Indianapolis Times, Volume 34, Number 280, Indianapolis, Marion County, 4 April 1922 — Page 10

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STOCKS REGISTER LATE RECESSIONS Studebaker Stages Come-back During Final Hour. NEW YORK. April 4.—The stock market closed steady today. The market was steady in the late dealings, although many issues receded somewhat sharply from the early high levels. Studebaker, after falling to 114%, rallied to 113%. t'nited States Steel yielded to 96% and Baldwin Locomotive was 2% points below its early high. United States Cast Iron Pipe rose 1% points to 3714. St Paul preferred rallied 1 point to 39%. The chemical stocks held most of their early gains. Government bonds were unchanged and railway and other bonds steadv. Total sales of stocks for today were 1 32:1,500 shares; bonds, $10,450,000. (By Thomson & McKinnon) —April 4 The stock market was ngain broad and active today, with the volume during the tirst hour the largest that we have had in a couple of years. Many stocks reached new high prices. The commission houses were again unusually active, indicating a growing pubiie interest. The demand from this source was sufficiently broad to permit of the absorption of considerable stocks that were sold for the purpose of accepting profits. During the forenoon a rather violent setback occurred in Studebaker, which tad a tendency to unsettled the market generally. There was no good reason to be asigned for this and. in all likelihood, it was thi result of bearish pressure as .ell as some overextended long lines, were being liquidated and this uggesfs the advisability at this time of -tying closer attention to the technical •ndition of our market. It must be apparent to market obrvers that after such a continuous advance as we have had, the short interest as been either eliminated or reduced to uch an extent as to be no longer a onree of support. Therefore, we must be prepared for lore violent reactions than we have as et experienced in the event of any unfavorable development and with this •ought in view we would suggest the dvisability of accepting profits on at least a portion of your holdings in the ry active issues and reinvesting in aose that have not yet participated any sual extent in the rise. TWENTY STOCK AVERAGE. NEW YORK, April 4.—Twenty indusrial stocks Monday averaged 00.05, up '7 per cent. Twenty active rails averted 51.20. op .5S per cent. CLEARING HOUSE STATEMENT. NEW YORK. April 4.—Exchanges. , 43.300,000; balances, $94,400,000; Federal cserve Bank credit balances, $00,900,000.

Money and Exchange Indianapolis bank clearings Tuesday vere $2,950,000; bank debits, $6,349,000. XLW YORK, April 4.—The foreign N hange market onened firm today, with uand Sterling “sc higher at $4.40%. rams advanced 4% centimes to 9.14 %e r cables and 9.14 c for checks. Lire •se 4 points to 5.33%c for cables and 33c for checks. Belgian francs ad-n.-e-l 2 centimes to 5.47 c for cables dto S.4C_.c for checks. Marks yielded of a point to ,0031 c. Guilder cables ru 37.97 c; checks. 37.92 c. Swedish ■an cables were 26.18 c; checks, 20.13 c. MOTOR SECURITIES. (By Thomson & McKinnon.) —April 4 arl Motors 2% 3 ’ackard com 7% 7% ’ackard pfd 70 73 ’eerless 35 37 ontineutal Motors com 7*4 S intinental Motors pfd. S8 92 lupp com 17 17(4 iupp pfil 90 . 800 M-.ror Car 20% 21 Elgin Motor* 2% 2** Ford of Canada J3O 310 National Motors 1% 2% Federal Truck 19 21 I’aige Motors 17% IS% Republic Truck 7% S ACTIVE OIL STOCKS. (By Thoms t & McKinnon.) —April 4 —Opening— Bid. Ask. Anglo-American Oil 17% 17% Atl.antie Borne-Scrymscr 350 370 Buckeye Pipe Line 94 In', Chcschrough Mfg. Cons ?9o 195 Continental Oil, Colorado... 135 Cosden Oil and Gas 5 S Crescent Pipe Line 33 ?4 fumborland Pipe Line 140 150 Elk Basin Pete 0% G% Eureka Pipe Line 93 Oil Galena-Signal Oil, pfd 110 115 Galena-Signal Oil. com 44 40 Illinois Pipe Line 170 179 Indiana Pipe Line 162 105 Merritt Oil 10% 10% Midwest Oil 2% 3 Midwest Itfg 170 ISO National Transit 27 28 New York Transit 165 175 Northern ripe Line 105 107 Ohio Oil 273 278 Oklahoma P. & R 5% 5% Pcnn.-Mex 27 30 Prairie Oil and Gas 558 563 Prairie Pipe Line 228 233 Sapulpa ltefg 3% 3% Solar Refining ..340 360 Southern Pipe Line 97 99 South Penn. Oil .....178 IS3 Southwest I'enn. Pipe Lines. 60 04 Standard Oil Cos. of Ind 88% 88% Standard Oil Cos. of Kan.... 550 550 Standard Oil Cos. of Ky 480 495 Standard Oil Cos. of Neb 165 17.5 Standard Oil Cos. of N. Y.... 373 379 Standard Oil Cos. of 0hi0....390 410 Swan A Finch 25 35 Vacuum Oil 34S 355 Washington Oil 24 29 NEW YORK CURB. (By Thomson & McKinnon.) —April 4 —Closing— Bid. Asked. Acme Packing 50 55 Curtis Aera com 4% 7 Curtis Aero pfd 24 27 Goldfield Con # 4 0 dumbo Extension 3 5 fnternat. Pete ...t. 15% 16% N'ipisslng 0 0% Standard Motors 4% 5 Salt Creek 14% 14% Tonopah Extension ........ 1% 1% Tonopah Mining 1% 1% United P S new 5% 6 U. S. Light .V Heat 1 1% U. S. Light A Heat pfd 1 1-1 G 1% Wright-Martin 2 5 s'nkon Gold Mine Cos 1 1% Jerome 3% 3% New Cornelia 17 IS United Verde 27 28 equoyah 3 10 Omar Oil 92 95 Rep. Tire 40 50 Boston & Mont 21 23 Kirby Oil 23 24 NEW YORK PET ROLE CM. NEW YORK, April 4.—Petroleum prices were steady in trade on the market here today, Pennsylvania crude selling at $3.25 per barrel. NEW YORK TURPENTINE. NEW YORK, April 4.—Turpentine sold at Ss%c per gallon in trade on the market here today. Joy Ride Helps to Land Couple in Jail From joy ride to jail was the experience of Fred Ferguson. 411 East North street, and Ethel Willits, 1409% East Washington street last night. At" about 11 o'clock the police received a hurry-up call from the Indiana Taxicab Company, 224 East New York street, and on arriving there were told by Earl Gray, a taxi driver, that Ferguson refused to pay a $4 taxi bill, and had kicked the windows out of the ear. Ferguson and Miss Willits were arrested on charges of drunkenness, and malicious destruction of property.

