Indianapolis Times, Volume 34, Number 216, Indianapolis, Marion County, 19 January 1922 — Page 10

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STOCK GROUPS COME TO FRONT IN SUCCESSION Sentiment of Street Optimistic Throughout Full Session. IMPROVEMENT IN STEEL Special to Indiana Daily Times and Philadelphia Public Ledger. BY MONITOR. NEW YORK, Jan. I!).— Success ire up ward movements in the industrial group served to give the stock market an appearance of activity and strength and sentiment throughout the Street retained its optimism. In the morning the motors and oils furnished the feature. Later when they showed a tendency to react, soma of the specialties came forward. This performance was followed by strength in the steels, while along in midafternoon practically the entire sugar group came to the front with a rush. Studebaker and Chandler made new high levels for the present upward movement but failed to hold ail their gains. The Pierce Arrow issues also were freely bought. The feature of the steels was Gulf States, which ran up sharply to a net gain of five points, reacted raoderateate and then closed at the top. United States Steel was stronger than it has been for several weeks. The weekly review of the Iron Age indicates an improvement in sentiment throughout the industry but attributes this more to the expectation of increased business in the spring than to any demand that lias appeared since the turn of the year. Short covering no doubt was largely responsible for the heavy buying that made its appearance throughout the sugar group. American Sugar, Punta Alegre, Manati and Cuban American, ail made sharp advances on what appeared to be urgent buying. Among the specialties that were prominent in the day's trading were National Enameling and Slamping, Railway Steel Springs, Marine Preferred and American W oolen. It looks as if the strength of certain commodities was having its effect on t lie stocks associated with the industries. Raw sugar was firm, thus creating more confidence in regard to the future of the sugar shares. The Improvement in the leather industry and the strength of woo] undoubtedly had the same effect on American Hide and Leather Preferred. Central Leather and American Woolen. The inventory position of these stocks would benefit materially from a rise inraw material prices.—Copyright, 1922, by Public Ledger Company. WALL ST. GOSSIP BY MONITOR. Trading in stocks was featured by general strength and advances to nsv>hig prices for the present movement of a large number of issues. The motor stocks which have been favorites recently were among those, but some the rails, the sugars and a long list of miscellaneous industrials were bought aggressively. It was tbe general opion of the trading element that the sharp advance In Chandler Motors had reduced largely the outstanding short interest. One firm which has been very active in the advance reporrs that the short, interest is now larger than when the price was below 50. A considerable amount of the having recently is understood to have been for interests identified with the company and this stock will be withdrawn from the market. After a straight advance of 12 points, the opinion is expressed that a technical reaction may well be in order. Studebaker on account of the large amount of profit taking around 90, reacted from this price. The short interest in this stock is reported to be large. Ther”’ also is a large outside following which makes the market difficult to handle, and there is a hint in some quarters that a day of reaction would help the technical position. Tbe Pierce Arrow issues came into prominence when it became known that of 51 cars sold at retail during the motor show, 15 were the highest priced Pierce Arrows. Fears for the company's financial status which were openly expressed some months ago, have been dissipated by the knowledge that the company's finances have been greatly strengthened. There is every indication that the company will have a prosperous year and buying of the preferred stock in particular is due to this belief. Early in the second hour the general list was uncertain ami nt this time large buying orders in United States Steel made their appearance. Buying of numerous blocks of 1.000 to 2,000 shares each was in evidence on the advance of nearly a point which was scored. Above S5 the stock was higher than at any time since it sold below 71. vast year. Neither the buying or the selling was of a significant character. Extracts from the Iron Trade Review which reached the Street were of a decidedly optimistic tenor, and were responsible'for the buying which came into the independent steel stocks. Crucible Steel, which has been under persistent pressure since It sold ex-dividend, rallied more than two points on covering of short contracts. Thj other steels also rallied sharply, but the more active issues failed to hold their gains. National Enameling and Stamping, which, Tuesday, sold at a new tow despite strength in the general list, rallied more than 6 points yesterday on a drive against the shorts. It is understood that the company’s annual statement will ■ show a large deficit. Directors meet for dividend action next month and the financial district expects the dividend to be passed. American Woolen advanced sharply on advices of an encouraging nature from Boston. Most of tbe buying was for the account of firms having offices in that city Some of the better grades of wool have advanced nearly 50 per cent from the low prices last summer. American Woolen will open its lines next week, and there are confident predictions that orders sufficient to maintain capacity production tor the first half year will be taken. The buying was largely speculative, but was considered good. The railroads were strong in the late afternoon trading, the high priced investment stocks of this group being pnr- ■- tioularlv favored. This buying followed the publication of the idle car statement showing an increase of 71.958 ears in use (luring the first week of January over the last week of December. There is a feeling in well informed circles that the negotiations at Washington between the labor leaders and the railway executives will result in a settlement of their differences without recourse to the Railway Labor Board. It was announced that the Cuba sane Sugar Corporation will pay off its $13.500.000 of sugar acceptance credit which matures Jan. 30. Anew credit of S7.<XX).000 has been arranged by bankers it is reported. There has been considerable comment in the financial district on the showing which the Butterick Publishing Company might be expected to make in the annual report which soon is to be issued. In quarters familiar with the company’s affairs, it is estimated that the report will show net income after taxes and appreciation of about $1,000,000 or the equivalent of SS on the outstanding stock. This compares with $1.60 per share in 1920. It is understood that recent buying has been for the account of interests identified with the company. There is a persistent report that the dividend rate on Public Service Corporation of New Jersey stock will be increased at the meeting scheduled March 15. The present rate is $4. The company earned $5.12 per share in 1920. and there is reason to believe that earnings may show $lO per share last year.—Copyright, 1922, by Public Ledger Company.

