Indianapolis Times, Volume 34, Number 284, Indianapolis, Marion County, 8 April 1922 — Page 13

APRIL 8,1922.

LFOAL NOTICES. Concluded from Preceding Page. To Whom It May Concern: Notice Is hereby given by tb. Board of Park Commissioners of the City of Indian, •polls. Indiana, that It Is desired and deemed necessary to make the following described public Improvements In the City of Indianapolis, as authorized by the following numbered Improvement resolution adopted by said board on the 16th day of March. 1921. Improvement Resolution No. 6. 1312. CAPITOL AVENUE from the south line of the first alley north of Sixteenth street to a point one hundred and eleven (111) feet north of the south line of Fall Creek Parkway, south fl|ve, Including the wings of the interdicting streets and alleys, except the Twenty-First street Intersection. By removing from the present macadam roadway, from curb line to curb lire to a uniform width of forty (10) feet and wtng of Intersecting streets and alleys all old road oil deposites; scarifying same to a depth of not less than one (1) inch and not more than three (3) inches; grading, reshaping and rolling same to conform to proper grade and (Toss-section; paving roadway from curb line to curb line to a uniform width of forty (10) feet with Kentucky Rock Asphalt or Emulsified Asphaltic Concrete to a depth of one and onehalf (1%) inches after depression at the crown and a depth of two (2) inches after compression at the curb line; paving the wings of Intersecting streets and alleys in a similar manner and to widths shown on the plan; providing stratified limestone curb and marginal stone, where the same is missing, broken or damaged; resetting curb, gutter and marginal stone where the same Is not to proper grade and alignment; and extending all water, gas, sewer and all other prive service connections to inside of curb line, where not already in. all as shown on plan and as specified, and in accordance with the profile, details, drawings and specifications on file in the office of the Board of Parit Commissioners of said city. All work done in the making of said described public improvement shall be in accordance with the terms and condition* of the improvement resolution as numbered. adopted by the Board of Park Commissioners on the above named day. and the detailed drawings, plans, profiles and specifli utions which are on file and may be seen in the office of said Board of Park Commissioners of the City of Indianapolis. The said Board of Park Commissioners has fixed Thursday. April 20th. 1922, at 3:00 o'clock p. m.. at its office In said city as the time and place for the public consideration of the proposed improvement, at which time said Board of Park Commissioners will hear all persons interested, or whose property Is liable to be assessed for said Improvement, and will determin* whether the benefits to the property 11a- • to be assessed for such Improvement 1 the benefits to the City of Indianapolis 1 equal the estimated cost thereof. CHARLES A. BOOKWALTER, FRED CLIN 7 ". ALBERT M. MAGUIRE, SARAH E. SHANK, Board of Park Commissioners. City of Indianapolis, Indians;. Farmers' and Truck Growers' Terminal Market Company, a Corporation. The annual meeting of the stockholders of the Farmers' and Truck Growers' Terminal Market Company, a corporation, will be held at the office of said corporation. No. 205 Baldwin Block. Indianapolis. Ind., on the 12th day of April A. D. 1922. at 2 o'clock p. m.. for the purpose of electing directors and for the transaction of such other business as may be brought before said meeting. By order stockholders and board of directors. CHARLES E. HALE. Assistant Secretary.

FINANCIAL. LOANS On furniture; pianos, autos, live stock, farm implements and other collateral. CAPITOL LOAN CO. 14144 E. Washington St. Main 0595. Auto Lincoln 7184. WE MAKE first and second mortgages on Improved farms and Indianapolis read estate. AETNA MORTGAGE AND INVBBTT CO. 60S Fidelity Trust bldg. MONET furnished on realty mortgages and contracts. FRANK K. SAWYER. Meridian Life BIJg. 307 North Pennsylvania street. Circle 1061. FIRST and second mortgages on Indiana and Indianapolis real estate. R. B WILSON. 1101 National City Bank bldg. Lincoln 6104. MONEY to loan on second mortgages. L B. Ownership of Land for Qualification GOSHEN, April B.—Certain organizations of farmers of Indiana have taken the position that thetr members are not warranted In giving support to candidates for political offices who do not own at least 160 acres of farm land. The question was discussed at some length at a district meeting of Indiana Federation of Farmers here, but the delegates decided that the association should not take a partisan position in the forthcoming primaries and the elections of next fall. It was decided, however, that the association would give its support to individual candidates who were favorable to the farmer. 6-Year-Old Child Has Broken Leg Charlinc Richardson. 6, 67 North Ritter avenue, suffered a broken leg and other Injuries when she was run OTer yesterday by an automobile, driven by Cecil Williams. 3015 Kenwood avenue, proprietor of the Williams Taxicab Company, at Washington street and Ritter avenue. Williams was arrested on a charge of assault and battery. Passengers of an inbound lnterurban car told Sergeant Deeter and squad, who Investigated the accident that Williams had raced with the car all the way from Greenfield. Occupants of the machine insisted the car wds moving slowly when the accident occurred. ||enin Will Go to Genoa if Needed GENOA, April B.—Nicolai Lenin will come to Genoa if his presence Is needed here and his health permits. This declaration was made today by George Tchitcherin, commissar for foreign affairs in the Moscow soviet government, and head of the Russian delegation to . e international economic conference. Farmers Buy Seed for 10 Per Cent Less * DECATUR, Ind., April B.—A reduction es 10 per cent in the price of sugar beet seed to the farmers of this community, who supply the plant with sugar beets, has been announced by the Holland-St. Louis Sugar Beet Company. The b'.g plant here expects to operate full time this year the beet sugar acreage promising larger returns than last year. Latin Bible, 203 Years Old, Found ELWOOD, April K—A Bible 203 years old is the property of the Rev. B. Beigel, pastor of St. Joseph’s Church here. It was printed in Antwerp. Belgium, by Blat'aaser and John Marethcos in 1607. .It is bound in pigskin with metal clasps. It Is written in Latin. HOLD LATIN CONTEST. SHELBYVILLE, Ind.. April S.—Seven-ty-four high school pupils took part in the Latin contest held in this city yes4klay. The pupils represented thirtyschools of the Sixth Congressional district.

PEACE-BOUND • DUNDEE. Scotland. April B.—The ■world Is moving toward peace. Colonial Secretary Winston Churchill declared In a speech here today. He expressed the belief conditions In Ireland may become vfl?rse within the immediate future, while the Irish contlue to kill each other.

