Indianapolis Times, Volume 34, Number 311, Indianapolis, Marion County, 10 May 1922 — Page 12

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MARKET PACE SLOWS UP IN QUIET SESSION News Bearing on Situation No Incentive for Heavy Trading. NOTE SAGGING IN LIST Special to Indiana Dally Timas and Philadelphia Public Ledger BY MONITOR. NEW YORK, May 10.—Further slackening In the market’s pace characterized Tuesday's session, and the action of the general list indicated a somewhat stale position with no broad speculative Interest or definite price views at the moment. As t matter of fact, neither the standpoint of financial or industrial development, or news bearing on the situation Is there any special incentive for unusual activity. Reports from Genoa are unsettling to those who expected tangible progress, but they appear to confirm the impressions of the conservative clement, as these anticipations have amounted to nothing more than discussion that may lay basis for future understandings. • From a trading standpoint the market appears to have employed about every group, and most of the individual isues. While there Is apparently no occasion to look for exceptional weakness. It would not be in the least surprising if the market proved to be more or less of a dragging affair until the technical poMtion had become sounder. So far as the day's price movements were concerned the general list showed a disposition to sag. while a few specialties displayed strength. Among these were C'oca Cola, American Cotton Oil. General Electric and Royal Dutch, among the industrials and New Haven among the rails. I*ea!ings of two points or more took place throughout the list, but in quite a number of instances they represented the readjustment in prices of relatively inactive stocks. The report of I'nited States Steel on unfilled orders will be issued tomorrow. The Street appears to be rather confident that the tonnage will be In excess of 500,000.

WALL STREET GOSSIP BY MOXITOK. NEW YORK. May 10.—United States assumption that today’s unfilled tonnage report will show a very substantial increase. Estimates vary all the way from 500.000 to 1.000.000 tons, because of the uncertainty as to Just how many orders were- probably refused because" of the coal strike. I'nited States Realty Is si ill holding strong, and yesterday reached *lO, a newhigh for rhe year. General factors entering into consideration on realty are decidedly favorable, and It is expected that earnings for the current year will be very good. Wall Street is not especially at the attack launched upon independent steel merger by Senator LaFollet'e. Inasmuch m the" courts of the land have finally decided that the I'nited Stares Steel Corporation does not constitute a mo-.opoly. It Is hard to see how a smaller combination composed of competitors of the I'nited Mates Steel Corporation and banded in an organization patterned closely after tjiat of the leading Interest, would be violating any trust law. There has been no further reports upon the general situation In the independent merger, but some of the members ot Me Inspection party are due back in New York tomorrow, and if Is considered probable that the end tills week will see more definite details as to the plan. According to a s*ory In circulation here emanating from Cleveland. President W. C. White has denied current rumors that White Motors was considering consolidating with another truck company. At the same time Mr. White stated that business was very good, and that 987 orders were received in April as coin pared with 840 for the same month a year sgo. After a rather desultory start, the rail stocks picked up in activity In the last hour, with New Haven and othe* moder-ate-priced stocks assuming the bad. The street has been somewhat disappointed by the failure of the Interstate Commerce Commission to act upon the pending rate cases, and it is now believed that th commission may be holding back their report so that it may appear at about the same time as the Labor Board decision on the wage questions. Chicago Pneumatic Tool is holding consistently steady, with buying of the issue based upon expectation of largely increased business. The output of the Pneumatic Tool Company should naturally benefit greatly by the resumption of operations in copper mining, while the nation-wide Increase in building is also making for a very good demand. With railroads placing much larger orders for equipment of all kinds, another outlet for Pneumatic Tool Is found, and traders who are following the long side here are decidedly optimistic over the outlook. The Kayser Company, which recently sold s4,ofti),ofto of 7 per cent bonds Is reported to be considering greatly Increased operations with this new money. At the present time, the company has an annual output of 300,000 dozen pairs of silk hose, and It is believed that this will be doubled, which will make it the greatest producer of siik hose In the world. It is already the largest manufacturer of silk gloves. A side light on current conditions in the tire and indirectly in the motor Industry conies from Akron, where It Is reported that several of the leading manufacturers of rubber goods are working night shifts. Companies are competing for labor, and at the present time such few men in Akron as are unable to obtain employment are those who are unskilled in any line of tire work. Corn Products ran into a burst of profit-taking and sold below par, although the closing rally carried the stock back to 100% at which point It showed a net loss of one point. In view of the current operating conditions in Corn Products. It would be difficult to ascribe the selling flurry to anything more than a profit-taking move. American Safety Razor net profits in 132 V amounted to $154,878. or at the rate of 13 cents per share on the outstanding stock, as compared with 43 cents per share in 1920.—Copyright, 1922, by Public Ledger Company. INDIANAPOLIS PBODICE. Eggs—Fresh, 22®23c. Butter—Parking stock. 15c. Poultry—Fowls. IS@23<-; broilers. 1%®2-Ib size, 45c; leghorn broilers at discount; cocks, 14c; stags, 14c; young hen turks, 8 lbs and up. 32c; old tom turks. 25c; cull thin turkeys not wanted: ducks. 4 lbs and up,l6@l7c; geese, 10 lbs and up. 14c; squabs. 11 lbs to dozen, $5.50@6; old guineas, per dozen $3 Butter—Local dealers are paying 35® SGc per lb for butter delivered in Indianapolis Butterfat —Local dealers are paying 35c per lb for butterfat delivered in Indianapolis. CHICAGO PRODUCE. CHICAGO, May 10.—Butter—Receipts, C. 723 tubs; creamery extras. 35c; standards. 34%c: firsts, 31®34c; packing stock, 17fel8e. Eggs—Ri-ceipts. 21.990 cases; current receipts, 23%fe24c; ordinary firsts, 22®22He; firsts." 24%®25c: checks. 2ft %® 21c: dirties, 21 %® 22c. Cheese —Twins, new, 13Vi® 15% e; Dntsles. 15%® lfic; Yonng Americas. 10%c; Longhorns, 16c; bricks, 14 %® 15c. Live poultry— Turkeys, 25c; chickens. 25c; springers. 3s®4sc; roosters, 15c; geese, 14c; ducks. Sc.

