gas 105% 103% 104% 104 * Con. Can 50% 59% 59% go Corn Prod. ... 100 104% 104*;. 100*4, Crucible Steel .. 58% 50*i 67*-. 57 " Cuban Am. Sug. 24% 23% 21% 24 Cuban Sugar... 12% 12% 12% 12% Dome Mines .... 24% 24 24 24% Erie 10*% 10 10 10% Erie Ist pfd. ... 10% 15% I*l 10% Endicott and J. 81% 81*. M% 81% Famous Players 54% 83% S-!% 83*,;. Fisk Rubber Cos. 14 13% 14 I3*i Gen. Asphalt ... 6>'- s * 59% (io% 00% Gen. Cig. s ... CO 66 60 ..1. •Gen. Electric .153 152’’. 152 VJ 150% Gen. Motors ... 9% S% 9% 8% Goodrich 39% 38% 38% 38% Gt. North, pfd.. 75% 74% 74% 75% Gt. North. Ore. 34% 31% 34% 34V, G. States S. ... 75% 71* • 72', 71% Houston Oil .. 75% 75% 75% 70% Illinois Central 101 101 101 100 ' Indiahonia 3% 3% 3% 3 7 4 In. Copper 40% 59% 4<> 39% Inter. Harvester 91 % 91 91 901Inter. Nickel ... 13% 12% 15*% 13 Inter. Paper .. 47 i 45%. 44 40 In. Oil 16%, 15% 10% 10 Kansas C. S. ... 21% 2!’, 24% 24% K. Spring. Tire 41% 44 41% 43% Kenn. Copper.. 28", 2'% 2- : , 28% Lack. Steel .... 48', 40 47% 40 * I.ce T. A It. . 29% 28% 29% 28% Lehigh Valley.. 5‘.*% 59’.. 59% 55*. L. A X 113 % 113' 113 Lima Loco lim% 99% 102% Martin-Parry... 28% 28% 28% 28% Marine com % 15% Marine pfd 71% 7>. , 71% 7n% Maryland 0i1... 20 25 % 20 25', Mexican Pete..l23’ 12:; , 12t% 125 Miami Copper.. 27% 27% 27V. 27% Mid. States Oil. 13% 13% 151." 13% Midvale Steel... 39%. 29 5 , 30% J9l , Mo.-l*ac. 1iy.... 22 " 21% 22 " 22 Mo.-Pac. Ky. pf. 54%. 53% 54 34% Montgy.-Ward.. 15% 11% 14% 15% Nev. Con. Cop.. 14% 14% 14% 14% N. Y. Central... 79 78% "9 " 7,5% New Haven .... 17% 10% j“ 10-'O N. A W 99' . 9il •, <u % <*-.>% North. Pae 79% 7;t% 79 ‘ 79*. Okla. P. A R.... 2% 2'.. 2', 2% Owen Isot. com. 3:5 31 %> 32', 31% Pacific Oil 4S 48% 48' . 4si . Pan.-Am. Pet... 50% 56 56*j 50% Penna. Ky 35*. 35*4 35% 35% Pere Mar,| 26% 20*. 201 . ’ or,x; Pierre-Arrow .. is 17 " 471 V ni% Pierce Oil Cos. .. 7% 7'. 7% 71;. Pullman Car . 117% lie. ‘ 110 115% Pure Oil 51*. 30% 30% 31% Ry. Steel Spgs.... :>s !*s 11s Reading 74 73% 731 , 7512. ltep. Iron Stl... 51 40 50 % 4'J% licp Sted 30% 29’ V 29% 29% Royal Ditch ... 32% 51% 51% sin Seara-Uoel uck . ts% 07*. 67% 07':. Sinclair 21 % 21 % 21 *' 22 Sloss Sheffield . 555 v. 34% 35% *35 Son. Pac 8%. 84 84% 84% Sou. llv 20", 2*l*4 20% 2<1% ST LA .8 W. K.v. .. 27% 27'. 27’, 27% Stand. Oi! Cal... 95% 95*.] 95*5 STI..VSF. coin... 28% 27% 27% 28 Ktromberg Carb. 40 42 4:‘. 42 Stndebaker 99% ns% <19% ;hk% Texas Gas 44% 43% 43% 44% Texas Coal 26% 20 20 % 26 Texas Cos 45.% 45 45. 45% Texas Pac 31% 31% 31% 31% Toh. I’r.id 60% 60 60 59*5 Trans. Oil 9% 9% :*•% 9% Union Oil 17% 17% 17* . 17' . Union Pa- 131% 131 % RilTj 1:11% Unircd Drug... 04% 63*4 61% 02V, I’nited Fruit.. .140 130% 139% 140% U. S. Ret. Sfrs. 45% 44% 45 44% 1* S Castirn I’ii>e 31 29% 30% 29*5 U. S. Ind. Alco. 48*4 45% 47% 45% U. S. Rubber... 00 58% 59% 59% U. S. steel 95% 93% 94% 94% U. S. Steel pfd.116% 110*. 110% 110% Utah Copper 65', 02% 63 * 03'8 Vanadium Steel. 36% 35% 50% 36 Wabash Ist pfd. 23% 23%. 23*. 20% Worth. Pump... 46V. 46 46’ West. Pacific... 19% 19 19 ' 19 Western Union. 04%- 94% til 7 V 04% Westbs. Electric 57 50% 56’. 56% White Motors.. 39% 3‘* 59% 39 Willvs-Overland 5% 5% s’. 5% White Oil 9% 9*5, 9% 9% Woolworth 130 730 150 150 •Ex-dividend.