STOCKS MAKE SPURT BEFORE MARKET CLOSE For Brief Period Slowdown Appeared About to Quiet List. INTEREST IS SHIFTING Special to Indiana Daily Times and Phlladelphle Public Ledger. BY MONITOR. NEW YORK, April B.—For a brief period Friday, it looked as if the pace of the market which has been so rapid this week was beginning to slow down. A burst of intensive activity toward the close, however, removed this impression, and unofficial records of ransactions indicated the largest total of the week. Interest showed signs of shifting, however, and the leaders in today's market were some of the steel specialties, the rails, local tractions and certain volatile miscellaneous issues. Gulf g.ates Steel broke out of the rut in which It has been traveling for several weeks, with a pyrotechnic advance of more than ten points. Developments in the local traction situation brought the shares and bonds of these companies into the limelight, and the result was a series of upturns in Interborough Rapid Transit, Brooklyn Rapid Transit and Third Avenue. The I. R. T. refunding ss, made an extreme advance of nearly nine points. Reading was the early leader among tha rails, but was followed soon after by Lehigh Valley and Southern Pacific, all of which made new high levels. Along in the afternoon Rock Island developed intensive activity and on a turnover of approximately 00.000 shares crossed 44, anew high level. Other strong stocks in this group were Kansas City Southern, Illinois Central, Union Pacific, Canadian Pacific. Crucible was the feature of the steels, although a persistent demand for Midvale closed this issue at the top Mexican Petroleum again led the oils, both from the standpoint of strength and activity, although Marland was exceptionally active at anew high level. Profit taking was general throughout tie day, and a few of the recent favorites yielded somewhat under this pressure. There was no weakness, however. Public interest in the market continues to Increase. The reserve ratio of the Federal Reserve system is virtually unchanged at a decline of one-tenth of 1 per cent to the basis of 77.7. The feature of the statement is provided by the gain in the reserve position of the banks at Richmond. Dallas, Kansas City, Minneapolis and Atlanta. —Copyright, 1922, by Public Ledger Company.

I j WALL STREET GOSSIP BY MONITOR. NEW YORK, April S.—Yesterday’s market was the biggest that has been seen for many months. This is the third session this week furnishing total transactions of a million and a half or more shares, and it signifies without doubt the entrance of the public into the market. Hitherto the outside element has been skeptical. Nothing succeds like success, however, and the endlese succession of rising prices is meeting with the traditional response. This does not mean that there is an over loaded long account. As a matter of fact, “street” loans this week have Just begun to reflect the broadening public interest. Gulf States Steel worked to the fore and was one of the most active issues in the entire list. It was reported that the company had cleared off all but SIOO,OOO ol the $750,000 bank loans, and it is probable that all loans wil be liquidated within a week or so. Wires received in the market today from the same source that sent advance information on the last big Gulf State move, urged the recipients mainly commission houses, to buy Gulf Slates at the opening and on all opportunities. That this advice was followed to the leter can be seen from the action of the stock which sold to 83. anew high for the movement and a net gain of 10% points for the day. Traction stocks and bonds were extremely prominent in the rise, with Interborough and Brooklyn Rapid Transit securities occupying the main point of vantage. Interborough Rapid Transit preferred sold up to 12. a gain of 4% points, while Brooklyn Rapid Transit at 24% was up 3% points. The stimulus for this move was found in the Interborough funding reports published In the morning paperi as well as the much better showing .nade by the receivers' operation of the Brooklyn Rapid Transit. The fact that the receivers' report shows Brooklyn Rapid Transit earning some $3 on the common is bringing good buying into the bond market for the B. R. T. 7s on the theory that sfiich short Issues as these deserve a much better price than current levels. Hopes are expressed in the market that the receivers’ report may be followed in the near future by the return of the Brooklyn Rapid Transit properties. Crucible Steel was tipped generously in the last hour or so, and responded with a sharp move which carried the market up 3% points for the day. Operations in Mexican Petroleum have excited little attention here, and seem to be rather lost in the general movement of the entire market. Me/iean Petroleum, often a plaything of chance rumor, seems to have quite an extensive short interest sewed up and as 'usual, the interests in control of the stock are losing no time in taking advantage of the situation. The Burlington joint 6%s are holding persistently around 105 despite the knowledge that the Northern Pacific is planning to call in its share of these bonds at 103%. The reason for this tin derlying strength is the fact that the 6%s are convertible into the Northern Pacific refunding and improvement 0s series B. which are selling around 105, the latter not being callable until July 1, 1936 and then at 110. Authority granted to the Illinois Central for the lease and purchase of 6,500 refrigerator cars from the Pullman Company at a cost of $1,748,500 adds further impetus to the movement in the equipments. At a special Willy 8-Overland meeting to be held in Toledo on April 24. there will be a discussion, then action, on the proposed issue of $17,500,000 in short term notes or bonds, proceeds to bemused !p liquidating present bank loans and to provide new working capital. The proposed new issue is to mature not later than Dec. 1, 1922. Chain Stores business for March should show a decrease over the same month a year ago, but the margin of profit is now so much larger than it was at that time that 11. L. Jones, president of the Jones Tea Company, expects March to show a new high in sales for the past five vears. At the same time Chain Stores interests expect, with the aid <■’ the Easter trade, to make April a better month than it was last year. During March some twenty-five companies. with a total investment of $12,265.000. were organized to engage in the drug business, both the manufacturing and the distributing ends, this comparing with twenty-two companies and $5,200,000 capitalization during February, the average investment per company increasing from $236,363 per company in February to $505,000 in march. Drug companies already listed on the exchange are doing fairly well, and United Drug added lVi points to its market vernation today, while American Drug was also higher. The upward trend In the steels, led by Gulf States and Crucible, failed to produce a sympathetic advance in Ueplogle. The Street has been expecting an announcement on the reported Replogle and Empire merger, but it is understood that this announcement will not be made until tomorrow or possibly early next week.

Stock Market Review NEW YORK, April B.—Stocks were subjected to considerable pressure from realizing sales during the first hour of trading on the New York Stock Exchange today and t" > market displayed irregularity while thia liquidation was being absorbed. But durii'g the last hour the whole list strengthened and a large number of issues, particularly the railroad group, attained the highest levels seen this year. Gulf States Steel continued its rapid advance and Mexican Petroleum extended its previous high limit, while Reading, Rock Island, Missouri Pacific common and preferred and Baltimore & Ohio and many other low priced rails bettered their 1921 Mgh figure.