N. Y. Stock Exchange (By Thomson A McKinnon.) —April 4 Prev. High. Low. Close. Close. Ad.-Rum. com.. 16% 10% 10% 17 Ajax Rubber ..17 17 17 17% Allied Chemical 08% 00 07 % 07% AUis-Chaimers . 47% 40% 40% 47% Am. Beet S. .. 42 41 41% 40V S Am. Bosch M. . 44% 44% 44% 45% Am. Can 48% 47% 47% 48% Am. Car & F. .155% 154 154 150 American Ice ..108 107% 107% 107% A. H. &L. pfd. 09% 08% OS'x 09% Am. Inter. Corp. 45% 43% 44% 43% Am. Loco 117% 110% 110% 111% Am. Steel F. . 37% 30% 37 07% Am. S. A Ref. . 04% 53% 53% C3-tf Am. S. Ref. ... 73% 71% 72 71% Am. S. T. Cos. .. 33 32% 32% 33% Am. Tel. & Te1..121% 121 121% 121% Am. Tobacco .. 141% 139% 140 139% Am. Woolen .. $9% SS% 88% 88% Anaconda .... 52% 51 51% 51% Atchison 98 97% 97% 97% At. Coast I.iue 95% 95% 95% 95 f \t. Gulf & SV. I. 33 31% 32% 30% Austin Nicholas 25% 24% 25 25% Baldwin L0c0...114% 111% 112% 113% B. & 0 42% 41% 41% 42% Beth. Steel (B) 75% 74% 74% 74% Brook Rap. T... 17% 17% 17% 18% California Pete.. 54% 53% 53% 51% Canadian P. It. 137%, 137 137 137% Ceil. Leather.. 3S 37% 37% 37% Chandler Motor 70% 75% 70 70% C. & 0 03 02% 63 02% CM A St. P com 24% 2.3% *23% 24% CM & St. P pfd 40% 38% 39 39% Chi. A North... 72 71 71 71% CR 1 & Pac.... 41% 40% 40% 40% CItI & P t'pet pBO 78% 80 79% CRI A P 7pct p 9.344 92% 92% 93% Chili Copper ... 17% 17% 17% 17% Cluctt & P 55% Chino Copper .. 27% 27% 27% 27% Col. Gas 84% 81% 84 81% Coca Cola 50 45% 48% 49 Col. Fuel Iron.. 30% 30 30 31% Cons. Gas 109 108% 10s % 109 Con. Can 02% 02 02 02% Corn Prod. ... 105% 104% 104% 105% Crucible Steel.. 00% 58% 59% 59 Cuban Am. Sug. 23 22 22 % 21% Cuban Sugar... 10 15% 10 15% Del. & Lack. . 117 110 110 110% Dome Mines ....20% 20% 20% 20% Erie 12% 11% 11% 12% Erie Ist pfd.... 19% 19 19% 19% Endieott & J... 83% 83% 83% 83% Famous Ply’rs.. 81% 79% 80 81% Fisk Rub. C 0... 17% 10% 10% 17 Gen. Asphalt .. 04% 62% 02% 63% Gen. Cigars .... 72 70 72 “0% Gen. Electric ..159% 158 159% 158'-'. Gen. Motors ... 11% 11% 11% 11% Goodrich 40% 39 39 40% Gt. North, pfd. 72% 71% 71% 72 Gt. North. Ure.. 37 36% 36% .37% Gulf States 5... 73 71% 71% 72% llupn 17% 10% 10% 17 Houston Oil .... 78% 77% 77% 77% Illinois Central 103 102% 163 161 Inspiration Cop. 40% 40% 40*4 40 Inter. Harvester 98 97 % 97% 98 International N. 10% 10% 10% 10*4 Inter. Paper .. 47% 4040 47% Invincible Oil.. 19% 19 19% 19% Kan City. South. 20% 20 20 „ 20% Kelly-S. Tire .. 47% 4040 ' 47 Kenaecott Cop. 30 29% 29% 30 Lncka Steel 52% 50% 50% 01% Lee T. and Rub. 32% 32% 32% 33% Lima Loco 111% 110% 110% inn, Lehigh Valley. 60 1 -. 59% 59% 00% L. A N 115% 115% 115% Loews, Inc. ... 15% 15 15*% 15% Martin Parry . 29% 29 29 29% Marine com. ... 17 : % 10% 17% 10% Marine pfd. ... 75% 72 73% 7:% May Stores 119% 117% 118% 119% Maryland Oil .. 27 20% 26% 26% Mex. Petro 124*4 1-’l% 122% 123% Miami Copper.. 27% 27% 27% 27% Middle S. O. ..14 13% 13% 13% Mid. Steel 34% 33% 34 34% Missouri-l'ac. Ry 2% 22% 22% 23% Mis.-l’ac. R. pfd 55% 55% 55% 55 Molt, A Ward. I>% 18% 18% 18 Nat onal Lead.. 75% 75% 75% 926. Ne’- Con. P. ... 15 15 15 15 ' V Y. Air B. ... 68 68 6$ V. V. Central.. 87% 80% 80% 87% Ne - .' Haven 20% 20 20 20’” Norfolk A W.. .103% 102% 102% 103% North. Pacific.. 73% 75% 75% 75% Ok. P. A K. Cos. 2% 2% 2% 2% Owen Bot. com. 32 32 32 32 Pacific Oil 54 % 54 54 5*4% Pan-Am. Petrol. 37 55% 3*l 30*1 I'ena.n Ry 41% 50% 41 41 People's Gas 82% 81% 82% 81*4 IVre Marquette 29% 28% 28% 29 Pierce Arrow... 21% 20% 20% 2<*% Pierce Oil C 0... 9% 8% 9 9 Pull. Pal. Car.. 12.5% 122% 12:.% 122% Pure Oil 32*4 31% .31% 32% Ry. Steel Epr.. 99 99 99 98% Reading 75% 74% 74*4 75% Rep. Iron & Stl. 34% 53% 33% 5*4% Bepiogle Steel.. 33% 32 .32 33 Ry. D. of N. V. 57% 50% 56% 50% Sears Roebuck.. 75% 74 74 75% Sinclair 26 25% 25% 25% Slos-Shef. S. &I. 42 41% 41% 42% South. Pa 87% 80% 87 87% South. Ry 23% 22*4 2.3% 23% Stand. Oil of Cal. 98 97 97 97*i Stand. Oil N*. J.178'4 174'% 174% 179 St. LAS.F. c. 29% 29! 4 29% 29% Stew. & War... 38% 38 38 38% Stromh. Carb. . 47% 47% 47% 48% Studebaker 119 114 115% 117% Tex. Gas & Sub 41% 41 41 42*4 Tex. Coal & Oil 27% 20% 20% 20% Texas Cos 45*4 44% 44% 45% Texas and Pa. 32*4 32% 32% 32% Tob. Products . 63% 02% C2* 4 03 Trans. Oil 10 9% 9*4 9% Union Oil 19% IS% 1,8% 18% Union Pacific ..134*4 133% 1.34 143% United Drug .. 65% 08% 65% 70 United Fruit ..148 143% 147 143% U. S. Retail S. 40 45% 45% 4.5% U. S. C. i. AS. 37% 33% 35% 30 U. S. In. A 40% 44% 45% 40*4 U. S. Rubber.. 0.3% 01% 61% 03% U. S. Steel ... 98% 96% 90% 97% U. S. Steel pfd.117% 117% 117% 117% Utah Copper... 04% 63% 01 6.3% Van. Steel ... 44 42% 42% 42% Wabash 9*4 9% 9% 9% Wab. Ist pfd... 31% 3*% 30% 31% Wilson A Cos. . 42% 42% 42% 42 W. Pump 5.3% 52% 52% 54% West. Airbrake. 89 89 89 99 West. Elec. ... 58 57% 57% 57% White Motors .44 43 43% 43% W. Overland .. 8% 8% 8% 8% White Oil 10% 10 10 10% Wis. Central ..30 30 30 30

