Indianapolis Times, Volume 34, Number 286, Indianapolis, Marion County, 11 April 1922 — Page 12

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STOCKS STILL ACTIVE DURING FIRST SESSION Million and Half Shares Move, With Prices Holding Firm. SELLING FOR PROFITS Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YOBK. April 11.—Well sustained ♦activity marked the first tradjng session •of the week with the total of transactions approximating a million and a half shares. Buying power was in evidence from the opening, with over-night advances in the rails, steels and oils as well as some of the specialties. Price gains were not so marked as they were on several days of last week, but the manner in which profit-taking was absorbed, gave fairly good evidence to the effect that there was a strong demand for stocks, probably from fresh sources. In other words, it looks as if the public was coming into the market on an increasing scale. Thus far, there appears to be little ground for misgivings over the technical position. In the morning there was plenty of selling to take profits, and plenty of talk about a reaction being overdue. In most cases, the sellers found their offerings taken with the closing above their selling price. Fresh impetus was given to market momentum by the publication of the unfilled tonnage figures of the T'nited States Steel Corporation. Even the optimists did not look for as much as 353,000 tens in view of the increased scale of operations. These figures and the reports of general improvement in business as well as the expectation of a better showing by the railroads, through increased tonnage, offset the less reassuring news items in respect to the coal strike. The early dispatches about the opening of the Genoa conference were without market influence. .Steels and rails furnished the most pronounced group activity and strength. Gulf States moved spectacularly, but its performance was not as impressive as the new high levels established by United States Steel. Midvale and Bethlehem Steel “B." The equipments were strong under the leadership of Baldwin and American Car and Foundry. .Features among the rails were furnished by Illinois Central, B. A- 0., Itock Island. Missouri Pacific and Pittsburgh and West Virginia. The motors and shipping shares were higher and there was pronounced strength in some of the specialties. Among the exceptional gains registered was one of five points in Market Street second preferred, and another of more than two points in Cnited States Realty. Other strong specialties were Virginia Carolina Chemical preferred. Stromberg Carbureter an’ Electric Storage r>attery.— Copyright, 1922, ty Public Ledger Company.

I ' I ; WALL STREET GOSSIP | BY MONITOR. XE WYORK, April 11.—Publication of the Cnited States Steel unfilled tonnage figures more than justified the optimism which has been expressed here regarding the outlook for the steel industry. An increase of 3539179 tons for the month, despite the large increase in mill operations was aecepte das very bullish on the steel stocks in general, and the group came in for very good buying operations. Cnfllied tonnage on March ill on the books of the largest producer amounted to 1.101,145 tons against 4.141,069 the previous month: 4.241,768 as of Dec. 31. and i,284.7*0 on March 31. 19-1. Royal Dutch met with further encouragement of the Washington report confirming previous statements as to the action taken by the Dutch East Indies on the oil tax question. The Department of Commerce advice on the subject was to the effect that the Dutch first chamber had rejected the proposed increase tax. and that from Jan. 1, 1923, the present tax may be replaced by a temporary refining tax to be collected until income taxes on profits and dividends are sufficient to cover the colony's revenue requirements. H. R. Mallinson & Cos.. Inc., according to sfturces reported to be very close to the management, showed earnings for the first quarter sufficient to account for the entire preferred dividend for 1923, and, according to this same source. April is making a better showing than any of the preceding months. The Market Street Railway issues, particularly the second preferred, which advanced six points in the early trading Saturday, received good support here yesterday, with traders naturally taking the position that if the city of San Francisco's offer is accepted by the company, ail of the preferred issues must be selling far out of line with their actual value. Public buying market was probably the heaviest of any day of the current movement, with rails and steels favored to a large extent because of the strong showing that the steels are making at the present time and the expected continuation of the good rail earnings. The market exhibits no signs of worry over the Genoa conference, nor has the closing of some of the steel mills because of the coal shortage detracted from the strong demand for steel stocks. As expected, the lteplogle Steel and Empire Steel merger was announced this morning, with lteplogle taking over the Emipre. This merger will add 230.000 tons to the annual production of Beplogle, making a total of 000.000 tons. Leonard Peckitt, now president of the Empire, is to be elected president of the new lteplogle company, which is contemplating a resumption of operations at its New Jersey and Pennsylvania plants. With the news out in reference to Replogle and Empire, the stock of the former dropped to 34, a fractional loss for the day. Traders interested in the long side of the market are nourishing a report that Repiogie will bring out anew stock issue to be offered to present stockholders at about 33, -'he proceeds to apply on the acquisition of Empire. At this price, it will be necessary to do something with the market stock in order that stockholders' rights would have some value. Anew issue at 35 with the market at 34 would be of no interest to anybody. Otis Steel is mentioned as one of the smaller steels which will next be taken up by pool operations, and the moderate rise of this Issue in Saturday’s market was increased fractionally yesterday. While it was anticipated that the sieel tonnage figures would show a big gain, few persons looked for anything like the 333.079-ton gain which was made. This acted as a barometer of steel conditions in general, is casting aura of confidence over all the steels. Studebaker, again working to the fore with a 2% point gain, met with good support, much of it apparently being for the public buying, which is at last coming into the market on a heavy scale. Asa mater of fact, it appeared as thougu many pool stocks were bearing the brunt of the public buying, and that the pools lost considerable stock as a result of this. With most of the solid motor companies showing production schedules at this time about twice as heavy as for the same last years, stock buyers have tangible evidence on. every street corner and thronghfare of the comeback of the motor industry. Pittsburgh A West Virginia replaced Rock Island to some extent in the trading demand, buying of this issue being based mainly upon the general expectation that current earnings Justify higher market levels. At the same lime the nation-wide signs of a real business revival are taken as bullish on all the rails on the very natural theory tha timproved business means a heavier demand upon the freight facilities of the country and • consequent Increase in earnings. Ctah Copper, American Smelting, Ana-,

