Indiana daily times. [volume], January 02, 1920, Home Edition, Page 16, Image 16

About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922

Image provided by: Indiana State Library

                
16
Stocks Show Strength at Start
With Minor Losses Later
STOCKS OPEN
YEAR STRONG
Buying Starts With a Rush,
but Eases Off Little in
Later Sales.
NEW YORK, Jan. 2.—Trading on the
stock exchange for the new year was
ushered in with a brisk demand for
nearly all the active Issues at the open
ing, resulting In upturns of from frac
tions to four points.
Steel common rose %, to 107%; Re
public Steel 1 point, to 123%; Crucible,
IVi. to 219, and Baldwin Locomotive 1%,
U UM
Mexican Petroleum jumped 4 points,
to 217%; Middle States Oil 2%, to 63,
and fractional upturns were made in
Royal Dutch, Sinclair and Pan-American
Petroleum.
American Woolen rose 3 points, to
165%; United States Rubber 1%, to
138%; Industrial Alcohol 1%, to 113%,
and Interpaper nearly 2 points to 81%.
There was a good demand for the mo
tor shares, Studebaker advancing 2 points
to 111, and Pierce Arrow 2 points, to
81%. The Coppers and rails were quiet.
After the opening the demand slack
ened and prices eased off from the best
levels.
Price movements were very Irregular
during the forenoon. Steel common rose
107%, dropped to 106% and rallied to
107. Republic Steel dropped over 2
points to 120% and the other steels lost
from 1 to 2 points.
Mexican Petroleum fell to 213 and
United States Rubber to 136%, with a
Tally of 1 point. Studebaker rose 3
points to 112% and Northern Pacific 2
points to 81.
International Paper made anew high
record of 23 and United States Realty
advanced 5 points.
Call money renewed at 15 per cent.
MOTOR SECURITIES.
(By Thomson & McKinnon.)
—Jan. 2
—Opening—
Bid. Ask.
Briscoe 67
Chalmers com 7 7%
Packard com 26 26%
Paekard pfd 97 98
Chevrolet 350 550
Peerless 47 49
Continental Motors com .... 13% 14
Continental Motors pfd 100 102
Hupp com 14% 15
Hupp pfd 99 102
Reo Motor Car 29 29%
Elgin Motors 7% 8
Grant Motors 9% 9%
Ford of Canada 425 430
International Motor com .... 110 125
Internation Motor pfd 80 100
Hendee Mfg 44 48
United Motors 55 70
National Motors 18 20
Federal Truck 60 64
Paige Motors 44 45%
Republic Truck 54 55
CORN AND OATS
PRICES GO UP
Severe Weather and Absence
of Pressure Start *Grain
Prices Off Higher.
CHICAGO, Jan. 2.—Lack of selling
pressure and severe weather conditions
that hampered movement of grain, were
the main features in the sharp advance
of grain prices on the Chicago Board of
Trade today. Provisions were higher.
January corn was up 2%c at the open
ing of $1.35%, but lost %e later. May
corn up %c at the opening of $1.32%,
subsequently lost %e later. May corn up
%c at the opening of $1.35%, subse
quently gained %e. July corn opened up
l%c at $1.31% and later lost %c.
May oats opened at 84c. up %c and re
mained unchanged. July oats opened up
%c at 77c, and remained steady through
later trading.
VISITORS JAM
GREAT CASINO
Famous Monte Carlo and Rus
sian Resorts Crowded
With Tourists.
MONTE CARLO, Jan. 2.—One of the
greatest swarms of visitors in all his
tory has begun descending upon Monte
Carlo and other Riviera resorts, includ
ing Nice, Cannes and Mentone. The
Casino here is crowded with tourists
from America, France, England and
Italy, and thousands upon thousands of
dollars are being played dally on the
turn of the roulette wheel.
The shortage of coal in Paris has
tripled the number of Parisians who
generally spend the winter months in
the balmy air of the Mediterranean.
I#arge numbers of tourists who before
the war spent their winters in Egypt
ere visiting Monte Carlo and Nice this
year because of the disturbed conditions
In Cairo and elsewhere. The result is
that every train arriving from Paris is
packed and many wealthy visitors spend
the night sitting up because of their
inability to obtain sleeping car accom
modations.
The biggest fete of the season thus
far was the commemoration of the sev
enty-first birthday of the prince of Mo
naco. The palace guns boomed at 8
o’clock, announcing the beginning of the
fete to every resident of the tiny prin
cipality. There was a solemn mass In
the cathedral two hours later, followed
by a state lunchean to the consular
corps. A heavy downpour of ralu spoiled
the program of sports and the evening
fireworks display.
England Buys 50,000
Tons of Raw Sugar
NEW YORK, Jan. 2.—The Dow Jones
financial news agency here today an
nounced that England is credited with
having bought 40,000 to 50,000 tons of
Cuban raw sugar in the past few days.
The transaction is one of the largest
In the new crop of sugars that has been
consummated In some time.
It involves about 1 per #ent of the
entire estimated Cuban output for
1919-20.
Most of the sugar is for January load
ing and the prices about 11 cents f. o. b.
Cuba.
RETAIL COAL PRICES.
