Indianapolis Times, Volume 34, Number 120, Indianapolis, Marion County, 29 September 1921 — Page 10

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MARKET HIT BY IRREGULARITY AND REACTION Sugar Stocks Weaken Under Reports of Reduction in Raw Product. STRIKE THREAT FELT Bt MOXITOB. NEW YORK, Sept. 29.—Irregularity ■with a moderately reactionary tendency furnished the characteristic of Wednesday’s stock market. Sugar stocks were weak under the influences of the bearish sentiment created by yesterday's announcement of reductions in the price of raw sugars and the unfavorable financial status of Cuba cane. Railroad stocks were heavy, with further declines in Pennsylvania and Reading as well as a slight tendency toward reaction in some of the low and medium priced shares. Thus far no great uneasiness is felt over the prospect of a strike by the trainmen, but so long as the threat of su<_h a development Is held over the heads of the carriers, there is no disposition to be extremely bullish ou the railroad outlook. Trobably the firmest tendency, relatively speaking, is being displayed by the copper stocks and some of the oil specialties. There has been very good buying of Cerro de Pasco, partly on account of its low cost copper production and partly on account of the rise in silver. Thera is quite a strong sentimen tin favor of Pacific oil, as it is understood that drilling operations in the company e properties are being undertaken with a view to a large increase in production. General factors, which, however, were of slight Influence in the market, consisted of a docline in German marks to tht new low level of 7S, a some what higher market for cotton and a decline in the grains. The weekly review of the Iron Age attracted attention through its statement to effect that leaders in the steel industry were more confidently hopeful of expanding the activities in the last quarter.—Copy right, 1921, by l’ublic Ledger Company. WALL STREET GOSSIP BY MONITOR. The further decline in German marks to anew low record 3nd weakness in the other continental exchanges, particularly French francs, is causing serious concern to important banking interests. Bankruptcy of the German government Is taken as a foregone conclusion ’and the fear of effect of such a collapse on France politically and on the rest of Europe generally is frankly stated by these bankers.

There are gome financial Interests who ere of the opinion that the large accumulations of gold by the Federal Reserve Bank are being male for the purfiose of meeting such a situation with ts necessary reflex in the financial affairs of the United Stares. Because of these opinions they are distinctly neutral in their references to the future of securities prices. • * • A report published in a morning paper that the United ts -s Government is preparing to enter suit against the Baldwin Locomotive Works for $10.0<X),000 of back taxes, brought heavy selling into the stock early in the day. The report later was denied at Washington and officials of the company disclaimed any knowledge of the proposed action. Thereafter the stock moved uncertainly, finally closing at about the low price of the day. A long list of railroad reports to the Innerstate commerce commission were made public and were almost a unit in their showing large reductions in gross, with varying percentages of increase in net operating income. In many cases, the executives frankly 3dmit that these favorable resit.ts are made at the expense of maintenance of way, a method which cannot long b* continued, they claim, without seriously impairing the efficiency of the line. Selling in Allied Chemical and Dya was reported as due to profit taking by traders who have purchased stock around the forty level. It Is understood the group in charge of its market also were willing to take some of their profits, although firms that have been active in it recently remain optimistic as to its future movement. • * • Since the announcement of the proposed plan for the consolidation of Burns Brothers and the Farrell Coal Company, the former stock has been strong. Buying ’ms been reported ns for the account of interests identified with the companies, and yesterday Burns Brothers sold at 105, which was four points above Tuesday's close. * • * The advance in silver metal is reported due to the movement of crops in India, which has brought that country into the market as a buyer and to improved general conditions in China and Japan, particularly in the former country. An unusual feature of the Chinese movement ;s that the metal is not going to the treaty ports, but Is being absorbed rapidly by the interior. * • * President Grace of Bethlehem Steel 'Corporation announced the purchase of the Baltimore Dry Dock and Shipbuilding Coloration int“res f s at Baltimore. President Grace declared the yard would continue in operation and supplementing the Sparrows point plant would give the Bethlehem Corporation a complete equipment of dry docks and marine railways.— Copyright, 1921, by Public I-edger Company.

In the Cotton Market

NEW YORK, Sept. 29 —Initial losses of 7 to 24 points were attributed at the opening of the cotton market today to further hedge seliing and rutitiisingr. which offset firmer cables from Liverpool. For a time after the start the list was irregular, but the hehvy buying by Wall street, based on strength In securities, gradually absorbed the hedging and values recovered most of their earlier losses. New York opening cotton prices—October, 20.80 c: December, 21.00 c; January, 20.60 c; March, 20.08 c; May, 13.80 c; July, 10.33 c. (Thomson & McKinnon.) NEW YORK, Sept. 29.—The chief Item in the days news was tho weekly report which Is the last of tho season, again confirming all that has been said with regard to the condition of the crop. Every Item of news coming to market centers confirms present views and sugf;ests strongly a report on the third of •etober that will confirm the small cron idea. It rests with the spinners of the world, whether they will Jeopardize their business by withholding purchases but there seems little likelihood of the owner of cotton changing his idea as to its value. We will, of course, meet with occasional liquidation, but the trend should continue upward as a decidedly higher price is justified. St. Paul August net Income Increased $13,739,0/0. LIVERPOOL. Sept. 29.—There was a good demand for spot cotton at the opening of the market here today. Prices were firm and sale* closo to 14,000 bales. American middlings fair, lS.Tlil; good middlings, Jfi.Sld; full middlings, lo.Tld; middlings. 15.2U1; low middlings, 14.1 id; good ordinary, 13.06d; ordinary, 12.31d. , Futures opened steady. CLEVELAND PRODUCE CLEVELAND, Sept. 2S.—Butter—Extras, in tubs, 49%Si5t)c; prints, 60%<g51c; extra firsts. 48%@49c; firsts. 47%(<i48c; seconds. 38%<539e; packing stock, 21 %@ 23c. Eggs—Fresh gathered, northern extras, 44c; extra firsts, 43c; Ohio firsts, new cases, 40c; old cases, 39c: western firsts, new cases, C7~. Poultry—l ve heavy fowls, 27@29c; light fowls, 19@22c; roosters, 15c; broilers, 28@2*e; live spring ducks, 20@26c. Potatoes—Jerseys, $3.30 . @B.BO par 160-lb. bag; sweet potatoes, : $3.75<g4 per barrel; $1.75 per hamper.

