Indianapolis Times, Volume 33, Number 178, Indianapolis, Marion County, 4 December 1920 — Page 11

STOCK MARKET CLOSES STRONG Mexican Petroleum Big Fea- . ture Throughout Trade. I NEW YORK, Dee. 4.—The stock marclosed strong, today. F Mexican Petroleum continued to feature the trading right up to the close, having a rapid advance of nearly ihpoints to above 180. Closing flgures generally were around the best of the day. Steel common rallied % from the low to 63. Crucible Steel sold up 4 points to 97%. Baldwin Locomotive rose to above W*. but reacted at the finish to 97%. Southern Pacific after selling above 106( reacted at the close to 105%. Pacific Oil rose 1% to 38% and Southern Pacific rights finished at 23%. Atlantic Gulf rose 3 point* to 114%. California Petroleum was another strong spot, advancing over two points to 23%. American Agricultural, after yielding 6 points to 60, rallied to 61. Government bonds were unchanged; railway and other bonds were strong. Total sales today were 406,200 shares; bonds, *8,109,000. Sales for the week were 4,369,600 shares; bonds, 886,314,000. (By Thomson & McKinnon) —Dec. 4Xow that we are through with the wonderful melon of Southern Pacific, gossip is preparing another big deal. It Is nothing less than Pan American acquiring the outstanding supply of Mexican Petroleum ■K* a basis of three shares for one. This, If true, would be merely a continuation of the inflation that brought on all of our trouble and would certainly be bearish on Pan-American because that’s how a lot of the companies got into trouble buying high-priced goods. And it does not matter whether it is buying stock certificates, ships or merchandise. But this is possibly one of the imax inary stories produced to satisfy a curious public that want a definite reason for! every advance anil every decline. Os far greater importance right now to the market is the recovery made in the j month of November for commercial fail- i ures. It is anew record for the month. CLEARING HOUSE STATEMENT. NEW YORK, Dec. 4.—Clearing house statement: Federal Reserve Bank credit, $62.180,860; exchanges, $744,532,852; balances, $65,500,537. Money and Exchange Indianapolis bank clearings Saturday were $2,523, against $2 93x000 for Saturday of the week before. For the week ending Saturday the clearings were *25.647.000. against $13,500 for the week ending the Saturday before. NEW YORK, Dec. 4.—Little change was manifested in the opening of foreign exchange today. Sterling was unchanged at *3.40% : francs, .6066, off .0002; lire. .0359. off 0001; Canadian dollars. .8756, unchanged; Danish kronen. .039*1; marks. .0140, off .0001. Near the close sterling was $3.46; francs. .0598; lire .0.357; marks. .0138; ,>tnadian dollars, .8756. NE WYORK, Dec. 4.—Commercial bar silver: Domestic, unchanged at 99%; foreign, lc lower at GO. LONTXiV Pec. 4.—Bar sliver was %and lower at 44%*L NEW YOKE RANK STATEMENT. NEW YORK, Dec. 4. —Bank Statement —Averages: Loans, decreased, $9,865,000; demand deposits, decreased $18,659,000; time deposits, decreased $3.729.000; reserve, decreased, $3,024,120. Actual: Loans, decreased. $'.5,140,000; demand deposits, decreased, $46,376,000; time deposits, decreased. $6.952,000; reserve, Increased, $26,058,540. MOTOR SECURITIES. (By Thomson & McKinnon.) —Dee. 4 —Opening— i „ Bid. Ask. | Briscoe 7 y%; Chalmers com . i 1% . Packard com 11% 12% ! Packard pfd 70 " 79% Chevrolet 150 500 Peerless ~ 22 22% Cont. Motors com 6% 7% Coin. Motors pfd 93 93% Hupp ccm 11 12 Hupp pf.i no 93 Reo Motor Car 24 24% Elgin Motors 5 6 Grant Motors 2 2% Ford of Canada 263 268 Intarnat. Motor pfd 2% 3% United Motors 33 -ff National Motors 6 10 Truck 20 22 ‘ Paige Motors 17 lg Republic Truck 27 30 ACTIVE OIL STOCKS. (By Thomson & McKinnon.) —Dec. 4 —Opening— Bid Ask./ Anglo-American- Oil 19*4 19%' Atlantic Refining 1025 1075 Borne-Scrymser 400 420 Buckeye Pipe Line 84 87 Chesebrough Mfg. Cons 195 210 Cbesebrough Mfg. Cons. pfd. 100 103 Continental Oil, Colorado... 109 112 Cosden Oil and Gas 5% 6% Crescent Pipe Line 28 31 Cumberland Pipe Line 125 135 Elk Basin Pete.'. 8 8% Eureka Pipe Line 90 100 Galena-Signal Oil, pref. new S8 92 Galena-Signal Oil. com 49 52 Illinois Pipe Line 157 IF2 Indiana Pipe Line v .. 85 88 Merritt Oil 12 12% Midwest Oil 1 1% Midwest Rfg 147 149 National Transit 25 27 New York Transit 160 165 Northern Pipe Line 98 102 Ohio Oil 293 298 P. A U 5% 5% Osage Hominy % ... Penn.-Mex 40 42 Prairie Oil and Gas 510 520 Prairie Pipe Line 203 208 Sapulpa Refg 4% 5 Solar Refining 3G9 390 Southern Pipe Line 100 103 South Penn Oil 233 258 Southwest Penn-Pipe Lines. 60 65 Standard Oil Cos. of Cal -.623 327 Standard Oil Cos. of Ind 715 722 Standard Oil Cos. of Kan COO 625 Standard Oil Cos. of Ky 430 450 Standard 0.l Cos. of Neb 410 439 Standard Oil Cos. of N. J ... 620 630 Xsandard Oil Cos. of N. Y.... 358 362 Oil Cos. of 0hi0.... 400 415 Swan & Finch 45 60 Cnlon Tank Line 103 107 Vacuum Oil 315 320 Washington Oil 30 33 NEW YORK CCUB. (By Thomson & McKinnon.) Dec. 4 —Closing— Bid Ask. Curtis Aero com 2 3 Curtis Aero pfd 15 23 Texas Chief 7 11 First Nat. Copper % 1% Goldfield Con 7 9 Tobacco 1 2 Havana Tobacco pfd ....... 3 6 Cent Teresa 3 4 ■Tumho Extension 5 7 Internat. Petroleum 17% 17% Nlpisaing 8 8% Indian Pkr 3 4 Royal Baking Powder 110 128 K.’ ’ ’ akiug Powder pfd... 78 82 Standard Motors 6 S Salt Creek 26 28 Torop h Extension 1% 1% Tonopab Mining 17-16 19-16 United P S new 1% 1% T\ S. Light and Heat % 1% U. S. Light and Heat pfd.... 1 3 Wrt-ht- fattin Aero 4 6 World Film % % Yukon Gold Mine Cos 1 1% Jerome % % ► Cornelia 16 18 United Verde 23 2G Sequoyah % % Omar Oil 2% 2% Rep. Tire 1% 1% CHICAGO PRODUCE. CHICAGO, Dec. 4.—Butter—Creamery extras. 50c; creamery firsts, 44c; firsts, 40@47c; seconds. 36<@3Sc. Eggs—Ordinaries. C4@6Bc; firsts, 73Q76c. Cheese— Twins. 26c; young America*, 24%c. Live Poultry—Fowls, 25%c; ducks, 27c; geese, 25c; roosters, 18c; spring chicken*. 25c: turkeys. 35c. Potato**—Receipts. 32 cars; Wlsgonain and Minnesota, $1.60^1.75.

