Richmond Palladium (Daily), Volume 45, Number 100, 8 March 1920 — Page 12

PAGE TWELVE

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, MONDAY, MARCH 8, 1920.

MARKETS

GRAIN PRICES WAGNER GRAIN LETTER CHICAGO, March 8 The corn market may have discounted the 1:15 reserve report If bullish; otherwise there is no sign3 of any serious receipts at Chicago. Kansas winter wheat ploughup may run 25 per cent. English corn maximums are removed. Just how the corn futures are to equalize with cash stuff is not clear, the cash stun advances a little every day. The report will likely exerclBe very little effect. Locals may continue to buy corn on dips. Oats are neglected. The crowd is in corn and the export oats demand is dull. CHICAGO GRAIN RANGE Furnished by E. W. WAGNER A. CO., 212 Union National Bank Building. Phone 1720. CHICAGO, March 8. Following is the range of futures on Chicago Board of Trade todayOpen High Low Close Rye. May 171 172 169!4 170 Corn. May 145 148V4 144 147 July 138 141 138 140 Oats. .May 83 84 83 S4'i July 761,4 7714 76 76 Pork. May 35.00 35.55 Lard. May 21.50 21.80 Ribs. May 18.40 13.65 (By Associated Press) CHICAGO, March 8. Wheat No. 3 mixed, $2.40. Corn No. 3 mixed, $1.58; No. 3 yellow, $1.591.61. Oats No. 2 white, 9192; No. 3 white, 9091. Pork, nominal; ribs, $17.50 & 18.50; lard, $21.02.

steady; sheep. 15.00.

$5.009.00; lambs, $12

(By Associated Press) CINCINNATI, O., March 8. Receipts Cattle 1,100; hogs 7,500; sheep, 100.

Cattle Market steady; rood to choice $1112.50; fair to go .0 $9.O0 ll.Op; common to fair, $69.00; heifers, good to choice $9.5011.50; fair to good, $99.50; common to fair, $6 8; cows, good to choice, $8 9.50; fair to good, $6.508; cutters. $5.506; canners, $45; stock steers, $6.50 irv 10.50; stock heifers, $6.508.50; stock cows, $5.25 (?E 6.50; bulla, steady; bologna, $78.50; fat bulls, $8.509; milch cows, strong, $60140; calves, strong, $19.0020.00; fair to good, $1419; common and large, $613. Hogs Market Eteady; heavies $15 (fp 15.75; good to choice packers and buachers $16; medium $16; stags $8 9.00; common to choice heavy fat sows $912; light shippers $16; pigs, 110 pounds and less $10S14. Sheep Steady; good to choice $10.00 10.50: fair to good. $7 10; common $46; bucks $48: lambs, steady, good to choice $19.5020; seconds $1418; fair to good $1819.50; common skips $1014.

Goodrich Tires, 72. Mexican Petroleum, 180 Pennsylvania, 42 1-2. Reading, 76 7-8. Studebaker, 90 5-8. Unian Pacific, 122. U. S. Steel, 100 3-4. Utah Copper, 73.

(By Associated Press) TOLEDO, O., March 8. Cloverseed Price cash, March, $33.50; April, $33.00; Oct., $25.20. Alsike Prime cash, March, $34.S5; April, $35.00. Timothy Prime cash, 1917 and 1918, $6.30; 1919, $6.42;; April, $6.40; May, $6.35.

(By Associated Press) CINCINNATI, O., March 8 WheatNo. 1 red, not quoted; No. 2 red, $2.53 2.55; No. 3 red, $2.44(712.46; other grades as to quality, $2.20(2.38: Corn No. 2 white, $1.62? 1.63; No. 2 white $1.601.62; No. 4 white, $1.581.59; Corn No. 2 yellow, $1.611.62; No. 3 yellow, $1.591.61;No. 4 yellow, $1.56 1.58; Corn No. 2 mixed, $1.59 1.61.

