Indianapolis Times, Volume 34, Number 214, Indianapolis, Marion County, 17 January 1922 — Page 11

STOCKS REGAIN ACTIVITY; CALL MONEYBOOSTED Market Buoyant, Though Irregular, With Profit Taking in Evidence. RAILS SHOW STRENGTH Special to Indiana Daily Times Philadelphia Public hedger. BY MONITOR. NEW YORK, Jan. 17.—1 t would require two chapters to Eire accurate description of the day’s stock market, which developed a marked increase In activity. In the forenoon impressive strength was displayed by the rails, motors, oils and specialties. The rise in call money from 3Mi Per to 6 before the close, caused a reaction which materially reduced the early gains. Asa result, a buoyant market was converted into one of considerable irregularity, and profit taking exercised a preponderant influence over buying. Meantime, an active buying movement had made its appearance in the investment section, although much of the demand appeared to be of a speculative character. In the forenoon upturn the prominent features of strength weje Atchison, Southern Pacific, Northern Pacific and Norfolk and Western among the rails, while Studebaker and Chandler led the motors. There was considerable activity and strength among the motor accessorystocks. A sharp covering movement developed In Mexican Petroleum, causing an advance of more than three points in that issue. The steels were only moderately active, with the exception of Gulf States which had a fairly sensational rise on eports of a struggle for control. There is a story to the effect that Henry Ford will require Gulf States Steel to round out his Muscle Shoals proposition. The hardening of money rates may be accepted as entirely logical In view of Pe unwillingness of out of town banks to let funds remain on call at 3V6 per cent for any extended period.—Copyright, 1922. by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. Call money, which had opened and renewed at 3Vi per cent, advanced to 6 per cent in the afternoon. Loans were called on a larger scale than in recent weeks. Purchasers of stocks during the last, week had attractive orofits which they sought to convert into cash on the advance in the money rate, with the result that prices were reactionary generally in the late afternoon. -While a (1 per cent rate is not expected to be maintained. the attitude of our-of-towu banks in withdrawing funds indicates to bankers that money will not be kept here at a rate below 4 jjer cent. Strength and activity in the high grade investment rails was the outstanding feature in the early trading. For the first time in two years Atchison sold at par. There was a thin market in the stock, no sales being recorded between 90 and 100. but on the reaction in the afternoon there wa san excellent demand for the stock at 9SU. and just below. Some hopeful souls suggested that the advance in Atchison indicated the possibility of an increased dividend rate to 7 per cent this year. Manifestly with the conference now in progress on the labor situation, no such action is contemplated.

A large floor trader was the principal buyer of Southern Pacific, giving as the reason that Atchison is nor worth 20 points more thaji Southern Pacific. Ho failed to obtain any substantial following, an# sold his stock in the afternoon. The stock was taken by firms which , sometimes act f.-r banking interests identified with the property. Bwitb York show Saturday, motor man ' facturers have a well and this year's motor car market. It is significant that the Studebaker Corporation will not change its plans for producing 24.000 cars during the first quarter. Following the New Y-rk show, exhibits will be held in most of the larger cities of the country during the text two months. This is expected to stimulate the publicappetite for motor stocks. National Enameling and Stamping was heavy on a report that the annual statement probably will show a deficit after dividends of about $3,000,000. 'I ne St. Louis Coke and Chemical Company, in which the former company has a large interest, recently passed its dividend. In some quarters it is held that at she meeting next month an annual disbursement of S3 per share will be authorized, but the general impre-sion is that no dividend will t e declared. Studebaker made anew high for the movement above SO and reacted a point under profit taking sales. The financial position of the corporation is understood to be stronger than ever before. It Is said that it entered 1922 with $9,000,009 in cash and no bank loans as compared with $4,000,000 in cash and bank loans of $8,300,000 a year ago. There is understood to be a large short interest in the stock which was increased rather than decreased during the day’s transactions. Stromborg carbureter. Stewart Warner Speedometer, Chin Bod} and Blower and other autombile accessory stocks were strong in sympathy with the movement in Chandler and Studebaker. Stroqiberg above 40 and Chandler above 37 estab new high prices for the present Wpov--. The i- motion in those stocks this ■ ti, and is sftiH firms which have been buyers of these stocks not to indicate any halt in the present movement. Guif States Steel showed an advance of nearly 3 points at the opening, the first sale at ;>4 campr.riiig with 51 Vi at the close Saturday. Circulars have been sent to stockholders by a firm of attorneys asking them to name a price for the saber their holdings, it is understood that the, attorneys represent a syndicate in which some residents of Birmingham are Interested. It is pointed -out there are only $2,000,000 of 7 tier cent preferred stock ahead of the $11,000,000 of common stock, and that during November and December a surplus was shown although operations were at only aproximatelv CO per cent of capacity. Chicago. Milwaukee and Sr. Paul common arid preferred both were strong on the announcement that the Interstate Commerce Commission has authorized an extension of five years of the $25,090,000 which the company owes the G •vernmetif and which is due April 1. Profit taking in the afternoon cancelled most of the gain in the senior issue. .Murket Street Railway Company repoffts for December operating revenues of A815.27G, operating expenses and taxes $028.35-32. operating income $180,944. non operati'-pg income 53,717, gross Income $190.661,\ and net income $120,590. This stock baN advanced steadily from 36W. on buying bjsr houses with Philadelphia connections. \ The snrrio character of selling which wt' In evidence in Corn Products on Its first advanev- to 100 was in evidence again. It was reported (bat anew short interest is being developed prior to a final sharp advance. If\ is g-ne/aily known rhat the controlling interest in the company • opposed tot ar Increase in the divtnd rate huh \ usually well-informed quarters the opinion is hell that before the present year expires, a stock dividend will be (declared and a regular rate of 6 per cent.’,as compared with the present 4 ner cent and 2 per cent extra will be fixed < n all outstanding stock. Appointment of a receiver "or E. P. Pier Sc Cos. and the suspension of the firm from the New York curl market association was not a snrpr se t financial district and was wit.unit effect upon the market. Judge Julian Mack in the T'nited States District Court named Mnnfred IV. Eh rick receiver If is reported that liabilities are about $4.000.,m9. Raymond E. Durham, president -■? the Jewel Tea Company, is about t, rntire snd will be succeeded by Vlr- Pros'd, -it John M. Hancock, it was reported. T'-i der Mr. Durham’s administration the company has transformed an op, -sting defleft -into a moderate profit, and outstanding notes have been reduced $2 - 500 000 leaving only $1 000,090 outstanding. This matures May 1 3922. by Public Ledger Company.