NEW YORK LIBERTY BONDS. (By Thomson & McKinnon.) —March 8Pror. High. Low. Close, close. Liberty 3745.... 96.94 9G.52 96.82 96.86 Liberty Ist 4s. 97.20 Liberty 2d 4s 97.24 97.24 Liberty Ist 4*,45.. 97 42 97.32 97.32 97.40 Liberty 2d 4 1 45.. 97.40 97.28 97.36 97.32 Liberty 3d 4V,5.. 98.24 08.20 98.21 98.20 Lltertv 4th 4*4S. 97.60 97.50 97.50 97.50 Victory 3 "is ...100.10 100.00 100.10 100.02 Victory 4%s ...100.54 100.36 100.50 100.30 CHICAGO STOCKS. (By Thomson & McKinnon.) March 8— Open. High. Low. Close. Armour &Co.pfd 98 Armour Leather 1214 .... Case Plow 3% CUWConnßys pf 8 S 7% 7% Coin. Edison ....120 Cont. Motors 5% 0"4 514 514 Deere Ac Cos. pfd 72 Earl Motors 3% 3Vi 3% 3Vi L-MeNeill 6 6 5% 5% Mont. Ward 15 Nat.Leath. new. 10% Pick Ac C 0...... 22 1 22“4 *4 22Vi* Stew. Warner... 34 34Vi 04 34% Swift & Cos 107 Swift Inti 22*4 22% 22*4 22% Thomson (J.R.). 42 I'.Carbl & Carbo 53 53 52*4 52% Wnlil 6774 68 C77i 68 Wrigley 102% Yellow Taxi 08% 70 68% 69% NEW YORK RICE. NEW YORK, March B.—Rice prices were lirm in trade on the market here today. domestic selling at 37i@774c per pound. NEW YORK PETROLEUM. NEW YORK. March B.—Petroleum prices were steady in trade on the market here today, Fennslyvania crude petroleum selling at $3.25 per barrel. NEW YORK HIDES. NEW YORK. March 8 Hides were active in trade on the market here today and prices were about steady. Native steer liicbis were quoted at 1274 c per pound and "branded steer hides at 11.75 c. NEW YORK METAE MARKET. NEW YORK, March 8. —Copper— Steady; all positions offered, 12% c. Lead —Quiet; all positions offered. 4%c. Spelter— Firm; all positions offered 4.70 c. NEW YORK TURPENTINE. NEW YORK, March B.—Turpentine sold at 88c per gallon on the market here today. NEW YORK WOOL. NEW YORK. March 8. —Wool values ruled firm in trade on the market here today. W HOLESALE BEEF PRICES. The following are. today's wholesale rices for beef cuts as sold on the Inuianapolis markets off Swift & Cos.: Ribs —No. 2. ISc: No. 3/ 15c. Loins—No. 2, 22c; No. 3.20 c. Round —No. 2,15 c; No. 3.13 c. Chucks—No. 2,10 c; No. 3,9 c. Plates—No. 2. 8c; Nfi. 3.7 c. 1

