Indianapolis Times, Volume 34, Number 300, Indianapolis, Marion County, 27 April 1922 — Page 12

12

PROFIT-TAKING CAUSES STOCK TRADING LAPSE Declines of Two or More Points With No Special Weakness Shown. INCENTIVE IS LACKING Special to Indiana Daily Times and Philadelphia Publ'c Ledger BY MONITOR. NEW YORK, April 27.—With trading <>n a somewhat reduced scale, compared with recent sessions. Monday's stock market developed a moderate reactionary icndenoy, with heaviness displayed by several groups and miscellaneous issues. Although there were declines here and there of two points or more, there was no indicator of special weakness. Profit taking and some professional short etling for a turn appeared to be largely responsible for the setback. At the moment the market lacks special incentive, from a news standpoint, for any particular display of strength. • 'ables from Genoa reflect much confusion, with the outcome clouded in doubt. While this phase of the situation may be incidental, and only temporary in its effect, the developments at the conference give no immediate inspiration for constructive market operations. The coal strike Is pinching in certain quarters. There is talk of a widespread reduction in railroad rates, with no assurance, as yet, of cor ’'"nsating offsets in wage revisions. On the other hand, the investment market continues to show amazing ahsoptive power, with little visible effect on call money rates. There were several short-lived advances, which were, however, nullified by the late reaction. The hopeful construction placed on the statement of the United States Steel Corporation wag responsible for an upturn in the steel shares. The oils ran up sharply on announcement of advances in refined products, and the assump‘ion that crude would be marked up in 'he near future. Cosdeu bad a particularly brisk upturn. I’acific Oil also was strong. Mexican Petroleum and General Asphalt sold off at the close. The rails generally were inclined to heaviness with profit taking making its appearance In New Haven. M. K. & TANARUS., and some of the standard issues. No special feature is contained In the Weekly Review of the Iron Age. Steel production is being curtailed in some quarters and increased in others. There is some shrinkage in new business and most of the orders are now coming from the railroads.

N. Y. Stock Gossip

BY MONITOR. NEW YORK. April 27.—Bethlehem Steel eased off In the final trading yesterday and the “B" stock dosed with a fractional loss for the day. Directors of the company met today to take action on the dividend, and advance indications are conflicting. In some quarters it is assumed that a reduction in the dividend can be expected despite tlie general improvement in prac- ■ lly aii phases of the steel industry. Although steel merger rumors and reports lack official confirmation and in some quarters have been denied, it is coopted as a common fact that meetings are being b id regularly on this -n.'j <•: and the feeling is further emphasized by the action of the leading stock, which may be incorporated into the merger when and !f it is perfected. For instance. Republic and Crucible, nlr lough the latter lias not been mentioned as a possible factor, were decidedly ■irons, aud noth advanced more than two points, while Midvale Steel also has been showing consistent firmness lately. Other independents are more than holding their own in the general market. Although the Ontario Western. March gross was not a great deal higher than that for the same month a year ago, the net operating revenue showed a decided improvement, this also applying to the report for the first quarter. The statement showed gross earnings of sl,1*0.437 for March, against $1,053,173 last year, with the net for tie month sl**.425 as compared with a deficit of $29,595 for March 1921. The first quarter gross was $2,940,067. compared with $2.9*2.040, with a net of $171,104 as against a deficit of $58,144. Loadings of revenue freight totaled 706.71" cars in the week ended April 15, compared with 714,268 in the previous week, a decrease of 7.555 cars. This was, however, an increase of 4.597 over the corresponding week in 1921 and 105,018 in excess of the oorr*'spniiiudg week in 1920, when the unauthorized strike of switchmen seriously _ affected transportation. Despite the heavy volume of new bond offerings, the call money markets dis play an inherent easiness, and call loans, which closed at 4 per cent Monday, renewed at 3Vj per cent yesterday. Studebaker is meeting with a confusing cross-current of sentiment at present. and the market course of the stock is erratic as a result. On the other hand, stock interests, which have been consistently bullish on the issue, appear to be selling on the belief that at Saturday’s meeting only the usual dividend will be declared. In some quarters it has been hoped that the dividend rate would be increased, or that an extra might be declared. On the other hand, traders who are still bullish on Stiulebaker, despite the high market valuation of tt 4 stock, are basing their ideas on the belief that a very good earnings statement will be shown at the meeting, and that this will be found to justify fully Studebaker's market actions.

While Warner Sugar's fint quarter earnings are mure or less estimated. It Is accepted that the company will show about sl,Udo.f)o<>. which is very nearly twice earnings for the same quarter a year ago. Standard Copper stocks, especially the higher priced issues, are holdii c well on the current belief that the lai/e expansion of the steel trade as well as general improvement in most of the electric tompanics, the prospect of much larger purchases of materials for the account of public utitiitics. and in short that the •ountry-wiue business revival will, as a matter of course, necessitate a corresponding improvement in the copper industry. Wall street received its first knowledge ..f the steel report yesterday morning, and was not a bit dissatisfied, despite the fact that the corporataion not only failed to earn its preferred, but was forced to draw nearly $7,000,000 from undivided surplus to make up the balance on the preferred and to pay the common. The sireet had been expecting a statement about the same ns that which was received. and the interest of the financial • immunity was mainly centered upon the ratio of earnings at the end of the quarter to those at the beginning. Although it is generally accepted that even the good rate of operations at the end of March should be exceeded by the average for the second quarter, conservative traders who took the March earnings as a oasis, are confident that the second quarter will not only show the preferred and common dividends earned, but will show a comfortable balance to be put back into the surp’. js to make up in part the first quarter d~aiD. Blair & Cos. and Hnrnblower & Weeks of New York, and O’Brian, Potter & Cos. of Buffalo have purchased at a private sale a block of 40.000 shares of the new common stock of the Beechnut Packing Company, and this will be offered today. Reports current in the market that New York Central might have anew issue of preferred stock did not receive much credence and tankers for the properly take the position that an issue of preferred stock at this time would hardly be a logical thing to expect In a market in which bond offerings were being re* <elTed with such marked favor as aft present.—Copyright, 1922, by Public 1 Ledger Company.