Prices on coal delivered at caro. Extra
charge for service when additional labor
Is required:
Indiana Linton, No. 4, lamp $ 6.75
Indiana, No. 5. lump 6,75
Indiana egg and nut 6.75
Indiana mine run 6.00
Indiana nut and slack 6.50
Brazil block 8.00
West Virginia splint lump 8.50
Kentucky eastern lump 8.50
Pocahontas shoveled lump 10.00
Pocahontas mine run 8.50
Pocahontas nut and slack 8.00
By-P roduct coke, all sizes 11.25
Antnracite, all sixes 18.00
Blossburg, Smithing 10.00
West Virginia Cannel lump 11.00
Illinois lump, Harrisburg 7.50
Hocking Vallsv lump 8.50
Coal and coke at yard, ooc per ton less.
Kindling with coal, 15c a bundle; sep
arate de*..-’r,, 10 bundles, 52.
Charcoal, 20 lbs to bushel, wagon lota,
15c bushel: small lots. 50c bushel.
—Extra Service Charges—
-76c per ton dumped and wheeled extra
$1 per to a wheeled from wages by
bast per too ground floor.
fUft fe—fl' fr!***oa carried into cellar.
COMPLETE and ACCURATE MARKET REPORTS
Local Stock Exchange
STOCKS.
Ind. Ry. & Light com 55 60
Ind. Ry. & Light pfd 90 96
Indpls. & Northwest, pfd 75
Indpls. & Southeastern pfd. ... 75
Indpls. St. Ry 49% ...
T. H., T. & Light pfd 79
T. H.. I. & E. com 2 5
T. H.. I. & E. pfd 9 16
U. T. of Ind. com 2
U. T. of Ind. Ist pfd 4 7
CJ. T. of Ind. 2d pfd 3
Advance-Rumel.v Cos. com... 42 ...
Advance-Rumely Cos pfd...
American Central Lite 235
Am. Creosotlng Cos. pfd 98 ...
Belt Railroad com 113% 123
Belt Rail Toad pfd 53% ...
Century Bldg. Cos. pfd 99% ...
Cities Service com
Cities Service pfd
Citizens Gas 35% ...
Citizens Gas, prior to 1917.. 36% ...
Dodge Mfg. Cos. pfd 97 ...
•Home Brewing SO ...
Indiana Hotel com 56 ...
Indiana Hotel pfd iOO
Ind. National Life 4% ...
Ind. Title Guaranty 68 71
Ind. Pipe Line 90
Indpls. Abattoir pfd 45%
Indpls. Gas 53 56
Indpls. Tel. Cos. com 4 8
indpls. Tel. Cos. pfd 73% ...
law Building 93
Lemeke Realty Cos. pfd 95 ...
Mer. Pub. Util. Cos. pfd 45 . .
National Motor Cos 20 22
Natl. Underwriting Cos
Public Savings 2% ... <
Kauh Fertilizer pfd 50
Standard Oil of Ind 740
Sterling Fire Insurance S% 9%
Stutz Motor Car Cos
Van Camp Hdw. pfd 99
Van Camp Pack, pfd 100
Van Camp Prod. Ist pfd.... 100
Van Camp Proa. 2d pfd... 100
Vandalia Coal com 5
Vandalla Coal pfd 12% 15
Wabash Ry. pfd 23
Wabash Ry. com 7% ...
BONDS.
Broad Ripple 5s 00
Citizens Street Railway 55.. 81 86
Ind. Coke & Gas Cos. 65.... 96
[nd. Creek Coal & Min. 65.. 98 ...
Ind. Northern 5s
Ind. Union Trac. 5s
Indpls., Col. & South. 5s 88
Inpls. & Greenfield 5s 97
Indpls. & Martinsville 5s 56% ...
Indpls. & North os 43% 50
Indpls. & Northw. 5s 54% 62
indpls. & Southeast os 39% 48
Indpls., Shelby. & S. E. 55.. 63
Ind. St. Ry. 4s 62% 64
Union Trac. & Ter. 55., 75
Kokomo. M. &W. os 83% 86%
T. H., I. & E. 5s
Union Trac. of Ind. 5s 65 75
Citizens Gas 5s 80 88
Indiana Hotel 2d 6s 99% 101
Indpls. Gas 5s 80 86
Ind. L. & H. 5s 80 85
Indpls. Water 5s 03 96
Indpls. Water 4%s 71 "9
Merchants H. &. L. ref. 55... 90 94%
New Tel. Ist 6s 93
New Tel. 2d 5s 98
New Tel. Long Dlst. 5s 90 100
South. Ind. Power 6s 94% 99.,
BANKS AND TRUST COMPANIES.
Aetna Trust 100
Bankers Trust 115
City Trust 75
Commercial National 72 81
Continental National 114
Farmers Trust 396
Fidelity Trust 11l
Fletcher American National. 257
Fletcher Sav. & Trust C 0... 166
Indiana National 273 283
Indiana Trust 204 214
Live Stock Exchange ....... 382
Merchants National ...... 261
National City 117 120
People's State 17U
Security Trust 115
State Savings & Trust 97% 100
Union Trust Company 365 385
Wash. Bank & Trust 130
LIBERTY BONDS.
