Indianapolis Times, Volume 34, Number 90, Indianapolis, Marion County, 25 August 1921 — Page 10

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FIRMNESS NOT IN EVIDENCE IN STOCK MARKET Pressure Steadily Exerted and Selling Heavy in Some Lines. STEEL MORE HOPEFUL Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK. Aug. :s.—Wednesday's market showed little or no relaxation in pressure that has been steadily exerted of late. Stocks were for sale on rallies and declines, and while the session produced few examples of outstanding weakness* the instances of firmness were still less numerous. Heavy selling took place in rutted Drug and International Paper, while only a moderate volume of offerings was required to cause further declines in National Lead and Chandler Motors. Perhaps the most discouraging feature was the continual dribble of selling in the rails. It had been hoped the week would bring good news for this group. The July earnings were expected to make a good showing, and they have, despite the moderate gross due to general business conditions. Tbere also was the expectation of adoption by Congress of the railroad refunding bill, which would doubly strengthen the position of the carriers. Wall Street hears, however, that some of the senatorial obstructionists are determined the bill under no circumstances shall become a law at this s.’ssiou. and there are now some doubts as to its ultimate enactment. Legislative efforts seemed to lie concentrated on the passage of the so-called agricultural relief measure calling for the use of $1,090,009,000 from the War Finance Corporation. Discouragement over the business outlook and particularly the earning future of industrial companies has promoted selling for both long and short accounts. This sense of gloom may be modified, but it is not dispelled, by the somewhat more hopeful tone of the review of the steel situation in the Iron Age this week and the fact that call money remains at 5% per cent in plentiful supply, with numerous loans at 5 per cent, outside the exchtnge.—Copyright, 1921, by Public Ledge - Company. WALL STREET GOSSIP BY MONITOR. For many years there has existed in Wall street a type of loan which is made only on the highest grade of securities, usually bonds, and to bouses of the highest standng. While nominally call loans, these advances are made with the understanding that they will not be disturbed. Anew policy has been inaugurated by the bauks here which has resulted in some of the selling that has tiecurrcd in stocks. In one instance a loan of this kind was called n fifteen minutes' notice. This class of loan, it is rumored, is to be wholly eliminated, and within the next thirty days a large number of them will be called for payment. A feature tn connection with the loan market which is exercising its effect dire 11v on low t riced stocks is the number of these issues which now are being refused as collateral in mixed .loans. Evidence of selling in many ©T this type of stock has been apparent recently. The lis; of siteh issues is a long one. and is being increased as prices decline. An accumulation of selling orders in American Steel Foundry was responsible for a decline of more than 1 per cent at the opening. Further selling developed on reports that the present *5 per cert dividend is in danger. There is excellent reason to believe the payment will Ik* authorized at the meeting to be hel I within ten drys. American International declined to a new low for the present movement. Every time selling breaks out in auy.tock of which American International ‘s known ti h 3 large holder A. I. (\ declined. This has been true nil through the decline in F. S. Rubber, and today, when International Mercantile Marine dropped to 37 International American sold off. The bitter company holds approximately 105,000 shares of I. M. M. stock. Central Leather has been sold steadily by out-of-town interests a* well as by local investors an.l professional operators. There has been talk of a receivership and of a reorganization of the company with a(5 assessment *>n the highe-t authority it may be said there is no possibility of either one. The company today is immeasurably stronger than It has been since the first of the year. There is excellent buying of both common and preferred stock on a scale down, and it would surprise no one intimately familiar with the affairs of the company if the statement for the third quarter proved a very pleasant surprise to holders of the stock.

• 'handler Motor* made a now low record on liquidation and rolling by professionals. Firm* who are active in tbi* stock make no attempt to predict a bottom. but it i* known buying for interests identified with the company is in progress. There is excellent reason to believe the present per cent dividend will be maintained when the directors meet. The regular date is I.abor Days but the meeting possible will be held within a day or two thereafter. General Motors was pressed for sale in large blocks, one lot of 10.000 shares ••hanging band* at 9%. Ever since the Durant holdings were taken over last Decern be r. there has been an ample supply of stock in the market to meet all bids. The unwieldy supply of this stock makes it unattractive from the trader's viewpoint. t'nited Drug, which was a feature of the market several weeks ago. when a trusteeship was named for Louis K. l.iggett, cam? into prominence again when a five point drop was registered in the first few minutes. The selling was on a report that the present 8 per cent dividend is to be cut in half. Three months ago any one who spoke of salt water in the Mexican oil fields was branded as a propagandist against Mexican oil stocks. Now it is officially announced three wells in the Amatlan field have gone to water in the last week. A 20,0tY barrel well of the Tidal Mexico Company showed 25 per cent water Monday. One of the large wells of the Atlantic Lotos Company has gone wholly to water, w hile a third well has developed 6 per cent of salt water. The Standard Oil Company of Indiana, announced a price reduction of 1 cent a gallon for gasoline in the Chicago district to 17 cents wholesale. This might have been construed as a constructive development for the motor stocks had not flic Stevens bureau announced a reduction of from S4OO to $1,200 for their car. The continued weakness of the Pierce-Arrow issues also mitigated against the motor shares. It is reported refined sugar in second hands is being offered at 5.70 or 10 points under the prevailing refiuers prices. The market for raw continues uninteresting, and this accounts in some measure for tb< pressure against sugar stocks. Despite this situation, however, directors of the South Porto Rico Sugar Company met and declared the regular quarterly dividend of 2 per cent ou the preferred stock. A particular point of weakness in the sugar group is the Cuba Cane Sugar Corporation which, instead os showing improvement. appears to be verging on the critical. It is understood the recent plans for providing such needed funds have gone awry, and that there is little likelihood of local bankers contributing to the support of this corporation pending the harvesting of the new crop. Late in the afternoon Judge E. H. Gary of the United States Steel Corporation, issued a statement confirming previous reports that the subsidiaries of the corporation were meeting all price euts. He • ailed attention to reduction* being made by the subsidiaries only after the lead had been taken by independents. He declared that this policy would be maintained even though many of its products are being sold at a logs.—-Copyright, 1921. by Public Ledger Company.