Stock Market Review NEW YORK, Dec. 4.—The Evening Sun financial review today said: "There was a strong tone in today’s short session of the stock market, although price fluctuations were neither broad nor uniform. “The old descriptions continued to show more pronounced strength than other part* of the list. Mexican Petroleum advancing to a gain of more than 4 points In the first half, Pan-American nearly 2 points, and California Petroleum a point or so. “The motors were not buoyant, but nevertheless made a fair showing. “In the railroad department there was less evidence of accumulation, and while many of the issues held firm, some of them, like New Haven and one or two others, were under no little pressure. ’’Southern Pacific bad moments of strength, but it seemed to want in staying power and swayed within a range of 2 or 3 points. "Trading was only moderately animated for the session as a whole. “In the second hour, with few exceptions, the industrial and railroad lists sprang forward in union with the oils in the van. Mexican Petroleum pushed through 180 for the first time since Nov. 6. “Crucible steel gained more than 4 points, while net gains among the standard shares averaged 1 to 2 points. TWENTY STOCKS AVERAGE. NEW YORK, Dec. 4. —Twenty lndustsial stocks averaged 77.08, down .22 per cent. Twenty active rail* averaged 77.53, up .08 per cent. NEW YORK LIBERTY BONDS. Prev. High. Low. Close. Close. Liberty 3%s 90.46 90.26 90.40 90.26 Liberty Ist 45... 86.18 86.00 86.00 85.82 Liberty 2d 4* 85.10 Llbertv Ist 4%5. 86.20 86.04 86.10 86.00 Liberty 2d 4Vi*. 85.48 85.36 85.38 85.32 Liberty 3d 4%5. 88.48 88.16 88.32 88.10 Llbertv 4th 4V*s. 85.74 85.64 85.70 85.74 Victory 4%s 95 50 95.46 95.50 95.50 Victory 4%s 95.56 95.30 9.1.54 93.30 CHICAOO STOCKS. *Bv Thomson A McKinnon.) —Dec. 4 Open. High. Low. Close. Carbide A Carbon. 52% 52% 52% 52% Cudahy Pack. Cos. 64 64 62 % 62% Libby 12% 12% 12% 12% Montgomery-Ward. 19% 19% 18% 18% National Leather.. 8% 8% 8% 8% Sears-Roebuck ....I<M Stewart-Warner ... 28% Swift A Cos 105% Swift International 27 In the Cotton Markets NEW YORK, Dec. 4. —Liverpool ln!wests and spot houses were selling at ;he opening of the cotton market today and first prices were 4 to 20 points lower. Wall street and New Grleaus hoi’vs absorbed the offerings so that steadiness prevailed after the start, with prices 20 to 60 points up from initial figures, responding to relative streugth at New Orleans. The National Glnners' Association estimated the crop at 12,240,000 bales, ex elusive of ltnters and made the ginning to N'ov. 30, 10.660,000, against 8.844.000 bales by the Government a year ago. New York cotton opening: December, 15.40 c; January, 15.50 c; March, 15.70 c; May. 15.90 c; July, 15.50 c. Profit taking caused recessions from the top late in the trading, but the close was firm at a net gain of 11 to 25 points. NEW ORLEANS. Dec. 4—A distinctly better feeling prevailed in the cotton market here today With demand active throughout and offerings limited, prices at the opening were 4 to 25 points higher. Values moved slightly upward after the opening with shorts and trade houses the leading purchasers. Closing prices were 4 to 90 point* net higher. % BATTLE WAGED TO SAVE KINGS OF ELDORADO

California in State of Arms Over Wholesale Destruction of Redwoods. SAN FRANCISCO, Dec. 4.—" Save the redwoods before it is too late!” is now the popular cry In California. The whole State is up in arms over the wholesale destruction of these oldest and rarest trees which is now going on. If you are a loyal Californian —If you were born there, or if your loyalty It based merely on a two weeks' visit which you have never been able to forget, or let your friends forget—Join this "Save the Redwoods” campaign, and send an angry protest to your Congressman. Whether you have been to California or not, you have heard of It* redwoods, its monster trees, which are the oldest living things in the world. Those of the Sierras are already well protected. In the Calaveras grove at Wawona. In the Sequoia National Park and General Grant National Park, the giant tree* are safe for generations to come. But the beautiful redwoods of the Coaat. smaller of girth but taller even than their Sierra cousins, are entirely without protection. Throngh the heart of some of the finest groveß of the coast redwoods, the State of California built Its coast highway—°ne of the most glorloua highways ever conceived by man. For several miles you bowl along under a giant sequoia archway so old nnd stately that It make* the motor achievements of the Twentieth century appear si-art but Insignificant. Yet the very building of this road which has made It possible for motorists to visit the redwoods, has resulted In their destruction. For a good road and motor truck)* have made the timber marketable, and the owners of the frees have lost no time In converting them into lumber. Today every one who travels over this highway Is heartsick at the thought of the certain ruin that awaits the entire stand of redwoods unless sufficient funds are raised to buy the limber lands along rhe road and turn them into a State or National park. DESOLATION STARES WHERE LUMBERMEN HAVE WORKED. “Not such a great deal Is left to be saved, ’’ explained the secretary of the Redwoods League, in discussing its campaign. “It Is not such a great task that faces us. nnd the mills arc reducing it every day. One mill is working within a hundred feet of the State highway, in the very heart of one of the most beautiful remaining groves, filgns along the road warn the motorlfei to beware of falling trees. “There are only a few miles of red woods along the State highway, not mure than a dozen at most,” he continued, hunting through his desk for a map that would show their exact location. "You go along for some distance on a beautiful road, shaded by oak and pine trees. Then, all at once, the road dips sharply into the shade of tremendous trees that rise in straight columns 300 feet or more In the nlr. They are not like the clumsy giants of the Sierras, but graceful anil beautifully proportioned. “The contrast between one of these groves and the stretches of desolation where the lumbermen have been at work Is terrible. The world must have lumber, no doubt, and the redwoods must furnish their snare, but there are thousands of redwoods elsewhere In the State that may be used fer (his purpose. To destroy the redwoods along she highway Is simply a monstrous piece of vandalism that it will take ten centuries to make amends for.” Perhaps it ’is the ancient tree-wor-shipper in every man that him love the redwoods. There seems to be something kindly as well as nwe-lnspir-ing about them, as if, having watched for centuries, they had nothing but pity left for him.

