Indiana daily times. [volume], December 15, 1920, Last Home Edition, Page 12, Image 12

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

Image provided by: Indiana State Library

                
12
STOCK MARKET
TONE ACTIVE
Many Issues Up Fraction to 2
Points at Opening.
NEW TORK, Dec. 15.—The stock mar
ket continued its upward movement at
the opening today, active buying sending
many issues up from fractions to 2
points.
Steel common rose 14 to 79%. Mexican
Petroleum was steadily taken and after
yielding 1 point to 106. rose to 167%.
General Asphalt was active and rose
nearly 2 points to 37.
Baldwin, after yielding %, to BS%, rose
to
Baltimore A Ohio was influenced by
the declaration of the semi-annual divi
dend on the preferred stock and rose %,
to 83%.
Southern Pacific advanced fractionally
to 98%, while Reading was up 1%, to
63%.
Lehigh Valley was another strong ls
aue, gaining 1%, to 54%.
Pan-American Petroleum rose 1%, to
Price changea were mixed during the
forenoon.
The rallraod Issues developed a strong
tone.
Lehigh Valley was the most prominent,
advancing 2% to 56%.
Southern Pacific rose to above 99 and
Sv. Paul preferred 1 point to above 42.
The oil stocks were active. Mexican
Petroleum, after selling up to 168%.
dropped *0 166%
Pan-American Petroleum was up l
point to 79%. followed by a decline to
78%.
Sears-Roebuck also showed a better
tone, advancing 1 point to above 06.
Steel common fluctuated within narrow
limits, selling at 79% to 79%, all through
the early forenoon.
Vanadium Steel was influenced by de
velopments in connection with some of
the large holdings and rose nearly 3
points to 40.
TWENTY STOCKS AVERAGE.
NEW YORK, Dec. 15—Twenty Indus
trial stocks averaged 72.29, up 1.81 per
cDt. Twenty active rails averaged 73.63, ;
up 1.93 per cent.
CLEARING HOUSE STATEMENT.
NEW YORK. Dec. 15.—Exchanges,
$870,624.363; balances. $76,639,278; Fed
eral reserve bank credit balances, $68,-
978,763.
Money and Exchange
Indianapolis bank clearings today were
$2,937,000, against $2,952,000 a week ago.
NEW YORK, Dec. 15—Foreign ex
change opened steady today. Sterling. j
$3 46%; francs, .0587; lire, .0346; lire;
cables. .0-347: marks, .0135: Danish kro-;
nen, .1505; Canadian dollars, .8613, un- ,
changed.
NEW YORK CALL MONEY.
NEW YORK. Dec. 14—Money—Call i
money ruled 7 per cent; high, 7 per cent; :
low, 7 per cent. Time rates firm, 7%®7% i
per cent all. Time mercantile paper
steady. Sterling exchange was steady j
with business in bankers’ bills at $3.45% j
for demand.
NEW YORK METAL MARKET.
NEW YORK, Dec. 15.—Copper— Dull;
spot, December. January, February and
March offered 14%. Lead Dull: spot.
December and January offered 5. Sj>el
ter—Weak; spat offered S.MF; December.
5.00 c; January, February and March.
S.SDc.
.
Local Stock Exchange j I
—Dec. 15—
STOCKS.
Bid. Ask
Indiana Kail. A Light, com. 60
Indiana Rail. & Light, pfd. 84 ...
Indpls. & Northwest, pfd 75
Indpis, A Southeastern, pfd. ... 75
Indpls Street Railway...j
Terre llaute T. A L.. pfd ... ]
T. 11., I. A E. com 1% 0
T H I A E pfd 9
I'niou 1 rac, of ind.. corn 1
Union Trac. of Ind., Ist pfd. ... 14
Union Trac. of Ind., 2d pfd. 2
Advance Rumeiy Cos., com ... 1
Advance Kurnely Cos., pfd !
Amer. Central Life 235
Am. Creosoting Cos. pfd 90
Belt R. R. com GO 70
Beit R. R-. pfd 45
Century Bldg. Cos. pfd 94
Cities Service Cos com
Cities Service Cos pfd
Citizens Gas Cos 31 34
Dodge Man. Cos., pfd 91% ...
Home Brewing 55 ...
Ird. Hotel, c< m CO ...
Ind. H,tel. pfd 90
lad. National Life Ins. Cos.. 4% ...
Ind. Title Guaranty 59 t 69
Indiana Pipe Line f’o ...
Indpls. Abattoir, pfd 50
IndpU Gas 43
Indpr.-*. 'i Cos.. coin 5
Indpls. Tel. Cos. pfd .88
Mer. Pub. Util. Cos. pfd 33
Natl Motor- Car Cos 3 8
Public Savings Ins Cos 2% ...
llauh Fertiliser, pfd 40 ...
Standard Oil Cos. of lud
Sterling Fire lus Cos 8
Van Camp Hdvv pfd 93 ...
Van Catup Packing pfd . .v... 94 ...
Van Camp Prods Ist pfd ... 03
Van Camp Prods 2d pfd 93
Vaudalla Coal Cos., com 5
Vandali.l Coal Cos., pfd 10
Wabash Ry. Cos. pfd 18 ...
Wabash Ry. Cos. com 8% ...
BANKS AMI TRUST COMPANIES.
Aetna Trust Cos 103% ...
hankers Trust Cos 11S
City Trust Cos 83
Commercial National Bank. 65
Continental National lb.nt 112 125
Farmers Trust Cos 2uo
Fidelity Trust Cos 120 ...
Fletcher Am. Natl. Bank.... 250
1- leteher t*av. A Trust Cos l(.l
Indiana National Bank 265 ...
Indiana Trust Cos 192
I.ive Stock Exchange Bank
Merc. National Bank 280
National City Bank 112
People's State Bank 183 ...
Security Trust Cos 120
State Savings a Trust 92% ...
Union Trust Cos 340
Wash. Bank A Trust 150
BONDS.
Broad Ripple 5s 59
Indpls. St. Ry. 4s 59 65
Ind Coke A Gas Cos 84 ...
Indian Creek Ccal & Min. 6-s. 95
indpls., Col. A Sou. 5s 88 ...
IndpU. A Greenfield 5.s 95
ludpls. A Martinsville ss 60
Indpls. North 5s 4o 43%
indpls A North 5s 49 56
Indpls. a S. E 45
Indpls., SbeJb. A S. E. ss. 70
Indpls St Ry is 59 69
Indpls. Trac. A Term. 0s 68
Kokomo, Marlon A West. ss. 89 84
X. H., I. A E. 5s 46 ...
Union Trac. of Ind. 6s 52 53%
Citizens Gas 5s 73 78%
Ind. Hotel Cos. 2d Gs 90
Indpls. Gas 5s 71 79
Indpls L & H 5s 73 80
Indpls Water 3s 87% 91
Indpis Water 4%s 70% 73
Mer. H. A L. ref 5s S3 99
New Telephone Ist 6s 94 ...
New Telephone Long Dis. ss. 93% ...
Southern Ind. Power t>s 86
LIBERTY BONDS.
Liberty flnt 3%S 90.09 ii 0.40
Liberty aecenil is 85.00
Liberty first 4%s 85.92 80.22
Liberty second 4%s 85.24 85.50
Liberty third 4%s 87.80 88.06
Liberty fourth 4%a 85.76. 85.90
Victory 3%a 95.06 J
Victory 4%s 95.10 95.30
—Sales—
sl,ooo Union Traction 6s at 52%.
$2,000 Victory 4%s 90 14.
CHICAGO PRODUCE MARKET.
CHICAGO, liec. 15. —Butter —Creamery;
extras, 51c; creamery firsts, 43c; firsts,
36®-tk:; seconds, 33$J‘35*. Eggs—Unii
naries, 64&66c; firsts, 73@75c. Cheese —\
Twins, 10%c. Live Poultry—Fowls, 20®
22c; ducks, 2flo; geese. 24c; spring chick
ens, 23c; turkeys, .’die; roosters, 18c. Po
tatoes—Receipts. 0 cars; Wisconsin and
Minnesota. $1.25(^1.40.
