Indianapolis Times, Volume 35, Number 3, Indianapolis, Marion County, 15 May 1922 — Page 12

12

CONFUSION OF OPINIONS HAS MARKET EFFECT Price Movements Characterized by Considerable Irregularity. SUBSTANTIAL REACTIONS Special to Indiana Daily Times and Philadelphia Public Ledger BY MONITOR. NEW TORK. May 15.—The week’s price movements have been characterized by considerable irregularity, which usually is a reflection of confused opinions. The market has had a fairly substantial reaction along broad lines. It seems reasonably clear that the recession would have gone further, had it not been for the stimulating effect produced by the Rethlehem-Lackawanna Steel merger which caused a sensational upturn In Lackawanna, stiffened the entire steel section, and sent shens runing to cover In numerous groups and issues. At the close of the week, while optimism persists. there was undoubtedly a strong and growing professional element that believes thp market is in for an extended period of backing and filling with the nsital accompaniment of irregular declines here and there. The friends of the market feel on the other hand that the subsidence of pressure on declines, fails to bear out the idea of an overextended outside long Interest. When the market position is weak, the selling appears in volume on the breaks. At present, while offerings make their appearance on strong spots, showing a desire to take profits, about all that happens Is a check to the advance. DISCUSSION ON BROKERAGE LOANS.

There has been a good deal of discussion about brokerage loans. These have been estimated around $1,250,000,000 compared with 5500.n00.000 last August, and the high record of $1,750,000.00 In July, 1019. Any Interpretation of these figures, however, should take into consideration the enormous issue of new securities, a large part of which still figure In loans. Brokerage firms have been heavy subscribers to new flotations for clients’ account, and It is pointed ont that tne Investment character of such operations should not be confused with the ordinary speculative transactions and the requiremtnts for financing them. Most firms, while taking a bullish pnsltlon on the market for a long pull, believe it is now something of a waiting affair. There would be a disposition to buy llgerally in the event of a good break with its accompaniment of liquidation, or if certain industrial problems should be solved in a constructive way. A settlement'of the textile dispute in New England or the coal strike, sound decisions in the matter of railway ra'es and wages - -developments of this character would impart renewed confidence and give the market new propulsive force. Otherwise it is felt that midsummer dullness may rause a postponement of bullish activity until along toward antnmn. DISAPPOINTMENT OF GENOA TAKEN. The market has taken the disappointment—ls It can fcg called such—over results at Genoa rather calmly. Evidenly there was no real basis for expecting a broad and concrete program of recon struction, under present circumstances. Political discord has lnterferred with economic progress. The Russian reply naturally is regarded as preposterious. The British premier's irony in stating that the preamble resembled bolshevik money, comes close to expressing sentiment here. Nevertheless, the possibility for a tenyear truce and the fact that Germany and Poland have come to a long-term agreement on Silesia must be considered as substantial gains a9 a result of the meeting. Regarding the domestic situation, there is a feeling that the present year will witness many mergers and consolidations. We have already had an example of the energizing effect of such developments in the case of the steel merger. Several new alignments and combinations are expected not only in the industrial but in the railroad field, and they may keep the market on the qui vive for a considerable time. MONEY SITUATION STILL FAVORABLE. The money situation still exercises a favorable Influence on the market. The Federal Reserve ratio improved for the week to the basis of 77.3, with the gain reflecting relief from demands which centered around the first of the month. Call money again eased to 3% per cent. The Street is somewhat apprehensive over the railroad outlook and believes it has reason for its anxiety. The action of the Labor Board in placing a ban on the practice of the railroad of farming out repair contracts, is regarded as unsound. Moreover it is believed that it would be unwise and equally unsound to attempt a reduction in railroad rates without compensation offset in the form of a downward revision of wages at the same time. There is plenty of logic In the report of the Joint Commission of Agricultural inquiry in that portion of its findings relating to railway labor and wages, but It remains to be seen whether the precepts laid down will crystallize Into action. That (he gravity of the situation is realized is shown by the following extract from the report: COST MI ST GOVERN PRICE. “The price of transportation is neccsa. . governed by the cost of transportation. There is, therefore, a very definite relation between the price which the public pays for transportation, and the cost which the railroad pays for labor, material and equipment. Certain elements which enter into this cost are now subject to regulation by the Interstate Commerce commission or by other public bodies. Wages paid by railroads are subJert to initiation, determination and control by the labor hoard. Wages constituted 60.4 per cent of railway operating expenses in 1916. and 63.4 per rent in 1920. and are. therefore, the largest factor in the cost of transportation. We thus have, therefore, the anomalous condition of one governmental body controlling the price of transportation and another governmental body controlling the major element of cost of transportation.” Here we have evidence that Congress recognizes an “anomalous condition,” but thus far nothing has been done to remedy it. Far-sighted opion is strongly favorable to the coppers. The snrpius of the metal at the first of the year was about 793.000.000 pounds. By the first of June the actual amount of copper on hand will be only a trifle over 350.900.000 pounds, and as much of this will be earmarked for domestic consumption and export, the actual supply available for new buyers will still be further reduced. One estimate places this as low as 75.000.000 pounds. There are confident predictions of 15 cents and even higher for copper by the middle of the summer and prire gains of this character, it is believed, should have a most stimulating effect upon the shares of well managed producing companies. INDIANAPOLIS PRODUCE. Eggs—Fresh, 22@23c. Butter—racking stock, 15c. Poultry—Fowls, 18®23c; broilers, lij(§2-lb sixe. 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.lC@l7e: geese, 10 lbs and up. 14c: squabs. 11 lbs to dozen, SS.SO@6; old guineas, per dozen a. Butter—Local dealers aie paying 3542 tec per lb for butter delivered in Indianapolis Butterfat—Local dealers are paying 35c per (b for butterfat delivered in Indl- l ■napolis.

