Indianapolis Times, Volume 34, Number 220, Indianapolis, Marion County, 24 January 1922 — Page 10

10

BULLISH RULE OF MARKET IS HELD IN CHECK Sentiment Regarded ShockProof and Optimism Prevails. IRREGULAR AT OPENING Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. WASHINGTON, Jan. 24.— Uncertainty and irregularity marked the opening of j the new week in the stock market. 1 Aside from activity in a few specialties, such as Manhattan Shirt, North American j and Gulf States Steel, there was no trad- j ing feature to attract more than passing j attention. The local tractions were more than usually active, and there appears j to be some disposition to attempt specu- j I,stive operations in some of these issues, j Manhattan Elevated ran up sharply last i week, and was higher, although a reac- j tion wiped out the early gain. Third ave- j nue was fairly active, but was unchanged I on the' (lay. I Other active specialties were United Drug, Corn Products and American Locomotive. Profit-taking caused numerous net losses of a fractional character throughout the list. In spite of the dull, drifting character of the market, an underlying feeling of optimism persists. This is based largely on a supposedly strong technical position. ns well as the belief that public speculative holdings of stocks are small. A temporary check to bullish operations has been administered as a result of the attitude of France iu reference to tlie disarmament program proposed at \\ ashington, and indications of the French policy toward the economic conference at Genoa. Undoubtedly the disappointment in these respects was sufficiently acute to have caused a bad break ip the market if its technical position had not been j strong, and if sentiment had not become j well-nigh shock proof.—Copyright, 1b22, 1 by Public Ledger Company. WALL STREET GOSSIP BV MONITOR. During the current week a large uu;u- ' her of railroad earnings statements for \ December will be made public. The, financial community has heard so many j doleful tales of the nature of the reports that any display could scarcely equal j some expectations. Railway executives j hesitate to make any general statement, I because of the curious irregularity of, tonnage movement. It was expected the reduction in rates on limiter and agricultural products would stimulate the movement of these commodities. Instead of increasing, the movement has decreased, according to some officials. Increase In tonnage of a large variety of manufactured products has surprised traffic men, even as they were surprised , by the falling off in some classes of, commodity freight. The coal movement, they say, is far below normal. Secretary j Hoover’s announcement today that rates would not be cut on coal prior to April 1. in view of the practical certainty of a strike then, will, it is expected, stimulate this class of tonnage. Firms, which are Interested largely in Kenneeott Copper, and also are interested ; in Mother l.ode which was listed on the ; curb market, are suggesting the prouability of an exchange of stuck, which will prove favorable to holders of both i companies. The commission house cle-1 meut is inclined to look on the report as a speculative maneuver. Strength and activity in Manhattan , Shirt Company stock recently was ex- j plained when the directors at the annual : meeting recommended an increase iu the capital stock from 200,1)00 to SbO.OOO , shares of $25 par value, an increase m the cush dividend rate from .si. To to $2 annually, and declaration of a 20 pec cent stock dividend. A special meeting of stockholders lias been called for Feb. p, to act upon the proposal. For some time buying in American Woolen has been reported as for the account of important interests. The stock scored a gain of more than a point at tne opening, which later was increased on reports of tne success attending the opening of Coe company's lines. It is said buyers are placing orders liberally, and that large operations for the next six mouths are assured. The Consolidated Gas Company, reporting lor 1921, shows a deficit of $2,970,037 before dividends as compared with a net income of $1,308,000 in the previous year. After dividends the deficit is $9,979,537, as compared with a deficit of $0,092,000 in 1920. Absorption of American Express is reported for the same interests which entered the market for that stock a week ago. It is said the order, which now is in process of execution, calls for the delivery of a considerable quantity of certificates, and that while the temporary fluctuations in the price may discourage outsiders, the buying is based on knowledge of important developments in the affairs of the company. The trading element is watching with peculiar interest operations in United .States Steel common. It is generally the idea of traders that the buying above 83 was not of a strong character, yet the ready market which existed for ail offerings around 8(1 today made short sellers timorous. The principal reaction to the flurry in the independent steel stocks last week has been to indicate the strong position occupied by the corporation in the industry. There is no more definite information as to the progress of the proposed steel mergers available than there has been. The financial community expects that if any such combinations are completed that the present controlling interests of the independent companies will seek to have their securities exchanged on the basis of much higher prices than at present are quoted. The speculative element thus is confused through the dangers of short selling in case tlie mergers are consummated, and of buying when there is a possibility that negotiations may fail. This causes much of the irregularity of movement in these stocks. Remington Typewriter was one of the low priced specialties that was taken in hand by the speculative group active in it, and advanced nearly three points lrom Saturday's close before profit taking sales interfered. There wer ■> rumors of a large increase in sales of the portable machines, but no real news to account for the sudden burst of activity.—Copyright, 1922 by rublic Ledger Company.

Local Curb Market

(By Newton Todd.) —Jan. 24 Am. Hominy coin 14 20 Central and Coast Oil 2 Choate Oil Corp 46 144 Coluintia Fire Ins. Cos 6 746 Comet Auto 46 2 Dayton Rubber Cits 45 5.1 -Dictograph I’rod. pfd. 31 41 p. 4V. Griffith 746 846 Elgin Motor Car 1% 3 Fed. Fin. Cos. pfd 77 87 Fed. Fin. Cos. com 122 132 Gt. Sou. Pro 1. & Rei 5 6 'fid Rural Credits 50 60 Metro. 5-50 c Stores com 646 10 Metro. 5-50 c Stores pfd 20 27 -Nat. Underwriting 3 5 Ranch & Dang Units 20 30 Rub.-Tex. Units 1446 1646 Stevens-Durepea units 31 41 U. S. Auto. Units 56 66 C. S. Mtg. Cos. Units 150 164 BANK STOCKS. Commercial Nat. Bank 71 81 Cont. Nat. Bank 100 116 Ind. Trust C 0..., 175 190 Ind. Nat. Bank 260 276 Mer. Nat. Bank 280 Security Trust Cos 130 State Sav. & Trust 91 90 Union Trust Co..j 300 ... Wash. Bank & Trust C 0... 150 WHOLESALE BEEF PRICES. The following are today’s wholesale prices or beef cuts as sold on the Indianapolis markets of Swift & Cos. Ribs—No. , 22c; No. 3,18 c. Loins—No. 2. 26c; No. 3.21 c. Rounds—No. 1,14 c; No. 2,12 c. Chucks —No. 2,9 c; No. 3,846 c. Plates— No. 2. 8c; No. 3.746 c.

