davidaulloa/AmericanStories huggingface dataset:
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

Selling Of Cosden was said to have been
for the account Of a recently formed pool
which has acquired an unwieldy line of
long stock. according to gossip. Offer
ings were in unusual volume and ner-
sisted to the lowest eighth. Buying came
largely from the shorts.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
RALLY ENJOYED
BY FOREIGN
STOCK MARKET
Future Hope Based on Out
come of Conference Now
on at Cannes.

LONDON. Jan. 6. The stock market
opened yesterday with renewed dizziness,
owing to scarcity of demand, but rallied
later on moderate support and hopes OF
practical results at Cannes.
The gilt-edged market recovered the
losses of the opening and foreign bonds
were mostly dull.
Home rails held firm, but without ma
terial alteration. Dollar rails were
higher. Canadian Pacific went up TO
143 and foreign rails showed great
strength.
Industrials were better where changed,
notably iron, steel and engineering is
sues.
The oil shares market recovered conf
dence after the markdOwn of yesterday.
INNINGS showed slight gains, with the
exception of American issues, which were
spOtty.
The amount of available credit in LON
bard street was still pronounced and
leaders could not place their resources.
This drove overnight money down to 1
per cent. Day to day money was per
cent and fixtures 3la per cent. Bar sill
yer relapsed to 34Isd and 34asd for spot
and acknowledgement, 1922, by Public
Ledger Company.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
Other livestock

CHICAGO Ian. e-Uors-rocotnts.
o>.ol0; market active and 25m4oc higher
/ bulk of sales, 81 Ju6iS; top. $500 hc3vits.
SI&JliTGA; mediums SI@50>; lights.
$500 $50; light lights, $>.25H $50; heavy
packing soWs, smooth, S52JH7; packing
sows. rough. $4,000; pigs s. ljuSJo.
Cattle-Receipts. $500: market active
and 150 2Jc higher. Beef atecrs-C Choice
and prime $3m10 medium and good,
S7H9. good ana choice. s. 4001u; com.
mon ana medium, SJN50N40 Butcher
s7a mis- s5 o,1 $4 e. cows SI99e
tcrs-Cows and haifcrs. S335H855: can
ler steers. S3.251 10; veal calves. $3.50
t:9 %. feeder steers, S5uG5U; stocker
steers, $i-JM640; stockcr COWS and
hoiicrs, S5m l.,J. Sheep aad lambs-Re-
cripts. 1000; market generally strong
90 10 higher. good 20 choice lambs, Sii -
M123J; Gull aud common lambs, SS1J1i
II; yeariug wetbers. SS.tDfln. ewes.
Sf25M6.tJ; cUll and common ewes, $-tl 81,
feeder lambs. 50 Z5WIi.
CINCINNATI. Ian. C.-TToes-R occipts
: 500. market strong 10 DC higher /:
bsayies S1T5llNg5: mixed $50:
mediums s. so. H-bts aud pies. So:
rouShs, $500; stays, $3.50. Cattc-Kc-
ccipts. LOO; market weak TO Zoe lower;
She stun steady; bulls strong: calves. ST..
sheep and lambs feceiplS 500; m"rkgJ
strong to 5oc higher ewes, STA 400 +;
bucks, 81; choicH lambs, ST.; seconds,
s. so; culls, $LJ0MJ.jo
CLEVELAND. Jan. C. - Hoss-Re-
ccipts. 1900; market lJc 10 PC higher:
workers. $50; mixed. SS.4OUS. 90: me
diums IFS iOmS %; pigs, 50. rou2hs So:
sfars. ST. CattIe3Rccoirts 250: market
steady good TO choice steers. S7.75mS - ;
good to choice heifcrs, Sl75m575; good
To- choice COWS, 5000 %; fair to good
cows, $223Gi3.23; common cows .@29i
Ia good TO e ChotCe puIs' 1922" - 30
mixers, .$99H9O sheep ana lambs &e-
Ge,Pts l"' I 9i9r -Zt 9 a2{Ge 4 4nto;, ne
POO marbc SOC lower; top, Sl2.
EAST ST. LOUIS. Jan. G.-Hoes-Re-
CENTS. 1000; market. steady to > to pc
,.noI baayi~s 81 7oe,7 81. ronrbS 81 Ma,
ZOO "e"' e. - % - III.
70: IlEhls' go" o'0U IIsS' FN't N-'' uuIN
Of sales, S, 73@7. cattle Receipts Lou ;
market, slow; native beef stces. $'HS
ycarling steers and heifers, $7mS; COWS,
So 25Mj25; stockers and feeders, $I@5U
) 80: calves, S250d9: Gamers ana cutters.
s. 25m325. Sheep and lambs-Eeceipts,
GJO. market StCadv. mutton owes s aOHy
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
SWINE PRICES
Is CTS. HIGHER
Trade in Cattle Is Active
Lambs Strong.
RANGE OF HOG PRICES.