MANY STOCKS SUSTAIN LOSSES New High Record Touched by Government Bond Issue. NEW YORK. March B.—The stock market closed irregular today. After developing a somewhat heavy tone in the late dealings, maty of the leading issues reacted about 1 point. United States Steel, after selling af 95%. fell to 94% and Baldwin Locomotive yielded 1 point to 106%. American Sugar and Foundry dropped nearly 3 points to 154 and Lima Locomotive yielded 3 points to 101%. Studebaker rose to 99',% and then yielded to 99%. National Enamel and Stamp showed a gain of about 2% points at 39% and Industrial Alcohol rose 3 points to 47%. International Paper was weak, dropping 4 points to 44. The Victory 4%s moved up to anew high record of 100.54. Government bonds were unchanged and railway and other bonds were irregular. Total sales of stocks for the day were 780,000 shares; bonds, 813,450,000. (By Thomson A McKinnon.) —March 8— The stock market has during the past few days clearlv demonstrated the fact the favorable influences underlying the market was satisfactorily strong. Not only to counter-balance but to overcome the technical weakness that prevailed. . , . , . , There was greater activity today, but the tendency is still to center activity in a few groups at a time. Today, the equipments stood out as the real market leaders with an Increasing demand noticeable for the steel shnrea. . , The strength of equipment shares suggests the betterment that is going on in our railroad situation and when we consider the fact that practically all railroad properties are grossly undervalued in the market. The opportunities in this group has become apparent. The steel situation Is gradually getting stronger higher prices now being quoted for some of the products and increased production at mill centers is being reported. . , This is of the utmost importance from the stand-point of general business because it means progress Is being made and while, as judge Gary says, it Ins not assumed large proportions, never-the-less, we are most concerned at the moment with the trend and since that is toward improvement, we are justified in looking forward with hope and confidence. . , , The steadv falling off in our foreign business brings up the point that next month an ecom inio conference is to take place in Europe and one thing is certain, matters will not be made worse and every Improvement there will be reflected In larger business with us. As the market progresses we will necessarily encounter more frequent reactions and possibly of greater extent than heretofore but at present the tendency again seems to be upward. TWENTY STOCKS AVERAGE. NEW YORK. March B.—Twenty industrial stocks Tuesday averaged 80.90. up .50 per cent. Twenty active rails averaged 77.55, up 06 per cent. CLEARING HOUSE STATEMENT. NEW YORK. March B—Exchanges, 8G59,200,000; I dances, $56,100,000; Federal Reserve Bank credit balances, sll.900.000. i Money and Exchange Indianapolis bank clearings Wednesday were s2®*2/s*l; bank debits, $4.04.,,V 0. NEW YORK, March 8 —The foreign exchange market opened weak today, with demand Sterling i%c lower at $4.31% Francs yiel led 36 centimes to 8.93 c i cables and to 8.92 f<T checks. Lire cables were 4.96 c; checks. 4.95%. Belgian cables were 8 Hie; checks. 5.39%c. Marks were unchanged at .0038' ,<■. Guilder cables were 37.92 e; cheeks. 37.57 c. Sweden kronen cables were 26.25 c, checks, 20.30 c. NEW YORK CALL MONEY. NEW YORK, March B.—Money—Call money ruled 4% per cent; high, 4% per cent: low, 4 per cent. Time rates steady, all 4%'0.5 per cent. Time mercantile paper steady. SI, rling exchange was heavy, with business in bankers' bills at $4.36% for demand.

MOT-'R SECI KITIES. (By Thomson & McKlnnou.) —March 8— —Closing— Bid. Ask. Earl Motors 3*4 3% Packard com 0 6>z Packard pfd : 63 64 Peerless 35 36 Continental Motors com S4 89 Continental Motors pfd 84 89 llupp com 1444 13 llupp psi! 92 ‘ 93 Ret* Motor Cur 18% 1974 Elgin Motors 2% 2 : !j Grant Motors 75 $5 Ford of Canada 289 295 National Motors i' ; 274 Federal Truck 15 17 Paige Motors 13 It Republic Truck 47a 5 ACTIVE OIL STOCKS. (By Thomson & McKinnon) —March B. Anglo-American Oil 1774 17% Atlantic Lobos 9*4 9% Ilonie-Scrymser §SO 370 Buckeye Pipe Line !M) 92 Chesobrough Mfg. Cons ISA 195 Continental Oil, Colo 127 130 Cosden Oil and Gas 5 8 ('rescent Pipe Line 140 150 Elk Basin Pete 6% 6*4 Eureka Pipe Line 93 96 Galena-Signal Oil, Pref 110 115 Galena-Signal Oil. com 44 47 Illinois Pipe Line 173 176 Indiana Pipe Line 92 95 Merritt Oil 974 9% Midwest Oil 2% 2% Midwest Rfg 170 175 National Transit 28 29 New York Transit 150 165 Northern Pipe Line 104 106 Ohio Oil 268 27.3 Oklahoma P. and It 5% 5% Penn. - Mex 22 24 Prairie Oil and Gas ....540 550 Prairie Pipe Line 232 237 Sapulpa Itefg 27 s 3 Solar Refining ...350 380 Southern Pipe Line 9.3 95 Southern Penn. Oil 181 188 Southwest Penn. Pipe Lines 55 60 Standard Oil Cos., of Ind 87 87% Standard Oil Cos., of Kan. ..515 530 Standard Oil Cos., of Kv 440 400 Standard Oil Cos., of Neb. ...165 175 Standard Oil Cos., of N. Y. ...373 378 Standard Oil Cos., of Ohio ....385 395 Swan and Finch 40 50 Vacuum Oil 338 345 Washington Oil 23 27 NEW YORK CURB. (By Thomson Ac McKinnon.) —March 8— —Closing— Bid. Ask. Acme Packing 25 35 Curtis Aero com 474 5 Curtis Aero pfd 22 28 Goldfield Con 3 5 International Petroleum 14% 14% Nipissing (!*% 6% Standard Motors 3*4 4 Salt Creek 13% 13% Tonopah Extension 1 11-16 1% Tonopah Mining 19 16 111-10 U. S. Light and Heat 27 SO U. S. Light and Heat pfd 95 9174 Wright-Martin 2 5 Yukon Gold Mine Cos 1 I*4 Jerome 35 45 New Cornelia 17% IS United Verde 27*4 2S Sequoyah .3 10 Omar Oil 68 70 Rep. Tire ~. 25 40 Boston & Mont 39 40 Kirby Oil 22 23% NEW YORK SUGAR. NEW* YORK, March 8. —Raw sugar values were firmer in trade on the market here today, Cubas being quoted at 3.SOc per pound, duty paid and Porto Ricos at 3.01 e per pound, duty Doe. delivered. Refined sugars were firm, both fine granulated and No. 1 soft being quoted at 5.10 ©5.20c per pound. NEW YORK COFFEE. NEW YORK, March 8. —Coffee values were weak in trade on the market here today, opening options being 8 to 11 points lower. Rio No. 7on spot sold t 9*4c per pound.

