Indianapolis Times, Volume 34, Number 218, Indianapolis, Marion County, 21 January 1922 — Page 13

DOGS. POULTRY, PiGEONS, ETC. ARE you interested In digs? Send 25 cents (stamps or csin) for three months' subs, riptlon to Sportsman's Digest. Contains interesting, illustrated stories on dogs, hunting. fishing, etc. SPORTSMAN'S DICK ST. 67 .Butler Bldg., Cincinnati, Ohio. WANTED—Every poultry and rabbit fancier to send for free premium list of poultry show entries. Close Jan. 23. THEO HEWES, secretary, 25 West Washington street. Phone Webster 2701, HOMES wanted for n. aith) homeless dogs. INDIANAPOLIS HUMA N’E SOCIETY. City dog pound *24 E N V Main 0X73. A FEW choke pedigreed New Zealand docs and bucks at a bargain. 1026 Dearborn st. Phone Webster*2lo2. - _ ™ "notice of bond sale* Notice is hereby given by the undersigned, treasurer of Swdtzeriand County. State of Indiana, that on and after the hour of 10 a. m., on the 6th day of February, 1922, at the oltice of said treasurer, inutile courthouse at the city of \e- i vay, Indiana, the undersigned as treasurer of said county, will proceed to* sell to the highest and best bidder for cash, at not less than the principal sum named in such bonds, certain highway improvement : bonds of till face or par value of'JIS.OOO. bearing interest from and after Jan. 16. 1922, at tl.e rate of ss, per annum, payable semi-annually, on the 15th day of May and the 13th day of November of each , year, for the period of ten years. Said bonds have been issued in strict , compliance with th> laws of the State of Indiana and pursuant to an order of Die Board of Commissioners of Switzerland (Vun vj authorizing the issue and sale of said bonds for the purpose of providing funds for the construction and improve- • ment of a certain highway, petitioned for , by H. 7.1. Brindley et al in Craig: township, said county, Indiana. Said bonds will be forty in number, dated Jan. 16. 1??2, of $450 each. The first tw > bonds will be due and payable May 15, 1923. rnw two bonds each six months thereafter until all of said bonds have been paid. | The rfiHit is reserved to reject any and E. It. FERGUSON. Treasurer of Switzerland uttfc Indiana. __ -; —, -; ~ p ~fj, ,XD S? A LE. Notice, is hereby given by the under-signed,-^treasurer of Switzerland County. State of Indiana, that on and after the hour of 10 a. m., on the 6th day of February, 1922. at the oitice of said treasurer in the courthouse at the city of Vevav, Indiana, the undersigned as treasurer ; of said county, will proceed to sell to the highest and best bidder for Hash, at not _ sum .named Sbonds, certain highway Improvement W - bearing interest from and after Jan. lt>, ; 1922, at the rate of 5% per annum, pay- ; able semi-anmia!!v. on the 15th day of May i and the 15th day of November of each year, for the period of ten years. Said bonds have been issued in strict | compliance with the laws of the State of Indiana and pursuant to an order the Board of Commissioners of Switzerland County, authorizing the issue •and sale of , said bonds for the purpose of providing ; funds for the construction. and Improvement of a certain highway, petitioned for by James F„ H.tmbrlck et a’... In Posey , township, said county,' Indiana. Said bonds will be- forty In number, dated Jan. 16 1922. of 1310 each. / The first two bonds will be due ami payable May 15, 1923, and two bonds each six* months thereafter until all of said j bonds have been paid. i The right is reservji to reject any and ; all bids. E. R. FERGUSON. Treasurer, of Switz*Hand County. Indiana, ~7n*3ttce of bond sle. Notice is hereby given by undersigned. trt ' surer <>f ‘*ji fcuuntj. State of Indiana, that on and-- after the hour of 3 0 a. in., on the 6th day vs February 3922. at the office of said treasurer ir. the courthouse at the city of Vevav,’lndiana, the undersigned as treasurer of "-'.'lid coti”ty will proceed to sell to the highest and best bidder for cash, at not -,... ,t, a : principal sum named in sun V bonds of the face or par value of $26,600, bearing interest from and alter Jan. 16, 3 922. at the rate ot s'v per annum, payaide semi-annually, on the 15th day of May and the 15th day <>f_ November of each year, for the period of t< n years. Said bonds have been issued In st.lct compliance with th laws of trw t- ate of Indiana and pursuant to an order ot in - Board of Commissioners of Switzerland County, authorizing tl.e is-ue and sale ot said bo i for the urp< - ■ r Vpr 'vldlng kf un ,p f, •. - *!i id tnpi | \- n ’. s at t':f: t ,".. :r, -■ . a. ty, Indiana. S; .1 bond *wi 1 be forty in number, dated Jan. 16. 1922 off ,65 each. The first two 'muds " il! due and payable M-v I*s 132- and two bonds* each six'" months there' ft'T until all of said bonds h tv*' been s * . T:.<- riijht is to rejectTany |.na F R. FERGUSON. Treasurer of Sivit ■ ■ nd Count I n, , - o. . o f i The -r Os Mon- '• .’rn', ; ndhmi*Jsaid' l estaie Is supposed_ W i.e !v '" UUY s a^OY. F j NANC |A L^

LOANS On furniture pianos, autos, live stock, farm implements and . ther collateral. CAPITOL LOAN CO. 141 H S Washington St. Main 0585 Auto Lincoln 718s WE MAKE first and second mortgages on Improved farms and Indianapolis real estate. AETNA MORTGAGE AND INVESfr'T CO. 508 Fidelity Trust bldg. FIRST and second mortgage- on Indiana and Indianapolis real estate R B WILSON. I rta N Delaware st. Main 1818. EYEBROW FAD WAS FASHION IN > ANCIENT CHINA By EDNA IFF BOOKER. SHANGHAI, Jan. 21. “Eyebrows shaped like leaves of willows Drooping over Autumn billows. Almond shaped of liquid brightness Were the eyes of Yang Kuei-fei.’’ - Did the American and French girls receive the idea for plucking their eyebrows from the dainty little Chinese maid of long ago? The plucked eyebrow had been . preached against, scoffed at and criticis'd. but the TfJi Cappers have smiled complacently and gone on wearing the slim brows “shaped like leaves of willows." A translation of an ancient Chinesepoem described the heroine of the ballad as having hi;: -kened eyebrows arched ‘to resemble n nascent _ willow leaf or a moon Just born. Today the beautiful little sing song ■girls. In their gayly-colored brocaded satin coats and trousers, their huge diamond rings and pearl, jade and diamond hair ornaments, are following the custom of years ago and plucking their eyebrows. Before Columbus discovered America —if the Chinese poetry •of that day is true —the Chinese belles mere “dpihg their eyebrows.” At a Chinese w*>dding we attended re- ■ entl.v a number of pretty little singsong girls, like a bevy of gayly-painted butterflies," came into the room where the foreign and Chinese guest* were enI joying a sumptuous Chinese banquet Th* girls, ar happy little things who laugh and chat together, talk shyly to the men who speak Chinese, sing lyrics in high, shrill voices and even s!t down at the various tables when'invited and play the popular Chinese finger games, which are romrne ii taut at feasts. One dainty sing-song girl at our table carried a vanity bag. and during a lull In the merriment she took out her powder puff, lip stick and rouge box from an imported American vanity bag. It was fascinating to natch her !’n conscious of her surroundings, she concentrated all her thoughts upon beautifying her face. Af"V applying the lip sti-k. rouge and powder to her satisfaction she examined her delicately-arched eyebrows, which would have brought envy to many oi her American sisters, and then plucked two or three hairs with tiny silver tweezers in order to make them even finer.

MERGER TALK FAVORABLE TO SPECULATION Market Outruns Investmeht Limits With Sales of 1,200,000 Shares. STEELS LEAD MOVEMENT Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Jan. 21.—Speculative activity was pronounced in the market, with sales approximating 1,200,000 shares. Operations apparently have outrun investment limits, and for the day, at least, parsed beyond the control of the professional element. The spectacular performance of Gulf States Steel,, which advanced 10 points Thursday and broke 20 points from its high level yesterday, merely serves to illustrate the character of trading at present. That the sensational rise in this stock spread to other members of the steel group is merely an incident. The probal/ly would have developed anyway through a different medium. The growing ease and abundance of money was bound sooner or later to be reflected In speculative undertakings. The talk of mergers permetes the financial atmosphere, and big consolidations initially mean heavy speculation. Tile, buying movement was featured prominently by the steels, sugars amd a few specialties. The steel shares were not particularly disturbed by the cedlap.se in Guif Stales Steel or the erratic performance of Replogle. Before the end of the day steel common advanced 3 points to the high level of 88. It is a rather striking tribute to a the technical position of this stock ‘that the recorded sales on which the advance was achieved were 5,000 shares less than those In Vanadium. The short interest in the steels must be large, for the Street generally has not believed that the position of the industry Justified an advance. Amony the strong specialties were, cast Iron Ripe Preferred, Iron Products, Woolworth, Worthington Pump, Sloss Sheffield i International Motors, American Brake, Shoe Foundry and Electric Storage Battery, American Sugar led the stocks in this group. This week’s Federal Reserve statement records a gain of 1.3 per cent to the new high level of 70 j*er cent. Heavy reductions in rediscounts and note circulation are chiefly responsible for the gain. —Copyright, 1322, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. The sensational advance in Guif States Steel Thursday served according to reports of commission houses yesterday, to stimulate the public- speculative imagination. Bringing to|tbe fore the much dia- - Ussed merger* of Independent steel companies the effect at the opeuihg of the market was spectacular. The greatest advance was shown by Kepiogle Steel, which, on the opening sale, scored an advance nearly Id pg.nts over uight.

