Indianapolis News, Indianapolis, Marion County, 14 October 1920 — Page 36

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THE DTDIAXAPOLIS NEWS. THUESHAY. OCTOBEE U. 1920.

HIM I DEALINGS

New York Stock Prices

TtKMMca * MdStamoa* Ws

AJa*. Cold .» Am. Age. Cb.

Beet %af. C. tcT. . .

6»*b '' kuft. 1 >4 **

HOGS LOST; FIRSI SALES UP 20C

Some Prices in England

—

of die

STc

iMPROVED

Prices

CoTjJp.

. Cot Oil Calf ....

Am. B. * L .

A*. 8, Ac 1>. vi&.mi, mmmrtem lot— 4<> -* A». Lft«onotjv«. JMU*, A». IK»ehiii» .. 3# Afl*. #a«ar IM

134:4 U6% 134A* 18' | ONE

. *5'»i 32!, 82% »%{ 78." 73 71% 78

34** 34%

J An. *t«ri round 1 am T. 4 T. H

»f ttroBtjr And a*'« Am. tttvt *r»

w** 94.Z1, up | Aam*»g

Am'. 4mm. T*». A«. VTof^MH

A». Dru,

of tw#nfy

'VP J#. ■

hoodf,

Ife:

“S fnwm

to 1% point* Nickel

of y«rt«r-l*r • •tron*««t

Wt dt»t ro<«t Mid Ht Paul J*rf» fr««uofl. Kscduuif* 3 »»d e*4JtHi«ntat Europe l«4*ffW#i»d# »n»mf«#t«d toy “5 toward fb* firmer trend of

m&nAr market indlmted a trane-

©f eixMJtnatlr# to the »ewwi»t Call loan* opened at W»W the btabrat opening qaotn many weak#, hut favorite continued to advance. Mo*

nenta and aarar* I of 1 to 3 tM/inta.

iwar*. Lack aw an o a 4 •£SS3ii~ Atlaatfe Oaat L4n« Vanael. Conaotidated Oaa and

(&MM ' ' :

ehlPIrinfa yielded to prea. Iday. ruaction* of 1 to 2% ratratfum and ffouaton ifidaetrtat* eased *yrn ut headtn*, and Bald^ra*!^ b ** t i of tb* aaaeton werr [5^; wr; •td. motora and Junior mfromlnent laeties. The

»%

• t . 74*4

w, °‘ i

srme: S5 k. 4 i p. r 7o% c, a. i. 4 r. a’ #3% CbMMf Cotwr 73 % CWks Conp-'r .. 13’, I . (hm m%

*7% - r«> lS^ ld3%

34%

144

144% 34%

LOCAL KILLER OUTHOGS LEFT UNSOLD.

1 t—V) < *»t rate

Cood fa

CATTLE PRICES TEND DOWN "’-S'*'-?*

The prusn are worth 130 to 100

Receipts of live Stock

long me- *» aid win Th«raday^|g|{^*

(3M#a.

!>«. 1J.£

118* 40%

14-—Steal*.

|| | ||./|:

features

r ope a in* of rail# repreae. ftepabllc v«. Mexican

Htneliln*.

Product# made

from aubatantla)

«x% W*&

s% 311%

Coaeot. <3 Cbaadier

CM. ruel

CnMttot* ateei

IWICtom Prod. Nickel Coh» Ceos 8t is rtiejiJ

e«

Tr^ 7 *'*

41% s%

?4% 1

18%

83 I

«%

132 »

88%

34% i

- , . . 7o!lo*rin# n » rtatee 3©% f Ja^*naoob» £ve Moca *w*d»F 0.30(1 »*- ?»23 $*•.... 3.a9»«>

of reearpte at

'CMvea.1 4^X> 3.317 484

1EAI CLOSES NERVOUS, 1-2T021-2CTS.LIMI HEAVY SELLINGS ATTRIBUTED TO EASTERN TRADER

f . - ■ --

CORN CLOSES UNSETTLED

PRODUCE

of price* of aura e to the dmereaca

his dealers. I polls lobbers strwtiy fresh

shippers few strietijr I at Indianapolis. 58c ■OCLTET—siob^-a*’

batter and in «oot»erttxa ooun-

dehT-

3J70 CM* 4.180

84 004 Ih.zm . 107.7'## 14.19?

1I«

2.3«2 IS!

M «• »g|

';«» i*»!i

“Hr.jK'r * 3*7 741 343.000 3.041 183 *13 130.7k* &d 03# 177.032 102 4.72?

Doe. 01.039

«aaw day lart wwek

Elerea Market*—

-V # .

mam*

M ■-

1 4«e Drachma* demantToikie

*m Montmal. 10

riwS !1.P3<*

. IAS*, L «*dbM|e

HI pur twnl : bank aceoptan^w*. «%|

rrri:’

New

per oaat..

mrJSHS.

‘ car*.

0 per cent ; low

Outoher !4 I rata* «hart

moatti Wll# 0%

SarS ->4Baehan#« on itunea Kl*« par I me* Tbs dollai

ufnTS

cMittme*

l^»n-

. cent, dollar wa«

li*r Wlrer. New lark. aON,r.

t*. foivim

JAr-Sar ativar. do 8£> % c T Ml mrn^m

letleao dol-

l.nadan Mar NUver 1.0XD05 CMolwr 14—iwr ailvar. 55% 4

b la M*w lack. 1 8y Tbomion 4 MMlUmon a Wtra) . Ik totwr 14.~.

wnjfjon, , . iWfl*ter«l > 1, <VU!port. . ’ Hfiatarad, reilateml

“«r~“ is

Oiirwan ktaeka.

4 MeKinannS Wir*

» MettinnonVi

Bbor U~

IL1 Jl 1'*

r i]

USTOt

.rS" US'* iR: ...ims ib' 4 iSi:

"C1«S».

®»% «o% ii% ii%

Mae: 4b !3%sr rt , . : lli* *#• atr ftoutb , 34 %

Motor 1st pfd. Am com... ISf!:: 1 •SLr*:

S'* je% tio 51V* 34% 88% 17% 43% 77% Mg Ss'

47%

■If ll >«" I’, •sn

*W«

T - ». 0»t#«d# support wa#.. ike one factor

18% foatributinic to an advance (n price# of boa# on tb# opening market Thuraday. Klnaan 4 Co. were trot lQtere«ted at tbe h»*h#r rate# and tbe Mtuatien then rapidly arew weaker A# early a# 1* o colck ho*# were being offered at lower price# than tbe opening level and #ab»#ouently light boa# were brought on

a basis of. midweek price*.

