Indianapolis Times, Volume 34, Number 227, Indianapolis, Marion County, 1 February 1922 — Page 12

12

TRADING LESS IN VOLL T ia 2 AND GAINS JSLIGHT Consolidated Gas Dividend Supplies Chief Incident on ’Change. SPECIALTIES FEATURE Special to Indiana Dally Timea and Philadelphia Fubli# Ledger. BY MONITOR. NEW YORK, Feb. I.—Trading in stocks showed a further falling off In volume yesterday and the result was a dull market with a rather firm undertone. Most of the changes were fractional in character with a slight preponderance of advances. The chief incident of the day was provided by the unexpected announcement of the regular dividend on Consolidated Gas as a resuit of the declaration of an extra dividend by the New York Edison Company. The stock promptly recovered and closed at a sharp net gain. Other strong features of the market were furnished by such specialties as American Ice, Corn Products and International Mercantile Marine preferred. National Lead also was frrm and Kresge sold higher than at another time since the payment of the stock dividend. Gulf States Steel was again active and strong. The general list moved within narrow limits. There was a moderate volume of profit taking, and the usual in-and-out professional business which gave the market a drifting and listless appearance. Sentiment Is rather cautiously bearish, although certain minor developments have modified the pessimism so much in evidence toward the close of last week. For one thing, the strength of exchanges has had a stimulating effect on sentiment. Some of the railroad reports are making an unexpei tedly good showing. There also appears to be f a possibility that the United States may participate in the economic conference at Genoa. The declaration of the regular dividend on Studebaker had no effect on sentiment. The report of the steel corporation far the last quarter of 1921 shows little variation from the average Street expectation. If anything, it is a trifle better than anticipated, but it reflects the ability of the big corporation to weather a most trying period without making a distinctly unfavorable showing.—Copyright, 1922, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. Save for the advance in Kresge to .t new high level, for the present movement, yesterday's market was a listless affair until fifteen minutes before the close when, unexpectedly, it was onnounecd the regular quarterly dividend of $1.75 per share had been declarer! t,y directors of the Consolidated Gas Company. This brought some short covering into the general list. Payment of the Consolidated Gas dividend at this time was made possible, according to an official statement, by the declaration of au extra dividend of $2 per share by the New York Edison Company, ail of toe stock of which is owned by Consolidated Gas. The price of the latter, which declined 5 points Monday on the failure of the United Supreme Court to render a decision on the legality of the company's rate advanced to the j same extent yesterday on the unexpected action of the directors. Knowing that the statement of the United States Steel Corporation would be made public- after the close of business, traders hesitated in making new commitments on either side of the market, and in fact there was a general inclination to even up such trades as they had open. This accounted for the somewhat firmer tendency in the market just before the close when short covering was in evidence.

The statement of the steel corporation la decidedly favorable, although the figures are about what had been expected. For the quarter ending Dec. -11, net, after taxes, was $19,012,033, as compared with $18.915.058 in the previous quarter and $13,877,802 for the last quarter of 1920. The surplus available tor dividends in the December quarter, after taxes and charges, was $7,377,50l equal, after the preferred dividends to 21 cents per share on the common. This compares with $5,693,190, or $1.38 per share on the preferred in the preceding quarter which was 17 cents per share less than the preferred requirements. In the last quarter of 1920, net earnings were $27,140,148, or $4.09 on the common after payment of preferred dividends. The regular dividends on both the common ttud stocks were declared. Trie professional element has paid more attention to the character of tlie buying and selling of the steel stocks than to estimates of earnings. In Unitq I States Steel, the spiling, during the past week lias been of better quality than the buying. Yesterday the st ulf sold gt 85 and closed there, the lowest quotation recorded since the demonstration in the steel stocks ten days ago. what is true of the trading in United States Stee.. is true also of the independent steels. Firms which nave been active tl tin claim -that the buying has not been for interests identified with the several tompanies involved. Gulf States Steel has proved that it now is in the class of so-called “vest pocket" stocks, its movements being under the control of professional operators. While the rest of the market was lethargic, the price was advanced about 6 points on a limited volume of trading, it was said that buying was due to the return tp this city of n group of New York bankers who have been inspecting the property. American Ice was one of the specialties which advanced to anew high -record under buying by the same speculative interests which have been active in it. While there is talk of a stock dividend, In usually well informed quarters this is deprecated as being premature but the possibility of Increasing the annual dividend rate' from $7 to $8 at the next meeting Is admitted. Directors of the Studebaker Corporation met yesterday and declared the quarterly dividend of 1% per cent on* the stock of that corporation. During the advance recently, reports cere current that an extra dividend would be declared. It was pointed Out at that time that such action was not contemplated at this meeting, but it is confidently expected that later in the year, if business conditions warrant, extra payments will be made to stockholders. Both Studebaker and Chandler were under pressure, and showed little rallying power. The oil stocks were under pressure In the early dealings, but yhen traders found little real stock coming into the market, they turned to the iong side with the result that Mexican Petroleum, which led the upturn, advanced nearly 2 points, and the others in proportion. Directors of the Pure Oil’ Company announced the declaration of the regular quarterly dividend of 2 per cent, hut rally in the oils already was under way, pnd .he action was without market effect. The policy of the Erie Railroad Company in leasing its ear shops at various points to private companies, is lng broadened. It was announced that the Seminole Construction Company of Buffalo has leased the shops of the company in that city. Railfoad executives are watching the experiment with interest, and if it proves successful, it is indicated in some quarters that the practice may become general. In shipping circle? it is said that transatlantic and transpacific freight movement during December from this country showed an increase of approximately 23 i>er cent over the previous month. This was taken as an excuse by the group operating in Internationa! Mercantile preferred to advance the price of their specialty above 69, anew high record for the present movement. The report of the Inland Steel Company for last year is about in line with expectations in the financial district. Net. after charges and taxes, in the report made public, is $510,728. equivalent to 50 cents per share on the $25 par value stock. This compares with $4.07 per share earned In 1920. The directors declared the regular quarterly dividend of 25 cent* per share.—Copyright, 1922, by Public Bc-ir-er Company.

