Indianapolis Times, Volume 34, Number 113, Indianapolis, Marion County, 21 September 1921 — Page 10

10

MEXICAN BOND ISSUES SUPPLY TRADE FEATURE Prospects for Recognition Stir Buyers and Create Sharp Rise. POOL STOCKS SUFFER Special to Indiana Dally Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Sept. 21.—Price movements in the stock market Tuesday followed Monday's tendency and the character of trading was much the same. The trend was downward and the chief sufferers were the pool stocks that have been so active lately—Mexican Petroleum, Baldwin, the tobaccos and one or two specialties. Certain issues in which short covering has been pronounced of late yielded to renewed pressure. Among these were Sears Roebuck, General Electric and American Woolen. The bull movement engineered by a prominent speculator who has been credited with being bearish until lately has not been a startling success. The public apparently does not believe strongly in a bull market at present and an upward flurry is without its traditional lure. On the other hand, investors are active and in the bond group some issues have shown most pronounced strength and activity. The feature of the day was the enormous trading and sharp rise in the Mexican bonds, particularly the 5 per cents. The prospects for recognition evl dently have stirred speculative bond buyers to an unusual degree and the fact that more than seven years' back Interest has been accumulating makes these securities look attractive. They opened at 6344, ran up to 59% and closed at 57%. The turnover was very large.—Copyright, 1921, by Public Ledger Company. By MONITOR. Professional operations which have been evident throughout the trading in recent sessions were more clearly indicated when, after an opening drive at Baldwin and Mexican Petroleum, a sharp rally ensued. There was no news to account for the movement in either case and the floor reported transactions in both stocks chiefly for the account of floor traders. Some outside following was brought into the market before the recent advance in prices, but no such public participation was obtained as had been expected. The result of the upward movement in prices was to establish a more optimistic sentiment among public buyers and the placing of orders for the purchase of stocks at or near the levels established last month, a canvas of commission bouses indicates. The big professional element turned again to the short side of the market, when the same houses which were responsible for the general advance attempted to force a rise in steel Monday It is reported that another attempt will be made to force steel to higher levels, with an idea of encouraging public participation. but in the present professional market it is believed offerings would frustrate such a movement. Most of the conservative houses are of the opinion the market as a whole has seen its lowest prices, but are urging their customers to make purchases only on recession.

Directors of the General Motors Cor'poration will meet Thursday to act on the dividend. It is reported the present rate of 25 cents a share on the common will be declared. During the first quar'er the corporation did not earn the dividend, it is understood, but the payment was slightly exceeded by earnings of the second and third quarters, and in authoritative circles it is said that that by the end of the year the full payments will have been earned. Some improvement in the volume of business is reported. Directors of the Midwest Refining Company will meet next month and it is reported they will eleminate the extra dividend of $1 a share which has been paid heretofore. It is understood the ex peeled improvement in the oil situation Las failed to materialize as rapidly as oil men had hoped, making the elimination of the extra dividend necessary. Bankers were in session late in the afternoon and it is understood the conference will continue today seeking the solution of the difficulties of Cuba Cane Corporation. D is understood a plan practically has been perfected by which $10,000,000 of new money will be made available providing always holders of debentures will agree to placing certain obligations ahead of their holdings. A report of the proposed plan will, it is understood, be mailed to debenture hold ers wirhin a few days.—Copyright, 1921, by Public Ledger Company. Weather The following table shows the state of the weather at 7 a. m., Sept. 21, as observed by L\ S. Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind... 29.89 e Rain Atlanta. Ga 30.14 74 PtCldy Amarillo, Texas... 30.12 52 Clear Bismarck, X. D 29.70 48 Clear Boston, Mass 30.30 58 Cloudy Chicago, 111 29.70 00 Cloudy Cincinnati, Ohio 29.88 70 Clear Cleveland, Ohio 29.82 74 Rain Denver, Colo 30.04 44 Clear Dodge City, Kan.. 30.12 40 Clear Jacksonville, Fla... 30.14 50 Clear Kansas City, Mo.. 30.00 02 Clear Louisvilie. Ky 29.92 70 Clear Little Rock. Ark... 30.04 74 Cloudy Los Angeles, Cal 29 94 50 Clear Mobile, Ala 30.12 70 Clear New Orleans, La... 30.10 78 Clear New York. N. Y... 30.24 04 Bain Norfolk. Va 5J.24 08 Katn Oklahoma City 30.00 02 PtCldy Omaha. Neb 29.94 54 Clear" Philadelphia, Pa 30.18 64 Rain Pittsburgh, Pa 29.94 70 PtCldy Portland, Ore 30.00 60 Cloudy Rapid City, S. D.. 29.90 52 Clear Roseburg, Ore. ... 30.000 00 Cloudy San Antonio, Texas. 30 00 76 Clear San Francisco, Cal. 29.91 56 Clear St. Louis, Mo 29 92 60 Cloudy St. Paul, Minn.... 29.52 54 Cloudy Tampa, Fla 30.12 78 Clear Washington, D. C\. 30.12 68 Cloudy WEATHER CONDITIONS. The northwestern storm la moving slowly eastward and is now centered north of Lake Superior, extending thence southward across the laikes region. Rains bare occurred in connection with the disturbance over that area, ana from tile middle Mississippi Valley to the midddle Atlantic coast- Temperatures are higher In front of the disturbance from Michigan and Ohio to New England, but considerably loner to the westward at far as the Rocky Mountains. CORN AND WHEAT BULLETIN. •For the twenty-four hours ending at 7 a. m„ Thursday, Kept. 15. 1921: Temper ature. - __ £ Sri Stations of g Indianapolis *,■ f SJjS „ § District if g=2 |= x i-c ts* 5S 3.8 lfci?£ Sss South Bend :771 57 | 0 I Good Angola 81 '59 I 0 1 Good Ft. Wayne SO 158 0.04 Wheat field 82 55 0.33 Good Royal Center so ! 54 0.02 Good Marlon 85 58 j 0 Good Lafayette 83 e.O J 0 Good Farmland 88 60 0 ! Good Indianapolis 83 01 0 | Good Cambridge City.. 86 ’O2 j 0 Good Terre Haute 80 ]66 i 0 Good Bloomington .... 88 :64 | 0 Good Columbus 86 67 0 Rough Vincennes 90 \69 | 0 Good Paoll 86 ;07 1 0 Good Evansville 90 i72 | 0 j *. H. ARMINGTON. " Meteorologist, Weather Bureau.

