Indianapolis Times, Volume 34, Number 175, Indianapolis, Marion County, 2 December 1921 — Page 20

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RAILS GAIN BY STAND OF U. S. LABOR BOARD Forecast of President’s Message Boosts Mercantile Marine. SUBSIDY TALK HEARD Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK. Deo. 2. —Trading in stocks was on a more limited scale despite several Interesting developments and items of news. The undertone of the market was firm, with the general range of prices higher. Steadiness was imparted to the rails by the construction placed on the f.ttitude of the United States railway labor board as well as the declaration of the expected Burlington dividend of 5 per cent and 15 per cent extra. Northern Pacific sold at anew high level for the present upward movement, although a reaction was caused by doubt as to whether the extra disbursement would be in stock or cash. Considerable interest was displayed in the strength of International Mercantile Marine preferred, with buying based on an assortment of gossip to the effect that the forthcoming presidential message would advocate a subsidy for the American Merchant Marine, the reported assurance of maintenance of present dividends and some improvement in the general shipping situation. Royal Dutch also advanced sharply on Amsterdam advices, stating that the Chicago Royal Dutch Company had declared a dividend of 15 guilders in cash instead of stock. Weakness of a special character made its appearance in International Pi per. There was also free selling of Mexican Petroleum on the announcement that 40,000 shares of stock outstanding and issued would be listed on the exchange. The slump, however, was succeeded by a quick rally in this ease. Standard Oil of New Jersey ran up more than 9 points to anew high level for the present upward movement, and this flurry caused immediate buying of the oils. American Car and Foundry was the feature of the equipments, with a rise of more than 5 points. Baldwin was steady on short covering in anticipation of its selling ex-dividend. Os more than collateral interest was the strength *n sterling, marks and francs. Sterling got up to $1.05% the highest price in more than a year and a half. Marks went up to 64. The strength of these currencies undoubtedly is the outcome of the London conferences, which are believed to be discussing the declaration of a temporary moratorium for Germany. Constructive development of a permanent character, however, is expected to come out of the discussions with reference to the stabilization of international * exchange.—Copyright, 1921, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. Directors of the C., B. & Q Railroad met and declared the semi-annual dividend of $5 a share and an extra dividend of sls a share. During the day directors of the Colorado Southern Railroad declared a semi-annual dividend of |2 a share on the first preferred stock, and the annual dividend of $4 a share on the second preferred. It has been the common view of market commentators that the advanced railroad list had been made with the object of culminating the move on the declaration of the Burlington dividend. The action in the market was wholly at variance with this carefully thought out program. There was irregularity in many Issues. but such advances as were shown by the Standard Oil issues. American Car and Foundry and other high grade stocks were significant. There are well authenticated reports that the largest corporation in the world is in process of organization at*Boston with a proposed capital of $2,000,000,000 consisting of 100.000,000 shares each of common and preferred slocks, having a par value of $lO. The corporation proposes to acquire control of oil companies in various parts of the world, including South America. The Land Title Trust Company of Philadelphia, it is understood. has been designated as the depository for stocks of the various companies being acquired. It is said Mexican Petroleum Company is not Included in the program, but that Trans-Conti-nental Oil, Pure Oil Company, Union Oil of California and others will be participants. Royal Dutch was strong on a dispatch from Amsterdam, making the positive statement that the company had declared a dividend of 13 guilders in cash. International Mercantile Marine preferred gained more than three points There were no specific news developments to account for the rise, but 'he known improvement in the shipping industry, together with a *uch brighter outlook for next year has been responsible for absorption of this stock on a considerable scale. A development which must reflect un- , favorably upon the Mexican Petroleum Company was the announcement by the atoek exchange that application had been made by the company to list $4,000,000 of common stock. It has beqn reported many times that the supply of stock avails! le for trading was less tbau 100,000 shares. Traders constantly questioned the enormous transactions and the ability of large short sellers to make deliveries of certificates. Now it develops that deliveries were made of certificates which bad not beet, listed on the exchange, being part of the 40,000 shares for which application now is made. The whole stock exchange jistory of this issue is such that in the opinion of conservative houses it will yet result in an open scandal.—Copyright, 1921, by Public Ledger Company.

MOTORCYCLES AND BICYCLE3. Now la toe time to have jour motorcycle overhauled and re-enameled. ERNEST HUGHES CO. SS4-3S Mass. Ave. Main 6404. CASH paid lor all kinds o* motorcycles. FLOYD PETERMAN. 60S Massachusetts avenue. FINANCIAL. PERSONAL LOANS $lO TO S3OO This office Is operated under the supervision of the State of Indiana a.ad was established for the purpose of providing a place where honest people cau borrow any amount from 610 to 6300 without paying more than the legal rate of Interest or without being Imposed upot In any way. It la only necessary that you are keeping boose and permanently located. NO WORTHY PERSON REFUSED Wi do not notify your employer, neither do we make Inquiries of your friends, relatives or trades people. Ton can have all time necesssry for repayment and pay only for the actual lime you keep the money. Call and let us explain. No charges unless ■ou borrow. Loans with other comps ales paid off and more money advanced at legal rates IF IN A HURRY PHONE MAIN 2923 OR LI NCOLN 2450. SECURITY MORTGAGE LOAN CO. Rooms SOS-7-6 Indiana Trust Bldg. 116 E. Washington St. Corner Vlr, Ave. LOANS On furniture, pianos, autos, live stock, farm Implements and other collateral. CAPITOL LOAN CO. 141% E. Washington St Main 0565. Auto. Lincoln 7164, FIRST and second mortgages on Indiana and Indianapolis real estate. R. B. WILSON. jes n. Delaware sL Main 1616.

