Indianapolis Times, Volume 34, Number 198, Indianapolis, Marion County, 29 December 1921 — Page 10

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STOCKS CLIMB EARLY IN DAY, BUT SLIP BACK Failure of French U-Boat Proposal Is Cause of Brisk Selling. NEW YEAR IS PROMISING Special to Indiana Daily Times and Philadelphia Public Ledger. IJY MONITOR. NKYV YORK. Pee. ‘3.—Business on the Stock Exchange showed a considerable ißerea'a? in volume wi*b the activity •Specially pronounced in the morning xrh-p the whole list moved upward with •urying *xhibitions of firmness. The eciuipments were the early leaders, with sharp adv mccs in American Locomotive. Baldwin & Lima. Other strong features were furnished by the motors, with advances in Stndebaker and Chandler. Among thj active specialties were United States Rubber, American Ice. Sears - Roebuck. American International, international Mercantile Mir ire preferred and Wool worth. A sharp reaction set in later in the day. and many of the early gains were canceled. The active equipments slumped sharply, and the recession soon spread to other groups. It is probable the announcement of the Hat rejection of the submarine schedule by France was a factor in promoting the selling. Tb steel shares made a relatively good showing, and the rails displayed more activity and strength than they have exhibited for a week. Union Pacific advanced more than two points, although the gain was considerably reduced before 9 tive and higher. Xh weekly review of the Iron Age was quite optimistic over the outlook for the new year, which is believed to promise continued activity in construction, ns well as a sustained demand for pipe and tin plate. Attention is called to the activity in pig iron, although this is largely at ihe expense of prices.—Copyright, 1921, by Public Ledger Company. WALL STREET (.OSSir, By MONITOR Transactions of more than four hundred thousand shares in the first two hours of trading were accompanied by advances of one to four or more points" in various stocks. These levels brought profit taking sales in large volume with the result that sharp reactions occurred before the close. Fool managers were decidedly more optimistic tonight in the belief that banking Interests are not averse to a renewal of speculative operations on the constructive side. Movements gene-ally were mixed both during the early period of strength and the later period . t reaction. Some of the more active railroad stocks scored substantial gains trom their recent lows, yet while Union Pacific. Southern Pacific, Reading and St. Paul were advancing, other railroad stocks were laggards. The same was true in the industrial list. American Ice advancing five points, while the rest of the list was reactionary. The presidents of the American Ice Company and of the Allied Chemical and Dye have homes in the same suburb. Every resident who is interested in the stock market has been advised of an advance in these two stocks. These tips have hail wide circulation throughout the financial district with the result that on the publication of the statement of the American Ice Fompanv there was jubilation among this particular coterie of communtcrs. Announcements of further reductions It manufacturers of automobiles did not preveut the active stocks of this group being sought by firms which have been active in them. Stndebaker. Chandler Motors and Fierce-Arrow advanced on large transactions. Stndebaker making anew high for the present movement. The movements of these stocks are controlled by speculative groups, who have r.o fear of the action taken by other motor car manufacturers. Firms which were buyers of American Locomotive in the eighties were sellers of that stock to a limited extent, and giimed their attention to Railway Steel Springs. This company pays s per cent Aiikideiuls. as compared with 7 per cent for Baldwin and 6 per cent for American Locomotive. Traders feel if there is going to be a revival of the equipment business, as now seems probable. Railway Steel Springs is selling out of line with the other equipment stocks. The Anaconda Copper Mining Company is producing metal shingles, samples es which were shown here. They are slightly more expensive than wood, but considerably cheaper than either astestos or slate." They are made of an alloy of brass and copper, are one-tenth of an inch thick, and considerably longer than the ordinary shingle. Nail holes are provided at the top. while a narrow strip on each side is so arranged that it is bent to interlock with i f s neighbor. It is understood a considerable out put of these shingles will be produced at the plant of the American Brass Company. The copper stocks were tinder pressure from the opening, the selling being in the nature of profit taking in view ot the extensive advances, ranging up to more than 20 points, which have occurred in these stocks. There is no change in sentiment on the part of the big figures In the business, but speculators found profits too tempting to withstand. Directors of the Pittsburgh. Cincinnati. Chicago A- St. Louis, familiarly known as the Panhandle, passed the dividend <>n the stock of that company. Six months ago they postponed action on the 2 per cent semi-annual payment which previously had been paid. All but about 1 per cent of the stock of this company is owned by the Pennsylvania company, the directors of which met and declared the semi-annual dividend of 3 per cent. Announcement of new financing by the Internati mal Paper Company which i* is understoo l will develop soon after the first of tb year, was accompanied by an executive report in which emphasis was laid on foreign competition. Nevertheless someone was willing to take such offerings as cone to the market, and the stock closed within a fraction of the best price of the day. Firms which an; active in it are advising purchases coupled with the suggestion that gloomy reports be ignored. The quarterly dividend of 1% per rent was declared on the preferred stock. With the operating earnings figures of the Southern Pacific Railroad Company for eleven months available, together with Income derived from other sources, it is shown the 6 per cent dividend on the stock has been earned. As to how much more the company income was depends on the use made of the 513.750.900 which it received from the sale of its oil lands. No inkling has couie as to the use made of this sum. lint in well-informed quarters it is believed a substantial sum has been added to the company's net income.—Copyright, 1921, by Public Ledger Company. NEW YORK METAL MARKET. NEW YORK, Dec. 29.—Copper—Quie*; spot, December and January offered, 13c. Lead —Easy; spot, December and January offered, 4%r. Spelter— Quiet; spot arid December offered, sl.Ssc; January, offered, 51.90. NEW YORK COFFEE. NEW YORK, Dec. 29—Coffee values were steady in trade on the market here today, opening options being to 1 to 3 points high T. Rio No. 7 on spot sold at ft%*t9* a c per pound. NEW YORK RICE. NEW YORK, Dee. 29.—Rice values were steady on the market here today. t Domestic rice sold at per pound. NEW YORK PETROLEI M. NEW YORK, Dee. 29. Petroleum pi!;—s were firm in trade on the market here today. Pennsylvania crude selling at 54 per barrel. NEW YORK TURPENTINE. NEW YORK. Dec. 29.—Turpentine sold at 81 %c per gallon iu trade on the market here' today. NEW YORK HIDES. NEW YORK. Dec. 29.—Hide values were steady in trade on the market here today, native steer hides selling at l£%c ami branded steer hidt* at 15%c per pound.

