Indianapolis Times, Volume 34, Number 194, Indianapolis, Marion County, 24 December 1921 — Page 13

STOCK MARKET SUFFERS FROM , REACTION TIDE Dullness Marks Trading and Irregularity Is Day’s Feature. RAILS ARE SLUGGISH Special to Indiana Daily Times and Philadelphia Public Ledger. BY MONITOR. NEW York, Dec. 24.—1n view of the reactionary tendency that has administer'd a slight check to bullish sentiment, it was to be expected that the market should register more or less holiday dullness and irregularity. Transactions barely exceed half a million shares, and the movements in the market Indicated hesitation and uncertainty regarding the Immediate outlook. The market had both Its strong and weak features. Coppers and equipments were among the strongest of the group, and several specialties ran up sharply. American Locomotive established anew high level by toucnlng 104, and Baldwin also was steady and higher. The copper stocks were helped by the Anaconda announcement of anew offer of stock. This resulted in good buying of Anaconda. American Smelting, and Utah Copper. United Drug, with an advance of four points, easily led the specialties. Texas Cult Sulphur was a close second. The rails were Inclined to heaviness. This w Vabout the only group in which selling establish losses appeared to reach / volume. The tendency seemed to be .ulte pronounced in the case of Chica. t & Northwestern. Generally speaking, however, sentiment was cheerful, and there was little disposition to look for an extension of the Reaction of the last two or three days. The recessions in Individual stocks here and there throughout the list have been quite marked, and to this extent and in this respect the technical position seems to have undergone a needed readjustment. Thla week’s decline of 1.9 per cent In the ratio of the camblned federal Reserve system to the basis of 70.7 may be construed as incidental to the season and the result shiefly of the additional volume of notes required by holiday business. The same tendency has been noted before this year on previous holidays, although it was not so marked, of course, as in the case of the demand for Christmas shopping. Further improvement is noted in the position of the weaker regional banks, all of which are now out of debt.—Copyright, 1921, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. ..The pre-holiday market, while relatively inactive, was not without its points of significance and interest. One of the former was the advance in Texas Gulf Sulphur to anew nigh record for all time. This property is controlled by one of the foremost banking groups whose securities in recent weeks have, with few exceptions, failed to participate in the advance. The movement in Texas Gulf Sulphur was taken by some observers to Indicate that this banking combination is not averse to constructive movements in the market. Announcement from Omaha that practically all of the trunk lines have voluntarily agreed to a 10 per cent reduction in freight rates on many commodities effective Jan. 1 was responsible for weakness in the rails. Those optimistically Inclined were cheered by the relatively small amount of this class of stocks -which came into the market. In one or Jtwo special Issues th>-re was pronounced weakness due to specific causes.

Chicago & Northwestern, which only recently sold at 71, made anew low price for more than thirty years, when transactions were recorded at 60%. So far as the financial statements of the company show, there is no cause for alarm and, in fact, a considerable part of t .e if-ent selling has been traced to establishment of Income tax losses before Jan. 1. This is one of the few issues in which such losses can be established in comparison with last year's prices. The St. Paul issues again were weak. President Byram. in response to queries sent to Chicago, said there is no reason for anticipating and difficulties in meeting maturities, and that all talk of serious financial trouble in the company la utterly without foundation. Selling to establish tax losses has leen a considerable factor in the decline of these issues. Firms which have been active in Burns Brothers insist the advance in that stock has not by any meaus culminated and ere, as they have been for several weeks, large buyers. There is no indication of any distribution by the group handling the stock in the market, although a considerable quantity is said to have been bought for cash by investors who see in the Farrell company merger enhanced profits for Burns Brothers. The copper stocks were among the strong features of the afternoon. Announcement was made by President Ryan that the Anaconda company will offer 223.125 shares of unissued stock to stockholders at SSO a share on the basis of one share of new stock for each ten shares now held. A syndicate has been organized to underwrite this stock. Buying In Anaconda was largely by traders who thought powerful interests behind the company would advance the price above the proposed subscription in order to make it attractive. There is every evidence that the motor | stocks are being groomed for the annual 'advance which occurs usually during the New York automobile show. The buying In Chandler and Studebaker hag been of a particularly impressive character. One firm which has in times past acted for interests connected with the company have been large buyers of Chandler Motors below 50. National Enameling and Stamping was mere active than in recent weeks. The selling is reported to have been of an excellent character, nnd was based on reports of increasing foreign competition. The first sales made in the new bonds of the American Sugar Refining Company were recorded on the curb market when 25 bonds sold at 98%. American Sugar wag firmly held throughout the day and professionals who have been short of the stock are reported on the floor as having covered their commitments in great measure. In spite of the wemlqg Inactivity of the market during the last ten davs, many stocks have had substantial reactions from their recent high prices. Houston Oil declined more than ten points, Utah Copper prior to Friday had lost five, Mexican Petrolenm eight. PanAmerican Petroleum more than seven, Ftandard Oil of New Jersey thirteen, Lima Locomotive eleven, and many others in proportion. The movements of these Individual stocks have borne out the suggestion of market commentators that the market could not be considered as a whole, but that individual technical position was the governing factor. Conservative houses are advising the purchase of those stocks, particularly the better grade rails, which have had a normal reaction. * Directors of the Corn Prolncts Refining Company met and declared the quarterly dividends on both the preferred and common stocks and the usual one-half of one per cent extra on the common. Corn Products declined sharply soon after the announcement, but rallied before the close. The rank and file of traders are bearish on the steel stocks. Many have taken the position on the short side in anticipation of poor earnings statements for the current quarter, which they anticipate. In well informed houses 'it is asserted that while the steel companies generally will not make favorable showings, the results of the last quarter will not be as depressing as were those of the second quarter. The unfilled tonnage statement of the United States Steel Corporation will, it is said, show a substantial increase, in unfilled orders, despite general opinion in the street to the con-trary.—Coprrigi-t, 1521 hs Public Ledger Company.

Stock Market Review

NEW YORK, Dec. 24.—The rally in prices, which started around noon yesterday, ran right through today’s session on the New York stock exchange. Coppers and rubbers led the advance and the net result was a recovery of probably 50 per cent of the losses in these groups sustained in the reaction which started on Wednesday and ran to Friday. Specialties were also strong with anew high record for Texas Gulf Sulphur. American Ice got within a point of its record high price of this year. Delaware, Lackawanna & Western led the rails with sales above 12L This represents anew high for the stock since the split up, two for one. It seems to be fairly well agreed that Delaware will shortly offer some new stock which will mean rights for shareholders. Most of the guesses as to the value of these rights range from $5 to $7 a share.