Lighter froeb receipts of A500 hog* with only about 7*0 layover# would

43 ■ 77%

35 14

& S'*

2% 0%

80% 187% 18%

48%

Soutlwrn T#'i

3? ■ sit 1

Ftwlttet# «d%

ptmJBmt. (hi. n% rtiiwd lYuit — tn:, I: V ’S&S*:: , ?r t'tab CiptK# .... 57% V. » lad. Alee. . 84% f» K" i:'???: V* -Car. Ctoetti. . 5# % Weatlnghouee ... 4d% White Motor*.,, 46 Wsbuidi old. A.. S12% West. Union Tel, 85 wntyaOvertand . 10% Worth ibimp . .. 38

ft !?s 73%

87% 108% 78% 30% 85 130%

205 % S«% 88% ,it*

C'otWHCol*

gt«k Eutotm* .... Ofciaboma 8ft \ Fonumn ■ Pla#*! ■< FtfMML C## PtoB. Pal. Car West MsryUtwi , issdja w#

to % Miv,

ITT'

LIBERTY BOND PRICES

NKW TOR* October 14—Liberty bond* •Inwel: 3%*. 0330; first 4*. 8030; swond 4a 80 10 find 4%#, 89.50: nenond 4%». 89 14: third «%«. M3« fourth 4%a 89.18,' Victory 8%•. 90.00; Victory 4%s. 00.02.

COTTON PRICES HIGHER.

INDIANAPOLIS CLEARINGS.

mrina* ...

Bank of England Statamant

I/IKIKIK.

meo t of the

Itowtmf «h« rtMo'ooo;

toulbwn.

•lenretieeu «. *>reai#d 13.0 J^TfS.OOO

SpM^P

•ent.: lat «*( dlUKOi!

ifagjgifa:

i.MKM'Pi

to ha

last unt.

waa 8.1 pm* ernt.

neat.; rate

Bank of Franca Statement

■M|M#

net bifber on tbe more entire

Trade Interests were amon# the buyer*, while there was active profit takta# by ntemU sell-

er# and <xma»dcr4ble buytn# lor reaction

Lata forenoon rallies of 00 or 70 point* from the low levels of the moraine were fojlowed by slight setback* around midday owing to a more favorable western belt forecast than anticipated aud report* that another of the New Bedford line goods mills was to curtail production. The seibug however, was much tern active and wtirmelve than recently, and tbe market Armed up again early ip the afternoon (m renewed covering and trade buying. December sold up to 81.05c and January to 80.35c. or about 105 points from tbe early low and 05«78 points above last night's closing figure#. The census report showing domestic mill consumption of 457,047 for September, against 401,000 last year, waa about a* expected. Tbe mere threatening position of the British coal mining situation seemed to have hUle Influence after the first decline, and 4 the early afternoon advance was promoted T by report* that banking interest* were considering measures for easing credit* to farmers. D.'ccmber contracts sold up to SI.06c. or 105 point* above the early low level ami 73 points net higher on continued covering

14—The weekly »t*»eOf France show# the fol Gold in hand, increased silver in hand, increased note* in nrcnlatien. deJrancr treasury deposit*, francs: general depoeii* O fr*iK»: advamra. in «m<d: bin* dtecounhPd, „ _ _ franc* There were no advaow* to the state stmtmmmA. October 14.—Tbe to Hew of the condition of ihe Bbsr It; •Ttlls

mmm

TERM NOTES

City Company} P 14-

Bid.

SaET^ft,

S^V.lwJ

^S&'sAW |s

MOT •at - 9^ if iPsS 1 : ipj!; V s -!r? ■ 15, 1930

r. L 1934

.16. 35

iy?

li&lE:::: mMfi

Uavertag and Trade Boy lag CeoUnae—-Better

Credit OsUeeh.

NEW TOBK October 14,-^4UU lower pncn> were reached in the oatton market at the opening today as a result of weakness In Liverpool, depressing good* trade advice* continued favorable weather in the belt and a renewal of southern •eUlcg Tbe first quo Ution* were 35 to 60 points below last night * otoautg figures, with December selling off to 30.00c and January to lt.22c. An active demand was encountered on the besi* of TO 00c for December deliveries, however, and

tbere were sharp rallies during the early trading. with December selbog up to 20.50c and January to 19or about 10 to 27 points

positions.

and trade buying. Offerings increased thi* figure and tbere was some southern selling on reaction of 35 or 30 point* from the best. Tulures closed weak. October. $30.mi December. $80.56: January, $19 75 March

$10.45; May. $1935.

Spot quiet; middba#. $22.50.

day. J01 ft

8«ae day 1918. . Wv#k thus far,,.

S iSlii; *“■

«ame flam Ifli...

8am# uaae. 1917.

50 500 Ir f»

339.000 : 400.000 |

.28.071.000

aim mo 20.094.O00

$1-98 a bushel

to 78 sfaiULogs a euar-

mot,. .17 a

^CMw bay M abeut *1* » tarn S4AJW a| Oa#s. 55 shillings to 00 shillings a quarter. . CHICAGO. October 14. — General oAmmt* a bnsbrl { buying;, partly on seaboard account. "*! ol> p***- *Mginf» » seam <20} turned tbe wheat market upward topewadsi dead wesght. 47% eaats a pound, f day alter some depression at tbe ahUhac* *? 45 openin*. Early declines were escribed $31 *0 to 56400 a ^ lo b<uu ' ilh Tlews taken of the *ov-

is&n&srjsru&t

Phtoel <Grade' i*. 4 4 pemues »i a * air 9®ount of export business was 70 eeabe a gafiea. 1® progress, , Opening quotations.

bchtmg piaat. 4X33. $472. MBt. £8 to £20 $27 to $70. smt 73 mtl&ngs up. SIS 1C

which varied from unchanged figu . to l%c low*#, with December. $2.0:

.^r,2

farm thanJ claas. 1%,

i , t °, TheaUrs. 12 mdb "Tj« an sserigace loans, • per osme 6

ssrtgg:xj?!jr,tSL. 0*1. 03 skilhart a 'ton. *11 a ton.

tawdatepeauig steady; other grades.

l*mhs to oty

$12.40: balk $11OO«12.00:

dtosee wmdsrws let# mtordar $13 00 ■

ew*i. *3.75; bulk, *3JI0«5..75.

to $2.*$% and March. $2.04% to $2-03. were followed by a moderate setback

h#v# been # strengthening influence if #1! buyer# had been operating but with King-au out, tbe reduced supply was too large and only about 1*00

hog# were seld.

