Indianapolis Times, Volume 32, Number 233, Indianapolis, Marion County, 6 February 1920 — Page 16

16

Announcement of Call Money Rate Breaks Stocks.

TIGHT MONEY DROPS STOCKS Rate of 17 Per Cent Checks Rising Market. NEW YORK, Feb. 6.—Violent advances were made at the delayed opening of the stock market today, gains of from fractions to 7 poiDts being scored in the entire list. Steel common rose % to 100%, Crucible jumped 7 points to 216, Republic 2 points 107%, and Baldwin Locomotive 2% General Motors advanced 7 points to JR2 while Pierce Arrow was 3% higher American Woolen rose over 4 points to 137% and T rtemational Paper gained 2 points to 76%. . Mexican Petroleum led the o! s 51 ltn an advance of 4% to 154%. Pan-Ameri-can Petroleum rose 2% to 53, Texas Company 1% to 177% and Royal Dutca 1% to ioi%. , . . The railroad shares were also in demand, Southern Pacific advancing nearly 2 points to 96%. Reading advanced 1% to 72% and St. Louis & San Francisco common was 2% higher at 33% and Amerlean International rose over 1 I’Olnt to 100%. . . . , . After the buying movement had ended, the market turned heavy towards noon on an announcement of a call money renewal rate o f 17 per cent. _ Steel common fell to 101%. while Republic Steel yielded 1% to 106, and Baldwin Locomotive 1% to 109. Middle States Oil fell 6 points to 26, while the other oil issues fell 1 to 2 points from the e *The h rfns were generally firm Missouri Pacific advancing nearly 2 points to 41. American International yielded over 2 points to 98%, and Marine common fell 2 points to 32. The motor shares also dropped from 1 to 3 points .rom the opening levels. NEW YORK LIBERTY BONDS. NEW YORK. Feb. s.—Liberty bond quotations; First 3%5, 96 80; first 4s, 90.98; second 4s, 89.48; first 4%5. 91..0. second 4%5, 89.88; third 4%5, 92.96. fourth 4%5. 50.90; Victory 3%5, 9..80, Victory 4%5, 97.80. NEW YORK METALS. NEW YORK, Feb. B.—Copper—Qu let; spot and February offered at 19c; March and April offered at 19%e. Lead—Dull, spot, $8.70(38.87: February. [email protected].%, March sß.6f>(gß.Ss. Spelter—Dull; spot and February offered at B%e; March offered at $8.70; April, May and June, offered at $8.65.

MOTOR SECURITIES. (By Thomson & McKinnon.) ' J —Opening—- , Bid. Ask. Brieoe Chalmers com Packard pfd 96 9; Chevrolet Peerless • Continental Motors com .... 13 Continental Motors pfd .... 100 10* Hupp com 1* Reo Motor Car 26% 27 Elgin Motors J% 8 Grant Motors 9% 10 Ford of Canada 427 432 Hen dee Mfg 45 40 United Motors •■'O 55 Nrtional Motors 23 2.> Federal Truck TO 72 Paige Motors 43% £4% Republic Truck 50 5_ ACTIVE OIL STOCKS. (By Thomson A- McKinnon.) —Opening— Bid. Ask. Anglo-American Oil 24 25 Atlantic Refining 1420 1440 Bome-Scrymser 430 450 Buckeye Pipe Line 97 99 Chesebrough Mfg. Cons 230 250 Continental Oil. Colorado 510 525 Cosden Oil and Gas 8% 0 Crescent Pipe Line 33 35 Cumberland Pipe Line 120 122 ERk Basin Pete 9% 9% Eureka Pipe Line 148 15-Galena-Signal Oil, pfd 102 108 Galena-Signal Oil. com 80 83 Illinois Pipe Line 172 17a Indiana Pipe Line..... 98 100 Merritt Oil 20% 21 Midwest Oil „,1% „ ■ Midwest Refining 158 160 National Trnnslt 32 33 New York Transit 180 186 Northern Pipe Line ........ 102 105 Ohio Oil 335 345 Penn.-Mex 55 Prairie Oil and Gas 610 630 Prairie Pipe Line 240,. ®*o Sapulpa Refining —6% 6% Solar Refining 350 370 Southern Pipe Line 160 170 South Penn Oil 310 320 Southwest Penn Pipe Lines 97 100 Standard Oil Cos. of Cal. ... 305 310 Standard Oil Cos. of Ind. ... 690 710 Standard Oil Cos. of Kas. ... 010 630 Standard Oil Cos. of ICy. ... 400 420 Standard Oil Cos. of Neb. ••-500 525 Standard Oil Cos. of N. J. ... <-0 7-o Standard Oil Cos. of N. Y ... 408 412 Standard Oil Cos. of Ohio ... 5*5 **so Swan & Finch 100 110 Union Tank Line 110 115 Vacuum Oil 410 4-0 Washington Oil 30 40

