Indianapolis Times, Volume 34, Number 232, Indianapolis, Marion County, 7 February 1922 — Page 12

12

LEGAL. NOT'CES. NOTICE FOR BIDS ON TEMPORARY LOAN. Notice Is hereby given that, pursuant to the provisions of General Ordinance No. 11, 1922, of the common council of the city of Indianapolis, Indiana, passed on Jan. 16, 1922, and approved by the mayor of the city of Indianapolis, the undersigned, city controller of the city of Indianapolis, will receive sealed bids at his office in the city hall in the city of Indianapolis, up to 12 o'clock m. on Wednesday, Feb. 15, 1922, for a temporary loan of flfty-flve thousand ($55,000.00) dollars to the city of Indianapolis for the use of the department of public parks and payable from the current revenues of said department to be derived from taxes. Said loan shall be repaid on or before June, 15, 1922. All bids shall be based on the annual rate of Interest asked, to which a premium may be added, and the loan will be awarded to the best and lowest bidder, but the right is reserved to reject any and all bids. The obligation to be issued by said city will be negotiable notes of the city of Indianapolis in denominations of five thousand ($5,000.00) dollars and upward at the option of the successful bidder. JOSEPH L. HOGUE, CITY CONTROLLER OF THE CITY OF INDIANAPOLIS. NOTICE OF INTENTION TO DISSOLVE THE MODERN APPLIANCE CORPORATION. A MICHIGAN CORPORATION, AUTHORIZED TO DO BUSINESS IN THE STATE OF INDIANA, address 34 S. Pennsylvania street, Indianapolis. Indiana. To the creditors of the above named corporation: Please take notice that at a special meeting of the stockholders of the said corporation, held in the city of Indianapolis, Indiana, on Dec. 28, 1921, it was resolved to dissolve the said corporation, surrender its charter and wind up its corporate affairs; you, said creditors, are therefore requested to present your respective claims at the office of this corporation. 34 South Pennsylvania street, Indianapolis. Indiana, on or before the Bth day of February, 1322. This notice is published In accordance with Act No. 84, Public Acts of the State of Michigan, session of 1921. Signed F. W. PARKINSON, F. A. KRUE, W. R, WILLIAMSON, Board of Directors and Trustees. The Modern Appliance Corporation has been reincorporated under the laws of the State of Indiana and is taking over the assets and liabilities of the old Michigan corporation. FINANCIAL. PERSONAL LOANS $lO TO S3OO This office Is operated under the auperrlslon of the State of Indiana and was established for the purpose of providing a place where honest people can borrow an/ amount from $lO to SBOO without paying more than the legal rate of interest or without being imposed upon in any way, It la oily necessary that you are keeping hous4 and permanently located. NO WORTHY PERSON REFUSED We do not notify your employer neither do we make inquiries of your friends, relatives or trades people. You can have ail time necessary for repayment and pay only for the actual time you keep the money. Caii and let ns explain. No charges unless you bor row. Loans with other companies paid off and more money advanced at legai rates. IF IN A HURRY PHONE MAIN 1923 OR LI NCOLN 2450. SECURITY MORTGAGE LOAN CO. Rocms 208-7-8 Indiana Trust Bid*. 11* E. Washington St. Corner Vir. Ava LOANS On furniture, pianos, autos, lire stock, farm implements and other collateral. CAPITOL LOAN CO. 141 H E. Washington St Main 0585. Auto. Lincoln 7184. WE MAKE first and second mortgages on improved farms and Indianapolis real AETNA MORTGAGE AND INVEST'T CO. 508 Fidelity Trust bldg. FIRST and second mortgagee on Indian. and Indianapolis real estate. R. B WILSON. >o* 8 Delaware st Main 181$. In the Cotton Market NEW YORK, Feb. 7.—The cotton market opened 7 to IS points lower today, influenced by a poor tone at Liverpool, selling from that center, liquidation ot March and offerings from spot houses. New Orleans, Wall street and a number of local operators were fair buyers. Later the list ruled steady, helped by firmness In securities and foreign exchange. Trading became quieter at the end of the first fifteen minutes. New York opening cotton prices: Febuary, [email protected]; March, 16.45 c; May, 10,20 c; July, 15.88 c; October and December. 15.55 c. The market was easy in the late dealings, closing at a net decline of 10 to 15 points. —Cotton Futures Open. High. Low. Close. March 10.45 16.63 16.42 16.55 May ... 16.20 16.38 10.20 10.30 July 4 15.88 15.99 15.88 15.88 October 15.35 15.47 15.35 15.35 December 15.35 15.3S 15.25 15.28 LIVERPOOL, Feb. 7.—Spot cotton opened quiet today with prices Arm and sales around 6,000 bales. American middlings fair, 11.37d; good middlings, 9.92d;'fu1l middlings, 9.52(1; middlings, 9.17d; low middlings, 8.22d; good ordinary, 6.97d; ordwinary, 6.22d. Futures opened quiet.

Local Stock Exchange

—Feb. 7 STOCKS. Bid. Ask. Ind. Ry & Light com 60 Ind. Ky. & Light pfd 75 led. St. Ry 40 45 T. H. T. & L.. I>fd 65% ••• Indpls. & N. W. ofd 60 Indpls. & S E. pfd 60 T. H. T. & fe. com 6 T. H. I. & E. pfd 15 U. T. df Ind com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advanced-Itumely com. Advance-Rumely pfd ... ... Am. Creosoting pfd 93 Am. Central Life 185 Belt R. It. com 66 71 Belt It. R. pfd 48% ■■ ■ Century Bldg. Cos pfd 93 Citizens Gas Cos 24 City Service com 168 173 City Service pfd 53% 56% Dodge Mfg. Cos. pfd 87 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 Indpls. Atattoir pfd 43 Indpls. Gas 44 Indpls Tel. com 2 Indpls. Tel. pfd 90 Mer. Pub. Utl. pfd 48% 53% Nat. Motor Car Cos 2 3% Pub. Sav Ins Cos 4% ... Raufc Fer. pfd 47 Stand. Oil of Indiana. 85% ... Sterling Fire Ins. Cos 7 Van Camp Hdw. pfd 90 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. com 3% Vandaila Coal Cos. pfd 5% 10 Wabash Ry. pfd 19% 23 Wabash Ry. com 6 * 9 BONDS Broad Ripple 5s 60 65 Citiz, ns St. Ry. 5s 73 77 Indlac Crk Coal & Mine 100 Ind Coke & Gas 5s 86 Indpls. C. & S. 6s 91 Indpls. & Martinsville 55.... 59 Indpls. & North 5s 36 41 Indpls. & N. W. 55..... 47 Indpls. * S E. 5s 45 Indpls., Shelby & S. E. 5s 75 Tndpls. St. Ry 4s 59 64 T. H. I. & E. Os 50 U. T. of Ind. 6s 41 Citizens Gas Cos. 5s 86 Indpls. Gas Cos 85 Kokomo, M. &W. 5s 83% 86 Ind Hotel Cos. 2d 5s 95 ... Indpls. L. & H. 5s 86 91 Indpls. Water Cos. 4%s 80 85 Mer. H. & L. 5s 96 99 New Tel. Long Dlst. 5s 94 ... New Tel. Ist 6s 95 Indpls. T. & T. 5s 76 Sou. Ind. Power <jb 88%

BRISK DEALING GIVES MARKET CHEERFUL TONE Gains Chiefly Fractional, but General Advance Gives Buoyancy. OILS AND STEELS FIRM By MONITOR. Special to Indiana Dally Times and Philadelphia Public Ledger. NEW YORK, Feb. 7.—Trading on the stock exchange yesterday was brisk, with sentiment cheerful and the undertone firm. The advance was general, but by no means evenly distribute!, as a large proportion of the gains were fractional in extent. There were enough instances of buoyancy, however, to give the market a strong appearance, particularly as the largest gains were made by some of the leading speculative favorites. * Bullish sentiment was decidedly encouraged by the performance of . Baldwin, i American Locomotive, Great Northern | Ore, General Asphalt, Marine preferred, 1 Studebaker, Chandler and Gulf States Steel. The oils, steels and equipments showed a good deal of firmness, although advances were not fully maintained. The coppers steadied after more or less Irregularity earlier in A the day. Undoubtedly sentiment was helped by the oversubscription of the new issue of $30,000,000 Great Northern Railroad 5% per cent bonds, as well as the reception to the offering of $75,000,000 of Federal Land Bank bonds. The ability of th*. investment market to take care of two such large Issues quite naturally was ! construed as fairly good evidence of abi sohptive power. The financial district is still more or less puzzled over the advance in Sterling, which showed signs of a slackening in pace. The most plausible explanation carries the theory that it was a surprise to shorts who had sold Sterling in the expectation of covering on offerings of cotton bills which thus |ar have not been forthcoming owing to the relatively small Imports by Liverpool. Up to the close of last week British imports had amounted to only 946,000 bales since Aug. 1, com- 1 pared with 1.116,000 for the same period last year, and 2.097,000 bales for the corresponding period two yehrs ago. The more cutting down in offerings of cotton bills to the extent of 1,000,000 bales In a six months period compared with a normal movement it would mean that shorts in the exchange market would have difficulty in covering.—Copyright, 1922, by I’ubllc Ledger Company. WALL STREET GOSSIP BY MONITOR. , The professional character of trading was clearly shown in the bidding up of specialties and of individual groups of stocks, rather than in the forwi rd ' movement of the market as a whole. There was undeniable strength underlying the market at all times, but the tactics used were such as to suggest cau tion by some conservative firms. They recommended that purchases now bo confined to stocks which have not panic!- ; pated in the recent advance.

