Indianapolis Times, Volume 34, Number 303, Indianapolis, Marion County, 1 May 1922 — Page 10

10

PROGRESS IN UPWARD TREND INTERRUPTED Series cf Unsettling Incidents and Misgivings Are Depressing. OPTIMISM IS JUSTIFIED Special t> Indiana Daily Times and Philadelphia Public Ledger. BY MONITOR. NEW YORK. May I.—Progress In tilt upward movement of stocks has been interrupted in the last week by a series of nsettling incidents, as ■well as misgivings over the effect of others looming on the horizon. Dissensions nt Genoa at times have given the situation the appearance of an impasse, while the appeals • f the British premier, in his efforts to rain l.is point have •■'.titled an nlrmist note to the proceedings of the conference. At present the dogged optimism of the finaneial community seems justified. Securities have steadied somewhat. In sympathy firmness in the major exchanges. (OMLISIO.NS II OPE I'l’L. Hopeful conclusions also have been been reached in regard to other distributing factors—the coal strike and the prospect of a r. auction in railroad rates. The eoal strike continues to drag. There are some predictions that the bituminous lockout wii! last until th" end of May, while the anthracite dispute may not be settled before September. Nothing is known here concerning the plans of the Administration for effecting an adjustment, but there is general confidence in Washington ability to bring about a settlement. It is admitted by business men generally that a downward revision of railroad rates would be helpful at this time nevertheless it is felt that there would he in forcing the carriers to lower their traffics without concessions on the part of the employes. If rab-s or- reduced. the Railway I.aabor Board may be spurred to early action

RAILROADS IN BETTER POSITION. Otherwise, the position of the railroads gives much basis for encouragement. . The exhibit by the lending eastern and trans-continental ’lines is duplicated by most of the southern and western sys- ; tents. The gains in gross cannot be , wholly ascribed to increased coal hauling as this commodity is a relatively unimportant item on many lines, tine of rhe most favorable features is the evidence of operating efficiency reflected in the numerous declines in the operating rates. I'nion Pa ifie for example, shows a decline of 7XO per cent in its operating ratio, for the first three months of the year, compared with last year. Thesis good evilence also that the Imj * earnings are actual gains and not merely the fictitous increment resulting from the deferment of essential maintenance charges. Copper stocks are coming in for !n- ---* reased attention a< a result of the improved statistical position of the metal and the probabilities cf increased demand in the near future. In the first throe months of the year sal-s for the consumption in this country and for ex-< port have amounted to about 3ol.fKSI.tHiO pounds of this total, the sales for export wer.* a trifle over 162.000.900 pounds. In the>,-> three months production and imports v. -re a trifle over 209.(**0,t>00 pounds, thus showing a shrinkage of * early 142,- ■ • Surplus stocks of 792.*<i0,9(i0 pounds, therefore had shrunk to about 650,000 pounds at the beginning of April, and this month they have declined stiil further. A' the present rate of consumption and export, and with production slow about getting Under way, stocks will be not far from normal in the near future, i INCREASED DEMAND FROM ITILITIES. This statistical improvement does not ’ take account of the largely inert ased tie- , mand that should come from public util- i ity expansion this year. Outlays for v:w construction, extension ami better- I ments should call for vast quantities of th" red metal. The money market continues definitely to indicate slackened demand for credit Tor general business .''.nil industry. Sub- i sffinfiai declines in bill holdings and Federal reserve note < irculatlon are the ! items chiefly responsible for the rise in ' the ratio to Ts 3 per rent. Not since the; country entered the war ,ms there been such a moderate call for the services of th" Federal reserve system. Tais is a 1 traditional accompaniment -f post-war depression. The continued Jeeli ie in in- t terest rates comes from the release of ' capital from industry. N vertheless, the j absorptive power of the i..vestment mar- ’ k"t continues to amaze the laymen. Fart 1 of this results as stated above, f.-om business inactivity, but it would be just a" well not to lose sight of the increase in the country's capital In the last year, t which has been estimated at $5,000,000,000. , WALL STREET GOSSIP BY MONITOR. NEW YORK, May 1. Stocks again j turned higher here Saturday, and most | of the speculative leaders which had showed an inclination to ease off during i the week picked up again an! the lone! was very steady throughout The higher ' • all money rates at the close Friday are regarded b"re its being but temporary, and a direct reflection of the usual end month money tightness, and consequently Is having little effect on stentiment in the stock market. Corn Products was decidedly firm here as the financial district quarter. Recent -tatements by offiffeials of the company had prepared he Street for a rather dismal report. '■ ith the stock earning $.147 per share in th" first quarter, or at the rate of nearly SI I per share so the year, trades who sold out their Corn Products in tne past few weeks replaced their holdings, anil the market advanced to 105. However, profit taking before the ••look carried the market fractionally below Friday last. The Chino Copp -r r port, which showed a deficit for ltd of #1,314.204, was re.rded as reflective of ltd conditions. • and it is gem rally accepted that the stock tad discounted this report when the present market started. Chino eareud 1.51 per share in 11120. Westinghouse is reported to be mok ing great strides in the radio business, and at the present time is turning out about SCO sets of receiving apparatus per day. and. with production speeding up steadily, it is believed that by mid summer production should be around l.otw sets per day. Certain-teed products is benefitting largely through the wide increase in building operations throughout the country. With practically every large community making strenuous efforts to bring its housing facilities up to r*quireinents, the demand for building products and by-products is verv heavy’ t’ertain-teed not only manufacture roofing materials and building papers, tint has a large line of paitns and arnishes. The special stockholders meeting of the! Turman Oil Company ratified the pro- ! posed increase In the capital stock from i $3,000X00 to $0,000,000. This company is 1 controlled by the .Middle States Oil. The managers and committees have announced a modification in the Beaver Board Company's plan whereby the bank and merchandising creditors of toe holding company anti of the various subsidiaries. instead of receiving payment, for their claims In the manner provided in the original plan, will accept on varying basts from 50 to cent of the r*-w b per eenr collategold notes cf the new holding, ffnrjfi Republic Don an'/S®*F*ned at a