(By Associated Press) CHICAGO, March 8 Hogs Receipts 39,000; market irregular; bulk, $14.7515.50; top. $15.65; heavies, $14.2515.15; medium. $15.00 15.60; lights, $15.2015.65; light lights, $14.5015.40; heavy packing sows, smooth, $13.2513.75; heavy packing sows, rough, $12.50 13.00; pigs, $13.50 14.75. Cattle Receipts 14,000; market strong; beef steers, medium and heavy, choice and prime, $14.5016.00; medium and good, $12.0014.50; common,$9.7512.00; light weight, good and choice, 12.7515.35; common and medium, $9.3512.75; butcher cattle, heifers, $7.3513.50; cows, $7.10 12.50; canners and cutters, $4.75 $7.00; veal calves, $15.2516.75; feeder steers, $8.50 11.75; stocker steers, $7.0010.65. Sheep Receipts 17,000; market slow; lambs, $17.2520.00; culls and common, $14.0017.00; ewes, medium, good and choice, $11.00 14.25; culls and common, $6.0010.75.

LIBERTY BONDS "Safety and Service"

NEW YORK, March 8 Prices on Liberty bonds today at 2:55 j. m., were : 3 1-2 $95.60 First 4 90.32 Second 4 89.58 First 4 1-4 91.20 Second 4 1-4 89.78 Third 4 1-4 92.66 Fourth 4 1-4 90.08 Vivtory 3 3-4 97.50 Victory 4 3-4 97.50

large eating apples, 10c each; 3 for 25c. Produce, Buying. Country butter, 50c lb.; eggs, 45c doz.; old chickens, 30c lb.; frying chickens, 30c lb.: turkeys, 45c lb.

LOCAL GRAIN MARKET Richmond flour mills are paying $2.33 for No. 1 Red wheat; $2.30 for

I No. 2; $2.26 for No. 3; No. 4, $2.16.

LOCAL HAY MARKET Steady No. 1 timothy, $30.00 31.00; clover, $32.00 33.00. (By Associated Press) INDIANAPOLIS. March 8 HayNo. 1 timothy. $32.5033, steady; No.. 2 timothy, $31.50 32; No. 1 clover, $3131.50.

BUTTER QUOTATIONS. The wholesale price for creamery butter is 67 cents a pound. Butter fats delivered in Richmond, bring 69 cents a pound.

steady;

yorkers, $15.50

LIVE STOCK PRICES (By Associated Press) INDIANAPOLIS, March 8. HogsReceipts, 6,500; lower.. Cattle Receipts, 1,400; active and strong. Calves Receipts, 400; steady. Sheep Receipts, 50; steady. HOGS. Good mixed, 140 lbs. up, average, $15.0015.85; assorted, 140 to 225 lbs., average, $15.7416.00; ; assorted, 225 to 275 lbs., up average, $1515.40; selected, 275 lbs. up average, $14.50 15.00; fat hogs weighing down to 140 lbs., $15.7515.85; fat back pigs, under 130 lbs.. 214.50 15.00: feeding pigs,

$14.50 down; sows, according to! quality, $11.00 13.00; poor to best s tags, 80 lbs. dock, $10.0013:00; bulk of sows, $12.25 12.75; sales in truck

market, $14.25 15.75 light pigs, $14.50 down. CATTLE. Killing steers, Extra good, 1,300 lbs. and upward, $13.5014.00; good to choice, 1,250 lbs. and upward, $12.50 (a 13.25; common to medium, 1,250 lbs. $12.0012.50; good to choice, 1,100 to 1,200 lbs., $11.25012.00; common to medium. 1,100 to 1,200 lbs., $10.50

