Indiana daily times. [volume], January 17, 1920, Home Edition, Page 11, Image 11

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

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Rally Halts Raid on Stocks
S% and Close Is Steady.
STOCKS STEADY
ON LATE RALLY
Severe Pressure Checked and
Prices Recover.
WBW YORK, Jan. 17.—There was an
improved tone to the trading at the
Tnlng of the stock market today, most
the active issues making trains of
from fractions to over 3 points.
The steel stocks were in demand, steel
common advancing- % to 105%, Republic
kttteel 1% to ICO Mi and Baldwin Loccmo-
Klve 1% to 112%. Crucible Steel, how-
H-cr, was under pressure and after ad
■inclng to 206 had an abrupt drop to
■The display of strength at the start,
Bnyeyer, was short lived, when u scdling
caused violent declines In
Phony issues. .
General Motors, after advancing 8% to
310%, slumped to 300. United States
Steel lost all'of its early advance, drop
ping to 104%, while Baldwin Locomotive
lost all of Its early gain. Crucible fell
further to 197, a loss of eight points.
The oil shares were also under pres
sure after the start, Mexican Petroleum,
after advancing 1% to 191. dropped to 187.
Pan-American Petroleum sold two points
higher at 90%, but quickly lost this gain.
Royal Dutch rose to 103% at the start
and then suffered a setback of one point.
Pierce Arrow rose % at the start to
70% and then dropped 3 points.
American Woolen advanced 2 points at
the start to 150, with a quick reaction
to 147. American Sugar rose 2 points
to 137 and International Paper 1% to
81%
The copper stocks made fractional up
turns, Utah advancing % to 75% and
Anaconda to 60%.
There was a complete reversal of mar
ket sentiment in the final trading. Ral
lies of from 1 to 4 points .were made.
Steel common was finally 106%, an
upturn of %. Baldwin Locomotive ral
lied 1% from the low to 111%. Shell
Transport rose 2% to 83% and Mexican
Petroleum rallied 4% from the low to
19.1% and General Motors finished at 300,
a loss for the day of 1 point.
Pierce Arrow rallied 2% to 70.
Fractional gains were made In the
railroad and copper shares.
Roval Dutch was finally 104%, Ameri
can Internationa! 100%, Bethlehem Steel
B 94% and U. S. Rubber 124%.
The market closed steady. Govern
ment bonds unchanged; railwa-y and
other bonds steady.
Total sales. of stocks were 504,300
shares; b0nd5,"*7,293,000.
Total sales of stocks for the week were
5,764,500 shares; bonds, $87,133,000
; MOTOR SECURITIES.
I (By Thomson & McKinnon.)
| —Opening—
i Bid. Ask.
■cflßtraers, com 3 *
■Packard, com 27 -7%
B’ackard, pfd 96 _?7
■Chevrolet 350 000
H'eerless ..................... 39 *iS
Continental Motors, com 13% 14
Motors, pfd 100 102
■pp, pfd 192
K Motor Car 27% 2i%
Motors 7% 8
Hnnt Motors 10% 10%
of Canada 430 435
International Motor, com... 110 125
Motor, pfd .... 80 100
Mfg 44 48
Motors 55 .0
BBtional Motors 24% 25%
Hfdsral Truck 70 72
Motors 44 45
Truck 51 52
8 ACTIVE OIL STOCKS.
(By Thomson A McKinnon)
HP? —Opening—
H, y Bid. Ask.
Higlo-American Oil, ex-dtv. 29% 30
Refining 1525 1575
1 .pe Blue 98 100
Mfg. t'ons 200 275
Oil, Colo 550 500
Hbaden Oil and Gas 8% 9%
HrMcent Pipe Line 35 45
Pipe Line 120 140
■H& Basin Pete 8% 8%
Sfßreka Pipe Line 130 153
Oil, pref 108 113
Oil, com is) 93
Pipe Line 172 175
ripe Line 98 tOl
flfcrritt Oil 19% 20
Oil ...-I! 1% 2
west Refining 105 Ids
Bsßßional Transit 35 36
York Transit 173 177
Pipe Line 102 106
Oil 370 375
Oil and (las 660 670
Pipe Line 270 275
Refining 6% 6%
IHir Refining 370 390
Pipe Line 163 168
|£Hth Penn Oil 335 . 340
Penn Pipe Lines 97 100
Oil Cos. of Cal 317 322
JBHfcdard Oil Cos. of Ind 735 750
Oil Cos. of Kan 670 710
Oil Cos. of Ky 400 480
Oil Cos. of Nob 520 540
IKBiriard Oil Cos. of N. J 270 275
Oil Cos. of N. Y... 445 450
yjlndard Oil Cos. of 0hi0... 535 555
& Finch 95 110
Tank Line 125 130
Oii 3Q 35
IT FINANCIAL. ~
B YOw CAN
I BORROW MONEY
pwf SO CHEAP
on such easy terms of repayment
moEB* the Fidelity Loan Company, a 11-
and bonded firm, for use in paying
bills or to buy the things you
for CASH at BARGAIN PRICES
jßt every one should take advantage of
service.
ON FURNITURE
$20.00 to $300.00
rates, on short notice and without
We give you all the time you
to repay a loan and only charge for
time you have the money. Fair
Bffg it?
jIBYou Can Afford to Borrow
$ 40 pay $2 a month and interest
Hp $ 60 pay $3 a month and interest
Hi SIOO pay $5 a month and interest
Il|k.Y MORE ANY TIME AND REDUCE
C3g THE COST
IN YOUR BEHALF
gre on the job eight hours a day, and
personal contact and personal
plus a deep personal Interest, we
serve you and your friends as you
to be served. In these unusual times
friendships, close relations, mu-
understandings and co-operatton are
assets to all of us. We are ready to
three-fourths of the way. Now it la
to you.
■Fidelity loan co.
106 E. Market St.
Room 532 Lemcke Bldg.
Bain 1278. Auto. 27-782.
J WHEN YOU NEED - '!
MONEY
SIOO-S2OO-S3OO
H Investigate our easy-to-pay
■ Twenty-Payment Plan Loans.
■ Got SSO, pay back $2.60 a month.
■ " SIOO. '"• $5.00 *•
With interest at 3%% per month.
■ You pay only for the actual time
■ loan runs. Interest is charged only
■ on the actual amount of cash still
■ outstanding. Come in and get free
booklet. “The Twenty Payment
Plan," which describes everything
■ fully. All business confidential. 1
■ We Loan on Furniture, Pianos,
■ Vlctrol&g, Live Stock, Automobiles,
T> etc., without removal.
Also on Diamonds, Etc.
H for Ions: or short time
Call, phone or write
Indiana Collateral
Loan Cos.
(Bonded Lenders.)
-?y ESTABLISHED 1887.
H 24% EAST WASHINGTON ST.
■■ Phone Main 3286. New 25-786. -
■gUKANCE Oi ALL its brancuesT
H AUBREY D. PORTER. 1 Law bid*,
■kin 704*-
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■Kent-
COMPLETE and ACCURATE MARKET REPORTS
Local Stock Exchange
STOCKS.
Bid. Ask.
