Indianapolis Times, Volume 33, Number 219, Indianapolis, Marion County, 21 January 1921 — Page 16

16

STOCK ISSUES MAKE RALLIES Rails Were Quiet During Forenoon Trade. NEW YORK, Jan. 21. —The reaction that started in the stock market in the final trading yesterday made further progress at the opening today, although pool manipulators made a few specialties move up in the first few minutes, but those stocks soon joined the downward movement. Cora Prodncts yielded 1 point to 7034 on a moderate supply. Bethlehem Steel “B” was affected to some extent by the statement in regard to the Government accounts, that stock dropping % of a point to 54%. Mexican Petroleum dropped from 163 to 161%. General Asphalt yielded 2 points to 65. Steel common, yielded % to 82% and was quiet. Texas Pacific Coal and Oil was In urgent demand rose 2 points to 35%. Sears-Roebuck yielded 1% to 93. Crucible Steel yielded 1% to 94%. Utah Copper declined 1% to 56%. Reading was the only strong rail Issue, advancing 1% to 83, following by a reaction to 54%. The market was lr/egulnr during the forenoon, with a majority of issues showing a rallying tendency. Texas Pacific Coal & Oil rose over 3 points to 36%. and there was an unusual degree of activity in Studebaker, which rose 2% points to 55%. Outside of these issues, the market was comparatively narrow. Baldwin, after yielding % of a point to 90%. rose to 91. Bethlehem Steel “B” and United States Steel common made fractional gains from the early low levels. General Asphalt recovered 2% points from the low to 67%. Mexican Petroleum rallied from 161% to 163. Railroad stocks were quiet and without important change. (By Thomson & McKinnon.) —Jan. 21— Doubtless you have noticed and caught the significance in the action of some of our industrials. Particularly securities representing corporation turning tbe raw product into the dnished article, and you realize the improvement in the security prices is a reflection of betterment in business conditions at the base. Keep in mind that while security prices were deflating they kept in step with the readjustment in commodity prices. If our industrial corporations followed business principles iu marking down their inventories in keepV’-g with conditions, then they are 4n position to start with a clean slate without inflated values in their supplies and in position to profit thereby. To illustrate, permit us to direct your attention to the increased value of com- j modifies, or in other words the Improve- I ment that has set in since the first of the year as a result of demand An in- I stance, take crude rubber, leather, copper, etc. If is impossible to get accommodations at local hotels. IVe are told buyers are flocking to this market. This is an un- I failing sign of business revival, particu- 1 larly significant at this time as it is the first evidence we have had of demand for several months. This brings up the thought that shelves'! are depleted. Surplus stock or that which existed has been cleaned up, or so nearly so. that replenishment is in order. Tbe market's action offers much encourage- | ment. I The advance of the spectacular indi- I cates a substantial investment demand. ) In many issues the loaning rates indicate a short interest of proportions. True, this is confined to particular stocks and j not to the market as a whole, but we make meutibn of it to illustrate that opinion is not one-sided as to the immediate future. It is better this way than to have it uniform There is an old saying that it is the difference of opinion that makes business possible. That old adage is well illustrated today. Belief in steady and consistent improvement is gaining converts daily. Barring natural reactions the market j shows an unmistakable upward trend. TWENTY AVERAGE STOCKS. NEW YORK. Jan. 21.—Twenty indus- j trial stocks averaged 76.68, down .68 per cent. Twenty active rails averaged 76.22, down .23 per cent. CLEARING HOUSE STATEMENT. NEW YORK. Jan. 21. Exchanges, $764,451,426; balances. $75,799,407; Federal Reserve Bank credit balance, SOO,082,728.

Money and Exchange

Indianapolis bank clearings today were $2,214,000, against $2,427,000 a week ago. NEW YORK, Jan. 21— Foreign exchange opened firm today. Sterling was $3.76**; francs, .0361; lire. .0336; marks, .0162; Canadian dollars. .8775; kronen, .1930. NEW YORK CALL MONEY. NEW YORK, Jan. 20.—Money: Call money ruied 6 per cent; high, 7 per cent; low, 6 per cent. Time rates steady, all 6*6 per cent; time mercantile paper steady. Sterling exchange was tstealy, with business in bankers' bills at ?3.i% for demand. NEW YORK LIBERTY BONDS. (By Thomson & McKinnon.) —Jan. 20— Prev. High. Low. Close, close. Liberty 314s 92.60 92.30 92 30 92.56 Liberty Ist 4a... 88.24 88.22 88.22 88.50 Liberty 2d 45... 88.10 87.90 87.90 87.68 Liberty Ist 4%5. 88.70 88.00 88 00 88.40 Liberty 2d 4%5. 87.40 87.92 87.98 87.90 Liberty 3d 4Vis. 91.14 90.90 91.02 90.90 Liberty 4th 4%5. 88.60 88.16 88.32 88 10 Victory 3%s 97.24 97.22 97.24 97.22 Victory 4%5.... 97.28 97.20 97.24 97.22 MOTOR SECURITIES. (By Thomson & McKinnon.) —Jan. 21— —Opening— Bid. Ask. 3rtscoe 17 18 Chalmers com a... 1 1% Packard com 10 10% Packard pfd 70 75 Chevrolet ISO 400 Peerless 17 22 Continental Motors com 114 714 Continental Motors pfd 90 95 Hupp com 13 1314 Hupp rfd 90 95 Reo Motor Car 2214 22% Elgin Motors 314 4*4 3 rant Motors ..... 1% 214 Ford of Canada 210 222 I’nlted Motors 35 50 National Motors 4- •• 6 Federal Truck 16 20 Paige Motors 13 15 Republic Truck..... 1* 19 ACTIVE OIL STOCKS. CBy Thomson & McKinnon) -Jan. 21— —OpeningBid. Ask. Anglo-American Oil 18% 1914 Atlantic Refining 1960 1080 Borne-Scrymser .. 390 400 Buckeye Pipe Line .......... 84 86 Chesebrough Mfg. Cons 175 190 Continental Oil, Colo 114 119 Cosden Oil and Gas 6 614 Crescent Pipe Line 30 33 Cumberland Pipe Line 125 135 Elk Basin Pete S% 8% Eureka Pipe Line 95 100 Galena-Signal Oil, pfd., new. 93 98 Galena-Signal OH, com 47 50 Illinois Pipe Line 174 179 Indiana Pipe Line 87 90 Merritt Oil 1214 13 Midwest Oil 1% 1% Midwest Kfg 140 142 National Transit 27 29 New York Transit 163 168 Northern Pipe Line 95 100 Ohio Oil 254 289 Prairie Oil and Gas 475 485 Prairie Pipe Line 192 200 Sapulpa Refg 4% 514 Solar Refining 375 385 Southern Pipe Line ......... 112 116 South Penn. Oil 247 252 Southwest Penn. Pipe Linea. 72 77 Standard Oil Cos. of Cal 312 315 Standard OH Cos. of Ind. ... 73 7314 Standard Oil Cos. of Kan. ... 580 600 Standard Oil Cos. of Ky 413 430 Standard Oil Cos. of Neb 380 400 Standard Oil Cos. of N. Y 350 355 Standard Oil Cos. of Ohio .... 395 405 6wan A Finch 40 50 Union Tank Line 113 11S Vapunni Oil 302 808 V* 8! Oft 30 40