N. Y. Stock Exchange

(By Thomson & McKinnon.) —Jan. 24 Prev. ! High. Low. Close. Close. Allied Client. .. 38% 57% 37% 58*4 Ajax Rubber .. 13% 13% 13% 14 *Allis Chaim. .. 43% 43 43*/i 44 Am. Agri. .... 32% 32% 32% 32% Am. Beet S. .. 30% 35% 30% 30 Am. B. M. Cos. .37 35% 37 30% Am. C. & F. ..140 145 145 Am. Can 30% 35 30% 35 | Am. H. & L. Cos. 13 13 13 13% A. H. &L. pfd. .01 % 01 01 Vi 01% Am. Ice 85 84% 84% 84 i Am. In. Corp... 41 39% 41 40 j Am. Linseed .. 31% 31’% 31% 31% j Am. Loco 107% 100% 100 Vi 100% Am. S. A Ref. . 47% 47 47% 47% Am. Sugar Ref. 08 00% 07 00% | Ant. S. T. Cos. .33 32 32% 33% ! Am. Steel Fdry.. 32% 31% 31% 32% I Am. Tei. & Te1..117% 117 ... 117% Am. Tobacco ...131% 131% 131% 131% I Am. Woolen ... 8334 83 83 83% ! Atl. Cst. .Line. 87% 87% 57% ... Anaconda M. Cos. 50 49% 50 49% Atchison 07% 97 97% 90% Atl. G. & W. I. 30 29% 30 29% Baldwin Loco. . 97% 90% 90% 90% B. & 0 34Vi 34 34*4 34% Beth. Steel (B). 00% 59'% 00 59% Cal. Pete 47 47 47 ... Can. l*ac. Ry. ..124% 124 124% 124 Cent. Leath. ...32% 32 v 32 32% Chand. Motors . 00% 59*4 59*% 59% C. & 0 50% 55% 50% 50 C. M. & St. I\. 18% 18*4 18*4 18% C. M. &S.P. pd 31% 31*4 31% 31 Chi. & Northw. . 04*4 03% 04 04% C. R. 1. & P .. 31% 31*% 31% 31% CRI & P Opet p 73% 73 73% 73Vi CRI&P 7pct p 80% 80% 80% 87% Chili Copper ... 18 17% 17% 18% Chino Copper.. 28 28 28 28 Coca Cola 44% 43Vi 43% 44 Col. Fuel & 1... 27 20% 20% 20% Columbia Gas.. 08% 08% 08% 08% Columbia G.... 1% I*4 1% 1% Consolidated G. 91% 91 91% 91% Continental Can. 52% 51 52% 50% Cosden Oil 34% 34% 34% 34% Corn Products. 101** 99% 100% 98% Crucible Steel.. 01% 59% 00% 00% Cuban Am. S.. 20% 19% 20 19% Cuban Cane S.. 10% 10% 10% 10% Del. A Hudson.. 108% 107% 108% ! Del. & Lack 113* . 113*/. 113%. 113% Erie Ist pfd 14’.. 14% 14% Famous Players 80% 73% 78% 79% General Asphalt 58% 57% 58 57% ' ♦General Cigars 70 70 70 73% [ Gen. Electric... 143% 143%, 143% 14*% General Motors. 8% 8% 8% 8% j Goodrich 37% 37*4 37% 37'- i Gt. North, pfd. 73% 73% 73% 73% j Houston 0i1.... 75% N 75 75 75% Gulf Sts. Steel.. 77 70 70 09% * Haskell-Barker. 84% *3% 84% 83% Illinois Central.lol 100% 101 * Inspir. Copper.. 40% 40% 40% 40% Invincible Oil.. 15 14% 15 15% Indiahoma 3% 3% 3% 3% Inter. Harvester $3% S3 83% S3 Internal. Ni kel. 12% .12% 12% 12% Inter. Paper.... 50% 49%. 49% 49% Isl* Oil & Trans. 32% 3.3 , K. C. Southern. 22% 22% 22% 23 Kelly-Spg. Tire. 37% 37% 37% 37% Kenneeott Cop. 29% 29% 29% 29% Lacka. Steel.... 48% 47 48% 48% Lehigh Valley.. 59% 58% 59% 59 Lee Tire 28% 28 28 28Vi Loews, Inc 13% 13 1.3 13% L. & X 1.13’i 112% 112% ... May Stores ....100% 100 loti*- 100% Marine Com. .. 11% It 14% 11 Marine pfd. ... 00% 05 05 % 01% Mont. A Ward.. 14% 14 11% 14% Mex. Pet 113* t 111% 113 112% Miami Copper .. 27% 27% 27% 27% Mid. States Oil. 12% ’i% 12% 12% Midvale Steel .. 32 31 31% .31% Missouri I’a<\ .. 10% 10*4 10*-j 10% Mo. Pac. pfd. .. 45 45 45 * 45% Nat. Eu. a St... 30%. 36 .36% 35% National Lead . 90% 89% 90 * 90 Nev. Con. Cop. . 15% 15 15% 15% N. V. Central.. 74 73% 74 71 • New Haven 15% 15% 151, 15%, Norfolk ,t West. 99 99 99 fls% j North. Pacific . 77% 77 77*; 77.! Pacific Oil ... 40% 43% 40% 40s i Pure Oil 05% 35 145 35% ! Pail. Am. Petro. 52% 51% 52% 52 I I’enna. Rv ;;)% ot 34 34*4 | People's Gas ... 7ti 09 09 09% ' Pierce Arrow .. 10 15% 15% 15'/. i Pierce Oil Cos. .1> 9% Jo ' ]o " ! Pittsburgh Coal 00 Cos 09 Pull. Pal. Car.. 113% 111% 11.4 111% Ry. Steel S. ... 90% 90% 90% 93 Ray Copper ... 15% 15 15% 15% 1 Reading 7i 72% 7-3 1 > 70 : Rep. I. &S. ... 55% 5i% 51% 51% , Rep. Steel 33% 01% 0,2% 32% \ R. I>. of -V Y. . 59% 50% 50% 50% j Sears Roebuck . 02% 02 02 02% Sinclair 20 .19% 20 20 S-Slieff S. A 1. 27 27 * 27 27 So. Pacific 81% 81*4 si% So. Railway .... 18% 17% 18 IS Stand. Oil (Cal.) 95% 94% 94% 95% Sf.L. A S.F.eoui 22 21% 21% 21 % Strom. Cart.... 40 39% 39% 40 Studebakep .... 88% 87% 88*4 87% Tex. Coal it Oil 24% 24% 21% 25 Texas Cos 45 44% 41% 45 Tex.G.t Sulphur 11% 41 41*2 42 Tub. Prods 04'% 04 04 03% Trans. Oil 10% 10 10 JO% i Union Oil 19% 19% 19'% 19% Minion Pacific...l29 128*2 12!* 12'% i I'nt. Ref. Stores 55*4 54% 5)% 51% 1 I'. S. F. I’. Corp. 7% 7% 7% 7% Cut. Fruit Cos.. 128 127% 127", 127 F. S. In. Alcohol 43 42% 42% 42% U. S. Rubber... 55% 55 55% 54% F. S. Steel so*. 8.5*5 8.; 85% U. s. steel pfd. 110% 110% 110% 117 ! Utah Copper.... 64% 03% 03% 03% ; Vanadium Steel. 35% 33% 35 .33% ! Vir.-Cnr. Chem.. 29 29 29 29 1 Wabash 0% 0% 0% 0% I Wal>. Ist pfd... 20 20 2o 19% White Oil $% >% •s% 8% West. Union 92 92 92 92 West. Electric.. 51 50% 50% White Motors... s% 58% 38% 39% Will’s overland 5% 5*4 5% 5% Worth, rump... 40% 40% 46% 40%

NEW YORK LIBERTY BONUS. —.Ten. 2i— I’rcv. High. Low. Close, close. L. It. 3'As 90.60 90.42 90.60 96.50 L. It. Ist 4s 97.30 97.30 D. IS. Ist 4As .. 97.60 97.54 97.54 97.54 D. B. 2nd 4', a s .. 97.14 96.9(1 97.16 97.10 L B. 3rd 4As . 97.78 97.00 97.6s 97.50 L. B. 4th 444s .. 97.30 97.12 97.24 97.24 Victory 100.12 100.12 Victory 4%s ....100,10 100.12 100.12 100.1 C CHICAGO STOCKS. (By Thomson A McKinnon) •—.Tan. 24 open. High. Dow. Close. Am. Sbipbuild.. 87"i Arm. iV. Cos. pfd. 93% 94 93 93 Armour Leather l'-’ 1 !! Case Plow 34*1 i C.C. & C.Ry.pfd. c.% ! Earl Motors 3% 3% 3<i 3(6 t Libby-MeNeill . 5% | Mont. Ward 14 I Natl. Leather... 2 r ,' ; 2% 2% 2% ! Pick A- Cos 25A 2344 23 23 j I’iggly Wiggly A 3446 3116 34 34 • luaker oats 99 ; Stewart Warner 27 27 2044 27 Swift Ac CO 99% Swift inti 21 Vs 21(4 21 21 j Thomp. (J.R.).. 4o 40% 4044 4044 i Tcmtor Corn A. 3A .... I Union C. & C... 4544 4546 45 45 | Wahl 50 59% 5844 5946 | Wrigley 100 Yellow Taxi 6044 01% 00 ©Ha NEW YORK WOOL. NEW YORK, -Tan. 24.—W00l prices ruled strong in trade on the market here ! today. Domestic tieece, NX Ohio, was ' quoted at 24fg,10c per lit; domestic pulled, scourid basis, at 15(0,67c and_Texas domestic, scoured basis, at 40©75c. NEW YORK METAL MARKET. NEW YORK, Jan. 24.—Copper— Dull; spot. January and Febuary, 12 44(2.13c; I March, 12%@1346c. Lead -'iuiet; spot, January and Febuarv, 4.70©4.8i)c. Spelter —-weak; spot and January, 4.57 44@ 4.07 44c February, [email protected]. CHICAGO PRODUCE. CHICAGO, Jan. 24.—Butter—Receipts, 8.700 tubs; creamery extras. 34c; firsts. 29 (<(.',sr; packing stock, ISfrilTc. Eggs— Receipts, 9,300; current receipts, 37® 38c; ordinary tirsts, 33(y:35c; tirsts. 39c; checks, 274i 28c; dirties. 29.Vi.30e. Cheese — Twins, new, 19%c; Daisies. 20© 2044 c; Young Americas, 204-6©2lc; Bricks, 1544 c. Live poultry—Turkeys, 35c; chickens, 25c; springs, 2244 c: roosters. 15e; geese, 17c: ducks, 27c. Potatoes—Receipts, 45 cars; Wisconsin®, $2<f?:2.25 per 150-lb. bag; Miehigans, §2.20; Minnesota Red Rivers, §2.00. CLEVELAND PRODUCE. CLEVELAND, Jan. 24.—Butter—Extra in tub lets, 4046©41c; prints, 41*4?42c; extra firsts f,'.) 44 ©10c; tirsts, 38*®. 39c; seconds 33 44 ©,34c; packing stock, 18@ 20c. Eggs—Fresh gathered northern extras, 43c; extra firsts, 42c; Ohio firsts, new cases, 3Sl4c; old cases, 3Sc: Western firsts, new cases. 39c. Poultry-—Live heavy fowls, 24@27c; spring culls, IS© 20c; spring ducks. 274? 30c; turkeys, 30c. Potatoes —Ordinary, 3.30<g3.50 per 150lb. bag; Miehigans. §2.95 per 150-lb. bag; TF.ariy Chios, $2.10 per 120-lb. bag. Sweet ■'otatoes Jerseys, [email protected] per hamper.