N. Y. Stock Exchange

(By Thomson & McKinnon) —Feb. 1— Prev. High. Low. Close, close. Adv.Kunt. com.. 11% 11% 11 Vs Ajax Rubber... J 35% 14% 19% 14% Allied Chemical 58 57% 58 57% Allis Chalmers.. 44% 43% 44% 43% Am. Beet Sugar 33% 33% 34'% Am. Bosch Mag. 34'% 34 34 % 32% Am. Can 37% 36% 37 36% Am. H& L com. 14% 14 14% 14 Am. KA L pfd. 63% 61 62% Am. In. Corn... 40% 40% 40% 40% Am. Loconti.. ..105% 105 105 Vs 105% Am. Steel Fdy.. 31 30% 30% 31 Am. S. & Ref... 40% 44% 46% 45% Am. Sugar Ref. 65 64 % 65 65 Am, S. Tob. Cos. 29% 28% 29% 28% Am. Tel. & Te1..117% 117 117% 117 Vs Am. Woolen ... 82 80% 82 80Vi Anaconda 48% 47% 48% 28% Atchison 95 % 95% 95% 95% Atlantic G. W. I. 25% 25% 25%/ 25% Atlantic Pete, . 22% 22% 22% ..... Baldwin Loco. . 95% 94% 95% 95 B. & 0 34 33% 34 33% Beth. Steel (B). 60 59% (>0 .00 Brook. Transit. 11% 10% 11%* 10% Cal. Pete 40% 40% 40% 45% Can. Pac. Ky.. 123% 122% 123 123% Central Leather. 32% 31% 32% 31% Chandler Motor 58% 57% 58% 58% CMSTP com. .. 18 18 18 17% CMSTP pfd. .. 31 30Vi 31 30% Chi. &N. W.... 62% 62% 02% 62% CRIP 31 31 31 CRIP 6 pet. pfd. 71% 71% 71% 72 CRIP 7 pet. pfd. 80 85% 86 85% Chili Copper .. 17Vs 10% 17% 10% Chino Copper... 27 26V4 37 Coca-Cola 44% 43% 44 43% Col. Fuel & Irn. 25% 25% 25% Cons. Gas 91%. 90% 90% 90% Cont. Can....... 53% 53 53 03 Corn Prod 102% 101% 101% 102*4 Crucible Steel.. 61 59% 01 00% Cub. Am. Sugar 17% 17% 17% IS Cub. Cane Sug. 9% 9V4 9% 9% Del. & Lacka...ll2 112 112 112 Dome Mines.... 22% 22 22 % 22 Erie 8% 8% 8% 8% Endicott & J... SI 79% SI 79 Famous Players 78% 76% 75% 77% Fisk Rubber.... 12% 12% 12% *2*4 Gen. Asphalt .. 57% 56% 56% 56% Gen. Elec 112% 142% 142% 142% General Mot .. 8% 8% 8% 8% Goodrich 37% 37% 37% ..... Gt. North, pfd. 72% 72% 72% 72% Great North. Ore 31% 31% 31 % 31% Gulf States Stl. 76 70% 72 72% Houston Oil ... 73 73 73 72 % Illinois Central 100 100 100 400 ludiahoma .... 3% 3% 3 % 3% Inspiration Cop. 38% 38% 38% 38V* Inter. Harv. ... 82 82 82 ..... Inter. Nickel. .. 12% 12% 12vs 12% Inter. Paper ... 48 47% 48 48 Invincible Oil.. 14 13% 14 14 Ivelly-Spg'fld .. 30% 36V* 30% •'(.% Kenn. Copper . 28% 27% 28-,’s 2*% Lack. Steel ..... 40% Lee Tire A Rub. 27 27 27 ..... Lehigh Val 57% 57% 57% 57% Loews, Ine 11% 11% 11% 14 Martin-Par 31% 31 31% 30% Marine com ... 15 1-1% 14% 15*4 Marine pfd .... 68% 67% 68 68% May Stores ....105% 105% 105% 107 Marv. Oil 23% 23 23 23% Ilex'. Pet 111% 110% 111% 111 Vi Miami Cop 20% 26% 26% 27% Mid. Sts. 0i1... 12 11% 12 12% Midvale Steel .. 29% 29 29% 29 Mie.-Pae. Ry.... 16% 16 16% 16 M-Pac. R. pfd. 44*4 44*4 44% 43% Mont & Ward.. 12% 12% 12% 12% Nat. Lead 91% 90 91 90% Nev. Con. Cop.. 14% 14% 14% 14% N. 1". Central.. 73% 73% 73% 74 New Haven .... 16% 15% 15% 16% Norfolk A W.. 98% 98% 98% 98% North. Pacific.. 77 76% 76% 70\’s Okla. P. & R. Cos. 2% ' 2% 2% 2*4 Owen Bottle c.. 25 25 25 25V4 Pacific Oil .... 43% 45% 45% 43% Pan-Am. Pet. .. 51% 50% 50% 51 •Penna Ry 34 33% 34 84V4 - People’s Gas .. 68% 89% 08% 69 Pere Marquette 20 20 20 19% PHjrce-Arrow... 13% 14% 15 15% Pierce Oil Com. 9% 9% 9% 9% Pull. Pal. Car. .110 109 109% 110 Pure Oil 33% 33% 33% 33% Ry. Steel Sp... 95*{ 95% 95% 95% Reading 72 71% 72 71% ltep. I. and Steel 50% 50% 50% s**-% Repolgle Steel.. 29 28V. 29 28% Loy. D. of X. Y. 4S -17% 48 48% Sears-ltoebuck.. 61 59% GO% 61% Sinclair 19% 19 19% iu% Southern Pac... 81 S**% 81 80% Southern Ry. .. 18 17% 18 17% Stand. O. of Cal. 93% 93 93% 93% Stewart-W 20 V. 20% 26* ■. 20% Strom. Curb ... 37% 37 37 30% Studebaker .... 89* t 89% 89 S.s-% Texas G. A Sul. 43 42% 42% 41% Texas C. and Oil 24% 23% 24% 23% Texas Cos 44 43% 44 43% Texas A Pacific 28% 27% 2s 26% Tob. Products.. 02% 62 62% 61% Trans. Oil 9% 9% 8% 8% Union Oil 18% 18% 18% 18% Union Pacific.. .127% 120% 126% 126% United Drug 70 08% 70 United Fruit.... 131% 128%. 130% 128% U. S. Ret. Stores 53% 52% 53 53% U. S. F. Prod... 4'% 5 5% 5% U. S. In. Alhol.. 44*.. 43% 43% 4:'. U. S. Rubber... 55% 53% 53% 52% U. S. Steel 85% 84% 85% 85 U. S. Steel pfd ~ll7_ 110% 116% 117% Utah. Copper ... 62% 02 62 62% Van. Steel 33 32% .'s', 33 Wabash Ist pfd. 19% 19% 19% 19% West. Pacific.. .J 14% 14% 14% 14% West-house Elec. 51% 51% 51% 51 White Motors 38% 38 38% 37% W-Overland .... 5% 5% 5% 5% White Oil 8 7\ 8 7% Woolworth 143% 143% 143% 145% Worth Pump... 47 47 , 47 16% E$ -dividend.

N%\V YORK LIBERTY BONDS. —Feb. I.— Prev. High. Low. Close. Close. L. B. 3%s 97.50 95.26 95.00 95.00 L. B. lt 4s 96.40 90.00 L. B. 2nd 4s -. 96.06 9G.SO L. B. Ist 4*4s .. 97.76 96.34 96.70 96.40 L. B. 2nd 4*/4s .. 96.42 96.00 96.42 96.06 L B. 3rd 4*4s .. 97.50 97.16 97.50 97.10 L. B. 4th 4*4s .. 96.54 96.16 90.52 96.18 Victory 3%s ... 300.30 160.26 100.28 100.28 Victory 4%s ..100.32 100.22 100.32 100.26 CHICAGO STOCKS. (By Thomson & McKinnon.) —Feb. I. Open High Low Close Armour & Cos. pfd 93% Armour Leather 12Vs C. E. Itys. pfd... 1% 1% 1% 1% Continental Mot. 5% Deere A Cos. pfd. CO ....* Earl Motors 3% 3>T 3% 3V4 Mont. Ward .. 12% 12% 12V* !2*4 Nat. Leather.... 2J4 Do new 10% Pick A Cos 22% I’iggly Wiggly. 35% 35% 35% 35% Stewart-Warner. 26% 26% 20% 20% Swift A Cos. .. 100% 160*4 166 100 Swift inti 20% 20% 20% 26% Thompson J. It. 41 41% 43 41 Temtor Corn A. 5 5% 4% 4% Union C. A Carl). 45 45% 44% 446; Wahl 66% 66% 60% 66% Wriclev -306% 107% 100';, 107% •rellow Taxi... 59% 60 59 % 59% •ex-div. SI.OO. NEW YORK PETROLEUM. NEW YORK. Feb. I.—Pel rolettm prices were steady on the market here today. Pennsylvania crude closing at $3.25 per barrel. NEW YORK TURPENTINE. NEW YORK, Feb. I.—Turpentine sold at 93%c per gallon on the market here today. Local Curb Market > (By Newton Todd.) —sFeb. I. Am. Hominy com 14 20 Central and Coast Oil ....... 2 Choate Oil Corp % % Columl ia Fire Ins. Cos C 7% Comet Auto % 2 Dayton Rubber Uits 45 55 Dictograph Prod, pfd S 41 D. W. Griffith 6-v- 7% Elgin Motor Car 1% 2% Fed Fin. Cos. pfd 77 Si Fed. Fin. Cos. com 123 135 Gt. Sou. Pro 4. A Ref 2 6 Goodyear T. & R. com 16 13 Goodyear T. A R. pfd...... 27 31 Ind Rural Credits ......s.. 50 60 Metro. 5-50 c Stores com 6% 10 Jfetro. 5-50 c Stores pfd 20 * 26 Nat. Underwriting 2 6 •Rauch A Lang Units 22 30 , Stevens-Durepea units; 22 34 U. S. Auto. Units 48 66 U. S. Mtg. Ci Units 150 IC-j, BANK STOCKS. Commercial Nat. Bank .;.... 71 81 Cont. Nat. Bank ....'. 100 116 Ind. Trust Cos 175 190 Ind. Nat. Bank 260 276 Mer. Nat Bank 280 Security Trust Cos 130 State Sav. & Trust 91 96 Union Trust Cos 300 ... Wash. Bank & Trust C 0... 150

