Indianapolis Times, Volume 35, Number 15, Indianapolis, Marion County, 29 May 1922 — Page 11

MAY 29,1922.

CONFIDENCE IS INSPIRED BY MONEY MARKET Stocks Now Are Sounder Than for Many Years—None Discouraged. Special to Indiana Daily Times and Phllad. Iphia Public Ledger By MONITOR. NEW YORK, May 29—Speaking from the standpoint of .sentiment, the storf market seldom lias been in a sounder position tUan It is at present. There is confidence without over-confidence, and operations are tempered by caution There is n disposition to take into calculation all Influences anl to attempt 1 according proper weight to fa tors on both sides. If is notaide -that reactions produce no discouragement and excited spurts do not lead to hysterica! enthusiasm. It is a business-like and orderly market. The money situation continues to rive hope for maintained stability. The redoral rose, vo ratio this week was prac- | ticaiiy stationery or 77.5. There appears to lie a supply of funds ample for market r. nireia.'nt-- and the basin ss re- j viva I has net yet made such a call upon the credit reservoirs -f the country as to ra’i-o competition between speculative i demand and indic-'rlal requ remolds. 1 ho j mi asionai Curries ia caii money are: looted upon as local wind squalls rather j than barometric indi ations. By fir the most interesting developments of til.? week are th se relating to i the raiir ad situation. The Interstate . Commor - Commission decision reducing rates 10 per cent was received with varying expressions. Those who took t 1... view of the railroad executives eon- j sidered the action premature and drastic. X utral business sentiment accepted it ,s essential and inevitable readjustment Railroad men take the position that the iut w ill not stimulate traffic. They stand ■done in this view. Asa matter of fact. Sweden has ordered a 20 per cent reduction in rates for the express purpose : of stimulating traffic and lightening the . load on business. It is to be coueeded that a rate reduction of the extent ordered would pine, an intolerable burden on the ear riers if traffic were to continue on the low scale of 1921. and if there were no compensating effects lit the form of downward wage revisions. Tim Interstate I’oinmerce Commission, however, has given an Indication of its confidence in the business outlook by taking into consideration the likelihood —even the certainty—of largely Increased tonnage for the future. Wag* revisions on certain class* sf employes are *xt 'cted as a result of action by the Railway Labor R.-ar.l almost any day. and a general reduction is looked for in the course of the next few weeks. Taking Into consideration the voluntary rate redu tions effected by tin* carriers themselves ami the recent or i* r of the interstate commerce commission, there is a thooror -al falling off in revenue of about $ lop*,op.** i.-t as a result. Increas'd vein mo *f truth? will •<> ’tre-re.-t s**me of this loss, part of it sk-uid be offset by lower operating costs through wage reduction, white managerial e ■■■ notnics may go still further toward nullifying the lower rare basis. At any rate, it is not believd that the carriers will be treated unfairly, and for this reason Sentiment is steadfastly, although n *>t hystert- ally, bullish <-a the rails. Less atr ntiou is being paid to the coal strike, owing to the estimates that the supplies of fuel under existing conditions will last u.'.til tit- middle of August. Aside from >r die openings • f mines here and there, there are no indications of a break in the strike. fib te n;l business is better. Industrial I operations are on an increased scale. The ' output if ait tom* biles is sarprl irigly i?rg>>. partieu! rly wh-n it is realized that all output records are being br >ken. Building operations are npproa- king a r .-, ..rd-br* aking s Lr -' - r pr: es are ri- tig, ml bcsiUcss ia this industry is intensely active*. General satisfaction is expressed over the r.re[ nfi- r. i?-e ~f adrattei s i.v, r do ••liu's in ihe i oiuni- iity group. April shows 70 gain against 34 los-es. Evidently the country has tired Soon enough if deflation. T his week the bureau of crop estimates of the Department of Agriculture will issue its report on the audition of the cotton crop. This Is eipected to -bow a condition of about 70. The figures will not be conclusive in respect to yield. No acreage report will be published until .Tuly 3. S. riou.s misgivings uvir the yield have been created by report- of widespread weevil Infestation, as • is admitted that no matter how tlaf.-ring th. appearance of th-* plant nay be, nor how well cultivate j may be the fields, a crop of average yield per acre is an improbability u:tl -s some method to combat the boll weevil ia found and practiced efficiently on a large re-te.—Copyright 1922, by Public Ledger Company.

WALL STREET GOSSIP

IIY MONITOR. NEW May 29.—United Retail Stores, as well as Tobacco i'roduets w* re among th* strong spots in tin* specialties Saturday e ruing. It is believed that the niorgi-r pending between these two companies may include a Canadian I nlted Drug w is *-trotig and ac tive on the genera; supposition that this c*.m- ---■ • my may enter into the merger of Uet 7 Ktor. sand Tobacco Bro iucts, and that the company will go in at a higher level than the current market price if this development should occur. If is believed that there wil! be no change in lie* dividend rate of Mexi< an IVtroie iui er I’ati-Americait at the coming directors’ meeting. Tbe companies a:v in a strong flnan- ial position at the present time. Strom berg Carburetor carried $134,411 i*< the fires quarter, having a balance. ft-r oxp-ns. s. *f $41,945. Net. .‘for IVd-ral tax payments, amounted to ' •".266. increasing the profit and loss surplus to $2.5(25,22!. As predi--" 1 some time tig's, American W.io! *!> It.* s advanced its t.rlc-s on all lines <d - -* .in! ovi re it woolens f-r tile fall tred- This had :-en so generally exp i'd in the market however, that the k s-id off fra'tionaiiy with the report having very little effect. R .timid preferred was very strong and tomdied 48%, up 6% points for tno da;.. Rumors have 1 *o.-*, afloat for trio p.-isr s. Verai tic ks of the coning dnuge in the operating management of tins t&mp.my. The Atchison. Topeka ,A- Santa Fa April gross was $16,119 141. as against $17.623.1!8 in 1921. Net fer the period was $1,740,441, jts compared with $2,253 696 Tire four mouths* cress of this read v ns .<61.824.973. ns compared with s74.olf\sM f- r the satin* period a year ago. N* t was $<5.3(21.223, as against $3,067,2*1. American Shin .hr Commerce touched 23"-, and ent,-rod new high ground for the ver.r This stock has been one of the strong spots in the market ever sineW. H. W-d'n of the American Car Akoundrv t0..2 his place on the hoard of Hroot< :s. Although the company shows a substantial I.s- en its shipping business. its r.-alty holdings in New York nr,.l ship-building properties show profits almost large enough to cancel the shipping losses Chicago Great Western common, above 10, is moving in n. w high ground for the year, and during the day the record high made ear!;, r in the week was eq.lulled This Company lias been hit by the coal strike, as h ive other companies operating in the same territory, but. at the same time, has also benefited l.y increased earnings from other classes of traffic.— Copyright, 1922, by I'ublic Ledger Company.

you: baby in hot weather Prevent Summer Sickness Rather Than Cm e It

A BABY’S GREATEST BLESSING IS A WISE MOTHER.

BY MRS. MAN WEST, hate of the United States Children's Bureau. As summer comes conscientious mothers all over the country begin to think with dread of the dang* rs to wli>h their babies will be exposed in the long hot days of .Tilly and August. They art* acquainted with that alarming “summer p ak ' of infant deaths, put out by the health departments in large eiti. - every sunnier, whu-h shows hew eriti, al a season this is f< r habi. >. *■-; .iiy l'. r those who are already som-vvhai uud-.-r par. It is tru- tha* hot went hr is hard on a baby, espe* i.-tliy if the hint is protracted but it I- also true tied w th .-d care a baby may 1 - >-d !y brought through tin* h-.tr.-st weather, in the great majority of cases, Y.-ar by year, that dreadful "st'.in-.-r peak." with it • mounting . are- - ev-r rising through the six boil, t \v.-k<. is being cut and >wn. Ir is g It as Two things ar- mainly r---p.-rtsiM.. f-r this steady reduction in the : - ■ r of babies who give up their ll't’- 1 ■• - > ■ rsumnter. Th se are the !*• *-r k:. v ’ of the ilaiig-rs **f Impure in,l t. with- - knowledge" of how t- 1- >• i ; . clean and pur**, and the const.-tt tiv ‘-rowing number of mothers who h.. .. ! r-.• ’ the principles upon which g- ■< and baby care depends. In practically every large city, r.r.d in some smaller ones, P is io.w i, .* buy "Cos,, ified’ ntilk, which, ill it-' * -1:. is a its important, if not inure is th? t i t that it is now possible ev> rywie r** f-r ail mothers to barn bow to p*:-**t• -t tb-'r babbs fr in the s; . at vv* i-h r and n g. rs, by attending infant welfare r. ti'i-r----i v u-.tig S' me of the many g 1?• ttf**hlet- ttvtdb-.blc. or by the dir.-et guidaa.-.-f ph;.l nur -s. Tin- motlt-r si. nid lire <h ,* th- tape to foriffy h'Tsi.df with such a iv? ** and th** ~ 1.1. . u.. rt-.-te-y are upon - r To pr. v.nt summer diarri*. i is ■ far