N. Y. Stock Exchange (By Thomson & McKinnon.) —Dec. 2 Prev. High. Low. Close, close. Allied Chemical 57% 56% 56% 56% Ajax Rubber .. 18% 17% 17% 17% Ailis-Chalmers.. 38% 37% 37% 37% Am. Agri 32 31% 32 32% Am. Beet Sugar 28 27% 27% 27 A. Car & F.... 151% 148‘A 149% 149 Am. Can 33% 32% 32% 32% A. H. &L. com. 13% 12% 13 12% A. H. Ac L. pfd. 58% 57% 58 57 Am. Ice 74% 73% 74 73% Am. Inter. Cor. 40% 39% 39% 39% Am. Linseed .. 33 32% 33 32% Am. Locomotive 97% 95% 97% 95 Am. Smelt .So K. 43% 43 43 41% Am. Sugar Ref. 56 55 55% 55% A. Suina. T. Cos. 33% 32% 32% 32% Am. Steel Fdy.. 35 32 32% 32% Am. Tel. & Tet 116% 116 116 116% Am. Tob 134% 131% 132% 131 Am. Woolen .... 81% 80% 80% 80 Atl. Coast Line 90% 90% 90% Anaconda Min. 47 46%% 46% 46% Atchison 90% 90% 90% 90% Atl. Gulf W. 1... 31% 30% 30% 30% Baldwin L0c0... 95% 94% 95% 98 B. & 0 37% 37% 37% 37% Beth. Steel <B). 57% 55% 56% 55% Cal. Pete 45% 44 44% 43% Can. Pac. Ity. ..120 11S% 118% 19% Central Lea. ... 32 30 % 31% 30% Chand. Mot 47% 46% 46% 46% C. & 0 57% 57 57 59% C„ M. Ac St. P. .. 23% 23% 23% 22% CMSTP. pfd. .. 36% 36% 36% 36% Chi. & Northw a 70% 69% 69% 70% C., R. I. & P... 34 33% 33% 34 CRIP. 6% pfd. 77 77 77 76% CRIP. T'c pfd... 88% SS% SBi% 88% Chili Copper . 12% 12 12 Chino Copper. 27% 26% 27 26% Coca Cola 39 38% 38% 38% Col. F. A Iron. 27 25 26 24% Columbia Gas... 05% 64% 65 65% Columbia G. . 3% 3% 3% 3% Cosden Oil 33% 33 33 33 Corn Products.. 89% 88% 88% 88% Crucible Steel .. 66% 04% 65 64% Cula C. Sugar . 7% 7% 7% 7% Del. & Hudson .109% 108% 108% 108% Del. & Lack. .111% 111 111% 111 Erie 11% 11% 11% 12 Erie Ist pfd. .. 17% 17% 17% IS F. Players ... 69 68% OS% 68% Fisk Rub. C 0... 10 9% 9% 9'% Gen. Asphalt... 65% 61% 65% 63% Gen. Cigars 68% 67% 68 69 Gen. Electric... lilt; 137% 139% 131% Gen. Motors.... 10% 10% 10% 10% Goodrich 3.3% 32% 33% 47% Gt. Nobth. pfd.. 77% 76% 77 77% Gulf St. Steel... 50% 47% 49% 47% Houston 0i1.... 79% 78% 78% 78 Haskell Barker. 80% SO% SO% 80% Illinois Central. 99% 99% 99% 99 Insplr. Copper.. 38% 38 38% 3754 Invine. Oil 12% 12% 12% 12% Indiahoma 4% 4% 4% 4% Inter. Ilervester 79% 75% 75% 78% Inter. Nickel.... 12 11% 11% 12% Inter. Paper.... 43% 41% 42 42 Isl. Oil A Tran. 32% 2% 2% Kan. City 50... 25% 24% 24% 25 Kel'q-Spg. Tire 42% 41% 42 41 Kennecott Cop.. 25% 25 25% 25 Lacka. Steel 47% 43% 46% 42% Lehigh Valley.. 59% 58% 58% 34% Lee Tire 28% 27% 28% 28 Loews Inc 14% 14% 14% 14% L. & N 112% 112% 112% .... Mav Stores 90 90 90 89 Marine com .... 13% 13% 13% 13% Marine pfd 62 60% 00% 60% Mont-Wnrd 15% 14% 14% 15 Maryland 0i1... 27% 27% 27% 27% Mex. Pete 113% 111% 112% 112% Miami Cofiper... 26 25% 29 25 Mid. S. 0i1,... 15 14% 14% 15 Midvale Steel... 29% 25% 29 25% Mo. Pacific 19% 18% 19 19 Mo. Pac. pfd.. 47% 46% 46% 46% Nat. E. & 5... 42 42 42 Nat. Lead 81% 80% 80% 81% Nev. Con. Cop.. 1.3% 13% 1.3% 13% N. Y. Air Brake 60% 60% 60% N. Y. Central.. 75% 74% 75% 75% New Haven .... 13% 13 13 13% Norfolk A West. 99 95% 98% 99 North. Pac 83% 81% 82% 8.3 Pac. Oil 455% 45% 45% 45% Pure Oil 39% 37% 38 38% Pan-Am. Petrol. 51% 51% 51% 51% Penna. Ky 34% 34% 34% .34Vi People's Gas.... 56% 56 50 56% Pierce-Arrow... 14% 13% 14 13 Vi Pierce Oil Com. 13% 13% 13% 1.3% I*ittsbnrgh Coal 61% 59% 61% 59% Pressed Steel C 68 07% 68 63% Pullman Pal C. 109% 108% 108% 108 Ry. Steel S 92 91% 92 90 Rav Copper .... 14% 14% 14% 14% Reading 74 73% 73% 73% Rep. I. A- Steel 54% 51Vi 53 50% Replogle Steel.. 24% 23% 23% Roy. D. of N. Y. 49 48 48% 49 Sears-Roebuck.. 60% 58% 58% 58 Sinclair 22% 22% 22% 22% Sloss-S. S. &1.4' % 4040 ' .... Southern Pac... Bi% 80% 80% 80% South. Ry 20% 19% 19% 20 St. L. &SW Rv 22% 22% 22% 21% Stand. O. N J 192 186 186% 187% St. L. &S.F. c. 2.3 22% 23 2.3% Stromberg Carb 32 .30% 31% .30% Stndebnker 77% 76% 76% 76 Texas Coal & O 28% 28% 28% 29% Texas Cos 46 45% 45% 46 Texas A Pacific 24% 23% 2.3% 24% Tomaeco Prod.. 60% 59% 59% Transtxftit. Oil.. 10% 9% 10% 9% Union Oil 20% 19% 20 20% Union Pacific. ..128% 126% 126% 128% T'ntd. Ret. Strs. 53% 52% 52% 52% U. S. Food Prod. 11 10% 10% 10% United Fruit C 0.126 123% 125% 123 United Drug... 71% 70% 71% 69% U. S. Ind. Alco. 37% .36% .36% 37% U. S. Rubber... 51% 49% 50% 49% U. S. Steel 84 83 83% 8.3 U. S. Steel pfd. 113% 113% 143% 143% Utah Copper.... 60% 59% 59% 59% Van. Steel 33% 33% 32 .31% Vir-Car. Chem.. 30 28% 28% 3‘>% Wabash Ist pfd. 21% 21 21% 22% White Oil 12% 12% 12% 12% West. Union... 91% 91 91% 90% West. Electric... 48% 47% 48% 47% W-Overiand .... 5% 5 5% 5% Wilson &Cos 29% 29% 29% Worth. Pump.... 44% 43% 44 42% West. Pacific... 19 19 19 18% •Ex-dividend. NEW YORK LIBERTY BONDS. —Dec. 2. — Prev. High Low Close Close L. B. 3%s 96.30 96.18 96.1.8 96.20 L. B. Ist 4s 97.20 L. B. 2nd 4s 97.44 97.42 97.42 97.24 L. B. Ist 4%s ... 97.70 97.44 97.44 97.40 L. B. 2nd 4VjS .. 97.6(1 97.40 97.58 97.44 L. B. 3rd 4%s .. 97.88 97.70 97.88 97.64 I/. B. 4th 4%s . 97.94 97.6,3 97.80 97.00 Victorv .3% 8 .... 99.98 99.96 99.9.8 99.96 Victory 4%s 100.00 99.94 100.00 99.98

CHICAGO STOCKS. (By Thomson & McKinnon.) —Dec. 2 Open. High. Low. Close. Armour pfd. ... 94% Armour Leather 12% Car. & Carbon. 46% 48 46% 47 Libby 6% 6% <5 6 Mont. Ward .. 15% 15% 15 15 Nat. Leather ... 33 2% 3 Sears Roebuck.. 58 60 58 59 Stewart Warner 23% Swift & Cos 100% 100% 100% 100% Swift Inter. ... 20% 20% 20% 20% NEW YORK METAL MARKET. NEW YORK, Dec. 2.—Copper—Steady; spot. November, December and January offered, 13c. Lead—Steady; spot, November, December and January offered. 4.75 c. Spelter—Quiet; spot, November, December offered, 4.70 c; January offered, 4.75 c. NEW YORK WOOL. NEW YORK, Dec. 2.—Coffee values ruled steady In trade on the exchange here today, opening options being 2 points lower to 4 points higher. Rio No. 7 on spot sold at 9@9%c per pound. NEW YORK PETROLEUM. NEW Y'ORK, Dee. 2. —Petroleum prices again ruled firm in trade on the market here today. Pennsylvania crude petroleum selling at $4 per barrel. NEW YCKK HIDES. NEW YORK, Dec. 2.—Hide values were firm on the mr rket here today, native steer hides being quoted at 14<f£15%c and branded steer hides at 15@15%c. 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@20e. Poultry—Fowls. 16@ 22c: springs, 16@18c; cocks, ll@12c; stags, 12@13c; young hen turkeys. 8 lbs. and up. 33c; young tom turkeys, 12 lbs. and up, 33c; old tom turkeys, 28c; cull thin turkeys not wanted; ducks. 4 lbs and up, 20@21e; spring ducks, 3 lbs. and up, 17c; geese, 10 lbs. and up, 15c; rabbits, drawn, per dozen. 62(8 3; squabs, 11 lbs to dozen, $5; young guineas, 2-lb. suze, per dozen, $7@S; old guineas, per dosen, $S@5. Bntterfat—Local dealers are paying 40e per pound for all butterfat delivered in Indianapolis.