WHOLESALE BEEF PRICES.
The following-are today's wholesale
market prices for beef cuts as sold by
the Indianapolis markets (quotations by
Swift A cv>.i:
Bibs—No. 2,35 c; No. .3.20 c. Loins—
No. 2,22 c; No. , 17c. Rounds—No. 3,
A • -'o. J, 17c. Chucks—No. 2,15 c; No.
N 12c, Plates —No. 2,14 c; No. 8,12 c.
Markets Missed
Owing to wire trouble this issue
does not contain the New York Curb
Market and other market features |
that are usually carried.
N. Y. Stock Prices
—Dec. 14— Prev.
High. Low. Close. Close.
Adv-Rum com.. 15% 13% 15% 15%
Ajnx Rubber... 26% 25% 26% 25
Allis- Chalmers 29% 29 29 % 29
Am Argicultural 56% 54% 55% 56
Am Beet Sugar 49% 47 49 50
Am Bosch Mag 58 54% 57% 67%
Am Car & Fdy .126% 122% 126 123%
Am Can 24% 23 24 % 22%
Am HAL com 7% 7% 7% S%
Am H A L pfd 43% 42% 43% 42%
Am Drug 7% 7% 7% 7%
Am Inter Corp. 38% 36 38% 36%
Am Linseed ... 53% 63% 53% 53
Am Locomotive. 82 79% 81% 80
Am Smelt A Rf 41% 39 41 40
Am Sugar Ref.. 87-s 84 87% 84%
Am Sum Tob Cos 70 68% 70 68%
Am Steel Fdy.. 31% 30% 31% 31
Am TA T 98 97% 97% 07%
Am Tobacco ...111% 110%, 111% 110%
Am Woolen ... 66 62% 05 62%
Am Zinc A Lead 6% 0% 0% 0%
Anacon Min Cos 38 35% 37% 37%
Atchison 81% 78% sl% 78%
At GA W 1....110% 103% 110 106%.
Baldwin Loco.. 89% 85% 59% 85%
B A O 33 30% 32% 31
Beth Steel pfd.. 54 51V. 54 .>l%
B R T 9% 9% 9%
Can Pac Rr....113 111% 113 111%
Central Leather 37 36 36% 36v$
Chand Motors.. 74% 72% 73% 73%
CA O 57% 55% 57% 55%
CMA St P.... 28 25% 27% 25%
CMA 8t P pfd 41 38% 41 38%
CAN ....71 68% 70% 60
C R I A P 25% 23% 25% 24
CRIAP fl<7r pfd 57% 55% 57% 58%
CRIAP 7•* pfd 67% 04 67 % 68
Chill Copper .. 8% -S% 8% 8%
Chino Copper... 18% 18% 18% 18 4
Coca Cola 20% 20% 20% 20%
Col. Fuel A Iron 26% 25% 26% 26
Columbia Gas... 54% 53% 54% ->3%
Coluip. Graph.... 10 10 1% 10%
Consol. Gas 70% 77% 79 <l%
Continental Can. 60% 60% 00% GO%
Con. Candy* C*a. 5% 3% 5%
Corn Prods.... 68% 65 61 % 64%
Crucible Steel.. 84% 81 84% .2%
Cub.Am.Sugar.. 26% 26% 26% -6%
Del. A Hudson 96% 95% 05% 98%
D. AR. G. pfd 1% 1% 1%
Erie 12% 11% 12% 12%
Erie Ist pfd... 10 17% 18% 18%
Fain. Players... 51% 50 51% 51%
Fisk Rub Cos. 10% 10% 10% 10%
0.. W. A Wig.. 2 1% 2 1%
Gen. Cigars.... 54% 54 04% 54%
Gen. Electric ...119% 118% H 9% 11%
Gen. Motors 13% 12 T s 13% 13 t
Goodrich 37 35% 36V* 39 |
G. North, pfd.. 74% 72% <4
G. North. Ore.. 23% 25% 25% 2n% 1
G. States Steel. 32 32 32 30%;
Houston 0i1.... 82% 80 82% % j
111. Central 84% 84% 84% 4 I
Inspt. Copper... SO 1 *? 30
Interboro. Corp. 3 \ 3% 3% 3% ,
Inter. Harvester 07% 95% 9i‘B 96 .
Infernat. Nickel. 12% 12% 12% 12 J :
Houston Oil 22% 21% 22% 90%
K. S. Sontb 16% IT% 18% L%.
K-S field Tire... 36% 35_ 36% 36%,
Kennecott Cop.. 17% 16',s li 17 ;
La-'V. Steel 61 48% .>O% 45%
Lehigh Valley.. 53 51 53 50
Leovs, Inc 16% 16% 16% 16% ;
1,. * N 99% 99V* 09 I
Marine, coin. ... 15% 15 L*% 11%
Marine. pfd. —SO 48% 49% 49%
Mex. Petroleum. 167% 161 167 159%
Miami Copper .. 15% 15 15% 15%'
Mid States Oil. 11% 11% 11% 11%
Midvale Steel .. 31 30% 3°% 30%
M.. K A T 3% 33% 3
Missouri r.ic. .. IS 10% 1.8 10%
Nat. En. A Stp.. 47 47 47 48
Nat. I-nd 8% 8% 8% 8%
X. Y. Central... 70 6S 69% 67%
New Haven .... 16% 16V* 16% 15%
Norfolk A W.... 97 93% 96 93% '
Northern Pac. .. 7S 74% 77% 73%
OkU. PAR. Cos.. 3% 3% 3% 3%
Pac. Oil 38 37 % 38 37%
Pan-Am. I'etrol.. 79% 75% 78% 75% 1
Penn. Ry. 40% 39% 4040
People's Gas .. 39% 36 38% 37
Pierce-Arrow .. 20% 10% 20% 19%
Here Oil C 0.... 10% 10% 10% I<%
Pittsburgh Coal 57 56% 57 57
Pr-RS; and Stl. Car 80% 79 80 % 79
rull. Pal. Car.. .101% 101% 101% 100%
Pure Oil 3.'% 31% 32% 32
Ry. Steel Sprgs. 82 Sl% 82 82%
Reading 54% 80% 84% 81
Rep. IronASteel 63 GO 03 61
Rep'iogle Steel .72 70 7(1% 70'-'-
Ryl. Dteh.. N. Y. 56% 52% 56% 43%
Ses rs-Roebuck 95% 91 % 91% 93
Sinclair 24% 23% 24% 23%
Slos-Shef. R. AI. 49% 49% 49% 30
South. Pacific... 98% C 5% 98% 95
Southern Ry.... 21% 19% 21% 19%
Std. oil N. J.. 008 fine 6(0 615
St. L AS. F. com 20% 1.9% 20% 19%
strotnberg Carb. 27 27 27 " 28 i
Rtudebaker 42% 40% 41% 41
Tenn. Copper... 7% 7% 7% 7% !
T exas Cos 43% 41% 43% 41% i
Texas A Pacific 19 17% 18 17% I
Tobacco Prod.. 5.8% 49% 01% 40%
Tran*, (ill 7% 7% 7% 7%
l nlon Oil 21% 20% 20% 20'-.
Union Pacific...lid 112 115% 113'-.
I'ntd Ret Sirs. 51 52% 54% 52V.
1 S. Food Prod. 19 16% 19 l>;%
United !'ru1t...2110 196% 200 131 : -
U. s. Ind. Alco. 66 65% est
U. S. Rubber... 64% 62% 61% 62%
U. S. Steel Sk 7811,, 80 78 V*
U. 8. steel pfil.lo3 105% 106 ]<ij%
Utah Copper... 50% 49% 50% 50%
Vanadium Ste 1 39% .25 Vi :.7%
Vir.-Car. Chem. 31 29% ;;o% so
Wabash 7% 7% 7V4 7%
Wabash Ist pfd. 20% 19% 20% 19
W. Maryland... 10 9% 9% 9%
Western Union. 84V* 84 84 82%
Wesths. Klee... 41W 40% 41% 40%
White Motors.. 35% 34 55 % 34%
Willys-Overland 6% 5% 6% 6
Wilson A C 0... 37% 27% 37% 37%
Worth Pump... 41% 40% 40%
NEW TORK LIBERTY BONDS.