N. Y. Stock Exchange

—Aug. 35 Prev. I High. Low. Close. Close. I A. Chemical .. 36)4 36 30% 35% | A. Rubber .... 18% 17% IT - * 18% A.-Chalmers .... 29 Vi 35* 30% 38% i A. Car A- F. ..131 IXO% 130% 13,*! Am. Can 34% 34% 34% 31% ; A. H. & L. Ce. #% 9% 9% 0% j A. 11. &L. pfd. .40 45% 45% 40 Am. Drug 4% 4% 4% 4% Am. 1. Corp. ... 20 21 % 21% 25% Am. Linseed ... 17% 17% 17% 17% Am. Locomotive 83% 82% 83 83% Am. S. & Kef. .. 30% 21*% ;iO% 30 Am. Sugar Ref. 00% 59% t>o% 59% A. S. T. Cos. ... 40% 38 38% 40 Am. Steel Fdy.. 21% 30 21% 20 Am. Tel. & Teh. 105% 105*.. 105% H 5% Am. Tobacco... 110% 118% 119% 118% Am. AVoolen 00 64% 05% 11 Atl. Coast Line 84 84 84 84% \ Aua. Min. C 0... 32% 31% 32% 32% | Atchison 83% 73% 83% 83% Atl. Gulf & W.i. 20 19% 19% 19% j Baldwin Loco.. 71% 70% 71% 71% 1 It. A 0 33% 34 34% 34 Beth. Steel (B). 40% 40% 40% 40% Califor. l’ete.... 31% 30% 30'i 30 Can. l*ae. Ry.,.113 141% 112% 111% Cent. Leather... 23 22 % 22% 22% Chandler Mot... 41 4u% 40% 4i> C. A 0 51% 45**. * 50% 50% C. M. & St. P... 24% 23% 23% 23% C.M. A St.P.pfd. 30% 54% 35% 35% Chi. A N. W.... 04 03 04 02% C.. R. I. A r.... 3*1% 28% 29% 29 < R.l.AP.6%rfd.. 01% Ol'a 01% 01% Chill Copper.... 9% 9% 9% 9% Chino Copper... 20% 20% 20% 20% Coca Cola 32 31 32 31% Col. Fuel .A Iron 22% 22% 22% .... Columbia Gas... 53 523, 52% 53 Columbia Graph. 3% 2% 3% .% Consol. Gas 84% 83% 83% 84 Coat. Can 37% 37 5.7 38 Cosden Oil 23 22% 23 23 Corn Product*.. 05 03 % 03% 04% Crucible Steel... 50% 49% 50% 50 Cub. Am. Sugar 13% 13 13 12% Cub. Cane Sugar 7% 7% 7% 7% Del. A Hudson.. 98% 98% 98% .... Kndicott 57% 50% 50% 50% Erie 12% 12% 12% 12% Erie Ist pfd 17% 17 17% 17 Famous Plavers 55% 54%, 55% 54% Fisk Rubber Cos. '.*% 8% 8% 8% Gen. Asphalt.... 41% 39% 41% 40% Gen. Electric ..114'.. 111% 113% 112 Gen. Motors 9'-. 9% 9% 9% Goodrich 28% 28% 28% 28% G. Nor. pfd 71% 09% 70 09% G. Nor. Ore 27% 27 27 27% G. States Steel. 30% 30% 4*i% .... Houston Oil 40% 40% 40% 42 111. Central 94 93% 94 93% Inspi. Copper.. 30 29-% 29% 30 Inter. Corp 3% 33 Invin. * til 8 7% 8 8 Inter. Harvest.. 70% 09% 70 09% Inter. Nickel... 12% 11% 12 12 Inter. Paper.... 4(1% 38' . 39% 38% I. O. A T 2% 2% 2% 2% K. i'. Southern 23% 22% 23 22% K-S'field Tire. 34% 32% 32% 32% Kenn. Copper... lfi% 18% 18% 17 l.aek. Steel 3*l 58 3ft 35% t.ehigh Valiev.. 49% 49 49 49% l.e T're 23% 23% 23% Loews. Ine. ..11% It 11% 11% Marine Com. .. 7% 7% 7% 7% Marine Pfd. ... 38 35 CO 37% Max. Motor 8.. 8% 8% S% .... M. A Ward ... 15% 14% 11% 15% M. Petroleum. 91% 84% 9 > 91% M. Copper .... 19 19 19 1!* M. States O. . 10% I**% 10% I<*% M. steel 23% 23 23% 23 Missouri Par. .. 17% 17% 17% 17% M. Par. Pfd. .. 30% 34% 35% 35% N. E. A S. ... 28% 20% 27% 29% National Lead 7'*% 89% 7*' B*% N. Con. Cop. . 9% 9% 9% 9% New Haven 15% 14 s , 15 14% Norf. A West... 92% 92 5 , 92% 92% Northern* Par... 71% 09% 7*'% 7'* Okl. Pro A Ref. I s , 1% I s , 1% Pacific Oir 34% 33% 33% 34% Pan.-Am Petrol 41% 38% 4n% 40% Penna. Ry 37 30% 50% 30% People's Gas.... 53 51% 52 53 Pierce Arrow .. 10% 9% 10 10 I’ere Marquette 18 IS IS 18 Pittsburgh Coal. 53 52% 52% 53 Prsd. Steel Car 49 48 48 49 %nr, ir, no ic 'i i uuim.i Kv. Stl Spgs... 75 71% 74 72% Pure Oil 24 21% 21% 24 Reading 05% 84% ,05% 01 Ren. Iron * S.. 44% 45% ( 45% 44% Replngle Steel.. 20 20 20 19 Royal Dutch... 40% 4040% 48 s , Sears-Roebuck . 00% 60% 00 M*% Sinclair 17 10% I*% 10%. South. Pa<\ ... 70% 75% 75% 75% South, ru Rv.... 19'. 18% 18% 18% Sr. L A SW. Rv. 22% 22 22', 22% St. L. AS.F. C. 21% 20% 21 % 21 Slroinberg Carb 2ft 20 20 25% Sludebak. r *T 05% lift-'-; 05' . Texas Cos 33% 32% 32% 23% Texas A Pacific 21% 21% 21% 21% Toil. Products.. 57% 55 s , 57% 50 Trsn. Oil 0% ft', 0% 0% Union Oil 15% 15% 15% 15% Fnion Pacific... 119% 117% 118% 118 Fnt Ret. Stores 49% 48% 49% 48% I*. S. F. I*. Cor.. 15% 15% 15% 15% Fnt. Fruit C0..103% 102% 102% I**2% Fnite.l Drug 51% 49% 51 52 V. S. In. Alcoh.. 45', 44% 44% 44% F. S. Rubber...' 43% 42% 45% 45% r. S. Steel 73% 72% 73% 73 C. S. Steel pfd.109% 150% l'*9% I l.ih Copper.... 42% 41% 42 5 , 12% Vanadium steel. 25% 23% 25% 25% Vir-Car. Chem.. 22% 22% 22% 22% Wabash 7% 7 s , 7% 7% Waba-h Ist pfd. 2**% 19 s , 2 * 19% White Oil 8 7% .8 7% Western Fntnn. 81% 84% 81 % 81% I West h'se Klee.. 40% 59 5 , 40% 39% White Motors... 32 31% 32 32 Wi'lvs-Over'and 0% 5% .%% (5% Wilson ACo 32% 32% 32% j Worth. Tump... 31 30% 31 31 NEW YORK LIBERTY BONDS. —Aug. 25 Prev. High. bow. Close, close, L. R. 3%s 87.94 87.42 87.50 87.94 I L. It. Ist 4s R7.*io 1.. It. 2d 4* 8750 I 1.. B. Ist 4%s 87.80 87.70 87.70 87.84 jL. B. 2,1 4'is 87.72 87.62 87.66 87.62 I L. B. 3d 4%s 91.88 91.78 91 80 91.78 ; 1,. It. 4th 4%x... 87.84 87.72 87X1 87.76 Victory 3 s , s 98.76 98.72 98.86 98.74 Victory 4% 98.78 98.70 98.78 18.74

In the Cotton Market

NEW YORK, Aug. 25.—The cotton market had another firm and active opening today at 14 to 22 points net advance. There was support from Liverpool, the South, trade interests and local shorts, inspired by hot dry weather in the Southwest and rain over the Atlantic belt. At the advance, however, old longs unloaded freely end considerable selling by Japanese and Southwest spot people occurred. causing a reaction of about 8 to 10 points from the opening levels. New York cotton prices: September. 14.00 c; October. 14.25 c: December. 1472 c January. 14.75 c: March, 14.85 c; May, 14.90 c; July, 14.97 c. The market sold off front the top In the last hour, but no general weakness developed. The demand continued good on the decline and the close was very steady at a net advance of C 9 to 83 points. —Cotton Futures— Open. High. Low. Close. January 14.75 15.44 14.00 15,35 March 14.85 15.47 11.77 15.40 Mav 14.90 15.4* 14.81 15.47 July 14.97 15.35 14.90 15.32 October 14.2* 15.20 14.22 14.95 December 14.72 15.40 14.00 15.29 #— LIVERPOOL, Aug. 25.—There was a good demand for spot cotton at thp opening of the market here today. Prices were firm and sales. 10.000 bales. American middlings, fair. 11.75d; good middlings, IO.OSd : fully middlings, OfiSd; middlings. 9.28d: low middlings. 8.48 U: good ordinary. 7.45d: ordinary, 0.73d. Futures opened steady. NEW YORK METAL MARKETS. NEW YORK, Aug. 25. —Copper—Dull: spot, August and September offered, ll%c. Lead—Firm: spot and August offered. 4%e; September. 4.55 c. Spelter— Dull: spot, August and September offered. 4%c. NEW YORK RICE. NEW YORK, Aug. 25.-—Rice values were stronger in trade on the exchange here today. Domestic sold at 3',i@7%r per lb. NEW YORK PET-ROLE I'M. NEW YORK. Aug. 25. —Petroleum values were steady on the market here today, Pennsylvania crude oil selling at $2.25 a barrel. TOLEDO SEED PRICES. TOLEDO. Aug. 2-5. —Cloverseed—Cash. $12.(55; October, $12.65; February. $12.65; March, $12.90; bid. Alslk* —August. $10.50; October, $10.75; bid: December. *10.75; March. $10.1*0: Timothy—Cash. 1920. VH>; cash, 1921. $2.8244: September, *2. .85; October, $2.70: December, $2.77; January, $2.70; February, $2.75; March, $3.87%. VV