Ind. Rv. & Light com 55 60
Ind. Ry. & Light pfd 90 #6
Indpls. & Northwest, pfd to
Indpls. & Southeast, pfd • •
Indpls. St. Ry 01% 01%
T. H., T. & Light pfd 79 ...
T. H., I. & E. com 2 5
T. H., I. &E. pfd.r. 9% 1®
U. T. of Ind. com 2
U. T. of Ind. Ist pfd 4% 8
U. T. of Ind. 2d pfd • • 3
Advance-Rumely Cos. c0m.... 41 45
Advance-Rumely pfd 70 <5
Am. Central Life 235
Am. Creoeoting Cos. pfd 97 ...
Belt Railroad m 115 122
Belt Railroad pfd 53% ...
Century Bldg. Cos. pfd 99
Cities Service com 418
Cities Service pfd
Citizens Gas 35% ...
Citizens Gas, prior to 1917.. 36% ...
Dodge Mfg. Cos. pfd 98% ...
Home Brewing 50 ...
Indiana Hotel com 70 ...
Indiana Hotel pfd 99 ...
Ind. National Life 4% ...
Ind. Title Guaranty 64 69
Indiana Pipe Line 96 ...
Indpls. Abattoir pfd 49 53
Indpls. Gas 53 56
Indpls. Tel. Cos. com 4 8
Indpls. Tel. Cos. pfd 73% ...
Law Building 93
Lemcke Realty Cos. pfil 95
Mer. Pub. Util. Cos. pfd 52
National Motor Cos 24 25%
Natl. Underwrit. Cos.
Public Savings 2%
Ranh Fertilizer pfd 50
Stand. Oil of Indiana 730
Sterling Fire Insurance .... 8% 0%
Stutz Motor Cos
Van Camp Hdw. pfd 99
Van Camp Pack, pfd 101 ...
Van Camp Prod. Ist pfd.... 100
Van C3tnp Prod. 2d pfd.... 100
Vandalia Coal com 5
Vandalla Coal pfd 11% 14%
Wabash Ry. pfd 22 ...
Wabash Railway c0m....... 7
BONDS.
Broad Ripple 5s 87
Citizens Street Railways ss. 82 87
Ind. Coke A Gas Cos. Os 96
Ind. Creek Coal & Min. 65... 98
Ind. Northern 58
Ind. Union Trae. 5s
Indpls., Col. & South. 5s 88
Indpls. & Greenfield 5s 97 ...
Indpls. & Martinsville 55... 57% ...
Indpis. & North. 5s 44 48%
Indpls. & Northwestern 55.-. 53 65
Indpls. & Southeast 5s 40 49
Indpls., Shelby. & S. E. 55.. 64
Ind. St. Ry. 4s 61 68
indpls. Trac. & Ter. 5s 63
Kokomo. M. & M. 55.. 84 85%
T. H.. I. & E. 5s
Union Trae. of Ind. 6s 64 74
Citizens Gas 5s 84 87
Indiana Hotel 2d 6s. , 99 101
Indpls. Gas 5s 79 86
Ind. L. & H. 5s 81 87
Indpls. Water 5s 93 96
Indpls. Water 4%s i 74 80
Merchants H. A L. ref. 55... 90 94%
New Tel. Ist 6s 93
N6w Tel. 2d os 98
New Tel. Long Dist. 5s 91
South. Ind. Power 6s 94% 98%
BANKS AND TRUST COMPANIES.
Aetna Trust 101
P.ankers Trust 115
City Trust 80
Commercial National Vi 81
Continental National 111% ...
Farmers Trust 390 ...
Fidelity Trust . 11l
Fletcher American National. 257
Fletcher Sav. A Trust C 0.... 166
Indiana National 273 283
Indiana Trust 2<>i 214
Live Stock Exchange 382'
Merchants National 261
National City 114% 120
People's State 170 ...
Security Trust 113
State Savings & Trust 96 97%
Union Trust Cos 365 385
Wash. Bank A Trust 130
LIBERTY BONDS.
Liberty 3%s 99.00 90.50
Liberty first 4s 92.00 91.00
Liberty* second 4s 91.000
Liberty first 4%s 92.80 93.00
Liberty second 4%g 91.26 91.40
Liberty third 4Vis 93.52 93.72
Liberty fourth 4%s 91.36 91.44
Victory 3%s 98.46 98.66
Victory 4%s 98.60 98.62
SALES.
$22,000 Liberty fourth 4%s 91.40
$5,000 Victory 4%s i 98.60
Local Bank Clearings
Friday T..... 53,336,000
Same day last year 2,066,000
Increase over last year $1,270,000
Today’s Market Gossip
It Is reported at Chicago that offer
ings of cash corn from both lowa and
Nebraska are on a much freer basis.
Wire from Chicago says that, while
true, the size of the corn crop warrants
a liberal surplus over and above all
needs. This fact Is a valid reason for
discarding Ideas of permanently higher
prices. But It is far from likely that
any straightaway decline will be seen
so long as the May deliveries are selliug
at some 15c under the price of dally
receipts.
The New York Financial News says:
“General speculation throughout the
country, apparently fluanced by bank
loans and other money, which, it Is felt
here, should be used solely for the de
velopment of legitimate business, con
tinues to confront the treasury depart
ment and the federal reserve board. Re
ports received by the board and treas
ury department as to the reaction of the
recent advance In rediscount rates, initi
ated for the purpose of discouraging un
bridled speculation, do not Indicate that
this aim has been accomplished.’’
Dispatch from New York says: “The
reserve board may advance the redis
count rate, but the real cure rests with
the individual banks. Bank credits are
tied up in raw materials and manufac
tured products, and these loans can’t be
called like a stock loan, but there will
come a day of maturity. Then what
will happen! If they are renewed you
have the same trouble, and If only 5
per cent should not be renewed you
would have a different kind of trouble.
Whatever way you take It the outlook
is not very brilliant.”
Grain letter by wire'from Chicago
says tbiri shortage of cars and motive
power ha's been' one of the sustaining
influences in grains. It now seems to be
working out as quite bearish In that
shipment to the seaboard is materially
hampered. This will necessitate cancel
lation of ocean charters and more or
less resellllng of grain by seaboard ex
porters. Cushman says he has sold
rye at every opportunity, and yet he has
more on hand now than he had six weeks
ago. This typifies the difficulties of ex
port business and will result in build
ing up accumulation of all grains.
Sterling Demand
Opens l-4c Lower
NEW YORK, Jan. 17.—Sterling de
raanci on the foreign exchange opened
at $3. off Vi, here todav. Franc
checks were up 2 centimes at 11.60. Marks
were quoted at SOIB and Vienna kronen
at $.0045.
WHOLESALE PRODUCE.
The following prices are paid f®r
poultry by local dealers:
Eggs—Fresh, 60c doz.
Poultry—Fowls, 30c; springs, 30c;
cocks, 18c; old tom turkeys, 35c; young
tom turkeys, 12 lbs and up, 40c; young
tom turkeys, 2 lbs and up, 40c; young
hen turkeys, 8 lbs and up. 40c; cull thin
turkeys not wanted; ducks, j| lbs up
28c; ducks, under 4 lab, 23c; geese, 10
lbs up, 2Cc; guineas, 2-lb size, per doz
$10; squabs, 11 lbs to doz, $6: capons
7 lbs up, 38c.
Butter —Clean packing stock, 40e lb;
fresh creamery butter in prints, is selling
at wholesale at 63c; in tubs, 62c.