Prev.
High. Low. Close. Close.
Liberty 3%s 90.10 89.90 90 OS 90.02
I.llierty Ist 4s 86 02
Liberty 2d 4k 85.12 85.18
Liberty Ist 4%5. 86 20 86.01 86 OS 86.28
Liberty 2d 4‘i* 55.30 85 06 85.20 85.20
Liberty 3d 4%. 88 00 87 92 88.00 57.9S
l.iberty 4th 4%. 85 90 85.70 85 82 55.9 J
Victory 3%s 95.20 95 10 95.16 95.16
Victory 4%s 95.29 95.10 05.12 95.20
In the Cotton Markets
NEW YORK, Dec. 15. —Although the
cotton market opened 10 to 25 nointu low
er today, lu sympathy with easy cables
and bearish consumption figures from
;!i census bureau, it recovered rapidly
and at tlie end of the first fifteen minutes
was about 10 points higher than last
night's close. ,
Wall street and spot house buying took
up the contracts and gave the list its
firm tone In the face *>f the statements
of the census bureau, which appeared to
have been pretty well discounted.
New York cottou opening: December,
15.05 c; January. 13.10 c; .March, 15 15c;
May, 15 37c; July, 15.48 c; October, 15.50 c.
LIVERPOOL, Dec. 15.—Spot cotton
opened in small demand. Prices were
steady: sales ran clog- to 4,000 bales.
American middlings, 15.41(1; good mid
dlings. 12.C6d; fully middlings, ll.Dld;
middlings. 10.41<1; low middlings, 7.66d ;
good ordinary, 5.66d; ordinary, 4,GCd.
Futures opened quiet.
CLEVELAND PRODUCE.
CLEVELAND, Dec. 15—Butter—Extra,
in tub lots, per lb., 50%®57c; extra first*.
55%@56c; prints, 57%®58c; firsts, 54%
53c; seconds, 51®52c; packing stock,
32®35c; fancy dairy, 42@43c. Eggs—
Fresh gathered Northern extra. 80c;
qxtra firsts. 78c; Ohio first* (new cases),
77c; firsts (old cages), 75c; Western
firet* (new case*), 76c; refrigerator
extras, G2c. A case contains thirty
dozen. Poultry—Live heavy fowl*, 26®
28c per pound; light stock, 19® 20c; old
roosters, 18®39c; spring ducks, 32®35c;
turkeys, 45c; geese, 25@33e.
WHOLESALE TRODUCE.
Eggs—Fresh, loss off, 66c.
Poultry—Fowls, 104i24e; springers,
23c; cocks, 15c; old tom turkeys, Usc;
young tom turkeys, 12 lbs and up, 35c;
} ouag hen turkeys, 8 lbs and up, 4(F;
cull, thin turkeys not wanted; ducks, 4
lbs and up, 25c; ducks, under 4 lbs, 29c;
;t.'ne, 10 lbs and up, 20c; squabs, 11 lb*
to doz. $6; guineas, 2-lb size, per doz, SG.
Rabbits—Draw n, per doz, $2.25
Butter —Buyers are paying 48®4c for
creamery butter delivered at ludiauapo?
11s. S
Butterfat—Buyers srs paying 43@45<4
for cream delivered at Indianapolis. '
HOG PRICES
STILL DECLINE
Rough Hogs as Low as $7.75 —
Cattle Trade Still Dull.
RANGE OF HOG PRICES.
Good Good Good
Dec. Mixed* Heavy. Light.
9. 99.90 @IO.OO $9.90@10.00 $9.90@10.00
10. 9,e@ 9.75 3.65® 9.75 11.75# 9.*5
11. 9.65® 9.75 9.50® 9.66 9.75® 9.65
19. 9.65® 9.75 9.50® 9.65 9.75® 9.85
14. 9.25® 9.35 9.25® 9.35 9.35® 9.50
15. 9.15® 9.25 9.00® 9.25 9.25® 9.35
Influenced by the lower tone of out
side market, u not overly good demand
and the continued natural resentment to
high prices, hog prices on the local live
stock exchange were barely steady to
50c lower at the opening today.
Receip*s were about the average for
this season of the year, but there was
no eagerness shown son the part of
buyers.
There was a top of $9.40 on a few ex
tra fancy light hogs, but the_ bulk of
the light hogs sold at $9.25(g9.35.
Good mediums generally brought $9.15
®9.25. and heavies around $9.
Pigs and roughs were fully 50 cents
lower, with pigs at $9((t9.25 and some
poor roughs as low as $7.73, but the
hulk at SS.
The bulk of sales brought $0@0.35.
There was a little better tone to trad
*|ng on the cattle market, but It was
none too good at that.
Bulls were steady to strong, with a
fair demand and but few good cattle or
that grade on the market, while steers
were barely, if steady.
Canners and cutters were generally -5
cents lower. There were n few good
cows and heifers that sold at steady
prices, but the bulk of the sales were
weak to round 25 cents off. ... cnA
Receipts for the day approximated 800
fresh cattle, with between 150 and .00
left over from the Tuesday market.
There was a fairly active trade in
calves, but the market was generally 50c
lower, with an extreme top of $13.50, and
the bulk of the choice veals at sl3. Or
dlnnry good V6rtls generally brought
$12.50® 13.
There were a few common and poor
calves that were even lower than 50c,
due to a lack of demand.
There were between 350 and 400 calves
on the market.
There were around 250 sheep and lambs
on the market. ,
HOGS.
Best light hogs, 100 to 200 lbs
average 9 25® !).3->
200 to 300 lbs average o.OO<<£ .2o
Over 300 lbs
Sows i-i 5(& 8.00
Best pigs under 140 lbs 90<i<g 9.23
Bulk of sales 9-00® 0.35
CATTLE.
Prim" eornfed steers, 1,300 lbs
and up 0.75® 13.50
Good to choice steers. 1,200 to
1,300 lbs 9.00® 13.00
Good to choice steers. 1.100 to
1.2,0 lbs 8.25® 9.u0
Medium steers. 1.000 to 1,100
lbs 8.35® 0 35
Common to medium steers,
800 to 1.000 lbs 600® T.i-J
—Heifers and Cows—
Good to choice heifers 8.75® 12.25
Medium heifers 7.00® 7 j 0
Common t<> medium hdfern.. i *>o
Good to choice cows..., 7.00® 800
Fair to medium cows 4 5 5. W
Cutters >* s°® i— |
Canners 3 O')® 3.-oj
—Bulls
Good to choice butcher bulls. 6.50® 8.25
Bologna bulls 5.00" t 8.0-11
Light common bulls 4.25® 5.2-> ;
Calves—
Choice veals 12.50® 13.50-
Good veals V.VIftJII.OO,
Lightweight veals 6.50® 8.001
Medium reals 9.25
Heavyweight calves *-■*) 4 J..kJ
Common heuvywelght calves. 4.iA>® 6-001
—Stockers and Feeders—
Good to choice >-te-rs, 80) lbs
and up 8.000 9.00 j
Good to choice steers, under
8(4) lb. 7 00® 800
Medium cows 4.50® 5.00
Good cows 5.00® 0.->0
Gnd heifers 5.50® 6.00
Medium to good heifers 5.%)'u 6.00
Good talkers M®os 0!)
Stock calves, 250 to 450 lbs.. 5.00® M>i;
SHEEP AND LAMBS.
Good to choice sheep li.ixcu 3.50
Pair to common 2-‘* %
Buck 2.50® 3.00
—Lambs —
Common to choice yearlings., o 00® 6.00
Spring la tubs SoO® 9.00
Other Live Stock
CHICAGO, Dec. 15.—Hogs Receipt*
30.000; market, 10c up; buik. s#®'Jls;
butchers $890%9.15; packers, sß.7s®His);
lights, $8.90® 25; pigs, is.so® 9 25;
roughs, $8.50®D.75. Cattle Ite elpts 9 o ;
market steady; beeves. s7®ll.M); butch
ers $4.40® 10.35; c.inmirs and cutter*
$1.75'/5; stockers and feeil'Ts. $1.25®
7.75; cows. $4.25®9; dive*. $.S® 10. Sheep
—Receipts’, 15,006; market dull; lambs,
s>®. 12.5 u; e(*•■, $2.25® 8.
