Indianapolis Times, Volume 35, Number 5, Indianapolis, Marion County, 17 May 1922 — Page 12

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MARKETTONE IMPROVED IN PRICE RANGES I Special Conditions Causing Gains or Losses Above Average. MILD EFFECT OF STEELS Special to Indiana Daily Time* and Philadelphia Public Ledger. BY MONITOR. NEW YORK, May 17.—The stock market furnished something .of an Improvement In tone Tuesday, compared with that of the day before, bnt price changes were irregular and narrow, with the exception of a few stocks that were influenced by special conditions, causing gains or losses above the average. The announcement of the terms of the Beth-lehem-Lackawanna merger had lut a mild effect on the steel shares. The news, although encouraging, had been largely discounted. Lackawanna, which was a distinct beneficiary, closed at a slight less after selling above 81. The equipments were steady, but moved within a restricted range. The strongest group of the lot was the coppers. Prices for the red metl are hardening, and supplies are getting low. Predictions of la-cent copper are confidently made, and few probably would be surprised to see 18 cents before the end of the summer. American Smelting and Refining. Kenneeott, (Jerre De Pasco and Utah, as well as other copper shares, displayed strength. There was little doing in the oils, and the nnsettled outlook for rate and wage decisions is bolding the rails In check. A few specialties ran up sharply. Among these were Federal Smelting and Refining common and preferred; Computing, Tabulating and Recording. United Retail Stores and American Cotton Oil preferred. The motors had quite a burst of activity, with Studebaker and Maxwell Motors among the leaders. Keystone Tire also made a substantial recovery and Mack Truck gained two points. Cotton made another new hlgu isvel. Sales were large in Liverpool, and a ravenous spot demand was reported from the South at a higher basis.—Copyright, 1922, by Putlic Ledger Company.

WALL STREET GOSSIP MY MONITOR. NEW YORK. May 17.—Although steel stocks reacted a bit yesterday, especially the Bethlehem and Lackawanna issues, the Street is still filled with rumors concerning steel merger plans. The purchasce price agreed to be paid by Bethlehem is an aggregate par amount of its 7 per cent preferred stock and class "B" common stock equal to the par amount of the stock of Lackawanna outstanding. $35,106,500, consisting of 40 per cent in the seven percent preferred stock and 60 per cent in the class ”B’’ common stock of Bethlehem, with an option in Bethlehem to reduce the par amount of the preferred stock and increase the par amount of the class “B” common stock to be delivered by $1,543,400 upon payment of approximately $300,000 in cash. Bethlehem is also to assume the debts and obligations of Lackawanna. Lackawanna Steel stockholders met Tuesday and approved the purchase by Bethlehem Steel of all its properties and assets. There were no developments of importance in the ‘ eii-company merger plan, although officials of the companies concerned met in conference at the offices of Kuhn, Loeb & Cos. Steel men who were approached after the meeting said that no statement would be ready at this time, and it 13 probable that this merger is not much nearer settlement that it was last week when news of the withdrawal of Lackawanna was received. One report, which was put out on some wires here and which gained considerable credence in the late afternoon, was to the effect that the leaders of the “sixcompany’ merger plan were to make advances to the Bethlehem-Lackuwanna Interests with an idea of forming an independent merger consisting of Bethle.i m, Lackawanna, Inland, Youngstown bheet <e Tube, Midvale, Steel & Tube of America, Republic and Brier Hill. It i> also understood that this merger would accept leadership of Charles Schwab and Eugene Grace. TcLacco stocks, especially American Tobacco and P. Lorillard, were fairly firm. These two stocks have been selling on a very h.gh yield basis, although both companies are in a strong financial position and business is good enough at least to Justify the belief that the dividend is safe. Deflation of cigarette prices has made large inroads on the earnings of these companies for the current year, while the total turnover is also slightly smaller. American Ice showed a flash of strength, and closed 4% points higher. Ice was one of the speculative favorites on the movement which carried stocks to present levels, but for the past two or. three weeks has been backing and filling with very little feature In the trading. However, a dividend meeting is due In the near future and this fact has given rise to a recurrence of rumors concerning the possibilities of an extra disbursement It is generally believed that the plan for the exchange of stock of the CubanAmerican Sugar for National Sugar Refining Company is practically ready and will soon be submitted to National Sugar stockholders. It is understood that the letter containing the detailed terms of the transaction is only awaiting final legal approval. Action of the Federal Mining and Smelting Company is Increasing the quarterly dividend from the basis of 1 per cent to 1% per cent is understood to be a direct reflection of the much stronger position of the lead markets, as lead is one of the principal products of this company. Prices have been firm in the metal market, and the heavy volume of building which has been going on throughout the country Is probably making a heavy drain upon jobbers' stocks. Atlantic Coast Line 1921 net income was $1,790,569 after taxes and charges. This is equal to $2.63 per share, as against $11.30 per share In 1920. Consolidated Gas is holding firm and scored a further advance of 1% points In late trading. Recent rare decisions have; been very favorable to this company, and the market is looking for some action which will permit stockholders to share in a distribution of surplus assets of the rr mi any .—Copyright, 1922, by Public Ledger Company.

American Beauty of Future Visualized LONDON, May U.—“ She will hare brown with glints of bronze and copper In it—chestnut brown. Her eyes will be hazel, merry eyes with tints rs the same warm brown. Her complexion will be neither fair nor olive, yet a little of both, and it will carry its own crimson or scarlet high lights of health .Her figure will be almost boyish, lithe, wHlowy. athletic by reason of exercise in the great outdoors she so loves. “That la how I visualize the American Beauty of the future," says E. O. Hoppe, the artist-photographer. "At present there Is not. In my opinion. any ideal type of American girl. But the type Is In process of evolution. It may take another two years to establish it firmly. Then the ts'pe will tie ns I have described.” WIFE WAITS SEVEN YEARS. NORWOOD, England. May 17.—Mrs. Elizabeth Hartner waited seven years to bear from her husband, and then advertised she would consider him dead. He disappeared In 1915.

