Indianapolis Times, Volume 34, Number 215, Indianapolis, Marion County, 18 January 1922 — Page 12

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MOTORS LEAD AS FEATURE OF STOCK TRADING Rails and Oils in Recovery, While Some Specialties Show Marked Activity. CALL MONEY 41-2 PCT. Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Jan. 18.—The stock market developed a good deal more of strength and activity than was suggested by the character of trading In the ttrst hour of the morning. There was a fair display of strength when it became evident than the reaction produced by the advance in the call money rate would be Short lived. Trading features were furnished by advances in the motors, a few of the rails, some recovery in the oils and intensive activity in a few of the specialties. Studebaker and Chandler advanced sharply on a large turnover. Higher prices are being confidently predicted for both, particularly the former. General Asphalt made the best showing among the oils, although Mexican Petroleum at one time was more than a point above the Monday closing. The leaders among the rails were Atlantic Coast Line. Louisville & Nashville and Norfolk & Western. Among the low priced rails New Haven advanced more than a point and a half. The Hoover conference at Washington furnished the basis of more or less optimism on the railroad labor situation. The speculative character of the market was shown by the manner in which specialties were advanced. Gains of one to more than three points were established by the stocks of the leading express companies. Sharp upturns were recorded by Cnited Industrial Alcohol, Computing, Tabulating and Recording, Pullman Company. Gulf States Steel and Sloss Sheffield. Notwithstanding the increase in activity and the improvement in tone, ftiere was little news bearing directly on the market. Call money renewed at 4% per cent and remained at this figure throughout the day. Commodity markets, after early weakness, moved higher.—Copyright, 1922, by Public Ledger Company.

WALL STREET GOSSIP BY MONITOR. Following the reactionary tendency of Monday with indications of a higher renewal rate, the professional element expected a declining market yesterday. A number of orders were placed somewhat under Monday night's close in the speculative favorites. Contrary to expectations, the market opened higher and advanced throughout the day. Attempts to bring reactions met with lit lie success. Cast Irin Pipe issues were strong on accumulation reported to be for powerful banking firms. The common was more active than in many months at advancing quotations, and the preferred also scored a substantial gain. Buying of both issues is based on the knowledge of great improvement in the company's business, and there is every indication that the present year will prove one of the most profitable in its history. There is some talk of the common being restored to a dividend basis in 1923. Before a dividend can be declared on the common the preferred must pay 7 per cent. It now pays 5 per cent and there is every reason to believe that the increased declaration will be made very soon. United States Industrial Alcohol has been under accumulation for some time, but on the recovery a large block of stock has been in the market at 41. This selling order was withdrawn Monday and yesterday the speculative pool advanced the quotations despite' a reduction in the price of alcohol. There is understood to be a large outstanding short interest below 40. The buying is of a most confident nature. The express were strong, Wells Fargo, American and Adams scoring gains of from 2 to 4 points in the first two hours. The buying is based largely on improvement in package business, although in the case of the American Express there is a special reason. Buying of this latter stock is for the account of very wealthy individuals. There was active trading in rights of the North American Company at betw'een $4 and $5. These rights are unique in that they are rights to subscribe to North American Company stock at SSO a shore, as that stock may be offered to holders for subscription. Holders who do not exercise their privilege on the first offering are barred from participating in future offerings so that the present rights are a safeguard for the future. They amount practically to a call on North American stock good for six months at S3O. An offering of $3,894,000 of Pennsylvania Railroad 0 per cent equipment "trust certificates due Jan. 15, 1920, will be made by Freeman account. The issue is bought from the director general of railroads last week and will be put out under the “Philadelphia plan’’ under an agreement dated Jan. 13, 1920, with the Guarantee Trust Company of New York as trustee. The certificates are secured by a direct lien on standard railway equipment, including locomotives, box, gondola and copper cars. Both Chandler and Studebaker advanced to new high levels in the trading. Studebaker has advanced less in proportion than Chandler, and it is pointed out in quarters favorable to these stocks that both are out of line with the market, as instanced by Corn Products. The buying of both these motor stocks was of the same confident character that has been in evidence since last week. A considerable quant.ty of the buying in Studebaker was reported to be for Middle AYest interests. When the motor stocks were advancing word was received from Rochester of the death of George B. Selden, generally known as the father of the automobile and holder of many patents. Ten years ago Mr. Selden was the central figure in a patent suit which threatened for a time to centralize full control of the automobile industry In his hands. Mr. Selden has not been active during the last few years in the uutomolile industry. A dividend of $1 a share was declared on Dome Mines stock. The regular dividend of 23 cents a share was declared last month, the present payment being on account of capital investment. Par value of l>om<- is $lO per share, and it is understood that these puyments of $1 will be made from time to time until the full capit.il has been repaid to stockholders. The payment Is subject to the sanction of the Lieutenant Governor of Ontario whose assent, it is understood, will be given promptly. Under the income tax law, payments on capital account are not subject to tax. The stock sold at anew high price for the" present move on the announcement, but reacted a point on profit taking. Although denied officially some time ago. the report persists that a merger of some of the low cost copper companies is In the making. Chile Copper, which has been mentioned prominently, made anew high for the movement above 17. The stocks of Kennecott and other low priced copper were strong. The Central Union Trust Company has been designated trustee for the $3,500,000 Issue of two-year 6% per cent collateral trust coupon notes of the Washington Water Power Company; also for the $1,300,000 istie of 5 per cent sinking fund debentures of the Consumers’ Light, Ileat and Power Company. Directors of the American Brass Company met and declared a quarterly dividend of $1.50. Three months ago the payment was $2. It is reported that the old pool in Crucible Steel has been revived and that since the stock sold ex-dividend, this group has been buying it. Brokers who have been watching the trading declare that most of the recent selling has been for short account and that with strgngtl*

and activity In other parts of the list, a drive against the short interest may be attempted. The same interests which have been buying New Haven for some weeks having cleaned tip all offerings between 12 and 13 raised their buying level yesterday. It is understood that this buying is for the account of powerful banking interests who realize tnat the New Haven is out of danger and that any developments in the near future will be favorable. The directors of the American Brass Company have declared a dividend of $1.50 per share payable Feb. 0 to stockholders of record Jan. 31. The brass company stock which has been deposited with the Mechanics and Metals National Bank or with the Colonial Trust Company for sale and transfer to the Anaconda Copper Mining Company "U 1 not be transferred out of the name of the registered holders until after Jan. 51; this dividend will be payable directly; to" the person who was the registered holder of the stock at the time of deposit. This $1.50 per share will be in addition to the $l3O an three shares of Anaconda stock for each share of brass company stock. No deposits of brass company stock will be recevied after Jan. 31. Copyright, 1922, by Public Ledger Company,

