Indianapolis Times, Volume 34, Number 104, Indianapolis, Marion County, 10 September 1921 — Page 11

MARKET GAIN COVERS WIDE ISSUES’ RANGE Advances Extend From One to Five Points on Many Stocks. NICKEL PLATE CHEERS f By MONITOR. Special to Indiana Daily Times and Philadelphia Public ledger. NEW YORK. Sept. 10.—Another spurt of activity and strength charterized the stock market Friday and the upward movement covered a broad range of issues, tvith gains extending from one to five points. Oils, coppers, equipments, steel, rails and textile shares all participated in a brisk upward movement. The skeptics again ascribed the showing to short covering, thus indicating that a string bear party is standing Its ground. It is hardly necessary to single out indi vidual issues. The rails were treated to something of a sensation by the episode in Nickel I’late where stockholders were made happy by retroactive dividends The incident while unusual, was productive of cheer. The coppers reflected encouragement tiver the maintenance of tha Utah dividend as well as the moderate rise in lead pieces. The figures of the American Iron and Steel institute on steel ingot production disclose a somewhat better condition in the industry than was believed to exist. Moreover the reports of revival in various quarters of the iron and steel industry tend to sustain certain claims that production has run down to such a low ebb that the depletion of stocks is becoming a factor. The pronounced strength of equipment is due, probably to the belief that the railroad funding bill is going to receive favorable consideration by Congress when the session convenes. At any rate, the buying of equipments has been one of the most pronounced features of the market lately and the Mg short Interest in Baldwin has been on the run for the last two days. The market shows a disposition, and moreover an ability, to ignore unfavorable news snch as the moderate decline of six per cent in the reserve ration of the combined Federal reserve system, -and the passing of the dividend on Continental Can.—Copyright, 1021, by Tublic Ledger Company. WALL STREET GOSSIP. By Monitor. For the first time since 1918. all of the dividends accrued on both issues of preferred of the New York, Chicago and St. Louis railroad are paid in full. The directors authorized payments of 5 per cent each on the first and second preferred out of 1018 income, 2% per cent on the second preferred out of 1910 income and 5 per cent on the common out of income for the same year. The 'common was actively traded in for the first time in some weeks and showed an advance of five points at the close. A factor in the strength of the copper and smelter stocks was the announcement of an advance in the price of lead from 4.50 cents to 1.60 cents. The steel stocks advanced on the issued by the American Iron and Steel ins-tit ute which showed an increase of steel ingot production from 803,376 tons in July to 1.138.171 in August. This increase in ingots is taken by traders to indicate a permanent change in the steel situation. Directors of the Chandler Motor Company met in this city instead of in Cleveland. The quarterly dividend es $1.30 a share was declared and in a statement issued after the meeting it was said the outlook for the industry warranted the payment although it was rot earned during the last quarter. The company is said to be shipping about 4I"J cars monthly. Directors of the Continental Can Com pany met and passed the quarterly divident of $1.7-1 a share due on the comm >n stock at this time. The regular disbursement of $1.71 on the preferred was authorized. Sixty-five cases of silver bars arrived yesterday from Germany the value being placed at about $32,000. A shipment of about $300,000 in gold arrived from Sweden and the Aquitania brought $43500,000 consigned to Kuhn Loeb and Company. The equipment stocks were strong under the leadership of Baldwin Locomotive which advanced vigorously on the announcement that the “Government of Chile had placed an order for ten Mikado type narrow gauge locomotive*. American' Locomotive and American Car k Foundry wore active and strong. Announcement was made of a reduction of prices by the Moon Motor Car Company of $2- 0 a oar. fol'owing the example of the Studcbaker Corporation. Directors of the Manhattan Shirt Company declared their quarterly dividend of 134 per cent on (he preferred stock. The Lehigh Valley Coal Sales Company declared the quarterly dividend of $2 per share on the stock of that company.

LEGAL NOTICE. NOTICE OF SALE OF PERSONAL PROPERTY. In the matter of the estate of Bridget Eurke, deceased. Thomas D. McGee, executor under the last will and testament of Bridget Burke, deceased, by order of the Marion Probate Court of Marion County, Indiana will, on the 18th of September, 1921, at the hour of 10:00 o'clock, a. m., at his office 603605 State Life building in the City of Indianapolis, Indiana, offer for sale, at prixate taie, the personal property of said estate consisting of the following items: 1. Certificate No. 5638 of the Railroadmen's Building and Saving Association for 15 shares paid up capital stock, issued July 7. 1914. 2. Certificate No. 4111 for 16 shares T^ilroad men’s Building and Saving Association, fully paid up stock, issued November 14. 1911. 3. Liberty Bond. Fourth Liberty Loan, for *30.00 No. A-04055J11. 4. Liberty Bond. 4 \ t '/ c Gold Bond, for *50.00 No. 1328168. 5. Book Xo. 10884, Issued by Railroadmen's Building and Saving Association, for 23 shares of Capital stock, total July 1. 1921. 82.125.62, dividend July 1. 1921, *90.86. 6. War Saving Stamp No. 23547689. series of 1918. containing six- *5.00 stamps. . 7. One lot of household furniture. Said sale will be subject to the approval of said Court and for not less than the full appraised value of said personal property. on the foiloxvi tg terms and conditions: Ail for cash, or at least one-third of the purchase price in cash, the balance in two equal installments payable six and twelve months from date of sale, to be evidenced by notes waiving valuation and apprais-ment laws and bearing 6/4* interest until maturL;- with sufficient surety. Baid sale will continue from day to day until all of said property is sold. THOMAS D. MeGEE, Executor of the Estate of BRIDGET SL'RKp, deceased. TREASURY' STATEMEX'T. Ylonthly statement for August, showing ba.ance In the State tre: s Ur v at the close of business. Aug. 31, 1921. as appears in the office of auditor and treasurer of State Balance in treasury July 31, 1*74 *5.046.385.17 Auguct receipts 241.079.50 Total *5.290.464.67 Disbursements *2.039.994.69 Balance on hand $3,250,469.98 Balance by Funds— General $ 591,014.78 Road 599.294.55 Fire marshal 35.017.64 Highway commissipn 354.553.54 Hydrophobia 17.212.53 Y'ccaiional education 136.023.59 School revenue for tuition. 272.886.77 State debt sinking 310.000.0n Educational Institution 550.432.52 'Unclaimed estates 47.085.45 Common 5ch001.... 10.657.99 Sale State lands 1 1,446.47 State soldiers’ memorial fund 150,339.63 Auto theft fund 101,184.32 Total *3,250.469.98 Outstanding warrants * 130.033.95 ORA J. DAVIES, Treasurer of State. WILLIAM G. OLIVER, Auditor of State.

Stock Market Review

NEW YORK, Sept. 10.—The New York Evening Sun’s financial review today says: “Not in a long time has the stock market displayed greater animation and strength in a Saturday short session than it did today. Buying initiative was pronounced from the outset and throughout the first hour it was widely distributed in virtually every group, the tobaccos being about the only exceptions. The leader in the forward swing was Mexican Petroleum. “The steels were up a point or two, United States Steel being the most backward, while the Street was waiting to see what that corporation's tonnage report for August was. "Cotton was strong, advancing $5 a bale, placing most deliveries again above the 20-cent level. “As the weeks pass toward the autumn Period, sentiment with respect to business conditions continues to get better, and though it is still early to witness real activity, commitments are being based largely on the certainty of its friction. "The rise in cotton prices has done much to stimulate optimism and developments elsewhere.”

