Indianapolis Times, Volume 34, Number 188, Indianapolis, Marion County, 17 December 1921 — Page 11

STOCK TRADING VOLUME LESS, MARKET FIRM

Trend Gradually Upward in Face of Reaction Predictions. RAILS HEAVY FEATURE Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Dec. 17.—There was au appreciable lessening of activity in the volume of stock exchange transactions, with an increase in the number of recessions, due, however, in most cases, to profit taking by recent buyers. The undertone was slightly unsettled, thus creating an Impression of irregularity. The market was given its dominating color, however, by advances that established new high levels in Pacific Oil, Lima Locomotive and General Asphalt, as well as the strength displayed by American Locomotive, Corn Products and Studebaker. There was nothing of special moment in the day's news to account for the strength in the stocks, but traders are beginning to take note of the fact that while the market has been going gradually upward tor the last three months, the advance has been accomplished in the face of almost daily predictions of a reaction that has not taken place. About the only hea -y feature of the market so far as grouJ action was concerned, was furnished l y the rails which generally were sluggish. The notable exceptions were Atchison and Louisville & Nashville. For the first time in several weeks the statement of the Federal Reserve Bank showed a decline in ratio, the figures being 72.6 compared with 7:5.1 last week. This resulted chiefly from an increase of $20,300,000 in note circulation. Still further Improvement is shown in the position of the Southern and Western reserve hanks. The indebtedness of the Dallas bank now stands at only $1,000,000 compared with $24,000,000 at the end of the second week in September.—Copyright, 1021, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. The longest continuous advance in the average price of a selected group of railroad and industrial stocks without a twopoint reaction, was from Feb. S to Juno 5, 11*19, a total of 117 trading days. Yesterday marked the 115th day of advance in these same groups without a 2-point reaction. Market statisticians consider that au advance which lias continued so long without normal reaction, makes for caution. Tools bid up their specialties, sell out to other pools who continue the performance and always the independent floor trader is selling short on the theory that the advance sustained so long must be nearing its end. one large trailer was reported to have covered a line of 10.090 shares of a low-priced oil stock with a ..>-$ of more than seven points. This has not been an uncommon experience of the professional element in recent market sssions. one of the low-priced steel Issues to which little attention has been pa.d is Otis Steel selling Just under $lO per share. It was pointed out that ttie company has cash on hand of $1.500,(JW and no bank loans. It was suggested that this sl'uati n might indicate the inolu,h>n of this company in the proposed merger of the independent steels. Some weeks ago a large firm received au order to buy Lima Locomotive stock. It executed the order under 70 and had its statistical department make an analytical study of the company. The reMi'it shown by this analysis did not make the firm enthusiastic as to the possibilttj. j of purchase. Nevertheless the stock sold considerably above par, and according to firms which have been large buyers. is destined for considerably higher prices on its inclusion in a merger i'. the Haskell Barker-rullman combine. Reductions from 5.20 to 5.10 cents wer° made in the price of refined sugar by ~tactically all of the companies. This brought some selliug into the sugar stocks, which was accentuated when sales of raws were reported to have been made at two cenrs. the lowest price in rerent year?. Offsetting this was the announcement that bankers working with the authorities at Washington arc dcvising a plan for marketin : the surplus crop in Chiba somewhat along the lines adopted in the organization of the co/e per export association in disposing of the surplus copper stocks a year ago. Tobacco Products and Retail Stores both were strong, the buying being largely for the account of the professional element. There was an unconfirmed report in usually well Informed houses that at the meeting in January directors of the former company will declare the regular dividend payable in cash, instead of script. A special stockholders meeting of the Middle States Oil Company has been called for next month to vote on the proposal to increase the capital stork from $16,090,900 to 550.000.000. The increase is for the purpose of acquiring by exchange all of the outstanding stock of subsidiary companies in the hands of the public. The proposed basis of exchange calls for $8.50 par value of Middle States Oil. for $lO par value of Imperial Oil of Delaware common; $0 par of Middle States for $lO par of Imperial Oil preferred: S7 par of Middle States for $lO par of Ranger Texas Oil Company. Texas Chief Oil Company and the Dominion Oil Company. An attempt to arouse speculative enthusiasm in the rails early in the afternoon failed to get very fir. Delaware, Lackawanna A- Western was carried to anew high above 118 on a report of an extra disbursement to be made to the stockholders of that company, a report which was without official confirmation. Great Northern and Northern Pacific responded to a small volume of buying orders, with t dvanees of a point or more. Just as the movement gave some promise, large offerings of the St. Paul issues .ame into the market, and tlie attempt to advance the rails further was abandoned. American Locomotive and Baldwin both were strong in sympathy with the advance in Lima Locomotive. There seemed to be plenty of Baldwin for sale around 98, which was close enough to the -old top before the dividend to encourage profit taking ty traders. Trading In the common and preferred stocks of the Columbia Graphophone Company continues on a fairly large scale without, however, much change in prices. Contrary to some reports recently 1n circulation. the company is said to" lie selling a very large number of machinees through the medium of its retail agencies. and the business in records is also reported as meeting optimistic expectations Copyright. 1931, by Public Ledger Company. INDIANAPOLIS PRODUCE. Butter—Local dealers are paying 41® 42c per lb. for butter delivered in Indianapolis. Eggs—Loss off. 50c. Butter—Packing stock, ISc. Joultry—Fowls, 17<g 23e; springs. 20c; cocks, 10® 12c: stags, 12® 13c; young hen turkeys, 8 Us. and up. 35@3Sc; young tom turkeys, 12 lbs. and up. 35@38e; old tom turkeys, COc; cull thin turkeys not wanted; ducks, 4 lbs. and up. 17c; spring ducks, 3 lbs. and up, 17c; geese, lo lbs. and up. 15c; rabbits, drawn, per dozen, $2; squabs. 11 IDs. to dozen, $5; young guineas, 2-lb. size, per dozen, $7@S; old guineas, per dozen, $5. Butterfat—Local dealers are paying 42c per pound far all butterfat delivered in Indianapolis. Parcel Window Open Sunday Afternoon The parcel post division and one stamp window will be open for the mailing of Christmas parcels from 4 to 6 o'clock Sunday afternoon. Postmaster Robert E. Springsteen announced today. The “mail early” crusade of the postoffice department has resulted in the Christmas rush starting earlier this year than usual, according to the postmaster.