N. T. Stock Exchange (By Thomson A McKinnon.) —April 8— Prev. High. Low. Close, close. Ajax Rubber.... 17% 16% 16% 17% Allied Cremieal 68% 67 67% 67% Allis shalmers... 48# 48 48% 48 Am. Can 47% 47% 47% 48 Am. Ice 108 107 108 107 Am. H. & L 15% 15% 15% Am. In. Corp... 45% 45% 45% 45% Am. Loco 112% 111% 112 112% Am. Steel Fdy.. 38% 38% 38% 38 Am. Sml. & Kef. 57% 50% 57% 57% Am. Sugar Ref. 72% 72% 72% 72% Am. S. Tob. Cos. 33% 33% 33% 33 Am. Tel. & Tel. 121% 121% 121% 121% Am. T0bacc0....140% 139% 139% 139% Am. Woolen 89 88% 88% 88% Anaconda 52% 52% 62% 52% Atchison 99% 98% 98% 98% Atl. Coast Line. 97% 97% 97% 9S Atl. Gulf 3- W.I. 84% 33% 33% 33% Austin Nichols.. 26% 26 26 % 26% Baldwin L0c0...115 113% 114% 114% B. & 0 45 43% 44% 43% | Beth. Steel (8).78% 76% 78% 77% ! llrk. Rp.- Trans. 24% 23% 24 24 Cal. Pete 54% 54% 54% 54% Can. Pae. Ry... 140% 139% 140% 139% ! Cent. Leather.... 37% 37% 37# 88 ; Chandler Motor. 78% 78% 76% 78 !C. & 0 65% 65 65% 64% CM. & St.P.com 25 24 % 25 24% C M. & St.P.pfd. 41 40 41 40 Chi. &N. W.... 73% 72% 73% 72% C. R. L. & P... 41 40 41 44 Cluett & P 55 55 55 Comp. & Tab... 70% 69% 69% 71 Cino Copper .. 28 27% 27% 27% Columbus Gas. . 83% 83 83% 83 Coca Colo 48% 48% 48% 48% Col. Fuel & Iron 32% 31% 32% 31% Consol. Gas ...110% 109 109% 10S% Cont. Can 61% 01% 61% 60% Corn Prod 103% 103 103% 104 Crucible Steel .65 63% 3% 64% Cub. Am. Sugar 22% 22% 22% 22% Cub. Cane Sugar 15% 15% 15% 15% Del. & Hudson.l22% 119% 122% 119% Del. & Lack. ~U 0 115% 115% 115% Dome Mines ... 25% 25% 25% 25% Erie 13% 12% 13% 12% Erie Ist pfd. .. 22Vi 20% 22% 20% Endicott and J. 84% 84 84 % 84% i Famous Players 83 81% 83 82 Fisk Rub. Cos. .17 16% 17 16% General Asphalt 66% 65% 05% 60% i Gen. Electric ..161 161 161 162 Gen. Motors .. 13 12% 12% 13 i Goodrich 40 39% 39% 40% Gt. Nrtrh. pfd. . 74% 73% 74 73% Gt. North. Ore . 40% 4040% 40% Gulf Sts. Steel . 84% 80 80 % 83 I Hupp 17% 17% 17% 17% Houston Oil ..81 79% 81 79% ! Illinois Central.lo6% 106 106 100% | Inpsiration Cop. 40% 40% 40% 40% ! Inter. Nickel .. 17% 16 17% 17 Inter. Paper .. 48 47% 47% 47% Invincible Oil .19 18% 18% 19 Kelsev Wheel .106 106 106 Kelly- Sprg. Tre 46% 46% 46% 46% Ken. Copper .. 30% 29% 29% 29% I ok. Steel 54% 53V8 54% 52% Lima Loco 11l 110% 111 110% Lihigh Valley.. 64% 63% 04 t 63% L. A N 116% 116% 16% 116% Loews, inc 15% 14% 15% 15% Martin Parry.. 28% 28 28% 28'i Marine com ... 18% 17% 18 17% -Marine pfd 76% 76 76% 76 Maryland Oil .. 28% 28% 28% 28 Mexican Pet 133 130% 132% 131 Miami Cop 28% 28% 28% 28% | Mid. States Oil 13% 13% 13% 13% Midvale Steel... 35% 34% 35% 34% Mo.-Pae. Ry 24% 23% 24 23% Mo.-Pac. R. pfd. 58% 55% 57% 55 Mont. & Ward 19% 19% 19% 20 Nev. Con Cop. 15% 15% 15% 15% N. Y. Air Brake 71 69% 71 70% X. Y. Central... 88% 88% SS% 88% New Haven .... 27% 20% 21 21% Norfolk & W 106% 105% 105% 106V* North. I’ac 77% 76% 77 7*i% Okla. I*, ic R. Cos 2% 2% 2% 2% Owen Bot. com. 31% 31% 31% 31% Pacific Oil 54% 54 54 % 54% Pan-A. Pet 63 61 62 % 61% Penna. Rv 42% 42% 42% 42% People's Gas 83> , 82% 83% 82% Peru Marquette 29% 29% 29% 29% Pierce-Arrow .. 20% 19% 19% 20 Pierce Oil Com. 9% 9% 9% 9 Pullman P. C... 123% 123% 123% 123 Pure Oil 32 31% 32 31% Ry. Steel 5p.... 99% 99% 99% 100 Reading 79% 78% 79% ".BN. j Rep. I, and Steel 56% 54% 55% 54% Replogle Steel.. 35% 34% 35 33% |R. D. of N. Y.. 60% 60% 60% 60 i Sears-Roebuck.. 76% 76 76% 76 j Sinclair 25% 25% 25% 25% Superior Steel.. 38% 38% 38% 38% S. S. S. & 1... 48% 44% 45% 44% ' South. Pae. ... 90 88% 89% 89 South. Ry 24 23% 24 23% St. L&S WRy 30% 30 30% 30% I Stand. O. of C. 95% 95 95 97% ! S. Oil of X. J.. 175 173 173 171 !StLA SW. com 30% 30% 30% 30% j Stewart A- W... 40% 39% 39% 40 ! Strom. Carb.... 51% 50% 50% 51 I Studebaker .*..117% 115% 116% 117% j Texas G. & S.. 41% 41% 41% 41% : Texas C. &O. . 27% 27% 27% 27% Texas Cos 44% 44% 44% 44% Texas A Pac.... 35% 34 35% 34% Tob. Trod 64 03% 64 64 Trans Oil 9% 9% 9% 9% Union Oil 19 18% 18% 18% Union Pae 137% 138% 137 136 United Drug .. 71 70% 70% 70% United Fruit ..146 146 146 146 U. S- R. S 48% 48% 48% 48% U. S. C. I. &P. 36% 36% 36% 36% i IT. 8. In. A. .. 47 46% 47 47% !V. S. Steel .... 98% 97% 97% 97% ; U. S. Steel pfd.117% 117% 117% 117 j Utah Copper ... 65% 65% 65% 65 Van. Steel 44 43% 44 44% Wabash 9% 9% 9% 9% Wabash Ist pfd. 31% 31% 31% 31% Worth. Pump . 53% 53 53 53 West. Elec 62% 61% 62% 61% j White Motors.. 43 43 43 43% i W. Overland .. 8% 8% 8% -8% White Oil 9% 9% 9% 0% Woolworth ....161% 161% 161% 163

NEW YORK LIBERTY BONDS. —April 5 ' Prev. High. Low. Close, close. Liberty 3V a s 90.30 90.24 00.26 99 24 Liberty let 4a.... 99.20 99.20 99.20 09.30 Liberty 2d 4s 00.10 Liberty Ist 4%5. 99.58 99.40 99.40 99 58 Liberty 2d 4Vis.. 99.44 99.22 99 20 99.22 Liberty 3d 4Vis.. 99.56 99.50 99.50 99.56 Liberty 4th 4Vis. 99.60 99 44 99.46 99.56 Victory 3%s 100 02 100.04 Victory 4%s ....100.92 100.90 100.90 100.90 CHICAGO STOCKS. (By Thomson & McKinnon) —April 8— Open. High. Low. Close. Am. Shlpbuild... 93 Ar. & Cos. pfd.. 97 97 96% 97 Armour Leather 12% 32% 12% 12% Armour L. pfd. 83 Case Plow 4 CC & C R pfd. 7% C E R pfd 5% Cudahy G 6 66% 66 60% Com. Edison ...130 131 130 131 Continental M.. 7% Deere & Cos. pfd. 71 Earl Motors 3% 3% 3% 3% Libby-McNelll.. 3% 3% 3% 3% Mont. Ward ... 19% 19% 19% 19% National Leather 2% Nat. Loath, new 10% Pick & Cos 28 28 27% 27% Pig. Wiggly A 38% 39% 39% 39% Quaker Oats... 95 Reo Motor 23% 23% 23% 23% Stewart-W 39% 40 39% 40 Swift & Cos 102% 102% 102% 102% Swift Inti 18% IS% 18 18 Thompson J R. 44 45% 44 45% Tern tor Corn A 2% Union Car. &C. 57% 58 57% 58 IVrigley 100 103% 100 103% Yellow Taxi .... 79% NEW YORK WOOL. NEW YORK. April B.—Wool prices were steady to ~eak in trade on the market here today. Wool values of the past week were maintained. NEW YORK TURPENTINE. NEW YORK, April &—Turpentine sold at 88c per gallon In trade on the market here today.