N. 7. Stock Exchange

—Sept. 9 Prev. High. Low. Close, close. Allied Chemical 38% 38 38% 38% Ajax Rubber .. 20% 19% 20 20 Allis Chalmers.. 33% 32% 33% 33 Am. Agri 35 34 % 35 35% Am. Beet Sug... 29V. 29% 29% Am. P.osch Mag. S,i% 33% 33% 33% Am. Car Fdy. ..130% 127 130% 126% Ann. Can 27 26% 27 18 Am. H Ar, com. 9% 9% 9% 9% Am. H& I, pf.l. 10 49% 50 40 Amn. Cotton Oil 10 18% 19 lS Am. lilt. Corp... 32% 30% 31% 30% Aw. Linseed ... 20 20 20 Am. Loco 90% 88 90% 87% Am. Smelt & Ref 36% 31% 36% 35% Am. Sug Ref.... 02% 60% 01% 61% Am. Sum Tob .. 47% 45 47% 46% Am. Stl. Fdy.... 25 24 25 24 Am. Tel. & Tel. 107% 106% 107% 106% Am. Tobacco 126% 125* 126% 125% Am. W001en.... 75% 73% 75% 73% Anaconda .Min.. 38 36% 37% 36% Atchison 85% 8-1% 80% 84% At!. Gif. &W. I. 26% 25% 26% 26% Baldwin Loco.. 86% 81 86% 81% B. & 0 38% 37% 38% 37% Beth. Steel (81. 53% 51 53% 51% California Pete. 39% 36 39 35% Can. Pac. Ry... 112% 111% 112% 113% Central Leather 29% 27% 29 27% Chandler Motors 47% 45% 47% 46 C. & 0 55% 54% 55% 54% C„ M. & St. P.. 26% 25% 26% 25% C..M. & St. P. pf 40% 39 39% 39% Chicago & Xw.. 65% 65 65% 65 C., R. I. & P... 32% 32% 33% 33 CRI& P 6 pc pf. 65% 65% 65% C R lA-P 7 pc-pf 70% 7rt% ' 67% Chili Copper..... 11% 10% 11% 10% Chino Copper.'. 24% 23% 23% 23 Cola 35% 95% 30% 34% Col. Fuel & Irn 25 25 25 Colum. Gas 46% 56 50% 50% Colum. Graph.. *4% 3% 4% 3% Consol. Gas.... 88 87 % 8s 87 Contin. Can 44% 38 40 41 Cosdeti Oil 25% 24% 25% 25% Corn Products.. 74% 71% 74 72Vi I Crucible Steel.. 01% 57% 01 59 Cub. Ain. Sugar 13% 12- s 13% 13% I Cub. Cane Sug. 8 7% f 7% Dome Mines.... 17 17 IV i Endieott 62% 01% 62 61% Erie 13% 13% 13% 13% Erie Ist pfd.... 19Vt 19% 19% 19% Famous Players 59 50 % 58% 57 Fisk Rub. Cos. 9% 9% 9% 9% Gen. Asphalt... 50% 48 50% 48% Gen. Cigars.... 59% 59 59% 59 •Gen. Electric 125 121% 125 124% Gen. Motors... 10 9% 10 * 9'f Goodrich 31% 31% 31% 31% Gt. North, pfd. 74% 73% 74% 74% Gt. North. Ore 28% 28 28% 28 Gulf States S. 37% 37% 37% 36% Houston 0i1... 51% 49% 51% 49 Illinois Central 95 95 95 95% I Inspiration Cop. 34% 3313 34% 33% lnterboro Cor.. 32% 2% 2% Invincible Oil.. 9% 9 9% 9 Fnter. Harvester 80 77% 79% 78 Inter. Nickel.. 14 13% 14 13% Inter. Paper.. 47% -15 47% * 45% Island Oil & T. 2% 2% 2% 2% Kan. C. South. 26% 25% 20% 2a Kelly-Spring. T. 42 40% 42 41 Kennecott Cop. 20% 19% 20% 19% Lacka. Steel... 41% 39% 40% . Lehigh Valley.. 52% 52 52 52 Lee Tire 25% 25% 25%- 25% Loews. Inc. 14% 14% 14% 14% Loft Candy .... 10 9% 10% 9% L. & N 100 109 109 ..... Marine Com. .. 10 10 io 10 Marine Pfd. ... 45 44% 41 44% Mont & Ward.. 18% IS . 18% 18% Maryland Oil . 11% 1.7% 15% 15% Mexican P. ... 111% 111% 114% 112% Miami Copper 21% 20% 21 20% •M. States OH. 11% 11% 11% 11% Midvale Steel . 24% 24 24% 24 Missouri Pae. . 19% 19% 19% 19% M. Pac. Pfd... 38% 38 38% * 38% Nat. E. k 5... 34% 33% 33% 34% National Lead . 74% 73% 74% 75% N. C. Copper.. 11% 10% 11% 10% N. Y. A. Brake. 51 51 51 10% N. Y. Central... 71% 71% "1% 71% New Haven 15% 15% 15% 1.7 Nor. & West... 95% 95% 95% 95% Nor. Pacific 76% 74% 76% 75% Ok.l’. & R.C0... 1% 1% 1% 1% Pacific Oil 36% 35% 36% 35% Pan-Am. Pete... 50 48% 50 48% Penn. R.v 38% 38 38% 38% People's Gas 56 • 35% 56 55% Pierce-Arrow .. 13 11% 12% 12 Pere Marquette.. 19% 19% 19'. Pitts. Coal 58 57% .78 57% P. Steel Car 57 57 57 54% Pull. Pal. Ca 94% 92 94% 93% Ry.S. Springs... 84 82 84 81 Pure Oil 24% 24% 24% 24 Reading 69% 68% 69% 68% Rep. I. k 5.... 49% 48 49% 47% Rep. Steel 25% 24% 25% 24% R. Dutch N. Y... 50% 49% 50% 50 S-Roebuck 68% 67 68% 68 Sinclair 20% 19% 20% 20% Sl.-Sheff. S. &I. 36 35% 36 35 So. Pacific 77% 77% 77% 77% South, llv 21 20% 21 20% St. L. & SW. Ry 25% 25% 25% 27 Stand. Oil N. J.. 136 136 136 136 St.L.& S.F.eom.. 24% 23% 24% 23% Strom. Carb. ... 31% 31% 31% Studebaker 78 73% 78 74% Tenn. Cop 8% 8% 8% 8% Texas Cos 36 37% 26 35% Tex. & Par. ... 25 24% 27 24% Tob. Prod 70 66 70 63% Trnnseont. Oil 8% 7% 8% 8 Union Oil 18 17'-. 18 18 Un. Pacific 120% 119% 120 119% U ll^Ret. Stores. 55% .73% 57% 53% U.S. F. P. Cpn. 17% 17% 17% 16% Un. Fruit Cos. ..109% 108 108% 108 United Drug ... 48% 46% 47% 47% US Ind. A! 47% 46% 47% 46% jUS Rubber 49 47% 49’ 48% US Smelting ... 30% 30 30% US Steel 77% 76% 77% 76'/. US Steel pfd. ..109% 109 109% 109% Utah Cop 49% 47% 49% 47% Van. Steel 31% 32% 34% 32% Vlr-Car Ohein.. 30% 29% 29% 30 Wabash Ist pfd. 2t 21 21 20% White Oil 8% 8% 8% 8% Western Union . S3 S3 S3 ..... B est. Elec 41 43% 44% 43% White Mot 33 S3 33 ..... W-Overland 6% 6 6 6 Wilson and Cos. 36 31% 36 31.. Worth. Pump 40% 38 40 38 West Mary. .. . 0% 9% 9% 9% NEW YORK LIBERTY BONDS* —Sept. 9 Prev. High. Low. Close. Close. L. B. 3%S 87.40 87.14 87.26 57.44 L. B. Ist 4s 87.90 87.92 L. B. 2nd 4s 87.90 L. B. Ist 4%s ... 88.00 87.94 87.94 87.96 L. B. 2nd 4%s .. 88.06 87.90 87.94 87.92 1.. B. 3rd 4%s .. 92.12 92.04 92.06 92.0* 1., B. 4th 4%s . 88.18 87 08 88.08 88.00 Victory 3% s 90.(-8 99.01 99.04 99.08 Victory 4%s ... 99.C0 99.04 99.04 99.08 NEW YORK METAL MARKET. NEW YORK, Sept. o.—Copper—Steady . spot, September. Octob'cr and November. offered. ll%c. Lead—Quiet; spot, Se{tember and October offered, 4.60 c. Srelter Dull; spot, September and October offered, 4%c; November offered, 430 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 23®:38c p r pound; domestic pulled, scoured basis, at 18®67e and Texas domestic, scoured basis, at 40®71c. NEW YORK PETROLEUM. NEW YORK, Sept. 9. —Petroleum prices were again firm in trade on the market here today, Pennsylvania crude oil selling at $2.21 a barrel. NEW YORK REFINED SUGAR. NEW YORK, Sept. 10. —Trade in refined sugar was easy on the market here yesterday. Kino granulated was quoted at o. uc per pound.