N. y. Stock Exchange (By Thomson & McKinnon.) —Dec. 17— Prev. High. Low. Close, close. Allied Chemical 57% 57 57 % 07% Ajax Rubber... 18 17% 17% IS AUis-Chalmets.. 38% 38% 38% 38% Am. B. Mag. Cos. 38 35 % 35% 38 Am. C. & Fd... 145% 145% 145% 145% Am. Can ..■••• 34% 34 34 34% Am. H. &L. c. 14% 14% 14% 14% Am. H. &L. p. 60% 00% 00% 01 Am. Ice ........ 73% 73% 73% 73% Am. In. Corp... 43 42% 42% 42% Am. Linseed .. 34% 31 % 34Vi 31% Am. Loco 99 98% 99 98% Am. Smelt. &K. 40 45% 40% 40 Am. Sugar R... 53% 51 Vi 51% 53% Am. Sum. T. C. 31% 30% 30% 31 Am. Steel Fd... 34 33% 33% 34 Am. T. & T... 117% 117 117 117 Am. Tob 133 132% 132% 133% Am. W001en.... 81 80% 80% 81 At. Coast Line. 89 89 89 80 Anaconda M. Cos. 49% 48% 48% 49% Atchison 93 91% 92% 91% At. Gulf. &W. I. 33% 33 33% 33% Baldwin L0c0... 97% 90 90% 97% B. AO. 35% 35% 35% 35% Beth. Steel (B). 57% 56% 57 57% Cal. Pete 48 47 47% 48 Can. P. Ry 122 121% 121% 121% Central Leather 31% 30% 31 30% Candler Motors 50% 50% 50% 50% C. & 0 56% 50 50% 58 CM A St. Paul 19% 19% 19% 19% CM A Sl> ptd 32% 31% 31 % 31% Chi. & North.. 07% 07 67% 07 C R IA- Pac... 32% 32 32% 32% C RlAPOpctp 71% 71% 7P. 71% Chili Copper... 15% 15% 15% 15% Chino Copper.. 28% 27% 27% 28% Coca Cola 40%. 30% 39% 40 * Colum. Gas 07% 00% 07% 67 Colum. Graph.. 8% 33% 3 C..C..C. & St.L. 55% 55% 55% 55% Cosden 0i1.... .'lO% 35% 30% 38 Corn Frods.... 97% 90% 96% 97 Crucible Steel.. OTVt 66% 66% 67% Cub. Am. Sugar 14 14 14 14 Cub. C. Sugar. 0% 6% 6% 6% Del. A Hudson.lo7% 106% 107% 106% Del. A Lack.... 119% 110% 118 ' 110 Erie 10% 10% 10% I(>% ! End icott 78% 78% 78% 78% I Earn. Plays 77% 70% 77% 70% Fisk Rub. Cos. 12% 12% 12% Gen. Asphalt... 70% 08% (',s% • Jen. Cigars.... OS 68 ” 08 .... Gen. Electric ..141% 140% 140’.'. 141%. Gen. Motors 11% 11 11% 11% Goodrich 56% 30% 36% 37 G. Nor. pfd.... 75% 74% 75 75 G. Nor. 0re.... 31% 31% 31% 51% Houston Oil— 81 SO 80 80% ! Haskell Barker 80% 80% 80% 80 i 111. Central..._ 99% 99% 99% 99 InspL Copper... 42% 41% 41% 42% Invin. Oil 12 11% 12 11% fndiahonia .... 4% 4% 4% 4% Inter. Harvest.. 83% 83%. 83% 84% inter. Nickel... 12% 12% 12% 12% Inter. Paper 55% 54% 54% 55 Island O. A T. 2% 2% 2% 2% K-Sfield Tire... 44 44 44 43% Kenn. Copper... 27% 36% 26% 20% Lehigh Valley.. 59% 58% 58% 58% Loews, Inc 14 14 14 14% L. A N 111 110 110 110 i Marine pfd 65% 64% 64% 64% May Stores 100 10748 107% 108 ; Max. Mot. (B). 13% 13% 13% 13% 1 Maryland 0i1... 20 2*5 26 | Mexican Pete... 116% 1'5% 116 116% 1 Miami Copper.. 23% 27% 28% 27% ; Mid. Sta’es Oil. 14% 13% 14 14% i Midvale Steel... 28% 28% 28% 28% Missouri Pac....17% 17% 17% 17% Mo. Pac. pfd... 46% 46% 46% 46% : Nat. En. A Etp. 38 37 37% 30% Nev. Con. Cop.. 15 15 15 14% N. Y. Central.. 75% 75% 75% 73% New Haven 12% 12% 12% 13 Northern Pacific 80% 79% 79% 79% , Pacific Oil 49% 40% 49% 49% Pure Oil 39% 88% 58% 39% I Pan.-Am. Pete.. 55% 53% 53% 55 ‘ I'enna. Ity 33% 33% 33% 32% ' People’s Gas 59% 55% 59 58% | Pierce Oil 12% 12% 12% 12% Pittsburgh Coal 64 03% 68% 64% Pimn. Pal. Car.lo9 1117% 109 11/71.. ! Ity. Steel Spgs. 91 ill 91 92% Reading 73% 71 % 73% 71% Rep. Irn. A Stl. 53% 53% 53% 53% Ryl. I6 h. N. Y.. 53% 51% 52% 51 Sears-Roebuck.. 58% 57% 58 58% Sinclair 23% 22% 22% 23% Slo?s-S. S. A I. 38% 38% 38% .... Southern Pac. , s>% Nl% 80% 80 Southern Ry. .. 19 19 19 19 Stand. Gil Calif. 96% 95% 95% Ik;% > Stand. Oil N. J.IBB 186% 1-6% 1*7% | St. L. AS.F.C. 21 Vi 21% 21% 21% i Strom. Carb. ~ 35 85 35 55% ; Stuaebake.- .... 81% *Bl% M M % 'Tel. Coil A 0.. 29% 29% 29% 29% ; Texas Cos 47% 47% 47% 47% Tex. A Pac 24% 23% 21% 23% Tob. Prod 63% 62%. 62% 03% Trans. Oil 11 10% 11 11% Union Oil 20 20 20 19% Union Pac. ...127% 12.','. 126% 126% 1 lilted It. S. .. 53V, 52% 52% 53 r. s. f. p. c. . i"% 10% 10% 10% I'nited F. Cos. .127 127 127 127 • I'nited Drug ... 72% 71% 71% 72 I I'. S. In. A. ... 39% 38% 89% 39% ’l'. S. Rubber... 55% 55% 55% 55% I'. S. steel 84', 84 84 K 4% j r. S. Steel pfd.113% 113% 113% 113% Utah Copper .. 6-1% 03 64 61% j Van. Steel 32% 32 32% 32% Vir-Car. Client.. 29% 29% 29% .... 1 Wabash Ist pfd. 20% 20% 20% 20% White Oil .... 11% 11 11 11% I West. Elec 50% 50% 50% 51 ! White Motors . 39% 39% 39% 39% ! Wiilvs-Uverland 0 5% 5% 6% Wilson A Cos. . 28% 28% 28% .... Woolworth ...130% 130% 130% 130 NEW YORK LIBERTY BONDS. —Dec. 17— Prev. High. Low. Close. Close r.. B. 3%s 94.98 94.94 94.90 94.92 L. B. Dt 4 1 96 9 I 97 OH 1.. B. 2nd 4s 96.70 96.76 L B. Ist 4%5. .. 97.20 97.10 97.20 97.20 1.. B. 2nd 4Vis. . 90.9 1 90 76 90.-2 90.92 L. B. 3rd 4%5. . 97.90 97.81 97 88 97.88 1.. B. 4th 4%5. . 97.34 97.22 97.26 97.22 Victorv 3%s loom 100.02 Victory 4%5. ...100 06 100.02 100.02 100.04

