Indianapolis Times, Volume 34, Number 267, Indianapolis, Marion County, 20 March 1922 — Page 11

STOCK PPICES SOAR TO HIGH LEVEL OF YEAR Lower Rates for Time Money Provide Best of Accom- j modations. MARKET FUTURE BRIGHT Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YOHIv March 20.—Tie week closed with stock prices at tbo highest point la more than a year; with bond prices at new high levels generally and with the lowest rates for time money which have been seen in several years. Whether the majority opinion in Wall street accepts these Ss proof of the existence of a genuine bull market or not, they are facts which exercise a pro- | found effect. The number of issues traded in has exceeded that of more than a year. With this broad background which is the development of months rather than th* sudden change of a day. Wall street is registering, whether accurately or not, its belief that future j business and industrial prospects are bright. • " It Is the fashion at the moment to attribute snetf advances have occurred to the activities of speculative groups and to decry the absence of public participation In the market. It is tree that ' speculative groups have primarily been responsible for many of the advances in j ■ imitations which have been recirded.j This has been true of every bull market in the history of Wail street. These be- j winnings are experimental, and the 6pee- i ulator is willing to take the chance in buying securities when the public does not want them, depending on th accuracy of his Judgmenet of future events to soil them when the element of risk has dwindled and the public is willing to absorb his offerings. Such markets as have been in evidence in the last week could not exist without the sanction of the banking element. It has become evident to the most skeptical that powerful economic forces again are coming, into play. The artificial barriers of leg- j isiation arc interfering with and delay- ! ing the operation of these natural laws. 1 but cannot prevent their functioning. IRREGULARITIES BETWEEN MATERIALS AND MARKET. There are many irregularities In the , relations of the cost of raw materials; and of the retail prices of the finished j product. There is evident on the part ; of the consumer a desire to buy necessi- | ties where prices are fair. It has be- . come equally evident that be will not buy unless the represents fair j value. The difference as to what Is or : is not fair value is in large measure responsible for the spotty condition of retail as reported by the commercial agencies. That readjustment is proceeding and that business and industry are quickening is showing more clearly each week by the gains in bank clearings and by ! the Increased car loadings reported by j the railroads. An increase In the price of steel product* during the week is a straw indicative of the direction in which the wind In that trade is blowing. Care has been tak' n not to over-estimate' a moderate increase in the demand for steel products, but that demand has in--f.v-ed is the heartening feature of recent trade reports. For the whole Indus'ry, production ii estimated at from 55 to GO per cent with slightly under the higher figure for the l oited States Steel Corporation. Spring demand has i not yet shown itself clearly, recent buy- ! ing being partly a reflection of that demand and %mrtly a precautionary measure against the threatened coal strike. Government intervention has not sueeroded in bringing a definite a-suranee that the strike will not occur. The supply of coal has been estimated as sufflient for at least three months, and there is a feeling in influential quarters that on tinned nnscttlement in the mine fields should be ended by bringing to a definite •onelusion. the issues of unionism and the open shop.

MONEY RATES REMARKABLY LOW. The money market has shown remarkable relaxatim. The week closed with call funds at 3 per cent on the New Y'ork Stock Exchange and 2% per cent in the “outside” money market and with time money at 4 p**r ren: for thirty-day loans on all industrial collateral. 4% per cent vn sixty-day loans and 4% per cent on three-month loans. These rates for time accommodations have not been seen in several rears. Commercial paper also •vas shaded, the average rate having aeen to 5 per cent, with an occasional 'ransaction recorded at 4% per cent. .','hether temporary or not as a result f the inflow from .out-of-town instituions and from local and Governmental • urces incidental to deposits following icome tax payments, the situation is . mpathetie of a convalesging economic •sition. The supply ha* far exceeded tnand. but large problems loom in the rm of new financing both at home and • road. In view of contemplated loans, inkers are not encouraging long date eommodntions. The attitude of caution which has larked developments in the banking and aercantile fields is characteristic of the imes and is in marked contrast to that which obtained only two years ago. Passing of the dividend on the common stock of the Crucible Steel Company may well cause holders to wonder whether they really benefited when they were given two pieces of paper instead of the one they possessed attesting their ownership of the property. The same tendency toward conservatism is noted it the change in the basis for payment ■ f the Great Northern preferred from a quarterly to a semi-annual payment. The securities directly concerned suffered harp losses, but in neither case was the general market unsettled. In the Great Northern case the company will not pay . anything before midsummer, by which rime the Burlington will nave paid its dividends into the treasuries of the Great Northern and Northern Pacific. By 1 >hat time the crop situation can be more accurately g.taged. COPPER SU PPLIES FEATURE OF WEEK. One of the features of the week was supplied by the copper Industry. Reports that sales this month to date have (>een between 75,000,000 and 80,000,000 pounds came as a distinct surprise to the general public. The Copper Export Association estimates exports in the sam period at 40.000.000 pounds. The price for immediate delivery has held at 13 cents per pound and for April-May shipments at 13% to 13% cents per pound. Bhares of the copper companies have felt the impulse of the bitter situation and have reflected this improvement in their prices. Car loadings continue to reflect heavies traffic. In_ the week ended March 4, 803.255 cars were loaded with revenue freight, according to the figures of tha American Railway Association. This was an increase over the previous of 87.969 and over the corresponding week of last year of 91. SS cars. Merchandise and miscellaneous shipments necessitajted the use of 468,195 ears again of 54,931 cars. After reacting to new low levels below $4.28 sterling exchange scored a sharp recovery, it is impossible to determine to what extent speculation plays a part in the wide movements of exchange rates. That it plays a very considerable pars is generally known, but recent figures of world imports and exports in themselves are sufficient reason for the very substantial advances which have .occurred in most of' the standard currencies.—G’opyright, 1922, by Public Ledger Company.

Viclories Soar NEW YORK. March 24< Victory 4%'s bonds rose to anew high record today during forenoon trading, touching $100.96. —.