Butter Fat—lndianapolis buyers are
paying 63c lbs
Cheese (wholesale selling prices)—
Brick, 87c lb; New York cream. 88e;
Wisconsin full cream. 36c; Longhorns! I
87c; limburger, 38c.
SWINE DOWN
25 TO 50 CENTS
9
Heavy Supply Responsible for
Change in Local Market.
COMPARATIVE SALES.
Good Good Good
Cholca Mixed Light
Jan. Heavy. Heavy. Heavy.
12. $ 14.7f @14.80 $14.75 514.76@14.85
18. 14.90@15.10 14.90@15.10 15.00
14. 15.00 @14.10 16.00@15.16 15.00@15.10
16. 15.50 @15.75 15.50@16.65 16.50@15:75
16. 15.50 @15.75 15.50@15.66 16.60@15.75
17. 16.00@15.15 15.00 @15.15 15.15@15.25
The fresh receipts of 15,000 hogs, aug
mented by nearly 2,000 layovers, was the
principal factor that proved a stumbling
block to salesmen and enabled buyers
to execute their orders at a decline of
25@50c in prices compared with those
for the day before. Local packers showed
their appreciation of the unusual decline
bv extending their purchases to a total
or 10,000 hogs, but the crowd of outside
buyers were “weak sisters” and did not
give enough support to clear the supply.
It wag estimated that about 14,000 hogs
were finally sold. The prevailing prices
were sls for the good hogs weighing 250
pounds up, $15.15 for the lighter kinds
down to 225 pounds, and $13.25 for the
hogs averaging less than 225 pounds.
Pigs did not sell as high, relatively, as
usual, but the good fat bucks brought
sls. Sows were mostly 50c lower with
general sales at sl3 to $13.25.
There was an increase of more than
2,500 hogs in the receipts this week over
last week and 24,000 fewer so far this
month than the same time a year ago.
The general sales this week were finally
at sll to $15.25 against $15.50 on Thurs
day and Friday, sls on Tuesday and
Wednesday and $14.75 on Monday.
CATTLE.
The feceipts of 700 cattle'were con
siderably larger than normal for the
closing market of the week and the
demand was hardly ns good as It has
been at this tkne In the week for some
time. Consequently the conditions wore
not favorable to the interests of sellers
and even at a consistent sacraflce In
prices they were unable to clear the
pens. There was a bad break in price*
of veal calves, with the tiptop price
s2l, but there were few higher than S2O
and most of the business at. $19.50 down
was 50c higher than the Initial rnark.t
A decrease of more than 2,500 cattle
in the marketing this week did not
save sellers the embarrassment of a de
cided decline in prices and the final mar
ket of the week was tha most unsatis
factory. The greatest loss was on the
steer cattle that sold higher than sll
and most of the female butcher cattle
suffered a loss of 25@50c. > 'aimer cows
and bulls were the only thing on the
list that held steady. The feeder trade
was more or less a disappointment to
the selling side and final sales of the
week were mostly 500 lower.
SHEEP,
There was a normal Saturday run of
300 sheep, and despite the fact that there
was only one buyer In the field, there
was a continuation of steady prices. The
best lambs again sold at the record price
of S2O and up to $lO, which is 50c
higher than a week ago.
CATTLE.
—Steers —
Prime cornfed steers, 1,300
lbs. and up $17.00(3118.50
Good to choice steers, 1,300
lbs. and up - 16.0W317.00
Common to medium steers,
1,300 lbs. and up D4.50@15.30
Good to choice steers, 1,100
to 1,200 lbs... 13.50@15.00
Common to medium steers,
1,100 to 1,200 lbs 12.00(313.00
Good to choice steers, 900 to
1.000 lbs 11.00@12.00
Common to medium steers,
900 to 1,000 lbs 9.00@11.00
Good to choice yearlings .... 13.00@15.00
—Heifers and Cows—
! Good to choice heifers 11.00@14.00
Fair to medium heifers 9.00@11.00
Common light heifers 7.00:3 8.00
Good to choice cows 10.00@12.50
Fair to medium cows B.oo@ 9.00
Canners anand
—Bulls and Calves -
Good to primsr export bulls.. 9.50@11.0J)
Good to choice butcher bulls 9.00((jil0.<10
Bologna bulls 7.00@ 8.00
Common to best veal calves.. 13.00@22.00
; Common to best heavy calves 6.00@12.00
—Stockers and Feeders Cattle —
j Goob 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
i 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® 7.50
Fair to best milkers 75.00@150.00
Stock calves, 250 to 450 lbs.. 7.00@10.00
HOGS.
Good to best heavies, 250 IDs.
average up 15.50@ 15.60
Good. 200 to 225 lbs aver
age 15.50@15.75
Medium and mlxee, 150 Ihs.
and upward 15.50@15.66
Good to choice hogs, 160 to
200 lbs 15.50@ 13.75
Common to good l:gV*t. down
to 140 lbs 15.25@15.50
Roughs and packers 1200@13.85
Bulk of good sows 13.50(3; 14.75
Best pigs, under 140 1b5.... 1,500(31.550
Light pigs 14.50 down
Bulk of good hogs 15 50
SHEEP AND LAMBS.
Good to choice sheep 9.00@10.00
Ccoramon to medium sheep .. 5.00® 8.00
Good to choice yearlings ... 10.00@11.00
Good to choice lambs 18.00@20.(>0
Common to medium lambs ... 12.00(817.00
Bucks, per 100 lbs 6.50® 7.50
Other Live Stock
CLEVELAND, Jan. 16.—Hoga—Re
ceipts, 4,000; market steady; yorkers,
$15,75; mixed, $15.65; medium, ’ $15.65;
pigs, $15.75; roughs, $13.25; stags, $lO.
Cattle—Receipts, 300; market strong.
Sheep and lambs —Receipts, 2,000; market
steady; top, S2O. Calves—Receipts, 300;
market, 50c higher; top, $22.50.
PITTSBURG, Jan. 16.—Cattle—Re
ceipts, light; market, steady; choice, sls
@l6; good, $13.50@14; fair, $10.50@11.50; j
veal calves, *2l @21.50. Sheep and lambs
—Receipts, light; market, strong; prime
wethers, $12.25@13; good, sll @l2; fair
mixed, $8@10; spring lambs, $12@20.
•Hogs—Receipts, 28 double decks: market,
steady; prime heavy hogs, $15@15.50;
mediums. $15@15.10; heavy yorkers, sls@
15.10: light yorkers, $15.50@15.75; pigs,
615.50@15.75; roughs, $12@13.75; stags,
$9.50@10.50.
CHICAGO, Jan. 16.—Hogs—Receipts.
44,000; market, 10@15c lower; bulk,
$13.75@14.35; butchers, $14.90@15.25;
packers, $14.25@15.35; lights, $14.50@
15.40; pigs, $13.50@14.50; roughs, $13.75@
14.85. Cattle—Receipts, 8,500; market,
25c higher; better, $9@19.50; butchers,
$6.75@14.50; canners and cutters, $5.50®
7.50; atockers and feeders, $7.25(812.50;
cows, $6.75@13.25; calves, $16@18.50.
Sheep—Receipts, 8,000; market steady to
strong: lambs, $13.75@19.75; ewes,
$5:50@9.