N. Y. Stock Exchange

(By Thomson & McKinnon.) —Dec. 24 Prev. High. Low. Close, close. Allied Chemical 57% 57% 57*4 57>4 Ajax Rubber... 16% 16% 16% 16% Allis Chalmers.. 38 374* 37% 37% Am. Agricul 29% 29% 29% 29% Am. B. Mag. Cos. 33% 33% 33% 333s Am. Car A Fdy.,142% 142% 142% Am. Can 33% S3 33 % 32% Am. Ice 76 75% 70 74% Am. In. Corp... 40% 40% 40% 40% Am. Linseed 32 32 32 32 Am. Loco 103% 103% 103V* -03% Am. S. & Ref... 45 43% 45 43% Am. Sugar Ref. 52 51% 52 51% Am. S. Tob. Cos. 31% 30% 31 31% Am. Steel Foun. 32% 32% 32% 31% Am. Tel A Te1..113% 113% 113% 113% Am. Tobacco ..131'4 131% 131% 131 Am. Woolen ... 79% 78% 79% 78% Atlantic Pete .. 24% 24% 24% Anaeda Min. Cos 49% 49% 49% 45% Atchison ....... 92% 92 92% 91% Atl. G. &W. 1.. 31 T ,s 31 31% 80% Baldwin Loco. . 90% 95% 98% 96% B . & O 35 35 35 35 California Pete . 49% 48% 48% 48 Can. I’ac. Ry.. 119% 119 119% 118% Cent. Leather . 30 30 30 30% Chandler Mot. . 47% 47 47% 47 Chi.. M. & St. P. 18% 18 18% 17% C..M.&.St.P. pfd. 31% 29% 31% 80 Chi. & North.. 63% 61% 63 47 Chi.. R. I. & P. 32 32 32 31% Chili Copper .. 16 15% 15% 15% Chino Copper.. 2S 27*5 2S 27 Coca-Cola 41 40% 41 40% Columbia Gas.. 66% 65% 65% 66 Columbia Graph 33 33% Cons. Gas 92 91% 92 Continental Can 48% 48% 48% 47 Cosden Oil 37% 36% 37 36% Corn Products. 96% 96 96% 95% Crucible Steel.. 65% 64% 65% 64% Cuban Cane Sug 6% 6% 0% 6% Del. & Hudson.lo6 105% 136 103 Del. A Lack... 121% 119% 120% 119 Erie 10% 10 10 10 Endicott 75% 77% 7S 78 Famous Players 77% 76% 77% 76% Fisk R. Cos .. 12% 12% 12% 12% Gen. Asphalt . 65% 65% 65% 64% Gen. Cigars 67% Gen. Electric .139% 139% 139% 139 Gen. Motors ... 10% 10% 10% 10% Goodrich 35% 85-% 85% 85 Gt. North, pfd.. 74% 74% 74% 74% Gt. North O. .. 32 32 32 In. Copper ... 40 89% 40 39 In. Oil 14% 13% 14 13% Indlahoma .... 3% 3% 3% 3% In. Nickel .... 12 11% 12 11% Inter. Paper .. 53 52% 52% 52 I. 011 3* Trans. 2% 2% 2% 2% K. C. South. .. 23% 23% 23% 23 K. S. Tire 42% 41% 42% 41% Kenn. Copper . 26% 26% 26% 26 Lehigh V 57% 57% 57% 57 Lee Tire 28% 28% 28% 29% Marine pfd 63% 63 63% 62% Max. Motor (B). 14% 14% 14% ...:. Mex. Petroleum. 114% 113 114% 112% Mid. States Oil. 14 13 14 13% Midvale Steel... 27 26% 27 26% Mo. Pac IT% 17% 17% 17% Mo. Pac. pfd... 4.% 45% 45% 45% Nat. E A Stamp. 7 36 37 36 Nev. Con. Cop.. 15 15 15 15 N. Y. Central (3% 72% 73% 72% New Haven.... 12% 12 12% 12% Nor. Pacific 78% 78% 78% 77% Pacific Oil 47% 47% 47% 47% Pure Oil 37% 37% 37% 37 Pau-Am. Pete 52 51% 52 51% Penn. Ry 33% 33 33% 33 People's Gas.,.. 62% 60% 61% 62% Pierce-Arrow ... 13% 13V* 13% 13% Pierce Oil Cc... 12% 11% 12% 11 Ray Copper .... 15 15 15 14% Reading 72% 71% 72% 71% Rep. I. & 5.... 51 50% 51 50% Replogle Steel.. 25% 25% 25% 25 R. Duth N. Y. 49% 48% 49% 49% S-Roebuck 59 58% 59 58% Sinclair 22% 21% 22% 21% Southern Pacific 79 78% 79 78% Southern Rv... 18% 18% 18% 18% Stand. Oil Cal. 94 93 % 98% 92 . Stand. Oil N. J. 182% 180% 181 178% Studebaker 79% 78% 78% 71% Texas Coal &O. 28 27% 27' . 27% Texas Cos 45% 45% 15% 45% Texas A Pacific 26'* 26'* 26% 26% Tob. Products.. 63% 62% 63% 62V0 Trans. OU .... 11% It 11% n Union Oil 18% 18% 18% 18% Union Pacific ..125 124% 125 124% United R. Stores 53% 53% 53% 53% I". S. Food Corp. 9% 9% 9% 9% United Drug 72 72 72 7.3% r. S. Ind. Alco. 39 38% 39 38% IT. S. Rubber... 54% 53% 54 53% IT. S. Steel 83% 83% 83% 83% Utah Copper 64 63 64 63 Wabash 6% 6% 6% Wabash Ist pfd. 20% 20% 20% 20 White Oil 11 10% 11 10% West. Elec 50% 50% 50% 50 White Motors... 37% 37% 37% 37% Wiliys-Overl'q . 5% 5% 5% R% West. Pac 16% 16% 16% 16%

