Indianapolis Times, Volume 33, Number 228, Indianapolis, Marion County, 1 February 1921 — Page 10

10

STOCK MARKET TONE STEADY Only Fractional Changes in Prices During Initial Hour. NEW YORK, Feb. I.—Although the tpeeulatlvi* element generally expected to aee a anpplv of stocks at the opening of the stock market today, as a result of the strained money situation yesterday, there was no pressure in evidence and about the only selling was that which came from the professional element on the floor. Price changes were confined to small fractional range and were about equally divided between trifling gains and losses. Even Mexican Petroleum had a swing of only % of a point In that period, yielding from 158% to 158. United States Steel sold off >4 of a point to 82% and Baldwin was down % of a point to 89%. Reading opened up % of • a point at 83%, and then declined to 83%. Northern Pacific sold off % of a point to 84% and then rallied to 85. Southern Pacific dropped % of a point to 87%, while General Asphalt advanced % of "a point to 68%, and later reacted to 69%. At the end of the first qnarter of an hour the list was generally very close to the final prices last night. The decline in sterling exchange and the Increased interest attached to the outlook for the settlement of German reparations following the strained conditions of the money market, which developed yesterday were Incentives for sales of stocks by room traders generally during the first hour. But the losses were not of substantial extent and moderate rallies followed the declines. Ignited States Steel showed a loss of % of a point, selling down to 82%, and Baldwin yielded 1% points to 88%, but later rallied to above 89. Atlantic Gulf and West Indies also declined over 1 point, selling down to 69%. Mexican Petroleum moved In an orderly manner for that stock, declining 1% points to 175% and then rallying to 67%. (By Thompson A McKinnon.) —Feb. 1— Yesterday's market was an orderly affair. There was nothing unusual in the trading or in fluctuations. In the news we find several matters that are of great Importance. The subject of wages of railroad employes promises to become interesting and may assume a position of real importance. In Europe, the subject of German reparations Is a real serious one Uow and while terms have been outlined, the enforcement of them may become a serious problem. At all eveDts, these subjects are deserving of considerable attention on the part of traders. They may have considerable influence In shaping values. Locally, the tem chiefly of interest yes terday was the action of the directors of the Studebaker Corporation in declaring the regular dividend and of unusual Importance was the statement of the president of the company that sales during the month of January exceeded the corresponding month of last year. This is another evidence of the fact that we have over-discounted the depression and that the public has taken too gloomy a view of the business situation. In a few days there is likelihood that we may have a segregation plan of the Reading Company and thus there will be removed an element as frequently of weakness as of strength. During the day there were several periods of weakness as the result of some rather heavy and concentrated selling, but as heretofore the market took good i care of itself, and was able to rally ; quickly from the depression, though the late advance in money was a little more disturbing. We anticipate ront nuation of just such markets for the next f w weeks aud unless something of an unfavorable character develops, greater activity will follow and more tliau likely with higher prices and we continue to recommend the purchase of stocks on ali , reactions.

Money and Exchange

Indianapolis batik clearings today were $2,192,000, against $2,762,000 a week ago. NEW YORK, Feb. I.—The foreign exchange market was decidedly weak at the opening today. Demand Sterling declined 2%c to *3 .81%. Francs yielded ten centimes to .0640 for catdes and .0689 for checks. Lire yielded six points to .0362 for cables and XE*>l for checks: Marks were .0151. Belgian cables .0729, checks .0728; guilder cables ..33.83, checks .3373; Swedish checks .2185, cables .2190. MOTOR SECURITIES. (By Thompson A McKinnon.) —Feb. 1— —Opening— Bid. Ask. Briscoe 14 15 Chalmers com *. 1 1% I'aekard com 10% 11 Packard pfd 75 77 Chevrolet 150 .... Peerless 22 22% Continental Motors com 6% 7 Continental Motors pfd 90 95 Hupp com 13% 13% Hupp pfd 88 93 Reo Motor Car 22 22% Elgin Motors 5 6 Grant Motors 3% 3% Ford of Canada 250 260 United Motors 35 30 National Motors 4 0 Federal Truck 19 21 Paige Motors 17% 19% .Republic Truck 22 23 * ACTIVE OIL STOCKS. (By Thompson A McKinnon.) —Feb. 1— —Opening— Bid. Ask. Anglo-American Oil 19 19% Atlantic Refining 1003 1075 Borne-Serymser 390 410 Buckeye Pipe Line 83 86 Cbesebrougu Mfg. Cons 150 “■ 0 Cheaebrough Mfg. Cons. pfd. 107 110 Continental Oil, Colorado 110 115 Cosden Oil and Gas 0 6% Crtscent Pipe Line 30 33 Cumberland Pine Line 120 125 Elk Basin Pete 8% 8% Eureka Pipe Line 90 93 Galena-Signal Oil, pref., new 94 98 Galena-Signal Oil, com 45 47 Illinois Pipe Line 172 176 Indiana Pipe Line 84 87 Merritt Oil 12% 13 Midwest Oil 1 1% Midwest Itfg 137% 139 National Transit - 27 ,29 New York Transit 160 165 Northern Pipe Line 94 97 Ohio Oil 283 286 Penn.-Mex 35 38 Prairie Oil and Gas 485 495 Prairie Pipe Line 197 202 Sapulpa Refg 4% 4% Solar Refining 370 386 Southern Pipe Line 107 113 South Penn Oil 238 243 Southwest Penn Pipe Lines. 70 74 Standard Oil Cos. of Cal 295 300 Standard Oil Cos. of Ind 69% 70% Standard Oil Cos. of Kan.... 575 595 Standard Oil Cos. of K.v 430 440 Standard Oil Cos. of Neb 300 410 Standard Oil Cos. of N. Y.... 352 356 Standard Oil Cos. of 0hi0.... 380 400 Swan A Finch 45 55 Union Tank Line 110 115 Vacuum Oil 320 330 Washington Oil 30 35 NEW YORK CURB MARKET. (By Thomson A McKinnon) —Jan. 31. —ClosingBid. Ask. Cnrtis Aero, com ..... 3 5 Curtis Aero, pfd 10 20 Texas Chief 7 13 First Natl. Copper ... % 1 Goldfield Con 6 6 •Havana Tobacco 1 1% Havana Tobacco, pfd.. 6 8 Cent. TVreia 3 5 Jumbo Extension 6 R Inter. Pe roleum 16 16% Nlptssing 8 8% Indian Pkg 8% 3% Royal Baking Powder. 105 no Royal Bak Powd. pfd 79 82 Standard Motors 7 „ 8 Salt Creek 24 28 Tonopah Extension ... 1% 1% Tonopah Mining 1 5-16 1% United P S new 1 7-16 1% U S Light and Heat.. 1% 1% V S Light A Heat pfd. 1 1% Wright-Mattin 1 ' 2 World Film 5 7 Yukon Gold Mine Cos.. 1-16 3-16 Jerome 1 1% New Cornelia % % United Verde 15 18 Loft Candy 28 30 Sequoyah 5-10 7-16 Omar OU 2% 2% Rep. Tire ... 1% 1%