N. Y. Stock Exchange (By Thomson & McKinnon) —Dec. 29 Prev. High. Low. Close, close. Allied Chemical 57'• s 57 57 51 1 Ajax Rubber .. 17>4 16% lt' 17% Allis-Chaliners.. 3S U 7•-- AS 38% Am. Agri 50% 29% 30% 30% Am. Beet Sugar 29% 28% 29% 28-% Am. B. Mag. Cos. 35 54 % 34% 35% Am. Car A F... 146 145% 146 146 Am. Fan 34 33% 35% 34 Am. H. &L. com 13% 13% 13% 14 Am. 11. AL. ptd 59 58% 58% 59% Am. lee Sl% 80 SO 80 Am. Inter. Cor. 41% 41 41% 42% Am. Linseed.... 31% 30 30 52% A. Locomotive 101 1 • 106% 107% 107% Am. Smelt. AR. 45%. 44 44% 45% Am. Sugar ltef. 33% 52% 53% 55% A. Sunia T. Cos. 34 52% 33%. 32% Am. Steel F 34'.'. 121% 35% 54%. Am. Tel. A T.. .114% 114% 114% 114% Am. YY'oolen 81% 80% 80% 80% Am. Zinc and L. 13% 13 13 11 Anaconda M. Cos. 49% 49'.'. 49% 49% Atchison 92% 91% 91% 92% All. G. A YV. I. 31% 30% 30% 52 Baldwin L0c0... 98% 97 97% 9.8 B. A 0 35% 54% 34% 35 Beth. Steel (B). 58% 37% 57% 57% Calif. Pete 48% 47% 47% 48% Canadian Pae..,l2t 120 120% 120% Central Leather. 30% 30 30 30% Chandler Motors 49%. 48% 49% 49% C. A 0 55% 55% 55% 56 I\. M. A St. P.. 19 1 1 18% 18% 18% C.M.ASr.P. pfd. 32% 31% 52% 31% Chi. A Northw.. 62% OIL. ;•_>% 62'.. C., B. I. A PaC. 52 31 % 31 % 52% U K I AT*. OF p. 72 ! > 72 72 71 U .R.I.AP. 7',e P- 84% 84% 84% >4% Uhili Copper.... It; 15% 15%. 15% Chino Copper .2 s 27% 27% 28- 1 Coca Cola ...... 42 - 4 41'4 42% *ll% Col. Fuel A Iron 25 25 25 2% .Columbia tins.. 05% 65% 65% 65% I Col. Graph .... 3% 2% 2% Cons. Gas 91% 91% 91% 92% I'on. Can 47 : - 4747% 4 s Cosden Oil .... 37% 36% ::o% 37% ! [Crucible Steel . 65% 65% 65% I Cuban Am. Sun. 14% 14 11 14% Uu!>an Cane ... 7% 7% 7% 7% ' Del A Hud... 107 10*1% 106'- 105% I Del. A Lark. . 119 116% 110% 117% Erie U'% In', 10% 10% I Kndieott 78% 7> 7' 7'% j Famous I’lav’s. 7 5 % 77% 77% 78% I FKk Rub 12% 12% 12% 12% 1 Gen. Asphalt.... 00% 04% 01% 65% General Cigars.. CS 07% 68 67% Gen. Electric 139% 139% 139% 139'... General Motors. 10% 9% 10 1":% j Goodrich 30 36 56 36% Gt. North, pfd.. 75% 75 '75'% 75 Gulf States Steel 40 45% 4.3%' 46% Houston 0i1.... 76% 76 76 77% Haskell Barker. 7s , 76% 75% 78% Illinois Central. 96';. 96% 90% 90% Inspiration Cop. 40% 4040 40% Invincible 0i1... 14% 14 14 14 Indiahoma 3% 3% 3% 3% Int. Harvester.. S3 82 > 82% 82% Int'l Nickel 12% 11% 11% 12% Inter. Paper.... 52% 51 % 51% 51% Isi Oil A Tr... 2% 2% 2% 2% K. South 23'% 23% 23 , 23% Kelly-Spring. .. 45% 42% 42% 42% Kenneeott Cop.. 27 26% 20% 27 Lack. Steel 45% 45% 45% 45% Lehigh Y'alley.. 57 50% 50% 50% Lee Tiro 25% 28% 28', 29 Loews. Ine 13% 13% 45% 13% Loft U.indv 9% 9% 9% 9% L. A N I"'% l"s% I*B% lfs Marine pfd .... 65% ot% 01 k 65% Mar. Motor 1It) 14 14 14 15% Mont. A Ward.. 14% 13% 14% 11% Mex. Petroleum 114% 1!3 1i5% 114% Miami Copper.. 27% 27% 27% 27% Middle S. Oil.. 15% 15% 15 , 15 ■[ Midvale Steel.. 27 20% 20% 27% Missouri Pac.... 17% 17 17 17% Mo. Pac. lty. p. 4. | 4.*% 40% 40 Nat. I!. A Stamp 35% 54% 55 36 Nevada U. Cop. 13 14%. 14% 15 N. Y. Air Brake 59% 59 5.9 59% X. Y. Central.. 75 74 75% 74% New Haven 12% 12% 12'. 12% Norfolk A YVest. 97 90 % 90% '97 North. Pac 7s', 77% 75% 7s Pae. Oil -'7% 40% 46% 47% Pure Oil 28 57 % 57% r.s Pan.-A. Pet 55 52 52% 55 Penna. Ky 23% 32', 32% 35 People’s Gas .. 63% 03 021 0.5% Pierce-Arrow... 14 i.;% u;% 14 Pierce tail Com. 12 1!% 11 % 12% Pittsburgh Coal 65% 63 08!% 65% Pressed S. Car. 64 c.;% 0,5% *>; PuLman P. Car 116% 107% 107% j 07% Ky. S. Springs 93% 93 95% 93 Ray Copper 15% 11% 11 , 15% Reading 73% 72% 72 . 75% Rep. I. A- Steel 52 .51 % 51% 52 Keplogle Steel.. 27 20% 20% 27 Key. D. of N. 5u% 50 * 50 " .Mi . Sears Roebuck.. 61% .59 on?; , Sinclair 21% 21% 21% 21% Stewart-YVarner 25% 24 24 25% Southern Pac... 79% 78% 7-'.; 7:0% Southern Rv.... 15),% ls% j,% Std. *Ol Calif... 94% 95% 95% 94' S*d. Oil, N. J...18J 179 179 182". St.L.AS.K. com. 21% 20'.’. 2t% 21% stromberg c.irb. 37 ;;o', .57% Stndebaker .... 82% Sl', s| , sjv, Texas Goal A < til 27% 20% 20% 27% Texas Go 46% 45% 40,% 40,% Tex. A Pae..... 2T% 26% 20', 2*i •, Tob. Products.. 03% r,2% 02'. 0.3 Transcont. Oil.. 11% 11 * li Union Oil IS% 18 is Ixl4 Union Pacific.. .120.1, 125% 125?, 120 Un. Ret. Stores. 52% 51', 52 52 U. S. Food Gorp. 10% 10% ]o% in'; United fruit .. 123 322 . 122'. 125 I United Drug 72 72 “ 72 U. S. Itnl. A1.... 4*l 58% U. S. Rubber... 55% 53', 53', 51' ‘ U. S. steel 84% v;;i. £3% st U. S. Steel pfd.. 114', 114% m% mi;. Utah Copper . *23% 02% 0.214 04 * Y’anadium Steei 32', 51% 31 •% ;{•_>% Vir-Car. Chem . 29% 2 V ', 28% 29% 'Wabash OX, i>% *;•% 0.1 *. | Wabash Ist pfd. 20% 2*> 20 2n% j White Oil in', 10 10 10', j YVestern Union Si', 90':; 91% I West. Klee 5T% 50% 51% 52% While Motors . 39% 58% ;;s% ;;:/.•' ! Willys-Overlan J. 5% 51 * 5% 54 . Wilson A Go. .. 28% 28% 2 5 % 27" j Worth. Pump. .45 * 44'- 44'". to ; Woolworfll "... 135'. 155% 125% 155% ! West. Pac 10% 15 15 10,% Wis. Central ... 25 * 25 25 NEW YORK LIBERT? BONDS. —Doe. 29 Prev. High. Low. Close. Gb.se, L. B. 3%x 94.7s 94.10 94.2*1 94 70 ! E. It. 2d 4s 968*1 90.50 90.50 90 8:1 1 E. B. Ist 4%5... 97.50 97.20 97.0*1 97.20 i L. It. 2d 4%5... 97 18 96.72 90 44 90 '.hi E. It. 3*l 4%5... 97.98 97.48 97.40 97.90 j E. It. 4th 4%5.. 97 00 97.10 97.1*1 97.3*1 Victory ;:%s 100.08 inner, ino.os loo.or Y'ictory 4%* lfituis lOo.ir 100.0$ ltfj.qtj In the Cotton Market NEW YOil\. Doo. I*o. Tbe cotton m irk*t opened *1 u and irregular today. , being 5 points lower to 5 points higher j on first sales. Japanese interests were good buyers 1 on March, and spot concerns and New ! Orleans purchased moderately. At the end of the first fifteen minutes the market was easier and off about 10 points front initial levels. New Y’urk onening cotton prices: January, 15.73 c; .March. 18.80 c; May. 1.5.32 e; July. 17.81 c; February. 10.92 c. Tlie market was featureless in the late . dealings. The close was steady at a net advance of 1 point to a net decline of 15 points. —Cotton Futures— Open. High. Low. Close. January 15.7;; is;mi 1575 js.sq March 18 so PS>2 15.0.3 is 7 7, May 18.32 18.53 IS.IS 18.31 July 17.84 17.87 17.05 17.8)1 October 16.92 16.9‘J 16.80 16.00 —Coton Review— NEW Y'ORK, Dee. 29.—After some moderate activity during the first few minj"t*‘S of today's session the market turned ‘lull and easier. There was a continuation *'f profit-taking by longs and some selli ins that was Influenced by sonic ’tanking troubles resulting in 'he closing of a ' iocal institution with connections in I Italy. In a general way, however, it may be j said that the market was a holiday as--1 fair, with a very decided tendency to reduce rather than increase commitments, las the market will remain closed from after tomorrow until Tuesday morning. ; Sentiment hero continues bullish, and while there is nothing In statistics to inI dicate any prospect of shortage, there is, nevertheless, a strong feeling that, with I busin* s growing better, spinners’ takings will continue large and tlnia create the necessity for a materially larger erep this coming year. And so" long as the trade continues of this opinion thorn is naturally to be expected a continued support on the reactions. LIVERPOOL, Dec. 29.-Spat cotton r.pt neil in fair demand today. Prleea wore steady and sales around 5.090 bales. American middlings fair, 13.91*1; good middlings, 12.21(1; full middlings, lt.SliLt middlings, 1T.46d: low middlings, 10.26*1; good ordinary, 8.71*1; ordinary, 7.78dl Futnres were quiet during initial trade.

