Indianapolis Times, Volume 33, Number 190, Indianapolis, Marion County, 18 December 1920 — Page 9

STOCK MARKET AGAIN WEAK Some Issues Rally From Low Levels Before Final Hour. NEW YORK, Dec. 18.—The stock market clbsed weak today. Pressure continued right up to the close, although some issues rallied from the low levels. American Beet Sugar, after selling down to 35, advanced to 38. Mexican Petroleum, after yielding io> 155%. came back to 15ft*., a loss for the day of over 3 points. / United States Steel held fairly well, yielding only % to 78%. Baldwin fell 1 point to £6%. The rails were weak, Reading and Southern Pacific felling over 1 point. Sears-Roebuck made anew low for the year at 88*4, closing at 88%. Houston Oil, after selling up to 7*. dropped to 65 and then rallied to a closing of 67%. Sales today totaled 526,700 shares; bonds, f9.181.000. _ Sales for the week —Sales totaled 5,389.300 shares; bonds, $125,831,000. (By Thomson & McKinnon) —Dec. 18— Today's stock market opened in a rather quiet and uninteresting manner. There was but little business in evidence. There was no indication of a renewal of pressure, and there was a fair supply of buying orders beneath the market. This scale down buying has been somewhat of a factor during the past week, but Ahe volume of It was not sufficient In exrbnt to make any immediate impression on values. However, it is the beginning and may In time be the means of relieving the market of a good.y part of the floating supply that has been so detrimental to values. A little later in the session selling orders appeared and combined with selling from local professional element, some sharp declines were recorded, the extent of the declines being entirely out of proportion to the volume. But this again demonstrates the thinness, so to speak, of the market. In fundamentals we see no change whatever. From time to time we will hear of losses sustained by the various corporations, we will get further revisions of dividend, all of which will tend to keen the market unsettled and it may be some time before we have reached the stage of normal. In the meantime permanent investors will likely continue their policy of taking on stocks on a ecaledown while the active traders will find it profitable to continue the policy of selling on the technical bulges. CLEARING HOUSE STATEMENT. XE WYORK, Dec. 18.—Clearing house statement: Exchanges, $798,143,140; balances. 58i.71C.9x8: Federal Ueafrve Bank credit balances, $80,002,959.

Money and Exchange

Ind(anapolis bank clearing* Saturday were $2,811,000. ngainst $3.042,900 for Saturday of last week. For the week ending Saturday the clearings were $17,600,000, against $17,461,000 for the week ending the Saturday before. NEW YORK, Dec. 18.—Foreign exchange closed lower today. Sterling deWTand wes $3.50 and cables. $3.50N, off .01%. Other quotations were francs demand .050, off .0013; lire demand .0340. off .0015; marks demand .0130, off .1)002; Canadian dollars demand. 8506, unchanged. NEW YORK CALL MONEY. NEW YORK. Dec. 17— Money: Call money ruled 7 per cent: high, 7 per cent; low, 7 per cent. Time rates, steady, all 7% to 7% per cent; time mercantile puller. steady: sterling exchange was easy with business in bankers’, bills at 3.32% for demand. NEW YORK BANK STATEMENT. NEW YORK, Dec. IS—Bank Statement —Averages: Loans, increased, $31,620.001; demand deposits increased. $1)1.580,000; time deposits, decreased. $6,198,000; reserves. Increased. $9,913,720 Actual: Loans, Increased, $115,576,000; demand deposits, Increased. 512.454.000; time deposits, decreased, $8,416,100. Reserves, decreased. $3,025,710. MOTOR hECIRITIES. (By Thomson &. McKinnon) —Dec. IS——Opening— Bid. Ask. Briscoe 7 9% Chalmers com 1 1% Packard com 11% 12% Packard pfii 78 79% Chevrolet 400 Peerless 22 22% Continental Motors c0m.... 6% 7% -Continental Motors pfd 93 95% Hupp pfd 9*) 93 Reo Motor Car 24 24% Elgin Motors 5 6 Grant Motors 2 2% Ford of Canada 285 268 United Motors 50 40 National Motors 6 10 Federal Trit'-k 20 22 Paige Motors 17 18 ttatpuulic Truck 27 30

ACTIVE OIL, STOCKS. (By Thomson & McKinnon.) -—Dec. IS— Bid. Ask. A rjrlo-American Oil 17% IS Atlantic Refining 950 MOO ilo roe-Scry laser 400 420 luekeyo Pipe Line 82 84 Chesebrougb Mt'g -Cons 100 205 Ohettehrough Mfg. Cons. pfd. 07 100 Continental Oil. Colorado 10S 110 (freacent Pipe Line 27 29 Cumberland IMpe Line 125 135 Illinois Pipe Line 153 158 Indinna Pipe Line S3 85 Merritt Oil 11% 1114 .Milwest Oil 1 1% Midwest Rfg 112 144 National Transit 25 25 New York Transit . .I*B iff? Northern Pipe l,ine 90 93 Ohio Oil 285 295 Oklahoma P. * K 4% 4-N Osage Hominy 1-10 1-3 Penn.-Mex. 35 38 Prairie Oil and Gas 465 475 Prairie Pipe Line 195 200 Sapulpa Refg 4 s * 4*4 Solar Refining 350 375 Southern Pipe Line 97 100 South Penn Oil 237 240 Southwest Penn Pipe Lines.. 58 62 Standard Oil Cos. of Cal 310 313 Standard Oil Cos. of Ind 67 70 Standard Oil Cos. of Kan 280 600 .dart! Oil Cos. of Kv 425 450 Hftnndard Oil Cos. of Neb 410 430 Standard OSI Cos. of N. J 600 615 Standard Oil O*. of N Y 320 325 Standard Ol! Cos. of Ohio 405 413 Swan Sc Finch 45 60 Union Tank Line 9S 102 Vacuum Oil 290 300 Washington Oil 30 35 NEW YORK CCKB. (By Thomson A- McKinnon) —Dec. 17— —Closing— Bid. Ask Curtis Aero, com... 1 3 Curtis Aero, pfd 10 29 Tens* Chief 6 12 First Natl. Copper. % l^i Goldfield Con 5 7 Harana- Tobacco ... 1 1% Cent Teresa 2% , 3*4 Jumbo Extension ..4 6 Inter. Petroleum ... 16 16)4 Nipissing 7 7)* Indian Pkg 3% 314 Royal Bak. Pow 110 120 Royal Bak Pow. pfd 79 82 - Standard Motors ... 6 8 , Salt Creek , 26 28 Tonopah Extension.. 1% 1% Tonopah Mining 1% 1% Ctrl ted P S new- 1% 1% U S Light & Heat.. 1 114 C S Light &H. pfd. 1 3 Wrlght-Mattin 4 6 World Film % 14 •bkon Gold Mine... 1 U 4 ETerome % % New Cornelia 14 16 United Verde 22 25 Smiovah 3-16 5-16 Omar Oil 24 2% Republic Tire 1% 1% NEW YORK METAL .MARKET. NEW YORK, Dec. IT.—Copper weak; spot and December offered at 14c; January. February and March offered at 1444 c. Lead weak; spot. December and January offered at 4.75 c. Spelter weak; • jot, December and January offered at like.

Stock Market Review

NSW YORK, Dec. ia—The Evening Sun financial review today said: “Trading In today's market was quiet. The opening was steady, but heaviness soon came into the general list and weakness developed in spots. “The steel shares held well while the kindred equipments, with the exception of Baldwin Locomotive, were quite insistently sold. “Some liquidation took place in the oil group. “There was nothing in the way of news developments over night to influence the cours* of values, nor was sentiment guided appreciably by the likelihood of (juvtbing taking place in the so ' cmlng week to Change the market position. "Weekly letters of brokerage, houses did not reveal crystallzation of Ideas which, could be interpreted as advice to buy. “Caution was still *tbe wtaehword in most of them. “The sudden advance in 'the exchanges in the past two days was obviously based on technical conditions of the moment in that njarket. as was shown conclusively by the just as sudden setback experienced yesterday and today. “The week in trade was not devoid of encouraging features. Those features were indeed outnumbered by those not ; so encouraging, yet from week to week, ; the last week being no exception, im- | provement has been noted, yuyers are | showing renewed interest here and there.”

