Indianapolis Times, Volume 35, Number 10, Indianapolis, Marion County, 23 May 1922 — Page 10

10

STOCK TRADING ON LARGE SCALE ALL ALONG LIST First Hour Conspicuous for Execution of Buying Orders. OUTSIDERS ARE ACTIVE Bpeclsl to Indiana Dally Times and Philadelphia Public Ledger. BY MONITOR. NEW YORK. May 23—Trading in storks on the first day of the new week was again on a large scale, with a turnover well above a million and a half shares. The first hour was conspicuous for activity on the execution of buying orders from outside sources which were scattered throughout the list, and divided among rails, industrials, oil and some of the specialties. Although there is an underlying optimism regarding the near future of the rails in the expee-ation that no drastic cut in rates will be made until some assurance is given railroad management in respect to wages, the day's market furnished no exceptional upward movement in this group unless the sharp rise in Erie should be so regarded. The strength in Erie is more or less of a puzzle, but It is beleved to have more behind it than pool activity. Trading in the steels and equipments was on a high scale, but these operations resulted In nothing of an unusual character by way of advances. Midvale was about the sole exception, with a gain of two points on transactions of nearly 100.000 shares. The coppers were firm within a com- , paratively narrow range. The oils were mere active than at any time in the last week, and toward the close Transcontinental was rushed across 20 on a heavy volume of trading. Phillips Petroleum and Sinclair also were active, but made i little headway on the day. Among the strong specialties were ! Computing, Tabulating and Recording, 1 American Ice. Stewart Warner and Railway Steel Springs. Sentiment throughout the street is bullish. Developments in the steel industry are considered encouraging, copper prices continue to harden, with sales on a large scale. The outlook for the settlement of the coal strike and the New England textile dispute is considered brighter. No special significance is attached to > the rise in call money to 5 per cent. — Copyright, 1922, by Public Ledger Com- j pany.

WALL STREET GOSSIP

B.v MONITOR. NEW YORK. May 23.—Reaction In •tocks In the last half hour or so of trading yesterday was a direct reflection of the sharp advance in call money rates to a basis of 5 per cent. 7 nited States Steel at 102% was in new high ground for the year. Asa matter of fact, steel had not sold at this price since 1920. Coppers are still firm on continual improvement in the export metal market. Copper for export is now held at 13%c here, and there is a disposition to look for a 14c market for large lots. The demand is exceptionally strong and is making heavy inroads into surplus storks. It Is estimated that copper takings so far this month amount to aubut 100,000,000 pounds. Allied Chemical was strong and active keic in the early irading and worked within a narrow fraction of the year's high. It is believed that earnings during the first quarter should show a balance of about $.3 per share or better for the common stock. Equipment stocks in general are strong. ■ s a reflection of the ir.t- i:tion expressed at the White House dinnc of taking further steps to put railroau operations on a more effecient basis. This is taken as pointing to further purchases ot equipment and locomotives by the roads. Baldwiu Locomotive is working along steadily and business is report-® as very good. However, at the directors' meeting next Thursday it is not believed that anything but the regular 3'? per c<mt semi annual dividend will be declared. The quarterly report of the Delaware, Lackawanna A- Western showed a surplus, after taxes and charges, of $3,777,PSH. as compared with $5,678,C91> in the first quarter a year ago. It is reported that the basis of exchange for securities of the National Sugar Company and the < nban-American Company will net stockholders of the National one share of common and one share of preferred in Cuban-American for each share of National held. While this deal has not yet been completed, it is expected that final details will be announced within a few days. Accompanied by the customary statement of consistently good business, Studebaker advanced above 12" in the morning movement . This might be considered anew high because of the I*4 per cent dividend recently deducted from the market price. It is learned that the 41,000 shares of National Bank of Commerce recently purchased from two life insurance companies b.v a local syndicate will be offered at 207. The Boston & Maine report for the first quarter gross earnings of $1K.5tr7.962, an increase of $204,124 over the same period a year ago. Net earnings after payment of taxes was $1,753,140. an increase of $4,762,543. The deficit after all charges was but $521,861. this making a decrease in the deficit of $4,657,119. New Haven. Erie and St. rani continued to lead the rail group. Much of the buying of New Haven and St. Paul is ascribed to a banking group, which hag been accumulating these st'oct s j n large blocks. Street gossip on New Haven is very optimistic, and in some quarters there is a disposition to believe that the stock may t oiirh ftO on the move. Following his statement in New York. President J. A. Campbell of the Youngstown Sheet and Tube made a full denial in Youngstown of the Bethlehem-loungs-town merger rumors. The Hudson Motor Car Company has Initiated dividends at the rate of 50 cents per 6hare. Recently, when the Hudson and Essex Motor Companies were rombln.vl. It was stated that dividends would be inauguarated in June on the basis of $2 per share annually. The compar.v is doing a very good business at the present time and reports record-breaking sales. Transcontinental Oil reports a well flowing 1.600 barrels per day in the Creek County fields of Oklahoma.—Copyright, 1622, by Public Ledger Company, INDIANAPOLIS TRODI'CE. Eggs—Fresh, 22@23e. Butter —Packing etock, 16®17-\ Poultry—Fowls. 19®23c; leghorn fowls, 17c; broilers. 1%®2-Ib size, 45c: broilers under I s * lbs’. 38c; leghorn broilers at discount: cock*, 13c: stags. 13 ■; young hen turks. 8 lbs and up. 30c: old torn turks, 25c: young tom turks. 12 lbs up. Sec: cull thin turkeys not wsnted: ducks, 4 lbs and np. 16® 17c; geese. 10 lbs and up, 14c; squabs. 11 lbs to dozen, $0.50®6; old guineas, per dozen $3. Butter—Local dealers are paying 35® *c per lb for butter delivered’ In Indianapolis. Butterfat—Local dealers are paying 35c rer lb for butterfat delivered in Indianapolis. CHICAGO PRODITE. . CHICAGO. May 23.—Butter—Receipts, 17.000 tubs: creamery extras. 34e: firsts. Sl'jSKljc; packing stock. 18®19c. Eggs —Receipts. 5.500 cases; current receipts, C3®23%r; ordinary firsts. 22®22%e: firsts. 26%®26%c: checks. 20®2t)%c; dirties. 21 Ci2l%e. Live poultry—Turkeys, 25c; chickens. 23c: roosters, 15c; geese, 2264 80c; ducks, 22®35c,