SLUMP STRIKES STOCK MARKET Rails, After Early Strength, Suffer Declir.es. NEW YORK. Doe. 29.—The clack market closed weak today, sharp declines occurring in many issues. United States Steel yielded over 1 point to 83% and Baldwin Locomotive reacted nearly 2 points to 97%. Railroad issues were also in supply, Northern Pacific dropping about 1 point to 78. while Southern Pacific dropped 1% points to 78'i. Mexican Petroleum dropped from 114% to 143% and Standard Oil of New Jersey yielded 3 points to 179. Genera! Motors was in large supply, falling to 10, while GUnndler Motors recovered over 1 point to 49%. Governmetn bonds were unchanged and railway and other bonds irregular. Total sales of stocks for the day were 791,200 shares; bonds, $19,575,000. (By Thomson A McKinnon.) —Dee. 29 From n/uv until the close of business this year activity in the market is more likely to diminish. There is precedent ns well as reason for this. The practice of establishing losses is not an important element at pri sent, because of the change of tiie law and I lie recovery iu the value of most of our securities. Leaving out of consideration at this time the professional operations, which constituted a goodly portion of the day's business, we have before 11s for consideration only, the question of busli ss for 1922, because with money conditions easy and international affairs i less strained than at any time in the past few years, business developments should constitute the dominating factor. There is of course no absolute assurance. at tliis time, as to an entire year's business developments, but exp-rt opinion unmistakably gives room lor confidence, and in this connect)* n we call your attention to the very cheerful message of Federal Reserve Governor Harding. aud his views are in line with the expressions from so many leaders in business and finance that tbe pul lie ought to feel perfectly at ease on this Y\ hat will occur in our security mari l ets is not difficult to < unprohend. The I wave of investment which has hereto- ! fore been confined mainly to the bond department, will, in time, extend with full force into the stock market, and it ; is difficult to imagine such a situation | without material advances, and we, therefore, continue to recommend the ! advisability "f being prepared to take ' advantage of al! reactions. TWENTY STOCKS AVERAGE. NEW Y'ORK Dee. 29.—Twenty indus- , trial stocks Wednesday averaged SiVsip up 11 per cent. Twenty active rails averaged 75.58, up .17 per cent. ( LEAKING HOUSE sTYTEMENT. NEW Y<l ;K. D< c. 29. Exei ing 8077.0'*s> "'hi ; baiaie 'O. So7.7P"'*>; U d- • t il !:<•- rve Bank credit balances, $57.. 400,'10*h Money and Exchange Indianapolis bank charing* Thursday were >2.'dl.'ni. NEW YORK, Dee. 29 Foreign rx- • change • aed irregular today, with d-*-tna:i i 8 • rling unchanged at >1 19%. • Fraiu-s yield' and 2% ee’ititues to 8.1121; 15 ; ; eabl.-s .'U’d sill.- !• - elie.'ks. I.i Tl do • !i' - I 9 ' • atimes to 4 25e for cables niul 4.25 c for eh‘.ks Belgians fralu s xvi'e 1 ioi - low* r at 7.07 c for cables rind 7.'h- f r checks. .'arks were % of point higher at .*>*:,4%.- Guilder ea!>l. < were s'7"e; h'--ks. 30.68,'. Bw"di 1 cables were 25 02c, ch* ks, . ■ 17 NEW YORK < ALL MONEY. NEW YORK. Dee. 29.--Mon-y Gail money ruled 5 per <•■•it t; high 5 per cent; I low*. 5 j.cr cent. Time rat s, steady, all s'. 5% Time m<T-a■ nfile paper, stead; Sterling exchange was sti ady with t>•:si - i :i"ss iu Lank-rs' bills at $4.10% for dej maud. NEYV YORK (t It It MARKET. (By Thomson A McKinnon) -—i *cc, 29 - '.’losing Bid. Ark. A- me Fai-king 7p*> *>* • 'urlis Aero com 5% 'uri% Aero pfd 18 Gold field ' "a 2 j Jumbo Exi'-nsion 3 0 I Imperial "il (Dei.i 9% 9% : Internal ionul IVtr'deum. 10- S 17 i Niplssing o'i 6% Standard Motors 5% 5 % Salt Greek 12% 13 Tonopaii Extension 1 9-16 111 10 Tonopah Mining 3% 1% Uni'cd i' 8 new 2 2 3 16 U. S. 1, giit and Heat.... 87 I . .8. Eight A Heat pfd.. 1 1% j Wright-Martin 2 5 ! Y ukon Gold Mine < ■> 1% 1% I Jerome 25 3" 1 New * cirnclia 17 18 United Verde 28% 29% ! Sequoyah .5 1* * 1 bunr '*d 79 82 ; Republic Tire 1* 2*4 ! Boston and Mont 89 90 MOTOR SECURITIES. 'By Thomson A McKinnon.) —Dec. 29 - Opening Bid. Ask. ; Earl Motors 9 9% Packard coin 7% 7 - Packard pfd 63 61% - Gonlinenla! Motors coin 0% •'. % • < '"in iiuulal MoP-rs pfd 81 .8s Hupp com 11% 12 Hupp pfd 92 98 |R -o .Motor Gar 17% Is i Elgin Motors 1' -j 2% | Grant. Motors 1% 1% Ford of Gunada 25" 255 National Motors 1% 2% Federal Truck 15 17 Paige Motors II 15 . Republic Truck 7% 8% A* TIV K OIL STOCKS. (By Thomson A McKinnon.) -Dec. 29. - Opening Bid Ask ' Borne Servmser 32u Sl'l i Buckeye Pipe Line 84 85 j < 'liesebrougii Mfg. *.’ons 170 190 I Goiitiuental oil. id 171 jGosden * *ii and Gas 6 8 Un .scent Pipe l.ine 27 50 < umberlaud Pipe Lille 115 130 Elk Basin I*tde 0% 6% Eureka Pipe l.ine 79 81 Galena-Signal "ii. l’ref 9H 105 Galena-Signal Gil, Com 42 44 Ilinois Pipe Line 159 164 Indiana Pipe Line 82 <BS Merritt "il 9 9% Midwest "II 2% 3 Midwest ltfg 170 180 National Transit 28 30 New York Transit 142 117 Northern Pipe Line 90 95 Ohio "il 267 270 Oklahoma P. A It *'• 6% Penn.-Mex 17 19 Prairie "il and Gas 565 575 Prairie Pipe Line 223 228 Sapulpa Uefg 3% 3% Solar Refining 320 550 Southern Pipe Line 75 78 : South Penn "ii 195 200 Southwest Penn Pipe Lines . 50 55 Standard "il Go. of I ltd SB% ss% Standard "il Go. of Kan 505 580 Standard "il *'". "f Ky 135 445 Standard "il Go. of Neb 160 170 Standard "il Go. of N. Y'. ....303 371 Standard "il Cos. of Ohio ....390 405 Swan <!c Finch 25 35 Varmint "il 305 312 Washington Oil 32 37 CHICAGO STOCKS. (By Thomson A McKinnon.) —Dee. 29 "pen. High. Low. Glose. Armour pfd.... 91 % 92 91% 92 Armour Leather 12% Garb, and C'arb. 45 45 4 4 44 Libby. 5% 5% 0% Montgy.-YVard.. 34 34% 14 11 Natl. Leather... 2 2 1 % 1% Piggly Wiggly. 32% 32% 32% 32% Reo Motors.... 17% Sears-Roebuck.. 60 61 60 til Stewart-Warner. 25% 25% 24% 24% Swift ACo I*7 97 96% 96% Swift Internatl. 23 23 22% 23 NEYV YORK SUGARS. NEW YORK. Dee. 29.—Raw sugar values were, weak on the market here 4o day. Gulias sold at 3.37 c per pound, duty paid, and Porto Ricos at. 3.69 c per pound, delivered. Refined sugars, also, were weak, fine granulated being quoted No. 1 soft at Oe per pound. NEW FORK YVOOL. NEW Y'ORK, Dee. 29.—VVktoi prices were again steady iu trade on the market hc-ro today.

INDIANA DAILY TIMES, THURSDAY, DECEMBER 29, 1921.