CINCINNATI, Dec. 15. Hogs Re
ceipts, 0,500; market generally 50c lower;
heavies, mediums and lights. $9 25;
roughs. $7 75; stags, $6.25. Cattle Re
ceipts, 500; market *l(Midy to weak; steer*
and cows, weak; butcher stock steady;
bulls, weak. Sheep and lambs—Receipts.
200; market, strung; sheep, $1.50®5;
lambs, sU®ll.sO.
CLEVELAND, Dec. 15.—Hoys—Ite
eeipts, 5,500; market, 15c down; Yorker*.
?9.a5; mixed, $9.55; medium. $9.55; pig*.
MO; roughs, $8.50; stags, $6.50. Cattle
Receipts, 350; market, weak. Sheep and
lambs—Receipts, 1,000; market active
and steady; top, sl2. Calves—Receipts,
3K); market, slow; top, sl3.
EAST ST. LOUIS, Dec. 15.—Cattle
1;,., , ipts, 3,090; market slow ; native beet
steers, 19® 10; yearling beef steers aud
beifets. 'slo.so® 12: cows, ss®7; Stocker*
an-] feeders, $5®750; calves, $101().75;
canners and cutter/, $4@4.73. llug* Re
ceipts, 1,9)4); market 20®25c lower; mixed
and butchers, $8 *o®;9.<V>; rough heavies,
$7 J>o®B; light s, $M.90®'9.15 ; pigs. sßso®
9.15; bulk of sales, $8.35@9.05, Sheep—
Receipts. 2,000; market lower; ewe*.
S4@s; lambs, $10®It; canners and cut
ters, $1.50® 3.
PITTSBURGH, Dec. 15.—Cattle—Re
ceipts, light; market steady; choice, sl2®
12.50: good, $10.50® 11.50; fair, slo®
11; veal cal vos, $ 15® 15.50. Sheep uud
lambs—Receipt*, light; market steady;
prime vvetherw, $6®0.25; good, ss®s su;
mixed fair. *4®4.50; spring iambs, $12.2.7
® 12.75. Hug*—Receipts, 20 doubles;
market higher; prime heavies, $9.50®
9.75; mediums, $10.40® 10.50; heavy
yorkers, $10.40® 10.50; light yorker*,
$lO 40®. 10.50; pigs. $10.40®1,0.50; roughs,
$8®9.25; stags, s6® 7.
EAST BUFFALO, N. Y„ Doc. 15
Cattle—Receipts, 625; market slow and
steady; shipping steers, $12@13.50; butch
ctr grades. $8®11.75; cows, ?2®7.50.
Calves— Receipts, 200; market active, 50c
up; cull* to choice. ss® 17. Sheep and
lambs-Receipts, 400; market active. 25®
;*„• up; choice lambs, sl3® 13.25; culis to
fair, $7®12.75; yearling*. $8®0.50; sheep.
$2(3,6.50.’ I log a—Receipts, 3,200; market
slow and lower; yorker*, $10.25® 10.35:
pigs. $lO 50; mixed, $10®10.25; heavies,
$10;' roughs. $8.25@8.50; stags, $6.73®
7.25,
WHOLESALE FEED PRICES.
Ton sacks. Cwt.
Acme Frond $42.(4) $2.1.5
Acme Feed -12.00 2.13
Acme middlings 46.00 2.33
Acme Dairy Feed 52.50 2.65
E-Z Dairy Feed 42.50 2.15
Acme H & M 40.75 2.10
Acme stock feed 35.50 1.80
Cr(kcd coru 4<iod 2.05
Acme chick 50.00 2.55
Acme Scratch 47.00 2.40
E-Z Soratch 44.00 2.25
Acme dry mash 52.00 265
Acme hog feed 50.50 2.55
Homltk. yellow 40.00 2.05
Bulled barley 47 00 2.40
Alfalfa Mol 46.00 2.35
Cotton seed meal 48.00 2.45
Linseed oil meal 61.00 3.10
GRAIN'S.
Shelled corn, small lots 90
Shelled corn, large lots 80
Shelled coru, 2-bu. sack 04
Oats, 3-bu. sack
Oats, large bulk to
CORN MEAL AND I LOUR.
Corn meal, cwt.., net wk $2.25
E-Z Rake, bakers' flour. 98-lb. sack. 10.35
LOCAL HIDE MARKET.
Green Hides—No. 1, Cc; No. 2, sc. Green
Calve*—No. 1,8 c: No. 2, 6%c. Ilorso.-
|kldes-*No. 1, $4; No. 2, $3. Cured Hides
No. 2. 7c.
INDIANA DAILY TIMES, WEDNESDAY, DECEMBER 15,1920.
GRAIN MARKET
BRAKES SHARPLY
Flood of Selling Orders Drive
Prices Downward.
CHTCAGO, Dec. 15. —Grain prices broke
sharply In trading on the Chicago Board
of Trade today, due to the bearish Gov
ernment crop report.
A flood of soiling orders appeared at
tho opening of tho market, which drove
alt prices downward.
On the break there was a great deal of
profit-taking by the shorts.
Provisions were lower.
December wheat opened off 4%c at
$1.66, and later lost 2%c. March wheat
was off 2%c nf the opening ut $1.63 and
dropped 4%c later.
December corn, after opening down
1 %c, at 70c, dropped 2c additional be
fore the close. May corn was off l%c at
the opening, at 71%c, and .dropped l%e
additional later. July corn opened at
72c, off l%e. and dropped unother l%c
In later trading.
December oats opened at 46%e. off lc.
and later dropped I%e. May opened at
49%0, off %e, and dropped 2%c additional
subsequently. July oats opened off lc
nt 4S'Hic, and dropped another l%c later.
(By Thomson A McKinnon.)
—Dec /4
Wheat—The constant * demand for
wheat from abroad is slowly overcoming
fears born of so-called economic condi
tions. Confidence has not yet been re
stored to tho point that there Is a broad
Investment demand. The buying power
In the market is confined to the cash
trade. Poor telegraphic service has un
doubtedly restricted trade as well as
news, blit the seaboard reports 751U000
wheat and 400,000 rve closed today. The
final estimate of production to be given
this afternoon Is not expected to carry
any surprises. It may possibly reduce
the total yield. This Idea Is based upon
the fact that the Kansas State report Is
somewhat smaller than recent reports.
; Contemplated legislation might possibly
affect sentiment, but It Is our Idea that
there has already been sufficient wheat
sold for shipment abroad to prevent any
pronounced weakness In the cash situa
tion between now and the next crop.
Corn—The strength In wheat was felt
In corn and was more than usually
j effective because of absence of selling
Toward the last the market was In
fluenced by a withdrawal from the cash
market of the leading Industry. As t
consequence, premiums were one to two
lower, the mixed and white corns selling
close to h deliverable basis, whereas the
yellow was In moderate demand from
sli.ppers. It ts quite generally expected
that the movement will increase within
n short time. This may have a temper
ary depressing effect, hut we lean to the
idea that prevailing prices are distinctly
cheap as compared with wheat and with
commodities. We believe a considerably
better demand will come Into the market
after tbe'Turn of the year.
Oat*—There have been no developments
In the oats or in the situation, trade
being limited lu volume nud of n local
character. Wo expect a better demand
from the South and East and do not
expect any particular Increase lu the
offerings from ibe country.
Provision* The early hog market was
In a state bordering demoralisation.
Home liquidation appeared In products
also, a little selling by smaller packers
The movement of hogs from the eountry
is thought to have reached It* climax.
CHICAGO GRAIN TABLE.
WHEAT— Open. High. Low. iloae.
Dec. .. I.BR 167 1.63 1.65%
Mar. ... 1(21 1.63 1.57 1.58%
CORN—
Dec 76 .70% .67% .68%
May ... .71% .71% .6.8% .60%
July ... .72 .72% .70 .70% ;
OATS—
Dec 46% .46% .44% .13% .