/V. 7. Stock Exchange

(By Thomson Sc McKinnon). —May 23 Am Ship, etc 175s 16% 17% ... Ajax Rubber .. 17% 17 17 17% Allied Chemical. 69% 68% 68% 68% Am Beet Sugar 44% 44 44 44% Am Bosch .Mag 46 46 46 40 * Am Can 45% 47% 48 48 Assd Oil 128% 123% 126 124% Am Ice 110% 109 109 109 Am U & L pfd 70% 70% 70% 70% Am Int Corp.. 48% 48 48% 48% Am Loco 115 lit 114% 114% Am Steel Fund 38% 38 38% 38% Ain Smelt A Kef 66% 65 65 65% lAm Sugar Kef.. 76 75 75 % 76 Am S lob Cos.. 36% 36% 36% 36% Am Tel .V Tel. .123% 123% 123% 123% Am Tobacco ..141% 141 141 141% Am. Wooten 65% 62% 62% .92/* Anaconda 55% 55 55 55% Atchison 10l 100% 100% 100% Atl. Coast Liue.llH% 102% 104 102% All. Gulf A W.I. 38% 37% 38% 37% Austen Nichols. 2*9% 28 28% 28 Baldwin L0c0..117% 110% 116% 117% B A 0 49 48% 48% 48% Beth. Steel <B). 78% 7.B'* 78% 78% Brk. Rap. Tran. 26% 2i 23% 25% Cal. Pete 58% 57% 57% 57% Can. Pae. Ky.,.143 141% 141% 142% Cent. Leather... 40% 59% 39% 40 Chandler Motor 75'j 75 75% 75% A 0 67% 67 67 % 67% C M&St P com 28% 28 28 2&% C.M. A St.P.pfd. 45% 44% 44% 45 Chi. A X. \V\... 75% 75% 75% 75% C. R 1. A P... 46 45% 45% 45% C.R.LAP.6'3 pfd.. 83% 82% 83% Chili Copper 22% 22% 2:% 2^% Comp. vV lab... 70% G*‘ l 4 69^ duett A Pcabdy 56 55 66 55 Chino Copper... 31% 31 31% 31% Columbus Gas.. 88% 88 88 88% Coca Cola 59% 58% 58% 68% Col. Fuel & I . 35 35 35 30 Consolidated G. 117'* 110% 110% 117% Continental Can. 66% 60% 66% 60% Corn Products.. .101 % 100% 101 101% Crucible Sleel.. 75% 74 74 73% Cuban Am. Sg... 25% 24% 25 24% Cuban C. Sugar 17 16% 16% 16% Dela. A Lack 129% 129% 129% 129% Dome Mines ... 28% 28% 28% 2s Erie 18% 17 18% 16% Erie Ist pfd.... 27% 26 26-;* 25% Kndicott and J. 84 84 84 84 Famous Players .83% 82'% 82% s2'% Fisk Hub. C 0... 18% 18 18% IS Gen. Asphalt .. 64 62% 63% 62 Gen. Cigars ... 73% 73% 73% 73% Gen. Electric ..165% 164% 164% 165% Gen. Motors .. 14% 14% 14% 14% Goodrich 42 41% 41 Vi 41% Gt. North, pfd. . 78% 77% 77% 77 % Gt. North, ore. . 41% 40% 40% 41% Gulf States S. . 84% 83% 84% 85% liupp Motors .. 20% 20% 20% 20% Houston Oil .. 80% SO% 80% 80% Illinois Central.lo7 106% 190% 100% ludiahoma 4% 4% 4% 4% In. Copper 42% 42% 42% 42% Inter. Nickel ... 18% 18 18% IS Inter. Paper ... 51% 51 51 61% In. Oil 18% IS 18% 18 Keystone Tire .. 22% 2i% 22 2% Kelly-8. Tire .. 51% 50% >•*% 51% Keiin. Copper .. 38% 38 3 s 1 3 3'% Lack. Steel 78 1 3 77% 78 78 Lee l ire A R. . 34% 34 34 34% Lima Loco. ...112% 310% H 2% IV % Lehigh Valley. 04% 64'* 61% 61 Loews, Inc 6. 17 16% 10% 16% Martin Parry.. 33 32 % 32% 33 Marine com 24 23% 23% 24'* Marine pfd 83% 83% 83% 83% May Stores 116% 116% 116% IIS Maryland 0i1... 32% 32 32 32% M* x Petroleum. 133% 133 133% 133 Miami Copper .. 30 >. 30% 30% 50% Maxwell A 72 % 72 72% 71% Midvale Steel... 44% 42% 42% 43% Mis. I*ac. Ky... 24% 23% 23% 24% Mis. I’ac. pfd... 57% 57% 57'* 57% Mont, and Ward 21% 23% 23% 25% Nat. Lead 91 93% 64 Nevada Copper . 18% 17% 18% l'% N. V. Central... 91 90% 91 91% New Haven 34% 33% 33% 3;% Nor. A West.. 108% 107'* 107% 107 -t* Nor. Par 78 77% 77% 77 (‘wen 80tt1e.... 37 30% 36% 30% Pro. A Refiners. 43% 42% 43 44 Pae. till 65 1 * 64'* 65 64% Pan.-Am. Pet. .. 66% 64% 65% CO% Penna. Uy 42% 40% 4"% 41% People’s tias.... 80 N5 85% 80% Per- Marquette 35% 33% 55% 55 Pierce Arrow... 20% 19% 19% 19% Pierce Oil C 0... 10% 9% 10% lo Pull. Pai. Ca- .122% 122 * 122 125% Pure Oil 32% 32% 22% 52% R, Steel Spg..l<*3% 105% 103% 105 Reading 60% 79% 8% 80% Rep. Iron A Stl. 78 75% 77% 72% Replace Steel.. 56 31% 34% 30 Roy. D. of X. Y. 63% 02% 62% 05% Sears Roebuck. 78 77 77 77V* Sinclair 37% 35% 36% 30% Superior Steel.. 37% 57 37 .37 floss S. S. A 1.. 50% 50% 50% 01 South. Par 7 92% 92 92% 92% Southern Itv 25% 25 25 24% St LAS \V Itv 32 31% 31% 31% Stand. O. of Cal.. 117% 14', 115 117% S. O. of N. I. 192% 189% 189% 191% St LA S Fc ,m 30% 30 30 30% Stewart A W 43', 42% 42% 43 Strom Cark.... 54 53 53 53% Stud, baker 123% 121% 121% 122% Tex. Gas A Sul. 46 45% 45% 40 "Vx. Coal X Oil. 30% 29% *29% 30 Texas Cos 50 48 % 49% 4'* Tex. A Pac 35 34 34 34% Tobacco Prod.. 74 72% 72% 73 % Transeont. Oil. 19’, 19 19 20 I iiion Oil 22% 22 22 % 22% I’nion Pacific. ..140% 139% 139% 14" I'nited Drug.... 78% 78 78% 70% I S. R. S;o r 't .. 68% 66% 67 67% 1 .S.lndus. Alco. 7.4 7*3% 55% ol V. S. Rubber. .. 64% 64 64 64% !'. S. Smiting.. 44% 43% 43% 44 r. s. steel 102 100% 101% lilt 7 , F. S. Steel pfd.. 118% 11H% 1 i H% 118% Utah Copper 69 68 k% s fan Steel 50% 50 50 51 Wabash 12% 12% 12% 12% Wabash Ist pfd. 33% 32% 52% 35% Worth. Pump.*. 52 52 52 52 West. Pacific 2% 22% 22% 22 W est. Electric.. 671 62% 62% 02% White Motors... 49 45% 45... 49 Will vs Overland 8% 8 B'* 8% White "il 10% 6% -6% 10% Win. Central 29% 29% 29% 29 Wilson A C 0... 46 46 40

NEYV YORK LIBERTY BONDS. - May 23- - I’rev. High. Low. Close, close. L. B. 3%s ItXUH 99.04 99 96 99.91) L. B. Ist* 4s 99.7) 99.50 L. B. 2d 4s 96.70 99 00 L. ft Ist 4%s 99.92 99.84 99.86 99.04 L. B‘. 2d 4%s 99.78 99.72 99 7') 99.76 L. B. 3d 4%5.... 99.94 99.90 99 90 99.94 Victory 3%s 100.02 Victory 4%s 1"0%2 100.78 100.80 100.82 CHICAGO STOCKS. (By Thomson & McKinnon). —May 23Open. High. Low. Close. Am shiphulid.. 9 ... ... ... Armour Sc Cos pf 96% 97 96% 97 Armour Leath.. 12% ... ... ... Armour L pfd. 85 Case Plow 4% 4% 4% 4% C C & C R pfd 8% 8% S 8 C Kiev R pfd.. 8 8% 8 8 Cudahy 65% 65% 65 66 Com Edison ..130% 131 130% 131 Cont Motors ... 8% 8% 8% 8% Deere Ac C<> pfd 79 79 78 78 Diamond Matchll6 Earl Motors ... 4% 4% 4% 4% Libby-McNeill . 2% 2% 2% 2% Mont Ward ... 24 24% 23% 23% Nat. Leathar.... 2 2% 2 2V4 N Leal her Knew 8% 8% 8% 8% Pick Ac 27 Pig Wig “A”.. 45 45 44 % 45 Quaker Oats .. 93% 96 95% 96 Reo Motor ... 24% 24% 24% 23% Stewart-W 43 43% 42% 42% Swift Sc Cos 103 103% 103 103 Swift Inti 20% 20% 20% 20% Thomp (J. R.) 49% 49% 40% 49% I'nion C A Car 57% 58V* 67% 68% Wahl 54% ‘ cm/wycmfwyemfwyp vbgkqnifwvpnnnnl Wrigley 102% 103 102% 103 Yellow Taxi ... 73 73 % 73 73% NEW YORK WOOL. NEW YORK. May 23.—W00l prices were firm in trading on the market today. Domestic fleece, XX Ohio, was quoted at 38®50c per pound, domestic pulled, scoured basis, at 50c@$l and Texas domestic, scoured basis, at CV® $1.15. NEW YORK TURPENTINE. NEW YORK. May 28—Turpentine was easier in trading on tho tnarkot hore today, selling at 95c per gallon, whereas on the market of the previous day it was quoted at 97c. NEW YORK HIDES. NEW YORK. May 23.—Hide prices were steady today, with trading ot a fair nature. Branded steer hides were again quoted at Lie ami '■ o stoer tidc3 at 13%c. NEW YORK PETROLEUM. NEW YORK, May 23. —Petroleum prices were steady in trading on the market here today, Pennsylvania crude petroleum telling at $3.26 per ba ueL