STOCK MARKET TONE STEADY Sludebaker Stages Come-back —Several Rallies Made. NEW YORK. Aug. 25.—The stock market closed steady today. Mexican Petroleum continued its erratic movement, and, after rallying from 54% to 90, broke to 80%, followed by another rally to 90. Stodebaker, after reacting over 1 point to 05%, recovered to 60%. American Sumatra Tobacco was 5u su iply, fulling 2% points to 38. General Electric rose 2% points to 114',. following the declaration of the usual dividcud, but again receded to 11%. United States Steel, after being again forced down to 72%, rose to 73%. and Baldwin Locomotive moved up over 1 point to 71%. Northern Pacific turned weak again, falling to 70%, and Great Northern preferred yielded 1 point to 70. Total sales of stocks were 603,900 shares; bonds, $8,217,000. (By Thomson A McKinnon.) —Aug. 25 When trading was resumed on the stock exchange this morning selling orders were in ample supply, mainly from commission houses, indicated * continuation of liquidation. The selling was fairly well distributed among the various groups. Some new lows were established, but before the end of the first hour some support appeared, followed by some moderate recoveries. The market thereafter was an uninteresting affair, when suddenly a panicky eoi lition developed in Mexican Petroleum. .ic to the publication by u local news bureau that Mexican Petroleum had deferred the dividend. Although this was subsequently contradicted, the damage had been done. This is one of the unfortunate incidents that tlie stock market has to con tend with from time to time. Later in the day pressure developed the various specialties and there is still no indication of material changes in market conditions. There is entire absence of confidence. Most corporate statements disclose unsatisfactory conditions. Sentiment, especially in professional circles, is still nessimlstie. and ns long as every bulge is met with anew wave. |of selling orders it is doubtful whether we can have, in the immediate future, more than temporary rallies. TWENTY STOCKS AVERAGE. NEW YORK. Aug. 25. Twenty industrial stocks Wednesday averaged 63.99. off .48 per cent. Twenty active rails averaged C9..57, off .SC per cent. CLEARING HOI SE STATEMENT. NEW YORK. Aug 25—Exchanges. 5462.100.00**: balances, $ <8.100.1X1*: Federal Reserve Bank credit balance, $39,990,000.

Money and Exchange

Indianapolis bank clearings Thursday were #2.lM.U><>, against $2,399,0 l for Thursday of last neck. NEW YORfv. Aug. 25—The foreign ex change market was strong tft the open ing today. Demand sterling was %o higher at (3.09%. Francs rose 1% centimes to 7.76%c lor cables and 7 75%c for • becks. Lires were 1% points higher to 4 26%c for cables and 4 25%c for checks. Belgian Irani s were line hail get 1 at 7,54 c for cables and 7.53 c for checks Guilder cables were 31 25c; do cks. 31.23 c. Sweden kronen cables were 21.75 c; checks. 21.70 c. Marks were 1 19',c. Norway kronen cables were 13.30 c: checks. 13.25 c. Denmark kronen cables were 17c; checks, 10.95 c. NEW YORK t Al.l, MONEY. new YORK, Aug. 25 Money Call money ruled 5% per cent; high. 5% pi r cent; low. 5% per cent. Time rates quiet, al 15%4i.6 per rent. Time mercantile paper quiet. Sterling exchange was strong, with business in bankers' bills at (5 70% for demand. MOTOR SEC l 111 TIER. •By Thomson A McKinnon.* - Aug. 23 • Opening Bid. Ask. Bri-eoe s jo Chalmers com 1 .... Packard cun 1,% 7 Packard pfd 60 C I Chevrolet If** 4*> Peerless 1.8 20 Continental Motors com 5% 5% Continental Motors pfd 7*5 M> Hupp com 10% 11 Hupp pfd. ... + K 5 9 > Rco Motor Car 17% 18% Elgin Motors 33 t 4% Grant Motors 2% 2% Ford of Canada 235 215 I tilted Motors ;.i 6* National Motors 1% 3 Federal Truck . .'4 16 Paige Motors 15 16 Republic 'truck 4% y

Aim E OIL STO< KS. (By Thomson A McKinnon) —Aug. 20 - Opening - Bid. Ask Anglo-American Oil 15 15% Atlantic Refining 11% 12% Borne S.-rymser 345 300 Buckeye Pipe Line k] k3 Chesel.rongh .'lfg. Cons 120 140 Cont. Oil Colorado 103 109 Cosden Oil and Ga* 4% 5 Crescent Pipe Line 25 27 Cumberland Pipe Line 115 120 F.lk Basin Pete 5% (1 Eureka l’lpe ILnc 75 78 Galena-Signal Oil pfd 85 90 Galena-Signal Oil com 32 34 Illinois Pipe Line 150 153 Indiana Pipe Line 71 76 Merritt Oil 7 7Vi Midwest o*l 2% 2% Midwest Refining 130 140 National Transit 25 26 New York Transit 113 148 Xort lorn Pipe Lite 84 8.8 Ohio Oil 224 228 Oklahoma P. k R 3"* 3% Penn.-Me.* 17 20 Prairie Oil and Gas 420 430 Sapclpa Refining 3% 3Vi Solar Refining 335 550 South Penn. Oil 105 175 Southwest Penn. Pipe Lines. 54 5-8 Standard Oil Cos. of Ind 60 00%. Standard Oil Cos. of Kan 520 540 Standard Oil Cos. of Ky 305 380 Standard <>i| Cos. of Neb 145 155 Standard Oil Cos. of N. Y ... 314 2.18 Standard Oil Cos. of Ohio 370 3.80 Swan A Finch 30 35 Vacuum Oil 240 250 Washington Oil 23 28

NEW YORK f t KB. (By Thomson & McKinnon ) —Aug. 25 —Closing— Bid. Ask. Curtis Aero com 12 3 Curtis Aero pfd 15 Texas Chief 5 12 Imp. Oil of Del 6 7 First National Copper 75 85 Goldfield Con 5 7 Havana Tobacco 1 1% Havana Tobacco pfd 4 0 Central Teresa 1 1% Jumbo Extension 4 6 International Petroleum 10% 10% Nipissing 4(4 4% Standard Motors 4 5 Salt Creek 10 10% Tonopah Extension 1% 1%. Tonopah Mining 1 % United P S new 1% 1 5-10 U. S. Light and Heat 1% 1% U. S. Light and Heat pfd... 1% 2 World Film 10 15 Yukon Gold Mine Cos 90 95 Jerome - 15 18 New Cornelia 12 14 United Verde 22 23 Sequoyah 10 12 Omar Oil 1 51C 1% Acme pkg 75 80 NEW YORK REFINED SUGAR. NEW YORK, Aug. 23.—Refined sugar prices were steady on the market here today, fine granulated selling at 5.80(0 6.15 c per pound. NEW YORK RAW SUGAR. NEW YORK, Aug. 25.—Trade in refined sugar was fair on the market here today and prir -s were firm. Culms sold at 4.80 c per lb, duty paid, while Porto Itieos were quoted at 4.01 c per lb, delivered. NEW YORK COFFEE. NEW YORK, Aug. 25,—Coffee values w re steady on the market here today. Opening options were 1 point lower to 1 point higher. Kio No. 7 on spot sold at 694©6%c per lb.

INDIANA DAILY TIMES, THURSDAY, AUGUST 25, 1921.

