Indianapolis Times, Volume 35, Number 4, Indianapolis, Marion County, 16 May 1922 — Page 10

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PROFIT TAKING CAUSES FALLS IN STOCK LIST Independent Steels Lose Most When Market Becomes Irregular After Brisk Opening. STRENGTH OF COPPER Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK. May 10.—After a brisk opening in which considerable strength was displayed by the independent sleets some of the oils and industrials, Monday's market developed decided irregularity. Heavy profit-taking souu made its appearance, and it continued with the exception of a few groups and issues ’until the close. The independent steels in particular suffered heavily and losses were general in this quarter of the market. The motors also were freely sold. Some early strength was displayed by the equipments, but the gains were cancelled in practically every instance by the subsequent selling movement. Among the oils Trans-Continental was ag.'in the feature, with a wide opening on a block of about 10.000 shares, which was executed at au overnight advance of two points. At the close this stock was only fractionally higher on the day. The rest of the petroleum group performed in rather colorless fashion, although Phillips Petroleum was in good demand at times. The strong features of the market were represented by the coppers and a few of the specialtis. Kennecott and Cerro tie Pasco both were in good demand. Among the strong specialties were American Cotton Oil, American Hide and Leather preferred, United States Retail Stores und Freeport Texas.—Copyright, 1922, by Public Ledger Company. WALL STREET GOSSIP NEW YORK. May It!.—Freeport. Texas was one of the strongest issues on the board yesterday, and, despite a recession for a point or s.> from the high, closed with a net gain of 2'*-* points fur the day. Reports that the company had brought In anew well at Stratton Ridge. Texa->. with an initial flow of 1.000 barrels per day. was decidedly encouraging to trailer*. especially as the company owns about GUI acres in this particular field. Equipments were firm and held well, buying being based on continued orders for rolling stock by railroads. New York Central has placed a further order for l.OiiO freight cars. This makes a total of 01.000 *ars ordered hy domestic roads so far this year. When it is considered thnt total domestic orders by all roads last year only amounted to 25.35S cars, the proportionate improvement is evident. Stockholders of Harbison Refractories have voted to retire anil cancel the s*i.6ot>.000 of preferred stock which is now in the company's treasury. While many of the leading copper stocks are showing a gradual improvement as a result of individual factors hearing upon each particular stock, the list, as a whole, is reflecting the betterment in the copper metal situation. With May. June an.-l July copper now holding at 13% cents, and. with some copper dealers looking for cent copper io the nrnir future, traders following the copper stocks have a much more solid basis for their optimism. Standard Oil of New Jersey shows .1 surplus of $33,845,930 after preferred dividends and other charges, which is the equivalent of $5.07 per share earned on the common during 1921. In 1920, the total surplus was 51ft4.4ft1,409. Steel stocks, especially those independents which figure in merger reports, were among the early leaders. Companies concerned in the “six-company” merger were firmer on the announcement by Thomas L. Chadbournt*. corporation attorney, that there was nothing in the arrangement made for this merger which conflicted in any way with the requirements of either the ‘Clayt u Act or the Sherman law. Mr. Chadbourno calie I attention to the fact that the total rated ingot capacity of the six companies constitutes but Vi per cent of the steel production of the country. Coppers, as a group, were more active, following the lead of Kcnneeott toward higher levels. Kcnneeott was better than 2 points higher in the early trading on the general expectation that the Mother I.ode property would inaugurate dividend* at the rate of $1 per share by the middle of next month. Kennecott controls about 51 per cent of the Mother Lode stock.

7 t is reported here that T'nited States Steel common is being groomed for h rise on the general theory that the superior assets and earning power of the steel corporation stock entitle it to sell at a much larger premium over the independent steels, which have been featuring market trading recently. General American Tank far preferred is holding fairly steady, although n fractional loss wns shown in the early truding market as a result of the liquidation which affected most of the market leaders. This stock, paying 7 per cent, is regarded as a bit out of line with the rest of tin- market. Its dividend record Is rather good and an average for the last four years, which includes the ad v.-rse period in 1921. shows earnings of $•5.75 per year on the common stock, niter preferred dividends had been paid. Well-Farco & Company show net earnings for 1921 of $1,279,707. which is equal to $5.34 per share. This compares with SI.W per share in 1920. Rail stocks are under somewhat of a shallow and probably will continue so until the May 20 White House dinner has developed Us purpose and indicated its results. Affairs in railroad circles are in such ticklish position at present that any such meeting is bound to give rise to nervousness if nothing more. At the same time, the recent decision of the labor board on car service shops also contains expensive potential possibilities for many rail systems. This detision affected the Indiana Harbor Belt I.ine. a New York Centra! subsidiary, and it is learned hen' that Robert j. Carey of the New Y'ork Central legal forces has gone West to discuss the case with Vice President Hannaiir of the Indiana Harbor.—Copyright, 1922, by Public Ledger Company. NEW YORK SI OARS. NEW YORK, May 10. —Raw sugars were barely steady in trading on the exchange here today. Cuba* sold at 4.40 c per pound, duty paid, and Porto Ricos at [email protected] per pound, duty free, delivered. Relined sugars were steady, fine guaranteed being quoted at 5.25®5.50e and No. 1 soft at [email protected] per pound. NEW YORK COFFEE. NEW YORK, May 16.—Coffee values ruled steady on the exchange here today, opening options being 2 to 6 points higher. Rio No. 7 on spot sold at life. 11Vic per pound. NEW YORK METAL MARKET. NEW YORK, May 16—Copper— Firm ; spot and May offered 12.%r: June, 13e! Lead—Quiet; spot. May and June of sered 5.45 c. Spelter—Steady: spot and May, [email protected]; June. 5.10@3J!0c. NEW YORK PETROLEUM. NEW YORK, May 16. Petroleum prices were again steady in trade on the market here today, Pennsylvania crude petroleum selling at $3.25 per barrel. NEW YORK HIDES. NEW YORK. May 16.—Hides were steady In trading on the exchange here today, native steer hides selling at 13V4c and branded steer hides at 13c per pound. NEW YORK YVOOL.NEW Y'ORK. May 16.—W00l prices again ruled firm in trade on the market here today, fMiees of the past week being well maintained. NEW YORK RICE. NEW YORK. May 16. —Rice ralnes were unchanged in trade on the market here today, domestic rice selling at 3Vi<£7V4c •!J r P OKn< i-

