Indianapolis Times, Volume 32, Number 205, Indianapolis, Marion County, 5 January 1920 — Page 10

10

Stocks H'Msitate as Supreme Rules on Dividends

P OCKS AWAIT COURT RULING Market Watches for Supreme Court Decision on Stock ' Dividend Case. NEW YORK, Jan. 3.—Although some gains were made at the stock market opening today the demand accumulated over Sunday was quickly supplied and at the end of the first fifteen minutes the majority of Issues showed declines. Steel common gained % to 109 and then reacted to 108% and Republic Steel sold down 1% to 121%. Baldwin Locomotive lost 1% to 119. The oil stocks made moderate gains. Royal Dutch rose % to 105%. The coppers were strong, with heavy buying of Kennecott, which rose % to 38%. Anaconda rose to 05%. Pan-American Petroleum, sfter advancing to 106%, dropped to 103%. General Motors, after selling off to £43%, rose to 345. The pressure against the market in the first hour caused declines of from 1 to 5 points which were followed by a slightly steadier tone. The selling was said to be due to expectation of an unfavorable stock dividend decision from the supreme court today. Republic Steel broke over 3 points to 120%. Steel common 1% to 107%, Baldwin 2 points to 117%, Betlijelicin Steel B 2% at 100. Mexican Petroleum 6 points to 228%, Pan American Petroleum 3 points to 100%, Sinclair 2 points to 40%, Southern Facifle 1% to 103%, International Paper 5 points tq 85. American Woolen was well taken around 150 find recovered to 100 from a low at 156%. Pan-American rallied a point to 103% and Studebnker more than a point to 114%. Corn Products sold at S9 and made up its initial dividend of 1 per cent quarterly and % per ceut extra. NEW YORK LIBERTY BONDS. NBW YORK. Jan. 3.—Liberty bond quotations: Three and one-lilives, 100; first 4s, 93.40; second 4s, 92.20; first 4%5, 94; second 4%5, 02.80; third 4145, 94.70; fourth 4%5. 92.80; Victory 3%5, 99.00; Victory 4%5, 99.06. NEW YORK BANK STATEMENT. NEW YORK, .Tan. 3.—Average: Loans, increased $81.440,000; demand deposits, increased $54,327.1)00; time deposits, decrease 8873,000; reserve, Increase $15,958 500 Actual: Loans increase $170,292,000; demand deposits, increase $135,293,(XX); time deposits, increase $3,758,000; reserve, increase $40,246,400.

MOTOR SECURITIES. —Jan. 3 (By Thomson & McKinnon.) Opening Bid. Ask. Briscoe 66 67 Packard com 26 27 Packard pfd 97 98 Chevrolet 350 550 Peerless 47 49 Continental Motors com .... 14 14)4 Continental Motors pfd 100 102 Hupo com 15 15)4 Hupp pfd 99 102 Iteo Motor Car * 28% 29% Elgin Motors 7% 8 Grant Motors 9% 9% | Ford of Canada 425 436 International Motor com ... 110 125 International Motor pfd .... 80 100 Hendee Manufacturing 44 48 Fnlted Motors 55 70 National Motors IS 20 , Federal Truck 60 64 i l’alge Motors 44 45% Kepublic Truck 53 • ACTIVE OIL STOCKS. (By Thomson & McKinnon.) —Jan. 3 Opening— ' Bid. Ask. Anglo-American Oil 30 30)8 Atlnntlc Refining 1595 1610 Borne- Scry reiser 460 480 • Buckeye Pipe Fine 92 95 CUesebrougli Mfg. Con 240 260 Colonial Oil 105 110 Continental Oil, Colorado .... - r >oo_ 580 Cosden Oil and Gas 9% 10% Crescent Pipe Bine 32 84 Cumberland Pipe Line 140 160 Elk Basin Pete 8% 9 t Eureka Pipe Bine 145 100 Galena-Signal Oil, pfd 107 112 Galena-Signal Oil, com 82 85 Illinois Pipe Line 174 17S Indiana Pipe Bine 99 101 Merritt Oil 21% 21% Midwest Oil 1% 2 Midwest Refining 169 177 National Transit 34% 36% New York Transit 72 77 Northern Pipe Bine 102 106 Ohio Oil 382 385 Pinn.-Mex 68 72 Prairie Oil and Gas 685 695 Prairie Pipe I,!ne 265 270 Sapulpa Refining 6% 6% Solar Refining 370 390 South Penn. Bine 160 165 South Penn. Oil 230 240 Southwest Penn. Pipe Bine. 95 38 Standard Oil Cos. of Cal 335 340 Standard Oil Cos. of Ind 730 750 Standard Oil Cos. of Kas 650 67 ( _) Standard Oil Cos. of Kv 465 475 Standard Oil Cos. of Neb .... 730 550 Standard Oil Cos. of N. J... . 738 742 Standard Oil Cos. of N. V.... 453 4.58 Standard on Cos. of Ohio.. . 540 560 Swan A- Finch 100 115 T'nion Tank Bine 118 121 Vacuum Oil 430 435 ■Washington Oil 38 42 CHICAGO STOCKS. (By Thomson A McKinnon.) Open. Close. Carbide and. Carbon 77 78% 1 Cudahy Packing Cos 103', 104 Libby 30% 30% Blndsay Bight 7% 7% People's Gas 38 38 Sears-Roebuck 232 233 Stewart-Warner 42 43% Swift & Cos 132% 132% Swift International 59 59 United Paper Board 29 29 Armour, pfd 110 110% National Leather 18% IS% NEW YORK CIUB MARKET. : - - Jan. 3 (By Thomson & McKinnon.) . Closing Bid. Asked. American Marconi 5% 6 Curtis Aero’com 9 .11 Curtis Aero pfd 65 75 Sub Boat 14% 15% First National Copper 1 1% Goldfield Con 11 13 Havana Tobacco 1% 3 Havana Tobacco pfd 10 14 Carlo 51 % 52V, .Nimbo Extension...* 5 Internationa! Petroleum.. 75 77 Xlplsslng 12% 12% Indian Packing Cos 19% 20 Houston Oil 145 155 Roval Baking Powder 135 145 Royal Biking Powder pfd 94 97 Standard Motors 9 12 Sinclair Gulf Oil 35 45 Salt (.‘reek 50 51 Tonopah Extension 2% 2% Tonopah Mining 2% 2% United P. S. new 2% 2% U. S. Light and Heat 2)4 3 U. S. Light arid Heat pfd. 2% 3% Wright Mattin 4 4% World Film % % Yukon Gold Mine Cos 1 1% . Jerome % % New Cornelia 21 22 United Verde .1 37 39 Sou Traus 6% 7 Sequoyah... % 7-1(1 Omar 9 9% Republic Tlre.>. ' 4% 4% CLEVELAND PRODUCE. CLEVELAND, Jan. 3.—Butter—Creamery In tubs, 'jb%:g!6:c; ext -a first. U7@ 67%c; firsts. 66(g?6%c; prints lc higher; seconds, OigitiCc: packing, 45c. Eggs— Extras, 70c; extra firsts, isc: northern firsts, new cases. CBc, old cases, 67c; southern and western firsts, new cases. 66c: refrigerator extras, 53c. PoultryLive fowls, 2l@r2Bc; heavy grades, 32@ 34c; roosters, old, 21c; springers. 27@28e; heavy grades. 33@34e; ducks, BS@4oc; gei-se. 30<g35e, tnrks. 50(0!55<\ LOCAL HIDE MARKET. Green Hides—No. 1,22 c; No. 2,21 c. Green calves —No. 1. 50c; No. 2, +B%c. Horsehides —No. 1, $10; No. 2, $9. Cured hide*—No. 1, 2?£; No. 2. 24c.

