Indianapolis Times, Volume 34, Number 174, Indianapolis, Marion County, 1 December 1921 — Page 10

10

SMALL LOSSES FEATURE STOCK MARKET DEALS Northern Pacific Holds Finn, but General Tone Is Reactionary. Special to Indiana Dally Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Dec. I—With the ex-i-eption of isolated examples of strength tmong the rails and a few specialties, the general tone of the* stock market again was reactionary. Recessions were mostly of a fractional character, with scattered examples of weakness here and there. International Paper, Davison Chemical and United Drag were weak, and SearsIJoebuck again broke sharply, but recovred most of the loss before the close. Northern Pacific was the strongest of e rails and the outstanding feature of te whole market for that matter. Buyg was based on expectations relating > the dividend today on the Burlington tock. Local anticipations have been iomewiat inflamed by Chicago advices predicting an extra disbursement of a substantial character. There was a good demand for New Haven In early trading, but this stock reacted along with the rest of the market toward the close. Tobacco stocks were quite active, although their course was irregular, with the exception of General Cigar which advanced more than four points. Columbia Gas and Electric advanced to new high levels on the announcement of an advance in rates granted by the Cincinnati city council to its operating subsidiary at that point. Foreign exchanges were substantially higher, with sterling crossing $4 and francs and marks notably *strong. The conferences in London with representatives of German financial Interests, turnished the explanation for the strength In all three of these currencies. The weekly review of the Iron Age records little change in the existing situation and its chief feature of a cheerful character is reference to expectations of new buying from the railroad companies and pil Industry.—Copyright, 1921, by Public Ledger Company. WALL STREET GOSSIP. BY MONITOR. Directors of the Chicago, Burlington & Quincy railroad were to meet in Chicago today and declare the regular dividend of sls a share, according to authoritative sources In this city. Reports have been prevalent for more than a week that inside selling was in progress in Mexican Petroleum. When the prtee'broke to 112 a number of stop loss orders were caught resulting In a decline below 110. Short covering in the last half hour forced an advance of nearly 2 points. Tomorrow the members of the New York Cotton Exchange will vote to accept or reject the plans of the building comfor the contemplated new home of the that organization. The plans call for the construction of an edifice which will not only house the exchange, hut will provide office space. Estimates place the cost at approximately $4,000,000. Columbia Gas was one of the specialties which advanced in the face of declines in the general list. Large buying orders made their appearance on a report that the company had consummated anew contract with the approval of the authorities at Cincinnati fixing the rate of natural gas at an Increased rate. Today there is due the interest on $lO.000000 convertible debenture gold 7s of the Atlantic Fruit Company. It la announced that the interest will not be paid. The lack of support which has been evident in Davison Chemical continues. Not until the o-otation had broken under 50 was th' any evident demand for the stock. A special meeting of the stockholders of the Haskell & Barker Company has been called for Jan. 4 In this city to approve the proposal c.' the Pullman Company to buy the former.

Weather The following table shows the state of the weather at 7 a. m., Dec. 1: Station. Bar. Temp. Weath. Indianapolis, Ind... 29.11 4H Cloudy Atlanta. Ga 50.06 52 Cloudy Amarillo, Tex 29.54 38 Clear Bismarck, N. D 29.58 30 Clear Boston. Mass 30.00 3S Clear Chicago, 111 29 78 50 Rain Cincinnati, 0hi0... 29.96 54 Cloudy Cleveland, Ohio 30.00 46 Clear Denver, Colo 29.68 48 PtCldy Dodge Citv. Kas... 29.60 36 Clear Helena. Mont 29.66 38 Rain Jacksonville, Fla... 30.10 60 Cloudy Kansas City. M 0... 29.62 56 Cloudy Louisville, Ky 29.98 54 Cloudy Little Rock. Ark... 29.70 60 Cloudy Los Angeles, Cal.. 30 10 52 Cloudy Mobile. Ala 29.94 58 Cloudy New Orleans. La... 29 88 60 Cloudy New York. N. Y... 30.06 42 Clear Norfolk. Va 30.06 48 Clear Oklahoma City 29.56 56 Cloudy Omaha, Neb 29.50 44 PtCldy Philadelphia. Pa... 30.00 44 Clear Pittsburgh. Pa 30.04 48 Cloudy Portland. Ore 29.88 54 Rain Rapid City. S. D.. 29.60 38 Clear Roseburg, Ore 29.92 50 Cloudy San Antonio, Tex.. 29.76 52 PtCldy San Francisco, Cal. 30.1S 54 Cloudy St. Louis, Mo 29.76 52 Cloudy St. Paul. Minn 29.50 34 PtCldy Tampa, Fla 30.06 64 Cloudy Washington, D. C.. 30.0S 3S Clear WEATHER CONDITIONS. The nortli western disturbance lias moved eastward since Wednesday morning and now extends in a trough-shape depression from Manitoba southward over the Plains region to Texas. Some rains have fallen in front of the disturbance from the Great Lakes to the Western Gulf coast, and higher temperatures prevail generally throughout the Mississippi Valley. The readings in all parts of the country are, as a rule, above the seasonal normal. WHITE RIVER CONDITIONS. At 7 a. m. today stages in White River wero as follows: Indianapolis, BA, falling; Elllston, 18.5, rising; Decker, 19.5, falling. The river at Elllston will crest at about 20 feet In the next twenty-four to thirty-six hours, but will be higher If rainfall Indicated for tonight and Friday is her.vy. J. H. ARMINGTON, Meteorologist, Weather Bureau. In the Cotton Market NEW YORK, Dec. 1. —Responding to weakness of Liverpool cables and early selling by Liverpool, the cotton market here opened barely steady today at a net decline of 22 to 28 points. Weakness continued after the start and 'at the end of the first fifteen minntes the lift was heavy at a net loss of 00 to 31 points. The South was a seller and local Wall street Interests bought. There was 12 notices in circulation early. New York opening cotton prices: December, 17.60 c: January, 17.45 c; March, 17.35 c; Mav, 17.05 c; July, 16.57 c; October. 15.85® 15.90 c. The market was weaker throughout the afternoon. Tbe cioee was steady at a net decline of 28 to 53 rc-ints. —Cotton Futures — Open. High. Low. Close. January 17.45 17.55 17.11 17.14 March IV 35 17.50 17.09 17.12 May 17.05 17.23 16.84 16 94 July 16.37 16.77 16.35 16.47 October 16 00 16.05 1.5.75 1)15.72 December 17.60 17.60 17.24 17.24 LIVERPOOL, Dec. I.—There was a limited demand for spot cotton at the opening of the market here today. Prices were barely steady and sales around 4,000 bales. American middlings fair, 13 39d : cood middlings, 11.69d: fully middlings, U.29d; middlings, 10.89: low middlings, 9.50)1; good ordinary, 7.Sld; ordinary, 7.09d. Futuna opened quiet