STOCKS MAINTAIN STRONG CLOSE Studebaker' Is Feature of Final Hour of Trade. NEW YORK, Feb. I.—The stock rrTarket closed steady today. The traction stocks were in good demand, Manhattan Elevated showing a gain of 3% points to 45%. American Ice continued its upward movement, selling at 96%, an upturn for the day of 5% points. Studebaker was a strong feature in the last few minutes, making a gain of 1% points to 89. United States Steel rallied to 80% and Baldwin Locomotive rose from 95 to 95*%. Government bonds were unchanged and railway and other bonds steady. Total sales of stocks for the day were 419,200 shares; bonds, $12,048,000. (By Thompson & McKinnon) —Feb. l. — If we omitted from consideration a few active specialties like Gulf States Steel and American Ice, there would be nothing in the market action today that would call for any comment. Public participation has decreased almost to a minimum and the market is largely dependent on professional buying and selling for such fluctuations as have occurred. The sudden change in the public attitude toward the market can only be explained on the theory that there is disappointment at the way general business has progressed since the commencement of the new year. The state of the‘steel industry is well illustrated in the statement published for the last quarter of the last year by the United States Steel Corporation and the leading trade review calls attention to the fact that while there has been some improvements in the demand during January. the business so farr has been exceedingly disappointing. In addition to this we have further price reductions by automobile companies. The leading catalogue house shews a dcrease of over 9 pert cent in the January business at compared with the corresponding month last year. , Financially, conditions are not yet clear, as is disclosed by receiverships. Locally, the money market has been unfavorable, recently with a good deal of shifting of loans and advances in rates. We are still of the opinion that the market is now sufficiently ahead of business to warrant a pause and we would rather take profits on long stocks during strong periods. . TWENTY STOCKS AVERAGE. NEW YORK, Feb. I.—Twenty industrial stocks Tuesday averaged 81.30, off .20 per cent. Twenty nctive rails averaged 74.73, off .25 per cent. CLEARING HOUSE STATEMENT. NEW YORK, Feb. 1- Exchanges, $828.900,000; balances, $64,000,000; Federal Reserve Bank credit balances, #!7,700,000.

Money and Exchange

Indianapolis bank clearings Wednesday - were $2,741,000; batik debits, i $4,989,000. NEW YORK, Feb. 1— The foreign exchange market opened stron;; today. Demand Sterling was %c higher at $4.2.8%. Francs rose 3 centimes to 8.31%e for cables and to 8.31’c for checks. Lire advanced 4 points to 4.00%c for cables and to 4.60 e for checks. Belgian fran.s were 1 centime higher at 7.93 c for cables and 7.92 c for checks. Marks were off % of a point at ,0054 c. Guilder cables were 36.93 c; checks, 3!S.SBc. Sweedeii kronen cables were 25.16 c; checks, 23.53 c. MOTOR SECURITIES. (By Thomson A McKinnon.) —Fob. I. —ClosingBid Ask ■Earl Motor* 5 5% Packard com 6% 6% Packard pfd 65% <>• Peerless 35% 36% Continental Motors com 5% <>% Continental Motors pfd 87 ••.••• Hupp com 13 13% Hupp pfd 90 ..... lteo Motor Car 38% 18% Elgin Motors x “% Grant Motors 1 lVs Ford of Camilla 27 2 278 National Motors ............. 2% 3 Federal Truck 13 17 Paige Motors 13 14 Republic Truck 7% 8 ACTIVE OIL STOCKS. (By Thompson & McKinnon) —Feb. 1— —Opening— Bid. Ask. Anglo-American Oil 17% 17% Atlantic Lobos 8% 8% Borne-Scrymser 326 340 Buckeye Pipe Line 92 94 Cbesebrough Mfg. Con 175 178 Cont. Oil Colorado 130 135 Cosden Oil and Gus 5 8 Crescent Pipe Line 32 34 ' Cumberland Pipe Line 146 169 Elk Busin Pete 5% •",% Kurt kit Pipe' Line 86 89 Galena-Signal **> 1 pfd ill) lot Galena-Signal Oil com 39 42 Illinois Pipe Line 167 176 Indiana Pipe Line 86 90 Merritt Oil 9 9% Midwest Oil 2% 3 Midwest Refining 165 175 1 National Transit 27 29 New York Transit 143 148 Northern Pipe Line 97 162 Ohio Oil 262 268 Oklahoma P. A R 5% 6 Penn. Mex 17 19 Prairie Oil and Gas 525 535 Prairie Pipe Line 237 241 isapulpa Refining 2% 3 Bolar Refining 375 395 Southern Pipe Line 86 88 South Penn Oil 180 190 Southwest Penn Pipe Lines. 57 60 Standard Oil Cos. of Ijid.... 84% 85 Standard Oil Cos. of Kan 506 575 Standard Oil Cos. of Ky.... 456 4T5 Standard Oil Cos. of Neb 160 170 Standard Oil Cos. of N. Y.... 355 365 Standard Oil Cos. of Ohio 386 400 Swan A Finch 36 40 Vacuum Oil 336 310 Washington Oil 30 35 NEW YORK Cl Ril. (By Thomson A McKinnon.) .—Feb. 1 - * Closing— Bid. Ask. Acme Packing 35 45 Curtis Aero com * 3 4 Curtis Aero pfd 18 23 Goldfield Con 4 , 5 Imperial Oil (Del.) 10 10% Intermit. Petroleum 14% 14% Nipissing 6 6% Standard Motors 3Vi 4_ Sait Creek 13% 13% Tonopali Extension 17-16 19-16 Tonopah Mining 1 7*16 1 9-16 United P S new 1% 115-10 U. S. Light afid Heat 86 90 U. S. Light and Heat pfd.. 1 1% Wright-Martin 2 5 Yukon Gold Mine Cos 1% 1% Jerome 28 32 New Cornelia 18 18% United Verde 28 29 Sequoya Its 3 6 Omar OH 78 85 Rep. Tire 15 25 NEW YORK SUGARS. NEW YORK. Fel). I.—Raw sugars were active and steady in trade on the exchange here today. Culms selling at 373 e per pound, duty paid, and Porto Ricos selling at the same figures, delivered. Refined sugars were rather quiet, with prices steady. Both fine granulated and No. 1 soft sold at 5®5.10c per pound. NEB' YORK COFFEE. NEW YORK, Feb. I.—Coffee values ruled steady in trade on the market here today, opening options being unchanged to 1 point higher. NEW YORK RICE. NEW YORK. Feb. I.—Rice was firm on the market today, domestic selling at 3% ®7%c per poMnrl. s NEW YORK AVOOL. NEW YORK, Feb. 1. —Wool values ruled strong on the market here today, with trade fairly active and the demand good. Prices of the last two weeks were maintained. NEB' YORK HIDES. NEW YORK, Feb. I.—Hides were i steady on the market here today, native steer hides selling at 36c and branded j steer hides at 15%c per pound.

IIN DIANA DAILY TIMES, WEDNESDAY, FEBRUARY 1, 1922.