COMPLETE and ACCURATE MARKET REPORTS

Local Stock Exchange i—STOCKS. Bid, Ask. Ind. Ry. & Light com 55 00 Ind. Ry & Light pfd 90 90 Indpls. & Northwest, pfd " 7a Indpls. & Southeastern pfd. ... 7b Indianapolis Street Railway 50 T. H.. T. & Light pfd 79 T. H., I. & E. com 2 * T. H.. 1. & E. pfd 9 lo U. T. of Ind. com 2 U. T. of Ind. Ist pfd 1? IT. T. of ina. 2d'pru 3 Advanee-Rumely Cos. c0m.... 45 Advance-Rumely Cos. pfd.... 70% ... American Central Lite 235 Am. Creosotlng Cos. pfd 58 ... Belt Railroad com 113% 123 Belt Railroad pfd 53% ... Century Bldg. Cos. pfd 99% ... Cities Service com Cities Service pfd Citizens Gas ... 33% ... Citizens Gas, prior to 1917.. 36% ... Dodge Mfg. Cos. pfd 97 •Home Brewing 5C ... Indiana Hotel pfd 99 ... Ind. National Life 4% . Ind. Title Guaranty 64 71 Indiana Hotel com 65 ... Indiana P:pe Line 97 Indpls. Abattoir pfd 49 ... Indpls. Gas 53 50 Indpls. Tel. Cos. com 4 8 Indpls. Tel. Cos. pfd 73% ... Law Building 93 ... Lemcke Realty Cos. pfd 95 Mer. Pub. Util. Cos. pfd 45 National Motor Cos 22 24 Natl. Underwriting Cos Public Savings 2% ... Kauh Fertilizer pfd 50 Standard Oil of Indiana.... 730 Sterling Fire Insurance 8% 9% Stutz Motor Car Cos Van Camp Hdw. pfd........ 99 Van Camp Pack, pfd 100 Van Camp Prod. Ist pfd.... 100 Van Camp Proa. 2d pfd... 100 Vandalla Coal com 5 Vanda Ila Coal pfd 12% 15 Wabash Railway pfd 23 ... Wabash Railway com 8 BONDS. Broad Ripple 5s 90 Citizens Street Railway 55.. 81 80 Ind. Coke & Gas Cos. 6s ... 96 Ind. Creek Coal & Min. 65.. 98 Ind. Northern 5s ... ... Ind. Union Trac. 5s Indpls., Col. &South. 5s 88 Inpls. & Greenfield 5s 97 Indpls. & Martinsville 55.... 56 ... Indpls. & North os 43% 50 Indpls. & Northwestern 55.. 55 65 indpls. A Southeast 5s 39% 48 Indpls., Shelby. & S. E. ss. 64 Ind. St. Ry. 4s 00 68 Indpls. Trae. & Ter. 5s 61 Kokomo, M. & W. 5s 84 87 T. H., I. & K. 5s Union Trac. of Ind. 6s 65 75 Citizens Gas 5s SO 87 Indiana Hotel 2d 05... 99% 101 Indpls. Gas 5s 80 ... Ind. L. & H. 5s 80 86 Indpls. Water 5s 93 96 Indpls. Water 4%s 72 80 Merchants H. & L. ref. 55... 90 94% New Tel. Ist 6s 93 ... New Tel. 2d 5s 98 New Tel. Long Dlst. 5s 90 100 South. Ind. Power 6s 94% 99 BANKS AND TRUST COMTAMES. Aetna Trust 100 Bankers Trust 115 ... City Trust 75 Commercial National 72 61 Continental National 111% ... Farmers Trust 390 Fidelity Trust 11l Fletcher American National. 257 Fletcher Sav. & Trust C 0... 166 Indiana National 271 279 Indiana Trust 204 214 Live Stock Exchange 382 Merchants National ...... 261 National City 114% 120 People’s State 170 Security Trust 112 State Savings A- Trust 97 mo Union Trust Company 365 375 Wash. Bank & Trust 130 LIBERTY BONDS. Liberty 3%s 100.08 100.20 Liberty first 4s 93.00 Llbertv second 4s 92.10 Liberty first 4%s 93.50 93.80 Liberty second 4%s 92.80 92.90 Liberty third 4%s 94.74 94.86 Liberty fourth 4%s 02.90 93.00 Victory 3%s 99.06 99.18 Victory 4%s 99.10 99.00 SALES. 20 shares National Motor 24 $20,000 Liberty fourth 4%s 92.90