N. T. Stock Exchange (By Thomson & McKinnon.) —Dec. 1— Prev. High. Low. Close, close. Allied Chemical hi 54 50% 53% Ajax Rubber..., 18 17% 17% 17% A'Us-Chalmers.. 58 27% 37% 37% Am. Agri 32% 32% 32% 52 Am. B. Sugar... 27% 27 27 28 Ain, Drug 5% 5% 5% 5)4 Am. Car 0c Fy..149 142% 149 143% Am Can 32% 51% 52% 51% A in.II, A L.corn. 12% 12% 12% 12% Ain.H. & L.pid. 57 50 57 .... Am. Ice 74 7.’.% 75% 71 Am. Inter. Corp 59% 3i% 59% 58% Am. Linseed.... 52% 52% 52% 52% Am. Loco 95 94% 95 94% Am. S. A Kef.. 41% 41% 41% 41%. Am. Sug. lief.. 55% 55% 55% 54 Am. S. lob. Cos. 52% 51% 52% 51% Am. Steel Fdy.. 52% 51% 52% 51% Am. Tel. A Tel. 110% 110% 110% 110% Am. Tob 151 150 151 150 Am. Woolen ... 80% 80 80 79% Atl. Coast Line. 90% 89% 89% 90 Anaconda Min... 40% 45% 40% 45% Atchison 90 90% 90; s 00% Atl. G. A W. 1. 51 50 50% 50% Baldwin L0c0... 98% 97% 98 97% B. A O 07 Vs 57% 57% 57% Beth. Steel B).. 50 55'% 55% 55% Cal. Pete 45% 42% 45% 42% Can. l’ac. lty.. 120% 119 119 122 Cent. Leather... til 50% 50% 51 Chand. Mot 40% 4040% 40 C. A 0 00 59% 59% 59% C., M. A St. I*. . 25% 22% 22 *,s 22% C.VISTI". pfd. .. 37% 50% 50% 57 Chi. A North.... 70% 70% 70% 70 C., K. I. A t\... 54 55 % 54 55% CRll* o‘,c pfd. 70% 75% 70%% CRIP i'/o pfd.. 88% 87% 88% 87 Chili Copper .. 12% 12% 12% 12% Chine Copper... 20% 20% 20% 20% ; Coca Cola 59 57% 58% 57% Col. Fuel A Iron 24% 24% 24% Columbia Gas... 00 05% 05% 05% ColumbiaqGrap. 5% 5% 5% 5% Consolidat. Gas. 94% 94% 94% 94 I I C’osden Oil 55 32% 53 32% ! Corn Prswhret s.. 89 87% 88% 87% Crucible Steel... 05 63% 04% 04,% l Cuba Cane Sug. 7% 7% 7% 7% Del. A Hudson. 109% 108% 108% Del. A Lack.... 111% 111 • 111 111% Erie 12% 12 12 11%

Erie Ist pfd.... IS IS IS Famous Players 08% 08 08% 08% Fisk Rub. C 0... 9% 9% 9% 9> s Gen. Asphalt... 01% •62 Ca 05% 05 v* Geu. Cigars.... 09 07% 09 00% Geu. Electric.. .130 135% 150 150 Geu. Motors 10% lo.* s 10% 10% Gulf States Stl. 47% 47 .47% 47 Gt. North, pfd. 79% 70% 77 • 77% Gt. North. Ore.. 33% 32 32 32,’s Houston 0i1.... 78-;s 77% 78 7i% Haskell Barker 8080 80% 80% Illinois Central.loo 90 99 100 Inspir. Copper.. 37% 37% 37% 38 Inv.nc. 0i1..... 12% 15% 12v's 12% ludiahoma 4% 4% 4% 4 Inter. Harvester 79 78% 78 s 78% Inter. Nickel.... 12% 12 12 12 Inter. Paper.... 52 50 % 52 53% Ist. oil A Tran. 32: 2% 3_ -Kan. City Cos.. 25% 24% 25 25% Kelly-Spg. Tire 41% 41 41 40% Kennecott Cop. 25 24% 25 24% Eacka Steel 42% 41Js 49% 41: Lehigh Valley.. 59 s 57% 50% 58% I.ee Tire 28 28 28 27% Loews, lue 14% 14% 14% 14 Marine C0m.... 13% 12% 13% 12% Marine I’fd 00% 57% ot'% 57% May Stores .... 89 89 89 89 Mout.-Ward ... 15% 14% 15 14% Maryland 0i1... 27% 20% 27% 20% Mexican Pet 112!, 110% 112% 111% Miami Copper.. 25% 25 25 25% Middle S. 0i1... 15% 14% 15 * 15% Midvale Steel... 25% '24'% 25% 24'% Missouri Pac.. 19!* 19 19 19 Missouri Pac p 47 40% 40% 47 National Lead.. 81% 81% 81% 81 Nevada C. Cop. 13% 13% 15% 13% N. Y. Central .70 75% 75-, New Haven .... 13% 13% 15% 15% Norfolk AW. .. 99% 99 99 99 Northern Pac. . 84% 82% S3 82% Pure oil 59% 58% 58% 39% Pacific Oil 45% 44% 45% 45 Pan. Am. P 51% 50% 51% 51% Peuna. lty 34% 54% 34% 34!* People's Gas ... 50% -"si 50% 50 Pierce Arrow .. 13% 13% 13% 15% Pierce Oil C 0... 15% 13% 13% 13%

Pittsburgh Coal 00% 59 59 % 58 P. Steel Car ... 00% 04% 00% 04% Pullman Pal C.. 109 108 18 198% ! Ily S. Spring* 90 88% 9" 92 Ray Copper ... 11% 14% 14% 14% Reading 74% 73% 73% 73% Rep. Iron A S. 50% 49% 30% 49% 11. D. of N. Y. 49% 40% 49 40% ! Sears Roebuck . 55% 50% 5S 57 ■ Sinclair 23 22% 22% 22% j Southern Pac... 81% 80% 80% 80% Southern lty... 20 19% 20 20 St. L.ASW. lty. 22 21% 21% 22% Stand O, N J.. 157% 178% 187% 177% St. L. AS.F. O. 23% 22% 23% 23% Stromberg Carb 30% 30% 30% 50% Studebakcr .... 70% 75% 70 75% Tex. Coal A Oil 29% 28% 23)% 28% Texas Cos. 40 45% 40 45% Texas l’ac 25V. 24 21% 24 Trans. Oil 9% 9% 9% 9% Union Oil 20% 19% 20% 19% Union Pacific .. 128% 128 128% 130 Uni. Ret. Stores 52% 52% 52% 52% IT. S. Food Cor. 11 10% 10% 11% United Fruit .. 125 122% 123 121 United Drug ... 69% 09% 69% 09% IT. S. Ind. A1.... 37% 35% 37% 50 IT. S. Rubber 49% 49% 49% 49% U. S. Steel 83 82% 83 82% U. S. Steel pfd.113% 112% 115% 112% Utah Copper 59% 5.8% 59% 59% Vanadium Steel 31% .31% 51% 31% Vir.-Car Cbern.. 30% 29% 30% 29% Wab. Ist pfd... 22% 22 22% 22 White Oil 12% 12% 12% 12% Western Union. 91 90% 90% 90% West. Electric.. 47% 47% 47% 47% White Motors... 38% 38 38% 38 Willys Overland 5% 5 5% 5% Worth. Pump.. 42% 42% 42% 43 West, Pacific... 19 IS% IS% 19 •Ex-dividend.

NEW YORK LIBERTY BONDS. Dec. 1— I’rev. High. Low. Close, close. Liberty 3%s- ... 96.30 96.18 90.20 96.40 Liberty Ist 4s 97.30 Liberty 2nd 4s 97.24 97.24 Liberty Ist 4'/% 98.00 97.30 97.40 97.20 Liberty 2nd 4%s 97.70 97.30 97.41 97.28 Liberty 3rd 4%s 95.10 97.56 97.64 97.70 Liberty 4th 4!4s 97.90 97.46 1)7.60 97.50 Victory 3*',s ... 99.96 99.94 99.90 99.96 Victory 4*is 99.98 99.90 99.98 9J.9S CHICAGO STOCKS. (By Thomson & McKinnon.) —Dec. 1— Open. High. Low. Close. Armour pfd 94% Armour Leather .. 12% Carbide & Carbon. 46% 46% 45% 46% Libby 6% 6% 6% 6% Mont.-Ward 15 15% 15 15 National Leather . 2% 32% 2% Piggly Wiggly 19)4 19% 19 19 Sears-Roebnck .... 57 58 57 57 Stewart-Warner .. 23% 24 23% 23% Swift &Cos 100 100 % 99% 100% Swift International 20% 20% 20% 20% NEW YORK PETROLEUM. NEW YORK, Dee. I.—Petroleum was in fair demand on the market here today and sold at steady prices, Pennsylvania crude petroleum bringing $4 per barrel. NEW YORK TUTtPENTINE. NEW YORK, Dec. I.—Turpentine sold at So%c per gallon on the market here today. NEW YORK METAL MARKET. NEW YORK. Dec. 1. —Copper—Steady; spot, November, December and January offered, 13c. Lead—Steady ; spot, November, December and January offered, 4.70 c. Spelter—Steady; spot, November and December offered. 4.70 c. NEW YORK WOOL. NEW YORK, Deo. I.—Trade in woo] was rather quiet on the market here today, with prices steady. Domestic fleece, XX Ohio, was quoted at 23®.38c; domestic pulled, scoured basis, at 18®67c and Texas domestic, scoured basis, at 40®75c. WHOLESALE FEED PRICES. Ton. Cwt. Acme Bran s2R.no $ 3.5 Acme Feed 26.00 L 35 Acme Midds 30.00 155 Acme Dairy Feed 43.00 2”0 E-Z-Dairy Feed 38.75 17u Acme H. & M 31.75 IRS Acme Stock Feed 25.75 L4O Acme Farm Feed 31.25 L 65 Cracked Corn 29.25 1.50 Acme Chick Feed 37.75 1.95 Acme Scratch 34.75 Lso E-Z-Scratch 32.25 l.ir, Acme Dry Mash 43.75 2.25 Acme Hog Feed 37.00 L9<) Ground Barley 37.75 L 95 Ground Oats 31 00 Loo Homlicb Yellow 28 2-5 1.45 Rolled Barley 37.75 14)5 Alfalfa Mol 33.59 1.70 Cotton seed Oil Meal 50.00 2.65 Linseed Oil Meal 48 50 255 Chick Mash 45.75 240 Tankage 55.50 4.15 Meat Scraps 78.00 4.15 FLOUR AND MEAL. E-Z-Bake bakers’ flour in 88-lb. cotton bags, $7.80. Corn meal In 100-Ib. cotton bags, $1.55.