WALL STREET GOSSIP

By MONITOR. NEW TORK, May li.,—Although activity in the steel stocks featured trading In general Saturday, some of the oils and Industrials were Inclined to follow suit. Sinclair is holding well, and it Is generally believed here that current earnings show a very good improvement over the same period a year ago. While this company does not !sue quarterly reports. It is believed that for the current quarter Sinclair should earn from 50 to 70 per ceut is much as was earned all during 192 L The Granby Consolidated deficit for 1921 was only $287,102, as compared with $087,011 in 1920. Developments in Granby are much more favorable, and It Is believed that new financing in the near future will serve to put the company on a better footing. President J. A. Campbell of the Youngstown Sheet & Tube Cos., is quoted In a Western dispatch as stating that the Lackawanna-Bethlehem merger will not necessarily affect completion of the six company merger. Wall Street is filled with steel merger stories and rumors these days, and Fenn Seaboard was in demand, the buying being based upon n rumored merger with another independent company. The Burns company reports for the fiscal year ending March 21. Including earnings of Burns Brothers Company of New Jersey. Burns Brothers of New York and William Farrell A Sou. Incorporated. show net sales amounting to $31,373,520. ns compared with $20.47,298 in 1929. However, the Farrell earnings are not Included in the 1020 totßl. Gross profits for the year were $3,228,003, as against $3,242,345. There was a surplus of $610,051, compared with $854,951. The market is looking to the Wirk-wire-Speneer Steel Company to complete the Bethlehem system. This issue was one cf the most active of the steels. A1 though a fra- fional recession resulted from proflt taking near tV close. Other steeli which continue gt.ong and active on merger talk are Vanadium, Cnited Alloy, Repiogle, Crucible and some of the equipments. The Toledo. Peoria A Western Railroad report for 1921 shows gross earnings of $1,692,019. A deficit of $222,649 was in<*urred which, aftef including rentals, Interest, etc., made for a gross deficit of $507,654 for the year. Packard Motors is reported to have retired $1,000,000 of its ten-year notes, reducing the amount now outstanding to $8,250,000. Packard is benefitting from the renewed demand for motor cars, as are all other motor companies, and in addition to the retirement of some of its own bonds, has increased its deposits in Government securities, making for a much sounder position. Oils are beginning to show s renewal of activity following the repeated in creases in gasoline prices throughout the country, especially in the Middle West. Official reports from Washington to the effect that the present gasoline situation indicates further advances in the very near future. In some cases running as high as a total of ftvur cents by the middle of the next month, bear out prl vate reports. Columbia Gas reached 88% and closed at the high for a net gain of near!” a full point. This company earned about $8 60 p->r share in 1921. and It is believed that earnings for this year should be much better as a result of increased gas rates In the company's territory For instance, ’the first quarter of 1922 showed an increase of 23 per cent in gross earnings, while the net after all fixed charges and taxes equaled $3 66 per share for the quarter, or at the rate of $14.64 for the year. Phillips-Jones is not concerned with the Von Teusen International Company, which has been just formed to control the foreign marketing and sale-i rights of the new Van Heusen collars. Phillips Jones is not in a position to enter foreign fluids, and therefore the Van Heusen interests, which control the new collar patents, will handle all the foreign busl ness. It Is reported that the Van Heusen sales by Phillips-Jones nre showing large Increases, and the company is running at full capacity, which has been Increased 50 per cent since the recent installation of new and improved machinery.—Copyright, 1922, by Public Ledger Company. Weather The following table shows the state of the weather at 7 a. m.. May 15. as observed by F. S. Weather Bureaus: Station Bar. Temp. Weather. Indianapolis, 1nd...30.06 59 PtOldy Atlanta. Ga 30.00 66 Clear Amarillo. Texas 30.12 48 Clotbly Bismarck. N. C 30 26 48 Rain Roston. Mass 29 86 64 Ciear Chicago. 11l 30 08 56 Cloudy Cincinnati. 0hi0... .30.04 60 Cloudy Cleveland. Ohio 30.02 56 Clear Denver. Col 30 32 3.8 Rain Dodge City. Ka5...30.20 4.8 Rain Helena. Mont 30 34 36 Clear Jacksonville, Fin 29 96 74 Clear Kansas City. M0...30 12 58 Cloudy Lou'-vllle. Ky 30.04 62 Clear T.ittle Rock. Ark... 30 04 62 Cloudy Los Angeles. Cal... .29.86 56 Cloudy Mobile. Ala 29 98 70 Cloudy New Orleans. La....29 96 72 Clear New York. N. Y 29 92 56 Rain Norfolk, Va 29.02 64 Clear Oklahoma City 30.12 56 Rain Omaha. Neb 30 12 54 Clear Philadelphia. Pa 29.96 60 Rain Pittsburgh. Pa 29 98 58 Ciear Portland. Ore 30 26 56 Clear Rapid City. S. D...30.32 44 Cloudy Rosehurg. Ore 3020 48 4’lear Pan Antonio, Texas 29.8.8 70 Clear San Francisco, Cal. .29 76 74 Clear St. Louis. M 30 04 62 Clear St. Paul. Minn 30 10 54 Cloudy Tampa, Fla 29 94 76 Clear" Washington, D. C... 29 96 G 2 Clear

WEATHER CONDITIONS. Since Saturday mornlnr unsettled weather has prevailed In the Elaine Stolen, middle and upper MlnsUnlppl valley and middle Atlantic districts, with | thnwen, generally Hitht, in localities. It <la a little cooler In the mnthwMtern t lakes region and most adjoining sections. ; but tlie temperature changes elsewhere have not been decided over large areas. , Frosts ocenrred last night In western Ne- ; braska and to the northward In connec- : tion with the field of high pressure over- ; lying that region. East of the Great | Plains temperatures generally are near the seasonal average. CORN AND WHEAT BVLI.ETIN. For the twenty-four hours ending at 7 a. m., Monday. May IC, 1922: Temper j ~ •ture 1 o a | Buttons of wl-Tr -• Indianapolis w c -c; £ 5o District Si lsi S=S "i'a 6 rl? 1 2=5.5 S* lj I 3?i South Bend ... | 7fT r sf Ta 27 I Good Angola 74 ! 52 ! 0.05 ' Good Ft. Wayne j 74 54 ! 0.01 I Wheatfieid 163 50 I 0 Good Royal Center ... 72 ! 52 ! 0.08 | Good Marion : 70j 54 I 0 j Good Lafayette \ 73 I 52 i 0.30 j Good Farmland ! 74 | 52 I 0.29 i Good Indianapolis ....' 74 | 55 i 0.05 i flood Cambridge City.' 74 i 54 j 0.02 | Good Terre Haute ! 74 | 52 | O' Bloomington ....i 76 47 I Oil ! flood Columbus ! S2 I 52 ' 0.02 | Good Vincennes 1 73 j SIM 0 i Good Paoli 75 | 47 i 0.06 | Good Evansville !72| 56 ! 0 | 57 H. ARM INGTON - Meteorologist. Weather Bureau NEW YORK WOOL. NEW YORK. May 15.—W00l pric -s were strong In trading on the exchange here today. Domestic fleece, XX Oh o, was quoted at 35*5.490 per pound: omestic pulled, scoured basis at 50c<&$l and Texas domestic, scoured basis, at t!oe's*l.ls. CLEVELAND PROld CE. CLEVELAND. May 15.—Butter—Extra. 10@40%c; prints, Mt'” firsts, 39'al 39Vie; packing stocks. !C@iSc. Ej gs— Fresh, 29Vic; Ohio firsts. 25V&C: Western firsts. 25c. Oleo nut. 21@22c; high grade a.Aimal oils, 22®22%c; lower grades 16*5 17\ Poultry—-Live, heavy fowls, 2<k i27c ; rooSters, Itlt&'l'c; broilers, 40<&.T5c. STEWARD OIL OF INDIANA. Sales, I?4>>o shares. Open, 105; high, ioti*s4; low, ; close, 105.

