Indianapolis Times, Volume 34, Number 93, Indianapolis, Marion County, 29 August 1921 — Page 10

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CONGRESS NOT AIDING RETURN OF ‘NORMALCY’ Failure to Pass R. R. Refund Bill Proves Big Disappointment. CONFIDENCE INCREASES Special to Indiana Dally Times and Philadelphia Public Ledger. NEW YORK, Aug. 2).—Whether the strength that developed toward the close cl ‘he week In security markets Is merely Lie result of a covering movement on the part of professional bars or the beginning of a permanent turn toward better things only the future can tell. Shorts may be easily frightened into reducing their commitments, thus bringing about a substantial rise, but confidence in a sustained upward movement may be lacking. There are many sound judges of market conditions who believe that security prices are too low, no matter what happens. The trouble with this optimistic view !■ that it has been held for a long time, and prices have kept declining. The pessimists hold to the theory that it will be a long time before the earnings of industrial corporations are on the upgrade and nntil profits begin to show, or there Is a basis for believing they soon will make their appearance, there is no incentive for buying stocks. Those who are hopefully inclined argne that profits already are making their appearance in the case of certain corporations, particularly holding large Inventories that have been affected by the hardening of commodity prices such as in the case of leather and rubber. The advance iu these staples, however, has not been sufficient to affect asaets materially, and moreover it is doubtful If recovery to the basis at which they are carried on the books of the various concerns will be reached for sometim* to come. CONGRESS FAILS ON VIIL BILL. Broadly speaking, the developments of the wek have not boen particularly encouraging. Congress has been a severe dlesrpolntment. It had been hoped the railroad funding bill granting relief to the railroads would be enacted before the Washington legislators took their recess. It Is no secret in well Informed quarters that not only was there the most meagre chance the hill could be forced through at ihis session, but it is even doubtful whether It will become a law without material modifications that will minimize its beneficial effect for the carriers. Nevertheless, the railroads are beginning to show the benefits resulting from economics Instituted by management and the savings accruing from the wage reductions ordered by the railway labor board. In some cases, notably in the Instance of Pennsylvania, the increase In not. despite the relatively moderate gain In gross. Is almost startling. The railway executives have done everything in their power to jnstlfy confidence and a reasonable recognition of transportation seeds. Undoubtedly the two factors that hHve combined to give more confidence than anything else are represented by evidence of the growing case In money and the feeling that the country Is too rich In resources, productive capacity and outstanding business courage to yield to t long period of depression. Congress, with its demagogic Incapacity for recognizing economic requirements may rut hampering restr! tlons in the wav of enterprise. Our financial and Industrial leaders may make mistakes of judgment and may be guilty of glaring sins of omission and commission. Nevertheless. It Is felt the abounding natural wealth of tha country and the composite fortitude of Its business element represent forces that cannot be denied. •AY DEPRESSION

ON DECLINE. Almdv the accumulation of liquid funds 1* reflected in lower call rates, which thia time are not regarded aa incidents of a day. but rather as evidences of a tendency. The hardening prices of bond* show a cautious but persistent investment spirit. People have funds to put into securities, bht until the outlook is more clear, they prefer to be creditors rather than partners. Consequently, thev buy bonds in preference to stocks. The time is coming when tbe influx of cap ltal thus acquired either through the rise In old securities or the purchase of new issnes will Cad its way Into Industry which, quickened by the Use-blood of fresh resources, will show signs of revival and the beginnings of profits. An Important development of tbe week has been the almost sensational rise In cotton which should result In the release of many ••frozen” loans In the South and place the cotton belt In a position of prosperity which was hardly to be thought of even aa late as June.—Copyright, 1921, by Public Ledger Company. WALL STREET GOSSIP BY MONITOR. The market opened at about Friday * close and with considerable activity for tbe first fifteen minutes A few specialties uutde new high figures for the present temporary move, but the general body of stocks changed only fractionally. Profit taking speedily made its appearance, .and this first became apparent in American woolen. The selling in this stock on ths 5 point rise was extremely £oo and. and the telling was for the spme itsitstx The rail* were reactionary almost from the opening Losses of a point or more were sprinkled throughout the active list. Northern Pacific was the weakest feature of this group. In conservative quarter* it is f“lt the present rate of dividend will not be maintained, and on every bulge there is important selling. The tobacco stocks were among the features of strength, although the movement -here is beliered to be solely to facilitate liquidation. It is felt the companies cannot maintain their present war peak prices, and that readjustments must occur which will affect unfavorably the stocks of these companies. In addition to this is tbe probability of increased taut ten. Possible labor troubles on the railroads are taken Into consideration by many firms in their analysis of the railroad situation. The action of the shop crafts in refusing to accept the ruling of the Federal Labor Railroad Board on overtime for Sunday work Indicated there re mains the possibility of transportation disturbances. Gen. W. AV. Atterbury* statement of antagonism to the Labor Bo~d made it clear neither tbe employes net' the carriers are satisfied with the present situation, and that despite the more favorable earnings statements which the curriers are making. Com product* la one of the stocks which has held firmly through the recent decMne*. The speculative group controlling its movements is very powerful, and thus far have not allowed the shorts to make any money in it. There are some Indications, however, that distribution of an important character by this group has taken place, and in some quarters wouldbe purchasers are cautioned against buying it except on material recessions. The steels were lethargic, although there was some comment on the comparatively Urge quantity of C. S. Steel which changed hands at 74H Repeated quotations at this figure raised the questlo of whether support stock was coming on the market or buying for. important Interests was In evidence. Investigation of both buyers and sellers suggested that short covering was responsible for most of the buying orders. Reports that the directors of the General Electric Company will authorize an • Increase In the stock dividend were responsible for the strength in that Issue, which sold at 118, more than eight points abeve its recent low. There was a considerable short interest in this stock accuaanlated on the way down to 110, and 't bnyine for this account that was