EAST BUFFALO, Jan. 16.—Cattle—Re
celtps, 350; market, slow, steady; prime
steers, $16@16.50; butcher grades, slo@
15; cows, $3.75@10. Calves —Receipts, 000;
market, active, higher; culls to choice,
$6@24.50. Sheep and lambs—Receipts,
4.000; market, active; lambs 50c higher;
sheep, steady; choice lambs, $20.50@21;
culls to fair, $14@20; yearlings, sls@lß.
Sheep, $6@13.50. Hogs—Receipts, 6.400;
market, active, 10@25c higher; heavies,
slow; Yorkers. $16.25@16.25; pigs $16.25:
mixed, $16.25@ 16.35; heavies, $16@16.1Q;
roughs, $12@13.75; stags, $11@11.50.
EAST ST. LOUIS, 111.. Jan. 101—Cat
tle —Receipts, 2,300; market steady; na
tive beef steers, $15.60@16.76; yearling
beef steers and heifers, $10@12; cows,
$10.50@11.50; stockers and feeders, slo@
11.50; calves, $16.75(318.50 • canners and
cutters, $5.50(80.75. Hogs—Receipts, 2,000;
market steady to lower; mixed and
hutchers, 515@15.40; good heavies, $15.25
@15.35; rough heavies, $12.50@14; light,
$15.25® 15.40; pigs. $11.75@15r bulk of
sales, $15.20® 15.35. Sheep-—Receipts,
1,50: market steady; ewes. $10@11.50;
lambs. 518.50@19.50; canners and cutters,
$5.50@9.50.
LOCAL HIDE MARKET.
Green Hide®—No. 1,25 c; No. 2. 24c.
Grwn Calveo—No. L 56c; No. £, 53 %c.
Horeebldes —No. 1, $01.50; No. 2, SIOJW.
Cured Hides—No. 1. 30c; No. 2,29 c.
INDIANA DAILY TIMES, SATURDAY, JANUARY 17, 1920.
CORN GOES UP;
OATS DROP OFF
Corn Opened Lower, but Late
Rally Brings Rise.
CHICAGO, Jan. 17, —Heavy receipts
caused a slight drop in grain futures
at the opening on the Chicago Board of
Trade today.
The market strengthened during the
morning, however, and closing quota
tions on corn were practically the same
as yesterday’s. Provisions were slightly
lower.
January corn opened at $1.36%c, off %c,
and closed up lc.
May corn opened down %c, at $1.32%,
but gained %e at the close.
July corn was off %c at the opening
of $1.30% and closed %c higher.
May oats opened at 81%c, down %c,
and later lost another %c.
July oats wns off %c at the opening
of 75%c and dropped an additional %c
at the close.
CHICAGO GRAIN.
■—Jan. 16 —
CORN—Open. High. Low. Close.
Jan. 1.38% 1.38% 1.36% 1.37%
May. 1.33% 1.33% 1.31% 1.32% * %
1.32%
July 1.31% 1.32% 1.30% 1.31% * %
1.31% 1.30%
OATS—
May. 82% 82% 81% 81% • ft
81%
July 70 76% 75 75% * %
75%
PORK—
Jan. 38.75 38.87 $8.75 38.50 t .30
May. 39.05 30.87 39.05 39.17 t .28
LARD—
Jan. 24.10 24.10 23.97 23.97 * .18
May. 24.80 24.90 24.75 24-75 • .20
July 25.20 25.20 25.12 25.12 • .08
RIBS—
Jan. 19.90 19.90 19.87 19.87 • .03
May. 20.70 20.70 20.60 20.60 * .15
20.65
July 21.05 21.05 20.85 20.85
■(lncrease. ‘Decrease over yesterday's
close.
CHICAGO CASH.
CHICAGO. Jan 16. Corn—No„ 3
mixed, $1.40<g1.42%; No. 2 yellow, $1.50;
No. 3 yellow, $1.46@1.47; No. 4 yellow.
$1.40<g1.42; No. 3 white, $1.43%@1.46%;
No. 4 white. $1.41@1.44. Oats~No. 2
white, 85%(%57c; No. 3 white, 85%@86%c;
No. 4 white, 86c,
TOLEDO CLOSE.
TOLEDO, Jan. 16. —Corn—No. 3 yellow,
$1.50. Oats-No. 2 white, 89®90c. Rye-
No. 2, $1.78. Barley—No. 2, $155. Clover
seed—Cash and January, $34.35; Feb
ruary, $31.20; March, $34.10; April, $33.95.
Alslke March, $34.50. Timothy—Cash
(1917 and 1918), $6.45; cash (1919) and
January, $6.55; March and April, $6.70;
May, 80.66. Butter —Brick creamery, 68c.
Eggs—Selects, strictly fresh, 77c; fresh
candled, 72c. Hay—No. 1 timothy, $36;
No. 2 timothy, $35.
PRIMARY MARKET.
■>, —Jan. 16
(Thomson A McKinnon.)
Receipts—
Wheat. Corn. Oats.
Chicago ... 61,000 395.000 287,000
.Milwaukee .. 23,000 36,(MX) 63,000
! Minneapolis.. 310,000 30,090 51.000
! Duluth 3,000
St. I.ouiSN.. 47.000 120,000 132,000
Toledo 7,000 13,000 10,000
Detroft 1,000 7.000 6.000
Kansas City. 243,000 35.000 24.000
Peoria 143,000 03.000
Omaha ...... 83,000 91,000 00.00: t
Indianapolis.. 3,000 89,000 30,000
Totals 781,000 945,000 683 000
Year ago... 964,000 1,390,000 928,000
—Shipments—
Wheat. Corn (Hits.
Chicago 106,000 150,000 360,000
.Milwaukee... 13, ono 14.000 17,000
.Minneapolis.. 116,000 40,000 107,000
Duluth 33.000- 12,000
i St. Louis 43,000 46,000 66,000
: Toledo 17,000 5,000 7,000
; Detroit * 11,000
Kansas City. 162,000 21,000 29,000
Peoria 4,000 216,000 43,090
Omaha 38,000 39,000 58,000
Indianapolis.. 9,000 27,00% 6,000
Totals 601,00*9 569,000 707,000
Year ago... 306,000 595,000 656,000
—Clearances—
Dom. W. Corn. Oats
Boston 96,00*9
Philadelphia.. 38,000
Totals 134,000
Year ago... 110,(MX) 327,000
INDIANAPOLIS CASH GRAIN.
—Jan. 16-
Corn—Easier; No. 8 whit®, f 1.521%; No.
0 white, $1.46: No. 3 yellow, $1.51%;
No. 5 yellow, $1.46%.
Oats—Strong; No. 2 white, 88%c; Ne.
3 white, 88%@88%e.
Hay—Firm; No. 1 timothy, $30.50@31;
NV- 2 timothy. $29.5(.’@30; light clover
niO'Cd, $29.50<gJ30; No. 1 clover mixed,
f29@29.50.
—lnspections
Corn—No. 2 white, 1 car; No. 3 white,
8 cars; No. 4 white, 19 cars; No. 6 white,
1 car; No. 3 yellow, 1 car; No. 4 yellow,
5 cars; No. 5 yellow, 6 cars; No. 4 mixed,
1 car; No. 5 mixed, l car; ear, 1 car;
tofal, 44 cars.
Oats—No. 1 white, 4 cars; No. 2 white,
17 cars; No. 3 white, 2 cars; No. 4
white, 1 car; No. 2 mixed, 3 cars; total,
27 cars.
Rye—No. 2,3 cars.
