Indianapolis Times, Volume 35, Number 6, Indianapolis, Marion County, 18 May 1922 — Page 10

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BROAD MARKET MOST ACTIVE IN TWO WEEKS Gains Ranging From 2 to 6 Points Through Entire Stock List. INDUSTRIALS INCLUDED Special to Indiana Dally Times and Philadelphia PuMle Ledger BY MONITOR. NEW YORK. May IS.—The stock mar ket was the broadest and most active of any session In the last two week and was distinguished Wednesday by a Gains ranging from 2 to 6 points were scattered throughout the list, and in eluded moat of the active industrials and soma of the specialties. The persistent rise in the coppers continued. with striking gains established by American Smelting and Refining, Kennecott, Anaconda and Utah. The buying was stimulated not only by the advance In copper metal prices, but by talk of possible mergers. Little attention, however, is paid to this gossip at present. Late in the afternoon the steel sharaa, which had been firm earlier in the day, developed a burst of activity and strength, with Midvale soaring to 45% and closing at a net gain of 4% points. Among the other iron and steel stocks which participated in the upward movement were Republic Iron and Steel, Replogle. Vanadium. U. S. Cast Iron Pipe. United Aloy Steel and Iron Products. It Is impossible to separate the wheat from the chaff sc far as the various merger rumors are concerned. The oils displayed more strength than they have exhibited for a week or more, and substantial gains were registered by Royal Dutch. Mexican Petroleum, Pacific Oil, Pan-Am xrican issues and others. Among the active specialties were the Barnesdall issues. United Fruit. Industrial Alcohol, United Drug. General Electric and American International. The motors also were higher, although the trading in this group presented no outstanding feature. The rails responded only sympathetically, although considerable activity and strength were exhibited by Canadian Pacific, Southern Pacific, Rock Island and New Haven. According to the weekly review of the Iron Age. the features at present consist of merger possibilities and the fact that mills are falling behind on deliveries. The observation also is made that the coai strike Is adding to steel costs.— Copyright, 1922, by rublic Ledger Company.

WALL STREET GOSSIP

By MONITOR. NEW YORK. May 18—Midvale and Republic assumed the lead among the steel stocks yesterday, the former advancing to anew high at 45%. Buying was based on the widely circulated story to the effect that Midvale and Replog.e were negotiating with bethlehem with an | eye to joining the Bethlehem combine. This story was emphatically denied Inst evening by Thomas 1.. Chadbourne, at- j torney for the “six company" merger. | Texas Gulf Sulphur established anew 1 high for the move at 46-V It is believed , that earnings of this company are run ; liing at a rate which would Justify ex- ' pectatlons of an increase in the dividend. : However, it is not anticipated that any such action will be taken at the next ! dividend meeting, but rather later ia ( the year. Time money is still easy in the mar- i that thirty. at 4pe^ the iowe6t rate since late , in 1919. Kavser stock recovered to 44%, after touching 4.1 on selling based mainly upon disappointment over the failure of di rectors to act on the dividend a* Tuesday's meeting. It is probable that lack of action was due to the absence of President Bayer, who is abroad at present. The Miami Copper Company has settled its litigation with the Minerals Sapara tion Corporation. It Is reported that this settlement does not involve payment for past infringements or litigation, but that ft is based upon iisence fees for present and future use of the process. Merger talk is filling Wall street on alii sides and, in addition to the steel mergers consummated or being negotiated a Biigar merger is practically completed. The street is looking for a merger of several of the loading copper companies, as well as a combine of half a dozen small Independent steel companies in the Pittsburgh district. A merger of large tool interests Is anticipated, f e are further combines In the motor industry. National Lead common touched 96%, this representing a gain of better than 4 points from Tuesday's low. President Cornish said he knew of nothing to eausc the flurry In National Lead common. There has been no change in conditions and no change in the dividend is to be expected. Interests in the Street Is centered on the dinner to be given by President Harding to prominent steel men tomorrow evening. In view of the fact that the President Is to entertain sixteen of the leading railway executives on May I’d. and later on is expected to confer with leading coal men over the dinner table, the financial district is watching with interest to see wha* trend of action will be developed at the first o' these meetings as a guide post for the ethers. Although Wail street is committeed to the belief that a copper merger may be expected In the near future S. R. Gug genbeim stated that this was not being discussed at the present time. Mr. Guggpnheim made it plain, however, that he was not speaking for any period other than the present, inasmuch as most of the copper companies mentioned belong to the Guggenheim group, ihis denial es factually killed the copper merger rumor The companies mentioned were Ken necott, Chile, Braden, Utah and Mother Lode. Atlartic Gulf and West Indies preferred. which has been selling about 10 points below the common, ts attracting interest among the speculative element, and in some quarters It is said that this issue is being groomed for a rise to a po 1 sltion more In line with other preferred stocks.—Copyright, 1922. by Public Ledger Company. NEW YORK HIDES. NEW YORK. May IS.—Hides were rarher quiet in trading on the market here today. Native steer hides were quoted at 13%c and branded steer hides , at 13c. NEW YORK COFFEE. NEW YORK, May 18. —Coffee values were weak in trading on the exchange here today, opening options beiug it to 12 , points lower. Rio No. 7 on spot was i quoted at ll®lll4c per pound. NEW YORK RICE. NEW YORK. May 18.— Rice prices were firm on the market today, domestic selling at per pound. NEW YORK SUGARS. NEW YORK* May IS.—Raw sugars ! were rather quiet in trade on the ex- ! change today. Cuhas were quoted at j 4.04 c per pound, duty paid, and Porto Ricos at 3.8fi®3.92c per pound, duty free, delivered. Refined sugars were firm, fine i granulated selling at 5.30i5.50c per j pound and No. 1 soft at 5.20® 5.50 c. NEW YORK METAL MARKET. NEW YORK. May IS.—Copper—Firm: ail positions. 12!ii&l.V. Lead—Firm; all positions, 5.30 c bid. Spelter—Steady: spot and May, 5.10®5.15c; June, 5.10® 6.17 c.