l ing of this issue, of course. Is based on | the hopes of an early consummation of, the merger plans, for Midvale and other independents are also meeting with the | ! same buying. 1 The rubber stocks were generally str ng, Kelly-Springfieid advancing l"j \ points and Goodrich % of a point, with | other rubber and tire issues strong in | proportion. With practically ail of the I leading motor companies in the country 1 operating under pressure in order to meet . the tremendous demand for ears, the reaction on the tire and rubber companies is obvious. Already retailers are reported to be citaning out their surplus stocks, which is taken to indicate the natural probability of a heavy replacement demand. anil traders are liming the rubtier stocks mi this theory.—Copyright, ! 1322, by Public Ledger Company. A. T. Stock Exchange * (By Thomson A McKinnon) —May 1— Prev. High. Low. Close, close. Advance-11. com. 1!) ltx% 1!* .... j Ajax Rubber .. is 17 : S I<% 17% . Allied Chemical !*••„ '6% etch, 65% Allis-Chalmers.. C*!% 50 50’. 50 Am. Beit Sg... 41 40% 40% 40% Am. Bosch Mag. 4(1 45', 45' , 45',. Am. Can 49% 47'- 48% 47% Am. C. A Fd lid lti:". 101 101 Am. Ice 107% 100 I*'7% 107 j Am. 11. A L pfd 09% fib'-j MM* 00'. Am. In. Corp... 46% 45'. 45-, 45% ; Ara. Locomotive 110 113 115', lit '. Am. Steel Fd. . 39% 30', 50'. 50'., Am. Smelt A It. 59% 58% 50 ss',. | Am. Sugar Kef. 7ti 75 75 75% - Am. S. Tub. Cos. 34% 34% 34% 3.4'.. i Am. Tel. A Tel. 122% 122', 122% 122(4 I Am. Tobacco ..140% lift 110 140',.! Am. Woolen ... 92% I*l% 91% 02 i Anaconda 54 53 55', 55 ’4 ! Atchison 101 100% 1"1 100%; Am. Ship and C. lb", 17", IS 101% At. G. A W. 1... 35', 3-4% 3.5 3.1 Austin Nichols.. 25 25', 23 21*4 ! Baltin.u Loco..libs 115% 11s", 113.,! B. Al) 47 , 47 47', 47'. ! Beth. Steel (B).. 70 7s 1 , 78% 70 Brock R. Trans. 22'4 21' , 21 4 22 California Fete.. 57% 30 < 57 50% Can. lac. Kv...142% 111% 142 1II"-, Central Leather 38 - , ;;s 38% 38% Chandler Motor. 75% 7t', 74'. 74", ' C. & O .‘... 05 03 03 05% t; MASt F com 28 27% 27% 27% fMASt 1* pfd 45'. 44 1 s 44', 44 , Chi. A North... 75% 74-, 74", 75':.; CItI A- F.IC 4f, % 45% 4 1 45%; C R IA F Opt tp S2 S2 S3 S3 ( C R 1A FTpctp 00 051.. 05 1 . . ... ! Chili Ctqiper 19% 10 10 10 i Cluett A 1* 50 51 57 % .... 4*i*ml and Tab. 7s>, 76% 77% TO 1 )' Chino Copper.. 20 - 20 20 29% Columbia t.ai . ss* 5 "7% v 7% ,ss Cocoa Cii'a .... 50 1 , ,*.i', . 1.1 , 5-'% Coiuui da G. ... 5 4% 34% Con. lias 110'- 11.% lit.'. Tic., , Con. Can 0i 1 00 07 Corn l’rod. ...104% 103% 105% 10.7 s, Crucible Steel . 00>, 01', 00', 01 ; Cuban Am. S. 22% 22% 22% . ; Cuban Cant* S . 16% 10 l'i 10 j Dei. and Lack. 110 HO 110 110 ! Dome Mines . 29% 27'. 274, 20", Erie 14' s 13% 15% H Erie Ist pfd. .. 24 25, 2 .5, 25', Famous Flav. .S2 S*% si 82 | Fisk Rubber Cos. 10 IS'- 10 is', Gen. Asphalt .03 02'a 03% 02% I Ceil. Cigars .. 71'- 71'- 71'.. 72 Gen. Electric ..I'd 1 , lti:;'. lt'.i(* 102'.. Geu. Motors .. 13 ; s 12% 13 12", i Goodrich 42 s 41% 42 4F, ' Gt. North, pfd. 75'- 75 75 75 7 s ' (it. North. Ore 40 ..O', :► % :.o T ., Gulf Slates S. . S7S S'.',. n7- 1 S3 : Ilujip Motors . 10 s ]**', is", .... 1 H. ustou th! .. 70 7", 7n , 70 i Illinois l>:itral ltfi", 17 ; n I‘iT", loti -, 1 ludiahouia .... 4", 4 . 4"-, 4 . in. Copper 4.- 41', 41', 40 ' . Ini.-r Ilarv. .. o'.', ini', '.it'.', .... inter Nickel ... DA l v , DA DA Inter. Paper ... 51'- 5o , r.i' a :/> . n\ lnci i>ie t ii; . D . i; _. is D'i Kansas Citv S. 2 s 2b'- 2'S l . 2s 2 Keiiy Spring. T. 51'- st** st.r* Ken si. Copper . 01A ;2,'A gga. Lack. Steel .... 00 ,>% :.•.• 57 , Ice Tire A It. 34'., 5 4 3.4 3.1 Lima L0c...112' a lie, 112 ’ j li'"I. Valley.. 02A 02! i,2 * I-.x-us, iur. 1 7A 17A 7 A 17 A Martin Parry... 31 3" , ..'ij . .7 Marine com 2EA 2:!'- 2!A 2.', Marine pfd s7 , Nlw 74\ 71',, May Stores I2l‘> 110A 12u i Marrland >i1.... 31A 51 51 5! . Mexican Petrol..ls2'.' 131 J 32 152', . -M ami 4'upper.. 20 s 20 20A 20' s ] Middle St oil.. 15', II 7 , 15A 15 I Midvale Steel... s!i 57A 3s'-. :;s I Miss. Far. Ry.. 24", 24 j 242iA M Pae. Ry. I fd. 5757 57 i Mont. v Ward.. 22A 23 22 22A j National Lead. '•: A : ', !•.', *O2 . Nev. C<>n. Cop. 177", 17 17 lti 7 , i N. Y. Air 8k... Nti 70 70 70 | N. Y. central... !*A SO'- SOU ; New Haven 2's'- 27-A 27'- 2>‘, Nor. A We t...J"7 , 107', lt7A 1"7 ' North, l’.ic 70'- To', 70A 75 u Ok. F. A Rf. Cos. 5 S', s', 5 A Dwell lior. com. 50 35", 527-, 5.5', Pacific Oil 0.2A tHi>, oi", OiO . Fan-Ain. Felroi. th'- t'd'.j 03',' l'enna. Ry 41A 41A R-t 41A j l’.-re Marquette .51A 5o : - H tints 31'ij Pierce Arrow... 22', 2" ;i , 21 21A • Fi.-rce Oil C 0.... !u % in It'"; 10 , i Full. Pal. Car. .125 121', 121', 121A I Pure Dil 54 A 53 R , 34A 54',! Ry. Steel Spg...lU2 7 s 1442A BA’ s B'l', li-ading 77A 77 77 7'5 ; , Rep. Iron A- Sfl. 0 02 00 01A Replogle Steel.. 31 51A 51'7 51',' Ity. D. ..f N. Y.. 02A '•=: fit’.A *’-5 ' Sears Roebuck. 7'i 75', 75', Sinclair 3.2', 31A 31A i Superior Steel... 52'- 51A 5132 j Sios -Shff S. AI. 15'- 41 A 4! • 1 Southern P.I. .. on spa J-'.iA s'-'v, .Southern Ry. .. 25'J Sr. L. AS. W... 30A 50'- 5,0A 51 I Start. Dll Cal. .115'. 112 A Ill's 115A Sratl Dil N. .1. .100" I W", DO", ls'.i St. L. AS.F. c. 5.1 A >" I 3" 7 s 31A Stewart-Warn. . 30' . 30 1 - 30', i Stromb. Carl). . 55A 54'- 5.""s 54 ; Studebaker . ..12"A IDA 12" 110 I Tex. G; s A Sal. 41', 45", 4.:A 43' Tex Coal A Oil 20A 2sA 20A 20', 1 Texas Cos 1s 47'*. 47A 47'-7 Tex. A Pac 34'i 5,1 54 35.A 'fob. Frctl 07', Os'.'. 07U Trans. Oil 12 11', 11A 12 In ion Dil 22", 22'., 22', 22 A ; Cnion Pacific ..15s 157', J3.7A I'> S Fnited Drug .. 73 71 -, 72 71 A F. S. Rtal S- res 51A 50A 51A 51 r. S. ft. Ir. Pipe 35', 34A 35 5,4 r. S. Did. A1.... 51", r>OA 51 51A ! F. S. Rub C6A lIIA o*s-j 4 <25 I'. S. Smelt. .. 41'- 40 41 | F. S. Steel O.s'A 07',; 071, OS', I I'. S. steel p. ...lIS 3 , l' s ’i 11$A 120 Ftah Clipper .. 07 Oil 's 05", 00', Van. Steel 42A 42'/, 42(, 42', Wabash 111, 11 11 11 Wabash Ist p. .. 32 : q 32(4 32(4 32% | Worth. Pump .. 52', 52 52 52% : West. Pacific .. 22', 22(4 22 A 22'i ! West. Airbrake. 05 05 05 Si", | l\"“st. Eleetrie.. 02% 03 02 A 01A : White Motors .. 4SV, 47". 48 47 Willvs-Dver. ... s'A 7", S 7% ' white oil to a io mv; io vi ; Wool worth 100 V, 100 100 i Wilson A Cos. .. 47 40A 40A 4ti NEW YORK I.IBERTY BONDS. - May 1— Prev. High. I.ow. Close. Close. L. R. 3As 7*0.4$ 09.22 971 22 t*!>.4i. L. B. Is' 4s '.1'J.30 0.t.40 L. B. 2nd. Is '...i.!u | TANARUS,. B. Ist IV,s ... 971.74 9!7t 715.04 ' E. li. 2nd 4As . 9.1.5- 971.4s 99.5 i 93.50 I. B. 3rd 4A s .. 99 si 99.5 t, 99.5 u 99.70 E. B. 4t :i 4As . IiTI-Ss }49.V. '.l'.t.si! 99 S2 ! \ ictorv 3%s' 1011.02 100.04 i Victory 4 ,s ...tK>X2 100 54 100.550 100.02 I CHICAGO STOCKS. (By Thomson f McKinnon) —May 1— Dp* l. High. I.ow. ('!"-o Arm. A Cos. pfd. '.it 7'7 7Hi% 97 i Armour Leather 12 A , C. EL Ry. pfd.. * 1 com. Edison 1 15.1 130", 151 j Contin. Motors.. 9 Deere A Cos. pfd. 72 Earl Motors 3', ! Libby McNeill.. 2A 3 2A 2A Mont. Wart!.... '2A 22 A 22 22 j Natl. Leather... 2', 2'- 2% 2"i Nt. L ath., new !>", 9 7 s 9A 9:, Pick A Cos ?t!A 27 20'- 27 I Piggly Wig. A. 4A 45 44 * A Stewart Warner 39', 59', 59'/, 37,14! Swift A Cos 101', 102 101'- 102 Swift Inti '9", 2 1 - 1"-, 19", Thump. (.1. It.). 49 50 49 49'" Fnion C. A C... OS 5S 07’, OS Wahl 07A W rig ley 102 102' 102 102 A Yellow Taxi.... 78 7S',, 7S 7$ ; NEW YORK PET ROLE I'M. NEW YORK, May I.—Petroleum were steady in trade on the market here today, Pennsylvania crude oil agaiu\ selling at $3.25 per barrel. NEW' YORK TERPENTINE. NEW YORK, May 1. —Turpentine sold at 92c pec gallon l M the market here to< tX*