GRAIN PRICES CLOSE HIGHER Professionals Again in Market News Has Influence. CHICAGO, At g. 25.—Grain prices advanced on the Chicago Board of Trade today, due to increased activities of professionals who came again into the market. News of increased demand for export grain to feed the starving of Europe also influenced the market. I‘rovisions were irregular. September wheat opened unchanged at (1.18% and closed up 2c. December wheat opened at $1.19%, unchanged, and closed up l%c. September corn opened at 54%e, up (sc. and closed up Vic. December corn opened up %c at 54Vie and closed up %c. September oats opened at 34 %c, unchanged. and closed up %c. December oats opened at 37'4c, up %c, and closed up %c. (By Thomson A McKinnon.) —Aug. 25 Wheat- The passage of the farm credit bill by tile War Finance Corporation, designed to expedite exports, together with the advice from the Northwest showing the attitude of the farmer to hold his grain and disappointing thrashing returns, have kept the wheat market tone strong. There seems, at all times, an undertone of firmness, but, as for some time past, the investing public is indifferent. There has been some export inquiry in the market, but no business lias been disclosed. Sales from t'hieago the last three cays totals 2.4**0,000 bushels. Grain interest in Holland intimate a reduction of 10 per cent in the Import requirements of all grains. On the other hand, tlie government of India has prohibited further exports of wheat because of the high prices now rilling. There has been no development which suggests a lowering of values or a weakness in the situation. The help to be extended by the Government will increase the tendency of the producer to hold for higher price's. We do not anticipate any broad resumption of Investment demand, but feel that prices will work irregularly higher on a merchandising basis. (.’nurse Grains - The country offering of corn have been reported as very heavy, but there seems to have been enough sold fur export In tile past to accept tile offerings and keep prices relatively firm. It Is believed that the deliveries of oats on September contracts will l.e rather liberal and because of S -ptember holdings are being turned over into the more deferred deliveries. We ledieve that both .these grains hate largely discounted reasons for lower prices. Both are devoid of incentive for advanced values. Provisions—The Euroiiean demand for lard is fair and there was further buying of September and October lard by packing interests. Smaller receipts of hogs are anticipated.

CHICAGO (i R \IN TABLE. Aug. 25 WHEAT Open. High. Low ('lose. Sept 1 18% 1.20% 1.17% 1.29% Dee 1.19% 122 1.18% 1.21% CORN Sept 54% .54% .45% .54% Dec 54 ,54% .53% .54% OATS— Sept 34% .54% .33% 1.31% Dee 37 s i .37% .37'., .37 % FORK - •Sept 17 20 LAUD Sept 10.85 10.95 10.8*5 10.22 Oct 10.82 11.05 10.80 10.95 RIBS •Sept 9.20 •Oct 9 15 RYE - Sept 101% 1.03 1.00 1.02 s 4 Dec .... 1.05 1.05% 1.02% 1.05% •Nominal.

CHICAGO C ASH GRAIN. CHICAGO. Aug. 25 Wheat No 2 red. (1.20**11.22% ; No. 5 red. $1.19' 4 ®1.20; No. 2 hard w inter. $l2O%Ci 1.23 ; No. 5 hard winter. $120; N", 2 mixed. $i.19*31.21; No. 4 mixed. $1 18%. Corn—No. 2 mixed. 55%,55%c : No. 2 white, 55',%,55%c : No. 2 w hite, 5-5%'*.-.55%e ; No. 2 yellow, .55%% 50c; No. 3 mixed. 55%c; No. 3 yellow. 4%ti.*55%<\ (bits No. 2 white. 34 *•>/. 35%c ; No. 3 w hite, 32*534c, No. 4 white, 31'ic. TOLEDO CASH GRAIN. TOLEDO, Aug. 25. Wheat August, $1.27; Septcntlier, $1.25%: December, $1.50% : May, *1.35 bid. Corn -Cash, 61(4 63c. < bits Cash, old, 42®43e : new . 38*,r 39c. Rye Cash. sl. Barley—Cash, CO PRIMARY MARKETS. (By Thomson & McKlunofi) —Aug. 25 Wheat. Corn. Oats. Chicago 597.900 59.9M1 289.000 Milwaukee .. 150.000 265.000 9.000 Minneapolis . 514.000 9,os* 116,000 Duluth 4"L" > *2."> SM.OOO St Louis .. . 193.000 55.1*u 68.000 Toledo i::.'**i 3.000 s.oou Itptroit 7.<**t s.OOo 10.000 Kansas City.. 300,000 Oissi 5,000 Omaha ...... 162**** 43,000 40,00.1 Indianapolis., 1.000 ttt 000 3*ooo Totals 2.267.000 1.514,00*1 1 .(*6B,Out* Avar ago.. 1.594 o*K* 335,000 1.200,000 Shipments - W heat. Corn Oats. Chieagn 427,0*** 271 <** 91.000 Milwaukee 152,04*0 121 .'***) 12**.***X* Minneapolis . 174.000 11.000 I*B,ooo Duluth 43,000 • • •• St Lotlls .... 229.0140 54.000 106,000 Toledo 25,000 4,000 53.000 Detroit Kansas City.. 347.000 59.**** 10.000 Omaha 65.000 50 000 8,000 Indianapolis... 5,000 18,<*<*> 30,000 Totals 1.072.0" > 688,000 620,000 Year ago... 747.000 190,000 570,000 —Clearances Dorn. W. Corn. Oats. New York.... 48.000 Philadelphia., 80,000 Totals 128,000 Year ago.. .1.015,00>

INDIANAPOLIS CASH GRAIN. Bids for car lots of grain and hay at the rail of the Indianapolis Board of Trade were: Wheat—Strong: No. 2 red. $1.23(0 1.25. Corn—Firm : No. 2 white. 50%<057iG No. 3 white. 55%@56e; No. 2 yellow, 57 ((/58%.c; No. 5 yellow, 56(0 57%e: No. 2 mixed. 55(0,56e; No. 3 mixed. 54<055e. Oats—Strong: No. 2 white, 35(<i.30c: No. 3 white. 33%(<(34%.e. Hay—Steady: No. 1 timothy. $10(019.50; No. 2 timothy. XI8.50(0.19: No. 1 tight clover mixed, slß<o>lS.sO; No. 1 clover, 19. —lnspections Wheat—No. 2 red. 1 car: No. 3 red. 4 ears: No. 4 red, 2 ears; No. 5 red, 1 ear; sample, 1 ear: total, 9 cars. Corn—No. 1 white, 1 car: No. 2 white, 5 cars: No. 1 yellow, 8 ears: No. 2 yellow, 10 ears: No. 5 yellow. 1 ear; No. 2 mixed, 1 ear: total, 20 cars. Oats—No. 3 white. 14 ears: No. 4 white. 10 ears: No. 3 mixed, 1 car; total, 25 cars. Rye -No. 3. 1 car. Hay—No. 1 timothy. 2 ears; No. 2 timothy, 1 car; total, 3 cars. WAGON W HEAT PRICES. Indianapolis flour mills and elevators today are paying sl.lO for No. 1 red winter wheat; SI.OB for No. 2 red winter wheat and according to test for No. 3. Oats are quoted at 30c for No. 3 white or better. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered. Hay—Loose timothy, old. $19@21 : mixed hay, new, $17(018; baled hay, old, $18(020; new, $17(0 19. Oats—Bushel, new, 33@3Ce. Corn —New, 02(0;05c per bushel. CHICAGO STOCKS. (By Thomson & McKinnon.) —Aug. 25Open. High. Low. Close. Armour pfd. ... 89% 80% 89% 89% Armour Leathr 12% Carbide & Car. . 42*3. 42*4 42% 42% Libby 8% Mont.-Ward .... 15 National Leather 7% 7% 7 7 Piggly Wiggly 12% I!eo Motors ... 17% Sears-Roebuck . 09(4 6u% 00 00% Stewart-War. .. 22'% 22% 22(4 22% Swift & Cos. .95 95 94% 94% Swift Inter. ... 22(4 22(4 22 22 NEW YORK TURPENTINE. NEV4YORK, Aug. 25.—Turpentine sold at 03* f gallon on the market ter* dORA