N. T. Stock Exchange —Aug. 29 Prev. High. Low. Close, close. Allied Chem. .. 37% 36% 86% 11% Ajax Rubber .. 19% 19% 19% 36% Allls-Chalmers. . 30 29% 29% 29% Am. Agricultural 28% 26% 27% 28% A. Bosch M. Cos. 32 32 32 32% Am. Car k F. 123% 122 123% 122 Am. Can 23% 25% 25% 25 A. H &L. Com. 10% 10% 10% 9% Am H. & L nfd. 46% 46% 46% 46% Am. Drug 4% 4% 4% Am Inter. Cor. 27 25% 26% 20% Am. Linseed .. 18% 18% 18% 18% Am. Locomotive 86% 84% 85% 83 Am. Smelt. AR. 32 31% 32 31% Am. Sugar Rf. 61% 59 60% 61% j Am. Sum. T. Cos. 40 37% 39 38% Am. S. Fdy 22% 22 22% 22 Am. Tel. A Te 1.106 105% 106% 195% Am. Tobacco -.121% 121 121% 121 Am Woolen 70% 68% 69% 69% At. Coast Une.. 85 85 85 Ana. Min. C 0... 33% 33% 33% 33% Atchison 85 84 % 85 84% At G &W. 1... 21% 20% 21 20% Baldwin Loco.. 75% 73% 74% 73% B * 0 37% 34% 38% 86% Beth. Steel (B) 49 47% 48% 48% Cal. Pete 33% Sl% 83 31% Can. Ps>e. Ry... 114% 113% 113% 113% Cent. Leather... 25% 24% 25% 24% Chand. Motors.. 41% 39% 41% 42% C. * 0 53 52 % 53 51% C., M. &S. P... 23% 24% 24% 25 C M A S.P.pfd. 38% 37% 37% 38Chi. &N. \V.... 61% 64% 64% 64% C R. I.A P ... 31% 30% 31% 30% C.R.I.&P 6pc pfd 64% 64% 64% 01% C RI.AP.7pc pfd 73% 75% 75% 73% Chili Copper... 9% 9% 9% 9% Chino Copper... 21% 21 21% 20% Coca Cola 34% 33 84 33% Columbia Gas.. 54 53 54 62% Columbia Graph 3% 8% 3% 3% Cons. Gas 85% 85 85% 84% Cont. Can 38 35% 33% 36 Cosden Oil 25% 23% 24% 23% Corn, Products.. 60% 03% 00% 63% Crucible Steel.. 53 53 % 54 53% Cuban-Am. Sug. 13% 12% 12% 18% Cuba Cane Sug. 8 7% S 7% Del. & Hudson. 99% 99% 99% Endicott 69 58% 59 59 Erie 13% 13 13 IS Erie Ist pfd... 13% 18 18% 18 Famous Players 60>-, 57% 37% 61 Fisk Rubber Cos. 8 8% $% 9 Oeneral Asphalt 44% 42% 43 43% Gen. Electric 121% 118% 121% 117% Gen. Motors 9% 9% 9% 9% Goodrich 30 30 30 30 Gt. North, pfd. 73 71% 72% 71% Gt. North. Ore.. 28% 27% 28% 27% Gulf States Steel 32% 32% 32% 81 Houston 0i1.... 44% 43 44% 42% Inspiration Cop. 80% 30% 30% 30 Interbcro Corp. 32% 2% 3% Invinciple 0H... S% 8% 8% 8% lot. Harvester.. 73% 72% 73 72 Int’l Nickel .... 12% 12% 12% 12 Inter. Paper ... 43% 42% 42% 41% IsL Oil k Trans. 2% 2% 2% 2% K .C. Southern. 24% 24 24% 24 Kelly-Spring. .. 37% 35% 87% 36% Kennecott Cop.. 18 17% 17% 17% Lackwana Steel 37 87 37 37 Lehigh Valley 49% Loews, Inc. ... 11% 11% 11% 11% Loft Candy .... 8% 8% 8% L. A X 107 106% 107 Marine Com. ... 8% 8% 8% 8% Marine Pfd .. 39% 30% 59% 38% Max S 75% 75% 75% Mex. Petroleum 98% 94 95% 9* Miami Copper . 19% 18% 18% 19 M. States Oil.. 11 10% 10% 11 Mid. Steel 23% 23 23% 23% M. Fae. Ry. . 18% 18% 18% 18% Mis. Pae. Pfd. .37 36 86 % 30% X. E. & Stamp .32 31% 32 Sl% National la*ad . 72% 72% 72% N. Con Copper. 9% 9% 9% 9% N. Y. Air Brake 51 50 50 .... N. Y. Central.. 71% 70% 71 70% New Hnvon ... 15% 14% 15 14% Northern Pacific 74% 72 72% 72% Ok. P & Rt. Cos. 1% 1% 1% *l% I"a rifle Oil 34% 34% 84% 34% Pan Am Petrol. 44% 42% 43% 42% Penna. Ry 38 37% 88 37% ; People's Gas 63% 52% 53% 54% Perce Arrow... 10% 9% 10% 10% Pere Marquette. 18% 18% 18% 18% Pressed *Stl. Car 51% 51 51% 51% Pull. Pal. Car.. 92% 91 92% 91% Ry. St!. Springs 75% 75% 76% 75% Pure Oil 24 23 24 23% Reading 66% 60% 66 05% Rep. Iron & Stl. 45% 45 45% 44% Roy. D. of N V. 47% 40% 47% 46% S-ars Roebuck.. 63% 61% 03:1 02% Sinclair 18% 17% 18% 18 Slogs S. B. k I. 33 32 % 33 83% South. Pac 77% 76% 77 % 76% South Rv 19% 19 19% 19 St. L. & few. Ry 23% 23% 23% 2364 Stand Oil. N. J 132 132 132 183% St. L. &S. F. Cos. 22% 22 22% 22% Stromberg Carb 27 27 27 27 Studebaker 69% 07% 68% 60% Texas On 34% 83% 84% 84% Tex. k Pac 23 22% 22% 22 Tobaco Prod 00 59 % 59% 60 Tranacont. OH.. 6% 6 6% 0% TTnion Oil 16% 16% 15% 15% Union Use 120% 119% 120% 11% Unit. Ret. Stores 61% 60% 50% 50% U. 8. Food Corp. 1% 16 16 16% United Fruit C 0.105% 103 VI 105% 103% United Drue.... fil 40% 47% 61 U. S. Ind Alco.. 40% 45% 10% 4H U. S. Rubber... 44% 41% 43% 42% T S Steel 74% 73% 73% 74% Utah Copper . 44% 436* 44% 42% Vanadium Steel 27% 27 27% 27 Wabaeb 7% 7% 7% 7% Wabash Ist pfd 20% 20% 20% 20% White Ail 7% 7% 7% 9 Wesths Elec. 48% 42% 43% 42% WUlys-Overland 5% 5% 5 % 5% Worth. Pump.. 34% 35 35 35 •Ux-divldend.

NEW YORK LIBERTY BONDS. Prev. High. Low. Clone. Close. Liberty 3%s 87.74 87.08 87.88 87.80 Liberty Ist 4s 87.92 87 88 Liberty 2d 4s 87.80 Liberty l=t 4%5. 87.02 87.72 87 78 87.84 Liberty 2d 414*. 87.84 87.74 87.84 87.74 Liberty 3d 4N5...01.08 01.80 01 00 01 M Liberty 4th 4*,*B. 88.08 87.94 87.08 87.98 Victory 3%s 98.78 Victory 4%s 08.80 08.78 98.78 98.78 CHICAGO STOCKS. (By Thomson 4 McKinnon ) —Aug. 20— Open. High. Low Close. Carb. & Carb. 43'* 44 4314 43% Liatlsay Light. 814 ..... Montgy.-Ward.. 16% Natl. Leather... 7% 7% 7 i Ftggly Wiggly. 1214 124* 12 J 2 Reo Motors 18*4 18% 18(4 Is% Sears Roebuck. 82% 03 81** 01a* Stewart Warner 23% 23% 23 23 Swift & Cos 93 05% 95 93% Swift Internatl. 22 22 % 22 22% responsible for the sharp advance at the close of the week. The Miller Rubber Company has deferred action on the regular quarterly dividend due at this time. President Pfeiffer told the stockholders that sine* the first of the year the company's Indebtedness had been reduced from $8 878000 to $2,400,000. of which $1,400,000 is due the banka. Cash on hand, he says, amounts to $1,200,000 and accounts receivable $3,100,000. The Keystone Tire Company reported a net operating loss of $247,018 for tbe first six months of the year. Total deficit after taxes and charges Is $279,729. A statement accompanying the report says this deficit is wholly a bookkeeping lost due to reserve accounts for depreciation, etc., as of Dec. 31, which will be adjusted at the end of this year. The order of the Interstate Commerce Commission permitting reductions of from 20 to 25 per cent In freight rates on steel, steel products and pig iron for export applicable to roads enst of the Mississippi River, was received with mixed comment lu the street. Save for some comparatively small orders for Japan and China, export sales of these products have been very small and men in the Industry here see little Indication of any immediate improvement lu the condition. Publication or the order was not a material factor in the movement of prices today. The statement of clearing house banks was quite as favorable as the most optimistic reports had indicates. Loans and discounts decreased s27.Bloff>. net demand deposits Increased $55,212,000 and time deposits Increased $2,515,000. The increase lu deposits resulted In a decrease of $1,108,090 In surplus reserves. It Is understood that the bulk of the deposit increase is due to remittances here Uy other banks and sre subject to Immediate withdrawal, hence bankers are Inclined to suggest these funds do not mean a permanent easing of money rates for call loans. Tbe time money market has given no Indication during tbe week of overcoming its lethargy. Copyright, 1921, by Public Ledger Cos. TEN YEARS TO BUILD CANAL. AA’qrk on tbe Sues Canal began April 25. 1859. and it was opened to trafils Nov 21. 1888.

