Indianapolis Times, Volume 34, Number 112, Indianapolis, Marion County, 20 September 1921 — Page 10

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STOCKS BREAK IN LAST HOUR; TRADING MIXED Bullish Feeling Over U. S. Steel Subsides After Early Flurry. OUTSIDE BUYING SLOW Special to Indiana Daily Timas and Philadelphia Public Ledger. By MONITOR. NEW YORK, Sept. 20. —After an early period of mixed trading and confused sentiment stocks broke rather sharply in the last hour and the market closed feverish and unsettled. Owing to the prominence given the optimistic reports on the steel industry in the morniDg, quite a good deal of bullish feeling was worked up over United States Steel and it was freely predicted this standard market leader would cross 80. It did, but the price of 80% was not maintained very long and despite the fact that certain firms credited with acting for some leaders in the steel industry were reported to be buying the flurry of interest soon subsided. This largely was because the rest of the market did not appear to respond with enthusiasm. Offerings among the other industrials became more plentiful and the oils began to show pronounced weakness. Among the other speculative leaders, Baldwin Locomotive broke very sharply. American Sugar, American Woolen and Studebaker also were weak. There did not appear to be any special news influence. It was simply a case of the market’s failure to respond to the bullish overtures made last week with successive leaders such as Mexican Petroleum, Baldwin and, lastly, United States Steel. Nor is it a case of shaking out the “public.” There is practically no outside long Interest and It was chiefly the failure of outside buying to materialize that gave the bears courage to make another attack in the afternoon. —Copyright, 11121, By Public Ledger Compny.

WALL STREET GOSSIP BY MONITOR. United States Steel was the feature of th market ar Monday's opening, the first quotations showing an advance of J l4 points over Saturday's close. A large block of stock changed hands between T 9% to 80%, but the offerings were greater than the market could absorb aud a reaction of a point and a half occurred. It had been widely advertised before the opening that steel wa sto be given a sharp advance this week. The four iiuuavS u uicu have been most active In the market recently advocated the pur--docks, basing their arguments on the improved operations reporieu at var.ous plants last week. The commission house element looked askance at the activity In steel without corresponding strength elsewhere and instead of buying, offered stocks freely. The result was a decline extending to three or more points in a number of issues by early afternoon. The large producers of copper are main talning officially a 12%-cent quotation ou the metal, but such huynig as Is taking place is on the basis of 12% cents for this month and October deliveries. An Improved sentiment without any very tangible basis is reported among the selling agencies. Some of the wire mills have taken small lots of the prevailing rate, but the export inquiries are reported to have dropped off considerably. The mills of the Standard Tineplate Company which have been closed since will reopen this week on an openshop basis. An hourly wage of 35 cents will be established and it is reported approximately 2,500 men will return to work. Among the gold arrivals Monday were 1(19 cases of gold bars and coin for Clay Hazard & Cos., and sixty-eight boxes of bar gold for Kuhn. Loeb 5c Cos., on the Rerengaria, valued at 51.200,000. The Erance brought 100 cases of gold bars from Havre ussign and to various bankers here. Several vessels arrived from Carrlbean ports with gold coin which totaled $126,000.

A specialty which has not been in the limelight since 1916 attracted attention Monday by its sharp advance. This was Gulf States Steel, which In the war boom days, made a spectacular advance from tbe’lower fifties to 194 with no reaction of moment during the whole movement. A few days after making this high, it broke 30 points in a day and since then there have been relatively few transactions and those at considerable intervals, which carried, the price close to S3O. It sold at S4O Monday. Heavy selling came into General Electric in the afternoon on a report from Boston that Manager Rice, In charge of the Lynn plant, had announced that the present output is only 37 per cent of normal and new business since the first of the rear has been at the rate of only $1,500,0(50 monthly. Call money opened and renewed et 5 per cent, but nn ier a large volume of offerings, declined to 4% per cent, which rate was maintained throughout the day. The Street recognizes that the call money rate fluctuates too wildly to warrant the financing of any extended markets and while the existing low rate Is taken ss a hopeful Indication of permanent Improvement to come few houses are attempting anv large operations based upon tbe day to day rate.—Copyright, 1921, by Public Ledger Company.

Says Corn Crop Out of Danger of Frost

The corn crop of the State is practically out of danger of frost, according to the weekly crop report of George C Bryant. agricultural statistician, to the United States Department of Agricul**Earlr potatoes will hardly be worth the effort of digging, the report states, and through the late crop continues to show improvement, the crop will be poor. The weekly report, in full, follows: “Favorable progress was made during the past week in all outdoor farm activities until the last day or two of tha week, wlieil heavy rains occurred in some sections. “Corn cutting and Silo filling are near ing completion in some sections of the State. The main portion of the crop is now out of the way of frost. Some of the new crop is being fed. “But little wheat has been sown to date. Fly free dates commence on Sept. 22 on the northern border, when sowing will be general in that section and progress southward at the rate of about gixteen miles a day. “Rye seeding will conform very closely to wheat seeding dates. “Early potatoes are hardly worth dig ging in many localities. The late crop continues to show improvement, but will be poor. “Meadows and pastures are In splendid condition. Young clover is getting an excellent srart for the winter. Cloverseed hulling is nearly finished, with yields varying greatly. “Tobacco cutting is progressing very rapidly and will he completed within another week if weather conditions remain favorable. "Apples in the commercial districts are very scarce. The quality all over the State Is not up to the usual standard. “Farm labor supply exceeds the demand. "Late truck crops continue in good condition. Melons all gone. - ’ CHICAGO PRODUCE. CHICAGO, Sept. 20.—Butter—Receipts, 11.91.1 tubs; creamery, extras, 42c; firsts, 33%<8'40%e: packing stock. 23024 c. Eggs -•Receipts, 10.515 cases ; current receipts. 82034 %c: ordinary firsts. 30031 c; firsts. 35%037e: checks. 210231 c; dirties. 230 250. Cheese—Twins (newt. 19®19^c: daisies. 19%020c: young Americas. 200 20 ! 4c; longhorns, 20020%c: brick, 20%0 21c. Live poultry—Turkeys. 35c; chickens. 2lc; springs. 22c; roosters, 17c; geese, 20c; ducks. 25c. FLOCK AND MEAL., bake bakers' flour in 98-lb. cot-™-n bags $ 8.30 Cim meal In 100-lb. cotton bags.... 1.7f