N. Y. Stock Exchange

(By Thomson & McKinnon.) i —March 20— Prev. High. Low. Close, close. Ad-Eumely com. 16 >4 16% 10% 16V4 Ajax Rubber.... 17% 10% 16% 17% 1 Allied Cliem 04 63 03% 04 Allis-Chalmers.. 47 40% 47 46-?4 Am. B. Sugar... 43% 42% 43% 43% Am. B. Magueto 45% 43% 44% 40% Am. Can 46% 45 40% 40% Am. C. Fdy 154 153% 154 154 Am. Ice 11% 106% 11% 100 Am. 11. it L.pfd 71% 70% 71 71% Am. Inter. Corp 43% 43% 43% 45% Am. Loco ~ 100% 108 100 108% Am. Steel Fy... 33% 33% 33% 33% Am. Smelt & Ref. 53% 52% 53 53% Am. Sug. Ref.... 73% 72% 72% 73% j Am.S.Tob. C 0... 33% 31% 32% 34 Am. Tel. & Te1.,122 1 . 121% 121% 122%: Am. Tobacco ...137' , 130 137% 137 Am. Woolen 88% 87% 87% 88% Anaconda 52% 51% 51% 52% Atchison 98% 07 *07% 07*4 At. Coast L..... 90 00 OO' .... At. Gulf &W. I. 20% 28J4 20% 30 Austin Nickels. 20% 25 20 20% Baldwin L0c0..107% 105% 107 107% B. A 0 30% 37% 38% 3.8 Beth. Steel (B) 07% 04% 07% 04% Brook. Rap. T. IS 10% 10% 18% California Pete. 52 51% 51% 52 Can. Pac. Ry... 137% 130 136% 130% Central L 35% 30% 37% 38% •Chandler Motor 72% 71% 72% 74% C. A 0 62% 01% 02 01% CMASt I* com 23% 23 23 20 , CMASt. I*, pfd. 38% 37% 37% 37%' Chi. A North.. 72% 70 71 09% C. R. I. A I*.. 41% 40% 41% 401 , CRIAP. 6 r o pfd. 79% 79% 791.; 79!s CEWfcP 7Co pfd. 92% 92% 92% .... Chili Copper .. 18% 17% 17% 18 C. C. A St. L. 04% 1.4 04 63 duett A P. .. 56% 55% 50% Chino Copper... 28% 28% 28% 28*4 Oolum. Gas 84% 81 82% 85 Coca Cola f..... 45'.. 45 45% 45% Coi. F. A Iron 31% 29% 31 30 C Ojt. C, as 109% 107% It**; no Con. Can 63% 01% 02% 03% Corn Prods 104% 103% 104% '104% Crucible Steel... 57% 55% 57% 53% Cub. Am. Sugar 25% 24% 24% 25% Cub. C. Sugar. 17% 10% 17% 17% 1 Del. A Lack.... 115% 114% 115 114% I Dome Mine 26% 20% 20% 26% i Erie 11 10% 11 ' 10% i Erie Ist pfd.... 17% 17 17% 17 I Endlcott & J.... 84 82% 83% 83% I Kam. Plays.... SO'; 7'."-, 80% 80%' Fisk Rub. C 0.... 17% 16% 10% 17 I General Asphalt 60% 60 60% 60% General Cigars . 69% 69% 69% 70 Gen. F.leet 156' . 156 156 150 Gen. Motors . l'l% 10% 10% 10% Goodrich ...... 40% 39% 40 SO ~Gt. North, pfd. 75% 74% 74% 74% tit North. Ore .37 35 % 36% 35% Gulf States Steel 73% 71% 73% 73% Hupp 15% 15% 15% .... Houston Oil .. 75% 74% 75% 76 Illinois Cent. .101% lot 101 101 Indiahoiua ..... 3% 3% 3% 3% Inter. Har 9.5 91% 91% 94% Inter Nickel .. 15% 15 ’ 15 15% Inter. Paper. 45 44% 45 44% 1 Invincible OH .. 16% 17'. is% ls% 1 Kan. City South. 26% 25% 25% 25% Kly - Sprng. Tr. 46% 44 ' 44% 43% Ken. Copper .. 31 30 30% 30% I.ackawana Steel 50% 48% 50% 49 ; Lee Tr A Rub. 34% 33% 33 31% Lima Loco %>l% loi lot 104 Lehigh Valiev.. 0 % 59% 6o 58% IL. A M 113% 113 113% ...: | Loews, ine. ... 16% 16 16% 16% ‘ Martin A Parry 28 27% 27% 28% . Marine c0m.... 16% 16 16 15% ’arine pfd. ... 71% 71 71 7! * lay Stores 112% 112% 112' 113 Maryland OH .. 27 26% 26% 27 I Mexican Petr0.,123% 120% 121% 122% 1 Miami Copper.. 28% 28% 28% 28% i Middle States O. 14% 13% 14% 14 ; Mivala. Steel ...34 32% 34% 32% i Missouri-P. Ry. 22% ’22% 22% 21% | -M. I*ac. Ry. pfd. 55 54 51% 51% • Mont. A W. .. !6% 16% 10% 16% j National Lead.. 99 90 9* .... : Nevada Con. C.. 15% Tl% 14% 15% jN. V. Air Brake 63% 63% 63% |N. V. Central... 88% 86 88 86% New Haven 18% \7 r/ 17;% Norf. A We5t...102% 101% 101% 101% North. Pacific.. 78t, 77%. 75% ss", Okl. Pro. f Ref. '2 , 2% 2% 2% Owen Bot. com. 32 .31% 32 32 Pacific Oil 49% 49% 49% 49% Pan.-Am, Pete. 50% 55 56 56% Pentgi.'Ry 37% .37 .37%. 37% People's jas.... 83 82% S2 ;: , 83% P.-re Marquette. 28 27% 27%. 27% Pierce-Arrow.. 17% 16% 17 17 Pierce Oil ~ 9% 8% s% 9% Pulinn Pal Car. 119% lls% lls% 118 . Pure Oil .33% .32% .32% 33% | Ry. Steel Spgs. 96 96 96 ! Reading 75% 73% 74-i, 74% ltfp. Irn. A Steel 52% 51% 02 \ 51% j Replogle Steel.. 31% 30 31 % 32% ; Rvl. I>ch. N. V. 53% 52% 53% 55 . Sears-Roebuck.. 71% 70 71% 72 : Sinclair 25% x 24’4 21% 2.% Sloss-Sh. S. AI. 43 41 42' . 40% South. Pa. . 87% 86% 87 * .80% South. Ry 22% 21% 21% 21% Sf. Louis AS. W. 29% 28% 28'- 28'-£ Stand. Oil, N.J.174 173 * 173 - 175* St. L. AS.F. c. 28% 2H V 28% 28 ■Stewart A War. 36% 36 36 .... Strotn. Carb. .. 47%- 46% 47% 48% Studebaker 102% 101% 102", 102% Tex. Gas A Sul. 44% 42% 43 44% Tex. Coal A Oil 26% 26% 26% 27 " Texas Cos 44 ; . 44 44% 44% Texas A Pacific .33% .32% .32% 33% i Tob. PrV 63 02% 62% 03% Trans. Oil 10 9% 9% 10 I'nion Oil 19 18% 18% 1,8% Union Pacific ..135', 1.31 134 • 134% ! 1 nifed Drug.... 70 711 70 1 S. It. Stores. 46% 46% 46*4 46% I'. S. Castiron P. 36% 35% 36% 36 >4 ■C. S. In. Alcohol 48% 47% 47'. 47’ S. Rubber..., 63% 61% 63 * l£{% j -8 Steel *95% 94% 95% 95 c !r. S. Steel pfd..117% 117% 117% 117% Utah Copper 65 <21% 64% 61% ! Vanadium Steel 39V, 38 " 38% 39% Wabash 8% s% .s'.. 8% Wabash Ist pfd 26', 25% 25% 26 Wilson A C 0... 4040 40 .... Worth. Pump .. 52'% 50% 51 % 50 Western Union 97'" 97% 97%. 97% West. Airbrake 81% 81 * si * si West. Electric.. 57% 57 57 57% White Motors.. 41% 40% tji; 41 Willy s-Overland S'- 7% 8%/ 7% j Wh'te Oil 10% 10 10% 10V. Wcolworth 1.51% 151% 151% 150% •^Ex-dividend.