INDIANA DAILY TIMES.

STOCK MARKET TONE IS STRONG Leading Issues Make Upturns of Over 1 Point. NEW YORK, April B.—The stock market closed strong today. The market turned strong again in the late dealings, many of the leading issues moving up about 1 point. United. States Steel rose from 97% to 98%, but later reacted to 97%, and Baldwin Locomotive rose over 1 point to 114%. Studebaker recovered 1% point to 116%, and Mexican Petroleum touched a new high for the year at 133%. Missouri Pacific preferred was the feature of the railroad group, advancing nearly 4 points to 55%, while Southern Pacific sold at 90. Government bonds were unchanged and railway ann other bonds strong. Total sales of stocks for the day were 822,300 shares, for the week were 7,870,800 shares. Total bond sales for the day were $9,513,000; for the week, $97,597,000. (By Thomson & McKinnno). , —April 8“ We have had a surprisingly active market today for a week end session. During the first hour the trading was mainly of an evening up character and no definite trend was discernible, but a little later the market was favored with a considerable volume of buying, coming through various commission houses and the market again asumed the same appearance of strength that has been the feature during every session for some time. The public have taken hold of the market and with each advance their confidence Increases and new buyers come in, and this makes it possible for considerable profit taking without having the usual depressing effect on values. Industrial and financial news continues as heretofore to reflect constant improvement and at the moment the only cloud visible is the coal strike aud the uncertainty of its duration. But even as to this there Is a definite opinion in commercial and financial circles that the strike will prove to be a failure and ultimately result in a more satisfactory condition in the coal trade. Business interests everywhere are preparing or a protected period of prosperity and are planning accordingly. Before long we will probably have a renewal of efforts In relation to various metrgers and this will be an added stimulant to the market. At .he present time our sole concern Is as tc the market's technical position. Fie iuent profit taking and frequent reactions will help materially in maintaining a sound condition here and thus aid in the markets move toward ultimately higher prices. TWENTY STOCK AVERAOE. NEW YORK, April B.—Twenty Industrial stocks Friday averaged 99.80, unehanged. Twenty active rails uveraged 83.20, up .42 per cent. CLEARING HOUSE STATEMENT. Exchanges, $738,800,000; balances, SOO,100.000. Federal Reserve Bank credit balances, $44,800,000.

Money and Exchange Indianapolis bank clearings Satnrday were $2,428,000 anil for the week ending Saturday, $16,345. Bonk debits Saturday were $5,175,090 and for the week ending Saturday, $31,813,000. NEW YORK, April B.—The foreign exchange market opened irregular today with demand Sterling %c higher at $4 40%. Francs rose 1% cet:times to 9.15 c for cables and to 9.14%e for checks. I.lres yielded 1% points to 5 29c for cables and to 525%c for checks. Belgium francs were off % centime to 8 40%e for cables aud to 8.46 c for checks. Marks were % of a point higher at .0033 c. Guilder cables were 37,83 c; checks, 38.82 c. Sweden kronen cables were 26.10 c; checks, 26.05 c. NEW YORK BANK STATEMENT. NEW YORK, April B.—Average; Loans, increased. $50,294,000; demand deposits, increased, SM.-W-VX*); time deposits, decreased. $5,899,000; reserve increased, $4 415,630. Actual: Loans, decreased, ss,100,000; demand deposits. decreased. $12,624,600; time deposits, increased, $2,601,090; reserve, increased, $1,352,890. MOTOR SECURITIES. (By Thomson A McKinnon.) —April S——Close— Bid. Ask. Earl Motors 3% 3% I'arkard com 8% 8% Packard pfd 75 77 Peerless 35 37 Continental Motors com 7% 8 Continental Motors pfd 90 Hupp com 17 17% Hupp pfd 90 .... Keo Motor Car 23% 23% Elgin Motors 2% 3 Grant Motors 1 1% Ford of Canada 327 330 National Motors 1% 2 Federal Truck 17 19 Paige Motors 20% 22 Republic Truck 7% 8 ACTIVE OIL STOCKS. (By Thomson A McKinnon) —April 8— —Opening— Bid. Ask. Anglo-American Oil 18% 18% Atlantic Lobos 9 9% Borne-Scrymser 350 370 Buckeye Pipe Line 94 96 Chesei)rough Mfg. Cons 190 195 Continental Oil, Colorado.... 132 135 Cosdeu Oil and Gas 4% 4% Crescent Pipe Line 33 34 Cumberland Pipe Line 140 150 Elk Basin Pete 6% 6% Eureka Pipe Line 93 96 Galena-Signal Oil, Pref 103 108 Galena-Signal oil, com 46 is Illinois Pipe Line 179 182 Indiana Pipe Line 192 I<* Merritt Oil 19% 19% Midwest Oil 2% 3 Midwest ltrf 179 180 National Transit 27% 28% New York Transit 170 175 Northern Pipe Line 105 108 Ohio Oil 273 278 Oklahoma P. A R 5% 6 Pen n.-Mex 20 29 Prarie Oil and Gas 555 565 Prairie Pipe Line 225 233 Sapulpa Refg 2% 3 Mi.ar Kenning; 34 9 300 Southern Pipe Line 97 99 South Penn Oil 175 iso Southwest Penn Pipe Lines. 69 63 Standard Oil Cos. of Ind 88% 88% Standard Oil Cos. of Kan 530 559 Standard Oil Cos. of Ivy 475 499 Standard Oil Cos. of Neb 105 175 Standard OH Cos. of N. Y.... 368 373 Sandard Oil Cos. of Ohio 409 415 Swan A Finch 25 35 Vacuum Oil 350 379 Washington Oil 40 60 NEW YORK SUGARS. NEW YORK, April B.—Raw sugars were unsettled on the market today. Cubas were quoted at 4.11 e per pound, duty paid and Porto Ricos at 3.98@4e per pound, duty free, delivered. Refined Sugars were quiet, fine granulated selling at 5.251(7,5.50c and No. 1 soft at [email protected] per pound. NEW YORK COFFEE, NEW YORK, April B.—Coffee values were easy in trade on the market here today, opening options being 2 to 7 points lower. Rio No. 7, on spat, sold at 10%@10%c per pound. NEW YORK RICE. NEW YORK, April B.—Rice was quiet in trade on the market today. Domestic sold at 3%@7%c per pound. NEW YORK HIDES. NEW YORK, April B.—Hides were active and firm in trade on the market here today. Native s.eer hides sold at 13c per pound and era tided steer hides at 12c. NEW YORK PETROLEUM. NEW YORK. April B.—Petroleum prices were again steady in trade on the market here today, Pennsylvania crude selling at $3.25 per barrel. CLEVELAND PRODUCE. CLEVELAND, April 7.—Butter—Extra, in tubs, 40%@41c; prints, 41%@42e; extra firsts, 39%®40c; packing stock. 17® 19c. Eggs—Fresh gathered, northern extras, 28c; extra firsts, 27c; Western firsts, new cases, 24c. Poultry—Live, heavy fowls, 27@2Se; spring culls, 24® 26c; ducks, 32@34c.

