Indianapolis Times, Volume 33, Number 93, Indianapolis, Marion County, 27 August 1920 — Page 17

; v*ues |rriNUE up ■pon Goes Higher— MmStocks Active. YORK, Aug. 27.—Prices continued their advance at the opening of. the market today, gains ranging from frictions to over 1 point being general. "Steel common rose to 01, a gain of %; Baldwin Locomotive, % to 110, and Crucible % to 138%. All the rails were in good demand, Chesapeake & Ohio advancing 1% to 5914; Canadian Pacific, IV4Reading from 93 rose %, and Southern Pacific was Vi higher at 96%. Mexican Petroleum rose 1 to 16314 ■ \ Pan-American Petroleum. IV4 to 9V4, and ■Royal Dutch 1 to 82%. United Retail Stores rose 1 The market made further gains during the forenoon, nearly all the leading issues moving up further from 1 to 2 points. A call money renewal rate of 8 per cent brought a halt to the upward movement. Steel common was exceptionally active and strong, selling up to 91%; Baldwin Locomotive, after moving *up to 110V4, reacted to 108%, and Republic Steel fell 1 point to 86. railroad issues were active and esoedaUv the 10-. v priced shares. Petroleum after touching 165. Hto 163. ... shares were ill supply. advance continued, right up to noon and shorts in some of the high priced specialties had a lot of trouble covering their stocks without bidding up prices. Steel common satisfied, the bull contingent with anew high on recovery at (By Thomson & McKinnon) —Aug. 26 Fear of another flurry In the money market, which played an Important part yesterday afternoon on the stock exchange, was again a _ disturbing factor today and. white the renewal rate gave no indication of a scarcity of funds, there was. nevertheless considerable shifting of loans, made necessary by rather liberal calling. And this was noticeably the main cause for some moderate losses in values, though the selling at no time assumed Important proportions. During the greater part of the session the rails acted IndepAdently strong. A rather significant and important statement was published in which Gov. Harding of the reserve board expressed optimistic views; the most important point to which he calls attention is that we have turned the tide of expansion and are at the beginning of a more hopeful financial outlook. In. .Europe conditions may improve quickly, as the defeat of the Russian armies has been sufficiently decisive to warrant the expectation of a speedy overthrow of the bolsheviki movement, which, it is needier to say, would mean peace everywhere. There Is nothing at the moment of a definite nature than can be pointed out as a reason for a material advance in the stock market. From now on we seem to favor operations on the long side and would rather buy stocks on weak markets.

NEW YORK LIBERTY BONDS. m NEW YORK, X. Y.. Aug. 26.—Liberty bond quotations: 3%5, 89.90; first 4s. 84.74; second 4s. 84.36: first 4%5, 84 90; second 4 Vis. 84 46; third 4%5. 87.72: fourth 44*s. 84.84; victory 3 s 4s. 95.40; victory 4%5, 95.42. MOTOR SECURITIES. tßy Thomson & McKinnon.) —Aug. 27—Bid. Ask. Briscoe 20 26 Chalmers com 2 5 Packard com 17% 18 Packard pfd .84 86 Chevrolet 250 500 Peerless 31*4 32% Continental Motors com 84, 8% Continental Motors pfd 95*4 97% Hupp com 13% 14 Hupp pfd 93 101 Reo Motor Car 214 4 21% Elgin Motors SV 4 k% Ford of Canada 350 300 United Motors 35 50 f National Motors 10 IS Federal Truck 29 30 Paige Motors 25 26 Republic Truck 58 41 ACTIVE OIL STOCKS. (By Thomson A McKinnon.) Aug. 27 —Opening - Bid* Ask. Anglo-American Oil 20 2044 Atlantic Refining 1125 1150 Borne-Scrymser 420 460 Buckeey Pipe Line 91 94 Chesebrough Mfg. Con 220 230 Chesebrough Mfg. Con. pfd 100 105 font. Oil, Coo I r. 'l do 120 125 ‘ osden Oil and Gas 7V4 7% *0 descent Pipe Line 29 31 Cumberland Pipe Line 130 145 Elk Basin Petroleum 8% By* Eureka Pipe Line 102 107 Galena-Signal Oil, pfd 88 92 Galena-Signal "Oil. com 53 58 Illinois Pipe Line 93 93 Indiana Pipe Line 34 35 Merritt Oil 14% 15 Midwest OR 1 1% Midwest Refining 147 149 • National Transit 26 27 New York Transit 160 170 Northern Pipe Line 98 102 Ohio Oil 315 330 Oaage Hominy 4k >4 Penn.-Mex 44 48 Prairie Oil and Gas 545 555 Prairie Pipe Line 185 195 Sapulpa Refining 5 51, Solar Refining 370 390 Southern Pipe Line 122 128 South Penn. Oil 273 278 Southwest Penn. Pipe Lines. A3 68 Standard Oil Cos. of Cal 312 Sls Standard Oil Cos. of Tnd 675 63.7 Standard Gil Cos. of Ky 350 370 Standard Oil <'o. of Xei> 420 410 Standard Oil Cos. of N. Y 381 395 Standard Oil Cos. of Ohio 430 450 Swan & Finch 65 37 Union Tank Line 123 127 Vacuum Oil 375 365 Washington Oil 29 33

NEW YORK CURB. (By Thomson A McKinnor..) —Aug. 26 —Closing—- „ . Bid. Ask. Curtis Aero i'ob 4 g . •'"urtis Aero pfd 40 50 Texas Chief 5 w Sub Boat io% IH4 First National Copper % i Goldfield Con 7 9 Havana Tobacco 1 i% Havana Tobacco pfd 5 10 Cent. Teresa 4% 5% jumbo Extension 4 6 mnternat. Petroleum 33 35 fcNi pissing 9'4 914 Tndian Pk£ 0 c% Ro.val Baking Powder 120 130 Royal Bak. Powder pfd.... 80 90 Standard Motors 614 714 Salt Creek 31 & 33 Tonopah Extension 1% 115 16 Tonopah Mining 1% 14 United P S new 1% 1% C S Eight and Heat 2% 2*4 U R Lignt and Heat pfd 2 3 Wrtght-Martin 2 6 World Film % *4 Yukon Gold Mine Cos 2 3 Jerome % 14 New Cornelia 164 18 United Verde' 30 32 Sepquoyah 4 % Omar Oil 2% 24 Bep. Tire 1% 14 Prod, and Refg 64 6% Money and Exchange Indianapolis bank clearings Thursday were $2,717,000, against $2,918,000 a week ago. NEW YORK, Aug. 26. —All quotations except francs were slightly higher at the opening of the foreign exchange £narket today. Sterling opened $3.574;: irancs, .0702,, ofT .0002; lire, .0463. up ■0001; marks. .205, up .0004; Canadian dollars. .885. Further weakness carried the exchange on Buenos Aires down to $0.8420 for demand. Demand sterling closed at $3,584 : francs, .0710: lire, .0418; marks, .0212, and guilders, .3165. LACKAWANNA STEEL DIVIDEND. NEW YORK, Aug. 2C.—The Lackawanna Steel Company today declared a tegular quarterly dividend of 14 per cent on common stock of record Sept. 10, payable on Sept. 30.