NEW' YORK LIBERTY BONDS. —March 20. I’rev. High Low Close Close r.. B. 3’ 97.38 97.30 97.38 <17.23 j L. B. Ist 4s .... 07.00 07.84 07.‘.K) 1)7.70 !.. B. 2nd 4s 07.70 I 1.. B. Ist 4’,s .. o*.lt> 07.00 OS. 1 95.00 1.. It. 2nd 4>,s .. 07.0$ 97.84 1)7.00 07. M) 4’is .. as.os 95.54 as.sc os.oi L. B. 4th 41., s .. 9.8.20 98.08 98.1s os.oo Victory 3%s 100.00 100.02 100.02 1(4100 Victory 4%s 100.98 100.80 100.00 100.88 CHICAGO STOCKS. • (By Thomson & McKinnon.) —March 20— ; Open. High. Low. Close. Ain. Ship 75 Armour* Co.pf 90 Ar. Leather.... 12% 12* 12% 12', 4 CC&CConnßyspf 7", 7% 1% IVi Com. Edison ...123 125 123 125 Cont. Motors.... 6% 7% 6% 7 Deere * Co.pfdd 71 Vi Earl Motors 3 YX--5d95.. . aoin shrdio cmfwyn pun Li bby- Me V"in... s'i r,f. 5* Mont. Ward.... 16% 16% 10% 10% Pick &Cos 24 24 23% 22% Pigly.Wigly. A. 39 39Vi 38% •:$% Stew. Warner... 36% 367s 36 36% (Swift & Cos 105 Vi 105 Vi 105 105 Vi Swift Intel 22 Thomson U.K.) 447i 44 Vi 43V a 43 Vi Teuttpor Cora A 2% C.Carbl. ACarbo 54% 54% 53':. 33% Waal 67% 68 07% 68 Wrisley 107 Yellow Taxi 68% 6S7s OSV, \EW CORK PETROLEUM. NEW YORK, March 20.-*Petroleiun prices were steady in trade on the market here today, Pennsylvania crude selling at 33.25 per barrel. NEW YORK HIDES. NEW YORK, March 20.—Hides were quiet in trade on the market today, native steer hides selling at 12%c and branded steer hides at 11 Vic per pound. NEW YORK WOOL. NEW YORK. March 20.—W00l prices were strong on the market today, with trade active. , NEW YORK TURPENTINE. NEW YORK, March 20.—Turpentine sold at 85c per gai.on on the market here today.

STOCK MARKET CLOSES STRONG Steel Shares Especially Strong in Final Trading. NEW YORIv, March J2O. —The stock market closed strong today. * • Active buying of the steel shares was the feature. Bethlehem St tl “B’’ was in large demand, advancing over 3 _points to 67%, while United States Steel rose over 1 point to 94%, and upturns of from 1 to 2 points occurred in the other steel shares. Mexican Petroleum rallied over 1 point to. 121% and fractional recoveries took place in' the Rubber and Motor stocks. New York Central Yielded over 1 point to 88% and Northern Pacific fell from 78%. to 75%. Government bands were unchanged and railway and other bonds were strong. Total sales of stocks for the day were 1,220/810 shares; bond sales, $10,004,000. (By Thomson A MclCitnon) —March 20— When our market opened this moraiifi; ihi-re was absence of influential and mar-ket-making news. About the only thing that we'had of any consequence was a number of reviews of particular industries, particularly of steel and copper and on both instant es the views expressed were decidedly optimistic. Attention was called to the gradual increase in the production of steel and iron an done author claims that production now had reached and possibly exceeds the pre-war volume. The reviews on copper mention the fact that approximately 100,4X10 pounds of the metal were sold during the first seventeen days of month, about half going for expbrt and the other half to domestic consumers. In market circles the question of most importance involved the technical position of the market and there was u decided sentiment, especially in professional circles, that a reaction was in order. Upon 1 his theory many of the local element took the selling side of, the market and a considerable volume of gelling orders appeared from commission houses. These orders were confined mainly to the industrial lost. In the rails.'there was a distinct movement of a rather impressive character for a number of railroad issues, particularly New York Central. The net result was a highly irregular mltvket. Considering the fact that we are approaching the date When the coal strike i to begin, there is I’kely to be a greater disposition on the part of the public to accept profits on long stocks and this may serve to give us further Regularity for a while. m twenty stocks average. NEW YORK. March 20—Ttrenty industrial stocks last Saturday averaged 88.47, up .01 per cent. Twenty active rails aveij- : aged 79.53, tip .25 per cent. CLEARING HOUSE STATEMENT. NEW YORK, March 20.—Exchanges, $377.400.000: balances, $62.41)0.000. Federal Reserve Bank credit balances, $57,000,000.

