Indianapolis Times, Volume 32, Number 209, Indianapolis, Marion County, 9 January 1920 — Page 18

18

Stock Prices Fail to Respond to Easier Money Rates

STOCKS SLUMP OFF SHARPLY Bears Find Conditions Right for Another Raid. NEW YORK, Jan. 9.—There was a lack of Interest In the trading at the ppening of the stock market today. Dealings were on a very small scale, knd price movements were irregular and generally confined to fractions. Steel common rose % to 106%, and Baldwin Locomotive % to 118%. Bethlehem Steel B yielded % to 98%, and Republic Steel sold down to 117%. Mexican Petroleum rose 1% to Trans Oil continued In demand, dropping 1% to anew low record of 32%. The announcement of a 12% per cent extra dividend on U. S. Rubber caused as advance of over 1 point to 137%. Industrial Alcohol rose % to 116%. American Tobacco securities dropped 1 point to TO%, Canadians Pacific was the weakest or the rails, falling 1% to 132%. Dealings In the copper and motor shares were quiet. The market turned general! heavy during the forenoon with renewed pressure coning from the trading element on the floor. There were some good rallis from the low levels In the late forenoon. Steel common hung around 106%. Baldwin Locomotive dropped to 116% and then rallied to 118. Trans Oil was under pressure, falling nearly 4 points to a new low record of 30%. The other oil shares were heavy. Pierce Arrow dropped 1% to i5% and Studebaker 1% to 108%. Dealings In copper shares were at a standstill. NEW TORK LIBERTY BONDS. NEJW YORK, Jan. B.—Liberty bond quotations: First 3%5, 99.90; first 4s, 93.10; second 4s, 92.08; first 4s, 93.30; second 4%5, 92.50; third 4%5, 94.72; fourth 4%5, 92.70; Victory 3%5, 99.12; Victory 4%5, 99.12. MOTOR SECURITIES. (By Thomson & McKinnon.) —Jan. 8— v Opening Bid. Ask. Briscoe 72 74 Chalmers com 3 5 Packard com 27% 28% Packard pfd 95 96 Chevrolet 350 550 Paarlpcu 44 Continental Motors com 14 14% Continental Motors pfd 100 102 Hupp com 15 15% Hupp pfd 99 102 Reo Motor Car 28% 29 Elgin Motors 7V4 7% Grant Motors 11 11% Ford of Canada 425 435 International Motor c0m.... 110 125 International Motor pfd so 100 Hendee Mfg 44 48 United Motors 55 65 National Motors 25 27 Federal Truck GO 61 Paige Motors 44% 45% Republic Truck 52 55 | ACTIVE OIL STOCKS. —Jan. 8— (By Thomson & McKinnon.) —Opening— Bid. Ask.! Anglo-American Oil 29% 30% Atlantic Refining 1600 1650 Borne-Serymser 460 480 Buckeye Pipe Line 97 100 Chesebrough Mfg. Cons 250 275 Colonial Oil 105 110 Continental Oil. Colorado... 555 575 ! Cosden Oil and dGas 9% 10% | Crescent Pipe Line 34 37 | Cumberland Pipe Line 130 145 Elk Basin Pete 8% 9 Efureka Pipe Line 148 152 Galena-Signal Oil pfd 110 115 Galena Signal Oil com 95 98 Illinois Pipe Line 175 178 Indiana Pipe Line 97 100 Merritt Oil 20% 21 Midwest Oil 1% 2 Midwest Rfg 171 173 National Transit 35 37 New York Transit 172-. 177 Northern Pipe Line 102 106 Ohio Oil 3.88 392 I’enn.-Mex 78 80 Prairie Oil and Gas 675 685 Prairie Pipe Line 273 277 Sapulpa Refg 7 7% Solar Refining 370 390 Southern Pipe Line 165 167 South Penn Oil 335 340 Southyest Penn Pipe Lines.. 96 99 Standard Oil Cos. of Cal 330 335 Standard Oil Cos. of Ind 740 760 Standard Oil Cos. of Kas 675 720 Standard Oil Cos. of Ky 465 430 Standard Oil Cos. o: Neb 530 550 Standard Oil Cos. of N. ,T 735 740 Standard Oil Cos. of N. Y.... 453 408 Standard Oil Cos. of Ohio ... 545 555 Swan & Finch 100 115 Union Tank Line 129 131 Vacuum Oil 430 435 Washington Oil 3S 42

Wheat Hits Record Price at Chicago CHICAGO. Jan. 9.—Car dark No. 1 northern rash wheat sold to elevator firm at $3.49, highest price on record at Chicago with exception of a car of same grain sold last week in December for seed purposes. Today's Market Gossip The New Orleans cotton exchange is closed today. Legal holiday. Gossip on the floor of the New York cotton exchange is to the effect that a credit has been arranged German interests for 1,000,000 bales of cotton. Chicago wire says that reports are current that exporters are <uter corn again. There are reports of another million bushels of rye worked In last twehty-four hours. Minneapolis wires: Spring wheat 5c k lower, winter wheat seen unchanged all ■morning, but bids new 5c lower. Rye under May. 08„s unchanged. Bar--2L.-' ®u<l corn strong to 4c up. from Chicago says that the WM d for financing grain export huslHess seems improving. This is likely to Ve a strong feature In the near future Export business Is likely to care for any moderate run v of corn’that blazes its way through the wilderness of difficult transportation. The following high lights appeared in today’s Wall Street Journal: “Higher prices in steel industry expected to offset 83 per cent operation for 192 T Federal reserve board seeks to curb commodityspeculators. Wall street market not involved in new steps to reduce loans. Sloes Sheffield should show big 1920 earnings. New York Airbrake may not have earned dividend last year.” Chicago reports Illinois industries bidding $1.40 f. o. b. Illinois points for No. 4 com, any color, January shipment. Exporters are also after more corn, and. with those conditions existing, the cash situation has a firm undertone. Car situation is tight am! it is understood that every effort is being made to assemble equipment to load government wheat for distribution to mills, which can not be other tham at the expense of the corn moTemeny “Judging from press conl'ment,” says a wire from New York, "it seems to be generally agreed that the present market is a trading affair. There is no definite trend apparent which is not at all inconsistent with condition* as they exist and the period of the year has always a bearing. The labor problem Is again a prospective factor in England and in Germany some doubt is expressed as to the ’stability of the government. News relating to steel is good, on copper improving, on railroads it is a guess. With some factors favorab’e, some unfavorable and some doubtful, the market will naturally move slowly.” PROMISE OF CHEAPER SHOES. OMAHA, Neb. Jan. 9.—ls the price of hides has anything to do with the price of footwear there should be a big drop in the price of boots and shoes immediately. In the last four months the prices of hides at ail western packing houses hare dropped from 25 to 45 per cent.