IV. f. Stock Exchange (By Thomson & McKinnon.) —May 17 — Prev. High. Low. Close. Close. Adv.-Rum. com. 18 17% 18 Ajax Rubber... 17% 17% 17% 17 Allied Chem... 68 66% 67% 66% Allis-Chalmers. 49 48% 49 48 Am. Beet Sugar. 41 41 41 40% Am. Bosch Mag. 45 45 45 44% Am. Can 48% 47% 47% 47% Am. Car A Fdy.l6o 160 100 159 Aran, ice ,108% 107% 107% 100% Am. H. &L. pf. 70% 70% 70% 70 Am. lnternatl... 47% 44% 47 44% Am. Loco 114% 114% 114% 114 Am. Steel Fdv. 3S 38 38 38 Am. Smt. &. Kef. 04% 61 64% 00% Am. Sugar Ref. 75% 75 75% 74% Am. Sum. Tob.. 36% 34% 35% 34 Am. Tel. & Tel. 122% 121% 122% 121% Am. Tobacco... 141% 139 140% 138% Am. Woolen 92 00% 91 vs lie / Anaconda 55 54% 54% 55% Atchison 99 99% 90% 99% At. Coast Line.. 102% 101% 101% 102% At. Cuif A W. 1. 37 30 37 86% Austin Nichols.. 24% 24% 24% 24% Baldwin Lbco ..117% 110% 117 116% B. & 0 47 46 40% 40 Bethlehem S. (B) 78 70% 77% 77% brook. R. Trans. 25% 24% 25% 25 Cal. Pete 57% 56% 57 55% Can. Pac. Ity.. .140% 139140% 139 vs Central Leather. 39 39% 39 38 Chandler M 75 73% 74% 73% ! C. it 0 05 00 65 ! C M & St P com 26 23 20 25 iCM& St P pfd 43 41% 43 42 j Chi & North 75 74% 75 74% 0 K I & Pac... 44 42 % 44 42% C R I & P 7pct p 95% Chili Copper ... 21% 20% 21% 20% ! Comp. & Tab 68% 07% 68 06% ■Chino Copper... 30% 30 30 % 29% Columbia Gas... 87% 87% 87% 87% I Coca Cola 59 57 % 58% 57 Col. F. & Iron.. 35 34 % 35 34% ■ Consol. Gas 118% 117% 117% 117% ! Contln. Can 06 64% 65% ! Corn Products.lol% 100% 101% 99% ! Crucible Steel.. 73% 72% *3% 71% ■ Cub. Am. Sugar 22% 22 22% 21% I Cub. Cane Bug.. 15% 15% 15% 15% ; Dome Mines.... 28% 28 28 27% Erie 13% 13% 13% 13% Erie Ist pfd 21% 21V* 21% 21% ! Endlcott Ac J.... 84% 83% 84V* 82% ; Famous Players 52% 80% 81% 80% i Fisk Rub. C 0... 18 18 78 18 Gen. Asphalt.... 62 60% 61% 60% Gen. Cigar* 73% 73% 73% 73 i Gen. Electric ...165% 103 165% 103 jGcn. Motor* 13% 12% 12% 12% : Goodrich 40‘ 40% 40% 40 Gt. Nor. pfd 75% 74% 75 7+ Gt. Nor. 0re.... 41% 40% 41 40% G. S. Steel 85 83% 83% 84 Hupp Motor*.. 21% 20% 20% 20% Houston Oil 79% 78 78% 77% I lu.imis Central .103% 103 103% 103 1 Indlahoma 4% 4. 4% 4% i Inspl. Copper... 42% 41% 42% 41% i Inter. Harvest..lo4% 98% 104 99% ! Inter. Nickel.... 18% 17% 17% 17% I Inter. Paper 51% 49% 50% 49% ! Invin. Oil 18% 17% 18% 18% [Keystone Tire.. 21%. 21% 21%, 21% tv-.-held Tire.... 51 50 50V* 43% i Kenn. Copper.... 38% 37 38% 35% Lack Steel. 79% 78% 78% 78% Lee Tire 33% 33% 33% 32% Lima Loco 108% 108 108% Lehigh Valley .03 62 % 63 61% Loews, Inc. ... 16 16 16 16 Martin Parry .. 31% 30% 31% 29% Marine com. 24 23 23 % 22% May Stores 110% 116 110% H 0 Mexican Petro. .133% 129% 131% 129% Miami Copper . 29% 29% 29% 29% Middle States O. 15 14% 14% 14% Mid. Steel 45% 39% 4 4 39% M. Pac. Ry. ... 23 22 % 23 22% M. Pac. Ry. pfd. 56% 65% 56% 55% Mont. & \Y. .. 22% 21% 22V* 21% National Lead . 90% 93% 94% 93 Nevada Con. C.. 18% 17% I*% 17% X. Y. Air B. . 77 75 77 X. Y. Central... 90 88% 90 88% New Haven 30 28% 29VJ 28% Norfolk Ac W.. .106% 105% 100% North. Pacific.. 75% 74% 74% 75% Owen Bottle 36% 36% 36% Pro. A Resin... 40% 38% 39 38 Pacific Oil 65% 64 % 65% 04 Pan Am. Petrol. 63 62% <l3 <21% Pena. Ky 40% 4<*% 40% 40% People's Gas.... 86 85% S6 86% Pen* Marquette 31*2 30% 30% 31 Pierce Arrow... 18% IT 1 * 18 18 Pierce Oil C 0... 10% 9% 10 10% Pull. Pal. Car... 123 121 123 120% Pure <4ll 32% 32% 32% 32 % Ry. Steel Spgs. .100% 100% 100% ..... Reading 79% 77’:, 78% 77% Rep. Iron & Stl. 74 09 % 71% 69% K piosrle Stel... 57% 34% 37% 34% Roy. D. of X. Y. 63% 61% 62% 61V Sears Roebuck.. 75% 74 75 i3 Sinclair 33% 31% 32% 31% Sloss-Shef S& I 52% 50 52% 50% Southern Pac.. 91% 90% 90% 90% Southern Bv .. 24% 23% 24% 23% St. L&S WRy 29% 28% 29% 28% R Oil of Cal.. 114% 112% 113% 114 S Oil of X .T .137% 187% 187% 187 I St L& S F com 29% 29% 29% 29% J Stewart & \V. . 40% 40% 40% 40 Stromberg Cnrb 53 52 % 53 52% Studebaker ....121 11*% 120'.* 118% Tex Gas & Sul 47 46 46% 45% Tex Coal & 011 29% 28% 29% 28% Texas Cos 48 47 47% 47% Tex & Pac 33 32 % 32% 32 Tob Products... 71% 69% 69V* 70% Trans Oil 17% I<V% 10% 10% Union Oil 22% 21% 21% 21% Union Pacific ..138 130% 138 137 United Drug .. SO 72% 78% 72% United Fruit . 143% 140 143% 140 r. S. Retail 05 63% 3% •% U. S. Cast Iren 36 34% 35% 33% U. S. Ind. A1... 53% 51 % 52% 51% U. S. Rubber... 04% 63% 04% 62% U. S. Smelting. 44 42 43 s 41% r. S. Steel 99% 98% 98% 98% Utah Copper ... 07% 66 67 06 Vanadium Steel 51 49% 50% 49% : Wabash 10% 10% 10% 10% Wabash Ist pfd. 31 30% 30% 300/ West. Pac 21 2t 21 West. Union ... 97% 97% 97% 97 West. Elec 63 62 63 62 White Mot 49 48 49 47% Wlllys-Overland 8 7% 8 7% White Oil 10% 10 10 10 j