STOCK MART HAS STRONG CLOSE Railway Group Strong Feature of Day’s Transactions. NEW YORK, Dec. I.—The stock market closed strong today. The feature of the trading was a sharp advance in American Car and Foundry to 149, a gain of over 5 points and anew high for the year. Following announcement of the Burlington dividend. Northern Pacific yielded from 81 '4 to 85% and Great Northern preferred yielded from 78% to 77%c. Le' .gh Valley was in active demand, selli g up over 2 points to 59%. Colt rado A Southern reacted fractionally after announcement that the stock had been placed on a dividend basis. Standard Oil of New Jersey featured the oil group with an advance of over 9 points to anew high of 187%. Steel common showed little change, closing at S3. Government bonds were unchanged and railway and other bonds strong. Total sales of stocks were C 15.500 shares. (By Thomson A McKinnon.) -Dev 1— The market was fairly active today, but the volume during the greater part of the session was more moderate than heretofore, and there wa: %ill considerable irregularity, though judging from the number of issues that attained higher levels, there can be no doubt but that the general trend is still upward, notwithstanding the fact that some issues have not yet recovered from the recent reaction. The rails have again shared in the day's activity and strength, and this is not at all surprising, considering the great improvement that has occurred and that is likely to continue in the affairs of the railroads. When you note the fact that during the month of October the Southern Railway was able to show a net of a million dollars greater than for the corresponding month last year, and the Pennsylvania nearly two and one-half million for the same period, the Northern Pacific one million two hundred thousand dollars, and the Great Northern one million six hundred thousand in excess of the same monlh last year, you can readily see that business improvement is no longer a theory but an actual and impressive fact. This naturally brings us up to the question of railroad credit. Is it not unreasonable to-suppose that, with furthei* economies resulting from the recent decision of the railroad labor board, revising the obnoxious and expensive rules that were inherited from the Government Administration, that the credit of the roads will again rqych a level consistent with their position, and thus enable them to serve their own interest and the interest of the Nation by a policy of extension and expansion, which is so <ssen ial to the growth of the country, and all of this is another link in the endless rhain of business, each step forward resulting in good for all. We continue to look forward with much confidence and again suggest the advisability of buying at every opportunity. TWENTY STOCKS AVERAGE. NEW YORK, Dee. 1. —Twenty active lni dustrials Wednesday averaged 77.30. down .40 per cent. Twenty active rails averaged | 70.53. down .33 per cent. CLEARING HOUSE STATEMENT. NEW YORK. Dec. I. —Exchanges, $909,100,000; balances, $75,800,000; Federal Reserve Bank credit balances, $52,500,000.

Money and Exchange Indianapolis bank clearings Thursday were $2,533,000. NEW YORK. Dec. I.—Tho foreign exchange market had a strong opening to 4 '.y, leading exchanges showing fair advances. Demand Sterling was I%C higher at $1.02. Francs rose i% centimes to 7.10 e for cables and 7.15 c for checks. Lire cables were 4.20 c; checks, 4.19 c. Belgian franc cables were 0.99 c; checks, 6.98 c. Marks were .0051%e. Guilder ratios were 33.30 c; checks, 35.48 c. Swedish kronen cables were 23.80 c; checks, 23.75 c. NEW YORK CALL MONEY. NEW YORK, Dec. I.—Money: Call money ruled 5 per cent; high, 5 per cent; low, 4% per cent; time rates quiet, all 5% percent. Time mercantile paper quiet. Stcrlin exchange was strong, with business In bankers’ bills at $4.04% for demand. MOTOR SECURITIES. (By Thomson A McKinnon.) Dee’ 1— —ClosingBid. Ask. Earl Motors 9% lo Packard com 7% 7% Packard pfd 68 69% Peerless 36% 37% Continental Motors com 0 6% Continental Motors pfd 84 87 Ilupp com 10% 10% Hupp pfd 92 97 lteo Motor Car 19% 20 Elgin Motors 4 4% Grant Motors 1% 1% Ford of Canada 125 248 International Motor corn 25% National Motors 1% 3 Federal Truck 14 16 I’alge Motors 14 15 Republic Truck 5 5% Butler Bros 33% 31%

ACTIVE OIL STOCKS. (By Thomson & McKinnon.) —Opening— Bid. Ask. Anglo-American Oil 21 21% Atlantic Lobos 8% J)% Borne-Scrymser 325 350 Buckeye Pipe Line S3 80 Chesebrough Mfg. Cons 185 195 Continental Oil, Colorado... .118 123 Cosden Oil and Gas 6% 7% Crescent Pipe Line 2!) 31 Cumberland Pipe Line 130 140 Elk Basin Pete 7 7% Eureka Pipe Line 84 87 Galena-Signal Oil, pref 102 lot! Galena-Signal Oil, com 49 45 Illinois Pipe Line 160 165 Indiana Pipe Line 82 85 Merritt Oil 10% 10% Midwest Oil 2% 3 Midwest Itfg 170 180 National Transit 29 31 New York Transit 145 150 Northern Pipe Line 08 102 Ohio Oil 2M) 285 Oklahoma P. & R 1% 5 Penu.-Mex 20 25 Prairie Oil and Gas 575 585 Prairie Pipe Line 235 240 Sapuipa Refg 3% 4 Solar Refining 360 380 Southern Pipe Line 90 92 South Penn Oil 228 233 Southwest Penn Pipe Lines., 56 60 Standard Oil Cos. of Ind 87% 87% Stmdnrd Oil Cos. of Kas 575 590 Standard Oil Cos. of Ky 435 445 Standard Oil Cos. of Neb 175 1.85 Standard Oil Cos. of N. Y 2SO 385 Standard Oil Cos. of Ohio 400 410 Swan & Finch 40 50 Vacuum Oil 328 333 Washington Oil 35 40 NEW YORK CURB MARKET. —Dec. 1 (By Thomson & McKinnon.) —Closing— Bid. Ask. Acme Packing 65 70 Curtis Aero com 1% 2 Curtis Aero pfd 18 ... Goldfield Con 3 5 Jumbo Extension 4 6 Imperial Oil (Del) 10 10% International Petroleum 15% 1(1 Nipisslng 6% 6% Standard Motors 4% 5 Salt Creek •. 13% 14% Tonopah Extension 1 7-16 1% Tonopali Mining 1% 1% United I*. S. new 111-16 13-16 I'. S. Light and Heat 1% 1% U. S. Light and Heat pfd... 1% 1% Wright-Martin 2 5 Y'ukon Gold Mine Cos 1% 1% Jerome 35 40 New Cornelia 16 17 United Verde 27% 28% Sequoyah 5 10 Omar Oil 85 90 Rep. Tire 12 20 TOLEDO SEED PRICES. TOLEDO, Dec. 1. Cloverseed —Cash. $12.65; January, $12.70; February, $12.75; March, $12.65. Alsike—Cash and December. $1)).70; February, $10.90; March, $ll.OO bid. Timothy—Cash and December SK) bid; January, $3.15; February, $3.22%; March. $3.27%. NEW YORK HIDES. NEW YORK, Deo. I.—Hides were firm in trade on the market here today, native steer hides selling at 15%c per pound and branded hides at 15®15%c.