COMPLETE and ACCURATE MARKET REPORTS

| Local Stock Exchange STOCKS. Bid. Ak. Ind. Ry. & Light com 55 60 Ind. Ry. & Light pfd 90 96 Indpls. & Northwest, pfd 75 Indpls. & Southeastern pfd. ... 75 IriGlanapolig Street Ry 50 ... T. H., T. & Llgnl cti. 79 T. H., I. & E. com 2 * T. H., I. & B. pfd 8 16 U. T. of Ind. com 2 U. T. of Ind. lat pfd 4% JO Cl. T. of ina. id p>‘> -3 Advance-Rumely Cos. com... 42 Advance-Rumely Cos. pfd 70 American Central Lne 235 ... Am. Creosoting Cos. pfd.... 97 Belt Railroad com 113% 123 Beit Railroad pfd 32% ... Century Blclg. Cos. pfd 99% Cities Service com 413 417 Cities Service pfd 73% 74% Citizens Gas lid?* ... Citizens Gas, prior to 1817.. 36% ... Dodge Mfg. Cos. pfd 97 ... •Home Brewing ...... 5C y -.. Indiana Hotel com 70 Indiana Hotel pfd 99 ... Ind. National Life.... 4% .- Ind. Title Guaranty 64 71 Indiana Pipe Line 96 Indpls. Abattoir pfd 49 63 Indpls. Gas 53 56 Indpls. Tel. Cos. com 4 8 Indpls. Tel. Cos. pfd 73% ... Law Building 33 Lerncke Realty Cos. pfd 95 Mer. Pub. Util. Cos. ufd 15 National Motor Cos 26 29 Natl. Underwriting Cos Public Savings 2% ... Kauh Fertilizer pfd 50 Standard Oil of Indiana 740 Sterling Fire Insurance 8% 9% Stutz Motor Cos. Van Camp Hdw. pfd 99 Van Camp Pack, pfd 100 105 Van Camp Prod. Ist prd.... 190 Van Camp Prod. 2d pfd... 100 Vandalia Coal com 5 Vandaalia Coal pid.... 12% 16 Wabash Railway pfd 23 Wabash Railway com 8 BONDS. Broad Ripple 5b 90 Citizens Street Railway 55.. 82% 86% Ind. Coke & Gas Cos. 65.... 96 ind. Creek Coal & Mia. 65.. 98 Ind. Northern 5s Ind. Union Xrac. 5s Indpls., Col. & South. 5s 88 Inpis. & Greenfield 5s 97 Indpls. & Martinsville 5* 56 Indpls. & North. 5s 44% 49 Indpls. &. Northwestern 55.. 55% 65% Indpls. & Southeast 5s 40 49 Indpls., Shelby. & S. K. ss. 64 Ind. St. Ry. 4s 61 68 Indpls. Trac. & Ter. 5s 63 Kokomo, M. & M. 5s 84 85% T. H., I. & B. 5 Union Trac. of Ind. 6s 63% 67 Citizens Gas 6s 82% 86 Indiana Hotel 2d 6s 99% 101 Indpls. Gas 5s SO 1 /* 85 Ind. L. & H. 5s 81 87 Indpls. Water os 7... 93 96 Indpls. Water 4%5. 72 80 Merchants H. & L. ref. 65...' 90 94% New Tel. Ist 6s 93 New Tel. 2d 5s 98 New Tel. Long Dlst. 5s 91 .., South. Ind. Power 6s 94% 99 BANKS AND TRUST COMPANIES. Aetna Trust 100 Bankers Trust 115 City Trust 76 Commercial National 72 81 Continental National * 111% ... Farmers Trust 380 Fidelity Trust 11l Fletcher American National. 257 Fletcher Sav. & Trust C 0... 166 Indiana National 271 281 Indiana Trust 204 214 Live Stock Exchange-....... 382 ... , Merchants National 261 National City 114% 120 People's State 170 Security Trust 112 State Savings & Trust 98 97% Union Trust Company..... 865 375 Wash. Bank & Trust 130 LIBERTY BONDS. Liberty 3%a 99.80 100.00 Liberty first 4s , ...... 98.00 Liberty second 4s ......... 91.84 Liberty first 4%s 93.20 93.60 Liberty second 4%s 92,30 92.60 Liberty third 4%s 94.60 94.80 Liberty fourth 4%s 92.64 92.84 Victory 3%s 99.00 99.30 Victory 4%s 99.10 99.30 SALES.