NEW YORK LIBERTY BONDS. —May 17— Prcv. High. Low. Close, close. L D. 3'J.s !*). 10 00.30 09.512 99.24 LB Ist* Is 00.70 90.70 L. B. 2d 4s 99.60 99.26 L. B. Ist 4s 99.90 90.70 99.76 99. SO L B 2d 4%s 99.64 99..72 99.58 99.58 L B. 3d 4%8 99.92 00 SS 99.90 99.92 L B 4th 41,45.... 99.92 99*6 99.0 99*6 Victorv 3%s 100.02 100.02 Victory 4“is 100.70 100.61 100.68 10<i,62 CHICAGO STOCKS. (By Thomson & McKinnon.) —May 17Open. High. Low. Close. Am. Ship 73 A. & Cos. pf(l. . 1*6% 96*6 90% 96% Armour Leather 12% C. Kiev. R. pfd. 7 Com. Edison ..130% ¥ Continental M. . S% 8% 8 8% Deere A- Cos. pfd. 76% 77 76% 77 Earl Motors ... 3% 3% 3% 3% Llbbv-MeNell .. 2% 32% 2% Mont. Ward ... 21% 22% 21% 22 Nat. L.. New... 8% Pick & Cos. ... 27 27 26% 26% Plggly W. “A” . 44% 43 43% 44 Quaker On<s ... 93 Reo Motor 24 Stewart-War. .. 40% 41 40% 49% Swift & Cos 102% 102% 102% 102% Swift Inti 20% 20% 20% 20% Thump. (J. R.) 48 Tem. Com A. . 2% 2% 2% 2% l . C & Carbon 38% 58% 57% 57% Wahl 61% 63 61% 63 Wr'.gley 102% 102 102% 103 Yellow Taxi .. 72 73% 72 73% NEW TORK HIDES. NEW YORK, May 17.—Hides were steady In trading on the exchange ‘orlay, native steer hides being quoted at 13%0 and branded steer hides at 13c per pound. NEW YORK METAL MARKET. NEW YORK, Mny it.—Copper—Steady; all positions 12%c. Lead—Firm; nil positions 5.5T;(g5.60c. Spelter--Steady; spot and May, 5.10 c bid; June, 5.10®3.1.3c. STANDARD OIL OF INDIANA. 'ulei. 12,000 shares. Own 103%; high, 107; low, 104%; close. 10%. TEUTON DOCTORS SHREWD. BERLIN. May 17. —German physicians called to attend forolgn travelers compel their patients to pay in the currency of the country from which they come. Thus they get larger feoa. KILLED IN MOTHER'S ARMS. LITTLE ROCK, Ark . May 17.—A falling tree killed 20-months old John Tyrrell while he was In his mother's arms. Mrs. Tyrrell was badly hurt, but will recover. FAMILIES EAT WOMEN. RI.GA. May 17. —Two women who died in the same house In the Russian village of Lichvln wot* eaten by their starving families.

STOCKS MAINTAIN IRREGULAR TONE U. S. and Crucible Steels Suffer Declines in Final Hour. NEW YORK, May 17.—The stock market closed' irregular today. Many of the leading Issues reacted about 1 point in the late dealings. United States Steel fell from 99% to 98%, and Republic Steel from 73% to 71%. Midvale Steel showed a gain of 6% points at 45%. Studebaker reacted over 1 point, and Mexican Petroleum yielded 1% points. Reading fell from 79% to 78%. Replogle Steel was in demand, advancing 2% points to 37. Sinclair Oil rose nearly 2 points to 33%. 1 Governmeut bonds were unchanged and i railway and other bonds irrogular. Stock sales for the day totaled 1,625,800 shares; bonds, $17,541,000. (By Thomson & McKinnon.) —May 17— Among the very Interesting news items recently are the announcements of j two gathering* to meet at the White House. Railroad presidents are to be guests of one party, and the captains of I the steel industries of the other, j We may safely assume that the result i of these conferences will not be harm- ! ful to business, even though we hnve not i been advised officially on the subject of discussion. I There is a well defined sentiment in favor of a reduction in freight rates. Tem- ' porarily, such action will be bearish on railroad stocks unless there Is immediate i compensation by a reduction of operating ' expenses, but In the end It will be beneI tidal to all, Including the roads. | In Europe, there has been no change worthy of note. | Here, all Is satisfactory. Progress is being made in every direction, and it 1s ! only a question of a short time until we should see the effect of expanding : business In a resumption by many corn- ; panics of dividend payments, which will be a source of stimulation Just as the gassing of dividends was a cause of maret depression. 1 We must, however, not lose sight of the | fact that the public Interest has reached ! large proportions, and, because of this, j the progress of the market should be [ watched closely. ~ A technical condition, such as we I have, rarardless of the strong underlying influenefs, (twill result in frequent reactions -and they will be greater In extent as public Interest Increases. . < TWENTY STOCKS AVERAGE. NEW YORK, May 17.—Twenty Industrial stocks Tuesday averaged 92.63, up .55 per cent. Twenty active rails averaged 83.34, off .24 per cent.

Money and Exchange Indianapolis bank clearings Wednesday were $2,8*11,000; bank debits, $j,445,000. NEW YORK. May 17.—The foreign exchange market opened easier today, with demand Sterling 7-16 c lower at $4.44 11-16. Francs were 3% centimes lower to 9.10%e for cables, and to 9.10%c for checks. Lire yielded 4% points to 5.24 c for cables, and to 5.23%c for checks. Belgian francs were off 3% centimes to B.2ftc for- cables, and to 8 28%c for checks, Marks, yielded % of a point to 34%. Guilder cables were 38.82 c; checks, 38.77 c. Sweden kronen cables were 25.54 c; checks, 25.49 c. Norway kronen cables were 18.55 c; checks. 18.50 c. Denmark kronen cables were 21.22 c; check*, 21.27 c. MOTOR SECURITIES. (By Thomson & McKinnon) —May 17. —Closing— Bid Ask Earl Mfbrs 3% 3% Packard com 12% 12% Packard pfd 87 89 Peerless 41% 43 Continental Mot. com 8% 8% Continental Mot. pfd 89 92 Hupp com 21% 21% llupp pfd 99 105 Keo Motor Car 24 24% Elgin Motors 2% 3 Grant Motors % % Ford of Canada 378 385 Nat. Motors 2 4 Federal Truck 21 23 Paige Motors 20 21 Republic Truck 8 8% j