Professional Wall street has paid little attention to the report that Henry Ford was to'aequire Gulf States Steel at s2'>o per share. The general public, howe*er, took the report in all seriousness. This was proved when a large commission house sent over its wires a message 'looting Henry Ford as saying tout he posiuvely Would not consider any investment in the property. .V tremendous volume of stock was poured into the market, and the price declined from 90% to 70% ,-v- u more rapidly than it advanced Thursday, its fluctuations througuout the remainder at ■.lie - ... a were erratic,- but tin was near the low of the day. That a meeting of the iron and s' Ad institute would be held here was sufficient reason f<-r tie circulation of many reports of meetings no be held during tin- day at which plans would be perfected for tlie proposed mergers of steel companies. The advance in, lteplogie •Steei was based specifically on a rumor that the directors of tills company would hold a formal meeting for ti e purpose of authorizing the transfer of the company to one of the proposed combinations. An offi.-iul denial was issued privately. liep ! _ic. after belling at -11, broke violently to' 33 While the independent steels were weaving their errumie course under the pr.sstire of the waves of buying and selling United States stts-1 fluctuated within a narrow range. After noon when the market had quieted United States r-teel was taken in hand and bid up •.-upidly to -S.s, near I v 2 points alffive the high record of 192* Transactions were on an enormous scale. Floor traders who have been slior of .he stock covered their commitments, bn' other traders sold the st ok short, lighting the advance. The uncovering of stop f*>s orders caused an acceleration of the movement," but this w :,s overcome finally* by profit taking sales. S uthern Railway common was iih4i pressure from tic- opening. One firm sold more than 10,000 shares of stick. The selling was reported to lie for the ae. count of a western estate, although thCj report wYs not confirmed officially, offer-' iugs were taken by brokers who sometimes act for powerful banking interests. of the- features among the sieeialiiea was Electric Storage Battery which on a lArge turnover advanced to 140. This is 14 points above Thursday's low. .The buying was credited to influential firms who specialize more in investment so curities than in speculative issues, and was said to be based upon knowledge of the very favorable showing to be made in the forthcoming annual report. This stock now pays 812 annually, and it is said that the report wiil show this' amount was more than twice earned during last year. There are suggestions ■ 11so of favorable developments to stockholders. On the publication of the reported merger plan for Cuban American Sugar and American -Sugar Refining, both of these stocks advanced vigorously. The former was lak--u in large lots up to 21. an advance of 4 points, where profit .aking brought a reaction. American sugar also was well bought and advanced to anew high for the present movement. The buying was stimulated further by an advance in the price of refined to five cents. A largt? number of special issues scored extensive advam-es.. some reflecting genuine improvement in the industry', and others being largely speculative. In the former class. Martin Parry, Mullins Body, S'romberg Carburetor and other automobile accessory manufacturing companies which ar>- receiving large releases from motor car manufacturers, were prominent Several of these stocks have not par ielpated in the recent advance, and were brought more nearly -in line with other stocks. The oil stocks were distinctly heavy .throughout the morning. Mexican Petroleum declined two points, apparently without support. About noon large buying orders came iirro the market, and this issue ad van -ed rapidly to 115. a gain of nearly 3 points from the morning's quoted low. Pierce Oil which had sold at 9 advanced more than a point at this time, but was offered in large blocks just above If) and receded toward the close. The oil stocks were laboring under the disadvantage of the differences which have arisen between a large operator and a banking firm, as well as the report of the geological survey which was made public. Chandler Motors ■ advanced to a newhigh level at 62 %. Studebaker just equalled its previous high at 9014. Tlmfe ar -a number of calls on Studebaker which expire today, and in usually well informed quarters it was suggested (bat anew more will be Inaugurated in botfi these stocks Monday. It was hinted that further advances Monday should be utilized for profit Hiking.-—Copyright, 1922 by Public Ledger Company. TOLEDO SEEI> PRICES. TOLEDO. Jan. 21.—Clover seed —Cash. 813.90: January. 813.90; February. 814.00 bid; March, $13.9244; April. $13.0*5. Al.yike—Cash, $11.65; February, $11.75 . bid ; March, $11.90. ■ Timothy-Cash, $3.25; January, $3r25; 'February, $3.27%; March, $3.32'%.

Stock Market Review

NEW YORK, .Tn,. 21—With the caption qf soina of the coppers and a number of specialties, the list on the New York Stock Exchange today was somewhat reactionary. This undoubtedly represents profit thking, although another violent break In Gulf States Steel made some rather unfavorable attention to the steel group. In connection with the of the coppers, leading bankers express confidence that a merger in low cost producers, including Kennccott, Chile and Utah, will be brought about later in the year. Right now mining experts are httsilv going over the figures of all these companies. It will be far from an easy task to determine' the price at which these producers will go into a consolidation. Butte and Superior have rondo a good strike of copper ore on one of the lower levels and the belief that an ore body of some proportions will be uncovered has led to buyiug of these shares.

