Indianapolis Times, Volume 34, Number 268, Indianapolis, Marion County, 21 March 1922 — Page 10

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UNDERTONE OF MARKET STRONG; SOME LOSSES Manner in Which Pressure Resisted Surprise to Many Dealers. RAILS BEST BARRIER Special to Indiana Daily Times and Philadelphia Public Ledger. lIV MONITOR. NEW YORK, March 21—The stock market proved a surprise even to many of its friends by the manner in which it resisted pressure and recovered from an early reaction that for a time promised to involve practically the entire list. The final quotations indicated an unsettled closing, owing to the prevalent 1 of many fractional losses on the day. Such was not the case, however, as the Undertone was quite strong, and most issues showed substantial gains over the low leTels of the morning. Sentiment was somewhat confused and inclined to pessimism in the forenoon. It was the more or less general opinion that the market was entitled to a good reaction, owing to Its recent activity and the belief that considerable distribution had been effected under the cover of successive million share days. Asa matter of fact, the early action of the market seemed to tear out this view. It was not long, however, before the rails began to display pronounced strength, with great activity exhibited by New York Central Atchison, Southern Pacific, Baltimore &- Ohio and Pennsylvania. The good showing made by the rails served to offset the unsettlement and irregularity in the equipments and oils, as well as a few of the recently active specialties. A little later in the session the steels began to move upward. The buying in Midvale that has been noticed for several days became even more impressive, and Bethlehem B took the leadership of the group with a sharp rise to new high levels. The strength of the market is due largely to the healthy technical position. It responds readily to buying. Some of the minor items were favorable, and it did not seem to require much of an ex(use to arouse buying enthusiasm. Railroad labor appears to be getting more reasonable. There Is an increase in revenue car loadings and a decline in the number of idle cars. Steel production is increasing, with indications of more stability in prices. Money, while steady at 3% per cent, is abundant at that figure and the new low record on bankers’ acceptances furnishes a fair Index of the actual money situation -Copyright, 1922, by Public Ledger Company.

Local Stock Exchange —March 21. STOCKS. Bid. Ask. *nd. Ry. & Light com eo Ind. Ry. & Light pfd 75 ... Indpls. St. Ky 42% ... Ind. A X. W. pfd 60 Indpls. A S. E. pfd X. H. T. & L. pfd §8 T. H. I. & E. com 5 T H. I. A E. pfd 15 P. T. of Ind. com * ... 1 I'. T. of Ind. Ist pfd 4 l'. T. of Ind. 2d pfd ... 2 Advance-Rumely Cos. pfd „.. Advance-Rumely Cos. com Am. Central Life 11*5 Am. Creoßoting pfd 03% ... Belt K. R. com 67 Belt R. K. pfd 50 Century Bldg Cos. pfd Citizens Gas Cos 21 ~. City Service com 11*4 City Service pfd 59 ... Dodge Mfg. Cos. pfd 85 Home Brewing ............. 43 ... Ind. Hotel com 83 Ind. Hotel pfd 98 100 Ind. N'at’l Life Ins 2 Ind. Pipe Line a, ... Indpls. Abattoir pfd 48 Indpls. Gas 45 Indpls. Tel. com 2 ... Indpls. Tel. pfd I*o ... Mer. Pub. Util, pfd 48 Nat. Motor Car Cos 1 2% Pnb. Sav. Ins. Cos 4% ... Eauh Per. pfd 47% ... Standard Oil of Indiana.... 87 Sterling Fire Ins. Cos 7% ... Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd 100% Van Camp Prod. 2d pfd Vandalia Coal com 1 Vandnlla Coal Cos. pfd 6 Wabash Ry. pfd 25 ... Wabash Ry. com 7% ... BONDS. Broad Ripple 5s fil 06 Citizens St. Ky. 5s 75 SO Indian Creek Coal and Mine ... 100 Ind. Coke A Gas os 80 Indpls. C. & S. os 91% ... Ind pis. North os 38 42 Indpls. A Martinsville 55.... 60 Indpls. A N. W. 5s 50 64 Indpls. & S. E. 5s 45 Indpls. Shelbyville A S. E. Cs ... 75 Indpls. St. Ky. 4s 58% 63 T. n. I A E. 5s Citizens Gas Cos. 5s 86 89 Indpls. Gas Cos 85 ... Kokomo, M. A W. os 84% ... Ind. Hotel Cos. 6s 96 Indpls. 1.. A 11. 5s 86 91 Indpls. T. A T 76 Indpls. Water 5s 94% 97 I/idpls. Water 4%s ......... 80 ... Indpls. T. & T. ............ 76 V. T. of Ind 43% ... Mer. 11. A L. 5s 96 New Tel. L. D. 5s 95 New Tel. Ist 6s 95 ... Sou. Tel. Power 6s 86% Indpls Water Cos. 4%s 86% ...

Local Curb Market (By Newton Todd.) —March 21. Bid. Ask. Am. Hominy Cos 10 10 Central and Coast Oil \ ... Choate Oil Corp >4 \ Citizens Gas Cos. pfd 91 V! Commonwealth Flu Com. ... 30 3Ct Commonwealth Fin pfd. ... 41 48 Columbian Fire Ins. Cos 6 7V4 Comet Auto % 2 Payton Robber l nits 47 53 Dictograph Prod, pfd 30 38 D. \V. Griflfirh 7Vfc Elgin Motor Car 2 Fed. Fin. Cos pfd 77 87 Fed. Fin. Cos. com 125 134 Gt. Sou. Prod. & Ref. ..... 314 644 Goodyear T & R. com 10 12 Goodyear T. A R. pfd 25 28 Ind. Rural Credits 50 60 Metro. 5-lOe Stores com 33 Metro, 5-10 c Stores pfd 19 26 Nat. Underwriting 214 5 Revere Motors V 4 44 Ration A Lang Units IS 26 Rub Tex Fnits 10V4 1514 Steel Craft Cults 32 42 Steven.---Duryea Cults 13 25 C. S. Auto Units 52 62 U. S. Mtg. Cos. Units 145 162 BANK STOCKS Commercial .Nat. Bant 71 81 Cont. Nat. Rank 100 116 Ind. Trust Cos 173 Ind Nat. Bang 280 270 Mer. Nat. Bunk 252 Security Trust Cos 130 State Sav. & rust 94 99 Union Trust Cos 300 Wash. Bank A Trust Cos. .. 150 CLEVELAND PRODUCE. CLEVELAND, Ohio, March 20. —Butter Extra in tubs, 43V'?4Cc: prints 4C>4@ 47c; extra firsts, 44' 2 <i4sc; packing stock, 17@19c. Eggs—Fresh gathered, northern extras. 27c; extra firsts. 26c, Ohios, 24 Va 25c. western firsts, new cases. Poultry—Lire heavy fowls, 28c: spring culls, 24<g260; spring docks. 27<g28c. Landis Successor Not Yet Decided WASHINGTON. March 21.—The Administration has not decided to a successor to former Judge K. M Landis, it was learned at the White House this afternoon. President nardlng expects to be able tc fill the Chicago vacatV soon, it wag stated. m