Liberty 3%s 99 50 99.70
Liberty first 4s 93.00
Liberty second 4s 91.80
Liberty first 4%s 93.20 93.40
Liberty second 4%s 91.94 92.00
Liberty third 4%s 94.66 94.76
Liberty fourth 4%s 91.80 92.00
Victory 3%s 99.22 99.50
Victory 4%s 99.20 99.60
SALES.
$3,00 bonds Indpls. St. Ry 4a 61.00
57,000 bonds Indpls. St. Ry. 45.... 63.00
822,000 Liberty second 4%3 91.94
$3,000 Liberty third 4%s 94.76
Housewives’ Market
The following prices are the general
prices charged at the city market of
tained by striking an average of the
prices charged at various stands:
Apples, choice, per lb $ ,05@10
Bananas, dozen 20@30
Beans, stringless, lb " .30
Beans, navy, lb .10
Beans, lima, lb .17
Beans. Colo, pintos, lb .10
Brussels sprouts, box .25
Carrots, lb .05
Cabbage, ib .08
Cauliflower, 30@40
Celery, bunch .10@75
Cranberries, lb .10
Cucumbers, hothouse, each 30@35
Eggplant, each .25
Grapes, imported, lb .50
Head lettuce, each 20@30
Grapefruit, each 07%@15
Lemons, per doz 25@30
Lettuce, leaf, per lb .25
Onions, lb 06@10
Onions, Bermudas, each 10@15
Onions, green, 2 bunches ....... .15
Pineapples, each 30@40
Potatoes, peck .65
Pears. Anjau, lb .20
Peppers, green, each .05
Potatoes, 5 and 6 lbs .25
Radishes, %-lb .10
Rice, lb 18
Rutabagas, each 10@15
Squash, Hubbard, earn .15
SCtrawberries, qt box 1.25
Sweet potatoes, lb 06%@10
Turnips, 2 lbs .15
Parsnips, 2 lbs .15
Parsley, per bunch .05
MEATS.
The following prices are on first qual
ity, No. 1, government inspected meats
only:
Lamb chops, lb $ ,40@45
Leg of lamb, per lb 35@40
Boiled ham, per lb .75
Smoked ham, per lb 40@50
Round steak, per lb .85
Fresh beef tongue .30
Smoked beef tongue 40@4
Roast beef 25@30
Flank steak .30
Beef tenderloin .50
Pork chops .30
Pork sausage .30
Pork tenderloin .60
Porterhouse steak 40@45
Chuck steak 28@30
Bolling beef 18@20
Bacon ...-. : 40@60
Loin steak 30
Hams, whol .30
Lard, lb 33<®35
Lamb stew 15@25
Spareribs, lb .25
Shoulders, fresh beef .30
Shoulders, fresh pork .27
Beef liver 15
Veal chops 35@40
Veal steak .50
Calf liver 30@35
PRODUCE.
Hens, full dressed, lb $ .44
Frys, dressed, lb .45
Ducks, dressed, 1b... .48
Geese, full dressed, lb .45
Turkeys, N. Y. dressed, lb .55
Rabbits, dressed, each 45@50
Eggs, fresh selects, doz 78@80
Eggs, storage, doz .58
Butter, creamery, lb 70@74
WHOLESALE PRODUCE.
The following prices are paid for poul
try by local dealers:
Eggs—Loss off. 65c.
Poultry—Fowls, 25c; springs, 25c;
cocks. 17c; old tom turkeys, 35c; young
tom turkeys, 12 lbs and up, 40<r; young
hen turkeys, 8 lbs and up, 40c; cull, tbln
turkeys not wanted; ducks, 4 lbs up,
27c; ducks under 4 lbs, 24c; geese, 10
lbs up, 22c; guineas. 2-lb size, per doz,
$0; squabs, 11 lbs to doz, $6; rabbits,
drawn, $3.26; capons. 7 lbs up, 36c.
Butter —Clean packing stock, 40c lb:
fresh creamery butter In prints Is selling
at wholesale at 66c; In tubs, 65c.
Butter Fat—lndianapolis buyers are
paying 73c lb.
Cheese (wholesale selling prices)—
Brick, 37c lb; New York cream, 36c;
Wisconsin full cream, 36c; Longhorns,
37c; Ilmburger, 38c.
LOCAL HIDE MARKET,
Green Hides—No. 1,22 c; No. 2,21 c,
Green calves—No. 1,50 c; No. 2, 48%c.
Horsehtdes—No. 1, *10; No. 3, $3. Cwed
hides—No. X 28e; No. fl, Me.
PRICES OF HOGS
VARY WIDELY
Increase in Price Ranges From
10c to 25c Per Hundred
Pounds.
COMPARATIVE SALES.
Good Good Good
Choice Mixed Light
Dec. Heavy. Heavy. Heavy.
26. $14.26 114.25 $14.25
27. 14.25 14.35 14.25
29. 14.25 14.25 14.26
30. 14.60@14.75 14.50@14.75 U.65@14.75
31. 14.40 @ 14.60 14.50 @14.60 14.50 <g> 14.60
Jan.