Today’s Market Gossip Message from Omaha says that hogs are 60®75c lower with no sales. Government will withdraw $35,000,000 from banks today; $50,000,000 was withdrawn Wednesday and about $80,000,000 Monday. Minneapolis wires; Cash wheat weak. Looks like some poor stuff will sell at government price. Corn dull, lc lower. Good demand for oats. Barley and rye quiet, unchanged. ( Chicago wire says that the contemplated control of all eastern cars by the grain corporation has destroyed the demand in the spot market from shippers. Spot market is left to the industries, who, in turn, may withdraw If they are unable to ship the manufactured product. Under these conditions the spot market should lose all premium and drop to a delivery basis with the May. The premiums gone, the market will be dominated by the total size of the crop. WHOLESALE PRODUCE. The following prices axe paid for poultry by local dealers: Eggs—Fresh, 50c doz. Poultry—Fowls. 30c: springs, 30c; cocks, 18c; old tom turkeys, 35c: young tom turkeys, 12 lbs and up, 40c; young •tom turkeys, 2 lbs and up, 40c; young hen turkeys, 8 lbs and up, 40c; cull thin turkeys not wanted; ducas, 4 lbs up, 27c; ducks, under 4 lbs. 2Sc; geese, 10 lbs up, 22c; guienas, 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 Drlnts is selling at wholesale at 68c; In tubs, 62c. Batter Fat—lndlananolls buyers are paying 63c lb. Cheese (wholesale selling prices)— Brick, 37c lb; New York cream, 38c; Wisconsin full cream, 36c: Longhorns, 37c; limburger, 38c. CLEVELAND PRODUCE. CLEVELAND. Feb. 6. —Produce: But-ter-Creamery in tubs extra, 65@65%c; extra firsts, ©4®64Vkc; firsts, 63®63Mic; prists, le higher; seconds, 60@61c; peeking, 45c. Eggs —Northern extras, 61c; extra firms. 62c; northern firsts, new cases, 61*| Old cases, 57c; southern and western firsts, new cases, 62c; refrLgerator extras, 55c. Poultry —Live fowls, 30@S3c; heavy ■CMOS, 86® 36c; roosters, old, 21<®22c; gpricgers, 29®80c; heavy grades, s(@3sc; ducks, 86@a8c; geese, 25@33c ; turks, 85® 38c. CHICAGO PRODUCE. .CHICAGO, Feb. (L—Bitter—Creamery extras. creamery firsts, 5814 c; firsts, 55®50e; seconds, K>®s4c. Eggs— Ordinaries, 45®52e- firsts, 86®45c. E&zQVSH&

COMPLETE and ACCURATE MARKET REPORTS

PORK MARKET HOLDS STEADY Receipts of 7,000 Snapped Up at Local Yards. RANGE OF HOG PRICES. Good Good Good Mixed Heavy Lignt 150 lbs. 225 lbn. I*o to Jar. Up. *Jp. 225 lh--31.116.50ig-16.00 [email protected] [email protected] Feb. 2. 15.75 @ 16.00 15.76® 16.00 13.00016.10 3. 15.50 @15.85 15.26 @15.65 [email protected] 4. 15.20 @ 15.50 15.00 @ 15.49 [email protected] 5. 14.50@ 15.00 14.25 @ 14.80 [email protected] 6. 14.50015.00 14.25® 14.80 15.00@ 15.10 ■ There was no blowing of trumpets when there was no further decline in prices of hogs, because all traders seemed to believe the level was high with reference to other markets and due, probably entirely, to the inadequate receipts of 7,000 hogs. A lower market would not have been a surprise to many traders and still recent experience has shown that feeders are not inclined to sell much lower than the sls average, so it seems necessary to hold market prices more or less higher than that level to attract normal supplies of hogs. Extremely heavy hogs were again listed as low as $14.25 ami the lightest sort at sls, but there were comparatively fetv hogs so heavy they had to sell lower than $14.00, and there was a tiptop sale of $lo.lt). Throwouts sold strong, with pigs as high as $14.50 and odd sows as high as $13.25. Most of the thin weights sold sl4 down and sows below sl3. Local killers got only 5,000 bogs arjd there was a good clearance. % Cattle. The receipts of only 500 cattle, half as many as on Thursday, was a cue to sellers to try for higher prices and they were successful to some extent, but tue general business was not enough higher to justify a higher revision in the list of quotations. A more liberal classification of the offerings, according to quality and fat, represented the principal improvement in the market, but this is understood to mean that owners got more dollars than they did for the same kinds of cattle on the day before. There was a prompt clearance in all departments and more of the different kinds of killing cattle could have been sold at prevailing prices. Calves were somewhat higher so far as the general sales were concerned. There were more veals sold as high as $18.50 than on Thursday and there were fewer lower than $17.50. Heavy calves were also higher. There was no change indicated in the market for feeding cattle with respect to the demand or prices. Sheep. There was a stationary market for live mutton stock and this was clearly reflected in the sales of iambs up to sl9 with light sheep up to $lO. The ligut run of 200 was soon sold.

CATTLE. —Steers— Prime cornfed steers. 1.300 lbs and up $14.00<§(15.00 Good to choice steers, 1,300 lbs and up [email protected] Common to medium steers. 1,300 lbs and up 12.50<g13.00 Good to choice steers, 1,100 to 1,200 lbs 12.00(813.00 Common to medium steers, 1,00 to 1,200 lb [email protected] Good to choice sieers. 900 to 1,000 lbs lO.OOflfcll.OO Common to medium steers, 990 to 1,000 Ins 9.00^,10.00 Good to choice yearlings 11.004ei3.00 —Heifers and Cows — Good to choice heifers 10.00(3(13.50 Fair to medium heifers 8.509.50 Common light heifers 7.00(0, 8.00 Good to choice cows 9.00<3,11.*5 Fair to medium cows 7.50(£j 8.50 C'anners and cutters 5.00(Ja 7.00 —Bulls and Calves— Good to prime export oulls.. [email protected] Good to choice butcher bulls 9.00(g, 9.30 Bologna bulls 7.00(® 5.,00 Common to begt veal calves.. [email protected] Common to best heavy calves. [email protected] —Stockers and Feeders Cattle — Good to choice steers, fcOo 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 6.00® 9.50 Medium to good cows 6.25@ 7.26 Medium to good heifers 7.00@ 7.6* Fair to best milkers [email protected] Stock calves, 250 to 460 lbs.. [email protected] HOGS. Good to best heaTies, 250 lbs average up [email protected] Good, 200 to 250 lbs avers ge [email protected] Medium and mixed, 160 lbs and upward [email protected] Good to choice hogs, 150 to 210 lbs [email protected] Common to good lights, down to 130 lbs 14.50i5415 00 Roughs an dpackers [email protected] Bulk of sows 12.50' U 75 Best pigs, under 140 lbs [email protected] Light pigs 14.00 down Bulk of good hogs [email protected] SHEEP AND LAMBB. Good to choice sheep.. [email protected] Common to medium sheep... 5.00@ 8.00 Good to choice yearlings [email protected] Common to medium yearlings [email protected] Good to choice lambs [email protected] Common to medium iambs.. 14.00@1700 Bucks, per 100 lbs 7.00® 8.00

