Indianapolis Times, Volume 32, Number 235, Indianapolis, Marion County, 9 February 1920 — Page 9

Stocks Sick to Lower Levels With Tone Heavy

STOCK MARKET HITS TOBOGGAN Opening Tone Is Weaker and Prices Slump Off. NEW YORK, Feb. 9.—Pressure was exerted against the stock market opening today and losses of from fractions to over 2 points were sustained. Steel common was again forced below par, selling at 90%, a loss of %. Republic Steel dropped over 1 poi it to 105; Crucible Steel, 1%, to 209%, and Baldwin Locomotive to 110%. Motor stocks were again in supply. General Motors after selling up 1 point to 266, dropped to 263 while Studebaker fell 1%, to 91%. Pierce Arrow fell 2 points to 57, and Chandler Motors 2%, to 129%. , Mexican Petroleum yielded 1%, to 176%- Middle States Oil, after selling above 28, dropped to 26, while Royal Dutch, after advancing 1 point to 100%, quickly lost this upturn. Marine common fell 2 points to 31%. International Paper 2 points to 75%: Goodrich 2 points to 71, and United States Rubber over 1 point to 103%. Fractional losses were sustained in the railroad issues. The market showed a heavy tone during the forenoon and weakness developed after the announcement of an opening call money rate of 14 per cent. Steel common sold off to 99% Bethlehem Steel B to 89% and Baldwin Locomotive to L/9%. Marine common yielded over 2 points to 30% and the preferred over 2 points lo 94%. .NEW YORK LIBERTY BONDS. NEW YORK. Feb. 7. —Liberty bond quotations: First 3%5, 97.00: first 4s, 90.90: second 4s. 90.10; first 4%5, 91.14: second 4%5, 99.25; third 4%g, 93.40; fourth 4%5, 90.30; Victory 3%5, 97.78; Victory 4%5, 97.86. NEW YORK BANK STATEMENT. NEW YORK, Feb. 7. —Averages— Loans, decreased, $21,966,000; demand deposits, increased, $27,921,000; time deposits, decreased. $6,620,000: reserve increased. $4,760,700. Actual —Loans, decreased. $63,019,000; demand deposits, increased, $8,707,000; time deposits, Increased,' $3,009,000; reserve, increased, $4,006,120. MOTOR SECURITIES. (By Thomson .& McKinnon.) ' —OpeningBid. Ask.. Briscoe 70 72 Chalmers com 3 5 Packard coni 24% 25% Packard pfd . 96 97 Chevrolet 350 500 Peerless 14 47 Continental Motors com 13 13% Continental Motors pfd 100 102 Hunp com 14 14’% I!oo Motor Car 20% 27 Elgin Motors 7% 8 Grant Motors 9% 10 Ford of Canada 427 432 Hendee Mfg 45 49 I'nlted Motors 58 65 National Motors 21 23 Federal Truck 70 72 Taige Motors 43% 44% Republic Truck 50 52 NEW YORK CURB MARKET. (By Thomson & McKinnon) ClosingBid. Ask. American Marconi 5 Vl Curtis Aero, com 5 ]0 Curtis ‘Aero, pfd 65 75 Sub Boat 13 ]4 First National Copper 1 % Goldfie.d < ’on 10 12 Havana Tobacco 1% 3 Havana Tobacco pfd 8 13 Cnrib 33 35 Jumbo Extension r, ? International Petroleum ... 57% 58% Nip'sstng 9% 10% Indian Packing Cos 14 15 Houston Oil 96 100 Royal Baking Powder 135 145 Royal Baking Powder pfd.. 94 97 Standard Motors 9 10 Asphalt • 97% 98% Salt Creek 48 56 Tonopah Extension 2% % ! Tonopah Mining 2% % United I’. S. new ‘2 % V. S. Light and Heat 3% 3% U. S. Light and Heat pfd.. 3% 4% Wright-Mnttin 5 % World Film % % Yukon Gold Mine Cos 1 % .Terom e •• • • : % % New Cornelia 21 22 United Verde 40 42 Tex. Chief 38 40 Sou Trans 7 % Sequoyah % % Omar 5% 6 Republic Tire 4% 5 / ACTIVE OIL STOCKS. -Feb. 7 (By Thomson & McKinnon.) Opening Bid. Ask. Anglo-American Oil 23% 24% Atlantic Refining 1360 ‘ 1400 Bornc-Scryinser 430 4,"n Buckeye Pipe Line 95 97 Cnesehrough Mfg. Cons 230 25<i ; Continental Oil, Colorado.... 500 523 1 Cosden Oil ami Gas 7% 8 ! Crescent. Pipe Line 33 34 Cumberland Pipe Line 120 122 Elk Basin Pete S% 9% Eureka Pipe Lino 148 152 Galena-Signal Oil, prof 102 108 Galena-Signal oil. com 78 81 ! Illinois Pipe Line 105 168 Indiana Pipe Line 95 99 Merritt Oil 1,8% 191; - Midwest nil Midwest Rfg 153 155 ! National Transit 30 32 New York Transit ISO 186 Northern Pipe Line 100 105 Ohio Oil 310 335 Penn.-Mex , 54 50 Prairie Oil and Gas 590 610 Prairie Pipe Line 225 235 Sapulpa Itefg 0% 6% Solar Refining 250 370 Southern Pipe Line 105 170 South Penn. Oil 990 310 Southwest Penn. Pipe Lines. 97 99 Standard Oil. Cos. of Cal 300 305 Standard Oil Cos. of Tnd.\... 6,80 700 Standard Oil Cos. of Kan 590 610 Standard Oil Cos. of Kv 380 400 Standard Oil Cos. of Neb 490 510 Standard Oil Cos. of N. .T 700 705 Standard Oil Cos. of N. Y 400 405 Standard Oil Cos. of Ohio 500 525 Swan & Finch (00 105 Union Tank Line ios 110 Vacuum oil 380 400 Washington Oil 30 40