ACTIVE OIL STOCKS. (By Thomson A McKinnon . —May 17— Bid. Ask. Arglo-Arr. Oil 20% 20% Atlantic Lotas 10% 11 Borne-Scrymser 360 380 Buckeye Pipe Line ,97 99 Chesebrough Mfg. Cons 190 200 Continental Oil. Col 110 130 Cosden Oil & Las 5 8 Crescent Pipe Line 33 38 Cumberland Pipe Line 130 145 Elk Basin Pete 9% 9% Eureka Pipe Line 99 102 Gal Signal Oil pfd 108 113 Gal-Stgnal Oil com 56 58 Illinois Pipe Line 187 192 Indiana Pipe Line 98 inn Merritt Oil 13% 11 Midwest Oil 2% 3 Midwest Kfg 210 National Transit 30 31 New York Transit 175 182 Northern Pipe Line 106 109 Ohio Oil 4. .315 322 Oklahoma P. &. R 7 8 Penn-Mex 27 32 Prairie Oil and Gas 605 615 Prairie Pipe Line 4 4% Solar Refining 360 380 Southern Pipe Line 101 list South Penn Oil 210 220 S W Penn Pipe Lines 60 65 S. Oil Cos of Ind 105% 105% S. Oil Cos of Kas 570 580 S. Oil Cos of Ky 82 82% S. Oil Cos of Neb 190 200 S. Oil Cos of N. Y 405 410 S. OH Cos of Ohio 460 4*o Swan & Finch 30 40 Vacuum Oil 415 425 Washington Oil 20 30 NEW YORK CURB. (By Thomson A McKinnon.) May 17— - -Closing Bid. Ask. Acme Packing 52 35 Curtis Aero com 4% 5% t trtis Aero pfd 25 26 Boston & Montana 25 26 Boston A Montana Corp 13-10 1 % Goldfield Con 6 8 Jumbo Extension 3 5 Internal. Petroleum 21% 21% Kirby Oil 10% 11 Nipisslng 5% 6% Standard Motors 4% 5 Salt Creek 18% 18% Tonopnh Extension 1% 1% Tonopali Mining 1 % 1% T'uitod P S now 7% 7% V. S. Light and Heat 1% 1% C. S. Light and Heat pfd.... 1% 1% Wright Martin 2 5 Yukon Gold Mine Cos 1 1% Jerome 3% 3% New Cornelia 18 18% United Verde 28 28% Sequoyah 3 10 Omar Oil 1% 1 1116 Rep. Tire 80 90 NEW YORK SUGARS. NEW YORK. May 17— Raw sugars were firm In trading on the exchange today. Cubas were quoted at 4.04 e per pound, duty paid, and Porto Ricos at 3.80®3.92c ' per pound, duty free, delivered. Refined. Refined sugars were firmer, fine granulated selling at 5.30® 5 s*'O and No. 1 soft at 5.20@ , 5.50c per pound. NEW YORK COFFEE. NEW YORK. May 17.—CofTee values were barely steady on tint market here today, opening options being unchanged to 4 points lower. Rio No. 7 on spot sold at 11011%c per pound. NEW YORK RICE. NEW YORK, May 17.—Rice was firm in trade on the market today, domestic being quoted at 3%®7%c per lb. NEW YORK PETROLEUM. NEW YORK, May 17. —Peroleura prices ruled steady on the market today, Pennsylvania crude maintaining Its longstandin gprice of $3.25 per barrel. NEW YORK WOOL. NEW YORK, May 17.—W00l prices were strong in trading on the maiket I%re today, prices of the past week being well maintained. NEW YORK TURPENTINE. NEW YORK, Mny 17 Turpentine sold at 93c per gallon in trade on the market here today.

INDIANA DAILY TIMES

GRAINS SUSTAIN • LATE DECLINES * Heavy Selling Develops Shortly After Initial Sales. CHICAGO, May 17.—Wheat prices were lower during final dealings on the Chicago Board of Trade today. May wheat was slightly higher at the opening, and other grans lower. Heavy selling developed later and local interests bought on the decline. Large deliveries on May contracts were made. Corn was lower. Buyers of oat* were scarce, and trading was dull.) Provisions closed Irregular. May wheat opened up %e at $1.46% and closed off lc. July wheat openeL off %c at $1.28% and closed off l%e. September wheat opened off %e at $1.21% and closed off lc. May corn opened unchanged at 61%c and eloverseed closed off %e. July corn opened up %c at 05%c and closed off %c. September corn opened off %c at 67%c and closed off %e. May oats opened unchanged at 38%c and closed off %c. July oats opened unchanged at 40%c and closed off %c. September oats opened at 41%c, unchanged, and closed off %c. (By Thomson & McKinnon.) —May 17. Wheat—There were tame cables tsdny. New export fens!ness was moderate today. Local interests covered freely enough yesterday to check speculative short buying. Kansas City reports stocks are decreasing rapidly, probably a million and quarter bushels this week. Russells says the foreign consumption is running at the rate of about fourteen million Dushels weekly, while world shipments are running from seven to ten million. The tone was easy, but no particular decline seems probable, as we view the situation. There was a sale of No. 1 dark northern at $1.73, or five cents higher than yesterday. Corn and oats—A little better weather eased the demand for corn futures, which had the help of strong wheat yesterday. lowa offered corn rather freely here and tha demand was not especially noteworthy. Corn and oats are both too late. Provisions—Hogs were again selling around the top of sll. but trade was inclined to work for easier prices on accouut of the large stocks of lard now showing. No important change In prices Is anticipated. CHICAGO GRAIN TABLE. —Maj 17WIIEAT— Open. High. Low. Close. May 1.40% 147% 1.45% 1.45% July 1.28% 3.28% 1.27 1.27% Sept 1.21% 1.2.’% 1.20% 120% CORN— May 61% .61% .61 .61% July 65% .65% 64% .04% Sept 67V* .67% •*>' -07 OATS— Mn v 3.8% .38% .37% .38% July 46% ,40 r .39% 40 Sept 41% .41 % .41% .41% PORK - •May 22-03 LA R f>— •May 11.40 July.... 11.62 11 62 11 52 11.00 Sept.... 11.85 11.83 11.60 11.60 RIBS—•Mav 1280 •July 11.95 •Sept 11.95 RYE— May 1.11 1.11 1.10% 1.10% July 1.09% 109% 1.09 1.09% Sept 1.01 1.01.. 1.01 1.01% •Nominal. CHICAGO CASH GRAIN. CHICAGO, May 17 r ~Wheat— No. 2 red. $1.40(41146%; No. 2 inlx'ed. $1.43%; No 2 hard winter. $1.45%® 1.40V* ; No. 1 ] northern spring. $1.63; No. 3 northern spring, dark, $1.60%. Corn No. 2 mixed. 62%(565%e; No. 2 white. 62%®62%e; No. 3 yellow, 62%@02%c; No 3 mixed 61% @ol%e; No 3 white, 61%@62c; No. 4 mixed, 60%®-01c; No. 4 yellow. 01c. < bits —No. 1 white, 42c; No. 2 white. 49% @ 44c; No. 3 white, 39%@430; No. 4 white. 39@39%c.