N. Y. Stock Exchange

(By Thomson & McKinnon.) —April 27 I’rev. High. Low. Close. Close. Adv.-Rum. com. 18 18 18 18% Ajax Rubber... 17% 17% 17% 17% Allied Chemical. 65% 64% 65 65% Aliis-Cbalmers. 50% 49% 49% 50% Am. Beet Sugar 40% 4040 41 Am. Bosch Mag. 45 45 45 45% Am. Can 47% 46% 40% 47% Am. Car & Fdy.lol% 159% 100 102 American 1ce..107 103 103 107 % Am H & L pfd. 68% 68 68 6S Am. Internatl.. 45% 44 44 43% Am. Locomotive.lls 115 114 114% Am. Steel Fdy.. 38% 38 38% 38% Am. Smt. & Ref. 56% 5414 55 57 Am. Sugar Ref. 75% 73% 74% 74 Am. Sum. Tob.. 33% 33 33 % 34% Am. Tel. & Te 1.122% 121% 122% 122% Am. Tobacco.. .139% 138% 13.8% 140% Am. Woolen 91% 90% 90% 91 Vi Anaconda 52% 51% 51% 52% Atchison 100% 99% 100 100 Atl. Gif & \V. L. 32 31% 31% 31% Atl. Cst. Line ..100 99 % 99% Austin-Nichols . 24% 24% 24% 24% Baldwin Loco. .110% 114 114% 5% B. & 0 47 Vi 45 46 47% Beth. Stel (B) . 77% 76% 70% 77% Brky. Kpd. Trst. 21% 20% 21% 21% Cal. Pete 55 54 54% 54% Can. Pac. Ry. ..140 138% 139% 111% Cent. Leather . 37% 37% 37% 37% Chand. Motor . 75% 72 73 74% C. & 0 64% 63% 64 65 C. M. &StP. c. 27% 26% 20% 20% C. M. V St. P. p. 43% 42Vi 42% 44% Chi. & North. . 74%. 73% 73% 74% C. K. I. & P. . 45Vi 44% 44% 45 CRIA- i' li'r p. 82% 82% 82% 83% C R I & P. 7% p. 98 96 90 96% Chili Copper .. 18% 18 18% 18% Cluett- Peabody . 53 .53 53 Corap. & Tab. . 77% 75% 70% 70% Chino Copper.. 28 27% 27% 28 Columbia Gas.. 88 85% 86% 88 Coca Cola ... 55% 54% 55% 55 % Columbia Grap 5 4% 4% 5 Consolidated G 115% 113% 115% 115% Corn Products 103 101% 102 102% Crucible Steel.. <25 03% 63% 03% Cuban Am Sug 21% 21 % 21 % 22 Cuban Cane S 15% 15% 15% 15% Del Ac Hudson 120% 120% 120% 121% Del & Lack.. 110% 115% 115 Vi 115% Dome Mines.... 20% 26% 20% 27 Erie 14% 13% 13% lWi Erie Ist pfd.. 23% 21% 22% 23% Endicott and J 84% 83% 48% 85 Famous I’lnv.. 8"% 80% 80% 81% I’isk Rub Cos.. 18% IS ' ls% 18% (ion. Asphalt... 61% 59% 60% 01 % Gen. Cigars .. . 72% 72% 72% 74 Gen. Electric ...162 161 161 * 163 Gen. Motors .. 12 11% 11% 12 Goodrich 41 40% 40% 41 Vi Gt. Northern pfd 74% 73% 73% 74% Gt. North. Ore.. 40% 39% 4040% Gulf S. Steel 82 79 % 81 80% Hupp 18% l*% 18% 18% Houston Oil 78 76% 70% 79% Illinois Central 107 106 ” 107 ” 108 Indiahoma 4% 4% 4% 4 Inspiration Cop. 40-% 39% 39% 4% Inter. Harvester 96 90 90 Inter. Nickel... 18% 18 38% 18% Inter. Pape .... 48% 47 47% 47% Invincible (Ml.. 18% 17s, IS I*% Kan C. South.. 28% 27% 28% 2*% Kelly-Sg. Tire.. 49% 47% 48% 49% Kennecolt Cop. 31 29% 30% 31% Lacks. Steel. .. 55% 54% 55 55% Lee Tire & Rill). 12!% 32% 32% 33% Lima Loco 109% 108% 108% 110 .. Lehigh Valley.. 02% 01% 01% 02% Loews, Inc 18 17% 17% IS Martin Ac Parry 30% :)% 30% 31% Marine coin 23% 22 22% 22% Marine pfd 83% 71 ’4 72% 73% May Stores 117% 117% 117% 120% Maryland 0i1... 28% 2*% 28% 29% Mexican Petr01..129% 127% 128% 129% Miami Copper... 29 28% 28% 29% Middle St. OIL. 14% 14% 14% 14% Midvale Slnel... 37% 35V. 36% 37% M. Pac Ry 24 23% 23% 24 M. Ry. pfd.. 57% 55% 56% 57% Mont. Ward 21% 21% 21% 22% Natl. Lead 91% 91% 91% 92% Ner. (’on. Cop.. 16'. 10% 16% 17 N. Y. Air Brk... 80 77 77 74Vi N. Y. Centra! 9u% ks% s,s% 90% New Haven 27% 26% 20% 27 Nor. A Western. 106% 105% 105% 106% Nor. Pacific 75% 74% 75 75% Ok.P. A R. Cos.. 3% 33% 3% Owen Bot. com.. 35 34% 34% 35% Pacific Oil 58% 56% 57% 57% Pan-Am. Pete... 02% 61 01 % 02% Penn Ry 41% 41% 41% 41% People's Gas.... 87 1 , 85 86 88 Pere Marquette 30% 29% 29% 30% Pierce-Arrow ... 22% 21% 21% 22% Pierce Oil Cos 10% 9% 9% 10' * Pull. Pal. Car.. 126% 123% 125% 125% Pure Oil 33% 33 33 % 33% Ry. S. Springs.lol 100% 100% 101 Reading 77 76 70 77% Rep. I. A Steel. 59% 57% 5*% 58% Ueplogle Steel. 32 31% 31% 32 R.Dutch N\ Y. 62% 00% 01% 01% S-Roebuck 75% 74*4 74% 73% Sinclair 31% 30'- 30% 31% So. Pacific 89% 88% 89 *9% Southern Itv ... 24% 24 24 24% St. L. A fc.tY.R. 31 % 29% 29% 31% Std. Oil of Ca1..107 105% 107 106% Std. Oil of N. .1.178 170 178 179 St.L. A S.F.eom. 29% 2.8% 29 29% Stewart A War. 40% 40% 40% 'O'*.. Strom, (’art 54' . 51 81% 5. % Studebaker 120% 117% H 7% 119% Texas G. A Sul. 44% 43 43% 42% Texas C. and Oil 27% 26% 27% 27% Texas Cos 45% 45> 45% 45% Texas A Pac... 34% 33% 33% 34% Tob. Products.. 69 68 68% 09% TrJns. oil 11% 10% H 11% Union Oil 21% 20% 20% 20% Union Pacific.. 137% 136% 130% 137% United Drug .. 69% 09% 09% 70 V S. R. Stores 50% 49% 50% 50% U. S Cast iron P. 34 > , 33'. 33'. 34% I’. S. In. Alcohol 51% 49 49 50 U. S. Rubber... 65 03% 03% 04% U. S. Smelting.. 39% 38% 39% 40 U. S. Steel 98 96'- 97 97% U. S. Sttel pfd. .119% 118%- 118% 119% Utah Copper ... 65% 64% 65V. 05% Vanadium Steel 42% 40% 41% 42 Wabash 10% 10% 10% 11 Wabash Ist pfd. 31% 30% 31% 32 Worth. Pump . 52' . 52 52 52% West. Parfic .. 22', 22% 22% 23 West. Union .. .97% 97% 97% 98 West. Airbrake . 95 94 94 89% White Motors ...47 45% 46% 48 WUlys-Overland $ 7% 7% 8 White Oi! 9% 9% 9% Wilson A Cos. .. 47% 46 46% Wooiworth 102% 101% 101% 102V*