j N. Y. Stock Exchange 1 (By Thomson & McKinnon.) —Jan. 19— Prev. I High. Low. Close, close, j I Allied Chem 59 Va 08M( 5859 1 i Ajax Rubber.... 14% 13(s 14 14% | i Allis-Chalmers.. 43% 42% 42% 42% i Am. Agri 31% 30% 31 30(4 I Am. 11. Sugar... 36 34% 34’,4 35% I Am.B. Mag. Cos. 39% 38 38 39% I Am. Car A Fy..140% 146% 146% 146% Am. Can 34% 33% 34 34 Am.H. A L.cotu. 14 13% 14 14 Ara.H. A L.pfd.. 62% 61% 61% 62% Am. lice 86% 83% 84% 84% Am.lnt. Corp... 42 40% 40% 41 Am. Linseed ... 31% 31% 31% 32% Am. Locorno. ...107% 105% 105% 106% Am. S. A Ref 48 47 47% 47% Am. Sug. Itef... 63 62 6'! 62% Am.S.Tobae. Cos. 3314 32% 32% 33% Am. Steel Fdy.. 33 32% 52% 32% Am. Tel. 4A Tel.llß 117% 117'. 118 Ain. Tobacco... .133% 131% 133% 134 Am. W001en.... 84% 81 82% 83% Am. Zinc & Ld. 14% 13% 11 13% Ana. Min. C 0... 49% 49% 49% 49% Atchison 98% 97% 97% 98% Atl. Gulf A W.I. 30% 29% 29% 30% Baldwin L0c0... 98% 90% 97% 98 I!. A 0 33% 34% 34% 35% Beth. Steel (B). 59% 58% 38% 58% Cali. Pete ls% 47'. 47% 48% Can. Pac. Ry... 126% 1247s 125 126% Cent. Leather... 32% 32% 32% 33 Chandler Motors 59% 58% 59% 00% C. A 0 57 50% 57 57% C.. M. A St. P.. 19% 19% 19% 19% C.M. A St.P.pfd. 32% 31% 31% 32% Chi. A N. W... 65% 64 64% 64 t\. R. r. A P 32% 31% 31% 52% C K.1.AP.0% pfd.. 74 74 74 73% C. R .I.A P. 7% pfd.. 88 87 87 87% Chili Copper ... 17% 17% 17% 17% Chino Copper .. 28% 28% 28% 28% Coca Cola 34% 34% 33% 43% Col. Fuel A Iron 27 25% 27 20% Columbia Gas.. 69% 67% 07% 68% | I Columbia Graph 1% 1% 1% 1"Icons. Gas 93% 93 93% 93% C. C. A St. L. .. 55% 55% 55% ..... Cosden Oil .... 31% 33% 33% 34% Corn Prod 98% 97% 98% 98% Crucible steel . 59% 58% 59% 59% Cuban Am. Sug. 17% 16% 16% lfi'.'s Cuban Cane Sug it's S% 9 9 Del. A Hud 109% 109 b 109% 1(0 Del. A Lack....11l 113% 113% 114% Erie 9% 9 9% 9% Erie Ist pfd. .. 13', 13'j 13% 13% Famous Players 83% Sl% 5 2% 83% Fi.sk Rubber ... 12% 12% 12% 12% ] General Asphalt 59 57% 55% 59 i General Cigars. 72% 72 72 | | (ten. Electric. ..144% 140% 142 143% : General Motors. 9 8% 9 8% Goodrich 38% 37% 37% 38% ! Gt North, pfd.. 74 73% 73% 74 Gulf Sts. Steel. 85 60% 82 05 Haskell-Barker. 83% >3 83 s% Illinois Central.lo2 102 102 1 02% Inspir. Copper.. 40% 39% 59% 39% Invincible Oil.. 15% 15% 15% 15%' Indiaboma ..... 3% 3 < 3% Inter. Harvester 84 85% 84 83% j ! Inter. Nickel... 12% 12% 12% 12% Inter. Paper.... 48 47% 47% 48% Ist. Oil & Trans. 2% 2% 2% 2% K. C. Southern. 23% 23% 23% 23%. Kelly-Spg. Tire 38 37% 37% 3-8% Kennecott Cop. 28% 27 27% 27% Lackn. Steel... 48% 47 -17% 47% Lehigh Valley. 60 59% 59% 59%; Lee Tire 2SU 2-8% 2 S >% 28% Loews, Inc 15% 1.3% 13*4 13 Lima Loco 97 97 97 98 |L. A N 114% lit 114 114% J May Stores I<>s% ne-v, 108% 3(%% I Marine com 14% 14 14 14% Marine pfd 66%. 64% 65% 64% I Mont. Ward 14% 14% 14% 14% j Mex. Petrol 113'- 111% 112% 115% .Miami Copper... 27% 27% 27% 27% Middle Sr. 0i1... 32% 12% 12% 12% Midvale Steel... 31% 30% 30% 50% j Missouri Pac... 17% 16% 36% 17% M. Pa--. Ry. pfd. 46% 46 46 40% Nat. En. A Stm. 37% 35% 36% .".7% Natl. Lead 92% 92% 92% 9.3% Xev. C"n. <’op.. 15% 15 15 15% N. V. Airbrake.. 61 09% 60% .... X. V. Central.. 75% 71% 74', 74% New llaven 16% 15% 15% Nr. A West... 99% 93 99 99% Nor. Pacific 75% 77 77 7s | Pacific Oil 46% 45% 45% 46% j Pure Oil 36 55% 35% 5.i% i Pan-Am. Pete.. 51% - r, i% ■"_•% | Penn. Uv 31'. 54 34 :.l , People's Gas... 69% 07% 69% 67_ Pierce-Arrow... 17’, 15% 16% 16% I Pierce Oil C 0... 10% 9 9% 10% j Pitts. Coni 61 61 61 01% iP. Steel Car.... 64' j 64 0 4 04 1 Pull. Pal. Car ..112--, 119% 111% 112 Ry. S. Springs.. 98% 9s 98 99 Itay Copper 15 14% 15 15 Reading 74% 7.3% 74% 74% R p I. A $,... 55' , 53% 53% 53% Replogie Steel.. 31% 29 sb’, 25% R. Hatch N. Y.. 51% 50% 50% 51% S-Roebuek 65% 62% 02% 625s Sinclair 20% 20% 20% 20% Sloss Sheffield. . 41% 40% 40*4 41 Southern l’ac... 82% 81% 81% 5 2% Southern Uv. .. 18% Is% 18% 18’% Stand. Oil. Cal. 95% 91% 91% 95% Stand. Oil. N. .1. 179 177% 17-% 180% Stromberg Carb. 41% 40 40 41 i* Studebaker .... *"% '7% >' s '-> Texas Coal .... 25% 24% 24% 25% Texas Cos 45% 45% 45% 45% Texas Gas Sul.. 41% 41% 41% 26% Tub. Prod 65% 04% 65 64% Trans. Oil 10% 9% 10 10% Union Oil 20 19% 19% 20% Union Pacific 130 1 29% 129% 130% Uni. I’et. Stores 55% 54% 55% 54 TT.S.P.P. Corp.. 8% 8 8% 8% U. Fruit Cos 125 124% 121", 125 United Drug.... 70% 70 70% 71% TbS Indus. Aleu. 44% 4.3% 43% 44% V. S Rubber.... 55 54% 54% rs , U S steel 85% 84% 84% s% •• U P. steel nfil.ll7", 117", 1i7% 117% Utah Copper... 64% 63 6.3 63'4 Van. Steel 34 32% 33% 32% Wabash 6% 6% 6% .... Wab. Jst pfd.. 20' 20% 20% 20% White Oil 9'- 8% 9 9 West. Union.... 92% 91% 91% 92% West. Electro... 51 50% 50% 51 White Motors.! 40 38% 38p 40 W-Ovcrland .... 5% 5% 5% 5% Wilson A C 0.... .32 .32 .T 2 Worth. Pump... 46% 46% 40% 40% NEW YORK LIBERTY BONDS. —.Tan. 19. Prev. High Low Close Close I, ft 31 - 97.5 4 97.26 1(7.29 97.52 E. ft. Ist 4%s .. 97.98 97.76 97.80 97.91 B. 2nd 4%s .. 97.68 97.44 97.16 97.79 L B 3rd 4%s .. 97. its 97.90 97.96 97.96 1,. B. 4th 4(is .. 97.7(1 97.54 97.64 97.89 Victory 3%s 100.16 100.12 10O.lt 100.1} Victory 4%s ....100.18 100.12 100.14 100.14 CHICAGO STOCKS. (By Thomson & McKinnon.) —Jan. 19. Armour pfd. .. 92 92% 92 92(4 Armour Lea... 12'% .? Carbide A Carb. 47 47% 46 46 Libby 5% 5% 5% 3% Mont.-Ward. ... 14% Piggly Wiggly 34% 34% 34 34 Stewart-Warner 27% 27% 26% 26% Swift A Cos 101 lot 100 100% Swift Int 22% 23 22% 22% Nat. Lea. (new). 10% NEW YORK PETROLEUM. NEW YORK. Jan. 19.—Petroleum prices were again steady in trade on the market here today. Pennsylvania crude sold at $2.25 per barrel. NEW YORK TERPENTINE. NEW YORK, Jan. 19.—Turpentine again sold at 90c per gallon on the mar ket here today. NEW YORK WOOL. NEW YORK, Jan. 19.—W00l prices were steady In trade on the market here today. Local Curb Market (By Newton Todd.) —Jan. 19— Am. Hominy com 14 20 Central and Coast Oil 2 Choate Oil Corp % 1% Coluintia Fire Ins. Cos 6 7% Comet Auto % 2 Dayton Rubber Units 48 58 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. ProJ. A Kef 2 6 ind. Rural Credits 56 60 Metro. 5-50 c Stores com 6 9 Metro. 5-50 c Stores pfd 20 27 Nat. Underwriting 3% 5 Rauch A Lang Units 20 30 Rub.-Tex. Units 14% 16'% U. S. Auto. Units 5 66 U. S. Mtg. Cos. Units 150 164 BANK STOCKS. Commercial Nat. Bank 71 81 Cont. Nat. Bank 100 116 Ind. Trust Cos 175 lift Ind. Nat. Bank 260 276 Mer. Nat. Bank 280 Security Trust Cos 130 ... , State Sav. A Trust 91 98 Union Trust Cos 300 Wash. Bank A Trust C 0... 150 ... 1