/V. T. Stock Exchange

(By Thomson & McKinnon.) —May 18— Frev. High. Low. Close. Clouse. Ajax Rubber . 17 17 17 17% Allied Chein. . 68''* 07% 67-58 67% Aliis-Chalmers . 48-* 48% 48% 49 Am. Beet S. .. 42% 41% 42 41 Am. B. .\1 45% 44 41 45 Am. Can 48% 47% 47% 47% Am. Car & F...160% 159% 159% 160 American Ice ..107% 14*7 107_ 107% Am. H. *V L. pfd 71 t 9% 70% 70% Am. In. Corp.. 47% 4% 47 47 Am. Loco 114% 113% 113% 114% Am. Steel F. .38% 38 38% 38 Am. S. A- Ref. . 06% <>4% 65% W% Am. S. Ref. ... 76% 75 76 75% Am S. T. Cos. . 36% 36 36% 35% Am. T. AT. ..122% 122 122 122% Am. Tob 141 140% 140% 140% Am. Woolen ... 92% 91% 91% 91% Anaeorda 55% 55 55% 54% Atchison 100% 99% HO 99% At. Coast Line 102 101 102 101% At. Gulf &W.I. 38 38% 30% 37 Austin Nichols. 27% 23% 20% 24% taldwin Loco.. 117 110% 110% 17 ii &O. ........ 47% 40% 47 40% Be.’:. Steel (Rl 77% 77% 77% 77% Brook. R. Trans. 25 24% 24% 25% Cal. Pete 57 50 % 50% 57 Can. Par. Ry 140% 140% 140% 140% Cen. Leather. 40% 38% 40% 39 Chandler M 74% 73", 73% 74% C. A- 0 65% 65% 65% 65 CMA S P com 20% 25% 26 26 CM A St. P pfd 43% 42% 43 43 Chi. A North... 75V* 74% 74% 75 CR I A Pac 45% 44% 45 44 C RIA P Opet p 81% SI SI Chili Copper ... 23 22% 22% 21V* Comp. A Tab. 07% 66 60% 68 <'lnert Al’ 57 55 % 57 .... Chino Copper .. 32’% 31 31% 30% Columbia Gas.. Ss 87% 87% 87% Coca Cola 59% 3*% 59% 58% Col Fuel A Iron 37 35 30% 35 Consoild Gas ..118% 117% 117% 117% Corn Products. .101 % 101% 101% 101'* Crucible Steel... 74 72% 72% 72% Cub Am Sug 24% 22% 23% 22% Cub Cane Sug.. 10% 15% 10% 15% Del A Lack... .121% 119 120% ... Dome Mines .. 28% 28 28% 28 Erie 13% 13% 13% 13% Erie Ist pfd ... 22% 22 22V* 21% Endientf A J... 84 83% 81 81% F Plavers 82 St’* 81% 81V* Fisk Rub C 0... is 17% 17% J Gen Asphalt .. 61% 61% 01 % 61% Gen Cigars 73% 73 73 73% Gen. Electric .165% 105% 165% 165% Gen. Motors ... 13% 12% 13 12% Goodrich 41 41 41 40% Gt. N. pfd 75% 74% 75% 75 Gt. N. Ore ... 41% 41 41 41 Gulf S. S 85 83% 83% 83% Hupp Motors . 20% 20% 20% 20% Houston Oil ... 78 7s 78 78% Illinois Central 104 103% 104 103% Indlahoma 4% 4% 4% 4% In. Copper .... 42% 41% 42’% 42% Inter, liar 105 H 2 102 104 inter. Nickel .. ls% IS 18% 17% Inter Paper ... 51 5-'% 50% oti% in. Oil 18% 17% 18 18% Kevsione The . 21% 21% 21% 21% Kelly-S. Tiro . 50% 410% 43% 50% Kenn. Copper . 39% 3 s % 58% 38% Lack. Steel ... 78'* Ts 78% 75% Lehigh Valley. 05% 02% 65% 021 Loews, Inc 17 10 10% 10 Martin Parry. 32% 31% 32% 31% Marine com. .. 23 j 23% 25% 23% Marine pfd 83 82% S3 Mav Stores 117 117 117 110% Maxwell A 7.3% 72% 72% . ... M-x. Pet 133% 130% 130% 131% Miami topper. 30% SO 30% 29% Mid. Suites Oil. 15 11% 14% Mldv. Steel 41% 41% 42>_ 44 Mis. Pac. Ry.... 23 22 * 22'* 23 Mis. Pac. pfd... 56% 56% 50% 50% Mont. A Ward. 22% 22% 22% 22% Nat. Lend 98% 95 95 94% Nev. Copper ... 18% 18% I>% 18% N. Y. Central... 90% 89% 89% 90 New Ihiven .... 30% 29 30 % 29% Norfolk A W.. H*6% 100 lort 106% Northern Par.. 70 75% 76 74% Pro. A Refiners 41% 39% 40% 39 Pacific Oil 65% 61% 64% 65% Pan-Am. Pet 65% 64 64 65 Penna Ry 41% 41 41 % 40% People’s Gas.... 86 85% 85% 86 I'ere Marquette 31% 30% 31 30% Pierce-Arrow .. 18% 18% iv% is Pierce Oil Com. 10 9% 9% 10 Pull. Pal. Car. 122% 121V* 121% 123 Pure Oil 32% 32V* 32% 52% Ry. Steel. Sp. . 100% 100% 100% ino% Reading 5.:% 76% 79% 78% Rep I. -A Steel.. 75% 70% 71% 71% Replogle Steel.. 38% 50 30 37% Roy. D. of N. Y. 03% 62% 62% 62% Sears Roebuck.. 76% 75% 75% 75 Sinclair 33% 33 53% 52% Superior Steel.. 55 51% 35 S-Sheff. S. A 1.. 55 51% 51% 52% So. Pacific 91% 90% 9;% po% Southern Rv 24% 24 24 24% Sr.L. A S.W.Rr.. 29% 29% 29% 29% Stand.O. of Cal. .114% 113% 1)3% 113% Stand.O. of V.T .187% 186% 187 D7% St L. A S.F.eom. 50 29% 29% 29% Stew. A Warner. 40% 40'% 40% 40% Strom. Carb 53 53 53 53 Stn drbaker ...120% 119 119%. 120% T* x.G A- Sulnhur 46% 46 46% 46% Tex. Coal A Oil 30% 29 PH -.•fit*. Texas Cos 48’* 4T-N*, 48 ‘ 47% T ex. A Pac 35% 33 33% 32% Tobacco Prod,. 70% 00% 70% 69% Trans. Oil 17% 16% 16% 10% Union 0i1...... 22 21% 21 7 * 21'* Union Pacific. .158% 437% 138% 13.8 United Drug... 810, 77% 81'* 78% Unit-d Fruit... 142% 142 142% 145% I'. S. Ret. Sirs. 64% 02 * 64% 63% 1' S. Csflm Pipe 36% 55% 35% 35% I'. S, Iml. Alco. 54 53 53 52% l'. S. Rubber... 64% 61% 64% 64% r. s. Smelt 44% 43’-. 43% 43% U. S Steel 99% 9*% 99% 98% U S. Steel pfd 118% US 118 ..... Utah Copper .. 68% 67% 67% 67 Vanadium Steel 53 50% 51% 50% Wabash 10% 10% 10% 10% Wabash Ist pfd 31% 30% 21% 30% Worth Pump... 51% 50% 51% ... West Pac 21 21 21 21 W Union 97% 97% 97% 97% Westlnghou* E 63 62 % 62% 63 White Motor ... 48% 48 48 49 Willvs Over . . 8 7% 7% 8 VVhl’e Oil .... 10 10 111 10 Woo! worth ...157% 157% 157% ...

r i: the Cotton Market

j NKW YORK. May 18.—The rotten I market was Irregular at the opening to ■ day. May and Marrh were 3 points higher, while other months were 7 to 13 points lower. The selling rame mainly from rommlsston houses and New Orleans, being based on better weather. Liverpool bought at the outset. After the start, the list improved on rnvering, due to the reports of Some heavy rains. New York opening rotton priees: May, "1.3.7 c; July, 20.37 c; October, 20.17 c; November and December, 2tt.o7c; January, 10.90 c; March. 10.75 c. The market was steady in the late dealings, closing uni hanged to 11 points higher. —Cotton FuturesOpen. High. Low. Close. January 10.90 20.08 10. M 10 97 March 19.77 lti.sO 19.65 19.81 May 21.35 21.41 21 13 21.38 .1 ill v 2*1.:17 20.74 20.20 20.".S October 20.13 20.37 20.01 90.17 December 20.07 20.2(5 18.93 20.'8 —Cotton Review— NEW YORK, May I&—The action of the cotton market today was largely a duplication of what we had yesterday. Sentiment remains bullish, but the mar- . kef no longer responds to this idea and j bulges were again limited and in each i instance was met by a sufficient volume of profit taking, which finally resulted in a rather weak market during the afternoon. Tile selling was. no doubt, prompted |by a letter weather map. The Southwest i was generally clear and favorable tern I peraturos predominated, but we will need 1 a prolonged period of ideal weather in ; order to penult of an unusual amount of replanting that will be necessary, ami \ there is a reasonable likelihood that later in the season we will have an unusunl number of severe scares because of this lateness. With the supply and demand position growing more bullish weekly, we can see no reason for a permanent decline of consequence. though a substantial temporary reaction at this time would not be out of place. ' LIVERPOOL. May Is.-There was a i good demand for spot cotton at the open- ' Ing today. Prices were easier, and sales approximated 17.000 bales. i American middlings, fair. 13.50i1: good ! middlings. 12.47: fully middlings. 12.13d ; j middlings. 12.00d : low middlings, ll.TOd ; good ordinary, 10.63d; ordinary, 10.17 J. STANDARD OIL OF INDIANA. Sales, 6,000 shares. Open. 106%; high, 10754; low, 106V4; close, 100 Vi.

