Indianapolis Times, Volume 34, Number 208, Indianapolis, Marion County, 10 January 1922 — Page 9

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PRICE LEVEL HOLDS IN FACE OF UNEASINESS Some Rail Stocks Decline as; Individual Holdings Are Put on Market. __ CORN PRODUCTS GAIN Special to Indiana Daily Times and Philadelphia Public Ledger. BY MONITOR. NEW YORK, Jan. 10.— Unsettling Influences again dominated the stock market, while such favorable items as the progress at Cannes and indications o l progress toward economic improvement in Europe were practically ignored. The market was wholly professional and it must be admitted that the general price level showed few changes of a markedly adverse character, nothwithstandlng j the uneasiness created by declines in a ; few issues. There is still a disposition to pay relatively more attention to such Items as the cut in Pennsylvania crude prices, or similar minor unfavorable developments, than to such encouraging features a3 the strength in foreign exchanges, the drop in the call money rate to 3 per cent, or the triumph of the peace parley in Ireland, as reflected In the test vote. The chief trading incidents of the day i were furnished by further weakness in Chicago & Northwestern in the face of official reassurances concerning the posi- ! tion of the road, and heavy selling of j the Eries which broke to new low levels. The decline in the Erie stocks prompted : all sorts of explanations, but it would j seem that doubt concerning the fate qf ] the $13,000,000 of April maturities fur- j nished the leading motive for the sell- | ing. Os course, it is possible that the j dumping overboard of individual holdings may have provided the bulk of the offerings. The selling of Texas Company from Chicago was the feature of the oils. Among the strong points in the markei; werel corn products and marine preferred. *n addition to subsidy prospects the bulls on this stock revived a rumor regarding the possible purchase of German shipping with the balances to the credit of International Mercantile Marine in Great Britain. of the striking features of the forBgn exchange market was the advance | ■n Romanoff rubles from .10 to a fraction ity of a recognition by the Soviet of the Romaoff obligations is, of course, responsible for the buying.—Copyright, 1922. by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. The stock market was depressed, a contributary cause being President Harding's dinner at the White House Saturday night. That the legislative leader'. and the President have decided on the enactment of the soldier bonus bill served to nullify whatever of optimistic sentiment the financial district might have had There was unsettlement in the railroad list, with particular weakness In all of the Erie issues, and in Chicago & Northwestern, all of which made ne-w low records for all time. There was selling of the oils and some miscellaneous stocks from Chicago, a further reduction in the price of crude oil was announced, and even the lowest call money rate since Nov. 3, 1919, failed to stimulate buying. Selling of Chicago & Northwestern, which carried the price to 59, was said to represent the liquidation of a block of 10,000 shares held in an estate. The sellin" apparently in no wise detracts from the favorable statement made by officials of company, but represents the exigencies of an individual case. Firms which have been watching the transactions in the stock, expressed the opinion that all of the holdings which were to be sold at this particular time had come to market. Officials of the Erie Railroad said today that any talk of a receivership for that company w T as fiction. It was said that the company will show a surplus for the year, and that no trouble is anticipated in arranging April 1 financing. There was an attempt in some quarters to explain the heavy selling ns recording tax losses, but this argument fell of its own weight when it was suggested that selling of this character would have proved more profitable at the close of 1920 as a lower tax schedule is in effect now. All the Erie issues were pressed for sale jiractically to the close. International Mercantile Marine preferred advanced to anew high level on buying said to be by the same operator who was responsible for the advance last week. The annual report of the company, it is understood, will show earnings of about $7,000,000 or the equivalent of about $lO per share after interest and charges. The company is said to have about $10,000,000 in cash and liquid assets in London, and part of this money, according to a rumor current, will be used to pay part of the $42 of accrued dividends of the preferred slock. In well-informed quarters the advance is declared to be wholly speculative in nature. One movement in the rail list which was overlooked by the rank and file in the Street and which may prove significant was the advance of more than four points in Reading second preferred, and 2% in the first preferred while the common stock was almost stationary. One half of the second preferred outstanding amounting to $42,000,000 of SSO par value shares Is convertible into common stock. A reduction of 25c per barrel In the price of Pennsylvania crude oil was responsible for some of the selling of the ' oil stocks. A number of pools ; n the low-priced domestic oils are carrying a heavy burden and arc- finding ii difficult to lighten the load. In addition to this it is understood that there were large quantities of oil stocks and loans held by the Chicago banks which recently were taken over, and that the new holders of the loans have thrown them out as collateral. The market literaly was flooded with call money. The renewal rate of 4 per cent was the lowest since September, 1919. Soon after 2 o’clock large offerings at 3 per cent made their appearance, whiw sa th<e lowest rate recorded since Nov. 3, 1919, when money actually loaned at 2 per cent. Ten days later it soared to 30 per cent. Bankers do not anticipate any such flurry now, but say that the present low rate will not be maintained. Directors of international Nickel Company met and declared the regular quarterly dividend of $1.50 per share on the preferred stock of that company. In well nformed quarters it is said that future Payments will depend on the course of •uslness. Unfilled tonnage figures for the United Hates Steel Corporation were to be pubished today. Estimates in the Street enerally have indicated that a decrease f 100,000 tons will be shown, but in marters familiar with the corporation’s Hairs, it was said that practically no liange from the last tonnage figures nade public was probable. National Enamelling and Stamping Company made anew low for the present movement on a recurrence of discussion as to the dividend action to be taken by the directors at the meeting next month. Tt Is said that foreign committee petition as well as the depressed business conditions In this country mi>b' a continuance of the present rate unlikely. United Cigar Stores reports sales for December of $8,309,932, as compared with $8,945.555 for the same month in 1920. For the year total sales were $77,852,491, as compared with $79,628,428 in the previous year.—Copyright, 1922, by Public Ledger Company. I NFILLED STEEL ORDERS. NEW YORK, Jan. 10.—The United States Steel corporation today reported unfilled orders on its books as of December 31, last, of 4,268,414 tons against 4,250,542 tons on Nov. 30, last, an increase of 17,872 tons. NEW YORK TURPENTINE. NEW YORK, Jan. 10. —Turpentine Bold at 91e per gallon in trade on the market here today.

