Indianapolis Times, Volume 34, Number 107, Indianapolis, Marion County, 14 September 1921 — Page 10

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BROKERS LOOK ASKANCE WHEN STOCKS GO UP Activities of Certain Issues Ascribed to Operations of Speculators. INDUSTRIALS ACTIVE Special^- to Indiana Dally Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Sept. 14.—Stocks resumed their upward movement Tuesday, but the tone of market comment, as well as the expressed views In professional circles Indicates that the display of strength Is viewed with skepticism. Much of the activity in some of the favored speculative issues Is ascribed to work prices upon unsuspecting buyers. After the “distribution'' has been consummated, according to the wiseacres, the market will collapse and the activity will fade away. This Is a perfectly natural view to be assumed by those who confuse the dynamics of a market movement with its physical mechanism. Incidentally. It registers the pessimism that Is the index of a sold out market and it also ignores the evident improvement that is becoming more pronounced on all sides. The autumn prosperity of agriculture, the undoubted revival in the textile industry, the Improvement in the eteel outlook and theexpanding building activities are the real factors in the situation. Others are bound to make their appearance and the array of constructive elements more than furnishes a complete offset to the financial wreckage of the past and the spectacle of the declining German marks. Thus far the public, financial rabble that crowds the customers' rooms In the commission houses, is not in the market. It may not make its appearance for another six months. Discriminating buyers. however, ar emaking their selections end purchases and they do not seem to be terrified by the prospect of the Sept. 15 tax date. Operations covered a broad range, although tho turnover was not particularly large. Industrials displayed the greatest relative activity until late in the afternoon when the rails responded to the dividend declaration on Great Northern preferred.—Copyright, 1921, by Rubles Ledger Company. BY MONITOR WALL STREET GOSSIP. Announcement that Kuhn. I.oeb & Cos. had bought more ihan 53.700.000 worth equipment trust notes from the Government was received with mixed feelings In the Street. The obligations they selected were those of the Atchison. Chicago, Burlington & Quincy, Central of New Jersey, Norfolk &. Western, and Southern Pacific, all having credit of the highest. Bankers have said there would be little difficulty In disposing of this paper of the very strong companies, but doubted If nearly $400,000,000 of this paper, as has been proposed, could be distributed to the public under the terms required by law. • • * Considerable buying came into American Woolen at the close of last week on the report later confirmed that the American Woolen Company had purchased large supplies of German, CzeehoKlovaklan and Austrian wools. President Wood said yesterday that the American Woolen Products Company, which had been Incorporated to handle the export business of the American Woolen Com pauy, had been expected to market this material. President Dane of the Prodpets Company reports that there is no export demand In Europe and the company again may become active In working up the raw material with the cheap iabor of Europe, thereby enabling It to meet the severe competition of South America and other countries. • * * There was a number of dividend declarations aside from that of Great Northern, In which traders were particularly interested. The quarterly dividend of 1% per cent was authorized by directors of Western Union. Tne Island Creek Coal Company declared the regular dividend of $2 per share on the common and $1.50 on the preferred, the same payments which were authorized j three months ago. The Pond Creek Coal Company declared I dividend es $7% cents per ahare, the same as three months ago. Directors of the Atchison declared the quarterly dividend of 1% ! per cent on the common stock of that company. The Chicago Pneumatic Tool Company, which was one of the stocks lit which Ailan Ryan was interested, declared the quarterly dividend of 1 per cent and the American Brake Shoe and Foundry Company declared a dividend of $1 a share on the new common stock and 1% per cent on the new preferred •took.

The steet storks were strong, although failing in most instances to equal their recent highs. There were reports from the Chicago district of gome'iinprovement in operations, hut the figures given did not strike the Street as very impressive. The unexpectedly large decrease in United States Steel orders last week with the knowledge that a Tory large percentage of the business on the books is unspecified has caused tradfrs to go slow about buying this stock and to confine their attention to more active steel shares. •—Copyright, 1921. by Public hedger Com pany. A large quantity of Sinclair Oil was traded in within a narrow range, the ■ •buying being attributed to a report that the company now has ten tankers in operation as compared with six three weeks ago. This was taken to indicate an Improvement in the oil situation. In the Cotton Market NEW YORK. Sept. 14.—Trading on the cotton marker was confused at the opening today. First prices were 8 points higher to 32 points lower. Liverpool sold the distant positions, which showed relative evenness. Offerings by New Orleans and the South coupled with scattered liquidation. furnished the bulk of the selling. Good sir.ed orders came in from points In the Eastern belt. Irregularity continued after the start, but the general trend of values was upward and by the end of the first fifteen minutes prices she wed net gains of about 24 to 50 points. New York cotton opening: Setpember 19.80 c: October. 19.50 c; December, 20..Vk*; January, 19.85 c; March. 19.62 c; May. 19.53 c: July, 19.10 c; August. 18 60c. There were wide fluctuations In the afternoon. The close was easy to net decline of S points to a net advance of 20 points. —Cotton Futures— Open. High. Low. Close. January 19.85 20 23 19 70 in SR March 19.62 20.15 19.35 19.75 May 19.70 20.00 19 45 19.53 Julv 19.10 19.50 19 08 19.20 October 19.95 20.25 19.70 19 90 December 20 00 20.50 19.87 20.10 LIVERPOOL, Sept. 14.—Spot, cotton was active in trade on the market here today. Prices were firm and sales approximated 13.000 bales. American middlings fsir. 16.16d; good middlings, 14 55d; full middling*, 13 86d; middlings. 13.41d; low middlings. 12 616. good ordinary, U.5Cd; ordinary, lO.Sld. Futures opened steady. CLEVELAND PRODUCE. CLEVELAND, Sept. 14—Butter-Ex tra In tubs, 47@47%e; prints, 48©48%c; extra firsts, 46©46%c; firsts, 45©45%c; seconds, 38@3%c; packing stock, 21c. Eggs—Fresh gathered northern extras. 40c: extra firsts, 39c; Ohio firsts, new cases, 35c;*old cases, 34c; western firsts, ew cases, 33e. Poultry, lire heavy Sewli. 27c: light fowls. 19®20e; roosters, broiler, 23224*; lire ducks, 20©25c.

