davidaulloa/AmericanStories huggingface dataset:
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
INDIANAPOLIs CASH GRAIN
June II

Bids for car lots OF grain and hay at
the call Of the indianapolis Board Of
Trade we're:
Wheat-Easier; No. red, S1O761 90
Corn-Steady No. 5 white, 53G54c; No.
1 white, 52G53c; No. yellow, 521aQ
53Hc; No yellow, 51hG5212c; No. 3
mixed 52d53c; No mixed, 5l952c.
Oats-Easier; No 2 white, 311aQ32c /;
No 3 white. 41@31hc.
uay-Weak No. timothy, S1SG1S.50;
No timothy, $1750Q1S; No. l light
clover mixed, $17@175o; No. L clover,
SI4.5061J
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

Wheat-No. red, cars; No. red,
/ car; No. 3 dark northern spring, /
car: sample, 1 car; total cars.
Corn-No. white, . cars; No. 4 white,
Z cars No. 6 white, car: No. , yell
low, . cars; No. yellow, cars; No. 5
yellow, cars No. 6 yellow. cars; No.
2 mixed, car; No, 3 mixed l car sam
pie mixed car; total, 81 cars.
Oats-No. 2 white, 2 cars; No. 3 white,
cars; No. 4 white, cars; total, II
cars.
Hay-No. 1 timothy, l car.
Number of cars for day, 30.
Main prices quoted T. 0. b. basis, 1870
rate to New York.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
HAY MARKET.

The following are the indianapolis
prices for hay, by the wagon load, de-
iivered in indianapolis:
Hay-Loose timothy, $1S@20; mixed
hay. S1S@19; baled hay, $lS@19.
Oats-New, per bushel, 42Q45c.
Corn-Both old and new. per busheI
63Q6Sc.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
NEW YORK HIDES.

NEW YORK, June 17.-Hide prices
were firmer in trading on the market
here today, native steer hides selling at
15h617c and branded steer hides at
1871 414c per lib.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
WHOLESALE BEEF PRICES

The following are today's wholesale
prices for beef cuts as sold on the In
dianapolis markets of Swift & Co..
Ribs-No. 2, lie: No. 3. 13. Loins-
No. 2. 10c; No. 8, &c. Plates-No. 2, &c;
No. 5, &C.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
INDIANAPOLIS PRODUCE

NEW YORK, June 1.-THE coffee ex-
change here was closed today In observ-
ance Of the Saturday holiday
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

NEW YORK, June 17.-Wool prices
were steady in trading on the market here
today, prices of the past week being well
maintained.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
WAGON WHEAT PRICES.

Indianapolis -four mills and Elevators
yesterday were paying SLIP per bushel
for No. / red winter wheat; S110 for No
2 red winter and according to test for
No. 3 red winter.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

NEW YORK RICE.
NEW YORK COFFEE-

NEW YORK, June 17.-Rice was firm
on the market today, domestic selling at
3A@7%c per pound.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
NEW YORK TURPENTINE.

NEW YORK, June 17.-Turpentine
sold at S1.08 per gallon on the market
here today, being cents higher.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
BOARD OF TRADE STATEMENT.

The weekly statement OF the Indian
apolis Boar dof Trade showing the out
put of flour by local mills, inspections
for the week and stock IN store, follows
COMPARATIVE STATEMENT.
Outpuf of Flour--
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

NEW YORK, June 17-Demand Ster-
ling was quoted az $445 in trading on
the foreign exchange market today Franc
cables were S.1212c; checks, SIZE Lire
cables were 49Sc; checks, / 97Iac. Bel
gian franc cables were S2Sc; checks,
S.Nl2c. Marks We're .O031asc Guilder
cables were IS. &c; checks, 3S.71c Sweden
cables we're 25.S7c.
Norway krOnen cables wero lille
checks. 1709c. Denmark cables were
Il 5Sc; checks. 21.53c.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
TWENTY STOCKS AVERAGE.

NEW YORK, June 17.-Twenty in
dustriaJ stocks Friday averaged 9l.I1,
down IA per cent, Twenty active
rails averaged Sl.91, down 81 per
cent.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
Weather

The following table shows the state of
the weather at Z a. M, June II, as OBJ
served by U. S. Weather Bureaus:
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

CLEARING HOUSE STATEMENT.
NEW YORK, June T-Exchangcsl
1916. 300. 900; balances. $S6000,00oi Federal
Reserve Bank credit balances, $50 ,9OO,OOO
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
STOCK IN STORE.

| Wheat. Corn. Oats Rye
June IT. 1922. $500 800, 900 1872, 400 -.
| June is, 1921. 81 200 1914, 100 267, 220 $3.50
| June 10, 1920. .121, $40 3S1,O60 SLIGO 3,040
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
WOODS REPORT
CONSIDERED.

