Indianapolis Times, Volume 34, Number 123, Indianapolis, Marion County, 3 October 1921 — Page 10

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BELIEVE SLUMP IN BUSINESS IS NEARING AN END Cheerful Tendency Noted Following Dull Week in Trading. EMPLOYMENT IN GAIN Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Oct 3.—ln spite of fre.uent reactions ana the backing and Ring indicative of hesitancy and confusion of opinion, it is gratifying to be able to record some increase in optimism at the end of a very dull week. Thus far the more cheerful sentiment is largely an expression of the belief that the tendency is in the direction of improvement instead of recession, as was the case last year at this time. In other words, there is a conviction that the worst is over and that from now on we are likely to see sporadic evidence of gains which will become more numerous and pronounced as time goes on. At present the largest cloud on the horizon is represented by Germany’s financial situation and its reaction in the rest of Europe, particularly France. The decline in the mark has been interpreted in some quarters as a sign of her impending financial collapse and her inability to meet her indemnity obligations. Toward the end of the week the French government Ss and BVis began to decline—or t least did decline —and this weakening was immediately interpreted as a reflection of less hopeful indemnity prospects. MARK’S DECLINE NOT HELD PROOF OF CHAOS. It is refreshing to note, however, that some bankers do not consider the decline in the mark as indubitable proof of economic ehaos in Germany. The country is at work and producing on a large scale. It is quite conceivable that her industry and commerce might show increasing activity in the face of a continually depreciating mark. The currency decline, as every one should know, has been due more to the overworked printing press than to any other single factor. Germany is likely to continue printing and selling marks as long as their sale outside of Germany eontinue3 to show a profit over the cost of the paper and the printiug, and so long a3 the mark at home is worth appreciably more than the mark abroad. From a domestic standpoint, conditions are steadily improving. Unemployment docs not appear to have reached the proportions of the large figures at first issued by the Department of Labor, and a survey of an authoritative character places the maximum of unemployment at 4.003,000, with present totals very considerably less. The conference at Washington proposes “split employment,” which would divide the jobs among the jobless. If we would but face the issue squarely we probably would discover that a reduction in coal-mining wages and a further reduction in railroad wages, thus giving power and transportation at lowei costs, would do more toward solving the unemployment problem than any palliative likely to be suggested. BANKING POSITION feIIOIVS IMPEOYEMIiXT. Fortunately, the banking position continues to improve. The reserve ratio for the combined system lias now reached the top figure of .C 9. Os fully as much importance from the standpoint of essentia! relief is the rise in the Dallas ratio to 22.0 compared with 0.2 a - little more than a month ago, thus showing the effect of cotton liquidation at advancing and relatively profitable prices. So far os the market is concerned, stnffqient, while bull: on the rails, is dubious about the outcome of the funding biil and none too confident of the preservation of its beneficial features. Steel has not yet begun to enter the early stages of prosperity. The motors and tire stocks are believed to be somewhat tverdone. The chances for copper appear to be looking up, but the oil industry is thought to be in a position to make a quicker response than any other department of enterprise, w Petroleum production for the United ji-tates in August amounted to 40.960,UUW J Carrels compared with the high monthly record in May of thi3 year of 42,013,003 barrels and about 33,0:0,030 barrels in ugust last year. August Imports of oil from Mexico were 3,352,009 barrels against 12.000,000 in March, and nearly '1.000,003 barrels in August last year. Consumption is around 42,760,000 and is only slightly below the average for the first eight mouths of the year, and it compares with 47,800.090 barrels consumed in August last year. Stocks of petroleum are only a littie more than one months cut.sumption larger than a year ago. 0:1 men figure on the theory that consumption is bound to increase, while output will decline, in August this year, only 052 new wells were brought in compared with 1.452 in March this year and 3,465 in August last year.—Copyright, 1021, by Public. Ledger Company.