5 shares Continental National Bank 110% Local Bank Clearings Thursday .. $2,821,000 Same day last year 2,783,009 Increase over last year 38,000 Less Cotton Ginned Last Year Than 1918 WASHINGTON, Jan. 9,-Census report shows cotton ginned to Jan. I from the crops of 1919 and 1918, respectively: Total running bales (counting round as half bales), 10,017,389 amt 10,773,863. Round bales included 110,373 and 143,018. American Egyptian, 33,147 and 17,570. Sea Island, 6,710 and 36,849. Wholesale Meats Smoked meats shown call for discount of %c lb for order of 150 of one item; 250 lbs and over discount of %e lb. PORK. HAMS— Regular, 14 ot 16 lbs .3014 Skinned, 12 to 14 lbs 32% Fancy boiled .47 BACON— Fancy breakfast, 5 to 7 lbs.. .47 Sugar cured. 14 to 16 lbs .31 Sugar cured squares .29% Fancy sliced, 1-lb. cartons.... .5?. PICNICS— Sugar cured, 5 to 7 lbs .25 SALT ME A'" - Dry salt powl butts .20% LARD— Refined, tierce basis .26 open kettle, tierce basis .27 FRESH POltb. — Spare ribs , .22 Shoulder bones JK* Tenderloins .57 Dressed hogs .22 Light loins, 7 to 9 lbs .26 Extra light loins, 4 to 6 ibs... .28 Boston butts -24% Fresh boneless butts .an Skinned shoulders .21% SAUSAGE— Breakfast in 1-lb. cartons .30 Standard, fresh, bulk .18% Frankfurts, hog casings *19% Bologna .17% FRESH BEEF. The following prices are on first quality. No. 1, government inspected meats only: Medium steers, 400 to 500 lbs.. .17 No. 2 heifers .15% Native cows 19@24 Medium cows .13 LOINS— No. 3 .20 RIBS— No. 2 39 No. 3 .20 ROUNDS— No. 3 .20 No. 2 32. CHUCKS— No. 3 14 PLATES— No. 3 11 VEAL. CARCASSES— No. 1 quality 23(025 No. 2 quality 14(018 WHOLESALE PRODUCE. The following prices are paid for poultry by local dealers: Eggs—Loss off, 65c. Poultry—Fowls, 28c; springs, 2Sc; cocks, 18c; old tom turkeys, 35c; young tom turkeys, 12 lbs and up 43c; young hen turkeys, 8 lbs and up, 43e; cull, thin turkeys not wanted; ducks, 4 lbs up, 28c; ducks, under 4 lbs. 23c: geese. 10 ibs up, 23c; guineas, 2-lD size, per dor, $10; squabs, 11 lbs to doz. $6; rabbits, drawn, $3: capons, 7 lbs up, 38c. Butter —Clean packing stock, 40c lb: fresh creamery butter in prints is selling at wholesale at 60c; in tubs. 64c. Butter Fat —Indianapolis buyers are paying 68c lb. Cheese (wholesale selling prices)— Brluk, 37c lb; New York cream. 36c; Wisconsin full cream, 36c; Longhorns, 37c; Jlim burger, 38c.

SWINE PRICES JUMP 70 CENTS Decrease in Receipts and Strong Outside Demand Cause. COMPARATIVE SALEH. Good Good Good Choice Mixed Light Jan. Heavy. Heavy. Heavy. 2 . $14.40@ 14.60 [email protected] $14.60014.60 3. [email protected] [email protected] 15.00015.25 6. 6. 14.90015.00 14.90 0 15.00 [email protected] 7. 14.75015.00 [email protected] [email protected] 8. 14.60 @ 14.70 [email protected] [email protected] There was another mild market for hogs. In part, the result of the irregular marketing, but particularly on account of a decrease of about 50 per cent in ihe receipts of 11.000 hogs as compared with the runs earlier this week. A big demand from outside sources strengthened the view’s of sellers and local packers soon found they were In the minority and practically helpless In opposing a demand for-an unusual advance. Outsiders also protested against paying a flat rate for the good hogs instead of the wide range for the last few days, but keen rivalry finally fixed the predominating price at $15.25 for hogs such as sold all the way from sl4 [email protected] the day before. One buyer, whose opinion is usually conservative, estimated that the average cost of the market was between 60@70e higher than on Thursday. There was a sharp rally in prices of pigs, with the best as high as the matured hogs, $15.25, and sows were 25 (@soc higher at $14.75 down. The tiptop price for hogs was $15.35, the same as last Monday. Late in the day there was a weaker feeling and some of the final sales were more or less lower than the opening standard. CATTLE. * In keeping with a considerable decrease in the receipts of 1,100 cattle there was a freer movement in the trading, and any change in the list of prices was Interpreted as being in favor of the selling side, but it did not apear that there was a distinct advance In any department and that none of the business could be consistently quoted more than 25 cents higher than the day before. According to this there is sti’d a difference In favor of buyers of 25 to 50 cents in the list of prices as compared with those prevailing earlier this week. The market for calves strengthened as the trading progressed and the veals finally sold as high as $21.75, but rarely higher than sll. The market for feeding cattle was steady. SHEEP. In the small run of 200 sheep ar.3 lamb* there were again a few lambs qualified to sell at $18.50, and fat sheep at $9, which Indicated the prices were steady as compared with those for the day before. CATTLE. —Steers— Prime oornfed steers, 1,300 lbs. and up $17.00(318.50 Good to choice steers, 1.300 lbs. and up 16.00@1<.00 Common to medium steers, LSOO lbs. and up [email protected] Good to choice steers, 1,100 „ to 1,200 lbs [email protected] Common to medium steers, 1,100 to 1,200 lbs [email protected] Good to choice steers. 900 to 1.000 lbs [email protected] Common to medium steers, 900 to 1.000 lbs O.CKxgm.OO Good to choice yearlings 13.00<g1£.00 —Heifers and Cows— Good to choice heifers [email protected] Fair to medium heifers [email protected] Common light heifers 7.00@ 8.00 Good to choice cows [email protected] Fair to medium cows B.oo<jt! 9.00 Farmers and cutters . 5.00@ 7.00 —Bulls and Calves — Good to prime export bulls.. 950@ 11.00 Good to choice butcher bulls [email protected] Bologna Dulls 7.00@ 8.00 Common to beat veal calves.. [email protected] Common to best calves [email protected] —Stockers and Feeders Cattle — Good to choice steers, 800 lbs. and up [email protected] Common to fair steers, 800 lbs. and up —.... [email protected] Good to choice steers, under •800 lbs [email protected] Common to fair steers, under 800 lbs B.oo@ 9.50 Medium to good cows 8.25® 7.25 Medium to good heifers 7.00@ 7250 Fair to best milkers [email protected] Stock calves, 260 to 450 lbs.. [email protected] HOGS. Good to best heavies, 250 lbs. average up • [email protected] Good, 200 to 225 lbs. average. [email protected] Medium and mixed, 150 lbs. and upward 15.25 Good to choice hogs, 160 to 200 lbs [email protected] Common to good lights, down to 140 lbs [email protected] Rough packers [email protected] Bulk of goou sows. [email protected] Best pigs, under 140 1b5.... [email protected] Feeding pigs 14.50 down Bulk bf good hogs 15.25 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 lb 6.00@ 7.00