Local Stock Exchange

—Jan. 21— STOCKS. Bid. Ask. Ind. Rail. & Bight Cos. com. 60 ... Ind. Rail. & Light Cos. pfd.. 84 86 Indpls. & Northwestern pfd. ... 75 Indpis. & Southeastern pfd 75 Indpls. St. Ry 54% 68 T. H. T. & Light Cos., pfd... 67% ... T. 11., I. & E. c0m...... 2 8 T. H., I. & E. pfd 10 Inlon Trac. of Ind., com 1 Unon Trac. of Ind., Ist pfd.. 6 16 Union Trac. of Ind., 2d pfd. ... 2 Advance-Rumely, com 18 Advance-Rumeiy, pfd 50 60 American Central Life .... 235 Am. Creosote Cos., pfd 91 100 Belt R. R., com 62 66 Belt. R. R., pfd 45 55 Citizens Gas Cos 30 84% Century Bldg., pfd 00% ... Cities Service, com 235 245 City Service pfd 64 65% Dodre Mfg., pfd 93% ... Home Brewing 55 ... Indiana Hotel, com 68 Indiana Hotel, pfd 91% 100% Ind. Natl. Life. Ins. Cos 4% ... Indiana Title Guaranty 59 70 Indpls. Abattoir, pfd 44% 50 Indpls. Gas 45% 48 Indpls. Telephone Cos. com. 5 ... Indpls. Telephone Cos. pfd. 88 Mer. Pub. Utl. Cos. pfd 39% 62 National Motors 3% 7 Pub. Savings Ins. Cos 2% ... Sterling Fire Insur. C 0.... 7% 9% Rauh Fertilizer, pfd 45 Standard Oil of Ind 71 76 Van Camp Hdw. pfu 90 100 Van Camp Pck, pfd 93 100 Van Camp Prods. Ist pfd.... 92% 101 Van Camp Prods, 2d pfd... 92 Vacdlal Coal Cos. com 5 Vandalia Coal Cos. pfd.. 10 Wabash R. R., pfd 20 23% Wabash R. R., com 7% 8% BANKS AND TRUST COMPANIES. Aetna Trust Cos 106% ... Bankers Trust Cos 118 ... Commercial Natl. Bank 65 Continental Natl. Bank.... 112 ... City Trust Cos 85 Farmers Trust Cos 200 ... Fidelity Trust Cos 121 Fletcher Am. Natl. Bank 258 Fletcher Sav. & Trust Cos.. 160 170 Ind. Natl. Bank 265 285 Ind. Trust Cos 175 188 Live Stock Exchange Bank. 385 Merchants National Bank.. 280 National City Bank 110 120 People's State Bank ....... 187 ... Security Trust Cos 120 The State Sav. & Trust Cos. 90 94 Union Trust Cos 840 870 Washington Bank & Trust. 130 BONDS. Broad Ripple 5s 61% ... Citizens Street Railroad 5s .. 70 76 Ind. Coke and Gas 6s Indian Ck. Coal & Min 65.. 92 Indpls. Col. & Southern ... 88 97 Indpls. A Martinsville 55.... 52% ... Indpls. & North. 5s 41% 47% Indpls. & N. W. 5s 51 ... Indpls. & S. E. 0s 45 ... Indpls., Shelby. A 8. E. sa. 70 ... Indpls. St. Ry. 4s 59% 65 Indpls. Trac. A- Term. 55.... 70% 76% Kokomo, Marion & W. 55.... 77 80 Terre Haute, ludpls. A E.. 61 Union Trac. of Ind. 5s 52 57 Citizens Gas 5s 73 80 Ind. Hotel Cos. 2d 6s 91% 100% Indpls. Gas 5s 71% 79% Indpls. Light A Heat 5s 72% 80 Indpls. Wafer 5s 88 91 Indpls. Water 4%s 70% 75% Mer. H. A L pfd 5s 85% 90 New Telephone Ist 6s 94 New Telephone Long Dts ss. 93% ... Southern Ind. Power 6s LIBERTY BONDS. Bid. Ask. Liberty Ist 3%s 92.20 93.00 Liberty Ist 4s 88.50 Liberty 2d 4s 87.90 Liberty Ist 4%s 88.20 88.50 Liberty' 2d 4%g 87.90 8R.20 Liberty 3d 4%s 90.98 91.10 Liberty 4th 4%s 88.24 88.48 Victory 3%s 97.24 97.40 Victory 4%s 97.20 97.40 —SALES—SI,OOO Kokomo A Western 5s 78