LIGHT SWINE PRICES HIGHER Heifgrs 25 to 50 Cents Up— Calves Strong—Sheep Steady. RANGE OF HOG PRICES. Good Goot: Good Jan. Mixed. Heavy. Light. 9. $5.2.5® 8.75 SS.OO@ 8.15 $8.75® 9.00 10. 7.75® 8.25 7.2 5® 7.50 8.25® 8.50 11. B.oo® 8.35 7.50® 8.00 8.25® 12. 8.50® 8.7', B.oo® 8.25 8.75® 9.00 13. B.oo® 8.25 7.75® 8.00 8.25® 8.50 14. 7.75® 8.00 7.50® 7.75 B.oo® 8.40 16. 7 80® 8.25 7.75® 8.00 8.25 @ 8.50 17. 7.90® 8.25 7.80® 8.00 8.35® 8.65 Swine prices ruled strong to 15c higher , in trade on the local live stock exchange i today. Heavies, mixed and mediums were , steady to strong, while many of the light swine sold at prices that were fully 15e | higher than were the values of the market of the previous day. Receipts for the day were light, and under ordinary circumstances prices : would have been stronger, but the effect of light receipts was again offset by the trend of the, Chicago mart, which early showed uncertainty. There were close to 5.000 fresh receipts, while there was no j holdover to speak of. Buying was of a general nature, both packers and shippers showing fair de- ■ mands. During the first hour there was some slowness in establishing the market, due ; to the fact that prospective buyers were i bidding steady prices and commission men were asking higher values. A fair clearance for the day was an- j ticipated. Trade in cattle was of a fair nature. Receipts ran close to 500 and there was a fair demand by practically all packers. Prices ruled steady generally, but due to tin inadequate supply good heifers were 25<550e higher. Cows, eanners, cutters and steers were steady, as were bulls. Calves were 50c to $1 higher, with re- ; ceipts close to 500 and the demand good. Both sheep and lambs were steady, with receipts f„r the day running close to 300, the quality fair and the demand good. HOGS. Best light hogs, 150 to 180 lbs average $ 8.35® 8.63 Over 300 lls 7.75(06 7.53' 1150 to 300 lbs 7’.Ss® 8.65 j Sows f .50® 6.00 Stags fi.TJki 5.50 i Best pigs, under 140 lbs >2s<ir 8.75 • i Bulk of sales B.oo® 8.33 ; Tops 5.65 —Cattle—- ; Prime cornfed steers, 1,300 to 1,800 lbs 7.00® 8.00 i Good to choice steers, 1,200 to 1 1,300 lbs 5.50@ 6.50 j ; Good to choice steers. 1,100 to 1,200 lbs 5.00'® 5.50 ; Good to choice steers. 1,000 to 1.100 lbs 4.75® 5.00 : Common to medium steers, 800 to 1,000 lbs 4.25® 4.75; —Cows and Heifers — 1 Good to choice heifers o.oo® 8.00! Medium heifers 4.50® 6.00 . Common to medium heiferS.. 4.00® 4.50 - 1 Good to choice cows 3.00® 5.00 , i Fair to medlfHa cows LOOM 250 Cutters 1.255i 2.50 j Canners 75® 1.30 ; —Bulls— Good to Choice butcher bulls 3.50® 4.75 Bologna bulls 3.00® 3.50 Light bologna bulls 2.sofqi 275 Light to common bulls 2.00® 2.50 —Calves— Choice veals 12.00(313 00! Good veals 11.000212.00 Medium veals 9.obtain 5u Lightweight reals 7.30® 8.50 Common to heavyweight veals 6.OU® 700 —.Stockers and Feeders— Good to choice steers under 800 lbs 4.50® 4.75 j Medium cows 2.00® 3.50 ; Good cows 3.50® 4.25 G I heifers 5.00® 6.50 Medium to good heifers 4.00® 4.75 Milkers [email protected]; —Sheep and lambs— Ewes I.oo® 4.5<> Bucks 2.50® 3 50 Good to choice lambs 10.00®l:: oo : Seconds 8.l*)®10.00 Buck lambs 6.50® 8.00 Culls 4.00® 5.00 ,