With receipts around G.5OO and both
packers and shippers with eastern house
connections displaying fair demands,
swine prices were % cents higher gen
orally in trade on the local live stock
market today. There were spots, how
ever, that were even more than % cents
higher.
Practically all of the receipts had been
sold at an early hour in the forenoon.
Light swine brought $3.50 generally,
but there was a top of $50 on few
light lights and pig weights. Heavies
brought $7S5@S and mixed and mediums
$S.25. Roughs sold at $3.50 and down
and stays at $5J5.50. The bulk of the
sales for the day ranged at $S@S.50
Trade in cattle was active and prices
were strong to % cents higher on good
cattle of practically all grades. Receipts
ran close to so and a fair clearance was
anticipated, with all the packers active
buyers.
Calves were steady generally, with re
ceipts close to 800 for the day, the quail
ity poor and the deMand fair. The top
OF $l2 of the previous day was main
tanned.
Sheep were steady and lambs strong
to = cents higher with receipts close
to 400 and the demand good.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
CLEVELAND PRODUCF

CLEVELAND, Jam. B.-Butfer-ENtr3,
in tubs. 431a@44c; prints, 42120 43c; ex-
ira firsts 421%@43c; firsts. 4112@ 44c; sec
onds, 340&4lac; packing stock, 23@
241Ac. Eggs-Fresh gathered, northern
new cases, 3Sc; old cases, 44c; western
frsts, new cases, 43c Poultry-Live,
heavy fowls, 29@30c; spring culls, 23@
CSC; spring ducks, 32c; turkeys, 38043c.
Observation-Disclosures $3.50 for 15O-lb bag
potatoes-J erseys. $40 per hamper.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
LIBERTY BONDS.

No. 4 white, 4s1s@4915c; No. yellow,
4SisM49zc: No. yellow, 47l2d+Slac
No mixed, 47G 4Sc; No. I mixed, 46l2a
4Tc.
Oats-Firm: No. white, 3sd39c; No.
3 white. 3Giam371aC.
Hay-Steady: No. I timothy, Sl750d
Is; No. . Timothy, $17d17.50: No. light
clover mixed, SIC 50G17; No. 1 clover,
S19G20.
inspections
Corn-No. 3 white, cars: No. white,
10 cars; No white, / car; No. white.
3 cars: No. 3 yellow, ; cars; No. vel
low. Il cars: No. > yellow. Is ears; No. 6
yellow. IL cars; No. { mixed, $ cars
No . mixed. ears; total. IS cars.
Oats-No. white. cars; No. 3 white.
10 cars; No. 4 white, cars; total, II
cars.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
PITTSBURGH,
INDIANAPOLIS PRODUCE.