STOCK MARKET CLOSES STRONG Trading Continued in Large Volume During Last Hour. NEW YORK. Sept. 10.—The stock market closed strong today, many stocks reaching new high levels for the fay in the last few minutes. There were some reactions of from 1 to 3 points around 11:30 o'clock on profit taking sales, but these losses were soon recovered. . Mexican Petroleum, after falling 3% points to 116%, recovered most of this loss, and Baldwin Locomotive touched a new high of 88%. United States Steel was in demand and sold up to 79. Crucible Steel touched 61, Bethlehem Steel “B' 55. and General Asphalt 52. The railroad stocks showed gains frott 1 to 2 points. Trading continued in large volume. Total sales of stocks were 51,190 - shares; bonds, $5,258,000. Total gales stocks this week were 3,167,600 shares; bonds, $55,487,000. (By Thomson & 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 discuss facts. You have seen advances in the price of copper and today you have announcements of an advance in the price of lead and in tha daily press reports you read of a plant resuming operations here and another there, Fron- far sections you hear of increased sates of lumber and other of our products. You see a growing demand for our food products, and when you stop and analyze what is going on, you will be forced to the conclusion, as we have been, that the necessities of the world constitute the basis for optimism. The world needs transportation facilities, locomotives and ears; the world needs houses and business 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 bad been centered on what's coming rather than on history. TWENTY STOCKS AVERAGE. NEW YORK. Sept. 10.—Twenty industrial stocks Thursday averaged 69.13. off .34 per cent. Twenty active rails averaged 72.62, off .30 per cent. CLEARING HOUSE STATEMENT. NEW YORK. Sept. 10.—Exchanges, $620,000,000: balances. $64,400,000; Federal Reserve Bank credit balances, $40,100,000.

Money and Exchange

Indianapolis hank clearings Friday were $2-101.000, against $2,599,000 for Friday of last week NEW YORK, Sept. 10.—Foreign exchange opened weak today with demand sterling %c higher at $3.73%. Francs yielded 2% centimes to 7.4tJc for cables and 7.45 c for checks Lire cables were 4.30 c: checks. 4.29 c. Belgian franc cables were 7.33 c: chi>cks. $7.32c. Guilder cables were 31.75 c; checks. 31.73 c. Sweden kronen cables were 2J<63c; cheeks, 21.58 c. Marks were lc. NEW YORK CALL MONEY. NEW YORK. Sept. 10.—Money: Call money yesterday ruled 5 per cent; high, 5% por cent: low, 1 per cent. Time rates, steady* all 5% to 6 per cent. Time meroantiio paper steady. Sterling exchange was steady with business in bankers’ 1 bills :.t $3.72 for demand. j NEW YORK BANK STATEMENT. NEW YORK, Sept. 10. Averages: Loans, decrease. $17,202,000: demand ic posit, decreased, $17,022,000; time deposits, increased, $8139" 0; reserve, decreased. 5142.240. Actual: Loans, decrease $8,391,000; demand deposits, increased, $7,037,000; time deposit, increased, $3,313,000; reserve, increased, $16,769,009. MOTOR SECURITIES. (By Thomson A McKinnon.) —Sept'. 10— —OpeningBid. A ski Briscoe 12% 13 Packard com 6% 6% Packard pfd 59% 60% Peerless .# 36% 37 Font. Motors com 5% 5% Hupp co m 10% 11% Reo Motor Car 18%. 19 Internat. Motor com 32% 33 National Motors 2 5 Paige' Motors 13% 11% ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Sept. 10—Opening— Bid. Ask. Borne-Scrymser 340 360 Buckeye l’ip; Line 80 82 Uhesebrongh Mfg. Cons 140 100 Continental Oil, Colorado ...107 110 Cosden Oil and Gas 5 6 Crescent Pipe Line 23 21 Elk Basin I‘cte 1% .7% Eureka Pipe Line 73 77 Galena-Signal Oil, pref 81 9> Galena-Signal oil, Com .'2l 34 rilinois l’ipe Line 131 153 Indiana Pipe Line 73 78 Merritt Oil 60S 7 Midwest nil 2 2% Midwest Rfg 131 111 National Transia 24 26 New York Transia . .140 1741 Northern Pipe-Line 83 88 Ohio Oil . 224 227 Oklahoma p. A R 4% 4% l’enn.-Mex 18 2o Prairie Oil and Gas ...420 430 Prairie. Pipe Line 179 183 Snpuipa Itcfg 33% Solar Refining 331 310 Southern Pipe Line 72 76 South Penn Oil 170 175 Southwest Penn Pipe Lines.. 51 54 Standard Oil Cos. of ind... 70% 71% Standard Oil Cos. of Kan. ...311 381 Standard Oil Cos. of Neb. ...141 152 Standard Oil Cos. of N. Y.... 323 328 Standard oil Cos. of Ohio ...30) 370 Swan & Finch 30 31 • Vaeum Oil 240 243 Washington Oil 23 2:. NEW YORK CURB. (By Thomson & McKinnon.) —Sept. 9 —Close Bid. Ask. Curtis Aero com 1 3 Curtis Aero pfd 10 15 Texas Chief 7 12 First National Copper 40 60 Goldfield Con. 5 7 Havanav Tobacco 1 1% Havana Tobacco pfd 4 6 Central Teresa 1 1% Jumbo Extension 4 6 International Petroleum 10% 10% Ni pissing 4% 1% Standard Motors 3% 4% Sait Creek 10 10% Tonopah Extension 1% 1% Tntiopah Mining 1% 1% United I’. S. new 1% 1% U. S. Light and Heat 1% 1% i'. S. Light and Ileat pfd. ... 1% 1% World Film 7 12% Yukon Gold Mine Cos 1 1% Jerome 18 21 New Cornelia 12 13% United Verde , 21% 23 Sequoyah f 8 15 Omar Oil a. 88 90 Rep. Tre ‘ ... 15 25 NEW YORK COFFEE. NEW YORK, Sept. 10.—Coffee values were steady on the market here yesterday, with op ning options unchanged. Rio No. 7 on spot sold at 7%@7%c per pound. NEW YORK RAW SUGAR. NEW YORK Sopt. 10. Trade in raw sugar was (lull here bn the market yesterday. Cubas soiling at 4.61 c per pound, duty paid, and Porto llicos at 4.37 c per pound, delivered. NEW YORK TURPENTINE. NEW YORK. Sept. 10.—Turpentine sold yesterday at 08c per gallon on the market here. CLEARING HOUSE STATEMENT. NEW YORK. Sept. 10. -Exchanges vcr terdav weta $.731.900.000: balances, $49.900.000; 1 ederal reterve bank credit balances, $11,700,000. / NEYV YORK RICE. NEW YtKIK, Sept. 10.—Trade In rice was fair iGid prices were firm on the market herie yesterday, domestic selling at 3%tg7%c per pound!