Other Livestock

CHI' AGO, Jan. 17.-- Hofrs—Rpcpipts ■ ; market active anr, loronTte higher; tv:lk of sales. $7.75'tf8.25; top. $8.50; heavies, $7.70@8; mediums, $7,904/830' lights and light lights. $8.25fi!8.50; heavy packing sows, smooth, Sk.Oovi 7 ;t,7; pek-1 ing sows, rough, $6.25® 7.:®; pig*. sS(fc x 73. 1 Cattle—Receipts. 0,000 ; market strong to 25c higher. licet' steers—Choice and prime, s9<gßo; medium and good. $6.85 <39.10; good and choice, $8 154/10; com mon anand medium, cafUc -Heifers. s4(s'B; rows. $3.50(5:0; bulls. Canners and cutters—j Cons and heifer®, $2.3543i3.50; eanner steers, $5.25<g4.25' veal calves, $6.77.®9.50: I feeder steers, ss.^j(g'7; stock-r steers. 1 ?4 "><)<§:G.Ss; stocker t ows and heifers. s3<ff 5.25. Sheep and iambs Receipts, 13.000; ! market generally strong to 25c higher; good to choice iambs. $i1.754£13; cull and comon lambs. $9,254? 11.50; yearling weth ers. fO.oOfe 11.75; ewes, $.".(£7.50; cull and j common ewes, $2.7567 1.73; t .Older lambs i [email protected]. CINCINNATI, Jan. 17.—Hogs—Receipts, 2, T00; market, 25 to 50 re//(s ! higher; heavies. SS4/,8.23; mediums lights i and pigs. $8.75; roughs, $; stags, $4.25. i Cattle—Receipts, 41X1; market, steady bull market demoralized; calves, sl2@! 12.50. Sheep and lambs—Receipts, 400;, market, steady; ewes, $4.50: bucks, $3;; choice lambs, sl3; seconds SO; culls. $54/ e. CLEVELAND, .Tan. 17.—Hogs—Reoeipts, 1.500: market 356750 c high r; > yorkers. $.x.504j5.75; mixed, $8.35; | mediums. $8 35: pigs, $5.75; roughs, $<(;; stags. $4. Cattle—Receipts, 200; market I steady generally. Sheep and Jambs— Re- ; ceipts, 500: market 25c higher; top. $1325. j Calves—Receipts, 150; market 30@50c i higher; toj. $12.50. % EAST BUFFALO, N. 4'., .Tan. 17.—Hogs I and pigs. s.s.s(Mg9; mixed, $8,50/^8.75 : j heavies. sB4l S.st; roughs. $6,256/6.50; j stags, $3.50414.50. Cattle- -Receipts. 250:1 market slower; shipping steers, $7,254/ ! 8.25; butcher grades. f7@B: heifers ss4r 7.50; cows, $2.25(0 5.50; hulls, s3.s<%<j; milk cows and springers. $256/, 125. Calves —Receipts. 1(K); market active; cull to choice, $54?. 13.50. Sheep and lambs Receipts, 1.200: market active; choice lambs, [email protected]; cull to fair, $84?; 12.50; yearl.ngs, SB4/11.50; sheep, [email protected]. EAST ST. LOUIS, Jan. 17—Hogs—Receipts, 8,000; market, irregular and higher; butchers, 35 to 50 cents higher; others, 50 to 00 cents higher; mixed and butchers, $7.90(38.15; good heavies, $7.50 67 7.85; roughs, $54/0.50; lights, $8,154/' 8.50; pigs, SB4/8,50; bulk of sales, $7,754/ 8 30. Cattle—Receipts. 4.500: market, slow and lower; native bgef steers. $74/ S; yearling steers and heifers, $74/8,50; cows, $3,254/5.50: stockers and feeders. $44/5.75; calves, $34/10; canners a/id cutters, $2.2.54/3.25. Sheep and lambs—Re ceipts, 2.500: market, 25 cents higher; mutton ewes, $5.754/0.50; choice lambs, $9 504/12.50; ca/mers and choppers. sl4; 3.50. PITTSBURGH, Jan. 17.—Hogs—Receipts, 1,500; market, steady: prime wethers, $7.75418: mediums, $8.754/8.911; heavies. $8.75(58.00: light yorkers, $8.75(3! 8.55; pigs. $8.75(5 9: roughs. SO4/0.50; stags, $3,504/! 4. Cattle—Receipts, less than 10O; market, steady. Calves —Receipts, light; market, steady: veal calves. $12.50; heavy and thin calves, $547)8. Sheep and lambs—Receipts. 300; market steady; prime wethers. $7.25617.50; good mixed, $6,504/7: fair_ mixed. $5410; culls and commons, s2@3 :”cUoiee lambs, $13.50. DYING* WOMAN MAKES CHARGE Wife of Writer Says He Made Her Take Poison. PARIS, Jan. 17.—Mrs. Audrey Creighton Ryan. 22, who declares her husband, Thomas S. Ryan of Muskogee, Okla.. a writer, compelled her at the point of a knife to swallow three bichloride of mercury tablets, was still alive today In the American Hospital at Neuilly, but was much weaker. Her husband is detained by the police pending the outcome of the wife's condition. Doctors at the hospital say Mrs. Ityan cannot recover. Her mother, Mrs. Creighton of San Francisco, Is constantly at her daughter's bedside.