N. Y. Stock Exchange [ (Bv Thomson & McKinnon.) —Jan. 10.— Prev. High Low Close Close Allied Cbem. ... 58 56 56% 56 Ajax Rubber... 10% 1014 10% 10% Allis-Chalmers.. 38% 38% 38% 38% Am. Beet Sug... 34% 32% 33% 34% Am. Bosch Mag. 34% 34% 34% Am. Car Fdy...142 141 141% 142% Am. Can 32% 32% 32% 33 Am. 11. &L. com 12% 12% 12% Am. H. &L. pfd. 58% 58% 58% 59% Am. Int. Corp.. 39% 38% 39% 39% Am. Linseed .. 29% 29% 29 % 29% Am. Loco 103% 102% 103% 103% Am. Smelt. Ref. 44 43% 4.3% 43% Am. Sug. Ref... 58 57 57% 57% Am. Sum. Tob.. 34% 34 34 34% Am. Steel Fdy.. 31% 31% 31% 31% Am. Ted. & Te1..115% 115% 115% 115% Am. Tobacco.... 131 129% 131 130 Am. Woolen 79% 78% 79% 78% Atlantic Pete.... 21 21 21 22% Ana. Min. C 0.... 48% 48% 48% 48% Atchison 93% 92 93% 92% Alt. Gulf & W.I. 29% 27% 28% 30% Baldwin L0c0... 94% 92% 94 94Vi B. & 0 34 33% 33% 34 Beth. Steel (B). 56% 55% 55% 50% Cal. Pete 44% 43%„ 4.3% 44% Can. Pac. Ry.... 120 119% 120 119% Cent. Leather... SO 29% 29% 30% Chandler Motors 50 49 49% 49% C. & 0 54% 54 54Vi 54% C., M. & St. P... 17Vi 16% 17% 17% C.M. & St.P.pfd. 30% 29 30% 30% Chi. &N. W 62% 69% 62% 09% C., R. I. & P.... 31 30% 30% 31% C.R.1.&P.6%pfd.. 70% 70% 70% 70% C.R.lj&P.79*pfd.. 83% 83% 83% 84% Chili Copper.... 15% 15% 15% 15 Vi Chino Copper.. 26% 26% 26% 27 Coca Cola 42% 41% 41% 42 Col. F. <t Iron 24 24 24_ .... Colitm. Gas 66% 66 66% 66% Colum. Graph.. 2% 2% 2%_ 2% Consol. Gas 90% 90% 90% 91% C.C.C. & St. L. 55 55 55 l osuen Oil 32% 31% 32 32 Corn. Prods 94% 93% 94% 94 Crucible Steel.. 63% 62% 62% 04_ Cub. C. Sugar.. 8% 8%. 8% 8% Del. & Lack.... 113% 113% 113% 113% Erie 8% 7% 8% 7% Erie Ist pfd... 12% 11% 12% 11% Fam. Plays.... 7G% 75% 76% 76 Fisk Rub. Cos.. 11% 11% 11% 11% Gen. Asphalt.... 57% 55% 57% oG% Gen. Elec 136% 136% 136% 136% Gen. Motors ... 9% 9 9 9% Goodrich 35% 35% 35% 36 Gt. North, pfd.. 71 70% 71 il_ Gulf States Stl. 45% 45 45% 44% Houston Oil 74 70% 71 71 Haskell Barker 81% 79% .80% 79 Insp. Copper... 38% 38 38% 38% Invincible 0i1... 14% 13% 11% 14 ludianahoma .. 3% 3% 3% •>% Inter. Ilarv. ... 81% 80% 81% 80 Inter. Nickel .. 12 11% 11% 11% Inter. Paper 48% 47% 45% 49 Island Oil Trans 2% 2% 2% 2% Kan. Sity Sou... 22% 22% 22% 22% Keliy-Spg'fld ... 36 35% 36 36 Keen. Copper . 26% 25*% 26% 2 Lack. Steel 45% 44% 45% 4j>% Lehigh Valley 58 57% 58 57% i Lee Tire 26% Loft Candy 9% -9% 9% 9 L. & N 110 109% 110 109% May Stores 104 103 104 103% Marine c0m..... 15 14% 14% 15 Marine pfd 68 66% ('<6% 67% Mont.-Ward .... 13 12% 13 13 Mex. Petrol 108% 10%% 108% 109% Miami Copper... 26% 26% 26% 20vs Middle St. 0i1... 12% 11% 11% H 7 s Midvale Steel.... 29% 28% 29% 29% ' Missouri Pac.... 16% 16 16% 16% M. Pac. Ry. pfd. 44% 44 44 44% Nt. En. A Strap. 32 31 31% 32% N. Y. Central... 73% 72% 73% 73% New Haven .... 13% 12% 12% 13 Northern Pac.. 74% 74% 74% 74% Pacific Oil 45 44% 44% 44% Pure Oil 34% 34% 31% 35% Pm-Am. Pet.... 49% 49 49% 50% Penn. Ry 34% 33% 33% 33% People’s Gas ... 61% 61 61 60% Pierce-Arrow 14 13% 15% 13% Pierce Oil C 0... 10% 10% 10% 10% Pittsburgh Coal 62% 62% 62% 62% ! Pressed Stele C. 63 ti3 6tl 63 Pull. Pal. Car. .109 108 108% 107%. Ry. Steel S 94 94 94 94% Itay Copper.... 14% 14% 14% 14% Heading 71% 71% 71% 72 Rep. I. & Steel. 52% 51% 51% 52 Replcgle Steel.. 28% 27% 28% Roy. i>. of N. Y. 51% 50% 51 50% I Sears-Roebuck.. 3 62 % 62% 62% 1 Sinclair 19% 18% if, i!>% South. Pac. ... 75% 7h% 78% 78'„ South. Ry 17% 17% 17% 17% Stand, oil -’. .. 92*-'. 91% 92% 92% Stand. O. N. J. 171 ' 170 171' 176% St. LASF. Com. 29% 20 20% 20% Strom. Carb. .. 36 36 36 37 Studebaker ... 80% 80 B<>% 80% Texas C. & O. 23% 23% 23% 23% Texas Cos 42% 42% 42% 42% Texas A Pac... 25 25 25 25 Tob. prod. ... 62% 61% 62% 63 Trans. Oil .... 10 9% 10 9% Union Oil 19 18% is% 18% ! Union Pac. ...125% 125 125% 125% | United It. S. .52 51% 52 52 jU. S. F. P. C. . 9% 8% 8% 9% ! Flitted F. C0...121% 120 V, 121 120% United Drug.... 71% 71% 71% .... U. S. Ind. Alen.. 38% 37% 38% 37% U. S. Rubber... 5218 51% 52% 52% U. S. Steel 82% 92% 92% 93% U. S. Steed pfd..Hs% 115% 115% 115 Utah Copper.... 62 61% 62 61% Van. Steel 31 30*% 31 30% Vir-Car. Chem.. 28 28 28 Wat.. Ist pfd... 19% 10% 19% 19% White Oil 9% 9 9 9V4 West. Electric.. 50 49% 49% 49% White Motors.. 37 36 37 37% W-Overland .... 5% 5% 5% 5% Wilson A C 0.... 28 27% 28 * 27% Woolworth 139% 139% 139% 140 West. Pacific.... 16 15% 16 15% NEW YORK LIBERTY BONDS. —Jan. 10— Prev. High. Low. Closf. close. Liberty 3%s 96.80 96.10 96.80 96.20 Liberty Ist 4s 97.40 97.50 Liberty 2d 45.. 97.40 97.12 97.40 97.06 Liberty Ist 4Vis.. 97.90 97.62 97.90 97.72 Liberty 2d 4%5.. 97.64 97.16 98.06 97.80 Liberty 3d 4%5.. 98.185 97.80 98.00 97.80 Liberty 4th 4%5. 97.00 97.44 97.90 97.49 Victory 3%s 100.10 100.08 100.08 100.08 Victory 4%s ....100.12 100.08 100.10 100.08 NEW YORK SUGARS. NEW YORK, Jan. 10.—Raw sugars were firmer in trade on the market here today. Cubas were quoted at 3.01 c per pound, duty paid, while Porto Ilioos sold at 3.42 c per pound, delivered. Refined sugars were firm, fine granulated being quoted at 4.80(54.900 and No. 1 soft at 4.90 c per pound. NEW YORK METAL MARKET. NEW YORK, Jan. 10.—Copper—Quiet; spot, January and February, 12%^/13c. Lead—Quiet; spot, 4.70tfi.4.55c: January and February, [email protected]. Spelter—Quiet spot and January, 4.82%e; February offered, 4.90 c. NEW YORK COFFEE. NEW YORK, Jan. 10—Coffee values vvere steady on the exchange today, opening options being unchanged to 1 point higher. Rio No. 7 on spot sold at S%c per pound. NEW YORK PETROLEUM. NEW YORK, Jan. 10. Petroleum prices were weaker in trade on the market here today, Pennsylvania crude petroleum being quoted at $3.25 per barrel. DOMESTIC FOWLS GAIN. CALGARY, Alta., Jan. 10.—Domestic fowls in Alberta have increased from 2,500,000 to 425,000,000 in the last ten years, according to statistics of the Department of Agriculture. This is almost 1,300 per cent and testifies to the rapid agricultural development of the province. PLAN MOBILE LAUNDRIES. NOME. Alaska, Jan. 10.—Announcement has been made that the salvage division of the United States Quartermasters Corps will install mobile laundries at all principle posts in the territory. These laundries will be similar to those used by the American Army in France for delousing purposes. SHOW THIS TO YOUR WIFE. NOTTINGHAM, England, Jan. 10.—Mrs. Smlth-Wllkinson, who is called ’’the best-dressed woman in the world,” has 175 gowns, 240 coats, 300 hats and thirtysix pairs of shoes. She is middle-aged and has a young, third husband. ASSASSIN REFUSES AMNESTY. ROME, Jan. 10. —The assassin Baiba, who attempted to kill King Victor Emanuel nine years ago, was granted amnesty t.y the king on Oct. 24. When Dalba was first notified of tin amnesty decree bo refused to leave prison, but after a lapse of two weeks departed. ON FLIVVERS, TOOf PARIS, Jan. 10.—Owners of motor cars here are attaching the names of their wives or sweethearta to the radiators of their cars.