ft. T. Stock Exchange (By Thomson &■ McKinnon.! -May 10.— Prev. High Low Close Close Ajax Rubber .. 17% 10% 18% 18% Allied Chem. ... 66% 88% 66% 66% Allis-Chalmerß . 49% 48% 48% 48% Am. Beet Sug... 38% 38% 38% 38V, Am. Can 48V S 40% 46% 47% Am. Ice 104% 103 103 101 Am. H. &L. pfd 66% 66% 06% 60% Am. Int. Corp.. 44% 43% 43% 44 Am. Loco 114% 113% 113% 114% Am S Foundry 35% 38 3S 38% Am Smelt ' Rf 38% 56% 50% 57% Am Sugar Ref.. 74% 73% 73% 74 Am Sum T Cos 34 33% 33% 34% Am Tel & T... 122 121% 122 122% Am Tobacco ..141% 139% 139% 142% Am. Wooleu .. 92 91 Vs 91% 92% Anaconda 53% 52% 52% 51% Atchison 100 99% 99% 99% At Coast Line..lol 101 101 101% At G & W 1.. 36% 35% 35% 36 Austin Nichols.. 25V 4 25% 25% 25% Baldwin L0c0..117 114 114% 110 B & 0 46% -46 46 40% Beth Steel (B) 78% 77% 77% 78 Brook R T 26% 25% 25% 25% California Pete. 50% 55% 55% 50% Can. Pap. Ky.... 141 139% 139 141 Central Leather 36% 36% 36% 30% Chandler Motor 73% 72 72 73% C. 6c 0 64% 64% 64% 05 CM. A -St. P.com 26% 25% 23% 26% CM. & St.P.pfd. 43 42 42Vi 42% Chi. A N. W... 74% 74 74 74% (’., R. I. A P.... 43% 42Vs 42% 43% C.R.lj&.P.6 r 4pfd.. 81 81 81 Si CR.l.A*.7%pfd.. 95% 95% 95% 95% Chill Copper... 19% 19% 19% 19% Comp. A Tnt>... 72% 60 60 s 70% Cluett A Penbdy 55 55 55 55 Chino Copper... 28% 27% -7% 27% Colum. Gas 88% 87% 87% 57% Coca Cola 58% 56% 56% 57% Col. F. A 1 33 32% 33 32% Consol. Gas 117% 115% 115% lls% Cont. Can 65% 64 64 66 Corn Prods ....100% 90% 100 100% Crucible Steel... 69% 67% 67% 68 Cub. A. Sugar.. 21 % 21% 21% 21% Cub. C. Sugar.. 15% 15% 13% 15% Ilela. A Lack... 117 116 116 117 Dome Mines .. 27% 27% 27% Erie 13% 13 13 13% Erie Ist pfd.... 22% 22% 22% 22% Endieott A J... 83Vi 82% 82% 82% Famous Plavers 81 SO 80 80% Fisk Rub. Cos.. 18% 18 18% 18% Gen. Asphalt... 62% 60 60 61% Gen. Electric... .166% 162 162 166 Gen. Motors.... 12% 12% 12% 12% Goodrich 40% 40% 40% 40% Or. North, pfd. 74% 74% 74% 74% Gt. North. Ore 39 35% 38% 3*% Gulf States 5... 82Vi 81 81 83 Hupp Motors .. I*% 18% 18% I*% Houston Oil ... 79% 77% 77% 7**% Illinois Central.ll4% U‘4% 104% 1<4% Indiahoma 4% 4% 4% 4% In. Copper .... 40% 4040 40 Inter. Harvester 95% 97% 97% .... Infer. Nickel .. 17% 17 17 17% Inter. Paper ... 51 49% 49% 51 In. Oil 17% 17% 17% 17% Kansas C. S. .. 27% 26% 26% 27% K. Tire 51% 50% 50% 51 Kenn. Copper .. 3!% 33 33 33*4 Lack. Steel .... 59% 5'% 58% 59 Leo Tire A R.. 35% 33 35 53% Lima Loco. ...110 lo>% los% Inf Lehigh Val 61% 60% 60% 61% L. A N 117 117 117 11''% Loews. Inc 16% 16% 16% 16% Marine com 24 22% 22% 23% Marine pfd 83% 82% 82% 82% Mav Stores ...117% 117% 117%. 117 Marvlaiul Oil .. 31 30% 31 30% Mex. Pet 132 127% 127% 130% Miami Copper . Mid States nil. 14% 14% 14% 11% Mldv. Steel 37 36% 36% 36% Mis Par. Rv.... 23% 23% 23% 23% Mo.-Pae. Rv. pf. 57 55% 551 Mont. A Ward. 21% 20% 20V, 21% Natl. Lead 93 93 93 93% Nev. Con. Cop. 16% 16% 16% . . N. Y. Airbrake. 76 76 76 76 N Y. Central... 89% KB% 89 89% New Haven 30% 29% 29% 30 Norf. A We5t..106% li(6 list 107 North. Pacific. 75% 75% 73% 75% Ok. Pro. A Kef. 3% 3% 5% 5% Owen Bof. com. 36% 36. 36% 36% Pacific Oil 66% 64% 64% 65 Pan. Am. Pete. 64% • 62% 62% 63 Penna Ry 41% 41% 41% 41% People's lias.. . 87% *7 87% 87 Pere Marquette 31% 3<*% 3u% 30% pierce Arrow ... 22% 21% 21 % 21% Pro. A Refiners. 37 36% 36% Pull. Pal. < 'ar.,122% 120 120% 121% Pure Oil 32% 32% 52% 35% Rv.S. Springs ...101 ino 300 list Reading 77% 76% 76% 77 % Rep. 1. A Steel 65 63 % 65% 64% Repiogle steel ..32% 31% 32 31 •* Royal D. N. Y... 64% 63 65% Sears-Roebuck .. 75% 74% 74% 75 Sinclair 32% 31% 31 % 51% Sloss-S. S. 4 1 . 44 43 43 43% South. Pacific.. 91 % 90 90 91 South. Rv 24% 24% 24% 24% St. L A SW. Rv. 29% 29 29 29 S Oil of Cal... 115% 113 113 113 S. Oil of X. J.. 156 185,% 1*5% I*7 SI,A S F com 29% 29% 29% 29% Stewart A W... 39 39 39 39% Stromberg Carb 55 53 53 54 Studcbaker 118% 115', 115% 119% Texas G. A Sill. 42% 42% 42% 43 Texas Coal 011 28% 26 2S 29% Texas Cos 48% 47 47 47% Texas Pacific... 33% 33 53 35% Tob. Prod 66% 66% 66% 67 Trans. Oil 13V? 13 13% 12% Union Oil 22 ‘ 22% 22% 22 T'nion Par. .... 137% 137 137 337% United Drug ..70 70 70 .... I*. S. Ret. St... 53% 51% 52 52% r. S. Cast Iron 34% 33% 33', 33% T\ S. Irid. A1... 49% 48% 48% 49 r. P Rub 64% "3% 63% 64 I'. S. Smelting. 39% 39% 39% 39 t* S. Steel 98% 97% 97% 97% U S. Steel pfd .118% 118% 118% 118% T'tnh Copper.... 64% 65 65 05% Vanadlaum Stl. 47 45 45% 46 Wabash 11% 10% 10% 10% Wab. Ist pfd... 31 % 30% 30% 31 West. Pacific... 22 22 22 22 West. Electric... 65% 62% 62% 62% White Motors... 47% 47% 47% 48 Willvs Overland 8% 7% 8 8 White Oil 10% 10% 10% 10% Wooiworth 159% 159% 159% 160 Wilson A C 0.... 44% 44% 44% 44