CATTLE MARKET EXTREMELY DULL Hog Prices Hold About Steady —Lambs Lower. RANGE OF HOG PRICES. Good Good Good Nov. Mixed. Heavy. Light. 29 . $10.tl) $10.60@ 10.75 $10.40010.50 20. 10.50 [email protected] [email protected] Dec. 1. 10.50 [email protected] 10.60 @10.60 2. [email protected] [email protected] 10.15010.25 3. 10.50010.60 10.50 [email protected] 4. 10.50 @ 10.60 [email protected] [email protected] Hog prices on the local live stock exchange were about steady today with a fair run at between 8,000 and 9,000 and a good demand for all grades of hog* by practically all the buyers, Including local packers and eastern shippers. Trade opened rather early aud the majority of the hogs were sold before the close of the early forenoon hours. There was a top of $10.75 on some good heavy* and light hogs, but the bulk of sales ran close to $10.50. Lights generally brought around $10.50 @10.60; heavies, [email protected], and mediums, [email protected]. Pigs were in some instances 10c lower than on the Friday market, with the bulk at [email protected] and a few at $10.65. Roughs were practically steady at s9@ 0.50. Trade in cattle was slow, with prices barelv steady. Receipts wore extremely light with less, than 200 cattle on the market. The calf market was active and prices were stronger on all grades, possibly due more than anything else to the light receipts. There were less than 300 calves on the markets The bulk of the good to choice calves brought $13@14, with more at sl4 thau #vere sold on the Friday market, and a top of $14.50. at which there was a good number sold. Sheep were steady and lambs generally 75c lower, with prime sheep at $3.50(24. and lambs. $6.50*211. Receipts for the day approximated 300. Demand was fair. lIOGS. Best light hogs, 100 to 200 lbs average [email protected] 200 to 300 lb average 10.60® 10.75 Over 300 lb* Sows 9 00(3 9.50 Best pigs, under 140 1b*,..... [email protected] Bulk of sales 10.50 CATTLE. Trime cornfed steer*. 1.300 lb* and up 10.00® 12.00 Good to choice steers, 1.200 to 1.300 lbs [email protected] Good to choice steers, 1,100 to 1.200 lb* 10.25@13 25 Medium steer*, 1,000 to 1,100 lb* [email protected] Common to medium steers, 800 to 1,000 lbs 6.50@ 8.00 —Heifers and Cow*— Good” to choice heifer* [email protected] Medium heifers B.oo*B 8.75 Common to medium heifers.. 5.00@ 6.50 Good to choice cow* 8 00@ 9.00 Fair to medium cows 5 25® 6.00 Cornier* 3.25ffl 4.00 Cutters 4.25® 5.25 —Bull*— Good to choice butcher bull*. 7.25@ 8.25 Bologna bulls 5 00@ 625 Light common bulls 4 00@ 5.00 —Calve* — Choice veals [email protected] Good veals 12.00@12.”i0 Medium veals [email protected] Lightweight veals 7.00@ 10.0 J Heavyweight calves 3.50@ 9.00 —Stockers and Feeder* — Good to choice steers, 800 lb*. and up [email protected] Good to choice steer*, under 800 lb* B.oo@ 8.50 Medium cows .. 5.00® 5.50 Good cows 5.50 W 6.90 Good heifers 6.50® 7.50 Medium to good heifers 6.00® 0-75 Good milker* [email protected] Medium milkers 00.00® 100 00 Stock calves. 230 to 450 lbs... 7 00@ 9.0*1 BHELP AND LAMBS. Good to choice sheep 3.50@ 4.0*1 Fair to common 2.00@ 2.50 Bucks 2.50@ 3.50 —Lambs — Common to choice yearlings. 6.00@ 8.00 Spring lamb* [email protected] Other Live Stock

CHICAGO, Dec. 4.- Hogs Receipts, S,OW; market, steady; bulk, tl'^qilO.2.); butchers, $104410.35; packers. [email protected]; lights, [email protected]: pig*. [email protected]; roughs, [email protected]. Cattle Receipts, 3,000; market steady; beeves. butchers. $4 75@!12; tanners and cutters. [email protected]; Stockers and feeders, s4@lo: cows, [email protected] ; calves, sll@l2. Sheep Receipts, 1,500; market, steady; lambs, $8.50@: 12.75 ; ewes. [email protected].

