Indianapolis Times, Volume 33, Number 211, Indianapolis, Marion County, 12 January 1921 — Page 10

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STOCK MARKET TONE WEAK Declines Hit Many Issues in Initial Hour. NEW YORK, Jan. 12.—Mixed conditions in the stock loan market, including the disappearance of the Premier on Crucible Steel and the large supply of Mexican Petroleum were reflected in a renewal of aggressive hear operations in the stock market at the opening today, when room traders ofTered stocks at concessions and outside gelling of the same character helped along declines in the first fifteen minutes of trading. There was no indication of a suppjv of long stocks, however, at the lower levels established, the demand continuing good end the reaction was chiefly importint in permitting continued accumulation of stocks bv Interests that have been identified with the upward movement since the last week of the old year. Crucible Steel started with a gain of one point to 107 and then droppe.l to 102%. and Mexican Petroleum fell 2% points to 156%. . . Republic Steel made an opening gain of 1% point to 70%. which was lost in the next few minutes. Baldwin sold down 7s of a point to *)l%. and Bethlehem Steel lost 1% points to 59%. Railroad stocks were without a nearby demand and also were lower. .Steel common yielded 'a of a point to 83% Speculative interest was diverted to the railroad group during the forenoon, those issues being in brisk demand at advancing prices. Reading rose nearly 2 points to 85%. and Southern Pacific was steady, both moving up 1 point to 100%. Crucible Steel was under pressure, falling to 10174Baldwin, after advancing to 92%, dropped to 91*4. The ot's were fairly well held after early declines ißy Thomson * McKinnon.) —Jan. 12— The market has become ratner sensational in its recovery, nioTing forward with a rapidity that was surprising to the market's friends as well as opponents. . . Naturally, the individual issues that have been oversold have been the principal beneficiaries in the advance. During the early part of the session, there was a moderate amount of profittaking by longs, giving the market a reactionary appearance, but the continuation of the covering movement in Crucible encouraged general buying throughout the list. The buying was no longer of the same character that we have been favored with during the past few weeks. Heretofore commission house* representing the public have been taking stocks out of the market, wh.ie during the last couple of days the buying had every earmark of professionalism. Fundamentally, we see no important change in conditions General business should show gradual improvement though there is nothing rtn immediate return to the activity J* iat have been accustomed to during the last few years.^rt ai n a favorable opinion of the market for ultimate results, but at the present time we feel that some reaction is in order.

twenty .stocks average. NEW YORK, Jan. 12.—Twenty industrial stocks averaged 70.15. up .H pe r cent. Twenty active rails averaged .6.J9. down .34 per cent. (REARING HOUSE STATEMENT. NEW YORK. Jan. 12.—Exchanges, 5707.0C9.C56; balances, $59,828,531; Federal Reserve bank credit balances, $40,856,605. Money and Exchange Indianapolis bank clearings today were $3,579,000, against $3,614,000 a week ago. NEW YORK, Jan. 12— Foreign exchange quotations continued firm at the opening today. Sterling, $3..-%: lire, 035.1; francs. .0616; marks, .0145; Canadian dollars, J 1775; Danl-h kronen, .1707. NEW YORK CALL MONEY. NEW YORK. Jan. 11.—Money—Call monev ruled 7 per cent; high, 7 per cent; low, 6 per cent. Time rates, steady, all 774 per cent. Time mercantile paper steady. Sterling exchange was steady, *dth business in bankers' bills at $3.)4% fojk demand. ( MOTOR SECURITIES. , (By Thomson Sc McKinnon.) / —Jan. 11— . —Opening— Bid. Ask. Briscoe 17 19 Chalmers com 1 174 Packard com 9*4 10% Packard pfd 72 74 Chevrolet 180 400 Peerless 17 22 Ootit 1 ental Motors c0m..... 6% 774 Continental Motors pfd 90 95 Hupp com 1274 12-14 Hupp pfd 90 95 Reo Motor Car IS% 19 Elgin Motors 3*4 474 Grant Motor* 1% 2 Ford of Canada 215 225 United Motors 35 65 National Motors 6 Federal Truck 16 20 Paige Motors 13 15 Republic Truck IS 20 ACTIVE OIL STOCKS. (By Thomson & McKinnon.) —Jan. 12— OpeningBid. Ask. Anglo--American Oil 2014 21 Atlantic Refining 109) 10S0 Rome-Scrymser 390 410 Buckeye Pipe Line 86 90 Olieselirough Mfg. Cons 175 190 Chesebrough Mfg. Cons., pfd. 102 103 Continental Oil, Colorado.!. 110 114 Cosden Oil and Gas 6 674 Crescent I’ipe I/lne 30 34 Cumberland Pipe Line 125 135 Elk Basin Pete 874 8% Eureka Pipe Line 102 106 Galena-Signal Oil, pfd., new. 93 9S Galena-Signal Oil. com 50 52 Illinois Pipe Line 164 168 Indiana Pipe Line 85 SS Merritt Oil .' 1274 13 Midwest Oil 1 174 Midwest Rfg 144 146 National Transit 26 28 New York Transit 160 165 Northern Pipe Line 96 100 -v Ohio Oil 233 287 PVna.-Mex 35 37 Prairie Oil and Gas 480 499 Prairie Pipe Line 198 203 Sapulpa Ref g 5 574 Solar Refining 375 385 Southern Pipe Line 112 115 South Penn. Oil 250 255 Southwest Penn Pipe Lines. 70 74 Standard Oil Cos. of Cal 315 320 Standard Oil Cos. of 1nd.... 73 74 Standard Oil of Kan 575 600 Standard Oil Cos. of Ky 415 430 Standard Oil Cos. of Neb.... 390 410 Standard Oil Cos. of N. Y.... 345 350 Standard Oil Cos. of Ohio 385 400 Swan A Finch 35 50 Union Tank Line 112 115 Vacuum Oil 295 305 Washington OU 30 , 35

NEW YORK CURB. —Jan. 11— —Closing— Bid. Ask. Curtis Aero, com 2 4 Curtis Aero, pfd 9 Texas Chief 7 12 First National Copper .... % 1 Goldfield Con 6 8 Havana Tobacco 1% 2 Havana Tobacco, pfd ?. 8 Cont. Teresa 3% 5 Jumbo Extension 5 7 Inter. Petroleum 1714 17% Nlpisslng 7% 7% Indian Pkg 3% 3% ltoyal Faking Powder 107 112 Royal Baking Powder, pfd. 78 82 Standard Motors 714 9 Salt Creel; 03 27 Tonopah Extension 1% 114 United P. S., now 114 jt; V. S. Light and Heat 1 \y. C. 8. Light and Heat, pfd. 1 iu Wright-Matin 4 5^ World Film 1-18 3 t Yukon Gold Min* Cos 1 jqz Jerome 14 % New Cornelia 15 17 Cwted Verd* 25 28 Omar Oil 2% g Mep. Tire , 114 1%