STEEL STOCK BREAKS SHARPLY Raise in Call Money Rate Induces Late Selling. NEW YORK, Jan. 19.—A seusational advance of 20 points in the price of Gulf States Steel featured the trading on the stock market today. On active trading the stock advanced from a I closing last night of 65 to a high today of 25 At the close it fell back to 82. The local offices of the company declared they were unable to account for the violent fluctuations in the stock. However, it is believed that the advance is due to a contest for control of the company being waged between two factions. „ , , . The closing tone of the market was irregular. selling in some sections of the industrial anil railroa 1 list being induced iu the final trading by an advance in the call mot.ey rate to six per cent from a renewal . ate of 4% per cent. Steel common rallb i from 84% to 85. Baldwin Loeomot.ite came back nearly 1 point to 97. .... , The Tobaccos were strong. United Retail Stores showing a gain of over 1 point to above 55. ..... Tobacco Products was 1 point higher at Studel aker and Chandler both rallied moderately from their low levels. Mexican Petroleum finished 1 point lower at 112%. ... Government bonds were unchanged and railway and other bonds strong. Stock sales for Thursday were 789,00tt shares; bonds, $14,747,000. (By Thomson A McKinnon) —Jan. 19 — The less conspicuous steel issues are : still attracting attention and as stories of coming mergers are being constantly ! repeated it seems perfectly natural that the public and traders should find in this group an outlet for their optimism. Whether or not all of ttie mentioned companies will participate in these mergers is, of course, unknown at this time and it is just, ns likely as not that when all is completed, there will be some dis appointments. This, however, is not an unusual experience in the stock market most of the active specialties in the market have participated to a substantial extent in the recent buying movement, though today there was a good deal of | evidence of profit taking and conditions ! ia a technical way are favorable for a 1 i reaction to a moderate extent. A substantia! setback is hardly to be j expected at this time, unless we have j some unexpected change in banking con- ! ditions. The investor ns well as the trader is t impressed with the possibilities for bet--1 ferment during this year and therefore I we may expect an increased demand for 'stocks on reaction and we st il! regard ! such action with favor. TWENTY STOCKS AVERAGE. ! NEW YORK. Jail. 19.—Twenty industrial stocks Wednesday averaged 82.53. up -.4.3 lor cent. Twenty active rails averaged 76.58, up .62 per cent. CLEARING HOI SE STATEMENT. ! NEW YORK. Jan. 19. Federal liej serve Bank ••roiiit balances. $44. W M>*; I ♦•x< , hr l nge3, ,54H>,(>■*•; balances, $•,- Money and Exchange ! Indianapolis bank clearings Thursday : wer • $2,4.70.000; bank debits Thursday : were $4,609.'H0. ! NEW YORK, Jan. 19.—The foreign exchange market opened dull and irr*-guoir '.y.il:,v D-n ami Sterling showed l'.tllc , flange at $4.22% Uraii' S cables were s'_-ii.. ; chocks. s];i,- Belgian Jr n •aides were 7%t ; - - aides wer- !UV; checks. 4.37'-jc. Mark., were 00.72'jc; Guilder cables w.-r- • rhci ks, 36.07 c. NEW YORK < M.L MONEY. NEW YORK. .Tan. 19. Money- Fall monev ruled 4% per cent; high, 6 p‘-r i cent; low. 7 per cent. Time rates st-ady. , l'r.iuo no r antile paper, st-. dy. St r. i g I exchange was st-ady, with busimss in | bankers' bills at $4.21% for demand. MOTOR sEI l KITIES. (By Thomson A McKinnon.) —Jau. 19— —• lcsing— Bill Ak Earl Motors 3% j I'a k.ird com '■% • ■> ' Peerless od .> | Continental Motors coni %'ti 6 ! Continental Motors pfd 83 8* Hupp com 'I *' % i Hupp pfd 9" ••• I Reo Motor Car l s % L') j Elgin Motors 1% 9% Grant Motors 1 j Ford of Canada 26'* -•> | National Motors 1% ”% i Federal Truck H 16 j Paige Motors 16 !■’ ! Republic Truck • % & ACTIVE OIL STOCKS. (By Thomson A Mi Kinnon.) —Jan. 19— —()| ulng - Bid A-k. | Atlantic Lobos s ‘ j I Borne-Scry inser 52 > 340 ! Buckeye l’ipe Line 9 > 92 I Chescbrough Mfg. Cons 179 Pad Continental Oil, i'olorado... .130 U* ! Cosden Oil and Gas •> Crescent Pipe Line 3o .32’ Cumberland Pip*’ Line 12" 13 • Elk Basin Pete 6% 6% Eureka Pipe Line 8o S3 Galena Signal od pref ft'} lo.s Galena-Signal Oil, com -to 42 ! Illinois I’ipe Line 168 173 Indiana Pipe Lino 88 00 I Merritt <>l) 9% 9% Midwest Oil 2 1 . j 3 i Midwest ltfg 170 180 National Transit 28 30 New York 'transit 144 14s Northern Pipe Line 94 97 Ohio Oil 207 273 Oklahoma X*. A It 5% 5% Penn.-Mex 16 19 I’rarie Oil and Gas 52,0 550 Prairie Pipe Line 232 236 Sapnlpa Kefg 33% Solar Refining 370 .390 Southern Pipe Line 81 84 South Penn OP 180 190 Southwest Penn Pipe Lines.. 52 56 Standard Oil Cos. of Ind 86% 87 Standard Oil Cos. of Kan 560 580 Standard Oil Cos. of Ky 440 460 Standard Oil Cos. of Neb.... 170 185 Standard Oil Cos. of N. Y 250 2(27 Standard Oil Cos. of Ohio ..380 400 Swan A Finch 30 40 Vacuum Oil r 235 240 Washington Oil 30 40 NEW YORK CURB MARKET. (By Thomson A McKinnon.) —Jan. 19— —Closing—■ Bid. Ask. Acrne Packing .. 45 55 Curtis Aero com 3 4 Curtis Aero pfd IS 23 Goldfield Con 2 5 Jumbo Extension 3 7 Imperial Oil (Del ) 9% 9% International Petroleum 14% 15 Nipissing 6% 6% Standard Motors .3% 4 Salt Creek 14 14% Tonopah Extension 1-9-16 1% Tonopah Mining 1 7-16 1% United I’. S. new 1% 2 U. S. Light and Heat 90 95 U. S. Light and Ileat pfd... 1 1(4 Wright Martin 2 5 Yukon Gold Mine Cos 1 1 10 1% New Cornelia 18 ls% United Verde 2!* 29% | Sequoyah 3 6 Omar Oil 7.3 7,8 Kep. Tire 10 23 Boston and Mont 70 71 NEW YORK SUGARS. NEW YORK, Jan. 19.—Values of raw sugars were firm in trade on the market here today, Citbas being quoted at 3.61 c per pound, duty paid, while Porto Ricos sold at 3.54 c per pound, delivered. Refined sugars were firm, fine granulated and No. 1 soft both being quoted at [email protected] per pound. NEW YORK COFFEE. NEW YORK, Jan. 19.—Coffee values were easy iu trade on the exchange to- ; day, opening options being 5 to 10 points lower. Rio No. 7 on spot sold at 97/9%e p-.-r pound. NEW YORK RICE. NEW YORK. Jan. 19.—Rice prices ruled firm in trade on the market here today, domestic Icing quoted at 3(4 @ 7%c per pound.

IiMJiANA DAILY TIMES, THURSDAY, JANUARY 19, 1922.