eonda Copper, Cerro de Pasco. Chile and other coppers were rather quiet during the day. The coppers as a group were frequently higher today for the session, and there appears to be a great improvement in sentiment as a result of close study of statistics covering the preseut copper position. Railroad earnings during February are even better than had been estimated,'and. according to authentic information in the street, total earnings of all, excepting two of the Class One railroads during February will amount to more than $47,000.000, whereas original estimates figured about $46,000,000 for all of the class 1 roads. Another back log for the rail movement is found in the car loading figures, which show loadings on revenue freight for the week ending March 25 of 846.033 cars, as compared with 823.369 cars for the preceding week, and an increase of 159,468 cars over the same week last year.— Copyright, 1922, by Public Ledger Company. N. Y. Stock E whangs (By Thomson & M< Kinnon.) —April il— Prev. High. 1,0 i. Close. Close. Adv.-Rum. com. 17% 17 - 17% 16% Ajax Rubber... 10®i 16 ltPJ* 16''% Allied Chew 68'';* 07% 67% 67',4 Allis-Chalm 49‘s 4S'' s -48% Aiu. Beet Sug.. 414% 41 41(4 41 Am. Bosch Mag. 49 45% 48% 45% Am. Can 30*4 48 l'J% 484.% Am. Car A Fy.160 155% 160 1554% Am. Ice 108 1074 a 107’% 107% Am. 11. AL. pf. 70% 69’.% 70% GU 4 Am. Int. Corp.. 46% 46 46 40% Am. Loco 112Uj 111% 112 111% Am. Steel Fdy.. 39 38 ;i % 38% 3844 Am. Sill. A lttg. all’s 38 53 57(4 Am. Sugar Ref. 72% 71 1 -j "2% 72 Am. Sum. Tob.. 33-% >1:* 4 33-, 324% Aw. Tel. A T..120~s 130 1 j 130% 120% Am. Tob 139% 138‘s 138% 138> s Am. Woolen ... 89% 88% 88% 89 Anaconda 53% 52% 33 52% Atchison 984s 98% 98% 90% All. Coast Line. 98 .97% 97% 97% Atl. t.ulf A W.l. 33% 33 33 33% Austin Nichols. 26% 2544 25 % 25% Baldwin L0c0...117% 115% 115% 1164, H. A 0 47 46% 46% 40% Beth. Steel (Hi. 8”% 79% 79% 80% Brk. Rap. Tran. 23% 21% 21% 23% Cali. Pete 50% 7>4% 354s 54 Can. l’ae. Ilv.. ..141% 140% 140% 111% Cent. Leather .. 40 39 % 39% 38% Chandler Motor 78% 77 78 77% C. A 0 05% 64% 64% 65% C.M. A St.l’.com 24 4 24% 24% 24% CM. A St.l’.pfd. 41% 40% 41 41% Chi. AX. \V.... 73% 734, 73% 74 C.. R. 1. A 1*... 46 44% 46 45% C.8.1.A P.tJVpld.. 81 81 81 81 C.U.IA P. 7% pfd . 95 95 95 94% Chili Copper.... 18% Is 18% 17% Comp a Tab.... 74% 70% 74% 71 Chino Copper.... 28% 28 28% 28 Colon), Gas 85% 84% 84% 84% 'o<a Coal 48% 48% 48% 49 Col. F. A 1 ... 33% 32% 33 32% Con. Gas ll’ty* 709% 109% 109% Con. Can 67 61% 66% 61 Corn Prods. ...10444 102% lolly, 103% Crucible Steel... 654, tit 61 64% Euli. A. Sugar.. 22% 22% 22% 22% Cub. C. Sugar... 15% 15% 15% 15% Del. A Hudson..l2l% 121 121% 121% Del. A Lack 115% 115% 115% 114% Dome Mines.... 25 25 25 25 Erie 13% 13% 13% 13's Erie Ist pfd 22% 21% • 21% 22% Endicott A J.. 84% 83% 83% 81% Earn, l’lays ... 84 r 82% 82% N'i% Fisk Rub. C 0... 16% 16% 16% 16% lion. Asphalt.... 66% 64% 05% 01% Gen. Cigars 74 72 % 73% 72% Gen. Electric ..102 162 102 161’, Gen. Motors .... 13 12% 13 12% Goodrich 39% 39% 39% 39% Gt. North, pfd. 75 74% 74% 74% Gt. North. Ore 44% 42% 44% 42% Gulf S. Steel 85’ . 82% 83% 83% llu|.p 17% 17% 174, 17% Houston <*il 80% 79% 79% 79% Illinois Central 107% 107 107% 107 ludianahomu .. 3% 3% 3% Inspiration Cop. 42 40% 41% 40 Inter. Harvester 96 96 90 95% Inter. Nickel 17% 17 17% 16% Inter. Paper 48 47% 48 47 Invincible Oil.. 19 18%, is% is% Kan. C. South. 27% 27% 27% 28 Kelly-Sp. Tire.. 47% 40% 40% 47% Ken. Copper.... 31% 30% 30% 30% Lacka. Steel.... 55 54 % 55 55 Lee T. and Rub. 32% 32% 32% 32% Lima Loco 112% 111 % 112% 111',., Lehigh Valley. 64% 121% 121% <23 L. A X 116'.. 116i, H 6% 116% Loews, inc 15% 75% 15% 15% Martin-Perry .. 29% 28% 28% 28 % Marine com 19% 18% IS-% 18 , Marine pfd.... 79% 78% 78% 79% May St..res 120 116% 119% 117 Maryland oil.. 28 28-% 28 Mexican Pete.. 134% 330% 133 131% Miami Copper.. 29% 19% 29% 29V, Mill. States Oil 14% 14 14% 14 Midvale Steel.. 36% 35% 35% 36 Mo.-l’ae. Ky... 24% 24% 24% 25 Mo.-Pae. Ry pf. 58% 58 58% 58% Montgy.-Ward.. 19% 19% 19% 19% National Lead..9l% 91% 92% 91% Nev. Con. Cop. 15% 15% 15% 15% X. V. Air Brake 71 71 71 70% X. Y. Central... 88% 88 88% 88% New Haven 20% 20% 20% 20 , Norfolk A \V...105% 105 105 105% Northern Pac... 77% 77% 77% 77% Ok. I*. A* Its. Cos. 2% 2% 2% 2'% Owen T com. 32% 32 32 Pacific 1 57% 54 5V% 53% Pan-Ain. Petrol. 65% 62'., 61% t>2% Penna. Ity 42% 42% 42% 43 People's Gas... 85 84 81’., 84 I’ere Marquette. 30% 29% 29% 30 Pierce Arrow... 20'* 20% 20% 20% Pie.ce 0.1 C 0... 9% 9 9 9% Pull. Pal. Car.. 123% 123 12 1% 124 Pure 00l 33% *31% 33% 33 Uy. Steel Spgs.. 99% 99% 99% 99% Reading 79% 78% 78% 78% Rep. Iron A Stl. 58% 56% 57% 56,% lteplogle Steel.. 34% 34 34% 34 Ry. D. of X. Y.. 15 61 64% 62% Sears Roebuck.. 75% 74% 75% 75% Sinclair 26 25% 25% 25% Superior Steel.. 38 38 38 38 S. S. S. A I. . 46% 46 46 46% South. Pacific.. 99% 89% 89% 9’% South, ltv 24% 23% 23% 24 % St. 1.. A.S W It 30% 29% 30% 30(a Stand, oil of C.. 97 % 96 97'% 90 S. O. of N. J... 176% 174*4 175 174’', St. L. ASF com 30% 30 3 *l4 30% Stewart A W. . 41% 39% 40% 39% Strom. Carb ... 55% 53% 58 53 Studebaker ....121 117% 120% 118% Texas G. A S. 43% 41% 4.3 40% Texas Coal AO. 25 ; % 27% 27% 28 Texas Cos 45% 44% 45% 41% Texas A Pacific 35% 34% 34% 34% Tob. Products.. 63% C3% 63% 63% 3’rans. Oil 9% 9% 9% 9% Union oil 19 18% 18% 18% Union I’aclfi-...137% 137 137 137 % Cnited Drug.... 70% 69% 69% 71 Cnited 1ruit...144 143% 143% 144% C. S. Rot. Store 48% 47% 48% 47% I'. S. C. Iron P. 37% 36 36% 37 C. S. In. Alcohol 46% 46% 46% 47 C. S. Rubber... 63% 62% 63% 64 C. S. Steel 99% 98’.. 98% 98% C. S. Steel pfd. 117% 117% 117% 117% Ctah Copper.... 66% 65% 66 05% Van. Steel 44*4 43(4 43 % 41% Walt. Ist pfd.... 31%. 31 31% .31% Worth. Pump.. 53% 53% 53% 53% Wilson A C 0... 41% 41% 41% ... West. Union 95% 98% 98% 98% Westghs. Elec.. 63*. 62 % 62% 0.3’,4 White Motors.. 44% 43 43% 42% Willys-Overlnd 8% B'% .8% 8% Wool worth ....162% 161 102% 161% NEW YORK LIBERTY BONDS. —April 11— Prev. High. Low. Close, close. Libertv S'-'-S 99 48 99.24 99.32 99.24 Liberty 2nd 4s 99 211 99.10 Liberty Ist 4%s 99.58 99.46 99.52 99.40 Liberty 2nd t%s 99.38 99.28 99.28 99.3(1 Liberty 3rd 4%s 99.50 99.50 99.56 99.52 Liberty 4th 4%s 99.66 99.52 99.52 99.50 Victory 3%s 100.02 100.02 Victory 4%s 100.86 100.90 CHICAGO STOCKS. (By Thomson A McKinnon.) —April 11— Open. High. Low. Close. Armour Co.pfd. 00% 96% 90% 90% Arm. Leather... 12% Ar. Leather pfd. 84% Case Plow 4 Cudahv 67 Com. Edison ..132% 132% 132 132 Cont. Motors.. 8 8 7% 8 l>eer A Co.pfd. 71 Eurl Motors 4 4% 3% 4 Libby -McNeill... 2% 32% 2% Mont A Ward. 20% 20% 19% 19% N'at. Leather 2% Nat. Leith.new. 10 10% IO 10% Pick ACo 27% 27% 27% 27% Piggly Wiggly A % 41% 39% 43% Quaker Oats.... 95% Reo Motor 24% 25% 24% 25 Stew Warner... 39% 41 .39% 40% Swift A <’o 103 103 102% 102',4 Swift Inti. ... 19 20% 19% 20 Thonipso'itJ It) 47 • 47',a 47% 47% Temtor Corn A 2% C.Car. A Carbo. .'at 58 57% 58 Wahl I 67 67'3 67 67'4 Wrigley 1163% 104 103% 103% Yellow Taxi,..■lß(4 78% 78% 78%