N. Y. Stock Exchange

—Sept. 20— Trev. High. Low. Close, close. Allied Chem.. 42 41*4 41% 42 V* Ajax Rubber.. 22% 22 22 % 21% A Ills-Chalmers. 34 83% 34 :K;% Am. Agricul 34% 34 Vs 34% 35 Am. Beet Sugar 28 28 28 2^ A. Bosch M. Cos. 33%' 33% 33% 33% Am. Car & F .125% 125 123% 120% Am. Cotton Oil 19% 19% 10% 20 Am. H. &L. Cos 10% 1014 10% 11 Am. H. &L. pfd. 50% 50% 50% Am. Can 27V4 27 27% 27% Am. Inter. Corp. 30% 29% 30% 30 Am. Linseed... 24 23% 23% 24% Am. Locomotive 88% 88 88% 88% Am. Smelt. &R. 36% 36V4 30% 35% Am. Sugar Ref. 6"% 61% 02 62% A. Suma. T. Cos. 42% 41% 42% 42% A. Steel Found. 24% 24% 24% 24% •Am. Tel. & T. 106% 106% 106% 108% Am. Tobacco.. 124% 123% 123% 123 Am. Woolen .. 74% 72V. 72% 73% Anacon. M. Cos. 37% 37% 37% 37% Atchison 85% 85 85% 85% At. G. & W. I. 26% 23% 23% 26 Baldwin Loco. 86% * 84% 85% 38 B. A 0 38% 37%, 37% 38 Beth. Steel (B) 54% 53% 53% 54% Cal. Pete 35% 35% 35% 85% Canadian P. R. 112% 112% 112% 112% Central Leath... 28% 27% 27% 29 •Chan. Motors 43% 41% 42% 46 C. & 0 54 ‘ 54 54 54% Chi., M. &St P. 25% 25 25 25 C., M. &S.P. p. 38% 38V* 38Vi 38% Chi. &. North... 65% 65 65% 65% C., Rock I. &P. &3% S3 33 33% CKI & P 6pet p 63% 65% 65% .... CRI & P 7pct p 77Vi 77% 77% Chili Copper .. IT 10% 10% 10% Chino Copper... 23 23 23 23% Coca Cota 34% 34% 34% 84% Colurn. Gas. 50% 50 ' 50% 50% Colum. Graph.. 4% 4% 4% 4% Consol. Gas 88% 87% 87% 87% Cos Jen Oil. 24% 24 ” 24% 25 Corn Trods 74% 73% 73% 73% Crucible Steel.... 61% 60 61% 61' Cub. Am. Sugar. 13% 13% 13% 13% EnJlcott 04% 63% 63% 64 EDe 12% 13% 13% 13% Erie Ist pfd... 18% 18% 18% 18% Fun. Players... 55 52% 52% 62% Fish Rub. C 0... 10% 10 10 10% Gen. Asphalt... 49Vi 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% 50 50 50% Illinois Central 95 95 95 95 Inspiration Cop. 33% 33% 33% 33% Interboro Corp 2% 2% 2% 2% Invisible 0i1... 7% 7% 7% 7% Inter. Harvester 79% 75% 79% 79% Inter. Nickel.. 13% 13% 13% 14 Inter. Paper.. 48% 47 47% 47% Island O. & T. 2% 2% 2% 24, Kan. C. South. 26% 2 1 26 25% Kelly-Spring. T. 41% 41% 41 41 Kennecott Cop. 19% 19% 19% 19% I.acka Steel... 41% 41V* 41% 41% Lehigh Valley. 51% 51% 51*4 51% Lee Tire 25% 25% 25% 26 Loews. Inc 13% Marine com... 8% 8% 8% 9 Marine pfd 43% 43% 43% 44% Maryland 0i1... 17% 17% 17% 18 Mont-Ward ... 19% 17% 17% 18% Mexican Pete... 110% 106% 107% 110% Miami Copper.. 20% 20% 20% 214 Mid. Sts. 0i1... 12% 11% 11% Tj Midvale Steel... 26% 25% 26u. 26 Mo. Pacific 19% 19% 19% 191Mo. Pacific pfd. 39% 38 38 38% Nat. Fn. & Stp. 36% 35% 35% 37% c " n rop - 107 i<*% i*>% n •V Y. Central... 7,% 71% 71% 71% New Haven 14% 14 14 14% Norfolk & W ... 95% 95% 95% 95% North. Pacific... 77% 76'J 76’v 77'? Ok. P. & Us. Cos. 1% 1% ,t 2 jt? Pacific Dll 35 84% 34% 34% Pan Am. Petrol. 51% 43% 49 51 Penna. Ry 33% 38% 38% 38% People's Gas.... 53% 5:;% 53% 53 Pierce Arrow ... 12% 11% 12% 12% Per* Marquette. 19 19 19' 797/, Pull. Pal. Car... 92% 91% 92% 93 Ry. Steel Spring 63% 93 9! 93% £ ur * 00l 24% 24% 24% 24% Reading 70% 09% 60% TO'.! Rep. Iron A: Stl. 51% 50% 50% 51 Replogle Steel... 34 24 24 25% Roy D. of N. Y. 47% 46% 47 46% Sears Roebuck.. 83% 87% 87% Sinclair 19% 13% inti 19% Rloss-Sheffield .38 s * 3.8 39 South. Pac 77% 77 77 77 South. Ry 20% 20% 20% 20% StL.4S.YV. Ry.. 24 24 24 24 Stand Oil. N. .1137% 137% 137% . .. St.L A-S.F. com.. 23% 23% 23% 23% Strnmberg Csrb. 31 31 31 32 Studebaker 74% 72% ”3 74 Tenn. Copper... 8% 8 8 Texas Cos .35% 35 35 % 36% Ter. & Pac 22% 22% 22% 22% Tobacco Prod... 67% 66 06 % 67% Transcont. Oil . 7% 7% 7% 7% Fnion Oil 18 1.8 is is 8 Union Pac 120 119' 119% 120 Unit. R. Stores.. 53 52 " 52% 52% I'. S. Food Corp. 13% 12% 13% 12% •United Fruit.. 107% 107% 107% 108% United Drug .55 54 % 04% 04% U. S. Ind. Alco. 46% 45% 46 40% U. S. Rubbers.. 48% 47 47% 48‘ U. S. Steel 79 77 % 77% 78% U. S. Steel pfd.109% 109% 109% 109% Utah Copper 48% 47 49% 4.3% Van. Steel 31% 30% 30% 30% Vir-Car. Chem.. 29% 29% 29% 29% Wabash 7% 7% 7% 7% Wabash Ist pfd.. 30% 20% 20% 20% Western Union . 83 83 83 82% West Elec 44 44 44 41 Willys-Over .... 6 6 0 6 Wilson & 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. High. Low. Close, close. L B. 3%s 88.00 87.74 87.80 87.66 L. B. Ist 4s 89.20 L. B. 2d 4s 89.30 89.00 89.30 89 00 L. B. Ist 4Vis 89.40 89 10 89 23 Sw 14 L. B 2d 4%s 89.42 89 18 89.34 89.10 L. B. 3d 4%s 93.00 92 84 92.94 92.82 L. B. 4th 4Vi5.... 89.58 89.36 89.54 89.32 Victory 3%s 99.14 99.06 99 12 99 06 Victory 4%s 99 14 99.04 99.12 99.08

CHICAGO STOCKS. (By Thomson A McKinnon.) -Sept. 20Open. High. Low Close. Armour pfd 90% 81 90% 91 Ar Leather 12% 12% 12% 12% Carbl A Carbo.. U% 44% 44% 44% Libby 7% Mont-Ward 18% 18% 18 18 Nat. Leather 0% 8% 0% 0% Swift &Cos 94% 9-<% 94% 94% Swift Internat.. 23% 23% 22% 23 NEW YORK TERPENTINE. NEW YORK. Sept. 21.—Turpentine sold at 77c per gallon in trade on the market here today. Prleea have been steadily going upward for the past week or more and will probably continue that trend for some time to come. NEW YORK WOOL. NEW YORK, Sept. 21.—Trade in wool was active on the market here today. Domestic fleece, XX Ohio, was quoted at 23®38e per pound • domestic pulled, scoured basis, *t 18ta>07e and Texas domestic scoured basis, at 40<2,75c. NEW YORK METAL MARKET. NEW YORK, Sept. 21.—Copper—Quiet ; spot to November, offered ll%c. Lead - Quiet; spot to October, offered 4.72%e. Spelter—Quiet; spot to October, offered 4.20 c. Local Curb Market (By Newton Todd.l —Sept. 21Bid Ask American Hominy com 17 Brazil Sterling 4Ci 37% 38% Burdick Tire and Rubber.. 1% 2% Capital Film Cos % 1% Central and Cast Oil 1% 4% Choate Oil Coru 1 14. Columbian Fire Ins. Cos 0 1 % Comet Auto 1% 2% Dayton Rubbee Unite ....V. 01 70 Duesenberg Motor Units ... 68 08 Duesenberg Motor com 10 Elgin Motor Car 8% 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 5 Hurst A- Cos., com 1 3 Indiana National Ban's 255 205 Indiana Rural Credits 48 03 Indpls. Securities ifd 1% 2% Majestic Tire 12 17% Metro. 5-50 e Stores com 12 10% Metro. 5-50 e Stores pfd 30 35 Revere Motors % % Rub-Tex Units 17 21 State Savings and Trust Cos. 88 93 Stevens Duryea Units 55 65 Stevenson GenrPUntted .... 4 5 U. S. Automotive Units .... 80 85 U. 8. Mf* Cos. Units 185 175