A. Y. Stock Exchange (By Thomson A McKinnon.) —March 21— Prev. High. Low. Close, close. Ajax Rubber... 17% 16% 17 16% Allied Chemical. 63% 63 63 63V* Allis Chalmers. 46% 46 46 47 Am. Beet Sugar 44 43% 43% 43% Am. B. Mag 44% 44 44 44% Am. Can 40% 45% 46 46% Am. Car A Fdy.ls4 133% 100 Vi 154 Am. Ice U 4 112 113 111% Am. H& L pfd. 71 70% 70% 71 Am. In. C0r.... 43% 43% 43% 43% Am. Loco mo 109% 108% 109% 109 Am. Steel Fdy.. 34 33% 33% 33% Am. S. & Ref... 53% 52 52 53 Am. Sugar ltef. 73% 72% 72% 72% Am. S. Tob. Cos. 33% 32% 32% 32% A. Tei. A Te1...122% 121% 121% 121% Am. Tobacco... .137% 132 137% 137% Am W001en.... S3 87% 88 87% Anaconda 52 61% 51% 52% Atchison 97% 97 97% 97% At. C. Line 91% 91% 91% 90 At. G. A W. 1.... 29% 29% 29% 29% Austen Nichols. 26% 25% 26 26 Baldwin Loco ..108% 107 107% 107 B. A 0 39 38% 39 38% Beth. S. 60% 67% 67% 6>* B. Rap. Transit 16% 14% 15% 16% t al. Pet 52% 51% 52% 51% i Can. Pac. Ry... 136% 136 136 130% Cent. Leather... 37% 37% 67% 37Vs Chand. Motor.. 74 72% 73% 72V* C. A 0 62% 62% 62 J C..M.ASt.P.com. 23% 23% 23% 23 I C.M. A S.P.pfd. 38 37% 37% 37% I Chi. A X. W.... 71% 70 70% 71 j C.R.I. A Pao... 41 Vi 41 41% 41% ! C.K.I.AP.Opc pfd SO 79% SO 79% ! C.R. T .AP.7pc pfd 91% 91% 91% 92% i Chili Copper 17% 17% 17% 17% i Comp. A Tab.. 69% 65% 68% 70% I C.C.C. A St. L... 64 64 64 64 j duett A 1*.... 58% 57% 58 -... Chino Copper . 28% 27% 27% 28% ; Columbia Gas . 83% 82% 82% 82% I Coca Cola 47 45% 46% 45% | Continental Can 63 62% 63 62% ] Col. Fuel A 1... 31% 30% 80% 31 Consolidate Gas.l'9 107% 108% 108% I Corn Products .105% 104% 105% 104** i Crucible Steel . 57% 56% 56% 57% Cuban Am. S. . 25% 24% 24% 24y* ‘ Cuban Cane S. . 17% 16% 16% 17% j Del. A Ilud. .118% 118% 118% I Del. A Lack. .115 115 115 115 j I >otne Mines ... 36% 26% 26% 26% ! Erie 11% 11 11% li Erie Ist pfd. . ls% 17% 18% 17V* i Endicott A J.. 81% 83% $3% 83% 1 Famous Players 80% 79*3 79% 80% j Fisk Rubber Cos 17% 16% 17 16% Gen. Asphalt . 61% 59% 61 tK% Gen. Electric ..156V* 155% 155% 156 i Gen. Motors 10% 10% 10% 10% 1 Goodrich 39% 39% 39% 40 j G. Nor. pfd 74% 74% 74% 74% ! G. Nor. Ore 37 36% 36% 36% G. States Steel... 74% 72% 73 73% Hupp 15% 15% 15% 15% Houston Oil 75% 75% 75% 75% 111. Central ....102 *Ol% 102 101 Indlahoma 3% 3% 3% 3% Inspi. Copper... 41 41 41 Inter. Nickel... 15% 15 15 15 Inter. Paper 47% 45% 46% 45 Invin. Oil 18% 17% 18 18% K. C- SoJthern. 26 25% 26 25% K-S'tieid Tire... 45% 45 45% 44% Kenn. Copper... *% 30 30 30% Lack. Steel.... 50% 49 49 50% Lee Tire 33% 32% 32% 33% Lima Loco 108% 104% 108V* 164 Lehigh Valley... ®>% 59% 59% GO Loews, inc 16% 15% it; 16% Martin Parry... 28% 27% 28 27% Marine com 16 15% 16 in Marine pfd 71 71 71 71 Maryland 0i1... 26% 25% 25% 26% Mex. Petrol 123% 120% 122 T s 121% Miami Copper... 28V* 28% 28% 28% Mid. St. Oil 14% 13% 14 14V* Midvale Steel... 35 33% 34 34% M.-Pae. Rv 22% 22 22 22% M. Ky. pfd.. 54% 54% 54% 54% Mont. A Ward.. 16% 16% 16% 10% Nev. Con. Cop.. 15% 15% 15% 14% -V. Y. Air Brk.. 64 64 64 63% N. Y. Central.. SS% 87 r, g 87% 88 New Haven 19% IS 19% 17% Norfolk A W 101% 101% 101% 101% North. Pacific.. 78% 77% 77% 78% Okla P A R. Cos. 2% 2% 2% 2% Owen Bot. com. .32% 32 32% 32 Pacific Oil 49% 49% 49% 49% Pan-Am. Pet. .. 56% 56 56 56 Penna. Ry 37% 37% 37% 37% People's Gas 82% 81% 82 82% Pere Marquette 27% 27% 27% 27% Pierce-Arrow..., 17% 17 17*% 17 Pierce O. C 0.... 9 8% 8% 8% Pull. PaL Car.. 120% 318% 120% 118% Pure Oil 31% 30% 31 32*4 Ry. St. Sp 96% 96% 96% 96 Reading 74% 74% 74% 74% Rep. I. & Steel. 58 52 52 52% Replogle Steel.. 32 31% 31% 31% Roy. D. of N. Y. 53% 52% 52% 7211., Sears-Roebuck.. 71 70% 71 71% Sinclair 25% 24** 25% 24% Sloss S. S. A I. 43% 41% 41% 42% South. Pac. .. 87% 88% 87 87 Southern Ry. . 22% 21% 22 21% St. L AS.W.Ry. 29% 28% 28% 28% S. Oil of Col.. 96V* 96% 06% S. Oil of N. .T.. 174 174 174 173 St.L.AS. F. com. 28% 2.8 28% 28% Stewart A War. 36V* 36% 36% 36 Strom. Carb .. 47% 47 47% 47% Studebaker ...105 103 104% 102% Texas G. S. ... 43 40% 42% 43 Texas Coal AO. 26% 26% 26% 26% Texas Cos 44V* 44 44 44% Texas A I'ac. . 35% 33 33% 32% Tob. Prod. ... C3 02% 62% 62% Trans. Oil 9% 9% 9% 9% Union Oil 19 18% 18% 18% Union Pacific .134% 133% 134% 134 United Fruit. ...130 137% 130 U. S. Ret. Stores 46% 46% 46% 46’-* U. S. Cast I. P. 36% 36 36V* 36% U. S. In. Alcohol 47% 47% 47% 47% U. S. Rubber... 63 62% 62% 63 V. S. Steel 95% 1*4% 94% 95% U. S. Steel pfd..117% 117 117 117% Utah Copper... 64% 64 64 04% Vanadium Stl... 39% 38% 38% 38% Wabash 8% 8% 8% 8% Wall. Ist pfd... 25% 25% 25% 25-S, Worth. Pump... 51V* 51% 51% 51% Wilson A C 0... 4040 4040 Western Union.. 97% 97% 97% 97Vi West. Electric.. 57% 57% 57% 57 White Motors... 41 40% 40% 41% Wilivs Overland 9% 8% 9% 8% White Oil 10*4 10 10 10% WiS. Central.... 29% 29% 29% NEW YORK LIBERTY BONDS. —March 21— Prev. High. Low. Close. Close. L. B 3%s 97.1*6 97.38 97.70 97.38 L. B. Ist 4s 08.24 97.24 98.00 97.90 L. B. 2d 4s 97.82 97.78 97.82 97.70 L. B Ist 4%5... 98 34 98.00 98/(6 98.16 L. B. 2d 4%5... 98.00 97.90 97.94 97 90 L. B. 3d 4Vis 99 10 98.94 99.06 98.80 L. B. 4th 4%5.. 98.34 98 10 98 20 98.1S Victory 3%s 100.08 100.01 100.02 100.02 Victory 4%s 100 94 100.90 100.92 100.90

