Indianapolis Times, Volume 32, Number 231, Indianapolis, Marion County, 4 February 1920 — Page 10

10

Demoralized Foreign Exchange Paralyzes Stocks.

STOCKS SLUMP OFF SHARPLY All Issues Show Declines as Exchange Drops. NEW YORK. Fob. 4.—The continued weakness in t.be foreign exchange market caused heavy selling at the opening of the stock market today, on whicli_f urther losses of from fractions to over o points were sustained. .no./ Steel common' sold off % '‘L ' Crucible dropped 4 points to 208,Hepublic Steel % to 106% and, Baldwin Locomotive 1% to 110%. Bethlehem Steel Ft vtelded 1 point to 02%. General Motors suffered the heaviest loss, dropping over 5 P°'“ ts *° Pierre Arrow dropped 2% to 63. Chandler Motors 2% to 130>4, Stutz Motors 3 points to 123% and Studebaker 1 point to 100 s. Middle States Oil fell 3 points to a new low of 31%. Royal Dutch fell 1 point to 103, Pan-American Petroleum 3 noint to 88%, Sinclair 011 1% to ..8 and Trans 011 1 point to -’3%. Petroleum fell over 2 points to ISO and American Woolen 2 points to WO. of 1 point were general in nearly everj stock traded in. , Southern Pacific was the of the rails, falling one point to There was continued commission house liquidation during the forenoon and further declines were suffered. Steel common sold off 1 point to 101%. Republic Steel dropped to 104% and Baldwin and. dined to 109. e. The oil stocks continued henvy Sinclair Consolidated sold off to 37vk and Royal Dutch declined to 100%. General Motors yielded 10 points to 285% and Tierce Arrow 3% to 61%. The Tobacco stocks were pressed for sale. Declines were suffered in the railroad issues, Canadian Pacific dropping to 124, the lowest price it. has touched 6inee 1904. NEW YORK I.IBERTY BONDS. NEW YORK. Feb. 3.—Liberty bond quotations: Liberty 3%5, 98-2®i 91.04: second 4s. 96.02: first 4%5, 9134, second 4%5, 90.18; third 4%S 93.02, fourth 4%5, 90.34; llctory 3%5, 9i.84, Victory 4%5, 97.82. MOTOR SECURITIES. (By Thomson & McKinnon.) Bid. Ask. Briscoe ”!? 7 r Chalmers com ” Packard com ••••• -4Mi a Packard pfd ?6 9) Chetrolet % 35® Peerless 44 Continental Motors com... 13 14% Continental Motors pfd... 100 10Hupp com I^% Ford of Canada 425 44Hendee Mfg 44 43 United Motors 50 "* National Motors 24% 25% Federal Truck <0 , <- Paige Motors 43% 44% Republic Truck 51 53

ACTIVE OIL STOCKS. (By Thomson & McKinnon.l —Opening— Bid. Ask. Anglo-American Oil ,_*■* Atlantic Refilling 14<n 152a Borne- Scrymser <• 420 4->o Buckeye Pipe Line 00 00 Chesebrough Mfg. Cons.. 250 Continental Oil. Colo Cosden Oil and Gas 0 \ M Crescent Pipe Line cl Cumberland Pipe Bine H;* ,-, 0 Eureka Pipe Line. L>.i 150 Galena-Signal Oil, pfd OS 10 Galena -Signal Oil. corn <S 2" Tllinols Pipe Line ~l*2 1.7 Indiana Pipe Line 0* Merritt Oil -}?* Midwest Oil ..I - Midwest Refining 105 National Transit • • 3_ Northern Pipe Line -U B£ 1® Ohio Oil ?S 3| Prairie Oil and Gas 050 000 Prairie Pipe Line 258 -'>s Sapulps Refining Solar Refining * * 350 3SO Southern Pipe Line 108 I*~ South Penn Oil *-® 330 Southwest Penn Pipe Lines. 07 10_ Standard Oil Cos. of Cal. ... 320 325 Standard Oil Cos. of Ind. ... 720 ;30 Standard OH Cos. of Ky. ••• 43n 400 Standard Oil Cos. of Neb. ... 515 540 Standard Oil Cos. of N. .T. ... 750 <t>o Standard Oil Cos. of N. Y ... 420 435 Standard Oil Cos. of Ohio ... 525 o 0 Swan & Finch 100 110 Union Tank Line 130 130 Vacuum Oil .. 420 4..0 Washington Oil •'•••• 404 o British Turn Back Imports of Cotton LONDON. Feb. 4.—The importation or cotton was stopped today because of the unprecedented fall in the exchange rates on the English pound sterling. Some cotton shipments were turned back. The stoppage of imports is the first telling effect of the exchange rate reaching a point whore it does not pay traders to import goods, said the Star. NEW YORK, Feb. 4.—The announce ment tha-t England would stop importations of cotton because of the demoralization in the value of the pound led to excited and wild selling in the cotton market during the early afternoon. Cotton was freely offered from all sources and prices broke violently 168 to 186 points, or from '.fS to $3 a bale. Charles L. Morgan Visits Mother Here Charles Lemon Morgan, who has charge of the Old Masters’ exhibit of the Ehrlch art galleries of New York, is in the city visiting his mother, Mrs. Mary Morgan, 537 East Thirty-second street. Mr. Morgan is a graduate of Shortridge high school and was formerly a student at Butler college. He left Indianapolis to study at Columbia university and later became employed in the print department of Ehrich’s. During the war he served nine months in the navy. Mr. Morgan now has charge of an exhibit of twenty-five old masters valued at §IOO,OOO on display in Minneapolis. Minn. Lynn Morgan, bis brother, who was a scholarship student at the Herron Art school, is now a successful illustrator in New York. Mexican Exports of Oil Increase NEW YORK. Feb. 4.—Total oil exports from Mexico for December were 7,099,738 barrels, according to figures received here from Mexico. This was an 'ncrease of 979,079 barrels over November. RETAIL COAL PRICES. Prices on coal delivered at curb. Extra charge for service when additional labor Js required: Indiana Linton, No. 4, lump § 6.73 Indiana, No. 5, lump 6.75 Indiana egg and nut 6.75 ndlana mine run 6.00 ndiana nut and slack 5.50 Irazil block 8.00 Pest Virginia splint lump 8.50 Kentucky eastern lump 8.50 Pocahontas shoveled lump 10.00 Pocahontas mine run 8.50 Pocahontas nut and slack 8,0*4 By-product coke, all sizes 11.25 tnt hracite, all sizes 13.00 iossburg, smithing lp.oo r est Virginia Cannel lump 11.00 Illinois lump, Harrisburg 7.50 Hocking Valley lump 8.50 Coal and coke at yard, 50e per ton less. Kindling with coal, 15c a bundle; sep grate delivery, 10 bundles, §2. Charcoal, 20 lbs to bushel, wagon lots, £sc bushel; small lots, 50c bushel. —Extra Service Charges—--75c per ton dumped and wheeled man. $1 per ton wheeled from wagon by driver. , <51.25 bags per ton ground floor. sLsftj>ags per ton carried Into cellar.