STOCK MARKET TONE IRREGULAR Republic Steel Shows Gain of 5 Points Before Close. NEW YORK, May 23.—The market closed irregular today, some issues rallying again from the low levels, while others closed near the tottom. I'nited States Steel, after falling to 100%, rose to 101%. Republic Steel continued in large demand, showing a gain of over 5 points at 78. Kelsay Wheel was another strong feature, advancing 5% points to 99. Standard Oil ofg New Jersey yielded nearly 3 points to 186%. New Haven fell over 1 point to 33, while New York, Chicago & St. showed a gain of nearly 4 points at 75%. Government bonds were unchanged and railway and other bonds strong. Total sales of stocks for the day were 1,421.000 shares. Bund sales for the day were $14,996,000. (By Thomson & McKinnon.) —May 23. Buyers predominated at the opening of the market this morning, commission houses being supplied liberally with orders for a considerable varie'ty of stocks, a few of the independent steel companies, which have been prominently mentioned in connection with mergers, occupying the place of prominence with Republic as leader in this group. Later in the day, there was a good deal of irregularity, as a result of profit-tak-ing in the industrial list. Ralls held fairly well. Erie again being a feature, both from the standpoint of volume and advance. This suggests a thought that we referred to in a previous letter, calling attention to the many inconsistencies in the market at this time. Erie moving forward so briskly naturally calls for some reason. The question naturally arises, why buy stoc_ks in a company that is capitalized at $175,900 per mile In preference to a stock like Wabash at $86,000 a mile or Missouri Pacific at $55,000 mile when there is only a moderate difference in the prices. But this very fact illustrates the point that the market has attained a momentum which makes it easy to move any stock with a minimum of effort and suefi a condition always makes it advisable for a conservative man to begin to reduce commitments and accept profits. TWENTY STOCKS AVERAGE. NEW YORK, May 23.—Twenty industrial stoeks Monday averaged 04 86. up .21 per rpnt. Twenty active rails averaged 86.17, up .04 per cent. CLEARING HOI SE STATEMENT. NEW YORK, May 23.—Exchanges, $900,600,000; balances. $65,700.000; Federal Reserve Bank credit balances, $45,300,000. Money and Exchange i Indianapolis bank clearing* Tu*day were $2,667,000; and debit*. Ss.ooi.Csx). NEW YORK. May 23—Demand Sterling was quoted at $4.45 in trading on the foreign exchange market today. Franc rubles w-re 9.03 c; checks, 9.02%. Lire ealdes were 5.12 c: checks. 5.11%c. Belgian francs cables were 8 34%c; . hecks, 8 53%c. Marks were .0033%c. Guilder cables were 38 87ic; checks. 38.80 c. Swedish kronen ealdes were 25.64 c; checks. 25.89 c. Norway kronen cable* were 18.18 c; checks. IS. 13c. Denmark kronen cables were' 2134 c; checks. 21.29 c. MOTOR SEC PRIVIES. (By Thomson A Mi Kinuou) —May 23—Closing I’.:. I Ask E: rl Motors 4% 4% , Packard com 14% 15 i Pa'Kurd pfd 90 91 j Peerless 45% 40% i Continental Motors e>tn s’* 8%! Continental Motors pfd B>i 92 liupp com . . 20% 21 I Hupp pfd 9s ltrt Iteo Motor Car 24% 21% j Elgin Motors 2% 3 Grant Motors % % Ford of Canada 380 3*5 Federal Truck 19 21 Paige Motors 21 22 Republic Truck 8% 6 ACTIVE OIL STOCKS. (By 7L ouison A McKinnon.) —Opening Bid Ask Anglo-American Oil 20% 20% Borne-Kcryuiser 301 3sn Buckeye Pipe Line 97 99 Cheeelirough Mfg. Cons 190 2*K) Continental Oil. Colo 140 145 Cosden Oil and Gas 5 S Crescent Pipe Line 35 38 Cumberland Pipe Line 135 145 Elk Basin Pete 9% 9% i Eureka Pipe Line 96 too Galena-Signal oil prof 105 110 j Galena-Signal Oil, com 187 191 Indiana Pipe Line 93 96 . Merritt ull 12% 12% Midwest Oil 2% 3 j Midwest Itfg 3% 4 National Transit 29 30 | New York Transit 175 IsO I Northern Pipe Line 106 109 . Ohio oil 315 320 I Penn Mex 26 30 i’rairie OH and Gas 620 630 Parirle Pipe Line 225 228 Sapulpn Refg 4% 1% Solar Refining 350 370 Southern Pipe Line 101 lot South Penn Oil 217 225 Southwest Penn Pipe Lines.. 60 65 Standard Oil Cos. of Hid 110% 110% , Standard Oil Cos. of Kan 550 570 Standard Oil Cos. of K v 8.3 83% i Standard Oil Cos. of Neb 1101 200 i Standard Oil Cos. of N. V. ..407 413 Standard Oil Cos. of Ohio ....4(0 480 Swan A Finch 30 40 Vacuum Oil 425 435 Washington Oil 20 35

NEW YORK SI GARS. NEW YORK, May 23. Raw sugars were firm in trading on tho exchange here today, with trading fairly active. Cubns wort quoted at 1.07 e per pound, duty paid, and Porto lUeos at 3 86®t.0|,> per pound, duty free, delivered. Refine.l augurs were also firm, fine granulated selling at 5.30®5.50c i r pound and No. 1 soft being quoted at 5.20®5.50c. NEW YORK COFFEE. NEW YORK. May 23—Coffee values were steady in trading on the exchange today, opening options being 1 to 2 points higher. Rio No. 7 on spot sold at 10 7 i ®lle. NEW YORK RICE. NEW YORK. May 23.—Rica was rather quiet in trading on the market today, domestic again being quoted at 3%®7%c per lb. NEW YORK METAL MARKET. NEW YOXtK, May 23.—Copper—Firm; spot to June. 12% 13%c. Lead—Steady; spot to June. 5.40 c bid. Spotter— Steady ; spot to June. 5.18®5.2(V. STANDARD OIL OF INDIANA. Sales, 22,000 shares. Open, HO- - )*; high, 112%; low, 110 j close, 110%. Champion Snake Story From Ohio OLD WASHINGTON, Ohio, May 23. This Guernsey County village again comes to the front with a big snake story. J. Adler Cunningham found a snake six and one-half feet long on the Guernsey County fairground. Tho snake was of the variety known locally as the bia<-k woraper. It Is believed to be the biggest snake found in Ohio this year. Woman Shot Twice as Officers Fight NASHVILLE, Tenn., May 23.—Mrs. Mary Williams, employed at a news stand In .the heart of the retail section here, .was shot twice and probably fatally injured today when a deputy sheriff find at a Federal prohibition officer. Mrs. Williams was shot *' - ough the chest and In the hand. WOMEN FOR SI’XDAY GOLF. BIRMINGHAM, England. May 23. Women golfers have presented a petition demanding that they be permitted to play Sunday golf on the municipal lulnks.