INDIANA DAILY TIMES, WEDNESDAY, MARCH 8, 1922.

SWINE PRICES 10 CENTS LOWER Cattle Values Again SteadyVeals Are Higher. RANGE O* 800 TRICES. Good Good Good Feb. Mixed. Heavy. Light. 28.m.3®n.50 sll.oo@ 11.25 $11.50© 11.G0 March 1. [email protected] [email protected] [email protected] 2. [email protected] [email protected] [email protected] 3. 11.40 @11.50 [email protected] [email protected] 4. 11.60©11.60 [email protected] [email protected] 6. [email protected] 11.40 @ 11.60 [email protected] 7. [email protected] 11.26®11.50 [email protected] 8. [email protected] 11.15@>11.40 [email protected] Swine prices were 10 cents lower generally in trade on the local live stock exchange today, with receipts larger than they have been for several days past and reports ot lower price tendencies early elsewhere. Receipts for the day ran close to 5,500, which was 1,000 more than on the market or the previous day and about 2,000 more than on the opening market of the week. Both packers and shippers showed fair demands from the very stari, but they would not buy until sellers gave in to lower values. After the opening hour trade was active and practically all of the receipts had been sold at the close of the forenoon hours. Cattle values again ruled about steady, with receipts for the day close to 500, the quality fair and the demand good. There were more steers ou the market than any other grade of cattle, tut this did not seem to have a tendency to weaken the steer market. Bulls were in good demand and some sales looked strong to a sluide higher, but generally they commanded only steady prices. Canners and cutters were fully steady, as were heifers. Veal prices were strong to 50 cents higher, with receipts extremely light at 300. the quality fair and competition among shippers with Eastern house connections keen. There were less than twenty-five sheep and lacibs on the market. No market was established. HOGS. 160 to ISO lbs. average [email protected] Over 300 lbs 11.15 6 150 to 300 lbs [email protected] Best pigs, under 140 lbs 9.50f0 11.00 Stags 6.00® 7.00 Top 11.75 Bulk of sales 11.40©11.G5 —Cuttle— .. Prime corn-fed steers, 1,200 to 1.800 lbs 7.50® 5.50 Good to choice steers, 1,200 to 1,300 lbs 7.00® 7.25 , Good to choice steers, 1,100 I to 1,200 lbs 6.50® 6.75 Good to choice steers, 1,000 | to 1.100 lbs 6 00® 6.25 Common to medium 6teers, 800 to 1,000 lbs 5.25® 5.75 —Cows and Heifers — Good to choice heifers 7.25® 8.50 Medium hi iters 6.25® 7.25 Common to medium heifers.. 5.00® v.oo Good to choice cows 4.00@ 5.73 Fair to medium c0w5........ 2.50® !.00 Cutters >.oo® 4.75 Canners 3.00@ 4.00 Bulls— Good to choice butcher bulls. 4.25® 5.50 Bolonga bulls 3 70® 4.25 Light bologna bulls 3.00.® 3.50 j Light to common bulls 2.50® 3.25 —Calves— Choice veals 12.50@>!3.00 Good veals l'<.<4l®, 12.00 Medium veals 7.50® 9.50 Lightweight veals 6.50® T. 50 Common to heavyweight vals 5.50® 6.50 —Blookers and Feeders— I 1 Good to choice steers under 800 lbs 4.75® 5.50 Medium cows 2.50® 4.00 j Good cows 3.73® 4.50 j Good heifers 6.00® 6.50 Medium to good heifers 4.00® 4.75 Milkers 37.00®75.00 —.sheep and Lumbs— Ewes 2.0*1® 5 00 Fucks ....... 2.50® 3.50 I Good to choice lambs 10.00®12.00 i .Seconds 7 oo® 9. <> Buck iambs 5 00® G.OO Culls 3 00® 5.00