STOCK MARKET TONE IRREGULAR Motor Issues Feature Final Hour of Trading. NEW TORK, May 16.—The market closed irregular today. The motor shnres were the feature of the late dealings. Sfudebaker advancing 5 points to 118%. while Chandler Motors rose 1% points to 73%. United States Steel reacted from 99% to 98% and then reacted to 98%. Lackawanna Steel yielded over 3 points to *O%. Reading showed a loss of 1 point at 77%. Government bonds were unchanged and railway and other bonds, irregular. Sales of stocks for the day totaled 1.0U0.0U0 shares: bonds. $15.22,00<). (By Thomson & McKinnon) —May Id— Today's market was again irregular, with activity centered in special issues. The trading in general is becoming more professional and this gives us the frequent fluctuations in both directions. Trading in the steel issueß is active but with no well defined idea and much of the buying and selling was based on guesses as to the basis to be established in the announced merger a well as in those under contemplation. One point to he considered in connection with present market is that bulges are not as well maintatined as in the past, and selling pressure develops at more frequent inter\-als. This, undoubtedly. is the result of the change that has occurred in the general position of the market. In which the public interest has assumed rather large proportions, and this will remain an important factor in the trailing, because so long as the public interest remains large and loans Increase the market will be susceptible frequently not only to attack from the bearish element but also to profit-taking on a sufficient scale to give us these frequent irregular periods. As to the future there can be llttie doubt but that till- tendency of all business will he toward improvement and this will be reflected in an ultimately higher level of prices. In order to derive the most benefit from this it is advisable to pursue a conservative course aud not indulge in over-ex-tension. Indianapolis bank clearings Tuesday were $4,093,090; bank debits. $5.400,000. TWENTY STOCKS AVERAGE. NEW YORK, May li. —Twenty industrial stocks Friday averaged 92.05. off .S3 per cent. Twenty active rails averaged 83.58. off .32 per cent. Money and Exchange Indianapolis bank clearings Monday were $3,831,000: bank debits, $0,792,000. NEW YORK. May 16.—The foreign exchange opened steady today, with demand Sterling unchanged at $4.45. Frances were % centime up at 9.14%c for cables and 9.14 V- for checks. Lire rose % point to 5.29 c for cables and 5.28%e for checks Belgian francs were tinchanged at 8 33c for rallies and 8.32 %e for checks. Mark- advanced % of a point to 0035\c. Guilder cables were 38.78 c; check*. 35.730. Sweden kronen cables were 25.00 c: checks. 25.55 c. Norway kronen cables were is.osc; checks. 18.60 c;" Denmark kronen cables were 21.33 c; checks. 21.28 c.

ACTIVE OIL STOCKS. tLv Thomson ,v McKinnon.) May 16— —OpeningBid.' Ask. Angio-American Oil 20 21 Atlantic Lottos 10% 11 Borne-Scrymser 36<* 380 Buckeye Ripe Line 97 99 < ’h**ebr*'iig!i Mfg Cons list 200 Con". Oil. Colorado 140 145 Oosden Oil and (has 5 s Crescent I’ipe Line 33 38 Cumberland Ripe Line 14** 145 El < Basin IVte 9% 9% Eureka Rip*- Line lot 104 Galena Signal <!!. pfd ltd 115 Galena-Signal Gil. com ... sft (So Illinois Rip- Line 185 11*0 Indiana R!pe Line 98 100 M-rritt G(i 13% 14 Midwest Ol! 2% 3 Mil west Refitting 200 National Transit 30 31 New York Transit 175 I*2 Northern Ripe Line 196 109 Ohio Gil 316 322 Oklahoma I*. A R 7 8 Renn. ,\9i 27 32 Rr-.iirle Coal and Gas CIO C2O I’rairle I’ipe Line 227 232 Bnpu!pa Refining 3% 4 Solar Refining 360 390 Southern Pipe Line 101 I**4 South Renn Oil 215 225 So’Rhwegt Renn Ripe Lines. 62 65 Standard Oil Cos. of Tnd 1 o. r , 105% Stanrad Oil Cos. of Kan 570 580 Standard Oil Cos. of Ky >-2 82% Standard OH Cos. of Neb 190 200 Standard OH Cos. of N. Y ... 407 411 Standard Oil Cos. of Ohio 460 480 Swan v Finch 30 44* Vacuum Oil 420 4.30 Washington Oil 20 30 NEW YORK CURB MARKET. (Bv Thomson & McKinnon.) May 16— - Closing— Bid. Ask. Acme Racking st> 65 Curtis Aero, com 4% 6 Curtis Aero, pfd 24% 25% Boston & Montana 21 22 Boston A- Montana Curp.. 1 1 1-16 Goldfield Con 6 8 Jumbo Extension 3 5 International Petroleum.. 21% 21 % Kirby Oil 10% It Nipissing 6% 6 Standard Motors 5 5% Salt Creek 18% 18% Tonopah Extension 1% 1% Tonopah Mining 1% 1% United R. S. new 6% 7 U. S. Light anil Heat 1% 1% F. S. Light and Ilcnt pfd 1 1% Wright Martin 2 5 " Yukon Gold Mine Cos 1 1% Jerome 3% 3% New Cornelia 17% 18% United Verde 28 28% Sequoyah 3 10 Omar Oil 1% 1% Rep. Tire 80 90 CHICAGO STOCKS. ißy Thomson A- McKinnon) —May 16 - Open. High. Low. Chose. Arm. & Cos. pfd.. 96% Armour leather 12% c. c. & c. u. rs. 7% Continental Mot. 8% 8% 8% 8% I>eero A Cos. pfd. 76% Earl Motors 3% 3% 3% 3% Libbv McNeill... 2% 2% 2% 2% Mont. Ward 21% 22 21% 21% Natl. Leather 2% Nat. Loath, new 8% 8% 8% .8% Riggly Wig. A.. 45 45 42 44% Quaker Oats 95 Stewart Warner 4040% 4040% Swift A Cos 102% 102% 102% 102% Swift Inti 20% 20% 20% 20% Union C. A C... 58 58% 57% 58% Wahl 61% 62% 01% 61% Wrigle.v 101 % Yellow Taxi 72 72 71% 71% MOTOR SECURITIES. (By Thomson & McKinnon) —May 10— —Closing Bid. Ask. Earl Motors 3% 3% Packard com 12% 12% Packard pfd 87 88 Peerless 42 43% Cont. Motors com 8% 8% Com. Motors pfd 8!) 02 Hupp com 19% 19% Hupp pfd 98 103 Ren Motor Car 24 24% Elgin Motors 2% 3 Grant Motors % 1 Ford of Canada 373 385 National Motors 2 4 Federal Truck 22 23 Paige Motors 20 21 Republic Truck 7% 8% STANDARD OIL OF INDIANA. Salea, 5.500 shares. Open. 194%; high, 103%; h-vr, 10t>4; close, 105%. C Sheriff Patriotic to Home College ATHENS. Ohio, May 16 —Everybody In Athens pulls for Ohio Fniverslty. Even Sheriff Herb Parker Is having the Interior of the county Jail painted in the coWge colors—green and white. The proners, it is said, are learning college