INDIANA DAILY TIMES, SATURDAY, SEPTEMBER 10, 1921.

Indiana’s Corn Crop Condition Much Better

Oats Crop Poorest Ever Produced in History of State.

The condition of Indiana's corn c-op on the }frst day of this month showed much improvement over the condition of last month, although the condition continues spotted throughout the State, according to the monthly crop report of the Indiana legislative reference bureau, which cooperates xvith the U. S. Department of Agriculture. Practically all other crops Rhoxv good improvement over last month's condition, with the exception of potatoes, which have improved but little, if any. Regardless of the fact that many of the crops show improvement in condition for the month, some of them will be the poorest in th 6 history of the State, the report stated. The report, in full, follows: “The condition of Indiana's corn Sept. 1 was considerably better than reported for the previous month, showing a gain of approximately 26.000,000 bushels, and all other growing cro®3, except white potatoes, also show a decided improvement over last month. CORN CONDITION IS SPOTTED. “The condition of corn continues spotted throughout the State, wide variations existing even in the same counties, with the average figure at 80 per cent of normal on Sept. 1. This is an increase of 12 points over last month and indicates a production of 163,620,000 bushels, compared with 137.535,000 bushels shown for August and 184,072,000 bushels harvested last year. Good rains and cooler weather during August was of great benefit to the late planted command are now keeping it from ripening. “Practically all (he early planted corn will be out of the way of frost by the middle of the month. “There are more barren stalks than usual and ear worms are exceptionally numerous. Farmers should examine their fields ns superficial appearances are very deceiving. SPRINK YVHEAT YIELD LOW. “The condition of spring wheat at the time of harvest was given at 40 per cent of normal, which indicates a production of approximately 40,000 bushels. Last year's estimate for the State was 140,000 bushels. The acreage this year is much smaller than last and considerable of this years acreage was abandoned. “The oats crojywas probably the poorest ever produced in the State, both from point of quantity and quality. At the lime of harvest the condition was 58 per cent of normal, from which a production of 45,675,000 bushels is indicated. The forecast for August was 45,590,000 bushels and Inst cl r's harvest amounted to 76.875,000 husliTis. Many fields were not cut and some that were cut were put in the barn to he used as a hay. “Barley was another po*>r crop, the condilion at the time of harvest being 60

New York Bond3

(By Fletcher American Cos.) foreig ngovernment bonds. —Sept. 10-*. Bid. isk. Arg. (unlisted) 5s Sept. 1, "4.7 64 % 63% Belgian 6s Jan.- I, ’25 95% 95% Belgian 7%s June 1. 45 103 Vi 104 Belgian 8s Feb. 1, ’4l 102 102% Belgian Rest 3s Opt., ’34 66 70 Berne 8s Nov. 1, '45 ’...101 101% Chile Ss Feb. 1. 41 98% uJ Chinese (llg Ry) 5s June, 'sl. 48% 49 Christiania 8s Oct. 1. '4o 101 101% Copenhagen 5%s July 1, '44. 79% 80 Danish Mnn 8s Feb. 1, '40.. 102 102% Denmark 8s Oct. 15. '45 102% 103% •Canadian 5%5, Dee 1, '22-. ..87*/ 89% •Canadian 5%5, Nov. 1, ’23.. 86% 88% •Canadian 5%5, Nor. 1, '24.. 85% 86% •Canadian 5%5. Dec. 1. 27.. 87% 88% Canadian s%t>, Aug. 1. '29 ... 94% 94% Canadian ss, Apr. 1, '3l 90 91 •Canadian ss, Oct 1, '3l 82 83% •Canadian 5%r. Nov. 1, '33.. 86% 8$ •Canadian 5%5, Nov. 1. '34.. 84 85% Canadian ss, Mch. 1, '37.... sti% 87% •Canadian 5%5, Dee. 1, '27.. $7% 89% •French (Viet.) ss, Opt.. '31.. 61% 63 •French Ss. Sept. 15, ’45.. . 101% 101% •Italian (T.) ss. Apr. 1, '25 42% 14 •Italian (War) 5 52 34 .Tap (First) 4%5, Feb. 15, '27 86% 87 Jap (2nd) 4%5, July 10, ’25 86% 87 Jap 4. Jan. 1, '3l 72 72% Norway Bs. Oct. 1. 40 104% 194% Paris (is, Oct. 15, ’2l 99% I<H) Russian 6%5, June 18, 'in.... 13% 17% Russian o%s, Dec. 1. '21.... 13% 17% •Russian 5%5, Feb. 14, “26... 4 6 Sao Paulo Is, Jan. 1. ’36.... 07 % 97% Swedish 6s, June 1.7, '39...... 89% 90 Swiss 5%5, Aug. 1, '29 90% 91 Swiss Bs. July 1. '4O 107% 107% U. K. s'-.s, ,\ov. 1. ’2l 99% 99% I'. K. 5%g, Nor. 1. '22 98% 98% I'. K. 5%5. Aug. 1. ”29. 90 % 90% I'. K 5%r. Feb. 1, 37 BS% 80% •U. K. (Victor; i 4s. Issue 'll) 275 289 ♦U. K. (YV. 1,.) ss. Oct. I, ’2.2370 .’sß9 •r. K. (YV. L.) ss. Feb. 1, '29 560 375 Zurich 8, Oct. 15, ’45 101% 102 Brazil Bs. '4l 99% 99% French 7%5, '4l 96% 96% Dominican Is. ’3B 91 94 Dominican Os, ’SB 79 82 ♦lnternal Loans. CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s, Nov.. ’25 97% 98 ■Am. Cotton Oil 6s Sept. 2, '24. 90 90% Am. Tel. 6s, Oct.. '22 99 % 90% Am. Tel. (is, Fell.. '24 98 98% Am. Thread 6s. Dec.. 28 97 97% Am. Tob. 7s, Nov., ’22 100% 101% Am. Tob. 7s. Nov., ”23 100% 101% Anaconda 6s, Jan., '2O 89 89% Anaconda 7s. Jan., ’29 94% 94% Arglo-Atn. Oil 7' s Apr., '2,7.. 160% 101 Armour 7s, July 15, ’3b 98V; 98,% Atlantic Ref 612,4. Mch., 731. .102 102% Bell Tel. of Can 7s, Apr.. '25.. 98 99 Beth. Steel 7s, July 1.7, '22 99% 100% Beth. Steel 7s. July 15. ’23 98% 98% Can. Pac. Ca, Mui. 2. “21 97 '. 98% Cent. Arg. Ry. <j Feb.. ”27.. 83% 87 (V, R. I. &P. 6s. Feb., '22.... 99% 99% Con. Gas Hs. Pe<"., ’2l 100 100% Cop. Exp. Bs, Feb. 17. '22 10(1% 101% Cop. Exp. Bs. Feb. 1.7. ’23 100 b, 100% Cop. Exp. Bs. Feb 1.7. ’24 100% 101% Cop. Exp. .83, Feb. 15, ’25 101 % 1()1% Cudahy 7s. July 15. ”23 99% 100 Fed. Sugar 6s, Nov., ”21 97% 9'',% Goodrich 7s. Apr.. '25 90% 91 Gulf Oil (is. July, '23 97% 9.8 Gulf Oil 7s, Feb., '33 99% 100% Hocking Vnl. 6s. Mch.. '2l 91 94% Humble Oil 7s. Mch. 15, ’23.. 97% 98 Tut. R. T. 7s, Sept.. ’2l 75% 76% K. C. Term 6s, Nov. 1.7, ’23.. 08% 98% Iveun. Cop. 7s, Feb., ’3O 93 93% Laclede Gas 7s. Jnn., ’29 90% 91% Lie. & Myers (Is. Dec., ’2l 100 100% Philn. Cos. (is, l'Vn., ’22 100% 100% Proctor &G. 7s, Mch., '22 100% 100% Proctor & G. 7 S , Mch., ’23....101 101% Pub. Ser. N. J. ,'s, Mch., ’22.. 96% 97 R. J. Reynolds 6s, Aug.. '22. . 99% 100% Scars Roebuck 7s, Oct.. 1.7. 121 98% 98% Sears Roebuck 7s, Oct. 1.7, ”22. 97% 97% Sears Roebuck 7s, Oct. 1.7, '23. 9737 97% Sinclair 7'As, Mav 15, ’25 99% 91% Solvny & Cie Bs. Oct.. ’27 99% 100% Southern Ily. (is, Mch., '22.... 98% 98% S. YV. Bell Tel. 7s. Apr., '2.7... . 97 97% Stand. Oil (Cal.) 7s. Jnn.. *31.. 103% 104'% Sid. Oil (N.Y.) 7s, Jail.. “2.7-'31.102 10.7 St. Paul U. D. .7%5. Dec. 1.7. ’23 97% 97% Swift 7s. Oct. 15. ’25 98% 93 Texas Cos. 7s, Mch. 1. “23 99% 100% Utah Sec. (is, Sept. 15, ’22.... 91% 92 Waltham YVatch Cs. Aug., ’21.. 86 89 YVest. El. 7s, Apr.. ’25 100% 104 Westinghouse 7s, May, ’31.... 101% 102"% NEYV YORK HIDES. NEW YORK. Sept. 10.—Hides were fn better demand in trade on tlie market here yesterday, with native steer hides selling at 13%: per pound and branded steer hides at 13c. WHOLESALE BEEF PRICES. The following are today's wholesale market prices for beef cuts as sold on the Indianapolis markets; Ribs—No. 2. 23c; No. 3,18 c. Loins— No. 2. 20c; No. 3,15 c. Rounds—No. 2, 20c: No. 3.16 c. Chitcke —No. 2,10 c; No. 3, Bc. Plate3 No. 2,8 c; No. 3,7 c,