STEELS SUSTAIN LATE DECLINES Leathers Final Leaders—Copper Issues Lower. NEW YORK. May 18.—The stock mar ket closed steady today. The market was active and steady throughout the last hour. The leather issues were taken up. Central Leather advancing over 1 point to 40Vi. Mtdvale Steel again yielded to 41%, and Crucible Steel dropped from 74 to 72%. The copper stocks were lower, under profit-taking sales, American Smelting yielding 1% points to 65%. United States Steel held about 99. Government bonds were unchanged and railway and other bonds steady. Stock sales fur the day were 1,306,900 shares; bonds. fIS.OSS.OOO. (By Thomas A McKinnon). —May 18— The stock market today continues to be a very broad affair, with the volume of individual transactions growing in size and large operations by the professional element as well as by the public. But, in many respects, the market is as unlike former markets as world conditions are unlike that which we commonly term "pre-war normalcy." The corner Rtone of the market is the wonderful banking situation, making available for market use a vast sum of investment capital at rules that are sufficiently attractive to make possible the flotation of big issues of all classes of securities. Another part of the foundation is expanding business, which is reflected in the higher prices for basic commodities, including steel and copper. This latter element will no doubt supply the necessary incentive in the future for continued optimism on the part of the public, whose interest in the market has already reached large proportions. And in this connection, it seems to ns that tills market is as fundamentally strong ns if is technically weak, but this will not necessarily Interfere with file market's program except that it must be kept constantly in mind in order to guard against a surprise. TWENTY STOCKS AVERAGE. NEW YORK. May 18. Twenty Industrial stocks Wednesday averaged 93.71, up 1.08 per cent. Twenty active rails averaged 84, up .66 per cent. Money and Exchange Indianapolis bank clearings Thursday were f2,782.000, hank debits ft.74U.000. NEW YORK LIBERTY BONDS. —May IS I’rev. High. Low. Close close. Liberty, 3%s ... 99.36 99.32 99.36 09.52 Libi rtv, Ist 4s 99 70 i Liberty, 2nd 45.. 99.56 99.52 99.52 99.60 Liberty. Ist 4%s 99 88 99 09 99 8* (in 70 l.ibi rtv, 2nd 4%s 99.64 99 58 99 02 99 ,* Liberty, 3rd 4%s 09.90 99.99 99 9 4 99 91 Liberty, 4th 4%s 99 91 99.8,8 (19911 9991 Victory. 3%s 199 00 imirj Victory, 4%s ....100.72 100.66 loo7u 100.68 NEW YORK Cl Rl*. (By Thomson A McKinnon.) -May IS, Closing Bid. A*k. A"me Racking 63 65 Curtis Aero con 4% 5% Curtis Aero pfd 24% 26 Boston A Montana 22 23 Boston A Montana Corp.... 1% 1 % Goldfield Con 6 8 Jumbo Extension 3 5 [nternat. Petroleum 21 % 21 % Kirby Oil 19% 10% N" pissing 6 6% Standard Motors 4% 5 Salt Creek ~... )Bi* 18% Tonopnb Extension 17 16 1 % Tonopah Mining 1% 1% United R S new . 7% 7% U. .8, Light A Heat 1% 1% U. S Light A Heat pfd.... 1”* 1% { Wright-Martln 2 5 ! Yukon Gold Mine <'o 1 1% Jerome N.N.N 5% i, • New Cornelia 18 18% United Verde 28 26% Sequovah 3 in Omar oil 1 It 10 1% Rep. Tire 20 (hi ACTIVE OIL STOCKS. (By Thomson <v McKinnon.) —May 18— —Opening Bid. Ask Anglo American OH 29 2n% Borne Scrymser 36* 389 Buckeye Ripe I.ine 97 99 Chesebrough Mfg Cons... 19 1 2"9 Continental Oil. Colorado... .110 150 Cosden oil and Gas 5 8 Crescent Ripe Line 35 38 Cumberland Ripe Line 130 145 Elk Basin Rete 9% 9% Eureka Ripe I.ine 99 102 Galena Signal Oil, pfd I**B 113 Galena Signal Oil, com 51 58 Illinois Ripe Line I*7 192 Indiana Ripe Line 98 100 Merritt Oil 13% 14 Midwest Oil 2% 3 Midwest Rfg. 200 National Transit 29 51 New York Transit .175 1.82 Northern Ripe Line 106 109 Ohio Oil 312 .318 i Oklahoma R. A R 7 8 Rente Mex 27 32 Prairie Oil and Gas 605 615 Rrnirie Ripe Line 226 220 Sapulpa itefg 4 4 * ; Solar Refining 350 370 : Southern Ripe Line I<*l 104 Soiilh Renn. Oil 219 220 Southwest I’eitn Ripe Lines . 6u 65 Standard Oil Cos. of Ind 1 1 6% 100% Standard oil Cos. of Kan 570 589 Standard oil Cos. of Ky 82 *5% Standard Oil Cos. of Neb..... 190 209 Standard Oil Cos of N V....4‘V5 410 Standard Oil Cos. of 0hi0....469 459 Swan A Finch 30 40 j Vacuum Oil 410 420 Washington Oil .. 20 30

MOTOR SET! KIT IKS. (Ily Thomson A- McKinnon.! —May 18— Closing. Ilid. Ask. Karl Motors 3% 4 Packard com 12% 13% Packard pfd 87% 9” Peerless 42 43 ‘4 Continental Motors com 8 8% Continental Motors pfd Mi 92 Hupp com 2<>% 21 Hupp pfd HU 10". Reo Motor Car 24 21% Elgin Motors 2% 3 Grant Motors ' % % Ford of Camilla 378 387 Federal Truck 22 24 Paige Motors 20 21 Republic Truck 7% 8 CHICAGO STOCKS. —May 18— (By Thomson A McKinnon * Open. High. Low Close. Arm. i- Cos. pfd. 97 97 90% 96% Arm. Leather... i‘2% Arm. Leath. pf. 8(5 Case Plow 4% C C A- C Rv pf. 7% Chi. El. Kyi. pf. 7% 7>4 7 7 Cinlahv 65 Com. Edison 13(1% 131 130% 131 Cnnt. Motors.... B’4 8% 8 8 Deere A- Cos. pf. 77 Earl Motors.... 4 4% 4 4% 1,11 l y McNeil... 2% Montgv. Ward.. 22% 22% 22 22% Natl. Leather.. 2% 2% 2 2 Natl. Lea., new 8% 8% 8% 8% Pick A- Cos 27 27 20% 2(5% Pig Wig "A".. 4.3% 14% 42% 44 Quaker Oats... 97 Reo Motor 24 Stewart-Warner. 40% 41 40':. 40% Swift - Cos 1021- 103 102-3 102% Swift Inti 2(1% 21 20% 20% Thnisn. (J. R) 48 48% 48 48 Hnion Cb. & Cb. 57% f>B 57% 57% Wahl (52% (52Vi (12 62 Wriglcy 103 Yellow Taxi.... 73Vi 73% 72% 72% NEW YORK PETKOI.ELM. >E WYORK. May 18.—Petroleum prices were steady in trading on the market here today. Pennsylvania crude petroleum selling at $3.25 per barrel. NEW YORK TERPENTINE. NEW YORK, May 18. Turpentine sold at 97c per gallon on the market here today. 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. 3,14 c. Chucks—No. 2, lie; No. 3,9 c. Plates—No. 2,7 c; No. 3,6 c.