The attitude OF the Administration, ac-
cording to Secretary Weeks, is based to
considerable extent upon the report
compiled by Maj. Gen. Leonard Wood,
now Governor General Of the islands,
and former Governor Forbes, who made
their recommendations after months of
exhaustive study. This report was def
nitely against immediate recognition and
ascribed much of the present chaos in
the islands to too much previous talk
along that line.
Tho Administration not only has IN
dorsed that report in toto, but has evi-
denced its Endorsement by making Gen
eral Wood Governor General OF the
islands and by bringing all sorts Of pres
sure to bear upon him and the University
of Pennsylvania, from which he has
leave Of absence, to induce him to remain
in the islands as Governor
All this is well known to QuezOn and
Osmena, who, according to their own
statements, intend TO try to counteract
the influence Of the Wood-ForbeS report
in the United States by giving the Amel-
lean people "the true facts with regard
to conditions in the Philippines.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
Money and Exchange

Indianapolis bank clearing Saturday
were $@.II2. eco and for the week end
Ing Saturday, xI9.1I5,0O0. Bank
dobits Sst. Grusly were Sc. S49, 900 and
for the week ending Saturday, S37,-
2S5 900.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
BUYING CAUSES
GRAIN ADVANCES
UnfavOrable Threshing Re-
turns Also Has Influence.

CHICAGO, June 17.-Wheat prices
closed fractionally higher at the end Of
the dull session on the Chicago Board
of Trade today.
The advance was due to heavy buy
ing by Eastern interests and discour-
aging results Of early threshing In the
Southwest.
Corn and oats closed irregular.
ProvisiOns were irregular.
July wheat opened at Sill, unchanged
and closed &c higher. September wheat
opened at Slip, UP &c, and was asc high
er at the close. December wheat opened
unchanged at $115R, and closed up &c.
July corn opened unchanged at &c and
closed up &c. September corn opened off
&c at 65Ac and closed Bc higher. De-
cember corn opened off 1sc at 65Ac and
closed off &c.
July oats opened off nc at 3iAc, and
closed off 1sc. September oats opened I'M
changed at 3612c, and closed off C. De-
cember oats opened unchanged at 304sc,
and closed unchanged.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
STOCK MARKET
CLOSES STRONG
Active Issues Make Gains of
| to 2 Points.

NEW YORK. June 1.-THE stock mar
ket closed strong today.
Many. of the active issues rose from
to e points In the late dealings
especially the steel shares.
United States Steel moved up 97A tc
9SK, and Republic Steel rose ga points
to 69%. while rucible Steel advanced
from 50 to Il.
Az points to AS, fell to 145A.
Studebaker advanced over l point to
1925
Government bonds were unchanged and
railway and other bonds strong. 10000
Stock sales today totalled 4l9'9ot
shares for the week 6,S73,60o shares
Bond sales for the day were $6,14S,0OO
for the week, $7S,391,O0o.
(By Thomson & McKinnon.)
June II
Taking everything into consideration,
we had this morning a state or 1acts
that ordinarily should have met with
favorable response In the stock market.
We had the announcement of the exc
cution of a definite agreement with re-
gard to Mexican finances.
We had the announcement or rur-
Their adjustment of wages Of railroad
employees.
No rifbstanding all this, the market
was decidedly irregular during the hrS'
Mexican Petroleum monOpolized atten-
ton, and, while this stock was at its
best. there was some pressure exerted
against the rest Of the list with good
many recessions. This served the very
useful purpose of demonstrating that at
q price stocks were wanted.
Before the second half of the session
was well on its way early sellers became
eager to recover stocks sold. Some new
buyers appeared
The steel group began to show signs
Of life, and the market looks better and
healthier than in number of weeks.
We realize fully that 1t is as difficult
to be friendly to the market after q
severe depression as 1t is to be I'M
friendly at the height Of the boom, but
there is ample precedent for following
such d course and we feel that the mar
ket may enjoy further recovery.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

nited Alloy Steel has resumed divi-
as on the common after a lapse Of
80 than a year. A payment Of 50 cents
ZARre has ordered, as compared with
se2k disbursement Of 81 per share
lsde Jan. g, 1921.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