hi. Y. Stock Exchange

(By Thomson & McKinnon.) —.May 16— Prev. High. Low. Close, close. Am. Ship 17*.% 17 17 17% Ajax Rubber 17 16% 17 17 Allied (.’hem ftft 60% 60%, 05% Allis-Chalmers.. 48% 48 48 48>a i Am. B. Sugur... 41% 40% 40% ! Am. B. Magneto. 44% 4% 44% 44 i Am. Cap 47% 46% 47% 10% i Am. C. Fy. ...159 159 159 159% I American Ice ...108 104 100% 102 Am.II. X L.pfd.. 70 69% 70 09% Am. In. Corp... 45 43% 44% 44% Am. Locoino.... 114 113% 114 113% Am. S. Fdy 38% 38 38 38% Am. 8. A Kef.... 61 59 60% 58% Am. Sug. Kef ... 74% 73% 74% 71*4 Am.S.Tob. C 0.... 34% 34 714 54% Am. Tel. A Te 1.121% 121% 121% 121% Ain. Tobacco ..138% 138% 138% 138 Am. Woolen... 90% 90% 90% 91 Anaconda 54 53% 53% 62% Atchison 99% 99% 99% 90 At Coast Line.. 102% 102% 102% ... At Gulf &W I. 37% 35% 716% 35% Austin Nichols.. 25 24% 24% ... Baldwin Loco.. 115% 114% 115% 115% B. & 0 46% 46 46 46 Beth Steel (B).. 79 76% 77% 78% Brook It. T 25 24% 25 25 California Pet.. 56 55% 55% 55% Can Pae Ky.,.139% 139% 139% 139% Ceil Leather 38% 38 38 39 Chand Motor ... 73% 71% 73% 72 C. A 0 65% C. MASt Pcm 25% 24-% 25 25% C. M A St P pd 42 42 42 42 Chi A N W 74% 74% 74% 74% Chi. R I A Pac 42% 42% 42% 42% C, It 1A P 7 pet p 95% 95% 95 95% Chili Copper.... 20% 19% 20% 19-s Comp A Tab... 66% 64% 66% 63% Cluett A P ... ... 7>o . Chino Copper.. 29% 2874 29% 28% Columbia Gas.. 87% 87 87% 87% Coca Coin 57 57 57 57 Col. FI. A Iron 34% 34% 34% 34 Consolidated G. 118% 116% 117*% 116 Corn Products 100% 99 99% 99% Crucible Steel.. 73% 71 71% 71 Cuban Am. Sg. 21% 21% 21% 22 ! Cuban C. 5g.... 15% 15 15% 15% Dome Mines... 27 27 27 27% Erie 13% 13% 13% 13% Erie Ist pfd.... 21 % 21% 21% 21% Kndk-Ott A J... 83% 82% 92% 93% Famous Plnyers 90% 80% 80*4 B‘>% Fisk Rub. C 0... is 18 18 17% Gen. Asphult.. 00% 59% 00% 00% Gen. Cigars 73 73 73 Gen. Electric.... 103 162% 163 103% Gen. Motors 12% 12% 12% 12% Goodrich 4040 40 Gt. North, pfd.. 74 74 74 73% Gt. North. Grc.. 40% 40% 40% 40% Gu If States Steel 94% 81 94 95% Hupp Motors... 20% 19% 20% 19% Houston oil 77% 77% 77% 79 Illinois Central. 103 103 103 101 l Indtnhoma 4% 4% 4% 4% Inspir. Copper.. 41% 40% 41 'a 40% Inter. Harv 9*% 98 I*B% Inter. Nickel.... 17% 17% 17% 173, Inter. Paper.... 50 49%; 49% 49% (mine. Oil 19% IS 18% 18 Keystone Tire.. 21% 20% 21% 20% Kelly Spg. Tire 49% 49 49% 49% Kennecott Cop.. 36% 34 % 55 : % 34% Lacka Steel sl% 79% 75% 79% Lee Tire A Hub. 32% 32% 32% 32% L. A N 119% 158 119% 119 Loews, Inc 16 15% 10 10 Martin Parry .. 30 29 % 29% 30% Marine com 22% 22 22% 23 Marine pfd. ... 81% '■l si% M% May Stores ... lift lift lift 116 j Maryland 0i1... 30% 30% 30% 30% Mex. Pet 129% 127% 129% 12* Miami Copper".. 29% 29% 29% 29% Mid. States Oil 14% 14% 14% 11%; MillV. Steel 39% 39% 39% 3**% Mis. Pae. 8v... 22% 22% 22% 22% Mis. Pac. pfd... 55% 55% 55% 56 i Mont. Ward ... 21% 21% 21% 21%; Nut. Lead 93 92% 93 ! Nev. Cop 17% 17 17% 17% V Y. Central .. 99% ss% 98% ‘>x% New Haven .... 28% 28% 29% 29% Nor. Pac 73% 75% 75% 74 Pro. A Refiners 5'% 39 38 3-8% Pacific Oil 61% 63% 64 63% Ran.-Am. Ret. .. 63% 63 63 % 63% Retina Ky 40% 40% 10% 4n% Reople’s Gas .. 96% 80% 86% .86% Rere Marq 31% 31 31 Sl'. Rierce-Arrow .. 19% 17% 18 I** s. , Rterce oil Cos. .. 10% 10% 10% 10%, I‘ullmnu Car .. 120 s , 120 120% 120% Run* Gil 53 52 % 32% 32% Reading 78% 77% 77% i'** Rep. Ir<*n Steel 7"% 6,9% 69% 69% Heplogie Steel .. 35 34% 31% 31% ltyal Dutch . 61% 61% 61% 61% Sears Roebuck 71 73% 73% 73% Sinclair 31% 31% 31% 31% superior Steel .. 35% 35 35 35% Sloss 9. S. and I 51 , 49 50% 52% South. Rac <lO% 90% 90% po% South, ltv 23% 23% 23% 24 St. L. A SW. R. 29% 29% 29% 29% Stan Oil if C 114% 113% 114 ’ 113%, S. Oil of N J 197 186 187 196% St. LAS Fcm 29% 29% 29% 29% 1 Stewar" ,1c W. . 40 in 4040% Stromherg Orb 52% 52% 52 StuilHiaker 119% 114% 119% H',% : Tex. Gas A Sul. 40 44% 45% 44% Tex. Coni A Oil 29% 296. ps% -ju ! Texas Cos 47% 47 * 17% 47 . lexas A Pacific. 32 32 32 32%' Toll. Products... 70% (B*t.. 70% 69% ! Trans, oil 17'-, IH% 16% 17% Union oil 22 21% 21% 22 Union Pacific.. .137% 137 137% 137% United Drug.... 72% 72'-, 72% 72% United Fruit.... 140 140 l-fi* 139% U. S. Ret Stores 64% 60% 6.3% 60% U S. Cast 1. P.. 34 33% 33% 34 U. S. Indus. Al. 51% 50% 51% 5>% U. S. Rubber. . . 63% 62% 62% 621 U. S. Smelting.. 11% 41% 41% 41 % U. S St* el 99% 97% 99% DS U. S. Stel prd.,118% 117% 118% im Utah Copper.... 66% 01% (> 65% Van. Steel 49% 47% 49% 49 Wabash I<% !<>% 10% 10% With. Ist pfd... 31 30% 30% 30% West. Union... 97 ('7 97 97% West. Electric... 02% 01% 62 (.1 % White Motors... 47% 47% -'.7% 47% W-Overland .... 7% 7% 7% 7% White Gil 10 10 10 10% Wo ,iwor h 150 150 15*1 .. . Wilson A C 0.... 54 54 54 NEW YORK LIBERTY BONDS. —May 10— I’riv. High. I.ow. Close. Cboio. Liberty 3%b 99.29 99 20 99.21 99.20 I.lle-rtv Ist 4s 99.70 Liberty 2nd Is.. 99 36 1*9.26 99.20 99.40! Liberty Ist 4%s 99.80 99 76 99.93 09.70 I Liberty 2nd 4%s 99.58 99.48 99,5.8 99.52 ! Liberty 3r.l 4%s 99.92 99.82 99.92 99.92 Liberty 4th 4%s 99.99 99.80 99.80 99.90 Victory 3%s 100.02 100.00 Victory 4%s ....100.62 100.50 100.62 100.60

