Indianapolis Times, Volume 34, Number 301, Indianapolis, Marion County, 28 April 1922 — Page 22

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MARKET UNDER PRESSURE OF REACTIONARIES Irregular Upturns Interrupt Movement to Lower Levels. HEADLINES l NSETTLING Special tr* Indiana Daily Times and Philadelphia Public ledger. BY MONITOR NEW YORK. -April 28 -Throughout most of Thursday's session the market was uutler pressure, and while irregular upturns interrupted the downward tendency the movement as a whole was reactionary. It could not !>e said that the market was weak, for such declines as occurred were "orderly" to say the least. Selling emanated from various sources. Part of it represented profits taken by those who had failed to do so higher up. still others sold to take moderate losses fr fear that the market might run into a real break. Undoubtedly there was also then usual quota of offerings from professional bears. Headlines were sufficiently unsettling, or upsetting, to check buying demand. The timid ones placed an alarmist construction on Lloyd George's speech emphasising the necessity of co-opera-lion and regretting the absence of .America from the conference. Altogether, the news from Genoa exerted a marked effect on sentiment, Feeling was not reassured by tiie comparatively firm early showing of the major exchanges. Declines were general throughout the list, and no one of these call for special comment. On the other hand, thcr ■ were a few marked examples of strength represented by New York Air Brake, Lake Eric and Western. American Radiator and Chicago and Eastern Illinois issues. The chief incidents of the day were trade public after the dose Evidently the declaration of the regular dividends en Bethlehem will surprise some of the professional pessimists. The sale of New York Central’s interest in Lake Erie and Western appears to have been consummated at a price lower than was registered by the preferred stock in the day's market. Comment late in financial circles disclosed a feeling of pronounced hopefulnets anti t ■ belief that the reaction had alto* run its course. Th s was based largely on the reported German attitude toward Lloyd George's politics at Genoa. —Copyright, 11122. by P lblic Ledger Company. WALL STREET GOSSIP BY MONITOR. NEW YORK. April 28.—Despite various rumors to th** contrary whi-h have boon afloat in the Street f.r some time. Bethlehem Steel yesterdnv le-lar- t the regular dividend- on huh the -omtnon and the preferred i*. n. s. In iterview after th meeting. President Grace s'aTnl th.nr notwithstanding the fact tha’ divbbmd requirements were not earn. I during the • uart-r. rue directors fit justified in declaring the usual dividends in view of 'he surplus earnings a,- umula’* ,1 during the past year, the and •cided improvement in business as refieeteu in the 'narked increase in the volume of orders at higher i*ri es. and the strong position of the corporation. New York Central hr- sold it- eon-!r-i’ing interes' in the f ia> Erie & Western t<* the Van Swering interests, which .onrr-d the Nickel PI to. A II Harris vice eresident of the New York Central confirmed the sale yesterday. Y.-w VTk Central owned 59 100 share of preferred, the whole being sold r,r Ssl.fHJfl.oOA This purchase by he Cleveland inur-sts is in line with i>> consolidation plans outlined by Wiiaut /. Ripley. which excluded th- Lake 'lri- .1 We- ro from the New Y'erk Central svstrni. It will he recalled that th" Van Sweringens recently acquired control "f i he Clover Leaf. New York Airbrake was decidedly firm, and established anew high, showing a net gain of 0 points early in the day. The prospects of this company are said to be very bright at the present time, and it i believed that the plants should be working at full capacity by May 1 The Gulf State Steel's report for the fir-t quart-r shows tof operating income •■f *166.906 and a balance, aft ?r taxes. c.. ..f $80,316. Traders are luoking for r rat’oer i.n'uorai le Midvale Steel r port to 1..- i---e‘*i within the next f. w day s, as this '• : -rt - utnid show about the same a- - • .. Si PS Steel lor It io i :*-d the Bethlehem Steel reports, tint it is belt-V 1 tha t tile report in"M also show the same steady rate of improve..o nt. With the Vising tei • m - ket as a whole apparently ciie-ku for the time being, traders are a*?inifing to analyze the inherent strength of the market liases. There is no Imdinatioi to look for n continuation of the s’lrte series of explosive advances, as it is rr-al-ir* I that the first heavy burst of buying has spent its fop -*. Longs who accumulate! their stock eons!d“r .blv below today's levels are apparently taking profits, and this move must be completed before a secondary movement run be exoocted. and it is t'-e basis of th" secondary move that is being 'in-ile: ! Despite the tremendous bond offerings over the ?>k' two month-, the money market s'ill exhibits considerable resllieney. It i believed the bankers arc supporting this market. It is not consid ,I probable that it will be allowed to lag iinril thos o new issues have been fully absorbed. Computing & Tabulating will hereafter issue ii-pons quarterly, and the statement for the first quarter of this year is due in the near future. It is undrrstood tha* the statement should showfirst quarter earnings at the rate of about <12.50 per share, and the srd, k is ••obling sr-.il on the strength of this belief. The earnings of Replogle Ste-d f or ti,p first nno'.rr amounted to $91,475. or a net of $77,576 after payments on current ioa n s. The I.ehigh Valiev report for the first quarter will show operating revenues of N17.?6<*535. as ag.air.s! J 17.622.875 last year tor tile sumo period Opt rating ex pen sis. however, -how a substantial decrease and amounted to but <I4.UK >.584 rg.aiiist <l'.--14.771. Net income for the period was 52.104.441 ngai list but *1.499.049 The most enconraging thing about the report is the operating ratio, which has dropped to 83.2 per cent this year as against 105.1 per cent last year. The rail storks nr- marking time pending th- Interstate Commerce Commission rate decision In local railroad circles it is believed that total rate cuts will amount to a hour $250.000,0110. this including u 10 per cent cur on cial amounting to <H0.fi90.900 plus $55.000.0(10 which would be lost to the roads through the extension of the voluntary 10 per cent cut on certain agricultural products .aggregating 55u.0uq.000 and by a It* per rent cut on some basic building materials which would amount to about 590.000.000. It is also expected that the wage decision may lie expect J to lie operative by July 1. and it is the opinion of railroad men that the roads are conservative in looking for a decrease oi about *250,000.000 in their wage bill, which would make the rate cuts about a standoff. The roads are asking for total wage cuts of .<.".50.n0a.000 including train service men. but hardly expect to have tlieir request granted iii full.—t e*.ight, 11*22, by l'ubiic Ledger Company. Chicago produce. CHICAGO. April 28. —Butter— Receipts. (1.500 tubs: creamery extras, 39%c----standards. . v 9*-; firsts. 35/*/:;s<-; packing stork. 160 ! Sc. Eggs TA- ceip‘s. s.<ni*i cases: current receipts, "UVifukllc: ordinary firsts. 21%0'22e: fir-!s. 23*541240: cti' i'ks. 190720 c; dirties. 20020%c. Cheese —Twins, new. 15%'*/ 16c: daisies. 15%0 Me; Young Americas. 17'- t7■_ -; longhorns. 10%c; bricks. 140 14%c. Live poultry—Turkeys. 30c: chickens. 20c; roosters, 17c; geese, 18c; ducks, 30c.