Mexican Petroleum worked into new
Ugh ground above lis and closed around
BE high. Statements from Mexican Pet
bleum and Pan-Anerlcan are due soon,
5hd il is declared in some quarters that
shese viii be as good as any the COM
L, MES have ever shown. One report
current in Wall street. has It that Mex
IAN Petroleum has brought in a well
{xhich Is apparently destined TO be the
Econd largest in the world, and that re-
81 buying has been based on this fea-
To.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
Merger plans for the New York Air

Merger plans Tor the New York Air
brike Company and the Automatic
Straight Airbrake Company have come to
q halt for the time being. according to
recent information. The hitch I'm the
prOENings resulted from the financial
panT, which is understood to have bank
loans Cf about 100000 and a loan of
81, 100000 from Onther equipment com
pany. Inasmuch as the Automatic is
free from debt the merger plan did not
seem 20 promise them much and the deal
has terminated for the time being-COpy-
right. 1922. by Public Ledger Company.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
(By Thomson & McKinnon)


Wheat-Cooler temperatures over the
entire West, together with a general run
or favorable crop news, gave the early
market in wheat an easier tone.
The easiness was more q matter OF IN
significant demand than any influential
selling. During the day there appeared
an excellent demand from eastern sources,
values responding readily. There seems
TO be no Improvement in the -four situa-
ton and old wheat Is coming to market
very freely In the far Southwest. Until
hedging sales from the country appear,
the pressure upon wheat is sentimental.
We are inclined to feel that brilliant crop
outlook has due influence in the market,
but, al the same time, we do not dis
cover anything at the moment to advance
prices steadily. We anticipate irregular
action around the present level.
Corn and Oats--LOwer temperatures and
4 few shattered showers have been in
huential in corn and oats to the extent Of
checking any important demand from be
lieyers in higher prices. Neither one Of
these markets has any individuality, they
being simply minor rejection Of wheat.
There are many reports Of oats heading
short and a few reports of replantlng of
corn We feel that any new problems in
the situation are likely to favor the
holder.
Proyisions-Today' provision market
absolutely featureless.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17

IAEith the Baltimore &, Ohio meeting
Aing up, the financial community is
s&sed In speculation as to the prob
~ Of dividend action. The census
u Opinion seems 10 be that 4 resump-
N Of the / per cent rate may be ex-
Fected.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-17
RAILROADS.

tH-' mi VIZ VI ANDAA''-A'
Sales for forenoon, $500 shares.
Open. 1888; high, IO334; low, 1904;
close, 1856.
The Washington times., 1922-11-15
Chicago Live Stock.

Hogs Receipts, $4,000; market
steady; bulk, S.OOGS.35; top. s.45
heavy weight. 8.15@S.45; medium
weight. 8.2O@S.4O: light weight. $40
$3.50: light lights. 8.00@8.20; heavy
packing sows. smooth. 7.654S.10;
packing sows, rough. 7.35G7.60; pigs,
S.1O9S.45.
Cattle - Receipts. 10000; market
steady to 15c lower. Beef steers
Choice and prime. 12.50@13.50; me-
dunn and good. 9.O0@11.75: good and
choice, 12.25@13.25; common and me-
dunn, 7.50@11.50. Butcher cattle
Heifers, 5.00@1O.00; cows, 4.004S.00:
bulls, 3.50@7.OO. Gamers and cut
ters-Cows and heifers, 2.25Q3.4O:
Gamer steers. 4.O0G6.00. Veal calves
Qight and handy weigho. 9.00@10.50.
Feeder steers, 5.50QS.00; stocker
steers, 5.00@7.75; stocker cows and
heifers, 3.5O@5.00; stocker calves,
5.O0@7.50. Western range cattle
Beef steers, 5.O0Q9.OO; cows and heif-
ers, 3.5O@6.00.
Sheep - Receipts. $1,000: market
steady. Fat lambs. 14.00@14.75:
lambs, culls and common, 9.00@12.00:
yearlings, 11.00@13.25; wethers, $50
I9.5O; ewes, 6.506S.00; ewes, culls
and common, 2.50@5.00: breeding
ewes, 5.OOQ11.00; feeder lambs, 1900
@1425.
The Washington times., 1922-11-15
STOCKMARKET
IRREGULAR IN
EARLY TRADING
Market Leaders Show Some
Improvement, But Advance
Is Not General.
By w. g. COUSINS.