STOCKS SUSTAIN IRREGULAR CLOSE Sugar Issues Show Advances— Gulf States Steel Recedes. NEW YORK, Jan. 24.—The stock market closed irregular today. Trading became a little brisker In the last few minutes, some issues receding from their best figures, while others showed an advancing tendency. American Can was a later feature, selling up 1% points to 30%. Sugars were in demand, Manati selling up to 48, a gain of over 7 points. Steel common showed a slight gain I at 80. Gulf States Steel receded 1 point from ; its high, closing at 70, a net gain of 6% poitus. Government bonds were unchanged and railway and other bonds irregular. Total sales of stocks for the day were 527,300 shares; bonds, $13,054,000. (By Thomson & McKinnon.) —Jan. 21. There was just a short period of uncertainty iu tne stock market during the first hour today. There was a moderate amount of profit taking and a little professional selling, b'ut the market displayed such excellent quality that pressure soon ceased and new buyers were encouraged to enter the market. t . As the day progressed, commission houses were more active, supplying buying orders for a considerable variety ot issues and again demonstrating the fact that the public are taking kindly to the market. There is now a very decided sentiment throughout the country that it is ouiy a question of time when business will again become very active and this idea is being strengthened by the constant reiteration of optimistic views by tlie leading men of the country. This morning we were favored with expressions from Secretary Hoover and by the director of the War Finance Corporation, who summarized conditions in the statement that we have iu the United States everything fundamentally necessary to restore prosperity and that conditions are tending in that direction. We also had some encouraging reports of trade development, published by a b> cal news bureau, calling attention to an increasing volume of business for tne steel companies, increasing orders tor steel rails and we get frequent reports of substantial equipment orders that aro: being placed by the railroad compam-s. In addition to this, it is stated that the leather companies in their forthcoming' statement will show profitable operations; 'after a considerable period of adversity.; There is every reason to continue friendly towards the stock market and it ; is onlv necessary to make allowance for and be prepared for frequent reactions. TWENTY STOCKS AVERAGE. NEW YORK. Jan. 24.—Twenty industrial stocks Monday averaged 80.20, off ■j 1 per cent. Twenty active rails aver- j aged 75.50, off .18 per cent.

Money end Exchange

Indianapolis bank clearings. Tuesday, were $2,800,000; bank debits, $5,191. NEW YORK, Jan. 24. Tlie foreign exchange market opened steady today. Demand Sterling was %<_• higher at $1.22. Francs res- 1 4 points to 8.98 c for raid -s and to S.o7’ic for checks. Lire cabh wire 4.37 c, checks. 4.30 c. Belgian franc cables word 7.75 c; clie< ks. 7.7 • Marks were .0047 c. Guilder cables were 30. 10-; ; checks 30.10 e. MOTOR SECT HITIES. (By Thomson A McKinnon.) —Jan. 24 -- ( 'losing ; Bid. Ask. ; Earl Motors .2 8 Faekard com 0% 7% : Packard pfd 00 6$ j Peerless .11 Font. Motors oni 0 0% 1 out. Motors pfd n; >7 Hupp com 15% 13% Hupp pfd 91 Hen Motor car 18% 19 Elgin Motors 1% 2% Grant Motors 1 1 % Ford of Canada 200 203 National Motors 2 Federal Tru k 14% 10 I Paige Motors 13% lU, ; Republic Truck 7 7'a ACTIVE OIL STOCKS. (Ry Thomson A- McKinnon.) —Jan. 21 —Opening - , Bid. Ask. Atlantic I.obos *4 9 I’.orne-Scry mser 520 3 to Buckeye Pipe Line 90 92 U’hesebroug ii Mfg. ' >u 1 T'J P.'i ('out. Oil. Colorado 130 157 Cosden Oil and Gas 5 8 , Gres'cut Pipe Line 29 51 Cumberland Pipe Line 140 150 Elk Basin I'cte 0 0% Eureka Pipe Lino 81 1 83 Galena-Signal Oil, pfd jol 108 j Galena-Signal Oil, com 4*l 42 Illinois i’ipe Line 307 170 Indian;, Pipe Line 86 90 Merritt Oil 9 9% Midwest 'i 1 2% 3 Midwest Refining 170 ISO National 'Transit 27 29 New York Transit 142 117 Northern Pipe Line 90 90 I Ohio Oil 275 280 ; Oklahoma P. & It 5% o I Penn.-Mex. . 10 1!) 1 Prairie ('ll and (.as 5,5.5 545 > Prairie Pipe Line 23.3 258 1 ■ tSapulpa Refining 3 Solar Refining 370 399 j Southern Pipe Line Hi 84 ! South Penn oil ■ IAS 395 ; Southwest Penn i’ipe Linos, 10 50 I Standard Oil Cos. of Ind 80 80% i Standard <>il Cos. of Kan {559 575 Standard Oil Cos. of Kv 410 460 Standard Oil Cos. of Neb.... 179 185 Stamlard Oil Cos. of N. Y'.... 305 379 Standard Oil Cos. o' 0hi0.... 3so 499 Swan A Finch 39 49 Vacuum Oil 335 342 Washington Oil 39 40 NEW YORK CURB MARKETS. (By Thomson & McKinnon) ■—Jan. 24 Closing Bid. Ask. Curtis Aero com 3 4 Curtis Aero pfd IS 2.3 1 Goldfield Con 4 5 Imperial Oil (Del.) 9% 9% International Petroleum 14% 15 Ni pissing 0% (5% standard Motors 3% 4 Honopah Extension I 9-16 1% Tonopah Mining 1% 1 9-10 United P S new 1 15 10 2 F. S. Eight and Heat 90 95 F. S Light A Heat pfd.. 1 1% Wright-Mnrtin 2 5 Yukon Gold Mine C 0.... 1 1-10 1% .Torome 20 33 New Cornelia 18 19 United Verde 29 29% Sequoyah 3 0 Omar Oil 85 SO Republic Tire 19 25 Boston & Mont 64 60 NEW YORK SUGARS. NEW YORK, Jan. 2t.—With the demand good and trade active, raw sugar prices were strong in trade on tlie ex change here today. Culms were quoted at $3.86c per lb. duty paid, while Porto Ricos were sold at 3.73 c per Hi, delivered. Refined sugars were rather quiet. There were no early sales reported in j fine granulated. No. 1 soft was quoted j at 4.09@5e per lb. NEW YORK COFFEE. NEW YORK. Jan. 24.—With trade on a fair basis, coffee values were rattier easy on the exchange here today, opining options being 3 to 5 points lower. Rio No. 7 on spot sold at S T /sft.9c per pound. NEW YORK RICE. NEW YORK, Jan. 24.—Rice values were steady in trade on the market here today, domestic selling at 3%®7%c per pound. NEW YORK PETROLEUM. NEW YORK, Jan. 24.—Petroleum values ruled steady in trade on the market here today. Pennsylvania maintaining its long standing price of $3.25 per barrel. NEW YORK HIDES. NEW YORK. Jan. 24.—With trade fair hide prices ruled firm in trade on the market here today, native steer hides being quoted at 16c per jiound and branded steer hideu at 15*,4c. NEW YORK TURPENTINE. NEW YORK, Jan. 24.—Turpentines sold at 02c per gallon in trade on the market here today.