Money and Exchange

Indianapolis bank clearings Monday were $2,324,000; bank debits, $4,785,000. NEW YORK, March 20.—The foreign exchange h irk<-t opened steady today, with demand Steriilig 2%c lower at $1.57*;. Francs yielded S centimes to ' !*s- for cables* and ~8.95%c for checks. I.ire were % of a point higher at 5.06 c for cables and 5.<>5%c for checks. Belgian francs were 13 continue* lower jat 5.42 c for cable-vaml s.4i%e frfr checks. Marks yielded 1% points to .0933%c. Guilder cables were 37.88 c cables aud 37.87 c for checks. MOT-'H SECURITIES. (By Thomson A McKlnuotJ —March 20— —ClosingBid. Ask. Earl Motors 33% Packard coin 6% 6% Packard pfd ; 68 7u , Peerless 35 36 Continental Motors com 6% 7 Continental Motors pfd 84 90 Hupp com 15% 15% Hupp pfd 1.... 90 Ron Motor Car 19% 20 Big ’I M' -.TS 2% 2% Grant Motors % 1 Ford of Canada 30% 30 National Motors .' 1% 2 Federal Truck 16 19 Paige Motors 18 20 Republic Truck 5% 5% ACTIVE OIL STOCKS. (B> Thomson A McKinnon) —.March 20— —Opening— Bbl Ask. Anglo-American Oil 17% 17% Atlujltlc Lobes 0% 10% Borne-Scrymser 350 370 Buckeye Pipe Line 90 93 Chesehrougli Mfg. Cone 185 195 Continental Oil. Colorado... .130 135 Cosden Oil and Gas 5 8 Crescent Pipe Linos .33 35 Cumberland Pipe Line....... 140 150 Elk Basin Pete 6%. 0% Eureka Pipe I.ine 93 96 Galena-Signal oil, pfd 103 105 Galena-Sjgnal Oil, com 44' 45 Illinois Pipe Line 175 185 Indiana Pine Line 102 107 Merritt Oil* 11% 11% Midwest Oil 2% 2% Midwest Rfg 170 180 National Transit 27 28 New York Traimlt 175 iso Northern Pipe Line 105 110 Ohio oil 271 277 | Oklahoma P. A It 5% 6 i Pen.-Mex 26 28 Prairie Oil and Gas 550 565 Prairie Pipe Line 230 235 Sapnlpa Refg 33% Southern Pipe I-jne 97 100 South Penn. Oil 180 185 Southwest Penn, ripe Lines.. 60 fi.\ Standard oil Cos. of Ind B*-% Bsv; Standard Oil Cos. of Kan 540 560 Standard Oil Cos. of Ivy 47.8 490 Standard Oil Cos. of Neb 165 175 Standard Oil Cos. of N. Y 375 .380 Standard Oil Cos. of Ohio ....395 405 Swan A Finch 40 50 Vacuum Oil 35" 360 Washington Oil 25 30 NEW YORK Cl Kit MARKET. (By Thomson A McKinnon) —March 20— —Closing— Bid. A:l. I Acme Packing 25 45 1 Curtis Aero com 4% 5 Curtis Aero pfd 22 28 Goldfield Con 3 6 Jumbo Extension (2 1 5 International Petroleum...... 15% 16% Xipissing 6% 7 Standard Motors 4% ' 4J4 Salt Creek 13% 14 Tonopah Extension 1% 19-16 Tonopah Mining 1% 115-10 United P. S. new 1% 1% U. S. Light and Heat 1516 17-10 V. S. Light and Holt pfd.... 1 1% Wright-Martin 2 5 Yukon Gold Mine Cos 1 1% Jerome 35 40 New Cornelia 17% 18% United Verde .* 28 30 Sequoyah 3 10 Omar Oil 1% 13-16 Rep. Tire ■ 30 50 Boston A Mont. 47 48 Kirby Oil "IVi 24% NEW YORK SUGAR. NEW-'YORK, March 20.—Raw sugars were steady on the market today. Culms befog quoted at 4.11<- per uound, duty papld. and Porto Kteos lit 3.98 e per pound, duty free, delivered. Refined sugars were also strong, with fine gran- ; ulated selling at .T.30!5i5.50c per pound j and No. 1 soft at 5.20<jj5.40c. NEW YORK COFFEE. NEW YORK. March Qo Coffee values were steady in trade on the market here today, opening options being 1 point lower to 5 points higher. Rip No. 7, on spot, sold at 9%(5 9%c peri lb. NE)V YORK RICE. NfeW YORK, March 20.—Rice was firm on the market today. Domestic was quoted at 3%@7%c per pound. NEW YORK METAL MARKET. NEW YORK. March 20.—CopperQuiet: all positions' offered 12%c. Lead —Quiet; all positions. 4.70@4,75c. Spelter—Steady; all positions, [email protected].

INDIANA DAILY TIMES, MONDAY, MARCH 20, 1022.

CORN AND WHEAT MAKE ADVANCES Oats Fail to Recover From Initial Losses. CHICAGO, March 20.—Grain prices were irregular on the Chicago Board of Trade today. There was a general commission house selling of wheat on resting orders. There was a little scattered selling of corn, but support was lacking. Provisions were irregular. May wheat opened off %c at $1.28%, closing unchanged. July wheat opened offl'/sc at $1.20 and closed up l%c. May corn opened off %>c at 61%c*and closed up %c. July corn opened off %c at 64%c, closing up %c. May Oats opened at 38%c, off %c, closing off %c- July oats opened at 40%e, off %c, and closed off %e. (By Thomson & McKinnon.) —March 20. Wheat—Very large world’s shpments and an increase in the amount on passage have—given an easy tone to foreign markets, Liverpool especially. Values here have been moderately sympathetic, but downward tendency kept in lie' k by a sloyvly improving domestic situation. The foreign demand for old wheat is inactive, but central Europe is again named as a buyer of the new crop. United Mates virietles. The improvement in the domestic situation is shown in the falling off of. receipts and in considerable Strength for choice milling wheat, both in Northwest and !%mthwest. Visible Supplies of States and wheat at United States points decreased two million bushels for the weak. It will not lie lo ig before the trade will become decidedly more interested in the outlook for the ne werop and new commitments will be placed in the July and the September while the May delivery will tie more a matter of evening up of previous contracts, it must be kept strongly i" mind that the crop of winter wheat started the winter in poor condition, passing through an extended period of drought in ail probability the growth secured during the fall was not sufft clout to make the plant vigorous, tn other words, ideal conditions must prevail constantly until harvest time, in order to secure anything like satisfactory results. A few days of bright warm weather will tine nor deficiencies in the plant and it Is practically a foregone conclusion that we will receive numerous complaints. With the world’s supply ol old wheat a debatable question with no autturities claiming any burdensome surplus the market will be peculiarly sensitive to unfavorable now3 from t'u* Southvest. For these reasons we .look with favor Mpon the Investment sine of the Jtfly and the September. Corn and Oat* —The falling off In the movement of corn from the country is being offset by a lull in the, export demand and no improvement in the domestic situation. There is an undercurrent of friendliness, but a dlspesl iun to await decrease in the visible supply, these will, undoubtedly appear very soon. At the moment both i;orn and oats are some whut neglected and under the influence of wheat. Provisions —Liverpool lard prices developed another sinking spell and there was selling of lard in Ibis market which seemed to lie for foreign account. Demand lias been mainly from investment sources with values of all transactions light. Accumulations of products at Western points and the movement ot hogs to •Western markets are too small to suggc.-% any serious weakness in the sub • structure of this market. CHICAGO GRAIN TABLE. —March 20WHEAT — Open. High. Low. Close. Mav 1.3.8% 1.28% 1.T.0p, 1.38% ' July 1.20 1.21% 1.19 s 1.21% : CORN—- ! May 61% ,02_ .61% .62 July 04% .OFs .03% .04 s j U.VIB July 40 s, .40%- .40,1, ;pork—i * May 20.00 Laud— May.'... 11.15 11.25 11.15 ll.li July ... 11.42 11.45 11.35 11.37 lit Bis - May.... 10.80 10.80 10.70 10.80 July 10.27 10.27 10.25 10.27 It) K May.... 1.07 107 1.05% 1.06% July 97 .98 .97 .98 •Nominal.