Today’s Market Gossip

New York wire says: "There is some difference of opinion as to the extent of decline in exports, but it is generally conceded that more ocean tonnage is to be bad, which, in itself, indicates"a shrinkage in exports. Then wo have a severe car shortage here and this is tending to reduce business. Steel mills are beginning to feel the effect. When a weak market comes we think only of the declines registered in speculative issues but everything suffers. The four leading trust company stocks of New York are off 20 points for the week.” Thomson & McKinnon stock letter by wire from New York, says that there can be no doubt but that the general position of the market has been greatly improved and the strain relieved by the extensive liquidation this week. ‘That loans have been materially reduced seems to be a foregone conclusion. For tnn, reason it was only natural to expect a little more stability today. It is true there was more or less irregularity during the short session, but the general undertone was better and prices, as a rule, showed up better, but we are more concerned with what is to come than what is past. The question is will the reserve board dtbe bankers of the country relax or will the policy adopted remain in full force. If there is to be no change in the rediscount situation there can be no doubt that al business wll have to pass through the process ot contraction and the stock market will be deprived of he Incentive that is necessary to bring about an Important upward movement. It, therefore, seems to us that ut the moment it is still advisable to pursue of course of conservatism and awaitdevelopments. WAGON WHEAT PRICES. Indianapolis elevators and mills axe paying $2.40 for No. 1 white, $2.37 for No. 2 and $2.34 for No. 3. All other grades According to eupply.

COMPLETE and ACCURATE MARKET REPORTS

Local Stock Exchange STOCKS. Bid. Ask. Ind. Ry. & Light com 55 60 Ind. Ry. & Light pfd 90 96 Indpls. & Northwest, pfd 75 Indpls. & Southeast, pfd 73 Indpls. St. Itv 65 T. H., T. & Light pfd 79 T. H., I. & E. 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 2 Advance-Rumely Cos. com... 37% ... Advance-Rumelv Cos. pfd.... 67 Am Central Life 235 Am. Crensothig Cos. pfd 97 Belt Railroad com 11l 121 Belt Railroad pfd 53% ... Century Bldg. Cos. pfd 99 Cities Service com 389 394 Cities Service pfd 70% 71% Citizens Gas 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. Titale Guaranty 67 72 Indiana Pipe Line 93 Indpls. Abattoir pfd 49% ••• Indpls, Gas 53 66 Indpls. Tel. Cos. com 4 8 Indpls. Tel Cos. pfd 73 83 Law Building 110 LemcKe Realty Cos. prd 95 Mer Pub Utl Cos pfd *5 65 National Motor Cos 21 25 Natl. Underwrit. Cos Public Savings 2% ... ttauh Fertilizer pfd 5G Standard Oil of Indiana.... 680 ... Sterling Fire Insurance 8% 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 Yandslia Coal cem 5 Vandnlia Coal nfd 11% 14% Wabash Railway pfd 20 Wabash Railway, com 7 BONDS. Broad Ripple 5s 55 .. ' Citizens Street Ry 5s 82 86 Ind. Coke & Gas Cos 6s 96 99 Ind. Creek Coal A- Min 65... 98 Ind. Union Trac 5s Indpls., Col. & South 5s 88 ... Indpls. & Greenfield 5 97 Indpls. & Martinsville 55.... 56 65 Indpls. & North. 5s 43 Indpls. & Northwestern 55... 55 65 Indpls. & Southeast 5s 40 50 Indpls., Shelby & S. E. 55... 64 Ind. St. Ry 4s 61 68 indpls. Trac. & Ter. 5s 64 74 Kokomo. M. &M. 5s 53% 87 T. H., I. & E. 5s Union Trac. of ind. Cs 60 Citizens Gas 5s 83% 87 Ind, Hotel Cos. 2d 6s 98 101 Indpls. Gas 5s 80 85 Ind. L. & H. 5s 81 86 Indpls. Water 5s 93 96 Indpls. Water 4%s 74 79 Merchants H. & L. ref 55.. 89 94 New Tel Ist 6s 93 New Tel 2d 5s 98 New Tel Long Dls 5s 91 South Ind Power Cs 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 114 Fletcher American ,'Natl 257 Fletcher Sav. & Trust C 0.... 167% ... Indiana National 283 293 Indiana Trust 206% 216% Live Stock Exchange 382 Merchants National 261 National City 115 121 People’s State 170 ... Security Trust 115 State Savings & Trust 93% 98 Union Trust Cos 306 Wash. Bank & Trust Cos 131 LIBERTY BONDS. Liberty 3%s 96.96 97.50 Liberty first 4s 90.99 .... Liberty second 4s 90.10 .... Liberty first 4%s 91.14 91.58 Liberty second 4%s 90.28 .... Liberty third 4%s 93.32 93.62 Liberty fourth 4%s 90.36 90.60 Victory 3%s 97.86 97.96 Victory 4%s 97.86 97.9< SALES. SSOO Liberty fourth 4%s 90.36 Local Bank Clearings Saturday $2,482,000 Same day last year 1,776,000 Increase over last year $ 706,000 Clearings for weelp. $17,509,000 Same week last year 11,910,000 Increase over last year $ 5,659,000

