Indianapolis Times, Volume 34, Number 182, Indianapolis, Marion County, 10 December 1921 — Page 13

STOCK DEALS MOVE WITHIN i NARROW RANGE Specialties Most Active and New Price Levels Are Established. COPPERS IN NEW HIGH Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Dec. 10.—During most of the session, stocks moved within a narrow range on limited transactions with the general undertone, however, dull and firm. Activity was confined chiefly to the specialties, some of which were quite strong with the result that new high levels were established. Among the stocks thus favored were Corn Products, Butterick, Coca Cola and Jones Tea. The advance in each case was brought about by gossip setting forth certain specifically favorable conditions affecting the position of the various concerns. Weakness developed in the Columbia Phonograph Company stocks as a result of the receivership of the Pathe Company. The tone of the market changed considerably for the better along in the late afternoon, under the leadership of the coppers. New high levels for the year were established by Cerro de Pasco, Anaconda and Utah. The improving outlook Ju the copper industry furnished the incentive for the buying. The metal sold at 14 cents, anew high price for the year, and there is no lack of predictions of a further advance. Another favorable Item was supplied by the announcement that the Lackawanna Railroad is considering the electrification of part of its system and that the program would call for more than $.’1,000,000 worth of metal. Steel stocks showed more activity, with the shares of the independent companies displaying Increased activity. Midvale. Lackawanna and Bethlehem B. advanced a point or more. The street takes the position that not only is a merger of the Independent companies probable, but almost imperative on account of the necessity of getting costs down in order to compete with the leading unit in the industry. Ralls were sluggish with the exception of New Haven and the St. Paul Issues the improvement evidently being largely the result of short covering.— Copyright, 1021, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. After fluctuating aimlessly for the greater part of the day the general market turned very strong in the last hour and closed at about the best prices of the day. One or two specialties were the leaders of this advance, first honors being accorded Corn Products Refining. There was no news to account for the buying in this issue, but a very powerful speculative group is behind the movement. Coca-Cola was one of the low priced features. On targe transactions the quotations crossed 40, the highest price in many months. It is reported the company has paid off $13,000,000 in bank loans and has actually worked oft at a profit. 100,000,000 pounds of sugar which cost between 16 and 22 cents. This result was due to raising the price of syrup to an unprecedented level. The stock has been held largely in the South and a considerable accumulation for New York account is reported to have taken place in recent weeks. Associated Dry Goods, which has been firm in recent sessions, was bought actively. The buying was attributed to reports of a considerable increase in department store sales for the holiday season over that of a year ago. Announcement that a receiver had been appointed for the Pathe Frere Phonograph Company brought extensive liquidation into the stock of the Columbia Phonograph Company. The recent advance in American Sumatra was engineered at the expense of the short ,-iterest,. and this suppoit being removed the stock declined in the face of strength in other parts of the list. The situation of this company is too well known to need repetition and until a decision is reached on the question of disposing of the General Cigars interests, traders will remain bearish ou the stock. After the first burst of buying enthusiasm in New Haven following the unofficial announcement of plans for increasing the revenues of that road, the stock declined a point or more and became dull. Some traders took this as an indication the report was without foundation and sold the stock short. When they attempted to cover their contracts there was a paucity of offerings, and buying for long account also was in evidence. It recovered in the session all that it had lost in a week of selling. Both wholesale and retail dry goods dealers have reported a steadily increasing demand for piece goods. This in turn has led to larger sales of dress patterns and recognition of this situation has induced considerable buying of Butterick stock. The directors will meet the latter part of this month and it is anticipated the stock will be placed upon either a 3 or 4 per cent annual basis. On very limited transactions Gulf States Steel advanced more than three points. This stock has been under accumulation by a speculative pool, and the advance was due to reports emanating from this source of good news to come in connection with a merger of the independent steel companies. A petition was circulated on the New York Stock Exchange for a holiday on the Saturdays preceding Christmas’ and New Year’s. The petition was signed by 276 members. Jones Brothers Tea advanced to anew high price for the present move on buying whjeh gossip connected with the organization of anew speculative pool. There was no specific news development affecting the stock directly.—Copyright. 1921, by Public Ledger Company.

In the Cotton Market

NEW YORK, Dee. 10.—Cotton opened ste-dy today at advances of 3 to 10 points. The market was influenced by bullish week-end figures, followed by larger spot sales and increased drygoods business. At the end of the first fifteen minutes the market was about 12 points net higher on the distant months. New Y'ork opening cotton—December, 17.90 c: January. 17 75c; March. 17.69 c; May. 17.49-': July, 17.04 c; October. 16 43c. The market was steady in the late dealings, closing at new gains of 3 to 11 points. —Cotton Futures— Open. High. Low. Close. January 17.75 17.80 17.62 17.70 March 17.68 17.78 17.62 17.70 May 17.49 17.60 17.45 17.50 July 17.04 17.15 17.00 17.00 October 16.43 16.48 16 43 16.42 December 17.90 17 95 17.80 17.91 —Cotton Review— NEW Y’ORK. Dec. 10. —The cotton market, though not unusually active today, was a reasonably good one, with a demand for contracts that appeared to come from trade sources, locally as well as foreign. There is nothing in trade reports or statistics to substantiate the claims of poor trade. On the contrary, the takings by spinners Is sufficiently large in comparison with last year to suggest very satisfactory trade conditions, and the reports from dry goods centers shows a substantial volume of business is being done right along. But tne market has recently been influenced unfavorably by crop estimates that were disappointingly large, to some, and naturally has caused a slowing down in market operations. The matter of the size of the crop will be finally disposed of In the coming government report. and the trade should be governed entirely by trade conditions until such time as the new crop preparations become a factor. As we anticipate improving business, we continue to recommend the long side, but confine purchases to days of weak market*.