NEW YORK LIBERTY BONDS. —May 10— Trev. High. Low. Close. cloc Liberty 3%s 99 4299.28 99.40 99 36 Liberty Ist 4s 9ft 6ft Liberty 2d 45.. 99.56 99.52 99.50 Liberty Ist *%.. Ml 92 99.8 ft 9ft Bft ftft ftft Liberty 2d 45.. 99.04 99.56 99.50 99 6ft' Liberty 3d 4%5.. 99.86 99.78 ftft 78 99 84 Liberty 4fh 4%s 99.96 99.90 ft ' ftft 99 92 Victory 5%s 100 02 lftft.ftft Victory 4%s .....100.60 10ft..i6 100.50 100.58 CHICAGO STOCKS. (By Thomson & McKinnon.) —May 10 Open High I.oxx- Close Armour pfd... 96% 90% 00% 96% Do pfd 85 Chi. El. Rv. pf'l- 8 Com. Edison.. 130% 130% 130% 130% Con. Mot 8% 8% 8% 8% Deere Cos. pfd. .. 79 Earl Motors ... 3% 3% 3% 3% Libby-McNeill . 2% 32% 3 Mont. Ward ... 21 % 2VV 20% 20% Nat. I,ea. new.. 9% .... Pick &Cos 27% 27% 27% 27% Pigglv YVtggly 49% 50% 4S 48 Reo Motor 24 Stewart-Warner. 4ft 4ft 39% 39% Swift & Cos 101% 101% 101% 101% Swift Inti 20% 21 20% 20% Thompson J. R. 49 Union Carbide .57 57% 50% 56% YVnhl 60 60 05% 65 Wrlgley 102% Yellow Taxi ... 75% 75% 75 75 NEW YORK METAL MARKET. NEW Y'OKK, May 10.—Copper—Steady, spot and May offered. 12%e; June and July. 12%fe 12%0. Lead-- Quiet; spot, 5%c bid: Slay and June, 5.15 c bid. Spelter —Quiet: spot •and May 4.95®3.05c; June and July, 5®5.10c. NEW YORK PETROLEI.iI. N'EYY' YORK, May 10.—Petroleum prices were firm In trade on the market here today. Pennsylvania crude oil selling at $3.25 per barrel. NEW YORK WOOL. NEW YORK, May 10.—Wool prices ! were strong In trade on the exchange here today. Prices of the past week or more were well maintained. NEW YORK RICE. NEW YORK, May 10—Rice was un changed in trade on the exchange here todaC-i domestic being quoted at 3%® 7%c pAr pound. NIiW YORK TURPENTINE. NEW VOKK, May 10.—Turpentine sold at 95c pep gallon In trade on the market here tftjlay. STANDARD OIL OF INDIANA. Sales, 11. MB shares. Open. 10l%\ high. 166; low, 104; close, 10474.

STOCKS SUFFER LATE DECLINES Market Is Under Pressure During Final Hour. NEW YORK, May 10.—The stock market closed weak today. The market continued under pressure throughout the last hour, all the leading stocks being in large supply. I'nited States Steel fell to 97% and Baldwin Locomotive to 114 VS. Mexican Petroleum yielded over 4 points, and General Asphalt fed over 2 points. The railroad stocks were also heavy, New Haven dropping more than 1 point to 29%. t , SUidebaker was 3 points below Its early high at 115%. Government bonds were unchanged and railroad and other bonds weak. Total sales of stocks for the Cay were 793.700 shares. Total sales of bonds for the day were $15,221,000. By Thomson A McKinnon.! —May 10— The market is daily showing the effect of an overextended long interest. When you have such a condition it does not necessarily follow that a severe decline is coming, but It certainly does mean that the market no longer possesses that power of resistence which Is necessary io meet unexpected unfavorable developments. And this suggests another thought that what would be considered as a pinssing Incident when a market Is In a condition such as we had at the beginning ot ‘lie rise would be considered extremely bearish under conditions such as we have today. with high prices and a big public interest. The present market requires constant stimulation. We must constantly have something new to appeal to the imagination, and to induce continued purchases and that is imposible at this stage ot business recovery. ,\ s a matter f fact, we are only in the initial stage of business improvement. Much remains to be accomplished and It would be unreasonable to expect, under such circumstances, a stock market that would be consistent only with bootu condll lons. We continue of the opinion that the best course is to take advantage of all strung moments to reduce commitments. TWENTY STOCKS AVERAGE. NEW YORK, May 10 Twenty Indus trial stocks Tuesday averaged 92.37, off .27 per oent. Twenty active rails averaged 83.98, off .32 per cent. CLEARING HOI'SK STATEMENT. NEW YORK. May Itt. Exchanges, t7 r ’s stsi 600; balances. .<59.0nn.000 ; F'ib ral Reserve Bank credit balances. $11,500,000.

Money and Exchange Indianapolis bank clearings Wednesday were $3,079,000; bank debits. $3,450,000. NEW YORK, May 10 - The foreign ex change market opened firm today with demand Sterling % • higher at $4 4->%. Kr.td'S were 5 centimes higher at 9 16e for ■aides and 9.15 V for checks. Belgian francs advanc'd 8% centimes to 8.18, for cables and to 8.87%c for "he. ks. Lire were ~p 2% points to 5.35%. for cables and to 5.0-% for cheeks. Mirks were % of a point up at .0035%e. Guilder cables were 58.,'aie; cheeks 38.4*>c. Sw-Miih kronen cables were 25.78**; < hecks. 25J3c. Norwav kronen cables were i5,,., cheeks. 16.68,.. Denmark kronen cables were 21.30 c; check 1 .. 21.25 c. NEW YORI CAM, MONEY. NEW YORK. May 10.— Money Call money rn.ed 4 per cent; high 4% per cent. Time rates al] 4M 4% per • •••it. Prime mercantile paper quiet Sterling Exchange was steady, with business in bankers' bills at $4.11% for demand. MOTOR SECVRITIES. (By Thomson A McKinnonl —May 10. - —Closing Bid Ask Earl Motors •*% 3% Packard com *■> Packard pfd ”1 *5 Peerless 9 41 • 'ontlneutal Motors com ' .>% Continental Motors pfd v 8 02 Hupp com 16% 19 Hupp pfd 9s 103 Re. Motor Car 24 % 24% Elgin Motoss 2% 3 Grant Motors 1 Is Ford of Canada 387 395 National Motors 2 4 Federal Truck 22 24 Paige Motors 20 22 Republic Truck 8 h%