STOCK MARKET TONE IS STRONG Advances of Fractions to Over 2 Points Are Sustained. NEW YORK, Sept. 21.—Prices were somewhat Irregular at the opening of the stock market today. Business was on a small scale and generally price changes were confined to fractional limits. Steel common rose % of a point to 78c. Mexican Petroleum, selling ex dividend 3 per cent, rose 1 point to lte%. Royal Dutch was % of a point lower at 46% and United States Rubber yielded % of a point to 46%. Baldwin Locomotive, after selling off % of a point to 85%, came back to 85%. United States Food Products was again under pressure, yielding over 2 points to 11%. The list turned strong shortly after the Initial irregularity, prices advancing from fractious to 2 points above the opening figures. American Iniernatlonal featured the trading, showing a gain of 2% points to 33. Baldwin Locomotive rose from a low of 85% to 87. Steel common rose 1 point to 78% and American Locomotive advanced 2% points to 90%. The oil stocks were in good demand. The rails also shared in the upturn. (By Thomson & McKinnon.) —Sept. 20— Following the rather serrre 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 of some explanation for it cannot be found either in the money market, where all is satisfactory, or in the state of trade, where improvement is being reported dally. The only plausible explanation that cor be offered is that there was n lack of harmony and the time was not opitortune 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 the quality of permanency and, if it is true the condi tions In this country are progressing and factory production increasing, then declines will be temporary as bulges are in a period of depression. CLEARING HOUSE STATEMENT. NEW YORK, Sept. 21—Federal Reserve Rnnk credits. $52.500.000; exchanges, $631,900,000; balances, $50,600,000. TWENTY STOCKS AVERAGE, NEW YORK, Sept. 21.—Twenty Indus dustrial stocks Tuesday averaged 69.43, off .63 per cent. Twenty active rails averaged 72.04, off .24 per cent. Money and Exchange Indianapolis bank cleartngs Wednesday were $2,706,000, against $2,924,000 fur Wednesday of last week. NEW YORK, Sept. 21.—The foreign ex change market was steady at the open ing today, the leading exchanges being quoted around last night's closing figures. Demand Sterling was %c higher at $3.71%. Francs cables yielded 2% eeu times to 6.98 c for cables and o.9ic for checks. Marks dropped 4 points to 91c. Lire cables were 41.3 c; checks, 41.2 c. Belgian cables were 6 95c; checks, 6 94c. Guilder cables we re 31.55 c; checks, 31.53 c. MOTOR SECURITIES. (By Thomson A McKinnon —Sept. 21 —Closing— Bill. Ask Packard com 5% 6% Packard pfd 59% 60% Peerless . 35% 39 N'atiouul Motors 2 5 Paige Motors 14 ....

NEW YORK CALL MONEY. NEW YORK, Sept 21.—Money: Cnll money yesterday ruled 4% per cent; high, 4%; low. 4% per ceut. Time rates steady, all 5%®5%c; paper steady. Sterling exchange was steady, with business in bankers' bills at $3 71 for demand. ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Sept. 21— —Opening—- / Bid. Ask Anglo-American Oil 15 15% Borne Scrymser 325 350 Buckeye i’ipe Line 79 1-1 Chesebrough Mfg. Cons 113 150 Cont. Oil, Colorado I**B lit Cosden Oil aud Gas 5 6 Crescent Flpe Line 24 26 Cumberland Pipe Line 115 120 Elk Basin Fete 5% 5% Eureka i'tpe Line 72 75 Galena Signal Oil, Pref 80 S3 Galena-Signal Oil, Com. ... 33 35 Illinois Pipe Line 130 153 Indiana Pipe Line 74 76 Merritt Oil 0% 7% Midwest Oil 2% 2% Midwest Kfg. .. 135 145 National Transit 24% 26 New York Transit 144 * 149 Northern Pipe Line 85 89 Ohio Oil 227 23*> Oklahoma P. & R 3% 4 Penn. Mex 18 20 Prairie Oil aud Gas 433 442 Prairie Pipe Line 181 184 Sapulpa Refg 8 3% Soiar Refining 340 300 Southern Pipe Line 70 73 South Penn Oil 167 170 Southwest Penn Pipe Lines. 52 55 Standard Oil Cos. of Ind. ... 70 70% Standard Oil Cos. of Kan. .. .53*1 545 Standard Oil *.'o. of Kv. ...380 390 Standard Oil Cos. of Neb. ...145 150 Standard Oil Cos. of N. Y. ...318 322 Standard Oil Cos. of Ohio ...360 370 Swan Sc Finch 80 85 Vacuum Oil 240 245 Washington Oil 23 28 J NEW *U„n CURB. (By Thomson A McKinnon.) —Sept. 20— ■ -ClosingBid. Asked. Curtis Aero, com 1 3 Curtis Aero, pfd 15 First National Copper 50 00 Goldfield Con 5 7 Havana Tobacco 1 1% Havana Tobacco pfd 4 6 Jumbo Extension 3 5 International Petroleum 10% 10% Mpissing 4% 4% Standard Motors 3% 6 Balt Creek 10% 10% Tonopah Extension 17-16 1% 7’onopan Mining 1% 1% U,Uted P. 8. now 15 16 17 16 U S. Light and Heat 1% 1% U. S. Light and Heat pfd. .. 1% 1% Yukon Gold Mine Cos 85 01 Jerome 20 22 New Cornelia 13% 14% United Verde 23 25 Sequoyah 3 6 Omar Oil 94 96 Rep. Tire 20 23 NEW YORK RAW SUGAR. NEW YOKK, Sept. 21.—Raw sugar valuel were firm here on the market today, Cubes selling at 4.61 c per pound, duty paid, while Porto Ricos were quoted at 4.25 c per pound, delivered. NEW YORK REFINED SUGAR. NEW YORK, Sept. 21.—Trade was ; rather quiet in refined sugars on the i market here today, but prices held firm. | Both fine granulated aud No. 1 soft we”e j quoted at 5.00®5.65 per pound. NEW YORK COFFEE. ' NEW YORK. Sept. 21.—Coffee values were steady ou the exchange here today, opening options being 1 to 3 points higher Rio No. 7on spot sold at 7%c per pound. NEW YORK RICE, NEW Y’ORK, Sept. 21.—Rice prices were firm in trade on the exchange here today, domestic selling at 3%®7%c per pound. NEW YORK HIDES. NEW YORK, Sept. 21.—Trade in hides on the market here today was quiet and prlees steady, with native steer hides selling at 13%c per pound and branded steer hides at 13c. NEW YORK PETROLEUM. NEW YORK, Sept. 21.—Petroleum p ices were strong on the market here today. Pennsylvania crude oil selling at $2.29 a barrel.

INDIANA DAILY TIMES, WEDNESDAY, SEPTEMBER 21,1921.