NEW YORK LIBERTY BONDS. —April 4 Prev. High. Low. Close. close. I>. B. 3Vis 98.90 88.40 98.84 98.31 I* B. 2d 4s !18.70 L. 11. Ist 4 % s.. . D*.r>4 99.20 99.24 jis.iM L. It. 8(1 4’ is 98.94 98.78 98.90 i'S.7(l L. It. 3d 4Vis 89.54 99.48 99.54 99.50 L. B. 4th 4%5.... 88.30 89.03 99.16 99.08 Victory 3%s 100.04 100.02 Victory 4%s 100.90 100. SS IUO.SS 100.90 CHICAGO STOCKS. (By Thomson & McKinnon.) —April 4 Open. High. Low. Hose. Am Ship 95 90 95 90 Armour Co.pfd.. I*7 Arm. Leather.. 12% Chl.L By*, pfd. 6 Com. Edison ...127% Cont. Motors.... 7% 8 7Ts 7% Deere & Co.pftl. 71 Earl Motors 33 2% 2'A Libby McNeill 4% 4% 4% 4% Mont. Ward 18Vi 18% 18% 18% Pick & Cos 28% 28% 27% 27% Pigly. Wigly. A. 40% 40% 4040 Quaker Oats 94% 94% 94% 94% Itco Motor 21 21% 21 21% Stew. Warner... 38% 3.8% 38 38 Swift & Cos 104% 105 104% 105 Swift Inti 21 21% 21 21 Thompson (.1 It) 43tff 43% 43% 43% r.Car. & Carbo. 57% 57% 57 57 Wahl 68 68% 67 67 Wrlgle.v 100 100 99% 99% Yellow Taxi 78% 79 77 77 NEW YORK SUGAR. NEW YORK. April 4.—Raw sugars were firm today, Cubas selling at 3.98 c per pound, duty paid, and Porto Ricos at 3.80 c per pound, duty free, delivered. Refined sugars were steady, fine granulated being quoted at 5.25<fj5.50c and No. 1 soft at 5.30 c per pound. * NEW YORK COFFEE. NEW YORK, April 4.—Coffee values were steady in trade on the exchange here today, opening options being 2 points higher to 2 points lower. Rio No. 7, on spot, sold at 10%c per pound. NEW YORK RICE. NEW YORK. April 4. Rice prices were unchanged on the market here today. domestic selling at 3%<g7%c per pound. NEW YORK WOOL. NEW YORK, April 4.—W00l prices again ruled firm in trade on the exchange here today, prices of the past week or more being maintained. NEW YORK HIDES. NEW YORK, April 4.—Hides were steady in trade on the market here today. native steer hides being quoted at 12%@13c per pound tad branded steer hidue at ll%c.

GRAINS SUSTAIN IRREGULAR CLOSE Lack of Selling Pressure Only Market Feature. CHICAGO. April 4. Grain prices closed irregular on the Chicago Board of Trade today. Lack of selling pressure was one of (he features of the market. Large orders from eastern commission houses were placed. Provisions were irregular. , May wheat opened at $1.33 off %c, and was off %c at the close. July wheat was off %c at the opening of sllß% and closed up %c. May corn opened at 5S%c, and closed unchanged. July corn opened at Gl?4c, off %c, and closed %e higher. May oats opened at 36%c, off %c. and closed unchanged. July oats opened unchanged at 39c and was off cat the close. —April 4 (By -Thomson & McKinnon.) Wheat—Firmness in Liverpool wheat market was attributed to fixing of a higher export duty on Argentine shipments rather than to any Improved Uemond; in fact, the continentay demand was reported slower. The early advances in prices made it profitable to move wheat to this market from some Southwestern points, although the amount of this business actually closed was not large. Seaboard advices indicate another slow day in export circles. On this point we want to mention that it is only ninety days to the new crop and the present rate of foreign demand cannot possibly exhaust the remaining surplus of North America within that time. Bradstreet's figures of the available supply show 50,000,000 larger than last year. Supplies in sight do not corifirn previous theories of scarcity, because of this and because of the indifferent milling and export demand, holders of the May wheat are inclined to liquidate. In some circles there is the opinion that if there is to be any merit in wheat, it will be derived from prospects of a short crop of winter wheat. This being so. the July delivery is gaining favor. The increasing relinquishment of ideas of scarcity, the practically complete absence of export or milling demand leave the market very much In need of a strong motive, if prices are to be advanced. On the other hand, weakness is not likely to materialize, because of the poor start of tlie winI ter wheat crop. We are inclined to anticipate a narrowing of the May and July spread, but deem it unwise to have decided convictions on either side of the market. Corn and Oats—So far as the public | at large is concerned, corn and oats markets are neglected, the consequent narrowness of volume makes prices quite sympathetic with wheat. Each day there is talk of ! export business in corn, but. it does not show in this market. It is claimed that Interior points and accumulations in the East are supplying the demand. Oats are influenced somewhat by the delay in seeding, but demand on this account is by no means general Provisions —Firmness in Tverpool prices and in hogs prompted a *■ attered demand in the provision list. No important trade was under way. The cash trade, both domestic and foreign. 'is not sufficiently brisk to advance [ prices to any great extent.

CHICAGO GRAIN TABLE. —April 4 WHEAT — Open. High. Low. Close. Mav 1.33 1.35 1.32 1.32% Julv 1.18% 1.19% 1.17% 1.18% CORN— May 58% .59% .58% .58% Julv 01% .02% .01% .01% OATS— Mav 30% .37% .36% .36% July 39 .39% .38% .38% PORK—•May 18.75 LAltb— Mav 10.60 10.75 10.55 10.72 July 10.90 11.00 10.80 11.00 RIBS— - Mav 11.10 11.20 11.10 11.20/ •July 10.53 RYE— May.... 192 1.02% 1.01 1.01 July 93 .93% .92% .92% •Nominal. CHICAGO CASH GRAIN. CHICAGO, April 4.—Wheat No. 3 red. $1.32; No. 1 hard winter. 81.35%; No. 3 northern spring, dark. $1.38%. Corn No. 2 mixed, 50%f0 57%e; No. 2 white, 5Sf,/sS',e; No. 2 yellow, 57%'0-58%c; No. 3 mixed. 54*4'11.55c; No. 3 white, 576' 57%e; No. 3 yellow. 55% fit 50%e; No. 4 vellow. f.V((55%c. Oats—No. 2 white, 37'-; No. 3 white, 35%'(j35%c; No. 4 white, 33%®.30%c. TOLEDO SEED AND GRAIN. TOLEDO, April 4.—Cloversoed—Cash, $11.50; April, $13.35; October, $11.25. Alsike—fash, $11.50. Timothy—Cash. $2.95; May. s3.<:o; September, $3.30; October, $3.25. Wheat —Cash, $1.406i I. May, $1.40%; July, $1.21%. Corn— Cash. OKto2c. Oats— ( ash, 410/ 13c. Rye —Cash, 99c. Barley—Cash, 08c. PRIMARY MARKETS. (By Thomson & McKinnon.) —April 4. —RECEIPTS— Wheat Corn Oals St. Joseph 40.003 15.000 8,000 Chirngi 31,000 379,000 157,000 Milwaukee 0.000 34,000 32,1KK, Minneapolis ...208,000 9.000 24,000 Duluth 55.0 6 11.000 2.000 St Louis 42,0. Cl 40,610 44,000 Toledo 11 900 10.000 0,000 Detroit 8.000 7,000 4,000 Peoria 1,000 53,000 38,000 011-aha 29,000 39.000 9.000 Indianapolis .. 15.000 49,000 -10,000 Totals 449,000 052,000 304,000 Year ago .. 040,000 482,C00 370,000 —SHIPMENTS— Wheat Corn Oats St. Joseph 1,000 18.000 2,000 China; 0 11,000 150,000 8.5,000 Milwaukee 10,000 45,000 40,000 Minneapolis ... 78.000 11,000 09,1)00 Du'uth 5,000 St. Louis *44,000 58,000 06,000 Toledo 21,600 2,000 8,000 Peoria . 2.000 25,000 20,00.) Omaha 5,000 12.000 22.000 Indianapolis 7,600 38,009 Totals 177,(410 435,000 354.000 Year ago .. 400,000 211,000 200.000 —CLEARANCES— Wheat Corn Oats New Y'ork 91,000 Boston 10,(4)0 20,000 Philadelphia 01,000 Tota's 10.000 90,000 91,00) Year ago .. 373,000 211,000 71,000 INDIANAPOLIS CASH GRAIN. * —Ajtril 4 Bids for ear lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Steady; No. 2 red, $1.39® 1.40. Corn—Steady: No. 3 white, 006/file; No. 4 white, 59®59%c; No. 3 yellow. 58%®.59c; No. 4 yellow, 57%®58c; No. 3 mixed, 57%®545c; No. 4 mixed, 00%@ 57c. Oats—Steady: No. 2 white, 39® 42c; No. 3 white, 37%35c. Hay—Steady; No. 1 timothy. $18.50® 19; No. 2 timothy, sl.B®: 18.50; No. 1 light clover mixed, $17.50@15; No. 1 clover, slo® 20. —lnspections Wheat—No. 3 red, 1 car; No. 4 red, 1 car; total, 2 cars. Corn —No. 3 white, 1 car; No. 5 white, 1 ear; No. 3 yellow, 2 cars; No. 5 yellow, 2 cars; No. 3 mixed. 2 cars; No. 4 mixed, 2 cars; No. 5 mixed, 1 car; No. 6 mixed, 1 car: total, 12 curs. Oats —No. 2 white, 1 car; No. 3 white, 3 cars; No. 4 white. 1 car; total, 5 cars. Hay—No. 1 clover mixed, 1 car. nAY MARKET. • The following are the Indianapolis prices for hay by the wagon load, delivered : Hay—Loose timothy, $176418; mixed hay, slo® 17; baled Lay, $ 17®; 18. Oats —New, per bushel, 42@44c. CHICAGO PRODUCE. CHICAGO, April 4.—Butter—Receipts, 11, tubs; creamery extras, 35c; standard;. 35%c; firsts 32@34c; packing stock, H:®!lSc. Eggs—Receipts, 39,400 cases; current receipts, 22%@23c; ordinary firsts. 21%@22c: firsts, 23% ® 23%c; checks, 20c; dirties, 20®21c. Cheese— Twins, new. lSVic; daisies, 17%®18c; young Americas, 19%®20e; longhorns, 19%c; bricks, 14%c. Live poultry— Turkeys, 30c; chickens, 20c; springs, 30c; roosters. 20c; geese, lSe; ducks. 30c. Potatoes—Receipts. 49 cars; Wisconsin Round Whites, $1.50® 1.75 per 150-lb. bags; Minnesotns, $i.40®1.55; Idaho Rurals, [email protected]; Idaho Russets, $1.90 @2.