ACTIVE Oil. STOCKS. (By Thomson & McKinnon.) -May 10Opening Bid. Ask. Anglo-American oil 20% 21 IJoruf Scryms'T 360 O-sil Buckeye Pipe Lina 07 99 < 'hese.trough Mfg. Con 100 200 Colonial oil HI 11s < osden Oil and <1.19 5 8 Creteout Line 85 8S Cumberland I’ipe Line 140 150 Llk Busin Belt* B'/s 8% Eureka Pipe Line 101 10l Galena-Siguul Oil. pfd 110 115 Galena Signal Oil, com 60 68 Illinois ripe Line 100 11*5 Indiana Pipe Line 99 103 Merritt Oil 11 1 $ 14% Mid west * *ll 2 1 * 3 Midwest It-lining * 2<>o National Transit 30 31 Vi New York Transit 171 179 Northern I’ipe Line 1% 4 Ohio oil 107 109 Oklahoma I*. A- It 320 .Tin I'eun. Max 27 32 l“riilrle <>il and Gas 600 010 Prairie rt])c Line 222 227 Solar Hctlnlng 360 B‘-0 Southern I‘ipe il.ne 102 KM South I’enn Oil 225 280 Southwest. I’enn l’lne Lines. <l2 65 Standard Oil Cos. of ind 104% 104% Standard Oil Cos. of Kan 570 580 Sttndard oil <Y. of Ky 82% 82 \ Standard Oil Cos. of Neb.... 190 200 Standard <>ll Cos. of N Y 408 415 Standard oil Cos. of Ohio 460 ISO Swan A Finch 30 40 Washington Oil 20 3<> NEW YORK CURB MARKET. (By Thomson A McKinnon) —May 10— • Closing Bid. Ask. Acme Backing 50 60 Curtis Aero com 4% 5% Curtis Aero pfd 21 26 Boston A Montana 20 21 Boston A Montana Corp. 83 85 Coldfield Con 7 9 , Jumbo Extension 8 ft International Petroleum. 21% 21% Klrb.v Oil 11_ 11% Nlpisslng 5% 6% Standard Motors 4% 5 Sait Creek.... 18% 18% Touopa b Extension 1"s 1% Tonopah Mining 1% IT's Vnited P S new 6% 7 F. S. Light A Heat 1% 1% 1 S. 1,1 ght A Heat pfd. 1% 1% Wright-Martin 2 f> Yukon Hold Mine C 0.... 1_ 1% Jerome 3% 4 ! New Cornelia 17% 18% United Verde 28 29 S<<|Uoyah 8 12 omar Oil 2 3-10 _2% Uepiibllc Tire 65 70 NEW YORK SUGARS. NEW YORK. May 10* —Raw sugars were active and strong In trade on the exchange here today. Cubits were quoted at 3.98 c per pound, duty paid, and Porto Klcos at 3.56©3.H8c per pound, duty free, delivered. Refined sugars were fir/u. fine granulated selling at 5.30(115.40c uud No. 1 soft at 5.304. 5.50 e per pound. NEW YORK COFFEE. NEW YORK, May 10.—Coffee values were weak in trade on the exchange here today, opening options being unchanged to IS points lower. Uio No. 7 on spot sold at 10%©11%e per pound. NEW YORK HIDES. NEW YORK, May 10.—Hides were dull in trade on the market here today, native steer hides again selling at lie and branded steer bides at 13c rer Pound.

INDIANA DAILY TIMES.

Weather The following table shows the state of the weather at 7 a. in., May 10, as observed by United States Weather Bureaus : Station. Bar. Temp. Weather. IndianaopUs, lad. 30.07 70 Cloudy Atlanta, Ga 30.16 68 Cloudy Amarillo, Texas 29.54 06 Clear Bismarck. N. D 20.60 50 Cloudy Boston, Mass 30.02 68 Cloudy Chicago, 111 30.00 70 Clear Cincinnati, 0hi0... 30.10 70 PtCldy Cleveland. Ohio 30.12 64 Rain Denver, C 010....... 29.42 46 PtCldy Dodge City, Kan.. 29.60 6S Clear Helena, 'Mont 20.78 40 Cloudy Jacksonville, Fla.. 30.14 72 Cloudy Kansas City, Mo.. 29.80 68 PtCldy Louisville, Ky.... 30.12 72 Cloudy Little Rock, Ark.. 30.00 72 Cloudy Los Angeles, Cal... 29.98 44 Clear Mobile, Ala 3UOS 72 Cloudy New Orleans, La.. 30.04 74 Cloudy New York. N. Y.. 30.08 64 Rain Norfolk, Va v 0 14 64 Clear Oklahoma City 29.78 72 Cloudy Omaha, Neb 29.72 70 Cloudy Philadelphia. 1*a....30.10 06 PtCldy Pittsburgh. Pa 30.12 04 Rain Portland, Ore 30.12 44 Rain Rapid City, S. D... 29.06 48 PtCldy Koseburg, Ore 30.20 42 Cloudy San Antonio. Texas 29.80 76 Cloudy San Francisco, Cal. 20.06 48 Clear St. Louis, Mo 29 96 72 Clear St. Paul, Minn 29.76 70 PtCldy Tampa. Fla 30.06 74 Clear Washington, D. C.. 30.10 62 Cloudy

WEATHER CONDITIONS. The southern end of the western depression trough has remained nearly stationary, while the northern end has moved slightly eastward to the Red River valley. Warmer weather prevails from the great plains to the Atlantic In front of the disturbance, while readings are also somewhat higher In the Pacific region. Temperatures considerably below- normal prevail over most of the western highlands, and ranged from \ degrees to 10 degrees below freezing last night In the great basin, with frosts to the northward. Showers have occurred over much of the West and Northwest, with snow in the great basin. Showers also have fallen In the West gulf States and In the middle and upper Ohio valley. J. 11. ARMINT.TOX, Meteorologist, Weather Bureau. CORN AND WHEAT BULLETIN. For the twenty-four hours ending t 7 a. m., Wednesday. May 10, 1922: Temper ature B - O K O Stations of I „ c - Indianapolis w n j f2 Jr -< ® t District. JT! ]*-,&■£ Sr \ -To® 1-1.3 V 3— SJ.IsJJS -rzs! OZm South Bend ...".jB4~ 63 fOlfi Good Angola : 70 • 61 j 1.95 ( Muddy 1 VYavne 84 62 0.12 Wheatfleld |771 62 S 0 ; Good Royal Center ...I 86 64 0.01 Good Marion 86 63 j 0 , Good Lafayette |B3 65 007 Good Farmland 88 ; 62 0 , Good Indianapolis .... 85 68 1 ft . Good Cambridge City 5 86 61 0.06 Good T>-rr,' Haute ... 84 68 ft Bloomington ... 80 .59 0 I Good Columbus 89 60 j 0 Good Vincennes ns 64 j ft ■ Good Fanil 85 65 | 0 ; Good Evansville 85 68 | 0 | ■ jTTI ARMINGTON. Meteor,dog st. Weather Bureau.