STEELS SUFFER SHARP DECLINES Lackawana, Crucible And U. S. Steels Heaviest Losers. NEW YORK, May 15.—The market closed unsettled today. A sudden break of from 2 to 3 points occurred in the leadiug issues during the final hour of trading. The steel shares were iu large supply. Lackawanna falling- from 80% to 77%, while Crucible Steel yielded nearly 6 points to 70%. United States Steel fell to 97%, compared with its opening of 99%, and Republic Steel showed a loss of nearly 5 points at 68%. Government bonds were unchanged and railway and other bonds, unsettled. Flock sales for the day were 1,105,000 shares; bond sales, $12,015,000. (By Thomson & McKinnon) —May 15— NEW YORK, May 15. —There has been no new developments since the close of the market last Saturday to change sentiment in market circles or to create any uu.-asiness. Nevertheless, there was a good deal of irregularity today in the early trading. Stocks were in abundant supply and this was particularly noticeable Pi the steel Issues that were most popular during the close of last week. The recessions were not serious, however, and during the day the market displayed greater stability. The early sellers became buyers, as one of the features of the earlv trading, thus demonstrating that the selling movement of the morning was purely professional. Commercial news continues satisfactory. Activity is increasing in many lines, building operation. having already reached the proportions of a boom. Sentiment In financial circles favors the market, therefore, it will be natural to expect continued support as well aa new buying on the recessions. TWENTY' STOCKS AVERAGE. NEW YORK, May 15.—Twenty industrial 6toeks last Saturday averaged 92.93, up .42 per cent. Twenty active rails averaged 83.90, up .40 per cent. CLEARING IIOVSE STATEMENT. NEW YORK, May 15.—Exchanges, $92,000,000; balances, $02,300,000; Federal Reserve Bank credit balances, $57,400,000.

Money and Exchange

Indianapolis bank clearings Monday were $3,831,000; bank debits, $5 792,000. NEW YORK. May 15 -The foreign exchange market opened firm today, with demand Sterling %c higher ar $4.45%. Francs were % centimes higher at 9 14%0 for cables, and 9 13%c for checks. ..ires rose 1% points to 5.27%e for cables and to 5.27 cso rehecks. Belgian francs wore up % centime to 8.33 c for cables and to 8.32%e for checks. Marks advanced % point" to .0035%<;. Guilder cables were 38 70c. checks 38.05 c. Sweden kronen cables were 25.70 c, checks, 25.05 c. Norway kronen cables were 18.66 c: checks. 18.61'- Denmark kronen cables were 21.32 c; checks, 21.27. MOTOR SEf t KITIES. (By Thomson & McKinnon.) —May 15— —Closing— Bid. Ask Earl Motors 3% 3% Packard com 12% 12% Packard pfd 87 89 Peerless 40 42 Continental Motors com S’, 8% Continental Motors pfd 87 9<> Hupp com 19% 29 Hupp pfd 98 He. Motor Car 24 24% Elgin Motors 2% 3 Grant Motors 1 1% Ford of Canada 380 385 National Motors 2 4 Federal Truck 23 24 Paige Motors 20 21 Republic Truck 8 8% ACTIVE OIL STOCKS. (By Thomson A- McKitjfion ) —May 15— —Opening— Bid. Ask. Anglo-American Oil 21 21% Atlantic leibos 10% 11 Borne Scrymser 360 3.80 Buckeye Pipe Line 97 99 Chesebrough Mfg. Cons 19*1 2 I "0 Continental OH, Colorado ...140 150 C-iS'len Oil and Gas 5 8 Crescent Pipe Line 35 38 Cumberland Pipe Line 140 150 Elk Basin Pete 9% 9% Eureka Pipe Line 101 104 Galen . Signal Oil. Pref Old .110 115 Galena-Signal Oil, Cora 60 63 Illinois Pipe Line 185 JfO Indiana Pipe Line 98 lrtl Merritt Oil 13% 13% .Midwest Oil 2% 3 Midwest Rfg 200 National Transit SO 31 New York Transit 176 182 Northern Pipe Line 106 109 Ohio Oil 316 322 Oklahoma P. & R 7 8 Prairie OH and Gas 610 620 Prairie Pipe I/ne 227 232 8 a pul pa Uefg 3% 4 Solar Refining 360 380 Southern Pipe Line 101 104 South Penn Oil 215 225 Southwest Penn Pipe Lines . 62 66 Standard Oil Cos. of Ind. ...106% 106% Standard Oil Cos. of Kan. ...570 680 Standard Oil Cos. of Ky. ... 82 82% Standard Oil Cos. of Neb. ...410 415 Standard Oil Cos. of Ohio ...400 480 Swan & Finch 30 .... Vacuum Oil 420 440 Washington Oil 20 30 NEW YORK MARKET. (By Thomson A McKinnon.) —May 15— —Closing— Acme Packing 40 45 Curtis Aero, com 4% 6% Curtis Aero, pfd 24% 25% Boston & Montana 20 21 Boston A Montana Corp. .. .'5 97 Goldfield Con 0 8 Jumbo Extension 3 6 International Petroleum .. 21% 22 Kirby Oil 10% 11% Nipisslng 5% 0 Standard Motors 5 5% Salt Creek 18% 18% Tonopah Extension I 7-10 1 9-10 Tonopah Mining 1% 113-10 I'nited P. S. new 6% 7 U. S. Light and Heat 1% 1% U. S. Light and Heat pfd. . 1% 1% Wright-Martin 2 5 Jerome 3% 3% New Cornelia 17% IS% I'nited Verde 2 2% Sequoyah 8 10 Omar OH 1% 1% Rep. Tire 80 90 CHICAGO STOCKS. (By Thomson & McKinnon.) —May 15. Open High Low Close Am. Ship bldg.. 75 Armour Cos. pfd. 96% ..... Armour Lea.... 12% Chi. Elv. pfd 7 7 6% 7 Continental Mot. 8% 8% 8% 8% Deere Cos. pfd... 77% 77% 77 77 Llbby-MoNelll . 2% Mont. Ward .... 22 22 21% 21% Nat. Leather new 9% 9% 9 9 '•lrk & Cos 27% Piggly Wiggly. 47 47% 45% 45% Stewart-Warner. 40% 40% 4040 Swift Cos 102% Swift Inti 20% 20% 20% 20% Thompson J. R. 4s 48 47% 47% Traitor Corn .. 2% 2% 2% 2% Union Car. Carb. 59 59 57% 67% Wahl 64 64 61 02% Wriglev 103 Yellow Taxi ... 72 72 71% 71% NEW YORK SUGARS. NEW YORK, May 15.—Raw sugars were steady In trade on the market here today. Cuba* were quoted at 4.<Mc per pound, duty paid, and port Ricos at 3.92 Si'3.#3c per pound, duty free, delivered. Refined sugars were firm, fine granulated selling at [email protected] and No. 1 soft at 5.20®5.50 per pound. _* NEW YORK COFFEE. NEW YORK, May 15—Coffee values were about steady in trade on the market today, opening options being practically unchanged. Rio No. 7 on spot was quoted at 11@,11%c per lb. NEW TORK RICE. NEW YORK. May 15.—Rice was firm in trade on the market today, domestic being quoted at 3%@7%c per pound.