N . Y. Stock Prices

—Aug. 26 Prev. High. Low. Close Close. Ajax Rubber.... 5144 51 Vi 51% 51 Allis-Chal 31 vi 31% 31% 31% Am. Agricultur. 76% 76% 76% Am. Beet Sugar 73% 73% J3% 74% Am. B. Mag. Cos. 86% 86% S 88% 85 Am. Can 35 34 34% 34% Adv.-Rum. pfd.... 61 60 61 Am. C. & Fdry.l34% 133% 134% 135 Ab. Cot. Oil 25 25 25 25% Am. Drug 10% 10% 10% 10% Am. H. &L. pfd 75 - 74% 74% 74 Am. Ice 38% 38% 38% 39 % Am. Inf. Corp.. 74% 73 74 74 Am. Linseed 70% 69% 70% 68% Am. Loco 97 94% 96 95 Am. Ship. & C.. 21% 21% 21% 21% Am. Sm. &: Ref. 55% 56V4 55% 55 Am. Sugar Ref.lUU. 113% 114% 113% Am. S. Tob. Cos. 87 86 87 87 Am. Steel Fdy. 37% 37% 37% 37% Am. Tel. & Tel. 96% 98V* 96% 9<U'j An-.. Woolen 80 79 % 79% 79Vi Ana. Min. C 0... 53 52% 53 53 Atchison 82% 81% 82% 82 At. Gulf & W. 1.137% 135 137 137% Baldwin L0c0... 109% 107% 109% 108% B. & 0 30% 38% 39% 39 Beth. Motors.... 6% 5% 6% 7% Beth. B 77% 76% 77 77 Brk. Rap. T... 10% 9% 10% 9% Can. Pacific... ..120% 119% 120% 119% Cent. Leath 54% 54% 54% 54% C; & 0 58% 57% 58% 67% C. & P.com. 35% 35% 35% 35% C..R.1.6 pet.pfd. 65 65 65 04% R..R.l.7pct pfd. 75 75 75 73 C.. M. & St. P. 33 34 35 34% C.,M.&St. P. pf. 52% 52Vi 52% 52% C. & N 71 Vi 70% 71 Vi 70% Chandler Mot.. 87 85 87 87% Coca Cola 34% 34 34% 33% C. Fill. & Iron 36 36 36 36% Con. Cigar 79% 73% 78% 72 Con. Candv Cos. 10% 10% 10% 10% Corn Prod 90% 80 90% 80 Crucible Steel.. 138 136% 137% 136% Cuban Am. Sug, 40% 39% 40% 40% Cuba Cane Sug. 35% 34% 35% 36 Columbia Grap. 23% 23 /23 % 23 Del. & Hudson. 97% 97% 97% Den. & R. G... 5 4% 5 5 Erie v ... 13% 12% 13% 13 Erie Ist pfd... 21% 20% 21% 20% Famous Play.. 70% 69% 70% 71% Gen. Motors... 21% 21 21% 21% Goodrich 56 55% 56 56 Gt. Nor. pfd 73 72% 72% 72% Gf.Xor.Ore. ctfs. 31% 31% 31% 32 Houston Oil 103 102% 105 I<*3% Illinois Central 86 SC 86 86 Insperatlon Cop. 46% 46% 46% 46% Inter. Nickel... 20% 19% 20 20 Inter. Paper... 80% 78% 80% <9% Invincible OIL. 37% 36% 37% 37 Kellv Spring... 79 78% 79 78% K. C. Southern.. 19% 19 19 18% Kennecott Cop.. 24% 24 24% 24 Lehigh Valley.. 44% 44% 44% Leows 20% 18% 19% 20% L. & X ....102 102 102 100% Lackwana Steel. 68% 68% 68% 68% Max Mot. com.. 11% 9% 10% 72 Max. Mot. 1 pfd. 19 16 17% 19% Missouri Pac 26 25% 25% 25% Mid. State* Oil. 11% 10% 11% 11% Midvale Steel... 39% 38% 39% 39% Marine 25% 24% 24% 25 Marine pfd 76% 76 76% 76% Mex. Petroleum.lo2% 159% 162% 100% Nat. E. & Stamp 59 59 59 59% National I.ead . 75 75 75 75 New Haven 34% 33% 34% 33% N. V. Central.. 73 72 % 73 72% Nev. Con. t’op.. I<)3 10% 10% 10% Nor. & West 941* 91 9414 92 North. Pac 74 73 73 74% Okia. P. A- R.Uo. 3% 3% 3% 3% Pan-Amer. Pet.. 88 86% 88 87% Pennsylvania .. 41% 41 41% 41% Pierce-Arrow ..39% 39% Pierce Oil C 0... 13 12% 12% 13 Pittsburg Coal. 61% 61 61 60% Pullman Cos. ...112 112 112 Pure Oil 38% 38% 38% 38V* Ray Copper ... 15 14% 15 15 Reading Rep Iron A Steel 85% 94 85% 85 Repiogle 80% 78% 80% 80 Ryl. Dteb.. N. Y. Sl% 80% 81% 79% Ry. Stl. Springs. 95 95 95 04% St. L.AS: F. com. 26% 25% 26% 26 Stromberg 75% 72% 74% 74% Saxon Motor 6% 5% 6% 5% Sears Roebuck..l4l 140 ltl 140% Sinclair Oil .... 28% 27% 28 27% Sloas Shes. S AI. 67% 67% 67% 68% Southern Fac. . 90% 95 96% 94% Southern Ry. ... 27% 27 27% 27% Stan. Oil, N. J.. 670 670 670 675 Studebaker 63% 61% 63% 62% Texas Cos 47% 46% 47% 47% Tenn. Copper .. 9% 9% 9% 9% Tex. & Pac. 36% 35% 33% 35% Union (Ml 27% 27% 27% 27% Union Pac. 120 119% 119% 118% Tob. Prod. C 0... 66 65 00 60% U. Retail Stores. 69 66% 68% 67% U. S. Food Prod. 59% 58% 59% 58% l td. Fruit Cos.. 193 193 193 193 U. S. lnd. Aleo.. 85% 84% 85% 84% U. S. Rubber .. 86 84 % 85% 85% U. S. Sfeei 90% 88% 90% .89% U. S. Steel pfd..106% 106 106% . 106% Utah Copper ... 62 61% 62 61% Vanadium 71% 09 71% 71 Wabash Ist pfd. 25% 25 25% 25% White Motors . 47% 46% 46% 47% W. Maryland ... 10% 10% 10% 10 West. Electric .. 47% 47 47% 47 Willis Overland. 16 15% 16 15% Wilson ACo . 38 56% 57 56