IS/. V. Stock Exchange

(By Thomson & McKltvoon.) -Jan. 21— Prev. High. Low. Close, close, i Allied Chemical 59% • 58% 58% 58% ! I Ajax Rubber... 14% 13% 14 14 ] .Allis Chalmers. 45 .4 1 44 44%: ! Am. Agricul.... 33 31% 32% 32% Am. Beet Sugar 37 5644 36% 36 Am. B. Mag. Cos. 38 37 % 37% 37% Am. Can 34% 34 31 34% Am. 11. &L. pfd 62% 61% 61% 63 Am, Ice 84% ,84 84 84 AmSln. Corp... 41% 40% HO% 41% Am. Linseed 31% 34% 31% 31% j A. Locomotive 106% foo% 106 100% j Am. Smelt. ,Y R. 48 46% 47% 47 /| , Am. Sugar Ref. 67% 05% 66% 07% A. Sums. T. Cos. 35 '34 35 3444 ! Am. Steel Fd . 33% 33% 33% XI% I Am. Tel. Te 1.117%.117% 117% 117% 11 •% Am. Tobacco . .133%’’ 152% 135% 131% Am. Woolen . . 83% 824, 82% 834, LA. Zinc & Lead 14 14 14 11% I Anaconda M Cos. 504 4 49% 50 49% ; Atchison 97% ',%*% 50 49% t j Atchison 97% 97% 97% 97% ■ ! At. Gulf &W. I. 30% 30 30 30 I ! Baldwin Lo. .. 97% 96% 974-4 97% ; iB. & O 34% 34>4 34% 30 | jßeth. Steel'(.B). 60% 59% 59% 61 1 Can. Pac. Ky... 12*% 124% 124% 124% i Cent Leath. ..33 32 32% 32% Chandler Mo. .. 61% 60% 60% 61 |C.M. A St. P... 18% -48% 18% 1944 C M. & Sr. P. p. 32 314 4 31% 32 4* I CM. & North. .. 64% 64% 64 65% !C. R. I.& Par .. 3i% 31% 31% 32% : jCKI&P 6pt.. 7*% 7344 73% CIII & P 7pet.. 86% 86>a 86% Sf.% j i Chili Copper ..IS', 17% 18 17% ' Comp. iV Tab. .. 69% 67 69 - 70 ! j Chino Copper . 28% 27% 28% 2 s 1 4 Coca Cola 44% 45 43% 4 Col. F. & I. . . 2844 27 27 28% Columbia Gas . 08% 68 68 68% - Colum. Graph. . 1-V 1% 1% 1% j Coil. Gas 95% 9340 - 95% 1*5% Con. Can 51 1 , 51 514, 5u% Cosileu Oil .... 35% 34% 34% 3-V-j Corn Prod 99% 9s 14 98% 95% Or'ieibie Steel . 61% iK>% 60% 62% Cuban A. S. ..20 19% 19% UU'i ' Cub. Cane Sug. 10 9% lo 9% Del. A Hud lOS’4 lost, 10.5% ltVv,„ Del. ,A Lack. .113% 115', 113% 114', Erie 9 8% 9 8% Erie Ist pfd 15', 13 13 13%, Famous Players si% 79% 79% 'll, Fisk Rub. Cos. 12% 12%* 12% 12% . Gen. Asphalt... 60 58% 58% 00% Gen. Cigars ... 73 72% 72% Gen. Elec. .. 144% 113% 113% 113% (Gen. Mot K% 8% 8% 8-'% Goodrich 3* l , 37 37 J * it. North, pfd. 7314, 73% 73% 73% , iGulf States Steel 73 64 6 ) 71 % | Houston Oil .... 7574 75% 75', 74. Haskell Barker. 83% s'i S3 S3 I Illinois Central.lol 101 101 I1 ns pic. Copper.. 40% 39% 40% 39% j luvin. Oil 154-4 -14", 154* 15% | tudiaboma 3% 3'- t 344 3% Inter. IJarv 85% 84 4., ,M% %,% Inter. Nickel.... 124, 12*6' 12 r S 12% Inter. Paper.... 50 49 49 50% | island oil A Tr. 2% 2-*, 2% 2% I Kan. Citv 50... 22% 22% ,22 s 22% KellyEpg. Tire.. 37% 37% 37% 57% I Kenneeott Cop.. 30% 28 4, 29% 28% Lacka Steel 49% 48i., 18% 4*% ; I>*g'i Valley.. 49% 49% 49% 59% I. Tire 27'% 27 • . 27% 28'- ! Loews. Inc 15% 151, 1,3% 13 i Lima Loco 95 >5 95 I L A N 113’. 113', 113% 114 I May Stores lo*; 106 10*1 108% Marine pfd 65', 654,, 65% 65% ! Mont Ward ... 14% 'll', I*V Us | Mexican " Pete. 114% 112'4 112% 113% 1 Miami Copti'-r.. .27% /27% 27% 27, i Mid. Sts Oil. . ..12% 12% 12% 12% I Mid. Steel 52% % 31*% 32 1 Missouri Par . 16%. 16% 16% 16% Nat. E. A S. .. 36 35 % 35% 56 ! National Lead .9 >% '.>o 90 91 - 1 Nevada Con. C. 1-5% 15% 15% l->% !N. Y. Air B. .01 % 61% 61% >. . . ;N. Y. Central . 74% 11% cl% 74% 1 New Haven ... 15% 15% JO*a l-*'a Nor. A West. . 99 99 99 ■ North Pac. ... 76% 76'-i 76%' ,7 I Pac. oil 46', 46 46 17 j Pure Oil 35% 5.4% 35% .. . , : Pan. Am. P.-tro. ■%% 42 52’, o 2 i i'enna. Ky 31'i 34' 3!'g 31's j People’s Gas... 69% i 69 69% ! PierrotArruyv... 16% Hi’s 16’ s 164:, : Pierce oil C 0... o% 9% 9% 9% | Pittsburgh Coal 61 Vj 59% 59 % 61 i Pull. Pal. Car.. 112% 112 112 112% ■ Ray Copper 15% 14% 15% 14-% I Reading 75% 72% 73 1 2 75% ' \ Rep. iron A S. 55% .>l% 54% 56Vi lteplogie Steel 34 31* 33 55% I Key. D. of N. V. 51% 51 3% 5J% i Sejirs 11-oebti'-k . ( ’2;% , *2l iflt’f 61 | Sinclair 20% 20',4 20Vi 20% Sl-Sheff s A I. 42% 11 42 tl ; South. Pac .... 81 % 81'-h 81 % >l% South Itv* 17% 17% 17' '' 17% 1 Std. Oil Cal 93>4 '45 95 96% Std Oil. N. J.. .181% 179 179 lsl I Strom < arb.... 4*1% 404.. 40% 11% I Studebaker BS*% 87% 88 89% I Tex Coal A-Oil 25%, 24% 25% 25% | Texas Cos ...40 45% 45’ 2 15% j Tex. A Pac 25% 21% 26% 20 Toh. Products.. 64% 04 64%' 65 Trans. Oil 10 0% 9% 0% Union Oil 19% 19% 19% 19% i Union I'acifi''. • 120% 12 5 % 12- % I l ilt. Ret. Stores 53% 54% .Ve 56 i U.S.F. P. Corp. 7*4 .*S 74s 7% I United Fruit C0.1'28% l-_-s 128% 126% 'United Drug .... 71* • 70%. 71, 70% . r.S.ln.lim. A lew. bit, 42% 12% l't-% ;U. s. Rubber.... 55% 55 55 55%: lit S. Steel sT'i, 86 80 87 1 11. S. Steel pfd..117% 117% 117% 117-'% Utah Copper 05% 60% 64% 6! | Van. Steel 35% 334, '2-1 55% 1 Vlr. Car. Client.. 27% 27% 27% 2!>% Wabash Ift pfd. 20 19% 19% 20 White Oil 9 !) 9 Westinghouse.. 51% 51% 51% 51% White Motors .. 39% 38% 38% 39 WHlvs-Overland 5% 5% 5% 5% \V;%Wa Cos. .. 32% 32% 32% 31% Worth. Pump. .. 47% 47’4 17% ‘4B j Woolworfh ... 148% 118% 148% 148

NEW YORK EYIBKKTY BONDS —Jan. 21 Prev. High. Low. Close. Close. L. B. 3'/jS, 97.02 96.74 96.80, ilT.cs L. B. Is) Is 97.n0 i L. B. 2nd. -Is <i,92 97.30 !.. B. Ist -His. . 97.90 97.30 97.00 97.9 ’ I L B. 2nd 4%5. . 97.36 9f.10 97.30 97.31 L. B 3rd 4145. . 97.90 97.78 97.80 97.9 IT. B. 4th 1 Via. . 97.32 97.78 97.36 97.42 Victory 3% >. . .1(8) 20 too.is lOn.lß uni.is Victory i%s. ..100.20 100.16 100.16 100.18 CfHCAGO STOCKS. (By Thomson & McKinnon.) —Jan. 21— / Open. High. Low. Close. Ar. & Cos. pfd.. 93% 94 93% 94 Armour Leather 12% C. C. & C. R. pfd. 6 C. E. Kys. pfd..134 Com. Edison ..114% Deere A Cos. pfd. 61 Earl Motors ... 3>4 4 3% 3% Libby.McNeill . 5% Mont. Ward. ..14 National L -% Pick k Cos 21 Piggly W. “A” 34 Reo Motors ... 18% * .... Stewart War. .27 27% 27 27% Swift /& Cos. ...10;)V* 10014 Swift Inti 21% 21% 2J% 21% U. C. & Carbon 46% 46% 15% 45% Wahl 62 62 61% 62 MOTOR SEC ERA TIES. (Bv Thomson & McKinnon.) —Jan. 21. —Closing— Bid Ask Earl Motors 3% 3% 1 P:i%liril com 6% 7 1 I Packard pfd 66 68 ! Pecrh 37 39 1 'ontinent.il Mot. com 6 6% 'Vcitincntal Mot. ;.td S3 '-7 Hupp I<U • • 13% 14% llupp i fd 90 i Reo Motor Car 1814 18% Elgin Motors lVa i Grant Motors 1 1% Ford of Canada 260 2(25 National Motors 1% 3 i Federal Truck 14 16 Paige Motors 13 14 Republic Truck. 7Va 8

INDIANA DAILY TIMES, SATURDAY, JANUARY 21, 1922.

STOCK MARKET TONE IRREGULAR Seven Point Loss Sustained by Gulf States Steel. NF.W I'OHK, Jan. 21.—The stock market closed irregular todSy. Gulf States Steel closed at the lof of 64, a net loss of 7*% points. Copper snares were strong features, Ixennecot selling, up to 30, Anaconda to 50 and Chile Copper ?tx ve 18. Steal Common yielded 1 point to 86, and Baldwin Locomotive, after'falling to 86%, j came back to 87%. Studebaker reacted nearly a point to | 87%. Martin-Parry rose 4 points to 32%. J Oil shares were lower. Government bonds were unchanged and railway and other boutls irregular. Total stocks sales for the day were! 529,200 shares; bonds, $9,782,060. Total: sales stocks for the week' were 4,845,100 j shares; $87,749,000. (By Thomson & McKinnon.) Jan. 21— It has been distinctly a profit taking day in the stock market. It was, timely I and entirely consistent with the charac- I ter as well as the future plans for the j market. We have had more than a week of contiguous advances, culminating with j a session during which well over n : million shares were recorded, which j meant that a big -change had occurred in ] the technical position, increasing the, long account and a reduction in the short 1 account. There will come a time when these big days will be less of a novelty, but sor 1 the present, in tite initial stage of a risjj ing market, those big days usually markr a temporary culmination. The reaction today, however, was not' serious and was followed by an inereas- i ing number of buying orders through j commission houses, indicating a growing j public interest iu geourtties. Avery fa ! voruble dcvelopmtmt was the demand for j copper shares. Activity in the securities representing/! basic commodities is always an encourag ing factor, as It means confidence iu the j future of general t urines*. We can See no reasou tor any change of opinion here. H is only necessary to! move along with conservatism, taking ad j vantage of the strong markets to uceept profits on at least a portion of a .line and always being prepared to fake advantage of the substantial reactions. We expect continued improvement, : marked with frequent periods of lr/eg- ; ularity. _ TWENTY STO< K 8 AVERAGE. NEW YORK. Jan. 21—Federal Reserve Bank credit balance. s42.2tHi,o"oex changes, $898,800,000; balances $63,800,600. j CLEARING HOUSE STATEMENT. NEW YORK. Jan. 21—Federal lleaerve Bank credit*, yesterday were $44,400.000: exchanges, $'144,600,000; balances, S6O 200,000. Money and Exchange Indianapolis bank clearings Saturday were $2,133,000 an.l for the week ending Saturday $15.142'*00 Uynk debits Sit-: urduy were $4,302,000 and for the week ending Saturday. $50,516 000. NEW YORK, Jan 21 The foreign, exchange market showed moderate weak ness at th" opening today. Demand sterling was 4 4 ,■ lower at $4.26% Francs showed a slight decline a' s.koc for cabb s and 8.t>0%0 for - hecks Lire cable* were 4 36; cheeks, 4 35%'•_ Belgian franc cable* were 7 77: check*. 76 2* Mirks were .00608. Guilder cab'es were 30.40; checks, 36.35 c,

