Indianapolis Times, Volume 34, Number 229, Indianapolis, Marion County, 3 February 1922 — Page 16

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SHORTAGE IN OFFERINGS ON STOCK MARKET Buyers Find Shares None Too Plentiful and Prices Turn Upward. COMMODITIES IN GAIN Special to Indiana Daily Times and Philadelphia Public ledger. BY MONITOR. NEW YORK. Feb. 3.—lt would be difficult to explain the strength of yesterday’s market on any other than technical grounds. News of an important character was lacking, and one might almost say, absent. Nevertheless, the market had a stiff undertone, and the volume of transactions showed a gain of 40 to 60 per cent over that of the last two or three days. At the same time, the total was only about three-quarters of a million shares. Buyers, however, found stocks in none too plentiful supply. It made little difference to what group or issue one turned, the situation was In most respects similar. Steels, coppers, motors, oils and specialties quickly made an upward response when buying made its appearance. Pools had some difficulty In getting back stock recently sold for the purpose of establishing buying power when needed. Commodities turned stronger. Cotton had an early- break, but was firm at the close at a recovery of 30 to 40 points from the low level of the morning. Wheat sold higher than it has been in months, while foreign exchanges were strong, with the exception of Italian lire which declined on the new cabinet upset. Strength developed in the steels along rather broad lines. Oils were higher, and among the buoyant specialties were Cluett Peabody, Phillips-Jones, United Fruit, Electric Storage Battery, Davison Chemical. International Paper and Punta Alegre Sugar. Third Avenue was the strongest of the local tractions. American Ice ran up to anew high level, but a subsequent reaction left it unchanged. Market movements have more to do with making sentiment, than sentimen* has to do with the making of markets. It Is therefore pertinent to note that sentiment throughout the Street once more takes on an undertone of confidence. The difficulties reported to be confronting the soldiers' “bonus” bill have given ground for encouragement.—Copyright, 1922, by Public Ledger Company.

By Monitor, Wall Street Gossip. With a paucity of news which might affect security prices, quotations for practically all classes of stocks advanced vigorously through the day’s session. The technical position about which much is written and little understood, really was the dominant factor in the activity. Wednesday the situation in many speculative favorites was such as to cause genuine alarm among pool managers. In at least four cases pool managers had sold ail of their speculative holdings in an attempt to keep quotations down. The short Interest was of such magnitude that these offerings not only were absorbed. but anew short interest was created. The result yesterday was the Inability of many pools to furnish stocks In response to the demand from both the professional trading element and outsiders. There is no indication at the moment that this situation will correct Itself for several days. Among the spectacular movements of the day the advances of more than twelve points in Phillips-Jones and of mote than seven points In Cluett Peabody. Ten days ago it was reported that Manhattan Shirt Company would be the third member of a merger embracing the other two. Neither confirmation nor oerilat was obtainable, nor has any official statement been made. The action o these stocks In recent market sessions confirms the nmor in the minds of the trading element. -if - Pr ,ilt Since last summer when I nlted fruit sold below piir, professionals have persisted in selling the stock short * tom time to time it was reported that the company has sustained great losses on Its sugar business. It develops now that the loss was less than one-sixth ot a cent per pound, or approximately $500,000. as compared with total earnings of nearly $15,000,000. The shorts found little stock with which to cover their commitments in today's niarket. Considerable selling has occurred in Anaconda as a result of the proposal to exchange its shares for those of Arnerlcan Brass. The actual transfer of Anaconda certificates to American Bra®* shareholders will occur Feb 10. it is understood. Many of these holders are not waiting until then to sell their stock, but are letting it go now. This creates a technical short interest, aand accounts In part also for the relative heaviness of Anaconda. Failing in their attempts to recover stock sold to check the advance and bring about a reaction in the motor shares, interests which have been active In the recent advance in these stocks have turned again to the buying side and are attempting to regain their speculative holdings, according to reports In usually well-informed circles, ibe short interest In these stocks is of unwieldy proportions, and It is understood that when the Chicago motor show closes at the end of this week some exceedingly optimistic news on the motor shares may be forthcoming. The steel stocks became aggressive in the last hour. United States Steel crossed Rf! on a large volume of trading just before the close, and ended the day at the highest quotation. Republic and Lackawana also were well bought. Os the minor issues a speculative group operating in Vanadium brought about a substantial advance in its price. The more hopeful tone of the weekly trade reviews was responsible for considerable amount of outside buying according to wire house reports. In presenting a report of operations for December and for the year, the directors of the Southern Pacific Railroad issued a statement calling attention ot seeming discrepancies in the figures. In accordance with the order of the Interstate Commerce, it is necessary, the officials say, to include certain unaudited items of expense. Three involvev largely estimates of claims, and while appearing as obligations really are items against the Government during the period of Federal guarantee. For December operating revenues show a decrease of $4,783,175. Operating expense decreased $399,157. Net operating revenues decreased $4,384,018, and the net deficit after rents, etc., increased $4,935,826. For twelve months operating revenues decreased $12,775,139. Operating expenses decreased $29,541,527, and net operating income after rents, etc., increased $14,034,447. With (hese estimated Items eliminated, the report says that the net operating income for the month is $1,581,192, and for the year $37,828.068, which is about $4,000,000 more than given In the statement under the I. C. C. orders. The annual report of the North American Company to be Issued in a few days, will, it is understood, show a balance for the common stock more than 25 per cent greater than in 1920. In that year after allowing for the full year’s dividend on the preferred now outstanding, the balance was equal to about sls per share on the present outstanding common. Directors of the May Stores declared the regular 2 per cent quarterly dividend on the common stock, and 1% per cent on the preferred. In well informed circles, the report that an extra dividend would be declared was deprecated, but the rumor persisted. It is understood that there were buying orders placed just under the market in a number of stocks on the theory that with the declaration of dividends the whole market would react. It did nothing of the sort. Call money opened and renewed at 5% per cent, at which rate practically all of the day’s business was done. Just before 2 o’clock the rares declined to 5 per cent. Bankers said that this indicated that the shortage of funds Wednesday was due in great measure to payments of the issue of three-year treasury bonds.—Copyright, 1922, by Public Ledger Company.