Hay.—No. 1 timothy, 1 car; standard
timothy. 2 cars; No. 2 timothy, 1 car;
No. 3 timothy, 1 car; No. 1 light clover
mixed, 1 ear; total, 7 cars.
Straw—No. 1 wheat, 1 car
WAGON MARKET
The following are the Indianapolis
prices of hay and grain by the wagon
loud:
Hay—Loose timothy, $31@32 a ton;
mixed, $30@33; clover, $30@33.
Corn —$1.5Q@1.60 bushel.
Oats —87@90c bushel.
Straw—Wheat, sß@9 ton; oats, $14@15.
WAGON WHEAT PRICES.
Indianapolis elevators and mills are
paying $2.55 for No. 1 white, $2.52 for
No. 2 and $2.49 for No. 3. All other
grades according to quality.
NEW YORK LIBERTY BONDS.
NEW YORK, Jan. 16.—Liberty Bond
quotations: First 3%5, 98.60; first 4s,
92; second 4s, 90.86; first 4%5, 92.90; sec
ond 4%5, 91.28; third 4%5, 93.40; fourth
4%a, 91.38; Victory 3%, 98.50; Victory
4%5, 98.48.
NEW YORK METALS.
NEW YORK, Jan. 16.—CopneT quiet;
spot and January offered at 19%c; Feb
ruary, 19%c; March, 19%c. Lead firm;
spot, January and February, B%c bid.
Spelter quiet; spot, January, February,
March and April, $9.29(5 9.30.
Fight Grape Mealbug
in Month of January
WASHINGTON, Jau. K.—January has
been found to be the best month for at
tack against the grape mealybuy, says
the bureau of entomology, United States
department of agriculture today. Fumi
gation with cyanid of soda and with
sulphur fumes has been satisfactory in
the dormant season at night, but sul
phur is considered the better. Spraying
has proved less effective than fumigation.
A campaign among grape growers has
been begun to secure their co-operation
in restricting the spread of the pest on
picking boxes and in other ways.
Arsenate of Lime
for Paris Green
WASHINGTON, Jan. I-..—Additional
experience confirms tbe conclusion, re
ported last year says the bureau of en
tomology of the United States depart
ment of agriculture today, that arsenate
of lime may be used in all situations
as a. substitute for Paris green, and
that for pomaeeous fruits—apples, pears,
and quinces—it may prove a satisfactory
substitute for arsenate of liad when
nsed with lime or fungicides containing
lime. A less eac pensive substitute for
nicotine sulphate also is being sought.
On Commission Row
Brnssell sprouts from California were
received yesterday. Dealets priced them
at 25c a dozen.
Shipment of. Michigan celery was an
arrival yesterday. Dealers quoted it at $3
per box of two to three dozen.
Lemons were advanced 25c a box to
day. Receipts are falling off, dealers
; say. Now priced at $3.75 to $4.25.
Home-grown button radishes and the
southern button variety w*ere received
yesterday. Home-grown selling at 40c
dozen bunches and the southern at sl.
Indiana Jersey sweet potatoes were
P- jt.tw.uaj auu puce dropped
25c bushel. Now selling at $3. Nancy
Halls are quoted at $2.50 hamper, un
changed.
TODAY’S PRICES.
Apples—ln barrels: Extra fancy Red
Jonathans, sl2; extra fancy Grimes
Golden, $11; Baldwins, $8.50; Greenings,
s2;_ Hubbardson, s9@ll; Jonathans. S9(B
10.50; ; Rome Beauties,
Kings, $9; Wine Saps, $10; Maine North
ern, $10; Wealthy, $8; York Imperials,
$9; Klunaird Favorites. $8; Grimes
Golden, No. 1 grade, $9. In boxes: Romo
Beauties, 80s to 150s, $3.50; Grimes Gol
den, 96s to 1755, $3.50; Delicious, 80s to
150s, $4.5C; Winter Bananas, 80s to 150s,
$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, per lb,
B%c; pinto, 8c; liinas. 15%c; blackeyed,
Bc.
Beets—6s pound bags, $1.75.
Cabbage—Cwt., $6.50; red, lb. 10c; Ro
malue, $1 hamper. i
Carrots—Basket,' 40 lbs. $1.50.
Cauliflower—Fancy, crate. 12s to 14s,
$1.75.
Celery—California, crate, 7 to 10 doz,
$8.50; Jumbo, crt., $1.50.
Cider—Gallon, 70c.
C'ocoanuts—Per 100, $12.50; doz, $1.75.
Cranberries—32-lb box, $3.25<g3.50; bbl,
$9.50; Centennial, bbl, $10.50.
Cucumber —Hothouse, Davis, doz, $3.50;
Florida, 6 doz box, $7.
Dromedary Dates—Three dozen pkgs,
$6.75.
Figs--New, in boxes, 50 pkgs. 6-oz, 55c;
24 pkgs, 8-oz $3.25; 12 pkgs, 10-oz, $2.25;
10-fb layer. $3.25; Smyrna, box 11 lbs.
$4.20; Spanish, box, 2 lbs, $5.50.
Garlic —I’-'ijud, 45c.
Grapefroli Extra fancy Florldas, $4.50
®4.75; fancy Florldas. $4.
Grapes—Fancy luiporred Alinerieas in
kegs, 40 pounds, net, sl4. Emperors.
keg, $9.
Honey--Corn*, new, cases of 24 capa.
$7.75; extracted, 60-lb iins. 22c; South
American, dark extracte*. 16c lb.
Lemons—Californlaa, standard boi.
$3.75(84.25.
lettuce—Leaf, pound, 24c; Iceberg,
crate, 4 (!• >z., $5.
Mangoes—Florldas, 2 doz, basket, 50c.
Oranges California navel, box. $4.50®
6.50; Smikist. $5.50@6.25; Florida. $5.
Nuts—Filberts, lb, 20(g,32c; English
walnuts, 37@40c; chestnuts. 35c; pecans,
30c, 50c, 70c ; Brazils, 28c;'almonds, 33®
36c; shellbnrk hickory, lft’.
Onions—Red ana miiow. cwt. $6;
western. $6.50; Spanish imported, basket,
$3 25; green, doz bunches, shallots, 80c;
Popcorn Pound, 9c. *
Oysterplont--doz, 75c.
Pears—Claragas, box 40 lbs, $5.50;
Neills, box 40 lbs, $4.50.
Popcorn—Lb. 10c.
Potatoes—Bakers fancy, owl, 5.20;
northern white, $4.80(84.90.
Rutabagas—Cwt, $1.75; .">0 lbs. st.
Sage—Fancy, doz, 50c.
Sweet Potatoes Indiana Jersey, bu, $3.
Nancy Hall, banket, 40 ibs. $2.50.
Tomatoes Basket, 6 lbs, $1.50.
Turnips- Bu, $2.75.