1 New York Bonds (By Fletcher American Company.) I —Jan. 19— FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg (Unlisted) ss, Sept. 1, '45 72% 73% Arg 7s, Oct., '23 ...„ 98% 98% Belgian (is, Jan. 1, '25 95 95% ! Belgian 7%5, June 1, '45 196% 107% I Belgian Bs, Feb. 1. '4l 106% 107 I Bertie Bs, Nov. 1, '45 107 108 I Brazil Bs, June 1, ’4l 10-4 104% I Chile Bs, Oct. 1, ’26 100(4 100% Chile Bs, Feb. 1, ’ll 101(4 102 I Chile Bs, Nov. 1, ’4O 101 101% I Christiania Bs, Oct. 1, ’45. ...106 107 Copenhagen 5%5, July 1, ’44.. 88% 89 • Danish Muu Bs, Feb. 1. ’46. .100% 107 i Denmark Bs, Oct. 15, ’45 108 108% |‘Canadian 5%5, Dec. 1, ’22.. 94 95 i ‘Canadian 5%5, Nov. 1, ’23... 93% 94% ‘Canadian 5%5, Nov. 1, ’24.. 93 94 ; ‘Canadian ss, Dec. 1. 25.... 91% 93 i Canadian ss. Apr. 1, ’26 97(4 97% 'anadian 5%5, Dec. 1, '27... 94% 90 Canadian 5%5, Aug. 1. ’29.... 98 % 98% ■Canadian ss, Apr. 1, '3l 97% 98% ‘Canadian ss, Oct. 1, '31.... 91% 93 Canadian o%s, Nov. 1, ’33.. 96 97(4 ‘Canadian 5%5. Nov. 1, ’34.. 93% 94% Canadian ss, Mcb. 1, ’37.... 95 % 90% ‘Canadian 5%5, Dec. 1, 37.. 97% 99 ‘French (Viet.) ss, opt., ’3l 03% 65 ‘French 4s, Opt., '43 49% 51 French 7%5, Juue. '4l 95 95% French Bs, Sept. 15, ’45 100% 101 Jap (Ist I 4%5, Feb. 15, '2.7.. 87'i 87'% Jap (2nd) 4Us, July 10, '25.. NO', 87 Jap 4s. Jan. 1. ’3l 73% 74 Mexico ss, Jan., ’45 5.7% .77 Mexico 4s, Jan., '54 40% 40% Norway Bs, Oct. 1, ’4O 109 110 Queensland 7s, Oct. 1. '41.... 107 107% Rio de Janeiro Bs, Oct., '40.. 101 101% Sao Paulo Bs. Jan. 1, '3O 101% 1"2% Swedish 6s. .Tune 15, ’39.... 95% 96 Swiss T-t-.s. Aug. 1, '29 90% 97% Swiss Bs," July 1, '4O 113 115 U. K. 5%a, Nov. 1 ’22 lot* 190% U. H. 5%5, Aug. 1, ’29 99 100 U. K. 5%5. Fell. 1, '37 98% 9<% Uruguay Bs, Aug. 1, '46 104 105 ; Zurich Bs, Oct. 15, 45 lu7 108 j Bergen 8s 107 103 ‘lnternal Loans. CORPORATION BONDS. Bid Ask I Allied Packers 6s 69 71 i Alum. Cos. ul Am. 7, Nov. '25..10t 's 101 % I Am. Cot. Oil 6s. sept. 2. '21... 94 % 91% {Am. Tel. Os, Oct. '22 100% lpn , Am. Tel. Os, Fob. >2l 101 101% Amor. Tel. A Tel. 6s '25 110% 111% Am. Thread o>, Dee. 'i>B lui pui , Am. 't 011, is, Nov. '22 ]<il% pI a Am. Tob. 7s. Nov. '23........p'2 , lie-, 1 ■ 98 98% | Amu-nrda 7s. Jan. 29 lot's Pc I Anglo-Am. Oil 7%5, Apr. *25. .105% lot I Armour 7s. .1 uly 15, ‘3O 10 ; ■ At<diison Gen. 4s s.s% 88% Bell Tel. (if Gan. 7s, Apr. '25.1 >' , 101 -. Bell ul IV. 7s 108 , in'.i , Betii Steel 7s, July 15, _ ... !o% 1 “>\ Big Four 6s to 97 1 j Cau. Nor. 6%s 103% 11" . Can. Nor. 7s 110% ilo% Can. Pacific 6s, Mroh. 2, '21...1 (V■" t l<q% 'Cent. Arg. liy. 6s, Feb. '27... 99% id C. ft. O. Gen. 4s 88 88% I G. B. y., 111. 3' s 7s so !G. ft. 11. Neb. 4s 93% 9 % c ft. y .it 6'-s in; 1o 7: . i'hie. A N V . o%s 107 107% Chie. A N. W. 7 s Inti' IoT * 'id. Graph ss 51% .71% Icon. Exp. 8-, Feb. 15. '2; mi'-. 1"2 j I 'mi. I.vp. Bs. |-7-b. 1.7. ”24 12 102% I Foil. Exp. Bs, Feb. 15, 25.... 101 P • - ! Gull. Gas T-. Dee. ’22 I<l% Pd q Cep. Exp. 7-. 1-b. 1.7, '22.... ‘."a , 100 ii'ubau Am. Sugar 8s 103 10le% (‘udnliy is. .1 liy 1.7, ‘23 1" 3-1 i Fed. Sugar 6s. Nov. '-T !*7‘.. >.•- % IMi Pont 7 1 js P l t lof% i l isk Tire 8s P'2' k 102 ft 1 Goodrii :i 7s Apr. - > •.;% 1 - I G...ady ear Ist ”s ’4l 112% 112% t Giiiiii veilr Deb. 8s ’3l 98% 99 j Great Northern "s lon Hist i i.rai.d Trunk 6s P-2% P':; G rand 3 rank 6%s p a , lot % Grand Trunk 1~. I<'9 : , 11u A Gulf ni tw, Jni} . 99- . loo>, IG df nil 7s 1-7- '53 1- % ’ 5-t, Hein/. 7 . De. ;;u l'% lou, i IliM-king Vai. 6 Ml ■ : '2l .... -. 8 i.B'% I I turn ■••• <ni 7M 'a li. -23... 1 •% 1> > i 111. Cent. R.t, 4s .7.7 'I 1 lat. R T. 8., Sept. -'2 78'-- s.) inter Met. 4>-s I‘<% ftl', h • rboro 5s '.9 % •"% ■K. G. Term. Os, N • . 17, '2 ..M"% lo*% K- li\ -Spnngti-Id 8 S . 1". * P'i j K' ' a. < 7q>. 7s, l e'i. '5 ' P . P 5 j L. A N. 7s 'fin'. IDS 108% 1 .aided,• ti:n 7‘. Jan. 29 '"-% !>7 Mex. Pet. 8s 100% 101 Minn.. Si P. A S. S M. u%s .. 1 '2 102 , Natl. Leather 8q N v. 15, -5. 97% 97 , N. V. Central 7-. '3O 106 l 107 I\. Y T-I IP ' 6.-, 'll. P-2 , 1 .:■ * iN. Y. Edison %s 'll 1"0% ft'7 .' ■r. I’ae. i*. I. 4s BU.U 8- ; Nor. Par. C. I. 3.- 61% >2% i Nor l'ae. 6s 108 iO'V : ' i.rtbv . stern ft -il 7 1s pis , I Pan. Aiiot. Pc'. 7s 9i : a i , 10 Penli. 7s" Pm l P>' * ' I'hili|ipll!'3 .7 %s ’il ....P'l 1" ' Procter A G. 7 . Midi. '22.... 9*' 1"' , i i’loeor A G. 7s, M ■!,. TU’-l P 2 IR. .!. Reynolds 6s, Aug. '22. .101% l-l'.s Sr. L.-Sau Fran. P. 1., -ts *'% 6.9 % St. L.-San Fran. Adi. On 73 73% | St. P. U D 3%-. D . 17, 23.. 1"" 1'" - 8- aboard Con. 6 ■%% .) t % I s-.irs Roebuck 7s, o t. 1.7, '22 1 <) 1"' < • Sears Rofbii- k 7-. (o-|. 1.7 '_'s. '".l 39 , i Sine’nir 7t s (, M iy 1.7, 10! 1-1% I Solvny & Gie Bs, Oct, '27... ,P'2 103 ft iitliern Ry. 6s. Mch. '22. ...!■:)% 1 ' Stand. • >il {u.i'.i 7 a Jan. VI. 1-3 % 1"7% ,Bf. (Ml i N.Y ; u. - . M.av. . 