New York Bqnds

(By Fletcher American Company.) —Feb. 1— * FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (unlisted) ss, Sept. 1, '45 74% 75 Arg. 7s, Oct. ’23 97% 9.8% Belgian 6s, Jan. 1 ’25 85% 96 Belgian 7%5, June 1 ’45 106% 107 Belgian Bs, Feb. 1 ’4l 165% 106 Berne Ss, Nov. 1, ’45 108 108*% Brazil Bs, June 1, ’4l 103% 104 Chile Ss, Oct. 1, ’2O 100% 100% Chile Ss, Feb. 1, '4l 101 101% Chile Bs, Nov. 1, ’46 100% 100% Christiania Bs, Oct. 1, '45 107 107% Copenhagen 5%5, July 1, ’44.. 88 88% Danish Mon. Bs, Feb. 1, ’46. ..107 3 97% Denmark Ss, Oct. 15, ’45 10s% 109 •Canadian 5%5, Dec. 1, ’22... 95 90% •Canadian 5%5, Nov. 1, ’23... 94% 95% •Canadian 5%5. Nov. 1, ’24... 94 % 95% •Canadian ss, Dec. 1, '25 93% 94% Canadian ss. Apr. 1, ’26 97*% 07% Canadian 5%5. Dec. 1, '27.... 90% 97% Canadian 5%5, Aug.,3. '29.... 98% 99 Canadian ss, Apr. 1, '31 ._..... 96 90% •Canadian ss, Oct. 1. '31.1..'.. 93% 94% Caadian 5%5, Nov. 1, ’33 97% 98% •Canadian 5%5, Nov. 1, '34... 94% 95% Canadian ss,- Mcli. 1, '37 95% 96% •Canadian 5%5, Dec. 1, ’37... 99% 109% •.French (Viet.) ss, Opt., ’31.. 62% 64 •French 4s. Opt., '43 49% 51 French 7%5, J uue, '4l 95% 94% French Bs, Sept. 15, ’45 100% 3i*o% •Italian (war) 5s 34% 35% Jap (first) 4%5, Feb. 15, '257 . si% 87% .lap (second) 4%5, July 10, ’25 86% 87 Jap. 4s, Jail. 1, ’3l 73% 74 Mexico ss, Jan., ’45 55% 57 Mexico 4s, Jan., ’54 42 42% Norway Ss, Oct. 1, '4O 309% 110 Queensland 7s, Oct. 1, '41....10*1% 106% Rio de Janeiro Bs, Oct. ’46... 99% 100 Bao Paulo Ss, Jan. 1, ’36 100% 101 Swedish 6s, June 15, ’39 94 % 94% Swiss 5%5, Aug. 1. '29 97% 97% Swiss Ss, July 1, ’4O 118% 115 U K. 5%5, Nov. 1, ’22 100% 300% U. K. s*/.s, Aug. 1, ”29 161% 101% U. K. 5%5, Feb. 1. ’37 98% 98% Uruguay Ss, Aug. 1. '46 163% 104 Zurich Ss, Oct. 15, '45 168% 108% Bergen Ss <..lo<> 10® Arg. 4s, A. O .32 52% Arge 4s. J. J 53 03% Dutche Indies 6s 94% 04% Oft. 6s. ’43 W 4% 105% Seine 7s ■ 90% 90% •Internal Loans. CORPORATION BONDS, Bid. Ask. Allied Packers 6s ... 65 66 Alum. Cos. of A. 7s, Nov., ’25. .101% 102 Am. Cotton Oil 6s, Sept. 2, '24 93% 94 Am Tel. Cs, Oct., ’22 100% 100% Amer. Tel. 6s. Feb., ’24 100% 101% Amer. Tel. it,Tel. Os, '25 109% 110% Amer. Thread 6s, Dee., ’2B. .100% 101 Amer. Tob. 7s, Nov., '22 101 I**l% Amer. Toll. 7s, Nov., '23 102% 162% Atchison Gen. 4s 87% KB% Anaconda Os, Jan., 29 98% 98% Anacomla 7s, Jan., ’29 101% 102 Anglo-Aui. Oil 7%. Apr , ’25 103% 1213% Armour 7s, July 15, '3O 101% 102% Atlantic Kef. 6%5, Mch., ’31.104% 104% Kell Tel. of Can. 7s, Apr., '25.. 100% 101% Bell of Pa. 7s 168% 109% Beth. Steel 7s, July 15, ’23.. .160% 100% Big Four 6s 96% 97% Cadeb 4s 78 78% Can. Pacific 6s, Mch. 2, '24... .160% 161% Can. Nor. 6%s 108% 109% Can. Nor. 'is 110 110% (’. B. Q. Gen. 4s SS 88% <\ B. Q., 111. 3%s "8% 79% C. B. U., Neb. Is 94% 95% C. B. Q.. Jt. 6 1 2 s 166% 107% Cent. Arg. Ky. •'*>. Feb., '27*. Mi % 90% Chic. & N. W. 6%S 108% 107% l'hie. A- N. B\ 7s 165% 106% Col. Graph 8s 29 30 Coil. Gas 7s, Dec.. '22 161 % 161% Copper Kxp. Bs, Feb. 15, '23. 102 102% Copper Exp. Bs, Feb. 15, ’21.. 102% 103 Copper Exp. Bs, Feb. 15, '25.. 103% 361% Cuban Am. Sug. 8* 102% 103% Cudahy 7s. July 15, '23 luO% 100% Ilian ond Match 167% 168 Du Pont 7%s 103% 304% Fed. Sugar 6*i Nov., '24 98 % 99 Fed. 5s '43 102% M3 Fisk Tire 8s 101 lwl% Galina Oil 101% 3(r2% Goodrich 7s, Apr.. '25 97 97% Goodyear Ist Bs, '4l 111% 112 Goody.-ar Deb. 8s '3l 97% 98% Groat Northern 7s' 107% lo7'< Grand Trunk 6s 102 11*2% Grand Trunk 6%s 163*4 163% Grand Trunk 7s 109% 1108 Gulf Oil Os. July. '23 MO'i 11X1% Gulf Oil 7s. Feb , '33 102 % 363% Heinz 7s, Dec, ’3O 103% HR*-, Hocking Val. 6s. Mch., '24.... 95% 98% lUimbli; Oil 7s, Mch. 15, *23..100% 100% 111. Cent. Ref. is, '55 S3 M% Inter. Met. 4%s It's 15% Interhoro 5s 63% 64 % lilt. R. T. Bs. Sept., '22 81% 82% K. C. Term 6s Nov. 15, "23. .100 Vi 100% K. c. Pr. it Lt. 8s 105% 104'% Kelly-Springfield 8s 102% 162% Kenn. Copper 7s, Feb . '3O 102% 102% Laclede Gas 7s, Jan., '29.... 95 % 96 L. A X. 7s, ’3(i 167% 307% lAbby-McNeil 7s, May, '3l 99 99% Mex. Pet. 8S 99% 99% M. St. !’. .t 8. S. M. 6'is 161% 101% Morris 7%s 163 3H Nat l Cloak & Suit 8s ‘.'•' j 99% Natl Leather Bs, Nov. 15, '25.. 97 98 Nth Bell 7a 107% 168 N. V. Central 7s. ’3O 106% lih;% N. V. Tel Ref. 6s, '4l 102% 102% N. V. Edison o%*, *4l 105% 3JH'% Nor. Pac. I’. 1.. Is .84% Vl% Nor. Pae. G. L. 3s 59% 60% Nor Pac. 6s 167 167% Packard 8s !<9% 106 I’an. Amer. Pet. 7s 95% 96 I’enn. 6'a 165% 366% Penn. 7s". ; 106 167 Philippine 5%5, '4l 103’) 101% Proctor .V G. 7s, Mch., '22....100 100% Proctor A- G. 7s. Mch.. ”23 101% 161% R. J. Reynolds 6s. Aug., ’22. .160% 161 St, L.-Sati Fran. P. L 67% 6N% Sr. L.-San Fran. Adj. (is 71% 72% Sears-Roebuck 7s, Oct. 15. '22.106 liH>% Rpars-Roebuck 7s, Oct. 15, '23 98% 99% Seaboard Con. 6s 43 43% Sinclair 7%r, M>y 15, '25 99% 106% Solvny & Cie Ss. Oct . ‘27 102% 103% Southern Ry. 6*. Meh., '22.. 99% 100% Sou. Kv. OV-’.s 94% 94% S. W. Bell Tel. 7s. Apr., '23.. 101% 191% S. Oil (Cal.! 7s. Jan., '3l 105% 106 S. Oii (N. Y.) 7s. Jam, ’25-’31.105 110*4 S. Oil CS. V.) 6%5, May, '33.. 166% 106% Steel * Tube 7s 98% 95% St. Paul U I> 5%5. Dec. 15, ’23 99% 100*4 Swift 7s, Oct. 16, ’25 100% 101 Swift 7s. *Aug. 15, ’3l 101% 102*4 Texas Cos. 7s. Mch. 1, '23 100"; 101% Tidewater Oil 6%s 101% 101 % ! Union Tank Car 7s 102% 102% U. S. Rubber 7Vi* 104% 105 Utah Sec. 6s. Sept. 15, '22.... 98 9.8% Vacuum Oil 7s 107 107% Va. Car i'hetn. 7%s 95% 94 Western El 7s. Apr., '25....104% 105% Western Union 6%s 100% 307% Winchester 7%5... 98% 99 Wilson 7%s 95% 96

In the Cotton Market

Now York Opening Cotton Prices— March, 36.60 c; May, 46.45 c; July, I0o; August, 15.95 c; September, 16.01 c; October. 15.58 c: December, 15.50 e. The market showed a better tone In the late dealings, closing steady at a net advance of 39 to it points. —Cotton Futures— Open. High. Low. Close. March 16.60 16. KS 16 58 16.85 May 16.45 16.60 36.32 16.59 July 16.00 16.1! 15.95 16.10 October 15.58 15.67 15.44 15.60 December 15.61 15.55 —Cotton Review.— NEW YORK, Feb. I. The improvement in the Liverpool market (his morning was well maintained, that market finally closing 20 t 0.32 points higher. In our own market the response was not very vigorous nml during the earlier part of the day trading was moderate, with but little interest displayed by commission houses. During the afternoon a demand developed for March contracts. This gave tone to the market and brought about fairly good recoveries. News in reference to the spot demand is somewhat contradictory, but evidently there must have been sotne improvement in the demand today though it will probably be found that the advance is largely the result of at) over-extended short interest here and so far as general conditions arg eoncerfied we can see nothing that would wartrant anything more than temporary price changes. LIVERPOOL, Feb. I.—Spot cotton was in better demand at the opening of the market here today. Prices were steady and sales around 7.000 bales. American middlings fair, 11.59(1; good middlings, 10.1-td; full middlings, 9.74d; middlings, 9.49d; low middlings, J).l4d: good ordinary, 7.-9d: ordinary, G.44d; futures tpened quiet. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold on the Indianapolis markets of Swift A Company: Ribs-—No. 2. 22e; No. 3, 15. Loins—No. 2, 25c: No. 3. 18<* Rounds—No. 2. 14c; No. 3.12 c. Chucks—No. 2. 9c; No. 3, Bc. Plates—No. 2,8 c; No. 3,7 c.