STOCK MARKET CLOSEIRREGULAR Castiron Pipe Makes Gain of Seven Points. NEW YORK, April 11—The stock market closed irregular today. Cnited States Steel yielded from 99% to 95% and Baldwin Locomotive fell 1 point to 115%. Studebaker continued in demand, touching 121. Stromberg Corporation made 4 gain of nearly 6 points to 58%. American Car A Foundry rose 4 points to 160, and Castiron Pipe moved up nearly 7 points to 35%. Rock Island moved up over 1 point to 46. while recessions occurred in the other railroad shares. Government bonds were unchanged, and railway and other bonds, Irregular. Total sales of stocks for the day were 1,468 shares. (By Thomson A McKinnon) —April 11— During the early trading today the market was very irregular. There was liberal profit taking in the industrial list and at the same time, new buying appeared in the rails and the coppers. The general volume was not up to previous records, but before we had entered the second hour of the session it became evident that the public demand for stocks was far from being satisfied. Anew wave of buying orders appeared and early sellers among the professionals were quick to turn about and recover the stocks whrth they had sold and this was of material aid in stimulating the entire list. Toward midday Studebaker again assumed leadership and quickly moved forward to anew high price. This was followed by renewed activity in other motors and then traders turned their attention to the oil group and these, under the leadership of Mexican Petroleum, moved forward with ease. The steel shares were active during the greater part of tlie session, the public taking kindly to this group because of the showing made in the bookings of the Cnited States Steel Corporation, which was regarded ns convincing proof of the general betterment in the industry. Locally, there has been a growing sentiment that a substantial reaction is duo and technically this is warranted, but will probably be postponed until such time as the public demand for stocks has been satisfied. TWENTY STOCK AVERAGE. NEW YORK, April 11.—Twenty industrial stocks Monday averaged 91 11, up .48 per cent. Twenty active rails averaged 84.01, up .10 per cent. CLEARING IIOCSE STATEMENT. NEW YORK, April 11.— Exchanges. $834,700,000; balances, $60.800.009; Federal Reserve Bank credit balances, $47,300,000. Monoy and Exchange Indianapolis bank clearings Tuesday were $3,347,000; bank debits, $5,343,000. NEW YORK, April" 11—The foreign exchange market opened weak today, with demand Sterling %c lower at $4,41%. Francs yielded 3 centimes to 9.22 c for cables and to 9.2l'jc for checks. I.ircs were 5 points lower lo 5 38c for cables and to 5.37‘/'e for checks. Belgian francs were off 4% centimes to 5.530 for cables ami to 8.52%.c for checks. Marks were % of a point higher to .nn.",5%0. Guilder cables were 7.77 c; checks. 37.53 c; Sweden kronen cables were 26.18 c; checks, 26.13 c. NEW YORK ( Al l, MONEY. NEW YORK. April 11.—Money-Call money ruled 4% per cent; high 4% per • cut; lo 4 per cent. Time rates quiet, all 4%® 4% per cent. Prime mercantile paper, quiet. Sterling Exchange was quiet, with business in bankers’ bills at $4.10% for demand. MOTOR SECURITIES. (By Thomson A McKinnon.) —April 11— —ClosingBid. Ask. Earl Motors 3% 4 Packard com 9 9% Packard pfd 75 77 Peerless 35 37 Continental Motors com 7% 8 Continental Motors pfd 90 91 Ilupp com 17% 17% llupp pfd 95 lirj% Reo Motor car 21% 25 Elgin Motors 2% 3 Grant Motors 1 1 % Ford of Canada 340 350 \ National Motors 1 % 2%. I’aige Motors 21 23 Republic Truck 7% 7%

ACTIVE OIL STOCKS. (By Thomson A McKinnon) —April 11— —Opening— Bid. Ask. Anglo-American Oil 18% 18>_. Atlantic I,olios 8% 9% Borne Schyinsc-r 350 375 Buckeye Pipe Lin" 95 97 CheSebroilgh Ffg Cons 190 195 Continental Oil. Colorado 132 154 4'osden Oil and tins.... 5 9 Crescent Pipe Line 33 34 Cumberland Pipe Line llfl 150 Elk Basin Pete 6% fi-% Eureka Pipe Line 95 98 Galena-Signal Oil. pfd Him 114 Galena Signal Oil. com., 48% 50 Illinois l'ipe Line 178 182 Indiana Pipe Line 102 105 Merritt Oil V.... 1"% 11 Midwest Oil 2% 3 Midwest Itfg 170 ISO National Transit 29 29% New York Transit 170 175 Northern Pipe Line 105 ins Ohio Oil 178 182 Oklahoma P. & K 5% 6 I’enn.-Mex 26 20 Prairie 011 and tins 560 (570 Prairie Pipe Line 228 233 S.ipiilp.a Rcfg 2% 3 Solar Refining 340 350 Southern Pipe Line 98 100 South Penn. Oil 178 183 Southwest Penn. Pipe Lines 50 53 Standard Oil Cos. of Ind 8* 88% Standard Oil Cos. of Kai1....530 550 Standard Oil Cos. of Ky 475 495 Standard Oil Cos. of Neb 149 175 Standard Oil Cos. of N. J 370 374 Standard Oil Cos. of 0hi0....400 415 Swan Ac Finch 25 35 Vacuum Oil 365 375 Washington Oil 21 29 NEW YORK CURB MARKET. (By Thomson & McKinnon ) —April 11— —Closing— Bid. Ask. Acme Packing 55 60 Curtis Aero com 4% 6 Curtis Aero pfd 24% 27 Goldfield Con 6 8 Jumbo Extension 3 5 International Petroleum .... 15*4 15% Nipissing 5% 6% Standard Motors 5% Salt Creek 14% 14% Tonopali Extension I'% 1% Tonopah Mining 1% V/ H United P. S. new 6 (>’-. U. S. Light and Heat 1% 1% U. S. Light and Heat pfd... 1% 1% Wright-M.artin 2 5 Yukon Gold Mine Cos 1 1 % Jerome 3% 3% New Cornelia 17 18 United Verde 27 28 Sequoyah 3 12 Omar Oil 1% 1% Rep. Tire 65 75 Boston & Mont 22 23 Kirby Oil 23 23'% NEW YORK SUGARS. NEW YORK April 11.—Raw sugars were weak in trade on the market here today, t übas were quoted at 3.86 e per pound, duty paid, and Porto Ricos at 3.98®4c per pound, duty free, delivered. Refined sugars were rather dull, fine granulated selling at 5.25®5.30c and No. 1 soft at 5.20®‘5.3Uc per pound. / NEW YORK COFFEE. NEW-YORK, April 71. —Coffee values were steady in trade on the market here today, opening options being unchanged to 4 points higher. F.io No. 7 on spot sold at 10%@10%c per pound. NEW YORK RICE. NEW YORK, April 11.—Rice values were steady in trade on the exchange here today, domestic rice selling at 3',*®' 7%c per pound. NEW YORK TURPENTINE. NEW YORK, Ajiril 11. —Turpentine sold at 87c per gkilon on the market today.