NEW YORK LIBERTY BONDS. —Dec. 24 Prev. High. Low. Close, close. Liberty 3%s 94.40 94.10 94.30 94.10 Liberty Ist 4s Liberty 2d 4s 95.60 Liberty Ist 4%5. 95.62 96.30 96 32 90.20 Liberty 2d 4* is.. 96.00 95.72 05.90 95.80 Liberty 3d 4%5.. 97.40 97.20 97.40 97.20 Liberty 4th 4%5. 96.40 96.24 96.40 96 24 Victory 3%s 100.04 100.00 100 04 100 04 Victory 4%s 100.04 100.00 100.04 100.04 CHICAGO STOCKS. (By Thomsen & McKinnon.) —Dec. 23 —Dec. 24Open. High. Low. Close. Carbide & Carbon. 43% Libby ’5% Mont.-Ward 13% National Leather... 2% 2% 2% 2% Piggly Wiggly 30 30% 30 80 Stewart-Warner ... 24% 24% 24% 24% Swift A Cos 97 ... .... .... Swift International 23% 23% 22% 23% Terse Market Notes NEW YORK, Dec, 24.—Price reductions of SIOO to $240 were today announced on Hudson and Essex automobiles. A banking syndicate is now offering an isue of $5,000,000 United Cigar Stores Company 7 per cent preferred stock at $lO3. According to a report of the Federal Reserve Bank, Christmas sales of de partment stores in New York City and vicinity this year far exceeds the sales for the Christmas season of 1920 and of the year before. A world shortage of ;oppeer is predicted by Vice President Channing of the Miami Copper Company. He says that the present supply will last the world only fifteen years and that new deposits must be found if the world is ofto have sufficient supply of copper to carry on its work. The estimated surplus of that metal at the beginning of the year 1921 was 17,000,000 pounds, and that surplus, it is said, will have been used up early in 1922. According to a report on the budget for 1922, t>e French debt has increased 150 billion rrancs since the close of the recent World War. CLEVELAND PRODUCE. CLEVELAND, Dec. 24.—Butter—Extra In tubs, 49%@50c; prints. 50%®51c; extra firsts, 48%@49e; firsts. 47%®48e; seconds, 40® 40%e; packing '•tock. 25%@ 26%c. Eggs—Fresh gathered, northern extras, 52c: extra firsts, ',lc; Ohio first, new cases, 49c; old cases. 48c; western firsts, new cases, 47c. Poultry—Live, heavy fowls, 24@25c: spring cuils, 16® 18c: ’spring ducks, 27@30c • turkeys, 53c. Sweet potatoes—Jersey s, $2 per hamper; potatoes. $2 [email protected] per 150-lb bag; Michlgans, $2.90: early Ohlos. $2.60 per 120-lb. bag.

STOCK MARKET CLOSES STRONG Standard Oil of New Jersey Shows 3-Point Gains. NEW YORK, Dec. 24.—The stock market closed strong today, many leading issues being in good demand. Crucible Steel moved up 1 point to 65%, and United States Steel touched 53%. Standard Oil of New Jersey showed a gain of 3 points at 182%, and Lacka wanna was 2% points higher at 121%. The St. Paul issues were, strong, the common advancing 1 point to 18% and the preferred rose nearly 2 points to 31%. Chicago A Northwestern was another strong feature, moving up 2% points to 63. Government bonds were unchanged and railway and other bonds steady. Total sales for the day were 278,600 shares: bonds, $5,180,000. Total sales stocks for the week were 3,443,600 shares; bonds, $99,375,000. CLEARING HOUSE STATEMENT. NEW YORK, Dec. 24—Exchanges, $658,600,000; balances, $58,700,000; Federal Reserve Bank credit balances, $55,000,000.

Money and Exchange

Indianapolis bank clearings Saturday were $2,761,000. For the week ending Saturday clearings totaled $16,203,000. NEW YORK, Dec. 24.—The foreign exchange market opened strong today. Francs rose to 7.95 c for cable and to 7.97 c for checks. Lire were 8% points higher at 4.40%c for cables and 4.45%c for checks. Belgian franc cables were 7 64c and checks 7.65 c. Marks were up 1 point at .0063%c. Guilder cables were 36.63 c; checks, 36.60 c. Swedish kronen cables were 24.90 c; checks, 24.85 c. NEW YORK BANK STATEMENT. NEW YORK, Dec. 24.—Averages— Loans, increased. $24,943,000; demand deposits, increased. $3,546,000; time deposit, deacreased. $1,803,000; reserve. tleacreased, $3,771,170. Actual—Loans, decreased. $14,253,000; demand deposits, decreased, $23,584,000; time deposit', increased, $472,000; reserve, decreased, SB,665,710. MOTOR SECURITIES. (By Thomson A McKinnon) —Dec. 24 —Closing— Packard com 7% 7% Packard pfd 65 67 Peerless 34 36 Continental Motors com 6% 6% Continental Motors pfd 85 90 Hupp com 11% Hupp pfd 92 98 Reo Motor Car 17% 18 Elgin Motors 1% 2% Grant Motors 1 1% Ford of Canada 250 255 International Motor com 27% National Motors 1% 2% Federal Truck 15 17 Paige Motors 14 15 Republic Truck 7% ACTIVE OU STOCKS. (By Thomson & McKinnon.) —Dec. 24 • —OpeningBid. Ask. Anglo-American Oil 17 17% Borne-Sory tner 320 340 Buckeye Pipe Line S3 85 Cbesebrough Mfg. Cons 170 190 Continental Oil, Colorado .. .120 123 Cosden Oil and Gas 6 8 Crescent Pipe Line 27 30 Cumberland Pipe Line 115 125 Elk Basin Pete 6% 6% Eureko Pipe Line 75 78 Galena-Signal Oil, dref 98 103 Galena-Signal Oil, com 40 42 Illinois Pipe Line 158 163 Indiana Pipe Line So S3 Merritt Oil 8% 9 Midwest Oil 2% 3 Midwest Kfg 170 180 National Transit 28 30 New York Transit 145 155 Northern Pipe Line 87 93 Ohio Oil 265 272 Oklahoma P. A U 5% 6% Penn. Mex 17 20 Prairie Oil and Gas 560 575 Prairie Pipe Line 220 227 Sapulpa llefg 3% ... Solar Refining 320 340 Southern Pipe Line 76 80 South Penn Oil 190 200 Southwest Penn Pipe Lines.. 50 55 Standard Oil Cos. of Tnd 87% 88 Standard Oil Cos. of Kan 550 575 Standard Oil Cos. of Ky 435 445 Standard Oil Cos. of Neb 100 170 Standard Oil Cos. of N. Y... 363 368 Standard OU Cos. of Ohio 394 400 Swan A Finch 35 45 Vacuum Oil soo 320 Washington Oil 3*2 37

