Indianapolis Times, Volume 34, Number 103, Indianapolis, Marion County, 9 September 1921 — Page 14
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STOCK ’CHANGE IS DEVOID OF ANY FEATURES Baldwin Only Factor to Show Signs of Strength. COPPER SITUATION GOOD Special to Indiana Daily Times and Philadelphia Public Dodger. By MONITOR. NEW YORK, Sep'. 9.—Thursday's market was without news feature or price movement of consequence. Asa general thing the tone was reactionary and advances were confined to a few minor specialties such ns Jones Brothers’ Tea, General Cigars, Internationa! Cement. Vanadium and Replogle. This list gives testimony of the Market’s character for the session. At out the only stock of importance which showed strength and activity maintained throughout the day was Baldwin In which a powerful group is said to be operating. News on the coppers was somewhat more favorable. The Utah dividend was maintained and, small though the disbursement was, its declaration was pleasurably received. Statistics on the copper situation are improving and sales are making further tarxads into surplus stocks while production is at a minimum. More attention is being paid in Wall Street these days to the gyrations of the commodity markets than to the movements in securities. Cotton reacted sharply further. Grain markets moved uncertainly. The wheat outlook points to some further loss In yield, about 3.000.000 bushels In the spring and wintertotal. A bumper corn crop is forecasted. only a trifle smaller than last year’s final. With beautiful harvests and fair prices agricultural districts evidently are in for a period of prosperity that will react favorably upon the rest of the country.—Copyright, 1921, by Public Ledger Company. WALL STREET GOSSIP. By MONITOR, The decline in marks Thursday, which carried the German currency to appproxlmately the lowest level ever recorded, has* some unusual features, according to a banker largjly interested In the German situation. First, Is the announcement that the Berlin Bourse is to close for a week because of the >ioprecedetented “catastrophe 1 oom" which hag occurred there. According to this banker, internal conditions in that country bord-.r on collapse. Its populace is investing mark3 in any security that gives any hone of stability. The withdrawal of gold from the Reichsbank for tiie recent reparations payments has been an ndded factor In the critical situation which obtains there, according to this authority which has hastened the buying moven.°nt. Sept. 10 a large payment must be made here to settle the indebtedness due some of the meat packing interests. It is understood one firm alone has more than $2,000,000 due on that date. The trading in marks has been on an enormous scale and in part, at least, is due to the necessity for obtaining American dollars to meet packers' bins.
The Chicago, Burlington A Quincy, according to semi-official advices here, will report for Aug. 8 the largest net earnings in the history of the company. This favorable showing, it is said, is due to the concentration of grain loadings, as well as to the reduction In wages recently made by the I nited States Railway Labor Board. Bankers do not take seriously the proposal for selling approximately $350,000,000 equipment trust certificates to the public as outlined in Washington dispatches. The law requires that these certificates be sold for not less than par. Bankers say while some of the better class paper could be disposed of at par. the proportion would be very small. That the War Finance Corporation or any other could sell the whole r. ass of -certificates under these conditions is considered improbable. Schulte's Retail Stores Corporation reports sales for August of *1.655.572 an increase of 14 per cent over August of last year. For the eight months' total sales are given a* $12.500,000 an increase of 24 per cent over the same period of 1920. • The long awnited meeting of the directors of the Southern Railway Company was held and the dividend on the preferred stock was deferred, l’resident Fairfax Harrison following the meeting issued an optimistic statement as Vo the present and future prospects of the South and the Southern railroads. lie emphasised the benefits which wonld accrue from higher cottoD prices and expressed the opinion that the South definitely has turned the corner. Directors of the Utah Copper Company met and declared a dividend of 50 cents a shar“ on the stock of that com pany. Chairman Charles Hayden declared there was no change in the situation from that of three months ago, but the exceptionally strong financial position of the company warranted the payment of this dividend. Although all of the mines are closed, he said the company has $10,000,000 in cash and bonds end it was the opinion of the directors that out of the very large profits made during the war period these resources should be distributed in moderate degree to the stockholders so long as conditions warrant. Among the dividends paid was that of tne C. R. Wilson Body Company which per cent on tlm preferred ; I’helps-Dodge. which declared the quarterly dividend of sl. the same disbursement as was authorized three months ago, and the California Petroleum Company which declared the quarterly dividend of 1% per cent on the preferred. Call money opened and renewed at 5 per cent, rate which was maintained through the day. On the outside market, loans were reported to have been made at 4 per cent. There was a nominal quotation of 5% per cent for thirty day money and S%-% was the standing quo'tatlon on sixty and ninety-day funds. Stock exchange houses are vainly seeking money over the end of the year, but no such funds are available. It was semi-offirially reported that preliminary estimates of th* value of the sales of the Kelly-Springfield Tire Company for August, show an increase of 25 per cent over last year, despite the reduced prices. July sales were nearly $3,000,000,000 net, a much larger aura than had been expected.—Copyright. 1921. by Public Ledger Company.
In the Cotton Market
XETV YORK, Sept. 0. —Advances made in cotton when the market opened this morning were checked by the flood of Southern selling. Better response to Liverpool cables and fears of tropical storms opened the list up 55 to 81 points. Trading was moderately active. Liverpool was reported buying, but bids were met with offerings from spot interests. At the end of the first fifteen minutes options were up 44 to 66 points. September. 19 40c bid, 18.00 c: December 19.20 c; January, 13.40 c; March, 19.45 c; May, 1946 c. A general buying movement developed in the last hour, on which prices advanced rapidly. LIVERPOOL. Sept. 9.—Spot cotton was not so active at the opening here today. Prices were easier and sales approximately 12,000 bales. American middling fair. 15.31d; good middlings, 13.70d ; fully middlings. 13.01d middlings. 12.50d : low middlings, 12."fid; rood ordinary, 10.716; ordinary, 9.96d. Futures opened quiet. NEW YORK HIDES. NEW YORK, Sept. 9. —Hides were in better demand in trade on the market here today, with native steer hides selling at 13%c per pound and branded •leer hides at 13c.