11.25; good to choice, 1,000 to 1,100 1

lbs., $10.2511.00; common to medium, 1,000 to 1,100 lbs., $9.50 10.25; fair to good, under 1,000 lbs., $9.00 10.00 ; good to choice yearlings, $10.00 12.00. Heifers Good to best, S00 lbs., and up, $10.5012.00; cnmniun to medium, S00 lbs. up, $9.00(0.50: good to best, under 800 lbs., $10.50 12.00; common to medium, under 800 lbs., $7.00 $10.00. Cows Good to best, 1,050 lbs. upward, $9.50 11.00; common to medium, 1,050 lbs.. $8.509.00; good to best, under 1,050 lbs., $S.009.5l. common to medium under 1,050 lbs., $7.50 8.00; canners and cutter, $4.507.00. Eulls Good to best, 1.300 lbs., upward, $8.50 9. 25; good to choice under 1,300 lbs., $8.00 9.00: fair to medium, under 1,300 lbs.. 7.50$8.00;

common to good bolognas, $6.50 7. CO. j Calves Good to choice veals, under ! 200 pounds, $17.00 18.00; common to'

medium veals, $11.00 14.00; good to choice steers, under 800 lbs., $9,500 common to medium heavy calves, $7.009.00. Stockers and Feeding Cattle Good tc choice steers, S00 lb, and up. $10.00 02' 10.50; common to fair steers, 800 lbs. and up, $9.00 10.00; good to choice steers, under 800 lbs., $9.50 10.00; common to fair steers, under 800 lbs., $8.009.00; medium to good heifers, $7.008.00; medium to good cows, $6.007.f0; good to choice milkers, $110$135; fair to medium milkers, $75100; springers, $7.50 10; elock calves, 250 to 400 lbs., $7.00 10.00. SHEEP AND LAMBS Good to choice sheep. $9.009.50; western fed lambs, $18.0019.50 , good to choice lambs, $17.5018.00; common to medium lambs, $14.00 17.00; good to choice yearlings, $13.00 14.00; common to medium yearilngs, $10.0012.00; bucks, per 100 lbs., $7.0fr 8.00.

(By Associated Press)

PITTSBURG, Pa., March 8. Hog3

Receipts 6,000; market heavies $1515.25; heavy $16.4016.50; light yorkers

$16.00; pigs $14.7515. Cattle Receipts. 1,800; market higher; steers $1414.50; heifers $1012; cows $9.5010.50. Sheep and Lambs Receipts 1,200: market steady; top sheep $15.50; top lambs $20; calves, receipts 1,000; market lower; top $19.

LOCAL QUOTATIONS (Furnished by Whelan) BUYING Oats, 90c; rye, $1.50; straw, per ton, $8.00; new corn. $1.50 per bushel. SELLING Cottonseed Meal, per ton, $83.50; per cwt., $4.25; Oil Meal, per ton, $88.00: cwt, $4.65; Tankage 60 per cent, $117 per ton, cwt, $6.00; Quaker Dairy Feed, per ton, $55; per cwt., $2.85; Salt, per bbl., $3.00. Wheat bran, per ton, $53.50; cwt., 2.75; pure wheat middlings, per ton, $61.00; per cwt. $3.15; standard middlings, per ton $58.00; per cwt. $3.00.

(By Associated Press) EAST BUFFALO, March 8 Cattle

Receipts 2,400; 25 to 50 cents high-! er; shipping steers $13.50l5; butch-j ers $913; yearlings $12.5014.00; heifers $6.5011.50; cows 4.2510 50; bulls $6 10.50; stockers and feeders, $610.25; fresh cows and springers, $65175. Calves Receipts 1,800; steady; $6 20. Hoge Receipts 12.000; 10 to 25 cents lower; heavy, $15.50 15.75; mixed $1616.25; yorkers $16.25 $16.35; light do $15.5016.25 ; pigs. $15; roughs $13 13.25; stags, $8.00 $10.00. Sheep and Lambs Receipts 6,200; lambs 25 'cents higher; $1320.25; yearlings $1218; wethers $15.50 16.00; ewes $614.50; mixed sheep, $14.5015.