Other Live Stock CLEVELAND, Feb. 6.—Hogs—Receipts, 3,000; market slow ; yorkers, [email protected]; mixed, sls; medium, $14.50; pigs, sls; rough, $12.55; stags, $lO. Cattle—Receipts, 300; market slow. Sheep and lambs—Receipts. 1,000; market steady; top, $20.25. Calves—Receipts, 200; market stead; top, S2O. CHICAGO. Feb. s.—Hogs Receipts, 34,000; market, mostly 50®75c lower; bulks of sales, [email protected]; butchers, $13.75 <3)14.40; packers, $12.25®13; lights, $13.76 (<814.40; pigs, [email protected]; roughs, $12.75 @l3. Cattle —Receipts, 10,000; market, steady; calves 50c lower; beeves, $9.15(@ 17; butchers, $f1.66@13; canners and cutters, [email protected]; stockers and feeders, $6.75@11; cows. $6.65<@11.75; calves, $16.50 ®IS. Sheep—Receipts, 10,000; market, strong to higher; lambs, [email protected]; ewes, $10.25@18, PITTSBURG, Pa.. Feb. s.—Cattle—Receipt*, light; market, steady; choice, $14.50®15; good, $14®14.50 ; fair. $10450® 12; veal calves, $20®21. Sheep and lambs—Receipts, light; market, steady; prime weathers, $!3.50®14.50; good, sl2® 13; fair mixed, slo® 11.50; spring lambs, $12®20. Hogs—Receipts, twenty doubledecks; market, lower; prime heavies, sls: mediums, [email protected]; heavy yorkers, $15.65®15.75; light yorkers, $15.65®15.75; pigs, $15@15450; roughs, [email protected]; stags, s9® 10. EAST BUFFALO, N. Y., Feb. 5.--Cat-tle—Receipts, 425; market, slow and steady; prime steers, $14®15; butcher grades, $9®12.75; cows, s4@ 10.75. Calves —Receipts. 700; market, active, 50e lower; culls to choice, s6@2l. Sheep and lambs—Receipts, 2,000; market, active, lambs 30c higher, sheep. firm; choice lambs, $20.50®21; culls to fair, 14® 19.75; yearlings, sl6® 18.50; sheep, s6® 14.50. Hogs—Receipts, 3,200; market, slow, 50® 76c lower; yorkers, [email protected]; pigs, sls® 15.25; mixed, $15.50; heavies, $15.25® lo.bO; roughs, $12®13.50. EAST ST. LOUIS, 111., Feb. s.—Cattle —Receipts, 2,500; market, steady; native beef steers, $15.60®18.75; yearling beef steers and heifers, $10®12; cows, $9.75® 10; stockers and feeders, $10®10.75; calves, $18.75@19; canners and cutters, *[email protected]. Hoga—Receipts, 8,000; market, steady; mixed and butchers, $14.50® 15; good heavies, $14.50®14.80; rougn heavies, $12@14; light, $14.75®15; pi|s, $12®15; bulk of sales, $14.50®14.90. Sheep —Receipts, 800; market, strong; ewes, [email protected]; lambs, [email protected]; canners and cutters, $5.50®6.00. Local Bank Clearings Thursday $3,139,000 Same day last year $2,445,000 Increase over last year..., $ 694,000

Local Stock Exchange { STOCKS. Bid. Ask. Ind. Ry. & Light com 55 60 Ind. Ry. & Light pfd 90 96 ludpls. & Northwest, pfd 75 lndpls. & Southeast, pfd 75 Indpls. St. Ry 55 63 T. H., T. & Light pfd 79 T. EL, I. & B. com 2 ... T. H., I. & E. pfd 9% ... U. T. of Ind. com 1 U. T. of Ind. Ist pfd 4% ... U. T. of Ind. 2d pfd 8 Advance-Rumely Cos. com... 36 ... Advance-Rumel.v Cos. pfd 68 Am Central Life 235 Am. Creosoting Cos. pfd 97 Belt Railroad com 110 120 Beit Railroad- pfd 53% ... Century Bldg. Cos. pfd 99 Cities Service c0m.... 389 394 Cities Service pfd 70% 71% Citizens (las 36 Citizens Gas, prior to 1917.. 36% ... Dodge Mfg. Cos. pfd 98% ... Home Brewing 50 Indiana Hotel com.. 75 ... Indiana Hotel pfd 99 Ind. National Life 4% ... Ind. Title Guaranty 64 72 Indiana Pipe Line..., 97 Indpls. Abattoir pfd 49% ... ludpls. Gas 53 56 Indpls. Tel. Cos. com 4 8 indpls. Tel. Cos. pfd 73% 83% Law Building 110 IRincke Realty Cos. prd 95 Mer Pub Utl Cos pfd 45 85 National Motor Cos 24 25% Natl. Underwrn. Cos Public Savings 2% ... Uatib Fertilizer nfd 50 Standard Oil of Indiana 690 Sterling Fire Insurance S% 9% Stucz Motor Cos Van Camp Hdw. pfd 99 Van Camp Pack, pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal com 5 Vandalla Coal pfd 11% 14% Wabash Railway pfd 21 Wabash Railway, com 7 BONDS. Broad Ripple 5s 65 Citizens Street Ry 5s 82 80 Ind. Coke A Gas Cos 0s 96 W Ind. Creek Coal A Min 65... 9S Ind. Union Trac 5s Indpls., Col. & South 5s 88 Indpls. & Greenfield 5s 97 Indpls. & Martinsville 55.... 56 65 Indpls. A North. 5s 43 49 Indpls. A Northwestern 53... 55 65 Indpls. A Southeast 5s 40 50 Indpls., Shelby A S. E. 55... 64 Ind. St. Ry 4s 61 CS Indpls. Trae. A Ter. 5s 64 74 Kokomo, M. AM. 5s 53% 87 T. 11., I. A E. 5s Union Trac. of Ind. 6s 60 Citizens Gas 3s 84 87 Ind. Hotel Cos. 2d 6s 99 101 ludpls. Gas 5s 80 85 Ind. L. A H. 5s 81 86 Indpls. Water 5s 03 90 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 Dls 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 .'... lit ... Fletcher American Nat! 257 Fletcher Sav. & Trust C 0.... 167% ... Indiana National 282 292 Indiana Trust 206% 210% Live Stock Exchange 382 Merchants National 261 National City 115 121 People’s State ...... 170 ... Security Trust 113% .. State Savings A Trust 94 98 Union Trust Cos 306 Wash. Bank & Trust Cos. .... 131 LIBERTY BONDS. Liberty 3%s 96 60 97.00 Liberty first 4s 90.96 Liberty second 4s 89.60 Liberty first 4%s 91.20 91.39 Liberty second 4%s 89.92 90.20 l Liberty third 4%s 92.'.G 03. is ! Liberty fourth 4%s 89.90 '. O.IS Victory 3%s 97.80 95.00 Victory ’4%s 97.98 98.00