INDIANA DAILY TIMES

Weather

The following table shows the state of the weather at 7 a. m., May 23, as observed by U. S. Weather Bureaus: Station. Bar. Temp. Weather. Indlaaiapolis, Ind... 80.06 67 Cloudy Atlanta, Ga 30.08 70 PtCldy Amarillo, Texas... 30.08 56 PtCldy Bismarck. N\ D... 50.28 90 Clear Boston, Mass 30.18 66 Clear Chicago, 111 30.12 50 Clear Cincinnati, 0hi0... 30.08 68 PtCldy Cleveland, 0hi0... 30.16 64 (Tear Denver, Colo 30.20 50 Clear Douge City, Kan.. 30.04 56 ltain Helena, Mont 30.14 40 Clear Jacksonville. Fla.. 30.06 76 Clear Kansas City. M 0... 29.84 64 Cloudy Louisville. Ky. ... 30.06 fi.’l Cioudy Little Rock, Ark . 29.88 64 PtCldy Los Angeles, Cal.. 29.84 58 Clear Mobile, Ala 30.02 74 dear New- Orleans. La... 29.98 76 Clear New York, N. Y.. 30.16 66 Clear Norfolk. Ya 30.18 70 Clear Oklahoma City .... 29.88 64 Cloudy Omaha, Neb 29.98 60 Cloudy Philadelphia, Pa... 30.18 68 Clear Flttsburhg, 1'a.... 30.16 66 Clear Portland. Ore 36.10 46 Cloudy Rapid City, S. D... 30.32 50 Clear Rjseburg, Ore. ... 50.14 42 Clear San Ant into, Texas 29.92 68 Cloudy San Francisco, Cal. 29.98 50 Clear St. Louis, Mo 2992 64 Cloudy St. Paul, Minn.... 30.12 60- Cloudy Tampa, Fla 30.04 72 Cloudy Washington, D. C. 30.14 70 Clear WEATHER CONDITIONS. The western depression trough has moved very little and has caused a continuation of showers in the central valley States, mostly west of the Mississippi. To both the eastward and westward, except in very small areas, fair weather has prevailed. Moderate temperatures are now reported In pr.tctically all parts of the country, except in the northern Rocky Mountain States and western Canada, where the reading* are considerably below normal uud frosts occurred last night. CORN AND WHEAT BCLLETIN. For the twenty-four hours ending at 7 a in.. Tuesday, May 23. 1922: I temper j ature. I a - Stations ot *. | Indianapolis el _ o * District. *1 SJ“ ftj.2 £■£! S c US'S S-jb South Bend ... V'ts'Ts4 ii * Good Angola !77 51 0 1 Good Ft. Wayne J 72 | 52 0 Wheatfield j 73 I 58 0 Good ltoval Center j 74 56 0 ! Good Marion ’7 56 0 Good Lafayette * 77 1 62 j 0 , Good Farmland !781 58 J 0 . Good Indianapolis .... 80 162 j 0 Good Cambridge City.! 78 58 | 0 Goi and Terre Haute . ...j 82 66 j 0 Bloomington .... 85 j 64 1 0 I Good Columbus |B7j 60 | 0 1 Good Vincennes 89 64 | (t i Good i’aoli 82 63 017 Good Evansville ....... .84 62 004 I 5" H' ARM INO TON] Meteorologist, Weather Bureau. ■ ■ ■ 1 Local Slock Exchange -May 23. blul K. B'.d. Ask ind By. A Light eo m *,7 ... ; Ind Ky. A Light pfd 78 Indpls. St. Itv 52 57 I I ndpls. N. W pfd * tSO Indpls. A 8. IC pfd 60 T H. T. A r. pfd 72 T. II , 1 A E. com ... .5 I. H , 1. A E. pin ... 15 C T. of Ind. com 1 ; l\ T. of Ind. Ist pfd 5 10 l T. of Ind 2d pfd 2 Advance-Ktimely pfd Advance Uum.lv com ... Am. Ceii 1 ral Life son Am ’ri osotlng pfj 94 Belt R R pfd 56% . . Belt It. U com 60 62% 1 eiitnr.i Bide. Cos. p£d 93% ... Citizens Gas Cos 21% • ity 228 city Sen ■■■,. Cos. pfd 61% 67% Hodge Mfg. pfd Home Brewing 48 Ind Hotel com Sfl% ... Ind. Hotel <’o ;fd 99 ind. Nat. Life Ins Cos 2 It I. Title Guarantee 7‘) r.d Pipe Line F.’ I'idpis. Abattoir pfd 45 It.dpi*. Gas 45 ... indpls. Tel. pfd 1 ndpls. Tel. . mi Mer Bub I til pfd 48 Nat. Motor Car Cos. 1% ... Bub Savings Ins. Ca 3 Ranh Fert, pfd 47% ... Maud, dll of Indiana ld’,% ... Sterling Fire Ins Ct 7 Vuti • U?np iltlw. pfd 18) Van Camp Bred. Ist pfd 97 100 Van Camp Brod. 2d pfd Vandaiia Coal Cos com 1 Vandaiia f .al Cos. pfd 7 12 Wabash Ky. pfd 31 % ... Wabash Ky. com U BONDS. Broad Ripple 5s 62 07 Citizens St. Ity, f,s 82 ... Indian Creek Coal A Mine 6s ... 100 Ind. Coke A Gas 6s 86 Indpls. C As s*. 01% ... Indpls. A Martinsville 5s .. 58 Indpls \ North. 5s 41 46 Indpls. St Kv 4s 6"% 65% Indpls. A N. W. 5s 53 55 Indpls. A S. E. 5s .. 40 ... lndpis., Shell % A S. E. 7>s. 76 T II ,I. A K 5s 64% 65% Citizens Ga* 5s o 5 90 Indpls. Gas 5s 8.5 88 Kokomo, M a VV. 5s 87 90 Ind Noel Cos. 6s 19% . . Indpls. W tiler 5s 96 100 Indpls. Wa er 4%s hi Indpls. T. A T. 5s 80 85 Indpls. L. A 11. 5a 90 91 I T of Ind 6s 54 Mer. II A L. 5s 99% 100 New Tel. L. D. 5s 97 New Tel. Ist (Is 97 ... ! South, lnil. Power 6s 87 92 1

In the Cotton Market

NEW YORK, May 23.—Tho cotton market was quiet at the opening today, with first prices 2 to 11 points higher, duo to reports of heavy rain in Texas. Commission houses anil local traders bought, while spot firms sold. Tim list remained steady around the initial level during the first hour. New lork opening cotton prices: Mav, 20.65 c; July, 20.30 c; October. 20.08 c: December, 20.09 c; January, 1D.02c; March, 19.75 c. The market was steady at the close to day, which was 9 to 23 points net lower. —Cotton Futures - Open. High. Low. Close. January 19.92 19.9s 19.iw 19.72 Mart b 19.75 19.78 19.52 19.52 May 21.05 21.65 21 25 21.30 July 20.30 20.35 20.01 20.05 October 20,()S 20.1s 19.80 19.00 December 20.09 20.11 19.01 19.03 —Cotton Review NEW YORK, May 23.—The news today was generally favorable to the market, further rains being reported from the Southwest, and Manchester continued to report a satisfactory state of .trade, with a good demand for cotton. We were also favored with the first of a scries of private reports estimating the condition of tin’ crop ns well as the acreage. Tho days report indicates a crop of less titan eleven million bales, which is entirely inadequate to meet world requirements taking into consideration the depleted supplies. The market action, however, was not very good. A moderate bulge was again met by profit taking sales and this will probably continue until technical conditions have been improved. Fltluiately, wo expect a higher level of values. LIVERPOOL, May~23.— There was a demand for spot cotton today. Prices were steady, and sales close to 12,000. American ntids. fair, 13 55d: good mids. 12.46d : fully mids, 12.16d; mids. 12. Old; low ordinary, ll.ortd; good ordinary 10.71d ; ordinary, 10.21d. Futures were steady during the entire market session. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold an the Indianapolis markets of Swift & Cos.: Ribs No. 2. 17c; No. 3,14 c. Loins—No. 2. 21c; No. 3.19 c. Rounds— No. 2,15 c; No. 3. 14c. Ghucks —No. 2,10 c; No. 3,9 c. Plates —No. 2,7 c; No. 3,6 c.

