Indianapolis Times, Volume 34, Number 178, Indianapolis, Marion County, 6 December 1921 — Page 10

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TRADE VOLUME INCREASES IN STOCK MARKET Victory Bonds Cross Par for Higher Level—German Marks Decline. SOME STIFF ADVANCES Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK. Dec. 6. —Considering tile extent of reactionary sentiment in professional circles, the stock market displayed a surprising amount of strength. Volume of trading was fairly large, and while the scope of the advance was not as wide as It has been In some of the recent markets, the buoyancy displayed by certain groups indicated a favorable technical position and adequate buying power. The raids were inclined to heavines* and a few issues, notably the Rock Islands, were somewhat weak. There was heavy selling of a few specialties, such •:s Sears-Roebuck, American Sugar and Standard Oil of New Jersey, American Car and Foundry reacted sharply on profit taking. The tone of the market, however, was dominated by advances in some of the equipments, particularly American Locomotive, the motor and rubber tire stocks. Liberty Londs were strong, with the Vic*jr issues crossing par for anew high level, while the fourth Liberty 4%s crossed OS, anew high level for the year. French bonds and the United Kingdom 5%s were strong. Among the active specialties International Mercantile Marin was a leader on recurring talk of subsidy recommendations and good earnings. National Lead, American Tobacco, United States Rubber, Coodrich and Kresge made stiff advances. In the market for foreign exchanges the strength of Sterling and francs were In contrast with the easiness la marks. Tile (feeline in German cn. ency was undoubtedly Influenced by the increase in note £ireula*ton to a level passing the linndred billion mark point.—Copyright, 1921, by Public Ledger Company.

WALL STREET GOSSIP. By MONITOR. The buying in Lehigh Valley is of a most significant character according to brokers watching the transactions on the floor. Very little stock is offered on recessions, aud it is evident some important interest is accumulating a considerable line. No date has been set by the Department of Justice for arguing the Government objection to the segregation plan, but the buying of stock evidently ia based „ou assumption of a favorable outcome. The old pool which made the spectacular movements In International Mercantile Marine preferred during the war has showed its hand clearly again. It was notable during the war markets that Marine preferred almost invariably moved against the trend in other stocks. While the market was reactionary toward the close, the pool in Marine bid the price up to anew high record for the movement Sears Roebifk was weak throughout the session. When the general market was advancing during the morning this stock declined and the downward movement was accelerated during the reactionary tendency during the afternoon. Two weeks ago several large operators began buying International Harvester and selling Sears Roebuck. The objective for Harvester was said to be 85, a price which has been reached. The objective for Sears Roebuck is said to be under 50. Soiling of St. Taul. both common and preferred, was accompanied by reports that the company would have difficulty in meeting its bonded interest due MaTeh 1 next. Trade! - ! who sold the stock failed to investigate, or they would have learned that the company has no interest coupons held by the public due on that dat*. There is a Government loan of f21.345.0h0 amply secured, which matures at that time, but bankers expressed the opinion that no trouble will be experienced in renewing it. Lima Locomotive advanced 14 points on transactions of 1.300 shares. It is understood the majority of stock of this company is owned by interests identified with the l’ullinnn Company and Haskell tz Barker. Buying was for the account of these latter interest's and was accompanied by n report that the Lima Company will show net profits for the year several times greater than the dividend requirements. Speculative activity in the rubber stocks has been increased through the advance in price of crude rubber to a traction more than 20 cents a pound. This represents practically a 100 per cent increase. Tire manufacturers are reported to have been large buyer* of crude and this buying has stimulated not only the rubber trade, but that of the tire manufacturing companies as welL Some shrewd judges of the steel stocks have been extensive sellers of the shares of some of the independent companies during their recent advance. It is reported the National Lead Company has earned slightly more than its dividend requirements during the present year. Directors of American Woolen Company met and declared the quarterly dividends $1.75 on both preferred rnil common stocks. All of the motor stocks were strong under the leadership of Studebaker. Buying of the other motor stocks was in sympathy with Studebaker. A report lhat this latter stock will show earnings nfter the preferred dividend of S2O a share stimulated some outside buying, ropy right, 1921, by Public Ledger Company.

In the Cotton Market

NEW YORK, Dec. 6.—The cotton mart opened firm today at net advances t 24 to 32 points. Liverpool was sharply higher on the itlcment of the Irish question and this used the upturn here. New York opening cotton prices: Dember, 17.50 c; January, 17.45 c: March, 40c: May. 17.0 Ce; July. 16.G0c; Sepmber, 10.35 c, October, 16.10 c. l'hc market sagged in the late afterion and closed barely steady at a net •ivance of 0 to 20 points. —Cotton Furores— Open High Low Close an 17.45 1f.50 17.23 17.23 larch 17.40 17.45 17.20 17.22 ay 17.00 17.18 10.07 16.00 'uly 16.00 16.72 16.54 16.54 >-L 16.08 18.15 16.00 15.94 oee 17.50 17.55 17.3 C 17.39 LIVERPOOL, Dec. 6.—Spot cotton was ;uiet at the opening today. Prices were ready and sales' around 5,000 bales. American middlings fair, 13.43d; good liddlings. 11.73d; fully middlings. 1.33d; middlings. 10.93d; low middlings, 1.73d; good ordinary, 7.95d; ordinary, 7.2 Cd. Futures were steady during the initial hour. NEW YORK METAL MARKET. NEW YORK, Dec. 6. —Copper—Firm; ;>ot, December and January offered at ':>c. Lead—Steady; spot, December and January offered at 4.80 e. Spelter—Firm; .-pot, December and January offered 4.90 c. INDIANAPOLIS PRODUCE. Butter—Local dealers are paying 41@ 42e per lb. i or butter delivered in Indi-, saapolis. Hggs—Loss off, 50@53e. Butter—Pack- : ing stock. 19@20c. Poultry—Fowls, 16<g j 22c; springs, lS@l9c; cocks, 10(iil2c; stags, 12tttl*c: young ben turkeys. 8 lbs. and up 30@35c: young tom turkeys, 12 lbs. and up, 30(§35c; old tom turkeys, 27 ft3oc; cull thin turkeys not wanted:; ducks, 4 lbs. and up. 16@lSc; spring ducks. 3 lbs. and up, 17c: geese. 10 lbs. , and up. 15c; rabbits, drawn, per dozen. I $1.50: squabs, 11 lbs. to dozen, $5: young; guineas, 2-lb. size, per dozen, $7(o;S; old. guineas, per dozen, $5. Butterfat—Local dealers are paying 42c; per pound for all butterfat delivered In! Indianapolis.