N. Y. Stock Prices

—Dec. 17— Prev. High. Low. Close, close. I Adv.-Rum. com. 15% 15% 15% 15% | Ajax Rubber... 26% 26 26% 27 ; Affis Chalmers.. 30 29% 29% 30 : Am. Agricul.... 55% 55% 55% 55% ; Am. Beet Sugar 46 58% 39 46 : Am. B. Mag. Cos. 56% 55% 55% I Am. Car .S: Fd..122% 120% 122% 122 ! Am. Car 23% 22% 22% 23% ; Am. H & L com. G% 6% 6% 6% | Am. HAL pfd. 38% 36% 36% 39 i Am. Drug 7% 7 7 7% Am. In. Corp... 37% 36 36% 37% Am. Linseed 52% 51% 51% 53 Am. Loco 81% 81 81% 81% Ain. Sm. & Ref. 40% 39% 39% 40% Am. Sugar Ref. 86% 83% 84% 85% I Am. S. Tob. Cos. 69 68 69 68% Am. Steel Fdv.. 29% 28% 28% 29% Am. Tel & Tel.. 98 97%, 98 97% iAm. T0bacc0....112% 112% 112% 111% I Am. W001en.... 62% 60% 01% 62% ! Am. Zinc A Ld. 6% 6% 6% 6% Ana. Min. C 0... 30% 33% 33% 36% AtehisofT 90 79 79 79% At. Gulf & W.1..W8 106% 107% 108 Baldwin Loco.. 87% 86% 87 86% R. & O. 1 . 32% 32 32 32% Beth. Steel (Bi. 52 51 51% 52 i Brk. Rp. Tran. 10 9% 9% 10 Can. Pac. Ry.. .112% 112% 112% 112% Cent. Leather.. 35% 35% 35% 35% ■ Chandler Mot... 75 73% 73% 73% C. & 0 06% 55% 56% 56% C., M. A St. P.. 27% 26% 28% 26% !C. M.A St.P.pfd. 40% 39 39 % 59% • Chi. &S. W.... 67% 65% 65% 67% C.. R. I. AP .. 25% 24*4 25 23 C.K.IAP.6%pfd. 57 50% 36% 57 IC R Chili Copper 9 8% 8% 8% Chino Copper .. 18% 18% 18% 18% ■ Coca Cola 20% 20% 20% 20% Colo F A 1 26% 26% 26% 26% Columbia Gas 54% 54% 54% 54% ■ Colins Graph .. 10% 10 10% 10% : Consol Gas 79 77 % 77% 79% Contin Can .... 62 62 62 61 Con Candy Cos.. 5% 6% 5% 5% Corn Products.. 65% 64% 64% 63% Crucible Steel .. 88 79% 81% 80% Cub Am Sugar 27 26% 26% ... 1> A R G pfd.. 1% 1% 1% 1% Erie 12% 12% 12% 12% Erie Ist pfd 18% 17% 18% 13% Famous Players 47% 45% 45% 43% Fisk Rubber Cos 10% 10% 10% 10% Gen Asphalt ... 42 33% 42 30% Gen Cigars .... 54 54 5* 54 Gen Electric ..119% 118% 119% 119% Gen Motors ... 13% 13 13% 13% Goodrich 31% 33% 33% 34% Gt Nor pfd ... 73% 72% 72% 73% Gt Nor Ore ... 26% 26 26% 26 Gulf States Stl 32% 30% 30% 32% Houston Oil ... 78% 70% 71 77% Illinois Can ... 84 82% 82% 83% Insplr Copper.. 80% 29% 29% 30% Interboro Corp. 3% 3% 3% 3% Inter Harvester. 96% 95% 96% 95% Inter Nickel ... 12% 12% 12’* 12% Inter Paper ... 49 48% 48% 48% Invin Oil 22% 22 22 K S Southern.. 18% 18 18% 18% Kelty-Spgr Tire 33% 34% 34% 33% Kennecott Cop.. 17% 16% 16% 16% Lacks Steel ... 50 ' 48% 49 50% Lehigh Valley .54 53% 53% 53% Loews Inc 16% 16% 16% 16% L. & N 98% 98 98 98 Marine com 11% 11% 11% 11% Marine pfd 49% 48% 48% 48% Max. Motor com 2% 2% 2% 2% •Mex. Pete 163 16)-% 160% 164% Miami Copper,. 15% 15% 15% 15% ' Mid. States Oil. 12% 11% 12 12% Mid. Steel 30% 30% 36% 30% M. K. & T 3% 33% 3 Mo. Pac. Ry... 17% 17 17% 17 ■N.E. & Stamp. 48 47% 47% Nat. Lead 68 67% 68 68% Nev. Con. Cop. 8% 8% 8% 8% N. Airbrake.. . 82 81% 81% Bt% N.Y. Central 69 9* 68% 69 Vow Haven.... 16% 15% 15% 16% Nor. A West... 97 96% 96% 97 i Nor. Pacific 77% 76% 76% 77 • O.P. A U.C0... 3% 3% 3% 3% Pacific Oil 38% 37% 88% 31% •Pan-Am. Pete. 76% 75% 70% 77% Penn. Ry 40 39% 39% 37% , People's Gas.... 36% 35 35% 37% ! Pierce-Arrow 19% 19% 19% 19% Pierce Oil C 0... 10% 10% 10% 10% ! Pitts. Coal 57% 57 57 56% |P. Steel Car 80 79% 79% 80% ' lull. Pal. Car..lol 99% 90% 101 , Pure OH 32% 32 32 % 32% I *Ray Copaer ... 11% 11% 11% 11% I Reading 83% 82 82 82 ; Rep. I. & 5... 59% 58Vi 74) 79% Replo. Steel 70-% 69% 69% 69% : li. Dutch. N.Y. 731% 57% 58% 7-6% S Roebuck 92% 89m 80% 93 Slne'air 23% 23% 23% 23% South. rr._..98% 97% 97% 97% | Southern Ry 21 20% 20% 20% Stand. Oil. N..T.e04 601 601 605 ! St.L.&S.F. com.. 20 19% 19% 20 Strom berg Carb. 29% 28 28 28 : Studeboker 40% 39% 40 39% Texas Cos 42% 42% 42% 42% Tex. A Par 17% 17% 17% 17% i Tobacco Prod.. So 49% 50 49% : Transconf. Oil . 7% 7 7 7% ( nloa Oil 21 20% 20% 26% Union Pac 115*4 114% 114% 115% United R. Stores 52% 51% 51% 7,1% U. S. Food Corp. 1.8% 18% IS'-, 18% 1 United Fruit C 0.200 198% 198>-i 198 U. S. Ind. Alcoh. <14% 63*- 63% 64% V. S. Rubber 62*4 61% 61% 62 U. S. Steel 79% 78% 79 79 i 17. S. Steel pfd.. 100 105% 105% 106% •Utah Copper... 49 4.8% 48% 50% Vanadium Steel. 3.8% 37% 37*4 28% Vlr.-Car. Chem.. 31 50% 30% 30% Wabash 7% 7% 7% 8 Wabash Ist pfd. 20 19% 19% 20 Western Union. 83% 82 82 83% [ Weet'h'se Elec.. 41% 41 41 41 White Motors... 34% 34% 34% 34 WiUvs Overland 5% 5% 5% 5% Wilson ACo 38 37% 37% 38 Worth. Pump... 39% 39 39% 39% •Ex-Dividend.