Housewives* Market
t
The following price* ore the general
prices charged at the city market of
lained by striking an average of the
prices charged at various stands:
Apples, choice, per in $ .o'@lo
Asparagus, bunch 15<ffl20
Bananas, dozen 20@30
Beans, stricgiesß, lb .30
Beans, navy, lb .11
Beans, lima 11) .18
Beans. Colo, plntos, 11) .10
Beets lb .10
Brussels sprouts, box .25
Carrots 2 lbs .15
Cabbage, Tb .10
i.’aullliower 25@35
Gelery, bunch .10® 15
Cranberries, lb .10
Cucumbers, hothouse, each .... .30@33
Eggplant, each \ .25
Grapes, imported, lb .50
Head lettuce, each 20@30
Grapefruit, each
Lemons, per doz 25@30
Lettuce, leaf, per lb .25
Onions, lb 06@10
Onions, Bermudas, each 10@15
Onions, green, bunch .10
Parsley, per bunch .05
Parsnips. 2 lba .15
Peas, shell, green, lb .25
Pineapples, eac) ~, JXI@4O
Potatoes, peck .65
Pears, Anlau, ib .20
Peppers, green, each 05
Potatoes, 4 lbs .25
Radishes, %-lb .10
Rice, lb - .18
Rutabagas, each -10@15
Spinach lb .25
Strawberries qt box 1.25
Sweet potatoes, lb 06%@10
Turnips, lb .10
Parsnips, lb .10
MEATS.
Latnb chops, lb .$ .40@45
Leg of lamb, per lb 35@40
Boiled ham, per lb .75
Smoked ham, per lb 40@.30
Round steak, per lb .35
Fresh beef tongue .50
Smoked beef tongue .40@45
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
Boiling beef ,18@20
Bacon 4(>@6o
Loin steak .30
Hams, wbol e .30
Lard, lb ,33@35
Lamb stew 15@25
Sparerlbs, lb .25
Shoulders, fresh beef .30
Shoulders, fresh pork .27
Beef liver * .15
Veal chops ,35<@40
Veal steak .50
Calf'liver .80@35
PRODUCE.
Hens, full dressed, lb .48
Frys, dressed, lb .55
Ducks, dressed, lb .55 I
Geese, full dressed, lb ....... .55
Rabbits, dressed, eac-n 45@50
Eggs, fresh selects, doz .75
Eggs, storage, doz .58
Better, creamery, lb 68@72
RETAIL COAL PRICES.
Prices ou coal delivered at euro. Extra
charge lor service when additional labor
Is required:
Indiana Linton, No. 4. lump $ 6.75 i
Indiana, No. 5. lump 6.75
Indiana egg and nut 0.75
Indiana mine run (uip
Indiana nut and slack 5.50
Brazil block) 8.00
West Virginia splint lump 8.50
Kentucky eastern lump 8.50 j
Pocahontas shoveled lump 10.00 i
Pocahontas mine run 8-50 j
Pocahontas nut and slack 8.00 j
By-product coke, all sizes 11.25
Anthracite, all sizes 13.00 1
Blosaburg, Smithing 10.00
West Virginia Cannel lump. 11.00
Illinois lump, Harrisburg 7.50
Hocking Vailev lump 8.50
Coal and coke at yard, soc* per ton less.
Kindling with coal, 15c a bundle; sep
arate delivery, 10 bundles, $2.
Charcoal, 20 lbs to bushel, wagon lots,
45c bushel; small lots. 50c bushel.
Extra Service Charges—
-75c per ton dumped and wheeled extra
jaan.
$1 per ton wheeled from wagon by
driver.
*1.25 bags per ton ground floor.
11.50 bags per ton carried into cellar.
CLEVELAND PRODUCE.
CLEVELAND, Jan. 16.—Produce—But
ter, crehmery, in tubs, extra, 65((265i4c;
extra firsts, 64@64i4c; firsts, 63@63i4c;
prints'’, lc higher; seconds, OOfgfilc; pack
ing, 47c.
Eggs—Northern extras, 73c; extra
firsts, 72e; northern firsts, new cases,
■Tic; old cases. 70c; southern and west
ern firsts, new cases, 70c; refrigeraUr
extras, 65c.
Poultry—Lire, fowls, 27@28c; heavy
; grades, 32@34c; roosters, old, 21c:
I springers, 28@29c; heavy grades, 80@31c;
'ducks, 3e@3Bc; geese, 26(g33c; turkeys,
40c.
FROM DEBTOR
TO CREDITOR
John Moody Cites Status of
U. S. Changed by War.
NEW Y'ORK, Jan. I'.—John Moody,
founder of Moody’s Investor Service and
a student and authority of international
repute on financial matters, in his annual
Review and Forecast Issued today says
that Inflation may be interrupted this
year, but no sharp depression In business
will result. European demand for Amer
ican made goods and the overwhelming
balance of trade In favor of the United
States will prevent any pronounced busi
ness slump. The Review says:
"When the future historian of America
writes the.history of the world war and
its aftermath, he will characterize the
year 1919 as being remarkable for the
recklessness, wastefulness and extrava
gance of the people.
“In order to clearly view the present
and future, we must fully realize the
changed position of the United Stag's as
related to the rest of the civilized w .-rid.
When the war opened in 1914 we
were a debtor nation; European Investors
alone held in the shape of American
securities something like ten billions of
dollars of our national wealth. In other
forms, such a3 real estate, private enter
prises. eta., w’e know' not how many
billions more.
“We were then paying tribute to Europe
in interest, dividends, profits and ap
preciation of property values, at least a
billion a year, and possibly a great deal
more. We had no merchant marine of
our own, aud while our foreign trade
had been growing It was really a minor
item, and we paid to Europe In freigut
rates, both on exports and Imports, large
aihounts of money. The balance of trade
was growing more and more in our favor,
it is true, as compared with earlier years,
but relative to that of England and Ger
many International trade with us was
but a minor factor.
PRIOR TO 191* MONEY
DEPENDENT ON El ROPE.
“Asa debtor nation we were dependent
very directly, prior to 1914, on the back
ing situation nbroad. While New Y’ork
had grown to tie a great banking center,
yet money market conditions here were
always closely dependent on conditions
In London. When the London money
market w*s disturbed, that of New York
was disturbed: when the Bank of Eng
land raised its discount rate, this act
was always reflected in New York. For
while the United States had grown
fabulously in wealth (luring the prior
generation, we still looked to Europe foT
the financing of our greatest enterprises.
“Even as late as 1912 and 1913 it was
necessary for some of our grentest rall
rnrrl companies to seek large amounts of
new capital in the London and I’aris
markets, and many important underwrit
ings were shared in by bankers and capi
talists In continental financial centers
like Berlin, Frankfort and Amsterdam.
“In domestic matters, the situation was
also very different from that of today.
Not until late In 1914 did the new federal
reserve banking aystem begin operations,
and we were stilt carrying on the busl
ness of the country under the antiquated
methods of the old system*The old bank
ing system hid carried us through panics
and catastrophes, but at frightful cost.
It certainly never could have carried us
successfully through a great war.
"The financial problems of the govern
meat at that time were simple. Our tn.
tal interest bearing debt on June 30,
1914, was but $3.7,953310, with annual
Interest charges of $22,881,497. Govern
ment Jncome was well in excess of ex
penditures. The greater part of the rev
enue came from impost taxes, for the new
Income tax law had just been enacted
ancf the revenue to be produced from It
was not expected to exceed $100,000,000
per annum.
“In 1919 we had become the one great
creditor nation of the world. Our debt
to Europe has been completely cancelled
and Europe’s debt to us had mounted co
a larger total than our old debt to her
Our former annual tribute in the form
of Interest, dividends and profits had
been reversed and Europe was making an
annual tribute to us of far greater
amount. Our government had directly
loaned to the allied nations of Europe
approximately ten Idlliona of dol
lars besides which our own American
cnjMtalists and investors had purchased
European obligations running into the
billions. New York bad become the
banking center of the world, while Lon
don and Paris, in more senses than one,
had become its satellites.