Other Livestock

CHICAGO, March S—Hogs—Receipts, 15,000; market, steady to lo cents bigh■r; bulk us sans. $10.90 1. 11.25 ; tup, $11.40: heavies, stu.ouo. 11.1.5; mediums, sil.(li;/n • 1.35: lights, $11.2911 II 40; light, light-. $10.35% 11.35; b avy packing sows, smooth, $9.90© 10.40; packing Sows, rough, $9.73 (old; pigs, $9.2.5% 10.65. Cattle—Receipts, 8.000; market, active and steady to strong. Beef steers—choice and prime. s.l 25m, 9.75; medium and good, $7.75©9.25; good and choice, [email protected]; common and medium, $6.60©8.40. Butcher cattle—heifers, $5(08.40; cows, $4.50%7; bu is, $1 / 6.50. Canncrs and cutlers —Cows amt hellers, s3© 4.50; canner steers, $4©.5; veal calves. light and handy weight, $7.25 ©10.50; feeder steers, $.4.05©7.05; Stocker steers. $5.25©/7.40; Stocker cows and heifers, $4©5.75. Sheep and lambs— Receipts, 10,0i)0; market, generally steady; good to choice lambs, $15.5c 'l6; cull and common lambs, $10.2 ■>n 13.;,1: yearling wethers. sll3/11.50; owes, $63/9.50; cull nnd common ewes, s3©o; feeder lambs, $11.0©13.50. CINCINNATI, March B.—Hogs—Receipts, 3,500; market, steady to 15e higher; heavies, $11.70©1'2: mixed and mediums, sl2; lights, $11.25; pigs, $10; roughs, $9; stags, $5.50©5.75. Cattle — Receipts, 7<K); market, strong: bulls, steady; calves, $12©12.50. Sheep ami lambs —Receipts, 425; market, steady; ewes, sl©!7; bucks $4.50; choice lambs, $15.50; seconds, sl2; culls, s6©B; sheared iambs, $6©6.50. CLEVELAND, March B—Hogs—Receipts, .4,000; market 5© 10c higher; yorkers, sll.Bo© 11.85; mixed, 11.803/11.85; mediums, sll.Bo© 11.85; pigs, $11(011.25; roughs, $9; stags, $6. Cattle —Receipts, 200 market steady. Sheep and lambs— Receipts, 600; market 50c higher; top, sl6. Calves —Receipts, 250; market 50c higher; top, $12.50. EAST ST LOUIS, March B.—Hogs—Receipts. 10,000: market, 5 to 10c higher: Mixed and butchers, $11,203*11.40; good heavies, $11,203/1150; roughs, $9,253/ 9.75: lights, sll 303/11.45; pigs. SIOO/11.25; bulk of sales, $11,203/11.40. Cattle Receipts, 3,000; market, steady to strong; native beef steers. sß©9; yearling steers and heifers, SB3/9.25; cows, $5,753/6.50; Stockers and feeders, $5,253/7.10; calves, $3.25©11; canncrs and cutters, $2,503/ 3.50. Sheep and lambs—Receipts, 1,500; market, steady: mutton ewes, $73/8: good lo choice lambs, $63/16; eanners and choppers, $1.75®5. EAST BUFFALO, March B.—Hogs—Receipts, 1,600; market, active; yorkers. $123/12.25; pigs, $11.75©12; mixed, sl2© 12.3.4; heavies. $11,500 12; toughs, $9.501/ 9.75: stags, sl3*o. Cattle—Receipts, 100; market, slow steady. Calves—Receipts, 100; market, active anil steady; cull to choice, $43/13.50. Sheep and lambs—Receipts, 600; market, slow steady; choice lambs, $lO3/10.25; cull to fair. $83,, 15.75; yearlings, $83*15; sheep, $33*11. PITTSBURGH. March B.—lingo—Receipts, 1,000: market active and higher: prime heavies, $11,603* 11.75; mediums, $123*12.25; heavy yorkers, $123*12 25: light yorkers, $12,253/12.35: pigs, $11.25 3/11.35; roughs, $9.85: stags, $5.75. Cattle—Receipts, extremely light; market steady. Calves—Receipts, light; market steady: veal calves. $13.50; heavy and thin calves, $5,503*9 50 Sheep and lambs —Receipts, 200: market steady; prime wethers. $93*9.50: good mixed, SB3/8,75; fair mixed, $73*7.75; culls and commons, $2.50@4: choice lambs, sl6. CHICAGO PRODUCE. CHICAGO, March B.—Butter —Receipts, 5,685 tubs: creamery, extras, 35Off/36c, standards, 35c; firsts. 293/31c; packing stock, 15@17c. Eggs—Receipts, 1,570 cases; current receipts 2071:3/2te; ordinary firsts, 193/20c; firsts, 2* 74©22c; checks, 183/190: dirties, 19@20c. cheese--Twins, new. 1874 c: daisies, 1974@19%c; young Americas, 19V.3/20c; longhorns, 213*22c; bricks. 1674©17c. Live poultryTurkeys, 35c, chickens, 28c; springs. 29c; roosters. 18c; geese. 18c; ducks. 28c. Potatoes—Receipts, 61 cars; Wisconsin Round Whites, $1,053*1.75 per 150-ll>. bag: Minnesotas, $1,003/1.70; Red Rivers, $2; Idaho Rurals. $1,703*1.80. CLEVELAND PRODUCE. CLEVELAND, March B.—Butter—Extra in tubs, 43@4374c; prints, 44@4 4 74c; packing stock, 17 @l9c. Eggs—Fresh gathered, northern extras, 20c; extra firsts, 25c; Ohio, 23@24c; Western firsts, new cases, 2274 c. Live poultry—Heavy fowls. 30@31c; spring culls, 24©26c; spring ducks, 27©28c.