NEW YORK LIBERTY BONDS. —April 27 l’rev. High. Low. Close, close. Liberty, 3%g 99.74 99.42 99.42 99.d4 Liberty, Ist 4s 99.44 Lihertv, 2nd 4s 5)9.66 Libert v, Ist 4(js 9J.90 99.74 5)9.74 99.5)4 Liberty, 2nd 4V,s 5)9.84 5)9.156 5)9.70 99.84 Liberty, 3rd 4VS 99.98 99.94 99.94 99.5)4 Liberty. 4th 4V IS 99.93 9!).90 99.90 1 10.00 Victory 3%s 100.02 100.02 Victory 4%s 100.70 1)4004 100.04 100.70 CLEVELAND PRODUCE. CLEVELAND, April 20—Rotter-Ex-tra. 44%@45e; prints, 45%<g46c; firsts, 43Vi@44c; packing stock, 17@19c. Eggs —Fresh, 29c; Ohio firsts. 25%@2<jc. Oleomargarine. 21@22e; high-grade animal oils. 22<§.22%e; lower grades. I’s(fil7c. Cheese—York State, 22%'5|!25e. Poultry— Live fowls, 30@31e; roosters, 18c; broilers. 4<J@Coe: yearlings. 30@31e. INDIANAPOLIS PRODUCE. Eggs—Fresh. 21@22c. Bo ter—Packing stock, 14(315e. Poultry—Fowls. 17®;22e: broilers. IVi to 2 lb. size. 45@46e; leghorn broilers, at discount; cocks, 13.4$ 14c; young hen turks, 8 lbs. and up Ssc; young tom tucks, 12 lbs. and up. 33c; old tom turks. 30c: cull thin turkeys not wanted ; ducks. 4 lbs. and up, ijfqlts geese, 10 lbs. and up. 13@14c; squabs. H lbs. to dozen. $5.5()(a.6.t>0: old guineas, per dozen. $3. Butter —Local dealers are paying 37<& 38c per lb. for butter delivered In Indianapolis. Butterfat—Local dealers are paying 3(Je per lb. for butterfat delivered in Indianapolis. U. S. WOMAN ROBBED. BOULOGNE. April 27.—1 t is reported that Mrs. Amy Waldron, an American woman, was the victim of the customs guard arrested here for theft. He stole a large sum of money from her. DIVORCEE'S BROKEN IDYLL. LONDON, April 27.—Mrs. Sarah Elizabeth Bendix has sued her former husband for breach of promise, alleging that after divorcing her he promised to remarry her. GIRL AUCTIONS HERSELF. BERLIN, April 27.—Unable to find a husband. Carlotta Lurbach announced she would auction herself off in the village of Sorau. Thirty men offered bids. A rich farmer won. MIRROR REVEALS TRAGEDY. iSORDEAUG, April 27.—A mirror fastened to a tree revealed the suicide of Pierre Legros, whose body lay in‘--Xhe roadside ditch. He stood before She dnirror to shoot hlmsslt, %

STOCK MARKET TONE UNSETTLED Bethlehem Steel Makes Recovery—Rail Shares Lose. NEW YORK, April 27.—The stock market closed unsettled today. Some of the leading issues rallied slightly from the low levels in the last half hour, but others closed around the low levels. Bethlehem Steel “B,” following the declaration of the regular dividend, advanced % of a point to 77. United States Steel recovered from 90% to Mexican Petroleum sold down to 129 and General Asphalt touched 59%. Studebaker rallied 1 point from the low to 118%. The railroad issues showed losses of from 1 to 2 points from early high levels. Government bonds were unchanged and railway and other bonds irregular. Total sales of stocks for the day were 1,400,200 shares. (Thomson A McKinnon) —April 27 As was to be expected. Lloyd George's alarming picture of European conditions brought a wave of soiling orders Into the stock market af the beginning of today's session. Price movements continuing downward well ij to the second hour. There were no news developments worthy of mention and toward raid day the market turned dull, with prices of most leading stocks fractionally above early lows. Further, large selling orders came into the market during the early afternoon carrying prices downward to new lows for the day. In our opinion, the reaction comes more from an unsound technical position than from uneasiness over the foreign news. Million-share days would not be possible without big public buying demand. if one can judge by the action of the market the past >veek. ibis demand has been satisfied temporarily. TWENTY STOCKS AVERAGE. NEW YORK, April 27.—Twenty in dustrial stocks Wednesday overaged 91.95, off .70 per cent. Twenty active rails averaged 84.36, off .73 per cent. CLEARING 1101 SK STATEMENT. NEW YORK. April 27. Exchanges, $720,800.000; balances. $72,890,000; Federal Reserve Bank credit balances, $52,500,000.

Money and Exchange Indianapolis bank clearings Thursday were $2,855,000; bank debits, $4,764,000. NEW YORK, April 27 —The foreign exchange market opened easy today with demand Sterling unchanged at $4 42%. Francs were iff 5% centimes to 9.22%e for cables, and to 9.22%e for cheeks, i.ires yielded 2%. points to 5.35%c for cables, and to 5.35 c tor checks. Belgian francs were off 3 centimes to 8.47 c for cables, and to 8.46'-c for checks. Marks were % of a point lower at .0035%e. Guilder cables were 38 10c; checks, 38.05 c. NEW YORK CALL MONEY. NEW YORK. April 27. -Money—Call money ruled 3% per cent; high, 3% per cent; low. 3% per cent. Time rates all 4% per cent. Prime mercantile paper quiet. Sterling exchange was quiet, with business in bankers’ bills at $4.42% for demaud. NEW YORK (IRIS MARKET. IBy Thomson A McKinnon > —April 27 - —Closing Bid. Asked. Acme Packing O' 7" Curtis Aer •. < 0111 4 6 Curtis Acre, pfd 21 27 Boston A Montana 19 20 Boston A Montana Corp. - 85 1)0 Goldfield Con 7 9 .111mlie Extension " 5 International Petroleum .. 19% 20 Kirby Oil 12 12% Nipissing 0% _ 6% Standard Motors 5 5% Salt Creek 15% 15% Tonopah Extension • 19 10 111-10 Tonopnh Mining 1% 1% United P. S. New 7% 8 U. S. Light and Heat 2V* 2% U. S. Light and Heat pfd. . 1% 1% Wright Mar, in 2 5 Yukon Gold Mine Cos 1% t' .lerome 3% 1 New Cornelia I s I*% United Verde 28 29 Sequoyah 3 12 Omar Oil 2 2 1-10 Rep. Tire 65 75 ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —April 27 —OpeningBid. Ask. Anglo-American Oil 20% 2(1% Atlantic L'.lios 10% 11 Borne-Scrymscr 350 370 Buckeye Pipe Line 98 102 Chesebrough Mfg. Cons. ...I*o 190 Continental Oil, Colorado 143 149 Cosden Oil and Gas 5 8 Crescent Pipe Line 33 35 Cumberland Pipe Line 140 150 Elk Basin Pete TV* 7% Eureka Pipe Line 98 103 Galena-Signal Oil, pref los ill Galena-Signal oil. Com 53 .54 Illinois Pipe Line 184 188 Indian,) Pipe Line 100 103 Merritt Oil 12V* 12% Midwest Oil '2% 3'% Midwest ltfg 185 National Transit 31 32 New York Transit 172 1m Northern Pipe Line lot! 108 Ohio Oil 305 312 Oklahoma I’. A R 6% 7 Penn. Alex 33 33 Prairie oil and Gas (4 0 010 Prairie Pipe Line 230 235 Sapulpn Rcfg 3% 3% Solar Refining 340 .370 Southern Pipe Line 100 103 South Penn Oil 200 205 Southwest Penn 13) Lines. 60 65 Standard Oil Cos. 01 Imt. ... 98% 98% Standard Oi! Cos. of Kan. ...350 570 Standard Oil Cos. of Ky. ... 81 82 Standard oil Cos. of Neb. ...100 200 Standard oil Cos. of N. Y. ...394 598 Standard oil Cos. of Ohio ...pin 4*' Swan A Finch 25 35 Union Tank Line 400 41.5 Washington Oil 25 30