New York Bonde (By Fletcher American Cos.) —Dec. 29 FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (unlisted) ss, Sept. 1, ’45 72% 73% Belgian 6s, Jan. 1, ’25 93% 93% I Belgian 7%5, June 1, ’45 104% 104% Belgian Ss, Feb. 1, ’4l 109 103% Berne Bs, Nov. X. ’45 106 107 Chile Ss, Feb. 1. '4l 101 101% Christiania Bs, Oct. 1. '45. 106 108 Copenhagen 5%5, July 1, '44.. 86 87 Danish Mun Bs. Feb. 1, ’46...106 107 Denmark Bs, Oct. 15, ’45 107% 108 ♦Canadian 5%5, Dec. 1, ’22.... 93 94% ‘Canadian 5%5, Nov. 1, '23.. 92% 93% ‘Canadian 5%5, Nov. 1. '24 91% 93 •Canadian ss, Dee. 1, ’25 oo'i 91% Canadian ss. Apr. 1, ’26 95% 93% ♦Canadian 5%5, Dee. t, '27.... 93 94% Canadian 5%5, Aug. 1, ’29.... 96% 97% Canadian 3s. Apr. 1. ’3l 94% 94% ♦Canadian ss. Oct. 1. ’3l 90 91% ♦Canadian 5%5, Nov. 1, ’33..., 94 95% ‘Canadian 5%5, Nov. 1. ’34.. 91% 92 Canadian ss, Midi. 1, '37 94 94% ♦Canadian 5%5, Dec. 1. '37.. ■"!% 97 ♦French (Viet.)-ss, Opt., ’31.. .. 61 ♦French 4s, Opt., '43 48% 50% I French Ss. Sept. 15, ’45 100 1"0% ; ♦ltalian (van 5s 33 34 i Jap (first) 4%5. Feb. 15. ’25.. 86'% 87 ; Jap (second) 4%5, July 10, '23 86% 87 ' Jap 4s, Jan. 1, ’3l 72% 77, ' Norway Bs, Oct. 1, '4O 10 > 110 I S.to l’aulo Ss. Jail. 1, ’36 1(10% 100% Swedish 6s, June 15, ’39 94% 94% ! Swiss s '-Is, Aug. 1, '29 95% 95% ! Swiss Bs. July 1, ’4O 113% 111 U. K. s'-s, Nov. 1. '22 100 100% U. K. 3%5, Aug. 1. '29 99 99% Zurich Bs, Oct. 15. '45 106 107 1 Brazil Bs. June 1. 1941 103% 104% I French 7%5, June 1. 8i11.... 91% 94% Uruguay S, Aug. 1, 1946 103 103% I Argentine 7s. Oct. 1, 1923 97 % 98 j ‘lnternal loans. CORPORATION BONDS, Bid. Ask. i Allan. Go. of Am. 7s. Nov. ’25. 99% 10"% i Am. Got. "il C.S. Sept. 2, '21.... '. 1% 95% I Am. T.d. 6s, <let., 22 1< 100% I Am. Tel. 6s, I eb.. "24 09 'i 100 jAm Thread <'.s. Dec.. '2B. 99% 1""% j Am. Tub. 7s. Nov., ’22 100% 101% : Am. T"i>. 7s, Nov., '23 101% 102% . Anaconda 6s, Jan., '29 97 97% lAua outla 7s, .1.111., ’29 100% 1"> , : Anglo. Am. "il 7%5. April, ’23.102% 102% Armour 7s, Julv 15. lnl , 102 Atlantic Ref. 6'js. Marsh, ’3'i.lo:’. 102% i Bell Tel. of Can. 7s. April. 100% B'th. steel 7s, Julv 15, ’22.... 99% I">% Beth. Steel 7s. July 15. '23....10*1 UNI", Gan. Pacific tls. March 2, '21... !>■.*% I*h Gent. Arg. Ky. 6s, Feb.. "27... 89 oo' j < . R. 1. ,v I*, '.is. l-'< I'., '22.... ‘.<i\ I'H> Con. 'ins s s, Dec.. '2l Il""% 101 < upper Fxp. Ss Feb. ]"•, ’22.l"** 100' . Copper Exp. ss, l-Vb. 15, ’23.101 loi% j Copper Ex;.. 8,. I-Vt . 15. ’24 V 2% Kk'l ; Copper Exp. Bs, Feb. 15, ’25.1".'!% lot Clidal)v 7s. July b% '23 lno%. 1"! F< and. Sugar 6s. Nov.. "21 '"'<%. 97% lino iri ti 7s, April. "25 9>!% 97 ! Gulf Oil 6s. July, "23 99 , ! Gulf "ii 7'. Feb.. '53 !"2% 8'5% ! 1!' (*k Vai. (is, March. ’2l 96% 97 . ! I limbic oil 7s. March 15. •.•;>% 1"" ' [lit. IS. T. 7s. 8- pl., '2l . 7" 72 Ik o T* r 6s. Nov. 15. '23. . ' '•% I**o K ' op-i'-r 7s l'< b . •.'.*'.. .. I'd 1"1 ’ ' |li dede Jus 7s, ,1 in., ’29 97% 98% ! Pro. -tor V '! 7s. Mare’n, '22... I"*' 1"'. : : Proctor A. G. 7- M r .1"!% I"i% ' Pub. Ser. N. J. 7s, March. ’22.1* 1 !"% l; .!. It-y nolds 6s. At: a,. ’.2. .10"% l "l’i 1 t ears R." bin k 7s. **' t. 15, '22. j 9' . ■ 8' !r Roebiiek 7-. "id. 1"'. '29,. 99 i Siielalr 7%5, May 15, '25. .. 98 % 99% jSoi'av *’i<- Bs, ".-(., ’27....101 Itr) ' Soi.t'. ••r 11 ltv. r,s. March. ’22..,. U>% ■ 8. W. T' !. 7-. April, 1‘" ■ ,s* tu " t' a t 7-2 Jan.. "■ % '■ St ted 1N Y >7s. J.tn., '2 : . 1 i it i % 108 ~ S- Pa'll ! H 5 s. 11,. 13, •_ :. !.,% !• j Swift 7s. " t. 15. '25 :9% 1" ' 17'. is G". 7s, 'i.tr'dt I, .1 < ! , 1"1% t 119 S•• r.s, s-pt 15. "22 ! 4 97 YVtstern El. 7s. April. ’23.G 103 i VY at gl use 7a, May, *3l Local Stock Exchange ; - Dec 29 STOCKS. Bid. Ask. Tml Rv. J, Light com '> In.l Ky. Light ptd 75 I Indpis. <k S. E pfd. 6" i !hd|ds. <V N. YV. pid 60 i Indpis. st. Ity 39 45 .. i T. >1 , T. A I<. • • T. 11.1 A K. com 3 T. H., 1 <v E I'd 12 ; ! . T. of Ind. ' 'till 1 T. "f Ind. Ist pfd 7 j I T. of I tit). 2.1 pfd 2 I Adv ae■" It ninety i "tit ... i t Attvnn'v Kumcl;. pfd | Am. ('rv sotttig pfd 92 ! Am Central Life I’ l '* I Belt K 1!. com 60 70 ; •Belt It K. pfd 4-V-i ... Century BltU;. Go. pfd 92% ... I'itl/. us *ins * 0 25'.-j ... Dodge Mfg. Go. pfd 8.8 •Home Brewing 43 ... Itul. Hotel com 65 Mud Hotel pfd 95 ... j Ill'll is. Nat. Ins. Go 3% ... j Ind. Title Guarantee Go ! ind. Pipe Lines 79 Indpis. Abattoir pfd it 50 .•Indpis. Gas B’. 50 Indpis. Tel. com 2 Indpis. Tel. pfd ... •Mer. Pub. Util, pfd is Natl. Motor ‘.;r Cos 1 3 pith. Sav. Ins. Cos 4% ... Knoll Fertilizer pfd 43 ... Stand, "il of Indiana 89 ... Sterling Eire Ins. < '<> 7 Van Camp Hdw. pfd I'"' Van l amp Packing I'd I**' Van Camp Prod. Ist pfd US' Van Gamp Prod. 2d pfd 1"" Y'a tidal la Goal Go. *"m \ and alia Goat 'pf'l 4 8 Wabash lty. coin 5% ... J Wabash lty. pl'd 19 ... BOM >B. Broad Kippb’ 3s M Citizens St. Ky. 5s 09 i Indian (V Goal and Mine.. ... 1"0 1 Ind. * 'ok** A Gas 6s 83 89 Indpis. G. i S. 5s 91 1 Indpis. ,x- Mai tinsvill; 7,.5.... 56 ! 1 eilpls. North. 5s 37 43 ‘ Indpis. 4: N. W. 5s 49% ... j Indpis. .V S. K. 5s 45 I Indpis. 