SWINE 10 TO 15 CENTS LOWER Cattle in Good Demand—Veals Strong—Sheep Steady. RANGE OR HOG PRICES. Good Good Good M*y Mixed. Heavy. Light. 16 . f 10.85<3* 10.90 $10.75(g)10.85 [email protected] 17. 10.80 <2 10.90 10.70 ® 10.80 10.9a@11-00 18. 10.80 @ 10.90 [email protected] [email protected] 19. [email protected] 10.75 @ 10.80 [email protected] 20. [email protected] 10.70 @ 10.80 [email protected] 22. [email protected] [email protected] [email protected] 23. [email protected] [email protected] [email protected] Swin prices were 10 to 15 cents lower generally in trading on the local live stock exchange today, with receipts close to 8,000, large, fresh receipts In Chicago and a large hold-over and lower price tendencies there and elsewhere. Trading was of a fair nature, both shippers and packers taking their usual quotas, and a fair clearance for the clay was anticipated. There was a top of $10.75 on light swine, while the bulk of that grade sold at [email protected]. Mixed and mediums brought $10.70 generally and heavies $10.50 for the extreme weights to $10.70 tor the grades running close to the mediums. Bigs were in fair demand and sold at $10.50(§!10.6t generally, but there were a few sales at the price of the loads. Stags were In good demand, selling at $8 and down and roughs brought $9.50 and down, with the bulk of the sales of that grade at $9(g,9.25. The bulk of the sales for the day ranged at $10.65(§.10.75. The range of sales for the day was [email protected]. Cattle values were again strong to 15 to 25 cents higher in spots, with receipts light at 700, the packers displaying fair demands und the quality of the stuff offered good. There were several loads of good to choice steers and heifers on th. market. There were several sales of steers and heifers at $8.50(0,8.75 and a similar number of sales at $8.25<g8 50, Cows were stro generally as were bulls. There was a fair demand for cauners and cutters at steady prices. Veals were steady on the common to good grades and strong to 50 cents higher on the good to choice stuff. There was a top of sll, at which there were several sales, while the bulk of the good to choice veals brought $10(qll. Receipts ran close to 700 for the day, and the quality was good. Shippers with eastern house connections displayed fair demands. Eastern markets were reported as strosg, and this had a good effect upon the tread of the local market. Sheep and lamb receipts were the largest that have been seen on this market for the last few mouths, and. despite Hits large run, prices ruled steady generally. There were but few sheep on the market, the bulk of the receipts being yearlings and springers. There was a top of sl6 on springers, while that grade brought $12*815.50 generally. Yearlings brought $10(412 generally, with an occasional sales at $12.50(i 13. irons. 100 to ISO lbs. average $lO 70^10.75 Over 3<Xi lbs 10.50 150 lbs. to 300 Ids 10.00fg10.75 Best pigs, under 140 lbs. ... 10.5u(410.75 Top 10.75 Roughs 9.00® 9.50 Btags 7.00<U 8.00 Bulk of sales 10.65(g, 10.75 -CattleFew choice steers S.SO® 8.75 Brime corn-fed steers, 1.000 to I.SOO lbs 7.85® 8.25 Good to choice steers, 1,20 u to 1.300 lbs 7.50® 7.75 Good to choice steers, 1,100 to 1,200 lbs 7.00® 7.25 Good to choice steers, l.ouo to 1,100 lb 6.50® 7.-■) Common to medium steers. 800 to 1,800 lbs 6.00® 6.50 —Cows and Heifers— Good to choice heifers B.oo® 8.75 Medium heifers 7.50® 7.85 Common to medium heifers . 6.2-%j 7.25 Good to choice cows 6.25® 7.25 Banners S.OtFq 4.00 Cutters 2.75® 4.C0 —Hull*—Fancy butcher bulls 5.50® 6.25 Good to choice botcher bulls.. 5 25® 6.00 Bologna bulls 4.00® 4.75 Light bologna bulls 3.75® 4 25 Light common bulls 3.50® 3.75 —Calve*— Choice veals 10.50®' I.Ob I Good veais 9AO'i •j. 50 j Medium vents 8.50® 9.00 Common to heavyweight veals 7.00® ye Lightweight veals 6.30® 7.UU i —Stocker* and Feeders— Good to choice steers under 800 lbs 5 75® 700 Medium cows 2 50® 4.00 Good con* 3.23® 4.25 Good heifers 6.75® 6.75 Medium to good heifers 4.50® 5.75 —Sheep and Lambs— Cull ewes 2.0® Good to choice ewe* 2,00® 4.50 Bucks 2.00®’ 3.50! Yearlings 10.00® 12.00 i Springers 13.i*>®l6 0o B’.n k lambs 5® “® 6.o’i Culls 2.50® 4.00