N. Y. Stock Prices

—Jan. 11— Prev. High. Low. Close, close. Adv-Rum. com.. 19% 19 1974 19 Ajax Rubber... 3974 37 37 39 Ailis-Chaltners.. 35% 3474 35 34% Am. Agricultur. 64 63% 64 6674 Am. Beet Sugar 47% 46% 47% 47 Am. Bosch Mag. 57 56% 56% 56% Am Car A Fdy.126% 125 125 12674 Am. CnriT 29% 27% 28 27% Am. H. & L com 11 10% 11 10% Am. 11. &L. pf. 5374 51 52% 51% Am. Drug 87* 774 $74 8 Am. inter. Cor. 49% 4574 487s 46% Am. Linseed... 55% 5474 64% 55 Am. Locomotive 8674 8474 8-5% 8674 Am. Srnei & Rf. .'9% 30 3974 39% Am. Sugar Ref. 9574 93% 95 9374 Am. Sum. 'fob. 82 7974 6674 8074 Am Steel Fdry. 31 74 31 3 ! 31 Am. T. A Tel. 9974 99% 99% 99% Am. Tobacco.. .120 110% 120 117 Am. Woolen... 71% 0974 7074 70% Anaconda Min. 35% 38 35% 38 Atchison 81% 83% 84 84% Atl. G A W. I. 74 65% 71 67 Baldwin Loco. 9174 91 % 92% 9174 B. A 0 3774 36% 36% 3774 Beth. Steel 8.. 6374 5974 617* 60 Brok. Rap. Trs. 1174 11% 1174 U% Can. Pao. Ity.. 11974 118% 118% 11S% Central Leather 41% 40% 40% 40% Chandler Mot.. 72% 70% 71 71% C. A 0 61% 69% 60% 62 C., M A St. P. 30% 30 30 29% C„ M.&St.P.pfd. 1674 45% 4574 45% Chic. A Norwest 71 69 71 09 C„ R. I. A Pac. 28% 27% 27% 277* C.,R.I.&P.6Ctpf. 6374 62% 63% 6274 C..R.1.AP.79f pf. 75 7374 '374 74 Chill Copper... 11% 1174 H% H% Chino Copper... 22% 22 2274 21% Coca Cola 24% 24 24 22% Colo. F. & 1.... 30% 80 30 30 Columbia Gas .. 58% 5874 5874 59% Colum Graph .. 12% 12 12% 12% Consol Gas .... 81 81 SI 80% Con Can 61 60 60 60 Con Candy Cos.. 4% 4% 4% 4% Corn Prods .... 72% 70*4 71% 71% Crucible 5tee1...107 08 106 96% C. A. Sugar 28% 28 28% 28% DA K G pfd... 2% 2*4. 2% 2% Erie 14% 1174 14% 14% Erie Ist nfd.... 21% 21 21*4 21*4 Famous Players 54% 53 54 54% Fisk Rubber Cos 15% 14% 15 14% Gen Asphalt ... 59 54 5774 55% Gen Cigars .... 6171 60 61*4 59 Gen Elec 122% 121% 122** 122 Gen Motors .... 1674 16 16*4 16 Goodrich 437s 43 43 43 Gt North pfd... 7S 77 7774 77% Gt North Ore... 2974 29% 29% 29% Gulf St. Steel.. 34% 34 34 337$ Houston 0i1.... 72% 70% 7074 71% Illinois Cen 88*4 8874 88% 8874 Inspir Copper . 36% 35*4 35% 30 Inter Corp 4% 47* 474 4% Inter Harvester. 96% 95*4 96** 96 Inter Nickel 15% 15** 15% 15% Inter Paper ... 66 54*4 54 % 55 Invin Oil 24*4 28% 23% 2374 K C South .... 20% 19% 197* 20% Kel-Spg Tire .. 49% 48*4 48*4 47% Kennecott Cop.. 20% 20% 20% 20% Lackn Steel .... 58% 56% 57% 56 Lehigh Valley.. 55% 54% 54% 54% Loews Inc 18 17% 17% 17% L A N 103% 103% 103% 103 Marine com 17% 14% 16% 15 Marine pfd 63% 57% 61% 58 Max. Mot. com. 6% 6*4 6% 5% Mex. Petrol 162 158% 159 159% Miami Copper.. 19 19 19 18% Mifldie St. Oil. 14% 14 14 14% Midvale Steel.. 3274 32*4 32% 3274 M. K. A T.... 2% 2% 2% 2% Mis. Pac. Ry.. 20% 19*4 1974 20% Nat. Lead 73 73 73 71% Nev. Con. Cop. 11*4 10% 10% 10% N. Y. Air Bk.. 80 79% SO 79% N. Y. Central.. 74 73V* 73% 73 New Haven 21% 20% 21 20% North. Pac 86 84*4 *4% 85% Ok. P. A Rf. Cos. 3% 3% 3% 3% Pacific Oil 27% 37 37% 37:* Pan-Am. Petrol 78% 75% 7< : % 77% Penna. Ry 41% 41% 41% 41*4 People's Gas... 36 35*4 36 36 Pierce-Arrow .. 27% 26% 27 26*4 Pierce Oil Cos.. 11% 11% 11% 11% Pittsburg Coal. 59% 59*4 59% 50% Pressed St. Car 88 86% 86% 88 Pull. Pal. Car.loß 107% 107% 107 Pure Oil 3574 35% 35% 35% Ray Copper.... 13% 13% 13% 13% Itekding 85 8374 837* 84% Rep. Iron A St. 71% 68 69 68% Replogle Steel.. 39 36 % 38% 36% Roy. D. of N. Y. 60*4 67 % 68 S‘* Sears Roebuck. 92 88% 90 91*4 Sinclair 25% 24% 24% 25*4 S-S S. A 1 56 54 % 58 52% So. Pacific 10O*i 99% 99% 100*4 S. Railway 23% 22% 22% 23 Stand. Oil N. J. 162% 162% 162% 162 St.L A 8 F.com 23% 23 23 23% Strom Carl).... 41% 39% 39*4 41*4 Studebaker 7>C% 54% 55% 5474 Tenn. Copper... 874 87* 8% 8% Texas Cos 45 43*4 44*4 44% Texas A Pacific 21*4 19% 20% 19% Tob. Prods 367s 55% 56 56% Trans. Oil 12 11 11 11*4 Union Oil 24 23% 23% 23% Union Pacific .121% 120% 121*4 122_ U. R. Stores 57% 58** 56% 5674 U.B.F Prod Corp 24% 24 24 24% United F. C0...206 206 206 203% U.B.lndus. Alco. 71% 69% 70% 70 US. Rubber.... 70% 68% 70 70 US. Steel 84% 83 83% 83% U.S. Steel pfd..109% 109*4 109% 109 Utah Copper.... 56 54*4 55% 54% Van. Steel 41 37*4 39 % 3674 Vir-Car. Chem.. 42% 41*4 41% 39% Wabash 8% S% 8% 8% Wab. Ist pfd... 23 22% 22% 22% West. Electric.. 45*4 14% 44% 45% White Motors.. 40% 39% 4040 W-Overl-nd .... 9 8% 8% 874 Wilson A C 0.... 46 46 46 45