Other Live Stock CLEVELAND. Jan. B.—Hogs—Receipts, 4,500- market steady to 10c lower; yorkers, sls; mixed. sls; medium, sls; pigs, sls; roughs, sl3; stags, $lO. Cattle —Receipts, 200; market slow. Sheep and iambs—Receipts, 800; market strong; top, sl9. Calves—Receipts, 300; market, 50c higher, top, $22. CHICAGO. Jan. B.—Hogs—Receipts, 52,000; market. 15<025c higher; bulk, $14.50(014.70; butchers, [email protected]; packers, $13.40(014.25; lights, $14014.00; pigs. $13.50(014.50: roughs. $13.40013.90. Cattle —Receipts, 13,000; market firm to higher; beeves. $8.25020; butchers, $6.40(017.45; canners and cutters. $5.75@8; Btockers and feeders, $6.5002.50; cows, $6.40(0 17.50; calves, $16.50017.75. Sheep—Receipts. 11,000; market, 25c higher; lambs, *13.50019.50; ewes, $5(011.25. EAST BUFFALO, X. Y., Jan. B.—Cattle —Receipts, 175; market- slow, steady; prime steers, $16017; butcher grades, $10@15; cows, [email protected]. Calves —Receipts, 200; market active, steady; culls to choice, [email protected]. Sheen and lambs—Receipts. 800; market active, steady; choice lambs, [email protected]; culls to fair. [email protected]; yearlings, $14016; sheep. $6(012.50. Hogs —Receipts. 2.400: market active, 15@25e lower; yorkers. $15.25® 15.35; pigs, $15.25; mixed, $15.25(013.35: heavies, $15.25(0 15.35; roughs. $12013.25; stags, SIOO 11.50. EAST ST. LOUIS. Jan. B.—Cattle—Receipts, 4.000, including southerns; market. steady; native beef steers, $16,600 16.50; yearling beef steers and heifers, sl4 @ls; cows, $11012: stockers and feeders. $10011; calves, $16.75018; canners and cutters, [email protected]. Hogs—Receipts, 15,000; market, 25c higher; mixed and butchers, $14.50014.90; good heavies, $14.75(014.85: rough heavies, $12.25(013.50; light, $14.65(014.05: pigs, $12.26014.75 bulk of sales, [email protected]. Sheep—Receipts, 1,000; steady; ewes, $9.75 @10; lambs. $18.50(018.75; canners and cutters, $7(08. <8 PITTSBURG, Jan. B.—Cattle—Supply, light; receipts, 5,000: market, steady; lower: choice, $16.50@17; prime heavy, $14,657,14.75; prime, $14.65(014.75; mediums, $15(015.25; good, $lo@16; heavy Yorkers. $15@16; tidy butchers, $14015; light Yorkers, $14(015: fair, $11(013; pigs, $14.90(015; common, $14.9A0015; roughs, $9(018.25; common to good fat bulls, $lO @11; stags, $10(011; common to good fat cows, s6@B; heifers, $0(010.50; fresh cows and springers, $70@140; veal calves, $21.50. Sheep and lambs—Supply 1 , 300:; market, steady; prime wethers. sl2; -good, mixed, $10.50(011.25; fair mixed, $8,500 9.75; culls and common, $4(06.50; lambs, sl9. Chicago Produce. CHICAGO, Jan. B.—Butter—P.eceipts, 5.070 tubs; creamery, extra, 63c; firsts, sC@62c; packing stock, 40@4$c. Eggs Receipts, 1,764 eases; current feceipts, 61 068 c; ordinary, 55066 c; firsts, 85%0690; checks, 40@45c; dirties, 45@53c. \Cheeso —Tyvins, new,~3lc; dairies, 32(3 1 32%c; voufig Americas, 32%c; longhorns, brick, 30c. Live poultry—Turkeys, 40c; chickens. 26c; springs, 28c; roosters, 20c; geese, 26c; ducks, 31c. Potatoes—Re> eeipts, 9 cars; Minnesota, Dakota and Ohio, [email protected].

INDIANA DAILY TIMES, FRIDAY, JANUARY 9, 1920.