Bourse Is Closed BERLIN, Sept. 14—Violent flnetuaI j (ions In security prices, due to the I 1 unprecedented depreciation of the 1 , German mark abroad, caused the di- | rectors of the Bourse to close it today. ' It will reopen tome-row. K J ' ' —— —-- I N. Y. Stock Exchange —Sept. 14— Prev. High. Low. Close, close. ; Allied Chemical 41 4040% 39% i Ajax Rubber... 28 19% 22 19 i Allis Chalmers.. 84% 33% .31% 33% Am. Agricul 30% 36 36 35% i Am. Beet Sugar 30vi 28% 29% 29 Am. B. Mag. Cos. 35% 33 33% iAm Car & Fdy.131% 130 130% 130% Am. Cotton Oil. 20% 20 20 20 Am. HAL pfd. 53% 53 53% 53% Am. Can 28% 28 28 28 Am. In. Corp... 34 31 Vi 32% 31% Am. Linseed,... 22 20% 22 20 Am. Loco 92% 91% 92% 91% Am. Sm. & Ref. 37% 37 37 37 Am. Sugar Ref. 63 T s 6t% 63% 02% Am. S. Tob. Cos. 44 42% 42% 43 Am. Steel Fdy.. 25% 24% 2.5 25 Am. Tel. & Tel .107% 107% 107% 107% Am. Tobacco.. .126% 120% 120% 126% Am. Woolen 78% 77 77 77% Am. Zinc & Ld. 8% 8% 8% 8% Ana. Min. C 0... 38% 38% 38% 38% Atchison 86% 85% 86 86 Atl. Gulf & W.I. 30% 28% 29 27% Baldwin L0c0... 91% 88% 89% 89 B. & 0 40 38% 39 39% Beth. Steel (B). 57% 56% 57% 56 Calif or. Pete.... S 38% 38% 38 V. Can. Pac. Ry. Jll 11344 113% 113% Cent. Leather... 30 29 % 29% 29% Chandler Mot... 48% 47% 47% 48 C. & 0 57% 56% 30% 56% C. M. A St. I’.. 27 20% 26% 2% C M & St.P.pfd. 40% 40% 40% 40% Chi. A N. W... 67% 67% 67% (6 C., R. I. A P... 35 34 34 % 34% C.R.1.&P.0%pfd.. 66 66 66 Chill Copper.... 11% 11 11% 11 Chino Copper.. 24% 24% 24% 24% Cocoa Cola .... 36 35% 35% 35% C. Fuel A I. ..25 25 25 25% Columbia Gas . 57% 50% 56% 56% Columbia Graph 5% 4% 4% 5V* Consolidate G. . 88% 87% 87% 88 C. Oil 27% 26% 26Vj 26% Corn Prod. ... 75 74% 74% >4% Crucible Steel . 65% 63% 63% 63% C. Am. Sugar . 14% 13 14% 13% C. C. Sugar .. 8% 8% 8% 8% D A Hudson .101% 101% 101% Fndicott 66% 63% 6’% C3% Erie 14 13% 13% 14 Erie Ist pfd. . 20% 21* 20 20% Famous P 60 58 59 58 Fisk Rub. Cos.. 10% 10% 10% 10 Gen. Asphalt 54% 51% 51% 53 Gen. Cigars".... 59% 59% 59% 60% Gen. Electric 127% 126% 126% 126% Gen. Motors 10% 10 10 10 Goodrich ....... 34 32 32 32% Gt. North, pfd.. 78 77% 77% 77% Gt. North. Ore.. 29 28 % 28% 28% Gulf State Steel 42% 39% 42 38% Houston 01L... 55 53% 54 53 Illinois Cent.... 95% 95% 95% Inspiration Cop. 34 34 34 34 Interboro Corp. 2% 2% 2% 2% Invincible 0i1... 9% 9 9 9% Int. Harvester.. 82 80 81% 79% hit. Nickel ... 13% 13% 13% 15% Inter Paper ... 53% 51 52 49% Isl. Oil A Trans. 2% 2% 2% 2% K. C. South.... 27% 26% 26% 26% Kelly-Spring. .. 44% 43% 43% 43 Kennecott Cop.. 20% 20 20% 20 Laekwana Steel. 43 42% 42% 42% Lehigh Valley.. 53% 53% 53% 53% Lee Tire 27% 26% 27% 25% Loews. Inc 14 14 1* 13% L. A N 100% 109% 109% Marine com It 10% I<*% Marine pfd 47% 46% 46% 45 Murrlanu 0i1... 18% 18 is% 16% Mont Ward ... 20% 19% 19% 19 Mexican Pete... 119% 116% 116% 117% Mid. Sts 0i1... 12% 12 12', 12 Midvale Steel... 20% 25 25 % 25 Mo. Pacific 20% 20% 20% 2U% Mo. Par. pfd... 41'i 30% 39% 40 Nat. En. A Stp. 37% 37 37 % 36% National Lead.. 70% 76% 76% 76% Nev. Con. Cop.. 11% 11% 11 % 11 N. Y. Air Brake 58 58 58 58 N. Y Central.. 73 72% 72% 73 New Haven .. 15% 15% 15% 15% North. Pac 79% 78% 75% 78% Ok. P. A U. Cos. 2 2 2 2 Pac. Oil 36'., 36% 36% 36% Pan-Amer. Pet. 54% 52% 52% 53% Penna Ry 38% 38% 38% 38% People's Gas... 55 52 % 52% 64% Pierce-Arrow... 13% 12% 13% 13 Perre Marquette ?0% 20% 29% 19% Pittsburgh Coal 59 58 % 58% 57% Pressed S. Cor 60% 59% 59% 59% Pullman Pal C. 93% 03% 9.'!% 93% Rv S. Springs. 87 85 87 84 Pure Oil 25% 25 25 24% Reading 73 71% 71% 72% Rep. I & Steel 51% 52% 53% 53% Replogle Steel 25% 2-3 25% .... Roy. I>. of X. Y. 51 % 49% 50% 49 Sears Roebuck. 71% 69 70% 69 Sinclair 21 20% 20% 20% Slokb Sh’fld SI 39% 38% .39% 38 Sou. Pac 78% 77% 77% 78% Sou. Ry 21% 20% 21 2t% ST L&S WRy 25% 25% 25% 25% snn<lerd Oil NJ 139% 139% 139% 139% STL ASF com. .. 24% 24% 24% 24% titrotuberg Carb 33% 33% 33% 33 O, .... 78% 77 77 77% Tenn. Copper... 8% 8% 8% s% Texas Cos 37% 36% 36% 37% Tex. A Pae 24% 24% 24% 24% Tobacco Prod.. 71% 70% 7<)% 72 Tranacont. Oil.. 8% 8% 8% ,8% l'nion Oil 18% 18% 18% 18% l'nion Pac 121% 120% 120% 121 I'nit. R. Stores. 57 56 56 56 I'. S. Food Corp. 17% 16% 17 17% T'nlted Fruit Cos. 111% 108% 111 ]f>9 Fnited Drug ... 56 50% 54% .V* T\ S. Indl Alco. 48% 46% 47% 46% 17, S. Rubber... 50% 49% 50% 49% V. 8. steel 79% 78% 78% 78% F. S. Steel pfd. .101*% 109% 109% 109'% Ctah Copper 51 50 50% 50% Vanadium Steel. 34% 3K% 337, B';% Vir.-Car. Chem. 30 29% SO 29 Wabash 7% 7% 7% Wabash Ist pfd. 21% 21% 21% 21 White Oil 9 8% BV, 8% West. Electric.. 44% 44% 44% 43% White Motors.,.. 34 33% 34 33% W-Overland 6% 6% 6% 6 Wilson A C 0.... 35% 3*5% 35% .... Worth. Pump... 41 41 41 40% W. Maryland... 10 10 10 ]t> W. Pacific 24 23% 23% 23'%