Local Stock Exchange - Mav 10— STOCKS. Bid. A'k Ind Ry. A Light com 57 Iml Ky. A Light pfd 7' 10 pis Si. Kv 46 Imipls. N. \\ pfd 60 Imip Is ,v S. K. pfd 60 T H.. T A I. pfd 70 ... T lE. I. A E. cm 5 : T. lE. 1. A E. pfd 15 1 U. T. of Ind com 1 C. T ~f Ind Ist pfd 4% 9% i 1 T. of Ind. 2d pfd 2 1 Advance Ruuiely pfd ... 1 Advance Uuniiiy coin ... j Am. Central Life 20<) ... j Am. Crvosotlng pfd 94 ... ! Belt It. R. pfd 50% ... | Belt. It It. com 6:1 ... I Cenniry Bldg. Cos. pfd 93% ... j Citizens l,as C 20% 21%, City S, rv ice coni 254 257 Citv Service C,.. pfd 65% 68 i Dodge Mfg Cos. pld 86 91 j Home Brewing 17 ... J Ind. Hotel com >5% ... Ind. Hotel Cos. pfd 98% ... I Ind Nut. Life Ins Cos 2 ... ! Ind. Title Guarantee 50 ... | Ind. Pipe Line 98 ... 1 ludpls. Abattoir pfd 45 ... j I'nlpN. Gas 41 ... i ndpls. Tel. pfd 90 ... I lid ids Tel com 5 ... I Mer. I’ub Ctll pfd 48 Natl. Motor Car Cos 1 % 3% Pub. Savings Ins. Cos 5% ... It it nix For. pfd 47% ... Stand. Oil of Indiana 103 sterling Fire Ins. Cos 7% 8 Van Camp Uilw. pfd. 90 Van Camp Prod. lt pfd ... {l7 .100Van Camp Prod 2d pfd Vandalia Coal Cos. com 1 Vamlalia Coal Cos. pfd 7% 12% Wabash Ry. pfd 30 . .. Wubusli Uy. com 10 BONDS. Broad Ripple 5s 59 ... Citizens St. Ry. 5s 781, And inn Creek Coal A Mine 6x ... 100 Hid. Coke A Gas 5s 86 Imipls. C. A 8. 5s 9% Imipls. A Martinsville 55.... 55 1.. ludpls. A North 5s 40 43 ludpls. Street Ry. 4s 69 62 ludpls. A N. W 5s 50 55 ludpls. A S. E. Os 45 Imipls Shell. A S. E. 55.... 64 T. 11., I. & E. 5s 57 ludpls. Gas 5s 85 90 Citizens Gas 84% 89% Kokomo. M. A W. 5s 87 90 Iml Hotel Cos. 6s On Imipls Water 5s 95 100 ludpls. Water 4%s 81 Ir.dpls. T. AT... 78 6. Imlpls. L. A 11. 5 StO 1)4 f\ T. of Ind. 6a 51 % ... Mer. 11. A L. 5h 99 100 New Tel. L D 5s 96% ... New Tel Ist 6s 96% ... oiilli. Ind. Power 6s 80% 91% LIBERTY BONDS. Bid. Ask. Liberty First 3%s 99.20 99.58 Liberty First l%s 99.72 99.82 Liberty Swornl 4%s 99.52 99.02 Liberty Third 4%s 99.74 iiO.-SI Liberty Fourth 4%s 99.82 99.92 Victory 4%s 100.50 100.58 —SALEH— ' ?2,otx> Liberty Ist 4%s at 99.82. •

Local Curb Market (By Newton Todd.) —-May 10— Bl<l. Ask. Am. Hominy Cos 10 16 Central and Coast Oil % ... Choate Oil Corp % % Commonwealth Fin. com. ... 28 38 Commonwealth Fin. pfd. ... 48 68 Columbian Fire Ins. Cos 6 7% Payton Rubber Units 43 63 Pctograph Prod, pfd 28 38 1). \\\ Griffith 3% 6% Elgin Motor Car 2 3% Fed Fin. Cos. pfd 78 88 Fed'. Flu. Cos. com 121 131 Gt. Sou. Prod. A Ref 6% 9 Interstate Pub. Serv. pfd. ... 81 91 Metro. 5-10 c Store com 3% 7 Metro. 5-10 c Stores pfd 18 27 Nat. Underwriting 2% 6 Rauch A Lang Units 21 31 Robbins Body Units 14 23 -Rub. Tex. Units 10% 16 U. S. Auto Units 30 40 U. S. Mtg. Cos. Units 105 125 BANK STOCKS. Commercial Nat. Bank .... 74 U3 Cont Nat. Bank 104 114 Ind. Trust Cos 178 Ind. Nat. Bank 253 265 Mer. Nat. Back 282 Nat’l City Bank 72 88 Security Trust Cos 131 140 State Sav. A Trust 94 93 Union Trust Cos 300 Wash. BHDk & Trust Cos. .. 160 WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift Sc Cos.: Ribs —No. 2,18 c; No. 3,14 c. Loins—No. 2, 24c; No. 3,18 c. Round —No. 2,15 c; No. 3.14 c. Chucks —No. 2, lie; No. 3.9 c. Plates —No. 2. 7c; No. 3,6 c.

GRAIN MARKET TONE IS WEAK Heavy Sales Cause Weakness After Early Strength. CHICAGO, May 10.—Wheat prices were lower at the close of the Chicago Board of Trade today. Heavy 'selling developed after a strong opeuing, and the market had a weak undertone. Some of the losses were regained toward the close, however, wheu commission bouse buying developed. Corn and oats were irregular, as were provisions. May wheat opened up %c at $1.38, and closed off %c. July wheat opened up %c at $1.24, aud closed unchanged. September wheat opened up %c at sl.lß, aud closed off %c. May corn opened up %c at 61c, and closed off %c. July corn opened up %c at 04%c and closed unchanged. September corn opened up %c at Oo'. s c and closed up %c. May oats opened unchanged at 3G%c and dosed unchanged. July oats opened up %e at 59',ae, and dosed up Vie. September corn opened unchuuged ul 40%c, and dosed up %c\ (By Thomson A McKinnon) —May lb— Wheat—Yesterday's crop report was variously construed and generally Ignored except that the acreage remaining to be harvested is so mm h below last year's area as to make It necessary for Ideal conditions throughout the entire growing period If we are to harvest a crop equal to a year ago. The movement of old wheat from outside markets to Chicago is so free that, elevator space Is becoming crowded. It lias therefore been necessary to invoke the emergency rule, prmitting dlivery In cars on track. A little scattered selling was Induced by publication of this ruling, but the volume was small and passed Into good bands. Yesterday's evidence of a hardening In the milling wheat situation was again noted. Nothing important has de veloped. but Inasmuch as the market has withstood a period of general dullness ami the favorable crop news, if is probably In position to give a better account of Itself with any change in the routine news. Corn and Oats The action of wheat has been reflected In both corn aud oats, with trade in these grains small and not significant. There is said to be a slightly better domestic demand for corn and seaboard exporters were inquiring for oats In this market. There is a free eastward movement of oats from northwestern markets. Seeding of oats is about completed and planting of corn is progressing as the vv-ather permits. We view these markets much as we do wheat, that is to say, they have withstood various reasons for lower prices and are now In shape for better values if any help lu the way of improved demand. Provisions There has been a rather Indifferent demand for products, but at the same time offerings were light. Do mestie cash trade 1- good and undertone of Ihe entire market seems healthy, although it Is very quiet.