In the Cotton Market

NEW YROK, May 16.—The cotton market opened 4 to 19 points higher today on the firm cables and heavy rains iu Georgia. 'Trading was active. There was heavy commission house selling which was absorbed by Wall street and Liverpool. New Y'ork opening cotton prices: Mn.v, 21:20c; July, 20.45 c; August offered, 20.50 c: October, 20.4,5 c; December, 20.43 c; January, 20.30 c. The market was firmer in the late deal ings on reneweil genernl buying. The close was steady at a net advance of ,3 to 27 points. —Cotton Futures Open. High. Low. Close. January 20.32 20.43 20 40 20 25 March 20.32 20 40 19 95 20.22 May 21.20 21.34 20.K2 H. 20 July 20.45 20.60 20.13 20.45 October 20.48 20.61 20.10 20.42 December 20.43 20.60 20.08 20.44 —Cotton Review— NEW Y'ORK. May 16. There was heavy profit tnking in the cotton market today, notwithstanding the fact that the news generally was bullish from all sources. 'Tiie foreign markets were strong. Manchester business is big. The high prices of silver helps business in the Orient, and from the eotton belt, especially in the Southwest, we are still getting a multitude of gloomy crop reports. Itiit. as on each day recently, on the recession new buyers appear and gradually absorb nil offerings and later In the day many of the early sellers began tc repurchase and tints started the market on another upward swing, and there Is nothing yet to Indicate a culmination of the rise. LIY’EUPOOL. May 16.—There was a good demand for spot cotton today. Prices were about steady, and bales around 15.000 bales. American mtds, fair. 13.47d; good mtdß, 12.52d: fully rnlds, 12.22 J; mlds. 12.07d; low. 11.57d; good ordinary, 10.72d; ordinary, 10.22d. Futures were steady during Initial trading. MINE SWALLOWS GRAVES. MIDDLETON, England, May 10.—Part of the ancient cemetery of Middleton has been swallowed up by the eave-in of a lend mine underneath.

INDIANA DAILY TIMES

GRAINS CLOSE SHARPLY HIGHER Heavy Elevator and Commission Buying Factors. CHICAGO. May 10.—Grain prices were j sharply higher at the close of the Chi- ■ engo Board of Trade today, j The market advanced at the opening I and continued to rise when heavy buying : by local elevator interests and commission houses developed. | Reports that the milling stock was low i and unfavorable weather reports from ; the southwest grain belt influenced the ' advanced. May. wheat opened up lc at $1.44 and i closed up l%e; July wheat opened up %c at $1.26% and closed up 2%e; September ! wheat opened up %c at $1.20 and closed i up l%c. | May corn opened up %c at 61 %c and closed up :, *c: July corn opened up -c nt 64%c and closed off %c; September ! corn opened up %c at 64%c and closed up Vic. May oats opened up %c at 38c and closed up 6sc; July corn opened up %c unchanged, and closed up %c; September corn opened up %c nt 41%e and closed up %c. (By Thomson A McKinnon.) —May 16Wher.t —An old-fashioned wheat market. higher cables, good export business in old and new United States wheat, and : also Canadian, were features today. Apprehension concerning the new crop of winter wheat is growing so that those working for higher values in July and September are led to expect some help from thut quarter almost any time. The demand for September wheat by houses with export and foreign connections, making anew high price, was also a feature. Cash wheat followed the futures in lending markets, with a good demand. Broomhall says, in reviewing the world's wheat position, that the present prices of tlte new crop of American winter wheat, slßc resonable, and that any much lower value level is unlikely unless the 1922 spring wheat crop should turn out a bumper. We do not believe that we have discounted tile bullish conditions Httd arc looking for irregularly higher prices. Corn aud oats —A good many people are friendly to corn. The high price for hogs encourages corn bulls, as does the decreasing stocks. The oat situation is in a class by itself. Several States are sending very doleful reports .if the progress of the crop, and the report from one leading State are had enough to cause apprehension for not more than a quarter to one half a crop, unless the weather shotibl be made absolutely perfect. Me art* stlli believing in better values for both of these grains. Provisions The hog prices were just a little easier, and the demand was only moderate. However, there is enough produce already sold in export channels to give titis market strength ami a higher tendency from the easy places. CHICAGO GRAIN TABLE. May 10 - WHEAT < 1 pen. High. Low. Close. Mil v.. . . 144 1.40% 1.44 1.4534 JnlY 1.20% 1.29 1.26% 1.29% Sept 1.20 1.21% 1.20 1.21 % CORN. . - May 61 % .62 .61% .01% July 05% .65% ,6*4% .65 Sept.... .67% .67% .67% .67% OATS M;iV. ... .",-9 .39% .38 .3-9% July 39% .40% .39% .40% Sept.... .41% .42 .41*4 .41% I’OKK •May 22.95 LARD Mar... 11 47 11.47 11.42 11.42 .1 til v 11.67 11.67 11.60 11.60 Sept "92 11.95 11.92 11.92 KIHSMa V.... 12.05 12.75 12.65 12.75 •July 12.02 •Sept 12.00 RYE— Mav.... 1.00% 1.11% 1.011% 1.11% July... 1.08 d.K) 1.1*9 109% Sept 99% 102% .99% 1.02% •Nominal. CHICAGO CASH GRAIN. CHICAGO May 16. - Wheat —No. 2 tnix**d. $1.24%; No. 3 red, $139%; No. 2 hard wint.-r, sl44*',; No. 3 hard winter, sl. K%ftt 141 ; No. 1 northern spring dark sl.67'*. ■ No. 3 northern spring. dark, $1.04;* Si.. 2 northern spring. $1.47% j Corn No. 2 mixed. 62% 'a 63c; No. 2; white. (3 V<t.3%c; No 2 yellow. 113 %' 63% e; N*. 3 mixed. 01%@62%* , Nn 3 j white. 62 % M 62%c ; No 3 yellow. 01 %f 02%0 ; No. 4 mixed. 61.• •No t white, on*-. 1,1 ni< ; .No 5 yellow, 59%c, I >ats N*>. i white. 43 1 -i-; No. 2 white, 40%@430; No 3 white, 39%@41%c; No. 1 white, 38%@ 39 (fee. TOLEDO NEED AND GRAIN. T< I LEIX I, May 16. —Cloversei *l—Cash. $13.75; October $1145 Alsik*—Cash, $11.50; August, $11.75; October. sll2O Timothy-(’Hsh. $3.10; May. 3.10: Sep. tember. $3 45 October. $3 25 Wheat - Cash. $ 1.441*1 1 46% : May, $144: July, $130% Corn —Cash, OsicjOPe. Oats— Cash. 44%@4(5%c. ltye Cash. Jl.'ff. Barley—Cash, 70c.