8. A K. 5s 75 I j Indpis. St. Ky. Is 53 60 ! Indpis T. A T. 5s 74 79 ' T. 11.. I. A E. 5s 50 I . T. of ln l. r.s 45 51 Gitizens < i.ts 5s 81 . . . Indpis. Gas C" 81 90 Kokomo M. A W. 5s 81 91 Ind. Hotel <hi. 2d 6s 95 Indpis. E. A IX. 5s SI 89 Imipls. Water Go. 5s 92 Indpis. Water Go. 4%s 75 M r It. A E. 5s 96 99 New Tel. Ist 6s 94% ... New Tel. E. D. 5s 93% ... Son. Ind. Power 5s ... 88% •Ex dividend. Local Curb Market (By Newton Todd) —Dee. 29 Am. Hominy com 14 20 1 Central and Coast Oil 2 ... : Choate Oil Corp % 1% ■ Columbia Fire Ins. Cos f. 7% Comet Auto 1. 2 Dayton Robber Units 51 (il Dictorgraph Prod, pfd 46 55 D. YV. Griffith 8 9% Elgin Motor Car 3 4 Federal Fin. Cos. pfd , 76 80 Fed. Fin. Cos., corn X 22 X 29 Gt. Sou. Prod. & Kef 5 0 Indiana Rural Credits 50 Cos Metro. 5-50 e Stores com 0 ft Mere. 5-50 c Stores pfd 20 27 National Underwriting ...., 3% 5 Rauch & I.ang X'nits 32 42 Rub.-Tex. Units 15 17 I S. Automobile units 68 7s th S. Mtg. Cos Units 146 100 BANK STOCKS. Commercial Natl. Bank .... 71 81 Continental Natl. Bank loft Indiana Trust Cos 175 190 Indiana Natl. Bank 258 268 Merchants Natl. Bank 280 Natl. City Bank 105 no Security Trust Cos 130 State Savings and Trust.... ftl 98 Wash. Bank and Trust C 0... 150 >l4 CLEVELAND PRODUCE. CLEVELAND. Doc. 29.—Butter—Extras in tubs, 47ft/.47%c; prints, 48(S;lS%e; extra lirsts. 4tif*/,’46%c; firsts, 45f//45%e; seconds, 37%<5i38e; packing stock, 25@2<ic. Eggs—Freslt gathered, northern extras, 50c; extra firsts, 49c: Ohio lirsts, new eases, 47c; old cases, 46c; YVejStcrn firsts, new cases, 45c. Poultry—Live heavy fowls, 265/28c; spring culls, 10@18c; spring ducks, 30@32c: turkeys, 50c. I’otatics —Michigans, ?2.80 per 350-lb. bag; Early Ohios. $4.90 per 2-blt. bag. .Sweet l>fatoes—Jerseys, $2.10 per hamper.

•SWINE PRICES BREAK SHARPLY Fair Demand for Steers— Little Trading in Heifers. RANGE OF HOG PRICES. Good Good Good Dec. Mixed. Heavy. Light. 20. $7,256*; 7.33 $7,006/) 7.2.7 $7.50 21. 7.450- 7.25 7.004(1 7.15 V.-10 32. 7.3540 7.50 7.l,'i<f(/ 7.33 /.63@ 7.77 23. 7.50© 7.05 7.32© 7.50 7.72© 8.00 24. 765 7.85 7.50© 8.00 27. B.lo© 8.25 7.85© 8.10 8.35© 8.50 28. 8.35© 8.65 B.lo© 8.25 8.25© 8.80 29. 7.65© 7.55 7.50© 7.63 7.85© 8.25 With receipts around 10,000 and lower price tendencies oil other of the principal swine markets of ttie country, hog values were 50(p75e lower in trade on the local livestock exchange today. Bhippers established the market, buying toe heavier grades of hogs, while shippers followed the lead established by the packers, buying the lighter grades. Another contributing factor to lower prices, it is said, is the fact that markets everywhere have been out of lino during the last few days. Trade was active during the eariy hours of the forenoon and a fair clearance for the day was anticipated. Trade in cattle was not so active as on the market of Uie previous day. Prices, however, were steady to 25c higher. ; Steers were 20c higher generally, while j other grades were steady. .There was | iittle trade in heifers, due to the fact, 1 buyers stated, that commission men were i pricing them too high. Bulls were in | fair demand at steady prices, as were all ! grades of cows. j Receipts of cattle for Uie uay ran > close to 50". j Due to light receipts and keen coin- ; petition between shippers, veal aud calf I prices wore $1 higher generally. There I was a top of sl4 on choice Veals aud an extreme top of sls. Kce.-ipts lor the day approximated 300. Both sheep and imnb values were ; steady, with receipts around O'iO, the : quality fair to good and the demand 1 good. hoc;*. Vpst light hog*. 150 to 18^ lbs. averaged $ 7 Ss(<i 525 I Over 3*Bl lbs 7.256/ 7.50 150 to 300 lbs 7 50 i S''WS 7'.7'i i 6 sil Stags 1 "*)'./ 550 B st pigs, tinder ill* lbs 825 / - s') Bulk of sales.. *■&(%/ 8,00 —Cnttlft— Prime eornfed steers, 1,300 to J.BOO Hi- 7.00<2 8.00 Good to choice steers, 1,200 to 1,300 tbs 5.50(7? 6.75 Go "! to choice 3teer*. 1.100 to 1,200 tbs 5.00(/? 5.3) G to choice steers, 1,000 to 1.100 lt)S 4.50® 5.00 Common to medium steers, | 800 to 1,000 liis. .. 2.00 ii: 9.00 i Good l ) (toil ' 1 heifers *.s*'f<% t< .st .Medium heifer* 1 no'u •‘■6o ; ('"teuton tu medium heifers .. 3.75 ! (in. 1 to ehoiee cws "li e 4 75 i fair t.> medium cows 1 oo4? '- "J ! *’uttars i s' / 2.25 Cauuers 50(*i 1.39 —Bull*— • ii.*■*! to choice butcher bulls 3.uos( t B.q gnn bulls Eli. fit b.'togna bulls 2."*'ft [ Eight to c : mm. it bttils 200 —Calves—- < 'lt..;- -- \ ■ ;! * 1 ', * • II "o I tr ;tn* t p I'-' •> I vai- 17 ' •' • ' o • ' i v • it- . t: Eight vi-igl.C veals ♦> * 1" OutaiDuii i" h avyw igitt v -.tls *• ' v ."' l —’♦tockerv and Feeders—- • G 1 I to ehoiee stei-rs under B*lo lbs 4.56 :1 4 75 M . .. * ws 2-00 ; | G 0.l . ws 50'', 4 2 ' ti. ...| 1 i G'-rs 5 non 6 M-di-iei M g I heifers I"I ■■ 1.7 . j Milkers 37 00 75. and —Blteep and lautibv— Kw. s 1 ">%•: 3410 Bu ks . < 2.5*. G. 1 m oh-d e limits ..... i 8.- a . •'.*•" t 7 -Vi Bti.-k iambs 5.50*5# *; 7 . Cuiis -I.*V C o.tfJ Other Livestock ! * 'll I* 'A*Dee. -J'l Hogs Keeei;.*-. i 59,0*10 . n ark. t, 25 to 35 c-nts 1.. v.. r ; b-tlk j I.f 'v. 57.1" I 7.50 ; t"]>. 8s I" ; to I\ 87.10./7 ';o ti’ iliitinß7 2 . .'7.7V; light ; $7 • O ■/7 sit , ilg':' lights, .<7.87. ||S 10; .v p.o-king un* s, : s.t 1*)../*. 75; i..u s : i;.g sows, r-oigd, sV.ii'r/.i!.'.'2: pigs, j ' _'. *' ill!. It, -.dpi*. 