N. Y. Stock Exchange (By Thomson A- McKinnon.) —Dec. ti— I’rev. I'rev. High. Low. Close, close*. Allied Cbem. ... 58% 50% 57% 56% Ajax Rubber ....19% 18% 19% 18 Ailis-Clialuiers . 38% 37'% 38 38 Am. Agric 31% 30% 31% 30% Am. Beet Sug. .29 28% 29 28% Am. 11. Mg. Cos.. 35% 34% 35 35 Am. C. iz F 140 145% 146 145% Am. Can 2% 32% 32% 32% Am HAL com. 12% 12% 12% 13 Adv. Rumely ..-12 12 12 Am. Ice 75% 75 75% 73% Am. Int. Corp... 42% 41% 41% 42% Am. Linseed ... 31 Vi 31% 31% 32% Am. Loco 99% 98% 99% 99 Am. S. & R 43% 43% 43% 44 Am. Sug. Ref. .. 55% 53% 55 54% Am. Sum. Tob.. 33% 82% 33% 32V* Am. Steel Fdy... 34% 34 34 34 Ain. Tel. & Tel 116 115% 115% 116 Am. Tob 136 135 Vi 135% 134 Am. Woolen ... 81% 80% 81 80% Atl. Coast Line 90% 59% 89% 90 Anaconda Min.. 4(1% 40V? 46% 46% Atchison 89% 89% 89% 80% Atl. G. &W. I. 32% 31% 31% 31% Baldwin L0c0... 95% 93% 94% 95% B. A 0 37% 36% 37 37 Beth. Steel (B). 57% 50% 57 56% Cali. Pete 44& 44 44 44% Can. Pac. Ry... 119% 118 119% 118% Cent. Leather... 31 29% 31 31 Chand. Mot. ... 50% 49 50% -*B% C. A 0 57% 57 57 57 C.. M. A St. P. . 22% 31% 22% 21% CMSTP. pfd. ... 35 34% 34% 34% Chi. A North. ..69 68 69 68 C.. R. I. AP. .. 33% 32% 32% 33% CRIP 795. pfd. .. 89% 89Vi 89% 88% Chili Copper ... 12% 12% 12% 12% Chino Copper.... 27% 27 27 27% Coca Cola 38% 38% 38% 38Vi Col. F. A Iron 26 25% 20 20% Coluin. Gas.... 64% 64 oi% 64% Coluru. Graph... 4% 3% 4% 3% Cont. Can. ..... 47 47 47 Cosden Oil 34% 33% 33% 33% Corn Prods 89% SS SO 88% Crucible Steel.. 65% 64% 65% 64 Cub. Am. Sugar 14% 14% 1% 14% Cub. C. Sugar. 7% 1% 7% 7% Del. A Lack.. .111% 1110% 111% 111% Erie 11% 11% 11% 1% Endicott 79 76% 78% 76% Fam. Plays.... 72 69 72 69% Fisk Rubber Cos. 11 10% 11 10 Gen. Asphalt.... (56% 65% 65% (56 Gulf States Stl. 48 47% 4S 49 Gen. Electric.... 143% 142 143% 142 Gen. Motors.... 11% 11 11% U Goodrich 36% 35 36% 34% Gt. North, pfd.. 77% 76% 77% 77% Gt. North. Ore.. 33 32% 32% 33% Houston 0i1.... SI 79% 79% 79% Haskell Barker. SI 81 81 81 Illinois Central. 90% 99% 99% 99 Inspiration Cop. 38 37% 37% 37% Invincible 0i1... 12% 12% 12% 12% Indiahoma 4% 4% 4% 4% Int. Harvester.. 84% S2 82 % 83% Int’l Nickel .... 11% 11% 11% 11~ Inter. Paper.... 53 02% 53 52 Isl. Oil A Trans. 32% 33 K. C. South 24% 24% 24% 24Vi Kelly-Spring. .. 25% 25% 25% 25% Lack. Steel 47% 46% 4(5% 47% Lehigh Valley.. (50 58% 59% 58% Lee Tire 29% 28% 29% 28% Loews, Inc 14 Vi 14% 14% 14 Marine c .m. ... 16% 15% 15% 16 Marin • pfd 67% 65 66% 67 Mav Stores 97 94 97 92 Max. Motor (B). 12% 12% 12% 11% Maryland 0i1... 28% 28 28% 28 Mex. Petrol 113 111% 112% 112%

Miami Copper.. 26 25% 25% 26 Mid. States Oil. 15% 15 15% 13% Midvale Steel... 28 27% 2S 28% Mo. Pac 19 18% 18% IS% Mo. Pac. pfd... 46% 46% 46% 46% Nat. E. A Stp.. 44% 42 42% 42% National Lead.. S6 83% 86 83% N Y Air Brk 61 60% 61 61% N. Y. Central . 74% 74 74% 74% New Ilityen ... 13% 12% 13% 12% Nor. A West. .. 98% 97% 97% 99 Nor. Pacific . ...Sl% SO% 80% 81 Pac. Oil 45% 45 45% 45% Pure Oil 37% 3'% 37% 37% Pan-Am. Pet. .. 51% 51% 51% 51% Penna. Ry 34% 33% .34 34% People’s Gas ... 56% "6 56% 55% Pierce-Arrow .. 15% 14% 15% 14% Pierce Oil Cos. . 13% 12% 13 13% Pittsburgh Coal 63 62 % 62% 02% Press. Stl. Car.. 07% (57% 07% 68 PulL Pal. Car..llo 108% 109 100 Ray Copper ... 14% 14% 14% ... Reading 72% 72 72% 72% Rep. I. A S 54% 53% 53% 54% Rcplogle Steel . 27 26 28 25% It. D. of N. Y.. 49% 48 Vi 48% 47% Scars-Roebuek.. 57% 54% 57 55Vi Sinclair 22% 22% 22% 22% South. Pac .80V. 79% .80% 80 South. Rv 19% 19% 19% 19% St.L.AS.W. Rv.. 21% 21V? 21% Stand. Oil, N. J.. 188% 1.87 Vi 187'% 187 St.L.AS.F. com.. 22% 22% 22% 23 Stroniberg Carb. 33% 32 33% 32 Studebaker 81% 78% 81% 78% Texas Coal AO. 29% 28% 28% 29 Texas Cos 45% 45 43Vi 45% Texas A Pac.., 24% 24 21% 23% Tobacco Prod... 60% 09% 60 59% Trans. Oil 12 11% 11% 11% Union Oil 20% 19% 19% 20 Union Pac 127 125% 127 126 United R. S 53% 52% 53 02% r. s. f. p. Cos. ii-% io% it United F. Cos.. 124 122% 122% 123% United Drug 70% 70% 70% 70% r. S. In. Alcohol 37 30% 35% 36 U. s. Rubber... 55 52% 55 52% U. S. Steel 84 Vi 83% 83% 83% U. S. Steel pfd.. 113% 113% 113% 13% Utah Copper... 09% 59% 50% 50% Van. Steel 34%% 33 33 33% Vir-Car Chem... 30 28% 30 28% Wabash 7% 7% 7% 7 Wabash Ist pfd 21 % 21 21% 21 White Oil 12*J 12% 12% 12% Weetern Union.. 91% 91% 91 Vi 91% West. Electric... 49V 49 49% 48% White Motors... V 39% 40% 39% Wlllys Overland 6% 5% 5% 5% Wils< nA Cos 30% 30Vi 30% 30 Worth. Pump... 44% 44% 44% Woolworth 123% 123% 123% 123% Wis. Central 27 27 27

NEW YORK LIBERTY BONDS. —Dec. 6 Frsv. High. Low. Close. Close. L. B. 3%s 96.40 96.10 96.10 96.50 L. B. 2d 45.... 97.40 L. It. Ist 4%5.. 97.98 97.74 97.76 97.88 L. B. 2d 4%s 07.70 97.44 97.44 97.70 L. B. 3d 4%s 98.18 97.90 97.90 98 04 L. B. 4th 4%g... 98.02 97.74 97.74 98.00 Victory 3*is 100.00 99.96 100.00 99.98 Victory 4%s 100.02 99.94 100.00 99.0S NAMES CAUSE OF MISERY IN EUROPE Richard Lieber Addresses Anderson Rotarians. Special to The Times. ANDERSON, Ind., Dec. 6.—“ We can not apeak of a conquest of nature when experience shows that we become more dependent than ever upon It In order to find food, shelter and clothing for the world's ever increasing population and In order to safeguard the standards of our social, intellectual, artistic and ethic achievements,” declared Richard Lieber, director of conservation in Indiana, addressing the Rotary C.ub here this noon. “Eastern Europe and Asia portray want, misery and despair such as the civilized world has never before witnessed,” he said, “because natural resources or human capacity have failed.” Charging that natural resources are the basis of all prosperity, and the Indiana Department of Conservation has assumed the heroic task in this commonwealth of keeping natural resources in, sufficient abundance so that man may have a happy, fruitful life, free from suffering—a relatively easy physical existence —Mr. Lieber said bis dpartmnt is striving to reduce the intensity of the struggle for existence. This may be done he said by making the situation more favorable; to reduce mere subsistence to a subordinate qilace and thus give an oportunlty for development to a higher intellectual and spiritual life.