CHICAGO STOCKS. (By Thomson & McKinnon.) —March 21. Open High Low Close Am. Ship'bldg... 85 Armoiur Cos. ... 06% Case Plow 4% 5 4% 5 Chi. City 11y5... 7% 7% 7% 7% Chi. Elev. Rys.. 4 Cudahy 67% Com. Edison ..125 128% 125 128 Con. Motors ... 7% 7% 7 7 Deere Cos. pfd. .71% Earl Motors .... 33% 33% I lobv-McXelll . 5% .5% 5% 5% Mont! Ward ... 16% 16% 16% 16% Pick & Cos 23% Piggly Wiggly .39 39 % 35% 38% Quaker Oats .. 91 Reo Motor 19% 19% 19% 19% Stewart Warner 36 30% 30 36% Swift & Cos 105 Swift Inti 21% 22 21% 22 Thompson J. R. 43% 44% 43% 44 Union Carbld. .e 54 54 53% 53% Wahl 68 68 67% 67% Wrigley 107 Yellow Taxi .... 69 69 65% 68% NEW YORK WOOL. NEW YORK, March 21.—W00l prices were strong in trade on the market here today. Domestic fleece XX Ohio, was quoted at 33@48c per pound; domestic pulled, scoured basis, at 45@90c and Texas domestic, scoured basis, at 50c@ sl.lO. NEW YORK METAL MARKET. NEW YORK, March 21.—CopperSteady ; spot, March and April, offered 12%c; May, 13c. Lead —Quiet; spot, March and April offered. 4%e. Spelter— Quiet; spot and March, [email protected]; April offered, 4.75 c. NEW CORK PETROLEUM. NEW YORK, March 21.—Petroleum prices maintained their steady trend on the market today, Pennsylvania crude belling at $3.25 per barrel. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets Jf Swift & Cos.: Ribs —No. 2. 20; No. 3,15 c. Loins—No. *2, 24c; No 3.18 c. Rauuds—No. 2. 15c; No. 3.14 c. 2. 16c; No. 3. S%c. !‘Utea—No. 2. WSo 3 7c PA It ISDENIKS NC E. PARIS. March Sl.Vp^L^Mh^^officc /V? .-,.t V'.-.i. to inS

STOCK MARKET TONE IRREGULAR Final Business Conducted on Small Scale. NEW YORK, March 2L—The stock market closed irregular today. Late dealings were on a small scale, with fractional recessoins in most of the leading issues. United States Steel yielded from 95% to 94% and Baldwin Locomotive dropped 1 point to 107%. Sttidebaker. after touching 105, yielded to 104%, and Midvale Steel yielded over 1 point to 33%. New Haven continued In demand, selling at 19% and Erie first preferred rose over 1 point to 18%. Texas Gulf advanced nearly 2 points to 42% and Lima Locomotive rose over 4 points to 104%. Government bonds were unchanged and railway and other bonds were strong. Total sales of stocks for the day were 970,080 shares; bonds, $20,502,000. '(By Thomson A McKinnon.) —March 21— The character of the market has undergone some change. There is a larger percentage of professionalism both in the buying as well as in the selling. The reaction theory has been gaining ground lately and this has prompted not only some selling of long stocks through commission houses, but has encouraged some opposition from the professional element, who have sold stocks on several occasions, but because of thetr inability to mako any important impression on values they havo been prompt *n turning about and covering commitments, so that the net result of bearish operations has been really beneficial to the market. The fact of the matter la that this 1b not a market for bears. Conditions do not favor this element. Financially, the country is in the strongest position that it has ever been in, and industrially we have turned from depression and are facing the road of progress, so that so fur as the tendency of the market Is concerned, this should continue upward for some time to come. On technical grounds, we will of necessity meet with many setbacks, though It is not an easy matter in advance to point out just what development may |>r!ng these about. At the present time we have before us tho Northern Pacifl •> meeting to act on the dividend and attention is centered on this because of recent action of the Great Northern. Should the Northern Pncigc reduce the dividend the bearish element may be counted upon to use this as ammunition in their efforts to force a reaction. twenty stocks average. NEW YORK Mar-h 21.—Twenty industrial stock* Monday averaged 88.28. off .19 per cent. Twenty active rails averaged 79.92, up .59 per cent. CLEARING HOUSE STATEMENT. NEW YORK. March 21—Exchanges, *935,000,000; balances. $73,800,000; Federal Reserve Bank credit balances, $49,700,000. Money and Exchange Indianapolis bank clearings Tuesday were $2,827,000; bank debits, $5,464,000. NEW YORK, March 21— The foreign exchange market was irregular at the opening today, with demand Sterling 10-16 c lower at $4.30%. Francs yielded 1% centimes to 8.96%c for cables and to 8.06 c for checks. Lire were unchanged at 5.08 c for cables and 5.07%c for checks. Belgian francs yielded 3 centimes to 8.41 e for cables and to 8.43%c for checks. Marks were 2% points lower at .0035 c. Guilder cables were 37.80 c; checks, 37.75 e. Sweden kronen cables were 20.16 c; checks, 2H.11e.