NEW YORK LIBERTY BONDS. I’iev. Higb. Low. dose. Close. Liberty 3%k 90.00 89.82 89.96 89 90 Liberty 2d 4s 86.00 84.94 85.00 85.20 Liberty let 4)4*. 86.10 85.70 85.80 86.12 Liberty 2d 4%*. 85.16 .84 90 85 00 85.14 Liberty 3d 4U.. 87.80 87.40 87.50 87 78 Liberty 4th 4lis. 85.70 85 26 85.50 85.78 Victory 3%s 95 02 94.92 94.98 93.00 Victory 4%s 95.04 95.00 95.00 95 02 TWENTY STOCKS AVERAGE. NEW YORK. Dec. 18.—Twenty industrial stocks averaged 79.26, down .34 per cent. Twenty active rails averaged 72.53, down .36 per cent. CHICAGO STOCKS. —Dec. 17— Open. High. Low. Close. Carbon & Car.. 49)4 49% 48% 49 LibbY 11 11 11 11 Mont-Ward .... 14% 14% 14 14% Natl* Leather 8 8 7% 7% Scars-Roebuck 92% 92% 89% 89% Stew-Warner .. 26% 26% 26% 26% Swift & Cos 100)4 100% >IOO% 100% Swift Inter 25% 25% 25% 25% Aid Leather .... 12% 12% 12% 12% Reo 17 17% 17 17% CLEVELAND PRODUCE. CLEVELAND, Dec. 18. Butter—Extra, in tub lots, per ib. 58'4'11'39c; extra firsts, 37%@55c; prints, 39%gi<X)c: firsts, 53%5* 56c; seconds, 53tf?54c; ph'-king stock, 32G 35c; fancy dairy 424545 c. Eggs—Fresh gathered Northern extra, 80c; extra firsts, ißc; Ohio firsts (new cases), 77c; firsts fold cases), 75c; Western firsts (new cases), 70c; refrigerator extras, 62c A case contains thirty dozen. PoultryLive heavy fowls 26£f28c per lb; light stock, 19f(j 20c; old roosters, I8®lc; spring ducks, 53@40c; turkeys, 45c; geese, 25% 33c.

LIGHT HOGS UNEVENLY HIGHER Pigs Steady to Strong, Roughs About Steady. RANGE OF HOG PRICES. Good Good 4 Good : Dec. Mixed. Heavy. Light. 13. $3.65® 9.75 $9.50® 9.65 $9.75® 9.85 14. [email protected] 9.25® 9.35 9.35® 9.50 15. 9.15® 9.26 9.00® 9.25 9.25® 9.35 16. 9.25® 9.35 9.00 9.40® 9.75 17. 9.25® 9.35 9.00 9.36® 9.50 jIS. 9.25® 9.35 9.00 Q 9.25 [email protected] There was a rush of buying of light hogs at higher prices by shippers at the opening of the local live stock eX--1 change today, and it looked as if the general market would be much higher, | but after the opening half hour, when i the shippers had got all the hogs of that I class that they wanted, the market ; slacked a little and before the close of ! the forenoon prices were steady to around 35c higher on light stuff. At the opening shippers paid as high as $10.25 for light hogs, and as high as $10.40 for pigs, but when the market had become more settled but few light ! hogs brought more than $0.85. They i so and all the way from $0.50 to $0.85. 1 Heavy hogs brought atrouud $9, and ; medium and mixed $0.25<3i0.50. Houghs were , steady at s7.sofc, and 1 pigs were generally steady to 25c higher i than Friday’s close at [email protected]. ' The bulk of sales for the day was s9@ | | 9.85. ; With very light receipts at less than ! 200 f.esh cattle, the market was about | steady. There were no good steers, j Packers bought some butcher stock at I steady prices. j Trade on the calf market was fair to active with light receipts at less than 200 1 j calves and prices about steady. There * 1 were fewer calves sold at >l4, the exI treme top, than there were on the Friday j i market. There was a fair demand for the common and poor grades of stuff. Sheep prices were steady, and lambs steady to strong, with between 150 and 200 sheep and lambs on the market. The ■ demand was fair. One bunch of lambs sold at $9.50, but the bulk brought S7SjO. HOGS. Best light hogs, 100 to 200 lbs. average 9.50^10.00 200 to 300 lbs. average Over 300 lbs 8.50© 9.00 Sows 7.50© 8.00 Best pigs under 14)) lbs 10.00© 10.35 Bulk of sales 9.00© 9.T5j CATTLE. Prime cornfed steers, 1,300 lbs. and up 10.00012250 j Good to choice steers, 1,200 to 1.300 lbs. 9.00010.50 Good to choice steers, 1,100 to 1,200 lbs 8.000 9.23 Medium steers, 1,000 to 1,100 lbs. 7.500 3250 Common to medium steers, 800 to 1,000 lbs 6.000 7.00 • —Heifers and Cows— Good to choice heifers 7.75010.60 Medium heifers 6.000 7.23 Commou to medium heifers. 4.000 6.00 Good to choice cows 5.500 7.00 Fa.r to medium cow* 4.500 6.23 Cutters 3.500 4.23 ■ Canners 8.000 3.25 —Bulls— Good to choice butcher bulls. 0.7>09j 7.00 Bologna bulls 4 500 8.75 j Light common bulls 3.750 4.73 —Calve*— 1 Choicer veals 12.50013.30 Good ve-ils 10.00011.50. Lightweight veals 6 84)0 S.Ou Atedluin veals 9.<>,'f?Slo.4>) Heavyweight calves 7.500 8.30 | Common heavyweight calve*.. 3 50@ 6.00 —Stockers and Feeders— Good to choice steers. 800 lbs. and up * 8.000 9.00 Goo-1 to choice steers, under 8)4) lbs 7.0i)0 800 Medium rows 4.500 5.00 Good cows 5.000 5.50 Good heifers 3-500 600 Medium to good heifers r, 000 600 Good m.ikers 50.00095.00 Stock calves, 250 to 450 lbs... 5.000 8.00 SHEEP AND LAMBS. Good to choice sheep 8 000 3,50 Fair to common 2.000 250 Buck . 2 f 300 Cull sheep 1.000 1.56; —Lamb* Common to choice yearlings. 5.500 6.50 Spring lambs 8.000 9.50

Other Live Stock

CHICAGO, Dec. 18. Hogs—Receipts, 8,000; market steady; bulk. $9.15§i9.56: butchers. 59.19tU5.40; packers, $8 85W 6.10; lights, $9.15419.50; pigs, S980; roughs, $8.70448.85, Cattle -Reeeipts, 1,000; market steady: beeves, $6 25gj 14.50; butchers, $4.35 fit 1025; ranners and butchers. $2.75*14.15; slocker* and feed ers, $3.50'a9; cows, $4 15*48.80; calves. SB% 10. Kheep- Receipts, 1,000; market steady; lambs s4j 10.75; ewes, $3 20545.50. CINCINNATI. Dec. IS.— Hogs -Receipts, 4,200; market active; heavies arid mixed, $9.50; medium, lights and pig*. $9.75; roughs, $8; stags, $6.50.> CattleReceipt*. 250; market weak: calfres slow at sl4. Sheep and Intubs Receipts, 150; market steady; sheep, [email protected]; lambs, $0 5j12. CLEVELAND. Dec. 17 -Hogs-He ceipts, 4,500; market. s@lsc up: Yorkers, $9.40; mixed, $9.40; medium, $9.40; pigs, ?9.73; roughs. $7.75; stags, $6.60. Cattle Uerelnts. $3.50; market, slow, dull, sheep and iambs—Receipts. 1.000; market, 50 cents (loan; top, $11.50. faheg -Receipt*. 400; market, slow, dutg* top, sl4. EAST ST. LOUIS, lee. 18.—Cattle— Receipts. 250; market steady; native beef steers, #9(</! 10; yearling be. f st*ers nnd heifers. $9.50@11; cows, $6.50<rj!7.50; Stockers and feeders, $5.25*17; calves. SH)AO @11; canners and cutters, [email protected]. Hogs Receipts, 4.500; market, s<tsloc higher; mixed and butchers, $9.10*49.50; good heavies. [email protected]; rough beuvlea, $7.75Q5; light*. [email protected]. Sheep. Receipts. 1,000; market, nominal; ewes, lumiiS, $11.50to:12; eaunerß and cutters. $1.50@3. PITTSBURGH, Dec. 18 Cattle Re ceipts light; mirkot steady; choice, *l2 @12.50; good, $ 10,50® 11.50; fair, glOSgll; vrnl calves, $14.50® 16. Sheep and lambs Receipts fair: market slow; prime wethers *6@,6.25: good, $5®5.50; mixed fair, s4'q|4.so; spring lambs, [email protected]. Hogs —Receipts, 20 doubles: market lower; prime heavies, [email protected]; mediums, $lO @10.25; heavy yorkers. light yorkers and pigs. slo.lo® 10.25; roughs. sß@9; stags, s6@7. EAST BUFFALO, Dec 17.—Cattle —Receipts, 750; market, active and steady; shipping steers, $12.50© 13.50; butchers grades. [email protected]; cov.s, $2©7.50. Calves Receipts, 100; market, active and steady; culls, choice, ss© 16.50. Sheep a tel lambs—Receipts, 19.000; murket, slow and lower; choice lambs, $11.50© 12; culls, fair, s6© 1.0.76; yearlings, $8 ©9; sheep, $3©6.50, Hogs Receipts, 12,000; market, active and steady, 15c lower; yorkers, $9.H5@10; pigs, slo© 10.25; mixed, $9 60@9 75; heavies. $9.60® 9.75; roughs, $7.50®9; stags, SS.SO@7. *