NEW YORK LIBERTY BONDS. —Sept. 14Prey. High. Low. Close, close Liberty 3%s 87.40 87.30 87.40 87 36 Liberty Ist 4s 87.90 Liberty 2d 4s 88.06 Liberty Ist 4%5. 87.20 87.10 88.18 88.04 Liberty 2d 4%5.. 88.38 88.16 88.26 88.12 Liberty Sd 4%5. 92.50 92.16 92.42 62.18 Liberty 4th 4%5. 88.48 88.30 88.44 88.20 Victory 3%s 99.08 99 04 99.06 69 04 Victory 4%s 66 08 99.02 99.04 96 04 CniCAGO STOCKS. (By Thomson & McKinnon.) —Srpt. 14Open. High. Low. Close. Armour nfd 92 Carbide & Carbon. 44% 45% 44% 44% Libby 7% 8 7% 8 Mont.-Nard 19% 20 19% 19% National Leather.. 6% 6% 6% 0% •Reo Motors 18% Sears-Roebuck 70 71 63% 71 ' Stewart-Waruer .. 26 26% 23% 26% Swift ACo 96 96 95% 95% Swift International 23% •Ex-dividend 25c. i | Local Curb Market (By Newton Todd.) —Sept. 14 American Hnmony com. Brazil Sterling 4% 37% 3gii Burdick Tire and Rubber... 1% 2% Capital Film Cos % Choate Oil Corp 1 ji; Columbian Fire Ins. C 0...... 6 7% Comet Auto 0% Dayton Rubber Units 61 70 Duesenberg Motor Units 60 70 Duesenberg Motor com 9 1512 Elgin Motor Car 3% 3a; Federal Fin. Cos., pfd 72 82* Fed. Flu. Cos. com 125 135 Gt. Sou. Prod. & Ref. Units. 5% 7 Haynes Motor hom 118 Hurst & Cos., pfd 45 65 Hurst * Cos., corn..,, 1 2% Indiana National Bank 253 265 Indiana Rural Credits 47 65 Indianapolis Securities pfd.. 1% 3% Majestic 6'ire 11% 18 Metro. 5-30 e Stores com 12 16% Metro. 5-OOc Stores pfd 30 35 Revere Motors % % Rub-Tex Units 17 22 State Savings and Trust Cos. 88 63 Stevens-Duryea Units 54 65 Stevenson Gear Units 5 6 U. K, Automotive Uplt* 88 65 C. Mtg. Cos.. Unas 160 172

STOCKS HAVE IRREGULAR CLOSE Late Selling Movement Wipes Out Early Gains. NEW YORK. Sept. 14.—The stock market ciosed irregular today. _ The advance continued until just before the close, when a sudden selling movement wiped out the grains in a number us issues. Few stocks, however, held a good part of their early advance. Baldwin Locomotive, after selling up to 91%. reacted to 89%. Steel common fell to 78%. Mexican Petroleum broke over 2 points to 117. Pan-American Petroleum was off 1% points from the top to 52%. Studebaker receded 1% points to 77. Three railroad shares also reacted, lteadlug dropping 1% points to 7J%. Northern Pacific fell 1 point from the top to 78%. Total sales of stocks were 853,200 shares; bonds, $15,091,000. (By Thomson A McKinnon.) —Sept. 14. There was a little irregularity in today's trading, with several alternate periods of strength and weakness. On the bulges, some stocks were for sale and on the recessions there was a good supply of buying orders, which gave the market a splendid tone and resulted in the establishment of some new hlgn quotations. There is etlii considerable opposition to the market, both in professional circles as well as among the public, but those entertaining the Idea that this is a technical rally overlook the fact that we are gening trora many sources reports of improved business. The leading trade journal reporting on conditions in the steel and iron Industry, confirms the fact that July marked the low point and that there has been steady improvement in this industry since then and what is true in this line is true iu many of the other lines. This is but the beginning. We have a long period before us, during which progress will be made and, even though *t lie slow at time, it is nevertheless certain and the stock market is more performing its usual function of leading the way. We have had so much bad news for a year, that many can hardly realize that the present change Is a real one, but all will realize it in time but possibly too late to get the full benefit or the rise iu values of securities. It is time to be optimistic and this is the time to buy stocks. CLEARING HOUSE STATEMENT. NEW YORK, Sept. 14.—Federal Uoserve Bank credit, $50,000,000: exchanges, $553,700,000; balances. $58,700,000. TWENTY STOCKS AVERAGE. NEW YORK, Sept. 14.—Twenty industrial stocks Tuesday averaged i0.72, up 1.04 per cent. Twenty active rails averaged 74.30, up 1.02 per cent. Money and Exchange Indiaaapolis Dank clearings Wednesday were $2,924,000, against $2,749,000 for Wednesday of last week. NEW YORK. Sept. 14.—The foreign exchange market displayed a strong tone at the opening today. Demand sterling was unchanged ar $3,711*5. Francs yielded 12 centimes to 7.09 c for cables anti 7.08 c Tor checks. Belgian cables were 7.03 c; checks, 7.02; marks were .0092. Lire cables were 4.28 c: checks, 4.27 c. Guilder cables were 31.55 c; checks, 31.53 c. Sweden Kronen cables were 21.55 c; checks, 21.50 c; pestaa cables, 13.(15c; checks, 13.03 c. NEW YORK CALL MONEY. NEW YORK. Sept. 14—Money—Call money ruled 5 per cent; high 5 per cent; low, 5 per cent Time rates all 5%®0 per cent. Mercantile paper steady. Sterling exchange was weak, with bust ness Iu bankers' bills at $3.09% for do maud. MOTOR SECURITIES. (By Thomson A McKinnon.) —Sept. 14 - Opening - Bid. Ask. Packard com 6% 6% Packard pM 69% 60% Peerless 40% 41% Grant Motors 1% 2% National Motors 2 5 Paige Motors 13% 14%

ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Sept. 14. — —Opening— Bid Ask Anglo American Oil 15 15% Atlantic Refining LoboS 12% 13 Borne Scrymser 345 300 Buekeve Pipe Line SI >2 Chesebrougb Mfg. tons 145 155 Continental Oil, Colo 108 ill Cosden Oil and Gas 5 6 Crescent Pipe Line 24 26 Cumberland Pipe Line 115 120 Elk Basin l’eie 5% ,-y. Eureka Pipe Line 77 Galena-Signal Oil, pref 83 86 Galena-Signal Oil, corn 34 ;pj Illinois Pipe Line 150 1,53 Indiana Pipe Line 73 70 Merritt Oil 7 Midwest Oil 2 2% Midwest rfg 135 ltu National Transit 24 25 New York Transit 115 ]su Northern Pipe Line 85 HS Ohio Oil 225 229 Oklahoma P. A R 3% 4 Penn.-Mex 20 Prairie Oil and Gas 420 425 Prairie Pipe Liue 180 185 Sapulpa rfg. 33% Solar Refining 310 3011 Southern Pipe Line 72 73 South Penn Oil 168 173 Southwest Penn I ipe Lines .. 52 55 Standard Oil Cos., of Did. ... 71 % 71% Standard Oil Cos., of Kan ..735 739 Standard Oil Cos., of Kv 380 390 Standard Oil Cos., of Neb 145 150 Standard Oil Cos., of N. Y. . 320 325 Standard Oil Cos., of Oh'o .. 300 370 Swan A Finch 30 35 Union Tank Line 80 90 Vacuum Oil 240 245 Washington Oil 23 28 NEW YORK CURB. (By Thomson & McKinnon ) —Sept. 14— Closing— Bid. Ask. Curtis Aero com 1 Curtis Aero pfd 15 Imp. Oil ~. 8 9 First National Copper 50 60 Goldfield Con 5 7 Hk vana Tobacco 1 1% Havana Tobacco pfd 4 6 Martin Perry 1 1% Jumbo Extension 3 5 International Petroleum.... 10% 10% Nlplsstng 4% 4% Stnndard Motors 3 5 Salt Creek 10 lovi Tonopuh Extension 1 7 16 1 9 16 Tonopah Mining iu ifu, United I’. S. new 1 5 16 1% U. S. Light and Heat 1% 1% U. S. Light and Heat pfd... 1% 1% Jerome 19 20 New Cornelia 13% 14% United Verde 23 % 24% Sequoyah 5 7 Omar Oil 90 jt.t Acme Pkg 1% 1% NEW YORK RAW SUGAR. NEW YORK, Sept. 14.—-Trade in raw sugar was again unsettled on the market here today. Prices were steady to weak. Cuba* selling at 4.61 c per pound, duty paid, and Porto Ricos at 4.25 c per pound", delivered. NEW YORK REFINED SUGAR. NEW YORK, Sept. 14.—Refined sugar prices were steady in trade 011 the ex change here today, fine granulated being quoted at 5. GO (ft 5.65 c per pound ami No. 1 soft at the same figure. NEW YORK COFFEE. NEW YORK, Sept. 14.—Coffee values were stendy in trade on the exchange here today, opening options being 3 points lower to 1 point higher. Bio No. 7 on spot sold at i%> per pound. NEW YORK RICE. NEW YORK, Sept. 14.—Trade in rice was a live on the exchange here today and prices were firm. Domestic rice sold at 3Vi®"%c per pound. NEW YORK WOOL. NEW YORK, Sept. 14.—W00l values wers unchanged In trad* on the market here today, price* of the past week being maintained.