MOT“ 8 SECURITIES. (By Thomson A McKinnon.! —March 21 — —Closing— Bid. Ask. Earl Motors 33% Packard com 6% 7 Packard pfd 72 75 Peerless 35 37 Continental Motors com 7 7% Continental Motors pfd. ... 84 .... Hupp com 15% 15% Hupp pfd 90 .... Reo Motor Car 19% 20 Elgin Motors 2% 2% Grant Motors % 1 Ford of Canada 302 300 National Motors 1% 2 Federal Truck 16 18 Paige Motors IS 19 Republic Truck 7 7% ACTIVE OIL STOCKS. (B> Thomson A McKinnon) —March 21. —Opening— Bid Ask Anglo-American OH 17% 17% Atlantic Lobos 9% 10% Borne- Sr ry ser 350 370 Buckeye Pipe Line 04 06 Chesebrougb Mfg Cons 185 195 Continental Oil, Colo 140 145 Cosien Oil and Gas 5 H Crescent Pipe Line 33 35 Cumberland Pipe Line 140 150 Elk Basin Pete 0% 6% Eureka Pipe Line 93 06 Galena-Signal Oil, Pref 110 115 Galena-Signal Oil, Com 44 45 Illinois Pipe Line 175 180 Indiana Pipe Line 102 107 Merritt OH 11% Midwest Oil 2% 2% Midwest ltfg 170 180 National Transit 25 28 New York Transit 175 1.82 Northern Pipe Lino 107 110 Ohio Oil 273 277 Oklahoma P. A R 5% 5% Penn.-Mex 27 30 Prairie Oil and Gas 560 570 Prairie Pipe Lino 236 240 Snpulpa Rofg 33% Solar Refining 300 3SO Southern Pipe Line 97 100 South Penn Oil 180 195 Southwest Penn Pipe Lino .. 50 55 Standard Oil Cos. of Ind 87% 87% Standard Oil Cos. of Kan 540 560 Standard Oil Cos. of Kv 475 490 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 350 300 Washington Oil 25 30 NEW YORK CURB MARKET. (By Thomson A McKinnon.) —March 21— —Closing— Bid. Ask. Acme Packing 35 45 Curtis Aero, com 4% 5 Curtis Aero, pfd 22 28 Goldfield Con 3 6 Jumbo Extension 2 5 International Petroleum 15% 15% Niplssing 6% 0% Standard Motors 4% 4% Salt Creek 14% 14% Tonopah Extension 1% 1% Tonopah Mining 1% 1 15-16 United P. S. New 1% 19 16 U. S. Light and Heat 15-16 19-16 U. S. Light and Heat pfd. ... 1 1% Wright-Martln 2 5 Yukon Gold Mine Cos 1 1% Jerome 35 45 New Cornelia 17% 18% United Verde 28 28% Sequoyah 3 10 Omar Oil 11-16 1% Itep Tire 30 35 Boston A Mont 45 47 Kirby Oil 23% 24 NEW YORK SUGAR. NEW YORK, Xlarch 21.—Raw Sugars were somewhat more quiet in trade on t*'" exchange here today than on the openi. market of the week. There was little trade in Porto Ricos. Cuba* sold at 4.11 c per pound, duty paid. Refined sugar also was quiet, with fine granulated selling at 5.50 c per pound and No. 1 soft [email protected]:. NEW YORK COFFEE. NEW YORK, March 21.—Coffee values were steady on the market today, opening 1 options being 2 to 6 points higher. Rio No. 7 on spot sold at 9%@9%c per pound. NEW YORK RICE. NEW YORK, March 21.—Rice was quieter in trade on the market today. Domestic rice was quoted at 3%@7%c per pound. NEW YORK HIDES. NEW YORK, March 2L—Hides were rather qttie: in trade on the market today. but prices were about steady. Native steer hides were quoted at 12%e bid and branded steer hides at ll%c bid. NEW YORK TURPENTINE. NEW YORK, March 21.—Turpentine kudd at £6%c per gallon on the market ■I today.

INDIANA DAILY TIMES, TUESDAY, MARCH 21,1922.

SWINE VALUES STRONG TO HIGHER Cattle Prices Show StrengthVeals Are Steady. RANGE OF HOG PRICES. Good Good Good Mar. Mixed. Heavy. Light. 13. [email protected] $10.50 @10.85 [email protected] 14. [email protected] [email protected] [email protected] 15. [email protected] 10.25 @ 10.50 [email protected] 16. [email protected] [email protected] 10.55010.65 17. [email protected] [email protected] [email protected] 18. [email protected] 9.75 ® 10,00 [email protected] 20. [email protected] [email protected] [email protected] 21. [email protected] 10.25 @ 10.50 [email protected] With receipts light and the demands by both packers ana snippers brisk, swine prices were strong to 10 cents higher in trade on the local live stock exchange today. Light swine were 10 cents higher in many sales, while other grades were fully strong. Receipts for the day ran close to 4,.>00 and with trading very active practically all of the receipts had been sold at a very early hour in the forenoon. Light swine brought $10.75, with a top of $10.85, while mixed and light mixed sold at [email protected]. There were Hut few heavy hogs on th > market and that number was not extremely heavy, selling around $10,406:10.50. Pigs were in fair demand at $9.75 and down and roughs brought $8.50 and down. Stags sold at [email protected]. Tho bulk of . the sales for the day ranged at $10.50® 10.65. Cattle values were again strong to 10c to 15c higher, with receipts light, the quality good and the demands of the packers pood. There were only about 450 cattle on the market and with the trade active (hese had been sold before the close of the forenoon hours. Veal prices were about steady, with receipts close to 850, the quality fair and the demands of (he shippers good. There was a top of $10.50 on choice veals, while the bulk of that grade brought slo® 10.50. There were only 50 sheep and lambs on the market. • Prices were steady. There were, however, a number of lambs that had been bought in the country by a local packer weighed through the yards. These sold at steady prices, the good lambs bringing sls. HOGS. 160 to ISO lbs. average [email protected] Over 300 lbs 10.09® 10,25 150 to 8t)0 lbs. 10.25® 10 75 Best pigs, under 140 lbs 9.00® 9.76 Top 10.85 Stags 4.5b® 5.75 Roughs 7.7.5® 8.50 Bulk of sales 10.50® 10.05 —CattlePrime corn-fed steers, 1,200 to 1,800 lbs 7.00® 8.25 Good to choice steers, 1,200 to 1,300 lbs 6.75® 7.00 Good to choice steers. 1,100 to 1,200 lbs 6.25® 6.50 Good to choice steers. 1,000 to 1,100 lbs 5.75® 6.25 Common to medium steers, SOO to 1,000 lbs 5.50® 5.75 —Cows and Heifers— Good to choice heifers 5 50® 5.75 Medium heifers 61*9® 7.o<i Common to medium heifers .. 6.00® 6.00 Good to choice cows 4.ob® 5.75 Fair to medium cows 2.50® 4.00 Cutters 3.00® 4.25 Canners 2.50® 3.75 —Bull*— Good to choice butcher bull*. 4 25® 5.50 Bologna bulls 3.75® 4.25 Light bologna bulls 3.00® 3.50 Light to common bulls 2.50® 3.50 —Cal res— Choice veals 10.00@1050 Good veals [email protected] Medium veals 6.00® 8.00 Lightweight veals S.oO®; 5.50 Common to heavyweight veals 5.00® 5.80 —Stockers and Feeders— Good to choice steers under 800 lbs 5.50® 6 50 .Medium cows 2.25® 4.00 Good COWS 3.50® 4.50 Good heifers 5.00® 6.25 Medium to good heifers 4.00® 5.00 Milkers 35.00®75.00 —.Sheep and hunia— Ewes 2.0(1® 5.50 Light sheep 5.50® 8.50 Bucks 2.50® 3.50 Good to choice lambs 10 50®. 15.00 Seconds 7.00® 9.00 Buck iambs 6.50® 6.50 Culls 3.00® 5.00