N. Y. Stock Prices

—Jan. 31— Prev. High. Low. Close, close. Ad-Rumely com. 18% 18% 18% Ajax Rubber... 37 36% 30% Allis-Chalmers.. 35% 34% 34% 35% Am. Agri 56% 55% 65% 55% Am. B. Sugar.. 45% 45% 45% ..... Aru.B.Mag. Cos.. 56% 55% 55% 56% Am. C. Fdy 123% 123 123 124% Am. Can 32% 31% 31% 32% Am.H. & L.oom 9% 9 9 9% Am.H. A L.pfd. 44% 43 44 44% Am. Drug 7% 7% 7% Am. Inter. Corp. 47% 46% 46% 46% Am. Linseed.... 62% 60% 60% 62 Am. Locomo 83% 83% 83% 83 Am. S. A Ref... 43% 39% 43% 40% Am. Stig. Ref... 93% 93% 93% 93% Am. S. Tob. Cos. 81% 80% 80% 81% Am. S. Fdy 30% 30% 30% 30% Am. Tel A Tel.. 99% 99% 99% 99% Am. Tobacco ...119% 118% 118% 119'% Am. Woolen 67% 07 67% 67 At.'G. AW. 1.. 71% 65% 70% 69% Am. Z. A Lead. 9 9 9 Ana. Min. C 0... 40 38% 39% 39% Atchison 85% 82% 83 82% Bald. Locomo... 00% SS% 89% 89% B. A 0 35 34 % 34% 34% Beth. Steel (B) 58% 56% 57% 57% Can. Pac. Ry. ..117% 117 117 118 Cent. Leather.... 41 40% 40% 41 Chaad. Motors.. 74% 72 72% 72% C. A 0 69% 59 59 C.M. A St.P 28% 28 28 28% CM. A St.P.Dfd. 44Vi 43% 43% 44% Chi. A N. W.... 68% 68 68 68% C.R.I. A Tac... 27% 20% 20% 27% C.R.1.AP.6 pepfd 63 62% 62% C. pepfd 74% 74% 74% .... Chili Ccnper.... 12% 12% 12% 12% Chino Copper.. 22% 22% 22% ... Coca Cola 23% 23 23% 23% •Colum. Gas... 61% 60% 00% 63 Colum. Graph.. 11% 11% 11% 11% Contln. Can ... 65% 65% 65% 66 Con. Candy Cos. 3% 3% 3% 3% Corn Prods 72% 72 72 72% Crucible Steel.. 95% 93 93% 95 Cub Am Sugar. 30% 29% 29% 30 D. A H. G. pfd. 4% 3% 4 4% Endleott 63% 62 62% 62% Erie 13% 13% 13% 13% Erie Ist pfd 20% 20 20% 19% Famous Plavers 58% 57% 57% 57% Fisk Rubber Cos 15% 34% 15%, 14% General Asphalt 71% 68 69 % 68% General Cigars. 61 61 61 Gen. Electric.. .128% 128% 128% 128% General Motors. 15 14% 14% 15 Goodrich 41 41 41 40% Gt. North pfd.. 78% 77 77 78% Gt. North. Ore. 29% 29% 29% ... Gulf States Stl 35% 34 34 35% Houston OU ... 77 78 78 75 Illinois Central. 91% 90% 90% ... Insplra. Copper 35 34 % 35 35 Interboro Corp. 4% 4% 4% 4% Interboro pfd .. 13% 13% 13% 13 Inter Harvester 9'<% 95 95 96 Inter Paper ... 62% 60 Cl 61 Vi Invincible Oil . 24% 24% 24% 24% K C. Southern. 20 19% 19% ... Kell-Spg Tire . 48% 47 47% 47 Kennecott Cop. 20% 19% 20% 19% Lacka S'eel ... 54 53% 53% ... Leows, Inc 16% 16% 16% 16% L. A N 101% 101 Vi 101% 101% Marine com 15 14% 14% Marine pfd 54% 53% 63% Max. Mot. com. 5% 5 5 5% Mexl-an Petr01.,160% 157% 158% 158% Miami Copper.. '19% 19% 19% 18% Mid. Sts 0i1... 14 13% 14 13% Midvale Steel... 31% 31 31 31% M„ K. A T 32% 32% Mo. Pac. Ry... 19% 18% 18% 18% Nat. En. A Stp. 02% 62 62 National Lead.. 72 72 72 Nev. Con. Cop.. .11% #ll% 11% 11% N. Y. Central... 72% 71 Vi 71% 72% New Haven 21 Vi 20% 20% 21% Norfk. A West..loo 100 100 101 North. Pacific.. 87 85% 85% 86% Okl. Pro. A Ref. 8% 3% 3% 3% Pacific Oil 36% 86 36 Pan-Am. Petrol. 76% 75 75% 75% Penna Ry 41% 41% 41 % 41% People's Gas... 38 37 % 37% 38% Pierce-Arrow .. 26% 26 26 Pierce Oil 10% 10% 10% 11% Pittsburgh Coal 60 60 60 61 Presd Steel Car 95 94 95 94% ‘Pull. Pal. Car. ,10S% 107% 107% 111 *, Pure Oil 35% 35 85 37% Ray Copper 13% 13% 13% 13% Reading 84 Vi 83% 83% 84 Hep. Irn. A Stl. 67% 66% 66% 67 ♦Jtyl. Dch. N. Y. 60 65% 65% 66% 'Sears-Roebuck. 89 88% 89 91% Sinclair 24% 24 24 24% Southern Pac... 9s T * 98 98 98% Southern Ry 23% 22% 22% 23 8. Oil N. J pfd..109 3 10 s % 109% 108% St.L. A S.F.com. 22 21% 21 % 22 „ Studebaker 59% 56% 67% &>% Tenn. Copper... 8% S% 8% 9 Texas Cos 44 43% 4.i% 4.1% Texas A Pac... 22% 21% 21% •Tob. Products 54% 53% 53% 63% Traits. OU 10% 10 10% 10% Union Oil 23% 23% 28% l nioii Pacific... 120 119% 119% 119% It. Ret. Stores. 56% 55% 55% 56% U. S. F. I*. Cor. 26 % 25% 25% 26 Un. Fruit C0...108 107 107 IoS U. S. In. Alco.. 69% 69 69 69% U. S. Rubber... 70% OS% 68% U. s. Steel 83 82% 82% 83% U. S. Steel pfd.llo% 110% 110% 11<*% Ctah Copper.... 59% 50% 67 67 Vanadium Steei 37% 37% 37% 37% Vir.-Car. Cbem.. 37% 37% 37% 36% Wab. Ist pfd... 20% 20% 20% 20% W. Maryland... 10% 10% 10% 10% West. Cnlon 85% 85% 85% West. Slectric.. 45 44% 44 % 45 White Motors... 39% 39 39% 38% Willys Overland 8% 8% 8% 8% Worth. Pump.. 51% 60 50% •Ex. Dividend. NEW YORK LIBERTY BONOS. —Jan. 31— Prev. High. Low. Close, close. S.. B. 3'Vs 92.00 01.90 91.90 92.00 L. B. Ist 4s 87.70 I, B. 2d 4s 86.50 86.50 L. B. Ist 4%5.. 87.50 87 20 87.20 87.32 L. B. 2d 4Vi g... 80.74 86.30 80.30 80.70 L. B. 3d 4%s 89.90 80.20 89.20 89.92 L. B. 4th 4%5.. 86.98 86.50 80.00 87.00 victory 3%s 97.38 97.34 97.30 97.30 Victory 4%s 97.40 97.26 97.26 97.34 TWENTY STOCKS AVERAGE. NEW YORK, Feb. I.—Twenty Industrial stocks averaged 76.13, down .21 per eent. Twenty active rails averaged 76 17, down .43 per cent. CLEARING HOUSE STATEMENT. NEW YORK, Feb. 1. Exchanges, $1,080,439,706; balances, $70,421,477; Federal Reserve Bank credit balances, $3778,393. CniC.AGO STOCKS. (By Thomson A McKinnon) —Jan. 31— Open. nigh. Low. Close. Armour, pfd. .. 92% Carb. A Carbon. 58 58 56% 56% Libby 12% 12% 12% 12% Mont.-Ward ... 16% 16% 16% 10% Nat. Leather ... 8% 8% 8% 8% Swift A Cos 103 Vi 103% 102% 102% Swift Inter. ... 27% 27% 27% 27% Reo Motors 22% 22% 22 22 Piggly Wiggly .15