Weather The following table shows the state of the weather at 7 a. m., April 8, as observed by U. S. Weather Bureaus: Station Bar. Temp. Weather Indianapolis, Ind... 29.88 59 Ruin Atlanta, Ga 30.08 61 Clear Amarillo, Tex 29.58 44 PtCldy Bismarck, N. D.... 29.56 42 Clear Boston, Mass 29.84 56 Cloudy Chicago, 111 29.84 44 Cloudy Cincinnati, 0 20.1*4 64 Cloudy Cleveland, 0 29.92 58 Cloudy Denver, Colo. 29.54 30 Clear Dodge City, Kas... 29.64 54 Cloudy Helena, Mont 29.36 38 Cloudy Jacksonville, Fla... 30.12 68 Clear Kansas City. M 0.... 29.74 60 Cloudy Louisville, Ivy 29.94 70 Cloudy Little Rock, Ark... 29.84 70 Cloudy Los Angeles, Cal... 30.02 50 Cloudy Mobile, Ala 30.02 68 Cloudy New Orleans, La.... 29.94 72 PtCldy New York, N. Y 29.94 58 Cloudy Norfolk; Va 30.06 64 PtCldy Oklahoma City 29.50 58 Cloudy Omaha, Neb 29.68 50 Cloudy Philadelphia, Pa.... 29.96 62 Cloudy Pittsburgh, Pa. .. 29.94 62 Rain Portland, Ore 29.94 36 PtCldy Rapid City, S. D... 29.50 30 Clear Itoseburg, Ore. .... 30.10 34 Cloudy San Antonio, Tex.. 29.52 72 Cloudy San Francisco, Cal. 30.02 46 Clear St. Louis, Mo 29.80 62 Cloudy St. Paul, Minn 29.82 34 Clear Tampa, Fla 30.10 72 Clear Washington, D. C.. 29.96 62 Cloudy WEATHER CONDITIONS. Unsettled weather with rains occurred In a belt from northwestern Texas to New Englund. and precipitation also lias occurred In the north Pacific and northern Rocky Mountain States. It is cooler In the Lukes region and adjoining sections to tlie south and west, and warmer in the middle and northern plains region. —White River Conditions. — At 7 a. m. today stages in White River were as follows: Anderson, 6.4, rising; Xoblesvllle, missing; Indianapolis, 8.5, rising; Klliston, 17.0, rising; Shoals, missing; Decker, 22.0. falling. Heavy rains over the upper West Fork will cause another rise In that stream, probably exceeding flood stage by two to three feet at Klliston. J. If. ARMING TON, Meteorologist, Weather Bureau. CORN AND WHEAT BULLETIN. For the twenty-four hours ending at 7 a. m., Saturday, April 8, 1922; Temper-1 i ature. J a - Statlons of ,^1 Indianapolis „' I ■= 5 t-S, 1 _o K District. 2=2 rjc C’C T T 31., ttS;£ s jf a ==■£ Bs j.® -Sjz- o£3 South Bend i rtSTfSTj () | Good Angola j 72 | 54 0 Fair Ft. Wayne i 74 I 58 ' 0.14 Wheatfteld 67 j 52 : 0.68 j Fair Royal Center ... 70 58! 032 : Fair Marion ; 80 56 ! 0.75 ] Good Lafayette I 69 i 59 i 1.02 | Muddy Farmland j 83 ; 56 ; 1.2N Muddy Indianapolis | 7S i 59 ; 2.16 1 Good Cambridge City.i 80 i 56 | 2.25 i Muddy Terre Haute ....' 72 60 | 1.70 Bloomington ....j 82 ! 53 ! oso Muddy Columbus | 83 i 59 j 0.. V) | Fair Vincennes jB4 03 j 0.16 I Soft I’aoli jB3 66 | 0 1 Good Evansville j 80 j 6S i 0.62 j J~IL ARMIN'GToN: Meteorologist, Weather Bureau.

Local Stock Exchange STOCKS. —April 8— Bid. Ask. Ind. Ry. & Light com 00 Ind. Ry. & Light pfd 75 Itidpls. St. Ry 43% 48% Indpls. & N. W. pfd 60 ludpis. A S. E pfd 60 T H.. T. A L. pfd 69 T. H.. 1. A E. com 5 T IL. I. A E. pfd 15 U T. of Ind. com 1 l'. T. of Ind. Ist pfd 8% 7 U. T. of [nd. 2d prd 2 Advance-Uumely Cos. pfd ... Advance-Humeiy com ... Am Central Life 195 ... Am. Creocotlng pfd 94 ... Belt R. R. com t!7% ... •Bdt R. It. pfd 50 Century Bldg. Cos pfd 93% ... Citizens Gas Cos 20 ... City Service com City Service Cos. pfd.... 59 ... Dodge Mfg. Cos. pfd ... Hoax. Brewing 45 ... Ind. Hotel Cos. com. 85 ... Ind. Hotel Cos. pfd 98 ... Ind. Nat. Life ins. Cos 2 Ind. Title Guarantee 71 ind. Pipe Line ... ... Indpls. Abattoir pfd 46 Indpls. Gas 44% ... Indpls. Tel. pfd 90 Indpls. Tel com 2 ... Mer. Pub. I til. pfd 48 Nat. Motor Car Cos. 1 3 Pub. Snv. Ins. Cos OVi ••• Ranh Fer. pfd 47 Stand. Oil of Ind Sterling Fire Ins. Cos 7% ... Van Camp Hilw. pfd 90 Van Camp Prod, lsi pfd 100 Van Camp Prod 2d pfd 102 Vandalin Coal Cos. com ... Vandnlia Coal Cos. pfd G% ... Wabash Ry. pfd Wabash Ry. com BONDS. Broad Ripple 5s 61 Citizens St Ry. 5s 73 78 Indian Creek Cos. A Mine 6s ... 100 lull. Coke A Gas Cs 86 Indpls. C. & S. ss. 91% ... Indpls A North. 5s 38 43% Indpls. A Martinsville 5s .. 69 Indpls. A N. W. 5s 48 51 Indpls. A S. E. 5s 45 Indpls., Sbelbyv. & S. E. 5s 70 Indpls. St. Ry. 4s 61 T li , I. A E. 5s Citizens tjas 5s 86 88 Indpls. Gas 5s 86 ... Kokomo, M. A W. 5s 84% ... Ind. Hotel Cos. 6s 96 Indpls. Water 5s 92% ... Indpls. Water 4%s 81 86 Indpls. T. A T 75% 80 ludpis. L. A 11. 5s 86% 89 U. T. of Ind. 6s 46 Mer. 11. L. 5s 96 New Tel. L. D. os 96 ... New Tel. Let 65 146% Sou. Tel. Power 6s 86% 91% •Ex-divldend. Local Curb Market (By Newton Todd.) —April S Bid Ask Am. Hominy Cos 10 16 Central and Coast Oil % ... Choate Oil Corp % % Citizens Gas Cos. pfd 90 96 Commonwealth Fin. Com 30 36 Commonwealth Pin. pfd 41 48 Columbian Fire Ins. Cos 6 7% Comet Auto % 2 Dayton Rubber Units 44 54 Dictograph Prod, pfd 30 38 D. W. Griffith 3% 7% Elgin Motor Car 2 3% Fed. Fin. Cos. pfd 77 87 Fed. Fin. Cos. com 124 132 Gt. Sou. Prod. A Ref 5% 7 Metro, 5-10 e Stores com 3 7 Metro. 5-10 c Stores pfd 19 27 Nat. Underwriting 2% 5 Revere Motors % % Rauch & Lang Units 20 82 Rub. Tex. Units 10% 13% U. S. Auto Units 47 57 U. S. Mfg. Cos. Units 138 152 BANK STOCKS. Commercial Nat. Bank 74 83 Coni. Nat. Bank 103 116 Ind. Trust Cos 175 Ind. Nat. Hank 237 267 Mer. Nat. Bank 282 Security Trust Cos 130 State Sav. & Trust 93 99 Union Trust Cos 300 Wash. Bank & Trust Cos. .. 130 INDIANAPOLIS PRODUCE. Eggs—Fresh, 21@22c. Buter —Packing stock. 14® 13c. Poultry—Fowls, 17®22c; broilers, 1% to 2 lb. size, 50c; leghorn broilers, at discount; cocks. 12® 14c; young hen turks, 8 lbs. and up 34@35c; young tom turks, 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 lbs. and up, 13@14c; squabs. 11 lbs. to dozen. $5.50®6.00; old guineas, per dozen, $3. Butter—Local dealers are paying 38® 39c per lb. tor butter delivered in Indianapolis. Butterfat —Local dealers are paying 36c per lb. for butterfat delivered iu Indianapolis. Corn —New, per bushel, 60@65e. Corn —Old. per bushel. 60®65c. wagon wheat *KICEB. Indianapolis fiour milts 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 teat tor No. 3 red winter.