INDIANA DAILY TIMES

2V. f. Stock Exchange

(By Thomson & McKinnon) —May 15— Prev. High. Low. Close, close. Adv-Rum. com, 17% 17% 17% 17 Ajax Rubber... 17 17 17 17 Allied Chemical 06 65% 65% Allis Chalmers.. 48% 48% 48% 49 Am. B. Magneto 45 44 44 45% Am. Can 47% 46% 40% 47% Am. Car & Fdy.159% 150% 150% 160% Am. Ice 104% 102 102 106 Am. H& L pfd. 00% 68% 00% 07% Am. In. Corp... 44% 44% 44% 44% Am. Loco 114 113% 113% 114 Am. Steel Fdy.. 38% 38% 38% 38% Am. slll. & Ref. 00% 08 58% 58% Am. Sugar Ref. 75% 74% 74% 75 Am. S. Tob. Cos. 34% 33 34% 33% Am. Tel. & Te 1.121%.121% 121% 121% 121% Am. Tobacco.. .130% 138% 139 139% Am. Woolen 92 91. 91 91% Anaconda 53% 52% 52% 52% Atchison 100 99% 99% 100 Am. Ship & C.. 17% 10% 17% 102% Atl. Gulf A W.I. 36% 35% 35% 35% Baldwin L0c0..117 114% 115% 117% B. & 0 47 40 46 46% Beth. Steel (B). 80% 78% 78% 80% Brk. Kp. Trans. 25% 25 25 25% Cal. Fete 60% 55% 55% Can. Pac. Ry... 140% 139% 139% 139% Central Leather 38% 37% 38 3i Chandler Motor 73 71%, 72 73% C. & 0 65% 65% 65% 03% C.M. & St.P.com 26% 25% 23% 20 C.M. & Chi. & N. W... 74% 74% 74% 74Vi C., It. I. & P... 43% 42% 42% 43% C.R.lAtP.7%pfd. 95% 03% 95% 95% Chill Copper... 20% 19% 19% 19% Comp. A Tab... 65% 63% 63% 6% Cluett & P 56 56 55 Chino Copper .. 28% 28 28% 28% Columbia Gas .. 88% 87% 87% 88% Coca Cola 57% 57 57 57 V, Col Fuel A Iron 35% 34 34 35% Consol Gas 117% 110 116 116% Corn Products .101 99% 99% 101% Crucible Steel .. 76 70% 71 75 Cuban Am Sug. 22% 22 22 20% Cuban C Sug... 10 15% 15% 15% Del A Lack.... 118% 117% 118% 117 Dome Mines ... 27% 27% 27% ... Erie 13% 13% 13% 12% Erie Ist pfd ... 22% 21% 21% 21% Kndicott A J... 84 82 83 % 81% Famous Players 81% 80% 80% 80% Fisk Rub C 0... 17% 17% 17% 18% Gen Asphalt .... 60% 60 60* 60% Gen. Cigars .... 72% 72% 72V, .... Gen. Electric ..163% 163 163% 163% Gen. Motors.... 12% 12% 12% 12% Gt. North, pfd.. 75 73% 73% 75 Gt. North. Ore.. 41% 40% 40% 41% Gulf S. Steel.... 85% (0% 83% 86% Hupp Motors... 19% 19% 19% 19% Houston 0H.... 79% 78 78 78% Illinois Central 106 103 103 103% ludianahorua . . 4% 4% 4% 4% Inspiration Cop. 41 40% 40% 40 Inter. Nickel... 17% 17% 17% 17% Inter. Paper.... 50V* 49% 49V* 50% Invincible Oil.. 18% 17% 18 17 Kevstoue Tire. 22% 20% 20% .... Kelly-Sg Tire.. 50% 9% 49% 51 Kennecott Cop. 33 33 % 34% 32% Lacks. Steel 80% 77% 78’* 78% Lee Tire A Rub. 33 32% 32% 33% Lehigh Valley.. 63% 62% 02% .. L A N 119 119 119 119 Loews Inc 18% 10 16 Martin Parry .. 73 72% 72% 30% Marine coni .... 23 23 23 28 Marine pfd ..... 82% 81% si% 82% May Stores 116 116 116 Maryland Oil .. 30% 30% 30% 31% Mex Pete 130% 147% 128 130% Miami Copper .. 29% 28% 29% 28% M States 0i1.... 14% 14% 14% 14% Midvale Steel .. 40% 38 38% 40% Mo.-Pac. Ky ... 23 22 % 22% 23% Mo. Pac Kv pfd 57% 50 50 50% Mont A Ward... 22 21% 21% 21% Nev Con Cop... 17% 10% 17% 16% N Y Central 89% 88% 88% 89% N'ctv lluvetl 29% 28% 2h% 29% Nor. A West... 106 100 10tj Nor. Pacific... 75 75 75 76 Ok.l’. A U.i'o... 33 5 3 Owen Hot. com. 30% 36% 30% 36% Pacflc "li 05% 03% 63% Pan Am. Pete.. 64 03 % 63% 64% Penn. Hy 41% 40% 40% 40% People's Gas .... 86% 86’-, 86% 86 Per* Marquette.. 31% 31 31% 30% Pierce-Arrow ... 20% 18% 18% 20% I’ro. A Refiners. 38% 38 38 % 89 Pull. Pal. Car... 121% 120% 120% 121% Pure OH 33% 32% 32% 33% Reading 80% 77% 78% 78% Rep. I. A S 72% 68% 69% 73 Repiogle steel .. 36 34% 34% 35% R. Duth. N. Y... 62% 61% 61% 62% Sears-lPbuck 73% 73% 73% 74% Sin lair 32 31% 31% 32 Slss Shf S. A I. 54 51 52% M% Smith. Pacific.. 91 90% !>% 90% Southern He... 24% 24 24 2t% St. L. A S.VV.H 28% 28% 28% Std. Oil of Cal. .117% 113% 1.13% 114% Std. Oil of N. J 189% 186 180% 180 St.L. A S From. 29% 29% 29% 29% Stewart A War. 40% 40% 40% 4Y Strom. Carb.... 52 52 52 63% Sftirtebnker ...117’.; 115% 115% 117% Tex. Ga- A Sul. 4% 43% 44% 42% Tex.'Coal A 011 29% 28% 29 28N. Texas Cos 48% 47 47 47% Texas Pac 32% 32% 32% 32% Tob. Pmd 71 68% 09% 08% Trans. OH 19 17% 17% 17 Union Oil 22% 22 22 22% Union Pacific. . 137% 137 137% 137% United Drug.... 7.7 72% 72% 72% I'nited Fruit.. 140 1.79% 139% 140 U. S. Ret Stores 60% 57% 60% 58 U. S. Cast Iron 34 34 34 35% U. S. Ind. Al ... 51% 49% 50% 49% I'. S. Rubber . 63% 02% 63 63% U. S. Smelting 41% 41 41% 40 I'. S. Steel 99% 97% 98 99% U. S. Steel pfd. 118% 118 118 11S Utah Copppr .. 66% 65 65% 65% Vanadium Steel 51% 48 48 51 Wabash 10% 10% 10% 10% Wahnsh Ist pfd 31% 30* 30% 31 Worth Pump ..51 51 51 51% West Pacific .. . 20% 20% 20% . . Western Union. 97% 97% ... 98% West. Airbrake. 95% 95% 95% West. Elec 62% 61% 61% 62 White Motors .. 47% 47% 47% ... Willva-Overl'd . 8 7% 7% 7% White Oil 10% 10% 10% 10%