MOTOR SEVERITIES. (By Thomson A McKinnon.) —April 27 —Closing— Bid. Ask. Earl Motors 314 3% Packard com 11% 11% Packard pfd 82 84 Peerless 41 41 Continental .Motors com VilA- 9 Continental Motors pfd 91 Hupp com 18% Ilupp pfd. 9H 103 Iteo Motor Car 24 24% Elgin Motors 2% 3 Grant Motors I 1% Ford of Canada 300 304 National Motors 1% 2% Federal Truck 23 " 2+ Paige Motors 21 22 Republic Truck 8 8% f lIICAGO STOCKS. (By Thomson A MeKiuunp.) —April 27 — Open. High. Low. Close. Arm. A Cos. pfd 9(5% Arm. Leather.. 12% CCACRvs. pfd. .V . .*% 8(4 Chi. El 11 y pfd. f.% 5% 5% 5% Cudabv (la Com. Edison...l3l 131% 131 131% Cont. Motors... 8% 9 8% 8% Deere A Cos. pld. 71 % Diamond Matchll'2 Earl Motors 3% Libby A MeNeill 2% 32% Montgy. Ward. 22 22 21% 21% Natl. Leather.. 2% Nat. Lea. new... 9% 9% 9% 9% Fisk A Cos 20% 20% 2(5', 26% Pig. Wig. “A". 44', 44% 44 44% Stewart-Warner 40';. 40(4 39% 39% Swift ACo 101% 102 101% 102 ' Swift. Inti 20 20 J 9% 19% Thompson (J.K.) 48% 48% 43 48(4 Union Cb. A Cl). 57% 57% 57 57% Wahl 00% 07 05 (f 0)5 Wrigley 102(4 K>2% ioi 101% Yellow Taxi.... 77 77 74% 70% COMMERCIAL BAR SILVER. NEW YORK, April 27.—Commercial liar silver today was quoted as follows: Domestic was unchanged at 99%c; foreign was unchanged at 07%c. LONDON April 27. - Isar silver today was unchanged at 34%d. NEW YORK METAL MARKET. NEW YORK, April 27. —Copper-Dull; all positions offered. 12%e. Lead —Steady: all positions. 5.20(5 5.30 c. Spelter— Steady ; util positions, 4.50(& 4.50 c.

INDIANA DAILY TIMES

Local Stock Exchange

—April 27. STOCKb. Bid Ask Ind. Ry. & Light, c0m....... 60 ... Ind. Ry. & Light pfd 75 Indpls. St. Ry 45 Indpls. N. W. pfd Indpls. A S. E. pfd 60 T. 11., T. A L. pfd 70 ... T. H., I. A E. com 5 T. H„ I. A E. pfd lo U. T. of ind. com ... U. T. of Ind. Ist pfd 4Vi 9% U. T. of led. 2d pfd 2 Advance-Rutnley Cos. pfd. . 47 Advance-Rumley Cos. com. .17 ... Am. Central Life 19 ... Am. Cresoting pfd 94 ... Beit R. U. pfd 50 Belt It. R. com 62% ... Century Bldg. Cos. pfd 93% ... Citizens Gas Cos 20 City Service com ••• City Service Cos. pfd 64 ... Dodge Mfg. Cos. pfd 86 ••• Home Brewing 48 ... Ind. Hotel Cos. com. 86 Inti. Hotel Cos. pfd 99 ... Ind. Nut. Life Ins. Cos 2 ••• Ind. Title Guarantee ‘1 Inti. Pipe Line 97 ... Indpls. Abattoir pfd 45 Indpls. Gas 44'% ... Indpls. Tel. pfd 90 Indpls. Tel. com 2 ... Mer. Pub. Util, pfd 49 ... Nat. Motor Car Cos Pub. Sav. Ins. Cos 5 ... Rauh Feg. pfd 47 ... Stand. Oil of Ind 97 ... Sterling Fire lna. _’o 7Vi ... Van Camp Htlw. p 90 ... Van Camp Prod. 1 ofd 10° Va*. Camp Prod. pfd 160 Vandalia Coal Cos. com 1 Vandalia Coal Cos. pfd 7 ••• Wabash Ry. pfd 30 Wabash Ry. com BONDS. Broad Ripple 5s 61 ••• Citzens St. Ry. 5s 78 Indian Creek Coal A Mine 6a ... 190 Ind. Coke A Gas 5s , Indpls. C. A S. 5s 91% ... Indpls. A Martinsville 55.... 58 ••• Indpls. A North. 5s 39 44 Indpls. Street Ry. 4s 57% 62 Indpls. A N. W. 5h 47 52 Indpls. A S. E. 5s 45 Indpls., Shelby. A S. E. 5s 75 T. li. I. A E. 5s 53 Indpls. Gas 5s 85 96 Citizens Gas 84% 89 Kokomo. M. A W. 5s 94% •• Ind. Hotel Cos. 6s 97% Indpls. Water 5s 95 ... Indpls. Water 4%s 81 N> Indpls. T. A T 77% ... Indpls. L. A 11. 5a 88 93 U. T. of Ind. 6s 48 Mer. 11. A L. 5s 98 New Tel. L. D. 5s 6% ... New Tel. Ist 0s 90% ... Sou. Ind. Power 6 80% 91% •Ex-dlvidend. Local Curb Market (By Newton Todd.’ —April 27. Pdd. Ask. Am. Hominy Cos. 10 16 Central and Coast Oil % Choate "il Corp. % •% Commonwealth Fin. corn. ... 29 38 Commonwealth Fin. pfd. ... 48 58 Columbia Fire Ins. Cos. ... 8 7% Comet Auto V 4 2 Dayton Rubber Units 42 52 Dictograph Prod, pfd 26 36 D. W. Griffith 3 Elgin Motor Car 2 3% Fed. Fin. Cos. pfd 77 87 Fed. Flu Cos. com 124 133 (It, Sou. Prod. A Ref. .... 6 8% Interstate Pub. Serv. pfd. ... 81 91 Metro, 5-i‘c Store com. .... 3 7 Metro! 5-lOc Stores pfd. ... 19 27 Nat. Underwriting .. 2% 5 Revere Motors % 1* Rauch A Lang Units 20 30 Ru’i. Tex. Units 10% 15% 1 . S Auto Units 35 45 U. S. Mtg. Cos. Units 120 145 bank stocks. Commercial Nat. Gunk .... 74 63 font Nat. Bank 104 114 Ind. Trust Cos 170 Ind. Nat. Bunk 253 205 Mer. Nat. Bank 282 Security Trust Cos 131 140 State Suv. A Trust 94 98 Union Trust Cos 300 ... Wash. Batik A Trust Cos. .. 130 ...