King Is Delighted LONDON, Dec. C.—King George scat the following message to Premier Lloyd George on the Irish settlement: "I am overjoyed to hear tbs splendid news you have sent me. I congratulate you with all my heart upon the successful termination of these difficult and protracted negotiations, which was due to the patience and conciliatory spirit you have shown throughout. I am Indeed happy tn some small way to have contributed by my speech at Belfast to this great achievement.”

STEELS RALLY IN LATE DEALINGS Studebaker Shows Gain of 3 Points—Rails Higher. NEW YORK. Dec. 6.—The stock market closed strong today. Studebaker moved up over 8 points to 81% and Chandler Motors sold above 90, a gain of over 2 pointg. The steel isues rallied from low levels, Steel common moving up from 83% to 83%. Union Pacific rose over 1 point to 327. Government bonds were unchanged and railway and other bonds were strong. Sales of stocks were 728,000 shares; bonds, $21,298,000. TWENTY STOCKS AVERAGE. NEW YORK, Dec. 6.—Twenty industrial stocks Monday averaged 78.93, off .07 per cent. Twenty active rails averaged 75.01, off .49 per cent. Money and Exchange Indianapolis bank clearings Tuesday were $2,890,000. NE WYORK CALL MONEY. NEW YORK, Dec. o—Money—Call money ruled 5 per cent; high, 5 per cent; low, 4% per cent. Time rates quiet, all 5(§5% per cent. Time mercantile paper quiet. Sterling exchange was strong, with business in bankers’ bills at $4.08 for demand. MOTOR SECURITIES. (By Thomson A McKinnon) —Dec. 6. Earl Motors 10% 11 Packard com 7% 7% Packard pfd 67 70 Continental Motors com 6 6% Continental Motors pfd 85 90 Hupp Motors pfd 11% 11% Hupp pfd 92 98 Reo Motor Car 19% 19% Elgin Motors 4 4% Grant Motors 1 1% Ford of Canada 247 —>2 International Motor com -6 National Motors 1% Federal Truck 14 _b Paige Motors 14% L Republic Truck 6;a ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Dec. 0— —Opening— Bid. Ask. Anglo-American Oil 21% 21% Atlantic Lobos S : : Borne-Scryiuscr . 225 350 Buckeye Pipe Line S4 86 Chesebrough Mfg. Cons 180 195 Continental Oil. Colorado ....118 123 Cosden Oil and Gas 6% 7% Crescent Pipe Line "0 33 Cumberland Pipe Line 125 135 Elk Basin Pete 7% 7% Eureka Pipe Line 82 83 Galena-Signal Oil, pref 100 104 Galena-Signal Oil. com 42 46 Illinois Pipe Line 150 163 Indiana Pipe Line 82 83 Merritt Oil 19% 10% Midwest Oil 2% 3 Midwest Itfg 170 180 National Transit 29 31 New York Transit 147 152 .Northern Pipe Line .......... 97 102 Ohio Oil 280 255 Oklahoma I‘. A 11 3%. 5% Penn.-Mex 15 20 Prairie Oil and Gas .........575 585 I’ralrle I’ipo Lino 234 238 Sapuipx ltefg 3% 4 Solar Refining 350 375 Southern Pipe Line 85 90 South Penn Oil 225 230 Southwest Penn Pipe Line* .. 05 60 Standard Oil Cos. of Kan 575 585 Standard Oil Cos. of Ky 435 450 Standard Oil Cos. of Neb 173 190 Standard Oil Cos. of N. J 388 395 Standard Oil Cos. of Ohio ....400 420 Swan A Finch 45 55 Vacuum Oil 22.> 235 Washington Oil 32 37

NEW YORK CURB MARKET. (Ky Thomson A McKinnon) —Dec. 6 Closing Bid. Ask. Acme Packing 64 CS Curtis Aero com 1% 3% Curtis Aero pfd 18 22 Martin Perry 14% 18 Jumbo Extension 2 Imperial Oil (Del.) 19 10% International Petroleum. 16% 17% Nipisslng 6 6% Standard Motors 4 5 Salt Creek 14% 14% Tonopali Extension 1 7-10 1% Tonopah Mining 1% 1% United P S new 1% 1% C. H. Light and Heat.... 1 1% U S. Light A Heat pfd.. 1 1% Wright-Mnrtln 2 5 Yukon Gold Mine Cos 1 1% Jerome 35 39 New Cornelia 16% 17 United Verde 28 29 Sequoyah 5 14 Omar Oil 80 84 Republic Tire 12 23 CHICAGO STOCKS. (By Thomson A McKinnon.) —Dec. 6 Open. High. Low. Close. Armour pfd 94% Armour Leather... 12% Carbide A Carbon. 46% 47% 46% 47% Libby 6% 6% 6 6 Mtnß-Ward 14% 14% It 14 Nntional Leather.. 2% 32% 3 IMggly Wiggly 19% 20 19% 19% Reo Motors 19% 20 19% 19% Sears-Roebuck .... 55 57 55 57 Stewart-Warner .. 23% 23% 23Vi 23% Swift ACo 100% 100% 100 100% Swift 'lnternational 19% 19% 19 19% NEW YORK RAW SUGARS. NEW YORK. Dec. o.—Trade in raw sugars was quiet on the market here today, Porto Ricos selling at 7.875 c per pound, delivered. Refined sugars were steady, flue granulated being quoted at [email protected] per pound, and No. 1 soft at 5.30 c. NEW YORK HIDES. NEW YORK, Dec. 6—Hide values were firm here on the market today, native steer hides selling at 15%c and branded steer hides at 15@15%c. NEW YORK PETROLEUM. NEW YORK, Dee. 6.—Petroleum prices were steady on the market here today, Pensylvanla crude petroleum selling at $4 per barrel. NEW’ YORK TURPENTINE. NEW YORK, Dec. 6.—Turpentine sold at 81c per gallon in trade on the market here today. NEW YORK RICE. NEW YORK, Dec. 6.—Rico values were steady here on the market today, domestic selling at 3%(g7%0 per pound. NEW YORK COFFEE. NEW YORK, Dec. 6.—Coffee prices were steady here on the market today, opening options being 1 to 4 points higher. Rio Jn'o. 7 on spot sold at 7@9V4c per pound.

WHOLESALE FEED PRICES. Ton Cwt. Acme Bran $30.69 $1.55 Acme Feed 30.0 G 1.55 Acme Middlings 30.00 1.7 u Acme Dairy Feed 44.00 2.35 E-Z-Dalry Feed 35.00 1.80 Acme H. tc M 32.00 1.05 C O. &B. Chop 28.2? 1.45 Acme Stock Feed 28.2-’ 1.45 Acme Farm Feed 32.0: 1.65 Cracked (’Orn 30.0! 1.55 Acme Scratch 35.01 I.SO E-Z-Scrat-It 32.50 1 05 Acme Dry Mash 43.2.' 3.20 Acme Hog Feed 38.2 1.95 Ground Barley 37.7! 1.95 Ground Oats 32.2' 1.70 Hcmlick Yellow 29.2.' 1.55 Rolled Barley 37.75 1.95 Ground Oats 32 21 1.70 Rolled Barley 37 7? 1.95 Alfalfa Mol 33 00 1.70 Cottonseed Meal 48.0( 2.45 Linseed Oil Meal 50.09 2.55 Chick Mush *45.2-i 2.30 Tankage 55.50 2.90 Meat Scraps 80.00 4.50 D Light Scratch 36C0 1.85 FLOUR AND MEAL. E-Z-Bnke b.akcVs’ flour In ÜB-lh. cotton bags, $7.80. CortAmeal In 100-lb. cotton bags, $1.63. V CH KI ST KNIX(\ TRAGEDIES. LONDON, Dec. 6—Rev. Davbl Galloway Cowan dropped dead as he was christening the child of Mr. and Mrs. Cecil Clark. Nine days, later the baby died.