N. T. Stock Exchange

—Sept. 20— Prev. High. Low. Close, close. 'Allied Chem... 42 41% 41% 42% Ajax Rubber.. 22% 22 22 % 21% I Ailis-Chalmers. 34 33% 34 33% ! Am. Agricul.... 34% 34% 34% 33 i Am. Beet Sugar 28 28 28 28 !A. Bosch M. Cos. 33% 33% 33% 33% j Am. Car & F. . .123% 125 125% 126% Am. Cotton Oil 19% 19% 19% 20 1 Am. H. &L. Cos. 10% 10% 10% 11 i Am. H. &L. pfd. 06% 50% 50% .... | Am. Can 27V* 27 27 % 27% ! Am. Inter. Corp. 30% 20% 30% 30 Am. Linseed... 24 23% 23% 24% i Am. Locomotive 88% 88 88% Bt>% ' Am. Smelt. Ar R. 36% 36% 36% 35% ! Am. Sugar Ref. 02% 61% 62 62% !A. Suma. T. Cos. 42% 41 % 42% 42% lA. Steel Found. 24% 24% 24% 24% ‘Am. Tel. k T. 106% 106% 106% 106% I Am. Tobacco.. 124% 123% 123% 123 Am. Woolen .. 74% 72% 72% 73% Anacon. M. Cos. 37% 37% 37V s 87% Atchison 85% 85 85% 85% At. G. & W. I. 26% 25% 25% 26 Baldwin Loco. 86% 84% 85% 38 B. & 0 38% 37% 37% 38 Beth. Steel (B) 54% 53% 53% 54% : Cal. Pete 30% 35% 35% 30% ; Canadian P. R. 112% 112% 112% 112% Central Leath... 28% 27% 27% 2!) •Chan. Motors 43% 41V- 42% 46 jc. A 0 54 54 ‘ 54 54 % I Chi., M. A St. P. 25% 25 25 25 j C., M. &S.P. p. 38% 38Vi 38Vi 38% j Chi. A North... 65% 65 65% 65% ; C., Rock I. AP. 33% 33 33 33% ICR IA P 6pct p 65% 65% 65% ...! jCR IA P 7pet p 77% 77% 77% .... Chili Copper .. 11 10% 10% 10% [Chino Copper... 23 23 23 23% 'Coca Cola 34% 34% 31% 34% Colum. Gas 56% 56 56% 56% Colum. Graph.. 4% 4% 4% 4% Consol. Gas 88% 87% 87% 87% Cosden Oil 24% 24 24% 25 Corn Prods 74% 73% 73% 73% Crucible Steel 61% 60 61% 61 Cub. Am. Sugar. 13% 13% 13% 13% Endicott 64% C3% 63% 61 Erie 13% 13% *13% 13% Erie Ist pfd... 18% 18% 18% IS*„ : Fam. Players... 55 52% 52% 52% Fish Rub. C 0... 10% 10 10 10% : Gen. Asphalt... 49% 47% 48% 48% Gen. Electric.. 124 121% 122% 124% [Gen. Motors... 10% Gt. North, pfd. 75% 75% 75% 75% Gulf S. Steel.. 38% 37 37% 38% Houston Oil 50% 60 50 50% Illinois Central 95 95 95 93 Inspiration Cop. 33% 33% 33% 33% Interboro Corp 2% 2% 2% 2% Invisible 0i1... 7% 7% 7% 7% Inter. Harvester 79% 78% 79% 79% Inter. Nickel.. 13% 13% 13% 14 Inter. Paper.. 48% ’47 47% 47% Island O. A T. 2% 2% 2% 2% Kan. C. South. 26% 26 26 25% Kelly-Spring. T. 41% 40% 41 41 Kennecott Cop. 19% 19% 19% 19% Lacka. Steel... 41% 41% 41% 41% Lehigh Valley. 51% 51% 51% 51% Lee Tire 25% 25% 25% 26 Loews. Inc 13% 134 13% 13% Marine com 8% 8% 8% 9 Marine pfd 43% 43% 43% 44% Maryland 0i1... 17% 17% 17% is Mont. Ward ... 19% 17% 17% IK% Mexican Pete.. .110-% 106% 107% 110% Miami Copper.. 20% 20% °oa; -ni Mid. sts. 0i1... i2i, n% i,t* * Midvale Steel... 20% 25% 25% 26 Mo. Pacific 194 19% 19% 191., Mo. Pacific pfd. .39% 38 as as*; Nat. En. & Stp. 36% 35% 35% 371. Nev. Con. Cop.. 10% 10% 10% 11 * N. Y Central... 71% 71% 71% 71% New Haven 11% 14 14 143, Norfolk A W 95% 95% 95U 0r.4 North. Pacific... 77% 76% 7% 771* Ok. P. & Rf. Cos. 1% 1% 1 % 1% Paeific Oil 35 34% 34% 341! Pan-Am. Petrol. 51% 48% 49 51 Penna. Ry 38% 38% 38% 38% People’s Gas 53% 53V, 63% 53 Pierce-Arrow ... 12% 11% 12% i>% Pere Marquette. 19 19 19 ,971 Pull. Pal. Car... 92% 91 % 92% 93 R.v. Steel Spring 93% 93 9 ; 9.3% Pure 001—.... 24% 24% 24% 24% Reading 70% 69% t<>% 70% Itep. Iron A Stl. 51% 60% sn' , 51 Replogle Steel... 34 24 24 25V. Roy. D. of X. Y. 47% 40% 47 40% 1 Sears Roebuck.. 68% 67% 67% ,59 Sinclair 19% IS% ,s% 19% Sloss-Sheffield . 38 .38 38 39 South. Pac 7714 77 77 77 South. Ry 29% 20% 20% 20% St.L.&S.W. Ry.. 2+ 24 24 24 Stand. OU. N. .T 137% 137% 137% .... St.L.&S.F. com.. 23% 23% 23% 23% Strombcrg Carb. 31 31 81 82 Studebaker 74% 72% 73 7‘. Tenn. Copper... 8% 8 8 Texas Cos 35% 35 *5% .35% Tex. A Pac 22% 22% 22% 22V* Tobacco Prod... 67% 66 66% 67% Transcont. OH . 7% 7% 7% 7% Fnion Oil 18 18 18 18 Union Pac 120 119% 119% 120 Unit. R. Stores.. 63 52 52% 62% F. S. Food Corp. 13% 12% 13% 12% •I'nited Fruit..lo7% 107% 107% 10s% United Drug .. 55 54% 54% 54% U. S. Ind. Alco. 45% 45% 46 46% F. S. Itubberf.. 48% 47 47% 48* U. S. Steel 79 77% 77% 78% U. S. Steel pfd.loo% 109% 109% 1t)9% Utah Copper.... 48% 47 4#% 48% Van. Steel 81% 30% .30% .30% Vir Car. Chem.. 29% 29% 29% 29% Wabash 7% 7% 7% 7% Wabash Ist pfd.. 20% 20% 20% 20% Western Union . S3 83 83 82% West Elec 44 44 44 44 Willys-Over .... 6 6 6 6 Wilson A Cos.. 35% 35% 35% Worth Pump .. 39% 39% 39% 39% White Oil 7% 7% 7% 7% West Pac 22 22 22 7% •Ex-dividend.

NEW YORK LIBERTY BONDS. Prev. Iliirh. Low. Close, close. L B. 3%s 88.00 *7.74 87.86 87.00 L. B. Ist 4s 89.20 L. B. 2d 4s 89.30 89.00 89.10 Ml 00 L. B Ist 4%5.... 89.40 89 10 89 28 89.14 L. B. 2d 4V,s 89.42 89.18 89.'4 80.10 L. B. Id 4Vi* 91.0*5 92.84 92.94 92.82 L. B. 4th 4' 4 5.... 89.58 89.3*5 815.54 89.12 Victory 3%s 99.14 99 o*s 99.12 99.0*5 Victory 4%s 99.14 99.04 99.12 99.08 CHICAGO STOCKS. (By Thomson A McKinnon.) Sept. 20— Open. High. Low. Close. Armour pf*l 90% 91 90V4 91 Ar Leather 12’, 1214 12% 32*4 Carbi & Curbo.. 4i% 44% 44', 44% Litbv 7% Mont-Ward .... 18% 18% IS is Nat. Leather % 45*4 6% 6% Swift &Cos 94 % 94% Swift Internet.. 23% 21', 224, 2/! NEW TORK METAL MARKET. NEW YORK, Sept. 20 Copper -Firm; spot to November offered, 11 %e. Lead - Firm; spot to October offered, 4.75 e. Spelter—4}uiet; spot to October offered, 4.20 c. NEW YORK TERPENTINE. NEW YORK, Sept. 20.—Turpentine sold at 7*s<- per gallon in trade on the market here today.