COTTON MARKET HOLDS FIRMER Foreign Exchange Situation Still Rules Trading. NEW YORK, Feb. 9.—The cotton market opened a little firmer Saturday at an advance of about 12 points, due to moderate buying by Liverpool and some week-end covering. Temperament remained bearish, however, because of the foreign exchange situation and a lessened demand for the spot article in the south and fine weather throughout the belt. At the end of the first twenty minutes the market was quiet and 2 to 3 points net lower. The market held very steady on a good trade late today. Liverpool was a buyer near the close. The final tone was firm with prices 22 to 36 points higher. Who Got the Liquor? PITTSBURG, Feb. o.—Prominent ministers, educators and several noted prohibitionists learned today that their names appear on physicians’ prescription blanks as purchasers of red “likker” from drug stores here. Whether the owners of the names really obtained the liquor or their names were used by unscrupulous physicians federal authorities are not yet prepared to say. One minister whose name appeared on three different prescriptions Investigated the matter and announced that the names on the doctor’s permits undoubtedly had been taken “as they came” from the directory or from the telephone book. MOTOR SECURITIES. (By Thomson &. McKinnon) —Opening—- „ . Bid. Ask. Briscoe 70 7 o Chalmers com :j 5 Packard com .... 2VA 25% Packard pfd 96 U 7 Chevrolet 350 500 Peerless 4 4 ■ 47 Continental Motors com 13 1/, Continental Motors pfd 101 102 Hupp com 14 x u Hupp pfd 09 102 Reo Motor Car t;6% 27 Elgin Motors 7% g Grant Motors 914 10 Ford of Canada 427 ' 432 Hendee Mfg 45 49 United Motors 50 <ls National Motors 22 25 Federal Truck 70 70 Paige Motors 43% 44% Republic Truck 50 52 " CHICAGO PRODUCE. CHICAGO, Feb. 9.—Butter—Receipts. 5.060 tubs; creamery extras, 59c; firsts, 54058 c; packing stocks, 32@37c. Eggs— Receipts, 852 cases: firsts. 50c; checks, 35037 e: dWles, ’40042c. Cheese —Twins, new, 29%@30e; daisies. 32@33c; young Americas 32 JAc; longhorns, 33@33%c; brick, 28%@28%c. Live poultry—Turkeys, 40c; chickens, 34c; springs, 31c; roosters, 23c; geese, 27c; ducks, 35c. PotatoesReceipts, 47 cars; Minnesota, Dakota and Ohio, $4.2504.35 Potatoes are inclined to be weaker, dealers say. Market still holds at $5 hundredweight for the northerns, but slight drop is looked for. - j

MARION COUNTY CORN THAT TOOK 5 BLUE RIBBONS

Frank B. Dawson, a Marion county fanner, showing the corn with which he captured the Johnson county corn king title. The lower picture presents the best ten ears in the Greenwood show, while the upper insert is the blue ribbon single perfect ear.

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, choice, per ID $ .06® 19 Asparagus, bunch 10® 15 Bananas, dozen 20@30 Beans, stringless, lb .30 Bean-', navy, lb .11 Beans, lima, ib .18 Beans, Colo, pintos, lb .!*> Beets, lb .10 Brussels sprouts, box .25 Carrots, 2 IBs .15 Cabbage, lb .10 Cauliflower 25 @55 Celery, bunch 10@15 Cranberries, lb .12% Cucumbers, hothouse, each 35@40 Eggplant, each .35 Grapes, imported, lb .50 Grapefruit, each 07%@10 Lemons, per doz 25® 50 Lettuce, leaf, per lb .25 Head lettuce, each 10@20 Onions, lb 06® 10 Onions, Bermuda, 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 .80 Pears, Anjua, ih .25 Peppers, green, each Al Potatoes, 4 lbs .25 Radishes, 3 bunches JO Rhubarb, bunch .10 Rice, lb .18 Rutabagas, each 10@15 Spinach, lb .20 Strawberries, ql. box OC%@lO Turnips, 2 lbs .23 MEATS. The following prices are on first quality No. 1 government inspected meats only: Latnb chops, ib .o 0 Leg of lamb, per lb 40@45 Boiled ham, per lb .73 Smoked ham, per lb 40@50 Round steak, per lb .35 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 .00 Porterhouse steak 40@45 Chuck steak 28®30 Boiling beef 18@20 Bacon 4(Ku;t!o Loin steak J’>s Hams, whole .30 Lard, II) .27% Lamb stew 15@25 Spareribs, lb .25 Shoulders, fresh beef .30 Shoulders, fresh pork .27 Beef liver .15 Veal chops J55@40 Veal steak .50 Calf liver 30@35 PRODUCE. Hens, full dressed, Id .50 Frys, dressed, lb ,55 Ducks, dressed, lb .50 Geese, full dressed, lb .55 Rabbits, dressed, each 45@50 Eggs, fresit selects, doz 05@;66 Eggs, storage, doz .53 Butter, creamery, lb 60@09

Weather in Other Cities Station. Bar. Temp. Weatu. Atlanta, Ga 36.28 38 Clear Amarillo, Tex 30.18 34 Rain Bismarck, N. D 30.12 18 Clear Boston, Mass 30.10 26 Cloudy Chicago, 111 30.02 36 Rain Cincinnati, 0 30.20 32 Cloudy Clevelund. 0 30.22 28 Cloudy Denver, Col 30 32 24 Snow Dodge City, Kas.. 30.24 32 Cloudy Helena, Mont 30.42 1 1 Clear Jacksonville, Fla. . 30.28 46 Clear Kansas City. Mo.. 30,10 38 Cloudy Louisville. Ky. ... 30.24 34 Cloudy Little Rock, Ark.. 30.08 52 Cloudy Los Angeles, Cal. . 29.88 56 Rain Mobile. Ala 30.20 50 I'tCldy New Orleans La... 30.2-1 52 PtCldy New York, N. V 3.0.18 24 Clear Norfolk, Va 30.28 30 Clear Oklahoma City .... 30.12 10 Cloudy Omaha, Neb 30.14 34 Cloudy Philadelphia, I’n... 30.26 30 PtCUlv Pittsburg, Pa 30.26 30 PtCldy -Portland. Ore 30.36 36 Clear Rapid City, S. D.. 30.30 22 Clear Itoseburg, Ore. ... 30.28 28 Cloudy San Antonio, Tex. 30.08 58 Rain Sail Francisco, Cal. 29.88 50 Clear St. Louis, Mo 30.04 42 Rain St. Paul, Minn 29.96 30 Cloudy Tampa, Fla 30.28 44 . Clear Washington, I). C. 30.28 32 Cloudy Observations taken at; 7 a. m. h eb. J, bv United States weather bureaus. WEATHER CONDITIONS. The disturbance In the far northwest Saturday morning moved eastward during Sunday, accompanied by light precipitation in parts of the north-central states, and now extends as a depression trough from Lake Superior southward to Tex. Some precipitation also occurred from the South Pacific to the middle Rockies. Temperatures are higher from the gulf to the middle Mississippi river states, but lower again over (he entire northwest, due to a- field of high pressure now Crossing the northern Rockies. The readings In that region, however, as a rule continue somewhat above the seasonal average. J. H. ARMINGTON, Meteorologist. CLEVELAND PRODUCE. CLEVELAND, Feb. 9—Butter—Creamery in tube, extras, 65%@66c; extra firsts, 61064%c; firsts, 63%064c; prints, lc higher; seconds, 61@82c; packing, 45c. Eggs—Northern extras, 61c; extra firsts, 00c; northern firsts, new cases, 59c; old cases, 57c; southern and western firsts, new' cases, 56@5Sc; refrigerator extras, 49@50c. Poultrv —Live fowls, heavy grades. 36046 c; roosteis. old. 220 23c; springers, 34036 c; heavy grades, 34 @3sc; ducks, 36038 c; geese, 25@33c; turkeys, 35@38c.