PRIMARY' MARKETS. t Itv Thomson .V- McKinnon.) -May 15— RECEIPTS. Wheat. Corn. Oats. St Joseph. ... 10.00* 25,000 2,000 Chicago 416,000 339.000 271.000 Milwaukee ... 1.000 43,0*0 112,0*0 Minneapolis . 123,00* 41.000 74.000 Duluth 174.000 piT.tHto 80,00) St Louis 78,00 79.0X* 92,000 Toledo 7,000 19,000 12,000 Detroit 4.000 .8,000 Kansas City .. 135,0 4* 34,000 15,000 Peoria 4.000 49,000 34,000 Omaha 58,Of** 43,000 50.nn Indianapolis . 4,000 41,000 S.OOO Totals 1,014,000 828.000 780,090 Year ago ... 014.0,0 345,000 872,000 SHIPMENTS. Wheat. Corn. Oats. St. Joseph ... 10,0f*t 29,000 Chicago 39,000 497,000 418,000 Milwaukee 18,000 29,0c*) Minneapolis . 81,00'' 1053*00 144,'*** Duluth 06,000 384,0013 275,000 St. Louis 72,000 80.01** 87,04) Toledo 6,000 8,000 4.000 Kansas City .. 343,00 * 20.000 20,000 Peoria 8,000 40,000 71,0*0 Omaha 68.000 83,000 16.04) Indianapolis 10,000 14,<*00 Totals 693,000 1.274,003 1.048,(4)0 Year ago ... 005.1 (HI 501,(4X1 699,000 CLEARANCES. Wheat. Corn. Oats. New Y'ork 69,000 195,000 New Orleans . 8,000 Totals 8,000 60.000 195,000 Year ago . . 531,000 322,0*0 INDIANA POT. IS CASH GRAIN. —May 10Bids for car lots of grnin and hay at the call of the Indianapolis board of Trade were: Wheat—Firm: No. 2 red, [email protected]. Corn —Firm; No. 3 white, 66@67e; No. 4 white, 65®66c: No. .3 yellow, 65®Oik'; No. 4 yellow, 04® 65c; No. 3 mixed, 64Vi®65V-)e; No. 4 mixed, 33*,&®H4kSc. Oats—Firm; No. 2 white, 42 Vi @4 3c ; No. 3 white, 41V4@42c. Hay—Firm; No. 1 timothy $19®19.50; No. 2 timothy, $18.59® 10; No. 1 light clover mixed, $18®18.50; No. 1 clover, $19.50® 20.50. —lnspections Wheat —-No. 2 red, 2 cars: No. .3 red, 1 enr- total, 4 ears. U,,rn —So. 4 wime, 4 cars; No. 5 white, 5 cars; No. 0 white, 1 car; No. 2 yellow, 2 cars; No. 5 yellow. 1 car; No. 6 yellow, 1 car; No. 6 mixed. 1 car; total, 13 '"oats—No. 2 white, 1 car; No. 3 white, 2 cars; No. 4 white. 1 car; No. 2 mixed, ” ears; total, 6 cars. Ilay—No. 1 timothy, 1 car. MAY MARKET. The following are the Indianapolis prices for hay, oy the wagon toad, delivered lu Indianapolis: Hay—Loose timothy, sl7®it*; mixed hay. $10®17; baled hay. $l7OlB. Oats—New, per bushel, 42046 c. Corn—Both old and new, per bushel, 00 ttfific. YVAGON 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. VEYY’ METHOD OF SUICIDE. LONDON, May 16.—Joseph Itavlnl hit himself on the head with a beer bottle while standing on Chelsea Bridge. He fell into the Thames and was drowned. MY' HAT! LONDON, May 16.—Fashionable milliners report that this spring's sale of hats has exceeded that of every year since 1913. y*