In the Cotton Murket

NEW YORK, Feb. 1. —The cotton market was quiet at the opening today. Recessions In sterling, selling by spot houses. Wall street and Liverpool, and offerings from room traders, contributed to the depression. The supply was absorbed by local houses and trade interests, which held prices around initial levels during the first fifteen minutes. Later a renewal of 10-al selling developed. under which values dropped about 17 points below the close yesterday. New York cotton opening—March, 14c. May, 14.10 c; July, 14.50 c; August, 14.53 c; October, 14.75 c; November, 14.75 c bid; December, 14.85 c bid; January, 14.80 c bid. LIVERPOOL, Feb. I.—Liverpool spot cotton opened quiet today with prices easier and sales close to 3.000 bales. American biddlings, 17.00d; good middlings. 10.1'Sd ; middlings. S.4Sd : full middlings, 9.33d: low middlings. 7.3d; good ordinary, 5.83d; ordinary, o.OSd. Futures opened quiet. TRANSIT COMPANY REORGANIZES. LANSING, Mich., Feb. 1. —Reorganization of the Goodrich Transit Company, owning six lake freighters, was completed tday when the public utilities commission authorized Issue of $1,100,000 of stocks an bonds. The company is transferring Its place of organization from Maine to Delaware and is refunding its bonds. HEAVY WHEAT MOVEMENT. KANSAS CITY, Feb. I.—Wheat movement In Kansas this year was the greatest ever reported for the first month of any year. This was due to heavy purchases by exporters and improvement of the railway service following a freight car short--OCK \

HOG PRICES AGAIN STEADY Draggy Tone Hits Cattle Market—Calves Steady. RANGE OF HOG PRICES. Good voofi Good Jan. - Mixed. Heavy. Light. 26. [email protected] J 10.25 @ 10.50 27. 9.75@ 10.00 9.50@ 9.75 [email protected] 28. [email protected] 9.50(310.00 10.00® 10.50 29. [email protected] 9.25® 9.75 [email protected] 31. [email protected] 9.50@ 9.75 [email protected] Feb. 1. 9.75 @ 10.00 9.40@ 9.75 [email protected] There was a fairly active tone to the trade on the hog market at the opening of the local live stock exchange today, with both the local packers and the shippers with eastern house connections In the market. Prices were generally steady with the close of the Monday market. There tvns a top of $10.50 on a few light hogs, but the bulk of that grade brought [email protected], with a fair number sales at $10.35 and $10.40. Good heavy hogs generally brought $9.40©9.00, with a few at $9 75, while medium and mixed hogs were $9.75(g10. The hulk of sales for the day was $9 7510.25. Receipts for the day approximated 9.000 fresh hogs, with only a limited number left over from the Monday market. With light receipts and only a limited demand by the principal buyers, the cattle market ’ took on a draggy tone and prices were barely steady. Receipts t or the day were close to 400 fresh cattle, with a fairly large number in the pens from the market of the day before. There was a fair tone to trade on the caif market, with light receipts at close to 300 calves and a fair demand by buyers. Prices were generally steady, but there were a few odd sales at $14.50, which was 50c higher than any sales on the Monday market. There were not enough sheep to tpake a market. At the opening there was one sheep In the pens, but later about tweutyflve or thirty came in. HOGS. Best light hogs. 100 to 200 lbs average $10.25©10.50 200 to 300 lbs. average 9.400$ 0.75 1 Over 300 ibs 8.73© 9.25! Sows 7.508-25 1 Best under 140 lbs 9.50©10.25 i Bulk of sales 92)0(^10.23 CATTLE. Prime cornfed steers, 1,030 lbs. and up 8.75@ 0.50 Good to choice steers, 1.200 to 1,300 lbs 8.00<3 8.75 Good to choice steers, 1,100 to 1.200 lbs 7.50<3 KOO Medium steers 1.000 to 1,100 lbs 7.25® S 00 Common to medium steers, MX) to 1,000 lbs 5.50© 7.00 ! —lleifers and Cowa — Good to choice heifers 6 00(3 8.00 Medium heifers 4.25® 6.00 Common to medium heifers.. 4.00® 3.00 j Good to choice cows 6.00® 6.00 Fair to medium cows 4 oc® 5.00 Cutters S.OO© 3.75 Cauners 2.75© 3.23 —Bulls— Good to choice butcher bulls 5 00© 7.00. Bologna bulls 4.50® 5 50 Light common bulls 6.00© 7.00 j —Calves— Choice veals 13.00©14.00 ; Good veals 12.00© 13.(H1 ; Medium veals O.OOi* 12.00 Lightweight veals fi.OO'i 700 Heavyweight veals 7.00© 8.00 Common heavyweight calves 5.00© 8.00 j —Stockers and Feeders— Good to choice steers, under 800 lbs 7.o*® BO’ Medium cows 4 50® 600 Good cows 5.00© 5.50 Good heifers 5 50© 6.00 . Medium to good heifers 5.00© 600 Good milkers 50.00©93 00 Stock calves. 250 to 450 lbs... 5.00© 8.00 BIIEEP AND LAMBS. Good to choice sheep 3 00© 3.50 Fair to common 2.00© 3.00 Bucks 2 00® 2.50 Cull sheep loo© 1.50 Lambs— Common to choice yearlings 5.50© 7.00 j Spring lambs B.oo{g 10.00