GRAINS REGISTER LATE ADVANCES Good Export Demand Appears During Final Hour. CHICAGO, April B.—Grain prices advanced sharply during the latter part an active short session on the Chicago Board of Trade today. The advance was due to heavy buying by commission houses, an advance in foreign markets and a good demand for export. Provisions also advanced. May wheat opened at $130%, off %c. and later advanced 2c. July wheat opened at $1.19, off %c and closed up l%c. September wheat opened at $1.12%, off l%c, and closed up l%c. May corn opened unchanged at 58%e and closed up %c. July oats, after opening off %c, at 62%c, advanced %c. September corn opened at 64%c, off %c and closed up %c. May oats opened at 36%c, off %c and closed up %c. J'uly oats opened unchanged at 39%c and closed up %c. September oats opened off %c at 40%c aud advanced %c later. (By Thomson & McKinnon.) —April 8— Wheat—Although yesterday’s crop report was generally construed as bearish, there were sufficient complaints from the far Southwest, together with more rains and low temperatures in the Northwest, to bring a demand for the crop deliveries today. Previous sellers of May delivery were not sure of their position aud found the market comparatively bare of offerings. Such unfavorable news of the new crop ns is being received comes only from a limited section which has heretofore complained and is known tp be in a very uncertain condition. A semi-official authority in Kansas says that about half the acreage of the State Is quite problematical as to ultimate outcome. Nothing whatever has been heard of the foreign demand. The Liverpool market seems not apprehensive over our crop situation. Such export trade as is being done Is for deferred shipments, the major portion of it Icing in the new crop There remains a very poor demand for nearby shipment, also, for tlie cash wheat In milling centers. Southwestern market have Increased their discount under Chicago, but there have been no reports of further purchases from that territory to come to Chicago. However, there was 100,000 bushels sold to go to store for delivery on May contracts. We are inclined to expect an uncertain market, changing quickly from weakness to strength In sympathy with various Items of news from the growing crop. The trade Is fast going over Into the July and September deliveries and within a short time transactions in May will be mainly In the way of closing previous cont racts. Corn and Oats—Cold and wet weather is creating some apprehension in oats and, to a slight extent, Is operative In corn. There was a little better general trade in both of theso market, although they still tako their color from the action of wheat. There is no evidence of any improvement In the cash demum. 1 for either one of these grains. Provisions—Firmness in hogs and grain were effective In the provision list. There seems to be a little better feeling In the cash trade, also an idea that tiie movement of hogs will not enlarge to any important extent.

CHICAGO GRAIN TABLE. —April 8— WHEAT— Open. High. Low. Close. May 1.30% 133 1.30 1.32% July.... 1.19 1,20% 1.18% 1.20% Sept 1.12% 1.14% 1.12% 1.14 CORN— May 38% .59% .58% .59% July 62 .62% .62 .62% Sept 64% .05% .64% .04% OATS— Mav 30% .37% .30% .36% July 39% .39% .39% .39% Snpt 40% .41% .40% .41% PORK—•May 31 DO lard— May 11 00 11.00 10.92 10.97 July 11.20 11.25 11.15 11.25 Sept 11.40 11.55 11.40 11.30 RIBS— Mav 11.50 11.50 11.30 11.50 July 10.80 10.80 10,60 10.80 •Sept 10.90 RYE— Mav 1.02 1.02% 1.01% 1.02 July 94% .95 .94% .94% •Nominal. CHICAGO CASH GRAIN. CHICAGO. April B.—Wheat —No. 2 mixed, $1.31%. Corn —No. 2 mixed, 57% ;5Se; No. 2 yellow. 58®58%c; No. 3 mixed, 56®56%c; No. 3 white. 58c; No. 3 yellow, 66%®57c; No. 4 mixed, 55%c; No. 4 yellow, 33%c. Oats -No. 2 white, 28%®39c; No. 3 white, 36%®37c. TOLEDO SEED AND GRAIN. TOLEDO. April 8. —Cloverseed —Cash, $14.50; April, $13.50; October, $11.50. Alsvke— Cash. $11.50. Timothy—Cash, $2.uK; May. $3; September, $3 30; October, $3.25. Wheat—Cash, $1.40®1.42; May, $1.10%; July, $1.23%. Corn—Cash, 62® 63e. Oats—Cash, 41®43c. Rye—Cash, sl. Barley—Cash, 67c. PRIMARY MARKETS. (By Thomson & McKinnon.) —April B. —RECEIPTS— Wheat Corn Oats St Joseph 11.000 11,000 Chicago 62.000 193,000 117,000 Milwaukee 1,000 23,000 59,000 Minneapolis ...160,000 21,000 48,000 Duluth 50,000 17,000 St. Louis 55,000 35,(XX) 38.000 Toledo 4,000 1,000 12,000 Detroit 4,000 6.000 4.000 Kansas City.. .101.000 40,000 15,000 Peoria 2.000 56,000 20,000 Omaha 30,000 63,000 16,000 Indianapolis .. 17,000 7,000 18,000 Totals 497,000 474.000 337.000 Year ago .. 943.000 328,000 245,(XX) —SHIPMENTS— Wheat Corn Oats St. Joseph 2.000 28,000 14,000 Chicago 49,000 144,000 135,000 Milwaukee 1.000 47,000 66.000 Minneapolis ... 91.000 12,000 11S,000 St. Louis 50,000 44,000 63,000 Toledo 3,000 8,000 Detroit 4,000 4,000 Kansns City ..246,000 43.000 5,000 Peoria 1 1.000 14,000 34,000 Omaha 72,000 115,000 36,000 Indianapolis 17,000 18,000 Totals 515.000 476,000 493,000 Year ago .. 819.000 558,000 323,000 —CLEARANCES— Wheat Corn Oats Philadelphia 162,000 New Orleans 640,000 Galveston 29,000 Totals 53,000 831,000 Year ago 62,000 275,000 INDIANAPOLIS CASH GRAIN. —April 8— Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Steady; No. 2 red, $1.38®1.39. Corn —Firm: No. 3 white, 59@60c; No. 4 white, 58@59e; No. ? yellow. 58%® 59c; No. 4 yellow, 57%@58c; No. 3 mixed, 57%@38c: No. 4 mixed, 50%®57e. Oats —Firm; No. 2 white, 40®42c; No. 3 white, 37®38%e. Hay—No. 1 timothy, $18.50@19; No. 2 timothy, $18(8)18.50; No. 1 light clover mixed, $17.50® 18; No. 1 clover, slo@2o. . —lnspections Wheat—No. 2 red, 1 car. Corn—No. 3 white, 2 cars; No. 4 white, 4 cars; No. 4 yellow, 3 cars; No. 5 yellow. 2 cars; No. 6 yellow, l car: sample yellow, 1 car; No. 2 mixed, 1 car; No. 3 mixed, 2 cars; No. 4 mixed, 1 car; No. 5 mixed, 2 ears; No. 6 mixed, 1 car; total, 20 cars. Oats —No. 2 white, t car; No. 3 white, 6 ears; No. 4 white, 2 cars; sample white, 1 car; total, 10 cars. Rye—Sample, 1 car. BOARD OF TRADE STATEMENT. The weekly statement of the Indianapolis Board of Trade, showing the oxtput of flour by local mills, inspections for the week and stock in store, follows; COM PA RATI V E STATEMENT. Output of Flour — Bbls. April 1, 1922 8,200 April 9, 1921 5,887 April 10, 1920 8.381 Inspections for Week— 1921 1922 Wheat 27.000 3,000 Corn 151,000 84,006 Oats 132,000 138,000 Rye 6,000 6,000 —STOCK IN STORE— Wheat. Corn. Oats Rye. April 8, 1922.144,000 374.000 265,000 April 9, 1921. 88,820 460,640 327,100 2,000 April 10,1920 279.300 659,590 63,320 4,220