Local Curb Market

(By Newton Todd.) —Sept. 20 - Bid Ask American Hominy com 17 Brazil Sterling 4% 37% 38% Burdick Tire and Rubber .. 1% 2% Capital Film Cos % I*4 Central and Coast Oil 1% 4V* Choate Oil Corg, 1 1% Columbian Fire Ins. Cos 6 7% Comet Auto 1% 2% Dayton Rubber Units 61 70 Duesenberg Motor Units 60 69 Duesentierg Motor com 9% X 5% Elgin Motor Car 3% 4*; Federal Fin. Cos. pfd 72 82 Fed. Fin. Cos. com 125 135 Gt. Sou. Prod. & Ref. Units 5% 7 Haynes Motor com 118 Hurst & Cos., pfd 45 65 Hurst & Cos., com 1 2)4 Indiana National Bank 255 265 Indiana Rural Credits 48 64 Indpls. Securities pfd 1% 2% Majestic Tire 12 17 Vs Metro. 5-50 e Stores com 12 18% Metro. 5-500 Stores pfd '3O 35 Revere Motors % % Rub-Tex Units 17 21 State Savings and Trust Cos. 88 03 Stevens-Duryea Units 54 64 Stevenson Gear Units 4 6 n. S. Automotive Units .... 86 95 1 U. S. Mtg. Cos. Units 161 171 1 TOLEDO SEED PRICES. TOLEDO, Sept. 20.—Cioverseed—Cash, $12.50 bid; October, $12.50; December, $12.65 bid; February, $12.85 bid; March, $12.80 bid. Alsike—Cash. $10.75 bid: Oc tober, $10.75 bid; December. $10.85; March, sll bid. Timothy, 1920, cash. $2 1921, cash, $2.60; September, $2.60; O'Sber. $2.60; December, $2.67%: Janu- *• $2.72%; February, • $2.77%; March, STO4 bid.

STOCK MARKET CLOSE IRREGULAR Majority of Changes to Lower Figures—Rails Down. NEW YORK, Sept. 20.—The stock mar ket closed irregular today. Some stocks had a fair recovery from the low levels, but the majority of changes were to low figures. Mexican Petroleum, after yielding ‘o 106%, recovered to 107%, a net loss of 2% points. Steel common closed % of a point net lower, at 77%. Baldwin Locomotive, after dropping to 84-18, rallied to 85%. Reading fell % of a point to 69%, while Northern Pacific was off 1 point to 76%. Studebaker closed 1 point lower at 73. Total sales of stocks were 529,700 shares; bonds, $12,950,000. (By Thomson & McKinnon.) —Sept. 20 — Following the lather severe reaction of yesterday, the market, during the early hours, was surprisingly dull, but a little pressure developed, first in a few specialties. and later in the day in some of the Issues that have been most prominent in the recent advance. In United States Steel the selling was conspicuous and on a large scale. The rather abrupt culmination of the rise and the sudden change In professional sentiment is deserving or some explanation for it cannot be found either in the money market, where all is satisfactory, or in the state of trade, where Improvement 1s being reported daily. The only plausible explanation that can be offered Is thut there was a lack of harmony and the time was not opportune for an active campaign for higher prices. Aside from all efforts, either to advance or depress values, there remains the question of merit. Without It no market move could possess tile quality of permanency and. if it Is true the conditions in this country are progressing and factory production increasing, then declines Will be temporary as bulges aro In a period of depression. CLEARING HOUSE STATEMENT. NEW YORK. Sept. 20.- Federal Reserve Bank Credit, $49,600,000; exchanges, $700,400,000; balances. $60,500,000. TWENTY BTOCK3 AVERAGE. NEW YORK, Sept. 20—Twenty in dustrial stocks averaged 70 06, down .77 per cent. Twenty active rails averaged 72.78, off .40 per tent.

Money and Exchange

Indianapolis bank clearings Tuesday were $2,838,000, against $3,460,000 for Tuesday of last week. NEW YORK, Sept. 20 -The foreign exchange market was slightly lower at the opening today. Demand Sterling rose %c to $3.71%. Francs fell 2 centimes to 7.06 c for cables and 7.05 c for checks. Lire cables were 4.20%c; checks, 4.19%. Belgian cables were 7 02c; checks, 7.01 c Marks were 94%e. Guilder cables were 31.60 c; checks. 31.08 c Sweden kronen cables were 21.70 c; checks, 21.65 c. Norway kronen cables were 12.65 c; checks. 12.60 c; Denmark kroneu cables were 17 78c: checks, 17.73 c. NEW YORK CALL MONEY. NEW YORK, Sept. 20—Money—Call money ruled 4% per cent; high, 4% per cent; low-, 4% per cent. Time rates steady, all 5%@5%c; paper steady. Sterling exchange was steady, with business tu bankers' bills at $3.71 for demand. MOTOR SECURITIES. (By Thomson A McKinnon. l —Sept. 20— --OpeningBid. Ask. Packard com 6% 6% Packard pfd 59% 60% Peerless 38 39% National Motors 2 3 Paige Motors 13% 14 ACTIVE OIL STOCKS. (By Thomson A McKinnon) —Sept. 20— Opening— Bid. Ask. Anglo American Oil 10 15% Horns Serymser 325 350 Buckeye Pipe Line 79 81 Chesebroogu Mfg Cons 145 155 Continental Oil. Colorado ...108 111 Cosden Oil and Gas 5 6 Crescent Pipe Line 24 28 Cuberland Pipe Line 115 120 Elk Basin Pete 6% 5% Eureka Pipe Line 7.3 76 Galena Signal Oil, pref 80 85 Galena-Signal Oil, com 83 35 Illinois Pipe Line 150 153 Indiana Pipe Line 74 76 Merritt Oil 7 7% Midwest Oil 2% 2% Midwest Rfg 135 145 National Transit 21% 26 Northern Pipe Line 83 88 Ohio Oil 226 232 Oklahoma I’. A R 3% 4 I’enn. Me x ’7 20 Prairie Oil aud jii .440 445 Prairie Pipe Lite 182 185 Sapulpn Refg 33% Solar Refining 340 360 Southern Pipe Line 70 74 South Penn Oil 165 170 Southwest Penn Fine Line*.. 52 65 Standard Oil Cos. of Ind 70% 71 Standard OU Cos. of Kan 630 545 Standard Oil Cos. of Kv... 380 39!) Standard OU Cos. of Neb 145 150 Standard Oil Cos. of N. Y... 318 822 Standard Oil Cos. of 0hi0.....360 870 Swan A Finch 30 35 Vacuum Oil 240 245 Washington OU 23 2S