Weather in Other Cities Station. Bar. Temp. Weather. Atlanta Gs 30.02 34 Cloudy Amarillo, Tex 30.20 30 PtCldy Bismarck, N. D— 30.16 16 Cloudy Boston, .Mass 29.60 24 Ruin Chicago, 111 30.16 32 Cloudy Cincinnati, 0 30.14 28 Cloudy Cleveland, 0 30.10 24 Cloudy Denver, Colo 30.16 40 Cloudy Dodge City, Kas... 30.26 26 Clear Helena, Mont 30.26 40 PtCldy Jacksonville, Fla... 29.98 46 Cloudy Kansas City. Mo.. 30.22 34 Cloudy Louisville, Kv 30.13 30 Cloudv Little Rock, Ark. . 30 12 4*! Cloudy Los Angeles, Cal.. 30.12 62 Clear Mobile, Ala ;X.14 42 Clear New Orleans, La... 30.18 52 Clear New York. X. Y.... 29.52 58 Cloudy Norfolk, Vn 29.74 32 , Cloudy Oklahoma City .... .‘to 24 36 Cloud v Omaha, Neb 30.20 34 Cloudy Philadelphia, Pa. .. 29.60 32 Snow Pittsburg, Pa 30.00 24 Snow Portland. Ore 30.24 40 CloudyRapid City, 8. D.. 30.18 40 Cloudy Roaeburs, Ore 30.30 44 Cloudy San Antonio, Tex.. 30.22 52' Cloudy San Francisco. Cal. 30.26 46 Cloudy St. Louis, Mo 30.14 36 Clear St. Paul, Minn.... 30.18 30 Snow Tampa, FU 30.02 52 Cloudy Washington, D. C. 29.70 28 Snow Observation taken at 7 a. m., Feb. 6, 1920, by U. S. Weather Bureaus. WEATHER CONDITIONS. The eastern storm Is continuing Its movement slowly up the Atlantic const, accompanied by heavy rains or snows from Virginia to New England. Light precipitation also has fallen In the middle and upper Mississippi valley since Thursday morning. Except in comparatively small areas the changes In Jcmperature have not been decided east of the Rocky Mountains and the readings generally are now near or above the seasonal average In all districts. J. H. ARMINGTON, Meteorologist. RETAIL COAL PRICES. Prices on coal delivered at curb. Extra charge for service when additional labor Is required: 1 Indiana Linton, No. 4, lump $ 6.75 Indiana, No. 5, lump 6.73 Indiana egg and nut 6.75 Indiana mine run q.oo Indiana nut and slack 5.50 Brazil block s.OO West Virginia splint lump g. 50 Kentucky eastern'lump 8.50 Pocahontas shoveled lump 10.00 Pocahontas mine run g. 50 Pocahontas nut and slack 8.00 By-product coke, all sizes 11.25 Anthracite, all sizes 13.00 Blossburg, smithing 10 00 West Virginia Cannel lump 11.00 Illinois lump, Harrisburg 7.50 Hocking Valley lump 8,50 Coal and coke at yard, 50c per ton less. Kindling with coal, 15c a bundle; sep arate delivery, 10 bundles, $2. Charcoal, 20 lbs to bushel, wagon lots, 45c bushel; small lots. 50c bushel. —Extra Service Charges—--75c per ton dumped and wheeled! extra man. $1 per ton wheeled from wagon by driver. $1.23 bags per ton ground floor. $1.50 bags per ton carried into cellar. Foreign Exchange Picks Up Strength NEW YORK, Feb. 6.—Allied exchange which slumped in value badly In the last few days developed strength at the opening of the money market today and recovered rapidly. The British pound sterling opened a\ $3.34 an advance of 5 cents from the previous close, and then rose 5 cents mor* to $3.39, representing a Jump of 20 cents from the low it reached Wednesday. French francs were quoted at 14.32 per dollar, up 48 centimes, and Italian lire 18.32, up 40 centimes. The German marks, however, continued weak at .0106. Sterling was rteady at 3:3544- The market was In feverish state early. The rapid rise In arly trading was said to be due to higher rates cabled from London. Toward noon conditions were more settled. Franc checks were quoted at 14.52 and lire checks at 19.32. Marks moved up to .0116.