NEW YORK BANK STATEMENT. NEW YORK, Jan. 21.—Averages: j Licltis, decreased. $5.457.<**; demand de posits, decreased, $26,070,000; time de posit*, di Id-reused. $4,620,000; reserve, decreased, #15,0K1,430. Actual: Loan* *fjc oreas. * $.52.5*11,600; demand deposits, de creased. $5,6.121.000 time deposits, de creased) $4,545,000; reserve, increased. $23,167,1170. ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Jan. 21. , —Opening— j Bid Ask ; Atlantic Lohos s% 9 Herne Scrvmser w.... 320 ” 340 Buckeye Pipe Line 90 92 Ghesebrough Mfg Don* 18" 190 Continental Oil. Colo 130 1.7 c ; .sden Oil anti Gas 5 s Crescent Pipe Line 29 31 Cumberland Pipe Line 120 135 i Elk Basin Per.- 6 6% Eureka /Pipe Line xn Nt Galena Signal Oil. l'ref lfi( trw Galena-.signal Oil. Com. to 4'2 Illitiois Pine Line 167 170 Indiana Pipe Line 80 90 Midwest Oil 21.'. 3 * Midwest ,Kfg 170 ‘ 180 National Transit 27 30 j New York Transit 142 117 Northern Pipe Live 92 -9*l Ohio Oil 1 265 270 Okla. P. A 11 s*i 6% Penn -Met Hi 19 Prairie oil and Gas 530 54tt Prairie Pipe l,lne 235 210 Sapulpa Kefg 33% 8 dar Refining 370 390 j Southern Pipe Line 81 s| Smith Penn Oil § W 190 Southwest Penn Pine Lines . 52 55 ’Standard Oil Cos. of Ind. .... 87'i ''7%a Standard t 11 Cos. nf Kan 560 s“*' Standard Ofl Cos, of Ky 410 PUt | Standard Oil Cos. of >.9 170 I's [ Standard Oil Cos. of N. Y K 57 362 i Standard <>il Cos. of Ohio ....380 too i Swan A UitVrh 30 * 40 I Vaeiiiim Oil 325 335 j Washington Oil 30 | 10 | . NEW YORK CURB MARKET. (By Thomson A McKinnon.) Jan. 21— —Closing - Bid Ask Aomo Packing 45 55 j Curtis Aero, coin 3 4 Curtis Aero, pfd 1.8 23 Goldfield Co* I 5 j J umbo Extension 3 7 | Imperial Oil < Del) 9''., 9% j International Petroleum .... 15 15*4 j Standard Motors 3%* 4 j Salt Creek 13% 14 | Tonopah Extension 1 9 16 1% 1 Tonapah MinlnT 1% 1% i United P S new 115 16 2 I V. S. Light and Heat 90 95, U. S. lj-'ht and Heat pfd. .. 1 •1% j Wright-Jlarfln 2 5 , Yukon Gold Mine Cos 1 1 16 1% 1 Jerome 26 33 j New Cornelia t* 19 United Verde 79 29% ! Serinoyati 3 6 \ Omar Oil 84 86 j Rep Tire 15 25 i Boston And Mont 65 67 j ' In the Cotton Market NEW YORK. Jan. 21.—The cotton mar- ! kef opened quiet today, being 4 to 9 j points higher. There was a little support from New ! Orleans and spot houses and on the later - positions by foreign Interests. Otherwise j trade was featureless. Later the list was i about steady with little change from iui- j tial levels. New York opening o>wni prices May. ! 17.11 c: March, 17.50 -. July 17c; October, | 16.35 c; December 10.15iir10.20e. The market was quiet toward the close, j final prices showing . a net loss of 7 points to a net advance of 4 points. —Cotton Futures— Open. High. Low. Close, j January 17.80 17.80 17.74 17.75 i March 17.80 .17.83 17.08 17.70 May 17.41 17.44 17 32 17.34 Julv 17 00 17.00 16.87 16.89 • October 16.35 16.35 16.26 1G.30 1 December 16.09 16.16 16.90 10.12 j —Cotton Review— NEW YORK, Jail. 21.—The cotton mat ! ket today again moved monotonously within a veiy narrow range of quotations, there being only a minimum of commission house business, wliat little business appeared being mainly switching opera tions by spot interests selling ime Jilonth against the purchase of another.* , How long this •uninteresting narrow market will continue is difficult to say. , depending entirely on spinners. When- . ever they enter the market we will have greater activity, but so far there is no indication of any important demand from | them The market is still merely a trading affair and there is nothing here to justify a strong position on either side.

New York Honda * (By Fletcher American Cos.) —Jan. 21— ~ FOREIGN GOVERNMENT bonds. Bid. Ask.' - Arg. (Unlisted) ss, Sept. 1, ’45 74 75% Arg. 7s, Oct. ’23 98 98% Belgian 6s, Jan. 1, ’25. 95*4 95"4 Belgian 7%5, June 1,t'45 197% 197% Belgian Bs, Feb. 1, '4l 10 IOO'/g Berne Ss, Nov. 1, .'45 107 108 Brazil Bs, June 1. '4l 10414 194'% Chile Bs, Oct. 1, ’26 109*4 100% Chile Bs, Feb. 1, ’4l. 191% 102 Chile Ss, Nov. 1, ’46 lui 101% Christiania Bs, Oct. 1, '45 106 107 Copenhagen s%s, July 1. '44. 88% 89 Danish Mutt. Bs, Feb. 1, ’46.106'% 107% Denmark Ss, Oct. 15, ’45 108 198% ♦Canadian 5%5, Dec. 1, ’22... 94 95% ♦Canadian 5%5, Nov. 1, ’23... 93% 05 ♦Canadian 5%5, Nov. 1, ’24.. 93% 95 ♦Canadian Dec. 1, '25 92% 03% Canadian ss. Apr. 1, ’26 96% 97% Canadian 5%5, Dec. 1, %T 7.. 95% 96% Canadian 5%5, Aug. 1, ’29.. 98% 98% Canadian ss, Apr. 1, '3l 97% 97% ♦Canadian ss, Oct. 1, ’3l 92% 94% Canadian 5%5, Nov. 1, ’.'CL . 96% 9,8% ♦Canadian 3%5, Nov. 1, ’34.. 93% 95% Canadian ss, Mch. 1, '37 95% 0G* -j ♦Canadian 5%5, Dec. 1, '37... !is% 98 : 4 ♦French (Vice) ss, Opt. ’31... 63% 64% ♦French 4s, op 4. '43. 49% 50 French 7%5, June ’4l 95 ' 95% French Bs, Sept. 15, '46 lc(i% 101 Jap (First) 4%5, Feb. 15. '25. 87% 87% Jap (Second) 4%5. July 10 '23 86 ’ 87 Jap 4s, Jan. 1, '3l 73 73% Mexico ss, Jail. '45 .< 55 56 Mexico 4s, Jan. '54 49 . 41 Norway 8s r Oct. 1, '4O 109 110 Queensland 7s, . Oct. 1, '41.. 106%. 106% Itio de Janeiro Bs, Oct. '46.. .101 101% Sao Paulo 8e Jan. 1. '3U 102 102% Swedish 6s, JTtne 15, ’39 95-% 06*4 Swiss 6%s Aug. 1. '29 96% 97% Swiss Bs, July 1, ’4O 113 115 F. K. 5%a, Nov. 1, ’22 100 100% ‘U. K. 5%*, Aug. 1. ’29 100 100% ll K.'s%s, Feb. 1. '37.. 98% 98'-. tTiiguay Bs, Aug. 1, '46 int% lts Zurich 8s; Oct. 15. '45 10s 10s% Bergen 18s 106 107% •Internal Bonn*. COKUOR VI'ION BONDS.