N. Y. Stock Exchange

(By Thomson & McKinnon.) —Jan. 18— I’rev. High. Low. Close, close. Allied Chem 59% 38 39% 58 Ajax Rubber... 14% 13% 14% 13',’s Allis-Chalmers.. 42% 42% 13% 42 Am. Agricul 30% 30% 30% 30% Am. B. Sugar... 33% 34% 33% 33% Am.B.Mag. Cos.. 40% 39 39% 38is Am. Car & Fdy .148 146% 146% 146% Am. Can 34% 34 34 34 Ara.H. & L.eom 14 13 14 14 Am.H. & L.pfd. 62% 60 62% 0% American Ice... 85 83% 84% 8j Am.lnt. Corp... 41% 41 41 41-,'s Am. Linseed.... 32% 31% 32% 3;’A Am. Locomo 108% 100% 106 Vi 10i% Am. S. & Ref... 47% 46% 47% 46% Am. Sugar Ref 63 60 62 % 60 Am. Sum. T. Cos. 34 32% 33% *>•>% Am. Steel Fd... 32% 32% 32% 32% Am. Tel. & Tel. 11S% 117% US US Am. Tobacco ..134 153 154 134% Am. AV0010n.... 84% 82 83% 81% At. Coast Line.. 90% 89% 89% 89% Anaconda. M. C. 50 49% 49% 49 Atchison OS's 98% 98% 98% At. G. & W. 1. 30% 29 30 % 30% Baldwin Loco.. 98% 96% 98 96% B. & 0 35% 35 33% 54% Beth. Steel (B> 59’% 58% 58% 58% California l’ete. 4S? 47% 48% 48 Canadian I*. R. 126%, 124% 126’% 124 Central Leather 33 31 33 3t% Chandler Mot.. 61% 59% 60% 60% C. & 0 58% 57% 57% 57% Chi, M. & St. P. 19% 18% 19% 19 CM & St. P pfd 33 32% 32% 52% Chi. & North... 64% 63% *44 64 C R I & l’ac.. 32% 32% 32% 32% CRI4P 6pct p 73% 73% 73% 73% CR I & P7pctp 87% 87 87% Chili Copper.. 17% 17% 17% 17% Chino Copper... 25% 28% 28% 28 Coca cola 44% 43% 43% 44% Col. F. & X.... 25% 25%. 25% 25 Colum. (4ns 69% 68% 68% 69 Coium. Graph.. 1% 1% 1% 1% Consol. Gas. 95% 92% 93% 92% Cosden Oil 35 34% 34% 31% Corn Prods 98% 97% 98% 98% Crucible Steel... 60 57% 59% 59% Cub. Am. Sug.. 17 16% 16% 15% Cub. C. Sugar.. 9 8% 9 8% Del. & Lack... .114% 114 144% 11 1 Erie 9% 8% 9% 9% Erie Ist pfd.... 13% 15% 13% 13% Earn. Plays 84% 82% 83% 82% Fisk Rub. Cos.. 12% 12% 12% 12% Gen. .Asphalt... 59% 58% 59 59 Gen. Electric...l43% 142% 115% 113', Gen. Motors 9 8% 8% 9 Goodrich 387s 37%. 37% 37 Gt. North, pfd.. 74 73% 74 73% Houston 0i1.... 75 74% 74% 74", Gulf States Steel 65 02 % 65 59% Haskell Barker.. 84% 85% 83% 83% Illinois Central. 102% 102% 102% 102 Insp. Copper..,. 40% 39% 39% 39% Invincible 0i1... 15'% 15 15% 15% Int. Harvester... 84 83% 83% 83% Inter. Nickel.... 12% 12 12% 12% Inter. Paper.... 48% 47% 48%, 48% Island Oil & T. 2% 2% 2% 2% K. C. Southern. 23% 23% 23% 23% Kelly-Spfd Tire 38% 37% 38% 38% Kenne. Copper.. 27% 26% 27% 27 Lack.a Steel 47% 46% 47% 4% Lehigh Valley.. 00% 59", 59% 60 Lee Tire 287. 2**% 28% 28% Loews, Inc. .... 13% 13 13 13 L. & S 115% 111% 111% 115% Mav Stores 109', 108% 108% K)9% Marine Con 14% 14% 14% 14 Marine pfd 64% 01% 64% 64 Max. Mot. (B). 15% 14 14 13% Mont. % Ward. 15% 13% 14% 13% Mex. Pet 115 112% 113% 114', Miami Copper . 27% 27% 27% 27“8 Mid. States Oil . 12% 12% 12% 12% Midv. Steel .... 30% 30% 30% 30% Mis. Pac 17% 17% 17% 17% Mis. Pac. pfd... 40% 46', 46% 46% Nat. En. Stp... 37% 31% 37% 31% Nat. Lead 93% 92% 93% 93 Nev. Cop.. 15% 15% 15% 15% N, Y. Central... 75% 74% 74% 75 New Haven 15% 14% 15% 15% Norfolk &. W. 100% 99% 99% 99% North. Pacific.. 78% 77% 78 77% Pure Oil 36% 35% 55% 36% Pan-Ain. l’et.... 53% 52% 52", 52% Penna. Ry 34% 34 34 34% People’s Gas.... 67 60% 67 66% Pierce-Arrow... 17% 16’/, 10% io Pierce Oil Com. 10'% 10% 10% 10% Pittsburgh Coal 61% 61 61% 61% Pressed Steel C. 65 " 64% 64% 04% I ullman Pal C. 113% 111% 112 113% Ry. S. Springs 100% 98% 99 97 * Ray Copper.... 15 15 " 15 15 Reading 74% 73% 74% 74 ltep. I. & Steel 54% 52% 536, 52% Replogle Steel.. 28% 27% 29% 27% Roy. I), of N. Y. 52 51% 51% 52% Sears-Roebuek.. 64% 62% 02% 03% Sinclair 20% 20% .’O% 20% Stew-W arner... 27% 27% 27% 27% So. Pacific 82% 82% 82% 82% Southern 8y.... 19 18% 18% 19 Stand. O. (Cal) 95% 95% 95% 05% Stand. O. (N'„T.)IBO% ISO 1.80% 181% St.L. & S F.corn 22% 22% 22% 21% Strom. Carl).... 43% 41% 41% 41 Studebaker ... 90% 88% 89 88% Tex. Coal & Oil 25% 25% 25% 25% Texas Cos 45% 45% 45% 45% Texas & Pac. .27 20% 20% 20% Tob. Prod 61% 64% 61% f.4% Trans. Oil 10% 10 10% 10% Union Oil 20% 19% 20% 19% Union Pacific .1.30% 129%. 130% 129% United It. S. .. 54V, 53% 54 54 U. S. F. I’. Corp. 8% 8% 8% s% United Fruit C 0.125 124% 125 125 United Drug .. 71% 71% 71% 71% u. S. 111. A 14% 43% 44'/, 43 U. S. Rubber . 55% 54' . 54% 55% U. S. Steel ... 85% 83% 85% sj% U. S. Steel pfd. .117% 117% 117% 116% Utah Copper .. 03% <3% 63% 63'* Van. Steel 33 32% 32% 32% Vir.-Car. Chem.. 28 28 28 “s'i, Wall. Ist pfd. .. 20% 20% 20% 20% Western Union. 92% 92% 92% 92", Westinghouse . 51% 50% 51 51 % White Motors . . 40 39% 40 39% Willvs-Overlnnd 6 5% 5% 5% Worth. Pump... 46% 46% 40% 40% Wool worth ... 141 140% 111 White Oil 9 9 ' 9 9% West. Pac 15% 15% 15% 15% NEW YORK LIBERTY BONDS. —Jan. 18 — Prev. High. Low. Close Close. ;L. B. 3%s 97.80 97.06 9* 52 97.00 L. B. Ist 4s 97.90 I L. B. 2d 4s 97.70 07.50 IL. It. Ist 4 % s.. 98.00 97.'.51 97.94 97.94 L. B. 2d 4'js 97,68 97.00 97.70 97.62 L. It. 3d 4',5... 97.98 97.80 97 96 -97.94 L. B. 4th 4 Vis.. 97.80 97.72 97.86 97.84 Victory 3%s 100.14 100.12 100.14 100.14 Victory 4%s 100.16 100.12 100.14 100.12 CHICAGO STOCKS. (By Thomson & McKinnon.) —Jan. 18— Open. High. Low. Close. Armour pfd. .. 91% 92 91-% 92 A. Leather .... 12% Carbide & Car. 46% 47 46% 40% Libby 3-;* 5% 5% 5% Mont. Ward .. 14% 15% 14 14% Piggly Wiggly ..34Vi 35 34 34 Stewart. War. . 27% 27% 27 27% Swift &Cos 101 101 100% 100% Swift. Int 23 23 22% 2.3 Nat. Lea (new) 10% 10% 10% 10% NEW YORK WOOL. NEW YORK. Jan. IS.—Wool Tallies again held steady in trade en the market here today. NEW YORK PETROLEUM. NEW YORK, Jan. IS. —Petroleum prices were steady In trade on the mnrket here today, Pennsylvania crude *elling at $3.25 per barrel. NEW YORK TURPENTINE. NEW I'ORK, Jan. 18—Turpentine sold at 90c per gallon In traile on the market here today. V