N. Y. Stock Exchange

(By Thomson & McKinnon.U —Dec. 10— Prev. High. Low. Close, close. Allied Chemical 56% 56% 56% 56 Ajax Rubber... 20% 20 20 Y 0 Allis-Chalmers.. 38 37% 38 38 Am. Agri 30% 30% 30% 31% Am. Beet S 28% 28 28 29 Am. B. Mag. Cos. 33% 32% 32% 34% Am. Car A F....147 146% 147 146 Am. Can 32% 32% 32% 32% A. H. AL. com. 13% 13 13% 12% A. H. AL. pfd. 57% 57% 07% 56% Am. In. Cor 41% 40% 41% 40% Am. Linsed ... 31 51 31 30% A. Locomotive 100% 19% 99% 99% Am. Smelt. AR. 46% 46 46% 45% Am. Sugar Ref. 54% 54 54 % 54% A. Suma. T. Cos. 31% 30% 31% 30% Am. Steel F. .. 34% 34 34 34% Am. Tel. A Tel. 116% 115% 116 116 Am. Tobacco ..134% 134% 134 133% Am. Woolen 82% 81V* 81% 80% Anaconda M. C. 49% 48% 49 48% Atchison 90 89% 90 89% A. G. A W. 1... 31% 31% 31% 31% Bald. Loco 96 94 % 95% 94% B. A 0 36 36 36 30% Beth. Steel (B). 58% 37% 58% 58 Cali. Pete 44 43% 44 43 Can. Pac. Fy...120% 120% 120% 120% Central L 30% 30% 30% 30% CUand. Motors.. 48% 47% 47% 47 C. A 0 36% 56Vs 56% 56 C. M. A St. Paul 30% 20 20 20 CM A SP. pfd. 33% 32% 33% 33% Chicago AN. . 68% 67 67 67% C. R. 1. A Pac. 32% 31% 32 32 CRIA P 6%pfd 71% 71% 71% 71% C R IAP 7% pfd. 84 83% 84 84 Chili Copper ... 13% 12% 13% 12% Chino Copper .. 28% 27% 28 27% Coca Cola 41% 40% 41 40% Col. Gas 65% 04% 65% 64% Cosden Oil 34% 34 34% 34% Corn Prod 94% 93% 93% 94% Crucible Steel .. 66 04% 64% 64% Cuban Am. 5ug.,13% 13% 13% Cuban Cane Sug. 7% 7% 7% 7% Del. A Hud 107 107 107 106 Del. Lack 111% 11114 111% 110% Erie 11% 11 11 11 Endieott 78% 77% 78% 78% Famous Plys... 75% 74 74% 73 .g Gen. Asphalt ... 67% 66% 67 65% Gen. Cigars ... 69% 69% 09% Gen. Electric ..138 137 138 136% Gen. Motors ... 11 10% 10% 11 Goodrich 35% 35% 35% 34% Gt. Noth. pfd... 76 73% 75% *.>% Gt. North. Ore. 31% 31% 31% 31% Houston Oil ... 79% 78 79% 78 Has. Baker .... 61 81 81 81% Illinois Central. 98% 98% 98% 97% In. Copper .... 40 39V* 40 39% In. Oil 12 11% 12 11% Indlahoma 4% 4% 4% 4% Inter. Harvester 83% 83 83% 82 inter. Nickel .. 12 11% 11% 11% inter. Paper ... 53% 52% 52% 52% Kansas C. S. ... 23% 23% 23% 23% K. Spring Tire 43 41% 41% 42% Ken. Copper .27 26 % 27 26% Lack. Steel ... 47 46 46% 46% Lehigh Valley.. 59% 59 59 59 Lee Tire 29% 29% 29% 28% Loews. Inc 14% 14% 14% 14% Loft Candy 10% 10% 10% 9% Marine com. .. 15% 15% 15-% 15% Jisrine pfd 06 64 % 66 64% May Stores .... 99 98% 99 98 Mont.-Ward 13% 13 1.3% 12% Maryland Oil.. 26V* 26 26 26 Mexican Pet.... 115% 112% 115% 11.3% Miami Cop 27 26% 27 26% Middle States O. 14% 14>.. 14% 14% Midvale Steel... 29% 28% 28% 29% Missouri Ta 18V* 18% 18% 18% Missouri Pa. p. 46% 4040 46% Nat. E. A 1...’... 42% 42 42 National Lead. 85% 85% 85% .... Nev. Con Cop. 15 14% 15 14% N Y. Central... 74 78 % 74 73% New Haven ... 14% 13% 13% 13% N. A W 97% 97% 97 % 97% North. Pac 801* 79% 79% 80 Pac. Oil 46 45% 45% 45% Pure Oil 38% 38 38% 38% Pan. Am. Pet. . 52% 51% 52% 51% Penna. lly 33% 3.3% 33% 33% People's Gas 56% 66 56 56 Pierce-Arrow. 14% 14% 14V. 14% Pierce Oil I.3V* 12% 12% 12% Pitts. Coal 05% 65 05% 64% Prsd. Steel Car. 66 66 66 60 Pullman Car... 109 108 li'B% 108 Ray Copper 15 14% la 14% Reading 71% 71% 71% 71% Rep. Iron A Stl. 53% 53% 63% 53% Rep. Steel 26 26 26 ‘ 20% Royal Dutch ... 50% . 49% 50% 49% Sears-Roebuck .57 50% 66% 50% Sinclair 22 21L> 22 0J74 Sls-Shf. S. A 1.. 38% 38" 38i.i 39% So. Pacific 79% 79% 79% 79 : C South. Ry 18% 18% 18% 18% Stn. Oil, N. J.. .186% 186 186% 180 Stnd. Oil, Cal... 90% 90 90% Strom. Carb 82% 32 s * 32% 32 Studebaker 80% 79% 79% 79% Tex. Coal A Oil 29% 28% 28% 28% Texas Cos 47% 46% 47 46% Texas A Pacific 23% 23% 23% 23% Tob. Products... 59% 49% 59% 59% Trans Oil 10% 10% 10% 10% Union Oil 20 19V* 20 19% Union Pacific.. .127% 127 137% 126% Unt. Ret. Stores 53 52 52 U. S. F. P. Corp. 10 10 10 10 U. Fruit Cos 126 125 126 124 United Drug,... 69% 69% 69% 69 U. S. Indus. Alco 38% 37% 38% 39 U. S. Rubber 54 53% 53% 53% U. S. Steel 83% 8.3% 8.3% 83% U. S. Steel pfd..113 113 113 113 Utah Copper 65 63% 64% 62% Van. Steel 32% 32% 32% 32% Wabash 6% 6% 6% 6% V. Ist. pfd.. 20% 20% 20% 20% White Oil 12 11% 11% 11% West. Union.... 92% 91% 92% 92 West. Electric... 49% 49% 49% 49% W-Overland ... 5% 5% 5% 5% Wilson A Cos 29 29 29 29 Worth. Pump... 43% 43% 43% 4.3% West. Pacific.... 17% 17% 17% 17% NEW YORK LIBERTY BONDS. —Dec. 10— Prev. High. Low. Close, close. Liberty 3%s .... 95.66 95.16 95.16 95.70 Liberty 2nd 4s 96.78 97.00 Liberty Ist 4%# 97 30 97.16 97.26 97.36 Liberty 2nd 4%s 97.00 96.82 96.60 97 06 Liberty 3rd 4%s 97.62 97.50 97.60 97.62 Liberty 4th 4%s 97.30 97.12 97,20 97.36 Victory 3%s 100.00 99 96 lon.no 99.93 Victory 4%s 100.00 99.98 100.00 99 98 CHICAGO STOCKS. (By Thomson A McKinnon.) —Dec. 10.— Open High Low Close Armour pfd 94% Carbide and Car. 45 45 44% 44% Libby 6 6% 6 6% Mont.-Ward .... 1.3 13 12% 12% Nat. Leather.... 2% 2% 2% 2% Piggly Wiggly .22 22% 22 22% Reo Motors 19 19% 19 19% Swift ACo 98 98 97% 98 Swift Int 21 22 21 22 NEW YORK SUGARS. NEW YORK. Dec. 10.—There was a fair demand for raw sugars in trade on the market here today, Porto Ricos sold at 3.875 c per pound. Refined sutrar was rather dull, both fine granulated and No. 1 soft selling at 5.20 c per pound. NEW YORK COKFEE. NEW YORK, Dec. 10.—Coffee values were steady in trade on the market here today, opening options being unchanged to 10 points higher. Rio No. 7 on spot sold at 9%c per pound. NEW YORK RICE. NEW YORK, Dec. 10—Trade in rice was steady in the exchange here today, domestic selling at 3%@7%c per pound. NEW YORK TURPENTINE. NEW YORK. Dec. 10.—Turpentine sold at 81c on the market here today. INDIANAPOLIS PROBICE. Butter —Local dealers are paying 41® 42c per lb. for butter delivered in Indianapolis Eggs—Loss off, s(>@s3c. Butter —Packing slock. 19@20c. Poultry—Fowls, UP?} 22c: springs. 18@19c; cocks. 10@12c: stags. 12® 13c; young hen turkeys, 8 lbs. and up 30@35c; young tom turkeys, 12 lbs. and up. 30®35c: old tom turkeys, 27 ®3oc: cull thin turke.v9 not wanted: ducks, 4 lbs. and up, 16@18c: spring ducks. 3 lbs. and up, 17c: geese. 10 lbs and up. 15c; rabbits, drawn, per dozen, $1.50: squabs. 11 lbs. to dozen. $5: young guineas. 2-lb. size, per dozen. s7@B; old guineas, per dozen $5. Butterfat —Local dealers are paying 42c per pound for all butterfat delivered in Indianapolis. CHICAGO PRODUCE. CHICAGO, Dec. 10.—Butter—Racaipts, 6.095 tubs; creamery extras, 45c; firsts, 35® 43c ; packing stock, 23®25c. Eggs Receipts. 4.200 cares; current receipts. 50 (a s2c; ordinary firsts, 46(<i48c; firsts. 53® 54c: checks, 28®30e: dirties. 30@32e. Cheese —Twins, new, 19%<’: daisies, 19® 19%c; young Americas, 20c; longhorns. 20c; bricks, 17@’8c. Live poultry—Turkeys, 37c: chickens. 18c: springs, 20c; roosters. 15c; geese. 20c: ducks, 25c. Potatoes —Receipts, .38 cars; Wisconsins. $1.65®1.75 per hag; Mkhigans, $2; Idaho's, [email protected],