INDIANA DAILY TIMES.

Improvement Shown in Steel and Iron Trade Carnegie Company Blows in Four Blast Furnaces in Past Week.

PITTSBURGH, April 4.—Both prices and operations have improved In the iron and steel trade during the last week. Several makers have marked up wire rods $2 to S3B. Independent makers of sheets have advanced prices $3 per ton on both black and galvanized. Strip steel makers have generally marked prices to $1.90, and all along the line low prices have generally been withdrawn, except where they enter into work on which bids have been turned in. Wire products are being stiffly maintained at $2.40 for large lots and $2.50 for small mill lots, while a month ago there was shading off $2.40. In tin plate, there has been a Arming up with extreme concessions disappearing, the regular concession for large lots being now 15 cents a box from the official price of $4.75. Establishing $1.50, except on small and Unimportant tonnage of plates, shapes and liars, appears to be somewhat hampered by the failure of the steel corporation to make a definite statement as to its policy. It cannot be disputed that the undertone of the market is stronger than at aty time since early 1920. Order books of both the United States Steel Corporation subsidiaries and the independents in this and nearby districts are well filled and there is at least a month's business in virtually all lines at the present rate of operations. So long as WALL STREET GOSSIP NEW YORK, April 4-The oils and motors played a prominent part in what proved to bo the biggest day of the year 60 far* on the stock exchange yesterday, the number of shares totalling 1,314,500. Royal Dutch and Pacific Oi! assumed the lead lu that division, with Studebaker and the cheaper motors contributing a large part of the activity. New highs were the order of the day. with United States Steel leading a brisk upward movement in the steel group. Inspiration for this movement Is found in current operating figures for the industry which are gaining weekly. The meeting of tne Studebaker Company to be hell in Jersey City tomorrow is expected to show earnings at the rate of $lO per share for tlie quarter, or S4O per year, amounting to $7,500,000. I'uiug the first quarter 30.000 cars were shipped on' by the company. Stuitcbaker was taken well in hand yesterday and with trading on an exceptionally heavy scale was moved up to 118%, anew high for the year. The close, showing 1% net for the day was the market reflection of tomorrow's meeting. The pools handling Studebaker, Chandler and other leading motors are meeting with eon- ■ latent success, and their ranks were further augmented today by some smaller or rather the lower priced stocks. General Motors and the Pierce-Arrow issues moled with the rest of the list, the latter lieing influenced by renewed rumors of possible mergers. The International Motors issues were rather quiet and only moved fractionally. Interests closely connected with the management of this latter company tire very optimistic concerning the success of the new motor rail car. which is being tried out on some of the leading railroads, although. as yet, the new system is hardly past the experimental stage, very few cars being actually in use in revenue service. The rail car industry is still in its infancy, and it is questionable as to whether the efforts of the White Company and others are even advanced so far as those of the International, or, as the company will be known after April 13, Mack Trucks Inc. With steel operations tip to .85 per cent of normal capacity lu some plants and the price trend undeniably upward, the sharp rise in the steel stocks furnished no surprise in the market. After several vain attempts Vanadium .succeeded lu crossing 40. and the closing rate of 42 was but %of a point under the high of the year, made earlier in the day. United States Steel was taken in large blocks, and, by a coincidence, the turnover in steel and Studebaker was exactly the same. The Bethlehem Issues were strong and materially higher, with the meeting due Tuesday in New York the action of the market would seem to cast some doubt on a report circulated here earlier in the week of the probability of a reduction in the dividend rate. Asa matter of fact. It is generally believed there that higher steel prices will lie announced. In view of Bethlehem's very good report for 1921 and the present growing improvement in the steel industry, there is little doubt but that any reduction lit the Bethlehem rate would come as u great surprise.

Thj coppers failed to reflect the improvement in the steel group and seemingly l tali, tile smelting isssueo and other coppers have siiot their bolt for the time being. Copper metal is nut holding so firmly here as It lias been and it is reported that the market price of 12% cents for second quarter delivery can be shaded by second hands. With the steel amoving steadily higher under the stimulus of general improvement, it was only natural to expect the rail equipment issues and other large stem consumers to follow suit. American Can relleeted the general improvement in its own line with anew high for the year at 49. Baldwin Locomotive and American Locomotive were Dot h substantially higher, while Lima Locomotive, which has been bolding its own with the other locomotive issues, was quiet and hardly changed. Large things tire expected of Lima by those who are in close tolicn with tlio management who are hacking on the fact that the stock of the company is closely held by men prominent in the railroad world, and who have excellent opportunities of throwing business to this company. It is not improbable that any further substantial advance in Lima would bring a certain degree of distribution. Pacific Oil and Mexican Petroleum acted as standard bearers for the oil group. Covering In Mexican Petroleum in addition to new buying based 011 the theory commonly adopted in the market that the coal strike Is going to make for a tremendous demand for oil of all kinds, and especially crude oii. accounted for a gain of 2% points with trading fairly heavy. The move in Pacific Oil, which carried that issue to anew high at 54%, is accredited to Inlying for the account of Standard Oil interests. The belief is he'd here tint the entire oil group is destined for better things in the immediate future. The demand for Royal Dutch eased up during the day, and it is probable that the heavy buying thought to lie for foreign account during the last three weeks has been satisfied for the time being, and it is believed that some 60,000 shares have been taken out of the market on the move, buying being for the account of large local banks. Specialties were again taken in hand and sharp gains were made by Kelsey Wheel. General Cigars. Fisher Body, International Cement and many others. Traders in close touch with the situation in the allied building trades are looking for further Improvement in International Cement and other cement issues. Building operations this spring, especially in the case of dwelling houses and apartments, have been going forward on a very heavy scale and it, is known that one large cement company at least showed a better quarter ending March 31 than at any period during 1921. INDIANAPOLIS PRODUCE, Eggs—Fresh, 21@22c. Buter—Packing stock, 14@15c. Poultry—Fowls, 17@22c; broilers, 1% to 2 lb. size, 00c; leghorn broilers, at discount; cocks, 13@14c; young hen turks, S lbs. and up 34@35c; young tom tnrks, 12 lbs. and up, 33@35c; old tom turks, 28@30c: cull thin turkeys not wanted; ducks, 4 lbs. and up, 15@16; geese, 19 ihs. and up, 13®!14c; squabs, 11 lbs. to dozen, ?5.504i6.00; old guineas, per dozen, $3. Butter—Local dealers are paying 38@ 39c per lb. for butter delivered in Indianapolis. Butterfat—Local dealers are paying 36c per lb. l'or butterfat delivered in Indianapolis. Corn —New, per bushel, 60®65c. Corn—Old, per bushel, Uo@ose.