Other Livestock CHICAGO, Mnrch 21.—Hogs—Receipts, 16.000; market 10@15c lower; bulk of sales. [email protected]; top. $10.50; heavies, [email protected]; mediums. s9.l*s® 10.35 ; lights, [email protected]; light lights. [email protected]; pigs. $8.25@i0. Cattle—Receipts, 8,000; market strong to 15c higher. Beef Steers —Choice and prime, $!)@0.6O; medium aud good. $7.65®*); good and choice. SS.3O@ 9.35; common and medium, [email protected]. Butcher Cattle—Heifers, [email protected]; cows, $4.25@@7: hulls, [email protected]. Canners and cotters Cows and heifers. s3® 125; can ner steers. $4 [email protected]; veal calves, light and handyweight, $6 28,@9.75; feeder steers, [email protected]; stocker steers, $5.40® 7.35; stocker cows and heifers. [email protected] Sheep and lambs Receipts, 11,000; market, killing classes 25c higher; others steady; good to choice lambs, $13.50® 16: cull and common lambs, $10.50® 13.25; yearling wethers, $ 11.50® 14.75; good ew.-s. $(@10.50; cull and common ewes, $3.50@7; breeding ewes (not quoted); feeder lambs. $11.75® 13.75. CINCINNATI, March 21.—Hogs—Receipts, 3,800; market, steady to 25 cents higher ; heavies, $10.50® 10.75; mixed and mediums. $10.75; lights, $10.50; pigs, $9.75: roughs, $8.25; stags, $5.25. Cat-tle-Receipts, 250; market, steady; bulls, strong; calves, $9.50® 10. Sheep and lambs—Receipts. 423; market, steady; ewes, $7; clipped ews. $5; wool lambs, sl6; clipped lambs, sl4; springs, S2O. CLEVELAND, March 21-Hogs—Re-ceipts, 1,500; market steady; yorkers, $10.85; mixed, $10.85; mediums, $10.75® 10.85; pigs, $10.50; roughs, $8.50: stags, $5.50. Cattle—Receipts, 150; market active and steady. Sheep and lambs—Receipts, 500; market steady; top, $15.50. Calves—Receipts, 300; market steady; tog, sll. EAST BUFFALO, March 21.—nogs— Receipts, 8,200; market, active; yorkers, $10.90®ll; pigs, $10.50® 11; mixed, $10.90 @11; heavies, [email protected]; • ouglia, $8,50 (u. 8.75; stags. [email protected]. Cattle—Receipts, 400; market, slow steady; shipping steers, [email protected]; butcher grades, $7 25® 8.25; heifers. $5.73®7.75; cows $2.25®6; bulls, [email protected]' feeders, $4.50@6; milk cows aud springers, s2s® 110. Calves — Receipts, 350: market, steady; cull to choice, $5®6.25. Sheen and lambs—Receipts, 2,000; market, slow steady ; choice lambs, [email protected]; cull to fair, $S@ 15; yearlings, [email protected]; sheep, s3@l2. EAST ST. LOUIS, March 21.—Hogs— Receipts, 10,500; market steady; mixed and butchers, [email protected]; gooil heavies, $10.25® 10.50; roughs. $8.75@9; lights, sloso@ 10.00; pigs, [email protected]; bulk of sales, $10.35® 10.55. Cattle—Receipts, 3,500: market strong; native beef steers, [email protected]; yearling steers and heifers, $7 @8.75; cows, $3.75@6 25; Stockers and feeders, [email protected]; calves, s3@9; canners and cutters, [email protected]. Sheep and lambs —Receipts, COO; market steady; mutton ewes, $S@9; good to choiice iambs, sß®i 15.75; canners and choppers, s2@s. PITTSBURGH, March 21.—Hogs—Receipts, 1,000; market. 10 to 15 cents higher; prime heavies, $10.65@ 10.75; mediums, $11: heavy yorkers, $11; light yorkers, $lO 75® 10 90 ; pigs, $10.50® 10.75; roughs, sß® 8.50; stags, [email protected]; heavy mixed, [email protected]. Cattle—Receipts, less than 100; market, steady; choice. $8 [email protected]; prime, $8.50@9: good, sß® 8.25; tidy butchers, $7.50@8: fair, [email protected]; common. ss@6; common -to good fat bulls, s3@6; common to good fat cows. s2@6; heifers. [email protected]; fresh cow and sprfilgers. $35@73; veal calves. $11; heavy and thin calves, ss@7. Sheep and lambs —Receipts, 500 market, steady; prime wethers. [email protected]: good mixed, s9®> $9.75; fair mixed. [email protected]; culls and commons, s3@s; choice lambs, sl6. CHICAGO PRODUCE. CHICAGO, March 21.—Butter Receipts, 10,200 tubs; creamery extras, 39c; firsts. 34® 38c; packing stock, 15@17c. Eggs—Receipts, 27,164 enstv;; current receipts, 22%@23c; ordinary flrsts,-21@22e; firsts, 23@23%c; checks, 19@20c; dirties, 20@21c. Cheese —Twins, new, 19%@ l!)%c; Cjaisios. 19%@19%e; young Americas, 21%@22%c; longhorns, 23@23%c; brick, 16@16%c. Live poultry—Turkeys, 30e; chickens, 26c; springs, 27c; roosters, 19c; geese, 18c; duek3, 28c. Potatoes— Receipts, 50 cars; Wisconsin Round Whites,, [email protected]; Minnesota Red Rivers, [email protected]; Idaho Kurals, $1.75@ 1.80; Colorado I*Round 1 *Round Whitts, $1.65.

GRAINS SUSTAIN SHARP DECLINES j Export Demand Lacking and Weather Reports Favorable. dHICAGO, March 21. —Grain prices dropped sharply on the Chicago Board of Trade today. Export demand was reported slack, owing to heavy purchases already being made. Weather was favorable in all sections of the grain belt. Country offerings were light, but the Northwestern movement kept up fairly well. There was a conspicuous lack of demand for corn. Provisions closed lower. May wheat opened off %e at $1.38 and closed off %c. July wheat opened at $1.20%, off %c, and closed off 2%c. May corn opened off %c at 61 %e and closed off l%c. July corn opened off %c at 64%c and closed off l%c. May oats opened unchanged at 38%c and closed off %c. July oats opened unchanged at 40%c and closed off %c. (By Thomson A McKinnon.) —March 21— Wheat—The action of Liverpool market iis a disappointment to those who favor higher prices. The large amount of wheat in passage is probably responsible for a less urgent demand in English markets. Our market has been characterized by a complete absence of demand from export sources and a particularly slow demand from milling in forests and from the Investing public. Pronounced Inactivity in export circles is reported by the seaboard, and it is said that Argentine whheat is offering at considerably less than North American sorts. Aif increase in the Canadian visible supply has revieil recollection, of the larger visible in Nortli America than a year ago, together with the fact that it is not decreasing to such an extent so as to confirm various theories as to ultimate* shortage. Primary receipts continue to run equal to or larger than a year ago, despite many prophecies of a decreasing movement. Sentiment is commencihg to change, many in the trade believing that some concrete demonstration of the predicted shortage must soon appear, others arguing that the market is made full response to developments upto date and is now in need ot some new element to stimulate demand. Just now It seems that a considerable improvement in the export business will be accessary to advance prices. Corn und Oats—The seaboard mentions a moderate exp rt business in corn, but the market ignores this, being more inclined to view tho heavy accumulations at various terminals. Shippers are not active buyers of current receipts and although the movement is comparatively small, the shipping demand does not absorb all of It. there being two hundred thousand sold to go to store. In both corn and oats, as in wheat. It appears that a material Improvement in the demand for accumulations must appear before previous arguments forTHgtiTTFprices become effective. Provisions —A slow cash trade colors tho provision market exactly as It has (he grains. Smaller packers have been hedging their output in the deferred delivery. Buying power in products during the day has not been Important, a goodly portion of It being from former sellers.