In the early trading, the equipment and oil stocks were the outstanding features. California Petroleum, Union Oil and Royal Dutch especially were strong. California Petroleum reflected the accumulation which has been under way for some time, nitnough there was some indication of a distribution of speculative commitments Union Oil was bought in anticipation of the announce ment of its absorption into anew cor poration. which will Include all of the Shell trading and transport <>U properties in this country. Royal Dutch, in the opinion of leaders, is soiling out of line with the other oil sto ks, and buying Is based oh its technical position. Baldwin Locomotive on heavy trading advanced to anew high record since 1920, when the stock changed hands at 104. Profit taking In the afternoon caused some recession, but offerings ; were well absorbed. In some quarters | It is considered significant that this advance has occurred on the ove of.the ar rival of President Samuel Vau -lain from Europe. It is reported that there is a large short interest outstanding in the : stock. | American Locomotive equalled its recent high record fractionally above 110. I The annual report, which is" expected to | be made public within a few days, will, ; It Is understood show earnings appllc- | able to the junior issue of between sl4 | and sls per share. Buying, however, is ; partly for the account of a speculative | clique which emphasises the strong cash j position of the company rather than the (favorable earnings statement expected. i Cast iron pipe common has been under ■accumulation for many months by in terests identified with the company The stock recently sold as high a> 21. "due to I outside buying, ami those in control of , its market offered large quantities, forcing a recession to 17, and also eliminating the unwieldy following which had been attracted. Absorption has continued by these interests since that time, and a moderate demand sent the price yesterday to anew high record at 23. The preferred also advanced so anew high at 61. It Is understood that less than 30 per cent of the 130,000 shares of i common is the floating supply. Recent j developments in the affairs of the cotn- | pany, to which reference has been made, are responsible for predictions of much j higher prices during the current year j for both the common and preferred j stock by firms in a position to know whereof they speak. Interests identified with the Manhattan Shirt Company say that current business is greatly in excess of that of a year ago. It is understood that shipments for the first two months of the ; fiscal year beginning Dec. 1 last, showed an increase of 20 per cent over the preceding year. An increase of 36 per cent is shown in sales for the coming spring season, it is said, it is understood that the twelve plants of the company are operating at full capacity, and plans now are being drawn for the construction of new finishing works at I'nwtucket, R. I. The buying in General Asphalt all day was reported as of the best quality. An Instance showing the control of this stock was received from out of town. A ■'call" on a block of stock at 01% expired at 2:30 o'clock. At 2:30 the stock was selling nt 61 >4. hence the call was with out value. It closed at 62%. The buying, while speculative in character, is based on the beginning of shipments of oil under the contract with the Royal Dutch by which General Asphalt receives 24 per cent net on all shipments. In quarters which are familiar with the operations of Martin-I’arry Company, if is said that the annual report to be made public presently will show net earnings of approximately $200,060, equivalent to $2 per share on the 100,600 shares outstanding. The speculative group controlling this issue advanced the price to anew high for the present movement j above 33. i Continued strength in the slock of the :F. IV. Woolworth Company is accom- | panied by reports of continued increases |in business. In January total sales were i $9,519,755, an increase of $1,187,627 over j January of 1921. While part of this inj crease is due to the opening of new I stores, $913,355 was the gain reported by the obi stores. An unexpectedly favorable showing for last year was made by the Erie Railroad yesterday when the annual report was made public, showing a surplus over charges of $2,694,425, which is equal to 4 per cent on both classes of preferred stock, leaving a balance of $138,265 for the common. In’ 1920 the surplus overcharges based on Federal compensation for eight months of the period, was $4,438,585, equal to $1.67 on the com- | mon after the preferred dividend. While there are still some details to be j Ironed out. it is understood that plans j for a loan of from $25,000,000 to $50,000,000 j to Holland are nbout complete. It is un- j derstood that the new loan will be used ; to taka care of part of that government's j floating debt, which totals some $l2O,- ! 000.000. Official announcement of the j terms may be made within a few days. Studebaker crossed the high price of 1921 and sold within a small fraction of 94. Chandler Motors also made a aew

high for the present movement when sales were recorded at 64%. Recent buyers of Studebaker, who are familiar with the corporation's affairs, estimate earnings this year of $28,000,000. equal to more than $42 per share on the common stock. These figures are responsible in part for the reports that extra dividends will be declared during the year, which will bring the total payment for the twelve months to stockholedrs to not less than sl2 per share. The market broadened out Sfter the first hour, and a number of issues which have been relatively inactive, appeared on the tape. Concentrated buying came Into the rails late in the afternoon, and there were predictions in some well informed qnarters that this group would advance during the present week us it became more generally realized that the transportation situation is improving rapidly. Southern Pacific, Union Pacific and Reading were the favorites of the dividend payers, while the Missouri Pacific issues. New Haven and Texas Pacific were the active low priced stocks. Great Northern Ore. which long has been Inactive, Is reported to have been under accumulation which resulted in an advance of more than a point. As a_s4 dividend- payer, there Is a general inclination to buy the stock on the theory that it is selling out of line with the rest of the market. Recent buying has come from Washington, as well as from Minneapolis and St. Paul. It is hinted that some favorable announcement will be made during the present week.—Copyright, 1922, by Public Ledger Company.