INDIANA DAILY TIMES, TUESDAY, DECEMBER 6,1921.

New York Bonds

(By Fletcher American Cos.) —Dec. 6 FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (Unlisted) ss, Sept. '45.. 72 74 Belgian 6s, Jan. Is, '2s 93% 95% Belgian 7%5, June 1. ’45 10414 104% Belgian Ss, Feb. 1, ’4l ..104% 163 Berne Bs, Nov. 1, '45 108 IOS'/i Chile Ss, Feb. 1, '4l 102% 102% Christiania Bs, Oct. 1, '45 107 Vi 108 Copenhagen sVis, July l, '44 . 87% 88% Danish Mun. Ss, Fob. 1, ’4C..in7% 108% 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, '23 87Vi 88% Canadian ss, Apr. 1, '26 96 96% •Canadian 5%5, Dec. 1, '27.... 91. 92 * Canadian 5%5, Aug. 1, '29 97 97% Canadian ss, Apr. 1, ’3l 94% 95 •Canadian ss, Oct. 1, '3l 87% 88% •Canadian sVis, Nov. 1, ’33.. 91% 93 •Canadian 5%5, Nov. 1, '34., 90% 01% Canadian ss, Mch. 1, '37 93% 94% •Canadian 5%5, Dec. 1, '37.... 93% 94% •French (Viet.) ss, Opt., '31.. 53% 54% •French 4s, Opt., '43 44'% 45% French Bs. Sept. 15, '45 100 100% •Italian (War) 5s 32 33 Jap (Ist) 4%5, Feb. 15. '25.. 86% 87 Jap (2nd) 4s, July 10, '25.... 56% 87 .Tap 4s, Jan. 1,-’3l 70% 71 Norway Bs, Oct. 1, '4O 109 110 Sao Paulo Ss. Jan. 1, '(MS 102 103 Swedish Cs, .Tune 15, 'SO 96 97 Swiss 5%5, Aug. 1, '29 94% 95 Swiss Bs, July 1, '4O 1121. 114 IT. K. 5%5, Nov. 1. '22 99% 99% U. K. s Vis, Aug. 1, '2O 96% 96% l*. K. 5%5, Feb. 1, '37 94 % 94% Zurich Bs, Oct. 15. '45 107 Vi 165% Brasil Bs. June 1, '4l 104 ' 191% French 7%5, Juno 1, ’4l 94% 95% Uruguay Bs. Aug. 1, ‘46 102'/. 103% Argentine 7s. Oct. 1, ’23 09% 100% •Internal Loans. CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s. Nov., ’25.101% 101'% Am. Cotton Oil 6s. Sep. 2, ’24. 95% 96 Anier. Tel. 6s, Oct., ’22 99% 100% Amor. Tel. 6s, Feb., ’24 99% 100 Arner. Thread 6s, Dec., ’28.. 99% 1(0% Amor. Tob. 7s, Nov., ’22 100% 101% Amcr. Tob. 7s, Nov., '23 101% 102% Anaconda 6s. Jan., ’29 86% 97% Anaconda 7s. Jan., ’29 101% 102'% Anglo-Am. Oil 7%5. Apr., '25..103% 103% Armour 7s, July 15. '3O 102% 102% Atlantic Ref. 6%5, Mch., '31..103 103% 801 l Tel, of Can. 7s, Apr., ’25.100'/; 100% Beth Steel 7s. July 15. '22 100% 100'% Beth. Steel 7s, July 15, ’23...100% 100% Can. Pacific 6s, Mch. 2, ’24... 99% 100'% Cent. Arg. Ry. 6s. Feb.. '27.. 91 92 C., R. I. & I*. 6s, Feb., '22 99% Con. Gas Ss, Dec.. '2l 100% 101% Copper Exp. Bs, Feb. 15, ’22.. 100 100% Copper Exp. Ss, Feb. 15, '23. .101 % 102 Copper Exp. Ss, Feb. 15. ”24. .103 103% Copper Exp. Bs. Feb. 15, '25.101 104% Cudahy 7s. July 15, '23 100% 100% Fed. Sugar Os, Nov.. ”24 97 97% Goodrich 7s, Apr., ”25 97% 98% Gulf Oil 6s, July. ’2.3 09% 100% Gulf Oil 7s. Feb., ’33 102% 103% Hocking Vnl. 6s. Mob. ’21.., 97% 98% Humble Oil 7s. Mch.. 15, ’23.. 110 100% Int. R. T. 7s. Sept., '2l 72 74 K. C. Term. 6s. Nov. 15, '23.. 99% 100% Kent). Coroer 7s. Feb., '3O. ...Ktl 101% Laclede (i"s 7s. Jan., ’29 97 % 98% Proctor & G. 7s, Mch., 22...100% loot . Proctor A- G. 7s. Mch, '23... 101 % 101% Pub. Ser. N. J. 7s, Melt , ’22.. 99% 9D% It. J. Reynolds (is, Aug.. '22.. 100% 100% Sears Roebuck 7s, Ocf. 1, '22.100 100% Sears Roebuck 7s, Oct. 15, '23 99% 100% Sinclair 7%5. May. 15, ”25.... 99% 100 Solvay A- Cle K*. Oct., ’27 103% 104% Southern By. 6s. Melt.. '22... 99% 99% S W. Bell Tel. 7s. April, ’25. .100% 101'% Stand. Oil (Cal.) 7s. Jan.. '31.106 106% Std. Oil (N Y.I 7s, J[ ■ ”".-•31,104% 10X% St. Paul U.D. 5%5, Do-. 15, ’23 99 % 99% Swift 7s, Oct. 15, ’25 :. ..100% 100% Texas Cos. 7s, Mch., 1, ’23 100% 101% Utah Sec. 6s, Sept. 15, "22.... 97 OK Western El. is, Apr., *25.,..104 104% Wcstlughouse 7s, May, ’.31...105% 1(X5%

Local Stock Exchange

' —l(gc. 6 - STOCKS. Bid. Ask. Ind. Ry. A Light com 00 Ind. Ry. & Light pfd 75 Indpls. & S. E. pfd 60 Indpls. It N. W. pfd 60 Indpls. St. Ry 37 41 T. H„ T. & L. pfd 52Vi ... T. H., I. ft K. com 4 T. 11., I. h E. pfd 12 IT. T. of Ind. com r. T. of Ind. Ist pfd 7 IT. T. of Ind. 2d pfd 2 Advance-Rumely com Advnnee-Unmoly pfd Ain. Creosoting pfd 92 Am. Central Life 150 Belt It. It. com 59 CS Belt R. R. pfd 43% ... Century Bidg. Cos. pfd 91 Citlxens (’.as Cos 25% ... Dodge Mfg. Cos. pfd 88 Homo Brewing 49 ... Ind. Hotel com 61 Ind. Hotel pfd 91 Ind. Nat. Ins. Cos 3% 5 Ind. Title Guar. Cos 47% ... Ind. Pipe Lines SI 85 Indpls. Abattoir pfd 41 59 Indpls. Gas 42Vi 50 Indpls. Tel. com 2 Indpls. Tel. pfd 90 Mer. Pub. Util, pfd 41 Vi 51% Nat. Motor Car Cos 1% 3% Pub. Snv. Ins. Cos 4% ... Ranh Fertiliser pfd 40 Stand. Oil of Indiana 87% 89 Ster Ing Fire Ins. Cos 7 K Var. Camp Hdw. pfd 100 Vni. Camp Prod. Ist pfd 4 1(H) Van Camp Prod. 2d pM 100 Vatu alia Coni Cos. com 3% Vandnlia Coal Cos. pfd, 5 9 Wabash Ity. com 6'%. 8% Wabash Ry. pfd 21 24 BONDS. Broad Ripple 5s 50 Citizens St. U.v. 5s 67 76 Indian Ck. Coal ami Mine 100 Ind. Coke & Gas 6a 83 89 Indpls. C. A S. 5s 91 Indpls. & Martinsville 55.... 55 Indpls. North. 5s 36 43 Indpls. A N. W. 5s 50 ... Indpls. & S. E. 5s 45 Ind pis. S. & S. E. 5s 75 Indpls. St. Ity. 4s 50 56 Indpls. T. & T. 5s 70 76 T. 11., I. & E. 5s 58 68 IT. T. of Ind. (is 47 52 Citizens Gas 5s 78 87 Indpls. Gas Cos 77 84 Kokomo. M. & W. 5s ’... 80 85 Ind. Hotel Cos. 2d 6s 95 Indpls. L. & 11. 55.......... 81 88 Indpls. Water Cos. 5s 91% 92% Indpls Water Cos. 4%s 95 98% Mer. H. & L. 5s 74 82 New Tel. Ist Cs 94 New Tel. L. D. 5s 93% ... Sou. Ind. Power 5s 88%