Weather

The following table shows the state of th w.-ather at 7 a. in., April 27, ns observed by United States Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind. . 30.20 40 Cloudy Atlanta, Ga 30.04 62 Cloudy Amarillo, Texas . 29.82 43 Clear Bismarck. N. D. .. 30.42 3 Clear Boston, Mass 29.63 56 I’tCldy Chicago. 11l 30.34 .3(5 Cloudy Cincinnati, Ohio .. 30,22 42 Cloudy Cleveland. Ohio ..30.28 36 Cloudy Denver Colo 30.14 32 Snow Dodge Citv. Kus. . 29.02 52 Rain Helena Mont 30.12 36 Pt( dy Jacksonville, Fla . 30.10 (56 Clear Kansas City. Mo. . 30.08 42 K!n Louisville. Kv. .. 30.12 54 Rain Little Rock. Ark. . 29.88 (54 Kaln Los Angeles, Cal. . 25) s*B 52 Cloudy Mobile. Ala 30.00 70 Clear New Orleans, I,a. . 29.96 70 Clear New York. N. Y. . 29.88 46 Clear Norfolk, Vu. 29.98 62 Cloddy Oklahoma City ... 29.86 58 Cloudy Omaha Neb 30.20 44 Cloudy Philadelphia, Pa. . 25)5)8 5(5 PtCldy I'lttsburgh. Pa. ... 30.20 40 PtCldy Portland. Ore. ... 30.24 14 Clear Rapid City, s. D. . 30.36 34 Bain Rosebnrg, Ore. ... 30,30 42 Cloudy San Antonio, Texas 29.86 58 Rain San Francisco. Cal. 30.02 46 Clear St. Louis, Mo. ... 39,08 41 Kaln St. Paul, Minn. .. 50.40 40 PtCldy Tampa, Fla 30.12 (58 PtCldy Washington, D. C.. 30.02 56 Cloudy W EAT HE K CO N DITIO NS. Since Wednesday morning rains have occurred la the States Immediately south of the Ohio River, and extensively from the middle and lower Mississippi River westward to the Rockies in connection with a disturbance covering the southwest. In parts of Texas nnd Louisiana tlie rainfall was heavy. It is colder la northeastern sections, and frosts occurred last night in northern Indiana and freezing temperatures in parts of Michigan. The temperatures are rising over the northwest, however, from the middle Plains States to western Canada. —White River Conditions— At 7 a. m. today stages in White River were as follows: Decker, 20.3, fulling CORN AND WHEAT BULLETIN. For the twenty-four hours ending at 7 am., Thursday. April 27, 15)22 : Temper- j | atare. j„ Stations of and “’H'S Zd Indianapolis „ca 2 District g'g ZXZnt 25 ft tl ® e-g if c aa u s£3Sc:b£ oSs South Bead 55 |3S I UTGood Angola 57 |52 I 0 | Fair Ft. Wayne 58 i 3(5 | t> | Wheatlield | 33 | 0 | Fair Royal Center ... 52 j 34 j t) i Good Marion 65 l 40 1 0 | Good Lafayette 55 |3B | 0 | Good Farmland 03 139 j 0 j Good Indianapolis (52 44 | 0 | Good Cambridge City. 64 I 41 1 (I | Good Terre liaute .... (54 !42 j 0 j Bloomington 69 |47 I 0 | Fair Columbus 66 !46 | 0 j Good Vincennes 69 |SO ! 0 j Soft I'aoli 69 j 53 | t) | Good Evansville (58 j 54 | 0.04 | J7a.~ARMTNGTdN, ‘ Meteorologist, Weather Bureau. CHICAGO PRODUCE. CHICAGO, April 27.—Butter—Receipts, 6,242 tubs; creamery extras, 38%c; standards, 38%e; firsts, 34%@37%e; packing stock, ltifr/TRe. Eggs—Receipts, 3,000 eases; current receipts. 23ft(23%c: ordinary firsts. 22%c; firsts, 24(f? 24%e; cheeks, 20@2(!%e; dirties 20%<i/21c. < hee < —Twins, new, 15%f?61Cc; Daisies, 15(4(510c: YoDng Americans, 17ffl 17%e: Longhorns, lli%c; Bricks, 14(5:14%c. Live Poultry—Turkeys, 30e; chickens, 27c; roosters, 18c; geese, ISc; ducks, 30c. WHOLESALE beef prices. Th'e following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift & Company: Ribs—No. 2,18 c: No. 3. Xsc. Rounds — No. 2. 14c; No. 3.13 c. Loins—No. 2. 20e: No 3. I7c. Chucks—No. 2,11 c: No. 3.10 c Plates—No. 2. 7c; No. 3.6 c.