COMPLETE and ACCURATE MARKET REPORTS

j Local Stock Exchange j STOCKS. Bid Ask. Ind. Ry. &. Light com 55 60 Ind. Ks. & Light pfd 90 98 Tndpls. & Northwest, pfd 75 Indpls. &• Southeast, pfd.... ... 75 Indpls. St. Ry 55 ... T. H., T. & Light pfd 79 T. H., I. & E. com 2 ... T. H.. T. & E. pfd 9% ... U. T. of Ind. com 1 U. T. of Ind. Ist pfd 4% ... If. T. of Ind. 2d pfd 2 Advance-Itumley Cos. c0m.... 40 ... Advance-Kumley. pfd 68 Am Central Life 235 Am. Creosoting Cos. pfd 97 Belt Railroad com 115 122 Kelt Railroad pfd 53% ... Century Bldg. Cos. pfd 99 Ciiies Service com 400 405 Cities Service( pfd 71% 72 Citizens (las 36 Citizens Gas, prior to 1917.. 36% ... Dodge Mfg. Cos. pfd 98% ... Home Brewing 50 Indiana Hotel com 73 Indiana Hotel pfd 99 Ind. National Life 4% ... ind. Title Guaranty 64 72 Indiana Pipe Line 95 Indpls. Abattoir pfd 49% ... Indpls. (Fas 53 56 indpls. Tel. Cos. com 4 9 Indpls. Tel. Cos. pfd 73% 83% Law Building 110 Lemcke Realty Cos. prd <ls ... Mer Pub TJtl Cos pfd 45 55 National Motor Cos 24 26 Natl. Underwrit. Cos Public Savings 2% ... Rauh Fertilizer pfd 50 ... Standard Oil of Indiana 710 Sterling Fire Insurance S% 9% Stutz Motor Cos Van Camp Hdw. pfd 99 ... Van Camp Pack, pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalta Coal coin 5 Vnndalia Coal nfd 11% 14% Wabash Railway, pfd 22 Wabash Railway, com 7 BONDS. Broad Ripple 3s 55 Citizens Street Ry 5s S2 80 Ind. Coke & Gas Cos 6s 98 99 Ind. Creek Coal & Min 65... 98 Indpls. & North 5s 43 49 Ind. Unior Trac 5s Indpls., Col. & South 5s 88 Indpls. & Greenfield 5* 97 Indpls. A Martinsville 55.... 58 65 Indpls. & North. 5s 43% 45% Indpls. k Northwestern 55... 55 65 Indpls. & Southeast 5s 40 50 Indpls., Shelby & S. E. 59... 64 Ind. St. Ry 4s 61 G 8 Indpls. Trac. & Ter. 5s 61 Kokomo, M. &M. 5s 83% 87 T. H , I. A E. 5s Union Trac. of Ind. 6s 60 Citizens Gas 5s 84 87 Indiana National 282 Indpls. Gas 5s 80 85 Ind. L. A H. 5s 81 80 Indpls. Water 5s 93 98 Indpls. Water 4%s <74 79 Merchants H. A L. ref 55.... 90 94 New Tel Ist 6s 93 New Tel 2d 5s 98 New Tel Long Dis 5s 91 South Ind Power 6s 94% 98% BANKS AND TRUST COMPANIES. Aetna Trust 102 Bankers Trust 115 City Trust 80 Commercial National 72% ... Continental National 111% Farmers Trust 390 Fidelity Trust 112% ... Fletcher American Natl 257 Fletcher Sav. A Trust C 0.... 167% ... Indiana National 282 292 Indiana Trust 206 % 216% Live Stock Exchange 382 Merchants National 261 ' .. National City 115 118 People’s State 170 ... Security Trust 113% .. State Savings A Trust.....*.. 95 97% Union Trust Cos 366 Wash. Bank & Trust Cos 131 LIBERTY BONDS. Liberty 3%s 98.10 98.30 Liberty first 4s 91.14 Liberty second 4s 90.00 .... Liberty first 4%s 91.32 91.50 I.ibertv second 4%s 90.20 90.40 Liberty third 4%s 03.00 93.20 Liberty fourth 4%s 90.32 90.50 Victory 3%s 97.78 97.96 Victory 4%s 97.92 9-S.OO SALES. 10 shares Natl. City Bank 115 5 shares Natl. City Bank 111 20 shares Belt Ry.. com 115 2 shares Continental Natl. Bank... 111% Local Bank Clearings Tuesday $3,186,000 Same day last year... $2,631,000 Increase over last year $ 555,000