INDIANA DAILY TIMES, MONDAY, FEBRUARY 9, 1920.

LIGHT DEMAND LOWERS GRAINS Exporters Dump Purchases and Corn and Oats Drop. CHICAGO, Feb. 9.—Continued unloading bv export purchasers and little buying demand brought grain futures to a new low level on the Chicago Board Os Trade today. February codn opened late 2c down at $1.82%, later losing 2%c additional. Mftruh eorn was off Ho at the opening of $1.28%, subsequently losing 3%c more. July corn was off 2%c at the opening. $1.23*4, 'ter losing l%c additional. Mav oits opened off %o at 75c, later iosinir another l%c. July oats opened %e off at 6Sc, dropping l%c additional later. Provisions were lower. CHICAGO CASH GRAIN. CHICAGO, Feb. 7.—Wheat- No. 1 red, $2.50; No. 1 northern spring, dark, $2.75 ©12.83; No. 2 northern spring, dark, $2.65 312.75. Corn—No 2 mixed. $1.40; No. 3 veilotv, $1.40%: No 4 mixed. $1.3501.86%; No 4 white. $1.37; No. yellow, $1.35©) 138 Oats—No 2 white, 84@84%e; No. 3 white, 82%@88%e; No. 4 white, 82%c. TOLEDO GRAIN. TOLEDO, Feb. 7.—Corn—No. 3 yellow. $1 52. ORts —No. 2 white, 87@88c. Rye— No. 2. $1.50. Barley No. 2. $1.83. Als!ke~ Slaroh, $35.75. Cloverseed—Cash, $35.55; February, $35.25; March, $34.80; April, $34.15. Timothy—(l9l7) cash, $6.55; (19181 cash. $6.55; ' (1919) cash. $6.65; March, $6.70; April, $6.70: May, $6.60. Hay No. 1 timothy, S3B; No. 2 timothy, $35. Butter —Brick creamery, 66c. Eggs —Selects, strlctiy fresh, C6c; gresh candied, 62c. _______ CHICAGO GRAIN. —Feb. 7 CORN—Open. High. Low. Close. Feb. 1.37% 1.31 % 1.34% 1.34% *3% May. 1.31 1.31% 1.29% 1.29 *l% July 1.27% 1.27% 1.25% 1.25% *l% OATS— May. 77% 77% 75% 75% *l% July 70% 70% 67% 68% *l% PORK— Mav. 34.70 34.80 34.45 34.50 • .20 .Tui v 34.70 34.70 34.30 34.30 * .60 LARD— Mav. 21.56 21.50 21.35 21.35 • .05 .TillV 22.00 22.00 21.82 21.82 * .03 RIBS— May. 18.70 18.70 18.35 18.37 * .13 July 18.95 18.05 18.90 18.90 * .07 •Decrease under yesterday’s close. PRIMARY MARKETS. (By Thomson & McKinnon.) —Receipts— Wheat. Corn. Oafs. Chicago 91.000 308,000 249.000 MUfcmnke .... 19.000 51,000 44,000 Milwaukee ... 19.000 51,000 44,000 Duluth 1.000 St. Louis .... 53.000 145.000 128,000 Toledo 6,000 1,000 14.000 Detroit 5.000 5.000 Kansas Citv.. 163,004) 46.000 14,000 Peoria 8.000 247.0;*> 54,000 Omaha 38,000 104 000 50,000 Indianapolis... 9,000 104,000 52,000 Totals 710,000 1,054,000 644,000 Year ago... 404,000 559,000 507,000 —Shipments- - Wheat. Corn. Oats. Chicago 74,000 116,000 91.000 Milwaukee ... 29.000 30,009 48,000 Minneapolis... 157.000 40,000 53.000 Duluth 22,000 8,000 St. Louis 85.000 95,000 136.000 Toledo 5,000 7.000 Kansas City.. 188,000 23,000 26,000 Peoria 7.000 80,000 50,000 Omaha 35,000 74.000 26,000 Indianapolis 46,000 4,000 Totals 612,000 504,000 449J)00 Year_ago... 252,000 398,000 801,000 —Clearances— Domes. W. Oats. Baltimore .. 150,000 69,000 Totnls 150.000 69,000 Year ago 194.000 14,000 INDIANAPOLIS CASH GRAIN. —Feb. 7 Corn—Weak; No. 4 white, $1.43%@ 1.46; No. 3 yellow, $1.4401.44%; No. 4 yellow, $1.41; No. 5 yellow, $1.39%; No. 4 mixed, $1.41 Oats—Weak; No. 2 white, 87%@88%C; No. 3 white, 87%c. Hay—Firm; No. 1 timothy, $31.00(6532; No. 2 timothy, s3o.so@Si; ngnt clover mixed, $30.50031; No. 1 clover mixed, [email protected]. —lnspections Wheat—No. 2 red, 2 cars; No. 3 red, 2 cars; total, 4 cars. Corn—No. 2 white, 1 car; No. 3 white, 3 cars; No. 4 white, 16 ears; No. 5 white, 3 cars: No. 3 yellow, 3 cars; No. 4 yellow, 14 cars; No. 0 yellow. 3 cars; No. 3 mixed, 1 car; No. 4 mixed, 4 cars; No. 5 mixed, 3 cars; ear, 3 cars; total, 54 cars. Oats—No. 1 white, 18 cars; No. 2 white, 11 cars; No. 3 white, 3 cars; total, 22 cars. Hay—No. 2 timothy, 1 car. Straw—No. 1 wheat, 4 cars. COMPARATIVE STATEMENT. —Output of Flour — Feb. 7. J 920 10,945 barrels Jan. 31, 1920 16,769 barrels Feb. 8, 1919 4,505 barrels Feb. 9, 1918... 2,417 barrels —lnspections for Week—--—Bushels Wheat 18.000 9,000 Corn 598,000 178,000 Oats 310.000 58,000 —Stock In Store— Date. Wheat. Corn. Oats. Rye. Feb. 7, 1920. . 467,630 274.980 81,010 - 9,454