this condition is maintained recurrence of the low price, which recently prevailed, is not expected. Birmingham pig iron has advanced from sls to $lO, while Northern basic in this district apparently has advanced another 25 cents to $18.25, and all steelmaking grades are more scarce. The best demand is for foundry grades and there have been much larger sales for April shipments, whi’e consumers are now making reservations, which they have not considered necessary for some time. Reservations entered aggregate many thousand tons. Production is increasing. The Carnegie Steel Company has blown in four additional blast furnaces and other stacks are to go in this month. All companies have now marked up their prices on semi-finished steel. To holders of Its quarterly price adjustment sheet bar contracts the Carnegie Steel Company has named a second quarter price of s3l. against Its price of S3O for the first quarter, and full tonnages are likely to be taken by the contract holders. Recent Rales of small prompt lots in the open market have been at $29. Freight equalized with the pearest point, but mills generally are now quoting s3l. Merchant t.ars are in better demand and the bar mills of the Ilttquesne and Gary mills of the United States Steel Corporation mills are fully employed and the dosed Farrell works of the Carnegie Steel Company resumed this week.

Local Stock Exchange —April 4 STOCKS. Bid. Ask. Ind Ry. A Light com 60 Indpls. St. Ry 42% 47% Indpls. St. liy 42% ... Indpls. & N. \V. pfd 60 Indpls. & S. E. pfd 60 T. H„ T. & L. pfd 69 T. H„ I. A E. com 5 T. H„ I. A E. pfd 15 U. T. of Ind. com I U .T. of Ind. Ist pfd 7 U. TANARUS, of Ind. 2d pit J 2 A'dvance-Rttmely Cos. pfd 45% Advance-Kumely com. 15 Am. Central Life 195 ... Am. Creosotlng pfd 94 Belt R. R. coin 67% ... •Belt K. R. pfd 50 Century Bldg. Cos. pfd 93% ... Citizens Gas Cos 20 City Service corn 194 IDO City Service Cos. pfd 59 62 Dodge Mfg. Cos. pfd 85 ... Home Brewing 45 Ind. Hotel Cos. com 85 ... Ind. Motel Cos. pfd.... 98 ... Iml. Nat. Life Ins. Cos 2 lul. Title Gujrjtoe 71 Ind. Pipe Line 98 Indpls. Aba toir pfJ 46 Indpls. Gas 44’% ... Indpls. Tel. pfd 90 Indpls. Tel. com 2 Mer. Bub. Util, pfd 48 Nat. Motor Car Cos. 1 3 l’tth. Sav. Ins. Cos 5 Ranh Fer. ufd 47% ... Stand. Oil of Ind 67% 88% Sterling Fire Ins. Cos 7% ... Van Camp Hdw. pfd 06 Van Camp Broil. Ist pfd 101 \'an Camp l'rod. 2d pfd 102 Vandalla Coal Cos .com 1 Vanda)!,i Coal Cos. pfd 6% ... Vandalla Coal Cos. pfd 6% Wabash Ry. com 9 12 BONDS. Broad Ripple 5 61 C 6 Citizens St. Ry. 5s 75 78 Indian Creek Coal A Mine Oi. ... 100 ind. Coke A Gas 6s $6 Indpls. C. A S. 5s 91% ... Indpls. A North. 5s 38% 43% Indpls. A Martlnsv. 5s 59% ... Indpls. A N. W. 5s 48 Indpls. A S. K. 55.. 45 Indpls. Shelbyv. AS.K. 5* 75 Indpls. St. Ry. 4s Cl T. 11. I. A E. 5s 51 Citizens Gas 5s 845 88 Indpls. Gas 5s 85% 80 Kokomo. M. A W. 5* 84% ... Ind. Hotel Cos. 6s wi Indpls. Water 5s 94 96 In lids. Water 4%s 81 Indpls. T. A T 75 Indpls. 1,. A 11. 5s 86% 88% U. T. of Ind. 6s 46 49 Mer. H. A L 5s 96 100 New Tel. L. D. 5s 9(1 New Tel. Ist 6s 95 ... Sou. Tel. Bower 6s 86% 91% •Ex-dividend.

1 Weather The following table shows the state of the weather at 7 n. ni., April 4, ns observed by U. S. Weather Bureaus. Station Bar. Temp. Weather Indianapolis, Ind.. 30.12 52 Cloudy Atlanta, Gn 30.16 58 Pti'ldy Amarillo, Tex 29.86 48 Rain Bismarck, N. D. .. 29.70 46 Cloudy Boston, Mass 30.22 42 Cloud) Chicago, 111 30.18 42 Cloudv Cincinnati, 0 30.1(1 54 Cloudy Cleveland, 0 30.12 48 PtCldy Denver, Colo 29.78 40 Clear Dodge City, Kan. . 29.92 50 Cloudy Helena, Mont 29.70 36 Rain Jacksonville, Fla. . 30.18 66 Clear Kansas City, Mo. .. 29.9s 52 Cloudy Louisville, Ky 30.10 60 Cloudy Little Rook. Ark. .. 29.92 62 Cloudy Los Angeles, Cal... 29.88 54 Cloudy Mobile, Ala 30.06 61 Clear Now Orleans, La... 29.98 70 Cloudy New York, N. Y 30.24 40 Rain Norfolk, Vn 30.10 52 Clear Oklahoma City 29.80 56 liain Omaha. Neb 30.06 44 Cloudy Philadelphia, 1*a..., 30.22 42 Cloudy Pittsburgh, Pa. ... 30.12 48 Rain Portland. Ore 80.04 44 Cloudy Rapid City, S. D... 29.74 44 PtCldy Uoseburg, ure 30.10 40 ltnin San Antonio, Tex.. 29.78 58 Rain San Francisco, Cal.. 30.04 48 Clear St. Louis, Mo 30.00 56 PtCldv St. Paul, Minn 30.18 42 Cloudy Tninpn, Fla 30.16 66 Clear Washington, 1). C. 30.10 46 Clouly WEATHER CONDITIONS, Unsettled weather covers much of the central valley* und northeastern section* of the country, with ruins from Texas to the western Lakes region, thence eastward to the Atlantic coast. Ruin* also lone occurred In the North I*acll‘c States. Temperature* are higher enst of the middle nnd lower Mississippi and in the northern plains region, and somewhat lower in tlie upper Mississippi Volley. —White River Conditions — At 7 a ni. today stngcs in White River were ns follows; Elllston, missing; Fhoiils, 21.8 rising; Decker, 21.9, rising, ,1. H. ARMINGTON. Meteorologist, Weather Bureau. CORN AND AYHEAT BULLETIN. For the twenty-four hours ending at 7 a. m., Tuesday, April 4, 1922: Temperature. -* ii Ok V Stations of c *; "55 _ and Indianapolis f „§K District. || agfi scS *•“ £c- 5 ° eti S owy-e 3 Oof; South Bend I 56 I 44 | 0.16 | Slippery Angola 53 | 44 | 0.12 | Soft Ft. Wayne i 56 | 48 | 0.12 | Wheatfield 58 j 44 | 0.15 ! Muddy Royal Center ... 60 |44 0.04 I oor Marion 66 48 0 Fair Lafayette 64 | 49 0 Fair Farmland 68 j4B 0 Good Indianapolis .... 71 51 0 Good Cambridge City.. 70 j 47 0.64 Good Terre Haue 70 |52 I 0 | Bloomington .... 73 I 51 0 Fair Columbus 75 ] 48 0 Good j Vincennes 76 | 54 0 Good Paoli 75 | 51 0 Good Evansvile 74 j 60 0 J. 11. ARMINGTON, Meteorologist, YVeather Bureau. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift A Company: Ilibs—No. 2,20 e; No. 3,15 c. Rounds— No. 2,15 c; No. 3, 1-1 c. Loins —No. 2,24 c; No. 3.18 c. Chucks —No. 2,10 c; No. 3,9 c Plates —No. 2,7 c; No. 3, Oc. WAGON WHEAT PRICES. Indianapolis hour mun and elevators today were paying $1.30 per bushel for No. 1 red winter wheat: $1.28 for No. 2 red winter and according to test for No. 3 red winter.