INDIANA DAILY TIMES

GRAIN VALUES CLOSE LOWER Little Life Is Shown During Entire Market Session. CHICAGO, May 18.—Wheat prices closed lower in dealings on the Chicago Board of Trade today. Values opened lower, due to sharp declines At Liverpool, and failed to rally in final trading. There was scattered /buying on local commission houses on the decline. Following a firm opening corn prices suffered losses and closed tower. Trading was extremely dull. Oats also were lower. Provisions closed irregular. May wheat opened at $1.45%, unchanged and closed off 3%e. July wheat opened off %e at $1.27. and closed off ■%C. September wheat opened up %e at $1.21 and dosed oft %c. May corn opened at 61 %e, unchanged, and closed off %c. July com opened at 64%c, unchanged, and closed off _%o. September corn opened up. %c tit 67%c and closed off %c. Mav oats opened unchanged at 3s%c and closed off J %o. July oats opened unchanged at 40c and closed off %c. September oats opened unchanged at 41%e and closed off %c. (By Thomson A McKinnon.) —May 18.— Wheat Uncertainty ns to the May wheat was the dominating iuflueuce in today's market. Routine news cut little figure nrtl its character favored Both sides about equally, except for rather pronounced weakness in cash wheat in the southwestern markets. Gables were easy. Local sentiment was bearish. Commission houses seemed to have fairly good buying orders on the weak places, part of which supposed to be for export interests. Minneapolis mills reported better flour business, one company selling 5,000 barrels fur export. Millers were generally holding off on wheat purchases, hoping for a break in the May on which to secure stocks, which they wed badly, lllnois sold new wheat to arrive quite freely about one and one quarter under July. Crop reports said Texas and Oklahoma would not equal the forecast by tbe Government. Kansas promises 103.000.. 000 bushels against 128,000.(100 bushels last year. Canadian spring wheat seeding reported. Manitoba slowed small increase. The condition of seeded wheat is said to be perfect. This is largely a Mav wheat market. Support in that month would quickly turn the July, and, on the other hand, local sentiment is bearish enough to carry the market further, should the May wheat weakness continue. Corn and oats Coarse grains were dull and rather easy, within local crowd selling. Country offerings were free, hut at higher prices. lowa and Nebraska are calling for ruin. There was only a fair shipping demand. The after planting movement keeps buyers rather quiet. But there is no special weakness in the situation. Provisions I.ard was a Utile easy, while meats were firm, both of them tuk ing their tone from the higher hog prices. Heavy stocks of lard are holding buyers hack some. CIIH AGO GRAIN TABLE. Mav i* WHEAT open High. Low. Close. Mil . ; 4n% 1 *5% 111% ill % Jitlv ... 1.27 1.27 • 1 26% 126 * Sept.... 121 121% 1.20 1.29% < OB N Mav 61% .61% .61% .61% July 64 * .64% *4% .64% Sept 67 , .67% .66% .66% 11 ATS - Mav "8% .581 j 57 .37 Ju I v 40 .41*'* 59'.. .59% S -pi 41 % .41% .41 .41 CORK - •11a 1 22.95 la it i' Mav It 57 11 12 11 37 11 40 .In iv 1 ’ 80 11 >9 111-2 11.62 Sept ..18.' ]i *7 11 *9 1( 85 RII’.S •Mav ... 12 89 12 80 •July 12.92 1202 •Sept 12.00 12.15 t KYK May... 1 10’.., 1 'o’4 1 09% 109% Jufv ... 109 1 <!■% 10* 108 Sept . . 100% 101% 1.u0% 1 06, •Nominal. IH l< AGO ( \8 11 GIC \ IN. CHICAGO. Mav 18 Wheat N. 2 red. $1.45: V-, 3 red. *1 be No. 2 b.ird win $1 lUhl 45: No. 3 hard wintr $1 l"o 1.10% : No. i tou t . rn spring dark, $1.72; No. 2 mixed St. 9%: N" 3 mixed. SI 51%. Corn No 2 mixed. 61%,•; No 2 white. 6 • No o vellou. ,;o . No. 5 mixed, 61%.’ white’. 61,7; No 5 VriblXV. rt1*.,'002%": No. 6 mixed, 6in..c; No. 6 W llTte Ole; No. ‘ 4 ye,low, 61c. Oat* No 1 white, 44c; No. 2 white. 4%/ 12%c: No .3 white, 400 12c; No. 1 white, 59%% 41%. •. TOLEDO SEED 'NO Git \ IN. TOLKl>>. May 1-8 Wheat Cash. $1.42%® 1.44%: Mav. $1.42%: Jtllv. $1.29. Corn * Cash, 674668' I'ats 'ash. tub. pje. Ry, Cash, $1.16 Karlov ia.sh.7oc. Clovers".-d Cash. sls. 75; ". toiler. 11.45 AKike- Cash. >ls; ,hih $11.75: toh..r, $•1.29. Tim .thy Casa. C IO; July. $5.16; September, $5.15; October, >5.25. I’ItIMARV .MARKET*. (Rv Thomson A \h'K nmui) May is lb.s-ip'S - Wheat. Corn. Oats. St Joseph.. . ]•"<" 25 bob l.boi Chic;,* 222.099 166,0 to 172.6M1 Milwaukee ... 4J** I”2.'> R>.oik Minneapolis . llh<>'<> 22 u>o io">' Duluth D‘> >9 58.0" 24.'hk* St. Louis .■■ 6,*. GO 75. 1 no cC .H Toledo 1.0 0 4.069 29.000 Detroit 1"oo I"- 1 '* Kansas Cltv.. HU"" M, loboo Re/iria 5 .Git 51.99 SI,;KM> Omaha 97JW> W ■"" •2.'"b Indianapolis... ID'9 22JSD ,10.9M> Totals 757,600 t(31.6>>0 609.•Vx* Year ago... 722.000 294,000 404.0i4) S!ihnM*nt tv Corn. Oilts. St Joseph.... 5.009 21.690 ••• •- r'pp.f.g,, . II.UIO 510,9 6 1,6.991 Milwaukee ... 51.--M'nne.a polls . * 7s, Duluth 19,.00b St Louis .... 54.999 9".9 6 ,1,09. 7,V.1.4 s.ixkt 3.000 3.9 Hi Detroit " ... 2.000 6.9-H> Kansas fit'.. 178.904 15.0*0 7.0,9 Pc.rin ....... 7.090 27 94, 54 4-M Omaha 68.1.9 SB.™! Jjj.ooo Indianapolis ,-9H* 2W Tctats 571 9 0 1.129.000 1,582.68*9 1 Year ago!:. 47(..kh) 37,9.00,* _. t'|caranees Wheat. Corn. Oats. *■ . v,v 78.'4*0 175.000 ikaltimore 26/*ort 60.9,0 Tol .(s ~~ ’ KM .090 2.35.C10 Year ago... 7*'6,000 491,(“0 3.4>,(M> INDIANA PO LIS ( YSil GRAIN. —May 18— Bids for car lots train and hay nt tlic rail of ihi* Imhatiapolis Hoard of 'whenT---Steady : No. 2 red. $1.126,71.14. Corn Easier: N 3 white, fi.ffd i1.,%c. No 1 white. 616,,'61'jc; No o ycHovv, 64C.fit67,,■; No. 4 xclh.xv, 6.;%rt/6ic; No. niixcvl, 68q64%6; N„. 4 mixed, (Mi '""(iala Steady: No. 2 xvliite, 42((i43c; No. 3 white. 41 fo4l %e. Oats— Steady : No 2 white, 42@43c, \ n wliito, 41'd41 T jC. ' jj* v Firm ; No. 1 timothy, sl9 7i06„.0; Yo 2 tiniothv. $196,119 ~**; No. 1 light <dover mixed, $18.5969 19; No. 1 clover. s2o, a Tp^ppctions—• Corn-No. 2 white, 2 cars: No. 3 white, 1 ,-ar No 4 white, 2 cars; No. 6 white, 1 car No 3 vellow. I >ar: No. 5 yellow, .. ~n rs; N<>. 6 yellow. 2 cars; No. 0 mixed, I car: total. 13 ears. cats- No. 2 white. •> ears; No. .1 white. II cars: No. 4 while. 3 ears: No. 1 mixed, 1 ear; total. 23 ears Kxe —Sample. 1 ear. No 2 timothy. 1 ear; No. 1 light clover mixed, 2 cars; No. 1 clover mixed, 1 car; total, 4 cars. HAY MARKET. The following are the Indianapolis prices for hay. by the wagon load, delivered in Indianapolis: Hay -Loose timothy, $18(57:29; mixed hay. $186,119; baled hay, slS(gl9. Oats New, per bushel. 42% 45c. Corn —Both 010 and new, per bushel, 03<5j6$c. WAGON Wlt .SAT TRICES. Indianapolis flour mills and elevators yesterday were pa.v.ng $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. NEW YORK WOOL. NfllYY’ YORK, May !s.—Wool prh'os were strong on the market today. Domestic fleece. XX Ohio, was quoted at 33fif'49c per lh: domestic pulled, scoured basis, at 50e@$1, and Texas domestic, scoured basis, at Coc(b.sl.ls.