NEW YORK LIBERTY' BONDS. —Jan. 11— Prev. High. Low. Close. Close. Liberty 314s .... 92.46 92.10 92.20 92.26 Liberty Ist 4s 87.50 87.30 Liberty 2d 45... 87 00 86.70 86.96 87 00 Libertv Ist 414*. 87.89 87 50 87.34 87.32 Liberty 2d 4145.. 87.1S 86 80 80.06 87.00 Lioertv 3d 414*.. 90.48 90.24 90 34 99.31 Libertv 4th 414*. 87 70 87.20 87.34 87.36 Victory 3%s 97.00 96 96 97 00 0*3.98 Victory 4%s 97.04 9096 97.01 07 02 In the Cotton Market NEW YORK. .Tan. 12.—The cotton market was without much feature at the opening today. First prices were unchanged to 8 points higher. Liverpool, Wall street and commission bouses were the buyers and the South was among the leading at llers. Cables were poor, some of the private messages mentioning unsatisfactory messages from Manchester., About ten notices were Issued this morning. After the start there was an increase of selling pressure which forced prices off about 13@14 points under the previous close. Now Y'ork cotton opening: January, 16 9t)c; March, 13.05 c; May, 13.80 c; July. $10c; October, 16.92 c; December, 15.93 c, bid. LIVERPOOL, Jan. 12.—Spot cotton was quiet, with prices easier and sales around 4,000 bales. Good middling, 12.20d; full middlings, ll.lSd; middlings. 10.27d; low middlings, 8.62d; good ordinary, 7.02d; ordinary, 6.27d. Futures were easier. CHICAGO STOCKS. (By Thomson & McKinnon.) —Jan. 11— Open. High. Low. Close. Csrhi and Carbo. B*2 52% 51% 52 Libby 12% IS 12% 12% Muni.-Ward .... 1 1% 19 19 Nat. leather... 9% 914 914 9% S-Roebuck 01% 9114 88% 89% Swift & Cos 105 Swift Inter 29% 29% 29 29 K- Motors 20% 21% 20% 21% Piggly Wiggly. 17 17 16% 16% WHOLESALE FEED PRICES. Ton. Cwt. Acme feed $38.00 $1.95 Acme middlings 42.00 2.13 Acme dairy feed 36.23 2.35 E-Z dairy feed 37.00 1.90 Acme H. fc M 43.50 2.26 Acme stock feed 32.30 1.65 Cracked com 36.30 1.83 Acme chick feed 43.25 2.50 Acme scratch 41.23 2.10 E-Z scratch 37.00 1.9 u Acme dray mash 48.50 2.43 Acme hog feed 47.00 2.40 Homlik yellow 36.50 1.83 Rolled barley 43.50 2.20 Alfalfa mol .. 4, 43.00 2.20 Cottonseed meal 39.00 2.00 Linseed oil meal 31.00 2.60 Acme chick mash 51 00 2.60 FLOI'R AND CORN MEAL. Corn meal, 100-lb. bag $ 2.05 E-Z Bake baker's Hour In 08-lb. bag 10.5.3 , WAGON WHEAT PRICES. InjJHnapolis flour mills and elevators today are paying $1.85 for No. 1 red wheat, SI.S2 for No. 2 wheat and $1.79 foe No. a I*4.

SWINE PRICES 50 CENTS HIGHER Cattle Market Slow, Steady to 25 Cents Lower. RANGE OF HOG PRICES. Good Good Good Jan. Mixed. Heavy. Light. 6. $9,254* 9.50 SB.7E@ 9.25 slo.ooiff 19.50 7. 9.50 G? 19.00 9.25 @ 9.50 10.00 ® 10.50 8. 10.25 7$ 10.50 10.00 [email protected] 10. 9.50@ 9.75 9.00@ 9.50 [email protected] 11. 9.25@ 9.50 8.75 @ 9.00 9.50(g) 9.75 12. 9.50® 9.75 9.00® 9.25 9.75®10.00 There was a firm tone to the hog market at the opening of the local live stock exchange today, with prices generally 25c higher. The receipts for the day was fairly heavy at close to 18,14)0 fresh nogs and approximately 2.000 left over from the Tuesday market, but this was offset by faLrly light receipts at Chicago and higher prices there. Both the shippers with eastern orders and local packers were active in the market. A conservative estimate was that about S.OOO of the 20.000 hogs on the market would be shipped, while about that nuiulier would be taken by local concerns. Klngan .& Cos. took close to 7,000 hogs. Good light hogs generally sold at s9.io @lO. with no reports of any higher sales during the early hour*. Heavy hogs generally brought s3.—)® 9 50, and mediums and mixed, $9.75@10. Pigs sold at $9.50 and down, and roughs at S7.SO®S The bulk of sales ran $9.25®10 Trade on the cattle market was fairly active, with close to 1,200 cattle on the market but most of the packers were bidding 25c lower on some cattle of nil grades. Generally, the market was slow, steady to 25c lower. There was a steady tone to the cair market, with prices steady and receipts close to 600 calves. Thera were a few odd sales at $15.50, with the bulk of the choice calves at $14©15 and the good $13®14. Mediums generally brought $lO Heavy and light calves were about steady. With close to 130 sheep and lambs on the market prices were generally steady with the close of the Tuesday market. Sheep generally brought sl@3 and lambs SSQ9. The high top of $lO on lambs paid on the Tuesday market was due to a talrly large number of Western lambs There were no good sheep and lambs on the market today.

HOGS, Best light hogs, 100 to 200 lbs average 9.<5(tJ10.00 200 to 300 lbs 9.00@ 9.25 Over 300 lbs 7.50® 7.75 Sows "50@ 8.00 Best pigs, under 140 lbs 9.25® 9.75 Bulk of sales [email protected] CATTLE. Prime cornfed steers, 1,030 lbs. and up 8.50® 9.75 Good to choice steers, 1,200 to 1.300 lbs S.so@ 9.50 Good to choice steers, 1,100 to 1.200 lbs 7.25® 9.00 Medium steers, 1,000 to .1,100 lbs 7.00® 8.00 Common to medium steers, 800 to 1,000 lbs 6.00® 7.00 —Heifers and Cows — Good to choice heifers. 7.00® 9 00 Medium heifers 5.00® 6.75 Common to medium heifers.. 4.00® 5.25 Good to choice cows 5.00® 0.56 Fair to medium cows 4.00® 5.2.) Cutters i'lj? Cauners 2.75® 3.23 —Bull* — Good to choice butcher bulls 5.00® 7.00 Bologna bulls 4 50® 5.50 Light common bulls o.oo' • 7.00 Choice veals }5 ®®®l3.fio Good veals 13.00®14.50 LaiiY'&V'*!’.::::::::::: s§■ *BB 5:8 —Stockers and Feeders — Good to choice steers. 800 lbs Good to choice steers, under 800 lbs 7.00 H 8.00 Medium cows 4.50® ® Good rows Good heifers 0.50® . Medium to good heifers mjXffoJoo Good milkers Stock calves, 250 to 450 lbs... 5.00® 8.00 SHEEP AND LAMBS. Good to choice sheep Z Fair to common v. 2.00® 2.A1 Cull sheep I.oo® LOO —Lambs — Common to choice yearlings.. 5.00® 6.00 Spring lambs B.UO® 9.00