In the Cotton Market

NEW YORK, Jan. 21.—The cotton market opened barely steady today, with pri'-es unchanged to 15 points lower. Liverpool, the South and Wall street were leading sellers at the start while :he trade and room shorts bought moderately. After the opening the list dropped about 23 points under, yesterday's close and then rallied s few points, but showed no evidence of an outside buying confidence. About seventy-five notices were issued this morning. New York cotton opening: .Tannery, 17.10 c; March, 15.50 c; May, 15.40 c; July, 15.55 c; October, 15.60 c; December, 15.60 c. LIVERPOOL, Jan. 21.—Spot cotton opened qiilet today with prices easier and sales around 2,000 bales. American middlings, 13.45d; good middlings. 10.25d; middlings, 6.35d: low middlings 8.10d; good ordinary, 6.60d; ordinary, 5.85d. Futures opened quiet. NEW YORK CTRB. (By Thomson & McKinnon.) —Jan. 20— —Closing— Bid. Ask. Curtis Aero, com 2 4 Curtis Aro, pfd .. 8 12 T>*xas Chief .. 7 12 First National Copper % 1 Goldfield Con 8 8 Havana Tobacco 1 1% Havana Tobacco pfd 4 7 Cent. Teresa 3 5 Jumbo Extension 6 8 International Petroleum 16% 17 Nipisslng 8 BV4 Indian Pkg 3*4 4 Rovnl Baking Powder 105 110 Royal Baking Powder pfd 81 84 Standard Motors 7*4 B*4 Salt Creek 7% 7*4 Tonopnh Extension 1 1-16 1% Tonopnh Mining 1% I*4 I'nitf-d P S. new 1% 1% IJ S. Light and Heat 1 1% V. S. Light and Heat rfd % 1% Wright Mattin 5 7 World Film 1-16 3-16 Yukon Gold Mine Cos 1% Jerome *4 % New Cornelia 28 80 Sequoyah 3-18 5-16 Omar Oil 2% 2% Rep. Tire 1% 1% CHICAGO STOCKS. (By Thomson & McKinnon) —Jan. 20Open. High. Low. Close. Armour, pfd. ... 94% 94% 91% 04% Carb. * Carb. . 51% 52% 62 52% Libby ..... 12*4 12% 12% 12% Mont.-Ward ... 18% 18% 17% 17% Nat. Leather ... 8% 8% 8% 8% Sears-Roebuck .96 98 96 90 Stewart-Warner 34% 34% 33% 33% Swift & Cos. ...103 106 105 106 Swift Inter. ... 28% 28% 28% 28% Reo Motors .... 21% 22% 21% 22% NEW YORK METAL MARKET. NEW YORK, Jan. 20.—Copper—Easy; spot and January, 12%'7}(17%c; February and March, 12%®)13%c. Lead—Quiet; -•[lot, January and February, 5@5%e. Spelter—Easy; spot offered, 5.50 c; January. 5-30<g(5.50c; February, March and April, 5.37<g!5,55c. INDIANAPOLIS FRODICE. Eggs—Fresh, loss off. 57c. Poultry—Fowls, 22® 27 c; springers, 26c; cocks, 17c; stags, 17c; old tom turkeys, 36c; young torn turkeys, 12 lbs and up, 40c; capons, 7 lbs. and up, 86c; youug hen turkeys, 8 lbs and up, 40c; cull, thin turkeys not wanted; young tom turkeys, 40c; "ducks, 4 lbs. and up 25c; ducks, under 4 lbs., 20c; geese, 10 lbs. and up, 20c; guineas, 9-lb. size, per doz., 6. Rabbits —Drawn, per dozen. $229). Butter—Buyers are paying 61@52e for creamery butter delivered at Indianapolis. Bntterfat—Buyers are paying 50c for cream delivered at Indianapolis. CLEVELAND PRODI CE. CLEVELAND, Jan. 21.—Butter—Extra, In tub lots, 62%<553c; prints, 53*4@34c; extra firsts. 51%(q)52c; firsts, 50%® 51c I seconds. 44(&i40c; packing stock, 12® 14c; fancy dairy, 20Q2.V. Eggs—Fresh gathered Northern extra firsts, 62c; Ohio firsts (new cases), 64c; firsts (old oases), 66c; Western firsts (new cases*, C3e; refrigerator extras, 00c; refrigerator firsts, 58c; (a case contains 30 dozen). PoultryLive, heavy fowls, 30c; light stock, 25c; roosters. 21c; spring ducks, BS@4oc; turkeys, 43@50c; geese, 30®35c ; spring chicken | (choice). 291530 c.

SLUMP HITS HOG MARKET Swine Prices 25 to 50 Cents. Lower—Cattle Slow. RANGE OF HOG PRICES. Good Good Good Jan. Mixed. Heavy. Light. 16. $9.26® 9.50 $9.09 ® 9.25 $9.50® 9.85 17. 9.40® 9.75 9.25® 9.50 9.75®10.15 18. 9.75® 10.25 9.50® 10.00 10.25®10.65 19. [email protected] 9.50 @ 10.00 [email protected] 20. 9.76 @IO.OO 9.26® 9.75 [email protected] 21. 9.50® 9.75 9 00® 9.26 [email protected] There was a slow, unactive tone to tbe hog market at the opening of the local live stock exchange today and prices were 25 to 50c lower. The lower tendency of prices was attributed to large receipts both at Chicago and here. Receipts at Chicago at an early hour were 74.000, while here they ran close to 16,000 fresh hogs and approximately 900 stale hogs held over from the Thursday market. It whb stated that many of the orders that would ordinarily have come to this market were sent to Chicago on account of the lower tendency that it was certain would hit that market. There was a top of $lO on two loads of good light hogs, but the bulk of that grade sold around $9.75. Mixed and medium grades generally sold arouud $9.50. and heavies s9®9 25. Roughs genera li}’ brought around $8 for good stuff, and pigs $9(89.50 on the choice grades. The bulk of sales for the day was $9.25 <g9.73. , There was a draggy tone to the cattle market, with some of the butcher stuff about steady and other grades lower. Cows were generally about steady, but some of the poorer grades of heifers were In cases 25c lower. Canners and cutters held about steady. Steers were steady on the good stuff to 25c lower on some of the common stuff. Bulls were steady where there was desirable weight, hut the extreme light stuff of that grade was lower. Receipts for the day approximated 800 fresh cattle, with some stale cattle left in the pens from the Thursday trade. With close to 500 calve# on the market, prices were steady to strong with the bulk of the choice calves at $13®14, a top of $14.50. and a few odd sales at sls. There was a lighter demand for medium stuff than there was on the market of the day before. With approximately 250 sheep and lambs on the market, prices were steady to strong. There were a number of good lambs that brought $lO and some good sheep that brought $4. HOGS. Best light hogs, 100 to 200 lbs average .noresio.TO 200 to 300 lbs. average 9<XKB 9.25 Over 300 lbs B.oo® 8.50 Mow* 7.50<1 R.OO Best pigs, under 140 lbs 9 00® 950 Bulk of sales 9.25® 9.i5 CATTLE. Prime cornfed steers, 1,030 lbs. and up 9.00® .0.00 Good to choice steers, 1,200 to 1.300 lbs B.oo® 930 Good to choice steers, 1,100 to 1,200 lbs B.oo® 8.50 Medium steers. 1,000 to 1,100 lbs 7AO® 8.25 Common to medium steers, 800 to 1,000 lbs B.oo® 7.50 —Heifers and Cows — Good to choice heifers 6 50® 3.75 Medium heifers 8-9J*® Common to medium heifers.. 4.00® O.Jo Good to choice cows 5.00® ..00 Fair to medium cows 4.004® 525 Cutters 3.00® 4.25 Canners 2-250 3.50 —Bulls— Good to choice butcher bulls 3.00® 7.00 Bologna bu 115,.... 1 Light common bulls o.oo'- 7.JU —Calves — Choice veals JS’JKSJsnft Good veals 12.00® 13.00 Lightweight veals ew® ..00 Medium veals 9.00®11.00 Heavyweight calves 7AO6J 8.00 Common heavyweight calves. 3.00® 7250 —Stockers and Feeders— Good to choice steers. 800 lbs Good to choice steers, under _ 800 lbs *oo Medium cows 4.50<2 5.00 Good cows 6.00® 3.50 Good heifers 6 50$ Medium to good heifers 6.00® 6.00 Good milkers •••••• B ®-o®jff®s.oo Stock calves. 250 to 450 lbs... 5.00(3 6.00 SHEEP AND LAMBS. Good to choice sheep $ 00® 4.00 Fair to common 2.00® 3.00 Bucks 2.*)s 2.50 Cull sheep I.oo® I2H) —Lambs —■ Common to choice yearlings.. 6150(3 6.50 Sprlug lambs 8.00®10.00