N. Y. Stock Exchange (By Thomson A- McKinnon) —April 28— Advance R. com. 18% 17% 1814 18 Ajax Ruldier .. 10% 16% Hits 17's Allied Chemical 05 *WS 05 05 Allis-Chalmcrs.. 50 4D 1 4914 4914 Am. Beet Sg 4014 40*4 40*4 10 Am. B. Mag 45% 44% 44% 45 Am. Can 47% 47 47% 40% Am. C ,V Ed...HU 104**4 100% iOO Am. lee WO 11*414 100 100 Am. 11. & 1., pfd. tvs'.4 os tvs 14 tvs Am. In. Corp... 45% 44% 45% 44 Am. Locomotive 114 1 - 114 114*4 14 Am. Steel Fd ... 38% 38% 3'% .'VS% Am. Smelt. A- it. 50 55*4 50 55 Am. Sugar lief. 75'; 71% 75% 7)% Am. Sum. T. Cos. 04'- .'e'l% 00% 00 1 ... Am. Tel & Te 1.121 s 121% 121% 122% Am. Tobacco ..109% 138% 109% 138% Am. Woolen .. 91% 90% 9!%. 90% Anaconda 52% 51 % 52 53 % Atchison IMI% 99% I*o% 100 At. Coast L. ..Us* lot* 100 99% At. Gulf AW. I.? 2% 31 02% 31% Austin Nickels . 24% 24% 24V- 2414 Baldwin Loco. .1:5% 1U' 3 11514 114% B. A O. ...... -ii 4o % 41 40 Both. Steel <LV* "s% 77% 75% 70% Brook Rap. T. . 21% 2114 21% 21% California Fete r*s : % .*4 *<. 55 51% Can. Hue. By. .111% l% 141% 109% Central Leather .17% 07% 07% 07% ('hand. Motor .75 70% 70% 70 C. Al.) 'VS% 00% 6-5% til C. M ASt.l*. Com. 20% 26 2*-.% 20% t'.MASt. I'. pfd. 45% 42% 40% 42% Chicago A N. . 71* . 74 71%. 70% C. K. I. A I'. 45% 14% 45% 44% C. RIA-rti'f pfd. 5.% 82% 82% 82% C.K.I.A 1‘ 7% pld 97 !*si.j 97 9*l Chili Copper ... I s % Is Is% 18% Comp. A T. .. 77% 76% 77% 70% Cluett A I*. ... 50 50 7,3 50 t'oli.mbia Gas.... 87% 80% 87'- 85% Colum. Graph 5 4 4 4% 4% Coca Cota 56% 55% 55% 52,% Consol. Gas 110% 115% 115% 115% Continental Can 05 05 05 Corn Freds 104'-. 101'- 101% H 2 Crucible Steel... 04% 00% *ll- , 00% Cub. Am Sugar. 22 21% 21% 21% Cub. C. Sugar.. 15 '■ s 15% 15% 1 -5*._. Dei A Leek 115% 115 115% 115% Dome Mines... 20% 20 20 20% Erie 11 10% 14 10 - Erie Ist pfd 25% 22% 20% 22% Kndicott A- .1 S-i 84 84 s+ Fain. Flayers... S! so so% so'._. Fisk Rubber Cos. ls-% ls% l-% 18'Gtn. Asphalt . 02% id % 01% tk* .• (Jen. t'igars ... 72 72 72 72% Gen. Electric .10,:. I"2_ !"2 101 Gen. Motors .. 12% 11'- 12% l’ 7 s Goodrich 41 40% 41 40% Gt. North, pfd.. 74 75 - 7 1 70% Gt. North, ore 4< t 09% Oil's 40 Gulf S. > --% V , 82 St Hupp I S % ls% Ist- 1 S % Houston Oil ... 77% 77% 77% 70% Illinois Central.los% 105% 105% b 7 Indiahoma 4% 4 % 4 % 4% In. Copper .... 4o 4" 40 09% Inter Nickel ... is - 17% is - 18% Inter, paper .. 4s'- 17% 1' -iT I -- In. oil 17% 17a l> : s Kansas City S. 25% 27% 28 , 28 Keilv Spring. T. 19%. 45% 49% is% Ken 11. Copper. 30'% o''% 50% 0 - Lack. Steel ... 50% 55% st;-j 55 Lee Tire A R. 05% 52 - 55 32 - | Lima Loco. ...11" 109% l<r.'% 10-% t I.ehigh Valley . 02%. 02 02 01% Loews, in, 17% 17% 17% 17'. Martin Parry :;i 7.0% 0] :ai% Marine com ... 2-. - 22% 22 7 - 22 , .Marine pfd.... 84% 52% s-l , s_ % j May Stores.... 119% lls% lls% 117 , ; Maryland oil.. 29 : -* 2* ■■- 29% 25% ; M.-xican Pet.. 15.1 12-% 101 12'%. . Miami Copper.. 29 2'% 2'.* 2S'% Middle s nil.. l’% if*, 1,% 11% Midvale Steel. 57'_. OO'-j 37% 56% Missouri-P Ky 24% 25 - 24% '20% Mo-Pac Kv pfd 57 40'.. 57 50% M-.it A Ward 22 % 21% 22% 21% Nevada Con G 16 - ]6% in - in • N Y Air Brake so 7-% >0 77 N Y Central.. 90% Si* , 90% New Haven. .. --% 20 7 5- . 20% Norf. A West. 107 10.'.% loo*% P>s% North. Pacific. 751.. 74 , 74% 75 Ilk. Pro. A Ref. 3% 35% 3% Owen Bot. com 05 35 05 04 - Pacific oil 58% 5s , 57-', Pan. Am Pete. 02 01% 02% 01% l'ennn. Ity 4U% 41% 41% -41% People’s Gas... 87 sr,% so% s ( ; I'cr - Marquette Ou , 29' . 3*% 29% I’leri • Arrow .. 224* 21% 22% 21% Pierce tiil 10% 9% S■- 9 7 * Ptilmn. Pal. Car.l24 120% 121 124%. Pure Oil 30 7 - 33% 33% Ky. Steel Spgs K*l% ltd 101 l'K*% Reading “0% 70% 76 ’, 76 Rep. Ira. A St!. 01' . 3*’, 01 ’ . 5'% Reploglc Stc I. 31% 31 . 31' .. '.1% I'.yl. lch. N. 1 01% 01 01 . 01% S.-ars-Roebuck. 75 : _. 74% 75% 74% Sinclair 31% 30% 31% 30% sS. S. A I 44%. 45% 40', . So. Pacific 89% Sl' s'O . 'l* Southern My... 25% 2i% 24'- '2 i■ St.l. A S.Wlt.y. 31 % 50 3’.% 29", Stand.O. of Gal.lll 107% 111 1-7 Stand.*. us N.J.153% 179% IK! ITSt L. A S.F.'-oiu 01% 29 01% 29 Strom. Garb 51' . 52 - 53 7 , .51'--Studebaker 120 1.!'% 119% 117% T-x. Gas A Sul. 44 43% 40% 40'% Tex. Goal A Oil 27% 26% 27 27% Texas Cos 40 45% 40 45% Toxas A Pacific. 51 33% 34 33% "fob. Products... Os':, i',s% c,s - 6.5% Trans. <*ii 11 * a 11 11% 11 Fnion * >il 22 20% 22 29% Union Pacific ...137% 137% 107% 130% United Drug... 71 09% 7! 09% United Fruit ....1)2% 141% 112 U. S. it. Stores.. 50%" 49 5U 7 50 - I . S. Cast iron P 30 I 25 - 33 I 33% 1 . S. In. Alcohol 51' 7>o 5* ’> !'. s 1:11 i >l >< r . 04 7 - ot 01- ':.'!■% F. s. Smelting.. 59 ' 59 . !*:; ;>!*% I . S. Steel '.is 97 ’ *.*7 , 97 t . S. Steel pfd .119% 119 liP ■ I!'' , ( tab Copper .. (55% 64% 05% 05% Vanadium Steel 41% 11 41% 41% Wabah 111% 10% 10% 10 , Wabash Ist pfd 01% 31% 31", 31 . Worthington I’. 52% 52 52 52 West. Pacific .. 22V, 22 22 22% Western Union 97V. I*7 l ■’ 97' . 97% West. Airbrake.. 91 ■ 94 ’ 91 94 W.-st, Electric.. 62 01 01% 01% White Motors.. 40% 4040 40', Willx--Overland S 7 , 7% 7 White Oil I**' 9% 10' , 9% Wooiworth 163 " 162% 103 101% Wilson A C 0... 40 10 4040% NEW YORK LIBERTY BONDS. April 28. High. Low. Close. Close. Pr. '. I.ibortv fitss. .. 90.00 2.50 tf.1.50 94.42 Liberty 1-' 4s 99.41 Liberty 1-' 1%.s . 99.5s 9. *00 99.00 99.71 Liberty 2d 4%-. . 99.70 99.02 99.0) 99.70 Liberty 3d 4%s 99.9''i 99 sj 99. 5i 994.11 Liberty 4th 4',-. 99.9S 99 -0 99'as 99.96, Victory 3%s 100.02 100.02 Victory 4'i s. ... 109.00 10 1.5S 100.04 10*1.04 CHICAGO STOCKS. (By Thomson A McKinnon) —April 2S Open. High. Low. Close. Arm. A Cos. pfd.. 90% Armour Leather 12% C. (’. A C. K. pd. 8 8% 8 8 t'hi. El. My. pfd. 5% Contin. Motors.. !• I ice re A 1 ... pfd. 72 72 71% 71% Diamond Match. 113 Lii.bv M. Ncill .. 3 2" 2 Mont. Ward 21", 21% 21% 21% ' Natl. Leather 2% Nat. Leath., new 9% .... Pick A- Go 26% I’iggl.v Wig. A.. 44", 45% 11% 41% Me.. Motor 24% 24% 24 24 Stewart Warner 39'-. 59' • 39 5!*% Swift AGo 12 * I**2 Ml'.. 101", Swift In*l 20 20 19% 19% i'lioiup. (.1. M.l. 4S 'lion C. A C... 57% 57'-, 57'. 57V. Wahl IT, 67%. 66 67% Wrigley 102 Yellow Taxi 77 78 77 77V* NEW YORK PETROLEUM. NEW Y'tiMK. April 28.—Petroleum prices were steady in trade on th • maria t 1 * day. Pennsylvania maintaining its long stcioi iig quotation of <3.25 per barrel. NEW YORK HIDES. NEW Y'UMK. April 28. Hides were firm on the market here today, native i holes selling at 13c and branded steer hides at 12c per pound. NEYV YORK YVOOL. NEW YORK, April 28.—W00l prices ruled firm on the market here today, prices . f the past two week* being well mantained. NEB YORK Tl RPENTINE. NEW YORK. April 28.—Turpentin sold r,t ;*:; 1 -jo per gallon on the market here today. YVHOI.EBYI.K BEEF PRICES The followiug are todays wholesale prices for beet cuts as sold on (he In dinnapolis rrarke-s of Swifr A Company. Ribs—No. 2, 18<-: No. S. 15c. Rounds— No. 2. 14c: No. 3.13 c. Loins —No. 2 20c: No. 3,17 c. Chucks—No. 2. 11c: No 3.10 c Plates—No. 2. 9>; No. 3.6 c.