Bid. Ask. Alum. Cos. of Am. 7. Nov. '25.Hd -, 102 Allied Barkers 6s 69 70 Am. Cot. Oil 6s, Sept. 2, 21.. 94% 94% Am. Tel. ss, Get. ”22 Bib , like. Am. Te! 6s, Feb ’2i 10l ' 161% Am. Tel. A Tel 6s, '25 100% 100% Am. Thread Os. Dee T 8 100% 101 Am. Toh. 7s, Nov. '22 10l % 10l % Am. To.b. 7s. Nov. '23 102% too** Anacoiraa 6s, Jan. ’29 95% 98% Anaconda 6s, Jan. ”29 l(ltt, 101% Anglo-Am. Oil 7'js, Apr. '25.1"3% DM Armour 7s, July lj, '3O 102% 10:; Atehlson Gen. 4s 88% 8,8% Atlantic It'd. Mch. '3l. .HO', lot :, Bell Tel. of Can. 7s. Apr. '25 IR'% 101 H. Bell of I’h. 7s * . 107 ■% RiS'4 Beth. Steel 7s, July 15, *23 ..100% IOIR, Big F.wir 6s 9t;% 97% Can. Nor. • 6%s 109% 1I4(, Can. Nor. 7s 109% 110% Can Pacific 6s. Mch. 2. '24... ini', lm % C. H %. Gen 4s 57% Bs% C. B CJ. 111. 3%s si ', 8(% C 1* i> Neb 4s 05 96% 0 B % -.11 6'us 106% 1u7% Arg Ky. 6>, Feb. '27... 90% {■'(, < ''in. Las 7- '22 10l % 1"1 % '■op. Exp 'Bs, Fell. *ls, 22 . . lo". Copper KxpNSs, Fe.. 15, *23.101% l"-.", Cop. Exp. s. Feb. 15 21. ..102', I<2 4 15, “ 1 his. A N \V tj',s !(''■% 107% Chic. A- N YV. 7s inti lm; • 'ol. Graph. 85.,. * ;2: 51 Cuban Am. Sugar 8s no, l(tf!% Cudahy 7s. July 15 23 . . P>i* I>u l'ont 7'gs 105% HM ' 4 Fisi. Sugar tks, Nov. ’2l bs% 9t>a, Fisk Tir- Ss 102 10f1’.., G lye.ir Ist s H -41 WiVr 113 G lyear Deb Bs, ;tl ps% 99 . 73, Apr. '25. f. 4*B tireal N"rtli.-rti 7s 107% IoS% tiraiel 'lruolt tls 102% HE * Grand Trunk 6%* I**3% Ht 4% Grand Trunk 7s llti ll 1 "^ tjulf ('ll t!s, Julv '23 9't's 'Hk.% Gulf OH 7s. Feb ’3s ..10:',:% p^.% Heinz 7s, !>ee. *3O I'i H -U. ilocking Val. 6s. Mch. '24 98 95% , limuble oil 7s. Mch. 15, '23 .10” s I*'% ' lilt. U. T. Bs, S,-pt. '22 7S*'i s : Inter Met 9'4 9'i lutcrimro 5s 01% G': % til Cent Ref fc. '55 sp, 85 K.-lly Springfield 8* I*M% !'>)% K C. Term. 6s, \cv. 15, ”23 ,100 Hhi'j Ketin Cep 7s, Fei. ’3O H>3 pi"' l.iH'lwle Gas 7s, Jail 29. . 96', Lit' V M Nell Mav, 31. . 0'", I. A N 7*. '3*T !"7 *-j IRS MeX. I'et. Ss ... 1' K> 10l Minn. St. U, A 8. <S. M 6’.5.t01% U)'2‘ Morris 7%< *..K4 Hi'. Natl. Leather Bs, Nov 15. ”25 96 N'vtv Y ork Central 7s, '30....U<r Hh;'-< N. Y. Tel Ref 6s. '4l 102% L'3% N Y Edison 6*.,5, *4l l'H'.L. Vj7 Nor Par. P. L 85% 96% Nor Pa. C, L .1'.'.,. 67 Nor Pac. 6s *29% ti!% North western Bell 7s los', lus% lan Amor Pet. 7h 97% 98 pens 6' j s 106% ItW. , Penn 7s lot>% 107% IU till pine 5%.5. Mt... H>, H )%. Proef'-r A U 7s, M-h ‘22 . ...I'jp list % Proctor A G. 7s. .Mch, '23. . 161’.5’ 10*2 R J. Reinolds 6s Aug. ‘22 , . 1' . Sears lt..i*>>iu>k 7s, Oct. 15, '224101) pto % ’ Soars Roebuck 7s. Oct, 15. ’25. 9”’ ■ 99 Sinclair 7' -s. May 15. '25 1" •■% 10l % 8,-dvav A I'te Ss, < 'et '27 I"''> . H‘l' . Sooth 1!v 6s, Mch. '22 99% 1< 0% S W. Bell Tel. 7s. Apr. '25. . 1"1 ■% 102 St oil (Cal ) 7s Jan. '3l H % p.-t, St Oil (NY) 7s. Jan ’25 '3l 105 11(1% St OH IN'Y.I 6%5. Mav. '.'L t-s, loss’ V E I>. 5'S. I tec 15. '23.1 4> 106% st L San Fran. P I. ts ... 69% 69 , s;. |. San Fran. Adj. 6s ... 75% 73% Seaboard Con 6s II 44 1 j (Steel A Tills- 7s 9'Jl Hit* Swift 7s, Itet 15 "25 1"1 % Hd'% Swift 7s. Aug. 15, ’sl v . . . M'2 : % 102% Texas Cos. 7-. M h. 1, ”23. ..1 0 % 101 ! I'Mowafor Oil 6%s .. . ...102% |o'.!% i Utah See t6s'. Sept, 15. '22.,.. I'.', 'is l'lilon Tank Car 7s Li2<, H'3% I". S Rubber 7'4s 105*, lo.'iYi . V nru 11m oil 7s 1"7 10s ; Va -Car Client 7'Bs Of’, 95% W.- t EL 7s. Apr '25 105 H’s% Westinghouse 7s. May 'sl . ..1" *, " ri , Wi stern Union 6'4s 107% 197% Wlwhester 7' ■* '. O'.M , 99% Wilson 7%* 964, 96% T~, ' Weather j The following table shows tbo state tof the wather at 7 V M . Jan. 24. as Lobserveil by U. S. W'-nthor Bureaus: | Station Bar Temp. Weather f nilliiniiptdts, Ind. SO 13 25 Snow I Atlanta. On 30.06 TTt Rain \ nia rillo Tex 30.26 12 l’tClly Bismarck, N. D ... 29.66 24 Cloudy ! Boston, Mass 30.06 28 Snow Chicago, 111 30 12 21 Clear Cin-InnaM. O 30.11 26 Cloudy ; ''lovoland. (K 30 10 24 Snow 1 Denver, Col 30.02 28 Clear | Dodge City. Kans. 30 12 6 Clear ; Il lona, Mont: .. ..♦30.06 24 Cloildx* Marksonvl'lo, Fla. . 30.22 62 Cloudy Kansas Citv. Mo . 30 20 20 Clear - Louisville, 'Kv .. 30.18 2,8 Cloudy Little Rock, Ark... 30 20 30 Cloudy i Lor .(ngeles. Cal.. 30 32 (2 Clear Mobile. Ala 30.12 64 Cloudy New Orleans, La... 30 IS 68 Cloudy ; New York N. Y... 29 98 34 Rain ! Ni'ffolk, Va 30 04 44 Rain I Oklahoma City 30.28 18 PtCldy I Omaha. Neb 30.12 14 Clear ! Philadelphia Pa.... 29 96 32 Rain i Pittsburg, Pa. ... 30.04 28 Cloudy 1 Portland. Ore 30.40 36 Rain Rapid City, S. D.y. 30 02 ,18 Clear i Itoseburg. Ore. .. 30.50 31 P'Cldy i Ran Antonio, Tex.. 30 26 32 Clear San Francisco, Cal. 30 38 38 Clear i St. Louis. Mo 30 20 24 Cloudy st Paul. Minn 2996 4 Clear Tampa, Fla. 30.22 66 Oloudv I Washlnufon, D. C.. 29.96 &4 Rain WEATHER CONDITIONS. Since Friday niornin* precipitation lias occur rial from the middle and lower Mississippi valleys - notheustward to the Lakes region nt#d ijilddle Atlantic coast, being in tlie form of snow in the northern and rain In the southern portions of that area. Somewhat warmer weather [#cvat's (reneralUv from the Great Lakes to the Gulf coast, ftflcl It is farmer also in parts of tlie middle anti western plains and middle Rocky. Mountain region, due to a barometric digression that Ims advanced rapidly from (lie far northwest to North Dakota. It Is colder ag'siti, however, In middle western Canada, with readings there this morning of from 10 degrees to 20 degrees below zero. Zero tern lerirture continue in parts of the (.rest Basin and killing frosts were renortcil last night in the Valley of California and as far snath, as Yuma, Ariz. WHOLESALE BEEF PRICES. The following are today’* wholesale prices or beef cuts as sold 6n the Indian apolis markets of Swift A Cos Ribs—No. j , 22c; No. 3,18 c. Louis—,\o. 2. 26c; No 3. 21(8 Rounds—No. 1,14 c; No, 2,12 c. Chucks—No 2. 9c: No. 3, S%c. Plates — No 2. Sc; No. 3, 7*Ac.