INDIANA DAILY TIMES.

Weather The following table shows the state of the weather at 7 a. m. April 11, as observed by U. 8. Weather Bureaus: Station Bar. Temp. Weather Indianapolis, Ind... 29.22 55 Cloudy Atlanta, Ga 29.80 54 Rain Amarillo, Tex 29.94 34 Clear Bismarck. N. D. .. 30.00 2S Clear Boston, Mass 29.66 64 Cloudy Chicago, 111 29.10 54 Cloudy Cincinnati, 0 29.34 54 Clear Cleveland. 0 29.28 62 Rain Denver, Colo 29.80 32 Clear Dodge City, Kan... 29.94 28 Clear Helena, Mont 29.66 28 Snow Jacksonville, Fla... 29.94 72 Cloudy Kansas Citv, M 0... 29.52 40 Cloudy Louisville, Ky 29.34 54 Cloudy Little Rook, Ark... 29.72 50 Clear Los Angeles. Cal. .. 30.04 46 Clear Mobile. Ala 29.88 58 PtCldy New Orleans, La.. 29.94 6S Clear New York. N. Y.... 29.60 68 Cloudy Norfolk, Va 29.72 70 Cloudy Oklahoma City 29.90 40 Clear Omaha, Neb 29.54 38 PtCldy Philadelphia. Pa. .. 29.58 72 Cloudy Pittsburgh, Pa. ... 29.30 72 Rain Portland. Ore 30.10 38 Cloudy Rapid City, S. D... 29.94 26 .Cloudy Roseburg, Ore 30.18 36 Cloudy San Antonio, Tex... 30.02 54 Clear San Francisco, C’al. 30.14 44 Clear St. Louis. Mo 29.28 46 Cloudy St. Paul, Minn 29.44) 32 Snow Tanina, Fla 30.02 72 PtCldy Washington. D. C.. 29.56 72 Cloudy WEATHER CONDITIONS. The storm which was centered over Kansas Monday morning lias moved northeastward to the I-nkes region, and It tins caused lilgli winds and heavy rains in many localities in lowa, Illinois, southern Wisconsin, southern Miehlgun, and Indiana, with lighter fulls In adjoining sections. Considerably colder weather lias overspread the central valleys to the westward and southward of the storm center. —Whit* River Conditions. — At 7 a. n. today stages In White River were as follows: Anderson, 11.5. rising; Noblest llle, 13.0. rising; Indianapolis, 14.3, rising; EUlston. 34.8. rising; Shoals, missing; Decker, 15.3, rising. Heavy rains since Momlay morning will cause further rises In the middle and upper West Fork. Stages indicated: Anderson and Noblesvllle, t to i feet oyer floor stage; Indianapolis about 17 feet; Elllston, 36 to 37 feet. In the main stream the rate of fall will be cheeked and a slight additional rise may occur. CORN AND WHEAT BULLETIN. For the twenty-four hours ending at 7 a. m., Tuesday, April 11, 1922: Temper-1 1 ature. ' a * = r. 'S Stations of g| *; r: , s£ i Indianapolis „c= j ■= 25 ~ ! _ o District. ?■£ Ess! ?£: ll' c 1 4>j| c' - 8 o•& 5. § Ss* •South Bead .... so 54 175 silpp< y Angola I 78 j 54 j 1.55 j Muddy Ft.-Wayne I 78 I 56 I 1.12 I Wheatfielil | 62 1 53 | 1 97 | Muddy Royal Center ... 76 : 54 | 0.74 Good Marion 1 79 j 531 *'.67 j Good Lafayette j 75 ! 41* | 6.98 1 Muddy Farmland ' 79 j 53 | 1.51 I Muddy Indianapolis ....j 77 | 54 | 12.7 ‘Good Cambridge City 78 i52 | 1.00 ' Fair Terre Haute . ...| 76 I 50 j 1.56 1 Itlomington j 76 | 57 | 1.70 i Muddy Columbus i 79 j 52 j 074 Muddy Vincennes i 78 ! 58 | 0.66 ; Soft Paoll I 79 I 53 I 0.47 Good Evansville | 80 i 54 I 0.26 i J~"II. ARMlN'gton; Meteorologist. Weather Bureau.

In the Cotton Market NEW YORK, April 11.—Another wet spell in the belt caused 11 firmer opening to the cotton market today, with prices tip 4 to 9 points. Early features included support from New Orleans. Wall Street ami Liverpool and selling orders from southern wire houses and spot concerns. Later, prices eased about 7 points from initial levels. New York opening cotton prices: Mav, 17.79 e; July. 17.40 c; October. 17.2. V; December, 17.21 c; January, 17.15 c; March. 17.07 c. The margef was steady in the late dealing, klosiug at a net gain of 7 points to a net decline of tt points. —Cotton 1 autre s Open. High. Low. Close. January 17.15 17.15 17.1X5 17.06 March 1707 17.10 17.02 17.02 Mav 17 79 17 79 17.6s 17.73 July 17 46 17.41 17.28 17.31 October 17.25 17.26 17.16 17.16 December 17.21 17.21 17.14 17.10 - Cotton Review— NEW YORK, April 11.—There was n moderate advance in cotton values this morning in response to better < allies and reports of fuitlier rains in the belt, as well as a bullish estimate on March mill consumption, but there was very little public interest displayed. Tlie volume of business was small and mostly local. There is a disposition on the part of the local element to sell the market in anticipation of more favorable weather in (lie cotton licit, and this is not unusual. There is nothing in the existing situation that would warrant an.v important decline, but a reasonable recession will not doubt follow more favorable crop ideas. LIVERPOOL, April 11.—Cotton was In moderate demand during initial trading today. Prices were easier and sales around lO.inh) bales. American middlings fair. 11.76:1: good middlings, 111.76(1; fully middlings. 16.4*91; middlings, 10.31/1: low. 9.31 and; good ordinary, 8.76(1; ordinary, 8.20d. Futures were steady. - Local Cu'h Market (By Newton Todd.) —April 11— Bid Ask Am. Hominy Cos 10 16 Central and Coast Oil % Choate Oil Corp % % Citizens Gas Cos. pfd 90 96 Cominonweilth Fin. com 26 36 Commonwealth Fin. pfd.... 36 46 Columbian Fire Ins. Cos. .... 6 7% Comet Auto % 2 Dayton Rubber Units 44 54 Dictograph Prod, pfd 26 - 36 I). W. Griffith 3% 7% Elgin Motor Car 2 3% Fed. Fin. Cos. pfd 77 87 Fed. Fin. Cos. com 124 132 Gt. Sou. I’ron. & Ref. 5% i Metro, 5- 10c Stores com 3 7 Metro. 5-10 e Stores pfd 19 27 Nat. Underwriting 2% 6 Revere Motors % % Rauch A- Lang Units 20 32 Rub. Tex. Units 10% 15% U. S. Auto Unites 37 47 U. S. Mtg. Cos. Units 137 151 BANK STOCKS. Commercial Nat. Bank 74 83 Cont. Nat. Bank 103 116 Ind. Trust Cos. 175 lud. Nat. Bank 255 265 Mer. Nat. Bank 282 Security Trust Cos 13' Stare Sav. A Trust ! 98 Union Trust Cos 3( Wash. Bank & Trust Cos. .. 150 C LKYi:LAN'I> PRODUCE. CLEVELAND. April 11.—Butter—Extra in tubs, 46%(041e; prints, 41%@42c; extra firsts. 39%®40c; packing stock. 17® 19c. Eggs—Fresh gathered, nothern extras, 28c: extra firsts, 27c: Ohlos, 25c; Western firsts, new cases, 24c. Poultry —Live, heavy fowls, 30®31e; <pring culls, 2PS'26c; ducks, 32®34c NEW YORK METAL MARKET. NEW YORK, April 11.—Copper—Quiet; all positions, 12%®12%c. Lead —Firm; ail positions, 4.95® 5.100. Spelter—Firm; April, 4.85® 4.95 c; May, 4.87%©4.97%c; June, 4.90®5c. NEW YORK HIDES. NEW YORK, April 11.—Hides were firm on the market here today, native steer hides being quoted at 12%® 13c and branded steer hides at ll’%®i2c per pound. NEW YORK PETROLEUM, NEW YORK. April 11.—Petroleum prices were steady on thp market today, Pennsylvania crude petorleum selling at $3.25 per barrel. NEW YORK WOOL. NEW YORK, April 11.—Wool was rather quiet, in trade on the market here today. Price* were easier.