Feb. 8, 1919.. 273.950 541,750 268.620 10.700 Feb. 9, 1918.. 29,580 521,000 380,690 1,960 WAGON MARKET. The following are the Indianapolis f trices of hay and grain by the wagon oad: Hay—Loose timothy, $33034 a ton; mixed, $30@33 ; clover. $30033. C0rn—51.5501.65 bushel. Oats —904192 c bushel. Straw—Wheat, sß@9, ton; oats, $14015. WAGON WHEAT PRICES-. Indianapolis elevators and mills are paying $2.55 for No. 1 white, $2.52 for No. 2 and $2.40 for No. 3. All other grades, aeoordinj to quality. VALUE OF FARM STOCK GOES UP Coming of the Auto Has Cut Number of Horses. Dairy cattle, sheep and swine on Indiana farms have increased in value during the last year, according to a report of George C. Bryant, field agent for the co-operating crop reporting service. The report Indicates the value of horses, rnuios and other cattle has decreased. The number of horses and mules is slowly diminishing with the Increase in number of automobiles and tractors, the report Indicates. it shows that there were on Jan. 1 a total of 93,000 mules and 821,000 horses in Indiana, as compared with 94,000 mules and 829,000 liorses a year ago. The report shows a 2 per cent increase in the number of milk cows and a decrease of 2 per cent, in the number of all other cattle. The number of sheep increased 1 per cent, according to the report, and the number r swine Increased 2 per <x;nt. Wholesale Meats Smoked meats shown call for discount of %c lb for order of 150 of one item; 250 lbs and over discount of %c lb. PORK. HAMS Regular, 14 to 16 lbs .33% Skinned. 12 to 14 lbs .35% Fancv boiled .51 BACON— Fancy breakfast, 5 to 7 lbs.. .48 Sugar cured, 14 to 16 1b5.... .31 Sugar cured squares .27 Fancy sliced, ITb cartons... .55 PICNICS— Sugar cured, 5 to 7 lbs .25 SALT MEAT— Dry salt jowl butts 19% LARD— Refined, tierce basis .23% Oppen kettle, tierce basis.... .24% FRESH PORK— Spare ribs .21 Shoulder bones .08% Tenderloins 02054 Dressed hogs .24 Light loins, 7 to 9 lbs.. .28 Extra light loins, 4 to 6 lbs.. .28% Fresh boneless butts .81 Boston butts .25 Skinned shoulders 1 .22 SAUSAGE— Breakfast, in 1-lb cartons.... .30 Standard, fresh bulk .18% Frankfurts, bog casings -19% FRESH BEEFS. Medium steers, 400 to 500 lbs. -16% No. 2 heifers .16 Native cows 15016 Medium cows .11% LOINS— No. 3 .20 It IBS— 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 23026% No. 2 quality 15%@17% RETAIL COAL PRICES. Prices on coal delivered at curb. Extra charge for service when additional labor is required: Indiana Linton, No. 4, lump $ 6.75 Indiana, No. 5, lump C. 75 Indiana egg and nut 6.75 Indiana mine run 6.00 Indiana nut and slack 5.50 Brazil block 8.00 West Virginia splint lump 8.50 Kentucky eastern lump 8.50 Pocahontas shoveled lump 10.00 Pocahontas mine run 8.50 Pocnhontas nut and slack 8.00 By-product coke, all sizes 11.25 Anthracite, nil 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; separate 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. $1.25 bags per ton ground floor. $1.50 bags per ton carried into cellar. CHICAGO PRODUCE. CHICAGO, Feb. 7.—Butter—Creamery extras, 61c; creamery firsts, 58c; firsts, 55060 c; seconds, 50@54c. Eggs—Ordinaries, s4s@soc; firsts. 53c. Cheese — Twins, 29%@30e; young Americas, 31%@ 32c. Live poultry—Fowls, 35c; ducks, 35c; geese, 27e; spring chickens, 31c; turkeys, 40c. Potatoes—Receipts, 4 cars; Wisconsin and Minnesota., .$404.40.