NEW YORK. Nov. Is. - The
action OF the stock market In the
early trading today proved that the
reactionary storm had not entirely
blown over. The general technical
position of the market had been
considerably improved. and the
market leaders as rule snapped
back into higher prices. But thert
was still considerable mopping ur
to be done in some sections or the
list, and the advance was by nc
means uniform.
Speculative leaders like Baldwin
American Can, Studebaker, United
States Steel, Union Pacific, Bethle
hem Steel and American loco
motive were all In higher price ter
ritory, mostly as the result or a
covering movement by the profes
sionals. But stocks which were not
needed for such an emergency, anu
which depended for their support on
straight Investment buying, did mol
make so good a showing.
Consolidated Gas was the out
standing member OF the reactlonary
faction at the outset, due TO 'ne
overnight announcement or the oil
rectors' plans for recapitaliZation
The stock lost over three points and
was sold in good quantity all
through the session. Should the
no.par stock be placed on 50 dlvi
dend basis, as Is expected at the
present time, investors viii be In 2
position to purchase a stock OF good
rating on an s per cent basis.
Outside OF few of the leaders
the most that can be said for the
railroad stocks IL that they were able
to hold their own. Union Pacific
Great Northern, st. Paul, New York
Central, and Pere Marquette made
about one point each, but New
Haven sold off at a new low for the
movement; Erie stocks remained re
dictionary. and Southern Railway got
down below yesterdays worst show
ing.
good deal of attention, and in fairly
heavy trading sold up about three
points each. The decline in Standard
Oil of New Jersey from 25013 to 1854
represented a shrinkage in market
value of nearly a quarter of a billion
dollars. The California stock, from
1876 to III. meant a depreciation In
market value of about $65, 900. 900.
While the steel stocks were fairly
active. they shot their bolt in the
first few minutes and failed there
after to make any but fractional i'm
provement on their initial prices.
Manhattan Shirt sold about a point
higher on announcement that the di
rectors had declared stock dividend
of 20 per cent, and increased the
regular dividend to per cent basis.
The market was extremely inactive
around the noon hour. and prices
were inclined to sag. Call money
rates per cent.
The Washington times., 1922-11-15
B u SINESS Al ND IN A N C. E tMHEah
Loca! Stocks.
SALES.

Potomac Electric Company cons
SIS. 81 900 at 95%, $1,000 at s5%
81 900 at 95%.
Capital Traction Company, at
1924.
District National Bank. 10 at l73
After call:
Lanston Monotype Company, 10 al
1914; Is at 79h.
MONEY.
Call loans-5 per cent to per
cent.
The Washington times., 1922-11-15
Notice of Redemption
"a OF VICTORY

TO HOLDERS OF VICTORY NOTES,
AND OTHERS CONCERNED:
Notice 10 Hereby Given as Follows:
1. Call for Partial Redemption of ~ %
Victory Notes.
All l%% Victory Notes otherwise
known as United States of America Gold
Notes OF 1e22-ls23, which bear the dis
tinguisf,ing letters A, b, c, d, Il, OF r,
prefixed TO their serial numbers having
been designed for the purpose by lot In
the manner prescribed by the Secretary
Of the Treasury, are called for redemp-
tion on December is. 1922, pursuant to
the provision for REDEMPTION contained
ment circular No. lss. dated April 81,
nsiiy issued. Interest on all the t&eo
Victory Notes thus called for REDEEM ption
will cease on said redemption date, De-
victory Notes Of the ixT6 series bear
ing the distinguishing letters q, II, l.,
J, X, or L, prefiSed to their serial num-
bers are not In any manner affected by
this call for redemption, and will be due
and payable as to principal on May 20.
1924, according to their terms.
g. Detailed information as TO the
presentation and surrender Of tkqs VIC
tory Notes for redemption under this
Circular No. ass, dated July ss, isas'
copies Of which may be obtained from
the Treasury Department, Division OF
Loans a Currency, Washington, ID. c.,
or aay FEDERAL Reserve Bank.
A. w. MELLON,
Secretary Of the Treasury.
The Washington times., 1922-11-15
Railroad Earnings.

Preliminary figures Of September
revenues of 1S2 Glass l railroads and
fifteen switching and terminal com
panies, issued yesterday by the Inter.
state Commerce Commission. indi'
Gates net operating income of s5S,.
457 AGA for the whole, as against $751;.
606,375 for the same number in Sep
tember, 1921. This makes a decrease
of $29,14S,911 during the twelve
months.
Combined gross revenue for the
month totaled $500,202, ,457. against
$49S,347.764 last year, an increase of
$1,S54,7S3.
If reports still to be received show
the same proportion of decrease in
net earnings as those so far compiled,
1t is estimated that the total Septem,
ber net of the 201 Glass l systems
will be between $59. 500, 900 and 500
100000. This would compare with
the August aggregate of $52, ,5S9,799,
which was equal to 2.65 per cent on
the tentative valuation.
The Washington times., 1922-11-15
ON
R. R. MERGERS
BEGIN FRIDAY
Plans for Consolidation Of Rail-
ways Into Five Groups Come
Before l. c. c.
by JOHN GOLDSTROM.
Universal Service.