STOCK MARKET CLOSES JSTRON G Studebaker Makes Recovery in Late Trading. NEW YORK. May I.—The stock market closed strong today. The mark:t turned strong again in the late dealings. Baldwin Locomotive was in large tie I mand, moving up ;o it new high for the Alav at ID-";, while Fnited States Steel, after falling to 9'.'' . cam- back to 97%. i Republic Steel *ld at 00. anew high for the rear and t'tilf States Steel touched TEA- Sttulebaker again came back to 120. Government bond were unchanged anti railway and other bonds strong To,a) sales ol stocks for ttie day were 1,045,700 shares; bonds. $13,317,000. (By Thomson A McKinnon) May 1 There is no sign of slackening in pub lie interest. The market continues buoyant. Tile volume of busine-s is large. I The public are buying stocks on tlt- ' clines and on bulges, being thoroughly impressed with the soundness of the , financial structure and eager to share in ; the approaching prosperity and rising ' security values. i Today, oil shares were the favorites as , well as the independent steels that ligi nr- in the pmposi and merger. Motor shares received a fair share of attention. All indicators point to improvement in business which is as forecasted by the Dock market. But there is another side, the brokers loans al tin* present time aggregating one and a quarter billion dollars, will lie more susi op; ible to any adverse developments. 1.0.'tl trailers took profits late, but nt the moment we see nothing to cause apprehension although conservatism is es--,.ntin 1 at this time and we would avoid an over extending of long interest. TWENTY STOCKS AVERAGE. NEW YORK, May I.—Twenty industrial sttuks last Saturday averaged '.'3 74, tip io SI per cent. Twenty active rails averaged M. 13, up to .23 per cent. CLEANING HOI SE STATEMENT. NEW YORK. May I—Exchanges, $505, 2U0.O00: balances. $79.1u0.MH); Federal Reserve Bank credit balances, $59,400,000. Money and Exchange Indianapolis bank clearings Monday were $2,955,imi1; debit", $5,773,000. NEW YORK, May 1 —The foreign "s----clmige marker opened irregular today, demand Sterling Ac higher at $143. Francs were 3 centimes up at 9.21'-e for cables and 9.21 c for checks. Lire rose 2' . points to 3.32’-ie for cables and to 5.52 c for checks. Belgian francs were up 3% centimes to 5.47 c for cables, and to B.4i;>-e for cheeks Marks were A "t a poiut up at .005,5%e. Guilder cables were 3.8.30 c; cheeks, 35.25 c. Sweden kronen cables were 25.90 c; chocks, 2-i.N.c. NEW YORK < YLL MONEY. NEW YORK. May I.—Money—Call motley ru!•*.l 1 per ecu' high. 4% |> r cent: low, 4 per cent. Time rates quiet, all 4%4'- per eent. Prime moreantlle paper qui.-t Sterling ex.'hange was li.-avy, with business lit bankers' bills nt $1 12 a for demand. MOTOR SL< I KITIFD. (By Thomson A .McKinnon.) —May 1— Bid AskEarl Motors N 5.A 3% l' i. kard cm 11A HA Packard pfd v s l j No l j I’is rless 37* 41 Continental Motors com $% 9 i'.itdin. iit.il Motors pfd N4 91 ID'!'!' com is', D" k Hupp pfd 9N 1"5 Hi"i Motor far 24 21% Elgin Motors 2% 3 Grant Motors 1 Hi I'. rd of Canada 2X5 Slid National Motors 1% 2% Federal Truck 21 % 22% ! l'aige Motors 2" 21 Republic Truck 8 b ) ACTIVE OIL STOCKS. (By Thomson A McKinnon.) May 1— —Opening - j Bid. Ask Angle Americar. Oil 2"A 2"% Atlantic Lnbos 10% 11 Borne N. rvin. r 7250 370 Buckeye l'ip.: Line 97 !!) t'heselirotigh Cons 20" 210 Continental O.i. C.d rad IB! C..sden oil at.d Gas 5 s Cre.- ent I'ipe Liiu 3.5. 35 Cuiitberland Pipe Lite 14" 150 Elk Basin I’e|.. 7 S N Eureka Pipe Line ..100 103 Galena Signal Oil. pref K>i 107 (.alqi.t-Signal Dil, com 53 51 Illinois l'ip" Line 1-7 191 i Indiana Pipe Line Bhi 1"3 1 Midwest Oil 2% 3 Midwest ltfg ISS ... National Transit. 51 32 New York Transit .172 177 Northern I’ipe Lit e I'd 1"9 ; Ohio Oil 315 322 Penn. Mex 59 35 Prairie Oil and Gas *712 r.D Prairie Pipe Line 227 22,2 Sapulpa ltefg s’s Solar Refining . . 350 5,70 Southern Pipe Line 100 13 South Pentt Oil ...215 222 Soutlnvest Pentt Pipe Lines .. (*o 05 Standard Oil Cos. of Ind lo.'l'/j BHA Standard Oil Cos. * f fCan fx.o SSo Standard Oil Cos. of Ky $2% 83 Standard Oil Cos. of Neii.. ..17*5 204 Standard Oil Cos. of N. V 490 405 Standard Oil Cos. of 0hi0... .400 4so Swan A F.nch 30 40 Vacuum Oil 400 410 Washington Oil 25 SO NEW YORK (IKB MARKET. (By Thomson A McKinnon). —May 1— ■ closing Bid. Ask. Acme Packing 2.5 30 ; Curtin Aero, com 4 *i Curtis Aero, pfd 2 4 27 Boston A Montana 29 22 Boston A Moot Corp 97 100 I'midfield Con 7 9 .lumho Extension 5 5 International Petroleum.. 21% 22 Kirby Oil 12% 15 Nlpissing 5 7 s "A Standard Motors 5 5% Salt Creek 17A 17A j Tonopah Extension ! A 111-10 Toriopah Mining 1 2 [ Cnited i’ S new (!% 7% It S Light and Heat 2'/, 2% l S Light and lfeat pfd.. 1A I 7 ; Wright-Mart in 2 5 Yukon Gold Mine Cos J I'4 Jerome 5% 4 New Cornelia 17% 18(4 Cnited Verde 28 779 Sequoyah 3 10 Omar Oil 2 21 lti Rep Tire 65 75 NEW YORK SI GARS. NEW YORK, May I.—Raw sugars were qeitdy in trade on the market here today, ttubas were quoted at 4.11 c per pound, j duty paid, and Porto Ricos at 3.92(05.1)5c per | ottnil, duty free, delivered. Refined sugars were quiet, and prices about stead). Fine granulated sold at 5.2570. 5.50 c and No. 1 soft at [email protected] per pound. NEW YORK COFFEE. NEW YORK, May I.—Coffee values were steady on the market here today, opening options being unchanged to 8 I points higher. Rio No. 1 on spot solo at 10%*o. 1 0 Ac [ier lb. NET* YORK RICE. NEW YORK, May I.—Rice prices ruled steady on C " exchange here today, domestic again selling at 3(i**i;7)ic per pound. NEW YORK METAL MARKET. NEW YORK, May I.—Copper—Quiet; spot and May offend. 12%e: June and July, 12%e offered. Lead—Quiet; all poons, 5%'1/.51-c. Spelter—Quiet; ipot offered, Sc; May, 4.92 % go. 05c; June, 4.95 '0,5.10c. NEW YORK WOOL. NEW YORK, May 1 —The wnol mar--t ruled firm today, with trading of a fair nature. Prices of the past week were well maintained. NEW YORK HIDES. NEW YORK, May I.—Hides were rather quiet in trade on the market here | today. Native steer hides were quoted j at 13c and branded steer hides at 12c per lb. I