HOGS ADVANCE ON LIGHTRUNS Prices Refuse to Stay Down When Receipts Dwindle. RANGE-OF HOG PRICES. Good Good Good Mixed Heavy Lignt 150 tbs. 225 lbs. 130 to Feb. Up. Up. 225 lbs. 3. $15.50@ 15.85 $15.25 @ 15.65 [email protected] 4. 15.20 @ 15.E0 15.00 ® 15.40 16.60® 15.70 5. 14.50 @ 15.00 [email protected] [email protected] 6. [email protected] [email protected] [email protected] 7. 15.00 @ 15.50 15.00 @ 16.25 15.50 9. All of the good work done by buyers in pushing prices of hogs to a lower level last week has been upset by the unusual rally in jjrices in the last three market days. Last Thursday the general sales of good hogs were at $14.50 to sls and on the opening market this week the bulk of sales were at $15.50 to sl6 against sl6 for the predominating price a week ago. The principal cause of the advance is a big shrinkage in the current receipts. The run of 4.500 on Monday was more than 4.000 smaller tlian a week ago and 8,000 smaller than the same day a year ago. Similar conditions are reflected in the reports from other markets, but buyers now believe prices hare advanced enough to stimulate the marketing and that there soon will be adequate receipts. The market was sharply higher for pigs that sold as high as $15.75 and also for sows that sold as high as sl4. CATTLE. Whatever change there might have been in tbe cattle market was Interpreted as more favorable to the selling side, but apparently there was no distinct advance in prices in any department and, Indeed, there were few estimates lndi onting any of the fat cattle were higher. There seemed to be a gain In prices of heifers valued higher than $9, but steers of all kinds and the beef cows were steady with the fill some advantage to the owner. Canner cows were the only cattle showing weakness and they were 25c lower. There was a stronger market for calvea with fewer sales of veals lower than $lB, but the top price was again practically sl9. The demand for feed ing cattle was slow, but sales were usually at about steady prices. SHEEP. There was no excitement in the market for live mutton stock because of the light receipts of fewer than 200, but there wrß a prompt sale for the offerings at strong prices. Lambs, better than any her- recently, sold at sl9 and ewes as hlglT as $lO were strong. CATTLE. —Steers— Prime cornfed steers. 1.300 lbs aud up [email protected] Good to choice steers, GBOO lbs and up 13.00tg.14.00 Common to medium steers. „ 1,300 lbs and up [email protected] Good to choice steers, to 1,200 lbs 12.00® 13.00 Common to medium steers, 1,00 to 1,200' lbs [email protected] Good to choice steers, 900 to _ 1.000 lbs [email protected] Common to medium steers, 90*! to 1,000 lbs 9.00® 10.00 Good to choice yearlings [email protected] —Heifers and Cows — Good to choice heifers [email protected] Fair to medium heifeis 8.50® 9.50 Common light heifers 7.00® 8.00 Good to choice cows [email protected] Fair to medium cows 7,50® 8.50 Canners and cutters 5.00@ 7.00 —Bulls and Calves— Good to prime export bulls.. [email protected] Good to choice butcher bulls 9.00® 9.50 Bologna bulls 7.00® 8.00 Common so best veal calves.. 13.00®19.00 Common to best heavy calves. [email protected] —Stockers ana Feeders Cattle — Good to choice steers, 800 ms and up [email protected] Common to fair steers, 800 lbs and up [email protected] Good to cholae steers, under 800 lbs. ..7 [email protected] Common to fair steers, under 800 lbs B.oo@ 9.50 Medium to good cows 6.25® 7.25 Medium to good heifers 7.00@ 7.5> Fair to best milkers 75.00@160 00 Stock calves, 250 to 450 lbs.. [email protected] HOGS. Godd to best heavies, 250 lbs average up [email protected] Good, 200 to 250 lbs average [email protected] Medium and mixed, 130 lbs and upward [email protected] Good to choice hogs. 150 to 225 lbs 18-00 Common to good lights, down to 130 lbs Roughs and packers 11.00® 14.00 Bulk of sows [email protected] Best pigs, under 140 lbs [email protected] Light pigs 15.00 down Bulk of good hogs [email protected] SHEEP AND LAMBS. Good to choice sheep 9.0*>@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 [email protected] Common to medium iambs.. [email protected] Bucks, per 100 lbs 7.00@ 8.00

Other Live Stock CLEVELAND, Feb. 7.—Hogs—Receipts, 1,000; market, 15025 c higher: Yorkers, $15.40015.50; mixed, $15.40015.50; medium, $14.75; pigs. $15015.25; rough. $12.75; stags, $lO. Cattle —Receipts, 200; market, slow. Sheep and lambs —Receipts, 500; mnrket. strong: top, $20.50. Calves—Receipts, 200; market, strong; top, s2l. PITTSBURG, Feb. 7.—Cattle—Receipts, light; market steady; choice, $14.50015: good, $14014.50; fair, $10.50012; veal calves, $20021. Sheep and lambs —Receipts. light: market steady: prime wethers, $13.50014.50; good, $12013; fair mixed, $10011.50; spring lambs, $13014. Hogs—Receipts, light; market higher? prime heavies, [email protected]; mediums. sl6 016.25; heavy yorkers, $15.75016; light jorkers, $1f>.75@16; pigs, $15.5001.1 ; roughs, $12014; stags, $9.50010. CHICAGO, Feb. 7.—Hogs—Receipts, 3,500; market 50c higher; bulk, $14,350 14.86; butchers, $14.20@15; packers, sl3 014: lights. $14014.90; pigs. $13013.90: rougns, $13013.50. Cattle— Receipts, 1,000; market 25c lower; beeves, $9,150 17; butchers. $6.50012.75; camiers and cutters, $5.2506.50; Stockers and feeders, $7011.73; cows, $6.50012.75; calves. $16.50 @lB. Sheep—Receipts. 3.500: market strong; lambs, $14.50020.35; ewes, $6.75 @13.75. EAST ST. LOUIS, Feb. 7.—Cattle—Receipts, 500; market steady; native beef steers, $15.60016.75; yearling beef steers and heifers, $10012; cows, $0.75010; stookers and feeders, $10010.75; calves, $16.500! 17.50; canners ajid cutters, S3O 7.50. Hogs—Receipts, 2,000; market 500 75c higher; mixed and butchers, $l5O I 15.65; good heavies, $14.75016.35; rough heavies, $12013.75; light, $15.25015.65; pigs, $12.50015.25; bulk of sales, $l5O 15.50. Sheep—Receipts, none; market steady; ewes, $10012; lambs. $19,500 ! 20.20; canners and cutters, $5.5006. j EAST BUFFALO, N. Y„ Feb. 7. Cattle —Receipts, 350: market slow, weak; prime steers, $14%15; butcher grades, $lO @ls; cows, S4OIO. Calves—Receipts, 250; market active and steady; culls to choice, $2,150. Sheep and iambs—Receipts, 1,600• market, active; lambs 55c higher; yearlings and sheep, 5c higher, choice lambs, $22022.40; culls to fair, [email protected]; yearlings, $16019.50; sheep, $6015.50. Hogs- Receipts, 3,000; heavies slow, 25c lower: lights, active, 25c higher; yorkers, $16016.25; pigs $16016.25: mixed, $15.75016.10; heavies, [email protected]; roughs, $12013.50; stags, $9.50010.50. Demand Sterling Firmer at Close NEW YORK- Fob- 7.—Demand sterling •on the foreign exenange was off 2 cents, opening at $8.31%. Franc checks opened at l- 1 .60, off 12 centimes, and lire checks at 19.47, off 12. i.erman murks were quoted at .0107 anti Belgian cables at 14.30. Demand sterling rallied to $3.33%; franc checks to 14.50 and Ur* checks to 18.82. Marks rote to .0116 and Belgian cables were quoted at 14.35,