NEW YORK CURB. (By Thomson A McKinnon.) —Sept. 2*>— —Closing— Bid. Asked. Curtis Aero, com 1 3 Curtis Aero, pfd 15 First National Copper 60 60 Goldfield Con 5 7 Havana Tobacco 1 1% Havana Tobacco pfd 4 6 Jumbo Extension 33 lnterna*!onal Petroleum 10% 10% Mpissing 4% 4 : ' S Standard Motors 3% 5 45011 Creek ]O% 10% Tonopab Extension ) 7-16 1% Tonopah Mining 1% 1% United p. S. new 15 10 17-16 U. S. Light and Heat 1% 1% U. S. Light and Heat pfd. .. 1% 1% Yukon Gold Mine Cos 85 Jtl Jerome 20 22 New Cornelia 13% 14% I'uited Verde 21 25 Sequoyah 3 6 Omar OH 94 96 Rep. Tire 2** 2.5 NEW YORK RAW SUGAR. NEW YORK, Sept. 20.- Trade In raw sugar wur quiet on the market here today. Cubas sold at 4.61 e per pound, duty paid, while Porto Ricos were quoted at 4,25 c per pound, delivered. NEW YORK REFINED SUGAR. NEW YORK, Sept. 20.—Trade in refined sugars was rather quiet on the market here todr.v and prices were steady. Fine granulated was quoted at 5.60*3 5.85 c per pound and No. 8 soft at the same figures. NEW YORK COFFEE, NEW YORK, Sept. 20.—Trade In coffee was fair on the market here today and prices were steady. Opening options were 2 to 7 points higher. Rio No. 7 on spot sold at 7%c per pound. NEW YORK RICE. NEW YORK, Sept. 20.—Rice values were firm in trade on the market her* today. Domestic rice sold at 3%07%c per pound. NEW YORK WOOL. NEW YORK, Sept. 20.—Trade In wool on hte market here today was active and prices were steady. Domestic fleece. XX Ohio, was quoted at 23038 c per pound; domestic pulled, scoured basis, at 18@67c and Texas domestic, scoured basisT at 40075 c. NEYV YORK HIDES. NEW YORK. Sept. 20.—Hide prices were firm on the market, here today, na tive steer hides selling at 13%c per pound and branded steer hides at 13c. NEW YORK PETROLEUM. NEW YORK, Sept. 20.—Petroleum prices were firm in ‘rads on the mar ket here today. Pennsylvania crude oil sold at $2.25 a barrel.

INDIANA DAILY TIMES, TUESDAY, SEPTEMBER 20, 1921.

New York Bonds

(By Fletcher-Amerlcan Cos.) FOREIGN' GOVERNMENT BONDS, —Sept. 20— Bid Ask Arg. (uplisted) ss, Sept. 1,’45'64% 65% Belgian os, Jan. 1, '25 94% 85% Belgian 7%5, June 1, '45 102% 102% Belgian Bs, Feb. 1, '4l 101% 101% •Belgian Rest. 6s, Opt., '34.. 6il 67 Berne Bs, Nov. 1, '45 101% 101% Chile Bs, Feb. 1, '4l 98% 98% Chinese (Huk. R.v.) ss, Ju , 'sl 40% 40% Christiania Bs, Oct. 1, '45 ... 101% 101% Copenhagen 5%5, July 1, '44. 81% 82 Danish Mun. Bs, Feb. 1, '46..102 102% Denmark 8s Oct. 15, '45 102% 103 •Canadian 5%5. Dec. 1, '22... 89% 89 •Canadian 5%5, Nov. 1, '23.. 86 % 88 •Canadian 5%5, Nov. 1, '21.. 85% 86% •Canadian ss, Dec. 1, '25 84 85% Canadian ss, Apr. 1, '26 93 % 94 •Canadian 5%5, Dec. 1, '27... 86% 88 Canadian 5%5, Ang. 1, ’29.... 93% 94 Canadian ss, Apr. 1, '3l 90% 90% •Canadian ss, Oct. 1, '3l 81% 83 •Canadian 5%5, Nov. 3, '33.. 86 87% •Canadian S'/gS, Nov. 1, '34.. 8-8% 84V* Canadian ss, Mch. 1, '37 80% 57% •Canadian 5%5, Dec. 1. '37.. 87% 88% •French (Vic.) ss, Opt., '31.. 04% 50 •French 4s, Opt., '43 44% 46 •French (Prem.) ss, issue '2O. 64 66 •French 6s, Opt., ’3l 65% 67 French Bs, Sept. 15, ’45 100% 100% • I tali. (Treus.) ss, Apr. 1, '25. 40 42 •Italian (War) Ds 31 32 Jap (First) 4%5, Feb. 18, '25. 85 % 85% Jap (Second) 4%5. July 10, '25 85% 85% Jap 4s, Jan. 1, 31 69% 70 Norway Bs, Oct. 1, '4O 105% 106 Paris 6s. Oct. 15. '2l 99% 100 Russian 6%5. June 15, T 9... 13% 17% Russian 5%5, Dec. 1, '2l 14% 17 •Russian 5%5, Feb. 14, '26.... 4 6 Sao Paulo Ss, Jan. 1, '36.... 98 98% Swedish 6s, June 13, '39. .. 88% 89% Swiss 5%5, Aug. 1, "29 89% 90% Swiss Bs, July 1, '4O 106 106% U. K. s Vi*, Nov. 1, '2l 99% 99% U. K. 5%5, Nov. 1, '22 98% 98% U. K. 5%5, Aug. 1, '29 89 % 89% l'. K. 5%5, Feb. 1, '37 89% 89% *L\ K. (Victory) 4s, Issue T 9 27+ 284 *U. K. (War Loan) ss, Oc, 1, ’22.360 370 •U.K. (War Loan) 6s. Fb. 1, ’29 259 569 Zurich Bs, Oct. 15, '45 101% 101% Brazil 8s 99% 300 French 7%s 95% 95% Urguary 8s 99% 100 Dominican 6%5, '3B 91 94 Dominican 5%5, 'SS 79 81% •Internal loans.

CORPORATION BONDS. Bid. Ask. Alum Cos of Amer, 7s Nov., "25 98 95% Amor Cotton OU, 6s Sept. 2, '24 89% 90% Amer Tel, 6s Oct., '22 99% 99% Amer Tel, 6s Feb '24 98 08% Amer 1 hread, 6s Dec., '2B .... 97 97 ** Amer Tob, 7s Nov., '22 100% 101% Amer Tob., 7s Nov., ’23 101 101% Anaconda. 6s, Jan., '29 90 90% Anaconda, 7s Jan., '29 91% 95% Anglo-Amcr OU 7%s Apr., '25 101 101% Armour 7s July 10, '39 98% 99% Atlantic Ref 6%s Mar., '3l . . .101% 101% Bell Tel of Can 7s Apr., "25.... 07 % 98% Beth Steel 7s July 15, '22 99% 100% Both Steel 7s July 15, '23 08% 08 •* Can Pacific 0 Mar _, '24 .. .. 03% 08% Cent Arg Ry 6s Feb., '27 .. .. 84% 85% C, R I & P 6s Feb.. '22 99% 09% Con Gas 8s Dec., '2l 100% 100% Copper Exp 8s Feb. 15, '22 100% loi % Copper Exp 8s Feb. 15, '23 ...100% 101 Copper Exp 8 Feb. 15, '24 ....101% 101% Copper Ex] 8s Feb. 15, "25 ....101% 102 Cudahy 7 July 13, '23 % s* 100 Fed Sugar 6s Nov., "24 96 97 Goodrich 7s Apr., 25 91% 91% Gulf OU 6s July, '23 97% 98 Gulf OU 7s Feo„ '53 99% 99% Hocking Val 6s Mar., '24 .... 94% 95 Humble 011 7s Mur 15, 23 .... 071* 97% Int R T 7 1< Sep’ , '2l 75 76 K C Term 6s Nov. 15, "23 08 08% Kenn Copper 7s Feb., 30 94% '94% Laclede Gas 7* Jan., "29 91% 91% Llg A Mvers 6s Dec., '2l 100 1 00% Proctor &. G 7* Mar.. "22 ... 100% 100% Proctor A G 7s Mar.. 23 100'* 101% Pub Ser N J 7s Mar., '22 .... 07 07% R J Reynolds 6s Aug.. "22 ... 99'% 100% Scars Roebuck 7s Oct. 15, '2l .. 99% 100% Scars Roebuck 7s Oct. 15, '22 .. 08% 99 Sears Roebuck 7s Oct 13, '23 . . 97 % 08 Sinclair 7%s May 15, '25 92% 92% Solval A. lie 8-' Oct, '27 99% 100% Southern Ry 6s Mar., '22 .. . 98% 98% S W Bell fel 7e Apr, '25 97% 97% Stand OU (Cal) 7* Jan , '3l 103% 104% Stan Oil (N Y) 7s Jan. "25 '31.. 102 105 St Paul U D 5%s Dec. 15, "23.. 07% 08 Swift 7s Oct. 1.1. "23 00% 90% Texas Cos 7s Mar. 1, '23 100 H)O% Utah Sec 6s Sept. 15, '22 03% 04% Waltham Wat- n 6 Aug '24 . . 89 93 Western Elec 7s Apr., '25 ....100% 101% Westingbouse 7s May, '3l ....102% 103%