Other Livestock

CHICAGO. Mar 23—Hogs—Receipts, iU.Ortl; 11.(too held over; market 10(<il.V lower; hulk of salo. $lO [email protected]: top. $lO 65: heavies. $1 OK.Vu lit 4.",; mediums, [email protected]; lights, $10.60'(iT0.65; light lights, ltwgio or,. heavy packing sows, smooth, |l* [email protected]; packing sows, rough. [email protected]: pigs, 111 25@ 10.25. Cattle—Receipts, 9.000; market Active and steady to ic higher. Reef steers —Choice and prime. $8 [email protected]; medium and good, $7.5(1(38 00; good to choice, [email protected]; eommon and good, [email protected]. 1 .teller cattle—Heifers. 13 0OQ8.5O; cows, $4.75@ 7.1 TANARUS); bulls, 14 3501050. fanners and cut ters -Cow sand heifers, $3.65(34.75 • ran iut steers, [email protected]: veal calves, light and handy weight. $7 75@9 75; feeder steers, sotq7 85; stooker steers, $5.75fr 7 75; stoeker cows and heifers, $4 25<?f.41 Sheep and lambs—Receipts. 12.0(10; mar ket steady to 15c higher, good to choice lambs, $10.50(311 15; cull and common lambs, $7.50(310.50; springers, $13.73(3 15 00; yearlings, $K.75@11 . ewes, [email protected] ; cull ami common ewes, s2@4. CINCINNATI, May 23.—Hogs Receipts. 3.2(H); market. 10 cents lower; all grades good hogs. $10.75; roughs, $!); stags. $5.75. Cattle—Receipts. 350; market, steady to stro .g; bulls, weak; calves. SIOSO. Sheep and Lambs--Receipts, 1,000; market, steady; ewes. $5(3(1; choice lambs, $10.50; seconds, $10(311; culls, $S@9. CLEVELAND, May 23 -Hogs— Receipts, 2,000; market, 10 to 15 rents higher; Yorker*. $11.15; mixed, sll 10; mediums, $11.10; pigs. $1115; roughs, $8.50; slags, $5.50. Cattle Receipts, 100; market, slow sternly ; good to choice steers, s(i(r/7; good to choice heifers. $8(38.50; gooil to choice cows. $0(37; fair to good rows, $5.50(36.50; common cows, $4.50@ 6.50; good to choice bulla. s3@4: milkers. $35(pj75. Sheep and Lambs Receipts, 500; market, steady; top, sl3. Calves— Receipts, 200; market, active and steady ; top. sl2. EAST ST. LOTTS, May 23.—Hogs -Receipts, 17.500; market. 15 to 25 rents lower; mixed and butchers, $10.50(310.55 ; good heavies, $10.45(310.53; roughs, ss.9o <30.15; lights, $10.50(310.55; pigs. $0.75; bulk of sales, $10.45(310.55. Cattle—Receipts, 5,500; market, steady to lower; native beef steers, $8.35(39; yearling steers and heifers, $8.70(39; cows. $4.25(ft 6.25; stackers and feeders, $3.75(36.7': calves, $4(310; canners and eutters, $3(3 4.50. Stieep and Lambs —Receipts, 2,500; market, steady to strong; mutton pwps, $1(37.50; good to choice lambs, s9@ll; canners and choppers, $1.50(33. EAST BUFFALO, May 23 —Hogs-Re-ceipts, 1,600; market, slow steady; york era, sll. $1.15(311.25; heavies. $11(311.10; roughs, $9(39.25; stags, ss@6. Cattle—Receipts, 100; market, active; feeders, s6@7; prime steers, $7(38.50; shipping steers, SS.2S<B 8 75: butcher grades, $7.25(38.50; heifers, $5 50(37.25; cows. s2@6; bulls. $4(35.60: milkorc andl springers, $40(3130. Calves —Receipts, 800; market, active and strong to 50c higher; cull to choice, $4.50(311.50. Sheep and lambs—Receipts. 500: market, active: choice lambs. $13.50@17; cull to fair lambs, $10(313.50; yearlings, ss@ 13.50: sheep. $3(38.75. PITTSBURGH, May 23.—Hogs—Receipts. 1,000: market. 20c lower; prime heavies, $10.90(3.11; mediums, $11.20(3 11.25; heavy Yorkers, $11.20(311.25; light Yorkers, $11.20® 11.25; pigs, $11.25; roughs, $8(3.8.85; stags, [email protected]. Cattle— Receipt*. 100; mnrket, steady; choice, $8.75(39; prime, $.8.50(38.75; good, SB(3 8.50; tidy butchers, [email protected]; fair, $6.50 @7.25: common, [email protected]; common to good fat bulls, $3(5.6 50; common to good fat cows, [email protected]; heifers, [email protected]; fresh cows and springers, $35@75; veals.

$11.25; heavy and thin calves, ss@B. Sheep and Lambs—Receipts. 500; market, 25c lower; prime wethers, [email protected]; good mixed, $6.25@7; fair mixed, ss@6; culls and commons. s2@4; good to choice lambs, [email protected]; springers, sl6. GRAINS MAKE LATE RALLIES Increased Export Buying and Unfavorable Weather Factors. CHICAGO, May 23.—Grain prices rallied during the closing hour' of dealings on the Chicago Board of Trade today, due to increased export buying and unfavorab'e weather reports for some’ sections o. the grain belt. • l’rovisions were lower. May wheat opened tip Vi c at $1.33% and closed up 4c. Julj wheat opened tip VjC at $1.24%, and closed up l’/sc. September wheat openetL up J / S c at $1.19%, and closed up %c. { May corn opened vtnchnnged at 61'/l,c and closed up %c. July corn opened off Vgc at 64c and closed DP %c. September corn opened off '/4c at 66%c and closed up %c. May oats opened at 36%<n unchanged, and closed up lc. July oats loueued at %e, unchanged, and closed 'up %c. September oats opened at 4t)%c, unchanged, and closed up %c. (By Thomson A McKinnon). —May 23 Wheat—Relative firmness in the English markets today imparted steadiness to our market. Later in the day, strength appeared In response to report of moderate amount of wheat sold from Chicago to exporters and also, on claims of rank growth in the Southwest. Seaboard reports around 600.000 bushels lot export ' business, a small amount of it being | I'nited States wheat and the balance j thought to be Manitoba or new crop winI ter. Northwestern milling centers are favored with more inquiries from flour distributors, hut the volume of sales is not large. In view of .the great importance in the world sitinttinn, which American wheat occupies, there can be said t obe merit underlying present values. On the other hand, the market is in need of either adverse crop news or a considerI able improvement in the export business before prices will advance to any marked ; extent i Corn and Oats—There has been buying of oats by houses with seaboard connections and this has given the market in- : dependent strength. Corn, naturally, sympathizes Wit It wheat, but there is au expectation of the customary June run j from the country, now that planting is about completed. These markets do not display and individuality and are, cou- : sequenrly, largely'neglected, j Provisions There has been buying of July lard and selling of September that ' has the appearance of foreign or packing accounts. This, together with the tirmj ness In grain, has kept value# steady. Exports of lard have been liberal, but I the new demand Is only of moderate ! volume. Sentiment favors lower prices. CHICAGO GRAIN TABLE. —May 23 - ) WHEAT—- Open. High. Low. Close. ; May 1.33% 1.38% 1.33 1.37% i July 1.21% 1.26% Lg.".% J .20 s.-pt 1.19% 1.20% 1.18% 1.20% j <% GIN - * May ni’4 .61 % ,6o 7 ; .01% j July.... .(,1 .(.'* ,0! % .04 % ! Sept 60% .00% .05% .66% iOATS—- ! May 36% .57% .30% .37% j July GS% .89% .38 .39% ! S.-pt 40% .40% - .29% .40% FORK ! • May 2620 iLARD - I ‘.May 11.20 I •July 11.35 Sept ... 11.60 11X0 1157 11.60 RIBS - •May 13.50 July 11.90 11.98 lt.s<> 11 KY Sept 11.70 11.70 11.67 11 67 i BYE - Mav IX6 1.00 1.t’1% 1.05% July 1.05 1.04 1 o 5 Sept ... .97 .98% .96% .98':, •Nominal. CHICAGO < AMI <.H UK. CHICAGO, Mav 23.--Wheat No. 2 red. $1 ;;3%®1.35. No 3 r.-d. S 1.3d u 1.30% : No 2 hard winter. $1.31® L 35% : No 8! I hard winter $1 No. 1 northern spring.) i dark. $1.55; No. 3 northern spring, dark, I | $1.56; No, 5 northern spring, nark. $1.42%. ('■•rn No. 2 mixed, oge . V. 2 white, 62' v ®62%e; No. 2 yellow, 62®62%C; No. 3j mixed, til %® 31' e No. 3 white. ti%c : I No. yellow. 1i1%9/fi2e; No. 4 yellow. 60% ; ®6l%e. Hats —No 1 white, 41 %® 12c : 1 N o o *vhito. 38%® 420: No. 3 white, 38®; 89%e ; No. 4 wdiite, 37%®38c. TOLEDO SEED AND GRAIN. TOLEDO, May 23. Clover i-Cash,; $13.75; Oetob, r, $11.15. AUike-i'ash. $11.50: Align.sll.7s; October, $11.20. j rimotny—Cash. $3.!0; September, 53.40; I Oe.ober, $3.25. Wheat Cash. $1.89® j 1.4'); Mav, $1.39; July. $1.28, Corn Cash, I 66%®67%e. Oats Cash. 43%®43%c. Rye j Cash, $1.06%. Barley- Cash, 68c. r RIMARY MARKETS. (By Thomson A McKinnon) —May 23 - —Receipts - Wheat. Corn. Oats. St. Joseph... 21,b0" 45,000 S.tSM Chicago 39.0"0 432."> 363.0".* Milwaukee .. 1 68.000 To.ooo Minneapolis . 19f*.nH> 15.000 25."0M Duluth 1.".8.'H") 57.00" S.oOo St. l.ouls U4.IK") 103.'*> 78.0") Toledo 11.000 9.0)0 16.000 Detroit 6,000 4.000 4.000 Kansas City. 238.t"H) .'c.ooo 9,000 i’enria 4.000 6.5, in) 40.000 Omaha 1090o> IH'.ot") Is.OOT indlanapolw... 9.000 32.000 70,000 Totals 1,276, OCX* 078.'"'0 7>!‘*.(X.KJ Your ago... C.ll ,*>> 972,000 502.1KH) —Shipments— Wheat. Corn. Oats. St. Joseph... 17,(X)0 22.015) 2.000 Chicago 390.UU0 <Kk'!.ooO 114.000 Milwaukee .. SJH") 291.'"") 10.000 Minneapolis . 77,1N") 58.000 1 <I.OOO Duluth 395.1 "> 49i',0’* 340.000 St. Louis .... 209,000 78.'KM 73.010 Toledo 4.000 9.in") C.OOO Detroit 2,1" *0 4.000 Kansas Citv. 2V4.000 29.000 34,'X") Peoria 5.000 89,000 58.000 Omaha 202.000 109,000 4<).0o0 Indianapolis 6,000 22,("N> Totals 1,07,000 1,755,000 874.000 Year ago. • - 643,000 532,000 430,000 Clearances— Wheat. Corn. Oats. N’ew York.... 01.IAH) 219.000 386,000 Bhii’) dolphla W,oot> Baltimore 144,000 Now Orleans. 48,01") Totals 112.000 403,000 380.000 Year ago... 20,000 9,tJO INDIANAPOLIS CASH GRAIN. —May 23Bids for car lots of grain and hav at the call of the Indianapolis Board of Trade were: Wheat—Finn; No. 2 red. $1.42®144. Corn —Firm; No. 3 white, 65%@66e; No. 4 white, 04%®650; No. 3 ellow, 63 j ®6t'Ac: No. 4 yellow, 64®64%e; No. 3| mixed, 64 1 1 ®6sc ; No. 4 mixed, 63%® 14c. j Oats —Firm: No. 2 white, 41%®430t No 3 white. 40%@41%C. Hay—Steady; No. 1 timothy, $19.50® 20; No. 2 timothy, 8195/19.5)0; No. 1 tig-tit clover mixed, $18.50® 19; No. 1 clover, s2o® 21. —lnspections Wheat—No. 5 red, 1 ear. Corn—No. 2 white, 1 car: No. 4 white, 1 car; No. 2 yellow, 2 cars; No. 5 yellow, 4 cars; No. 6 yellow. 3 cars; No. 6 mixed. 2 ears; total, 13 oars. Oats—No. 2 white, 1 ear: No. 3 white. S ears; No. 4 white, 2 cars; total, 11 cars. Hay—No. 2 timothy, 1 car. HAY MARKET. The following are the Indianapolis prices for hay. by the wagon load, delivered in Indianapolis: Hay- Loose timothy. $18®20; mixed hay, $18@19; baled hay, slß® 19. Oats -New, per bushel, 42®45c. Corn —Both old and new, per bushel, C3®6Bc. WAGON WHEAT PRICES. Indianapolis flour millß and elevators yesterday were paying $1.30 per bushel for No. 1 red winter wheat; $1.28 for No. 2 red winter and according to test for No. 3 red winter. CLEVELAND PRODI'CE. CLEVELAND. May 22.- Butter—Extras. 40%®41c; prints, 41%@42c; firsts, 59%® 40o; packing stock. 16@18e. Eggs—Fresh. 29%c; Ohio firsts, 25@25%c; western firsts, 25c. Poultry—Live fowl, 27@2Sc; roosters, 16c; broilers, 40tfJ43c.