STOCKS SUFFER BIG LOSSES Some Issues Lose 3 to 4 Points —Mart Tone Irregular. NEW YORK, Aug. 29—The stock market closed irregular today, most of the active issues reacting about 1 point from the high levels. Famous Players and United Drug were weak, the former falling 3% points to 57%, while the latter reacted over 4 points to 40%. United States Steel yielded from i4% to 73% and Baldwin Locomotive fell from 75 to 74%. , Northern Pacific again was in supply, yielding nearly 2 opolnts to 72%, and reading fell 7 points to 66. Mexican Petroleum broke 2% points to 97% and Pan American Petroleum was 2 points below Its early high at 43%. Total sales of stocks were 436,500 shares; bonds, 87,712,000. (By Thomson k McKinnon.) —Aug. 29 — Last week one of the loading commercial Journals made an elaborate Investigation into the state of trade In this country and Its conclusion was that the outlook was encouraging and noting a more cheerful sentiment among the business men of the Nation is a mighty big factor at this time. Ir business is to improve, the stock market will, as usual, begin the discounting process In advance and there Is a likelihood that tha improvement noted in the past fev? days may be tile start in this direction though there is nothing certain as to this at the moment since much of the buying that has occurred has been credited to shorts and what we want is a revival of confidence among permanent investors. We need the class of buying who takes stocks out of the market and reduces the floating supply This class of buying has been noticed In the rails, several Issues being in demand by brokers who have in the past represented the most Important Interests In the country. In the Industrials, the tone is much better. There is a uoticable reduction in the volume that has been daily offered for sale and, if the market should be able to maintain the present degree of stability for a few weeks, it will go fur to convince the public that all is well and thus materially Increase the demand. TWENTY STOCKS AVERAGE. NEW YORK, kktig. 29.—Twenty Industrial stocks Saturday averaged 65.50 up 002 per cant. Twenty active rails averaged 71.10, off .05 per cent. CLEARING HOUSE STATEMENT. NEW YORK Aug. 29.—Exchanges, $502,300,000; balancas. 112.600,000; Federal Reserve Bank credit balances, $38,600.000.

Money and Exchange Indianapolis bank clearings Monday were $2,045,000. agalust $2.400000 for Monday of the week before. NEW YORK. Aug 29.—The foreign exchange market opened firm today with demand Sterling %e higher at $3.69%. Francs rose 1 centime to 7.76 c for cables and 7.75 c for checks. Lire cables were 3.79 c; checks. 4.2*c. Belgian cables were 752%e; checks. 7.51 %c. Guilder c bles were 31.50 e; checks. 3128 c. Sw.-d..n kronen cables were 21.65 c; checks, 21.00 c. Marks were 1.14%c. NEW YORK CALL MONEY. NEW YORK, Aug 29.—Money-Fail money ruled 5 per cent; high. 5 per cent; low, 5 per cent. Time rates quiet, all 5%418. Time mercantile paper quiet Sterling exchange was steady, with busi ness In bankers' bills at $3 69% for demand. MOTOR SECURITIES. (By Thomson k McKinnon.) Aug. 29. —Opening— Bid. Ask. Briscoe 8 10 Packard corn. 0% o% Packard pfd 60 60 Peerlesa 27 30 Continental Motors com. .... 5% 6 Hupp com ln% n Hupp pfd 17% 19 Grant Motors 17 28 Ford of Caiiada 8 .... International Motor com 27 28 National Motors 2 0 Paige Motors 14 15 Republic Truck 8 10 ACTIVE OIL STOCKS. (By Thomson k McKinnon.) —Aug. 29 — - Gpening Bid. Ask. Anglo American Oil '.148 152 Atlantic Refining 10 11 Borne Scrymscr 24-5 200 Buckeye Pipe Line 80 82 ("beechrough Mfg Cons 130 150 Continental OH, Colorado 10T* 108 Cosden Oil and Gas 4 6 Crescent Pipe Line 25 27 Ounberlaud Pipe Une 115 120 Blk Basin Pete 55 fxS Dureka Pipe Line 75 78 Galena-Signal OH, Prof 78 90 Galena Signal Oil, Com 42 41 lUlnoia Pipe Line 100 153 Indiana Pipe Line 73 75 Merritt OH 7 7% Midwest Oil 2 2% Midwest Rfg 125 133 National Transit 25 26 New York Transit 143 147 Northern Pipe Une 83 87 Ohio OH 222 225 Oklahoma P. k R 3% 3% Penn.-Mex 17 19 Prairie Oil and Gas 413 435 Prairie Pipe Line ....180 185 Sapulpa Refg 33% Solar Refining 335 350 Southern Pipe Line 77 80 South Penn Oil 107 171 Southwest Penn Pipe IJnes... 54 88 Standard Oil 00. of 1nd.... 67% 67% Standard OH Cos. of Kan. .. .620 640 Standard Oil Cos. of Ky. ...365 3*) Standard OH Cos. of Neb. ...145 156 Standard Oil Cos. of N. Y. ...316 32 Standard Oil Cos. of Ohio ...360 870 Swan k Finch 30 35 Vacuum Otl 240 280 Washington OH 23 28

NEW YORK CURB. (By Thomson & McKinnon) —Aug. 29 — (losing Bid. Ask. Curtis Aero com 1% 3 Culls Aero pfd .. 15 Texas Chief 5 12 ■ mperial Oil 8 9 .first National Copper... 75 85 Goidnsld Con 5 7 Havana Tobacco 1 1% Havana Tobacco pfd 4 5 Central Teresa 1 1% J imbo Extension 4 6 International Petroleum. 9% 9% Xlpissing 4*4 4*4 Standard Motors 4 5 Salt Creek 9% 10 Tonopah Extension 1% IVt Tonopah Mining 13 18 1 5-16 United P S new 13 16 1 5-16 U. S. Light and Heat IV* 1% IT. S. Light and Heat pfd. I*4 1% World Film 10 12 Yukon Gold Mine Cos 90 96 Jerome 13 18 New Cornelia 12 United Verde 21 Sequoyah 10 12 Omar Oil 1 JVa Republic Tire 13 -o Acme Pkg S3 91 NEW YORK AVOOL. NEW YORK, Aug. 29—Trade in wool was dull here today Domestic fleece. XX Ohio, was quoted at 23638 c per pound; Domestic pulled, scoured basis, 18667 c. and Rexas domestic, scoured basis, 40 675 c. NEW YORK HIDES. NEW r YORK, Aug. 29.—Hides were in Improved demand on the market here today, but prices held steady. Native steer hides sold at 13Vsc per pound and branded steer hides at 13c. NEW YORK REFINED SUGAR. NEW YORK, Aug. 20.—Trade in re lined sugars was dull here on the market today. Fine granulated was quoted at 5 80®6.(H>c per pound and No. 1 soft at 5.90 c per pound. NEAT YORK COFFEE. NEW YORK, Aug. 20—Coffee values were about steady on the market here today, opening options being 1 point lower to 5 points higher. Kio No. 7 on spot sold at 6%67e per pound.

INDIANA DAILY TIMES, MONDAY, AUGUST 29, 1921.