RAIL ISSUES VERY QUIET Volume of Business in Stocks on Small Scale. NEW. YORK, Dec. 10.—The stock market closed irregular today. Transactions were on a small scale. The oil issues were in demand, Mexican Petroleum moving up ti 115 and Royal Dutch to 50%, while Texas Company sold at 47. Utah Copper reacted from 65 to 64% and Baldwin Locomotive eased off from 96 to 95%. United States Steel receded fractionally to 83%. There was little doing in the railroad Total sales of stocks for the day were 471,000 shares and for the week 4,302,000 shares. Total bonds sales for tha day were $9,181,000 and for the week, $97,138,000. (By Thomson A McKinnon.) —Dec. 10— We have had another strong market with a continued demand for stocks at higher prices, which confirms a view we experienced in a previous letter this week, that instead of having a material reaction here, those who sold out their stocks in anticipation thereof, would likely be disappointed and repurchase these stocks at the market, and thus inaugurate another upward movement and force shorts to pay penalty. If we may judge from the views expressed locally, there is a failure to comprehend the Influences under the market. The advance in the stock market since the first of September, which has been continuous, though a little irregular at times, is the result of two great fundamentals — the gradual improvement In business and world conditions, politically as well as financially, and tbe o.her is the vast stores of gold accumulated in this country. We hold now 44 per cent of the entire world’s stock of gold, an amount in excess of three and one-half billion of dollars. We have credit situation created thereby (that makes possible the flotation of securities of an unlimited number of combinations, and in this connection we want to repeat what we have suggested to you many times during the past few months, that the new world conditions created a necessity for corporations of vast size, economically conducted in order to more successfully meet competitive demand, and when there is a need for an organization there is every reasoh to expect that It will be created. This subject is going to play an important part In our market during the next year or two and will naturally result in great activity and in our opinion a higher level of security values. TWENTY STOCKS AVERAGE. NEW YORK, Dec. 10.—Twenty industrial stocks Friday averaged 79.60, up .80 per cent. Twenty active rails averaged 74.35, up .13 per cent. CLEARING HOUSE STATEMENT. NEW YORK, Dec. 10.—Exchanges. $683,600,000: balances, $49,100,000 ; Federal Reserve Bank credit balances, $32,900,000.

Money and Exchange

Indianapolis bank clearings Saturday were $4,006.000 and for the week ending Saturday $18,039,000. NEW YORK, Dec. 10—The foreign exchange market opened strong today with demand Sterling 1 point higher at $4.11%. Francs advanced 12 centimes to 7.75 c for cables and 7.77 c for checks. Lire cables were 4.43 c; checks, 4.42 c. Belgian cables were 7.40 c; checks, 7.45 c. Marks 3 points higher at .0054 c. Guilder cables were 30.90 c; checks, 35.89 c. Sweden kronen cables were 24.15 c; checks, 24.10 c. Norway kronen cables were 14.65 c; checks, 14.60 c. Denmark kronen cables were 14.65 e; checks, 14.60 c. Denmark kronen cables were 18.90 c; checks, 18.85 c. NEW YORK BANK STATEMENT. NEW YORK, Dec. 10.—Averages: Loans, decreased. $24,574,000; demand deposits, decreased, $40,711,()00; time deposits, decreased. $8,055,000; reserve, decreased $6,429,970. Actual—Loans, decreased, $48,597,000: demand deposits, decreased. }29.633,000; time deposits decreased, 410,444,000; reserve, decreased, $7,704,790. MOTOR SECURITIES. (By Thomson A McKinnon) —Dec. 10.— —Closing— Bid Ask Earl Motors 9% 9% Fackard com 7% 34* J’Bckard pfd 67 70 I’eerless 34 36 Continental Motors com 5% 6% Continental Motors pfd 80 85 Hupp com 11% 12 liupp nfd 92 98 Reo Motor Car 19% 19% Elgin Motors 3% 4 Grant Motors 1 1% Font of Canada 245 249 International Motor com 28% National Motors 2 4 Federal Truck 15 17 Paige Motors 14% 15 Republic Truck 6% ACTIVE OIL STOCKS. (By Thomson A McKinnon.) / —Dec. OpeningBid. Ask. Anglo-American Oil 20% 20% Atlantic Lob os 9 9% Borne-Scrymser 300 500 Buckej-e Pipe Line 82 84 Chesebrough Mfg. Con 185 195 Cont. Oil Colorado 118 123 Cogden OU and Gas 6 8 Crescent Pipe Line 30 31 Cumberland Pipe Line 125 135 Elk Basin Pete 6% 7% Eureka Pipe Line SO 84 Galena Signal Oil pfd 100 106 Galena-Signal Oil com 44) 44 Illinois Pipe Line 152 158 Indiana Pipe Line 81 83 Merritt Oil 10 10% Midwest Oil 2% 3 Midwest Refining 170 180 National Transit 29 30 New York Transit 143 148 Northern Pipe Line 98 101 Ohio Oil 273 278 Oklahoma P. A R 6 6% Benn.-Mex 17 22 Prairie <MI and Gas 550 570 Prairie Pipe Line 230 235 Sapulpa Refining 3% 8% Solar Refining 355 370 Southern Pipe Line 80 85 South Penn. Oil 220 230 Southwest Penn. Pipe Lines. 56 60 standard Oil Cos. 01 Kan.... 560 580 Standard Oil Cos. of Ky 425 45 Standard Oil Cos. of Neb.... 170 180 Standard Oil €O. of N. Y.... 377 383 Standard Oil Cos. of Ohio 380 390 Swan A Finch 40 50 Vacuum Oil 320 330 Washington Oil 35 40 NEW YORK CURB MARKET. (By Thomson A McKinnon.) —Dec. 10— —ClosingBid. Ask. Aon.,- Packing 25 50 Curtis Aero, c0m....... 1% 3% Curtis Aero pfd 18 22 Goldfield Con 4 7 Martin Perry 15% 18% Jumbo Extension 5 7 Imperial Oil (Del.) 9% 9% International Petroleum 16% 16% Nipissing 6 6% Standard Motors 3% 4 Salt Creek 13% 13% Tonouah Extension 17-16 19-16 Tonopah Mining 1% 1% United P. S. new 1% 113-16 U. S. Light and Heat 1 1% U. S. Light and Heat pfd 1% 1% Wright-Martin 2 5 Yukon Gold Mine Cos 11-16 1% Jerome 35 38 New Cornelia 16% 17 United Verde 27% 28% Sequoyah 5 10 Omar Oil 72 75 Rep. Tire 10 20 NEW YORK PETROLEUM. NEYV YORK. Dec. 10.—Petroleum prices were steady in trade on the market today, Pennsylvania crude petroleum selling at $4 per barrel. NEW YORK HIDES. NEW YORK, Dec. 10. -Hides were steady here today, native steer hides selling at 15%@16%c. SW YORK WOOL. IK, Dec 10.—Wool prices irm in trade on the market 1

INDIANA DAILY TIMES, SATURDAY, DECEMBER 10, 1921.