Local Curb Market

(By Newton Todd) —Dec. 0— Am. Hominy com 34 20 Central and Coast Oil l l ,i 2Vi Choate Oil Corp Vi IV4 Columbian Fire Ins. Cos 6 7% Comet Auto 1 2 Dayton Rubber Unltffr 00 69 Dictograph Prod, pfd 40 55 I). W. Griffith 8 9'/j Elgin Motor Car 3% 4% Federal Fin. Cos. pfd 7(1 86 Fed. Fin. Cos. com 123 130 Gt. Sou. Prod. & Ref 5 0 Indiana Rural Credits 52 00 Metro. 5-50 c Stores com 7 10 Mero. 5-50 c Stores pfd 2+ 29 National Underwriting 3% 5 Rauch & Lang Units 40 48 Itub.-Tex. Units 15 IS U. S. Automotive Units 70 80 U. S. Mfg. Cos. Units 148 100 BANK STOCKS. Commercial Natl. Bank .... 71 81 Continental Natl. Bank 109 116 Indiana Trust Cos 175 190 Indiana Natl. Bank 258 208 Merchants Natl. Bank 2SO Natl. City Bank 105 110 Security Trust Cos 130 State Savings and Trust..... 91 90 Wash. Bank and Trust C 0... 150 .... TOLEDO SEED PRICES. TOLEDO, Dec. 6.—Cloverseed -Cash, $12.75; December and March, $12.75 asked; January, $12.75; February, $12.85; April, $12.10 bid. Alsike—Cash and December, $19.90 bid; February, $11.10; March, $11.15 hid. Timothy—Cash anil December. $3.15; January, $3.20; February, $3.25; March, $3.30.

GRAIN VALUES SHARPLY LOWER Heavy Receipts, Coupled With Favorable Weather, Factors. CHICAGO, Dee. G.—Heavy receipts, coupled with favorable weather reports and considerable selling by commission bouses, caused grain prices to drop ou the Chicago Board of Trade today!. Provisions were lower. December wheat opened at $1.12%, tp %c and closed off 2%c. May whea* opened unchanged at $1.15% and closed down 2%c. July wheat opened up %c at $1.03% and closed down 2%c. December corn opened off %c at 4Se and closed off l%e. May corn opened up %e at 54%c and closed off 1%0. July eoru opened off %o at 55%c aud closed off %c. December oats opened unchanged at 32 %c and closed off %c. May oats opened unchanged at 3S%c and closed off %e. May oats opened unchanged at 32c aud closed off %c. (By Thomson & Mclxlnnon.) —Dec. 0Wheat—Early foreign news in wheat was of a helpful character, but failed to stimulate new interest In the market. This apathy on the part of the generat trade has been one of the features in the situation for some tithe, which condition, in conjunction with a particularly poor flour trade and no foreign demand of Importance, have made the market sensitive to- the weight of cash wheat as represented by hedging sales already placed. General liquidation appeared under the infiupence of matreial weakness in the cash market at Minneapolis, the only demand there being from elevators for the purpose of delivery on December. There is an idea that Germany has secured credit front some source, as there is a good export business in rye and in corn. Financial necessities compel the purchase of the cheapest food, hence the taking of rye and corn. Cash wheat seems to be neglected in every market, quotations being lowered everywhere today. It may develop in the course of time that importing countries will turn their demand to North America again, but Just at the present there is more wheat in sight than the demand can absorb and this factor Is dominant. It has again been demonstrated that theories relating to the distant future are not permanently operative unless corroborated by material facts. The market is distinctly in need of anew motive if confidence of holder is to be revived. Corn and <ats—Rather free receipts of corn, coupled with weakness in wheat, have been responsible for a little recession in values. The export sales of corn have been liberal, Judging from surface conditions. This market alone has sold at least half a million and we understand tlte demand has appeared in western markets also. Oats have shown better stability jis a reflection of rather substantial character of buying recently. There seems probability of a steady export business in corn, much larger than anything heretofore known. Provisions—Shippers were ngtiin prominent buyer* of hogs. Products were in (■empathy with action of hog market, ft is true there is no breadth of demand in the provision market, but on the other hand offerings tit all times arc small. CHICAGO GRAIN TABLE. —Dee. Ti— WHEAT— Open. High. Low. (’lore. Doc 1.12% 1.12 V, 1.09% 1.09% May.... 1.15% 1.15% 1.12% 1.12% July.... 1.(;3% 1.64% 1.01% 1.01% C( UNDee 48 .48 .46% .46% May 54% .54% .53% .33% July 55% .53% .54% .54% OATS— Dec 32% .52% 52 .52 May 38% 38% .57% .37% July 31) .39% .58% .38% PORK—•■Ian j 15 2') LARD— Jan 8.55 8.69 8.52 8.55 May.... 8.92 8.05 8.90 8.85 runs— Jail 7.40 7 4.7 7.10 7.45 May.... 7.75 7.80 7.75 7.80 RYE Dec 81% ,84% .81 .81 Vi May 20% .90% .87 .88 •Nominal.