12." oi. ! steady t" shade lower. Beef st. ors | t'heiee nud prime, ?s7.Valo; iiH.aii ". I i.o .m'.l, $•; ,'io'./',i; wi-.i.l and t huh .v .: M": •. nimon and inedtiim. s'. s liu'eher <-.i111.' Heifers. $3.50-' ■; cow-. ; s:’• 2o*.i ti; b ills, $3 r .u2i '. ,Vl. i'a t: i• rs : . • •utters lows and heifers. <2 7' V; • aniier sieers, s:>'./4; val • ilv. s, s7 , t.a2V; feeder sb.-rs, . .'i/ll.a0; sl - 'k' f si. -Tt. st.2'.'>/'* 40; st'icker rows and heifer , 1.7. V Sin- si and I nnl.s- Ive. i lpts, fi.issi. "narke*. siady; gond to eh limb-.. SlO 'si ./ 11.75 ; <-1111 and i ..[niucn '..m1.-. .<••••• I Mi. 25: yearling wiiti.is, $Vi/lt*ssi; ■w. . i $3 25' / 0.75 : cull aid eouiuca ewes, $2-./.,. b ed. r la ml s. ./ Iu 75. EAST BUIT'AL", Dee. 29. Hogs' R. i’elpt, 5.24.'; market, slow; Vi.rk'd's, Sft j fdi',2"; pigs. S'./! i ..'•* i; mixed. <s.7 ••'•/ a . h- a vies, ss.2o*'B.7i'; roughs, si'a/.; ; stags, ?Un4 5". Cattle Ke.-idpts. I s than !**); market. s|."' G.lives Ki eipts, ! 35<; market, active; .•hid' .', $11.7.. •/ 17.2',; cull to fair, s7*i/ll.5o; yearlings, ss... 10.59; stleep. s2',/6.5*1. CLEVER \ND. |). e. 29. lings Re ' eidpts. J’.OOO; imirkel 25e lower; yi.ik. rs, ss; mixed, $8 25; mediums. $8.2..; plv.-. : <9; roughs. >''..27; slags. $1.25. I'altl. lb *■ |j 1;s. ;;o(i; market steady; good 10 chub o sirs rs. Sda/O; good ehoiee. $5 /'■: good to choice cows. $3 507/ 1.51!; fair to good i'ii'vs, S'J.Vlb..' 3 50; rouimoii cows. : $1 siKo 2.5": t I" ehoiee hulls. sft/5 . milkers, >7o'./ 10. Sle-ep and laiUto Re ' eeipi.s, 1.000; mark,l 25e lower; tup. . st'2 2'>. Gal'., s Receipts, 200; market steady ; tup, <ll. EAST ST. KOI IS, Dec. 29. Hogs—Re ' celpt.s, 17.506; market, steady to 15 cents low i", mixed and lioletiers. s7.6o'i/7>o: glll.ll heavies. s7.6*o'/7 7o; roughs. $7.90'./ 6.25; tights, $-. 1.7/018.55 ; pigs, $7.7-7(./ 8 ::7 ; bulk of sales, <7.63'./7.8". Cattle Re celpts, 3,000; market, steady; native beef] steers, $> /9; yearling steers and heifers, i $76/ft ; lon , $3.2.7(i/.7.50 ; 'Stockers and feeders, $3.7.7*1/.7,7.7 ; 1 .lives, <.'•'./ 11 7,0 ; I runners and eiilters, $2.2.7/// 3.25. Sheep | and lambs Receiptß, 2,000: tnai k and steady: unit "Il ewes, St',/1.70; rhoire lambs, $10.25(1/,11.65; canners and cutters, ?1/.(2.3d. fITTSBURGH. Dec 29.—Hogs Re eeipts, 3,800; niarket 25(//75c lower: prime heavies, $S 50/</ $.75 ; mediuius. s!(</9.2.7 ; heavy \ orkers, $9.25/iz 9 .70 ; liglit yurkers. $9 2.7'i/ 9.50 ; pigs. $8 2.7/1/9 50; roughs. $1;/,/ 0 50; stags, ss.sofi/t; heavy mixed. .88.2.7 (a ft. Cattle—Receipts light, market steady. Calves -Receipts light, market steady; veals. $13.50; heavy and thin (.lives, $5.50/0 10.50. Sheep and lambs— Receipts, 1.200; market steady: prime w.dhers, $5/d'5.70; good mixed, $4.503/.5; fair mixed, $3,506/ 1.25; cults and ei.mmolis, $1.50(1/2 .70 ; ehcdcu lambs, $12.25. WHOLESALE FEED DEICES. Ton Gwt, Acme Bran $30.00 sl. ~7 Acme Feed 30.00 1.55 Acme Middlings 30.00 1.70 Acme Dairy Feed 44.00 2.35 IC-Z-Dairy Feed 35.00 l.<o Acme H. A M 32.00 1.65 0 (). &B. Chop 28.25 1.45 Acme Stock Feeil 28.25 1.15 Acme Farm Feed 32.00 1.05 Cracked Corn 30.00 1.55 Acme Scratch 35.00 l.so E-Z-Scratch 32.50 1,05 A/me Dry Mash 475 25 3.27) Acme H"g P'' 0.l 38.25 1.95 Ground Biirley 37.75 1,95 Ground Oats 82.25 1.70 Hcmlick Yellow 20.25 1.55 Rolled Barley 747.75 1.95 Ground Oats 742 25 1./O Rolled Biirley 37 75 1.95 Alfalfa Mol 33 00 1.70 Cottonseed Meal 48.00 2.45 Linseed "ii Meal 50.00 2.55 Chick Mash 45.25 2.740 Tankage 55.50 2.00 Meat Scraps 80.00 4.50 D Light Scratch .... ... 3600 1.85 INDIANAPOLIS PRODUCE. Butter—Local dealers are paying, 40® 41c per lb. for butter delivered in Indianapolis. Eggs—Loss off, 47c. Butter—Packing stock, 17e. Poultry—Fowls, 10@27i0; Springs, 19e: cocks, ll@12c; stags, 13e; young ben turkeys, 8 lbs. and up, 3<) 0 ; young tom turkeys, 1.2 lbs. and up, 38c; old tom turkeys, ,33c; cull thin turkeys not wanted: ducks, 4 lbs. and up> 16s; ducks, 4 lbs. and up, 1.8 c; geese 10 lbs. and iiplie; rabbits, drawn, per dozen $2.50; 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 lu Indianapolis,

1 GRAIN VALUES CLOSE HIGHER Increase in Demand Principal Factor of Strength. CHICAGO, Dec. 29.—Grain prices advanced fractionally on tlie Chicago Board of Trade today, as a result of increased demand. The market opened lower on favorable crop news, "ti the decline a j fair class of buying developed. Selling i was not extensive. Provisions were ir--1 regular. Deeetnl.er wheat opened off %e at ! 81.1 lfs aud was up I%e at the close, i May wheat opened off le at $1.15% and ! closed up Use. July wehat opened at i st.ot%, off %c, and closed up 2%c. December corn started at 48%c, tin--1 changed from the previous elase, aud i closed at 48%c. May corn opened at % l ve, up %c. and < iosed ai .75‘se. July corn opened off l%e at 54% and closed I up 2e, I December oats opened unchanged at %7l l >e and dosed up %e. May oats opened ! "It ;>'' ;it 38■ ,r and closed up %s. July oais opened up %c al 39,5 e and closed up %e. (By Thomson & McKinnon.) —Dec. 29 Y> iieat The winter wheat condition is 76 per 1 i.t of normal, against 87.9 per e.-iiL last year and a ten year average of s 9 per cent_ on a revised basis of acreage of J 4.