On Commission Row Northern potatoes were priced 20 cents hundredweight lower yesterday. Now selling at §5. Western varieties hold steidy at $5.5006.25. Strawberries were quoted I*4 rents quart box lower at 65 cents. Heavier receipts received daily have forced the break, dealers say. Onions are 50 cents a hundredweight lower at $6.50 for the Indiana red and yellow and western stock. Shipments are Increasing, dealers report. Tomatoes are sOeost crate lower at $5.5006. Receipts are heavier, dealers say. Stock ia coming to market in much better condition, they also report. Leaf lettuce is tending to ease off. Barrel lots now selling at 20 cents a pound and less than barrel at 22 cents. This is 2 cents lower than last week and dealers think price will drop still lower. TODAY’S PRICES. Apples—ln barrels: Extra fancy Red Jonathans, sl2; extra fancy Grimes Golden, $11; Baldwins, SS.SO; Greenings, $9; Hubbardson, $9011; Jonathans, s9@ 10.50; Rome Beauties, $8.50010.50 Kings, $9; Wine Saps, slo;‘Maine Northern, §10; Wealthy, §8; York Imperials, $9; Kinnalrd Favorites, §8; Grimes Golden, No. 1 grade, $9. in boxes: Route Beauties, 80s to 150s, $3.50; Grimes Golden, 96s to 1755, $3.50; Delicious. 80s to 1508, $4.50; Winter Bananas, 80s to 150s, $3.75: Yellow Ortley, 72s to 1635, $3.50 @3.75; Spitzenbeig, 80s to 150s, $3.00. Bananas -Pound, 7 J 2-‘* Beans Michigan na< v lb nags, per lb, 8&c; pinto, 8c; Hmas, 15%c; blackeyeJ, Bc. Beets—Cs pound bags, $1.75. Cauliflower-Crate, [email protected]>. Cabbage—Cwt., S7O; red, lb, 10c, Carrots —Basket, 40 lbs. $2. Celery-California, crate, 7 to 10 doz, $9; Michigan. $3.75. • iiccmnuta —Bag .if 800, $lO doz, $1.75. Cranberries—32-lb box, $3.2503.50; bbl, $9.50; Centennial, bbl. $10.50. Cucumber —Hothouse, Davis, doz, $3.50. Excelsior Dates Three dozeu pkgs, SO. < u. Figs—New, in boxes, 50 pkgs, 6-oz. 50c; 24 pkgs, S-oz, $3.25; 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. 45c. Grapefruit—Extra fancy. Kinridas, $4.25 @4.50; fancy Fioridas, $3.75@4. Grapes—Fancy iuii><>re,< .iimericas In kegs. 40 ibs net, $14016; Emeperors, keg, $. Honey—Comb, new. cases of 24 caps, $7.75; extracted, 60-lb tins. 22c-- South American, dark extracted, 16c tb. Lemons Californias, standard box, [email protected] Lettuce—Leaf, lb, 22c; Iceberg, crate, 4 doz, $4. Mangoes—Florida. 2 doz., basket, s*k\ Oranges California navel, bos, $4.50@ 5.25; Suukist, [email protected]; Florida. $4.5005. Nuts—Fift>erts, )b, 29@32e; English walnuts, 37@40c; chestnuts, 35c; pecans. 30c. 50c. 70c; Brazils, 28c; almond, 33@ 36c; shellback hickory. 10c. Onions—Red and yellow, cwt. $6.50; nsestern. $6.50; Spanish imported, 40 lb crate, $2L75; green, doz bunches, shotlots, 85c. Popcorn—Pound. 9c. Potatoes—Bakers fancy, cwt. $5.50; northern white. $5; Colorado Goins, $0.25. Rhubarb-Doz. bunches, 60c; Jumbo, sl. Rutabagas—Cwt, $2.50; 50 lbs, $1.35. Sage—Fancy, doz.. 50c. Spinach—Bu. $1.5001.65. Strawberries—Quart bov, 65c. Sweet Potatoes —Indiana Jersey, bu., $3.25; Kentuckys, $5 bbl., 150 lbs. Nancy Hall— Banket, 40 lbs., $2.50. baskets, $5.50.