SWINE VALUES 10 CENTS HIGHER Demand for Cattle Is Slow— Veals Are Strong. RANGE OF HOG PRICES. Good Good Good Msv Mixed. Heavy. Light. [email protected] $10,750 10.90 $10.90011.00 10. 10.80 @ 10.90 [email protected] [email protected] 11. [email protected] 10.50 @ 10.60 [email protected] 12. 10.65010.75 10.50@ 10.65 10.75010.90 13. 10.750 i.0.g.5 [email protected] [email protected] 15. 10.75©10.85 [email protected] 10.85010.90 I 16. 10.85 @ 10.90 10.75010.85 [email protected] Despite large receipts at close to 8.500 swine prices were 10c higher generally in trading on the local livestock exchange today. Advances were due principally to good demands by both shippers and packers, j Packers became excited during the first hour, when shippers seemed to hold a ! large number of orders, and followed the higher prices that shippers set. j Trading was of a fair nature, but [ there were doubts as to whether or not all of the receipts for the day would be moved. There was a top of sll on lights, at which there was a large number of sales, 1 and the hulk of the lights brought $10.05 (all. Mixed and mediums brought $lO 85 @10.90, and heavies, being of the lighter weights, brought [email protected]. There were even reported $10.90 sales on heavies. The bulk of the sales for the day i ranged nt, siti.o@ll. Cattle trading was slow, and prices were slow steady to 10 to 15 cents lower in spots. Receipts were light at 700, but packers took hut little interest. The nr rival of warm weather is said to have taken the life out of the retail meat trade and this in turn has slowed up the demands of the packers. The quality of sniff offered was fair. Veals were strong, with receipts close to 750 for the day, the quality good and the shlppintr demand brisk. There was a top or sll on choice veals, at which there were a fair number of sales, while the hulk of the good to choice veals brought slo@ 10.50. Sheep prices were sharply lower, and lambs steady, with receipts dose to 200, the quality poor and the demand slow’. There were no good lambs on the market, except a few springers. HOGS. 100 to tso lbs average $lO 95@ 11.0(1 Over 300 lbs 10.85*010.75 150 lbs to 300 lbs 10.--.Vnll 00 Best pigs, under 140 lbs 10 75©1U00 Top 11.00 Roughs 9 00*7i 9 50 Stags 15 50@ 7.05 Bulk of sales 10.9n%11.0tl —Cattle— Few choice steers 8.00 Prime corn fed steers, 1.000 to 1.800 lbs 7.soC*} 7.75 Good to choice steers, 1,200 to 1,300 lbs 7.00*3 7.50 Good to choice steers, l.ioo to 1.2' o lbs 6.s**@ 7.00 Good to choice steers, 1.000 to „ Ll**' lt> 5.75@ 6.50 Common to medium steers, 800 t. 1,800 lbs 5.50@ 5.75 Cows and Heifers— Good to choice hellers 7 65@ 800 Medium heifers 7 oo@ 7.50 Common to medium lie;f*-rs . 5 Ss@ ft 8,7 Good to choice cows 6UO@ ft 75 Fair to medium cows 4 o*>@ 5.50 Canners 2.50® 3 75 Cutters 2:50® 3.75 —Bull*— Fancy butcher hulls 5.30%; ft/*) Good to choice butcher bulls. 5 0"® 5.75 , Bolognn bulls 3.75(4 450 X.lgiit bologna hulls 3.50@ 4 (St Light common bulls 3.25@ 3.5 > —Calve*— Choice veals lo.otwff 11 no' Good veals 9.50@10(>0 Medium veals s no® <i.so . * ouimon to heavyweight veals 7 506; Me Lightweight veals 6.50@ 7.j0! —Stockers and Feeder*— Good to choice steers under 800 lbs 5 750 7.00 1 Medium cows 2 50w 4 00 I Good cows 3 25;<t 425 Good heifers 5.7'@ ft 75 Medium to good heifers .... 4 50® 5.75 ■ —Mierp and launh*— Cull ewes ... 2 iXl@ 2.50 Good to choice ewes 3 so@' 5.50 ! Bucks 2.t*i@ 3 On j Clipped lambs 9 iMHqil/Hi Wool lambs 11.00@T3 00 j Spingers 13 ■*! vi Hi 5o Buck lambs ft oo@ ft is* Culls 3 000 4.0 c!

Other Livestock

CHICAGO. May 16 - It..gs - Receipts, |2l.'s*o; market steady to b>c higher; bulk of 'sales. $10.45® It) 0t; tp. $11: heavies. $10.50® 10 75 : mediums. sl<* 70® 10 95; lights, $10.90® 11; light lights, sloso® 10. 85; heavy packing sows, smooth $9 50 ® 10; packing sons, rough. $9.25®965: pigs. slo® 10.00 Cattle -Receipts. PI.OMI ; market steady generally. Beef steers choice and prime, ss,s(*®9 15; medium and good, $7.5008.50; good and choice. $8 15® 9,lo: comm,in and medium. s7®. 8.15. Butc her cattle- Heifers. $5 75®V40; cows. $4 75® 7.15; bulls, $1 sb®6 35. Can ners and cutters -Cows and heifers, $3 75 @7.75; can tier steers, $4.75® 5.75; veal calves, light and handy weight. sß® 10.25; feeder steers, $6 25® 7 85; starker steers. $6®7.75; stoeker cows and heifers, $4 25® 0,25, Sheef and lambs —Receipts, 13.000; market steady to 25c lower: good to choice lambs. $10.75® 1,3 10; cull and common lambs. s7® 10.50: springers. $13.50® 15.25; yearlings, $8.50® 11; cull and common ewes, $2®4.75. CINCINNATI. May 10,—Hogs—Receipt*. 3,200; market, strong to UK- high or; all grades good hogs. $11: pigs. $10.50: roughs, $9; stags, $5 50® 5 75. Cattle - Receipts, 400; market, strong; bulls, strong; calves, $lO. Sheep and lambs — Receipts, 40), market, steady; ewes, $3.50 ®7; choice lambs, sl6; seconds, $10®11; culls, S7OO. EAST ST. LOT'TS, May tfl.- Hogs— Receipts, 10,500; market, steady; mixed and butchers. $10.85®10 95; good heavies $10.8(1® 19.95 ; roughs, $9.10® 025 • lights slo.Bo® 10.95; pigs. slo® 10,75; bulk of sales, slo.Bo® 10.90. Cattle—Receipts, 6,0*1 ■ market, steady; native beef steers. $8 7509; yearling steers and heifers, $8.50 ®9; cows, $500.75; Stockers and feeders, $4.50®7.25; calves, $3.25(0.41,75; ontmers and cutters, $3.7504.75. Sheep and lambs Receipts, 2.500: market, lower; mutton ewes, $405.75; good to choice lambs. sll @•13; ealiners and choppers, $1®2.50. IMTTSBURGII. May Ft.—Hogs -Re cel pis. 500; market. 5 to 15 cents higher; prime heavies. $10.90® 11 ; mediums. $11.30 fa 11.40; heavy Yorkers, $11.30® 11.40: light Y'orkers. $11,35® 11.40; pigs, $11.50 down; roughs, SS®S.7S; stags, $5®5.25; heavy mixed, $11.15® 11.25. Cattle—Receipts, 50; market, steady; choice, $7.75® 9.25; prime, sß.oo® 9 ; good, $8®.8.50 ; tidy butchers, $7.50®8 25; fair, $0.50® 7.25; common. $5®6.50; common to good fat bulls. $3®0.50; common to good fat cows, $3.50® 6.50; heifers, $5.50® 7.50; fresli cows and springers, $35@75: veal calves, $10; heavy and thin calves. st@7. Sheep and Lambs—Receipts, 1.000; market, steady; prime wethers, $808.30; good mixed. $707.25; fair mixed, ss®6; culls and commons, s2®4: choice lambs, sl2® 12.50; springers, sl2@lo. INDIANAPOLIS PRODUCE. Eggs—Fresh, 22023 c. Butter—Parktng stock, 15c. Poultry—Fowls, 18@23c; broilers, 1*402 lb 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,lool7c: geese, 10 lbs and up, 14c; squabs. 11 lbs to dozen, $5.5000; old guineas, per dozen $3 Butter—Local dealers ate paying 35® 86c per lb for butter delivered In Indianapolis Butterfat —Local dealers are paying 35c per lb for butterfat delivered in Indi- i anapolis. CHICAGO PRODUCE. CHICAGO, May 16. — Butter—Receipts. 12,700 tubs; creamery extras. 34c; firsts, SOVifSpSWe; packing stock, 18@19e. Eggs —Receipts. 37.500 cases; current receipts. 24®24V4c; ordinary firsts. 22*40 23c; firsts, 249i@25*4c; checks, 20Vifii21c; dirties, 21V£@22c. Cheese—Twins (new), 16Vi@16%c: daisies. 15%@16c; Young America. 17c: longhorns, 16Vi@il0%e; brick, 15®jc. Live poultry.—Turkeys, 25c; ehlekms, 26c; springers, 4')®4Bo’; roosters. 14Vic; geese, 14c; ducks, 22®.",5c. NF.YV YORK TURPENTINE. NEW Y’ORK, May 10.—Turpentine sold at Ole per gallon in trade on the market here today. I