CHICAGO CASH GRAIN, CHICAGO. Dec. e.—Wheat—No. 5 hard winter, $1.11%. Corn- No. 2 mixed. 48% ("j49%r; No. 2 white, 49®49%c; No. 2 yellow, 48%<&50c: No. 5 mixed and No. 3 white, 4t%@;4S%e; No. 3 yellow. 47V4€$ 48%c; No. 4 mixed. 47%c; No. 4 white and No. 4 yellow. 47@17%c. <>nt*—No. 2 white, :U%@!35%e; No. 3 white, 32%5)34%c No. 4 white, 31%@32%c. TOLEDO GRAIN PRICKS. TOLEDO. Doe. 6.—Wheat —Cash and December. $1.19%; May, $1.26% Corn — Cash, 56<<i57c. Oats—Cash, .TKCo 10c. ltye —Cash, 81c. Barley—Cash, Clc. PRIMARY MARKETS. (By Thomson A McKinnon.) RECEIPTS. ■—Dee. (/ Wheat Corn Oats St. Joseph ... 13.00.1 24,000 Chlcngo 56.000 670,000 214.000 Milwaukee ... 1.000 54.009 15.000 Minneapolis . 508,000 70.009 80.000 Duluth 179.000 44,009 2.000 St. Louis 58,009 137,000 76,000 Toledo 81,000 25,000 10,000 Detroit 5,000 9,000 14.000 Kansas City.. -362.000 123.009 17.000 Omaha 32.000 111,000 1.8,000 Indianapolis.. JIOOO 101,000 46,000 Totals 1.299.000 1.368.000 492,000 Year ago... 1,302.000 582,000 548,000 SHIPMENTS. Wheat Corn Oats St. Joseph ... 2.000 14.000 Chlcngo ...... 17,000 90.000 82,000 Milwaukee ... 4.000 59,000 27.000 Minneapolis . 103.000 31,000 91,000 Duluth 95,000 St. Louis..... 52,009 81.000 48.000 Toledo 0,000 7,000 0.000 Kansas City.. 144.000 27.00*1 9,000 Omaha 46,000 57.000 18,000 Indianapolis 24,000 10,000 Totals 469,000 596,009 201,009 Year ago... 931.000 249,000 315,000 CLEARANCES. Wheat. Corn Oats New York ... 61.000 429,000 Boston 270,000 Totals .331,000 429,000 Year ago... 773,000 57,000 INDIANAPOLIS CASH GRAIN. —Dec. 6 Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were; Wheat—No sales. Corn—Easier: No. 3 white, 51@52e; No. 4 white, 50@'50%c; No. 3 yellow, 51 %@ 52c; No. 4 yellow, 50@51e: No. 3 mixed, 50@50%c; No. 4 mixed, 48%@40c. Oat*—Easier; No. 2 white, 37@38c; No. .3 white, 3%®36<\ Hav—Steady; No. 1 timothy. $17(3,17 50; No. 2 timoith.v, $16.50® 17; No. 1 light clover mixed, $10@)10.50; No. 1 clover, sl9 @2O. —lnspectioi s—• Wheat—No. 3 dark northern spring, 2 cars; sample, 1 car; total, 3 ears. Corn —No. 1 white, 1 car; No. 3 white, 2 cars; No. 4 white, 6 ears; No. 5 white, 4 cars; No. 6 white, 1 car; No. 1 yellow, 2 cars; No. 4 yellow, 18 ears; No. 5 yellow, 16 enrs; No. 6 yellow, 7 cars; No. 3 mixed, 2 ears; No. 4 mixed. 6 ears: No. 5 mixed, 2 cars; ear, 2 cars; total, 69 ca rls. Oats—No. 2 white, 2 ears; No. 3 white, 5 ears; No. 4 white, 2 cars; total, 0 cars. Kya—Sample, 1 car. Hay—No. 2 timothy, 1 car. HAY MARKET. The following are the Indianapo'is prices for hay by the wagon load, delivered : Hay—Loose timothy, $16@17; mixed hay, sls©)to; baled hay, sl6<gil7. Oats—Bushel, new, per bushel, 32@35c. Cora —Old, per bushel, 55@60c. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying sl.lß for No. 1 red winter wheat; $1.16 for No. 2 red wi ter wheat and according tc test for No. 3. Oafs are quoted at 25c for No. 3 white or better. CHICAGO PRODUCE. CHICAGO, Dee. 6.—Butter —Receipts, 10,800; creamery extras, 43c; firsts, 35@ 41c; packing stock, 23@25e. Eggs—Receipts, 5,900; current receipts, 52@54c; checks, 28@30c: dirties, 30@32c. Cheese— Twins, new, 19c; Daisies, lS%@lß%c; Young Americas, 19%c; longhorns, 19%c; bricks, 16%c. Live poultry—Turkeys, 32c; chickens, 19c; springs. 22c: roosters, 15c; geese, 24c; 23c. Potatoes — Receipts, 88 cars; Wisconsin round whites, [email protected]; Micliigans, [email protected]; Minnesotas, [email protected]; Red Rivers, $1.50 @I.OO per bag.

SWINE PRICES HOLD STEADY Packers Display Better Demand for All Grades Cattle. RANGE OF HOG PRICES. Good Good Good Nov. Mixed. Heavy. Light. 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 Deo. 1. 6.85® 7.00 6.75 7.15® 7.25 2. 7:10® 7.25 7.00 7.25® 7.50 7. 7.00® 7.10 7.00 7.25® 7.40 6. 7.25® 7.40 7.15 7.40® 7.50 C. 7.15® 7.40 7.15 7.35® 7.50 With the demand fair and receipts close to 9,009, swine prices ruled steady generally in trade on the local livestock market today. Local packers established the market, but trade was a long time getting under way due to the uncertainty of the early trend of other markets and due also to the unwillingness of commission men to sell their consignments at even steady prices. Efforts were made early in the forenoon by the packers to purchase swino at lower prices, but the commission men would not yield. After the start, trade was active and a fair clearance for the day was anticipated. The bulk of the sales ranged at $7.10@ 7.33. Trade in cattle was some better than on the market of the previous day. Receipts were he same and the quality but little We ter than on the previous day, but local packers and other buyers were more disposed to buy than previously. Prices generally were steady to strong, hut there were spots that were higher. Some of the packers stated that good cows were selling at prices that were all the way from 25 to 73 cents higher than the prices of the same grades Friday of la3t week. Steers were steady generally, as were heifers. Bulls, however, showed tnoro strong stops than any other grade of cattle, being in good demand and the namlter of that grade of cattle being small. The demand for stoekers aud feeders was about the same as it. has been for (he past two weeks and there were no changes lit prices. Due to a weakening in eastern markets, veal prices were 30 cents lower generally Choice veals brought a top of $11.3b, while the bulk of that grade sold at $10.50@11. Receipts for the day approximated 300. With receipts of sheep and lambs close to 300, prices were steady. lIOGS. Best light hogs, 150 to 180 . lbs average $ 7.33(it. 7.00 Over 300 lbs t.OC 150 to 300 lbs 7.00® 7.59 Sows 5.50® 0.25 Stags 4.50® 6.00 Best pigs, under 140 lbs 7 50® 8.00 Top 7.60 Bulk of sales 7.15@ 7.30 CATTLE. Trime corn fed steers, 1,300 to 1,800 lbs f.3o@ 7.75 Good to choice steers, 1,209 to 1,300 lbs O.CCO 0.75 Good to choice steers, 1,100 to 1,200 lbs fct’OS 0.00 Good to choice steer*, 1,000 to 1,100 lbs 4.25@J 5.25 Common to medium steers, 800 to 1,000 lbs 4.00(@ 4.50 Choice yearling steers 7.50® 9.00 —lleifer* and Cows— Good to choice heifers O.OG@ 7.23 Medium heifers 4.00®t 5.00 Common to medium heifer*.- 3.25® 4.00 Good to choice cows 3.50® 5.50 l-'alr to medium cows I.oo® 2.50 Cutters 1.50® 2.25 Gunners 73@ 1.30 —Bulls— Good to rhoiee butcher bull*. 3.23® 4.25 Bologua Bulls 3.06(tt 3.25 Light bologna bulls 2 25® 2.75 Light to common bulls 2.00® 2.5 J —Calves— Choice veals 10.00® 11.00 Good veals 9.00® 10.00 Medium veals 7.00® 9.00 Lightweight veals 5.00® 7.00 Common heavyweight veals.. 4,00® 0.0) .. —Btochers uitd 1-eeder.;— Good to choice steers, under 800 lbs 4.50® 5.50 Medium cows 2 00® 3.00 Good cows a no® 4.00 Good heifers 5.00® 7.00 Medium to good heifers 4.tto(u 5.00 Milker* 37.00(ii73.09 —Sheep and Lambs— Ewes U00<? 2.50 Bucks 7.50® 2.00 Choice ewes and wether lambs 7.50?i 9.75 Seconds 5.00® 09M Buck lambs o.OO^fO.Sn Culls 3.00® (mo