1 s , 1 ' . St. (Ml IVi I 7 V " Jan. 2-7 „l. P',7 11 ■ . ; Steel A Tub'" 7 S ■ k 9'' i Is. W. Re'll Tel. 7s. Apr. 25... ft 2 U'-a Swift 7s, Oct. 15. '27 191% 301% swift 7', Aug. 1.7. ’3l 1-2 -7, P 2 4 Texas Cos. 7s. M u. 1, '24 101 101% Tlib water < til '• - I'"2 102 ( Union Tank Car 7s let loit-q U. S. Rubber 7 J is 105% 106% Utah See. C.s, Sept. 15, ’22 Pi- , 9S : Vacuum 011 7s I*'7 loi'-j i Va. Gar Ghern. 7-js 91% |Wi stern El 7s. Apr. '2-7 Pd; r ':'> | Western Union li l s lo'ft. P'- % Westlnghniise 7s, May ’31... .10*’.% lo7_ ! Winchester 7'%s 99 : % 9's'i Wiisou 7%s 95?* 90% Weather The fidlnwing table shown the state of the weather at. 7 a. m., Jan. 19, 1922, as observed by U. S. Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind... 29.69 36 < loudy Atlanta. Ga 39.0-1 58 Rain Amarillo, Texas... 30.32 2 l’M'ldy Bismarck. N. it 30.000 0 Cloudy ! 80. ton. Mass 29.91 34 Cloudy Chicago. 11l 29.82 32 Cloudy Cincinnati, 0hi0... 29.88 10 Cloudy I Cleveland. Ohio 29.71 3.8 Cloudy I Denver, Go] 50.58 8 Clear Dodge City. Kan.. 30.12 2 clear | Helena, Mont 30.38 6 Cloudy I Jacksonville. Fla... 30.18 52 PtUldy : Kansas * itv. M 0... 50.13) 4 PtU’d.v | Louisville, Ky 29.92 14 Cloudy T.ittle Kook, Ark.. 30.02 36 Cloudy Los Angeles, Cal.. 29.90 42 CU'lVfi Mobile. Ala 50.0! 02 Cloudy New Orleans, La.. 29 98 01 PtCldy New York. N. Y.. 2992 40 Cloudy Norfolk, Va 30.02 48 Cloudy Oklahoma City 30.32 ft) Cloudy Omaha. Neb 30.30 1 Clear Philadelphia, 1’a.... 20.90 41 Cloudy Pittsburgh. Pa 39.76 48 Cloudy Portland, Ore 30.02 16 Cloudy Rapid Oity. S. D.. 50.22 4 Clear Roseburg, Ore 30.62 16 Clear San Antonio, Texas 29.92 44 Rain San Franeiseo, Cal. 30.22 52 Clear St. Louis, Mo 50.00 22 Snow St. Paul, Minn 29.98 —6 Clear Tampa, Fla ' 30.16 54 Cloudy Washington, D. C.. 29.90 40 ltaln WEATHER CONDITIONS. Since Wednesday morning precipitation lias oi'enrred over much of the country from tile Mississippi River States northeastward. being in tbe form of rain in tlie southern and eastern anil snow over the northern and western parts of that area. The cold weather in tbe northwest lias pushed rapidly southward oxer the Plains States and tile middle Mississippi Valley. Readings of zero or lower extend as far south as northern I Missouri and thence westward to the ] Pacific States. Warmer weather, how- | cx'or, has overspread western Canada, and has pushed southwest over Montana ! anil North Dakota. J. 11. ABMINGTON, Meteorologist. Weather Bureau. NEW YORK METAL MARKET. j NEW YORK. .Tan. 19.—Copper—Dull: j snot. January. February and March, 12% j rdßic. Lead—Steady: spot, January and February. 4.70ft/4.SOe. Spelter Dull; spot, January and February, [email protected]. NEW YORK HIDES. NEW YORK, .Tan. 19. —With trade fair, hide values ruled firm on the market here today. Native steer hides -sold at lGe per pound and branded steer hides at 15%<v

SWINE PRICES SUSTAIN LOSSES Weakness Only Feature in Trade on Cattle Mart. RANGE OF HOG PRICES. Good Good Good Jan. Mlxea. Heavy. Light. 11. ,B.oo@ 8.33 $7.50(1/1 8.00 sß.2s@> 8.75 12. 8.50@ 5.75 8.00 ig) 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 7.9040 8.25 7.80® 8.00 8.35® 8.G5 15. 8.35® 8.65 B.oo® 8.35 5.65® 9.00 19. B.oo® 8.25 7.75® 8.15 8.25® 8.30 Swine prices continued their irregular treud today in trade on the local live stock axchangc when values suffered declines of 23 cents generally. Receipts were fairly light at 6,300 for the day and both packers and shippers displayed fair demands, but neither would buy at even steady prices. After the first hour of trade, the movement was somewhat more brisk than during the opening hour and at the close of the late forenoon hours, practically all of the receipts had been sold. Packers established the market, with the shippers following the lead. Weakness continued to be the most noticeable feature of the cattle market. Prices were barely s eady at 23 cents lower on practically every grade of cattle, with the exceptions of tanners and cutters, which were steady. Receipts of cattle for the day were fairly light at SOO, but the bulk of the cattle were of die poorer grades. Slowness in cattle trade elsewhere and the bad effect that the weather condition is having upon the meat trade were factors In tho weakness displayed. Calves were 50 cents to $1 higher, with receipts for the day close to lot) and the demands by all shippers with eastern house connections brisk. Sheep and lambs were steady, with receipts light, the quality only fair and the demand good. HOGS. Best light hogs, 150 to ISO lbs. average sS.2s€£ 5.30 Over 300 lbs. 7 7.7 1-70 to 300 lbs. 7.s.7f'i 5.30 Sows 6non/' 6.50 Stags 5.0091. 6.00 Best pigs, under Ito lbs K3o ftoik of sales 8.00(0 $.23 Tops 8.60 —Cattle— Prime eornfed steers, 1,500 to l.mo Ris 0.509/ 7.50 G"|"! to I'll,,;. V Steers, 1.200 to 1 IPs 5.23% 6.25 G Ito choice steers, 1.100 to l lbs 4.50( Good to eh 'in' steers, 1,000 to 1,100 lbs 4.25% 1.70 Common to medium steers, fa to 1,000 IPs 1.00% 125 —Cows and Heifers—■ G .ml to choice heifers 0410% 7 27 Medium heifers 4.iH)% 5 73 Common to medium heifers.. 3. .70% 100 id ! i eh . cows 4481 ./ ) 7,7 I 1 to nn Hum cows l.oiKo 2.50 i ers 1.27% Farmers 7.7% 1270 —Hulls— G and to ih>7 e hotelier hulls 5 70% !50 It P n Pulls AIK-./ 450 Light P.dngim Pulls . . 