Other Live Stock

CHICAGO, Jan. 12.—Hogs—Receipts, 26,000; market 10c to 15c up: bulk, $9 10 ft 1 9 35 • butchers, [email protected]: packers. $8.25© 8.75; lights, [email protected]; pigs. $6.25*119.50; roughs, [email protected]. Cattle Receipts. 8.800; market 25c lower; beeves, $7.40(9.12.33; but here, ss® 10: runners mid cutters, $3 <05.73; Stockers nail feeders. ss@9: cows, $4.00® 6.511; calves, $106:12. Sheep—Receipts, 13,000- market 23c up; lambs, sß© 12; ewes, sl.is@6. CINCINNATI, Jan. 11. Hogs—Re celpts, 7,njo; market, 50® 75c lower; heavy hogs, [email protected]>; mediums, $9.75; light's and pigs. $10: roughs, $7.75; stags, $6. Cattle—Receipts, 600; market, slow, steady: bulls, steady; calves, $15.50. Sheep acd lambs - Receipts, 300; market, steady to 50c lower; sheep, sl® 5; lambs, s6© 12. CLEVELAND, Jan. 12.—Hogs—Receipts, 4,000; market, strong; yorkers, $9.85® 10; mixed, $9.83; medium, $9; pigs, $9 85(gl(): roughs, $7.50; stags, $6. Cattie—Receipts, 500; market, slow. Sheep and lambs—Receipts. 1.000; market, steady; top, $11.25. Calves—Receipts. 300; market, slow; top, sl7. EAST ST. LOUIS, Jan. 12. -Cattle - Receipts, 3.500; market, steady; native beef steer?, $lO 75(811.23; yearling beef steers and heifers, $10.50(811; cotvs, s7®. ■8.30; stocleers and feeders. $8(89; calves, tit.7s® 12.50; fanners and i-utters, $3.30 @4.73. Hogs—Receipts, 22.000: market, 256540 c higher; mixed and butchers, $9.35 @9.60; good heavies, [email protected]; rough heavies, s7so® 7.7 5; lights, *9.50©.i., 1. pigs, $9.50(89 75; bulk of sales, $9.33(89.00. Sheep—Receipts, 2,600; market, steady; ewes, $4(84.5 ; Inmbs. $11.50®1i.75; cauuers and choppers, $1.50(83.50. EAST BUFFALO, Jan. 12.—CattleReceipts, 200; market, fairly active; Rhlpping steers. $9.50(810.30; butchers grades, $7 30649.25; cotvs, $2.50(07.50. Calves—Receipts, 500; market, slow, 50c lower; culls, choice, sfl@l6. Sheep and lambs —Receipts, 3,800; market, adtlve and steHdy, 25c higher; choice lamb-, $11.30(0,12; culls, fair. $6.50® 11; yearlings, $9(010; sheep, [email protected]. Hogs—Receipts, 4.800; market, active and steady, 25e higher; yorkers, [email protected]: pig s . [email protected]; mixed, $973(010; heavies $9 75(010; roughs, $7(08; stags, $5.5068 6.50. PITTSBURGH, Jan. 12.—Cattle—Receipts. light; market steady; choice, $lO <010.25: good, $9.50<89.75; fair, $8.25@9; veal calves, $16(016.50. Sheep and lambs- Receipts, fair, market steady; prime wethers, $6(36.30; good, $5(85.50; mixed fair. $4(04.75; spring lambs, $11.50 6/12.25 Hogs—Receipts, 45 doubles; market higher; prime heavies, $9.40® 9.50; mediums, $10.25® 10.60; heavy yorkers. [email protected]; light yorkers, $lO 25® 10.56; pigs, [email protected]; roughs, $7.756/ 8.25; stags, $6(00.50. INDIANAPOLIS PRODUCE. Eggs—Fresh, loss oft. 57c. Poultry—Fowls, 21@26c; spriugerg, 25c; cocks, 17c; stags, 17c; old tom turkeys, 35c; young tom turkeys, 12 lbs and up, 40c; capons, 7 lbs aud up 33c; young ben turkeys, 8 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 doz, 47: guineas, 2-lb size, per doz, $6. Rabbits—Drawn, per dozen, $2.50. Butter —Buyers are paying 51®52c for creamery butter delivered at Indianapolis. Butterfat —Buyers are paying 46® 48c tor cream delivered at Indianapolis. CHICAGO PRODUCE. CHICAGO. Jan. 12.—Butter —Creamery, extras, 49%e; creamery, first. 47c; firsts. 37(047e; seconds. 34@?-9c. Eggs—Ordinaries, 57©62c; firsts, tiTc Cheese—Twins. 23%e; young Americas, 26%c. Live poultry—Fowls, 29®,30c; duck*. 31c; geese. 2€c; spring chickens, 20c; turkeys, 42c; roosters, 20c. Potatoes—Receipts. 32 cars; Wisconsin and Minnesota, $1.25© 1.50. INDIANAPOLIS HIDE MARKET. Green Hide* —No. 1,6 c; No. 2, sc. Green calves —No. 1, Sc; No. 2, o%c. Horse hides —No. 1, $4; No. 2, $3. Cured hides—No. 1,8 c; No. 2. 7c.

jllnuiaNA DAILY TIMES, WEDNESDAY, JANUARY 12, 1921.

SHARP UPTURNS IN GRAIN PRICES Opening Weak, Due to Lack of Buying Power. CHICAGO, Jan. 12. —After a weak opening grain quotations turned sharply upward in trading on the Chicago Board os Trade today. The weak opening was due to lack of buying power. Trade was small. I.ater, however, considerable buying came from commission houses strengthening the market. Provisions were irregularly higher. March wheat opened off *4c at $1.78, but regained 2*4c before the close. May wheat opened unchanged at $1.69, gaining lc later. .liny corn opened nt 74%c, unchanged, advancing subsequently. July wheat opened at 75%e, unchanged, gaining %c before the close. May oats opeued at 48%c, up *4c, losing %c later. July opened unchanged at 47%c, and held that figure. (By Thomson & McKinnon.) —Jan. 12Wheat—The British commission showed as a liberal buyer of wheat over night and there were also reports of 800.000 bushel* of rye taken for export. The removal of hedges by the purchases of probnbly two million bushels of March wheat showed the probable size of the export trade. An advance of 3 cents per bushel followed with a reactionary close. The winter wheat country was reported as offering wheat liberally on the advance while advices from the Northwest were of small offerings. Argentine prices were higher because of no government decision about the sur-tax. Business in Argentine wheat is almoßt at a standstill until this decision is out when we expect liberal selling of that wheat whatever the decision may be. The statistical situation 1b still very strong and we expect March wheat to be a purchase yet on any fairly good recessions. The early report of export business in rye was an error. Corn —Receipts were again large and weather very fuvorable for the movement The selling disposition was had in character, by the strength in wheat. There was a little export business but of unimportant quantity. Adequate supplies for any demand are assured. The market will not stand up under any weakness in wheat. Oats—Oat* were very quiet with hardly any change. One Illinois elevator concern makes statement that there are liberal quantities of oats in country houses which will be moving shortly. We expect ultimately lower prices for the May. Provisions This market developed strength on very light offerings and in the face of further weakness in hogs. There seems no special reason for making any purchases of products Just now.