ANOTHER DROP STRIKESSWINE Average Probably 30c Lower —Supply Largely Cleared. RANGE OF HOG PRICES. Good Good Good Mixed Heavy Lignt 150 lbs. 225 lbs. 130 to Jan. Up. Up. 210 tbs. 29 . $15.30@ 15.65 $16.00® 15.65 [email protected] 9. 15.30 @15.65 [email protected] [email protected] 30. [email protected] [email protected] [email protected] 81. 15.60 @16.00 15.26 @16.90 15.90@16 10 Feb. 2. 15.75 @16.00 16.75 @ 16.00 [email protected] .3 [email protected] 15.25® 15.65 [email protected] 4. 15.20© 15.50 [email protected] [email protected] There was anollier sinking spell in prices of hogs on the mid-week market and some of the lighter grades were 35c nearer the sls than they have been in a period of two weeks. The heaviest hogs were 25c or more lower an.l the general. average of the day was probably more than 30c lower thau that for the day before. There was a pinnacle sale of $15.70, and there were odd sales of selected light hogs at $15.65, but $15.50 was the schedule top price for the hogs averaging less than 210 pounds. The hogs weighing on up to 225 pounds were listed at. $15.40, those averaging up to 250 pounds at $15.30. heavier kinds up to 300 pounds at $15.20, and the heaviest hogs at sls. Pigs met with a poor demand and at sls down were fully 25c low. er. There was a loss of more than 25c in prices of sows from $13.50 down, but there were only a few sales higher than $13.25. There was a good clearance of the supply of 8,000 hogs and outsiders took nearly 3,000. CATTLE. if there was any change whatever In the cattle situation it was Interpreted as being a little more favorable to the selling side. This was not attributed lo any advance in prices, but there -seemed to he a freer outlet for the offerings than there has been for several days, and this was said to Indicate that buyers have abandoned their attack for the present. It appears that the demand Is not yet norma] and traders say that light receipts will suffice for at least a fen- days. This was also rejected in the fact that the run of onlj 900 cattle ou Wednesday was equal to all requirements. There is still a loss of, $1 or more in the list of prices as compared with those current at the beginning of last week. There was a fur ther loss of $1 in prices of veal calves that sold from $17.00®19, rarely higher than slß.so,and on the heavy calves from sjo down. There was a limited demand for feeding cattle at about steady prices. SHEEP. There were only 200 sheep and lambs arrived for the midweek market, but that was more tbpn could be sold except at a further decline of $1 on the lambs from $lB down. Sheep were steady, with few higher than SO, but tops at $lO. CATTLE. —Steers Prime cornfed steers, 1,300 lbs and up [email protected] 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 13.00fti14.00 Common to medium steers, 1.100 to 1,200 lbs 11.25® 12.25 Good to choice steers, 900 to 1,000 lbs 10.25® 11.25 Common to medium steers, 990 to 1,000 llis 8.50® 10.00 Good to choice yearlings... . 12.00® 14.00 Good to choice heifers 10.00® 13.00 Fair to medium heifers 8.50® 9*50 Common light heifers 74V®. 8.00 Good to choice cows 9.00® 11.50 Fair to medium cows 7.50® 8.50 Canners and cutters 5.00® 7.00 Bulls and Calves Good to prime export bulls... 9.50® 10.50 Good lo choice butcher bubs., 9.00® 10.00 Kolpgua bulls . 7,09® 8.00 Common to best veal calves.. 13.00® 19.01 Common to best heavy calves. [email protected] lock erg and Keepers Cattle Good to choice steers, sou lbs and up J0.50® 11.00 Common to fair steers. 800 lbs and up 9.00® 10.00 Good to eba.ee steers, under 800 lbs 10.00®11.00 Common to fair steers, under 800 lbs c.... B.oo® 9.50 Medium to good cows 0.25® 1.2.3 Medium to good heifers 7.00® 7.5/ Fair to best milkers 75.00®450.00 Stock calves, 250 to 450 lbs.. 7.00®10.00 HOGS. Good to best heavies. 250 lbs average up 15.00® 15.20 Good. 200 to 250 lbs average 15.30® 15.50 Med.tun and mixed, 150 lbs and upward [email protected] Good to choice* hogs, 150 to 210 lbs 15.50® 15.70 Common to good lights, down to 130 lbs 15.25® 15.50 Roughs and packers 12.00w13.50 Bulk of sows 13.00® 13.25 Best pigs, under 140 lbs 1t.75® 15.00 Light pigs 14.75 down Bulk of good hogs 15.20®15.50 SHEEP AND LAMBS. Good to choice sheep 9.00®, 10.00 Common to medium sheep... 5.00® 8.00 Good to choice yearlings [email protected] Common to medium yearlings [email protected] Good to choice lambs 18.00® 19.00 Common to medium iambs.. 14.00fqi17.00 Bucks, per 100 lbs 7.00@ 8.00