SWINE PRICES RULE STEADY Steers Fully 25 Cents Lower— Veals Sharply Down. RANGE OF HOG PRICES. Good Good Good April Mixed. Heavy. Light. 3. $10.25® 10.40 [email protected] $10.50@ 10.60 4. [email protected] [email protected] [email protected] 5. [email protected] [email protected] [email protected] 6. 10.40 @ 10.60 [email protected] [email protected] 7. [email protected] [email protected] [email protected] 8. [email protected] [email protected] [email protected] 10. [email protected] [email protected] [email protected] 11. [email protected] [email protected] [email protected] With receipts close to 6.000 and both pa/kers and shippers displaying fair demands, swine prices were steady generally in trade on the local livestock market today. There was again a top of sll on light swine and the bulk of the sales ranged at slo.Bo@ll. There were many more sales of light swine at sll than there were on the market of the previous day. Cattle prices were slow steady to 25 cent3 lower on steers, with receipts for (he day close to 1,000 and the demand none too good. There was a fair demand only for all grades of cows, the better grades selling at around steady prices and the other grades weak. Packers displayed but little demand for all grades of steers and would not buy unless they could do so at prices that were fully 25 cents lower than those of the market of the day before. Heifers were in fair demand at values that were steady to weak. Bulls were about steady. With receipts for the day rather large and the shipping demand extremely slow, due to lack of orders from Eastern city concerns, veal prices were sharply lower, in fact, so much lower that no one could tell the extent of the drop. There were close to 1.000 calves on the market and but few of that number had been sold at a very late hour in the forenoon. There were a few sales of choice veals early at $9, but later demand entirely disappeared seejningly and prices dropped even lower. Choice veals sold at $8 before the close of the market. With 200 sheep and lambs on the market. prices were steady. Wool brought sl2® 15 and springers. $13(020. HOGS. 100 to ISO ibs. average $10.85(011.00 Over 300 lbs 10.25® 10.33 150 to 300 lbs 10.50®, 11.00 Best pigs, under 119 lbs 9.75/01100 Top 11.00 Roughs B.oo® 9.25 Stags 5.25®? 7.25 Bulk of sales v 10.80®11.(K) —Cattle— Prime corn fed steers, 1.000 to 1,800 Bis 7.00® 8.00 Good to choice steers, 1,200 to 1,300 Ibs 6.25® 7.00 Good lo choice steers, 1,100 to 1,200 Ibs.. 6.00® 6.25 Good to choice steers, 1,000 to l.ioo lbs 5.25® 5.75 Common to medium steers, 800 to 1,800 lbs 5.00® 5.25 —Cows anil Heifers— Good to choice heifers * 7.50® 800 Medium heifers 6.50® 725 Common to medium heifers.. 5.25® 6.25 Good to choice cows 5.30® 6.50 Fair to medium cows 54.50® 4.50 ('aimers 3.00/0 4.n0 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 3 00® 3.50 Light to common bulls 2,.5@ 3.50 —Calves— Choice veals B.oo® 8.50 Good veals 7 50® 8.00 Medium veals 5.00® 6.00 Lightweight veals 4.006 5.00 Common to heavyweight veals 3.00® 4.00 —Mockers anil Feeders— Good to choice steers under 8o lbs 6.00® 7 25 Medium cows 2.50® 4.00 Good cows 3.75® 4.75 Good heifers 5 50® 7,00 Medium to good heifers 4.25® 5.00 Milkers 35.00®85.00 —Shorp and latniba Cull ewes 6.00® 7.25 Good to choice ewes 5.50® 8.00 Bu.ks 2.50® 3.50 Clipncd iumlis 8 50® 10.50 Wool lambs 12.0u® 15.00 Springers 1.1.0*)® 20.00 Buck lambs 6.00® 7.00 Cull* <4.00® 5.00