Other Live Stock

CHICAGO. Jon. 21.—Hogs- Receipts. 66,000; market. 35@40c lower; bulk, s9® 9.26; butchers, $8.95®9 15; packers, $8 25 ®5.75; lights, $9.20®9.00; pigs, $9.25® 0 60; roughs, [email protected]. Cattle—Receipts, 7,000; market, 25c higher; beeves, $7.25® 10.75; butchers, $5.25@9; canners and cutters, $3.25®5.30; stockers and feeders. $5.25(08; cows. $4.50®7.75; calves. $10.50 ® 12.50. bheep -Receipts, 9.0U0. market, steady; lambs, $8A0@11; ewes. s2®6. CINCINNATI. Jan. 21.—Hogs—Receipts, 7,500; market slow to 60c lower; heavy hogs, s9®t).so; mixed, $9 50; mediums and lights, $9.50@10; pigs, $9; roughs, $7.25: stags, $6. Cattle— Receipts, 600; market slow, steady; bulls, shade lower. Sheep and lambs—Receipts, 150; market steady; sheep. $1.50 ®5; lambs, [email protected]. CLEVELAND, Jan. 20— Hogs—Be col pis. 4,500; market, 40® 50c lower; Yorkers. $10.25® 10.30; mixed, $10.25; medium, $10.25; pigs. $10.76; roughs, $8; stags, SB. Cattle— Receipt*. 300; market, slow Sheep and lambs—Receipts. 1,000; market, steady; top, sll. Calves—Receipts, 300; market, steady; top, sls. PITTSBURGH. Jan. 21.—Oatt!n~Re ceipts. light; market, steady; choice. slo®lo 25; good, *0 5049 75; fair. $8.26® 9; veal calves, sls® 15.60. Sheep and lambs—Receipts, fair; market, steady; prime weathers, [email protected]; good, ss@s 50; fair mixed, [email protected]; spring lambs, $10.73 ®IL Hog#—Receipts, 6 doubles; market, lower; prime heavies, $9 [email protected]; mediums, slo®lo 25; heavy yorkers, slo® 10 26; light yorkers, slo® 10.25; pigs, $lO @10.25; roughs, $7@S; stags, s@o. EAST BT. LOUIS, ill., Jan. 21— Cattle —Receipts, 1,200; market, slow; native beef steers, $8.50® 10 50; yearling beef steers snd heifers, $9 25® 10 26; cows. $6 25 @7; stockers and feeders, $6.76@8; calve*. $lO [email protected]; canners and cutters, $4.25 f4.50. Hogs—Receipts, 18,000; market, <®2sc lower; mixed and butchers, $0.25 ®9.T5; good heavies, $9®9.35; rough heavies, [email protected]; lights, $9.50@9 75; pigs, 9.25@9.:>0- bulk of sales, so.2!>@9 60. Rhecp and lamns— Receipts, 160; market, steady; ewes, [email protected]; lambs, $10.50® 10.75; canners and cutters, [email protected]. EAST BUFFALO, N. Y., Jan. 20.—Cattle—Receipts. 130; market Blow and steady; shipping steers, $9.50@10' butcher grades, [email protected]; cows, [email protected]; bulls. $7. Calves —Market active and steady. Sheep and lambs—Receipts, 3.000; market, 25c higher; choice larnbe, sll® 11.25; culls to fair, $7.50®10.75; yearlings, [email protected]; sheep. $3(0)6.50. Hogs— Receipts, 4,000; market active, 25@50c off; vorkers [email protected]; pigs, $10.75; mixed, [email protected]; heavies, [email protected]; roughs, [email protected]; stags, [email protected]. WHOLESALE FEED PRICES. Ton. Cwt. Acme feed $38.00 $195 Acme middlings 42.00 s 2.15 Acme dairy feed 47.50 2.40 E-Z dairy feed /. 87.50 1.90 Acme H. & M 38.00 1.95 Acme stock feed 32.50 1.65 Cracked corn 37.00 1.90 Acme chicken feed 43.75 2.25 Acme scratch 41.75 2.15 E-Z scratch 89.50 2.00 Acme dry uia&h 48.50 2.45 Acme hog feed 47.00 2.40 Homlik yellow 86.00 1.85 Rolleti barley 43.50 2.20 Alfalfa mol 41.00 2.10 Cottonseed meal 41.00 2.10 Linseed oi! meal 51.00 2.60 Acme chick mash 61.00 2.10 FLOUR AND CORN MEAL. Corn meal, 100-lb. bag $ 2.10 E-Z Bake baker's flour in 9S-lb. bag 10.80 CRUDE OIL PRICES FALL. PITTSBURGH. Jan. 21.—The Joseph Beep Agency here. Standard Oil purchasers, auounce that the price of Pennsylvania crude oil and five others of the best grades were reduced 25 cents at 10 o’clock today.

INDIANA DAILY TIMES, FRIDAY, JANUARY 21, 1921.

GRAIN FUTURE PRICES DECLINE Light Trade and Oversold Market Chief Factors. CHICAGO, Jan. 21.—Grain prices dropped on the Chicago Board of Trade today due to light trading and an oversold market. The market responded easily to scattered buying. Wheat led the drop. Corn and oats fell in sympathy. Prlvislons were higher. March wheat opened off %c at $1.65% and lost an additional %c in later trading. Ma3- wheat opened unchanged at $1.60%, but lost lc later. May corn opened at 68%c, off %c, and lost %c more before tbe close. July corn opened up %c at 70c, but later lost %c. May oats opened at 44%c, off %c, and lost an additional %c later. July oats opened unchanged at 44%c, and lost %c before the close. (By Thomson & McKinnon.) —Jan. 21Wheat—Withdrawal of export demand and indecision as to Argentine supertax have induced moderate liquidation of wheat holdings by those who have been credited with believing in higher prices, j Cessation of foreign demand has left the market without important support ns the investing public ts still apathetic. In tbe event of imposition of substantial super-tax on Argentine exports tbe Initial Influence by the Argentine government will permit tbe foreign buyer to know Just what price he is paying for wheat and may therefore turn the foreign demand awav from this country. Rains are reported in Australia and Broomhells repeats a reduction in the exportable surplus. Conditions in India are not good. Offerings of wheat from the Southwest are light, but at the same time there Is no strength In the export bids for gulf shipment. Milling trade shows a little improvement, according to Minneapolis advices. It is quite evident from the character of the trade and the action of the market that some stimulus other than a spasmodic foreign demand Is necessary If prices are to rule higher. Corn—ln the face of weakness in wheat and liberal receipts’" from the country, corn has held its own so far as can be seen tbe buying power in this market comes from previous sellers. Moderate export business la doing each day but in the minds of the trade this Is not a factor in prices Offerings from the country have fallen off, but there is be lieved to be enough in transit and loaded to maintain the present volopie of reTelpts for some time. We expect this market to meet rather Influential selling whenever strength appears. Oats—Foreign Inquiry Is said to exist in the oats market, hut there ts no evidence of any buying from that source or of business closed. Thera is at no time any Investment demand in the war--Itet appearauces of strength to be temporary. I’rovislons —Packing interests have been sellers of ribs, offerings being taken by those who consider the market on a value basis. There is no effort whatever to advance prices. CHICAGO GRAIN. —Jan. 21— WHEAT — Open. High. Low. Close. March... 1.68% 171% 1.64 1.65 May 1.60% 1.62% 1.54% 1.55 CORN— May 68% 69% 67% 67% July.... 70 70% 68% 68% OATS— May 44% 45% 43% 43 July 44% 45% 43% 43% PORK—•Jan.... 23.50 | May 23.25 23.33 23.20 23.33 LARD— „„„„ •Jan 7-9-May 13.60 13.72 13.55 13.60 n. S ! May 12.40 12.57 12.40 12.30 •Nominal.