New York Bonds (By Fletcher-American Cos.) FOREIGN GOVERNMENT BONDS. —Sept. 21— Bid. Ask Arg. (unlisted) 5s Sept. 1, '45 .64 % 65% Belgian 6s, Jan. 1, '25 94% 95 Belgian 7%5, June 1, '45 101% 101% Belgian Bs, Feb. 1, '4l 101% 101% •Belgian Rest ss, Opt., '34... 63 67 Berne Bs, Nov. 1. '45 101% 101% Chile Bs, Feb. 1, '4l 98% 98% Chinese (Huguung Ry.) 5s June, 'sl 40 47 Christiania Bs. Oct. 1, '45....101% 101% Copenhagen 5%5, July 1, 44. . 81% 82 Danish Mun. Bs, Feb. 1, '45... 102 102% Denmark Bs, Oct. 15, '45 102% 103 •Canadian 5%5, Dec. 1, '22.... 87 % 89 •Canadian 5%5, Nov. 1, ’23... 87 88% •Canadian 5%5, Nov. 1, '24... 85 % 86% •Canadian ss, Dec. 1, ’25 81% 85% Cauudian ss, Apr. 1, '26 93% 94% •Canadian 5%5, Dee. 1, '27... 86 “-a 88 Canadian 5%5, Aug. 1, '29. .. 93 % 94 Canadian ss, Apr. 1, '3l 90% 91 •Canadian os, Oct. 1, '3l 82 83% •Canadian 5% 5 . Nov. 1, '33... 86% 87% •Canadian 5%5, Nov. 1, '34... 83% 85% Canadian ss, .Mch. 1, '37 80 88 •Canadian 5%5, Dec. 1, '37... 87 % 89% •French (Vlct.) 3s, Opt., 'SI.. 54 55% •French 4s, Opt., '43 44 45% •French (Prem.j ss, issue '2O 65 65% •French 6s. Opt., '3l 64% 66% French Bs, Sept. 15. 45 100% 100% •Italian (Treas.) 6s, Ap. 1, '2O 41 43 •Italian (war) 5s 81 32 Jap (first) 4%5, Feb. 15, '25.. 31 82 Jap (second* 4%5, July 10, '25 85% 85% Jap 4s, Jan. 1, '3l 69% 70% Norway Bs, Oct. 1, '4O 105% 106 Farts os, Oct. 15, 21 99% l'K) Russian o%a, June 18, '19.... 14% 10% ltussiau 5%5, Des. 1, '2l 14 10 •Russian 5%a, Feb. 14, '2o. 4 6 Sao Paulo 8s Juu. 1, '3O 99% 99% Swedish 6s, June 15, '39 89V* 89% Swiss 5%5, Aug. 1, '29 89'/* 90% Swiss Bs, July 1, '4O 106 106% U. K. 5%5, Nev. 1, '2l 99% 100 U. K. 5%5, Nov. 1, '22 89% 89% U. K. 5%5, Aug. 1, "29 89% 89% F. K. 5%5, Feb. 1, '37 89% ... •U. K. (Victory) 4s, issue '29.275 286 *U. K. (war In.) &s, Oct. J.'22.373 383 •U. K. war In.) ss, Feb. 1, '29.363 8.3 Zurich Bs, Oct. 15, '45 101% 102 •Internal loans. CORPORATION BONDS. Bid Ask Alum. Cos. of Am. 7s Nov., ’25 . 98 98% Am. Cotton Oil 6s Sept. 2, ’24 89 % 90% Amer. Tel. 6s Oct., '22 99% 994* Amer. Tel. 63 Feb., "24 98% 98 y* Am. Thread 0s Dec., "28 97 97% Am. Tob. 7s Nov., '22 100% 101% Am. Tob. 7s Nov., '23 101 161% Anaconda 6s Jan., "29 90 % 90% Auacomla 7s Jan., '29 94% 95% Auglo-Am. Oil 7%s Apr, '25..101 101 % Armour 7s July 15, '3O 98% 99 Atl. Ref. 6%s Mch., '31..... .101% 101% Bell Tel. of Can. 7s Apr.. '25.. 97% 98% Beth. Steel 7s July 15, 22. .. 99% 100% Beth. Steel 7s July 15. "23.. 98% 98% Can. Pac. 6s Mch. 2, '24 08 % 93% Cent, Arg Ry. 0s Feb., '27 84 % 85% C. R. !. Sc P. 6s Feb., "22 ... 99 % 99% Con. Gas 8s Dec., '2l 100% 100% Copper Exp. 8s Feb. 15, "22. . 100% 101% Copper Exp. 8s Feb. 15. ‘23 .100% 101 Copper Exp. 8s Feb. 15. ‘2+.. 101% 101 s Copper Exp. 8s Feb. 15, '25..101% 102 Cudahy 7s July 15, '23 oe-,* led Fed. Bug. 6s Nov., "24 90 97 Goodrich 7 Apr. "25 91 V’- % Gulf Oil 6 July, 1 23 07% 93 Gulf Oil 7 Feu., ’33 99-* 99% Hocking Val. Us Mch.. ‘24 . . 93 MVi, Humble OH 7s Mch. 15, '23.. 97% 97% Int. R. T. 7s Sept. '2l 75 * .0 K. C. Term 0* Nov. 15, '23 . . . 08 98% Kenn. Copper 7s Feb., '30.... 94% 95 Laclede Gas 7s Jan., '29 92 93 Lig. A Myers 6s Dec., '2l 100 100% Proctor Si G. 7s Mch., '22 ...100V* 100 q Proctor Si G. 7s Mch., "23 .100% 101% Pub Sor. N J. 7s Mch., "22. . 96 96% R ,T. Reynolds 6s Aug. '22 . 99% 100% Scars Roebuck 7s Oct. 15, "21.. 99% 100% Scars Roebuck 7s Oct. 15, "22.. 98% 99 Honrs Roebuck 7s Oct. 15. '23.. 95% 98 Sinclair 7%s May 15, '25 92 02% Solvav A lie 8s Oct.. '27 99% 100% Sou. Ry. 6s Mch., '22 98 % 98% S \V. 'Bell Tel. 7s Apr.. "25.. 97 97% .Stand. Oil (Cal 1 7s Jan.. HI .103% 104% Stand. Oil NY 7s Jan ,'25 31 102 105 St. Paul I D 5%s Dec. 15. '23. 97% 98 Swift 7s Oct. 15. "25 99 % 99% Texas Cos. 7s Mch. 1. '23 99% 100% Utah Sec 6s Sept, 15, '22 93 % 94% Waltham Watch 6s Aug., '24.. 99 93 Western El. 7s Apr.. '25 100% 101% Westlughouse 7b May, '3l. .102% 103%