Ale per ID. for butter delivered in Indi-
"'i Ef'gags-Loss off, 47c Butter-Pack-
ins Stock, lie. roultry--Fowls, IG@23c
springs, 19c; cocks 11Q12e; stays, 13c /:
Young tom turkeys, II lbs. aud up, CSC
Old tom turkeys. 33c; Gull thin fHr''
keys not wanted; ducks, lbs. and I'm.
1Gs: ducks, lbs. and up. 1Sc; geese 10
lbs and up14c;, rabbits, drawn, per
dozen $3.50; squads, II lbs. to dozen. Ks
Young guineas, 2-lb. size, per dozen, 81
as: old guineas, per dozen, So.
Butterfat--LOcaI dealers are paying
42c per pound for all butterfat delivered
In Indianapolis.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
CuCAGO pRODUCE.

CHICAGO, Jan. G.-Buttcr- receipts
200 tubs; creamery extras, Soc; tirsts,
29@34c; packing stock, 1S@2Sc. Eggs
Receipts, 800 eases; current receipts,
3G@3Sc; ordinary firsts, 34or35c; firsts,
39Hc; checks. 2G@2Sc dirties 2S030c
Cheese-Twins new. 20c; daisies. 20d
20l4c; Young Americas, 20l2c; longhOrns,
20Hc; bricks lie. Live poultry-TUrkeYs,
soc; chickens, 22@2Sc; springs, PC
roosters. lie; geese, 22c; ducks 2Sc.
Potatoes-Receipts, II cars; Wisconsin
round whites, $1.90@21O per 150-lL. bag;
Michigan round whites, S1.90@2O5; Ida
hos s. 1OGI2 %
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
In the Cotton Market

NEW YORK. Jan. G.-The cotton mar
ket opCled quiet and irregular today,
March being 3 points higher and other
months l to 4 points lower.
New Orleans. local and Liverpool
houses were sellers, while spot concerns
bought.
The list failed to rally after the start.
New York opening cotton prices:
I7.S5c; July, 17.29c: October. 1G.41c
Weakness developed again In the last
honr, prices falling to within 10 points
of the early low levels.
There was rally near the close, which
was very steady and showed net losses
of s to 10 points.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
NEW YORK SUGARS.

NEW YORK, Jan. G.-Raw sugars were
firm in trade on the market here today,
Cuhas selling at 3.42c per pound, duty
paid. while Porto RicOs were quoted at
330c per pound, delivered. Refined
sugars were in fair export demand at
steady prices. Fine granulated was
quoted at 4.SO@400c per pound and No l
soft at 1900.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

CHICAGO GRAIN TABLE.
CHICAGo CNsH GRAIN.

CHICAGO, Jan. Wheat-No :
mixed, 81 II; No. red, S1.16; NO. hard
yellow, Slu1ta. C0ru-\o. mixed. -
U4slec; No white. 47i4M4Sc; No
yellow, Il ga i1c; No. mixed and No 4
yellow. 40 "a i7i4c; No. , white. Aga 20
41c; No. 3 mixed, 49, d45tsc; No.
white. avid NO. yellow. 4jN 45i,c Oats
Ne. = white, 36036i4c; No. 5 white, 80 4
N3lc, No. 1 white. 52Hl q 33c.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
GRAIN VALUES
CLOSE WEAK
Buying Is Scattered and Trade
Featureless.

CHICAGO, Jan. 6.-Grain prices were
weak on the Chicago Board of Trade to-
day. Buying was scattered and trade
was small and feltureless. Wheat re
ceipts were again small. Provisions were
irregular.
May wheat opened unchanged at S112
and closed off &c July wheat opened at
$101@, up Ac, and closed down &c.
May corn opened at 53Hc, up &c, and
closed unchanged. July corn opened at
J4Ac, up 1sc, and closed off 1sc.
May oats opened at 3S$sc, up &c, and
closed up 1sc. July oats opened at $3.50,
unchanged and closed unchanged.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
NEW YORK METAL MARKET.