NEW YORK LIBERTY BONDS. —May 15. Prev. High Low Close Close h. B. 3%s 99.26 99.18 99.20 99.20 L. B. 2nd 4s 99 40 99.30 L. B. Ist 4%s .. 99.78 99.76 99.70 99.76 L. B. 2nd 4%s .. 09.58 09.50 99.62 09.52 L. B 3rd 4%s .. 90.80 99.78 99.90 99.81 L. B. 4th i%B .. 99.92 99.88 99.90 99.90 Victory 3%b ....100.02 100.00 100.00 Victory 4%s 100.60 100.54 100.00 100.50 NEW YORK HIDES. NEW YORK. May 15—Hides were in fair demand in trade on the exchnnge here today, and prices ruled about steady. Native steer hides were quoted nt 13%e per lb and branded steer hides at 13c. NEW YORK PETROI.EI-M. NEW YORK, May 15. —Petroleum prices were steady again In trade on the market here today, Pennsylvania crude petroleum selling at $3.25 per barrel. NEW YORK TURPENTINE. NEW YORK. May 15. —Turpentine sold at 92c per gallon on the market today.

In the Cotton Market

NEW YORK, May 15—The cotton market opened active and strong today, with prices 24 to 31 points net higher. There was heavy buying due to recent rains In Texas. CnmmlsMlon houses and local traders sold on the advance, bnt the offerings were well taken, and prices continueil upward. New York opening cotton prices—May 20.05 c: July, 19.75 c; October and December, 19.75 c; January, 19.68 c: March, 19.80 c. The market yielded slightly under profit-taking sales in the late dealings, but the close was strong at a net advance of 75 to 109 points. —Cotton Futures——May 15Open. High Low. Close. January 10.68 20.26 10.68 20.20 Marbh 10.08 20.30 19 01 2019 May 20 05 20.07 10.05 20.93 July 19.75 20.40 10.07 20.37 October 19.75 20.40 19.73 20 38 December 19.75 20.42 19.75 20.37 —Cotton Review— NEW YORK, May 15. —Unfavorable Top reports are now so numerous and many of them picture conditions as so serious that a real scare has been created In trade circles, and the buying by spinners has undoubtedly been a very important factor in the most recent advance in values. In ten days from today the reports will be sent to Washington upon which the first of the season condition reports will be based and from present appearances this will prove to be a very t "llish showing. Even If the weather becomes ifavorable and remains so during the next ten days it will be absolutely Impossible to do much if any work in the flooded areas. Sentiment is bullish and as long as the trade and the public are ready to buy oji every recession, a still higher level Is quite likely.

GRAINS MAKE LATE ADVANCES Elevator Buying and Unfavorable Weather Factors. CHICAGO, May 15.—Grain prices, after fluctuating largely, closed slightly on the Chicago Board of Trade today. , Heavy local receipts of wheat caused a dip shortly after the opening. Local elevator Interests bought heavily on the decline. Unfavorable crop reports from Kansas later caused the market to firm up. The Kansas wheat crop Is six weeks late, It was stated In a report received here from Kansas City. Corn held firm on heavy export business. Oats were practically unchanged. Provisions ruled higher. May wheat opened off lc at $1.12, and closed up lc. July wheat opened at $1.25 and closed up %c. September wheat was off %c at $1.18% at the opening, and closed up %c. May corn opened up %c at 69%c anil closed unchanged. July wheat opened up %c at 84%c, and closed up Vic. September corn opened up Vic, and closed up %c. May oats opened unchanged at 37%c, anil closed up %c. July oats .vere unchanged at 31)%c ut the start, and closed up%c. September oats opened off %c at 40%e, and closed up %c. (By Thomson & McKinnon.) —May 15— Wheatc-Cables were easy today and crop news on the growing winter wheat conflicting, but the ones mentioning deterioration seemed to be pushed to the front. The visible supply showed a decrease of 3,009,000 bushels and should show further good decreases In the next few weeks, a.*; the cash wheat moving gets into export channels. It m •*■ remembered that considerable wheat has been received In Chicago during the past week Considerable wheat has been taken ont of terminals, such as Kansas City and thus, temporarily, has disappeared from the visible supply. Minneapolis. Chicago, Kansas City and Toledo cash prices are firm. We are exp< ting the foreign markets to continue to absorb our July and September wheat iu the way of providing for their future needs. New crop developments v. ill be price makers. Corn and Oats —Corn and oats showed resistance to gelling and prices averaged higher. Exporters were Inquiring for loth corn and oats, but below a working basis. It is possible that favorable weather for the planting might give us an easier tone at times, but we are firm believers in better values for both corn UDd oats. Provisions—This market held strong. The Incentive was the higher hog price and a continuation of the movement of lard info exporting channels. Possibly the increased buying power of the South for meats, due to high cotton pri 'es, hail some influence. CHICAGO GRAIN TABLE. —May 15WHEAT— Open. High. Low. Close. Mav 3.42 1.43% 1.41% 1.43 July.... 125 1.25% 121% 1.25% Sept 1.18% 1.19% 1.18% 1.19% CORN May 60% .61 .60% .60% July )d% .04% .04 0-1 1 , Sept 60% .til’s .06% .06% OATS— May 37% .63% .37% .27% July 39% ..70% .39% .39% Sept 40% .41 Vs .40% .11 PORK—•May 22.70 LARD—•May 1140 July.... 11-55 11.62 1155 11 02 Sept.... 11.80 11.87 11.77 11.87 RIBS •May 12.55 July 1195 12.0il 11.95 11.97 Sept 12.00 12.00 11 95 11.05 RYE - May 1.09% 109% 1.09% 109% July.... 1.08% 1.08 1.07% 1.05% Sept 99% 1-00% .99% i.00% •Nominal.