“yi7,44*.0 acres. The ten-year average loss in condition, December to J uly :as rang* i about 7 points ami the tea year average abandonment in area about 19 per cent, tin this basis, the report is likely t" prove more bullish jas toe season advances. The final | figures for la a year's crop as r.-vi ed and .given o'.) late yesterday lust their value ’ "" Hie 1921 crop as lhe revision went 100 tar back. The receipts of wheat were ! very light at primary points today and ; i tie .•.•utii:i.-nt is more friendly to the 1 "".ving siil" on exp".'tation . f’ develop incuts in the uay of smaller movement and continued snipmcnl for export of w!e at already sold will give holders euI couragement. It v.,i> reported that the f Amei in Relief *\ould buy j rom 15 to |1 8 milfion bushels of wheat for Russian .teoaunt. luiids to i'o put out by the ltus'jan goveriiiuent. Liverpool reported English stocks v.-ry small, with spot wheat re... Foreign markets were easier, being impressed |,y the final government ligur.s of yesterday. We think development in the wheat position in tile : next 3n days a;e more than likely to jbe in 1 1:<- favor of tin- holders. Gorn and "at- The .-/rti market . 'how ( uumistakiibh' strength with further pureka-es jester.tay afternoon j for the relief ar. ount. Ti.ere lias now : t u it.ltt'.tJOt) busli'-ls bought iu two I weeks and these purchases will 10tipi" "■ in !!"• same, or larger volume it is I believe.!. This must ucei s-arlly be very | impr. -sive to Wc-tern holders, as the ■ I 1-1 n .•i.r:i wilt -/ •■n be out • f the way I .md till new pur. Im.-.-s must come from ill"' Went. t'maht reported ItHi.pu 1 lot ks 1 f Corn ..id (...lay for export, "•is we.-o firuor. xvii h the ...rn and promises lo tievidi.p seme export bu-i :i• • - ill tile I ;• ;e ; /-. , The filial G .\ernn • figure* put "it yesterday . a. . ep/e I by the trade as being j f-''" ' I ' ' ■ rs ; i•;•••.. . . s—l’rtiv -ions were a trifle ! • .-;.■••. wi'h low*-:- pri. ..I hogs but • hang' •* ■, .re ur.hnp.'ri. '. The demand ■ J"r pr> . :s is i>tiU <fa h.itist'actory * lfl( A.tiO 4.RAIN TABLE. - Dee. -.“I - \V 11E \T - "pen. High 1...tv. Close. !> I.ll's 1.1 Ml'- El- 4 i.i . . ill > • !’' ", 1 17% .1 ...... J ).i . 1"7 1 "l* 1.0 , ('"UN I.•-<• .... .is’ - ts% .tv 1 ; • .fst. M..J '' s -Y. . .51 .7.7 s .1 . ■ .71 . . ...6 !'•.... - .'••% .".i : s .7VD-7 M.iv.... g'.s-v ,3"i .39%. and" \ .. 1"% .4 •% B"RK - 1 'in. 14.93 I I,A RD - | 872 875 S 6,7 s,*’.7 Vi,!-, 9 12 9.1.7 9.1" 9.19 :RIBS - I J. 1.:..,. $ <rg > 7 .‘.Hi 7‘A May.... 817 8.17 B.*>2 8 lC> t: VE - D.e "4% .87% > I .8.7% Miv W .91 % .90 .91% •Nominal i Hit AGO * \ 811 *1 It MV. t ill' 'AGO, 1" U heat*--No. 5 r.-d. 811 1 ; V t "and •!: ter. $1.17* .; No ;; ha",| xv.:i/ . j,|."’a'.-'l i.t%. *'"l':t No xvhite, I'* a 49% ••; No. 2 j ell" v. \o. 3 1 IN ! white, 48 ■ No 3 ye : >w, 17%'-/ f.8%. ; No. I mix'. !. 1. a 17%. N". Iwl .IT - 17%" "... x ■ whit. 37% ft % : No. 3 ■ white, 71 %Bi.'* a' i N'b i x'.liiie, •’• i f iS :;:t%e. TOLEDO <• U MN ritll 1.8. TOEEIM. i>> 29. Wheat—Cush. I si •_•:; /,/ E 26: December. $123%: M tv. >1.29’ 1: July, SI 13. Corn -G.ish, 32’/<t * *ars G.'.sh tl'iiltj e —Cash, U*)e. Barley Gash, if'e-. I’ItIMAKY MARKETS. tßy i'h .msou A McKiiiuou.) - Dee. 21!. - RI'KIPTS Wueat Corn "ats St. Joseph 4,000 18,000 ' 'kb ;ig.. ....... 7ft,l<o*) 02E"00 2774.0*10 Milwaukee 1 "hi 91,(hh> 72.0*" \ Us . ..MO.OOO 57.1HH1 41."*.% Duluth 27.00,1 26.01" H.tKKI si i.oiiis ;;i,tK" 62 hmi is.iHH*, Detroit :t,O(H> .7."H1 l.Od" Kiin.-'iis Gi! v .. 7.:.05H) 21.000 'J.OOft i t>, ria ........ 2.000 is t.." 9.000 (i[.,:iti!i ’ ’ pi, OtH) 46.000 20.000 1 udint'.a polls .. 3,000 .87.000 2* >,OOO i!s . ... 7! 15.00 H I.H'S.OOO 479.000 Y, ir ago • 577 O'HI ,790,000 380,009 Si 11 I’M EN'l k We nt i'i.rn ".its St. Joseph .... 7.000 2o.tHMi Clileago 22.000 316,000 Xi27.oiK) M i I xv.tukee 11,0 a" JV.I" 1 Mint" apolis ... 61.000 ft'.iHHl 74.**"" St. l.euis 19.01" ilJ.tHiu 55.0U.1 Toledo 3,00.) 11.000 4.000 li.lrnit 2.IXH) 2,0011 4.000 1 Kansas t'ilx . .1374HHi Sl,ink! 9.1HH1 I’eorla 43.00*1 1,000 Uuiatiil 7.000 1 18,600 10.090 Indianapolis 48,000 31,000 Totals • 289 00a .881,000 IVvS.OOt) Year ago’".. .732.0;"' 313. ! HH) 320,000 - *'M7.\RANGES Wheat Gorn Oats New Y'ork .... 40.000 43.000 10,000 I’hllarlelptiia .. lo.Ot" rtii.oot) Baltimore 12,000 163,<M10 New "rleans 154,000 thilveslon 77,*KK) Totals 145,000 399,000 10.000 Year 4,000 IN DIANA 1*4)1.18 GASH GRAIN. .—Dee. 2ft.- - Blits f*< 1 r car lots of grlain and hay :ii the call of the Jntliauapolis Board of Trade Were: Wheal -No sales. Gorn -Stroii';; No. 3 while. 49(7/50e; No. I white, 48r,/p.le; No. 7‘, yellow. 49/// : No. 4 yellow, is'-/,/ I9e: No. 3 mixed, 48' _./>/ VJi ji’; No. •! mixed. 47 1 j(</ 48'._,'•. th'is —Strong; No. 2 white, 38(//7!S%e; No. 3 white, 7!6f/3t!%e. 1 lay—Slead.v : No. 1 timothy’, $17.50/ri> IS; No. 2 timothy. .817/1/17.5'; No. 4 liglit clover mixed, $16.507/17; No. 1 clover, sl9f 20. —lnspections Corn—No. 74 while, 2 cars; No. 4 white, .7 ears; No. 3 yellow. 2 ears; No. 4 yellow. 7 cars; No. 5 yellow, 8 ears: No. ti yellow, 7! cars; No. 4 mixed, 4 cars: No. 5 mixed, 1 car; No. 6 mixed, 1 car; total, .",1 ears. ".its—No. 2 white 4 cars: No. 3 white, 5 cars; No. 4 white, 1 car; No. 1 mixed, 4 car; total, 11 cars. Hay—No. 2 timothy, 1 car.