Weather

The following table shows (lie state of the w either at 7 a. in.. Dee. 17. 1'.*21. os observed ty U. S. Weather Bureaus: Station. liar. Temp. Weather. Indianapolis, Ind... 29.71 51 < loudv Atlanta, Ga 30.18 4S Rain Amarillo. Texas... 30.42 14 Clear Bismarck. X. D.... 30.08 lo Cloudy Boston, Mass 30.32 42 cloudy Chicago. 11l 29.06 42 Rain Cincinnati .0hi0.... 2!.80 56 Cloudy Cleveland. Ohio 20 86 50 Itain Denver. Colo 30.18 ‘>o PtCldy Bodge City, Kan... 30.36 16 Clear' Helena. Mont 30.14 18 Cloudy Jacksonville, Fla... 30.22 64 Cloudy Kansas City. Mo.. .30.04 22 Snow Louisville, Ivy 241.84 56 Rain Little Rock. Ark... 30.00 38 Cloudy T.OS Angelos, Cal... 30.08 58 Clear' Mobile Ala 30 01 66 Cloudy Xew Orleans. La... .30.0'! 68 Cloudy v W Vorh. X. v... 30.36 40 Cloudy Norfolk, Va 30.38 48 Cloudy "klali.ma City .... 30.32 26 Clear Omaha. Neb 30.14 IS Clear Philadelphia, Pa... 30.34 38 Cloudy Pittsburgh. Pa.... 30 04 48 Cloudy Portland. Ore 30.24 32 Cloudy Rapid City, S. D... 30.24 12 PtCldy Roseburg, Ore. ... 30.22 28 Cloudy San Antonio. Texas 30.24 41 Clear San Krnnciseo. Cal. 30.08 50 PtCldy St. Louis, Mo 29.78 40 Cloudy st. Paul. Minn 30.08 4 Cloudy Tumnn. Fla 30.18 62 PtCldy Washington, D. C.. 30.34 40 Cloudy WEATHER CONDITIONS. The storm in the central valleys Is moving slowly northeastward, with its renter this m rning over the I-ukes region. Since Friday morning it lias caused precipitation extensively over those districts. Southerly winds in front of the disturbance have occasioned much higher temperatures from the lower Mississippi and Ohio valleys eastward; but high northwest winds to lhe westward have brought decidedly collier weather, approaching cold wave conditions, from the northern Plains States and upper Mississippi Valley southward to Texas and the southwestern plateau. There has been some rise in temperature over the extreme northwest, however, and readings there are nt-ar or above the seasonal normal. J. H. A RXIINC.TON, Meti-orologict, XVeather Bureau, CHICAGO PRODUCE. CHICAGO. Dec. 17.—Butter-Receipts, 6.400 tubs; creamery extras. 45c; firsts, 34fi/41.-• packing stock, 23'fi24c, Eggs— Receipts, 2.900 cases; current receipts, 44e; firsts. 45ft/4flc; checks. 28<?/30e: dirties, 50(%32e. Cheese—Twins, new. PC w: daisies. ipc.<fi2oc; young Americas. 20r; longhorns, 2n , jc; pricks, 17ftfl8c. Live ponllry—Turkeys. 3so; chickens. Pic; springs, 21c; roosters. 15C,c: geese, 20c; ducks, 20c. Potatoes—Receipts. 33 ears Wisconsins. *1.70(ri1.80 150-lb. bag: Minnesota Whites, il.(X)(gl.70; Red Rivers. sl.Co<&l.Ta

RAIL ISSUES SHOW WEAKNESS General List Makes Gains After Early Weakness. NEW YORK, Dec. 17.—The stock market closed steady. The list ■showed a rallying tendency after most of the active issues had yielded from 1 to 3 points under heavy sales. Baldwin Locomotive, after being forced down to 96, rallied to 96%. Steel common closed at the low of the day at 84. Crucible Steel showed a loss of 2% points at 66%. Texas A Pacific Railway was strong, advancing over 1 point to 24% and Famous Player? was in demand making a gain of over 1 point to 77%. The sugar -stocks were weak, American Sugar yielding over 2 points to 51%. Rails were fractionally lower. Government bonds were unchanged and railway and other bonds steady. Total sales stocks were 436,500 Bhares; bonds, $6,650,000. Total stock sales, for Iho week were 4,573,500 shares; bonds, $38035,000. (By 'i'bo:a.on A McK nnon.) —Dec. 17— This has been a profit taking day in the stock market, and whenever there are any signs of long stock coming on the market, the bearish element here lose no time in participating, and 1011tribute their efforts toward depressing values. This is not at all unusual, and has its favorable side. It helps to maintain a better technical position than would otherwise be possible. We have had an almost continuous advance in the stock market for nearly five months, and more recently some of the less conspicuous issues have been made prominent, and in some instances advanced to higher levels, and this, as might be expected, has a tendency to create some doubt as to the future of the market, the thought being entertained by some that such moves, probably mark (he culmination of the advance. We are not disposed to regard the situation In that light. It is perfectly natural that inactive and inconspicuous stocks should occasionally move forward so as to be a little in line with prevailing values of the general market. So far as the future is concerned. we can see nothing that would suggest a culmination of the advance. As a matter of fact, we regard the past few months as merely marking the Initial stage of a market that may broaden and expand to an extent that now seems to many as unlikely. We have the foundation here, and business improvement will be more manifest this coming year. We continue to recommend the purchase of stocks on the reactions. TWENTY STOCKS AVERAGE. NEW YORK, Dec. 17.—Twenty industrial stocks Friday averaged 50.95, off .55 per cent. Twenty active rails averaged 74.3n up .IS per cent. CLEARING HOUSE STATEMENT. NEW YORK, Dec. 17.•- Exchanges. 1792.800,000; balances, $98.0o0,o00; Federal Reserve Bank credit balances, $78,900,000. Money and Exchange Indianapolis bank clearings Saturday were $2,722,000. For the week ending Saturday clearings totaled $18,873,000. NEW YORK, Deo. 17.-1 .eign cx change opened strong today with demand Sterling 2c higher at $4.18%. Francs advanced 4 centimes to 7.90 • for cables anil to 7.80 c for checks. Lire cables were 4 55%c; chock-. 4.54%e. Belgian franc cables were 7.00 c; checks. 7.50 c. Mirks were unchanged at' .(H(o(>%e. Guilder cables were 30.50 e; checks. :.d 48c. Sweden kronen cables were 24.70 c; checks, 24,65 c. NEW YORK BANK STATEMENT. NEW YORK. Dec. 17.—Average: Loans, increased $28,726,000; demand deposits, increased $53,288,000; time deposits, decreased $4,681,000; reserve, increased $lB.134.850. A uuul; Loans, increased $74,n; i'i.ikhi; demand deposit, Increased $9.8,;:io.ooo: time deposits, decreased $4,004,000; reserve, increased $26,736,390. MOTOR SECURITIES, (By Thomson A McKinnon.) —Dec. 17— —Closing— Bid. Ask. Earl Motors 5% 16 Packard com 7% 7% Packard pfd 67 69 Peerless 35 36 Cent. Motors com 6% 6% Pont. Motors pfd 85 fß> Hupp com 11 * 11% Hupp pfd 92 98 Reo Motor Car * .18% 19% Elgin Motors 2% 3% Grant Motors 1 1% Ford of Canada 255 260 Intern.it. Motor com 28 National Motors 1% 2% Federal Trin-k 15 17 l’aige Motors 11% 15% ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Dec. 17— —Opening— Bid. Ask. Anglo-American Oil 21% 21% Borne-Scrymser 320 3(0 Buckeye Pipe Line 83 85 Chesebrough Mfg. Cons 170 1.85 Continental Oil, C010rad0..122 127 Cosden Oil and Gas 6 8 Crescent Pipe Line 27 30 Cumberland Pipe Line 120 130 Elk Basin Pete 6% 0% Eureka Pipe Line 7S 82 Galena-Signal Oil, pr< f 100 106 Galena Signal Oil, com -10 44 Illinois Pipe Line 158 163 Indiana Pipe Line 82 84 Merritt Oil 0% 10 Midwest Oil 2% 3 Midwest Rfg 170 ISO National Transit 28 30 New York Transit 14.8 153 Northern Pipe Lino 90 95 Ohio Oil 278 283 Oklahoma P. A R 6% 6% Penn.-Mex 16 20 Prairie Oil and Gas 575 585 Prairie Pipe Line 225 232 Sapulpa Refg 3% 3% Solar Refining 350 373 Southern Pipe Line 77 83 South Penn Oil 220 230 Southwest Penn Pipe Lines... 50 55 Standard Oil Cos. of Kan 560 5,80 Standard Oil Cos. of Kv 440 450 Standard Oil Cos. of Neb 170 ISO Standard Oil Cos. of X. Y 3.80 383 Standard Oil Cos. of Ohio 38(1 400 Swan A Finch 40 50 Vacuum Oil 320 330 Washington Oil 34 38 NEW YORK CURB MARKET. (By Thomson A McKinnon) Dec. 17— Closing Bid. Ask. Acme Packing 35 50 Curtis Aero com 3% 4% Curtis Aero pfd 18 22 Goldfield Con 4 6 Martin Perry IS 18% Jumbo Extension 3 5 Imperial Oil (Del.) 10% 10% International Petroleum. 18% 17% Nipisstng 6% 7 Standard Motors 3% 4% Salt Creek 13% 13% Tonopah Extension 1 9-16 1% Tonopah Mining 1 7-16 1 9-16 United P 8 new 1 13-16 113-10 U. S. Light and Heat.... 90 93 C. S. Light A Heat pfd.. 95 100 Wriglit-Martin 2 5 Yukon Gold Mine C 0.... 13 10 IVi Jerome 20 32 New Cornelia 18% 18% United Verde 29% 30 Sequoyah 5 10 Omar Oil 72 73 Republic Tire 15 25 CHICAGO STOCKS. (By Thomson A McKinnon.) —Dec. 17 Open High Low Close Armour pfd. .. 92% 92% 92% 92% Carbide A Carb. 45 45 44% 41% Libby 5% ..... .... National Lea. .. 2% 2% 2% 2% Piggl.v Wiggly .30 30 29 % 29% Stcwart-Warner 24% Swift A Cos 98 Swift Int 20% 20% 20% 20% TOLEDO SEED PRICES. TOLEDO. Dec. 17.—Cloverseed—Cash, $13.15; December, $13.15; January, $12.95; February, $13.00; March, $12.95; April, $12.30 bid. Alsike—Cash. $11.07; February. $11.20 bid: March. $11.20 bid. Timothy— Cmsh, $3.12% bid; December, $3.12% bid: $3.12% bid; February". $ i.l,i; s.j.— o.