TOLEDO SEED AND GRAIN. TOLEDO, May 17—Cloverseed—Cash, sl3 75: October. $1145. ALsike—Cush. $11.56: August. *1175: October. $11.20. Timothy—Cash, $3.10; May. $3 10; Sep tem her. $3 45; October. #3.25. Wheat - Cash, $1.45%® 1.46% : May. *145%: July. $1.28%. Corn -Cash, 67%®88%r. OatsCash, 44%®40'j<\ Rye—Cash, slll Barley—Cush, 70c. PRIMARY MARKETS. (By Thomson & McKinnon). Receipts Wheat. Corn. Oats St. Joseph .. 23.000 27.000 Chicago 507.000 316.000 283,000 Milwaukee 84.000 112,000 Minneapolis . 338,000 33.000 72.000 Duluth 92.(Km) 42.000 28.000 St. Louis .... 44.000 56.000 78,000 Toledo 4,000 5.000 294.000 Detroit 2.000 4.000 Kansas City.. 158,000 43.000 9.000 Omaha 83.000 H7.(mm> 42.000 Indianapolis . 5.000 18,000 12,000 Totals 1.236.000 709.000 932,000 Year* ago .. 708.000 356,000 100,000 —Shipments— Wheat. Corn. Oats. St. Joseph .. 13.000 49,000 6.000 Chicago 146.000 705,000 361,1KK) Milwaukee .. 3.000 31,000 321.000 Minneapolis . 116.000 68,000 133,000 Duluth 91,000 360,000 220,000 St. Louis 108.000 (13,000 180,000 Toledo 74,000 16.000 12,000 Detroit 4,000 Kansas City.. 235,000 35,000 10.000 Omaha 79:009 157.000 54.000 Indianapolis . 3.000 17,000 20.000 Totals 565.000 1,505.000 1,317.900 Year ago... 580,000 441,000 197,000 —Clearances Wheat. Corn. Oats. New York 104.000 70,000 Baltimore 11,000 Totals 115,000 70,000 Year ago 364.000 86,000 INDIANAPOLIS CASH GRAIN. —May 17Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—Steady: No. 2 red. $1.43®1.43. Corn—Steady: No. 3 white, 66® 67c; No. 4 white, 65®660; No. 3 yellow, 63® 66c; No. 4 yellow. 64®05r; No. 3 mixed, 64%®65%0; No. 4 mixed. 03%®64! lc. Oats—Steady: No. 2 white, 42%@43c; No. 3 white, 41%@42c. Hay—Steady; No. 1 timothy, $19019.50; No. 2 timothy. $18.50(5:19; No. 1 light clover mixed,, $18018.50; No. 1 "lover, $19.50® 20. —lnspections Wheat—No. 2 red. 6 cars; No. S mixed, 1 car; total, 7 cars. Corn—No. 2 white, 1 car; No. 3 white, 2 cars; No. 4 white. 1 car; No. 1 yellow, 1 car; No. 2 yellow, 3 cars; No. 5 yellow. 3 ettra: No. 0 yellow. 1 car: No. 4 mixed, 1 car: No. 5 mixed, 1 cor; No. 6 mixed, 1 car; sample mixod, 1 car; total, 10 cars. Oats—No. 2 white, 1 car; No. 3 white, 6 cars; No. 4 white, 0 cars; No. 3 mixed. 2 cars; total, 15 cars. HAY MARKET. The following are the Indianapolis prices lor hay. oy the wagon load, delivered In Indianapolis: Hay—Looss timothy. $17018; mixed nay, $16017; baled hay. #l7OlB. Oats—New, per bushel, 42045 c. Corn—Both old and new, per bushel. 00 teflfic. 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. 8 red winter. CHICAGO PRODUCE. CHICAGO, May 17.—Butter—Receipts, 11,000 tubs; creamery extras. 35c; standards, 34@34%c; firsts, 31034 c; packing Stock, 18019 c. Eggs—Receipts, 33,000 rases; current receipts, 35%<fi34c; ordinary firsts, 22®22%c; checks72o%® 21c ; dirties, 21 %@22c. Live poultry—Turkeys, 25c; chickens, 25c; springers, 40®48c; roosters, 14c; geese, 14e; ducks, 22c. WHOLESALE BEEF PRICES. The following are today’s wholesale prices for beef cuts as sold on the Indianapolis markets of Swift & Cos .: Ribs —No. 2,18 c; No. 3,14 c. Loins—No. 2, 24c: No. 3,18 c. Round—No. 2. 15c; No. 8,14 c. Chucks—No. 2,11 c; No. 3,9 c. Plates—No. 2,7 c; No. 8,6 c.

Local Stock Exchange —May 17STOCKS. Bid. Ask. Ind. Ry. & Light com 57 Ind. Ry. & Light pfd 78 Indpls. St. Ry 50 ludpls. N. W. pfd 00 Indpls. & S. E. pfd...? 60 T. H., T. & L. pfd.. 71 T. H., I. & E. com 0 T. H„ I. & E. pfd 16 U. T. of Ind. com 1 U. T. of Ind. Ist pfd 5 10 U. T. of Ind. 2d pfd 2 Advance-Rumely pfd .... Advance-Rumely com 17 ... Am. Central Life 200 Am. Creosoting pfd 94 ... Belt R. R. pfd 50 Belt R. R. com 60 62% Century Bldg. Cos. pfd 93% ... Citizens Gas Cos 21 City Service com 230 235 City Service Cos. pfd 64% 67 Dodge Mfg. pfd Home Brewing 4? Ind. Hotel com SB% ... Ind. Hotel Cos. pfd 99 Ind.-Nat. Life Ins. Cos 2 Ind. ’*itle Guarantee 69 Ind. Pipe Line „'7 Indpls. Abattoir pfd., 43 Indpls. Gas 43 Indpls. Tel. pfd 90 Indpls. Tel. com 5 Mer. Pub. Util.-pfd 48 ~.. Nat. Motor Car Cos 1% 4 Pub. Savings Ins. Cos 5% ... Rauh Fert, pfd 47% ... Stand. Oil of Indiana 104 ... Sterling Fire Ins Cos 7 Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd.... 97 100 Van Camp Prod. 2d pfd Vandalia Coal Cos. com 1 Vandalla Coal Cos. pfd 7 12 Wabash Ry. pfd 30 Wabash Ry. com 10 BONDS. Broad Ripple 5s 02 67 Citizens St. Ry. 5s 80 luiitun Creek Coal & Mine 0s ... 100 Ind. Coke & Gas Cs 80 Indpls. C. &S. 5s 91% ... 'ndpls. & Martinsville 55.... 53 Indpls. & North. 5s 40 45 Indpls. St. Ry. 4s 60 65 Indpls. & N. W. 5s 53 *54 Indpls. & S. E. 5s 40 Indpls, Shelbv & S. E. 5s 40 T. H.. I & E. 5s 64 ; Citizens Gas 5s 85 90 Indpls. Gas 5s 83 90 Kokomo, M & W. 5s 87 90 Ind. Hotel Cos. Us 99% ... Indpls. Water 5s 96 100 1 no Pis. Waier 4% 81 Indpls. T. & T. 5s 80 83 Indpls L. & H. 5s 91 93 U. T. of Ind. 0s 53 Mer. 11. & I. 5s 99% 99% New Tel. L. D. 5s 97 New Tel. Ist 6s 97 South. Ind. Power s 87 92 LIBERTY BONDS, Liberty Ist 3%s 99.26 99.32 Liberty let 4%s 99,74 99.N) Liberty 2d 4%s 99.54 99.60 Liberty 3d 4%s 99.84 99.92 Liberty 4th 4%s 99.86 99.'.H1 Victory 4%s 100.00 100-66 Local Curb Market (By Newton Todd.) —May 17Bid. Ask. Central and Coast Oil % ... Choate Oil Corp % % Commonwealth Fin. com. ... 28 38 Commonwealth Fin. pfd. ... 4S 58 Columbian Fire I“s Cos 6 7% Dayton Rubber Units 41 51 Dictograph Prod pfd 2$ 38 D. W. Griffith 3% 0% Elgin Motor Car 2 3% Fed Fin. Cos. pfd 79 89 Fed. Fin. Cos coin 121 131 Gt. Sou Prod. A Kef 0% .% Interstate Pub. Serv. pfo. ... 81 91 Metro, 5-10 c Store com 3 7 Metro. 5 10c Stores pfd.... 10 20 Nat'!. Underwriting 2% 5 Rauch A I-ang Units 26 36 Kibtins Rodv Units 14 22 Rub Tex Units 10% 10 U. S. Auto Unit* 30 40 I’. S. Mtgi. Cos. Units 101 121 BANK STOCKS. Commercial Nat'l Bank 74 83 Cont. Nat’l. Bank 104 ill Ind. TruHt Cos 170 Ind Nat'l Bank 233 263 Mer. Nat'l. Bank 282 .... i Nat’l City Bar 72 88 ! Security Trust Cos 131 140 I Sta’e Savings & Trust 94 99 Union Trust Cos 300 ... Wash. Bank A Trust Cos. .. 150 ...