N. Y. Stock Exchange
—Sept 8— Prev. High. Low. Close, close. Allied Chem... 38% 38 38% 38% Ajax Rubber.. 20 19% 20 20 Allis-Cbalmers. 33 32% 83 33% Am. Agricuit'al 37 35 35% 34 Am. Car & F.. 126% 120% 126% 127% Amer. Can 27% 27% 27% 27% Am. Cotton Oil 20 18 18 20% A. H. & L. pfd 49% 49 49 Am'. Ice 50% 50% 03% Am. Inter. Cor. 31% 30% 80% 31% Am. Locomotive 89 89% 87% 87% Am. Smelt. &R. 36% 35% 35% 36% Am. Sugar Ref. 62% 60% 61% 62% A. Suma. T. Cos. 48% 46% 46% 47% Am. Steel F 24% 23% 24 24 Am. TeL & T. 106% 106% 106% 106% Am. Tobacco. 126% 125 125% 126% Am. Woolen... 74% 73% 73% 73% Atlantic C. Lino 80% 86 88 86% Anacon. M. Cos. 37% 36% 36% 37 Atchinaon 85 84% Sl% 85% At. G. & W. I. 27 25% 28% 27 Baldwin Loco.. 83 81 81% 80% B- & 0 38 37% 37% 37% Bath Steel (B) 52% 51% 51% 51% Cal. Pete 36 35% 35% 36% Can. Pac. Ry.. 113% 113 113% 118% Central Leather 28% 27% 27% 28 Chand. Motors 47% 46 * 46' 47 C. & 0 64% 54% 54% 54% CW. M & st. P. 26% 25% 25% 26% M& S P pfd 40% 38% 30% 30% S North ••• 65 65 65 65% Chi, BI & Pac 33% 32% 33 33% £.l* T&P 6pct p 65% 65% 60% 05 ChiU Copper .. 10% 10% 10% 10% CQlno Copper... 23 23 23 23 Coca Cola 34% 34% 34% 34% Columbia Gas... 56% 56% 56% 5% Colum. Graph... S% 3% 8% 8% Consol. Gas.w... 87% 87 87 87% Continental Can 43% 11 41 39 Cosden Oil 25% 25% 23 25% Corn Product.s. 73 71% 72% 7°% Crucible Steel... 00% 58% 60 59 Cub. Am. Sugar 13% 18% 13% 14 Cub Cane Sug.. 8% 7% 7% 8% EnJlcott 62% 61% 61% 61 Erie . 13% 13% 13% 13% Erie Ist pfd. ...'9% 19% 19% 19% Famous Players 57% 56% 57 57 J C Fisk Rub. Cos.. 10 9% 9% you Gen. Asphalt... 50% 48% 48% 49% Gen. Electric... 124% 123% 124% 124% Gen Motors.... 10% 9% 10% Goodrich 33 31% 31% Gt. North, pfd. 74% 73% 74% 74% Gt. North. Ore. 28% 28 28 28% Gulf States Stl. 38% 36% 36% 38 Houston OH 49C. 49 49 50 Illinois Central. 95% 95% 93% 95% Inspir. Copper. 34 33% 33% 34 Inter. Corp 2% 2% 2%. 2% Invinc. Oil 9% 9 9 9 Inter Harvester 80 78 78 79% Inter. Nickel... 14 13% 13% 13% Inter. Paper.... 45% 45 45 % 45% Island Oil & Tr 2% 2% 2% 2% Kan City 50... 26 25% 26 26 Kelly-Spg. Tire 42% 40% 41 40% Kennecott Cop. 19% 19% 19% 19% Leh gh Valley.. 52% 52 52 52% Lee Tire 25% 25% 25% 25% Loews, Inc 14% 13% 14% 13% Marine com 10 10 10 10% Marine pfd 45 44% 44% 43 Mex. Pete 115 111% 112% 114% Miami Copper... 20% 20% 20% Mid. S. Oil 12% 11% 11% 12 Mid. Steel 24 24 24 24% Mo. racifie 19% 19% 19% 19% Mo. I’ac. pfd... 38% 38% 38% 38 Nat.E. A Stp... 34% 34% 34% Nat. Lead 7*>% 75% 73% 75% Nev. Con. Cop.. 10% 10% 10% 10% N.Y. Airbrake... 51 50% 50% NY. Central 72 71% 71% 71% New Haven 16% 15 15 16 Nor. & West.... 95% 95% 95% 93% Nor. Pacific.... 76% 75 75% 76% Ok.P. & Ref.Co. 1% 1% 1% 1% Faciflc Oil 36 35% 35% 36% Pan-Am. Pete... 50% 48% 48% 49% Perm. Ry 38% 38% 38% 38% , People’s Gas 56% 5% 55% 56% Pierce-Arrow .... 12% 11% 12 12% Pitts. Coal 57% 57% 57% 57% P. Steer Car.... 55 74% 54% 55 | Pull P. Car.... 93% 93% 63% 95 j Ry. Steel Spgs.. 81% 81 81 82 Pure Oil 23 24 24 25% j Reading 69% 68 68% 68% 1 R. I. A steel 48 47% 47% 48 i Rep. Steel 24% 21% 24% 22% I R. Dutch N. Y... 51% 50 50 51% S-Roebuck 68% 67% 68 68% Sinclair 20% 20 20% 20% S. E. A I. . 35% 35 35 36 South. Tac. ... 78% 77% 77% 77% South, tty. ... 21% 20% 20% 24% St. L. AW. Ry. 25% 25 25 25% S. Oil N J. ...136 136 136 136 St L A S F Cos. 23% 23% 23% 23% Stndebaker 75 73% 74 74% Tenn. Copper . 8% 8% 8% 8% Texas Cos 36% 35% 35% 36 Texas A Pac. . 25% 2474 24% 24 T. Products .. 68 66% 66% 68% Trans. Oil 8% 8 8 8% Union Oil 18% 18 18 18 Union Pacific. .120% 119% 113% 120% l*. Retail 5... 55% 53% 53% 54% US F. P. Corp 17% 16% 16% 17% United F. C 0... 109% 107 108 106% l nited Drug .. 48% 46% 47% 45% U. S. In. A. .. 46% 46% 48% 47 C. 8. Rubber . 49% 48% 48% 48% U. S. Steel ... 77 76% 76% 76% U. S. Steel pfd.loo% 108% 109% 100% Utah Copper . 48% 47 47% 47% Van. Steel .... 32% 30% 32% 30% Vir-Car. Chem. 31% 30 30 31% Wabash 7% 7% 7% 7% Wabash Ist pfd 2) 20% 20% 20% White Oil .... 8% 'B% 8% 8% West. Elec 44% 43% 43% 44% W.-Overland ... 6% 6 6 6 Wilson A Cos. . 35 35 35 Worth. Tump . 38% 37% 38 38 Wis. Central .. 30% 30 30% 30% NEW YORK LIBERTY' BONDS. —Sept. 8— Prev. High Low Close. Close. L. B. 3%s 87.58 87.30 87 44 87.40 L. B. let 4s 87 92 j L. B. 2d 4s 87 90 87 80 L. B. Ist 4%5.. 87 96 87.78 87 96 87.90 1 L. B. 2d 4%5. . 87 92 87 86 87 92 S7 88 L. B 3d 4%... 92 10 91 92 92.04 87.98 j L. B. 4tb 4%*.. 85.04 87.96 88 00 87 9.8 Virtorv 3%s .. 99.08 99 02 99.08 99.00 Victory 4%s 99.08 99.02 99.08 99.00 CHICAGO STOCKS. (By Thomson A McKinnon.) —Sept. 8— Open High. Low. Close. Armour pfd. . 71% Carbide & Car. 45% 4.5% 44% 44% Libby 8% 8% 8 8 Mont. Ward. .. 18% 18% 18% 18% National L 7 7% 7 7 Piggly Wiggly 13% 13% 13% 13% Sears Roebuck. 68 GS 67% 67% Stewart-W 24 Swift A Cos. ... 98% 98% 98% 98% Swift Inter. ... 24% 24% 23% 23% NEW YORK METAL MARKET. NfiW YORK, Sept. 9.—Copper—Steady ; spot, September, October and November, offered, 11" r Lead —Quiet; spot, September and October offered, 4.60 c. Spelter—Dull; f-pot, September and October offered, 4%c; November offered, 4.30 c. NEW YORK WOOL. NEW YORK, Sept. 9.—Trade In wool was quiet on the market here today. Domestic fleece, XX Ohio, was quoted at 23038 c per pound; domestic pulled, scoured basis, at 18®07c and Texas domestic, scoured basis, at 40@75e. NEW YORK PETROLEUM. NEW YORK, Sept. 9.—Petroleum prices were again firm in trade on the market here today, Pennsylvania crude oil selling at $2.25 a barrel.
Local Curb Market
(By Newton Todd.) —Sept. 9 Bid. Ask. American Hominy com 17 Burdick Tires and Rubber.. 1% 2% Capital Film Cos % 1% Choate Oil % 194 Colum. Fire Ins. Cos 6 714 Comet Auto 1% 2% Dayton Rubber Units 63 70' Duesenberg Motor Units 60 75 Duesenberg Motor c0m...., 9 Elgin Motor Car 3% 5 U. S. Automotive Units 82* 92 Fed. Fin. Cos. pfd 72 82 Fed. Fin. Cos., com 120 135 Gt. Sou. Prod. & Ref. units 5% 6% Haynes Motor com 11s Horst & Cos., com i 2(4 Hurst & Cos., pfd 45 05 Indpls. Securities, pfd 2 314 Indiana Rural credit 65 Indiana Nat’l Bank 256 265 Majestic Tire 11 is Metro 5-50 c Stores, com. ... 12 17 Metro. 5-50 c Stores, pfd.... 30 35 liub.-Tex. units 17 22 Revere Motor % % Stevenson Gear Unit*....... 5 7 U. S. M'g. Cos. unit’s, IDS 175 Lt&te Sav. and Trust Cos. ... 88 9S Steve I:sen Gear Units 4(4 8% DuesenDtrgMotor.com...... 9 ...