SWINE PRICES RULE FIRMER Fair Demand Shown for Cattle—Veals Are Higher. RANGE OF HOG PRICES. Good Good Good Mar. Mixed. Heavy. Light. 27. $10.50010.60 [email protected] $10.60010.75 28. [email protected] [email protected] [email protected] 29. [email protected] [email protected] [email protected] 30. [email protected] [email protected] [email protected] 31. 10.35 @10.40 [email protected] [email protected] April 1. 10.20010.30 9.85010.15 [email protected] 3. [email protected] [email protected] [email protected] 4. 10.25 @ 10.40 [email protected] [email protected] With receipts around 7,000, the largest for the past month or more, and both packers and shippers displaying fair demands, swine prices were steady generally In trade on the local livestock exchange today. There were, however, a few strong spots in the sales of mixed hogs and a similar number of spots in the sales of the heavier grades that were eolse to 5 to 10 cents higher. These sales, never-the-less, were strictly outside sales and could not bo considered as coming within the trend of the general market. There was again a top of $10.60 on light swine, while the bulk of that, grade brought around $10.50® 10.55. Mixed and mediums sold at [email protected], with a few sales at close at $10.50 and heavies at slo® 10.35. Roughs brought $8.75 and down and stags $7 and down. Bigs were quoted at $5.50®10.00. The bulk of the sales for the day ranged at [email protected]. Trade in cattle was rather slow, taking about the same general trend of the market of the previous (lay, and prices ruled steady generalljq Receipts for the day ran close to 800 fresh cattle, while there was a considerable holdover, especiailly of steers, from the market of the day before. Butcher cattle was fully steady, while there were weak spots in the steers market. Bulls, also, showed weakness in spots. Bractically all of the packers were active. Calves were 50 cents higher generally, with re-eipts around 400 for the day and shippers holding good orders. There was a top of $lO on choice veals, while the bulk of that grade sold at $9.50. The commoner grades of calves were higher mostly. With 400 sheep and lambs on the market, prices were steady. HOGS. 100 to ISO lbs. average $10.50® 10.60 Over 300 lbs 9.85®d0.0) 150 to 300 lbs 10.25® 10.60 Best pigs, under 104 lbs 9.50®10.5Q Top 10.69 Roughs 7.50® 8.75 Stags 5.50® 7.00 Bulk of sales 10.35®10.50 —Cottle— Prime corn-fed steers, 1,000 to 1,800 lbs 7.00® 8.00 Good to choice steers 1,200 to 1,300 lbs C.so® 7.00 Good to choice steers, 1,100 1,209 lbs 5.75® 6.35 Good to choice steers, 1,000 to 1.100 lbs 5.50® 5.75 Comin.m to medium steers, 800 to I.SOO lbs £.25® 5.50 —Cows and Heifers— Good to choice heifers 7 50® 8.00 Medium heifers 6.50® 7.35 Common to medium heifers .. 5.00® 0.00 Good to choice cows 5 25® 6.50 Fair to medium cows 3.50® 4.50 Canners 3.00® 4.25 Cutters 2.25® 4.00 —Dulls— Fancy butcher buns 5.50® 6.00 Good to chutre butcher bulls . 4.50® 5.50 Bologna bulla 3.73® i.25 Light Bologna bulls 3.00® 3.50 Light to comciaa bulls 2.75® 3.50 —Calves— Choice veals 9.00®10.00 Good veals 8.50® 9.00 Medium veals 7.0 ® Kso Lightweight veals 5.50® 6.50 Common to heavyweight veals 5.0' ® 0.00 —Stocker* and Feeders— Good to choice steer* under 800 Ilis 5.75® 6.73 Mediant cows 2.23® 3.73 Good cov>3 3.50® 430 Good heifers 5.25® 6.50 Medium to good heifers 4.00® 5.00 Milkers 30.00®53.00 —Sheeps nnd Lambs— Cull ewes 2.25® 3.00 Good to choice ewes 3.50® 8.09 Bucks 2.50® 3.50 Clipi>cd lambs 8.50®10.50 Wool lambs 12.00® 15,50 Seconds 6.00® 8.00 Buck Lambs 5.50® 6.50 Culls 3.00® £.OO