Weather The following table shows the state of the weather at 7 a, m , May 17, as observed by l'. S. Weather Bureaus : Statton Bar Tetnp. Weather Indianapolis, Ind. . 29.13 60 Cloudy Atlanta. Ga 29.72 - 58 Cloudy Amarillo, Tex...... 29.*4 52 ('leaf Bismarck, N. 1).... 29.54 54 Cloudy Boston, Mass 36 20 56 ('tear Chicago, (11 29.76 58 PtCldy Cincinnati, 0 29.72 64 Cloudy Cleveland. 0 29.80 58 Rain Denver, Colo 29.82 62 Clear Dodge City, Kas. .. 29.74 52 Clear Helena, Mont 29 86 48 Cloudy Jacksonville, Fla. . 29.74 72 Clear Kansas City, Mo.. 29.70 50 Clear Louisville, Ky 20.70 62 Cloudy I.lttle Rock. Ark. . 29.76 56 PtCldy Los Angeles, Cal.. 30 (U 52 Cloudy Mobile, Ala 29.70 68 Cloudy New Orleans, La... 29.74 68 Cloudy New York. N. Y.... 30,10 56 I'tCldy Norfolk. Vo 29 *4 68 Cloudy Oklahoma City ... 29.78 56 Clear Omaha, Neb 29.60 56 PtCldy Philadelphia, I’a... 30.06 58 Cloudy Pittsburgh. Pa. ... 29.86 58 Rain Portland. Ore 30.04 56 Cloudy Rapid City, S. D... 29.62 54 Cloudy Roseburg, Ore 29.98 54 Clenr San Antonio. Tex.. 29.88 58 Clear San Francisco, Cal.. 29 98 50 Cloudy St. Louis, Mo 29.72 58 PtCldv St. Paul, Minn 29.58 52 PtCldv Tampa, Fla 29.78 78 PtCldy Washington, D. C.. 29.92 58 Cloudy WEATHER CONDITIONS. Since Tuesday morning sliov-ers have occurred In many places from the middle Mississippi Valley and Lukes region southward; also In Tevns and In parts of the northwest. In northeastern sections and In the west tlie weather lias been generally fair. It Is considerably warmer In the middle Rockies and middle plains section, but somewhat colder over the far northwest. In eastern districts the temperature changes, as a rule, have not been decided. CORN AND WHEAT BULLETIN. For the twenty-four hours ending at. 7 a. in., Wednesday, May 17, 1922: temper ature. a —3 * 7 Stations of * „ ea- - Indianapolis -e* District g’S S- fi’-Sg f £ £ c SuJa a £■=■<= Si JiiiLiH South Bend !... *2 I 54 | 0.12 Good Angola 72 |54 0.30 Good Ft. Wayne 74 | 54 0 Wheatflold 61 52 0.21 Good Royal Center .. 70 !50 0.06 Good Marlon 75 I 53 0 Good Lafayette 71 | 55 0.09 Good Farmland 76 i 55 0 Good Indianapolis .... 75 | 58 0 Good Cambridge City. 75 54 0 Good Terre Haute .... 72 | 58 | 0.06 Bloomington .... 78 | 53 I 0 J Good Columbus 82 I 56 I 0.06 I Good Vincennes [ 56 | 0.08 I Good Paoll 76 157 ! 0 Good Evansville 80 | 58 | 0.01 j 37 H. ARMIN'GTON, * Meteorologist, Weather Bureau. INDIANAPOLIS PRODUCE. Eggs—Fresh, 22023 a. Butter—Packing stock, 15c. Poultry—Fowls, 13®23c; broilers, 1%02-lb size, 45c; leghorn broilers at discount; cocks, 14c; stags, 14c; young hen turks, 8 lbs and up. 32c; old tom turks. -25 c; cull thin turkeys not wanted; ducks, 4 lbs and up,l6@l7c; geese, 10 lbs and up, 14c; squabs. 11 lbs to dozen, $5.5006; old guineas, per dozen, $3. Butter —Local dealers aie paying 35@ 86c per lb for butter delivered in Indianapolis Butterfat —Local dealers are paying 35c per lb for butterfat delivered in Indianapolis.