STOCKS REGISTER LATE RALLIES Studebaker Undtr Pressure at Close —Baldwin Reacts, NEW YORK, Jan. 18.—The stock market closed strong. A sharp run up of over 5 points iu National Enamel on short covering to 37% featured the final trading. Canadian Pacific was another strong feature, advancing over 2 points to 126%. Crucible Steel, which had been under pressure in the early trading, falling to 57%, rallied to 59%. Steel common closed % of a point higher at 85%. Motors showed the effects of profit taking, Studebaker closing at 88%. Baldwin Locomo ive reacted from its best closing at 97%. The sugars held most of their early strength. Government bonds were unchanged and railway and other bonds strong. Total sales of stocks for the day were 874,800 shares. (By Thomson & McKinnon.) Jan. IS— In the early trading today we had a renewed demand for stocks from commission houses and further short covering by the professional element. After the early bulge it became evident that longs were disposed to accept profits especially iu the issues that have been most prominent in the recent rise, "e had a moderate reaction thereafter and then another wave of buying but not on as large a scale. There is an absence of market making news and you still hear of complaints from various lines of business. The It- Ix, \<'e reports a volume of business in the steel mills that is still very moderate therefore the only explanation for the market strength is the confidence in tite future and this is not unusual since it is in the stock market where the public flml expression for their confidence ~r lack of confidence in the future, so that the present market may be regarded as discounting the coming change ami so long as money is In ample supply, and rates moderate, there Is nothing to prevent a gradual rise In values and an Increased Investment demand. TWENTY STOCKS AVERAGE. NEW YORK, Jan. 18.—Twenty industrial stocks Tuesday averaged 81.90, up 54 per cent. Twenty active rails averaged 76.56, up .80 per cent. CLEANING HOUSE STATEMENT. NEW YORK, Jan. 18.—Exchanges yesterday were $784,700,000; balance, $82,000,000; Federal Reserve Bank credit balances $52,900,000.

Money and Exchange

Indianapolis bank clearings Wednesday were $2,199,000. Bank debits Wednesday were $5,976,000. NEW YORK. Jan. 18.—There was little change in the foreign exchange market ft the opening today, initial quotations being around last night s tinil figures. Demand Sterling yielded Vic to $4.22. Francs rose 3 pints to B.ic%c for checks and to 8.17 c for cables. Lire, cables were 4.36%c; cheeks. 4.36 c. Belgian franc cables were 7.81 c; checks, 7.83 c. Marks were .0052%". _ Guilder cables were 36.75 c; checks, 36.70 c. NEW YORK CALL MONEY. NEW YORK, Jan. IS.—Money-Call money ruled 4%. per cent; high. 4% per cent; law, 4% per cent. Time rates quiet, all 4%';4% per icnt. Time mercantile paper quiet. Sierling exchange was steady, with business in bankers’ bills at $422% for demand. MOTOR SECURITIES. (By Thomson & McKinnon.) —Jan. 18Bid. Ask. Earl Motors 33% Packard com 6% 7% Packard pfd 63 65 Peerless 35 36 Continental Motors com 5% 6 Continental Motors pfd...... 83 87 Hupp com 34 14% Hupp pfd 90 Ron Motor Car 1% 2% Grant Motors 1 1% Ford of Canada 258 265 I National Motors 1% 3 Federal Truck 15 17 Paige Motors 13 14 Republic Truck 8 8% ACTIVE OIL STOCKS. (By Thomson St McKinnon > —Jan. 18 —Opening— Bid. Ask. Atlantic Lobos 8% 9 Borne-Scrymser 320 340 Buckeye 4’ipe Line 90 93 Chesebrough Mfg. Cons 170 190 Continental Oil, Colorado... .133 138 Cosden Oil and Gas 5 9 Crescent Pipe Line 29 32 Cumberland Pipe Line 129 135 Elk Basin Pete 6', 6% Eureka Pipe Line $0 83 Galena-Signal Oil, pfd 103 107 Galena-Signal Oil, com 40 42 Illinois I’ipe Line 167 172 Indiana Pipe Line 87 90 Merritt Oil 9 9% Midwest Oil 2% 3 Midwest Kfg Jty 165 175 National Transit 28 30 New York Transit 142 147 Northern Pipe Line 92 97 Ohio Oil 275 280 Oklahoma P. & R 6 6% Penn.-Mex 16 19 Prairie Oil and Oas.. 545 560 Prairie l’ipe Line 233 238 Sapulpa Kefg 33% Solar Refining 3su 401 Southern Pipe Line 79 83 South Penn. Oil 185 195 Southwest Penn, l’ipe Lines. 52 54 Standard Oil Cos. of Ind 8, 87% Standard Oil Cos. of Kan 560 580 Standard Oil Cos. of Kv 440 450 Standard Oil Cos. of Neb 160 170 Standard Oil Cos. of N. Y 365 2,70 Standard Oil Cos. of Ohio 370 390 Swan St Finch •*) 3o Vacuum Oil 335 345 Washington 0i1...: 30 40 NEW YORK CURB MARKET. (By Thomson it McKinnon.) —Jan. 18.— —Closing— Bid Ask Acme Pa-king 45 On Curtis Aero, com 3 Curtis Aero, pfd 18 23 Goldlicbl Con 4 5 Jumbo Extension 4 1 Imperial Oil (Del) 9% 9% International Pet 15 15% Nipissing 6% 6% Standard Motors 3% 4 Salt Creek 13% U% Tonopah Extension 1 9-16 1% Touopah Mining 1 7-16 1% United P S new 1% 2 U. S. Light and Heat 90 95 U. S. Light and Heat pfd 1 I*4 Wriglit-Martin 2 5 Yukon Gold Mine Cos 1 1-10 _l% Jerome 26 32 New Cornelia 18 18% United Verde 29 29% Sequoyah 3 6 Omar Oil 72 78 Hep. Tire 10 2o Boston & Mont 71 73 NEW YORK SUGARS. NEW YORK, Jan. 18.—Raw sugar values were firm in trade on the market today. Cubas were quoted at 3.01 e per lb. duty paid, and Porto Ricos at 3.54 c per lb, delivered. Refined sugars were quiet and steady, line granulated being quoted at 4.50®)4.90e and No. 1 soft at 4.90 c per lb. NEW YORK COFFEE. NEW YORK. Jan. 18.—Coffee values were steady In trade on the market here today, opening options being unchanged to 2 points higher. Rio No. 7 on spot sold at 9%c per pound. NEW YORK RICE. NEW YORK, Jan. 18.—With the demand fair, rice values held firm in trade on the market here today. Domestic rice was quoted at 3%®7%e per pound. NEW YORK METAL MARKET. NEW YORK, Jan. 18.—Copper—Quiet; spot. January. February and March, offered, 31c. Lead—Quiet; spot and January. [email protected]; February, [email protected]. Spelter—Quiet; spot and January, 4.65®, 4.75 c; February. [email protected]. NEW YORK HIDES. NEW YORK, Jan. 18. —Hides were again firm on the market here today, native steer hides selling at 16c and branded steer hides at 15%c per pound.

INDIANA DAILY TIMES, WEDNESDAY, JANUARY 18, 1922.