STOCK MARKET CLOSE IRREGULAR Most of Leading Issues Suffer Declines in Final Hour. NEW YORK, Dec. 2.—The stock market closed irregular today. Profit taking following the sharp advances of the early trading relsulted in heavy declines in the final trading. Standard Oil of New Jersey, following its early advance to 192. fell to 186%. American Car and Foundry dropped over 1 point to 149%. American Locomotive was in demand, selling up 2% points to anew high for the year of 97%. Steel common fell back to 83%. Heavy selling of Union Pacific on new financing reports unsettled the railroad list Union Pacific declined over 2 points to 126% and Northern Pacific 1 point to 81%. Government bonds were unchanged and railway and other bonds irregular. Total sales of stocks were 822,000 shares.

(By Thomson & McKinnon.) —Dec. 2 We have had another demonstration today of market stability. The public is beginning to see conditions in the proper light and are beginning to realize that we have better times before us; that depression will soon be a matter of history. Each day we see a material Increase in public interest and increased demand for a larger variety of securities. This is reflected in the various group movements. Today anew list of stocks came into prominence. Not only was there a recovery in specialties that had reacted under the profit taking that prevailed, but new issues came into prominence. This is especially true of the group of independent steel issues that are being considered with a view of a merger, and this is more than likely to materialize. Furthermore, it is only reasonable to expect that merger plans will be formulated from time to time to include other industries, because all realize the necessity for economy of operation of business in order to meet the new world conditions. Improvement these days Is mentioned as frequently as depression was talkcjl of last year. We have report of an increased demand for hides and further hardening in the prices of copper, which will soon be.reflected in a better demand and higher prices for the leather stocks. We anticipate decided improvement and expansion in business this coming year, and therefore continue to recommend the purchase of stocks now, especially on days of reactionary markets. TWENTY STOCKS AVERAGE. NEW YORK, Dec. 2.—Twenty Industrial stocks Thursday averaged 75.12, up .82 per cent. Twenty active rails averaged 76.22, down .11 per cent. CLEARING HOUSE STATEMENT. NEW YORK, Dec 2 —Exchanges, $894,300,000: balances. $87,500,0i0: Federal Reserve Bank credit balances, $60,200,000.

Money and Exchange Indianapolis bank clearings Friday were $2,786,000, against $3,013,000 for Friday of last week. NEW YORK, 2.—Following the sharp advances in foreign exchanges yesterday, leading exchanges suffered a sharp reaction at the opening of the foreign exchange market today. Demand Sterling yielded 2%c to 4.05%. Francs were 7 centimes lower at 7.22 c for cables and 7.21 c for (becks. Lire cables were 4.30 c; checks, 4.29 c. Belgian cables, 7.07 c; checks, 7.06 c. Marks, 6% points lower to .0045%c. Guilder cables, 35.80 c; checks, 35.78 c. Sweden kronen cables, 23.80 c; checks, 23.75 c. NEW YORK CALL MONEY. NEW YORK, Dec. 2.—Money—Call money ruled 5 per cent; lilgb 5 per cent; low, 5 per cent. Time rates quiet, all 5% per cent. Time mercantile paper quiet. Sterling exchange was heavy, with business in bankers' bills at $1.04% for demand. MOTOR SECURITIES, (By Thomson A McKinnon.) —Dec. 2. —Closing— Bid Ask Earl Motors 9% 10 Packard com 7% 7% Packard pfd 68 69 Peerless 38% 39% Continental Motors com 6 6% Continental Motors pfd 85 87 Hupp coni 10% 11% Hupp pfd 9.3 97 Keo Motor Car 19% 20 Elgin Motors 4 4% Grant Motors 1% 1% Ford of Canada 245 24.8 International Motor com 26 National Motors IV. 3 Federal Truck 14% 17 Paige Motors 14 15 Republic Truck 6 6%

ACTIVE OIL STOCKS. (By Thomson & McKinnon., —Dec. 2. , -OpeningBid. Ask. Anglo-American OH 21 21% Atlantic Lobos 8% 9% Bornc-Scrymser 325 350 Buckeye Pipe Line 83 86 Chesebrougb Mfg. Cons 185 195 Continental Oil, C010rad0....118 123 Cosden Oil and Gas 6% 7% Crescent Pipe Line 29 31 Cumberland Pipe Line 130 140 Elk Basin Pete 7 7% Eureka Pipe Line 84 87 Galena-Signal Oil. pref 102 100 Galena-Signal Oil, com 40 45 Illinois Pipe Line IGO 165 Indiana Pipe Line 82 85 Merritt Oil 10% 10% Midwest Oil 2% 3 Midwest Kfg 170 180 National Trafisit 29 31 New York Transit 143 150 Northern Pipe Line 98 102 Ohio Oil 280 285 Oklahoma P. & R 4% 5 Penn.-Mex 20 25 Prairie Oil and Gas ...575 555 Prairie Pipe Line 235 240 Sapulpa Refg 3% 4 Solar Refining 300 380 Southern Pipe Line 90 92 South Penn Oil 228 233 Southwest Penn Pipe Lines.. 50 60 Standard Oil Cos. of Ind 87% 87% Standard Oil Cos. of Kas 575 590 Standard Oil Cos. of Ky 435 445 Standard Oil Cos. of Neb 175 185 Standard Oil Cos. of N. Y.... 380 385 Standard Oil Cos. of Ohio 400 410 Swan & Finch 40 50 Vacuum Oil 328 333 Washington Oil 35 40

NEW YORK CURB. (By Thomson <fc McKinnon.) —Dec. 2 —Closing— Bid. Ask. Acme Packing 65 70 Curtis Aero com 1% 2 Curtis Aero pfd 18 Goldfield Con 3 5 JumLo Extension 4 6 Imperial Oil (Del.) 19% 10% Internal, Petroleum 16% 16 Nipissing 6 6% Standard Motors 4% 5 Sait Creek 14% 14% Tonopah Exetnsion 17-16 1% Tonopah Mining 1% 1% United I* S new 1 1-10 1 3-16 U. S. Light and Heat....... 1 1% U. S. Light & Heat pfJ 1% 1% Wright-Martin 2 5 Yukon Gold Mine Cos 1% 1% Jerome 35 40 New Cornelia 16 17 United Verde 27% 28% Sequoyah 6 10 Omar Oil 80 84 Rep. Tire 12 20 NEW YORK SUGAR. NEW YORK, Dec. 2. —There was a good export demand for raw sugars on the market here today. Porto Ricos sold at steady prices at $3.875c per lb, delivered. Refined sugars were rather quiet and steady. Fine granulated sold at [email protected] per lb and No. 1 soft at 5.30 c. NEW YORK RICE. NEW YORK, Dec. 2.—Trade in rice was active ou the market here today and prices ruled steady. Domestic rice sold at 3%@7%c per pound. NEW Y'ORK TURPENTINE. NEW YORK. Dec. 2. —Turpentine sold at SOc per gallon In trade on the market here today.

INDIANA DAILY TIMES, FRIDAY, DECEMBER 2,1921.