STOCK MART HAS STRONG CLOSE High Levels for Day Reached in Final Trade. NEW YORK, Sept. 9.—The stock market closed strong today. The majority of the active stock* were In good demand and advanced sharply to new high levels for the day. Baldwin Locomotive was the feature of the Industrial list, touching 80%, an upturn of over 5 points from Its morning’s low. Mexican Petroleum rose 4 points to 115%, but later reacted to 114%, and Studebaker moved up sharply to 77%. Tobacco Products was in big demand, showing a gain of 4 points at 39%. United States Steel rose to 77% and Crucible Steel rallied nearly 4 points to 61%. The railroad shares also shoved an improved tone, Reading moving up from GS to 69%, while Northern Pacific rallied nearly 2 points to 76%. Total sales of stocks were 712,000 sha-es; bonds, $10,362,000. (By Thomson A McKinnon.) —Sept, 9 There are now so many Indicators pointing to improvement that it is no longer necessary to discuss the subject from theoretical standpoint. We can facts. You have seen advances 'n the price of copper and today you havo announcements of an advance in the price of lead and in the daily press reports you read of a plant resuming operations here and another t here. From far sections you hear of increased sales of lumber and other of our products. Y'ou see a growing demand for our food 'products, and when you stop and analyse what is going on, you will be forced to the conclusion, as we have been, that tiie necessities of the world constitute the basis for optimism. The world needs transportation facilities, locomotives and cats; the world needs houses and t)uslii<*Bs structures. The population of the world have economized to the irreducible minimum in the purchase of clothing and all necessities of life and now a change Is coming and with it rising prices of commodities and rising prices of securities. There is no need of wasting time about the past. We have a future before us and attention had been centered on what’s coming rather than on history. CLEARING HOUSE STATEMENT. NEW YORK, Sept. 9.—Exchanges, $534,900,000; balances, $49,900,000; Federal reserve bank credit balances, $41,700,090. TWENTY STOCKS AVERAGE. NEW YORK, Sept. 9. —Twenty Industrial stocks Thursday averaged 69.15, oft .34 per cent. Twenty active rails averaged 72.62, off .30 per cent.
Money and Exchange
Indianapolis bank clearings Friday were $2,504,000, against $2,599,000 f'.r Friday of last week. NEW Y’ORK, Sept. 9.—The foreign exchange market here opened weak today, with demand Sterling unchanged at 3.72% Francs yielded 8 centimes to 7.55 c for cables and 7.54 c for checks. Lire yielded 5 points to 4 33c for cables and 4.32 c for checks. Belgians francs, declined 7 centimes to 7.42 c for cables and 7 41c for cheeks. Guilder cables were 31.75 c; checks. 31.73 c. Sweden kronen ..abies were 21.62 c, checks, 21.57. Marks were 1.02%c. NEW YORK CALL MONEY. NEW YORK, Sept. 9.—Money: Call money ruled 5 per cent; high,’ 5% per eeutj low, 5 per cent. Time rates, steady; all 5% to 6 per cent. Time mercantile paper, steady. Sterling exchange was steady with business In banker*' bills at $3.72 for demand. MOTOR SECURITIES. ißy Thomson A McKinnon.) —Sept. 9 —Opening—- • Bid. Ask. Briscoe 11% 12 Packard coin 6% 0% Packard pfd 60% 61 l’eerlens _ 30 30% Contineata! Motors com 5% 5% Hupp com 10% 11% Reo Motor Car 18 18% International Motor com. ... 30 31 National Motors 2 7 Paige Motors 13% 14% Republic Truck 8% 9%
ACTIVE OIL STOCKS. (.By Thomson & McKinnon.) —Fept. 9 —Opening—- ' Bid. Ask. Anglo-American Oil 15 15% Atlantic Refining (Lobos) ... 10 U>% Borne-Scrymser 345 300 Buckeye Pipe Line 80 82 Ch sebrougli Mfg. Cons 145 100 Cont. Oil, Colorado 107 110 Cosden Oil and Gas 5 0 Crescent Pipe Line 25 20 Cumberland Pipe Line 115 120 Elk Basin Pete 5% 5% Eureka 1 Ipe Line 74 77 Galena-Signal 111, pfil 83 86 Galena-Signal Oil, com 32 34 Illinois Pipe Line 150 153 Indiana Pipe Line 73 77 Merritt Oil 1% 7% Midwest Oil 2 2% Midwest Refining 135 145 National Transit 24% 23% New York Transit 142' 147 Northern Pipe Line 83 87 Ohio Oil 225 229 Penn.-Mex 18 20 Prairie Oil and Gas 418 425 Prairie Pipe l.ine 181 185 Sapulpa Refining 3 4 Kolar Refining 335 350 Kouthern Pipe Line 71 74 South I’enn Oil 173 177 Southwest Penn Pipe Lines. 50 54 Standard Oil So. of Ind 70 70% Standard Oil Cos. of Kan. 315 540 Standard Oil Cos. of Ky 375 385 Standard Oil Cos. of Neb 145 150 Standard Oil Cos. of N. Y ... 324 328 Standard Oil Cos. of 0hi0.... 360 370 Swan & Finch 30 35 Vacuum Oil 242 245 Washington Oil 23 28
NEW YORK CURB. (By Thomson &. McKinnon.) —Sept. 8— Closing Bid. Ask. Curtis Aero com 1 3 Curtis Aero pfd 15 Texas Chief 7 12 First Nat. Copper 40 60 Goldfield Con 5 7 Havana Tobacco . 1 1% Havana Tobacco pfd. ... 4 6 Central Teresa 1 1)4 Jumbo Extension 4 6 Int. Petroleum 10% 10% Nipisslng 4% 4% Standard Motors 34% Salt Creek 10 10% Tonopah Extension 1% 1% Tonopah Mining 1(4 1% United P. S. new 1% 15-16 C. S. Light and Heat 1% 1% It. S. Light and Heat pfd. 1% 1% World Film 7 10 Yukon Gold Mine C. .0.... 05 100 Jerome 17 21 New Cornelia 12% 13% United Verde 22% 24 Sequoyah 3 8 Omar Oil 85 87 Rep. Tire 17 25 NEW YORK RAW' SUGAR. NEW YORK. Sept. 9.—Trade in raw sugar was dull here on the market today. Cubas selling at 4.61 c per pound, djity paid, and I’orto Ricos at 4.37 c per pound, delivered. NEW YORK REFINED SUGAR. NHW Y’ROK, Sept. 9.—Trade In re fined sugar was easy or. the market here today. Fine granulated was quoted at 5.75 c per pound. NEIV YORK COFFEE. NEW' YORK, Sept. 9. —Coffee values were steady on the market here today, with opening options unchanged. Itlo No. 7 on spot sold at 7%®7%c per pound. NEW YORK RICE. NEW YORK, Sept. 9.—Trade in rice was fair and prices were firm on the market here today, dc mestic selling at 3(4@7(4c per v pound. NEW YORK TURPENTINE. NEW YORK, Sept. 9. —Turpentine sold at 6Sc per .gallon on the . market here today. J
INDIANA DAILY TIMES, FRIDAY, SEPTEMBER 9, 1921.