DEMOCRATIC IS LASTING PARTY, ASSERTS MYERS Tribute to Woodrow Wilson Is Feature of Jackson Day Speech. G. O. P. WEATHER VANE Special to The Times. BLOOMINGTON, Ind.. Jan. 17.—“ When Democratic success begins in the elemental units of the Government, it is most significant; and surely It has begun when forty-six cities and towns out of seventy-four in Indiana have returnrrt Democratic majorities,” Walter. Myers of Indianapolis declared in a speech at a Jackson day dinner here last night. He pointed out that the country people have not yet had a chance to speak, but expressed the opinion that when they have an opportunity they will speak the same language as spoken in the cities. “The strongest proof that the Democratic party is built upon a rock lies in its ability to withstand the onslaughts of time and temper, mood and prejudice,” Mr. Myers, said. "It always conies back. It may take time and effort, tireless effort; but it does come back. The Democratic is the only party that has lasted since the early days of the Republic; and it has survived because firm adherence to principle makes it a better pasty in defeat than the Republican or any other is in victory. LIKENS G. O. I*. TO HEATHER VANE. “The Republican is a party of practical politics. What It lacks in performance it makes up with promises. Its weather vane is ever with the prevailing wiud. On the other hand, the Democratic party is constant, combining sane statesmanship with lofty Ideals. Planning for the future, It follows a rigid policy of right and justice that is best for all in the long run, and yet flexible enough to meet the demands of every day with the utmost promptness, county and decision and the least annoyance awl burden.” Mr. Myers paid a tribute to Woodrow Wilson. lie declared that in the readjustment after Che war “the voices of the survivors united with the souls of the slain in the demand that readjustment should be made on the basis of lasting peace for all people." "One whose ears were attuned wit!}, sympathy was a veteran of the war who lives in Washington,” he said. “His fingers tremble arid his step is lame. Ills trudging body leans upon a stick. lie was permanently disabled in line of duty. He was commnnder in chief of the .frmy and Navy of the United States during the war and served his country and fought as gallantly ns any man who fell among the ledges of the Marne or in the tangled thickets of the Argonne. I need not say his name—address a post card to the man who has done most to promote the peace of the world and It will he delivered In-Washington, not at lh- White House, but to the home of a former ocenpant.

MAKES REFERENCE TO LEAGUE. "This tired warrior translated the yearning of humanity into a written constitution of international peace. He applied to Hie affairs of the world the great American idea, American in conception. American in purpose, American in principle, that the development of peoples must come from the concert and union of free and independent communities and nations That principle had made f forty-eight States a perpetual and Indissoluble 'union. Out of thirteen colonies it had made a nation in which the Jealousy of village house wives gave way to the cooperating utterances of International statesmanship. "The peace conference was quick to grasp the idea. They needed but to look at the United States to know tt would work. More than fifty nations accepted the doctrine and the League of Nations is now a functioning international entity for the promotion and preservation of peace.” “The Republicans, by their votes against the treaty of peace and the League of Nations, condemned the underlying principle of the American Government because they could not stand to see it applied to international relations by a Democratic Administration,” Mr. Myers said. The disarmament conference was characterized by Mr. Myers as a smoke screen behind which President Harding "fried to crawl in by the cellar window.” He pointed out nothing that, has come out of the conference would not have come from the League of Nations, TAKES I LING AT WATSON REVIEW. Mr. Myers referred to the recent review of the first year of the Harding Administration by Senator James E. Watson. "The first and emphatic portion of his article Is devoted to what he pleased to call ‘negative achievement,’ which, of course, are no achievements at all because an achievement is what yon do and not what you don’t do,” he said. “The Senator takes credit for the separate peace with Germany and Austria When President Wilson returned from France, was not he one of those Republicans that stuck their noses In the air and whined about President Wilson disgracing the Nation in the eyes of the world if he should negotiate a separate peace? Do you not recall the Republican phrase, ‘No soft peace?’ Why is this separate penge, substantially the treat}' agreed upon at Versailles by President Wilson, so great an aehievcment ? "The Senator glories over the farmers’ emergency tariff, saying: ‘No apology need be offered for the several measures enacted by the present Congreys for the betterment of the condition of the fanner; upon his prosperity the prosperity of the Nation Is dependent. An important feature of this measure is tlie dye embargo provision, highly important to the development of our essential dye and chemical industries.’ "What has a dye embargo got to do with the p-rlce of wheat and oats and corn and the prosperity of the farmer ? FARMER ASKS EXPLANATION. “The farmer w ints no apology; he wants an explanation. He wants to know why he does not have prosperity. The farmer wants to know why he is getting sl.lO for a bushel of wheat now, as against a minimum of $2.50 under tie Wilson Administration. The farmer wants to know why utility companies are burning corn for fuel