STOCKS REGISTER FAIR RECOVERIES I Republic Steel Makes Sharp Gain—Oils Strong. NEW YORK. April 28.—The stock market closed steady today. Many of the leading stocks were in fair demand in the last hour, making gains of around 1 point. < il issues were strong, Standard Oil of New Jersey advancing nearly 5% points to 185%, and .standard Oil of California showed a gain of nearly 4 points at 99. Mexican Petroleum rose to 113 and | Corn Products advanced 3'% points to f 164%. | Canadian Pacific was the leader of the trail group, touching 141%. an upturn ot i over 2 points. Republic Steel had a sudden sharp ad- ! vance in the last te w minutes to 61%, a ! gain of over 3 points. Government bonds were unchanged and railway and other bonds steady. Total sales of stocks for the day were 1,965,000 shares. (By Thomson & McKinnon.) April 27 There was a decidedly better tone to the market today, but there was an absence of that enthusiasm that we have witnessed i uthe trailing during many ol the big days of ‘his-month, i This is due to ‘he fact that some doubt was created l,y he reaction of the last j several days, especially by the se.ivy sell- | ing yesterda. j As soon as the market has had an op- ! portunit to again demonstrate stability I at Mils level we will probably witness a 1 renewal of public activity, because the I news with reference to our affairs and ! business is good and there is no doubt jat all about commercial progress that's I being made. ! Th * main basis for recent selling has | been the market's technical position and : this, of course, can lie remedied by much j profit taking as we have had and professional selling. j We have ha ! the first definite informa- ; lion that lias been given to the public with regard to tile < >uiiiig steel merger land t Bis should prove to lie a stUimlatin gfactor in tin- market for some lime to i come. l-’rotn Europe we have bad nothing i very definite and it is still uncertain i whether the economic conference is to - prove a success or not, but there is just cause for encouragement in the coining [ confer.nee of blinkers. This will lie a r--al economic conference land will prove to lie bcm-ficial. We are optimist!-- as to tie future, hut ; we arc still of the opinion that proms ,19 jtlie high* r priced stocks should lie accept* 1 and te prepared t*> lake advantage ! of the r.-actions which are to be more | frequent from now on. TWENTY STOCKS AVERAGE. NEW YORK. April 2* —Tw-iitv Indus j trial s!* *ks Tlmr-day avi raged 91.1', off 1 sc, per c.-ii.- 3 w.-nty active rail- av.-raged ■ -3.60. off 7h per *lit. CLEARING HOt SE STAY EYI ENT. NEW YORK. April 27 Ex.-iiange*. [ $721 j.s,HUM:; bnlau S72.SOO.Ott* Foil era! Reserve Bank credit balances, $52,.500.000. Money and Exchange Ind suianolis lank clearings Friday w>-re $2.655.0t)0 ; !., t.k debits, $1,915.0 10. NEW YORK. April 2' 11:.- f.,v. gu exchange niaOe-t •: ■ tied steady tod 0 with demand sterling '■•• lower a: 8 4.42 - Cranes yield.-! 2 ~1 t ~ , to 9 2"%0 for cat,!,-, atol 9.-. f-r o!iwks. i.ir-s were o fra p.G> 5 "lc for 1 aides, find to 5.::**%.- f.r *■• ■*■-- |: i.lll francs u.-r, 4 , • *1 • !■■■• s I-.iv.-r 1 , -t:„- f,.r . aides, and to 8.11%,.* f.-r checks Marks were nn changed at ■'%•*. Guilder cables w, r • 38.12*-: cb-.-ks. >t'S Sweden kronen rallies were 2>.9'c > checks. 25.>9* . NEYY' YORK t M.l. MONEY. NEW YORK. Apr I 28. M uny: fall ntori v r* 1 1 * i :;%, p.-r .■■■nt; high, 5 per 1 -n• ■ 1" * ' • i- r ■t ■ Tim.- r:: ■ .*ni*-t Itb 1%. per 'nt. i’rit-u mer*-anMle paper * 1 1■ i • ■ * St *■! % - c\, ..:ilu ■ was a .... wit !* a- ii -sj In Pan r-Y Dill a: $t 12' f.r and *u m.l MOTOR sl < I KITIES B Thomson A McKiiitum. * —April 2' - —Closing Bid. Ask i art Motors 5% 315 I Packard ram H 11% ■ Parka r j ptd. . . 82 84 I Peerless 11 43 ! Continental Mo ors com. ... '■% 9 i Con; inenta! Motors pfd K 8 91 1 Hupp com is Is% ! Hupp pfd 98 103 ; Reo Motor Car 23 24 Elgin Mot.-rs 2% 3 1 Grant Motors 1 1 % I Ford of Canada 36* 361 National Motors 1% 2% Federal Truck 21 ' Paige Motors 2** 21 R* public Truck ... 8 8% A' IT. E Oil, STOCKS. *By ’lliomsoii a McKinnon.t Anri! 2S.— A re.*!** Anierii *.. oil 29 20% i VCaatic Loin.s 10% il Borin--Scry ms* r 359 ,379 Btli‘keyc Pipe Line 97 99 i Chesefirou-rh Mfg. C*.ns. . 19il 209 I Coßtiiu ntal OH, Colorado ...143 14S 1 <’os*len oil ;*nil <.as 5 S Crescent Pine Line 53 35 Cumberland Pipe Line 110 159 ! Elk Basin Pete 7% 77, Eureka Pipe Line 98 193 j Galena-Signal oil. pfd 10.8 ill ! Galena-Signal Oil. • 53 54 Illinois Pip.- il,n* Ist Ks j Indiana pipe Line 100 103 ! Merritt Oil 12 II : Mill we- toil . . -J %. 3% i Moil West Refilling Iss ' National Transit 51 32 1 Northern Pipe Line 106 MU Oli'o Oil 505 30K Ok'.thoina P. A M (J% 7 Pi-nn.-Mi-x 39 35 Prairie Oil and t as 590 tint* Prairies Pip- Line 227 252 Sapuip.-i Refining 5% Solar Refillin'.' 550 579 Southern Pipe Lin-- 109 in: l , Southern Penn, oil 197 203 Southwest Penn. Pipe Lines . 60 65 Standard Oil Go. of Ind 97% 97% Standard Oil Cos. of Kan 550 560 Standard Oil Cos .of Ky Si s_> Standard ** i 1 Cos. of Neb. ...190 200 Standard Oil Cos. of Ohio too ISO Swan A Finch 30 40 Vacuum OH .... ~..40n 415 Washington Oil .. 25 30 NEYV YtlKlv CURB dARKET. (By Thom-.*n A M.-Kinnon* April 28 CiosingBid. Ask. Are Packing 50 5,5 ! Guttis Aero com i 6 ! Curt is A* ro pfd 2f 27 | 80-on A- Montana ID 21 Bust on A Montana t’orp. I 1% Goldfield Con 7 9 Jumbo Extension 5 5 International Petroleum. 19% 19% Kirby* Oil 12% 12", Nipis-itig I! 6% St.iiiilar.l Motors 5 .">% Salt Creek... 15% 15% Tonopah Extension 19 10 111 10 To. iqutb Mining. 1% 1% I'nited I’ S new 7% s E. S. Light A Heat 2% 2% jE. S. Ef'*nt A Heat pfd.. 1 1 2 1% W right • Mart it 2 5 Y ukon Gold Mine Cos 1% 1% Jerome 3% 4 New Cornelia 1' Is% I'ui’cd Yerde 2' 29 Sequoyah 3 12 1 *inar IMI 11510 2 1 10 I!* public 'l ire 01 75 NEYV YORK SI (JARS. NEW YORK, April 28.—Raw sugars were firmer in trade on tlie exchange here today. Culms sold at 4.1 ic per I tionnil. duty paid, and Porto Ricos at 3.9s per pound, duty free, delivered. Refined sugars were quoted at 5.25(f)5.50c and No. 1 soft at 5.20(1)5.50c per pound. NEYV YORK (OKI EE. I NEW YORK. April 28.—Coffee values were easy in trade on the exchange here today, opening options being 2 to 6 points lower Rio No. 7 011 spot sold at 10%if/ 10%c per pound. NEYY YORK UK E. NEYY' Y Okie. April 28.—iUe e was rather quiet in trade on the market itere today, domestic being quoted ut 3', B (ii 7V*c per pound.