GRAIN MARKET TONE IRREGULAR Receipts in Leading Marts Are Liberal. CHICAGO, March B.—Grain prices were irregular on the Chicago Board of Trade today. There was considerable buying of wheat ou dips. Northwest and Winnipeg receipts were liberal and Kansas City had more wheat thin a year qgo. Cash prices were steady. Corn and oats had an easier undertone. Provisions were lower. May wheat opened off c at $1.41% and closed up %c. July wheat opened at $1.19, off 1c and closed up l%e. May corn opened at 63%c, off %c, and closed up %c. July Corn opened at 65 vie, off %c, closing up %e. May oats opened off %e at 41%c and closed off %c. July oats opened at 42%c, off *4c, closing up Vic(Ey Thomson & McKinnon) —March 8— Wheat—Reactionary tendency in Liverpool is again reported as a reflection of the large amount on passage and free offerings from Argentine. Our early market was In sympathy, but recovered later, under buying inspired by export sales of around 2,(4)0,000 bushels Manltobas to tlic Greeks, also, by numerous reports of wind aud (lust storms West and Southwest. Outside of sale to Greece, export market rather inactive, in fact. Winnipeg speaks of moderate reselling and a decline of half to threequarters in premiums for cash wheat. Foreign buyers exhibit more interest in rye, there being rather persistent buying of the futures by seaboard export interests. Interior mills are turning to terminal markets for their supplies, Minneapolis reporting a sale of dark northern spring wheat at 30 cents premium over tiie May. Eastern mills are still taking from the northwestern markets for quick shipment. World's available supplies are some 40,000,000 bushels larger than a year ago, according to Bradstreets’ figure sl . The amount in passage is also quite large. This condition seems to have eased the English markets, hut there is still sufficient demand from other importing countries to prevent the appearance of weakness. The estimate of reserves contains no surprise, being about as estimated. Some in the trade think that the figures given in this report have been discounted by <’ action of prices. This may be true, but we are not inclined to' follow any decline, as the world’s surplus at the end of the year will be small, therefore, tiie new crop outlook will be of material importance. We would not be surprised if the news from the growing crop would bo more inUuential than the export business from this time forward. Corn and Oats There is sufficient improvement in the domestic demand for corn and oats to keep the market for current receipts firm. There is also further talk of export business in oats and reports of around 2(K%niO bushels done in corn. The estimate of farm reserves confirms the belief of enormous eonsumption on tiie farm sine,- harvest. The market should gain s'rength from this confirmation. Unwillingness of tiie farmer to sell tiie balance of his r---serves. together with the breaking tip of count ry roads, will necessitate u culting down of visible accumulations. Provisions -Foreign markets appear to be over-supplied with provisions, cables coming lower and there being some selling here that had (tie appearance of foreign account. Hedging salts, also were In the market. It looks as though prices were high enough, pending a renewal of export business, bui af the same time the position of lingo should prevent aiiy Important weakness. CHICAGO GRAIN TABLE. —March 8WIIEAT - Open. High. Low Close. Mav.... 1.11% 1.13. 1.59% 142% July.... 1.19 1.21% 1.1 v% 1.20% CORN— . Mav ... .63% .64% .62(s .'4% July 65% JHJ% .65% .66% OATS— .... May 41% .41% -41 Al's July 12% .43% .42% .43 I’OUK— _ „ • May 20.70 Ij Me v. 7.. 11.60 11.65 11.52 11.52 July 11. SO 11.80 111.67 1.67 RIBS— May 11.10 'lllO 10.97 VUG July 1"80 10.85 10.67 10.67 K Mav'.... 1.06% 1.00 1.09% 1.08% July 90 .96% .94 "t -W% •Nominal. CHICAGO CASH GRAIN. CHICAGO. March B.—Wheat —No. 2 hard winter. $1 31®1.37%; No. 3 hard winter, $135%; No. 4 northern spring dark, $1.37. Corn-No. 2 mixed, 57%® 59c. No. 2 winter, 59@(i00; No. 2 yellow, 58®59Vc; No. 3 white, 57%@55%e; No. 3 yellow. 56®57c; No. 4 mixed, 55®55%0; No. 4 white, 55®57c; No. 4 yellow, 55® s*k\ Oats -No. 2 white. 39%' 42V4<-; No. 3 white, 37%@10%c; No. 4 white, 35%® 36 %C. TOLEDO GRAIN PRICES. TOLEDO, March B.—Wheat—Cash. $1 15 ® 1.17; May, $1.49%: July, 51.23.-i. Corn —Cash. 64-i 65e. Cash. 42%®44%c. Rye—• Cash, $1.05. Barley—Cash, 67’/®-.