SWINEtPRICES RULE STEADY Cattle Receipts Extremely Light—Calves Strong. RANGE OF HOG PRICES. .9, ood Good Good 7? n % MUea. Heavy Light. 33. 18.00(g) 5.25 $7.76© 8.00 sS.2s(g> 8.50 JL -00 7.50*> 7.76 s.oo© 8.40 4b. 7.80® 8.25 7.75© 8.00 8.25® 8.5 U }!■ 7.30® 8.25 7.80® 8.00 8.36@ 8.05 ;; • 8.35® 8.65 8.000 8.35 8.65® 9.00 39. 8.000 8.25 7.75® 8.15 8.25® 5.50 -0. 8.25® 8.50 7.85® 8.00 8.50® 9.00 21. 8.25® 8.50 7.85®' 8.15 8.60® J.OO Swine prices ruled steady In trade on the local livestock exchange today, with receipts close to 7,000 and the demand only fair. What buying there was dur iug the early forenoon hours was of a general nkture and there was but little improvement in the tone of the trade in later hours. It was thought that there would be a gpod-sized holdover for the opening market nt the coming week. Cattle receipts were light, but with the quality fair and the demand good, prices ruled sternly There were only about 200 cattle on the market. Veal price* were steady to strong, with receipts light at .o*o antUthe ship ping demand good. There was a top of sl4, the same as that maintained dur ing the early trade of the market of the previous day, but there were more sales at that prices than on Friday. Sheep-.were steady and lambs strong to 25c higher, with receipts light and the demand good. HOGS. Best light hogs 150 to ISO ltis. average sß.sot§ 900 Over 300 Hin 7.85 15*t to 300 lbs, v... 8 09% 9.00 Sows ! \... fl.OO'q 7 06 Stags 5.50% 6.50 Best plgt, Yinder 140 lb* 8.75% 9.00 Bulk of sales 8.25<§, BJS Tops ’ —Cattle— Prime eorufed steers, 1,300 to 1,800 His.... 6.50® 7.50 Good to eboiew steers, 1,200 to Good to choice steers, 1.100 to 1.200 lbs 4.50® 5.00 Good to ch"iee steers, 1,000 to 1.100 lbs 4.25® 4.50 Common to medium steers, NS to 1,000 lbs* 4.00® 4.25 —Cows and Heifers— Good to elm! -e heifers...*. 6.00® 7.25 Medium heifers 4.00® 5.73 Common to medium heifer*.. 3 504/ i fit) Go "l to choice cows.-: ir f "O't4.7s Kn r to medium cows l.OOtjt 2.50 Cu-tcs 1.25® 2.50 '<-44 j ors 75® 1.50 —Boll*— '*'• and " choice butcher bulls- 3.50® 1.50 B"l<> a a bulls 3.0044 3.50 Light bologna bulls 2.50® 2.75 Light to common buil*.- 2.00 o 2.50 —( til v et* -- 1 hoi,-,- n.-i 13.009; H.OO Good veals 12.00 0.13.1)0 M'dium w.ils 10.00® 11.50 Lightweight 'eal* 8.50® ii. itl I’omtiion ti heavyweight veal* 7.90® sot) —Sto^•kr^ Mind &>e<ierM— G<<- 1 t* choice Hteur under >mH) lbs 4 .Wf 4 7r Medium cow* 2.00® 5.50 Good cowa 3.50® 1.25 Good heifers 5.00® C.So Medium to good heifer* 4.oU'<). t 75 Milkers 87-00® 75.00 Sheep -nd Lambs— Ewes 100® 4 50 Bu< ks 2 50® 5.,50 Good to choice lamb* 10 s"® 13 25 Seconds 8.00',110.00 Buck lamlis 6.50® >.OO Gulls 4.00® 5.00

Other Livestock CHICAGO. J.-uv 2L- -Hogs- Receipts U-. 000 luirket, active auVim-stly I" t„ 15 ■ higher ; bulk of .sale*. $> .1>.25>; to)-, - - heaviea, s®s. 13; mediums, sß.lo® Si 1, “gitt*. ss.3s',i >.’!s; light lights, $.8.50 s ..,. 1,... Iv\ packing sows, smooth, $6.7.5 - 5.50. paektiiK sous, rough. so.su-h >.i*ii: , ss . s- Cattla Hein ipts, sou; - ket. si, u steady. Sheep and lambs Re " ipt< 3.0*81; market, slow -steady. CINCINNATI. Jan. 21.—Hogs Re ceipta, 3,market, steady to 25 to ■ cent a higher; heavies. svu 5.75; mixed, iio-diaais, Lgiits and pigs. $9; roughs. ' ,167.5; slags, $4.2.5®4.58). Cattle—Receipts. 4*Bi; market, steady; bulls, weak; ca' v -s, sl2 5,0 Sheep r and Intuits Receipts. loti; market, strong; ewes. $5,; dioi " lambs, • sl3; seconds. $9; cull*. ss,®xi. CLEVELAND, Jan. 21—Hog- -Receipts, 1.300; market, steady to in cents 'higher; yorker*. $9.25; mixed, ss.7o; me dwstiis. $8.73; pig.-. 59.25, robtghs, $6; stags, si. t'altT, Re ,-ipts, -ioO: mar ket. slow and dull.' Sheep and lambs Receipts. S4'o; market, steady; top, $13.50. I alves- lUeielp ts, 2.50; market, lower; top. $12.00. EAST ST, LOUIS. .Tan 21—Hogs - cipts. 5.500; marlo-t, 25 to 40 cents higher: mixed and butehers, $>.40®5.75; good heavies, SS.2S@BJS(I; roughs, so® 6.50 ; lights, ss.7-5® 9 ; |dgv. $8.,50® 9 : stags. s>. i.c,.->.75. Cattle Receipts, 2, -'o: mar ket, steady; native beef steers, ?7',|S; yearling steers and heifers, s7® 8.25; e"u $3.25.8*5.50; slo.-kers and feeders, ■' " i-50 calx s. $2,58..';) 11.2:5 ; canncrs uii-l cutters, V 5 2 *,', :. „5 Sheep and lambs lie.eipts, none; market, nominal. EAST I'd FFALti, N. Y.. Jan. 21. II -. Receipts. 21199. market slow; vork■"fv $9.2-5® 9 til); jigs. $9.25® 10; mixed -'9 il< iivi<s, SB.-5,‘65.75 ; roughs. $0.50 ®6 75; stags. s3.s*'®4.ot). Cattle—Re- | reipt-. 225; mark'd stovK; shipping stegrs. 57.i.5',: >.25; butcher grad'-s, $?6) S; heifers., 8 5®.; 50; cows $2.25® 5.30; bulls, 53..5t> (oil; feeders. si®o; milk cows and spring-t-rs, $25-", 1.12'. Calves Receipts, lino; market s ow; <-u 11 H> , hoicc. ss®l4 Slas'p and lambs ■ Receipts. 2.000; market slow; ' lioice lamtej, $12.50® i;:.5H>; cull to fair, sß',j 12.50; vearlings, sstot2; sheep, S.'lfo 5.1t,5. PITTSBURGH. Jan. 21.—Hogs-Re cclpts 1,806; market 25c higher: prime heavies. $8 stK<t.V6o; mediums. $9.25; Iwavy york'-rs. $5.23; light corkers. $9.25; logs. $9.25; roughs, $6.50fiMi.75; stags. $3 50® i heavy mixed, Cattle -Receipts. 100; mark -1 steady; choice,sS(fl'B.so; prime. 88® 5.25; good. $6.75® 7.23: tidy butchers. $6®6.75: fair. $5,50 6t<\ 25: common. s4(o . ',’s; common to good fat bu115.'■'•3.25(9:4.23; common to good far cows, s2@s ; heifers,. $ 1.2.5(7 6 75; fresh cows and springers, $3-1®8,5; veal calves, $12.75; heavy and thin calves, s6®:9. Sheep and iambs Receipts 300; market steady ; prime wethers, $7.75®8: good mixed. $5 30 ),),;.50; culls aUil common, $2.50 ?! ,i,50; cliolce lambs, $13.73. INDIANAPOLIS PROIHPE Eggs — Loss off. 27®3uc Butter Hack l D e stock. 15® 17c. Poultry Fowls, lo® 23c, springs. 19®23c; cocks, lltaigcstags. 13® 15c; capons. 7 lbs. and tip. 35,-|| capons, under 7 lbs.. 29c; capon slips. 7 llis and op. 27c; capon slips, under 7 lbs 23c: young hen turks, 8 lbs. and up. 39c : young tom turks, 12 lbs. and up 38®;s9e; old tom turks, 31®32c; mil thin utrkeys not wanted ducks. 4Hbs and op> lti®i!),.jroese, 10 His and tip. 14® 16c ; squabs 11 lbs to dozen, $5; young guineas. 2-tr. size per doz. $7®750: old guineas, per tloz $3®3.50. \ Butler—Local dealers are ;iip, c 37, per lb. for butter delivered In Ind! anapolis. Butter Fat—Local dealers are paying 32c per lb. for butter fat delivered ij) Indianapolis 1 CLEVELAND PRODUCE. CLEVELAND, Jan 20—Butter—Extra J in tubs. 40c; prints, 4O@4o‘ie. .extra firsts, 39c: first*. 40®'40%fc; seconds, 32®.32ViC; packing stock, l^@2oc. Eggs—Fresh gathered northern extras. 39c: extrii firsts. 38c: Ohio firsts, new cases, 37*4c; old cases. !!7c; western firsts,'] nexv cases, 30c. Poultry - Live heavy fowls, 25'<;26<-T spring cqlls, 20®22c; spring ducks, 28®'300: turkeys, 35®40c Potatoes Michigans, $2.9.5 per 150-Ib bag; Early Ohios. $2.10 per 120-lb. bag; sweet potatoes. Jerseys, $1.55®1.90 ♦per hamper. ( V OWICAGO (PKOIH'CE. . lIU’AGO, lan. 21.—11 m ter— Re ,-eipis. 6..51,9 tubs: ,-ream,■try extras. 3344 c: firsts, 27®52c; lacking stock, 15fii.17c.” Eggs Receipts, 9,000 cases; current receipts. 32® 31c; ordinary firsts. 29® 31c; tirs s. ;’s>,-; checks. 25®20e; dirties. 27® 2s ■. ('heesiy—4-Twins, new, 19 : %c; daisies, 20® 20%c; young Americas, 20>6®21c; long horns, 20c# bricks. 15%c. Live poultry— Turkeys, 35c; chickens, 23c; springs, 21c; roosters, 17c; geese, 17c; ducks, 27c.