In the Cotton Markets

NEW YORK, Aug. 26,-The cotton market opened barely steady today, 5 to 20 points loner. ft was affected by weak cables, selling by the fonth, improved weather In the belt and reselling by Wall street houses that had sold yesterday. There was little support In evidence except by spot interests around 25.2. V for Decernl>er. This eventually rallied the list about 20 points or <l< s? to last night s finals October, 27.10 c. December, 25.45 c: January. 24.9C'c; March. 24.50 c; May, 24.45 c. The market developed a very regular tone in the late dealings with the demapd chiefly for October. The close was steady at a net advance of 30 to 75 points. ■" New Tork renge: Op°i’. ifign. Low. Close. October 17.10 28.03 26 90 27 76 November.... 26.20 26.90 26.20 26.20 December 25 45 26.30 25.36 26.05 January 24 90 23.50 2-4.75 25 28 Vareh 24.50 25.25 24.45 25 00 May 24.45 25 05 24.25 24.85 NEW ORLEANS. Aug. 26.—The cotton market opened steady today with a net loss of 5 4o 16 points. Heavy buying developed causing an advance of 65 to 107 points above opening level*. The close was steady, 43 to 61 points net higher. New Orleans cotton range: open. High. I,ow Close October 25.75 26.82 25.74 26.57 December ... 24.65 25.63 24.62 25.29 January 24.34 25.10 24.30 24.93 March 24.15 24.80 24.05 24.55 May 23.75 24.43 23.75 24.30 LIVERPOOL, Aug. 28.—Spot cotton was slow at the opening tndav, itu prices easier. Sales totaled 3,000 bales American middlings were fair, 27 47d • good middlings, 24.72d fuily middling*, 23.22d; middlings. 21.97d : low middlings. 15.17d; good ordinary, !i.72d; ordinal' 13.72d. Futures opened quiet. WASHINGTON. Aug. 26. —Cotton exports from the United States during July. 1920, were 211,841 bales, or 107,444.322 pounds, valued at $44,151,827, the department of commerce announced this afternoon. The exports during July, 1919, were 528.002 bales. CHICAGO STOCKS. (By Thompson & McKinnon) —Aug. 26 Open. High. Low. Close. Carbide A- Car.. 63% 83Vi 63 63% Libby 12% 12% 12% 12% Nat. Leather 10% 10% 10% 10% Sears-Roebuck .140 141 140 341 Stewart Warner. .34 34 33% 33% Swift &Cos 107 107% 107 107% Swift Inter 30% 30% 29% 30 Arm. Lea 15% NEW YORK METAL MARKET. NEW YORK. Aug. 26.—Copper—Weak ; spot, August and September offered at $8.50; October offered at $8.75. Lead—Easy; spot and August offered at $9: September offered at *B.BO. Spelter—Easier; spot, $7.90 bid; August, $7.9008.20. September, $7,950! 8.25. NEW TORE CALL MONEY. NEW YORK, Aug. 26. —Money: Call money ruled 7 per cent; high 7 per cent; low 7 per cent. Time rates, firm at 9 per cent. Time mercantile paper was steady. Call money In London 5% per cent. Sterling exchange steady with busluess In bankers’ bill at 3.39 for demand. NEW YORK STOCK SALES. NEW YORK, Aug. 26.—Total sales of stocks on the. board of exchange today were 452,009 shares, while ponds to the value of $9,541,090 were also sold.

HOG MARKET GOES UP AGAIN Heavies Advance 50 Cts, Lights 25 Cts.—Calves Up. RANGE OF HOG PRICES. From yesterday’s late edition. Good Good Good Aug. Mixed. He*vv. Light. 21.515.50® 15.75 $14.75016.25 [email protected] 28. 15.0001:..30 [email protected] 15.50015.75 24. 15.00015.25 [email protected] [email protected] 25. [email protected] 14.75015.25 [email protected] 26. $15.35@ 15.80 16.00013.25 [email protected] 27. [email protected] 15.00015.65 [email protected] A good strong demand for both light and heavy hogs by eastern shippers today brought the prices on the hog market up. Light hogs were 23 cents higher than on the Thursday market and good heavyhogs were fully 35 to 50 cents higher, while medium and common stuff held steady. Best light pigs under 140 pounds were up 30 to 75 cents, bringing sl6 and down, on good demand and a scanty supply. Roughs were steady with Friday, bringing sl4 and down, with the bulk of the sales around $13.75. Local packers aqd other local buyers took but little part in the market and formed no schedule. \ In fact one of the features of the market was the wide range of prices that prevailed from time the market started. , ... Top light hogs brought $16.20. while the bulk of sales brought $15.75(a16. Receipts for the day approximated 9.500, with 300 left over from the Thursday market. . . . .. A good clearance was expected for tne la The cattle market was fully strong, with some better grades of cattle among the 600 receipts. It was thought that there would be approximately 800 cattle on the market before the enti of the day, as there were two trains that did not arrive until late in the forenoon. Commission men say that they wlsn they were able to show the cattle ntan tlie Importance of keeping some of the poor grass stuff on the grass lands and of shipping on the market some good corn fed stuff. Buying was considerably better than on tire Thursday market and there are hopes that the somewhat better markets of the past two days is the beginning of a permanently stronger market. Calves were the feature of the day. Choice stuff was fully $1 higher with a good number bringing a top of $18.50 and not a few extra fancies sl9. There were reports of a few calves bringing as high as $19.50, but that number was very small, probably four or five. There was a better demand for good veals, and heavy calves were higher and in good demand. Receipts for the day approximated 60. Sheep and lambs were practically steady on the Thursday market, with 000 receipts.