Local Bank Clearings Saturday $3,879,000 Same day Inst weeK 3.173.000 Increase over last year 706,000 Clearings for week $15,454,000 Same week last year 13,952,000 • Increase over last year 1,502,000 Wholesale Meats Smoked meats shows -all for discount of %c lb for order of 150 of one Item; 250 Ibg and over discount of %c lb. PORK. HAMS— Regular, H ot 16 lbs .30% Skinned. 12 to 14 lbs 32% Fancy boiled .47 BACON— Fancy breakfast. 5 to 7 lbs.. .47 Sugar cured. 14 to 16 lbs .81 Sugar cured squares .29% Fancy sliced, 1-lb. cartons.... JJ3 PICNICS— Sugar cured, 5 to 7 lbs .25 SALT MEAT' . Dry salt powl butts .20% LARD— Refined, tierce basis .26 Open kettle, tierce basis .27 FRESH POIIL. — Spare ribs .22 Shoulder bones M Tenderloins .57 Dressed hogs .22 Light loins, 7 to 9 lbs .28 Extra light loins, 4 to 6 lbs... .28 Boston butts .24% Freßh boneless butts .30 Skinned shoulders .21% SAUSAGEBreakfast in 1-lb. cartons .30 ; Standard, fresh, buifc .18% ! Frankfurts, hog casings .19% Bologna .17% FRESH BEEF. The following prices are on first quality, No. 1, government inspected meats onlv; Medium steers, 400 to 500 lbs.. .17 No. 2 heifers .15% i Native cows 19@24 Medium cows .13 LOINS— No. 3 20 RIBS— No. 2 39 No. 3 20 ROUNDS— No. 3 20 No. 2 22 CHUCKS— No. 3 14 PLATES— No. 3 .11 VEAL. CARCASSES— No. 1 quality 23@25 No. 2 quality 14018 WHOLESALE PRODUCE. The following prices are paid for poultry by local dealers: Eggs—Loss off. 65<\ Poultry—Fowls. 26c; springs, 26c; cocks. 18c; old tom turkeys, 35c; young tom turkeys, 12 lbs and up, 43c; young hen turkeys, 8 lbs and up, 43c; cull, thin turkeys not wanted: ducks, 4 lbs up, 28c; ducks, under 4 lbs. 23c; geese, 10 lbs up, 23cf guineas, 2-lb size, per do*. $10: squabs, 11 lbs to do*, $6; rabbits, drawn, $3; capons, 7 lbs up, 35c. Butter —Clean packing stock, 40c lb: fresh creamery butter In prints is selling at wholesale at 66c; in tubs. 65c. Butter Fat—lndianapolis buyers are paying 68c lb. Cheese (wholesale selling prices)— Brick. S7c lb; . New York cream, 36c; Wisconsin full cream, 36c; Longhorns, 37c; limburger. 38c. CHICAGO PRODUCE. CHICAGO, Jan. 3.—Butter —Creamery extras, 63c; creamery firsts, 60%c; firsts, 55%Q61%c; seconds, 53(®57c. Eggs—Ordinaries, 50@51c; firsts, 60@66%0. Cheese Twins, 30%@31c; young Americas. 31@; 32c. Live poultry—Fowls, 2.3@25c: ducks. 30c; geese, 26c; sprißg chickens, 27c; turkeys, 40c. Potatoes —Receipts, 7 cars; Wisconsin and Minnesota, $3.70 @3-90.

HOGS 15 TO 25 CENTS HIGHER Run of 13,000 Not Unlucky Number for Shippers at Week’s Opening. COMPARATIVE SALES. • Good Good Good Choice Mixed Light Dec. Heavy. Heavy. Heavy. 29. $14.25 $14.25 $14.25 30. 14.60 © 14.75 [email protected] [email protected] 31. [email protected] 14.50 @14.60 [email protected] Jan. 2. 14.40 @ 14.60 [email protected] [email protected] ;; . 14.85 @ 15.00 [email protected] [email protected] 5. [email protected] 15.15 @15.26 [email protected] The run of 13,000 hogs was not an unlucky number for shippers who happened to 1)0 represented on (he Initial market this week because they got a raise of 15c to 25c in prices. Local fought, successfully, a demand for sls 25 for all the good hogs, but they finally consented to paying that price for the bulk of the receipts that averaged less than 225 pounds and paid $15.15 for the heavier grades. On Saturday the extreme range in sales for the good hogs was $14.75 to $15.25, largely sls to $15.15, so that the general sales this morning were 10c to lac higher. There was a good clearance and a few more than half the receipts went to home killers. Pig prices followed those for the matured hogs, sales being from $15.25 down and sows were 50c higher with the best sort at sl4. CATTLE. Buyers tried very hard to force a decline in prices of cattle on Monday because of the extraordinary run of 2,300, but sellers stood pat for at least steady prices and finally the trading progressed on that basis. Estimates indicated there were occasional sales somewhat lower, but this was due more to a different classification than to a revision in quotations. Sellers had the advantage of an opportunity for an extra fill but on account of the low temperature this did not amount to as much as usual. It was clear that the female butcher cattle were again the easiest sold and at relatively stronger prices than the steer cattle, but there was no important change in prices of either. The market for veal calves was $1 lower with the top price practically S2O and the heavy grades from sl2 down were steady. There were a good many feeding cattle available for sale, but there was no quotable change in the prices. SHEEP. The best lambs in the receipts of 300 sold at $lB, the best yearlings at $lO and the best sheep at SB, all of which indicated the market was steady compared with final prices Inst, week, CATTLE. —Steers— Prime cornfed steers, 1,300 lbs and up $17.50(318.00 Good to choice steers, 1,300 lbs and up....< [email protected] Common to medium steers, 1,300 lbs and up [email protected] Good to choice steers, 1,100 to 1,200 lbs - 3.4.50® 16.00 Common to medium steers, 1,100 to 1,200 lbs 11.50(314.00 Good to choice steerß. 900 to 1,000 lbs [email protected] Common to medium steers, 900 to 1.000 lbs [email protected] Good to choice yearlings.. [email protected] —Heifers and Cows — Good to choice heifers [email protected] Fair to medium heifers [email protected] Common light heifers [email protected] Good to choice cows [email protected] Fair to medium cows B.oo® 9.00 Canners and cutters 5.00@ 7.00 —Bulls and Calves— Good to prime export bulls.. [email protected] Good to choice butcher bulls [email protected] Common to best veal calves.. [email protected] Common to best heavf calves [email protected] —Stockers and Feeders Cattle — Good to choice steers, SOO lbs and up [email protected] Common to fair steers, 800 lbs and up [email protected] Good to choice steers, tinder 800 lbs [email protected] Common to fair steers, under 800 lbs B.oo@ 9.50 Medium to good tows 6.25® 7.25 Medium to good heifers 7.00® 7.50 Fair to best milkers [email protected] Stock calves, 250 to 450 lbs.. [email protected] HOGS. Good to best heavies, 225 lbs average 15.15 Good, 200 to 225 lbs average. [email protected] Medium and mixed, 150 lbs and upward [email protected] Good to choice hogs, 160 to 200 lbs 15.25® 15.55 Confmon to good lights, down to 140 lbs 15.00® 15.25 Rough packers 12.(M>@14.00 Bulk of good sows 13.25® 13.75 Best pigs, under 140 1b5.... [email protected] Feeding pigs 14.50 down Bulk of good hogs [email protected] SHEEP AND LAMBS. Good to choice sheep B.oo@ 9.00 Common to medium sheep... 4.00@ 7.00 Good to choice yearlings B.oo® 9.00 Good to choice lambs [email protected] Common to medium lambs... [email protected] Bucks, per lbs \ 5.50® 0.50