CHICAGO GRAIN TABLE. March 21— WHEAT— Open. High. Low. Close. May 138 1.38 1.34% 1 34% July 1.20% 1.20% 1.17% 1.18 CORN— May 61% .61% .59% .00% July 64% .04% .62% .63 OATS— May 38% .38% .37% .37% July 40% .40% 39% .37% PORK—-. ♦May 20.00 LAUD— May 11.00 11.10 10,92 10.92 July 11.22 11.30 11.15 11.15 RIBS—•May 10 80 •July 10.22 RYE— May.... 1.06% 1.06% 04% 104% July 07% -07% .96% .96% •Nominal. CHICAGO CASH GRAIN. CHICAGO, March 21. Wheat—No. 3 mixed, $1.20%® 1.32%; No. 1 bard winter. $1.36; No. o hard wllnter, sl.lO. Corn —No. 2 mixed, 57 , -*®s7%e; No. 2 white, 59V ( ®6lc; No. 2 yellow, 58%@00c; No. 3 mixed, 56'*®57c; No. 3 white, 59c: No. 3 Tallow, 66%@57%c; No. 4 mixed, 54® 53>*c; No. 4 white. 55®5i'i%o; No. 4 vel low, 55®560. Huts No. 2 white, 39'.*® 39 %c; No. 3 white, 35%®38c; No. 4 white, C4'.*®3tt%c. TOLEDO GRAIN PRICES. TOLEDO, March 21—Wheat—Cash, $1.43® 1 45; May. $1.43; July. $1.21%. Corn—Cash, 62® 03c. Oats —Cash, 41%® 43'ic. Rye—Cash, $1.03. Barley—Cash, 07c. PRIMARY MARKETS. (By Thomson A Me Tin non) —March 21— —Receipts— Wheat Corn Oats St. Joseph 31.000 10.000 Chicago 54,000 292.000 208.000 Milwaukee .. 3,000 58,000 78.000 Minneapolis .. 208 (too 39,000 599)00 Duluth 161.00 76.000 2.000 St. Louis 83,000 73,(5>0 50.000 Toledo li.ooo 10,000 4,(ssi Detroit K,(SH) 6,000 2,000 Kansas City.. 113.000 29,000 9,000 I'eoria 4,000 43,000 32, 000 Omaha 23,000 71,000 24.IHS> Indianapolis.. 30,000 70,000 52,000 Totals 729,000 777,000 620.000 Year ago .. 677,000 891,000 456,000 —Shipments— Wheat Corn Oats St Joseph 6,000 14,000 4,000 Chicago 45,000 174.000 222,000 Milwaukee ... 4,000 29,000 66,000 Minneapolis .. 108,000 34,000 82,000 Duluth 1,000 St. Louis 76.000 96,000 67.0(H) Toledo 3,000 4,000 2,000 Detroit 2.000 4,000 Kansas City.. 108,000 21.000 22/hh) Peoria 2,000 9,000 40,000 Omaha 16.000 81.000 28,000 Indianapolis 10,000 8,000 Totals 368.000 474.000 545.0(H) Year ago .. 756.000 917,000 546,000 —Clearance— Wheat Corn Oats Boston 16,000 31.000 Philadelphia .. 7.000 26,000 New Orleans.. 99,000 208.(KH) Totals 202,000 334,000 31,000 Year ago . • 136,000 1,167,000

INDIANAPOLIS CASH GRAIN. —March 22 The bids for car lots of grain auil bay at the call of the Indianapolis Board of Trade were: Wheat—No sales. Corn —Easier; No. 3 white, No. 4 white, 61@61V&c; No. 3 yellow, 61 Cu 6114 c; No 4 yellow, 60(0,61>4c; No. 3 mixed, COW6o*4e ; No. 4 mixed, 59(<f59)4c. Oats—Easier; No. 2 white, 42@43Vic; No. 3 white, 38(839140. Hay—Steady; No. 1 timothy, slß@l.B 50; No. 2 (imothy, 317.50®L8c; No. 1 light clover mixed, [email protected]; No. 1 clover, $18.50(819.00. —lnspections Wheat —No. 3 red, 2 cars; No. 2 mixed, 1 car; total, 3 cars. Corn —No. 2 white, 5 cars; No. 3 white, } 2 cars; No. 4 white, 4 cars; No. 5 white, \'i cars; No. 2 yellow. 2 cars; No. 3 yellow, 1 car; No. 4 yellow, 1 car: No. 5 - yellow, 3 cars; No. 2 mixed, 1 car; No. 3 mixed, 1 car; total, 22 cars, i Oats—No. 1 white, 2 cars; No. 2 white, 1 car; No. 3 white, 6 cars; No. 4 white, 2 ears; No. 4 mixed, 1 car; total, 12 cars. HAY MARKET. The following are the Indianapolis prices for hay ’>y the wagon load, delivered : Hay—Loose timothy, $16(817; mixed hay. $15®18; baled liny, sl@l7. Oats New, per bushel, 40(f{42c. Corn—New. per bushel 55(£t.C0c. Corn—Old. per bushel. 55<a00c. WAGON WHEAT PRICES. Indianapolis Hour mins and elevators today were (laying $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 TOLEDO SEED PRICES. TOLEDO. March 21. —Cloverseed—Cash, $10.15; March, $16.10; April, $14.50; October, $11:40. Alsike —Cash. $11.80: October, SII.SO. Timothy—Cash, $3.15; March, $3.15: May, $3225; September, $3.50; October, $3.35.

j In the Cotton Market j NEW YORK, March 2L—The cotton market opened steady today at an advance of one point. Improved weather over the belt led to Southern selling, causing a reaction of about 10 points from the Initial prices. English houses were moderate buyers. New York, opening cotton prices; March, 18.11 c; May, 17.93 c; July, 17.28 c; October, 16.86 c; December, 16.7(>@16.73c. The market was steady in the late dealings, closing at a net advance of 2 to 12 points. —Cotton Futures— Open. High. Low. Close. January 16.65 16.69 16.62 16.65 March 18.11 18.13 17.97 18.09 May 17.93 18.01 17.82 17.97 July 17.28 17.39 17.22 17.36 October 16.85 16.98 16.82 16.95 December 16.80 16.84 16.75 16.81 LIVERPOOL, March 21.—Spot cotton opened In fair demand today. Prices were irregular and sales around 7,000 bales. American middlings fair, 12.27d; good middlings, 11.32d; full middlings, 10.97d ; middlings 10.77d; low middlings, 9.80(1; good ordinary, S,o2d; ordinary, 8.52d. Futures opened dull.