New York Bonds

(By Fletcher-American Company.) —Dec. 24 FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (U.) 5s Sept 1, ’45 72% 73% Belgian 6s, Jan. 1, ’25 84% 95 Belgian "Vis, June 1, ’45 104 104% Belgian 8s Feb. 1, ’4l 105 106 Berne Bs, Nov. 1, ’45 106% 107 Chile Bs, Feb. 1, ’4l 100% 101 Christiania Bs, Oct. t, ’45 106% 107 Copenhagen 6%5, July 1, ’44.. 86 87 Danish Mun Bs, Feb. 1, ’46... 106 108 Denmark Bs, Oct. 15, ’45 107 107% •Canadian 5%s Dec. 1, ’22... 92% 93% •Canadian 5%5, Nov. 1, ’23... 91% 93 •Canadian 5%5, Nov. 1, ’24... 91 92% •Canadian ss, Dec. 1, ’25.... 89 % 90% Canadian ss, Apr. 1, ’20.... 95 95% •Canadian 5%5, Dec. 1, ’27... 92% 93% Canadian 5%5, Ang. 1, ’29... 96% 96% Canadian ss, Apr. 1, ’3l 94% 95% •Canadian ss, Oct. 1, ‘3l 89 90 •Canadian 5%, Nov. 1, ’33... 93 % 91% •Canadian 5%5, Nov. 1, ’34... 90% 92 Canadian ss, Meh. 1, ‘37.... 93% 94% •Canadian 5%5, Dec. 1, ’37.... 95% 97 •French (Viet.) ss, Opt. ‘31.. 59% 61 •French 4s, Opt. ’43 48% 50 French Bs, Sept. 15. ’45 99% 100 •Italian (W.) 5s 84 35% Jap (First) 4%s Feb. 15, ’25 . 86 87 Jap (S.) 4%5, July 10, ’25.. 86 87 Jap 4s, Jan. 1, ’3l 72 73 Norwav Bs, Oct. 1, ’4O 108% 110 Sao I’auio Bs. Jan. 1, ’36... 100% 100% Swedish 6s, June 15. ‘39 94% 95 Swiss 5%5, Aug. 1. ‘29 94 % 94% Swiss Bs, July 1, ‘4O 112 113 U. K. 5%5, Nov. 1, ‘22 100 100% It K. 5%5, Aug. 1, ’29 99 09% IT. K. 5%8, Feb. 1, ’37 95 93% Zurich ,Bs, Oct. 15, ’45 106 107 Brazil Ss, 6-1-1941 103% 104 French 7%5, 0-1-1941 91% 93 Uruguay Bs, 8-1-1946 102% 103 Argentine 7s, 10-1-1923 97% 98% CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s, Nor., ’25 . 99% 100% Am. Cot. Oil 6s, Sept. 2, ‘24... 95 93% Am. Tel. 6s, Oct., ’22 99% 100% Am. Tel. 6s, Feb., ’24 99% 100 A ip. Thread 6s, Dec.. ’2B 100 100% Am. Tob. 7s, Nov., ’22 100% 101% Am. Tob. 7s, Nov., ’23 101% 102% Anaconda- 6s, Jan., ’29 96% 96% Anaconda 7s, Jan., ’29 99% 100% Atiglo-Am. Oil 7%5, Apr., ‘25.. 102 102% Armour 7s. July 15, ’3O 101% 102 Bell Tel. of Can. 7s, Apr.. ’25. .101% 100% Both. Steel 7s, July 15. ’22.... 89% 100% Beth. Steel 7s, July 15, ‘23... 100 100% Can. Pacific 6s, Meh. -2, ’24 99% 100 Cent. Arg. Ry. 6s, Feb , ’27 89 90% C.. It. I. & P. 6s. Feb.. ’22... 99% 100 Con. Gas Bs, Dec., ’2l 100% 101 Cop. Exp. Bs, Feb. 15, ’22 100 100% Cop. Exp. Bs. Feb. 15, ‘23 100% 101% Cop. Exp. Ss. Feb. 15, ’24....102 102% Copier Exp. Bs, Feb. 15, ’25..103% 103% Cudahy 7s, July 15. ’23 100% 101 Fed. Sugar 6s, Nov., ’24 96% 97% Goodrich 7s, Apr., ’25. 90% 97 Gulf Oil Os, July, ’23 99% 100% Gulf Oil 7s, Feb., ’33 102% 103% Hocking Val. Cs, Meh.. ’24.... 96% 97% Humble Oil 7s, Meh. 15, ’23.. 9934 100% Int. R. T. 7s, Sept, ’2l 71 72 K. C. Term. 6s, Nov. 15, ’23.. 99% 100 Kenn Cop. 7s, Feb., ’3O 100% 101% Laclede Gas 7s, Jan., ’29 97% 98% Proctor & G. 7s, Meh., ’22 100 100% Proctor & G. 7s. Meh., ’23 101% 101% Pub. Ser. N. J. 7s, Meh., ’22.. 100 100% R. J.. Reynolds 6s, Aug., ’22..100% 100% Sears Roebuck 7s, Oct. 15, ’22 99(4 99(4 Sears Roebuck 7s, Oct. 15, ’23 99 99% Sinclair 7%5, May 15. "25.... 98% 99% Solvny & Cle Bs. Oct.. ’27 101% 102% Southern Ry. 6s, Meh., ’22.... 99% 99% S. W. Bell Tel. 7s, Apr., ’25.. 100 100% Stand. Oil (Cal.) 7s, Jan., ’31..106 106 Std. Oil (N.Y.) 7s, Jan., ’25-’31.104% 108% St. P.'U. D. 5%5, Dec 15, ’23 . 98% 99% Swift 7s, Oct. 15, ’25 99 % 90J4, Texas Cos. 7s, Meh. 1. ’23 100T6 101% Utah Sec. Sept. 15, ’22.... 96 97 Western £B, Apr., ’25 103% 103% Westlnghouse 7s, May, ’31....104 105

INDIANA DAILY TIMES, SATURDAY, DECEMBER 24, 1921.

SWINE PRICES SUSTAIN GAINS Only Feature of Livestock Is Light Receipts. RANGE OF HOG PRICES. Good Good Good Dee. Mixed. Heavy. Light. 16. $7.25@ 7.40 $7.00 $7.60® 7.60 17. 700 6.75® 6.*5 7.25® 7.40 19. 7.25® 7.40 7.15® 7.26 7.50® 7.75 20. 7.25® 7.35 7.00® 7.25 7.60 21. 7.15® 7.25 7.00® 7.16 7.40 22. 7.36® 7.60 7.16® 7.35 7.65® 7.75 23. 7.50® 7.65 7.35® 7.50 7.76® 8.00 24. 7.65 7.85 7.50® 8.00 With only 1,500 swine on the loca' live stock market today, prices were steady on light swine to 20 cents higher on heavies mixed and mediums. Local packers were not in the market. Shippers with eastern house connections were the only active buyers. Speculators bought a few hogs. There were less than 100 cattle tm the market and rrecuators were the only buyers. Prices were about steady. Veal prices were steady, with only fifty calves on sale. There were not enough sheep and lambs on sale to establish a market. HOGS. Best light hogs, 150 to 180 lbs. average $ 8.00 Over 300 lbs. ... 7.0® 7.50 .150 to 300 lbs 7.50441 8.00 Sows 5.5044 6.50 Stags 4.50® 5.00 Best pigs, under 140 lbs 8.00 Top 8.00 Bulk of sales 7.50@ 7.85 —tTittle— Prime cornfed steers, 1,300 to 1,800 lbs 7.00(2 8.00 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@ 5.50 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 Ox)® 5.00 Common to medium heifers .. 3.25® 3.75 Good to choice cows Aoo® 4.75 Fair to medium cows I oo® 2.50 Cutters 1.50® 2.25 Canners 50® 1.50 —Hulls— Good to choice butcher bulls 3.00® 4.25 Bologna bulls 2.50® 3.00 Light bologna bulls 2.00® —>o Light to common bulls 2.00 —Calves— Choice ve&ls 11.00®11.50 Good veals 10.00® 11.00 Medium veals B.oO® 9.00 Lightweight veals 5.50® 7.00 Common to heavyweight veals 4.00® 5.50 —Stocker* and Feeders — Good to choice steers under 800 lbs 4.50® 4.75 Medium cows 200® 3.50 Good cows 3 50® 4.25 Good heifers 5.00® 6.50 Medium to good heifers 4.00® 4.75 Milkers 37 00(375.00 —Sheep and Lambs— Ewes 100® 300 Bucks 2.00® 2.50 Good to choice lambs 8 00® 9.00 Seconds 5.50® 7.00 Buck lambs 5.00® 6.50 Culls 3.50® 4.00