New York Bonds FOREIGN GOVERNMENT BONDS. (By Fletcher American Cos.) —Aug. 29 — Bid Ask. Arg. (Unl/stea) ss, Sept. 1, '45 64 % 65 Belgian 6s, Jan. 1, '25 94% 04% Belgian 7%5, June 1, '45 102 102% Belgian Bs, Feb. 1. '4l 101 101% •Belgian Rest Bs, Opt., ’34.... 66 70 Berne Bs, Nov. 1, '45 99% 100 Chile Bs. Feb. 1, '4l 98% 99 Chinese (H. Ry.) ss, June, 51. 47% 48 Christiania Ss, Oct. 1, ’45 99 100 Copenhagen 5%5, July 1, ’44 .99 % 80 Danish Mun Bs, Feb. 1, '46.. 100% 101% Denmark Bs. Oct. 15, ’45....101 102% Candian 5%g, Aug. 1, ’2l Hxpired. •Canadian B%s, Dec. 1, ’22.... 88% 89% •Candian 5%g, Nov. 1, ’23 87% 89 •Canadian 5%5. Nov. 1, ‘24.... 86% 87% •Candian ss, Dec. 1, ’25 84% 86 Candian ss, April 1, ’26 92% , 93% •Canadian 5%5, Dec, 1, ’27.... 87% 89 Canadian 5%a, Aug. 1, ’29.. 93% 94% Canadian ss, April 1. ’31... 89% 90% •Canadian 5s April 1, ’31.... 82% 84% •Canadian 5%5, Nov. 1, ’33... 87% 88% •Candian 5%5, Nov. 1, ’34.... 84 % 85% Canadian ss. March 3, ’37.... 86 87% •Canadian, 6%5, Dec. 1, ’37. .. 88% 89% •French (Vic.) ss, Opt., ’31... 61 62% •French 4s, Opt., ’43 50 51 •French (Prem.) ss, issue ‘2O. 71 73 •French Bs, Opt., ’3l 72% 74 French Be, Sept. 15, '45 99% 100% •Italian (Trees ) sa, Apr. 1, ’25 41% 43% •Italian (War) 5s 31% 32% Jap (First) 4%5, Feb. 15. '25 . 80% 87 Jap (Second) 4%a, July 10, ’25 86 % 87 Norway Bs, Oct. 1, ’4O 102 108% Paris 6s. Oct. 15, ’21.. 1...... 09% 00 Russian o%s, June 18, 'l9 36% 19% Russian 5%5, Dec. 1, ’2l 15% 39 •Russian 5%5, Fab. 14, '26.... 4 6 Sao Paulo Bs, Jan. 1, '3O 97% 97% Swedish 6s, Juno 15, '39 82 87% Swiss 6%5. Aug. 1. ’29 87% 88% Swiss Ba, July 1, ’4O 106 306%. U. K. 6%5, £ov. 1, ’2l 99% 100 U. K 5%5. Nov. 1 ’22 98% 98% U. K. 6%g, Aug. 1, ’29 89 89% IT. K 5%5, Feb.’ 1, '37 -87% 87% U. K. (Victory) 4s Issue '19.275 287 •U. K. ( War) ss, Oct. 1, ’22 .371 385 •U. K. (War) ss. Feb 1, ’29.. 351 365 Zurich ss. Oct. 15. '45 99% 100% Brazil Bs. 1941. 1*4% '•>% French 7%a, 1041 90 90% Dominican ss, 1938 91 9+ Dominican ss, 195S 79 82 •Internal Loans. CORrORTIO.V BONDS. Bid. Ask. Alum. Cos. of Am. 7s, Nov.. ’25 97% 98 Amer. Cot. 011 6s. Sept. 2, ’24. . 90% 91% Amer. Tel. os. Oct., ’22 95% 99% Amer. Tel. 6s, Feb., ’24 98% 98% Amer. Thread 6s, Dee.. '28... 96% 97% Amer. Tob. 7s, Nov . '2l 100% 101% Amer. Tob. 7s, Nov.. '23 100% 101% Anaconda 6, Jan., '29 88% 89 Anaconda 7s, Jan,, ’29 93% 93% Anglo Am. Oil 7%5, Apr, ’25.100% 100% Armour 7s. July 15, '3O 03% 93% Atlantic Ref. 6%5. Mob. '31..101% 101% Bell Tel. of Can. 7s, Apr.. "25. 90% 93 Beth. Steel 7s. Julv 13. '22 09% 100% Beth. Steel 7. Juiy 15. ’23 98% 98*i Can. Pac. 0. Mcb. 2. '24 97 % 93 Cent. Arg Ky. Os, Feb., ’27... 82% 83% C.. K. I. & P. Cs. Feb., '22.... 93 % 99 , Con. Gas Ss. Dec., ’2l 100% I<)>% Copper Exp 8, Feb. 13, '22. . 100% 101% Copper Exp. Bs, Feb 15, "23.. ion's 101 Copper Exp Bs. Feb. 15, ’24... 100% 101% Copper Exp Ss, Feb. 15, 325. y. 101% 102 Cudahy 7*. July 13. '23 933, (>o% Fed. Sugar 6s, Nov.. '24 95% 90% Goodrich 7s. Apr.. ’25 90% 90% Gulf Oil 6s, July. ’23 97% 97% Gulf OH 7s. Feb., ’33 97 % 93 Hocking Val, 6s. Moh„ ’24 ... 94 05 Humble OH 7s Mcb .13. ’23.. 97 % 07% Int. R T. 7 a Sept . '2l 70% 77 K. C. Term os, Nov. 13, '23.... 93% 03% Kenn. Copper 7s. Fell. '30.... 92 02% Laclede Gas 7s. Jan., ’29 90% 91% I.lg. A Myers os, Dec , ’2l 100 100% Phils. Cos. 6s, Feb . ’22 100% 100% Proctor k 41. 7s, Mcb . '22.... 100% 101% Proctor A 44. 7s. Mob. '23 100% 101% Pub. Ser. N. J. 7, Mch , ”22.. 90% 97 K J Reynolds 6*. Aug. 22... 09 1%)% Sears Roebuck 7s. Oct. 15. '2l. 99% 100% Sears Roebuck 7s, Oct 15, '22 .03 % 93% Sears Roebuck 7*. Oct 15. '23 97% 97% Sinclair 7%5. May 15, '25 90 91 Solvay & Cle Ss, Oct,, '27.... 99% lot) Southern itv. 6s, Mch, ”22 ... 97 % 97% S,W Bell tel, 7s. Apr., ’25 . 97 % 97% Stand. OH (Cal.) 7s. Jau . '3l. 103% 8'3% St. Oil (N.Y.) 7s. Jau., "26 '3l 102 105% St. Paul I’. D 5%5, Dec. 15. "23 97 % 97% Swift 7s, Oct. 15. '25 97% 97% Texas Cos. 7, Mch 1. '23 99% 100 Utah Sec. 6s. Sept 15, '22 914, 92 Waltham Watch 6s. Aug , '24 80 .89 Western El 7s, Apr.. '25 100% 101% Weatlnghouse 7s. May, '31.... 101% 191%