New York Bonds

FOREIGN GOVERNMENT BONDS. (By Fletcher American Co.)' —Aug. 25 Bid. Ask. Arg. (unlisted) sa, Sept. 1, ’ls 64% 85% Belgian 6s, Jun. 1. '25 9>% 94"i Belgian 7%5. June 1. '45 I**2 102% Belgian Ss. Feb. 1. '!1 101% 101% •Belgian Best ss, Opt., ’34.... 06 70 Berne Bs, Nov. 1, ’45 I*9 99% Chile Bs. Feb. 1. ’4l 98% 99 Chinese (Hk.Ky.) ss, June, ’sl 17 47% Christiania Bs. Get. 1. ’45.... 91* 99% Copenhagen 5%5. July 1. '44.. 7.->% 79% Danish Mini Ss. Feb. 1. ’45....100% 101% Denmark Bs. (Jet. 15, ’45 101% 102% Canadian 5%5, Aug. 1, ’21.... Expired •Canadian 5%5, Dec. 1. ’22.... 88% Sit-% •Canadian 5%5, Nov. 1, ’23... 87% 89 •Canadian 5%5. Nov. 1. ’24.... 83% 87% •Canadian ss. Dec. 1, '25 S!% S3 Canadian ss. Apr. 1, "26 92% 93% •Canadian 5%5, Dec. 1. '27.... 87 89 Canadian 5%5, Aug. 1. '29.... 93% I*4 Canadian ss. Apr. 1, '3J 89% 90 •Canadian ss. Oct. 1, ’3l 82% 84% •Canadian 5%5, Nov. 1. 33.... 87% ss-% •Canadian 5%5, Nov. 1. ’34.... 84% 85% Canadian ss. Mch. 1. 37 86 87% •Canadian 5%5. Dee. 1. '37. .. 88% 89% •French (Viet.) ss. Opt., '31.. 01 62 •French 4s, Opt.. '43 45% 50 •French (Prein.i ss. Issue '2O. 7(* : % 71% *l'’reneh (is. Opt., '3l 72% 73% French B<, Sept. 15, ’45 90% 100% •Italian (Troas) ss, Apr. 1, '25 40% 42% •Italian (war* os 31% 32% Jap (first) 4%5, Feb. 15, '25.. 80% 86% Jap (second) 4%5, July 10, '25 SO-% 86% Jap Is. Jan. 1, '3l 71 ;i 72% Norway Bs, Oct. 1. 'to 103 163% Paris 6s. Oct. 18. 21 99% 100 Russian 6%5, June I s . T 9.... 18% 10% Russian 5%5. Dec, 21 15% 19 •Russian 5%5, Fell. 14, '26.... 4 6 Sao Paulo Bs. Jan. 1. '3O 97% 99% Swedish 6s, Juno 15, '39 8:1 87 Swiss 5%5. Aug. 1, '29 ss ss% Swiss Bs. Jnlv 1. '4O 106 106% C. K. 5%5. Nov. 1. '2l 99% 100 I. K. 5%5, Nov. 1, '22 98% 95% C. K. 5%5, .Aug. 1. “29 89 89% F. K. 5%5. Feb. 1. ’37 87% "•7% •I' . K. (Victory) 4s. Issue T 9 27s 287 •F. K. (war loan) ss. 0et.1.‘22 366 380 •I'. K. (war loan) ss. Feb.1,.100 351 375 Zurich Bs. Oct. 15, T 5 99 5 , 100% Brazil Ss. 1911 99% 90 s , French 7%5, 1041 '.*3 06% •Internal loans.

COBPOBTIOS BONDS. Bid. Ask Alum. Cos. of A. 7, Nov. '25 07% S*B‘, A. Cotton Oil os. Sepi. 2. 21. 90 - 91% Auier. Tel. (is, (Jet. 22 !ls% 9.1% Amcr. Tel. (is. Fell.. '24 98% Sls-% Atner. Thread os, Dec . 28 . lai , 97% Aiilcr. Toll. 7s, Nov.. 22 100 100% Anier. Tob. 7s. Nov.. '23. . .BW-, 101 % Ana omla t'.s, Jan.. '29 88 . s!*% Anaconda 7s. Jail.. '29 93 , Anglo A. (til 7%5. Apr . 25 l'O , luo-% Armour 7s, July 15. '3(*. .. '.is % 98 % Atlantic Kef li'-s. Mdi . 'sl lnl% 101% Bell Tel. of Can. 7s. Apr 25 96% its Beth. Steel 7*. July 15, 22 ... 99% 100% Beth. Steel 7s. July 15. '23 98% '.*s% Can. Par. 6s, Mch. 2. *24. ... 97% 9s Cent. Arg. IP os. I-'.T . '27.. 52% 55% C, It. I. & P. *is. Fell. '22 ... its'... 99', Con. Gas Bs, Dec.. 21 b*i% 109% (’upper Exi>. Bs. Felt. 15, 22 100'T 101% Copp* r Exp. Bs. F* i. 15. ‘23. . I'**% lot Copper Exp. Bs, Feb. 15. 24..100% 104% Copper Exp. Bs. Feb 15, "25. .101% Jn_". Cudahy 7s, July 15. '25 9 SS , i*9* . Fed. Sugar (is, Nov, '24 95% 96% Goodri 'h 7s, Apr.. '25 9>% 99% t.ulf Oil o*. July '23 . 97 % 97% Gulf Oil 7s. Feb.. 97% 97% Hocking Aat 6s. Mail . '2l . 04 95 Humble Oil 7-. Mch 15. 25 . 97'., 9V% Int It T. 7s. Sapt , '2l. ... 76 77 K. C. Term *••, Niv. 15. '25 '.8% 9 % Kenn. Copper 7s. Feb. . 92'. 93', I..'icicle Gas 7s. Jail . "29 ... ‘.lie, 91% Lig A Myers (is. Dee. '21... ion luo% Pbiln. Cos. (is. F. b . '22 . . .100% 109% I’rortor A G. 7s, Mch., "22. .. I**'% 101% Procter A G 7. Mch . '23.. .I**l'% 101% Pub. S. r. N J 7s, M 1,.. '22 C 6% '.'7 It. J. I’cyntdd* (is. Aug 22'.. tei% B**% Scars Roebuck 7s, Oct 15. "21 99% Ino% Sears Roebuck 7s, Oct. 15. 22 !*B981 s Sears Roebuck 7s. O' t. 15. '24197% t*7 7 Sinclair 7' s. May 15, "25,, .91 ' 91% s’olvay A Cie v s •),.(. '27 . I*9 l loo Soiillie'u Rv 6s, Mcii . '22. . 97% 97' S AV Bell Tel. 7s. Ait. '25.. 97 9. % Stand, dll K’l'i 7 Jar '.".1 I*'3% 103' S. Oil iN 4 ' 7s. Jan. 25 51 H'2 1IM S ; St. Paul I' I* 5%5. Dec 15, ’25 97 % 97% Swift 7s. Oct 15. "25. . 97% 97% Texas Cos. 7s. Mch. 1 23. .. 99% 100 I'tnh Sec 6s. Sepl 15. "22 . !*l% 92 Waltham Watch os. Aug , "24 . 86 89 Western El 7s. A[>r "25 .4**l% I<*c% AA'estinghouse 7s. May. '34 .101% 101%