Local Stock Exchange

- May 29 STOCKS. I? .1 Ask. fnd. Ry. A LSghr or.ns .'-7 In.l Kv. Ac Light j.W $2 St. lty •" 11;• 11. Is. N. W. |.fl f.'i l .fills. A: S. F. j.f.t . Go T. n, t. v l. j.f.i t:; T. H., !. At F. cm 5 r h., i. .y k. j.fti 35 I'. T. of In. ..in I". 'l', i r hid. Ist I'M c.j ... ■ T. of Ind. 2d pl'.i . Ad\ a nee- Utim. !v (.1.1 Advance-Unim-lv com !*'•'- ... Am. i '• ntral Lite 2*>'t ... Am. Creo'ot:ii-t pfd 91 ••• ISclr. K. U. f.f i :1 ’j ... Belt .It. i: <-..m tit Century I.W;. Cos. i■.. 1 95F ... Fitizens t.as Fo ! : _• City Service cm 250 fitv SVrvic C... i*iM tit ;•; Fudge Mfg. i ;-i Home Br-wing 4 s ... Inti. Hotel com -s7*7 ... I ml. Hotel t .. prd 97 1 - ... imi. Nat. Life In s - Cos - ... Inti. Title Guarantee 50 Iml. l’lpo Line 93 Inpls. Abattoir i>f<i It Indpis. tins 4a Indpis. I I. pfd 99 ... Indpis. Tel. •oin -A 7 Mer. I’nli. nil. prd 4$ Nat. Motor Car F> 2 ft nib. Savings Ins. Cos t> Katili F rt. j• tl 4 1 b Stau'l. Oil of Inilian 11a Sterling l ira Ins. Cos 7 Van Camp Ilnd. ptd 90 Van Camp Prod. Ist pf<l Hit) Van Camp I’r"d. 2d pttl Vaiitlalia Coni Cos. com I Vamlalia Coal Cos. pf.l 7 12 Wabash Ky. pt'tl 52... Wabash lty.com 11l lION It>. I"roa<1 Ripple f.s <l2 t!7 Citizens St. Ky. 5s $2 I oil i.iT- Cr.-ek Coal .V Mims (is ... Joo ln<l. Coke A- (las i>s SO llltipis. C. Ac Sos 91 ... ; lotipls. .v Martinsville 55.... 5$ Iml pis. Ac North bs 42 Indpis. St. Ky. 4s G. 4 70 Intlpls. Ac N. \V. bs bit linlpK A. S. K. bs 40 ititipls. Shelby. Ac S. E. bs.. liS ... T. 11.. I. A K. bs tH Citizens GUS os So 90 Intlpls. Oat bs So ... Kokomo. M A W. 5s S7 90 Inti Hotel Cos. Os 99*i Intlpls. Water bs 9G lid) Intlpls, Water C.s si Intlpls. T. A; T. bs SO ... Intlpls. L .t II bs !i| 94 F. T. of It-il. 0s bb Mer. H. Ac L bs let 1! ... New Tel. L. I>. bs 97 N. vv Tel. Ist 0s 97 South, Ind. I’ower os SUV. 91 c. LIBEKTV BONDS. Kid. Ask. I.ibertv Ist S 99 $4 99.91 Liberty Ist 49s ln2 99.92 I.iherty 2tol t’is 99' i 99.9.; Liberty ::rtl 4';s 94 s ; 99.9 1 Liberty Ith 4’vs 99.92 99.9s Victory 4 : \s 100.7*2 100.02 •SI,OOO Liberty Hist 4’js at 90.92. —Sales sl.oiK) Liberty third 4>49 at 99.5 G. $3,000 Liberty fourth I'is at 99.55. $15,000 Liberty fourth. 4 ! ts at 99.91. SI,OOO Vi. t'-r; 4-1,8 at 100.52, $2,000 Liberty fourth 4* s at 99.90. $5,000 Liberty first 4V,s at 99.92. Total sales for day, SIO,OOO. ST.VMIAKII OH. OF INDIANA. Total sales. 94.e0n shares. Open. 118%; high, 122; low llSfk; close, 1211s. NEW VOliK Tt It l' ENTINE. NEW YORK. May 29.—Turpentine gold at 99 me per gallon ii trade ou the market here today.