Other Live Stock CLEVELAND, 0., Jan. 3.—Hogs—Re-’ eeipts, 2.500; market, slow; yorkers, $18; mixed, sls; medium, sls; pigs, sls; roughs, sl3; stags, $lO. Sheep and lambs Receipts, 500; market, none; top, $1.50. Calves—Receipts, 200; market, weak; top, §2l. CHICAGO, Jan. 3.—Hogs—Receipts, 15.000; market, 25(035c higher; bulk, [email protected]: butchers, $14.60(014.95; liackers, SIS.OOfr; 14.60; lights, $i4.60<0 14.90; pigs, $13.50(0,14.50; roughs, $13.60(0 14.15. Cattle -Receipts, 2.000; market, steady; 25c higher: beeves, $8(019.75; butchers. $6.35(014.75; canDers and cut ters, $5.25(07.75; stockers and feeders, $G @12.25; cows, $6.25(0)14.75; calves. $15.75 <8.17. Sheep—Receipts, 2,500; market, strong; 25c higher; lambs, $12(018.85; ewes, $6.75@ 10.75. EAST BUFFALO. N. Y., Jan. 3.—Cattle —Receipts, 225; market slow, steady; prime steers, $10017.50; butcher grades, $12(015; cows, $4010..15. Calves Receipts, 300; market active, steady; culls to choice, $6(022.50. Sheep and lambs— Receipts, 3,250; market, lambs 25c higher, sheep slow, lower; choice lambs, $19019.50; culls to fair, $11(018.75; yearlings, [email protected]; sheep, $6(012. Hogs Receipts, 6,400; market active, steady; yorkers, $15.25; pigs, $15.50015.(50; mixed, $15.25; heavies, $15.25; roughs, $12013.25; stags. $10(011.50. EAST ST. LOUIS, 111., Jan. 3.—Cattle —Receipts, 500: market steady; native beef steers, $15.6016.50; yearling beef steers and heifers, $14(015; cows. $10(011 ; stockers and feeders, $10010.25; calves, $16.75(g 17.50. Hogs Receipts, 7,500; market s@loe higher, pigs steady: mixed and butchers, $14.50(014.80; good heavies, $14.00(014.70; rough heavies, $12(013.70; light, $14.60(014.90: pigs. $12.75014.85; bulk of sales, $14.50(014.75. Sheep—Receipts. 800; market steady; ewes, $8.50(0 9.75; lambs, $17(018; canners and cutters, $6.50(07.50. PITTSBURG, Jan. 3.—Cattle—Supply light; market steady; choice, $16.50(017; prime, $16.50(017: good. $15016; tidy butchers, $14.50(015; fair, $12(013.50; common. [email protected](>: common to good fat bulls, s9<gll; common to good fat cows, SC';S; heifers, $10(012; fresh cows and springers, $70(0140; veal cows. $22. Sheep and lambs—Supply, 300 head ; market strong; prime weathers. sl2; good mixed, $10.75(011.25; fair mixed, $9010; culls and common, $507; lambs, $19.26. Hogs—Receipts. 3,000; market higher; prime heavy hogs, $15015.25; medium, [email protected]; heavy yorkers, $15.50(0 15.65; light yorkers. $15.65(015.75; pigs, $15.65(015.75; roughs, s9@l3J>s stags, $9013.55.

Coyote Hunters Make Good Profits PAWNEE ROCK, Kas., Jan. 2. —Due to the high prices being paid for coyote pelts, in addition' the benefit derived from lessening the marauders’ population, bunting of coyotes has developed Into a popular pastime in this vicinity this season. As the pelts sell for from $3 to sl2 each and the state pays a bounty of $1 for each scalp, one “kill” a day Dels a good profit to tha hunter. Nfe..

INDIANA DAILY TIMES, MONDAY, JANUARY 5, 1920.

I On Commission Row | Turnips advanced 25c a bushel Saturday. Dealers report good quality stock scarce. Now selling at $2.75. Beets up 25 cents a bushel Saturday to $1.50. Stocks are getting cleaned up, dealers say, and with the scarcity comes a higher price. Carrots were quoted at $1.50 a bushel basket Saturday, an advance of 15 cents. Demand is Increasing and receipts have not been In proportion. Car California figs wag an arrival Saturday. Price will remain unchanged. Christmas trade on figs and dates unusually heavy and dealers’ stocks were about depleted. Indiana onions were 50 cents a hundredweight higher Saturday. Now quoted at $6. There has been a firmer tone to the oniofi market for some time, dealers aver, and the advance is only logical. Leaf lettuce advanced 2 cents a pound Saturday. Now selling at 24 cents. The cold spell of the past few days put a damper on receipts, dealers report, and this is responsible for the increase in prices. Northern potatoes were advanced 20 cents a hundredweight Saturday to $4. This is an advance that dealers have been expecting for several days. The western variety of potato Is getting scarcer and several dealers have no stock at all. Lemons were $1 a box lower Saturday. Lack of demand that Is country-wide ’and not confined to this territory alone is the reason assigned by dealers for the decline. Lemons are now quoted at $3.50 to $4 a box. California oranges were dropped 25@ 50c a box Saturday. The heavv demand that developed through tne holidays has stopped and with freer receipts the supply has topped the demand. This is a condition, dealers say, that always precedes a lower price. California oranges now selling at $4.25 to $5.25 a box. TODAY’S PRICES. Apples—la barrels: Extra fancy Red Jonathans, sl2; extra fancy Grimes Golden. $11; Baldwins, $8.50: Greenings, $9; Hubbardson, ?9@11; Jonathans. |9@ 10.50; Rome Beauties. [email protected]; Kings, $9; Wine Saps. $10; Maine Northern, $10; Wealthy, $8; York Imperials, $9, Klunaird Favorites, $8; Grimes Golden, No. 1 grade, $9. In boxes: Rome Beauties, 80s to 150s, $3.50; Grimes Golden, 96s to 1755. $3.50; Delicious. 80s to 150s, $4.50; Winter Bananas. 80s to 150s, $3.75; Yellow Ortleys, 72s to 1635. $3.50 @3.75; Spitzenberg. 80s to 150s, $3250. Bananas —Pound. 7c. Beans—Michigan navy. In bags, per lb. Beets —Basket, 40 lbs., $1.50; top, 90c doz bunches. 8c; pinto, 8c: llmas. 15%c; blaekeyed, Bc. Cabbage—Cwt, $6: red, lb, 15c; Romaine, $1 hamper. Carrots —Basket, 40 lbs, $1.50. Cauliflower—Fancy, crate, 12s to 14s, [email protected]. Celery—New York, crate. 7 to 10 do 18Cider—Gallon, 75c. Cocoanuts—Per 100. $12.50; doz, $1.75. Cranberries—B2-lb box. $3 [email protected]; bbl, $9.50; Centennial, bbl. $10.50. Cucumbers—Hotnouse. Davis, 2 do* box, $6; doz. $3.10: extra fancy, ? doz, $7; dot, $3 00; Florida. 6 doz box, $7. Dromedary Dates—Three doz pkgz, $0.75. Figs—New, in boxes, 50 pkgs. 6-ox. 55'; 24 ukgs, 8-oz, $3.25; 12 pkgs. lfi o*. $2 25; 30-lb layer, $3.25; Smyrna, box 11 lbs. $4.20; Spanish, box. 2 lbs. $5.51*. Oarlte—Pound, 50c Grapefruit—-Extra funcy Florldas, $4.30 $4.75; fancy Florldas, $4. Grapes—California Emperors, in kegs, 32 lbs net, $7.50; Imported Almerlas, in kegs, 32 lbs, $8.50. Honey—Comb, new, cases of 24 caps, $7.75; extractoed. 60-lb tins, 22c. Lemons—California*, standard box, $3.50@4. Lettuce —Leaf, lb, 24c; endive, doz, 40c; Iceberg, crate, 4 doz, $5; eastern head, crate. 7 to 9 doz, $5; Florida, crate, 8 doz $3. Mangoes—Florida, 2 doz, basket, 60c. Oranges—California, standard box, [email protected]; Suuklst, [email protected]; Florldas, $5. Nuts—Filberts, lb, 29@32c; English walnuts, 37@40c; chestnuts. 35c; pecans. 30c, SOo, 70c; Brazils 28c; almonds, 33@ 36c; sbellbark hickory, 10c. 0n!ons —Red and yellow, cwt, $6; western, $6.50; Spanish Imported, crate, $3.25; green, doz bunches, shallots, 75c; Calif., crate, 120 lbs, SB. Oyste* Plant-Doz. "*c. Pears —Claragas, box 40 lbs, $5.50; Nellis, box 40 lbs. $4.50. Popcorn—Lb, 10c. Potatoes—Western fancy, cwt, $4.50; northern white. $4. Rutabagas—Cwt, $1.75; 60 lbs, sl. Sage—Fancy, doz, 50c. Sweet Potatoes —Hamper, 45 lbs., $3, Nancy Hall, basket, 40 lbs, $2.50. Tomatoes—Carrier, 6 baskets, $5.50; basket, sl. Turnips—Bushel, $2.75. RETAIL COAL PRICES. I’rlcea on coal delivered at euro. Extra charge for service when additional labor Is required: Indiana Linton, No, 4, lump $ 0.75 Indiana, No. 3. lump 6.75 Indiana egg and nut 6.75 Indiana mine run 6.00 Indiana nut and slack 5.50 Brazil block 8.00 West Virginia splint 1ump..... 8.50 Kentucky eastern lump 8.50 Pocahontas shoveled lump 10.00 Pocahontas mine run 8.30 Pocahontas nut and slack.... 8.00 By-product coke, all sizes 11.25 Anthracite, all slze6 13.00 Blossburg, Smithing 10.00 West Virginia Canael lump 1.1.00 Illinois lump, Harrisburg 7.30 Hocking Vailev lump 8.50 Coal and c-oxe at yard, 60c per ton less. Kindling with coal, lse a bundle; separate dehvery, 10 bundles, $2. Charcoal, 20 lbs to bushel, wagon lots, 45e bushel; smart lots. 50c bushel. —Extra Service Charges—--75c per ton dumped and wheeled extra nan. Si per ton wheeled from wagon by driver. •' {1.25 bags per ton ground floor. 1.50 bags per ton carried Into cellar.