CHICAGO GRAIN TABLE. —Jan. 12— WHEAT— Open. High. Low. Close. Mar. 1.78 1.82% 1.76% 1.82** May ... 1.69 1.74 1.67** 1.73 CORN— May ... .74% .75% .74% .is*s July ... .75% .76% .75 .76% OATS— May ... .48% .49 .48% .48% July 47% .48*4 -47% .48% P Jan ... 24 75 24.80 24.75 24.30 May ... 24.50 24.50 24.45 24.45 LARD— Jan. ... 13.25 13.35 13.25 13.25 May ... 14.00 14.10 14.00 14.02 K Jan. ... 12.05 12.12 12.05 12.10 May ... 12.85 12.87 12.80 12.80 CHICAGO CASH GRAIN. CHICAGO, Jan. 12 Wheat No. 3 red, $2.08; No. 3 hard winter, $192. N<>. t northern spring, $1.97® 198. Corn No. 2 white 71%c; No. 3 white, 09@00%e; No. 4 white. 00@07V*c; No 3 yellow. 60%@ 71%c; No. 4 yellow, 60%@07*c. Oats No 1 white. 47**0; No. 2 white, 4%@4H0; No. 3 white, 45%®46%c; No. 4 white, 44%C. TOLEDO CASH GRAIN'. TOLEDO, Jan. 12 —Close: WheatCash. $2.05; March, $2.02; Mar, $2. Corn —No. 2 vellow, 76c. Oats--No 2, CO%@ 51 %o. Rye—No. 2, $1.63. Barley No. 2, 80c. Clover seed —Cash (1919), $12.85; cash (1920*, January *'d February. sl3; March, $13.05; April, $11.65 Timothy - Cash (1918. $3.35; (1919). $3.45; January. $3.51%; February and March, $3 55. Alsike- Cash (new), $16.25; (old). $16.50; March, $10.50. PRIMARY MARKETS. (By Thomson A McKinnon.) - Jan. 11— Wheat Corn. 4'at* Chicago 27,000 1,099,000 379.000 Milwaukee .. 8 000 54 000 34,000 Minneapolis... 232.000 46,000 51.000 Duluth 71.(00 11,000 fct Louis 166.000 91,000 10t*.0<ii Toledo 4,00(1 15,000 18,0000 Detroit 12,000 14 000 8 (VK) Kansas City. 243,000 36,000 36,000 Peoria 2.000 74,000 26,000 Kansas City.. 213.000 300)0 3000) Peoria 2,000 74,000 25,000 Omaha 68,0(10 42,000 Ih.(SS) Indianapolis... 5.000 88.000 11.000 Totals 828.000 1.55 J Oa) (WD.UOj Year ago.. 951003 982.000 870.000 Shipments Wheat. Corn. Data Chicago 86,000 289,900 216.000 Milwaukee .. 3,000 75.000 21,000 Minneapolis.. 137,000 4,000 57,000 Duluth 26,000 gt. Lols 126,000 80.000 40,000 Toledo 3,000 8,000 Kansas City. 217,000 45.000 27,000 Peoria 36,000 7.000 Omaha l. 40,000 41,000 20.000 Indianapolis 34,000 4,000 Totals C 34.000 610.000 430,000 Year ago... 480,000 432.000 6,13.000 —Clearances— Dom W. Corn. Oats. New York... 202,000 Totals 402.000 Year ago... 243,000 INDIANA POLIO CASH GRAIN. —Jan. 12— Bids for car lots of grain arid hay at the ••)*’ of the Indianapolis Board of Trade were: ttwi., .0 sales. Corn—Firm: No. 4 white. 67®68c; No. 5 white, 04®65c; No. 3 yellow, 73®74c; No. 4 yellow, 71@72%c: No. 5 yellow. 07%@68c; No. 4 mixed, 66®67%c; No. 5 mixed, 65®66%c. Oats —Easier; No. 2 white, 48%@49%e; No. 3 white, 47%@48%c. llay—Steady; No. 1 timothy, $25.50® 26; No. 2 timothy, $24.50@25; No. 1 light clover mixed. $23.50®24; No. 1 clover hay, [email protected]. —lnspections Wheat—No. 3 red. 1 car; No. 4 red, 1 car; No, 5 red, 1 car; No. 1 hard, 1 car; No. 1 dark northern spring, 3 cars; total, 7 cars Corn —No. 4 white, 3 cars; No. 5 white, 1 car; No. 3 yellow, 2 cars: No. 4 yel low, 7 cars; No. 5 yellow, 10 cars; sample yellow, 1 car; No. 4 mixed, 2 cars; No. 5 mixed, 3 cars; No. 6 mixed, 1 car; total, 30 cars. Oats—No. 1 white, 1 car; No. 2 white, 14 cars; No. 3 white, 1 car; No. 4 white. 1 car; sample white, 1 car; No. 2 red, 1 car; total, 19 curs. Rye—No. 2, 1 ear. Hay—No. 1 timothy, 1 car; standard timothy 1 car; No. 2 timothy, 1 car; No. 2 clover mixed, 1 car; total, 4 cars.

HAY MARKET. The following are the Indianapolis prices for hay by the wagon load: Hay—Loose timothy, new, $24@26; mixed hay, new, $22@24; baled, $24(020. Uuts —Bushel, new, 50@52c. Corn —New, 70@75c per bushel. CLEVELAND PRODUCE. CLEVELAND, Jan. 12.—Butter, in tub lots. 66%@57c; prints. 57%@58c; extra firsts. 55%c; firsts, 54%@35c; seconds, 50@31c; packing. li>@l4c; fancy fair, 30 @333c. Eggs—Fresh gatherer, Northern extra, firsts, 68c; Ohio firsts (new cases), 67c; firsts (old cases), 66c; Western firsts (new cases), 65©66c; refrigerator extras, 626; refrigerator firsts. 60c. Poultry Live heavy fowls, 32@33c; light stock, 25c; roosters, 21c ; spring ducks, 38@40c ; turkeys, 45@50e; geese. 35@37c. NEW YORK METAL MARKET. NEW YORK, Jan. 11.—-Copper—Quiet; spot, January, February and March offered. 13%c. Load—Firm ; spot, January and February, 4.90 c. bid. Spelter—Easy; spot, January, February, March and April offered 6.65 c, WHOLESALE BEEF PRICES. The following are today's wholesale market prices for beef cuts, as sold by the ludlanapollß markets (quoted by Swift & Cos.): Rib*—No. 2,35 c; No. 3,25 c. Loins —No. 2. 25c; No. 3,20 c. Hounds—No 12, 24c; No. 8,20 e. Chucks —No. P eS, 14c; No. 3,12 c. Pistes —No. 2,18 c; No. 3, lie.