Other Livestock CHICAGO. April 4.—Tl,®s —Receipts, Receipts. 17,000; market, fairly ne, ive mostly 10 cents high r; bulk of sales, ?1*>.05fi710.50; top, $10.60: mediums. $10.23 6i1055: h'-avies, $10.10®10.35: lights, $10.40®.10.60; light lights, ..$lO 154(10.55: heavy packing saws, smooth. $9.35® 9 75; packing sows, rough, Cattle— Receipts, 9.050 market, generally steady. Beef steers—Choice nnd prime. $3,756; 9.10 ; medium nnd good, $7.35v 8.75 ; good and choice, $8 156/9.35; common and medium, $0,004(8.15. Butcher cattle Heifers. $5.25® 8.25; cows, $1.35® 7.25; bulls, $1®6.25. Canners and cutters Cows and heifers, $3,256x4.35: e,inner steers, $4.25613.25; veal calves, light and bandy weight, $6,506/9; feeder steers, $5.40 6/7.35; Stocker steers, $5,256(7.25; Stocker cows and heifers, $4®5.25. Sheep and lambs —Receipts. 12,000; market, steady to 25 rents higher; fat sheep, higher; lambs (S4-lhs. down). sll®, 16.500: lambs, (85-lbs. up), $13,256/16; cull nnd common lambs. ,310.756/13.25: yearling wethers. $11,756/11.75; ewes, 57.256/TO-500; cull ami common ewes, $3.50®7; feeder lambs, $11,756/13.75. CINCINNATI, Apr!! 4. - Hogs Receipts, 3.500; market, steady to 10 cents higher; heavies, mixed and mediums, $10.75; lights, 510.50 pigs, $9.75 down; roughs, $8.25 down: stags, $5.25. Cattle —Receipts, 250; market, steady; bulls, steady; calves, $lO. Sheep nnd lambs — Receipts, 250; market, steady; ewes, $7.50; clipped ewes, $5.50; wool lambs, sl6: clipped lambs, sl4; spring lambs, S2O. EAST BUFFALO, April 4.—Hogs—Receipts, 1,280; market, active; yorkers and pigs. $11.25; mixed, 5M.106iH.25; heavies. $10.25(<J11; roughs, $8,756/9; stags, 34® 5.50. Cattle —Receipts, 750; market, slow: shipping steers, $8,256/8.60; butcher grades, $7.256/8.30; heifers. $5.35®7.75; cows, $2.25® 6; bulls. $3.50645.25; feeders. $5®,6; milk cows and springers, $256/110. Calves—Receipts, TOO; market, active and about steady; cull to choice, $36/10 50. Sheep and lambs—Receipts, 400; market, active: choice lambs. $lO6/10.25: cull to fair. $S© 15.75; yearlings, sS@ls; sheep. s36t 12. CLEVELAND, April 4 Hogs—Receipts, 2,000; market 15c higher; yorkers, mixed, mediums and pigs. $11; loughs, $8.50; stags, $5.50. Cattle—Receipts, 150; market slow, steady. Sheep nnd lambs—Receipts, 600; market steady; top, sl4. Calves—Receipts, 300; market 50c higher; top, $9.50. EAST ST. LOUIS. April 4.—Hogs—Receipts, 10,500; market, s@loe higher: mixed butchers, [email protected]; good heavies, $10.156410.35; roughs, $8.69®8.90; lights, $10,406/10.55; pigs. $9,506/10.55; bulk of sales, [email protected]. Catth—Receipts, 3,500; market, steady to strong; native beef steers, $8,256/9; yearling slocrs nnd heifers, $7.50©9; cows, $3.50 @9; c >ws, [email protected]; stockers and feeders, [email protected]; calves, $3.50@5,50; canners and cutters, $24/3.75. Sheep nnd lambs—Receipts. 1.000; market, steady; mutton ewes. $8,506/9; good to choice lambs, [email protected]; canners and choppers, $3665. PITTSBURGH, April 4.—Hogs—Reee’pts, 1.000: market steady; prime heavies. $10.65® 10.75: medium's. $10.90® 31. light yorkers, [email protected]; pigs. $11.25; roughs. $8®8.75; stags, $5(5:5.25. Cattle —Receipts, light; market steady; choice, $8,756/9: prime, [email protected]: good, $7,756(8; tidy butchers. 37.50®7.75; fair, $0,256/7.25: common, ss@6; common to good fat bulls. $36/6; common to good fat cows. s2® 0: heifers. [email protected]; fresh cows and springers. $356475; veal calves, $9.50; heavy nnd thin calves. [email protected]. Sheep nnd lambs—Receipts, 1,000; market steady: prime wethers, $8.50®9: good mixed, $7.75@:5.25; fair mixed, $7®7.50; culls and commons, s2@4; choice lambs, sl4. CLEVELAND PRODUCE. CLEVELAND, April 4.—-Butter—Extra in tubs, 42@41%e; prints, 43@43%c; extra firsts, 416/,41%e; packing stock, 176 J 19c. Eggs—Fresh gathered, northern extras, 28c; extra firsts, 25@25%c: Western firsts, new cases, 24c. Poultry—Live, heavy fowls, 27@28c; spring culls, 24@ 20c; ducks, C2@34c. *

In the Cotton Market NEW YORK, April 4.—Heavy rains in Texas led to buying of cotton by Wall street, local operators and New Orleans interests at the opening of the cotton market today. First prices were 1 to 4 points higher at and the list quickly registered net gains of about 10 to 12 points. New York opening cotton prices; April, 17.60 c bid; May, 17.87 c; July, 17.20 e; October. 16.95 c; December, 10.92 c; January, [email protected]: March, 16.72 c. The market was steady in the late dealings, closing at a net advance of 13 to 27 points. —Cotton Futures— Open High Low Close January 16.82 17.16 16.92 17.02 March 16.72 17.08 16.72 16.90 May 17.87 18.09 17.87 18.00 Julv 17.25 17.46 17.23 17.36 October 10.95 17.33 i.6.93 17.21 December 10.92 17.27 16.91 17.13 —Cotton Review— NEW Y'ORK. April 4.—A rather unexpected change in weather conditions in t ie .jOU.lnvest resulting in a downpour that was described as a cloudburst and extending through Texas and Oklahoma, causing rivers tc overflow, gave strength to the cotton market and invited consd era hie public buying on the theory that the delay caused by this heavy precipitation would destroy the prospect of any car.y cotton and as our suiqdies are decreasing right along, this point is of more than ordinary importance. The market at present may move within Kmits as it has been doing recently, but it is only a question of time when a sufficient public following will be attracted to cotton to take it out of the rut it has been in and we continue to favor operating on the long side, buying on all reactions. LIVERPOOL, April 4.—Spot cotton was in fair demand today. Prices were easier and sales around 8.0(!0 bales. American middlings fair, 12.01d; good middlings, 10.96d; fully middlings, IO.OOd middlings, 10.5ld; low, 9.60d; good ordinary, S.Sld; ordinary, 8.31d. Futures were quiet. Local Curb Market (By Newton Todd.! —April 4. Bid. Ask Am. Hominy Cos 10 16 Central and Coast Oil % ... Choate Oi! Corp % % Citizens Gas Cos. pfd.... 91 96 Commonwealth Fin Com. ... 30 38 Commonwealth Fin pfd. ... 41 48 Columbian Fire Ins. Cos 6 7% Comet Auto % 2 Dayton Rubber Units 45 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 124 133 (it. Bou. Prod. A Ref. 5% 6% Goodyear T. A R. com 10 12 Goodyear T. A R. pfd 25 28 Metro. 5-10 c Stores com 3 7 Metro. 5-lOc Stores pfd.... 19 27 Nat. Underwriting 2% 5 Revere Motors % % Rauch A Lang Units 19 30 Hub. Tex. Units 10% 15% Steel Craft Unit* 32 42 Stevenson Gear Units 13 21 V S. Auto Units 50 60 U. S. Mtg. Cos. Units 145 162 BANK STOCKS. Commercial Nat. Bank 74 83 Font. Nat. Bank 103 116 Ind. Trust Cos 175 Did. Nat. Bans 260 270 Mer. Not. Bank 252 Security Trust Cos 130 ... State Sav. A Trust 93 99 Union Trust Cos 300 Wash. Bank A Trust Cos. .. 130 ...

SIOO SEIZURE FEE ASSESSED Joe Howard Case Enriches Police Pension Fund. A seizure fee of $l6O was allowed in the Joo Howard blind tiger case in city court today by Judge Delbert O. Wilraeth. It was tlie first seizure fee ever allowed in city court in Indianapolis. The fee Is allowed in cases where automobiles used for hauling wlii ky are seized by either police or Federal officers. If the fee goes to the police it is turned into the pension fund. Howard lives at 905 North Belmont avenue. He was arrested In the rear of 134 West Arizona street, when eleven gallons of white mule whisky was found in an automobile. Howard, in addition to having a SIOO seizure fee placed against him, was fined SIOO nnd costs and sentenced to serve thirty days in Jail. When Howard gets through with lhat sentence there is a warrant waiting charging him with violating the prohibition law, in Putman County. The license of the automobile in which Howard hauled his whisky was issued in the name of Ruth Williams, 28 North Belle Vleu Place, and according to Federal Officer Winkler he had the sheriff in Putman County search the farm of a relative of the William's woman and a sixty gallon whisky still, 200 gallons of mash and five gallons of white mule whisky were found. The owner of the farm placed the blame on Howard and a warrant for his arrest was issued. This is the charge that awaits Howard when he gets out of Jail. Mayor Shank Will Become a Red Man Mayor Shank, with 1,000 other candidates, will be initiated into the Improved Order of Ited Men at an Eleventh district meeting, to be held tomorrow afternoon nnd evening. The membership of, the Eleventh district, which includes Marion, Johnson. Hancock, Shelby, Boone and Hendricks Counties, numbers about 10,000.