NEW YORK, Jan. G-Copper-Steady
spot. January. February and March, 1875
Gc131ac. Lead-Steady; spot, 4.75@4.90c
January, February and March, 4.70G
4.S0c Spelter-Steady spot and January
offered, 4Bc; February and March offered,
4.90c.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
NEW YORK COFFEE

NEW YORK, Jan. Coffee values
were steady IN trade on the exchange
here today, opening options being IN
changed to points higher. Rio No. Z,
on spot, sold at 9Bc per pound.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

and Philadelphia Public Ledger.
BY MONITOR.
NEW YORK, ian. 6.-Price movements
in stocks were extremely confusing, and
the general impression was not encourag-
ing. The early action of the market
served to stiffen bullish confidence, as
several groups were quite firm and short
covering in a few issues was active AMI
urgent The shorts in American Sugar
were put through a most unpleasant
quarter of an hour, and covering was on
an extensive scale. A good deal of
strength also was displayed by Midvale.
Republic Iron and Steel and Lackawan-
ma Steel on further gossip concerning
the much discussed merger.
These were incidents of the morning,
however, and the market derived Its
character from its action in the after
noon. Marked weakness developed
among the oil shares, equipments aud
motors. Studebaker, Baldwin and
American Locomotive dropped sharply.
This appeared to be profit-taking or
selling for the account Of disappointed
BUYERS. The decline in General Asphalt
was prompted by predictions that the
forthcoming statement would make a
poor showing IN respect to earnings, and
the dividend on the preferred stock
would be passed. This, of course, the
merest conjecture, in spite Of its con-
fident circulation. The same gossip has
been heard in reference to the dividend
on international nickel preferred and in
fact the securities of nearly every com
pany that has been passing through q
period of readjustment and retrench-
ment.
AS matter Of fact, the market is IN
der the depressing influence of two fac
tors. One is a revision Of the technical
position. which evidently has been long
overdue after the rise of the last three
months. Another is the effect exerted oy
the conviction that a number Of CONNER
cial insolvencies is inevitable, something
to which the business world already has
resigned itself, but which is being made
the subject of bearish ammunition at u
time when the technical position Of the
market is unsettled.
Aside from the delay by the Dali
Eireann on the Irish treaty, there ap-
reared to be no news of consequence. -
Copyright, 1922, by Public Ledger Com
pany.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
WUOLESALE REEF PRICES

The Following are t0days wholesale
prices for beef cuts as sold on the In
dianapOlS markets Of Swift & Co: Ribs
No. /, 1Sc; No. 2, 15c Loins-NO. I.
22c; No. ., 1Sc. Rounds-No. 1, 14c; No. =
12c. Chucks-NO. 1, Sc; No. 2, Sc. Plates
No. 1, Sc; No. 2, Sc.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
MEATHER CONpITIONs.

The area of cold weather over the Mis-
sissippi Valley Thursday morning has
extended eastward across the Atlantic
states, while higher temperatures pre-
vail over the plains region and far north
west. Zero weather, however, continues
as far south central Iowa and south
ern Wisconsin. Rains have occurred in
the southeastern States and the middle
and north Pacific region, and light snow
nurries are reported over the Great
Lakes. Elsewhere the weather has been
generally fair.
j. II. ARLINGTON.
Meteorological, Weather Bureau.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

LIVERPOOL. Jan G.-Spot Cotton
was in limited demand at the opening
of the market here today. Prices were
steady and sales around 1000 bales.
American middlings, fair, 13.44d; good
low middlings, 9.S9d: good ordinary,
7.59d.
Futures opened steady.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
(By Thomson & McKinnon)