Th«

top price, $10,15. was paid for a email drove of good hogs weighing more than 25* pound#, and this, as well a# a little lighter sort that sold frequently at $10.00. were lie or more higher than ou Wednesday. Ntill lighter kinds that sold usually at $tS.7S to $lfi.X5 were fully I0< higher than on tbe day before, and nome of tbe hogs at $11.7$ were no better than others that sold at $15.50 on the midweek market. Some of the hogs at $15.15 were like those that sold at $15.00 to *lfi.«3 on " ednekday, and several buyers admitted the average costs of their Thursday droves were 16c or more

MMjbag,

The strength In prices of good hogs wa# supported by a similar advance in prices of throwouts. Extrs good heavy pig# sold up to $15,06, but $13,00 was regarded as the practical top price. One drove of extra good sows sold at $14.75, but $14.50 wa# practically the top price, and mo#t of the good sows brought $14.25 to

*14.39.

Top price. iSiAMfi

heavies all weight*

Mixed toad*. J0O IbgL and up

Assorted

a s is a ■

Uniform. 223 tb* up.. . Pst JkOj^s. weighing down to fat hack pigs, under 140 it*

Light pig*

Sow*, -iwicordinc to Quality. . Mo*t of good sows kale* oo trtK;k market Bast heavy bog* a year ago..

light bog* a year ago

Mid 00 010 00 id 15 *3 >4110 00

Sid 15 15 73 15 05 LA OS

15 75 _

15 75*16 00 15 00 <8 15 50

15 05 14 50

13 00® 14 75 14 25*14 50 15 85 tt Hi 10

14 50

Best sale# of hogs a year ago 14 85d 14 33 "Just as bad as Wednesday and. If possible, worse,” wa# the general verdict of cattle salesmen concerning the Thursday trade. One trader of long experience said he had never known of a time when It was more difficult to sell cattle, regardless of price. He did not find much change In price# from tbe midweek level but could not have made a clearance except at # further sacrifice. Heifers are still showing more strength, relatively, than other cattle and the prices for steers and cows are now quoted from $1.00 to $2.00 lower than they were

ld>£t

With the lower rates, local killers have not increased their support as compared with purchases earlier this week, and the demand is still subnormal for this time in the year. The receipts of cattle for four days were 1,100 smaller than the same time last week and 1,000 larger than a year Calf buyers delivered a solar plexus blow to prices on Thursday. Odd sales were up to $17.00, but the practical top price' was $10.50, and calves that sold at $10,00 were $2.00 lower than some of the midweek sales and $3.00 or more lower than the final prices last week. Heavy calves, from $$.00 down, have shown a corresponding decline. Asked why prices for calves were so much lower, a dealer said: “On account of the price of hides. Calf skins now are selling at 10c a pound, against $1.00 a pound in war

times.”

The adverse change in prices of fat cattle is said to be responsible for a practical suspension In the country demand for feeding cattle and consequently a lower trend iw

prices. Cattle.

KILLING STEKRS—

Kxtrm good. 1.300 lbs. up. . .$18 50817 00 Good to choice. 1.250 lbs. up 15 00^10 00

Common to medium. 1,280 Good U to dicios. i.100 to

1.200 lbs. up Common to medium. 1.100 to 1.200 lbs. up .M ■

Good to choice.

1000 to

Common to medium. 1000 to 1.100 lbs. UP _ i _. . .... Good to best, under 1.000 lbs. Pom* to fair, under 1.000 lbs. Good to best yearlings. ....

13 5O«10 00 IS 50f|15 00 It 004113 00 11 00MIS 00

s ™ i? sssd s; 10 00«13 00

Near Orkla* Osttas Pstafes. I By Thomson A McKinnon a Wire}

—October 14—

January March . Se ** Jmly . • October December

Ctosiag

Bid.

. 10.58 . 19.30 . 19.05 . 18.83 . 30.50 . 10.00

January March , May .. July ..

New Verb CVsttoa Fvtare*.

I By Thomson A McKinnon s Wire)

—October 14— Spaa SuiV Low. Ckwe. . 19215 30.35 19.15 10.07 . 19.10 20.10 19.05 19 50 10.06 19.90 lft.03 19.40

Common to medium. 800 Good to taA toder bOO lW: Common to medium, under 1 TowtGood to best. 1.060 lbs, un^ 1 Common to medium. 1.060 Good to cboioa umiw‘ 1.060 )* Common to madiW * under 1.050 lb*. Poor to good cuttor* Poor torood caawrs

Go^dto^tl.SOORto. up^ 7 OOg * 00

Good to cboace. under 1.300

7 00« g 00

. .. 18*5 19.40 18.80 19.10 .... 20 80 21.60 30.78 20.78 20.07 31.05 20.00 20.50

Livsrpaal Cattaa Lower.

LIVERPOOL October 14—Cotton—Sr*t. in moderate demand, prices towes*; good middling, 18.274: fully middling 17.024; middbng. l&AMl low middling 11724: rood ordinary. 8.53d: ordmary. 3.58d. Sale#. 3.000 bale*, indudtog 2 400 American. Receipts, 4.000 bale*, including 3.800 Amen can. Futures dosed steady: October

January. 14.53d; March

14004 : July. 13 91d

— 14.83d; 14^14; May.

WAGON WHEAT PRICES.

—October 14—

Indianapolis 'flour min* _and grain

tom are paying $3.00 tor No. 1

for No 8

$1.97 for No. 2 red and $1.92 red Other grades on their merit*

red wheat.

No. $

a#?

7n Apr. 1. 1926 95

roLux>. 0.H01-, .13.36; MW

DULT-TH. October It.—yiaxeeed On track and to arrive, $7 94: October. $2.95 asked; November. $2.96 asked: December. $2.97; May. $3-08 tod. DETROIT. October 14.—Prime red clover seed. $13.50: December. $14 00: February $14.35: cash and October Alsike, $16.75,

timothy, $3.25.

CHICAGO. October 14—Timothy seed. *5.004$050: ciorer seod. *12 00«20.oo.