Local Stock Exchange —Aug 29 STOCKS. Bid Ask. ind. Ry. & Light com CO lntl. Uy. & Light ptd 70 Indpls. A N. AA'. pfd 75 Indpls. A S E. pfd 75 Indpls St Ry S3 41 T. H. I A Light pfd t>o T. H„ 1. A E. com 5 T H., I A E. pfd 15 U. T. of lnd. com ... I U. T. of Ind. Ist pfd 7 U T. of Ind 2d pfd 2 Advance-Kumely com '. Advauee-Kumely pfd ... Am. Central Life 235 Am. Crsosoting pfd 92 100 Bit R. It. com 52 2 Belt K. R pfd 42% 50 Century Bldg Cos. pfd 90 Citizens Gas Cos 24 27*4 Dodge Mfg. Cos pfd.. 89% ... Homo Brewing 54 .... Ind. Hotel com 80 lnd. Hotel pfd *. 33 .... Ind. Nat. Life Ins. Cos 3% ••• Ind. Title Guaranty Cos 59 05 lnd. Pipe Lines 71 77 Indpls. Abattoir pfd 4o 50 indpls. Gas 40 50 Indpls. Tel. Cos. com 2 .... Indpls Tel. Cos. pfd 90 Mer. Pub. Util, pfd 40 Natl. Motor Car C0...* 2% 3% Pub. Bav. Ins. Cos 4 Uauh Fertilizer pfd. .40 .... Standard Oil of Indiana.... 08% OH Sterling Fire Ins. Cos 8 Van Camp fldw. pfd 00 100 A'an Camp Prod. Ist pfd. ... ... 100 A a!) Camp Prod. 2d "pfd 100 Yandulia Coni Cos. pfd B*4 Vandarlu Coal Cos. pfd 7% Al'nhash Ky. com 6'4 ... Wabash Ry. pfd 19*4 .... BONDS. Broad Ripple 5s 50 Citizens St. Uy 5s C 5 75 lnd. Coke A Gas 6s let Indian Creek Coal A Mine 10 Indpls. C. A South 5s 88 .... Indpls. A \ Martinsville 55... 43% . , Indpls. A Northern 5s 37% 43 Indpls. AN.AV 5s 45% 55% Indpls. & N. AV. 5s 55 Indpls. A 8. E. 5s 43 Indpls. S. A S. E. 6s 70 Indpls. St. Ry. 4 45 58 Indpls. T. A T. 5s 7 74 Kokomo M. A AA* 5a 74 80 T. H . I. A E. 5* 44 IT. T. of Ind. 5s 47 55 Citizens Gas Cos. 3s 74 78% Indpls. Gas Cos. 6s 71% 70 Ind. Hotel Cos. 2d 6s 93 Indpls. Light A Heat 65.... 73% 80 Indpls. Water 4%s 68 75 Indpls. AA'atcr 5s 87 do Mer. H. A L. ref. 5s 85% 95*4 New Tel. Ist 6s 94 New Tel. L. D. 5s 93% ... Son. Ind. Power 5s 90 LIBERTY BONDS. Liberty first 3%s 87.50 87,86 Liberty first 4*/*s 87.70 88.01 Liberty second 4%s 87.66 SB.OO Liberty third 4*7 91.74 92.00 Liberty fourth 4y*s 87.82 88.14 Victory 3%s 98.62 98.02 CHICAGO PRODUCE. CHICAGO, Aug 29. —Butter —Receipts. 10.739 tubs; creamery extra, 38%c; firsts, 33637%c; packing stock, 236210. Eggs —Receipts, 13,463 cases; current receipts, 28629 c; ordinary firsts, 24627 c; firats, 29631 c; checks, 18619 c: dirties. 15®21c. Cheese—Twins (new), 18%® 10c; Daisies. 19c; Young Americans. 19y,6200: 'Lons horns, 20%@21c; Brick, 19%6200. I.iy. poultry—Turkeys. 35c; chickens, 19c • spr'ngs. 23c; roosters, 15c; gesc, 20c; ducks, 21c. WHOLESALE BEEF PRICES. The following are touey's wholesale prices for beef cuts as sold on the Indianapolis markets: Ribs—No. 2,21 c; No. 3.17 c Loins — No. 2,22 c; No 8,18 c. Rounds—No. 2, 20c; No. 8,17 c. .-.Chucks—No. 2,10 c; No. 8, Bc. Plates—Uo. 2. 7c; No. 8. o.

GRAIN MARKET TONE ERRATIC Only Fractional Changes in Prices in Final Hour. CHICAGO, Aug. 29.—Grain futures moved nervously and eiratically on the Board of Trade today. Prices held in narrow range all along the line and finished with only fractional changes. • Wheat shoved net gains of %@%c, with May in the lead. Corn and oats finished %®%c lower. Fork was nominally steady, lard 15® 25e higher, and ribs 7%@10e lower for nearby deliveries and 3c higher for January. * (By Thompson k McKinnon.) —Aug. 29 Wheat—Receipts of wheat in the Southwest have not shown any particular decrease and the movement of spring wheat In the Northwest is decreasing. Despite this, the visible supply have made a very substantial decrease, because of the constant flow to foreign countries. Export business in the East expect the clearances during August to bo-of record proportion, estimating them at $5,000,000 bushels. Galveston alone is clearing more than half a million bushels daily iu new export business. Today lias been rather dull. We are unable at the moment to detect anything iu the market itself to suggest any weakness in the undertone. We antlcip’ate a slow and irregular advance lu prices In response to foreign demand. Coarse Grains—Receipts of corn were very large and at the same time the market has ruled firm. The demand is undoubtedly for export business as the domestic trade is slow. The movement out of Chicago to eastern points continues libera!. Extreme temperatures continue In the Southwest, but It is not believed that any impornut damage Is being done. Oats gathered their firmness from other grains, there being a slow domestic trade. Accumulations at terminals show another Increase, the total visible supply being 50,000,900 bushels. This load must be lightened before tbe market will have any Individual strength. Provisions—The coiutemplated moveunut from other markets of cash rios lias eased the market hen- for that commodity, but lard was lu demand from cush handlers und packers. We anticipate a maintenance of strength. CHICAGO GRAIN TABLE. —Aug. 29—*