Building Permits

H; H. Wheeler, reroof, 333 West New lork. SOO. P. Long, reroof, 516 West Vermont, Mrs. John Sullivan, rebuild flue, 1037 River, $25. E. N. Dillinger, reroof, 2056 Hazel, SSO. n Conners, addition, 837 English, S4OO. L. Lange, reroof, 909 N. Pershing, $59. A. B. Smith, reroof, 221 South urientul, s3§) W ' Eaton ’ sarage, 4702, Carrollton, Anna K. Rice, remodel, 2717 Highland place. S2OO. Pbitip Zoercher, addition, 68 Whittier place, s<®o. Claris Adams, audition. 56 South Irvington. $350. Fletcher Tarings and Trust Company, trustee, reroof, 906 Charles, $45. t letcher Tarings and Trust Company, trustee, reroof, 90s Charles, $55. Martha Safl'eral. reroof, 50 South Bolton, $66. .Willson Hudson, acroof, 83S-40 Tayette. yl3, f George Ooverdill, reroof, 12QC South Randolph, $144. G. D. Millner, reroof, 2021 North New Jersey. S2OO. Mary L. Beck, garage. 2635 North Illinois. $362. American Estate Company, dwelling, 553 North Oxford, $5,150. Albert Csiki, garage, 943 Ketcham, SIOO. Otis Kirkpatrick. double dwelling, 3849-51 Broadway, $10,500. L. J. Brown, garage, 120 G-8 North Tuxedo, $350. E. It. Hisey, garage and rooms, 409 Berkley road, S7OO. John Wacker, business, 423 King avenue, S6OO. John Wacker, raze and addition, 525-7 King avenue, $285. Lena Steeb. reroof, 519 Lincoln, $l3O. Emma Sommers, reroof, 438 Mechanic, sos. Emrna Sommers, reroof, 34-38 Sycamore. $45. Anna Payne, reroof. 1606 Ringgold, S2OO. John Durham, rebuild garage, 1728 Union, $125. F. C. Sadler, dwelling, 510 East FortySeventh, $6,500. W. Mueller, garage. 838 Weghorst, $470. Trinity Lodge Bldg. Asst., lodge od apartments. Twenty-First and Boulevard Place. $6,500. Ida Wilson, dwelling, 2418 North Rural $2,000. Kershaw, garage, 2320 Ashland, William Lancaster, dwelling. 2930 Tindell, $450. Sarah E. Miller, reroof and addition, 1065 West Twenty-Ninth, S4OO. Briber & Reilly, agents, reroof, 617 Bright, $75. Henry Fechtman, reroof, 2339 Prospect, $122. W. L. Ellis, garage, 1120 West ThirtyFotirth. S3OO. E. W. Lyons, double dwelling, 333-35 Bancroft, $7,500. S Keers. reroof, 926 West North. $35 Albert Grtmsley, shed, 2110 West McCarty. $75. Pettigrew Realty Cos., double dwelling 1.24-0 North Rural, $2,800. SAFETY FIRST POOR MOTTO Farmer’s Conscience Causes Him to Supply Evidence. POPLAR BLrFF, Mo.. May 23.—“ Let your conscience be yonr guide.” W. 0. Ilannock, a farmer, saw an officer approaching. He remembered the old adage. The officer drove up in his ca r. "Ilannock, I want ” Before he finished Hannook bad reflected. Then he quickly reached down in the bed of the wagon in which he was ridlrg. drew up a sack and quickly hurled it against the side of the wagon. The tluk'e of glass was heard and the familiar aroma of southeast Missouri moonshine pervaded the air. "I had no idea you had whisky.” the officer Informed Hannook. “I was going to ask you a direction, but I'll bother roil for the sack and contents, as it is, and turn it over to the prosecuting attorney. You have destroyed the evidence, but I'll take a shot at it Jnst for luck.” Driving on. the officer finally thonght he wofild take inventory of the contents of the sack. Opening it. he found a dozen or more bot'les had been broken in the contact with the side of Hannock's wagon, but there remained one bottle firmly Intact and full of glistening moonshine. A warrant was issued for Ilannoek's arrest. GIRL PREACHER WARNS FLAPPERS ‘Flap Flapjacks’ Advice of 13-Year-Old.