New York Bonds
(By Fletcher American Cos.) FOREIO NGOVERNMENT BONDS. —Sept. 9 Bid. Ask. Arg (unlisted) 5s Sept. 1, ’45 6i% 03% Belgian 6s Jan. 1, ’25 £5% 95% Belgian 7%s June 1, ’45 103 103% Belgian S Feb. 1, ’41........101% 102 ♦Belgian Rest 5s Oct., ’34 06 70 Berne Ss Nov. 1, ’45 101 101% Chile 8s Feb. 1, ’45 98% 99% Chinese (Hkg Ry) 5s June, ’6l 48% 49 Christiania 8s Oct 1, ’45 100 101% Copenhagen 5%* July 1, ’44... 70% 80 Danish Mun 8s Feb. 1, '4B 102 102% Denmark 8s Oct. 15, ’45 108 103% ♦Canadian 5%s Dec. 1, '22... 88% 80% •Canadian 5%s Nov. 1, ’23... 86% 88% •Canadian 5%s Nov. 1, Y 4 85% 86% •Canadian 5s Dec. 1, -25 84% 85% Canadian 3s Apr. 1, '23 94% 94% •Canadian 5%s Dec. 1, ’27... 87% 88% Canadian 5%s Aug. 1, ’29 93% 94% Canadian 5s Apr. 1, ’3l 80% 91 •Canadian 5s Oct. 1, ’3' 82% 83% •Canadian 5%s Not. 1, ’23 86% 88 •Canadian 5%* Nov. 1, '34... 84 85% Canadian 5s Mch. 1, 'B7 86% 87% •Canadian 5%s Dec. 1, ’37... 88 89% •French (Viet.) 6s Opt., ’31.. 61% 63 •French 4s Opt., '43 48% 50 •French (Prem.) 5s Issue ’20.. 71% 72% •French 6s Opt., '3l 72% 74% French 8s Sept. 15, '45 101% 101% •Italian (Trees.) 5s Apr. 1, '25 42% 44 •Italian (War) 5s 32% 34 Jap (First) 4%s Feb. 15, ’25.. 56% 87 Jap (Sec.) 4%s July 10, ’25.. 86% 87 Jt p 4s Jan. 1, ’3l 72 72% Norway 8s Oct. 1, ’4O 104 104% Paris 6s Oct. 15, ’2l 99% 100 Russian 6%s June 18, 'l9 14 17 Russian 5%s Dee. 1. '2l 13 17 'Russian 5%s Feb. 14, ’26 4 6 Sao Paulo 5s Jan. 1, '36 97% 98 Swedish 6s June 15, '39 89 % 00 Swiss 5%s Aug. 1, “29 90% 91 Swiss 8s July 1, '4O 107 107% U. K. 5%s Nov. 1. ”21 09% 100 IT. K. 5%s Nov. i, ’22 98% 99 IT. K. 5%s Aug. 1, '2O 90% 90% IT. K. 5%s Feb. 1, '37 88% 80% *TT. K. CV lctory) 4s Issue ’l9 . 276 290 •TJ. K. (War L.) 6s Oct. 1, ’27.360 387 •U. K. (Wr L.) 5s Feb. 1, YS SflO 873 Zurich 8s Oct. 15, ’45 101 101% Brazil 8: ’4l 09% 99% French 7%5, ’4l 96% 90% Dominican ss, '3B 91 94 Dominican 5s 'SB 79 82 •Internal loans.
CORPORATION BONDS. --Sept. 9 Bid. Ask. Alum Co.of Amer. 7s, Nov., ’25 97% 98 Am. Cotton Oil 6s, Sept. 2, '24. 90 90% Am. Tel. 6s, Oct., ’22 99 % 99% Am. Tel. 6*. Feb., Y 4 98% 8% Am. Thread 6s. Dec., ’2B 97 97% Am. Tob. 7s, Nov., ’22 100% 101% Am. Tob. 7s, Nov. ’23. 100% 101% Anaconda 6, Jan., ’29 88% 89% Anaconda 7s, Jan., '29 94 % 94% Anglo-Am. Oil 7%5, April, ’25.100% 100% Armour 7s, Jnly 15, ’3O 98% 98% Atlantic Ref. 6%5, March, ’31.102 102% Bell Tel. Canada 7s, April, '25.. 98 99 Beth. Steel 7s, July 15, ’22 99% 100% Beth. Steel 7s, July 15, ’23.... 98% 98% Can. Pacific 6s. March 2, '24 .07 % 98% Cent. Arg. Ry. 6s, Feb., ’27... 83 84 C..R.1. & P. 6a, Feb., ’22 98% 99% Con. Gas Be, Dec., ’2l 100% 100% Cop. Exp. Bs, Feb. 15. ’22 160% 101% Cop. Exp. Bs, Feb. 15. “23 100% 100% Cop. Exp. Bs, Feb. 15, '24. .. 100% 101% Cudahy 7s. July 15, ’23 99% 100 Fed. Sugar 6s. Nov, "24 95 % 90% Goodrich 7s, April, '25 90% 91 Gjlf Oil. 6s, July, '23 97 % 98 Gulf 011 7s, Feb., '33 94 95 Hock Val. 6s. March, ’24 97 % 97% Humble Oil 7s. March 15. ’23... 75% *B% Int. R. T. 7s, Sept., "21 98% 98% K. C. Term. 6, Nor. 15, ’23... 98% 98% Keun. Copper 7s, Feb., '30... 92% 93% Laclede Gas 7s, Jan. ,’/0 90% 91% Lig. & Myer* 6s, Dec., V 2l 100 100% Phlla. Cos. Ca, Feb.. ’22 100% 100% Proctor & G. 7s, March, '22...109% 101% Proctor A G. 7s, March, '23... 100% 101% Pub.Ser.N.J. 7s, March, '22.. 06% 97 R.J.Keyiivddg 6s, Aug., '22 90% 100% Sears Roebuck 7s. Oct. 15. *2l. 99% 100% Sears-Koebuck 7s. Oct. 15, '22. 98 % 98% Sears-Roebuck 7s, Oct, 18, '23 97% 97% Sinclair 7%5, May 15, '25... 90% 91% Solvay & Cle Bs, Oct.. '27 ... 09% 100% Southern Ry. 6s. March, '22.. 98% 98% 8 W.Bell Tel. 7s, April, '25... 97 07% Stand Oil (Cal.) 7s. Jan., '31.103% 104% Stand.OlH N.Y.)7, Jan. 25, '31.102 ICS St. PaulU.D.s%B, Dec. 15. ’23. 97% 17% Swift 7s. Oct. 15, "25 98% 98% Texas Cos. 7 March 1, ’23 99% 100% Utah Fee. 6s, Sept. 15, '22 01% 92 Waltham Watch 6s. Aug., '24 . 86 89 West. Electric 7a, April, '25. .100% 101 Westinghouse 7s. May, ’3l 101% 101%
Local Stock Exchange
—Sept. 9 STOCKS. Bid. Ark. Ind. Ry. & Light com 60 Ind. Ry. A Light pfd 70 Indpls. & N. W. pfd. Indpls. & S. E. pfd Indpls. St. Ry 34 41 nelt R R. com 52% 62% T H., I. A E. 00m 5 T H., I A E. pfd 15 U. T. of Ind com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance Kumeiv com 10% Advance-Rum ley pfd Am. Central Life 235 Am. Creosotlng pfd 90 Belt R R. com 52 62 Belt R R pfd 42% 49 Century Bldg. Cos. pfd 90 ... Citizens Gas Cos 20 25 Dodge Mfg. Cos. pfd 89% ... Home Brewing 52 ... Ind. Hotel com 55 ... Ind. Hotel pfd 93 Ind. Nat. Life Ins. Cos 3% 5 Ind. Title Guaranty Cos 59 69 Ind. Pipe Lines 72 78 Indpls. Abattoir pfd 40 50 Indpls. Gas 40 50 Indpls. Tel. Cos com \ Indpls. Tel. Cos. pfd 90 ... Mer. Pub Util, pfd 40 Nat’l Motor Car Cos 2% 7% Pub. Sav. Ins. Cos 4 Rauh Fertilizer pfd 40 Standard Oil rs Indiana .... 69 ...... Sterling Fire Ins. Cos 5 8 Van Camp Hdw pfd 90 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalla Coal Cos. ooin 5 Vnndalla Coal Cos. pfd 7% Wabash Ry. com 6 ... BONDS. Broad Ripple 5s 50 Citizens St. Ry. 5s 64% 72 Ind. Coke & Gas 6s 98 Indian Creek Coal A Mine 100 Indpls. C. & South 5s 88 Indpls. A Martinsville 55... 43% ... Indpls A Northern 5s 38 44 Indpls & N. W. 5s 46% Indpls. & S. E. 3* 43 Indpls. S. & 8. E. 5s 70 Indpls St. Ry. 4s 51 01 Indpls T.4T.51 67% 75 Indpls Gas Cos. 5s 71 78 T. H„ I. A E. 3s 44 U. T. of Ind. 5 47 54 Citizens Gas Cos. 3s 73 79 Kokomo, M. A W. 6s. 74 Ind. Hotel Cos. 2d 6s 93 Ir.dpls. Light A Heat 5 73% 80 Indpls. Water 4%s 66 75 Indpls Water 3s 87 92 Mch. H. & L. 5s 85 94 New Tel. Ist 6s 04 New Tel. L. D. sis 93% ... Sou. Ind. Power 5s 96 LIBERTY BONDS. Liberty First 8% 87.00 87.56 Liberty First 4% 87.78 88.10 -Liberty Second 4%s 87.82 88.14 Liberty Third 4%s 91.90 92.22 Liberty Fourth 4%s 87.94 88.86 Victory 3%s 98.92 90 24 Victory 4%s 98.90 99.22 SALES 11,000 Indpls St. Ry. 4s 51 Indp’s St. Ry 4s 51 SI,OOO T. A T 5s 70 SI,OOO Indp's Water 5s 99%