Other Live Stock

CHICAGO, Feb. 14Hosts— Receipt*, ; market 10c lower; bulk, s9.4*l© ‘J'.'O; butchers. $9.4<'©9.50; packers, sß.4<) ©9 lights, s9.Bs©R> -•>: pigs, >9©10.23; roughs, $8 15©8.40. Cattle .-Receipts, 14._ ooo; market weak and lower; beeves. t-7 ©It); butchers. ss©s 45; runners and cut t. rs, .*,1. 45© 5 .45; Stockers and feeders, s■;, ©8 30; cows, $4 5 -©7 la; calve,, Jin .'•*>,( 1;{.25. Bbeep Receipts, 12.000; market steady: lambs, s7©lo ewes, s2©s. CINCINNATI, Feb. 1 Hogs -Receipts, 4.-00; market steady to 250 higher; h'-uvy hogs $9.75© 10 45; mixed, tld.Uf.4ib'h 1; mediums and lights, 110.T5; pigs, t 0 <>; roughs, $8; stags, $6 50. Cuttle—Receipts, 600: market generally steady, bulls steadv; calves, sl4© 14 50. Sheep and lambs -Receipts, 150; market weak; sheep, $150@5; lambs, s.>©ll. CLEVELAND, Feb. 1. —Hogs Receipts, 4,500; market, 15©45c up; Workers. §10.05; mixed, 510.05; medium, $0.75; pigs, til; roughs, SS; stag*. SO. tattle lteieipts, 150; market, slow. Sheep and lambs- Receipts, S00; market, steady ; top, Calves—Receipts, 4UO; market, steady; top, $15.50. PITTSBURGH, Feb. I—Cattle -Receipts, SO ears; market slow; choice, $9.45©.50; good. $8.75©9; fair, $7.50©8; veal calves, $14©15. Sheep and lambs Receipts fair; maiket slow; prime wethers. $5.75©d; good, $5©5.50; fair mixed. $40j1. 55; spring lambs, s'.*©lo. Hogs Receipts, 40 doubles; market lower; prime heavies, $0.75© 10; mediums, heavy vorkers anil light yorkers. $11©11.45; pigs, $10.75©U; roughs, $7©8.45; stags, ss© 6. FAST BUFFALO, Feb. I—Cattle—Receipts, CO cars; market, fairly active; shipping steers. $8.50©0; butcher grades, $7.25©8.23; cows, $4©6.75. Calves—Receipts, 500; market, active, steady; culls, choice, $4 50© 10. Sheep and lambs Receipts Ik doubles; market, slow, steady; choice lambs, J9.50©:9.75; culls, fain $0 ©9; yearlings, s7©B; sheep, $4.30©5..i0. Hogs—Receipts, KMOO: market, active, steady; Yorkers, $10.45© 11; pigs, sll© 11.45; mixed, *10.45© 10 : heaves. ©10; roughs, $7.75©8; stags, $5.50©0.50. MAST ST. LOUIS, Feb. I.—Cattle Receipts, market, slow and lower; native beef steers, $7.50©.8; yearling beef steers and heifers, s7©B; cows, $5©0.43; stockers and feeders, so©7; calves, sl2© 14.50; eanuers and cutters, s{©4.so. Hogs —Receipts. 18,500; market, steady; mixed and butchers, $9.75©10.10; good heavies, $9.50©9.75; rough heavleff. $7.50©.8; lights, [email protected]; pigs, $9.50© 10.10; bulk of sales, $9.55©.10.10. Sheep—Receipts, 1,600; market, slow; ewes, s4©s; lambs, $10.43 ©10.50; canners and cutters, $1.50©2. INDIANAPOLIS PRODUCE. Eggs—Fresh, loss off, 47c. Poultry—Fowls, 44©49c ;sprlngers, 4<c; cock#, 10c; stags, 10c. old tom turkeys, 35c; young tom turkeys, 14 lbs. and up, 40c; capons, 7 lbs. and up, 34c; young ben turkeys, 8 lbs. aud up, 40c; cull, thin turkeys not wanted; young tom turkeys. 40c; ducks, 4 lbs. and up, 45c. ducks, under .4 lbs., 40c; geese, 10 lbs. and up, 20c; squabs, 11 lbs to dozen, $7; guineas, 9-lb, size, per doz., $6. Rabbits—Drawn, per dozen, $4.50. Butter —Buyers are paying 48©49c for creamery butter delivered at Indianapolis. Butterfat—Buyers are paying 45©46cc for cream delivered at Indianapolis. CLEVELAND PRODUCE. CLEVELAND, Feb. I—Butter—Extra, in tub lots, 53V*j©54c; prints, 54%©55c; extra firsts, 54Vi©54c; tirsts, 51 */j©s4c; seconds, 44©45e; packing stock, 12@15c; fancy dairy, 25©30c. Eggs—Fresh gathered northern extras, 63c; extra lirsts, G4e; Ohio firsts, new eases, 60c; old cases, 59c; firsts, new, 59c; storage, 50c. Poultry—Live heavy fowls, 34©35c; light stock, 25c; roosters, 21c; spring ducks, 38©40c; turks, 45©50c; geese, 95c; spring chickens, choice, 31@32c. CHICAGO PRODUCE. CHICAGO, Feb. 1. —Butter —Creamery extras, 40o; creamery tirsts, 44Vic; firsts, 38©45c; seconds, 30<g,37c. Eggs— Ordinaries, 49@50c; firsts. 53c. Cheese — Twins, 23c; Young Americas, 26Vfcc. Live poultry—Fowls. 32c; ducks, 55c; geese, 23c; spring chickens, 49c; turkeys, 43c; roosters. 21c. Potatoes—Receipts 44 cais; Wisconsin and Minnesota, [email protected]. NEW YORK.CALL MONEY. NEW YORK, Jan. 31.—Money—Call money ruled 7 per cent; high. 8 per cent: low-, 7 per cent; time raves, steady, all OV4@7 per cent; paper, s'eady. Sterling exchange was steady, with business in bankers’ bills at $3.85 for demand.