HOOI. Best light hogs. 100 to 200 lb average 13.Y55i10.25 250 to 300 lbs average 15.01^15.65 Over 300 lbs 14.<K>(<t 15.00 sow - * 12.005j14.00 Bee: pigs, under 140 lbs. [email protected] Bulk of sales [email protected] CATTLE. l’rltue oornfed steers, 1,360 lb* and tip 15.00(316.23 Good to choice steers. 1,200 to 1,300 lbs 13.75(815.00 Good to choice steers, 1,100 to 1,200 lbs 11.50(813.00 Good to choice steer*, 1,000 to 1,100 lbs ... 10.00tg13.00 Common to medium steers. 000 to 1.000 lbs 850@1050 —Heifers and Cows— Good to choice heifers 1100(813.73 Medium heifers [email protected] Common to medium heifers 0.-Vlog- 5.23 Choice cows [email protected] Good to choice cotvs B.oo@ 9.00 Fair to medium covi 6.50@ 7.73 Canners 4.00| 4.50 Cutters 5 75® 7.73 -BullaGood to cho’c* butcher bulls 7.50© 9.00 Bologna bull-. 6.50@ 729) Light common bulls 4.50@ 6.50 —Calves— Choice peals 18.00(819.00 Good veals [email protected] Medium veals [email protected] Lightweight veals 9.00@1100 —Stockers and Feeder*— Good to choice steers, 880 lbs. and up [email protected] Good to choice steers, under 800 lbs 8 00© 9.00 Medium to good cows 5.50@ 6.00 Good cows 6 00® 7.00 Good heifers 7.00@ 8.00 Medium to good heifers .... 675© 7.60 Good milkers 50 90© 125 00 Medium milkers 60.00(®100 00 Stock calves. 250 to 450 lbs. 7.00@ 900 SHEEP AND LAMBS. Good *e choice sheep 6.00@ 650 Fair to common 2.50'5; 4.00 Bucks 4.00@ 4.50 —Lambs— Common to choice yearlings. 5.00@ 7.50 Spring lambs 7.50© 12.00

Other Lice Stock

CHICAGO, Aug. 26. Hog* Receipts. 18.000: market 13025 c up; bulk. $13.75% 13.40: butchers, sl4 15015.23; packers. $13.65'g 14 ; lights, sl4 73015.50; pig*. | [email protected]; roughs. $13.35013 65. Cattle Receipts. 11.000: market 25c higher: : beeves. $16.50017.65. butchers. $6.50015; canners and cutters. S4O-6.25; stoefcer* and feeders $5.50012.25; cows, $6012.75; calves. $15017. Sheep Receipts. 25,000: market higher; lambs. $11.75(814.35; ! ewes, $6.25(88. | CINCINNATI, Aug 27. Hog*' Re ' ceipts. 4.090; market strong to 25c high er; heavy. $15.50010; mixed and medium. sl6; ltgbt, $15.50; pigs, sl3; roughs, sl2; stags, $9.50. Cattle-Receipts, 1,600: market steady to strong; bulls -Heady; , calves. sl4. Sh"ep and lambs—Receipts, ! 7.200; market gtroug; sheep, *1.50(87; | lambs. $6016.50. CLEVELAND, Aug. 20.—Hogs—Re •■eipts 2.500; market strong; yorker*. $16.25; mixed, $15.75; medium, $15.73; pigs. $16.25: roughs. $12.50: stags. sh..w [Cattle —Receipts 250; market 25c tip. Sheep and lambs Receipts 500; market strong, 50c up. Calves—Receipts 500; ■market strong; top, sl9. PITTSBURG, Aug. 26.—Cattle Ke- > ceipts light: market steadv; choice. *14.75 01 .>.50; good. $14015; fair. $11015; veal calves. $18.19. Sheep and lambs Receipts light; market steadv; prime wethers. *8.5009.25; good. $7.5008.25; fair mixed, *6.5007.25; spring latabs, $14.50 015. Hogs—Receipts light: market steady; prime heavies. $15015.25; me diums and heavy yorkers, $15.40016.50: light yorkers, $15.50016; pigs, $14,750 15.30; roughs. $11013; stags, $708.50. EAST BUFFALO, Aug. 26—Cattle—Receipts. 375; market, active and steadv; shipping steers, $15015.75; butcher grades. $lOOl4. cows. S3OIO. Calve*— Receipts. 200; market, active, up 50c; ! culls, chotice, $6021. Sheep and Lambs --Receipts, 1,000; market, active and higher; choice lambs. $15.50016; culls, l fair, SIOO-14,75; yearlings. $9010.50; [ sheep. $509. Hogs—Receipts, 1,300; rnar- | ket, active and strong yorkers, $16,250 16.30; pigs. $16016.50; miked. $16,350 ; 16.50; heavies. $15015.50; rough*, sllO | 12.30; stags, SBOIO. EAST ST. 1 OUIS, Aug. 26.-f-Cattle—■ Receipts, 3,500: market steady; native lets steer*. *14015.75; yearling beef sleers and heifers. $11011.00; cows $7 08.30; stockcrs and feeders. $700.25; calves. $13.50014: canners and cutters, $406.25 Hogs—Receipts, 6,000: miirk.-t 515025 c higher; mixed and butchers, t'14.90015.50; pood heavies. $14.25014.90; rough heavies, $12.50013.25; lights. $15.20 015.50: pigs, $12015; bulk of s.ilps $15.15015.45. Sheep—Receipts. 2.20 ft; market 50c higher; ewes, $7.3008; lambs, $10011; canners and cutters, $2.7506. WHOLESALE MEATS. Wholesale meat prices are quoted by | Indianapolis packers as follows. Hams—Regular 14 to 16 lbs, 38%c; skinned. 8 to 10 lbs, 40%c; fancy boiled | 10 to 13 lbs, 60c. Bacon—Fancy breakfast. 5 to 7 lbs, 48c; fancy sliced, 1-!b carton. 57c; sugar cured. 4 to 6 lbs average, 47c. Lard—Refined tierces basis, 21%c; open kettle, tierces basis, 220t2%c. Fresh Pork —Spare ribs, 18%c; shoulder bones, 7%cr -tenderloins, 61065 c; dressed hogs, 24c. Beef —Steers, medium, 400 to 500 lbs, 20c; No. 2 heifers. 114 c; native cows, 17%@18c; medium cows. 15c; loins. No. 2,35 c; No. 3,34 c. rib*. No. 2. 26c; No. 3,24 c; rounds. So. 2, 27%c; No, 3, 26%e; chucks, No. 2,14 c; No. 3,13 c; plate* coy. ' No. 2, B%c

INDIANA DAILY TIMES, FRIDAY, AUGUST 27, 1920.