I Weather in Other Cities The following table shows the state of the weather in other cities at 7 a. m.: Bar. Temp. Weath. Atlanta. Ga 30.52 16 Clear Amarillo, Tex 29.98 32 Snow Bismarck. N. D.... 29.82 22 PtCldy Boston, Mass 30.36 6 Clear Chicago. 11l 33.56 6 Clear Cincinnati, 0 30.04 8 Clear Cleveland, O, 29.62 6 PtCldy Denver, Colo 29.80 40 Cloudy Dodge Citv. Kns... 30.06 30 Cloudy Helena, Mont 30.08 10 Cloudy Jacksonville, Fla... 30.40 24 Clear Kansas City. M 0... 30.32 22 Cloudy Louisville. Ky 29.08 8 Clear Little Rock. Ark... 30.48 22 Cloudy Los Angeles, Cal... 30.10 56 Cloudy Mobile. Ala., 30.48 26 Clear New Orleans. Da... 30.42 30 Clear New York, N. Y... 30.42 4 Clear Norfolk. Va 30.48 14 Clear Oklahoma City 30.22 32 Sleet’g Omaha, Neb 30.22 22 ltnin Philadelphia, Pa... 30.48 10 Clear Pittsburg, Pa...... 30.04 (1 Cloudy Portland. Ore 30.04 34 Cloudy , Rapid City. S. 1... 20.8(2 30 Cloudy : Roseburg, Ore 30.16 40 Rain San Antonio, Tex.. 30.12 44 Rain San Franciseo, Cal. 30.22 50 Clear St. Louis, Mo 30.50 12 PtCldy St. Paul, Minn 30.20 10 Cloudy Tampa, Fla 30.30 30 Clear Washington, D. C.. 30.54 12 C?ear Observation taken at 7 a. m., Jan. 5, 1919, by United States Weather bureaus. WEATHER CONDITIONS AT 7 A. M. High barometic pressure with generally fair weather and temperatures much below normal prevails over the eastern half of the eountr.v, but a depression trough now extending from Saskatchewan southward over the western plains region is giving rise to higher temperatures generally In those sections and thence eastward over the upper and middle Mississippi valley. Kero temperatures prevailed last night in many northeastern localities and the readings are below freezing everywhere, except In the Pacific coast, far southwest and west gulf districts, and in and southern Florida. Thore has hern widespread but light precipitation from Texas. Oklahoma and Kansas westward to the Pacific ! coast ami in Washington and Oregon. J. 11, ARMTNGTON, Meteorologist.

CORN AND OATS PRICE GOES UP Weather Reports and Export Demand the Prime Factors of Strong Market. CHICAGO, Jan. s.—Grain futlres were j higher on the Chicago Board of Trade today. The corn market went up on reports of unsettled weather and light receipts. The oats market was influenced by a strong export demand . Provisions also were higher. January corn was up %c at the opening of $1.35%, and later gained an additional l%c. May corn opened at $1.32%, up l%c, and subsequently gained l%c. July corn up l%c at the opeinng of $1.31%, later advanced %c. May oats up %c at 83%c at the opening, in the later trading gained an additlopal %c. Jul yoats opened unchanged at 76%c, rose %c before the close. CHICAGO GRAIN. —Jan. 8— CORN—Open. High. Low. Close. Jan. 1.30% 1.36% 1.34% 1.34% • % May. 1.33% 1.33% 1.31% 1.31% *l% July 1.31% 1.31% 1.29% 1.30% *l% OATS— May. 84% 84% 82% 83% July 77 77 76 76% • % PORK—tJan 27.40 LARD— Jan. 23.47 23.50 23.47 23.50 • .07 May. 24.00 24.60 24.55 24.57 • .05 RIBS— Jan. 19.20 10.10 19.10 19.20 t 05 May. 10.95 19.87 19.40 19.85 •Decrease, tlncrease over yesterday’s close. CHICAGO CASH GRAIN. CHICAGO, Jan. 3.—Cash grain prices: Corn—No. 3 mixed, $1.40; No. 3 white, [email protected]; No. 3 yellow, $1.41; No. 4 mixed, $1.37®!.39; No. 4 white, SI.CS%@ 1.40; No. 4 yellow, $1 37%@1.40. Oats No. 2 white, 85%@86%c; No 2 white, 84%@86c. Timothy—[email protected]. TOLEDO CLOSE. TOLEDO, Jan. 3.—Corn—No. 3 yellow, $1.47, Oats—No. 2 white, BS@B9o. RyeNo. 2, $1.82. Barley—No. 2, $1.50. Clover —Cash and January, $31.55; February, $31.75; March, $31.65; April. $31.25. Alsike —Cash and March, $33. Timothy—Cash, 1917 and 1918 crop, $5.55; cash, 1919 crop, $0.06; March, $8.15; April and May, $6.15. PRIMARY MARKETS. —Jan. 3 (Thomson & McKinnon.) —Receipts— Wheat. Corn. Oats. Chicago 84/K)0 243,000 295,000 Milwaukee .. 11,000 28,000 31,000 Minneapolis.. 324,000 60,000 78,000 Duluth 7.000 5,00a St. Louis 44.000 88,000 88.000 Toledo 18,000 14,000 16000 Detroit 3.000 • 8,000 3,000 j Kansas City. 275,000 29,000 20,000 Peoria 1,000 91,000 26.000 i Omaha 74,000 101.000 74,0 X) Indianapolis.. 11,000 96.000 74,000