cent of normal, from which a production 0f51,387,000 bushels is indicated. Last year's* crop was estimated at 2,025,000 bushels. POTATO CROP I LITTLE IMPROVED. V.. “The condition of buckwheat in Indiana. Sept. 1, was 80 per cent of normal, which is 1 point oi’er last month’s report. From this figure a yield of 149.000 bushels is indicated, compared with 200,000 bushels harvested last year. "The condition of white potatoes shows but little improvement over last month, being 37 per cent of normal on Sept. 1. This would indicate a crop of 3,324,000 bushels, compared with 7,680,000 bushels ha.vested last year. “Indiana's sweet potatoe crop shows a considerable improvement over last month and a production of 304,000 bushels is now' indicated, compared with 3(30,000 bushels harvested last year. “Tobacco shows a splendid improvement over last month and indicates a crop of 10,577,000 pounds on a condition figure. Sept. 1, of 72 per cent of normal compared, with 18,000,000 pound3 liarvvested Inst year. “The average of tame hay this year was probably the lowest ever harvested in the State, being I.OS tons jier acre, which indicates a crop of only 2,262,000 tons, compared with 2,844,000 tons harvested last year. YY'ißl hay had an average yield of 1.07 tons per acre and a crop of 26,000 tons, is indicatcttTTompared with 30,000 tons harvested last year. MANY HOGS REPORTED 7 j ' ON FARMS. ' HUE*-”-?-“The number of hogs <m Indiana farms for fattening is only slightly less than the number a year ago, being 3,226,000, compared with 3.292,000 last year. “The condilion of apples Sept. 1 was only 18 per cent of normal, indicating a total crop for the State of 1,571.000 bushels. Last year the crop amounted to 6.097,000 bushels. Peaches show only 5 per cent of a normal production, and pears 14 per cent. “The cloverseed acreages and condition are far below normal in the State and a crop of only 81.000 bushels is indicated by the Sept. 1 condition, which is hardly enough to re-seed the farms of the State. "Ail truck crops show some improvement over last mouth and melons made almost a full crop. “The fly free dates for seeding winter wheat in Indiana begins Sept. 22 on the northern 1 order, progressing southward at the rate of about sixteen miles a day until the southern border is reached about Oct. 8. Every farmer should familiarize himself with the date for his locality and do his sowing accordingly, ns one field put in ahead of time may infect the entire neighborhood/’

Local Stock Exchange

■s' —Sept. 10— STOCKS. v- Bid. Ask. Ind. Ry. & Light com 60 Ind. Ry. & Light pfd 70 Indpls. & N. YV. pfd ... Indpls. & S. E pfd Indpls. St. Ry 34 41 Belt R. R. com „ 52% 62% T H . I. & E. corn 5 T. H.. LAB. pf<l 15 U. T. of Ind. coin 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advanco-Rtimely com 10% Advance-Rurnley .pfd Am. Central Life 235 Am. Creoaoting pfd 90 Belt R. It. com 62 62 Belt R. R. pfd 42% 40 Century Bldg. Cos. pfd 90 Citizens G-is Cos 20 25 Dodge Mfg. Cos. pfd ST% ... Home Brewing 52 Iml. Hotel com 55 ..1 Ind. Hotel pfd 93 Ind. Nat. Life Ins. Cos *. 3% 5 Did. Title Guaranty Cos 59 69 Ind. Pipe Lines 72 78 Indpls. Abattoir pfd 40 50 Indpls. (>ns 40 50 Indpls. Tel. Cos. com 2 Indpls. Tel.- Cos. pfd. 90 Mer. Pub. Util, pfd 40 Nat'l Motor Car Cos 2% 7% Pub. Sav. Ins. Cos 4 Ranh Fertilizer pld 40 Standard Oil cf Indiana .... 69 Sterling Fire Ins. Cos 5 8 Y’an Camp Hd.v. pfd 0) 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalla Coal Cos. com 5 Vandalia Coal Cos. pfd 7% YY'abash Ry. com 6 ... BONDS. Broad Ripple 5s 50 Citizens St. Ry. 5s 04% 72 Ind. Coke & Gas 6s 96 Indian Creek Coal & Mine 100 Indpls. C. k South 5s 88 Indpls. A Martins; lie 55.... 43% ... Indpls A Northern 5s 38 44 indpls A N. YV. 5s 46% Indpls. A S. E. 55... 45 Indpls. S. A S. E. 6s 70 Indpls St. Ry. is 51 61 Indpls T. AT. 5s 67% 75 Indpls Gas Cos. 5s 71 78 T. H., 1. A E. 5s 44 IT. T. of Ind. 5s 47 54 Citizens Gas Cos. 5s 73 79 Kokomo. M. A \Y r . 5s 74 ... Did Hotel Cos. 2d 6s '93 liuipls. Light k Heat 5s 73% 80 Indpls. YVater 4%s 66 75 indpls Water 3s 87 92 Mch. 11. A L. 5s So 91 New Tel. Ist tis 91 New Tel. L. D. 55... 93% .. Sou. Did. Power 5s 93