STOCKS SHOW LATE STRENGTH Leading Issues Make Rallies of Around 1 Point. NEW YORK, Jan. 10.—The stock market closed strong today, nearly all the leading issues moving up about 1 point. Baldwin Locomotive rose 1% points to 94 and United States Steel again touched 82%. General Asphalt advanced nearly 2 points 2 points to 57%. Mexican Petroleum rose 1% points to 108%. The railroad stocks also showed a better tone, especially Chicago & Northwestern, which moved up 1% points to 62%. Studebaker rallied from 80 to 80%. Crucible Steel was a weak exception, falling 1% points to 62%. Government bonds were unchanged and railway and other bonds steady. Sales of stocks were 465,700 shares; bonds, $27,319,000. (By Thomson A McKinnon) —Jan. 10— We had a few interesting items of market influence today, but none of a character sufficiently important to create any enthusiasm. The steel tonnage sttaement shows practically no change. The slight increase in the booked orders is only significant to the extent of showing that business has not been getting any worse. In a general way it may be stated that in the steel industry it is expected that later in the year conditions will improve. At the moment most interest is centered on the group of steel issues headed bv Midvale, which gossip connects with n. proposed merger. From time to time, recently, there has been a wave of activity ill these shares, but it is evident that the time is not yet opportunt for a real upward move. . Speculation in the oil group, which was the most prominent feature during the fall, has evidently run its course. Recent reductions in the price of crude 0.l lias removed some of the public confidence and there has been a tendency recently to liquidat these stocks during strong market periods. . , . We see no change in the underlying conditions. Confidence hns been shaken to a great extent. It will take time t" restore this and we are still a considerable distance from boom conditions in business and it is, therefore, more than likely that irregularity will continue for a while and we still favor marketing long stocks on the bulges. TWENTY STOCKS AVERAGE. NEW YORK, Jan. 10—Twenty industrial stocks Monday averaged 78.87, off .25 per cent. Twenty active rails averaged 73.43, off .42 per cent. Money and Exchange Indianapolis bank clearings Tuesday were $3,666,000. Bank debits Tuesday were $5,099,000. NEW YORK, Jan. 10.—The foreign exchange market opened strong here today. Demand •Sterling was %>• higher at" $4.23%. Francs advanced 9% centimes to 8.32 c for cables and to 8.31 c for checks. Lire cables were 4.32%c; checks, 4.31%c. Belgian franc ‘ aides were 7.99 c; checks, 7.98 c. Marks yielded 1% points to .0057%e. Guilder cables wer ■ 36 sue; checks, 30.78 c. Sweden kronen cables were iM.'Xtc; checks, 24.85 c. NEW’ YORK CALL MONEY. NEW YORK. Jan! 10— Money Call money ruled 3% per cent; high, 3% cent; low, 3 per cent. Time rates easy, i;.R 4u, to 4% per cent. Time mercantile paper easy. Sterling exchange was strong with business in bankers’ bills at s4—2, u for demand. MOTOR SECURITIES. (By Thomson A McKinnon.) —Jan. 10—Closing Bid. Ask. | Earl Motors 4; t ! Packard com .*>% ' Packard pfd Cl font. Motors com Cent. Motors pfd 84 8< ‘ Hupp com J 1 4 11 4 Hupp pfd ™ T/ ’55,, Reo Motor Car I*> Elgin Motors ~ - Grant Motors 1 Ford of Canada Federal Truck *'.’ Paige Motors *; Republic Truck ‘ ‘ ** ACTIVE OIL STOCKS. (By Thomson A McKinnon) —Jan. 10 —Opening - Bid. Ask. Anglo-American Oil 16% 17% Borne-Scrymser 320 340 Buckeye Pipe. Line 84 86 Chesebrotigh Mfg. Cons ..170 19,> Continental Oil, Colorado 125 130 Cosden Oil and Gas f 8 Crescent Pipe Line 28 30 Cumberland Pipe Line 115 I—Elk Basin Pete % * : % Eureka Pipe Line... 76 SO (ialensi-SI glial Oil, pref • l *’ I'M Galena-Signal oii, com 40 42 Illinois Pipe Line 162 167 Indiana Pipe Line 8-3 88 Merritt Oil B*4 S% 1 Midwest Oil ‘2% 3 j Midwest llfg 165 175 National Transit 28 30 i New York Transit Ill) 145 i Northern Pipe Line 90 95 Ohio Oil 255 200 Oklahoma P. A R 5% 6 Penn.-Mex 16 Prairie Oil and lias >2O Prairie Pipe Line 226 230 Sapulpa Itefg. 3 _3% Solar Refining .. 330 350 ! Southern Pipe Line 71 75 South Penn Oil 175 195 Southwest Penn Pipe Lines... 50 54 Standard Oil Cos. of Ind 84*4 84% Standard Oil Cos. of Kan 550 570 Standard Oil Cos. of Neb 130 17i> Standard Oil Cos. of N. Y.... 340 350 Standard Oil Cos. of Ohio 480 490 Swan & Finch 40 50 Vacuum Oil 360 310 Washington Oil 30 3.> ' NEW YORK CURB MARKET. (By Thoms/n & McKinnon) —Jan. 10— —Closing— Bid. Ask. Acme Packing 40 60 Curtis Aero, com 2% 3% Curtis Aero, pfd 18 23 Goldfield con 2 5 Martin Perry 20%. 21% Jumbo Extension 3 6 Imperial Oil (Del.) 9% 9% International Petroleum 11% 15 Nipissing 6% 6% Standard Motors 3*4 1 Salt Creek 12% 13% Tonopah Extension 1 9-10 l r, i Tonopah Mining 1% 1% United P S new 113 16 1% IT. S. Light and Heat 75 80 I’. S. Light and Heat pfd 1 1% Wright-Martin 2 5 Y’ukon Gold iMne Cos 1% 1% Jerome 2s 33 New' Cornelia 17 18 United Verde 28% 29% j Sequoyah 3 7 Omar Oil 77 79 Rep. Tire 10 20 Poston A Mont 82 83 CHICAGO STOCKS. (By Thomson & McKinnon) —Jan. 10— Open. High. Low. Close. Armour pfd 91% Armour Leather. 12% Carbide and Car. 44% 44% 4t 4t% Libbv 6 6 5% 5% Mont.-Ward 12% 13 12% 12% Nat. Lenfh. (old) 2% 2% 2% 2%. Piggly Wiggly. 31% 32% 31% 32% Rears-Roebuck.. 62 Stewart-Warner 24% 25 24% 25 Swift A Cos 95% 97 95% 96% Swift Inter ‘22% 22% 21% 22 Natl. Lea (new) 9 9% 9 9% NEW YORK HIDES. NEW YORK, .Tan. 10.—Hide values were finn on the market here today, native steer hides being quoted nt 15%e per pound and branded steer bides at 15%c. NEW YORK RICE. NEW YORK, Jan. 10.—Rice values were steady in trade on the market here today, domestic being quoted at 3%@ 7%e per pound. NEW YORK WOOL. NEW’ YORK, Jan. 10.—Wool prices were steady in trade on the market here today.

INDIANA DAILY TIMES, TUESDAY, JANUARY 10, 1922.