v N. Y. Stock Exchange (By Thomson A McKinnon) —Feb. 3. Prev. High Low Close Close Adv.-Rum. com. 12 11% 12 11% Ajax Rub 15% 14% 15 15% Allied Chem. ... 09% 58% 58% 58% Allis-Chalm. ... 45% 45% 45% 45% Am. Ice 99% 94% 94% 96% Am. Bosch Mag. 37% 35 36% 35 Am. Can 38% 37% 37% 37% Am. C. & Fy.. 146 145% 145 % 146% Am. H. &L. com 15% 14% 15 14% Am. H. &L. pfd 65 64 % 64% 64 Am. Int. Cor. .. 42% 41% 41% 41% Am. Loco 108 106% 107 107 Am. Steel Fy... 32% 31% 32 31% Am. Smelt &K. 46% 46 46% 46% Am. Sug. Ref... 67% 66% 66% 66% Am. Su. T. Cos. 29% 28% 29% 29% Am. Tel & Tel.. 118% 118 118% 118 Am. Tob 136% 134% 135% 134% Am. Woolen 83% 82% 83 82 Anaconda 49 48% 48% 48% Atchison 90% 90% 96% 90% At. Coast Line.. 88% 88 88% 87% At. G. AW. 1.. 27% 26% 27 26% Baildwin Loco.. 98% 97% 98% 97% B. & 0 34% 34 34% 24% Bet. S. (8)... 62 61% 61% 61% B. R. T 12% 12 12 12% Cal. Pete 49% 48 48% 48% Can. Pac. By.. 120% 124 124% 124% Cent. Leather... 32% 32% 32% 32% Chand. Motor.. 63% 60 62% 59% C. & 0 56% 55% 56% 56 CM. & St.P.com 18% 18% 18% 18% C.M. & S.P.nfd 31% 30% 31% 31 Chi. & N. W... 64% 63 64% 63% C..R.1. & Pacific 32% 31% 32 31% C.R.l.&’P.6pc pfd 73% 73 73% 72 C.R.I.AP.Tpe pfd 88 87% 87Vi 86 Chili Copper ... 17% 17% 17% 17% Cluett & P 60% 57 57 % 59 Comp. & Tab.. 68% 67% 68 08% Chino Copper . 26% 26% 26% Coca Cola 44% 44% 44% 44% Col. F. & Iron. 26% 26% 26% 26 Con. Gas 91 90% 91 90% Con. Can 56% ' 54% 56% 04% Corn Prod. ...104% 103(4 103% 102% Crucible Steel . 62% 61% 61% 62 Cuban Am. S. . 18% 18% 18% 18% Cuban Cane S.. 10 9% 10 9% Del. & Hud. ..109% 108% 109% 107% Del. & Lack. ..113% 113 113% 113 Dome Mines .. 23 22 % 23 22% Erie 9% 8% 9% S% Erie Ist pfd.... 13% 12% 13% 12% Endicott and J. 82% 81% 81% 81% Famous Play, . 80% 79% 79% 79% Fisk Rubber.. 12% 12% 12% 12% General Asphalt 60% 59% 09% 58% General Cigars. 69 69 69 68% Gen. Electric... 147% 145% 145% 146% General Motors. 9% 8% 8% 9 Gt. North, pfd.. 74 73% 73% 72% Gt. North. Ore.. 33% 31% 33% 31% Gulf States Steel 73% 70% 70% 72% Houston Oil 75 75 75 74 Illinois Central. 100% 100% 100% 100% Indiahoma 3% 3% 3% 3 yj Inspir. Copper. 39% 39 39 % 38% Inter. Harvester 83% 83% 83% 83% Internatl. Nickel 12% 12% 12% 12% Inter Paper.... 01 50% 50% 49% Invincible 0i1... 10% 15 15% 15 K. C. Southern. 23% 22% 23% 22% Kelly-Spg. Tire. 38% 37% 37% 37% Kennecott Cop. 29 28% 28% 28% Lehigh Valley. 59% 58% 58% 08% Loews, Inc 11% 11% 11% 11% Martin-Parry .. 32 31 31% 31% Marine com 15% 15% 15% 15% Marine pfd 69 68% 65% 68% May Stores ....107% 106% 107 I<<7 Maryland 0i1... 25 24% 24% 24 Mhi. Petrol 114% 112% 111 112% Miami Copper.. 27 26% 26% 27 Middle S. Oil.. 12 12 12 12 Midvale Steel... 30% 30 30 30% Missouri Pac. R. 18 16% 17% 16% Mo. Pac. Ry. p. 48% 46 47% 44% Mont.-Ward ... 13% 12% 13% 13 National Lead.. 92 91% 91% 90% Nev. Con. Cop... 14% 14% 14% 14% N. Y. C 75% 74% 75 74% New Haven ... 6% 16V, 16% 10% Nor. & West... 99% 99 * 99% North. Pac 78% 77 78 77% Ok. P. A It. Cos. 2% 214 2% ”% Owen Bot. com 27 26% 26% 27 Pacific Oil 45% 45% 45% 40.% Pan-Ain. Pet. .. 52% 51% 52 01 % Penua Ry 31% 34% 31% 34% Poo. Gas 69% 69% 69% 69 Pere Marq 21 20% 21 20 Pierce-Arrow ... 15% 15% 15% 14% Pier. Oil C 0.... 10 9% 9% 9% Pul. Pal. Car.. 113 112% 112% 111 Pure Oil 35% 34% 35 31% Reading 73% 72% 73% 52% R Iron & Steel 53% 52% 52% 52% Rep. Steel 31% 31% 31% 31 Roy. Dt. of N.Y. 50% 48% 49% I- % Sears-Roebuek . 02% 01% 02% 61% Sinclair 29 19% 19% 19% I S-Sheff. S. & I. 41% 41 41 So. Pacific.... BV% ffl% 82% si% Southern Ry.... 18% 17% 18% 17% S. Oil of Cal... 95% 94% 94% 94% S. Oil of X. J. .181 179 179 180 St.L. & SF.com 22Vi 21% 22% .... Stew. & Warner 28% 28 28% 28 Strom. Curb... 49% 39 40% 35% Studebaker 92 90% 91% 90’ Tex.(4. A Sul. 45 44% 44% 4t% Tex. C. & Oil. 25% 25 25 21% Texas Cos 45% 44% 45 44% Tex. & Pacific. 31 29% 30% 29% Tob. Prods 64% 63% 63 % 63% Trans. Oil 9% 9% 9% 10 Union Oil 19% 19% 19% 39% Union Pacific .129% 127% 129 127 United Drug.... 69 69 69 69% United Fruit ..135% 134% 135 135% U. S. Retail S.. 55% 55 55% 55% U. S. Food P... 3% 5% 5% 5% U. S. In. A 45 44 44 44% U. S. Rubber... 55% 54% 54% 54% U. S. Steel 87 86% 86% 86% IV S. Steel pfd.115% 115% 115% 117 Utah Copper .. 63% .62% 63% 63% Van. Steel .... 35% 34% 34% 34% Wabash 6% 6% 6% 6% Wabash Ist pfd. 20% 19% 20% 19% West. Pacific... 16% 10% 16% P* West. Union ..91% 91% 91% 91% West. Elec 52% 51% 51% 51% j White Motors . 39% 39% 39% 39 Wlllys Over. .. 5% 5% 5% 5% White Oil 9% 9% 9% 9% Wool worth ....152% 151 152 150 Worth. Pump .47 46% 47 ....

In the Cotton Market NEW Y'ORK, Feb. 3 March was 7 points lower and other months unchanged to 15 points higher at the opening of the cotton market today, but the nearby deliveries rapidly recovered and sold 15 points above the previous close on active covering similar to that which occurred late yesterday. Wall street, local operators and spot concerns were the buyers while Liverpool, New Orleans and the South sold. Cables were poor, but exerted little influence. Later the entire list shared the strength of March and at the end of the first fifteen minutes showed net gains of about 15 points. New York opening cotton prices: March. 16.80 c: May, 16.50 c; July, 16.09 c; October. 16.01 c; January. 15.50 c. The market was steadier in the late dealings, closing at a net advance of 7 to 15 points. —Cotton Futures— Open. High. Low. Close. March 16.80 17.03 16.75 16.92 May 16 50 10 74 18.48 16.64 July 16.09 16.29 16.07 16.20 October 15.60 15.81 15.61 15.73 December 15.77 15.77 15.60 15.60 LIVERPOOL, Feb. 3. —Spot cotton opened unchanged today, with sales around 8.000 bales. American middlings, fair, 11.53d; good middlings, lO.lOd; full middlings, 9.70d; middlings. 9.35d; low middlings, 8.40; good ordinary, 7.15(1; ordinary, 6.40(1. Futures were steady during Initial dealings. NEW YORK LIBERTY BONDS. —Feb. 3 Prev. High. Low. Close, close. Liberty 3%s 95.70 95.40 93.40 93.70 Liberty 2nd 4s 96.40 Liberty Ist 4%5.. 96.76 96.40 06.50 96.70 Liberty 2nd 4%s 96.52 96.30 90.40 96.42 Liberty 3rd 4%s 97.46 97.30 07.40 97.40 Liberty 4th 4%s 90.72 96.40 90.56 90.60 Victory 3%s 100.2S 100.24 100.24 100.28 Victory 4%s 100.28 100.22 100.24 100.28 NEW YORK WOOL. NEW Y'ORK. Feb. 3—Wool prices ruled about steady in trade on the mar ket here today. Domestic fleece. XX Ohio, was quoted at 25@39c per lb; domestic pulled, scoured basis, at 18@47c and Texas domestic, scoured basis, at 40@75c. NEW YORK HIDES. NEW YORK, Feb. 3. —Hides were firm in trade on the market here toda.y. Native steer hides maintained their long standing quotation of 16e per pound, while branded steer hides sold at 15@ 15%c. NEW YORK PETROLEUM. NEW Y'ORK, Feb. 3.—Petroleum prices ruled steady in trade on the market here today, Pennsylvania crude petroleum maintaining its long-standing price of $3.25 per barrel.