N. Y. Stock Exchange

—Sept. 28— Prev. High. Low. Close, close. Allied Chemical 46% 44% 44% 47 Ajax Rubber... 23*4 22 % 23% 23 Allis Chalmer.s. 33% 32% 32% 34 Am. Agrlcul..., 54% 33 35% 35% Am. Beet Sugar 28% 28% 28% .... Am. Car &. Fdy.127% 127% 127% 127% Am. Ice 59% 59 59% 58% Am. H& L com 10% 10% 10% 10% Am. Can 27% 27 21% 27% Am. Inter. Cor. 34% 33% 33% 31 Am. Drug 4% 4% 4% Am. Loco 89 88% 88% 89 Am. Sm. & Ref. 37% 37% 37% 363* Am. Sugar Ref. 60 58% 60 60% Am. S. Tob. Cos. 41% 40% 41% 40% Am. Steel Fdy. 25% 25% 25% 25% Am. Tel. & Te 1.107% 107% 107% 107% Am. Tobacco.. .12.3% 123% 123% 323% Am. W001en,... 75 74 74 74% Atl. Coast Line 87 SS 88 Ana. Min. C 0... 38% 38 38 38% Atchison 86% 86 86% 86% Atl. Gulf & W.I. 27% 26% 26% 27 Baldwin Loco.. 86% 85% 85% 86% B. & 0 38% 38 38 38% Beth. Steel (81. 86% 53% 54% 54% Can. Pac. Ry... 113 112% 113 113 Cent. Leather.. 28 27*% 27% 28% Chandler Mot.. 43% 41% 42 43% C. A- 0 55% 55% 55% 55% 0.. M & St. r.. 25% 25% 25% 25% C.M. A St.P.pfd. 39% 39 32% 39% Chi. &N\ W... 69% * 67% 68% 09% C. R. I. & P... 33% 33% :% 33% Chili Copper... 11% 10% 11% 30% Chino Copper.. 24% 23% 24 23% Coca Cola 35% 35 85% 36 Columbia Gas . 59% 58% 59% 59 Columbia G. ... 4% 4% 4% 4% Con. Gas 89 88% 89 88% Con. Can 45 43% 41 43% Cosden Oil 26% 25% 26% 26 Corn Prod 78% 77 77% 77% Crucible Steel . 63% 62% 62% 63% C. Am. Sugar ..13 13 13 13 C. Cane Sugar 7% 7% 7% 7% Del. & Lack. ..1058* 105 105% 106 Erie 13 13 13 13% Erie Ist pfd... 18% 18% 18% 19% Famous r 55% 54% 55 54% Fisk R. Cos. ... 10% 10% 10% 30% Gen. Asphalt . 52% 509; 51% 52% Gen. Cigars 59 58% 58% Gen. Elec 122% 122% 122% 123% Gen. M .or* ... 10% 10% 10% 10% Gt. ’ orth. pfd. 74% 74% 74% 75 Gt. North. O. ..28 28 28 28% H. Oil 51% 51% 51% 51% 111. Central ... 96% 98% 96% 96% In. Copper .... 34% ’l% 34% 34% Inter. Corp. ... 2 1 % 2 2 In. C-n 8% 8 % 8% 8% Inter. Har 76% 73% 75% 77 Inter. Nickel ... 13% 13% 13% 13% Inter Paper ... 49 48% 48% 48% I. Oil A- Trans. 2% 2 2 2% K. C. South 25% 25% 25% 26 K. Spring. Tire 41% 40% 41% 41% Lack. Steel .... 41% 40% 41% 41% Lehigh Valley.. 54 53% 53% 54% I.ee Tire 25% Loews. Inc 13% 13'% 13% 13% Loft Candy .... 9% 9% 9% 9% L. & N 109% 109% 109% Marine pfd 45% 47% 48% 48 Maryland Oil .. 16 16 16 16 Mont. & Ward.. 17% 17% 17% 1* Mex. Pet 100% 97% 100% 98% Miami Cop 21% 21 21 Mid. States Oil. 11% 11% 11% 11% Midv. Steel 25% 25% 25% 25% Missouri Pac.... 39% 19% 19% 39% Mis. Pac pfd.... 39% 39% 39% 39% Nat. Lead 75 75 75 ..... Nev. Con. Cop... 11% 11 % 11% 11% N. Y. Central.... 73% 72% 72% 73% New Haven 14% 14% 14% 14% Nor Pacific 77% 77% 77% 77% Pacific OU 36% 36% 36% 36 Pan-Am. Pete.. 48% 45% 45% 48 Penn. Ry 87% 38% 37 37% People's Gas 51 51 51 51 Pieree-Arow .... 32 11% 11% 32 Pere Marquette . 19 39 19 39% Pitts. Coal 60% 59% 60% 59 Pull. Pal. Car. 91% 91% 91% 91% Kv. S. Sprgs... 83% 83% 83% 84 Pure Oil 24% 24% 24% 24% Reading 71% 74% 70% 71% Rep. I. A S. .. 28% 22% 22% .... R. Duth X. Y... 45% 44% 44% 44% S-Roebuck .... 67% 67 67 67 Sinclair 19% 19% 39% 19% So. Pacific 79 78 % 78% 7b% Southern Ry 20% 20% 20% 21 St.L.ASF. com.. 24 23% 24 23% Studebaker 73% 72% 72% 73% Stand. Oil Calif. 72% 72% 72% 72% Texas Cos 35% 85% 35% 35% Tex. A Pac 22% 22 22 Tob. Products.. 65 64 64 % 65 Transcont. Oil.. 8% 7% 8% 8 Union Oil 16% 16% 16% 16% Union I’ae 121% 121% 121% 121% Unit. Ret. Stores 51% 50% 51 51% U. S. Food Pr0d.12% 11% 11% 11% U nited Fruit 108 107% 108 108 United Drug ... 65% 54% 55 54% U. S. Ind. Aico. 45% 45 45 45% U. S. Rubber... 49 48% 49 48% U. S. Smelting. 33 32% 32% 32% C. S. Steel 79% 78% 78% 79% U S. Steel pfd.109% 109% 109% 100% Utah Copper... 50% 49% 50 49% Vanadium Steel. 31% 80% 30% 31% Vir.-Car. Chem. 30% 30% 30% Western Union. 82% 82% 82% 81% Wesths. Elec... 45% 45% 40% 45% West. Air Brake 86 86 86 WUlys-Overland 6 0 6 6 Worth. Pump... 41 40% 41 40% White Oil 7% 7% 7% 8 West. Pac 23% 23% 23% 23 NEW YORK LIBERTY BONDS. —Sept. 28— Prev. High. Low. Close Close. L. R 3%s 88.44 38 34 85.26 88.40 L. B. 2d 4s 90 16 L. B. Ist 4%5... 90 80 90.70 90.70 00.70 L. B. 2d 4%s 9040 90 22 90 36 90 34 L. B. 3d 4Vis... 93.94 93 82 93.88 95.80 L. B. 4th 4%5... 90.62 90.44 90.60 90.58 Victory 3%s 9!*.48 99 46 99.48 99.48 Victory 4%s 99 50 99.04 99.50 99.46

CHICAGO STOCKS. (By Thomson Sc ilcKlnnon.) —Sept. 29 Open. High. Low. Close. Carb. and Carb.. 33% 45 44% 45 Libby 7% 7% 7% 7% Montgy.-Ward .18 18 1734 1734 Natl. Leather, t. % 6% 6% 6% Stewart-Warner 25 25 % 25 25 Swift &Cos 94 94 93% 93% Swift luternatl 22% 22% 22% 22% NEW YORK COFFEE. NEW YORK, Sept. 29.—Trade in eof fee xvas fair and prices steady on the exchange here today. Opening options were to 8 points higher Rio No. 7 on spot sold 8%@8%c per pound. NEW YORK RICE. NEW YORK, Sept. 29,—Rico prices were unchanged in trade on the exchange here today, domestic selling at 3%©73ic per pound. NEW YORK METAL MARKET. NEW YORK, Sept. 28.—Copper—Firm; soot, September October and November, offered 12%e. Lead—Steady: spot. September ana October, 4.70®4.75c. Spelter. —Firm; spot and September, 4.35(,4.45; October, [email protected]. NEW YORK HIDES. NEW YORK, Sept. 29.—Hides were steady in trade on th* market here today. Native steer hides Were quoted at 13%c and branded steer hides at 13c per pound. NEW YORK TI'KPENTINE. NEW YORK. Sept. 29.—Turpentine sold at 74c per gallon in trade on the marker here today. An increase of 2c a gallon was shown. NEW YORK WOOE. NEW YORK, Sept. 29.—Trade in wool was quiet and prices steady on tho market here today. Domestic fleece, XX Ohio, sold at 23(g3Sc per pound; domestic pulled, scoured basis, lS@(S7c. and Texas domestic, scoured basis, 40©75c.