INDIANA DAILY TIMES, TUESDAY, JANUARY 24,1922.

New York Bonds

(By Fletcher American Cos.) —Jan. 24 FOREIGN GOVERNMENT RONDS. Bid. Ask. Arg. (Unlisted) ss. Sept. 1, ’45. 74% 70 Arg. 7s. Oct., ’23 97% 98*4 Belgian Cs, Jan. 1, ’25 95*4 95% Belgian 7%5, June 1, ’45 107 107% Belgian Bs, Feb. 1, ’4l 100 100% Berne Bs, Nov. 1, ’45 198 108% Brazil Bs, .June 1. ’4l IC4 194% Chile Bs. Oct. 1, ’2O 109% 191% Chile Ss, Fel>. 1, ’4l 101% 102 Chile Bs, Nov. 1, ’4O 100% -01% Christiania Bs. Oct. I, ’45 109 107 Copenhagen 5%5. July 1. ’44.. 88% 8!) Danish Mun Bs, Feb. 1, ’40....100% 107% Denmark Bs, Oct. 15, ’45... .107% 10S% "t’andlau 5%5, Dec. 1, ’22 94% 95% •Canadian 5%5, Nov. 1, ’23... 93% 93% •Canadian 6%5. Nov. 1, ’24... 93% 95% •Canadian ss, Dec. 1, 25 92% 94% Canadian ss. April 1, ’26.... 96% 97% Canadian 5%5, Dec. 1, ’27 9->% !)0 : ;< Canadian 5%5, Aug. 1, ’29.... 98% 98% Canadian ss. April 1, ’3l 97% 98 •Canadian ss, Oct. 1, ’3l 92% 94% Canadian 5%5, Nov. 1, ’33 97 98% •Canadian 5%5, Nov. 1, ’31.... 94 95% Canadian ss. March 1, ’37 95% 96% •Canadian 5%5, Dec. 1. ’37 99 100*4 •French (Viet.) ss. Opt., ’3l. 02% 03% •French 4s, Opt., ’43 45 50% French 7%5, J line, ’4l 94% 94% French Bs. Sept. 15. ’45 100% 101% Jap (First) 4%5, Feb. 15, ’25. 87% 87% Jap (2d) 4%5, July 10, ’25. 80% .87 Jap 4s, Jan. 1, ’3l 73 73*% Mexico 4s. Jan., ’54 40 ■ 41 Norway Bs, Oct. 1. ’4O 109 110 Queensland 7s, Oct. 1, ’41.100% 106% Ulode Janeiro Ss. Oct.. ’40... 100% 101% Sao Paulo Bs. Jan. 1, ’36 101% 102% Swedish os, June 15, 'SO 95% 90% Swiss s*%s. Aug. 1. '29 96% 97 1 j Swiss Ss, Julv 1, ’4O 13 115 F. K. .V-s, NOV. 1, ’22 101)Vs 100*4 F. K 5%5, Aug. 1. '29 1(H) 100*4 F. K. 5%*. Feu. 1. ’37 98% 98% Uruguay Ss. Aug. 1. ’4*s Jo) 105 Zurich Bs, Oct. 15, ’45 ]OH ,10>% Bergen 8s 105 100 ♦lnternal loans.

CORPORATION BONDS. Bid Ask ! Allied Parkers Cs 09 00% Aim. Cos. of Am. 7s, Nov., ’25.101% 102 j Ainer. Tel. A DI. 0s "25 110% 100% Am. Cotton Oil Os, Sept. 2, '24 94*4 94% : Ainer. Tel. 0s Oct., '22 100% 11*0% ! Amer. Tel. Cs, Feb , '24 101 101% Anier. Thread os, Dec. ’28..100% 101% Amer. Toil. 7s, Nov., 22 Id lot*.. Ainer. Toll. 7s. Nov.. '2.5 102% 102% ; Anaconda os, Jan., ’29 9S*s 98% . Anaconda 7s, Jan , ’29 DU/?* lot% ’ Anglo-Am. Oil 7Vis, Apr , ’25.103 ~ 103% 1 Armour 7s, July 18, ’3O 102% 102% | Atchison Gen. Is 88% 88% Atlantic Ref. o%s. Mch., '51..t0t 104% ; Bell of Pa. 7s 108*% 108% i 801 l Td. of Fan. 7s. Apr. "25 100% 101% Beth. Steel 7s, July 15, 2.3..109% 101% i Big Four Os 97 97 ] Fan. Pacific 6s, Mch. 2, ’24..151 Jsl% ! Fan. Nor. 6%a 109% 110 % ; Fan. Nor. 7s 110% 119% F. B. Q. Gen. 4s 87%. , F. B. Q., ill. 3*_■ s 81 % 81% F. B. tj., Neb. 4s 95 !)■>% ! F. It. (j.. -It. 0 1 ...s 100% 107% Cent. Arg. By. os, Feb., '27 . 90% 30% Chic. A N. \V. HI H 1' 7 ins ' I 'hie. A N. W. 7a 109; i 100% i Ful. Graph. Ss 2 5 % 29% F.ui. Gas 7s, Dec.. '22 1"l% l lt !“, Foppi r Exp. Bs, Feb. 15 "23.102 102% Copper Exp. Ss. Feb. 15. '24 .102% 102% Copper Exp. Bs. Feb. 15, ’25..104 * n 4%| : Cuban Am. Sag. >< 103% 14 Cudahy 7s. July 15, ’25 I**o% B 0 :I iu Font 7%s 103% T't I Fed. Sugar os, Nov., "24 9'% 99 ! Fisk ’l ire >s lu'2% 1"2 ’i ; Gooilrii h 7s, Apr . 25 97% 97% I Goodyear Ist Bs. ’4l 112 112% Ii; ly. iff Deli. 8s ’sl 98%. 98% I Great Northern 7- 1"7% 108 j Grand Trunk I**2% 1"'-% ! Grand Trunk o*.s 102V* 102% Grand Trunk 7s U>7% 1"> ' Gulf Gil os. Jtllv. 25 1" % JOO , I Gulf Oil 7a. Feb . 513 I<'3 103%. Heinz 7s. Dec., 550 105% I*4l * * 11. king Val. Moll . 24. . . 96% 96% 11iiinlil,' Oil 7s, Mcli. 15, '25. .10*1% lo**% 111. Cent. Ref. 4s. ’55 85% -5% I Inter. Mel. 4%s 11% 1 >% ; 1 nterlinr.i 5-' *55%. , Ini. R. T. ss, 5,.p!.. 22 5 2% >..% Kcllv-Springfield v< 191 FU% ! IF F, Term. os, Nov. 15, "23. 100 1"0% j Kenii. Copper 7s. Feb, ’SO. .102% 103 ' !.:'•• lt*i!■ * Gas 7s. Jnn . '29.... 90% !‘F I.ibliv M.-Neil 7s, May, ’sl ... 99V* 99 l A N. 7s. 107 I"' > l‘et. 8 1 100 Vi 109 I : Minn.. St. 15 A S. S. M. 6%5..1t)t 191 * Morris 7%s Ml 1"5 ' Natl. 1.-. liter ss. Nv. 15, ’23. V3% 06% I N. Y. t'enlral 7“. 530 1/6% 107 \ 5 Cel Ref. On, 11 102 -s 103% N 1 Ivii.-mn i'.'-jS, 'll 1064 k 1"6% . \„r. l’ae. I>. 1.. 4s s% m; Nor. IV: . G. L. 3s 01% *'2% Nor Pin-. 0s 107* * 107 :l i .'•ortliwi Stern Bell 7s Ms 108% I’an-Amer. I’et. 7s 97% '.‘6% l'el.ll. 44.3 195 'a M‘j'% Penn. 7s X*i*lf-j lin Philippine 5%> 'il 103% 1 4% ; Procter .V U. 7s, Mch , Procter A G. 7s, Mch., ’23.. 101’S 1"2 j R J. Reynolds os. Aug , "22.11*0% .101 : Sears■ Roebuck 7s. Get. 15, ’22.100 ! Si-are. Roebuck 7s, Get. 15, ’25. 98*i !*s % ! Sinclair 7* , Mav 15, 25 109*- 101 St. 1,.-San Fran. P. 1,. is 09% 69% St. L, San Fran AdJ. 6s 73% 73% Seaboard • '"II. 0s 4I % 41 i | Steel A Tube 7s 99% 99>, i Tidewater nil 6%s M 2 102*.a i Solvuy Cic Bs, (let., "27. . .105% )0 i i ' Southern Kv. 6s, Mch., '22... 99% 100% IS. W. B 1! Tel. 7s. Apr., ’25. .101*%. Ml s Stand. Gil (Cal i 7s, Jan . '3l 1 ( **'. , 106% S Std. Oil (N l a 7s, Jan , ’25-’3IMS 110% Std. Oil (N. Y.) o%s, May, '5,3 107* j 108 St P. F. D 5%5, Dee. 1,5, '23 99% 100'i Swift 7s, Oct. 15, '25 Ml's Ml % Suit’ 7s, Aug. 15, '3l M'2*s 102% *1 ,• xas Go 7s. Mi 11. 1, '23 101% 101% Union Tank Far 7s M2 l , 102% I S Rubber 7%s ..M5% 106% Utah See. os, Sept. 15, ”22... 98% 98% Vacuum oil 7s MO% M7‘,i V.i. Far Cliem. 7',-s. 94% 95 Western Union o%s 106% B'J Western El. 7s, Apr . 25 105 M 5% Westinghouse 7s, May, '3l. ..-KlCk 107^ Winchester 7’.aS 99*a 99’5 Wilson 7%s 90 90% In the Cotton Market NEW YORK, Jan. 21.—The cotton market opened weak and active today, showing net losses of 8 to 14 points. Liverpool, Japanese interests and the South sold, refleet lug weak cables and unfavorable reports from the dry goods market. Wall street houses were big buyers. A steady tone developed after the opening. with prices holding around initial levels. New Y'ork opening cotton prices: January. 17.30 c bid; February, 17.54 c; March. 17.30 c; May, lO.sse; July. 16.10 c; September, 30.00 c; November, 15.60 c bid; December. 15.07 c. The market was irregular in the afternoon, closing steady at a net advance of 3 points to a net decline of 5 points. —Cotton Futures — Open. High. bow. Close. January 17.30 17 17 17.18 17.15 March 17.30 37.47 17.15 17.44 May 10.88 17.10 16.76 17.05 July 16.40 10.58 10.29 10.52 October 35.80 10.00 15.72 .15.92 December 15.07 15.74 —Cotton Review— NEW YORK, Jan. 21. The news today j relating to cotton was unfavorable, parj ticularly as to conditions in Europe. English reports show a poor trade and uncertain prices. In the New England mill section there 1s now a wage controversy and there is no assurance at this time as to how soon the matter will be settled and it is certainly doubtful whither spinners from that section will enter the market to any extent unI til their affairs are adjusted, j The Liverpool market was reactionary and closed weak. Our own market again suffered in value, trade being very light and the public interest small. It does not require much of a demand, I either from siiorts or the trade, to bring j about a recovery such as we bad during the latter part of the day’s session. There is still nothing her to warrant any material increase in public interest and the market should continue as a scalping affair for a while. LIVERPOOL. Jan. 24.—Spot cotton was dull at the opening here today. I’rices were unchanged and sales around 5,000 bales. American middlings fair, 12.21d; good middlings, 10. Odd; full middlings, 10.26(1; middlings, !>.9ld; low middlings, k.sld; good ordinary, 7,51d; ordinary, C.7Gd. Futures opened steady. * TOLEDO SEED PRICES. TOLEDO, Jail. 24.—Cloverseed—Cash, $13.75; January, $13.70; February, $13.85; March, $13.50; April, $12.85. Alsike— Cash, $11.65; February, $11.75; March, $11.90. Timothy—Cash. $3.25; January, $3.23; February, $3.60; March, $3.32*%.