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INDIANA DAILY TIMES, TUESDAY, JANUARY 17, 1922.

WRONGED GIRL, HELD AS THIEF, PLANS SUICIDE Former Co-ed Tells Chicago Police Tragic Tale of Her Life. CHICAGO, Jar). 17.—An unwed mother, 22, and a former co-ed at lowa State College, Ames, lowa, is held by police here today on the charge of attempting to steal a pair of silk stockings and a waist from a department store. She is known to the police as “Eva Ropy,” which is not her real name. Efforts are being made by police to induce her to reveal the name of her alleged deceiver, whom she declares is a student at the lowa school and prominent in athletic and fraternity circles. When the young woman was arrested she attempted to destroy a note, but police prevented. Through this note the police linked her with a child which had been found abandoned Sunday in the vestibule of an apartment building. The note was addressed to "Dear Wiliamack.” According to the story told the police by the young woman, she came to Chicago and found work after her alleged betrayer had refused to marry her. Her child, she said, was born in Milwaukee, but she returned to Chicago. Unable to work and lacking money to care for her child, she abandoned it, hoping it would fall into the hands of a woman living in the apartment, house where she left it and who had befriended her. The woman confessed, according to the police, she attempted- to steal the garments so she might return to her parents in lowa wearing good clothes. She then planned to re-enter college, where she was a student of bacteriology, and there Inject into her system poisonous germs that would cause her death without leaving an appearance of suicide. in Kansas and Nebraska. The farmer wants to know how the nations way they have of paying the debt is by selling their goods. "The Senator’s only claim on soldier legislation is that the Veterans’ Bureau consolidated all other agencies for soldier relief. He might have added—and put them under partisan control. He does not point with pride to President Harding's speech In the Sonata asking the recommittal of the bill for adjusted cornpensal ion. “By their votes last we?k Senators New and Watson declared themselves in fnvor of ratifying the purchase of seats in the United States Senate at the price of $268,000 apiece, an increase of more than 1(8i per ci nl since the friends of Isaac Stephenson paid $107,0<)0 for the self fame seat In 1907. Os course, the Republicans will lay that to the high cost of living and say it is a hangover from the Wilson administration. "In seating Mr. Newberry they condemned the expenditure of money by an amendment, but they seated him because he knew nothing about"!he money being spent for him. If be did not know, he was the only man in Michigan or out of it who didn’t; and if he didn't know, then h:s sense of perception is so dense that he belongs in an institution for the feeble minded'and not in the Senate. How will Senator New explain his conduct ? Does his vote mean that he approves the expenditure of more than a quarter of a million of dollars for a position that pays but $45,000 for an entire term? Senator New is a candidate for the nomination and the voters of Indiana art* entitled to know his views. "Mr. Beveridge also Is, a candidate. What does he think about it? Surely it will not chill the cracked-ice friendship that has existed between these gentlemen since 1912 for him to sponk out. Mr. Beveridge has been • eonflfiing hts spoeebes to the life of John Marshall Since the distinguished justice has been dead sixty seven years, he la not a very live Issue and whatever Mr. Beveridge may say about him is not likely to get him Into trouble. "The Democratic party has much to be proud of and nothing to make It blush It can look the world In the face and point to its record The great American idea In itself is sufficient to give it undying recognition, especially since that 1 idea has now taken possession of civilization. and this assertion is proved by deeds.”