On Commission Row Southern parsley Is 25 cents lower at 75 cents dozen bunches. Lemons are down 50 cents .a box to $6. Supplies are beginning to increase, dealers report. Indiana onions are 60 cents hundredweight lower at $6. Tha western yellows are quoted 25 cenrs off at $6.25. Iceberg head lettuce Is 50 cents crate lower. Now selling at $3.50. This Is $1.50 under the price of two weeks ago. Strawberries are quoted higher at 90 cents a box. First quality stock is higher at shipping point, dealers say. Florida pineaples are In the market in sufficient quantity to carry a quotation on the list prices of dealers. Quoted at [email protected] crate. • Grapefruit is up 25 cents box. Now priced at [email protected]. Shipments have fallen off of late, with the season drawing to a close. Cranberries are $1 lower in barrel lots. Boxes remain the same price. Now quoted at $8.50®b.r.0 and tbe fancy packed In boxes at $3.25. Holland seca cabbage is 1 cent pound lower at 6 cents. New Texas cabbage is quoted at 7 cents in barrel lots and 8 cents in Jess than barrels. Leaf lettuce is lower. Now quoted at 16 cents in barrel lots and 18 cents In less than barrel. Shipments have Increased with milder weather, dealers say. TODAY’S PRICES. Apples—ln barrels: Extra fancy Red Jonathans. sl2; extra fancy Grimes Golden. $11; Baldwins, $8.50; Greenings, $9; Hubbardson, s9@ll; Jonathans, s9@ 10.50; Rome Beauties. * C SO<SIO.SO; Kings, $9; Wine Saps, slk r Maine Northern. $10; Wealthy, $8; Y'ork Imperials, $0: K lnnaird Favorites, $* ; Grimes Golden, No. 1 grade, $9. In boxes: Rome Beauties, 80c to 150s, $3.50; Grimes Golden, 96s to 1755, s3.f>o; Del.eious, 80s to l-'os. $4.50; Winter Bananas, 80s to 150s. $3.75; Yellow Ortley, 72s to 1635. $3.50 @3.75; Spitzenberg, 80s to 150s, $3.50. Bananas—Pound, 7%c. Beans—Michigan navy, in hags,' per lb, B%c; pinto, 8c; limas, 15%c; blackeyed, Bc. Beets-—65-lb bags, $1.75. Cauliflower-—Crate. [email protected]. Cabbage—Old, lb, 6c; new. 7@Bc. Carrots—Basket. 40 lbs, si; new crop, doze, hunches. $1.50. Celery—California, crate, 7 to 10 don, $9; Michigan, $3.73. I oeoanuts—Bag of 800, $10; doz, $1.75. Cranberries—32-lb box. [email protected]; bbl, $8.50; Centennial, bbl, $9.60. Cucumber—Hothouse, Davis, doz, $.3.25. Excelsior Dates—Three doz pkgs, $5.75. Figs—New, in boxes, 50 pkgs, 6-oz, 55c; 24 pkgs, 8-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, Floridas. $4.50 @4.75; fancy Floridas, [email protected]. Grapes—Fancy imported Americas In kegs, 40 lbs net, $14@16; Emperors, keg, $9. Honey—Comb, new, cases of 24 caps. $7.75; extracted, 00-lb tins, 22c; South American, dark extracted. 16c lb. Lemons—Califurmas, standard box. [email protected]. Lettuce—Leaf, lb, 18c; Iceberg, crate, 4 doz, $3.50. Mangoes—Florida. 2 doz, basket, 50c. Oranges—CaiUernla navel, box $4.50® 5.26; Sunklst, [email protected]: Florida, $4,50@5. Nuts—Filberts, lb, 29@32c: English walnuts, 37@40c; chestnuts, 85c; pecans, soc, 50c, 70c; Brazils. 28c; almond, 33@ 36c; shellburk hLttory. 10c. Onions—Red and yellow, ewt, $6; western, $0.25; Spanish imported, 40 in crate, $2.75; green, doz bunches, shallots, 85c. Pineapples—Crate. [email protected]. Popcorn—Pound, 9c. Potatoes—Bakers fancy, ewt, $5 50; northern white, $5: Colorado Gems, $6.25. Rhubarb -Cwt. $2.50; 50 lbs, $1.35. Sage—Fancy, do*. 50c. Spinach—[email protected]. Strawberries—Quart box,’9oc. Bweet Potatoes—lndiana Jersey, bn, $3.25; Kentuckys, $5 bbl, 150 lbs. Nancy Hall—Basket, 40 lbs, $2.50. Tomatoes—Crate, 0 baskets, $5.50. Turnips—so lb. basket, $3.25; new crop, $1.50 doz. bunches. CHICAGO STOCKS. (By Thomson & McKinnon.Open. Close. Booth Fisheries pfd 70 70 Carbide and Carbon 65% 64% Cudahy Packing Cos 100 100 Libby 25 25% Lindsay Light ' 7 7 Public Service pfd 87 87 Sears-Roebuck 218 218 Stewart-Warner 40 39% Swift A Cos 120 121 Swift International 45 45 Armour pfd. 102 102% National Leather 14 14% Montgomery-Ward 32% 34