2. 14.40@14.40 14.50@14.60 14.60@14.60
In compliance with the wishes of some
of the salesmen, buyers attempted Fri
day to establish a list of prices for hogs
that was to be governed by the average
weight, but this was not generally ob
served. Therefore, there was consider
able variety in prices of bogs of the
same weight. The general sales were
within a spread of from $14.50 to $14.75.
Most of tne bogs being of an average
of less than 250 pounds, they sold at
$14.60@14.75, 10(|25c higher than the day
before. There were odd sales as high
as $14.85@ 14.90, but they were offset by
sales of some of the heaviest swine at
$14.30@14.35. Pigs sold, in isolated
cases, as high as the matured hogs, but
sows were only steady at from sl3 down.
There were 14,000 hogs on sale, including
2.200 over from Thursday, and compara
tively few were left unsold.
CATTLE.
The was a continued lively demand for
a run of only 1,000 cattle and any change
In prices was again interpreted as being
more favorable to the selling side, but
at the close of trade when the pens had
been well cleared it was the consensus
of opinion that prices were not quotabl.v
higher than they were on Thursday. The
heifers and cows were again considerably
easier to sell than the steers, and they
are holding the advance In prices made
last week, but the steer cattle have lost
a part of thel rgaln. The initial sales
of calves were steady, with the best veals
up to s2l, but rarely higher htan S2O,
and the closing prices were much lower.
The demand for feeding cattle was equal
to the supply and prices were steady.
SHEEP.
It required a very few minutes to find
an outlet for the. run of only 300 sheep
and lambs and prices were fully steady.
There were no lambs good enough to
bring $lB, the top price for the day be
fore, but others sold from $17.50 down,
and the tip top price for sheep was $9.
with few good enough to bring more
than SB.
CATTLE.
—Steers —
Prime cornfed steers, 1,300
lbs and up $17.50@18,00
Good to choice steers, 1.300
lbs and up 16 50@17.00
Common to medium steers,
1.300 lbs und up 15.00@10.00
Good to choice steers, 1,100
to 1.200 lbs 14.50® 16.00
Common to medium steers,
1.100 to 1,200 lbs 11.50@14.00
Good to choice steers, 900 to
1.000 lbs 11.00@13.00
Common to medium steers,
900 to 1,000 lbs 9.00@11.00
Good to choice yearlings.... 14.00@16.00
—Heifers and Cows—
Good to choice heifers 11.00@13.50
Fair to medium heifers 9.00@11.00
Common light heifers 7.<>[e-mail]
Good to choice cows 10.00@l2.0t)
Fair to medium cows B.oo@ 9.00
Canners and cutters 5.00@ 7.00
—Bulls and Calves—
Good to prime export bulls.. 7.50@ 8.50
Good to choice butcher bulls. B.oo@ 9.00
Common to best veal calves.. 13.00@2t.00
Common to best heavy calves 6.00@12.00
—Stockers and Feeders Cattle-
Good to choice steers, 800 lbs
and up $11.00@12.00
Common to fair steers, 800 lbs
and up 9.50@11.00
Good to choice steers, under
800 lbs 10.00@11.00
Common to fair steers, under
800 lbs B.oo@ 9.50
Medium to good cows 6.25@ 7.25
Medium to good heifers 7.00 fi 7.50
Fair to best milkers 75.00@150.00
Stock calTes, 250 to 450 lbs.. 7.00@10.0t)
HOGS.
Good to best heavies. 250 lbs
average 14.30@14.50
Good, 200 to 150 lbs average. 14.50@14.75
Medium and mixed, 150 lbs
and upward 14.50@14.75
Good to choice hogs, 100 to
200 lbs 14.60@ 14.90
Common to good lights, down
to 140 lbs 14.50@14.75
Rough packers 11.00@13.25
Bulk of good sows 12.50@13.00
Best pigs, under 140 lbs 14.50@14.75
Feeding pigs 14.00 down
Bulk of good bogs 14.50@14.75
SHEEP AND LAMBS.
Good to choice sheep B.oo@ 9.00
Common to medium sheep... 4.00@ 7.00
Good to choice yearlings B.oo@ 9.00
Good to choice lambs 16.50@ 17.50
Common to medium lambs... 11.00@16.00
Bucks, per lbs 5.59@ 6.50
Other Live Stock
CLEVELAND, Jan. 2. —Receipts, 4,000;
market slow; yorkers, sls; mixed, sls;
medium, sls; )igs, sls; rough, sl3; stags,
$lO. Cattle--Receipts, 200; market
steadj. Sheep and lambs—Receipts,
1,000; market 50c lower; top, $18.50.
Calves—Receipts, 2CJ; market 50c lower;
top, $21.50.
EAST ST. LOUIS, 111., Jan. 2.—Cattle
—Receipts, 1,500; market, steady; native
beef steers, $15.60(016.50; yearling beef
steers and heifers, $14@15; cows, $lO@H ;
Stockers and feeders, $10@10.25; calves,
$16.75(gi17.00; canners and cutters, $5.50@
6.75. Hogs—Receipts, 17,500; market,
steady to 10c lower; mixed and butchers,
$14.50@14.75; good heavies, $14.60@14.70;
rough heavies, $12@13.50; light, $14.50@
14.75; pigs, $12.75@14.75; bulk of sales,
$14.50@14.75. Sheep—Receipts, 1,000;
market, steady on sheep, 25c higher on
lambs; ewes, $8.50@9.50; lambs, $17@18;
canners and cutters, $6.50@7.50.