Indianapolis Securities

—Aug. 26 — STOCKS. Ind. Ry. & Light c0m....!.. 55 Ind. Ky & Light, pfd 95 Indpla. A Northwest, pfd 75 Indpis. & Southeast, pfd.... ... 75 lndplß. St. Rwy 50% 55 Jerre Haute T. A L. pfd 60% ... T. H.. I. A E. com 1% 5 T. H.. I. AE. pfd 9% 16 T. H., T. A I. pfd 53 70 U. T. of lnd. com U. T. of Ind. Ist pfd 19 U. T. of lad. 2d pfd 2 Miscellaneous— Advancecliumely com 30 ... Advanee-Rumely pfd Arner. Central Life 235 Auter. Creosoting, pfd. ...... 94 Belt Railroad com 70 80 Belt Railroad, pfd 47% ... Century Building pfd 98 ... Cities Service com 291 299 Cities Service pfd... 65 65% Citizens Gas 32 35 Dodge Mfg. pfdd 99% ••• Home Brewing 65 Indiana Hotel com 60 Indiana Hotel pfd 90 lnd. National Life 4% ••• Ind. Title Guaranty 59 69 Indiana Pipe Line 90 98 Indpis. Abattoir pfd 46 *d Indianapolis Gns 46 0 Indianapolis Tel. com 7 Indpis, TeUpfd 85 90 Mer. Pub. Util, pfd 44 54 National Motor 70 10% Public Savings "2% ... Kauh Fertilizer pfd 40 Standard Oil of Indiana... 670 710 Sterling Fire Insurance.... 8% 9% VanCsmp Hdw. pfd 35 VanCam# Pack, pfd 95 VanCainp Prod. Ist pfd.... 95 VauCamp Prod 2d pfd.... 95 Vandalla Coal com ... 5 Vandalla Coal pfd 16 Wabash Ry com 7% ••• Wabash Rwy pfd 24% ••• Banks ana Trust Companies— Aetna Trust 100 Bankers Trus. 118 ... City Trust 82 ... Commercial National 63 ... Continental National 112 Farmers Trust 200 Fidelity Trust 120 Fletcher Am. National 237 ... Fletcher Sav. A Trust 16*! Indians National 280 290 Indiana Trust 195 Live Stock Exchange 450 Merchants National ,975 National City 112 119 People's State 176 ... Security Trust 120 Stave Savings and Trust 90 95 Union Trust 340 370 Wash. Bank A Trust 145 BONDS. Broad Ripple 5s 46 ... Citizens St. Ry. 3s 73 <6% lnd. Coke & Gas Cos. 6s 87 Indian Creek Coal A Min.... 98 Ind. Union Traction Indpis. A Colum. South. 55.. 88 Indpis. A Greenfield 5s 90 Indpis. A Martinsville 5s .... 52 KndpU. A North. 5* "6 40 Indpis. A Northwest 5s 48 53 Indpis. A Southeast. ,15.... 45 Indpis, Fttelby A S. E. 55.... 80 Indpis. Bt. Rwy 4s 57 65 indpis. Trac. .1- rerm. t 5.... 66 Kokomo. Marlon A Western. 80 81 T. H. 1. A E Bs 50 Union Trsc. of Ind. Gs .. w . 49 57 Oltixens Gns Cos 73% 8< Ind. Hotel 2d 6* I*6 160 Ind. Gas 5s 72 ,80 Indpis. UAH 75 82 Indpis. Water 6s 88 92 Indpis. Water 4% 71 80 M. H. A L. Ref. 5s B', 90 New Tel. Ist Oi 91 ... New Tel. Long Dlst. 5* .... 1*3% ... South. Ind. Tower 6s 86 LIBERTY BONDS. Liberty 3%s 80 90 90.10 Liberty first 4s 84.70 Liberty second 4 81.34 ..... Liberty first 4%# 84.90 85.10 Liberty second 4%s 84.50 84.70 Liberty third 4%t 87.88 88.00 Liberty fourth 4%s 84 MM Victory 3%s 95.52 95.72 Victory 4%s 95.54 9-5.72 —Sales — The following saies were made on the Indianapolis board of exchange, Wednesday : 8 shares American Creosoting at... 93 2 shares Iridnl*. Tel. com. 6 ■3 shares indpis. Tel. pfd 81 SI,OOO Indpis. 81. Rwy 4* at .. . . 57% $1 000 Union Trsc:i„n of lnd. 6.s at 49 The Indianapolis Board of Exchange meets only on Mondays, Wednesday and Fridays during the month of August.

On Conunission Row

Although there was but a slight differ enre In the tone of the opening produce market today, commission men said that that slight change was in favor of thmarket. They now contribute the number of people on vacation trips as one of the raceor* in the slowness of the produce market. The supply of some of the summer vegetables Is fast being cut off and commission men say that the next two weeks will have a decidedly marked effect on the market. - It is only a matter of a short time until the people will again have to change from a principally vegetarian diet to that' of more solid and svnple foods. t here wort several shipment* of south cm Indiana peaches on the market that were barely salable, selling at s2fts2-50. It was the drat real bad shipment on the market and may be the beginning of the deterioration of the peach crop. It was said, though that would hardly look reasonable with the fine shipments that have been received and th report* of splendid crop*. Good peaches on the market sold at steady prices. There were no further declines in the prices of potatoes.