Extreme Youth of Little Shoppers Draws Attention Betty and Jane, on Easter Tour of Stores, Are Taken Home in City Motor ,

Few Easter shoppers ever attracted the attention of dorks in the stores or pedestrians in the downtown streets as did Miss Betty Newkirk, 4 years old. 21 Parkview avenue nnd Miss Jane Ellen Walden, 5 years old, 27 Parkview avenue today. These two young shoppers visited several stores, and went “window shopping” along Washington street, viewing the new Easter hats, drosses, and other finery so loved by womankind. They looked with longing eyes at the rabbits and the bright candy eggs in a five and ten-cent store winjilow. Then there shopping trip was suddenly interrupted by Traffic Officer Eugene Shine. He was attracted by the extreme youth of the two window shoppers. lie questioned them and they both admitted that they were lost, but said they “didn’t care” as they ran away from home to see the Easter things. “X have anew Easter dress," boasted Miss Wa’.don. “Yes, and I have anew Easter apron,” proudly declared Miss Newkirk. The policeman was leading each young shopper to police headquarters so they could be sent home. “Oh, look at the Easter balloons?” exclaimed both young shoppers, pointing to a large cluster of red and blue balloons carried by a man on East Washington street. “I want an Easter balloon." declared both shoppers. Traffic Officer Bbine could not refuse. He dug down in his pocket and pulled out a pair of dimes and each shopper chose a red balloon. When they arrived at police headquarters each told her home address and the captain arranged for Motor Policemen Iteilly and McClure to take Miss New-

APRIL 4,1922.

REDUCED BIDS ON STATE ROAD WORK RECEIVED Four Sections May Be Constructed for Less Than Estimates. Low bids on four sections of road, Federal aid projects of the State highway commission, which were opened today amounted to $543,105, a total of $149,966 less than the estimates of the highway engineers. Bids were on sections as follows. Federal aid project No. C, Section B, a part of the National road In Clay and Putman Counties 5.26 miles in length. Brazil to Reelsville cut off. National road in Putnam County, Pleasant Garden to Putnamville, 5.6 miles. Federal aid project 6, section B and C. Dixie Bee Line in Vanderburg and Gibson Counties, Inglefield to Ft. Branch, ten miles. Federal hid project No. 28. Lincoln highway in Porter County, from west line to Valparaiso, 7.C miles. The total miles of paving for which contracts are to be let for which cement bids have been received is twenty-nine. No bids were received on Federal ail project No. 28 in sections as had been asked ior but all bids were made to include both sections, which are said to be one continuous road. Kerr and Murphy, contractors, Bloomington, were low bidders on two sections. Their bid* on the Brazil to Reelsville cutoff was $109,555. The highest bid on that section was $124,916 and the engineer s estimate was $130,810. On the Pleasant Garden to Putnamville section of the National road, their bid was $90,566 as against the highest bid which was $123,575. The engineers estimate was $107,259. S. It. Adams Construction Company had the lowest bid on the Inglefield to Ft. Branch section of the Dixie Bee Line project. Its bid was $185,651 as compared with the high bid of $249,511 aud the engineer's estimate $260,817. t Shea and Company of Hammond, had the lowest bid on the section cf the Lincoln Highway. It was $157,036. The high bid was $256,308 and the engineer’s estimate $194,239. Among the bidders on the State highway projects was the company of former Senator Nejdl of Gary, which bid on the Lincoln Highway section. Bids were opened this afternoon on the following bridge projects: Hazelton Bridge in Knox County over White River, 1.800 feet long and to cost approximately $460,000. Spencer County Two twenty-foot bridges, south of Dale, near Lincoln City, to cost $3,000 each; two twenty-four-foot bridges, same road, $4,000 each; one twenty-six-foot bridge, same road, to cost $4,000; all bridges over drainage ditches. Dubois County One seventy-foot bridge, between French Lick and Haysville, on French Lick trail, over ditch, to cost $6,000. Porter County Twenty-foot bridge. Lincoln Highway, betwoen Valparaiso and the Illinois State line, Sale Creek, $25,000. The cost figures are gross and informal estimates. Bids were opened for the following bridges to be built solely by the State: Grant County—Hummel creek bridge, to lie built of steel. Noble County Thirty-foot bridge, Lincoln highway, between Ft. Wayne and Ligonier, ditch, S4.O!X>. Knox County—Sixty-foot bridge, Vincennes Louisville road, between Vincennes nnd Washington, ditch, $9,000; twenty-foot bridge, same road, ditch, $3,C00. Sullivan County—Sixty-foot bridge. Dixie Bee line, south of ShelbyviJle, creek, S9,(XO. Ripley County—Forty-foot bridge, Michigan road, between Versailles and Madison, creek, $5,000. Jennings County—Twenty-foot bridge, between Madison and North Vernon, ditch, $3,000. Dearborn County—Fifty-foot iTidge,, Indianapolis-Cineinnati road, between BrooUvilie and Ohio State line, creek, $7,000. Franklin County—Fifty-foot bridge, Indianapolis-Cineinnati road, between Brookvillo and Ohio State line, creek, $7,000. Switzerland County Eighty-flve-foot bridge, Madison-Cincinnati read, between Madison and Vevay, creek. $15,000; fortyfoot bridge, same road, $56,000. The cost figures given were gross and informal estimates.

Widow of Solon Will Not Seek Office WICHITA FALLS, Texas. April 4. Mrs. Lucien Parrish, widow of Congressman Parrish, who died last week from injuries sustained in an automobile accident, has decided not to be a candidate for tho unexpired term of her husband. All the other prospective candidates had announced their withdrawal, should Mrs. l’arrish decide to make the race. Slight Injury to Hand Causes Death Owen Weber, 32, 2143 Northwestern avenue, died at the Deaconess Hospital Inst night, and Dr. Paul Robinson coroner today said death was due to blood poison. Weber suffered a slight injury to bis hand while working at the American Glue factory and it was from this injury that poison started.

kirk and Miss Waldon home In a “flivver.” Both of the shoppers were delighted with the arrangement and all went well until the balloon carried by Miss Waldon hit the side of the automobile top and there was a “pop” nnd it was no more. That was one of the few things to mar a perfect day, “Do you know that I want a hat with bright flowers on it for Easter,” said Miss Waldon as the automobile started away from police headquarters. “Then I want a veil hanging down the back of the hat. That would be stunning, don't you think so?” Motor policeman Reilly admitted ho thought it would be “stunning.” “We knew that we would get a whipping when we ran away,” declared little Miss Newkirk, "but we wanted to see the Easter things, and if we get a whipping we won’t cry much, will we Jane?” “No,” agreed Jane, “but mama will make me play in the back yard where she can watch me.” When Parkview avenue was reached the policemen started to walk with the Easter shoppers to their homes, but as Miss Newkirk’s grandmother opened tho door and walked to the porch Betty darted past her and slammed the door, and it required much coaxing before she would unlock the door and admit her grandmother to the house. Mrs. Waldon explained to the police that she thought her daughter was playing at Betty’s home, and the grandmother of Betty thought Betty was at Jane’s home, and neither even dreamed that the two young shoppers had wandered far away to the big stores where, amid crowds of other shoppers, they viewed with delight the displays of pretty Easter dresses, hats and toys. w