—Aug. 25 STOCKS. Bid. Ask. Ind. Ry. A Light com 60 ... Ind Ry. A Light pfd 7< Ipdpls. & N, w pfd 75 Indplt. A S. E. pfd 75 rfndpls. St. U\ 28 T. T. 1. A- Light pfd ... 75 T. 11, I. A K. com. 2% T. fl„ 1 A- E. pfd . 3% 8 U. E. of I ud. com 1 U. T. of Ind. Ist pfd 7 U T. of Ind. 2d pfd 2 Advance-Rumely corn ... Advance-Rutuely pfd Am. Central Life 235 Am. Creosuting pfd 9* 100 Belt R. R. corn 52 Belt R. K. pfd 42% 50 Century Bldg. Cos. pfd 90 Citizens Gag Cos 25 29% Dodge Mfg. Cos. pfd 89% Home Brewing 53 64 Ind. Hotel coni 60 ... Ind. Hotel pfd 90 Ind. Nat. Life Ins. Cos 3% Ind. Title Guaranty Cos 59 65 Ind. Pipe Line 69 75 Indpls. Abattoir pfd 40 50 tndpis. Gas 42 46 Indpls. Tel. Cos. com 2 ... Indpls. Tel. Cos. pfd 90 Mor. Pub. Util, pfd 40 Nat. Motor Car Cos. 3 5 Pub. Sav. Ins. Cos ... liauh Fertilizer pfd ... Stand. Oil of Indiana Sterling Fire Ins. C-> 7 8 Van Camp Hdw. pfd ... Van Camp Prod. Ist pfd Van Camp Prod. 2d pfd Vandalla Coal (do. pfd 8% Vandalia Coal Cos. com 3 Wabash Ry. com 7 Wabash Ry. pfd 18% ... BONDS. Broad Ripple 5s 59 Citizens St. By. 5s 05 75 Ind. Coke a Gas 6s ... Indian Creek Coal Mine Indpls. A South 5s 89 Indpls. A- Martinsv. 5s 43 Indpls. A- Northern 5s 37 .43 Indpls. A N. W. 5s 45 54 Indpls. AN.W. 5s 47% 53% Ind|ils. A S. E. 5s ... Indpls. S. A- S. E. 5s 55 Indpls. St. Ry. 4s 07 73 Indpls. T. A T. 5s 71 79 Kokomo, M. A W. 5s 71 79 T. 11., I. A E. 5s 44 ... U. T. of llld. 5s 47 55 Citizens Gas Cos. 5s 74 79 Indpls. Gas Cos. 5s 71 76 Did. Hotel Cos. 2d Os 93 Indpls. Light A Heat 55.... 73(4 77 Indpls. Water 4%s 66 75 Indpls. Water 5s 80% 89% Mer. 11. A L. Ref. 5s 85% New Tel. Ist 6s 94 New Tel. 1.. D. 5s 93% ... Sou; Ind. Power 5* 100 LIBERTY' BONDS. Liberty first 3%s 87.88 SS.IS Liberty first 4(4* 87.02 88.00 Liberty second 4(4* 87 54 87 *0 Liberty third 4 (4s 91.66 91.90 Liberty fourth i%s 87.74 88.00 Victory loan 3%s 9*60 95.80 Victory loan 4%s 98.62 9S.SO CLEVELAND PRODUCE. CLEVELAND. Aug. 25.—Butter—Extra, in tubs, 43%©. 44c; prints 44%@45c; extra firsts, 12%@43e; firsts. 41%(042e; seconds, 31%<033e; packing stock, lijfti 18e. Eggs—Fresh gathered, northern extras, 40e; extra firsts. 39c: Ohio firsts, now eases, 35c: old cusis, 34c: western firsts, new cases, 35c. Poultry—Live heavy fowls, 29<03n0: light fowls. 24@25e’: roosters. 15@10e; broilers, 25@20c; live spring ducks, 251026 c. CHICAGO PRODUCE. CHICAGO, Aug. 25.—Butter—Receipts. 8350 tubs; creamery extra, 37c; firsts, 32%<0.35%c; packing stock. 23(0 2te. Eggs —Receipts, 6,278 eases; current receipts, 27(028c; ordinary firsts, 24(027e; firsts, 29@31e; cheeks. 18(019c; dirties. 15(it 2lc. Cheese—Twins (new), 19c; daisies, 79c; young Americans. 19%o; longhorns, 20c; brick. 20%ft|2lc. Live poultry— Turkeys, 35c; chickens, 21e; springs, 25c; ■tested IC9i geese. 20c; ducks, 26c.

SWINE VALUES UP 25 TO 35 CENTS Calves Steady, Lambs Lower, Cattle Trade Again Dull. RANGE OF HOG PRICES. Good Good Good Airg. Mixed. Heavy. Light, j IS. $9.15® 9.65 $8.75® 8.85 $9.90 19. 9.40® 9.90 9.00® 9.10 10.25®10.35 | 20. 9.15® 9.70 8.75® 9.00 [email protected] ) 22. 9.00® 9.25 8.50® 9.00 9.50 23. 9.00 8.50® 8.75 9.25 24. 9.25 8.75® 9.00 9.40® 9.60 25. 9.50 8.75® 9.25 9.75® 9.85 The upward trend of swine prices which started yesterday was continued on the local live stock exchange today. A'ulues were generally 25 to 35 cents higher, with light receipts and a good demand by both local packers and shippers. The .higher price tendencies of ether of the principal swine markets of die country was also a contributing factor. Light swine generally brought S9.So, while the bulk of that grade sold at (9.75. There were, however, a few scattered sales of that grade at $9.80. Mixed mil mediums generally brought $9 50. while heavies sold at $8.75(1,9.25. There was little demand for pigs, which sold at $8.50 and down according to the quality. Roughs brought $7.59 and down, with (lie bulk of the best of that grade selling at $7.25. Th > bulk of (be sales for the day ranged at (9.507*9.75. Receipts for the day ran close to 5,500, with 700 held over from the market of (he previous dav. Th re was a continued dullness of tune th the trade on the cattle market, with stale receipts much larger than tte fresh and packers again indisposed to buy many cattle even at lower prices. Speculators were again active. Fresh receipts for the day approximated 709. One of th~ biggest factors to the present demoralized condition of the cattle market is the rush* of western cattle fr'iui the ranges to tlm markets. This movement is now in full swing and catlie men have little hopes of improvement until Mint movement nas passed. Several western cattle have been shipped to the loeal market for sale within the past few days. There was a fair demand for all grades of veals, except the extreme common stuff, and prices were generally steady. There was a top of sll on choice veals, while the bulk of that grade brought 5106* 10.30. With 1.000 sheep and lambs on the mark i. sheep values were steady and lambs prices SI lower. t’hoiie ew • and wether lambs brought ss, while other grades of lambs were proportionally lower.

HOGS. Best light hogs. 100 to 200 llis average 9-J3® 9.55 j Over 3ik* lbs 8.75 200 to 300 lbs 8.75tgi9.50 Sows 6.2.i(g * .o') Stags . 4.50(4 5.50 Best pigs, under 140 1b5.... 7.s*i*g, 8.50 Top 9-85 Bulk of sales 9.50*$ 9.75 CATTLE. Prime eornfed steers. 1,300 to 1.800 lbs B.oo® 9.25 Good to choice steers, 1,200 to 1,300 lbs 7.50® 8.00 Good to choice steers, 1.100 to 1,200 lbs 7 00® 7.50 Good to choice steers, 1.000 to 1.100 lbs 6.25® 7.00 Common to medium steer*. 800 to 1,000 lbs 5.25® 0.25 —Heifers and Cows — Good to choice heifers 7 50® 8.00 Medium heifers 6.25® 7.25 Common to good heifers 5.00® 6.50 (rood to choice cows 4.00® 3.00 Fair to medium cows 2.30® 3.00 Cutters 2 00® 3.00 Cauner* •’3® 2.09 —Bulls— Good to choice butcher bulls 4.75® 5.30 Bologna bulls 4.00® 4.75 Light bologna bulls 3.23® 4.0(i Light to common bulls 3.00® 3.23 —C’alevs— Choice veals 10 1 0®10.50 Good veals 9.00® 9.50 Medium veals 7.09® 8.50 Ligbtweigut v. ais 6.00® 7.09 Common heavyweight veals.. 5.00® 6.00 —Stockers and Feeders — (rood to • holce ste< rs. uuder 800 lbs s.(*o® 600 Medium cows 2.UO® 3.00 Good eoxvs 3.00® 4 00 Good heifers 5.50® 7.0*1 Medium to good heifers.. .N 4.00® 5.03 SHEEP AND LAMBS. Ewes 2 50® 3.30 Bucks 1.50® 2.30 Choice ewe ami wether iambs 7.00® 8.50 Seconds * 6 (***>( 7.0*1 Buck lambs 6.00® 6.50 Cuil lambs 2.00® 4.30