In the Cotton Market

NEYV YORK, Sept. 10.—Buying nut* heavy in the near positions at the opening of the cotton market here this morning first prices being 22 to 65 points net big her. The rains in Texas were a factor in Urn advance. Trade interests were purchasers from longs, xvlio took profits. Foreign buying continued. At the end of tile first twenty minutes the market continued strong and prices showed net gains of 17 to 53 points. New York opening cotton: Ortober. 10.75 o; December, 20.35 c: January. 20.)0c; March, s2oc; May, ID.Doc; July, 10.60. The demand became more genernt in tlie late morning and the market turned strong, forcing October up to a ret advance of 190 points. Profit taking near the close caused a reaction of from 25 to 00 points. The final tone xvas steady at net gains of 25 to 120 points. IN DIANA POI.IS PRODUCE. Butter—Local dealers are paying 30® 40c per lb for butter delivered in Indianapolis Eggs—Loss off, 28@300. Butter—Parking stock, 17®18c. Poultry—F'owls, 18® 22c; springers, 20@24c ; cockH, 10®12e; old hen turkeys, 25c; pld torn turke.Vß, 20® 25c: culi thin turkeys not wanted; ducks, 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. Iluttcrfat Local dealers are paying 37c per pound for butterfut Uelix-ered in Indinnnpolis. 4 LEY ELAN D PRODUCE. CLEY’HL.YND, rtept. 10.—Buter—Extra, tubs. 45@4554e; prints, 4(5®47e; extra 1 firsts, 44®44%c; firsts. 48®46%e; seconds, 30®36%c; packing stock. 20c. Eggs—F’resh gathered northern extras. 40c; extra firsts, 39e: Ohio firsts, nexv cases, 35c; old cases. U4c; YVestern firsts, new cases, 33r. Poultry—Live fowls, heavy, 26®27c; light fowls, 19@20c; roosters. 15c: broilers. 22®f,\ ; live spring ducks, 20@25c. l’otatccs■V’fersey, $1 a sack. T ✓

GRAIN SUFFERS SHARP SLUMP Depressing Financial News From Europe, Chief Factor. CHICAGO, Sept. 10. —Free selling and depressing financial nows from Europe I caused a slump iu prices of most grains at the close of the Chicago Board of Trade’s short session today. Free selling was brought about by news of the Canadian embargo. Provisions were irregular. September wheat opened at $1.33, unchanged, and closed off 3c. December wheat opened unchanged at $1.35%, and closed 2%c higher. Slay wheat opened unchanged at $1.41% and closed off 3%c. September corn opened at 55%c, off %c, and closed l%c lower. December corn opened lip %c at 56%e, and closed off l%c. May corn opened up %e at 60%e and closed off 4e. September oats opened at 38 c, up %c, and closed off lc. DeCemlier oats opened up %c, anil closed off l%c. May oats opened at 40%c. up %c and closed off l%c. (By Thomson A McKinnon.) —Sept. 9 YY'hent —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 selling in the early market, but local experts say that the Government estimate of yield is arIriived at by the use of figures and not derived from the thrashing returns. However, whatever the actual yieid may he it is a fact that offerings of choice wheat from spring wheat sections are by no means burdensome. It Is. also, a fact that there 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 iu excellent position for the reason that export interests absorb all offerings. Y\*e can anticipate considerably higher prices within a short time. Coarse Grains—The crop report on corn was accepted as bearish, but there has been no important selling- except some hedging against purchases from the country. The strength in wheat and a good demand for current receipts have offset U e influence of the report. Friends of 1 its 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 maifcet Induced moderate selling of hog products. \ There was some Investment demand for January lard, but no support for the nearby deliveries, except at a good decline. CHICAGO T. RAIN TABLE. —Sept. 10— YVHEAT— Open. High. Low. Close. Sept 1.32 1.34 1.39 1.30 Dec.... 1.35% 1.37% 132 1.32% May.... 1.41% 1.42% 1.37% 1.38 CORN— Sept 55% .55% .54% .51% Dec .56 .56% .54% .55 May 60% .60% 259-% .53% OATS - Sept 68 .38% .37% .37 % Dec 41% .11% .4fd 3 .40% Mav Hi .46% .45 .45 PORK - •Sept... IS.CO LARD—•Sept 11.10 Oct D I l '. 1117 11ft'. 11.17 Jan 9.85 9.87 9.75 9.75 RIBS - Sept 8.10 Oel 8 25 8.„9 8.20 8.20 Jan..... B.CO 8.69 8.37 8.37 •Normal. . CHICAGO (ASH GRAIN. CHICAGO, Sept. 10. Wheat No. 2 red. *1321 1 ; N'i. 3 red. $1.32%; No. 2 hard winter, sl.32%<fi 1.84*4; No. 3 mixed, $1252%. Corn—N<> 2 mixed. 53%(Jf56e: No. 2 white. s(M'iso%. ; No. 2 yellow, 56@ 56%c: No. 6 mixed and No. 6 xvliite. 51c; No. 6v el low, 31 54c. Oat—No. 2 white. 39%41c: No. 3 white, 37%fti3S%e; No. 4 white, 340.36 c. TOLEDO GRAIN TRICES. TOLEDO, Sept. 9.—Wheat —Cash and September, $1.33; December, $142; May, $1.51. Corn—Cash, 61(;t62c. Oats—Cash, old. 40'<i 47c; nw. 42ft£13c. Rye—Cash, $1.07. Barley—Cash, 70e.

PRIMARY MARKETS. (By Thomson & McKiuuon.) —Sept. 9 —Receipts— Wheat Corn Oats Chicago 206.000 642.000 229.000 Milwaukee .. 36.000 113.010 tw.ooo Minneapolis .. 703.000 44.000 143.000 Duluth 464.0(81 41.000 71,000 St Louis 277.000 66.000 102.000 Toledo 22,000 15.000 6,000 Detroit 5,000 13.000 Kansas City.. 412.0H1 5.000 10.000 Peoria 1,000 90.000 59.000 Omaha 222,00)1 50,0)10 42.000 Indianapolis.. 3.000 34,000 26,090 Totals 2,351,000 1,119.00 ft 763.000 Years ag0..1,576,000 608,000 1,110,000 —Shipments— YY'hcat Corn Oats Chicago 180,000 1,121,000 402,000 Milwaukee ... 3.000 1.000 31,000 Minneapolis .. 232.000 9 000 98.000 Duluth 330.000 ..../. St. Louis 126.000 18.000 29.000 Toledo 3,000 1,000 4.000 Detroit 3.000 Kansas City.. 4()0.0)>0 JS.dOO 24.000 Peoria 8.000 S.OOO 49.000 Omaha 114.000 57.000 16.000 Indianapolis.. 5,000 6,0(8) 20,000 Totals 1.449.00 1,239.000 763.000 Year ago ..1.003.060 262,000 027,000 —Clearance— Domestic YY'. New York 166,000 Totals 166,000 Year ago 1,102