i WHEAT— Open. High. Low. Close. Sept.... 121 1.22% 121 1.21% Dec 1.23% 1.24% 1.22% 1.23% May.... 1.23% 1.27% 125% 1.20% CORN— Sept 54% .54% .54% ,54% Deo .54% .54% .34 % .34% May..., .57% .08% .5, s .o, 's I OA'I S—- ! Sept 34% .35% .34% .34% Dec 38% .38% .38 .33% I May 42% .42% .42 .42 LAKI) - I Sept.... 11.30 11.50 11.30 11.50 ; Oct 11.4.5 11.445 11.45 1162 J Jan 930 9.95 980 995 RIBS - | Sept 922 922 9.10 910 Oct 9.20 9.20 9.10 9 10 •Jan . 3 35 PORK—•Sept 17.10 CHICAGO CASH 4.RAIN. CHICAGO. Aug 29. Wheat No 2 red, $1 22%fi1l 23; No. 3 red $1 21.f 1 21%: No 1 mixed. $125; No. 2 mix-d. >124; No. 3 mixed. *1 22. Corn- No. 2 mixed. 55%% 50c; No, 2 white, 5i'u156%0; No. 2 >••<- low 54)4.(fell 4 e; No. 3 'mixed. 55’ .(/.' ■■'*%.•: No 3 while 55%e; No 0 yel.ow. 55 -i 5.5%.-; No. 4 yellow. 55c. Out* No. _ 2 while. :u:%437e; No. i white, 33%@5-V; No. 4 white. 25% iio2c, TOLEDO CASH GRAIN TOLEDO, Aug 29.—Wheat—Cash and August, $! 29; September, $1.27%; lHceiuiber, $1713, May, $1.90 Corn Cash. 61%@62%c (la's Cash old, 4i!%@4.:%", new, 28%@3()%c. Rye- (.’ash, vl.uO. Barley—Cash, 67c. PRIMARY MARKET. (Thomson & McKinnon.) —Aug 29 Receipts Wheat Corn. tints. Chicago 397,004) 1,014,Wit Ml.il'i Mi]44> uukes .. 58,000 .V4).0U0 21,00) Minneapolis . 1.32-7.000 32,00 347JE0 Duluth 105,800 4,000 *I,OOO SI. I/OUi* ... 354,000 85.0.140 72,'M Tub-do il.aa) o,t*Xl 10.00) Detroit 3.000 8,4* 1 S) 12.04*.' Kansas (Tty IH2.hm 20.U00 24W Peoria 20.'0 04. (ft 68'if) (iruitia 1.31,004) 34.4ati SS'iOU Indianapolis . .'*) 42,000 Totals 3.492’.b00 1/’0.5,1100 1403.4)481 Year ago ..2.043,0 0 540,(Mt 1,492.0484 —SHIPMENTS Wheat iV>rn 'tat*. Chicago 1.729,000 1,407.0'5) 265000 Milwaukee .. .2,511,i‘ft Minneapolis . 284.4)0 11.008 13,DM Duluth 450.U51 2.000 St. Louis 122,00) sS,4ti 47‘Ml Toledo C"")) !"<>'* Kansas City . 281.000 IV*.(CO I<>W Peoria 11.000 47 <*o 52.0 4) Omaha 271.00d • kvm') s/sm Indianapolis 18,00) 30.0.*) Totals 3,299.0) 10 1.694.'Mi SOO.OM Year ago . 818.44*4) 195,44)) 492.n0t) - CLEARANCES— Domestic Wheat. New York ... 301,060 Baltimore .... 170. (8) New Orleans . 2t>4.4*8) Galveston ....4,411.4)00 NewpT News 4 >.(K Totals 6.216.’00 Year ago ..2,197,1X4) INDIANAPOLIS C ASH GRAIN. —Aug. 29 Bids for car lots of grain and hay at the call of the Indianapolis Hoard of Trade were ; XVheat Firm; No. 2 red. sl.2Siji.l 29. Corn Steady: No. 2 white, 57%fiJ58c; No. 3 white, 66%1f(57c; No 2 yellow. 58% 59%)*: No. 3 yellow, 57® 38%<*: No. 2 mixed, 56'u57c: No. mixed. 55% - t*aia —Steady ; No. 2 white, 27 <H 3Sc.; No 3 white, 35(jri.3*5c. Hay Steady : No. 1 timothy, SI9M 19 50; No. 2 timothy, $18.5(9*419; No. 1 light clover mixed, slßf*|, 18.7*0. No. I clover hay. $lB% 19. —lnspections— Wheat—No. 2 red, ) car; No. 3 red. 2 cars; No. 4 red, 2 cars; No. 0 red, 2 cars; No. 3 mixed, 1 car; sample, 5 cars; total, 13 cars. Corn—No. I white. 4 cars; No 2 white. 6 cars; No. 3 white, 2 ears; No. 1 yellow. 22 ears; No. 2 yellow. 25 cart: No. 4 yellow, 1 car; No. 1 mixed, 4 cars; No. 2 mixed, 2 cars; No. 3 mixed, 1 car; total, 67 cars. Oats—No. 2 white-, 1 ear: No. 3 white, 12 ears; No. 4 white, 17 cars; sample white. 7 cars; No. 3 mixed, 1 car; total, 38 cars Itye—No. 2, 2 cars; No. 3, 1 car; total, 3 cars. Hay—No. 1 timothy, t car; No. 2 timothy, i car; total, 2 cars. HAY MARKET. The following are (he Indianapolis prices for hay by the wagon load livered--Hay—Loose timothy, old, $19(321; mixed hay, new, s>7(*ilß; baled hay, old, t IBf*ii2o ; new. $ 17;; 19 Oats—Bushel, new, 33@36e. Corn —New, 02@t>5c per bushel. WAGON WHEAT PRICES Indianapolis flour mills aud elevators today are paying $1.13 for No. 1 red winter wheut; sl.ll fur No. 2 red winter wheat and according to test for No. 3. Oats are quoted at 30c for No. 3 white or better. NEW YORK RAW SUGAR. NEW YORK. Aug. 29.—Trade in raw sugars was dull here today. Cilbas sold at 4.61 c per pound, duty paid, while Porto Ricos were quoted at 4.50 c par pound, delivered. NEW YORK RltE, NE WYORK, Aug. 29. -Trade in lice was active and prices were firm on the market here today. Domestic sold at 3%(*40%c per pound. NEW YORK Tl It PEN TINE. NEW YORK, Aug. 29. —Turpentine sold a' 06e per gallon on the market here today. j NEW YORK PETROLEUM. NEW YORK, Aug. 29.—Prices of petroleum were firm on the market here today, Pennsylvania crude oil sold at $2.25 a barrel!

Local Curb Market (By Newton Todd.) , ' —Aug. 29 Bid. Ask. American Hominy com 20 Burdick Tires and Rubber.. 1% 2% Capital Film Cos.. % 1% Choate Oil % 1% Coluin. Fire Ins. Cos 6 7% Comet Auto 1% 2% Dayton Rubber Units 63 70 Duesonberg Motor Cults ..... 65 75 Duesenberg Motor com 7 12 Elgin Motor Car 3)4 5 U 8. Automotive Units 80 90 Fed. Fin. Cos. com 72 82 Fed. Fin. Cos., com 122 135 Gt. Sou. I’rod. & Ref. units. 5 6% Haynes Motor com 118 Hurst & Cos., com 1 2% Hurst k Cos., pfd 50 70 Indpls. Securities, pfl 2% 3% Indiana Rural credit 65 Majestic Tire . 10% 18 Metro. 5-50 c Stores, com 16 20 Metro. 5-50 c Stores, pfd 30 35 : Kub-Tex. Units 18 23 Revere Motor % % i Stevenson Gear units 6 7 U. S. Mtg. Cos. units 175 185 State Sav. and Trust Cos. .. 88 93 Stevens-Duryea units 60 6t —v. In the Cotton Market NEW YORK, Aug. 29.—The wave of speculative buying in the cotton market was again in evidence at the opening today, disregarding the poor cables, the showers in Texas on Saturday and the selling by Wall street and Liverpool longs. First prices were 12 points lower to 3 higher and later the market sold about 21 points higher than Saturday. New Orleans and commission houses generally furnished the buying orders, which were stimulated by private bullish condition reports. Trade continued very active after the opening, with outside demands absorbing ail the profit-taking sales of professionals. A Memphis newspaper made the condition of the cotton crop 55.5 and estimated the crop at 7.891.000 boles. New York cotton opening: October, 15 45c; December. 15.90 c; January, 15,95 c; March, 10.12 c; May, 16.25 c; Juiy, 16.20 c bid. A sharp covering movement late in the day caused au excited rally and there was seme new buying. The close, however, was irregular at a net advance of 32 to 46 points. —Cotton Futures— Open. High. Low. Close. January 13.95 16.50 15 94 16 32 March 16.12 16.60 16.10 16.45 May 10.25 10.70 10.23 10.60 July 16.58 16.68 16.30 10.68 4)< tober 15.40 10.10 15.40 IGtO December 15.90 10.48 15.90 16.32 LIVERPOOL. Aug. 29 There was a good Inquiry for spot cotton at the opening of the market here this morning. Prices were firm and sales close to 10.00 U bales. • American middlings fair. 10.44d; good middlings. 10.74.1; fully middlings, 10.34d ; middling*. 9.94*1: low middlings. 914d; good ordinary, S.l4d ; ordinary. 7.39d. Futures opened steady.