Other Livestock

CHICAGO, ,\ug. 20. Hogs Receipts. 14,"00; market, mostly 10®25e higher; bulk, s7.4oftjfi.os: top, $9.90: heavyweight. $s ; .'(/!*. H>: medium weight. $9.40(09.65; light weight, $9.50(0,9.75; light lights, 55.75(09 00: heavy [lacking sows, smooth, $7.50© *: parking sows, rough. $7(07.30; pigs, 's*(o9. Cattle-Receipts. 6.000; market steady to higher; beef steers, choice and prime, $8(010.25; medium and good, .$6.50(09.10; good and choice. $*.25(010.25: common ami medium. $5(08.25; butcher cattle, heifers, $4(08.75; cows. $3.50(07; hulls, $3,50(0.6.50; eanners and cutters, cows and heifers, [email protected]; cauner sleej-s, $2.50(03.25; veal calves (light an 1 ban Vk.w eight 1, $9(0:11.25; feeder steers, *5.25(0 7.50; stocker steers. $4(06.75; stock er cows and heifers. $3(05. Sheep—Receipts, 2,400; market mostly steady: lambs (84 lbs. down), $7.50(010: culls and common. $5(07..30; yearling wethers. $6.25 ft/:*; ewes, $3.25(05.25; culls and common. $1.50(i/3; breeding ewes, $5.50(0 7; feeder lambs, $6.25(08. CINCINNATI, Aug. 25.—Hogs—Reicipts, 4.5(H); market, steady to 25c higher; heavies, $8.75(09.25; mixed, mediums and lights. $9.75; pigs, $9: roughs, $6.75; stags. $5.50(05.30. Cattle—Receipts, 1,100; murk-t. weak: bulls, weak: calves, $10.50; few, sll. Sheep and lambs—Receipts. 4,500; market, weak to 50c lower; ewes, st<o:4: choice lambs, $10.75; seconds, S6(O 0.50; culls, $3(04. CLEVELAND, Aug. 23.—Hogs— Receipts. 2.5(H); market, 35c up; yorkers, $10.35; mixed, $10.33; mediums, $10.35; pigs. $8.50(0 9: roughs, $0.75; stags, $4.73. Cattle—Receipts, 230; market weak. Sheep and lambs—Receipts, 1.000: market 50c lower; top, $lO. Calves—Receipts, 250; market strong; top, sl3. Uogs Receipts, 0.500; market 10c to toe higher; mixed and butchers. $9.29(0 9.75; good heavies. $0(0 9.40; roughs, $6.50 (0 7.25: lights. $9.00(09.80: pigs, $8.25(0 9 60: bulk Os sales, $9.30(09.65. CattleReceipts, 1,500; market steady; native beef steers, $8(09.35; yearling steers and heifers. $9(010; cows. $1(05; stoekers and feeders, $5 75(00.25; calves, $8(09: entitle: sand cutters, $2(03. Sheep ami lambs Receipts. 2,000; market, steady; mutton ewes. $4.50(05: lambs, $8(08.50; dinners and choppers. $1(03. PITTSBURGH. Aug. 25.—Cattle—Receipts, light: market, steady; good. $8(: 8 25; veal calves, $11.50(0 12.50. Sheep and iambs—Receipts, fair; market, steady: prime weathers, $5,111(05.50: good. S4(O 4.50; mixed, fair. S4(O 4.50; spring lambs, s9.softi 1" 50. Hogs—Receipts, light: market, higher: prime heavies. $9.15(09.40: mediums. $10,40(010.50: heavy Workers. $10.40(010.50: light Yorkers, [email protected]; pigs, $9.15(0 9.40; roughs, $7.25(07.50; stags, s4ftts. EAST BUFFALO. Aug. 23.-Cattle—Re-ceipts. 500: market slow, 50c lower; shipping steers. $9.25(010.25: butcher grades, $7.5<1@9: cows, $1.50(0 5.75. Calves—Receipts. 100: market active and 50c up; cutis to choice. $5(0,13. Sheep and lambs Receipts. 2.200; market dull and 50(0: 75e down: choice lambs. $10.50(010.75; culls to fair, $6.50(010; yearlings. $0(0 7.50: sheep. $1(05.50. Hogs—Receipts. 2.800: market active, 23<0:350 up; yorkers. $0.50(010.60; pigs, $9(09.50; mixed, $10.25(0110.50; heavies, $9(09.75; roughs. $0(06.75; stags, $4.50(05. INDIANAPOLIS PRODI CE. Eggs Loss off, 28©30c. Butter Packing stock, 17(0 IS. Poultry—Fowl, 18(0' 24e; springers, 23@25r : corks. lO(012c; old hen turkeys, 25c; old tom turkeys, 20(0 23c; cull' thin turkeys not wanted: ducks, ( lbs and up. 13(010c: spring ducks, 3 lbs and Yip, 16(017e; geese, 10 lbs and up, 9(010c; squabs, 11 lbs to the dozen, $3. Butteifat—Local dealers are paying 08c [.er pound for butterfat delivered in Inilianapolfis. Buttes —Local dealers are paying 40c per podud for butter delivered in Indianapolis.

Local Curb Market

(By Newton Todd.) —Aug. 25 Bid. Ask. American Hominy com 14 22 Burdick Tire and Rubber... IVi 3 Capital Film Cos 1 2% Choate Oil % 1% Colum. Fire ins. Cos 6 7% Comet Auto 1% 2% Dayton Rubber Units 63 <0 Duesenberg Motor Units 65 75 Elgin Motor Car. 3% 5 U. 8. Automotive Units 80 90 Fed. Fin. Cos. com 72 82 Fed. Fin. Cos., com 122 135 Gt. Sou. Prod. & Ref. units. 36% Haynes Motor com 118 Hurst & Cos., com 1 2% Hurst & Cos., pfd 50 70 Indpls. Securities, pfd 2% 3% Majestic Tire 10% 18 Metro. 5-50 e Stores, com 10 20 Metro. 5-30 c Stores, pfd 30 35 Rnb-Tex. Units 18 23_ Revere Motor % % Stevenson Gear units 6 7 U. S. Mtg. Cos. units 175 IS3 State Sav. and Trust Cos. .. 88 93, Stevens-Duryea units 6<i CS

Weather

The following table shows the state of the weather in other cities at 7 a. m., Aug. 25, as observed by United States Weather Bureaus: Station Bar. Temp. Weather Indianapolis, Ind .. 39.11 7t PtCldy Atlanta, Ga 39.18 68 Cloudy Amarillo, Tex. .. 30.08 68 Clear Blsmark, X. D .. 29.8(5 72 Clear Boston, Mass : 10.32 *6 Clear Chicago 30.12 72 Clear Cincinnati 30.14 66 (Tear Cleveland 30.10 64 Clear Denver, Colo 30.04 58 Clear Dodge City. Kas. . 20.9s 7 > Clear Helena, Mont 30.04 34 Clear Jacksonville. Fla. .. 30.08 TANARUS! Cloudy Kansas City. Mo. . 30.04 71 Rain Louisville. K.v. ... 30.14 70 Clear Little Itoek. Ark. . 30.06 78 Cloudy Los Angels, Cal... 29.5*4 69 Clear Mobile. Ala 3J.00 76 Cloudy New Orleans. La. .. 39.04 8* Clear New York, X. Y.. :.28 68 Clear Norfolk, Va 30.20 70 Clear Oklahoma City 30.02 76 Clear Omaha. Neb 29.94 7 4 Clear Philadelphia. Pa. .. 30.2$ ft! ("ear Pittsburgh, Pa. ... 30.18 iS Clear Portland, Ore 39.12 54 PtCldy Rapid City. S. D.. 29.88 64 PtCldy Roseburg. ore 3". lo 48 Clear San Antonio, Tex.. 30.02 76’ (Tear San Francisco, Cal. 29.96 54 Cloudy St. Louis, Mo. ... 30.0*1 74 Cloudy St. Paul, Minn. .. 30.10 64 Clear Tampa, Fla 30.04 76 PtCldy Washington, D. C.. 30.24 66 Clear WEATHER CONDITIONS. Since Wednesday morning showers have occurred in (he southeastern ami central-western parts of the country and on tile extreme north Pacific coast, while elsewhere fair weather has prevailed. It is somewhat warmer in tile northern States from the great plains eastward, and a little cooler to the westward. CORN AND WHEAT BULLETIN. For the twenty four hours ending at 7 a. m.. 90th meridian time, Thursday, Aug. 25, 1921: | Temper-1 i ! ature. Stations of | j I * Indianapolis %s' - District. f j TJf JL'l c. South Bend |B7j 66 6 I Good Angola 85 p Good Ft. Wayne i .86 1 62 0 Wheat field 88 65 0 Good Royal Center 184 64 0 Good Marion 90 62 0 Good Lafayette * 86 ; 69 0 Good Farmland I Ss 61 0 Good Indianapolis 87 7o 0 Good Cambridge City, sii :57 : •' Good Torre Haute .86 68 0 Good Bloomington .... : 87 62 j 0 Good Columbus 90 | 65 0 Rough Vincennes iB9 05 0 Gooil Evansville 82 60 0 j:7l"a RM ING TONk ' Meteorologist, Weather Bureau.