CHICAGO CASH GRAIN. CHICAGO, Jan 20.—Wheat—No. 1 hard winter, $1F0; No. 2 hard winter, $1.7.8%; No. 1 Northern spring. $1.82. Corn -No. 8 white, 62%@63%c; No i yellow, 2%@ 63%c; No. 4 white, 59%@60%e; No. 4 yellow, 69%@61e. Oats —No. 1 white, 43%@ 44c; No. 2 white, 43%@43%c; No. 3 white, 42@42%c. TOLEDO CASH GRAIN. TOLEDO, Jan. 20.—Wheat- Cash, *1.92; March, $1.91; May, $1.87. Corn—No. 2 yellow, 70c. Oats —No. 2 white, 47®48<\ Rye—No. 2, $1.60. Barley—No. 2,74 c. Clover seed —Cash (1919). $12.55; cash (1920) and January. $12.80; February, $12.85; March, $12.65; April, $10,85. Tim othy—-Cash (1918), s3.(fc; cash (1919), $310; January, $325; February, $3.30; March, April ana May, $3 30; September, $3.85. Alsike—Cash inew), $16.15; cash (old), $15.00; March, $15.55. PRIMARY MARKETS. (By Thomson & McKinnon.) —Jan. 20Wheat. Corn. Oats, Chicago 29.000 666.000 148.000 Minneapolis.. 435.000 61.000 78 000 Duluth 105.000 8,000 St. Louis 157.000 111.000 142.000 Toledo 6.000 16.000 10.0<>0 Detroit 4,000 5.000 9 000 Kansas City.. 467,000 73.000 19.000 Teorla 2.000 84.000 20.000 Omaha 44.000 148,000 24 000 Indianapolis... 7.000 94,000 20.000 Totals .... 1.256.000 1,257.000 478 000 Year ago... 625,000 639,000 552,000 —Shipments—■ Wheat Corn. Oats. Chicago 78,000 521,000 190 000 Minneapolis... 124,000 55.000 52,000 Duluth 18,000 St. Louis 128.000 77.000 65,000 Toledo 4 000 1.000 2.000 Kansas City.. 827,000 2.(X 36.000 Peoria 1.000 74.000 24.090 Omaha 46.000 63,000 50.000 Indianapolis. 21,000 4,000 Total* 726 000 836.000 423.000 Year ago 766.000 537,000 621.000 —Clearances- - Domes. W. Corn. Oats. New York 40.000 Philadelphia.. 7.000 New Orleans.. 296,000 Totals 843.000 ". Year ago... >168,000 INDIANAPOLIS CASH GRAIN. —Jan. 21Bids for car lots of grain and hay at the. call of the Indianapolis Board of Trade were; Wheat—No sales. Corn —Easy; No. 4 white, 64@60%c; No. 5 white, 60@61%c; No. 3 yellow, <!4%@66%c; No. 1 yellow, H2@o4%c; No. 5 yellow. 58®59%c: No. 4 mixed, 60® 2%c; No. 5 mixed, 56@57%c. Oats—Easy; No. 2 white, 43®44%c; No. i white, 42@43%c. Hay—Weak; No. 1 timothy. [email protected]; No. 2 timothy, [email protected]; No. 1 light clover mixed, [email protected]); No. 1 clover hay, [email protected]. —lnspections Whe^t —No. 2 red, 1 car; No. 3 red, 1 car; No. 4 red, 2 cars; No. 5 red 2 cars; No. 3 soft white, 1 car; total, 7 oars. Corn—No. 3 white, 10 cars; No. 4 white, 15 cars; No. 5 white, 5 cars; No. 6 white, 1 car; No. 3 yellow, 4 cars; No. 4 yellow, 26 cars; No. 5 yellow, 15 care; No. 6 yellow, 1 car; No. 3 mixed, 2 cars; No. 4 mixed, 4 cars; No. 5 mixed, 2 cars; sample mixed, 1 cur; total, 86 cars. Outs—No. 1 white, 1 car; No. 2 white, 4 cars; No. 3 white, 3 curs; No. 4 white, 1 car; total, 9 cars. Rye—No. 2, 1 car. Hay—No. 2 timothy, 1 car. HAY MARKET. The following are the Indianapolis prices for hay by the wagon loud: Hay—Loose timothy, new. $24@26; mixed hay, new, $22@24; baled, $24@26. Oats—Bushel, new, 50@32c. Corn —New, 70®75c per bushel. WHOLESALE BEEF PRICES. Tbe following are today’s wholesale market prices of beef cuts as sold by the Xndianap'Olis markets. (Quotations by Swift & Cos.): Ribs—No. 2,34 c; No. 3,19 c. Loins— No. 2,51 c; No. 3,28 c. Rounds—No. 2, 23c; No. 3,17 c. Chucks—No 2,12 c; No S, 10c. Plates —No. 2,12 c; No. 3.10 c. CHICAGO PRODUCE. CHICAGO, Jan. 21. —Butter—Creamery extras, 46c; creamery firsts, 45%c; lirsls. 38®44c ; seconds, 80®.'!7c. Eggs—Ordinaries, 57®59%c; firsts, 61@61%c. Cheeae —Twins, 23%c; youpg Americas, 26%c. Live poultry—Fowl!* 28%c; ducks. 3fc; geese, 2flc; spring chickens, 27c; turkeys. 48c; roosters, 20c. Potatoes—Receipts, 48 care; Wisconsin and Minnesota, sl.2u® 140. \