May ... .49% .49% .47 .47%
July ... .48% .48% .46% .47%
PORK—
Jan. ... 22.10 22.15 22.10 22.10
LARD—
Jan. ... 13.55 13.55 13.27 13 30
May ... 13.ik) 13.80 13 35 13 37
RIRS-
J.un. 11.30 11.50 11.30 11 35 j
May ... 11 75 11.97 11.70 11 75
CHICAGO CAftll 1, K VIV
CHICAGO. Dec. 14 —Wheat No. 2
red. $2.5®2.06; No. 1 h-ir.l winter, $181;
No. 2 hard winter, $1 80 JI M>%; No. 1
northern spring. $1.82% . No. 2 north
ern spring. $1.50. Corn No. 1 white
77. ; No. 2 wbl;e. 72%®T4% ; N„ 2 ie|
low. 81%®82c; No. 3 yellow, 75%7 * 'v
No. 4 yellow. 72®76c; No. 4 white 74)%®
"lVa". <)at No. 1 white, 50%®.'*)%.-;
No. 3 white,4il@soc; No. 4 white, 48%®
49%c; standard, 46c.
PRIMARY MARKETS.
(By Thomson A McKinnon )
—Dec. 14—
Receipts
Wheat. Corn. Oats.
Chicago 312.0(*i 2;w.(<>o 208,000
Milwaukee .. 8,000 14,000
Minneapolis . 507,000 ( 2.M00 06.004)
Duluth 104.tHS) 2.000
St. Louis 115.004) 36.1)00 66,00.)
Tol< >!• 15,600 26,01 0 U.OOO
iH-tro’t 2,0041 C.<*)o 12. 000
K ■ nsas city. 246,000 34,000 24.0)0
Omaha .ss.loO ht.Km 22,01*1
Indianapolis,.. 7,4)00 1521,004) 54,(j.i
Totals 1,404,1)00 , <)o7,('<*) 482,4**1
Year ago... 1.136,000 SfH'.i*)!) 578. MK)
Shipment-
Wheat. Corn. Oats.
Chicago 33.601 85.***) 185,000
Milwaukee .. B,**lo 17n<>0 4.4*)0
Ml 11 uea polls . 136,04)0 47,000 43.U00
L'uluth 310.004)
St. Louis 140,000 24,000 G\o<)
Toledo ",(*s*
Kansas City. 234/>bo 21.000 19,004)
Omaha 84,000 7,000 14.0(*)
liidianapollß 4)1.000 14,000 i
Totals 1)45,000 217,000 394,000 i
Year ago... 673,)*)0 530,04*) 413.000 j
- Clearances
Dom. W. Corn. Oats, i
New York... 587,000 j
Philadelphia. 201,000 t. j
Totals 588.000
Year ago... 421,0i*l 184,000
INDIANAPOLIS CASH GRAIN.
—Dec. 14-
Bids for ear lots of grain and hay at
the i-all of the 1 udlaiiupolia Board of
Trade were:
Wheat -No aales.
Corn—Finn; No. 3 white., 73®74%e;
No 4 white, 71%((f72%c; No. 5! yellow, 78
(R 80; No. 4 yellow, 74®7f.0 : No. 1 mixed,
7t<tS73c; No. 4 mixed, 68®70c.
(ints Steady; No. 2 white, 52%®53%r;
No. 3 white, 51 %®s2c.
Hay -Weak; No I (Imothy, s26® 26.50, ]
No. 2 timothy, $25®25.550; No. 1 light elo- j
vi r mixed, s24®-21.50; No. 1 clover hay, j
$24-54!® 25.
Wheat No. 2 red, 1 car; No. 1 hard, i
I err; total. 2 i'Bl'k.
( oyn—No. 2 white, 1 cur; No. 4 white, 1
10 <nrs; No. 5 white, 7 ears; No. 6 white,
5 curs; No. 2 yellow, l cur; No. 2 yel
low, ‘2 curs; No. 4 yellow. 15 cars; No. 5
yellow, 18 cars; No 6 yellow, 6 cars;
No. 3 mixed, 1 car; No. 4 mixed, 1 car;
No. 5 mixed, 7 cars; No. 6 mixed, 1 car;
ear, 1 inir; total, 76 ears.
Oats--No. 1 white, 4 cars; No. 2 white,
12 cars; total, 16 cars.
Rye—No. 2. 1 car.
Hay- No. 1 timothy, 2 ears.
WAGON WHEAT PRICES.
Inillnnapolis flour mills and elevators
today ure paying SI.OO for No. 1 red
wheat, SI.BB for No. 2 red wheat and
$1.84 lor No. 3 ml.
HAY MARKET.
The following are the Indianapolis
prices lor l'-ay by the wagon load:
Hay- Loose timothy. new, S2g<li29;
mixed hay, l.t-w, $26®28: baled, S2O®2S.
• )ats —Bushel, new, st)®s3<\
Corn - New. 77i®8(tc per bushel.
Terse Market Notes
LONDON, Dee. 15.—The London Stock
Exchange made (partial recovery today
from a price slump that had lasted three;
day*. During the decline rumors were j
current in financial circles that a big
institution and a prominent speculator
w-ere facing bankruptcy.
TO TELL CHRISTMAS STORIES..
At the Madison Avenue Branch Library
story hour, on Thursday afternoon, at
3:45 o’clock, Miss Carrie E. Scott, chil
dren’s librarian from Central Library,
will tell two Christmas stories and also
continue the serial story told a>. former
story hours at the branch.
On Commission Row
TODAY’S PRICES.
Apples—Missouri Jonathans, per bbl.,
$9; fancy Illiuois Jonathans, per bbl.,
SS; extra fancy Grimes Golden, per bbl.,
s6(s9; extra fancy Wine Saps, per bbl.,
$9; Bell Flowers, per obi., $6.50; Bald
wrins, per bbl., $6; Spys, per bbl., $0;
Klnnard Red, per bbl.. s6@B; Kings, per
bbl., s€; Wolf Rivers, per bbl., $5.60;
None Such, per bbl., $5; Maiden Blush,
per bbl., $4.50; Greenings, per bbl., $0;
Choice .Touathans, per bbl., $6.
Almonds—Extra fancy grades In all
brands, per lb., 21(332e.
Beans- Michigan Navy, in bags, per lb.,
s%@oc; Colorado Piutos, In bags, per
lb., 7@7%e; Black Eyes, In bags, per
lb., B<fjoc; Red Kidneys, In bags, per lb,
12@13c; California Limas, In bags, per
ID., $9(q10; California Pink ChlL, in bags,
per lb., 7%@sc; Lintels, per lb., 12%c;
dried peas, green, per lb., $10e; spilt
yellow pens. In 60-lb. bags, per lb., 9c;
split green peas, per lb., l()c; Marrow
fat beans, lu bags, per 11)., 12c.
Beets—Fancy home-grown, per bu.,
$1.50.
Bananas—Extra fancy high-grade
fruit, *io,to 6(>e per bunch; per lb., SO.
Cabbage—Fancy Northern, per lb., 1%
@l%e.
Carrots—Fancy home-grown, per bu.,
SI.M>®LK. . .
Celery Fancy New York (In staniiard
crates), s6®7 dox.; per crate, $6.50;
fancy New York trimmed, per bunch,
$1.25® 1 35.
Cocoanuts —Fancy, per doz., $1.20; per
bag of 100, $7.75.
Cranberries—Fancy C. C. Howes, per
bbl., $18; per bu„ $7.
Cucumbers—Fancy Florida small, per
doz., $2.
Egg Plant —Fancy, per doz., no.
quoted; last price, $2.50.
Grapefruit—Extra fancy Florida (Blue
Goose brand), 365, per box. $5.25; 465. per
box, $0; 545, 645, 70s and 80s. per box, *6;
fancy Florida*, 3(’s, per box. $4.20; 465,
$4.75; 54-4, 64s mil 70s. $4.75; 80s, $4.75.
Lettuce —Fancy hothouse leaf, per lb.,
25c; In barrel lots, per lb., 23c; funcy
California Icebergs, per crate, $4.50.
Oranges—California, all grades, $3.50®6.