INDIANA DAILY TIMES, THURSDAY, DECEMBER 1, 1921.

New York Bonds FOREIGN GOVERNMENT BONDS, (By Fletcher American Cos.) —Dec. 1— Bid. Ask. Arg. (unlisted) ss, Sept. 1, ’45 72 74 Belgian 6s, Jan. 1, ’25 96 90% Belgian 7%5, June 1. ’45 TO4 105 Belgian Bs, Feb. 1, ’4l 105% 105% Berne Ss, Nov. 1, ’45 108 108% Chile Bs. Feb. 1, ’4l 103 103% Christiania Bs, Oct. 1, '45....107 108 Copenhagen s*/>s, July 1, ’44. s:nz 89% Danish Mun. Ss, Feb. 1, ’40...107% 109 Denmark Bs, Oct. 15, ’45 108% ICO •Canadian 5%5, Dec. 1, ’22... 90 91% •Canadian 5%5, Nov. 1, ’23.., 89% 91 •Canadian 5%5, Nov. 1, '24... 88 90% •Canadian ss, Dec. 1, '25 87 88% Candian ss. Apr. 1, ’26 06 96% •Canadian Dee. 1, ’27... 90% 91% Canadian 5%5. Aug. 1. ’29.... 97% 97% Canadian ss, Apr. 1. ’3l 94% 95% •Canadian ss. Oct. 1, ’3l 87% 88% •Canadian s'/>s, Nov. 1, ’33... 91% 02% •Canadian 5%5, Nov. 1, ’34... 89 90 Canadian Os. Meh. 1, ’37 03% 94% •Canadian 5%5, Dec. 1, ’37... 92 94 •French (Viet.) ss, Opt., ’3l. 53 54% •French 4s, Opt., ’43 44 45 French Ss, Sept. 35, ’45 100% 101 •Italian (war) 5 31 62% Jap (first) 4%5, Fet). 15, ’25.. 80% 87 Jap (see.) 4%5, July 10, ’25.. 86% 87 •Tap 4s, Jan. 1. ’3l 70% 71 Norway Ss, Oct. 1. '4O 109% 110 Sao Panin Bs, Jan. 1, ’66 106 103% Swedish 6s, .Tune 15. '39 90% 97% Swiss 5%5. Aug. 1, ’2!L 95% 90 Swiss Ss: July 1. '4O 112% 113 V. Iv. 5%5, Nov. 1, ’22 99% 90% 17. K. 5%5, Aug. 1, ’29 95% 90 IT. K. 5%5, Feb. 1, ’37 94 % 95 Zurich Ss, Oct. 15, ’45 1071a 108% Brazil Ss 104% 105% French 7%s 95 90% Uruguay Ss 103% 105% Argentine 7s 99% 100% •Internal loans. CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s, Nov. ’25.101 101% Am. Cot. Oil os. Sept. 2, ’24... 0 % 93 Am. Tel. 6s. Oct., *22 100 100% Am. Tel. 6s, Feb., ’2l 99% 100% Am. Thread 6s, Dec.. ’2B 90% 100% Ain. Tob. 7s, Nov., ’22 100% 101% Am. Tob. 7s, Nov., ”23 101% 102% Anaconda 6s, .Tan., '29 90% 97% Anaconda 7s. Jan.. '29 ...101% 102 Anglo-Am. Oil. 7%5, Apr., '25.102% KVt Armour 7s. Julv 15,-’3O 102% 102% Atl. Ref. 6%5, Mel)., ’.31 101% 105 Belt Tel. of Can. 7s, Apr.. ’25 . 99% 100% Beth. Steel 7s, July 15. ’22....100% 100% Beth. Steel 7s. July 15. *23....10 1% 100% Can. Pac. 6s, Mch. 2. ’2l 100% s IOO% Cent. Arg. lty. os. Fell., '27... 90 % 91% ('.. It. I. A- P. 6s. Feb., ’22 99\ 100 1 1 Con. Gas Bs, Dec., ’2l 100% 101% Copper Exp. Bs, Feb. 15, '22.. 100% 101 Copper Exp. Bs, Feb. 15, '23..102 102% Copper Exp. Bs, Feb. 15, '24..103% 103% Copper Exp. Bs, Feb. 15, ’25..101% 105% Cudahy 7s, July 13, ’23 109 % 101 Fed. Sugar 6s. Nov.. '2l 97 97% Goodrich 7s. Apr.. ”25........ 95% 9!) Gulf OH (is, July, '23 99% 100% Gulf Oil 7s, Feb., ’3.3 102'.. 102% Hocking Val. (is. Mch.. ’24 97% 98.% Humble Oil 7s, Mch. 15, '23..100% 100% ! Int. It. T. 7s, Sept., ’2l 7.3 75 ;K. C. Term 6s. Nov. 15. ’23.. 99% IOOVi i Kenn. Copper 7s. Feb.. '30....100% 101 Laclede Gas 7s, Jan., ’29 97 98 I I’roc. Sc G. 7s, Meh., '22 10<> 100% I Proc. & G 7s, Mch.. ’23 101% 101% Pul). Ser. N. ,T. 7s, Mch., ’22... 99 99% It. J. Reynolds 6s, Aug.. ’22.. 100 Vi 100% Sears-Roebuck 7s, Oct. 15. "22 99% 100 Senrs-Roebuck 7s. Oct. 15, '23 . 99% 100 Sinclair 7%5, May 15, ’25 100 100% Solvny A Cie Ss, Oct., "27.... 103% 104% Southern lty. (is, Meh., '22.... 99% 99% S. W. Bdl Tel. 7s. Apr., ’25..101 101%, Stand. Oil (Cal.) 7s. Jan.. ’31.106% 107 St. Oil (N.Y.) 7s, Jan.. ’25-’3l 103% I(G% St. P I'. D. 5%5, Dee. 15, '23.. its'-. 90 j Swift 7s, Oct. 15, ’25 100% 101% Texas Cos. 7s, Meh. 1, ’23 101', 101% | Utah See. os, Sept. 15, ’22.... 97 9$ Western El. 7s. Apr . '25 101% 1.'1% Westiughouse 7s, May, '31.... 105% 100