Local Stock Exchange

—Sept, 20— STOCKS. Bid. Asa. Ind. Ily. A- Light com o*l ... Ind. Ky & Light pfd 75 Indnlsr A S E. pfd Indpls St Ry 34 41 T. 11. 1. A L. pfd 48 T. H. I. & E. com 2 T. H. I. A E. pfd 10 U T. of Ind. com 1 U. T. of Ind Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance-Rumely com ... Advance- Ruinely pfd ... Am. Central Life. 175 Am. Creosotlng pfd 91 I>lt R. It. com 53% 02 Belt R R rfd 42% ... Century Bldg Cos. pfd 91 Citizens Gas Cos 20 25 Dodge Mfg Cos. pfd Home Brewing 52 Ind. Hotel com 50 Ind. Hotel pfd 91 Ind. Nat. Life Ins. Cos 3% ... Ind. Title Guarantry C 0.... 55 6.5 ind. Pipe Lines.. 73 77 lcdpls. Abattoir pfd 40 50 Indpls. Gas 4n 6*l Indpls. Tel. Cos. com 2 Indpls. Tel. Cos. pfd 90 Mer Pub. Util, pfd 40 Nat'l Motor Car Cos 2% 4% Pub. Sav. Ins. Cos.. 4 Rauh Fertilizer pfd 40 Standard Oil of Indiana 611% 72 Sterling Fire Ins. Cos 6% 7% VBn Cainp Hdw. pfd 90 100 Van Camp Prod. Ist pfd its) \ ? an Camp Prod. 2d pfd HjO Vandalia Coal Cos. com 5 Vandalia Cool Cos. pfd 4% 7% Wabash Ry. com 7 8% Wabash Ry. pfd ... BONDS. Broad Ripple 6 50 Citizens St. Ry. 5s 69 Ind. Coke & Gas 6s 94 Indian Creek Coal A Mine 100 Indpls. C. A South ss. .... 88% ... Indpls. A Martinsville 55.... 45 Indpls. A Northern 5s 39% 4;:% Indpls. & N. W. 0s 50 56% sndpla A S. E. 5s 45 Indpls. S. & S. E. 5s 70 Indpls. St. Ry. 4s 48 M> Indpls. T. A T. 5s *l7 74 Indpls. Gas Cos. 5s 71 77 T. H.. I. A E. 6s U. T. of ind. is 47% 34 Citizens Gas Cos. 5a 73 80 Indpls. Gas 5s 71 77 Kokomo, M A W 5s 74 ... Ind. Hotel Cos 2d 6s 73% 79 Indpls. Light & Heat 5s 73% 80 Inpls. Water 4% 66% 75 Indpls. Water 5s 88 92 Mch. H. A- L. 5s 85% 94 New Tel. Ist 0s 94 New Tel. L. D. 5s 93% Sou. Ind. Power 5s 93% LIBERTY BONDS. Liberty JTrst 3%s 87.44 .... Liberty First 4%s 88.90 89.20 Liberty Second 4%s 89.20 89.42 Liberty Third 4%s 92.84 91.18 Liberty Fourth 4%s 89.30 89.58 Victory 3% s 99.00 99.20 Victory 4%s 99.00 99.20 INDIANAPOLIS PRODUCE. Butter —Local dealers aro paying 390 40c per lb. for butter delivered in In dianapolis. . Eggs- Loss off, 30(532c. Butter—Packing stock, 17018 c. Poultry—Fowls. 18(0 24c; springers. 22025 c; cocks, 10012 c young hen turkeys, 8 lbs. up, 35c; young tom turkeys, 12 lbs. up, 35c; old tom turkeys, 30c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 15016 c; spring ducks, 3 lbs. and up, 16c; geese, 10 lbs. ond up, 10@llc; squabs, 11 lbs. to the dozen, $4.50. Butterfat—Loral dealers are paying 37c per pound for butterfat delivered in Indianapolis CLEVELAND PRODUCE. CLEVELAND. Sept. 20,-Butter Extra in tubs, 47@47%c; prints, 4S@4B%c extra firsts, 46046%c; firsts, 45045%, seconds, 36036%c; packing stocks, 210 23c. Eggs—Fresh gathered northern extras, 40c: extra firsts, 39c: Ohio firsts, new cases. 35c; old cases, 34c: western firsts, new cases, 33c. Poultry, live heavy fowls, ,27c; light fowls, 20@21c; roosters, 15c; broilers, 24025 c; Lire ducks, 20025a,

SWINE VALUES SUFFER DECLINES Heavy Hogs in Good Demand —Cattle Market Dull. RANGE OF HOG I’FICES. Good Good Good Sept. Mixed. Heavy. Light. 14. 8.25 $7,757? S.OO $8.40® 8.50 15. 81' , 8.25 7.50® 8.00 8.40® 5.50 15. 8.1 r - 8.25 7.75 ® 8.00 8.40® 8. -0 16. B.lß® 8.25 8.00 8.40® 8.50 17. 8.50 B.oo® 8.25 8 50® 8.60 19. 8.50 8.50 8.25® 8.50 20. 8.35 8.10 8.35 Hog prices suffered declines in trade on the local live stock exchange today, due principally to largo receipts and only a fair demand by shippers. Light swine, which only a short time ago were in good demand and commanding high prices, suffered the greatest loss, being fully 49 cents lower, while heavy swine were only 15 cents lower, being in demand due to opening of the fall aud winter packing season. Swine weighing 160 to ISO pounds brought SB.IO, while those weighing 780 to 300 pounds sold at $8.35, wl. u top of $8.50 on a few fancy heavies. There was little demand for pigs, while receipts of that grade were large, aud prices were lower. Pigs generally sold at $7 and down. Roughs, for which there was a good demand, sold at [email protected]. which was 25 cents lower than the prices for that grade on the market of the previous day. The bulk of the sales for thf day were made at $8.35. Local packers made the market, the shipping demand being light and those buyers rather reluctant to starting the market in motion A heavy holdover for the day was anticipated. Receipts of cattle were again light and the market dull, with the quality of cat tie for sale poor and local packers none too active. Prices were steady on a very few good steers and heifers to a shade lower on the medium butcher grades. Commission men say that there Is no hope for Improvement in the local market so long ns the local packers go to other markets to buy their cattle. They stated that, if the local packers would support the local market more and better cattle would be sent here. Receipts for the day were close to 400 fresh cattle, with a large number of cattle from other markets of the country. With 500 calves on tlie market, prices were steadv to strong on veals. A top of sl4 was establish'd for choice veals, while the bulk of that grade brought $12.50 (313.50. There were dose to 1 000 sheep and lambs on the market and prices were steady on sheep to 50 cents lower on practically all grades of lambs. Choice lambs raid at $8.50. HOGS. Best light hogs. 100 to 200 lbs average $ 8.10 Over 3(H> lbs 3 -'s® 5.35 200 to 3(H) lbs 8 35 Mows 6.11-14)' 6 50 Stags ~... 4 50® COO Best pigs, under 110 lbs 7 00 Top 8 s<> ItUik of sales 8.35 CATTLE. Prime rernfed steers, 1,300 to 1,800 lbs 7.50® 8.50 Good to choice steers, 1.200 to 1.300 lbs 7.00® 7.50 Good to choice steers, 1,100 to 1.200 lbs 6.50® 7.00 Good to choice steers, 1.000 to 1,100 lbs 6 00® 6.50 Common to medium steers 800 to 1.000 lbs ... 5.50® 6.00 —Hellers and Cows— Good to choice heifers 7.75® 800 Medium heifers 6.00® 7.00 Common to good heifers .... 5.00® 6.00 Good ta choice cows 3 75® 500 lair to medium cows 2.00® 3.00 Cutters 1.75® 2.75 Can tiers 75® '2.00 —Bulls— Good to chdeo butcher bulls 4 75® 5.50 Bologna bulls 4.00® 4.50 Light bologna bulls 3.25® 4(H) Light to common bulls .... 3.00® 2.25 * -Calves— Choice veals 12.50®13.50 Good veals 10.50 11.50 Medium vests B.oo® 9.0> Lightw eight veals s.t<'® 60J Common heavy weight veals . 4 .00 q. 5.00 —Stockers aud Feeders— Good to choice steers, under 800 lbs 5.00® 6 00 Medium cows 2 00® 3.00 Good cows 3.00® 4.00 Good heifers 5.50® 7.00 Medium to good heifers 4 00® 5.00 SHEEP AND LAMBS Ewes 2 0“® 3 50 Bucks * 50® 2.50 Choice ewes and wether lambs 7.50® SSO Seconds 5.50® 6.50 ltuek lambs 5.00® 6.00 Cull lambs 2.00® 350