PRIMARY MARKETS. (By Thomson & McKinnon.) —RECEIPTS——March 8. —• Wheat Corn Oats St. Joseph .. 25,000 28.000 Chicago 58,000 1,009,000 358,000 Milwaukee .. 1,000 160,000 87.000 Minneapolis . 293,000 09,000 07,000 Duluth 44,000 183,000 50.000 St. Louis ... 86,000 0.0,000 78,000 Toledo 6,000 28.000 28.000 Detroit 5,000 2.000 S,OOO Kansas City 143,000 PH.OOO 10.0(H) Peoria 11,000 >5,000 45,(HH) Omaha 14,000 73.0(H) 30,000 Indianapolis 3.0(H) 120,000 ls.ooo Totals .... 689,000 1,931,000 703,000 Year ago 018.000 1,769,000 587,000 —SHIPMENTS - Wheat Corn Oats St. Joseph .. 7,000 32,000 Chicago 20,000 1,070,000 220,000 Milwaukee 85.0(H) 108,000 Minneapolis . 150.000 54.000 98,(HH) St. Louis .... 91,000 116,00(1 61,(HH) Toledo 9,000 2.000 Detroit 8,000 Kansas City 267,000 2t,(MH) 36,00(1 Peoria 7.000 93,000 36,000 Omaha 52,000 175,000 10.000 Indianapolis 1,000 17,000 22,000 Totals .... 610,000 1,678.000 594,000 Year ago . 567.000 9,17.000 429,000 —CLEARANCES — Wheat Corn Oats Boston • 40,000 New Orleans 128,000 317.000 New port News 168,000 372,000 Ttials .... 168.000 372,000 Year ago ... 617,000 31,000 INDIANAPOLIS CASH GRAIN. —March 8— Bids for cavlats of grain nnd hay at the call of the Indianapolis Board of Trade were: Wheat—No sales. Corn—Easier; No. 3 white, 60@Glc; No. 4 white, 59©00%c; No. 3 yellow, C0@01c; No. 4 yellow, 593/00e; No. 3 mixed, 593*6(>7ic; No. 4 mixed, 5874© 5974 c. ' Oats—Steady: No. 2 white, 4074@1074c; No. 3 white. 35% ©39c. Hay—Steady; No. 1 timothy, sl7© 17.50; No. 2 timothy, $16.5017; No. 1 light clover mixed, [email protected]; No. 1 clover, $18.50© 19.50. —lnspections—• AA'heat—No. 2 red, 1 car; No. 4 red, 1 ear; total, 2 cars. Corn—No. 3 white, 5 cars; No. 4 white, 10 cars; No. 5 white, 3 cars; No. 2 yellow, 1 car; No. -3 yellow, 3 cars; No. 4 yellow, 5 cars: No. 5 yellow, 5 cars: No. G yellow, 1 ear; sample yellow, 2 ears; No. 4 mixed, 2 cars; No. 5 mixed, 2 cars; No. 0 mixed, 1 car; total, 40 cars. Oats —No. 2 white. 4 cars: No. 3 white, 9 cars; No. 4 white, 3 cars; total, 16 cars. Hay—No. 2 timothy, 1 car; No. 2 light clover mixed, 1 ear; No. 2 clover hay, 1 car; total, 3 cars. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Ha*"—Loose timothy. slG®l7; mixed hay, sls@lG; baled hay, $16©17. Oa* — New, per bushel, 40©j420. Coin —New, per bushel. 55©60c. Co'**—Old. per bushel, 53©G0c.

In the Cotton Market

NEW YORK, March 8. —A better tone prevailed at the opening of the cotton market today, prices showing gains of 6 to 16 points, partly in response to numerous private cables announced and improved outlook for trade at Manchester. Japanese interests sold October, but New Orleans, Liverpool, Wall street and ports were buyers. After the start the list remained on local buying in anticipation of a bullish weekly weather and crop report and at the end of the first quarters of an hour was about seventeen points net higher. NEW YORK, March B.—Opening cotton prices: March, 18.30 c; April, 18.05 c bid; May, 18.08; July, 17.35 c; October, 16.72 c; January. 16.32 c; December, [email protected]. ofiK9o Ilia.. The market was firmer in the late dealings, closing at a net advance of 21 to 33 points. —March 8. — Open High Low Close January 16.32 16.50 16.30 16.48 March 18.29 18.48 18.27 18.41 May 18.08 18.20 17.96 18.16 July 17.35 17.53 17.29 17.49 October 10.72 16.89 16.68 16.85 December 16.53 16.25 10.53 16.63 —Cotton Review— NEW YORK, March 8. —The important points in the cotton market at this time are the improvement iu business going on at Manchester, the strength of the spots situation in the South, the delay in new crop preparations and the small amount of fertilizer that has been purchased up to the present time, this is of the utmost importance because without the use of