( H H AGO GRUN TABLE. May 16 - WHEAT— Open. High. Low Close. May 158 1.58% 135% 157% J ill v.. .. 1.2-4 1.24% 1.25% 124 Sept lln 1 1n % 1.17% 1.17% COHN - May 61 .61% .66% .60*; July.... .64% .64% .63% .64% Sept 66% .6*5% .155% .66% OATS - May 36% .36", .36% .36% Jlllv 39% .59 q .59% .:•% Sept 40% .41 .40% .41 PORK •Mav 21.50 LA Kb Mav 11.22 11.27 11.22 11.22 Jul'v... 11.'c 115" 11.42 11.43 Sept 11.70 11.72 11.00 11 65 RIBS •Mav 12 52 .Tub 11.75 12fto 1175 11 97 Sept 11.75 11.N7 11.75 1187 av e • Mav 1.054 105% 1.01% I<>4% July 104 1 04% 1.i3% 14’5 T s Sept 98 .98 .97 .97% • Nominal. CHICAGO CASH GRAIN. CTIK’AGd. Mav 1". Wheat- - No. 2 red. *!.AS, No 3 rial. .<1.52% ; No. 2 hard winter. $1.36%%; .%s% ; N',,. 4 hard u infer. $1.20; No. 5 northern spring, $1.5"; No 2 mixed. $1.29%. Corn N■,. 2 mixed. 11%H1 V-: N" 2 white. 6’ %t.•%'%,• ; No 2 yellow, 61%'t02%" : No 3 mixed, 6*% u tile; No. 3 white, G>%'<: 61 %,■: No vel low’ tVI'-.ai't’d %r : No 4 inix-d 59 Os ; No 5 white, 6"e; No I yellow. 0"% o. Oats- No. 1 White, 15"; No. 5 white, 5 s % 400. TOLEDO SEED IX9 OR MV. TOLEDO. May 1" ciovgr 8 1 t'a-b. sl3 75; October, <11.50. Alsiki Cash. $11.50: August, $1150: October. sll2O Timothy Cash. $3.10; May. $3.10; September. $3 55; October. $3.35. Wlmat Cash. $1 36<Ji 1 39: May. $136; July, $1.26‘8. Cern Cash. G7Oo.se. Oats - <"ash, 4l'd46c. Rye Cash, $1.06. BarleyCash. 69c. PRIMARY M3RKETS. (By Thomson A McKinnon). - May Ift - RECEIPTS. (ftftft omitted) Wheat Corn. Oat,. St. Joseph 11 42 1 Chicago 52! 53.8 3(9 Milwaukee l ' ;l 1H Minneapolis 215 41 53 Dlliuth 4-52 26 29 St. Louis 55 123 24 Toledo 7 6 Detroit 4 4 Omaha 48 52 34 Indianapolis 12 52 22 Kansas City 167 48 8 Totals 1 138 1.098 041 Year ngo 981 004 4sl SHIPMENTS. Wheat. Corn. Oats. St. Joseph 8 42 Chicago 9 dd 157 Milwaukee 228 149 Minneapolis 149 17N 69 Duluth 257 8 601 St Louis 42 60 116 Toledo ‘-’I I* Detroit 4 4 Kansas City 481 43 22 Omaha 77 .137 32 Indianapolis H 8 Totals 1.044 780 1.1. .5 Y'ear ago 595 470 604 CLEARANCES. Wheat. Corn. Oats. New York 157 ...„. Philadelphia 50 Totals 157 50 Year ago 76 377

INDIANAPOLIS CASH GRAIN. —May 10Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Steady ; No. 2 red. $UlO47U4'_. Corn —Steady No. 2 white, 654)763 %c: No. 4 white, (V <t64%c: No. 3 yellow. 04 (<i . ,64%c : No. 4 yellow, 03(1?03%e ; No. 3 mixed, 03%@04%c; No. 4 mixed, 02%© 03c. Oats—Easier; No. 2 white, 4l%ftJ42c; No. 3 white, 40%ftlllc. Hay—Steady; No. 1 timothy. sl9© 19.50; No. 2 timothy, $18.504119; No. 1 light clover mixed, $lS©lB.5O; No. 1 Clover $19.50© 20.50. —lnspoct ions—■ Wheat —No. 3 red, 1 car; No. 2 hard, 1 car; total, 2 cars. Corn —No. 3 white, 3 cars; No. 4 white, 1 oar; No. 5 white, 1 car: No. 6 white, 2 cars; No. 4 yellow. 3 cars; No. 5 yellow. 3 cars; No. 6 yellow, 6 cars: No. .> mixed, 1 car: No. 4 mixed, 1 car; No, 5 mixed, 1 car; No. 6 mixed. 2 cars; total, 25 cars. Onts—No. 3 white. 0 cars; No. 4 white. 3 cars; sample white, 3 curs; total, 15 cars. Rye—No. 3, 1 car; No. 4, 1 car; total, 2 cars. HAY MARKET. The following are the Indianapolis prices for hay. oy the wagon load, delivered In Indianapolis: Hay—Loose timothy, $17©18; mixed nay, $16©17: baled hay, sl7©lß. Oats—New, per bushel, 12© 4 sc. Corn—Both old and new. p"er bushel, 60 ox6sc. WAGON WHEAT PRICES. Indianapolis flour mills and elevntors yesterday were paying $1.30 per bushel for No. 1 red winter wheat; $1.28 for No. 2 red winter and according to test for No. 3 red winter.

SWINE VALUES SUFFERjLOSSES Cattle Prices AlsobAre Lower —Veals Hold Firm. RANGE OF HOG PRICES. Good Good Good Mav Mixed. Heavy. Light. 3. $10.60(S 10.75 $10.80®10.90 4. 10.60fe10.05 10.40fe10.60 [email protected] 5. 10.75010.85 [email protected] 10.85011.00 6. [email protected] 10.60 @ 10.70 [email protected] 8. 10.90 10.75 @ 10.90 [email protected] 4. 10.90 @ll.OO 10.76010.90 [email protected] 5. [email protected] 10.65010.75 10.85010.90 With receipts close to 8,000, large receipts on other ot the principal swine markets throughout the West and Middle West and lower price tendencies on some of the markets, hog values were lOfe 15c lower In trade on the local livestock exchange today. Bnth shippers and packers, however, displayed fair demands, and a fair clear ance was anticipated, trading during the entire forenoon being active. There was a top of $10.90 on light swine, and the bulk of the sales were made at $10.85® 19.90. The range of prices for the day was [email protected]. There was another large run of cattle on the market, and, with the demand already slow, prices weakened, being slow, steady in a few early sales to I.j (525 e lower later. Receipts for (lie day ran close to 1.200. The quality xvas fair generally. There were two loads of good to choice steers on the market. Cows and heifers were slow, steady to 15c lowr. Steers were 15fe25e lower, and bulls were weak. Canners aud cutters were slow, steady. One load of good to choice steers brought $8.35 and another $8 oft. but these sales could not be considered as within the general market. Veals were steady generally, with receipts for the day close to 8181, the quality fair to good and the shipping demand good. There were only 150 sheep and lambs on the market, and the bulk of the receipts were of the poorer grades. Prices were steady generally, but there were a few sales of springers at $16.50, which was higher.