CHICAGO CASH GRAIN. CHICAGO. March 20. WliAt No. 4 red. $13.;; No. 1 hard winter, $1.30%; 1 No. 2 liar 1 winter, $1.33fe1.!;%; N>. 5 I hard winter, $1.24%; No. 4 northern' i spring, tl.lft; No. 1 northern spring, ' j dark, sl.l $; No. 3 mixed, $1.33. Corn- - ; I No. 2 mixed, 57%'n59e; No. 2 winter, 1 01%'<;.02e; No. 2 yellow. 597>ifeOOe; No. 3 mixed. 57%®08%C; No. 3 white, t K<( iO ,■ . No. 3 yellow, ss%fes;tc; No. 4 mixed, A* l * • (11.58 c: No. 4 white. 59c; No. 1 yellow, 57 , • fttss%c. Oats—No. 2 white, 2s I ,'o 111%. , No. 3 white, 36fe3U%c; No. 1 white, 31 1 . Stic. TOLEDO GRAIN PRICES. TOLEDO, March 2D.—Wheat Cash, 11.45fe1.17; May, $1.10%: July. $1.21%. Corn -Cai.it, 63fe64<\ Oats—Cash, 42'u. 14c. Rye—Cash, $1.05. Barley -Cush, I 67e. PRIMARY MARKETS. (By Thomson A McKinnon) —March '2o—Wheat. Corn. Oats. St. Joseph.... 43.144) -ll.tKs! 2,000 Chicago • 47,il 168,000 150.01)0 Milwaukee ... V,)4> 74.000 150,(K4) 1 Minneapolis . 30! 000 47,0 n) 7!',tN<) Duluth !)I INK) 50,000 O.(HK) St. Jmutg .... 138,000 .19,000 120,000 i Toledo 1,0(N) 5,1 441 | Detroit 6,000 18JIOO 8,000 i Kansas City.. ICS.imni 04,(44) 19,0001 Peoria 5,000 63, UUP 56,000 Omaha 72,'NNt 4217,(NNt 36.000 j Indianapolis... 1,000 20,000 22.000 I Totals 861,000 582,(41 654.4K10 Year ago.. .1,137.000 1,326,060 781,000 —Shipm<?nts- I Wheat. Corn. O*^*. St. Joseph..., 6,000 14,000 2,090 Chicago 94.000 071,(44) 310,000 Milwaukee ... 3,000 63,000 62,000 Minneapolis . 100.(4)1) 35,000 139,000 (Duluth ....... 12,000 j St. Louis 58.000 61,000 38,000 | Toledo 8.000 1,000 10,000 Detroit 4,000 fpOOO Kansas City.. 217.00i 19.014) 2t,u4> Peoria 0.000 4.8.000 94,000 Omaha £3,0.4) 109,000 22,090 Indianapolis 14,000 Totals ..... 531,000 1,036,000 845,000 Year ago... 636,(44) 730,000 486,000 j —Clearances— Wheat. Corn. Oats. 1 o-.ton 40.000 Philadelphia . 45.000 61,0(4) j New Orleans. 90,(410 201,140 I Totals 175,000 265,000 Year ag0...2,239,000 301,000 INIDANAFOLIS CASH GRAIN. —March 20Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat —Pirtnc No. 2 red, $1 45(5 1.47. Corn —Firm; Xu. 3 white, 02 1 j(V/I%c; No. 4 white, 61%fe62%e; No. 3 yellow,. *>l/j('t.62V4c: No. 4 yellow, 0l)(5 0l%c; No. | 3 mixed, 60%@61%c; No. 4 mixed, 59Vi@ 00c. Oats—Steady: No. 2 white, 41@44c; No. 3 white, 38%@40e. ' Hay—Steady; No. 1 timothy, $18(5)18.50; No. 2 timothy, $17.50<5)15; • No. 1 light' clover mixed, [email protected]; No. 1 clover, $18.50® 19.50. —lnspections Wheat —No. 2 red, 2 cars; No. 2 mixed, 7‘ cars; No. mixed, 1 car; total, 10 cars. Corn—No. 1 White, 4 cars; No. 2 white, 1 car; No. 3 white, 5 cars; No. 4 white, 8 ears; No. 5 white, 2 ears; No. 6 white, 3 cars; No. 2 yellow, 1 car; No. 3 yellow, | 5 cars; No. 4 yellow, 10 ears i No. 5 yellow, 2 cars; No. 6 yAllow, 2 cars; No. T ; mixed. 2 cars; No. 2 mixed, 1 car; No. 6 mixed, 1 car; total, 47 ears. Oats—No. 1 white, 5 cars; No. 2 white, 6 cars; No. 3 white, 8 cars; No. 4 white. 6 cars; sample inixid, 1 car; t6tal, 26 cars. Hay-r No. 1 timothy, 1 car; No. 2 timothy’, l'car: No. / 1 light • clover mixed, 1 car: total, 3 cars. y HAY MARKET. The following are the Indianapolis -prices for hay by the wagon load, delivered : Hay—Loose timothy, $10(5)17; mixed hay, $15(516; baled hay, $16(3)17. Oats—New, per bushel, 40fe42c. ■ Corn—New. per bushel. 55@00c. Corn—Old. per bushel. 55®60c. WAGON WHEAT PRICES. Indianapolis Dour mills and elevatore today were paying $1.39 per bushel for No. 1 red winter wheat; $1.28 for No 2 red winter and according to test for No. 3 red winter.

SWINE SUSTAIN FAIR ADVANCES Cattle Values 25 Cents Higher —Calves Sharply Lower. RANGE OF HOG PRICES. Good Good „ Good Mar Mixed. Heavy. Light. [email protected] [email protected] [email protected] 13. 10.95(6)11.15, 10.50(6)10.85 [email protected] 14. 10.50 (g) 16.75 [email protected] [email protected] 15. [email protected] [email protected] [email protected] 16. [email protected] [email protected] 10.65 @ 10.65 17. [email protected] 9.85 @ 10.15 [email protected] 18. [email protected] 9.75 @ 10.00 [email protected] 20. [email protected] [email protected] [email protected] .S\vine prices were 23c to 3oc higher in trade on the locxil stock market today, with receipts extremely light at 3,0(0 and both shippers and packers displaying fair demands. Trading was very active and practically all of the receipts had been sold at a very early hour in the forenoon. Cattle prices were strong to 2oc higher, with receipts light at close to 450 for the (lay and packers showing fair better demands than they did on the closing of the previous week. ’ With lower prices on Eastern markets, receipts light and the shippers holding only scant orders, veal prices were 50c lower generally aud as much as $1 lower in spots. Tnere were-close to 200 calves on the market. There were less than 25 sheep and iauilis on the * market. Prices were steady. iIOGS. 100 to 180 Rs. average [email protected] Over 300 lbs lO.tiO 150 to 300 lbs 9.00<g, 10.00 Uesl pigs, under 140 lbs 9.00^10.00 To if 10.75 Stags 4.50<q. 5.75 Roughs * 7.75(0,8.50 Bulk of sales [email protected] —Cattle— Prime corn-fed steers, 1,200 to 1,800 ibs 7.00® B.QO Good to choice steers, 1,200 to 1,300 Ibs 6.50® 7.00 Good to choice steers, 1,100 to 1,21X1 lbs ft.oo® 6.50 Good to choice steers, 1,000 to 1,100 ibs C.3o@ 6.00 Common to medium steers, 800 to 1,000 lbs P... 5.25® 6.50 —Cows and Heifers— Good to choice heifers 7.25® 800 Medium heifers 5.75® 6.73 Common to medium helfersT.. 4.75( 5.75 Good to choice cows 3.75(0.; 5.75 Fair to medium cows 2.25(0. 5.75 Gutters /.. ('aimers '2.50(<4 3.50 —Bulls— Good to choice butcher bulls. *4.25® 5.50 Bologna bulls 3.75 Q 4.25 Light bologna bulls 3.00( 350 Light to common bulls 2.sti®j 3.50 —Calves— Choice ve#ls 9 '.uiq in 50 Good veals 9.ooftj 9 >0 Medium veals 6.o'Ktf S.OO Lightweight veals 5.00ru 5.50 . Common to heavyweight vruls 3.00® 5.30 —Stockers and Feeders— Good to choice Steers under 800 lbs 5.50® 6.50 itliesLSrolv Yfe.. etaoin shrdlu emlwyp il Medium cows 2.25 (a 4.00 1 (food cows 3.50(ir 4.50 limit! heifers 5.11U{1 6.25 Medium to gnod heifers 4<m® 5.00 Milkers 35.00(8(73.00 —Bheep and Lunin— Ewes 2.oe(fi; 5.50 Light sheep 5.50 u 850 Bucks 2 '•us; 3.50 Good to choice laiubCT, 10 .'o(<jl.'..<xi [ Seconds 7.ov(<i 9.00 Buck lambs 5.5u(<; 6.50 Culls 3 00% 5.0(i *