Other Live Stock CLEVELAND. 0.. Feb. 4.-Hogs—Re-ceipts. 4.(400; market, 10c lower; yorke 1 '*. §15.90; mixed. $1.3.40; medium. $15.40; pig.- $15.50: roughs. $13.50; stags, $10.50. t’attle- Receipts. 400; market. slow. Sheep and lambs —Receipts. 1.000; market. steady; top, $19.50. Calves —Receipts. 200; market. 50c lower; top. §19.50. PITTSBURG, Pa., Feb. 3.—Cattle— rte ceipts light; market steady; choice. $14.50 @ls; good, sl4fi| 14.50; fair. $10.50012: veal calves. $21021.50. Sheep and iambs Receipts light; market steady; prime wethers, $13.50014.50; good, $12013; fair mixed. $10011.50; spring lambs, sl3 020.50. Hogs—Receipts, 20 double decks; market lower; prime heavies. $15.75; mediums. $16.40016.50; heavy vorkers, $16016.25; pigs, $15.50016; roughs. $12014.25; stngs, slOOll. CHICAGO. Feb. 3.—Hogs—Receipts. 56,000; market, slow; weak to 15c lower; bulk of sales. $15015.30: butchers, $14.10 @15.15; packers. $13.85014.35; Ugiitsf, $14.75015.40; pigs, $14014.75: roughs. $13,50013.85. Cattle—Receipts, 18,000: market, mostly 25c lower; beeves. $9,150 17.15: butchers, $6.65013.25: canncrs and If You Are an Officer of a Corporation Make a note of these phone numbers: Main 6416; Automatic 23-144. Also note that by our system of special tax analysis and research, our investigations dealing with un usual or peculiar conditions incident to your particular business prior to the" present taxable year, w r o are qualified to determine the original conditions and thereby bring about very substantial results. Permit us to suggest that you consult with us at once, by appointment, without obligating yourself, that a more definite explanation may be made. Accurate knowledge of constantly changing tax laws, rules and regulations is necessary for the correct preparation of your returns. Arrange for Early Con? sultation CHAS. P. DONEY INCOME TAX SPECIALIST, Established 1917. 806 Hume-Mansur Building. Main 6416—Phones—23-144 Auto

INDIANA DAILY TIMES, WEDNESDAY, FEBRUARY 4, 1920.

cutters. [email protected]; stockers and feeders, $6.75@12; cows, [email protected]; calves, *17.50(5119. Sheep—Receipts. 19.000; market, lower; lambs, $14.50@20; ewes, $6.50 @l3. EAST ST. LOUIS, Feb. 3.—Cattle—Receipts, 6,500; market slow; native beef sters, [email protected]; yearlings beef sters and heifers. $10@12; cows, $10.50@11; stockers and feeders, [email protected]; calves, [email protected]; canners and cutters, $5.50 @7.50. Hogs—Receipts. 15,500; marker steady: mixed and butchers. $15.25@ 15.70; good heavies, [email protected]; rough heavies, [email protected];- light. [email protected]: pigs. [email protected]: bulk of sales, $15.25® 15.60. Shqep—Receipts, 1,300; market steady; ewes, $10@12; lambs. $20.75® 21.25; canners aDd cutters, $5.50@6. EAST BUFFALO, N. Y„ Feb. 3.—Cattle Receipts, 700; market, slow, 25c lower; prime steers, [email protected]; butcher grades, s9@l3; cows, [email protected]. Calves—Receipts, 800; market, active; $1 lower: culls to choice, [email protected]. Sheep and lambs—Receipts, 4,800; market, slow; lambs, 25c lower; yearlings, $1 lower: choice lambs, [email protected]; culls to fair, [email protected]; yearlings, $10@18; sheep, [email protected]. Hogs— Receipts, 7.200; market, slow; 15@25c lower; Yorkers, [email protected]; pigs, $15.25 @15.75; mixed, $16.10® 16.15; heavies, $15.75@16; roughs, [email protected]; roughs, $10.50@11. WHOLESALE PRODUCE. The following prices are paid for poultry by local dealers: Eggs—i Fresh, 50c doz. Poultry—Fowls. 30c: springs, 30c; cooks, 18c; old tom turkeys, 35c: young tom turkeys, 12 lbs and up, 40c; young tom turkeys, 2 lbs and up. 40c; youug hen turkeys, 8 lbs and up. 40c; cull thin turkeys not wanted; ducks. 4 lbs up. 27c; ducks, under 4 lbs. 23c; geese, 10 lbs up, 22e; gulenas, 2 lb size, per doz, $10: squabs, 11 lbs to doz, $6; capons, 7 lbs up, 38c. Butter—Clean packing stock, 37c lb; fresh creamery butter in prints is selling at wholesale at 63c; in tubs, 63c. Butter Fat—lndianapolis buyers are paying 63c lb. Cheese (wholesale selling prices) Brick, 37c lb; New York cream, 3§c; Wisconsin full cream, 36c; Longhorns, 37c; limburger, 38c. CHICAGO PRODUCE. CHICAGO, Feb. 3. -Butter-Receipts. 0.289 tubs; creamery, extra, 62c; extra firsts, 59%e; firsts, 56@00c: packing stock, 38@40c. Eggc— Receipts, to.ltl cases; current receipts. 50@51c; ordinary firsts, 42@48e; firsts, 52c; extras, r.*>@ 45c; checks, 37@38c; dirties. 41@43e. Chee s e—Twins, new, 29%@30c: daisies, 32®33c; young Americas, 32%c; longhorns, 33® 33%c ; brick, 2S%@-B%c. I-lvo poultry-Turkeys, 40c; chickens, 36c; springs, 35c; roosters, 23c; geese, 27c: ducks. 35c. Potatoes- Receipts, 61 cars: Minnesota, Dakotas and Ohios $4.35® 4.50. CLEVELAND PRODUCE. , CLEVELAND. Feb. 4. Produce: Butter—Urea me ry. in tubs, extras, 66%® 67c; extra firsts. 64%@G5c; firsts, 63%@ 64c: prints. 1c higher; seconds, 0O@61e; packing, 45c. Eggs Northern extras, 63cextra firsts, 62c; northern firsts, new cases. 61c; old cases. 56c; southern and western firsts, new cases, 62c; refrigerator extras, 55c. Poultry-Live fowls. t 35®33c; heavy grades, 36®38c; roosters, old. 21 @22c: springers, 29@30e; heavy grades, 34®35e; ducks. 36®38e; geesee, 25®33c; turkeys, 35@38c. LOCAL HIDE MARKET. Green Hides—No. 1,25 c; No. 2,24 c. Green Calves—No. 1,55 c; No. 2, 53%c. Horsehldcs No. 1. sl3; No. 2, sl2. Cured Iltdes—No. 1. 30c; No. 2. 29c.