Other Livestock CHICAGO, April 11.—Hogs—Receipts, 19,000; market, fairly active and ft to 15 cents lower; lights off most; bulk of sales. slo.lo® 10 95 ; t.ip, $10.95; heavies, slo.lo® 10.05 ; mediums, $ 10.60f?710.85 ; lights. $10.70® 10.90; light lights, $10.20® 10.85 jheavy packing sows, smooth, $9.05® 10.10; packing sows, rough. $9.4(>®9.75; pigs. $9.50® 10.50. Cattle—Receipts, 10.oiHi; market, slow and steady generally. Beef steers Choice and prime. sS.tiO®9.2s; medium and good, $7.2.j®5.00; good mid choice, $7.90(09.15; common i.nd medium. $0.50(1/7‘.HP. Butcher cattle Heifers. $5 25 (i/8; cows. $4.35®7; bulls, $4.10(//ii.25. Cnnners and cutters Cows and heifers, $3 25/1/4.35; calmer steers. $4.25/1/5.25; veal calves, light and handy weight, $6®S; feeder steers, $5. )o®7-35; Stocker steers. $5.25® 7.25; Stocker cows and heifers, s4(l/5.50. Sheep and lambs—Receipts, 8,000; market, mostiv steady; good to choice lambs, $11.25® 14.50; cull and common iambs. $9.50/1/11.75; yearling wethers. $10.50® 13.50: good ewes, $6.75; cult anil common ewes, $3®0.50. CLEVELAND, April 11— Hogs— Receipts, 2.000; market, steady: vorkers and mixed. $11; mediums, $11®11.10; pigs. $10.75: roughs. $8.50; stags, $5.50. Cattle—Receipts. 100; market. stow. Sheet and lambs—Receipts. 700: market, steady; top, Sit. Calves—Receipts, 200; market. $! lower; top, $lO. CINCINNATI. April 11—Hogs—Receipts. 3.500; market slow, steady: all grilles good swine, $10.85; pigs. $10.25; roughs. $8.50; stags. $5.50. Cattle—Receipts, 300: market steady: bulls, steady; calves, $8.50®9. Sheep ami lambs—Receipts. 4<>o; market weak; good ewes. $7: clipped ewes. $5; wool lambs. sls@ 16; clipped lambs, sl4 springers, $lB. EAST BUFFALO, pril 11. Hogs—Receipts, 5.000; market, slow; yorkers, $11.10®U1.25; pigs. $10.75® 11; mixed, $11.10; heavies, $10.75®!11.10; roughs, $8.75@9: stags, $5(0.5.50. Cattle —Ueceipis. 150; market, slow steady. Calves Receipts, 1,7*4); market, slow; cull to choice, $3(00. Sheep and lambs —Receipts, 1.100: market, slow; choice lambs. $11.75®! 16.50; cull to fair lambs, s6® 14.50; yearlings, $8®12.50; sheep, s3® 10. EAST ST. LOUIS. April 11.—Hogs— Receipts, 12.000; market. 10c lower; pigs, 25 cents lower; mixed and butchers, $10.65® 10.85; good heavies, $10.55® 10.,SO; roughs. s9® 9.15; lights. $10.50® 10.80; pigs, $9.50® 10.50; bulk of sales, $10.70® 10.80. Cattle—Receipts, 5.500: market, steady; native beef steers, $8(09.25; yearling steers and heifers, $S®9: cows. s4® 6; stockers and feeders, $5®7.35; calves. $3.50®.8.75; dinners and cutters, $2.50(03.75. Sheep and lambs—Receipts, 1.500; market, steady; mutton ewes, $S ®9; good to choice lambs, $15.50®16; can tiers and choppers, s2@3. PITTSBURGH, April 11.—Hogs—Receipts, 1.000: market, steady; prime heavies, $lO 90: mediums, $11.25; heavy Yorkers, $11.25; light Yorkers. $11.25; pigs. $11.25; roughs, $7.50®5.50; stags, $5(05.25. Cattle—Receipts, 100; market, steady : choice. $8.50® ,5.75: prime, sß® 825 good, $7.50®7.75; tidy butchers, $7(0:7.50: fair. $0.25®7: common. ss®6; common to good fat bulls, s"®,6; common to good fat cows. $2.50® 5.50; heifers, ss®7; fresh cows mid springers, $33®75; veal calves, $10.50; heavy and thin calves. s4®B. Sheep and lambs—Receipts. 500; market, steady; prime wethers, $5.75®9; good mixed, $8(08.25; fair mixed. $6.75®7.25; culls and commons, s2®4; choice lambs, sl4 25. CHICAGO PRODUCE. CHICAGO, April 11. Butcr— Receipts, 12,413 tubs; creamery extras, 35c; standards, 34%c; firsts. 31%@34c; packing slock, 10@lSc. Eggs—Receipts, 39,118 cases; current receipts. 22%@22c: ordinary firsts, 2t%@22c; firsts. 23%e; check- 2(H0!20%c; dirties, 20%@20%c. ("bees ’’’wins (new), 17@17%e; Daisies, 16@10%e, Young Americas, 18%@19c; longhorns, 17®18c; bricks 14®14%c. Live poultry—Turkeys, 30c; chickens, 25c; springs. 30c; roosters, 19c; geese, 18c; ducks, 30c.

GRAIN FUTURES REGISTER LOSSES Corn and Oats Show Strength —Provisions Irregular. CHICAGO, April 11.—Wheat prices closed lower on the Chicago Board of Trade today, due to liberal offerings for which there was but slight demand. Commission houses were on both sides of the market. Weather over the wheat belt was unsettled. Other grains were generally higher. Provision!! were irregular. May wheat opened at $1.33%, off %o, and was off l%c at the close. July wheat declined %o at the opening at $1.21 and later declined %c. September wheat opened off %c at $1.15 and closed %c Mower. May corn opened at 59%c, unchanged, and was up %c at the close. July corn opened at 63%e, unchanged, and advanced ',<|C in later dealings. September corn opened %c higher at 65% and closed off %e. May oats opened at 37%c, up %e, and closed %c higher. July cats opened at 40%c, up %c, and closed up %e. September oats opened unchanged at 42c and closed unchanged. (By Thomson A McKinnon.) —April 11.— Wheat—Refusal of Liverpool to follow our advance in wheat was offset early by freezing temperatures and rough weather but the later market was more Influenced by the discouraging export and domestic Hour trade news. Crippled wire service has made the outside interest vety light, however, it has been noticeable that general interest in the situation is not in evidence in the market. St. Louis and Omaha speak of a better milling demand for cash wheat, but the principal northwestern market says the flour business is the poorest of the year, further than this, some smaller mills in the West were offering wheat for sale in this market. Accumulations in Kansas City are decreasing very slowly and it seems possible that a portion of that wheat may come to Chicago as the most attractive outlet. Western Kansas again sends gloomy reports but the heavy snow and rainfall inclines the trade to ignore these reports. There are many in the trade who stlii believe that the continent will absorb the remaining surplus of North America, prior to the time that new wheat is available, under this belief and because of the uncertainty of anew crop, the market has an undercurrent of steadiness but the immediate demand for cash wheat, either export or milling, is so slow that prices are not likely to advance permanently. Corn and oats—The distinctly unfavorable weather for spring ploughing, planting and seeding makes corn and oats more than usually sympathetic with an.v strength in wheat. This condition is helped also by the extremely light movement from first hands, country roads being impassable. On the other band, shippers say it is impossible to interest the eastern buyers at anything like replacement prices. Cash markets are relatively firm under a local demand and because of light receipts. There is increasing talk o fa reduced acreage in oats, but in some sections an expression of belief that the area will be planted to corn. Provisions—T h e provision market awaits developments from s'neh a nature as to revive general interest. There is an undercurrent of friendliness based on the small stocks in warehouse* and the belief that Europe will be a better buyer, this is held in check by expectation of realizing in the May contracts as delivery day approaches. CHICAGO GRAIN TABLE. —April 11— WHEAT— Open. High. Low. Close. May.... 1.33% 1.33% 1.31 1.31%/ July 1.21 1.21% 1.19% 120% Sept 1.15 1.15% 1.14% 1.14% CORN May 59% .00% .59% .59% July 03% .63% .63 .63% Sept 65% J’6V* .65% .05% o.vi s May 373 .38 .37% .38 July 9*% .40% .40% .40% Sept 42 .42% .41% .42 PORK •May 21.00 LARI)— May 10 97 11.00 10.90 10.90 July..., 11.27 11.27 11.17 11.17 Sept 11.52 11.52 11 42 11.42 RIBS - •May 10.40 •Julv 10.65 • Sept 10.80 RYE - May... 1-03% 1.03% 1.02 1.02% July.... .94% .94% .93 .90% ♦Nominal. CHICAGO CASH GRAIN. CHICAGO, April 11. —Wheat—No. 4 red. $!.25%; No. 3 hard winter, $1.28; No. 3 northern spring, dark, sl.lO. CornNo. 2 mixed, 57*je; No. 2 yellow, 59® 59%e; No. 3 mixed, 57%®55%c; No. 3 yellow, 57%®57%C; No. 4 mixed, 56%®' sti%c; No. 1 yellow, 56%c. Oats—No. 2 white. 39%® 40c; No. 3 white, 36®3Se ; No. 4 white, 35%®36%e.