SWINE STEADY, 20 25 CENTS LOWER Trade in Cattle Again Dull— Lambs Are Higher. RANGE OF HOG PRICES. Good Goo<l Good Jan. Mixed. Heavy. Light. 24. $8.73(0 y. 25 $£.50(0 8.85 $9.25(0 9.;>0 25. 8.75(0 9.00 8.50(0 8.75 9.00(0 9.2 u 26. 8.76(0 8.90 8.50(0 8.75 8.90(0 9.00 27. 8.90<0 9.15 a.600 8.85 9.250 9.3 ; . 28. 9.00 (0 9.25 8.75(0 9.00 9.300 9.50 30. 9.250 i.50 9.000 9.25 9.500 9.6i> 31. 9.250 ‘9.50 9.000 9.25 9.500 9. t o JEet). 1. 9.lu@ 9.35 8.90® 9.15 9.35® 9.50 Swine prices were steady to 25c lower in trade on the local livestock exchange today, with receipts around 7,600, loner price ti* i deludes early elsewhere anil rather poor demands displayed by both local packers and shippers. Trade in cattle was again slow and dull and prices ruled barely study to about steady. Receipts A'ere light at 700 and the demand was rather poor. 1 lie quality of stuff offered was fair generally, but there was some very common stuff oil the market. Heavy bulls were again in'only slight demand, while the lighter grades were steady anil in good demand. The best demand was displayed in the heifer and cow markets. The fact that warm weather has returned was said to have been one of the Direct factors in the slowness ot the local mart. , Veal prices were generally ofic lower, with receipts large ai. 600 and the demand |,y shippers poor. There were spots, however, that were more than 50c lower, these lower spots occurring in the sales of the commoner grades. There was a top of $13.50 on choice veals, while the bulk of that grade sold at $.13. Shop values were steady as were lamb prices early, but during the late dealing lambs were in good demand and with the supply limited prices went up. There was a top of sl4 on a few olio ice lambs, while there were several sales at $13.50® Receipts of sheep and lambs ran close to 406 for the day. HOGS. Best light hogst 150 to 180 lbs. average ? 9.33@ 9.. Hi Over 300 lbs H.85(6, s.’A* j 150 to 300 lbs B.l*o® 0.50 Sows T.>o. Stags 6.00® 7.00 j Best pies, under 34b lbs 0-25® 9.50 Bulk of sales 9.1*0® 9.23 Top 9.50 .'.... j —Cattle— Prime cornfed steers, 3,300 j to 1,800 llis 6.23® C. to Good to choice steers, 1,200 to 1,300 lbs 5.75® C. 20 | Good to choice steers, 1,100 ' to 1,200 lbs S.OC® 3.00 Good to choice steers, 1,000 to 1,100 lbs 4.75® 3.00 Common to medium steers, 800 to 1,000 lbs 4.20® 4.10 —Cons and Heifers— Good to choice heifers 6.00® 7.50 Medium heifers 4.00® 5.50 Common to medium heifers.. 3.50® 4.00 Good to choice cows 3.06® 4.30 Fair to medium cows I.oo® 2.50 Cutters 1-25® 2.*iO Conners 75® Lob —Bulls— Good to choice butcher bulls. 3.50® 1.75 Bologna bull* 3.60® 3.30 Light, bologna lulls 2.56®, 2,73 Light to common bulls 2.06® 2.50 —Calves— Choice veals [email protected] Good veals ...*■ 11. ,41® 12.50 j Medium veals O.OAK.i 10.56 I Lightweight veals 7.50® 5..>6 Common to heavyweight veals, d.uu® 7.0 b —Stockers and Feeders— Good to choice steers under soo lbs 4.500 j 4.75 Medium cow* 2.00® 350 Good cows 3 50® 4-25 Good heifers s.o b® 6.50 i Medium to good heifers 4.'> i! ti 4.75 Milkers [email protected] —Sheep and Jambs— Ewes 1.50® 5.00 | Bucks 2.5-b® 3.00 Good to choice iambs ........ [email protected] Seconds 7.5u® 9.00 Buck iaiuiis 7.00® 8.06 j Culls 3,bb® O.UU '

Other Livestock

CHICAGO, I'eh. I. Hogg—Receipts. 25, Out; market, fairly mine and mostly 15 to 25 cents lower; bulk of sales, $8.75® (op, $'.*.25; heavies, $8.75® •>.!*(); indiums, sßNi@9; lights. sß,'.*om J. 15 ; light lights, *[email protected]; heavy tows, smooth, $7,751)1.8.25; pm king sows, rough, ‘7.50® 7.V.; pigs, $8.50®8,75. Cattle—Receipts, H,(HH; market, strong to shade higher. Beef steers—Choice und prime, $9.15® 10: medium and good, [email protected]; good anil choice. s*®9.so; common anil medium. $5.75®5. Batcher cattle —Heifers. $1.35® 7.65; lows, $4®6.10; bulls, $3.75®5.7.’>. ( aimers and cutters —Cows anil heifers, $2*25®4 ; caniter steers, $3.15® 4.25; veal calves, ss@ 12.50; feeder steers, $5.15® 6 87; stni-ker steers, $1®6.05; stock r cows and heifers, $3.25®5. Sheep and lambs -Boeeipts, 17,0n<); market, generally steady; good to choice lambs. $11.7.7 o/lt: i-iill and common lambs. $9.25® 11.5(1; yearling wethers, $0.50® 12.75; ewe*. $5 7.75; cull nml common ewes, $2.50®4.75; feeder lambs, [email protected]. CINCINNATI, Feb. I.—Hogs—Receipts, 3,500; market steady to 25c lower: heavies, $9@925; mlxeikr $9.50: mediums. $9.50@'9.75; lights and pigs. $9.30: roughs, $7.25; stags. $4.75(05. Cattle—Receipts, 500; market weak; bulls weak to 25e lower; calves, sl3 50® 14. Sheep and lambs —Receipts, 300; market steady; ewes, sll/5.50; choice lambs, $13.50; seconds, $9®9.50; cults, $0(0.7. CLEVELAND, Feb. 1. —Hogs —Receipts, 3,000; market 15c to 40c lower; Yorkers, $9.60; ltißeil, $9.60; mediums, $9.40®9.50: pigs. $9.0*1; roughs. $6.75; stags. $1.75. Cattle —Receipt.-. 250; market, slow. Sheep and lambs—Receipts, 350; market, steady; top, sl4. PITTSBURGH, Feb. I.—Hogs—Receipts, 2.300; market 10e lower generally; prime heavies, $9.15® 9.25; mediums, $9.75®9.!*0; heavy ynrkefs, $9.00® 10; light yorkers, $9.90® 10; pigs, stO; roughs, $6®7.25; Slags. s4® 1.25, Cattle —Receipts!, less than 100; market, steady. Calves iftccipis, light; market, steady; veals, $13.50; heavy and thin calves, s6® 9. Sheep and Lambs—Receipts, 300; market, 25c lower generally; prime wethers, [email protected]; good mixed, $7.25 (a) 7.75; fair mixed, $5.75®6.75; culls and commons, $2.25®3.75; choice lambs, sl4. EAST ST. LOUIS, Feb. I.—Hogs—Receipts, 16,500; market 25c lower; mixed and butchers, ss.Bs(u9: good heavies, $8.75®'.).10; roughs, $6.75(n.7.25; lights, $9.15® 9.25; pigs, s9® 9.25; bulk of sales, $9®!9.25. Cattle—Receipts, 4,800; market steady; native beef steers. 7®K.50; yearling steers and heifers, $7®S; cows, $3.25 in 5.50; stoekers and fetiders. sl®6; calves, s3® 11.50; canners and cutters, $2.50®;4.25. Sheep and iambs —Receipts, 2,201); market steady to—Strong; tiutlon ewes, $3.50®, 6.75; choice lambs, s.B® 13.65; canners and choppers, sl® 4. EAST . BUFFALO, Feb. I.—Hogs Receipts, 4,809; market, slow; yorkers, $9.65® 9.75; pigs, $9. 7.7® 10 ; mixed, s9® 9.65; heavies. s9®9.sii; roughs, $7.25® 7.50; slags, $3.50®'4.50. Cattle Receipts, 100; market, slow; shipping steers, $7.25 ®8.25; butcher grades, $7.25® S; hiefers. $5®5.75; cows, $2.25®6; bulls, $3.25® 5.20; iullk cows and springers, s2s®, 12.*. Calves—Receipts, 1,000; market, slow; cull to choice, ss®'ls. Sheep and lambs Receipts, 3.(M!0; market, firm and active; choice lambs, sl4® 14.50; cull to fair, sß® 13.75; yearlings, s7® 12; sheep, s3® 8.50. CHICAGO PRODUCE. CHICAGO, Fel*. d.— I'utt® Receipts, 4.800 tubs; creamery extras, 37c; firsts, s’o®sC-; packing stock, 15® 17c. Eggs— Receipts, 5,7(HJ eases; current receipts, 35®,36e; ordinary firsts. 32®'34c; firsts, 36%@36%c; checks, 20®27e: dirties, 2.8®. 29e. Cheese—Twins (new). 19%r: daisies, 19*4@20*/>s; Young Americas, 20e; longhorns, 20c; bricks, 15%c. Live poultry— Turkeys, 33c; chickens, 24c; springers, 25c; roosters. ISc; geese. 20c. PotatoesReceipts, 44 cars; Wisconsin Round Whites, [email protected]; Minnesotas, sacked, [email protected]; Red Rivers, $1.90. CLEVELAND PRODUCE. CLEVELAND. Feb. I.—Butter—Extra, in tubs, 43@43%c; prints, 44®.44%c; extra firsts, 42®,42%e; firsts, 41@41%e; seconds, 35@36e; packing stock, "id®, 18c. Eggs—Fresh gathered, northen extras, 42c; extra firsts, 41c; Ohio firsts, new eases, 39%c; old eases, 39c: western firsts, new cases, 38c. Poultry—Live heavy fowls, 27®’28c; spring culls, IS®2oc; spring