SWINE PRICES RULE STEADY Fair Tone to Cattle Trade— Lambs Strong. RANGE OB' lIOG PRICES. Good noofl Good Jan. Mixed. Heavy. Light. 10. 57.50 (rC 8.25 tT.VSfff 8.00 SS.2SC 8.50’ 17. 7.90@ 8.25 7.80© 8.00 8.35© 8.65 * 3.35© 8.65 B.oo© 8.35 8.65® 9.00 19- B.oo© 8.25 7.75© 8.15 8.25© 8.50 “?• 8 - 2r >© 8.50 7.85© 8.00 8.50© 9.00 “4. 8.25© 8.50 7.85© 8.15 8.50© 9.00 23. 8.75© 9.25 8.50© 8.75 9.25© 9.50 24. 8.75© 9.25 8.50© 8.85 9.25© 9.50 Swine .prices ruled steady in trade nn the local livestock exchange today, with receipts around 7,500 and the demand air - Buying was of a general nature, noth packers and shippers with Eastern house connections displaying fair demands. A fair clearance for the day was anticipated. Light swine brought 59.25ft9.00, mixed and medium, sS.7'.fe'J 23 and heavies $S,r.() til 5.7,i. The bulk of the sales for the day ranged at $'.)%;).25. M ith receipts light, the quality fair and the iP-mand good, pri-es were fully Steady to I’oc higher on all good grades of cattle. The continuation .if the cold weather also was a factor in stronger prices. There were close to 700 fresh cattle on the market and but little stale stuff, and. with the packers buying as the.- wore, it was thought that there would lie but Mw cattle left In the pens at the close of the day. Yeal prices were steady generally, with receipts dose to 50d for the day and thdemand fair. Immediately after the first hour there was a lull in trade and prices sagged somewhat, but interest was again revived by the arrival of more orders and prices closed at a bunt the same levels "8 those of the market of the previous (lay. Sheep prices were steady to strong and limb values strong to 25c higher, with the quality good and the demand brisk Receipts for the day ran close to 600 Th’ re were several sales of choice lambs at $1.3.75. HOGS. Best light hogs, 150 to ISO t lbs. average $ 9.25 ft: 9.50 Over 300 lbs 5.50 150 to ’3OO lbs s.sii’li 9 50 , Sows 6 50ft 7.25 ; Stags 0.0 6,50 Best pigs, under 140 llis 9.2'5(q 9.5*4 Bulk of sales p.oiift; 9.25 | Tops 9.50