N. Y. Stock Exchange

(By Thomson & McKinnon) —Feb. 7 Prev. High. Low. Close, close. Adv.-Rum. com. 14% 14% 14% 14 Ajax Rubber.... 15% 15% 14% 15% Allied Chemical 59 58% 58% 58% Allis Chaimers.. 46 45% -.5% 46% Am. Beet Sugar 36% 30% 3.6% 30% Am. B. Mug 37 36% 36% 30% Am. Can 27v$ 37% 37% 37% Am. Car & Fdy.l4B 147% 147% 148 Am. lee 95 92 93% 94 Am. H A L pfd. 61 % 66 06 6* % Am. In. Corp... 43% 42% 42% 43% Am. Loeomo 169% 107% 167% 108% Am. Steel Fdy.. 32% 32% 32% 32% Am. S. A Ref... 46% 46 46 40% Am. Sugar ’Ref. 67% (>6% 60% 00% Am. S. Tub. Cos. 28% 27% 28% 28% Am. Tel. & Te1..118% 118% 118% 118 - Am. Tobocco—l37% 130>4 157 136% Am. Wool On. 81% 83% 83% S3 Anaconda 48% 48% 48% 48% Atchison 97Vi 96% 97 90% Atl. Coast Line. 88 SS 88 88% Atl. Gulf .t W.l 28% 27% 27% 28 Baldwin'Loco.. .163% 161 % 102 162% B. & 0 35% .4 v 35% .U - Botll. Steel 115). 03 61 % 02% 62% Brk. Rap. Tran. 11 10% 10% 11 Cali. Pete 49% 48 48% 48% Cun I‘ae. Ry... 126% 125% 125% UO Cent. leather... 33% 32% 32% 33% Chandler Motor. 65% t'3% 64 61 C. iY 0 57 50% 56% 56 % C.,M. iV St.p.com 19% 19% 19% 19% C..M. A St.P.ptd. 55% 32% 33 32% Chi. A N. W... 67% 65% <6 00% C.. It. I. A P... 33% 33% 55% 5 % C.R.i Al' .6% pfd.. 75 75 75 74% C.R.I.AP.7* < pfil.. 88% 88% 88% 88 Chili Copper 17% 10% 10% 10% Cluett 53 52% 53 .V. Ch.no t opper . 26% 20% 20% 26% Coca Cola .... 46% 44% .45% 11% Col. F. A Iron.. 20% 26% 20% 27 Cn. Gas 91% 91 91% 91 Vi Continental Can 55% 55 55 56% o n. Prod lo; 102% lu2 7 , 105% Cr -.ole Steel .. 03 •, 62% 62% 62 , Cuban Am. s. .. 19 4 18% 19% 18% Cuban Cane S. . 10% 10 10% 16 Del. A Hud. ...116-q 116% 116% 111% Del. A Luck ..113% IP, 113 Dome Mines ... 23 22% 22% 23 Erie 16% lit t 10% 9% Erie Ist pfd . I*l% 15 15% 14% Endicott and J. 'l% M '1 81% Famous Plovers s • .•< , 79% 79% Fisk Rubber *'o 12% 1. , ,-'% 1 t Gen. Asphalt . 62% 01% 61% 02% Gen. Cigars ... 68 0s f'.S 08% Gen. Electric ..144% 145% 140% 146% Gen Motors ... 9% 9 9 9 Goodrb-h 36-4 50% 36% 30% Gt. North, pfd.. 74 4 74 74 % 74% (it. North. <)rc . 36% 35% 35% 35 Gulf States S. . 77% 74 75% 72% Houston Oil ... 76% 75 75 70 lill it Ik Central. 100 l*>a Ps) 101 Indtahunin 3% 3% 3% 3% In. Copper .... 39 38% 38% 39 inter. Nickel . 12% 12% 12% l-'-'-, Inter. Paper ... 50% 46% 40% 4*% Invincible Oil .15 14% 15% 15 Kansas Cltv S . 23% 23% 23% 25% Kelly S. T. ... 38% 38% 38% 38% Kent*. Copper .. 26% 28 28 28% Lack. Steel ... 48%, 47% 4'% 47% Lee Tire A R. 28% gs% 2.8% 29 Lehigh Valley.. 58% SKM, 58% 59% Loews, ine 11% 11% 11 % 1 % Marine com I*l% 15% 15% 15% Marine pfd 71% 70% 70% 70% Maryland Oil.. 12% 12% 12% 25% Mexican Pet 117% 115% 115% 115% Miami Copper.. 20% 26% 26% 26% Middle S, Oil 12% 12% 12% 12% Midvale Steel... 31 30% 30% 30% Mo. Pac. Ity 19 18% 19 IS% Mo. Pac. Ity. pfd 49 48% 4!) 49 Mo fit A Ward.. 14%, 13% 13% 14% National Lead. 91% 90 90 92 Nev. Con Cop.. 14% 14% 14% 14% N. Y. Central.. 76% 75% 75% 7*1% New Haven 1.8% IS*, 18% 16% Norfolk A W-st. I ”', 106% 106% 101*. North. Pac.. 7-% 78 78 75 : % Okla. P. A R. C. 2% 2% 2% Owen Bottle c 2’8% 20 27 20% Pac. Oil 47 10% 46% 4 7 Pan Am. Pet.... 33% 52% 53 52% Penna. Ry 34% 34% 34% -34% People's Gas... 71 70*.. 71 70% l'ere-Marqiiette. 21% 26% 20% 21 Pierce-Arrow .. 15 13% 14 15% Pierce Oil Com. 9% 9% 9% 9% Pull Pal. Car.. 116% 115% 116 116% Pure Oil 35% 35 35 35% Ity. Steel Sp 98% 98 98 98% Reading 73% 73% 73% 74 Rep. I. and Steel 54 53 53 % 53% lteplogle Steel.. 32% 31% 32% &•% Roy. I), of N. Y. 51% 50% 56% 50% Sears Roebuck.. 64 03% 63% 63% Sinclair 26% 19 % 20 19% Sloss-S. S. & 1.. 41 4! 41 .... So. Pacific 82% 82% 82% 82% So. Ry 19% 19% 19% >19% Stand. <*. of ('al. 93% 95% 95% 95% St. L. AS. F. c.. 22% 22% 22% 22% Stewart A W... 28% 33 28% 29 Strom. Part).... 40% 39 39 40Vi Studebaker .... 05% 92% 94% 93% Texas G A Sul. 45% 44% 41% 44% Texas Coal AO. 26% 25% 25% 20 Texas Cos 45% 44% 45% 45% Texas A Pac... 31 % 30% 30% 36% Tub. I’rod 63% 63 63% 63 3 Trans. Oil 16 9% I" 9% Union OH 26 19%, 19% 19% Union Pacific . 129% 129 129% 129% United Drug ... 69% 69 69 69 United Fruit .. 134% 134 134 134% U. S. Retail S. 55% 54% 55% 55% U. S. Food P... 5 3% 3% 4% U. S. In. A. ...214% 42% 43 14% P. S. Rubber... 5514 54% 54% 55% U. S. Steel 87% 87 87% 87 U. S. Steel I>fd. 110% 116 116 116 Utah Copper .. 62 61% 61% 02% Vanadium Steel. 35% 34% 34% So Wabash 7 0% OT# 6% Wabash Ist pfd. 21% 20% -1 Is 21 W. Maryland . 9% 9 9 9 West. Pac 15r% 15% 15% 15% West. Union ... 91 89% 96Vi 90% West. Klee 53% 53 53 53% White Motors . 39% 39 39% 39% W. Overland .. 5% 5% 5% 5V4 White (Ml % 9% 9% 9% Woolworth .... 151 % 151 lei 152% Wilson 34% 33% 34 33% Worth, rump. .47 46% 47 46%

NEW VOKK LIBERTY BONDS. (By Thomson & McKinnon.) —Feb. 7 I‘rev. High. Low. Close, close. Libertv 3%5... 95.30 95.16 95 16 95 20 Lebtry Ist 4s 96.0,4 'Liberty Ist 4%5.. 96.30 96.20 <*6.%) 9(5.10 Liberty 2d 4%5.. 96.10 96.02 96.06 96 00 Liberty 3d 4%5.. 97.24 97.10 Vn.W 97.10 Liberty 4tb 4%5. 96.30 96.14 ,196 28 96.10 Victory 3%5.. 100.20 100.22 Victory %s 190.20 100.16/ 100.20 100.24 ( HICAGO STOCKS. (By Thomson A Mf-Kinnon.) - Feb. 7/ Open. ii'igh. Low. Close, j Am. 5hip...... 88 Armour Cos. pfd 95% 95% 95% 95% CC&Coiiß.vs.pfd 5% ' 5% 5% 5% Chi.‘L’Rys.pfd .114 115% 114 115% Cudahy 5650% 55 56% Com. Edison ....115' Cont. Motors 0% Earl Motors .... ?,% 3% 33 1,-McNeill . ... %% 5% 5% 3% M-Ward /14% 14% 14 14 Nat. •>% Nat. Leath. nevf 10% ... Pick & Cos j. 25 25 22% 24 PiSf.v. Wlgy. -X. 38% 38% 36% 37 Stew. Warner.;.. 29% 29% 29 29% Swift ■>; Cos/ ...101 Swift Inti.../.. 20% 23 20 1 22 Thomson (J./r.) 42 " 42% 42 * 42, Tenitor Corny A.. 4% 41414 4% T T . Carb A Carbo 47 ' 47 “ 46% 46% Wahl . t;o% 66% 66% 66% Wrigley 108 108 107% 107% Yellow Taja .. 00% 60% 60% 60%

INDIANA IIAII.Y TIMES, 'ILEKIJAY, lUBKIAKY 7, m'l

STOCKS SUFFER LATE RECESSIONS Tone to Trade Exceedingly Heavy in Final Hour. NEW YORK, Feb. 7.—The stock market was heavy in the late dealings, many of tlie leading issues reacting from 1 to 2 points from rhe high levels. Baldwin Locomotive dropped to 102, a loss of alout 2 points, while United States Steel held around 87. Mexican Petroleum fell 2 points to 115% and Chandler Motors reacted over 1 point to 64. The ' Pierce-Arrow issues were weak, the preferred falling nearly 3 points to 28%. Chicago & Northwestern fell to 66. Martin-Parry dropped from 34 to 32% and then rallied to 33. Government bonds were unchanged and railway and other bonds irregular. Total sales of stocks l'*t" the day were 791,900 shares; bonds, $14,071,000. TWENTY STOCKS AVERAGE. NEW YORK, Feb. 7. —Twenty industrial stocks Monday average 84.70, up .09 per cent. Twenty active rails averaged 76.70, up .47 per cent. CLEARING HOUSE STATEMENT. NEW YORK, Feb. 7. —Exchanges, $745,200,000; balances, $58,000,000; Federal Reserve Bank credit balances, $43,000,000.