Other Livestock

CHICAGO. March 20. Hogs—Re cipts. 37,000; mark,:!, 10c to 2'V higher; light weights, active; bulk of sales, slolu 10 50; top. 1O.G0; heavies, $lo.05ft(10.3o; mediums, sl'.2o'n 10.30; light*. $10.35% 10.6,1 light lights, $9.75% 10.50; heavypacking sows, smooth, #9. 15(%9.65; packing sows, rough, 89(0.9.25; nigs. $8.25*4 1(>. Cuttle Receipts, ll.oii market, t■ to g.'ic higher. Ilcef steersy choice and priile, $s 50'u9.50; medium and gmul, $7.565|8.(H); gooj anil choice, $.8.15|g.9 25; enmmon and medium, $ ~50'05.15. Butcher eat tie; heifers, $4.90<i.8; cows. s4.V'u7; bulls. Cnnners juol cutlt;rs; cows snd heifers, $3'0.4.15; canner steers, *s4'i/5; veal caiws, light and lutnd.vwvlght, $(!.25(r49 25: feeder stis>rs,-$5.50 .4 $7.75; htneker steers. 85.254)7.35; Stocker cows and heifers. $4h5.30. Sheen and lambs— Reei ipts, It,non; market steady: good to choice, $13,256? 15.85; cull and com toon lambs. Sl0.5O(dl3; yenrilng wethers, $11.230114.50; ewes. $6.738i.T0 25; cull and common ewes, $3.."i0(i(0.75; feeder lambs, $11.75(0 11.75. CINCINNATI, March 20—Hogs— TvO/celpts. 4.54X1; market 25c higher; heavies, $t0.50(o: 10.75: mixed and mediums, $lO 75; lights,’ slo 25; pigs, $9.50: roughs. $8 25; stags. $0.25. Can! Receipts, 1,500; mar kit slow, steady; litills, strong to 25c higher; calves, $lO. Sheep and lambs— Receipts, :ilXt; market steady; ewes, 87; clipped lambs, $3; good lambs, sl6; clipped fulfills, sl4; springs, $22. CLEVELAND, March 20.—Hogs Receipts, 5,500; market 10@20c higlier; yorkers, $10.75(1/10.85: mixed, slo.7’(if 10 S’*; mediums, $10.75® 10. pigs. $lO 75; roughs. $8.50; stags, $5 50. Cattle Receipts. 800; market 25c higher generally. Sheep and lambs—Receipts, 400; market slow tyid steady; top, sls. Calves —Receipts, 1,000; market slow; top, sll. EAST BITM’ALO, March 20.—Hogs— Receipt® 15,200; market, stow; yorkers, $10.90(q il ; pigs. $10.50; mixed, $10,904) 11; heavies, $10,504) 10.75: roughs. sS.sofrf 8.70; stags, $ 14(5.50. Cattle— Receipts,

C 1 i...i - . The War Department Auction at HAWTHORNE, ILL., APRIL 4 offers unusual buying opportunities to users of harness, vehicles, parts, supplies The sale will be particularly attractive to all users of equipment for animals and animal drawn vehicles. Hawthorne is stored with quantities of such goods as wagons and wagon parts, axles, wheels, gates, bodies, tops, singletrees, doubletrees, wrenches, bolts and nuts, stirrups, straps and rings, ano a large assortment of similar commodities. The quantities vary from a few to many in each lot, so that almost any buyer can find what he wants. The complete catalog will be sent on request. Ev£Ty user of this class of goods rliould get the N catalog at once and prepare to atteud the sale. If the quantities run larger than you can handle your- , self, get other users to join with you, send one man to the sdle and share the expense. ‘ FOR HAWTHORNE CATALOG Send to: Quartermaster Supply Officer, Chicago General Intermediate Depot, 1619 West Pershing Road, Chioago, 111. Another important auction sale will be held April 19, at norfolk;virginia. This Norfolk sale, while farther removed than the Hawthorne > Sale, has an exceptionally fine and varied list of commodities. No quantity buyer shohld miss the NORFOLK SALE, April 19. The commodities'include clothiqg and equipage, general supplies, subsistence, one Economy Silo (knocked down and new), machinery and engineering material, vehicles, parts and supplies, and a large list of leather and harness. Send for the catalog and see the opportunities this sale offers. FOR NORFOLK CATALOG Send to: Quartermaster Supply Officer, New York General Intermediate Depot* First Avenue and 59th Street, Brooklyn, N. Y. %

2,625; market, slow; shipping steers, sß4i 8.60; butcher grades, $74/8; heifers, $5.50 4)7.75; fivs, $2©H; bulls, $3,254/5.50: feeders. $4,504(6; milk cows ana springers, s3o@llo. Calves—Receipts, 3,000; matket, slow; cull to choice, $44(11.50. Sheep and Lambs—Receipts, 12,000; market, slow; choice lambs, $15,254; 15.75: cull to fair lambs. $84(15; sheep, $34?12.50; yearlings, [email protected]. EAST ST. LOUIS, March 20.—Hogs— Receipts, 12,000; market, 15c to 25c higher; mixed and butchers, $10.50® 10.90; good heavies, [email protected]; roughs, $8.754'!9 ; lights, [email protected]; pigs, $9.75 @10.40; bulk of sales, [email protected]. Cattle —Receipts, 4,000; market, stronger; native beef steers, '[email protected]; yearling steers and heifers, $.8,504; 9; cows, $3.75@ 6; Stockers and feeders, [email protected]; calves, $3.50@10; canners and cutters, [email protected]. Sheep and lambs—Receipts. 1,500; market, steady;, mutton ewes, [email protected]; good to choice lambs, $S@ 15.50; canners and choppers. s3@s. PITTSIU-RGH, March 20.—Ilogs—Receipts, 9,300; market, steady to 10 cents lower; prime heavies, [email protected]: mediums, [email protected]; heavy yfjrkers, $10.804)10.85; light yorkers, pigs, $10.50; roughs, [email protected]; stags, [email protected]; heavy mixed, $10.75. CattleReceipts, 1,000; market,"2s cents lower generally; choice. $8.254)8.75; prime, $7.75 @8.25; good $7.75@ 8.25; tidy butchers, $7.0041.7.90; fair, [email protected]; common, $0.5041,0.25; common to good fat bulls, $3.70@6; common to'good fat cows, s2@ 6; heifers, [email protected]; fresh cows and springers, $50@85; veal calves, $11; heavy and thin calves, s3@7. Sheep and lambs —Receipts, 409; market, steady; prime wethers, $9,504(10; good mixed, $5.59@9; fair mixed, $74iS; culls and commons, $2.50@4; choice lambs, sl6.