TOLEDO SEED AND GRAIN. TOLEDO, April 11—Cloversecd—Cash, $14.00; April, $14.25; October, $12.00. Alsyke—Cash, $11.50. Timothy—Cash, $2.85; May, $3.00: September, $3.3>; October, $3.25. Wheat -Cash, $1.40® I 42: May, $1.39%; July, $t.23%. Corn— Cash, 63®64c. <>ats —Cash, 43%c. Rye —Cash, SI.OO. Barley—Cash, 67c. ■*- PRIMARY MARKETS. (By Thomson & McKinnon.) —April 11— —RECEIPTS— Wheat. Corn. Oats. St. Joseph .. 28,000 14,000 ' Chicago 37.000 254.000 171.48)0 Milwaukee . 6,000 13,4100 11,000 Duluth 40.04X1 15,0.0 12,000 St Louis 48,(XX) 45.000 48,000 Toledo 11,000 10,00) 2,4X10 Detroit 5,000 0.000 4.000 Kansas City . 103,000 33,0 0 2.0(H) Peoria 4,000 41,000 32;000 Omaha 10,000 42,0 0 2,000 Indianapolis . I.4HH) 31,000 50,000 Totals 293,000 510,(XX) 322,000 Year ago ... 608.1XH) 436,000 324,000 —SHIPMENTS—YVheat. Corn. Oats. St. Joseph .. 1.000 18,009 2,000 Chicago 20,(HH) 79,4X0 98,000 Milwaukee ... 4.000 12,0.0 25.9® Duluth 2,04® St. Louis .. 38,000 74,000 120.04® Toledo 22,000 7,(®0 2,000 Detroit 4JHH) Kansas City . 131,9® 31,099 20,0(0 Peoria 1,000 35,0 0 27.04K1 Omaha 28,000 14)8,9® 44.000 Indianapolis . 1,000 11,4®) 10,000 Totals 268,000 379.04® 348,000 Year ago ... 099JMX) 446,00) 4/2,4)09 —CLEARANCES— Wh- at. Corn. Oats. New York ... B.4X® 181,9® 129,94® Philadelphia 96.04® 20,0 0 Baltimore 43,000 New Orleans 79,04X1 Newport News 95,91® Totals 47JXX) 491,<®) 149,4H® Year ago ... 284),4®0 94,4K® INDIANAPOLIS CASH GRAIN. —April 11— Bids for ear lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Firm; No. 2 red. $1.39(01.40. Corn—Firm: No. 3 white, 01®61%e: No. 4 white, 00®01c; No. 3 yellow, 61® 61%c: No. 4 yellow. 60®.60%e; No. 3 mixed, 59%@60%c; No. 4 mixed, sS’%</£ 59 %c. Oats—Firm; No. 2 white, 40'%@42’%c; No. 3 white, 38@30c. Hay—Steady: No. 1 timothy, STS.SO® 19; No. 2 timothy. $18(018.50; No. 1 light clover mixed, $17.50®: 18; No. 1 clover, sl9® 20. —lnspections YVheat—No. 2 red, 2 cars. Corn—No. 2 white, 6 ears; No. 3 yellow. 4 ears: No. 4 yellow, 1 ear; No. 5 yellow, 2 cars; No. 6 yellow, 1 car; No. 3 mixed, 2 ears; No. 4 mixed, 1 car; No. 5 mixed. 1 car; total, 18 cars. Oats —No. 3 white, 3 ears; No. 4 white, 5 cars; total, 8 cars. HAY MARKET. The following are the Indianapolis prices for bay, by the wagon load, delivered in Indianapolis: Hay—Loose timothy, sl7®lS; mixed hay, $16(017; baled hay. sl7® 18. Oats —New, per bushel, 42(045c. Corn—Both old and new, per bushel, 60 <o6sc. WAGON WHEAT PRICES. Indianapolis flour mm* and elevators yesterday were paying $1.27 per bushel for No. 1 red winter wheat; $1.25 for No. 2 red winter and according to teat for No. 3 red winter.

Local Stock Exchange STOCKS. —April 11Bid. 4ck. Ind. Ry. & Light com 60 ... Ind. Ity. A Light pfd 75 Indpls. St Ry 44 49 Indpis. A N. W. pfd 60 Indpls. A S. E pfd 60 T. H„ T. A L. pfd 70 T. H„ I. A E. com ... 5 T. H . I. A E. pfd 15 U- T. of Ind. com ,1 U. T. of Ind. Ist pfd 3% 7 U. T. of lud. 2d pfd 2 Advanee-Kuuiely Cos. pfd. i ... Advance-Kumely com 15 ... Am. Central Life 195 ... Am. Creocoting pfd 94 Belt R. K. com 67% ... •Belt It. R. pfd 51) Century Bldg. Cos. pfd 93% ... Citizens Gas Cos IS% ... City Service com City Service Cos. pfd Dodge Mfg. Cos. pfd Home 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 ••• Indpls. Tel. pfd 90 ... Indpls. Tel. com 2 Mer. Pub. Util, pfe 48 Nat. Motor Car Cos 1 3 Pub. Sav. Ins. Cos 5 ••• I’auh Fer. pfd 47 ... Stand. Oil of ind 87 ... Sterling Fire Ins. Cos 7% ... Van Camp Hdw. pfd 90 ... Vail Camp Prod.’lst pfd 99 Van Camp I’rod. 2d pfd * ... Vandalia Coal Cos. com 1 ... Vandalia Coal Cos. pfd. v 6% ... Wabash Ry. pfd. ~<\ 30 Wabash Ity. com 8% ... BONDS. Broad Aipple 5* 61 68 Citizens St. Ry. Os 75% ... Indian Creek Co.A Mine 6s ... 100 lud. Coke A Gas 6a 86 Indpls. C. A S. 5s 91% ... Indpls A North. 5s 38 43% Indpls. A Martinsville 55.... 55% 62 Indpls. A N. W. os 48 51 Indpls. A S. E. 5s 45 Indpis., Shelbyv. A S. E. 5s 70 Indpls. St. Ry. 4s 61 T. H., I. A E. 5s 50 Indpls. Water 5s 93’% 95% Indpls. Gas 5s 86 Kokomo, M. A W. 5s 84% ... Ind. Hotel Cos. 6s 96 Indpls. Water Os 93% 98'% Indpls. Water 4'/-s 81 Indpls. T. A T 76 80 Indpls., L. A H. 5s 86% ... U. T. of Ind. 6s 47 Mer. H. A L. os 96 New Tel. L. D. os 96 ... New Tel. Ist 6s 65 96% Sou. Tel. Power 6s 86% 91% •Ex-dividend.

NO DANGER OF GAS SHORTAGE, BUREAU SAYS Amply Supply in Sight to Run Autos Throughout Year. WASHINGTON, April 11.—There is no danger of a gasoline shortage. l'ears expressed in some quarters that the United States might be threatened wlih a gasoline famine today wire declared by officials of the Federal Bureau of Mines to be groundless. “There is an ample supply of ‘gas’ to meet ail the requirements of tiie 10.505,660 automobiles and trucks that are said to be in uso in tills country, together with the predicted 20 per cent increase in their number this year." declared one of the Government's oil experts. GIVES CLOSE STUDY TO SITUATION. Wlih the use of automobiles and tricks growing by leaps and bound* the Bureau of Mines is giving close study to tlie gasoline situation. Surveys of production of crude petroleum, operations of tlie refineries and stocks in storage are being made at regular intervals by the Bureau, and by this means the Government's experts are enabled to keep in close touch with production and consumption of tiie commodity that keeps the automobiles running. Officials pointed out that at the end of last year there were 580,9*7,132 c:l '" ions of gasoline held in storage, while there were ."><l3 refineries in operation, having a total daily capacity* of 1,736,725 barrels of crude oil. PLENTY OF CRUDE OIL STOCKS IN SIGHT. "A large number of these refineries ore only running about 89 per cent of Capacity. and there are. In addition, about : 150 refineries that have shut down,” said ; one of tlie Government oil experts. “There are ample stocks of crude oil in j sight, so timid automobile owners need | have no fear that a gasoline famine is j imminent.” Last year 5.153.549.318 gallons of gaso- j line were produced in the United States, being an average of 11.119,313 gallons daily. This was an increase over 1920 of 271.002,609 gallons. Domestic consumption of gasoline in 1921 exceeded that of 1919 by 1.081,000,000 gallons.