On Commission Row Fresh receipts of button radishes arrived yesterday. These were selling at $1.25 dozen large bunches. Hothouse tomatoes received yesterday. Dealers priced them at $3.50 in dozen lots. These are extra fancy stock that by reason of their high price do not enjoy liberal sale. Their distribution is limited to the trade, catering only to select patronage. Potatoes were advanced to $4.50 hundredweight yesterday. Thl3 Is an advance of 25c over Wednesday’s quotation. “I hope it quits after awhlla,” one prominent dealer declared. “1 thought it had when they , reached $4, but still prices go up.” Car shortage and freezing of crop in northern states and Canada are responsible for present strained conditions In the potato market, dealers say. TODAY’S PRICES. Apples—ln barrels: Extra fancy Red Jonathans, sl2; extra fancy Grimes Goiden, $11; Baldwins. $8.50; Greenings, $9; Hubbardson, s9@ll; Jonathans, s9@ 10.50; ; Rome Beauties, [email protected] Kings, $9; Wine Saps, $10; Maine Northern, $10; Wealthy, $8; York Imperials, $8; Klnnalrd Favorites, $8; Grimes Golden, No. 1 grade, $9. In boxes: Rome Beauties, 80s to 150s, $3.50; Grimes Golden, 96s to 1765, $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, SJr.SO. Bananas—-Pound, 7c. Beans—Michigan navy, in bags, per lb. B%c; pinto, 8c; limaa, 15%c;dlackeyed, Bc. Beets—Basket, 40 lbs, $1.50; top, 90c doz bunches. Cabbage—Cwt., $6; red, lb, 10c; Remaine, $1 hamper. Carrots—Basket 40 lbs, $1.50. Cauliflower—Fancy, crate, 12s to 14s, $1.75. Celery—California, crate, 7 to 10 doa, SB. Cider—Gallon, 75c. Cocoanuts—Per 100, $12.50; doa, $1.75. Cranberries—32-lb box. [email protected]; bbl, $9.50; Centennial, bbl, SIOAO. Cucumber —Hothouse, Davis, doa, S3AO; Florida, 6 doz box, $7. Dromedary Dates—Three dozen pkga, $6.75. Figs—New, In boxes, 50 pkga, 6-os, 55c; 24 pkgs, 8-oa, S3.ZJ; 12 pkgs, 10-oz, $2.25; 10-lb layer, $3.25; Smyrna, box 11 lbs, $4.20; Spanish, box, 2 lbs, $5.50. Garlic—Pound, 50c. Grapefruit—Extra fancy Fioridas, $4.50 @4.75; fancy Fioridas, $4. Grapes—California Emperors, in kegs, 32 lbs net, $7.50: Imported Almerias, in kegs, 82 lbs, $8.50. Honey—Comb, new, cases of 24 caps, $7.75; extracted. 80-lb tins, 22c; South American, dark extracted, 16c lb. Lemon*—California*. standard box. $3.50@4. Lettuce—Leaf. lb. 24c: endive, doz. 40c; Iceberg, crate, 4 doa, $5; eastern head, crate, 7 to 9 doz, $5; Fioridas, crate, 3 doa, $3. Mangoes—Fioridas, 2 doa. basket, 50c. Oranges—California, standard box, $4.25@5!25; Sunklst, $5.50@625; Fioridas, $5. Nuts—Filberts, lb, 29082 c; English walnuts, 87@40c; chestnut*. 35c; pecans. 30c, 50c, 70c; Brazils, 28c: almond*, 83@ sßc; sbellbark hickory, 10c. Onions—Red and yellow, cwt, $6; western, $6.50: Spanish Imported, crate, 8.25; green, doz bunches, shallot*, 750; illfornla. crat*. 120 lbs, SB. Oysterplant—doz, 75c. Pears—Claragas, box 40 ibs, $5.50; Nellie, box 40 "ba, $4.50. Popcorn —Lb, 10c. Potatoes—Western fancy, cwt. $4.50; northern white, $4.50. Rutabagas—Cwt. $1.75; 50 lba, sl. Sage—Fancy, doz, 60c. Sweet Potatoe*-Hamper, 45 lbs, $3; Nancy Hall, basket. 40 lba. SJ.6O. Tomatoes—Basket 6 lba, $1.50. Turnips—Bu, $2.78. Blame Family Cat for Death of Infant OKLAHOMA CITY, Okie.. Jan. 9— A family cat Is blamed for ths death, a few days ago, of ths 4-months-old baby of Mr. and Mrs. Claud Wllford, here. The father, returning home from work at 7 o'clock, found the Infant dead at Its mother’s side. According to the belief expressed by tha coroner, following a* Investigation of the baby's death, the cat sucked the Infant's breath until It died.

Baptismal Water Checks Church Fire BERKELEY, Cal., Jan. 9.—Baptismal water proved to be as good a Are extinguisher when hurled from a baptismal font as any other kind of water when the First Christian church was threatened by fire. The gas heater in the church Ignited the basement walls and the flames were spreading rapidly when Rev. j. H. McCartney, pastor of the church, discovered the fire and used the water in the baptismal font with which to extinguish it. * Claims His Process Will Produce Gold LOUISVILLE, Jan. 6.—The production of gold and silver through a mechanical duplication of nature’s process of the result of experiments covering a period, of eighteen years was announced hew and documents were produced Intended to show that at least one eminent chemist has made gold from the formula of the discoverer. The discoverer of the process is Dr, Thomas M, Rees of Dayton, Ky. He has worked on the theory that certain ctemicals subjected to known degrees of heat for exact period* produce gold. Judge Landis Plays in Court CHICAGO, Jan. 9.—Private Banker Randall W. Hunter, a negro, played end man to Federal Judge Landis (Intariocntor) during beering of a voluntary bankrupt suit before the Judge. Randall testified that in 1915 ho came to Chicago from Alabama and started three banks on sl,loo the banks’ deposits are now in excess of $90,000. “Church connections ?” asked Judge Landis. w “Sure. In the morning I go to the Methodist church and at night I go to the Baptist church.” “Quite religious,’’ commented the Judge. “Well, you see, Judge, I’m a Methodist in business but I’m a Baptist in holy affairs.” Plot to Dynamite • Oil Wells Discovered BAKERSFIELD, Cal., Jan. 9.—Alhough every possible effort is being exerted to frustrate plans of I. W. W.’s and other radicals throughout California, an alleged plot has been uncovered hero to dynamite oil wells In this vicinity. More than 250 pounds of high power dynamite has been discovered hidden in the hills near Taft by Ford Alexander, explosives expert for one of the oil companies hens. The dynamite was exploded bi authorities. Local police officials have announced that they believe they have a clew as to who Is responsible for the “planting” of the dynamite, but have declined to make public any further information relative to the matter. CUTTER KILLED BY FALLING TREE. EMPORIA, Idas., Jan. 9.—William Davis, 45, a farim hand, met with a peculiar and fatal accident near here recently. Davis was sawing through the trunk of a treee, jvhen the saw rebounded, struck him in tt face and stunned him. A moment later Ibe tree fell, killing Davis instantly. I