Laporte County, Indiana Tax Exempt 6% Drainage Bonds Dated, December 15, 1921. Denominations, SSOO and $396.24 First interest payalilc December i-.i, 19*22, and semi-annually each June 15 and December 15 thereafter 1 These bonds are exempt from all Federal income taxes, both normal and surtax, and frefl from all Indiana municipal, state, county and local taxes. MATURITIES AND PRICES $25,396.24... .Dec. 15. 1922 <a) 100.38 $25,396.24... .Dec. 15, 1927 <a> 102.46 $25,396.24... .Dec. 15, 1923 O 100.84 $25,396.24... .Dec. 15, 1928 (a) 102.79 $25 396.24 Dec. 15, 1924 G) 101.28 $25,396.24 Dec. 15, 1929 (a> 103.13 $25,396.24... .Dec. 15, 1925 (a> 101.69 $25,396.24... .Dec. 15, 1930 (a) 103.45 $25,396.24... .Dec. 15, 1926 (a) 102.08 $25,396.24... .Dec. 15, 1931 <a> 103.7 j accrued interest to be added. * Yielding to the Investor This improvement, known as the Dixon Place Ditch, supplements what lias already hceii done in straightening the Kankakee River. The work starts near the head of the river in St. Joseph County, n few miles from South Bend, and extends down to the west line of Laporte and Starke Counties, where it will connect with the Marble I owers Ditch. The total cost of the improvement is to be $426,291.26, of which $172,321.(3 has been paid in cash, leaving an amount to be raised by this bond issue of $253,962.48. 293 000 acres of farm land, of an average value of SSO an acre, assessed on an averge $1.35 an acre. The assessments vary from $9.00 to a few cents an acre. The assessments are collectible in the same manner and at the same time as general taxes, and collection is enforced by tax sales of land in case ot non-payment. There are approximately 7.;>00 land owners whose property is assessed for this improiement and about 3,000 of whom live within the assessed area. The population is entirely rural. This Company has handled large amounts of Indiana drainage bonds with uniform satisfaction, and without the slightest delay in the payment of principal or interest. Consequently, we offer this issue without reservation. Offered subject to delivery and approval of Messrs. Matson, Kane & Ross, Indianapolis. Fletcher American Company SECOND FLOOR FLETCHER AMERICAN BANK BLDG. f i MM\\ INDIANAPOLIS reA Jt/ CHICAGO 111. DETROIT. MICH. SOUTH BEND, IND. LOUISVILLE, KY. 105 S. LaSalle St. 520 Dime Bank Bldg. 402 J. M. S. Bldg. 303 Inter-Southern Central 4190 Main 5203 Lincoln 1731 Bldg. Main 3342 Orders may be telephoned or telegraphed at our expense. Licensed Dealer Indiana Securities Commission CerAu'su.temonts herein are official or based on Information we regard ss reliable, and while wv- do not guarantee them they are the data upon which we have acted in the purchase and valuation of this issue.

What Would You Think of a Dentist 4j Who Hade Yon a Plate With One Tooth? """ You can wiggle thru a meal with one tooth, providing your time is of no value —you can also advertise in one newspaper if you don’t care how vou spend your money. THRIFT HAY is every, day for TIMES WANT AH users. HOLLARS SAVEH for those who take advantage of the bargains offered daily in the W ant Ads Hollars gained for those who advertise their wares in the TIMES WANT AHS. If yon are interested in saving money or making money “SAY IT WITH A TIMES WANT AH.” Are you bringing out RESULTS by cultivating the field of possibilities more intensively? If your offering is good Times readers will buy it. Our total Circulation of approximately 52,000 is backed by a City and Home Oelivered Circulation of 35,000, 70% of which is exclusive. Why not address your offerings to them. You CANNOT reach them except thru the Times. Call MA in 3500 Classified Department —and—- “ Say It Will a Times Want Ad”

LARGE PART OF CORN CROP IS ON FARMS

WASHINGTON. March B.—The Department of Agriculture today made the following estimate of crops in the United States on March 1. as reported by its field representatives. The amount of corn on farms on March 1. 15122, was about 1,313,120,000 bushels, or 42.6 per cent of the 1921 crop. About 19.2 per cent of the crop will be shipped out of the counties where grown. The amount of wheat on farms March 1. 1922, was about 131,136.000 bushels, or 16.5 per cent of the 1921 crop. About 61.6 per cent of the crop will be shipped out of the counties where grown.

ample fertilizer a satisfactory crop in the eastern belt is impossible, no matter how favorable the weather uiifcht be. The Mississippi River is rising. During the past week there has been a rise of two feet at Memphis and five feet at Vicksburg. This is matter that may become verv important, because in the event of overflow, it will mean that much more delay. The demand for contracts here has been increasing and we anticipate a continuation of this with a reasonable likelihood of higher prices in the near future. LIVERPOOL, March B.—Spot cotton was in good demand today. Prices were firm niul sales around 7,000 bales. American middlings, fair. 12.21d; good

The amount of oats on farms March 1, 1922, was about 404,461,000 bushels or 38.1 per cent of the 1921 crop. About 23.8 per cent of the crop will be shipped out of the counties where grown. The amount of barley on farms March 1, 1922, was about 40,950,000 bushels, or 27.1 per cent of the 1921 crop. United State price comparisons for March 1, are: Corn, 54.8 this year, 64.5 last year. Wheat, 116.9 this year; 147.2 last year. Oats, 36.6 this year; 41.9 last year. Barley, 49.6 this year; 56.8 last year. M

middlings, 11.16d; fully middlings, 10.81d; middlings, 1.16d; low, 9.66d; good ordi-. nary, S.Sld; ordinary, 8.31d. Futures were firm. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today were paying $1.33 per bushel for No 1 red winter wheat; ..1.32 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, March B.— Cloverseed—Cash, $16.15; March, $16.15; April, $14:40; October, $12.00. Alslke—Cash. $12.30; March, $12.30. Timothy—Cash, $3.17%; March. $3.17%; May, $3.27%; September. $3.50.