Other Livestock

CHICAGO, Sept. 20. Hogs Receipts, 24.000; market mostly 15025 c lower: light lights, 25049 c lower; liu*k. $6.0508.35; top. $860; heavyweight. $7.600846; me dl’lm weigl t, 88 1508.741; light wo,gilt. $8 (08.50; light lights. $7 5008 15; heavy packing sows, smooth. $0.6507.25; packing sows, rough. $01500.75; pigs, $0 5* 0 7.50. (’little Receipts. 11.000: market steady to lower; beef steers, choice and prime. $8.65010.25; medium and good. *6.250’9; good and choice. $8.25010.73; common and medium. $1.9008.23; but her cattle, heifers, $4.2509; cows. $3.5007; bulls. $3.6000.40; owners and cutters, cows and heifers, $2.1503.50; cauner steers. $2.7503.50: veal calves 1 light and handy weigh* 1, $8013.50. feeder steers, $507.25; sicker steers $400.75; stoeker cows ond heifers, $504.75. Sheep - Receipts, 26.000; market, lambs 25050 c off; sheep and feeders steady; lambs t* 4 -! lbs dea'ii), $7.5009 65; culls and common. $5 07 50; yearling wether*. $5 25 0 7 50; etves, $305; culls mid common. $202.73 breeding ewes, $3.2500 50; feeder lambs, $5.75 07.50. CINCINNATI, Sept. 20 -Hogs— Receipts, 4,500; market, steady to 25 cents lower; heavies, $805.75; mixed and mediums, $8.75; light, $8.50; pigs. $7; roughs. $0.50; stag*. $5.25. Caifle Receipts, 600; market, steady ; bulls steady, calves, $13.50014. Sheep and lambs Receipts, 1,8 0: market, gen rally steady; ewes, $108.50; choice luiuiis, $9.50010; secouds, $0.5007; culls. $30.4. nXVELANP, Sept. 20. -Hogs Receipts, 2,500; ina'ket, steady; yorkers, SB.B-5; mixed, $8.86: mediums, $885; pigs, $8.50; roughs, $0.50; slags. $4 50 Cattle Receipts, 250; market, steady. Sheep and lambs —Hecilpls, 750; market, weak; top, $9.23. Calves—Receipts, 250; market. nctive and steady; top, $14.74). EAST BUFFALO, N. Y. Sept. 20. Hogs -- Receipts. 2.41 X); market, active; Yorkers, $909 45; pigs, $9 09 15; mixed, $909.45; heavies SB. 1009; roughs, $606.25; stags, $3,500 4.50. Cattle- Receipts, 1 O; market, slow; shipping steers, $809.50; butcher grades steers, $7.5009; heifers, $508; cows. $1.5005.5*'; milk cows and springers. $35 0145. t'alvcs - Receipts. 325; market, slow: cull to choice, SSOX3. Sheep and lambs Receipts, 1,000; market, slow; choice lambs, $10010.25; cull to fair, $0.50 0J.75; yearlings, $007; sheep, $205.50. EAST ST. LOl IS, Sept. 20.—Hogs— Receipts, 8.500; market 10c to 15c lower; mixed and butchers, $8.1308.05; good heavies, $7.750.8.40; roughs, $4(5*6.54; lights, $8.350 8.60; pigs, $708; bulk of sales, $5.2505.55. Cattle—-Receipts, 4,500; market, active and steady; native beef steers, $8.50010.35; yearling steers and heifers, $7.7509; -ows, $1076; stoekers and feeders, $405.75; calve*, $10012.50: eanners and cutters. $203. Sheep and lambs—Receipts, 3,500; market, lower; mutton ewes, $3.5004; lambs, [email protected]: canners and choppers, $202.50. PITTSBURGH, Sept. 20—Hogs—Receipts, 1,000: market 20c higher; prime heavies, $-8.0008.9(1: mediums, $909 10; heavy yorkers, $909.10; light yorkers, $8.0508.75; pigs, $.8.5008.00; roughs. SSO 0.73; stags, $404.50; heavy mixed, $8,750 8.00. Cattle-Receipts light; market steady; choice, $8.2508.75; prime, SBO 8.50: good. $7.3008; tidy butchers. $7.25 07.75; fair, $0.7507.23; common, $5.75j8 0.75; common to good fat bulls. $2,500) 3.50; common to good fat cows, $405.50: heifers, $0.7307.25; fresh cows and springers. $30083; veal calves, $14.50: heavy and thin calves, S6OIO. Sheep and lambs —Receipts, 1,0*10: market steady; prime wethers. $4.6005; good mixed. $404.50; fair mixed. $3.2503.75; culls and common. $102; lambs, $9.50. WHOLESALE BEEU PRICES. The following are today’s wholesale prices for beef cuts as sold by Indianapolis markets; Rits—No. 2. 22c; No. 3.20 c. Loins— No. 2. 18c; No. 3.16 c. Rounds—No. 2, 17c; No 3,14 c. Chucks—No. 2,10 c; No 8, Bc. Plates—No. 3.8 c; No. 2,7 c.

TRADE IN GRAINS EXTREMELY LIGHT Values Fluctuate Fractionally —Provisions Irregular. CHICAGO. Sept. 20.—Fractional flue- ! tuations occurred In grain prices on the Chicago Board ftf Trade, due to the lack f buying and and liand. Lack of interest 1 In trade was everywhere In evidence. Provisions closed irregular. September wheat opened up %c at st.2B and remained unchanged at the close. December wheat opened up %o at $1.28% and closed off %c. May wheat up %c, opened at $1.32%. but lost lc at the close. September corn opened unchanged at | 52%e and o'eclir<*d %c later. December ! corn up %c, opened at 53%c, but dropped %<• at the close. May corn up %c, opened : at 5Sc, !>ut lost that gain In later t- iding ; September oats opened up %c at 36%c and advanced an additional %c later. December outs opened %c higher at 38%c j and declined %c later. May oats opened at 42%c, up %c, but lost this fraction in j later trailing.