Local Stock Exchange

—March 20STOCKS. 1 _ Bid. Ask. . ind. Ry. & Light com 60 I Ind. Ry. A Light pfd....... 75 Indpls. St. Ry 4-1;. Ind. A- X. W. pfd ‘iHj 1 Indpls. & S. E. pfd i T. H. T. A L. pfd 68 . . 0. H. I. A E. com 5 I T. H. 1. A E. ptd 15 U. T. of Did. com \ i 11. T. of Ind. Ist pfd 4 U. T. of Ind. 2d pfd ' ! Advance-Kumeiy Cos. ptd ! ... Advance-Eumely Cos. com Am. Central Life J 95 : Am. Creosoting ptd 93'4 ] ! Belt It. It. com 07' i Belt It. It. pfd 00 I Century Bldg. Cos. pfd 1 Citizens Gas Cos 21 City Service com ~... 194 City Service pfd 09 j Dodge Mfg. Cos. pfd 85 ~ * [Home Brewing 45 \ ! Ind. Hotel com g. 5 i Ind. Hotel pfd <i,s ioo Ind. Nafi Life Ins. ■> i Ind. Pipe Line ... | Indpls. Abattoir pfd 4S Indpls. Gus 45 ... ! Ilidlds. Tel. coin 2 Indpls. Til. pfd 90 Mer. Pub. i til. ptd 48 • Nat. Motor Car Cos 1 ‘jy, j Pub. Sav. In si Go 4% : Itiiuh Fer. pfd 47% : Standard Oil of Indiana.... 87 .Sterling Fire ins. Cos 7% ... Van Camp Hdw. pfd 90 Van Camp I’rod. l>t pH lixo . Van Camp Prod. 2d pfd ; Vandalia Coal com 1 ! Vanibilia Coal'Co. jifd 6 * ..) W.ibash Ry. pM 25 j Wabash Ry. com 7% ... BONDS. Broad Ripple Os 61 f>o Citizens St. lty. 5s 73 so Indian Creek Coal and Mine*... lim Ind. Coke A Gas 0* $1; Indpls. C. A- S. Os 91% ... ; inilpl*. North Os a 38* 42 Indpls. A Martinsville 5s ... 60 ! Indpls. A X. W. 0s ,50 5t . Indpls. A- S. E 5s -.. ... 45 Indpls. Sheib.vville V S. E. Os ... 75 Indpls. St. Ity. 4s fits'.7 tft T. H. I A E. 5s ; Citizens Gas Cos. 5 86 fe'J I udid*. Gas Cos sr> Kokomo, M A W. 0s 84% ... kind. Hotel Cos. 6s 90 ’lndpls. L. A 11. 0s 86 91 'lndpls. T. A; T 76 Indpls. Water 5s 94% t)7 Indpls. Water 4%* 80 ... Indpls. T. A T I . T. of Ind 45% ... Mer. IT. A- L 3s 96 New Tel. L. I* 5s .'3 05 . . New Tel Ist 6s 95 Sou. Tel Power 0s 80i Indpls Watef Cos. LIBERTY BONDS. Liberty First JGjs i.. 97.16 .... I.lbcrty First 4's 97.86 95.01 Liberty 8 6 I Ibs 97.82 os. w. Liberty Third l'*s 9.8.7s 98.91 Liberty Fourth 7'is 98.18 .... Victory 3%s 100.10 Victory 4%s 100.82 101.00 j —Sale*— ; 37 Shares Ind. Ry. & TANARUS„ pfd. at 75. 16 Citizens Gas Cos. at 22%. | $5,000 Indpl’s Northern .*>' at 38. <•'10 Liberty Ind. fourth 4 1 1 a. at 97.82. • CHICAGO PRODUCE. CHICAGO, Ayreh 20. —Butter—Receipts, O.'too tubs; creamer? * extras, 39c; standards, 3sb.c; firsts. 34@>'; packing stock, 154). 17e. Eggs -Receipts, 16,090 cases; current receipts, 22 Vi® 33c; ordinary firsts. 21@22e; firsts. 23@23%e; fli; fs. 194) .’lie; dirties. 20ft£2Ic. Cheese Twins (New'), 19'-k@l9%c; daisies. 19% !4}l9 : Vke; Voting Americas. 21%@22%e; [longhorns. 23@23%c; bricks, 16@16%e. ; Live poultry l ivk -.vs. 30c; chickens, 25c; stirlngs. 26c; roosters, 19c: geese. 18c; • links, 2So. Potatoes —Receipts. 82 e;irs; Wisconsin Round Whites. $1,504(1.75 per 15i,' lb. tiag; Wisconsin Kings. [email protected]; Minnesota Round Whites, $1,504(1.60; i Idaho Rurals, SI.7O@LBO.

Local Curb Market

(By Newton Todd.) ' —March 20— * Bid. Ask. Am. Hominy Cos. .' 10 16 Central and Coast OH % ... Choate Oil Corp % % Citizens Gas Cos. pfd '-91 97 Commonwealth Fin Com. ... 30 36 Commonwealth Fin pfd. ... 41 48 Columbian Fire Ins. Cos 6 7% Comet Auto \.... % 2 Dayton Rubber /Units 47 55 Dictograph Prod, pfd 30 38 D. W. Griffith 3% 7% Elgin Motor Car 2 2% Fed. Fin. Cos. pfd 77 87 Fed. Fin. Cos. com 125 131 Gt. Sou. Prod. & Ref. 5(4 6% Goodyear T. & R. com 10 12 Goodyear T. A It. pfd 25 28 Ind. Rural Credits 5o .60 Metro. 5-lOc Stores com 3 5 Metro, 5-10 e Stores pfd 19 Nat. tinderwriting 2% 5 Revere Motors (4 % Ranch & Lang Units 18 -26 Rub. Tex. Units 10% 15% Steel Craft Units 32 42 Stevens-Duryea Units 15 25 U. S. Auto Units 52 .62 U. S. Mtg. Cos. Units 145 162 BANK STOCKS. Commercial Nat. Bank 71 81 Cont. Nat. Bank 1(X) 116 Tnd. Trust Cos 175 ... * Ind. Nat. Bans 200 270 Mer. Nat. Bank 282 Security Trust Cos 130 ... Slate Sav. & rust 91 99 Union Trust Cos 300 Wash. Bank & Trust Cos. .. 150 ..*. TOLEDO SEED PRICES. TOLEDO, March 20. —Cloverseed— Cash, $16.15; March, $16.10; April, $11.50; October, $11.85. Alsike— Cash. St7:80; March, $ll.BO. Timothy—Cash, $3.15: March, $3.15; May, $3.23; SonlCmher, $3.50; October, $3.40. WHOLESALE BEEF PRICES. The following are today’s wholesale prices for beef cuts as sohl on the Indianapolis markets of Swift A- Cos.: Ribs —No. 2, 20; No. 3,15 c. Loins—No. 2, 24c; No 3,18 c. Rounds—No. 2,15 c; No. 3.14 c. Chucks—No. 2. 10c; No. 3. .-B%c. Plates—No. 2. Sc; No. 3.7 c-