Other Livestock

CHICAGO. Dec. 24.—Hogs—Receipts. 8.000: market active and steady to 15c higher; bulk of sales, $7®7.40; top. $7.80; heavies, $7(37.25; mediums, $7,104(7.40; lights. $7.35®7.80; light lights, $7.50® 7.80; heavy packing sows, smooth. $5.75® 6.10; packing sows, rough, $3.75®0.10; pigs, $7 35®f.80. Cattle—Receipts, 200; market slow, steady. Sheep and lambs— Receipts, 4.500; market slow, steady. CINCINNATI, Dec. 24.—Hogs—Receipts, 1,500; market, 25®65e higher; packers doing nothing; few early sales to shippers; heavies and mixed, $8®8.23; medium, $8.25®8.50; lights and pigs, $8.50 ®8.65; rough*. $6; stags, $4.50. Cattle— Receipts, 200; market steady; bulls weak; calves, sll. fjheep and lambs—Receipts, none; market nominal. EAST BUFFALO, Dec. 24 Hogs— Receipts, 1,120; market, active; yorkers, fS.oO; pigs, $8.5044,8.90; mixed. $8.25® .50; heavies. $7.75®8; roughs, $5.50®6; stags, $4.41.1.50. (Tittle —Receipts. 750; market, slow; shipping steers, $7.25® 8 50; buteher grades, ?7®B; heifers. s4®7; cows, $2.20®5.75‘ hulls, $3.25®5.25; fee 1 - ers, ss®6; milk cows and springers, s3o® 130. Calves—Receipts, 100; market, active; cull to choice, $54)13. Sheep and lambs—Receipts, 400; market, active; choice lambs, sll® 12; dull to fair, s7® 10.50: yearlings, s*@9.so; sheep, $24(6. PITTSBURGH. Dec. 24.—Hogs—Recelpts, 750- market, 10@35c higher; prime heavies, .75; mediums, heavv yorkers, light yorkers and pigs. *[email protected]; roughs, [email protected]; stags, s3®3 50; heavy mixed, $7,906/8. Cattle- Receipts light; market steady. Calves—Receipts, 100; market steady; veals, $11.50; heavy ami thin calves, $4.50@8,5(). Sheep and lambs —Receipts, 400; marker steady; prime wethers, $5,256(5.50; good mixed. $4.50@3; fair mixed, $3.50® 4.25; culls and common. sl@2; choice lambs, $11.50.

Local Stock Exchange

—Dec. 24 STOCKS. Bid. Ask. Ind. Ry. & Light com 00 Ind. Ry & Light pfd 75 ... Indpls. & S. E. pfd.. 60 Indpis. & N. W. pfd 60 Indpls. St. Ky $9 60 T. li., T. & L. pfd 59 T. H„ I. A E. com 5 T. H. f I. & E. pfd Df TJ. T. of Ind. com U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance-itumely com 9 Advance-liumely pfd Am. Creosoting pfd 92% ... Am. Central Life 150 ... Belt It. It. coin ‘0 Belt it. R. pfd 45% ... Century Blflg. Cos. pfd 92% ... Citizens Gns Cos 27 Dodge Mfg. Cos. pfd 88 •Home Brewing 43 ... Ind. Hotel com is) ... •Ind. Hotel pfd 95 ... Indpls. Nat. ins. Cos ••• Ind. Title Guarantee Cos • •• • Ind, Pipe Lines 79 84 Indpls. Abattoir pfd 41 o 0 •Indpls. Gas 43 50 Indpls. Tel. com 3% ... Indpls. Tei. pfd 90 ... •Mer. Pub. Util, pfd 48% 53 Natl. Motor Car Cos 1 4 Pub. Sav. Ins. Cos 4% ... Ranh Fertilizer pfd so ••• Stand. Oil of Indiana.../... 8o 88 (Herling Fire Ira. Cos 7 8 Van Camp Hdw. pfd... Y'an Camp Packing pfd 1"0 Van (’amp Prod. Ist pfd I"" Van Camp Prod. 2d pfd 109 Vandalia Coal Cos. com Vandalia Coal Cos. pfd 4 8 Wabash Ry. com Wabash Ky. pfd BONDS. Broad Ripple 5s 54 ... Citizens St. Ity. os 08 73 /a Indian Ck. Coal and Mine... ... 100 Ind. Coke & Gas 6s 83 8.1 Indpls. C. & S. 55....... 91 indpls. & Martinsville 55.... 65 ... Indpls., North. 5s 87 4^ Indpls. & N. W. 5s 47 oZ Indpls. & S. E, 5s Indpls. S. & S. E. 5s •• Indpls. St. Ity. 4s -si bo Indpls. T. & T. 5s 73 79 T. 11.. I. &E. 5s 50 ... U. T.,of ind. 6s 45 51 Citizens Gas 5s 8> 8( Indpls. Gas C 0...... 80 87 Kokomo M. &W. 6s 80% 90 Ind. Hotel Cos. 2d 6s 95% Indpls. L. & H. 6s . 81 89 Indpls. Water Cos. 55.. 9- 99 indpls. Water Cos. 4%s .4 8Mer. 11. & L. os 90 99 New Tel. Ist 65.. 4% ••• New Tel. L D, 6s 93% ... Sou. Ind. Power 6s BSYa •Ex-dividend. INDIANAPOLIS PRODUCE. Butter—Local dealers are paying, 40® 41c per lb. for butter delivered in Indi- ! anapolis. Eggs —Loss off, 4ic. Butter—Packing stock, 18c. Poultry—Fowls, 16®23c; springs, 19c; cocks, ll@12c; stags, 13e; young hen turkeys, 8 lbs. and up, 38c; young tom turkeys. 12 lbs. and up, 38c. old tom turkeys, 30@33c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 17c: ducks, 4 lbs. and up, 18c; geese, io lbs and up, 16c; rabbits, drawn, per dozen, $2; squabs, 11 lbs. to dozen, $6; young guineas, 2-lb. size, per dozen, $7 @8; old guineas, per dozen, $5. Butterfat —Local dealers are paying 42c per pound for all butterfat delivered In Indianapolis.