STOCK MARKET TONE IS FIRM Rails in Good Demand During Final Hour of Trade. NEW YORK, Feb. 3.—The stock market closed firm today. United States Stel held around 86% and Baldwin Locomotive 98. The railroad shares in good demand. Otis Elevator had a sudden advance of 5 points to 130. There was some profit-talcing towards the close on which American Ice fell 5 points to 94% and Cluett Peabody reacted 3 points to 57. Chandler Motors receded over 1 point to 62% and Mexican Petroleum held around 413%. Government bonds were unchanged and railway and other bonds strong. Total stock sales for the day were 823,800 shares; bonds, $14,532,000. (By Thomson & McKinnon.) —Feb. 3. One fact has been clearly demonstrated during the last two sessions of the stock market—that they do not need any mews to advance, values. All that is required Is a sufficient number of buying orders, no matter whether there Is unfavorable news or no news. The fact of the matter Is that, based on actual conditions as reported, it would have been sufficient If the market had held its position of a week ago; but with traders confident of their position and confident of the future and with support either active or passive from banking interests, it has been an easy matter for them to support the market and to attract a sufficient following to advance values further. Today, the demand was more general than during previous sessions this week. Heretofore activity was confined largely to a limited number of specialties, today a large number of issues were included In the active list and in addition the rails responded and gave an excellent account of themselves. With sentiment such as it is, constant support may be looked for but from the standpoint of the public It would seem to 11s advisable to give some attention to developments and business conditions throughout the world, to make allowance for the unfavorable factors and on each bulge to at least market a portion of holdings and then to be better prepared to take advantage of reactions. TWENTY STOCKS AVERAGE. NEW YORK, Feb. B.—Twenty industrial stocks averaged 82.86. up 1.13 per cent. Twenty active rails averaged 75.19, up .51 per cent. CLEARING HOI SE STATEMENT. NEW YORK, Feb. 3. -Exchanges, $076,900,000; balances, $84.100,000; Federal Reserve Bunk credit balances, $54,500,000. Money and Exchange Indianapolis bank clearings Friday were $2,023,000; bank debits, $4,597,000. NEW YORK, Feb 3- The foreign exchange market opened firm today, demand sterling being %<• higher at $4.30%. Francs rose 4 centimes to 8.37(a for cables and 837 c for checks. Lire yielded % of a point to 4.66 c for cables and to 4.65%c for checks. Belgian fraucs were % < entinies higher to 7 96c tor cables and to 7.95 c for checks Marks were unchanged at .0049. Guilder cables were 37.05; checks, 37c. Sweden kronen cables were 25.55 c; checks, 20.50 c. ACTIVE OIL STOCKS. (By Thomson A McKinnon.) Feb. 3. Bid Ask Atlantic Lobos 8% 8% Borne-Scrymser 320 340 Buckeye Pi..pe Line 92 94 Ohesebrough Mfg. Cons 175 185 Continental Oil. Colo 130 17,5 Cosdeii Oil and Gas 5 9 Crescent Pipe Line 34 36 Cumberland Pipe Line 140 155 Elk Basin Pete 5% 5% Eureka Pipe Line 88 90 Galena-Signal Oil, Pref 100 104 Galena-Signal oil. Com 40 42 Illinois Pine Line 167 170 Indiana Pipe Line 90 92 Merritt OH 9% u% Midwest (Ml 2% 3 Midwest Rfg 15 175 National Transit 77 79 New Y< rk Transit 150 155 Northern Pipe Line 190 105 Ohio Oil 268 272 Oklahoma P. & It 5% 5% Penn Me 17 20 Prairie Oil and Gas 530 540 Prairie Pipe Line 231 212 Sapulpa Kefg 2' 3 Solar Refining 375 395 Southern Pipe Line 96 98 South Penn Oil ..185 19.1 Southwest Penn Pipe Lines 67 73 Standard Oil Cos. of Did 86% _BO% Standard oil Cos. of Kan 560 573 Standard Oil Cos. of Ky 450 475 Standard Oil Cos. of Neb 160 170 Standard Oil Cos. of N. Y. ...355 365 Standard Oil Cos. of Ohio ...3so 400 Swan A Finch 30 45 Vacuum Oil 325 335 Washington Oil 30 35

NEW YORK CURB MARKET. (By Thomson & McKinnon.) —Feb. 3. —Clnslti g Bid. Ask. Acme Packing So t" Curtis Aero, nun 2% 3% Curtis Aero, pfd 20 25 Goldfield Con 3 5 Jumbo Extension 2 Imperial Oil (Del.) 10 10% International Pet 14% 14% Niplssing 6 % Standard Motors 3% 4 Salt Creek 14% 14% Tonopah Extension 17 IS Tonopnh Mining 1 716 1 916 United V S New 1 15-16 2 IT. S. Light and Heat 80 90 U. S. Light and Heat pfd.... 1 1% Wright-Mnrttn 2 5 Yukon Gold Mine Cos 1% 1% Jerome 28 33 New Cornelia 18 18% United Verde 28 29 Sequoyah 3 10 Omar Oil 72 80 Rep. Tire 15 25 Boston & Mont 50 31 MOTOR SECU RITIES, (By Thomson & McKinnon.) —Feb. 3 —Closing— Bid. Ask. Earl Motors 33% Packard com 6% C% Packard pfd 65 67 Peerless 35 37 Continental Motors com. ... 5% 0 Continental Motors pfd 86 90 Hupp com 13 13% Hupp pfd S>o Keo Motor Car 18% 18% Elgin Motors 2% 2% Grant Motors 1 1% National Motors 1 Federal Truck 15 17 Paige Motors 13 14% Republic Truck 7% 8 CHICAGO STOCKS. (By Thomson & McKinnon) —Feb. 3 Open. High. Low. Close. Arm. A Cos. pfd. 95 95% 95 95% Case Plow 3% C. C. C. R pfd. 5% .. ; Con. Motors 5% 5% 5% 5% Deere & Cos. pfd. 61 Earl Motors 3% Libby-McNeill . 5% *5% 5% 5% Mout. Ward 12% 13 12% 13 Nat. Leath. new 10% 10% 10% 10% Uick A o 22% 23% 22% 23% I’lggly Wig. A-- 35% ... Stewart Warner 28 -’B% 28 28®* Swift A Cos 100% KH>% 1(H) 100% Swift Inti 20% 20% 20% 20% Thotnp. (J.R.).. 41% 42 41% 41% Temtor Corn A. 4% 4% 4% 4% Union C. & C... 45% 46% 45% 46% YVahl 67% 68 67% 67% Wrigley 108% 169 108 108 Yellow Taxi.... 59% 59% 59 59% NEW YORK SUGARS. NEW YORK, Feb. 3.—Raw sugar values eased off slightly In trade ott the exchange here today. Cubas sold at 3.67 c per pound, duty paid, while Porto Ricos were quoted at 3.61 c per pound, delivered. Refined sugars ruled steady to 5 points lower, both tine granulated and No. 1 soft selling at 5,[email protected] per pound. TOLEDO SEED PRICES. TOLEDO, Feb. 3. —Cloverseed—Cash, $13.40; February, $13.40; March, $14,40; April, $13.20. Alsike —Cash. $12.15; February, $12.15; March, $12.25. Timothy— Cash, $3.30; February, $3.30 asked; March, $3.35 bid; May, $3.45. NEW YORK COFFEE. NEW YORK, Feb. 3.—Coffee values displayed a steady trend in trade on the market here today, opening options being unchanged to 2 points higher. Rio • No. 7. oa spot. Bold, at B%@9c per pound.

INDIANA DAILY TIMES, FRIDAY, FEBRUARY 3, 1922.