TAX BOARD HEAD SPEAKS AT PAOLI Says True 100 Per (Jenl Appraisement Proper Basis. Ppnrlfil to Th" T!rn*. PAOLI, Ind., Jan. 17.—Most people in Indiana arc ignorant of the fundamental workings of taxation. Join, J. Brown, chairman of tUo Suite tax ’ oard aaid hero today. "The people are taxed more heavily for their township exponditures than for the State or city," Brown said. "They do not mean to r-alize that every dollar spent for them in their locality must be paid by them in taxation. They try to get around thin by under appraisement. "The- law provides for a true 100 por cant ny.praisoiooTit and that should bo adhered to. Lowering prices have had a tendency to make people believe np praisements should be lowered. This. I hey think, gives them :h" right to low r the valuations. “But. as the valuations are lowered, the rate is raised. “We are now approaching a critical period in taxation. This is the time when real estate will be reappraised The taxing period begins March 1. Every one should send in true valuation to make an equitable taxation." Brown is conducting a tour of the State to educate the people in this respect. lie will speak in a number of places this month to farmers, business men and organizations. Tomorrow he will speak at-Fowler, the next day nt Williamsport. Then, after that, he will speak nt Hunt lngton. Newport and other places, invitations have been coming to the board at Indianapolis, he said, for sometime. Other members of the board also are conducting these tours. GERMANY WILL ACCEPT. BERLIN, Jan. 17.—The German government today decided to accent the nl dies’ invitation to the international economic conference which is scheduled to

PRIMARY RACE TO GET UNDER WAY NEXT WEEK Vice-President Coolidge Will Address Republican Editorial Body. DEMOCRATS WARM UP The primary campaign will be on in earnest in Indiana within another week. Already things are boiling in the Republican camp and Democfatic activities are wxpectced to start soon. The Republican campaign will be officially opened with the meeting of the Republican State Editorial Association and the meeting of the Republican State committed Jan. 26 anti 27. Vice President Calvin Coolidge will be the principal speaker at the editorial meeting. At the present time the senatorial campaign is overshadowing all else in the Republican ranks The New headquarters Is preparing /or the arrival of Senator Harry S. New Friday and he will immediately take up a speaking campaign. Meonwhile letters are being sent broadcast throughout the State urging support for Senator New. Another development tn the New campaign is the appearance of what i3 apparently New publicity emanating from Washington and widely distributed over the State. The articles nrc not labeled publicity, but the name of Senator New appears prominently In each. BEVERIDGE CLUB S FLANS DEVELOP. The Beveridge activities in Indianapolis are centering around the Beverldge-for-Senator Club, which is getting an dor way. Th ’uh has not been fully organized, bu is < xpectcd to he completed nqst Th rsday night, when officers will be elected. Meanwhile admirers of Mr. Beveridge are awaiting an announcement that he will lie a candidate. In some sources, however, it is said Mr. BeVerldge ruay not make a formal announcement, preferring to leave the entire matter to a "spontaneous” demand of the voters. This could it Is pointed out, by the filing of petitions with the Secretary of State. It would not bt* necessary for Mr. Beveridge to declare his candidacy in order for his name to appear on the ticket. The signature of 300 Republican voters would be sufficient. All tho Indiana members of Congress will be candidates for renomination, but contests are anticipated in some of the districts. This is particularly true of the Sixth and Seventh districts. In the Seventh district (Indianapolis) Merrill Moores will be a candidate to succeed himself. His only avowed opponent nt this time is Franklin McCray, former State Senator, but there are indications there will be other candidates, MVRTIN MENTIONED AS < ANDIDATE. Among the other possibilities mentioned in this district are Clarence U. Martin, who Is now one of the leaders of the Beveridge-for Senator movement, and Judge Arthur R. Robinson, of the Superior Court. Judge Robinson has been more frequently talked of as a possible candidate for the Senate but the statement was made today that he might seek the congressional nomination instead. Frederick E. Scnortemeler, secretary of the Republican State Committee, who frequently has been talked of as a possible candidate for Congress, emphatically denied he has any such intention. In the Sixth District there are three candidate* In the field. Representative Richard N. Elliott, Charles O. Williams of Richmond and Ralph Test of Newcastle. Mr. Williams has been active in educational work for many years, having been superintendent of the Wayne County schools and a member of the State board of education. Mr. Test is Henry County agent and a former service luan. Reports from the Fourth District indicate there will be opposition to Representative John S. Benhaai, but no formal announcement have been made. The same situation prevails in the Fifth District where Everett Sanders Is the present lneumoent and in the Eleventh District where Representative Miltou Kraus is seeking renoroination. DEMOCRATS SLOW GETTING STARTED. Development has been a little slower on the Democratic side, hut there are signs of activity. The program for the State Editorial Association meeting X’eb. 15 and 17 is expected to be auounced within a few days. Cordell Hull, national chairman, will be the principal speaker. Speculation ns to who will be the Democratic candidates for the senatorial nomination overshadows nil else in she Dem-