CINCINNATI, Dee. 4.—Hogs—Receipt*, 3,400; market, steady to 25c higher; heavy, mediums and lights, sll ;■ pigs. $10.50; roughs. $9; stags, 7. Cattle--lle ceipts, 200; market, steady; bulla, steady; calves, si:t@l4. Sheep and lambs- Re ceipts, 200; market, steady; sheep, s2@ C; lambs, s6@jl2. CLEVELAND, Dec. 4. —Hogs—Receipts, 1,500; market, 25c up; Yorkers. $11; mixed, $11; medium, tit; pigs. $10.50, roughs. $9.50; stags, $7.50. Cattle Receipts, 109; market, slow. Sheep and lambs—Receipts, s<>o; market, weak; top, sl3. Calves—Receipts, 200; market, slow; top, sl6. PITTSBURGH. Dec 4 Cats l*v-Ke ceipts light; market steady; choice, sl3@ 13.50; good, $1125(9 12; fair. s9',<lo; veal calves, $15@16. Sheep and lambs—Light; market steady; prime wethers, s*[email protected]; good, [email protected]; mixed and fair, $4.50@. 5; spring lambs, [email protected]. Hogs Re ceipts, 15 double*; market higher; prime heavies, $i0.75@11; mediums, [email protected]; heavy yorkers, [email protected]; Ugh* j.runs, sll@ 11.25; pigs. sll @11.25; roughs, s!l@ 9.75; stags, [email protected]. FAST BUFFALO, Dec. 4.—Cattle—Receipts, 500; market dull and weak; shipping steers, [email protected]>; butchers grades, sß@l2; cows, [email protected]. Calve* —Receipts, 175; market slow. 50c off; culls choice, [email protected]. Sheep and lnmbs--Kecelpts. 2,4*30; market slow, steady, lower; choice lambs, sl3@ 13.25; culls, fair, $8@1275; yearling*, sßCat'.so; sheep, [email protected] Hogs —Receipts, 4,01)0; market slow, 15@25e lower; yorkers, $10,754)10.85; pigs, $10.75 @10.85; mixed, slo.vs@ 10.85; lienvle*, $10.75; mughs, [email protected] ; y stags, s7@B. EAST ST. LOL LS. 111., Dec. 4.-Cattle-Receipt*. 600 head; market steady; native beef steers, [email protected]; yearling beef steers and heifers, [email protected]; cows, s7@i 8.50; Stockers and feeders, $5.50@0, calves, sl2@ 13.75; canners and cutters, $5*84.50. Hogs—Receipts, 5,500; market lOe lower; mixed and butchers. slU.ls@ 10.40; good heavies, $ 10.25@; 10.35; rough heavies, $8.75<?{9; lights, [email protected]: pigs, *1 Ofrf 15.50; bulk of sales, $10.1.1@ 10,30. Sheep—Receipts, 1,500; market nominal; ewes, [email protected]; lambs, sll® 12; canners and cutters, [email protected]. WHOLESALE FEED PRICES. Ton sacks. Cwt. Acme Brnnd ...$42.09 $2.15 Acme I''ee*l 43.00 2.15 Acme middlings 46.00 2.85 Acme Dairy Feed 52.00 2.65 E-Z Dairy Feed 42.50 2.15 Acme H. &. M 39.25 2.00 Acme stock feed 34.50 1.75 Cracked corn 38.25 1.95 Acme chick 49 00 2.50 Acme Scratch 46.00 2.35 E-Z Scratch 42.75 2.20 Acme dry mash 52.00 2.65 Acme hog feed 50.00 2.55 Hornlik. yellow 38.25 1.95 Rolled barley 53.00 2.70 Alfalfa Mol 47.00 2.40 Cotton seed meal 48.00 2.45 Linseed oil meal 61.00 3.10 GRAINS* Shelled corn, small lots 86 Shelled corn, large lot* 85 Shelled corn. 2-bu sack 90 Oats, 3-bu sack 60 Oats, large bulk 56 CORN MEAL AND FLOUR. Corn meal, cwt, net $2.20 E-Z Bake, bakers' flour. 98-lb sack.... 9.90 CLEVELAND PRODUCE. CLEVELAND, Ohio, Dec. 4.—Butter— Exti, n. luo lots, 5/%@sßc; prints, 58% @sßc; extra first, 56%@57c; first, 55%® 56c; seconds, 51@52c; packing stock, 39 @4oc. Eggs—Fresh gathered northern extras, 70c; extra firsts^7sc; Ohio firsts, u*w cases, 74c; firsts, old cases, 73c; western first*, new enses, 72c; refrigerator extins, 58c; refrigerator firsts, 50c; a case contains thirty dozen. Poultry—Live heavy fo?*’U. 25@26c; light stock. 17@19c; springer.). 20c; old roosters, 18c; spring ducks, 3p@*l*c; turkeys, 43@44c; geese, 27@30e. / *

INDIANA DAILY TIMES, SATURDAY, DECEMBER 4, 1920.