INDIANA DAILY TIMES

Local Stock Exchange —May 1— STOCKS. Bid. Ask. Ind. Ry A Light com 57 ... Ind. Ry. A Light pfd 78 'tidpls. St. Ry 45 indpls. N. YV. pfd 60 Indpls. A S. E. pfd 60 T. 11., T. A 1. pfd 70 T. H., I. A E. com 5 T. H„ I. & E. pfd 15 U. T. of Ind. coin 1 E. T. of Ind. Ist pfd 4(4 9(4 U. T. of Ind. 2d i*fd 2 Advance-Rumely Cos. pfd Advance-ltumely com 17% ... Am. Central Life 20 Am. Creosoting pfd 94 Belt It. K. pfd 50 Belt It. It. com til ... C.-ntury Bldg. Cos. pfd 93'% ... Citizens Gas Oo 20 City Service com 225 230 City Service Cos. pfd 64% 67% Dodge Mfg. Cos. pfd 85 ... Home Brewing 47 ... ind. Hotel com KO% ... Ind. Hotel to. pfd 99 Did. Nat. Life Ins. Cos 2 ... Ind. Title Guarantee 71 Ind. Pipe Line 99 Indpls. Abattoir pfd 45 ... Indpls. Gas '4 Indpls. Tel. pfd 90 ... Indpls. Tel. eon. 2 ... Mer. I’ul). Fti!. pfd..., 48 Natl. Motor Car Cos I 4 l’ub. Sa. Ins. Cos 5(4 ... Itauh For. pfd 47 Stand. Oil of Indiana 101 Sterling Fire Ins. Cos 7(4 ... Van Camp Hdw. pfd 90 Y an Camp Prod. Ist pfd 100 Van ( amp Prod. 2d pfd 10l Y'andalia Coal Cos. com I 6 Y'andalia Coa* Cos. pfd 7% Wabash Ry. 1 81A 7>5',4 Wabash Ity. < ... 10% 14(4 BONDS. Broad Ripple 5s Citizens St. Ry. 5s V 8 Indian Creek Coal & Mine 6s ... 100 Ind. Coke A Gas 5s B*l Indpls. C. A S 5s ill % ... Indpls. A Martinsville 55.... 05 ... Indpls. A Norm. 0s 39% 41% Indpls. Street Ity. 4s 57% 62 Indpls. A N. W. 5s 4n% 52% Indpls. A S. E. 5s 45 Indpls , Shell), a S. E. 5s 75 T. lE. I, A E. 5s 55 Indpls. Gas 5s 85 ... f'Utzons (bis 84% 89 Kokomo, M. A YV. 5s 8-5 Did. Hotel Cos. 6 97% ... Indpls. Water 5s 95 Indpls YVater 4%s 81 85 Indpls. T. A T 78 ... Indpls. L. A H. 5s 89 91 I T. of Ind. 6s 50 ... Mer. 11. A E 5s 7)8% ... New Tel. L. I> 5s 96% ... New Tel. Ist 6s 96% Sou. Ind Power 6s 86% 91% bEx dividend. LIBERTY BONDS. Bid. A"k. Liberty first 3%s 7*9.14 7*3.51 Liberty first 4% • 99.42 7*9.70 Liberty s-eond 4As 7>9.2S 99.50 Liberty third 4A" W>2 Liberty fourth 4>d 99.62 99.82 Victory 4%s 100.34 100.54 s-20 shares Belt Ry com., nt 63% Local Curb Market (By Newton Todd ) —May 1 Bid. Ask. Am. Hominy Cos 10 10 Central and Coast Oil % ... * oate Oil Corp A % Commonwealth Fin. com. ... 2S 778 Commonwealth Fin. pfd. ... 48 58 Columbia Eire Ins Cos. ... 6 7% Dayton Rubber Knits 42 52 id fograi h Prod, ifd 27 57 D W. Griffith a 6% Elgin Motor Car 2 3% Fed. Fin. Cos. pfd. 77 7 Fell Fill. Cos. C'UU. 123 133 Gt. Sou. Prod. A Ref .... 6 8% Interstate Pub. Serv. pfd. ... 81 91 Metro, 5-100 Store com .';% 7 M. 5- 10c Stores pfd. ... 19 27 Nat. Cnderwriting 2% 5 ltauch A I.ang l nits 21 3,1 Rub. Tox. 1 'nits B)% 16 (*. S. Auto Etilrs .".') 40 L'. S. Mtg. Cos. I Hits 110 125 BANK STOCKS. Commercial Nat. Bank .... 74 723 font. Nat. Bank I**4 114 1 nil. ’1 rust t'a 176 Ind. Nat. Bank 2"> ! 265 Mer. Nat Bank 2-82 Security Trust Cos 151 14 f) State S iv. A Trust 94 98 Fniiin Trust Cos 3**o ... Wash. Bank A Trust Cos. .. 17>0 ... Weather The following table shows Mtc state of the weather at 7 a. in.. May I, as ol>- ■ Station. Par. Temp. Weather. Didianapolis, Ind... 710.34 s*l Cloudy Atlanta. Ga 3*1.32 5*5 Cloudy Amarillo. Texas.... 29.96 54 Rain Bismarck N. I) 27 78 4s Ciottdy Boston, Mass. .... 30.415 54 Clear Chicago. 11l 30.32 56 *'lear Cincinnat!, 0hi0,... 30.38 54 I'tCldy Cleveland, 0hi0.... 710.32 4.8 Clinr Ilenver, Colo 29.7)** 48 c.oubr Dodge City. Kan... 29.7X5 5 4 Cloudy Helena. Mont 2'!>.98 42 Cloudy Jacksonville, Fla ... 30.20 70 Ear Kansas City. M 0.... 30.18 54 Rain l.ouisvtlle Kv 30.7 t 54 PtCldv Little Hn.-k. Ark... 30.18 58 Cloudy Los Angebs, Cal... 271.94 52 Cloudy Mobile. Ala 30.18 (50 PtCldy N. ml-ans. I,a 30 14 04 Ptf.Tdv New York, N. Y.... 30.48 48 Clear Norfolk. Va 30.48 ."X Clear * * kin ho in a City .... 30.08 58 Cloudy Omaha. Neb 30.12 54 Rain Philadelphia, Pa... 30.50 52 Clear Pittsburgh. Pa 30.42 48 Clear Portland. Ore. .... 301 4 46 Cloudv Rapld City, S. I.) 29.7*0 42 P'Cldy Rosebtirg. Ore .... 3*1.18 4<) Clear San Antonio. Texas. 29.7*8 64 Rain San Francisco, Cal 29.7)8 48 Clear St. Louis, Me 30.24 58 cloudy St. Paul, Minn 30.14 52 Cloudy Tampa, Fla 30.14 68 Cloudy Washington, I>. C.. 30.48 50 Clear