New York Bonds

(By Fletcher American Cos.) —Dec. IDFOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (Unlisted) ss, Sept. 1, ’45 72% 73% Belgian 6s, Jan. 1, ’25 95% 95% Belgian 7%5, June 1, ’45 104 105 Belgian Ss, Feb. 1, ’4l 104y 2 105% Berne Ss, Nov. 1, ’45 102 108 Chile Bs, Feb. 1, ’4l 102% 102% Christiania Bs, Oct. 1, ’45 107 108 Copenhagen 5%5, July 1, ’44.. 87% 88 Danish Mun. Bs, Feb. 1, ’46.. 107 108 Denmark Bs, Oct. 15, ’45 107% 108% •Canadian 5%5, Dec. 1, ’22.. 90% 91% •Canadian o%s, Nov. 1, ’23.. 90% 91% Canadian 5%5. Nov. 1, ’24.. 89% 90% Canadian ss, Dec. 1,. ’25 87% 89* Canadian 5%5, Apr. 1, '26 96 96% •Canadian 5%5, Dec. 1, ’27.. 90% 92 Canadian 5%5, Aug. 1, ’29.... 97 % 97% Canadian ss, Apr. 1, ’3l 94% 95% •Canadian ss, Oct. 1, ’3l 87% 89 •Canadian 5%5, Nov. 1. ’33.. 91% 93 •Canadian 5%5, Nov. 1, ’34.. 89% 90% Canadian ss, Mch: 1, ’37 93% 04 •Canadian 5%5, Dec. 1, ’37.. 93% 94% •French (Viet.) ss, Opt., ’31.. 55% 50% •French 4s, Opt., ’43 46% 47% French ss, Sept. 15, ’45 99% 100% •Italian (W.) 5s 33% 34% Jap (Ist) 4%5, Feb. 15, ’25.. 84% 97% Jap 2nd) 4%5. July 10, ’25... 86% 87 Jap 4s, Jnn.% 1, ’3l 91% 72% Norway Bs, Oct. 1, ’4O 108 110 Sao Paulo Bs, Jan. 1, ’36 101 102 Swedish 6s, June 15, '39 95% 96 Swiss 5%5, Aug. 1, ’29 95 % 90 Swiss Bs, July 1, ’4O 112% 114 U. K. 5%5, Nov. 1, ’22 99% 99% U. K. 5%5, Aug. 1, ’29 97 % 98% U. K. 5%g, Feb. 1, ’37 91% 95 Zurich Bs, Oct. 15, ’45 1(17 108 Brazil Ss, June 1, ’4l 104 104% French 7%5, June 1, ’4l 93% 95 Aruguny Ss, Aug. 1, ’46 102% 103 Argentine 7s, Oct. 1, ’23 09% 100% •Internal Loans. * CORPORATION BONDI?. ~ Bid. Ask. Alum. Cos. of Am. 7s, Nov. ’25.100% 100% Am. Cotton oil Cs, Sept. 2, ’24 95% 96 Amer. Tel. 6s, Oct. ’22 lob" 1(0% Amer. Tel. 6s, Feb. ’24 99% 100% Am. Thread 6s, Dec. ’2B 10u% 100% Amer. Tob. 7s, Nov. ’22 100% 100% Anaconda 6s, Jan. ’29 97 97% Anaconda 7s. Jan. ’29 102 102% Anglo-Amer. Oil 7%s Apr. ’25.103% 103% Armour 7s, July 15, ’3O .102% 102% Atlantic Ref. 6%s Mch. ’31.103% 104% Bell Tel. of Cun. 7s. Apr. ’25.100% 100% Beth. Steel 7s, July 15, ’22 100% 100% Belli. Steel 7s, July 15, ’23 100% IUO% Can. Pac. 6s, Mch. 2, ’24... 100% 100% Cent. Arg. Ry. 6s, Feb. *27... 91 91% C., R. I. & P. 6s, Feb. '22.. 99% 100% Con. Gas Bs, Dec. ’2l 100% 101% Copper Exp. Ss, Feb. 15, ’22.100% 100% Copper Exp. Bs, Feb. 15, ’23. .101 102 Copper Exp. Bs, Feb. 15, ’24.. 103 103% Copper Exp. Bs, Feb. 15, ’25..103 1-5 104% Cudahy 7s, July 15, ’23 1001-5 100% Fed. Sugar 6s, Nov. ’24 96% 97% Goodrich 7s, Apr. ’25 is% 98% Gulf (Ml (is, July ’23 99% 100% Gulf Oil 7s, Feb. ’33 102% 103% Hocking Val. 6s, Mch. 24 97% 98 Humble Oil 7s, Mch. 15, ’23..100% 100% Int. R. T. 7s, Sept.’ ’2l 70 72 K. C. Term 6s, Nov. 15, ’23. . 99% K*> Keun. Copper 7s, Feb. ’3O 101 101% laclede Gas 7s, Jan. ’29.... 98 98% Proctor & G. 7s, Mch. ’22 100% 100% Proctor & (5. 7s, Mch. ’23 101% 101% Pub. Sor. N. J. 7s, Mch. ’22.. 100 100% It J. Reynolds 6s, Aug *22.-100% 100% Sears Roebuck 7s f Oct. 15, ’22 . 99% 100 Sears Roebuck 7s, Oct. 15, ’23 99% 99% "'nelalr 7%5, May 15, '25... 99% 10*>% Solvay & Cie Ss, Oct. '27. .103% 104% Southern Ky. 6s. Mch. ’22... 99 % 90% S. W. Bell Tel. 7s. Apr. '25... 100% 101 % Stand. OH 1 Cal.) 7s. Jan. '31.105% 106% S. Oil N. V.i Ts. .Inn. '25-’3l 104% 108% St. Paul U. I). 5%5, Dec. 15, '23 99% 99% Swift 7s. Oct. 15, ’25 100% 1< 5% Texas Cos. 7, Mch. 1. '23 100% 101 Utah Sec. 6s, Sept. 15, ’22... 97% 97% Western Electric 7s, Apr. ’2s.ini I(M% Westlnghouse 7s, May, ’31....104% 105%