Grain Car Capacity Fixed by Commission WASHINGTON, Dec. 4.—The Interstate Commerce Commission established a carload minimum of 50,000 pounds on all grains with the exception of oats, ear corn and corn In the shuck upon which a minimum of 80 per cent of the market capacity of the car was fixed. These mlnlmums become effective Jan. 1. 192*. They were established following a conference with grain shippers, and railroad officials before representatives of the Interstate. Commerce Commission In St. Louis recently. Local Stock Exchange —Dec. 4. STOCKS. Bid. Ask. Indiana Rail, A Light com. 60 Indiana Rail, a Light pfd.. 84 Indianapolis & Northwest Indpls. A Northwest, pfd Indpls. A Southwest, pfd Indpls. Street Railway 56 63 „ Terre Haute T. A L T. H.. I. & E. com ... T. H., I. A E. pfd Union Trac. of lnd., com 1 Union Trac. of Ind., Ist pfd. ... 14 Union Trac. of lnd., 2d pfd 2 Advance Kumely Cos., com... 14 Advance Rurnely Cos., pf.l ... Amer. Central Life 235 Amer. Creosoting Cos., pf*l.. 90 Belt R. It. com 60 70 Belt R. R. pfd Century Build. Cos., pfd.... 94 Cities Service Cos., com ... Cities Service Cos., pfd C.tlsens Gas Cos *32% 36 Dodge Man. Cos., ufd 94% ... Home Brewing f. 55 Ind. Hotel com 66 Ind. Hotel pfd ... Ind. National Life Ins. C 0... 4% ... Ind. Title Guaranty 50 Indiana Pipe Line Cos ... Indpls. Abattoir, pfd 45 61 Indpls. Gas 43% 50 Indpls. Telephone Cos., com. t* ... Indpls. Telephone Cos., pfd.. 91 ... Meroh. Pub. Util. Cos., pfd National Motor Car Cos 5 10 Public Sav'gigs Ins. Cos 2% ... Rauh Fertiliser. pf*t. ... Standard Oil Cos. of Ind ... 710 Sterling Fire Ins. Cos 8 Van Camp Hardware, pfd... 95 100 Van Comp Packing, pfd.... 95 100 Van Camp Products, Ist pfd. 95 102 Van Camp Product*, 2d pfd. 95 101 Vandalla Coal Cos., com 5 Vandalia Coal Cos., pfd 10 Wabash Railway Cos., pfd Wabash Railway Cos., BANKS AND TRUST COMPANIES. Aetna Trust Cos 102% ... Bankers Trust Cos 118 City Trust Cos 85 Commercial National Bank. 65 Continental National Bank.. 112 Farmers Trust Cos 200 Fidelity Trust Cos 12>1 Aletcher Am. Natl Bank... 255 Fletcher Sav. A Trust Cos.. 163 Indiana National Bank 269 Indiana Tru*t Cos IDS Live Stork Exchange Bank Meroh. National Bunk 279 National City Bank 112 120 People’s State Bank 180 ... Security Trust Cos 121 The State Sav. & Trust Cos. 92 87 Union Trust Cos 340 Wash. Bank A Trust 130 BONDS. Broad Ripple os Citlcens At. Railroad 5s 70 ... Ind. Coke A Gas 6s Indian Creek Coal A Min. 6s. 95 Indpls., Col. A Sou 5* 88 Indpls. A Greenfield 5s ... Indpls. A Martinsville 5s ... Indpls. Northern 5s indpls. A Northwestern 6s Indpls A S. E. 5* Indpls A Shelby. A 8 E 6s Indpls. Street By. 4s 6 65 Indpl*. Trnc. A Term. 5s Kokomo. Marion A West ss. 80 84 T. H . I A B. 5s Union Trac. of lud. f>s Citizens Gas 5s 74% 80 lnd. Hotel Cos. 2d 6* Indpls. Ga* 5s 73% $1 Indpls. Light A Heat 5*.... 77 S3 Indpls. Water 5* 87 92 Indpl* Water 4%s 70 73 March. Het 1 Light ref. 5s New Telephone Ist 6s 94 ... New Telephone Long Ids 3s. 93% ... Southern Ind. Power 6*.... 86 ... LIBERTY BONDS. Liberty first 3%s 90.00 Liberty first 4s 86.00 Liberty second 4* Liberty first 4%* VlM> Liberty second 4%s S3,IS Liberty third 4%s 8812 Liberty fourth 4%s , 85.50 Victory 3%s 93.30 Victory 4%s 9334 —SALES—--10 shares .Nations! Motor Car Cos 6 10 shares Indiana National Bank 274 SI,OOO Indpls. Water 5* 88

On Commission Row TODAY’S* PRICES. Apple*—Barrel, $6 & tv Beaus —Michigan navy, in bags, per ib., s%@o< , Colorado pinto*, in bags, per lb., 7@7%c; red kidney*. In hag*. \er lb.. 12%'iil3c; California pink chill, to bags. I per It*.. 8%@8%c; lintel*, per lb., 12%c; | marrow fats, per lb, 11012 c; hiackeye*. - in bag*, per lb, StRWc; California limaa, in aacks, per lb, 9%®10c. | Pena—Dried green, per lb.. 10c; split yellow, 100 lb. bag, per lb., 10c; marrowfats, per lb., 10c; marrowfats, in bag, per lb., 10c. Beeta—Funey bome-grown per bu., $1 50. I bannnas— Extra fancy high grade fruit, ! 50®00c per bunch, uer lb, 9%@10c. i Cabbage—Fancy Northern, per lb., l%c. Carrot* —Fancy, home-grown, per bu„ j $1 @ 1.25. i Celery—Fancy New lork (2-3 crate). 4-5 doz, s4@4 s<*; trimmed, j>er bun*'!), $1.25; fancy Michigan, square box, $1.76. Cocoanuts— Fancy, per *loz., $1.25. Cucumber*—Fancy hothouse, per do*., $1.50. Cranberries—Fan> C. C. Howe* per bbl, sls; fancy C. C. Early Black, per bhl, sl4; fancy C. C. Ceuteuniale, half ! bhl. boxes, $7.50. Egg Plant—Fancy, home-grown, per doz., sl. j Grapefruit—Extra fancy Florida (Blue ! Goosel, 36*. box, $5.25; 16*, box, $0; 54a, i 645, 70s aud 80s, box, $(i.2C. Lettuce—Fancy hothouse, leaf, per lb., 20c; bbl lots, per U>, 18c; fancy homegrown ondive, per doz., 50c; fancy Washington Iceberg, per crate, $5. Oulona—Fancy home-grown, yellow or rod, per 100-lb. bag, $1.35®1.U0; fancy Indiana white*, per 100-lb. bag, $2.50; per bn., $140; fancy .Spanish, per crate, $2.25 Oranges—Extra fancy California Valeuvla, per crate, ss®7. Parßley—Fancy home-grown, per do*., 25® 30c. Potutoe*—Fancy Michigan a.id Wisconsin round white*, per 150-lb hag, $3.50; In 5 or 10-lb bag lots, per 150-lb bag, $3.25®3.50; fnucy Montana gems, per 100lb. bag, $2.50. I'eiiM—All kinds, $1.50(22.60. Quince* Fancy California D’Ango, $0.50. / Radishes —Button home-grown, per doz.. 25c; fancy long, per doz., 25c. Sweet Potato** —Fancy Tennessee Nancy Halls, per hamper, $2.50; fancy Eastern Jersqya, $3. Spinach—Fancy, per bu., $1.50. Itlce—Fancy head, per lb., 11c; Blue Rose, per lb., 10c. Turnips—Fancy home-grown, new, per bu., $1.23(21.50. Mustard—Fancy home-growa, per bbl., $1.75. Kale —Fancy home-grown, per bbl, s2® 2.25. Cauliflower— Fancy New York, pet crate. $2.50®2.75. Oyster Plant—Fancy hothouse, per do*., 50c. Leek—Fancy home-ijrown, per doz., 33c. Sage—Fancy home-grown, per do*., 45c. Green Onlona—Fancy hothouse, per doz., 17%c. Mangoes Fancy home-grown, per small basket, 75c. Uutahagaa—Fancy Canadian, per 50 lbs., $1; per 110 lb*., $175. California Grapes—Fancy Tokay*, per crate, $3; fancy Emperiora, per crate, $3; fancy Emperor*, in drums, 31 lbs, net, $7. Cider—Pure apple, 6 1-gallon glasa Jugs, per case, $5.50: No. 10 tin*, 0% lb nets, per case of 1 doz, $8.50. Kumquats—Fancy Florida*, per qt, 35c WHOLESALE BEEF TRICES. The following are today’* wholesale market prices for beef cut* as sold on the Indianapolis markets: Ribs—No. 2,40 c; No. 3,22 c. Loins—■ No. 2,23 - No. 3,17 c. Rounds—No. 2, 25c; No. a 17c. Chucks—No. 2,15 c; No. 3,12 c. l’i’tes—No. 2,14 c; No. 3,12 c.