bettor tiling even than to bring the baby saf.ly through It, for it takes a good while to restore a child to perfect health even alt-r a mild case, while It may take: Mouths if the Illness has been severe and ! prolonged. I Wednesday the value of nursing.) A‘. Y. Stock Exchange ———— (By Thomson & McKinnon) —May 29- I’rcv. High. Low. Clos-. dole. Am. Sl.'p A C.... 20 2;% 2.;" I 'J-'v Rub .c .... > i: js 10"* A..?d ' ; -.Heal 71-% 70% 7"% 71 .Vi::- *. a . I,; —r> . i'l i 49% T' * 4 49-?, Am. 1'- ' Sugar li v 4i -* 41 A-11. It. Mag ... 4:<i a p; 17% 4t| A 11. • 4?\ Is-I -Is S 4S-\ a- . < .:r A l-'dy.ioi l . i-.g !• I t -i i. : - 111a 1!" ill l .. DOS ■' i. ii ai. !*■•:. ;r, vr- 4 71 % 71 >?j A . I:.- - - 1 -rp 40 4 48% ts', 49 A a. !.-. • DC. 115 11'. m?* \ 8 •ii and;?. ;;st 4 , s its >l, A'. K.:l >v Ref. ('•'% 65% la.’, Ik*)l. 4 *t .-•..r i:--t. .■* - 4 76% 7- * • ('.*• A to. S 1■ : . . (I. 47 1.7 47 42 1 2 A:- J--. A T-1..’2.i : ; 123% 122% 1-3% t. io‘. .....ir, -, m-% ni x m . Ant. V den . 92% 92% 92% • Vi; ' i .**• s j •dY i tl's iiD'h ■'U . n pi-m I*si . pKP-j Pn) At .Vast !.. 10:;% ]|>4 At. A (V. I. 43% 42 42% 42 \ --I Nichols -"a -".'Vj 30l, t till i id I. o ....11:0 . Us-J ltsi.j lift 1!. .V n -1 49 51 ASH I’etli. St -el 1 1!' 7'-% 77% 75% Br. , b. It. T. . 2>\. 27% 2*5% 1 ,!; J i-tt ..... j ID Iptg fill % -t.li nl\ Ky.1 112:14 112% 142% '■ .r.t! I pi 4*l 4 1 39% i'ii ■■ i Motor . 7o 7.T• i T.'-'j .... I '. .v < sis s s-% (is ' M.y.<! ]■ e. 2'. 25% 2-*% 1M ‘ -'. I’. 1. . ; 41% It’s 41% 1 A N. efij 7- 7l>’i .... c i.. I. .- I' -. p; % ; % p;% 4% 1 !;ia t 1 c t.f.i, i 't si srp.j ■7 : fd. : - 97% 97% 97% 1 hi:) •' . r .21 22% 23 22% 1 1 ' -mp. A I'af. C/.i' j .... (JIN - ■ < ■; p* r... 32 % :-_ 32% 31% * * a ’'l% • r. a- iron., r.t 34 34 1 1a5.... 1 ]7 T 7 117 117 117'a * • ?.*.n 1 '.in ..,, (..: . ti* % (I. % (. 1 1 ■ ' rn 8r... s. l(*2 ? b*-% b-2% lii'V I * i Si.--!.. 7''.% 75% 7.5 : a 75% I , A- So ar '75 , 2.' % 25% Cub. ( i*• Sug. 17% Id j ld% ld% D-l A II u-1 sc -i. 125 125 12.5 il. 1. A 1.aeka...125% )2-% ]2.'*'i 125% | D.*-.e Mines.... 29% 29% 29' 4 29 • Erl** ls% 17% l.s IS 1. - l-i pfd ... 2i% 2i'fi- 4 2i’% 29% lindi tt -1 ... st s;% s4 Kt% rumen I’lavers 57% sr, , .mp, Ss\ 1 i.<k Kao. (%.. is% ls% is.% is i, ii -al Asphalt ♦%% fll% iVS lA r \ ' - 11. 1 i--.it s 70%. 75% 75% 75Va i, t*. I.e trie ~. 11-. 4 id j 1* 4 .... >■■ M-tors.... 11% 11 ’ j 14% 1.4% lioi.dricb ... ... 11% 421 j 4 !•% 42'., ip. v•.r. ifd .... 7*- j 77% 77 T ANARUS 77% (it. Nor. (if . ... 11 4Oh 41'% 4U% f St.-lfi s S*. 55% M-s 84% Kt% Motors... 21 2" r % 20% 20% 11-nticn "i; M% SO?, 81 81% liltit. t (s‘urr.al .107 lod'j .107 107 I-, lb %*iu.t ..... t % t % 4 % 1 % 1 i-a i Mpp.*r. M% 1." 4 43% 41 Ir. Harvest .Pd% lo:; .104% -03 I : w. Ni- ’l 1... is IK 1H is% Ini-r. I'aoer .... 5.5% 52% 7,2% 52 In- in (:; I!' is% 18% IH% I\ -v t•,i • T'r<*.. 32% 21 % 22 21% K . and Tire... 5.’% 51% 52% 51 K pii. i ■- - .-r.. . 39% 38% 39% 38% I. > Tire 31 33% of 33% Lima la- a. Hid ill 114 115 Lehigh 1 'lev.. 07'% (-<:% tldj-i 07 la a ? . I,a !7 17 17 Mart'll I’.arrv... 35 31% 31% 34 5 , Marin-com 21%, 24% 21% 2Hi Mu 'in- pfd. ... sp, 83% 83 V, 81% Maryland D11... 30% 34% 35% 3.4%') Mex. Bet 139' 4 138 13S1 13(1% Miami Copper .31 30% 31 30% Muaw.il A 73% 72% 72% 72 Midvale steel ..11% 41 41% 41% M. Rue. Hr. ... 21% 24% 2!% 23% M. B. Re pfd. -8 57% 5S 57% Mont A- W. .. 24% 21% 24% 24', Nut;.,pal I.e-if . JMI% 95?-, IKI 'Klt.s N I'o-a ('upper 19 18 "■ \ 18% js.% N. V Cent Ml .91 % 91% 01% 91 New IL'IVCI ... 31% 33% .*.".% Norfolk A \V. .109% 108% Ifiti 107% N-i-th. Bae. .. 78'- 77% 77% 77 * iv.ell lio-tlt* ... 3'l 7 ‘, 3l'fi j 3(1% 3f>% B A- Refiners . 47**1 47 47% 47 Ete ilie Oil (1.517 l',t% 04% V.4 T k Ban. Am. B. 09% 09 69% os'/ 2 11.I I . ina. By. .. 42% 42 42% 42 IVr- Maroitetto. 31% 33% 34% 33% Pierce Arrow .. 19% 19% 19% 19% Pic; e Oil C 0... to 9% 10 9% P Bui Car 123 122% 122% 122% Bure nil .32% 32% 22% 32% Reading sg% m% 81% BTT l!i*;i I A S 78% 70% 77% 70 K n Steel 35% 35% 35% 3514 R Dutch of N Y 04% 03% 04% 04 P airs Roe 30% 79% 79% 79% Sinclair 30% 30 3V* 3% Superior Slt-cl.. .. ... ... 35% Southern Rueific 93% 93 93% 92% Southern Ay... 25% 25 25 % 24% St.L. A SAY Uv. 31% 31% 31% 31% Std. 0:1 or Cal. ,11!(% lld'i 118% 115% Std. Dll of N. .1.193 189% 193 190 M.L. A S.F.eom. 30% 3f4 30*4 29% S engirt A- War. 14% 44% 44% 43% Strom. Curb 50% 55 % 55% D4 Studeliaker ....125 323% J2l 124% Tex. Das A Sul.. 47% 47 47 40% Tex. Cor I A Oil 29% 29 29% 29% 9.-MIS Cos 43% 49% 49% 49% Texas A 8ae.... 31% 34 34 33% Tob. Products.. SI 78% 80% 79% Trans. Oil 19% 18% 19 19% I i.ion Oil 24% 23% 23% 23% I niioi B.icilie . .141 Vi 140% 141 140 I nited Drug SI 78 7.8 80% Bnited I mil 140% 140 140 C S. It. St'irce. 71% 70% 70% 70% f. S. Castiron I*. 31 % S3 34 .... 1. S. In. Alcohol 59% 58% 58% 59 f S. Rubber.... 00% 04% 05 s 4 04% B S. Smelting.. 45% 45 43 45 ♦ l*. S steei 101% 100% 1(10% K>l% C. S steel pfd..119% 110% 119% 119*4, (•tail Copper 09% 09 09 % 0.8% Van. Steel ...... 49% 49% 49% 48% Wabash It's 13% 14 13% Wabii-ti Dt pfd. 31% 33% 33% 33% Wi.rth. Bump ..52 52 52 West. Bae 21% 21% 21% 22 West. Airbrake. 95 95 95 Wes*. Klee 02% 02% 02% 62% White Motor* .. 18% 48% 48% Will vs Overland 10 9% 9% 9% Willie Oil 1" 9% 10 9% Wise. Central... 30% 30 30% Wilson A C*. .. 4i‘/i 44% 44% 44% ‘Ex-UiviUend.

INDIANA DAILY TIMES.

STOCK MARKET CLOSEIRREGULAR Industrial Sustains Losses in Final Hour of Trade. NEW YORK. May 29.—The market closed irregular today. Southern Pacific was In supply, following the reverse Supreme Court decision, falling over 1 point to 92%. The industrial issues yielded about 1 point from tbe high levels. United States Steel falling from 101% to 100%, while Republic Steel broke 1 point to 77%. Baltimore & Ohio touched 51, a gain of 2% points. Studebnker and Mexican Petroleum receded about 1 point each. Government bonds were unchanged and railway and other bonds irregular. Total sales of stocks for the day were 1,304,000 shares; bouds, 512,009,000. (By Thomson & McKinnon.) —May 29 The present stock market Is as different from tl'.ose that we had in former years as world conditions are different from what we were plased to term “normal.” There are no rules or precedents to guide us. as these have all been shatter'd many times. The market has Ignored unfavorable developments an>l has responded readily to everything favorable. Today the news was good. The market was good. There were new converts to the Dull side. Shorts covered and longs increased their holdings. With a few days of sm-h trading wo wilt again develop an unhealthy technical situation. Notwithstanding the fnct that everything commercially is moving along in a satisfactory manner, and that we have been promised something definite In regard to a "three-company” steel merger in a few days. The size of a long interest is one market proposition that always will be a subject for serious consideration and when 1 overextended will have Its effect sooner or Inter. There ean be no room for argument as to the favorable developments In all di reetlons. hut so long as the public is determined to carry an undue portion of the load, it becomes very essential to pursue a conservative course. TWENTY STOCKS AVERAGGE. NEW YORK. May 29—Twenty Indus trial s'oeks last Saturday averaged 95.47, up .42 per cent. Twenty active rails averaged 86.60, up .33 per cent. CLEARING HOUSE STATEMENT. NEW CORK. May 20.—Exchanges. $367,000.J0fii; balances, $30,600,000; deral Reserve P.ank credit balances, $51,200,0ut 1 .