Local Stock Exchange

—Jan. 21— , STOCKS. Bid. Ask. Ind. Ry. & Light com 60 ... Ind. Ity. A Light pfd 75 T. H., T. & L. pfd 63% ... Indpls. & N. YV. pfd 60 Indpls. St. Ry 40 45 T. 11.. T. A E' pfd 63% ... T. H„ T A E. com 4 T H.. I. A E. pfd 10 U. T. of Ind. cym ~ 1 U. T. of ind. U. T. of Ind. 2d pfd 2 Advance-Itumely cum........ ... Advance-Rumely pfd ... Am. Creosoting pifd 92% ... Am. Central Lite 175 Beit It. R com (91 71 •Belt K. R. pfd 48 Century Bldg Cos. pfxl 93 Citizens Gas Cos 25Vz 27% City Service com City Service pfd Dodge Mfg. Cos. pfd ♦Home Brewing es 43 ..J Ind. Hotel com 65 ♦lnti. Hotel pfd 9!% ••• Indpls Nat Ins. Cos 3% ... Ind. Title Guarantee Cos 45 ... Indiana Ripe Lines 85Va 90% Indpls Abattoir pfd 41% ... ♦lndpls. Gab 45 49 Indpls. Tel. com 2 ... Indpls. Tel. pfd 9*l ... Mer. Pub. Util, pfd 48>.j ... Nat. Motor Car Cos 1% 2% Hub Sav ins. Cos 4% ... Rauh For. pfd. 46 ... Siand. Oil of Indiana 85% 87*4 Sterling Fire Ins. Cos 7 Y’an Camp Hdw pfd . | 100 Van Camp Hacking pfd", 100 Van Camp Prod. Ist pfd... 100 Van Camp Prod 2d pfd 100 Vandalia Coal Cos. c0m.... 8% Vandaiia Coal Cos. pfd 5% 9 Wabash lty. pfd....A 19'-j 21% Wabash Ity. com... 5% 7% BON US. / Broad Ripple 55.. .' 6" _ 65 Cittsens St Ity. 5s 72 75 ■in,nan Crk Coal and Miisr . U® Ind. Coke & Gas 5s 86 Indpls C. A S 5s 91 Initpis. A Martinsville 5s ... 57 Indpls A North 5s 36 41 Indpls. AXN W 5s 54 Indpls. A S. E 5s 4<> Indpls., Shelby A S E. 5s 75Indpls. St. Ry. 4s 5$ 63 Indpls. T. A T. 5s 76Vi ... T. H.. I A E 5a 50 U. T. of Ind. 5s .'. 44 ... Citizens Gas 5s 83 ... Indianapolis Gas Cos S2 ... Kokomo. M a W 5s *3 Ind Hotel Cos. 2d 5s 95 liulpls. L. A H. 5s 85 90 . Indpls. Water Cos. 5s 92% 95 indpls YY’ater Cos. ”*t 85 Mer. Tel Ist 6s 06% 99% Mer. Tel. Ist 6s 96% 99 New Tel. L. D. 5s 94 ... Sou Ind Power os 88*^ ♦Ex-dividend.

Local Curb Market (By Newton Todd.) „ —Jan. 21— Am. Hominy com v.. 14 20 Centra) and Coast Oil 2 Choate Oil Corp % 1% UoJuml ia Fire Is*. Cos 6 7% Cornet Auto % 2 Dayton Rubber Units 48 58 Dictograph Prod, pfd 40 50 D W Griff th 7**i 8% Elgin Mjitor Car .. 1% 3 Fed Fill Cos. pfd 77 87 Fed. Fin Cos. c m 122 132 lit. Sou. P-o 1 A Kef Z 6 Inti It ti va l Credits 50 60 Metro 5-50, Metro. 5 50c Stores pfd 20 >27 Nat. Underwriting 3 5 Rauch A Lang Units 20 30 Rut).-Tex. Units 1 14% * )**% U S Auto. Units f 56 66 U. S. Mtg Cos. Units 150 I*l4 BANK STOCKS. ! Common ial Nat. Bank 71 81 Cont Nat Bank 100 110 1 Ind. Trust Cos 175 190 ! ind Nat Bank 260 276 Mer. Nat Bank 280 •Security Trust Cos 130 ...' State Sav. A Trust 91 93 1 and m Trust Cos 3t>o ... \\ ash Bank A Trust C 0... 150 ... HAY JJ A KKET The folioWdug are the Indianapolis prices tor hay by the wagon toad delivered : • Ray Loose timothy $16.00§(17; mixed hH). sls® 10; baled hay. sti®lß. Oats—Bn-hel new pe' bushel. 32®35c. Corn —01*1 tier bushel 54®6*>e WAGON WHEAT I’RH£B. Indianapolis flout, units and elevators tuiia) were paying fi ll per husued tor So. 1 led winter wueat, $1.12 tor No. 2 red winter and iccording to test for No 3 red winter. Oats were quoted a*. 27c pr bu-hel for No. 3 white or better. Oratory to Open No-Tobacco Session An Oratorical contest j a Avhieh seven 1 colleges w ill be represented will open the annual couv, nUon of tkfi No Tobacco League of Indiana at the Y. M. C. A. Mon--1 day night. On Tuesday the speakers will be the Rev. W. II Hickman of Terre Haute, R. J. Rilke-of the SiSte V. M. C. K.. Prof. E. E. Ramsey of 810 uningtou, I Mrs. Carrie L. Fletcher, general seere- | tary of the No Toboceo League of Ohio: jo O. Wiard of Ch • ago. the Rev. Henry Vilnius if* f Miinele, Dr. G. B. Starr of Lafayette, Charles M. Fillmore, generI al secretary of the No Tobacco League of America, and L. 11. Higley t>f Butler. Ind.' Serves Thirty Years; Expects to Retire Jesse Street, at one time an ; inspector of police, was expect re--1 tire today. Ho tmv t>ecn on the force I more than thirty years, having been an inspector under the Bell administration. ; He resigned during the early part of the i Jewett administration, lint was r. -apj pointed last December and assigned to • the city market. The present administration transferred him to a boat, but he did not feel physically able to cover it. Births Adam and Irene Ailamapoulos. St. Vincent -dial. boy. Charles and Mamie Fiala, 4300 East. ! Tenth, girl Ervin and Holda Deer. 1503 Gimber. boy. j Clarence and Sfathilda Long. 1231 South I East. girl. 1 Robert and Erma Barnabv, 322 North ; State, girl Ben and Rachael Gross, Long Hospital, j girl. Pedro and Alicia De-La-Cruz, 641 ! South East. girl. | Charles and Josephine Mattingly, 19 North Oriental, boy. Lawrence and Maggie Mark. 924 Arnolda, boy twins. James and Julia Hines, 1626 Wilcox, I boy. Robert and Bertha Sheldon, 4611 Guilford. boy. Earl and Clara McKinney. 2111 West Morgan, girl. William and Katherine Miller. 63 North ; Hawthorne, girl Eugene and Lt thin Reed. 1336 East j Eighteenth, boy. * Deaths ! Rowland Evans. 77, 1436 North Alai bama, chronic nephritis. ; Charles Franklin Wilson. 62. 2202 North i Oxford, broncho-pneumonia. Ruth Lambert, 29. 3025 North Arsenal. ■ tubercular meningitis. John Jones. 48, 865 Edgemont. arterlo j sclerosis. ; Martha Ellen Thomas, 80. 1633 Kem- ! brandt. pulmonary tuberculosis j Robert Lee Murphy, —, 44 Ilendricks | Place, atelectasis. James T ShaugUncssy. 61, 2626 East North, artcrio sclerosis Edna May Arthur. ( 36, 1113 Holmes, h.vpostatii pneqmoniii ilattie Wilson, 975% West Pearl, cerebral hemorrl.age. Rebecca i.ewis. 87, 1640 Cruft, chronic myocarditis. Phoebe Jane Yancey * 72, 808 Col;, a cerebral apoplexy. ♦ Kenneth Mttler, 13. 1410 South New Jersey, Hodgkins disease.