New York Bonds (By Fletcher American Cos.) FOREIGN GOVERNMENT BONDS. —Dec. 2 Bid. Ask. Arg. (Unlisted) ss, Sept.'l, '45 72 74 Belgian 6s. Jan. L ’25 90 96% Belgian 7%5. June 1. ’45. ...104 105 Belgian Bs, Feb. 1, ’4l 105 105% Berne Bs, Nov. 1, ’45 108 108% Chile Bs. Feb. 1, ’4l..‘ 102% 103% Christiania Bs, Oct. 1, ’45 107% 108% Copenhagen 5%5, July 1, '44.. 87 88% Danish Mun Ss, Feb. 1, ’46 107% 10!) Denmark Bs, Oct. 15, ’45....108% 109 •Canadian 5%5, Dec. 1, ’22.. 90% 91% •Canadian 5%5. Nov. 1, ’23.. 90 91% •Canadian 5%5, Nov. 1. ’24.. 89 90% •Canadian ss. Dec. 1. ’25 87% 88% Canadian ss, Apr. 1, ’2O 90% 96% •Canadian 5%5, Dec. 1. ’27.. 90% 92 Canadian 5%5, Aug. 1, ’29.... 97% 97% Canadian ss, Apr. 1, '3l 94% 90% •Canadian ss, Oct. 1, ’3l 87% 88% •Canadian 5%5, Nov. 1, '33.. 91% 92% •Canadian 5%5, Nov. 1. ’34.. 89% 90% Canadian ss, Mcb. 1, ’37 93 % 94% •Canadian 5%5, Dec. 1, ’37.. 93% 94% •French (Viet.) ss, Opt., ’31.. 5.3 54% •French 4s, Opt., ’43 44% 45% French Bs, Sept. 15, ’45 100 100% •Italian (War) 5s 31 32% Jap (Ist) 4%5, Feb. ’25 86% - 87 Jap (2nd) 4%5, July 10, ’25.. 86% 87 Jap 4s, Jan. 1, ’3l 70% 71 Norway Bs. Oct. 1, ’4O 109 110 Sao Paulo Bs, Jan. 1, ’.36 102% 103% Swedish 6s, June 15, ’39..., 96 97 Swiss 5%5, AUg. 1, ’29 94% 95% Swiss Bs, July 1, ’4O 112% 114 U. K. 5%5, Nov. 1, ’22 09% 99% U. K. 5%5, Aug. 1, ’29 95% 96% U. K 5%5, Feb. 1, ’37 94% 94% Zurich Ss, Oct. 15, ’45 107% 108% Brazil 8s 104% 105 French 7%s 94% 94% Uruguay Ss 103% 10.3% Argentine 7s 99% 100% •Internal Loars CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s, Nov., '25.101% 101% Am. Cot Oil 6s, Sept. 2, ’24.... 95% 05% Am. Tel. 6s, Oct., ’22 1(0 100% Am. Tel. 6s, Feb.. ’24 99% 100% Am. Thread 6s, Dee.. ’22 90% 100% Am. Tob. 7s, Nov., ’22 100% 101% Am. Tob. 7s, Nov., ’23 101% 102% Anaconda 6s, Jan., ’29 90% 97% Anaconda 7s, Jan., ’29 101% 102% Anglo. Am. Oil 7%5, April, ’25.103% 10.3% Armour 7s. July 15, 530 102% 102% Atnlantic Ref. 6%5, March, ’31.104% 105 Bell Tel. Can. 7s, April, ”25...100% 100% Beth. Steel 7s, July 15, ’22.... 100% 100% Beth. Steel 7s, July 15, ’23.. 100% 100% Can. Pac. 6s, March 2, ’24..100 100% Cent. Arg. Ry. 6s, Feb., ’27.. 91% 92%C., R. I. & I’. 6s, Feb., ’22.. 99% 100% Con. Gas s, Dec., ’2l 100% 101% Copper Exp. Bs, Feb. 15, ’22.. 100% 100% Copper Exp. Bs, Feb. 15, ’23.. 102% 102% Copper Exp. Bs, Feb. 15, ’24.. 103% -04% Copper Exp. Bs, Feb. 15, ’25..104% 105 Cudahy 7s, July 15, ’23 100% 100% Fed. Sugar 6s, Nov., ’24 97 97% Goodrich 7s, April, ’23 98% 98% Gulf Oil 6s, July. ’23 99% 100% Guff OH 7s. Fet., ’.3.3 102% 102% Hocking Valley 6s, March. 24,. 98 98% Humble Oil 7s. March 15, ’23.. 100% 100% Int. It. T. 7s, Sept., ’2l 72 74 K. C. Term. Cs, Nov. 15, ’23. 99% 100% Kenn. Copper 7s, Feb., ’3O 100% 101 Laclede Gas 7s, Jan., ’29 97% 98% Proctor A G. 7s, March. ’22..100% 100% Proctor &G. 7s. March, ’23 ... 101% 101% Pub. Sor. N. J. 7s. March, ’22.. 99 % 99% It. J. Reynolds 6s, Aug., ’22.. 100% 100% Seara-Roebnck 7s, Oct. 15, ’22. 99% 100 Sears-Roebuck 7s, Oct. 15, ’23 . 99% 100 Sinclair 7%5, May 15, ’25.... 1)9% 100% Solvay & Cie Bs, Oct., ’27 103% 104% Southern Ity. 6s. March. ’22... 99 % 99% S. W. Bell Tel. 7s. April, ’25..101 101% Stand. Oil (Cal.) 7s. Jan.. ’31.106% 107 Stand.O.(N’.Y.) 7s, Jan., ’25’31.103% 108% St. Paul U. I). 5%5, Dee. 15, ’2.3 98% 99% Swift 7s, Oct. 13, ’25 100% 101% Texas Cos. 7s, March 1. ’23...101% 101% Utah Sec. Cs, Sept. 15, ’22.... 97% 98% Western El. 7s. April, ’25 101% 104% Westinghouse 7s, May., ’31....105% 105%

Local Stock Exchange —Dec. 2. STOCKS. Bid. Ask. Ind. Ry. & Light om 60 65 Ind. Uy. A Light pfJ 75 Indpis. Ac S. E. pfd 60 Ind pis. & N. W. pfd. 00 Indpis. St. Ity 37 41 T. H., T. & L. pfd 52 ..... T. 11.. I A E. com 4% T. H. I & E. pfd 12 IT. T. of Ind. com. - U. T. of Ind. Ist pfd U. T. of Ind. 2d pfd i. 2 Advance-Itumely com Advance-Uumely pfd Am. Crcosotliig pfd 92 Am. Central Life •••• Belt. It. U. com 59 68 Belt R. R. pfd 43 Century Bldg. Cos. pfd ...... 91 ... Citizens Gas Cos 25% Dodge Mfg. Cos. pfd 88 Home Brewing 49 Ind. Hotel com GO ... Ind. Hotel pfd IK Ind. Nat. Ins. Cos 8% ... Ind. Title Guar. Cos 47% ... Ind. Pipe Lines 80 86 Indpis. Abattoir pfd 40% 50 Indpis. Gas 42% 49 Indpis. Tel. com 2 Indpis, Tel. pfd.. 90 ... Mer. Pub. Util, pfd 41% ®l% Nat. Motor Car Cos 1% 4 Pub. Sav. Ins. Cos 4% ... Rauh Fertilizer pfd 40 Stand. Oil of Indiana Sterling Fire Ins. Cos 7 7% Van Camp Ildw. pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vanilalia Coal Cos. com ... 6 Vandadia Coal Cos. pfd R 9 Wabash Ry. com. Wabash Ry. pfd BONDS. Broad Ripple 5s 50 ... Citizens St. Ity. 5s 67 76 Indian Ck Coal & Mine 100 Ind. Coke & Gas 6s 8.3 89 Indpis.. C. A S. 5s 91 Indpis. & Martinsville 55.... 54 Indpis. North. 5s 36 43 Indpis. & N. 'V. 5s 49 ..... Indpis. & S. E. 5s ......... ... 45 Indpis. & S. E. 5s . 75 Indpis. St. Ry. 4s 50 50 Indpis. T. &T. fs 69% 76 T. 11., I. & E. Kh 58 ..... TJ. T. of Ind. 6s 47 51% Citizens Gas 5s 78 87 Indpis. Gas Cos. 70% 8.1% Kokomo, M. & W. 5s 7J 88 Ind. Hotel Cos. 2d 6a 04 ... Indpis. L. & ty, 5s 81 90 Indpis. Water Vo. 5s 91% 93 Indpis. Water Cos. 5s 9i% 99 Mer. It. & L. 5s 95 100 New Tel Ist 6s 94 New Tel. L. D. 5s 93% ... Sou. Ind. Power 5s 88% LIBERTY BONDS. Liberty first 3%s 06.04 96.54 Liberty first 4%s 97.40 97.80 Idbortv second 4%s 97.44 47.84 Liberty third 4%s 97.60 98.00 Liberty fourth 4%s 97.50 97.90 Victory 4%s 99.70 99.90