HOGS. 100 to I<o lbs average $ 1085® 1 ft.9ft Over 300 lbs ... 10.50fe10.75 150 lbs to 300 lbs 10.65® 10 90 Best pigs, under 140 lbs [email protected] Tops 10.90 Roughs 8.50@ 9.25 stags 6.25® 7.25 Bulk of sales 10.85® 10.90 -CattleFew choice steers S3s® 8.50 Prime corn fed steeri. 1,000 to 1.800 lbs 7.50® 8.00 Good to choice steers, 1,200 to 1.300 lbs 6.85® 7.25 Good to chol'-e steers, 1,100 to 1.200 lb, ' 6.10*3 6.75 Good to choice steers, 1.000 to 1 100 lbs 5.50® 6.00 Common to medium steers , SIX) to 1,800 lbs 5.00® 5.50 —Cows and Heifers— Good to choice heifers.. 7 75® 8 15 Medium heifers 7.15® 7.65 Common to medium heifers.. 6.%!® 7"0 Good to choice cows 6.15® 7.00 l-’a'r to medium cows 4.25® 575 • 'anners 2 75® 3 75 Cutters 2.50® 3.50 —Bulls— Fancy butcher bulls 5 50® 625 Good to choDe butcher bulls. 5.00® 600 Bologna bulls 3,75® 4.50 Light bologna Bulls. 3 25® 3.75 Light common bulls 3.00@ 3.50 —Calves— Choice veals 8.50® 9 00 G o'd veals B.oo® 850 Medium veals 6,sft® 7.50 Coaiman beavj weight veals Gift® 650 Lightweight veals 5.00® 6.0.) —Stockers and Feeders— Good to choice steers under Bfto lbs 6.00® 7.25 Medium cows 4.00 Gml cows 4.50 c ,o.d h-dfe-rs 6 00® 700 1 Medium to good heifers 4.50® 6.00 —Sheep and Lambs — Cull ewes 2.50® 350 G-iod t" choice ewes 5.00® Soft B i ks 2.50® 3.50 Clipped lambs 9.00® 10.00 Wool lambs 10.00® 12.00 ( springers 13.00®116 50 Bink lambs 5 00® 6.00 Culls 3.00® 4.00

Other Livestock 1 CHICAGO. May 1, —Hogs—Receipts j Ifi.Odu; market, steady to lift- lower; bulk of sales, sl<>.ss'|; 11 : to)'. $11: heavlos, sl<t rat'd 10.75; mediums. $10,654?! 1 : lights, l $lO 90(811: light lights. $ i0.054110 95; h‘uvy packing sows, smooth. $9 50ftj9 85; packing sows, rough, $9.5047 9 60; pigs slo.2<>4i 10.75. (attic—Receipts, 13.000; imirkoi. slow noil weak to 15c lower: beef steers, choice and prime. $8.65©9.25; medium and good. $7 654;K.<15; good and _ c,.. $S 27vu9.10; common and medium. $..15-is 25: butcher cattle, heifers. $5.90471 8.50; cows. $1 7 547 7 35; bulls. $4.7547.6.65; 'miners mid cutters, cows and heifers. .Cl 75ft 1.75 : can iter steers. $4 754i0 75 : veal calves, ligtit and handy weight. $6.75© 9; feeder steers, $6.65477.65: stoeker steers. s6fti7 75; stockcr cows and heifers, $4,254? 6 25. Sheep and lambs—Receipts, 10,000: market, steady to strong: good to choice lambs, $11.25*4 14.25: cull anti common lambs. $s . 7.11 50; springers. sl3 50ft? 15.75 ; yearling wethers, s9© 12: ewes, $5.25(88.25; eu 11 and common ewes. s2©s. CINCINNATI. May 10.—Hogs—Receipts. 4.500; market, steady; all grades good hogs. $11: pigs, $10.75: roughs, $9; stags. $5.5047 5.75. Cattle—Receipts, 500: market, strong; hulls, strong: calves, $8 50. Sheep and lambs—Receipts. 1,400; market, strong: good ewes, S7.SO©S; clipped ewe-. $6 50(87'; choice lambs, $16.50; few, $10.75. CLEVELAND, May 10—Hogs—Receipt-. 3,500: market, 20 to 25c lower; yorkt rs, mixed, mediums and pigs, $11.25; roughs, ssst; stags, $5.50. Cattle— Reei ipis, 150; market, steady. Sheep and lambs- -Receipts, 000: market, slow steady: top, $11.50. Calves—Receipts 300; market, Doe lower; top, $9.50. SIOUX CITY, May 10.—Hogs- Receipts, 7.ooo; market, steady; range. $9.25(810.50; bulk, $10.1047 10.40. Cattle—Receipts, 3,500: market, steady to 15c lower: heifers, Ki4j 15e lower; others steady; fed steers, $747 8 35; yearlings. $7448.75; fed j butchers. $050(1(7.75; yearlings, $6©7.50; feeders, $64( 7: feeding cows and heifers, s■!'■(o.2s. Sheep—Receipts, 300; market, si rung. EAST BUFFALO, May 10.—Hogs—Receipts, 1,600: market, active; pigs and mixed, $11,504(11315; heavies, $11.25© 11.30; roughs, 8947.9.25; stags, ss©o. Cartic Receipts, 100; market, slow steady; feeders. $54(0; shipping steers, $8.50© 8.90; butcher grades. $7.50©8.65; heifers, 85,504(9.25; cows, s2ft( 0 75; bulls, sl4)' 5.75; milkers and springers, s4s© 125. Calves Receipts, 275; market, slow; cull to choice, $34(9. Sheep and lambs —Receipts, 800: market, slow; choice lambs. $13,254(11 50-. dill to fair lambs, s6© 12.75: yearlings. $54(11.50. EAST ST. LOUIS, May 10.—Hogs—Receipts. 18,000; market steady, generally; mixed and butchers. $10,004(110.75; good heavies, $10,254? 10.73; roughs, $0©9.25; lights. $10.05 47,10.75: pigs, slo© 10.30: bulk of sales, $10.054110.75. Cattle—Receipts, 4.000; market slow; native beef steers, $8 604(9.10: yearling steers and heifers. $8,504(9; cows, $547.0; Stockers and feeders, $5,504(7 23; calves. $3,254(9.25: canned and cutters, $3.504x4.75. Sheep and lambs—Receipts. 1.500; market steady; mutton ewes. $7,504(8; good to choice lambs, $1247113.50; ennners and choppers, $ 14?-I ; springers, $144£15. PITTSBURGH, May 10. —Hogs—Receipts, 1.200; market, 50c lower; prime heavies. $11,354(11.40; mediums. $11,354)) 11.45; heavy yorkers, $11,404(11.50; light yorkers, $11,504; pigs. $11.50 down; roughs, $8.75; stags, $54(5.25: heavy mixed, $11.15©! 1.25. Cattle—Receipts, extremely light: market, about steady. Calves—Receipts, light; market, lower: veals, $9.50; heavy and thin calves, s4© 6.50. Sheep and lambs—Receipts, 1.000; market, steady: prime wethers, $.8,504(9; good mixed, s74iß; fair mixed, s6@7; culls and commons, $1©3.50; choice lambs, sl4: springers, sl7. CLEVELAND PRODUCE. CLEVELAND, May 10.—Butter—Extras. 414?41%c: prints. 42©42%e; firsts. 40© -10%<; packing stock, lOftilSe. Eggs— Fr ; sh. 28c; Ohio firsts, 26%c: Western firsts, 25%c; cleo nut, 21 ©226; high grade animal oils, 22@22%e; lower grades. 16 4? 17c. Cheese—York State, 11%@25c. Poultry—Live fowls, 27©29c; roosters, 17(CtlSc ; broilers. 40©50c.