INDIANA DAILY TiMEcj, i uficsDAY, bEDKUAKI 1,1921.

Local Stock Exchange

—Feb. 1— STOCKS. Bid. Ask. Ind. Rail A Light Cos. com.. 60 Ind. Rail. A Light Cos. pfd... 84 86 ludpls. A Northwestern pfd. ... 75 Indpls. A Southeastern pfd 75 Indpls. St. Ry 55 60 T. H. T. A Light Cos. pfd 68 T. H., I. A E. com 2 ... T. 11., I. A E. pfd 10 10 Union Trac. of Ind., com 1 Fniou Trac. of Ind., Ist pfd. 6 16 Union Trac. of Ind. 2d pfd 2 Advunce-Rumely, com 18 Advance-Rumely, pfd 49 ... American Central L-!f 255 Am. Creosote Cos., pfd 92% ... Belt. R. R., con. 62 68 Belt R. R . pfd 45 65 Citizens Gas Cos 30 34% Century Bldg., pfd 92% ... Cities Service, com 233 250 Cities Service, pfd 64 05% Dodge Mfg., pfd 93% ... Home Brewing „ 55 ... Indiana Hotel, com 69% ... Indiana Hotel, pfd 92% ... Ind. Nat. Life Ins. Cos 4% ... Indiana Title Guaranty 69 71 Indpls. Abuttoir, pfd 45 50 Indpls. Gas 45 60 Indpls. Telephone Cos. com.. 5 ... Indpls. Telephone Cos. pfd... 88 ... Mer. Pub. Util. Cos., pfd.... 40 60 National Motors 3 7 Pub. Savings Ins. Cos 2% ... Sterling Fire. Ins. Cos 7% 9% liauh Fertilizer, pfd 45 Standard Oil of Indiana 70 80 VaD Camp Hdw. pfd 90 100 Van Camp Pck. pfd 93 100 Van Camp Prods. Ist pfd... 92% 101 Van Camp Prods., 2d pfd... 02 Vandalia Coal Cos. com 5 Vandalia Coal Cos. pfd 10 Wabash R. K, pfd 20% ... Wabash R. R., com 8 ... BANKS AND TRUST COMPANIES. Aetna Trust Cos 100 115 Bankers Trust Cos 118 ... Commercial Nat. 8ank....... 07 74 Continental Nat. Bans 112 ... City Trust Cos 85 Farmers Trust Cos 200 Fidelity Trust Cos 122% ... Fletcher Am. Nat. Bank 230 230 Fletcher Sav. A Trust C 0... 160 Ind. Natl. Bank 205 283 Ind. Trust Cos 175 195 Live Stock Exchange Bank.. 885 Merchants National Bank... 280 National City Bank 110 120 Peoples State Bank 187 ... Security Trust Cos 120 ... The Stale Sav. A Trust Cos.. 00 95 Union Trust Cos 340 330 Washington Bank A Trust.. 130 BONDS. Broad Ripple 5s 62% ... Citizens .Street Railroad 65.. 70% Ind. Coke and Gas H ... Indian Ck. Coal A Min. 65.. 62 ... Indpls., Col. A Southern 88 ... Indpls. A Martinsville 65.... 54% ... Indpls. A North. 5 43% 48 Indpls. A N. W. 5s 63 69 Indpls. A S. K. 5s 45 ... Indpls., Shelby. A S. E. ss. 70 Indpls. St. Ry. 4 60 05 Indpls. Trac. A Ter. 5s 70 75 Kokomo, Marion AW. 65.... 77% 81 T. H , I A E 62 ... Union Trac. of Ind. 6s 63 58 Citizens Gas 5s 74% 81% Ind. Hotel Cos., 2d 6s 01 100% Indpls. Gas 3s 73% 82 Indpls. Light A lteat 5s 75% 83 indpls. Water 4%s 70 75 indpls. Wutei 55..... 88% 01 Mer. 11. A 4-. pfd. 3s 80 91 New Telephone Ist 6s 94 ... New Telephone Long Dls. si. 83% ... Southern Ind. Power 8s ... LIBERTY BONDS. Liberty first 3%s 91.70 02.20 Liberty second 4s 83.70 Liberty first 4Vs 86 00 I.ibci tv second 4'qs 86.70 83 90 Liberty third 4V.s 80.00 89.30 Liberty fouith 4©h 86.16 86.40 Victory 3%s 07.22 97.50 Victory 4%s 97.20 07.30 —Sales Two shares T. 11. T. A L. at <77.