Onions -Fancy Indiana yellow or rid,
per )00-lb. bags, $1.75; fancy Indiana
w hite, pi r 100 10. bag. $2.50; fancy Span
ish, )>r crate, $2.25.
Parsley Not quoted.
Potatoes Fancy Michigan and Wiscon
sin round whites, per 150-lb. bag, $3; 5
or 19-lb. bag luts, per bag, $2.90; fancy
Idaho Gem*, per bag, $2.50.
Radishes—Botton, large bunches, per
do*., sl.
Siv(et Potatoes Fancy Tennessee Nacy
Halls, per hamper, $2.30; fancy Eastern
Jerseys, per hamper, *3
Spinach—Fancy large bunches, perdos.,
80o<U-Sl.
Turnips I aiicr washed, per bu., $1.25
®1 50.
Mustard Not ijuoted.
Knle Fancy, per barrel. $2.25.
Cauliflower- Fancy California, per
••rate $2.40.
Oyster Plant—Not quoted.
Leek—Fancy, per doz., 25@30c.
Sage— Knucy, per iloz., 45c.
Green Onions—Fancy, per do*., 17%e.
Tom.itoe* -Fancy ripe, per 0 lb. basket,
*1 >*>; fancy ripe. 6-basket crate, *7 50.
Rutabagas -Fancy Cauudlan. per 50
lbs, $1; per 100 lbs, $1,75.
Peppers—Fancy, per amall basket. 75c;
per 1% bu crate. s u .
Kumquats— Fancy Florlila, per qt, 25c.
Tangerines—Extra fancy Id's, 168 and
ISlfg boxes, $4.
Lemon*— Extra fancy California*, 300s,
per box, $!
Grapes—Fancy California Emperors,
drums, 31 lb*, $7; Imported Spanish Ma
laga* per keg. $114712
Nm Meat* i’eciiu*, 5 lb cartoon*, per
lb, 90< , Walnuts, per lb. flo.-: Almond*,
per lb 55c; Fllberls, per lb, 4(K-.
English Walnuts—Fancy, per lb. 26
> si.-.
Pecans—Fancy, per lb, 25®80c.
Filberts- Naples, in bag*, per lb, 24®
2G< ; Sli lly, In l>ag*. per Tb, 20-423 c.
Brazils—Large, washed, la bags, per
lb, 32 -
Raisin* -Fancy Spanish dusters, 20
pkg* to box per box, $8.25; 5 1-lb pkgs
to i x. ler fx-x, $2.40.
HI korv Nut*- Sheßliark*. per lb, 10c.
Peanuts Virginia Jumbo, salted, per
lb, 18,-; .Tumbo blani-hed. In 10-lb cat:*
per lb, 32r.
Weather
The following table shows the slate if
the weather ni 7 a m u* observed by
United States weather bureaus:
Station. Bar. Temp. Weath
I ndl.uuipoHs, Ind., ID. Ufl 91 Snow
Atlanta, Us 30 i*) 40 Clear
Amarillo, Texas .. 30-60 24 Clear
Blfiunrck, N. I.) 30.10 24 Clear
Boston, !!** 29 46 42 Clear
f’bleng -. 11l 20.50 32 Snow
Cincinnati, O. .... 29.68 32 Snow
Clevehmd. () 29 44 30 Snow
Denver, Colo 30 58 24 l’li*ar
Dodge City, Ka* 30.44 '2B Clear
; Helena, N('-nt 30.58 10 Clear
; Jacksonville. P'la.. 30.10 46 Clear
Kai *a 1 City. M 0... 30.04 34 near
Louisville, Ky. . 21'.82 36 PtCldy
Little Rock Ark . 3i).'*o 42 clear
Lo* Angeles, Cal... 30.12 50 Clear
Mobile, Ain 3) 11 46 Clear
New (Sr’* ans, I.a .. 30 20 4S 4’lear
New York. N. Y 29.54 3s Clear
Norfolk Vn 2.' 76 42 I 'lcar
Dklahr-mn I'i'v .... 30.42 31 PtCbly
Ontnba. Neb. .. . 29 OS 32 Clear
; Philadelphia, i’a .. 29.58 40 Cli>ar
(*p- burgh. Pa. .. 29 54 34 Cloudy
Portland, Ore 30 is 38 cloudy
; Rapid City. S. I).. 3082 34 Cleor
Rose). *rg Ore. . . 30 16 28 Clear
San Antouto. Texas 30.36 46 PtCldy
San Francisco, Cal. 30.12 48 clear
St. Louis, Mo 29.88 36 Cloudy
1 Sf. Paul. Minn 29.52 22 Cloudy
1 Tampa, Fla 30.12 48 Clear
Washington. I> (V. 29 62 12 Clear
WEATHER CONDITIONS.
since Tuesday morning the great
storm over tire lake# tovs moved slowly
! northeastward, but iff! embraces within
1 Its area most of the Northeastern half of
the country, unil It has been accompanied
:by I!glit precipitation from the upper
.Mississippi V ollrv to the north Atlantic
• coast. Tlie western field of high pres
sure has moved *outhen*ttvard anvl cov
i ers the Sout-lvnestern lialf of the eountry.
The IvarometrlA grnvltout between tlie two
Its quite steep, anil hna caused n eontlnu
! e'ton of high winds generally over the
! Central Valley*. It is considerably cold
-er in the Atlantic Coast States, nml the
readings ulso are somewhat lower over
the most of the remainder of the country
except along (lie Western and south west
ern borders. ,1. If. ARMINGTON,
Meteorologist, Weather Bureau.
Marriage Licenses
Thomas Brooks 526 E North street.. 2t
Lucille Price, 724 Virginia ave 24
I Elzonev Walker, 725 Harding ave 31
Klim Mt'Murray, 973 Coe st 29
I James Hamilton. 837 Udeit st 22
Hazel Clegg, .302 Park ave. 19
William Enzlnger, Batesvllle, Ind 27
(Caroline Si'bwi'.mnn, Batesvtlle, Ind.. 20
i’l r-iee I fetid r'.ckr. 1860 Orleans st-- 25
Edna C. Slionk, 1431 Madison ave is
Wllluiin Bordner, Dakota. 11l 37
Nan Wolevor, Broad Ripple, Ind 24
charlen Jenser, Jr . 423 S. Dearborn at. 23
Blanche Moehnn, 3113 E. Minnesota st. IS
Vernon Kuipluah. 1202 S. Meridian ,t. 21
Maude J. Wolfe, 1202 S. Meridian st.. 20
Oreu llilt, Inillnnapolis 27
Hazel Grays, Uoogootee, Ind 19
Deaths
Eva M. Lennes, 38, Methodist hospital,
chronic myocarditis.
,!,.*.se Benson, 74, City Hospital, pneu
-1111 net in Thrasher, 12, Methodist Hospi
tal, neute cardiac dilation.
Frederick Watson Hart 61. Methodist
Hospital, chronic encophalitis.
Willie Mae Hammock, 1 mo., 1020 N.
Illinois, broncho pneumonia.
Cclest E. Havlland Tryon, 21, 3844 E.
Washington, uremia.
Jessie Mnsengae, 24, 2501 Walker, pul
monary tuberculosis.
Abraham Lincoln Charles, 87, 609 N.
West, arterio sclerosis.
Michael J. Burke, 35, 178 Bright, pul
monary tuberculosis.
Births
Robert and Marie McDaniels, 541 Hia
watha, boy.
John and Anna McNelis, 237 Detroit,
boy.
Vergil and Pauline Smith, 1244 Cor
nell. girl.
Emmett and Inez Austin, Deaconess
Hospital, girl.
John and Maggie Crawford, 114 Doug
las, girl.
John and Marie Yeager, 2834 School,
boy.
John and Beulah Cross, 122-5 Harlan,
girl.
Roscoe and Goldie White, 1816 Roose
velt, boy.
Nelson and Mary Grimes, 2302 Hillside,
firL
CHICAGO LOSES
GRAIN TRADE
Cheaper Freight Rates Divert
Trade to Southern Ports.