In the Cotton Market NEW YORK, May 10.—The cotton market opened firm today, with prices 16 to 32 points higher on strong cables from Liverpool, better business lii Manchester, Eng., rains in Texas and strength In securities and foreign exchange. The list became irregular after the start and reacted slightly under profittaking. New York cotton prices—May 20.10 c; July and October, 19.60 c; December, 19.62 c; January, 19.50 c; March, 19.51 c. The market was steady In tho lato dealings, closing at a net advance of 1 point to a net decline of 10 points. —Cotton Futures — Open. High. Low. Clos. January 19.50 19.52 19.15 19.25 March 19.51 19.60 19.25 19.30 May 20.10 20.10 19.56 19.63 July 19.60 19.G1 19.21 19.31 October' 19.60 19.68 19.28 19.38 December 19.62 19.66 19.30 19.41 LIVERPOOL, May 10.—There was an active demand for spot cotton today. Prices ruled steady, with the value of business large. Sales approximately 15,000 baits. American middlings, fair, 13.14d; good middlings, 12.09d ; fully middlings, 11.79d; middlings, 11.04a; low, 11.14d; good ordinary, 10.29d; ordinary, 9.79d. Futures were firm. Would Annul Claims to Clear Up Title Suit to set aside the claims of 200 persons against certain parts of the grounds now occupied by Kingan A Cos. has been filed in Circuit Court. The suit asks that the claims of 200 persons, many of whom are (lead, their heirs, devisees and legatees, to the ground adjoining White River, south of Washington 6treet, be annulled. The purpose of the suit was said to be to remove any possible cloud to the title. Included in the list of names are C'hauney Rose, deceased, philanthropist; Washington De Pauw, deceased, for whom De Pauw? University was named; Thomas A. Hendricks, deceased, former Vice President of the United States; George V. Coffin, county clerk, and others.

Court Almost Kills Telephone Tax Suit Pult brought by the city of Indianapolis last December against the Indianapolis Telephone Company and the Indiana Hell Telephone Company to force the latter to pay $9,000 alleged to be, due the city as franchise tax, was virtually killed today when Judge Linn I*. Hay sustained a demurrer filed in Superior Court, room 2, by attorneys for the defendants. Before the two defendant companies merged the Indianapolis Telephone Company had paid an annual franchise tax of SO,OOO to the city. No payments were made t.y the new corporation. Suit, was brought by the city t" recover the taxes for a year and a half. Knights of St. John to Hold Convention NF.W ALBANY', Ind.. May 10.—The Indiana Commnndery, Knights of St. John, will hold Its annual convention here Sunday afternoon. John C. Goebel of SfaelhyVilie. president, will have charge .f the meeting, at which more than 20ft delega’eg are expected. Services preceding the r<nvenM *n will be held at Holy Trinity Catholic Church. Priest Must Settle for Slanderous Talk RACINE. Wis.. May 10.—A jury in Circuit Court here today returned a verdict awarding two trustees of St. Rose's Catholic Church of Racine $16,000 damages in a suit against the Rev. John Piette, pastor, on charges of slander. The trustees charged the priest had called them "liars and hypocrites" and intimated they had mishandled church funds.

WAV/! r '*IIf'AC.O, May 10. —fhlragn mothers today checked their babies with the cops. ••Young 'uns" of employed mother# were cared for by police matrons. Herman Bnndsen, health commissioner, originated the plan, which he believes wiU save the live* of 1,009 babies a year.

They Call It Housekeeper’s Pavement Every woman knows that her street is part of her housekeeping problem. Dust, mud, and tracks on her rugs come mostly from the street. A Concrete pavement helps her in her housecleaning. It does away with dust, mad and grime. Rain on a Concrete Street does not make more work in her house, it makes less, — it makes her street still cleaner. No matter what the weather, every outside service to her home —the iceman, the grocery • man, even police and fire protection—is more dependable with a Concrete Street Wet or dry, with its firm, rigid, skid-proof surface, it affords a maximum of comfort and safety for friends and family. These are a few of the dividends a Concrete Street pays. Our Booklet R-4 tells other Interesting things about Concrete Streets. ■ Write for j jour copy. PORTLAND CEMENT ASSOCIATION Merchants Bank Building INDIANAPOLIS, IND. c 4 National Organization to Improve and Extend the Uses of Concrete Offices in 23 Other Cities

MAY 10,1922.

WALL STREET BANK OFFERS PHONE HOMAGE Declares Dr. Bell’s Invention Most Essential Tool in Busii\fss. BUT SOME DISAGREE BY RICHARD SPILLANE. Special to Indiana Daily Times and Philadelphia Public Ledger. PHILADELPHIA. May 10.—One of the great banks of YVall street in a current advertisement, pays high tribute to the telephone. It says: ‘ Today Dr. fell's telephone is, together with the telegraph, the most essential tool in the conduct of business that the business world has had laid at its disposal. It is difficult indeed to consider how- commerce and industry could have developed to it s present high-powered and high-speed organization without this momentous contribution of science.” And yet there are old fogies of finance and business who fight everything that is new or progressive. YVithin a few doors of the bank referred to there Is an insurance and trust company which, until recently, refused to have a telephone in its establishment, a typewriter, a mechanical calculating machine or electric lights. It conducted its affai's exactly as did the founders of the institution. Not only that, but it would not advertise; wouldn't tell people it was In business, hut left it for the public to discover. There tg a banker In New York, once very prominent, but not so prominent now. who represented a great foreign banking house. Hu insisted that all his foreign correspondence should be in long hand. Everything in his establishment, except th- stock tb kcr, was old-fashioned, of the same type and character as his father knew. Somehow he had come to tolerate the ker. Possibly he couldn't do without It. Another banker, far more progressi represents the great foreign bankinfl group today. The first structure in America in which an elevator was installed still stands. It has an elevator, not the original ear, but a very old one. The owner of the preperty is proud of the history connected with the building. But he hasn't improved the structure and nearby buildings newer and with mere conveniences command higher rentals. Salesmen of multigraphing machines, typewriters, modern office appliances and calculating devices ruport that, in not a few instances in some of the older cities of the East, they encounter staid old business men who. are gracious in their greetings and who watch them with interest as they give demonstrations of what their articles will do but who. always explain Hiat their father or grandfather conducted the business just as they are conducting it and much as they appreciate the kindness of the visitor they see no reason for changing their methods. The sailing vessel and the stage coach probably suited their fathers and grandfathers. Would the son or grandson travel by them today rather than by steamship or railroad or automobile? Their fathers and their grandfathers probably didn’t advertise. There was no need for It or little need for it iff their day. Th telephone. the telegraph, the steamship, the typewriter, the aimmobile the mechanical calculating machines are products of America. Men in business who do not avail themselves of the proved improvements are doomed to see their businesses die of dry rot. Times change and the business (hat does not keep abreast of the withers. Sues Railroad for $25,000 for Eye Judgment of $25,000 asked in a suit filed in Superior Court today by Lee Toney against the Pittsburgh. Cincinnati, Chicago & St. Louis Railway Company. Toney alleges he lost his left eye through the action of an employe of the company, who directed him to strike, wit piece of iron, a reamer which had become stuck. When fcc struck the reamer it splintered and a sliver of metal was thrown into Toney's eyes.