New York Bondß (By Fletcher American Cos.) —Jan. 10 —■ FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (unlisted) ss, Sep. 1, ’45 72% 73% I Arg. 7s, Oct., ’23 97% 97% Belgian 6s, Jan. 1, ’25 95% 95% Belgian 7%5, June 1, ’45....105% 105% Belgian Ss, Feb. 1, ’4l 105 105% Berne Bs, Nov. 1, ’45 106% 107% Brazil Bs, June 1, ’4l 163% 104 Chile Bs, Oct. 1, ’26 98% 99% Chile Bs, Feb. 1, ’4l 101 161% Chile Bs, Nov. 1, ’46 100% 100% Christiania Bs, Oct. 1, ’45....106 107 Copenhagen 5%5, July 1, ’44.. 85% S6 Danish Mutt. Bs, Feb. 1, ’40.. 105% 106% Denmark Bs. Oct. 15, ’45 107 107% ♦Canadian 5%5, Dec. 1, '22.. 93 % 93% ♦Canadian 5%5, Nov. 1, ’23.. 92% 93% ♦Canadian 5%5, Nov. 1. ’24.. 91% 93% ♦Canadian ss, Dec. 1, ’25.... 90% 91% Canadian Ds, April 1, ’26 96 90% Canadian 5%5, Dec. 1, ’27... 93 % 94% Canadian 5%5, Aug. 1. ’29..97 % 97% Canadian ss, April 1, ’31.... 95 95% ♦Canadian ss, Oct. .1. ’3l. Canadian 5%5, Nov. 1, '33. 94% 90% ♦Canadian 5%5, Nov. 1, ’34.. 92% 93% Canadian ss, Melt. 1, ’37 94% 95% ♦Canadian 5%5, Dec. 1, ’37.. 97 98% ♦French (Viet.) Bs, Opt., ’31.. 62% 63% ♦French 4s, Opt., ’43 49% 50% French 7%5, June ’4l 94% 94% French Bs, Sept. 15, ’45 99% 100 Jap. (First) 4%5, Feb. 15, ’25 87% 87% Jap (Second) 4%5, July 10, ’25 86% 87 Jap 4s, Jan. 1, ’31.. 73% 74 Mexico Bs, Jan. ’45 55% 56 Mexico 4s, Jan., ’54 4040% Norway Ss, Oct. 1, ’4O 108 109 Queensland 7s, Oct. 1, ’41....107 107% Rio de Janeiro Bs, Oct.. ’46. .lot 101% Sao Paulo Ss. Jan. 1, ’36 100% 101 Swedish 6s, June 15, ’39.... 94% 95 Swiss B%s, Aug. 1. ’29 95% 96% Swiss Bs. July 1, ’-40 114% 115 r. K. 5%5, Nov. 1, ’22 100% 100% U. K. 5%5, Apg. 1, ’29 99% 09% U. K. 5%5, Feb. 1, ’37 97% 97% Uruguay Bs, Aug. 1, ’46 103% 104 Zurich Bs, Oct. 15, ’45....... Its; 107 Philippine 5%5. 103 105 •Internal loans. CORPORATION BONDS. Bid Ask Alum. Cos. of Am. 7s Nov., ’25.100% 100-n Allied Packers Os 60% 61% Auu-r. Cut. Oil 6s St'pt. 2, '2! 93% 94% Auter. Tel. 6s Oct., ’22 100% 100% Amcr. Tel. 0s Feb., '2l too',* 100- „ Amer. Tel. A Tel. 6s, '25 109% 109% Amur. Thread 0s Dec., '28..., 99% 100% Amer. Tob. 7s • Nov., '22....101 101 s Atuer. Tob. 7s Nov., '23 102% 102% Anaconda Og Jan. ’29 97 % 9* % Anaconda 7s Jan., ’29 101% 102% Anglu-Ani. Oil 7%s Apr., ’25.102% 103% Armour 7s July 15, '3O I"!"-, 102 Atchison Gen. 4s 86% 80% Atlantic Kef. 6%s Mch.. '31...103% lot Bell Tel. of Can. 7s Apr., ’25.100 100% Bell of Pa. 7s 10sVi 1"8% Beth. Steel 7s July 15. *23....100% f Bia Four Cs 95% 95% C B. Q. Gen. Is 80% 80*% C. It. Q 111. 3%s 78 "!) C. B. Q.— Neb. Is 93% 93% C. B. Q. -Jt 6%S 106% 100% Can. Nr. o%s 107% 108% Can. Not. 7s 109% 109 % Can. Pae. 0s Mch. 2, '2l 100 100% ! Cent. Arg. lly. s Feb., '27.. 89% 90 , C„ R 1. A P. 0s Feb., ’22.. 99% 100 1 Chic. A N. W. 6-s 10'>* i lo?% Chic. A N. W. 7s 105 105%. Col. Graph. 8s 35 36 Con. Gas 7s Dec.. ’22 100% 101% Copper Exp. s s Feb. 15, ’22.. lei 100% Copper Exp. 8s Fob. 15, '23.. lee-„ 101 s Copper Exp. '■* Fob. 15, '24,. 102% 102-q Cupper Exp. 8s Feb. 15, 'AY. .103% BUN Cuban Am. Sugar Ss 101% 102% Cuilaliv 7s July 15, '23 loo’* 100% Du Punt 7%s 103% 104% I Fed. Sugar 0s Nov,, '24 '97% 98 ' FI: k Tire 8s 99* h 100% 1 Goodrich 7s Apr., ’25 90% 9*>n ; Goodyear Ist Bs, 'll 110% 111 % ; Goodyear Deb. ss, ’3l 98% 99V* ! Grand Trunk 6s BH) 100% Grand Trunk o%s 102% 10.’,-.. Great Northern 7s B>7 T s 108 h Grand Trunk 7s 109 100% Gulf oil 0s July, '23 9.*% 100% j Gulf Oil 7 Feb.. ’33 102% 103% ! Heinz 7s )Its'.. *3t> 105% B)t% ! Hot-kin:: Val. 6s Meh . "21.... 96% 97% ! Humble Oil 7s Meh. 15, '23 109 BK>N 111. ('.‘lit. Ref. 4. ’55 82% .8.;% ; Int. R. T. 8S Sept., ’22 74 75 > later. Met. 4%s 11% 12 ! Interboro 5s 55% 55% 1 li. (’. Term. Os Nov. 15, '23.... 99% 100 KellV-Springfield 8s ...102% 105% Keen. Cupper 7s Feb., '30....101% 102% L. A N. 7s, ’3O !6% 100% Laclede Cuts 7s Jan., ’29 ’.5% ■' . Libbv-MeNeU 7s May. ’3l : Mex. Pet. 8s 9a i U’ : , Minn., St P. A S. S. M. %s. .BH 101% N. Y. Central 7s, ’3O 105% BkV% N. V. Edison )• 11 105% 10 ,% N. Y. Tel! Ref. os, ’ll 102% 82'% Nor.. Pae. P. L. 4s 84% 85% Nor Pac. G. L.. 3s 60% 00% Nor.' Pac. Os 106% lod% Pan-Amur. Pet. 7s 96 96% Penn. o%s 104% B's Penn 7s 106% B>7 Proctor A G. 7s Mch.. ’22.... 100 100% Procter A G. 7s Meh.. '23 101% 101% Public Sor. N. J.. 7c Meh.. 22 99% 100% It. J. Reynolds 0s Am.-., ’22..8k)% 100% Sears Roebuck- 7s Oct. 15. '22.. 98 99 Sears Roebuck 7s Oct. 15, '23.. 97 97% Seaboard Con. 6s 41% 41% Sinclair 7%s May 15, "25.... 98% 95% Solvay A ci 8s 0.-u. ’27 102% ln:t% Southern I!v 6s Meh.. '22 99% 99% |S. W. Bell Tel. 7s Apr , ’25.109% Bla'■ Stand. Oil (Cal.) 7s Jatt.. ’31.105 105% stand. I'il (NYi 7s Jau. '25 ‘31.104% 1 ltl ! S'and. Oil (NY. 6Ns May, '33 100% I<*6- | Steel A Tube 7s 97% 98% | St. Paul I I> 5* -s Dee. 15, 'A! 98% 99% j St. L.-San Fran. P. L. 4s (N% 69 St. L.-San Fran. Adi. 6s 71% 72% Swift 7s Oct. 15, "25 100% 100% Swift 7s Aug. 15, ’3l 101% 102 Texas Cos. 7s Mch. J, ’23 101% lul% Tidewater Oil 6Ns 100% 10(1% Union Tank Car 7s 103 103% U. S. Rubber 7*is 105% 100% Utah See. 0s Sept. 15, ’22 96% 97 Vacuum Oil 7s 105% 106% Va. Car Chem. 7%s 91% 91*, Western El 7s Apr., '25 103% 103% Western Union 6%5, 97% 98% Westinghouse 7s May, '31....105% 106 Wilson 7'/is 95Vi 95% Winchester 7%s Offered 00% j Weather The following table shows the state of the weather at 7 a. in.. Jail. 10, as observed by U. S. Weather Bureaus: Station. Bar. Temp. Weath. Indianapolis, Ind... 29.HK 82 Foggy Atlanta. Ga 29.92 48 Cloudy Amarillo, Texas.,.. 29.76 36 Rain Bismarck, N. D.... 30.12 26 Cloudy Boston, Mass 29.64 36 Clear Chicago, 111 29.84 88 Clear Cincinnati, 0hi0... 29.92 34 Cloudy Cleveland, Ohio 29.90 32 Clear Denver, Colo 30.16 26 Clear Dodge City, Kan... 29 so 40 Cloudy Helena, Mont 30.20 34 Cloudy Jacksonville, Flu... 29.96 52 Cloudy Kansas City. M 0... 29.74 31 i'tCidy Louisville, Ivy 29.92 36 Fuggy Little Hock, Ark... 29.64 46 Rain Los Angeles, Cal... 30.26 48 Clear Mobile, Ala 29.76 56 Rain New' Orleans. La... 29.66 66 Clear New York, N. Y... 29.78 38 Clear Norfolk, Va 29.88 38 PtCldy Oklahoma City 29.(3) 1+ Cloudy Omaha. Neb 29.82 26 Clear Philadelphia, Pa... 29 81 40 Clear Pittsburgh, Pa 29.92 34 Clear Portland, Ore 30.58 40 Cloudy Rapid City, S. I).. 