\ % L „ —;£— C X , C >' The Indianapolis Auto Hotel Company will erect this modern fireproof building at the corner of Delaware and Wabash streets (old Empire Theater site). The company will operate the largest garage for automobiles and trucks, day and night storage, in the middle West. The character of service to be rendered the public by this company is something new and will surpass anything heretofore attempted in the garage branch of the rapidly growing automobile industry of Indianapolis. CAPITALIZATION Seven Per Cent Preferred Stock, Par SIOO.OO $600,000 Common Stock, Par $50.00 $300,000 Preferred stock, cumulative, preferred as to assets and dividends. Tax exempt in Indiana and free from Normal Federal Income Tax. Redeemable at any interest bearing date at $103.00 and accrued interest. OFFICERS AND DIRECTORS President, John M. Mendenhall. Director and Counsel, Marlin M. Hugg. Former County Commissioner Kealing and Hugg Vice President. John A. George. r President, Indianapolis Coal Company Sector, Edwin Carver. Treasurer, Thomas M. Vinnedge, Vice President Hurst and Company Director. H. A. Mansfield, Secretary, Lawrence 11. Bridges. President, Mansfield Engineering -Company Automobile Dealer Legal matters pertaining to our organization have been approved by Smith, Remster, Hornbrook & Smith and Kealing & Hugg. We offering the unsubscribed portion of the Preferred Stock at par SIOO.OO, and accrued interest. For further information address, Indianapolis Auto Hotel Company 202 Odd Fellow Building INDIANAPOLIS, INDIANA Bank references given.

GRAIN PRICES BREAK LOWER Uncertain Foreign Situation Causes Selling. i i CHICAGO, Feb. 4.—Prices were sharply lower on the Chicago Board of Trade today. Selling with few takers followed a report that Great Britain had stopped the importation of cotton because of the unprecedented drop In sterling exchange. Report of a longshoremen’s strike at Galveston added to the confusion. Traders took the cotton embargo to be the first step in a general stoppage of export grain. February corn opened lc down at $1.42, and dropped 2%c more later to $1.39%. March corn was 4c down on opening late at $1.36%, dropping %e thereafter. May corn opened %c down and later lost 2c, falling to $1.32. July corn opened %e dow nat $1.31, losing 2%c later. Oats opened weak, May off %c at 81%c, and Julv nominal. July opened late. l%i off at ?3%c, losing %c addition later. Mav dropped I%e from the opening to 80 %c. Provisions followed grain. May pork dropped $2 from the last close. Lard was oOc to 75c off and ribs were $1.50 off. CHICAGO GRAIN. —Feb. 3 CORN—Open. High. Low. Close. Feb. 1.43% 1.44% 1.43 143 * % May. 1.35% 1.36% 1.34% 1.34% *l% 1.35% L 34% July 1.32% 1.32% 1.31% 1.31% *l% 1.32% 131% OATS— May. S3 83% 82 82% *l% 83% S2 Julv 76 76 74% 74% *1 PORfC— May. 37.65 37.75 37.40 37.50 * .05 Julv 37.35 37.35 37.35 37.35 LARD— May. 22.50 22.65 22.30 22.45 * .25 July 22.95 23.10 22.65 22.77 • .35 RIBS— Mav. 20.00 20.05 19.85 19.90 • .20 July 20.40 20.42 20.20 20.30 * .10 •Decrease under yesterday’s close. CHICAGO CASH. CHICAGO, Feb. 3.—Wheat—No. 2 red, [email protected]; No, 3 red, $2.60; No. 3 hard winter, $2.52; No. 3 northern spring, $2.40. Corn—No. 3 mixed, $1,49; No. 4 mixed, [email protected]%; No. 3 white, $1.51; No. 4 white, $1.48%@1.49%; No. 3 yellow, $1.50%: No. 4 yellow, $1 40%@1.48%. i Oats—No. 2 white, Uo%< - : No. 3 white, 89@90c; No. 4 white, 88%@S0%c. TOLEDO GRAIN CLOSE. - TOLEDO, 0., Feb. 3.—Corn—No. 3 yellow, $1.59. Oats No. 2 white, 93%® 04%c. Rye—No. 2, $1.60. Barley—No. 2. $1.45. Cloverseed—Cash, $36.20; February, $35.75; March. $35.25: April, $34.80; October, $36.50 bid. Alsike—Cash, $30.20; March, $36.20. Timothy—Cash (1917 1918), $6.65; 1919 crop, $675; March, $0.87%; April, $6.85; May, $6.67%. PRIMARY MARKETS. —Feb. 3. (Thomson &. McKinon) —Receipts— Whnt. Porn Oats. 1 Chicago 30.000 269,000 117,000 Milwaukee.. 9.000 28.000 95.000 Minneapolis. 202.000 15.000 9,000 Duluth 6.000 1,000 St. Louis... 34.006 151.000 220.000 Toledo 7,000 9,000 16,000