INDIANA DAILY TIMES

Local Stock Exchange —April 28STOCKS. Bid. Ask. Ind. Ry. & Light com 60 Ind. Uy A Light pfd 75 Intlpls. St. Ky 45 ludpls. N. W. pfd 60 Indpis. A S. E. pfil 69 T. IL, T. A I. pfd 79 T. H.. I. A K. com 5 T. 11., I A E. pfd 15 E. T. of Ind. com 1 U. T. of I ml. Ist pfd 4% 9% ( . T. of Ind. 2d pfd 2 Advance-Kumely Cos. pfd Advance-Riiniely Cos. com... 15% ... Am Contrail Life 195 ... Am. ('residing pfd 94 ... j Belt R. U. pfd 59 ... ! Belt R. R com (*!% 08% Century Bldg Cos. pfd '.*."•%■ ... Citizens Gas Cos 29 City Service emu 222 227 City Service Cos. pfd 64% 67)4 Dodge Mfg. Cos. pfd 85 ... Home Brewing 40 Ind. Hotel Cos. com 86 ... Ind. Hotel Cos. pfd 99 Did. Nat. Life Ins. Cos 2 ... Ind. Title Guarantee 71 Ind i’ipe Line 9.8 Intlpls. Abattoir pfd 45 ... Indpis. Gas 4 i ... Intlpls. Tel. pfd 99 Indpis. Tel. com 2 ... Mer. Pub. Util, pfd 49 Natl Motor Car Cos 1 4 Pub. Sa. Ins. Cos 5% Ifatih Per. pfd 47 Stand Oil of Ind 9V% 98% Stirling l ire Ins. Cos 7% ... Van Camp lldw. pfd. ..... 90 Van Camp Prod. Ist pfd 190 Van Camp Prod. 2d pfd 100 Vanilalia Goal Cos. com I Yand.-itia Goal pfd 7 Wabash Ry. pfd 31 Yvahasn Uy. com 10 BONDS. Broad Ripple 5s 0t Citizens St. Uy. 5s 78 ... Indian Creek Coal A Mine 6s ... lot* Ind. Coke A Gas 5s $6 Indpis. C. A S 5s 91 % ... Indpis. A Martinsville n5.... 55 indpis. A North. 5s 39 1 -j 44'.A linlplq Sir.-. tRy 4s 57% 02 Indpis. A N. W. 5s 49 53 liiilpls A S. E. 7i. 4 i lniipls . Shell* A S. E. 5s 75 I I! I A- E. us 54 Indpis Gas 5s 85 99 Citizens Gis 84% 89 Kokomo M. A W. 5s M% ... ind Hotel Go s. . . 97%• ... Indpis. Water 5s 95 indpis Water 4%s si 84 Indpl'. t. A T 78 ... Indpis I. A 11. us 89 94 I T of Ind. tis 50 ... Mer II A L. 5s 9'% 192% New Tel L 1> 5s 96' , ... New Tei. Ist Os 90% ... Sun ltd IG>'.••-• r6s 80% 91% bFx ilividetid. 4,1 LERTY BOM)'. Übertv. first 3'-. -s t*9 59 99.9'* Lib.-rty . first 4%s 99.72 In". 12 Libertv. seeotul 4%s .. .. 99.02 99.!*' I.Mn-rty. third 4%s 99 '2 H* 12 l.ileTtv. fourth 4%s !*!• >6 loO.lft Y'icK.ry, 4%s 100,54 190.78 Sales— Twenty share-- Belt Ry. com. at. . 65'-* tl.'-no Broad Ripple 5- at 61 Local Curb Market (By Newton Todd * April 28Biil. Ask Am Hominy Cos 10 10 1 mil Coas ’' I % chi-iaie Oil crp % •% CmumntiW, aith Kin. '-mn. ... 2s 38 • 'otunimiw. aitli Fin. pfd. ... 4' 58 Columbia l ire Ins. Cos. ... 6 7% (’omit Auto % Day tmi Rubber Units 4.’ 52 Dictograph Prod, pfd 26 3*l D. W. Griffith 3 7 Elgin Motor Car 2 3% I . !. Fin. Cos. pfd. 77 87 Fed. Fin. Cos. com 124 133 C.r Sou. Prod. A- Ref 6 8% Interstate Pub. Serv. pfd. ... 81 91 M>tro. 511 c Store cun .... 3 7 Metro, 5 10c Stores pfd. ... 1!' 27 Nat. Underwriting 2% 5 Revere Motors % % Ranch A Lung Units 29 3o Rub Tex. Units i"V4 15% I' s Auto I nits 37. 47. U S, M: g. Cos Units !2<> 135 BANK STOCKS. Commercial Nat. Bank .... 71 t-'t C nt Nat. Bunk 1"4 114 ind 1 rust Cos 176 Ind. Nat. Bank 25.1 267, Met Nat Bank 282 Security Trust Cos I'd 14'* State S.iv. A- 'I rust 91 98 Union Trust Cos 2'"* VVash. Bank A Trust Cos. .. 174)

I Weather The following table shows the state of r!)•• weather it 7 a. in.. April L’N. as oh-*-rv. <1 I>v Knifed States Weather Bureaus • Bar Temp. Weather. Indianapolis, Iml < lest* - Atlanta, Ca. .. .. 3tJ.t)4 ’.4 Kaln Amarillo, 'l'. \as .. V..M 3> Cloudy Bismarck. N. D . 30. 43 40 Cloudy Boston. Mass 3D ,yv 43 Clear Chicago, HI :;u,4s 43 PtCldy Cincinnati, Ohio .. :{n.:;n 40 PtCldy ‘ L-velatid. Ohio . .. 3<>.4d 40 Clear Denver. Colo 30.1 v, 40 Cloudy Podge City, Kan.. *0.33 3d Rain Heh a. Moi *i. .... 33 ps 40 Cloudy Jacksonville, Fla... 30.04 7‘3 riear Kansas !i Mo.. 30.:; 4 40 Cloudy Loiisvilh*. P'.L'S 43 Cloudy Kittle K.e. Ark.. 30.00 V3 Cloudy I.os Ann*-leu, Cal.. 54 Cloudv .Mobile, Ala LUO-' OS Cloud \ .New Orleans. 1, 1.. . 3b.D3 Os Cloudy New York*. N. Y... 30.1‘J 40 Clear Norfolk. Ya 30.30 44 Rain Oklahoma City . .. 30.14 40 Cloudy Omaha. Nel> 30.14 41 I’tCldy Philadelphia. Pa.. .’MOJO 41 PtCldy Pittsburgh. Pa 30.30 BN Clear Portland. Ore 30.3 H 14 Rain Papal City, S. I> 30.8N 30 Cloudy '• r- Or . . 3o.:; 30 Char San Antonio. Texas 30.00 03 Clear S.:u lain. " Cal. 3b.00 40 Clear St. Louis. Mo 30. L’s 44 Clear 1 aul. Minn.... 30.4s 41! Clear Tampa, Fla 30.0*3 33 clear Wa>aingloii, l>. C . 30.33 40 Cloudy \\ HATH KR < ON DITIOVS. \ [tart of the Southwestern depression has mmol dirertly eastward over the t.ulf Staten and lots fanned rains from the Southern plains eastward to the North Carolina roast. The field of high pressure over the western lakes region has remained nearly stationary, hut has Increased somewhat in size, and eolder weather is reported In the belt of States from Nebraska, Kansas and Oklahoma to the middle Athmtie roast, with frosts last night from rent ml Indiana and central Ohio north wm <? In the region temperaturns nre frotn to 15 degrees below normal, hut i readings over Hie far Northwest have risen to near or above tlie seasonal average. —\\ bite River ( auditions—- \< 7 a. m. today stages in \\ Idte River were as follows. l>ceker t 17.5, falling. COHN AND WHEAT IU IXETIN. For tin* twenty-four hours eliding at 7 a. in., Friday. April US. 11)22: I Temperature. £ 0 * o Stations of c •* Indlannpoll* n j c [j District. ]>-,’£ j | c .ai t E~ h j-f*l 5® ! £ £ 5.3 (t Its. I 3.?