The stock market was decidedly. less
active and at frequent intervals there
was a tendency toward dullness.
Following an aggressive selling move
ment, this feature ordinarily could be
construed as favorable. SO far as sentt-
ment is concerned, however, was can de-
note no material change.
In local professional circles there is
still a tendency toward the selling side
From commission house circles there was
a moderate improvement in the demand
today, but at no time did this demand
assume important proportions.
There can be little doubt but that con-
fidence was badly shaken. and it will
take little time to overcome the effect
of the bearish developments of the past
few weeks. such rs the passing Of divi-
dends, the price cutting in the automobile
industry, some poor corporate reports
and allowance must be made for further
reports that all will reflect the unsatis-
factory conditions Of the past year.
The one favorable element has been the
easy money market, ample supplies of
funds and reasonable rates.
We have no doubt but that Mt IA
we will have such proposals in refer
ence to merger as will appeal strongly
to the investing public and bring into
the market a demand that will result in
prolonged period of activity. but at the
present time we must deal with the tech
meal position of the market which, TO US,
seems unsatisfactory and we are there
fore inclined to the opinion that for the
present it Is still advisable to market
long stocks during strong market Pc
RODS
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
TWENTY STOCKS AVERAGE.

NEW YORK, Jan. 6,-Twenty indus
trial stocks Thursday averaged 1856, off
% per cent. Twenty active rails aver
eyed 10 So, OF 80 per cent.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
CHICAGO STOCKS.
by Thomson & McKinnon.)
NEW YORK HIDES.

NEW YORK, Jan. Glide prices were
firm again in trade on the market here
today. Native steer hides were quoted
at 154c and branded steer hides at IL C
per pound.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
NEW YORK TURPENTINE.
NEW YORK WOOL.

NEW YORK. Jan. 6.-Turpentine sold
Mt S71ac per gallon in trade on the mar
ket here today.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

NEW YORK. Jan. G.-Money Cali
money ruled AZ per cent; high ~ per
cent: low, 3i9 per cent Time rates,
steady all 5QJL per cent Time mpr-
camille paper. steady. Sterling exchange
was steady with business In bankers
bills at $419 tor demand.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

NEW YORK, Jan. G.-Rice values we're
firm in trade on the market here today,
domestic being quoted at 3hM7Hc per
mound
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
NEW YORK pETROLFUN

NEW YORK. Jan. 6.-Petroleum prices
were steady in trade on the market here
today, Pennsylvania crude selling at $3.50
per barrel.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
TOLEDO SEED PRICES

TOLEDO, Jan. 6.-Cloverseed-Cash
$14; January, $3.50 bid; February. S13. SO
bid: March, $3.50; April, $127J bid
Alsike-Cash, S1140; February and
March. S11.50. Timothy-Cash and Janu-
", $500; February. 1925; March, $3.50.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

NEW YORK, Jan. G-The foreign ex-
change market opened strong today with
demand Sterling 1i2c higher at $i20i2.
Francs advanced Z centimes to SO3c for
ca bles and TO SO2c for checks. Lire
cables were 4.32c; checks, 4.31c. Belgian
cables were 1850; checks, 1859. Marks
were up - points 10 .O0J3c Guildcr cables
were 3GSSC; checks 3G.6Gc Sweden
krunen cables were 2+.7Sc; checks, 24.I3c.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
CLEARING HOUSE STATEMENT.

NEW YORK, Jan. G.-Exchanges
$3.50. 800 900: balances, SO 100. G00: Federal
Reserve Bank credit balances, $J7,9O0,000
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

NEW YORK, Jan. G.-WooI prices We're
steady again in trade on the market
here today.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
Weather

The following taLle shows the state
of the weather at n. m, Jan. 6, 1922, as
observed by L. 5. Weather Bureaus:
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
Money and Exchange

Indianapolis bank clearings Friday
we're s., 22S.00O. Bank debts were So
S07, Geo.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

No small amount of the selling in the
days market was induced by a feeling
vaopment over the week-end.-Co Copyright.
1872, by Public Ledger CompanY.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

Passing of the General Motors dividend
brought a great deal of outside selling
into that stock and a resultant decline
to a new low level. There was an ex-
cellent market for the offerings, and
some firms take the position that the
stock is approaching a level where it
offers attractive speculative possibilities
for the long pull
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