INDIANAPOLIS CASH GRAIN. —Sept. 10 Bids for car lots of grain and hay at (lie call of the Indianapolis Board of Trade were: YVheat—No sales. \ Corn—Steady: No. 2 white, 06®50%e; No. 3 -white, 55@55%e; No. 2 yellow, 56% 61 57 c; No. 3 yellow, 55%®56c: No. 2 mixed. 55® 56c; No. 3 mixed. 54ftt55c. Oats —Steady: No. 2 white. 41@11%e: No. 3 white, 38®39c; No. 4 xvhite, 34®’ 35e. Hay—Slow: No. 1 timothy, $17.50(1; 18; No. 2 timothy. $17®>17.50: No. 1 light clover mixed, $10.50® 17; No. 1 clover, slo® 17.50. ■ —TnspecTvons— YVheat—No. 2 red. 1 car; No. 3 red. 2 ears; No. 4 red. 1 car: No. 5 red, 1 car; No. 2 dark hard, 1 car; sample, 1 ear; total, 7 ears. Corn—No. 1 xvhtie. 1 car: No. 2 white. 8 caps; No. 3 white. I oar; No. I yellow, 1$ cars: No. 2 yellow, 11 ears; No. 1 mixed, 1 car; No. 2 mixed. 2 cars; No. 3 mixed. 2 cars; total, 31 cars. Oats—No. 2 white. 4 cars; No. 3 white. 18 cars; No. 4 white. 2 cars: sample white. 2 cars; No. 2 mixed, 2 cars; total. 26 cars. Hay—No. 1 clover mixed. 2 ears; No. 1 clox-er hay, 1 car; total, 3 cars. BOARD OF TRADE STATEMENT. The weekly statement of the Indianapolis Board of ratio showing the output of flour by local mills, inspections for the week and stock in store. foHoxvs: COMPARATIVE STATEMENT.. Output of flour—■ Bbls. Sept. 10. 1921 .'j 7.167 Sept. 3, 1921 0.043 Sept. tl. 1920 6,511 Sept. 13. 191!) 19,419 —Bushels— Tnspeclions for xx-eek YVheat 52.000 23.000 Corn ."07.0(H) 48,000 Oats 250.000 166,000 Rye 8,000 I,O'JJ Hay—7 cars. STOCK IN BTORE. YY’hcat. Corn. Oa'ts. Eve. Sept 10 ,1921.503,690 324.521 520.200 %2.'’o Sept. 11. 1920.132.4 K) 189.200 509.740 500 Sept. 13, 1919.527,700 214.720 260,930 3J.590 YVAGON YVHEAT PRICES. Indianapolis flour mills and elevators today 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.

Weather

The following table shbws the state of the weather in other cities at 7 a. m., as observed by United States Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind. 29.97 70 Clear Atlanta, Ga 30.04 70 Cloudy Amarillo, Tex. ... 29.76 64 Clear Bismarck, N. D. .. 29.78 42 Cloudy Boston, Mass. ... 30.94 68 Clear Chicago, ill 29.88 66 Rain Cincinnati, Ohio . 29.9$ 68 Clear Cleveland. Ohio .. 29.96 68 PtCldy Denver, Colo 29.80 48 Clear Dodge Citv, Kas. . 29.72 62 Clear Helena, Mont 30.38 32 Cloudy Jacksonville, Fla. . 29.96 76 Clear Kansas City, Mo.. 29.84 72 Rain Louisville, Ky. ... 30.00 72 Clear Lijtle Rock, Ark. . 29.96 76 Cloudy I,os Angels. Cal... 29.88 62 Cloudy Mobile, Ala 30.02 76 Clear New Orleans, La, . SO.OO 78 PtCldy Norfolk. Ya 30.08 72 Cloudy Oklahoma City ... 29.80 72 Cloudy Omaha, Neb 29.76 62 PtCldy Philadelphia, Pa. . 30.06 72 Cloudy Pittsburgh. Pa. ... 30.00 W Cloudy Portland. Ore 39.02 54 Clear Rapid City. S. D.. 29.98 42 Clenr Roseiiurg, Ore. ... 29.98 44 Clear San Antonio. Texas 29.82 78 Cloudy San Francisco, Cal. 29.86 56 Cloudy St. Louis Mo. ... 29.94 72 Cloudy St. Paul, Minn. .. 29.70 64 Cloudy Tampa, Fla 29.94 78 Clear Washington, D. C.. 30.06 72 Cloudy YV EAT HER CONDITIONS. Precipitation Ml during tile past twenty-four hours over the Missouri, Mississippi and Ohio valleys, and at points in Texas, Florida, and the Northwestern Canadian Provinces. It was heavy at places In lowa and the Dakotas. Snow was falling this morning in northern Montana and Saskatchewan. Much cooler weather is reported over the northern portions of t-lie Plateau, Rocky Mountain and Plains States. Freezing temperatures are reported as far south us northern YVyoming. Temperatures continue mild cast of the Mississippi River and in the southwest. CORN AND YVIIEAT BULLETIN. For the twenty-four hour* ending at 7 am., 90th meridian time, Saturday, Sept. 10. 1921:

Highest rt yesterday. | Lowest last night. ’ V I Precipitation, I inches and : hundredths. j General condition of highways.

Stations of Indianapolis District

South Bend 84 60 0 ’Good Angola 87 I 63 0 Good F’t. YY’nyne 84 ; 68 0 i YV heat field 84 64 0.53 j Good Royal Center i 82 j 62 0 Good Marion 90 j 65 0 j Good Lafayette ! 79 ; 67 0 Good Farmland !86 64 0.15 I Good Indianapolis jBl 67 j 0 Good Cambridge City..! 86 60 I 0 i Good Terre Haute !78 68 I 0 j Good Bloomington .... 82 63 0 I Good Columbus 1 83 68 j 0 i Rough Y'incennes i .84 59 I 0 I Good Paoli 182 68 ! 0 Good Evansville jB6 72 ! 0 | T. G. SHIPMAN, Temporarily in Charge. SWINE VALUES HOLD FIRM Light Receipts in Cattle— Cahes Steady. RANGE OF IIOG PRICES. Coed Good Good Spt. Mixed. Heavy. Light. ?. *9.25 $8.25@ 8.50 *0.50 3. 9.50 8.50(5) 575 9.75 . 9.00 8.250 8.50 9.25 7. 8.75 8 000 8.25 9.00 8. 8.75 8.000 8.25 9.00 9. 900 8.250 8.75 9.25 10. 9.00 8/50® 8.75 9.25 YVith 5.000 fresh receipts and a fair demand by shippers, swine prices held steady in trade on the local live stock exchange today. Light swine sold at $9.25. mixed and mediums at $9 and heavies at $8.25@ 8.75. Pigs brought S7.so(fitß. and roughs $6(07 The bulk of the sales ranged at [email protected]. There were only 200 fresh rattle on the market and spe u’ators were about the only active traders. Prices wert; steady. Veal calves were steady to strong, with a good active demand and only 200 calves on the market. The of the good anil choice veals sold at $13(514.50. while there were a fair number of sales at the top of sls. Prices of sheep and lambs were steady and receipts approximately 300. A few choice lambs sold at $5.23, the top. HOGS. r '< t. Best light hogs, 100 to 200 _ ” lbs average $ 925 Over 300 lbs B.oo<® 8.25 200 to 300 lbs 8.50® 9.00 Sows 6.00(jv 7.00 Stags 4.009*5.00 Best pigs/under 140 lbs 7.5UQ 8.00 Top -f 9 25 Bulk of sales 5.75@ 923 CATTLE. rrime cornfed steers, 1.300 to 1,800 Ills 7.75@ 5.50 Good to choice steers, 1,200 to 1,300 lba 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@ 6.30 Common to medium steers 800 to 1,000 lbs 5.50@ 6.00 —Heifers ffnd Cows— Good to choice heifers 7.73® S.OO Medium heifers 6.00® 7.00 Common to good heifers .... 5.00® 6.00 Good ta choice cows 3.75® 5.00 Fair to medium cows 2.00® 3.00 Cutters 1.75@ 2.73 Canuers 75® 2.00 —Bulls— Good to choice butcher hulls 4 75® 5.50 Bologna hulls 4.005; 4.50 Light bologna bulls 3.25® 4.00 Light to cominou bulls .... 3.00® 3.23 —Calve*— Choice veals 13.50®13.00 Good veals 13.00® 13.50 Medium veals 10.005;T1.00 j Lightweight veals 6.005; 7.00 Common heavyweight veals.. 5.00® 6.00 —Stockers and F’eeders— Good to choice steers, under 800 lbs 5.00® 6.00 Medium cows 2.00® 3.00 Good cows 3.00® 4.1X1 Good heifers 5.50® 7.00 Medium to good heifers 4.00® 5.U0 SHEEP AND LAMBS. Ewes 2.00® 3.50 Bucks 1.50® 2.50 | Choice ewes and wether lambs 7.00® 5.25 Seconds 6.00® 7.00 Buck lambs 6.o*® 6.50 Cull lambs 2.00® 4.00