New York Bonds

(By Fletcher American Company.) —Jan. 18.— FOREIGN GOVERNMENT BONDS. Rid Ask Arg. (Unlisted) 5s Sept. 1, ’45 72% 73% Arg. 7s Oct., ’23 98% 98'% Belgian 6s Jan. 1, ’25 95 95% Belgian 7%s June 1. ’45 166% 167% Belgian 8s Feb. 1, '4l 106% 107 Berne 8s Nov. 1, ’45 107 108 Brazil 8s June 1, ’4l 104 104% Chile 8s Oct. 1, ’26 100% 100% Chile 8s Feb. 1, ’4l 101% 102 Chile 8s Nov. 1, ’46 101% 101% Christiania 8s Oct. 1, ’45 106 107 Copenhagen 5%s July 1, ’44.. 88 % 89 Danish Mun 8s Fob. 1, ’4O 100% 107 Denmark S.s Oct. 15, ’45 108 108% ♦Canadian 5%s Dec. 1, ’22.... 93% 95 ♦Canadian 5%s Nov. 1, ’23.... 93% 94% ♦Canadian 5%s Nov. 1, ’24.... 92% 94 ♦Canadian 5s Dec. 1, ’25.... 91 92% Canadian 5s Apr. 1, ’26 97 97% Canadian 5%s Dec. 1, ’27 94% 95% Canadian 5%s Aug. 1. ’29.... 98% 98% Canadian 5s Apr. 1, ’3l 97% 07% ♦Canadian 5s Oct. 1, ’3f 91% 92% •Canadian 5%s Nov. 1, ’33.... 96 97% "Canadian 5%s Nov. 1, ’34.... 93% 94% Canadian 5s Mch. 1, ’37 95% 90% ♦Canadian 5%s Dec. 1, ’37.... 97% 99 ♦French (Viet.) 5s Opt., ’31.. 63 64% ♦French 4s Opt., ’43 49% 51 French 7%s June ’ll 95% 95% French Ss Sept. 15, ’45 100% 101 Jap (Ist) 4%s Feb. 15, ’25.. 87% 87% Jap (2d) 4%s July 10, '25 86% 87 .Tap 4s Jan. 1, ’.31 73% 74 Mexico 5s Jan.. ’45 54 55 Norway 8s Oct. 1, ’4O 109 no Queensland 7s Oct. 1. ’4l 107 107% Kio de Janeiro 8s Oct. ’46....101 101% Suo Paulo 8s Jan. 1, ’3O 101% 102% Swedish Os June 15, ’39 95'5 96 Swiss 5%s Aug. 1. ’29 97% 97% Swiss Ss July 1, ’4O 113% 115 U. K. 5%s Nov. 1, ’22 100% 100% U. K. 5%s Aug. 1, ’29 UK) 100% U. K. 5%s Feb. 1, ’37 98% 98% Uruguay Ss Aug. 1, ’46 104 105" Zurich 8s Oct. 15, ’45 107 108 Bergen 8s 107 108 ♦lnternal loans. CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s, Nov. ’25.101% 101% Am. Cotton Oil 6s. Sept. 2, ’24 94% 94% Amer. Tel. (is, Oct. *’22 160% 100% Amer. Tel. 6s, Feb. ’24 101% 101' . Ainer. Thread 6s, Dec. *28.100 100% Amer. Tob. 7s, Nov. ’22 101% 1-1% Amer. Tob. 7s. Nov. ’23 102% 102% Anaconda tis, Jan. '29 98 9^'% Anaconda 7s, .Tan. '29 10156 P'2% A-Amer. Oil 7%5, Apr. ’25.. .103% 104 Armour 7s, July 15, ’3O 1 _'■% 1< .'! Bell Tel. of Can. 7s, Apr. ’25.100% 101%. Beth. Steel 7s, July 15, ’23.. .100% 101 Can. Pacific cs, Mch. 2, ’24...10t",, 101% Cent. Arg. Ry. os, Feb. '27... 90% 91 Con. Gas is, Dec '22 101% 101% Copper Exp. Ss, Feb. 15. '22.. 99% .100% Copper Exp. Bs, Feb. 15, '23.101% 102 Popper Exp. Ss, Feb. 15, '24.102% 102% Copper Exp. Bs, Feb. 15, '25.104% 101% Cudahy 7s, July 15. '23 100% 101 Fed. Sugar 6s, Nov. '24 97% 9 5 % Goodrich 7s, Apr. '25 97% 98% Gulf oil 6s, July ’23 99% mo% Gulf oil 7s. Feb. ’23 103% 103% Heinz 7s, Dec. '3O 10.3% ]04% Hocking Val. Cs. Mch. '2').. 98% 95% Humble Oil 7s. Mcli. 15, ‘23..b<>% 160% Int. It. T. K.s, Sept. ’22 79 'si lv. C. Term. 6s. Nov. 15, ’.3.. .100% 100% Kcnn. Copper 7s, Feb ’30... 103 l":’'... Laclede Gas 7s, Jan. 29 96'.', 97% Libby M-Netl 7s, Mnv, ’31.... 99% 99% Nat’l. Leather S-, Nov. 15, ’25 96 96% Proctor iY G. 7s, Mch. ’22...100 1(K % Procior ft G. 7s. Mch. ’23...1(>1% lrj Public Si r. N .7. 7s, M"h. ’22. 99% lo % R. .1. Reynolds 6s. Aug. ’22.100'% V"% Scars Roebuck 7s. Oct. 15, ’22 100 10' Sears Roebuck 7s, Oct. J 5. ’23 99% 99% Sinclair 7%5, Mav 15. ’25...101 101% Solvay it Cli! Bs. Oct. ’27 102% 103 Southern Kv. Cs, Mch. ’22.... 99% 100% S. W. Bel! Tel. 7s, Apr. ’25.102 162% Stand. (Hi (Cal.) 7s. Jan. ’31.106% 107% S. Oil iN. Y.i 7s, Jan. ’25 '3l 1 i% 110% S ('ll (N. Y ) O'.is, Mav. ’32.108% fie--. St. P. U. D. 5%a, Dec. 15. ’23 100 100% Swift 7s, Oct. 15, '25 161% 101% Swift 7s. Aug. 15. ’sl l''2% 102", Texas Cos. 7s. Midi. 1. '23...10t", I"2'Utah Sec. 6s, Sept. 15, '22 ... 97% 98% Western El. 7s. Apr. ’25....int% I‘<s% Westinghouse 7s, May, ’31.10d% 109% Morris 7%s 103% 101%

In tke Cotton Market

NEW YORK. Jan. 18.—Tho cotton mar ket opened 'j of a point lower to 1 point higher today, near months being depressed by the Issuance of 15 notices. The trade. Japanese interests and New Orleans bought, while Wall street, ticSouth and local traders sold. Aft -r the start buying by wire houses and commission concerns advanced t'c.e list about 13 points over last night's close. New York opening cotton prices; January, 179X)e; February, 17.53 c; March, 17.53; May, 17.20 c; July, 16.75 c; October, 16.20 c; December, 15.95 c bid. A late flurry of foreign buying gave the cotton market a very steady tone in the late dealings, final prices being 2 to 20 points net higher with the exception of May, which was 7 points net lower. —COTTON FUTURES— Open. High. T ow Close. January 17.60 17.75 17.48 17.66 March 17.-53 17.68 17.16 17.64 .Mav 17.20 17.23 17.1.5 17.29 .1 ul v 16.75 16.86 10.67 16.87 October 36 20 1635 16.10 16.23 December 16.18 16.03 —Cotton ReviewNew York. .Tan. 18 During the greater part of today's session the fluctuations in the cotton market were unimportant, the volume of business was light and practically there was no news to create any additional interest. The fact of the matter is that each day we have 11 reiteration of the various propositions that are well known, and what, is needed now is something new. something that will attract the public following and that will give us a definite basis on which to work. There is no basis for extreme bearish views and there is no r.-ss.m for a material advance, and therefore this mar- 1 ket will continue ns a trailing affair, line, tuntiong because of technical conditions, and would be as prompt to buy on a break as to sell on a bulge. LIVERPOOL, Jan. 18—Spot cotton open in limited demand today, with prices barely steady and sales around 5,000 bales. American middlings fair, 12.53d ; good middlings, IO.OSd ; full middlings, 10.58(1; middlings, 10.23d: low middlings. 9.13d; good ordinary, 7.55 J; ordinary, 0.83d. Futures were quiet during initial trade. Weather The following table shows the state of the weather at 7 a. in.. Jan. 18, 1922. as observed by U. 8. Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind... 29.76 40 Foggy Atlanta, Ga 30.04 38 Rain Amarillo, Texas.... 29.04 22 I’tOhly Bismarck, N. D.... 30.32 —lO Cloudy Boston, Mass 30.06 30 Snow Chicago, ill 29.80 32 Cloudy Cincinnati, Ohio .. 29.80 42 Cloudy Cleveland. 0hi0.... 29.82 32 Cloudy Denver, Colo 30.02 —2 SnowDodge City, Kan... 29.84 14 Snow Helena, Mont 30.40 —lO Clomly Jacksonville, F1a.,.. 30.10 50 Rain Kansas City. M 0.... 29.82 28 Cloudy Louisville, Ivy 29.80 48 Cloudy Little Rock. Ark... 29.82 44 Rain Los Angeles, Cal... 29.88 48 PtC’ldy Mobile, Ala 29.98 53 Cloudy New Orleans, La... 29.92 54 Cloudy New York, N. Y... 30.00 36 Cloudy Norfolk. Yn 30.02 34 Cloudy Oklahoma City .... 29.68 28 Cloudy Omaha, Neb 29.94 14 Cloudy Philadelphia, 1’a.... 30.00 36 Cloudy Pittsburgh. I’a 29.88 38 Cloudy Portland, Ore 30.50 20 Clear Rapid City, 8. D.... 30.34 —6 Cloudy Koseburg, Ore 30.36 22 Clear S"n Antonio, Texas 29.74 GO Rain San Francisco, Cal. 30.02 46 Clear St. Louis. Mo 29.84 34 Cloudy St. Paul. Minn 30.06 10 l’tCld.v Tampa, Fin 30.06 56 Cloudy Washington, D. C.. 30.04 30 Cloudy WEATHER CONDITIONS. Since Tuesday morning rains have occurred in the middle Mississippi and Ohio valleys, with snows in the southern Lakes region, and snows also have fallen in the region from tho middle Rocky Mountains to Minnesota. Temperatures are higher from the Gro*t Lakes and upper Mississippi A alley to the western Gulf States, but colder weather has overspread the region from the middle and northern Plains States to the Pacific. Temperatures .of zero or lower nre reported as far south as northern Colorado. J. H. ARMINGTON, Meteorologist, Weather Bureau.