Local Curb Market

(By Newton Todd.) —Sept. 28— Bid Ask American Hominy com 17 Brazil Sterling 37% 38% Burdick Tire and Rubber... 1 o Capital Film Cos * :% 11/ Central and Coast Oil i yi Choate Oil Cort„ 1 Columbian Fire Ina. Cos 6 7U Comet Auto 1% Dayton Rubber I nib? 01 70 Duesenberg Motor units.... 58 68 Duesenberg Motor com 10 ... Elgin Motor Car 8% ’4%; Federal Fin. Cos. pfd 72 82 Fed. Fin. Cos. com 125 135 Gt. Sou. Prod. X Ref. Units. 5% 6% Haynes Motor com ns Hurst A Cos., pfd 42 62 Hurst A Cos., com I 2 Indiana National Bnnx 255 266 Indiana Rural Credits 43 63 luupis. securities pfd 11l 2% Metro, b 50c Stores com 11% 15% Metro. 5-50 c Stores pfd 30 35 Revere Motors ; % % Rub-Tes Units 17 20% State Sfvings & Trust Q 0.... 89 93 Stevens-Duryea Units 56 65 U. S. Automotive Units 90 105 ,U. §, Mtg. Cos. Units ...1.... 165 175

STOCK MARKET TONE IS STRONG Fractional Advances Are Made —Business Is Small. NEW YORK, Sept. 29.—There was a better tone to the stock market at the opening today, small advances being made in practically everything traded in. Dealings, however, continued small. Steel common rose % of a point to 79 and Baldwin Locomotive showed a gain of % of a point to 86%. Mexican Petroleum rose 1% points to 101% and Pan-American Petroleum was % of a point higher at 46%. The rails showed fractional upturn.. Burns Brothers continued in demand, establishing anew high mark at 100%, a gain of over 1 point. Continental Cau and United Fruit rose 1 point each. A feature of the trading was the activity and strength that developed during the first hour in the railroad issues. St. Louis preferred as one of the prominent features, moving up over 1 point to 40% and Southern Pacific was actively bought, moving up % of a point to 79%. Baldwin Locomotive made an advance of 2 points to 87%. Crucible Steel sold from 62% to 64. The oil issues were improved by the further report of advances in crude oil, Mexican Petroleum making a gain of 2% points to 103% ”nd Pan-American Petroleum a pain of 1% points to 47%. Burns Brothers rose 4% points to 109%. (By Thomson k McKinnon.) —Sept. 18— The outstanding feature of the stock market today was dullness, an unusually small percentage of the business coming from commission houses, and the market still dependent on professional operations, for its activity. One of the bright spots in the market is Chicago Northwestern, which was in demand during the greater part of the session. Mexican Petroleum was a sea ture in the days trading. The buying had the appearance of the covering of short commitments. This stock has been the subject of a good deal of unfavorable comment because of its erratic price changes, and occassional strength, therefore is no particular value to the market. Its antics are interesting only to the various groups of professionals who specialize in it. The news of the day was without special interest, and the market is still surrounded bv two major contradictory influences. The favorable one is the gradual improvement in general financial conditions; the an favorable Is the labor situation, especially in railroad circles. Judging from the surface conditions, it would seem reasonable safe to take the position that there will be no strike mainly because the time is inopportune. It seems strange that there should be even a thought of a strike at a time when a national conference at the request of our Government is trying to solve the problem of idleness. But the trouble is that we are dealing with human beings, and th-re is no assurance as to what they will or will not do It therefore seems to us advisable to lie a little reserved and suspend judgment for a few days, until conditions become a little clearer. At oil events some moderate recessions are quite likely. CLEARING MOUSE STATEMENT. NEW YORK, Sept. 29—Exchanges yesterday were $667,100,000; balances. $63,200.000; Federal Reserve Bank credit balances, $40,400,000. TWENTY STOCKS AVERAGE. NEW YORK, Sept. 29—Twenty Industrial stocks Wednesday averaged 70.14, off .16 p--r cent. Twenty active ralis averaged 73 45, off .16 per cent.

Money and Exchange

Indianapolis bank clearings Wednesday were $2,098,000. against $2,766,000 for Wednesday of the week before. NEW YORK, Sept. 29. Foreign exchange opened steady tudax with uemaml Sterling %•• higher at $..71%. Franc* rose % centime to 7.00%e for cables and 7.08%c tor checks. Lire yielded 3 points to 4 05c for cables and 4 04c for ohe-ks. Belgians francs rose 1 centime to 7.05 c for cable* and 7.02 c for checks. Guilder cables were 3i.Soe; checks, 31 7''c. Sweden kronen tables were 22.20 c; checks, 22 15c. Marks were 81% • NEW YORK CALL MONEY. NEW YORK. Sept 29. —Money—Fall money yesterday 5 per cent; high. 5 per cent; low, 5 per cent. Time rates steady: all 5% to 5% per cent. Time mercantile pa[e r steady. Sterling exchange was quiet with business in bankers' bill* at $3.71% for demand. MOTOR SECT ItITIES. (By Thomson a- McKinnon ) —Sept. 29. Closing Bid. Ask. Packard com 5% 5% Packard pfd. 59 <lO% Peerless 36 3$ National Motors ■_> 5 Paige Motors 13 J 5 ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Sept. 29. —Opening--Bid Ask Anglo-American Oil 14% 15 Borne-Scrymser 325 * 350 Buckeye Pipe Line ] 4.7 ir,r> Continental oil, Colo 108 12 Cosden Oil and Gas 4% 0 Crescent Pipe Line 26 27 Cumberland Pipe Line 120 125 Elk Basin Pete 5 5% Eureka Pipe Line 70 73 Galena-Signal Oil, Prof *to 85 Galena-Signal oil, Coin 33 34 Illinois Pipe Line 155 160 Indiana Pipe Line 70 78 Merritt Oil 6% 6% Midwest Oil 2% 2*l Midwest Kfg 135 115 National T ransit. 25% 27 New York Transit 143 147 Northern Pipe Line 83 87 Ohio Oil 233 237 Oklahoma P. A It 4 4% Penn, ilex 18 2b Prairie Oil and Gas 470 490 Prairie Pipe Line l 2 I*s Santilpa Regs 33% Solar Refining 350 370' Southern Pipe Line 70 73 South Penn Oil 170 ]si) Southwest Penn Pine Lines.. 52 55 Standard Oil Cos., Ind 70% 71 Standard Oil Cos., Kan 54* 565 Standard Oil Cos., Kv 380 390 Standard OU Cos., Neb 145 ir,n Standard 0,1 Cos., N Y 318 322 Standard Oil Cos., Ohio 375 385 Swan A Finch 30 35 Vacuum Oil 265 275 Washington Oil ’25 ~30

NEW YORK CURB MARKET. (By Thomson & McKinnon.) —Sept. 29 —Closing—Curtis Aero, com 1 3 Curtis Aero, pfd ir> First Natl. Copper 70 SO Goldfield Con 5 ' 7 Havana Tobacco 2 1% Havana Tobacco pfd 4 6 Jumbo Extension 3 5 International Petroleum i<) Nlpissing 5 5% Standard Motors 3% 414 Salt Creek 9% io% Tonopah Extension 1% 1% Tonopah Mining 1% 1% United P S new 1% j ,vi 6 IT. S. Light & Heat 15 16 17-16 U. S. Light & Heat pfd 1% 1% Yukon Gold Mine Cos 80 90 Jerome 20 22 New Cornelia 13 14 United Verde 25 20% Sequoynh 3 5 Omar Oil 86 90 Rep. Tiro 17 25 Acme Pkg 95 100 Imperial Oil 7% 7% NEW YORK RAW SUGAR. NEW YORK, Sept.. 29.—Trade In raw sugar was quiet hero 011 the market t - day. Culms were quoted at 4.23 e per pound, duty paid, while Porto Ricos hold at 4.125 c per pound, delivered. NEW YORK REFINED SUGAR. NEW YORK. Sept. 29.—Refined sugar values were lower In trade on the exchange here yesterday, fine granulated and No. 1 soft being quoted at 5.50 c per pound. NEW YORK PETROLEUM. NEW YORK, Sept. 29.—Trade in petroleum was slow and prices weak on the market here today. Pennsylvania crude oil sold at $2.50 a barrel.