On Commission How

TODAY’S PRICES. Apples—Missouri Jonathans, per bbl, $8.50; fancy Illinois Jonathans, per bbl., $7.50; extra fancy Grimes Golden, per bbl., $<V&9; extra fancy Winesaps, per bbl.. $8; Bell Flowers, per bbl., $6 50; Bnldwius, per bbl, $3.30. Spys, per bbl., $4 50®6; Rome Beauty, per bbl., SS; Kim.ard Red, per bbl, $0; Kings, per bid., $6; Wolf Rivers, per bbl , $5; None cStich, per bill.. $5; Malden blush, per bid, $155; Greenings, per bbl., $5 50; choice Jonathans, per bid., $6 Beam. Michigan navy, in bags, per lb., 5©5%c; Colorado pintoa. In bags, per lb., 6©7c California llmas, in bags, per lb., B%©9c, red kidneys, in bags, per lb., 10'/4@10%c; California limus, in bags, per lb„ S%©9e; California pink Chill, in bags, per lb., 7%©■*(•; yellow eyea. per lb., 12c; dried peas, green, per lb., 0c; split yellow peas, in 6u lb. bags, per lb., 9c; white kidneys, per lb., lie. Beets—Fancy home-grown, per bn., $1 50. Bananas Extra fancy high grade fruit, 50©00c per bunch; per lb., 808%c. Cabbage—Fancy Northern, per lb , 2c. Carrots—Fancy home-grown, per bu., sl. Celery—Fancy Florida (4-doz. cratei, per crate, $3.75; fancy Florida trimmed, per bunch, $1 Coeoanuts —Fancy, per do*. $1; per bag of 100, $3. Cranberries—Fancy C. C. Howes, per bbl , $17.70 per bu., $6. Grapefruit—Extra fancy Florida (Blue Goose brand) 46s ami 545, per box. $7; 64a, 70s aud 80s, per box, $7 25; fancy Floridas, 4tls, per box, $4; 545, per box. $4.50; 64s and 70s per box, $3; 80s, per box, $5. Lettuce—Fancy hothouse leaf, per lb., 22c; in barrel lots, per lb., 20c; fancy California Icebergs, per crate, $4 584. Oranges —California, all grades, $3.50© 6.50. Onions— Fancy Indiana yellow or red, per 100-lb. bags, $1 40; fancy Indiana white, per 100-lb. bags, $1.40. fancy Spanish, per basket, $2.50. Parsley—Fancy large Bike*, per doz„ sl. Potatoes—Ftincy Michigan and Wisconsin round whites, per 130-lb. bag, $2 40; 5 or 10-lb. bags, per bag, $2.35; fancy Idaho Gems, per bag, s2©2 25. Radishes —Button, large bunches, per do/.., $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, $2.40. Spinach—Fancy, per large basket, $1.40. Turnips—Fancy washed, per bu., $1.50; per crate, $2.50. Kale Fancy, per barrel, $2.23. Cauliflower— Fancy California, per crate, $2.75. Oyster Plant— Fancy, per doz., 50c. Leek —Fancy, per doz., 35c. gage—Fancy, per doz., 45c. Rutabagas Fancy Canadian, per 60 lbs, $1; per 100 lbs., $1.75. Peppers—Fancy, per small basket, 75c. Kumquats— Fancy Florida, per qt., 25c. Tangerines—Extra fancy Floridas, 14-is nnd 100s, per box, $4.50; 1965, per box, $4; 2165, per box', $3.50. Lemons—Extra fancy Callfornlas, 300s, per box! $4.50©4.75. Sassafras Bark—Per doz., 40c. Grapes—Fancy Imperial Malagas, per keg, $13@14. Strawberries —Fancy Florida, per qt., 75c. WHOLESALE FEED P KICF.S. Ton. Cwt. Acme middlings $38.00 $1.95 Acme dairy feed 42,00 2.15 E-Z dairy feed 47.30 2.46 Acme H A M 30.23 1.85 C. O. A B. chop 84.00 1.75 Acme stock feed 30.00 1.55 Cracked corn 32.50 1.05 Acme chicken feed 40.75 2.10 Acme scratch 38.75 2.00 E -7. scratch 36.00 1.85 Acme dairy tmish 40.00 2.35 Acme hog feed 45.50 2.30 Ground barley 44.00 2.25 Homlik yellow 31.50 1.00 Rolled barley 44.00 2.25 Alfalfa mol 39.00 2.00 Cottonseed meal 41.00 2.10 Linseed oil meal 51.00 2.00 Acme chick mash 49.00 2.50 FLOUR AND MEAL PRICES. E-Z Bake baker’s flour, 98-lb. cotton bags $10.20 Corn meal, 100 r lb. cotton bags 2.00 WHOLESALE BEEF PRICES. The following are today’s wholesale market prices for beef cuts as sold by the Indianapolis markets. Ribs—No. 2,31 c; No. 3,20 c. Loins - No. 2,25 c; No. 3,20 c. Rounds—No. 2, 22c; No, 3,18 c. Chucks —No. 2,13 c; No. 8, la* Plates—No. 2, Me; No. 8,12 c.

GRAINS DOWN ON HEAVY SALES Snow and General Weather Conditions Factors. CHICAGO. Feb. I.—Heavy selling of wheat caused prices to slump on the Chicago Board of Trade today. There was little buying power. Snow and other favorable weather conditions reported over the wheat belt also influenced the decline. Provisions were lower. March wheat opened at $1.59%, down l%c, and later lost B%c. May wheat opened at $1.47%, and dropped 2%c later. May corn was down %c at the opening, at 04%c, and lost %c before the close. July corn opened off %c, at 06%c, and dropped %c additional later. May oats opened off %c, at 41%c, and lost %c before the close. July oats opened v up %c, at 42c, but lost %c later. (By Thomson A McKinnon.) —Feb. 1— Wheat —The destruction of property and wealiA by the World War is a deeplying factor in mackets, particularly In wheat, as it is still selling considerably higher than prior to war. The chief reason for yesterday’s weakness was a sharp decline in prices In Buenos Aires. No reason has been made public for this weakness, but It Is quite possible that U Is contingent upon labor troubles which may prevent exportation of their surplus. No Indication whatever of any new export business, In fact, all of the news from abroad was in favor of lower prices. The domestic situation Is improving to the extent that the output of some of our mills in the Southwest show au Increase for last week, to the extent, also, that premiums for cash wheat In the Northwest are stronger and millers In the Southwest are strongly overbidding exporters. AU advices are' to the effect that the country Is selling very little. We believe that less stress should be placed upon this condition and more attention given to the steadily decreasing stocks and the very reluctant selling by the farmers. Coarse Grains—There Is some indication of a considerable falling off in the movement of corn, but the recent movement was so far in excess of requirements that supplies In sight have Increased materially. The hedging load against these accumulations rests upon the market, as there is a very poor distribution and no export demand. If the declining tendency is to be checked there must be a distinct betterment in the demand for the cash article. Provisions—The report ;>f animals on farms is about ss expected. If any surprise at ail. it is that the decrease Is not larger than shown. Smaller packers were sellers of products. Lower grain prices were an Influence. CHICAGO GRAIN. —Feb. 1— WHEAT— Open. High. Low. Close. March... 1.59% 1.59% 1.55 1.55% May 1.47% 1.47% 1.43% 1.44 C< May77... 64% 01% 63% 01% July...- 66% 06% 63% 00% ° Via V ~ ... 41 Vi 41% 40% 41% July 42 42 41% 41% PORK— Mm v 22.50 22.50 22.20 22.20 LARD— Marche.. 12.00 12 60 12 50 12.00 May 13.10 13.10 13.02 13.10 RIBS— May 1190 11 92 11.82 11.85 RYE — July 1.Y4 1.14 1-09% 1.11% CHICAGO CASH GRAIN. CHICAGO, Feb. I.—Wheatr-No. 3 red. $1.87; No. 1 Northern spring, $1.31%; No. 4 Northern spring, $149%. Corn—No. 1 white, 02c; No. 2 yellow, 02®03c; No 3 white, 55%®590; No 3 yellow. 58®59c, No. 4 while, 55%@30c; No. 4 yellow, 55© 50%e. 4hits No. 1 white, 39%c; No. 2 white, 39%®30%c; No. 3 white, 3;©39%c; No. 4 white. 30c. TOLEDO CASH GRAIN. TOLEDO, Feb 1. Wheat- cash, sl7s. March, $1 HO; May, $1.05. Corn—No. 2 yellow. 02c. Oats -No. 2 white, 43c. Rye —No. 2. $1 44. Barley—No. 2,63 c. Clover seed Cash (1919. $11.50; cush t1920i, and February, til,80; Marti. $1195; At.HI, $10.20. TNunthy- Cash (10181. $2 90; cash (1019). $3; February and March, $3(15; April and May. $3; September, $3.25. Ala Ike —Casff (new), $15.50; March, sl4 70. INDIANAPOLIS CASH GRAIN. —Feb. 1 Bids for car lots of grain nnd hay at the call of the Indianapolis Board of Trade were: Wheat No sales. Corn Easier; No 3 white, 58%®61c: No. 4 while, 56%©59c; No 5 white, 52% ©34%c; No. 3 yellow. 58©00c; No. 4 yel-