New York Bonds (By Fletcher American Company.) —Feb. 3 CORPORATION BONDS. Bid. Ask. Allied Packers 6s 67 69 Alum. Cos. of Am. 7s, Nov., ’25.101% 101% Ait. Ref. 6%5, Mel)., ’3l 104% 104% Am. Cot. Oil 6s, Sept. 2, '24.. 92 % 93 Amor. Tel. A Tel 6s, ’25 100% 111% Am. Tel. 6s, Oct., '22 100% 100% Am. Tel. 6s, *24 100% 101 Am. Thread 6s, Dec., ”28 100% 101 Am. Tob. 7s, Nov., ’22 101 101% Am. Tob. 7s, Nov., ’23 102% 102% Anaconda Cs, Jan., ’29 98% 98% Anaconda 7s, Jan., ’29 101% 102 Auglo-Atn. Oil 7%5, Apr., ’25.103% 103% Armour 7s, July 15, ’3O ...101% 102% Atchison Gen. 4s 87% 88% Bell of Pa. 7s 108% 109% Bell Tel. of Can. 7s, Apr., ’25.100% 101% Beth. Steel 7s, July 15, ’23...100% 100% Big Four 6s 96% 97 Can. Nor. 6%s 109 109% Can. Nor. 7s 109% 110% Can. Pac. deb. 4s 98 98% Can. Pacific 6s, Meh. 2, ’24...100% 101 % C. B. Q. Gen. 4s 86 87% C. B. Q—lll. 3%s 79% 80% C. B. Q—Neb. 4s 95 95% C. B. Q.—Jt. 6%s 106% 107% Cent. Arg. Ry. 6s, Feb., ’27... 89% 90% Chi. A N. W. 6%s 106% 107 Chi. A N. W. 7, 100 106% Col. Graph 8s 29% 31 Con. Gas 7s, Dee., '22 101% 101% Copper Exp. Bs, Feb. 15, '23.. 102 102% Copper Exp. Bs, Feb. 15, ’24..102% 1 1 61 Copper Exp. Bs, Feb. 15, '25.. 103% 104% Cuban Ain. Sugar 8s 103% 104% Cudahy 7s. July 15, ’23 100% 100% Diamond Match 7s 107 108 Du Pont 7%s 103% 103% Fed. Loan i>, '4l 102% 103% Fed. Sugar 6s, Nov., '24 98% 99 Fisk Tire 8s 101 101% Galena 7s 101% 102 Goodrich 7s, Apr., ”25 97 9i% Goodyear Ist Bs, '4l 11% 111% Goodyear Deb. Bs, ’3l 97% 98% Great Northern 7s 107% 108 Grand Trunk 6s 102 102% Grand Trunk 6%s 103% 103% Grand Truck 7s 110% 111 !Gulf Oil os, July, '23 100% 100% Gulf Oil 7s, Feb., ’33 102% 103% | Heinz 7s, Dec., ’30...., 104 104% I Hocking Val. Os. Meh., '24 95% 95% Humble Oil 7s, Mcli. 15, ’23...100% 100% ill. Cent. Ref. 4s, ’55 83 % 84% Inter. Met. 4%s 18% 19% ! Inter boro 5s 64% 65% [int. It. T. Bs, Sept., '22 82 % 83 !K. C. l’r. A Lt. 8s 103% 104% |K. C. Term. 6s, Nov. 15, ’23.. .100% 10% i Kelly-Springfield 8s 102 102% ! Kenn. Cop. 7s, Feb., '3O 106 lOti-S, 1 Laclede Gas 7s, Jan., ”29 95 9>% Libbv-McNell 7s, May, ’31... 99 99% L. A N. 7s, '3O 107% 108% Mex. Pet. 8s 99% PH) Minn.. St. I’. & S. S. M. 6%5..10i% 101% Morris 7%s 102% 103 Nth Bell 7s 107% 108 Natl. Leatb. Bs, Nov. 15, '25... '.*7 99 N. Y. Central 7s, 30 100% 1"0% N. Y. Tel. Ref. 6s. ’4l 102% 103% N. Y. Edison 6%5, '4l 105% 106% Nor. Pac. P. L. 4s 84 $-> ! Nor. Pac. G. L. 3s 59% 00% | Nor. Puc. 6s 106% 107% Packard 8s ,99% 100 ! Pail-Amer. Pet. 7s 95 SHi Penn. 6%s 105% 106% Penn. 7s 15% BH>% i Philippines 5%5, '4l H 105 I Proctor A G. 7s. Meh., ’22 ...100 100% Proctor A G. 7s, M b., ‘23... 101% 81% K .1. Reynolds 6s, Aug. ”22. . .I<hi% I'd Seaboard Con. 6s 43% 44 Sears Roebuck 7s, Oct. 15. '22.1(H) 100% Sears Roebuck 7s. Oct. 15, '23 98% 99 Sinclair 7%5, May 15, ”23 ’.O'* HH) Solvay A Fie Ss, Oct. ”27 1”2% 103% Southern Ry. os, Meh, '22.... 99% lot's South. Ry. 6%s 91% 94% St. L.-San Fran. I’. L. 4.5.... 68% 68% St. L.-Snn Fran. Adj. 6s .... 72% 72% steel A Tube 7s 98% 99 S W Bel! Tel. 7s. Apr. ’25...101% l'l% St.l id! iCal.) 7s, Jan., 1. 105% KV.-, St nil . N Y.i 7s. Jan . ’25-'3t I<V. 110% St Dll (NY) 6%. May. ’33.10*5% i06% St. Paul F 1> 5%s Dec. 15, ”23 99% !'"'% Swift 7s, Oct, 15. ’23 1"0*; I**l Su Ift 7s. Aug. 15. '3l 101% 102% Texas Cos. 7s, Mu, 1, ”23 lo .% I*l % Tidewater Oil OF % ...101% 101% Union Tank Gar Vs 1 "'2% B'3 F. S. Rubber 7%s 104% l<w% Ft ah Sis*. Its Sept. 15, '22 98 98% Vacuum Oil 7s 107 P'7% \ Va. Car Chem 7%s 92% 93 West“rn El 7s, Apr., ’25 9*4% 104% i WesFn Union o%s 107% l'R% WcstlnghouKo 7s, May, ’31.. .105% T>6% ! Wilson 7% 95% 96 Winchester 7%a 97% 98

FOREIGN GOVERNMENT BONDS. (By Fletcher American Cos.) Bid Ask Arg. (Unlisted) 5s Sept V. ’45 75 Arg. 7s Oct.. ’23 '!?* % Belgian 6s Jan. 1, ”25 ‘"j Belgian 7%s June 1. 45 llm% 10. Belgian 8s Feb. 1. ’ll .10-. % l''*' Berne 8s Nov. 1. *45 ....l ,ts los% Brazil Ss June 1, 'll 103 104% Chile 8 S Oct 1. ’2O 100% 100% Chile 8s Feb. i, '4l JOl 101% Chile 8s Nov, 1. '4O 1 00 166% Christiania 8s Oct 1 ’45 106% 107% Copenhagen 5%s July 1. ’44.. 87% 88% Danish Mud 8w Feb 1, '4O. ...107 K)i% Denmark 8s Oct 15, ’45 108% 109 •Canadian 5%a Dec. 1. ’22.... 95 % •Canadian 5%s Nov. 1. 23. .. 91% 95 ■* •Canadian 5%s Nov. 1. ’24.. 04% •Canadian 5s Dec 1. ’25 J : % Canadian 5s Apr. 1. ’26 97 , 97% ( 'ana* I lan •"* 1 k D* if \ 1. '-** ' * Cnnadiim Anjr 1. '2D Canadian 5s Apr 1, *31... J!)’ * •Canadian 5s Oct. 1, 31 9U > 91% Canadian 5%s Nov. 1. ’33 97% 98% •Canadian st-.s Nov. 1, ’34.... 9L‘s •*• l ’i Canadian 5s Meh. 1. ’37 95% 96% •Canadian 5%s Dee. 1. ’37 ... 90% 100% •French (Viet.) 5s Opt.. ’31.. 62% 64 •French Is Opt., ’43. |9% ol French 7%.s June 41 9L>* 95 French Bs* Sept. 15, ’45 100% 100% Jap (Ist) 4%s Feb, 15, ”2o 87% £7% Jap (2d) 4%s July 10. 25.... Jap 4s Jan 1, ’3l 76% 74 Mexico 4s Jan., ’54 42 42% Norway 8s Oct. 1. *4O .109% HO Queensland 7s Oct. 1, ’41....10(t% 106% ttio de Janeiro 8s Oct., 46... .100% 100 va Sao I’nulo 8s Jan. 1. ’36....100% 100% Swedish (is June 15. ’39 96% 97 Swiss s%f> Aug. 1, ’29 97% 97% Swiss 8s July 1, ’4O 113% 114% U. K. 5%s Nov. 1, ’22 KH>% 10l U K. 5%s Aug. 1. ’29 102 102% I'' K. sL'.s Fid). 1, ’37 98% 98 s Uruguay *Bs Aug. 1. ’46 163% 104 Zurich 8s Oct. 15, ’45 108 108% Bergen 8s 105 105% Argentine 4s A. A 0 52% 53% Argentine 4s .T. A J 53 '”'?••* Dutch indies 6s '*4% 94% Siene 7s 905$ 90% •Internal loans. Local Curb Market (By Newton Todd.) —Feb. 2 Am. Hominy com 14 20 Central and Coast Oil 2 Choate Oil Corp., % % Colutnl ia hire ins. Cos. 6 7% Comet Auto % 2 Dayton Rubber Ults 43 55 Dictograph Prod, pfd 31 42 D. W. Griffith 6% 7% Elgin Motor Car 1% 2% Fed Flu. Cos. pfd 77 87 Fed. Fin. Cos. com 123 135 Gt. Sou. Prod. A Ref 4% 3% Goodyear T. A It. com 10 13 Goodyear T. A A. pfd 23 27 Ind Rural Credits 50 60 Metro. 5-500 Stores cum 6% 10 Metro. 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 60 U. S. Mtg. Cos. Units 15(1 16-4 BANK STOCKS. Commercial Nat. Bank 71 81 Cont. Nat. Bank 100 116 Ind. Trust Cos 175 IDO Ind Nat. Bank 260 270 Mer. Nat Bank 280 Security Trust Cos 130 State Sav. A Trust 91 96 Union Trust Cos 300 Wash. Bank A Trust C 0... 150 NEW YORK METAL MARKET. NEW YORK. Feb. 3.—Copper—Weak; all positions offered 13c. Lead —Weak; spot and January, [email protected]; February and March, [email protected]. Spelter—Weak; spot, January and February offered 4.50 c; March offered 4.60 c. NEW YORK RICE. NEW YORK, Feb. 3.—Rice was in good demand in trade on the exchange here today and prices ruled about steady. Domestic was quoted 'at 3@7%c per pound. NEW YORK TURPENTINE. NEW YORK, Feb. 3.—Turpentine sold at 93%e per gallon in trade on the market here today.