GRAINS MAKE FAIR ADVANCES Light Offering and a Good Demand Chief Factors. CHICAGO, Dee. 24.—Grain prices anvanced fractionally on the Chicago Board of Trade today during a dull and featureless session. Light offerings coupled with a heavier demand from commission houses caused the advance. Provisions were higher In sympathy with grains. December wheat opened at $1.13%, up %e, and closed up %c. May wheat opened at $1.17%, up V*c and closed at that figure. July wheat opened up %c at $1.05 and closed up %c. December corn opened at 49%c, up %c and closed up %e. May corn opened up %e at 55%c and closed up %c. July corn opened at 50%e, up %c aud closed up %c. December oats opened off %c, at 33%e and closed up %c. May oats opened unchanged at 3S%c and closed up %c. July oats opened off %c, at 39%c and closed up %c. (By Thomson A McKinnon) —Dec. 24 — Wheat—Outside of the fact that May wheat sold at anew high price for this turn, there was no special feature today. Realizing sales checked an advancing tendency. It was reported that the Oklahoma State report on wheat gave a condition of 47, as against 86 last yenr The primary receipts are still continuing to show moderation. c*xi wheat shows a hardening tendency. There was some export wheat injuiry at Omaha. The foreign and New York markets all being closed, nothing was expected In the way of export business. There should be a decrease in the visible supply next Tuesday. There were zero temperatures in part of Kansas this morning. Corn and Oats—Buying for the Russian relief totaiexl in the neighborhood of one million bushels which will come out of Eastern stocks in all probability, but that they will have to come West for corn is a foregone conclusion, and the situation should develop in both corn and oats in such a way as to give us a slowly hardening market with ultimately higher values. Had some strength of their own as well as reflecting the advance in corn. Provisions —The hog market was strong to 15 cents higher which kept that market firm, especially so as the cash trade for product is fairly good. CHICAGO GBAIN TABLE. ' -—Dec. 24 WHEAT— Open. High. Low. Close. Dec 1.13% 1.14 1.13 1.13% May.... 1.17% 1.17% 1.16% 1.17% July 1.05 1.05% 1.04% 1.05% CO UNDee 49% .49% .49% .49% May 55% .55% .55% .55% July 56% .57% .56% .50% OATS— Dec 33% .34% .34 .34% .May 38% .39% .38% .39% July.... .39% .40% .38% .39% PORK—•Jan 14.85 LARD— Jan 8.75 8.75 8.72 8.72 May 9.15 9.17 9.15 9.15 BIBS— Jan 805 8.05 8.00 8.05 May.... 8.15 8.25 8.15 8.22 R Y H Dec 84 .85% .85 .85 May a .. .91 .92 .91 .91% •Nominal.

CHICAGO CASH GRAIN. CHICAGO, Dec. 24.—Wheat—No. 2 hard j yellow, $1.15%. Corn No. 2 mixed, 50% (n 50c; No. 2 white, 50%c; No. 2 yellow, 50%@30%c: No. 3 mixed, 45%@49c; No. 3 white, 48%@49c; No. 3 yellow, 48%®' 48%c; No. 4 mixed, 47%@48%c. No. 4 white. 47%®48%, Oats—No. 2 white, 37% j ®3B%c: No. 3 white, 35%@36e; No. 4 white, 34%c. TOLEDO GRAIN PRICES. TOLEDO, Dec. 21.—Wheat—Cash, $1.24 @1.25%; December. $1.24; May, $1.30; July. $1.11%. Cora —Cash, 53@54e. Oats —Cash, 40%4 42%c. Rye—Cash, 90c. Barley—Cash, 63c. PRIMARY MARKETS. (By Thomson A McKinnon) —Dec. 24 Receipts— Wheat. Corn. Oats. St. Joseph.... 8,000 22,000 Chicago 35,000 632,0u0 184,000 Milwaukee ... 5.000 60,000 145.000 Minneapolis . 162.00X1 67,000 57,000 Duluth 48,000 41,000 39,000 St. Louis 58.000 27.000 26,000 Toledo 7,000 23.000 6.0U0 Detroit 2,000 5,000 4 000 Peoria 1.000 82,000 25 000 Omaha 29,000 87,000 26,000 Indianapolis... 8,000 64,0xX) 44,000 Totals .... 303.0000 1,130,000 556,000 Year ago... (Holiday). —Shipments— Wheat. Corn. Oats. St. Joseph.... 23.000 27,000 Chicago 28,000 302,000 159,000 Milwaukee ... 5.000 56.000 47,000 Minneapolis . 101.000 72,000 166,000 Duluth 2,000 Sr Louis 50,000 85,000 24,000 Toledo 37,000 6,04) 6,000 Detroit 2.000 4,000 Peoria 4.000 54,000 47,000 Omaha 34,000 61,000 8,000 Indianapolis 50,000 12,000 Totals 288,000 687,000 409,000' Year ago (Holiday). - ' ’ Wheat. Corn. Oats, Boston 16.000 Philadelphia 17,000 21,000 New Orleans. 36,000 Galveston 18,000 Totals 55500?) 85,000 21,000 Year ago... (Holiday). INDIANAPOLIS CASH GRAIN. —Dec. 24Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were; Wheat -No sales. Corn —Strong: No. 2 white, 52@52%c; No. 3 white, 50%®'51c; No. 4 white, 48% ®4o%c; No. 3 yellow, 50%@51c; No. 4 vellow, 48%®49%c; No. 2 mixed, 50%<5 hie; No. 3 mixed, 49%@50c; No. 4 mixed, 48® 49c. Oats—Steady: No. 2 white, 37@38e; No. 3 white, 36®.37%C. Corn—Steady; No. 1 timothy, $17.50®' 18; No. 2 timotjiy, sl7® 17.50; No. 1 light, clover mixed, $16.00® 17; No 1 clover, sl9® 20. —lnspections—• Cosm —No. 3 white, 13 cars; No. 4 white, 9 cars; No. 3 yellow, 7 cars; No. 4 yellow. 16 cars; No. 5 yellow. 13 cars; No. 6 yellow, 3 cars; No. 2 mixed, 1 car; No. 3 mixed, 6 cars; No. 4 mixed, 10 cars; No. 5 mixed, 1 car; No. 6 mixed, 3 cars; total, 92 cars. Oats—No. 2 white, 4 cars; No. 3 white, 11 x-ara; No. 4 white. 2 cars; sample mixed, 1 car; total. 18 cars. Hay—No. 3 timothy, 1 car. BOARD OF TRADE STATEMENT. The weekly statement of the Indianapolis Board of Trade, showing the, ontpiu of flour by local mills, Inspections for the week and" stock in store, follows: COMPARATIVE STATEMENT. Output of flour — Bbids. Dec. 24, 1921 8,733 Dec. 17, 1921 8.025 Dec. 24, 1920 5,898 Dec. 27, 1919 .....11,878 —Bushels — Inspections for week— 1920 1921 Wheat 20,800 5.000 Corn 753,000 202,000 Oats 222.000 110,000 R ye 1,400 None Hay—B cars. STOCK IN STORE. Dec 24. 1921. .250,060 347,000 435,000 Dec’ 24, 1920. .187.180 525,920 411,470 1,000 Dec! 27. 1919..412,850 433.140 132,210 4,110 WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying $1.12 for No. 1 red winter wheat; sl.lO for No, 2 red whiter 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 K rices for hay by the wagon load, (levered : Hay—Loose timothy, $16@17; mixed hay. sls® 16; baled hay, $16@17. Oats —Bushel, new, per bushel, 32®35c. Corn—Old. per bushel. 55®00c. TOLEDO SEED PRICES. TOLEDO, Dec. 24. —Clove-seed —Cash $13.60; Decx'inber, $13.60; January, sl3 20; February, $13.25; March, $13.20; April, $12.60. Alsike—Cash, $11.30; December, 11.30; February, $11.35; March, $11.35. Timothy—Cash, s3.l2Vj't December, ! $3.12%; January, s3.l2Afc; February, $3.17%; March, $3.25. £