(By Thomson &. McKinnon) Sept. 20 Wheat \ lowering of quality of spring wheat by rains and large exports for the - mouth of August were the arguments for such strength as appeared in wheat. Both nf the-e poin.s have been thoroughly ’ (brushed out prior to this, our idea being tiiat a lowering of quality means a sear- | city of good wheat and a consequent Im- [ pof.tation of choice goods from Canada. It Is also our Idea that the important buying which made the large clearances possible Is a matter of history and has had due influence. What little forpign demand appears is supplied by Manltobas. I We have actually ex* oried up to date ! about 110.000.000 bushels and it is esti- ; mated that unshipped sales will bring 1 total to around 1; *0.000,000. However, If home consumption Is no larger than last year we still have a goodly surplus to supply i further foreign demand. The demand for cash wheat, in this market is i cerulnly not urgent, as evidenced hv the fact that sales to’go to store for the purpose of delivery on September contract are being made. The so-called strong statistical position has had its due Influence aud further than that Is not sur- ! prlsiiigly strong provided home consumption does uot Increase. It is our idea that values must work to a lower basis. Corn and Oats —It is claimed that for eigners are again Inquiring for oats, but if is also stated that no business has been done as buyers' Ideas are out of 1 ne This market, therefore, lias no relief from the weight of the very large visible supply. The export outlet for corn has Peon shut, it being claimed by those In touch with the situation that gulf ports are offering cheaper than Chicago. The fact that September is a discount tinder December and the December in turn under the May shows a none too strong cash position. Provisions —Hogs closed weak and 5 cents lower, but such light offerings as apeared in products met a demand from larger packers. We are inclined to feel that this market is in need of constant support If the movement of bogs remains liberal. CHICAGO GRAIN TABLE. - Sept. 20— WHEAT— Open. High. Low Close. Sept.... 126 1.27% 125% 1.26 Dec.... 1.28% 1.30 1.27% 1.28% Mav ... 1.32% 1.34 131% 1.32 CORN— Sept 52% ,53V* .52% .52% Dec 52% .53% May.... .58 .58% .5i% -5i% OATS - Sot r .36% 36% .36 .3e% Dec 38% .39 38% .38% May 42% .43% .42% -42% '•Sept' 18.50 1 scept 11.00 Oct 31 05 31 10 UOO HO7 Jan 980 985 9.70 9.72 Sep*.... 790 790 <75 cis Oct .... 7.90 790 7.75 *75 Jan 8.25 8.27 8.20 8 20 •Nominal.

PRIMARY MARKETS. (By Thomson i McKinnon.) —Sept. 20Wheat. Corn. Oats. Chicago 110.000 1,406,000 284,000 Milwaukee ... 63.000 115,000 34,000 Minneapolis. . 679.000 8.000 ST.OuO Duluth 1,074.00 52.000 St I r,uls 200.000 64,000 106 000 Toledo 112,000 10,000 12,000 Detroit 14,00 10,000 14.000 Ki nans City.. 500.000 126,000 66.000 Omaha 116.000 31.000 32.0.0 Indianapolis.. 13.000 87.000 92.000 Totals 2.781,000 1.801.000 727.000 Year ag0...1.342,000 1.(MS,000 1,098,000 —Shipments— Wheat. Corn. Oats. Chicago 272.000 1,323,000 98,000 Milwaukee ... 1.000 3.000 15.000 Minneapolis.. 189.04)0 23.000 70,000 Duluth 763,000 St Louis ... . 121.000 93,000 —B.OOO Toledo 3,000 2.000 2.000 Detroit ...... 3,000 Kansas Cltv.. 227,000 15,000 3.000 Omaha....'.. 161.000 29.0N1 28.000 Indianapolis . 3,900 3,000 46.000 Totals ...1.743.000 1.4914100 390.000 Year ago. 1.241,000 213,000 445,000 —Clearances - Domes. W. Corn. Oats. New York... 329,000 Philadelphia... 290.000 Baltimore 16,000 26,000 New Orleans.. 89,00*1 Totals 715,000 2C.000 Y’ear ago... 340.4*00 .. INDIANAPOLIS CASH GRAIN. —Sept. 20— Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were* Wheat —No sales. Corn—Easier; No. 2 white. 53%®54c: No. 3 white, 52%@53e: No. 2 yellow. 53® 54c; No. 3 yellow, 52®53c; No. 2 mixed, 52%@53%c; No. 3 mixed. 52®52%c. Oats —Steady; No. 2 white, 36®37c; No. 3 white, 344t.35c. Hay—Slow; No. 1 timothy. $17.50® 18: No. 2 timothy, sl7® 17.50; No. 1 light clover mixed, $lO 50®17; No. 1 clover, $10.50®1T.50. —lnspections Wheat —No. 3 red, 1 car; No. 4 red, 1 car; total. 2 cars. iy,. rn —No. 1 white, 2 cars: No. 2 white. 5 cars; No. 3 white, 1 car: No. 5 white, t car; No. 5 white, 1 car; No. 6 white.

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Weather

The following table shows the state of the weather at 7 a. m., Sept. 20, as observed by United States weather bureaus; Station. Bar. Temp. Weath. Indianapolis, Ind. . 30.07 70 Cloudy Atlanta, Ga 30.18 76 Clear Amarillo, Tex 29.80 68 PtCldy Bismarck, N. D 29.56 60 Cloudy Boston, Mass 30.28 66 Cloudy Chicago, 111 30.00 66 Rain Cincinnati, 0 30.10 71) PtCldy Cleveland, 0 30.14 60 Rain Denver, Colo 29.78 48 Clear Dodge City, Kan... 29.72 68 Clear Helena, Mont 29.0$ 46 Clear Jacksonville, Fla. .. 30.18 78 Clear Kansas City. M 0... 20.80 72 PtCldy Louisville, Ky 30.10 72 Cloud v Little Rock, Ark... 30.02 72 Clear Los Angeles, Cal... 29.06 58 Cloudy Mobile, Ala 30.12 82 Clear New Orleans, La. .. 30.10 80 Clear New* Y'ork, X. Y... 30.30 62 Cloudy Norfolk, Va 30.26 72 Clear Oklahoma City .... 29.86 74 PtCldy Omaha, Neb 29.66 70 Clear Philadelphia, Pa... 30.28 62 Cloudy Pittsburgh, Pa. ... 30.18 64 Cloudy Portland. Ore 30.12 54 Cloudy Rapid City. S. D... 29.72 56 PtCldy Roseburg, Ofe 30.20 44 Clear San Antonio, Tex.. 29.98 74 Cloudy San Francisco, Cal. 30.02 58 Clear St. Louis, Mo 29 96 74 Clear Bt. Paul, Minn.... 29.76 60 Cloudy Tampa, Fla 30.14 76 Clear Washington, D. C.. 30.26 62 Cloudy WEATHER CONDITIONS. The Northwestern storm is moving slowly Eastward. Its center is in Saskatchewan, bnt it now extends Southward in a depression trough over tiie Plains States. It is causing unsettled weather In Its front, with higher temperatures and showers in the NorthCentral States, while a field of high pressure following over the Westeern plateau is causing colder weather in much of the region west of the Great Divide. CORN AND WHEAT BULLETIN. For the twenty four hours ending at 7 a. in.. Thursday, Sept. 15. 1921: Temper i 1 •ture. Stations of IZt-c ” Indianapolis £ '5 _ c District 11 Yi.' If if 1! =!~ E i. t- =it c rs South Bend .[ 77 157 I 0 I Good -Angola .! 81 1 59 l 0 Good Ft. Wayne \ so 58 [ 0.04 Wheatfleld 82 55 0.33 Good Royal Center ;SO 54 0.02 Good Marlon 85 58 ! 0 Good Lafayette 83 60 0 Good Farmland [BS 60 0 I Good Indianapolis ’ 83 61 0 Good Cambridge City ! 86 62 i 0 Good Terre Haute .86 66 0 Good Bloomington 88 64 0 Good Columbus $6 67 0 Rough Vincennes 90 69 l 0 Good Paoli 86 67 0 Good Evansville 90 72 i 0 j J. 11. ARMING ' Meteorologist, Weather Bureau.