Money and Exchange

Indianapolis bank clearings M-uday were $2,743,0**0; bank debits, $ 4,731,1*' 1 . NEW YORK, May 20— Demand St.-r ling was steady iff trading ou the foc-.-tgn exchange market today, being r .iB-d at $4 45. Franc cables were 913 ~ ; checks 9.13%C. Lire cables were 7* _; cheeks. 5 27%c. Belgian franc cables w-re 8 : v-,r checks. 8.45’,iC. Mark-* wet' .I'uudy,.Guilder cables were 39 iC><*; checks. ;;u • Swedish kronen cables were 25>7e; cliecks, 25.2.8 c. N -rway kronen cables were ls.UOe; checks, isoic. Denmark kronen cables were 21.84 c; checks, 2179 ;. NEW YORK BALL MONEY. NEW YORK. May 29. Money fall money ruled 4% per cent; high, i% per cent; low, 4 per icot. Time rates iuu ; 4H4% per c-nt. Prime tncrchantil** p.i per, iimet. Sterling exchange was >t >!> with business In bankers' bills ut $4.14 - for demand. MOTOR KFA'I ItITII.B. (By Thomsen A McKinnon.) —Slay 29. —(losing Bid A-4 Ear! Motor* 3% I Packard com Ii 4 15% Packnrd pfd 90 IV -rl> s< !' . i.. Continental Motors com ■* s% B-utluetit.il M-'-rs pfd. 8> Hupp com 21% 21% Hupp pfd 98 I'D Keo Motor Bar 2> % -9 Elgin Motors 2% 3 Grant Motors •'% •% Ford of Canada ~575 3Ss5 National Motors 2', 5 Federal Truck 19% 21 Paige Motor* 21 22% Republic Truck 9% lti •>„ At TIVK OIL BTO KS. (By Thomson A M-Kli.n-n.) May 29 —opening Bid. Ask. Anglo.Amerlcau Oil 2(>% 21 % 80/tie Scrymser . 3O* ...".-si Buckeye I'lpe Due 97 99 Ctß'sebroijgh Mfg. 80nn...... I'.si 2'i Conr. Oil ('tdoradn 110 115 Oosden Dil and Das 5 s Bros cent Pipe Lino . 5'5 5s Cumberland Pipe Line 135 145 Elk Basin Pi le V ; Eureka Pipe Lino 9'. !>8 (iao na Signal Dil pfd I<K) IUS Gal *nn signal ' >*l com ...... -1 57 Illinois Pipe Line 177 l*st Indiana )'!;>o Line 91 PS Merritt "I! 12% 13 Mbl'Vi-st Dil 2 --. 4 3 MMsiot Refining Pie* National Transit 39 tin*s New Volk Transit 175 Imi Nor hern Pipe Line In 7 Inn Ohio '*ll 310 330 Prairie Pipe Lino 2-4 4 247 S.'.pulpa Refining I'i' 4'j Solar Refining 350 370 Southern I'ipo Line 100 lot Souih Penn oil 213. 220 Soißhwest Penn Pipe Lines. o*l r,n Standard DU 80. of Did 118 11.8% Standard Dil 80. of Kan.... 560 sS‘* Standard Dil Cos. of Ivy 94 91% Standard ('ll Cos. of Neb 190 209 Standard Oil Cos. of N. Y 41 o 415 Standard Dll 80, of 0hi0.... 400 l-si Sveari A Finch 3(1 40 Vacuum Oil 440 415 Washington Oil 20 30 CHICAGO STOCKS. (By Thomson A McKinnon > Open. High, Low. Cfie-c Am. Shipbldg... 80% Ann. A Cos. pfd. 97% 97% 97% 97% Arm. Leather.. 12’% Arm. L-nth. pfd. 86 86 85 85 CC & C Ryu pfd. 7% 8 7% 8 Com. Edition. ..130% 131 130% 131 Conti. Motors... .8% 8% 8% .8% Earl motors.... 4 4% 4 4 Libbv McNeill.. 2% 2% •_>•% 2% Montgy. Ward. 24% 24% 21% 24' . Natl. Leather... 2% ...." Natl. Lea. new. 8% 9 R% s% Pick A Cos 27% 27% 27 2T Pig. Wig. “A". 4.8 48% 47% 48 Quaker Oats... 90% 90% fio <io lleo Motor 20% 20% 26% 20% Stewart-Warner. 4!% 41-"% 4 1 41'.. swift A Cos 103\ 103% K3% 103% Swift Inti 20% 20% 20 ' 20 Th impsn (J. R ) 49 49 48M, .p In. Ca. & Ca.. 57% 57% 57% 57% Wa.il 654% Wrigley 102% 102% 102 102 Wellow Taxi... 75% 75% 75 75 Scars-Koebuek.. 80 80% 80 80 NEW YORK SUGARS. NEW YORK, May 29.—Raw sugars were steady today. Culms sold at 4.23 e per lb. duty paid, and I’orro Itieos ut 4.25 c per lb, duty free, delivered. Refined sugars were firm, fine granulated selling at 5.50<1i5.00c and No. 1 soft at 5.20©5.50c iicr lb. V NEW YORK RICE. NEW YORK. May 29.—liiee was dull In trade on the market here today, domestic being again quoted at 3%'(Vt,7%e per lb. NEW YORK WOOL. NEW YORK, May 29.—W00l prices were firm in trade on the market here today. Domestic tleeee, NX Ohio, was quoted at. 38@50c. an.l domestic pulled, scoured basis, at Coe@l per pound. NEW YORK PETROLEUM. NEW YORK, May 29.—Petroleum prices were again steady in trading on the market here today, Pennsylvania crude petroleum selling at $3.25 per barrel. NEW YORK HIDES. NEW YORK, May 29—Hides were firm in trade on the market today, native steer hides selling at 14%-e and branded atecr hide* at IMe per lb.

SWINE 15 TO 20 GENTS HIGHER Cattle Prices Steady to Strong —Veals Rule Firm. RANGE or HOG PRICES. Good Good Good Key Mixed. Heavy. Light. 22. $10.75©10.33 slo.Or, V- 10.75 slo.sr.fa-10.90 23. 10.(55#10.70 10.5071-10.65 10.70 (fi! 10.75 24. [email protected] 10.50 (ft 10.60 10.70 25. 10.75 # 10.55 10.63010.50 [email protected] 26. 10.70ifi10.75 10.50® 10.70 [email protected] 27. [email protected] 10.65 @ 10.75 [email protected] 29. 10.95 @ll.OO 10.85® 10.90 11.00 Swine prices were 15 to 20 cents higher in trading on the local live stock exchange today, with receipts around 6,000, the shipping demand fair and the packing demand brisk. Tae fact that tomorrow is a holiday and consequently packers would have to buy to carry them over until Wednesday, was a strengtnenirig factor. ~ There wiis a top of sll, at which the bulk of tbe sales were made, while there were a very few lights at $10.95 and a similar numter of heavies at $1 Pigs brought the price of the loads and down. Stags brought $8 and down and roughs, $9.7.0 and down. (‘attic* values were steady to strong generally, but there were a few weak spots after the opening In cases of the poorer grades of < at tie. Receipts ran close to 750 for the day arid packers s-ow.-l fair demands. \ i als were steady to' etr*>u..'. with receipts nround .500. tbe quality good and the shipping demand fair. There was a top of $-11. while the bulk <,f the good to choice veals brought $10.50 fen. With 300 sheep and lambs on tae market. and the demand rattier slow, prices were steady. HOGS. 100 to 180 lbs. average $ll.OO Over into lbs 10,8* ..... b-0 to 300 i!*s m s.VO 11.00 Best pigs, under M 0 lbs K* 50Ml 1.00 Houghs 9.0045, 9.65 Stags if, 1 >‘ i 8.(HI Bulk of sales ILo) —Cattle— Few choice steers S.2.>fe 8.50 Prime corn-led steers, I,ool* to 1,800 lbs 7.8-5® 8.25 Good to choice steers, 1,20* to 1,300 in. 7.30@ 7.73 Good to choice steers, 1,100 to 1.200 lbs 7.000 7.25 Good to choice steers, I,'iX) to 1.100 lb C.TOQ 7.i10 Common to iuedi|f:n steers, MW to 1,8( 0 lbs 6.000 C. 50 —(o sand Heifers —- Few choice ! A rs 8.75 Good to (■': i. -if. r.i 8. *Dt VT" Medium ). ' is 7.5 iu, 7.-5 C-intmon to n. -liuui L-.-if.-rs . 6-■ ‘n i Banners ll.ltd<t 4.* Cutters 2.750 4.(0 —Hulls— Fancy butcher Ikiu.i 5.500 6.23 to elm; hn.cher bulls -a 6.00 P. *.-igr.a b .iis 4 cilfe 4.75 Light )..*b . r. ( liulis 37: y 4 2.5 Eight comtii'-n . u..: 3.500 3.75 —C'ulves— Cl.'dee Veals JO i'. Ik D od V. .!s I'M- >i IP 7.1. Medium 9 l >H.i 11.50 <’• ;n tn.qi |o h * . . tgh: \ als 7' <"■ ''•'si Lightweight veals 7.iovt 7.7.0 Stockers and Feeders— Good to ch -b e kteerii under MW lbs 5 850 733 M- •] -;ui e, v, s 2 •(: -i 1 30 id mi s -i-7'o l 5 9U De.'il heifer; and (hi' i 7.30 Medium to g- 4.75 <; 6.00 —una Lainb— Cull owe* £OO *1 to nh'A e tw. .s u 1.00 I’ii* i* > -(f \ s s.i•*: fll 10 - , M l-ui i;•.!ol8 L.u.n.7 , :a