We Own and Offer With Our Recommendation: $600,000.00 HENRY SEVERIN REALTY COMPANY 7% First Preferred Stock Tax Exempt Dated February 1, 1921 Shares SIOO.OO Dividends payable quarterly—April 1, July 1, October 1, and January 1. Exempt From All Indiana Taxes and the Normal Federal Income Tax Callable at any dividend date at 103 and accumulated dividend. f MATURITIES sls,ooo—April 1, 1925 s2o,ooo—April 1, 1932 15,000—April 1, 1926 20,000—April 1, 1933 15,000—April 1, 1927 20,000—April 1, 1934 15,000—April 1, 1928 20,000—April 1, 1935 15,000—April 1, 1929 20,000—April 1, 1936 15,000—April 1, 1930 20,000—April 1, 1937 20,000—April 1, 1931 20,000—April 1, 1938 / s3so,ooo—April 1, 1939 PRICE: Par and accumulated dividend, yielding 7% The Henry Severin Realty Company has been formed to acquire in fee simple, the ownership of the Hotel Severin property, .which is located at the southeast corner of South Illinois and Georgia streets, feet on Illinois and 167 feet on Georgia street. The hotel is a modern fireproof building of 12 stories, with 334 guest rooms, also convention halls, dining rooms, roof garden, and is one of the best appointed and popular hotels in Indianapolis. Mr. John J. Appel has appraised this property for us at $1,043,250, giving a value of $243,250.00 for the ground and SBOO,OOO for the building. The Bedford Stone and Construction Company, the original contractors for the building, advise us that it could not be reproduced for $1,000,000.00. On this basis, the building and ground would have a value in excess of $1,243,000.00. The property is leased to the Gates-McClellan Hotel Company, which has successfully operated the property since the hotel was built in 1912, at an annual rental of $60,000. The tenants agree to pay all taxes and insurance and make all improvements during the term of the lease. At the expiration of the lease, the furniture and fixtures valued at $125,000 become the property of the Realty Company, which is security, in addition to the real estate. The recent track elevation improvements at the Union Station, which eliminates the underground crossing at Illinois street and the grade crossing at Meridian street, greatly enhances the value of this property. The proceeds of this loan will retire the present outstanding bonds and preferred stock, which makes this issuo an absolute first charge on the property. The floating indebtedness is limited to $5,000.00. Insurance must be maintained to protect preferred stock. • The property can not be conveyed or encumbered without the consent of all the preferred stock. The legal proceedings have been approved by our attorneys, Messrs. Smith, Remster, Hornbrook and Smith. Fletcher American Company Indianapolis

low, 56@58e; No. 5 yellow, 53@55e; No. 4 mixed, 52%@55%c; No. 5 mixed, 58%® 50%c. Outs—Easier; No. 2 white, 39@41c; No. 3 white, 3S@4oc. Hay—Weak; No. 1 timothy, $23.50@24 ; No. 2 timothy, $23®23.50; No. 1 light clover mixed, [email protected]; No. 1 clover hay, [email protected]. —lnspections Wheat —No. 2 red, 1 car; No. 4 red, 1 car; No. 3 dark hard, 1 car; total, 3 cars. Corn —No. 2 white, 1 car; No. 3 white, 0 cars; No. 4 white, 8 cars; No. 5 white, 4 cars; No. 3 yellow, 2 cars; No. 4 yellow, 17 cars; No. 5 yellow, 6 cars; No. 3 mixed, 1 car; No. 4 mixed, 0 cars; No. 5 mixed, 3 cars; total, 53 cars. Oats—No. 1 white. 1 car; No. 2 white. 10 cars; No. 1 mixed, 1 car; total, 12 cars. Hay—Standard timothy, 1 car; No. 3 timothy, 1 car; No. 1 light clover mixed, 1 car; total, 3 cars. PRIMARY MARKETS. (By Thomson A McKinnon.) —Feb. 1— Wheat. Corn, Oats Chicago 03,000 917,000 276,000 Milwaukee 5,000 109,000 21,000 Minneapolis... 800,000 22,000 15,000 Duluth 92,000 6,000 42,000 St. Louis 137,000 95,000 94.000 Toledo 13.000 20,000 27,000 Detroit 10,000 10,000 20,000 Kansas City.. 122.000 23,000 3,000 Peoria 1,000 62,000 23,000 Omaha 25.000 89,000 18,000 Indianapolis 105,000 90,000 Totals 777,000 1,408,000 629,000 Year ago... 549,000 985,000 585,000 —Shipments— Wheat. Corn. Oats. Chicago 72,000 853,000 177,000 Milwaukee.... 1,000 76.000 15,000 Minneapolis... 83,000 27,000 73,000 Duluth 34,000 ..... St. Louis 121,000 91.000 131,000 Toledo 7,000 11,000 28,000 Detroit 5,000 2.000 0,000 Kansas City.. 269,000 18,000 IS’SiS Omaha 06,000 60,000 Indianapolis 41,000 -a,OOO Totals . ... 000.000 751,000 540.000 Year ago... 576,000 689,000 444,000 —Clearances — Dorn. '5 . Philadelphia 25-<M Baltimore 5’299 New Orleans ____ 'T' o t a t fl 131,000 Year ago" HAY MARKET. The following are the Indianapolis prWs for hay by the wagon load: Hay—noose timothy, new, mixed hay, new, s2l @23; baled, $24@25. Oats —Bushel, new, 45@30c. Corn —New, 70@75c per bushel. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying $1.70 for No. 1 red wheat, $167 for No. 2 wheat and $1.64 for No. 3 red. ‘Movie Bair to Take Place of^Moon light’ BOSTON, Feb. 1. —Now comes the movie bail I South Shore dancers who were deprived of tlieir ’•moonlight dances” hy the solons upon Beacon Hill are enjoying a quiet chuckle at the expense of the legislators. Little they care for the old-fashioned ■‘moonlight glides” which the lawmakers declared were taboo. Movie balls are the latest In the Weymouth aud South Shore towns. The lights in the hail are dimmed, the latest “Wild West” comedy or love film thrown on the screen and the couples glide over the floor to the tune of a Jazz orchestra. Dancers and dance owners, who have been considerably worried for the past few months over the moonlight dance law, declare that the latest fad Is a winner. Even dad and mother are persuaded to come down to the hall and view the pictures from the balcony. They are able to keep ono eye on daughter, Mary, who Is dancing with her best fellow. Staid old Weymouth was shocked when they beard of the new dances. Movements were started in different sections of the town asking that managers be compelled to stop the performances. The younger folks prevailed, as ever, anil mother and father had to give In to them. The largest day’s sales on the New York Stock Exchange In 1919 occurred on Nov. 13, when 2,032,835 shares were dealt In.