1 car: No. 1 yellow. 6 cars; No. 2 yellow. 2 cars; No. 1 mixed. 1 car; No 2 mixed, 5 cars; No. 3 mixed, 1 car; total, 25 cars. Oats—No. 2 white. 2 cars; No. 3 white. 7 cars; No. 4 white, 2 cars; sample white. 1 car; No, 3 mixed. 1 car; total, 13 cars. Rye—No. 2, 1 car; sample, 1 car; tutal--2 cars. Hay—No. 1 clover mixed. 1 car; No. 1 prairie. I car; total, 2 cars. Aifaifa—No. 1, 1 car. CHICAGO CASH GRAIN. CniCAGO. Sept 20—Wheat No. 3 red. sl.2S® 1.28% ; No. 4 red. $1.23® 1.25 1 ,; No .2 mixed. $1.28%: No. 3 mixed, $1.26: No. 4 mixed. $1.21%@1.23. Corn—No. 2 mixed, 53%®53%e; No. 2 white, 53%® 54c; No. 2 yellow, 53%®54e; No. 3 mixed, 53c; No. 3 white. 53@53%c; No. 3 vellow’, 53%@50%0. Oats—No. 2 white. ’ 37%® 88 %c, Nu. 3 white, 35%@36%e; No* 4 white, 31%®34%c. TOLEDO GRAIN PRICES. TOLEDO. Sept. 20. Wheat—Cash, $1.30; September, $1.30; December. $1.35; May. $1.40%. Corn -Cash. 56®57c. Oats —Cash, 41c. Rye, $lO3. Barley, 64c. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying sl.2’' 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.

In the Cotton Market

NEW YORK. Sept. 20 —The buying movement In cotton which gained much headway yesterday wa.- continued actively at the opening of the market today and first prices rose from 58 to 60 points today. Liverpool and spot Interests were among the early purchasers. The South and Japanese interests, with local professionals, furnished the selling. The list continued its upward course after the opening and at the end of the first fifteen minutes was about 53 points higher on active positions. Opening prices. October. 19.85 c; December, 20.20 c; January, 20.21 - March, 20.00 c; May 20.00 c. The market sold off sharply in the afternoon under heavy selling. The close was easy at a net decline of 2 to 22 points. —Cotton FuturesOpen. High. Low. Close. January 20.22 20 52 19.65 3!*. 65 March 20.00 20.40 19.53 19.53 May 20.00 20.30 19.4S 19.48 July 19.70 19.90 19.30 39.10 October 19.85 20.15 19 30 19.30 December 20 25 20.58 19.6$ 19.70 LIVERPOOL. England. Sept. 20.—Spot cotton was quiet in the opening trade on the market here today. Prices were steady and sales close to 14,000 bales. American-middlings, fair, 16.69d: good middlings, 14.98d; full middlings. 14.28d ; middlings, 13.83d ; low middlings, 12.83i1; good ordinary, 11.75d : ordinary, 11.03d. Futures opened steady.

Money to Loan oo Mortgages STATE LIFE INSURANCE CO.

FARM PRODUCTS SAFEGUARDS TO EXPORTS OF U.S.j World Helped by Foodstuffs and Oils From Western Land. COAL PRICES ARE HIGH and Philadelphia Public Ledger. Special to Indiana Daily Times By C. B. EVANS. CHICAGO, Sept. 20.—1n the service by the West of nutrition to the world from Its farm lands, and of heat and many other necessary elements in life from the oil wells, one finds just now some interesting peculiarities. The sorely tried countries of Europe may congratulate themselves on getting these things ar much lower figures than last year. Wheat has fallen almost one-half, corn In about the same ratio, oats in a proportion of say 70 to 40. lard 40 per cent, and mess pork 30 per cent. It is then found that, while the exports of breadstuffs in the latest full month reported, that is August, declined in value, they increased immensely in quantity. The quantity measurement is one tbit the casual observer slides over altogether too easily, the balance of trade, of course, being reckoned in dollars and the status of trade between this country and others measured in that unit. •

The experts of wheat in August of this year were more than double those of the August. 1920. figures, exceeding fifty-eight million bushels, while the corn movement, reaching 13,651.559 busheU, was seventeen times as large as In August 1920. The amount of money paid for the wheat was but slightly in excess ol that of last year. Os bacon one finds the a'mount exported about double last year's record, of hams and shoulders three times last year's record and the same nearly true of lard, while the quantity of oleo oil has risen 250 per cent. The quantity of rice as between the two months wms multiplied by six and the cost only doubled. The amount of cotton shipped August this ypar was more than three times as big as In August, 1921, but here cost Increased a little. In respect to the major cost of these major articles to other countries we are gaining something in the direction of abating the large balance of trade In our favor, which has been so excessive in the past a3 to disturb tbe commerce of the world greatly. Last month our trade balance was nearly half paid by the Imports of gold. Under the regime of high prices during and immediately after the war those importations properly were considered a mere bagatelle compared with the indebtedness of other countries to us. We are by no means so far away from the former conditions as to be justified in the greatest confidence as to the righting of this abnormal International condition, but certain progress is being made and this country Is getting the bulk of the output of gold from the mines tbe world plus some boards of which' little note has been taken in the past. Os petroleum In Its various forms the tendency was a decline In exports, but last month the slrpments were more than 37.000.000 gallons of crude against 22.000.000 last year, the finer oils falling off materially. Some of those Interested In petroleum In this city express anxiety as to the quality of oil now In storage, being 270.000.000 barrels, and rather rapidly growing, though the total Is by no means so great as at times during the war. It s assumed here that the large companies are accumulating this commodity in the expectation of a much bigger demand for it before long. The Russian surplie- ->ppear likely to be cut off. and the Bn’lsh have not yet gone fa enough in the exploitation of their fields to make much Impression. Another important consideration is the scarcity and high price of coal In the West and the present evidence that It will m be Increased much. The miners of the bituminous article are idle most of the time. A typicil case Is that of a proprietor in this city who owns five or six mines and is operating only one of them and that on part time. Mcreover the miners show a disposition to stick out for continued high wages. As to anthracite the householder becomes very thoughtful when he is asked to pay sl6 per ton. The high figures for coal appear to the oil men as promising an enlarged field for their commodity. The position of American agricultural products anil Its oil Industry in tta world would seem to be a fairly good stay against the worriraent that many people have expressed regarding the future of our exports. We have about aa near a sure thing on those articles as one could Imagine and as to tured goods we may well hold In patience till the international trad# ta less distorted than now.—Copyright, 1921, by Public Ledger Company.

I WILL BUY Federal Finance Common and Preferred, Majestic Tire, Burdick Tire, Dnseuberg Motors, r. S. Automotive, Great Southern Producing and Refining, State SaT lngs £ Trust Cos., Fletcher American National Bank, Stocks. NEWTON TODD 415 I.emcke Bldg.