- i£ h 6r 5 South Head 50 | 32 I 0 I Good Angola |SO I .'il I 0 ! Good Ft. Wayne | -'8 | 32 I 0 1 Whoatfiold ! 51 ! :t1 ! 0 | Fair Itoyal Ceiitet ...( 50 | 32 0 | Good Marion I 58 | 32 0 Good Lafayette j 50 [ .'!ii 0 I Good Farmland j 58 i 22 0 Good Indianapolis . ...| 50 | 3(5 0 (Jood Cambridge City.j 5!) I .34 0 Good Terre Haute 52 | 40 0 Bloomington ....> (15 I 3(5 0.02 Good Columbus j (il 135 0.03 Good Vine-tines |. 5S j4O 0.02 Good I noli i (54 : 37 o.o} Good Evansville !54i 42 0.35 j—jj ARMINGTON, Meteorologist. Weather Bureau. ( LEV EI.AXI) PRODUCE. CLEVELAND, April 28. -Butter—Extra. 44 1 2(fi 1 45 e; prints, 45 1 ..rtftfie: firsts, 45' fa He; packing stock, 17(ii1!)c. Eggs —Fresh, 2!)e; Ohio firsts. 25 1 5@2(5<-. olemnargaline. 2!<g22e; high-grade animal oils. 22(&22Vfee; lower grades. l(!@17c. Cheese York State, 22b..@25e. Poultry— Live fowls. 30@31e: roosters. 18c; broilers. 40@60c; yearlings. 30@31c.

GRAINS SUSTAIN LATE ADV ANCES Brisk Export Demand Is Chief Market Factor. CHICAGO, April 2S. —Grain prices closed higher on the Chicago Board of Trade today. The advance was due largely to an, exceptionally brisk export demand for wheat. Sales of wheat for shipment to Europe was estimated at 2.500.999 bushels. Tito buying was on unfavorable crop prospects in European countries, especially Era nee. Provisions were higher. May w.heat opened off %r at $1.10% and closed up I'KiC; July wheat opened down *%e at $1.25%. and closed up l%r. September wheat opened off %e nt sl.lß and closed up %c May corn opened off %c at 0()%c and closed tip %c; July corn opined off %o and closed up l%e; September corn opened off %e at 66%c and closed up Ic. May oats opened unchanged at 37% and closed up Vic; July oats opened unchanged at 40%c and closed up c; September oats opened unchanged at 45%c and closed up %c. (By Thomson & McKinnon.) —April 28 Wheat—The weakness in Liverpool prices was attributed to larger shipments from Argentina than expected, tin increase in the Argentina supply, also, to : political situation in Genoa, \nlucs here | only temporarily sympathetic, because of reports of European demand for new crop wheat, also for Manitobas. It is believed Hint the English demand for North American wheat will not be particularly urgent. This idea is reflected in tin; action of Winnipeg prices today, values there showing a decline of about I cent. The domestic situation in old wheat remains heavy, demand does *li"t improve and receipts in Southwestern markets are materially above any expectation. Crop news from Europe is slightly unfavorable, but from our own Southwest, tin 1 news is not discouraging, a lea !ing trade i• • 1 r : uni suggests possibility "fa yii'id of j 6i4l.ikji.oisi. This is in excess ..t previous estimates. The fact that (*hicago | prices are getting out or line with other markets, and tin* fact licit priinray re I i-eipts are literal, v.itli demand slow. ; should pre.eut any maintained strength in price. On t h idle r hand, tin* it.ari.- t will, in all probability, em-n'int- r an European demand fur new w-h.-ai "ti every depression in price. The situation does not s*‘"tn 10 suggest any pronounced price trend in either direction. Corn and 'tats It is gratifying to l.e aide to record a considerable improve ment in the export demand fur oats, even though it lie a re f that demand, so far. appears on!v in Northwestern markets. I Sales in Minneapolis the past twi ntyi four hours are estimated as high -is one I million bushel? Tnere is. iB". go, qex port demand for corn, seaboard prices belli gadv.ilii-ed to a lias',' where it will I te more n-voptable to the holder of cash ! grain than will the price of the May ■ deliver.'. Elevator interests are a,-, riding ! the offerings > f May i"rn and oats a> I tin v appear in the market an l s-dilng July against them. There is a growing j i ioa that the deliveries of corn, on May contracts, will net in* as large as rcf- ! fore expected, but the oats deliveries are j likely to In- iif oral. j Provisions Liquidation to holding of May lard lias been tin f, titr.* in the I provision li't Carriers 1,. v. taken the offetings and soli May in turn. No par It' tilnr change in the eah trade which is good for domestic a- . omit. ( UK \G(> GRAIN TABLE April 2' i WHEAT Open High. Low. Close. , Mav ... IX' -, 16. Ito 1.12% July 1.25% 1.26% 1.21%. 126% Sept 1 is 1.19 1 17% 1.18% I l.'t iR N- - fill'-'. .61% .00% .61-v ’July 04% .65% .•-*% .65'* ' Sept.... .60% .67% .66% .67% OATS - I Mav 37% .27'- .27% .37% I July,. . .40'.. 6". .P* .49% Sept 11115.41% .41% .41% I pork , •Mav 21.00 ! LARD Mav l'-.ST 10 90 10.72 I"'* i Jit I v t UK' 1110 1! 'SI 1! 07 Sept 11.52 11 .2 11.22 11.27 ;KIRS - j •May . .. 11.00 .Ittl’v ... 19 97 10 97 it* >7 lo.'T ' •Sept. IO'.O RYE - I Mty 1.07% 1.9s \ los 1 , Ivs , I .1 11 ! v ... 1.0 l 1 ,o. , 1* : 1 lo' 1 Sept.. .97% .97% .97 , .97 '3 ' •Notninal l lIK AGO ( Asll GRAIN. CHICAGO. April 2s Wheat No. 2 red. $1.41%: No. 3 red. <127: No. 2 hard ye! tow, <1 10; No hard yellow. $17,3: No 3 .mixed. M 37/0 1.36. thirn No. 2 mixed. I'll 1 , 'll til", c : No. 2 white, til' n,io2e; No. 2 yellow, 61' ,f#/t*2c ; No. 3 mixed. (iiWfillc . No. 3 white. 62c: No 3 yellow, fit*' \<n *ll •-. No 1 mixed, 59 1 '• "i u'JV-*: N<>. 