ELLIOTT SAYS SALARIES ARE UNREST CAUSE Consulting Engineer Receives Twice Salary Paid to Mayor. Salaries paid by the board of sanitary comissioners to Us employes cause dissatisfaction among workers In other departments who are not so well paid, declared John L. Eiiiott, city civil engineer and member of the board, today in opposing a tb*tan al Increase in tho aulary of Floyd heber, superintendent of the city garbage reduction plant. President Jay A. Craven suggested Baber’s $2,000 a year pay should Le increased three or four hundred dollars. Mr. Elliott said he would not approve any advance beyond $2,100, because this is a period of general redaction of expenses and to go higher would Increase the dissatisfaction among other employes. He pointed out salaries paid by the board range from $2,000 to $lG,<(6O a year. Charles H. Hard, consulting engineer for the board, draws the $15,000 pay. This is exactly twice the salary of Mayor Sarunel I/ewis Shank. Mr. Craven said much of the $26,000 saving In operation of the garbage pluut In 1921 under the cost in 1920 was due to the efforts of Superintendent Baber and his pay finally was increased to $2,100. Advertising was ordered for bids on eighteen ash and garbage collection trailers to complete motorization of the garbage and ash departments to be received April 20. The board will purchase twenty 1% ton capacity trailers and six of 2-ton size. The estimated cost Is $22,000. When they are delivered the board will do away with the leaky horse-drawn tanks of which citizens frequently have complained, Mr. Craven said. Indianapolis will be one of the first cities to motorize completely its garbage and ash collection departments.

$40,000 Contract SniUGocs to Trial The $-10,000 damage suit filed the Carthage Board and Paper Company of Carthage, by the Lagerloef Trading Company of New Y'ork, in Federal Court for alleged breach of contract went to trial before Judge Albert B. Anderson today. Cancellation of an order for three carloads of pulp is the cause of the litigation.. The complaint alleges that in 1920 and 1921 the defendant with the plantiff for three carloads of pulp and then cancelled the order and refused to accept shipments. Harry (Goosie) Lee Is Given 30 Days Ilarry (Goosie) Lee, negro political worker, has begun a thirty-day Jail t.entence on a charge of keeping a gaming house. Lee’s sentence from city court was affirmed by the Supreme Court. He was convicted of running a gambling house at the "Pioneer Club” on Indiana avenue. Second Obenchain Trial Set for June 5 LOS ANGELES, Cal., March 21.—Mndalaynno Obenchain must face her second (rial for the alleged murder of John Belton Kennedy her lover on June 5. This date was set by Superior Judge Sidney Iteve today. Mrs. Obenchain with attorn*\vs for the defense and prosecution was in court. Against Change WASHINGTON, Mnrch 21.—Suggestions that the Constitution of tile United States be changed in order to permit majority ratification of treaties by the Senate do not meet with President Harding’s approval. Tlie President informed callers this ufternoon that he does not believe the Con stltntion should be changed In Ibis respect and he believes the two-thirds majority necessary to treaty ratification to boa good rule.

Railways Purchase Steel; Anticipate Higher Prices Mills Refuse to Accept Future Contracts at Current Quotations .

PITTSBURGH, March 21.—Buying of Iron and steel continues almost as usual, and it is evident some of the buying is In anticipation of a coal strike, while another phase of tho market Is buying for springtime activities. While it seems that the attempt to establish the independent price at $1.50 for plates, shapes and bars is not yet an accomplished fact, more Independent companies huve joined the movement. Some buyers claim they have purchased below $.1.50, but it is unquestioned that the price position is growing stronger and stronger. The United States Steel Corporation subsidiaries have made no announcement, but their policy has been to follow the market. Purchase by railroads and industries serving the railroads show no signs of letting up. While most of the buying is for replenishment purposes, deliveries are not as prompt, and some users are buying as far as sixty days ahead. Much of the recent buying Is attributable to lower prices. On the other hand, it would appear the railroads anticipate an advance in prices because they are now trying to close contracts for several months requirements. The mills, however, are unwilling to accent such contracts at current prices. On light buying, basic nig iron has established an advance or twenty-five cents per ton to $lB, while foundry is now firm at sl9 and Bessemer at $19.00. For structural steel there Is a continued growth cf inquiry and in orders placed, but the inquiry Is three' or four times the amount of contracts. Some fabricators, have had a heavy increase in inquiries during the last week. Fabricated work continues to move at fairly low figures. In addition to the tonnage of shapes required for car building, general manufacturers have increased their requirements for small shapes in common with

San Francisco Man Enters Ring With Cupid Sixth Time SAN FRANCISCO, Cal., Mach 21. Dr. Gabor Kingston, matrimonial champion of San Francisco, was honeymooning blissfully a sixth time today. Despite the fact Superior Judge Flood threatened a permanent injunction against his matrimonial adventuring when he dissolved the doctor’s fifth marriage knot. Kingstone eloped to Santa Rosa and married Mazzie C. Burke. His record: Wife No. 1, died. Wife No. 2, divorced because of alleged intimacy with chauffeur. Wife No. 3, divorced and gave away in marriage to another man. Wife No. 4, annulled because she gave wrong name. Wife No. 5, divorced because she was mean to him. Wife 6, married in defiance of court order.

SAYS MAN GAVE HIM DRINK OF WOOD ALCOHOL Boy, 16, Relates Story of Obtaining Booze When at Courthouse. A number of ‘‘drunks,’’ blear-eyed victims of the white mule traffic in Indianapolis, appeared before Delbert O. Wilmeth in city court today. Their bruised faces told the story of their condition. Austin Pfaff and Robert Sanders each received a fine of $1 t'.nd costs for drunkenness. Then John Fry, slated under the name of John Doe, for he was unconscious when hauled to police headquarters, and later removed to the city hospital, pleaded guilty to drunkenness and was lined $1 and costs. There were others on a similar charge, but when Everett High appeared the court seemed to show more than a casual interest. "Judge, he was all In he was so drunk when I found him at Pine and Georgia streets last night,” testified a patrolman, "and he is only 16 years old.’’ The court questioned the boy who only yesterday was In the court after he had been arrested on charges of disorderly conduct. High said his father was dead and that his mother lived in Anderson. Ho said he bummed his way to Indianapolis Friday and had been staying at the home of a boy friend at 027 Fletcher avenue. He said he met a man he did not know at the courthouse yesterday and the man gave him wood alcohol to drink. He remembered nothing until he awoke In the cell room at police headquarters. The court continued the case until an Investigation could be made. Earl Leonard, 26, 4705 Winthrop avenue, was fined SIOO and costs on the charge of operating a blind tiger. About a week ago the police raided his home and found a lot of mash which was being made into wine. He was not at home and was not arrested until today when, accompauied by the police he appeared in city court and, after a brief hearing, was fined.