Local Stock Exchange

—Dec. 10— STOCKS. Bid. Ask. Ind. Ry. & Light com 60 Ind. Rv A- Light pfd 75 Ind pis. A S. E. pfd 60 Indpls. A N. W pfd 60 Indpls. St. Ry 37 41 T. H„ T. ft L. pfd 53 T. IL, 1. A E. com 4 T. H„ I. St E. pfd 12 17, T of Ind. com ... l T T. of Ind Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance- Rumely com Advanoe-Rumely pfd Am Creosoting pfd 92 Am. Central Life 130 Belt R. R com 59 08 Belt It. It pfd 43 Century Bldg. Cos. pfd 91 _ ... Citizens Gas Cos 23% ... Dodge Mfg Cos. pfd 88 Home Brewing 49 Ind Hotel com 61 ... Ind. Hotel pfd 94 Ind Nat. Ins Cos 3% 5 Ind, Title Guar, Cos 47% ... Ind Pipe Lines **. 80 85 Indpls. Abattoir pfd 41 Vi 50 •Indpls. Gas 42% 50 Indpls. Tel. com 4 12 Indpls. Tel. pfd 90 Mer. Pub Util, pfd 41% 51% Nat. Motor Car Cos 2 4 Pub Sav Ins. Cos 4% ... Riuih Fertilizer pfd 40 Stand. Oil of Indiana Sterling Fire Ins. Cos 7 Var Camp Hdw. pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod 2d pfd 100 Vandalia Coal Cos. pfd.. 4% 8% Vandaila Coal Cos. pfd. 5 9 Wabash Ry. com. •• ..... Wabash Ry. pfd 20 -4 lIONDN. Broad Ripple 5s 55% 65 Citizens St. Ry. 5s 67% ... Indian Ck. Coal and Mine 100 Ind. Coke & Gas 6s 83 89 Indpls. C. A S. 5s 91 Indpls. A Martinsville 5s c 5 Indpls North. 5s 37% 43 Indpls. AN.W. 5s 50 ... Indpls. A S. E. 5* 45 Indpls. S & 8. E. 5s • • J3 Indpls St. Ry 4s 50 56 Indpls T. A T. 5s 71% 75 T. H.. 1. & E. 5s • • XT T. of T -d. (is 47 52 Citizens Gas 5s 80 87 Indpls. Gas Cos 78% 86 Kokomo, M. A W 5s 80 KS Ind Hotel Cos 2d 6s 9 Indpls. L. A H. 5s 82 89% Tndpls. Water Cos. 5s 02 93 Indpls. Water Cos. 4Vis 74 82 Mer. TI. A L. 5s 95% 98% New Tel. Ist 6s 94% ... New Tel. L. D. 5s 93% ... Sou. Ind. Tower 5s 88% Local Curb Market (By Newton Todd) —Dec. 9 Am. Hominy com 14 20 Central and Coast Oil 2 ... Choate Oil Corp % 1% Columbian Fire Ins. Cos 6 7% Comet Auto 1 2 Dayton Rubber Units 60 69 Dictograph Prod, pfd 46 55 D. W. Griffith 8 9% Eigin Motor Car 3% 4% Federal Fin. Cos. pfd 70 86 Fed. Fin. Cos. com 123 130 Gt. Sou. Prod. A Ref 6 Indiana Rural Credits 1 .00 Metro. 5-50 c Stores com 10 Mero 5-50 c Stores pfd 24 29 National Underwriting 3% 5 Ranch A Lang Units 40 48 Rub.-Tex. Units 15 13 U. S. Automotive Units 70 80 U. S. Mtg. Cos. Units 148 160 BANK STOCKS. Commercial Natl. Bank .... 71 81 Continental Natl. Bank 109 116 Indiana Trust Cos 175 190 Indiana Natl. Bank 258 268 Merchants Natl. Bank 280 Natl. City Bank .. 105 110 Security Trust Cos 130 State Savings and Trust—. 02 97 Wash. Bank and Trust C 0... 150 CLEVELAND PRODUCE. CLEVELAND. Dec. 9—Butter—E.- ra, in tubs, 51%@52c; prints. 52%®53e; extra firsts, 50%®51c: firsts, 49%@50c; seconds, 41%@42c: packing stock, 28@29c. Eggs—Fresh gathered, northern extras, 61c: extra firsts, 60c: Ohio firsts, new cases, 57c: old cases, D6c; western firsts, new cases. 54c. Poultry—Live, heavy fowls. 24®25c: light, lti@lßc: spring culls, 17@2(>e; spring ducks, 25@27c; turkeys, 3S@39c

GRAIN PRICES CLOSE LOWER Weakness Due Principally to Lack of Buying Power. CHICAGO, Dec. 10.—Grain prices were generally lower on the short session of the Chicago Board of Trade today. The weak market was due to the lack of buying power and the unexpected decline in Liverpool prices. Provisions were irregular. December wheat opened at $1.11%, unchanged and closed %c lower. May wheat was %c higher at the opening at $1.15% and closed off %c. July wheat opened at $1.03%, up %c and closed off %c. December corn opened off %c at 4Sc and closed %e higher. May corn opened at 54%c, off %c and closed %c lower. July corn was off %c at 55%e, when the session started and later slumped %c. December oats opened unchanged at 32%c and closed off %c. May oats opened off %c at 38%c and closed off %c. July oats opened unchanged at 39c and closed off %c. (By Thomson & McKinnon.) —Dec. 10-Wheat—Week-end realizing has appeared as expected and despite an absence of outside trade market has displayed firmness, possibly because of undoing of spreads between this market and Winnipeg, the Winnipeg being sold and the Chicago bought. Northwest markets intimate fair export business in durams, but the only thing mentioned by the seaboard is 300,000 bushels and 10,000 barrels flour. Liverpool and Buenos Aires are quoted lower, especially Buenos Aires. Irrespective of items of news relating directly to the question of prices, it is a fact that there is no Interest displayed by the trade at large, rbe market being of the ordinary holiday character. Another decrease in the visible supply on Monday is probable, and will serve to steady, if not strengthen prices. AVe think the key to the situation lies in the size of the export trade. Corn and Oats—Yesterday’s small advance in corn and oats eliminated what short, interest existed, leaving today’s markets without any particular support. The selling in both was scattered. The seaboard and outside markets continue to mention export demand for corn. We feel that these markets are on a healthy basis and, will, in the course of time, present fair profits to investors. Provisions—The labor situation at the yards is responsible not only for on absence of offerings by packing interests, but also curtails any investment demand which might otherwise appear. Hogs display strength under light receipts and shipping demand. CHICAGO GRAIN TABLE —Dec 10WIIEAT— Open. High. Low. Close. Dec 1.11% 111% 1.10% 1.10% May.... 1.15% 115% 115% 1.14% July 1.03% 1.03% 1.02% 1.02% CORN— Dec 48 .48% .47-5* .48% May 54% .54% .53% .54 July 55% .55% .55% J>s% OATS— Dec 32% .32% .32% .32% Mav 38% .38% .38% .38% July.... 39 .39 .38% .38% I’OR tv—•Jan 15.00 LA U Ilian 8.85 8 80 8.87 8.80 May.... 9.25 9.26 9.22 9.22 RIBS—•Jan,... ..... 7.75 •May 8 02 RY 1: - Dec ,85 .35% .84% .85 May 91% .91V? .90% .91 % •Nominal. CHICAGO CASH GRAIN. CHICAGO, Dec. 10—Wheat—No. 3 red, $1.13%; No. 2 hard winter, $1 11% "1.15; No. 3 hard winter, SI.OB. Corn -No. 2 mixed, 49c; No. 2 white, 49%e; No. 2 yellow, 49%f(t50c ; No. 3 mixed, 48%c; No. 3 white, 43%®48%c; No. 3 yellow, 48%® 48%c; No. 4 mixed, 47%e: No. 4 yellow, 47%®48%c. Oats—No. 2 white. 35%@ 86c; No. 3 white, 33%@34%e; No. 4 white, 32%®33%e. PRIMARY MARKETS. (By Thomson & McKinnon.) —Dec. 10.— —RECEIPTS— Wheat Corn Oats St. Joseph .... 81,000 52,(XX) Cincinnati 20,000 577,000 143.000 Milwaukee 5.000 140,000 51,000 Minneapolis ...416,000 79,000 120,000 Duluth 179.1KK) 49,000 18,000 St. Louis 44,000 111,000 32,000 Toledo 6,000 11,000 6.0(H) Detroit 6,000 4,000 4,000 Kansas City ...360,(XX) 90,000 14,000 Omaha 53,ixx) 183,000 26,000 Indianapolis ... 1,000 125,000 22,000 Totals 1.121.000 1,421,000 431.000 Year ago ..1,182,000 501,000 491,000 —SHIPMENTS— Wheat Corn Oats St. Joseph 19,000 32,000 Chicago 28.000 125.000 125,000 Milwaukee 4.0(H) 200,(XX) 71,000 Minneapolis ... 8.3.1 XX) 47,000 99,000 Duluth 161,000 St Louis 57,000 61,000 54.000 Toledo 6, (XX) 7,000 13,000 Detroit 6.0(H) Kansas City ...169,000 119,(XX) 19.000 Omaha 61,000 66,000 6,000 Indianapolis .. 1.000 39,000 12,000 Totals 379.000 705,000 405.000 Y’ear ago .. 868,000 250,000 451,000 —CLEARANCES— Wheat Corn Oats New York 161,000 Pbiladeljhla ... 50,000 New Orleans 137,000 187.'i"0 Totals 220,000 137.000 137,000 Year ago ..1,537.000 51,000 50,000 INDIANAPOLIS CASH GRAIN. —Dec. 10— 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®51%e: No. 4 white, 48%®50c: No. 3 yellow. 51 @sl%c; No. 4 yellow, 49®50c; No. 3 mixed. 49%®50c; No. 4 mixed. 48%®49c. Oatas —Firm; No. 2 white, 37®38c; No. 3 white,* 85%(§ 5 36V4c. Hay—Steady; No. 1 timothy, $17®17.50; No. 2 timothy, $16.50®17; No. 1 light clover mixed, sl6® 16.50; No. 1 clover, sl9 @2O. —lnspections Wheat —No. 3 mixed, 1 car. Corn—No. 2 white, 2 ears; No. 3 white, 1 ear; No. 4 white, 15 cars; No. 5 white, 2 ears: No. 1 yellow, 2 cars; No. 3 yellow. 2 cars; No. 4 yellow, 6 cars; No. 3 yellow, 16 cars: No. 0 yellow, 1 car; No. 3 mixed, 1 car; No. 4 mixed. 7 cars: No. 5 mixed, 1 car; No. 6 mixed, 1 ear; total. 57 cars. Oats—No. 2 white, t car; No. 3 white, 5 cars; No. 4 white, 1 car; total, 7 cars. Hay—No. 2 timothy, 1 car. HOARD OF TRADE STATEMENT. The weekly statement of the Indianapolis Board of Trade showing the out put of flour by local mills, inspections for the week and stock in store, follows: COM PA RAT IVE STATEMENT. Output of flour— Bills. Dec. 10, 1921 8,060 Dec. 8, 1921 9,156 Dec. 11. 1920 8,070 Dec. 13, 1919 13.608 —Bushels—--1920 1921 Wheat 19JXI0 8.000 Corn 547,000 253,000 Oats !!! 164,000 54,000 jj v 0 4,000 cars. STOCK IN STORE. Wheat. Corn. Oats. Rye. Deo 10 1921. .291,200 268,800 464,000 1,200 Doc'll 1920. .151,200 481.440 447.580 1,100 Dec! 13,’ 1919. .501,350 331,520 165,500 32,950 WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying $1.14 for No. 1 red winter wheat: $1.12 for No. 2 red winter wheat and according to test for No. 3 Oats are quoted at 25c for No. 3 white or better. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay—Loose timothy, $16@17; mixed hay, sls® 16; baled hay, $16@17. Oats —Bushel, new, per bushel, 32@35c. Corn—Uld. per bushel. 55@60c. UNFILLED STEEL ORDERS. NEW YORK, Dec, 10.- In its monthly statement issued today, the United States Steel corporation reported unfilled orders on its books as of Nov. last, of 4,250,542 tons, compared with 4,288,829 tons on Oct. 31 last, a decrease of 30,287 tons.