4 white. -.:*! \',l oil* : No | V. llovv. 5s' l liioo%o. Oats --No.' 1 whlto. 47m* ; No 2 white. •<■( 44c; No. 3 white, 35% ,/42),e; No. 4 ! white, ;S6V*i29'',c TOM I*o M l 1* As I> I. It YIN. I 3 t|.EDO, April 2s 1 lov.-rsi,% - t ish i 814.95: Mav. <11.95: t'ctolier, $11.""'. A 1 silo- Gas!;. sll.*"' Tmotliv Casa. $291; v Mav, s2'.). S, oti-mi'ir. < •.-tidier. $."..15. Wheat Gash. el 44fil 1.45: Mav, I ft. 44; July, sl' ;' Corn fasti, t; y/ 1 17■ •. i 1 hits Cash. 4Ko itic. Rye- -< asii, SI.OB. I Barley I 'ash, 6-s,-. PRIMARY MARKETS. (By Thomson .V McKinnon) - April 2S—- — Receipts— Wheat. Corn. Oats. St. Joseph.... 52.900 50.900 2.9tK Chicago lIP IKK* 2 tt*.* HU) 197,.inii Milwaukee ... s.o(H* S7.IK>l 42.004* Minneapolis . 2."d.iM>ti ln.ujO .V,t*t*t> Drluth 71.0K1 72.990 s-f I ,(iui s 52.099 29.14*,* is.irm Tolislo 4 .IKK* 4.000 I'l.tion Detroit 6.909 1.999 2.0 0 Kansas Cilv.. 2*2, tHK* ,3.010 1 t.tsin jq.,, j,, .. ..' 7,0,1.09 41.9 so Oni.ihi 74.990 129.1 K-0 44,069 Indianapolis... 7.91K1 lI.OIh* 21.9'4* Totals .... 579.919 SI*9,(KIO 473.960 Year ag"... 6sl,t;iH| 498,"(KJ 362.'* 0 —Shipments - Wto at. t urn. Oats jst Joseph.... o.tKtd ‘-’l.imki ta*99 cli'eag 35.900 10.8.000 SDS.OiHI Milwaukee ... 1.0(H) 143.090 172,000 i Minneapolis . 92.'HH IGA** l ** 132.1HK1 | Duluth 22.000 15,(Hit* St Louis .... 55.91K1 41,'HK* fit*.■■Hit* I Toledo .... p. ikk* 5. 001 2.9>* I Detroit V.' 2.000 2.99i* I Kansas t'i'tv.. |(h*.oi ll.cm* 27."<H) Li.oria ' n.iHH* 25,(nm Omaha .... 86.000 1 :*.::.( ■* * * 3l.tk*o I liidlanapitiis... I.'Hki ,21.tHH* 16.9M* Totals .joS/soO SIJ.IKM* I ’ .T.'r * r*;j.’n?:o 4*2S,D<iD b-T,IKK> < *tinranees - Wheal.. Lorn. Oats. Philadelphia IHMKH) llaitiinnre New Orleans. 171,090 Totals 171.(HH) 147,9<*t* S,(UK) Year ag0.... 57,0,090 738,(KM) INDIANAPOLIS CASH GRAIN. —April 28— Bids for ear lots of grain anil hay at the call of the Indianapolis Board of Trade were: Wheat—Firm : Nn. 2 red. $1.43(f) 1.45. Con, Firm : No 3 white, 61 %(f(9Je: No. 4 white, 60%(u 62c: No. yellow, 61 Ot 62c : No. 4 yellow, 60(7/ I’lle : No. 3 mixed, 60(9 61c: No. 4 mixed. 7.09/ 60c. Dais—Steady; No. 1 timothy. sU*(f)l9.so; No, 2 timothy. $1 S 5;V,/ l'.l; No. 1 liglit clover mixed, $18^rI8..1O; No. 1 clover, $19.50020.59. —lnspections—• Wheat —No. 3 red. 4 ears; No. 4 red, 2 ears: sample. 4 ears: total. 19 cars. Corn —No. 2 white, 1 car; No. 3 white, 3 cars; No. 5 white, 4 cars; No. 6 white, l ear: No. 2 yellow, 1 ear; No. 4 yellow, 3 ears; No. u yellow, 6 cars; No. 6 yellow, 5 cars: sample yellow, 1 car; No. 3 mixed. 2 cars: No. 4 mixed. 2 cars; No. 5 mixed. 4 cars: No. 6 mixed. 1 car; sample mixed. 1 car: total, 35 cars. Oafs—No. 2 white. 2 cars: No. 3 white. 13 cars; No. 4 white, 5 cars; total, 20 cars. lIAY MARKET. The following are the Indianapolis prices tor hay, oy the wagon load, de l*vered in Indianapolis: Hay—Loose timothy. sl7 W 18; mixed nay, $16017; baled bay, $l7OlB. Oats—New, per bushel. 42045 c. Corn—Both old and new, par bushel, 60 005 c.

SWINE VALUES 25 CTS, HIGHER Cattie Prices Rule Stead to Strong—Calves Weak. RANGE O* 'JOG PRICES. Good Good Good April Mixed. Heavy. Light. 21. $10.40 @10.50 $10.3&@10.. r ,O $10.50 22. 10.65®. 10.75 10.60© 10.65 10.75 @10.85 24. 10.50 @lO 60 10.45 @10.50 10.60 Ifi 10.65 25. [email protected] 40.35 @ 10.50 [email protected] 26. 10.60(0 10.70 [email protected] 10.75& 10.73 27. 10.50 @ 10.60 10.15 @ 10.50 10.60 28. 10.701/'.0.50 10.651/10.80 10.80*3 10.55 With receipts close to 0,300 and both the packing and shipping demands good, swine prices were 29 cents higher generally* in trade on the local live slock market today. Trading was of a very octive nature, and praefieally all of tDo receipts had been sold before the close of the early forenoon hours. There was a top of $10.83 on light swine, and the bulk ot the sales ranged at $19.73019.89. There were but few heavy swine "U the market, the bulk of the receipts again being light, light mixed and mixed hogs. Cattle values were fully steady to strong, with receipts extremely liglit at around 599, the quality- good and the packing demand brisk. • '•iw.s anti h'-ifors were fully steady, as were eanners and cutters, and steers were stronger generally. Bulls, also, were strong, the demand being active. Veals were Stic higher during initial trading, but there was a slack, in Unshipping demand after the first hour ami prie* s declined. The close found prices steady to a shade weak with the opening prices. There were close to 690 calves on the market. Sheep anil lamb values were again steady, with receipts around 290, the quality fair and the demand good. HOGS. U>o to 1 sii lbs. average SIO,BOO pi s7i iiv.r 3'hi lbs 10.600 10.79 130 11 is. tn 399 ll>s 10.700 111.83 Best pigs, under 149 ills 10990.10.80 Top 19.83 Roughs 8.730 9.23 Stags o.l*oo 7.30 Bulk of sales 10.730.10.8" —(attic— Prime corn-fed steers. 1,900 to l.sno Ills S.OOtg 8.7(0 to choice steers, 1,200 to 1.3't0 Hi- 7.27.® 7.73 Good to choice steers. 1.100 to I, IDs. 6.73@ 7.2 Go"d to choice steers, 1.090 to J. lbs 0.000 6 27, Common to medium steers 890 to 1,809 lbs 5.73® 6.00 —Cows and Heifers— Gun* to cia'i e heifers. 8.000 6.30 Medium heifers 7.7-U0 8.09 Common to medium heifers.. 66.300 7.1-0 *li ml t ' choii e cow .- 0.7,i-0 7.23 Fair to medium cows 4 7"0 o 09 C.t nrn rs 3 990 4 On Gutters 3.09® 3.73 —Hulls— Fat v but i-r !nt 11 is 3.730; 6.5** Good to cUoi-e but,.-her balls.. 7,.tin t;._., : s 4.9*10 4.73 Light tdogna iniils ::.3HO 4 Light couimoa bulls 2.27 .(il 3.7*0 —Calves—(7 mice veals 8.090 9 90 Good veals 7 7.n'*/ s.iK* Medium veals 6.3u0 7.30 <’iitnu!"ii to h*-.tvv weight wais li' l t>. _ * Lightweight veals 7,.300. 6.00 —Stockers and Feeders— Good to choice steers under S|H, lbs 623 0 7.7*0 Medium cows 8.000 4.tw Gnod c-.vvs 3.77,0 4 73 <; I heifers 6 0.10 7.90 Medium to good heifers 4.300 o.o*l —sbeco and Lambs— Cull ewes 2.300 3.09 Good to choice ewes 5.300 8.3(J Bucks 2.30,.. 3 311 C.ipped lambs 19 00 012 30 W 00l lainos 12.'it * 1 '.3 Springers 14.00016.00 Buck lamiis 6.990 T.oi) Culls 4.00 14 0.00