INDIANAPOLIS PRODUCE. Butter—Local dealers are paying 39® 40c per U. for butter delivered in Indianapolis. Eggs—Loss off. 28@30e. Butter —Packing stock, 17®l8c. Poultry—Fowls, 18® 22c; springers, 20®24c; cocks, 10@12c; old hen turkeys, 2he; old tom turkeys, 20® 25c; cull thin turkeys not wanted; ducka, 4 lbs and up, 15®16c; spring ducks, 3 lbs. and up, 16c; geese, 10 lbs and up, 9@loc; squabs, 11 lbs to the dozen, $5. Butterfat—Local dealers are paying 37c per pound for butterfat delivered In Indianapolis. TOLEDO SEED PRICES. TOLEDO, Sept. 9—Cloverseed—Cush, October, December and March, $12.50; February, sl2 85. Alsike —Cash and October, $10.75; December. $10.80: March, sll. Timothy— Cash, 1920, $2 55: cash, 1921, September and October, $2 70; December, $2.76; January, $2.80; February, $2.85; March,
GRAIN PRICES CLOSE HIGHER Provisions Are Also Up—Crop Report Is Bullish Factor. CHICAGO. Sept. 9.—Grain price* advanced sharply at the close of the Chicago Board of Trade today, after a weak opening. There was free selling of wheat at the outset, driving prices down from 1 to 2 cents. The market rallied quickly, however, and shot up 5 cents and more. The Government cror report was the main bullish factor. Heaw exports buying also supported the market. Provisions were higher. September wheat opened at $1.28%, off le, but a gain of 4%c at the close. December whoat opened off In at $1.31% and closed up 4c. May wheat opened down 2c at $1.36% and, at the closer gained 5%c. September corn, after opening off %c at 54%, closed up l%c. December corn opened off lc at 54%c and closed up l%c. May corn opened down %c at 59%, and regained l%c. near the close. September oats opened off %c at 37c and closed np %c. December oats opened down %c at 40%c and at the close was up lc. May oats opened off %c at 44%c and closed up l%c. (By Thomson & McKinnon.) —Sept. 9 Wheat—Reappearance of export demand not only strengthened the market, but confirmed ideas that competition of Canadian wheat is going to be important, for the simple reason that European needs are too urgent. In addition, reports of drought in Argentina have been emphasized by private cables, suggesting a material loss, unless rains fall within the near future. Yesterday's crop report precipitated a little Belling in the early market, but local experts say that the Government estimate of yield Is arrilved at by the use of figures and not derived from the thrashing returns. However, whatever the actual yield may be it is a fact that offerings of choice wheat from spring wheat sections are by no means burdensome. It is, also, a fact that tlieer Is a good domestic demand for what is offered. Bread is known as the staff of life, but potatoes run a close second in the average diet. There have been no developments which suggest any weakening in the underlying situation or in the market. On the contrary, the market seems in excellent position for the reason that export Interests absorb all offerings Wo can anticipate considerably higher prices withl ns short time. Coarse Grains—The crop report on corn was accepted as bearish, but there has been no important selling except soma hedging against purchases from the coun try. The strength In wheat and a good demand for current receipts have offset the influence of the report. Friends of oats have been encouraged by the crop estimate, and the market has broadened to a gratifying extent. Daily receipts are in good demand at considerable premium over the September delivery, especially for choicer sorts. Provisions —A weak hog market induced moderate selling of hog products. There was some investment demand for January lard, but no support for tho nearby deliveries, ex-ept at a good decline.
CHICAGO GRAIN TABLE. —Sept. 9 WHEAT— Open. High. Low. Close. Sept.... 1.28% 1.33 1.27% 133 Dec... 131 1.35% 130% 135** Mav.... 135% 141% 135% 1.41% CORN— Sept 54% .55% .54 .55% Dec 54% 2W% .54% .55% Mav 59% .60% .50% .60'-. OATS— Sept 37 . 38 .46% 38 Dec 40% .41% .40% .41% May 44 .40 .44% 45% PORK—•Kept 17.00 LARD— Sept.... 11.25 11.25 1102 .11.12 Oct 11 35 11.37 11.10 11 20 Jan... 9.75 0.80 0.65 9.(25 RIBS— Oct 8.50 8.80 8."0 8.30 •Normal. CHICAGO CASH GRAIN. CHICAGO. Sept. 9.—Wheat—No. £ hard winter. $1.82%®1.?3; No. 3 hard winter, *1.35®1.38%; No. 5 mixed. *1.21 Corn— No. 2 mixed, 55%®56c: No. 2 white, 53%®50%e; No. 2 yellow. 55%®56%c; No. 4 mixed, 54%c; No. 3 white. 58%c. Oats —No. 2 white, 3’>%®4lc; No. 3 white. 38%<tf37%c; No. 4 white, 34@36%c. TOLEDO GRAIN PRICES. TOLEDO, Sept. 9—Wheat—Cash and September, $130; December, $1.42: May. $1.51. Corn —Cash, 61®62c. Oats —Cash, old. 46®47c: new, 42®43c. ltye—Cash. *1.07. Barley—Cash, 70c. PRIMARY MARKETS. (By Thomson & McKinnon.) —Sept, it—- — Receipts— Whoat Corn Oats Chicago 206.000 042.000 229.000 Milwaukee .. 86,000 113.000 00,000 Minneapolis .. 703,000 44,000 143,000 Duluth 464,000 41,000 71,000 St Louis 277.000 60.000 102.000 Toledo 22,000 15.000 6,000 Detroit 5,000 13.000 Kansas Cttv.. 412 000 *5,000 10,000 Peoria 1.000 90.000 59.000 Omaha 222.000 56.000 42.000 Indianapolis.. 3,000 34.000 26.000 Totals 2,351.000 1,119.000 763.000 Years ago. .1.576,000 608,000 1,110,000 —Shipments— Wheat Corn Oats Chicago 1,80,000 1,121,000 492,000 Milwaukee ... 3.000 1.000 31.000 Minneapolis . 232.000 0.0(H) 98,000 Duluth 330.01i0 St. Louis 126.000 18.000 20.000 Toledo 3.000 1,000 4,000 Detroit 3.000 Kansas City.. 406.000 18,000 24,000 Peoria 8.000 8,000 49,000 OraAM 144.000 57,000 i 0.000 Indianapolis. . 5,000 6.000 20,000 Totals 1.449.00 1,239,000 703,000 Year ago ..1.003,000 262,000 527,000 —Clearance— Domestic W. New York 166,000 Totals 106.000 Y'ear ago 1.102