Weather Teh following (able shows the state of (he weather at 7 a. in , Aug. 29, as ob->-rve*! by [ nited States Weather Bureaus : Station Bar. Temp. Weather. Indianapolis, In*l 30.17 ,4 C lear Atlauta. 4,*t 30.24 65 Rain Amarillo. Texas... 90.04 66 Clear Bismarck. N. D. .. 29 94 60 Clear Bostnu. Mass 30.10 68 Clear Chicago, IU 30 os 74 Clear Cincinnati, 0hi0... 3*).18 us Clear Cleveland, Ohio 30.18 To PtCldy Denver, Colo 30 04 62 Clear Dodge City. Kan... 21) Us 76 Rain Helena, uunt 29.98 58 Clear Jacksonville. Fla... 30.14 SO Clear Kansas City. M 0... 29 98 74 PtCldy Louisville. Ky 30,20 72 Clear Little l!u*-k, Ark... 30.0S 72 Clear Los Angeles, Cal... 29 90 70 Clear Mi bile. Ala 30.04 70 4’loudy New Orleans. 1a... 3(104 74 Clear New- York. N. Y ... 30.24 66 Cloudy Norfolk, Va 30.28 72 Cloudy Oklahoma ’City..... 3004 74 Cloudy Omaha. Neb 29 66 7% Cloudy Philadelphia, l a... 3)24 70 Cloudy Pittsburgh, Pa. .. 30.20 68 l’tCldy Portland. 0re....’.. 30.08 54 Clear Rapid C*tj, ,S D... 30.00 68 Clear Roseburg, Ore 30.06 50 Clear Sun Antonio, Texas 3002 72 Cloudy Shu Francisco, Col. 29 90 52 Clear St. Louis, Mo 30 08 74 Clear St Paul. Minn.... 20 04 70 JtCldy Tampa. Fin 30.10 78 4Tear Washington, D. C. 30.23 74 Cloudy WEATHER CONDITIONS. Since Saturday morning shower**, generally light, luvve occurred in lucidities from (lie Itocky Mountains eastward. It is warmer over the middle und upper Mississippi aud Ohio Valleys, hut a.s a rule the teinpterature changes have not been decided over large arena in any section. The readings throughout the middle ami northern parts of the central val- . by s, except iu tile Ear Northwest, are a little above the seasonal normal. J. 11. ARMIN’OTON, Meteorologist. Wetither Bureau. CORN \ NT) WHEAT BULLETIN. For t‘ • twenty four hours ending at 7 a in.. 90th meridian time, Monday, j Temper-| i ature. j - I —t .2 * Stations of , _ ! Indianapolis „ c ’Skt - s w 1 District. It *-ic.ru! £“ i i 2=c i’B.-rarj 4= j3 * t* V c = ; t-, s2c: —■= *_C2 | Rout li Bend S" 71 6 i Good Angola jBSI 67 0 I Good Ft Wayne ' 86 ! 08 0 } 1 Wheat field 86 69 0 ! Good Royal Center....l 84 68 0 Good Lafayette j 85 ,09 0 Good Farmland 92 63 0 Good Indianapolis 86 Hi) 0 Good Cambridge City-..! 8!) 59 0 Good Terre Haute !86 68 0 Fair Bloomington 187 61 0 Good Columbus 91 02 0 1 Rough Vincennes 90 64 0 j Good Pm*]] i S6 ! 63 0 ■ Good Evansville 90 | 6.8 O' J. lI."ARMINGTON. Meteorologist. Weather Bureau. INDIANAPOLIS PRODUCE. Butter—Local dialers are paying 40e per pound for butter delivered iu Indianapolis. Eggs l.oss off. 28@30c. Butter Parking stock. 17fijT8. Poultry—Fowl. 1847# 24c; springers, 23'(j25c; cocks. 10@12c: old h.-ii turkeys. 25c, old tom turkeys, 2')4ql 25c: cull thin turkeys not wanted; ducks, 1 lbs and up. Is<g>le; spring ducks, 3 lbs and up, VVdllc; geese. 10 llis and up, OfttJOc; squabs, 11 lbs to the dozen, $5. Ituttcrfat —Local dealers are paying 38c per pound for butterfat delivered in Indianapolis. TOLEDO BEED PRICES. TOLEDO, Aug. 29.—Cloverseed —Cash, October. December and March, sl2; February. $12.10 bill. Alsike —August, October and December, $10.65; March, $10.20. Timothy—l92o cash. $2.45; 1921 cash, September and February, $2.75; October, $2.61): December, $2.65; January, $2.70; March, $2.80. KENNEDY DEATH HEARING TODAY May Decide Whelher Pair Be Tried Together. LOS ANGELES, Cal.. Aug. 29.—Making the third appearance in court since they were arrested, Mrs. Madalynne Obenchain and Arthur C. Burch, charged with the murder of J. Belton Kennedy, were today taken before Superior Judge Sidney Reeve to enter pleas to the indictment against them. It w r as a foregone conclusion that both Mrs. Obenchain and Burch would pleads* not guilty. The indications were that the case would be set for trial probably some time in October as both prosecution aud defense stated considerable time was needed for preparation. A

SWINE ARE 50 TO 60 CENTS HIGHER Less Than 200 Fresh Cattle on Market—Calves Strong. RANGE OF HOG PRICES. Good Good Good Aug. Mixed. Heavy. Light. 22. $9.00® 9.25 $8.50® 9.00 $9.50 23. '-.00 8.50® 8.75 9.25 24. 9.25 8.75® 9.00 9.40® 9.60 22. 9.*0 8.75® 9.25 9.75® 9.85 26. 9.65 8.90® 9.40 [email protected] 27. 9.25® 9.25 9.00 9.60® 9.75 29. [email protected] 9.50 [email protected] With only 3,500 fresh swine on the market and a keen demand by shippers, who seem to have more orders than they could fill, swine prices were 50 to 60 Cants higher on the short session of the hog market of the* local live stock exchange today. Although local packers were in need of hogs, shippers were in the market and had bought ail the swine before the packers realized the condition of the market. Ligfht swine generally sold at $lO, while there were several sales at $lO.lO, with a top of $10.15. Light mixed hogs brought $9.75((|10 and mixed $9.75. Heavies sold at $9.50 and pigs were in good demand at $9.75 and down. Roughs brought $7.50 anil down. The bulk of the sales ranged to $9.75 @lO. There were less than 200 fresh cattle on the market, although there was still some stale stuff in the pens. Packers seemed to be wanting some cattle, but the grade of the stuff on the market held prices to steady levels regardless of the small run. Due to a light and a good demand by both shipper* and local concerns, veal prices were strong, with a top of $13.50. There were two sales of this grade at sls, but the calves were of a grade all to themselves and those prices could not be considered as within the regular market. Sheep and lambs values were again steady, with receipts about 200. HOGS. Best light begs. 100 to 200 lbs average $10.00<& 10.10 Over 300 lbs 8 75@ 9.00 200 to 300 lbs [email protected] Sows 6.50@ 7.50 Stags 4.50@ 6 00 j Best pigs under 140 lbs 8.75 down Top 10.15 Bulk of sales [email protected] CATTLE. Prime cornfed steers. 1,300 to 1,800 ibs B.oo@ 9.25 Griod to choice steers, 1,200 to 1,200 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*. SOO to 1.000 lbs 5.25® 6 25 —Heifers aud Cows— Good to choice heifers 7.50® 8.00 Medium heifers 6.25® 7.25 Common to good heifers S.UO@ 0.50 ! Good to choice cow s 4.00® 5.00 Fair to medium cows 2.50® 3.00 Cutters 2 00@ 3.00 Cauners 75® 2.00 —Bulls— Good to choice butcher bulls 4.75@ 5.50 Bologna bulls 4.00@ 4.75 Light bologna bulls 8.25(y, 4.00 Light to common bulls 3.00® 3.25 —Calevs— Choice veals [email protected] Good veals [email protected] Medium veals 9.00(*jl0.00 Lightweight veals O.UOtff 7.00 Common heavyweight veals.. 5.00® 6.00 —Stockers and Feeders— Good to choice steers, under 800 lbs 5.00® 600 Medium cows 2.00® 3.00 Good cows 3.00® 4.00 Good heifers 5.50® 7.00 Medium to good heifers....N 4.00® 5.00 SHEEP AND LAMBS. Ewes .......... 2.50® 3.50 Bu< ks 150® 2.50 Choice ewe and wether lambs 7.00® ,8.00 Seconds 6.00® 7.(8) Buck lambs 6 00® 6.50 Cull lambs 2.00® 4.50