SWINE PRICES 10 CENTS HIGHER Cattle Values Are Generally Steady—Veals Firm. RANGE OF HOG PRICES. Good Good Good Mar. Mixed. Heavy Light. 31. [email protected] [email protected] [email protected] April 1. 10.30@ 10.30 [email protected] 10.40 @ 10.50 3. [email protected] [email protected] [email protected] 4. 10.25 @ 10.40 [email protected] [email protected] 6. [email protected] [email protected] 10.75@10.*0 6. 10.40 @10.60 [email protected] [email protected] 7. [email protected] 10.25 @ 10.50 10.65 @ 10.75 8. [email protected] 10.35 @ 10.60 [email protected] Swine prices were 10 cents higher generally in trade on the local livestock exchange today, with receipts close to 3,000 and the demand fair. At a very early hour ‘in the forenoon practically all of the receipts were sold. Cattle values were fully steady, with receipts extremely light at around 100 and speculators the only active buyers. Veals were steady, with the shipping demand fair, except extremely light and the quality only fair. There were close to fifty sheep and lambs on the market and prices were steady. HOGS. 100 to 180 lbs. average $10.75®10.80 Over 3(XI lbs 10.25® 10.35 150 to 300 lbs 10.35® 10.85 Best pigs, under 140 lbs [email protected] Top 10.85 Roughs 7.75® 9.00 Stags 5.00® 7.00 Bulk of sales [email protected] —CattlePrime corn-fed steers, 1,000 to 1,800 lbs 7.25® 8.25 Good to choice steers, 1,200 to 1.300 lbs 6.50® 7.00 Good to choice steers, 1,100 to 1,200 lbs 6.00® 6.50 Good to choice steers, 1,000 to 1,100 lbs 5.50® 5.75 Common to medium steers, 800 to 1.800 lbs 5.25® 5.75 —Cows and Heifers — Good to choice heifers 7.50® 8.00 Medium heifers 6.50® 7.25 Common to medium heifers.. 5.25® 6.25 Good to choice cows 5.50® 6.25 Fair to medium cows 3.50® 4.50 Canners 3.00® 4.00 Cutters 2.75® 3.75 —Bulls— Fancy butcher bulls 5.50® 600 Good to choice butcher bulls 4.00® 5.25 Bologna Bulls 3.50® 4.25 Light bologna bulls S.Oo® 3.50 Light to common bulls 2.75® 3.50 Choice veals [email protected] Good veals 10.50®11.23 Medium veals [email protected] Lightweight veals B.oo® 9.00 Common to heavyweight veals 7.00® 8.00 —Stockers and Feeders— Good to choice steers under 800 lbs 5.75® 6.75 Medium cows 2.25® 3.75 Good cows 3 50® 4.50 Good heifers 5.25® 6.50 Medium to good heifers 4.00® 5.00 Milkers [email protected] —Sheep and Lambs— Cull ewes 2 25® 300 Good to choice ewes 5.50® 8.00 Bucks 2.50® 3.50 Clipped lambs 8.50® 10.50 Wool lambs [email protected] Seconds 6.00® 8.00 Buck lambs 5.50® 6.50 Culls 3.00® 5.00

Other Livestock CHICAGO, April B.—Hogs—Receipts, 6,500; market, active and mostly 5c to 10c higher; bulk of sales, $10.35@ 10.80; top, $10.85: heavies, $10.40® 10.65; mediums, $10.354110.85; lights, slo.os'f 10>3: light lights, $10.25® 10.85; heavy packing sows,, smooth. $9.o0@10; packing sows, rough, [email protected]; pigs. $9.50® 10.65. Cattle—Receipts, 500; market, steady. Sheep and lambs—Receipts, 2,500; market, steady. CLEVELAND, April B—Hogs—Receipts, 2.500; market. 5 to 15c higher; yorkers. mixed and mediums. [email protected]; pigs. $10.75@11; roughs. $8.50; stags. $5 50. Cattle—Receipts. 100: market, slow steady. Sheep and lambs—Receipts, 300; market, steady : top. sl4. Salves —Receipts, 200; market, steady; top, $11.50. CINCINNATI, April S.—Hogs Receipts, 2,000; market, steady: all grades. $10.85; pigs, $10.25; roughs, $8.50; stags, $5.50. Cattle—Receipts, 350; market, steady; bulls, steady; calves, sll. Sheep and lambs—Receipts, none; market, nominal. EAST ST. LOUIS. April B.—Hogs -Receipts, 4,500; market, 5 to 15 cents higher; mixed and butchers, [email protected]; good heavies $10.504110.70; roughs, ¥8.35 @9: lights. [email protected]: pigs, [email protected]; bulk of sales. $10.65(510.75. Cattle—Receipts, 150; market, steady; native beef steers. $7.75@9; yearling steers aud heifers. $5.25@9; cows, [email protected]; stocUcrs and feeders. [email protected]; calves, $3.75@9; ennners and cutters, [email protected]. Sheep and lambs—Receipts, none; market, nominal. EAST BUFFALO, April S.—Hogs—Receipts. 1,600; market active; yorkers. sll 23® 11.35: pigs, $11.25; mixed, $11.25 @11.35; heavies. [email protected]; roughs, s9® 9.25; stags. [email protected]. Cattle—Receipts. 100; market active and steady; shipping steers, [email protected]: butcher grades, $7.25 @8.50; heifers. $5.25(57 75; cows, $2.25® 6; bulls, [email protected]; feeders, s3@6: milk cows and springers. $25@110. Calves — Receipts, 150; market active: cull to chOlce, [email protected]. Sheep and lambs —Receipts, 600; choice lambs, [email protected]; cull to fair, sß® 15.75; yearlings, sS@ls; sheep, s3@l2. UITTSBURGH, April B—Hogs—Reeclpts, 1,800: market 25c lower; prime heavies, $10.25®10.85; mediums. $11.13® 11.25: heavv yorkers, [email protected]: light yorkers, $11(511.25: pigs, [email protected]; roughs, [email protected]: heavy mixed, sll.lo® 11.15. Cattle—Reoeiuts. 50: market steady; choice, $5.75@9: prime, $S.25@