Terse Market Notes

DALLAS, Texas, Dec. 18. Magnolia 1 Petroleum trustees, meeting here today, ! ordered the company’s $60,000,000 authorized capital stock increase, heretofore un- ! issued, paid to stockholders ns it 100 per <ent stock dividend on Dec, 28. The usuai quarterly eesh dividend of 1% per cent, plus a special additional cash dividend of half of 1 per cent was also ordered paid on Jan. 1, 1921, WASHINGTON, Dee. 18. —Retail food prices decreased during November, the , Bureau of Labor statistics announced fills afternoon. The cost, of twenty-two articles milking up the retail food index carried by the bureau, decreased 2% per cent as compared with the cost (Lying October, !t was announced. The report shows, however, that between November, 1919, and November, 1920. the increase in the cost of the twenty-two food articles was 1 per cent. WASHINGTON, Dec. 18. The Weather Bureau today issued the following forecast for next week: Ohio Valley and Tennessee—The Outlook is for generally fair and colder weather the coining week, but snow or rains is probable Tuesday and Wednesday. * . Region of Great Lakes -The outlook Is tor cold, upiettled neither aud local *now durirg tho coming waek.

INDIANA DAILY TIMES, SATURDAY, DECEMBER 18, 1920.

Local Stock Exchange

—Dec. 17— STOCKS. Bid. Ask. Indiana Rail. A Light, com. 60 Indiana Rail. & Light, pfd. 84 fudpls. A Nortbw-est, pfd 75 Indpls. & Southeastern, pfd, ... 75 Indpls. Street Railway 56 65 Terre Haute T. & L., pfd T. H. f I. A E. com 1% T H I A. E pfd 9 12 Union Trac, of Ind., com 1 Union Trac. of Ind., Ist pfd. ... 14 Union Trac. of Ind., 2d pfd. ... 2 Advance Rumely Cos., com 14% ... Advance Rumely Cos., pfa ... Amer. Central Life 283 Am. Creosoting Cos. pfd 80 Beit R. 11., com 62 70 Relt It. It . pfd 45 Century Bldg. Cos. pfd 94 Cities Service Cos com ... ... Cities Service Cos pfd Citizens Gas Cos 31 84 Dodge Alan. Cos., pfd 94% ... Home Brewing 55 ... Ind. Hotel, com 60 Ind. Hotel, pfd 90 Ind. National Life Ins. Cos.. 4% ... Ind. Title Guaranty 89 6)) Indiana Pipe Lluo Cos. 81 Indpls. Abattoir, pfd Indpis. Gas 43 50 Indpls. Tel. Cos, com f* ... Indpls. Tel. Cos. pfd 88 Mer. Pub. UtU. Cos., pfd 34 Natl. Motor Car Cos 5 It) Public Savings ins. Cos 2% ... Rnuh Fertilizer, pfd...,. 40 Standard Oil Cos. of lud 689 Sterling Fire Ins. Cos 8 Van Camp Hdw pfd 03 ... Van Camp Packing pfd 04 Van Camp Prods Ist pfd ... 93 Van Camp Prads 2d pfd .... 03 Vandalla Co4l Cos.- com 5 Vnndalia Coal Cos., pfd 10 Wabash Ry. Cos., pfd 19 Wabash Ry. Cos., com 7 BANKS AND TRUST COMPANIES. Aetna Trust Cos 104 Hankers Trust Cos US City Trust Cos S3 ~.. Commercial National Bank. 65 Continental National Bank. 112 125 Farmers Trust Cos TOO Fidelity Trust Cos 120 Fletcher Am. Natl. Lank 200 Fletcher Sav. & Trust Cos 163 Indiana National Bank 265 ind la n a Trust Cos 192 Lire Stock Exchange Bank Merc. National Bank 280 National City Bank )12 People's State Bauk 180 security Trust 120 State Saving* A Trust 93 Union Trust tro 340 Wash. Bank A Trust 150 BONDS. Broad Klppla 5s K) Indpls. St Ujr. 4a 59 65 Ind Coke A Gas Cw 84 Indian Creek Coal A Min. 6s. 95 Indpls., Col. A Son. 5s 88 Indpls. A Greenfield 5s 93 Indpls. A Martinsville 5s ... 55 Indpis. North 5s 41 45 Indpls. A North. 5s 49 66 Indpis. A S. E 45 ... Indpls.. Shelb & S. E. ss. 70 Indpls St Ry 4s 59 09 Indpls. Trac. A Term. sis,... 68 Kokomo, Marlon A V'eSL/oa. in) 84 T. 41., I. A E. Cs ' .... 46 Union Trac. of lud. tts 52 S3 Citizens Gas 5s 73 78% Ind. Hole! Cos. 2d 6s 90 Indpls Gas 5s 71 Indpls. Water 5 87% 92 Indpis. Water 5s 87% 92 Mer H. A 1,, ref be,...a S3 90 New Tnlephone lfc; 6s 94 New Telephone Long Ids. sis. 93% ... Southern Ind. Power t>e rXJ ... LIBERTY BONDS. ' Liberty first 3%s 89.64 Liberty first 4a Liberty second 4s 84 86 Liberty first 4%s N-SO Liberty second 4%s 85.00 Libeity third 4%s 87.. V) Liberty fourth 4%s 85.60 Victory 3%s 94.78 Victory 4%a 95.02 —HALES— S2SO Liberty fourth 4%s 85.70 $3,')00 Victory 4%* 95.12