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ocratic camp. A large Humber of unmet have been mentioned, but thus far only one announcement lias been made, that of Bernard B. Shively of Marion, former State Senator. Arnahg others Whose names are being mentioned are Samuel M. Ralston, Thomas R. Marshall, Walter Myers, Albert Stump, L. Est Slack, Howe S. Landers and Claude G. Bowers of Ft. Wayne. There has been little Democratic ’activity in the congressional contents thus far, Samuel E. Cook of Huntington having been the only one to announce a candidacy. Mr. Cook twice unsuccessfully has Sought election in the Eleventh District. The dates for the State conventions probably wil be set at the meetings of the respective State central committees. The Republican convention probably will be held during the third week of May. No indication has been given as to when the Democratic convention wil be held. Both committees also face reorganization following the primary campaign. Indications are each party will have anew State chairman. Lawrence Lyons, director of the State highway commission, is said to be in line for the Republican chairmanship. On the Democratic side, Benjamin Bosse, the present Stflte’clia'rman. has indicated he will retire. His successor is a matter of speculation. At the meeting of the Republican committee next week one of the principal topics for discussion will be the formation of a women’s State organization. No definite plan for this organization has been proposed. Many of the party members are urging as many women as possible become candidates for delegates to the State convention. The committee will be called on to approve the appointment of delegates to th© State convention. This year the party will have 1.720 delegates, of whom 290 will be from Marlon County. The committees of both parties also will take up the matter of paying off the remainder of their 1920 deficits. YIND J. B. NORRIS DEAD IN HIS CHAIR Jewelry Salesman More Than Fifty Years. Joslah B. Norris. 83, an employe in the optical department of William H. Block Company and for more than fifty years a jewelry salesman, was found dead sitting In a chair in his room at the Linden Hotel yesterday afternoon. Death, according to Coroner Paul F. Robinson, was due to scute dilation of the heart. Up until four years ago Mr. Norris was employed as a salesman for the Chaplin A RoHster Chain Company of Providence, R. I. lie was with that firm more than fifty years and traveled in and out of Indianapolis for more than thirty years. About four years ago he was j employed l>y Carl N. Rost, 25 North Illinois street, jeweler, and worked there i for three years. He was with the opti- i cal department at William H. Block Company for about ten months. Mr. Norris was a veteran of the Civil war. lie is believed to have left no rcla- j lives. Davis Asks Stay of W. Ya. Mine Evictions WASHINGTON, Jnn. 17.—A move to stay eviction of miners In the West Vlr- i ginia coal fields has been made by See- i rotary of Labor Davis, it was announced : here today. Davis wired Governor Edward Morgan of West Virginia and pleaded that the eviction of the miners from th< !r homes scheduled for tomorrow be postponed.

To Jay's Investment Opportunity Fletcher Farm Loan 5% Bonds SI,OOO, SSOO, SIOO each Exempt from all Federal Income, State, Municipal and local taxation Issued under direction of Federal Farm Loan Board, a bureau of the Treasury Department of the United States Government. Price—lol \/ 2 and interest Yielding the investor 4.80 per cent. Au Excellent Bond Good Investments Fletcher American Company Second Floor Fletcher American Bank Bldg. INDIANAPOLIS Chicago. Detroit. Louisville. South Bend. Private Wire to Principal Markets.

In Our Model Grocery QUALITY—SERVICE—MODERATE PRICES Exclusive distributors for Indianaolis and vicinity of Park & Tilford’s world's best food products.

TOsI’ 3 M fj*h On sale only from 8:30 a. m. to g—tHfcfHkP UI i 1° ; 45 a- m. Sunlit bread, hot IviiftßltUl from our ovens. All pan breads, Qfesß ~ Including rye, graham and whole -.13. wheat. One-pound loaves. While supply lasts, loaf _ GINGER SNAPS, from CRISCO, the perfect our Sunlit ovens, shortening, 1-pound in BACON SQUARES, very TOWN TALK COFFEE, mild cure, government in- a very high grade Bourbon spected, average 2 to -j n Santos Wend (2 lbs. OQ,, 4 pounds, pound 10C 55c), pound ZuC

PEAS, Yankee Baby. Country Gentleman (dozen cans, $1.85), can 17<? CORN, Yankee Baby , Country Gentleman- (dozen cans, $1.85), can ~L7 C PEANUT BUTTER, fresh Sunlit made while you wait, pound 1-7 C y Fruited wheat, a healthful combination of fruits and selected whole wheat, 18 ounce package, 23c quality, package.l94? TOASTED AND BUTTERED WHEAT, a delicious breakfast cereal, regular 12Lc package 10<*

BAKER’S FRESII GRATED COCOANUT, 10-ounce can; 190 quality 15<? FIGS, in ayrup, finest quality, S'A-ounce Jar; regular 39e quality 2 can*, 2oC MONARCH CLAM Jilt E, 19-ounco eon; regular price 15c, special.. 2 can*. 25c CHILI CON CA ltN K, Walker's and I. X. L. j regularly 15c can.. 10<* MACARONI FIGS, fancy Turkish; -3e quality, pound. 3oC CHEYA L L I ER , APPERT SARDINES in olive oil. Imported, uj-pound can; S9c quality ....69d