Money and Exchange

Indianapolis bank clearings Tuesday were $2,782,000; bank debits, $4,931,000. NEW YORK, Feb. 7.—The foreign exchange market opened strong today with demand Sterling %c higher at $4.33%. Francs rose 3% centimes to .8.44%c for cables and to 8.44 c for checks. Lire cables were 4.74 c; checks, 4 73%e. Belgian cables were 8.06 c; checks, 8.05%c. Marks were unchanged at .0049%e. Guilder cables were 37.25 c; checks, 37.20 c. Sweden kronen cables were 25.90 c; checks, 25.85 c. NEW YORK CALL MONEY. NEW YORK. Feb. 7—Money—Call money ruled 5 per cent. Time rates were steady all 4%@5 per cent. Prime mercantile paper was steady. Sterling Ex- ! change was steady, with business in j bankers' bills at $4.34% for demand. MOTOR SEC l KI TIES. —Feb. 7 (By Thomson A McKinnon.) —Closing— Bid. Ask Karl Motors 33% Packard com 6 6% Packard pfd... 65 67 Peerless 36% j Continental Motors com 5% 6 Continental Motors pfd 85 90 Hupp com 13% 14V4 Hupp pfd 90 ..... Reo Motor Car 18% 18% i igln Motors 2% 3 Grant Motors 1 * 1% National Motors 2% 2% Federal Truck 15 17 Paige Motors 13 14% Republic Truck 6 6% ACTIVE OIL STOCKS. (By Thomson A McKinnon) Feb. 7. — Opening--Bid Ask : Anglo-American Oil 17% 18 Atlantic Lobug 8% 9'% Borne Serymser 320 346 Buckeye I'lpe Line 92 94 Chesebrongh Mfg. Cons 175 185 ( ontluental Oil. Colo 130 135 Cosden Oil and Gas 5 8 Crescent Pipe Line 30 35 Cumberland Pipe Line 110 150 Elk Ilasln Pete 5% 5% Eureka Pipe Line 87 90 Galena-Signal Oil, Pref. ..,.100 106 Galena-Signal Oil, Com 41 43 Him.is Pipe Line 100 170 Liliana Pipe Line *'.) 92 Merritt Oil 8% 9% Midwest Oil 2% 3 Midwest Kfg 170 180 National Transit 28% 29% : New Y'ork 'Transit 157 163 Northern Pipe Line 106 105 Ohio Oil .. 272 27(1 Oklah-'ina P. A R 5% 6 Petrn Mex 17 20 Prairie Oil and Gas 540 550 Prairie Pi; e Line 240 24. .3 Ratrtilpa Refg 3 S‘Solar Refilling 375. 395 Southern Pipe Lino 185 195 South Penn Oil ..<>..94 98 Southwest Perm Pipe Line# .. 60 63 Standard Oil Cos. of In! .... 86% 87 Standard *MI Cos. of Kan ....560 575 Standard Oil Cos. of Ky 450 475 Standard Oil Cos. of Neb 160 iBO Standard Oil Cos. of Ohio 380 460 Swan A Finch 30 40 Vacuum Oil 320 340 Washington Oil 30 35 NT*r YORK CURB. (By Thomson A McKinnon.) —Feb. 7 - Hosing Bid. Ask. j Acme Packing 25 30 1 ""”s Aero com 3% 4% Cnrtts Aero pfd 20 25 Goldfield Con 4 6 Jumbo Extension 2 4 linwra] Oil (Del,) 10% 10% Internal. Petroleum 14% 15% Nipissing 0% 6% Standard Motors 3'.. 4 Salt Creek 13% 14 Tonopah Extension 1% 1% . Tonopah Mining 1% 1% United P S new 1 15 10 2 1-10 I'. S. Light Slid Heat 90 93 I U. S. Light and Heat pfd.... 1 1% W right-Martin 2 5 Yukon Gold Mine Cos 1% 1% New Cornelia 17% 18 United Verde 2 21 !6 Omar Oil 70 75 Rep. Tire 16 2ft Boston A Mont 50 51 CHICAGO PRODUCE. | CHICAGO, Feb. 7—Butter—Receipts. ; 7.578 tubs; creamery extra**. 3f1@30%c: ; firsts, 306j35%c; packing stock. I.Vlf 17c. i Eggs—Receipts, 7,489 cases; current re- : ceipts, 37(9 38c; ordinary firsts, 33® 35c; tic is. 38C.'/Cinc: check*, 26®270; dirttes. : 29®;30e. Cheese—Twins, new, 20c: | Daisies, 20%c; Young Americas, 20%o; j Longhorns, 26%c; Bricks. 15%c. Live Poultry—Turkeys, 25c; chickens. 24%e: springs. 29c; roosters, 18c; ducks. 28c. Potatoes—Receipts, 36 cars; Wlnconsln Round Whiten, $1.76(7(1 85 per 150-lb. bag: Minnesota Red Rivers, $1.75; Gar land Early Ohios, $1.45; Kings. $1.50: j Idaho Russets, $190; Red McClures, $2.40. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts as sold oi. the Indianapolis markets of Sw**’; 4 (’O.: Ribs —No. 2, ISe: No. 3. I4c. Loins—No. 2, 20c: No. 3,15 c. Hounds—No. 2. 14c; No. 3.12 c. Chucks—No. 2,10 c; No. 3,9 e. Plates—No. 2. 8c; No. 3,7 c. NEW YORK WOOL. NEW YORK, Feb. 7. Wool prices were firm in trade on the market here today. Domestic fleece, XX Ohio, was quoted at [email protected] per pound; domestic pulled, scoured basis, at 17@67c, and Texas do-I niestic, scoured basis, 40@75c. NEW YORK SUGARS. NEW YORK. Feb. 7.—Raw sugars; were active and firm tu trade on the market hi re today. Culms sold at 3.70 c per , pound, duty paid, while Porto Ricos were quoted nt 3.61 c per pound, delivered. Hell nod sugars were steady, both fine granulated and No. 1 soft selling at s@loc per pound. NEW YORK METAL MARKET. NEW YORK. Feb. 7.—Copper—Dull: all , positions offered at 12%0. Lead —Quiet,; ! -spot offered, 4.75 c; February and March, I iiffered, 4.70 c. Spelter—Quiet; all post-j 1 fbiiiN offered, 4.52%c. NEW YORK COFFEE. NEW YORK,: Feb. 7.- —Coffee pices | were steady in trade on the market here j today, with trade of a fair nature. Open-6 ing options were 5 to 7 points higher. Rio No. 7 on spot sold at 8%@9%c per pound. NEW YORK PETROLEUM. NEW Y’ORK, Feb. 7.—Petroleum prices ruled steady in trade on the market here today, with trade of a fair nature. Penn- | sylvania crude oil sold at $3.25 per barrel. | NEW YORK TURPENTINE. NEW YORK, Feb. 7.—Turpentine was j steady on the market here today, selling I at 92c per gallon. NEW YORK ROSIN. NEW YORK, Feb. 7. —Rosin prices ruled steady on the market today, com- i mon selling at $5.35. NEW Yollt RICE. NEW Y'ORK, Feb. 7.—Rice values ruled firmer on the market today, domestic selling at 3%@7%c per pound.