On Conunission Row

TODAY ’8 PRICE*. Apple*—Missouri Jonathan*, per hbl., $9; fa t\c y Illinois Jonathan*, per bbl„ b; extra fancy Grime* Golden, per bbl, s6@9; extra fancy Wise Sap*, per hbl., $9; Bell Flower*, per not.. $6.50; Baldwins, per bbl., $6; Spy*, per bbl.. $0; Klnnard Bed, per bbl. JS®B; King*, per bill., $6; Wolf Itivera, per bbl., $5,50; None Kuch, per bbl, $5; Malden Blu*h, per bbl., $4.50; Greening*, per bbl., $6; ( Choice Jonathan* per hbl., $6. Almonds—Extra fancy grade* In *ll brand* per ib . 21 ©32c Bean* Michigan Navy, in bag*, per !b„ s%@'eColorado l*i:ito. In bag*, per Ib , 7@7%c; Black Eye*, in bags, per lb., h@9c; Red Kidne;#, in b*g. per lb , 12@13e; falifornl* Lima*, in bag*, per lb., s9@lo: California Rink ChlL, in bn**, per Ib , 7%'sfflc; Llntela, per lb , 12%c; dried pe*, green, per Ib., sHic: pllt yellow pea*, in Ob lb. bags, per lb.. 9c; split green peas, per lb., 10c; Marrow tut bean*, In bags, per lb , 12c. Beet*—Fancy home-grown, per ba , $l5O. Banana* Kxtm fancy high grade fruit. 50 to tide per bunch; per lb., $9. Cabbage Fancy Northern, per lb., 1% @l%e. Carrot*-— Fancy home-grown, per bu., $1.50481.65. Celery Fancy New York (in standard cratesi, s©7 do* ; per crate. $6 su; fancy New York trimmed, per bunch, $1.25® 135 Cocoa nuts—Fancy, per do*., fl.2S>; per bag of 100. $7.75. Cranberrlefi Fancy C. C. Howes, per bbl., $lB. per liu., $7. Cucumber*— Fancy Florida small, per do*., $2. Egg Plant—Fancy, par do*.. not quoted; last price, $2,50. Grapefruit— Mxtra fuury Florida (Blue Coots brand), 86a, per box. $5.26; 465. per box. $6; 111. 04a, 70s and 80a, per box, $6; fancy Florida*. 36*. per box. $4.26; 46*. $4.75; 54*. 64* and TO*. $4.75; Bfi*. $4.75. Lettuce- Fancy hotnouse leaf, per lb., 23c; In barrel lot*, per lb., 23c; fancy Cullfornia Icebergs, per crate, S4..VJ Oranges California, all grades, S3.VJ@6. Onion*—Fancy Indiana yellow or red, per 100-lb. bag*, $1.75; fancy Indiana white, per 100-lb. bag, $2.50; fancy Spanlah, por crate, $2.25. Parsley Not quoted. I'otntoea Fancy Michigan and Wisconsin round whites, per 150-lb. bag. $3; 5 or iO-lb. bag lots, per bag, $2.90; fancy Idaho Gem.-, per bag, $2.50. Radishes--Botton, large bunches, per do*., sl. Rw<e(. Potatoes Fancy Tennessee Nary Holla, per hamper, $2.30; fancy Eastern Jerseys, pet hamper, $3. Spinach—Fancy large bunches, per doz., Soc(tfsl. Turnips—Fancy washed, per bu., $1.25 @1.50. Mu.tard—Not <iuotd. Kale Fancy, per barrel, $2.25. Cauliflower—fancy California, per crate $2.40, Oyster Plant Not quoted. Leek- -Fancy, per doz., 25@30e. Hftge—Fancy, per doz., 45". Green Onions— Faney, per do*., 17%c. Tomatoes—Fancy ripe, per 6 lb. baaket sl.s(>; ripe, 6 basket crate, $7.50 Rutabagas—Fancy Canadian, per 50 lbs, $1; per 100 lbs, $1.75. Pepper*—Fancy, per small basket, 75c; per 1% bu crate, $(!. Kumquats—Fancy Florida, per qt, 25c. Tangerines—Extra fancy 100, l(S8s and 196* boxes, $4. Lemons—Extra fancy Callfornias, 300s, per box, $4. Grapes—Fancy California Emperors, drums, 31 lbs, $7; imported Spanish Malagas, per keg, sll@l2. Nut Meats—-Pecans, 3 lb cartoons, per lb, 90c; Walnuts, per lb, COc; Almonds, per lb. 55c; Filberts, per lb, 40c. English Walnuts—Fancy, per lb, 26 ©Sir. Pecans—Fancy, per lb, 25@i80e. Filberts—Naples, in bags, per lb, 2t@ 26c: Sicily, in bags, per lb, 20@23e. Brazils—Large, washed, in bags, per lb, 32c. Raisins —Fancy Spanish clusters, 20 pkgs to box, per box, 88.25 ; 5 1-lb pkgs to box, per box, $2.40. Hickory Nuts—Shelllmrks, per lb, 10c. Peanuts—Virginia Jumbo, salted, per lb, 18c; Jumbo blanched. In 10-lb cans, per lb, 32c. CHICAGO PRODUCTS MARKET. CHICAGO. Dec. 18.—Butter—Creamery extras, 51c; creamery firsts, 44c; firsts, 37©147c; seconds, 33@3flc. Eggs—Ordinaries, s!)@G3c; firsts, 67@38c. Clime— T|vina, 10%c. Live poultry—Fowls, 20® 25c; duck*, 2tk-; geeafl, 34c; spring chickens, 23%c; turkeys, 38c; rooster*, 13c. Potatoes— Recoipts, 15 cat*; Wisconsin ; and Minnesota, $1.55@1,60.

GRAIN MART IN UNSETTLED STATE Fractional Changes Marked the Entire Trading. CHICAGO, Dec. 18.—Fractional changes in grain quotations marked the trading on the Chicago Board of Trade today. The market was generally unsettled, with th general tendency toward lower levels. Provisions were irregularly lower. December wheat opened late, at $1.60%, oil %c and closed at that figure. March wheat was quoted at $1.65, up %e at the opening, but lost l%c at the close. May | wheat opened at $1.1)0 and closed off %c. December corn opened up %c at 70c an-! dosed off lc; May opened at 71%c, up %c and gained l%c at tbe close. July up %c at the opening at 72%c, and gained nil additional l%e at the close. December oats was quoted at 46%c, up %c at the opening and advanced %e later. May opened at 48%c, unchanged, and closed at that figure. July gained %e at the opening at 48%c and advanced another %c at the close. (By Thomson & McKinnon) —Dec. 17— Wheat—Foreign demand for wheat on a large scale has again been in evidence. Tile persistent demand in the face of the flattering news from Argentine ns to their harvest, impr-sses the trade considerably. Tills condition creates the thought the Southern Hem sphere outlook is not as bright as has been depicted. Another feature of importance is tlie fact that the demand extends to shipment as late as tl.e first of April. There is also a brief export business doing In rye. It Is unofficially stated that the stocks of flour at leading points are about half of those existing a year ago. This being so, we may expect competition from tbe millers for the -offerings of wheat which, by the way, are Intended if Ideas can be gathered from the fact that exporters aro bidding still higher ■premiums. The crop report ou fall-sown wheat is considered as Indicative of higher prices for the reason that the condition of the plant is slightly below an average. ror some time past ihe market lias been of a merchandising character, but wyi probably be subjected to a better Investment demand after the public m.ud *?. P'ove confident over the business condition. Corn—The consistent and imperative foreign demand for wheat and rve, likewise the appearance of foreign inquiries for corn have influenced the corn market- It can not be said that new demand nas broadened to any great extent but less Is heard of the surplus as estimated o.\ the Government. This market may not present individual strength, pending a better demand, but w believe will be held steady at bast, possibly higher, by the action of wheat. iiats-lhere 1* the same change of sentiment in the oat market as In other grains, jbut no tiroud trad*. / The ehanj> of Ideas Is expressed more by the with holding of selling than by the appear once of any important demand. Thoughts of low*- prlefts engendered by crop estimates seem to have bad full effect. I'rovlslous - Tha hog market has die Idsyad strength again today. This, toget her wit h the action of grains, stimulated products. Receipts cf hogs m " mem points show a considerable d''"•ginning t. bo neiieved that the receipts will continue to dec Una,