HOGS MAKE GOOD GAINS Little Interest in Cattle—Veals Are Higher. RANGE OF HOG BRICES. Good Good Good Jan. Mixed. Heavy. Light. 10. $7.75© 8.25 $7.25@ 7.50 $8,250 8.50 11. B.oo® 8.35 7.50© 8.00 8.25© 5.75 12. 8.50© 8.75 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.SO® 8.00 8.35© 8.65 15. 8.35© 8.63 B.oo® 8.35 8.65© 9.00 With receipts close to C.iiOO. the demand by both local packers and shippers with eastern house connections good and higher prices in Chicago and elsewhere swine prices ruled la to 25 cents higher generally in trade on tlie local live stock exchange today. There were, however, spots that were fully 35 cents higher, but they could not lie considered as’coming within the general market. There was a brisk movement to inlying from the very start and practically all the good swine had been sold before Unclose to the early forenoon hours. There was but litle life to trade in cattle and prices were 25 cents lower generally, with spots that were fully 56 cents lower than the levels of the previous day's market. Commission men said that they could see no apparent reason for the lower tendencies, other than the effect the present weather would have on the meat trade. Chicago had a good cattle market on the previous day and early reports today were good, but all this failed to stimulate interest among the packers. Receipts for the clay ran close to 1.060, while there was some stale stuff in the pens. There were but few really good cattle of any grade timing the day’s receipts. This fact probably had more to do with lower prices than any other factor. Calves were strong to 50 cents higa- ! er. with receipts light at 400 and the I demand by shippers with Eastern house connections brisk., \ There was a top of $1 50 on choice j veals, while the bulk of that grade sold !at $12,506x13. There were more sales at ! $12.50 and at sl3 than there were on the I previous day’s mart. j Both sheep and lambs were steady, with receipts close to 300, the quality fair and the dent and good. HOGS. Best light hogs, 150 to DO ll>s average $4,001? 9.06 Over 360 lbs s.on®r 5.15 150 to 300 lbs .4.30(11; 0.06 Sows 0.006/: 6 50 Stags 5.0081 6.25 Best pigs under 140 1b5.... 8.756/ 9.00 Bulk us sales 5.35% 8.65 ; Tops 9.00 —(attic— I’rinie cornfed steers, 1.300 1 to 1.900 llis , 0.75® 7.75 I Good to choice SI i-rs, 1,209 Cos 1,300 llis 5.50® 6.25 j Good to choice steers, 1.109 to ; 1,200 Ills 4.75® 5.25 ■Good to choice steers, 1,000 to 1,100 ihs 4.30® 4.75 Common to medium steers, | 88 to 1,000 lbs 4.00® 4.50 ; —lows and Heifers—• j Good to choice heifers 6.00® 7.50 1 I Medium heifers 4.006/ 6.1,0 %'ummoii to medium heifers.. 350 m, 100 : Good to choice cows 3.0(1® 4.75 I j Fair to medium cows I.oo® 2.50 1 iut ters 3 25 - 2.50 ' rs 7 —Bulls—- ! Good to choice butcher bulls. 3 50./ 475 i Bologna bulls 3.00-7 1 350 ! Light bologna bulls 2.30 m 2.75 Light lo common bulls 2.00® 2.50 —Calves—- ; Choice VcaJs 12.50(0 13.50 ' Good veals 11.50® 12.50 Medium v.-al .. 9.506< 11.00 . ! !it"cif bt veils j-i.OOfq 91) 1 j Common l > heavyweight veals 700® •> 00 '• —Stockers anil Feeders—- ! Good to choice steers under soo ills 4 504$ 4 75 Medi tin cows * 1)0® 350 I Good cows 3.50® 4 25 Good heifers 5.00® 6.50 1 Medium to good heifers 4.00(1/1 4.75 iMilkers 37.00®73.00 Sheep and Lambs—- ; Ewes I,oo® 4.50 Bucks 2.50® 3.50 : Good to choice lambs 10HO® 15 00 ids - 'Buck lambs 050® sjiO ! Culls 4.00® 57)0 !

Other Livestock

CHICAGO, Jan. 18. liugs—Receipts, 17,000; market, fairly active and steady to Id cents higher; bulk of sales. #7.75® 825; top, $8.75; heavies, $7.75®5; mediums, $7.90 -/ 8.50; lights. sS,2.*® s.Gu; light lights, $5.25®8.75; heavy packing sows, smooth. $6.01 ® 7.:'-5; packing sows, rough, so.2sr</0.75; pigs. $--//s.t®. Cattle K'-oipts, 10.000; market, slow steady. Beef steers; choice and prime. s9®lo; medium and good, $7®9.10; good and choice. SB.IT.® lo; ('.million and medium, #5.55®;8,15, Butcher cat tie; heifers, $1.15 ®8; cow 6 i’./0; bulls, Sl® 0. Canners and cutters; cows and heifers, $2.50® 3.50; feeder steers, $5.35(0:7; Stocker steers, #5.35®'7; Stocker steers, $!.50®6.85; stoeker cows and heifers, $::®5.25. Sheep anil lambs—Receipts, 18,000; market, generally steady; good to choice lambs. $11.75®. 13: cull and common lambs, $9.25 ®:11.75: ewes. $54(7.75; cull and common ewes, $2.75® 1.75; feeder lambs, $1 >.23® 12.50. CINCINNATI, Jan. 13.—IJogs-Re-ceipts, 4.000; market steady to 25 ecu's higher; heavies, .$7.25®8.50; mixed, .ss7s; mediums. #8.75®9; lights and pigs, #8 75; roughs, s6® 6.25; stags, $4.25® t 50. fitlie- Receipts. 400; market slow; bulls, dull; calves, $12.50: few, sl3. She p mid lambs-—Receipts. 500; market strong; owes. #l®s; bucks, $3; choice lambs, sl3; seconds, $9; culls, s4® 5. CLEVELAND, Jan. IS.—Hors—Receipts, 3,000; market, strong to 25c higher: york.-rs, $9; mixed, $8.50; mediums. $3.50; pigs, #9; roughs, $6; stags, $4. Cattle—Receipts, 200; market, strong. Sheep and lambs—Receipts, 1.000; market, strong; top, ..13.25. Calves—Receipts, 150; market, strong: top, sl3. EAST BUFFALO, Jan. IS.—Hogs—Receipts, 4.800; market slow; yorkers, $9 (09.25; pigs. #9® 9 25; mixed, $8.50® 9; heavies, $86(8.50; roughs, $6.506)'6.75; stags, $3.50®. 1.50. Cattli—Receipts. 300; market slow; shipping steers, $7,25®8.25; butcher grades, $76/8; heifers, $56/7.50; cows, $2,256/5.5(1; boils, $3,506/6. Calves— Receipts, lot); market active; cull to choice, $56/14.50. Sheep and lambs-Re-ceipts, 2,400; market slow; choice lambs, $136(13.85; cull to gair. SB6/12.50; yearlings, SB6/11.50; sheep, $36j7.50. EAST ST. LOUIS, Jan. is.—Hogs—Receipts, 12,(00; market, steady to 15 cents ldgher; mixed and butchers, $8.05®.8.35; good heavies, $7.75®.8.15; roughs, $5.75®. 0 50; lights, $5.356/88.59; pigs, $7.756 j-5.59; bulk of sales, $8.10®5.40. Cattle—Receipts, 4.000; market, steady; native beef steers, $7.506/,7.75; yearling steers and heifers, $76/8; cows, $3.25®:-8.50; Stockers and feeders, $4©0.10; calves, $46/10.50; canners and cutters, $1.506/:.'!.25. Sheep and lambs —Receipts, 1,500; market, higher; mutton ewes, $5.70(i/jC.; choice lambs, [email protected]; canners and choppers, $1643.50. PITTSBURGH, .Tan. 18.—Hogs—Receipts, 1,500; market, 25e higher; prime heavies, $8.25@!8.50; mediums, heavy yorkers, light yorkers and pigs, $96x9.45; roughs, $66/6.50; stags, $3.50© I; heavy mixed. $8,506x8.63. Cuttle —Receipt*, It#); market steady; choice, [email protected]; prime, $7,506/8; good, s<@7.so; tidy butchers, #6.75® 7.25; fair $5.50® 0.25 common. sl6/: 5.25; common to good fat bulls, $3.50© 5.50; common to good fat cows, s2@s; heifers, #4.256x6.75; fresh cows and springers, $35(3.85; veal calves, $12.50; heavy and thin calves, $5.50®!8.50., .Sheep and lambs —Receipts, 500: market steady ; prime wethers, $7.256x7.50; good mixed, SG.SO@7; fair mixed, $56x6; culls and common, [email protected]; choice lambs, $13.50. CLI,VELANI) BRODUCE. CLEVELAND, Jan. IS.—Butter—Extra, 111 tails, 396/:’,9%c; prints, 406/.10%c; extra lirsts, 38® 38%c; firsts, 4<>6x4o%ej seconds, 32®32%e; packing stock, 18®20c. Eggs—Fresh gathered northern extras. 39c; extra firsts, 38c; Ohio firsts, now cases, 36%e; old eases, 36e; western firsts, new cases, 30c. Poultry—l,ive heavy fowls, 25@2Gc; spring culls, 206x22c; spring ducks, 2S® ; 3oc; turkeys, 35®!40c. Potatoes Michigans, $2.95 per 130-lb. bag; Early Ohios, $2.10 per 120-lb. bag; sweet potatoes, Jerseys, $1.85(3)1.00 per hamper.