INDIANA DAILY TIMES, THURSDAY, SEPTEMBER 29,1921.

New York Bonds

(By Fletcher-Amerlcan Cos.) FOREIGN GOVERNMENT BONDS. —Sept. 25. Bid Ask Arg. (Unlisted) 5s Sept. 1, ’45 65 66 Belgian 6s Jan. 1, ’25 95% 95% Belgian 7%s June 1, ’43 102% 103 Belgian 8s l%b. 1, ’4l 101% 101% •Belgian Rest 5s Opt., ’34 63 67 Berne 8s Nov. 1, '45 100% 101% Chile 83 Feb. 1, ’4l 95% 98% Chinese (Huk. Ry.) 5s June'3l 47% 48 Christiania 8s Oct. 1, ’45 101 101% Copenhagen 5%s July 1, '44.. 81% 82 Danish Mum 8s Feb. 1, ’46... 102% 102% Denmark Ss Oct. 15, '45 103% 104% •Canadian 5%a Dec. 1. ’22.. 88 89% •Canadian 5%s Nov. 1, '23 . 87 % 88% •Canadian 5%s N’ov. 1, ’24..%. 85% 87% •Canadian 5s Dee. 1, ’25 Bt% 86 Canadian 5s Apr. 1, '26 94 94% •Canadian 5%s Dec. 1, '27... 86% 88% Canadian 5%s Aug. 1, '29.... 94 04% Canadian 5s Apr. 1, '3l 92 92% •Canadian 5s Oct. 1, ’3l 82% 83 •Canadian 5%s Nov. 1, '33.... 86% 88 •Canadian 5%s Nov. 1, 34 83% 85% Canadian 5s Mch. 1, '37 87% 88% Canadian 5s Mch. 1, ’37.... 87% 88% •Canadian 5%s Dec. 1. ’37 88% 89% •French (Viet.) 5s Opt., ’31... 55 57 •French 4s Opt., ’43 45 47 •French (Prem.) 5s Issue '20.. 65 67 •French 6s Opt.. ’31... 65 67 French 8s Sept. 15, '45 196% 101 •Italian (Treas.) 5s Apr. 1, ’25 39 41 •Italian (War) 3s 30% 82% Jap (Ist) 4%s Feb. 15, ’25 86% 86% •Tap (2d) 4%s July 10, ’25.... 86% 86% Jap 4s Jan. 1. ’3l 71% 72 Norway 8s Oct. 1, '4O 106% 107 Paris 6s Oct. 15, ’2l 99% 100 Russian 6%s June 18, 'l9 13% 16% Russian 5U,s Dec. 1, '2l 13% 16% •Russian 5%s Feb. 14. '26.... 4 6 Sao Paulo Ss Jan. 1, '36 97 98 Swedish 6 June 15, ’39 89Vi 89% Swiss 5%s Aug. 1, ’29 90 90% Swiss 8s Julv 1. ’4O 106% 107 U. K. sV.',s Nov. 1, ’2l 09% 100 U. K. 5%s Nov. 1. ’22 08% 98% K. *%s Aug. 1, '29 90% 91 U. K. 5%s Feb. 1, ’37 89% 90 •I’. K. (Vic.) 4s ssue T 9. . . .277 290 •I'. K. (W Loan) 3s Oct. 1. ’22 360 380 *U. K. ( W. Loan 1 5s Feb. 1. ’29 3CO 371 Zurich 8s Oct. 15, ’45 101% 102 Brazil ,B%s 99% 100% French 7%s 93% 05% Uruguay £%* 99% #9%

CORPORATION BONDS. Bid. Ask Alum. Cos. cf Am 7s, Not., '25 99 % 99% Am. Cotton Oil 6*. Hept. 2, *24 9> 90% Am. Tel 6s. Oct., -22 90% 99% Am. Tel. 6s Feb . '24 98% 99% Am. Thread 6s .Dec.. ’2B 97 % 98 Am. Tob. 7s, Nov., ’22 100% 101% Am. Too. 7s, Nov , '23........101 % 101% Anaconda 6s, Jan., '29 90% 91% Anaconda 7s. Jan., ’29 93 96 Anglo Am Oil 7%5. Apr. ’25..101% 102% Armour 7s, .Tuiv 15. ’3O 100% 10(1% At’nntlo Ref. 6%5. Mch., ’31.. 102% 103 Be!! Tel. of Can 7s. Apr.. ”25.. 97% 98% Be:h. Steel 7s, Julv 13, '22 99% 100% ISerh. Steel 7s, July 15. ”23.... 98% 99% Can. Pac 6s>. M-b. 2, '24 90 90% Cent Arg Itv. 6s, Feb., '27.... 85 86 C. R. I. &P. 6s. Feb., '22.... 99% 99% Con. Gas Ss. Dec.. '2l 100% 100% Copper Exp. s, Feb. *5, '22. .100% 101 Cepper Exp. Bs. Feb. 15, ’23. .101 % 101% Cupper Exp. Ss, Feb. 13, '24.. 101 % 101% Copper Exp. Bs, Feb. 15, ’25..102 102% Cudahy 7s. July 15. '23 09% 100 Fed. Sugar os, Nov . 24 96% 06% Gondrl h 7s. Apr . '25 94% 05% Gulf Oil 6s. July, '23 98% 90 H eking Val 6s Mch . '24 05% 06% Humble Oil 7s. Mch 13. '23 97% 08% Jnt. R. T. 7s. Sept., ”21 78% 80 K. C Term 6s, Nor. 13. '23.... 98 % 94% Keen, Cop 7s, Feb.. '3O 91% 93% I.aclde Gas 7s Jan . '29 94 94% Lig & Mvers 6s, Dec., '2l 100 100% Proctor L G. 7s. Mch., ”22 100% 100% Proctor & G 7s. Mch , *23. ...100% 101% Pub, Ser. N T. 7. Mch., ’22.. 95 % 96% R J. Reynolds 6s. Aug., ’22.. 95 % 96% K J. Reynolds 6s, Aug . ”22 09% 100% Sears Roebu k 7a, Oct. 15, ”21 90% 100% Sears Roebuck 7s. Oct. 15, '22 90 % 99% Scars Roebuck 7s. Oct. 13, ”23 98% 08% Sinclair 7%e. May 15, ’25 02% 92% Solvav £ Cte Bs, Oct, '27.... 100 100% Southern Itv. 6s. Mch . '22 08% Ow S W Beil Tel 7*. Apr.. ”25. .104% 103% Stand Oil (Cal i 7s Jan.. '3l 102% 105% Std Oil (X. Y 1 7s. Jan . '25 '3l 97% 98% Sr Pauli' I>. f %s.Dec. 15,‘23 100% 100% Swift 7s. Oct 15, “25 93% 91% Tcxhs Cos 7s. Mch. 1. ”28 87 9'2 Utah Sec 6s Sept 17. ’22 ... 101% 101% Waltham Watch 6s. Aug., '24 87 92 Western F.l. 7s. Apr, ”25 101 % 101% Weitlnghouse 7s. Slay, '31... .192% 103