"Changes in the London money market,
which, before 1914, bad been so vjtui
to us. meant little to us H while any
changes in the New York money market
had far-reaching effects both at London
and Paris. Whereas, years ago, It was
the problem of our foreign exchange
bankers and financiers to keep the dollar
up to par with sterling francs, it had
now become the concern of ail to prevent
too great a depreciation In sterling and
francs.
"In the meanwhile our own’government
Interest-paying debt which had ranged
below one billion dollars In 1914, had
risen to over $25,000,000,000 on June 30.
1919, while the annual interest charges
rose to about $1,028,000,000. Our Interest
charges in 1919 were larger than the en
tire government debt In 1914.
“But relative to the government debts
of other great nations of the world, our
total burden was small. England, France,
Italy, Germany, Austria, Belgium. Rus
sia and the rest bad run their debts up
to fabulous totals during the war and
after; and It will be found that at the
dose of 1919, if we offset the United
States debt with>fhe amounts advanced
to the allies amounts already
repurchased by the treasury, our own net
debt is relatively but a moderate burden.
“In 1919 our federal reserve system had
bgen functioning successfully for five
years, and was the biggest single factor
in the bringing of the war to a suc
cessful conclusion and maintaining sta
bility in the co-untry's business and
finance^.
‘‘The most striking contrast, however,
between 1914 and 1919 was the great
fall In the purchasing power of the
dollar. Exact statistics are unnecessary,
but approximately the buying power of
the has fallen 50 per cent. To
day it costs an individual about twice
what it did In 1914 to live on the same
scale as 1914, disregarding war and other
taxes. And furthermore, it costs a busi
ness man approximately twice Wha* it
did in 1914 to make equivalent profits,
la other words, to retain the old pur%
chasing power In his profits, he must
today do twice the normal volume of bus
iness and pay twice his former expenses.
All business, and all human activities
are operating on anew and enlarged
basis of values.
"An increase during 1920 of European
imports into this country, affecting, as
it naturally will, the American price
level, will have a favorable effect on the
foreign exchanges. Sterling, francs and
marks may not recover materially until
the year Is well along; but a year from
now should be much higher than today.
In the meanwhile our own country will
be going through a period of subsiding
speculation; labor disputes will be less 1
frequent because of a growing labor
surplus; efficiency will be increased and
the tendency toward economy will spread
im prospects.of lower prices become evi
dent. •
"This sort of process In industry Is
similar to that which transpires in a
panic, except that the results are ob
tained suddenly in a panic, whereas they
develop slowly under a peaceful tendency.
If It were not for the peculiar European
situation we might reasonably expect a
panic within a year as an outcome of our
orgy of wastefulness and extravagance;
for if the present upward swing of com
modity prices in this couutry were con
tinued uninterrupedly lor another year, a
catastrophe would be the Inevitable out
come.
"As it is, however, there is every chance
of this inflation being interrupted in 1920.
A relative business depression, but not
a keen one, may develop before the year
Is out. But even that may be short, in
view of the necessary reconstruction
work which must be done In the world
during the next few yeare.”
CHICAGO PRODUCE. .
CHICAGO, Jan. 16;—Butter—Creamery
extras, firsts, 59c;
firsts. 55@60c: Seconds, 51 @.54c. Eggs—
Ordinaries, 50@o8e; firsts, 61c. Cheese —
Twins, 30%@3ic; Young Americas, 31@
32c. Live poultry—Fowls, 30c; ducks,
34c; geese, 27c: spring chickens, 27c;
turkeys, 40c. Potatoes—Receipts, 16 cars;
Wisconsin and Minnesota, $4@4.50i
Wholesale Meats
Smoked meats shown call for discount
of %e lb for order of 150 of one item;
250 lbs and over discount of %c lb,
/ PORK.
HAMS—
Regular, 14 to 16 lbs .31
Skinned, 12 to 14 lbs .33
Fancy boiled .47%
BACON—
Fancy breakfast, 5 to 7 lbs.. .47
Sugar cured, 14 to 16 1b5.... .31
Sugar cured squares .28%
Fancy sliced, 1-lb cartons.... .53
PICNICS—
Sugar cured, 5 to 7 lbs .25
SALT MEAT—
Dry salt Jowl butts .19%
LARD—
Refined, tierce basis .27
Open kettle, tierce basis .28
FRESH PORK—
Spare ribs .22
Shoulder bones .09
Tenderloins ", .57
Dressed hogs .22
Light loins, 7 to 9 lbs .28%
Extra light loins, 4 to 6 lbs.. . .30%
Fresh boneless butts .31
Boston butts .26
Skinned shoulders .23
SAUSAGE—
Breakfast, In 1-lb cartons.... .30
Standard, fresh, bulk .18%
Frankfurts, hog casings .19%
FRESH BEEF.
The following prices are on first qual
ity No. 1 government inspected meats
only:
Medium steers, 400 to 500 lbs .17
No. 2 heifers .15%
Native cows 19@.24
Medium cows .13
LOINS—
No. 3 .20
RIBS—
No. 2 .39
No. 3 .21
ROUNDS—
No. .20
No. 2 .22
CHUCKS—
No 3 .14
PLATES—
No. 3 .12
VEAL.
CARCASSES—
No. 1 quality 24®.26
No. 2 quality 14%@.18%
WHEAT MAY GO
STILL HIGHER
Government Experts Look for
Another Advance in May.
WASHINGTON, Jan. lA—Wheat, now
selling in some places at 80 cents to
$1 above the government’s guaranteed
price of $2.20, may soar still higher in
May. when the guarantee Is to be re
moved, in the view of some government
experts here today. But others say the
price will go down.
Higher priced wheat may bring 15-
cent bread. The 1920 crop is going to be
much smaller than the 1919 crop if the
acreage of the winter crop is an accu
rate indication. Farmers, planting win
ter wheat last fall, put in 37,770,000
acres, offi'iel reports show.
This wheat will be harvested in June,
becoming part of what is known as the
1920 crop. The previous winter wheat
acreage, planted in the fall of 1918 and
harvested last year, was 50,(6)0,000 acres.
REDUCED ACREAGE
MAY MEAN NEW TRICE.
It is this reduction In acreage that
leads some experts to believe the present
high prices will he left behind.
The other experts, however, recall that
an acreage of 37,000,000 is known as a
"normal crop.” The rejoinder is that the
"normal crop” now will be insufficient
in the face of the world demand.
Farmers are not encouraged to put In
a big crop again this year, ft is ex
plained. because that means they must
use land available for other crops for
which prices are also higher.
CAR SUPPLY AN
IMPORTANT FACTOR.
There are three other Important fac
tors in the situation. One is wheat ex
portation, which may drop off nnd leave
enough grain at home to satisfy the
demand.
Another factor is tbe cur supply,
plenty of cars means quick marketing
and hence lower prices, officials ex
plained.
The third factor is foreign exchange.
Inspectors Watch
for ‘Plugged* Cars
WASHINGTON, Jan. I.—Heavy load
ing of grain, due to shortage of cars,
offers a temptation te the unscrupulous
shipper to "plug” his load by placing
Inferior grain on the bottom of the load
to escape detection, according to reports
received by the bureau of markets,
United States department of agriculture.