INDIANA DAILY TIMES, WEDNESDAY, SEPTEMBER 14, 1921.

New York Bondi (By Fletcher American Cos.) FOREIGN GOVERNMENT BONDS. —Sept. 14— Bid. Ask. Arg. (Unlisted) ss, Sept. 1, '45 64% 65% Belgian 6s, Jan. 1, '25 95'% 95% Belgian 7‘/-.s, June 1, '45....1037s 103% Be gian Bs, Feb. 1, '4l 101% 102% ‘Belgian Rest ss, Opt., '34.. 66 69 I Berne Ss, Nov. 1, '45 101 Vi 101 Vi Chile Ss, Feb. 1, '4l 98 99% ; Chinese (11. R.) ss, June, 'sl 48 49 ! Christiania-Ss, Oct. 1, '45. . . .100'% 192% i Copenhagen 5%5, duly 1, 44 89% 80% Danish Mun. Bs, Feb. 1, '46..102 1 02% Denmark Bs, Oct. 15, '45 102 102'% ‘Canadian 5%5, Dec. 1, '22.. 87% 89%'1 •Canadian 5%a, Nov. 1, 23.. 86% 88% ‘Canadian o%s, Nov. 1, '24.. 85% 86% I‘Canadian ss, Dec. 1, '25.... 84 % 85% I Canadian 3s, Apr. 1, '2O 94 94% ‘Canadian 5%5, Dec. 1, '27.. 87% 88% Canadian 5%5, Aug. 1, '29.... 94 94% | Canadian ss, Apri. 1, '3l 90 90% , •Canadian ss. Oct. 1. '3l 82% 83% •Canadian 5%5, Nov. 1, '33.. 86% 88% •Canadian 5%8, Nov. 1, '34.. 84 85% Canadian ss, Mch. 1, '37. .. 86 87% •Canadian 5%5, Dec. 1, '37.. 87 % 89% •French (Viet.) ss, Opt., ’31.. 59% 61 •French 4s, Opt., '43 ... 46 47 •French (Prem.) ss, issue '2O 69 % 70% [•French 6s, Opt., '3l 70% 71% French Ss. Spt. 15, '45 :.100% 101% | ‘ltalian (T.) ss, Apr. 1, '25 41% 43% •Italian (War) 5s 32 33% Jap (First) 4%5, Feb. 15, '25 86% 80% Jap (2nd) 4 l ,iiS, July 10. '25 86% 89% ! Jap 4s, Jaq. 1, '3l 72 72% | Norway Bs, Oct. 1, '4O 104 104% I Paris 6s, Oct. 15, ’2l 99% 100 Russian o%s. June 18, ’l9 13% 17% | Russian 5%5, Dec. 1, ’21.... 13% 17Va j •Russian 5%5, Feb. 14, '20.. 4 6 I Kao Paulo Bs, Jan. 1, '36 ... 98% 98% ! Swedish 6s. .June 15. 39.... 89% 90 Swiss s'*s. Aug. 1, '29 90 % 91 Swiss Ss, July 1, '4O 102 107% F. K. 5%5. NS'v. 1, '2l 99% 99% U. K. 5%5, Nov. 1, '22 98% 98% r. K. 5%5, Aug. 1, '2O 96 86'/* r. K. 5%5, Feh. 1, '37 89 89% •I'. K. (VY. I*.) ss, Oct. 1, '22 380 384 *C. K. (W. I. ) ss, Feb. 1, 29 360 373 ! Zurich Ss, Oct. 15, '45 101% 102 Brazil 8s 99% 100% Freuch 7%s 96% 96% •internal Loans. CORPORATION BONDS. Bid. Ask. Alum Cos. of Am. 7s, Nov., '25. 97% 98% ; Am. Cot. Oil 6s, Sept. 2, '24. 90 90% Am. Tei. 6s. Oct., '22 99% 99% ! Am. Tel. 6s. Feb., '24 98 98% j Ain. Thread Os. Dec.. '2B 97 97% Am. Tob. 7s, Nov., '22 100% 101% ; Am. Tob. 7s, Nov., '23 100% 101% ! Anaconda sis, Jnn., '29 89 % 89% i Anaconda 7s, Jan. '29 91 s * 95% • Anglo-Atn. Oil 7%5. April, '25.100 101% Armour 7s, Julv 15, '3O 98% 98% ' Atlantic Ref. 6%5. March. '31.102 102% Bel) Tel. of Can 7s. April, '25. 98 99 | Beth. Steel 7s, July 15,,'22.. 99% 100% , Beth. Steel 7s. July 15, '23 ... 98% 99% Can. Fa'lfic 6s, March ' '24.. 97% 98% Cent. Arg. Rv. 6s, Feh., 7... 84 85 C„ R 1 & P 6s, Feb., '22... 99Vi 1*9% con Gas Bs, Dec.. '2l. 100% 100% Copper Exp. Bs, Feb, 15, '22.100% 101% Copper Exp. Bs. Feb, 15, '23.100 100% Copper Exp. 8, Feh. 15, '24.100% 101 % Copper Exp. Ss, Feb. 13, '25.11*1 % 101% Cudahy 7s. Julv 15, '23 99 100% Fed. Sugar 6s. Nov , "24 95 96% Good rich 7s, 4 pril. "25 90 91% Gu!f 011 6s, Julv, '23 97 fs% Gulf Oil 7s Feb.. '33 99% 99% Hocking Val. Os, March, 24 91% 94% Humble < *ll 7s. March 15, '23. 97 98% int. R, T. 7s. September, "21.. 75% 76% > K. C. Term. os. Nov. 15. '23... 98% 98% : Kcnn. Copper 7s. Feb . '3l* 93 93% Laclede Gas 7s. Jan., '29 90 % 91% j Liggett A Myers os. Dec., '2l. .100 101% Phlla. Cos. 6s Feb.. ”22 100% IUD% ; Proctor A- G 7s. March. '22. . .100% 100% Proctor J G. 7s, March. “23...101 101%' Pub. Ser. N .1, 7s. March, '22 . 90% IH% R .! Reynolds 6s. Aug . '22 99% 100% Sears-Roebuck 7s, Oct. 15 '2l. 99% I*Bl% Sears Roebuck 7s, Oct. 13, '22. 98% 99%, ?i ars R< ebnek 7s. Oct. 15. '23. 97 08% Sinclair 7'-s. May 15, *25... 91 91%1 Solvay A Cie Ba, Oct., '27 .. 99% 109% 1 S’riithern Rv. 6s. March, '22... 98% 98% j SW. Hell Tel Ts. April, '25. 97 (*7%' Stand Oil (Cali 7s. Jan.. 31.103% 104% i StandtHKN Y.) 7s,Jan.. '25 31.102 I*s St. P. I. D. 5%5, Dec. 15, '23. 97% 98%; Swift 7s. Ocf. 15, '25 98 99% i Texas Cos. 7s. March 1, "23. 99% I**o%; Ith Sec. 6s. Sept. 15, '22 . 92% 92% Waltham Watch 6s. Aug . '24. 86 89 ! West. Electric 7s, April. '25...100 101% Weatingboiiso 7s, May. *3l. ...01% 102%