GRAIN MARKET SHADE HIGHER Car Shortage Checks Receipts N and Prices Go Up. CHICAGO, Jan. 9.—Grain prices on the Chicago Board of Trade were slightly higher today, due to light movement. Buyers said the light movement was due to the car shortage. Many farmers have sold their grain to buyers, but are unable to ship It, they -reported. Provisions were higher. January corn opened up %c at $1.41 and subsequently gained another %c. May corn was unchanged at the opening of SL3G%, but advanced %c later. July com up %o at the opening, $L34%, remained unchanged. May oate opened up %c at 84%c, but lost %c later. July oats up %c at the opening, 78%c, remained unchanged. CHICAGO GRAIN. —Jan. 8— CORN—Open. High. Low. Close. Jan. 1.40% 1.41% 1.40 1.40% .% May. 1.36% 1.87% 1.36 1.36% t % July 1.34 1.35% 1.33% 1.34% f % OAT SiMay. 84% 85% 84% 84% July 78 78% 77% 78 t % PORK— Jan. 87.00 87.00 37.00 37.00 May. 38.20 38.20 35.00 38.20 t -10 LARb— Jan. 23.92 23.92 23.72 23.92 t .22 May. 24.85 24.95 24.77 24.95 t -25 RIBS Jan. 19.55 19.55 19,55 19.55 t .15 May 20.50 M. 35 20.47 f .17 flncrease over yesterday's close. CHICAGO CASH GRAIN. CHICAGO, Jan. 8. —Corn—No. 4 mixed, [email protected]; No. 2 yellow, $1.56%@1.58; No. 8 yellow, [email protected]%; No. 4 yellow, $1.49%@L53; No. 3 white, [email protected]; No. 4 white, [email protected]. Oats—No. 1 white, 87%@88%: No 2 white, 87%@88%c; No. 8 white. 86@87%c; No. 4 white, 85%@ 86%c. Timothy s9@lS. TOLEDO CLOSES. TOLEDO, 0., Jan. B.—Corn—No. 3 yellow, cash, $1.54. Oats—No. 2 white, cash, 90@91c. Barley—No. 2 cash, $1.60. Rye— Cash, $1.86. Cloverseed—Cash and January, $33.15; February, $33.30; March, g!.15. Timothy-Cash (1917 and 1918). 97%; cash (1919), March. April and May, $6.20. Butter—7oc. Eggs—7sc. PRIMARY MARKETS. (By Thomson & McKinnon.) —Receipt*— Wheat. Corn. Oats Chicago 82,000 112.000 136,000 Milwaukee 24.000 90.000 102,000 Minneapolis... 246,000 27,000 26,000 Duluth 20.000 St. Louis 34,000 124.000 112.000 Toledo ....... 11,000 8.000 6,000 Detroit ... 1.000 JO.OOO 2.000 Kansas City.. 238.000 40.000 48,000 Peoria 5.000 7(5,000 29.000 Omaha 48,000 115.000 64,000 Indianapolis... 12,000 35,000 40,000 Totala 671.000 640.000 565,000 Year ago... 928,000 992,000 624,000 —Shipments— Wheat. Corn. Oats. Chicago 1.12,000 128,000 200.000 Milwaukee.... 17.(100 6.000 2.000 Minneapolis... 139,000 46,000 116,000 Duluth 4.000 Bt. Louis 43.000 47.000 91,000 Toledo 1.000 1,000 6,000 Detroit 12,000 Kansas City.. 251,000 30,000 34,000 Peoria 67,000 32,000 Omaha ... 95,000 52.000 66,000 Indianapolis... 5,000 21,000 14,000 Totals 667,000 405,000 651,000 Year ag0.... 341,000 861,000 503,000 —Clearances— Dom. W. Cora. Oats. New York 3,000 1,000 25,000 Total* 3.000 1,000 25.000 Year ago... 1,138,000 100,000 549,000

INDIANAPOLIS CASH GRAIN. —Jan. 8— Com—Firm; No. 3 white, $1.59%; No. 4 white, $1.54%<ai.56%; No. 5 white, $1.50%; No. 4 yellow, $1.50%<0L51 ; No. 6 yellow, $1.46%; No. 4 mixed, $1.49%® 17250%; *fo. 5 mixed, $1.45%. Oata— Steady; No. 2 .white, 90©90%c; No. 3 white, 85%@90%; No. 2 mixed, 90%c. Hay—Firm; No. 1 timothy, $30.50(031; No. 2 timothy, $29-50(030; No. 1 light clover mixed, $2950030; No. 1 clover mixed, $29(029.50. —lnspections Com—No. 2 white, 1 car; No. S white, 4 cars; No. 4 white, 12 cars; No. 5 white, 1 car; No. 1 yellow, 1 car; No. 3 yellow, car*; No. 4 yellow. 11 cars; No. 5 yelow, 9 cars; sample yellow, 1 car; No. 4 mixed, 6 cars- No. 5 mixed, 2 cars; ear, 1 car; total. 52 cars. Data—No. 1 white, 3 cars; No. 2 white, 22 cars; No. 3 white, 7 cars: No. 1 mixed, 1 ear; No. 2 mixed, 2 cars; total, 35 cars. Rye—No. 3, 1 car. Hay—Standard timothy, 2 cars; No. 3 timothy. 2 cars; No. 8 timothy, 1 car; No. 1 clover mixed, 1 car; No. 1 clover hay. 1 car; total, 7 cars. Alfalfa—No. 8, 1 car, WAGON MARKET. The following are the Indianapolis f trices of bay and grain by the wagon oadl Hay—Loose timothy, 831(032 a ton; mixed, $30(033; clover. $80(038. Corn—sl.so(ol.6o bushel. Oats 85087 c bushel. Straw—wheat, sß@9 ton; oata, $14015. WAGON WHEAT PRICES. Indianapolis elevators and mills are paying $2.45 for No. 1 white, $2.42 for No. 2 and $2.39 for No. 3. All other grades according to quality. RETAIL COAL PRICES. Prices on coal delivered at euro. Extra charge for service when additional labor is required: Indiana,Linton, No. 4, lump $ 0.75 Indiana, No. 5. lump 8,76 Indiana egg and nut 6.75 Indiana mine run S,OO Indiana nut and slack 5.50 Brazil block 8.00 West Virginia splint lump 8.50 Kentucky eastern lqmp 8.50 Pocahontas shoveled 1ump..... 10.00 Pocahontas mine run 8.50 Pocahontas nut and alack 8.00 By-product coke, all sizes 11.25 Anthracite, all sizes 13.00 Blossburg, Smithing 10.00 West Virginia Caanel lump H.OO Illinois lump, Harrisburg 7.50 Hocking Valiev lump 8.50 Coal and coke at yard, 50c per ton less. Kindling with coal, 15c a bundle; separate delivery, 10 bundles. $2. Charcoal, 20 lbs to bushel, wagon lots, 4fio bushel: small lots. 50c bushel. —Extra Service Charges—--75c per ton dumped and wheeled extra nan. $1 per ton wheeled from wagon by driver. i1.25 bags per ton ground floor. i.50 bags per ton carried into cellar. LOCAL HIDE MARKET. Green Hides—No. 1,22 c; No. 2,21 c. Green calves —No. L 50c; No. 2, 48%c. Horsehides—No. 1, $10; No. 2, $9. Cured hides—No. 1,25 c; No. 2,24 c. Advises Conservation to Prevent Famine SAN FRANCISCO, Jan. 9—America will feel the most appalling food shor-.-age the world has ever known late next spring unless strict conservation is observed, is the warning given here by Thomae Forsyth Hunt, dean of the University of California. “Cease buying expensive clothing and shoes and practice the utmost economy all down the line, or the 00 per cent food conditions now existing In Europe will be so greatly reduced by spring that starvation will kill more persons than the war, and America herself will go for lack of proper food,” Dean Hunt said. '"The demand to be made upon America's food resources l>y Europe next year will surpasss ‘anything heretofore dreamed of, and onli the housewives can prevent actual faming In this country.”