Local Curb Market (By Newton Todd) —.Dec. 2 Am. Hominy com 14 20 Central and Coast Oil 1% 2V4 Choate o‘> C0rp...... \ 1% Columbian Fire Ins. Cos fl 71/, Comet Auto 1% 2% Dayton Ruber Units. 67 74 Dictograph Prod, pfd 46 55 D W Griffith 8 9% Kigin Motor Car 3% 4% Federal Fin. Cos. pfd 76 86 Fed. Fin. Cos. com 122 129 G.t Sou Prod. & Ref 5 6 Hurst & Cos. pfd 25 45 Indiana Rural Credits 53 63 Metro. 5-lOc Stores com 8 u Metro. 5-50 c Stores pfd 25 30 National Underwriting 3% 5 Revere Motors % % Rauch & Lang Units 46 53 Kub-Tex Units • 15 17% U S Automotive Units 70 go Ul Si Mtg. Cos. Units 146 156 BANK STOCKS. Commercial Natl. Bank 71 81 Continental Natl. Bank 100 lie Indiana Trust Cos 175 190 Indiana Natl. Bank 258 208 Merchants Natl? Bank 280 Natl. City Bank 105 110 Security Trust Cos ISO State Savings & Trust 91 90 Wash. Bank & Trust C 0.... 150 ... FLOUR AND MEAL. E-Z-Bnke bakers* flour in 98-lb. cotton bags, $7.80. Cora meal in 100-lb. cotton bags, $1.55.

WHEAT REGAINS EARLY LEVELS Corn and Oats Also Show Gains Before End of Trade. CHICAGO, Dec 2.—Brisk buying by commission houses checked the decline in wheat which resulted from forecasts of snow over the southwest and lower cables, and prices regained their o.ening levels. The tone of the market was strong throuphiut the session. Buying by elnator interest- and professionals gave :;ood support to the corn market and prices were higher. Oats had an active trade and finished with small gains. Wheat closed %e lower to %c higher; corn %c to %c up and oats %c to %c up. Provisions were higher. (By Thomson & McKinnon.) —Dec. 2. — Wheat —There being, as yet, no relief offered the drought situation in the Southwest, sentiment remains friendly. Ou the other hand there is very little public interest in the market and the export and milling demand are negligible. Between these opposing conditions, market is erratic. Foreign markets seem to be about as much mixed as we are Buenos Aires quoted slightly lower, while Rosario, was considerably higher. Broomhall says Argentine weather conditions are favorable. Nit mentions also that some of the early threshing reports are disappointinp. Seaboard intimates some business in Manitobas, but gives no estimate. Milling demand are quoted as slow, both in ihe Northwest and Southwest. with very poor demand for cash wheat at interior Southwestern markets. The foreast promises rains where needed. Inasmuch as the future outcome of the world’s situation and of prices is contingent upon the size of the Argentine and Australian surplus it is advisable to form no firm convictions pending more definite information. Corn and Oats—The seaboard speaks of free acceptances of corn by Europe and the Chicago market reports sale of 200,000 bushels to exporters. Outside of this the news of eoru and in oats is the usual routine sort. Offerings from the country are quite limited. The trade displays more friendliness to both of these gratis, but as in the wheat there is no breadth in either market Provisions —Inactivity was again displayed ?n provisions, but the undertone was rather firm, despite lower hogs. The monthly statement of Chicago warehouse aceumulalioiis gives some strength to the situation.

CHICAGO GRAIN TABLE. —Dec. 2 WHEAT— Open. High. Low. Close. Dec 1.13% 1.1.3% 1.11% 1.13% Mav.... 1.17 117% 1.15% 1.17% CORN— Dec 48 .48% .48% .48% Mnv 54% .55 .54 .54% OATS— Dec 32% .23 .32% .32% May 38% .38% .38% .38% PORK—•Jan.... 15.35 LARD—•Jan 790 May.... 8.85 8.90 8.85 8.90 RIBS—•Jan 7.35 May.... 7.75 7.77 7.72 7.77 RYE—■Tan .85 .87 .83% .85 •Nominal. CHICAGO CASH GRAIN. CHICAGO. Dee. 2.—Wheat—No. 4 mixed and No. 5 yellow, $1,00%. Corn— No. 1 mixed. 49%®49%e: N<>. 2 mixed. 496i!49%e; No. 2 yellow. 49%@’(>': No. 3 mixed, 48®49r: No. 2 white, 49 r j6l 49~i c : No. 3 white. 4S@49c; No. 3 ylelow, 48% r<i)!9V.c; No. 4 mixed and No 4 yellow. 47%®48%c; No. 4 white. 48@48%e. Oats —No 2 white. 356736 c; No. 3 white, 32% @.34c; No. 1 white. 32%@33c. TOLEDO GRAIN PRICES. TOLEDO. Dee. V.—Wheat— Cash rnd December. $1.25%; May, $1.35. CornCash, 556*360. Oats—Cash. 38%<7i-iO%e. ltye—Cash, 84c. Barley—Cash, 60c. PRIMARY MARKETS. (By Thomson & McKinnon) —Dec. 2 —Receipts— Wheat Corn Oats St. Joseph .. 37,000 25,000 Chicago 23,1KK) 399.000 113,(MX) Milwaukee .. 11,000 64.000 21,000 Minneapolis.. 275,000 76,000 93.000 Duluth 192,000 23.000 2,000 St. Louis .... 61,000 83.000 24,000 Toledo 1.30.000 15,000 Detroit 2.000 4.000 6,000 Kansas City.. 243.000 55.000 17.0(H) Peoria 1,000 89.000 54,000 Omaha 08,000 145.000 38.0ihi Indianapolis.. 4,<KJO 77,000 22.0(H) Totals 1,041,000 1,038,000 .390.000 Year ago ..1.184.000 491,000 —Shipment— Wheat Corn Oats St. Joseph .. 1.0(H) 24.1HH) Chicago 34.000 42,000 266,000 Milwaukee ... 1,000 4.000 21,000 Minneapolis .. 7.3,(HH1 31,000 64,000 Duluth 612,000 2.000 St. Louis .... 45.000 46,(HH) 16.0(H) Toledo 37,000 1.000 4.0(H) Detroit 2,000 Kansas City.. 127.000 105.1HK) 27,000 l’epria 1 1.(H10 37,(HH) 23.0(H) Omaha 55.00 49,(HH) 8,000 Indianapolis.. 3,<HM) 35,000 22,000 Totals 889,000 375,000 453,000 Year ago ..1,085,000 321,000 343,000 -ClearanceWheat Corn Oats Philadelphia .. 27,000 17.0(H) Baltimore .... 69,000 Totals .... 270.000 86,000 Year act .... 9,000 43,000 60,000