GRAIN FUTURES GAIN STRENGTH Export Business Causes Late Rally—Provisions Up. CHICAGO, Dec. 4.—After opening week, the grain market showed considerable strength In trading on the Chicago Board of Trade today. I Price drops at the opening were slight, dueto selling of commission houses aud liquidation of long holdings. The stand of the secretary of the treasury against financial assistance to farmers had a bearish influence. Good export business caused the Increase in later trading. Provisions closed higher. December wheat was off lc at the opening at $1.69%, aud later regained l%c. March wheat was unchanged at the opening, $1.65, but later gained 2c. December Corn opened off %c ut 72c and regained %c at the close. May corn was unchanged at the opening at 76%c aud closed off %c. July corn opened fit 70%c and later gained lc. December oats was off %c at the opening at 47%c and later gained %c. May oats was up %c at 51%c at the opening and advanced %c in later trading. July oats opened at 51 %e and gained another %c. (By Thomson A McKinnon.) —Dec. 4 Wheat—Shipment of 1.240.000 bushels of wheat by India was reflected in the early action of the wheat market. Thi* is entirely overcome, however, by report* of larger than usual export business In wheat late yesterday. Estimates ran as high as 2,000,000 bushels. Italy, the principal buyer, but the British commission also represented. English bouses werf reported a* good buyers in Canadian market*. We again suggest that conditions In the commercial world have had due Influence and that the market from this time forward must recognize the rapid depletion of our exportable surplus. Corn —Country offerings of coru were reported os larger from portions of lowa, but this condition does not seem to be general. Previous sales for shipment to the East for December and January loading have not yet beeu provided for. Inasmuch as current receipts are barely sufficient for local purposes and the distributing trade has yet to meet Its re-quirement*-there seems a likelihood of a strong cash position developing. Cost production is not legitimately a prleemaklug condition for crops which have been harvested, but It doe* enter materially into the price for coming crop* in that the production will Inevitably be reduced unless the commercial price is attractive. It Is accepted that prevailing prices are below the cost of production. This being so, is It not proper to believe that the July delivery offers opportunities to the Investors ? This delivery will be Influenced by the acreage planned and the vicissitudes’of the growing crop. Deflation In tbt* grain has been complete. Therefore development* in the future will naturally favor the holder. Oats- Small movement from the country and light offerings by the farmer will make It necessary to draw upon accumulations at terminal market just as soon as the eastern trade comment * buying for future need* Tusre should also be n better demand from the southern trade In the course of time. This grain, like corn, has reached the polut where the size of the crop harvested has lost Its effect and more attention must be given to the reluctant wiling by the country. Provision* —Receipts of hogs at all western points are considerably below normal. Thta market Is neglected at the present time, but we believe price* will bo shaped by small number of farm animals. CHICAGO GRAIN TABI-E. —Dr. 4 WHEAT— Open. High. Low. Close. Dec 1.69% 173% 1.68 171 March.. 1.60 1.68% 1.62% 1.07 C< > R N Dec 72 78% 71% 72 May 76% 77% 75% 76% July.... 76% 78% 76% 77% OATH - Dec.... -47% 48% 47% 47% Mav 51 % 52'f- 50% 51% July.... 31% 61% 5*9% 51% PORK— Jan... w 23 55 24 10 23 55 23.8? LARD Jau I4 86 15 05 14 75 11.90 May 14.25 14.65 14.23 14.40 RIBS— Jnn 12.55 12.88 12 55 12.67 •May v. 1270 •Nominal. CHICAGO CASH' GRAIN. CHICAGO, Dec. 4—Wheat No. 1 hard winter. $182%; No. 1 northern spring. $1.82%, Corn No. 4 mixed, 71%c; No. 4 white. 71%@7.’c, No. 3 yellow, 76%c; No. 5 mixed, 6U%@7oc; No. 6 white. 66% ; No. 4 yellow, 72%@74c; No 5 yellow, 7<tc Oats No. 2 white*. ot)%®slc-’ No. 3 whit**, ■4-''%@49%c; No, 4 white, 47%@480. TOLEDO CASH GRAIN. TOLEDO, Dec. 4 Close Wheat Cash. $2; December nnd March. $2.02. Corn No 2 yellow (obit, 89c; ttteuK. 8.2 c Oats —No. 2 white, oC@s7c. Ky* No. 2, $1.56. Barley No 2. 85c. Cloversecd Cash *1919 and 1920), and December, $12.55. January, $12.00; February, sl2 75: March, $12.80. Timothy Cnsh *l9lß and 1919), $2; December, $3 33; January. $3 45; February, $3.55; March, $3.70. Alslkc ('ash mew), sl7; cash told $16.15; March, sl7; December. $16.15. PRIMARY .MARKETS. (By Thomson A McKinnon.) Dec. 4 Wheat. Corn. Oats. I Chicago 63,000 142.003 155,000 Milwaukee .. 1,00(1 24.*M) 29. ton Minneapolis. . 479,0ut* 32,0<K) .Vi.O'O Duluth 318,000 11,000 St. I.ouls 106,000 59.000 72,00 b Toledo 4,000 6,000 21,000 I Detroit 3,000 S,(XX) Kansas City. 140,000 22,000 4.<tO) Peoria 51,0"0 18,00) Omaha 61.000 4,000 18,000 Indianapolis.. DfoOo 111,000 30,0F Total* 1.128,(5i*) 189,808 412,009 Year ago.. .1.216 000 703,000 4-84,000 —Shipments— Wheat. Corn. Oats. Chicago 19,000 132.000 112,00.1 .Milwaukee 2.000 23,000 153.00tf Minneapolis... 194,000 80,000 38,009 Duluth 442,000 St. Louis... ’68,000 23,000 45,0*10 Detroit 2,000 4,000 Kansas City. 177,0*6) 39.000 11 00“ Peoria 14,000 47.000 27,000 Omaha 71,000 1,000 12,000 Indianapolis 42,t*)0 18,00.) Totals 990.000 343,000 434.000 Year ago... 674,000 404,000 516,050 —Clearances— Pom. W. Corn. Oats New York 664,000 Philadelphia.. 72,000 " Baltimore ... 414,000 ...... Now Orleans. 448,000 Totals G,r.y\o*>;> Yer ago... 271.0(H) BOARD OF TRADE STATEMENT. The weekly statement of the Indianapolis Board of Trade showing the output of flour by local mills Inspections for the week nnd stock In store, follows : COMPARATIVE STATEMENT. Output of Flour— Bbls. Dec. 4, 1920 8,978 Nov. 27, 1920 7,498 Dec. 6. 1919 12,192 Dec. 7, 1918 6,873 —Bushels—Inspections for Week— 1919 1920 Wheat 26,000 4,000 Corn 6(10,000 202,000 Oats 184,000 B,o* K) Rye None 3,000 Hay—l3 oars. STOCK IN STORE. Wheat. Corn. Oats. Rye. Dec. 4. 1920. .107,270 467,850 459,230 500 Dec. 0. 1919. .534,700 2445,0*50 178,010 50,400 Dec. 7, 1918. .286,840,350.000 302,380 30.400 INDIANAPOLIS CASH GRAIN. —Dec. 4 Bids for car lots of grain and hay at the call of the Indianapolis Board oi Trade were: Wheat—Firm; through hilled; No. 2 rod, [email protected]; No. 3 red, [email protected]. Corn—Firm; No. 3 white. 76%@77%e; No. 4 white.. 73%@74%c; No. 3 yellow, 70@81c; No. 4 yellow, 76(rf77c; No. .. mixed, 74@76c; No. 4 mixed, 71@73c. Oats—Firm; No. 2 white, 52,%@53%c: No. 3 white, 51%@52%c. Hay—Steady; No. 1 timothy, $27.50® 28; No. 2 timothy, $2ff.50#27; No. 1 light