WAGON WHEAT TRICES. Indianapolis flour mills and elf*ators today arc paying $1.12 for No. 1 red winter wheat; sl.lO for No. 2 red winter wheat and according to test for No. 3 Oats are quoted at 25c for No. 3 white or better. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered ; Hay-Loose timothy. sls .50® 17; mixed hay, fl4.oo®,lti; haled hay, $15,506!.' 10.75. Oats—Bushel, new, per bushel, 32(if35c. Corn—Old, per bushel. 356560 c. TOLEDO SEED I’RICES. TOLEDO, Dee. 2'J.—-Clover.seed; —Cash and December, $11; January and February, $13.40; March, $13.30; April,! s]2.sp> i Alsike—Cash and December, $11.40; ni ruury and March. $11.50. TirnothyX-C;ish,' December and January, $3.12V. ■ February. $5.20; March, $3.25. ’ -

BUSINESS ON FOREIGN STOCK MART LIGHT Undertone Is Firm, Despite Holiday Spirit Which Hangs Over Trade. DOLLAR RAILS ARE IDLE LONDON, Dee. 29.—Business on the stock exchange was exceedingly scarce da Ui e resumption of trade after the holidays and a vast majority of quotations was not reliably tested. The undertone however, seemed to be firm. The gilt edged market opened slightly easier, but developed a linn tendency which held to the close. The foreign market was influenced bv news from Washington and ltussiau bonds hardened considerably. Home rails marked time. Dollar rails were idle except Canadian Pacifies, whieu eased a little. Iu foreign rails, the feature was the advance of the Argentines. The industrial market was very quiet, the dullness being shared by iron, steei and engineers"ils were slow to develop. Mexieur Eagles were 3 13 10, Shells 4 23-32 and Royal Do tell 3G%. : The mining market was dull, except Americans, which were iu considerable ! demand. Preparations for the year-end increased .the demand and tbe rate for money in Lombard street. Overnight money was 3% per cent and weekly money was as high as 4% per cent, liar silver ruse l> 35%<1 and* to 31%ii for spot aud forward delivery. Copyright, 1921, by I’a'alic Ledger Company. I \ Yt'eather The following table shows the state of the weather at 7 a. in., X>c<'. 29. as observed by United States YVeat her Bureaus : Station. Bar. T< nip. Weather, fnillitnapoli/i, lmi... 30.2.7 26 Cloudy Atlanta. Go ;40.tHi -ts Glumly Amarillo, Texas .. 7it).52 .".4 Clear Bismarck. N. D .’{(>.;! 14 Clear Boston, Mass 29.74 746 Cloudy Chicago, ill 36 22 Cloudy Cincinnati, Ohio .. lulls 34 Cloudy Cleveland, "hio .. .70.06 28 Cloudy Denver. Colo .... 3036 30 Gl ir Dodge City, Kan... 3" 54 26 PtChly Helena. Mont 30.22 24 Clear Jacksonville, Fla .. 710.05 50 Clear Kansas City. Mo.. 20.76 24 Gl.-ar Louisville. Kv 3".22 34 Gloudv I.ittl'- U", k, Ark.. ,30.36 44 Ptt'l.iy I. Ana ■ i, Cal... 30.1" 62 GJ, adv M'diile. Ala 740.16 60 Cloudy New "rl- ans. Ea.. 30.22 62 Cloudy New York. N. V... .“,1.78 .".2 Snow N'.i'f..lk \ 1 27* it) 7’.6 Rain Oklahoma City ... 7:0.59 32 I’tCldy "ir : hu. N*-t.. 7,0 , '>t\ 16 t'tf.ir l't.dad -!|ili.l. fa... 29.80 34 Cloudy 1 if burgh. Pa 29.9t'> .",4 Gpuidy I’l'rtlnnil. "re 2" 20 772 Cloudy Rapid City. 8. 1>... 770.744 24 <’!otuly Roseburg, 4 >r*- 749.18 ,9s Cloudy San Ant"!ii", Texas 30.39 62 Gl- .ir San frau'-is,'i. Cat. 77/i.is .72 Rain Sr. Louis, M" 30.42 26 Clear St. T’sn). Minn ,30.48 4 nnr Tanijm, Fla 740 12 60 Cloudy Washington, D. G. 27183 36 (Tenly \Y I YTHER CONDITIONS. 3 lie (list orb.lin e oxa*r (tie northxxcstern I ikes reirion f\ ednesitay morning moved rapidly east w ard mid is noiv pussing (loan file ■!. Eaxxrenee Y'alley. It lias < aus<-d some j,r<- Ipitiitlun and liiitlier ('•mperuture* in the Eastern Slates, but co'di r went Iter lias oversprend the trans'lississipi.l ami Great Lakes ronton In the r r of the disturbance. t rom the Mississippi Valley xxeslxxard generally fair weather lias proxatlcil. —Y\ t.lte Klxer Conditions— At 7 -i. m. today stages In YYhite River wre as folloxxs. Indianapolis, 6.3, fullitir; Etlis/on, missinc; shoals, 2E4, risincIt, < ker, 21.0, rising, A RMINGTON. YIe(eorolo/c!t, Wentlter Bureau. GRAIN ACERAGES SHOW DECREASE Condition of Wheat Far Below That of Year 1920. Washington, doc. 29—The D part"letu of Agriculture estimated today that tb° area of winter wheat sown this fall 4 14,293.'") acres, which is 1.2 per cent I"s* than the revised estimated area .-""a m the fall of 192", which was 14,847.(x5) acres. J be condition of xxitt/er wheat on Dec. 1 was 76 per oenl of normal, against 87.7* per cent and 8.7.2 per cent on Dec. 1, 17*3". and 1911* respectively, and a ten year average of Sft per cent. The department .stimated that the area of rye sown this fall is 5.184,00(1 acres, which U 22.6 per cent inure than the revised estimated area sown in the fall of 192', which was 4.225,(HH) acres. The condition of rye on Dec. 1 was 92.2 tier cent of normal, against 1)4.5 per_ eei t and sp.i; per cent "ti Dec. 1. 17*20, and 19171 respectively, and a ten year average of 90.9 per cent. < HIGAGO I’KOIH * K. rtIIGAGO, Dee. 2ft.—Butter—Receipts. 490 tuhs; creamery, extras, (not quot'd); • xtra firsts, 40c: firsts, 32 1 ... (<i .7;)e ; packing stork. 29/ f 2.7 c. Eggs—Receipts, 5.9071 eases; current receipts. 39W41e; ordinary f.rsts. 36/>r3Be: firsts, 41%e; choice, 28./ •30c: dirties. ,",0./32c Cheese —Twins, tfhxv. Ift %<■; daisies, 2'%/;20%c; longhorns, 2’n :: ic; young Americas, 21c; bricks. 17%e. t.ive poultry—'’Turkeys. 40e; springs. 275%e; chickens. 20c; roosters, 16c: geese. 277 c: ducks. 28c. Potatoes— Receipts, 27 cars; northern whites, S2///, 2.20 per 150-lb bag; Red Rivers, sl.B*' (ttl.So.

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Money to Loan on Mortgages STATE LIFE INSURANCE 00, T. 7 li. s. Automotive Stock" SELL See Curb Market 415 L.EMCX& BLD3.

COMES OUT FOR STATE SENATOR Gustav Schmidt Wants J. Fred Masters’ Toga. Guslav G. Schmidt, operator of a chain of motion picture theaters in Indianapolis and member of the city council, today mailed out 2,500 letters announcing that he is a candidate for the Republican nomination for State Senator from Marion County. lie will aspire to the post now filled by Senator J. Fred Musters, whose term expires in 1922. This is the only Souatorship from Marion Couuty vacant next year. Mr. Schmidt has become well known through his work in the council, being the leader of the majority faction which tied plans of die Jewett city administration into a knot for three years. Mr. Schmidt was president of the council in 1920. SPECIAL SESSION OF CITY COUNCIL Meeting Called to Consider Emergency Measures. The city council met in special session this aft' moon to consider two emergency ordinances. One was for the ratification of the contract of the board of public works with the YVelsbacb Street Lighting Company of America for the upkeep of gas street lamps iu Indianapolis for three years from Jan. 1, and the other would appropriate $1,600 to the department of taw with which to pay attorneys for examining and passing upon the transcript of the war in- morhtl plaza bond issue. Smith, Ketnster, llornbrook & Smith are the attorneys examining the transcript. The bid of the Indiana Trust Company and tlie National City Company of New Y'ork upon the plaza bond issue of sl,660,900 was discovered to be so wordc/l that the city is responsible for payment of the attorneys who pass upon the legality of the bonds'. Humane Society and Police Deportment Join in Cat's Rescue Sergeant Gaddis who went to the scene Soeicly, and Hollie Francis, electrician the police department, rescued a cat yesterday. A series of calls were received by the operator at police headquarters from persons living near Miller street . nd Belmont* avenue, that a cat had been perched "U t p of a telephone pole for thirty six b.oirs and would nor. come 1 down. Sergeant Samuel Gaddis, ot the Humane pdmined he xv.. ; not an expert at elimbing telephone p Is. He got l-'ran- • is. v. i xx is equipp' and with spurs, to • i!e ")•• pole Francis rescued the cat . and Sargent Gaddis spent 32 cents at a gr ■. ry for a bottle of milk. The cat 1 drank the mil'.; and seemed as well satisl and on the ground as oa the top of the t and. phtP'ie pok'. \ SSIRKYVD MERCHANT. NEW YORK, Dec. 29.—The proprietor of a small store at 1342 Broadway has an ey,> t" business. A display card on the out id" of his store reads: 'Tickets fa prtz • lights and Sunday night sacred concerts sold inside."

Outlook for Texas Company Set forth in a SPECIAL REPORT The underlying causes for the recent strength of this leading independent oil stock are comprehensively discussed therein. This report will be mailed to you upon your request Send for XT-S3 E. JV!. Fuller Cos. Merab*™ of Consolidated Stock Lichr.ngra of ?J. "ft 50 Bread St, f New Yort Chiruj?o CleTeland Phi!adolj>hia Host on Newark Pittsburgh (Direct Private Wires)

DIVIDEND NOTICE The vmi annual dividend of "%%> on tba preferred stock of The liaker-Shooh Company will lie paid on Jail. 1, lft'22, to stockholders "f record on Dee. 2'B, 1921. The books of 'ho company xvill be closed f,r transfer of stock from Dec. 2S, 1921. to Jan. 2, 1922. The BAKER-SKOCK COMPANY American Telephone & Telegraph Cos. , 1-9TII IUVIDEM). A quarterly dividend of Two Dollars and Twenty-Five Gents per share will bo paid ou Monday. Jan. 16, 1922. to stockholders of record at the dose of business ou .Tuesday, Dee. 29. 1921. H. BI.AIR-SMITH. Treasurer.