Local Stock Exchange —Sept 14— STOCKS. Bid. Atk. Ind Rv. A Light com 60 Ind. Ry. A Light pfd 70 ... ludpls. A S. K pfd ... Indpls. 8 E pfd ... Indpls. St. Rv 84 41 T II T. A L. pfd T II . I A F.. cm 5 T. 11.. 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 Ktunely <■olll 12% ... Advance Kumely pfd 36 .... Am. Central Life ... Am Creosotlng pfd 90% 100 Beit K. K. coin 52% 62 Belt R 11. pfd 42% 49 Century Bldg. Cos. pfd 90 ... Citizens Gas Cos 20 25 Dodge Mfg. Cos. pfd ... Home Brewing 62 Ind. Hotel com 65 ... Did Hotel pfd 93 Ind. Nat. Life Ins. Cos 8% ... Ind. Title Guaranty Cos 69 Ind. Pipe Linos 72 ... Indpls. Abattoir pfd 40 60 Indpls. (las 40 50 Indpls. Tel. Cos. com ... tnpdls. Tel Cos. pfd ... Mer. Pub. Util, pfd 40 ... Nat'l Motor Car Cos 2% 7 Pub. Sav. Ins. Cos 4 ... Ranh Fertilizer pfd 40 Standard Oil of Indiana ... 70 ... Sterling Fire Ins. Cos g Van Camp Hdw. pfd 90 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalln Coal Cos. com 5 Vnndalia Coal Cos. pfd 7% Wabash Ry. com <5 Wabash Ry. pfd 20 ... BONDS. Broad Ripple 5s 50 ... Citizens St. Ry. 5s 04% ... Ind. Coke A Gas 6s 93 Indian Creek Coal A Mine 100 Indpls. C. A South 3s 88 Indpls. & Martinsville 55.... 45 ... Indpls. A Northern 5s 38% 44% Indjls. & N. W 5s 47% ... Indpls. A S. E. 55... 45 Indpls. H. A S. E. 5s 70 Indpls. St. Ry. 4s r>9 Indpls. T. A T. r.s 67 73 Indtils Gas Cos. 5s 71 77 T. H., I. A E. 5s 44 U. T. of Ind. 6 47 54 Citizens Gas Cos. 5s 73 79 Indpls. Gas 5s 71 “7 Kokomo, M. A YV. 5s 74 ... Did. Hotel Cos. 2d (Is 93 ludpls. Light A Heat 55.... 73% 76 Indpls. Water 4%s 66 75 Indpls YY'ater 5s 87 92 Meh. H. AL. 5s 85% 94 New Tel. Ist Cs 94 New Tel. L. D. 5s 93% ... Sou. Ind. Power 5s 94% LIBERTY BONDS. Liberty first 3%s 87.10 .... Liberty First 4%s 88.08 Liberty Second 4%s 88 08 88.34 Liberty Third )%s 92.18 .... Liberty. Fourth 4%* 88.24 88.36 Victory 3%s 98.90 .... Victory 4%s 98 92 CHICAGO PRODUCE. CHICAGO, Sept. 14.—Butter —Receipts, 5,544 tubs; creamery extra, 42%c; firsts, 38%<§!41c; packing stock, 23©t24c. Eggs —Receipts, 7,339 cases; current receipts, 28%©'29%c; ordinary firsts, 25@27c; firsts. 30©32c; checks, 1 B©-20c; dirties, 18©2lc. Cheese-twins (new), 19@19%c; daisies, 19%©20c; young Americas, 20© 2<i%c; longhorns. 20@20%c; bric-k, 19© 20c. Live poultry—Turkeys, 85c; chickens, 22c; springs. 23%c; roosters, 17c; geese, 20c; ducks, 23c. NEW YORK lIIDFB. NEW YORK, Sept. 14—Trade in hides vas fair today and prices were firm, native steer hides selling at I3c and branded steer hides at 13c per pound. NEW YORK TURPENTINE. NEW YORK. Sept. 14.—Turpeutln* was sgaiu strong today, selling at 71c per gallon.

GRAIN PRICES SUFFER SLUMP Corn, Oats and Provisions Are Irregular. CHICAGO. Sent. 14.—Wheat prices slumped on the Chicago Board of Trade today following reports of very favorable crop conditions in the Argentine, brought about by heavy rains, which were badly needed. The breaking in the foreign exchange market was a contributing factor. Other grains were irregular, as were prolvsions. September wheat opened at $1.30. up j l%c, and closed oft 2c. December wheat ' opened lip l%c at $1.32%, and closed 2%c 1 lower. May wheat opened up l%c at i $1.3,8. and closed 2c lower. | September corn opened at 54%e, up j %<', and closed unchanged. December ! corn opened at 54%e, up %o, and closed I off Vic. May corn opened up %c at 59%e, 1 and closed unchanged, j September oats opened at 37c, off %c, , and closed %o higher. December oats i opened at 40%e, up %c, and closed off %c. May oats opened up %c at 44>c and j closed off Vc. (By Thomson At McKinnon) —Sept. 14— Wheat —Evidence of smaller receipts of wheat iu the Northwest gave the early market strength. The trend of I values was changed thereafter on cable ! advices of rains in Argentine and ace I sation of new export business. There is enough demand from exporters against | previous sales to keep prices strong. In j fact, premiums for Gulf shipments were j about 1 cent higher and even on that basis offerings are limited. The demand from abroad is restricted by further weakness in foreign exchange. Flour trade aud milling demand are both iu evidence In Western and Northwestern terminal markets. In the face of record breaking movements to market, we have not built up any heavy accumulatoins and there seems little likelihood of anything of the sort occurring in the near future. Slowing down of export, trade may prevent any immediate advance in values, but we feel that the domestic demand alone will provide for suih movements as comes from the country producer. Coarse Grains—The recent free movement of corn to market has undoubtedly cut into the reserve In first hands. Further than this, feeling on the farm has been of very liberal volume. At the present time, the best m..rket for corn is in the shape of hogs. Wo may therefore expect heavy feeding throughout the fall and winter. Husking returns are j expected to reveal a smaller actual yield | than the various estimates which have ; been made. This market is gaining | friends. j Provisions—The very liberal movej ment of hogs dominates the entire pro- ! vision list. There is not expected to be j any letup In the movement of bogs for * the reason that the surplus of old corn 1 is so large that feeding continues over the period where the farmer ordinarily waits for the new crop to mature before feeding.