New York Bonde

(By Fletcher American Company.) —Feb. 7 FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (unlisted) ss, Sept. 1, '45 74% 75*4 Arg. 7s, Oct., '23 97% 98 Belgian 6s, Jan. 1, '25 95% 97 Belgian 7%5, June 1, '45 106% 107 Belgian Bs, Feb. 1, ’4l 106% 106% Berne Bs, Nov. 1, ’45 , 108 108% Brazil Bs, June 1, ’4l 102% 103% Chile Bs, Oct. 1, '26 100% 100% g>, Feb. 1, '4l 101 101 Vi Chile Bs. Nov. 1, '46 100% 101 I Christiania Bs, Oct. 1, '45 108' 108% Copenuagen 5%5, July 1, '44.. 88 88% Danish Mun. Bs, FV>. 1, '46..107 107% I Denmark Bs, Oct. 15, '45 108% 109 I ‘Canadian 5%5, Dec. 1, ’22 95 96% ;♦ uii.:’:hi 5-as. Nov. 1. '23.. 94% 95% •Canadian 5%5, Nov. 1. '24 94% 95% 'o,..iH*iiiUi ss, Dec. 1, '25 93 % 94% Canadian ss. Aptyl 1. '26 97% 97% Canadian 5%5, Dec. 1, '27..,.. 90% 97% Canadian 5%5, Aug. 1. '29.... 98% 99 Canadian ss, Apr. t, '3l 96 96% ♦Canadian ss, Oct. 1, '3l 93% 94% Canadian 5%5, Nov. 1, '33 97% 98% •Carfiullan 5%5. Nov. 1. '34... 94 % 96 Canadian ss, Mch. 1, '37 95% 06% •Canadian 5%5, Dee. 1, '37... 99% 100% •1-reueh t \ id.) ss, Opt., '31... 62 03 •French 4s, Opt., '43 50 51 French 7%5, June ’4l 95% 95% French Bs. Kept. 15, ’45 100% 100% •Italian '(War) 5s 35 36 Jup (First) 4%5. Feb 15, '25.. 87 % 87% Jap (Second( 5%5, July 10, '25 86% 87 Jap 4s, .lan. 1, '3l 73% 74 Mexico ss. Jan., '45 58 59 Norway Bs, Oct. 1, '4O 109% 110 Queensland 7s, Oct. 1, '41...107 107% (()*> tie Janeiro Ss, Oct., '46...100% 101 Sao Paulo Bs, Jan. 1, '36 101% 102 Swedish 6s, June 15, '39 97 97% Swiss 5%5, Aug. 1, '29 97% 97% Swiss Bs, July 1, '4O 114 114% Swiss 5%5, Aug. 1, '29 . 97% 97% Swiss Ss, July 1, '4O 114 114% ! it . K 5%5. Nov. 1, '22 101% 101% j U. K. 5%8, Aug. 1, '29 102% 103 IU. K. 5%k, Feb.'l, '37 98% 99 ! Uruguay Bs. Aug. 1, '46 104 104% Zurich Bs, Oct. 15, '45 168 108% Argentine 4s, A. A 0 52% 53% Argentine 4s, J. A J 53% 54 I Dutch K. Indies 8s 94% 94% ' i Ontario 6s, 1943 104% 105% ! ; Seine 7s 90% 90% •Internal loans. CORPORATION BONDS. Bid Ask Allied Packers Os (19% 70 ! Amer. Tel. A Tel. 6s, '25 110% 111*4 Atchison Gen. 4s 88% 88% 1 Alum. Cos. of Am. 7s, Nov., '25.161% 101% Am. Cot. Oil 6s, Sept. 2, '24... 92 % 93% Am Tel. 6s, Oct., 22 100(4 106% Am. Tel. 6s, Feb., 24 100% 106% Am. Thread 6s, Dec., '2B 100% 101 Am. Toil. Ts, Nov., "22 101 101% Am. Tot) 7s, Nov., '23 102% log}* Anaconda 6s, Jan. '29 iw-% 98vs J Anaconda 7--. Jan., '29 101% 102 Anglo Am. oil 7%5. Apr., '25.163% I<K>% j Armour 7s. July 15. /* 102 162% . Atlantic Kef. 6%5, Mcli, '31.-104% 105 j Bell Tel. of Cun. 7s, Apr., '25.100% 161% Beth Steel 7s, July 13, '23...100% 101%' Big Four 6s 96% 97% I’.* II of I'a. 7s 10. v% lira Can. Pacific 6s, M h. 2, '24....10*'% 10l % Cun l’ac. Is 78*4 78;% Cent. Arg. Ry os, Feb., '27... '.**) ;.*>’% Con. Gas 7s, Dec , '-jj 161% I**l% cop. Exp. K S , Fob 15, '23 102 102% Cop. Exp. 81. Feb. 15. '24... .1 >2% I*'3 : *op Exp. Bs. Fell. 15. '25 u’3% lot ( Cudahy 7s. July 15, 23 I**o% I'iOT, Can. Nor o%s 109% 110% Can. Nor. 7s 110% 110% c Q. Gen. 4s 80% 87% C. B. Q--111. 3%s 7.) 79* ■ C. B, Q Neb. Is 95 95% C. B Q. Jt. 6%s 100% 107% i Chic. A N W. %■ 106 . 107- . Chic. A N. W. 7s 160% 100% i'd Graph, Ss 33% 34 Cuban Am. Sugar Ss lo.; lot D. Cham 167% 108 Du Pont 7%s 103 * 104% Fisk Tire 8a 101 101% Fed. Loan 5s 161% 102% Fed. Sugar 6s, No* . 24 l*s J 1<9% Goodrich 7s. Apr., '25 n. 97% Gulf 011 6s, ,lu ! *. 23 I‘io% lod>. Gulf (111 7s, Fel... 5 : 163 I'<3% Goodyear Hs. '4l 111% 112% Goodyear Deb. Bs, '3l 97% 98 . Galena 7s * 161% 102 Great Northern 7s 107% 168 Grand Trunk 6s I**2 102% | Grand trunk o%s 102% 163% Grand Trunk 7s ..llils, 116** 1.. Cent. Ref. 4s, ‘7>s Si's S5 4 Inter Met. 4%s 19% 20% Interboro 5s 04'- 64% , lle.nz Ts. Dec., '36 lot ‘ 164% i Hocking Val. '!•>, M h, '24 ... iis% llamble Oil 7s. Mch. 15, 23 1*6% BKO j • Int U. I', is, Kept., '22 .82% 83% i K C, Term, 'is, Nov. 15, '23. ..H> l*v ; K"nn. : < op. 7s. Feb.. ’30...% ~102 I*B’•> * K *' i’r. & Lt 8s 103% p>(-: ’ Kelly Springfield Ss 102% 103% I. V Y \ 7s. '3O 107% 108 1 sidede Gas 7s, Jan , '29 S*s 95% i. ... > McNeil 7s. May, 01... 99% 99% Mex. ‘Pet. Ss 100 I*X>% Morris 7%s 102% 103% Minn., Kt P. A- S. 8. M %• 101 % 102 Nat! l.eath. Ms. Nov., '25 J*> 9*>% N. Y". Central 7s. '3O 166 106% N. Y 'lei Ref ,os, '4l 102% 103% Natl. Clonk A Suit 8s 98% 98% N Y% Edison 6%#, 41 106 100% Nth Bell 7s 108 10.8'.. Nor Par. P. 1,. 4s st% 85 Nor. Pac. G. I- 3s 69% 60% Nor. Pac. Os 10*1% 107% Packard 8# 99% 100 Proctor & G. 7s, M- h., '22 100 100% ' odor >v G 7s. Mch.. "23 101% 101% Pan Amur. Pet. 7s 95% 95% Penn. o'iS ini'. 100% Penn 7s 100% 106"4 Philippine 5%a, '4l lot 105% It. J. Reynolds 6#. Aug., '22..100% lo] Bears Roebuck 7s. Oct. 15, 22.106 100% Bears Roebuck 7s, Oct. 15, '23 98% 99% Sinclair 7V-i, May 15, '25 t*!* 7 # Hs* Solvay Si Clc Ss, Oct., '27 102% I*<3% Buu. Ry. 6%s 94% 95*# South. Ry. 6s, Mch., "22 99% 106% 1 8. W, Bell Tel. 7s. Apr., '25...1ft14 101% ! st*l. Oil (Cal.) 7s, Jan., ’31...105% 100 1 St. Oil (N.Y.i 7s, Jan , '2.V31.104 109% ! Std. Oil I.N.Y ) o%s, May, '33.106% 100 .j St. P. U It 5%5, Dec. 15, '23.. 99% 100*4 Swift 7s, Oct. 15, "25 100% 101% Swift 7h. Aug. 15, '3l 102 102% St. L.-Ran Fran. P. L. 4s 68-14 69 St. L.-Snn Fran. Adj. 6s 74 % 75 Seaboard Con 6a 44% 45 St eel & Tube 7s 99 99% Tidewater Oil 6%s 101% 101% j Texas Cos. 7s, Mch., 1, '23 101 101 | Union Tank Car 7s 103% 103% ; I tali See. *>s. Sept. 15, '22 98% 99% IT. S. Rubber 7%s 104% 105% Vacuum 011 7s 107% 107% i Ya. Car Chcm. 7%s 91% 02% ; Vcst'n Union o%s .•.107% 108 1 Winchester 7%s 97% 97% | •West. El 7s, Apr, '25 105% 106% Westiiighouse 7*, May, '31....105% 100 Wilson 7%s 94% 90%