Local Stock Exchange

—Sept. 28— STOCKS. Bid. Ask, Ind Ry. A Light c0m...... fa) Ind. Kv. & Light prd 75 I ndpis. A S. E. pfd 75 IndpiSr* N. W. pfd 75 Indpls. St Ry 34 4.1 T. H. 1. A L. pfd 40 T. 11. I. A F. com 5 T 11. I. A E pfd 10 U. T. of Ind com 1 U. T. of Ind. l-r pfd 7 U T. of Ind 2d pfd ... 2 Advance-RuraU y com Advance Burnley pfd ... ... Am. Central Life 200 Am. Creaming pfd 91% ... •Belt U R. com 53% 62% •Belt R. R pfd 41 Century Bldg Cos. pfd 91 f’llizeu* Gas Cos 23% ... Dodge Mfg Cos. pfd Home Brewing 62 ... Ind. Hotel com 60 Ind. Hotel pfd 93 Ind. Nat. Life Ins. Cos 3% ... Ind. Title Guarnty Cos Ind Pipe Lines 7.3 77 Judpls. Abattoir pfd 40 50 In lpls. Gas 40 ... Indpls. Tel. Cos. com 2 ... Indpls. Tel. Cos. pfd 90 ... Mer. Pub. Util, pfd 41 Nat. Motor Car <"o Pub. Sav. Ins Cos 4 ltauh Fertilizer pfd 40 Stand. Oil of Indiaan 63% 72% Sterling Fire Ins. Cos 6% 8 Van Camp Hdw. pfd 90 100 Van Camp Prods Ist pfd Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. com 5 Vundalla Coal Cos. pfd 4% ... Wabash Ry. com ... ... Wabash Ry. pfd ... ... BONDS. Broad Ripple 5s 50 Citizens St. Ry. 5s Indpls. A Martinsville 55.. GO Indian Creek Coal A Mine 100 Indpls. C. A South 5 88 Indpls. A Martinsville 55.. 50% Indpls. Northern 5s 40 45 Indpls. A N, W. 5* Indpls. A S. E. 5s 45 Indpls. A S. E. 5s 70 Indpls. St. Rv 4s 46 67 Indpls. T. A T. 5s 68 Indpls. Gas Cos. 5s 71 77 T. 11. I. A E. 5s 45 V. T. of Ind. Bs 48% 54 Citizens Gas Cos. 6s 73% 80 Indpls. Gas 5s 72 Kokomo. M. A W. 5s ...... 77 Ird. Hotel Cos. 2d 6s 93% ... Indpls. Light A Heat 55.... *73% 78 Indpls. Water 4%s 66% ... Indpls. YVater 5s 89 91 Mch. H.& L. 5s 85 New Tel. Ist 6s 94 ... New Tel. L. I). 5s 93% ... Sou. Ind. Power 5s 91% ♦Ex-dividend. LIBERTY’ BONDS. Liberty first 3%5....... 88.20 Liberty Ist 4%s 90.06 Liberty second 4%s 90.06 Liberty third 4%s 93.64 Liberty fourth 4%s 90 32 Victory 3%s . 99.26 Victory 4%,s 99.26 WHOLESALE FEED PRICES. Ton. Cwt. Acme bran $21.50 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. A M 81 00 1.60 C O. A B. chop 24.25 1.30 Acme stock feed 24.25 1.30 Acme farm feed 27.50 1.45 Cracked corn 28.50 1.45 Acme chick feed...... 38.00 2 00 Acme scratch 30.00 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 36.50 1.90 Ground oats 30.00 1.60 llomlick white 27.25 1 40 Rolled barley 38.50 1 90 Alfalfa mol "... 32.00 1.65 Cottonseed meal 53.00 2.75 FLOUR AND HEAL. E-Z bake bakers’ flour in 98-lb. cotton bags $ 8.80 Corn meal in 100-lb. cotton bags.... 1.75

SWINE VALUES ARE UNCHANGED Sheep, Lambs and Calves Are Steady—Trade in Cattle Fair. RANGE OF HOG PRICES. Good GOOA Good 1 Sept. Mixed. Heavy. Light. 22. $8.25 $5.25 $8.15 23. 8.10 8.10 8.00 24. 8.10 8.10 8.00 26 8.20® 8.23 S.2o® 8.25 B.oo® 8.15 27. 7.75® 8.00 7.50® 8.00 B.oo® 8.10 28. S 00@ 8.25 8.25 826 23. 8.00 S.ls® $.25 8.25 With receipts between 10.(01 and 11.000 and a fair demand displayed by both; local packers and shippers with eastern house connections, swine prices ruled; firm in trade on tho hog market of the 1 local stock exchange today. There were a few sales of good weight hogs at $3.25, which was the top, while, the bulk of the saies were made at( $6.25. There was a fair tone to trade in! cattle and prices were generally steady considering the grade of cattle offered for sale. Receipts for the dav ran close to 600 fresh cattle, with considerable stale! stuff in the pens. Prices of all grades of calves was steady, with 500 on the market and trade moving In about the samo way t*s it; did on the market of the day before. There was a top of $12.50 on choice veals, while tho bulk of that gra 0 cold at $11(3,12. Sheep and iambs were steady with 300 on the market.

IfOGS. Best light hogs, 160 to 200 lbs. average .$ 8.25 Over 300 lbs 8.00 200 to 300 lbs 8 10<8 8 25 Sows b. 00" 6.75 Stags 4.50xr 6.50 Best pigs, under 140 lbs loo's) 7 75 Top Bulk of sales. CATTLE. Prime cornfed steers, 1.300 to 1,800 lbs .. 7 2513 8.23 Good to choice steers 1.200 to 1,300 lbs 6.50(3 7.00 Good to choice steers. 1,000 to 1,200 llis 6.253 6.50 Good to choice steers, 1,000 to 1,100 lbs 5.75® 6.25 Common to medium steers 800 to 1,000 ibs 5.0012 5 50 —Heifers and Coxxs— Good to choice heifers 7 002 8.25 Medium heifers 5 752 6.59 Common to good heifers .... 5.002 6.00 Good to choice cow* ........ 3.50(1 5.00 Fsir to medium cows 2 002 3.00 Cutters 1 75(a 2.75 fanners 732 2.00 —Bull*— Good to choice butcher bulls 4 50© 5.00 Bologna hulls 3 502 4 75 Light bologna bulls 3 00© 3.75 Light to common bulls 300 .. . —Calves — Choice veals 11.00212.50 Good veals 9 00 (#J 10.0 1 Medium veals $ 00© 9.00 Lightweight veals 4 t> a © 3 00 Common heavyweight veals .. 3(8.2 3-0 —Stockers and Feeder*— Good to choice steers, under 800 lbs 5 002 6.00 Medium cows ’2 lib 3.0 Good rows 5 00',. 4 "t! Good heifers 5.30 / 7.00 Medium to g id heifers 40) i 5 0 SIIEEI* AND LAMBS. Ewes '2 OO© ?, 50 Bucks 1 si)'.j 2 '.b rholce ewes an 1 wethT lambs 7no at 7.7*6 Sec >nd* ■ Buck lambs . 2.00 350