Local Stock Exchange -Dec. 1— Bid. Ask. Tnd. Ry. & Light orn 60 65 lud. Ry. A Light pfd....... 75 ... Indpls. A 8. E. pfd ... ... Indpls. A- N. W. pfd ... Inlpis. St. lty 37 41 T. 11., T. & L. pfd 51% T. 11.. 1 A E. com 4% T. 11. 1 A K. pfd 12 IT. T. of Ind. com U. T. of Ind. ist pfd 7 U. T. of Ind. 2d pfd 2 Advance-Rumely com It) Advance-Rumely pfd Am. Creosoting pfd 92 Am. Central L.fe Bolt It. It. com 59 68 Belt 11. K. pfd 43 Century Bldg. Cos. pfd 91 ... Citizens Gas Cos 25% ••• Dodge Mfg. Cos. pfd 8S Home Brewing 49 Inil. Hotel coin 00 ... Ind. notel pfd 9-4 Ind. Nat. Ins. Cos .’!•% ... Ind. Title Guar. Cos 47% ... Ind. Pipe Lines 81 86 Indpls. Abattoir pfd ..•••• 40% 50 Indpis. Gas 42% 49 Indpls. Tel. com 2 indpls. Tel. pfd 00 Mer. I’ub. Util, pfd 41% 51% Nat. Motor Car Cos 1 % 4 Pub. Sav. Ins. Cos 4% ... Uauh Fertilizer pfd 40 Stand. Oil of Indiana 86 89 Sterling Fire Ins. Cos 7 7% Van Camp Ildw. pfd ...... ... 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandal!# Coni Cos. com ... 5 Vandadia Coal Cos. pfd 5 9 Wabash Ry. com Wabash lty. pfd 22 BONDS. Broad Ripple 5s 50 ... Citizens St. lty. sa, 67 Indian Ck. Coal A Mine 100 Ind. Coke A Gas 6s 83 89 Indpls., C. & s , 58 Indpls. A Martinsville 55.... 53% ..... Indpls. North. 5s 36% 43 Indpls. A N. W. 5s 49 58 Indpls. A S. E. 5s 45 Indpls. A S. E. 5s 75 Indpls. St. Ry. 4s 50 50 Indpls. T. A T. 5s 69'% ... T H.. 1. A E. TJ. T. of Ind. Os 47% 61% Citizens G'ls 6s 78 87 Indpls. Gas Cos 75% 84 Kokomo, M. A W. 55....... 78 86 Ind. Hotel Cos. 2d 6s £4 ... Indpls. L. A 11. 5s 81 89 Indpls. Water Cos. 4%s 74 83 Indpls. Water Op. 5s 91',s 9.) New Tel. Ist 6s 94 ... New Tel. I-. I). 5g 93% ... Sou. Ind. Power 5s 88% Local Curb Market (By Newton Todd) —Dee. 1— Am. nominy com 14 20 Burdick Tire ..<••• I 2 Central A Coast OU 1 2 Choate Gil C0rp...... % 1% Columbian Fire Ins, Cos 6 7% Comet Auto 1% 2% Dayton ltuber Units.. 67 74 Dictograph Prod, pfd 40 55 D. W. Griffith 8 9% Eigin Motor Car 3% 4% Federal Fin. Cos. pfd 76 $•(! Fed. Fin. Cos. com 122 129 G.t Sou. Prod. A. Kef 5 0 Hurst A Cos. pfd. *5 45 Indiana Rural Credits 53 (;., Metro. 5-10 c Stores com 8 H Metro. 5-50 c Stores pfd 25 30 Mitional Underwriting 3% 5 Revere Motors % % Rauch A Lang Units 46 53 Itub-Tex Units •••-••• 17% IT S Automotive Units 70 80 u! s! Mtg. Cos. Units 146 150 BANK STOCKS. Commercial Natl. Bank 71 81 Continental Natl. Bank 109 110 Indiana Trust Cos ..175 190 Indiana Natl. Bank 258 268 Merchants Natl. Bank 280 Natl. City Bank 105 110 Security Trust Cos 130 State Savings A Trust 91 96 Wash. Bank A Trust C 0.... ISO ... CLEVELAND PRODUCE. CLEVELAND. Dec. I.—Butter—Extra. in tubs, 50@50%c: prints, st@sl%c; extra firsts, 49@49%c; firsts, 48@48%c; seconds. 40®’40%e; packing stock, 27® 2Sc. Eggs—Fresh gathered, northern extras, 09c; extra firsts, 5Sc: Ohio firsts, new cases, sc; old eases, 54c: Western firsts, new cases, 50c. Poultry—Live, heavy fowls, 2<)®)22c; light, 10@18c: spring culls, 15@16c: spring ducks, 24® 27c; turkeys, 45c. Potatoes—Michigan, S3 per 100-lb bag; Early Obios, $2.80 per 2-bu bag; sweet potatoes, Jerseys, $3.75 per barrel, $2.20 per hamper.

GRAIN VALUES CLOSE LOWER Large Offerings Cause Declines After Early Strength. CHICAGO, Dec. 1. —Grain prices were slightly lower at the close of business on the Chicago Board of Trade today. Prices were higher during the earl, hours on news from the Southwest that the drought was injuring the wheat. The higher priceu brought out large offerings, however, anti caused a reaction. Provisions were lower. December wheat opened at $1.13%, off %c, and closed unchanged. May wheat opened unchanged at $1.17% and was %c lower at the close. December corn opened at 48c, unchanged and dosed off %c. May corn was %c off at the 01 eniug at s4%c and closed Vic lower. December oats opened off %c at 32%c and closed off %c. May oats opened %e lower at 38%c and closed %c lower. (By Thomson A McKinnon.) —Dec. 1— Wheat —Light rains at a number of points in the Southwest were largely ignored by the wheat market for the reason that grain dealers in Texas claim the condition of winter wheat is only 20 to 25 per cent of normal. The market was helped also by strength in Liverpool and Buenos Aires. Minneapolis reports say flour business is improving, although slow. Kansas City mentions the acceptance and ordering out for shipment of 500,000 bushels of wheat by millers. Deliveries of wheat in this market were not large, but aparentiy were not wanted, as the wheat was changing hands during the entire delivery hour. The tone of Broomball’s foreign crop news is a little more satisfactory. Evidently, there is no world-wide anxiety over the southern hemisphere crop, as foreign demand for Manitoba wheats is distinctly slow ns far as can be discovered. Showers 111 the Southwest may be the commencement of the breaking of the drought; if so, the market should react from here. Corn and Oats—Exporters were inquiring for corn, but tho volume of business was not large at the close. Country offerings are small, with current receipts at firm premiums. Elevator accumulations here ure being loaded out either for shipment East, or for winter storage in vessel bottoms. Cash interests generally were seen as buyers of December corn and outs, although in some cases the May vas being sold at the same time. Now t.iat December liquidation has been completed these markets are rather neglected, but we deem it inadvisable to anticipate lower prices. Provisions —The entire provision list was neglected, there being no outside interest and no indications of packers operations. The liog market showed an easy tone, but we think there Is little virtue in expecting any iuiportaut decline in values.

CHICAGO GRAIN TABLE. —Dec. 1 WHEAT— Open. High. Low. Close. Dec 1.1.3% 1.1514 1.13% 1.13% Mav.... 1.17% 1.19 1.10% 1.16% CORN— Dec 49 .48% .47% .47% May 54% .55 .51% .54% OATS— Dec 32% .33% .32% .32% May 38% .37% .38% .38% TURK •Jan 15.40 LAUD— Jan 8.52 8 52 8.50 8.50 May.... 8.92 8.92 8.90 8.90 It I I.S - •Jan 7 37 •May 7.72 RYE Dec 81% .85% .84 .85 May 91% .92% .90 .90% •Nominal. CHICAGO CASH GRAIN. CHICAGO. Dee. I.—Wheat No. 4 red. $1.23; No. 2 hard winter. $1.15%; No. 1 northern spring dark, $1 32; No. 3 northern spring dark, $1.25; No. .3 mixed. sl,lO. Corn--No. 2 mixed. 49%#i50'->e; No. 2 white, 49%®50e; No. 2 yellow. 49% Si.oO’jc; No. .3 mixed. 4 y %'-/soe; No. .3 white and vellow, 49'50e: No 4 mixed, 4S'j@49c; No. 1 white, 49c; No. 4 vel!"\v, 1V(/-19e. oats No. 2 white. ."A %(<c 30%c; No. 3 while, 33%@34%c; No. 4 white, 52®.33c. TOLEDO GRAIN PRICES. TOLEDO. Dec. 1— Wheat Cash and December. 81.25%: May, $133. Corn— Cash. 55® .’-Oc. Oat< Cash, ;ts-,;io%c. Rye—Cash, 84c. Barley—Cash, tk)c. .. PRIMARY MARKETS. (By Thomson A McKinnon.) —Dec. 1 Wheat Corn. Oats. St. Joseph.... 7,000 24.000 Chicago 10.000 308.000 121,000 Milwaukee.... 3,000 43.000 1 r.,(x > Minneapolis... 301.000 87,000 91,000 Duluth 291,000 24.000 St. Louis 42,000 60,000 34.000 Toledo 6.000 8,000 2,000 Detroit 7,000 4,000 Kansas City.. 211.000 IN.OOO 12.000 Omaha 23,00 102.000 .32,000 Indiana; oils 50,000 34,000 Totals 901.000 740,000 348,000 Year ago... 1,190.000 471,000 339,000 —Shipments— Wheat. Corn. Oats. St. Joseph 5.000 36,000 Chicago 91,000 90.000 158,00:) Milwaukee... 38.000 3.000 23,000 Minneapolis... 67.000 20,(SK> 66,000 Duluth 136 000 180.000 2.(HS) St. Louis 30.000 37.000 11.000 Toledo 53,000 0.000 8,000 Detroit 2.000 4,000 Kansas City... 108,000 23.000 17,000 Omaha 57.000 54.0(H) 10.000 Indianapolis.. 3,000 41,000 38,0(8) Totals 560.000 500.000 303.000 Year ago 1,888.000 569,000 541,00 —Clearances — Wheat. Corn, Oats. New York 11,000 Boston 125.000 Philadelphia. 153,000 Baltimore 264.000 Galveston .... 192,000 Totals 754.000 11.000 Year ag0.... 881,000 20,000