2.71-0 r 7 . Light to e oilmen bulls 24H1% 2.00 —('.ill,e,— Cl. . , ( ,1s 144 X % I 1.09 (, ~,it veals 12 1% 014 MO Med . - I.igl tW, Igilt v.-sls 5.50 -( 9 '.41 . I'o.uiuou ii h. ;.vy w.-ight veals mo ~ —Stockers and Feeders— Good to choice sti. rs under sun iPs 4 50% 1 7.7 Medium n.ws 2.00% 3.50 (, .1 . . \vs 70 % 42 > Good h olers 5 i■of., 6.5 1 V din ill to good 11. if TS ).'•"% 1.77 Milk. IS 47 Me' I 75440 s-PeCP an 1 I imps— Ewes 100'; 150 ' Ranks 2 50 50 G ... I to chid e lambs ll 1 03 i a,ls 54 e.• pi ( ul ! Itueli latutis r. .70' s.na , Culls 4.00(1. 5.00 Other Livestock Clin AGO, Jau. 19 Hogs Ite-dptß. !.(■► : :...irki t am ive ands: a 1 t•> 1% • , '" ■ - >.2-7; i I. $S0I; heavies. $7.-'' <■: V' ; m . -i: :l%s " •. 7. to ; Ml ' .s Ms. f , 1 6 7 : pi *' 15'I s■ % f i; ; eeipts. 1 t.i‘Hi market sl.av and w- ik. Reel t> Ch an t prln . i- ' 9 75; up-diuni and good, s6.V.(<js; -% -1 and chid $7 >s qti.7.7; . intn ei and ?•-- | dinm. 87 7 % 5.75. Butch, r rJI!!" IP and. is, >:’ s. m .7; cows, .>4 -Pl'.. 5 v 7; bails. 1% 7.75. ' aimers and cutter- t ows und • .f. rs. $2.50'% 4 4o; eaiiucr steers, $4 o. 1; veal . aft...-, $7..70% 10.2.7; f. ed, - steers. 6.pu; stock, r steers. t? I 5.i % 6.74; .tin k.-r cus :tnd h-ifers, $".%.7.2-7. and lam! -R( >< Ipts, 22.188); m irket t. :v to 27 • low r; good to e! olco lamPs. I si 1 •/ i : ( El . : l common la-a 112.7: yearling well.ers. $9.25% 12; ow. , I,Vii7 1’I; .'.ill and ,-0111111":) evv s, $2. 1.7.7; feed " lamps, $10.27% 12.5 *. - CINCINNATI. Jan. 19.—lft.gs—Ro- ! (vipis, 1.930; market, 35 to 50e b..w.-r: (h.avier. $7 509/ - 2.7; mixed. s>. P: llie:iliuiiis_ to'ii s 7,0 ; lights, x ...70 : pi ;s, : roughs. $6; stags, $1.25. Cattle Kei eeipts, 930: market, steady; bulls, slow: |.nlvis, sl2. Sheep and lambs -Receipts. • I'M: market, strong; ewes, $7; chuice lambs, sl3; seconds, $9; culls, S4(<JO. CLEVELAND. Jan. 19 11",% Receipts. 2.700; market, active; jerk rs, s;i; mixed, 8- 7 I'% 5.7.7 : mediums, $5 511; pigs, $9: roughs, $6; stags, $4. Cattle— lt< eeipts 200 market, steady generally. 811 cep and lambs —Receipts, 1.ooo; market, steady; top. $13.50. Calves - Receipts, 250; market, 50e higher: top, sl3. PITTSBURGH, Jan. 19. - Hogs— Receipts, 2,4(81: market, toe higher; prime h.-avies, $Mn 5.25: mediums, ss,9o'%:i; heavy yorkers, $5.90%9; light, yorkers. $8.909/9: pigs. $5.90%9; n.uglis, $6'%.ti.50, stags, SJ..7(Xn4. Cattle Kcqmlpts Jess than 10(1: market, steady. Calves Receipts light; market, steady; veal calves. sl3; h'-avy and thin calves, $7.50%9.50. Sleep and Lambs—Receipts, 300; market, 500 higher; prime wethers $7.7.7'%- ; good mixed $7fq.7.50; fair mixed, $.7.,7m'% 6.0: culls and commons, $2.50% 3.50; choice lambs, $15.75. EAST BUFFALO. Jan. 19.—Hogs-Re-ceipts, 2,400; market, active; yorkers. $9 foil.lo; mixed, $8.1.76/9; heavies, ss.s 6/ 5.6.1; roughs. $0%6..70; stags, $1(%t..70. Cattle —R.Aeipts. 41.); market, slow ; shi;ij.ing steers, $7.2.7'% s 25; butcher grades, s7<bX; lieifei . ssi(/7.50; cows, $2.2 %7.50; loills, $4.50(q:6; feeders, $7%6; milk cows aiul springers, $25(0 1.25. Calves -Receipt*, 2,600; market, active; choice lambs, $13.50% 13.75; cull to fair, ss%l3; yearlings, sß'i/12; sheep, ss(ds. EAST ST. LOUIS, .Tail. 19. —Hogs - Receipts, 15.000: market, slow and 25e lower generally; mixed and butchers, $5% 5,25; good heavies. $7.7.7(0 8; roughs, $.7.7:7% 11.70; lights. $813(583.7: pigs, $7.25 (%8.2-7; bulk of sales, $5%5.2.7. Cattle— Receipts, 2,500: market, steady: native beef .steers, $8%9; yearling sieers and licifers. $7%,5; cows. $3.25%,5.7.7: Stockers and feeders. $1.50%.7,8.7: calves. $2.50% II : canners and cutters, $2.2i'% 1.2,7. Sheep and Lambs—Receipts, 2,000; market, steady to strong, mutton ewes, $5.50(0] 5,75; choice lambs, $8.30% 12.85; canners and choppers, $1(q3.50. CHICAGO PRODUCE. CHICAGO, Jan. 19.—Butter—Receipts, 6.000 tulis: creamery extras. 52%e; firsts, 26%%31e; packing stock, $16% 18c. Eggs 35(p:3Se: ordinary firsts, 32%34c; firsts, 37c: cheeks. 25% 26c ; dirties. 27(% Cheese—Twins, new, 20e; daisies, 20(%> 201, e ; young Americas, 20'. c ; Longhorns. 20’ je: bricks. 17c. Live poultry —Turkeys. 5.7 c : springs, 22(3c; chickens, 24c; roosters. 17e: geese, 17e; ducks. 27c. Potatoes —Receipts, 35 ears: WiSeonsinS, $26/2.20 per 150-lb bag: Idaho Russets, $2.25: Minnesota*,' [email protected]; Red Rivers, $1.85® 1.90. CLEVELAND PKOIHCE. CLEVELAND, Jan. 19.—Butter—Extra, in tubs, 40 c; prints, 40@40(7c; extra firsts. 39c; firsts. 40@40(-jc; seconds, 32ft(.32 I ,c; packing stock, ISSi;2Oc. 1/ggs—-I’’resh gatbered northern extras. 39c: extra firsts. 38c: Ohio firsts, new cases, 37(7c; old eases, ;77e; western fir ts, new eases, 3Cc. Poultry-I/ive heavy fowls, 25% 26c; spring culls, 2fi.'%22c; spring ducks, 286/30e; turkeys, 356/ifie. Potatoes Michigan*, $2.95 per 150-lb. bag; Early Oiiios, $2.10 per 120-lb. bag: sweet potatoes. Jerseys, [email protected] per hamper.