Other Livestock

CHICAGO. Sent 99 Hogs-—Receipts, 29.A*. 1 ; market, mostly 1’227-a lower; bulk. $6 2528 15: top, $-8 25; 'hen ryw -ig.t, $7 2523 10; medium weight, $8 48 25; light weight, $7..V 28.20; light lights, $7.25 (j. 7 if'; heavy packing j >< •mouth. $6.25iy;0 85; ;a king sox.*, relight, j. • '.£ 625; pigs, $i.75'4 71. Ca’tl* Receipts. 11,1410; market, steers steady t<> strung; calves slow to low: heef steers; choice and prlne*. $S t>'UP> 50; medium and good. $5.8529 '5; goud and Choice. $8.33 % 10.75; common and medium .<4.75*48.35. Butcher cattle; hoi fur*. $3.7. T )2#v7s: cows. [email protected]; bulls, $3.7326.35. Cannera nnd cutter*, cows aud heifers. $2 s**>a 3.50; 'eul calve* Illg.lt and ha nd y weight 1 $750212.25; feeder steers. $1.65' 4 63 >; Stocker steers. S.B 75 46 50; stocsor vows r.ud heifers. $324.5*. Sheep -Receipts, 18.1.00, market, gen "ally iM lb*, down*. $7 27-26.8.5; culls and common, S4.V-©7; y<sirli g ••;. . rg , $475 ©7; ewes, $t1©4.75; cuds and common, $1.5022 75; breeding owes, $5.2-326.25, feed it lambs, $047 25. CINCINNATI, Sept. 29.—Hogs—Receipts, 5,000; niarke-. *t”:tdy to ffl cents lower; heavies, mixed and mediums. ss.so; lights, $8.2-5 ; '.ig-. $7.2.5; roughs. $32.5. stags $.5. Cattle -He 1 300; mark*-, dull and weak: lull*, steady; calves. sl3 Sheen arid lambs He dpt*. 4LK): market, steady, $143; buck*, $2: choice iambs, $9; seconds, $6 s*); culls, $5 44. CLEVELAND. S-pt 29 Hogs ReReceipts, 4,000; mark-i. slow to 25c lower; yorkers. s*.’.s: mixed, $8.50: mediums. $8 50; pigs s*2s; roughs. $6.75; slags, $4 7-5. < 'attie Receipts'. 77**; market si-av Shc.-p and lamb* ipts, I,.s'ib; market steady; rep. $9 ,50. Calve* Receipts, 27.1), market 50c higher; top. $14.50. EAST ST. LOUIS, Sept. 29 Hops Re ceipts, 7,500: market, 5 cents higher; mixed and butchers, $* l,'.a * 15, good heavies. $8,202* 10: roughs $5 2V<#6.50; pigs. $7.50©8.25; bulk -s *.l ■ * >*-■'- 10 Cattle—Receipts. 3,000: market, n.-iive and steady; native beef steers, s'.'4 10,40; yearling steer* and heifers, ss.so©;*; •tucker* and feeders, $42 5 25; calve*. $!()'<(11.25: canto rs and •miter*. $2 •* 2.3 Sheep and la tub* Receipts. 1.800; mar ket. steady: mutton ewe*. ss'<t4 : iambs, $7©5.25; runners and choppers, $122. EAST BUFFALO. Sept. 28. -Hogs Re ceipts. 1,90i; murk and, active; yorkers. $029.10; pigs, s*,.*• in *75 . mixed. sS.*s'.( 9.10; henries. s<. Hi©> 66; rotul.s. $6 50; slags. $3.30© 1.50. Cattle Receipts. 625; market, slow , shipping steers. .$$ ; 0-sb; butcher grades. $7 sb© s. 50; be fern, $.5 75 ©7.30; cows. $1.50 4.5.30: feeders. $-5© 3.50; milk cows and springers. SbViil n Calves Receipts. 150; market, active; cult to choice. s3©'l.s. Sheep and lambs —Receipts, 1.60; market, active; choice lambs, $9.35(4 9.75; cull to fair, fSfg.it; yearling*. ss©7; sheep, $2©5.50. PITTSBURGH, Sept. 29—Hops Re ceipts, 4.50 b; market, l'l to 35 vents lower: prime heavies, $8 252* 40; mediums, $8.802,8.90: heavy yorkers, sß.Bo©* 50; light yorkers. $8.25(4 8.50: pigs. $8(48.25; roughs, s6©7 ; stags, $4©4.50 ; heavy mixed. $8.50(38 75. Cattle—Receipts, 1(H); market, steady; choice. $8(3.8.23; prime, $7.75©5; good, $7 ©7.25; tidy butchers, $7®:7.50; fair, $6©6.59; common. ss©7; common lo good fat liiilis. $3302,6; common to good fat cows, $1.50 (4:5.25: heifers. $52 7, fresh cows and springers. $35©85: veal calves, sl4: heavy and thin calves. so@B. Sheep and lambs—Receipts. 1.300; market. 25 cents higher; prime wethers. $4.8525.25; good mixed. $4.252 4.75; fair mixed. $3 5024; culls and commons, $1.25(32.23; lambs, $9.25.

CHICAGO FRO DI CE. CHICAGO, Sept. 29. Butter Receipts, 5 205 tubs; creamery extra, 4."!%<•; filets. 33%4fi1%c; narking stock. 2347,24 e. Eggs Receipts, 9,306 cases; current receipts. 304i87c; ordinary firsts, 384x340; firsts, 37@390; checks, 214/230; dirties, 23<g25c. Cheese —Twins, new. 19%@20%c*; daisies, 20@20%c; young Americas. 20@20%c; longhorns. 204(20%c; brick, 19%4i20e. Live poultry Turkeys. 38c; chickens. 20c; roosters, 15c; geese, 18c; ducks. 24c. Potatoes—Receipts, 133 cars; Minnesota Red Rivers. $1,654/1.85 per 180 1b bag; North Dakotas, $1 604/1.75; Idaho Whites, $1.75(02; Wisconsin Whites, [email protected]. INDIANAPOLIS PRODUCE. Butter—Local dealers are paying 40@ 41c per lb. for butter delivered in Indianapolis. Eggs—Loss off. 33@34e. Butter—Packing stock, 17@18o. Poultry—Fowls, 19@ 25c; springers, 22@26<>; cocks. 10@12c; young hen turkeys. 8 lbs. up, 35c; young tom turkeys, 12 lbs. up, 35c; old tom turkeys, 25@30e; cull thin turkeys not wanted; ducks. 4 lbs. and up. 15(016c; spring ducks. 3 lbs. and up. 16c; geese, 1C lbs. and up, 9&,llc; squabs, 11 Its,, to the dozen, $4.50. Butterfat— Local dealers are paving 40c per pound for buttertat delivered In Indianapolis WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef cuts us sold on the Indianapolis markets: Ribs —No. 2,25 e; No. 3,20 c. Loins— No. 2. 19c; No. 3.17 c. Rounds—No. 2. 17c; No. 3.14 c. Chucks—No. 2,8 c; No. 3, 7c. Plates—-No. 2. 8c; No. 3.7 c.

TRADE IN GRAINS VERY LIGHT Price Changes Are Fractional —Hog Products Lower. CHICAGO, Sept. 29. Some buying pressure against wheat appeared in the opening trade on the grain market here today, but selling orders encountered and the market had a quick setback. Wheat prices were %c lower for September at the opening; %c higher to %c lower for December and unchanged to %c lower for May. There was little demand for corn and selling pressure, predominated. Prices were unchanged to %c lower at the start. Oat values were ifichanged to %c lower at the opening, with the market inclined to dullness. Hog products showed losses in opening trade. (By Thomson & McKinnon.) -Sept. 28— heat— At one time during the day there xvas a shoxv of strength in wheat because of reported sale of 1.300.000 bushels of Manitobas to Greece. Outside of this, there has been no evidence of any foreign demand. Market has dragged more from a lack of demand than from any great pressure. Norihxx-estern markets have shown relative easiness under advices of larger movement from the country and under some hedging. The immediate position in the foreign trade is illustrated by cable* saying that wheat now in Liverpool and London is some 11 cents below cost of replacement. Unsettled weather is aernin promised for xvestern Canada. This will further deteriorate the quality, the result being that foreigners will not be anxious to secure it. the final result being a load upon the market of comparatively poor quality wheat. The milling and export demand in (his market is illustrated by deliveries of 327,000 bushels on September contract this morning, total deliveries so far this month 1,800.000 bushels. It is argued that the wheat being delivered is of a sort not in demand from millers This may be true, but it is good qualiry wheat, It will fill future contracts and' it also will make flour Inasmu nas the market is in need of s me Incentive to broaden the demand, we feel that tho financial and social conditions in England and Germany aro of such a nature to. prevent any general investment demand With foreign, domestic and investment interest negligible, the market should drag under the weight of hedging load. Corn and oats—The caFh position in leoh corn and oats from the standpoint f demand, is weak, there being a further lowering of premiums today. Consignments are lather free and there is some evidence of increased offerings by the country, notably 111 corn, prii es of which are now lower than immediately prior to the war. but the decline in prices doe* not improve the outlet. Therefore, there seem* no leason for anticipating any upward movement in prices. Provisions -Early s'rcngth in hogs induced a little snort covering in products, thereafter the market dragged with grains and a lack of interest. Assuming that a general interest is necessary to Improve values, then these products should decline further.