Detroit 8,000 8.000 5,000 Kansas City. 182,000 41,000 31,000 Peoria 4.000 112.000 25,000 Omaha 58,000 127,000 62,000 Indianapolis. 9,000 134,000 6,000 Totals 549.000 895,000 586.000 Year ago.. 559.000 491,000 645,000 —Shipments— Wheat. Corn Oats. Chicago 159,000 204.000 111,000 Milwaukee.. 51,000 8,000 31,000 Minneapolis. 116.000 52,000 63,000 Duluth 10,000 3.000 St. Louis... 73,000 77,000 128,000 Toledo 1,000 1,000 Detroit 4,000 Kansas City. 107.000 18.000 24,000 Peoria 220.000 34,000 Omaha 55,000 94.000 32.000 Indianapolis. 4.000 17.000 14,000 T0ta15..... 4,000 17,000 14.000 Year ago.. 942,000 377,000 663,000 —Clearances— Domestic W. Corn. Oats. New York.. 40,000 Totals 40.000 Yeur ago.. 184.000 320,000 i INDIANAPOLIS CASH GRAIN. —Feb. 3 Corn—Steady; No. 3 white, $1.55® 1.55%; No. 4 white, st.sl%@! .55%; No. 4 yellow, [email protected]%: No 5 yellow, $1.47%; No. 3 mixed. $1.51; No. 4 mixed, $1.48%; No. 0 mixed, $1.42. Oats—Steady; No. 2 white, 91%@92%c; No. 3 white, 91®91%c. Hay—Firm; No. 1 timothy. $31.50®32; No. 2 timothy, $30.50@31; light cloTer mixed. $30.50@31; No. 1 clover mixed, [email protected]. —lnspections Wheat—No. 2 red, 2 cars; No. 3 red, 1 car; No. 4 red, 1 car; total, 4 cars. Corn—No. 3 white, 8 cars; No. 4 white, 23 cars; No. 5 white, 2 cars: No. 3 yellow, 5 cars; No. 4 yellow, 27 cars; No. 5 yellow, 8 cars; No. 4 mato maize, 1 car; No. 4 mixed, 4 cars; No. 5 mixed, 1 car; No. 6 mixed, 1 car; ear, 2 cars; total, 82 cars. Oats—No. 1 white, 5 cars; No. 2 white, 12 cars; No. 3 white, 2 cars; No. 2 mixed, 2 cars; total, 21 cars. Hay—No. 1 timothy, 1 car. WAGON MARKET. The following are the Indianapolis prices of hay and grain by the wagon load: Hay—Loose timothy, $33 @35 a ton; mixed. $30@33; clover, $30@33. Com— [email protected] bushel. Oats —90@92c bushel. Straw —Wheat, SS@O ton; oats, $14@15. Elmer Johnson Joins Securities Company F/imer Johnson, formerly of Monterey, Ind., has been appointed cashier of the Indianapolis Securities Company of which Frank K. Sawyer is president. Mr. Johnson has served a term in the Indiana legislature and has been an assis'ant bank examiner since 1918. Miss Freida Bohlinger has been appointed assistant secretary of the company. NEW YORK METALS. NEW YORK, Feb. 3.—Copper—Quiet; spote. offered, 19c; February, offered, 18%c; March, offered. 19%c; April, offered, 19%c. Lead- Firm: spot, February and March. [email protected]. Spelter— Weak; spot, February and March, offered. $8.95; April, May and June, offered, $8.90.

Today’s Market Gossip Kansas City wire: "Wheat, cash unchanged to 10c lower. Milo and maize 6c lower.” W'all Street Journal says'that banks look for still higher money, but see no cause for alarm. The decline in foreign exchange since last Saturday is equal to 12 cents a bushel In the cost of rye. New l'ork dispatch says that Danish government is negotiating with bankers in New York for loan of $15,000,000 to $20,000,000. Minneapolis wires; “Cash spriDg wheat s@loc lower; very dull demand for winter. Few sales at unchanged prices. Durum wheat steady. Corn firm to %c up. Barley steady with yesterday’s average sales. Oats firm. Rye unchanged.”