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, choice, per Id $ .05@10 Bananas, dozen 20@30 Beans, stringless, 1b..... .30 Beans, navy, lb .10 Beans, lima, lb JL7 E-eans. Colo, pintos, lb .10 Brussels sprouts, box .25 Carrots, lb ... .10 Cabbage, lb .08 Cauliflower .25@35 Celery, bunch 10@15 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, bunch .10 Parsley, per bunch .05 Parsnips. 2 lbs .15 Pineapples, each a .So@4o 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 Strawberries, qt b0x........... 1.25 Sweet potatoes, lb 06%@10 Turnips, lb .10 Parsnips, lb .10 MEATS. Lamb chops, lb .....$ .40@45 Leg of lamb, per lb .85040 Boiled ham, per lb .75 Smoked ham, per lb .40@50 Round steak, per lb .85 Fresh beef tongue .30 Smoked beef tongue 40@45 Roast beef .25@30 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 Hams, whol e .30 Lard, lb 33@35 Lamb stew 15@23 Spareribs, lb .25 Shoulders, fresh beef ......... .30 Shoulders, fresh pork .27 Beef liver .15 Veal chops .85@40 Veal steak .50 Calf liver 80@35 PRODUCE. Hens, full dressed, 1b..........$ .45 Frys, dressed, 1b............... JSO Ducks, dressed, lb.. .48 Geese, full dressed, lb .45 Rabbits, dressed, each ........ .45@30 Eggs, fresh selects, doa ...... .78 Eggs, storage, doz .58 Butter, creamery, lb 68@72

City Captures National Honor In Garden Work Vacant Lot Cultivation on Increase, While Elsewhere It Is Falling Off . Indianapolis was the only city in the country which increased the number of its home, vacant lot and suburban farm gardens during 1919. Harry Miesse, secretary of the Patriotic Gardeners’ association, announced today. Every other city showed a slump of Interest in gardens after the end of the war. A survey of the years’ work done by the association Just completed by Mr. Miess i shows that the city had 31,866 back yard gardens, 18,794 vacant lot gardens and 2,305 acres of suburban land under garden cultivation. $637,830 IN PRODUCE RAISED IN BACK YARDS. Upon the back yard gardens $637,320 worth of produce was raised; on the vacant lots, $751,700, and on the suburban plots, $461,000 worth. The total value of all produce raised within the city limits was $1,850,080. In addition to directing the planting and cultivation of the 62,965 slots the association sent out 43,863 bulletins, distributed 102,500 free plants and gave away 95,000 packages of seeds. RECORD TO BE BEATEN IN WORK THIS YEAR. "We expect to better this record in 1920,” =>aid Mr. Mlesso. “There is every reason why there should be more gardens this year than last because there is looming a great shortage In canned food products. We ll simply have to raise and can our own.” Persons who expect to have vacant lot gardens had better telephone the garden headquarters on the third floor of the city hall, 3463-39 and Main 2974, immediately or *ll of the choice plots will be taken, the secretary warned. CLEVELAND PRODUCE. CLEVELAND, Jan. s.—Butter—Creamery, in tuba, extra, 68%@fl0c; extra firsts, 67%068c; first*, M%@67c; prints, lc higher: seconds, 64(065c; packing 45c. Eggs—Northern extras, 73c; extra firsts, 72c; northern firsts, new cases, 71c; old cases, 70c; southern end western first*, new cases, 70c; refrigerator extras. 55c. Poultry—Live fowls, 27@)28e; heavy grades, 83@360; roosters, old, 21c; springers, 27028 c; heavy grades, 33© 34c; ducks, 38@40c; geese, 33c; turkeys, 45c. j