CHICAGO GRAIN TABLE. -Sept. 29 SVHEAT Open. High. I.ow. ('lose, hept.... 1.16% 118% 1.15 1.18% Dec 1 ."■(* 1-5 a 110% 1.23 Mi/ 1.25% 1.27% 123% 1.27% CORN— Sept 49 49 .47% .48% Dec 50% .50% .41* .50 May.... .55% 7*5 * TVi'g .7*5% OATS— Sept 33% .33% .3*2% .3'% Dec 36% .3.6% .3.5% .36% Ma v .40 % .41 ,40 g .40 - g Pi * K lx •Sept 22 09 LARD—•Sept 9 65 Oct 9SI 10.00 9.65 9 65 J ui 9.10 0.10 9.00 9.02 It IMS •s.pt 6 85 Oct 7 10 7 10 6 85 6 *5 Jim 7.70 7.70 7.05 7.05 •Nominal. CHICAGO CASH GRAIN. CHICAGO, sept. 28. Wheat No. 2 hard x* Inter. $122. Corn—No. 2 mixed, 49% ©'•OU ; No, 2 white, 49%J50%c; No 2 > eiiow. 50%©50% ; No. 3 mixed. 50%e. No. 3 yellow 50%c. Oat*—No. 2 white. U-c; No. 3 white, 32%©33e; No. 4 white, 32 %c. TOI.EDO GRAIN PRICES. TOT.EDO, Sept. 2S.—Wheat —Ca*h and s.-p:. -tuber. $129%; December. $1.33%: Mu v $1.39%. Corn—s 4% to 57>%e. Oats, 38%©30%c. Rye, OSo. Barley, 65c. primary Markets. (By Thomson A- McKinnon) Sept 28— Receipts— Wheat Corn Oat* St. Joe 21.000 30.000 250.900 Chicago 139,020 1,178.000 250.000 M :lw aukee ... looif 137.000 76.000 Minneapolis .. 355.000 46.000 144,0(i0 Duluth 207.000 43.000 **. Louis 127.000 87.000 74.000 1 15.000 9.0*10 12.000 Detroit 2.00*1 5.000 8.000 Kansas City.. 239.000 10,000 15.000 Peoria 10.000 62.000 40.000 Omaha 77.000 52.000 40,000 Indianapolis.. 50,000 29,000 22,000 Totals 1.216.000 1,686.000 682.000 Year ago ..t.678.000 1.101,000 742,000 —Shipments— Wheat Corn Oats St Jon 40.000 2.000 Chicago 52.000 40.000 133.000 Milwaukee ... 1.000 4.000 21.000 Minneapolis .. 137.000 21.000 24.0(8) Duluth 116.000 108.000 414.000 st Louis 140,000 31.000 73.000 Toledo 11,000 21.000 Detroit 2.000 Kansas City. 274.000 36,000 12.000 l’eoria 11.000 2.8.000 13.000 Omaha . ... 137.000 76.000 18,000 Indianapolis. . • 1,000 4,000 30,000 Totals 1,513.000 852,000 769.000 Year ago ..1.493.000 867,000 422.000 —Clearances Domestic W. Baltimore BS.OOO Galveston 426,000 Totals 514,000 Year ago 592,000 INDIANAPOLIS CASH GRAIN. —Sent. 2.8 .(Ids for car lots of grain and Igyv at the call of the Indianapolis Board of Tfade were: Wheat- Easier: No. 2 red. Corn—Weak: No. 2 white. 51%(?i32c; N- 3 white, 50%©51c: No. 2 yellow. 51 ©,52c: No. 3 yellow, 50©51c; No. 2 mixed, sJffisl%r: No.’3 mixed, 50©51c. Oats—Easier: No. 3 white, 33(g,36c; No. 4 white, 33%@340. Hay—Slow: No. 1 timothy, $17.50<5M8; N >. 2 timothy. 517<fi!17.50; No. 1 light clo-v-r mixed, $lO 30@17; No. 1 clover, $16.50 © 17.50. —3 red. 2 cars; No. 2 hard, dark. 1 car; No. 3 hard, 1 car; sample, 1 car: total, 5 cars. Corn —No. 1 white, 3 cars; No. 2 white. 9 cars: No. 3 white, 2 cars: No. 4 white. 1 car; No. 5 white, l car; No. 6 xyhite, 1 car; No. I yellow. 4 cyrs; No. 2 yellow, 7 cars; No. 3 yellow, 2 cars; No. 1 mixed, l car; No. 3 mixed, 1 car; No. 3 mixed, 1 car; total. 30 cars. Oats—No. 3 white, 9 cars; No. 4 white, 2 cars; sample white, 1 car; No. 3 mixed. 1 car: total. 13 cars. Rye—Sample. 1 car. Hay—No. 2 timothy, 1 car. Total number cars, 50.

HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay—Loose timothy. sl7@lS; mixed hay, $16(017; baled hay, $17@19. Oats—Bushel, new, per bushel 34@37c. Corn—Old, per bushel, 55@60c. WAGON WHEAT PRICES. Indianapolis flour mills and Elevators today are paying $1.20 for No. 1 red winter wheat; sl.lß for No. 2 red winter wheat and according to test toe No. 3 Oats are quoted at 28c for No. 3 white or better. TOLEDO SEED PRICES. TOLEDO. Sept 28. Cloverseed —Cash, $12.40 asked; October. $12.40: December. $12.60 bbl; February. $12.80 asked; March. $12.70 asked. Alsike—Cash and October, $10.60: December. $10.75; March, sll asked. Timothy—Cash 1920. $2.50; cash 1921, $2.55; September, $2.55; October, $2.60 asked; December. $2.65 asked; January, $2.70; February, $2.75; March, $2.85. r

Weather

The following table 3bows the state of the weather at 7 a. m., Sept. 29, as observed by U. S. Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind... 29.8* 68 Clear AMaiita, Ga 30 08 70 Clear Amarillo, Texas... 29.92 52 Cloudy Bismarck, N. D 5000 42 Clear Boston, Mass 30.10 46 Clear Chicago, 111 29.70 74 Clear Cincinnati, Ohio 29.96 68 • I‘tCldy Cleveland, Ohio 29.92 66 Cloudy Denver, Colo 30 12 40 Clear Dodge City, Kan,. 29.92 52 Cloudy Helena, Mont 30.22 38 Clear Jacksonville, Fla... 3008 78 Clear Kaimas City. M 0... 29.68 72 Cloudy Louisville, Ky 29.96 70 Cloudy Little Rock, Ark... 29.92 70 Clear' Los Angeles, Cal.. 29.80 68 Clear Mobile, Ala 30.02 78 Cloudy New Orleans. La... 30.00 76 PtCldy New York, N. Y.... 30.06 74 Clear Norfolk, Va 3006 72 Clear Oklahoma City .... 29.74 68 PtCldy Omaha, Neb 29.82 52 PtCldy Philadelphia. Pa.... 30 06 68 Cioudy Pittsburgh, Pa 30.04 66 Clear Portland. Ore 30.24 46 Clear Rapid City, 8. D. 30.18 42 Clear Roßeburg, Ore 30.16 40 Clear San Antonio, Texas 29.88 72 Cloudy San Francisco, Cal.. 29 78 64 Clear St. Louis, Mo 29.78 72 Clear St. Paul, Minn 29 66 54 Cloudy Tampa, Fla 30.06 76 Cioudy Washington, D. C.. 30.04 66 Cloudy WEATHER CONDITIONS. Since Friday morning some showers have occurred in the western Lakes region and upper Mississippi Valley, and in the southeast, but elsewhere throughout the country the weather has been generally far. It Is warmer from the Great Lakes to the xvestern Gulf States, but considerably cooler from that region northwestxvard, with temperature now near or slightly below freezing in parts of the middle and nortaorn Rocky Mountain region J. H. ARMINGTON, Meteorologist, Weather Bureau.