TODAY’S rBICES. Apples BBskcta, $lO3. Sweet Apple Cider—Per gal, $1; half g*l. 60c. Bananas —Pound. B%of>c Cabbage -Home grown, bbl.. $1.7502 25. bean*—Michigan navy. In bags, per lb. B@BV*c; California llmas. In sacks, 130 14c; marrow tats, per lh, 14%q1.V; green, fancy, hotne-gruwn. bu., $1.2501.50 Indiana hull Innas, per gal, $3.22. Beets —Fancy, Kentucky, <er hamper. $1.25; home-grown, do*. 4(tr; cer bu, $2.25. Cantaloup* Crate, standard, $1; flat, 35050 c; baaket*. 40050-. Carrots- Home-grown, 30c per do*; per bu, $2.25. Celery—Michigan, 6 do* cra’e, $202 50. Cucumber* —Home-grown, do*, 75c. • Eggplant—Home-grown, per <lo*, $1.75. 3.50. Grapes-California white, seedless, per 25-crste, $3. Hu'-kleberrle* -Home-grown. 18 lbs, $4. 1 Kal • -Fancy home-grown, per lb, $i ; 01.50. Lemons —Extra fancy, California, $4.23 04.75. **• Lettuce—Per lb, 12c; bbl lots, 10c; : home-grown per dor, 40c; fancy N. Y. [ bead, per and ata $2.50. Mungoes—Fancy, home-groWn, bu, : $1.5001.75. Meiona —Honey Dew, crass, $303.50; I southern Indlann Tiptop, bbl. 84 5005 Okra—Louisiana, hamper, $2.5003. Onion*—lndiana, yellow and wiilte, bn, $1.50; per bbl, $4; home-grown, green, do*, 20025 c; fancy western yellow, per 100-lb sack, $2.7508. Imported Spanish Onions— crate of fifty. $2.5003. Oranges—Extra fancy California Valencia a, $4.50007.50. rarsley—Fancy home-grown, 30c do*. Peachas—Alabama, per crate. $3,500 4.25; Kentucky Albcrtas, per basket, $304; Southern Indiana, per basket, $3.5004.26: some Inferiors, per bu, $2. Pear*—California Bart let* 48-Ib orate, $4.5005; alligators, per do*. $4; homegrown sugar pears, bu. *3. Peas—Fancy Mississippi, per hamper S3O-3.50; fanev Telephones, bu, $4. Fiums- California blue. per crate, $3.50: Blue Damson, half 'm baskets, $2.3002.75; Burbanks, basket, $1.50; lu, $3 5004.50; Wild Goose, basket, $1.50® 1.75; Green Gage, basket, $202.50; hombards, basket. $202.25, .ndlana blue freestone, bu. $3.50'a4. Potatoes—Virginia and Kentucky Cobblers, bbl, $5.5006.50; now home-grown, $5.5006. Radishes—Home-grown, button, do* bunches, 20@30e. Rhubarb—Home-growu, do* bunches 35c. Sweet Corn—Home-grhwn, doz, 35@40<-. Sweet Potatoes- Alabama, bu $2.5003. Jersey, per bbl, $9. Tomatoes—Bu, [email protected]; basket, 25ft 50c. Turnips Fancy, new, per bu, $2.50. Watermelons—Georgia, small, 40043 c; .inml ns, 900 noe.

(By Thomson A McKinnon.) —Aug. 26 Wheat—Whatever the ultimate outcome of the wheat market the immediate situation Is to be discovered In the fact that December delivery has strengthened from a discount of 3 to 4 cents under sMareh to a premium of 5 to 6 cents over. This Is to be accounted for by the inadequate movement from first hands. Flour trade has been so slow that millers have been reluctant buyers of wheat and it Is intimated in some quarters that they are compelled to advance prices In order to secure supplies. New export business Is In modrate volume, but there is sufficient old business still on the books to impart strength to the whole market. Corn—Continued favorable weather and a very slow shipping demand keep sentiment in corn in favor of lower prices. The market is neglected by Important interests and the outside does not seem to be particularly Interested. Premiums for cash corn show no weakness. Neither is-there any evidence of any particular increase in the movement. As high as 9 cents over September Is bid for contract grades now In elevator in Chicago. The premiums for cash corn may not be a reason for entering the deferred mar ket In an Investment way, but we do believe they are not a good reason for becoming over-confident in expectation of lower pfices. Oats—There Is no Improvement In the interest shown in the oat market. Sentiment still inclined to favor lower prices. However, there Is an excellent demand from the southern consuming trade, prices from that territory being relatively higher than a Chicago basis."* Provisions—Firmness in hops and light olTerings of products .prompted a little short covering in the provisions list cash trade shows a more heavy city tone. CHICAGO GRAIN. —Aug. 26WHEAT— Open. High. Low. <!lose. Dec 2 33 2.33 2.32 2.33% March.. 2.29% 2.30% 2.26% 2.28 CORN— Sept.... 143% 1.45% 1.42% 142% Dec 1.19 1.19% 1.17 1.19 OATS— Sept 07'*. 07% G 6% 60% Dec 07 67% 681, 66% PORK— Sept 24.50 24 90 24.5!) 24.75 Oct 25.40 25.85 25.60 25.70 LARD— Kept 18.25 18 .".7 18.25 18.13 Oct 18.60 18 75 18.60 18.62 RIBS - Sept 14.80 15.02 14.80 14 92 Oct 15.30 15.47 15.30 15.40 CHICAGO CASH GRAIN. CHICAGO. Aug. 26.—Wheat—No. 1 red, $2.56%@2.58; No. 2 red, $2.55(22.56; No. 3 red, [email protected]; No. 4 red. $2.54; No. 1 hard winter, [email protected]%; No. 2 bard winter, $2„[email protected]; No. 1 northern spring, $2.49. Corn —No. 1 mixed, $1.63; No. 2 mixed, $1.63<g1.64; No. 1 and 2 yellow, $1.68; No. 3 yellow, *1.07; No. 4 yellow, $1.66; No. 1 white. $1.65 Oats—No. 1 white. T4%in%e; No. 2 white, 71@71%c; No. 3 white, 68%@70%c; No. 4 white, 6T@6S%c. TOLEDO CASH GRAIN. TOLEDO, 0., Aug 26. Wheal—sash. $2.55; December. $2.43. Corn No. 2 yellow, $1.65. Oat* No. 2 white, Rye—No. 2, $1.97. Barley—No. 2. “.10. *'loverseed —Cash. $17.90; October. $18.45; Desentbcr, $18.35; May and February. ?18.. r *>. Timothy Uash (1917 and 19181. $3.95; rash (1919| and September. Hi October. $5.9 1 ; December. $4; March. *4.10. .visike i sab. $18; October, $18.60; December. $18.60; March. $18.85.