Total* .... 782,000 758,000 710,000 Year ago.. .1,008,000 647,000 573,000 —Shipments— Wheat. Corn. Oats. Chicago 135,000 188.000 195.(.V Milwaukee .. 16,000 41.000 69.000 Minneapolis.. 168.000 85.000 52,000 Duluth 12,000 7,000 St. Louis 52.000 61.000 122,000 Toledo 6.000 4,000 Detroit 4,000 8.000 Kansas City. 239.000 23.000 31.000 Peoria 2,000 88,000 49.000 Omaha 68,000 81.000 16.00<) Indianapolis 19,000 5,000 Totals 698.000 594,000 557.0(0 Year ago... 977,000 360,000 958,000 —Clearances— Dom W. Corn. Oats. New York 11.000 Philadelphia. 181,000 New Orleans.. 541,000 Totals 733,000 -Year ago... 359,000 289,000 INDIANAPOLIS CASH GRAIN. —Jah. 3 Corn—Strong; No. 4 white, $1.43%; No. 6 white, $1.44; No. 3 yellow, $1.44%; No. 4 yellow, $1.39(01.40%; No. 5 yellow, $1.§7%(01.38%; No. 4 mixed. $1.40; No. 5 mixed. $1.36. Oats—strong; No. 2 white, S7%@BS%e; No. 3 white, 86%c; No. 2 mixed, 85%0 86 %c. Hay—Steady; No. 1 timothy. $30(030.50; No. 2 timothy, $29(029.60; light clover mixed. $29(029.50; No. 1 clover mixed, $28.50(029. s 3 red, 4 cars; No. 4 red, 1 car; total, 5 cars. Corn—No. 3 white, 1 car; No. 4 white, 9 cans; No. 5 white, 3 cars; No. 6 white, 1 car; sample white, 1 car; No. 3 yellow. 1 ear; No. 4 yellow. 9 cars; No. 5 yellow, 8 cars; No. 4 mixed. 3 cars; No. 5 mixed, 4 cars; total, 40 cars. Oats—No. 2 white, 19 cars; No. 3 white. 3 cars; No. 4 white, 2 cars; No. 2 mixed, 2 cars; total, 26 cars. Rye—No. 2,3 cars. Hay—Standard timothy, 2 cars; No. 2 timothy. 2 cars; packing hay, 1 car; sample, 2 cars; total. 7 cars. Straw—No. 1 oats, 1 car. Alfalfa—No. 3. 1 car. COMPARATIVE STATEMENT. —January 3 Output of Flour— Bbls. January 3, 1920 11,978 December 27, 1919 11,878 January 4, 1918 4.740 January 5, 1917 5,655 Inspections for Week — —Bushels—--1918 1919 Wheat 20,000 14.000 Corn 462,000 106,000 Oats 230,000 81,000 Rye 6,000 None —Stocks In Store — Wheat. Corn. Oats. Rye. Jan 3 1920—573.010 331,320 74,130 5,320 Jan' 4 1919. .306,381 442.710 328,910 17.800 Jan! s’, 1918.. 41,980 166,700 578,480 17,921 WAGON MARKET. The following ore the Indianapolis prices of hay and grain by the wagon Hay—Loose timothy, $31(032, a ton; mixed. $30(033; clover $30033. Corn—sl.so(ol.6o bushel. OatS- 85087 c bushel. Straw—Wheat, $8(09 ton; oats, $14015. WAGON WHEAT PRICES. Indianapolis elevators and mills, are paying $2.35 for No. I white, $2.32 for No. 2 and $2.29 for No. 3. All other grades according to quality.

Eat Stale Bread, Frisco Is Urged SAN FRANCISCO, Jan. 2.—Combating the h. c. 1. on the nation’s most essential food, bread, the board of supervisors here are preparing today to pass n law forbidding bakeries from shipping stale bread to stockmen, chiefly for feeding to hogs. An Investigation of the bread situation here brought to light the fact that thousands upon thousands of loaves are shipped to hog raisers. Bread sells for 17 cents a loaf here. It is contended by sponsors of the ordinauee that many families of she poor classes would be glad to buy stale bread ai a reduced price. It would be splendid for toasting or cooking purposes.

May Charge Fee to Battlefield Visitors PARIS, Jan. 2.—The French government is considering charging ’admission fees to tourists desiring to visit the various battlefields ln_ France, It was stated today. Financial experts are said to have figured out that the revenue from this source for one year would practically equalize the loss incurred by the fall of the franc on the exchange.