Local Stock Exchange

—May IS—STOCKS. Tid. Ask. Ind. Ry. & Light com 57 Ind. Ky. & Light pfd 78 Indpls. St. Ky 50 Indpls. N. W. pfd 60 Intlnls. A S. E. pfd 60 T. 11., T. A L. pfd 71 T. ii., I. Ac E. cum h T. H., I. A E. pfd W U. T. of Ind. com I U. T. of Ind. Ist pfd 5 10 t . T. of Ind. 2d pid H Advance-Kumeiy pfd ••• Advance-Rumely com 17 Am. Central Life 200 Am. Creosoting pfd 94 ... Belt It. U. pfd 50 Belt R. K. com 60 €2% Century Bldg. Cos. pld 93% ... Citizens Gas Cos 21 City Service com 230 235 City Service Cos. pfd 64% 67 Dodge .Mfg. pfd Home Brewing 48 ... Ind. Hotel com 83% ... 11.<1. Hotel Cos. pfd 99 ... Ind. Nat. Life Ins. Cos 2 Ind. 'tfitle Guarantee 69 Ind. Ripe Line ei ... Indpls. Abattoir pfd 45 Indpls. Gas 43 ... Indpls. Tel. pfd UO indpls. Tel. com 5 Mer. Rub. Util, pfd 48 Nat. Motor Car Cos 1% 4 Rub. Savings Ins. Cos 6% ... Ranh Fert. pfd 47% ... Stand. Oil of Indiana 104 Sterling Fire liib Cos 7 ... Van Camp Hdw. pfd 90 ... Van Camp Rrod. Ist pfd.... 97 100 Van Camp Prod. 2d pfd Vandalta Coal Cos. com 1 Vandalla Coal Cos. pfd 7 12 Wabash Ry. pfd 30 Wabash Uy. com 10 BONDS. Broad Ripple 5s 62 67 Citizens St. Ry. 5s 80 Indian Creek Coal A Mine 6s ... 100 Ind. <’okc A Gas 6s $6 Indpls. C. A S 5s 91% ... ’nduls. A Martinsville 55.... 55 Indpls. A North. 5s 40 45 Indpls. St. Ky. 4s 60 65 Indpls. A N. W. 5s 53 54 Ind pis. A S. E. 5s 40 Indpls, Shelby A S. E. 55.... 40 T. 11., UK.ii 64 Citizens Gas 5s 85 90 Indpls. Gas 5s 85 90 Kokotno, M A W. 5s 87 90 Ind. Hotel Cos. 6g 09’,* ... Indpls. YVater 5s 90 100 ipupiH. Water 4%s 8l Indpls. T. A T. 5s 80 85 Indpls L. A 11. 5s 91 93 I’. T. of Ind. 6s 53 Mer. H. A I. 5s 99% 09% New Tel. TANARUS,. I>. 5s 97 ... New Tel. Ist 6s 97 South. Ind. Rower 6s 87 92

Local Curb Market

(By Newton Todd.) - May IS— Bid. Ask Central and Coast OU % ... Choate Oil Corp % Commonwealth Fin. coin. ... 23 38 Conimotiwea th Fin. pt’d. ... 48 58 Columbian Eire 1 s Cos 6 7% Davton Rubber Units 41 51 Di togr.iph Rrod. pfd 29 39 It W. Griffith 3% 6% Elgin Motor Car 2 .3% Fed Fin Cos. pfd 79 89 Fed. Kin. Cos. com 121 131 Gt. Son Prod. A Ref 6% 8% Interstate Rub. Serv. pfd 80 90 Metro. 5 19c store coin 3 7 Metro. 5-10" Stores pfd... 16 26 Nnt'l. Underwriting 2% 5 Rauch A Lang Units 26 36 Robbins Body Units 15 22 Rub Tex. 1 nits 11 Vi 16% U. S Auto Units 30 40 U S. Mig. Cos. Units 101 121 DANK 3TOCKB. Commercial Nat'l Bank .... 74 $3 Con:. Nnt'l. Bunk 104 114 Ind Trust Cos 116 Ind. Nnt'l Bank 253 26.3 Mer. Natl Bank 282 .... Nat'l City Bank 72 88 Security Trust Cos 131 140 Sta’e Savings A Trust. 94 99 Union Trust Cos. 300 ... Wash. Bank A Trust Cos. .. lot) ...