FRUIT & VEGETABLES (Furnished by Eggemeyer's.) LOCAL PRODUCE Beets, 10c bunch; leaf lettuce, 30c lb.; head lettuce, trimmed, 40c lb.; dry onions, 10c lb.; parsley, 15c bunch; green mangoes, 5c each; garlic, 75c lb. cabbage, 10c lb.; egg plant, 25c lb.; celery, 20c a bunch; green beans, 25c a pound; spinach, 20c lb.; sweet potatoes, 10c lb.; rutabagas, 5c lb.; turnips, 10c lb.; Spanish onions, 15c lb.; shallotts, 15c lb., 2 for 25c; new turnips, 20c bunch; white radishes, 5c

j bunch; red radishes, 15c bunch; Brus-

sei sprounts, 4uc quart; cauulb.; cucumbers, 35c each; Irish potatoes, 6c lb. Eggs, 60c dozen; creamery butter, 78c lb.; country butter, 60c lb. Turkeys, 65c lb. Fruits. Bananas. 12c lb.; lemons, 40c doz.: fresh cocoanut, 25c; walnuts. 10c lb. apples, 10c lb.; chestnuts, 50c lb.; Malaga grapes, 60c lb., grape fruit, 10c each; oranges, 60c dozen; tangerines, 60c dozen; strawberries, $1.00

quart, rhubarb, 30c lb.; pears, 5c each.

PRODUCE MARKET (Bv Associated Press) CHICAGO, March 8. Butter Market Higher; creamery, 50651.

Kges Keceipts ll.4i3 cases; mar-

ket higher; lowest 37; firsts 4545,,iLive Poultry Market higher; fowls 37; springs 36. Potatoes Strong; receipts 38 cars; Northern white, bulk, $5.40 5.50; ditto sacked $5.20 5.35; Western russets, sacked, $5.60 5.75.

(By Associated Press) CINCINNATI, March 8. Butter fat, firm. Eggs, steady; prime firsts, 47c; firsts. 45 46c; seconds, 44c. Poultry Steady; springers, 45; hens, 33; turkeys, 36c.

NEW YORK STOCK LIST. (By Associated Press) NEW YORK, March 8 The closing quotations on the stock exchange were: American Can, 44 1-2. Am. Smelting, 63 3-4. Anaconda, 58 1-4. Bethlehem Steel "B", 89 3-8. Chesapeake and Ohio, 57 5-8. Chino Copper, 34. General Motors, 302.

5W

LEE REPAIRS TIRES FREE

In addition to mileage guarantee, tires bought hre are kept in first class repair FREE OF CHARGE gainst all conditions not covered by the factory guarantee. This policy ends disputes and gives you a 100 tire guarantee. Ws sell such well known makes as Republic, Miller, Firestone, Batavia, Lee, Fisk, Etc.

12000 Mile Cords

Size 30x3 30x3 32x3 31x4 32x4 33x4 34x4

3500 Mile Tires ,..$11.50 , . .$14.85 , . .$16.75 . . .$21.00 .. .$22.35 . . .$23.00 .. .$24.35

6000 Mile Tires $13.75 $17.75 $20.50 $26.50 $27.75 $28.50 $29.50

AND FIRST CLASS REPAIR SERVICE

$29.75

$36.00 $46.00 $47.00 $48.00 FREE!

WILLIAM F. LEE Richmond's Tire Man" No. 8 South 7th St. Established 5 Years Selling Quality Rubber

PUBLIC SALE

FRENCH SEND REINFORCEMENTS TO GOURAUD IN ARMENIA (By Associated Press) LONDON. March 8. Premier Lloyd George announced in the house of

commons today that prompt measures had been taken by the French government to send reinforcements to General Gouraud, commander of the French forces In the near east, for the purpose of re-establishing of his position and to prevent further attacks on Armenians.

LOSS $3,000,000 IN HOTEL FIRE; SEARCH FOR BODIES OLD POINT COMFORT, Va,, March 8. Firemen, aided by civilians and soldiers from Fortress Monroe today began searching the ruins of the Chamberlain hotel for possible victims of the fire which early last night absolutely destroyed the big structure. Efforts also were being made to check up the 200 or more guests as well as the list of the 170 employes, but this task was slow because the hotel register and other records were destroyed in the flames. There were rumors that two or three persons had perished in the fire, but these were discounted. The Chamberlain probably was one of the best known tourist hotels on the Atlantic coast. The loss, including the effects of guests, was estimated at more than $3,000,000.