Local Stock Exchange Sept. 21 - BTCH KS. Bid. Ask. Jnd. Ry A Light com X> Did. Ky. A- Ugbt pfd 75 .... Indpls. A S. E, pfd .... Indpls. St. Ry 43 4t T H I A L. pfd T. H 1 A E. com T. H. I A E. pfd U. T. of Did. com 1 U. T. of Ind. Ist pfd 7 U. T. of Ind. 2d pfd 2 Advance Rumley com .... Advance - Rural ey pfd .... Am. Central Life .... Am. Dtveotlng pfd 01 .... Belt It. K. com 53% 62 Bolt It R. pfd 42% 30 Century Blilg Cos. pfd. ... 01 . ... Citizens ads Cos. 22% 25 Dodge Mfg. Cos. pfd Home Brewing 02 .... Did Hotel i-i.ni 50 Ind Hotel pfd 93 Did. Nat. Lif Ins Cos 3% Ind. Title (juarantry Cos 03 Ind. Pipe Lines 73 Indpls. Abattoir pfd 49 Indpls. (las 4* 00 Indpls. Tel. Cos. 'oin •.. .... Indpls. Tel. Cos. pfd Mer. l’ub. Util, pfd 40 Nat l Motor Car Cos 2% 8 Pub. Sav. In*. Cos 4 Rauh Fertilizer pfd 40 .... Standard Oil of Indiana .... 09 .... Sterling Fire Ins. Cos 6% 7% Van Camp Hdw. pfd 90 100 Van Camp Prod. Ist. pfd 9* Van Camp Prod. 2d pfd 300 Vandfilla Coni Cos. coni 5 Vandnlia Coal Cos. pfd 4% 7% Wabash Ry. com 7 8% Wabash Ry. pfd 19 HO YD 8. Broad Ripple 5s 50 .... Citizens St. Ry. 5s 00 Ind. Coke A- Gas 0s 93% Indian Creek Coal A Mine 100 Indpls. S. A South 5s 88 .... Indpls. A Martinsville 5s .... 47 .... Indpls. A Northern 5s 40 45 Indpls. A N. W. 5s 60% .... Ind ills. A S. E. 5s 45 Indpls. S. A E. 58 70 Indpls. St. Ry. 4s 59 Indpls. T. & T. 6s 07 ludpis. Gas Cos. 5s 71 77 T. H. I. A E. 5s 44% .... U. T. of Ind. 5* 47% 64 Citizens aOs Cos. 5s 7.7% .... Indpls. aG-s 5s 71 77 Kokomo, M. A W. 6s 74 .... Ind. Hotel Cos. 2d. 0s 9.7 Indpls. Light A Heat 5s ... 73 80 Indpls. Water 4% 06% ... Indpls. Water 5s ..88 91 Mch. H. & L. 5s 85 New Tel. Ist 0s 94 New Tel. L D. 6s 93% Sou. Ind. Power 5s 92% LIBERTV BONDS. Liberty First 3%s 87.00 Liberty First 4%s 19.20 Liberty Second 4%s K 9.18 Liberty Third 4%s 92.90 Liberty Fourth 4%s ftt.3o Victory 3%s 9s 82 Victory 4%s 98.82 CHICAGO PRODUCE. CHICAGO, Sept. 21.—Butter- Receipts 5 869 tubs; creamery, extra, 42%e; fliß>*, 33%®41c; packing stock, 23®240. Eggs— Receipts, 5,020 cases ; current receipts. 32 ftj.34%<-; ordinary firsts, 30®31c; firsts 3ftMi37c ; checks. 21®23c : dirties, 236} 25c. Cheese—Twins (new), 19ji(<J20%c: daisies, 20#20%c; young Americas, 20® 20%c; longhorns. 20® 21c; brick, 19%® 20c. Live poultry—Turkeys. 35c; chick ens, 22c; springs, 22c; roosters, 17c; geese, 20c; ducks, 23@25c. CLFYELAND PRODUCE. CLEVELAND. Sept. 21.—Butter Extra in tubs, 47@47%c; prints, 48@48%c extra firsts, 46@40%c; firsts, 45®4!5% . seconds. 30@36%c; packing stocks, 21® 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@21e; roosters. 16c; broilers, 23®24c; live ducks, 20@26c. WHOLESALE BEEF PRICES. The follow 1 " ' are today's wholesale prices for bet .-uts as sold on the Indianapolis mark t: Ribs—No. 2,25 c; No. 3,20 c. Loins No. 2. 19c; No. 3.17 c. Rounds—No. 2. 17c; No. 8. 14c. Chucks—No. 2, Sc; No. 8, 7a. Plate*—No. 2. 8c; No. 8, Tc.

PRICES ON LIGHT SWINE HIGHER Heavy Hog Values Are Steady —Veal Calves Strong. RANGE OF HOG TRICES. Good Good Good Sept. Mixed. Heavy. Light. 15. $8.15® 8.25 $7.50® 8.00 $8.40® 8.50 15. 8.15® 8.25 7.75® 8.00 8.40® 8.50 16. 8.15® 8.25 8.00 8.40® 8.60 17. 8.50 B.oo® 8.25 8.50® B.GO 19. 8.50 8.50 8.25© 8.50 20. 8.35 8.35 8.10 21. 8.35 8.35 . 8.25 Swine prices were steady to 15 cents higher in trade on the local livestock exchange today, with 11,000 bogs on the market and a good active demand dis played by both shippers with eastern house connections and local packers. Heavy swine were steady, selling at $8.35, with a top of $8.50, and light swine were 15 cents higher at $8.25. The demand tor pigs was not so good as on the market of the previous day, that grade of swine selling at $7.50 ami down. There was a good demand for roughs and prices were strong at $6.250 6.75. Good stags sold along with the roughs, but the commoner grades brought $4.00@ 5.50. The schedule upon which the bulk of the swine were sold was hogs weighing 160 to IKO pounds $8.25 and over 180 pounds $8.35. The bulk of the sales for the day ranged at $8.25(3.9.35. Shippers bought the large part of the hoes on sale. The dullness that has prevailed in trade on the cattle market for the past week was eontinued. The grades of cattle offered were generally poor and values were barely steady to 15 to 25 cents lower on practically ail butcher st 11 ff. A keen discrimination against henvy cattle of no matter tiow good quality is being shown. Packers say that they do not cure for that, kind of cattle now. but that they want the lighter grades. Good heavy steers that last week would have brought $9, yesterday and today brought only $8.50, which was the top price of the market. There was a fair demand for bulls at prices about steady with those of the market of the previous day. Receipts for the day ran close to 600 cattle. With B*V* calves on the market, prices of all grades <>f calves were strong. There was a top of $14.V1 on choice veals, while the bulk of that grade brought [email protected]. There was a fair demand by shippers with Eastern connections for practically all grades of calves. Sheep vnlues were steady, while lamb prices were weak, with 7011 sheep and lambs on the market. Choice lambs that vesterday and the day before brought $9.70 today brought SB, while other grades of lambs showed similar losses In value. HOGS. Best light hogs. 100 *0 200 lbs average $ S 25 Over 300 lbs B.oo® S._s 200 to 300 lbs 835 Sows 6 25® 6 *.i Stags 4 50® 6.00 Best pigs, under 140 lbs ... 7.50 down Top 8 50 Bulk of sules 5.25® 8.35 CATTLE. Prime cornfed steers, 1.300 to 1,8181 lbs 7.50® 8.50 Good to choice steers. I,2**) to 1,300 lbs 7.00® 7.50 Good (o choice steers, I,lo*l to 1,200 lbs 6.50® 7.00 Good to choice steers, 1,000 to 1,100 lbs 6 00® 8.50 Common to medium steers 800 to 1,04*0 lbs 5.50® 600 —Heifers snd Cows — Good to choice heifers 7.75® 800 Medium heifers 6 (H)as 7.00 Common to good heifers .... 5 *K>® 600 Good to choice cows 3.75® 500 lair to medium cows 2.00® 3.00 Cutters 175® 2.75 Canners .75® 2.00 —Bulls— Good to choice butcher bulls 4 75® 550 Bologna bulls 4.00® 4.60 Light bologna hulls 3 25® 4.00 Light to common bulls .... 3.00® 3,25 —Calve*— Cholcs veals 12.50(813.50 Good veals 10.50 11.50 Medium veals B.oo® 9.0) Lightweight veals 7. H)® *SO* Common heavyweight veals . 4 Ou® s.tA> —Stockers and Feeders— Good to choice steers, under 800 lbs 5 00® 6 00 Medium cows 2.00® 3.00 Good cows B.oo® 4.U0 Good heifers 6 50® 7.00 Medium to good heifers 4 00® 6.00 SHEET AND LAMBS Ewes 21'%' 3 50 Bucks . 1 "■"<•4 2.30 Choice ewes and wether lambs 7.00® 8.00 Seconds . 5.50® 0.50 Buck lambs 5.00® 8.00 Cull lambs 2.00® 350