CHICAGO GRAIN TABLE. —Sept. 14 WHEAT— Open. High. Low. Close. Sept.... 1.30% 131 1.28 128 Dec 1.33% 134% 1.3d 1.31 May 1.38 1.39 1.35% 1.35% CORN - Sept 64% .54% .54% .54% I *e“ 5)% .55% .51 1 j .54% M;t V 58% .00 .59% .59% !OATS—i Sept 37 .37% .36% .37% I Dec 4<*% .40% .39% .4'* Mil v 44% .45', .44 .44% I’ORK •Sept . 17.75 LARD—i Sept 19.1*2 10.92 10 75 10.75 I Oct 11 (**> 11.00 10.77 10.82 Jan 9.65 9.79 9.00 9 65 RIBS— Sept 7 70 7 70 7.60 7.oft j Oct 7.9d 790 7.72 772 Jan .. 8.25 6.25 6 15 6.15 •Nominal. CHICAGO CASH GRAIN. i CHICAGO, Sent 14 Wheat No 2 red, sl3l, No. 3 red. $129% 130; No. 2 hard winter. $1 21*411 30% ; No. 3 hard winter. $1.26% 1.29%. Corn -No. 2 mixed. 55%® I 50c: So. 2 wbFe, 33 %® 56c; No. 2 yellow. 55%*&30c ; No. 3 mixed, 55%e; No. 3 w hlte. 55% %55%c; No 3 yellow. 55%c. oats t No. 2 white, 39%'1i1c; No 3 white, 36% !38’4c; No. 4 white, 35®36%c. TOLEDO GRAIN PRICES. TOLEDO, Sept. 14. Wheat— Cash $1.31%; September, $1.31%: December, $138; May. $147. torn—Cash 37®.®*-. jtiale < ssh. 41® 42c. Rye—Cash, 41.04 Barley—Cash, 65c.

PRIMARY MARKET. (By Thomson A McKinnon.) —Sept 14— RECEIPTS—YY'hest. Corn. Oats Obion go 241,<80 1.238,030 4:55.00 Milwaukee ... 03.000 143.000 38,001 Minneapolis . 673.000 SLOW 98.00 Duiuth firt. 5.0*1 34.00 33.001 St. Louis .. 174,'SM #l.O 0 67.00 Detroit ..... LOCO fi.'W 690,1 Kansas City . 4)0.114) ll.'RXi 34.091 Peoria 10,00 55,0 it 6 .Oil> Omaha 168.060 52.000 54,000 Inulunnpolls • >s,o>io 22.0J0 ltt.ool Totals 2.369,000 1,690,00 1 841,000 Year ago .1,735,000 797,009 1,313pAK) SHIPMENTS—YYhe.it. Corn Oats Chicago 31.000 20UXK1 437.0 HI Milwaukee ... 85.000 680.0 *> 12.0*1 Minneapolis . 257.000 28,(kk) 103.000 Duluth 711.08) St l/ouls .. 257,090 29,000 141.is> Toledo 1.000 ...... 4,000 Kansas City . 315.090 8/09 2.009 Peoria 8.000 24.C00 36.000 Omni r 194.00 r 25.000 80.001 Indianapolis . 3.000 11,000 40,000 Totals 1.862,(00 JV.41.000 803.000 Year ago .1.480.000 205,000 656,009 —CLEARANCES— Domestic YY'lu-ui Philadelphia . 149,000 Baltimore ... 112,000 New Orleans . 932,009 Galvestou ... 41.0(4) Totals 1.234.000 Y~ear ago .1.105,000 INDIANAPOLIS CASH GRAIN. —Sept. 14— Bids for car lots of grain and hay at Die call of the ludlanapolta Board of T rade were: YY’heni Firm; No. 2 red. $1.3601.38. Corn—Steady ; No. 2 white, 56©56'.j0; No. 3 white. 55©*6c; No. 2 yellow. 55% ©s6c; No. 3 yellow, 54%@55c; No. 2 mixed. 55© 56c; No. 3 mixed, 51©,55c. Oats—Firm: No. 3 while, s3l ©3B; No. 4 wlit'e. $30©36. Hay—Slow; No. 1 timothy, $17.50@15; No. 2 timothy $17©17.60; No 1 light . lover mixed, $16.50© 17; No. 1 clover, $10.50 <S 11.50. —lnspections YY'heat —No. 2 red, 1 car; No. 3 red. 4 ears; No. 5 red, 2 cars; sample, 1 car; tola!. 8 cars. Corn —No. 1 white, 2 cars; No. 2 white. 5 cars; No. 4 white. 1 car: No. 5 white, l car; No. 1 yellow, 5 cars: No. 2 yellow, 7 cars; No. 1 mixed, 2 ears; No. 2 mixed, 1 car; No. 3 mixed, 1 car; No. 5 mixed, 1 car; total. 26 oars. Oats—No. 1 white. 1 car; No. 3 white, 8 cars; No. 4 white, 1 car; sample whitu. 1 car; total, 11 cars. Hay—No. .2 timothy, 1 car; No. 2 clever mixed, 1 car; sample, 1 car; total, 3 curs. WAGON WHEAT 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 ut 30c for No. 3 white or better. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered. Hay—Loose timothy, old, $19®21; mixed hay, uew, $17®18; baled hay, old, $18©20; now. $17@19. Oats—Bushel, new, 30©35e. Corn —New, 60©62c per bushel TOLEDO SEED PRICES. TOLEDO, Sept. 14.—Cloverseed—CaRb, $11.93; October, $11.95 bid; December, $12.05 bid; February. $12.15 bid; March, $12.10 bid. Alsike—Cash, $10.50; October, $10.65: December, $10.70; March, SIO.BO. Timothy—l 929. <ash. $2.55: 1921, cosh. $2.70; September, $2.70; October, $2.70! December, $2.75; January, $2.80; February, *2.85; March, $2.90.