Other Livestock

nii 'Mio. y V- 1! a 15 b0. , 0' market. so-.'i'iv to pt cents low. r: bub. . f M-t •.../ 1" .'. tap. s>t ; h avi, ... .sin o. - 41.-i.. :ia $1".75 1 bC' : ': lights, -!!; i sic let,'-. sill . to O 1.. , • : ■ . S- ath 99. b f'C.i Ml; i I.•kins' - . r . $9 -V-r Cattle- i t .pt s. 20.1"*': ti. rket. s . .Hr. n.~f steers; F p-. i.l ir'ac. syTb't 9 >5; medium : • 1 g- 1. - .■; good and 1 ; .>8..11 and 110 'lie, 57.: ■■ s, ;-i. )•.ut -in r < .?11• •: heifers. La 'as bii; rows, 7 25; Imi is, .<! lif'u b o. I-..; . . ... i , •: t. r.. cues and i :/,. 50; runner steers. $4 75'.. o; v.-n! ■ .< s. li. h; Bml bandy wv ight, $s 25*0-10.2.5 : 1.-ed-r '’.crc '"'it C 111 s , "! •■•■ p, - ' .. ■■■! bbs Shis p and lambs 20.'ll"-: market, sheep Kt s.dv and limits, eems letter ,IT"d (o el.oi" • 1: Ill's, $1 V, 1 I ; . all and . ■ ••up •• lambs, $7. o'.; 10 : spr i:i if?: k 's> ; 1 .e c s ; 7r, • ; I'UlI I lei eolo::i "I ■-v s. <2<.| 1 .... Tilertt ill b. no mar. - I ie ••• IT :,-sd.iy. CINCINNATI. May 29 H-gs tpts. 7.200 . market, steady to PI ccn's letter; all grades hogs. $10.90; notch* $9; stags $4,5. in. ;e Ke, ctpi.g. I .poo; market. steady ; bulls, Steady; e.lit.s. $10.50. Sheep and I,a nibs Roe. ipt s. 2.400; marie t. 50 rents lower: ewes, sPS 5 .41; rh'.l.-e laud s. $10; sei iuids. sln<dl2: riills. $7'59. There will be t.o market hero Tuesday. SIOFX CITY. Mb.V 29 lions- n -iptA. b<); mark t. loago lower; rang-' of prices, S'.ii'o 10. Pi; bulk of sales, $0.91:10 10. i.o i attic li -eeip's, l.iifiu; n;:i rket, fed grad's >!e:idy : grat -u's ami stu. k.-rs, 10.; 15c lower: f-’d sii.rs and yearlings, s7'o .s 50 ;fcd b itelcrs. 7.5 u ; grass butehI'ts, $2.40 .;5 50; st—i.ers and yearlings, $5<H 7. Mheep —Uect ip.s, 200; market, 2uv letter. CI.LVFI.ANT). May 29.—Hogs Keccipts. f.,200; market, neiite; yorkers. mited, mediitms and pig'. $11.25; roughs, $8.5(1; si tigs, $.4,504, •:. Cuttle Receipts. 1200; market, slow stiuply to 10 rents lower: good to choice st--. rs, SV.'iMr.l; good to choice hellers, $7 ,40 0 s.atl; good to ehnloo cows, f.Vo ll; fair to good eotf.s, sK>|s; eonnuon eotvs. s.‘{4; I; good to eholee btiils, ss.so'd 1i.50; milker;;, $55 and 75. Sheep and lambs—Receipt 8, $00; market, steady; top, sl4 25. Calves Receipts, 1.200; market, 25 cents lower; top, sll. FAST BFFFALO. May 29. - Ilogs—Receipts, I.4,i;tnt; market, active; yorkers, $ 11. lord t! .50pigs, $11,50 down, mitted, $11.50; heavies, si! 2.4", i 1,75 ; roughs, s9(d) 9 25: Mag's, s,4.,o(di>. Cattle- Receipts, 2.000; market, active: shipping steers. .50(09.15: butcher grades, $7 .400,5.75: heifers, ss.sords; rows, $2(/; H. 75: bulls, $4 ,0:5.50; feeders, $04,7: milk cows and springers, s!(..■, i:;o. Calves—Receipts. 2.400: nttirke*, slow; cull to choice, $t.50,0 14. Khepu and lambs ileecipts. 4 200. market, slow: good !•• choice jambs, sl9 '517; cull to fair. SUKo.IS; yearlings, so(d 12.50; sl|oep, s4,os. FAST ST. L< *l IS. May 29.-llogs Rc ce.pts, 15,000; market, slrong to 5e higher; mixed and loiteh. rs, Slo.7ociflo.-sfi; good heavies, $t0.115f<;T0.75; roughs, $9.15 ,09.25 ; lights. $10.75(0 H1.,55 ; pigs, $10(,; 10.05: bulk of sales. sPt.7s(d lo.so. Cattle —Receipts, 5.500; market, slow steady: native beef leers, sS.sofd ii; yearling steers and heifers, $5.00rd9.15; cows. st(o $25: sioekcrs and feedis, s■-1.50(0:7.50; calves. $5.00(ot0; cai.ncrs and cutters. $2.75(0 ."-.75. Sheep and lambs—Receipts. 5.5(H); market, steady to strong; million ewes, f i1'd0.75: good to choice lambs, sll (ol2; canners and choppers. $1(5.1. I’ITTSIU’UOH, May 29—Hogs—Receipts, 7.500: market, steady; prime heavies, $11,20(011.25; mediums, SU.-tOfo 1.45; heavy yorkers, $11.405; 1 i .45: light yorkort, sll.s'fo 11.45 ; pigs, sll. lOftf 11.50; roughs, ssf<fs.Ss; stags, ss(o 5.25; heavy mixed, $11.25(0 11.45. Cattle—Receipts. 1.500: market. 25e higher; choice. $5..00(0 it; prime, $.5.25(0!S 50; good. ss.4sof $.75; tidy butchers, $7.75(0 $.50; fair, $7(07.25: coinmon. $0.50(o 7; common ot good fat I.tills. $5(o0: common to good fat cows. $5.40(00.50; heifers, s7s, 7.25; fresh cows and springers, $51K090; veals. $11.50; heavy and tliin calves, s.4'• /$. Slteep and lambs- Receipts. 2,500; market, 25c higher: prime wethers, $7.5(K0 ,s : good mixed, $0.50(0.7.25: fair mixed, $5.50(0.0.50; culls and commons, $;;$(, 1.50; choice lambs, sls; springers, $lO. CHICAGO ritOPI CE. rinCAOO, May 2!.—P. utter—Receipts. 20.000 tubs; c reamer y extras, 55‘.a-; standards. StFc; lirsts. sU'ds4e; packing stock. 19(d 20c. " Eggs—Receipts, 45.000 cases ; current roeeipts. 22'(.,(0 2.4. •; ordinary firsts. 21'afo22<-; lirsts, 25LMo 24 ; checks 20c; dirties, 20W20 , b ! c. Live poultry— Turkeys, 25c; chi<'kns, 24V,*o2Gc; roosters, I4c : geese, 14(1?20c.