SWINE 10 TO 25 CENTS HIGHER With Light Receipts. Cattle Prices Rule Strong. RANGE OF HOG PRICES. Good Good Good Jan. Mixed. Heavy. Light. 26. $S.75@ 8.90 $8.50® 8.75 $8.90® 9.00 27. 8.90® 9.16 8.60® 8.85 9.25® 9.85 28. 9.00® 9.25 8.7 ,® 9.00 9.35® 9.50 30. 9.25® 9.50 9.00® 9.25 9.50® 9.65 31. 9.25® 9.50 9.00® 9.25 9.50® 9.75 Feb. 1. 9.15® 9.35 8.90® 9.15 9.35® 9.50 2. 9.25® 9.40 9.00® 9.15 9.40@ 9.50 3. 9.40® 9.65 9.16® 9.25 9.65@ 9.75 With fresh receipts running close to 3,000 a holdover of 1,500, both local packers and shippers with eastern house | connections showing good demands and stronger price tendencies early elsewhere ,swine priced were 10 to 25c higher in trade on the local live stock exchange today. Trade was very active and practically all of the receipts had been sold at a very early hour in the forenoon, j Cattle prices ruled strong to a shade i higher, with receipts light at around 400 and the packers displaying fair demands. There were very few steers of any grade on the market and but few good heifers and cows. The bulk of the receipts were of the common to medium i grades. Bulls were In fair demand at ' steady prices. The quality was fair. Veal prices ruled strong generally, due to a good demand by both local butchers and shippers with eastern city connections. 'Receipts were light at 400 for the clay and the quality was generally poor. There was a top of $13.50 on good veals while the bulk of that trade brought $12.50)0,13. There were really no choice veals on the market. Both sheep and lamb values steady, with receipts around 200, the quality fair and the demand good. . HOGS. Best light hogs, 150 to -180 lbs. average $ 9.65@ 8.75 Over 3*JO Us 9.15 150 to 300 lbs 9.15® 9.75 Sows 6.75® 7.75 ! Stags 6.50® 7.25 ; Rest pigs, under 140 lbs 9.50® 9.75 | Bulk of sales 9.25® 9.65 i Top 9.85 —Cattle— I Prime corn-fed steers, 1,300 ; to 1,800 lbs 6.75® 6.55 i Good to choice steers, 1,200 to 1,300 lbs 6.25® 6.75 Good to choice steers, 1,100 to 1,200 lbs 5.75® 6.25 Good to choice steers, 1,000 ! to 1,100 lbs 5.50® 5.75 (Common to medium steers, | )HK) to l,O<)0 lbs 5.25@ 5.50 —Cows and Heifers—- | Good to choice heifers 6.50® S.OO ' Medium heifers 5.00® 6.50 Common to medium heifers. 4.50® 500 Good to choice cows 3.75® 5.75 Fair to medium cows 2.25® 3.50 j Cutters 2.25® 4.25 I Caliners 1.50® 2.25 —Bulls—j Good to choice butcher bulls.. 44)0® ,5.00 Bologna bulls 3.00® 3.75 j Light bologna bulls 2.50® 2.75 1 Light to common bulls 2.00® 2.50 < alves— Choice veals 12.50® 13.50 i Good veals 9.40® 10.50 I Medium veals 7.50® 8.50 Lightweight veals 7.50® 8.50 j Common to heavyweight veals 6 00® 7.50 —Stockers and Feeders — Good to liolce steers under 800 tbs 4.75® 5.50 (Medium cows 2.50®. 4.00 j Good cows 3.7.4® 4.50 Good heifers 5.00® 6 .40 Medium to good heifers 4 00® 475 Milkers [email protected] —Sheep and Lamb*— Ewe* 1.50® 5.4)0 Bucks 2.41® 3.50 Good to choice lain! s [email protected] Seconds 7.50® 9.00 Buck lambs 7.00®, 8.00 • Culls 3JKS*®, 0.00