On Commission Row

TODAY’S PRICES. Apples—Missouri Jonathans, per bbl., $8.50; fancy Illinois Jonathans, per bbl., $7.50; extra fancy Grimes Golden, per bbl., s6®9; extra fancy Wineaaps, per bbl., $9; Bell Flowers, per bbl., $6.50; Baldwins, per bbl.. $5.50; Spys, per bbl., $4.50 @6; Rome Beauty, per bbl., $8; Kinnard Red, per bbl., $6; King s, per bbl., $6; Wolf Rivers, per bbl., $5; None Such, per bbl., $5; Malden Blush, per bbl., $4.50; Greenings, per bbl., $5.50; choice Jonathans, per bbl., $6. Beans —Michigan Navy, in bags, per lb., 5(05%e; Colorado Pintos, in bags, per lb., lO%(0lic; California Limas, iu bags, per lb., B(§|9c; Red Kidneys, in bags, per lb., 12@13c; California Limas, in bags, per lb., B%<§9c; California Pink Chill, in bags, per lb., 7%@Sc; Yellow' Eyes, per lb., 12c; dried peas, green, per lb.. Be; split yellow peas, iu 60-lb. bags, per lb., 9c; fat beans, in bags, per lb., 10c; Marrow fat beans, in bags, per lb., 12®13c. Beets—Fancy home-grown, per bu„ $1.50. Bananas Extra fancy high-grade fruit, 50®(30c per bunch; per lb., Bc. Cabbage—Fancy Northern, per ]b., 2c. C.rro —Fancy home-grown, par bn., Celery—Fancy New York (2-3 crate) 4-5 doz. $3.50; per crate, $6; fancy New York trimmed, per bunch, $1 Cocoanutß—Fancy, per doz, $1; De r bag of 100. $6. v > p hhV ra^ b -T, le8 ~ F \ ncy C - C - Howes, per bbl., $1( 50; per bu„ $6. v Grapefruit Extra fancy Florida (Blue Goose brand), 465, per box, $5 75; Me tu 8 ’ *•8? 80b ’ l’ er box, $6; fancy Fiorldas, per box, $4.25; 46. $4.50; ,08 ’ 95 '• 80 "' >5; 965, $4 50 ~V et ! lu * la n<y hothouse leaf, per lb, ,n barrel lots, per lb, 23c: fanev California icebergs, per crate, $3 6 Oranges—California, all grades, $3.50® "V nl ?/i!7K Fan . Cy Ind Ja n“ Yellow or red per 100-lb. bags, $5; fancy Indiana white, per 100-lb. bai $1.50 7 Inu, ' lna y large Bikes, per doz. Potatoes—Fancy Michigan and Wisconsin round whites, per 150-lb. bag, $2 756 or 10-lb. bag lots, per bag, $2 65; fancy idana Oems, per bag, $2.25<&2.40. Radishes—Botton, large bunches, per doz., $1; Long Red, per doz, 40c. Sweet Potatoes—Fancy Eastern Jerseys, per hamper, $3; Fancy Indiana Nancy Halls, per hamper, $2 25; fancy Indiana Jersey, per hamper, $2.50 Spinach—Fancy, per large basket, $1.75. Turnips—Fancy washed, per bu, $1.25 @1.40. Kale—Fancy, per barrel, $2.75. - Cauliflower —Fancy California per crate, $2.73. Oyster Plant—Fancy, per doz, 50c. Leek—Fancy, per doz, 35c. Sage—Fancy, per do*, 45c. Rutabagas—Fancy Canadian, per 50 lbs.. $1 ; per 100 lbs, $1.75. Peppers—Fancy, per small basket, 75c. Kuiuquats— Fancy Florida, per qt, 25c. Tangerines--Extra fancy 106s, 168s, boxes, $3.75; 19fts, box, $3. Lemons—Extra fan-y California*, 300s, per box, $4.50. ciassnfras Bark—Per doz, 40c. Grapes—Fancy Imperial Malagas, per drum. 814. strawberries—Fancy Florida*, per qt, 73c.

Weather

Tbe following table shows the state of the weather at 7 a. m., Jan. 21, as observed by United States weather bureaus: Bar. Tetnp. Weath. Indianapolis, Ind.. ill.M 49 Cloudy Atlanta, Ga 30.54 46 Clear Amarillo, Tex 30.08 44 Cloudy Bismarck, N. D.... 30.34 8 Clear Boston. Mass 80.18 38 Cloudy Chicago, 111 30.12 52 Rain Cincinnati, 0hi0.... 30 36 48 Cloudy Cleveland. 0hi0.... 30 22 48 Cloudy I>uver, Colo 30.14 28 Clear Dodge City. Kan... 30.14 34 Cloudy Helena, Mont 80 18 20 Clear Jacksonville, Fla... 30.50 52 Clear Kansas City. M 0... 30.16 58 Rain Louisville, Ky 30.40 60 Cloudy Little Rock, Ark... 30 36 52 Cloudy Los Angeles, Cal... 30 06 42 Cloudy Mobile, Ala 30 48 52 Clear New’ Orleans. La... 30.40 64 Cloudv New York, N. Y... 80 28 40 Cloudy Norfolk, Vs 30 30 36 PtCldy Oklahoma City 30.20 58 Cloudy Omaha, Neb 30.13 34 Cloudy Philadelphia. Pa... 30.34 88 Cloudy Pittsburg, Pa 30.32 48 Cloudy Portland, Ore 80.42 36 Cloudy Rapid City, 8. D... 30.24 26 Clear Roseburg, Ore 30.44 34 Cloudy San Antonio, Tex.. 30.18 64 Rain San Francisco, Cal. 30 10 44 Clear St. Louis, Mo 30 24 54 Cloudy St. Paul, Minn R 0 14 84 Cloudy Tampa, Fla 30 42 58 Cloudy Washington, D. C.. 30 40 38 Cloudy WEATHER CONDITIONS. There line beeu a continued rioe In temperature In practically all of the southern and eastern part* of the country nine* Thursday morning, and the rending* there are now considerably above the *eusonal normal in moat sectlons. Whlie, also, temperature* have continued to fall over most of the West and Northwest. the change* there have not been of marked degree, except in part* of Wyoming, Montana and the Dakotas. Light rain has fallen between the MlHsi**ipt>i and Ohio Rivera, and also from rullrornia to Idaho. J. H. ARMINGTON, Meteorologist, Weather Bureau. WAGON WHEAT PRIUF-S. Iridianspoll* flour mills and elevators todav are paying $1 SO for No. 1 red wheat, $177 for No. 2 wheat and $1.74 for No. 3 red. Marriage Licenses Allen Crabtree, 638% North Liberty... 52 Bettie Taylor, 638% North Liberty.... 42 Leora Bonkeri Brownshurg, Ind 35 Mary Blacketter, Barnard, Ind 20 Gabe Alban, 438 South Noble st 25 Vera Watson, 2715 West Washington.. 19 Earl John, 644 South Illinois st 25 Ducia De Ford, 934 South Capitol.... 21 Births Theodore and Ruth Willey, 431 East Ohio boy. Frank and Gertrude Meyer. St. Vincent's Hospital, girl. Henrv and Eleanor Sasman, St. Vincent’s floßpital, boy. Leo and Nina Dresa, 1117 East Washington, girl. Everett and Mary Comer, Deaconess Hospital, girl. John and Annette Cline, 2020 Prospect, boy. ("Ictus nnd Cora Ward, 954 Elm, girl. Raymond and Margaret llarrlugton, CIO East Pratt, girl. Frank and Pearl Teagardin, 1448 Woodlawn, boy. .lenti and Katherine Williams, 1220 East Georgia, boy. Jesse and Dottle Spccce, 2157 Fountain, girl. Aydln and Bejtha Fazli, 226 Douglas, boy. James and Hazel Helms, 2758 Manlove, girl. Ralph and Velaria Day, 122 West North, girl. John and Mary Day, Methodist Hospital, boy) William nnd Eveline Gabe, Methodist Hospital, girl. Oscar and Elizabeth Watts, Methodist Hospital, girl. Duane und Grtce Bellinger, 3039 Park, boy. John and Rebecca Sanders, Methodist Hospital, girl. Ralph and Ruth Pirtle, Methodist Hospital. boy. Fred and Loryne Stanford, Methodist Hospital, girl. James and Daisy Griffin, Methodist Hospital, girl. Benjamin and Lilly Schalansky, Methodist Hospital, girl. Patti arid Catherine Nolting, Methodist Hospital, boy. Karl and Mary Galbraith, Methodist Hospital, girl. Orville and Lulu Trundell, Methodist Hospital, boy. Albert and Alma Kinz, 1405 Barth, boy. Deaths Mary J. Lee, 79, 1010 West ThirtyThird, chronic interstitial nephritis. Cnrl Neiman, 30, city hospital, scarlet fever Clemens Vonnegut, 67, 604 East Thirteenth. carcinoma. Rhoda A. Shortridge, 82, 1226 Shepard, arterio sclerosis. Willie Rigney, .three days, 1052 Holborn, premature birth. William H. Torrence, 9 months, 2304 Cushing, pulmonary tuberculosis. Infant Caperton, 1 hour, 1110 North Delaware, atelectasis. Mary Louise Kennedy, 1. Indianapolis Orphans Home, lobar pneumonia. Frank Harold Truex, 19, city hospital, immlt.