CHICAGO, Dec. 15.—Despite Govem
• ment reports that io‘>o wheat crop
lias been exceeded only three times in
i the country's history, and that Kansas
lias registered a gain of 13,000,000 bush
( els of ,the commodity, Chicago graiu
; dealers today are bemoaning the ap
parent fact that the city is losing pres
tige as the world's greatest grain center.
Chicago, grain men report. Is rapidly
losing most of the Kansas, Nebraska end
other western wheat, which invariably
came to it for market, and the fact that
it costs 14 cents more p4r 100 pounds
t<> shin wheat from Kansas City to the
Atlantic seaboard than it does' to gulf
ports, under recent freight rate increases,
is the real reason, they say, for their
complaint.
Receipts of wbeat at Chicago for 1920
up to Dec. 11, according to statistics
available at the Board of Trade, were
27,968,000 bushels.
Groin men point to 1919 receipts of
75,948,000 bushels us ample substantia
tion of their claim that existing freight
rates are leaving Chicago behind as a
grain center. In 1918 (Hi,610,000 bushels
of wheat pass to market through Chi
cago, while this year the city's wheat
trade will be the lowest since 1010, vcheu
it was 27,540,000 bushels
Other figures prepared by Chicago
grain interests show a like change ill
the wheat movement from West to South
has greatly changed the volume of ship
ping from eastern ports.
During 1918 eastern shippers handled
81,413.000 husbols of wheat aa ugainst
4,283,000 handled at gulf ports.
The steadily climbing receipts at south
ern ports is stArtlingly Illustrated by
1919 statistics.
During 1919 Atlantic ports handled
00,730,00) bushels while gulf ports jumped
to a volume of 27,692,000 bushels, or
merely as much as Chicago Itself found
a market for this year.
This year, to date, according to the
Board of Trade statistics while Atlantic
ports hare dropped 71,243,000 bushels of
wheat the Southern ports huve handled
60,360,000 bushels.
It is estimated a vast amount of this
60.000,000 bushels was diverted to South
e-n ports by the 14 cents difference be
tween Atlantic end Gulf freight rates.
Chicago grain Interests await the de
cision of railroad* which have been ap
pealed to adjust present freight rates.
GOODRICH TAX
LAW GETS O. K.
OF STATE BOARD
(Continued From Page One.)
fur the control of bond Issues to be in
the hands of the Slate officers.
Regarding the Johnson home rule tax
bill, passed In the s;>eelal session of 1920,
the statement reads:
"The Johnson home rule bill passed by
the special session of the Legislature,
which took away the power of this board
over the tax levies effective immediately
and over bond Issues after Jan. 1. 1921,
seems not to have been understood by
the taxpayer* as only in two countte*
were petitions filed by the taxpayer* pro
te*ting agaln*t the tax leric* fixed by
the local authorltie* This board 1* fully
convinced that the taxpayers are en
titled to some consideration on the que*
tlon of tax levies. A careful Investiga
tion will show that In tnany counties In
the Hlate more taxes will be collected
during the year 1921 than government
economically administered will wnrrant.
WHY BELIEF IS
NOT GRANTED.
"Failure on the part of the taxpayers
to tnv.ike the remedy provided by the
Johnson borne rule bill, or tha inefflcacy
of the remedy therein provided, rjay be
the reason why proper relief wns not
granted."
Ia speaking of the horizontal increase*
declared lilcgni by a decision of the Su- 1
preme Court, the statement says:
"The principle of horizontal raises )a
nut new. It has been the law
aid-was the law prior to that. Every
lew. in order to secure a proper equali
zation between counties should provide |
that this authority be exercised by the
various boards charged with the duty
of equalizing assessment*.
"The special commission of 1915 rec
ommends that the Plate board 'be em
powered to order a horizontal increase
or di-crcsse of the assessment of any
municipality of the State.'
“One of the main reasons why the old
lav.- failed was In this that the State
board did not exercise the power given
by statute of applying horisontal raise*.
It !* only as a result of properly app.
lag horizontal raises thet inequalities in
:ie**Liient* became nppnrcnt.
"The effort* of the horizontal raises
*oem not to be full understood, nnd for
tlint reason the following is presented:
"There were two courses open to the
State board when it considered the quo*
(ton of equalization. Reduce the valu
ation placed by It on railroads, telegraph
and telephone companies, banks, trust
companies and public utilities, nmount
lug to one blilton dollar*, or raise the
other property In the nlnoty-two countU*
to the standard set by It.
RAISED
STANDARD.
"I* the board had adopted the first
plan It would have assessed property nt
lots than its true cash value, *0 it chose
(he second method of raising the ninety
two counties to the standard set by it.
"None of the tax rates were finally de
terniTued until all the horizontal raise*
had been added. If no raises had been
niude nnd the State board hail lowered
its ntiaeßsments the State levies would
all have Been much higher.
"On account of the failure of tho local
assessing officers to a**esw all property
at it* fnil true cash value, inequalities
existed and the only method the State
board had to equnltr.e tbene Inequalities ;
was by making horizontal raises *o ns
to bring the aggregate of the other prop
erty to the basts of property assessed
by If.
“Injury result* to the taxpayer from |
an unequal original valuation. The liorl- :
raises did uot create the inequal
ity, It only made it more apparent. The
lujury existed, the taxpayer wns hurt
before the horizontal raise was applied.
“If the tax rates had not been reduced
after the horizontal raise was applied
then injury would have been done.”
COMPANY ASKS
RETURN OF BOND
AND CONTRACT
(Continued From Page One.)
counts with reference to the invalidity
of the contract between the county com
missioners and Mr. l'rice, receiver of A.
J. Ynwger & Cos., that in view of the
unalterable decision of the auditor that
he would make no payments on account
of any work done by the contractor on
this contract, and In view of the fact
that the board of county commission
ers and the county council have done
everything which (hey can do to relieve
an attempt to adjust the situation, even
going to the extent of directing a friendly
suit to bo brought to construe the con
tract. and In view of the fact that we can
no longer hold our sub-contracts and
orders for material, and in view of the
fact that the attitude of the State Board
of Accounts and the Auditor have resulted
In an Increase rate on the bonds to be
sol(l for this contract, costing the county
more than $30,000 In excess of the orig
inal program In order to relieve the
hoard of county commissioner* of any
embarrassment and in compliance with
the decision of th-e State Board of Ac
counts, we hereby consent to the can-'
collation of our contract for the con
struction of the Northwestern avenue
bridge and demand a return of the con
tract bond executed and delivered to you.
President Lewis George of the com
missioners, has arranged for a confer
ence in a final eMernpt to adjust the
muddle.
HARMONY PLEA
IS STRESSED AT
G. O. P. SESSION
tContinued From Page One.)
curtail expenditures elsewhere. We must
; realize that the taxpayers’ interest must
|be served. This is no time for a program
i of Increased taxation.” ,
! In closing he said: “We must work
j for the best Interests of the party and
the people. W e must do our best to
hold the Republican party intact.”
SAME FEAR OVER
ENTIRE ASSEMBLY.
Over the entire assembly there seemed
to be the same fear implied in the Gov
i ernor-elect's closing statement.
In commenting on this feeling Mr.
Branch said: “I don't believe there Is
1 going to be a split. We are going to be
btg enough to stick together. If we stick
together we will be in power for the next
twenty-five years, if we split we will go
out of power next year.”
Mr. Waamuth said: “I have the deep
est desire for harmony. We can accom
plish results ouly with harmonious action.
If there is a lack of harmony and action
is prevented the responsibility will rest
on th party.”
Senator Estes Duncan, who addressed
the meeting on the work of the legisla
tive visiting committee, said: “Let us
forget ourselves for a little (vhiie aud
work together for the principles of the
party.”
It takes only a little mingling with
the members of the Legislature to un
derstand why the fiwr of a party split
is so pronounced in the minds of the
leaders.
In the first place there is a tight on
for the Speakership of the House. This
fight has taken on enormous propor
tions and threatens to split the lower
body asunder nt the very beginning.
In fact, many Republican members are
openly admitting that a spilt is inevit
able.
MILTENBKRGER
AGAINST M’CLUKE.
Tho contending factions —nnd they
have come to the point where they car.
be termed nothing e^se—are lined up on
one side for John F. McClure of Ander
son, and on Ihe other for Jacob D. Mil
tenberger of Muucie. The other candi
dates can be eliminated as having 110
appreciable strength.