8 OOM • 00 8 004111 00 5 O04| 7 00 7 60M $ ff O 50© 7 00 « »0© 7 60

ft 00 4 OO 3 00

0 00 5 00 4 00

1.900

Good

Pmr to medium, under Comm<«J«»®® d 9o*Nifl»^^ice veato. and,

• 221 « 80 * 00# 0 00

^2’Wy^T.T^ 10 00613 0^ Good to choice heavy calves 8 00© 9 OO

to medium heavy

Good

‘l&ScKRas AND rasbiNG CAmSSLl 50

Good to choice «toers. 800

Ibe. and tip • • • —

Common to fair steors. 800

to choice steers, under

(Smc^to lair etmirs.' under

800 lbs. .. - - - - --•■-*

Medium to good heifers Medium to good «"*»;- - - Stock calves. 250 to 400 Ibe.

8 50© 9 50 7 00© 8 00 8 00 © 9 00 8 OO© 7 50 5 50© 6 50 4 50© 5 50 7 00© 9 00

The market for live mutton stock waa a duplicate of the midweek trade. Onlv 500 were received, and the best iambs sold at $11.00 and the best sheep at $4.50.

Good to choice

Good to chosen ewe sheep.

to madbt

4 004 4 004 3 004

lambs . Good to

150 lb*

111 OO 110 50 9 60 4 00

Chknge Live Stack

CHICAGO. October 14 (O. S. bureau of

market*).—Cattle—Receipt*, 11.000. Market stow; early steer salm steady to strong; bulk, good and choice. $16.50© 18.00:

-mm nr — 'an an. --—«— -

butcher

6TS:

mostly. $15 AO© 16.00: $8 50 ©1130; stockere and

westerns. 2 000, 90: active mostly

with yesterday's avwrmgr; ' top,

$15 *0: bum. light and butchers. $15 30

16-80: bulk, packing sons, $14J0©14A5; mmSEsfa*.»«<» ^

#15 SO: bam.

all araund. atad then by an ascent to

well above yesterday's finish. Later, tit* market weakened de-

cidedly as » result of heavy selling attributed to a prominent eastern trader who was said to have been long. The close was nervous 1% to 2%e net lower, with December fS.#7* to *20*. and March $2.92% to fi.OJV

In cora there was persistent buy-

ing on the part of strong commission; house*. After opening unchanged to %c lower, with December. 5«%c to **lse. the market scored slight gains.

Aggressive, selling supposed to be

| for a Mg New York trader led subsequently to a decline. - The close was

> | unsettled %c not lower to 2%c ad•TMKM HVC STOCK MAKKEfa i “^fh December at $*%c to

LAfATgTTK. lad, October 14 —Cattte— f m'

*t heavy shiDDtoc «u*r. 1 *r». Oats hardened with other grain,

off. D<

butfher*

l: fad

teWjti’s?*, . $730«93O:

1,800 to 1300

I 0**1 to

1 **50 *- to*;® wv U|rtot boV: 6 <fr

»500©7o2r*,*3lo "bZST »5 00"Sa3^ iYa f^.OO: dsmee voal calve*

TojX) ©14^0:

fo oows oo ■ butcher »•«,»»

. ro n.

$8.00

00 ©0.00; fair $530 ©7.00; choice © 7.00; caiussr* and fair to goto cow*, cow*, each $75.00

milch cow*

fI.««w.wT gg^rfSieTg,

" " ^ •’Mw— 40*sy.e»^s, »- $15 10 - 275 to 300 lb.

iSfe , sr l3 s,^' S S^fiporSoii - Iff? to 250 li»~ $15.30.

E ,b ] (

J£i tn-.«r 7se

AjOO. Stow and uneven but mostly steady

beef ateere. $14.10; good

ffsrtiag*. $15.00: bulk of she stock. $6.00© i^odma^T'* mo,tl i r $4 00©430; cutters.

ton -on Testers.

mosttv' 4 ^ ; uneven bat n>o»Uy stooag to 15c higher than yesterday's srspaga; • p-.t* up more: top. $1530: bulk ■mOium and heavy $14.76©15.25:iuto ii5 ST LOIHS. October 14 < United State*

of market*!—Cattle—^Receint*

4.<KK3. etoers steady: top steers SS14.50* balk. $9 00© 1 r<«^ yearhng^toer* Ito

easier at $3 25

heifers, eatier; oanner'cowe Ho *»—Roceip® 5.500:,SS $530: balk. $4.50© 530.

EVANSVILLE. October 14.—Caitte—Re-Ub«-al; stoeto, good to . ho»-e, *7.75© 939; hWera. good to <hoi«r. $7.00©9.00. Calves—Reccipla fair: market slow and about steady: quality poor: ntnetly choice calves. $18.00©14.00. Sheep sod lamb*— Receipt-, fair; marker $130© 1.50 tower; choice No. 1 lambs. $9.00©10.50: lat sheep. $4.00©5.00; buck*. *4.00 down. HogV--Ueceipts. light: market 35c higher; heavies

and nr ' *

M5 75 heavy Pig*. !

LOUIS VLLU5 October 14.—Hogs—Rn-

. *15.75:

starting a shade to %©%c oC December. 5Cc to if%c and then making

an advance.

Provisions were strengthened by forecast# that the warehouse statement November 1 would show a big decrease in yfocks of lard and meats.

1 ttw a w 'me, '

By n.onwSf A MvKiamm * Wire)

—October 1 t —

WTULAT—Opeu ^ !S5 Ms.- 3 04^ COHN— Dec 80 % w S? 1 * May 91

90**

QATSH—

Dec. 56%

srg-

Doe. 1 63%

PORK—

Oct. 23 50 Nor. 23 60

LARD—

Oct. 20 00 Nov. 10 37 Jan. 17 OO

16 97

RIBS—

S: isiii

? h ,k

Low. 2 04%

S 06 % 3. ©0

I 07 % ? sv

tn%

85%

»6-n #6%

91*4

88% .

90% 90%

56%-

55%

561

60%.

00%

60%-/

1 65

20 50 20 15 17 30

1 62

30 00 1ft 87 16 97

*A*k

15 45 1515 ffiwm:—

1 04% 23 50

20 45 20 15 17 30

17 251 15 45*

try^

POULTRY—Jobbers’ btsym? prices for poultry, dettvered at Ind.anapolis: Fowls. 4 lb*, and up. 24 © 2oc:towkk under 4 lbs., SOe: broilers., 1% to 2 lbs.. 33c: sorui#*. 23©34c: roosters, 17c: turkeys. 35©4dc: 18c: spwag ducks. 7ftc: geese. 18c: squabs, a doxeo. 11 Ibe. to the dozen. $6.00:

11 lbs. to the dosen. $0.00.

BUTTJIK—jobber* baying prices for Tjeking stock, dehvered at latbaaapolia 33 6P«&c. Jobbers selling prtoe for cream-

kmburgwr.

ported Swiss, $1.00 a lb.