FARMERS DOWN BILL TO CHANGE JURY CHOOSING (Continued From Page One.) attempted to lead a fight against killing the measure. Representative Davis declared the entire matter resolved Itself into the question of whether faith was to be placed In House committees. Representative Otto G. Fifleld of Hebron, Republican floor ; leader, moved the previous question, de- , daring that the committee report shoula be adopted. ! “Do you mean that we should agree to | every report returned by a committee?" asked Representative Harry B. RowbotI tom, Vanderbnrg County. “I know of [ one bill that should never have been considered by a committee that was reported favorably.” The House voted to adopt the report INDIANAPOLIS COURT BILL UP. The bill introduced by Representative Henry Abrams of Marion County, providing for an increase in the salary of the Judge of the city court of Indianapolis to $5,000 per year, struck opposi.when. it was called down for second reading. Attempts to strike out section 3 of the bill, which would have killed the provision of the measure providing for the increase, were defeated. Efforts to have the emergency clause, added by the Committee on Organization of Courts, to which the bill was referred, stricken out were successful, and on motion of Representative Abrams the clause was eliminated when it was seen that it would prove fatal to passage. Several speeches were made in opposition to the bill, special reference being made to the emergency clause. Representative Russell K. Bedgood, Tippecanoe County, warned the members of the House to beware of all bills containing an emergency clause, and stated he would be In favor of the Abrams bill if It were stricken off. The bill was passed to engrossment, following Mr. Abrajns’ withdrawal of the emergency paragraph. EDUCATIONAL BILL INTRODUCED. The bill sponsored by the State Department of Education, and which is an outgrowth of the State-wide educational campaign conducted last fall by the educational department, was Introduced in the House today. The bill provides for the levying of a tax of 20 cents on each SIOO of taxable property, real and personal, and 50 cents on each voter of the State. 90 per cent of which would go to the State treasury as a common school tuition fund, and the remaining 10 per cent to be used as a relief fund. The amount raised by the levy would be apportioned on the sixth day of January and July of each year by the State superintendent, on the following basis: One-third on average dally attendance (high school pupils to be counted e.s one and one-half times the actual daily attendance) ; one-third on the number of teachers employed, nnd one-third on the basts of adequacy of local support. The theory of the law, according to Representative Raymond E. Willis, Steuben Oounty, who introduced the measure, is to tax the property where it is and to send the money where the childreu are. The bill was referred to the Ways and Means Committee. Fifteen bills were introduced In the morning session of the House. Adjournment was taken shortly after 12 o'clock, until 2 o’clock Monday. NEW BILLS IN HOUSE. Kills Introduced were as follows: Rulo, providing for appointment of an Inspector off weights and measures in counties of certain population. Rights and Privileges. Mlltenberger, amending certain sections of the life Insurance acts. Insurance. Tucker of Grant and WUIls of Steuben, appropriating money for widows of the Civil War who are unable to gain admission into the State Soldiers' Home. Ways and Means. Sherwood, providing for establishment of athletic commission. Judiciary A. Ahlgren, providing for amendment of section 1 of an act changing grades of streets and highways. Affecting Hammond only. Cities and Towns. Osborn (by request), amending an act relating to the preservation of fish and game. Criminal Code. Osborn. pmhUhting the harboring and possession of ferrets without permit. Criminal Code. Harrison, amending certain sections of an act requiring the registration of trained nurses. Harrison, relating to care of Soldiers' and Pallors' Orphans' Home. Benevolent Institutions. Abrams, amending an act regulating the admission of foreign corporations not organized for profit Ways and Means. Abrams, amending an act regulating the admission of foreign corporations organized for profit. Ways and Means. Willis of Steuben, providing for levy of a tax for the support of the common schools. Ways and Means. Rowhottom. amending an act supervising regulation of fire insurance ratemaking bureaus. Insurance. Flesher, amending certain sections of an act concerning municipal corporations Criminal Code. Gaesser. amending the State pharmacy act. State Medicine and Public Health. G. A. R. RILLS GIVEN O. K. The bill appropriating SSOO yearly for payment of the expenses of the Department of Indiana of the Grand Array of the Republic has received the O. K. of the House Wavs and Means Committee, and was reported out of committee recommending passage. The Ways and Means Committe also reported the bill which provides for the printing of the proceedings of the Indiana Academy of Science, carrying an appropriation of $1,500 a year for this purpose. An amendment that the amount of the appropriation be reduced to $1,200 waß recommended. ‘ Four bills were considered by the House Committee on Judiciary B. two of which were reported out today, for passage and two for Indefinite postpone- , ment. Those which were recommended for passage are: Bill providing that no persons mav i sell steamship tickets or deal In foreign exchange without paying a bond of SIO,OOO to the State Treasurer; and a i bill legalizing all bonds, notes and ob- | ligations issued and incurred by cities, counties and townships for corporate or municipal purposes or improvements. Those which were recommended for Indefinite postponement are: Bill legalizing county highway bonds issued hy order of county boards without affecting any litigation now taking place; and a bill requiring lawyers to rewrite pleadings when they have not been expressed In the proper manner. Two bills were reported favorably by the Committee on Insurance. One extends the authority of stock fire insurance companies to write certain kindß of insurance, and the other appropriates SIO,OOO for codifying the Insurance laws of the State. The reports were adopted by the House. Enough Wool to Last Two Years FARGO, N. D„ Jan. 21.—The wool surplus in the United States now Is 950,000,000 pounds, enough to last this couutry two years, according to U. L. Burdick of Williston, president of the North Dakota Faint Bureau Federation. Burdick told the Tri-State Grain Growers’ Association that 437,000,000 pounds of Australian wool has been brought, Into this country this year, and that a yr--1 tactive tariff is imperative. ,