SWINE PRICES SUSTAIN GAINS Trade in Cattle Still Strong— Calves Are Higher. RANGE OF HOG PRICES. Good Good Good Dec. Mixed. Heavy. Light. 2. $7.10® 7.25 $7.00 $7.25® 7.50 3. 7.00® 7.10 7.0 U 7.2D® 7.40 6. 7.25® 7.40 7.15 7.40® 7.50 6. 7.15® 7.40 7.15 7.35® 7.50 7. 7.35® 7.50 7.15® 7.25 7.50® 7.65 8. 7.10® 7.25 7.00® 7.10 7.50® 7.66 9. 7.35® 7.65 7.25 7.65® 7.85 10. 7.75® 8.25 7.35 8.05® 8.25 With receipts light, strength lent by the strike in Chicago and both local packers and shippers showing good demands, swine prices were 10 to 33 cents higher in trade ou the local livestock exchange today. The bulk of the sales were, however, 10 to 25 cents higher. But a small part of the total-receipts were, lights and light mixed and there was keen competition among the shippers in buying these grades. Most of the light swine brought [email protected], while some of the light mixed sold as low as SB, with others selling at the price of the lights. Heavies brought $7.33 generally and mediums [email protected]. The bulk of sales for the day ranged at $7.35®7.(53. Practically all of the receipts had been sold at an early hour in the forenoOn. Trade in cattle was good, with receipts light, the quality medium to fair and most of the local packers active. Receipts for the day ran close to 400. Prices were strong generally. Veal prices were 30 cents higher generally, due to light receipts and keen competition among the shippers with Eastern house connections. There was a top of sl4 on choice veals, and there were many more sales at that price than on the market of the previous (lay. The bulk of tha choice veals brought [email protected]. Good veals brought sl2® 13 and mediums, slo@l2. Other grades brought $7.50@10. With around 200 sheep and lambs on the market, prices were steady. MF ?famD%alufl@mfw fwy hrdl mfwy m HOGS. Best light hogs, 150 to 180 lbs. average $ 8.15® 8.23 Over 300 lbs 7.10® 7.23 150 to 300 lbs 7.25® 8.25 Sows 5.25® 0.50 Stags 4.75® 6.25 Best pigs, under 140 lbs 8.25® 8.50 Top 8.33 Bulk of sales 7.35® 7.65 CATTLE. Prime cornfed steers, 1,300 to 1.800 lbs 7.50® 8.50 Good to choice steers, 1,200 to 1,300 lbs 6.50® 7.50 Good to choice steers, 1,100 to to 1,200 lbs 5.75® 6.75 Good to choice sters, 1,100 to 1.1000 lbs. .. 5.00® 5.75 Common to medium steers, 800 to 1,000 llis 5.00® 5.25 Choice yearlii g steers 9.00® 10.50 —Heifers and Cows— Good to choice heifers 6.50® 8.00 Medium heifers 5.00® 6.00 Common to medium heifers., 4.00® 500 Good to choice cows 3,50® tJ.IX) Fair lo medium cows 2.00® 3.50 Cutters 1.50® 2.25 Caoners 75® 1.00 —Bulls— Good to choice butcher bulls 3.50® 5.00 Bologna bulls 3 25® 3.50 Light bologna bulls 2.50® 3.00 Light to common bulls 2.25® 2.50 —Calves— Choice veals 13.00 @ll. 00 Good veals 12.50® 12.00 Medium veals [email protected] Lightweight veals [email protected] Common heavyweight veals... 7.50® 8.00 —Stockers and Feeders— Good to choice steers, under 800 lbs 4 30® 4.75 Medium cows 2.00® 3.50 Good cows 3.50® 4.25 Good heifers 5.00® 6.50 Medium to good heifers 4.00® 4.75 Milkers [email protected] —Sheep and Lambs — Ewes I.oo® 3.00 Bucks 2.00® 2.50 Choice iambs [email protected] Seconds 6.30® 8.00 Buck lambs 6 00® 7.00 Culls 4.00® 6.00 Other Livestock CHICAGO. Pec. 10.—Hogs—Receipts, 6.000; market, mostly 15 cents higher; bulk of sales, [email protected](>; top, $7 75; heavies, $6.90® 7.15 : mediums, $7.10®7.50; lights, $7.20(07.63; light lights, $7.50® 7 75; heavy packing sows, smooth. $3.75® (>..iO; packing sows, rough, ?5.50®.V,i(i; pigs, $7.50@ 1.75. Cattle—Receipts, 2,500; market, steady. Sheep and lambs —Receipts, 7,000; market, steady. CLEVELAND, Dec. 10. Hogs—Receipts, 2,000; market, 23c to 50c higher; yorkers. $8.25: mixed $8; mediums. .<8: pig-. $8.25; roughs. $6. -tags, si. Cattle Receipts, 2,000; market, steady; good to choice steers. $7@S; good to choice heifersj *t'@o; good to choice cows, s'l® 4.75; fair_ to good cows, s2@3; common cows, [email protected]; good to choice bulls. $7.25@8; milkers, $35@75. Sheep and lambs Receipts. 1.500; market, steady; top, $12.30. Calves—Receipts, 200; market, active; top, sl2. CINCINNATI, Dec. 10.—Hogs—Receipts, 2,900; market, strong; heavies, [email protected]; mixed, $7.50; mediums. $7.50® 7.75; pigs and lights, $8; roughs. $5.75; stags, $4.75. Cattle —Receipts, 350; market strong; bulls, steady; calves. sl2® 12.00. Sheep and lambs—Receipts, 350; market, steady. EAST ST. LOUIS. Dec. 10,—Hogs—Receipts. 8,500: market, 10 to 25 cents higher; mixed and butchers, [email protected]: good heavies, $7.15® 7.25; roughs! $5.75® 6; lights. [email protected]: pigs. $7.50®7.75: bulk of sales. $7.15® 7.30. Cattle —Receipts. $00: market, steady; native twf steers. sßfo'9; yearling steers and heifers, $S® 11.25; cows, $3.25® 5.50: stockers and feeders. s4@6: calves. [email protected]; manners and cutters, s2@3. Sheep and lambs—Receipts. 2(X>: market, steady; mutton ewes, [email protected]; choice lambs, [email protected]; eanners and choppers, [email protected]. EAST BUFFALO. Dec. 10.—Hogs— Reeeiiits. 2.(XX): market active: yorkers, [email protected]; pigs. $$ [email protected]; mixed, sß® 8.25; heavies. $7.8508; roughs. .$0.50; stags, s4@s. Cattle—Receipts. 325; market slow: shipping steers. sß®9: butcher grades, $7 5008.50: heifers. $1.500 7.75; cows. $205.75; bulla. $305.25: feeders, $5.250:6: milk cows and springers, s3s® 140. Sheep and lambs—Receipts. 1.000: market nellve; choice lambs, $12.50® 13; cull to fair. s7@l2; yearlings, $8@10; sheep, [email protected]. BITTSBURGH, Dec. 10.—Hogs—Receipts, 3,500: market 15c to 35c higher; prime heavies, $7.500:7.05: mediums, sß® 8.15; heavy yorkers, $8.15058.25: light yorkers, [email protected]; pigs. [email protected]; roughs, $50(5: stags, $4®4.00: heavy mixed, [email protected]. Cattle—Receipts, light; market, steady. Calves—Receipts, 100; market, steady; veal calves, $12.50; heavy and thin calves, [email protected]. Sheep and lambs Receipts. l.(KK); market 75C higher: prime wethers. [email protected]: good mixed, 85.50®6; fair mixed, $1.25®5.25; culls ad commons, [email protected]; choice lambs, $12.50. WHOLESALE FEED PRICES. Ton Cwt. Acme Bran $30.00 $1.55 Acme Feed 30.00 1.53 Acme Middlings 30.00 1.70 Acme Dairy Feed 44.00 2.33 E-Z-Dniry Feed 35.00 1.80 Acme 11. & M 32.00 1.65 C O. & B Chop 28.25 1.45 Acme Stock Feed 28.25 1.45 Acme Farm Feed 32.00 1.65 Cracked Corn 30.00 1.65 Acme Scratch 35.00 1.80 E-Z-Scrateh 32.50 1.65 Acme Dry Mash 43 25 3.20 Acme Hog Feed 38.25 1.95 Ground Barley 37.75 1.95 Ground Oats 32.25 1.70 Hcmlick Yellow 29 25 1.65 Rolled Barley 37 75 1.95 Ground Oats 32 25 1.70 Rolled Barley 37 75 1.95 Alfalfa Mol 33 00 1.70 Cottonseed Meal 48.00 2.45 Linseed Oil Meal 50.00 2.55 Chick Mash 45.25 2.30 Tankage 55,50 2.90 Meat Scraps 80.00 4.50 D Light Scratch 36 00 1.85 FLOUR AND ME4L. E-Z-Bake bakers’ flour in 98-lb. cotton bags, $7.80. Corn meal in 100-lb. cotton bags. $1.65. 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. 28c; No 3,23 c. Round —No. 2, 15o; No. 3.12 c. Chucks —No 2. 10c: No 3.9 c Plates—No. 2. 9c; No. 3. Bc.