Housewives’ Market The following prices are the general prices charged at the city market oftained by striking an average of the prices charged at various stands: Apples, c-hoice, per in $ ,05@10 Bananas, dozen 20@30 Beans, stringless, lb .30 Beans, navy, lb .10 Beans, lima, lb .17 Beans. Colo, pintos, lb .10 Brussels sprouts, box .25 Carrots* lb .05 Cabbage, lb .08 Cauliflower 30@40 Celery, bunch 10@75 Cranberries, lb .10 Cucumbers, hothouse, each 30@35 Eggplant, each .25 Grapes, imported, lb .50 Head lettuce, each 20@30 Grapefruit, each 07%@15 Lemons, per doz 25@30 Lettuce, leaf, per lb .25 Onions, lb 06@10 Onions, Bermudas, each 10@15 Onions, green, 2 bunches .15 Pineapples, each 30@40 Potatoes, peck .65 Pears, Anjau, lb .20 Peppers, green, each .05 Potatoes, 5 and 6 lbs .25 Radishes, %-lb .10 Rice, lb .18 Rutabagas, each 10@15 •Squash, Hubbard, eaen .15 Strawberries, qt box..: .15 Sweet potatoes, lb 06%@10 Turnips, 2 lbs .15 Parsnips. 2 lbs .15 Parslev, per bunch .05 MEATS. Lamb chops, lb $ .40@45 Leg of lamb, per lb 35@40 Boiled ham, per lb .75 Smoked ham, per lb 40@50 Round steak, per lb -35 Fresh beef tongue .30 Smoked beef tongue 40@45 Roast beef 2C@3G Flank steak 30 Beef tenderloin .50 Pork chops .30 Pork sausage .30 Pork tenderloin .60 Porterhouse steak 40<@45 Chuck steak 28@30 Boiling beef 18@20 Bacon 40@60 Loin steak .30 H.ims, whol e .30 Lard, lb -83(335 Lamb stew 15@25 Spa reribs, lb 25 Shoulders, fresh beef .30 Shoulders, fresh pork .27 Beef liver .15 Veal chops JK>@4o Veal steak .50 Calf liver Jo@ 33 PRODUCE. Hens, full dressed, lb $ .44 Frys, dressed, lb .45 Ducks, dressed, lb .48 Geese, full dressed, lb .45 Turkeys, N. Y. dressed, lb .55 Rabbits, dressed, each ,45@50 Ugß*. fresh selects, doi .78 Eggs, storage, doz .58 Butter, creamery, lb 68@72

ROYALISTS PLAN NEW STATES Swiss Republic Swarms With Spies and Exiled Germans. BERNE, Switzerland. Jan. s.—From "The Playground of Europe” of before the war, Switzerland has become “The Plotting Ground of Europe” of after the war.’ And all of this plotting may now be summarized iq one general end of “The Constitution of a Daaublan Confederation.” To the credit of the Swiss it must be said that they resent In the extreme degree the abuse that Is now being made of their country and their hospitality by the exiled rulers and statesmen of erstwhile empires and states, but they are as helpless In the matter as they are Innocent. While they can not keep their little country from being converted into an Incubator, however, they can at least try to keep the-plots being brooded therein from actually batching, and the Swiss secret service together with its gendarmes, Its policemen, its detectives and its public officials generally are putting in quite a few sleepless nights to this end. In fact there is every reason to presume that they are losing more sleep trying to keep the plots from hatching than the plotters are In trying to make them hatch. Exiled statesmen and rulers have to keep busy; plotting Is life Itself to ex-statesmen aud ex-dlplomate and It is entirely possible that Switzerland is taking, the plotting that is going on within her border about a hundred times more seriously than are the plotters themselves. In any event both are keeping busy. Now that the gradual readjustment of Europe has left no doubts in the minds of certain exiled rulers like ex-Ktug Constantine of Greece and some of the former rulers of German states of the hopelessness of their causes, all of the plotting in Switzerland has come slowly to center on one great scheme, a scheme that, is not only considered possible but that is considered by many of the greatest minds and authorities of Europe as being absolutely imperative and inevitable. ■ ~ This is the constitution of a Danubian federation to replace the old dual monarchy, and which according to its backers, is the only thing that can insure the life of the half dozen or more states Into which the old Austrlan-Hungarian monarchy has been divided. Whether this Danubian federation has its center north of tho Danube with wbat is left of Hungary and Austria as a basis or whether it has its center south of the Danube with Serbia and Roumanta playing the leading role; whether it be monarchist or republican in form, together with half a dozen other possibilities or ramifications, arc generally considered unimportant. All that is regarded as vital and imperative Is that such a confederation be constituted and that it be organized In full harmony with and support of the allies. The new states like Poland and Czechoslovakia figure they can go It alone. They don’t know as a matter of fact because they have not tried yet, and they are determined to try, but the political and economical statesmen of Europe are looking mighty askance. Finally Serbia and Uoumania which have, already demonstrated their ability to go It alone will. It Is generally conceded, with their increased territory and population resources—and war debts —be able to get away with it, and yet it is insisted they would be able to do it much better in a confederate existence than alone. Hungary and German Austria, as they will exist when the peace conference finishes its work, will be dc-ad states—-their own people and statesmen admit that. Toland and Czecho-Slovakia are merely gambling bets. But Serbia and Uoumania are considered as the two big future bets of south central Europe. On the other hand there are Just as many supporters and Just as many plotters In Switzerland who would like to see Vienna regain some of Its past glory as the center of the new Danubian confederacy; Budapest is equally well represented, while there are plenty of others who can demonstrate from a dozen standpoints why Warsaw is inevitably destined as the future great center of middle European life.

Republic Oil & Refining Cos. Dividend No. 9 The Board of Directors have deelured an extra dividend of * per cent, payable January 10, to all stockholders of record January 1, 1980. JAMBS A. JONES, Jr„ Freeldeo*. December 2d, 191*.

- 1 Today’s Market Gossip R. G. Dun & Co.’s trade review says that after a year whose developments upset many calculations, hasty conclusions regarding prospects for 1920 should be avoided the more so because various uncertainties and adverse elements remain present. Wire from Chicago says that seaboard reports further export demand for rye with fair business done yesterday. Mar!w frere falls to respond to claims for export. Foreign demand for oats has flattened out. Both rye and oats seem to have fully discounted foreign business done to date. Wire from Chicago says that considering the many disappointments in the past in expecting an increased movement, the market is not likely to experience extreme pressure until there be definite confirmation of better car supply. The situation is not sufficiently clear to warrant adherence to firm convictions on either side of the market. Chicago dispatch says that trade will doubtless await developments in the rail situation before becoming aggressive on the buying side. The dragging tendency in corn is more a matter or dullness than from any important selling. It is reported there are fair accumulations of loaded cars of both corn and oats at nearby points awaiting motive power. Southern Illinois reports fanners selling oats more freely than for some time. Stock letter received by wire Saturday from New York says: “Today’s market gave renewed evidence of a return of confidence and it is Just possible that some assurances are being held out of an easier trend in the money market. It also is likely that some are anticipating a favorable disposition of the tax litigation on stock dividends which is now pending in the supreme court of the United States. A market development, wtflch to us seems significant, is the increased activity in the group of steel and iron shares. Based on intrinsic value and prospect of business, these shares have not kept pace with the general price movement and in view of the optimistic utterances of the leaders in this industry, it would seem to use but logical that the traders should center their attention on these stocks, not only for the reason that they are relatively more attractive in price, but because of the solidity of the companies and the assurance for big business for domestic needs, not being so dependent as other lines on an export market, at least for the next couple of years. Technically, the market is gradually undergoing 1 change which is quite natural on a rising market.”