-CuttlePrime cor.l fed steers, 1,300 to I.SOO Bis Good to choice steers, 1,20!) to 1.300 lbs 5.50® 5.23 Good to choice steers, 1,100 to 1.200 lbs 4.73® 5.25 I Good to choice steers, 1.000 to _ UOO lbs 4.50® 4.75! Common to medium steers. SO9 to 1,000 lbs 4.00 ft. 8.00. —tows nml llriferit— Good to choice heifers 0.2562 8.00 ] Medium heifers 4 2562 6.0) Common t i medium heifers . 3.75 ft 1.25 <bmd to chid’ . . iiv. . d.OOtfi' 5.00 • Fair to medium cows I.ooft 2.50 ! Cutters 1.25(0 2.5 u Cun tiers 75fj* 1.50 • —Bulls— Goiid to choice butcher bulls 3.30® 4 73; Bidiign.'i bulls 3.00(1. 3.50 1 Light being! a b;il!s 2.506{i 2 75 j Light to common bulls 2.uUjt 2.,'si —Calves — Choice Veals 13 Gift FI DO * Mod \ ais 12.00 ft 13 M 0 Medium ' Ms 1 Lightweight (eal.s S.ntlft 9.00 Common to heavyweight vi ■ 7.uo® >.uo —Stockers iinii B r Good to choice steers ur .t. >OO lbs 4.50'S 4.75 Medium cows 2.00 V. 3.50 I Good rows 3.50 ft 4 25 Good heifers 5 Ulft. 6.30 ; .'b’lllnm to good heifers 4.00;: 4.75 Milkers .. 37.00%75.00 Sliecp und Lambs— Fives *.'.’)%; 7.0 ’ Bui ks . oO t 3.50 God to choice lambs Seconds S 506(M.50 1 Buck lambs 7.00 ft. 8.50 i Culls 4.U041! 5.00 : Other Livestock fTHCAGO, Jnn. 21 Hogs Receipts, 37.000: m arket, slew and mostly 10 to 15 iiiots higher; bulk ut ssbs, s,s..io'i/9; top. ! 80.30; heavies, ss. 15 .>.70; medi.iios, 8> >1 ft 9: lights. -911 09.20; light lights. .>. 9 25; heavy packing sows, smooth. $7.25ft; S: : ■ king bowk, rough, s.'■••• 7.10; pig*, r'9ft.9.2.'i. ('attic Receipts, 11.0 K); market, barely steady to M and 15 cents lower. Reef steel’s Choice and prime, 10ft 10; medium and good. $7.15(uU.10 , good and choi •>, $7 ‘.eid;; l ommon and medium, .10(17.90. Butcher rattle Heifers. $ 1 KKi 7.7.i; cows. $3.6.. u 6.10; bulls, st2s:a6 Cauners and cutters - ( ** 1 \vs and heifers. s2M4)'d. 3.65; can tier .-t- TH, se.Fi .t. 1.25; vI•. 11 calves, 10.75, feeder steers. ss.lsft 7; storkvr •ti ers, $ * .'lOft'ti >5 ; stoeker cow sand heifers, i■Sheep and lambs -R. lidpts, 15,000; market light : yearlings 25 cents higher and ether classes steady to strong; good to choice lambs, $12.25(0 11 ’ l ull and common lambs, j" 73 'l2: yoarl ing wethers. sMft 12.75; . wo, ss.'2.Vq>; I'llll and common ewes, $2 756(5; feeder lambs', JlO.'iOJt 12.75. Cl NC NNATI, Jan 24 —Hops- Re ceipts. 4.(8.o; market, 25c higher; Icmvies, >..50'0 9.25; medium, mixed and lights. >9 75; pigs. $9.75; roughs, $7.25; stags. $1.75. Cattle—Receipts, 4im; market, steady; bulls, steady; calves. sl3ft 13 50. Sheep and lambs —Receipts. 400; market, steady; ewes, slfed.so; choice lambs, $13.50; seconds, $9ft9.50; culls, $56(7. CLEVELAND. Jan. 21. Hogs—Receipts, 1,500; market, lo to 25 cents higher; corkers, $10; mixed. $9.35(i950; mediums. $9.35; idgs, $10; roughs, $6.50; stags, $1.50. Cattle- Receipts. RK; market, steady. Sheep and lambs—Receipts, 500; market, strong; top, .>tl. Calves— Receipts, MO; market, strong; top, sl4. EAST ST. LUFIS. Jan. 24. -Hogs- Receipts, 9,009; market, 40 to 50 cents higher; mixed mid butchers. $9.25*19,50; good heavies’, $9(1.9 35; roughs. 80.50 ft 7; lights. $9.506i9.7-5; pigs, $9,256/9.75; bulk of sales, $9.30ft9.60. Cat tl. Receipts, ■1.0OO; market, Bt eidy; native beef steers, $7.5'‘ft9.25; yearling steers and heifers. s7ft'*.so; cows, $3.25(15.50; stoekers and feeders, $!(/5.75; calves, S.'ifu ll; eaniu rs and cutters, $2,506)3.25. Sheep and lambs Receipts. 2.500; market, steady; mot ton owes, ssft7: choice lambs, $96/ 13.35; ennners anil choppers, sl/03.50. EAST BUFFALO, N. Y„ Jan. 24.—Hogs —Receipts, 2.880; market active; yorkers $lO6/i 10.25; pigs, $106)1050; mixed. $0.50ft;M.25; heavies. 89ft9.50; roughs, $7 647.25; stags, [email protected]. Cattle - Receipts, MO; market steady; shipping steers, $9(i8.25; butcher grades. $76/8.25; heifers. $500.50; cows. $2.2561.5.5(1; bulls. $36/5.25; feeders. $56i:6; milk sows and springers, $256/!!2s..Calves Receipts. 125; market active; cull to choice, $56/14. Sheep and lambs Receipts, DO; market slow; choice lambs, sl36j 13.25; cull to fair, $56612.50; ygarllugs, ss6)l2; sheep, $36/ 8.25. BITTSBURGIT, Jan. 24.-Hogs—Re-ceipts, 1,000; market 25c higher; prime heavies, $9,406/9.50; mediums, $106)10.25; heavy yoikers, $10(110.25; light yorkers, $1061)10.23; pigs, $166410.25; roughs. $6.50 (</7; slags, $4601.50; heavy mixed, $9,736) id. Cattle Receipts, UK); market, steady; choice. $8,256/8.50; prime. s7.7sfts; good, $76/7-50; tidy butchers, $0,506(7.50: fair, $5,50(/t]6.25; common. $-(.50645.25; comtnon 10 flit hulls, $36:5.59; common to good fat cows. $2,256/5.25: heifers, $1,506(6.75; fresh cows and springers. $lO6/$0; veal calves, $1350; heavy and thin calves. $5 6/'9. Sheep and lambs--Receipts, 300; market, steady: prime wethers, $56)8.50; good mixed. $7,256/7.75; fair mixed, $6 6/)7; culls and commons, $2.506(4; choice litmbs, $13.73, INDIANAPOLIS PRODUCE. k „ kß _Loss off, 27(a.30c. Butter -Packing'’stock, 156J17C. Poultry—Fowls. IBC4I 23c; springs, 19@23e; cocks, 14@12c; sta"-s 136) 15c; capons, 1 lbs. and up, 33e; capons, under 7 lbs., 2'Jc; capon slips, 7 IPs and up, 27c; capon slips, under 7 lbs., 23c- young hen turks, 8 lbs. and up, 3Uo; i voting tom turks, 12 lbs. and up, 35(q.39c; old torn turks, 316/32c; cull thin utrkeys not wanted : ducks, 4 lbs ami up, l(i6(19c; geese 10 lbs and up, 14@16c; sijuabs, 11 lbs’to dozen, $5; young guineas, 2 In. size, per doz., [email protected]; old guineas, per doz., $3(03.50. Butter—Local dealers are paying 37c per Jb. for buffer delivered In Indiana rolls. Butter Fat—Local dealers are paying 32c per lb. for butter fit delivered in Indianapolis.

GRAIN MARKET TONE IS FIRM Strength Based Upon Reports From Buenos Aires. CHICAGO, Jan. 24 Grain prices closed: irregular on the Chicago Board of Trade ! today. Trade was light and the lirm tone ' of the market was based on reported j strength in Buenos Aires. There was! little local selling. Cold weather continued to prevail oyer the winter wheat territory. Provisions were also irregular. May wheat opened up %e at $1.16% and closed unchanged. July wheat opened at $1.62%, up %c. closing off %c. May corn opened up %c at 53%0, closing i:p %c. July corn opened up %c at 35%e and closed off %c. May oats opened at 39%c,"up %c, and cl seil off %c. July oats opened at 40%c, ip %c, closing off %c. (By Thomson & McKinon) —Jan. 24 Wheat—The early strength in wheat was in response to further firmness In Liverpool and Argentine markets, but there was not sufficient new business to absorb tiie realizing sales which were euc ountered. The market, toward the last, suffered more from general dullness than from any item of news or great volume of soiling. No export business lias been reported, but the Winnipeg market has ruled relatively firm and the seaboard . says tlfut the American Relief Association is asking for Diels on flour and, also that Greece is in the market for around one million bushels of wheat. The flour trade, locally, is reported as improving, a feature being that new orders specify immediate shipment, which, naturally, suggests an exhaustion of supplies on hand. Tim movement of wheat to market in tlie Southwest is the cleaning up of country elevators anil is expected to decrease within a short tim- as it is becoining increasingly difficult to btry from the producer. Apathy on the part of the iliv ’tor m; y delay response ' f the market to the urgency us European requirement, hut v.e feel that the domestic trade must improve, thereby furnishing anew having power ‘n the entire market. Corn and Cats—The er.rl.” strength In wheat was reflected in both corn and oats, but the slight advance in price increased the offerings of corn from the country. Both markets dragged later ! under an absence of nev business, one East, rn exporter says that Canadian cats now hold at Buffalo are being cleaned up. says also that United States oats are ' heap r than the hi tter grades of the 1 Canadian sort. This being so. there is | possibility of some export trade in this | grain. Corn values would he better if ‘til" country were not selling so freely. • 'its will improve with any broadening ! of the shipping demand, j Provisions— R. alizing sales were in tlie j provision market and there is less ineli- ; nation to follow the advancer. i:i hogs. I Toe market seems to haw made its best j prices for the time, hut dcubi if any 1 real weakness will appear.