WEATHER CONDITIONS. .Since s?itur(lay dhonem have occurred in the region bft'vfen the Mixx|*sl[>l>l River States nml the Reeky Mountains, due to i depression trough tlmt now extends from Hnskntcbcwnn to New Mexico. In oilier sections the weather has hessn generally fair. i rests occurred Sunday morning In localities from the Ohio River northward, and this morninK in northern Ohio and the middle Appalachian region. Temperatures are somewhat higher, however, over most of the e,entral valleys, CORN AND WHEAT BITAETIN. For the twenty-four hours ending at 7 a. m . M May 1, 1922 Temper- j eture. j I Stations of £ Indianapolis u a f ° c District. lc 3i ££k at *C rjt a-3 c U ® *-< f C §etC 3t. 3* £.££' uS2_ South Bend ! 71 | 4(1 0 Itlootl Angola | 70 I 3ft 0 j Good Ft. Wayne I OS | 4ft ft t Wheat field | 07 j 42 ft | Fair Royal Center | OS | 44 f) j Good Marion 72 | 43 0 | Good Lafayette 70 | 4!J 0 ] Good Farmland 71 | 43 ft Good indianapolis .... Oft I 52 o | Goad Cambridge City. OS 42 0 1 Good Terre Haute 70 52 ft | Bloomington .... 74 41 0 | Good Columbus 74 4K 0 ; Good Vincennes 70 47 0 | Good I‘aoli 70 43 0 I Good Evansville | 72 j 54 0 | j— H armwoton! Meteorologist. Weather Bureau. INDIANAPOLIS PBODCCE. Eggs—Fresh. 21@22c. Butei—Backing stock, 14(<215e. Poultry—Fowls. 17<f|22e; broilers, 1 1 /i to 2 lb. size, 45@46c; leghorn broilers, ut discount; cocks. 12@14c; young hen turks, 8 ins. and up Ssc; young tom tucks, 12 lbs. and up, 35c; old tom turks. 30c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 15@ltl; ceese, 10 lbs. and up, 13@14c; squabs, 11 lbs. to dozen. $5.50@6.(X); old guinens, per nozen, $3. Butter —Local dealers are paying 37@ 38c per lb. for butter delivered in Indianapolis. Butterfat—t.ocal dealers are paying 3Hc per lb. lor butterfat delivered in Indiannou,