INDIANA DAILY TIMES, SATURDAY, DECEMBER 17, 1921.

New York Bonds (By Fletcher American Cos.) —Dec. 17— FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (unlisted) ss, Sept. 1, ’45. 73 74 Belgian 6s. Jan. 1. '25 95% 96% Belgian 7V2S, June 1, '45 104% 104% Belgian Bs, Feb. 1, '4l 106% 107',<s Berne Bs, Nov. 1, ’45 10.8 109 Chile Bs, Feb. 1, '4l 101% 102 Christiania Bs, Oct. 1, ’43 107 10S Copenhagen 5%5, July 1, ’44.. 87% 88 Danish Mur Bs, Feb. 1. ’46...107 10.8 Denmark Bs, Oct. 15, ’45 108 108% •Canadian 5%5, Dec. 1, '22... 91% 92% ♦Canadian 5%5, Nov. .1. ’23.. 90% 91% •Canadian 5%5, Nov. 1, ’24.... 90 91% ♦Canadian ss, Dec. 1, ’25 88% 89% 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 95 95% ♦Canadian ss. Oct. 1, ’3t BS% 89% ♦Canadian s%>s, Nov. 1, '53.... 92% 93 ♦Canadian 5%5, Nov. 1, ’34... 90 91% Canadian ss, Melt. 1, ’37 93% 94% ♦Canadian 5%5, Dec. 1. '37 94% 96 ♦French (Viet.) ss, Opt., '31.. 59 60% ♦French 4s, Opt., ’43 4.8% 50 French Bs, Sept. 15, ’45 99% 100% •Italian (war) 5s 35 36 Jap (Ist) 4%5, Feb. 13, '25... 87% 87% Jap (2d) 4%5, July 10, ’25.... 86% 87% Jap 4s, Jan. 1, ’3l 74 75 Norway Bs, Oct. 1, '4O 109 110 Sao Paulo Ss. Jan. 1, ’36 100% 101 Swedish 6s, June 15. ’39...... 95% 96 Swiss 5%5. Aug. 1. '29 95 % 96 Swiss Ss, July 1, '4O 113 114 U. K. 5%5, Nov. 1. ’22 99 % 99% U. K. 5% 5, Aug. 1, ’29 99% 99% IT. K. 5%5, Feb. 1. ’37 95% 95% Zurich Ss, Oct. 15. '45 108 109 Brazil Bs, June 1, 1941 101 104% French 7%5, June 1, 1941 94% 95% Uruguay Bs, Aug. 1, 1946 102 102% Argentine 7s. Oct. 1, ’23 99% 100% •Internal loans. CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s. Nov., ’25 100% 100% Am. Cotton Oil 6s, Sept. 2, ’24 95% 95% Am. Tel. 6s, Oct., ’22 100% 100% Am. Tel. 6s, Feb. ’24 99% 100% Am. Thread 6s, Dec.. '2B 100 100% Am. Tub. 7s, Nov., '22 100% 101% Amer. Tub 7s, Nov., ’23 101% 102% Anaconda 6s, Jan., '29 97% 97% Anaconda 7s, Jan., '29 101% 101 ws Anglo-Am. Oil "%s, Apr., '25 10R% 103% Armour 7s, July 15, '3O 102% 102% Atlantic Ref. 6%5, Meh., ’3l 101% 11X5% Bell T. of Cun. Vs. Apr., "25.. 100% 101% Bteh. Steel 7s, July 15, ’22....UK) 100% Beth Steel 7s, July 15, ’23 100% 100% Can. Pacific 6s, Mch .2, ’24..100 100% Cent. Arg. Ry. 6s. Feb.. ’27.. 90% 91% C , R. I. & I*. s, Feb., ’22 99% K Con. Gas Bs, Dec., ’2l 100% 101% Copper Exp. Bs. Feb. 15, 22 100% 100% Copper Exp. Bs, Feb. 15, ’23 101% 102 Copper Exp. Bs, Feb. 15. ’24 102% 103 Copper Exp. Bs. Feb. 15. ’23..t0;i% 104 Cudahy 7s, July 15, ’23 100% 101% Fed. Sugar 6s, Nov.. ’24 96% 97% Goodrich 7s, Apr., ’25 98% 98% Gulf Oil 6-. July, '23 09% 100% Gulf Oil 7s, Feb., '33 102% 11X3 Hocking Val. tis, Mch , ’21.. 97% 98 Humble Oil 7s. Mch. 15, ’23..100 100% Int. It. T. 7s. Sept., ’2l 72 73% K. C. Term 6s. Nov. 15. '23.. 99% 100 Kenu Copper 7s. Feb., '3O 10! 101% Ladedo Gas 7s, Jan., ’29.... 97 % 98% Proctor A G. 7s. Mch., '22 I(ni% I'o% Proctor & G. 7s. Mch., ’23....101% 101% Pub. S-r. N. J. 7s, Mch., ’22 100 100% It. J. Reynolds 6s, Aug.. ’22.. 100% 100-% Sears-Koebuck 7s, Oct. 15, '22 99% Phi Sears-Roebuck 7s. Oct. 15, '23 99% ‘.(9% Sinclair 7%5, May 15, '25 ... 99% 99% Solvity & Cic Bs. Oct, ’27 103% BM% Southern Itv. 6s. Mch., ’22.. 99% 99% S W Bell Td 7s. Apr. '25..100% KU% Stand. Oil (Cal.) 7s. Jan.. ’3l 105% 106% S. Oil (N. Y t 7s. Jan . '25 '3l 11*4% 10si , St. Paul C D 5%5. Dec. 15, '23 9*% 99% Swift 7s. Oct. 15. '25 100% 100% Texas Cos. 7s, Mch. 1, '23 100% 101 Utah Sec. 6s, Sept. 15. ’22.... 96% 97% Western El. 7s. Apr., 25 1n.3% li*l% Westinghouse 7s, May, '3l 104% 105%