Local Stock Exchange

—Jan. 12— STOCKS. Bid. A'lr. Ind. Rail. & Light Cos. com. 60 Ind. Rail & Light Cos. pfd... 84 86 T. H. T. & Light Cos., pfd.. 64 .- Indpls. & Northwestern pfd. ... 75 Indpls. & Southeastern, ptd 75 Indpls. St. Ry 54 60 T. H. T. & Light Cos. pfd... 64% ... T. H., I. & E„ com 1% T. H., I. & E., pfd 9 12 Union Trae. of Ind., con. 1 Union True, of Ind., Ist pfd. ... 14 Union Trac. of Ind., 2d pfd. ... 2 Advance-Itumely com Ain. CTeosot. Cos. pfd 89% ... American Central Life 235 Am. Creosoting Cos. pfd 89 Belt R. R. coin 62*4 66% Belt K. K. pfd 45 Citizens Gas Cos 29% 34% Century Bldg, pfd 88% ... City Service com ... City Service pfd Dodge Mfg. pfd 90% ... Home Brewing ~ !B Indiana Hotel com 64 Indiana Hotel pfd 89 lud. Natl. Life. Ins. C 0.... 4*4 ••• Indiana Title Guaranty .... 59 71 Indpls. Abattoir pfd 42% ... Indpls. Gas 43% 47% Indpls Telephone Cos., com. 5 Indpls. Telephone Cos., pfd. 88 Mer. Bub. Util. Cos. pfd 38 National Motors 3% 7 Pub. Savings Ins. Cos 2% ... sterling Fire Insur. C 0.... 7% ... It.iuh Fertilizer pfd 44 Standard Oil of Ind 69 74 Van Camp Hdw. pfd 90 Van Cutnp Pack, pfd 93 100 Van Camp Prods. Ist pfd.. 92 101 Van Camp Prods. 2d pfd.... 92 101 Vandalia Coal Cos. com 5 Vandaiia Coal Cos. pfd 10 Wabash It. It. pfd 22 Wabash it. It. com 7% ... BANKS AND TRUST COMPANIES. Aetna Trust Cos 102% ... Bankers Trust Cos 118 ... Commercial Natl. Bank 65 ... Continental Natl. City Trust Cos 85 ... Farmers Trust Cos 200 l idelity Trust Cos 120 Fletcher Am. Nat. Bank 256 Fletcher Sav. <fc Trust C 0... 160 Ind. National Bunk 265 285 Ind. Trust Cos 176 192 Live Stock Exchange Bank. 383 Merchants National Bank.. 280 National City Bank 110 ... People’s State Bank 187 ... Security Trust Cos 120 ... The State Sav. A Trust Cos.. 90 94 Union Trust Cos 340 370 Washington Bank A Trust... 150 BONDS. Broad Ripple 5s 60 ... Citizens Street Killroad 5s . CU 76 Ind. Coke and G.<s 6s*. ••• Indian Ck. Coal A Min. 65... 92 ... Indpls Col A Southern 88 Indpls. A .Martinsville 5s .... 51 Indpls. A North. 5s 40 47 Indpls. A X. W. 5s 50 57 lnilpls, A S. E. 5s 45 lmlpls., Shelby. & S. E. ss. 70 Indpls. Street Rail. 4s 59 65 Indpls. Trac. A Ter. 6s 69 Kokomo. Marlon A W. 55.. 78 HI Terre Haute, lmlpls. A E 50 ... Union Trac. of Ind. 5s 51% 56 Citizens Gas 5s 72 78 Ind. Hotel Cos. 2d 6s 90 Indpls. Gas 5a 71 80 Indpls. Light A Heat 5s .... 72 80 Indpls. Water 5 87% 91 Indpls. Water 4%s 70% 75% Mer. H. A L. pfd 5s 85 Dm New Telephone Ist 6s 9-1 ... New Telephone Long Dls ss. 93% ... Southern Ind Power 6* ... LIBERT V BOND)*. Liberty first 3%a 92.10 92.00 Liberty first 4s 87.30 Liberty second 4s *6.70 Liberty first 4%s sr 28 87.60 Liberty second 4%s *6.70 87.00 Liberty third 4t*s 90.00 90.24 Liberty fourth 4%s 87.00 87.26 Victory 3%s 96.96 97.16 Victory 4%s 90.90 97.16

On Commission Row

TODAY'S I* RICI Apples-Missouri Jou.uuaua. per bbl., $9; fancy Illinois JonuUlun*. per obi., ss; extra fancy (.rimes Golden, per bol., I0©9; extra tansy Wine Saps, per bbl.. Beil Mowers, per ntn.. $6.5(1; Baldwins, per bbl., $3.50: Suys. per bbl.. $6; Home Beauty, per bid. $; Kiunard Red, : per bbl., SC; Kings, per bbl., $6; Wolf Rivers, per bbl., $0; None Such, per bbl. $5; .Malden Blush, per bbl., $4.30; Greeu- ; Inga, per bbl., $3 30; choice Jonathans, per bbl.. Ml Beans—Michigan Nary, In bags, per lh v ' 4%@3c; Colorado I'lntos, in bags, per I lb., 6@7c; Black Eyes, in bags, per lb., B©Vc: Red Kidneys, in bags, per lb. l.@Uc; California Limas, in bags, per : ll„ 9@loc: California I'luk Chill, in bags, per lb, 7%©6c; Yellow Eyes, per lb., 12c; dried peas, green, per lb., 9c; split yellow peas, in tij-lb. bags, per lb., ioc; split green peas, per In., 10c; Marrow Ist beans, in bags, per lb, 12c. Beets —Fancy tome-grown, per bu , $l5O. Bananas Extra fancy high-grade fruit. G(J@COc per bunch; per 11/., Bc. Cabbage— Fancy Northern, per lb.. 2c. Carrots —Fancy home-grown, per bu., SI.OO. Celery—Fancy New York (2-3 cratei, 4-7/ doz., $3.50; per crate, $6; fancy New York trimmed, per bunch. $1 1 Cocoa nuts Fancy, per doz., $1.13; per bag of 100. $7.23. Cranberries —Fancy C. C. Howes, per 'bbl., $17.50; per bu , SB. Grapefruit—Extru fancy Florida (Blue Goose brand), 465, per box, $3.75; 545, 645, 70s and 80s, per box, $6- fancy Florida*, 30*. per box. $4.23; 46a, $4.75@2>; 7)45, 64s and 70s, $5; 80s, $3. Lettuce —Fancy hotnouse *eaf. per lb., 25c; In barrel lots, per lb.. 23c; fancy California Icebergs, per crate, $5 Oranges—Culuorma, ali grades, $3.50© i 6 23. Onions—Fancy Indiuna yellow or red per 100-lb. liags $1.15; fancy Indiana white, per 100-in bag, $2; per bu, $1.25; fancy bpuniah, per crate, *2.25. l’arsiey—Fancy large Bikes, per doz., SI.OO. I’otatoea—Fancy Michigan and Wisconsin round whites, per 130-lb. bag, $2.85; 5 or 10-lb. bag lots, par bag, $2.75; fancy Idaho Gem a, per bag, $2.50. Radishes —Button, large bunches, per doz , $1; Long Red, per doz., 40c. Sweet Potatoes—Fancy Eastern Jerseys, per hamper, $3. Spinach—Fancy, per large crate, $3. Turnips—Fancy washed, per bu., $1.25 @1.40. Kale —Fancy, per barrel, $2.23. Cauliflower—Fancy California. per cruto, $2.75. Oytter i’iant—Fancy, per do*., 50c. Leek—Fancy, per doz., 33c. Sage—Fancy, per doz . 43c. Rutabagas—Fancy Canadian, per 60 lbs. *1; per 100 lbs, $1.75. Peppers—Fancy, per small basket, 75c. Ivumquuts--Fancy Florida, per qt., 23c. Tangerine*—Extra fancy 106s, 168s boxes, $3.75; 1965, box. $3. Lemons—Extra fancy California*, 300s per box. $4.60. Hunters Kill Bear With Pocket Knife BANGOR, Maine, Jan. 12.—With a small pocket knife and club apiece, George Ncovill and Lewis Hunt of Luboc, who arc in the lumber woods at Marion, killed a bear. The two men hail gone out to the camp mnl box, about two miles distant, after dark. 011 their return they came face to face with the bear, which showed a disposition to fight. It was pitch dark, but the men succeeded in finding clubs by the roadside and, with the aid of their pocket knives they attacked the animal on two sides at once. Their clothes were torn and they were bleeding at the finish. Fox Trot and Shimmey Harmful to Students WESTON, Mass., Jan. 12.—The fox trot and shimmy are threatening the health of the students of the public ' schools in Weston, declared Dr. F. Van Nuys, school physician, in a statement. "That dancing takes the place of tennis and baseball in the winter months is ruinous to the health of these children," added the doctor. "Instead of being strong and well as they aro in September, by the time March comes the effects of lack of sleep aud of too much dancing are very apparent In their work and looks.”