Other Livestock CHICAGO. Sept. 21 Hogs Receipt*. 13,000; market strong to 15c higher; bulk. $0.75®8.40: top, $8.50: heavyweight. $7.65 $(.40; medium weight, $8.25®8.50; light weight, $8 10C(t8.50; light lights. $7 75® 8.15: heavy packing sows, smooth. $6.65 ®7.15; packing sows, rough. $6.35*06.65; pigs. $(*({7.75. Uattle Receipts, 10.060: market mostly steady; calves lower. Beef steers -Choice and prime. $8.40® 10.25: medium and good, $0.10®9; good and choice. $5.10®10.75; common and medium. [email protected]. Butcher cattle Heifers, $4.25, ®9; cows, $3.50®7; bulls, $3.50®0.25. Canners and cutter*—-Cows and heifers. $2 00®3.50; canner steers. $2.75*0,3.00; veal calves (light and handy weight), $7.50® 13; feeder steers, $5®,7; Mocker steers, $4®.6.75: stoeker cows and heifers. s3® 4.70. Sheep Receipts. 28,000; market, fat lambs 25c lower; sheep slow to lower; lambs isi lbs. down), $7.50®9.15; culla and' common. $5®7.25; yearling weth.'rs, $0.20®7.20; ewes, $3*0,4.75; culls and coin mon, $2*02.75; breeding ewes, $5.25®0.50; feeder lambs, $5.75®7.35. CINCINNATI, Sept 21.—Hogs—Receipts, 5,800; market, steady to 25c lower; heavies, $7.70®8.00; mixed and mediums. $8.75: lights, $8.25: pigs, $7; roughs, $6.50; stngs, $5®5.25. Cattle— Receipts, 900; market, generally steady; bulls, stroifg: culces, sl3. Sheep and lambs —Receipts. 1,500; market, weak to 50c lower; ewes. sl®3: bucks. $2: choice lambs, $0.50; seconds, $6®6.50; culls, s3®4. CLEVELAND, Sept. 21— Hogs— Re reipts, 5,000; market 25c lower; york ers, $8.00; mixed. $8.60: mediums, $.8.00; pigs, $5.50®8.60; roughs, $0.50® 7.40: stags, $6.25. Cattle Receipts, 400; market, slow. Sheep and lambs -Receipts, 000; market, 25 cents lower; top, $y Calves —Receipts, 250; market, steady: top, $14.50. EAST BUFFALO, Sept. 21.—TIogs—Re eelpts, 1,280; market, slow-; yorkers, $9: pigs, $9: mixed, $0; heavies. $8.50®8.75: roughs. $5.50®6: stags, $3.75*34.50. Cat tie—Receipts, 325: market, slow; snip ping steers. sß®9 50; butcher grades, $7.50@9; heifers. ss®B: cows. $1.50(05.50; bulls, $3(05.50: feeders. $4.75(05.75; milk cows anti springers. s3s® 145'. Calves Receipts, 250: market, slow: cull to choice, ss® 14.50. Sheep and lambs—Receipts. 2,200: market, slow; choice lambs, $9.50®9.73; cull to fair. $6.30(09.25: yearlings. s6®7: sheep, [email protected]. EAST ST. LOUIS. 111.. Sept. 21. Hogs Receipts, 10,000; market, K*®lsc higher; mixed and butchers, $8.15® 8.65; good heavies, $7.85*08.40: roughs, ss® 6 25; lights, $8.35(0.8.00; pigs, $7(08.15; bulk of sales, $8.23® 8.55. Cattle—Receipts. 5,500; market steady; native beef steers, [email protected]; yearling steers and heifers. $8 <O9; coks. ss@li; Stockers and feeders, $6 <08; calves. $11.50® 12.70; canners and cutters, $2.20®3.23. Sheep and lambs—Receipts, 2,500; market lower; mutton ewes, sß®4; lambs, $8(08.50; canners and choppers. $102.50. PITTSBURGH, Sept. 21—Hogs -Receipts. 2,500; market, 10c lower; prime heavies, $8,600:8.70; mediums, $8.90®9; heavy yorkers, $8.9009; light yorkers, $8,600)8.75; pigs, $80:8.25; roughs. $607: stags, $4(04.50; heavy mixed. $5.75®)8.85. Cattle—Receipts, less than 100; market, dull. Calves—Receipts. 100; market, steady: veal calves, $14.50: heavy ami thin calves, $6(010. Sheep and lambs Receipts, 500: market, steady; nritne wethers. s4.(jo®s; good mixed, $4®4.50; fair mixed, $3.2503.75: culls and commons, $10,2; lambs, $9.50 down. FLOUR AND MEAL. 16-Z bake bakers’ flour in 98-lb. cotton bags $ 8.80 Corn meal in 100-lb. cotton bags.,,. 1.75

SLUMP STRIKES TRADE IN GRAIN Bears Make Inroads Shortly After Opening of Mart CHICAGO, Sept. 21. —Dumping of large supplies on the market by Eastern operators caused a marked slump in trade in the Chicago Board of Trade today. The bears in roads, started shortly after the opening and continued until the board of trade closed. Provisions were Irregular. September wheat opened at $1.26%, up %c, and closed 3%c lower. December wheat opened up %c at $1.27% and closed off 2%e. May wheat opened off %c at $1.31% and closed 3c lotver. September corn opened up %e at 52%c, and closed %e lower. December corn opened unchanged at 52%c and closed %c lower. May corn opened unchanged at 57%e and closed off %?. September oats opened at 36%c, up %c, and closed off l%c. December oats opened at 3SVic, tip %c. and closed l%e lower. May oats opened st 42%c, up %e, and closed %c lower. (By Thomson & McKinnon) Wheat—Theories of future depletion of surplus are still intact, nut the market is responding to facts, these facts being more wheat immediately available than usual and an absence of important demand. The milling trade is showing more interest in the market and because of the light offerings from firs* hands higher premiums are being paid at interior points. inquiries for good Canadian wheat are also being but important demand, and by "important” we mean “foreign buying.'’ is not discoverable. Inasmuch as we invariably have considerably more wheat than can be consumed at home, the foreign demand is the key to the course of prices, rather than the domestic inquiry. Export bids are reported 4 to 5 cents out of line with the Chicago market and the inquiries from millers is not large enough to absorb the daily receipts, as witnessed by further sales to store for delivery on September contracts. It is not unnatural to expect a reaction, but we are unable to discover any developments which suggest a change in the trend of values Corn and Oats—We have previously referred to the discount of September under December and the December under the May, in both corn and oats. This, in itself, displays a heavy cash situation. We wish now to call yotir attention to the fact that current receipts are relatively heavier than the nearby deliveries. In other words premiums are disappearing and discounts increasing. We expect continuation of dragging tendency. I‘rovlsions—There is a very noticeable absence of interest iji provision market. 5 ulufcs are dragging in sympathy with wheat and under a slow cash trade both foreign and domestic.