GRAIN PRICES CLOSE HIGHER Good Export Demand Develops During Late Trading. CHICAGO, April 27. — Grain prices were higher at the close of the Chicago Board of Trade today. The market opened higher, on bullish | reports on Russian conditions from the Genoa conference and unfavorable weather. Shorts and Chicago Elevator interests sold heavily on the advance and the market reacted. Later good buying for export developed for wheat and corn and a strong undertone was apparent as prices practically reached the high established at the opening. Provisions wore irregular. Mav wheat opened up Vi'' at $1.40 and closed up 1 Vic. July wheat opened up lVic at $1.25% and closed up %e. September wheat opeuen up %e at $1.18% and closed up %c. May corn opened up Vic at 60%c and closed up %'•• July corn opened off Vs" at GOTxc and closed up %c. September corn opened up Vic at Go%e aud closed up %e. , May oats opened up %c at me and closed up Vi' - : July oats opened unchanged at 39T.sC and closed up t%e: September oats opened off Vs c at 41c and closed up %c. (By Thomson A McKinnon.) —April 27 Wheat The decline in Liverpool prices was mainly in sympathy wit a the action of our market yesterday, therefore, was temporarily effective. During the day tlie market gathered strength from seaboard advices showing export business in both old and new crops. Central Europe is said to be a buyer •>( new crop wheat at the best premiums so far. The domestic situation does n -f strengthen, the Hour trade remaining at tow tide, cash wiieat. particularly in the Southwest. being slow sale. This domestic condition is and will be effective from time to time, lint the consistent demand from abroad is the basis of the market and will, in time, be reflected in values. Crop news front tlie Southwest as 11 rule Is favorable, although there are; some complaints of rank growth. ’1 he [ recent rains probably have placed the; crop in its most flattering condition, in | other words, any change in conditions J from this time forward is more likely' to Tie unfavorable. We still feel that as , the crop of North America is the vital; point in the world's situation, and us the; exigencies of growth are still in thej future, it is not advisable to anticipate a 1 continued downward trend. Coran and (tats —Although corn and; outs are largely neglected, there is a ] very evident firmness underlying Dot it of them. The wet weather lias something] to do with ttiis condition, but the strength Is gathered largely fro n n rather persist mt export trade in eorn j md the api . ice ol a for Inquiry, toget . r with some business in oats. Given an opportunity in the way! of revival of general interest, these markets should do tetter. Provisions Dullness had more to do with the provision market than any particular pressure or Item of news. Liverpool lard prices were Arm and a small European trade Is being done. Domestic trade in 1 urrd and fresh meats is of goodly proportions. CHICAGO GRAIN TABLE. —April 27WHEAT— Open. High. Low. Close. May 140 1.41% 13*“* 1.41% .1 111 V 1.25% 1.26% 1.23% 1.26 Sept 1.18% 1.18% 1.16% 1.1*% e< 1 un - May 60% .60% .00% .00% July 03% ,645, .' ;% .65% Sept.... .00% .61% .06% .07' x OATS - May "7 .37 \ .30'. .37% 1 July.... .38% .4" .38% .40% Sep'l II .41% .10% .11 's fork - •May 21.00 LAUD - Mav 10*5 10*7 10 92 10*5 Jul'v 11.10 11.10 11.07 11 to i *e;,'r 11.35 11.35 11.30 11.32 RIBS - May 11.65 11 65 11.00 11.60 jqjy 10.90 10,90 10*7 10.*7 Sept.... 10 97 10.97 10 90 10.90 HYP, - May 1.07% 108 1.07 1.0,% Julv 103% lot 1.03% 1"1 Sept 90% .1)0% .90% .90% •Nominal. CHICAGO < V*II GRAIN. CHICAGO, April 27 Wheat- No. 3 mixed, $1.33; No. 2 hard w liter, $1.39% 1 li-l.tq. No. 2 hard winier, .<!;%%. i'orit] —No 2 mixed, 611/61%.•; No. 2 white,! 01 V*ft/65c ; No. 2 yellow, (.1 %1/t'd %r ; No. ■ 3 mixed. oqr,<.oo%c. No. 3 yellow. CO%® (!•>•%<•; No. 4 mixed. 59c; No. I yellow, oi■% V< 50e. Oats—No. 1 white. 4t(<l, t.3%c ; No. 2 white, 39®4 %e : No. 3 white, 3>® 40c; No. 4 White. 3i (u: .9 %e. TOLEDO SI ED AND GRAIN. TOLEDO. April 27.—(Toverseed—Cash. $14.05; April, $14.05; October. $11.59. Alslke -Cash. $11.50. Timothy -Cash, $2.95; Mav. $2.95: September, S3 50: (>• toiler, $3.15. Wheat < ash. st.42ril.4:| May. 1.42; July. $1.29%. Corn Cash, 65%1/66%r. Oats Cash, 4t'o4oe. liye— Cush, $ 1.99. Barley—Cush, OS'. PRIMARY MARKETS. (By Thomson .V McKinnon) —April 27 Receipts— Wheat. Corn. Oats. St. Joseph.... 22.05* 21.000 Chieago 90.1 (to 199,i50 155.iks) Milwaukee ... 6,000 71.000 76.000 .Minneapolis . 151.00" 9.600 22,000 Duluth 95.000 St. Louis 24,US 1 10.000 24,um Toledo 7.out S,(KM 2.000 Detroit 4.00" 0,000 2,000 Kansas City. 170,000 64,000 9.000 l'eoria 43.000 32.000 Omaha ds.'KM 102.000 20,1*0 Indianapolis... 7,000 32,000 12,000 Totals 620,000 508.004) 354,000 Year ago... 045.090 358,000 521,090 —Shipments - Wheat. C"rn. Oats. St Joseph.... 41.009 27,000 2,000 Chicago IUUMO 511.000 1*7.""0 Milwaukee ... l.'Ht 95.000 52,009 Minneapolis . £B,OIO 14,0e0 112,000 Duluth 5.000 •/.•••• St Louis 55 000 (Ml.ooo .11,090 Toledo 13,000 5,000 Detroit 4.000 Kansas City. 115,000 21,000 ..000 Peoria . 2,000 23,00" 59.000 oinaha 125,000 109.900 50.(Ml Indianapolis... 6.000 17,000 2P.QQQ Totals ... 521.009 8*2.000 510.000 Year ago... 703.009 515,u0 400,000 —Clearances—- ' Wheat. Corn. Oats. New York.... 105,000 111,000 83.000 Boston A- 000 Baltimore $6,000 New Orleans. 76,000 171,000 Totals . ISM) ,000 368.000 83,000 Year ago’.. .1,059,000 172,000

INDIANAPOLIS CASH GRAIN. .—April 27 Rids for ear lots of grain and bay at the call of the Indianapolis Board of Trade were: , Wheat—Easier : No. 2 r"d, $1.4,1® 1 4,> ; C,, r ii—Easier: No. 3 white. 61(962'-: No. 4 white, 60(1161 e; No. 3 yellow, 60f961e: Vo. 4 yellow. 59(1)tiOe: No. 3 mixed, 59@ GOe; No. 4 mixed. SSDS9(\ Oats —Stc:yly: No. 2 white, 40@-ll%c; No. 3 white, 39(5.40c. Xlav Steady: No. 1 timothy, $19^19.56: No. 2 timothy, $18,500/19; No. 1 light clover mixed, [email protected]; No. 1 cloves, [email protected]. —lnspections Wheat —No. 2 red, 1 ear; No. " red, 2 cars: No. 4 red, 2 cars; total. 5 cars. Corn —No. 3 white, 2 ears; No. 4 white, 4 cars- No. 4 yellow, 4 cars; No. 5 yellow, 7 cars: No. ti yellow, 4 cars: sample yellow. 1 ear; No. 3 mixed, 2 ears: No. 4 mixed, 2 cars; No. 5 mixed. 2 cars; No. 0 mixed. 1 car; total. 29 ears. Oats —No. 2 white. 1 oar; No. 3 white, 5 cars; No. 4 white, 2 cars; sample white, 1 ear; total, 12 cars. Rye—Sample. 1 ear. Hay—No. 1 light clover mixed, 1 car; No. i clover mixed, 1 car; total, 2 cars. HAY MARKET. The following are the Indianapolis prices for hay, by the wagon load, delivered in Indianapolis: Hay—Loose timothy, $17@18; mixed day, $16@17; baled hay, sl7@lß. Oats—New, per bushel, 42@45c. Corn—Both old and new, per bushel, 60 tatSOc. WAGON WHEAT PRICES. Indianapolis Hour milts and elevators yesterday were paying $1.35 per bushel for No. 1 red winter wheat; $1.33 for No. 2 red winter ana according to teat for No. 3 red winter. 1