Local Curb Market

(By Newton Todd.) —Feb. 7. Am. Homlney com 14 22 Central and Coast Oil 2 Choate Oil Corp % % Colurnl ia tire Ins. Cos 0 7% Comet Auto % 2 Dayton Rubber Cits 45 55 Lictograph Prod, pfd 31 42 D. W. Griffith 7% Elgin Motor Car 1% 2% Fed Fin. Cos. itfd 77 87 Fed. Fin. Cos. com 125 135 Gt. Sou. Prod. & Kef 5 5% Goodyear T. & It. com lo 12 Goodyear T. A R. pfd 25 28 Ind Rural Credits 50 60 Metro. 5-50 c Stores com. ..... 6% 10 Metro. 5-50 e Stores pfd 20 28 Nat. Underwriting c s Rauch & Lang Units 22 31 Stevens IJuryea Units 22 ;;■ U. S. Auto. Units 48 60 C. S. Mtg. Cos Units 750 164 BANK STOCKS. Commercial Nat Rank 71 . 81 Cont. Nat. Bank 100 " lig Ind. Trust Cos 175 190 lnd Nat Bank 260 270 Mer. Nat Bank 280 Security Trust Cos 130 State Sav. & Trust 91% 90 Union Trust Cos 300 Wash. Bank & Trust Cos.. 150 INDIANAPOLIS PRODUCE. Eggs—Loss off 32®34c. Butter—Packing stock, 15@17c. Poultry—Fowls 16® 23c; springs, 20@23e; cocks, 11® 12c; stags, 13® 14c; capons. 7 lbs. and up, 30c; capons, under 7 lbs. 26c: .-upon slips 7 lbs and up 30c: capon slips, under 7 lbs 26c; young hen turks. 8 lbs. and up 35® 40c young tom turks, 12 Hts. and up 35® 40c old tom turks, 30®33c; cull thin turkeys not wanted ; ducks, 4 lbs. and up 10@19c; geese, 10 lbs. and up, 14; squabs, 11 lbs. dozen. $5; young guineas, 2-llt. size per doz.. $7®7.50: old guineas, per do/.. Butter —Local dealers are paying 38® 39s per lb. for butter delivered in Indianapolis. Butter Fat—Loeal dealers are paying 35c per ilt. for butter fat delivered in Indianapolis.

SWINE VALUES AGAIN STRONG Steers Maintain Losses of 15 to 25 Cents. RANGE OF HOG PRICES. Good Goo<l Good Jan. Mixed. Heavv. Light. 30. $9.23® 9.50 $9.00® 9.26 $9.50® 9.65 31. 9.26® 9.50 9.00® 9.25 9.60® 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® 2.65 9.1*.® 9.25 9.65® 9.75 4. 9.35® 9.65 9.15® 9.20 9.65® 9.75 6. 9.60® 9,85 9.25® 9.50 [email protected] 7. 9.75® 9.90 9.50® 9.75 [email protected] Swine prices were generally steady to strong in trade on the local livestock j exchange today, but there were a few sales of heavy and extremely heavy swine at prices that were around 15fq25c higher I than those paid for the same grade on , the market of the previou* day. Receipts ran close to 0,500 for the day. There were but few heavy swine on the market, which was the principal factor in the higher sales of that grade. Both local packers and shippers with Eastern house connections displayed ‘fair demands, and with trade active, practically ail of the receipts had been sold at an early hour in the forenoon. Early estimates places receipts at much j higher figures than an actual count re- [ vealed, and this bad the tendency to | strengthen the late dealings. Light swine generally brought $lO, with a few light mixed at around $9.90. Mediums and mixed sold at and heavies nt [email protected]. Hughs were about steady, selling at $8 and down generally, and pigs sold at the price of the leads Stags brought $6.50<g7.50. The bulk of the sales for the day ranged at $9.60(39.90. * There was not the good tone to trade I in cattle that there was on the market of the day before and prices ruled barely steady to 15((J25c lower. Receipts f"r the day ran close to 1,000 and the quality generally was above the usual run. I'ackers displayed fair derua'nds. but they were reluctant in making purchases unless at lower figures. ; Steers and heifers suffered losses rangj ing from 15©25c, while the general run lof the bulls were fully 25c lower. Heavy bulls were again in very poor demand Cows held about steady, as did canners anil cutters. The bulk of tbe steers sold at around $6.50(u7.50 and the bulk of the heifers at $5.50% 0.50, Veal prices ruled steady generally, with receipts around 400. the quality fair and the demand good. 'There was a top of sl3 50 on . hoice veals, while the bulk of that grade sold at around sl3. Sheep and lamb values were again steady, with receipts for the day close to fa"', the quality good and the demand g-.id There was a top of $13.50 on choice lambs, while the range of the price of lambs was from $ll(ql3. HOGS. 160 to ID) lbs average $ 9 95(6 10.00 Over 3*lo lbs 9.so<ii 9.75 150 to 300 lbs 9 77i'%10 06 Sows 7.'*’s 80( Stags 6.50% 7.50 Best pigs, under 140 1b5..... 9.903? 10 00 Bulk of sales 9 *'o6i 9.90 Tup 10.00 —Cattle— Brittle ' orn f ef j steers, 1,2*6 to 1.800 lbs fi.7s((£ 7.75 (Siiod ti. choice steers. 1.200 to 1.360 Hts. 6.25® 675 Good t<> choice steers, 1.100 to 1,200 lba 6.00® 6.25 Good ■ choice steers, 1,000 to 1.10) lbs 5.50® C 00 CommiUi to medium steers, 800 to 1,000 lbs 5.25® 5.50 —Cows and Heifers— Good to choice heifers 6.50® 7.50 Medium heifers 7> 25® 6.25 Common to medium heifers .. 4.50*.j; 5.50 Good to choice cows .. 3.50® 5 75 Fair to medium cows 2.25(® 3.50 Cutters 2.50a 4.25 fanners .* 2.7.>® 250 —Bulls— Good to choice butcher bulls 4.50® 4.75 Bologna bulls 3.00® 3 50 l.ig t Potogua bulls 2..i0® 2 75 Light to common bulls 2.00® 2.50 —Calves— Choice veals ‘. 13.0(*®f15.50 Good veals 11.09® 12.00 Medium veals 9 .50 Lightweight veals 7.66® 8.09 Common to heavyweight veals 6.00® 7.00 —Stockers ami 1 rollers — Good to hoi. e steers under 800 lbs 4.75® 5.50 j Medium cows 2.50® LOO Go. *1 cows 3.75® 4.'41 i Good heifers 5.60® 6.50 Medium to good heifers 4 ihi® 4.*Milkers 37.00®75.00 j —Sheep and Lamb#— Ewes ISO® 5.00 Buck* 2..0® 3 iO Good to choice lambs ...... 11.00® 13.50 Seconds 7.*io® 9.00 Buck lambs I- 00 ® Culls 3.UO® 6.00