GRAIN PRICES CLOSE HIGHER Light Offering and Good Buying Cause Jpturns. CHICAGO, Jan. 18.—Grain prices were generally higher on the Chicago Board of Trade today. Offerings were light and there was fair buying by local traders and some of the commission houses. Provisions were nominal. May wheat opened at $1.12%, up %e, closing up %c. July wheat opened up %c at $1.00% and closed off %c. May corn opened at 53%c. up %c, and closed unchanged. July corn opened unchanged at 54%c, closing up %c. May oats opened at 38%c. up %c, closing up %c. July oats opened unchanged at 39%c and closed up %e. (By Thomson & McKinnon.) —Jan. IS— Wheat—Considerable friendliness to wheat has developed today on the part of active local traders because there is a better tone in cables from United Kingdom and the continent. In conjunction with this it must be noted that the revival of foreign interest appears mainly in Argentine wheat, offerings of which are increasing and to a lesser degree in Manitobas, nothing whatever being done in United States wheats. It is also a faet that general interest at home has not been broadened. Germany is said to have been a good buyer of Argentine surplus and continental takings are somewhat larger than previous estimates. Milling wheat ruled strong everywhere, undoubtedly from scarcity of offerings instead of from any broad demand, as the Hour trade does not show important improvement. Texas and Kansas are claiming the presence of greenbugs. It svems a little early in the growth of the crop to commence pointing out its danger.l. The July delivery shows less relative strength than the May, thought to be due to a transference of hedging sales from the May to the July. Inasmuch as there is no foreign demand for our remaining surplus and milling trade is slow it seems reasonable to believe that the market will not maintain periods of strength. Corn and Oats—Moderate sales of corn to seaboard exporters have been reported but on the whole the export demand has lessened, mainly because the Russian Relief Commission was not a buyer today, offerings from the country are not large and held above market. There is some evidence of a revival of interest in the oat market, based upon the idea that when the present visible supply is depleted there will tie little possibility of buying oats readily as reserves iu the country are either exhausted or well held. Wo think it inadvisable to anti'ipafe lower prices in either corn or oats. Provisions—The hog market was again quite strong ami the best demand coming from ship; ers. The chief buying in produets was from former sellers, previous holders and spreaders supplying the needs. So long as hogs remain strong, the provision Hat should not show weakness. ' CHICAGO (.RAIN TABLE. —.Tan. IS WHEAT— Open. High. Low. Close. Mav 1.12% 1.13 1 11% 1.12% .1111 v .... 1.60% 1.01% 1.00% 1.00% COllX — „ - , May 53% .53% .53 July .o-j .*>4% .*>*•/& "'May7... .58% .37% .38% .38% July..., .39% .39% .59% .39% '•.hik.T. 1010 LARD—.Ian.... 9.32 9.50 0.32 9.32 Mav..., 9.70 V. 72 9.62 0.63 RIBS- „ r . May.... 8.70 8.82 8.65 $.Ol 1 May 83% .84% .83% .83% •July .i6 '4 •Nomiqpl. CHICAGO CASH (.RAIN. CHICAGO, Jan. Is. Wheat —No. 1 northern spring, $1.30; No. 2 mixed, SI o.y . No. 2 hard winter, slll. t om—\o 1 mixed ami No. 2 yellow. 48%® ] in,-; No. 2 whi >•, 49c; No. •’> mixed, j is ~ ; .No. 3 yellow, 47%.( .s%c; No. 4 mixed 4i;i ,0; No. 4 white, 6%®40%C; No 4’ Yellow, 10-0 17%c. Oats—No. 2 white, 37 1 1 Sri ■i < f ; -N". 3 white, 34®30%c; No. 4 white 32V|(ri34%c. TOLEDO GRAIN BRICES. TOLEDO, Jan. IS Wheat—Cash, sl2l (,1.1.23; Mav. $1.25; July, $1.06. CornCash, 52'..6i53%c. Oats (’ash, 39%®He. Ry- Cash, 85c. Barley -Cash, 62c. Bill MARY MARKETS. IBy Thomson & McKinnon) —Jan. IS—- — Receipts— Wheat. Corn. Oats. St Joseph.... 14,000 (52,000 Milwaukee .. 3,0N) 172.0 0 106,UN.) Minneapolis . 300,(NN) 93,000 42,UX) Duluth 24,iM) 46,000 IOJNN) Sf l.iiu is 90.000 207,0(10 82,000 Toledo .." 1,000 43,081 6,000 Den-i.lt 3,000 11,000 14,000 Kansas City. 1 fi'.ooo 53.000 i’eorla 2.000 134.000 61,000 Omaha is.ow m.ooo .sn.ooo Indianapolis... 7,'ND 176,000 * 2.000 Tot als .. 034.000 2,573.01>0 713,1)00! Y.-ar ago.. .1,106,000 1,812,000 671,000 ShipmentWheat. Corn. Oats. St Joseph.... 0,000 34,000 4,(N*o| Minneapolis . J25.0d0 101,(NX) 82.000 St Louis 74. UN) 129.000 83,'NK) j Toledo .... 3,000 7,O(X> 7,000! Detroit 2,000 4.IHN) 2.000 , Kansas City.. 192.000 19,000 7.000 Benr a ....... 4.003' 72.uM 10,000 j Omaha ...... 3,000 38,000 13,000 Totals 451,000 97:.MNN> 535,000 Year ago... 753,(N)0 790,000 406,000 —Clearances — Wheat. Corn. Oats. New York 25,000 9.000 Boston 00,000 I’liiladelphia 12,000 69,000 Baltimore 249,000