INDIANAPOLIS CASH GRAIN. —Dec. 1— Bids for car lols of grain and hay at, the call of the Indianapolis Board of Trade were; Wheat—No sales. Corn—Easier: No. 2 white. 53%®54c; No. 3 white. 01®52e; No. 4 white, 50®51c; No. 2 yellow, 55®;55%c; No. 3 yellow, 52%®53e; No. 4 yellow, 51%@52%e; No. 3 mixed, 00%@51%e; No. 4 mixed, 49'% @soc. Oals—Steady; No. 4 white, 47%®38%c; No. 3 wliite, 35%®36e. Hay—Steady; No. 1 timothy. $17®17.50; No. 2 timothy, $16.50®17; No. 1 light elover mixed, $16®16.50; No. 1 clover, $19®20. —T nspections— Wheat—Sample, 1 car. Corn—No. 4 white, 11 cars: No. 5 white, 3 cars; No. 6 white, l car; No. 1 yellow, 1 car; No. 2 yellow, 3 ears; No. 3 yellow’, 3 cars: No. 4 yellow, 12 cars; No. 5 yellow, 10 cars; No. 0 yellow, 4 <’ars: No. 3 mixed, 4 cars; No. 4 mixed, 2 cars; No. 0 mixed, 1 car; total, 55 cars. Oats —No. 1 white, 2 cars; No. 2 white, 1 car; No. 3 white, 5 cars; No. 4 white, 1 car; sample wdiite, 1 car; No. 4 mixed, 1 car; total, 11 cars. Hay—Packing hay, 1 car. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay—Loose timothy, slG@l7; mixed hay, $15®16; baled bay, $16@17. Oats—Bushel, new, per bushel, 32@35c. Corn—Old, per bushel, 55@60c. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying $1.20 for No. 1 red winter wheat; sl.lß for No. 2 red winter wheat and according to test for No. 3. Oats are quoted at 25c for No. 3 white or better. CHICAGO PRODUCE. CHICAGO, Dec. I.—Butter—Receipts, 4.500 tubs; creamery extras, 47c; firsts, 30%@45c; packing stock, 23@25e. Eggs —Receipts, 1,500 cases; current receipts, 59®.52c; ordinary firsts, 43®47c; firsts,.so ®s3c; checks, 26@2Sc: dirties, 28®30e. Cheese —Twins, new, 19®19%e; daisies, lS%®lß%c; young Americas, 19%c; longhorns, 19%c; bricks, 17®!17%0. Live poultry—Turkeys, 30c; chickens, 20c; springs, 15c; roosters, 22c; ducks, 22c. Potatoes —Receipts, 33 cars; Wisconsin Round Whites, [email protected] per bag; Minnesota Round Whites. $1.40®1.60; Michigan Round Whites, sl-.%[email protected]. NEW YORK COFFEE. NEW YORK, Dec. I.—Coffee .alues were firm on the market here today, opening options being 11 to 20 points higher, with Rio No. 7 on spot selling at B%® 9c per pound.

SWINE VALUES SUFFER DECLINES Cattle Prices Steady to Strong —Choice Veals Bring sl3. RANGE OF UUG PRICES. Good Good Good Nov. Mixed. Heavy. ught. 22. $6.75 $6.75 $6.75® 7.00 23. 6.85® 6.90 6.75 6.85® 7.15 25. 7.10® 7.35 7.00® 7.10 7.35® 7.50 26. 7.20® 7.40 7.20 7.50® 7.65 28. 7.15® 7.25 7.00 7.35® 7.50 29. 7.10® 7.15 7.00 7.15® 7.25 30. 7.15® 7.25 7.00 7.25® 7.50 Dee. 1. 6.85® 7.00 6.75 7.15® 7.25 With receipts around 12,000 for day, large receipts on Chicago and other foreign markets and lower price tendencies, prices of swdne suffered declines of 25® 3ae in trade on the local livestock market today. Local packers established the market, while shippers were the principal buyers, especially of the lighter grades of swine. Trade was fairly active and a fair clearance for the day was anticipated. Light swine brought a top of $7.25, while that grade of swine sold at $7.15 (d.7.25. Good mixed swine brought $0.85 l(i 7, while heavies and mediums brought $6.75. Roughs brought $6 and down and stags sold at $1®5.50. Pigs were again in fair demand, selling at $7.25®7 75. The bulk of sales lor the day ranged at $6.75 ®7. There was a little better tone to trade in cattle than there was on the market of the previous day and prices were steady to strong. Receipts were again large, but that did not seem to have had a bad effect on trade. Strength in prices on the Chicago market on the previous day probably helped to bolster prices. There were close to 1,200 fresh cattle on the tiarket and there were but few stale cattle in the pens from the market ol the day before. There was a fair demand for practically all grades of cattle. The bulk of the good heifers brought $6®6.50, while there were a lew sales of that grade at $7. The bulk of the steers sold brought $U@7. There were but few choice cattle of this grade on the market. Canners and cutters were in fair demand at steady i prices. Bulls, albo, were iu fair demand ; aud steady. Veal prices were steady to strong, with receipts about the same on the market of the previous day at 600 an t shippers . with Eastern city connections showing fair demands. ' There was a top of sl3 on choice ! veals, while the bulk of that grade sold i at sl2. I 'mere were larger receipts of sheep and 1 lambs than on llie day before and the I quality was better generally, t.nd. wi.h a ; good demand, prices ruled steady, lte- | ceipts for the day ran close to 600. There were quiet a number of sales of good to choice lambs at $9.50. while there were a very few sales of choice lambs at $9.75.

HOGS. Best light bogs, 150 to ISO lbs average $ 7.15® 7.25 Over 300 lbs 6.65® 6.75 ! 150 to 300 lbs 6.75® 7.25 Sews 5.00® 6.00 Stags 4.00® 5.50 Best pigs under 140 1b5.... 7.25® 7.75 Top 7.25 Bulk of sales 6.75@ 7.00 CATTLE. Prime cornfed steers, 1,300 to 1,800 lbs 6.30® 7.75 Good to choice steers, 1,200 to 1,300 lbs 6.00® 0.75 Go.el to choice steers, 1,100 to 1,200 lbs 5.25® 0.00 Good to choice steers, 1,000 to 1,100 lbs 4.25® 5.25 Common to medium bteers, 860 to 1.000 lbs 4.00® 4.50 Choice yearling steers 7.50® 9.00 —tti-lier and Cows— Good to choice heifers 6.00® 7.25 Medium heifers 4.00® 5.00 Common to medium heifers.. 3 25® 4.00 Good to choice cows 2.00® 3.7)0 Fair to tuediuin cows I.(K, i 2.00 Cutters ’.so® 2.30 i Canners 75® 1.50 —Bulls— Good to choice butcher bulls. 3.25® 4.00 Bologna bulls 2.75® 3.00 Eight bologna bulls 2.00® 2.50 I Eight to common hulls 2.00 —Calves— Choice veals 12.00®13.00 | Good veals )0 00® 11.00 ; Medium veals 9.00®10.00 Eightweight veals 7.00® 9.00 Common heavyweight veals .. 5.00® 6.00 .. —Stockers ant! Feeders— Good to choice steers, under 800 lbs. ..... 4.50® 5.50 Medium cows 2 00® 3.00 Good cows 3 00® 4.00 Good heifers 5.00® 7.00 Medium to good heifers ...... 4.00® 5.00 j Milkers 07.00®75.09 —Slieep and Lambs—- ! Ewes I.oo® 2.50 I Bucks 7.50® 2.00 Choice ewes and wether lambs 7.50® 9.75 i Seconds 5.00® 6.oit Buck lambs 0.00®.5n Culls 3.00® 5.00