SWINE STEADY TO 5 CTS* LOWER Weak Spots Again Appear in Cattle Values. RANGE OE HOG PRICES. Good Good Good May Mixed. Heavy. Light. 10. slo.Bo® 10.90 $10.65 10.75 *10.85010.90 11. [email protected] [email protected] 10.76010.8$ 12. [email protected] 10.50010.65 10.76010.90 13. [email protected] [email protected] [email protected] 16. [email protected] [email protected] [email protected] 16. [email protected] [email protected] [email protected] 17. [email protected] [email protected] 10.95011.00 With receipt* close to 7,000 and both shippers and packers displaying fair demands, swine price* were steady to 5c lower In trading on the local livestock exchange today. Values, however, were generally steady. There were a few sales or light swine at $10.95, whereas the same grade brought sll on the market of the previous day. The bulk of the sales for the day were made at [email protected], with a top of sll, at which there was a fair number of sales. IMgs were in good demand, and sold at the price of the loads generally. Roughs were about steady, selling at $9.50 and down. ' A fair clearance for the day was anticipated, with trading of an active nature during the entire forenoon. Cattle values were again slow steady to 10 to 15 cents lower In spots. Packers were rather slow In buying, due to the recent falling off of the retail meat trade, which in turn Is said to be due to the arrival of warm weather and the appearance upon the market of the first vegetables. Receipts for the day ran close to 1,000. The quality was good generally. Veals were strong, with the shipping demand brisk, receipts close to 700 for the day and the quality good. There was a top of sll, at which there were many more sales than on the market of the day before. Both sheep and lamb values were sharply lower. The quality was very poor and the demand slow. Receipts ran close to 250.

HOGS. 100 to 180 lbs average $10.95(®11.00 Over 300 lbs [email protected] 150 lbs to 300 lbs [email protected] Best pigs, under 140 1b5.... [email protected] Top 11,00 Roughs ■ 9.00® 9.50 Stags 650® 7.50 Bulk of sales [email protected] —Cattle ■ Few choice steers 7.85 Prime corn-fed steers, 1,000 to 1.800 lbs 7.40® 7.65 Good to choice steers, 1,200 to 1,300 lbs r 7.00® 7.35 Good to choice steers, 1,100 to 1,200 lbs 6.50(3 6.85 Good to choice steers, 1,000 to 1.100 lbs 6.00® f1.35 ’ Common to medium steers, 800 to 1.800 lbs 5.50® 5.25 Cows and Ilelfer*— Good to choice heifers 7 50(3 7.85 Medium heifers 7 00® 7.35 Common to medium heifers.. 5.75® 6.75 Good to choice cows 5.75® 6.65 Fair to medium cows... 4.00(3:5.25 Canners 2.50® 8 73 j Cutters 2 :50® 3.75 —Bulls— Fancy butcher bulls 5.50® 6.00 I Good to choice butcher bulls. 5 00® 5.75 ! Bologna bulls 3.75® 4.50 j Light bologna bulls 3.50® 4.00, Light common bulls 3.23® 3.50 —Calves— Choice veals 10.0O@ll 00 Good veals 9.50®10.00 Medium veals 8 oO@ 9.50 ( "turnon to heavyweight veals 7.50® 8.00, Lightweight veals 0.50® 7.50 i —Stocker* and Feeders— Good to choice steers under 800 lbs 5.75® 7.00 Medium cows 2 50® 4 00 j Good cows 8.25® 4.25 Good heifers 5.75® 6.75 j Medium to good heifers 4.50® 5.75 —Bbeep and Lambs— Cull ewes 2.00 | Good to choice ewes 2.50® 4.50; Rucks 2.00® 3.001 Clipper lamia [email protected]| Wool lambs 10.00®12.00! Springers 10.00® 14 50 i Buck lambs 4.50® 5.50' Culls [email protected]!

Other Livestock CHICAGO. May 17.-Hogs—Receipts, 16.000; mnrket, steady to strong; bulk of sales. $lO [email protected]: top, $11; heavies. $10.50® 10.80; mediums, [email protected]; lights. $10.90® 11 ; light lights, $10.50® 10*5; heavy packing sows, smooth, $9.00 @10; packing sows, rough, [email protected]: j igs, [email protected]. Cattle—Receipts. 11,000; market, steady. Beef steers; choice and prime, [email protected]; mediums and good, [email protected]; good ntid choice. [email protected]; c million and mediums. $7.10@ 1 8.2 Ti Butcher cattle: heifers. [email protected]; cows [email protected]; Dulls. $4.50@6A0. Canners and cutters; cows and heifers. [email protected]; rainier steers. $4 [email protected]; veal calves, light * and handy weight, f*[email protected]; feeder steers, [email protected]; stoeker steers,

Citizens Gas Company of Indianapolis . i

General and Refunding. Mortgage Bonds Dated May 1, 1922. Maturity May 1, 1927. Interest May 1 and Nov. 1. Principal and interest at Fletcher American National Bank, Indianapolis. Callable at 104 and interest. Denominations SI,OOO.

This issue refunds a $1,500,000 issue, of which the company already has paid off $500,000. In addition to being a general and refunding issue, it also has $650,000 of the old first mortgage bonds as collateral. ( \

Gavin L. Payne & Cos. ® 126 E. Market IbB? Indianapolis S—*

[email protected]; Stocker cows and heifer*, $4.25 @6.25. Sheep and lambs—Receipts. 16,000; market, mostly 23 cents lower; good to choice lambs, [email protected]; cull and common lambs, [email protected]: springers, sl3@ 15; yearling wethers, [email protected]; ewes. $4.50 @7 cull and common ewes, s2@ CINCINNATI. May 17.—Hc,ga—Receipts 6,000; market, strong; all grades good swine, $11; pigs, $10.50; roughs, $9; stags, $5.75. Cattle—Receipts, 660; market, slow steady to weak; butcher stuff, steady; medium heifers and all grades of cows, weak and lower; steers, weak; bulls, steady; calves, $lO. Sheep and lambs—Receipts 1,800; market, weak; good ewes, ss@6; extra lights, $6.25® 6.60; choice lambs, sl6; seconds, $10@11; culls, s7@B. CLEVELAND, May 17.—Receipts, 3.000; market, 10 to 15c higher; yotkers, mixed, mediums and pigs, $11.25; roughs, $8.50; stags, $5.50. Cattle-'-Reeeipts, 250: market, slow steady. Sheep and lambs—Re ceipts y 800; market, slow steady; top, $12.50. Calves—Receipts, 300; market, 60c higher; top, $11.50. EAST ST. LOUIS, May 17.—Hogs—Receipts, 14,000; market, steady; mixed and butchers, [email protected]; good heavies, $10.70@10 85; roughs, [email protected]; lights, $10.70®10.80; pigs, [email protected]; bulk of sales, [email protected]. Cattle—Receipts, 4,000; market, strong; native beef steers, [email protected]; yearling steers and heifers, $8.65 @0.10; cows, $5(36.50; stockers and feeders, [email protected]; calves, [email protected]; canners and cutters, [email protected]. Sheep and Lambs—Receipts, 2,000; market, steady: mutton p.wes. s4@7; good to choice lambs, [email protected]; canners and choppers, sl@3. EAST BUFFALO, May 17.—HogB—Receipts, 2,000; market, active; yorkers and pigs, [email protected]; mixed, $11.25011.45; heavies, [email protected]; roughs, [email protected]: stags, $5.50@0. Cattle —Receipts. 225; market, alow; shipping steers, [email protected]: butcher grades, [email protected]: heifers. $5.50 @7.75; cows, $2.50®6.50; bulls, [email protected]; feeders, s6®7; milk cows and springers, $45@125. Calves—Receipts. 300; market, active; cull to choice, s4@ll. Sheep and lambs—Receipts, 400; market, slow; choice lambs, [email protected]; cull to fair lambs. [email protected]; yearlings, s7@ 10.50; sheep. s3@lo. PITTSBURGH, May 17.—Hogs—Receipts-, 1,800; market 5c lower; prime heavies, [email protected]; mediums, $11.30® 11.35; heavy and light yorkers and pigs, $11.35 down; roughs, [email protected]: stags, $3 ®5.25; heavy mixed, [email protected]. Cattle—Receipts, 50; market steady; choice, [email protected]; prime, ss.6o@9; good; sß® 8.50; tidy butchers, [email protected]; fair, [email protected]; common, [email protected]; common to ?rood fat bulls. [email protected]; common to good at cows, $3 [email protected]; heifers. $5 50®7.50: fresh cows and springers, $35@75: veal calves, $11; heavy and thin calves. ss@B. Sheep and Lambs—Receipts, 600; market 50c lower: prime wethers, S7.SO®S; good mixed. $7®7.25: fair mixed, ss@6; culls and commons, s2@4; choice lambs, $12.50; springers, $lO.