Other Livestock

CHICAGO. Feb. 7. Hogs Receipts. 33,000: market. 10 to 20,- higher; bulk $9.15(09.63; top, $10; heavies, $9 15(09.25; mediums, $9.30(09.8.5; lights. $9.70% 10; light lights, $9.80% 10; heavy packing sows, smooth. S.B 25(18.75; packing sows, rough. $8%8.35; pigs, $9,50(0:10. ('attic—Receipts, 10,000; market, slow and at,out steady. Beef Steers—choice and | prime, $9%9.85; good and choice, $7-s.VjJ 9.10; common and medium, $5.85((.i7.55. Butcher Cattle—Heifers, [email protected]; cows, $4(0.6.25; bulls, $3.05(05 75. fanners and ■Cutters —Cows and heifers, $2.75(04; can* ’tier steers. $3.25(04 25; veal calves, light 1 and heavyweight, $7.25® 10.50; feeder steerß, $3.15(07; stocker steers, $4.50p 6 85; stocker cows and heifers, $3.40(05; Sheep and lambs —Receipts, 13,000; market, best iambs strong to 15c higher: sheep, firm ; good to choice lambs, $12.25 j (a 14.23; cull and common lambs, $9.30(0 12; yearling wethers, $9 75(0,13; ewes, $3 (it 7.75; cull and eoimnon ewes, [email protected]; feeder lambs, slllOl3. ! CINCINNATI, Feb. 7.—Hogs-Receipts, 3.000; market, steady to 25 cents higher; I heavies, $9.25(010; mixed, $10(010.25; medium, lights and pigs, $10.25; roughs, $7.75; stags, $5. Cattle—Receipts, 300; market, 'steady; bulls, steady; calves, $12.25. j Sheep and Lambs—Receipts, 350; market, ; steady; ewes. $1(0,6 50; choice lambs, $13.50; seconds, $9.30(010; culls, $6(147. CLEVELAND, Feb. 7.—Hogs—Receipts, 1,500; market, strong; yorkers, $10.50; mixed, $10.50; mediums, $10.25(0:10.50; pigs, $10.50; roughs, $7.50; stags, $5 50. tint tie— Receipts. 100; market, steady. Sheep and lambs Receipts, 500; market, strong; top, $14.25. Calves—Receipts, 100; market, steady; top. $13.50. EAST BUFFALO, N. Y., Feb. 7.—nogs Receipts, 2,400; market active; yorfcers, $10.75(010.85; pigs. $10.75; mixed, $10.30010.75; heavies, $10(010.50; roughs, ss'ulß.2.>; stags. $4(05. Cattle—Receipts, 200; market alow and steady; shipping steers, $7(08.25; butcher grades, $4,750 7 50; heifers. $2(05; cows, $3(05; feeders, $5(06; milk cows and springers, $25(085. Calves —Receipts, 200; market getive; cull to choice, ss@l4. .Sheep and iambs Reeetpts, 600; market active; choice lambs, $14.50(015: cull to fair, [email protected]; yearlings. $8(012.75; sheep. s3@9. PITTSBURGH, Feb. 7.—Hogs—Receipts, 1,000; market 15035 c higher; purime heavies. $9.85(010; mediums, $10.50; heavy yorkers. $10.50; light yorkers, $10.50; pigs, $10.50; roughs, $7(07.85; stags, $4.50(0.5; heavy mixed, $10(010 25. Cattle-—Receipts. 100; market steady; choice, $8.25(08.50; printe, $7.75@8; good, $7.75(07 50: tidy butchers, $6.50(07.50; fair. $3.50(06.25: fair, $5.50(06.25; common. $4.50>@5.25; common to good fat bulls. $2(05.25; common to good fat cows. s3(</ 5.50; fresh cows and springers. $40(0 SO; veal calves. sl3; heavy and thin calves, $(t(Q9. Sheep and lambs—Re celpts. 500: market steady: prime wethers. $8.25(08.50: good mixed, $7.50(08; fair mixed, $6(07; culls and commons, $2.50(04; good to choice lambs, $14.23. EAST ST. LOUIS. Mo., Fe. 7.- —Hogs— Receipts, 12,OOO; market, 35c to 50c higher; mixed and butchers, $9.85@10 25; good heavies. $9.65(09.90; roughs, $7.50(0 8.25; lights. [email protected]. pigs, $9.65(010.10; bulk of sales, $9.50(010.15. Cattle—Receipts, 4,000; market, steady; native beef steers, $7(08; yearling steers and heifers. $7.50(08; cows, $3.75(0j5.25; Stockers und feeders, $4(04.50; calves, $8.85(011; canners and cutters, $2.25(03.50. Sheep and lambs —Receipts. 2 000; market, steady; mutton ewes. [email protected]: good to choice j lambs, $10(513.8). can tiers and choppers, sl@4. NEW YORK HIDES. NEW YORK, Fel). 7.—Hide values Puled steady on the market here today, native steer hides selling at 16c per pound and branded steer hides at lo<o 15%e.

GRAIN MARKET TONE IRREGULAR Buying of General NatureCommission Men Lead. CHICAGO, Feb. 7. —Grain prices were irreyular on the Chicago Board of Trade today. The buying was gtneral with commission houses and loco is participating. Commission houses fc.ul resting orders to sell when wheat reached $1.30, but the market absorbed the offerings well. General commissi*,n house buying of corn was in evidence. A higher price range was noted in outs. Provisions were lower. May wheat opened at $1.30%, up 2c, and closed off 1 %e. July wheat opened I-up l%c at $1.12*4, closing off %c. May corn opened at 59%c. up %c, and I closed off l%e. July corn opened at | 61%c. up 1 %c. and closed off l%c. May oats opened up %c at 40%c, closing off %c. July oats opened up %c at 42%e and closed off %c. (By Thomson & McKinnon) - Feb.. 7. Wheat —Pronounced strength is still exhibited by foreign market. Argentine wheat c. f. f. Europe was ar one time 19c cheaper than U. S. gulf wheat, but is now 5c higher and this in addition to a 15c advance in our prices. We are not making full response to the advance in Liverpool and Buenos Aires for the reason for the reason that our milling trade does not improve, our visible supply is not decreasing importantly and the takings of Manitoba wheat are not large. The. rapidity of thd advance has proven attractive to some of the larger holders as well as many of the smaller ones, the result beinc a halt in the advancing tendency. P. mhims for cash wheat in the Canadian marker are decreasing and the same condition ovists here. The market gives some evidence of needing anew incentive to advance prices above the present level, but at the same time the absorption of all offerings by important interests, which has been going on for some time has placed the market in position to be readily responsive to new demand, whatever its source. We believe more than usual caution should be displayed when entering market on the buying side. We tielii ve also that If there is any real merit in th>* situation then the July delivery should not be selling at its present extreme discount. It is expected that the old crop will be well cleaned up before the next crop is available. This being so, there will be a rather widespread demand for the first offerings of the new wheat and the producer certainly will not be a willing seller of the new crop at th- prevailing discount. Corn and Oats—Considering the neglect which has prevailed in corn for so long a time it seems only natural that there should be some reaction after the recent sharp advance'. Previous holders were accepting profits in a rather libera! way. The surprising thing is the way in w hich the market a .sorbed the selling. There 1 sa little export business doing at ad times und despite tae heavy receipts cash market holds relatively firm. The movement is expected to slowly subside. Trade in oats lias not broadened as was expected. However, the entire available supply ts in the show window, from which it can lie assumed that values will respond easily to a betterment in the distributing demand. A moderate recession in price, both corn and oats, is not Unproii. and hut its appearance should be accepted by the buyer. ( Provisions —The action of grains was the influence in bog products. Receipts of are dght and trade la cash products is still good. PRIMARY MARKETS. (By Thomson *fc McKinnon.) Feb. 7. —REt’EI PTS— Wheat Corn Oats St. Joseph 17.0(H) 20,000 * 2,000 Chicago .... .. 74,(H*) 1,715,000 284.000 Milwaukee 121,000 121,000 Minneapolis ..326,000 22,060 4'\ooo Duluth 19.000 130.000 90,000 St. Louts 59,000 91,000 60.000 Tnledit 1-8.000 56,000 23,000 Detroit li.tr.JO 23,000 IK.tSHI Kansas City ..219.000 *2t,(*s) 32.000 Peoria 7.000 144.000 45,000 Omaha 49.0n*) 45.1HH) 14.000 Indianapolis .. 10,060 141,000 38.0(H) Totals 809.000 2.580,000 694,000 Year ago .. 6.54.000 1,263.000 534,000 —SHIPMENTS— Wheat Corn Oats St. Joseph 14.000 7.000 2.000 Chicago 50.000 1.190.000 IOO.OUJ Milwaukee .... 17.1MH) 40,000 35.0(H) Miuneapitlis ... 68.000 36.000 50.000 St. Louis 70,000 102,000 94.*)00 Toledo 3.000 B,O*Hl t Detroit 2.000 7,000 4 00*> i Kansas City ..251.000 11.000 12.000 Peoria 13,000 53,000 36,000 i < maha 36,000 106.000 32.0001 Indianapolis 14,000 16.0(H) j Totals 479,000 1.574.000 396.000 | Year ago .. 735,000 343.000 395.000 —CLEARANCES— Wheat Corn Oats i New Y’ork .... 41,000 171.000 40,000; Baltimore 61,000 10.000 I Totals 130.000 382.000 40 000 Year ago .. 622,000 120,000