Other Livestock

CINCINNATI, Sept. 10—Hogs—Receipts. 2,000; market 25c loxx-er: heavies, SB®D; mixed and mediums. $9.25: lights, $9; roughs, $6.25; stags, $5- Cattle—Receipts, 200; market steady; bulls steady; calves. $13.5D®14. Sheep and lambs— Receipts, 200; market steady; exyes, sl®

FARM LOANS Reasonable Rates Limited Amount-You Should Apply at Once THOS. C. DAY & CO. Iruat Building.

Money to loan on Mortgages STATE LIFE lISIMIEE 00*

SPECULATION GETS IMPULSE FOR THE BETTER Debtors at Banks Find Conditions Improved With Credit Higher. ISSUE CAUTION WARNING By C. B. EVANS. * Special to Indiana Daily Times and Philadelphia Public Ledger. CHICAGO, Sept. 10.—The new Impuls.* that expectancy rnd speculation have received even though it may not continue at its present intensity, is a godsend to the millions of debtors at the banks, many of whom have long been In precarious position. It has increased the value of the collateral at the banks and has saved many a nan from a call for more security on his lean or a partial payment thereof. Plenty of these people have hated to sej a banker on the street or to go near the institutions which are carrying him aljng. So far as world business is concerned it is yet too early to say whether the new structure la made of granite or putty, blit it has p.n elegance that pleases us ail. Certain it is that before we au sure cf a stable condition of affairs theft wall be many a fluctuation and day when the man of mercurial tempera* ment will be discouraged. But sorrow continueth for a night and a modified form of joy comoth some months later. CAUTION D ARNING IS SENT OUT. “Caution is the word now,** said a keen man of affairs today. Ypu in your Joyous mood may call him an old grouch if you want to. He will enjoy it. But he stands where lie can see the Inside of the mill and knows all about the workings of the machinery while the rest of us have to peer through a window filmed xvith dirt, or perhaps we are trying to look through brick walls. Some of us wear glasses of preconceived notions that magnify eight into eighty, or are possessed of an economic theory that 63ta a big effect running after a small cause. One bomb dropped from the heavens, or a dozen, will not wreck all the fortifications of the adversary or asphyxiate his wiles. YY'e need io get into a position where we can clap our hands, not our cars.

The present uplift is speculative. That fact does not condemn it by any means, for speculation is an essential part of trade. Moreover, it is based largely on yje buying of strong people for good and sufficient reasons. One would be captious not to admit that there was reason for the rise in cotton though it may have gone too far and though it: may go half way back to the minimum! price of this year. Also there appears to be good ground for the rise in grain and for the expectation of still higher prices for wheat. The world's supply of that commodity is comparatively small and the world needs greater than ever, COTTON MILL MEN HESITATE. > In regard to all sorts of commodities the people learned, slowly to be sure, after the armistice, to pay extremely high prices. They got that idea strongly into their heads and it has not weakened in the least. One- sees, accordingly, a check in the fabric market due to the high price of the raw material. The manufacturers are little xvilling to sell at recent figures knowing that they cannot replace their cotton at prices recently prevailing. They hesitate to put up prices because the market has been for many months a delicate and sensitive creature and will not stand anything approaching rough treatment. In that other great market. Iron and steel, the companies are feeling out their customers, but they do noffind much to encourage them. There is just a little turn for the better. It is now, a question of a rally of buyers: the rally of mere spirit will relieve, no shelves of accumulated goods. The great majority of the people are not yet moving. A few of us are praneing along the street with a brass band In the lead. Then the Government. That antity is out xvith a tender of $600,000,000 treasury certificates, which means another loan to pay maturing debts. As ti rule the banks and other corporations and many private individuals are glad to get thesa issues, but they do not mean a reduction of the debt, such for example as the country achieved after the civil war, and then the great refunding scheme that must come two years hence is looming big before the larger financiers of the country. The turns that business has taken recently are a matter for satisfaction, but we are liable to be over-stimulated by scattered events nt moderate significance, and the caution prescribed by the financier just referred to ts worthy of attention. Pay off some of those debts.— Copyright, ' 21, by Tublic Ledger Company.

3.50: bucks, [email protected]: choice lambs, $10; seconds. $0.30: culls, s3®4. PITTSBURGH. Sept. 10—Ilogs—Receipts, 1.500; market. 15®50 cents higher; prime heavies, $9.25; medium's. $10.25® 10.35; heavy vorkers, $10.25®10.35; light yorkers, $9.50fd10; pigs, $9.20®9.50; roughs, $5.50® 0.50; stags, $4.50® >; heavy mixed. $9.50®9.75. Cattle —Receipts, 300; market, steady. Calves—Receipts. low: market, steady: cull to choice. $0.50®4.50. Sheep and lambs— Receipts. 250: market, steady; choice lambs. slo® 10.5 ft. EAST BUFFALO. Sept 10—Hogs—Receipts. 2.4(H); market, slow: yorkers. $9.50 ®9.75; pigs, $9; mixed. $9.50® 9.75; heavies. $9.50; roughs, $6®0.50: stags, s4®s. Cattle Receipts. 225; market slow, shipping steers, s9® 10.25; butcher grades, $7.50® 9; heifers. [email protected]: coxvs, $1.50®6; Dulls. $4 50(o5.50; feeders. $4.50®5.25. Calves —Receipts, 175: market active: culls to choice. ss® 15.25. Sheep anil lambs—Receipts. 1.000. market active; choice lambs. [email protected]: culls to fair, $6.50®10; yearlings. s6®7: sheep, sl®s. EAST ST. LOUIS, cpt. 50.—Hogs—Receipts. 1.000; market 10c higher; mixed and butchers $9.10(09.50; good heavies. $8 Ss® 9.25: roughs. SC.fti 7 : lights. $9.30® 9.50: pigs. $8.25#)9.25: bulk of sales. $9.25 ® 9.40. Cattle—Receipts, 350; market; steady, native beef steers, s'<(f?9; year-/ ling steers and heifers. $5.25®9; cows/ [email protected]: stoekers and feeders. sl® 5.75; calves. so#) 11.30; canners and cutters. $1.50® 3. Sheep and lambs—Receipts, none; market nominal.

TOLEDO SEED GRAIN. TOLEDO. Sept. 10.—Clox-erseed—Cash and October, $11.90: December and March, $12.05; February, $12.15. Alsike— Cash and October. $10.75: December. $10.80; March, $ll.OO. Timothy—l92o cash. $2.55: 1921 cash, September and October. $2.70: December. $2.75; January, S2.SO; F'ebruary, $2.85; March, $2.90.

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