SWINE STEADY TO 5 CENTS HIGHER Cattle Market Values Firm— Veals Sharply Up. RANGE Os HOG PRICES. Good Good Good April Mixed. Hee.vy. Light. 24. $10.7,0 @10.40 $10.45@ 10.50 $10.00^1*1.65 25. t0.40$ 10.50 10.;i.,4( 10.50 10.501 t 10.66 26. 10.604j5 10.70 10.65 <&. 10.70 10.76 & 10.75 27. 10.50010.60 10.45® 10.50 10.60 28. 10.70® 10.80 10.654iU0.80 [email protected] 29. 10.70® 10. SO 10.65 ® 10.80 [email protected] May 1. [email protected] 10.70® 10.55 10.55®10.90 With receipts close to 3,500, swine prices were steady to 5e higher in trade on the local livestock exchange today. The packing demand was fair, but the shipping demand was poor, due principally to light receipts. YY'ith only a few hogs on the market, shippers sent their orders elsewhere to be filled. Trading was rather active, however, and practically all of the receipts were sold at an early hour in the forenoon. There was n top of $10.90 on light, while tbe bulk of the sales for the day ranged at $10.85. There was a top of $10.90 on light, while the bulk of ike sales for the day ranged at $10.85. There were but few heavy swine on the market. The bulk of the receipts were mixed, light mixed and light hogs. l'igs were in fair demand, selling at the price of the loads and down. Roughs and stags also were in good demand. Cattle prices * uled steady to string, with receipts close to 1,000 for the day, the quality fair and the demand by pack ers good. Cows and heifers were steady to strong, while steers were steady, as were bulls. Cauners and cutters won in fair demand at prices that were about steady. Due to light receipts, swine ' prices were strong to 50 cents higher. There was a top of $9.50 on choice veals and tile bulk of that grade S"hl at $8.50'0,9. Shippers displayed fair demands. Trading, however, was more active during the early hours. There was a tendency toward weakening of values before the close. There were about 125 sheep and lambs on the market, and. with the quality fair and the demand gout!, prices ruled steady generally. HOGS. 100 to ISO lbs. average $lO 55tri.10.90 over 300 lbs 10.75 it io so 150 lbs. to 300 lb" 10. 7.V0 Hl.:* * Rest pigs, under 110 lbs 10.25'u. 10.85 Top 10.90 Roughs 10.7 'if 9.5 * Stags C.oO'i.t 7.75 Bulk of sales 10.85 —tattle— Prime corn-fed steers, 1,000 io 1.800 lbs S,oo@ 8.50 Good to cholc* steers, 1.200 to 1.34*0 lbs 7.25® 7.75 Good to choice steers, 1.100 to 1,200 lbs 6 75® 7.25 Good to choice steers, 1,000 to 1,100 lbs 6.00® 6.23 Common to medium steers B**o to l/oo lbs 5.75® 600 —Cows and Heifers— GoM to choice heifers $ o**® 8.50 Medium heifers 7.so*<i. S.tiO Con non to me*l •i h Ifers.. 66.50® 7.00 * 6.5 S- * ■ Cauners $.04 * ill rs .* 3.00® 3.7 —Bulls— I'.iiti-y butcher bulls 5.75® 6.50 Good to choice l :• 1 : • . i 6.25 :n.i buff* 4.00® 475 Light blogna bulls . ; ; 40a Eight common bulls 3.25® 3.5*0 —( -live**— I’h'dce veals 8 50') 9.50 ! <;*>** 1 veals B.**4l® 8,50 Medium veals 7.'*<* •/ Bno Coi veals 0.5"® 7.0*) Lightweight v.-als O.ooq 6.50 Stockers and Feeders—i Go- *1 to choice steiTs under 800 13s. 625® 7.5,0 Medium cows 3.4)0® 4.00 (I'M I cows 3 7.4 75 <;,* ■ I heib rs ft* i 7 o*i Medium to good heifers 4.50® 6.00 —Sheet* and Lambs — Pull ewe* 2.50® 5.0*1 Good to choice ewes .'*..''.**•,t s r*l Bucks 2.5*1 j 3.50 Clipped lambs 10.**•' u. 12 •'•** U i*<*l lambs 12 ****** t.,: * Springers 14.00®16.00 Buck lambs 6Do® 7.00 Culls 4.00 *(, 0.00 Other Livestock CHICAGO, May 1 Hug- Receipts. 49,000: mark'd, io r. 15 cents lower; hulk <•£ Mill's. $1 i.ltl'.i It*.t'D : (op, sl** 6.*; heavies. *10.25'. 1 111. 40 ; in.- Itu.i’-. s|o:h, (*'I4MW; liglits $lO ss**./ loX**. light lights, $10.5*1 .(.IO.*kl; I*, i\ \ pai kitig wa *. th, $9.40®9.H5; pigs, $9.50 (10.50 Cattle Receipts, 2.'*,oo<i; market, st* :*•!> to 15 cents luwer. It -f (ffi.u.c anil t rime. sß.*2,'<f '.*.25 ; medium and g*.ml, $7.50*0 Nik*.; good and <• It■ '<■**, sN2s'o 9.10 ; eommon arul me*liuiu. s*;.!*oi 7.25. But* !* er cattle Heifers, s ~i'-V>i s.ts*, <.• -. s4*s '<:7:'*; bulls. $ td'-Vd 6 8.',. < 'aimers and cutlers—4'ows and heifers, > ; ',*l '/ 1I; (inner steers. $1.2.Vd5..Mi; veal calves, light. n*id handy weight, SOus; feeder •leers. s6® 7.75*: stocker steers, $5.75® 7.lk'*: stock* r ecus and heifers, $4 I.Vk 6. ; Sheep unit Laiulis—Receipts, I'.OtiO:' market, steady to a stiaile lower; good ; to clioicu Inntbs. sl2® 14.85; culls and commons, $9.50® 12: yearling wethers. $9.75*112.75; * we*. s7® s.siO; cull and common ewes, $3.25'u7. CINCINNATI. May I.—rings Receipts. 9000; market, i;, (~ *.*r, cents low, r; all grades good hogs, sl**7s; pigs, $10.25; roughs. $.5.50; stags. $5 25. Cattle- Receipts, 1.7*10; market, steady to strong; bull", strung; calves. $8.50. Sheet* and lambs Reeclpi s. 500; market, ewes, SS; clipped ewes, $6; choice lambs, ! ?19. , ' ’I.EVELA ND, May I.—Hogs -Receipts, | 6,04*0; market, 10'</2i)e lower: yi rkers 1 mixed, meditints aml pigs. $11.15; roughs.! ss.s(l; stags, $5.50. Cattle Receipts, E*i*K*; market. 25e lower; good to choice steers. $8®8,50; good to choice heifers, s4l® 7.50: good to choice < ows, ss® 6.50; fair to good cows. s4® 5; common'cows. s3®4; good to choice bulls. "tifoT; milkers., s3s® 75. Sheep and lambs—Receipt", 1.144): market slow; top. $15.50 Calves - Reeeipts, 1,290; market slow; top, $9.50. EAST ST. EDITS. 111., May I.—Hogs Receipts, 18,500; market, 10® 15c lower; mixed and hoteliers. $1(1.55®;i0..V : good heavies. sß*.3li® 10 5(); rougiis, ss..‘ light". slo.4o®do .""I; pigs. s9® 10.40 ; h iff, i of sales, SR*3s® 10.5*1. Cattle -Rec* ,pt", I 4.500; market slow aod steady; native beef sti'ers, sß*a*®9.2s; yearling ami heifers. $-8.40® 9,15; cows. "16/7: stoekers and feeders. ss® 7.25; l alvcs. $•'*(;; f'.ro; cauners mol cutters. $3.25®4. Sheep and lambs Receipts. 2,000; market sieaily ; mutton ewes, sß®i>; goo*l to choice lambi, $11®%2; cauners and choppers. $2.-50® I. PITTSBURGH, May I.—Hogs Receipts, 7,500; market, steady; prime heavies. SH; mediums, $11.25® 11.35; light Yorkers, heavy Yorkers and" pig", $11.50® 11.55 ; roughs, $7.75'*; 8.72*: stags, $4.75®5.25. Cattle — Ueeetpts, 1,000; market, 15 to 30 cents higher; choice, $>..505; 9; prime. $8.25*; 8.50 ; good, sß*.i 8.25; tidy butchers, $7.50®8; fair. $6*11.7; common to gootl fat bulls. s3r*o*ii6; eomiTinn to good fat cows, $2.50®0; heifers. $55;;7.25; fresh cows anil springers, sso® SO; veal calves. $!); heavy tind thin calves, s4® 6. Sheep and Lambs—Receipts, 5.000; market. 50 cents higher; prime wethers, $9.50® 10: good mixed. $8 25®9; fair mixed, $7®S; ettlls and commons, s3@s; choice iambs, $15.50® 15.75. CLEVELANB I’KODI CE. CLEVELAND, May 1.-Butter—Ex-tra, 4546 c; prints, 46%®'47c; firsts, 41%®!45c; packing stock. 17@19e. Eggs —Fresh, 29c; Ohio firsts, 25%®20e. Oleomargarine. 21®22e; high-grade and mal nils, 22®;22(gC; lower grades, 16®T7c. Cffteese— Y ork State. 22',5® 25c. Poultry— Live fowls, 30®ff’>te; roosters, ISc; broilers, 40® 'iOe; yearlings, 30® 31c. IIAY MARKET. The following are the Indlannpolis prices for hay, bv the wagon load, dePvered in Indianapolis: Hay—Loose timothy, $17(fjl8; mixed ha.v, sl6® 17; baled hay, sl7® 18. Oats —New, per bushel, 42@45c. Corn —Both old and new, per bushel 60 ®l6sc. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift & Company: Ribs—No. 2,18 c; No. 3.15 c. Rounds— No. 2,14 c; No. 3,13 c. Loins—No. 2, 20c; No. 3,17 e. Chucks—No. 2,11 c; No. 3,10 c Plates—No. 2,7 c; No. 3,6 c.