Weather

The following table shows the state of the weather at 7 a. m., as observed by United States weather bureaus: Station. Bar. Temp. Weath. Indianapolis, Ind... 30.01 31 Cloudy Atlanta, Ga 30.14 56 Cloudy Amarillo, Tex 30.36 10 Clear Bismarck, N. D.... 80.54 -18 Clear Boston, Mass 29.96 36 Rain Chicago, 111 30.16 30 Snow Cincinnati, 0 29.94 34 Rain Cleveland, 0 33.04 30 Snow Denver, Colo 30.42 4 Cloudy Dodge City, Kan. 80.50 0 Clear Helena, Mont 30.24 2 Clear Jacksonville, Fla.. . 30.20 64 Clear Kansas City, Mo. 30.38 10 Cloudy Louisville, iiy. ... 29.98 38 Rain Little Rock, Ark.. 30.14 38 Cloudy Los Angeles, Cal... 30.16 50 Cloudy Mobile. Ala 30.08 66 Rain New Orleans, La 30.04 66 PtCldy New York, N. Y... 29.94 36 Cloudy Norfolk, Va 30.08 52 PtCldy Oklahoma City ... 30.42 12 Cloudy Omaha, Neb 30.52 -4 Clear Philadelphia, Pa... 29.94 40 Cloudy Pittsburgh, Pa. ... 29.96 .34 Rain Portland, Ore. ... 30.02 30 Cloudy Rapid City, S. D.. 30.50 -10 Clear Roseburg, Ore. ... 29.98 84 Cloudy San Antonio, Tex. 30.00 60 Cloudy San Franclso, Cul.. 29.94 50 Cloudy. St. Louis, Mo 30.16 16 Cloudy St. Paul, Minn 80.50 -14 PtCldy Tampa, Fla 30.18 62 Cloudy Washington, D. C.. 29.94 44 Cloudy WEATHER CONDITIONS. The storm traversing tile region from tlio Great J akes to Texas Friday morning is moving eastward, having caused very heavy rains in many parts of the middle >ilsls®ppl and Ohio valleys, while the cold wave following has pushed southeastward In its rear. 7/>ro temperatures are now rirportexl over the plains states as far south as Dodge City, Kan., and readings of from 10 to. 20 degress below zero prevail from tiie Dakotas eastward across the upper Mlslsslppl Valley. There has been a considerable rise lit temperature in jnMdlewestern Canada, due to a barometric depression that has made Its nppen-anre 111 Alberta. Knlns have continued In ports of the Pacific region, and snows have fallen In the middle Rocky Mountain States. WHITE RIVER CONDITIONS. At 7 a. m. today stages In Whits' River iverft tiff follows! Anderson, *.4, risinp; NoblesvlUe. 8.2. .lslng; Indiana polls. 91, rising; Klliston, 17.6, rising; Siioals. 16.8, rising; Decker. 15.0. rising. Heavy HMn as follows: Anderson. 1.27; Noblesville, 1.53; Columbus, 2.06; Decker, 1.82; Shoals, 8.00; Klliston, 2.05. Owl hut to heavy rainfall over the White River Valley In the middle and lower fork* and main *tram will exceed flood mark, but rise may b© checked bj free lug weather. h abmij|oton> Meteorologist, Weather Bureau.

Local Curb Market

(By Newton Todd) —Dec. 24 Am. Hominy com 14 20 Central and Coast Oil * ... SafiVSTfcuoi:’.:::: .* 8 Dictorgrapb irod. pfd 46 55 D \v. Griffith ” Klein Motor Car 3 4 Federal Fin Cos. pfd 70 SO Fed. Fin. Cos., coin... 122 129 i ot Sou. Prod. & Ref 6 ® Indiana Rural Credits 50 60 Metro. 5 50c Stores com 6 9 Mero 0-50 c Stores pfd 20 27 National Underwriting .... 3% 5 Rauch & Lang l nits 32 42 Rko -Tex. Units 15 17 t -I Automobile units 68 78 US. Mtg. Cos Units 146 160 BAN H (STOCKS. Commercial Natl Bank .... tl 81 Continental Natl. 8ank...... 109 116 Indiana Trust Cos 175 190 Indiana Natl. Bank 258 268 Merchants Natl Bank 280 Natl City Bank 105 110 Security Trust Cos ISO State Savings anil Trust 93 98 Wash. Bank and Trust C 0... 150

In the Cotton Market

NEW YORK, Dec. 24.—The cotton market is closed here today on account of the Christinas holidays. The market will also be closed next Monday. According to reports from Liverpool, the cotton market there will not resume operation until next Thursday. The produce markets are also closed. WHOLESALE FEED PRICES. Ton Cwt. Acme Bran $30.00 $1.55 Acme Feed 30.00 1.55 Acme Middlings 80.00 1.70 Acme Dairy Feed 44.00 2.35 E-Z-Dalry Feed 35 00 1.80 Acme H. & M 32.00 1.05 C O. A B Chop 25.25 1.45 Acme Stock Feed 28.25 1.45 Acme Farm Feed 32.00 X 65 Cracked Corn 30.00 1.55 Acme Scratch 85.00 1.80 S-Z-Scratch 32.50 1.65 Aitne Dry Mash 43 25 820 Acme Hoc Feed 38 25 1.95 Ground Barley 87.75 1.95 Ground Oats 32.25 1.70 Horn lick Yellow 29.26 1.55 Relied Barley 37 75 1.95 Ground Oats 32 25 l.io Rolled Barley 37 75 1.65 Alfalfa Mol 83 00 1.70 Cottonseed Meal 48.00 2.45 Linseed Oil Meal 50.00 2.55 Chick Mash 48.25 2.30 Tankage 55.50 2.90 Meat Scraps 80 00 4.50 D Light Scratch 86 00 LBS

lake Assurance Doubly Sure i fWhen Applied to Advertising Results By the Selection of Jti&iatta Jlailu limes A Circulation In Excess of 48,000 Copies and Growing Daily Going Into the Worth While Homes of this CITY and VICINITY Use TIMES Want Ads To Reach These People Call MAin 3500 and let us get you results on your ads