CHICAGO C ASH GRAIN. CHICAGO, May 15—Wheat —No. 2 red. $142%@1.43; No. 3 red. $1.38%: No. 2 hard winter, $1.42%® 1.43; No. 3 hard winter. $1.37% @>4°: No- 5 bard winter. $1.27; No. 2 mixed, 51.38® 1.39: No. 3 mixed, $1.35%% 140. Corn—No. 2 mixed. 61%@02%c; No. 2 white, 62Vi@02%c; No. 2 yellow, 62% I'do2%c; No. 3 mixed. OOVi/oi%' : No. 3 while, 614011%'-: yellow, 61® 62Vic : No. 4 mixed. t'.0%0: No. 5 white, 60c. Oats—No. 1 white, 43%e, No. 2 white. 39Vi430: No. 3 white, 38% @:4o%e; No. 4 white, 37%@,40c. TOLEDO SEED PRICES. NEW YORK May 15. Seed Close— Cloverseed —< 'usi., $ 13.75; (tetober $11.45. Aliske—Cash, $11.50; August, $1.7:.; October, $11.20. Timothy ('ash, 3.10; September, $3.45; October, $3.25. TOLEDO GRAIN PRICKS. TOLEDO, Ma vl.V—Wheat Gish. $1.42 @1.43% ; May, $1.42; July, $1.26%. Corn— Cush. 07%@68%c. Oats Cash. 44(</4(Jec. Rye -Cash, $1.09. Barley- Cush, 70c. PRIMARY MARKETS. (By Thomson A McKinnon.) —Mav 15— RECEIPTS. Wheat Corn Oats St Joseph ... 22,000 60,000 14,000 Chicago 333,000 323,000 246,000 Milwaukee .... 7,000 231,000 243.000 Minneapolis .. 278,000 62,000 106.000 Duluth 61.0<X) 17,000 34,0*10 St. Louis 251,000 230,000 156.WH) Toledo 12,000 8,00 * Kansas City.. 282,000 139.0(H) 36.000 Peoria . 2,000 58,000 93.000 Omaha 124.000 110.000 130.000 indlanapolis .. 8,000 52,000 48,000 Totals 1.364,000 1,304,000 1,142,000 Year ago ..1,133,000 572,000 483,000 SHIPMENTS. Wheat Corn Oats St. Joseph .... 12,000 00,000 Chicago 18,000 259,000 306,000 Milwaukee .... . 4,000 282,000 46.000 Minneapolis ... 14.<mhi 96.000 246.0(H) Duluth 6.000 Ss.ihh) St Louis 90,000 184.000 78.000 Toledo 17,000 30,000 Detroit 4,000 Kansas City .. 410,000 26.ikhi 10.000 Peoria 32.(HM> 77,(HH) Omaha 122, 000 113, (H)0 46,(HH) Indianapolis .. 1,000 21,000 12.*HH) Totals 783,000 1,175.000 St 1.000 Yeur ago .. 680,lHX> 388,000 406,000 CLEARANCES. Wheat Corn Oats New York 72,000 17.0(H) 180,000 Baltimore 09,000 20,000 Gaut-stou .... 294,000 Newp't News 120,000 Totals 446,000 200.000 200,000 Year ago .. 270,000 215,000 INDIANAPOLIS CASH GRAIN. —May 15Bids for <nr lota of grain anil hay at the call of the Indianapolis Board of Trade were: . Wheat—Steady; No. 2 red, $1.40%® 1.42%. Corn —Steady; No. 3 white, 65%®60c; No. 4 white," 04%t065c; No. 3 yellow, 64%®65e: No. 4 yellow, 63%®04c. No. 3 mixed. 64@5c; No. 4 mixed. 423(9.63%c. Oats —Steady; No. 2 while, 42®42%c; No. 3 while, 4Kit,4l Vic. Hay—Steady; No. 1 timothy, sl9® 19.50; No. 2 timothy. slß.so@lrt; No. 1 light clover mixed, slß® 18.50; No. 1 clover, $19.50® 20.50. —lnspections— ■Wheat—No. 3 red, 1 car; No. 4 mixed, 1 oar; sample, 1 car; total, 3 cars. Corn —No. 1 white. 3 cars; No. 2 white, 1 car; No. 3 white, 2 cars: No. 0 white, 2 curs; No. 2 yellow, 1 car; No. 3 yellow, 1 car; No. 4 yellow, 2 cars; No. 5 yellow, 4 cars; No. 6 yellow, 5 cars: sample yellow, 4 cars: No. 2 mixed. 1 car; No. "3 mixed, 1 enr; No. 4 mixed, 1 car; No 6 mixed. 1 car; total, 29 cars. O fl ts—No. 2 white, 5 cars; No. 3 white, 0 cars; N0..4 white. 8 cars; total, 10 cars. ltye—No. 3, 1 car. HAY MARKET. The following are the Indianapolis prices lor hay. oy the wagon load, deI'vered in Indianapolis: Hay—Loose timothy. sl7® 18; mixed uay, $10017; baled hay, $l7OlB. Oats —New, per bushel, 42045 c. Corn—Both old and new. per bushel, 00 tttSc. WAGON WHEAT PRICES. Indianapolis flour mills and elevators 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.

Local Stock Exchange

—May 15— STOCKS. Bid. Ask. Ind. Ry. & Light com 67 Ind. Ky. A Light pfd 78 InUpls. St. Ry 50 lndpls. N. W. pfd 60 Indpls. A S. E. pfd 60 T. H., T. & I. pfd 71 T. H., I. & E. com ... 6 T. H„ I. & E. pM ... Jfl U. T. of Ind. com. I U. T. of Ind. Ist pfd 4% 9% l. T. of Ind. 2d pfd St Advance-Uuraely pfd ... Advance-Rumely com 16% ... Am. Central Life 200 ... Am. Creosotiug pfd 94 ... Belt R. R. pfd 50 Belt li. R. com 60 Century Blag. Cos. pfd 03% ... Citizens Gas Cos 20% ... City Service com 230 235 City Service Cos. pfd, 64 69 Dodge Mfg. pfd 86 91 Home Brewing 4$ ... Ind. Hotel coin 86% ... Ind. Hotel Cos. pfd 99 Ind. Nat. Life Ins. Cos 2 ... Ind. Title Guarantee 71 Ind. Pipe Line 97 limpis. Abattoir pfd 45 Indpls. Gas 44 Indpls. Tel. pfd 90 I” Indpls. Tel. com 5 Mer. Pub. Util, pfd 48 Nat. Motor Car Cos 1% 4 Pub. Savings Ins. Cos 5% ... Kauli Pert, pfd 47% ... Stand. Oil of Indiana 105 Sterling Fire Ins Cos 7% 8 Van Camp Ildw. pfd 90 Van Camp Prod. Ist pfd 97 100 Van Camp Prod. 2d pfd Vandalia Coal Cos. coin 1 ... Vaudalia Coal Cos. pfd 7% 12V. Wabash Ky. pfd 31 34 Wabash iiy. com 10 BONDS. Broad Rippie 5s 59 64 Citizens St. Ry. 5s 79 Indian Crock Coal & Mine 0s ... 100 Ind. Coke A Gas 6s 86 Indpls. C. AS. 5s 01% ... Indpls. A Martinsville 55.... 55 Indpls. A North. 5s 40 43% Indpls. St. Ry. 4s 60 64 lull.ls. AN.W. 5s 51% 55% Indpis. A S. E 6s 45 Indpls. Shelby. A S. E. 5s 70 75 T 11.. I. A E. 55..; 63 Citizens Gas 5s 85 00 Indpls. Gas 5s 85 90 Kokomo. M. A W. 5s . 87 00 Ind. Hotel Cos. 6s 09 Indpls. Water 5s 96 100 Ir.dpls. Water 4%s 81 Indpls. T. A T 5s SO Indpls. L. A H. 5s 90 93 I T. of Ind. 6s 52 Mer. H. A L. 5s 09 99% New Tel. L. D. 5s 97 New Tel. Ist 6s 97 South. Ind. Power 6s 87 92 LIBERTY BONDS. Liberty Ist 3%s 99.10 99.20 Liberty Ist 4Vi 99.70 99.78 Liberty 2nd 4%s 99.40 99.50 Liberty 3rd 4%s 99 70 99.80 Liberty 4th 4Vis 99.80 99.92 Victory 4%s 100.50 100.56 —Rales SI,OOO Liberty 4th 4V 4 s at 99.92