The Interstate Commerce Com
mission on Friday will begin hear.
ings pursuant to the call OF Con-
gress for a tentative plan to re-
organize the one hundred largest
railroads OF the United States into
regional groups by means OF great
mergers. The general object Is
more efficient operation, adjust
ment OF rates and unification of
terminals.
Under the tentative proposal de-
veloped for the commission by
Prof. William q. Ripley of Har-
ward, and modified in some respects
by the commission. there would be
nineteen mergers OF 100 railroads.
then a division of the nineteen ex.
panded companies into five major
regional groups and three small
Independent groups.
The five major regions would be
known as the Trunk Line, the
Chesapeake Bay, Lake-toTide, Soft
Coal, the Southeastern, the Western
Transcontinental, and the Gulf. The
three smaller independent groups
would be the New England, the
Michigan Peninsular, and the
Florida East Coast.
The hearing Friday will be on
the subsidiary proposals that the
Northern Pacific be merged with
the Chicago, Burlington and Quincy.
and that the Great Northern be
merged with the Chicago. Milwau-
kee and St. Paul. The Hill inter-
ests, controlling the Northern Pa
cific, Great Northern, Burlington
and st. Paul systems, are expected
TO oppose a merger.
The trunk line consolidation
would include the New York Gen.
tral, Pennsylvania, Baltimore and
Ohio, Erie Nickel Plate and Lehigh
Valldy; the Chesapeake Bay, Lake.
to-Tide, Soft Coal region would en-.
compass the Pere Marquette, New
England and the Great Lakes sys-
tens, and the Chesapeake and
Ohio; the Southeastern group would
combine the Norfolk and Western.
Southern, Atlantic Coast Line.
Louisville and Nashville and ILL
nois Central-Seaboard; the Western
transcontinental lines would be the
Union Pacific, Northwestern, Burl.
ington, Northern Pacific. Milwaukee.
Great Northern, Santa Fe, Southern
Pacific and Rock Island; the gulf
region would comprise the Frisco
Katy, Cotton Belt, and Chicago.
Missouri Pacific.
The Washington times., 1922-11-15
Local Wholesale Prices.

Eggs-Strictly fresh. selected candled
per doz., 5SD60c; average receipts. 5Sc
Southern, 5Sc: cold storage, 300 32c.
Live Poultry-ROosters. per lb., 1bc
turkeys, per lb, 44G i5c; spring chickens
per lb., 2s @ soc; keats. young each. 65q
66c: fowls, 23@25c.
Live Stock--Calves. choice. per lb.
13c; lambs. choice. per h.. 13c: live hogs
per h.. &c.
Dressed Poultry-Fresh killed sprins
chickens. per lb., 34@ 3bc; hens per lb.
2s "a 3Oc; roosters, per lb.. 2Oc; turkeys
per lb.. 50q55c keats. young. each
Green Fruit-Apples, per bbl, $500 a
500; per bu. basket. 10000. Cali
mons. per box, $7OO@S.0O; peaches
basket. s1.0Og2.5O: cantaloupes
egetables-Potatoes,. No. /. per bbl
ia hoes. North Carolina. s1.o0G1 50
nearby. s1.5O@1.75: beans. sS.6o43.'O
kale. per bbl., soc Ds 800; lettuce. pei
crate, soc a /: 25; romaine lettuce, soc q
$1.26; peas. $500 a $50 per basket: lima
beans per at, 6O@7Oc ,celery, per doz.
6oc@S1.o0:, cabbage. Northern, 81 ,25 a
1.60; eggplants, per crate, s1.o0I2.0O
Florida tomatoes. per box s2.O0q7.00.
The Washington times., 1922-11-15
Chicago Grain Market.

CHICAGO, Nov. 15-Wheat start
ed unchanged to 1s cents higher,
corn 4 to y cents advanced and
oats steady to ls cents up. Trade
in all the pits was rather light.
The Liverpool market opened Y
to y pence advanced, but at
o'clock was unchanged to " up.
The strained financial situation in
Central Europe acted as a disturb.
ing influence in the market and
slowed up the trade. Estimated re.
ceipts today were for a moderate
run Of cars. Weather conditions
over the winter wheat belt were
somewhat more settled with tenn
peratures lower.