THRIFT COMES WITHDRY LAW Huge Savings to Be Result of Liquor Banishment, Leaders Claim. NEW YORK, Jan. 5. —In view of the drop in the market prices of various Issues of Liberty bonds, the Anti-Saloon league calls the attention of those who subscribed to them as a matter of patriotism to the fact that under prohibition, which was passed through a combination of patriotism and morality, there will, within the period that the bonds have to run, be saved in actual money to the American people more than the principal and interest on all of the war bonds lssned. "A saving of $2,500,000,000 a year, and vastly more than that at recent prices representing the cash paid for liquor, will not only pay the principal and interest of all Liberty and Victory bonds, but It will so increase general prosperity by bringing into the investor class a host who never before bad surplus funds, that these bond issues will not only go back to par, but reach a premium which will substantially reward the advocates of patriotism, principle and prohibition who hold onto them,” says William H. Anderson, New York superintendent of the league. “While the actual cash paid out for liquor did not in normal times greatly exceed $2,600,000,000 a year, the total cost of the traffic, Including crime, pauperism, insanity, shortened life, lessened efficiency, decreased production, and so forth, has been nearer $10,000,000,600, and the aggregate saving to America will be sufficient, if it could be capitalized, to wear out the war indebtedness in not to exceed four to five years. The biblical statement, 'righteousness exalteth a nation,’ finds striking exemplification In the fact that the adoption of the righteous policy of prohibition will enable America to effect a saving which will absorb the entire money cost of her righteous participation In the war for the protection of civilization and human freedom.”

New Jersey Takes Up . Teachers* Pay Fight NEWARK, Jan. 5.—-The managers of the state-wide school and teacher campaign being conducted in New Jersey for the purpose of securing higher pay for school teachers have asked the support of 100 of Newark’s foremost citizens. Letters from the campaign headquarters, located in Neyark, ask the citizens to support the movement by becoming members of a general campaign committee, sayin: "It Is for school betterment, for the welfare of the school ehildrei) of the state, that this campaign is undertaken. It is a campaign to save our public school system.” Football was played in Japan as early as the year 794 of the present era. China played football long before Japan, so long ago that the football was stuffed with hair until the fifth century, when some ingenius Chinese thought of inflating it. ,

STEAMSHIP TICKETS-TOURS | PRINCIPAL LINES REPRESENTED | ?■ MONEY FORWARDED to EUROPE DIRECT CONNECTIONS ABROAD | FLETCHER AMERICAN CO. FOREIGN DEPARTMENT

CENTRAL STATES AGENCIES Incorporated under the laws of tho State of Indiana Financial Brokers and Underwriters Market Price Paid for Liberty Bond* Phones An*o* 127 £. Market St., Indianapolis

Money to Loan on Mortgage* STATE LIFE INSURANCE CO.

Grains Gain on Export Sales and Unsettled Weather .

FUEL SUPPLY BIG QUESTION Shortage Brings Matter to Fore in Capital of Austria. VIENNA, Jan. s.—ln view of the gen- • eral shortage of coal here, the question' of the production of other fuel has again become extremely important. Special attention in financial circles is being paid to oil and petroleum which eastern Europe used to produce in abundance. The exportation and the equal and Judicious distribution of the material, however, is rendered particularly difficult today by the exceptionally grave political situation of the .producing countries as well as by the devastations of which territory was the theater. This refers above all to the oil wells of Galicia and Roumanla, while the oil occurrences of Baku, on the Caspian sea, and KerkukChanikin still deserve the greatest attention in the Far East. The extrordinary abundance of the latter’s products was one of the principal reasons why the British naval craft was reconst' , .ted for oil heating. * While the petroleum and oil production of Asia is more or less In British hands already, there ought to be a good opportunity for the investment of American capital in Galicia and Roumanla. American business interests, however, must be aware of the fact that one of the most urgent and indispensible tasks In regard to rational exploitation of the oil wells in that part of the world will be their reconstruction, aiming at bringing about the pre-war standard of production. 1 While the output of minernl oil in Ga- i licla—which centered in Drohobycz and the neighboring territories—was very great in normal times, a considerable number of wells have been choked and devastated during the course of the numerous battles which took place there between the Russians and the Austrian®; even after the armistice and right now this territory is the subject of dispute between the Poles and the Ukrainians; the wells are partly in British and partly in American and Austrian hands. As to the Roumanian oil wells, a considerable part of these is not now In working order, which is chiefly due to the military measures taken by the allies at the time of the German advance in Roumania. Although Gen. I’alkenhayn's experts devoted particular attention to the reconstruction of the deatructed wells, their work was crowned with limited success, and it will take and long period of systematic work to raise the Itouman%oPl oil fields again to their pre-war importance. The Roumanian government is trying hard to achieve results In this respect aad is reported to have lately concluded a convention with the Austrian government whereby they are to supply the Austrians with petroleum and other material of primary necessity in exchange for industrial products. There is an exceptional opportunity at the present time for American capital to take :m Increased active interest in the oil production of eastern Europe; an activity of this kind on the part ofj the United States would be very much! facilitated, first, by the exi-eptionally fn! vorable rates of ex oh an 7 a for America)! coinage in those countries; aud, second! by the marked readiness of the people* and governments concerned to co-operat* with Ameri'-a aud to profit of her etfi-1 cient business organization. ”

Favor Plan to Ship Foodstuff on Credit NEW YORK, Jun. s.—Julius Barnes. United States wheat concurs in the proposal of Herbert ver that food be sent to Europe credit, using the capital of the corporation. In a recent statement il says the profits of the corporat'on :i! the sugar equalization board should B invested to supply the needy during thfl which is probably their last year H lack. V A statement showing the cOrupnrattß wheat and flour movements througho the United States for the weeks ending < Dec. 12. 19is and 1919. issued by ti United States grain corporation, shov 8.042.000 bushels of wheat receipt* fro farms in 1919. as against 15,124.000 1918; 625.484,000 bushels of wheat fro farms from June 27 to Dee. 12 in 191 as against C 21.510.000 In 1918. 2,877.0 barrels of flour produced in one week 1919. as against 3,275,000 in 1918; 07,730,0' barrels from .Tune 27 to Dec. 12 in 191 ns against 37.595,000 in 1948: tota! stock wheat, elevators and mills In 1919, 201 892,000 bushels.

Kansas Plans to Vote on Town Fuel Yards TOPEKA. Kas.. Jan. s.—Enablim acts that will permit the cities, towns and villages of Kansas to establish fuel! yards and install and operate munlcipslj ice plants will be offered at the special! session of the Kansas legislature next month by the Kansas League of Municipalities, aud Richard J. Hopkins, attorney general. The term “fuel yards is used advisedly, because it will not be limited to wood or coal, but will include fuel oil, kerosene, distillate or any other substance used for fuel. The coal crisis demonstrated the need of legislation of this kind. A gold brick of the kind sold by clever swindlers to “easy marßs” Is a product of highly-skilled workmanship. It is made of copper, alloyed with a little zinc, and is painted with real gold to which some mercury has been added.