Weather

The following table shows the state of weather at 7 a. m.. May 18. ns observed by fnlted Slates Weather Bureaus: Station Bar. Temp. Weather. In and tun spoil s, Ind... 29.47 61 PtCldy Atlanta, tin 29 62 5(1 Rain i Amarillo. Texas.... 20.80 54 Clear Bismarck. N. D.... 29 76 46 Clear i Boston. Mass 29 98 30 Rain I Chicago. 11l 20 44 54 Rain 1 Cincinnati, Ohio .. 29 48 00 Rain ! i ’levels nd. Ohio .. 29.54 58 .Cloudy Denver. Col 29.88 52 Cloudy I lodge Cltv, Kas.. 29.00 52 PtCldv ; Helena, Mont 29 80 42 PtCidy Jacksonville, Fla... 29 70 64 Clear Kansas City, M 0... 20.08 36 Clear Louisville, Ky 29.48 60 Clear Little Kook. Ark.. 29 62 62 Cloudy Los Angeles, Cal.. 29 96 32 Cloudy Mobile. Ala 29.74 66 Clear' New Orleans. La.. 29 78 70 Clear ! New York. N. Y... 20 78 3.S Cloudy Norfolk. Va. 29 62 68 Rain ’Oklahoma City .... 29.78 62 Clear Omaha. V■ b 29 66 52 Clear Philadelphia. Pa... 29 22 62 Cloudy Pittsburgh. Pa 29.50 62 Cloudv Portland. Or.' 29.82 32 Cloudy Rapid City, S- D.. 20.92 30 Clear ! Rosehnrg. Ore 29 88 3(1 Cion ly ’San Antonio, T(’\ns 29.76 70 Cloudy San Francisco, Cal 29.92 32 Cloudy ! St. Louis, Mo 29.4-8 60 ptCbl'y St Paul. Ml tin 29.40 30 Cloudy Tampa. Fla 29.76 74 Clear Washington, D. ('.. 29.62 66 Cloudy WEATHER CONDITIONS. I nscttlod weather with showers lias prevailed In the northern Red river valley. and from the Mississippi river eastward. In western seetlons fair weather lias been the rule. It Is warmer In the west Gulf region, and rooler over most of ilie northwestern and Pncltlc States. In custom sections the changes have not been decided and Hie readings are ne.-lr the seasonal normal. CORN AND WHEAT BCLLETIV For the twenty four hours ending at 7 a m , Thursday. May 18, 1922: semper | sture a ■■■ ■ Hi. Stations ot | _ ' Indianapolis | -c 24 j _§► District. ft I *- ffi ts R.: if = g’Hf T fc.luJS Soutli Bend .... 70 i 54 I 0 I Good Angola 64 | 53 I 0.09 | Good Ft. Wayne .. .. 06 i 50 j 0.10 | Good When! Held 71 | 52 0 | Royal Center ... 70 jSO j 0 | Good Marion 72 j 52 I 0 | Good Lafayette 71 54 | 0.05 | Good Farmland 70 j 51 i 0.15 | Good Indianapolis .... 69 j 53 j 0.01 j Good Cambridge City. 74 I 50 | 0.27 i Good Torre Haute 74 i 36 I O.Ofi | Bloomington .... 77 | 48 | 0 Good Columbus 75 i 52 ! 0.23 | Good Vliu-enm s 78 j 5.3 I 0 \ Good Paoli 72 |sl 1 0 | Good Evansville 72 i 58 1 0.02 j J hTakM INGTON. Meteorologist, Weather Bureau. INDIANAPOLIS PKODCCE. Eggs Fresh, 22(023e. Butter —Packing stock, 16017 c. Poultry—-Fowls, 190 t 23c ; leghorn I'ov.ls. 17c: broilers, 1 %02-Ih size. 45c: broilers under 1% lbs. 38c; leghorn broilers at discount; cocks, 13c; stags. 13c: young hen tucks, 8 IDs anil up. 50c: old tom forks, 25c; young tom turks. 12 llis up. 30c: cull thin turkeys not wanted: ducks, 4 lbs and up. 104417 c; geese, 10 lbs and up, 14c: squabs. 11 lbs to dozen, $5.50(5.6: old guineas, per dozen, $3 Butter —Local dealers are paying 33@ 30c per lb for butter delivered in Indianapolis. Butterfnt Local dealers are paying 35c per lb for hutterfat delivered in Indianapolis. CHICAGO PRODUCE. CHICAGO, May 18.—Butter—Receipts, 9.000 tubs: creamery extras, 35c; stand arils, 34%c; firsts, 31 (({34 c; packing stock, 18019 c. Eggs—Receipts. 23,000 ,-ases; current receipts, 23023%0; ordinary, firsts, 21 %@22c : firsts. 24024%0; extras. 2C%c: checks. 20%021c; dirties, 21((T21%o. Live poultry—Turkeys, 25c; chickens. 26c; springers. 40048 c; roosters, 14%c ; geese, 14030 c; ducks, 22035 c.

SWINE PRICES ABOUT STEADY Cattle Values Show Steady— Veals Are Lower. RANGE OP HOG PRICES. Good Good Good May Mixed. Heavy. Light. 11 . $10.65<® 10.75 $10.50® 10.60 [email protected] 12. 10.f1.Y ($ 10.75 [email protected] [email protected] 13. 10.750 .0.55 10 65010.75 [email protected] 15. [email protected] [email protected] [email protected] 16. [email protected] [email protected] [email protected] 17. 10.80@ 10.90 [email protected] [email protected] 18. 10.87 @10.90 10.70 @ 10.80 [email protected] Swine prices were steady generally In trading on the local livestock exchange today, but there were spots in the sales that were fully 5 cents lower than the same grade and kind would hax;e commanded on the market of the previous day. There were a few sales of mixed hogs at $10.90 that would haxe brought $10.95 yesterday, and similarily some of the heavy gwine looked lower. Hvixvever, there was a fair number of sales at sll, which was the practical top for the day. Bigs were again in good demand, bringing slo.Bs<fill. Stags and roughs were also wanted, and sold at prices that were steady. The bulk of the snles for the day ranged at $10.854410.90 and the cauge of prices for the day was $10.75@11. Trading was of a fair nature. Both packers and shippers displayed fair demands. A good clearance for the day was anticipated. Receipts ran close to 6,500 for the day. Cattle prices were slow steady to weak in spots, with the packing demand again rather slow. Receipts were light at 600, and ’he quality fair. Veals were 50 cents lower generally, due to a slack In orders. Eastern mar ket prices were lower, and this also had its effect upon the xveakness. Receipts ran close to 700. The quality was good generally. There was n top of $10,.'/* of choice venls. whilp the bulk of the good to choice veals brought s9.so(<ri, 10. With 25(i sheep and lambs on the market. the quality poor and the demand rather slow, prices were steady. A few springers sold at $14.30, which was the top for the day's trading. HOGS. 100 to ISO lbs. average $10.00^111.00 Over 300 lbs 10.656a 10.75 150 lbs. to 300 lbs 10.75(5.11.00 Best pigs, under 140 1b5.... 10.85&11.00 Top 11.00 Roughs 9.0058 9 50 Stags 6 50(0 7.50 Bulk of sales 10.85t510.90 -CuttleFew choice steers 7.85 Brime corn fed steers, 1,000 to 1.800 lbs 7.40® 7.65 Good to choice steers, 1,200 to 1.300 lbs 7.00® 7.35 Good to choice steers, 1,100 to 1,200 ibs 6.50® 6.55 Good to choice steers, 1,000 to 1.100 ll)g >. . . 6.00® 6.33 Common to medium steers. 800 to 1,800 llis 5.50® 5.25 Cows and Heifers— Good to choice heifers 7.50® 7 85 Medium heifers 7.00® 7.35 Common to medium heifers.. 575® 6.75 Good to choice cows 5.75® 665 Fair to medium cows 4.00® 5.25 Canners 2.50® 3 75 Cutters 2:50® 3.75 —Bulls— Fancy butcher bulls 5.50® 6.00 Good to choice butcher bulls. 5-1)0® 5.75 Bologna bulls 3.75® 4.50 Light bologna bulls 3.50® 4.00 Light common bulls 3.25® 3.50 —I si ves— Choice veals 10.00% 10 50 Good veals 9.00® 10.00 Medium veals 7.50®, 8.50 Common to henvvweight veals 7.00® 750 Lightweight veals 6.50® 7.00 —Stockers and Feeders— Good to choice steers under 800 lbs ' - 5 75® 700 Medium cows 2 s<>® 4 o** Good cows 3 25® 4.25 Good heifers . 5.75® 6 75, Medium to good heifers 4 50® 5.75, —Sheep and IjwnbN— Cull ew es .. 2 **** I to choice ewes 2.00® 4.50 Bucks 2 ootii 300 I ciiiqer limit S 8 INI® H* On Wool lambs I(U*>® 12.00i Springers 11.00(014.50 Buck lambs 4 50® 5.50 Culls 2.50®3 50