CHICAGO GRAIN TABLE. - Jan. 24 WHEAT— Open. High. I.ovv. Close: Mav Flo'-. 1.16% I.lo*l 1.16% July.... 1.''2% 1.02% 1.01% 1.01% CORN— Ma.v 55% .53% .55%. .53% July 35”, .55% .55% .55 2 i OATSMe.*' 39% .39% ' .39% .39% I July 49% .40% .39% .49 roiiK—•Jan 17.20 LAUD—•J at: 9.75 May Pl 7 10.17 M.'q lo.'n RUSS .1 11 920 9.20 9.15 9.15 Mav.... 9.30 9 35 9.22 9.20 RYE* Mav 86 L. >7% $5% .85% ! July... .79%. .79%. .79 .79 | •Nominal. < 111 (’AGO ( AMT (.RAIN, CHICAGO. Jan. 24.—'Wheat—No 2 rul. : $121%; No. t mixed, Sill's; No 5 1 mix il. sl.Ol. Corn- No. 2 mixed, 50c; No. 2 white, s‘tc; No 2 v. How, la 5 N 3 m 1. 48*.,(: file :No 3 wbite. i' 1 .. 0 19c; f-o. 3 yellow, 4>%ftU'.’' No. 1 mixed. 47'jc; No. I white. 47'j(/ls’: No. 4 yellow. 47 %ft !>%•'- (ats No. 2 Wilite, 37%ft.2>%a No. 3 while, 31%ft 35%c; No. 4 white, 33%ft31c. TOLEDO GRAIN PRICES. TOLEDO. Jan 24.—Wheat—Cash, $1.24% ' (it 1.20%; May. $1.29; July. sl.‘>7%. Corn 1 a,a. .52.ft.51i-. (>ats -F;i>!i. ’oft 12c. live -Fash, $6. Barley Cash, 65.-. PRIMARY MARKETS. (By Thomson it McKinnon.) Jan. 24. — -RECEIPTS— Vheat Corn* Oats St Joseph .... 11.000 43,000 0,001) Chicago 44,000 1,539,000 230,000 Milwaukee .... 3.ihhi 110.000 70,000 Miumapulis ..203.000 60.000 83.000 Duluth 62U110 43.1KH) 30,O() Sr I.ouis 73,000 125.000 112.000 Toledo 29.01 cl 0,000 Detroit 1,000 10.000 24.000 Kansas I’itv . .230,000 (58.000 7,000 IVeria ........ 0.000 120.000 63.000 om;i)i:i 29.000 57.000 46.000 1 1: <1 ;.t :i;i polls .. 7,000 IU'.MKIU U2.09') Totals 672.009 2,321,000 709,000 Y.-.ir ago . $% 000 2.253.mi0 055,000 —.SHIPMENTS— Wheat Corn Oats St Joseph 12,00a 50.000 2.000 Chicago Il.iBB 785,000 215,000 Milwaukee $(88.1 137.000 37.000 Minneapolis ...135,009 59.000 70,000 D ninth 3.000 St. Louis 102.000 125.000 67,000 Toledo 4,000 32.000 Detroit 4.000 2.(88) Kansas City ..113,000 19.(810 9.0(8) Peoria 6,000 113,0(8) 64.000 Omaha 25,000 161,000 20,000 Indianapolis 28.000 20.000 Totals .... 422.000 1,r.19,0<8> 78)3.000 Year ago .. 67>,000 BS9.(KW 501.000 ' —CLEARANCES— Wheat Corn Gats New York 306.000 10,000 Philadelphia .. 30,1810 81.000 Now Orleans 17.000 Totals 30.000 404,000 16,000 Year ago .. 416,000 76,000 5,000 INDIANAPOLIS CASH GRAIN. —Jan. 24Biils for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat Steady: No. 2 red, $1 20(11.28. Corn —Firm; No. 3 white, 506/stc: No. 1 white. 496/50e; No. 3 yellow, 49%6)' 50%c; No. 4 yellow. 4s*.'.ft 49%e; No. 3 mixed, 48%6/%9%c; No. 4 mixed, 47%ft 481 'e. Oats—Firm: No. 2 white, 35%@39e; No. 3 white. 37* jft 38c. Hay—Weak; No. 1 timothy, $17(ff17.50; No. 2 timothy. Sit! 506)17; No. 1 liglit cloveff mixed. [email protected]; No. 1 clover, $10.50 6719.50. •—lnspections— Wheat—No. 3 red, 2 cars: No. 4 red, 1 car; sample, 1 car; total. 4 cars. Corn—No. 1 white, 1. car; No. 3 white. 9 cars; No, 4 white, 15 cars; No. 5 white, 7 cars; No. 1 yellow, 1 car; No. 2 yellow, cars: No. 3 yellow, 20 cars: No. 4 yellow, 20 cars; No. 5 yellow, 8 cars: No. 6 yellow, 9 cars: No. 3 mixed, 1 car: No. 4 mixed, 1 car; No. 5 mixed. 3 cars; sample mixed. 2 cars; total, 100 cars. Oats—No. 2 white, 8 cars; No. 3 white, 8 cars; No. 4 white. 6 cars: total. 22 cars. Hay—No. 2 timothy, 2 cars; No. 1 clover mixed, 1 car; total, 3 cars. HAY MARKET. The following ere the Indianapolis prices for hay by the wagon load. Cei livored: Hay-Loose timothy, $16.00@17; mixed hay, sl3ft;lH; baled hay. SI7QIB. Oats—Bushel, new, per bushel, 32@35c. Corn—Old. per bushel. 546£60c.

31^

Weather

The following table shows the state of the weather at 7 a. m., Jan. 24, as observed by United States Weather Bureaus : Station. Bar. Temp. Weather. Indianapolis, Ind.. 30.73 10 Snow. Atlanta, Ga 36-38 38 Rain Amarillo, Texas... 30.40 20 Cloudy Bismarck. N. D 30.58 —l6 Clear Boston, Mass 30.54 0 .Clear Chicago, 111 30.78 4 Clear Cincinnati, 0hi0... 30.72 10 Snow Cleveland. 0hi0.... 30.74 6 PtCldy Denver, Colo 30.52 20 Clear Dodge Citv, Kas... 30.60 14 Cloudy Helena, Mont 39.32 12 Cloudy! Jacksonville, Fla.. 30.32 4S Cloudy! Kansas City, Mo.. 30.72 10 Cloudy Louisville, Kv 30.70 14 Cloudy j Little Rock, Ark.. 30.54 26 Cloudy: I,os Angeles, Cal.. 30.20 50 Clear I Mobile. Ala 30.28 50 Cloudy j New Orleans. 1.a.. 30.30 50 Cloudy New York, N. Y.. 3062 12 Clear Norfolk. Va 30.60 26 Cloudy Oklahoma City.... 30.62 1$ Cloudy Omaha. Neb 30.76 0 Clear | Philadelphia, Pa.. 30.64 14 Clear Pittsburgh, Pa 30.70 6 Clear Portland, tire 30.20 34 Ram Rapid City, S. D... 50.48 4 Clear Res burg. Ore 30.31 42 Rain San Antonio, Texas 5036 40 Rain San Francisco, Cal. 50.30 40 Clear St Louis, Mo 30.74 10 Cloudy St.' Paul. Minn 30.84 —lB Clear Tampa, Fla 30.36 60 -Cloudy! Washington, D. C. 30.64 16 Clear AYE A rilEB CONDITIONS. Temperatures are still below zero over most of the country from the middle Mississippi A'ailey northward, although the readings are from 19 to 20 degrees higher over the entire Northwest. It is colder in the upper .Mississippi Valley, and a little warmer thence southward to the Ohio River, but generally eohler again In south'rn and eastern sections. Mostly cloudy weather prevails this morning from the gulf coast to the Great Lukes, with light precipitation in nrotis ovi r tluut region. At 7 p. m. Monday snow covered the northern tiers of States generally to about the fortieth parallel, and depths of nhout one-half inch extended soißhward over Kansas and Oklahoma. In the northern States the depths ranged from one to live inches generally. In Indiana the cover is confined to the northern half, where it ranges up und slightly over seven inches in depth. INDIANA HIGHWAYS. Snow covers 1 -*aetieal!y all the highways in tlie northern and central portions of the State deep enough so make surfaces smooth unit somewhat slippery. In tiie southern third the snow cover is less, and unimproved read surfaces are rong'i hut frozen, and some iec Is reported in tlie extreme south.