Other Livestock CHICAGO, Dec. I.—Hogs Receipts, 50.000; market, active and 5c to 10c lowin'; bulk of sales, $6.70®6.90; top, $7.10; heavies, $0.55® 6.85; mediums, $0.75® 690; lights, $6.80(0 7.05; light lights, $6.90 ("7.10; heavy packing sows, smooth, $6.20 6.00; packing sews, rough, $0®.0.31>; pigs, •$0.90®“.25. Cattle—Receipts, 10,000; market, steady to strong; beef steers, choice and prime, s9® 11.25; medium and good, $0®9.65; good and choice, $8.65® 11.25; common and medium. $1.85®5.65; butcher cattle, heifers, $3.05®5.75; cows, $3.50®6,50; bulls, $3.35®0; canners and enters, cows and heifers, [email protected]; dinner steers, $2.75®3.75: seal calves, s7® 9.75; feeders steers, $4.'!0®6.00; Stocker i teers, $3.50® 6.25; stocker cows and heifers, $3.15®5. Sheep and iambs—Receipts, 18,000; market, steady; good to choice lambs, $9.25®10.50; cull and common lambs, $6.75®9; yearling wethers. s6®9; ewes, $3®)5.15: cull and common ewes, $1.50®2.73; feeder lambs, $8®9.15. CINCINNATI, Dec. 1— Hogs—Receipts, 6.200; market steady; heavies and mediums. $7.25; lights and pigs, $7.50; roughs, $.50; stags, $4.25®4.50 Cattle— Receipts, 1,400; market staedy; bulls steady calves, sl3 down. Sheep and lambs—Receipts, 900; market steady; ewes, $1®:3.50; choice lambs. slo.so;,seconds, $7.50; culls, [email protected](j. CLEVELAND, Dec. I.—Hogs—Receipts, 3,500; market, 15 to 25 cents lower; yorkers, [email protected]; mixed, $7.35; mediums, s7.3s;.pigs, $7.75; roughs, $6; stags, $4. Cattle —Receipts, 250; market, 25 cents higher; good to choice steers, $8 (nO; good to choice heifers, ss@6; good to choice cows, s3®4; common cows, s2® 3: good to choice bulls, $4®:4.75; milkers, $35®75. Sheep and lambs—Receipts, 1,500: market, 25 to 50 cents higher; top, $10.75. Calves—Receipts, 200; market, 50 cents lower; top, sl2. EAST BUFFALO, Dec. I.—Hogs—Receipls, 9,500; market s®loc higher; mixed and butchers, good heavies, $0.95®7: roughs, $5@C; lights, $7®7.05; pigs. S7(O 7.15; bulk of sales, $0.95®7. Cattle —Receipts, 3,000; market steady; native beef steers, sS.2o®9; yearling steers nnd heifers, $8®8.75; cows, s3® 4.75; stockers and feeders, $4®5.50; calves, [email protected]; canners and cutters, s2®3. Sheep nnd lambs —Receipts, 1.800; market steady; mutton ewes, [email protected]; choice lambs, $9.75@10; canners and choppers, [email protected]. EAST ST. LOUIS, Dee. I.—Hogs—Receipts, 4,800; market, slow; yorkers, $7.75 @7.90; pigs, s7.7srtiß; mixed, $7.40®7.50; heavies, [email protected]; roughs, $0®0.25; stags, [email protected]. Cattle —Receipts, 125; market, slow. Calves —Receipts, 500; market, slow; cull to choice, ss@l3. Sheep and lambs —Receipts, 2,400; market, slow; choice lambs, $10.75(oil; cull to fair, s6® 10.50; yearlings, $0.50®8.50; sheep, s2® 5.50. PITTSBURGH, Dec. I.—nogs—Receipts, 6,500; market, 10@25c lower; prime heavies, $7®7.15; mediums and heavy yorkers, $7.60®7.75; light yorkers and pigs, [email protected]; roughs, SS.SO@G; stags, $4®4.50; heavy mixed, [email protected]. Cattle Receipts light; market steady. Calves —Receipts light; market steady; veals. sl4; heavy and thin calves, so@9. Sheep and lambs—Receipts, 1,000; market steady; prime wethers. $4.75@5; good mixed, [email protected]; fair mixed. [email protected]; culls aud common, sl@2; choice lambs, sll. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift & Cos.: Ribs—No. 2,24 c; No. 3. ISc. Loins— No. 2,28 c; No. 3, 237:. Round—No. 2, 15c; No. 3,12 c. Chucks —No. 2,10 c; No. 3,9 c. Plates —No. 2,9 c; No. 3, Bc. NEW YORK BICE. NEW YORK, Dec. I.—Rice values were strong on the market here today, domestic selling at 3%@7%c per pound.

BUSINESS ON FOREIGN MART STIMULATED .Dollar Rails Continue to Ascend, While Trade in British Rails Is Irregular. OIL SHARES IMPROVED LONDON, Dec. I.—The latest developments in the reparations situation had a stimulating effect on the stock exchange yesterday although most transactions apparently were of an investment character. The gilt edged market was firm, with advances being shown In most issues. Foreign loans were marked by an advance of the German mark and the recovery in French offerings. The irregular tendency continued in home rails, although the undertone was steady. Dollar rails continued to ascend, Canadian Pacifies advancing 3 points to 150. Continental and other foreign rails were steadier for the most part. Oil shares moved up sharply in response to the belief that a general improvement is in sight. The minning market was distinguished by rallies in diamond Issues. There was some anxiety in regards to money in Lombard street partly in the day but plenty appeared before the close for ’ the overnight, borrowing at 4 per cent. Day to day money and fixtures were 3%. * Bar silver declined a fraction for both spot and forward delivery to 37%d. —Copyright, 1921, by Public Ledger Company. DECLARES EXTRA DIVIDEND. CHICAGO, Dec. I.—The Chicago, Burlington A Quincy Railroad Company today declared a semi-annual dividend of $5 and an extra dividend of sls a share. The Colorado A Southern Railroad went on a dividend Lasis, when a $3 dividend on the common stock was declared. INDIANAPOLIS PRODUCE. Butter —Local dealers are paying 41® 42c per lb for butter delivered in Indianapolis. Eggs—Loss off. 54®55c. Butter—Packing stock, 19@20c. Poultry—Fowls, 16® 22c; springs, 16®18c; cocks, ll@12c; stags, 12@13e: young hen turkeys, 8 lbs. and up, Stic; young tom turkeys, 12 lbs. and up. 33e; old tom turkeys, 2Sc; cull thin turkeys not wanted; ducks, 4 lbs and up. 2(1@21e; spring ducks, 3 lbs. and up, 17c; geese, 10 lb. and up. 15c; rabbits, drawn, per dozen, s2® 3; squabs, 11 lbs to dozen, $5; young guineas, 2-lb. snze, per dozen, s7®B; Old guineas, per dozen, s3®s. Butterfat—Local dealers are paying 40c per pound for all butterfat delivered in Indianapolis.