JAPAN KEEPS UP FIGHT TO GAIN RACE EQUALITY To Bring Issue Before League of Nations—Likely to Have Majority. GENEVA, Sept. 29—Japan has not tne slightest intention of abandoning her fight for racial equality, it was learned hre today from sources close to the Japanese League of Nations delegation. Japan is determined to bring the racial equality Issue before the League of Nations, although probably there will be no action this year. The Japanese are expected to await the outcome of the Far East conference in Washington before making a definite move. It is now considered likely Japan will have a majority in the league assembly whereas last year, when the assembly leaders were catering strongly to American opinion. Japan’s chances were slim. The Japanese delegates are circulating a pamphlet written by George Bronson Rea recalling Baron Makino's announcement at the Paris peace conference that Japan intended to raise the racial equality question when the league if definitely organized and operating. The pamphlet supports the Japanese contention that Japan must either cross the ocean or acquire economic control of Manchuria and Mongolia with a mandate over a buffer State between them and Russia. In the face of the refusal of France. England and other oig powers to grant credits to soviet Russia, the assembly ha* decided to do nothing to relieve Russian famine. The brunt of the relief work will fail on th United .States. Adjournment of the present- assembly of the League of Nations has been set for Tuesday. Oct. 4. With the departure of the delegates, the world will see in the league a vastly different institution from that which its founders conceived and which the 1920 assembly experimentally endeavored to create. Inetead of a veritable super-state imposing its authority upon all nations, the league is now recognized as a mere Instrument to coordinate and make recommendations for International actions. It recognizes itself to lie completely without power or authority to impose thoso recommendations.

FEW CHILDREN ARE BEATEN NOW Old-Time Method of Punishment Used Little Now, Says Welfare League. CHICAGO, Sept. 29.—Beating of children is practically a thing of the past, the Child Welfare League of America in convention reported today. Societies for the prevention of cruelty to children have found little to do in the last fexv years, said I>r. C. C. Carstons, president of the league. General public sentiment against beat ing children —and prohibition, xvere given credit by Carstons for the decrease in cruelty. “I suppose, from wbat 1 have rend, people are drinking Just as much strong liquor as ever.” Dr. Carstons said, “but it is a different class of people who are doing the drinking. “The ones who get liquor now. are the people whose children usually are tucked away in nursuries on the top floor of a large home, where they cannot lay hands on them conveniently.” $1,000,000 FIRE IN MYEYVAI KEE. MILWAUKEE, Wis., Sept- 29.—Three firemen were injured nnd damage estimated at $1,000,000 resulted from a fire which destroyed the plant of the American Hide nnd Leather Company here. Tho Albert Trostel tannery was damaged.

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GERMANY AGAIB WORLD MENACE! BUT IN BUSINESS Low Point Reached by Mark Makes Berlin Competition Greater. U. S. TRADE IS REVIVING Special to Indiana Dally Times and Philadelphia Public Ledger. By C. B. EVANS. CHICAGO, Sept. 29. —Marks (made In Germany.) touched seventy-eight onehundredths of a cent on a par of nearly 24 cents yesterday, and anew scratch xxas made on the nervous system of the exporter and the expert in foreign exchange. And Germany was moved a little farther away from the United States as to quotations of bills and a little nearer to us in the competition for the trade of the world. Many in this city look upon that country almost as if she were entering another war, this time a commercial contest, for they think that every decline in the monetary unit of Germany means just so much greater advantage over us in the competition. That is true only to a slight degree, it is work at low wages that 1* making Germany again a world menace. But it is not Germany only. Chicago financial men who have been in Europe recently, while endeavoring to put the best side out in their conversation, speak and act as if they had come from under a great biack cloud and were glad to get home where the sun shines. They named several countries in which there is a great excess of merchandise ready for export, one of them noting especially Scandinavia and remarking that the Baltic ports are full of unsold goods. Along with this is a vast amount of unemployment, with monuments of business depress In the form of factories with windows boarded up. The situation in England is sufficiently described by Lloyd George's word ‘’appalling.” There is a general disposition in Europe lo flee from the wrath that has come. Europeans are slipping into the United States through the fingers of hte immigration authorities in numbers over and above the allotments to the various countries provided for in the law. But also a general shifting about of the population of the world, more particularly its business, appears to have begun.

Some American manufacturers are setting up their shops in India because of the cheap labor there, for a long time past China has been regarded with hungry eyes as a place for the economical manufacture of goods now made in their country. One hears also of migrations to Argentina, not yet large in the number of persons, but significant on account of what the migrants mean with respect to manufacture and trade? The tides of travel have shared materially since the hot breath of war also over the wr-rld. It would seem, however, that the Germariß have less impulse to come this wav than in former years. They are thoroughly harnessed together in their own own country to achieve a purpose. England suffers correspondingly. It is largely on account of these conditions that some good observers have spoken of the present moderate lift in American affairs as a “false boom.” We could perhaps get along in an economic wav without Europe, indeed be almost entirely sufficient to ourselves, but uch a change would involve adjustment that would throw business for a time Into chaos.

nearly the world has not liquidated and one may even say that it cannot liquidate except through a process covering many years. It is the testimony of Chicago banker*, however, that indebtedness to corporations in this country that have granted credit to foreigners is generally liquidated at maturity. One would expect many requests for renewals and doubtless many are made, but so far a3 It goes this statements Is encouraging. There is therefore soma ground even from the viewpoint of European affair* fir the lively hopes of many individuals f"r a revival in American trade. This attitude has been expressed in Chicago lately by rather liberal purchases of railroad stocks by men of experience. One might nsk why they choose that, class of investment or speculation in preference to industrial issues, for the railroads cannot make much of an advance in their earnings without a revival of industry. True Germany cannot compete with u* In our land transportation activities, but she can curtail our output of many manufactured articles and appears now to be doing so, for one hears of German competition with local producers far inland* in the United States. YVhile there is a scarcity of many manufactured articles in this country, which doubtless will lead to some revival in production, we must still remember what they are doing across the Atlantic.—Copyright, 1921, by Public Ledger Company.

‘Good Killers' Wound Nev/ Jersey Merchant NEW YORK. Sept. 29.—A mysterlou* shooting attributed to the ‘‘good killer*” band xx-hlch numbers among its recent victims scores of prominent Italians throughout the United States, occurred here today when Nicoli Cirosello. New Jersey merchant, was wounded and left for dead on an elevated station platform by three unidentified men. Cirosello 1* not expected to live. I BUY AND SELL Federal Finance Common and Preferred, Great Southern Producing and Refining, •Central & Coast Oil, National Underwriting. Dnesenberg Motors, Majestic Tire, Robbins Body Company, Bank and Trust Company Storks, Liberty Bonds. NEWTON TODD 415 Lemcke Bldg.