SWINE STEADY TO 10 CENTS LOWER Trade in Cattle More Active— Lamb Values Are Strong. RANGE OF HOG PRICES. Good Good Good j Sept. Mixed. Heavy. Light. I 7. $8.75 sß.oo® 8.25 $9 00 ; 8. 8.75 B.oo® 8.25 9.00 | 9. 9.00 8.25® 8.75 9.25 1.10. 9.00 8.50® 8.75 9.25 i 12. 8.75 8.25® 8.50 9.00® 9.10 | 13. 8.25 7.75® 8.00 8.50 I 14. 8.15® 8.25 7.75®, 8.00 8.40® 8.50 1 With close to 8,000 swine on the mar- ! ket and a fair demand displayed by local j packers as well as shippers with outside connections, hog prices ruled steady to 10 cents lower in trade on the local ; live stock exchange today. Light swine sold generally at $8.40, while shippers during the first hour of the market bought a few of that grade at $8.50, which was the top. Mixed and medium swine sold at [email protected] and heavies at $7.50(08. Pigs generally brought the price of the loads and I roughs sold at $5.50®6. I The bulk of sales for the day ranged j at $8.4: @8.50, with the bulk of the reI celpts light swine. A fair clearance for the day was anticipated. There was a little more activity In ! trade on the cattle market, with re- , ceipts rather light and packers and 1 other buyers more disposed to buy than they have been for the past few tlays. 1 The greatest activity was shown In trade ’in butcher grades, while common grades of cows and steers were in little demand. There were two loads of fairly good steers on the market and prices on these I looked strong to 25 cents higher, but 1 that was not the general trend of the market. i Receipts ran close to 500. Prices of calves were steady, with j trade fairly active aud only receipts about 600. „ j The top of sl4 of the day before was maintained. Sheep values were steady and lamb ! prices w'ere 25 to 50 cents higher, with ! close to 700 sheep and lambs on the ; market, and a good demand for lambs displayed. \ few choice sold at $9. while the ; prices of that grade ranged fforn $8 to : $9.

HOGS. ! Best light hogs. 100 to 200 lbs average $ ®4O Over 31*0 lbs 7.50® 8.00 200 to 300 lbs B.oo® 8.40 Sows 5-50® a,,.. Stags 4.00% 5 00 Best pigs under 140 ohs 6.011® 8.50 Top 8 50 Bulk of sales 8.40@ 8.50 CATTLE. Prime cornfed steers, 1,300 to 1.800 lbs 7.50@ 8.50 Good to choice steers, 1,200 to 1.300 lbs 7.00® 1.00 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® 6.50 Common to medium steers 600 to 1,000 lbs 5.50® 6.00 —Heifers and Cows — Good to choice heifers 7 75® 800 Medium heifers 6 00® 7.00 Common to good heiferg .... 6.00® 6.00 Good to choice cows 3.75® OOJ fair to medium cows 2.00® 3.00 Cutters l-75@ -•*'s Canuers 73® 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 12.00® 14.00 Good veals I.o**® 12.00 Medium veals 9 00® 10.00 Lightweight veals 0 00® 7.00 Common heavyweight veals.. 5.00® 6.00 —Stockers and Feeders — Good to choice steers, under Bt>o lbs 5.00® 600 Medium cows 2 00® 3.00 Good cows S.oO® 4.00 Good heifers 6 50® 7.00 Medium to good heifers 4 00® 5.00 SHEEP AND LAMBSEwes 2.00® 3.50 Bucks 160® 2.50 Choice ewes and wether lambs 8 00® ono Seconds 6 6t*® 7.50 Buck lambs 6.00® 7.00 Cull lambs 2.00® 4 50 Other Livestock CHICAGO. Sept. 14.—Hogs—Receipts. 15.188); market. 25®35c lower; bulk $6 40 'us.4o; tp. sß.ik*: heavyweight, $7.25® 8 25; medium weight, SS. 15®*.60; light weight. $8.15®8.50. light lights, $7.60® 8.25: heavy packing sows, smooth, $6.35 ®6SS; packing sows, rough, $4.10®6 5o; pigs, $7(07.73. Cattle —Receipts, 11,000; market, strong to higher; choice and prime, s9®lll.s<*: medium and good, $6 65 (a 9.25: good and choice. $5.35®10.75: common and medium. $5®5.25; butcher cattle, heifers. $4.25®9: cows. s4®6 50; canners nnd cutlers, cows and heifers, $2.25® 350 ; dinner steers, $2 75®3.50: veal calves (light and handy weight), s'. I <013.50; feeder steers. s3®7 25; stacker' sieers $4.9/6.75: Stocker cows ami heifers. s3®4 73 Sheep—Receipts. 22.000: market, iambs steady to higher, sheep firm; lambs, 84 lbs. down. sß.3o®lt*. 15; | culls and common, $5.50@8; yearling

TM E \ANDEI{B/LT motel NEW YORK THIRTY FOURTH STREET EAST AT PARK AVENUE

lUtEi'll listed

Weather The following tattle shows the state of the weather at 7a. m., Sept.l4 as observed by U. S. \S eather Bureaus; Station Bar. Temp. Weather Indianapolis, Ind. .30.1*8 <0 Cloudy Atlanta, Ga 30.14 78 Clear Amarillo, Tex 30.00 66 Clear Bismarck, N. D. .. 30.24 50 Cloudy Boston, Mass 30.14 58 Clear Chicago, 111 30.04 68 Clear Cincinnati, Ohio. .. 30.08 64 Cloudy Cleveland, Ohio 30.14 62 Cloudy Denver, Colo 29.98 52 Clear Dodge City, Kas. .. 29.94 70 Clear Helena, Mont 30.18 40 Cloudy Jacksonville, Fla. .. 30.06 74 Clear Kansas City. Mo. .. 30.02 68 Clear Louisville, Ky 80.10 70 Clear Little Rock. Ark. .. 30.08 74 Cloudy Los Angeles, Cal. .. 29.96 58 Cloudy Mobile, Ala 30.06 80 Clear New Orleans, La. .. 30.04 80 Clear New York, N. Y. .. 30.16 GO Clear Norfolk, Va 30.12 76 Clear Oklahoma City .... 30.02 72 Clear Omaha, Neb 30.00 70 Clear Philadelphia, Pa. .. 30.18 66 Clear Pittsburgh, Pa 30.12 62 PtCldy Portland, Ore 30.12 50 Clear Rapid City, S. I). .. 30.14 50 Kaiu Roseburg, Ore 30.10 38 Clear San Antonio, Tex. . 30.04 76 PtCldy San Francisco, Cal. 30.02 54 Clear St. Louis, Mo 30.06 72 Cloudy St. Paul, Minn 30.12 58 Cloudy Tampa. Fla 30.02 78 Clear Washington, D. C... 30.18 68 Clear WEATHER CONDITIONS. Showers occurred In the past 24 hours over the upper Mississippi Valley, the upper Lukes region, and the northern Plain* States. The remaining portions of country are generally fair. Temperatures below freezing are reported this morning in Saskatchewan, Alberta, western Montana and eastern Oregon. They continue below normal in the extreme northern Plateau States and the western Canadian Provinces, but are considerably above over the central portions of the country. They tell since yesterday morning over the Atlantic coast districts and the middle Rocky Mountain region, hut are higher in nearly all of the remaining portions of the country. CORN AND WHEAT BCLLETXN. For the twenty-four hours ending at 7 a. m., 90th meridian time, Wednesday, Sept. 14, 1921; ITemper- | j ! ature. \ - j 3 K ' “ Stations of ,/1 • 0 Indianapolis -e ’ _f >. District. ?c* *2? t *2? l|i?s|£|l{ ifjf B £1.3.5 08a Smith Bend.. I 72 ! fit 1 0.05 ! Good Angola j 76 60 | 0 Good Ft. Wayne I 7S | 60 0 ! Wheatfield 'BS 62 0.18 Muddy Royal Center.... 80 fiO 0.02 Good Marion 183 j fit j 0 Good Lafayette .84 67 0 i Good Farmland IB3j 57 ) 0 1 Good Indianapolis ....! 85 ;6S ; 0 j Good Cambridge City. 84 54 ) 0 Good Terre Haute ; ,86 70 i 0 1 Good Bloomington 88 62 0 Good Columbus 86 68 * 0 Fair Vincennes ’9O 66 ] 0 Good Paoll 85 04 0 Good Evansville SO 72 0 T. G. Temporarily in Charge.