OUTLAW STRIKE MENACE HOVERS Shop Crafts Are Restless, Particularly Rail Employes, Labor Leaders Say. WASHINGTON. March 21—The danger of sporadic "outlaw’’ strikes in varied industries, principally on the railroads, as an accompaniment to the nation-wide coal strike due April 1, was held out by labor leaders here today. Already some employes of the Erie Railroad at Soranlon and Duntuore, Pa., at Hornell, N. Y., have laid down against tho roads' policy of letting out shop work to private contractors. The shop crafts are restless, labor leaders said, because of the delays experienced in getting cases through the Railway Labor Board, and this restlessness has been Increased by some roads opently flouting the authority of the board. An epidemic of "outlaw” strikes on the railroads, particularly on those which, like the Brie, run through coal country, would add greatly to the seriousness of tho coal tie-up. Britain Will Pay Semi-Year’s Interest LONDON, March 21.—Great Britain will pay half a year's Interest upon her debt to the United States in the autumn, it was announced officially in the House of Commons this afternoon by Robert Horne, chancellor of the exchequer. PILES TO BE MINISTER. WASHINGTON, March 21.—Ex Senator Samuel H. Piles of Washington has been selected Minlstet to Colombia, the White House announced today.

bars and plntes, and the tonnage on mill books is decidedly better. The demand for sheets is much better and there is a better engagement of mill capacity than before. The bulk of the orders is for early shipment, but second quarter deliveries are requested in some orders. Galvanized sheets figure prominently in the orders and there also have been good bookings of blue annealed sheets. In the main, there is pretty close observance of regular ((notations and cut prices are exceptional. Despite the Increase to $1.40 for plates by some makers, sales have been reported at that price. On the whole, however, makers have assumed a stronger attitude on prices generally. Semi-finished steel does not yet reflect the improvement except for forging billets. Open market transactions are small and few, but mills are doing better, as (here is a further growth of shipments against contracts with finishing mills. Prices of steel pipe are firmer and some very attractive prices have been withdrawn. Pipe mill operations continue on about the basis of 60 to 70 per cent of normal capacity. Less than carload quantities are numerous. The demand for tinplate is now coming from many sources and priees are firm and sizeable quantities of black and galvanized and bfue annealed sheets are being bought. On export business prices, in competition with Welsh mills, are cut as low as $4 per base box. Steel rail orders and releases for the week were in excess of 100 tons and steel orders about 2,500 tons. —Copyright, 1922, by Public Ledger Company.

Bank and Trust Company Stocks and Tire Company Stocks See Curb Market .. 4 IS Lemcke Bldg.

I BUY j AKD SELL

JURY SWORN TO TRY RICKARD MIDDLE AGED Panel to Try Fight Promotor for Luring Girls Obtained Today. CROWDS IN CORRIDORS NEW YORK, March 21—A jury uM the trial of George L. Rickard, note™ boxing promoter, was completed at 1:30 o’clock this afternoon in Justice Wasservogel's court. The first witness will bo called at the afternoon session. The jurors secured today are Albert C. Hoy, cotton broker; William C. Agar, broker; William E. Dawson, auditor; E. I). Thorpe, real estate, and Orton G. Dale, mechanical engineer. Those selected yesterday are Albert L. Nash, broker; Charles L. Perrin, retired ; George Ciine, Jr., sulesmanager, Edward Aaron, wholesale haberdasher; James 0. Rafferty, purchasing agent; Irving J. Hess, importer and William J. Sirus, bank teller. The jury as a whole is middle aged and was classed by court attaches as unusually intelligent. KXfKAHD WATCHES SWORN IN. Rickard watched the swearing in of the twelve men who control his fate with an expression of deep interest. He and his attorneys put their heads together and seemed well satisfied as the last man was accepted by both sides. During the court recess for lunch the millionaire fight promoter was kept in custody. He did not have to subsist on Die ordinary food furnished Tombs prisoners for lunch, however. Special dishes were brought in. In a nearby room, in custody of agents of the Society for Prevention of Cruelty to Children are the girls whose stories the Stare expects will send Rickard the penitentiary. CURIOUS MEN ™ FILL CORRIDORS. The corridors were thronged with men anxious to get into hear these girls tell what they alleged occurred in the tower of Madison Square Garden—scene ox Stanford White’s famous studio parties which were aired in the Thaw trial and in the fashionable apartment where Rickard is charged with having lured them. It was learned the prosecution is digging into Rickard's past life in an ef-' fort to show that he has been involved in other cases similar to this one. Agents of the S. I’. C. C. have made inquiries in at least one mid-western city. Rickard is confident he will prove tho whole affair is a frame-up, backed by men who seek to shake him from control of high-class boxing in New York.

SCHOOL BOARD WILL EXPLAIN, SAYS MR. BARRY (Continued From Page One.) - needed, is beyond question, and tho board has been unable to explain away or ignore the situation. SAYS BOARD LACKS NECESSARY FUNDS. According to rough figures given out by Walter J. Twiname, business director, which are believed approximately correct, the board will have only about 5i.200,000 available for school buildinjg purposes for the next two years, or sibly longer. Meantime the city Is growing the number of school children old buildings becoming obsolete and necessity of extensions of school ities becoming more pressing every day. When the new board went into office President Barry made a great point of the fact that careful attention would be given to the building program, which would be worked out promptly aud effectively. Almost three months has passed since then and today was the first time the matter has been considered seriously at a board meetiug. BARRY DECLARES OUTLOOK GLOOMY. “Administrative costs have risen,” Mr. Barry said, and a survey of the financial condition of the school shows we are even worse off than we anticipated. Tho board must exercise the utmost, skill to take care of the school needs of the city for the next two years. Wo ought to take the public into our confidence, call a public meeting and lay before it the problem sincerely aud frankly. This will give our citizens a better understanding of why it may be necessary for us to build plainer buildings, containing nothing but classrooms.” Mr. Barry went on to explain the plans for schools Nos. 16, 36. 38 and 63 which were prepared by the old board and provided for an expenditure of more than SBOO,OOO should be revised. These plans were the cause of so much criticism by the State board of tax commissioners last year and resulted in the board refusing to approve the bond issue for their construction. m Adolph Emhnrdt, a board member suggested the buildings and grounds committee, which is composed of the entire board, hold a meeting and decide upon some definite action about the building program. Commissioner W. D. Allison said this meeting should not be put off any longer than necessary and it was agreed it would be held in the near future.

! SAYS BOARD HAS BORROWED MILLION. I In explaining the financial condition of : the school city, Mr. Twiname said about 1 $1,800,000 has been borrowed at different j times for current expenses from tho | building bond fund. This has been ri funded out of taxes collected, but in doing this the school revenues were cut into to such an extent it has been necessary to borrow $1,000,000 from outside sources and another loan of approximately half that amount must be made later in the year. This entire loan will be converted Into bonded indebtedness, which will bring the total indebtedness of the school city to $10,.'00,000. The limit under the law Is $11,700,000, which will leave only $1,200,000 available for school building purposes, unless the board should decide to build by direct taxation, which plan was under consideration by the old board before it went out of office. Alleged Defective Cable Causes Suit Judgment for $5,000 is asked agains* Max Katz, 546 South Meridian proprietor of the Katz Bag Company in a suit filed in Superior Court, Room 2, todav, for injuries to Joseph Kiss, 5. It is alleged on Feb. 27, 1922, an employe of the Katz Bag Company endeavored to tow a truck by attaching a rusted and rotten cable to a second truck. It is said the cable broke and the boy was injured, duo to tha negligence of the company. iainin"(Falls german specialist. BERLIN, March 21.—Prof. George Klemperer, specialist on internal diseases, has been summoned to Moscow. It Is reported he will treat Premier Lenin.

NEWTON TODD