NEW YORK. October 14 —Butter-— Stosdy: receipts. 8,283 tab© creamery, higher man extras 00©60%e: extra .92 score!. »»©a#%e: packing stock, current make. .ii 36 % te X^/Egy*-—Irregular, reewpto. 424 cases, fresh gathered .extra firsts, 67©09c: firsts 03© 66c Cheese—Unset tied: receipts.. 15.424 boxes. Houltry—Uve. irregular: chicketm by freight 26©37c: by «wesa. S«©2Sc; fowls. 30©30c; roostebs. 2*>e; turkeys, 40c. Drmsed—Irregular; western brotlsrs. fresh. 39©50c; reasUag chickens 35©50e; turkeys, fresh. 40«5<v CINCINNATI. October 14. — Butter — Creamery. 61 %©«;*©«; fancy dairy.

September Cotton Figures

4 lbs

sad up. 30e: 4 lb». aod up. 34c: 20c; bratlres. 3 lbs. sad up. 22c: .2 lbs, 30c; rooster*. 18c: docks, old.

II US? SSjrtLTS 83c. first a, ^>c; ordinary firsts 58c:

serands. 63c: lore off botes. •

LAFAYETTE, lad October 14 -Psckws buying prices: Butter—30c. Eggs—52c Pouiuy-OM cocks. 13c; fowl*. ftTbTami over. 30c: under 5 lbs.. 23c; old tom turkeys. 25c; hen turkeys. 30c; ducks. 17c; geese. 12c; fancy stock worth more; spring

thickens and fowls. 20c.

CLEVELAND. October 14.—Butter—Rr- * r «* m f 0 * 60 %«: ft™***- ^ Sc. «r^j»8©5g%e: paduag »i<x-X. 42c Rfegs —Wtartera firsts new cases. 59c. Poultry— Live heavy fowla 23©30c: light. 25 ©28c;

fSSjrSrr.

mpt*. 4.044 case*. Poultry—All vs. higher: fowls, general run, 21c; springs, 34 %c; tur-

keys. 40c. *

ducks. 26c; geese, 56c. Eggs—55c.

20c, Butter—Creamery.

ts. 1.400; best 165 lbs. and up.

to 165 poutos.

i2L£. 1 8 l B S?%.*SS£, , @ Rif? thrdwouts. $11.50 ttoifjLW 1“ ~

X' 9.00

Calves—Receipts,

. * UVWV, .00 if 400; best veals.

100: best

86.00 ©7.00:

down: bucks, *3.50,#town.

lllUmtfg;

$18.00© 16.50; roughs. $13.76©14 00i Ajwdil.OO. Sheep and lamb^—-Re-ceipt*, 3.600; lambs slow. 26c lower; others DETROIT. October 14.—Cattle—Market

, £L; 00 « ll - 5 2i

butchers. $o.^0©8 50; best cows, $7.00© Z ~>- ctjmmoa raws. $3.00%4.00; best heavy buUs. $7.00. Veal calves—Market dull. 50c lower: heavtoe $6.00©15.00. Sheep and

Pigs.

slow: lambs. PITTSBURG, in!.* i <um•

Hires—Market prospects, steady; $16.00; mixed grades. $15.75.

CT^qNNATI. October 14 _Hogs~Receipts. 5,000; market, slow; steady to 25c toW $16.00 © 16.23. common to jkoice. $10.00©14A0; stags. *8.00© 10.50

-Reccip*?. 1.300; market, slow and

1 C i' t ? b T 14.—Hogs—Re-

3*P**' 1.800; market lower: heavies and heavy Workers, $16.00©16.75; light York ere. *16.«00: pigs, *15.75©lO.OO She^tnd lambs—Receipts, 500: market sto^; top sheep. *7.75; top lambs. *1325 Calves— ReeeipU. 150; market starely. top. *19.00

Hmsmsb A MeKianos's Grain Letter.

Wheat—Southwestern advices to the effect that country offerings of wheat were larger were more unanimous than yester day. This item was responsible for selling whio^i appeared to be in the way of liquidation. Offerings were absorbed by a scattered demand and included in which were cash handlers. New export demand is reported slow, but there is fair volume of interchange of cash wheat on previous foreign sales. The government estimate of wheat reserve does not include flour. The figures given on wheat alone. 608,000.000 bushels, suggest only a trifle over 10O 000.000 bushel* remaining for exports the next nine months and carry-over July 1 next. The bght stocks, the small movement and the premiums for the cash article give a good baas for the December delivery. Corn—There were liquidating sales in the early cora market, together with more or leas selling by those who believe in lower price*. The later market was affected by a better demand for cash corn, not on©, from domestic distributors but from seaboard exporters. Premiums on current arrivals were advanced from %c to le. It is commonly accepted that the total crop of all feeds provides an enormous surplus m the long run, but at the present time the farmer is not selling the new crop freely and ha* stopped offering his reserves of the old crop. Because of this immediate condition, we are inclined to behove that market is entitled to reaction. ^ _ Oats—Booses with eastern connections were again buyers of oat* bat the market is not yet broad and displays no independent mctioti. In 'his market as m tbe corn, we .Tribes. ‘ipgzhTB We beheve ©ri# asastafi will sympathise with any rally in grain, although we do not new

it as an investment proposition.

Cottoo-At the o^remg oor ^Uon markrt was unfavorably influenced by the news from Borland that tbe coal miner* bad voted again lor a strike, but the weakness wa* of Short duration, for it soon became apparent that eon tracts were in demand. ™**'* r - ket had been not only oversold, creating a strong pit position, hot priest were carried below figures justified It must not be foerotten that while report# are poor, supply fourth* year will ^moderate, it will not take much of a twwrrml to create urgent conditions in the marhqt On weak markets cotK ‘st^ke^-’^d^s*w»nefc. market with ail its dultmaa and featareteas trading, is nevertheless full of sigmfiewoee to the observer who is willing to look beneath the ^rfare. Ws have had a week of tight money, of high interest rates, a uniformly hcan*h run of new*, a real panic m Cuba Thm prospect of a coal strike in England and an eodtee* recital of manufacturing rurtaiUnent. And with all thia the stock market acted as though It was resting on a Gibraiter-like foundation. There are many weak spots in tbe stock market which is perfectly natural. There are various lines of butences that have been overdone, overexpanded It win take a little time for them to readjust their affairs to a norma) Kate*. This would apr’y at this time to the motor industry. The equipment companies on the other hand have a bright future before them, and the ratto are unusuai ly favored, and white hmitod in earning, that hasit would lustily a higher range of values than now prevails for most of the issues. The entire market acts as though them is a substaaflial short interest present and with the first sums of easier money, *

new upward moveenent stay follow.