WHEAT VALUES CLOSE HIGHER Corn and Oats Sustain Gains in Sympathy With Wheat. CHICAGO, Feb. 1. —The wheat market displayed a firmer tone on the Chicago Board of Trade today, as the result of a reaction following the slump of yesterk day.. Receipts were smaller in the Northwest, but there was a fair amount of grain running to the markets of the Southwest. Other grains were higher also. Provisions were irregular. May wheat opened at $1.19%, up %c, and was up %c at the close. July Wheat was up %e at the opening at $1.04% and closed up Vic. May corn opened unchanged at 53%c and closed %e up. July corn opened at 35%e, uncha lged, and closed up %c. May oats opened at 39c, unchanged, and was * c higher at the close. July oats' •opened unchanged at 40c and closed unchanged. / (By Thompson & McKinnon) —Feb. I. Wheat—Foreign cables and markets again show r firmness- today due to Con(iuental taking of Argentine offerings. Today’s market was not particularly responsive to thff strength abroad, there being some who feel that industrial and business conditions do not warrant higher values. Because of this, there has been some realizing, together with some selling in anticipation of lower jiriees. General trade has been rather 'Rgst, but the offerings were absorbed on the declines by elevator inter* sts and houses with seaboard connections. New York reports a fair business for export iu Manitoba* and a considerable improvement iu domestic flour demand. One of (lie larger local millers has picked up all the dark northern spring wheat in this market anil nearby territory, the price thought to be somewhere around 21 cents over the May. Larger mills were said to lie buyers of the May wheat in Minneapolis. Jjtorm conditions did not tiring important preciniiation in the Southwest where A cold wave is predicted. Leading < eash interests here and elsewhere have been for some tim, changing hedges from May to July. More of i his was being done today. At the moment the market is slow, because of the free movement from the Southwest and because of pessimism on the part of some over conditions fu the commercial world. •Southwestern movement is expected to be completed within a week or ten days. Nothing has developed to change our belief that the domestic, milling trade must improve materially, in which event, values should work higher. Corn and Oats —Advices as to offerings of corn from the country were mixed, in addition to w iiich the export demand was not in evidence and the domestic demand v.-as slow, nonetheless, there was a demand qn all depressions from Investment sources with offerings, at no time. Important. We are unable to discover unj- great improvement In the demand for cash oats and none whatever in the interest displayed la the market. Provisions —The shipping demand for hogs was ijot brisk, consequently au easier tone in that market brought realizing in product!. Offerings were all absorbed buying bavin* the .appearance of coining from packing sources. CHICAGO GRAIN TABLE. i —Feb. 1— WHEAT — Open. High. Low. Close. May 1.19*4 1.16% 1.18% 1.1*4 July.:,. 1.04% 1.04% 1.03% 1.01% CORN— May A. i .53% .54% .■••'% .54% July.... .55% .50 .55% .55% OATS — s May.... .39% .39% .39% .39% •lutv 40.40 .39% .40 FORK— X Ma v.. • • 18.13 18.25 18.00 IS.IO RV E - May.... /.SS .89 .IS .89 •July .78 % LARD— May 10.27 10.30 10.35 10.27 RIBS - May 9.37 9.13 9 37 9.40 •Nominal. CHICAGO CASH GRAIN. CHICAGO, Feb. I.—Wheat—No. 2 red. $1.25; No. 3 red, $1.23: No. 2 hunt winter, $1.10%; No. 2 hard yellow, $1.15%; No, 3 hard yellow. $1.14; No. 2 northern spring dark, $1.04; No. 2 mixed, $1 17%. Corn—No. 2 mixed, 49Vi@49%e: No. 3 mixed, 4(S@4B%c; No. 3 white, 48® )s%c; No. 3 yellow, 48ib4S%c: No. 4 mixed, 40%c; No. 4 yellow, 46% @47%<’. nuts- No. 2 white. 36%@35c; No. 3 white, 33%@35%c; No. 4 white, 32%@33Uc,