Events have taken such a turn that
the fight is more Important than a con
test merely between two members of the
House. It Is looked upon as a contest
between one of the factions of the Leg
islature nnd the Governor-elect. This is
frankly admitted by many.
Mr. McClure is loked upon as Mr. Mc-
Cray'* choice for the speakership. Mr.
McCray haß said nothing himself and
some take that as a hopeful sign, but
there are many evidences that he is just
as strongly expressing his choice.
Mr. McClure’s campaign is being con
ducted with the assistance and under
the leadership of Lawrence Lyons, who
was Mr. McCray's campaign manager.
Mr. Lyons was present In the lobbies
prior to the meeting and talked to many
member* of the House.
Edward C. Toner of Anderson, unsuc
cessful candidate for the Republican nom
ination for the governorship, also is
active In his behalf aud was busiiy
"lobbying."
KXOfIX AS
GOODRICH MAN.
On the other hand, Mr. MUtunberger
is known a* a Goodrich candidate, al
though his followers ure not advancing
him as such. At the sama time they
ore laying no claims to being McCray's
<ho Ice. In fact, one of the leaders of the
Miltenberger faction declared that “we
don't know exactly where McCray etanas
but wc are not particularly anxious to
have. Win on ur stde.” . ;
The nutting was largely engineered
by Mr. McCray and Mr. Branch. It was
significant that Governor Goodrich was
t.ut present and so far bs . ouid be de
termined he. was not Invited.
Now, a* to the relative strength of the
two candidates for the speakership: it
can be summed up in the expression of
the two candidates. Mr McClure said
he wns ‘‘hopeful" and Mr. Miltenberger
zald ho was "confident."
There has been a strong drift to Mr.
Miltenberger, and while it is too early
to make predictions, it can be said that
if the caucus were to be held today Mr.
Miltenberger would have a better oppor
tunity to bo elected to the speakership.
SEVERAL REASON'S
FOR CONDITION.
There are several reasons for this.
Firrf. many members of the as
sembly do not take klndiy to what
they believe to be another attempt
at administration coutrol.
Second, the thirty-eight members of
the House who have been members
at previous sessions are objecting to
the election of a newcomer to the
Speakership.
Third, many members believe that
the election of Mr. McClure would
tend to bring about too much domi
nation by public utility corporations.
Mr. McClure formerly wns a member
of the Indiana railroad commission and a
member of the public service commis.don,
and he has never been known as an
enemy of public utilities.
In tb*? Senate there is another fight. ,
but it docs uot seem to be taking on
snch alarming proportions dtid the con
sequences probably will not b(> so far
reaching. This fight Is for the posi- :
tlo.'i of president pro tern.
Three candidates arc la tlx* field: Sen
ator Oscar Ratts of Paoli. Senator James
Nojdl of Lake County and Senator Don
Strode of Kokomo. Senator Ratts and
Senator Nejdl aie looked npon as the
leaders, with Senator Strode running a
fair third. Senator Nejtll’s chances seem
lo be improving, altbugh Senator Ratts
appears still to be strong.
All of thees were expected to
he discussed at the two closed meetings
in the afternoon. The motion calling for
th<* holding of closed meetings nq made
by Senator Nejdl, who is actively cam
paigning for the position of president
pro ton.
"This is practically a public meet
ing,” he said. "There arc things that we
all want to talk about in private. 1 move
T m _ I ■ FLETCHER
| |C 1 S COMPANY
t s . FEDERAL TAX
! 0 SPECIALISTS Ji|p!
fell’ ACCOUNTING
COST ENGINEERING >jA
omm APPRAISALS (Mw*i
Cha* P. Don.) E. Uuzcr*.
DONEY-ROGERS CO. Inc.
BTH FLOOR HUME-MANSUR BLDG.
Bell iPhone, Main 6416, ESTABLISHED 1917. Automatic 23-144.
that we hold separate closed neetfag**
this afternoon.”
CONTESTS PRINCIPAL
CONVERSATION TOPIC.
The motion was carried by a unani
mous vote.
Candidates for eSark
shlpa and doorkeeper positions were nu
merous, but members of the Assembly
appeared to give the subject little con
sideration. There was no talk in the
lobbies about proposed legislation. K
was all about the contests in tne two
Houses.
In opening the meeting, Mr. Branch
pointed out the responsibility which rests
on the shoulders of the party and de
clared that a true victory will be the con
fidence of the people of the State in the
party after the Assembly adjourn*. He
pointed out that Democrats are declaring
the Republican majority is unwieldy and
that a split is sure to come, but he de
clared his confidence that this would not
happen.
Mr. Wasmuth told the members of the
assembly that the people are not in
favor of a great deal of legislation but
that they desire a few laws carefully
! worked out. Still talking on the sub
ject of harmony, he said mistakes which
will inevitably be made will soon be
forgotten if harmony prevails. He asked
that when leaders are elected lit the
two Houses the members forget their
differences aud get behind them.
Senator Duncan spoke briefly about
■ the work of the legislative visiting com
mittee.
''T% requirements of State institu
tions will be larger than they have been
m the past because expenses have in
creased as they have everywhere eise,'<*
he said.
APPROPRIATION BILL
TO BE READY.
He said the committee hoped to have
(he appropriation bill ready to present
| during the first few days of the session
; and that it will endeavor to have its
: report on (he desks of the members some
time in the firs; week. He said he hopes
the ways and means committee of ths
i house and the finance committee of tha
I Senate would get together before the
j presentation of the bill, so that action
j could be harmonious.
One of the features of the meeting
was the presence of Mrs. Julia D. Nel
son of Muncle, the first woman member
lof the Indiana Legislature. She was
given an ovation when she answered roll
call.
At the afternoon meetings Senator An
drew H. Beardsley cf Elkhurt, expected
to present to members of the Assembly
proposals for changes in the "rules of
both houses. The proposed changes are
set out as follows:
3. That each bill introduced shall
be accompanied by a brief explaining
the reason for Us introduction and
what is hoped to be accomplished, if
enacted into law.
2. Any bill that proposes to amend
an existing statute mnst show the
changes in the present law by hav
ing the new matter and the words
deleted frem the old law so writtea
or printed that the changes will be
apparent without looking up the
statute to be amended and comparing
it with the bill.
3. That n'o bill shall be introduced
after the first thirty days
the consent of three-quarters of
House in which it is introduced.
4. That ail bills introduced shall be
printed or mimeographed at once so
that all who may wish may be sup
plied with copies.
TRACY TO ADDRESS AD. CLUB.
The Advertisers Club on Thursday noon
will hear Robert E. Tracy, diractor of
the Bureau of Municipal Research of the
Indianapolis Chamber of Commerce, on
"How Coties Get Their Name Across.”
Mr. Tracy wilt speak particularly on
what city governments throughout tho
country are doing in the use of pub
licity to make themselves more favorably
known to their citizens and incidentally
to the country at large.
PASTOR GOES TO NEAT PULPIT.
GUEENSBURG, Ind., Dec. 15.-Rev. E.
8. Lewis, pastor of the Clarksburg Chris
thin Church, has resigned in order that
he might accept the pastorate at Char
lottesville, which was tendered him some
time ago. His resignation has been ac
cepted and he will leave for his new field
about the first of the year.
Said for this Book
“GETTING AHEAD’
This fascinating book is the
story of Peter Perkins. It tells
how he started in February,
190S, and in ten years accumu
lated $10,511.62 by investing $25
per month. It tells what securi
ties he bought, the prices he
paid, and the income from each.
Thousands of people have read
“Getting Ahead” and now fol
low Peter Perkins’ plan.
The Book Is Free
Write for It
Write for it today and we will tend
you a complimentary copy of “Getting
Ahead” by return mail. We will also
put you on the list to receive our
special New Year ottering of dividend
raying stocks, on a plan that will
make 1921 your banner year.
KRIEBEL & CO.
Investment Banlcers
* 157 South LaSalle St. j
CHICAGO
fH K
BACON
Pearsall’s'
OLEOMARGARINE