$50,000 American Town Lot Preferred Pays 8% And always has regularly since organization 6 years ago . Local Non-taxable Security. Also Free from Normal Income Tax. Dividends Paid Quarterly. Net assets at close of last fiscal year over 3% times outstanding preferred. Net earnings for the four years and eight months ending October 1, 1918, averaged over $42,000 per annum, and the net earnings for the year ending October 1, 1919, amounted to over $65,000, or more than 4% times the annual dividend on the total outstanding preferred, Including this additional offering. This company has had marked success from the very beginning, and is now one of the largest and strongest real estate companies in the middle west. GROWTH OF COMPANY jsjj YEAR ENDING. ASSETS. grBPLrS. Sept. 30, 1914 $662,681.67 $32,459.10 Sept. 30, 1915 $741,329.50 $79,790.41 Sept. 30, 1916 $837,720. 89 $128,829.12 Sept. 30, 1917 $967,247.84 $191,142.88 Sept. 30, 1918 $972,867.61 $210,188.68 Sept. 30,1919 $1,111,223.16 $275,978.82 This real estate preferred stock is based entirely upon real estate, and is surrounded by strong protective provisions regarding Maturities, Sinking Fund, Maintenance of Assets, and Security of Dividends and Principal. It has the safety of a real estate mortgage bond, with the advantage of being free from taxes. We offer the uni old portion of this stock in amounts to suit purchasers. PRICE PAR , SIOO PER SHARE, YIELDING 8 % The right is reserved to reject any and all applications, and also in any case to award a smaller amount than applied for. . Orders may be telephoned or telegraphed at our expense. Further particulars and descriptive circular on request. LAFAYETTE PERKINS ? Phpnes—Beil, Main 4295; Automatic 22-535. 918 Fletcher Trust Building.

Cattle Starving on Wyoming Range Reports from western states that have been current for some time concerning the condition of grasing lands seem to have been well founded. The following wire was received by The Times yesterday: “Ft. Worth, Tex., Jan. B.—Nine thousand cattle, belonging to United States Senator Kendrick of Wyoming, have been moved into Texas to escape the drouth in the former state.”

SHIPPERS WANT POWERS AGAIN Petition Congress That New Board Not Needed. CHICAGO, Jan. 9.—ln a memorial to congress, made public here, the national shippers’ conference demanded immediate restoration of their powers to state and federal courts and commissions over the railroads. The memorial was addressed primarily to the joint committee considering Senator Cummins’ bill for the termination of federal control. The shippers, representing nearly all l nes of business except the packers, opposed the proposal to create a transportation board, arguing that It would be confusing to give the new board powers which have been vested In the interstate commerce commission. GUARANTEE TO ROADS MEANS LOST EFFICIENCY. A permanent guarantee of returns for the roads was attacked a* socialistic and apt to result In loss of efficiency and initiative by the roads. On the same grounds the proposal to approprl: te for the government any surplus earnings was disapproved. It would mean penalization of efficiency, the shippers said. The provisions for compulsory consolL datlon of roads into rate making groups was called “theoretical, visionary. Impractical, unwise and wholly unjustified.'* Pooling of earnings would destroy competition. the shippers said. ASK FOR LAWS X TO STOP STRIKES. The organization asked for Just legislation which will prevent railway strikes. No recommendations were made. It was suggested the Interstate commerce commission ba authorized to investigate rail and waterways to determine possibilities for extension and unification. Officers of the shippers’ conference are 8. H. Cowan, Ft. Worth, Tex., president; J. G. Barbour, Canton, 0., vice president: J. A. Ronan, Chicago, secretary.

7% TAX EXEMPT We have paid fifteen consecutive semi-annual cash dividends 0f3 32%/ 2 % each on our preferred stock. Fifteenth dividend was paid July 2, 1919. This stock is now npon a PARTICIPATING BASIS and will share in ths earnings over and above the regular 7%. If you have money that is not earning 7% above taxes cut out and mail the coupon below and we will send you booklet explaining how profits are made and why real •state security is absolutely safe. Indianapolis Securities Company Established 1912. Third Floor Law Bldg. Frank K. Sawyer, Pres. Without obligation on my part kindly send me descriptive literature relative to your 7% nontaxable participating preferred stock. Name ~■........ Town. . -. ...... ... * Street.. . 4... •••••• -*. • *— -• •

CENTRAL STATES AGENCIES Incorporated under the law* of tha State of Indiana Financial Brokers and Underwriters Market Prloe Paid for Liberty Bonds Phones 127 £ Market St., Indianapolis

BFire and Burglar Proof Safes and Vault Doors Real Fireproof Filing Safes In Five Sizes From 20x30 to 40x60 inside. These safes can be equipped with any steel filing system. A complete line of office furniture and equipment. Aetna Cabinet Company Display rooms 83L-3W W. Maryland St., Indianapolis

Money to Loan on Mortgages STATE LIFE INSURANCE CO.

Grain Prices Drop Off After Short Gain at Start

WARNS ON EVILS OF SPECULATION Government Forces Combine, to Halt Rush for Wealth. \ WASHINGTON, Jan. 9.—America Is oni the crest of a wave of speculation andfl government agencies are combining hold the credit of the nation down sound basis. A drive against speculation is being made through the treasury department, congress and private organizations. The speculation comes as the aftermath of war and the ease with which it has been possible to establish credits, aomraing to the federal reserve board. WAR PROFITS HELD TO BLAME. The mushroom industry of the war, the rich strikes in oil in the west and the general release of money from wartime pressure have all contributed, it Is pointed out. “Speculation became rampant In all sections of the country with the end of tha war.” Gov. Harding of the federal reserve board declared. He pointed out that this was largely due to the ease with which credit could be obtained and the desire for large profits. RESERVE BOARD TO RESTRICT WASTE. The federal reserve board has taken steps to check loans by the banka and attempted :o restrict the speculative waste, for Gov. Harding has given warning that this year will find the investment markets making large demands upon the nation’s finances for carrying the railroads through the period of transition from foverament to private control and for nancing rapidly expanding foreign trade. Legal to Condemn Barberry Bushes Replying to a question • whether the state conservation commission had the authority to Issue an arbitrary order calling for the destruction of all “common” Barberry bushes as detrimental to wheat. Attorney General Ele Stansbury gave a formal opinion to the effect that the i~oard had the power to do this, provided there was no other remedy. The question is the first that has been raised regarding the provision of the conservation commission law giving the commission power to issue orders which have the effect of law and fixing penalties for their violation.