PRIMARY >1 \KKKTS. (By Thompson A McKinnon) —Feb. 1. - Wheat Corn Qats St Joseph . 44.000 63,00*1 4.000 Chi,-ago so.o*lo 1,750.000 355.000 Milwaukee .. l.ot**i 138,000 61,000 Minneapolis . 2**2.000 54.0*10 85.000 Duluth 28,000 75.000 19.01*0 St. Louis ... 62.000 155.000 70.000 Toledo 4.000 19.000 6.00*1 Detroit .... 6.000 11J100 8.09** Kanas City . 250,000 95.000 4*1,000 Peoria 7.006 1.86,000 61,00** Omaha 34.0*10 lts.ooo 42,000 Indianapolis . 3.000 157,000 38,000 Totals 721.000 2.854.000 795.00*1 Year ago... 901.000 1.171,000 435.000 —Shipments— / Corn Oafs St. Joseph . lymo 49.000 Ch'cago 23,000 1.124.0(1** 244,000 Milwaukee .. 4.000 65.000 44.000 Minneapolis . 141,000 65.000 03.*$>9 Duluth 7,000* 104.00*1 194,000 St. Louis ... lOl.oflU 194.000 124,000 Toledo B,CM 33.000 Detroit 77 8.000 Kansas City . 155,000 20,00*1 31,000 Peoria OjKK) 127.0**0 32,0*10 Omaha 19,000 90.000 40.000 Indianapolis . 3.000 2?,000 10,000 Totals 481.000 1.803.000 588.000 Year ago... 791.000 5 15,000 445,000 —Cie.trnnces — Wheat Corn Oats Philadelphia . 283.0**0 21.000 Baltimore .. 16.000 129.000 New Orleans . 21,000 356,0 W Totals 320,000 506.000 Year ago... 811.000 210,000 INDIANAPOLIS CASH GRAIN. —Feb. 1— Bids for ear lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat —Steady; No. 2 rod. $1 27® 1 .90. Corn —Steady; No. 3 White, 50®50%c; No. 4 white, 49®49%c; No. 3 yellow, 49% ® 50c: No. 4 yellow, 48%®49c: No. 3 mixed, 49%®50c; No. 4 mixed. 48%® 19c. O a t s —Steady; No. *2 white, 3S®39c ; No. 3 white, 36%®37c. Hay—No. 1 timothy, sl7® 17.50; No. 2 timothy. sl6 50® 17; No. 1 light clover mixed,' sl6® 16.50; No. 1 clover, $18.50® 19.50. —lnspections Wheat—No. 4 red, X car; No. 5 red, 1 car; total, 2 cars. Corn—No. 3 white, 6 cars; No. 4 white, 12 cars; No. 5 white, 5 cars; No. 6 white, 2 cars; No. 2 yellow, 4 cars; No. 3 yellow, 4 cars; No. 4 yellow, 7 carsi No, 5 yellow, 4 ears; No. 6 yellow, 2 cars; sample yellow. 1 ear; No. 1 mixed, 1 car; No. 2 mixed. 1 car;. No. 3 mixed, 3 cars; No. 4 mixed, 1 car; No. 5 mixed. 3 cars; total. 56 cars. Oats —No. 2 white, 4 cars: No. 3 white, 9 ers; No. 4 white. 2 cars; sample white; 1 ur; total, 16 cars. Hay—No. 1 titmothy, 1 car. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today were paying $1.17 per bushel for No. 1 red winter wheat; $1.15 for No. 2 red winter and according to test for No. 3 red winter. Oats were quoted at 27c par bushel for No. 3 white or better. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay-L' ise timothy, $16.00@17; mixed hay, sl*/16; baled hay. sl7®lß. Oats—New, per bushel, 32@35c. Corn—New, per l. tisliel, 45<q!50c. Corn—Old. per bushel. 54®60c. IN DI AN APO LI S PRO D UCK. Eggs—Loss off. 32®33e. Butter—Packing stock. 15® 3.7. Poultry—Fowls, 16® 23c; Springs, 20@23c; cocks, ll@12e: stags, 13® 14c; capons, 7 lbs. aud up, 30c; capons, under 7 lbs. 20c; capon slips, 7 lbs. and up 30c; capon slips, under 7 lbs. 26c; young hen turks, 8 lbs. and up 40c; young tout turks, 12 lbs. and up 40c; old tom turks, 33c; cull thin turkeys not wanted: ducks. 4 lbs. and Hip, 16®l9cgeese, 10 lbs. and up, 14; squabs, 11 lbs. to dozen. $5: voting gdirons. 2-lb. siz per doz., $7®7.50; old guineas, per doz. $3. Blitter—Local dealers are paying 37® 38c per lb. for butter delivered in In- j dianapolis. Butter Fat—Local dealers are paying 33c per ib. for butter fat delivered la Ia- j dianapolis. 1

Local Stock Exchange

—Feb. 1— STOCKS. Bid. Ask. Ind. Ry. & Light com 60 Ind. Ry. & Light pfd 75 Ind. St. Ry 40 45 T. H. i. it L. pfd tip Indpls. .2 N. W. pfd ft ISO Indpls. & S. E. pfd GO T. U. T. & E. com 6 T. H. 1. & E. pfd 15 U. T. of Ind com 1 U. T. of In'd. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance-Rumeiy com Advance-Rumely pfd Am Creosoting pfd 93 ... Am. Central Life 180 Belt R. R. com titi 71 Belt 11. R. pf l 49% ... Century Bldg. Cos. pfd 93 ... Citizens Gas Cos 22 City Service com 168 173 City. Service pfd 53 58 Dodge Mfg. Cos. pfd Home Brewing 44 Ind. Hotel coin 75 ... Ind. Hotel pfd 97 Indpls. Nat. Ins. Cos 20 Ind. Title Guarantee C 0.... 45 ... Indiana Pipe Lines 84 ... Indpls. A! attoir pfd 43 lndpis. Gas 44 46% Indpis. Tel. com 2 ... Indpls. Tel. pfd 90 Mer. I’ub. Utl. pfd 48% 53*% Nat. Motor Car Cos 2 4 I’ub. Sav Ins. Cos 4% ... Ranh Fer pfd 4*3% ... Stand. Oil of Indiapa 84 85% Sterling Fire Ins. Cos 7 8 Van Camp Hdvv. pfil 96 Van Camp Trod. Ist pfd.... ... 100 Van Camp Broil. 2d pfd 100 Vandalia Coal Cos. com •- 3% Vandalia Coal Cos. pfd 5%', 10 Wabash Ky. pfd 18% 23^ Wabash Ry. com 5. •••' ’ BONDS. Broad Ripple 5s 60 ... Citizens St. Ky 5s 72% 76 Indian Crk Coal & Mine 100 Ind. Coke & Gas 5s 86 Indpls. C. & S. 5s 91 ... Indpls. & Martinsville 55... 57% ... IndpiS. & Norm 5s 36 41 Indpls. iV N. W. 5s 47 ... Indpls. & 15 r3. 5s 45 Indpls., Shelby & S. E. 5s 75 Indpls. St. Ry. 4s 58% ... T. H. I. & E. ns # SO ... U. TANARUS, of Ind. 5s 45 50 Citizens Gas 5s 85% 90 Indianapolis Gas Cos 81 ... Kokomo. M. & W. 5s 83 8S Ind. Hotel Cos. 2d 5s 95 Indpls. L. & H. 3s 85 Indpls. Mater Cos. 5s 92 96 Indpls. Water Cos. 4%s >BO 85 Mer. H. A L. 5s 96% 98 New Tel. Long DlstJos 94 New Tel. Ist 6s 95 ... Indpls. T. A T. 5s 76 Sou. Ind. Power ffs 88% LIBERTY BONDS. Liberty first 3%5....) 95.40 95.50 Liberty first 4%s 96.50 96.60 Liberty second 4*Js 96.16 90.38 Liberty third 4Vjs 97.16 97.2*! Liberty fourth 4',4s 96 36 96.52 Victory 3%s 100.16 100 26 Victory 4%s 100.16 100.20 —Sales — $2,000 Liberty fourth 4%s at 96.40. SI,OOO Liberty second 4%s at 96.26. $1,060 Liberty third 4%s at 97.26. $5,000 Liberty fir3t 4%s at 96.60.