qcd mi in a Forty-eight hours from frost to Bermuda flowers. Visiting Havana, Kingston, CristoCANAL ZONE bal (across the isthmus), Port Limon, San Jose. WEST INDIES Around the island of Porto Rico. A delightful sixteen-day, all-expense cruise—$125. PORTO RICO XTJ . Visiting Jamaica, Panama, Ecuador, Peru, Bolivia, Chile, Argentina, SOUTH AMERICA Uruguay, Brazil, Barbados. Small party, visiting important .j v 1 u cities in Italy, France, Belgium, inMEDITERRANEAN c i uding the batt]efie i ds . JAPAN CHINA Visiting Honolulu, Philippines, China and Japan. rPHillfT STEAMSHIP TICKETS. rlfmfPffiiiffllffffßlffTf TRAVEL INFORMATION. MONEY FORWARDING. The Fletcher American National Bank Fletcher .American Company, Agents. ■ 11 n*"U'. - —— -U 1 I "mm ' CENTRAL STATES AGENCIES Incorporated under the law* of the State of Indiana Financial Brokers and Underwriters Market Price Paid for Liberty Bonda J Phones 127 E. Market St., Indianapolis * ■ ■■ —. ; Money to Loan on Mortgages STATE LIFE INSURANCE CO.

Exporters Unload Purchases and Grains Drop

LIBERTY BONDS ARE A GOOD BUY Comptroller of the Currency Says No Need to Worry. A circular letter received by the national banks of Indianapolis from the treasury department, controller of the currency, YVashtDgtou, gives official confirmation to the telegraphic reports received last week permitting national banks to list Liberty bonds among their assets at the purchase price, not the current market value. “There is.” says the letter from th® controller, “no cause for anxiety because of the recent decline in the market value of Liberty botids. The fail in prb - is no reflection upon their Intrinsic vain® and desirability, but the lower quotations offer Investors ah extraordinary opportunity to obtain at very attractive prices the best security in the world.” The controller adds- “The people o* this country need have no doubt o'.’ the ability of this nation to now and always meet In full every obligation and commitment, and It is the opinion of well informed students of the situation that it should not be a long while beforo Liberty bonds and Victory notes will command, not only their par value, but probably a considerable premium. “United States Liberty bonds have already been very widely distributed to Investors and digested. On Nov. TT. 1919, the amount of Liberty bonds owned by all national banks amounted to only $S29.*000,000, which was less than 4 per cent of the total resources of the nations* banks at that time. “The income of the people of tbe United States in excess of ordinary living expenses,” says the controller, “probably amounts at this time to motithan ten billion dollars per annum, ned : less than oDe-tenth of this estimated ! surplus investabie income, would be sufficient to absorb in twelve mbnths all Investments still held by national banka | In Liberty bonds.” DAWSON COPS CORNHONORS Marion County Farmer Wins at Greenwood Institute. A Marion county farmer has iijvadqd Johnson county and snatched from tjjai time-honored Hoosier corn king count* the 1920 title. _ lie is Frank B. Dawson, RT'R.-'fTT Indianapolis At the Greenwood Farmers' lnstiture. Dawson entered the professional class with eleven ears of ReiVs Yellow Dent corn, and when the judges made their awards he had captured five blue ribbons.On the ten ear* he won first premium sweetstakes and grand sweepstakes, while on the single ear, a wonderfully perfect specimen of corn, he captured firat premium and sweepstakes, in all. Dawson went home SB2 richer in premiums and cash after beating the Johnson county men in their own domain. In explaining his success. Mr. Dawson, who is but 26 years old. attributes much of his ambition to the encouragement given him by Hence Crrme. a Marion county corn expert, who for years ’la* encouraged youngsters of the farms to try to crown corn-show type of corn. •'Mr. Orme has been my guiding light." declared Mr. Dawson frankly, “and I am glad he has done that much good for scores of other boys. too. We'Ve got to make our corn yields better in order to fed the nation. Since he was a lad of 16, Dr. Dawson has been a practical firmer, managing a farm belonging to his mother. He bis ; been exhibiting at various corn show* for eight years, winning fourth in the 1916 state show at Lafayette, Ind., In a field of national exhibitors. WHOLESALE produce. The following prices are paid fr poultry by local dealers: Eggs— Fresh, 54c doz. Poultry—Fowls. 30c: springs, 30c; cocks, 18c; old tom turkeyb, 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; ducks. 4 lbs up, 27c; ducks, under 4 lbs. 23c; geese. 10 lbs up, 22c; guienas, 2-lb size per doz, $10; squabs, il lbs to doz, $6; capona, 7 lbs up, 3Sc.Butter—Clean packing sto-k, 35c lb: fresh creamery butter in prints is selling at wholesale at 63c: in tubs, 62c. Butter Fit—lndlanasolls buyers are paying 63c lb. Cheese (wholesale selling prices)— Brick, 37c lb: New York cream. 38c; Wisconsin full cream, 36c; Longhorns, 37c; linburger, 38c. LOCAL HIDE MARKET. . Green Hides—No. 1,25 c; No. 2. 24c. Green Calves —No. 1. 55c; No. 2, 53%c. Horsehides—No. 1. sl3: No. 2, sl2. Cured Hides—No. 1. 30c; No. 2. 29c.

9