Other Livestock CHICAGO. April 28 - Hogs Receipt . 2:!.iKKJ; market, active' and 3 to 13 c, ;.ts higher: balk of sales, $10.23010.67,; top, $ I tl.2i *; be.i vie- 810.3(1 .19.123; medimn-. si" iit.Ti*: iiglits. slo.H'/</10.70; light : ■ $10.23 '/ if co ; 1;. av v packing sow s, smooth. $'.1.39010; packing sows, rough, s;‘.23 f -tpao. pig-. 5:i,300 iti.3t*. G.utiiRe ipts. firm. Beef steers- t'h d'-e and I r am-. <s.l'stK,;) 23; medrums and good. <7.67 *t S 6*3 ; good and choice, ss.;;3 •/'.'. 19 ; commons and mediums. $.',.;*00 8.:;7i. Butcher cattle Heifers, $.3.6,30 s.iiit; cows, $1 67*0 7.3.3; bulls. $4.12,0 6.73. Canm-rs and cutters —Cow sand h- ifi-rs. $3.7*90 4.03 : c/inncr steers, $1.2303.7,9 ; veal calvi-s. light and handy weight, $6,230 s 2.5; feeder Steers, $6"/ 7.73; Stocker fleers. $7*.730 ti.tka; Stocker cows and heifers. $1.17,0 il. Sleep and Lambs i; te 5.900; market, firm to 23 e-nts higlter: good to choice lambs. $124/13; cull and common lambs, $9.390 12: year lin- v. b'-rs. $'.'.7..0 I::; ewes. $7.09.7*0 ; ciiil and common ewes, $3.230 7. GINCiNNA Tl. April 28— Hogs—Receipts. 4.809; market steady to 15c liigiier: heavy, mixed and mediums. 19.83; ■bgiit $lO 73: pigs. <10.23; roughs $8.30; stag , $3.23. (‘attic Receipts, 1.900: mar ket steady to 27,c higher; i-*vvs, 25c liighir; heifers, weak to 10.- lower; bulls ands eers, steady: calves, $8.5009. Sheep and lambs -Receipts, 390; market steady; ewes. $7.59; clipped cw. s, $3.7,0; springers. slt down: wool lambs, sl6; clipped wool lambs, slu. CLEVELAND, April 2s.- Hogs -Receipts. 3.900; market, 100200 higlter; yorkers aud mixed. $! 1.25011.35; pigs. 8114611.25; roughs. $.8.7*9; stags. $5.39. Cattle Receipts, 299; market steady. Sheep and lambs Receipts. SO9: market, "tie higlter; tup. sl6. Calves—Rci oipts. 399; market slow and st- a.iv : top. sl9 PITTSBURGH. April 28. -Hogs —Rei" ipts. 2,ik'9: market 17ie higher: prime li avics. $19.99(1/11: mcdi'ims. $11,490 ('/ 11,50; heavy and light yorkers. $11490 11.50: pigs. 81150 down: roughs, 8.75; stags, 4. Gat tie—Ucceipts. light: mar k t 110 initial. Calves—Reeeipts. extrcmelylight ; market active and steady; veal e/tlves, sl9: heavy and thin calves. s|o: 7. Sheep and lambs Receipts. 599: market. steady: prime wethers. $1)01).50: good mixed, $70:5.30; fair mixed, S6 6IV: cttils nod commons, S2O 4; choice lambs, 130. 15.50; springers, $l5O 20. EAST REFKALO. April 2S. lings -Receipts, u.iMttt: market, active; yorkers, li..'Mi; pigs, $11.50; mixed. $11.27,0 11.5(1; heavies, $10.530 11.10; roughs. S9O 9.25; stags. sso6*. Cattle—Receipts. 2.3 t): market, active; shipping steers, $5.25/5.75; butcher grades. S7O 8 60; lodl'crs. 87,.5110 8 ; cows, $2 27,0 6.59; bulls. $3.75(1/5.50; feeders. $506; milk cows and springers, $466/ 125. Calves Receipts, active: cull to choice, $30:9.7,0. Shei’P and lambs—Ro ccipts. 8.900; market, active: choice lambs. sllO 15; cull to for, $60,13.50; yearlings. $94/13: sheep, s3@lo. EAST ST. LOUIS. April 28.—Hogs— Receipts, 1.999; market 130,29 c higher; mixed and butchers, sl9. 43;Vj 19.69; good heavies. 810 19010.55; lights, $19.43010.50; pigs. $9 250 19.7,9: bulk of sales, $19.47,.'0' 19 7,9. Cattle—Receipts, 1.999: market steady: native beef steers, $8,300 9.25; yearling steers and heifers, $8 7,009.25; cows. $40:8.59; stockers and feeders, $5 06.75; calves. $3,500 8 59: fanners ard cutters, $30.4.50. Sheep and iambs—l‘n--1 cipts, 209; niiirket sternly : mutton e*,es, $808.7,0: good to choice iambs, $1201.'.73; canuers aud choppers, $30)5. INDIANAPOLIS PRODUCE. Eggs—Fresh. 21@22c. Buter—Packing stock, 14015 c. Poultry—Fowls. 1 7022 c; broilers. l'% to 2 lb. size, -17,0:46c; leghorn broilers, at discount; cocks, I3,‘@l}c; voting ben tucks. 8 Ihs and up JJ5c; voting turn tu.ks 12 lbs and up 35 e . old tom turks. 30c: cull thin turkeys not wanted: ducks, 4 lbs. and up. 150,iV geese, 1" lbs. and up, 13014 c; stutabs' li lbs. to dozen. $,,.5906.99; oitl guineas, per dozen, $3. Butter—Local dealers are paying 370 38c per lb. for butter delivered in Indianapolis. Buttcrfat — Local dealers are paying 3e per lb. for Dutterfat delivered in Indianapolis. WAGON WHEAT ’KIUKS. Indianapolis 'lour tni!;i and elevators yesterday were paying $1.35 per bushel for No 1 red winter wheat; $1.33 for No. 2 red winter and tecordiug to tesr for No 8 red winter EAGLE ATT V KS AEKOPANE. GENEVA. April 28.—An aeroplane piloted by Captain Lestuck was attacked by an eagle. The pilot finally shot the bird.