Other Livestock CHICAGO, Feb. 3.—Hogs—Receipts, 24.(HHI; market, active and steady to 25c higher; lights, 10 to 2,4 c higher; others, steady; bulk of sales, $8.8.4®!).25; top, $9.50; heavies, jsvwq'j; mediums. $8 9.49$ 9.40; lights, $9.25®901>; light lights. $9.24) @9.50; heavy pm king sows, smooth. $7 90 @8.40; packing sows, rough $7,6.4® 8; pigs. [email protected]. Cattle—Receipts, 4.4****); market, active and steady to strong; beef steers, choice and prime, $9.15® 10; medium tuol good, $7 25®9.15; good and choice, [email protected]; common and medium. $f,®8.15; butcher cattle, heifers. [email protected]; cows, s4®;i’>.2s; bulls, $3.73® 5.75; can tiers and cutters, cows and heifers. $2.75® I; dinner steers, $3 25® 1.25; veal calves, sß® 11; feeder steers. $3.15®, 0.90; Stocker steers, $4.50®6.73; Stocker cows and heif era, $3.40®4. .Sheep and lambs —Receipts, 6.0OO; market, steady generally; good to choice lambs, sl2® 14; cull and common lambs, $9 .40® i 1.74 ; yearling wethers. $9 75 @l3; ewes, $5®7.75; cull and common ewes, $2 .40® 4.75; feeder lambs. slo.4o®' 12.75 CINCINNATI, Feb. 3.—Hogs—Receipts, 6,500; market, sternly to 2.4 cents higher; heavies, $9 @9.50; mediums, lights anil pigs, $9.75; mixed, [email protected]; roughs, $7 2.4. stags. $5. Cattle- Receipts, 3,500; market, slow steady; bull*, weak; cyrtves, sl3 50, Sheep and lambs -Receipts', 400; market, strong; ewes. sl®6; choice lambs sl3® 13.50; seconds, $9®9.50; culls, so@7 PITTSBURGH, Feb. 3.--Hogg--Re-ceipts, 1,500; market. 50 cents lower; prime heavies, s9,s<)® 9.60; mediums, $lO 40 @.10.50; heavy yorkers, $lO.-40® 10.,40; light yorkers, $10.40® 10.50; pigs. $lO 40® 10.50 ; roughs, $7 .0 7 4.4; stags, [email protected]; heavy mixed, $9.75® 10. Cattle —Receipts, 50; market, steady. Calves—Receipts, light; market, 50 cents lower; veal calves, sl3; heavy and thin calves, $4.50®.8.50. Sheep and lambs—Receipts, 1,200; market, steady; prime wethers. [email protected]: good mixed, $7.55® 8 05; fair mixed, so.lo® 7.10; culls and commons, $2.60® 4.10; choice lambs, sl4 35. EAST ST. LOUIS, Feb. 3.- Hogs—Receipts, 10,500; market, slow and steady; mixed and butchers, $9.15®®.25; good heavies, $8.90®9.15; roughs, $0.75(37.25; lights. $9 40® 9 .40; pigs. [email protected]; bulk of sales, $9.15®9.40. Cattle— Receipts, 1.000; market, steady; native beef steers. $7.25® 9; yearling steers and heifers, s7@7_Ss; cows. $3 [email protected]; stockers and feeders, $3.75®6.50; calves, s7® 11.50; dinners and cutters, [email protected]. Sheep and Lambs— Receipts, 200; market, steady; mutton ewes. s([email protected]; good to choice lambs, s9® 13.85; eanners and choppers, s3®4. CLEVELAND, Feb. 3.—Hogs—Receipts 2,500; market, 15 to 25 cents higher; yorkers, $10; mixed. [email protected]; mediums, $9.50; pigs, $1(1; roughs, $7; stags, $.4. Cattle Receipts, 350; market, 15 to 25 cents lower. Sheep and Lambs—Receipts, l.O(K); market, steady; top. sl4. Calves— Receipts, 200; market, steady; top, sl4. EAST BUFFALO, Feb. S.—Hoga—Receipts, 4,800: market, active; yorkers, $10®;10.25; pigs, $10®10.25; mixed, $9.50®) 10; heavies, $9®9.50; roughs, $7.25®.7.50; stags, $3.50(34.50: Cattle—Receipts. 250; market, steady; shipping steers. $7.25® 8.25; butcher grades, $7.25®8; heifers, $7 ®7.50; cows. $2.2.5® 6; bulls, $3.25®5.25; feeders, ss®<>; milk cows and springers, $25. Calves —Receipt s, 1.200; market slow; cull to choice. so® 1.4. Bbeep and lambs—Receipts, <!.<i(X>; market, active; goo dto choice lambs, $13.25® 14.25: cull to fair, [email protected]; yearlings, sß®l2; sheep, $3(38.50. CLEVELAND PRODUCE. CLEVELAND, Feb. *3.—Butter—Extra, In tubs. 43®43%c; prints, 44@44%c; extra firsts, 42® 42%c; first s, 41@41%c; seconds, 35® 36c; packing stock, 16@18c. jjggs—Fresh gathered, northern extras, 40c; extra firsts, 39c; Ohio firsts, new cases, 38e; old cases, 37c; western firsts, new cases. 37c. Poultry—Live heavy fowls. 27@28c; spring culls, 18@2C -; spring ducks, 28@30c; turkeys, 32@3 c. INDIANAPOLIS PRODUCE. Eggs—Loss off. 32@33e. Butter—Packing stock, 15@17. Poultry—Fowls, 10@ 23c; springs, 20@23e; cocks, ll@12c; stags, 13®:14c; capons, 7 lbs. and up, 30e; capons, under 7 lbs. 26c: capon slips, 7 lbs and up 30c; capon slips, under 7 lbs., 26c’ young hen turks, 8 lbs. and up 40c; voung tom turks, 12 lbs. and up 40c; old tom turks, 33c; cull thin turkeys not wanted ; ducks, 4 lbs. and up, 16@19c; geese, 10 lbs. and up, 14; squabs, ll lbs to dozen, $5 : young guineas, 2-lb. size per doz., [email protected]: old guineas, per doz*. —Local dealers are paying 37@ 38c per lb. for butter delivered in Indianapolis. .... • . Butter Fat—Local dealers are paying 33c per lb. for butter fat delivered in Indianapolis.

GRAIN PRICES CLOSE HIGHER Buying by Seaboard Features Trading in Grains. CHICAGO, Feb. 3.—Grain prices closed higher on the Chicago Board of Trade today. Buying of wheat by a house with seaboard connections featured the trading. There was a generally fair trade. Cables were again strong. The weather map showed winter temperature, with little precipitation. There was buying of corn by several of the leading houses, but offerings were light. Provisions were higher. May wheat opened up %c at $1.23% and closed up 2c. July wheat opened up %c at SI.OB, closing up l%c. May corn opened up %c at 54%c and closed up‘%c. July corn opened at 56%e, up %c, closing up %c. May oats opened up %c at 39%c and closed unchanged. July oats opened at 40%e, up %c, and closed up %c. (By Thompson A McKinnon) —Feb. 3. Wheat—Because of the considerable advances in the price throughout the week, It has been quite popular to expect some reactions in prices but none have developed, the demand from the seaboard being insistent. Liverpool and Buenos Aires, particularly the latter, maintain their previous strength. English markets are not likely to show any sustained weakness as stocks are very small and the Continent is absorbing a goodly portion of the weekly shipments. As yet, the domestic milling trade has not awakened to (he situation, trade being only fair. It seems Inevitable that demand from this source must improve as the protracted period of dullness among millers spells a depletion of flour stocks in distributing hands. New export business, as reported by the seaboard is again small, but foreigners are showing more interest In rye. This, we believe, is significant as indicating large requirements of food stuffs. Rye at over 30 cents discount, ought to prove attractive to the buyer. Reactions in wheat are not likely to be important. Corn and Oats —The strong position in wheat and the action of the market has induced a little more interest In corn, but oats are still neglected. So far as we can discover, the advancing tendency in prices is restricting the country offerings instead of Increasing them as heretofore. Based upon private estimates of farm reserves of oats, ft is deduced that mere will be an actual shortage prior to the new crop. This belug so. we may assume that there will be a still greater farm use for corn. Provisions —The statement of warehouse accumulations of hog products at Western points parallels the situation in Chicago and typifies the excellent shipping demand for hogs. Nothing has developed so far to create belief in any particular recession in prices. CHICAGO GRAIN TABLE. —Feb. 3 WHEAT— oven. High. Low. CloseMay.... 1.23% i.-6% 1 July 1.08 1.09% 1-00% 1.09% May 54% .55 Vi -04% .o^fs July 56% .57% .46% -5 I’M U ilay7!.. .39% .39% .39% .39% July 40% .40% .40% -40% 1 1900 l * May.... 1060 10.70 10.52 10.62 July.... 10.80 10 90 10.80 10.85 July.... 10.05 10.17 10.UU 10.li K •.’* •*% W% July 808 j .82 .80% .8•Nuuiinal. CHICAGO CASH GRAIN. CHICAGO, Feb. 3.—Wheat—No. 3 red spring dark, $1.37, No. 4 northern pnug dark, $1.35. i mu—No. 2 mixed. 4-F*®-;,o<* • No. - white, 41*74<it c ♦ . low, 49%'<4.50 %c ; No. 3 mixed. 4%iU No. 3 white, 4%®9%e; No. a >.UB , 48 1 -'4149%c ; No. 4 mixed, 4b -*@L .-a; . 4 whiie. *47@47%C ; No. 4 yelmw. *@4BC. Oau -No. 2 white, 37@3%c; No. 3 wniu. 34%Hi36c; No. 4 While, 33%@34%c. TOLEDO GRAIN I’HU ES. TOLEDO, Feb. 3. —Wheat—Cash, sl-32 @131; May. $1.37%. July. $1.13%. Corn —Cash, 55®56c. Oats -Cash, 3%@41 ,*c. —Cash, Ui®. Barley—Cash, 6oc.