30.14 34 Cloudy Roscburg, Ore 30.54 4!) Cloudy San Antonio, Tex.. 2!).78 50 Clear Sail Framiseo, Cal. 30.32 42 Foggy St. Louis, Mo 29.82 32 Cloudy St. Paul. Minn 29.88 24 Cloudy Tampa, Fla 29.92 04 Cloudy Washington, 1). C.. 29.84 42 Clear WEATHER CONDITION'S. Since Monday rao/ning rains have fallen in the West Gulf States, due to a disturbance that lias advanced to that region from tlie Far Southwest. Light-.snow flurries have fallen in scattered areas in the Northern States, but elsewhere throughout the country the weather has been generally fair. The changes In temperature over most of the country have not been decided, but it is somewhat colder from the ,upper Mississippi Valley northwestward, and somewhat warmer over much of western highland region and tlie Middle and Southern Plains States. At 7 a. m. Monday a snow cover to the deptli of I to 4 inches lay over the northern tier of States west of the Lakes region, extending tlience southward in varying amounts to the middle parts of South Dakota and lowa. INDIANA HIGHWAYS. Travel and some thawing weather have made road surfaces smoother during the i past week. Improved highways are in j mostly good condition, while unimproved i are fair to poor, being poorer in the southwest portion than elsewhere. J, H. ARMINGTON, , I Meteorologist, YVeather Bureau.'

SWINE VALUES SHOW DECLINES Cattle Prices Generally Steady —Lambs Are Higher. RANGE OF HO 1 PRICES. Good flood Good Jan. Mixed. Heavy. Light. 2. $7.25@ 7.C0 $7.00® 7.50 SS.OO@ 8.25 3. 7.60® 7.75 7.00® 7.50 B.oo® 8.25 4. 7.50® 7.80 7.00® 7.50 B.oo® 8.25 6. 7.75® 8.00 7.50® 7.75 B.oo® 8.25 C. B.oo® 8.25- 7.85® 8.00 8.25® 8.50 7. 8.25® 8.50 7.75® 8.00 8.75® 9.00 9. 8.25® 5.75 B.oo® 8.15 S.7s®> 9.00 10. 7.75® 8.25 7.25® 7.50 8.25® 5.50 Swine prices were 25 to 50 cents lower in trade on the local live stock ex- . change today, w ith receipts around 9,000, j large receipts elsewhere and lower price j tendencies. Both local packers and shippers were in fair demand for hogs, but the strengthening effect that this might have liad on the market was more than offset by weakness elsewhere. The tact that this market has been out of line with othor markets of the country also had its Influence. Trade was fairly active during the early hours of the forenoon and a fair clearance for the day was anticipated, despite the large receipts. Light swine sold generally at $8.50, although there were a few sales of that, grade at $8.75 and rumors of sales at $9, but the buyer at that price could not be ascertained. Mixed and mediums sold at $7.75(0.8.25 and heavies at [email protected]. with a few at $7.75. Pigs brought $8.25® 8.75 and roughs $6 and down, while stags were quoted at $4.5(>@5.50. The btUk_of the sales for the day ranged at $7.75@ 8.25. Trade in cattle was fairly active and prices ruled steady generally, with weak spots in cows and heifers. Bulls, however, were strong, being again in guod demand and the supply being Rjnited. j Receipts in cattle tor the day ran close , to 1.000, while there were but few stale cattle held over from the opening market of the week. Calves were steady generally, with receipts around 500, and the demand by shippers with Eastern house connections tair. The quality was generally fair. Sheep were about steady and lambs i strong to $2 higher, with receipts close i to 1,000, the quality fair to good genI orally and competition among the buyers i keen. There was a top of sl3 on choice lambs. HOGS. Best light hogs, 15U to 180 lbs. average ? 8.23® 8..j0 Over 300 lbs 7.25(6: !.■) 150 to 300 llis 7.50(0 %>0 I Sows 5.50(0 6.1.. , Stai's 4.;i0'0 o^*o : Best pigs, under IK) lbs 8.25(0. 8.73 ! Bulk of sales 1.75® S.La I Tops *>• —Cattl* — Prime cornfed steers. 1,300 to I.SOO lbs 7.-5(3 8-59 : Good to choice steers, 1,200 to j 1,300 lbs 6.004$ 7.00 i Good to choice steers. 1,100 to i 1,200 lbs E.50<2 8.00 ; Good to choice steers, 1,000 to 1,100 ibs 5.00® 0.50 Common to medium steers, j 800 to 1,000 lbs 4.50® 5.00 —Cows nml Heifers—- * Good to choice heifers H.’iOdjl 8.00 I Medium heifers 4.0944 •> 00 ! Common to medium heifers.. 3 5094 509 ! Coed to ch ilce tows 3.25% 5.50 ; Fair to medium cows 1.25%J 2.75 Cutters I.so<<j 2.50 i Canncrs 70% 1.73 —Hulls—- ; Good to choice butcher bulls. 3 75Sj 525 ! Bologna bulls 3.255 J 3.75 Light lx* ignu bulls 2.75(iji 309 : Light to common bulls 2.50<4 2.75 Choice veals 10,306)11.50 Good veals 9,50(0 10 00 Medium veals 9.50 Lightweight veals i W j 8.00 , Common to heavyweight veals 5.00% 7.00 —Stockers and Feeders— Good to choice steers under 800 iiis 4.504.75 Medium cows 2.i o% 3.50 * uood cows 3 .V (% 4 25 ! Good heifers 5.00% 650 Medium to good heifers 4 ou t 4To ■ Milkers 37.004*73.00 —Sheep and Lambs—i Ewes 1.00% 3.50 Bucks k’. Sh't 3.50 ; Gond to choice lambs u.tmatl i.-iO mls 7.5(141 9.00 Av, k lambs o.onr.t 7..J* Gulfs 4.00(^5.00 Other Livestock j CHICAGO, Jan. 19—Hogs— U ceipts. 61,900; market, t.uriy active and 15 to 25c I lower; bulk of sal-a, ■*?.,>; top, ’sSgs; beavi s, $7.200 7.40; mediums, $7.35 j '07.7.i; lights, $7.6505; light lights, 87.90 j i/fS.I3; heavy packing sows, smooth. $6.10 ! %d.75; packing sows, rough, $4.85(0.6.25; j pigs, sßfiiV-'5. Cattle - Receipts, 12,000; . market, steady to weak; beet steers, * choice and prime, $8(0,10; medium and i good, $76(9,10; good nml choice, sß.l.V<i 10: common and medium, $5.75, n .>.15; ; butcher cattle, heifers. sl@B 25; cows, -t0n6.33; Dulls, spoO.lfr; emitters and i colic's, cows and heifers, $4618.23: -aliner eteres. 83.25(14 I 23; Veal ealvc.s, $6.7 ■ o ; 9.25; feeder steers, Sad 6.50; s'.ockcr i steers, $4.25(0,6.40: stocker cows and 1 heifers, 1.75. Sheep and lambs Itej ceipts, 20,000; market, strong to 23c high- ■ i-r : choice and prime lambs, $11.5) 1(0 12.50; I cull to common, *$9(d)10; yearling wether, j $9'0'11.25; ewes. $1.50(0,5: breeding ewes, j $2(0,4.25; feeder lambs, $9.50(0 11.50. > CINCINNATI. Jan. 10—Ilogg—Re- ( ceipts, 6,000; market 23e lower generally; j heavies, $7.75(05; mixed, $8(0,8.25; lncdij urns, $6.25(1/6,30; lights and pigs. $9; roughs, $0(o 6.25; stags, $4.25. Cattle— Receipts, 1.000; market slow, steady generally; bulls strong; calves. $11.50; few, $11.75(/tl2. Sheep and lambs Receipts, 200; market strong; ewes, $15?4.50; bucks, st; choice lambs, $12(ol2.50; seconds, $8.50; culls, $564.0. CLEVELAND, Jan 10.