HOGS ARE 10 TO 15 CTS. LOWER Cattle Prices Again 15 to 25 Cents Higher. RANGE Ot HOG PRICES. Good Good Good April Mixed. Heavy. Light. 20. r >[email protected] [email protected] [email protected] 21. 10. 40 @ 10.50 [email protected] 10.50 22. 10.65 ©10.75 10.60 © 10.65 10.75@1085 24. 10.50® 10 60 10.45® 10.50 [email protected] 25. 10.40 @ 10.50 10.35 @ 10.50 [email protected] 26. 10.60 @ 10.70 10.55 @ 10.70 [email protected] 27. [email protected] [email protected] 10.60 With receipts close to 7.000 and the demand none too brisk, swine prices were 15c lower generally in trade on the . local livestock ■ exchange today. There was a top of SIO.OO on light swine, and the bulk of the sales were made at $10.55(510.60. After the opening, trading became a little more active and before the close of the forenoon hours if fooked as if there would be a fair clearance for the day. There were again but few heavy swine on the market, the bulk of the receipts being lights, light mixed and mixed. Cattle values were again better, ad vnnees of 15@25c being made. These advances were due principally to light receipts, although there was a fair demand displayed by packers. There were only 000 cattle on the market. Cows and heifers were around 15<®25c higher, yvhile steers and bulls were fully 25c higher, fanners and cutters were strong, as were stoekers and feeders. Veals were 25(b.50e lower, with receipts for the day close to 800, the shipping demand rather slow aud the quality none too good. There was a top of $8 50 on good veals and an extreme top of $9 on a feiv choicp veals. The bulk of the good veals brought $8 <a 8.50. With around 100 sheep and lambs on i the market prices ruled steady. HOGS. 100 to 180 ills, average $10.6"@10.65 Over 300 lbs 10.40 150 lbs. to 300 11)8 10,50® 10.65 Best pigs, under 110 ll.s [email protected] Top 10.65 Ron aha 8.50® 9.00 Stags 5.50® 9.00 Bulk of sales 10.60 —Cattle— Prime corn-fed steers, 1.000 to 1,800 lb* B.oo@ 8.50 Good to choice steers, 1.200 to 1.300 lbs 7.25 Q 7.75 Good to choice steers, 1.100 to 1.290 lbs 6.75@ 7.25 Good to choice steers, 1,000 to 1.100 ltis 6.00@ 6.23 Common to medium steers 800 to 1,800 lbs 5.75@ 6.00 —Cows and Heifers— Good to choice heifers B.oo® 8.50 Medium heifers 7.50%; .8.00 Common to medium heifers.. 60.5".7. 7.00 ' .io.| to choice cows 0.50® 7.25 Fair to medium cows 4 7'17 0.0" fanners 3 00@ 4 00 Cutters 3.0,t@ 3.75 —Hu Its— I’aticy butcher bolls 5.75® 6.50 Good to choice batcher bulls.. S.OOCx 6.25 ills 4.00@ I 7 ■ Light Mogna bulls 3.50® 4.00 Light common bulis 3.25@ 3.50 —Calves— Choice veals B.oo® 9 00 Good reals 7.50® 8.00 Medium veals 6.50® 7.50 <'ommon to heavyweight veals O'"if" 0.5" Lightweight veals 5.50® 0.00 —Stockers and Feeders— Good to choice steers under 800 It'S 0.25® 7.50 Medium cows 3.006/ 4 0" '..md iiiws 3.75 ft/ 4.75 Good heifers 6.09® 7.00 Medium tng"od heifers 4.50 j. 000 —Sheep and Lambs— Cull ewes 2.50® 5.00 (bind to oho; A esves 5.50® *3O Bucks 2.softi 3.50 Clipped lambs 10 ttoft/12.50 Wool l,iintis 12."0ft/15 On Springers [email protected] Buck iambs 0.0"® 7."') Cults 4.Uo(ti 0.00 Other Livestock CHICAGO. April 27. Hogs-Receipts. 31,900; market, active and steady to 5c lower: in.lk of sales. $9 99/1/10.00; top. clniMi; heavies, $10.251/10 35; mediums. .MO 10,10; lights. slo.s"ft/10.9": light lights, $10.2"®: 10.5"; heavy packing sows, smooth, s i :;5ftz9.05: packing sows, rough. :.1 156/9 15: I igs. $9 257/10.25. Cattle—lte- • vipts. 13.000: mark'-', generally steady; bes st" rs. choice and prime. ss.osftz 925 : medium and good, $7.65®8.05: good and choice. $5.35®9.10; common and medium, $0.9""/ 8 ,'ls; butcher cattle, heifers. $5.63® smt: cows. $4.05(7/7.35; bulls. $4,257/0 00; canncrs and cutters, cows and heifers. $3 50ft t I 65: c/inner str rs. $4 251/5 59; veal lives, light and handy weight, $6.26® 8.23; feeder steers (not quoted) ; Stocker steers.

An Interesting Situation The capital of an enterprise which is not subject to the hazards of industrial conditions generally—none of which is invested in buildings or equipment—represented either bv cash or its equivalent, in finished merchandise at 80% of its manufactured cost, or hills receivable —with the company earnings guaranteed by contract —is an unusual situation and its stock is a well secured, good investment. All of these circumstances surround the 7% First Preferred Cumulative Sinking Fund Stock of the Van Camp Products Company, which is the distributing and selling agency for the Van Camp Packing Company, manufacturers of standard food products, now over 50 in number, including pork and beans, soups, evaporated milk, catsup, spaghetti, hominy, vegetable shortening, soaps, salads and cooking oils —nationally known since 1861. Under provisions of the contract with the Packing Company, Pin Products Company has a guarantee of gross earnings, payable monthly, of Two Million Dollars ($2,000,000) per year, subject to this company expending $1,150,000 in sales expense. Since incorporated in 1012, the Company has paid all dividends required and, in addition, lias built up a surplus of more tnan Light Hundred Ninety-three Thousand Dollars ($893,000). The average annual earnings for the past 6 years have been over $295,000 more than three times the required dividend oil the company’s preferred stock issue. If 1921 the Van Camp Products Company earned net $297,680.11, more than Z/z times the dividend on its stock. The company s net quick assets are over 2/ z times the whole preferred stock issue. After dividend payments, 1Q r r of the net earnings each year are set aside for the purchase of First Preferred shares at not over 110 and accrued dividends. SIOO shares—quarterly dividends payable on flic first days of January, April, July and October—exempt from all taxes in Indiana and from the Federal Normal Income Tax. Wc recommend this stock 1o conservative investors as a Good Investment, to yield the investor l c /o interest. ©Fletcher American Company Second Floor Fletcher American Bank Bldg., Indianapolis, CHICAGO. ILL. DETROIT, MICH. SOUTH BEND, IND. LOUISVILLE, KY. 105 S. LaSalle St. 520 Dime Bank Bldg. 402 J. M. S. Bldg. 511 Central 4190 Mnln 6203 Lincoln 2042 Main and City 2376 Orders nmy be telephoned or telegraphed at our expense. Licensed Dealer Indiana Securities Commission Certificate No. 2. All statements herein are official or based on information we regard as reliable,.and while we do not guarantee them, they are file data upon which we have acted in the purchase and valuation of these securities.