j 'CBtCAOO GRAIN TABLE. , WHEAT— Open. ll%a. Low. ( lose, i••• 169% 1.72 1.68% 1.69 , ’ >lr. ... I.US 1.65% 1 .to., |...3% icOKN— " X " l¥i U * I Uec 70 .70% .68% .GO Mar 73 .73% .71% 72% •July ... .72% .74’* .72% .73% Oats— Dec 46 % .46% .46% ,46% May ... .43 .49% .48% .48% iS % •Jan. 22.40 LARD—i Jan. ... 13.40 13.42 13.40 13 07 May 13.70 13 23 13.32 SRIBS— Jan. ... 11.42 11 42 11.20 11.20 May ... 12.03 12.05 11 80 11.82 •Nominal THIIAOO CASH GRAIN CHICAGO, Pec. I* Wheat -No. 2 hard winter, $1.76%; No, 3 northern spring. II 75. Corn No. 3 mixed. t?%O •ijJ': No 3 white, No 3 vel low. 73c; No 4 mixed, 6.\%4|67%c; '.No. 4 yellow. TO®Tie <‘a t - N 2 white . 4K049-.-; No. 2 white, 47%*i ;sc; No 4 white, 47 %c. TOLEDO CASH GRAIN. Toledo, i'ci-. ts. c| tli ,. wheat x Cash a))d December, *2.3; March and May, $2. Corn No. 2 vellow ti.pii Me; (M*t) 9e. oats- No. 2 white, 32053 c. Ryo Not quoted. Baricy- No 2, 80 ' Clovcrsccd Cash. 1919. $12.05: 1920 and December. sl2 13; February, $12.45; March. sl2 40. Timothy Cash 1918 $3 43; December, $3.53; January. $3 57%: March, $3.6)* Alsike sash, new, $ 1 d..V); old, $16.50; March, sl7; December, *l6. I-HIMAKV MAHKKTS. (By Thomson A McKinnon.) f -Dee. 18^ Wheat. Corn. Oats. • hleago 26.t>x> lfn.<a 152 00.) Milwaukee ... 7,00a ct .m> ?o<w> Minneapolis . nu.oni IV* <.<> 35000 Duluth 152.000 19*4) St Louis 156,0.10 44,0(K1 1)12 041 Detroit 6.)>0 5,00) rj'ooo Ivansas City. 39*1.0X) sf.yqo 13,000 I'eorU 7.00) (VMM) 22000 Omaha 77.<xi o;.<sx* 84*x) Indianapolis r.rxx) ra.txx) 38,009 Totals 1,209.1X4) fit 1,480 441 000 Year ago.,. 774.tsM* BU.OW) IID.tKW Shipments Wheat. Corn. Oat*. 1 Chicago 43.000 108,OOi) M.'XX) Mlwaukce .. 7,<XX) Jo.tXs) ?K<xVi Mlnueapolla . 208(XS> 58,0(4> llfl.iXX) Duluth 7.000 .... HI. 1.4)1 Is 130.000 17j)X>> IS.fMO Toledo 3,000 i.ixa) 8,030 Kansas City. 16S),0x> 16,000 11/SX) Pef.ria Il.ix))) 47.004) 49,<x>0 oniuha 4i).(4x) is.inxi 16.000 iudiuuapolls 53,(XX) 24,000 Totals tP29.O)X) ;t3 )XX) 42A6F0 Year ago... 537,(Xk) 486,000 476,000 - Clenram es Doiii. w. Corn. Oats. New York ... tIS.OOO 1 Fhltadelphla.. 242.000 Baltimore .... 266.000 New Orleans. 120, (XX) Totals 748,000 Year ago... 36,060

INDIANAPOLIS CASH GRAIN. ©ee. is Bids for car lot* of grain and hay at Ibe call of the Indianapolis Board of Ttade were: Wheat No “alee: , Corn—Steady: No. 3 white, 72®73%e; No. 1 while, w%@7o)<2r: N*>. C yallow. 77@T9c; No. 4 yellow, 73@75e: No. 3 mixed, 60@71c; No. 4 mixed, 68@70c. (>ats—Steady; No. 2 white, 50$’i@T>l%C; No. 3 white, 503*50)©’. Hay Weak: No. I timothy [email protected]; No. 2 timothy, [email protected]; No. 1 light clover mixed, .'524@ 24.50; No. 1 clover hay, $24.50© 25. ■ Inspections Wheat No. 3 red, 1 oar; No, 4 red, 2 cars; total, 3 cars. Corn—No. 3 white, 4 cars; No, 4 white, 5 cars; No. 1 yellow. 1 car; No. 3 yellow, 2 cars; No. ♦ yellow’, 10 earns; No. 5 yellow, 6 oars; No. 6 yellow, 4 cars; No. 4 mixed, 3 cars; No. 5 mixed, 2 cars; No. 6 mixed, 1 cor; eftr, 2 cats; total, 40 cars. Oats—No, 1 white, I ear; No. 2 white, 9 cars; No. 4 white, 1 car total. 11 cars. Hay- No. 1 timothy, 3 oars: No. 2 timothy, 1 car; No. 1 light clover mixed, I car; total, 6 car*. HOARD OF TRADE HTATEMENT. The weekly statement oi the Indianapolis Board of Trade, showing the output pf flour by local mills, inspections for the week and stock in store, follows: COM FA RAT 1V K ST ATE M E NT. Output of Flour- Bbls. Dec. 18, 1020 7.080 Dec. 11. 1020 S.OTd Dec. 20, 1919 34.468 Dec. 21. 1018 5 973 —Busheis— Inspections for Week 1919 1920 Wheat 14.000 3.009 Corn 508.000 258,000 Oats 190,000 60.000 Rye 4.000 1.400 Hay—ls cars. *TOCK IN STORE. Wheat. Corn. Oats. Rye, Dec. 10, 1920. .104.010 538,900 335.520 1,000 Dec. 20, 19X9. .467.090 381,380 103,070 11.800 Dec. 21, 1918. .297.850 402 100 250,060 22,200 MAG ON WUK AT Plt ICES. Indlanapoii* flour mills and elevator* today are paying $1.90 Tor No. 1 redwhentf $lB3 for No. 2 led wheat and sl,B* for No. 3 rod.

In the Cotton Markets

NEW YORK, Dec. IS.—A renewal of Southern hedge selling caused heaviness at the opening of the cotton market today. A decline of 6 to 15 points in first prices was followed by further losses so that at the end of the first twenty minutes the market was about 13 to 17 points lower on active positions. To some extent, bearish weekly statistics operated against new buying and there was continued apprehension over outside conditions. Advices from the South again denoted a pool - demand for the spot article. NEW YORK —Cotton opening: December. 15.23 c bid; January, 15.88 c; March, 15.25 c; May, 15.30 c; July, 15.37 c. The market was weak toward the close Under liberal offerings. The final tone was barely steady with prices showing net losses of 10@28 points. • 0 LIVERPOOL, Dee. 17.— Spot cotton in limited request. Prices were irregular. Sales ran close to 4.000 bales. American rntds. 15.58d; good mids, 12.83d; full mills, 12.08(1; middlings, 10.58)1; low mids, 7.31d; good ordinary, 5.0f1d; ordinary, B.Bld. Futures were steady.