Weather The following table shows the state of the weather at 7 a. m., Dec. 4, a3 observed by United States weather bureaus : Station. Bar. Temp. Wenth. Indianapolis, Ind... 29.76 49 Rain Atlanta, Ga 30.12 46 Cloudy Amarillo, Texas .. 30.10 30 dear Bismarck, N. D 29.90 20 Clear Boston, Mass 30.12 38 Cloudy Chicago, 111 29 04 62 Rain Cincinnati, Ohio .. 29.86 48 Rain Cleveland, Ohio ... 29.82 60 Cloudy Denver, Colo. 30.00 30 dear Dodge City, Kan.. 30.06 28 dear Hglena, Mont 29.86 30 PtCldy Jacksonville, Fla. . 30.10 60 Ptddy Kansas City, M 0... 29.80 38 Cloudy Louisville, Ky. ... 29.86 50 Rain Little Rock, Ark... 29.74 54 Cloudy Los Angeles, Cal... 30.14 54 Clear Mobile, Ala 30.00 69 Cloudy New Orleans, La.. 29.98 62 Cloudy New York. N, Y... 30.08 42 Cloudy Norfolk, Va. . 30.16 48 Cloudy Oklahoma City ... 29.98 42 Clear Omaha, Neb 29.88 32 dear Philadelphia, Pa. . 30.08 44 Cloudy Pittsburgh, Pa. ... 29 96 50 doudy Portland, Ore 30 10 42 PtCldy Rapid City, 8. D.. 29.94 88 dear Roseburg, Ore. ... 30.22 40 Rain San Antonio, Texas 30.08 66 dear San Francisco, Cal. 30.24 50 Clear St. Ivouls, Mo 29 60 54 Cloudy Kt. Paul, Minn 29.80 82 Cloudy Tampa, Fla. 30.16 58 Cloudy Washington, D. C.. 30.06 40 doudy WEATHER CONDITIONS. The central disturbance is moving •lowly eastward across the lake region nnd the middle Mississippi and Ohio Valleys, accompanied by rains from Michigan to the Texas coast. It Is preceded by higher temperatures in eastern sections and followed by somewhat colder weather in the trans-Mississippi region, except in the far northwest, where another depression has made its appearance. .1. H. ARMINGTON. Meteorologist, Weather Bureau. dover mixed, $25.50@26; No. 1 clover hay. $25.5*>@£6.50. Inspections— Wheat—No. 2 rod. 1 car; No. 3 red, 1 car; No. 4 red, 1 car; total, 3 cars. Corn —No. 1 white, 1 car; No, 2 white, 0 cars; No. 3 white, 4 cars; No. 4 white, 5 cars; No. 5 white, 6 car*; No. 4 yellow. 6 cars; No. 5 yellow, 12 car*; No. 6 yellow. 8 car*; No. 3 mixed, 2 car*; No 4 mixed, 1 car; No. 5 mixed, 3 car*; sample mixed, 1 car; ear, 2 car*; total, 57 car*. Oats—No. 1 white, 3 car*; No. 2 white, 10 cars; No. 3 white, 1 car; total, 14 cars. Hay—No. 1 timothy, 1 car. WAGON WHEAT PRICES. Indianapolis flour mill* and elevators today are paying SI.BO for No. 1 red wheat, $1.77 for No. 2 red wheat aud *l:7-1 for No. 3 red. HAY MARKET. The following nr the Indianapolis price* lor hay by the wagon load • Jlay Loose timothy. new, s2i*ji23; mixed hay. ww. $26@28; baled, $26@2S. Oats -Bushel, uew, 55*858c. Corn —New, NXfllsAc per bushel. WHOLESALE PRODUCE. Eggs Fresh, loss off, 70c. Poultry—Fowls, 16@22e; springers, 22c; cocks, 13c; old tom turkeys, 30c; young tom turkeys, 12 lb*, and up, 35c; young hen turkeys, 8 lbs. and tip, 85c; cull thin turkeys not wanted; ducks, 4 lib*, and up, 22c; ducks, under 4 lbs., 17c; geese. 10 lbs. and up, 20c; squabs. 11 lb*, to dr*. $6; guineas, 2-lb size, per doz, $6. Rabbits—l)rawn, per doz, $2 25. Rutter--Buyers are paying 54055 c for creamery butter delivered at Indianapolis Butterfat- Buyers are raying 53®54c for cream delivered at Indianapolis. LOCAL HIDE MARKET. Green Hides—No. 1,7 c; No. 2. fie. Greeu Calves No. 1. 10c; So 2, B%c. Horae hide* No. 1, $4; No. 2, $3. Cured Hides —No 1. 9c • No 2. 8c