[email protected]: stocker cows and heifers. $4.15 @5.90; stocker calves. [email protected]. Sheep and lambs—Receipts, 12,000; market, steady to 25c lower; good to choice lambs. [email protected]; cull and common lambs, $9 (§'l2; yearling wethers, [email protected]: ewes, s'@9.so; cull and common ewes, $3.25@7. CLEVELAND, April 27.—Hogs—Receipts, 5,000: market, steady to 10c lower; yoiNers, mixed and mediums, $11.15; (iigs, $11; roughs, $8.50; stags, $5.50. Cattle—Receipts, 200; market, strong. Sheep and lambs—Receipts. 1,000: market. steady; top, $15.50. Calves—Receipts, 30(1 market, slow; top, $9.50. CINCINNAI, April 27.—nogs—Receipts, 5,300; market, steady to 5 to 15 cents higher: heavies, mixed and mediums. $10.75(§,10.85; lights, $10.60; pigs, $10; roughs. $8.50; stags, $5.25. Cattle—Receipts, 700: market, steady; bulls, steady; calves, $Bl/8.50. Sheep and lambs—Receipts, 700; market steady generally ewes, $7.50; clipped ewes, $5.50; clipped lambs, sls; springers, sl9 and down. PITTSBURGH, April 27.—Hogs—Receipts, 2,500; market, steady; prime heavies, $11; mediums, heavy and light yerkers and pigs. $11.25®11.35; roughs, $5 @8.60; stags. [email protected]. Cattle—Receipts. light; market, steady. Calves— Receipts, light: market. 50c higher; vent] calves, sl9; heavy and thin calves. ss@7. Sheep and lambs—Receipts, 1.300: market, steady; prime wethers, $9.251/9.50; good mixed, [email protected]; fair mixed, $6.50 @7.50; culls and commons, $2.50®4.50; choice lambs. $15.75; springers, $22. EAST BUFFALO, April 27.-llogs Receipts, 1,129: market active; yorkers, $11,251/11.35; pigs. $11.25® 11.35; mixed,! $11.23® 11.35: heavies. slll/11.10: roughs,; s*l/9; stags, $-1.50® 5.50. Cattle—Re-; ceipts, 75: market slow; shipping steers.! $5.25@575: butcher grades. $Bl/8 69; heifers. $5.50®8; cows, $2.25®6.50; bulls, $3.7,">@5.50; feeders, ss@6. Calves—Receipts. 400; market slow; mill to choice. s3l/9.50. Sheep and lambs—■ Receipts. 600; market active; choice lambs, $5,591/17; mill to fair. sS@l3; yearlings, $S@lO; sheep, $Bl/10. EAST ST. LOUIS, April 27.—Hogs— Receipts, 1.090; market, 5 to 10 cents lower; mixed and butchers, $10,251/10.45; good heavies, $10.25® 10.40; roughs, $8.75 @9; lights, $10,501; 10.45; pigs, s9l/10.25; bulk of sales, $10.30® 10.40. Cattle—Receipts, 1,560; market, steady; native beef ; steers, $8,561/9.25; yearling steers and heifers. $8.50® 9.25; cows, s>-751/0.75: stoekers arid feeders, ssl/7.25; calves, | $4,501/8.50; canncrs and cutters. s3® 3.85. j Sheep and latnbs — Receipts. 600; mar- ; ket, steady: mutton ewes, $8178.50; good to choice'lambs. slsl/17.50; canncrs and] choppers, [email protected]. 1 In the Cotton Market NEW YORK, April 27.—There was a fair demand for cotton at the opening today, prices advancing 3 to 11 points. Ir was based on further heavy rains in Texas and reports of floods from the Southwest. Liverpool, spot houses and Wall street were among the buyers and New Orleans and commission concerns sold. The list later met scattered local selling and eased off 4 to 6 points. New York opening cotton prices: May, 1085 c; July, 17 73c; August. 17.*0c; Oc-tob-r, 17.72 c: December, 17.80 c; January, 17.77 c; March. 17.82 c. The market was steady in the late dealings closing at a net decline of 1 to 10 points. Spot cotton was quiet, being 5 points lower at 18.15 c. —Cotton Futures — open. High. Low. Close January 17 77 17.77 17.58 17.65 March 17 82 17*5 17.69 17.6!* May 18.05 18.11 17.97 17.99 July 17 73 17 75 17.57 17.69 October 17.72 17.78 71 61 17.05 December 17 so 17.84 17X6 17.70 —Cotton Review— NEW YORK. April 27. —..eavy rains were again reported today from Texas and Arkansas. The market, however, does not respond readily to these reports and thus discloses a weakened technical situation. It is quite likely short interest has been somewhat eliminated and has reduced the buying power. A private estimate published this morning places the acreage increase at it per cent and confirms the late start in a portion of the belt. The •underlying factors are favorable to the market, moderate supplies and increasing trade, and on th ; s basis we continue to favor the long side and ; would buy the new crop options on the , reactions. LIVERPOOL, April 27.—Cotton was in fair spot demand today. Prices were easier and sales close t" B.mio bales. American middlings fair. 11.75d: good middlings. 10.70; fully middlings. 10.35d; middling. 10.20/1; low, 9.75><i; good ordinary. 8981; ordinary. 8.4"d. Futures were quiet.

TANARUS/ Unlisted Stocks newton SSLL i See Local Curb Market 415 Lemcke Bldg. : I ULU

APRIL 27, 1922.

MAY PETITION FOR CONCRETE Fiftieth Street Residents Must Name Material. Property owners In Fiftieth street between Pennsylvania street and Central avenue, may have their street improved with two-course concrete If they present a majority petition for this material, the board of public works told a led by Frank Wooley. The owners came to the board when they learned it had rejected all bids because there were no bids on asphalt. Some of the owners previously hail expressed a preference for concrete. City Civil Engineer John L. Elliott Monday recommended a preliminary order for two-course concrete, but the board decided to throw out the bids Instead. Out of Frying Pan Into Fire for Him; Cheats Uncle Sam CHICAGO, April 27.—David Wolman got board and lodging for three months from Uncle Sam, but now faces paying the bill. Wolman, a sailor, was discharged from the Navy a year ago. Failing to get a job, he arranged with a friend to turn him into the naval office at the Great Lakes Training Station as “Alike McCarthy, deserter." A sai'.or by that name really was listed as a deserter. The friend collected SSO for reporting the deserter, split it with Wolman and disappeared. Wolman pleaded guilty to desertion and was sentenced to serve two years. A week ago getting tired of confinement, Wolman wrote Secretary of the Navy Denby and told him his real name and asked for release. War rent s were issued for him today, charging scheme to defraud the Government by obtaining money under false pretenses. Bandit Picks on 4 Policewoman's Son The son of a policewoman was feported today as a victim of a downtown hold-up late last night, E. H. Marshall, 909 Marlon avenue, lost $5.50 when one of the local hold-up men—there seems to b e several of them—poked a revolver In his face as he walked in Pearl street between Pennsylvania and Meridian streets. Steele Painting for Art Gallery BEDFORD, Ind., April 27.—“ An Afternoon in Autumn" an oil painting, by 1. C. Steele of Indianapolis, has been purchased for the permanent art collection in the Bedford High School gallery, by the Ladies of the Round Table, the oldest literary club In this city. The picture is valued at S4OO. SILK-STOCKING STRANGLER. BRIXTON, England, April 27.—Miss Lillian Otham was found strangled here. Anthony Caster is accused of having used n silk stocking to choke the girl to death. CHICKEN ANGERS SOVIET. MOSCOW, Aprii 27.—Soviet officials ordered Michael Alexieff flogged because after he had made a plea for food investigators found his entire family eating chicken. FOUR DAYS IN OPEN BOAT. DEAL, England. April 27.—Charles Spicer and Edward Giddens reached shore after passing four days inN an open boat at sea. They had no food or drink during this time. MUSICAL SHOWS FAIL. LONDON, April 27.—An analysis of fbe theatrical business shows that the vast majority of 150 new musical plays produced during the past year have been failures.