Boston Brave Leader Prefers to Develop Own and Take Shot at Luck Owner Grant and Manager Mitchell of the Boston Braves believe in developing their own players. Mitchell is really the Connie Mack of the National League. The Braves' manager has been responsible fur the developing of a number of players now rated as National League stars. Owner Grant doesn’t believe in paying from $25,(100 to $75,000 for stellar minor league stars, lie says be wouldn't if he could, and couldn't if be would. Owner Grant is n business man and is giving the Braves a business-like administration. YVliile- he doesn’t fancy paying big sums fur uncertainties, lie is always readv to gamble real money in an emergency. If* lie figured tlie securing of a certain star might win a pennant, Grant would go tile limit. Both Grant and Mitchell feel they have a real ball club, a team with a chance to upset the dope. Grant says that if it becomes apparent that a certain veteran star might make liis young team a pennant possibility, he will make every effort to land such a player, without a thought of expense. INDIANAPOLIS PRODUCE. Egg*—Fresh, 21(022c. Butor —Packing stock, 14@15c. Poultry—Fowls, 17@‘22e; broilers, 1% to 2 lb. size, 54>c; leghorn broilers, at discount; cocks, 13@14c; young hen turks. 8 lbs. and up 34®35c; young tom turks. 12 Ibs. and up. 331035 c; old tom turks, 28®30c: euli thin turkeys not wanted; ducks, 4 lbs. and up. 15(016; geese, 19 lbs. and up, 13®;i4c: squabs. 11 lbs. to dozen. $5.50®6.00; old guineas, per dozen, $3. Butter— Local dealers are paying 38(0 39c per lb. for butter delivered in Indianapolis. Butterfat —Local dealers are paying 36c per lb. for butterfat delivered in Indianapolis. RABBITS CHASE COYOTE. FARMINGTON, S. D.. April 11.—Two husky jackrabbits were found chasing a coyote on the farm of Jacob Pentis. near Rapid City, S. D. Pentis and his two hired men, Harvey Lawson and Aleck Watson, were going out to feed some cattle. They saw the coyote In full flight, tlie jackrabbits In behind biting at his heels. " WHOLESALE BEEF PRICES. The following are today’s wholesale prices for beef cuts as sold by the Indianapolis market of Swift & Cos.: Ribs—No. 2,20 c; No. 3,15 c. Loins— No. 2. 39c: No. 3.20 c. Round—No. 2. 17c: No. 3,15 c. Chucks—No. 2,10 c; No. 3,9 c. Plates—No. 2. 7c; No. 3,6 c.

*AND IBANK STOCKSI Newton SELL 415 Lemcke Building { l OUU

APRIL 11, 1922.

BOOTLEGGING i LIKE DRAGON 1 OF ST. GEORGE Girl Mayor Says Legend Aptly Describes Traffic in ■ '-ZUj Booze. - '|| ( HYPOCRITES GIVE AID FAIRPORT, Ohio, April 11.—“ Bootlegging,” said Dr. Amy A. Kaukonen, Fairport's pretty girl mayor, “is like a long, lingering disease. When you think you have it cured and done for it rears up it* head, like the dragon in the legend of St. George, and takes another form and a fresh hold. It's harder to eradicate than the itch. This country is a hotbed of bootleggers, and whenever you knock one on the neail another head is there to take the last one’s place. “Many a man gets up in prayer meeting and yells, 'Down with booze I’ then, ten minules later, sneaks up a back alley to some disreputable resort and pours down his hypocritical throat some bootlegger's concoction that would make a cigar-store Indian do a war dance. I know the superintendent of a Sunday school that is always rooting for prohibition and yet rents his property to the proprietor of a blind tiger. “HAVE HOME BREW ON BRAIN.” “The fact that liquor is hard to get seems to make it more desirable. People wlio seldom tasted booze when the country was wet, now seem to have ’home brew’ on the brain. They forget more recipes for hootch every fifteen minutes than an ex-barkeeper could remember if he lived to be as old as Methuselah. InInstead of going in for outdoor exercise and sunshine many ‘tired business men* are going in for indoor exercise an-i ‘moonshine.’ ” " Mayor Kaukonen is also a physician. She graduated from the Woman’s Medical College of Philadelphia with high honors and is the youngest graduate of that institution. She is a petite blonde and cheerfully admitted her 25 years. She was elected last fall over a candidate who had strong backing from all classes, and her battle cry was “Clean out the bootleggers!” She has named an entirely new police force and other subordinates and is receiving, she says, the hearty support of the council elected with her. CONGRATULATED | 15Y PRESIDENT. Her election—she is the only woman mayor of a town having the city form of government in Ohio and perhaps in the United States —brought forth hundreds of congratulatory letters and telegrams, and one which she treasures most highly is* from President Harding and reads: “Highest respect and congratulations to i Amy Kaukonen, the first woman to heal j the municipal government of her home ! She says that she will personally conduct all raids and will analyze in her own laboratory whatever liquor is seized. “I’m not a feminist,” she said, in explaining her political affiliations. "I have no platform save the promise of strict law enforcement, economy and a square deal to all, regardlee sot sex, race or political affiliations.” Her setrongest supporters are said to be the'children. Fairport boasts more children than any town of its s.ze in the United States, and both as a physician and executive Dr. Kaukonen takes a deep interest in their welfare. Her eiectioif has brought her many vitations to speak, and she will leave sootw for an extended tour in the interest of law enforcement. LITTLE HUMOR CROPS OUT. “There’s a little humor in this matter, though it's generally pretty grim business,” she concluded. “Last week two men entered my office. Immediately one fell on the floor in violent convulsions. The other man turned to me and said excitedly, ‘For God’s sake write out a whisky prescription! It's the only thing that seems to bring my poor brother Pete out of these fits.’ “ ’I never write prescriptions for whisky.’ I replied. •‘At once the man on the floor stopped jerking his arms and kicking his legs, lie rose from the floor and remarked with a grin: “ 'lf there’s no whisky coming I reckon the fit is over.’ ” PACIFIC COAST MINING LOOKING TO BETTER DAYS Activity on San Francisco Exchange Chiefly Seen in Speculative Issues. SAN FRANCISCO, April 11.—Activity on the mining exchange is chiefly in evidence among the most speculative issues. The new Oatrnan stoeks were an exception, only a few sales being recorded. Intervention of the State poration Commission 4r!is cheeked development of the projected boom. There has been a volume of sales of Divides and Tonopahs. Lucky Boy, one of the former, declined less than half its usual quotation of nine or ten cents. West End Chemical and Simon Silver continue about the most constant of the list. Gruss Copper has unexpectedlw recovered to about eight cents. The United Comstock has completed its 10,000-foot drainage and transportation tunnel. With its portal at American Flat, the huge lateral cuts through the mines comprising the group to connect with the shafts on the Alpha Consolidated at the north end. Development of several virgin veins is to be undertaken. Building of the 2500 mill, designed t be the largest silver-gold reduction plant in North America, with possibly two exceptions, is proceeding vigorously. The management estimates the mill will lie ready for service before the end of October. Clearing of the cross-cut from the Mint shaft on the Sutro tunnel level is being rapidly prosecuted by the Middle Mines Company, preliminary to beginning diamond drilling. This work is being done on the Savage mine, and the drills are designed to explore the Comstock lode fissure to a depth of 2,400 feet in virgin territory. The Comstock Middle Mines Company, which holds an option on the Middle Mines group, is prospecting from the Hale and Norcross tunnel to locate 'Extensions of rich veins in the Best and Belcher, Gould and Curry, Chollar and other properties. Jap Shortstop Star Herb Hunter, returned from a winter in Japan spent coaching college says there is a Japanese shortstop namrl Teddy Kubota, attending Waseda University. who is the greatest player in his position he ever has seen. He likens him lo Charley Hollocher in size and style of play and says he is even better than the Cubs’ star. Hunter thinks he may be able to induce Kugota to report to the Cardinals after he has finished his college course in Japan.