Local Stock Exchange

—May 16— STOCKb; Bid. * Ask. Ind. Ry. & Light com 67 Ind. lty. & Light pfd 78 Indpls. St. Ky 50 Indpls. N. W. pfd 80 Indpis. & S. E. pfd 60 T. H., T. & I. pfd 71 T. H., I. & E. com C T. H.. I. & E. pfd 16 U. T. of Ind. com 1 C. T. of Ind. Ist pfd 4% 8% li. T. of Ind. 2d pfd 2 Advance-Itumely pfd Advance-Kumely com 10% ... Am. Central Life 200 ... Am. Creosotiug pfd 94 ... Belt It. It. pfd 50 Belt It. It. com 60 Century Bldg. Cos. pld 03% ... Citizens Gas Cos 20% ... City Service com 230 235 City Service Cos. pfd 64 69 Dodge .Mfg. pfd 86 91 Home Brewing 48 Ind. Hotel com 89% ... Ind. Hotel Cos. pfd 99 Ind. Nat. Life Ins. Cos 2 Ind. Title Guarantee 71 Ind. Ripe Line 97 indpls. Abattoir pfd 45 Indpls. Gas 44 Indpis. Tel. pfd 90 Indpls. Tel. com 5 -Mer. Rub. Util, pfd 48 „.. Nat. Motor Car Cos 1% 4 Rub. Savings Ins. Cos 5% ... Kauh Fert. pfd 47% ... Stand. Oil of Indiana 105 Sterling Fire ins Cos 7% 8 Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd 97 166 Van Camp Rrod. 2d pfd Vandaiia Coal Cos. com 1 ... Vaudalia Cotjl Cos. pfd 7% 12(4 Wabash Ky. pfd 31 34 Wabash Ky. com m BONDS. Broad Hippie 5s 59 64 Citizens St. Ry. 5s 79 Indian Creek Coal A Mine 0s ... 100 Ind. Coke A Gas 6s 86 Indpis. C. A S fts 91% ... indpls. A Martinsville 55.... 55 Indpls. A North. 5s 40 43% indpls. St. lty 4s 0 G 4 Indpls. AN. IV. fts 51% 55% Indpls. AS.E. 5s * 45 Indpls. Shelby. A S. E. 5s 70 75 T H.. I. A E. 5s 63 citizens Gas 5s 85 90 Indpls. Gas 5s 85 90 Kokomo, M. A W. Gs 87 90 Ind. Hotel Cos. fts 99 Indpls. Water 5s 9ft 100 Indpls. Water 4%s 81 Indpls. T. A T. fts SO Indpls. L. A H. 5s 90 93 U T. of Ind. fts 52 Mer. H. A L. 5* 99 99% New Tel. L. D. 5s 97 New Tel. Ist (is 97 South. Ind. Rower fts 87 92

Local Curb Market

(By Newton Todd.) —May 10— Bid. Ask. \ Am. Hominy Cos 10 16 | Central and Coast Oil 94 ... Choate <d! Corp % % Commonwealth Fin. com. ... 28 38 Commonwealth Fin. pfd. ... 48 58 Columbian Fire I s. Cos 6 7% Davti-n Rubber Units 41 50 Dictograph Rrod pfd 28 38 D. w Griffith 3% 6% Elgin Motor Car 2 3% ' Fed Fin. Cos. pfd 78 88 . Fed. Flu. Cos. com 121 131 I Gt. Sou. Rrod. A Ref 6% 9 ' Jntcrsta'e Rub. Serv. pfd. ... 81 91 Metro. 5-10 c Store com 3% 7 ; Metro. 5-10 c Stores pfd 18 27 Nat. Underwriting 2% 5 ; Rauch A Lang Units 2! 31 1 It 'id in- Bod v Units 14 22 Rub-Tex Units 10% 16 U. S. Auto Units 30 40 ; I S. Mtg Cos. Units 102 122 1 BANK STOCKS. t Commercial Nat l Bank .... 74 83 i ("out Nat. Bank KH 114 ! Ind. Trust Cos 170 Ind. Nut Bank 253 265 Mer Nat. Bank 282 Nat'! City Bank 72 88 Security Trust Cos 131 140 State Savings A Trust 94 99 Union Trust Cos. .. ....... 30(1 ... Wash. Bank A Trust Cos. .. 150 CLEVELAND PRODUCE. CLEVELAND, May l‘V—Butter— Extra, \ 4'• ;q40%•": prints. 41@41%* - ; firsts, 39@ 39 %o; packing stocks. 10@!So. Eggs—j Fresh, 29%c; Ohio firsts 25%c; Western firsts. 25'. Oleo nut. 21@22e; high grade animal oils, 22'ii22%c; lower grades. ltl@ 17c. Poultry—Live, heavy fowls, 2ft@27e ; j roosters, Ift@l7c; broilers, 40055 c. WHOLESALE BEEF TRICES. The following ire today's wholesale prices fer beef cuts as sold on the In- ' dim spoils markets of Swift A- Cos.: Ribs No 2,18 c; No 3. lie. Loins —No. 2, i 24c; No. 3. tsc. Round —No. 2. 15c: No. ! 3,14 c. Chucks—No. 2. lie; No. 3,9 c. , Plates—No. 2. 7c; No. 3,6 c.

WORLD’S LOWEST PRICED FULLY EQUIPPED AUTOMOBILE O. B. jgj R) *f. o. B. Flint, Mich. Flint, Mich. TOURING. ROADSTER AND LIGHT DELIVERY. ELECTRIC LIGHTS AND STARTER, .DEMOUNTABLE RIMS, SPEEDOMETER, VALVE-IN-HEAD MOTOR, OIL PUMP AND WATER PUMP ON MOTOR. Two-passenger Coupe, $720. Four-passenger Coupe, SSSO. Cord Tires, Velour Upholstering, Auto Window Lifters. Gas Tank in rear, Dome Light, Speedometer, full equipment. JONES WHITAKER SALES CO. CAPITOL AND VERMONT MAin 5646-5647 AUTHORIZED AGENTS McLean Place Garage, 23 McLean Place. J. G. Gold, Beech Grove. Hill Top Garage, 1619 Howard Street. R. R. Crigler, Castleton. H. L. Jenkins Sales Cos., 223 Virginia Avenue. Bethel Avenue Garage, 2222 Bethel Avenue.