Other Livestock J, CHICAGO, Aug. 29.—Hogs-Receipts.! 32.000; market, mostly 10®25c higher; bulk, $7.85@10; top, $10.10; heavyweight, $8 [email protected]; medium weight, [email protected]: light weight, [email protected]; light lights. st)@9.9o; heavy packing sows, smooth. [email protected]; packing sows, rougUl $7.10® 7.50; p.g). [email protected]. Cattle-Receipts. 13.0110: market, mostly 25c up; beef steers, choice and prime. $9 [email protected]; medium and pood, [email protected](); good and choice. $8.40® 10.15; common and medium. $5.75 @7.75; hutlier cattle (heifers), $4.25@ 8.75; cows, [email protected]; bulls. $3 [email protected]: oanners and cutters (cows and heifer*i. [email protected]; canner steers. [email protected]; veal calves and handy weight i. $9 @ 11.50; feeder steers. $5.25®7.50; Stocker steers, [email protected]; stocker cows and heifers. s3®s. Sheep—Receipts, 40,0*40: market, lamb's 25@50c lower, sheep weuk and lower; lambs (84 lbs. down), $7.25@9 25; culls and common. $4.50@7; yearling wethers. $5@'7.25; ewes. $2.75®4.75; culls and common. $1.50®2.75; breeding ewes, [email protected]; feeder lambs, [email protected]. CINCINNATI, Aug. 29 —Hogs—Receipts, 4.500; market, weak: heavies, $5.50(q9.25: mixed and mediums, 39.50® 9.75: lights, $9.50; pigs, $8.25; roughs, $6.70: stags, $5.50@!5.75. Cattle—Receipts, 3.000; good cattle, stead v r others, weak; calves, [email protected]. Sheep and lambs—Receipts, 2.400; market, weak to s(>e lower; ewes. $1 @3.5(1: bucks. [email protected]: best lambs, $9.50: seconds, $5.50; culls, s3@ i 3.50. EAST ST.) LOUIS. Aug. 29.—Hogs—Re- j ceipts, 7,500; market, 15 to 25 cents higher; qnlxed and butchers. $9.50(89.90; I good heavies. [email protected]; roughs, $0,504*1 9.75; roughs, $0.50@:7.50; lights, $9.75®' 3 90; pigs, $8.50@ 9.75; bulk of sales. $9.56(89.90. Cattle—Receipts. 6, (KM); mar- ; ket. strong to 25 cents higher: native beef steers, $8(39; yearling steers and heifers, $8.5t)(*(9.5>; cows, s3@s; stockers j and’ feeders, [email protected]; calves, 39.25® 11.50; canners and cutters. $1.50®:!. Bh*'op and lambs—Receipts. 3,000; mar- j ket. lower; mutton ewes. [email protected]; lambs, [email protected]; cauners and choppers, sl@2. EAST BUFFALO, Aug. 29. —Ilogs—Re- i ceipts, 12.800; market, active: yorkers, j $lO 75® 10.85; pigs, $10.25; mixed, $10.50®; 10,75: heavies. [email protected]: roughs. st*@7;j stags, s4@s. Cattle—Receipts. 2,887 ; mar- | ket. slow: shipping steers, $9 [email protected]; \ butcher grades <>f steers, [email protected]: \ heifers, s6@B; cows, $1.30®5.25: bulls,; $4.5()4<i5.50; feeders. [email protected]. Calves— Receipts. 1.700; market, active: cull to j choice, ss@l3. Sheep and lambs—Re- | ceipts. 10,000; market, active; choice lambs. $5.50f*(9.25: coll (o fulr lambs. $6 @8.25: yearlings, [email protected]: sheep, [email protected]. NEW YORK METAL MARKET. NEW YORK Aug. 29.—Copper—Dull; spot and October offered, 11 %c. I,ead— Dull; spot. August and September offered, 4%e. Spelter—Dull; Spot and August offered. 4 20c; September and October of sered, 4.25 c.

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STEEL COMPANY WINS AGAINST ITS EMPLOYES War Department Holds It la* Not Required to Give Back Pay. WASHINGTON, Aug. 29.—Claims of former employes of the Bethlehem Steel Company for more tban one and one-half millions of dollars In back pay are rejected under a decision Just reached by Acting Secretary of War Wainwrlght, It was learned today. The case, which has been pending for nearly three years, involves some 38,00!) men. The decision also is of interest as bearing upon a somewhat similar group of claims on the part of employes of. a Minneapolis machinery concern. The Bethlehem Steel Company employes' claims grew out of a decision of the War Labor Board awarding wage lncreaess to machinists and electricians when such increases appeared to be necessary to keep shops working at capacity on important war orders. An appeal to Secretary of War Weeks from the decision of the acting Secretary of War, is being made by the workmen’s representatives, and it is understood the matter will be carried to tha White House if necessary. A letter written by former Assistant Secretary of War Benedict Crowell In September 1918, to President Grace of the Bethlehem .Company played an important part in the decision of Secretary Wainwrlght. This letter stated la effect that if the Bethlehem Company would pay the increases ordered by tha War Labor Board and thus keep tna plants functioning on important big gun orders demanded by General Pershing, the War Department would see that tha company was compensated. Under the opinion rendered by Sec-, retary Wainwrlght. this letter does nos constitute just grounds for a claim against the War Department, inasmuch as the Bethlehem company never complied with the terms of the award of tha labor board. Regardless of whatevet) moral obligation may have been Incurred, by the War Department, the opinion holds, there is no legal obligation andj the War Department therefore has n right to pay the claims.

PYTHIANS BEGIN WINTER’S WORK After a rest through July and Auguit, Nineteenth Century Lodge, No. 470, Knights of Pythias, will start its fall and winter work next Thursday evening, when the first, or page rank, will be conferred on the September class of fifteen; at tbe Pythian Castle, 230 East Ohio street. From the date of the institution of thi* lodge. April 13, 1899, it has been continually active and progressive, and now has a membership of 602. It is the second largest in Marion County, and hold*' sixth place in the State. Harvey M. .Thompson, president of the Indianapolis Casket Company, and grand vice chancellor of the State, who also is one of the charter members and tbe third chancellof commander of Nineteenth Century Lodge, wilt deliver tbe prologue, outlining tha story and setting forth the hopes of the Pythian fraternity. The conferring of the rank will tr in charge of Wilbur H. Watts, master of work, assisted by William H. Richardson, floor director of dramatic corps; 7. B. 1 Dodson, captain of the Spartan Guards, and Robert Turner, director of ritualistic) work. Mr. Richardson - will assume the character of Damon, while Charles Peggs will take the part of Pythias. Robert Turner. Harry Vollmer aud Claude Miller will be other important characters, taking the parts of Pyonlcus, Democles and Phellsttus. The entire production and conferring of the rank will be elaborately costumed and staged, and will have a cast of sixty-five people. This team will be the big feature at tbe Pythian Jubilee gathering, to be held at Greensburg Sept. 14, when the supreme chancellor of the world. William Ladow of New York and Supreme Keeper of Records and Seals Fred E. Wheaton of Minneapolis will take part. This lodgn has started a campaign for five hundred new member- by tbe last of this year, and has named the October class tha Business Men’s Class, and It is hoped that this class will be the largest of tba year, as it is in honor of Harvey M. Thompson, who will become tbe next grand chancellor of this State.

To Men Earning S3O to SSO a Week YOU can save $25 a month. And t ha t’s enough to make you financially independent. Peter Perkins tells you how, in his book, "Getting Ahead.” He accumulated $10,582.11 in ten year* by investing $25.00 a month in high grade listed stocks and bonds on a wise and safe plan. "Getting Ahead” has helped thousands tofinancial independence. New edition just issued. A limited number will be sent free. Write today for your copy. KRiEBEL & CO. Investment Bankers Kahn Bldg., Indianapolis, Ind. Kansas City Chicago Milwaukee Rockford Detroit Cleveland St. Louis Cincinnati

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