GERMAN FOOD PLENTIFUL, HIGH Wages Fail to Keep Pace With H. C. of L. WASHINGTON, Feb. I.—A vivid picture of present-day conditions In Germany In comparison with those In prewar days is presented In a report reaching Washington. The author of the report is W. E. Jones, formerly a consular clerk In the American Legation at The Hague, who recently spent some time In Berlin. "One familiar with pre-war Germany will be struck by the present shabby appearance of the railroad coaches and rolling stock In general,” says the report. “It Is evident that the coaches have not received a coat of paint or varnish for some time. , “The customs examination on the border is rather strict on entering Germany and stricter on leaving. The latter examination Is evidently carried out to prevent the overflow of capital and securities. The regulations are that no gold or sliver, Irrespective of the currency, may be taken out of Germany, but must be converted Into German paper money at the border." BERLIN LOOKS DREARY. The report says that Berlin, both by day and night, presents a dreary aspect as compared with pre-war days. “The vast majority of houses and shops have not received a coat of paint since 1914 and the streets are not by any means as clean as In 1914,” It Is stated. “The streets at night are badiy lighted, as are the shops, restaurants and cases. This curtailment of light Is due to a scarcity of coal. There is considerable anxiety among the general population in regard to fuel for heating purposes during the coming winter. “In view of the general Idea prevailing outside of Germany that the Germans still lack food, It Is astonishing to find that the shops are abundantly supplied with all kinds of foodstuffs with the exception of butter, meat and bread. There appears to be an abundance of practically everything but for the German the prices are exceedingly high.” A comparison of prices prevailing In 1914 and those at the present time shows that tremendous increases have taken p’ace In ail the commodities in every-day use. Rents It is stated, have risen only slightly compared with other costs, as landlords are prevented by law from charging 30 per cent above the pre-war rate. MIDDLE CLASSES SITTER. “From conversation with men I knew prior to the war and with others whose acquaintance I made on this visit I learned that salaries have Increased about secen or eight times, so that in view of the fact that tha cost of living has risen from twelve to fifteen times, the average Individual Is much worse off than In pro-war days.” add 9 the report. "It Is generally understood that the workman’s position Is better than that of tha middle class in comparison, but is nevertha less worse than formerly. The lower classes present a rather strained appearance and In many cases appear to be somewhat undernourished. Many men I know prior to the war were certainly much thinner, and explained this by the one word—‘food.’ Many ehlldrern are barefooted, a thing unknown before the war.” One cheering feature noted In the report is that the "tipping" system has been practically abolished, waiters now re reiving fixed wages. The prices charged usually Include 10 per cent for service hut the service has suffered materially by the change.

and Revere Motor Stocky™ SELL 415 LEMCKE BLDG. TUSIO THOS. C. DAY & CO. INSURANCE BROKERS 705-715 Fletcher Trust Bldg. Main 1325

BISON SAID TO BE ON INCREASE WASHINGTON, Feb. I.—Although a few years ago slaughter of even a few bison would have been deemed a national calamity, the biological survey ol the United States Department of Agriculture will make no definite effort to atop the proposed shooting of a considerable number of these animals on the privately owned Antelope Island In Great Salt Lake, announced in news dispatches. While regretting the announced decision of the owner of the herd to turn the fine animals over to sportsmen at S2OO a head, Dr. E. W. Nelson, chief of the biological survey, does not find It expedient to curtail other and more necessary game preservation measures by seeking a congressional appropriation to buy this herd at the owner’s price. A bill to purchase the Island and animal* for $300,000 recently was Introduced by Congressman Welling of Utah. “The dark day of the bison has passed," said Dr. Nelson, reverting to the time not many years ago when the principal remnant of the countless herds that once roamed this continent consisted of a pitiful group of less than 100 In Yellowstone National Park, where they were prey to poachers because ot inefficient protective laws. “Asa matter of fact, with the present rate of Increase, It may become a problem in a few years how we shall care for the buffalo on the national preserve* It would be desirable for the Government to own the .antelope Island herd, but there are other and more urgent uses for the money. I would much rather it were spent to buy additional range land north and south of Y’ellowstone Park for the sustenance of the elk which find insufficient winter feed within th grounds." Statistics of the American Bison So clety show that on Jan. 1, 1920, thera were 3.393 captive and wild buffalo In the United States, of which 1,032 were undei the direct protection of the Federal Government. The rate at which the animal* are "coming back’’ may be partially realized from the fact that the Jan. 1, 1920 figures give 298 buffalo on the national bison range at Moise, Mont., while recent figures show 330. The nucleus of this herd was forty buffalo in 1909. Tha leader Is Kallspell Chief, a fine veteran, who has maintained the primacy of tha herd through the years. This herd Is under the protection of the Biological Survey, as are also sixty-one animals at Wind Cave, S. D.; seven at Sully’s Hill, N. D.; twenty-eight at Niobrara, Neb. Df the other buffalo under Government protection, the January, 1920, figure* give twenty-one In the National Zoological Park at Washington; six on th Pisga Game Preserve, N. D.; three on tha Platt National Park, Okla.; 119 on tha Wichita National Forest. Okla.; 502 in Yellowstone National ark. There were 489 buffalo calves born tha United States in 1919.

PRINCIPLES OF PROFITABLE INVESTMENT splendid book U filled with sound ‘ advice on investing. It is a text-book no Judging security values, and shows you how to distinguish between the sound and the unsound—how to draw the line between speculating and investing. It shows yon how to systematize your saving and your investing on a monthly basis. It is substantially printed and bound—a book you will want to keep permanently. It will be of great value to you, but we tend it FREE. KRIEBEL 8 CO. /.VJ'JBSTMEATT AUVAmS >JB7j>° La Salle St ~ Chicago f