In the Cotton Market NEW YORK, April 28.—The cotton market opened steady today, with first prices 3 points higher to 4 points lower. The later months were easier, influenced by less rain in the Southwest. New Orleans, Liverpool and spot houses sold. Southern wire houses were the best buyers. New Y'ork opening cotton prices: May. 18.93 c; July. 17.69 c: October. $17.6,0e; November, $t7.72c: Decent!, T. $17.69c; January. 17.62 c; March, 17.66,017.79 c. The market was steady in the late dealings, elosing at a net. advance of 14 021 points. —Cotton Futures— Open. High. Low. Close. January 17.62 .17 81* 17.61 17 80 March 17.53 17.92 17.70 17.ss May 18.03 18.20 17.96 18.2(1 July 17.6,0 17.77 17.57, 17.74 October 17.63 17.83 17.61 17.83 Deceinbtr 17 69 17.58 17.67 17.87 LIVERPOOL. April 28.—There w*ts a moderate demand for cotton today. Prices were steady and sales close to 8,000 tittles. American middlings, fair. II.TCd: good middlings, 10.66d: middlings, 10.36d: middlings. 10.2 DI; low, !).76d; good ordinary. .5 '.ID] ; ordinary, 8.11(1. Futures were quiet. Building Permits Denison Hotel, g.-nair elevator, 139 North Penrisylv a-ii.-t. S3O. Murphy Building .repair elevator, 32 East Georgia. $7,99. William H. Block Cos., repair elevator. 50 North Illinois, $lO9. Plaza Hotel, repair elevator, 231 North Capitol. $125. A. A. Scottish Rite, repa'r eleralor, 29 South Pennsylvania. S2OO. Susan Coyle, rebuild, 1042 North Hamilton, SIOO. F. M. Bowers, business room, 1122 West Y\ aslii’igton, $1,200. Adam Heilman, dwelling. 1147 South West, $2,509. Mary I. Evans, p,,r- h. 1220 Engine. $177,. Ail,err. t: ■••pper. dwelling, 1307, 07 East Tabor. $2,000. .1 E. Pr-ntor reroof. 2927 North Gale. $59. I I '. S. Morris, reroef, 2929 Nort'a Gale, Van Conrthind Realty ('■>., apt. house 2919 North Meridian. $45,009. i Frank Dozeian, shed, 73s North Holmes, S6O. j clear Head, remodel. 517 West Twelveth, $-'’.99. ; Ti.-t.a IP lining Cos., electric sign, ICO2 ' Central. $7,99. ; J. A. < arr, dwelling, 809 North Gind- ; at no. $3,599. ! George Graves, remodel. 2C3S Kenwood $7,0. Frank Perkins, dwelling. 1210 North Mount, $3.7,011. 1 rank P-rkins. dwelling. 1223 North Mount. $3.7,00. William Hatiei-en Realty Company, reroof, 49.7 West North. $19." ' g YV 1 , illigau, stand. 12*75 Kentucky avenue, SSO. Catherine Gould, repairs, 115 South Liberty, $H;u. Patrick ,V I. Kennedy, repairs, 25-27 1 North Highland avenue. $Pu. Indianapolis Athletic Association, re- : pa rs. 1237, West Washington, $7,99. Aug Busehmau vk Soil, repairs. 2273 Br" side. s3u i’ll rie-- iL Wright, garage. 213 North Noble. $27.9. George YV. Birr, addition. 115S Union, ' $l9O. William A. Smith, addition. 2110 Gent avenm*, <69 W. T. Williams, reroef, 1273 Eugene, - .09 J. A E. G'Hdey, r, roof. 826 Arbor. S4OO. End* re B. Jones, garage. 2921 Rods-/- ] Veit. $299. Alonzo Wright, rent del. 27,29 Brookside. $299. W. M Huffman, addition, 294 South j State. <l5O. Ge,-rg,‘ Herrmann, reroef, 620 North Nt w .!• rsey, - v 7.7. H. G. Tuttle, dwelling. 3007- Euclid. $175. Fr,-d Lentz, shed. 1625 .Yllnoequa. <7,9. : James White, dwelliug, 721 Ehvood, | E. E. Rink, r. roroof. 137,7 IP isner. <77, | William 17,,the, nroof, 423 South' Ala- ! b.'ima. $ ti*. ! Gr -gff & Son. addition, loot Madison. <s9l*. Mary I’iekard. garage. 1 “24 South,-ast- ' I rn. $lO9. Mrs. F Kroeckel. reroof, 3310 North Capitol. Sit s.

$60,000 Interstate Terminal Realty Cos. 6% Tax-Exempt Preferred—l to U-Tcar Maturities. $35,000 Interstate Car Trust Equipment Cos. 6% Tax-Exempt Equipment Preferred—l lo C-Yefr Maturities. $50,003 Empire Realty Cos. 6% Tax-Exempt rreferrel—l to 10-Year Maturities. In tlii* ’bt**<* of tav exempt securities we nrp offering the experience of tiiirty-one years without a loss to any investor, tail or write today. in IC9I Incorporated tn<9os J.F.Wilo State Bank

Marion County War Memorial 5% Bonds Maturities five to thirty-four years. Exempt from all Federal and loeal Fixes. Price to yield 4*4%, income basis Indiana 5% Road Bonds SSOO denomination. Price to yield 4%%, income basis g Above bonds offered subject to prior sale and advance in price. BREED, ELLIOTT & HARRISON 109 North Pennsylvania Street Cincinnati INDIANAPOLIS Detroit Chicago

APRIL 28, 1922.

STOCK EXCHANGE ORDERS REFORMS Restricts Members Handling Bank Clerks’ Accounts. Special to Indiana Daily Times and Philadelphia Public Ledger. PHILADELPHIA. April 27.—Two steps have just been taken by the governing committee of the Philadelphia Stock Exchange, which are regarded as contn asures in dealing with ket dealings. One amends Hu by of the exchange so as to prevent stoet, market specula) ion, through member houses, by bank employes, unless with tiie consent of tlieir employers. The other amends the constitution so as forbid members <>f the stock exchange outside partners without approval of the committee on admissions. The amendments were approved after several conferences and follow the failure of questionable brokerage houses. The action of the governing committee of the exchange is considered as likely to aid pr-venting llie re-opening of irresponsible brokerage firms.—Copyright, 1922, by Puldic Ledger Company. Murat T> mple Assn., addition, 510 Nortii New Jersey, $328,090. YV. F. Shugart, reruof, 1027 North Tacoma, $l6B. 11. E. Young, reroef, 1125 North Oxford, $243. Wilkcimiiia Wurntzier, reroof, 1222 East New Y'ork, $lB2. Michael Kelly estate, repairs, 1022 East Michigan. S3OO. Andrew Liuesing, reroof. 911 Keystone, sll9. N. A. M*,slander, dwelling, 1221 Edgemont, $2.3.4*. John W. Stokes, reroof, 779 North .Sheffield, $65. Ci .uil Miiier, double dwelling, 31-33 South Tremnnt, $6,3m. T. C. Rucker, dwelling, 824 Sumuer, $2,350. T. D. Bottomc, garage, 2951 Shriver, $125. 'J i -na Refining Cos., filling station, 4201 College. s3(r,. Nicholas YVuth, reroof, 1211 Father, N. Sughrow, reroof, 11 in-42 East Ohio, $l7B. M. C. Morris, reroof, 1519 21 Madison, sl-3. E. YV. CriM, reroof, 2117 North IVuiwS W. Higgins estate, reroof, 430-32 West Michigan, $75. W. Higgins estate, reroof, 134-36 YA'cst Miebig.i:., $75. August Tamm, reroof, 905-07 Eugene, sl-5. YV. C. Bmith, repairs, 28 North Colerado, SIOO. M. Fite', reroof. 1724 N. (’apltul, sls*. Wil'iai’.i Hotl'iuark, U welimg, 1921 Adams. $5,500. •John A. Fox, r*_roof, 1702-04 Boulevar*l place. $65. B. i *. and M. M. Ladd, double dwelling, 2949-7,1 Ku,---kle. $4.509. Jane A. Gaiseudorff, reroof. 1013 W. Michigan. $35. June A. Geisendurff, reroof, 1939 West Michigan. $39. John A. Lieske, garage, 524 Berwick, slui. E. Huls. reroof, 1429 Deloss, S3O. Minervo Ward, reroof. 927 Laurel, 87,0. R. 1!. Austin, garage, 559 North I’ersh- ' injr. $125. L. Goldm; n, reroof, 1011 South East, William M. Lynch, garage, 006 Parker, J. A. Mahoney, garage, 4520 East Washington, $509. Norman E. Jobes, rerouf, 991 Indiana lave., $75. * E. E. Earle, addition, 2842 Kenwood, <•"■(* >. , V ii'iam Biltz. garage. 2121 South Meridian, $299. | Robert Fox. reroof and addition, 1117 * North Oxford. SSOO. J. Char.rat.d, reuiodei, 1317 North Mci rldiap, $2,009. (Tiir.in-e Wilkinson. dwelling, SI, ■ Eas* Fortv-Soventh, $5,009. ; YV.llium ' Pollard, reroof, 1114 West ! Twenty-Ninth. $72. a. p. i.auck, reroof, 1158 South Me- * ridian, S7O. LOAFER VS. GOSSIP. nd J l for. declared Mrs. Thom - Kent i™ | court. ‘’Sim's a gossip," retorted her hus and. The court dismissed both Yvith , a reprimand.