INDIANAPOLIS CASH GRAIN. —Sept. 9 Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade werp: Wheat —Strong : No. 2 red. $1.37® 1.40. Corn —Steady; No. 2 white. 56(856%c; No. 3 white, 65®55%c; No. 2 yellow, 56% ®SP7c: No. 3 yellow, 55>4®56e; No. 2 mixed, 85®30c; No. 3 mixed, 54®55c. Oats-Strong: No. 2 white. 41®41%c; No. 3 white, 38®39e; No. 4 white. 34® 35c. Hay—Weak; No. 1 timothy. $18®18.50; No. 2 timothy, sl7 SOftrlS: No. 1 light clover mixed, [email protected]: No. 1 clover, sl7@lS. —lnspections Wheat —No. 2 red, 4 cars; No. 3 red, 3 cars; sample. 1 car; total. 8 cars. Corn—No. 1 white, 2 cars; No. 2 white, 9 cars; No. 3 white, 8 cars: No. 4 white, 2 cars: No. 6 white, 1 car: No. 1 yellow, S cars; No. 2 yellow. 7 cars; No. 3 yel low 2 cars; No. 1 mixed, 1 car; No. 2 mixed, 1 car; total, 36 cars. Oats—No. 1 white, 1 car; No. 2 white, 2 cars; No. 3 white. 12 cars; No. 4 white, 7 cars; sample white, 2 cars; total, 24 dars. Hay—Sample, 1 car. HAY MARKET. 'lhe following are the Indianapolis prices for hay by the wagon load delivered. Hay—Loose timothy, old, $19®21; mixed hay, new, $17(818; baled hay, old, slß®2o, new. $17(019. Oats—Bushel, new, 30@35c. Corn —New, 60®62c per bushel. YVAGON WHEAT PRICES. Indianapolis flour mills and elevators toda* are paying $1.25 for No. 1 red winter wheat; $1.23 for No. 2 red winter wheat and according to test for No. 3. Oats are quoted at 30c for No. 3 white or better. WHOLESALE BEEF PRICES. The following are today's wholesale market prices for beef cuts as sold on the Indianapolis markets; Ribs —No. 2,28 c; Ne. 8. 18c. Loins— No. 2. 20c: No. 3, 150. Rounds—No. 2, 20c; No. 3,18 c. Chuqko—No. 2,10 c; No. 3, Bc. Plates—No. 2. 8c: No. 8. 7c.
SWINE VALUES 25 CENTS HIGHER Veal Prices Are Strong— Trade in Cattle Slow. RANGE OF HOG PRICES. Good Good Good Sept. Mixed. Heavy. Light. 1. $8.75 sß.oo® 8.25 $9.00 2. 0.25 8.25© 8.50 9.60 2. 9.50 8.50® 8.75 9.75 6. 9.00 8.25® 8.50 9.25 7. 8.75 B.oo® 8.25 9.00 8. 8.75 S.oo® 8.25 9.00 9. 9.00 8.25® 875 9.25 With approximately 6,000 swine on the market and both the shipping and local demand good, swine prices were generally 25c higher in trade on the local stock exchange today. Light swine generally brought *9.25, with a top of $9.35. Mixed and mediums brought $9 and heavies *8.50(5.9.75. Best pigs sold at $7.50®8 and roughs at s6@7. The bulk of the sales for the day ranged at $8.75®9.25. Trade in cattle was again dull. Fresh receipts ran close to 500 and prices were slow, steady. One load of good heavy steers sold at *7.75, the same grade that would have brought around *8.50 or $9 before the recent slump set in. Another load similar in quality were bid on yesterday at $7.76, but were not sold at a late hour in trade today. There was a fair demand for good butcher stuff, but the demand for steers was slow. Y’eal prices were irregularly higher, with 500 calves on the market and shippers displaying a good active demand. There was a top of sls on choice veals, while that grade sold generally at sl3® 1450. Lamb values were strong, a few choice lambs selling at *8.25. Sheep prices were steady. There were 500 sheep and lambs on the market.
HOGS. Best light hogs, 100 to 200 lbs average $ 9.25 Over 300 lbs B.oo® 8.23 200 to 300 lbs 8.50® 9.00 Sows 6.00® 7.00 Stags 4.0042 5.00 Best pigs under 140 lbs 7 50® 8.00 Top 9.00 Bulk of sales 8.75® 925 CATTLE. Prime cornfed steers, 1,300 to 1,800 lbs .... 7.75<3 8.50 Good to choice steers. 1,200 to 1,300 lbs 7.00® 7.50 Good to choice steers, 1,100 to 1.200 lbs 6 50® 7.00 Good to choice steers, 1,000 to 1,100 lbs 6.00® 8.50 Common to medium steers 800 to 1,000 lbs 5.50® 6.00 —Heifers and Cows — Good to choice heifers 7.75® 8.00 Medium heifers 6 00® 7.00 Common to good heifers .... 5.00® 6.00 Good tx choice cows 3 75® 500 Fair to medium cows 2.00® 3.00 Cutters 1.75® 2.75 Canners 75® 2.00 —Bulls— Good to choice butcher bulls 4.75® 5.50 Bologna bulls 4.00® 4.50 Light bologna bulls 3.25® 4.00 Light to common bulls .... 3.00® 3.25 —Calve*— Choice veals [email protected] Good veals 12.00®13.00 Medium veals 9 00® 11.00 Lightweight veais 5.50® 6.50 Common heavyweight veals.. 5.00® 6.00 —Stockers and Feeders— Good to choice steers, under 890 lbs 5.00® 6.00 Mudium cows 2.00® 3.00 Good cows 3.00® 4.00 Good heifers 5.50® 7.00 Medium to good heifers 4.00® 5.00 SHEEP AND LAMBS. Ewes 2 00® 3.50 Bucks 1.50® 2.50 Choice ewes and wether lambs 7.00® 825 Seconds o.oo® 7.00 Buck lambs 6 (B*® 6.50 Call lambs 2.00® 4.50
Other Livestock