PRIMARY MARKETS. (By Thomson A McKinnon) —Feb. 3- — Receipts—* Wheat Corn Oats St. Joseph .. 23,000 42,000 ChicUgi 52,000 1.374.1HH) 261,000 Milwaukee ... 6.000 100,000 B_,(HH) Minneapolis .. 141.000 82.000 59,000 Duluth 30,000 70,0. H) B,WO St Louis .... 73,0<)0 1.83.1HH) 102,9(0 Toledo 15,000 33,1*0 6.(00 Detroit ” 2.000 5,000 4,<HO Kansas City .. 282,(H0 80,000 31.000 Peoria ...... 1.000 167.(00 40,000 Omaha 56,000 109,000 54.000 Indianapolis.. I.ihh) 154.000 40,000 Totals 691.000 2,498.(H)0 687JHH) Year ago .. 832,000 954,000 419.0(H) —Shipments— Wheat Corn Oats St. Joseph .... 2.000 3,(Hhi Chicago 41,000 609.000 153,000 Milwaukee 29,000 4.8.0(H) Minneapolis .. 114,000 47.0(H) 93,000 Duluth St Louis 103.000 136,000 86.000 Toledo 1.000 24,000 4,000 Detroit 6,000 ... .... Kansas City .. 194,000 29.0(H) 14.0(H) Peoria 7.000 193,000 57.0(H) Omaha 52,000 13(1.(HH) 34,000 Indianapolis .. 1,000 48,1HH) Totals 517.0(H) 1,254.000 489.0(H) Year ago ..1,023,000 422,000 422JHH) Wheat Corn Oats Now York .... t 43.0(H) New Orleans 99,000 Totals 142,000 Year ago ... 854.0(H) 205,000 10,000 INDIANAPOLIS CASH GRAIN. —Feb. 3 Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat —Strong; No. 2 red. sl3o® 1.3.. Corn —Strong; No. 3 white. 51@51%e; No. 4 white, 50@%c: No. 3 yellow, 50 ® 51e: No. 4 yellow. 49%®'50c; No. 3 mixed. 50®51c; No. 4 mixed. 49@50c. Date —Strong; No. 2 white, 38%@40c; No. 3 white, 36%@37%c. Hay—Weak; No. 1 timothy, [email protected]; No. 2 timothy, $lO .50® 47; No. 1 light clover mixed, [email protected]; No. 1 clover, $18.50 @19.50. —lnspections Wheat —No. 3 red, 2 cars; No. 4 red. 1 car; total, 3 cars. Corn—No. 2 whit.e 2 cars; No. 3 white, 26 cars; No. 4 white, 10 cars; No. 5 white, 6 cars; No. 6 white, 6 cars; No. 2 yellow, (J cars; No. 3 yellow, 7 cars; No. 4 yellow, 27 cars; No. 5 yellow. 18 cars; No. 6 veltow, lt cars; sample yellow. 1 car; No. 2 mixed. 1 car; No. 3 mixed, 6 cars; No. 4 mixed, 5 cars; No. 6 mixed, 1 ear; total, 133 ears. Oats —No. 2 white, 5 cars; No. 3 white, 21 cars; No. 4 white, 2 cars; No. 1 mixed, I car; total, 29 cars. 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. i red winter and according to test for No. 3 red winter. Oats were quoted at 27c par bushel for No. 3 white or better. HAT MARKET. The following are the Indianapolis Grices for hay by the wagon toad, (levered : _ Hay-Loyie timothy, SI(UH)@I7; mixed hay, baled hay. sl7@lß, Oats—New, per bushel, 32®35c. Corn —New, per tushel, 4o@C)oc. Corn —Old. per bushel. 54@60c. YVHOLESALE 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. 22c; No. 3, 15. Loins—No. 2, 250; No. 3.18 e. Rounds—No. 2,14 c; No. 8. 12c. Chucks —No. 2. 9c; No. 3, Sc. Plates—No. 2,8 c; No. 3.7 c. NEW YORK CALL MONEY. NEW YORK, Feb. 3.—Money—Call money ruled at 51-5 per cent; high. 5% per cent; low, 4% per cent; time money was steady at 4@4% per cent. Prime mercantile paper was steady. Sterling was strong at $4.30.

Local Stock Exchange —Feb. 3 STOCKS. Bid. Ask. Ind. Ry. & Light com 60 Ind. Ry. & Light pfd 75 Ind. St. Ry 40 45 T. H. T. & L. pfd 65 Indpls. & N. W pfd 60 Indpls. & S E. pfd 60 T. H. T. & E. com 6 T. 11. I & E. pfd 15 U. T. Os Ind com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance-Rumely com 10 Advance-Rumely pfd Am. Creosotiug pfd 93 Am, Central Life 180 Belt R. R. com 66 71 Belt R. R. pfd 48% ... Century Bldg. Cos pfd 93 Citizens Gas Cos 23% ... City Service com City Service pfd Dodge Mfg. Cos. pfd Home Brewing 44 ... Ind. Hotel com 75 ' ... Ind. Hotel pfd 97 Indpls. Nat. Ins. Cos 2 Ind. Title Guarantee C 0.... 45 Indiana Pipe Lines 89 93 Indpls. Abattoir pfd 43 Indpls. Gas 44 ■... k Indpls Tel. com 2 ...* Indpls. Tel. pfd 90 Mor. Pub. Utl. pfd 48% 53% Nat. Motor Car Cos 2 4 Pub. Sav Ins. Cos 4% ... Rauh Fer pfd 46% ... Stand. Oil of Indiana 85% ... Sterling Fire Ins. Cos 7 8 Van Camp Hdw. pfd 90 Van Camp rrou. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. com 3% Vandalia Coal Cos. pfd 5% 10 Wabash Ky. pfd 20 23 Wabash Ry. corn BONDS. Broad Ripple 5s 60 65 Citizens St. Ry. 5s ;.... 73 70 Indian Crk Coal & Mine 100 Ind. Coke A Gas 5s 86 Indpls. C. & S. 5s 91 Indpls. & Martinsville 5s .... 58 Indpls. £. Norm 5s 36 41 Indpls. & N. W. 5s 47 Indpls. A S E. 5s 45 Indpls.. Shelby & S. E. os 75 Indpls. St. Ry. 4s 59 64 T. FI I & E. Ss 50 U. T. of Ind. 6s 40 Citizens Gas Cos. 55..., 86 Indpls. Gas Cos 85 Kokomo, M. & IV. 5s 83% 88 Ind Hotel Cos. 2d 5s 95 ... Indpls. L. & H. 5s 85 ! Indpls. Water Cos. 5s 94 97 Indpls Water Cos. 4%s 80 S5 Mer. 11. & L. 5s New Tel. Long Dlst. 5s 94 New Tel. Ist 6s 95 ... Indpls. T. & T. os 76 Sou. Ind. Power its 88% LIBERTY BONDS. Liberty First 3%s 95.40 95.60 Liberty First 4%s 96.28 96.48 Liberty Second 4%5, 96.12 96.32 Liberty Third 4%s 97.12 97.30 Liberty Fourth 4%5, 96 24 96.40 Victory 3*is, 100.00 Victory 4%s 100.00 100.26 —SALES—SI,OOO IndpFs. St. Ry. 4s at 59 sl,oik> Indpl’s. Water Cos. ss, at 95 SI,OOO Citizen St. Ry. ss, at 73