GRAIN VALUES CLOSE HIGHER Cold Wave Causes Shorts to Cover in Final Hour. CHICAGO, Jan. 19.—The cold wave i which liit the wheat belt caused prices to advance on the Chicago Board of, Trade toilnj’. Shorts were frightened at the tem- J pernture drop amj hurried to make purchases to cover up their probable losses.! Provisions were higher. May wheat opened nt $1.12%, up %e, and closed 2%c higher. July wheat opened at sl.Ol, (4s higher, and was l%c higher at the close. May corn opened at 53(40, unchanged, and closed tip (7c. July corn opened at 55c, up (6c, and was (7c higher at the close. May oats opened up (Je at 38%c and closed nn additional %c. higher. July oats opened at 39(7c, up (sc, and closed up %e. (By Thomson & McKinnon.) —Jan. 19. Wheat—Estimates rather than facts have been instrumental in the wheat market today. The department of agriculture expects Europcs requirements will exceed last year while local unofficial authorities estimate reserves on farms considerably smaller than a j'ear ago. These estimates have been the important factor in shaping priees, although a /old wave in the Southwest has also helped. The tone of foreign cables is generally firm, holders, especially of ' Argentine wheat showing more assur |ance because of the good business which I lias done recently. Estimates of the j amount of Manitoba wiieat sold during 1 i lie past two or three days ran as high %is 6,(.8)0,000 bushels, hut some exporters %it seaboard previously credited with .doing a good business are sending denials. The Winnipeg market has shown |no particular strength, advices from there say that there is no important inlying. On the contrary, elevators and cash handlers appear to have hedging j sales against purchasers from the couui try. The market has broken away from the routin-’, dullness and. while In posi- [ iion to make some further response to I each item of news as it was received I today at the same time, will very soon ; need a better demand from abroad titan i now exists to maintain values. CORN AND OATS—F Foreign buyers for corn are again considerably inter- > sted and bids are reported relatively i bi-'hi r. The Argentine surplus of old | corn is 1. coming exhausted, it is argued ! from this that the continental demand will tarn to North America. This market w uilil be in a v. ry strong position if it w.-rc not f..r the enormous movement from th ■ country to terminal markets. Primary receipts so far this week total over ind io.oisi bushels. Private estimates of ..Us reserves showing a total much smaller than previous years prompted good chai ictcr of iriv -stinent demand although this sort of having was not general. The distribution demand especially from the south, should develope of sufficient size to reduce the visible accumulation. In any such event, the small r> tvs in tin- country will become -'rong factor in the situation. PROVISIONS The mov.-ii:."' of hog? to principal markets, ret being sufficiently large to permit tiding warehouses wgh product and cash trade being good pp-vi'-as —4’ r,- . : pr .diK-r have been principal buyers in todays market. Receipt sos h -s will have to improve materially if th- s;r.i:g position new existing in products is to be changed. < lilt AGO GRAIN T MILK. —Jan. 19 - WIliiXT - Open. High. Low. Close. Ma .... J 12-, 1.11% 1.12"* 1148, ; Jitiv..., J.t/l )4C"‘ V 1.01 1.024; I I'(RN - M v 531, .7.4% .53(4 .5.4(4 J nix ... .5.7 .•• ...c, .55(5 OATS - .Tax >% .'l'.' 1 1 .TI y, Jniv. ... .s!*c , .39’.. .39 s J'oRK •J :. i 16.1 ) LAUD Jan 9.10 9 4.7 9.5 9.42 Mlav 9 72 Kit..- - •M.y:::: ::::: ::::: ::::: kw !RV E - I 4.0 SS .Sot.; .S3'; .871Mu.'y 78!* • Nominal. < IIIUAI.O CASH <,RAIN. i'll ICAtJt', Jan. 19. Wheat— No. 2 1 r'hern spring dark, $1.41. Fun —No. 2 n..\ed. 49 , N... 2 white. 49% 49 N... _' j tow, it'V. !9' •<;; No 4 mixed, I s /, \o. XX tilt , tsii.'lSCc; N'o. 4 ;• c!lt*u, 17' .li , • i its N.. 2 white. 37'g white, 34(4 No. 4 lit , .- TOLEDO t.RMN I RK ES, TOLKDt). Jan! 19. -Wheat Cash. $1 2.".’ _■% 1.2.7; Max. $127%: July. s!.'%. ■i 1 t i > *;, sj ! _. % 7'. 1 -c. Oats- Cash. 4% ; %.42c. Rye Uasli, B''.'. Barley— Cash, 63c. PRIMARY MARKETS (By Thomson & McKinnon.) —Jan. 19 Receipts—- \\ h-at. Corn. Cats. St. ,T .seph ... 13.000 126.000 6.000 I'!,; , .... 2% 00 1. 11.18 HI IJ'.lalO Ml!w ■ ik • . .. l.otto li.l.i'M) 51.1810 Mi: t.eap.dis 317.■ •) v ; ihh 41.000 1 mi In 11 33.000 ' - 7 188/ 8:, 1.. uls 61440 ) 178.000 112J88I T.ibnl.) 10.000 41,000 8 oth) Detroit .7,000 5,000 10.000 K ills.lS city . 181.000 .86.18 81 1048 k) I'eor: i 6.(88) 128.1X10 50,(8hl 'Omaha It IHO 109,000 e!.<88) Indianapolis . 3,000 34,000 42.000 Totals 662.000 2.373.0(H) 522.000 Year ago . .l-'IS.OOO 1.813,(8.8) 497,000 —Shipments— Wh-at. Corn. Oats. St. Joseph ... 10,090 46.000 0,000 Chicago 11600 312.000 115.000 : Milwaukee ... 3.600 80,000 37.000 Minneapolis .. 126.000 64,000 56,000 Duluth 41.000 st. famis 75,000 112588) 96.000 Tnled 18.000 20.000 2,000 ! letroit 9.(881 Kansas City. 103.000 2.(88 ) 9,0(81 lVoria 1,000 88,000 32.000 Omaha 97.(88) 176.000 34.(88) Indianapolis .. 1.000 25,000 42.000 Ti tals 489,000 982,000 459,000 5 car ago .. 720,000 891.000 446,000 —Clearances Wheat. Corn. Oats. New Y-.rk .. 40.(810 Philadelphia . 70,000 ,86.000 Itahimore .... 24,000 26.000 New Orleans . 48.000 588.000 Totals 182,000 986,000 Year ago .. 303,000 236,000 INDIANAPOLIS CASH GRAIN. —Jan. 19Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—No. 2 rod, $1 256/1.27. Corn—Firm; No. 3 white. 49Gi 50’ 7c : No 4 white, 48f% ; No. ."> yellow. 49 (a 70c: No. 4 yellow, 48M4S%e; No. 3 mixed. 45%19’7c: No. 4 mixed, 47@48';c. Oats—Firm: No. 2 white, 37(4@39c; No. wliite, 36f(/37'/ji'. Ilav—Steady: No. 1 timothy, $17,506]! 18; No. 2 timothy, $176/17.50; No. 1 light clover mixed, $16.50ft),17; No. 1 clover, $ 196/20. -—lnspections Corn—No. .'! white, 7 cars; No. 4 white, 7 cars; No. 5 white, 0 ears; N'o. 3 yellow, 8 cars; No. 4 yellow, 9 cars; No. 5 yellow, 7 cars; No. 6 yellow, 6 cars: sample yellow,. 2 cars; No. 2 mixed, 1 car; No. 3 mixed, fi cars; No.'4 mixed, 1 car; total, 57 cars. Oats—No. 2 white, 2 cars; No. 3 white, 12 cars; No. 4 white, 3 cars; total, 17 cars. Hay No. 1 timothy, 1 car. HAY MARKET. The following are the Indianapolis prices tor hay by the wagon load, delivered : Hay-Loose timothy, $16.00(017; mixed hay. $15(016; baled hay, $17:01$. Outs —Bushel, new, per bushtl, 32:335c. Corn —Old, per bushel. 54<g00c. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today were' paying $1.14 per Lushed for No. l red winter wheat; $1.12 tor 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. TOLEDO SEED PRICES. TOLEDO, Jan. 79.—Cloverseed—Cash.! $13.95; January, sl3 95; February, sl4: March. $13.95; April. $12.80. Alsike—Cash, $11.70; February. $11.75; March, $11.85. Timothy—Cash, $3.35; January, $3.30; February, $3.30; March, $3.35 sellers.