INDIANA DAILY TIMES, FRIDAY, FEBRUARY 6, 1920.

On Commission Row New cabbage Is on the market. This is a Florida product. Dealers priced it at [email protected] a hamper of thirty pounds. Boston head lettuce, from Florida point, received. Hamper of twenty-four heads quoted at $2. Leaf lettuce is 2c a pound lower at 18 cents in barrel lots and 20c a pound in less thiin barrel lots. Supplies are increasing dealers report. Dealers are having trouble with frozen potatoes received from northern points. Three cars are now in the local yards that have beeu refused. Lack of proper care and precaution at shipping point, dealers sav, is the cause. Price of potatoes holds steady at $0 hundredweight for the northerns and $5.50 to $6.25 for the western stock. TODAY’S PRICES. Apples—ln barrels: Extra fancy Red Jonathans, sl2; extra fancy Grimes Golden, $11; Baldwins, SS.SO; Greenings. $9; Hubbardson, $9@U; Jonathans. s9® 10.50; Home Beauties, [email protected] Kings, $9; Wine Saps, $10; Maine Northern. $10; Wealthy, $8; York Imperials, $9; Kinuaird Favorites, $8; Grimes Golden, No. 1 grade, $9. In boxes: Rome Beauties, 80s to 150s, $3.50; Grimes Golden, 96s to 1758, $3.50; Delicious, 80s to 150s, $4.50; Winter Bananas. 80s to 150s, $355: Yellow Ortley, 72s to 1635, $3.50 (03.75; Spitzenbeig, 80s to 150s. $3.50. Bananas —Pound, 7U-‘\ Beans Michigan na.v In bags, per lb, B%c; pinto, 8c; llmas, li>%c; blackeyed, Bc. Brets- 65 pound bags, $1.75. Cauliflower —Crate, $2.25®2d50. Cabbage—Cwt., S7O; reil, lb, 10c, Carrots—Basket, 40 lbs, $2. * Celery—California, crate, 7 to 10 doz, $9; Michigan, $3.75. •"oewnuts —Bag of 800, $lO doz, sl.is. Cranberries -32-lb box, $3.2503.50; bbl, $9.50; Centennial, bbl. $10.50. Cucumber —Hothouse, Davis, doz, $3.50. Excelsior Dates--Tbree dozen pkgs, $5.75. Figs—New. in boxes, 50 pkgs, 6-oz, 55c; 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. Florldas. $4.25 @4.50; fancy Florldas,* $3.73@4. drapes—Fancy imported Almericas in kegs. 40 lbs net, $14@16; Emeperors, keg. $9. Honey—Comb, new. cases of 24 caps, $7.75; extracted, 60 lb tins. 22ev South American, dark extracted, 16c ib. Letpons—Californias. standard box, [email protected]. Ijettuee—Leaf, lb, 20c; Iceberg, crate. 4 doz, $4. Mangoes—Florida, 2 doz., basket, 50c. Oranges-California navel, box, $4.50@ 5.25; Sunkist, $5.5006.25; Florida, $1.50@5. Nuts —Filberts, lb. 29@32c; Engl sh walnuts, 37 @ 40c; chestnuts, 35c; pecans. 30c, 50c. 70c; Brazils. 28c; almond. 33@ 36c; shellback hickory. 10c. Onions —Red and yellow, cwt. $6.30; western. $6.50; Spanish Imported, 40 lb crate, $2.73; green, doz bunches, shallots. 85c. Popcorn—Pound. 9c. Potatoes Bakers fancy, cwt, $5.50: northern white. $5; Colorado Gems, $0.25. Rhubarb- Doz. bunches, 60c; Jumbo, $1 Rutabagas—Cwt. $2.50; 50 lbs, $1.35. Sage—Fancy, doz . 50c. Spinach Bu. $1.50@1 65. Strawberries—Quart bov, 65c. Sweet Potatoes -Indiana Jersey, bu., $3.25; Kenturkys. 85 bM.. 150 lbs Nancy Hall Basket. 40 lbs., $2.50. Tomatoes—Crate, 6 baskets, $5.50.

Wholesale Meats smoked meats shown rail for discount of %c lb for order of 150 of one item; 250 lbs and over discount of %c lb. PORK. HA MSRegular. 14 to 16 lbs .34% Skinned, 12 to 14 lbs A5% Fancy boiled J9J6 BACON— Fancy breakfast, 5 to 7 lbs.. 48 Sugar cured, 14 to 16 1b5.... .31 Sugar cured squares .27 Fancy sliced, 1-Ib cartons... .56 PICNICS— Sugar cured. 5 to 7 lbs .25 SALT MJ^AT — Dry salt Jowl butts .19% LAltD—> Refined, tierce basis .25% Open kettle, tierce basis .26% FRESH FORK Spare ribs .22 Shoulder bones :. .09 Tenderloins J52@54 Dressed hogs .25 Light loins. 7 to 9 lbs .27% Extra light loins, 4 to 6 lbs.. .29% Fresh boneless butts .31 Boston butts ..I .25 Skinned shoulders .22% SAUSAGE— Breakfast, in 1-lb cartons.... .30 Standard, fresh bulk .19% Fraukfurts, hog casings .20% FRESH BEEF'S. The following prices are on first quality No. 1 government inspected meats only: Medium steers, 400 to 500 lbs. .17 No. 2 heifers .16 Native cows 15%@16% Medium cows .13% LOINS— No. 3 .20 niBS— No. 2 .37 No. 3 .20 'ROUNDS— No. 3 .20 No. 2 .22 CHUCKS— No. 3 .15 PLATES— No. 3 .12 VEAL CARCASSES— No. 1 quality 25(5® 28% No. 2 quality 16%@.19 WANT EXPORT FOOD BUREAU