MIAMI, Okla.. May 23. -“Flappers, if you must flap, flap flapjacks." It's the advice of Miss Orietta Stoddard, 13 year old school girl and the youngest ordained Methodist minister in the country. Miss Stoddard cares nothing for “cake raters." The society of "Shifters" means nothing in tier young life. She's not against a little harmless “flapping.” hut she rises to pass out a few "don'ts" for the frivolous. "Don't forget that skirt* are more than girdles,” she asserts. "Don't smoke because others are silly enought to do it.” "Don't make dates unless mother approves.’’ "Don't trade your beauty for a good time." Miss Stoddard, now finishing her school year, will spend her summer vacation, not in joy riding, but in preaching the gospel in the churches in her district. Berry Taken for Alleged Forgery Otis Berry, 23, 935 Sheffield avenue, arrested on a blind tiger charge May 15, today was taken to Sholbyrille to answer a charge of forgery. Deputy Sheriff C'hest'-r Fox of Shelbyville promised the authorities should Berry Dot be convicted there he would be brought back to Indianapolis. EIGHT DAYS FOR KILLING. WOOLWICH. England, May 23.—Convicted of killing his father, who had attacked his mother. 24-year-old Thomas I’. Rose was sentenced to eight days' Imprisonment. This meant immediate release. POTS AND PANS PERIL. LONDON, May 23.—Medical authorities hnve advised great care In the use of, steel shavings for “scrubbing” pots and pans. Little pieces of the steel are likely to get Into the throat. ADVERTISING DIDN’T PAY. CLITHEROE. England, May 23.—T0 get revenge on Henry Wilson, Janies Platt advertised in Wilson's name for farmers. Fifty men responded, an investigation resulted, and Platt was fired. ROYAL DUKEDOMS AGAIN. LONDON. May 23.—When the obsolete royal dukedoms are revived, which is expected to be in the near future. Frinre Henry, third son of the king, probably will be created Duke of Edinburgh. COCAINE IN THEIR HAIR. PARIS, May 23:—Two Belgian women arrested here for trafficking in drugs were found tc have packets of cocaine hidden in their hair. VICAR’S SACRIFICE. TIPTON, England, May 23.—Rev. George Mortimer, the new vicar of Tipton, gave a square foot of his skin for skingrafting operations on girls injured in an explosion.

MAY 23,1922.

DEMURRERS TO TRUST SUIT ARE FILED TODAY Action Against Stone Companies Surrounded With Legal Verbiage. Demurrers to a pending suit filed by U. S. Lesh, Attorney General of Indiana, against the Bedford Stone Club Auxiliary, Inc., of Bedford, and eighteen co-defend-ents charging the existence of a building trust were filed today in Superior Court, room 5. I The complaint asked that the court I appoint receivers to wind np the buslI nes3 affairs of She companies, that their I trade franchises be revoked and that they !be permanently enjoyed from participating In an alleged conspiracy in re--1 straint of trade and # rublic building. I The grounds for the demurrers, in addlI tion to the technical and nsual allegation that facts sufficient to constitute an offence are not stated, are contained in nine paragraphs. The demuner sfat.es that : No allegation charging the specific act of constituting an unlawful restraint of trade or commerce, the creation of a monopoly, or intent to create such, or conspiring to reduce or raisfe the price of stone or to commit any conspiracy to law is contained in the original complaint, that no unlawful practice is shown; that the allegation charging the collection of au assessment of 3 cents per cubic foot f”f all finished stone work sold, which money is used to reinburse the Stone Ciub Auxiliary, does not justify the inference that the collection is unlawful. woof the defendants, the Hoosier Cut Stone Company and the George Doyle j Corporation, filed motions to niak* the complaints more specific. JUDGE BATT MEETS CHARGE ABOUT TAXES Ft. Wavne Jurist Further Discusses Proposed Plank. Reiterating that assertion that “taxes most come down, Judge Charles 8. Batt of Fort Wayne, today replied to a letter of criticism addressed to him by W. W. Spencer, Edward C. Eikman, Charles P. Tighe, K. F. Stuart and Thomas E. Stucky. The letter criticised a proposed plank in the Democratic platform ia which Judge Batt advocated the abolishment of useless commissions. The letter addressed to Judge Batt characterized the Judge's proposed plank as a “smoke screen of the corporations.” They also declared the proposed plank was not sufficiently specific. In replying to the criticism Judge. Batt said in part: “X did not assume to write a platform for the Democratic State convention, as that, of course, is reserved exclusively for a small coterie of Indianapolis politicians who assume to dictate the policies of the I'emocratic party. “What I did attempt, in my humble i way. was to suggest one plank in the i platform, on the subject of taxation; and | in that plank I mentioned in a general | way some of the things that would have j to be done In order to reduce taxes; for the burdens of the plank was that taxes must come down ;and one of the essential ways fpr taxes to come down, as well as to improve the operation of the State's work, ig to abolish mony of the boards, bureaus and commissions that have been foisted upon the State from time to time, with the assistance of both political parties; but which has been developed by leaps and bounds during the past five ; years. I “As to what boards, bureaus and commissions should be abolished, it Ls ap- ' parent, even from your letter, that it is difficult to determine in advance; for you mention only those most often in the public print and then speak of 'all other boards, bureaus and commissions too numerous to mention'; as there are some sixty-eight of them ; and I suppose there is not one citizen in Indiana who even knows the names of them, much less what function they perform, if any. “So it will take time and study to learn what boards exist and what service they perform, if any. before it could be. determined what one or ones should be abolished; unless we should take such action in this State, as Governor Lowden did ! n Illinois w h?n he was Governor, and abolish every single board, bureau and commission; and it is very probable that such action as this will havet to be taken in order to divorce these political barna -les from the Btatc pay roIL “One thing, however, strikes as recnl-air: for among the well-known boards that you mention to be abolished you omit the public service commission. Can it be that the preservation of this board in the real reason for your letter 2 I know that there are men in Indianapolis “high in the councils of our party” who want ns to avoid saying anythin? worth while abou tthe public service commission for the reason, as they claim, that this was enacted under a Democratic Legislature; (of course you remember It well) but the real reason Is on account of lucrative employment, both present and prospective, that some of these In our party enjoy and expect to enjoy before the public service commission ; but I am free to say that there is not a single board, bnrean or commission In the State of Indiana that is as unpopular or has done as much harm to the citizens and taxpayers of the State eg tlie public service commission! jet your letter, that claims to inveigh against corporations is singularly silent with regard to this one board. “I do not and never have represented any corporation in these matters, but t have been fighting this tax question got* stantiy for the last two years.”

Traction Committee to Report Saturday Reports of the subcommittees appointed to examine the books of the Indianapolis Street Ridlway Company and survey traction condition* in other cities will be turned over to the general citizens committee on transportation at R meeting in the city council chamber at 3 o'clock Saturday afternoon, Mayor Shank announced today. The committee finished their work and passed the reports to the mayor last Wednesday evening. The reports, in general, find the street railway company in need of financial relief, and suggest such means as increasing the present S cent basic fare, charging 10-cent faro on owl cars, relieving the company ®f track paving maintenance and cnntinwd suppression of jitney competition ns needed assistance. If the general committee approves tfce subcommittee reports, tho mayor said it Is likely a movement before the public service commission for higher fare will be made. He said it looks lo bim as if this is all that can be done. American Telephene & Telegraph Gc. 131st Dividend The regular quarterly dividend of two dollars and twenty-five cents per share will be paid on Saturday July 15, 1922, to stockholders of record at the close e£ business on Tuesday, June 20, 1922. £L BLAIR-SMITH. Xrauursr,