Announcement To Indiana Investors SW. STRAUS & CO. announces the removal of their Indianapolis office from the * Merchants Bank Building, Indianapolis, to enlarged quarters in the new— City Bank Building Washington Street, just east of Pennsylvania) Indianapolis A cordial invitation is extended to the customers and friends of S. W. STRAUS &. Cos. to call and visit us at the new location, where we will be equipped to render the most efficient investment service. We will be especially pleased to greet you on the day of our formal opening, April tenth. S.W. STRAUS & CO. Established 1882 Incorporated National City Bank Building —Indianapolis Telephone Main 1801 Offices in 15 Principal Cities FORTY WITHOUT LOSS TO ANY INVESTOR C-QT'V'HtrM.

8.50: good. $7.75@8; tiidy butchers, $7.50 @7.75: fair, [email protected]; common, ss@fl; common to good fat bulls, s3@6; common to good fat cows, s2@6; heifers, [email protected]; fresh cows and springers, $35@75; veal calves. $11.50; heavy and thin calves, [email protected]. Sheep and lambs—Receipts, 500; market steady; prime wethers, $8.73 @9.25: good mixed. [email protected]; fair mixed, $7.25(5.7.75; cull and common, $2.50® 4.50; choice lambs, sl4. Canadian Government Lines Lose $67,000,000 Special to Indiana Daily Times and Philadelphia Public Ledger. OTTAWA, April C.-Tbe deficit of the four railways owned by the Canadian Government last year was about $67,000,000. These figures are based on the report of the Bureau of Statistics, which shows operating loss on the Canadian Northern the Intercolonial and the Grand Trunk Pacific to have been $16,339,000. Fixed charges were $37,000,000, which is to be added to the deficit. The Grand Trunk had operating reven'ue of $5,678,000; but, as interest charges were $20,000.000, its deficit was about $13,500,000. There was marked reduction in operating loss on these roads in 1921, as compared with 1920, saving in this respect having been $21,865,000. The largest reduction In operating loss was $9,868,000 on the Canadian Northern; there was a reduction of $6,137,000 on the Grand Trunk Pacific, and of $5,862,578 on the Intercolonial. Fixed charges, however, have grown because several of the heavy loans recently made to these roads are ouly now beginnig to bear interest. It is a low estimate to place the increase under this head last year at $4,000,000. Canadian Pacific’s surplus, after fixed charges was $22,082,068. Thus, while the Government roads lost $67,000,000, the Canadian Pacific had a surplus of onethird that In addition, its income on special'nccounts exceeded $11,000,000. The railways, as a whole, reported a decrease in both freight and passenger traffic, with corresponding decreases in revenue. It should be taken into account, however, that 1920 showed the heaviest freight movement in the- history of the roads and was-approached only by the boom years ended June 30, 1917 and 1918. Passenger traffic in 1920 was exceeded only In 1919, and then only slightly.— Copyright, 1922, by Public Ledger Company.

In the Cotton Marked NEW YORK, April B.—As the weather was generally favorable, prices dropped 2 to 10 points at the opening of the cotton market today under local selling and offerings from spot and Southern wire houses. The buying was by foreign interests. After the start the list steadied a little. Opening cotton prices; May, 17.78 c; July. 17.28 c; October, 17.02; December, 16.96; January, 16.93 c: March, 16.82 c. The market was steady in the late dealings, closing at a n<%’ advance of 8 to —Cotton Futures — Open. High. Low. Close. January 16.93 17.15 16.90 17.14 March 16.02 17.06 16.88 17.04 Mav 17.78 17.90 17.67 17.89 July 17.28 17.42 17.22 17.40 October 17.03 17.25 17.01 17.21 December 16.96 17.23 16.96 17.21 CHICAGO PRODUCE. CHICAGO, April B.—Butter —Receipts, 7,400 tubs; creamery extras, 34c; standards. 3 a 4c; firsts. sl@S3%e; packing stock. 17® 18c. Eggs—Receipts, 32.999 cases; current receipts, 22%c; ordinary firsts. 21®21%c; checks. 20c; dirties, 20% @2o%e. Cheese—Twins, new, 17@17%c; Daisies. 16@16%c; Young Americas, i?% ®l9e; Longhorns, 17@18; Bricks, 14® 14%0. Live Poultry Turkeys, 30c; chickens. 28c; springs, 30c; roosters, 20c; geese, 18c: ducks, 3C\ Potatoes—Receipts. 71 cars; Wisconsin Round Whites, [email protected]; Minnesota Red Rivers. $1.55; Earlv Ohio Sandlands, $1; Idaho Russets, $1.60® 1.75. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift & Company: Ribs—No. 2,20 c; No. 3,15 c. Rounds— No. 2,13 c; No. 3,14 c. Loins—No. 2,24 c; No. 3,18 c. Cnucks —No. 2. 10c; No. 3,9 c Plates—No. 2. 7c; No. 3.6 c. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay—Loose timothy, $17®18; mixed hay, $16@17; baled hay. sl7@lß. Oats—New. per bushel. 42@44c. Germany Pays Only Part of Pole Bill PARIS, April B.—ls telegraph and telephone communication In France is not Improved soon it will not be the fault of the reparations commission or for lack of timter and telegraph poles. In a note sent to Germany at the beginning of the year the commission requested Germany to hand over during the year 1922, as part payment for reparations, 447,700 telegraph poles, 155.000 cubic meters of round wood and 3,945,000 cubic meters of cut wood. Germany replied that she could only supply 441,700 polos, 1.246.000 cubic meters of cut wood and 155,000 cubic meters of round wood. Struck by Street Car, Dungan Dies MUNCIE, Ind., April 8. —Injuries sustained when struck by a Muncie street car resulted fatally for William C. Dungan, 73, whose home was In Dayton, Ohio. He was crossing a street and did not notice the approach of the street car.

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