Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-01-20

it Pto-oo oil
va pa ~ IL nv o'''0 w.
ana seneca topper.
In the afternoon reactlonary tendency
developed as 4 result Of the rise in call
money TO per cent Some of the morn
inc favori+es slfnnpd b9rl, and bonds
- -. i+b 49, ;,,,-+,- i-.7,o
,uiHeu trsIei' w nc r,,,e 60
lower Toward lhe close GulL d" ld''9
Steel occupied the center OF the stage
with a sharp squirt up to So
Sentiment continues fuIiish in snita of
fbe bordepf,o in tba ca11 money RATE
St - %, - 49, -,
NopSl- I1--' ~ uoAl0 LeD5~A I'm
Pdny.
BY MONITOR.
When n stock advanced nearly twenty
points in one day. as Gult states Steel
in cfTcui5fion. 1t has been evident since
last Friday that connective buying was
in progress. and as the price advanced
rumOrs of the tribuiati0us Of this or that
individual or firm VINO was reported
short of the stock were rife. Firms which
so long ago as the closing days Of De
cember were advocating the purchase Of
the stock, yesterday were advising the
cOrraling OF profits. and in some instances
buying orders were received only where
the customer could pay for the certificate
one or the most interesting Jale9 dHei! IL
the present movement mas TO 40 win
several names Oh prominence IN I1e od ii.-,
ing weird. Inc gentlemen, the story runs
Wnen the mergers Oh t"O nue. el'''g 1T
groups OF stetl com ldHles ny "do ti9 =
cusse9' reallzeu ma GI.i o'~C5S otb
WOuIu DC Seeeii IA L" &, IA
groups. ny ..,-,;,[-t ;,,i, I'D Ia
at uI.3neI AZ d
10 ~ 80 s5 So ~ conId
he nT+ainad was boIcbt HAVING the
tsdtlHi i, T. vs. ~, <coIIeI+ ,,rhae
NO ~. - 60 - ,,-biS -1e,fl+.d sror+ad
- - rraea,1+ me- accor1jnee In mis- ver-
60 eion PriGr IN The var his company
,7nI,,,5 ,nrrovt4,9+efy Il nor share and
fts aseats .sro rI1rf1 NOW nj auYr0xiIulte-
H. SS0 nor Sbdrn
=
American Sugar and Cuban-American
Sugar both have been strong and
Wednesday, and Yesterday made new
high prices for the present movement.
The buying has been attributed generally
to trade Improvement. Investigation in
dicates that there is something far more
based IT is possible that the visit Of
two we'll known fuanciers to Cuba on a
.svacation trim" NAV have had some con
poction with recent Buying orders
Chandler Motors and Studebakpr both
-rora ra.c+ionarv uuJar tha weight of
rrnf+ taking salos There was some scale
t,,Drort in evidence and in the former
Of Ioas+ ronn oP tho stock which was
boucbt racantlz, sunnosedIv for interests
;5o3fifad viii tha company has been
sofa After twelva-Doiut advance with
out reaG'lo4 SOM LIE G'l I, br,i va ~ c g
5Npe-Ieu. 81 Ia f, C,l,i>a,,r ,1,ich
oelo W. - -, -b,--
IePIese!IteU 81 p'i'
coHILdO's'
,-...4-.7 ~. ,-,,,.,l- mitch hos boo,
, AosONi s 20 80 49, ,o,,,- 70 liI, ,-i.,ar
inactive loI sum to - a,l,1la
ousIS- VllenI"7 -" ~ - ~
10 oIl3 oelo'e ' -. ~ last
year was, with the exception o. l5I'.
the most prosperous IN 'Ie nls,41S %
the company II is DeiIeFeu INA. tHe an
uual statement, 10 be maue pubHc snoE l.
ly, viii show earnings OF approx ma ely
SO per share on the common STOCK a4tet
paying dividends on the preferred -
sues. The buying was reported as IOt
the account of important banking inter
ests both here and in the Midie West
Formal announcement was made IN the
afternoon of the ACQUISITION by the
United States Cast Iron Pipe Company
Of the exclusive right Of the De Lavaud
natents for the United States and lis
The manufacture of cast iron pipe is said
to be revolutionary in not only greatly
reducing the costs Of manufacture, but
:, nrodncino HIGHER quality product.
II - Tinted ant tbat with this acdufsi-
- % ib,itborto 1,Ttrie fals are 0updn for
5 5o1io1d IIiC-i,If
Jew
GU. ,.a1;..- s., I,i,-,, Cir and Sarooa
C, '2L'lI y ,,1iaj I(. l1,rIy r1r1ors
nc SClIln9 -" l,rpooe,,fr, ,,, .iron
large operator VINO Lcccu'lf N"' ELseL
market control 0I the sIccAs' accoi u X
to reports. and VINO became u!Ssatsiit ~
with the arrangement. Ihefe was noun
ing Of an unfavorable nature IN con-
nectiOn with either property which ac-
counted for the selling.
Columbia Gas and Electric has been
bought by the trading element in the be-
creased at the meeting Yesterday. The
comnanv reported for December an in
CREASE in net earnings after taxes Of
ScC1-4 and a surDluS after CHARGES of
500 '-n7 r,reotor +bar Tho corros1,or din a.,
Soo,' ~ e 100 iSor Inc vaar not oftaT
ulOliLH ~ - 7.,,,., - 600 90 - .
taxes snoHS 4L ho.,, gu "a
GeGIe@Se III SUI Iii
ia gHI ouartaTlv dividend of Si.a5 oer share.
Selling by traders was responsible for the