Hay Warehouse
Preserves Apples
SEATTLE, Jan. 2.—When an early
frost threatened Okanogan apple grow
ers near here with the destruction of
their crops, a warehouse built of baled
hay averted disaster. Carload after car*
load of baled hay was rushed to Omak,
where the warehouse was hurriedly con
structed and finished Just In time to
prevent the loss of hundreds of thou
sands of dollars. Seventy thousand boxes
of apples were lying in the open when
the frost came this week. Fraternalism
prompted the erectors of the warehouse
to Invite the neighboring formers to
make use of the rude but serviceable
structure. During the progress of the
frost and the succeeding snowstorm the
warehouse of hay was made still more
redoubtable by an outer layer of tat
paper.
Each Thought Other
Dead; Married Again
NEW YORK. Jan. 2.—A queer marital
tangle In which both husband and wife
thought the other dead and married
again was disclosed at Rlverhead, L. I.
Emmett L. Wood, a world war veteran,
was convicted of bigamy and received a
six months' sentence.
Wool married Miss Allisa Reeve of
Sayville, in 1912. His wife left him, and
he enlisted. Upon his return from over
seas he married Miss Anna Ordoeck,
thinking his wife had died. His wife
in the meantime had married Peter Mur
ray of Huntington. She was acquitted of
bigamy.
HOOBIER DIES IN AUTO SPILL.
ANDERSON, Ind., Jan. 2.-The body
of Daniel Woolums, 30, Anderson mnn,
fatally hurt In an automobile accident
at St. Louis, Mo., may be brought here
for burial. Woolums left here about
four years ago and entered business at
St Leals.
INDIANA DAILY TIMES, FRIDAY, JANUARY 2, 1920.
Wholesale Meats
Smoked meats shown call for discount
of %c lb for order of 150 of one Item;
250 lbs and over discount of %c lb.
PORK.
HAMS—
Regular, 14 ot 16 1b5...., .30%
Skinned, 12 to 14 lbs 32%
Fancy boiled .47
BACON—
Fancy breakfast, 5 to 7 lbs.. .47
Sugar cured. 14 to 16 lbs .31
Sugar cured squares .31
Fancy sliced, 1-lb. cartons.... .53
PICNICS—
Sugar cured, 5 to 7 lbs .25
SALT ME A"’ -
Dry salt jowl butts .23
PICKLED puRK—
LARD—
Refined, tierce basis .27
Open kettle, tierce basis .28
FRESH POllu. —
Spare ribs .22
Shoulder bones .09
Tenderloins .57
Dressed hogs .21
Light loins, 7 to 9 lbs .26
Extra light loins, 4 to 6 lbs... .28
Boston butts -24%
Fresh boneless butts .30
Skinned shoulders .21 Vi
SAUSAGE—
Breakfast in 1-Ib. cartons .30
Standard, fresh, bulk .18%
Frnnkfurts, hog casings .19%
Bologna .17%
FRESH BEEF.
Medium steers, 400 to 500 lbs.. .15%
No. 2 heifers .15
Native heifers 18@22%
Medium cows .13
LOINS—
No. 3 20
RIBS—
No. 2'. .39
No. 3 .20
ROUNDS—
No. 3 .20
No. 2 .22
CHUCKS—
No. 3 .14
PLATES—
No. 3 ~ 11
VEAL.
CARCASSES—
No. 1 quality 23@25
No. 2 quality 14@1S
CHURCH HEADS
CALLMEETING
World Movement Session Will
Be Held at Atlantic City
Next Month.
NEW YORK. Jan. 2.—ln response to
a call sent out by Robert Lansing, John
R. Mott, S. Earl Taylor and other promi
nent churchmen on behalf of the Inter
church 'World Movement of North Amer
ica, 1,000 delegates of the various Prot
estant denominations and organizations
of the United States will meet Jan. 7 at
Atlantic City for a four-day conference
to determine a program of world activity
by American Protestantism. The steel
pier has been engaged for the meeting.
The conference, It Is said, will be the
largest and most Important gathering
of religious leaders ever held In this
country. Nearly 100 denominational
boards, Including sbme 200,000 churches,
with a membership of more than 25,000.
000, will be represented by the delegates.
"To consider for the first time the
whole task of the Protestant churches or
America, at home and overseas," says
the conference call, the delegates will be
given the results of the American and
foreign surveys which the Interchurcu
World Movement has been making for the
last six months. These surveys, which
are said to be more comprehensive than
any census ever made by a government
or other agency, covers Industrial condi
tions. The American survey is being
made county by county and the foreign
survey country by country and province
by province. The latter covers Asia,
Africa, South America, the principal Isl
ands and parts of Europe.
The survey will be considered by tbe
conference In six groups; home mission
ary work, both urban and rural; seculaT
and religious education; ministerial sup
port and relief; hospitals and other
Christian denevolent Institutions; foreign
missionary work and industrial relation*.