Free Service

VICTOR RECORDS ON APPROVAL BY PARCEL POST PREPAID The most satisfactory way to buy Talking Machine Records. Send in for a trial list, keep them 48 hours, and return those not wanted by parcel post prepaid. We only ask that you keep at least one-third of those sent. We have one of the most complete stocks of Records in the United States. Store open every evening.

FREE The new, complete Victor Record Catalog sent Free with your first order. Walter B. Fulghum 1000 Main St. Phone 2275 Richmond, Ind.

DAYTON MARKET Corrected by McLean & Company, Dayton, Ohio. Bell Phone, East 2S; Home 81235 DAYTON, O., March 8. Hogs Receipts, 5 cars; 25 cents higher; choice heaviefl, 240 lbs. upward, $14.75; packers and butchers, $15.2515.50; light Yorkers, $14.5015.00; pigs, $12.00 14.00; heavy Yorkers, $15.2515.50; Ftags, $8.00.00; choice sows, $11.50 12.00; common to fair, $11.0011.50. Cattle Receipts, 7 cars; Bteady; tair to good shippers, $1011; good to choice butchers, $910; fair to medium butchers, $S39; fair to good helfw 79I choice fat cows, $8.00 8.00 t&tr to good fat cows, $67.50; bologna cows $4B; butcher bulls, $7.60&B0; bologna bulls, $7508.00; isalve $1015 Sheejp Receipts, light; market.

ay oraer or ine wayne circuit uourt 01 inuiana, me unuersigaeu aumimsira-1

tor of the estate of Jesse E. Townsend, deceased, will offer for sale, at public auction, on the Jesse E. Townsend farm. 2 miles southwest of Whitewater and 2',2 miles northwest of Middleboro, on TUESDAY, MARCH 16, 1920 Commencing at 10 o'clock a. m. 3 HEAD HORSES 3 One bay horse, coming 8 years old, weight 1600 lbs., sound and a good worker; 1 bay horse, coming 9 years old, weighing 1650 lbs.-, good worker any where; brown horse, 5 years old, sound, good worker, weighing 1350 lbs. 10 HEAD CATTLE 10 One cow with calf by side; 2 steers, weighing 800 lbs. each; 1 red polled heifer; 1 brindle cow; 1 brindle heifer; 4 summer calves. 30 HEAD OF HOGS 30 Twenty-nine Duroc Jersey sows, due to farrow March 25th to April 25th; 1 Duroc male hog 1 year old. CORN, HAY AND STRAW 500 bushels good assorted corn in crib; 5 ton clover hay; about 200 bales of good wheat straw. HARNESS AND COLLARS One set new silver mounted breeching harness complete; 1 set buggy harness; 1 set heavy fly nets; collars and halters. FARMING IMPLEMENTS Good storm buggy; new auto trailer; 1 Troy wagon, new with hog rack complete; 1 new Keystone hay loader; 1 Janesville walking plow, nearly new; 1 riding breaking plow, In good condition; 1 corn plow; 1 three-wing harrow; 1 one-horse cultivator: 1 thirty-foot extension ladder; 2 hay forks, 1 Eagle claw and 1 double harpoon; 120 ft. new rope; pulleys and fixtures; 250 lbs. Columbia hog feed; ldozen stock fountains; 1 sixty-gaL kettle and stand; 2 post diggers: 1 corn sheller; 1 Bet log bolsters: 1 hoe

feeder; 1 corn grinder; shovels; forks, singletrees; doubletrees and manyi

other articles too numerous to mention. TERMS OF SALE All sums of $5.00 and under cash. On sums over $5.00 a credit of 6 months will be given, purchaser giving his note bearing 6 per cent. Interest with approved security. Lunch will be served by the ladies of the Whitewater Christian churchCHARLES Q. TOWNSEND, ADMR. ROBBINS, RELLER & ROBBINS, Attys. THOS. CONNIFF and OMER PLATT, Aglets. JESSE "WTECHMAN, Clerk.