Local Curb Market

(By Newton Todd.) —May 15— Bid. Ask. Am. Hominy Cos 10 16 Central and Coast Oil ...... % ... Choate Oil Corp % % Commonwealth Kin. com. ... 28 38 Commonwealth Fin. pfd.,... 48 58 Columbian Fire Its. Cos 6 7% 1 nivt'Ui Rubber Units 41 50 Dictograph Prod pfd 28 3S D \V. Griffith 3% 6% Elgin Motor Car 2 3% Fed. Fin. Cos. pfil 78 88 Fed. Flu. Cos. com 121 131 Gt. Sou. Prod. A Ref 6% 9 Interstate Pub. Serv. pfd. ... 81 91 Metro. 5 10c Store com 3% 7 Metro. 5 10*- Stores pfd 18 27 Nat. Underwriting 2% 5 Rauch A Lang Units 21 31 R d.’ ins Ii .lv Units 14 22 Rub,Tex Units 10% 16 U. S. Auto Units 30 40 U. S. Mtg. Cos. Units 102 122 BANK fITOCKS. Commercial N'at'l Bank .... 74 83 Cont Nat. Bank 104 114 ind. Trust Cos 176 ... In I. Nat. Bank 253 265 Mer. Nat. Bank 282 Nat l City Bank 72 88 Security Trust Cos 131 140 State Savings A TrttgL 94 99 Union Trust Cos 300 ... Wash Bank A Trust Cos. .. 150

HI Jaitiaua Jlaihi U\vm ||j lil Indianapolis, Indiana SSJ Department of FIRST AID IN EMERGENCIES SUPPOSE you lose your jot SUPPOSE your cook strikes out for parts unknown SUPPOSE you wish to sell your old car quickly SUPPOSE one of your hoarders leaves suddenly SUPPOSE your landlord won t renew your lease SUPPOSE you need another stenographer SUPPOSE you wish to borrow money SUPPOSE a hundred and one other emergency needs m your business or your home - Do you know that we have a speeial department for Just such needs; that you can sit quietly at home, yet within quick touch of hundreds of people wanting just what you may have to offer (aervlce, merchandise, etc.) or offering Just what you desire 7 This “First Aid in Emergencies Department” is more generally known aa our “Classified Advertising Sections." Telephone Main 3500. All the wants or offerings there are so listed that you can quickly find the group in which you are Interested, though you might well form the habit of reading them all —for, Indeed, they are REAL NEWS.

SWINE VALUES RULE STRONG Cattle Values'Show Weakness —Veals Higher. RANGE OP HOG PRICES*. Good Good Good Hay Mixed. Heavy. Light. 8. $10.90 $10.76010.90 $10.90®11.00 9. 10.90ff11.00 t0.7Eff10.90 [email protected] 10. 10.80ff10.90 10.85® 10.75 10i85@ 10.90 11. 10.55ff10.76 10.50ff10.60 [email protected] 12. [email protected] [email protected] [email protected] 18. 10.75ffi0.85 10.85 ff 10.75 10.85ff1t).90 15. [email protected] [email protected] [email protected] With receipt.B light at 5,800 and the demands of both the packers and the shippers with Eastern house connections good, swine prices ruled steady to strong In trade on the local live stock exchange today. There was a top of $10.90 on lights, whi’e the bulk of that grade sold at [email protected]. The bulk of the sales for the day were made at [email protected], and the range of sales for the day was $10.75 t&lO 90. Trading was fairly active and a good clearance for the day was anticipated. Both packers and shippers took their usual quotas. Cattle trade was rather slow, with the packers rather reluctant to buy unless t'tey could get the cattle at lower prices. There was a little better activity after the opening hour, but there was but little firmness shown In prices. Values were slow steady generally In the cases of sales of cows, heifers, canners and cutters, while there were several weak spots in the steer market. There was, however, a good demand for Bulls, which sold, in cases, at prices that seemed higher than the same grade would havo commanded on the closing market of the previous week. R ipts for the day ran close to 506. Therr* were about nine car loads of steers, a similar number of cars of cows and heifers, and some mixed loads. Veals were strong to 50 cents higher generally, with receipts rather light at 500. the qualify fair to good and the shipping demand rather brisk. There was a top of $10.50 on good Teals, while a few choice ones brought sll, hut this could not be considered as within the general market trend, for the number of sales at that price was too small. YVith 100 sheep and lambs on the market, prices were steady. HOGS. 100 to ISO lbs average $10.8."><g10.90 Over 300 lbs 10 60^10.65 150 lbs. to 300 lbs 10.75(^10.90 Best pigs, under 140 lbs [email protected] Top 10.90 Roughs 5.75(® 9.25 Stags 0.50® 7.50 Bulk of sales 10.80@ 10.90 —Cattle - Few choice steers 8.00 Prime corn fed steers, 1,000 to 1,800 lbs 7.50® 7.75 Good to choice steers, 1,200 to 1,300 lbs 7.00® 7.50 Good to choice steers. 1,100 to 1,200 lbs 6.50® 7.00 Good to choice steers, 1,000 to 1.100 lbs 5.73® 6.50 Common to medium steers, 800 to 1,800 lbs 5.50® 5.75 Cows and Heifers— Good to choice hellers 7.65® 800 Medium heifers 7.00® 7.50 Common to medium heifers.. 5.85® 6.85 Good to choice cows../. 6.90® 6.75 Fair to medium cows 4 00® 5.50 Canners 2.50® 3.75 Cutter* . 2 :50@ 3.75 —Bulls— Fancy butcher bulls 6.50® 6.00 Good to choice butcher bulls. 5.00® 5.75 Bologna bulls 3.75® 4.50 Light bologna bulls 3.50® 4.00 Light common bulls 3.25® 3.50 —Calves— Choice veals . 10.00® n on Good veals 9.50®10.00 Medium veals B.oo® 9.50 Common to heavvwetght veals 7.5t)® 800 Lightweight veals 6.50® 7.50 —Stockers and Feeders— Good to choice steers under 800 lbs , 6 75® 7.00 Medium cows 2.50® 4.00 Good cows 3.25® 4.25 Good heifers 6.75® 6.73 Medium to good heifers 4.50® 5.75 —Sheep and Lambs— Cnll ewes 2 50® 3.50 Good to choice ewes 5.00@ 800 ; Bucks 2 50® 3.00 j Clipped lambs 9.00®11.001 Wool lambs 11.00®13 00‘ Splngers ' 13.00ruT6.5rt Buck lambs 5 00® 600 Culls 3 00® 4.00 *

MAY 15,1922.