GRAIN PRICES . * DROP SHARPLY Heavy Selling by Local Interests Causes Decline. CHICAGO, May 29.—May wheat declined sharply during final dealings on the Chicago Board of Trade today. Heavy selling by local interest and continued liquidation of all grains caused the’drop. Buyers were scarce. Favorable weather reports from the grain belt also influenced the drop. Provisions, were lower. May wheat opened at $1.25 up %c and closed off 6%c. July wheat opened at 81.22%. o jf i 7 ;, c> ,md closed off %*. September wheat opened at $1.10%, up %c, and closed off 2%c. May corn opened at 60%c, unchanged, and closed off %c. July corn opened at 63c, unchanged, and closed off l%c. September corn opened at 05%c, unchanged. and closed off lc. May oats opened nt 3G%e. unchanged, and closed off fyc. July oats opened at 3S%e, unchanged, and closed off %e. September oats opened 40c, up %e, and closed off %c. (By Thomson A McKinnon) —May 29Wheat —There was an early demand today, for wheat from previous sellers bearuse of expected loan to Germany, but, thereafter, the market came under the Influence of idea! weather for this new crop, an easy tone in foreign cables and selling which was commonly accepted as foreign account. At no time during the day has there been any significant buying mid the amount of export business reported bv the s.-ss>onrd is not important in view of the considerable decline in pro -*s. The slackness of the foreign demand is illustrated by a small increaso in the amount on passage, although world's shipments were not excessive. The domestic milling demand docs not improve and is not likely to be urgent, in view of the coming movement of the new crop. Cash markets in the Southwest were the weakest. Heretofore. th>* market has derived steadiness from hedging purchases of tbe July, against sales made for shipment abroad, but this will soon l>e overcome by the appearance -f hedging sales against purchases from r)n> producing section. It is claimed that the farmer is willing to accept $1 per bushel for the new crop. Just now the market is confronted with practically no export or milling demand and very little investment demand, while the crop outlook everywhere, spring wheat included, is most flattering. There is not likely to lie any maintained strength until there arc some changes in these conditions. Burn and Oats —The liquidation 1n wh-at has been effective in corn and eats, but, in addition to this, there la a noticeable inert aso in the receipts of crn at primary markets without corresponding improvement in demand. Shippers of both corn and oats have supplied their Vants and withdrawn from cash markets, leaving industries the principal buyers. These markets, like wheat, have no imm. and (at ■ r. a.so ns for any advance. Provisions —The weakness in grains has l off'ef in 1 he provision market by a and: -appointing movement of light hogs and also by the prospect of a loan to Germany. The market is suffering more lr.uu did'aess than from any disturbing underlying factor. CHICAGO DRMN TADI.E. - May 29 WHEAT— Open. High. Low. Close. M.iv ... 125 1.29 1.19% 1 ins* .la.lv 1 22% 1.23% 1.18% 1 18% Spy... LIU-* 1.19% 1.16% 1.10% BORN -- M.iv 60% .61 J 78% .59% - Ju.’v *3 .••-•;% .61 ... .61% S;t 65% .'%% -64% .64% DATS M.iv 36% .37% .56% .5.6% .Tulv 38% .3.8% .37% .57 c, Set* 46 .40 Vi .09 1 i .50% I’D UK - •M.iv 26. i.akd - Mav 11 40 11 45 11*40 1145 .1 uiV 11 45 11.. V. 11.45 11.55 Sept 11.70 11.82 11-75 11.82 it IKS •j V....! !!!!! mB7 Sej.’l 1180 RVI-. Ma v.... 106% l.(Yi% .97 .97 ,! dy . . ICI % 1.01% .99 .99 S,-pt.... .0.7 ~4 .95% .04 .04 %

rmrUiO ( \SII GRAIN. CilirAOO. Mat 29. —Wheat—No. 2 red. $1 21,'. No. ,4 r.-'i. $1.3-0.1.25; No. 2 hard w itter $1 2.4 t0 .1.271 v I No 5 hard winter. $1 2." 1 -’A- No. 1 northern spring. $1.29: >.• 4 1, •rthern spring, dark. $144; No. 2 tt’-xed, $1.25. Fern — No. 2 mixed, 59*5(0 Ii ■; N- 2 while, 59 : _.(<(HlUe: No 2 yellow, OMOfil t ,•; No. 5 mixed, 59(0010 . No. 5 white. sti'o->tlc: No. 5 yellow. su<o 91 : No 4 white. 554, :,it’sie: No. 4 vel- !. w. 7 11 ■ oats No 2 white. 57 • o •H Uc: No. 5 white, 3f,%(0,59e; No. 4 white, TOLEDO SEED AND GRAIN'. TOLFImi, Maa *9.—Clovcrseed—Cash, $15.75. <>. tdier, $11.15: Kecember, sll. Alsike—Fash, $1150: August, $11.75; October, $11.20. 'l imotlty—Cash. $2 90; may, >:.'9o. .$• pteml .-r, $.4 25; October. $3 15. Wle nt- Fusil. sli2s(nl2C: May, $125; .l.uly, $1 21 Forn—Fash, #ksM>7e. Fiats— Fish, 12 4741'. . Rye—Cash, f1.53%. Harley—Cash, tVSc. Mil MA K Y JIAKKETS. (Kv Thomson &. McKinnon) —May 29 - Ke. ei pis— Wheat. Corn. Oats. St .loseph.... 25,009 (St.tfst 4.oiN> Chi ago fi0.4.0p0 559,1 SO 250.00 Mi1, r ,..|;.,' 8 Ivs I 519.00,1 list,(SSl Minneapolis 274,000 172,i**) lOT.Otsi 1 mint a 4s,tii> NS.(SO 2.1*90 St.' Loulß H9 - .tSMI 228.W<0 28(1.000 'Toledo 14.000 $.990 "S,O itetreit 9.(HS> g. ISSt ,B*l Kansas lily, St'si.o l K> Lvt.tss) 45,’S'" tt: alia ...... 5(,.(551 297,189 49.PIS' Indiana pelis... 1.9(8) 55.090 55,000 Totals 1.450.090 1,791,000 l.trJG.tKKt Year age-—Xfoliday. —Shipments— Wheat. Forn. Oats. St Toseph..., S.iss) 21.91*0 2,(SSI ;-lil,. . 15.(551 OO.ISSI 3.42,*S *9 Milwaukee . . 4.090 104,(5X) 115.<SH) Minneapolis . IOS.IHS) 15.155) 208,(5K1 iniluth 57.155) lc>nis lir.i.iSS) / 5-4,(Sn) 81. ISM Toledo ... 12.(551 I.tXK) 11,000 Detroit 244.155) 25.000 15.155) Omaha 59,000 152,000 SiMSst Indianapolis 14,000 H.tssi Totals Mfi.ooo 410,000 BG3,(S.Hi Year ago— IlolWlay. —Clearances — Wheat. Corn. Oats. New York.... 191,000 B,(*S) 40,(SHt Philadelphia 51.0 W Kaltimore ... G 9.000 T. 9,009 New Orleans. 2(W,O(H) 04.000 • Newprt News 50,900 Totals 4G9.15.K) 1,042,000 40,000 Year ago—Holiday. INDIANAPOLIS CASH GRAIN. —May. 29 Rids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—No sales. Corn—Easier; No. 3 white. G3©G4e; No. 4 white. 62<Bc: No. 3 yellow, G2<d,G3e; N. 4 yellow, luixeu, GlfoG2c; No. 4 mixed, 00@6tc. (>ats F-asier: No. 2 white, 3iH2(*T4o*.£c i No ‘ 5 white. nS'-ToT’O^e. Unv .Steady: No. 1 timothy, sl9.tO(d! 20; No. 2 titniothy, $19(0,19.50; No. 1 light clover mixed, ?lS.oO(tJl9; No. 1 clover, s2o<g2l. —lnsp ctions — Wheat—No. 2 red, 1 car. Corn—No. 3 white, 3 cars; No. 4 white, 15 cars; No. 5 white, 1 car; No. 6 white, 2 ears; No. 2 yellow, 2 ears; No. 3 yelbw t ear: No. 4 yellow. G cars; No. n vellow, 7 cars: No. 6 yellow, 8 cars; No. 4 mixed, 1 car; No. 5 mixed, 2 cars; total. 48 ears. ...... Oats—No. 1 white, 2 cars; No. 2 white, 5 ears; No. 3 white, 16 cars; No. 4 white, 4 cars’; total, 30 cars. Hay—No. 1 timothy, 1 car. HAY MARKET. The following are the Indianapolis prices for hay, by the wagon load, delivered in Indianapolis; Hay—Loose timothy, $lS@2O; mixed hav, *slS(<( 19; baled hay, sls(yjl. Oats—New, per bushel, 42fe45c. Corn—Both old and new, per bushel, 6o(d.oSe. WAGON WHEAT FRICKS. Indianapolis flour mills and elevators yesterday were paying $1.25 per bushel for No. 1 red winter wheat; $1.25 fer No, 2 red winter and according to test for No. 3 red winter.