—Hogs—Receipts, 2,500; market 10c lower; yorkers. $9; mixed and mediums, $8.25; pigs, s'.); roughs, $6; stags, sl. Cattle Receipts, 200; market active; good to choice steers, $7.50<818.50; good to choice heifers, $5(411: good to choice cows, s4®3; fair to good cows. $3(o.1; common cows, $2(//3; good to Choii <s bulls, $4.5061;5.59; milkers :tml springers, $,'!5(R65. Sheep and lambs - Receipts, 2,500; market active; top, sl3. Calves Receipts, 200; market strong; top. $12.50. EAST BUFFALO, Jan. 10.—Hogs-Re-ceipts, 2,880; market, slow; yorkers, s9(q; 9.30; mixed, $3.50(0 9; heavies. 88(0.8.5o; j roughs. $6(%6.25; stags. $.3,506(14.50. Cattle I Receipts, less than BIO; market,! steady. Calves —Receipts, 6,009; market.! slow; cull to choice. $56(12.50. Sheep and ! lambs—Receipts. 200: market, active: I choice lambs, $136/13.75: cull to fair, $S 61)12.73; yearlings, $8(011.50; sheep, s3@ EAST ST. LOUIS, Jan. 10.—Hogs—Receipts, 18,500; market, steady; mixed and butchers, $7.406j,7.75; good heavies, $7,406/' 7.50; roughs. $5,75(6 5.85; liglits, $8.50(0 8.90; pigs, $7,756/8.10; bulk of sales, $7.40 6/7.85. Cattle—Receipts, 4,500: market, steady; native beef stei'rs. s6>//7; yearling steers and heifers. $6,506(7.39; cows. $3.’25(0 5.50: Stockers and feeders. $46(6.35; calves, $2.50(0 10; canncrs and cutters, $2,256/3.25. Sheet) and lambs—Receipts. 4.000; market, steady: mutton ewes, $5(o: 5.75; good to choice lambs, $lO6/12; winners and chopiers, sl6/2. PITTSBURGH, Jan. 10.—Ilogs—Receipts, 1,300; market, 25 to 50 cents lower; prime heavies, $7.75@5; heavy yorkers, $8.90@9% light yorkers, $8,996/) 9; pigs, $.8,756/9; mediums, $8,906/9; roughs, $66(7.75; stags, [email protected]; heavy mixed, $8,406(8.50. Cattle Receipts, 1,300; market, steady; choice, $8,506/9;! prime, [email protected]; good, $7,506/8; tidy ] butchers, [email protected]; fair, $66/0.75; com-! u/on to good fat bulls, $3,506/5 90; com-! inon to good fat cows, [email protected]; heifers, $1,256/0.75; fresh cows and springers, j I $35(880; veal calves, $12.50; heavy and j j thin calves, SB6/9. Sheep and Lambs— | Receipts, 350; market, steady; prime* I wethers, $0.5065)0.73; good, $5,506/ 0.25; ! fair mixed, $1.5(>@2.23; ch-oice lambs, ! I $13.09. t I.EVEL YN D PRODUCE. CLEVELAND. Jan. 10.—Buther-Extra. in tubs, 40%6/ He; prints, 41%@42c; extra firsts, 39%@10c; firsts, 38%6139c; seconds. 31%67,32c; packing stock, 20@ 23c. Eggs—Fresh gathered, northern j extras, 42c; extra firsts, 41c; Ohio firsts,! new cases, 38%e; old eases, 38c; western firsts, new cases, 37c. Poultry—Live, iieavy fowls. 296/30c; Spring culls, 23c; spring ducks. 28@30e: turkeys. 40c. Potatoes—Michigan, $2.95 per 150-lb bag; Early Chios, $2.10 per 120-lb bag. SweetPotatoes—Jerseys, $1.85%2 per hamper.

GRAIN PRICES CLOSE LOWER Rains in Southwest Chief Factor in Mart Trend. CHICAGO, Jan. 10. —Grain prices were lower on the Chicago Board of Trade today. Trade was small and there was selling by commission houses, which was Influenced by the fact that good rains were had in parts of the dry sections of the Southwest. Provisions were higher. May wheat opened at $1.11%, off %c, and closed off 2%c. July wheat opened at $1.00%, off %c, and closed off 2%c, May corn opened at 53%c, off %c. and closed off %c. July corn opened at 57%c, off %c, and closed off %e. May oats opened unchanged at 38%c and closed off %c. July oats opened unchanged at 39%e, closing off %c. (Bv Thomson & McKinnon.) —Jan. 10.— Wheat —Good soaking rains over parts of the Southwest where needed have left the market entirely dependent upon computations supposed to show an ultimate scarcity for support. The extreme dullness in export, milling and investment circles, which has been so pronounced, is still in evidence and seems to have tired out some previous holders. This is the inevitable result of an excess of supplies in sight at the moment. It is expected that the grain corporation will take around 1,000,000 bushels of seed wheat for shipment to Russia, but outside of this, there is no export business, in fact, a small amount of Gulf wheat was reported cancelled. Cables quote Argentine wheat as xvinters. YVe remain of our previously expressed opinion that a considerable betterment in either export or milling demand is necessary to prevent the hedging load against the visible supply becoming burdensome. Corn and Oats —Ti e export demand for corn is rather keen, bids at interior points being relatively % cent higher than yesterday, with the demand not entirely supplied. Sales from this market were over 600,000 bushels. It is natural that both corn and oats should experience a little liquidation in sympathy with the action of wheat, but we think both of these markets are displaying independent firmness. Having in mind the probability that the export demand for torn will take care of the movement from the country, if not possibly decrease the visible supply and feeling also that the movement of oats to terminal markets will be made, while the domestic trade will Improve, we see no virtue in attempting to profit by any decline which is sympathetic with wheat. I’rovisions —There has been a better general demand in the provision market, prices not. being particularly responsive as some realizing sales were encountered. Tin- hog market, closed strong, with the early loss regained and estimated receipts are disappointing. CHICAGO GRAIN TABLE, —Jan. 10— WHEAT — Open. High. I.ow. Close. May.... 1.11% 1.11% 1.08% 1.09 July 1.00% 1.00% .98 .98% CORN— May 53% .53% .52% .52% July..., .51 7 .54% .54% .->4% OATS— May 38% .38% .37% .37% July..., .39% .39% *38% .33)8 PORK—•Jan 15.40 LAUD—*.lun...„ 8.90 May 9.20 9.25 9.17 0.22 RIBS Jan 8.00 8.02 8.00 5.02 May.... 8.10 8.12 8.07 8.12 RYE— May 84% .84% .81& .81% ♦July 7(1 ♦Nominal. CHICAGO CASH GRAIN. CHICAGO, Jan. 10.—Wheat—No. 2 red. $1.15%; No. 1 hard winter, $1.11%. Corn No. 2 mixed, 4s( s /l''%c: No. 2 yellow, 48%6/49c; No. 3 mixed, 476/47■ ,c; No. 3 white, 476/47%c : No. 3 yellow, 476/ 47%c; No. 4 mixed, 406(40%c; No. 4 white 106(46%e; No. 4 yeliow, 464/isc. Oats— No. 2 white. 