Weather

The following table show** the state of the weather at 7 a. m., Dec. 18, as observed by U. S. weather bureaus: Station. Bar. Temp. Weather Indianapolis, Ind.. 30.01 21 I’tt’ldy Amarillo, Tex 29.88 28 PtCidy Bismarck, N. D. ... 80.30 2 Clear Boston, Mass 29.38 30 Clear Cbb-ago, 111 29.98 20v PtCidy Cincinnati, O. .... 30.04 26 1 Cloudy Cleveland. 0 29.88 24 Snow Denver. Colo 29.94 30 Cloudy I lodge City, Kan... 30.01 26 Snow Helena, Mont 29.98 30 Cloudy Jacksonville, Fla.. 30.14 42 Clear Kansas City, Mo. 30.18 22 Clear Louisville, Ky 30.12 24 Clear Little Rock, Ark. . 30.14 34 Clear Los Angeles, Cal. . 30.02 50 Cloudy Mobile, Ala *. 30.14 +0 Clear New Orleans, La. . 30.14 46 Cloudy New York. N. Y. .. 29.70 26 Clear Norfolk, Va 29 94 30 Clear tlklahomu City ... 30.04 3*l Cloudy Omaha, Neb. ...... 30.18 13 Clear I'biladelpbla, Pa. . 29.78 30 Clear Pittsburgh, Pa. ... 29.0 26 Cloudy Portland, Ore 29.78 40 Clear Rapid City, 8. D... 3<).lrt 14 Snow Roseburg, Ore. ... 29.76 46 Clear San Antonio. Tex. . 29.98 34 Cloudy San Francisco, Cal. 29.94 48 Rain St. Louis, Mo 30.12 26 PtCidy St. Paul, Minn. ... 30.0S 6 Cloudy Tamps, Fla $0.14 50 C[e ar Washington, D. C. 29.88 32 Clear WEATHER CONDITIONS. Light snow ha occurred In Northeastern sections and In the upper Missouri Valley since k rldaj- morning, and another rainstorm has overspread the middle and northern Pacific coast region, elsewhere throughout the country the weather has been fair. It Is colder, as a rule, east of a line from the middle Gulf coast to Saskatchewan, and somewhat warmer to tbe westward. Headings In North Dakota anti the northern Red River Valley are a little below sera. J. it. VRMINGTON. Meteorologist. Weather Bureau. WHOLESALE PROHUCR. Eggs Freeh. loos off, 06c. Poultry Fowls, 192t24‘.-; springers, 23c; cocks, lie; old tom turkeys, 35c; young lorn turkeys, 12 lbs and up, 35c; >ou~g hen turkeys,-S lbs and up, 40c; cull, thin turkeys not wanted; ducks, 4 lbs and up, 25c; ducks, under 4 lbs, 20c; geese, 10 lbs and up, 20c; squabs, 11 lbs to dor, 6: guineas, 2-lb size, per dot, $6. lUbt its Drawn, per dot, $2.25 Butter- Buyers are paying P-®49c for creamery butter delivered at Indianapolis ltuttorfat Buyers are paying 45<|4flc for cream delivered at Indianapolis. WHOLESALE FEED PRICE*. Too sacks. Cwt. Acme Brand *4.00 $2.15 Acme Feed 42.00 2 J 5 Acme middlings 46.00 2.85 Acute Dairy Feed 52.30 2.63 E / Dairy Feed 42.50 2.16 Acme H Jk XI 40.75 2.10 Acme stock feed 85.50 1 80 Cr< ked corn 40 00 205 An. c hick 80.00 2.53 Ai me Scratch 47.00 2.40 E Z Sorateb it 06 2. Acme dry tnasu 52.00 265 A clue hog feed 00.50 2.63 il .mlik yellow 40.W) 2.05 Rolled barley 47.00 2.40 Alfalfa Mol 46.00 2.35 Lot ton seed meal 4K.110 2.43 s.inseed oil meal 61 00 8.10 GBAINB. Miciled corn, small 10t5... .90 Shelled corn, large lots .Y.. .44) htulied corn, 2-bu. suck 94 Oats, 3-bu. sack 62 Oats, large bulk .) .st> CORN MEAL AND FLOI R. Corn meal, cwt., nut $2.25 E-Z Bake, bakers’ flour. 98 lb. sack. 10.86

DIRECT AID FOR • PRODUCERS SEEN Present Congress Expected to Pass Legislation. WASHINGTON, Dec, 18.—Emergency legislation granting relief to producer* of the. country who have great surplus *t> ks and no markets for theta appeared today to have a good chance of paeatng this nesslon. Agreement of the Hou*a Ways and Means Committee nnd the Senate Finance Committee members that such legislation should be presented without delay was tßken as indicative of the sentiment of both parties In the two houses Though the Senate cointi ittec members prefer an absolute cm bargo ngnim© importation of certain commodities a;; the surest and speediest way of granting the relief needed, a concc*con in form may be made in the Hoti* by having the bill provide for prohibitive tariff rates on the commodities to be protected instead of putting an absolute (tnbargo on them. In either ease members of both the Mouse and Senate committee said the effect would be.to shut out of the United States such articles ns the legislation covered. This, the theory is, would ere ate a domestic market for surplus stocks of wool, wheat, beans, potatoes, livestock and meats. With foreign cooperation in these commodities eliminated-'for -a year. Ameritan producers would get a chance to sell the stocks and crop*.

20 ARE INDICTED BY GRAND JURY (Continued From Page One.) Her nnd Nellie Prados, charged with robbery; Norman Kennedy, Issuing a fraudulent check; William Bashard. burglary; Joe McComb, Albert Harris and Albert Munden, robbery and grand larceny ; Edward Carver, receiving stolon goods; Henry Barr, burglary and grand larceny (two indictments). Mod of these indictments was the second stop in n campaign of the grand jury to bring to trial a gang of thieves who have been operating in this city for the last, two months, it is said. Archie Young, n negro, was sentencedhv Judge Collins to serve forty days in jail and fined SIOO on a charge of operating a gaming house, nnd George Abrams, a negro, was fined $25 and sentenced to ten days in jail on a sfluillar charge. A number of negroes who ***** fined $5 and costs in City Court, on charges of visiting a gaming house, and vyho hud appealed to Criminal Court, fitsmisned (heir appeals nnd the defendants wore remanded to the custody of the City Court until the fines are paid. The case of Harry Lee, known a* ’ Goosie.” a prominent Republican politician nnd bondsman of men arrested on charges of gaming, was continued until Thursday & Criminal Court.

WOULD HAVE ALL TEACHERS U. S. CITIZENS (Continued From Page On*.) a bill providing for correspondence in vocational work. That tha bill relatihg to teacher’s pension funds will be the cause of much debate was* indicated by the discussion which the subject brought forth at tbe •meeting today. Questions of whom shun participate in the benefits of the fund; length of service required before eligible to the fund; lngth of tpne which shall be allowed to teachers entering Indiana from aisher States, and inclusion of teachers in benevolent and correctional institutions of the State In the pension fund, all were debated by the teachers. Several teachers engaged in work at tha State institutions, appeared before the teachers itod rquestd that they be included in the benefits of the pension fund. A motion made by Miss Belle O’Hair of Indianapolis to include these teachers, was carried by unanimous vote. “SEND MONEY' WHERE CHILDREN ARE’’ A 20-ceiit levy was advocated by the committee on State aid for all schools, which would be apportioned as follows: Ten per cent to a relief fund, teachers' pay, erection of new buildings and transportation in cases of poor school districts. The other 90 per cent would be apportioned, one-third to school attendance, one-third to number of teachers and one-third to adequacy of local support. The committee reported that present methods of providing aid for schools is antiquated aud is entirely inadequate. The system of today, the report stated, offers a premium for keeping children out of school, since the less number of children who attend school the more money to provide facilities for thpse who are attending. “Tax tha property where it is and send the money where the children are,’’ the committee requestd. The committee ou coynty schools, ia its report, recommended a bill which would provide assistants for county superintendents, who would receive the same amount of pay as the teachers in his respective county. Pay for teachers while attending institutes was alar, recommended by the county school committee.

IGO DA YS’ TERM SET AS MINIMUM In anticipation of the enactment of rural school legislation by the General Assembly file report of the committee oq legislation of the Indiana Schoolmen's Flub, setting forth the principal corrective measures needed In country schools, was today indorsed by the organization, which is in session at the Claypool Hotel. Benjamin J. Burris, assistant secretary to the State Board of Education and chairman of the rural school survey commission, which recently completed an eighteen months' Investigation of existing conditions throughout the State, read the report The need of extending the number of days in rural school calendars was emphasized. A minimum term of 100 days, or eight months, is recommended by the club to be adopted by the Legislature. SOME TERMS AS SHORT A8 93 DAYS. It is pointed out that in some cases the terms tire ns short as ninety-five days, as contrasted with terms of tnore than 2CO days in some city schools Frank Wallace, sviperln Undent of the Futnam Oouuty schools and member of the executive committee, who presided at this mornings meeting, stated that it was a.most Impossible to prepare rural pupils to qualify with city pupils at high school entrance, because the total period of elameutary education in rural school* Is two and two-thirds years less than that of the city elementary schools. Because dUoase Is prevalent in country schools the club recommends to the Legislature that a law be enacted making medical school examinations compulsory. Defective teeth, eyes and touslls are mentioned in the report. That every rural school be equipped with a minimum amount of supplies of essential standard equipment, and that to be designated by the State Board of Education, Is another measure which the club will recommend to the Legislature. It Is said that in tome rural schools not a single tnap or reference hook could be found, while supplies !u the majority cf schoals cotered by the investigation were not sufficient to instruct the pupils 'efficiently. SUPERINTENDENTS’ QUALIFICATIONS.