GRAIN SUFFERS LATE DECLINES Profit-Taking Causes Loss of Part of Early Gains. CHICAGO, May I.—Grain prices were higher at the close of the Chicago Board of Trade. The market had been firm throughout the day, but profit taking just before the close resulted iu loss of some earlier gains. The market had a strong undertone. The visible supply of wheat showed a decrease of 212,000 bushels; corn decreased 3,450,000 bushels; oats 3,910,000 bushels and rye 304,000 bushels. Provisions wi re higher. May wheat opened up l%c at $1.41% and closed unchanged. July wheat opened up %c at $1.27 and closed up 1%0. September wheat opened up %c at $1.19% and closed up %c. May corn opened up %c at 61 (4c and closed up %c. July corn opened up %c at (*s%e and closed up ', 4 c. September corn opened up %c at 67%c and closed up %e. May oats opened up (4c at 30%c and closed unchanged. July oats opened unchanged at 59%e and closed unchanged. September oats opened up %c at 41 %c and closed off %c. (By Thomson A McKinnon.) —May 1— Wheat—Deliveries of May wheat were about of the volume expected and were taken care of by one or two commission houses. Liquidation of May contracts appeared to have been previously completed. as offerings in today's market were small. Prices have an undercurrent of firmness gathered from a slight show of strength in foreign markets and from a further continental demand for new crop Fnited States wheat and nearby shipment old Canadian wheat. Total business reported today are around 1,00,000 bushels about equally divided. Crop outlook in Germany reported quite unfavorable. Major portion of the demand for our new crop is from that country. YY'orld's shipments were only 11,000**4)0 bushels and yet the amount on passage increased three and three quarter millions, which suggest" no urgency iu the immediate foreign situation. Private authorities estimate the yield of our new crop of winter wheat trout 567.0fK1,000 to 553,1KX).4H)0. as against final yield last year of $587,0041,000. The area to be seeded in spring wheat is expected to be a little smaller than a year ago. Current receipts of old wheat in all mark, ts quot* and firm, although demand not particularly brisk. The fact that the present prospect of winter wheat yield is slightly lower than a year ago gi'.es the market an undercurrent of firmness which would quickly turn to strength if the crop news became distinctly unfavorable, hut there is not suffb lent foreign business in the new crop or demand * f any .-,*rt for old wheat to make the market buoyant. YY’e nnricipat • rather uninteresting and narrow market, pending developments. Corn and cats —The domestic demand f.• r corn was reported as somewhat better, which condition encouraged those who are friendly to this grain. Elevator interests were again buyers of May corn and oats as offerings came into the market, but were sellers of rho July. The decrease it* the oats visible is the largest with which we have been fa voroil It 1" attributed to a movement to Canadian ports to till export sales already made **r yet to be made. Both of these markets display firmness, although neglecf.'d by the outside trade. Provisions Deliveries of provisions were confined to 2.0*>.000 pounds of l *r*i. then for.- x. ry little new selling of May >ntr.:--ts. Deal site cash trade is good. European lard trade is moderate. Improvement in both is expetced. CHICAGO GRAIN TABLE. May 1 - WHEAT Open. H%l). Low. Close. M 1.41 . t.4'2 1.49 141% .til!'. 127 * I 28% 1.26'4 !.2% Sep;.... 1.19 1.20 1.18% 1.19% CORN— Max 61 % .61 % .Iff .61% July 65% .65% .'-1% .65% S- nt 07% .68% .67% .08% OAT S- - 56% .37% .56'j -36% JuiV.. . 39% .I'*% .39% .5.8% S, pt.... 41, .41% .11% .41% PORK •M,v 21.00 LA KD Mac. . 10 B*s 10 97 10 77 1*4.90 .1 ,i|\ ... 11**2 1120 11 02 11.13 Sept 11.27 11.40 11.27 11 37 RIBS - •Max 31.97 .lux 11**5 1125 119,5 11.25 •Sept H. 74 RYK - Max !*e% 1.08" j I lls', 1.08 July 1.04 1.04'a 1.03% 1.01% •Se| t .98 •Nominal. ( Ill* M,i) ( Y>II GRAIN. CHICAGO. May L—Wheat—No. 1 hard xxiut-r. sl-i)%: No. 3 mixed. St.ffe o 1.55: ,\ * 2 1 aril winter, $1 It", ; N* . f* hard winter, $124 Corn —No 2 mixed. 61 "4 ■ i 62' 4 e; No. 2 winter. 03',0! No. 2 y* lj,, ,*-. r,2'i'n 63c : No. mCx.-d, o**%® 61 ■,o ; No 3 white, 62'*i *l2' c: No. 5 yellow. 61'., ®62 : No. 4 mixed', 60c; No. 4 yellow, .'.9%® 60%c Oats—No. 1 w hite, 44® lt%c: No. 2 white, 4"'d42%.e; No. 3 White. 3.8% t, 10%c ; No. 4 white, 36®. loc. TOLEDO SEED AND GRAIN. TOLEDO, May 1 Cloversoed - Cash. $1 :;.:)**; OcttdnT, $11.27*. A’.sik*' -t'ash. .'ffo..3o;' August. $ 10. Timothy—Cash, $2.90 : May, $2.90. September, $3.30; Detober, $5.2.5. Wheal -Cash, $1.41®; M 42; Mav. $1.41%; July. $1.30%. Corn—t"isli. (;>i%(ifii7E". oats—Cash, 4 4^43c. liye—Cash, $l.()f; Barley—Cash, 68c.

ntIMARY MARKETS. (By Thomson & McKinnon.) May 1. —Receipts W scut. Corn. Oats. St .Toscph.... 81.00 ft 67.000 6,000 Chicago 75,00- 2::s.<n>o 235.000 Milwaukee ... 8.000 167,000 131.00 ft Minn apolis 27ft.OtH) 71.000 120,000 Ibiiut h 35.000 24,000 St I.mils .... 90.000 105.0',K) 155.000 Toledo 14,000 9.000 2.000 Detroit 0,000 14.000 S.ooo Kansas City.. 27ft.<Mi 104,00 ft N'.OtH) Peoria 4,000 80.000 6.3,000 11 malm 91.000 SU.uoO 4tt.ois Indianapolis... 31,00 29,000 36,000 Totals 949,000 l,18iH)00 820,000 Viar ago.. .1.120.000 781,000 610,000 —Shipments— Wheat. Corn. Oats. St Joseph.... 18,00 ft 36.000 20.000 Chicago 1 I.<MM) 071.000 191,000 Milwaukee ... 7,00 ft 500,000 27.000 '.nncaiiolls. . 100.000 49.000 181,000 I'ninth 3,000 1,000 St Louis 54.000 41,000 67.000 Tub'd' 4.000 4.000 Detroit 4.000 2,000 2,000 Kansas City.. 135.000 38.000 14.00 ft Peoria 5,000 tl.bOft 90.000 Omaha 192,000 197,000 42.0(H) Indianapolis.. 3,000 28,000 20,000 Totals 642.000 1.584.000 050,000 Tear ag0.,,. 815.000 824,000 oftl.OOO —Clearances Wheat. Corn. Oats. New York.... 88.000 34.000 60,000 Boston 80,000 Philadelphia 517.000 New Orleans.. 55,000 43,001) Totals .. 223.000 591.000 60,001) Year ago. ..2,890,000 579.00 > 272,000 INDIANAPOLIS CASH GRAIN. —May 1— Bids for ear lots of grain and hay at the call of the Indianapolis Board of '■ Trade were: Wheat—Firm; No. 2 red, [email protected]. Corn —Strong: No. 3 white, 0,17 fn 01 e : No, 4 white, (KBiffiOSc: No. 3 yellow, 03 f.Dile; No. 4 yellow. 02Q(13c: No. 3 mixed, 02f" 03c; No. 4 mixed, 01@62e. Oats—Firm: No. 2 white, 41@42c; No. 3 white, 40(i/'4lc. Hay—Steady; No. 1 timothy, sl9@ 10.50: No. 2 titmothy. slS.sft@ Ift; No. I light clover mixed, slsib, 18.50; No. 1 clover, $19.50 @20.50. —lnspections W r heat—No. 4 red, 2 red; sample, 3 cars; total. 5 cars. Corn —No. 1 white, 2 ears; No. 2 white, 1 car; No. 3 white, 4 oars; No. 4 white, 2 ears; No. 5 white, 2 cars; No. 2 yellow, 1 car; No. 3 yellow, 1 car; No. 4 yellow, 3 cars; No. 5 yellow, 6 cars; No. (I yellow, 0 oars: No. 3 mixed, 3 cars; No. 5 mixed, 1 car; No. 6 mixed. 2 cars; sam plo mixed, 1 car; total, 35 cars. Oats —No. 2 white, 3 cars: No? 3 white, 17 cars: No. 4 white, 5 aers; No. 2 mixed, i 1 car; No. 4 mixed, 1 car; total, 27 car3. Rye—No. 3. 1 car. 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 and according to te,t for No. 3 red winter.

In the Cotton Market NEW YORK, May I.—Che cotton market was irregular at the opening today, showing an advance of 5 coints to a decline of 4 points. The chief buying was by commission bouses, New Orleans and Wall Street. Liverpool sold January and there was realizing in new crop mouths, based on good weather in the L-elt. NEYV YORK, May I.—Opening cotton prices, May, 18.30 c; July, 17.88 c; October, 17.85 c; December, 17.SSc; January, 17.81 c; March, 17.88 c. The market turned firmer in the late dealings, closing at a net advance of 30 to 48 points. COTTON FUTURES. Open. High. Low. Close. January 17.81 18.23 17.80 18.23 March 17.88 18.33 17.86 18.33 May 18.30 18.70 18.20 18.09 Julv 17.75 18.10 17.75 18.09 October 17.85 18.30 17.83 18.28 December 17.88 18.35 17.88 18.32 —Cotton Review— NEW YORK, May I.—The cotton market was more active today than in some time. The demand for contracts was fairly constant from tbe very start. The heavy rains in central Texas will not only cause further overflows of the bottom lands along the creeks and rivers, but will also leave the uplands In a condition where no work will be possible for probably several weeks. Supplies are going to be very small at Ibe end of the season and the world is in great need of cotton and cotton goods. YVe continue to advocate the long side and would buy the new crop on all reactions. LIVERPOOL, May I—There was a fair demand for spot cotton at the opening today. Prices were easier and sales close to 6.000 bales. American middling, fair. 11.68d; good mb'flffng, 10.03d; fully middling, 10.33d: • Middling. 10,18*1: !"xv middling. 9.73d; ; good ordinary, 8.88*1; ordinary, S.3Sd. j Futures were quiet.