Local Stock Exchange

—Dec. 17— STOCKS. Bid. Ask. Ind. Ry. A Light com 60 Ind Ry. & Light pfd 75 Ind pis. A S. E. pfd 00 Indpls. A N. W. pfd 00 Indpls. St. Itv .39 50 T. H„ T. A 1,, pfd 58 T. JL, I. A E. com 4 T. H„ I. A E. pfd 12 U. T. of Ind. com t*. T. of Ind. Is- pfd 7 U. T. of Ind. 2d pfd 2 Advance-ltumely com ... Advance-Iltimely pfd Am. Crcosollng pfd 92% ... Am. Central Life 150 Belt I! it. com 64 70 Belt It. It pfd 45 century Bldg. Cos. pfd 92 _ ... Citizens Gas Cos 25% ... Dodge Mfg. Cos. pfd 88 ... Home Brewing 49 59 Ind. Hotel com 62 Ind. Hotel pfd 94 Ind. Nat. Ins. 3% ... Ind. Title Guar. Cos 4.8 Inii. Pipe Lines Indpls. Abattoir pfd 41% 50 •Indpls. Gas 42% 51 Indpls. Tel. com Indpls. Tel. pfd 1 Mer Pub. Util, pfd 59 55 Nat. Motor Car Cos 1% 3% Pub. Sav. Ins. Cos 4% ... Ranh Fertilizer pfd 40 Stand. Oil of Indiana Sterling Fire Ins. Cos 7 8 Vat Camp lldvv. pfd 100 Van Camp Packing pfd...... 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. Cos. com 3% Vandalia Coal Cos. pfd 4% 8% Wabash Ry. com ... Wabash Ity. pfd BONDS. Broad Ripple 5s 56 ... indpls. St. Ity. 4s 51 53 Indian Ck. Coal and Mine 100 Ind. Coke A Gas 6s 83 89 Indpls. C. A S. 5s 91 ... Indpls. A Martinsville 5s 56 ... Indpls. North. 5s 38% 43% Indpls. A N. W. 5s 00 50 Indpls. A S. E. 5s 45 Indpls. S. A S. E. 5s 75 Indpls. St. Ry. 4s 50 56 Indpls. T. A T. 5s 72% ... T. if, I. A E. 5s 53 TT. T. of Ind. 6s 47 53 Citizens Gas 5s 80 86 Indpls. Gas Cos 78 .84 Kokomo M. A W. 5s 80% ... Ind. Hotel Cos. 2d 6s 96 Indpls. 1.. A 11. 5s 82 89 Indpls. Water Cos. 5s 91% 97 indpls. Water Cos. 4%s 74 82 Mi r. 11. AL. 5s 95% 99 New Tel. Ist 6s 94% ... New Tel. L. D. 5 93% ... Sou. Ind. Power 5s 88% •Ex-dividend. Local Curb Market (By Newton TodfD —Dee. 17— Am. Hominy com 14 20 Central and Coast Oil 2 Choate Oil Corp % 1% Columbian Fire Ins. Cos e 7% Comet Auto i 2 Dayton Rubber Units 60 69 Dictograph Prod, pfd 46 55 D. W. Griffith 9% Elgin Motor Car 3% 4% Federal Fin. Cos. pfd 76 86 Fed. Fin. Cos. com 122 129 Gt. Sou. I’roa. * Her 5 fl Indiana Rural Credits 50 60 Metro. 5-50 c Stores com 7 10 Mero. 5-50 e Stores pfd £4 29 National Underwriting 3% 5 Rauch A Lang Units 43 48 Rub.-Tex. Units 15 17 U. S. Automobile Units 67 77 U. S. Mtg. Cos. Units 150 162 BANK STOCKS. Commercial Natl. Bang .... 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.... 92 97 Wash. Bank and Trust C 0... 150 CLEVELAND PRODUCE. CLEVELAND. Dec. 17.—Butter—Extras, in tubs, 51%@52c; prints, 52%®53c; extra firsts, 50%@51c; firsts, 49%@50c; seconds, 41%®42c; packing stock, 28@29c. Eggs—Fresh gathered northern extras. 58c; extra firsts, 57c; Ohio firsts, new cases, 55c; old cases. 54c; Western firsts, new cases, 53c. Poultry—Live heavy fowls, 23@26e; spring ducks, 25@28c; turkeys,. 44@45c.

DEMAND FOR GRAINS SMALL Forecast of Cold Weather Causes Some Buying of Corn. CHICAGO, Dec. 17. —Grain values dropped on the Chicago Board of Trade today, largely due to lack of buying. There was no marked heavy selling, but the demand was not sufficient to absorb the small offerings. Receipts were small. Predictions of colder weather caused some buying of corn. Trade in oats was narrow and featureless. Provisions were higher. December wheat opened unchanged at $1.07% and closed off %c. May wheat opened off %c at $1.12% and closed down %c. July wheat opened off %e at $1.12% and closed down %c. July wheat opened off %c at $1.02% and closed up %c. December corn, after opening off %c at 46%c, was unchanged at the close. May corn opened up %c at 53%c and closed down %c. July corn opened unchanged at 54%c anil closed off %e. December oats opened unchanged at 32%c and closed up %c. May oats opened unchanged at 38c and closed up %e. July oats opened off %c at 38%c and closed up %c. (By Thomson A McKinnon.) Dec. 17Wheat—Export trade in Manitoba wheats shows a gratifying total for two days, and cash wheat in the principal milling market? presents considerable strength. However, these items have, not broadened general Interest, extreme dullness characterizing today’s session. The Grain Growers Association of Canada presents an estimate of throe Western province? in the way of crop and reserves, considerably below figures Issued by the Government. This estimate was without influence for the reason that the discrepancy is a matter of acreage, the association showing a smaller acreage than the Government. One helpful item in the entire 'situation is the relative strength in the Canadian market, Winnipeg May wheat being now only 2 cents under Chicago, against 6 cents a week ago. This is due to lighter oferings from first hands and a better export trade. Light snows have fallen' in eastern Kansas, but no precipitation where wanted. The market is not likely to di?play any strong tendency either way until there are developments sufficiently radical to stimulate the cash demand or broaden the interest in the market. Corn and Oats—The seaboard names Germany as again buying corn, but it seems to be in very small volume, sales from here being only 25,000 bushels. Business communities In the far West are organizing witli the idea of burning ! corn ins fuel, and aNo with the Idea lof accepting corn in payment for merchandise at 5 to lo cents above the present market values. Nothing has occurred to disturb the neglect which lias prevailed in both of these markets for some time. We feel that new elements, as they may appear, will be favorable to the holder. Provisions —A free movement of hng is expected in the near future. Products may sympathize moderately, but not to any great extent, as hogs are now relatively high. There stems to have been very little buying in the way of proaiding for future requirements. The situation is therefore a healthy one. CHICAGO GRAIN TABLE. , —Dee. 17 WHEAT— Open. High. Lofw. Cloio. Dec 107% 197% 1.06% 1.97% May.... 1.12% 1.13 1.11% 1.12% 1u1'v.... 1.02% 1.92% 1.92 1 02% Corn— Dee..,., .46% .46% .49% ,lb*-j May 53% ■""% .*>2% j-,* .lul’v 54% .54% -54% -■►('i DATS— „ , I Dee 52% .52% .32% .32% ! May 35 ••}) -'‘l* | July 38% .38% -8% -38 1 I PORK—•JaiI 11,0 |jan!~.. 8.67 8.67 852 865 i May.... 9.05 905 8.95 905 RlßS‘•'an l'’U Der.... . -M'i May 88% .88% .88 .BS v< j •Nominal. CHICAGO CASH GRAIN. CHICAGO, Dee. 17—Wheat—No. 4 red, si in; No. 5 northern spring. $195. Corn —No. 2 mixed. 47%e; S'". 2 white 47%e; No. 2 yellow, 47%M4He: No. 3 mixed. 44% (n:46c;'No 3 white, 41 qo 15’i''; No. 3 yellow, 434146 c: No 4 mixed. 41WH%c; No. 4 White, 44’.f<fl4%e: No. 4 yellow. IPo 11%*'. Oats—No. 2 white. 31Wi5,%0; No. 3 white, 34 '<1 35c; No. 4 white. 32%5} 33%c. TOLEDO GRAIN PRICES. TOLEDO, Dee. 17.—Wheat Cash. $1.17 <5 119%; December. $117: May, $1.24%: Ihi v $199% Corn —Cash. 53<vi54c. Oats —Cash. 39(ii.41c. Rye—Cash, 86c. Barley —Cash, 63c. PRIMARY MARKETS. (By Thomson A McKinnon.) —Dec. 17 KKCEII’TS Wheat Corn Oats a. Tnsenh . 20 990 57.000 I.O'HI Chlca -o . 'Js.IHHi 1.02J.900 164.000 Milwaukee .... 1.000 141.000 57.090 Minneapolis ...270iitl H.OOO 43.000 Duluth U 6.000 76.000 21.000 s;i 1 ..a 1 1vi . 77.0011 1.•3.000 .>2.000 Toledo ”.... 3,999 16.000 2.090 Detroit " 1000 4.0151 0.000 Kansas Ct'tV " .509.000 07,b00 11.000 Peoria . 1.000 40,000 32,000 Omaha S.ooo 153.000 32 ,000 Indianapolis .. 3,000 168,000 21,000 Tef vis 760 000 1,954.000 451,000 Year neo" 1 "99.000 l'dl.oo 411,000 ‘ * '—SHIPMENTS Wheat Corn Oats St Joseph 21.01 m 20,000 , i|,. 1 11900 £28.000 300.000 Milwaukee".'... 3.000 C.. 7000 53.000 Minneapolis ... 85.0 ii 38,000 102.000 Duluth ...... 11.000 VO | mils . 40,000 57.000 42.000 Toledo 11.000 2.000 9,000 Detroit 2.00 2.009 Kansas CitV ..193.000 30.000 19.000 ]V nr j n . 8,000 83,000 11.000 Omaha "" 49.000 94.000 6.090 Indianapolis •• 44,000 16,000 Totals .. 411.000 663,000 558.000 Year ago’.. 629.000 323,000 123,000 —CM AH ANTES— Wheat Corn Oats Philadelphia .. 74.000 Baltimore 80.000 231.000 Galveston 26,000 181,000 T o t a | g ivn.noo 412,000 Year ago ... 743,000 INDIANAPOLIS ( ASH GRAIN. —Dec. 17Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were; Wheat—No sales. f< ()n) _Steady; No. 3 white, 49(??19%o: N'O 4 white, 47ffJ!48e: No. 3 yellow. 49(d) 49 % 0: No. 4 yellow. 476/ (Sc: No. 3 mixed, 4S(jj4S%e; No. 4 mixed. 40%6t-f7%c. Oats— Steady : No. 2 white, 366/37c; No. 3 white, 356735%c. Hay —Steady: No. 1 timothy. $17,506/' 1R ' 2 timothv. $17(3)17.50: No. 1 light ,I,,’ver mixed, $16,506/; 17; No. 1 clover. 519@20. —TnspocMons— Wheat —No. 3 red, 1 car: No. 3 darknorthern spring, l car: sample, 1 car; total, 3 cars. „ . ... Corn—No. 3 while, 17 ears; No. 4 white, 8 ears; No. 5 white. 2 ears; No. 6 white, 1 ear; sample white. 1 car; No. 3 yellow 6 cars: No. 4 yellow. 11 cars; No. 5 vellow 17 cars; No. 6 yellow, 4 cars; No. 3 mixed. 2 ears; No. 4 mixed, 3 cars; total. 72 ears. Oats—No. 3 white. 6 ears; No. 4 white, 4 ears: total, 10 ears. Rvf —No. 3, 1 car. Hay—No grade, 1 ear. BOARD OF TRADE STATEMENT. The v.’eekly statement of the Indianapolis Board of Trade showing the output of flour by local mills, inspections for the week and'stock in store, follow: COMPARATIVE STATEMENT. Output >f flour— Bids. Dee. 17, 192. 8.02.) Dee 10. 1921 8.060 Dec 18, 1920 7,080 Dee. 20, 1919 14.468 —Bushels— Inspections for week— 1920 1921 Wheat 17,000 4,000 r oru 1,008,000 ij)9.000 Oats " 110.090 38.000 Rye .7 3.000 3.000 Hay—l 2 ears. STOCK IN STORE. Wheat. Corn. Oats. Rye. Dee 17 1921. .305.680 292000 453.500 Dee 18, 1920. .194,010 538,900 335,520 1,000 I Dec "0 1919. .467,090 33T.350 153,070 11,350 ‘