Totals * :ST.IS*O 327,000 00,000 Year ago IX IMA NAPOI.IS CASH CHAIN. —.Tan. IS— Bids for oar lots of grain and hay at the rail of the Indianapolis Board of Trade were: Wheat —Strong: No. 2 red. Sl.-t'o l -•>. torn—Firm; No. 1! white. 4SVi®ooe i Xo. 1 white, 47‘ jfi?4o’ie; No. 3 yellow. 4S'-'.(ff 41*'..<•; No. 4 yellow. 47'.® IS'!<•; No." mixed, 47Vi<vi40e; No. 4 mixed, 40’* , * Oats—Firm; No. 2 white, 37>i@3SJ<ic: No. 3 white, 35*4®37 Vie. . Hav—Steady; No. I timothy, fli IS; Xo. 2 timothy. $17®17.50: No. 1 light elover mixed, $1G.50®17; No. 1 clover, il',t(n2o. Wheat—No. 4 red, 1 car. Corn—No. 3 white. 5 cars; No. 4 white, 10 ears; No. 5 white. 1 car; No. 0 white, 2 cars; sample white, 1 car> No. 3 yellow, t> cat#; No. 4 yellow, 10 cars; No 5 yellow, 10 ears; No. 0 yellow. 7 cars; No. 3 mixed. 2 cars; No. 4 mixed, 0 cars; total, 00 cars. Cats —No. 1 white, 1 ear; No. - white, 3 cars; No. 3 white, 11 cars; No. 4 white, 0 ears; total. 21 cars. Hav —No. 1 timothy, 1 car; No. _ timothy 2 ears; No. 1 light clover mixed, 1 ear'; No. 1 clover mixed, 1 car; total, 5 cars. s HAY MARKET. The following are the Indianapolis Brices for hay by the wagon load, tievered; Hay-Loose timothy, fl0.00@17; mixed hay, sls@lG; baled hay, #l7® 18. Oats —Bushel, new, per bushel, 32®33c. Corn—Old, per bushel. 54@60e. WAGON W HEAT PRICES. Indianapolis flour mills and elevators today were paying #1.14 per bushed for No. 1 red winter wheat; #1.12 lor 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, 27@30e. Butter—Packing stock, 15@17e. Poultry—Fowls. 16® 23c; springs, 10® 23c; cocks, ll(§12c; stags, 13@loc; 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, 30c; young tom turks, 12 lbs. and up. 3S®3oc; old tom turks, 31@32c; cul! thin utrkevs not wanted; ducks, 4 lbs. and up, l®l0c; geese, 10 lbs and up. 14@10e; squabs. II lbs to dozen, $5; young guineas, 2-lb. size, per doz., [email protected]; old guineas, per doz., [email protected]. Butter—Local dealers are paying 30® 37c per lb. for butter delivered in Indianapolis. Butter Fat —Local dealers are paying 32e per lb. for butter fat delivered in Indianapolis.

Local Stock Exchange

—Jan. 18— STOCKS. Bid. Ask. Ind. Ry. & Light com 60 Ind. Ry. iV Light pfd 75 Indpls. & S. E pfd •... 6* lndpls. A N. W. pfd 60 Indpls. St. Ry 40 45 T. H.. T. &E. pfd 63% ... T. 11.. T. A E. com 4 T. H.. I. & E. pfd 10 U. T. of Ind. com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance-Ruinely com. Advanee-Rumely pfd Am. C'reosoting pfd 92% Am. Central Life 175 Belt R. it. com 66 71 •Belt It. It. pfd 47% ... Century Bldg. Cos. pfd 93 Citizens Gas Cos 25% 27% Dodge Mfg. Cos. pfd 88 •Home Brewing 44 Ind. Hotel com 65 •Ind. Hotel pfd 97% ... Indpls. Nat. Ins. Cos 3% ... | Inti. Title Guarantee Cos 45 j Indiana Pipe Lines 86 91 I Indpls. Abattoir pfd 41% ... ! *lndpls. Gas 45 49 Indpis. Tei. com 2 I indpls. Tel. pfd 9' ... ! Mer. I’ub. Util, pfd 48% 53% Nat. Motor Car Cos 1 3 Pub. Sav. Ins. Cos 4% ... Rauh Fer. pfd 45% ... Stand. Oil of Indiana 86% 87% Sterling Fire Ins. Cos 7 8 j Van Camp Ildw. pfd DM ; Van Camp Packing pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandnlia Coal Cos. com 3% Vandalia Coal Cos. pfd 5 1 9 Wabash Ry. pfd 19 2-i BONDS. Broad Ripple 5s 60 05 Citizens St. Ity. 5s 72 73 Indian CYk. Coal and Mine 100 Ind. Coke & Gas 5s 86 Indpls. C. & S. 9s 91 Indpls. A Martinsville 5s 57 Indpls. A North. 5s 36 41 j Indpis. A N. W. 5s 49 54 Indpls. A S. E. 5s 45 Indpls., Shelby, a S. E. 55.. ... indpls. St. Ry. 5s 58 C3 Indpls. T. A T. 5s 76% ... T. H , I. A E. 5s 50 U. T. of Ind. 5s 4.) •>') Citizens Gas 5s 83 Indianapolis Gas Cos 82 Kokomo. M. A W. 5s 83 ... Ind. Hotel Cos. 2d 5s 95 Indpls. L. A H. 5s 85 90 Imlpls. Water Cos. 5 92% 9-> Indpls Water Cos. 4%s 80 S Mer. Tel. Ist 6s 96% 99% New Tel. Ist 6s 9> ... New Tel. I*. D. 5s 94 ••• Sou. Ind. Power 5s * Bs% •Ex dividend. LIBERTY BONDS.. Liberty, first 3%s 97 40 97.60 Liberty, first 4%s 97.70 '.G.9 Liberty, second 4%s 97.50 9*.64 Liberty, third 4%s 97.78 97.88 Libertv. fourth 4%s 07.6s 97.82 Victory 3%s 100.00 100.14 i Victory 4%s 100.04 100.14 —Sal-s—----j Seventy shares Belt Railway com. at 66 ! SI,OOO Citizens St. Ry. 5s at 71% $2,000 Citizens St. Ry 5s at 72 SI,OOO Indpls. St. Ry. 4s at 58 Local Curb Market (By Newton Todd.) —Jan. IS— Am. Hominy com It 20 Central and Coast Oil 2 Choate Oil Corp % 1% Colum! ia Fire ins. Cos 6 7% Comet Auto % 2 Dayton Rubber Units 48 5h Dictograph Prod, pfd 40 50 D. W.'Griffith 7% 8% Elgin Motor Car 1% 3 Fed. Fin. Cos. pfd 77 87 ! Fed. Fin. Cos. com 122 132 Gt. Sou. Pro!. A Kef 5 6 In-1. Rural Credits 50 Go Metro. 5-50 c Stores coin 6 9 Metro. 5-Goe stores pfd 2" 28 Nat. Underiv.iting 3% 5 Ranch fk Lang Units 20 30 Iluh.-Tex. Units 14% 16% V. S. Auto. Units 56 66 U. S. Mtg. Cos. Units 150 164 BANK STOCKS. Commercial NaL. Bank 71 81 Cunt. N it. Bank 100 116 Ind. Trust C 0... 175 190 Ind. Nat. Bank 203 276 Mer. Nat. Bunk 280 Security Trust Cos 130 State Ssv. A Trust 91 9S Union Trust Cos 300 ... Wash. Bank A Trust C 0... 150 CHICAGO PRODUCE. CHICAGO, Jan. 18.—Butter—Receipts, 5,300 tutis; creamery extras, 32%e; firsts. 20‘> ''t 31 %c; packing stock. 16® ISc. Eggs --Receipts, 11.000 cases; current receipts, 52®33c; ordinary firsts. 29®31c; firsts, 31c; checks. 25®26c; dirties. 27® ‘Bc. Cheese-Twins, new. 2fle; daisies. 2hi 20'ic; voung Americas. 20%c: longhorns, 20'ic: bricks. 17e. Live poultry—Turkeys. 2.V; chickens. 23c; springs. 21 %c; roosters. 17e; gt. s.-, 17c: (lucks. 27e. Po-tatoes-Receipts. 24 cars; Wisconsin*, #1.90® 2.05 per 150 Ib. bag; Minnesota*, $1.90®2; Idaho Russets, $2.20. TOLEDO SEED PRICE*. TOLEDO. Jan. 18.—Clover Seed—Cash, January and March, $13.85 bid; February. | $14.(0: April. $12.80. Alsike -Cash, $11.60; February, $11.65; March, sll.l Timothy —Cash and January, $3.25; February, $3.30; March. $3.35. WHOLESALE BEEF*BRICES. The following are today's wholesale j prices or beef cuts as sold on the Indianapolis markets of Swift A Cos. Ribs—No. ‘220; No. 3,18 c. Loins—No. 2. 26c; No, *2l Rounds—No. 1. 14c; No. 2. 12c. Chucks—No. 2,9 c; No. 3, B%c. Plates— No. 2, Sc; No. 3. 7%e.