Chicago Officials Ask That Section Be Formed. WASHINGTON, Feb. 6.—Several officials from Chicago appeared before the Joint agriculture committee of congress and asked that a special bureau be established in the department of agriculture to deal with the question of the exportation of foods and foodstuffs, it be represented that an embargo, such as that which existed with regard to wheat, would help the consumer by reducing prices. Members of thecommittee, however, who represent, farming districts objected to the word embargo, and told.the Chicago men that it spelled limitation of production, which surely would not help the consumer. POTATOES GO UP WHILE 4* CARS ARE HELD. Russell J. Poole, director of .the bureau of foods, markets and farm products of Chicago, laid the responsibility of scarcity and nigh costs to three causes—lack of competition, transportation and resales. He said that during this month potato prices in Chicago soared from $2.65 to $4.40 per bushel, while at the same time there was one line of fortyeight cars and another of forty-four filled with potatoes just outside the city limits. These were held while the price doubled. Several members of the committee declared that the serious trouble was lack of cars and inefficiency generally by the railroad administration. Representative Haughen of lowa said that it took from two to three days to ship live stock from his home town to Chicago, whereas formerly it took only thirty hours. WANTS EMBARGO ONLY ON SURPLUS. Mt. Poole said that he was not advocating a general embargo, but only on surplus. "All we want, he said, “Is a commission that will handle this export situation with a little judgment. The Dever law was all right as far as it went, but it didn’t define anything, and after the war we will be left without any federal protection.” Mr. Haughen, Mr. Kinqheioe and Representative Anderson of Michigan all indicated that they believed that the less federal legislation there was on such subjects the better off the country would be, and they were not in favor of establishing a federal commission to cut off exportations which would cut off demand.

GRAINS SLUMP OFF ATCLOSE Opening Is Higher, but Late Dealings Show Loss. CHICAGO. Feb. 6.—After an early rise of %©%c grain futures fell from %@ l%c on the Chicago Board of Trade today. v February corn opened late at $1.38, unchanged, later losing %c. March opened late %c off at $1.35%, subsequently dropping 1c additional. May opened %c up at $1.32%, later dropping l%c. July opened up %e at $1.25%, but lost lc before the close. The chief factor in the weakening of the corn market was the order issued by the food administration restricting purchases of corn by a large Chicago grain firm for several days, in an effort to stop alleged market Juggling. The administration ordered, also, that the firm return grain cars at once to the western grain belts, instead of reconsigning them to eastern customers, as has been the practice. Heavy selling by eastern shippers caused oats to drop after a strong opening. •day oats opened %c up at 78%c, later losing l%e. July oats opened %c up at 72%c, dropping Inc later. Provisions were lower. CHICAGO CASH. CHICAGO. Feb. 4.—Wheat—No. 2 red $2.61; No. 3 northern spring, $2.50. Corn No. 3 mixed, $1.44%; No. 4 mixed, $4.41 @1.42; No. 3 whfte, 81.46; No 4 white, $1.43; No. 2 veiiow, [email protected]: No. 4 yellow, $1.41%(&1.45. Oats—No. 2 white, 84%(S.:S>%e; No. 3 white, 84<&85%c; No. 4 white, 34%c. TOLEDO CLOSE. TOLEDO, Feb. 5. —Cura —Cash. No. 3 yellow. $1.55. Oats—No. 2 white, 90% @9l%c. R.ve -No. 2, $1.52. Barley—No. 2, $1.36. Alsike—March, $35.60. Cloverseed—Cash, 335.55; February, $35.15; March, $34.66; April, $34.10. Timothy—(l9l7 and 19161, cash, $6.60; (1919), cash, $6.70; March. $0,80: April, $0.77%; May, $6.67%. Hay—No. ] timothy. $36; No. 2 timothy $35. Butter- Brick, creamery, 66c. Eggs Selects, strictly fresh, CCc; fresh candled, 62c. CHICAGO GRAIN. —Feb. 5 CORN—Open. High. Low. Close. Feb. 1.37 1.38% 1.37 1.38 2 May. 1,31% 1.81% 1.30% 1.31% •!.% 1.31 1.31% July 1.28 1.29 1.27 1.28% *l% 1.27 1.28% OATS— May. 79 79% 78 78% *l% 75% July 72 72% 71% 71% 1 PORK— Mav. 34.60 35.35 34.50 35.20 *1.40 LA R D May. 21.20 21.60 21.10 21.47 t .07 Julv 21.70 22.10 21.65 21.97 f .05 21.25 RIBS— May. 18.45 is.B2 18.27 18.70 * .20 July 18.90 19.27 15.65 19.17 * .23 •Decrease, tincrease over yesterday’s close. PRIMARY MARKETS. (By Thomson A McKinnon.) —lte< elj.ta— Feb. 5. Wheat. Corn. Oats. Chicago 63,000 180,009 157.000 Minneapolis . 435,<)00 41,000 36,000 Duluth 7,')00 St. Louis 94 060 113.000 86.000 Toledo 7.000 3.000 4,000 Dttroit 3,:);)0 IQ,#OO 3.000 Kansas City.. 169 )00 68,000 36.000 Peoria 7,'V'O r.5,(00 36.000 Omaha 1.i.X10 99,000 30.000 Indianapolis 68.000 54,000 Totals 798,000 64J.000 442.000 Y'ear ago .. 523,000 473,000 486,000 —Shipments— Wheat. Corn. Oats. Chicago 173 000 170,000 224.000 Minneapolis... 116,000 25,000 27,000 Duluth 18.000 St. Louis .... 113,000 85.000 152.000 Toledo 4,000 Kansas City.. 167,000 18.000 26,000 Peoria 1,000 50.000 27,000 Omaha 56 000 78,000 42.000 Indianapolis 81,000 20,000 Totals 648.000 457.000 578.000 Year ago.. 264,000 481,000 657,000 —Clearances— Domes. W. Corn. New York 32 000 Baltimore 12,000 New Orleans 52,000 Totals 96,000 Year ago 498,000 94,(XX) INDIANAPOLIS CASH GRAIN. Feb. 5 Con—Easier; No. 3 white. [email protected]; No. 4 white, [email protected]%: No. 4 white, sl.4B;'No 3 yellow. $1.45%<gl 47; No. 4 lellow, $1.44%® 1.40; No. 5 yellow. $1.42 tii 1 43%; No. 1 mixed, $1.43. Oats -Easier; No. 2 white, Bs%@S9%c; No. 3 white. 88%c: No. 2 mixed. SB%e. Hay Firm: No l timothy. $31.50® 32; No. 2 timothy. $31.50@32; light clover mixed, $3150@32; No. 1 clover mixed. S3O @30.50. —lnspections Corn—No. 2 white. 13 cars; No. 3 white, 24 cars; No. 4 white. 2 cars; No. 3 yellow, 6 cars; No. 4 yellow, 21 cars; No. 5 yellow. 3 cars; No. 4 mixed, 3 cara; No. 5 mixed, 2 cars; ear, 1 car; total. 75 cars. Oats—No. 1 white. 6 cars; No. 2 w'hlte, 7 cars; No. 1 mixed, 1 car; No. 2 mixed, 3 cars; total, 27 cars. Hay—No. 1 light clover mixed, 1 car; No. 1 clover mixed, 1 ear; packing hay, 1 car; total, 3 cars. WAGON WHEAT PRICEB- - elevators and mills are paying $2.55 for No. 1 white, $2.52 for No. 2 and $2.49 for No. 3. All other grades, according to quality. Exchange Opening DelayedJlalf Hour NEW YORK. Feb. o.—The stock exchange opened as usual at 10 o’clock today, but was immediately closed to reopen at 10:30 owing to the traffic delay throughouta New York and vicinity. Sterling demand on the foreign exCTiange opened at $3.34, up 5 eents, and went to $3,40 in the first naif hour. The rapid recovery of sterling was reflected in the stock market when trading began on the exchange. When it became known that the British pound sterling had jumped 10 cents from yes terday’s close the whole list strengthened and first sales were made at rising prices.