SWINE VALUES AGAIN LOWER Receipts of Cattle, Calves and Sheep Light. RANGE OF lIOG PRICES. Good Good Good Dec. Mixed. Heavy. Light. 9. $7.35® 7.65 $7.25 $7.65® 7.85 10. 7.75® 8.00 7.25® 7.35 - B.oo® 8.25 12. 7.50® 7.65 7.15® 7.25 7.75® 7.85 13. 7.15® 7.40 7.00 7.50@ 7.65 14. 7.50® 7.85 7.35® 7.50 7.85® 8.25 15. 7.40® 7.65 7.15® 7.35 7.65® 7.85 16. 7.25® 7.40 7.00 7.50® 7.60 17. 7.00 6.75® 6.85 7.25® 7.40 Swine prices again 3Ufered declines in trade on the local live stock exchange today. Values were 25 cents lower generally. Receipts ran close to 7,000, with 1,700 held over from the market of the previous day. Local packers established the market, buying heavy and medium swine generally, while the shippers followed the lead, taking the lighter grades. Receipts of cattle were light and prices ruled about steady. Thex-e was an exceptionally good demand for bulls at steady prices. Speculators were the principal traders, but packers were taking a few cattle. Calves were weak to 50 cents lower, with receipts close to 300 and but little demand shown by shippers with Eastern city connections. Sheep and lambs were steady, with receipts around 200, the quality fair and the demand good. HOGS. Best light hogs, 150 to 180 lbs average $ 7.25@ 7.50 Over 300 lbs 6.65@ 6.75 150 to 300 lbs 0.756/, 7.50 Sows 5.50@ 5.75 Stags 4.00@ 5.50 Best pigs under 140 lbs 7.35@ 7.50 Top 6.85@ 7.25 -CattlePrime eornfed steers, 1,3C0 to 1,800 lbs 7.00@ 3.00 Good to choice steers, 1,200 to 1,300 lbs 5.50® 6.75 Good to choice steers, 1,100 to 1.200 lbs 5.00® 5.51 Good to choice steers, 1,000 to 1,100 lbs 4.50® 5.00 Common to medium steers, 800 to 1,000 lbs 3.00® 9.00 Good to choice heifers 5.50® 6.50 Medium heifers 4.00® 5.00 Common to medium heifers .. 3.25 (it 3.75 Good to choice cows I.OOw 4.75 Fair to medium cows I.oo® 2.50 Cutters 1.50(0 2.25 Canners 50@ 1.50 —Hulls—--1 >od to choice butcher bulls 3.00® 4.25 Bologna bulls 2.50® 3.00 Light bologna bulls 2.00® 2.50 Light to common bulls 2.00 —Calves— Choice veals 10.W)® 10.50 G.,od veals 9.00® 10.00 Medium veals 7.00/5 9.00 Light weight v i! 6 00® 7.00 Common heavyweight veals.. 4 00® 6.00 —Stockers and Feeders— Good to choice steers under 800 lbs 4.50 4.75 Medium rows 2.906/ 3o(J G and rows 3 ->041; 4.2.) C.1H..1 heifers 5.006/ 6.50 Medium to good heifers 4.906/ 4.1.1 Milkers 37.00® 10.00 —and Lambs— Ewes 100® 3.00 Bucks 2.00® 2 a0 Choice lambs 9.00®10.00 Seconds 6.00% ‘,2!) Buck lambs 5.50'u 6.7.) Culls 4.00® o 00