The Wni. PLOCK Cos. New Linoleums With Lowered Prices X lf"rj A car, ISO pieces of Nairn’s good Linoleum at real lowered gj prices for quick action. £2 Cord body, burlap back print lino —J leums, new patterns, all colors, square yard Ot)C lf?!§§g , m t Inland linoleum and granite linoleum, tan, blue, green, gray or brown; color igl through to burlap back, pattern can’t itfl wear off; every yard guar- (b -i ? q 'c3 anteed; square yard t|)1.17 1 Inlaid linoleum, best heavy “A” grade, beautiful new tile and figure patterns in all colors. $1 QQ Square yard —Fourth Floor. In Our Model Grocery QUALITY—SERVICE—MODERATE PRICES BREAD—On Sate Only From 8:30 a. m. to 12 m. Sun-lit Bread, hot from our ovens. Ail pan breads, including rye, graham and whole wheat. One-pound loaves; while supply lasts, loaf.. FRESfH SPARE RIBS, CHOICE BONELESS nice and meaty, 14 BEEF, fine for 9*?,. pound I'tL roasting, pound L3 C No phone oders. No phone oders. X? SMOKED SHOULDERS, OURBO N SANTOS , COFFEE, old crop, fresh sugar cured, n roasted (4 9'7— well trimmed, lb lOC pounds, $1), lb Li C MAINE CORN, LUXURY ASPARA- CHEESE. WiseonPuik unJ Tilfartl. t <iUB, Grant While, 1 sin cream. Brick (dozen can $1.35*, pound, 15-ounce can, cheese, pound, 28<% can 12c. (dozen $4.00), can, j- - U9C. SARDINES? Derby PEAS, Sied Fox, winner, imported, is Early Junes , (dozen, „ Tv .. .„., T F pure .dive oil, S-o*. can $1.80). can, IGO. / IduorT t nn ' TOMATOES, solid , N > S* FLORIDA SWEET pack. No. 2 cans (dozen cans s4.btf). ORANGES, dozen, (dozen $1.35), cau, can, .>.>C. 45<?. 12C. * ” _ APRICOTS, Sun- GRAPE FRUIT. CALIFORNIA lit brand. No. 2% fancy Florida*,priced l kUN ES, pound, can. (dozen cans according to size, •2nC. $4.80), can 41t). i 15c, 10c and B C. —Fifth Floor. dy.xrr- U '*‘ L ~ XX>V..-. CT .—^J mjm THE BASEMENT STOREHjgjj

Domestics—Beddings

LONG CLOTH —Nice chamois finish for underwear and general use; (h-f 10-yard bolt UNBLEACHED SHEETING MUSLIN —Yard wide, for sheets, bolsters, cases and other various needs; 1 91/ extra special, yard IL/2^ P E R C A LES—'Yard wide, neat dress and wrapper patterns in light and dark colors; extra |rspecial luC COMFORT CHALL IS— Yard wide, 5 to 15-yard lengths; extra iff special I3€ CRETONNE, for comforts and draperies, n/edium and dark colors; up to i r 29c qualities .. r.' 1 1?€ BLEACHED SHEETING—yards wide; quality better than Mohawk; extra special QUILT COTTON, snow white, open u]t in -j p size 72x90; roll 13C COMFORT SIZE COTTON, soft and fluffy; 3-lb. weight; roll I tfC

Secretary's Order Curtails Price Boost Following the receiving ot an order from Secretary of Agriculture Wallace suspending the proposed boosts in corn prices at the stock yards, officials of the Belt Railway anl Stock Yards Company totlay announced that the 20e a bushel raise In corn fed to live stock at the company yards, ■which was to have gone into effect this morning, would not be effected. The proposed increase from $1.20 to $1.30 per bushel for corn was said by stock yards officials to be necessary reason of the recent increase in corn prices. In his order Secreary Wallace stated that he diet not consider such a raise justified by the recent advance in prices and the new rate was suspended for thirty A hearing on the matter will be held Mav 17 iu the Federal Courtroom here. _ The action taken by Secretary of Agriculture Wallace was said in the telegram to be by reason of authority recently conferred upon him by the stock yards and packers’ act.

In the Cotton Market

NEW YORK, March 20.—The cotton market opened steady today at an advance of 5 to 11 points. Improvement was due to heavy rains in the Eastern belt and firmer cables. JapMiese interests were again sellers. After the start the advances were maintained. The market was easy in the late afternoon, closing at a net decline of 2 to 15 pionts. Spot was quiet, being five points lower at 18.40 c. There were no sales. —Cotton Futures — Open. High. Low Close. January - 16.99 16.70 16.53 16.53 Manch 18 20 18.30 18.03 18.67 May 18.03 18.17 17.90 17.90 July 17.45 17.55 17.26 17.28 October 16*99 17.0S 16.85 16 0o December 16. SS 16.94 16.72 16.72 LIVERPOOL, March 20.—There was a good demand for spot cotton today. Bttsiness'was moderate, prices unchanged and sales around 10.000 bales. American middlings, fair. 12.30 c: good middlings, 11.3'd: fully middling*, ll.OPd : middlings, 10.73d: low. 9.85d: good ordinary, O.oOd; ordinary, B.5Cd. Futures were quiet.

81x90 BLEACHED SHEETS, neatly made with a deep hem. limit 4 to a customer, no phone or- CQ/% ders; extra special OUC PILLOWCASES, Mohawk, 42x36, no phone orders; QQextra special, each -3 *J C UTICA UNBLEACHED SHEETING, 2Vs yards wide (limit 10 yards to a customer), extra special, UNBLEACHED SHEWING, 2V 2 yards wide, quality better than Pepperel; extra .'49c UNBLEACHED SHEETING —2% yards wide; quality better than Mohawk; extra special, r A yard 54C \ BLEACHED SHEETING, S’/a yards wide; quality better than Mohawk; extra spe- £■ 7,59 c SOFT THREAD NAINSOOK, yard wide, launders perfectly, good quality for underwear and infants’ wear; limit 10 yards -a to a customer IttC

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