When the car is heavily loaded it ts
sometimes difficult for grain inspectors
to reach the bottom of the car with the
ordinary grain trier.
Federal grain supervision offices report
a few recent discoveries of this practice.
In one case a car of corn, which the
inspector liad graded No. 2 mixed, was
found to have about one and s>nt-half
feet of musty, heat-damaged corn on the
bottom of the car. The supervision grade
was No. 6 mixed on account of musty
odor, 2.2 per cent heat-damaged, and 11
per cent total damaged.
In another Instance about one , and
one-half feet of very smutty wheat was
found on the bottom of a car which
otherwise graded No. 1 free from smut.
While this practice Is by no means
common, Inspectors have been warned to
be careful to get representative samples,
and to be especially particular when
sampling heavily loaded cars.
Weather in Other Cities j
Station. Bar. Temp. Weath.
Atlanta, Ga 29.90 44 PtCldy
Amarillo, Tex 30.10 40 Clear
Bismarck. N. D.... 30.48 —lO Clear
Boston, Mass 29.42 32 Snow
Chicago, 111 30.00 10 PtCldy
'Cincinnati, 0 29.96 20 Snow
Cleveland, 0 29.80 8 Snow
Denver, Colo 30.02 50 Clear
Dodge City, Kas.. 30.20 30 dear
Jacksonville, Fla.. 29.92 54 PtCldy
Kansas City, M 0... 50.22 24 Cloudy
Louisville, Ky 30.04 24 Cloudy
Little Rock, Ark. ~ 30.06 42 Clear
Los Angeles, Cal.. 30.12 62 Clear
Mobile, Ala 30.06 52 Clear
New Orleans, La... 'O.IO 52 Cloudy
New York. N. Y... 29.50 20 Snow
Norfolk, Va 29.64 34 Cloudy
Oklahoma City 30.21 • 38 Clear
Omaha, Neb 30.30 14 Clear
Philadelphia, Pa.. 29.58 20 Cloudy
Pittsburg, Pa 29.76 16 Snow’
Portland, Ore 30.32 52 Rain
Rapid City, S. D.. 30.28 20 Cloudy
Roseburg, Ore 30.40 40 Cloudy
San Antonio, Tex.. 30.14 48 Clear
San Francisco, Cal 30.22 54 Clear
St. Louis, Mo 30.10 22 PtCldv
St. Paul, Minn 30.16 —2 Clear'
Tampa, Fla 29.96 64 Rain
Washington. D. C. 29.64 18 Cloudy
Observation taken at 7 a. m., Jan. 17,
1919, by United States weather bureaus.
WEATHER CONDITIONS, 7 A. M.
The storm over the Mississippi valley
Friday morning has continued Its rapid
movement and is now centered on the
North Atlantic coast. It has caused ex
tensive precipitation over the eastern
half of the country during it* passage.
Temperatures are higher In northeastern
states, but there has been a decided drop
to the rear of the disturbance over most
of' the country between the eastern and
western highlands, due to the advance of
the field of high pressure from the north
west. A faint and narrow depression
trough extends along the eastern slope of
the Rockies, due chiefly to high tempera
tures as a result of Chinook winds.
J. H. ARMINGTON.
v Meteorologist.
MISSIONARIES BLAMED.
TOKIO, governor general
of Seoul arc be
hind tlie disturbances. He
names 11 Puraed Scofield as
an arch-a particularly dan-
Corn Gains, While Oats Lose
on Board of Trade.
RECORD KILL
MADE IN 1919
Bureau of Animal Industry
Report Big Increase.
WASHINGTON, Jan. it— Ths federal
system of meat inspection, which is
conducted by the bureau of animal in
dustry of the United States department
o € agriculture, recorded its blggegt
twelve months in the last fiscal year, Ml
its report issued today.
The number of animals slaughtered
under federal inspection was 20.6 per
cent greater than In the preceding fiscal
year and 21.6 per cent greater than the
average for the last twelve years.
The total number of animals inspected
was 70,708,637.
The ante-mortem inspection resulted In
the condemnation of 2,588 live animals
on account of eighteen different diseases
and conditions.
40 DIFFERENT
DISEASEB DETECTED.
Post-mortem examination revealed
forty different diseases and conditions,
resulting In thq condemnation of 212,245
carcasses and 603,050 parts of carcasses.
The seven meat-inspection laboratories
which are a part or the service made
more than 60,000 analyses of products.
Analyses revealed 306 violations of rsg
ulations-
Emplyoes in the meat-inspection serv
ice number about 2,500, including vet
erinary inspectors, experts In sanitation,
laboratory inspectors, lay inspectors,
clerks and others.
The number of establishments at which
inspection was conducted last year was
895, located In 263 cities and towns.
There were certified for export 3,492,-
070.795 pounds of meat and meat prod
ucts.
CONDEMN LARGE
IMPORT SHIPMENTS.
The total amount of meat offered for
importation was 179,911,142 pounds, of
which, upon inspection, 842,100 pounds
were condemned or refused entry.
The inspection of meat for the military
end other departments of the government
amounted to 288,248,536 pounds, of which
nearly 10,‘400,000 pounds were rejected.
In connection with actual inspection of
meats and products, numerous investiga
tions were conducted to develop and im
prove tests of various kinds and to per
fect the system generally.
Briton Praises
Vikings* Spirit
BELFAST, Ireland, Jan. 17.—There has
just been launched from Messrs. Hnrland
& Wolff's new yard, the steamship Maine
for the Atlantic Transport Company, a
vessel of 6,500 tons. This vessel is
shortly to be followed by another ship
of a sipiilar type. But the chief interest
lies in the new yard from which the
launch took place. This yard covers an
area of eighty-three acres, and not so
long ago wa.4 a desert of waste land. It
Is now a shipyard capable of taking
ships up to 1,000 feet iu length, and us
might be expected from a firm with such
a reputation, It is replete with every
modern invention. The scheme comprises
six building berths with their ends
facing the open sea One of the special
features is the complete character of the
electric system. Messrs. Harland &
Wolff's yards now cover 22 Oacres and
employ more than 22,000 men.
Take Bullet Out
of Heart; Man Lives
OMAHA, Jan. 17. —A surgeon at St. Jo
seph’s hospital here took the heart out
of Steve Zakieh, an Austrian who hail
shot himself, removed the bullet from
: the heart, replaced the organ and sewed
lup the Incision. Zakich is now practi
cally out of danger.
The operation was performed when tbVj
buliet had been in Zukieb's heart nearly
thirty-six hours. The first doctors to
see the man after be had shot himself
thought he would die in a few minutes.
Need Prescription
to Purchase Lemons
HUNTINGTON, W. Va.. Jan. 17.--What
Is believed to be the first prescription
for lemons ever written was issued by a
local physician here on a recent Sunday.
Tbe Sunday closing laws here are rigid
and all fruit stores are closed tight. A
woman patient had to have the lemons,
so the physician wrote out the prescrip
tion for six which was filled by a drug
glßt.
“The Truth About
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“The Mid-Continent Field," “Drill
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Basis." “Consumption of Oil Great
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Petroleum.” “A Highly Technical
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Necessary.” "A Warning — Analyse
Before Investing.”
We will gladly send this
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CURRIER & COMPANY,/
610 Republic Bldg., Kansas City, Mo.
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