Weather The following table shows the state of the weather at 7 a. m., Dec. 10. as observed by United States Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind. . 29.93 34 Cloudy Atlanta, Ga 30.08 40 Clear Amarillo, Texas .. 30.36 32 Clear Bismarck, N. D. ... 30.06 36 Clear Boston, Mass 29.96 84 Clear Chicago, 111 29.82 38 PtCldy Cincinnati, Ohio .. 29.96 32 Cloudy Cleveland, Ohio ... 29.82 32 PtCldy Denver, Colo 30.26 38 Clear Dodge City, Kas. . 30.38 32 Clear Heleua, Mont 30.24 34 Cloudy Jacksonville, Fla. . 29.92 56 Rain Kansas City, Mo. .. 30.18 38 Clear Louisville, Ky 30.04 32 PtCldy Little Rock, Ark. . 30.22 38 PtCldy Los Angeles, Cal. . 30.14 60 Clear Mobile, Ala 30.18 42 Clear New Orleans, La. . 30.26 46 Cloudy New York, N. Y. .. 30.04 32 Clear Norfolk, Ya 30.10 32 Clear Oklahoma City 30.28 34 Clear Omaha, Neb 30.18 34 Clear Philadelphia, Pa. . 30.04 30 Clear Pittsburgh, Pa. ... 29.96 28 PtCldy Portland, Ore 30.20 48 Cloudy Rapid City, S. D. . 30.24 32 Clear Itoseburg, Ore 30.30 42 Cloudy San Antonio, Texas 30.38 38 Clear San Francisco, Ca! 30.28 50 Clear St. Louis, Mo. ... 80.04 36 Clear St. Paul, Minn. .. 29.88 84 Clear Tampa, Fla 29.94 64 Rain Washington, D. C. 30.04 30 Clear WEATHER CONDITIONS. A few showers occurred in the eastern Gulf region in connection with the Florida storm, which is now passing into the Atlantic. Unsettled weather prevails in parts of the Lakes region, due to a depression which is moving eastward across that district. This disturbance is causing higher temperatures thence southwestward to Texas, while elsewhere, a* a rule, the temperature changes have not been decided, and the readings over the northwest continued generally above the seasonal normal. J. H. ARMINGTON, Meteorologist Weather Bureau.

LONDON BOOZE CURFEW KEEPS ONE GUESSING Visitors Puzzled by Varied Drinking Hours in the Districts. LONDON, Dec. 10.—The booze curfew in London varies according to the district; so now tbe Londoner has to drink by the map instead of the clock. In Piccadilly, the Strand and a small portion of Oxford street you may driuk to your heart’s content until Big Bill has tolled his fateful midnight hour. Outside, however, of that blessed cordon your dr nks are ruthlessly snatched away from you an hour earlier. Even to tie Londoner this is ail very complicated, but to the transient foreigner it is a mystery. “Why,” he asks, ■is it right to drink in one section of Oxford street while on the other side of the street it is a crime.” You explain to him that the other side of tho road happens to be in an other municipal area controlled by a different set of licensing authorities, whose views on the morality of drinking after eleven at night differ from their more enlightened brethren of this side of the road. “But there was a law passed that one could drink in London until midnight,” says the foreigner. “Why don’t they obey the law. these licensing authorities?” The Londoner can only shake his bead. The real hootch hound In London now goes about with a map. Some ingenious tippler has discovered that in London, despite restrictions, you can start on a carouse at 11 o'clock In the morning and with but one hour's break drink steadily until midnight and still keep within the law. Start off at Kensington, a very fashionable suburb of London, and continue there until half-part three. Then take a bus to Stoke Newington, a half-hour's run. There you r’ririk until 10 o’clock and then return to the stand area and carry on until midnight. Another of London’s little liquor mysteries is the fact that if you fill your automobile with cases of Scotch, Irish or rye nobody can stop you, but should it be after 8 o’clock at night and you ask for a few syphons of soda or a few bottles of mineral w a i er you will be refused; it is Illegal ter sell 1. lnerals. Again, one can purchase from the fashionable florist 01 fruit store carloads of expensive fruit and flowers at any hour of the day or night, but it would be “agin the law” for a poor woman, or a rich one, to buy a penny roll from the teashop next door after 8 o'clock. Flowers and fruit come under the heading of “perishable” and are not included in the provisions of the early closing act. Bread, tobacco and cigarettes are not perishable and, therefore, cannot be bought after 8 o’clock at night.