Chieago Cash Grain. CHICAGO. October 14.—Wheat—No. 2 red.

S. $1 80 Barley—

I'ork—Nominal. Lard—$20.60:

New Yack Grata.

NEW YORK, October 14.—Flour—Firm: spring patent* and Kansas straights, *11.00 ,fT U^O; spring clears. $9.60© 10.35: winter straight* >9.75© 10.50. -Corn meal— Dull; yellow and white granulated. $3.60© 3.70. Buckwheat—Dull; milling. $3.40 per 100 lbs. Wheat—Spot, firm: No. 2 red and No. 2 hard $2.37 spot c. i. 1. track New York, and No. 2 durum, $2.29 c. i. f. to arrive. Corn—Spot, firm; No. 3 yellow $117%. and No. 3 mixed. $1.10% c. i. f. New York, ten-day shipment. Oats— Spot steady; No. I White. 6d©66%c. Hay— ~ ' * 1. $1BO©1^0. Hops—Easy:

Quiet: No.

Pacific

coast 1926 w U,. ww Pork—Easy;’ mess’. "$30 00 ©31 *(5);^'family. $48.00 © 53.00. Lard barely steady; middle west. $20^0 ©20,00. Tallow—DuU; special loose, ftc. Rice—Quiet: fancy head. II©13c; Blue Rose, choice. 8©8%c.

GRAIN MARKETS

MINNEAPOLIS, October 14.—Flour unchanged to 20c higher: in carload lots, family patent* quoted at $11.50© 11.70 a barrel In 98-pound cotton sack*. Shipments. 50.406 barrels. Bran, $30.00 yffeft^-Casb No. .1 northern. *2.16*4© 2.18%: December. *2.11%; March. 2.08%. Gorn—No 3 yellow. 80©90c. Oats—No. 3 white, a0%4ta0%c. Flax—No. 1. $2.92©

2.94.

■ CINCINNATI.

October

14.-

Wheat,

09c; No. 2 yellow. *1.00; No. 3 yellow. *® Uow - 86©08c: No. 2 mixed. 06©97c: No. 3 mixed. 95©97c; No. 4 T^^ 3 J? 95c Oat8-»-58 *4 ©5ftc. Rye— $l-<3© 1.75. Hay—*30.00 w31.00. KANSAS CITY October 14.—Cash wheat —2©5c lower: No. I hard, $2.08©2 15$2.07©2.15; No. 1 red. $2.37; No. ‘2. 2 SSU 58?: Ki 2 SSSrfe'c 10 ’"' ST. LOUIS, October 14.—Cash

SBSc: May. 90 V«»6%7^ $»c t m£.?ic 3 ^ S7c: 1WCOT * CT ' DETROIT. October 14.—Wheat—Cash No. 2 red $2.22: December. $2.11; March. $2.08; No. 2 mixed and No. 2 white. $2.20. No 2 mixed. 97c; No. 2 yellow. $1.02. Oats—Cash No 2 white. 61e; No. 5 ® %T; S’® 4 w »ute. 56 %c. RyeCash No. 2, $1.70. LAFAYETTE. Mid., October 14.—Wheat— No. 1. $2.00; No. 2. $1.07. Corn—New. No. 4 or better, daily delivery. 79c a bushel. Primary Markets. IBy Thomson A McKinnon's Wirei —October 14— •Chi<«. "ft*--®?' 0 ® "rii Milwaukee 7 40 30 1 Minneapolis 396 ''18 70 ... Duluth 284 ... 14 St. Louis 143 46 *82 13 Toledo © 7 3 18 Detroit V ‘-• * - - - 6- • 5 - 10 Kansas CUy 207 5 1ft Peoria 6 .31 40 11 Omaha 168 27 50 Indiana pok :> ...» 31 143 82 Totals ... 1.309 968 895 70 Year 1.585 465 702 83 •Two days. SHIPMENTS \ Wheat. Com. Oati Flour. Chicago . 96 506 270 - 43 Milwaukee 3 17 58 4 Minneapolis .... 180 28 30 M Duluth 1.057 St, Louis 197 48 76 36 Toledo 3 ... 3 Detroit .2 2 4 Kansas City 188 ... 30 78 Pep"* , 4 . . 13 Omaha-. 65 15 30 IndianaHohd 1 53 50 Totals .1.807 689 567 ~I53 Year ago 820 243 526 174 CLEARANCES Dorn, wheat. New York 241 Baltimore 172 Mew Orleans 398 Totals — 611 Cbleage Potatoes Steady. CHICAGO. October 14.—Potatoes steady; receipts 90 cars; northern white. $l.8»iy, 1.75: Mimaeeota and Dakota Early Ohio?. $1.70# 1-80- _________ ' ' ' New Ywrk Cwffee. 7e. - • - - NEW YORK. October 14.—Coffee—Rio. No. 7. 7c: future*, steady: December. 6.67c; May. 7.72c. Argeetiaa Crops Bale From Drought. BUENOS AIRES. October 14 —Tbe wheat and other crop# of Argentina, whn-fa have been threatened as a result of the drought, now promise favorable yield* because of opportune general rains.

CurreBt wtooteaate pnoe# of certain cut* — Sw £ t ^ C 25* r ® Mo. i. 3Te; Mo. 3. 34c,^lou», Mo. X 37c;

Sutets. No, ^ Mo. 3. 14c; Plate*. No.

Indianapohs towing prtoea

, *Fokted papers. 100 Ibo, 75c.

tees* ri lioa.

dealers canto tbe stock dehvered at

S' »».« Rubber. No. 1, 4c.

Auto tires, le

Inner tube*. 3%c.

CyOader and Engine Oil*. OILS—Price# f. o. b. Indianapolis: Cylinder. 41B©76-9c a gallon; engine. 35.9© 81.9c; dynamo. 44.9 & 51 .ftc; turbine. 51.9# 76.0c: maebinr. 44B©ft4-9c; paraffin oil*. 33 Hi?? 3 8.9c. BLACK OILS—Summer Mack. 31.4c a gallon; winter black. 21 Be a gaHon.