POWER OF U. S. SENATE LOOMS IN CONFERENCE (Continued From Page One.) to accept or reject a treaty makes it essential for the executive constantly to keep in his thonghts what action, under given circumstances, the Senate will take, i’nblic sympathy is usually, though not always, with the President In a controversy with the Senate. In this instance onr public will support almost certainly that branch of the Government which host interprets its present desires. FORM OF AGREEMENTS TO BE DETERMINED. There has been no direct information forthcoming from Washington as to the form tho agreements when reached shad take. Our Government is the only on“ sitting at the table which has any embarrassment in the matter. Presently the President must determine whether in the circumstances the conclusions reached shall be in the form: First, a treaty; Second, an exchange of notes; Third, a gentlemen’s agreement. It is probable that no decision will be made on this point until an understanding has been concluded. From some of the kites which have been raised at Washington one would judge that a gentlemen’s agreement was in mind. This would be the easiest and a treaty the hardest way out, for it is not so difficult to generalize as it is to be exact. But hero again the Senate must be considered, inasmuch as there is a feeling of dissatisfaction growing in that body concerning the efforts of the executive to disregard its prerogatives. It has heen successfully done in the past as in the Root-Takahira exchange of notes of Nov. 30. 1908. and in the Lansing-Ishii Nov. 2. 1917. The l itter went so far n to say that “the United States recognizes that Japan has special interests in China.” But we find an even more striking disregard of the Senate's authority when President McKinley undertook to' send troops to China, and to enter into an agreement with the other invading powers before obtaining congressional approval. TREATY REGARDED BEST MAY OUT. From an outside survey it is difficult to see a good way out of the present situation without a treaty, or at least without senatorial or congressional action. It is all very well to say that the executive already has authority to scrap useless battleships. And so he has: but wliat about scrapping the new ships, some of which have been launched and upon which some three hundred and thirty millions of dollars already have been expended? The country generally approves the Harding plan of reducing the Navy, even to the exent of discarding the ships in process of construction, but can it be done without congressional action? And if an agreement is reached between Great Britain, Japan and the United States, could it be carried out to the satisfaction of all under a gentlemen's agreement or an exchange of notes? Would not a treaty be more binding and more com-' pelling?—Copyright, 1921 by Public Ledger Company. Firemen Use Masks in Fighting Big Blaze PHILADELPHIA, Dec. I.—Gas masks were used by firemen in fighting a fire early today which damaged the warehouse of F. Webber A Cos., dealers in artists' and engineers' supplies here, to the extent of $500,000. One fireman was overcome when his mask gagged him Four others wero injured or overcome by smoke. An explosion of unknown origin started the fire. Powers May Take Hand in Portugal MADRID, Dee. 1. —It was reported in parliamentary circles toda.. that the powers have invited France, Italy aud Spain to intervene in Portugal and restore order. Unrest has ag.,in broken out in Portugal ad disorders are reported from various quarters. Italian Rail Workers Threaten Big Strike ROME, Dec. 1. —Railway workers today threatened a national strike unless several Socialist agitators, who were dismissed from their jobs, are reinstated.

Money to Loan oo Mortgages STATE LIFE INSURANCE CO.

MEDICAL SCHOOL AGENTS SET BOYS TO STEALING CATS (Continued From Pag b One.) The boy produced a little notebook in which was written: “One white cat. George.” He said George Heininger wrote it. The Montgomery boy said he had received no money, but had 33 1-3 cents coming to him for his share in a cat which was delivered by Mills and Miller. Mrs. Grove reported today that Arthur Jester want to the college last night and received $1 from Mr. Bradford after surrendering his slip which showed that he had delivered “one eat.” “Arthur told me Mr. Bradford said they didn’t want any more cats for about ten days, but that they did want dogs at $1.50 a piece,” Mrs. Grove said. Omer Miller clso went to the college to collect his $1 and received the money wdthout delivering a slip on which was written: “One cat. George,” according to Mrs. Grove “Both boys gave me the money they had collected and Omer gave me the slip of paper signed by George,” Mrs. Grove stated. Edward Barnaby and Frank Judd reported that they, too, received their sl, but neglected to bring it to her, Mrs. Grove stated. Investigation is being made by Mrs. Grove on reports reaching her that other boys have trafficked in cats for the medical college. At a faculty meeting held Lite yesterday with the teachers of her school, Mrs. Grove discussed plans for stamping out “cat chasing” among the children of the school.

STORE MANAGER SAYS SIGN WAS IN WINDOW. Paul Ulrich, manager of the Kerz store, admitted today that the sign which resulted in school boys “catching” cats and selling them for $1 a piece, was in the window of the store for two or three days. “The sign cats were wanted,'” Mr. Ulrich said. “A medical student put the sign in the window. It is an act of humanity for young doctors to operate on cats rather than human beings. They must hare something to operate on. The* west end is flooded with stray cats. The sign Was written in blue pencil on a rough card and was in the window a few days. It has been removed now.” AVilliam Bradford, custodian of the college, admitted he had purchased “stray cats” from boys. “Each boy was charged with the cats and their names taken.” Mr. Bradford said. “I told them I wanted only stray cats and if there is any trouble they are responsible.” He said the cats are used for “experimental pursoses” at the college. Mr. Bradford xtas asked if he wanted more cats and he said he did not at this time, but when asked said he “probably could use dogs a little later.” “We have not been using dogs recently.” he said. Mr. Bradford said the catswbieh have been delivered to him were “not very good looking." The boys said it was pretty well understood among the pupils of the school that “cats were worth $1 a piece” and that they couldn't see anything wrong in “catching a few cats” and taking them over to the college. “But it is wrong,” Mrs. Grove told them. “You know that the cats did not belong to you. The cats must belong to someone. When you sell property that docs not belong to you, it is selling stolen property and the man who receives it ia receiving stolen property. “You boys know that I will defend you when you are right and will taka y.our part, but when you are wrong you must tell me the truth. I believe you have told me the truth in this matter. Catching cats and selling them must stop. It can not go on. This sort of thing is encouraging boys to do wrong. Two boys are absent this afternoon (Wednesday), and I have grounds for suspecting that they may be out chasing cats. It must stop.” The boy3 at first claimed they didn’t know why the college wanted the cats, but “thought” they were wanted to “catch mice.” They said there were many cats, dogs and other animals on the fourth floor of the college (one of the hoys said he thought it was the third floor). THOUGHT HEININGER WAS A JANITOR. The Miller boy told Mrs. Grove ha thought George Heininger was a janitor or “something like that” at the college. Heininger does not pay for the cats, but receives them and on two occassions gave the boys notes to present for collection. The Mills boy said when he delivered his first cat. he went into the basement and that Mr. Bradford, “who owns a Lexington automobile,” took the cat. Miils said Bradford signed something and then gave him sl. Frank Judd told Mrs. Grove the man to whom he delivered one of the cats told him it was worth only “ 50 cents” because it was only “a half cat,” meaning not full grown. Judd said he was told not to bring “anybody's pets” to the college. “But the cats didn’t belong to you,” Mrs. Grove said to Judd. “The cats might have been the pets of someone else.”

Information was brought to Mrs. Grove that some of the boys were told that dogs were worth more than cats—worth at least $1.50. The boys denied they caught or attempted to catch any dogs. y Judd told Mrs. Grove that on one occasion the man at the college who received tho cats told him that “Now is your chance to make some money.” The boys reported that the sign in the Kerz window was printed in blue chalk and was on egg crating. It read: “Wanted: Full grown cats. sl. Medical College.” 1\ hen a Times reporter examined the windows at the Kerz store, there was no sign. The boys said they delivered the cats at “the medical college, near the Long hospital.” The boys told the story of their cat “catching” before a Times reporter and Mrs. Grove. The student body and the teachers were greatly worked up over the "cat catching campaign.” The teachers are cooperating with Mrs. Grove in stamping out a practice that threatens to destroy the morale of the school. “This is the most shameful thing that has happened to my boys,” Mrs. Grove stated, “t have been here for more than eighteen years. The boys tell me the truth. I am surprised that they would do such a thing. It. is shameful, but the temptation of making a dollar was too strong to be resisted.” I BUY AND SELL 1 STOCKS Merchants Public Utilities pfd. Citizens Gas, Sterling Fire Insurance, American Creosoting pfd.. Belt K. K. com. and pfd.. Standard Oil of Indiana, F’ederal Finance, Great Southern Producing and Reflning. BONDS Citizens Gas ss, Indianapolis Gas Bs, Merchants Heat and Light ss, Union Traction of Ind. 6s, Indianapolis Light and Power os. Indianapolis Northern Traction ss. NEWTON TODD ' 115 Lenicke bldg. Indianaoolis. I - J