GRAIN VALUES . CLOSE HIGHER Buyirig for Export Is Slow— Milling Demand Fair. CHICAGO, Jan 21.—Grain prices were higher on the Chicago Board of Trade today. f Export buj’ing was slow, but the total of pure bases for the week were large. Local milling demand was reported mod- • rate, but there was a little better demand for Dour reported in spots. Receipts were fairly liberal. Provisions were higher. May \. neat opened up %c at $1,144% and closed up l%e. July wheat opened up %c at $1.02, closing up lc. May corn opened unchanged at 53%c, closing up %c. July corn opened at 55%0, unchanged, and closed up %c. May oats upuiiod up *-sC at 38%c, cloy ing up lc. July oats opened up */sC at 39%e anU closed up %c. (By Thomson A McKinnon.) —Jan. 21— Wheat—Firmness of foreign markets in the face of free offerings and heavy shipments of Southern Hem,sphere wheat has been responsible for the strength in today s market. Bonded wheat at l nited States ports is decreasing at the rate of at out two and one-half million bu-hels weekly, whereas ordinarily it j* mains throughout the winter. The decrease is, of course, due to shipments abroad. This lad, in conjunction with tlie continental aosorptiun of Australian and Argentine shipments, gives us a lather vivid picture of European requirem uts auu probable ta.mgs for the balance of the season. Practically the ouly surplus remaining in North America is of tue Canadian sort, and these are selling c. i. f. Europe at material premium over our own wheat. Milling wheat in domestic niarhefs seem to i*c in better demand, th,- Sollttiw.s telling of ship;, in -lit to outside miiis at very strong plv initials, the uoinesti - flour has iieen stagnant so long that it is quite possible for a material betterment in < ase flour jobbers and millers are con-flio-nt of the future. Argentine wheat Is offered. c - *- f- Europe 5 cents cheaper fhau United Btates ?wlf w'heat, tut exporters say ti ls discount is nut sufficient ixi view of the fact that it uikes-Jlve or six weeks for Argentine wheat to arrive on the continent. If it proves true that European needs are as ..urgent as now indicated and if milling trade revives, as expected, we feel that values should make iurtner considerable response. * ora and oats—The seaboard intimates that the export trade in corn is larger rh.lll Is being made public* The idea is supported by the way in which the cash market takes care of the _ exceedinglj free movement from the country. We have seen indications today of the beginning of a southern demand for oats. It has been -.\ tffl.lt- i by purchases of 'he future,rather than in taking of our elevator accumulations. However, any general broadening of shipping demand "ill inevitably cut into the elevator- ac- • 9lixitions for the reason that country offerings are very limited. / Provisions —Quiet prevail# in the rrov:s:"u L® f■•r I fire delivery, ont Hfc* e.'-sh trade Is rath**r active and a further improvement seems possible. It is be.leved the hog market will remain strong an.l it is known that products are relatively cheap.

CHICAGO GRAIN TABLE. —Jan. 21— WHEAT— Open. High. Low. Olos. May 1.14% 1.16% 1.1:t% i.itf J "iy 1.02 1.1*3 l.tibj la>3 CultN / Muj.... .*"■■ .• .53 -j .ai'j AT'i Jhly 55 4 .55*j .55 • .55% Ss'- -'% -38% .30% Jt'.y 39-% .49 .39% .40 PORK— Jan 16.50 17.00 10.50 17.00 LARD— Jan 9 45 9.65 9 42 9.*15 -M ay 9.17 9.97 9.7i 9.90 RIBS— Jan. 8.85 9.02 8.80 9.00 May.... 8.95 915 tx'.o 0.07 Ri E May.... -85% .86% Ni .B*rt k ♦July 79% •Nominal. CHICAGO CASH GRAIN. CHICAGO, Jan. 21. —Wheat —No. 4 red, $1.19: No. 4 hard winter, $1.07%. Com— No. - mixed. 40-,;49%c; No. 2 white. 49** •v49%e; jNo. 2 yellow . 49%® i9%e; No. 3 mix-.-u. 48®45%.-; No. 3 white. 4s%c; No. 3 yellow. 4sY4',i 4> %c; No. 4 w hite. 46%"% 47c; No. 4 yellow. 47®47%C. Oats—No. whit., 374;®384jC: No 3 white, 34%®i 35c; No. 4 white. 3534 c. , TOLEDO (iRA!N FKICES. TOLEDO. Jan. 21.—Wheat—Cash sl2l it 12' .: .'* y, $1.29: July, $1.08*3. Cru C' 'll. 5-’ Oa’s, 4* ..-42c. Kye— Cash, 87c. Baricy—Cash, 64e. I’KI M ARY MARKETS. %By Thomson A Mi Kinuon) —Jan. 21— —Receipts— Wheat. Corn. Oats. St. Joseph... 42.* sst 55.1*10 M.0.’0 Chicago 59,000 1.14 1.0. *9 226.<vj0 .Milwaukee 111.,-*) s;;.c**) Minn-apoiia . 325.)•*) H 6.0 *) Duluth 3.1,000 55.0 0 ld.ooo St. Louis Its,‘*o 147.04® 61.'W0 Toledo :;.***> 41J®0 12.0>0 Detroit 6.U00 4;**<o it;.M>.i K„ii->as City.. 216.ti0 71,0 0 22.000 Peoria 122,00 47.i0) Omaha 23,000 Iou.UJO 30.001 Ituiianai'olis... i.o.*) liG."Ov) 58.e|i*) Totals 837,000 647.000 Year ago.. .1.2.“.,t*H) 1.72,,'00 6&7000 —Shipments— Wheai. Corn. Oats. St. Joseph.... 14****) ‘22,1) O 10.000 Chicago 47.000 77f* l O> 209,*M> M.iwaukee .. 3,000 194.000 46,000 li.nneapolis . 15i000 ol.oUl) 46.0<H* l'uluth 44.t(“> St Louis 49,(HA* 85.000 137,000 Toledo 1.000 12.<*i>0 1 troil 2,000 4,00 > Kan as City.. 205.000 21.00) 10.0 o l'eoria 15 >.<* 1 31. 0,1 Omaha 7s.o*K> 137.*M) 42.00il Indianapolis 55,000 lb. oo Totals 6*.o'M) 1.39&000 549.000 Year ago 751.*)*) 923.000 459,'®i) —Cb trances - Wheat. t'o-11. Oats. New York 60.000 1 hibulelphia... 94,0*>> . New Orleans ' 518J1UO Galveston 4,000 Totals SIS.OOO 578.000 Year ago... 506,000 -KOl.-ObO INDIANAPOLIS CASH GRAIN. —Jan. 21Bids for car lots of grain and hay at tlie call of the Indianapolis Board o Trade were: Wheat—Strong: No. 2 red, $1.26*51 2".) Corn Firm: No. 3 white. 49<*50%c No. 4 w hite. 4S® ".!%•: No. 3 yelipw. 49 ® 50e; No. 4 yellow. 48®4>%c; No 3 mixed, 4n-i45)%c No. 4 mixed. 47®4n% -. Oats —Firm; No. 2 white, 37%@39%e; No. 3 white, 36%@33%c. Hay—MYak; No. 1 timothy. $17*317.50; No. 2 timothy, $16.50® 17. No. 1 light clover mixed. slt>®.ld.so; No. 1 clover, $ 15.506)19.50. —lnspections Wheat—No. 3 red, 1 car. Corn —No. 3 white. 3 cars; No. 4 white, S cars; No. 5 white. 1 ear; No. 3 yellow. 2 cars; No 4 yellow, 12 cars; No. 5 yellow. 8 cars: No. 6 yellow, 1 car; No. 3 mixed. 3 cars; No. 4 mixed, 7 cars: No 6 mixed. 1 car; total, 49 cars. oats—No. 1 white. 1 car: No. 2 while. 1 ear: No. 3 white. 9 ears: No. 4 white 1 -ts; No. 4 mixed, 1 car: total, Id cars. _ 4 , av —No. 1 timothy, 1 car. BOARD OF TRADE STATEMENT. The weekly statement of the Indian opiL Board -of Trade showing the output of flour by local mills, inspections for the* week and stoekiu store follows: COMPARATIVE STATEMENT. Output of Flour— Bbls. .Tan. 21, 1922 8.391 .Tan. 14. 1922 v jam 2% 1920 ••••••••• 17.90.' —Bushels - .Inspections for Week— 1921 1922 Win-a ... 10.000 8)*' 1 *',,rn - 574.000 234.00* 3'H'i.o*'l) 112.0*1) Hay. 14 ear J STOCK IN ST >RK IVh it Co-n <i'**s. Rv“. Jan 21, 1922.. .196.630 4"_,500 3*i5,500 | .. Jan 22. 1921...122 Iff' e5<),420 382.820 1.90(1 Jam 24, 1920...499,620 231,190 82,850 3,570

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