INDIANAPOLIS CASH GRAIN. —October 14— Tbe bid* tor car lots of grain and hay at tbe call of the Indianapolis*Board of Trade

wt-m:

Wheat—Through billed firm: No. 2 red. ^Cbra^-Eaar: No. 3 white. 97#98c: No. 3 yellow. 92 ©94c: No. 2 mixed. 90© 92c. Oats—Steady: No 2 white 55©o7c; No.

— Inspections—

Wheat—No. 1 red, A car#: No. 2 red. 2 cars; No. 4 red. I car; No. 1 hard. 1 car; No. 1 mixed. 1 car: No. 2 dark northern spring. 1 <-ar; No. 3 dark northern spring. 1 ear. Total. 10 cars. Cora—No. 2 white, 24 cars: No. 8 white1 car; No 1 yellow. 1 car: No. 2 yellow. 17 care: No. 3 yellow. I car: No. 6 yellow. 1 car: No. 2 mixed. I car. Total. 46 cm#. Oats—No. 2 white. 24 care: No. 3 white. 2 ears No. 2 mixed. 1 car. Total. 27 care. Hay—No. 1 timothy. I car; No. 2 clover mixed. 1 car. Total. 2 cars. TANK WAGON PRICGS.

KEROSENE—Perfection. 19c a galioa. NAPHTHA—V„ M. A P.. »0.4c a catiaa. cleaners, 30.4c a gallon; L. A 8„ 33 9> GAoOLLNB—Red Crown. 28.3c a galioa; •fiver Flash. 33e a galtoa. INDIANAPOLIS WOOL PRICES

bidding 30c a

>r rejected

Detroit Bean*. DETROIT October 14.—Beans—I m modi ate and prompt shipment. $5.00‘a hundred weight. |

MmwmiwHimiHtn

mnntmimwtttmmtnn

! FOR SA1*E—High p-ade new | downtown apartment. We are | in need of money and will sell | this at ifreat sacrifice to net in- | vestor 20 per cent. Priced for 1 quick sale. Address Box 1516,

| News.

buy and sell Bonds

Liberty

ares . -r ih o s., o I 0 M E E R I N 1 N V E S T M E N T S E C U P I ,T I E S rt. ETC HEP ^AVINCS T PUXT HLDO .1 M O I A MA F>0, t_ IS

nimiiminmimiiiHiitui'MiimiinmamiiiimsumiHmmtniiutii'min'mn

| WANTED—Brokerage or inveat- ,| ment iiouae to underwrite or h = sell $60,000 par value stock, repI resenting equity in new high 1 grade downtown apartment. | I Present total net income or Is- | I sue. $10,000. Write. Box 1462. 1 I News, for interview.

Speed Have you delayed sales through slowness in locating papers? Increase your sale by speeding up with a set of G. F. Allsteel Vertical File#. Made for general c o r r e s pondence, special corresponde n c e, invoices, cards, etc. v You are welcome to see our complete line of office equipment— Allsteel Safes. Files, Shelves, Desks, Chairs, Etc.

Main 89

118 8. Peaaortvmaia St.

Kingdom of Norway 8% Coupon Bonds Dae October I, 1848 , The Kingdom of Norway enjoys high credit. We recommend these Bonds for investment. Offered If, a# and when issued at the market, to yield about 7.85%

fftetdur Saviag# A Trust BMg. Totepboae—Mato tail

WASHINGTON. October 14.—Cotton consumed during September amounted to 457,847 running bates of bnt and 37.121 bates of Untere. the census bureau announced today. Consumption to Sepetmber last year was 491.069 bates of lint and 23.182 of Itotere. Cotton on hand September 30 in consuming establishment* amounted to 907.288 bates of lint and 256.665 bates of hnters. compared wtUi 1 067,970 bate* of bnt and 251.IOS bales of hnters on September 30 lost year: in public storage and at com prerees. 8.702.152 bates of lint and 341,975 of J^pored With 2.502.30? of Unt and 227.180 of haters. Import* during Sep*®mbf£ »«« 20.004 bates, compared with £4 ; ff42 a year ago. Export* were 128.068 •ftlw iuriudmg 1 44# bates of Unter*. cornpored with 236.694 bates, including 3.683 of Waters to September a year ago. Cotton wndte# totive during September numbered 34,040 806 compared with 34.219,881 in Septeaaher a year ago. FARMER MARKETS SOME OF HIS CATTLE FOR $48000 ;JjS2. SA iu?<£3r STSS' countrywM made Wrdnredv when John Crittoadra Clay weighed to Swift * Oo. a drove of 200 tueors for one of their eastern * otis ? e w * r * by Ovaries Lamb. Indianapohs representative of Swift * Cf- Owe hundred of the cattle averaged 1-59- pounib. the other# were on the ywhjvg order and averaged about 1.200 ft®®**}* They all brought *1855 a hundred pmmoa mnd «w^lM the owner s bank ae~ count about $48 000. Clay is regarded as an anthonty oo. laremng and stock raising and he haa adihWd several local and na tiooal meetings ou farm subjects. A year ago. a special drove of 1.818 pound steers sold to the Chicago market at >19.40 and in the Indiinapobe market * drove Of 1.146-pound steers told at $18 73 Mare Demand for Sugar Future*. . NEW YORK. October 14—Raw sugar quiet aod as no buxine** waa reported Cuban varieties continue nominal. Tbere ©tee reports to the market that Cuba wa* endeavoring to sell tbe remainder of the old crop on an F O. B. bam*. Tbere was good inquiry for refined for immediate delivery and prices were unchanged at 11 rente for fine granulated. Lea# pres*ore from second hands was reported. Sugar future* opened weak and lOto 20 points lower under Itouidation. A good demand develop*) later and prior*, rallied sharpty. At noon values ranged from unchanged to 17 points higher. . Futures cloeed steady Sate#.! 2.000 tons. Doeemlvr, 7 50c; January. 7.45c: March 7jty-. May 7 tt>c. .'4- v ;:i :> Hff^rlcc-L NKW YORK. October 14 —Copper—Nominal: Pfodurers not quoting: small sale* of etectrototic reported in the open trade around t *c. Iron—Dal! and unchanged. Tin— Weak; spot and nearby. 39.00c; future#. 40.00c. Antimony—6.62 %c. Load—Eaev spot. 7.40«T 7.V Mno-Rasy Kaat St Loms. spot. 7.20 ©7.40c. At Lendt*: Copper—Standard M»ot m 7* 6d: futures. IP l 6d. electrolytic, spot. £106; future*. £ti»b ■Hte—8pot v t2j^ oo; future# £254 15*. Lead — s p°*- H* 1: future*. £34 5*. Ziao— Spot. £40 2* 6d: future#. £41 2a 6d. Cotta# Goods Doll and Week. NEW YORK. October 14.—Cotton good-s aod yarns continue dull and weak in the dry goods market. Worsted yarn spinners have begun sampling work for next fall. Burlap continue* quiet with offering* at much lower price# to gome spots. Knit gbods dull.