Booze Watchman Not Implicated in Theft Orville Duncan, whose address is given in the city directory as 213 North Oriental street. Federal warehouse guard at the plant of the Commercial Distillery Company warehouse, Terre Haute, has been absolved of all blame in eonneetion with the theft of ten barrels of whisky from the warehouse early Tuesday, according to statement of Manford Livengood, chief deputy collector of internal revenue. Wheu the news was given out from Torre Haute, it was said officials declared it would have been difficult for the theft to have been carried oat without Duncan's knowledge. According to Mr. I.ivengood, Duncan was not on duty at the time of the robbery. His hours at the plant were from 4 o'clock p. m. to midnight. At midnight the regular plant watchman let Duncan out of the gate and he left the place. The robbery occurred sometime after that hour.

Marriage Licenses. George Tierman, 21. E. St. Joseph st. 24 Sylvia Bird, 751 Lexington ave 22 Cyrus Trowbridge. 1156 E. Aster st.. 54 Mary Lewis, Worthington County, Ky. 52 William Hubbard. 541 W. Thirtieth st 62 Margaret Bcnnette, 451 W. Thirtieth st. 59 Russell Williams. Sheridan. Ind 25 Gertrude Miedena, 218 E. Nineteenth. 24 Culver Mitchell, 2207 Martindale ave.. 45 Anna Kiser, 231 E. New York st 46 Bradford Noyes. Jr., Ithaca. X. Y 20 Isabell Davidson, 2154 N. Illinois st... 22 William Bradley. 2923 E. Washington 39 Mary Gisler. 232 I’arkview ave 3S Richard Boswell. 620 Raymond st 33 Bertha Young. Brookville road 33 Worthington Day, 1244 Newman st.. 0$ Sariah Esker, Broad Ripple, Ind 60 Births John and Nellie Golden, 1961 Hazel, girl. Herald and Mary Vice, 933% West Thirtieth, girl. Walker and Aurelia Johnson, 1613 Broadway, boy. Frank and Anna Baker, Methodist Hospital. girl. John and Nora Baylan, 3508 Prospect, girl. Elisha and Lola Phillips, 1318 Miller, boy. Frank and Goldie Stadtlander, 656 Livingston, bey. Frank and Lula White, 1507 Martindale, girl. Elmer and Hazel Shirrfnan, 3351 Guilford. girl. Jobu and Mamie Paxton, city hospital, boy. Edward and Elnora Dillehay, 6015 Bonna, boy. Howard and Gladys Sjicar, 103 Norlli Euclid, girl. Paul and Nora Ragan, 1144 North Gross, boy. Isaac and Grace Gowan, 113 East Michigan, boy. Deaths Charles Frederick Langjahr, 66. 1020 West Thirty-Third, cerebral apoplexy. RETURNS FROM VACATION. William Evans, prosecuting attorney for Marion County, has “returned to his office after spending a week in the lake district of Michigan. Mr. Evans was accompanied by his sisfer, and Mr. and Mrs. Claris Adams. The trip was made in M 2. Evans’ car.

Money to loan on Mortgages STATE LIFE IHURMUE CO' 'H* BANK ii IMIS! COMPANY SIB SELL 41S LEMCXE BLDG. TODD

RALSTON TO TALK TO NEGRO VOTERS Seeks to Break Into ‘Solid South.’ Boyd M. Ralston, Democratic nominee for mayor, will make bis first campaign appearance before an audience of negro voters Sunday evening when he Is scheduled to speak to the congregation of the Senate Avenue Presbyterian Church, Fourteenth street and Senate avenue. Politicians received the announcement today with considerable uterest because it is understood the Democrats intend to make an attempt t*> break the “solid south" hold the Republicans have had on negro votes in Marion County for many years. Mr. Ralston said he would speak on the "colored man and his relation to the church, State and home and his position in polities." He said he was not going to mince words and that he wax gaing to "call a spade a spade.” Democrats of Irvington will gather tonight. at the home of Mr. and Mrs. Edgar Perkins, 337 Downey avenue, to hear Mr. Ralston. Thomas Garvin, nominee for city judge and Mrs. Grace Jackson Bodenmiller, women's city organizer. Mr. Perkins was defeated for the mayoralty nomination by Mr. Ralston, Other Democratic meetings for this evening were to lie in the Fourteenth precinct of the First ward at 1516 North Tuxedo street, the Sixth precinct of tii First ward at 1717 Roosevelt avenue, Third precinct of tlie Tenth ward at 2053* Southeastern avenue, the Fifth precinct of tlie Tenth ward at 1550 Spann avenue, the Eighth precinct of the Tenth ward at 1211 St. Paul street, and the Tenth precinct of the Tenth \xard at Last Raymond strept. Republican have scheduled an executive committee meeting in the Second precinct of tiie Twelfth ward at 29 South West street for this evening. Tiie newly appointed Republican ward committee women will meet with Mrs. j M. B. Spellman, women's city chairman, I at city headquarters in the Lemcke an- ; nex, for instructions and discussion ot I precinct committee women appointments at 2 o'clock Friday afternoon. Republican; women registration notaries will receive fine.) instructions at city headquarters on Friday evening.

How to Pay Subway Lighting, Question Whether special lighting systems for : (he subways under the downtown elevated railroad tracks shall be paid for i out of track elevation funds or by the board of public wor'-s under the streetlighting contract with the Merchants Heat and Light Company was a question askeil of Corporation Counsel Samuel Ashby byjJobn L. Elliott, assistant city civil engineer in charge of track eiej vation. Mr. Ashby said he has not fori mutated an opinion in reply. I it will cost approximately $2,090 each to light the subways by the plan under consideration. Mr. Elliott said. Lights* are to be placed overhead among the i steel girders of the elevation, instead ot on columns, ns under the plan now in use in some subways. This will eliminate the direct glare into motorist's eyes, f which is noticeable with the column lights, it was said. T. H. Women Active in Garbage Fight Special to The Times. TERRE HAUTE. Ind . Aug. 23. Weeks of waiting far an improvement in rhe methods of collecting garbage in this city reached a climax Wednesday when i lie League of Women Voters of Terre i Haute threatened to hire private indi- | viduals to haul the garbage out of the ; city. A letter was sent to the board of health demanding immediate action. I Claim is made that garbage is aceumu--1 lating in alleys in heaps, not having i been touched for weeks. A city ordinance sets out that it will be unlawful for any person to haul garhuge from the city without permission. The league has issued a statement saying that it would take this step immediately and would stand back of the j hauler in case of trouble.

Cathedral Student Wins Essay Contest The essay of an Indianapolis boy has been chosen as the best in Indiana in the Firestone scholarship contest which has as its prize four years’ university attendance. The subject of the essays is "Good Roads—Highway Transport.” The Indiana winner is Paul J. Harrington, 17,1" 2214 Central avenue, a senior at the SS. Peter and Paul Cathedral High School. The essay will he sent to a national committee. which will consider one essay from each State and award the scholarship to the author of the best. Irene Folhemus. Kiverdale, wa* given second place; George Dillon, Muncie, third: Bernard James Malloy, Collegevine. fourth, and Joseph Sofual, 2101 East Washington street, fifth. Sahm to Address 7th District Club The Seventh Distriat Democratic Women's Club will meet Friday evening at 8 •’clock nt the Indiana Democratic Club. Albert Sulim of Indianapolis w ill speak on the proposed constitutional amendments and Judge Florence Allen of Cleveland. Ohio, the only woman judge in the United States, will be a special guest.

HOOSIER DEATHS

GREKNSBI'RG — Mrs. Nancy Templeton is dead at the home of her sister, Mrs. John C. Pewner, here, following a three months' illness. Two sons, John Temp'eton of Indianapolis, and Elmer Templeton of Ennis, Mont., survive. NOBI.ESVI LLE—Edward Orr, 45. Iff" dead at his home in the northern part of Hamilton County of paralysis. The widow and three children survive. ANDERSON James Mlnniok. _ 65. known for years ns the *'bee king” of Madison County, is dead at his home in Leesburg. Fla. The body will be brought here for burial. HARTFORD ClTY—Frank M. T.rown; 87. of this city, a veteran of the Civil War. is dead at. the National Soldiers' Home at Hampton, Va. The widow survives. ACCIDENT BRINGS DEATH. Carl C. Threlkeld, 3S. of Whiteland, died today at the St. Francis hospital at Beech Grove, as a result of an automobile accident Aug. 10, in which six persons were injured. The accident occurred two miles west of Cumberland on the National road. Dr. Paul F. Robinson, coroner, is investigating.