On the information disclosed by the
surveys, a great world-wide program for
co-operative action by tbe Protestant ele
ments of tbe United States will be pre
pared and the resources of men and
money required to carry it through will
be determined. It la expected that the
date of a united and simultaneous cam
paign by the churches to raise the funds
needed will be devised upon at the con
ference.
From the conclusion of the conference
sessions on Jan. 10 to Jan. 14 there will :
be supplemental meetings of the various
denomiantlonal groups. On Jan. 12 the
Interchurch World Movement dinner will
be held, taking the place of the annual
dinner of the Missionary Education Move
ment. From Jan. 12 to 14, the Home
Mission and Foreign council will meet
FOR LEASE
Three story and basement brick building, 32 ft. by 110
ft., corner Jackson place and Meridian street. Good loca
tion now, and will be better. This is a splendid location
for a retail or wholesale business. Address A 815, Times.
ffiSKT F®* Fire and Burglar Proof Safe* and
MM] Vault Doors
l "I'fl j Real Fireproof Filing Safes
Q In Five Sizes
i From 20x30 to 40x60 Inside. These safes <&n be
SSHPWjff equipped with any steel filing system. A com
plete Hue of office furniture and equipment.
, Aetna Cabinet Company
Display rooms 821-829 W. Maryland St., Indianapolis
CENTRAL STATES AGENCIES
Incorporated under the laws of the State of Indiana
Financial Brokers and Underwriters
Market Priee Paid for Liberty Bonds
Phones £££" 127 E. Market St., Indianapolis
* .. —i
Money to Loan on Mortgages
STATE LIFE INSURANCE CO.
I. M.TAYLOR&CO.Inc.,BANKERS
7 Wail St., New York J, ||, COREY, Mgr. 208 Humt-Mansur, iad’pTa
WOULD DOOM
MONEY TRUST
London Paper Favors Na
tionalization of Bank and
Open Clearing House.
LONDON, Jan. 2. —England is In the
grip of a gigantic money trust which
is holding tho nation to ransom or.
money rates, according to the London
Dally Express. The Daily Express hat
been waging a campaign to force the
government:
First, to insist that the clearing house,
now dominated by private banking in
terests so that It Is virtually a monopoly,
be thrown open, so that seats may be
held by any .bank.
Second, to enact legislation making it
illegal for the banks to combine to fix
the rates of interest and discount, thus
preventing what virtually amounts to
a restraint of trade by big banks.
Third, to end the career of the Bank
of England as a private enterprise with
certain national privileges, making the
bank Instead a real national bank.
The Daily Express calls upon the pub
lic to back up this demand, which It
holds is justified not only by onerous
banking conditions but by increased
charges on every person’s cost of living,
owing to squeeze methods employed by
the alleged bank combination.
MONEY OCTOPUS
PRACTICALLY COMPLETE.
“The process of forming the money
trust is now virtually complete," the
Daily Express charges, “and a five-head
ed octopus of five great concerns domi
nates the money market and can fix
money rates independently of the law
of supply and demand."
The Dally Express alleges that the
Bank of England Is a part of the money
trust and that It has increased the bank
rate to 6 per cent without ample rea
son, adding millions of dollars daily to
the nation's burden.
"Remember," warns the Daily Express,
“that money has ceased to be a free com
modity subject to the laws of supply and
demand so far as Great Britain Is con
cerned. Tbe treasury and the humblest
individual alike can only obtain advances
and credit at the hands of the trust, and
must pay for them what the trust cares
to demand.
"This la a dangerous and autl-soeial
situation, and no such power can safely
be placed In the uncontrolled hands of In
dividuals."
The Express points out that on Oct. 3
the rate of interest on treasury bills at
three months was 3% per cent, while to
day It Is 5% per cent. On Oct. 3 the rate
of interest paid on deposits by banks
was 3 per cent, while now It Is 4.
EDGE OF PROFIT
FAVORS BANKS.
Thus while the banks are receiving 2
per cent more from the treasury they!
are only paying their depositors 1 per j
cent more. Since there are about $4.200,-1
000.000 of treasury bills out, all of them ;
negotiable securities which can be turned
into cash any day. It means that the I
added 2 per cent means a gross profit of
$t26,000.000 to the banks which bold prac
tically all the bills. Raising the Interest j
on customers' deposits which were used j
to take up such bills still leaves the j
banks a net $63,000,000. The Daily Ex
press bolds that such a division of profits
is "absolutely indefensible."
The Express says the total annual
profits of the banks Involved in this hold
up are more than $92,400,000, the raising
of the interest rate to the government
adds nearly a 75 per cent increase to the;
banks' profits. The Express wants to ;
known If the depositors are going to take j
this "lying down."
The Express demands that the chancel
lor of the exchequer assert control over
the money trust and compel the banka to.
raise their rate of Interest to their de
positors to the full amount of the in- I
crease In the treasury bills.
Shipping Board Bans
Booze on Its Boats
WASHINGTON, Jan. 2.—lntoxicat
ing liquor will not be sold on shipping
board passenger lines plying between
New York and South America, John B.
Payne, chairman of the beard, announces.
The first of these ships, the Moccasin,
will sail from New York on Saturday.
Despite assurances from the board's legal
department that the prohibition laws
would not be effective outside of the
three mile limit, Mr. Payne takes the
position that since the sale of liquor
in the United States is prohibited its sale
should not be permitted on government
owned vessels.