WHEAT PRICES STILL <30 UP World Shortage and Oversold Amerieaa Markeri Con*#, Kedensttoo Asserts. WASHINGTON, October 14.—Wheat prices are certain to go up. the American Farm Bureau Federation asserted. In a statement here, because there is a world shorftjg* and tbe United State# i* '•©versoM/' The recent drop in pnoe# the statement said, was due to “bear propaganda by trader# who told heavily in foreign market* sever-1 months #zo and are now endeavoring to fill these orders at a tow figure---Already more than l25.000.fTO bushel? of our wheat ha# cleared for foreign port*.' it continued, and the most optimistic fig uree have never indicated a total exportable surplus to exceed 200.000.000 bushel*.” The bureau asserted that “wheat crops of the northern hemisphere, exclusive of India, are more than 100.000,000 bushels

under a year ago.”

PRICES AT THE HAY MARKET . $

—October 14*—

The foUowtng are the Indiaaapoli# prices of hay and grain by the wagon load: Hay—$26.00 #29.00 per ton; baled $36.00 © 26.00 per ton. Corn—$1210 © 1.30 a bushel. Oats—56 ©57c a bushel. Straw—Wheat. $8.00 ©9.00 a ton. Cotton to Be Exported to Yost Market. FT. WORTH. TUX. October 14.—A plan of the West Texas Chamber of Com mere© to ship 15.000 botes of tow-grade cotton to three European countries to test the market abroad was indorsed here today by Secret*r' Baker, of the Texas Farmers' Union. Hi# cotton will be sent at the shippers' risk. Oil Bimt •nil fitiliiniynlw OH. CITY. Pa.. October 14.—Credit

$6.10. Runs, October 13. 78.463 har-

1.081 barrels. Shipmei average. 62,913 barrels.

Linseed' o;t «nd TorpenUatiIndianapolis tvaisr#* Selling Pricosl Linseed OU—A galtott. in borrel tote. $1.22: boiled. $1.24. Turpentine—$1.38.

OTHER MARKETS ON PAGE 37

Bankers Trust Company Demand Certificates Earn 3% front date and 4% for full sis monthfi periods. Buyable on demand. Issued for any amount. Open All Day Saturdays 4% Paid on Savta»e

TUB CLEVELAND. CINCINNATI. CHl" CAGO AND ST. LOn* RAILWAY CO.

Cincinnati.

Notice is hereby

O October T. IMS.

that th* annual

■PftjNflPV

meeting of tb* stockholders of The C)ev« land, Cincinnati. Chicago and St. Itools Railway Company, for th# sisotiou of Directors and three Inspector# of the aext election, and the trauaaetton of such other bustnsea as may be brought t»'for# tb* meeting, will be held at tha principal office of the company, in the city of Cluclnnati. Ohio, on Wednesday, the IT th day of Octobor, ill#, at 16 o’clock a. m. The poll will continue epsh until ll

o'clock a. m

EDWARD F. STCrHICNSON Roorotory.

Have Your Furnace Repaired NOW Wo give prompt and efficient service. Any make furnace cleaned and repaired. A complete line of part# Pnone ui today.''Main LiM. 818 X. Ogjaworc fit. SINK & EDWARDS 800 N. Stoiato Aw.

TRUCK OWNERS, ATTENTION! Avoid Accidents. To be absolutely safe Ufifl “PREST-O-GRIP” TRUCK TIRE CHAINS We can supply you through your dealer VAN CAMP HARDWARE & IRON CO.

Large Building At Exceptionally Low Price J-pcfft* 1 , ° n 2fffW Jersey, near Washinffton. Four stories and basement, .0x200 feet. . Brick exterior with areal deal of window gPAee and large front display window space. Interior of exceptionally substantial and staunch frame construction. Large elevator aud fine roar faoiiU?00- Wilt sell at sacrifice. Apply, H. G. DOLLMAN. 1606 Merchants Bank Buildine

% ON SAVINGS andPAID-UP CERTIFICATES

Under SUts flupervlaion

Auditor of Ntetv.

Aaaets over

.. $2,000,000.00

Contingent or Sinking Fund Surplu*.. 155,000.0® M YEAR9 OLD AND NEVER PAID 1.E68 THAN 6 PKR CENT.

UNION NATIONAL SAVINGS & LOAN ASSOCIATION

s'roVICuSf S$'t»^«*t'ano rrti rARTiEiiiAms.

1 SAFE—SOUND—C0NSER VA TIVE A Definite Income that can be depended on at all times— even when business conditions are unsettled—is th$ desire of the average investor. WE GUARANTEE 7% on our Real Estate Secured Preferred Stock. It is backed solidly by Real Estate Title Bonds and First Mortgages—and the Real Estate market is on the rise, making the security even more valuable. It is nontaxable, nonassessable and free from the normal federal income tax. Investigate at once. Full details without obligation. Wilbur A. Royse Investment Co., Inc. - Capital, $250,000.00. Eighth Floor, Lemcke Annex, Indiana poll#

A Survey of the

MOTOR INDUSTRY

T>RICE reductions by leadA insr automobile manufac-

mg automobile manufac tnrerfi is the natural consequence of contraction of public demand. Over-expansions by many companies; credit restrictions and general reaction in business has brought the automobile industry companies face to face with another readjustment. Primarily a new industry, among tbo«e of first rank, the motor business is feeling tbe effect

of growing pains.

Out of the slump the stronger organizations will come forth stronger than ever. With the idea of pointing out such companies as are securely en trenched with diversified business and standard product,

we have prepared a circular which thoroughly analyzes present conditions and future

outlook.

It also contains a thorough treatise of all phases of the situation; important and vital statistics on the industry as a whole, and on such individual companies as— General Motors Studebaker Chandler Motors White Motors Hupp Motors

Copy tent without eUtgoIjon. Ask for So 7-507.

M S -Wolfe si Cot ESTABLISHED 1906 Members Gmsolidaied Stock. Bcdwnfce dW A2}{©TJrv JE#t»JbV,K©aJL> %»Js*l%*/mSr%eP Phones State GtO'Z®* HMmct Private Wirts ioJtawltotrJc