Other Livestock

I CHICAGO. Doe. 17.- Hogs—lteeeipts. I 8.00 b; market strong to 10c higher at the 1 opening; bulk f sales. $6.50®7; top, .<7:so- heavies. $6 656/6.70; mediums. $0.60 J 6;6..'v5; lights. $0,756/7; light lights, $6.95 ; /</7.25; heavy packing sows, smooth. $5.50 '06.35: parking sows, rough. $5,106/6; pigs, $7.15®7.40. Cattle —Receipts, 1,000; ■ market slow, steady. Sheep and lambs— Receipts, 3,000; market steady. CINCINNATI, Dec. 17—Hogs—Receipts, 2.809; market 25® 50c lower; heavies. e6.756i7.23: mixed, $7.25; medium., $7,256/7.75; lights and pigs. $7.75; : roughs, $5.75; stags, $4.50. Cattle—Ueeeipts, 359; market dull: bulls weak; eaives, $1". Sheep and lambs—lte- ! reipts, loo; market weak; ewes. sl6/4: choice lambs, [email protected]; seconds, SS; j culls, $4,004.10. CLEVELAND. Dee. 17.—Hogs Receipts, 2.960; market. 35c to 50c lower; yorker*. sv; mixed. $7.35; medium, $0.35; pigs. ss; roughs. $6; stags. st. Cattle Receipts. son; market, slow and dull. („%••<—Receipts. 1,060; market, about steady; top, sll. Calves—Receipts, 250; I market. Steady ; toi', $11.50. EAST ST. LOUIS, Dee. 17.— Hogs—ReI reipts. 9,o0: market, 10 cents lower ; ‘corkers. $6 756/7 : good heavies. $6.7561 j roughs. $5.506/5..85; ligi.;*. ; * 7 tv,' .i- $ bulk of sales, $6.90 0/71 5* Cal tie Receipts, 350: market, ste.i'iv; native beef steers, $5.7.)®7.50; \, iri[!,g steers and heifers. $7.50® 11 *. lev.". $3,596)5; st okers and feeders, $2.50 6/5.50; calves, $7.25®5; canners and cutters. $1,756/ 5. sheep and lambs—Receipts, none; market, nominal. EAST BUFFALO, Dee. 17.—Hogs—Receipts, 4.800: market slow; porkers. $7.75 ■,;s; pigs, $8 25® 8 50; mixed, [email protected]; heavies. $6,756/7; roughs, $5,756/6; stags, $46/1.50. ('"'tie-Receipts. 825; market slow; shipping steers, $7.756/9: butcher grades, $7.59®525: heifers. $5,506/7.50; cows. $26/7.75; bulls, $36/5.50; feeders, $5"1,5.50; milk cows and springers, $406/ 135. Calves Receipts, li*o: market slow; cull to choice, $56/ 12.50. Sheep and lambs ; Receipts. 4.t*Bi: market slow; choice lambs, $10,756/11.50; cull to fair. s7® 1 10.50; yearlings, $7®.9.50; sheep, $26/6.50. j PITTSBURGH. Dec. 17.—Hogs—Ile--1 olios, 2,100: market. 25 cents lower; i prime heavies, $7.25; mediums, $8.25; lies\ v vorkers. $8,246/8.40; light yorkers, $8.40(0,8.50: pigs. $8.50: roughs. $56/ 6: -t igs. S.", 506/4.50; heavy mixed, $7.4061; 7.60. Cattle—Receipts, loss than 100; market, sternly. Calves —Receipts, light; market, steady; veal calves, $12.50; heavy ami thin calves, $5.50®8.50. Slice;) and iambs—Receipts. 1.200; market, steady: primp wethers. $56/5.5(1; good mixed, s46f 14.50; fair mixed. $2,506/3.50: colls and j commons. sl6/1.75, choice lambs, slo.7>>. Temperance Union Plans Crusade on ‘Fays’ for Women War against the use of the cigarette among women, has been declared by the Marlon County W. C. T. U. Reports by various members of the increase in feminine cireles of cigarette smokers, proved the subject for heated discussion at a recent, meeting of the council, with the result that a committee has drawn up tht? following resolution: "Because we know (he cigarette to be one of the most harmful forms of pleasure to the youth of our land, and because we note with alarm ihe increasing use of same among our girls and young women, therefore, we the women of Marlon County Woman’s Christian Temperance Union, numbering 1,500, unanimously resolve to do ail in our power to discourage the sale and use of shopping bags, vanity boxes and all other Christmas novelties pertaining to cigarettes and its accessories, and we further deplore the fact that our reliable merchants advertise, exploit and offer same for sale.” A definite line of action for the "antifeminine cigarette smoking” campaign is to be outlined at the meeting of the council in January. Fire Destroys Frat House at Lafayette Special to The Times. LAFAYETTE, Ind., Dec. 17.—The Larbda Chi Alpha fratei-nity house, this city, was completely destroyed by fire late last night. It is believed a lighted match thrown In a dumb waiter started the conflagration. At the time the fire was discovered a dance was being given by the chapter house. The occupants of the building were n.ble to save part of their personal belongings, but the furniture and fixtures j wer a complete loss. The damage is estimated to be around $20,000.

In the Cotton Market NEW YORK, Dec. 17.—The cotton market was irregular at the opening today, prices being lo points lower at 10 points higher. The only feature was the buying of January against sales of May. Weekend realizing was in small volume. At the end of the first fifteen minutes the market was fairly active with prices holding around the initial levels. New York oepning cotton price?: December, $18.10; January, $17.80; March, $17.76; May, $17.37; July, $16.97; October, $16.33. The market was irregular in the late dealings, closing at net gains of 7 to 45. —COTTON FUTURES— Open. High. Low. Close. January 17.80 17.30 17. 7 1 i5.25 March 17.76 18.14 17.70 18.00 May 17.37 17.70 17.35 17.64 July 16.97 17.25 16.90 17.15 October ........ 16.33 16.50 16.30 16.47 December 18.10 18.40 18.05 15.45 —Cotton Review— NEW YORK, Dec. 17.—With the further advance in the cotton market today, we have recovered all of the loss sustained on the publication of the Governments crop estimate. The short interest in the market has been compelled to cover, because of an improved demand for spot cotton, and now that we are above the 18-cent level for January •'■ontraets, the same question will arise us to whether or not new speculation can be attracted to the market to help carry the visible supply. So far as the spinners are concerned, we doubt very much their following the market on bulges. Our previous experience lias been that after every advance Southern offerings increased, and it is more than likely that we shall have this same experience again. We can find nothing in the cotton situation at this time to warrant any further advances, unless perchance there is present an unusually large short interest, and as to this, of course, there is no definite information available. We do not regard purchases at this level with favor. CHICAGO MAN ARRESTED HERE Wanted in Windy City on Murder Charge. JamPs Fredericks said to be wa'ted for murder in Chicago was arrested at the Western Union telegraph office today by detectives from Chicago and by local detectives. Fredericks had been rooming at 1219 North Illinois street. The Chicago detectives carried with them affidavits charging Fredericks with burglary and vehicle taking, but the local police eny he will be charged with mur- ( der when he arrives in Chicago. He is supposed to have killed a night watchman there, they said. Fredericks was taken into city court, where he waived extradition. Fine and Days Given in Store Theft Case Addie Hood, 2120 Taris avenue, and Maggie Hays, negresses. were fined $1 and costs and sentenced to serve three days in jail today in city court by Judge Walter Pritchard on the charge of petit larceny. Testimony showed that the negresses entered the store of A. R. Collard, 627 Virginia avenue, and attempted to steal some merchandise late yesterday afternoon. Collard saw them leave the si ore and gave chase. They were caught at South and East streets. At the time of the arrest the Hays woman struck Collard. An assault and battery charge against her was dismissed, as were vagrancy charges against each of them. Harmonie Club to Entertain Orphans Over 800 children from the various orphans home and settlement b uses will be entertained by the llarir lie Club Monday afternoon at the Maso ■ Temple. The children's opera “Hansel and Grethel” is to be presented under the direction of. Mrs. Helen Warrum Chappell. The principal include: Mrs. Manilel Cline, Mrs. Reid Steele, Miss Julia Reyer. Mrs. F. E. Fenstermaker, Miss Mildred Daugherty, Mrs Charles Maxwell and Mrs. Chappell. Following the program, candles and popcorn bails will bo given the children. Mrs. James Moag, chair- , man of the organization, is in charge of the arrangements. Think Injunction Ends Egg ‘CornerCHICAGO, Dec, 17.—The ‘‘corner” or eggs which has caused the prices to advance steadily for several weeks, Isas been broken, officials believed today, by the injunction which prohibited speculation on the Chicago butter and egg board. Prices have fallen 10 to 12 cents a dozen since the injunction was issued, j eggs now selling for around 47 cents. , Marriage Licenses Clarence Kevser, 2826 Central ave 24 Dorothy Pray. 1244 E. Washington st. 29 Fred N'caie, Grand Rapids 51 Helen Delker, 3054 N. Capitol ave 36 Paul Waggoner, s'. M. C. A 21 j Alisa Craig. 411 N. Delaware st 28 final Snvder, 1141 McLain st 34 j Minnie Taylor. 1141 McLain st 10 | Edward Wahl. 63S N. Meridian st 21 j Nonnie Bonwitz, 638 N. Meridian st... 19 Wallace Bishop, 518 N. Alabama st... 24 La Yanne Kennedy. 440 Massachusetts 23 Births John and Elcie Davis, 3433 W. Wash- ; ington, boy. . , S James and Edna Bailey, city hospital, boy. Augustus and Ruth Beaveu, city hospital, girl. Chester and Leora Offutt, Northwestern, girl. Rallis and Bell Lasley, 1133 >andarann. hoy _ Paul and Helen Ruffin, l>3o Prospect, gii i. Charles and Blanche Commons, Long Hospital, boy. Roy and Anna Robbins, Cl 2 Exeter, William and Bradshaw, 354 N. Addison, boy. W. C. and Barbara Dammoyer, 2119 Singleton, hoy. Edward and Josephine Speth, 2140 S. Delaware, boy. , , , Clarence and Helen Volz, 072a Oak, boy. Forest aud Myra Wood, 272S N. Capitol, girl. Deaths John Betner, 65, Methodist Hospital, acute cardiac dilatation. Anna K. Tompkins, 79, 0850 University, cystitis. . „ Mary Catherine Ryan, 66. 4422 E. Washington, eerebral hemorrhage. John Conroy Gehbauer, 28, Fletcher Sanitarium, iolar pneumonia. Mary I*. Miller, 44, 2215 E. New York, j carcinoma. .Tolin (iroil. 55, 1419 E. Michigan, broncho pneumonia. Rosalia E. Beckett. 55, 2926 Caroline, chronic nephritis. Dorothy Cnstner. 12 days. 515 Coffey, nonclosure of foramen ovale. Dora K. Bound. 52, 1320 W. Thirty-I Fifth, acute parenchymatous nephritis. Addie Geckler. 50. Deaconess Ilos- j pltal. general peritonitis. Belle Givin, 72, 2724 S. Meridian, dia- | botes meilitus. Ewing L. White, 56, 625 S. Meridian, j broncho pneumonia. Rosie M. Davies, 6 months, 1526 Byrum, broncho pneumonia.