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HOMEFURNACE MAKES WORST KIND OF SMOKE Interesting Facts Proved in Investigation at Salt Lake City. \ 1— CARELESSNESS BLAMED VIENNA, Dec. 4.—An extraordinary j dislike smoke? Do you resent the | Intimate way in which It intrude*' into your eye*, ears, throat and nose? If so you can help the rest of suffering mankind, which shares this antipathy, i by adopting a few simple precautions. | You can see that your household heating ! plant is In good working condition, and that the person who operates It has some reason for thinking he can do so. Many and mysterious have been the Investigations made of smoke. Numerous devices have been recommended for combating it. But It remained for Salt Lake City to prove that the cause ox most smoko Is mere carelessness, due to ; Inefficient heating plants and lgnoraut operators. It came to pass like this: TSait Lake City has always had a peculiarly irritating smoke problem. For six or seven months in the year the Utah capital Is an ideal place of residence. It Is over 4,000 feet high; Its climate is dry and balmy, and it has some of the most attractive home sites to be found In thi* country. But in the late fall and winter when the air becomes chilly and artificial heat necessary, the city sheds a good deal of its charm. For then It Is enveloped In a dense fog of smoke, which blots out whole portions of the •nndseape, ruins the dispositions of Industrious housewives and almost ob- , icures the bright Utah sun. Vft Salt Lake City is not a great industrial city, where one expects to see smoke. It manufsctures various things, of course, and it Is the smelting renter of the West, but neither the manufacturing nor the smelting accounts for the smoke. The cause lies in the beautiful, protecting hills. These cut the city off from draft, so that when the emoke rises from its chimney* there la no wind to blow it away. GOVERNMENT SENDS EXPERT TO SPOT. The Governngrnt sent Osborn Monnett, fuel engineer of the United State* Bureau of Mines, to make an investigation. The results of this investigation, while peculiar to the special problem of Salt Lake City—namely. Its lack of wind—should also be of great Interest to all other cities Irritated by smoke problemsj For they prove conclusively, as has been said, that smoke is largely due to carelessresa and faulty equipment In the operation of Individual heating plants. Mr. Monnett’s first act was to test the local fuel supply, which' many janitors in the city Indignantly asserted was astonishingly Inefficient. He was therefore surprised to find It of higher quality than that used by most western ctltles and certainly not to blame for the smoke The next step was to analyze the smoke Itself and discover Its various ingredients. “The most harmful Ingredient of smoke pollution,” declared' Mr. Monnett, “Is soot, which result* from the burning of America* Telephone & Telegraph Cos A dividend of Two Dollars per will be paid on Saturday, Jan. 15. 1921. to stockholders of record at the close ot butiiness on Monday, Dec. 20. 1920. G. D. MILNE. Treasurer.

EDDIE ASH Edits The Times* sporting page. KIDDIES’ BEDTIME STORIES “Pnes in Boots, Jr.” by David Cory. ‘BRINGING UP FATHER’ Greatest comic of them all, will give you a daily laugh. THE HOROSCOPE Another interesting feature appearing daily. THE HASKIN LETTER Gives wider information on topics can be furnished by ordinary news dispatches.

coal In large Industrial plants, domestic stoves and furnaces. It is a mixture of carbon, tarry products of coal distillation, sulphur acids and ash." Curiously enough, Mr. Monnett found that the most harmful kind of smoke was caused, not by the large industrial or high-pressure plants, but by the smaller household stoves and furnaces. “Smoke from high-pressure planta," he says, “tends to be high In ash and contains little tarry matter. Smoke from low-pressure plants and domestic stoves Is the harmful kind, being higher in tarry acids and oily products of combustion.” HIS CURE FOB SMOKE EVIL. In his recommendations for curing the smoke nuisance In Salt Lake City Mr. Monnett advocated the creation of a municipal smdke commission, consisting of engineers, authorized to Inspect the heating plants of the city. Plans for new beating plants, even in residences, should be passed upon by this commission, he believes, and old plants lbould be brought up to an efficiency basis by proper installations and supervisions. A law requiring the operators of boilers to be licensed would alse be a desirable thing, he suggested, not only to reduce the amount of smoke, but to promote the safety of the public from boiler explosion. He also urged the use of gas and electricity for ceoking in place of coal. These 'recommendations have been liatened to with great attention and respect by Salt Late City. No has been taken concerning them, bit tie city authorities hope that the LegiMature will put the recommendations into law before very long. It will esst at least $15,000 to have a brand-new Amoke commission. and the expense to Individual householders for the repair of their heating planta also will be considerable. 1 In the meantime the proposition is being held up by sqme experiments which lend to show that the use of olt shale with coal prevents smoke. For .oil shale in Utah is cheaper than artificial Aeating equipment. Other cities, Including Pittsburgh and others of the Middle West, are much Interested In the results of Mr. Monnett’* Investigation, however, and It la believed by many fuel experts that it has shed a greater light on the §mka problem, than any other smoke lnvwttgatlon. PRINCIPLES of t PROFITABLE </ 1 INVESMENT This book tells yon how to make a profit on stocks — how to avoid the “wild cat” and select the sound security. It shows you how to avoid undue risk and yet make all that your money should earn. It is an invaluable handbook on investing, and it is fas- * cinatingly interesting. Ask Us for This Bock—lt’s Free Let us send you a complimentary copy of "Principles of Profitable Investment.” Write us for the book today, and we will also put you on the list to receive a special New Year offering that will help you to make 1921 your Banner Year. KRIEBEL 0 CO. " Investment Bankees 157 So. LaSalle SlChicago T* -

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