Other Livestock

CHICAGO, Dec. 6.—Hogs—Receipts, 37.000; jnnrkot fairly active -ind 5625 c higher; built of sales, $G.75@7; t<>!\ $1.75; heavies, $6.75(0,6.9); mediums, so.So<@7; lights. [email protected]; light lights, $7(@7.25; heaiy packing sows, smooth, $6<@0.60; packing sows, rough, $5.75(<i615; pigs, $0.90(@7.25. Cattle—Receipts, 13,000; market slow ami steady; beef steers, choice and prime, $9.25®!11; medium and good, $0.15(0.9.75; good and eliwiee. $8.85(@11; common and medium. [email protected]; Lutcher cattle, heifers, $3.00<@8.75; cows, $3.55@ 0.25; bulls. $.’!.15((j0; canners and cutters, cows ami heifers, $2.4()(@3.55; calmer steers. $2.75(0 6.75; veals, [email protected]; feeder steers. [email protected]; stacker steers, $3.75 (@0.46; stocker cows ami heifers. SSMS(tJS. Sheep anti lambs—Receipts, 19,000; market generally strong to 25c higher; choice lambs, $9.75®: 11; cull and common lambs, $7®)7.50; yearling wethers, $6.50(&9.50; ewes. [email protected]: feeder lambs, $8.25®9.50. CLEVELAND, Dee. 6. Hogs—Receipts, 2,000: market, 10 to 25 cents higher; yorkers, $8; mixed, $7.50; mediums, $7.50; mediums. $7.50: pigs, $8; roughs, $6; stage, $4. Cuttle—Receipts, 200; market, steady. Sheep anti lambs—Receipts, 1,000; market, 25 to 50 cents higher; top, $11.50. Calves— Receipts, 2,000; market, 50 ccut3 higher; top, sl2. EAST BUFFALO, Dec. 6.—Hogs—Receipts, 3,200; market, active; yorkers, $7.75 (@8.10; pigs. $8®8.23; mixed, $7.75® 8; heavies, $7.75®8; heavies, $7.25® 7.50; roughs, $5.50; stags, $1®4.50. Cattle— Iteeeipts, less than 100; market, slow. Calves—Receipts, 250; market, active; cull to choice, S.Vo 12.50. Sheep and lambs— Receipts, 800; market, active; choice lambs, $11.50®,12: cull to fair. $7.25@11; yearlings, $6®9.25; sheep, s2®o. CINCINNATI, Dec. 6—. Hogs—Receipts,s—Receipts, 5,000; market steady to 25e higher; heavies and mixed, $7.50; mediums, $7.50 ®i7.75; lights, $7.75: pigs, $8: stags, $4.75. Cattle—Receipts, 300; market, strong: bulls steady; calves, $11.50. Sheep aud lambs—Receipts, 3(>0; market, strong; ewes, $1®3.50; bucks. [email protected]: choice lambs, $11; seconds, S7.SO@S; culls, $4.30 @5.50. EAST ST. LOUIS. 111.. Dec. B.—Hogs— Receipts, 14,000; market. s@loe lower; mixed and butchers, [email protected]; good heavies. $7%7.05; roughs. [email protected]; lights, [email protected]; pigs, [email protected]; bulk of sales. $7®17.10. Cattle—Receipts, 5,500; market steady; native beef steers, [email protected]; yearling steers and heifers, sß@9; cow’s, $3 <B!3; stoekers and feeders. s3® 5; calves, $4 @9; canners and cutters, s2@3. Sheep and lambs—Receipts, 2,000; market steady; mutton ewes, [email protected]; choice lambs. [email protected]; canners and choppers, $1 @2.50. PITTSBURGH, Dec. K.—Hogs—Receipts, 1,000; market steady; prime heavies, [email protected](>; mediums, $7.85(07.96; heavy yorkers, $7.90(0:8; light yorkers, $7.90@8; roughs, ss.so@T>; stags, [email protected]; heavy mixed, [email protected]. Cattle —Receipts less, than 100; market steady. Calves—Receipts light; market steady; veal calves, $12.50; heavy and thin calves, $4.50®8.50. Sheep and lambs—Receipts, 250; market steady; prime wethers, $5.00 @6; good mixed, [email protected]; fair mixed, [email protected]; colls and common, sl@2; choice lambs, $11.25. CLEVELAND PRODUCE. CLEVELAND. Dec. 6.—Butter—Extra, in tubs, 51%.@!52c; prints, 52%@53c; extra firsts, r>o'4@slc; firsts, 49%@!50c: seconds, 41Vi@42c: packing stock, 28(@29c. Eggs—Fresh gathered, northern extras, 01c; extra firsts. 60c: Ohio firsts, new cases, 57c; old cases, 50c; western firsts, new cases. 54c. Poultry—Live, heavy fowls, 24<®25c; light. lC@lSe; spring culls, 17@20e: spring ducks, 25@27c; turkeys, 3S@39c. 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. Loins— No. 2,28 c; No. 3,23 c. Round—No. 2, 15c; No. 8,12 c. Chucks —No. 2,10 c; No. 3,9 c. Plates—No. 2,9 c; No. 3, Sc,

' Weather

The following table shows the state of the weather at l a. tM. Dee. 6, as observed by U. 8. Weather js*/eaus; .Station Bar. Temp. Weather Indianapolis, Ind... 30. US 31 Clear Atlanta. Ga 30.10 38 Clear Amarillo. Tex. 30.2 C 32 I’tCldy Bismarck, N. D. .. 30.16 26 Clear Boston, Mass 29.50 34 Cloudy Chicago, 111 29.92 34 Clear Cincinnati, 0 30.10 32 Cloudy Cleveland, 0 29.96 32 Snow Denver. Colo 30.08 32 Clear Dodge City, Kas. .. 30.1$ 22 Clear Helena, Mont 30.36 26 Cloudy Jacksonville, Fla... 30.18 42 PtCldy Kansas City, M 0.... 30.08 33 Clear Louisville, Ky 30.14 . 34 Clear Little Rock, Ark.... 30.24 40 PtCldy I,os Angeles, Cal.. . 29.96 58 Clear Mobile, Ala 30.24 42 Clear New Orleans, La.... 30.26 48 PtCldy New York, N. Y.... 29.74 32 (’tear Norfolk, Va 29.93 34 Clear Oklahoma City .... 30.18 38 Cloudy Omaha, Neb 29.98 31 Clear Philadelphia, Pa. ..29.82 36 Clear Pittsburgh, I’a. ... 30.00 39 Cloudy Portland, Ore 30.22 44 Cloudy Rapid City, S. D. .. 30.12 32 Clear Roseburg, Ore 30.22 40 Cloudy San Antonio, Tex.. 30.22 50 Cloudy San Francisco, Cal.. 30.10 46 Clear St. Louis, Mo 30.06 40 Cloudy St. Paul, Minn 29.9(1 26 Clear Tampa, Fla 30.20 00 Clear Washington, D. C.. 29.94 36 PtCldy WEATHER CONDITIONS. Except for some light precipitation In tlte l.akcs region and Ohio A'alley, tlte weather throughout the country l as been generally fair since Monday morning; and the temperature changes have not been decided over large areas In any section, except In Alberta and Saskatchewan, where colder weather prevails, and In the upper Missouri Valley, where it is warmer. At 7 p. m. Monday n light snow cover, ranging from a trace to 3 Inches, extended from North Dakota In a narrow belt southward to the middle Alleghenies, while depths of from 2 to 11 Inches nre reported in the middle and northern Rocky Mountain States. —White River Conditions. — At 7 a. m. today ctages in M'hSte River were as follows; Decker, 13.5, rising. I slow additional rise to 19 or 20 feet is probable during the next 38 hours. —lndiana Highways.— Highways improved slightly during the week. Stone, paved and macadam rods continue in good < -ndltlon. Surfaces of dirt roads are soft, and where ungraded nre rough and muddy. Stretches of highway at points along the Ohio River are under water and impassable. J. H. ARMINGTON. Meteorologist, AVeatlier Bureau. CONFERENCE SPURNS TERM OF ‘ALLIANCE* (Continued From l*nge One.) by one or more of the ngeneies proposed. It has been suggested and the American delegation is now considering: 1. A treaty governing the limitation of naval armament, to which the five Itig powers, America, Great Britain, France, Japan and Italy, would be signatory. 2. A treaty concerning China, based on the four principles which were written by Elihu Root, and to which all the nine powers here. Including China herself, would be signatory. 3. A treaty between United States nud Japan, concerning the Island of Yap alone. 4. A treaty between Japan and China concerning Shantung alone. 5. A treaty, or the simultaneous publication of declarations of principles governing the Pacific by the United Btate3, Great Britain and Jnpnn. Nothing definite lias been decided upon, it was stated. The euggestijus have been considered by the American delegation ia a purely tentative way, and they also have been placed before the foreign delegations for consideration in the same way. TENTATIVE DRAFTS CABLED ABROAD. There is reason to believe that these tentative suggestions iu some instances have been cabled abroad for the consideration of home governments iu the shape of tentative drafts. It was emphasized that the United States will not enter into any pact designed ns a substitute for the AngloJapanese alliance. As for the alliance itself, it is the confident belief of American officials that this pact will fall of its own weight after the conclusion of the Washington conference. Meanwhile (he conference still hung fire, aside from the private negotiations between Japan and China, concerning Sbangtung. All other activities were suspended out of consideration for the President delivering his nrnunl message at the regular opening of Congress. The Japanese delegation still awaits final word from Toklo regarding the naval ratio program and it is noT Tlkely that Baron Kato will be in a position to speak until the last of this week, at the earliest.