Money to Loan on Mortgages STATE LiFEJNSURANCE

ERRING WIFE PERMITTED TO RETURN HOME Pritchard Remits Jail Sentence on Word Husband Will Accept Woman. A woman’s plea that she be permitted to reurn to her husband, who, it is understood, will welcome her back and give a name to the boy baby which accompanied the mother in the courtroom, caused Judge Walter Pritchard today to suspend a jail sentence when a fine was paid. The woman is Mrs. Viola Jansen, 28, who, in company with Walter Miller, 26, was arrested by Federal officers at 2117 North Talbot avenue. The couple came to Indianapolis from Cincinnati and white slave charges were placed against Miller, but it was decided to try the two on statutory charges in city court and permit the woman to return to her husband. At the time Mrs. Jansen and Miller were arrested the officers arrested Bart Kuse and Catherine Gindiing, also of Cincinnati, who were living at the Talbot avenue address under the name of Mr. and Mrs. Bart Anderson. They also were to have been tried on white slave charges but were brought to city court by Federal officers and tried on statutory charges today. Testimony showed that Miller lived in “Cincinnati but came to Indianapolis where Mrs. Jansen followed him and they lived at 1130 West New York street for some months. Kuse also formerly lived in Cincinnati and knew Miller. He was at Miller's home when the Gindiing woman came from Cincinnati to visit Mrs. Jansen. She remained in Indianapolis, living with Kuse under the name of Anderson. They moved to the Nortn Talbot avenue address and lived there fi e weeks before the Federal oficeri J made the arrest. J Both the women and the men were • each fined $1 and costs and sentenced to ! fifteen days in jail, hut on her promise j to return to Cincinnati the jail sentence against Mrs. Jamsen was suspended. ! Federal officers informed the court that Mrs. Jansen's husband would welcome ■ her back home at Cincinnati and would i provide for her and the child. DENTIST LOSES HIS CITIZENSHIP Dr. Max Hans Martin Now Man Without Country. I Dr. Max Hans Martin, 54, of Bonn, ' Germany, today is a man without a country. ! Judge Albert B. Anderson in Federal Court Friday afternoon was told that Dr. Martin, formerly a dentist in Evansville, came to the I'nited States from Germany in 1888, graduated from a dental school in Cincinnati and went to Evansville in 1892. lie was married there in 1902 and was naturalized in VanderLurg Circuit Court on June 17, 1905. In 1907 he went back to Germany and has lived there since, excepting for a short visit to America in 1913. A petition for cancellation of his American citizenship was filed a few months ago in Judge Anderson's court by the State , Department. Although Jame3 T. Cutler, an Evansville attorney, asked the court to dismiss the petition. Judge Anderson revoked Dr. Martin's citizenship upon the ground that he had taken up residence in Germany, the country from which he had come, two years after hi? naturaliz. tlon. The l;\w provides for revocation of citizenship if the subject returns to reside in the .country he has renounced within five years of the granting of ; naturalization. * REMEMBER MEN IN HOSPITAL Auxiliary Sends 1,500 Boxes of Candy to Ft. Bayard. Among those organizations prominent in Christmas charity work is the Marion County Council of the American Legion Auxiliary, which has shipped 1.000 boxes of candy to the tuberculosis hospital at Ft. Bayard, New Mexico. Women from twenty units of this organization worked until 11 o’clock last evening packing the candy at Indiana headquarters of the American Legion. Mrs. R. J. Jefferies, president, and Mrs. John Paul Ragsdale, secretary, are in charge of the work and the members of the auxiliary will assist the Americani Legion in packing hundreds of complete Christmas dinners for needy families of ex-service men. Those wishing to give name and address of persons who should receive these dinners are asked to call Circle 4104. > Finds Vanity Cases and Purse in Yard A few hours nfter they were reported stolen today. Aaron Harbin, 425 North Blackford street, informed the police he hnil found two vanity cases and a purse, all valued at about sl9 in his back yard. Ho located the owners through article* in the cases and purse. The purse was stolen from Edith Taggart and the vanity cases from Helen Moha, both of 323 North Blackford street. Mrs. Jeanette Willis, negro. 415 Muskingum street, informed the police that one of her roomers left this morning and later she discovered S3O in cash and live rings, valued at $235, missing. Women Invited to Attend Big Meeting Tomorrow will be ladies’ day at the “Y” big meeting at the English Opera House, it was announced today. Dr. Lincoln McConnell of Atlanta. Ga., who for many years has been prominent at the meetings, will be the speaker. Dr. McConnell went to college and studied law, but never practiced the profession, becoming a cowpuncher in Texas instead. For the last four years he has been a member of the Atlanta police force. His subject will be "Frogs and Pollywogs.” Tlie Y. M. C. A. Orchestra will give a thirty minute concert. Doors will open at 3 o'clock. City Receives Two Identical Bond Bids Identical bids for a SIOO,OOO twentyyear park bond issue were received today by Rol ert H. Bryson, city controller. from the Fletcher Savings anfl Trust Company and J. F. Wild & Cos. The issue is for the acquisition of the Disotte property east of Ellenberger Park. Both bidders offered 4Vi per cent, par and accrued interest. This is the lowest interest rate the city has been offered on its securities for many months.

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