CHICAGO GRAIN TABLE. —Sept. 21— WHEAT— Open. High. Low. Close. Sept.... 1.24% 125% 1.22% 1.22% Dec 1.27% 1.27% 124% 1.24% May 1.31% 131% 1.28 1.28% CORN—ept 52% .02% .51% .51% Dec 52% .52% .61% .52 May 57% .57% .50% .56% OATS— Sept 35% .30% .35 .35 Dec 38% .38% .37% .37% May 42% .42% .41% .41% fork—- • Sept 18.50 LARD—•Sept 11.00 Oct 11.10 11.10 10.87 1107 Jan 9.75 9 75 9.60 9 60 RIBS- - •Sept 7.70 Oct 7.70 7 70 7.70 7.70 Jan 8.17 817 5.15 6.15 •Nominal. CHICAGO CASH GRAIN. CHICAGO, Sept. 2; -Wheat- No. 2 red. $1.25%®1.26; No. 2 hard winter, $125%® 1.2’ * ; No. 3 hard winter, $t 22%®1.23. Corn No. 2 mixed, 52%®53c; No. 2 while, 53c; No. 2 yellow. 53®53%c; No. 6 mixed. 60®51c; No. 3 white. 52%®52%c; No. 3 yellow, 52%c. <*st N<>. 2 white. 36%®3(>%c; No. 3 white, 34%®36%c; No. 4 white, 33%®34c. TOLEDO GRAIN TRICES. TOLEDO, Sept. 21. Wheat <'ah and September, $1.*25; December. $1.31; May, $136%. Corn Cash, 66®57c. Oats - 3%®4©%c. Rye sl. Barley -63 c. TRIMARY MARKETS. (By Thomson & McKinnon.) —Sept. 21Wheat Corn. Oats Chicago 150,000 1,023.000 253,000 Milwaukee ... 39,000 100.000 42',0>0 Minneapolis.. 445.000 li.ooo 47.000 Duluth 749,000 87.000 64.000 St. Louis 196.000 0.8,000 97,000 Toledo 20.00<) 8.000 21.CW1 Detroit 6,000 5.000 S.Ooq Kansas City.. 417.1*00 13,000 39.04 k 1 I’eoria ....... 6.000 54.000 31.000 Omaha 96 000 69.000 50.000 Indianapolis. . 3.000 35.000 26.010 Totals ... 2,123,000 1.473.000 684,000 Year ago.. .1,734.000 1.128,000 1,052.000' —Shipments Wheat. Corn. Oats Chicago 103.0*0 35.000 50.000 Milwaukee ... 6.000 265.000 15.000 Minneapolis.. 219.000 19.000 60,000 Duluth 562.000 67,000 St. Louis 236.000 50.000 57,0)0 Toledo 29.000 2.000 47.000 Kansas City.. 342.000 8.000 5,000 Peoria 20.000 49.000 Omaha 165.000 48.000 16.000 indiunapolis.. 7.000 7,000 11,000 Totals 1 669.000 531.000 313.000 Year ago.. .1,0*11.900 253,000 383,000 Cla’-ances— Domes. \V. Corn. Oats New York.... 32.000 Philadelphia.. 131,000 New Orleans.. 319.<*00 Galvestou .... 217,000 Totals 799,000 Year ago... 1,377,XM) INDIANATOLI $ CASH GRAIN. —Sep.. 21— Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat —Easier; No. 2 red. $1.35®1.37. Corn —Easier; No. ** white, 53®53%c: No. 3 white, 52%®Kc , No. 2 yellow, 63 ®53%c; No. 3 yelli w, 52%®53c; No. 2 mixed, 53®53%c; No. 3 mixed, 52%@53c. Oats —Steady; No. 2 white, 37 % ® 38c ; No. 3 white. 38%®37%c; No. 4 white. 35 @35 %c. Hay—Slow; No. 1 timothy. $17.50® 18.50; No. 2 timothy. [email protected]; No. 1 light clover mixed, $16.00@17; No. 1 clover, $16.50®!7.50. —lnspections Wheat—No. 2 red. 1 car: No. 3 red, 2 cars; sample, 3 cars; total, 6 cars. Corn—No. 1 white. 3 cars; No. 2 white, 10 cars; No. 3 white, I car: No. 1 yellow, 3 cars; No. 2 yellow, 6 cars; No. 3 yellow. 1 car: No. 1 mixed. 1 car: No. 2 mixed, 8 cars; total, 28 cars Oats —No. 2 white. 3 cars; No. 3 white. 13 cars; No. 4 white, 9 cars; sample white, 4 cars; total. 29 cars. Rye—Sample, 1 car. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load de Uvered. Hay—Loose timothy, old, $19@21; mixed bay, new, $17@18; baled hay, old, $18@20; new. $17@19. Oats—Bushel, new. 30®35c. Corn—New, 60®62c per bushel INDIANAPOLIS PRODUCE. Butter —Local dealers are paying 39® 40c per lb. for butter delivered in Indianapolis. Eggs—Loss off, 30@32c. Butter—Packing stock. 17@18e. Poultry—Fowls, 18® 24c; springers. 22@25c; cocks, 10@12c young lien 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, 15@18c; spring ducks, 3 lbs. and up, 18c; geese, 10 Hits, ond up, 10@llc; squabs, 11 lbs. to the dozen, $4.50. Butterfut—Local dealers are paying 37c per pound for butterfat delivered In Indianapolis TOLEDO SEED PRICES. TOLEDO, Sept. 21.—Cloversead—Cash and October, $12.55; December, $12.70; February, $12.85: March. $12.80. Alstke— Cash, $10.75; October, $10.75 bid: December. $10.85; March, sll bid. Timothy--1920, cash. $2.45; 1921, cash. $2.50 asked; September and October, $2.60 asked; December. $2.65; January, $2 70; February, $2.75, March. $2.80.

In the Cotton Market NEW YORK, Sept 21.—Some large speculative Interests, \at well as trade, Japanese and New Orleans houses, were food, buyers at the opening of the coton market here today, causing an advance of 39 to 45 points. The advance was sustained for a time after the cal) by purchases by commission houses, prompted by strength at Liverpool and a number of private cables noting a better spot and trade demand there. Advices also were received from Dallas reporting an improved inquiry for the spot article. At the end of the first fifteen minutes the list showed net gains of about 58 points. New York opening cotton prices: September offered 20c; Octet er, 19 75c; December, 20.15 c: January. 20.05 c; March, 20.03 c; May, 19.85 c; July, 19.52 c. LIVERPOOL, Sept. 21—There was better Inquiry for spot cotton at opening of the market today than on the day before. Prices were firm and approximate sales 16.000 bales. American middling fair, 16.96d; good middlings. 16.26d; full middling, 14.26d; middling. 14.06d ; low, 12.96d: good ordinary, 11. Old; ordinary, 11.16*1. Futures opened firm. WHOLESALE FEED PRICES. Ton. Cwt. Acme bran $21.5*1 sl.lO Acme feed 21.50 1.10 Acme midds 21.50 1.25 Acme dairy feed 21 75 2.15 E-Z dairy feed 31.75 1.65 Acme H. & M 31.00 1.60 C O. & B. chop 24 25 1.30 Acme stock feed 24.25 1.30 Acme farm feed 27.50 1.45 Cracked corn 28.50 1.43 Acme chick feed 38.00 2 00 Acme scratch 35.00 1.80 E-Z scratch 31.50 1.60 Acme dry mash 41.00 2.15 Acme hog feed 39.00 2.00 Ground barley 30.50 1 9*l Ground oats 30**0 1.60 Hoxnlick white 27.25 1.40 Rolled barley 36.50 1 90 Alfalfa mol 32.00 1.63 Cottonseed ineal 53.00 2.75 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 at 30c for No. 3 white or better. RESURFACE AND WIDEN STREET Improvements Ordered Made on St. Clair Street.