In the Cotton Market

NEW YORK, .May 29.—The cotton market opened 7 to 27 points net higher today, the new crop moving into new high levels for the season, following reports of rain In the gulf and southeastern States. Spot houses sold early, but Liverpool, local interests and commission houses bought. New Orleans was aiso very firm, doubtless reflecting bad weather reports. Later, the market here was active, but somewhat easier, owing to local profittaking wilh prices off about 10 to 12 points from the early high. New York opening cotton prices' July, 21.10 c; August, 21c; September. 20.58 e; October. 20.75 c; December, 20.60 c; January, 20.50 c: March, 20.32 c. The market was steady the late dealings, ciosiug at a -net decline of 4 to 7 poiulH. - t —Cott'iU Revfcw — NEW YORK. May 29t-The market during the early* trading today was strong, with new l%h prices established for the new eropMiontlis. There were reports of unfavorable weather and many private report.-; estimating the condition of the it-". The great majority indicated a condition well below seventy. , *• uiv s lunge prov-d to be attractive to ('o*' longs, who proceeded to take profits on a fairly liberal scale, giving ns a re actionary ma: ket during the latter fort of the session. tl is possible that subsequent crop deevlonmeiii s may jnstifey further material advances, but so rthe moment, eons del ing ti;.* pro* unity of the Government report the likelihood of Die month dune being favorable, profit-taking here seems advi'-able. COTTON FUTURES. Open. High. I.uW. Close. January 59 •_* .30 20.60 20.1 > March 20.3-2 26 32- H. 9 4 ..19.98 duly 21.10 21.25 He'! 20,--.i October 20.75 2U.8.5 2U.21.47 December 2* .69 26.66 20.23 20.50 LIVERPOOL, Mav 29.—There was a good spot cb maud for cotton f.* lay. Prices were steady and sales close to 16,000 bales. American middlings, fair, 13.46 !; good middlings, 12 41d; fuiiy middlings, 12. lid; middling -. IL'a'.d; low. 11 and ; good ordinary. 10.061 • ordi- ary l-'.lf ! Futures ruled steady throughout the market session. Weather The following table shows the ,va?e of the Weather at 7 a. ia.. May 29, as observed by U. 8. Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind... 39.19 0-> (tear Atlanta. Ga 30.1 4 s'l Bboidy Amarillo, T**xas .. 3n.'>i 60 Bl .u'jy Bismarck, N. 1)... 36.40 59 K-tin Boston, Mass 3o 06 tN ('b ar Chicago, Ii! 30.18 66 Bie.tr Cincin.c ti. Dido . . 30.26 69 Blear Cleveland t.hi,, .. fi1122 64 ('bar Deny* r. CM fin 16 54 BleAdy Dodgn C'iiv, Ka ... 2-M4 5s Bb.ud.v H'-iena. M'-’it 3.0 ts ;Bb udy Jacksonville. Fla... 2‘* * 1 To Rain Kansas City. Mo.. 5 ' 6 4 1 ar E'-uisv;.!' . Kv fio.M 64 * Dir Little R "k. Ark . '■(•■_' CS Cb-ar I.os Patel s. 8..!.. 5’ B ar Mobile. .-Via 29.-a 68 It da New Dri a ; .s. La .. 2'. 1 . s 66 Rain New York, N. Y.. ;-." 16 64 ( ar Oklahoma ‘.’ity ... 3 j 64 c .udy ' una ha, N- '*. ...... : ; *’ ar Phila Dll I V i ■■ 3---J0 66 <'l-:r Pit!.’-'.’ rah. Pa -9 6 4 B’.-ar I'.-.rti; lid. Ore 2... 2.0.22 5s B -ar Rapid City. S. D. 30.2'', 50 B udy lb,s.‘burg. Dr 3" 22 46 t" ar San Antoni ■. Tex is 29 ;*2 72 i'K i tv Sail l r incise Cai. 30.96 4s (•; udy st. Louis. V B ar St. Paul, Minn.... 3o 12 . *: B . , r Washington, I>. B. . 3*1.22 60 Clear WEATHER CONDITIONS. Since Sunday morning *hower have occurred in urea* In tin* northern part of States between toe lloekics aurl tile Great Bakes, in (he eastern <,uH region. nrt in ureas of the eouthwest, bin elsewhere throughout tlw country the wiatehr las txs n gem r illy fair. It is somewhat c* *>l- - over tin* northwest, tint c.s a rule moderate temperatures for the sen-on are general ior practically a ! l ect.ons except the lower Mississippi > alley, wllf-re the readings are a liUle below normal.

CORN AND WHEAT BULLETIN. F-r the t wen 7 ; - four hours ending at 7 a. m., Mon.l y. M y 29, 1922 : j ature. j j , r ‘ ' ,: 1 o Stations of c *, -~f -d Indianapolis „r. ' -f -oDistrict. ijc jjjfjiyC! ;2 j, :11 "j = ■'- Bi; 5i s South Bend ... 79 >2 O 6...-.1 Angola 7 > ?* ' O Good Ft. Wayne 7-4 7-2 I* AVhcatfi.-ld . ..... 8J 7. • ' ii Good Royal Center ... 76 52 ' <> G■> >| Marion 77 .'2 : o G..... 1 Lafayette 79 51 (> 'G“ '! Fa rniia ad 77 4 - •' t -i Indianapolis .... 79 57 ; 6 ; Good Cambridge City. 76 :> 6 (i -al Terre Haute .... 89 76 ; 6 - Bloomington 51 (> G.-. and Columbus *(7 19 i 0 Good Y inct lines - 1 : u i i’lloli 77 72 ! o Good Evansville s<> ‘ 6*) ! 0 j "j. 'fi.“akmlNGton, Meteorologist. Weat’tw Bureau. INDIA N.Vi’CUS PRODUCE, Eggs- Fresh, 22fe'23e. Butter—racking v.tock. I6fe'l7c. i’ouitry—Fowls, 19 t23c; leghorn fowls. 17e; broilers. l%fe'2-lb size, 45c; broilers under 1% lbs. 3.8 c: leghorn In y.iers at discount; cocks. 13c; stags. 13; : young h.-ii ttirks, 8 n, s iUU i tip, 30c; old tout turks. 25c; young torn forks, 12 ll*s up. 36.': cull thin turkeys not wanted: ducks, 4 lbs and up. 10M17c; goose. 10 lbs and tip, Ho; squabs. 11 lbs to dozen, ss.sofeG; old guineas, per dozen, $3. Butter—Local dealers arc paying 35(5£ 36c per lb for butter delivered in Indianapolis. Butterfat— Lorn! dealers are paying 35c per Hi for butterfat delivered in lndiunapoiis. WHOLESALE BEEF PRICES. The following aro today's wholesale prices for beef outs as sold on ihe Indianapolis markets of Swift & Cos.: Ribs— No. 2,17 e; No. 3. 1!e. Loins—No. 2,23 e; No. 3.19 c. Rounds— No. 2,15 c; No. 3. lie. Chin ks—No. 2,10 c; No. 3, Uc. l'lates —No. 2,7 c; No. 3. tie. CLEVELAND IMtODUBE. CLEVELAND, May 29.—Butter—Extras. 4it%'.i.4le: prints, 41%fe>42c; firsts, ..jfi/-lOe : packing stock, I7(it I9e. Eggs— Fresli, 27%0; Ohio lirsls, 24 %c: Western firsts. 24c. Poultry—Live fowls, 27fe2Se; roosters, KifelSc; broilers. 35fe 45c. NEW YORK METAL MARKET. ! NEW YORK, May 29.—Copper—Quiet, nil positions offered, 13%0. Lead—Quiet; nil positions offered. S,SOe. Spelter— Firm; all posi,tious. o.2ofefi.3oc. Marriage Licenses James Miliicin. 3125 Mcßlierson 25 .Maude E. Burns, IK’S N. Rural 2i Josepluis C. (lark, Prior Lake, Miss.. 23 Catherine E. Cox, 1126 olive 22 Klizie V. Turner, 401 S. Ilurding fio lioxie Al. Brunner, 401 S. Harding 23 Deaths Harry Williams. 1, 302!) East Thirtieth, broncho pneumonia. Lawrence Todd Blegg. 4 hours, 3610 Graeeland, premature Dir: ti. Infant Fritscbe, 935 Uigb. atelectasis. Ella Andrews, 38, Ale fiodist Hospital, loiiar pneumonia. Francis Mario Bain 2 days, 1309 North Tuxedo, niiirnl insufficiency. William H.-nry Hanimon, 73. 1211 Reisner, mitral iusufficiency. Harriett Pinkstoh. id, 1914 South Keystone, cerebral li.-m->rraag<*. Bertha L. Keller, (is, 1555 College, cerebral hemorrhage. Mary Booelnu, 38, 3169 East New York, epilepsy. Frank Stewart, 45, St. Vincent Hospital, appendieit is. Mary Ellen N.-vin, 63, 1444 Lexington, pulmonary tuberculosis. Irene Alorian, 25. e.ty hospital, eclapsia. George Max field. 59. Methodist Hospital, fractured skill!, accidental. Marlha Precilia lingers. 60. 910 North Belmont, cerebral hemorrhage.