In the Cotton Market NEW YORK, May 17 —The cotton market opened 7 to 17 points lower today in response to easier cables and spiling by Liverpool, which offset reports of rain. Spot houses and Near Orleans bought, j while commission houses sold. After the start, the list rallied about ! 10 points. I New York opening cotton prices—May, i 21.15 c; July, 20.300; September, 20.20 c; • December, 20.33 c; January 20.19 c; March, 2015 c. ' The market was easy in the late dealj ings, closing at a net advance of 7 points to a net decline of 52 points. —Cotton Futures.— Open. High. Low. Close. January 20.79 20.37 10.94 19.94 March 20.15 20.32 19.70 19.7 q May 21.15 21.50 21.02 21.27 .T ul v 20 30 20.08 20.28 20.35 ; October 2025 20.59 20.17 20.17 j December 20.33 20.50 20.0S 20.08 —Cotton Review — NEW YORK. May 17. -Although news from the various sources relating to cot- | ton was just as bullish as it has been, the market response today was poor. Bulges did not hold and, in each in- ! stance, were met by a considerable volume of selling by longs who were content with their present profits. Whether or not we have seen a culmination of the present rise will depend mainly upon the weather reports If clearing skies should become a reality, there may be a continuation of liquidation and give us a material reaction, but. with underlying conditions as they are. bullish in the extreme, a permanent decline is hardly likely. Temporarily, however, we would prefer to await further weuther developments before making any new commitments. LIVERPOOL, May 17. There was a good spot business In cotton Friday. Prices were easier and sales close to 18,000 bales. American middling fair $13.50d; good middlings. sl2 45(1; full middlings. 12.15d ; middlings. 12.00d; low, 11.50d: good ordinary. 10 65d ; ordinary, lO.lod. Futures were steady during Initial trading. CLEVELAND PRODUCE. CLEVELAND. May 10.—Blitter—Extra. 40@40%c; prints. 41@41%c; firsts, 39® 39%ef packing stocks, 16®lSe. Eggs— Fresh, 29%c; Ohio firsts, 25%c; Western firsts. 25c. Oleo nut, 21®22c: high grnde animal oils, 22@22%c; lower grades. 16® 17c. Poultry—Live, heavy fowls, 26@27c; roosters, 16@17c; broilers, 40®55c.

7%

Price to Yield 6/2%

MAY 17, 1922.

BOOM FORECAST IN COPPER AND SILVER MINING Rise in Prices and Reduction of Wartime Stocks Are Reasons. MEXICO CITY, May 17.—A gre*l boom In the silver and copper mining industries In Mexico Is expected immediately, it was learned here today. This expectation is based upon two developments: 1. The rise in the price of illver. 2. Exhaustion of the wartime stocks of copper. Silver mines in the States of Durango, Guanajuato, Zacatecas and Hidalgo, which were paralyzed by price depress'on, are being prepared for resumption on a big scale, now that it is possible to min* silver at a profit. It is believed the demand from London and New York alone will be sufficient to keep up prices. Copper mines at Cananea, Nacozarf and El Boleo, owned respectively by American, English and French capital, will open June 1. The Cananea and Nacozarl mines are in the State of Durango; those at El Boleo are in Lower CalifomiSL

INVITES HEADS OF UNIVERSITIES Attendance Asked at Club Ceremony. Henry F. Campbell, president of the Indianapolis Athletic (Tub, today sent invitations to the presidents of the sixteen Indiana colleges and universities, asking them to attend the corner stone laying of the athletic club building on Saturday afternoon. May 27, for which impressive ceremonies are being planned by officers of the club. Senators Harry S. New and James E. Watson, both whom wilt be in Indianapolis at than time, also have been asked to attend. A special committee of the American Club has been named by Russell L. Willson, president, to have charge of that club’s part In the ceremonies. Clifford Askln is chairman of the commit to and members are Charles Pahud, Lloyd Mosiman, H. L. Rilchardt, C. F. Davis, Gage Hoag, Robert J. Branham, Arthnr J. Franklin, John J. McShane and Charles Gregg. According to preliminary plans the club will march In a body to the athletic club building, which Is now under construction at the southwest corner of North Meridian and Vermont streets.

Jail Sentence for Contempt of Court Granville Carr, secretary-manager of the defunct Universal Paper Company, today was scheduled to begin a ten-day Jail sentence, imposed for contempt of court by Judge Solon J. Carter, in Superior Court Room 3. Carr was also fined SSOO. It Is alleged that he removed property valued at SIB,OOO, which he contends was personal, from the company’s assets. The Universal Paper Company Is a $50,000 subsidiary of an $8,000,000 foreign corporation. Kirkhoff Brothers, creditors of the company, atid Chester Jewett, receiver for the concern, made the complaint which resulted In Carr’s arrest. It is said that he removed the property against the advice of his attorney. Vote Contestors to Meet in Cour^j All candidates petitioning a recount of ballots cast in the recent primary election will meet Friday in Circuit Court in the matter of appointment by Judge Harry C. Chamberlain of commissioners to recount the votes. Judge Chamberlain will attempt to save the county or the candidate as much expense as possible by determining if th* candidates will consent to one board of three tabulating the vote for the six candidates who hare contested elections, lastead of the appointment of a board for each contesting candidate. In the event discrepancies are found, the county bears the expense. If the officials tabulations are found to be correct. the contestor must pay for tLa 19count. CHURCH VS. AUTOMOBILES. CARDIFF, May 17.—The Glamorgan County Council has been petitioned, “in the Interest of religious sevices,” to give motorists licenses not good on Sundays.