Statement of Condition OF THE Union Reserve Insurance Company NEW YORK. N. Y. 347 Madison are. ON THI3 31st Day of December, 1921 BERTRAM IT. FANCHER. President ALBERT T. TAMBLYX, Secretary. Amount of capital paid up....$ 500,000,06 NET ASSETS OF COMPANT. Cash in banks (on Interest and not on interest) $ 385,099.84 Bonds and stocks owned (mark'd value) 1,192,030.00 Accrued securities (interest and rents, etc.) 11,155.56 Premiums and accounts duo and in process of collection 79.289.67 Total net assets $1,577,657.87 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks * 548,213.76 Losses due and unpaid 207,364.90 Bills and aceontt:s unpaid.... 97.51 cither liabilities of the company 300.00 Total liabilities $ 755.975.27 Capital 500.900.00 Surplus 321.652.60 Total $1,577,067.87 State of Indiana, Office of Commissioner of Insurance. I, the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on the 31st day of December, 1921, ns shown by the original aiatement, and that the said original statement is now on file in This office. In testimony whereof, I hereunto subecrlbe my name and affix my (SEAL] official seal, this Ist d*T of April. 1922. T. S. MeMTRRAY, JR. Commissioner.

Statement cf Condition • OF The Connedieui Fire Insurance Company 1 HARTFORD, CONN. 30 Trinity st. ON THE

31st Day of December, 1921 EDWARD MILLIGAN, resident. JOHN A. COSMUS, Secretary. Amount of capital paid up... .$1,000,000.00 NET ASSETS OF COMPANY. Cash' in banks (on interest and not on interest) $ 529.461.0S Bonds and stocks owned (market value) 10,175,204.00 Mortgage loans on real estate (free from any prior incumbrance) 405,300.00 Accrued securities (interest and rents, etc.) 132,970.19 Loans on collateral 10,000.00 Cash in office 790.75 Premiums and accounts duo and in process of collection 749.562.09 Bills receivable 52.5f6.13 Rein, due from other Cos. on paid losses 62,393.42 Total neg assets $12,421,017.0< LIABILITIES. Reserve er amount necessary to reinsure outstanding risks $ 0,490,560.64 Losses adjusted and not due 173,334.10 Losses unadjusted and in suspense 918,933.02 Bills and accounts unpaid... 50,000.00' Other liabilities of the company 200,000.00 Total liabilities $ 7,832,827,761 Capital 1.000,000.001 Surplus 8,588,189.90 | Total $12,421,017.66, Greatest amount in any one risk $ 100,000.00 State of Indiana, Office of Commissioner of Insurance. I, the undersigned, commissioner of insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on the 31st day of December, 1921, as shown by the original statement, and that the satd original statement is now in file In this office. In testimony whereof, I hereunto subscribe my name and affix my [SEAL] official seal this Ist day of April, 1922. T. S. McMURRAY, JR.. Commissioner.

MAY 1,1922. 1

PLAN COUNTER TO FORD OFFER House Will Ask That Liability in Suits Be Assumed. WASHINGTON, May I.—The House Military Affairs Committee ha3 decided to ask Henry Ford to accept a counteroffer for the Muscle Shoals nitrate proi® ect which it is now framing, JuliiSl Kahn, chairman, said today. The committee apparently believing Ford's offer Is tho most accetpable to Congress, has temporarily at least, eliminated all ohter offers from its consideration, but there still exists some strong opposition in the committee to the Detroiter’s proposal in its present form. The outstanding feature o ft he counterproposal which the committee is preparing is understood to be that Ford assume nil liability for all suits against the Government growing out of the project. CHICAGO PRODUCE. CHICAGO, Slay I.—Butter—Receipts, 11,100 tubs: creamery extras, 37',"c; standards, 37c; firsts, 33®37c; packing stock, 16® 18c. Eggs—Receipts, 55,8:}:* cases: current receipts, 22%®23c; ordinary firsts, 21%t022c; firsts, 230 c; checks, 19c; dirties. 19®19%c. Cheese—Twins, new, 14%® 15%c; Daisies, 15® 15 %c; Y'oung Americas, 17®17%c; Longhorns, 15@15%0 ; Bricks. 15%® loc. Uve I’oultry—Turkeys, 30c: chickens, 20c; broilers, 42®’50c; roosters, 16c; geese, 18c; ducks, 25c. STANDARD OIL OF INDIANA. Sales, 81,000 shares. Open, IOS'/i: high, 106%; low, 103*4! close, 100-li. JAMES It. BROWN DIES. FRANKFORT, Ind., May I.—James R. Brown. 77, for many years surveyor of Clinton County, is dead at his home here. His widow and three daughters survive.

Statement of Condition or THE American 1 Re-Insurance PHILADELPHIA. FA. 242 S. 13th et. ON THE 31st Day of December, 122. HARRY BOULTON, Trasident. W. B. ATIIEY, Secretary. Amount of capital paid up....$ 750,000.0 NET ASSETS OF COMPANT. Cash in banks (on interest and not on interest) $ 79,624.0 I Real estate unincumbered 4,500.01 Bonds and stocks owned j (market value) 2,803.458.7 1 Accrued securities (interest * and ren*s, etc.) 47,533.3 ! Premiums and accounts duo and in process of collection 137,019.04 Total net assets $3,072,135.73 LIABILITIES. 9 Reserve or amount necessary to reinsure outstanding risks $ 491,978 R Losses due and unpaid 1,219,5*53.04 Bills and accounts unpaid.... 45,544.4* ! Other liabilities of the comi pany 30,000.04 ! Total liabilities $1,790,086.25 Capital 750 090.0 C Surplus 532.049.48 Total $3,072,135.75 State of Indiana. Office of Commlssionei of Insurance. TANARUS, the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above Is a correct copy of the statement of the condition of the above mentioned company on tbe 31st day of December, lOtff, as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto subscribe my name and affix my (SEAL.) official seal this Ist day of April, 1922. T. S. MeMTRRAY. JR., Commissioner.

Statement of Condition OF THE Queen Insurance Company ol America - NEW YORK, N. T. 84 Williams st. ON THE

31st Day of December, 1931 NEYITT R. BARTON. President. FRANK E. JENKINS, Secretary. Amount of capital paid ttp....52,000,00Q1M NET ASSETS OF COMPAKX. Cash In banks (on Interest and not on interest) $ 6~9 l7ft ff Bonds and stocks owned (market value) 14,649,37448 Mortgage loans on real estate (free from any prior incumbrance) 30.000.89 Accrued securities (interest and rents, etc.) 148.604.78 Cash in company office 11,201.84 Reinsurance due on losses paid 05,7924* Premiums and accounts due and In process of collection 1.508,341.® Total net assets LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $ 8,062,629.72 Losses adjusted and not due 1,279,835.94 Bills and neeounts unpaid... 23,536.77 Other liabilities of the company 460,924.92 Total liabilities ( 9.627.427.%i Capital 2.000,00fU® Surplus 5,298,172.2™ Total $17,125,599.64 State of Indiana, Office of Commissioner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on tbe "Ist day of December. 1921. as shown by the original statement, and that the said original statement Is now on file In tills office. In testimony whereof, 1 hereunto subscribe my name and affix my (SEAL.) official seal, this Ist day of April. 1922. T. 8. McMCRHAY, JR., • Commissioner. i