Over the protests cf a number of property owners led by Charles L. Hutchinson, the board of public works today confirmed resolutions for the resurfacing of St. Clair street from Park to Massachusetts avenues and from Senate 'to Park avenues. The board said it was confirming the resolutions with the under*tendlng that public utilities will move srires from the south side of the street between Meridian and Pennsylvania streets so it may be widened from twenty-four to forty feet as the resurfacing progresses. This block is in front of the public library. J. I>. Forrest, secretary and genera manager of the Citizens Gas Company promised the board service pipes wouli be laid from K.ast Washington street mains to rwbdenis’s as fast as possible. Contractors preparing to resurface the street complaiwd to the board that the gas company, through failure to put in the pipes, were delaying the street improvement. Officials of the Indianapolis Water Company entered objection to the opening of Riverside Parkway from Eighteenth to Pixb-enth streets, claiming the company does not desire its property. through which the si reet would pass, cut into two pieces because they expect to establish large reservoirs there. The board postponed final action uutii Monday. Marriage Licenses Thurman Fleck. 833 X. New Jersey.. 33 I'arollne Herberg. 2339 Ashland Oefford Cavanaugh. 170*1 8. Meridian. 21 Bonnie Goodwin. 1700 S. Meridian U> Ernest Light. 2*Ml E. Michigan 34 Estella O'Brien, 423 V State 2-i Charles Goodpaster. 331S E. 25th 29 Marguerite E. Bladen. *271 N. Jefferson. . John Dusliane, 255 N. Tuxedo 2J> Lillie Whitsit, 235 X. Tuxedo Ilarry Tipton. 2**65 X. Capitol.. 26 Amelia Mendelsohn. 817 S. Meridian... is Births Allie and Mabel Belles, 1337 W. Twenty Seventh, girl Joseph and Minute Mitchell. <ol W. Michigan, boy. . jerry aud Myrtle Miller. 1719 Perkins, B ’Charles and Lillian Trusty, 2553 Shelby, boy. Robert and Minnie Malone, I<4o Boulevard Plaee, boy. Charles and Eulalia Jones, -61 Fletcher, boy. Paul and Anna Muellner, 821 \ ilia, girl William and Margaret Leonard, 1051 W. Michigan, girl. n Bramblett and GolJio Gray, -iwl b. Pennsylvania, boy.

Deaths Karl Chester Anstey. 27. 537 TV. Twentv-Eighth. cerebral hemorrhage. James M. Burnside, 61, 3029 N. Illinois, carcinoma. ~ Margaret Belle Clark. 4<, 2**o9 S. Me; ridlan. general tuberculosis. May Eddlemnii, 90, city hospital, diph therta Catherine Carver, 82. 5330 Obmer, chronic interstitial nephritis. Summit* Maria Keene. 62. 1327 Fark, broncho pneumonia. Florence Bennett Brooks. 66, St. Vincent Hospital, uremia. Francis Marion Elliott, S6, 211( X. Alabama, angina pectoris. Dorothy Adelaide Meuninger. 22, 900 E. Forty-Second, diabetes mellitus. Stephen Ira Holmes, 46, 1823 Montcalm. diabetes nndlltus. Mary Emily Medder, 20, 2261 Ilovey. edema of brain. GIRL SAVES FIVE VILLAGES. GENEVA, Sept. 21.—Dragging herself through the woods after being seriously burned, 13-year old Vera Moron gave warning of a forest fire ihat was sweep ing on five Swiss villages. Back-fires set after her warning saved every village. MEDAL FOR SAVING DOG. STRATFORD. England, Sept. 21 Charles Bangs has been awarded a silver medal by ,the National Canine Defense League for rescuing a dog trapped by fire in a local lumber yard. Bangs nearlj lost his own life In saving the animal. POACHER GETS REVENGE. BALLIEUL, France, Sept. 21— Beeause he was fined for poaching, Francis Longeve poisoned the Tberain River, killing nearly every fish there. He has been sent to prison for two years.

SPECULATION TO RUN RIOT PRIOR TO NORMAL TUR]^ I Business Must Be Coddled Before Getting Back to Healthy Basis. COTTON GOING HIGHER Special to Indiana Daily Ttmoa and Philadelphia Public Lodgor. By C. B. EVANS. CHICAGO, Sept. 21.—The characteristic of business as seen from this viewpoint is irregularity, and after there has been a straight downward course of affairs, irregularity is a good sign for it holds out a certain promise of improvement, and in Itself, is activity. The upshoot of cotton is the phenomenon of the times, and the continued decline in wages contradicts It. The high hopes for wheat, based ou sound promises, are somewhat disappointed in spite of large exports. Steel goes up a little with the unfilled orders of the companies declining. Money goes down at the time when great quantities of it are needed for the salvation of failing concerns, which in number, are larger than ever before. Business is trying to find itself and probably wHI, succeed in the course of a year or two. A view which sees a grand improvement in our affairs on the basis of a few incidents is as broad as the tip end of an eye-lash, but seme time, perhaps not long hence, we shall have enough of them to make out a case. An experienced and successful business man of this city expresses the opinion, apropos recent favorable reports, that steel production may run up to 50 per cent of capacity during the next sixty days, but he doe3 not look for much beyond. Europe is among his reasons for that idea, for Europe he considers is improving little or not at alb But cotton is still going to be one of the big things. It Is his guess that it will “sell higher than wool"—ahlch would certainly be an insult to the simple unoffending sheep. Some cotton sells above some wool already STILT, MANUFACTURED . AT SLIGHT LOSS. A sample on the other side of the aeconnt is a producing concern in this city, known the world over, which with six months supply of its product on hand is still manufacturing at a loss, hoping that some time the "revival in business" will hit its plants pretty hard. This company is a victim of the high cost of coal and labor. Chemicals also enter into its list of supplies and they are not such great offenders. United States Government affairs are one source of worry among the thoughtful. It is sen that we must protect our interests on the Pacific, and there are no battleship bargain counters. It is well to remember that business does not jump right np out of Us bed the moment it is feeUng a little better. Recall the great achievement of the last years of the nineteenth century, when McKinley was elected and the gold standard was avowed by our Government, sweeping the greenback and the cheap silver dollar into the discard. It was nearly two years after that event before the business of the country acquired breadth and speed and confidence. A flea is a lively creature, an elephant

a slow one. Stocks usually advance some time ahead of the events which logically carry thorn up. GREAT PERIOD OF SPECULATION. When the real turn does come—and 1 there Is some motion already—we are goj ing to have one of the greatest periods of I speculation in our history, for the action will not be regular but in rather abrupt curves probably. The country will think that it Is on a billowy ocean in a wherry, i and all sorts of men will get their. The bears will bare great prices over rolling i iliem. with plenty of sharks underneath. 1 and rampant bulls, even if they have fins, will be laid a thousand fathoms under the deep. Most Americans wonld like to see Just i such performances as this going on right now, for we still have a lot of kinks in us. but we must wait on the ; course of events. Sometimes the chemist has to keep his material asoak for monlhs to produce the effects he is seeking. The process now is precisely the same that has been going on for nearly two years. There is no doubt whatever that it has reached a rather advanced* Mage and that the country is in a much healthier pecuniary condition than at any time since 1913. It would be a pity to spoil it all by any artificial devices designed to stop the deflation. Some persons have thought that the im- . portation of large quantities of gold would lead to another inflation, but happily our business men are still too conseiotis of their wounds to engage in anything wild.—Copyright, 1921, by I’ub- , lie Ledger Company. Lodge Promises to Clear Track for 3 Peace Treaties WASHINGTON, Sepfc. 21.—rresidemt Harding today paved the way for quick action ky the Semite in ratifying the peace treaties with Germany, Austria and Hungary. The Prestd'-nt conferred with Senator l odge, chairman of the Senate Foreign Relations Committee, who said I bat as soon as the treaties are received he will endeavor to bring bis committee together to consider them. Senator Lodge said he knew es no great opposition to the treaties. WASHINGTON. Sept. 21.—Denonndng the t>ermai*-American treaty a a “most in*Mirmountuhle ohjttack' to Senator William Borah, Republican, Idaho, member of the Senate Foreign Relation* Committee, announced today that he would both oppose and vote agalaet iU ratification by the Senate. DOVE BRAND HAMS fA TASTE YOU CAN’T FORGET

FEDERAL TAX SPECIALISTS Accounting Systems—Appraisals Reorganizations DONEY, ROGERS & CO. (Incorporated) Hnme-Mansnr Bldg. ESTABLISHED 1917

p