CHICAGO, Sept. 9.—Hogs—Receipts, 15.000; market, slow and mostly 10@28c up; bulk, $7®0.25; top. *9.25; heavyweight. sß®9; medium weight. $8 75® 9.25; light weight, $8.75®8 95; light light, $8.25®9- heavy packing sow*, smooth, $6,00®i.75; packing sows, rough $6.50®7; pigs, sß®S.|s. Cattla— Receipt*. 2,500; market, steady to strong; beef steers; choice and prime, s9® 10; medium aud good, *3.u0®9.23; good and choice, $5.25®T0.50; common and medium. ss® 8 25. Butcher cattle -Heifers, $4®8.75; coww, $3.50®7; bulls, *3.(50®0.26. Can ners and cutters, cows and heifers. $2.25 ®*1.36; cauuers steers, $2.73®;i50: veul calves (light aud handy weight I, $10®13; feeder steers, $5 a 7.25; stocker steer*. $1®6.75; stocker cows and heifeiw, s3® 4.75. Sheep—Receipts, 19.000; market, lambs, 25c up; sheep, stroug; lambs: 184 lbs. downi, $7 75®9.65: culls and coiuuiuu, $5®7.50; yearling weathers, $5 ®7.50; ewes. $3®4.73; ewes, culls ami common, ; breeding ewes, $3.23 ®6iO; feeder lambs, $5.73®i.50. CINCINNATI, Sept. 9.—Hogs—Re celpts. 4.100; market, 25 to 50 cents higher; heavies. $8.23®9; mixed and mediums. $9 25® 9.50; pigs. $7.75; lights, $0.25; roughs. $6 50; stags, $5.25®fi.50. Cattle—Receipts, 600; market. slowsteady; bulls, steady; calves. sl4® 15. Sheep and lambs Receipts, 2,500; market, strong to 50 cents higher; ewes, *l® 3.30; bucks, $2©2.50; choice lambs, *10; seconds, $6.50; culls, s3®4 PITTSBURGH, Sept. 9.—Hogs— Receipt*. 1,800: market 35c higher, prime heavies. *9® 9.25; mediums, $9.15619.8."; heavy yorkers, *9.73(uM 85; light vorkers, *9.75®9.85 ; pigs. $9®9.25; roughs, $5.35® 0.35; stags. $4.3.>Q 4.85; heavy mixed $9.25®0.50. Cattle- Receipts, ioO; market steady; calves, $6.50®9.50. Sheep aud iambs— Receipts, 156; market steady; prime wethers, $4.5y®5; good mixed, *4.25®4.33; fair mixed. s3bo®4; culls aud commons. sl®2; lambs, $10.50 down EAST ST. LOUIS, Sept. 9.—Hogs—Re celpts, 6,000; market, i.teady; mixed aud butchers, $9®9.40; good heavier $8.75® 9.15; roughs. $5.75@7; lights, $9.23®0.30: pigs, $8.23®9.25; bulk of sales. *9.15®9.30. Cattle —Receipts, 1,600; market, steady; nttive beef steers, s7@B; yearling steers aad heifers, *B®B.T3>; raws, $4®5.75; stocker* und feeders. $4.25®T>.75; calves. s7>®7; canners and cutters, s2®3. Sheep and Lambs—Receipts, 2,00); market, steady; mutton ewes, $3.50@4; lambs, SB®S,6S; canners and choppers, sl@3. EAST BUFFALO. Sept 9.—Hogs—Receipts, 6,400; market active; vorkers. *<>.60®9.75; pigs, $9; mixed, *0.00®9.75; heavies, $9.25®9.50; rough I ', $6.50® 7.25; stags, s4®s. Cattle—Receipts, 2fjl>; market. slow; shipping steers, [email protected]; butcher cattle, $i.75®0.25; heifers, ss® 7.50; cows, $1.50®,5.50; bulls, $4.300(5.50; feeds. *4.M’®s.2f>; milk cows and springers. $40®13%, Calves Receipts. 750; market, active; cull to choice. ss®ls. Sheep aud lambs —Receipts 3.200: market active; choice lambs, slo® 10.50; cull to fair, $8.50®7.75; yearlings, s6®7; sheep. sl®’s.
Protest Change of U. S._Court Decree WASHINGTON, S6pt, 9.—The National Wholesale Grocers Association today filed a protest with the Department of Justice against any modification of the recent oonrt decree, which divorced the big packing concerns from their grocery interests. To Rllow tha packing interests to reengage in the grocery business “would be Rgnlust tha public interest,” the protest set forth. CLEVELAND PRODUCE. CLEVELAND, Sept. 9—Butter—Extra, tubs, 45®45%c; prints, 46@47c; extra flrzts, 44®44%e; firsts, 46@40%c; seconds, 34®30e; packing stock, 20c. Eggs—Fresh gathered northern extras. 40c; extra firsts, 39c; Ohio firsts, new cases, 85c; old cases, 34c; Western firsts, nsw cases, 33c. Poultry—Live fowls, heavy, 20@27c; light fowls, 19@20c; roosters, 15c; broilers, 22@24e ; live spring ducks, 20®24c. Potatoes—Jersey, $4 a sack. Americai Teephene & Telegraph Cos. 128th DIVIDEND A regular quarterly dividend of Two Dollars and Twenty-Five Cents per share will be paid on Saturday. Octobei 15, 1921, te stockholders of record at the does of business on Tuesday, Septem her 20. 3921. fi. BLAIR-SMITH. Treasurer.
Weather
The following table shows (he state of the weather in other cities at 7 a. m., Se-pt. 9, as observed by United States Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind.. 80.00 69 Clear Atlanta, Ga 30.06 72 Cloudy Amarillo, Tex. ... 29-80 66 Clear ismarck, N. D. ... 29.92 54 Clear Boston, Mass. ... 30.12 04 Clear Chicago, 111 20.90 68 Clear Cincinnati, Ohio . 30.02 72 Clear Cleveland, Ohio .. 80.00 68 Clear Denver, Colo 29.72 60 Clear Dodge City, Kas. . 29.80 66 Clear Helena, Mont. ... 30.00 38 Rain Jacksonville, Fla . 29.08 78 Clear Kansas City, Mo. . 29.86 72 PtCldy Louisville, Ky 30.04 72 Cloudy Little Rock, Ark. . 30.02 72 Cloudy Los Angeles, Cal.. 22>81 62 Cloudy Mobile, Ala 30.06 74 Clear New Orleans, La. . 30.04 78 Clear New York. N. Y. .. 30.00 72 PtCld.v Norfolk, Va 30.08 76 Clear Oklahoma City ... 29.88 72 Cloudy Omaha, Neb 29.82 70 Clear Philadelphia, Pa. . 30.10 74 Clear Pittsburgh, Pa. .. 30.02 72 Cloudy Portland, Ore. ... 30.04 54 Cloudy Rapid City, S. D.. 29.80 50 PtCldy Roseburg, Ore. ... 30.04 48 Clear San Antonio, Tex.. 29.86 70 Rain San Francisco, Cal. 29.78 66 Cloudy St. Louis, Mo. .. 20.96 68 PtCldy St. Paul. Minn. . 29.88 62 Clear Tampa, Fla 29.98 82 Clear Washington, D. C. 30.19 68 Cloudy WEATHER CONDITION. It is cooler this morning over the northwestern border States and Provinces, with freezing temperatures in Saskatchewan and Alberto. Temperatures rose since yesterday over the central portions of the country and are now aboTe normal in nearly ail sections except the Northern Plateau States. Showers occurred during the post twenty-four hours In Texas, over the Mississippi and Ohio valleys, and at scattered points over the Plains States and the northwest.