The question of whether serving wines
with meals would constitute a sale of
liquor within the meaning of the law, has
not yet been determined, officials of the
board said.
Weather in Other Cities
Station. Bar. Temp. Weath.
Atlanta, Ga 30.16 ‘2O Clear
Amarillo, Tex 30.38 20 Clear
Bismarck, N. D 30.46 18 Clear
Boston, Mass 29.82 18 Clear
Chicago, 111 30.18 —4 Clear
Cincinnati, 0 30.08 14 Snow
Cleveland, 0 29.98 6 Cloudy
Denver, Colo 30.30 *24 Clear
Dodge City, Kas.. 30.34 22 Clear
Helena, Mont 30.36 18 Cloudy
Jacksonville, Fla.. 30.12 40 Clear
Kansas City, M 0... 30.32 18 Clear
Louisville, Ivy 30.12 18 Snow
Little Rock, Ark.. 30.30 28 Clear
Los Angeles, Cal.. 30.04 58 Clear
Mobile, Ala 30.24 32 Clear
New Orleans, La.. 30.28 38 Clear
New York, N. Y... 29.92 10 Clear
Norfolk, Va 30.02 28 Clear
Oklahoma City 30.28 26 PtCldy
Omaha, Neb 30.38 10 Clear
Philadelphia, Pa... 30.00 16 Clear
Pittsburg, Pa. ... 30.02 8 Cloudy
Portland, Ore 30.24 32 Clear
Rapid City, S. D.. 30.26 20 Cloudy
San Anionio, Tex.. 30.34 36 PtCldy
San Francisco, Cal 30.10 42 Clear
St. Louis, Mo 30.26 14 Snow
St. Paul, Minn.... 30.34 —l6 Clear
Tampa, Fla 30.06 62 Cloudy
Washington D. C. 30.04 16 Clear
Observation taken at 7 a. m., Jan. 2,
1920, by United States weather bureaus, j
WEATHER CONDITIONS, 7A. M. j
The cold wave which overspread the j
north central states during Thursday j
has continued its movement eastward, I
and has now reached the Atlantic coast, j
where temperatures are now from 20 to
30 degrees lower than those of yesterday !
morning. Cold weather continues oxer i
most of the central valleys with the read
ings below zero front lowa and northern !
Illinois northward. It is somewhat :
warmer in eastern Montana and western
North Dakota and the Canadian prov- j
inces immediately to the northward,
due to a depression which has made its |
appearance in that region. Light snow j
flurries have occurred in the Ohio and
middle Mississippi valleys and thence in
a narrow’ belt northwestward to eastern
Montana. Elsewhere the weather gener
ally has been fair.
J. H. ARMINUTON, Meteorologist.
CLEVELAND PRODUCE.
CLEVELAND, Jan. 2. —Butter —Cream-
ery in tubs, 68%@69c; extra first. 67@
67%e; firsts, 66@66%c; prints, lc higher';
seconds, 6o@6Ge; packing, 45c. Eggs
Extras, 70c; extra firsts, 69c; northern
firsts, new cases, 68c, old cases, 67c;
southern and western firsts, new cases,
66c; refrigerator extras, 53c. Poultry—
Live fowls, 27@28c; heavy grades, 32@
34c; roosters, old, 21e; springers, 27®28c;
heavy grades, 33@34c; ducks, 3S@4oc;
geese. 30@35c, turks. 50@55c.
A Safe and Profitable Invest
ment for Christmas Funds
and January Dividends.
The Robbins Body Corporation—an old line concern, a
part of the highly prosperous AUTOMOTIVE INDUS
TRY and founded forty-six years ago—
—offers for a limited period only a portion of its capital
stock, to be used for plant extensions.
A Going, Growing Concern
-—ably managed and with all the business it can handle
for the next year. This is a rare opportunity for the
conservative investor, be he large or small.
Partial payment pYan if desired.
Write or phone for “Book of Facts.”
American Finance Company
INVESTMENT SECURITIES.
* Odd Fellow Building. Phone Main 1326.
Indianapolis.
We ° ffer ctv *
and Highly
Recommend
Preferred Shares, Seven Per Cent—Participating—
Non-Taxable in Indiana
Consumers Distributing Company
Developing a Chain of Cash General Stores
Throughout the State
This is a going: concern doing business. Only a limited amount of Preferred Shares
wffl be placed at this time, for the purpose of accoutring additional stores.
Write Us for Particulars
Indianapolis Securities Company
FRANK K. SAWYER, President i '
“Pioneen in Preferred Stocks ” 1
On Commission Row
TODAY’S PRICES.
Apples—ln barrels: Extra fancy Red
Jonathans, sl2; extra fancy Grimes
Golden, $11; Baldwins. $8.50; Greenings,
$9; Hubbardson, s9@ll; Jonathans. s9@
10.50; Rome Beauties. $5.50@10.00;
Kings, $9; Wine Saps, $10; Maine North
ern, $10; Wealthy, $8; York Imperials,
$9; Kinnaird Favorites. $8; Grimes
Golden, No. 1 grade, $9. In boxes: Rome
Beauties, 80s to 150s. $3.50; Grimes Gol
den. 96s to 1755. $3.50; Delicious. SOs to
150s, $4.50; Winter Bananas. SOs to N>os,
$3.75; Yellow Ortleys, 72s to 1635. $3.50
@3.75; Spitzenberg. 80s to 150s, $3.50.