$600,000 THE MEAD FIBRE COMPANY To CUMULATIVE FIRST PREFERRED STOCK Tax Free in Ohio EXEMPT F'ROM NORMAL INCOME TAX DIVIDENDS PAYABLE QUARTERLY ON THE FIRST DAY OF MARCH, JUNE, SEPTEMBER AND DECEMBER Transfer Agents and Registrar THE CITY TRUST & SAVINGS BANK, DAYTON, OHIO CAPITALIZATION

Upon Completion of Present Financing

7 Cumulative First Preferred Stock . . 7 Cumulative Second Preferred Stock. Common Stock

Authorized .$1,500,000 . 1,500.000 . 1,500,000

Issued $600,000 691,900 691,900

There is no bonded indebtedness. Additional First Preferred Stock may be issued only under carefully drawn restrictions. We summarize from a letter addressed to us by Mr. G. H. Mead, President of the Mead Fibre Company. PURPOSE OF THIS ISSUE The purpose of this issue is to provide additional working capital and to make necessary improvements and extensions for handling the increased business. BUSINESS The business of The Mead Fibre Company is the manufacture of soda pulp, which is a necessary element in the production of book, magazine, and other high-grade paper. MARKET The entire output has been contracted for by the G. H. Mead Company of Dayton, Ohio, the second largest distributor of pulp and paper in the United States. The greater portion of the output is sold to nearby mills in the Middle West, which is the natural market. HISTORY AND MANAGEMENT The Mead Fibre Company was organized in 1920 to acquire the business and properties of The Kingsport Pulp Company, of Kingsport, Tennessee. The management has been in the hands of The Management Engineering and Development Company of Dayton, Ohio, since early 1919. This organization of skilled specialists has increased the production from 40 to 65 tons per day. EARNINGS Earnings for the months of November, December and January have averaged in excess of $15,000 per month, or at the rate of 4.3 times the dividend requirements of the First Preferred Stock outstanding. Contracts on hand indicate that this rate will be maintained. EQUITY The appraisal of the properties by the American Appraisal Company and the audit of the books by Messrs. Barrow, Wade & Guthrie, Certified Public Accountants, show net tangible assets of more than $330 per share of First Preferred Stock outstanding. Both the Second Preferred and Common Stock outstanding have been paid in cash at $100 per share. DIVThholders of the First Preferred Stock are entitled to receive cumulative dividends at the rate of 7 per annum before any dividends can be paid on any other stock. SAFEGUARDS ... . f , There is no mortgage outstanding, nor can any mortgage or hen similar to this b irst Preferred Stock (except Purchase Money Mortgage) be drawn without the consent of 75 of the holders of the First Preferred Stock. If at any time four consecutive quarterly dividends are passed, the holders of preferred stocks will share the voting privilege equally with the holders of the common stock. No additional First Preferred Stock may be issued unless the net tangible assets are in excess of 200 of the par value of the then outstanding First Preferred Stock, plus the amount to be issued. SINKING FUND Beginning December 1st, 1920, the Company shall pay annually into a sinking fund not less than 10 of its net. earnings after the payment of all dividends on its outstanding preferred stocks, provided, however, that .the allotment for any one year need in no case exceed 5 of the par value of the greatest amount of the First Preferred Stock outstanding at any one time. This sinking fund will be used for the purpose of retiring each year a portion of the First Preferred Stock at 110 r.nd accrued dividend, unless said stock can be purchased for less in the open market. All legal matters in conne-ticn with the issuance of this stock have been approved by Messrs. Corwin, Worman & Leach, for ihe Mead Fibre Company and Messrs. Craighead & Cowden for the DeWeese-Talbott Company.

Mutual Home Building

WE RECOMMEND THIS STOCK FOR INVESTMENT

Price 97.50 and Accrued Dividend

Dayton, Ohio

All statements herein are official, or based on information which we regard as reliable, and while we do not guarantee them, they are the data upon which we have acted in the purchase of this security. The DeWeese-Talbott Company SECURITIES FOR INVESTMENT REPRESENTED BY F. G. YAGER