Weather

The following table shows the state of the weather at 7 a. in. Feb. 1., as observed by U. t>. Weather Bureaus: Station Bar. Temp. Weather Indianapolis, *nd... 2*J.i)4 4i Cloudy Atlanta. Ga 36.16 42 Rain Amarillo, Texas,... 29.88 30 PtCldy Bismarck, N. 1>..... 29.86 2 Snow Boston, Mas*...}... 30.28 30 Clear Chicago, 111 '_-.fc.vi 44 Raiu Cincinnati, 0hi0... 30.<i6 46 PtCldy Cleveland, 0hi0.... 30.16 34 PtCldy Denver, Colo 29.72 24 Clear Dodge Cltv, Kan... 29.78 26 Clear Helena. Mont 30.24 4 Snow Jacksonville, F1a.... IS 58 Chnnly Kansas City. M 0... 21L50 48 PtCldy I Louisville, Ky 30.60 44 Cloudy Little Kick. Ark... 29.80 32 Raiu Los Angeles, Cal. .. 30.1.8 42 Cloudy Mobile, Ala *OO 56 Rain New Orleans, La.. 29.94 64 Cloudy New Yors. N. Y.... 30.34 28 Clear Norfolk. Va 30.36 3S' Cloudy Oklahoma City .... 21*80 44 Clear Omaha, Neb 29.34 42 Cloudy Philadelphia, l’a... 30.34 30 Clear Pittsburgh, Pa. ... 30.16 32 Clear Portland. Ore 30.30 clear Rapid City. S. D. .. 29.96 4 Clear Roseburg, tire 30.26 2* Clear San Antonio, Texas. 29.92 :>4 Ram San Francisco, Cal. 30.1S 3s Bain St Louis. Mo. 29.76 42 Rain St. Paul, Minn 29.52 34 Rai l Tampa, Fla 30.14 62 Cloudy I Washington, D. C.. 30.30 16 Clear WEATHER CONDITIONS. The storm over the Great Basin Tuesday morning has moved norl ueastwnrd and it is now centered ovev western lowa. It has caused considerable precipitation In the Mississippi Klvi -and Greut Plains States, and also in some sections to tlie westward. lliglu-r temperatures now prevail in its front from the Great I allies t the Gulf and south Atlantic coasts, the rea ?*"es over that area being, ns a rule, considerably above normal; but zero weather obtains from Wyoming and northwestern Nebraska northward in the rear of the disturliat.-e. < J. H. ARMINGTOX, Meteo ologlst, 11 eatlier Bureau. W HOLESALE FEED PRICES. • Ton. Cwt. Acme bran 530.00 $1.55 Acme feed 3t.00 1.60 Acme midds 33.1*0 1.70 Acme dairy feed 42.50 ®2O E-Z-dairy feed 32.60 1,65 Acme H. & M 29.00 1.50 Acme stock feed 25.00 X. 30 Acme farm feed 36.60 A.55 Cracked corn 26.00 1.35 Acme chick feed 3t\4)o 1.85 Acme scratch 32.00 1.65 E-Z scratch 29.00 1.50 Acmo dry mash 40.00 2.05 Acme hog feed 36.00 1.85 Acute barleycorn (not quoted) Ground barley 36.50 1.96 tJround oats 30.50 1.60 Ilomlick yellow * 25.50 1.50 Rolled barle: - 36.50 1.55 Alfalfa mol 29.00 1.50 Cottonseed meal 46.00 2.35 Linseed oil meal 53.50 2.75 Acme chick mash 43.00 2.20 Acme hominy 26.00 1.35 Tankage 60.00 3.25 FLOUR AND MEAL. E-Z-Bake bakers’ flotilr in 9S-lb. cotton bags $1.40 Corn meal In 100-lb. cotton bags.... 1.40 Star Thistle Is New Kansas Pest MANHATTAN, Kan., Feb. I.—Agriculturists are alarmed over the fact that another pest has rut In an appearance in Kansas and is theatenlug the 1922 wheat crop. It is the star thistle and has a penchant for spreading through wheat fields. The sample of the weed, which was sent to the Kansas State Agricultural College here, was forwarded to the Agricultural Department at Washington. Authorities identified it as the star thistle, and declared that it was a foreign invader. This flowering thistle has made its appearance in a number of widely separated States throughout the couutry, according to agricultural experts. \ Latest Torpedo Is Man Propelled LONDON, Feb. 1. —The latest instrument of destruction in naval warfare is a man-propelled torpedo. Sitting astride th torpedo, the pilot Is sent scurrying toward the enemy fleet, and when he hast selected the most convenient target araluig the enemy ships lie adjusts the aim accordingly, slips off his craft into the water and swims back to his own vessel. The machine, which has a combination ot' torpedo, hydroplane and aircraft, has successfully undergone trials by tlie italijin navy, anil (he Italians are shortly going to incorporate it with their ordinary naval armaments. In Its existing form the apparatus has a powerful aero-motor and propellor und l steel-lined hydroplane hull, on which lt skims across the water at express speed.

TONE OF TRADE ON FOREIGN MART IS DULL Dollar Rails Recede, British Rails Easier, With Demand Poor. MONEY RATES SLUMP LONDON, Feb. I.—The stock market was dull yesterday and the lack of business generally had a depressing effect on such shares as was traded iu. Renewed weakness in Indian bonds featured tlie gilt edged market, which unable to shake off the apathy of the last few days. Stagnation also characterized foreign bonds, but prices werafftrin except the Japanese issues. Home rails were easier, the demand being insufficient to maintain prices. Dollar rails receded. Canadian Pacific losing half a point, while foreign rails were irregular. Industrials generally were weak, including iron, steel and engineering. The oil shares were upset by the proposal to increase the capital issue of shells. Mexican Eagles were quoted at 3 21-32, shells at 4 5-’.6-and-Royal Dutc-k at 33%. In niinings, Africans aud Americans both ‘sagged considerably. More coiuforlable conditions obtained in L oln,lar, 4 street and overnight money was down to 2% Per cent iu some cases, with fixtures at 3% per cent. —Copyright, 1922, by I’ublic Ledger Company. Would Put Soldiers To Work in Hospitals WASHINGTON, Feb. I.—Hospitals for wounded veterans built entirely by sound veterans of the World War is the proposal made here by Director Forbes of the Veterans' Bureau. The director made his proposal in connection with the $10,000,000 construction program provided in the Langley bill now in Congress. Director Forbes declared such a move would materially relieve the uriemployment situation. ‘•There are enough veterans of the World War n<jw out of employment to furnish an atmry of to carry out any building plan contemplated,” said Forbes. “Among the veterans out of work are mechanics of every line, draughtsmen, men from every one of the building trades and plenty of livewire executives. We could build every hospital provided in the Langley bill without going outside the ranks of veterans for the necessary workers. I heartily recommend that all work on the hospitals for veterans be turned ever to unemployed veterans. They can do the work, and completed buildings could ba permanent monuments to the ingenuity of American soldiers.” Picture Brides Invade Hawaii HONOLULU, T. H.. Feb. I.—Fourtoe* thousand six hundred and eighty-*!* Japanese “picture brides” have entered the Territory of Hawaii during the decade of 1910-1020, according to official flgures just made public by the local immi gratc-p authorities. This means that 14.000 new Japaas families have been set up in the islandn during the ten-year period, an averagn of 1.400 new families each year. Japanese families average about (to children each, which means that thn Japanese brides arriving during the I*Bl ten years represent the potential nuclanu of a,tt additional increase to the Jnpanaft! population of 1910 of about 95,000. Immigration authorities state that thi nnrnber of new “picture brides” arriving in Hawaii remains almost constant, th* arrivals for 1921 now approaching tL average of 1,400. Philadelphia Girls Users of Cosmetics PHILADELPHIA, Feb. I—The Quaker City uses more cosmetics than auj other in the country, according to collectors- of Federal tux on luxuries fcevi. “Save the surface and you save 11** seems to have been borrowed by the fair sex from the paint Industry, and dive-1 up to, for the total amount of business in disguises for the complexion according to the figures submitted for taxation is apprOximat-dy $6,000,000. The sale of rouge in Philadelphia b# one local concern amounts to $125,000 an nuall.v. This is but one of the linns manufacturing cosmetics here, not to mention dealers who import their ware* from abroad. Au atempt to obtain figures on the number of lipsticks sold in the beauty parlors meets with a gesture of despair and tne words “Beyond counting 1”

First Oil Exposition To Be Held in West KANSAS QITY, Md., Feb. I.—Kansas City will have the honor of staging the first peri-oleum exposition ever held in the United States, this spring. The exposition will be or an educational nature and will be conducted by the Oil Men's Club of Kansas City In Convention Hall, April 4 to 7. The arena floor of the immense hall will be devoted exclusively to exhibits by the larger refining companies. Several of the large refining companies, such as the Sinclair Refining and the Indiahoma Refining have notified E. C. Winters, chairman of the club, tMSt they will participate in the show. Danger in Aerials. PITTSBURGH, Feb. I.—Everybody around Pittsburgh appears to have gone “looney" over the wireless telegraph and particularly the wireless telephone. Re- ‘ cently a good nlany persons have been hitching their aerials to anything handy. Including poles and overhead structures which carry high-power electric wires. The polite department has Issued a sharp warning against such practice, pointing out that It is dangerous to life and property. “Attach your aerials to something that does not carry heavy electric currents," warns the police department. ‘Ace’ Applies to Legion OMAHA, Neb. Feb. I.—Captain Eddie Rickenbacker, famous American "ace" in the World War, has filed application for membership in the Omaha chapter of the American Legion. Although at present an automobile manufacturer In Detroit. Mich., Captain Rickenbackef’s petition says he regards Omaha as his home. Lumberjacks Wanted. PORTLAND, Ore., FeV. l.Xumbcrmen in the Pacific Northwest nave announced that they will soon be operating their lumber camps with an employment double that of last year. The announcement was follovyed by a feeling of optimism regarding the unemployment situation in this section. The lumbermen plan to operate on such a large scale that they even anticipate a shortage of labor in some classes. Boys Lose Pup in Fire BEIXAIRE, Feb., I.—“ Gyp" is dead. The pup was the mascot of a “club” formed by local boys who left him locked in a “club house" which they built of store boxes. The' place burned and with it Gyp.