The qualification* of the county super- | intentirnt would be raised, a recoin men - j dation provides and applicants for the position must have been graduated from an accepted college, university normal school and must have least lire years’ successful teaching experience. The salary for such a person would be minimized to i'J.QCO a year, with a maximum amount sufficient to attract all worthy persons, the maximum* to be designated by the Legislature. Tile report, provides for adequate office | assistants to the county superintendent and traveling expenses when necessary. Two Competent supervisors of sufficient training, qualifications and experience, to be determined by the State board of education, would be designated to assist th<* county superintendent and rural elementary school inspector* also would be provided, according to the recommendations. Provisions also are made for raising the compulsory age limit from 16 to 18 years, and require the pupil to be graduated from the eighth grade, instead of the sixth. PROVISION FOR SCHOOL FUND. A 20-cnt State-wide tax levy Is recommended, 10 per cent of which would be used as a relief fund, to be expended locally for the benefit of teachers, building program and transportation of pupils. The school fund so provided would be distributed on the following basis: Onethird on aggregate attendance, one-third on the number of teachers employed, and one-third on adequacy of local support. The distribution is arranged to take care of the present diffeulty arising out of the fact that in some schools twenty pupils are under the one teacher,

Announcement We are pleased to Hnnounee that we have estabJished in our offices a telegraph wire with direct connection between New York, Chicago, Boston, Philadelphia, Cincinnati and Milwaukee, which ivit! enable us to hand'e more promptly our business in Liberty Boni’fs and either general market investment securities. A V > Fletcher American Company Indianapolis

while in others one teacher has charge of as high as sixty pupils. Qualifications for the beginning teacher in rural schools would be rinsed, according to the recommeridations. Applicants must have had, after Jan. 1, 1923, at least a commissioned high school education end other training. At a luncheon at 12:15 o’clock at the Claypool Hotel the commute on a coordinated legislative program made its report, and in the afternoon’s session a discussion was held on the subject of proposed changes in tbo organisation of the State -department of the State Board of Education, following a committee report by Dr. W. A. Millis. The discussion was conducted by Supt. T. F. Kttzgibbon of the Muncle, city schools and Dr. W. E. Stone, president of Purdue University. — . j Marriage Licenses Roliin Lowe. Evansville, Ind 24 Sadie Whitaker, 125 E. St. Joe 23 Frank Vincent, Anderson, Ind 25 Callie Deem, R. R. “p” 21 Ora Conner, Munole, Ind.. 33 Edna Bell, Muncle, Ind 34 Tloscoe Holding, 840 N. Park 28 Mattie Rumill, 34 W. North 33 Frank K4sensto< k. 1934 Bellefentaice.. ill i Sadie Simon, 041 Russell 22 ! Charlie Worth, 229 Christian.. 34 Pearl Edwards, 10 N. Temple St Nols Siersdale, 1110 Newman 2) Ruth Glickert, 42 E. Regent 18 : Clifford Hickman, 124 Sahm 21 J Ciela Bass, 124 Sahm 21 John Scott, 527 W. Sixteenth 18 Viola Norris, 531 Drake 17 \ Richard Broderick, 3127 W. Wash 33 Hazel Haine, 3001 W. Washington.... 26 | Hallard Payne, Acton, Ind $0 Ruth Fleeuer, Acton. Ind 22 | Alfred I.aqemann, 1901 N. Delaware... T 5 May Bowman, 2005 N. Alabama...... 30 Harry Walker, 1091 River 21 Mattie Caviness, 1145 River 15 Earl Powell, 101- W. Monroe 27 ■Mary Natie.v, SI4 E. Twenty-Fourth.. 27 Janies Hawkins, 7'.:1 X. New Jersey... 43 J Scii>a Chandler, 514 W. Vinton.*.... 38Willlam H. Cfcenwoeth, Ft. Ben. Har.. 3• Sylvia Kinsley, 282 S. Illinois 21 Paul Keirn, Y. M. C. A S4 Eva Jacobs, 1368 St. Clair..... JG

Births Le Roy and Sylvia Katley, 430 Irvins place, boy. John and Julia West. 407 Smith, boy. Andrew and Mabel Hutton, 1335 Udell, boy. Fred and Addie Sweeney, 1330 Silver, girl. Leonard and Mattie Pryor, 824 River, girl. Roy and Nina Hartman. St. Vincent'* Hospital, boy. Bennie and Lulu Lockett, 1506 Laurel, girl. George and Villa Officer, 1509 Asbury, boy. Walter and Mamie Jines, 924 Concord, boy. Eli and Violet Lucas, 702 Haugh. girl. Alfred and Atba Weimer, 221 Spring, boy. llqbert and Irene Callis, 217 E. North, girl. George and Goldie Lesmin, 1014 Bate*, boy. George and Frances Cheshire, 1302 Fletcher, boy. Garvin and Margaret Mlies, 13337 B. Pershing, girl. .l imes and Myrtle Young, 2f9 N. Sheffield, girl. Deaths Thomas Twyuian. 51, 1029 N. Traub, mitral insufficiency. Harriet MeOonsgan, 74, 135 S. Ritter, cerebral apoplexy. Eiicse Baliwear. 86, 1417 S. Meridian, broncho pneumonia. Sarah E McClain, 71. 1131 Lexington, cerebral hemorrhage. Ella Iliser Nesbitt, 03. 1418 Park, diabetes neuritis. John M. Srhearer, 68. 2357 Broadway, ca'cihotna. Lucia A. Hull, S7, 737 Congress, hypostatic pneumonia. Martha Gallr atli, 2, 1621 Cornell, slm"ple meningitis. Monroe. Olden. 20, 10-11 Belmont, pulmonary tuberculosis. WHOLESALE REEF PRICES. The following are today’s wholesale market prices for beef cuts as fold by the Indianapolis markets (quotations by Swift & Cos.): ltlt, s _Xo. 2,35 c; No. .3.20 c. Loins— No. 2,22 e; No. 3,17 c. Rounds—No. 3, 24c; No. 3,17 c. Chucks—No, 2,16 c: No. 3,12 c. Plates—No. 2. 14c; No. 3,12 c. LOCAL HIDE MARKET. Green Hides—No. 1, Cc: No. 2, sc. Green Calves—No. 1, Sc: No. 2, 6%c. Horsohldes —No. I. $4; No. 2, $3. Cared Hldea —No. 1. Sc; No. 2. 7e. HAY MARKET. Tbe following are the Indianapolis prices lor hay by the wagon load : Hay- Loose timothy. new, s2iWj29; mixed Uav. i:ew. s.’6@2B; haled, $264j28, / Oats —Bushel, new, 50@53c. Corn —New. 75Q80C per bushel.

PRINCIPLES of PROFITABLE t/ INVESMENT j This book tel's you 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 ir.onev should earn. It is an invaluable handbook on investing, and it is fascinatingly interesting- > Ask Us for This Book—lt’s Free I.et us send you a complimentary copy of “Principles of Profitable Investment.’’ Write vs 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 & CO. Investment Bankers 137 So. LaSylle Si, Chicago

American Telephone & Telegraph Cos. A dividend of Two Dollars per share, will be paid on Saturday, Jan. 15, 1921, to stockholders of record at the close of business on Monday, Dec. 26, 1990. G. D. MILNE. Treasurer.

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