GRIFFITH SEES REBORN MOVIE AND $5 SEATS Believes One Candle Power Star Will Be Dimmed in Better Films. BIG VENTURES PAYING , . ; Everybody Trying Hand on Movie Baby MAMARONECK, N. Y., Jan. 12. “The movie business may still be regarded as an infant industry and, like any other popular baby, everybody is trying to have something to do with bringing it up, David Wark ; Griffith said today. "Os the one hundred six million j people in the United States, it is safe j to say that practically all are inter- j ested in the films in some way, either j watching them, censoring them, or j trying to write or act them. And j some times it seems that the three 1 latter classifications outnumber the first.” \ / MAMARONECK, N. Y., Jan. 12—The entire movie industry is in the process of a thorough reorganization which will place it on the strongest basis It has ever known, from the rtandpoint of both the producer and the public, David Wark i Griffith declared In an Interview today, j According to the famous producer, the j apparent slump In The motion picture business is due to three factors: First, complete readjustment affecting every one from the. high salaried stars 10 the unskilled laborers employed about the “lot." .Second, manufacture of bigger pictures, to run several wee.ks, replacing the “one- 1 night slands,' and hus producing more films with smaller personnel and less mechanical outlay. Third, creation of a surplus of picproduction that resulted from the war. Griffith emphasized that there had been no appreciable falling off in attendance at movie theaters and That increased cost of production had been ! more than offet by greater receipts. Comparing his latest big picture with "The Birth of a Nation.,” which he produced five years ago, he presented records to show the following: The best week of the older film in j New York showed receipts of $13,800, ! compared with $21,376 for bis latest pic- I tore; in Bittsburgb, Pa., $l6,O(Xi, com-I pared with $21,040, and in Chicago, $lB,- j 000, compared with $22,343. $3,300,000 FROM SINGLE PICTURE. "One picture alone has had a gross Income of $3,500,000," Griffith said. “I j happen to know that Douglas Fairbanks ; made more money on his last film than : any other and that Charley CSaplln s ; who Is supposed to have lost on his last | venture, really made $800,000.” Griffith was asked what he thought 1 about reports that the "one candle power j movie star’’ is on the wane. "I cannot qualify as an expert on rellu- ; loid astronomy because l never went in j for It." he replied. "But I do know that \ with the ranid improvement of the qual- I ity of motion pictures the individuality ! of the actor is becoming submerged, ns j in the case of the greatest stage productions, and 1 can apply Shakespeare's words to the films: ‘The play's the thing.' "Os course there are a few real film stars whose personality never could be dimmed. I refer to Chaplin, Fairbanks, Mary Bickford, Charles Ray, Lillian Gish, Norma Talmndge and Xazimovn. "In the past it has been the custom of some producers to seize upon some curly haired boy or big eyed ingenue and feature them to death Just because j they were good to look at. Naturally ' there will always be some demand for j that type of pictures—the matinee idol \ has never wholly lost his popularity Discriminating people, however, are demanding well written, produced anil acted pictures, regardless of whether the cast is as full of stars as the Milky Way "I predict that within ten years, possibly half that time, people wLI be paying $5 each to see one motion picture ■ running two and a half hours, as they ; do now for the best stage plays. The smaller pictures will occupy a position : analogous to vaudeville. "The period of readjustment probably \ wiii be governed somewhat by the fact j that producers now like to have six or j eight months elapse between manufae- | ture and showing of their pictures, to ! allow far proper distribution and adver- : Using. The present so-called slump may j not be obviated before next summer or i fall. But to illustrate the confidence that real financiers have in the future of the Industry, I may say that a group of Mg men is planning to spend $2,250,- j 000 in making one picture, the book rights a.one to cost SOOO,OOO. "It is superfluous for me to say that some of the reputed salaries of movie stardom are purely legendary. It is true that many actors are still making | exorbitant demands—and are being i turned down." Griffith concluded by saying that from | now on American producers must expect serious competition from foreign concerns. Marriage Licenses Carl Bailey, Frankfort, Ind 25 Josephine Thompson, Hendricks C 0... 23 Vernon Tudor, Clayton, Ind 20 Myrtle Ross, 420 N. Delaware st 39 John Hinton, 2248 Yandes st 17 llortense Webb, 2304 Cushing st 17 John Page, 938 S. Capitol av 36 Edna Bossermnn, 48 Eastern av 29 Albert Black. 1503 Samoa st 28 I Alfonso Mitchell, oil Leon st 18 I Births Raymond and Beulah Trent, Deaconess Hospital, boy. Winifred and Mamie Yaryan, 1527 E, Washington, girl. Robert and Marguerite Young, Methodist. Hospital, boy. Fred and Helen Hobbs, Methodist Hospital, boy. Willard and Gladys Gammon, Methodist Hospital, boy. George and Elizabeth Flnlgcld, Methodist Hospital, girl. Clyde and Mabel Chattln, Methodist Ilos'iltal, boy. Clarie and Ruth Adams, 56 S. Irvington, girl. Walter and Margaret Sauter, 015 La Graude, girl. Robert and Rachel Bailey, 409 Trowbridge, boy. John and Bertha Goldstein, 531 E. Thirtieth, girl. Paul and Hilda Burkholder, 215 E. Eleventh, girl.

deaths Annie V. Brown, 63, 842 Blake, arterlo sclerosis. Daniel Parsley, 62, 1336 W. TwentyEighth, broncho pneumonia. Mary England, 81, 1440 Prospect, chronic myocarditis. Mary Elizabeth Whitecotton, 56, St. Vincent Hospital, cirrhosis of liver. Dorothy Nolan, 18, Norway Sanatorium, septic endocarditis. Moses Allen, 53, city hospital, chronic myocarditis. Infant Cochran, 3 days, city hospital, broncho pneumonia. Gladys Marie Ackerman, 1, 9>4 W. Wyoming, broncho pneumonia. John Clark Mills, 1, Methodist Hospital, broncho pneumonia. Frank White. 58, FiOO Fletcher, fractured ckull, accidental. Imogene Hauph, 65, C 34 N, Noble, arterio sclerosis. Willis M. Lyons, 23, Hawthorne Yards, fractured skull, accidental. Willard Joseph Doqrdorff,, 3, 1714 Olive, second degree burns,' accidental. Joseph Hinton, 5, city hospital, general peritonitis. Karl Roberts, 45. 323 N. California, tubercular pneumonia.