Other Livestock

j CHICAGO. May IS—Hogs—Receipts. 27,0i>>: market, strong to ltie higher: bulk jot sales. $10.55011: top. $11; heavies. I $10.0.V(/j 1090 ; mediums. $10.80(111: lights. - slo9o(ii 11 ; light lights, $10,750 10.80; | heavy packing sows, smooth. $0.05010.10; packing sows, smooth. #9.65*1.10.10; pack - | tug sows, rough. $9 40*49 75 : pigs, $9 300 1 10.25. Cattle— Receipts, lo.ooo; market, j steady to 17m- higher; beef steers, choice j and prime, $8 7.Vn9.25: medium and good, 1 $7.75 (1 8.75 : good and choice. $8 3509,15; I common and medium. $7 106(4.8.35; “butcher cattle, heifers. $5.9005.50; cows, $4.850 j 7.25; bulls, $4.5044-6 50; canners and eut- ! tors, cows and heifers, $3 65*44.85; ean- | nor steers. $4,754(15 75: veal calves, liglit | and handy weight, $*((410.25: feeder steers, j #6. 25*/;7.85 : stoeker steers. Me 7.75 ; stock | .-r rows and lteifers. $4.250 6,25. Sheep j and lambs—Receipts, 11.600; market, slow ; and lower; good to choice lambs. slo*f 12(‘o: cull and common lambs, s7<ut(>: ; springers, s!:’.*( 11.75 ; yearlings. $8,256(6 10.50; ewes. $1.0007.25; cull and common i owes, $2*44.50. I CINCINNATI. May 18—Hogs—Receipts, 4.200; market, steady to 10 cents 1 higher; heavies. $11; mixed, $11014.1(1; 1 mediums and lights. $11.1(); pigs, $10.50; I roughs. $9; stags. $5.00445.75. Cattle - ! Receipts, 500: market, steady; bulls, j steady; calves. sll. Sheep and lambs--I $5.50(i{6.7i0; choice lambs, $16.50; seconds, | #li (dll- culls. S7OB. 1 CLEVELAND. May IS.—Hogs— Re--1 cclpts. 6,000; market, in cents lower; | Yorkers. $11.15011.25: mixed, medium and pigs. $11.15; roughs, $8.50; stags, $5.50. Cattle Receipts. 450; market, i steady; good to choice steers, $5.2508.7.1 ; ■ good to choice heifers, $6.50*47.50; good to choice enws, $5.50*4,0.50; fair to good cows, ss *{6; common cows. $36<J4; good to choice bulis. s6rd7; milkers... $35*475. Sheep and Lambs Receipts. 1.000; market. slow; top. $12.50. Calves— Receipts. 500; market, steady; top. $11.50. EAST ST. LOl IS. May 18. Hogs Reeelpts, 10.000; market, 5 to 10 cents higher; mixed and butchers, SIO,BOO 10.90; good heavies. $lO 80*4 10.85; roughs, $9.10*19.25; lights. $10.804410.90: pigs. $106(4 10.80; bulk of salt's. $10.806(410.*5. Cattle—Receipts, 2,000; market. slow steady to weak; native beef steers, $8.50 (U 9 15; yearling steers and heifers. $8 05 60 9.10: cows, $500.75; stock era and feeders. SS(O 7.10; calves. $56010.25; cauners and cutters. $3.2560.4.50. Sheep and lambs—Receipts. 500; market, steady; mutton ewes. $4447.25; good to choice lambs. $11*412.50: canners and choppers, $16((3; springers, $14(015. EAST BUFFALO, May 18.—Hogs—Re ec i.'t" 1 *ioo; market. active; yorkers. [email protected]; pigs, $11.50 down; mixed, oia.—ao n .io; hcaties. $11.20011.-10; rougas sß*{(l.2a; stags. $506. Cattle Receipts. 200; market, slow: feeders, $607; shipping steers, $808.75; butcher grades, $7.25 (0 8.25: heifers. $5.500 7.75; cows, $2,500 6.50; bulls. S4(O 5.50: milk cows and snrlngers. $4.50 25. Calves—Receipts. 500; market, active: cull to choice, $4011.50. Sheep and lambs—Receipts. 1,000; mnrket. slow; choice lambs, $12.504413.50; cull 1 to fair lambs, $6012; yearlings, $7011; - sheep. $360 4.50. , I PITTSBURGH. May 18.—Hogs—Re- | •cclpts. 3,000: market, 5 cents higher; prime heavies. $11.10011.15; mediums, 1 ! $11.35011.40: heavy and light yorkers land pigs, $11.40; roughs, $808.35; stags,! $505.25: heavy mixed, $11.20011.25, Cattle —Receijits, 100; market, steady; choice, $8.8509.25; prime. $8.60(09; good, SBO 8.50: tidy butchers. $7.5008.25; fair, $6.5007.25; common, $306.50; common io good fat bulls. $306.50; common to good fat cows. $306.50: heifers, $5.5007.50; fresh cows and springers, $35075; veals, $11.50; heavy and thin calves. $5.50*4 8.50. Sheep and lambs—Receipts, 500; market, steady: prime wethers. $7.5008; good mixed, $707.25; fair mixed. $506; j culls and commons. $204; good to choice. ■ $12012.50; springers. sl6. CI.E4 ELAND PRODt CE. CLEVELAND, May 18. Butter— Extra. 400 401/31’; prints. 41041%c; firsts, 390 39%c; packing stocks, 1601 Sc. Eggs— Fresh, 29%c: Ohio firsts. 25%c; Western firsts, 25c. Oieo nut, 21@22c; high grade animal oils, 22@22%c; lower grades. 160 17e. Poultry—Live, heavy fowls, 26@27c; roosters, 16017 c; broilers, 40035 c.

Find Boys Caused $200,000 Fire Laid to Labor Leaders CHICAGO, May IS.—Fire at first attributed by polit . to labor larders fighting the Landis wage award, which caused $200,000 damage to an apartment building, was caused by three boys, detectives declared today after a more Complete probe. Three boys had been building bonfires near the building and fled when the flames spread. Chief of Detectives Michael Hughes anounced. The boys have not been arrested.

CONGRESS IS PLEASED WITH COURT RULING Members Welcome Rebuke to Growing Practice of Transferring Functions. Special to Indiana Daily Times and Philadelphia Public Ledger. WASHINGTON, May 18.—Nowhere is there livelier satisfaction than in Congress over the action of the United States Supreme Court, in declaring the childlabor law unconstitutional. Senators and representatives are not hostile to that beneficent s'atute. but they welcome the rebuke now given by the highest tribunal to tne growing legislative practice of transferring State functions to Federal Jurisdiction. The "maternity bill" and ihe proposed education act are pilloried by many members of both Houses, as projects destined, some day. to meet the fate of which the child labor law has just fallen afoul. BOSTON PLANS FREIGHT LINES BY AIRPLANES Predicts trans - Continental Passenger and Commercial Carriers. PORTLAND, Ore.. May IS.—Carrying both freight and passengers, mammoth air liners will, in the not-far distant future, be placed in service between New Y'ork. Chicago, San Francisco. Portland nnd Nexv Orleans, according to Merle Thorpe, editor of Nation's Business, (he official publication of the United States Chamber of Commerce. Thorpe who stopped here while touring the country to survey general business conditions declared business is looking up." lite’-ally. as wel las figuratively. He stated the formation of a $250,000,000 corporation in Boston. xvh>h will establish the mentioned air service, is only one indication that "business Is looking up.” judging from his extensive survey of conditions from coast to coast. He asserted that contracts already have been awarded for the construction of two giant lighter than-air fliers. whi>i will be capable 0 fcarrying 7<Mt tons of freight nml 500 passengers, and which will be powerful enough to maintain a speed of not less than 100 miles an hour. "These first two planes will be placed In service between New York nnd Chicago.” said Thorpe. "Plans of the company call for the construction of nine other machines for service between t'hi•ng'o and Ban Francisco with feeders to New Orleans anil Portland.