Weather

The following table shows the state of the weather at 7 a. m., May 10, as observed by U. S. Weather Bureaus: Station. Bar. Temp. Weather Indianivpolls, Ind... 30.04 60 Cloudy Atlanta, Ga 29.92 62 Rain Amarillo, Tex 30.12 48 Rain Bismarck, N. D. .. 30.04 48 Cloudy Boston, Mass 30.10 54 Clear Chicago, 111 30.00 58 Clear Cincinnati, 0 30.02 58 Clear Cleveland, 0 30.06 58 RtCldy Denver, Colo 30.10 38 Clear Dodge City, Kas.. 30.12 48 Clear Helena, Mont 29.08 58 Cloudy Jacksonville, Fla... 29.92 • 74 Cloudy Kansas City, M 0... 30.00 54. Clear Louisville, Ky 80.02 62 (Tear Little lloek, Ark... 30.04 60 Clear Los Angeles, Cal. . 30.02 56 Cloudy Mobile, Ala 29.90 66 Clear New Orleans, La.. 20.92 68 Cloudy New York, N. Y... 30.02 04 RtCldy Norfolk, Va 80.04 66 (Tear Oklahoma City 30.08 56 Cloudy Omaha, Neb 29.98 52 RtCldy Philadelphia, Fa 30.06 68 Cloudy Pittsburgh, Ra 30.00 54 Clear Portland, Ore 30.14 60 Clear Rapid City. S. D.. 30.12 40 Clear Roseburg. Ore 30.16 50 Clear San Antonio, Tex... 30.04 5.8 Clear San Francisco, Cal.. 30.00 52 Cloudy St. Louis, Mo 30.00 5s Cloudy St. Paul, Minn 29.94 54 Cloudy Tamna. Fla 29.90 7ft RtCldy Washington, D. C.. 30.04. (U Clear WEATHER, CONDITIONS. Light showers have occurred In areas from tlie. middle and nohthern Plains States over the middle Mississippi Valley, and in the middle Gulf States. Elsewhere, except in a few places, the weather has been generally fair. It Is considerably warmer over Jlie far northwest, but a little cooler In the middle and west Gulf sections, while elsewhere the temperatures have been d<*elded over targe areas. Some frosts were reported again last night in the middle Rocky Mountain region, but from the Mississippi River States eastward moderate temperatures prevail. J. H. ARMIN'!.TON. 1 Meteorologist. Weather Bureau. CORN AND WHEAT BULLETIN. For the twenty-four hours ending at 7 a. in., Tuesday. May 10. 1922: Lemper - 1 ature s T \ 1 " Stations of -I - Indlnnupolia -s' District. fi ■ £= ? = “!®!r-' c i ! **- fa ►. I-J25 ' 1 Ov J3 South Bend .... lift 50 , o.2ft Good * Angola !71 48 007 i Good Ft. Wayne 70 52 Ot'l Wheat field 62 ! 45 j 0 Good Royal Center ..' fts 4ft i 0 Good Marion 72 47 i 0 j Good Lafayette j 69 53 j 0 1 Good Farmland : 72 ! 47 ; 0.03 1 Good Indianapolis ;72 55 1 0; Good Cambridge City.) 72 !4S ! 0 Good Terre Haute !72 i sft j 0 j Bloomington . 7ft 51 j 0 [ Good Columbus 576i 49 j 0 j Good Vincennes !771 55 | 6 ! Good Raoli 75 51 0 Good Evansville 7*5 fto ! 0 j7~hTTiTmi ngton. Meteorologist, Weather Bureau. Wife Deserter Is Caught Down South Indianapolis authorities have received notice that James A. Carey, under indictment here on the charge of wife and child desertion, has been apprehended in New Orleans. At the time Carey deserted liis family, it Is said, a subscription was taken to provide them with food and clothing. A second subscription also was started to raise enough money to bring Carey to Indianapolis from wherever to- might be apprehended. Joseph Markov, former Judge of Criminal ("curt ami local attorney has said he will donate his legal services In securing Carey's conviction. Would Quash Murder Charge Against Wife Special to The Times. SHEEBYVILLE. May Ift Counsel for Mrs. (Tara Carl, who is scheduled to go ; to trial on the Circuit Court here next Monday on a charge of the murder of her ! second husband. Frank Carl, by the al- , leged aijuilnis:ration of arsenic, today! filed a motion before Judge Alonzo Blair' asking that the Indictment be quashed I on technical grounds. The court has not ruled on the motion. 1 but Indicated that argument will be | heard probably the last part iff the week.

Unlisted Stocks \newton See Local Curb Market. 415 Lemcke Bldg. \ TODD

I BUY and SELL

MAY 16,1922.

COTTON KINGS SEE STIMULUS FOR INDUSTRY European Recovery Will Aid Production of South’s Staple. WASHINGTON, May 16.—Kings of the cotton industry see In Europe’s trial recovery larger demands which provide a healthy stimulus to production of the South’s great staple. Government experts sent abroad to study the cotton situation are optimistic In their reports. Greater demand for cotton to supply mills fn France, CzecboMovakia, Great Britain and Toland Is predicted by these experts. Advance in the cotton industry in France and Czecho-Slovakla is emphasized particularly in reports to Washington. Most of the cotton spindles in France are busy. In the last six months French cotton mills have cousumesd nearly t'OIt.OOO bales of cotton, or about 75 per ent increase in capacity over the preceding six month’s period. France now has about 3.000.00 spindles, or about 500,000 less than before the war. Mills destroyed during the war have not been rebuilt, but plans are being made to reconstruct such enterprises. It Is now estimated that only 5 per cent of the looms in France are idle. Rractieally all of the cotton used by France is of American origin. Her imports from Egypt and India are comparatively small. American exporters, it Is said, are contemplating a heavier movement of cotton in the coming months. At the end of the Czecho-Slovakian fiscal year, April 1. that country had consumed 350,000 bales of cotton, or more than double the amount consumed in the preceding year. Further estimates are that between April and August, this year, Czechoslovakia will consume 117.000 bales. Improvement 1n exchange conditions Male nf (lit* large cotton-consuming tries forecast larger cotton demand supply mills capable of increasing their output of cotton manufactures. The Government Is continuing its policy of aiding American cotton producers and exporters in the export plans. The War Finance Corporation Is now making liberal loans to aid in this financing, where other means are lacking. ASK REVISION OF PASSPORT LAWS IN CHINA Charges Are Too High, Is Statement of Consul. SHANGHAI. May 16.—A request for ' the revision of the American passport regulations has been made to the State Department through Consul General E. S. Cunningham by the American Chamber of Commerce. The present American regulations provide that if a passport has expired and it is desired to renew it, application must be aoompanied by slo—gold. Approximately ninety days Is necessary to forward the application to Washington and obtain renewal of the passport. In the meantime, if the applicant desires to trav*d on business trips in the Far it becomes necessary for him to tin emergency passport from the local consulate. This also costs $lO. In Its letter the chamber points out that local British residents may obtain pasports from their Consul General for s2—gold—such pasports being valid for two years and renewable for four further 1 eriods of two years each upon payment of a fee equivalent to fifty cents — gold. The Chamber asks that similar provisions be made by the United States.