Local Stock Exchange

—Jan. 24 STUC”- S, Bid Ask Ind. R.v. &. Light com 60 ... j Ind. Ry. A Light pfd 75 T. 11 T. A I-, pfd 63% ... liidpls. A N. AV. pfd 6" ind "is. St. Rv 40 4a | Iml ids. A S. E. pfd 60 T. H. T. AE. pfd 64% ... j T. H. T. A E. com 5 T. 11. I AE. pfd 10 1 F. T. of Ind. com 1 ! F. T. of Ind. Ist pfd * ... F. T. of Ind. 2d pfd ... Ad v a nee-R timely-pfd. 32 ..1 j Am. Croosoting pfd.’ 92% ... Am Central Life ...'.■ 175 ... Belt. K. It. tom 60 71 •Beit R. K. pfd Century Bldg. Cos. pfd 93 citizens Gas Cos :..% 27% City Service com 170 C.:y Service pfd 51 0 Advance-Uumt ly com ... D ni go Mfg. ( >.’ I'fd Ilme Brewing 43 ... Ind. Hotel com 65 ... Ind. Hotel pfd 97 ... Indpls Nat. Ins. ( 3% Ind. Title Guarantee Cos 71 Indiana I’ipe Linos .$5 ... Ill'ipl.s.vAbaCtolr pfd 41 1 j ... 'lr.ipls. Gas 49 Irtdpis. Tel. coin 2 ... Indpls. Tel. j'fd 90 Mer. Full. Util, pfd 48% 32 Nat. Motor Car Cos 3 I'ub. Bav. Ins. Cos 4% ] Haul) Fer. pfd. 46 Stand, Oil of Indiana 85 ... Sterling Fire Ins. Cos 7 8 Van Camp Hdvv. psi! ... Van Camp Backing pfd ... Van Camp Brod. Ist pfd Van Camp Broil. 2d pfd Vandalia Coal Cos. com 3% Vuululia Coal CO pfd. .... 5% 9 Wabash By. pfd. 19 Wabash Ry. com G BONDS. ! Broad Ripple 5s 60 65 ! Citizens .st. Ry 5s 72 74 - Indian Crk. Om! and Mine 100 Ind. Coke A Gas 5s 86 : indpls. C. A S. 5s 91 Indpls. A Martiqsvillc os .... 57 Indpls. 8; North. 5a 36 41 ’ indpls. A N. AV. 5s Indpls. A S. E. 5s 45 ; indpls., Shelby A S. E. ss. ... 75 Indpls. St Rv. 4s 58 03 T. 11. I A E. os 50 F. T. of Ind. 5s Citizens Gas 5s 83 Indianapolis Gas C 0... 82 Kokomo, M. A AV. 55..*7 83 ... Ini!. Hotel Cos. 2d 5s ! Indpls. I. A 11. 5s 85 90 llndpls. Water Cos. 5s 92 Indpls. Water Cos. 4%s SO Mer. Tel, Ist 6s 80 Mer. Tei. Ist Cs 9(1% ... Mer. Tel. Ist 6s 96% . ... New Tel. L. I>. 5s 91 Sou. lud. Bower 5s BS% League of Nations Coin Real Midget LONDON, Jan. 24.—Perhaps the smallest modern gold coin in the world has j recently l/ecn minted nt Geneva. It Is known that the budget of the League of Nations is calculated on the basis of the goid franc, which normally has no separate existence. One gold franc has just been made ns a specimen. Its weight is, about a fiftieth of an ounce. h’he coin lias been presented to Sir Erie Drummond.

Market Position of Most Active Stocks Embodied in analyses which are contained each week in the “Current Market Review n Full reports just off the press on RAILS INDUSTRIALS OILS MINING Atchison Famous Players Cosden Anaconda N. Y. Cent Allis-Chakners Middle States Chile Nor. Pac. Gen. Electric- Texas Cos. Kenneeott Union Pac. Westinghouse Pacific Oil Smelters Complete comprehensive analytical reports on the above cr other active listed stocks will be sent promptly and without cost or obligation. II rit at once for NT-89, as supply is limited E. Fuller & Cos. Established 2915 Members Consolidated Stock Exchange of N. Y. 50 Broad Street, New York (Direct Private Wires to All Principal Markets)

CITIZENS GAS STOCK sale 415 aLBi TODD

OUTLOOK FOR STEEL INDUSTRY IS IMPROVING Automobile Concerns Order More Freely, Stocks Having Been Liquidated. PRICES ARE STEADIER Special to Indiana Daily Times and Philadelphia Public Ledger. PITTSBURGH, Jan. 24.—The passing of th middle of the month and the completion of inventories and year-end com-| pilations brought a somewhat better demand for iron and steel products last week. This has been most noticeable in the lighter materials, which usually pass into consumptive channels through jobbing and warehouse interests. Another important development has been increased steadiness iu prices. The heavy tonnage products are more confidently quoted at $1.50 base than was tlie case recently, and on bars and structural chapes the claim is made that some busin ss has been entered as high as $1.60. There continues to lie some doubt as to the real basis of plates, makers as--1 sorting that $1.50 is minimum, while ■ buyers are equally firm in their insisI fence that $1.40 can be done 6n real orders. In the Pittsburgh district operations remained about stationary gave for some increase iu operations of sheet ..ils. | The outlook apparently is for slow 1 revival of demand in many lines. Con- ; tracts placed insure comfortable oper- ! ations of tin plate mills for some time, 1 "".I bett r things are expected from the 1 building trades. The automobile indus- | try has liquidated the great bulk of its i stocks of steel and is ordering from I mills somewhat more freely. Big iron has been a trifle more aefive. 1 A sheet mill has bought 500 tons at i viS tbe low price quoted the last few j weeks. In semi finished steel some sales if sheet bars are reported at S2S. but in small lots. Some of the sheet companies are taking shipments in excess of their needs against a larger roliing schedule later. For wire rods a relatively good movement is developing for export and makers of merchant bars have generally taken a stand "nt to cut the $1.50 price. | . ■ j prospective 'ructural steel work.—Copy- : right, 1922, 1 7 I’ublic Ledger Company.

DOLLAR RAILS WEAKEN ON FOREIGN MART But Little ImproAement in Tone to Trade Could Be Ascertained. MONEY RATES HARDEN LONDON, Jan. 21.—There was but tittle improvement iu the lone to trade at the reopening of the stock exchange yesterday, but buoyancy in some quarters and the immediate success of the AugloBersian issues kept dealings from being altogether trull. British funds resumed their advance in the gilt edged market, while in foreign bonds a quiet tendency ruled, but wittt some signs hardness in prices. Home rails showed an easy tendency and dullness. Dollar rails ' weakened slightly, Canadian Pacifies falling to 447. Foreign rails were irregular. Industrials had several strong spots, including some advances in iron, steel and engineering. The nit market had anticipated the te Anglo Persian Mexican Eagles were 3 23-32, shell* 4%l ♦ African minings were neglected, pending further strike news and Americana slumped in several iastames. Lombard street rates for credit hardened slightly. Overnight mor:y went up to 3% per cent and tix*’.,es vv -re 3%. Bar silver was tmeb’-.geil at 34%d and 31*.-d for both at.-., and forward.—Copyright, 1922, by I’ublic Ledger Company. Pershing Shaved as King Albert Waited PARIS, Jan. 24—Under the heading, “Military Eactitnde,” the Paris Midi prints the following: "On his recent visit to Europe General Pershing returned to France from London i and the authorities who waited him at Havre were greatly astonished to see him i debark at the exact hour appointed. For j General 7 Pershing, apart from his emi- ; nent organizing qualities, has one tiny j fault. lie has no notion of time, a thing j that was often the despair of Marshal retail;. “In July, 1919, General Pershing was due to meet King Albert of Belgium in a small village in the north. The hour approached, the king's train came into sight, but the general was not there. The corn- | mlssaire at the railway station became I worried and telephoned. An officer i attached to Pershing's staff replied: “The general is shaving himself. Keep | the king busy In some way for a quarter j of an hour!’’ | “And during a quarter of an hour the royal train executed maneuvers upo* the side tracks until General Pershing/ arrived to received the king.” \ WIRELESS FOR AEROPLANES. TARIS, Jan. 24.—Every passenger aero, plane in service between Paris and England will have to Ue equipped with wireless telegraph apparatus hereafter.