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VETERAN TELLS OF BIG STEERS Old-Timer Says Standards of Feeding Have ChangedBack in 1856 the worries of the cattle men were nil. At any rate they took that way in comparison with the difficulties encountered during this day and age. The feeders let their cattle run in the pastures until 3 or 4 years old, gave them a'limited amount of corn and never had to ponder over the divers concentrates, pro and con, that are crowding the modern feeder's mind. J. T. Smith, veteran feeder, and for tbe past twenty years a breeder of pure-bred Hereford cattle, likes to reminiscence. He resides at Florence, Kas., where he and his sons are breeding good cattle, though he used to ship cattle to the Omaha and Chicago markets back in the 80s. “I well remember 100 bead of cattle that were raised and fattened in Champaign county, Illinois.’’ said Mr. Smith, "back in 1800 and 1856. They were said to be the best 100 bead of steers ever raised in the entire United States up to that time. TELLS OF TIME WHEN 1C WAS PRICE. “The average weight of those 4-year-old steers was 2,377 pounds, unbelievable Tn comparison with the present marketable animal. In March, 1856, the average market price was 7 cents. Twelve of the top cattle from tbe herd were selected and fed until the following February, when the averaged 2,786 pounds. They were sold on the 12th of the month at 8 cents a pound. The average gain per head from May 23, 1856, until Feb. 12, 1857. was 341 pounds, or an average daily gain of 1.31 pounds. “On Feb. 22, the twelve steers were appropriately decorated with colored ribbons, and preceded by a band of music, were led through the streets of Chicago, followed by 400 butchers, mounten ami uniformed. ’.After the procession the cattle were slaughtered for tbe city markets. Small packages of meat were sent to customers in various parts of the United States and even to Europe. The meat was sold for 50 certs a pound and even as high as $1 a pound. It was a grand event.” Mr. Smith took peculiar pleasure In comparing the methods of feeding of that early day in comparison with modern practices. In 1856-67 the steers were old and heavy, they were raised nnd fattened on grass and a limited amount of corn, were driven to the butcher shop, where the owner was perfectly contented with 6 or 7 cents a pound and the feeder had little worry over highly concentrated feeds, so important to the live stock in- ! dustry today. ( OTTONSEED WAS I N HEARD OK AS FEED. "As late as 1971 to 1875 great piles of | cottonseed were found around the cotton gins. Nobody ever thought of using it for feed. It was sometime* used as fertilizer, but the greater share of it ; was lost through decay.” In comparing feeding standards of 1920 and 1856. Mr. Smith cited experimental work that has beeu done to find the best combination of alfalfa, clover : corn, meals and silage. The pace of the industry has .quickened, according to this Kansas veteran. New methods and practices have crept in which maka the old-time methods look ridiculous as well as apparently unprofitable.