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\ Men’s Trousers $6.00, $7.00, SB.OO, $9.00 gos and SIO.OO qualities. Sale price— . Qj? 9 Special purchase and sale. Over 4.000 pairs “bolt ends” of suit patterns, fine all-wool fabrics. Sale price $3.95

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January Reduction Sale of Sheeting, Sheets, Pillowcases Longcloth, Nainsook, Muslin and Blankets

BLEACHED SHKETING by the yard. “MOHAWK.” 9 4 width, ro yam - JJL “MOHAWK," 10-4 width, CQ yard "I.OCKWGOD," 9 4 CQ r width, yard “UTICA,” 9-4 width, yard ; w "LOCKWOOD.” 10x4 CL width, yard VJL UN BLEACH ED SHEETING, by the yard, “MOHAWK,” 9 4 width, 40 yard m "UTICA," 9- J width. ffr yard “MOHAWK,” 10-4 C 7, width, 80c quality. yard....*JJU “UTICA.” 10 4 width CA C yard BLEACHED MUSLIN BLEACHED MUSLIN, yard wide (no phone orders) | 1 extra special, yard BLEACHED MUSLIN, yard wide, uaiusohk finish; j 01/-.. 18c quality, yard IA./JL BLEACHED M U S L 1 N. yard wide, 25c quality, 1 7u yard 1 * c INDIAN HEAD MUSLIN, yard wide, soft finish, shrunk; 99yard lh. UNBLEACHED MUSLIN. UNBLEACHED MUSLIN. 39 inches wide, for sheets, bolsters eases and Inexpensive curtaining: yard qUa . ll . ty :. 12V£C UNBLEACHED MUSLIN, extra heavy, Tor sheets, bolsters, etc. — 40 inches wide, 40c quality, yard 19c 3(5 inches wide, 25c quality, yard *7f UNBLEACHED MUSLIN, yard wide, extra fine quality for sheets, oases, aprons, etc.; 1/J_ 20c quality, yard i*iC READY-MADE SHEETS. BLEACHED SHEETS double bed size (no phone orders), extra 20 _ | specffal VUC I BLEACHED SHEETS, 81x j 90, "Seamless," $1.50 on j quality yL.LA ,

The Wm- H. BLOCK CO.

AI.BACORE TUNA, light and dark meat, 7-ounce can .B<i PI R E LEMON EXTRACT. Zipp’s lLjoz. bottles; 15c quality lOd NON - EAKIXS SUGAR, excellent for desserts, tea, etc--5 pound package, 9Sc quality 79<? 2-pound package, 43c quality 35<? SLEEPY WATER, a natural. highly radio active water, bottles; regular 75c quality v 3Bt? CRYSTAL WHITE LAUNDRY SOAP (case of 100 bars, $4.85), 10 bars for .....49<? —Fifth Floor.

SUITS For men and young men * 19 9 ° New suits, the most desirable patterns and models. A real saving on suits men will be proud to own. Two trousers included at $35.00

SEAMLESS BLEACHED SHEETS, 81x90. 3-inch hem. We reserve the right to limit quantities. (No phone qq BLEACHED SHEETS, 81x90, "New Era." extra *i ia special "MOHAWK." 81x90, special Ipi.jD “MOIIAWk." hem- *v rr\ stitched, Slx9o, special...sl.o9 PILLOWCASES AND TUBINGS PILLOWCASES. 42x36. made witfi deep hem (no phone n orders), extra special lilC PILLOWCASES, 42x36. 3oc quality, each PILLOWCASES. 42x36, no 390 quality, each 28c ASES * hemstitches. 42x36. special, _ _ eacl * 29^ PILLOWCASES, “Mohawk.” 42x86, each....j3c PILLOWCASES, 42x36. , j 49c quality, each j4C PILLOW TUBING, extra good quality, hnen finish--42 inches wide, yard 4~4£ 40 inches wide, yard ....-42<* 36 inches wide, yard ... ,f9 LONGCLOTH AND NAINSOOK LON* CLOTH, yard widest.Bs quality—--10-yard bolt, 51.55. $1.65 quality—--10-yard bolt. 51.29 LONGCI.OTH, yard wide, fine spun and improved finish: 25c quality, yard ISc NAINSOOK, yard wide, for underwear and infants’ wear—--25c quality, yard IS<* 20c quality, yard "lSu ISc quality, yard 1214 C "WAMSUTTA” LINGERIE NAINSOOK, yard wide, for fine undergarments and children's dresses—--45c quality, yard 35<? 39c quality, yard JJ9 c MISCELLANEOUS OUTXG FLANNEL, 28 inchea wide, light colors, good heavyweight, fleeced on both sides; assortment of neat, stripes .ind check designs; 20c quality, IC_ yard IjC COTTON BATTING for comfort filling, pure white, opens in one sheet. 72x90, 3-ponnd weight; special, roll OifC

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