There was some liquidation of lon;
stock in StudeOaker, rs well as in Chand-
Ter Motors. The buying was Of the same
character which has been in evidence for
weeks, and the firms which are buying
indicate that sales during the motor
show will exceed general expectations.
The Buick factory which closed Dec. 3
will resume operations Jan. 0. The H
II. Franklin Company Of Syracuse is
planning Il low priced car and world
admit that competition will be severe this
year, but that the efficiently managed
companies will Show satisfactory profit
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
STOCK MARKET
TONE IRREGULAR
Marine Shares Are in Demand
Motor Issues Steady.

NEW YORK, Jan. 6.-The market for
stocks closed irregular today, some issues
rallying while others continued under
pressure.
The marine stocks continued in demand,
Marine preferred moving up to &C, a gain
of over points.
United States Steel, after falling
point to 50, recovered to S21a and Bald
win Locomotive rallier over 1 point to
947s.
The motor shares held steady.
Government bonds were steady and
railway and other bonds were irreS-
ular.
Total sales of stocks were SIC 100
shares. Bonds, $4,000, 600.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
DAYS TRADING
is MARKED BY
FLUCTUATION
Uncertain Tone of Market
Keeps Sugar Shorts Busy
Covering.
MANY STOCKS WEAK

Special to Indiana Daily Times
and Philadelphia Public Ledger.
nv MONITOR.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06
ua11. STREET GOSSIP BY MONITOR.

TO say that professional Operations
demfnatcd the days trading in stocks is
II 10 use a truthful expression which has
.crept> into the daily practice Of market
commentators but which may convey an
GMneous impression. Were it known
.MYinitely for whom large operators are
.%uying or selling the expression would
Tlose much Of its significance. Price
changes were due in large measure 10
selling by the professional element, but a
large volume of this selling was reported
as for the account of Western houses
1t was to this factor that the rank and file
looked for their cue as to the immediate
future of stock prices.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

One large individual operator was re-
ported to have been responsible for the
advance in Midvale Steel. and under the
cover of the strength in this issue to have
been a large seller of other steels and
the equipment stocks. The advance in
Midvale was accompanied by the thread
, bare rumOr of enhanced value to accrue
70 stockholders when the proposed mer-
ger u the Independent companies goes
into effect
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

special meeting of the stockholders Of
the Guantanamo Sugar Company has
been called for Jan. II to authorize the
issue of $1,000 shares of per cent pre-
ferred stock of 500 par value and Is 900
shares of no par value common. Stock
holders will be given the right to sub
and five shares of common at $40 for
each 20 shares Of their present holdings.
The proceeds from the sale of the new
stocks viii be used it is said, to pay
off bank loans and notes and reduce ac-
counts payable and provide working
capital.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

The oils were the weakest features from
the opening of the market. General AS
pha't was especially weak on a report
that there was some question as TO the
action to be taken by the directors on
the preferred dividend. The preferred de-
ciined more than six points, and the com
mon broke five points. Philadelphia dis
patches Indicating that there is no cause
for questioning the payment OF the diyi-
dend failed to halt the food of selling
orders. There was evidence Of scale buy
ing below 90.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

American Sugar, after opening a p0int
below Wednesday nights close again
was taken in hand and bid up to new
high price for the present movement at
coz. Heavy realizing sales as well as
sales for short account We're in evidence
above $1,000. The price reacted more than
two points before the close Firms which
have been large buyers remain optimistic,
in the long range view, but are non
committal as to the immediate future.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-06

American Locomotive sold at 1O2 and
there was little indication Of inside"
buying even at the low price. Traders
generally We're inclined to believe that
being undone. Baldwin LOCOMOTIVES also
was weak, and the fractional rally at the
close was due only to the covering of
contracts by day to day traders.