CONSTITUTION PROPOSALS UP Sixteen Amendments Before Senate for Second Passage. Sixteen resolutions, each an amendment to the Indiana constitution, were expected to come up for passage In the Senate today. The amendments passed both houses in the 1919 session of the Legislature and are now up for their second consecutive passage, as required for the amendment to the constitution. The amendments passed at this session will go to a referendum vote at the next gea* cral election. The sixteen proposals follow: 1. Granting of full suffrage to women. This proposal has been superseded by tbe Federal amendment. 2. Giving the Legislature power to classify counties for registration purposes. 3. Providing for reapportiomnent of the State for legislative purposes. 4. Providing for installation of a budget system. 5. Providing that the Governor may veto separate sections of oppropriatlon bills. 6. Providing that State officials may hold office four instead of two years. 7. Providing that county officials shall hold office four years. 8. Making the office of clerk of the Supreme Court appointive. 9. Making the office of prosecuting attorney a four-year office. . 10. Providing that the General Assembly may fix qualifications of persons to be admitted to the bar. 11. Making the office of State superintendent of public instruction appointive instead of elective. 12. Giving the Assembly sole power to provide a system of taxation. 13. Giving the Legislature power to levy a tax on incomes. 14. Admitting negroes to the State Militia and National Guard. 15. Providing that no term of office may be lengthened or the salary thereof increased during any term. 16. Making possible amendment of tbs constitution by a majority of voters voting on the amendment instead of a majority of those who voted at the last previous general election. HORSE-TRACTOR TEST UNDER YVAY In his talk on “Horse and Tractor Investigations on Indiana Farms," at this morning’s session of the annual meeting of the Indiana Draft Horse breeders’ Association. at the English Hotel. Prof. O. G. Lloyd, head of the department of farm management, Purdue University, told of an investigation that is being conducted by the department on farms in the State where tractors are employed and on farms where only horses are em-' ployed, to obtain data as to the results accomplished and the expense incurred. Other speakers during the morning session were Major 8. H. Bell. Woostef, Ohio, on “Fundamentals Underlying Successful Horse Breeding in Europe,’’ and R. B. Cooley, secretary Indiana stallion enrollment board, Purdue University, on “Type of Horse Preferred by Eastern Farmers.” The program for the closing session, this afternoon, included the election of officers and addresses by George Dix, Delaware, Ohio; Prof. D. J. Kays, Ohio State University, - Columbus, Ohio, and Dean J. H. Skinner, School of Agriculture, Purdue University. EGGS ARRIVE FROM CHINA. NEW YORK, Jan. 21—The arrival of 206,000 dozen eggs from China and Japan caused a price drop of 10 cents on the dozen on all grades In Eastern market, except cold storage eggs. Eggs from Western States sold here today at from 71 to 73 cents a dozen, wholesale.

Prices Smashed This is certainly the time to buy while business is quiet. Buy here and save more. Men’s Shoes, in black or tan, English w # *TusataatE* or round toe lasts. These shoes formerly \ I*B . I sold at $6.00 to SB.OO. \i*l / Now $3.98 and $4.98 11,1 I Ladies' Shoes, in black or tan, high or lrl I low; military heels. These shoes ij*| formerly sold at $6.00 to SIO.OO. J4*| 1 Now $2.98, $3.98 and $4.98 \ Ladies’ Felt House Slippers that J formerly sold as high as $2.98. L*/ g Jr Now 98£ to $1.48 hi Boys', Men’s and Children’s Shoes. All reduced at and below cost, at to $2.98. * Government Shoes Renovated, $2.50 and $3.00 10,000 pairs genuine Russet Army Shoes, slightly worn, but neefcly repaired. Renovated shoes mean shoes which were reiij jm claimed and sterilised by the i government and la wearing l®jr value they are equal to new. US We have put new soles and B heels on them, also repollshed M t, the u PP ers - You 0411 a P lr these shoes as cheap as to / have your old shoes repaired on< * they will wear you more twice as long. Try a pair. | One of small slses, 6 to 7%. While they last The Nu-Way Shoe Cos. inc. 151 North Illinois Street 4 Doors Bouth of Ohio Street Mall Orders Promptly Filled

Money to Loan on Mortgages STATE LIFE INSURANCE CO-

SCHWAB DENIES HUGE PERSONALEXPENSE CLAIMS (Continued From Page One.) expenses was assessed against the boarffj and that a voucher proving this had been, discovered white an audit of the board's' affairs was being made, Schwab said: "This is absolutely and maliciously false.” Schwab declared that when President! Wilson and other high officials of the government asked him to accept the chairmanship he told them he did not desire to do so because of his connection; with the Bethlehem corporation. They! urged him to undertake the work as his 1 duty to the country. Schwab testified he absented himself! from all meetings of the Fleet Corpora-! tlon and the Shipping Board at which; business with the Bethlehem Ship Building Corporation was under discussion. Eugene R. Grace, president of the Bethlehem Steel Corporation, who pgeceded Schwab, endeavored to refute Oelonel Abadies accusations that the <sovernmeut bad been mulcted of upward ofi $100,000,000 in the construction of vessels during the war by the Bethlehem Shipbuilding Corporation. it wag arranged that Schwab give his testimony in detail next Tuesday or Wednesday. WILSON APPROVES YAP DISCLOSURES WASHINGTON, Jan. 2L—President Wilson has given permission to the State Department to lay before the Senate! Foreign Relations Committee all the confidential facts in the Government’s possession relating to the Island of Yap, it was learned today. Acting Secretary of State Davis, it was understood, will give the committee the l information Tuesday. His story will bei a supplement to his recent statement on the world cable situation. Members of the committee, while they accept the official estimate of Yap’s Importance os a cable station, are divided as to how far this Government should insist on its proposal that the island, held by Japan, be Internationalized, Slayer of Wife Gets Five-Year Sentence DALLAS, Texas, Jan. 21.—Arthur Jetty,; confessed wife slayer, was under a fiveyear sentence today after a Jury found; him guilty of manslaughter. Mrs. Jetty,. 19-year-old wife, was slain a year sgoj She was shot three times and her head beaten to a pulp. “She was untrue to roe while I was ini Jieance,” Jetty confessed. “I killed her! when I found her living with another! man.” The Jury refused a first-degree murder conviction.

principles OF PROFITABLE INVESTMENT This tpien did boo Wfat fiiird with sound advice on investin It is a text-book os lodging tecorLv values, and show* yon how to distinguish between the sound and the unsound —how to draw the tine between speculating and investing. It shows yeas how to systematise yom saving and your investing on a monthly basis. It is substantially printed and bound —a book yon v* ill want to keep permanently. It will be of great yohie to you, but we send it FREE. KRIEBEL 6 CO. lA'VB*STMjr;\’T AAVAERg , 137 So La Sdlle St * Chicado e

Fire and Burglar Proof Safes and Vault Doors Real Fireproof Filing Sales in Five Sizes From 20x30 to 40x60 in* Ide. These safes can be equipped with any stee 1 filing system. A complete line of office furnl ture and equipment Aetna Cabinet Company Display room* 321-329 \V. Maryland, Indianapolis