Common School Fund of State Apportioned Apportionment of $1,623.(85.33 of the common school fund among the counties of the State has bee" -‘r.mple’xu by J. S. Hubbard, deputy superintendent of public instruction. The distribution was made on a per capita basis of $2,036 for each of the 797.537 school children in the St ate. The largest amount went to Marion County, the total being $168,880.09. Ohio county’s quota, $1,860.90, was the smallest. The funds are derived from a number of sources, the largest item being from the Stale school tax. for which 7% cents is collected on each stno worth of taxable property. Other items include unclaimed fees, manuscript fees and show licenses. The funds are apportioned twice each year, in January and June. Mrs. Everingham to Be Buried Friday Funeral services for Mrs. Sarah E. Everlnghnrn, 79, who died yesterday at the home of her daughter, Mrs. K. A. Tilley, 2220 Bellefoiitaine street, will be held from the Tilley home at 10 o’clock Friday morning. Burial will be in Crown Hill Cemetery. Surviving are two sons. John of New Jersey and .T. IV. Everingham of Indianapolis, and three daughters, Mrs. Tilley. Mrs. Stella E. Cqtton of Elwood, and Mrs. Jennie Williams of tills city. Mrs. Everingham came to this city about twenty-six years ago Her husband, William H. Everingham, died several years ago. YALE ALUMNI MEETING. At the annual meeting of the Indian.-)! Yale Alumni Association held at the University Club last night the following officers were elected: Addison J. Uarry, president : Samuel B. Sntpliiu, vice president, and Evans Woollen, Jr., secretary and treasurer. LIBRARY SHOWS PICTURE. Anew loan from the Ilerrou Art Institute to the Indianapolis public library is the, picture, “Winter Sunlight,’ painted by T. C. Steele in 1912 and acquired by the art institute in 1913. The picture is shown in the delivery room of the library.

CHARGED WITH BEING FUGITIVE Harreil to Be Returned to Kentucky on Old Charge. Frank 11. Harrell. 35, was arrested in a rooming house at 711 North New Jersey street today by Detectives buniym and Summers, and was charged with being a fugitive from justice. Harrell, was arrested in Indianapolis last fall in company with Laura Shannon of Louisville. Ky„ where they were wanted on 0 charge of child desertion. Harrell is said to have deserted four children and the Shannon woman two. Both were returned to Louisville at that time to answer the charge. Soon after he was returned to that city Harrell was released on bond and he returned to Indianapolis. He will be Returned to Louisville where he w>lt be tried on the charge. Nicholson Again HeadsJ3ry League Timothy Nicholson. 94, of Richmond was re-elected president Os the Indiana Anti-Saloon League for his twenty-third consecutive term, following a meeting-of the trustees of the organization in the i State Life building yesterday, j Other officers elected are Bishop H. H I Font, Indianapolis, first vice president; j The Rev. C. I*. Baron, Columbus, second | vice president: Orlando H. Palmer, In ; dianapolis, treasurer. The Rev. C. M I Dismore, Indianapolis, succeeded S. E. I Nicholson. Richmond, as secretary, i E. S. Shumaker, who has been superintendent of th Indiana Dacue- for fourI teen years, was reappointed. The report of the treasurer showed that more than s4o.(sh) was received during the last year and that most of this | amount had been expended in extending | the work of the league in the State. ■ Mr. Shumaker warned workers of the or- | ganization to fight the efforts of tho | wets to elect a wet Congress. Final Drive for Jewish Relief Fund The final drive for the American Jewish relief fun (lis under way, Louis J.Borinstein, State chairman of the campaign, annoiniceff today. Final reports of the drive will be announced to team members in the Claypool Hotel at noon tomorrow. It is estimated that more than $150,000 has been collected in Indianapolis an*s this will be applied to the $9)0,000 quota of the State. Reports from over the State, according to Mr. Borinstein. show that the colleci tions have been large and will bring tb" J total thus far collected up to the $390,600 mark. The campaign will be opened la Terre ‘ Haute tomorrow. Team workers from Indianapolis will go tiiere and work in that city and others In the southwestern part of the State. The campaign will open in Lake County next week, Mr, Borinstein said. Fined for Failure to Report Purchase Dave Epstein, proprietor of n secondhand store at 610 South IVest street, was ! fined $1 and costs in city court today by Judge Delbert O. IViimeth on the charge of failing to report second-hand property purchased to the police. Testimony was introduced which showed that Epstein had bought a stolen overcoat from a negro and had not made a report to the police. The coat was later proved to be stolen from Robert George, negro, 557 Chadwick street. Detectives began investigation at the request of George and James Page, negro, 419 West Henry street, who bought the coat. The two men are friends ana through cooperation with detectives George's overcoat was returned to him and Bage was refunded for ihe amount he paid for the coat. Funeral Services for Mrs. A, R. Kraft Funeral services for Mrs. Minnie O. Kraft, 34. who died Monday at the Methodist Hospital following an operation, were held today from the late residence at 346 Hamilton avenue. Following a short service at the home, a service was held at the Emerson Baptist Church. Burial was in Memorial Park Cemetery. Mrs. Kraft was the wife of Albert R. Kraft. She was born in Hancock County, and came 10 Indianapolis about fourtecß years agp. 111 addition to her husband, she is survived by three ehildreu, one brother and her parents. Specialists Will Hold Session Here Meetings of the Indiana Academy of Ophthalmology cud Oto-larynology will' be held at the Claypool Hotel this eveing and tomorrow. The principal speaker at a dinner tomorrow evening will be Dr. Harry Pollock of Chicago. Speakers at the Thursday sessions will be I)-. C J, Adams, Kokomo: Dr. Georg? F. Keiper, Lafayette; Dr. J. w, Cannock. Indianapolis; I>r. (>. C. Preite-nbaeh, Columbus; Miss Gertrude Torrey, Chicago; Dr. F. MuKay Ruby. Union City; Dr. W. F. I 1 IPs Hartford City; Dr. E. J. Lent, fcouth Bend, and Dr. J. F. Barnhill, Indianapolis.

Goes Back to Farm to Finish Sentence When Roy Montgomery, 816 South West street, was arrested by detectives today a charge of drunkenness he wu* identified by Detective Roy Feats, who arrested him in 1914 on a charge of assault and battery with intent to kill, for which lie was fined $1 and costs and sentenced to the Indiana State farm for six months. He escaped shortly after he entered the institution, but will lie returned to serve the remainder of his sen-! tence. Orders Prisoner Talken to Georgia Removal of W. W. (Swifty) Klein of Atlanta, Ga., to that city for trial was ordered by Judge Ferdinand A. Geiger in Federal Court today. . Klein is nod r indictment in Atlanta in connection with an alleged fake prize fight, and stock market swindle, similar in character to the games worked by the famous Muneie gang in this State about two years ago. He was arrested by postoffice inspectors here Sunday. DEDICATE SCHOOL THURSDAY. Tiie dedicatory services for school No. 2 in Center Township will be held Thursday night with Evans Woollen, president of the Fletcher Savings and Trust Company, as the principal speaker. Other speakers will include Lee E. Swails, county superintendent of schools; Emmanuel F. Huggins, W. E. Foley, Dr. J. N. Ilurty of the State board of health: Judge James A. Collins of tiie Criminal Court, and the Rev. W. H. Labr. MINNEAPOLIS GETS dairy SHOW. The 1922 national dairy show is to be held in Minneapolis, Minn., according to word received here by I. Newt Brown, secretary oft Tie State board of agriculture. An effort was made by members of the Indiana hoard of agriculture to have the show in Indiana this year. The invitation to hold the show here will probably be accepted in 1923, Mr. Brown said.