36*:“'./37 %c; No. 5 white, 33%6/35c; No. 4 white, 336/34c. TAO I.EDO GRAIN' I’BIUKS. TOLEDO, Jan. 10. —Wheat—Cash, $1.15 6; 113; May, $1.19: July. $1.04%. Corn —Cash. 526/530. Oats - Cash, 39'a6/)1 '.jc. Rye—Cash, 82c. Barley—Cash, 62c. FRIMARY' MARKETS, (By Thomson A McKinnon.) —Tan. 10Wheat Corn Oats Sr Joseph.... 22.000 28,000 2.000 Chicago 29.0*0 778,000 197,000 Milwaukee .. 1.000 135,000 93,000 Minn /pel’s - 208.000 71,000 21.000 Duluth 27.000 40.000 28,000 St. Louis 26.000 217.0(H) 50,000 Toledo 8,00 38,000 14.000 Detroit 11,000 28.000 11.000 Kansas City.. 120.000 35.009 22.0(3) l'eoria 20.090 126.000 40.000 Omaha 10.000 101.000 16.000 Indianapolis.. 8.000 104,000 130.000 Totals 470.00i) 1,701.000 636.000 Year ago... 828,000 1,559,000 689,000 —Shipments— Wheat Corn Oats St. Joseph 5.000 18,000 4,000 Chicago 41.000 401.000 82.000 Milwaukee ... 3.000 103.000 37,000 Minneapolis . 90.000 62,000 141,000 ! Duluth 7.000 | St. Louis 08,000 49,000 45,000 Toledo 4.900 fI.OOO Detroit 7.000 Kansas City.. 197,000 41.000 7.000 I’coria 50,000 23.000 ; Omaha 37,000 55,000 34,000 Indianapolis 25,000 14,000 Totals 462.000 822.000 387.000 Year ago.. 634,000 610,000 433,000 —Clearances — Wheat Corn New York 3,000 9,090 Philadelphia ........... 73,000 New Orleans .......... 112,000 129,000 Totals 115,000 211,000 Y'car ago 202,000 ...... INDIANAPOLIS CASH GRAIN. —Jau. 10ltids for car lots of grain and hay at flic call of the Indianapolis Board of Trade were: Corn —Steady to firm; No. 3 white, 48% 6/50%e; No. 4 white, 48%@49%c; No. 3 yellow, 45%6/'49 I '2C; No. 4 yellow. 47% 6/(S'/e, No. 3 mixed, 47%6/4s%c; No. 4 mixed, 46%6/)47%c. Oats—Steady: No. 2 white, 38%6(39%c; No. 3 white, 3G%6/3S%e. Hay—Steady: No. 1 timothy, $17.59@ 18: No. 2 timothy. ¥176(17.50; No. I light clover mixed, $16,506/ 17; No. 1 clover, sl9 6(20. —lnspections Wheat—No. 2 red, 1 car: No. 3 red, 1 car: sample, 1 car; total, 3 cars. Corn—No. 3 white, 1 car; No. 4 white, 7 cars; No. 3 yellow, 2 cars; No. 4 yellow, 15 cars: No. 5 yellow, It cars; sample yellow, 12 cars; No. 3 mixed, 2 cars; No. 4 mixed, 2 cars; No. 4 mixed. 8 cars; No. 5 mixed, 3 cars; No. 0 mixed, 1 car; total, 62 cars. Oats—No. 2 white, 1 car; No. 3 white, 5 cars; .No. 4 white, 2 cars; sample white! 1 car; total. 9 cars. Rye—No. 3, 1 car; sample, 1 car; total. 2 cars. Hay—No. 1 timothy, 1 car; no grade, 1 car; total, 2 cars. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay-Loose timothy, $16.006117; mixed hay, $156/10; baled hay, $176618. Oats—Bushel, new. per bushel, 32@35c. Corn—Old, per bushel, 54@60c. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today were paying $1.14 per hushed for No. 1 red winter wheat; $1.12 for No. 2 red winter and according to test for No. 3 red winter. Oats were quoted at 27c per bushel for No. 3 white or better. INDIANAPOLIS PRODUCE. Eggs—Loss off, 356/30c. Butter—Packing stock, 15@17e. Poultry—Fowls, 166/) 23c; springs, 19@23c; cocks. Il<gl2e; stags, 136/15c; capons, 7 lbs. and up, 33c; capons, under 7 lbs., 20c; capon slips, 7 lbs. and up, 27c; capon slips, under 7 lbs., 23c; young hen turks. 8 lbs. and up, 39c; young tom turks, 12 lbs. and up, 356/39c; old tom turks, 31@32c; cull thin utrkeys j not wanted; ducks, 4 lbs. and up, 166/19c; 10 U>s. and up, 146116 c; spunks, 11 lbs. to j dozen. $6; young geineas, 2-lb. size, per] doz . $76/7.50; old guineas, per doz., $4 ! (£4.30. Butter—Local dealers are paying 386/ ! 39c per lb. for butter delivered in Indianapolis. Futer Fat—Local dealers are paying 35c per lb. for butter fat delivered in Indianapolis.

Local Stock Exchange —Jan. 10— STOCKS. Bid. Ask. Ind. Ry. & Light c0m...... 60 Ind. Ry. & Light, pfd 75 Indpls. Ac S. E. ptd ... 60 Indpls. & N. W. pfd 60 Indpls. St. Ry 40 46 T. H., T. & L. pfd X. H., I. & E. com 5 T. H.. I. & E. pfd 12 U. T. of Ind. com ... U. T. of Ind. Ist pfd U. T. of Ind. 2d pfd - Advance-Ruinely com ... Advance-Rumely pfd ••• Am. Creospting pfd 92% ... Am. Central Life 175 Belt. R. R. com 68 76 ♦Belt R. R. pfd 48 C„*ntury Bldg. Cos. pfd 92 Citizens Gas Cos 25% 27% Dodge Mfg Cos. pfd 88 ♦Home Brewing 43 ... Ind. Hotel con, 65 ... ♦lnd Hotel pfd 96 ... Indpls. Nat. Ins. Cos 3% ... Ind. Title Guarantee C 0.... 45 06 Ind. Pipe Lines SI 87 Indpls. Abattoir pfd 41 50 ♦lndpls Gas 45 Indpls. Tel. com 2 Indpls. Tel. pfd...., 90 ... Mer. Pub. Util, pfd 48% 56 Natl. Motor Car Cos 1% 3% Pub. Sav. Ins. Cos 4% ••• Rauh Fertilizer pfd 43% ... Standard Oil of-Indiana.... 84% 86% Sterling Fire Ins. Cos 7 8 Van Camp Hdw. pfd 100 Y’an Camp Packing pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. com 3% Vandalia Coal Cos. pfd 4 10 Wabash Ry. pfd 18 BONDS. Broad Ripple 5s 55 65 Citizens St. Ry. 5s 55 60 Indian Ck. 00.11 and Mine 160 Ind. Coke & Gas 6s 82 89 Indplx C. & S. 5s 91 Indpls. 5: Martinsville 55.... 56% ... Indpls. North 5s 37 42 Indpls. &N. YV. 38 49% 54 Indpls. & S. E. as 54 Indpls. S. S E. 3s 73 Indpls. St. Ry. 4s 55 60 Indpls. T. k T. 5s 76 79 T. H.. I. & E. as 50 U. T. of Ind. Cs 45 52% Citizens Gas 5s 82% 92 Indpls. Gas Cos 81% 90 Kokomo M. A \\’. 5s 81% 89 Ind. Hotel Cos 2<t its 95 ... Indpls. L. &H. 5s 81% 90 Indpls. Water Cos. 5s 92% 95 Indpls. Water Cos. 4%s 79 85 Mer. 11. & L. 55.... 96 99% New Tel. Ist ffs 95 ' New Tel. L. D 5s 94 Sou. Ind. Power 5s SS% •Ex-dividend. Local Curb Market (By Newton Todd) —Jan. 10.— Am. Hominy com 14 20 Central and Coast Oil 2 Choate Oil Corn % 1% Columbia Fire Ins. Cos 6 7% Comet Auto 1 2' : Dayton Rubber Units 51 Si Dictorgraph Prod, pfd 42 52 I>. YV. Griffith 8 9% Elgin Motor Car 2 3% Federal Fin. Cos. pfd 76 86 Fed. Fin. Cos., com 121 128 Gt. Sou. Prod. A Kef 5 6 Indiana Rural Credits 50 60 Metro. 5-500 Stores coin 6 9 Metro. 5 50c Stores pfd 20 27 National Underwriting 3% 5 Rauch A Lang Units 26 36 liub.-T >x. Units 14% 16% U. S. Automobile Units 6s 78 U. S. Mfg. Cos. Units 150 104 RANK STOCKS. Commercial Natl. Bank 71 81 Continental Nat'l. Bank lot* lit, Indiana Trust Cos 175 l'.K) Indiana Natl. Bank 260 270 Merchants Natl. Bank 259 Security Trust Cos 130 State Savings and Trust .... 