PRIMARY MARKETS. (By Thoms-on A McKinnon.) - Aug. 26 —Receipts— Wheat. Corn. Oat*. Chi* ago O-ts Ono 98,000 433,'00 Milwaukee .. i9.otx> 21,000 273.00(1 Minneapolis.. 1'.51.000 lO.dcl 1 Ifi.tVU Duluth 25,000 2,000 St. Lou!* 122,0tX) 74,000 98,000 Detroit 8,000 26.00.) | Kansas City. 263,(*0> 9.090 39.n0) Peoria t.ono 45.000 41,000 (imaha .. ... I-WW 49.000 56,000 Indianapolis.. 20,000 2t,000 llfi/kto Total* 1,319.000 3.35.01*) 1,200,000 Year ago.. .2.755.000 407,000 968,00) —Shipments— Wheat. Corn tint*. Chicago 89.000 MVn.(O ICO. 0(10 Minneapolis... 85.000 6,01)0 43.0 M) Duluth tt.o4 St. Louis 128.000 25,"00 130.000 Toledo 2,000 I Kansas City.. 220nr0 12.(*>0 17, *•) leoria 37.000 15,009 52,009 Omaha 167.00 45,000 72,00. i Indianapolis . 3,0*) 5.000 38000 Total* .... 747.000 190,000 150.000 Year ago.. 1,160.000 177,<Wt) 744,000 Clearances Dom. W. Corn. Oat*. New Turk... 46,000 Philadelphia.. 88,000 New Orleans 711,000 Total* 1015.0(io Year ago... 1,357.(0

INDIANAI’OI.IB CASH G RAIN. —Aug. 26 Bids for nar lots of grain and hay at the cal! of the Indianapolis Board of Trad? were; Wneat Strong: through billed, track. No. 2 red, $2 3402.57. Corn Finn; No. 3 white. $1.6001.61; !No 3 yellow, $1 t!3*.01.64%; No. 5 mix<l, $1 57%01..V5%, Oats—Steady . No 2 white, f-9%070%', No. 3 white, u)0TOe: No. 2 inlxe 60% % 67'- .(. Mas Firm; new mnothv. $32.30013. No. 2 timothy $31.50082; No. I light dover mixed, $31031.50; No. 1 clovei bay. $300.31. 1 napcctlona -- Wheat—No. 1 red. 4 cars; No. 2 red. 4 cats; No. 3 red, 7 cars; No. 4 red. 3 i-ars; No. 1 hard, 2 rars; No. 2 bard. 1 car; No. 1 mixed. I car; No. 1 northern spring, 2 cars; total. 24 cars. (’orn —No 2 white. 3 cars; No. 3 whit*, 2 cars; No. 2 yellow, 9 cars; No. 6 mixed, 1 car; Idsl, 15 ■ ars. Oats No. 2 white, 52 cars; No. 3 whit’. 20 cars; sample while. 2 cars; No. 2 mixed. 4 cars; No. 2 red, 1 car; total, 79 cars. Rye -No. 2, 2 cars Hay No. 2 timothy. I car. HAY M.IHKKT. The following are the Indianapolis prices for hay by the wagon load; Hay—Loose timothy, old, $32034; loose timothy, new, $25028; mixed nay, old, $29031; mixed, new, $21027; bated. $35038. Corn—Bushel, $1.5501.65. Data—Bushel, old. 80090 c; new, 65® 75c. WAGON Wit E \T. Indianapolis flour mills and elevators are paying $2.30 for No. 1 red wheal. $2.27 for No. 2 red and $2.24 for No. 3 red. Other grades according to quality. ORN AND WHEAT BULLETIN. For the 24 hours ending at 7 a. m . 90tli meridian time Friday, Aug. 27: ■.cuiper*' . I ature. 15_ — :-2 c A Stations of . IreaS c J Indianapolis S ~ £g| -2* District. i gill's! Si “ * Sis J I s * j os Bouth Bend IB4| 56 | 0 | Good Angola ! 8b : 57 ! 0.01 j Good Ft. Wayne..7...| 74 60 . (I Wheatfleld |B4| 50 ( 0 | Good Royal Center...| 72 34 | fi 1 Good Marion 1 76 - 58 i 0 I Good Lafayette 74 I 57 0 ] Good Farmland I 80 , 62 i 0.02 j Good Indianapolis ■••! 77 103 1 0 1 Good Cambridge Clty.i 78 | 60 | 0.00 j Slippery Terre Haute....| 70 I 58 0 I Good Bloomington ~.| 80 | 00 | 090 | Fair Columbus | 85 | 62 ] O.JO | Rough Vincennes | 73 j 62 | 0.37 i Pnoli I 82 | 140 | 0 | Fair Evansville j 78 | 64 | 0.12 | ’ L H. ARMINGTOSc Meteorologist. Weuther Bureau. WHOLESALE PRODUCE. Eggs—Fresh, loss off, 46c. Poultry—Fowls. 30; broilers, 1% to X lbs.. 33030 c; broilers. Leghorn. 30c; cocks, 17c: old tom turkeys, 32c; young tom turkeys, 12 lbs. and up, 37c; young hen turkeys. 8 lbs. and up, 37c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 20c; ducks, under 4 lbs., 17c; young ducks, 28c; geese, 10 lbs. ana up, 16c; young geese, 22c; squabs, 11 lbs. to dozen, 86. Butter—Buyers are paying 56057 c for butter delivered at Indianapolis. Butterfat-Buyers arc paying 560580 for cream delivered nt Indianapolis. Cheese (Jobbers' selling prices) Brick, 50032 c; New York cream, 56c: Wlsionsin' full cream, 30035 c; longhorns. 510 33c; Umburger. 83%03v;. dwiss, domeslie, 61066 c; Imported. 8101.05. - _ k