Housewives’ Market The following prices are the general prices charged at the city market obtained by striking an average of the prices charged at various stands: Apples, cnolce, per lb .....$ .05@10 Asparagus, bunch 10@15 Bananas, dozen 20@30 Beans, stringiess, lb .30 Beaus, navy, lb .11 Beans, lima, Ib .18 Beans, Colo, pintos, lb .10 Beets lb .10 Brussels sprouts, box .25 Carrots 2 lbs .15 Cabbage, lb .10 Cauliflower 25@35 Celery, bunch 10@15 Cranberries, ib *. .12% Cucumbers, hothouse, each... [email protected] Eggplant, each .25 Grapes, imported, lb .50 Grapefruit, each 07%@15 Lemons, per doz 25@30 Lettuce, leaf, per lb .25 Head lettuce, each ,10@20 Onions, lb O6@lo Onions. Bermudas, each 10@15 Onions, green, bunch .10 Parsnips, lb .10 Parsley, per bunch .05 Peas, shell, green, lb .25 Pineapples, each -30@40 Potatoes, peck .30 Pears, Anjuu, lb .25 Peppers, green, each .05 Potatoes, 4 lbs .25 Radishes, 3 bunches JO Phubarb, bunch JO Rice, lb .18 Rutabagas, each Jo@ls Spinach, lb .20 Strawberries, qt. box .85 Sweet potatoes, lb 06%@10 Turnips, 2 lbs .25 MEATS. Lamb chops, lb .50 Leg of lamb, per ib 40@45 Boiled bam, per lb .75 Bmoked ham, per lb 40@60 Round steak, per lb .35 Fresh beef tongue .30 Smoked beef tongue 40@45 Roast beef .25®30 Flank steak .30 Beef tenderloin A0 Pork chops AO Pork sausage .30 Pork tenderloin .60 Porterhouse steak ,40@45 Chuck steak AB@3o Boiling beef 18020 Bacon 40@60 Loin steak .35 Hams, whole .SO Lard, lb. .27% Lamb stew 15@25 Spareribs, lb .25 Shoulders, fresh beef .30 Shoulders, fresh pork .27 Beef liver .15 Veal chops 35®40 Veal steak .50 Calf liver Ao@3s PRODUCE. Hens, full dressed, lb .50 Frys, dressed, lb .55 Ducks, dressed, lb .50 Geese, full dressed, lb. .55 Rabbits, dressed, each..’.* 45@50 Eggs, fresh selects, doz [email protected] Eggs, storage, doz .57 Butter, creamery, lb [email protected] LOCAL HIDE MARKET. Green Hides—No. 1,25 c; No. 2,24 c. Green Calves—No. 1,55 c; No. 2, 53%c. Horsehides—No. 1, sl3; No. 2, sl2. Cured Hides—No. 1,30 c: No. 2. 29c.

PRICE SLUMP REACHES FOOD Wholesale Market Lower—Retail Should Reflect Drop. CHICAGO, Feb. 6.—Price comparisons, secured today by tlfe International News Service, indicate that the terrific slump in foreign exchange, with its corresponding effect on American exports. Is already effecting a considerable reduction in the price of foodstuffs. So far the drop has been most noticeable in the wholesale market, but according to the wholesalers the retail prices should soon show considerable decrease. The shutting off of exports has created a big surplus of meats, a prominent stockyards packer said today. Medium grade haras, which sold at whole on July 5 form 38 cents a pound, are now selling for 28%,” he said. "Beef selling at 18 cents a pound on July 5 has dropped as low as 14.78 cents, and medium pork loins have gone off about 3 cents a pound in the wholesale market, lard took a similar slump. “A corresponding de<-rc <0” the packer, “should obtain among the retailers. Unquestionably, these sbnin reductions are due to the shrinkage in foreign exchange which curtailed exports. If the low rate continues it may mean a complete stop of exports and then, of course, prices will go still lower. And the slum in exchange wmrks both ways—for the benefit of the Amerb'en consumer. 'While It is unprofitable for America to export goods it is extremely profitable to import things, for a few American dollars will go a long way to-w-ards paying for imported goods 'with foreign coin. For Instance the heavy slump in the

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First Mortgage Real Estate Six Percent Bonds Dated Dec. 1, 1919 Maturing Dec. 1, 1924 Denomination SSOO and SI,OOO Interest payable semi-annually, June 1 and Dec. 1. Fletcher Savings & Trust Cos., Trustee. This loan, aggregating $65,000, Is secured by apartment property located twelve blocks north of the Circle, In Indianapolis,' owned In fee simple, and conservatively appraised at $115,000. This property has a total annual rental of $16,470. We offer and recommend these bonds as a safe and conservative investment. Price Par and Interest, Yielding Six Per Cent, Fletcher American Company Capital $1,500,000. Main 4551 Automatic 345-841

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Grains Drop Following Higher Level at Opening.

wholesale price of Roquefort cheese warrants a reduction in the retail price (torn $3 to $1.50 a pound. Due to curtailment of exports cos densed milk had dropped today $1 on & case of forty-eight csds. AU other canned articles commonly exported are scheduled for redaction, wholesalers said. Ohio and Mich. Wool Growers Pool Clip Ohio sheep men will pool two and onehalf times as much wool this spring as they did last year, according to the outlook at the recent annual meeting at Columbus. Over 100 sheep raisers attended and renewed their arrangement with the Horkheimer company of Wheeling, W. Va., to handle the wool. Some will also be stored In tbe Columbus warehouse operated by the Ohio Fleece Wool Grow- 1 ers’ association. All agreed that more care should be taken in putting up the fleeces this spring to make a cleaner package. Every fleece is to be tagged with the owner’s name. R. W. Satterlees of Farmington, la., who attended the meeting, said the Ohio people have a go-getting organization. Most of the old officers were re-elected. Michigan sheep riagers organized to pool their fleeces at a recent meeting. Comfort Tyler of Detroit, secretary of the Hampshire Record, was made an acting officer in organization work. CANADA TO DENY CREDIT. The Canadian government has decided not to extend credit of $100,000,00 to Belgium, Roumania, Greece and France.