CORN AND WHEAT BULLETIN. For the twenty-four hours ending at 7 am., ninetieth meridian time, Friday, Sept. 9, 1921. (Temper-1 I ! ature. j fl - I ■ ! o k | o Stations of j g Indianapolis !„ ! r1“55 _§ ►> District. .U ‘S £ S3 a—c o*-i.c *S iBkU-S IL-Sal Ov* South Bend .... 84 ( 61 ( 0 | Good Angola 85;58l 0] Good Ft. Wayne 84 62 i 0 | Wheatfleld 85 j 56 | 0 j Good Royal Center ... 82 58 0 I Good Marion j 88 ! 59 I 0 ; Good Lafayette 80 63 I 0 | Good Farmland 87 \ 69 j 0 ! Good Indianapolis !83i 68 ; 0 [Good Cambridge City. 87 01 i 0 \ Good Terre Haute . ..j 82 [6B I 0 (Good Bloom’ngton ... 85 i67 ; 0 I Good Columbus i 86 ! 57 ! 0 ! Fair Vincennes ; 89 I 67 | 0.10 ! Good Paoii 83 66 0 i Good Evansville • 88 ; 68 1 0.50 | T. G SHIPMAN. Temporarily in Charge. Marriage Licenses Ben Hunter, 1118 Roaohe 6t 21 Dorothy Jacobs, 725 Iloache it IS iiCiman Moss, 51 N. Jefferson ar.,.20 Grace Oldham, 443 N. Jefferson av... 17 Ewine Gregory, 3338 Kenwood av 25 Ida Dunning, Lyon, lnd...‘ 25 Births Albert and Olive Kellermeler, 553 YV. Twenty-Ninth, girl. Harvey and Emma Castetter, 241 N. Gray, boy. Frank and Mona Redmond. Deaconess Hospital, girl. Bert and Lillian I.adigo, 1305 Finley, girl. Lester and Ruth Miller. 3500 Sbelby, boy. Joel and Helen Cooper, 250 Leeds, boy. Timothy and Margaret Fenton, 1201 E. New Y'ork. girl. Lester and Lena Rominger, 317 N. Oakland, boy. Homer and P.eulsh Kirk, 1032 Leonard, boy John and Llzxie Redford. 760 Utica, girl. Frank and Anna Herman, 2518 Columbia. boy. Clifford and Merle Cravens, city hospital. girl Roy and Bessie Roberts, city hospital, boy. James and Sadie Johnston, city hospital. boy. Whitney and Harriett Reeve, 920 N. Rural, girl. Fred and Harriett Israel, 136 E. St. Joseph, boy. Frederick and Lillian Brubn, 2753 Napoleon, girl. Carl and Nellie Sheffer, 902 West New York, girl
Deaths Charles D. Tatrick, 66, 950 Parker, chronic myocarditis Maud Mason, 44. 574 N. Temple, pulmonary tuberculosis. Erelyn Tarbell, 1, city hospital, acute myocarditis. George McMurry. 48. 2461 Hovey, carcinoma. Anson 11. Thompson, 55, 1040 W New York, carcinoma. Domenico Catanzarite, 71, 841 Fletcher, chronic myocarditis. Lowell Ralph Booock, 4 months. 207 N. Noble, ileocolitis. CHICAGO PRODUCE. CHICAGO, Sept. 9. —Butter—Receipts. 5.790 tubs; creamery, extra. 40%c; firsts, 33%@38%c; packing stock. 23®24c. Eggs - Receipts, 8.420 cases; current receipts. 27®28c; ordinary firsts, 24®26c: firsts. 29@31c; checks, 17@18e: dirties. 13<g20e. Cheese—Twins (new), 18%#18%e; dai sles, 18®18%c; young Americas, 18%c; longhorns. 19@19V,e; brick. 19c. Live poultry—Turkeys, 35c: chickens. 20®26c ; springs, 23®26r; roosters, 17e; geese 20c; ducks, 20@21c. PISTOL SAVES HIM FROM JAIL. NEW YORK, Sept. 9.—Norman Rogers was arrested here f<>r stealing a motorcycle and wearing It? his belt an automatic pistol and dagger. His counsel pleaded that the boy 4vas romantic and took the motorcycle to give a girl a ride. The anunment was intended to impress the girl. The court dismissed the theft charge, bolding that the carrying of the pistol was the more serious offense. For this the lad was fined $lO. SOME SLEEPER. PARIS, Sept. 9. —Awakening from a nap on a train between Ltaon and St. Brienc, Prof. Albert Terbune of Oxford University found the entire lining of his coat ent sway and his pocketbook gone with its contents of $5,000 in bills.
We are offering TAX EXEMPT INDIANA ROAD BONDS TO YIELD Maturities Nov. 1922—May 1926 6%% Maturities Nov. 1926 —Nov. 1928 6% Maturities May 1929 —Nov. 1931 Established in 1091 ||||||| rncorponrfed m 1905 J. F. Wild State Bank fcdianopolis. Indiana. USA.
MODERATE TURN IN STOCK LIST HELD GOOD SIGN Period of Adverse Conditions Gives Way to Brighter Prospects. DIAMOND MATCH JUMPS Special to Indiana Dally Times and Philadelphia Public I-edger. BY C. B. EVAN*. CHICAGO, Sept, v.—ln the past two years the people have grown extremely weary of throwing their good dollars Into the hopper and having them come out of the mill as sour mash, hence extraordinary satisfaction in a moderate turn in the aspect of the stock list. So timid have they grown meanwhile that they sell their holdings on an advance of a few points. This may be a good policy from a seculative view point, but as to many sonnd issues the greater profit is to be had by carrying holdings a much longer period, for the prospects are that in addition to a good interest income meanwhile there will be a larg# advance in price. A The comparatively short duration of adverse times and declining prices does not obliterate the principle that It pays to trust the United States. Probably the best stocks on which to base one's plans are those a little aside from the hnrlyburly of up and down caused by mere speculative transactions. A dozen issues on the Chicago list jould be named in ILis category. Diamond Match, a stalwart, celebrated the change in the spirits of traders by a jump from 09% to 107 Wednesday, and thus far this year the transactions in it are a little over 3,000 shares. OTHER STOCKS INVITING. American Radiator, some of the packing stocks, certain of the Insull issue* at least one of the less known agricultural implement companies. Inland Steel, probably Quaker Oats and perhaps Union Carbide and Carbon may be mentioned as inviting. As to International Harvester, its stock of unsold tractors and other machines is said by good authorities to have been overstated. It is a fair surmise that considerable sales of these machines have been made recently. Even the intramural transportation companies may merit attention, although the enemies of that class of property are numerous and at times very troublesome, and Peoples Gas has a management and a support of the highest quality. Os ail these companies it may be said that net earnings are nil or pooror indifferent, but of ail that they have surpasses like so many great bins full of gold Gradually the people are finding out what there is underneath these concerns, and the same appears to be true with respect to the better class of corporations all over the country. That the earnings of a corporation take a vacation mid-summer is no sign that they are not going on about their business under more stimulating conditions. The conviction Is becoming general that the downpour of zero dividend* has gone by.
SHARP RISE DUE TO SCARCITY. Ever In this country the cause of panic and business depression has been an excess of things—of merchandise, of new projects, etc. It Is interesting to note that the one thing which has given mere of the spirit of revival than any ether, that is the sharp rise in cotton, is due to a scarcity of something. The loss or curtailment of a crop is considered a calamity in this country, but as to the whole body of the people the small cotton crop of this year is a blessing inasmuch as it has greatly enhanced the value of the commodity itself and has led the public to see what may happen when all through the country the supplies of neceessary articles are low and the amount of capital ready for work is large. When we look a little outside of those things we still find reason for great caution. The adjustment is only part way on the road as a satisfactory condition of our affair*. Europe precipitated the grea' war and is responsible for its aft-er-effects, and toward that part of the world we must look for the menace running against a country which is trying to go forward. We are only a small part of the world and we cannot successfully fight the other 1.700,000,000. It is reported today that Germany wants all the wheat the United States can spare, but Germany cannot pay for it. The result is an accumulation of credits which must have its effect on the exchanges for a long period. And Germany is only one country in the large aggregate of nations asking us for help. The world Is distorted and we must suffer a portion of the consequences, however strong our impulse may be toward better things. —Copyright, 1921, by Public Ledger Cos. REVENUE OFFICE CLERKS CHANGED One Man Goes to New York for Three Months. Several minor changes in the Indiana Internal Revenue Department personnel were announced today. M. Burt Thurman, collector of internal revenue, announced that Mary Edith Watson, Corydon, has been appointed to serve in the income tax department, replacing Dorothy Helsel. M. N. Dunbar, chief estate officer in the office of Frank Brubeek. revenue agent for the district of Indiana, has been transferred to the New York City office for ninety days, where he will instruct agents and investigate large estate tax matters. Charles N. Fultz. Crnwfordsvllle, will have charge of Mr. Dt.nbar's work while be is out of the Stite. Appointment in Washington of Clinton T. Cosco, Madlsou. as a deputy col ectton under former Collector Peter J. Kruyer, to be estate tax inspector In Indiana, has been announced.