CHICAGO GRAIN TABLE. —Feb. 7 I WHEAT —Open. High. Low. Close. May 1.30% 1.30% 127% 1.28% July 1.12% 112% 1.10% 1.11 % CORN— May -59% .50% .58 ,55% July 61% .61% .59% .60% OATS— May 40% .40% .39% .40% ‘ July 42% .42% .41% Alls PORK—"May 15.70 LARb— May 10.72 10 75 10.55 10.55 , July 10.75 10.75 10.55 10.75 RIBS May.... 10.05 10.10 9.50 9.80 •July 10.00 RYE - May 95 ..95% .93 .93% July 85 .85 .83 .83% •Nominal. CHICAGO CASH GRAIN. CHICAGO, Feb.' 7.—Wheat—No. 3 red. $1.27: No. 4 red, $1.25®1.26: No. 2 hard winter, $1.23® 1 .3% , No. 3 hard winter. $1.21%. Corn—No. mixed. 53® 54c: No. 2 white, 53®54e; No. 2 yellow. 03®54c; No. 3 mixed, 52%®53%c ; No. 3 white, 51%® 53e; No. 3 yellow, 51%®53c; No. 4 mixed, 51c; No. 4 white, 50%®51c; No. 4 yellow, 49\®51c. Oats-—No. 2 white. 38%®39%c; No. 3 white, 35%®38%c; No. 4 white, 34%®35%c. TOLEDO GRAIN PRICES. TOLEDO. Feb. 7. Wheat—Cash, $1.33 ® 1.35; May, $1.41; July. $1.15%. CornCash, 57®58i. Oats—Cash. 40%®42%c. Rye-Cash, 91c. Barley—Cash, 67c. INDIANAPOLIS CASH GRAIN. —Feb. 7 Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat—No sales. Corn—Firm; No. 3 white. 53@53%c: No. 4 white. 51 %®s2c: No. 3 yellow. 52% ®s3r: No. 4 yellow, st®s2e; No. 3 mixed, 62@53e; No. 4 mixed, 51@52c. Oats —Firm: No. 2 white, 37%'ffi40*(.c: No. 3 white. ,37@37% c. Hay—Weak; No. 1 timothy. [email protected]; No. 2 timothy, $16@17; No. 1 light clover mixed, [email protected]; No. 1 clover. slßoo® 19.50. —lnspections Wheat—No. 3 red. 1 car; No._ 4 red, 1 car: sample, l car; total, 3 car’s. Corn—No. 3 white. 11 cars ; No. 4 white, 12 cars; No. 5 white, 4 cars; No. 6 white, 2 cars: No. 2 yellow. 3 cars; No. 3 yellow, 10 cars; No. 4 yellow. 38 cars; No. 5 yellow, 18 cars; No. 6 yellow, 19 cars; sample yellow, 1 car; No. 2 mixed. 2 cars; No. 3 mixed, 7 cars: No. 4 mixed. 3 cars; No. 6 mixed. 1 car; total, 131 ca rs. Oats—No. 1 white. 2 cars; No. 2 white, 4 cars; No. 3 white, 18 cars: No. 4 white, 3 cars; No. 1 mixed. 1 car; No. 3 mixed, j 1 car: total. 29 cars. Hay—No. 1 timothy, 1 car. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay-Loose timothy, $16.00@17; mixed hay. $15@10; haled hay, sl7@lß. Oats—New, per bushel, 35@38c. Corn —New, per bushel, 45@it0e. Corn —Old, per bushel, 45@50e. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today were paying $1.20 per bushel for No. 1 red winter wheat: sl.lß for No 2 red winter and according to test for No. 3 red winter. Oats were quoted at 27c per buslici for No. 3 white or better. TOLEDO SEED PRICES. TOLEDO, Feb. 7.—Cloverseed—Cash. SU mi Ind; February. $14.50 bid; March, sl4 65 bid; April. $13.40; February. $lO. Alsike—Cash. $12.05: February, $12.05: March, sl2 15. Timothy—Cash, $3 25; February, $3.25; March, $3.32%; Mav, $3.45.

FOREIGN STOCK MARKET TONE SOME BETTER Plentitude of Money Forces Rates So Low That There Is No Business. LONDON, Feb. 7.—The demand for ss. curitiea on the stock exchange here yes. terday was of attenuated proportions, political uncertainties restricting busi. ness. A rather better tendency than last week developed toward the close. A strong tone followed Initial inertia iq gilt-edged government bonds. Movements were negligible for the most part in fujtf cign bonds. ■ Home rails eased at the opening, du? to the absence of demand, but showed a firmer tone later. Dollar rails wero firmer. Canadian Pacific rose to 144, buj foreign rails declined. Industrials displayed sagging tenden. cies, which included iron, steel and ent | gineering. Leading oil shares offered some resist* anre and showed a tendency to harden. -Mexican Eagles were 313-16, Shells 4 5-13, Royal Dutch 35. African Minings were dull but Ameri* | cans had some strength, i There was such a plentitude of loan, able credit in Lombard street that rated were forced down until virtually no business was done. Government money was hardly above 2 per cent and fixtures eased to 2% per cent. Bar silver declined tor both spot and forward to 34%d and 34 V* a nd. 34%d —Copyright, 1922, by Public Ledg. f Company. Weather of T rht foll ° ta b!e shows the stats serial Wl ?il*ex at 7 a. m., Feb. 7. as oiBureaus; 7 DUea States Wfath ' r Indian 0 " n t Bar ' Telu P- leather. Indianapolis, J n d. . 30.'7 13 n ear f ’V. 30.U8 28 Snow Amart.io, iexas . 36.44 22 PtCldy Bismarck. N. It. . 30.20 2 Clear Chi',''m SS 30 Cloudy Sh! c ‘ / J * 16 Clear ; Cincinnati, Ohio . 30.20 IS Snow Clove,and. Ohio . 36.04 26 Snow Denver. Colo 36.34 12 Clear,* Dodge City. Kas.. 30.42 II Clear^ Helena. .M, nt 30.10 10 Cl ■ Jacksonville, Fla. . 30.08 44 Clear T Kansas City, Mo. . 30.50 14 Clear Louisville Ky . 30 3,, 1S ne . ir L ttie Rock. Ark. .30 46 30 Clear Moblfe n At S -. Cal ;.- 98 56 Ciou^ New Orleans La. . 30.44 42 C'iear ' }" v \ -V Y- • 29.80 36 Cloudy f l lk ' ' a 7 29 60 34 Snow Oklahoma City ... 30.46 '>4 Clear I hiladelphia. Pa.. 29.84 32 Snow Pittsburgu, Pa. .. 29 98 78 Snow Portland, Ore. ... 29.72 46 PtCldy Rapid City, S. D. . 30.24 26 Clear Roseburg, OrjN ...29.76 36 Clear Sin Antonio. Texas 30.56 30 Char San Francisco. Cal. 29 90 -.48 Clear St. Louis, Mo. ...36 42 14 Clear St. Paul, Minn. . 30 40 4 Clear Tampa, Fla 30.12 52 Clear t\ashington, D. C.. 29.84 32 SnoxvWEATHER CONDITIONS. The Eastern storm is now p tssing into the Atlantic, with the main center of dls* turbanoe off the Caroline coast. It has caused rains changing to snows In Kustern sections. Kenerallv fair weather prevails throughout the Western twothirds of the country, with lower temperatures over the Lakes region and tits Ohio and Mississippi valleys, and warmer weather in turn to the \;e~. ward. At * p. m. Monday snow covered the Northern parts of the country from ths Rocky .Mountains eastward as far south as the 40th parallel. The depths in the two northern tiers of States ranged generally from 3 to 13 Inches, decreasing thence southward. —INDIANA HIGHWAYS— Improved highways are In fair to good condition and unimproved mostly poor. Traffic during alternate freezing and thawing weather has roughened sur*aeea of all except the macadam and paveij| roads. Occasional patches of (is* are r ported in the northern counties. J. H. ARMINGTON. Meteorologist, Weather Bureau. CLEVELAND PRODUCE. CLEVELAND. Feb. 7.—Butter—Extra in tubs. 42 % ® 43c; prints 43%®44e; extra firsts 41%®42c: firsts. 40%®*1-'; seconds. 35%® 36c; packing stock. 17® 19c. Eggs—Fresh gathered, Northva extras. 4.8?; extra firsts, 40c; Ohio firsts, new cases, 39%c; old cases, 39c; Western firsts, new cases, 3Sc. Poultry—Live heavy fowls. 26@27c: spring culls, 15® 20c; spring ducks, 2-B®3ftc; turkevs. 33 ®34c. Potatoes—Ordinary, @3 69 per 150-lb bag; Mlchigans, $2.95; Early Ohios. $2.00 per 120 lb. bag. Sweetpotatoes —Delawares, [email protected] per hamper.

Goo*. . mtsimcnu Today's Investment Opportmitt, Indianapolis Street Railway Genera. 4 s $630 for SIOOO Bond A first lien on a portion of street railway in Indianapolis and a second mortgage on the remainder. Yield about 9.30% interest. Fletcher American Company Ftaoi hk-icta Amc/KAn Baa* ftktf. IND.ANAPOLIS -*>c*gc Dvtrotf Lc*u*vtlk -.cmh Ben* Prtemim Wire Principe. Mwk*U

I WILL BUY Federal Finance Common and Preferr-dB Indiana Rural Credits Association. State Savings A Trust Company, Home Brew, ing Cos., Great Southern Producing £ Refining, Majestic Tire A Rubber, Mcr* chants Public Utilities pfd. NEWTON TODD 415 Lemcke Bldg.

TAXI CABS MAin 0805 INDIANA TAXI CO. Receipt Printing Meters