# TOURS AND CRUISES FOREIGN LANDS STEAMSHIP TICKETS The Fletcher American National Bank Fletcher American Cos., Agents. m . .■■■■■■=!■ . —"" ■j, nutu. 1 " ■ .... , ,ii lassanai CENTRAL STATES AGENOES Incorporated under the laws of the Stata of Indiana r inancial Brokers and Underwriters Market Price Paid for Liberty Bonds Phons S5? 127 £ Market St., Indianapolii Money to Loan on Mortgages STATE LIFE INSURANCE CO.

AMUSEMENTS. —CONTINUOUS—NOON—TILL—II P. M. ■ ■ REMEMBER Entire New Show Monday Jean LEIGHTON’S REVUE €2 “BIG" C3 FEATURES COMING MONDAY JUVENILE FOLLIES Art Aggregation of Bewitching, Captivating, Singing, Dane • ing, Prancing Doll Babies in Motion. Special Ladies' Bargain Matinee Every Mon.—Wed. —-Fri. | RIALTO i VAUDEVILLE-PICTURES HI 10A. M.—CONTINUOUS—I 2 P.M. I “NIGHT IN A HAREM” to PEOPLE —lO 6 BIG ACTS 6 • INCLUDING Madlaine Traverse What Would You Do? ENGLISH’S Today 13 BALANCE WEEK-MAT. SAT. THE WONDER SHOW OF THE UNIVERSE! tHURSTOfra I THE GREAT MAGICIAN ■ 1 UiUJ Prices —Nights, 25c to $1.50. Mats., 25c to SI.OO. NEXT MONDAY, TUESDAY, WED. Matinee Wednesday MAY IRWIN 1 I In the Rapid-Fire Laugh Comedy ON THE HIRING LINE Prices—Night, 50c to $2.00. Matinee. 50c to $1.50.

... As Continuous Vaudeville , KALALHUI HIWAIIAHS Un l til Four Harmony Kings, Jimmy Lyons, Degnont & Clifford, Grace De Winters, Clemenso & Gerson, Barney Williams 11 and company. Fox Comedy, “Roaring Lions and Tender *p -jyr Hearts." * Dancing in the Lyric Ball Room, Afternoon and Even ng.

Grains Off as Export Outlook Becomes Clouded.

CUT CURRENCY IN CIRCULATION British Treasury Has Reduced Paper Money. LONDON. Feb. 4.—lt was learned today that Chancellor of the Exchequer Austen Chamberlain at Tuesday’s discussion of the financial and economic situation recommended an international conference to discuss the unprecedented conditions in the exchange market. The British treasury has decreased the paper money in circulation 20,000,000 pounds sterling during the past six weeks as part of the policy of financial readjustment. Ten per cent of the currency in circulation is now backed by gold, it was stated. According to the present rate of exchange 20.000,000 pounds would he equivalent to $67,400,000 in American money.

AMUSEMENTS. r.BigMf nlfT8?l . .I m T In this biggest, show of the season we have two headliners of distinct merit, each dominated by a bevy of clever girls having all the attractive qualities of youth and beauty. William B. Freidlander’s Newest • Musical Farce, “KISS ME” With Ethel Corcoran and Harry Meyer. The title sounds funny, and when you see the chorus of young American beauties you'll agree the name Is right. Ralph Dunbar Presents His “Grenadier Girls” And Oh, How They Can Sing and Play f Holmes & LaVere "THEMSELVES.” Written by Thomas J. Gray. Our Favorite Comic, Eddie Borden Walter Weems Merry Southern Humorist. Ballot Trio An Innovation in Equilibristics. Harry iVf asters and Jack Craft In a Satire on the Song and Dance Man, Past, Present and Future. Kinogram News Meekly and Literary Digest Sayings. EVERY DAY AT 2:15 AND 8:15. SEATS ONE WEEK IN ADVANCE. Mats., 15-50 c; Eve., 15c-SI.OO. MuraT Today!?: ft MATS. TODAY and SATURDAY THE NEW YORK WINTER GARDEN SPECTACLE Monte Crlsto Jr. 18 Scenes—lso People I Prices—Night, st, $1.50, $2, $2.50. To- I day Mat., 50c, 75c, $L $1.50; Sat. Mat., I 75c, sl, $1.50, $2; Sat. Eve.. sl. s*, I $2-50. *3. I NEXT WEEK-SEATS TOMORROW | MATS. WEDNESDAY-SATURDAY | Bnora ri AY E O IN Ladies F"irst A JOYOUS MUSICAL COMEDY WITH THE NEW YORK CAST Prices—Eve., 50c, SI.OO, $1.50, $2; Wed. Mat., 50c. 75c, 81.00, $1.50; Sat. Mat., 50c, 75c. SI.OO. $1.50, $2.00; Sat. Eve., SI.OO. $1.50, $2.00, $2.50. CHAS. M. BAKER PRESENTS THE Sport Girls WITH HARRY S. LEVAN AND SAM BACHEN This coupon and ten cents entitles lady to reserved seat at any matinee during week.