wethers. $5®7.75; ewes. s3®s; culls and j common. $2®2.75; breeding ewes, $3.25® 0 50; feeder iambs, $5 75®7.00. CINCINNATI. Sept. 14.- Hogs—Re ceipts, 0,000; market, 50c lower generally: heavies. $7.25®8.25; mixed, mediums and lights, $8 50; jogs. $7; roughs. $5.75; stags. $4.50®4.75. Cattle—Receipts. 550; heavy sieers, dull; butcher stock, steady; ‘calves. sl4. Sheep and lambs—Receipts. 2.000; market steady; ewes. sl®4; bucks, 52®2.50: choice lambs, $10; seconds, s7® 7.50: culls, $3.50®5. EAST BIFF.VLO Sept. 14.—Hogs— Receipts. 1,6u0; market active; yorkers. $9.26®9.35; pigs. $9.25®9.35; mixed. $9 25 ®9.35; heavies. $9.25®9.35; roughs, $6; 1 stags. s4®s. Cattle Receipts, ha); market, steady. Calves—Receipts, 1*0; market, steady. Sheep and lambs—Receipts, 1,00: market, stronger: choice lambs, $10.25® 10.50; cull to fair. $7®8.73; yearling. ss®7; sheep, $4®4.50. PITTSBURGH, Sept. 14—Hogs—Receipt, 2,000; market. 25 to 40 cents low- , er: prime heavies, $5.50®5.75; mediums, $9 25®9.35; heavy yorkers, $9.25®9.35; light yorkers, $5.75®9; pigs. $8.25®8.50; roughs, $5 50®6; stags. $4®4.50; heavy mixed, $8 no®9. t’at tie—Receipts, 100; market, steady: calves, s6® 14.50. Sheep aud lambs—Receipts. si*; market, | steady; prime wethers, $4*35: good I mixed. s4® 4 So; fair mixed, $3.25®5,75; '<u!ls and commons, sl®2; choice lambs, $lO down. - EAST ST LOUIS, Sept. 14— Hogs—Receipts. 9.500; market, 25 cents lower; mixed and butchers, $5.25®8.50; good heavies. $7 75®8.50: roughs. [email protected]; llchts. $8.35® 8.50; pigs, $7.25®8.25; bulk of sales, $5.25®8.50. t'attle—Receipts 8.500; market, strong to 25 cents h'.ghei ; native beef steers, $9.50® 10.25; yearling steers and heifers, s9® 10; cows, ss®6; stockers and feeders, $4.25®5.50; caives $12®12.75: canners nnd cutters. [email protected]. Sheep and lambs—Receipts, 3.500; market. steady; mutton ewes. $4.25®4.50; lambs, $9®9.25; canners and choppers, $1.50® 2. WHOLESALE BEEF PRICES. The following are today’s wholesale prices for beef cuts as sold by Indianapolis markets: Rii s No. 2. 22c; No. 3.20 c. T ®ns - No. 2. I.V; No. 3,16 c. Rounds—No. 2. 17c-; No 3,14 e flunks No. 2,10 c; No. 3, Bc. Plates—No. 2. 80; No. 2,7 c.

INTERESTING people the 1 world over have found The "Vanderbilt" “an ideal Hotel. Overlooking, as it does, the distinguished Murray Hill residential section, The Vanderbilt Hotel, while quiet and restful, is convenient to fashionable shops, theatres, business centers, and railway terminals. Six hundred sunlighted rooms, each with a bath. The Vanderbilt Hotel is noted for its cuisine and its service. Its appointments are in good taste; its charges are reasonable; it makes its own appeal to the exacting traveler. TAMFF Singfe rcon% with bath, 54 per day and up Double room, with bath. $8 per day and up Double bedroom, boudoir dressing room and batV 513 per day and up Suite, parlor, bedroom and bath. 520 per day and up walton h marshall Manager

LANDIS RULING CAUSES DELAY IN BUILDING Business Affected by Refusaf of Unions to Accept His Decision. GERMANY IS BUYING Special to Indiana Daily Times and Philadelphia Public Ledger. By C. B. EVANS. CHICAGO, Sept. 14. —It is constantly borne In on the mind of the bystandei that one labor arbitration does not make a building boom, one spurt In some enterprise of moderate Importance a restored country or one reparation payment salvation to Europe. In this city the elaborate and laborious Investigation of tbe troubles in th building industry t*y Judge Landis and his decision of the luestions brought up to him is at the mint of failure through refusal of several cliques of workers to abide by the award. Judge Landis, therefore, has rescinded the provision in his plan for re bearlug of any parts of the case that might not appear Just, and today It is practically a matter of open shop, though some efforts are being made to patch up the disagreements. The carpenters among others demand the old wage of $1.25 per boui - . The exasperation aiaqong employers and investors In buildings V S, great and many plans for construction are held In abeyance. It is certain, among other things, that the $10,1)00,000 bank building will not be constructed unless there Is a radical change in the situation, perhaps meaning an absolute open shop, and no plan of “cost plus’’ will go. GOOD SIGNS IN OTHER LINES. Such is the aspect of the building industry. In other lines there are gool signs, but . the steel market still gits blinking in its corner. It is in agricultural lines mainly that recent gains have been made. Germany is still buying western products. The exports of lard to that country for the week ended Sept. 10, were more than 15,000.000 pounds. This Item accounts in some small degree for the extraordinary weakness in marks. Wheat goes forward at a rapid pace. Nor is the visible movement of merchandise tiie only sign of a continued liquidation. Country banks in the West largely have been released from the burden of excessive loans to people who cannot pay or who will pay when they get good and ready, and the effect is seen in the banks of Chicago. Never since the frozen credit evil became so pronounced many months ago, have the bankers of Chicago talked so cheerfully regarding the return of local affairs to more normal conditions. There is a lot to do yet. but It is doing itself rather satisfactorily. GOOD REPORTS FROM THE SOYTiI. Chicago also gets highly cheering reports from the South, where our banks have a large stake because of the monest. they have loaned on cotton these many y.-ars. The lift In the price of that commodity has made something very like anew South. A Mississippi banker reports that low grade cotton has jumped from 6 to 15 cents a pound and the long staple is saleable at 40 cents. In view of the extraordinary demand for "extra staples” in New Bedford and other Eastern manufacturing towns it would seem the Southern cotton grower has a good outlook, especially as recent reactions In the ordinary commercial grades have been small compared with the advance. Improvement !n moderate degree extends to several other articles in the commercial list There is an air of high expectation among persons interested In the petroleum industry as If something were gradually coming on that would mean greater things later. Nor Is labor by any means altogether intractable, although the situation in this city Is bad. Looking still farther many are asking in just what form will come the collapse of Germany, for that there will be a collapse they do not question.—Copyright. 1921. by Public Ledger Company.

DOVE BRAND HAMS fA TASTE YOU CANT FORGET-