Other Livestock

CHICAGO, May 15.— Hogs—Receipts, 39,000;*market, strong to 10 cents higher; bulk of sales, [email protected]; top, $10.90: heavies, [email protected]; mediums, $10.60® 10.85; lights, $10.80®10.90; light lights, $10.50®10.80; heavy packing sows, smooth, [email protected]; packing sows, rough, $9.50® 9.60; pigs, [email protected]. Cattle—Receipts, 21,000; market, slow and weak to 10 cents lower. Beef steers—Choice and prime, $8.50®9.15; medium and good, $7.5Q®8.50: good and choice, sß.li>®9; common and medium, [email protected]. Butcher cattle —Heifers [email protected]; cows. [email protected]; bulls, $4.50® 6.35. Canners and cutters—Cows and ers, [email protected]; canner steers, $4.754 5.75; veal calves, light and handywelghH [email protected]; stacker steers, [email protected], ' Stocker steers, [email protected]; Stocker cows and heifers, $4.25®6.25. Sheep and lambs—Receipts, 15,000: market, 25 to 50 cents lower; good to choice lambs, [email protected]; cull and common lambs, [email protected]: springers, $13.50® 15.30; yearlings, SS.SO® 11.25; ewes. [email protected]; cull and common ewes, $2 @4.75. CINCINNATI, May 15—Hogs—Receipts, 6,400; market, strong to 15 cents higher; all grades good swine, $10.90: pigs, $10.50: roughs, $9; stags, $5.50. Cattle— Receipts. 1.200; market, steady to strong; bulls, strong; calves. $9.50. Sheep and Lambs—Receipts. 1.200; market, steady; ewes. sf!@7: choice lambs, sl6; seconds, $10@11; culls, s7@9. j CLEVELAND, May 15.—Hogs—Receipts, 6,000; market, steady; yorkers, mixed, mediums and pigs. sll : roughs. I $8.50; stags, $5.50. Cattle—Receipts, 900 ; m rket, steady. Sheep and lambs —Receipts, 1,300; market, 50 cents lower; top, 1 $13.50. Calves—Receipts, 1,000; market, j $1 higher; top, $10.50. EAST BUFFALO. May 15.—Hogs—Re- ! ceipts, 14.400; market atcive; yorkers, $11.25® 11.40; pigs, [email protected];' mixed, ; $11.25® 11.35 ; heavies. $11®11.25; roughs, . [email protected]; stags, ss@6. Cattle—Receipts, i 4.125; market slow: feeders. $5@G; shipping steers, [email protected]: butcher grades, ;[email protected]; heifers. $5.50@8; cows, s2® 6.75: bulls,' [email protected]. Calves —Receipts. 3.500; market active; cull to choice. s4® 10.50. Shee.p and lambs—Receipts, 8,400; market slow: choice lambs. $12@13 cull to fair lambs, s6® 11.50; yearlings, s7® 11; sheep, [email protected]. ! EAST ST. LOUIS, May 13.—Hogs—Rei ceipts. 15.000; market, 5 to 10 cents higher; mixed ami butchers, slo.Bo® 10.95; .good heavies. slo.Bo® 10.90; roughs', $(T10 ■ @9.25; lights. $10.75® 10.90: pigs, slo® : 10.75; bulk of sales. [email protected]. Cattle | —Receipts, 5,090; market, steady to 10 cents lower; native beef steers. $8.75® 9: yearling steers and heifers, cows, [email protected]; Stockers and $5.75®7.50; canners and cutters. $3®4.707 Sheep and Lambs—Receipts, 1.S00; mar ket. steady; mutton ewes. s7®7 srt; good to choice lambs, $12@13J15; canners and choppers, sl@3; spring lambs, $14.50® 15.23. | PITTSBURGH. May 15.—Hogs-Re-ceipts, 6,300; market 5c higher: prime | heavies, $10.90® 11; mediums. $11®11.15; Tight atl nheavy yorkers. [email protected]; 'pigs. $11.35; roughs. [email protected]: stags. $3 | ®5.25. Cattle—Receipts, 1.300; market slow, steady to weak: choice. SS.6O@; 1 prime. $8.15®8.50; good. $8 [email protected]; tii(ff [butchers, $7 50@525; fair, $6®7.25; com- * mon, [email protected]; common to good fat bulls, [email protected]; common to good fat cows, $2.60®6.50; heifers. s6® 7.35; fresh i cows and springers. $50@80; veal calves, $10; heavy and thin calves. $4.50® 7. Sheep and lambs—Receipts. 6,000; market steady; prime wethers, [email protected]: good mixed, [email protected]; fair mixed, [email protected]; culls and commons. s2@4: good to choice lambs, $12@13; springers, sl6. CHICAGO PRODUCE. CHICAGO, May 15.—Butter—Receipts, 13.800; creamery extras, 33%e; standards, 36c; firsts, 29@33c; packing t*tcck, 18© 10c. Eggs—Receipts. 48,980 cases; current re'-eipts, 24@24%c: ordinary firsts, 22%@23c; firsts. 24 3-5@25%0; checks, 21%®22c; dirties. 22®22%c. Cheese—Twins (new). 15%@15%c; daisies! 16%@16c; Y'oung Americas, 17c; longhorns, 16’-j@lo%c; brick, 15%c. Live poultry—Turkeys. 25e; chickens, 26c; springers. 40®48c; roosters, I4c; geese, 14c; ducks, 22c. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift A Cos.; Bibs —No. 2, IS< : No. 3,14 c. Loins—No. 2, 24c; No. 3,18 c. Round—No. 2,15 c: No. 3.14 c. Chucks—No. 2,11 c; No. 3, M| Plates — No. 2,7 c; No. 3. fie. NEW YORK METAL MARKET. NEW YORK, May 15. —Copper—Quiet: spor. May and June offered, l.V'qc. Lead —Firm; spot. May and June offered. 5.45 c. Spelter—Firm: spot anil May, 5.05*0.5.13c; June. 5.07%@5.15c.