COMPETITION IN AIR LANES. "Within a very short time business will have to adjust itself to ‘look to the nir.' for there are other phases of air development that are demanding attention. There should be no time wasted In controversies between railroads and bus lines, for the nml competition is coming in the air lanes. "Another dramatic incident in development of air channels Is the wildfire growth of radio-telephony. Already there are 600,006 radio telephones in use in tbe country, and some program of franchises of the nir must be worked out to prevent some trust gaining a monopoly. Seven years from now 1 pro diet that every family in the United States will be able to hear the Inaugural address of the President. Business must be ready for this development and the development of aerial carriers." Toy Making Rebuilds Shell-Shocked Vets WASHINGTON. May 18.—Shell shocked war veterans can be cured by putting them to work making toys. So declares Edward G. MeOandish. a war veteran himself and well known as a portrait painter and Illustrator of children's books, who has formed such a class at the St. Elizabeth's Hospital here. This method of curing afflicted veterans, the expounder of the theory nx-evs, tends to develop the Initiative of the patient, usually lacking. "The patient." MeOandish explains, "is 'exposed' to the influence of the busy shop atmosphere, the bright, even gaudy, colors used in painting the toys, am gradually encouraged to take hold of the work with as little obvious direction as possible." McOandlsh's experiment is being watched with close interest. •MAY-WALKERS” FINED. VIENNA, May 18.—-“ Jay walkers"— pedestrians who cross streets between corners are being arrested by the wholesale and heavily fined. Recent motor accidents caused the crusade.

Wireless Now Proof Against Eavesdroppers BOSTON. May 18. -Secrecy In wireless receiving has at last been achieved aeeoriling to local experts. Anew appliance, applicable to both wireless telephony and telegraphy, has been invented by John Hay Hammond, Jr., inventor. By this invention, it will he impossible, according to liammomi to eliminate all listening in on messages, being received by only suck stations as they are Intended for Up to this time any station tuned to the wave length of the sending station oo*u I<l "listen in." The United States Government is said to have watched demonstrations of the invention and found it practical. Dr. E. Leon Chafee, professor of physics. Harvard, who has been working with Hammond on the new wireless appliance, said the system is simple and based on the principle of producing characteristic waves to which only specially equipped receivers are receptive*

'US' Unlisted Stocks SELL See Local Curb Market. 415 Lemcke Bldg.] IUUiJ

MAY 18,1922.

LUMBERMAN DYING FROM LUNG WOUND Mysterioifs Shooting at Home of Millionaire Thornton, Society Leader. CHICAGO, May IS.—Mysteriously shot last Tuesday afternoon and the affair kept secret. Edward L. Thornton, millionaire lumberman, was reported dying at the Grant Hospital today. Mr. Thornton was wounded in his left lung. The shooting occurred at the luxurious Thornton home, scene of man; brilliant social functions. Members of the Thornton family refused to gix'e the police any information regarding the shooting. Servants adopted a similar attitude. Dr. Walter Stuhr. attending the dying lumberman, said the family told him that the shooting came accidentally while Dr. Thornton \vi*s making ready for a hunting trip. Friends of Mr. Thornton said that recently he had been morose. They ascribed it to recent business deals, out of which resulted in suit for an accounting from Mr. Thornton. ATTORNEYS IN BROOKS CASE LEAVE CLIENT Notation by Judge Ewbank of State Supreme Court on Appeal. Frank 8. Jones, former mayor of Columber, and Marshall Hacker, former judge of the Bartholomew County Circuit Court, were referred to in a notation by Judge Ewbank of tbe Indiana .Supreme Court, when they asked to withdraw as attorneys for Ben Brooks, convicted Jackson County murderer, whose sentence to electrocution. May X. was stayed six months p-ending the appeal. "If appeal has no merit.” the notation says, “services should not have been undertaken, or it should be dismissed on the discovery of that fact If appeal has merit tfie ciient should not be abandoned because of contract for payment of fee not being performed after appeal has been taken and stay of execution obtained.” In their petition. Hacker and wanes said they took tho necessary steps to bring <he case to the Supreme Court, on the representation of Sylvester Brooks, father of the condemned man. that he would pay a fee of $250 to Hacker and Jones as soon as he was released from the State farm where lie was sent after cot .fiction on n charge of stealing chicken!,. The elder Brooks, according to the Columbus attorneys, failed to comply with his agreement, after the appeal had been filed and the stay of execution granted, and they notified him of D’eir intention to withdraw, and filed the petition with the clerk of the Supreme Court. Negress Alleged Nareotic Violator Emma Whitney, 22, nogress. 321 West Vermont street, was arrested at the Union Station today by Federal officers when she got off a Louisville train. Bhe is charged with violating the narcotic act. She carried a small traveling bag in which powders and tablets were found. She told the police she had been sent to Louisville after the dope by Flossie Dunn, 30. negress. 412 West Vermont street. The Dunn woman was later arrested by detectives ami is being held on a vagrancy charge pending the outcome of the Federal investigation.

Navy Again Ready to Take_ Recruits The local Navy recruiting station. 402 Federal building, received orders from tbe Bureau of Navigation today to start enlisting men immediately for first enlistments. The minimum age is 18 year*. Word has been sent to the substations over the State and active recruiting starts today. The recruiting station has been closed for about six months. Government Will Sue for 9 Millions WASHINGTON. May 18.—'The Government will file in the Federal Court at Detroit, within a few days, a hill to enforce the payment of the Government's claim for more than $9,066,060 against the Lincoln Motors Company of Detroit. Attorney Genera] Daugherty announced today. The receiver of ihe mo ter corporation refused to allow the validity of the Government's claim. Telephone Lineman Injured in Plunge Dewey Moon, 1114 Congress avenue, a telephone lineman, was Injured seriously today when he fell twenty-five feet from a telephone pole on which he was w orking. Dewey received a slight shock when he grasped a cable with one hand and a bracing wire with another. He lost his balance and fell, witnesses said. The accident occurred on East New York street near Keystone avenue. 8 Dead, Including 5 Sinn Fein Gunmen BELFAST, May IS—Eight persons. Including five Sinn Feinn gunmen, were killed in pitched battles anil bombings here today. Police and military are making a house to house search of the Republican quarter for gangsters who invaded the Musgrave police barracks, murdering a constable. Face Down in Pool of Blood; Stabbed FAYETTEVILLE, 111.. May 19.—Lying face downward in a pool of blood, the body of Mrs. Josephine Schmidt. 39. was found in a barn by Mrs. Katherine Frerking. with whom the dead woman made her home. Mrs. Schmidt had been stabbed to death, examination by neighbors whom Mrs. Frerking summoned, revealed. HERMAN TRICHLER DIES. BROOKVII.LE, Ind., May 18.—Herman Trickier. 75, a prominent dottier here. Is dead after a brief illness from heart trouble. A daughter survives. STEAL 565 ACCESSORIES. An automobile top, worth $45. was stolen from an automobile belonging to Earl Lindley. 1746 South Keystone avenue, yesterday. The timer, valued at WHISKY IN BUCKETS. LONDONDERRY, May 18.—Raiding a local distillery, men carried whiskpy away by the bucket-full. Several of the raiders died later ns the whiskey had not matured.