j i Local Stock Exchange 1 —Jan. 19— STOCKS. Bid. Ask. Ind. Ry. it Light com 60 Ind. liy. & Light pfd 75 Indpls. & S. E. pfd 60 Indpis. & N. W. pfd 60 Indpls. St. Ity 40 45 T. H., T. &E. pfd 63% ••• T. H„ T. A E. com 4 T. H.. I. & K. pfd 10 U. T. of Ind. com 1 TJ. T. of Ind. Ist pfd 7 U. T. of Inil. 2d pfd 2 Advanee-Rumely com. Advance-Itumely pfd Am. Creosoting pfd 92% ... Am. Central Life 175 Belt li. It. com 60 71 •Belt It. R. pfd 47(7 ... Century Bldg. Cos. pfd 93 Citizens Gas Cos 25'7 27(7 Dodge Mfg. Cos. pfd 88 •Ilouie Brewing 44 Ind. Hotel com 65 •Ind. Hotel pfd 97(4 ... Indpls. Nat. Ins. Cos 5% ... Ind. Title Guarantee Cos 4.7 Indiana Pipe Lines $6 91 Indpls. Abattoir pfd 41 >; ... •Indpls. Gas 45 49 Indpls. Tel. com 2 Indpls. Tel. pfd.. 90 .■_ ■ Mer. l’uli. Util, pfd 48(7 53'7 Nat. Motor Car Cos 1 3 I'uli. Sav. Ins. Cos 41; ... Kntlh For. pfd 45 1 - ... Stand. Oil of Indiana $6 :i * 87 q Sterling Fire I us. Cos 7 8 Van Camp Hdw. pfd ion Van Camp Packing pfd ion Van Camp Prod. !>t pfd 1*8) Van Camp I’rod. 2d pfd 1*8) Vandalia Coal Cos. com - s‘s Yandaila Coal Cos. pfd 5% 9 Wabash liy. pfd 19 23 BONDS. Broad Ripple 5s 60 65 Citizens St. Ry. 5s 2 73 Indian Crk. Coal and Mine 1'") Ind. * 3k>* iV Gas 5s 86 Indpls. C. .t S. 5s 91 Indpls. A Martinsville 5s oi Indpls. it North. 5s 36 41 ii%!l>ls. it N. W. 5s 49 54 Inilpls. A- 8. E. ss. L* Indpls., Shelby. & S. L. 55.. *• Indpls. St. Ity. 5s 58 63 Indpls. T. 8 T. 5s (6% ... T. H., I. A E 5s 50 ... U. T. of Ind. 5s 4% -)0 Citizens Gas 5s 83 Indianapolis Gas Cos 82 Kokomo. M. A W. 5s 83 Ind. Hotel Cos. 2d 5s 9% ... Indpls. L. .7 H 5s 85 9" Indpls. Water Cos. 5s 92', 9% Indiils Water Cos 4’„s >' s.> Mer. Tel. Ist 6s 96 7 99U New Tel. Ist 6s 97 New Tel. L. D. 5s 94 S„u. linl. l'ow. r 5s ss'a •Ex dividend. In the Cotton Market NEW YORK. Jan. 19.—The cotton market opened quiet today with the tone steadier than had been expected considering the weakness r- perted at Liverpool. L ally, there were purchases by Llverp el and Japanese interests. opening pri.s s here w re 6 points higher on De emlier and 6 to 11 points lower mi other m-iiths. Later the active list ~,11 u i H ,ut 17 points under xes' rdays i-l->s?-., reti.s-ting pressure from l-wal operators. spot houses and southern w.re concerns . \..w York op-mug cotton prices. Janvo’rv 17.5.7 e; March. 17 (V : May. 17 17c: .1 uly. 16.73 : August. 16.60 c bid; October, 10.bv; December, 16.50 c. l ii" mark, l v.as qu’et but steady m tti ; lai. dealings, closing at a net advance ol 2 to IS points. —Cotton Futures Open High I.oxv Close January 17.72 1..%> D.*d D-12 March K' " 1 • >7 Jl' 4 ' M,v 17 17 17 52 17.10 1.41 jufv 16.7:: 17.07 16*15 16%; i )•-.*.l.er 16.18 16.4.7 1I..1I) H DeeemlrtT 16.05 16 25 16.05 16.16 —Cotton Review— NEW YROK. Jan. 19.- Since it is impossible to find anything Interesting in trade conditio::* upon which to base a market no.ve, the in xt best thing is t-> er-at. a little interest cn statistics and Hits ts being aided by conflicting guesses on tli > coming ginning report. A t w days ago the ginniga were re-t.,-r t■ and as very large but now they are reported as very small and on this letter rciiior we had some short covering today, giving the market a little strength but with no material increase in commission house business. We are still unable to see anything more than a fluctuating market and no basis f* r u firm position on cither side. INDIANAPOLIS PRODUCE. Eggs—Loss off, 27%,30c. Butter—Patking stock, 15617 c. Poultry—Fowls. ic<3 23c; springs. 19623 c; cocks, 11612 c; Stags, 13615 c: capons. 7 lbs. and up, 33e; capons, under 7 lbs , 2ue: capon slips, 7 lbs and up. 27c: capon slips, under 7 lbs., 03. young lien turKs, $ ll>s. anil up, 39c; young tom t irks, 12 !bs. and up. old tom turks, 3lfa32c': cull thin utrkevs not wanted din ks. 4 lbs. and up, 16% Rip; geese. 10 lbs and up. 14n 16c; squabs ll ! lbs to dozen, $5; young guineas, 2 In. size per and >z., $767.50; old guineas, per iloz.,' $363.50. Butter—Local dealers are paying 366 87c per lb. for butter delivered la Indianapolis. Butter Fat —I.ocal dealers are paying 32c per lb. for butter fat delivered ia ladianupolis. Americans Get Oil Terms From Mexico MEXICO CITY, Jan.* 19.—American oil companies doing business with Mexico have reached a definite agreement with the government regarding petroleum 5 toduolion, it was stated today. It will supplant the temporary settlement reached last summer. The terms have not been made public, but It Is understood that the next payment of taxes by the Americans will be reduced in size. A proposal that payment bo made in Mexican government bonds was rejected. * - " . .... j STOCKS of PROMISE To those seeking to conservatively benefit their financial position, the future of , CALIFORNIA PETROLEUM WESTINGHOUSE UNION PACIEIC TEXAS CO. Offers opportunities which | should not be disregarded. | Specially prepared articles on || these stocks appear in our CURRENT MARKET REVIEW Write for NT-S3 S E M FULLER SCO E3 TA BLI3HED Members Consdktated Stock Exchange at Sen? YbrK 50 Broad St. - New York r CHICAGO - PTTTSBURC r* I nn >** ro * { SSSKSHES!!

I BUY METRO. 5-50 CENT NEWTGN AND STORES STOCK SELL See Curb Market 415 LEMCKE BLD3-

EUROPE TO PAY MILLIONS FOR GRAIN American Farmers Will Receive $100,000,000, Assert U. S. Experts. WASHINGTON, Jan. 19.—American farmers will pocket in excess of SIOO,000,000 in cash from grain pur- hases 1 .vhleli Europe will make in the l nned States to supply her population until the next harvest, government experts c-ti-mated today. Europe's foodstuffs sift/plies are alarmingly low. Essential grains, such as wheat and corn, as well as some other foodsjuffs, have dwindled to the danger point, according to official reports. N< \v demands will be made upon American producers to supply the * nited Kingdom, France, Itau, Cxeoho-Slo-vakii, Germany and Austria and possibly other countries. Large export movements of grain already are reported bound overseas and adviee S to the Commerce and Agriculture Departments indicate that a steady flow es wheat and corn and other foodstuffs is likely to continue until the harvests abroad assure foreign populations of penty f%r their needs. Europe's demands for breadstuff, including leading grains, will alone run probably as high as 75.000.090 bushels. Th'n ia addition, meats and other stuffs will be needed in large quantities. Reports to Secretary Wallace said In Germany drought damaged pastures so seriously that live sio.-k owners sold their cattle iii large lots, thus depb .mg the aval able meat supply for another season. Another result was to depress the meat markets. Koumania, a great grain stor -house, has only an exportable surplus of 309,0 M ton-', so that source cannot be tapped. America will be relied on to supply the food deficiency. BANKER SEEKS NOMINATION John L. Duvall Wishes Office of County Treasurer. i John L. Duvall, 6276 College avenue, 1 president of the Marion County State i bank, vice-president of the Citizens Sta*i bank of HaughvilD. and well known for 1 many years in Indianapolis financial cir--1! -s has (• •. • ! his candidacy for the Republican nomination for County treasurer. Mr. Duvall, who was born in Mackinaw, ill., came t" this city in 19'*2. following li - gradtia ion from the Chicago Law school, an.l has lived here ever After practi ing law for several years he became inter, s'ext in th- banking business and finally gave up his law practice and devoted his entire time to his banking Interests He organized the HaughIville bank, in 1909; the first suburban bark in Indianapolis, and later took par' in the organization of the North- > western State bank, the East Tenth Street Sfit" bank, and th" Marion County State bank. He wa Instrumental la Introducing , the first Christmas savings club in this city. He is a member of the Marion (Tub, Veritas Lodge, F. A. M.. Hoosier Square a.-d Compass Club, Lodge No. 13, B. I*. O. E., Moose Lodge and the Chamber of Commerce. Mr. Duvall never has held public | office. SAFE BROKEN OPEN. r of the ft. !t Automobile Company. 22 1 North Pennsylvania street, last night anil 1 poneil the door of the safe, then broke t an inner b..x and obtained $lO in ca~h land a cluster diamond ring valued at *7;-,.

Safety Profit Service We offer the unsold portion of it $150,000 issue of 7 PER CENT Preferred, Participating Stock in a Dividend Paying (Corporation of established reputation, earning power and assured future growth. Mail ihe attached coupon TODAY to THE BAKERSHOOK CO. 205 Odd Fellow Building, Indianapolis, Ind. Or Telephone MA in 3384. Indiana Securities Commission—Dealers’ License 146, Issuers’ License 287. I am Interested in your offer of 7 per cent preferred, participating stock in a dividendpaying corporation and will be pleased to go further into the matter with you. Name Adress ............... Telephone