Terse Market Notes

NEW ■ I'ORK, Aug. 26.—The money pinch seems to be here again. The jump in call rates at the Close Wednesday night is expected to be followed by a tightening of rates calculated to bring | liquidation Into the market. With weak shorts covered up and j probably some rather hasty buying on | Tuesday, the market, as a ’whole, is not | in good shape to 'take this liquidation I without breaking rather sharply.' Ralls are all very cheap, but with Reading showing an Inclination to react it is hard to see where much raise In this department will come now, Cn the other hand, many industrials arc in a very much weakened position. The Bethleham Motors situation is looked upon with disfavor, and the run of motor and tire shares are likely to be under a good deal of pressure for the time being. The Bank of England money rate is unchanged at 7 per cent. According to reports here Minnesota railroads have asked the court for a permanent Injunction to prevent the rate commission from enforcing return to a 2-cent fare. The Fpdernl Reserve bank, according to reports compiled, finds that the peak of inflation has been passed with but a slight Increase in unemployment in duly due to cancellation of orders and inadequate transportation facilities. The New York Telephone Company has asked the public service commission for an increase of 33 per cent in rates, to be effective Oct. l; President Saunders of the American Manufacturers' export association says that ha finds Industrial .conditions over the country greatly improved over those of a few months ago and that he considers the outlook for future foreign traae bright. Twenty Industrial stocks averaged BwP3, a decline of .36. Twenty active rails averaged 75.66, c decline of .15. NEW YORK. Aug. 26 According to ■ statements by governmental ofiiclats the government will withdraw $13,000.0(H) from member banks of the federal re- i serve system In this district today. i COTTON. NEW YORK, Aug. 26.—Weather die- i turbance of minor Intensity was cen- I tered last night off the coast of North Carolina and was moving eastward. There bare been showers during tha last twenty-four hours along the gulf coast, but tha outlook la for generally j fair weather, without material change In 1 : temperature east of the Mississippi river * today and tomorrow. The onlv rainfall reported In the south ' i up to 8 odock Wednesday -'gh. was .26 * Inches In Galveston, .04 inches at Jack- ■ Honvllle and fifi Inches at Norfolk. Maximum temperatures ranged from 68 j to 92 degrees. Liverpool la better than due this morn- * ing. The Journal of Commerce report by states I* bullish. Weather disturbsnee* throughout the ]

ROBBINS BODY CORPORATION. Preferred Stock Dividend. Notice is hereby given that the regular Quarterly Dividend of one-and one-balf per cent (1%%) has been declared on the Preferred Capital Stock of the above company and will be payable on September 1. 1920. to i.tovkholders of record at the close of business on August 31, 1920. U 7. M MUfITRIE. President. Indianapolis, August 20. 1920.

Free from Local Taxes and All Federal Income Taxes $82,600 City of Washington, Indiana 6% Electric Light Bonds To Yield 52% Dated July 15,1920. Denomination S7OO Callable at par on and after May 15, 1931. MATURITIES 2 bonds of S7OO each due May 15, 1921, and November 15, 1921, and each May and November 15 thereafter to and including May 15, 1950, These bonds are the direct general obligation of the City of Washington, Indiana, and were issue for the improvement of the municipally owned electric light plant. Legality approved by Messrs, Robbins & Weyl. FINANCIAL STATEMENT Net assessed valuation $7,222,455.00 Indebtedness $143,949.10 Population 10,000. Fletcher Savings and Trust Company Fletcher American Company INDIANAPOLIS.

Make SSOO I V* Save SIOO a Year for Ten Years and Collect $1,500 Cash For It. That is the story of the Aetna "installment Mortage Bonds. They are absolutely pro®tected by real estate mortgages held in trust by a local trust company. They earn 7% interest, which is compounded at 8%. After the last installment is paid, we add a bonus to the accrued intercst and pay you $1,500 in dash. Other Aetna plans of investment have the same safety and high yield. Full details on request. Send coupon below. Aetna Mortgage and Investment Cos. Capital $600,000.00 Fidelity Trust Building, Indianapolis. / Q> _-I Aetna Mortgage and Investment Cos. iJcOO Fidelity Trust Building, Indianapolis. Gentlemen: Please send me, without obligation, full details on how I can make $500.00 in your Installment Investment Plan. This Coupon

cotton belt may be expected now at any time and sentiment la extremely bearish. The foundation la good for a substantial recovery, it Is thought. LIVERPOOL, Aug. 26.—The cotton market opened quiet at 34 to 25 points advance. At mid-day the market was steady at a net advance of 19 to 24 points. There were slow sales in spot cotton at 61 points decline. Sales for the day totaled 3,000 bale*. Including 2,000 bales of American cotton. Imports totaled 17,000 bales, all American. GRAIN. CHICAGO. Aug. 26.—Considerable decrease in the number of farm animals, good reserves of old corn and tae promise of another bumper crop are good and sufficient Reasons for expecting

Hi ”*1 Fire and Burglar Proof Safes and 1 Vault Doors H Real Fireproof Filing Sale* 1 O ln Five Sizes C From 20x30 to 40x60 inside. These sites can be 5, equipped with any steel filing system. A com* ■fc plete line of office furniture and equipment ; i Aetna Cabinet Company Ijy Display rooms B*l-329 W. Maryland 8t„ Indianapolis

3,500 New Homes For Indiana Harbor (Special to the Indianapolis News.) EAST CHICAGO, Ind., August 24 Employes of the Inland Steel Company In Indiana Harbor poon will be housed in homes buiit especially for them by th® company. About 200 of these home* * will !>e completed this fall and 200 more • will be ready for occupancy next spring. The company plans to erect 3,500 homes all. We Offer and Reccommend East Chicago and Indiana Harbor Water s’s Dae October 1, 1927 Price 83 —To Net 8 1 >4% Fletcher American Cos. Capital $1,500,000 INDIANAPOLIS

lower the consensus of opinion here.But these reasons have been before the Board of Trade so long that they have been discounted. The market has now reached the point where the receipts from the country must be larger if prices are to be expected to continue a downward tendency. CLEVELAND PKODI’CE. CLEVELAND, Aug. 26.—Butter—Extra, In tubs, €2%<g63e; prints, 1c higher; extra firsts, 61%@62c; firsts, 60Vi<?#tc; seconds, 67@6$c; packing stock, 41 %$? 42c. Egg*—Fresh gathered northern Oh! extras, 55c; extra firsts, 54c; firsts, oev cases. 51c; old cases, 50c; western firsts, new cases. 49c. Live poultry—Heavy fowls 30®37e; JlgTit, 34(2 , 35c; broiler*. 35@40c; old icosters, 23t<j24c; spring ducks, 26@30c.

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