INDIANAPOLIS- CASH GRAIN. —Dec. 2 Bids for car lots of grain and hay nt the call of the Indianapolis Board of Trade were; Wheat—Firm; No. 2 red, $1.27fi11.28. Corn—Steady; No. 2 white, 53%@54c; No. 3 whiie, 61@52c; No. 4 white, 5002 51c; No. 2 yellow, 65@55j'jc; No. 3 yellow, 52%@530; No. 4 yellow, 51%@52c; No. 3 mixed, 51@)51%c; No. 4 mixed, 40% (jgKiOe. Oats—Steady; No. 2 white, 37%@38%c; No. 3 white, 33%@36%c. Hay—Steady; No. 1 timothy, [email protected]; No. 2 titmothy, $16.50@17; No. 1 light clover mixed, [email protected]<);No. 1 clover, sl9 @2O. —lnspections Wheat—No. 2 red, 1 car; No. 2 mixed, 2 cars; sample, 5 cars; total, 8 cars. Corn—No. 1 white, 1 car: No. 2 white, 2 cars; No. 4 white, 7 cars; No. 5 white, 1 car; No. 2 yellow, 1 car; No. 3 yellow, 4 cars; No. 4 yellow, 18 cars; No. 5 yellow, 16 cars; No. 0 yellow, 4 cars; No. 3 mixed, 3 cars; No. 4 mixed, 10 cars; No. 5 mixed. 2 cars; No. 6 mixed, 1 car; to tal, 70 cars. Oats—No. 2 white, 1 car; No. 3 white, 2 cars; No. 4 white, 1 cur; No. 3 mixed, 2 cars; total, 6 cars. Rye—No. 3, 1 car. HAY MARKET, The following are the Indianapolis prices for hay by the wagon load, delivered : liny—Loose timothy, slC@l7; mixed hay, $15(0:16; baled hay, $16(3j17. 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. WHOLESALE FEED PRICES. Ton. Cwt. Acme Bran -$26.00 $ .35 Acme Feed 20.00 1.35 Acme Midds 30.00 1.55 Acme Dairy Feed 43.00 2.20 E-Z-Dairy Feed 38.75 1.70 Acme H. & M 31.75 1.03 Acme Stock Feed 25,75 1.40 Acme Farm Feed 31.25 1.65 Cracked Corn 29.25 1.50 Acme Chick Feed 37.75 1.95 Acme Scratch 34.75 1.80 E-Z-Serateh 32.25. 1.05 Acme. Dry Mash 43.75 2.25 Acme Hog Feed 37.00 1.90 Ground Barley, 37.75 1.95 Ground Oats 31.00 1.60 Homliek Yellow 28.25 1.45 Rolled Bailey 37.75 195 Alfalfa Mol 33.50 1.70 Cotton seed Oil Meal 50.00 2.65 Linseed Oil Meal 48.50 2.55 Chick Masb 45.75 2.40 Tankage 55.50 4.15 Meat Scraps 78.00 4.15

SWINE 15 TO 25 CTS. HIGHER Trade in Cattle Shows Life— Calves and Sheep Steady. , RANGE OF BUG PRICES. Good Good Good Nov. Mixed. Heavy. Light. 23. $6.85® 6.90 $6.75 $6.85® 7.15 25. 7.10® 7.35 7.00® 7.10 7.35® 7.5 U 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 Dec 1. 6.85® 7.00 6.75 7.15® 7.25 2. 7:10® 7.25 7.00 7.25® 7.50 With swine receipts around 10,500 and ?he local packers displaying a good demand, swine prices were 15@25c higher in trade on the loval livestock exchange today. There were, however, spots that were fully 40c higher, but these sales were outside the general market. Large receipts and lower price tendencies on other of the principal swine markets of the country had no bad effect at all upon the trend of the local market. Light hags brought [email protected], with the bulk of that grade selling at $7.25® 7.33. Mixed swine sold at [email protected], mediums at $7.10 and heavies at $7. Pigs were in fair demand, selling all the way from $7.23 to SB, due to competition among buyers for stock purposes. Roughs were also in fair demand at about steady prices, selling at $6 and down, while stags brought $4.50@5,50. The bulk of the sales for the day ranged at [email protected]. There were but few light swine on the market in proportion to the receipts. The bulk of the receipts were heavies and mediums. Packers were not so active after the first hour, but most of the shippers showed fair demands also and the bulk of the swine on sale had been sold before the close of the forenoon. There was a fair tone to trade in cattle with receipts around 800 fresh and the quality only common to fair. Packers were active and prices ruled steady generally. Practically all grades of cattle were in good demand. There were no choice steers or heifers on thi market, and but few steers among the receipts. The bulk of the heifers sold at’ss6(6 and the bulk of the steers at $6 @7. Bulls sold all the way from $2 to $4. Although the demand for calves was not so good as on the market of the previous day, prices on good and choice veals were steady. The common grades of calves, however, were weak in spots. There was a top of sl3 on choice veals and the bulk of that grade brought sl2® 12.50. Receipts for the day ran close to 600. There were only 30 sheep and lambs on the market, and, with the demand good and the quality fair to good, prices ruled steady. Choice lambs brought a top of $9.50. HOGS. Best light hogs, 130 to 180 lbs. average $ 7.25® 7.50 Over 300 lbs 6.9061) 7.00 150 to 300 lbs 7.006(1 7.50 Sows . 5.00@ 6.00 Stags 4.50® 5.50 Best pigs, under 140 lbs 7.25® 8.50 Top 7.50 Bulk of sales 7.00® 7.25 CATTLE. Prime eornfed steers, 1,300 to 1.800 lbs 6.50® 7.75 Good to choice steers, 1,200 to 1,300 lbs 6.00® 6.75 Good to choice steers, 1,100 to 1,200 lbs 5.25® 000 Good to choice steers, 1,000 to 1,100 lbs 4.2|® 5.25 Common to medium steers, 800 ’ to 1,000 lbs 4.00® 4.50 Choice yearling steers 7.50® 9.00 —Heifers anil 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® 3.50 Fair to medium cows ......... 1 .Ob t' 2.00 Cutters ’.so® 2AO Canners 75® 1.50 —Bulls— Good to choice butcher bulls. 3.25® 4.00 Bologna bulls 2.7364 3.00 Light bologna bulls . t 2.00® 2.50 Light to common bulls 2.00 —Calves— Choice veals 12.00®13.00 Good veals 50(H)® 11.00 Medium veals 0.00tg10.00 Lightweight veals 7.00® O.OO" Cornmon heavyweight veals .. 5.00® 6.00 .. —Stockers and Feeders— Good to choice steers, under 800 lbs 4.50® 5.50 Medium cowa 2 00® 3.00 Good cows 3 00® 4.00 Good heifers 5.00® 7.00 Medium to good heifers 4.00® 5.60 Milkers 37.00®73.00 —Sheep and Lambs— Ewes I.oo® 2.50 Bucks 1.5066 2.00 Choice ewes and wether lambs 7.50® 9.75 Seconds . 5.00® C.os Buck lambs o.oo®U.'io Culls B.oo® 5.00