Lodge Holds Annual Officers* Election Lincoln Lodge Knights and Ladies of America have elected the following officers: President, Charles Wessmore; vice president, Lulu Simms; instructor, Hyatt Johnson; chaplain, Eunice Sluder; guide, Harry Johnson; secretary-treas-urer, Bennett McKibbon; escort, Mary Waymaa; watchman, Basil Coons; sentinel, Kenneth England; Lady Benevolent, Lillian Brown; Lady Justice, Caroline Hixon; Lady Columbia, Caroline Koger; Lady Liberty, Ethel Sluder, and pianist, Mabel Rose. A public installation will be held Jan. 4 in Moose Hall, 130 North Delaware street. SIX REPUBLICAN SENATORS TURN ON NEWBERRY Michigan Senator May Be Unseated Unless He Defends Himself. WASHINGTON, Dec. 24—An unexpected development which for the first time during the long fight over his campaign expenditures definitely places in jeopardy the senatorial seat of Truman Newberry has occurred in Republican Senate ranks. Six Republican Senators whose votes Newberry backers have claimed have served notice of Senator Curtis, Republican whip, that they will vote to unseat the Michigan Senator, unless he arises in the Senate and makes a defense of the money spent in his campaign against Henry Ford. Should Newberry fall to speak in his own behalf, as he has consistently declined to do ever since he was indicted, the addition of the six Republicans to the anti-Newberry ranks would make his unseating probable when the vote is taken next month. From reliable sources the names of five of the six were learned. They are: Capper, Kansas; McNary, Oregon; Jones, Washington; Kellogg, Minnesota, and Willis, Ohio. It was believed by Senators In close touch with the situation that Senator Cummins, lowa, was the sixth member of this group. Republicans already said to be against Newberry are Borah, Kenyon, Ladd, Johnson, Le Foilette, Norbeek and Norris.

JAPS AND CHINA STILL DISPUTE OVER RAILWAY Deadlock at Washington Expected on Shantung Problem. TOKIO, Dec. 24. —Japan will refuse to sell the Shantung Railway to China unless given an opportunity to aid in its direction after the sale. A leading official of the foreign office made this statemen today. ‘•Japan is now formulating the position she will take in thxr expected deadlock of Shantung negotiations now going on in Washington," said this official. "It must be understood that Japan expects to take the stand of refusing to sell the Shantung Railway to China unless given an opportunity to aid In its direction. This is necessary for the good of all Nationals. Other problems remain to be settled in the Shantung discussion, such as the salt mines of the Tsing Tau penlsula. It must be remembered that the negotiations in Wrahington are being watched closely by the home government in Tokio. and that the last word in these negotiations will be said here." A cabinet meeting at which Shantung questions were to be the principal topics, scheduled for yesterday, was postponed until today. CHICAGO PRODUCE. CHICAGO, Dec. 24.—Butter—Receipts, 6.60*) tubs; extra firsts, 42@42%c; firsts. 35@40%c; packing stock, 23@83e. Eggs —Receipts. 4,500 cases; current receipts, 47®49c; ordinary firsts, 43@45e; checks. 28®S0c; dirties, 30@32c. Cheese—Twins (new). 19%c; daisies, 20@2()%e; Y’oung America, 21c; longhorn, 20%c; brick. 17%c. Live poultry—Turkeys, 40c; springs. 23c; roosters. 15%c; geese, 23c; ducks. 27c. Potatoes —Receipts, 22 cars; Northern White, $1.80@2 per 150-lb. bag; Minnesota Red Rivers, $1,85,

Money to Loan on Mortgages STATE LIFE INSURANCE CO.

GERMANY FACES SAD CHRISTMAS WITHOUT FUNDS Bankrupt Condition of Nation Makes Prospect Very Gloomy. BE® LIN, Dec. 24. —All Germany Is facing a ‘‘black Christmas" and the depression among the people is very deep. Not since war days has the Christmas season been shrouded in such gloom. Germany is virtually bankrupt and cannot meet her indemnity payments due in January and February. She has lost the rich mining and industrial zone of Upper Silesia. Her only other economic reservoir—the Ruhr —is threatened, by France in reprisal for nonpayment of Indemnity. Hopes of a foreign loan or foreign credits in England save been shattered. The return of Walter Rathenau from London empty-handed has convinced the Germans that they may not expect an indemnity moratorium soon. It begins to appear certain that the will put Germany Into a receivership and appoint a joint commission to control all German fiances. Even Premier Lloyd George, who had come to be regarded as Germany’s friend, proved to be only a “paper Santa Claus." Food is more plentiful, but not yet back to pre-war normal. Money has depreciated to such, an extent that, no matter how hig a man’s salary is. It usually costs him all he makes-to live. • There is a scarcity of fuel, also a housing shortage. In Berlin alone 170,000 families are suffering from the housing shortage. There is an atmosphere of nervous expectancy, although an attempted Uprising by communists appears less likely now than earlier in the year. NORTHER IN TEXAS. FT. WORTH, Texas, Dec. 24.—North and west Texas was swept today by the coldest Christmas weather in three years. The thermometers registered 27 degrees at noon and the mercury was still falling. Clouds promised snow.

START NEW YEAR RIGHT Every—Man—Woman—Child can now own SIOO in our Big Main Street Buildings. We have now arranged for you to pay $lO down and $2.50 week. Any—M an—Worn an—and—Child can be thrifty and save $2.50 week —for 36 weeks. Thrift is the beginning of all successes in life. You —Your Wise —Your Child will have a Happy Xmas, if you get each one share. If you really and truly intend turning over anew leaf for a PROSPEROUS—NEW—YEAR then clip and mail coupon for our 50-50 Partial Payment 1922 Prosperity Booklet, for it will be of help to you. Clip Here The Standard Evansville Realty Cos. 806 Kahn Bldg. Indianapolis, ind. Gentlemen: Without obligation, kindly send me your 60-50 Partial Payment, Prosperity THRIFT BOOKLET, and oblige. Name Address

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