Bananas—Pound. 7c.
Beans—Michigan navy, in bags, uer lb,
8c; pinto. 8c: lima.s, 15%c; blackeyed, Bc.
Cabbage—Cwt., $u
Feets—Basket. 49 lbs.. $1.25.
Carrots—Basket, 40 lbs, $1.35.
Cauliflower—Fancy, crate. 12s to 14s,
$2@2.25.
Celery—New York, crate. 7 to 10 do*
SB.
Cider—Gallon. 75c.
Cocoanuts—Per 100. $12.50; doz, $1.75.
Cranberries—32-lb box, $3.25@3.50: bbl,
$0.50; Centennial, bbl, $10.50.
Cucumbers—Hothouse, Davis, 2 doz
box, $6; doz. $3.10; extra fancy, 2 doz,
$7; doz, $3.00; Florida. 0 doz box, $7.
Dromedary Dates—Three doz pkgs,
$6.75.
Figs—New, in boxes. 50 pkgs. 6-oz. 55';
24 pkgs, S-oz, $3.25; 12 pkgs. lb-oz, $2.25;
10-lb layer, $3.25: Smyrna, box it lb--.
$4.20; Spanish, box, 2 lbs. $5.5t
Garlie-—Pound. 50c.
Grapefruit—Extra farcy Floridas, $4.50
$4.75; fane..' Floridas. $4.
Grapes—California Emperors, in kegs,
32 lbs net, $7.50; imported Almerias, in
kegs, 32 lbs, $8.50.
Honey—Comb, new, cases of 24 caps.
$7.75; extractced. 60-lb tins, 22c.
Lemons—Californias, standard box, $4
@5.
Lettuce— lb. 22c: endive, doz. 40e;
Iceberg, crate, 4 doz, $5; eastern head,
crate, 7 to 9 doz, $5; Florida, crate, 3
doz $3.
Mangoes Florida. 2 doz, basket, 60c.
Oranges—California, standard box,
$4.50@5.75; Sunkist, $5.50@6.25; Floridas,
SO.
Nuts—Filberts, lb, 29@32c; English
walnuts, 37(7.40c; chestnuts, 35c; pecans.
30c, 50c, 70e: Brazils. 22c; almonds, 33@
36c; shellbark hickory. 10c,
Onions—Red anu yellow, cwt, $5.50;
western, $6; Spanish imported, crate,
$3.50; green, doz bunches, shallots, 75c;
Calif., crate, 120 lbs. $lO.
Oyster Plant- Doz, -toe.
Pears—Washingtons, box 40 Iba, $5.50.
Persimmons—Crate, 24-piut boxes. $1.75
@2.
Popcorn—Lb, 10c.
Potatoes —Western fancy, cwt, $4.50;
northern white, $3.80.
Rutabagas—Cwt, $175; 50 lbs, sl.
Sage—Fancy, doz 50c.
Sweet Potatoes—Hamper, 45 lbs., $3;
Nancy Hall, hamper, 40 lbs. V 2.
Grains Start Off Year Wi4
Higher Prices Ruling
COMMON STOCIr
GOES SOARING
Answer Is Shown by Increase
in Cost of Retail Milk in
Cleveland, O.
CLEVELAND, Jan. I.—lb is fortunato
for the good disposition of babies that,
as a rule, thev do not follow stock quo
tations and keep themselves posted on
investments.
The fathers and mothers of Cleveland
were notified that on the first of the year
the price of certified milk would be in
creased to 32 cents a quart, 18 cents a
pint.
They were Informed, also, that Grade
A milk would cost 25 cents a quart, 15
cents a pint.
The Telling-Belle Vernon Company ex
plained that these increases were "SB*
lug to increased cost of production." g^W
If babies could read they v.ould kWHt
that the reason many of them will WE
on short rations may be increased
dilution of dividends. J
Common stock in the TcllingtßeT!* i
Vernon Company reached the high marw
of 130 in 1918. In Decernber, 1919, when
tlie increased prices were announced,
common stock was quoted at 275.
Tots and Teacl ers
to Aid in Census
WASHINGTON, Jan. 2.—An appeal to
the school children and their teachers
to aid in the 1920 census was voiced by
Dr. P. P. Claxton, commissioner of edu
cation. recently.
In his statement Dr. Claxton said:
"Teachers and school officials, and the
children in the schools as well, can help
the government with the fourteenth cen
sus of the United States, which begins
Jan. 2, 1920. by making clear to all the
people in the community how important
the census work is.
“The enumeration of the population
during a census of the United States al
ways presents numerous difficulties—
among them apprehension on the part vs
the people, particularly those of foreign
birth or extraction, that their answers
to the enumerator's questions will cause
increased- taxation, legal entanglements
or other consequences injurious to their
welfare. The schools can assist material
ly in quieting such unfounded fears and
at the same time acquaint all persons
with tbe main questions included in the
census schedules.”