91 98 YY'ash. Bank and Trust Cos 150 In the Cotton Market j NEW YORK, Jan. 10—Small ginning figures for the period had a stimulating effect on cotton prices at the opening today and the list opened 9 to 17 points higher. Liverpool, Japanese and other foreign j interests were the best buyers. Selling was quite active, mostly from YV//11 street and Southern wire houses, and eventually cheeked t-he rise so that by the end of the first fifteen minutes quotations were oft a little from initial levels. Three notices were issued. New York opening cotton prices: March, 18.40 c; May, 1>.02c; July, Jl.IUc, October, 16.72 c. The market was weaker during the afternoon. The close was steady at a net decline of 14 to 50 points. —COTTON REVIEWNEW YORK. Jan. 10.—The ginning report published this morning was about the only it "in of Interest in the market. Its publication was followed by a cover* ing movement, establishing a moderate gain in price, but tlie bulge merely served the purpose of bringing out profit taking ami a renewal of professional selling. The gain was quickly lost aud then followed a decline well bclnv yesterday's final figures. These moves up and down may be expected for some time until we have a more definite basis on which to act and to attract anew public interest. So far as we are able to see the preparations for the new crop will have to supply the new Incentive and, until then, we ran expect nothing more than a trading market with a tendency to market cotton on the bulges. LIVERPOOL, Jan. 10.—There was a moderate volume of business in spot cotton at the opening of the market here today. Prices were steady and sales around 8,000 bales. American middlings fair, 12.49d: good middlings, 11.84d; full middlings, 11.44d; middlings, I i.o9d. low. 9.91 U; good ordinary. 8.39; ordinary, 7.64d. Trade in futures was dull during the initial hour. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift A Cos.: Ribs —No. 1,18 c: No. 2,15 c. Loins —No. 1, 22c; No. 2. 18c. Rounds—No. 1. 14c; No. 2, j 12c. Chucks —No. 1. 9c; No. 2, Sc. Plates —No. 1. Sc: No. 2. Bc. CHICAGO PRODUCE. CHICAGO. Jan. 10. —Butter—Receipts. 11,500 tubs; creamery extras. 32c; firsts. 20©!31c: packing stock, 1 Of//1 Sc. Eggs— Receipts, 5.000 cases; current receipts,' 27@28%c; ordinary firsts, 25026 c; firsts,! 29%e; checks. 21@22e; dirties, 23@24e. Chocs—Twins (new) 20c; daisies, 2t>@ 20%c; Young Americas, 20%c; longhorns,' 20%e; bricks. 17c. Live poultry—! Turkeys, 35c; chickens. 26c: springs, 29c;! roosters. 17e; geese, 21c; ducks. 29c. Po- • tatoes—Receipts, 47 cars; Wiseonsins. $2 i (0. 2.15 per 150-lb. bag; Mlnnesotas, $1.90 @2.10; Idahos, $2.35. TOLEDO SEED PRICES. TOLEDO, Jan. 10.—Cloverseed—Cash and January, $13.80; February, 13.75; i March, $13.00; April, $12.90. Alsikc— Cash, $11.80: February. $11.90; March, $12.10 bid. Timothy—Cash and January, j $3.20; Feb*nary. $3.25; March. $3.30 bid. ■

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I buy INDIANAPOLIS GAS COMPANY NEWTON AND CITIZENS GAS COMPANY Ultnm TQDD SELL 415 LENICKE BLD3. ■ UISIS

CHEAP MONEY LENDS STRENGTH TO STOCK MART Progress in Clearing Political Situation Is Also a Big Factor. DOLLAR RAILS ARE WEAK LONDON. Jan. 10—The stock market had a cheerful tone yesterday due to favorable influences of the Irish treaty ratification, the progress of the Cannes, conference and the cheapness of money. The gilt edged market saw a moderate general advance, while foreign bonds moved upward in response to improved ! European currencies. Home rails were firm in price, but showed little dealing. Dollar Wis showed weakness in Canadian Pacines and foreign rails were dull. Business in all industrial issues was exceedingly slow, but irun, steel and engineering showed some gains. The oil market registered slight changes. Mexican Eagles were 3 Shells 4% and Royal Dutch 36. The mining market had a sinking tendency in both Africans and Americans. Lombard street still was inundated n a superabundance of loanable credit, with overnight money down to •. Day to day money was 3 percent and fixtures 3*4 per cent. Bar silver rose to 3o l 4d and 35Vid for spot and forward. —Copyright, 1922, by Public Ledger Company. Italian Girl Dies for New Found Love Special to The Times. INDIANA HARBOR, Ind., Jan. 10 Namino Nunziato, who came from Italy to wed Anthony Tirlizzi, is dead today because of her loyalty to the new love she found in America. Six months ago Anthony and his mother, Mrs. Marie Tirlizzi, sent Namino S6OO to come to the United States. Another sweetheart drove Anthony from her heart and she refused to marry the Tirlizzi youth. Enraged, Anthony's mother shot her three times, it is charged. Anthony refuses to leave her bier. Booze Party Ends < in Death of One< Special to The Times. CLINTON, Ind., Jan. 10.—An all night booze party in the bachelor quarters of l’ete Mas/a at Centenary was followed by Massa shooting ansi kilting his next door neighbor, John Villa, 31. Villa was shot three times with a revolver and once with a shotgun by his drinkcrazed host. Massa and two other guests fled but the slayer was later found In an old shed near the town by Prosecutor K. L. Guinn. Say War Department to Offer WASHINGTON, Jan. 10.—Announcement of the acceptance by the War Department of Henry Ford's compreheni sive offer for the great Muscle Shoals nitrate project will be made following a ■ conference here the latter part of this week of Secretary of War YY'eeks and Ford, it was learned today from sources in close touch with the negotiations.

Opportunity Today's Investment Frankfort, Ind. 5% School Sends SI,OOO each Semi-annual coupons Jan. 1 and July 1 Maturing serially, $15,0C0 each year from 1924 to and including 1938. Exempt from all Federal, Income, State, Municipal and Local taxes. Prices To Yield the Investor 414% In’crset A very good bond. Good Investments. Te Fletcher American Company?^ Second Fl*or F.dck.-r Aserit-e EaV tUf. INDIANAPOLIS * , CV- r> Cttr.vt LiahviZ. SccU Bui PRIVATE WIRE TO PRINCIPAE MARKETS

SUGGESTIONS fOR PROFIT How S3OO may margin a ! group of selected listed j stocks returning a dividend ! every month in the year. The outlook for Sears-Roelmck. What Penn. R.R. is facing. How to use the lessons of 1921 in making good investments in 1922. These subjects comprehensively treated in our Curr/nt Market Review. You may obtain a copy upon application for NT-87. E M FULLER & CP ESTABLISHED — ~ I Member* CcnsoUdatcd Stock Exchange of Seu r York, ] 50 Broad St. - New York j (CHICAGO - PTTTSBTLS2iB ! BOSTON - CLEVELAND PIiILADEPKIA - HLiCASOi ; I