Other Livestock CHICAGO, Dec. 2.—Hogs—Receipts, 32,000; market, fairly active and mostly steady to 5 cents lower; bulk of sales, $6.70®.6.90; top, $7.10; heavies. $6.75® 6.85; mediums, [email protected]; lights, $0.80@7 ; light lights, $0.00(117.10; heavy packing sows, smooth, so.lo® 0.56• packing sows, rough, $5.85®0.2'J; nigs, [email protected]. Cattle —Receipts, 3,000: market, strong to 25 cents higher. Beef steers—Choice and prime, [email protected]; medium and good, $0.25(179.75; gned an., choice, $S35@ 11.25: common and medium, [email protected]. Butcher eiittle—Heifers. $3.75(3)8.75; ~cows. $3.60® 6.50; bulls, $3.35@:0. Conners and cutters, cows and heifers. $2.60®3.60; oanner steers, [email protected]; real calves, [email protected]; feeder steers, [email protected]; stocker steers. $3.65(7(6.40; stoeker cows and heifers, $3.15 @5. Sheep and ltnnbs—Receipts, 8,000; market, steady *o 25 cents higher; good to choice lambs. $9.25® 10.75; cull and common lambs, •*o 75<f#9; yearling wethers, $0(39.25; ewes. $8(85.25; cull and comihon ewes, [email protected]; feeder lambs. $S@9 15. CINCINNATI, Dec. 2.—Hogs—Receipts, 7.200; market steady; heavies and mediums, $7.25; lights and pigs, $7.50; roughs. $5.50; stags, $1.25®4.50. Cattle —Receipts. 700; market stendy to strong; calves, $12@13. Sheep and lambs—Receipts, 700; market steady; ewes, sl@ 3.50; choice lambs, $10.50; seconds, s7@ 7.50 ; culls, s4@s. CLEVELAND, Dec. 2.—Hogs-Receipts, 14,000; market, 10c lower generally; yorkers, $7.75; mixed, $7.25: mediums, $7.25; pigs, $7.75; roughs, $6; slags, s*, Cattle—Receipts, 500; market slow and 15c to 25c lower. Sheep and lambs —Receipts, 2,500; market 25c lower; top, $10.50. Calves—Receipts, 300; market steady; top, sl2. EAST ST. LOUIS, Dec. 2.—Hogs—Receipts, 12,500; market, steady; mixed and butchers, $6.95(37.05: good henvies, $0.90 @7; roughs, SS.GO@6; pigs, [email protected]; bulk of sales, $0.95@7. Cattle—Receipts, 1,500; market, steady; native beef steers, sß@9; yearling steers and heifers, sß@ 10; stockers and feeders, [email protected]; calves, [email protected]; canners and cutters, $2.25@3. Sheep and lambs—Receipts, 7,000; market, steady: mutton ewes, s3@>4; good to choice lambs, $9.50(3)10; canners and choppers, [email protected]. EAST BUFFALO, Dec. 2—Hogs—Receipts, 14,400; market slow; yorkers, $7.50; pigs, [email protected]; mixed, $7.15@l 7.25; heavies. $7(3 7.10; roughs, $5.75@>0; stags, [email protected]. Cattle —Receipts. 350; market slow; shippnig steers, $7.50(3:9; butcher grades, $7.23(3)8 25; heifers, $4.75 @9; cows, [email protected]; bulls, $3 [email protected]; feeders, $5(3,5.50; milk cows and springers, $40(3)135. Calves—Receipts, I.SOU; market active; cull to choice, $5(3)13. Sheep and lambs —Receipts, 9,000; market slow; choice lambs, $10.50@11; cull to fair, s6@lo; yearlings, [email protected]; sheep, s2@o. PITTSBURGH, Dec. 2.—Hogs—Receipts, 4.000; market, steady; nrime heavies, prime heavies, $7(3)7.15; mediums, $7.50® 7.65; heavy yorkers, [email protected]; light yorkers, $7.75®7.90; pigs, $7.75@ 7.90; roughs, SS.SO@G; stags, [email protected]. Cattle —Receipts, less than 100; market, steady. Calves—Receipts, light; market, steady; veal calves. sl3; heavy and thin calves, ss@B. Sheep and lambs—Receipts, 1,000: market, steady; prime wethers. $1.75@5; good mixed, $4.40(3)4.65; fald mixed, $3.50@4 25; culls and commons. sl@2; choice lambs, $10.75. 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. 3.18 c. Lotus— No. 2,28 c; No. 3,23 c. Round—No. 2, 15c; No. 3,12 c. Chucks—No. 2,10 c; No. 3,9 c. Plates —No. 2. 9c; No. 3. Bc.

j Weather The following table shows the state of the weather in Other cities at 7 a. in., Dec. 2, as observed by U. S. Weather Bureaus: Station. Bar. Temp. Weath. Indianapolis, Ind.. 29.30 55 Rain Atlanta. Ga 29.6S 38 Cloudy Amarillo, Texas 29.56 30 Clear Bismarck, N. D.... -9.90 24 Cloudy Boston, Mass SO.IO 36 Cloudy Chicago, ill 29.36 44 Rain Cincinnati, 0hi0.... 29.38 54 PtCldy Cleveland, 0hi0.... 29.40 54 Rain Denver. Colo 29.64 34 Clear Dodge City, Ivas... 29.70 32 Clear Helena, Mont 29.62 34 Snow Jacksonville, Fla... 29.88 66 Cloudy Kansas City, M 0... 29.72 36 Cloudy Louisville, Ky 29.46 54 PtCldy Little Rock, Ark... 29.66 48 Clear Los Angeles. Cal... 30.12 52 PtCldy Mobile. Ala 20.78 62 Clear New Orleans, La.. 29.82 60 Clear New York. N. Y 29.9.8 50 Cloudy Norfolk, Va 29.90 56 Cloudy Oklahoma City 29.72 42 Clear Omaha, Neb 29.7.8 30 Cloudy Philadelphia, Pa... 29.92 44 Cloudy Pittsburgh, Pa 29.56 5S Cloudy Portland, Ore 30.42 44 Clear Rapid City, S. D.. 29.80 20 Cloudy Itoseburg, Ore 30 50 40 Clear San Antonio, Texas 29.82 52 Clear San Francisco, Cal. 30.38 48 Clear St. Louis, Mo 29.50 44 Cloudy St. Paul, Minn 29.68 20 Cloudy Tampa, Fla 29.94 68 PtCldy Washington, D. C.. 29.82 52 Cloudy WEATHER CONDITION'S. The storm traversing the plains region Thursday morning lias moved eastward and now covers the district from the Great Lakes to the Gulf, over which region precipitation, heavy In places, has occurred. Warmer ' weather extends in front of the storm tn -most Eastern States except New England, while colder weather has pushed into the westward from the upper Mississippi Valley to the west Gulf coast, where the readings have fallen to about the seasonal average. Another extensive disturbance has moved rapidly in from the North Pacific to the middle Rocky Mountain district, and it Is followed b.v a pronounced field of high barometric pressure now touching the Pacific States. WHITE RIVER CONDITIONS. At 7 a. m. today stages in White River were as follows: Indianapolis 7.7, falling; Elliston 18.9, rising; Decker 18.5, failing. J. H. ARMINGTON, Meteorologist, Weather Bureau.

VALUES ON LONDON STOCK MART HARDEN Cheerful Tone Is Displayea Despite Light Volume of Business. DOLLAR RAILS REACT Special to Indiana Dally Tiroes and Philadelphia Public Ledger. LONDON, Dee. 2. —The stock market again was cheerful In tone aud yesterday, despite the scarcity of business, values were mostly harder, the determining factor being the recovery in international currency. The outstanding feature of strength was the oils, home rails, German bonds and mining specialties. The Gilt Edged market were firm, but without much change. German 3s fluctuated wildly in the foreign market, while French issues hardened with the francs. Home rails participated in the improved tone, hut dollar rails reacted with Canadian Pacific, which fell to 149. European and otter foreign rails were idle and unchanged. Industrials, including textiles, iron, steel and engineering were subdued. The oil market continued to ascend developing strength on the possibility that the Royal Duten Interim dividend might be paid cash instead of scrip. Mining hardened with the exception of Americans, which showed weakness. Tension relaxed in Lombard street with the distribution of dividends. Sight money was automatically reduced to 3% per cent. Fixtures wore the same. Silver advanced to 37%d for spot, and was unchanged at 37%d for forward.—Copyright, 1921, by F üblic Ledger Company.