Weather The following table shops the state of the weather at 7 am., Feb. 3. as observed by United States Weather Bureau : Station. Bar. Temp Weather. Indianapolis, Ind.. 29.85 26 Clear Atlanta, Ga 29 96 46 Cloudy Amarillo, Texas... 30 06 22 PtCldy Bismarck. N D 29.92 —2 PtCldy Boston, Mass 29.44 3*5 Cloudy Chicago, 111 29 76 20 Clear Cincinnati, 0hi0... 29 86 28 Clear Cleveland, Ohio 29 68 28 Cloudy Denver. Colo 29 94 28 Clear Dodge City. Kan.. 3012 16 Clear Helena, Mont 29 96 24 Cloudy Jacksonville. Fla.. 29 96 *M Cloudy Louisville.. Ky.... 29 96 32 Clear Little Rock, Ark.. 30(H) 40 Cloudy Los Angeles, Cal... 30.20 40 Clear Mobile. Ala 29 98 56 Cloudy New Orleans, La... 29.98 60 Cloudy New York. N. I'.. 29.56 3$ Cloudy Norfolk. Va 29 78 50 Cloudy Oklahoma City 30.06 26 Clear Omaha, Neb 30.00 14 Clear Philadelphia. Pa... 29 64 40 Clear Pittsburgh. 1’a.... 29.72 32 Cloudy Portland. Ore 30 28 49 Rain Rapid City. S. I).. 30(H) 24 PtCldy Roseburg, Ore 30.34 38 Rain San Antonio, Texas 29 98 54 Clear San Francisco, Cal. 30.32 40 Clear St. Louis. Mo. ...... 29.94 30 Clear St Paul. Monn 29.78 10 Clear Tanipn. Fla 30.02 6*7 Cloudy Washington, D. C.. 29.68 42 Cloudy WEATHER CONDITIONS. The disturbance over Lake Superior Thursday morning haa moved rapidly eastward and Is now pausing down the St. Lawrence Valley. It has caused rHin and snow In northern sections east of the upper Mississippi River, and lias been follow ed by colder w dither, which lias now advanced southwest ward across the Alleghenies to the middle Atlantic States. Another disturbance has appeared in middle-western Canada, and temperatures have risen decidedly thence southward to Wjomlng and western Nebraska. Very cold weather prevails in the Western plateou. due to the field of high pressure overlying the Pacific region, and killing frosts were reported in tie valley of California as far south as Iresno. J. 11. ARMINGTON. Meteorologist, Weather Bureau. WHOLESALE FEED TRICES. Ton. Cwt. Acme bran .$30.00 $1.55 Acme feed 31.00 1.60 Acme midds 33.00 1.70 Acme dairy feed 42.50 2.20 E Z dairy feed 32.00 1.65 Acme H. & M 29.00 1.50 Acme stock feed 25 00 1.30 Acme farm feed 30.00 1.55 Cracked corn 26.00 1.35 Acme chick feed 36 00 1.55 Acme scratch 32.00 1.65 E-Z scratch 29.00 1.50 Acme dry mash 40.00 2.05 Acme hog feed 36.00 1.85 Acme barleycorn (not quoted) Ground barley 36.50 1.90 Ground oats 30.50 1.60 Homlick yellow 25.50 1.50 Rolled barley 36.50 1.85 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 1.35 Tankage 60.00 3.25 FLOUR AND MEAL. E-Z Bake bakers’ flour in 98-lb. cotton bags $1.40 Corn meal in 100-lb. cotton bags.... 1.40 CHICAGO PRODUCE. CHICAGO. Feb. s.—Butter—Receipts. 5.200 tubs; creamery extras. 37c; firsts, 30@36e; packing stock. 15@;17e. Eggs— Receipts, 11.0(H) cases; current receipts, 35@36c; ordinary firsts. 31® 33c: firsts. 36@36%0: checks 26®27c; dirties. 29® 30c. Cheese —Twins, new, 20@20%c; daisies, 20@20%c; young Americas, 20@ 20%e; longhorns. 20%@21cbricks. 15%c. Live poultry—Turkeys. 35c; chickens, 24c; springs. 25c; roosters. 18c: geese. 18e; ducks, 28c. Potatoes—Receipts. 85 cars; Wisconsin round whites, 51.75® 2.10 per 150-lb bag; Minnesotas, $1.65@ 1.80; Red Rivers, SI.SS. Quadruplets Born BOOTLE, England, Feb. 3—Quadruplets. two boys and two girls, were born to Mrs. Lester Frazin here. A boy and girl have since died. AUSTRIANS MIGRATING. VIENNA, Feb. 3. —Thousands of unemployed Austrians have migrated to Germany, where it Is claimed that there Is plenty of work for all skilled artisans.

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RAILS BRIGHT SPOT OF LONDON STOCKS TRADE General Tone Less Confident— Easy Tendencies Develop in Instances. MONEY RATES ARE FAIR LONDON, Feb. 3. —After a firm opening yesterday, the tone to trade on the stock exchange became less confident amL an easier tendency developed in sever* department. Strength of the previous day was not maintained in the gilt edged securities, several 1 >sses being registered in British bonds. There were few changes In foreign bonds, but most of them were downward. An announcement of another dividend sustained the home rail market, which was the bright spot In trading. Dollar rails receded further. Canadian Pacific being quoted at 143. Foreign rails fell away to a small extent. A somewhat better tone prevailed In the industrial market. Iron, steel and engineering issues were firmer. In oil shares, business was an the easy side, with shells at 4 9-32. Mexican Eagles at 3 25-32 and Royal Dutch at 33%. African minings lost a fraction of the recent recovery and Americans rallied. Money was fairly comfortable in Lombard street, overnight money bringing usually 3 per cent, but In gome Instances 2 per cent. Fixtures were 3% per cent. Bar silver was unchanged at 35%d for spot and 34%d for forward —Copyright. 1922, by Public Ledger Company. HARDING GETS PRESS APPEAL WASHINGTON, Feb. 3.—Presidential aid was sought and obtained today to have the bill granting an extension of press rights to use Pacific radios advanced toward early passage. The present law permitting press services to use Pacific radio facilities expires June 5 and Senator Poindexter, Repub J lican, of Washington, has a bill now 1M the Senate extending the privilege for five years. Poindexter conferred with President Harding and the President assured him the Administration is In favor of early passage. Marriage Licenses Ralph Hadiey 24 Francis Ruth Harness ................ 21 Edward D. Schultz 25 Emma Strubble 22 Walter T. Jone3 S3 daudie Stephens. 81 William Janies Duntar 27 Arlette Gilferto .21 Ralph Ferdinand Keiler 35 Gladys Elizabeth Wolfe 22 Fred Newsom 34 Mrs May Minnie Sehissel 34 Crawford Garr 60 Mrs. Jennie Guthrie 54

Births William and Nellie Whet sell, Thirtieth street and White River, girl. Henry and Catherine Konrad, 1425 Hiatt, girl. Le ltoy and Alberta Wallace, citv hospital, boy. Dayton and Mamie Detnar, 1912 Columbia, girl. Burton and Grace Clark, 634 North Pine boy. Roland and Ethel Kemp, 1523 Glmber, girl. George and Gladys Murphy, Deaconess Hospital, girl. George and Althea Goodyear, 2504 North Gale, boy. John and Catherine Lynsky, 1305 East Leg ran de, boy. A Charles and Katie Krause, 1317 Eugene! girl. Albert and Marie Keane, 1411 Ringold, girl. John and Luella Gray, 236 North Jefferson, boy. Herman and Hazel Totten, 844 South Mount, girl. Richard and Louise Wakeman, 15*3 West New York. girl. Eruest and Jessie Bell. 454 CentennieL boy. Lyle and Clovla Butler, city hospital, boy. Lester and Let ha Hoppes, city hospital, *><>s• „ John and Ruth Petree, 2225 Prospect, boy. Edward and Nora McGinnis, 1305 Lawton, girl. John and Hareklia Cherpas, Deaconess Hospital, girl. Joseph and Mary Linne, 2530 Broadway. boy. Thomas and Luilla Lyon. 234 Eaat Wyoming, boy. Deaths Mary O'Conner. 70, St. Vincent Hospital, broncho ppeumonla. Lord Byron Foster, 45, 941 N. Keystone, broncho pneumonia. Infant Kreilein, —, 2964 Northwestern, premature birth. Anna C. Bassett, 45. St. Vincent Hospital. streptococcic meningitis. Margaret Dugan, 74, 439 Keteham. arterio sclerosis. William Andrew Font. L IS2O S. Delaware, broneh pneumonia. John Williams, 54, Long Hospital, tuberculosis. Mary C. Riley. 1 mo., 524 Abbott, broncho pneumonia. Emma Goodwin Emery, 72, 1333 Park, hypostatic pneumonia. 'Alice Dale, 32. city hospital, chronic interstititlal nephritis. i Charles W. Hurt. 62, Central Ind. Hoi-1 pital, lobar pneumonia. Court Sets Record For Disposing Case L> YRIA. Ohio. Feb 3. —What Is believed to be a record in disposing of a case has been established by the Lorain County Common Pleas Court here. A damage suit was disposed of In twenty-six and a fraction minutes. Time consumed by the court In disposing of similar cases heretofore ranged from one week to a year. Names George, in behalf of William Names George, his son, filed suit for $2,000 alleged damages against the Richwine Ice Cream Company. The lad sustained a broken arm when thrown beneath the wheels of the defendant’s auto while sleighing. The Ice cream company immediately filed an answer. Testimony was submitted. the case argued, the Judge charged the jury, and a verdict for $875 was returned. The defendant filed a motion for anew trial; the judge overruled the motion, and the plaintiff was given a check for $875. From the time the first petition was filed In the court up to the time the check was paid only twenty-six and a fraction minutes elapsed.

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