SENATORS DISQUIETED BY ARTICLE 10, REPORT WASHINGTON, Dec. 6.—Disquieted by fears that article 10 of the League of Nations covenant will be included in a new form iu the proposed four-power agreement designed to supplant the An-glo-Jnpanese alliance, a number of Senators. today were .vainly seeking official information concerning the proposed understanding. Intimations that the new agreemfct will include definite guarantees of the territorial integrity of China are the cause of senatorial disquietude. It was article 10’s guarantee of territorial integrity against external aggression, with its binding obligation to use force in maintaining the guarantee that led the Senate to reject it. If the United States joins in guaranteeing China’s territorial integrity and political independence then anew understanding would be more likely to lead to war than insure pence, some Senators declared. Borah, Reed and others will fight any such proposal. Jilted Lover Kills Girl and Himself DETROIT, Dec. 6.—Crazed with jealousy because bis 19-year-old sweetheart, Edith Barker, had become engaged to nnother mun, George Butler, 33, a butcher at Walter Reed Hospital today hacked her to death with a pocket knife and then took his own life by cutting his throat. The police are seeking the dead girl's fiance. lIOG CROP REDUCED. QUITMAN, Ga., Dee o.—The hog crop of Brooks County was reduced by one carload when a stroke of lightning killed seventy Poland China hogs while the animals were under a tree. The loss was S2OO. R. C. Mclntosh was the owner. / APPROVES BON’D ISSUE. The State board of tax commisioners today approved an issue of $125,000 in refunding bonds by the school city of Gary.

Money to Loan oo Mortgages STATE LIFE INSURANCE CO. I BUY GREAT SOUTHERN PRODUC- NEWTON anding & REFINING STOCK Tnnn SELL See Curb Market 415 LEMCKE I3LDQ, \3W

DECLARE JAP RULE CAUSED CHINESE SPLIT Republic of South China Opposes Peace Under Alien Control. NEGOTIATIONS USELESS SHANGHAI, Dec. o.—The Republic of South China, which is at war against tin: Pekin government, will refuse to eater into peace for the unification of China because of the allegation that the northern government is under domination of Japan, it was announced today by Dr. Sun Vat Sen, President of the southern government. The South China government Is* massing troops for anew campaign against the armies of the north. Dr. Sun Yat Sen, who is in the Held at the head of his army, was notified that reports were current in Washington that a peace parley between South an( North China wag imminent. The southern President dictated the following dispatch while en route to Hankow; PEACE PARLEY HELD USELESS. “Any peace conference between the North and South in the interests of unity in China is Impossible and would be resultless with the Japanized, inefficient Pekin government as a party to it. “The first condition for unification of China is the downfall of the Pekin administration, for unity can be secured only through national government based on the consent of the governed. “This might be effected by the powers withdrawing their recognition of the Pekin government. Or it might be effected by the conquest of Pekin by mill*, vary force. “Withdrawal of recognition of Pekin by the powers would unify China without further bloodshed. The Southwest provinces already acknowledge the sovereignty of the Cantonese government (Southern republic) ana the other prov-i inces soon would follow. The only alternative Is a continuation of the war. “The Northern expedition (an expedi* i ti°n sent north by the Southern govern* ment) now massing forces for a gigantic struggle against Pekin—a struggle imposed by the diplomacy of the powers In China.”—Copyright, 1921, by International News Service. NORTH WILL RESIST ATTACK SHANGHAI, Dec. 6. —Defensive plans against Dr. Sun Yat Sen’s much heralded i campaign against “Japanized Pekin” are being made by General Wu Pei Fu and other leaders of the Northern forces. It is reliably reported that Wu Pei Fu | has informed t{ie Pekin government that I he had enough troops in the Yangtsze j Valley to confront Sun’s invaders, with !"n assured prospect of success. The • troops, either under hl3 direct command or under men directly responsible to him, number one hundred thousand, about half of these being seasoned veter ans of three victorious campaigns. In addition there are some fifty thousand troops in the Yangtsze provinces commanded by Northern Tuchuns not dircct- : ly responsible to Wu. j What General Wu njeds, however, is : money and it is understood he has informed Pekin that $30,000,000 will be necessary to equip, feed, pay aud maintain a defensive array of one hundred ! thousand against the South. Where the j money is to come from no one, the -cenItral government least of all, knows. It ! is, therefore, considered probable Wu’s ; army will face and fight the South with- | out the funds that its commander re- , quires. ; No attempt, it is stated, will be made i by General Wu to carry on an aggressive | campaign against the army of Dr. Sun. i Wu will confine himself purely to an un- ! aggressive defense. According to Wu, the irreconcilable attitude of Dr. Sun Yet Sen has largely | been responsible for the recent fighting j in some many quarters in China and Dr. Sun’s uncompromising attitude has been | the cause of the failure of all attempts : at reunion of divided China. ! Wu declares he will do everything in j bis power to crush and crumble and supi press Dr. Sun Yat Sen and his forces. FIREBUG’S JOB IS RISKY ONE Record Shows 90 Per Cent Are Convicted. Clipping the wings of the firebugs In Indiana has resulted in the conviction of nine out of every ten persons tried for arson in the Hoosier State for tha last five years. Records compiled at the office of Newman T. Miller, State fire marshal, and announced today show that during this five-year period sixty-eight persons were convicted of arson out of seventyfour tried on that charge. This record has placed Indiana at the head of States in nrson prosecution. State Fire Marshal Miller attributes the record to the cooperation of public officials in all parts of the State. Three classes of firebugs operated in Indiana, acbordiug to Mr. Miller. “The first and largest group are persons iu business who apply the torch to collect insurance, particularly when they face failure,” he said. “The second group are those who fire buildings for revenge and the third type are the persons who use fire to cover up crime. "Indiana is fast becoming an ‘arsonless’ State. “In 1915 the number of incendiary fires in the State reached ISB, with an attend-. ing loss of $257,184, while last year the number dropped to 75, with a $134,599 loss even with high property valuations in effect In 1920.” Good Investments. JLI In 4551. £ J? W e Own. Offer / / and Recommend \ \ / / Indianapolis \ \ V / Abattoir Cos. \ \ L ( 71/2% Ten- j I Year Notes Price—Par iy/ Yield 71/2% aSP/ 2d Floor Fletcher American Bank Bid*., Indianapolis.