In the Cotton Market NEW YORK, Dec. 2.—Weak cable again caused heavy selling at the opening of the cotton market today, in which spot houses and Southern wire concerns participated. First prices were '2 to 27 points net lower. Liverpool was a buyer of the late months. The market continued heavy throughout the first half hour. New York opening prices; December, 16.95 c: January, 17.01 c; March, lT.Ohc; May. 10.80 c: July, 16.34 c; October, 15.70 c; November, 15.15 c bid. The market sagged in the late dealings. The close was steady at a net advance of 1 point to a net decline es 8 points. —Cotton Futures— Open. High. Low. Close. January 17.00 17.30 16.90 17.14 March 17.02 17.28 16.10 17.10 May 16.80 17.05 16.70 10.88 July 16.34 16.50 16.K5 16.40 October 15.70 15.87 15.58 15.68 December 16.9 -i 17.37 16.95 17.23 —Coeton Review— NEW YORK. Dec. 2.—The cotton market continues to act as a traders affair, moving within a fairly liberal range, and with daily fluctuations sufficiently broad to encourage the trading element, but there is still nothing in the action of the market that would indicate any decided change in the trend of values. This we are inclined to think wig,come after the various crop reports are out of the way. During the early part of the session there was further short selling, but at around the 17 cents level for January a fairly good demand appeared, and subsequently on the announcement of large spinners takings for the week end, a genorla covering movement "brought about a fair rally. We expect a continuation of the present irregularity for a while but would be prepared in the event of an important setback to purchase contracts wit ha view of holding. LIVERPOOL, Dec. 2.—Spot cotton was rather quiet at the opening here today. Prices were generally steady and sales around 6,000 bales. American middlings, fair, 13.17d: good middlings, 11.47d: full middlings, 1t.07d ; middlings, 10 07d; low middlings. 9.17d; good ordinary, 7 12d: ordinary 6.97d, Futures opened barely steady.

£1 Let Us Discuss With You The Many Advantages of Our Financial Secretary For many years the Fletcher American National Bank has acted as custodian of securities for a great many of its customers. Today this bank, through its enlarged business activity, made possible through the Fletcher American v Company, is giving a complete ser- / vice that really amounts to the full duties of a Financial Secretary. We will be glad to send you a Good inmtmmt l copy of our booklet. May wehavethe opportunity of explaining in detail? FLETCHER AMERICAN COMPANY Second Floor Fletcher Bank Bldg. INDIANAPOLIS

DEMAND FOR TIN PLATE IS STRENGTHENING Outlook for 1922 Good, Many Orders for Equipment Being Placed. PRICES ARE IRREGULAR Special to Indiana Daily Times and Philadelphia Public Ledger, j PITTSBURGH, Dec. 2.—Except for tubular goods, tin plate, for which there is a rising demand, new buying of iron and steel products is somewhat lower. Price conditions are irregular Production has decreased a trifle, this entirely by independents, the Steel Corporation having increased a little and adding three blast furnaces to its activity list. Mills are working on orders received a few weeks ago and substantially the present pace can be maintained until the I holiday period. In the new year, larger buying is confidently expected. 1 The pig iron market generally continues quiet, considering the time that has elapsed since there was any getivity, and the small amount of forward buying there was even at that time. In general, the appearanaee in any market of inquiry of interest tends to develop slightly ■ lower prices. Southern Iron recently dropped from , sl9 to $lB. Birmingham and Valley ! foundry iron has just dropped 50 cents, the occasion being a rather moderatej sized inquiry. Bessemer remains steady at the price held for more than three months. Basic is still quoted at sl9, valley, by furnaces, but there is resale iron that could be picked up for less. One block of 20,000 tons, owned by an -equipment company, was understood to be in the market at $18.30, but has been withdrawn. The Ailis-Chalmers Company has closed a deal for 7,000 tons ts various grades. Os the 140 blast furnaces in the district fifty are now at work, an increase of three for the week, the Carnetrie Steel Company having blown in two at Mingo Junction and one at the Carrie group at Rankin. Important contracts are being' placed for tin plate running over the first half of 1922, and operations of mills have increased. the American Sheet and Tin Plate Company having its mills now going to 75 per cent of capacity. The average of independent companies has advanced to about 70 per cent. Sheet prices have been erratic, weak a 4 then strong, for months past, and Wore quite irregular a week ago, while now there is a fresh effort at price stai bjlization. Manufacturers have advised district sales offices to withdraw all quotations of less than 8 cents for black and 4 cents for galvanized, and an effort wiil be made to maintain the market at these levels. Some first quarter business is reported at these figures by the independents. For pipe there is an increased demand, but practically all makers agree that roost of the increased business is placed at badly cut prices. Buying of wire products Is small, due to the approach of inventory period. It is estimated by a Pittsburgh car tuilder that there are approximately 20,000 cars, steel and wood, to be purchased, Involving over six hlundred thousand tons of steel. The Chicago, Burlington & Quincy Railroad has an inquiry for 7,500 freight cars, 127 all-steel passenger ears and fifty-five locomotives. The Seaboard Air Line wiil shortly be in the market for 400 miscellaneous types; the Delaware, Lackawanna & Western may close this week for 500 box cars; the Santa Fe has placed orders for 2.500 refrigerator cars, 1,250 each to the American Car and Foundry Company and the Haskell & Barker Car Company.—Copyright, 1921, by Public Ledger Company.

King Wears Patched * Shoes for^Comfort LONDON, Dec. 2.—“ When he Is out of the public eye Ills Majesty often sacrifices personal appearance for comfort. Indeed, when in conversation with him some time ago I noticed that one of the shoes he wore was adorned with a patch.” This Is one of the many interesting anecdotes of his long connection with the British royal family told by Mr. Ernest Brooks, who is the accredited royal photographer. It was Brooks who accompanied the Trince of Wales on his colonial tour, and he relates That while on board H. M. S. Renown, he took a portrait of the Prince of Wales in his bath, which was published in the London newspapers. Some time later the Prince sent for him and in a “very kindly way explained that j the King had objected to its publication 1 and had considered it an indiscretion on : ray part.” The following story gives some idea as to the King's tastes in regard to feminine fashions. Mr. Brooks was ordered to take a photograph of Princess Mary. When I shown the negative his majesty raised an ; objection to the width of the panniers on | either side of the Princess's frock and ' ordered him to take them out of the | negative, commenting that he considered that they were too wide and were not his idea o' feminine wear. CLEVELAND PRODUCE. CLEVELAND, Dec. I.—Butter—Extra, in tubs, 50@50%c; prints, 51@51%c; extra firsts, 49@49%c; firsts, 48@48%c: second.H. 406f40%c: packing stock, 27® 2Scj Eggs—Fresh gathered, northern exi tras, 59e; extra firsts. 58c; Ohio firsts, | new cases. sc: old cases, 54c; Western I firsts, new cases, 50c. Poultry—Live, 'heavy fowls, 20® 22c; light, 16@18e: spring culls, 156110 c; spring ducks, 24® 27c; turkeys, 45c. Potatoes—Michigan. $3 per 100-lb bag; Early Ohios, $2.80 per 2-bu bag; sweet potatoes. Jerseys, $3.75 per barrel. $2.20 per hamper. CHICAGO PRODUCE. CHICAGO, Dec. 2.—Butter—Receipts, 5.000 tubs; creamery extras, 47c; firsts, 36%@45c; firsts, 36%@45c; packing stock, 23@2ic. Egg*—Receipts, 2,400 cases; current receipts, 50®52c; ordinary firsts, 43®47c; firsts. 50@53c; checks, 26@2Sc; dirties. 2S®3oc. Cheese—Twins, 19c; daisies, 18%6(15%c: young Americas, 19%c; longhorns, 19%c: bricks, 10%c. Live poultry—Turkeys, 30c; springs, 21c; roosters, 15c; geese, 23c; ducks, 22c. Potatoes —Receipts, 45 cars; Red Rivers, $1.40®1.60; Northern White. [email protected], TOLEDO SEED PRICES. TOLEDO, Dec. 2.—Cloverseed—Cash, December and March. $12.05; January. $12.70: February, $12.75. Alsike—Cash and December. $10.70; February, $10.90; March, sll. Timothy—Cash,- $3.10; December and January, $3.15; February, $3.25; March, $3.30 bid.