Weather

The following table shows the state of the weather at 7 a. m., Jan. 12, as observed by U. S. weather bureaus. Station. Bar. Temp. Weather. Indianapolis, Ind. . 30.36 23 Cloudy Atlanta, Ga 30.26 38 Cloudy Amarillo, Tex 30.50 22 Cloudy Bismarck. N. D. .. 30.40 —4 Clear Boston, Mass 30.04 36 Cloudy Chicago, 111 30.44 14 Clear Cincinnati, 0 30,34 28 PtCldy Cleveland, 0 30.24 26 Cloudy Denver, Colo 30.46 12 Clear Dodge City, Kan. . 30.54 20 Cloudy Helena, Mont 30.10 —8 Cloudy Jacksonville, Fla. . 30.26 54 PtCldy Kansas City. Mo. . 30.36 22 Clear Louisville, Ky 30.38 30 Clear Little Rock, Ark. . 30.46 3S Cloudy Los Angeles, Cal. . 30.38 44 Clear Mobile, Ala 30.28 44 PtCldy New Orleans, La. . 30.28 48 Clear New York, N. Y. . 30.0S 36 Cloudy Norfolk, Va 30.16 44 Cloudy Oklahoma City ... 30.52 28 Cloudy Omaha, Neb 30.62 10 Clear Philadelphia, Pa... 30.14 36 Rain Pittsburgh, Pa. ... 30.22 28 Cloudy Portland. Ore 29.88 44 Rain Rapid City. S. D.. 30.40 —4 Clear Roseburg. Ore. ... 30.10 46 Rain Fan Antonio, Tex. . 30.26 40 Rain San Francisco, Cal. 30.40 42 Cloudy St. Louis, Mo 29.50 22 Clear St. Paul, Minn. ... 29.62 —8 Clear Tampa, Fla 30.28 52 Clear Washington, D. 0. 30.18 34 Snow Precipitation has occurred since Tuesday morning from Texas and New Mexico In a belt northeastward across the Ohio Yalley, and rain has fallen in the North Paelfic States. In other parts of the country the weather, as a rule, has been fair. Temperature* are lower over most of the Mississippi and Ohio Valleys and lakes region, due to the advance of the field of high pressure from the Northwest; bnt the disturbance noted yesterday in Alberta Is developing, and has enused a considerable rise In temperature from the upper Missouri Valley northward and westward.

Massachusetts Girl Detained in Turkey BOSTON, Jan. 12.—A Massachusetts girl is among the twenty workers of the Near East Relief being detained in the Black Sea port of Samsoun, Asia Minor, by Turkish Nationalists, according to cables received at national headquarters of the relief organization. She is Mis* Marion Peabody of No. 11 Arlington road, Wellesley Hills. Word received recently announced that five workers, including Col. J. P. Coombs, were being held by the Turks In Samsoun. At that time Miss Peabody was stationed in Slvas, Central Asia Minor.

FEDERAL TAX SPECIALISTS ACCOUNTING COST ENGINEERING APPRAISALS Doney, Rogers & Cos., Inc. Jlumr-Mansnr Building;. ESTABLISHED 1917. Bell Phone MAln 6416. Automatic 23-144.

Gas Rate Question Summary of the Problem In numerous statements we have given information on various aspects of the gas situation in Indianapolis. We desire uow to summarize these in order to bring them more clearly before the public. 1. The Company, by reason of its by-product coke business, has been able to meet the enormous advance in costs up to the present time —receiving $3.75 from its coke and by-products for every SI.OO received from gas. 2. The end of the war and the present depression of general business have changed this situation absolutely. The present loss in inventories will great’y reduce the earnings for 1920, w hile the outlook for its coke and by-product business gives the Company no prospect for earnings in 1921. 3. Even before the decline in t'a —oduct coking industry, investors were demanding larger revenues from gas as an assurance that earnings would be stabilized when industrial conditions should change. At the present time the Company cannot obtain the new capital required in competition with other concerns which are now appealing to investors. 4. The expansion (and even the maintenance) of the gas service in Indianapolis requires the Company to obtain over $4,000,000 of new capital in the next three years, of which $2,000,000 should be secured immediately. 5. As soon as reasonably adequate earnings can be assured, the Company proposes to sell both stock and bonds and to proceed with all diligence to increase its facilities for producing and delivering gas. Without an increased gas rate no new capital can be put into this business and the supply of gas to the community will be endangered. 6. In order to 3ell new capital stock, dividends on both present outstanding stock and the proposed new issue must be assured. The Company has never yet sold any securities except when it was confidently believed that they would prove a good investment to the purchasers, and it will not change this policy now. If this policy were now changed, the credit of the Company would be irreparably injured and the gas service of the City would soon be in greater danger than at present. 7. In order to sell bonds the dividends on the stock must be maintained. Bond-buyers demand a good margin of earnings above interest requirements. Furthermore, large blocks of the Company’s bonds are held by Institutions which would be required by law to dump them on the market (and thus ruin the sale of any new bonds) if dividends on the stock should be discontinued. 8. Bond-buyers demand that the corporation whose bonds they buy shall show earnings equal to at least twice the interest charges on both the new bonds and those already outstanding. They also demand that some reasonable sinking fund shall be created by annual payments out of earnings, so that at the end of the term of the new bonds the total issue shall be retire ( or at least so reduced that there would be a reasonable possif ity of refunding the remainder. 9. Under present business conditions and under the conditions of the near future as they are forecast by the Company, earnings will not be sufficient to meet these conditions unless revenues from gas are largely increased. Therefore, without a higher gas rate, not only will It be impossible for the Company to secure the new capital for needed improvements, but even existing equipment will become less efficient because it is being more and more over taxed. 10. For these reasons the Company application to the Public Service Commission for a temporary increase in the gas rate from 60 cents (now the lowest rate in the world for manufactured gas) to 90 cents. This is requested as emergency relief only, and it is the desire of the Company to bring the rate down again as rapidly and as far as shall be consistent with good service to the community. It is believed that a denial of the right to make such an increase now will make a higher rate inevitable in the near future and will keep such higher rate in effect indefinitely. It is also believed that a delay in increasing the rate will greatly lengthen the period during which the increased rate will be necessary. 11. No increase in earnings from gas or from other business will enable the Company to distribute larger dividends to its stockholders. This rate is now 8.26% on the capital which existing stockholders have provided and cannot be increased. Tho rate to new stockholders cannot exceed 10% and will be lowered to the extent that Investors can be convinced of the ability of the Company to keep its promises. Beyond the limited dividend, all profits must be used for the betterment of the gas service of the city. 12. We believe that the increase in the gas rate in Indianapolis wi.l be much more advantageous to the consumers of gas than to the existing stockholders of the bompany; and that a careful coi sideration of the various elements in the problem which we have been presenting should cause the public to join in the petition of the Company for an early order by the Public F.ervlce Commission establishing the emergency 90-cent rate. Citizens Gas Company

PORTUGAL HIT BY EMIGRATION WASHINGTON, Jan. 12. “Portugnl lost thousands of skilled artisans to ttM United States, both during and after ths war, lured here by tbe high wages paid' skilled labor,” said. Col. Thomas H. Birch, United States minister to Portugal, during a visit to the White House recently. Colonel Birch, who is making his first visit to this country in fire years, stated that the Portuguese were still emigrating here in large numbers, although their own country Is enjoying the greatest period of prosperity in its history. “When I left Lisbon,” said Colonel Birch, "it could BJfely be said that there was not a man in Portugal unemployed through lack of employment. The most efficient class of skilled workers in Portugal is the carpenter, and those otherwise employed in the building trades, and this was the class that emigrated In the largest numbers. The emigration started when word was received in Portugal from relatives in the United States that carpenters here were receiving $5 a day. That was the same amount that carpenters here were receiving in Portugal at the time, but $5 ir. Auier'.#* dollars means S2O in Portuguese currency, and the rush for the golden shores of America began. There is no finer artisan or worker than the Portuguese of this class.” Colonel Birch “took the waters” at a celebrated resort n northern Portugal before coming to the United Slates During his stay at the resort he became acquainted with a m*inber of the orchestra of the hotel, a talented pianist, who told the minister that he intended going to America. While lunching with Joseph P. Tumulty, secretary to the President, and Raymond T. Baker, director of the mint, during his stay here Colonel Birch was surprised to find his musician friend a member of the orchestra at the Hotel Slioreham.

fOove Brand BACON Pearsall’s OLEOMARARGiNE

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