NAME AID FOR WARCONTRACT FRAUD CASES Former Senator to Help Daugherty Prosecute Profiteers. |j Specisl to Iridlana Dally Times and Philadelphia Po i*'ic Ledger WASHINGTON, May 29.—Appointment of a prominent Democrat, former United. States Senator Charles S. Thomas of Colorado, as a special assistant to the Attorney General, to assist in prosecution of war contraeticases, was announced this afternoon by Attorney General Daugherty. Selection of Senator Thomas, a former member of the Democratic national committee and temporary chairman of tha Democratic national convention in Kansas City in 19U9, is regarded in Washington as lending a final non-partisan touch to the body of men Mr. Daugherty is gathSering around him to bring to justice the : contractors accused of overcharging their : Government though the stress of war. j The Attorney General, in answer to re* ; cent charges in the House of Representa- , lives that war contractors with influen- ! tial political support were receiving lenI iei.t treatment at his hands, frequently i has stated that partisan pressure would , play no part tu the prosecution of the j fraud cases once the feeble organization j inherited from the Wilson Administration ; was molded into workable form. Senator Thomas was in intimate contact with war contract investigation while in the Senate, being particularly interested iin aircraft inquiries. A statement made public today at the Department of Justice - announces acceptance of Senator Thomas, iand adds: ' "Senator Thomas will bring to the Department un unusual and an exact experi- ; eiioe in precisely those matters which will come before him in bis new capacity, some , of the most important phases of his work | in the Be:.ate having dealt with these j maters in some of their aspects.” Because of the additional Federal Grand Iduiy recently impanelled in the District : ' f Columbia, the jurisdiction in which I most of the alleged illegal transactions were made. Mr. Daugherty has selected George P. Hoover, Washington attorney, I as a special assistant to cooperate with I Maj. Peyton Gordon, the United State* j District Attorney here. The Attorney General, who has laid ; emphasis on the necessity for lawyers of extraordinary ability because of the high ; priced legal talent of the contractors they : will lie compelled to meet, explained in [ :he statement that Major Gordon will | handle the criminal cases and Mr. Hoover th.* civil suits to recover against contrac- . tors whom it is presumed were overpaid j intioceuiiy. Assistant Attorney General Grim, who has been studying the cases for months, it was stated, also will particis pate in the work. Making public in some detail the man- ' cor in which the cases will be handled, I the Department of Justice statement coa- ; unues: "It is proposed by Attorney General j Daugherty in effect to create a special ; tribunal within the Department of | Justice, which will constitute a board of I review*. In reaching decisions as to proi ccc-diiig with cases of abandoning the ; claims, the Government will proceed only jiu those cases in which it has reason- ; aide expectation of winning, in order that ■ no excessive cost of litigation may be [incurred. It is the intention of the Dej par:meat to reduce litigation as much ; as possible, to prepare .Til the cases as . fa. reughiy as possible, anil to expedite the business. The preparation of the i cases will, of course, be exceedingly ira- [ porta r.t as the department naturally r- alizcs the Government will have arrayed against it some of the greatest lawyers ; in the United States. "Senator Thomas will sit with the attorney general on this tribunal or board of review, together with such other c. oci.il counsel as have been or may be employed in the different cases as they i "Hie up for consideration, so there will : be at al! times a complete and thorough I centralization of departmental knowledge i with respect to every step that Is taken j or is contemplated in the preparation of j these war contract eases. All of the criminal cases wlil be most carefully prei pared and discussed before this board from ti.c point of view of the probability * f conviction. “Senator Thomas will begin his servlees with the department June 1," The statement reviews the work of Senator Thomas, in conducting, as chairman of a sub-committee of the Semite Military Affairs Committee, a separate investigation of aircraft production. an inquiry in which Senators Frelinghiiysen of Now Jersey, Reed of Missouri, Hoke Smith of Georgia, and New •if Indiana were associated. It also recalls a number of nationally known c.i-'-s eondu ted by Mr. Hoover. Opponents of the congressional investigation of the Attorney General’s proI c- dure in the war cases, proposed in the : 'Woodruff resolution, are expecting the I rules committee to reverse its action of | May 3, by voting next Thursday not to ; report the measure. The committee voted 6 too, to report the resolution May ( 3, but some of its supporters, since Mr. , Daugherty's announcements of speedy 1 prosecutions have become convinced the i proposed inquiry, under those circum- ' stances, would hamper the efforts of the I Department of Justice". | Chairman Campbell, who has held the | resolution in his pocket since that itnie, ! defying a rapid fire of criticism, is exi peeted to move that the committee re- | consider its action of May 3 at the regu- | lar session Thursday. Mr. Campbell voted for the report previously. An ad[ditional negative vote, it is predicted, [will be recorded Thursday by Representative Schall of Minnesota, whom oppon- ; outs of the investigation are stating now I believes it would be an obstacle to rapid ! prosecutions.

Births Tear! and Fernc Andrews, 329 Eastern, boy. B. Af. and Ranslc Uicnccs, 3130 North Western, boy. H. A. and Mildred Hosey, 19i>6 Roosevelt, boy. i red and Geraldine Dyer, 622 East Fifteenth, boy. John and Cora Yitalic, 3142 Kenwood, girl. Hannibal and Mary Hart sock, 1350 North Tuxedo, girl. Robert and Madeline Woods, Methodist Hospiltal, girl. Cedric and Margaret Mac Daniel, Methodist Hospital, boj*. James and Catherine Finncrty, West New York, boy. ' Floyd and Anna Ilardy, 1052 Eugene, girl. George and Louise Brumming, 843 Sanders, boy. Charles and Lillie Kuhn, 1244 Leonard, girl. Carl and Julia Bernhardt, 263 North Addison, boy. James and Lillian Coverty, 237 North Randolph, boy. Michael and Arlie Sullivan, 650 North Oxford, boy. William and Alberta Blankenship, 126 South Oriental, boy. Edward and Josephine Belton, 12244 Spann, boy. , ltaj inoud and Jessie Green, 839 Reach, girl. Harry and Ciotine Cartwright, 826 South Walcott, girl. Frank and Oina Eilis, 712 Madison, girl. Granville and Daisy Swearer, 545 West Merrill, boy. Vernon and Pearl Williams, 1442 Prospect, girl. Grover and Dorothy Kellams, 1313 West Market, girl. Everett an. I Magnolia Spry, 903 East Washington, girl. Ray and Laura Taffee, 11 Bloomington. girl. William and Lula Smith, 1220 North Olney, girl. James and Amelia Maloy, 211 Hancock, boy. _ Alvic and Minnie Huddlcson, IDIS WUcox, girl.

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