STORY OF BOLD IMPOSTOR LIKE TRAGI-COMEDY With $900,000 Thrust on Him Young Engineer Sticks to His Desk. ROME, Dee. 10.—Tne trial of a man named Bellassai, at Girgenti, recently revealed a tragi-comedy which might have been invented by Boccaccio or played in a restoration theater, but is probably unparalleled in real life. Frencesco Kestivo was an Italian soldier, who in 1918 died a prisoner in Austria, leaving a mother and father, a brother, sisters and a widow and child. For over a year the parents and widow hoped against hope that the authorities were misinformed and that their beloved would return some day. Nevertheless when a young man came to the old people eighteen months ago and said that Francesco was alive and coming home they couid hardly believe the news. He said that he had come to break the shock to them and to their daughter-in-law Angelina. He mentioned that Francesco had altered much in consequence of his terrible sufferings as a prisoner. The young man was dined and feted, but he remained only a day, ns he said that he must see Angelina, who lived in another town. As he left in the train he confided to a friend of the family that he himself was Francesco. The news spread like wildfire, and even the parents and relatives believed it. The young man—Bellassai—alleged swindler and thief well known to the police of north Italy—had no difficulty in convincing Angelina that her husband was alive. He was well supplied with personal details of the dead man, which he had gathered on purpose from his parents and friends. After some (leys he Void her that he was Francesco himself. She would not believe it at first, but joyful letters from his parents and the •sonfirninfion of friends, who declared that it was absurd to doubt him, quieted her. Bellassai obtained a life pension as. the returned Francesco, and Angelina consented to live with him. Five months later Bellassai, prosperous and secure in. the love of his Angelina, took too much wine and babbled the truth to the horrified woman, who denounced him to the police. Curiously enough, she was not believed at first. Francesco’s friends and parents were indignant. Tbe dead soldier’s father invited Bellassai to live with him and he did so, but Angelina’s persistence impressed the pension authorities, whi® inquiries resulted in the trial. ™

AMERICAN TREE SEEDS GROWING IN BLOODY SOIL American Forestry Association Sent Embro Trees as Present. WASHINGTON, Dec. 10.—The most famous Christmas present ever sent from one nation to another, American tree seeds, are now healing the wounds of war in the devastated sections of the allied countries. From Boston three years ago the American Forestry Association of Washington sent millions of tree seeds to France, Great Britain and Belgium to take the place of their comrades who fell In the World War. The welcome with which the unique Christmas present was received is shown In the report of Arthur Newton Pack of Princeton, N. J., to the American Forestry Association, which commissioned him to go to Europe, made public by the assocaition following his three-month tour. In this report is the following general order by the French ministry. “The plantations made from the seed presented to us by the American Forestry Association should be located in places readily accessible to the main traveled roads and, If possible, on or near wellknown sites, with the view that such future forests remain as a monument to the partnership of France and America in the great war.” ENGLAND LOST MOST. In the British Isles, which lost the most forest cover because It was there cutting was done on a wholesale scale to meet the demands of war, the same good feeling prevails . In Belgium, too, the work is going forward, and in the once beautiful Ardennes Mountains, where German axes left nothing standing, patches of American Douglas fir are’rearing their heads where once was the mark of the German heel. Here are some of the places the seedlings are planted: “In County Tyrone, Ireland, where the best nursery showing of any planted by the British Forestry Commission has been made. “In the Forest of Mormal, where, In a 25,000-acre forest of pine and beech, the German ax left nothing but the smallest saplings. “In the Ardennes Mountains, bordering the old Duehv of Luxembourg. “Along the Caledonian Canal, in Scotland, known to all the American Navy, because it was there the American submarine chasers were mobilized. “Along the Chemin des Dames, where the doughboy made history. “Around Lille. Valenciennes and Hirson, at the doors of reviving industry. “In the Forest of Sain Gobain and around the ruins of the famous CoueyleChateau.” A tremendous task faces the allied countries, and the magnitude of it is shown in Commissioner Pack's report to tbe association, which brings out the fact that Great Britain's program calls for fourteen thousand pounds of seed per annum, while France needs an equal amount, and because of the summer drought Belgium needs almost as much. The seedlings were placed first of all by the French government along the Chemin des Dames, where the glory of the doughboy is forever enshrined. So awful was the artillery fire hardly a .charred stump remains of the once thick forest along the slopes. But now row on row, like the poppies of Flanders, the seedlings carpet the slopes once gouged end torn by the battle’s heel in the struggle against militarism. These trees in the years to come will be a great memorial in the region now supervised by the American Commietee for devastated France. America’s trees, tm* will be | found taking the place of their comrades who fell in the Forest of Saint Gobain end around the ruins of the famous Coticyie Chateau, dynamited by the retreating Germans. “To the north the German army cut every stick of available timber for its own use,” says the report. “In the Forest of Mormal stand acres of oneebeautiful pine and beech forest, of which nothing remains today except the stumps. So vast an undertaking is involved in replanting everywhere at one© that here the French have adopted a somewhat different system—clearing and spading np only a little circle here and there, wherein our seed has been sown directly, without the Intermediate nursery state. The loss may be heavier, but the labor of reforestation should be lightened. “This experiment with our seeds Is of unusual Interest to us In America, where 1 lanting labor costs so high, ana it may be that an experiment made with American Douglas fir in France will prove to have real value to forestry m America. The whole northern district — Lille, Valenciennes and Hlrson—is part of the great coal mining and manufacturing center of France, which the German army so thoroughly demolished, and because of their location at the door of reviving Industry the woodlands here, splashed with patches of American trees, will hold some of the highest commercial value of any forests in the world. No better proof of the importance of reforesting our own Eastern areas need be sought.”

Staggering Chickens Aroused Suspicion COLUMBUS, Ohio, Dee. 10.—That Miles Dague's chickens staggered when they should have strutted, flopped when they should have flown, and giggled when they ordinarily cackle are claims made by neighbor, who also detected the smell of alcohol. When Federal officers, upon solleUatfon of neighbors, visited Dague’s place they found a still and some mash. “That isn’t for making whisky,” said Hague. “I’ve found that my hens will lay two or more eggs a day when I feed them that kind of mash.” The Federal! oftieails. however, decided that Dague should account in Federal Court for the situation. Nobody Wants Island Involved in Dispute LONDON. Dee. 10.—A remarkable dis pute has been going on for some time let ween the colonial office and the admiralty over the ownership of Ascension Island, a tiny British possession SOO miles northwest of St. Helena. The island is borne upon the admiralty’s books as a ship—that is, it has a captain and comes under the Gibraltar command. But the admiralty doesn’t want it any longer, so they offered it to the colonial office. When the colonial office learned that it costs $40,000 a year to maintain this possession and that it produces nothing but turtles, the colonial office declined the gift with thanks. This dispute is a res. >( of the economy campaign in government departments, and the admiralty wants to reduce expenses by getting rid of Ascension.

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