Cotton Crop Condition Poorest Ever Known WASHINGTON, Oct. 3.—The condition ■ f the cotton crop at the present time is worse than at any similar time in the history of the cotton growing industry, according to the reyort issued today by the United Slates Department of Agri--1 ulture. Unfavorable weather conditions and the Tiool wevil menace now reported /■• have covered nearly tne entire cotton belt were .iven as the cause for the extremely poor condition of the crop. The condition was reported as 42.2 per cent of normal, which is 12.2 per cent lower than the average. CHICAGO PRODI CE. % CHICAGO, Oct. .3 —Butter-Receipts, 5.471 rubs; creamery extras. 44%c: firsts, •4©43c: packing stock, 23©24e. Eggs teceipts, 9.201 eases; current receipts, 7©;3Sc: ordinary firsts, 31©30.c; firsts. s®4oc; thecks, 23®24e: dirties, 24© 4 26 c. heese —Twins, new, 19%©20%c: daisies. o©2<)%c: you.ig Americas, * Jto©2o%c; longhorns, 20©20%c; brick, 19%©20c. Live poultry—Tuikeys, 36c: chickens, 18c; ! springs. 21c: roosters, 11c: geese. ls C ; 1 ducks, 22c. Potatoes—Receipts, 133 cars; Wisconsin whites. Red Ri-.ers and Oliios, St.9o@2 per 150-lb. bag; main cobblers, $2.10. CLEVELAND PRODUCE. CLEVELAND. Oct. 3—Butter—Extra 'n tubs. 50%©51c: prints. 51%©52c; extra firsts. 49%®50c: firsts, 4S*:>@49c: seconds, ”J%®4oe; packing stock. 22%®24%c. Eggs—Fresh gathered, northern extra, 47c; extra firsts. 46c: Ohio firsts, new eases, 42e; old eases. 41c; AA'estern firsts, new cases, 39c. Poultry—Live heavy, fowls. 25©26c; light fowls, 18@20c: roosters. 15c; light springs, 20©21c; live spring ducks. 2t)@2sc. i*2 - ’ 1 mi Cote marcs

N. Y. Stock Exchange —Oct. 3 Prev. High. Low. Close. Close. Allied Chem 46% 46% 46% 40*i Ajax Rubber.... 24% 23% 24% 24 Ailis-Chalmers . 33% 33% 33% 33% Am. Agricul 35*4 35 35 ! Am. Beet >Sug.. 27% 27 27% 27% Am. Bosch Mag. 37 37 37 Am. C. & Fdy. .129 129 129 129 Am .Cot. 0i1... 19% 19% 19% Am. Can 27% 27% 27% 27% Am. Ice 60% 00% 60% 00% Am. Int’l Corp. 34 33% 33% 31% Am. Linseed.... 23 23 23 Am. Locomotive. 91 90% 90% 90 Am. Sm. & Ref. 39% 39 39 39% Am. Sug. Ref... 59% 50% 57% CO Am. Sum. Tob.. 41% 40% 41% 41% Am. Steel Fdy.. 25 25 25 25 Am. T. A T 10S 107% 107% 10S Am. Tobacco.... 125% 124% 125% Am. Woolen ... 76*4 75% 75% 75% Am. Zinc and L. 10% 10% 10% 10% Anaconda M. Cos. 41% 40% 40% 41*4 Atchison 86V 4 86% 86*4 Atl. G. &W. 1.. 28% 27% 27% 28% Baldwin L0c0... 88 86% 57% 87% B. & 0 38% 38% 38% 38% Beth. Steel (B). 50% 55% 55% 55% California Pete. 40% 38% 39% 39% Canadian Pac...114 113% 115% 113% Central Leather. 19% 18% 29 29*4 Chandler Motors 43 42% 43 43% C. & 0 56% 56 56 56% C., M. & St. P.. 25% 25% 25% 26 C„ M. & St.P. p. 40% 39% 4040% Chi. & Northw. 70 69% 60% 70 C., R. I. & Pa-.. 34% 33% 34 34 C. 6% p. 68 68 6S 67% Chili Copper.... 12% 12 12 12% Chino Copper... 26% 25% 26 26 Coca Cola 36 35% 36 36 Col. Fuel & 1.. 25 25 25 Columbia Gas.. 61% 59% 60% 60 Columbia Graph 5% 4% 5 4% Continental Can. 45 45 45 43% •Cosden Oil ... 2S 27% 27% 27% Corn Products. 78% 78 78% 79 Crucible Steel.. 64% 63% 64% 64 Cuban A. Sugar 6% 5% 5% 6% Del. & Laca 10S% 108% 108% 108% Endicott 65 64% 64% 64% Famous Play.. 55% 54% 55% i>s Gen. Asphalt.. 55% 53% 54% 53% Gen. Electric.. 125 124% 123 124% •Gen. Motors.. 10% 10 10% 10%* Goodrich 32 32 32 32% Gt. North pfd.. 75% 74% 74% 75 Gt. North. Ore 28% 28% 28% .... Hupp Motor.. 11% 11 11% 11 Houston 0i1.... 58 57% 57% 57% Illinois Central 97 97 97 .... Inspiration Cop. 36% 35% 35% 30 Indiahona 3% 3 • 3% .... Invincible Oil.. 12% 10% 12% 9% Inter. Harvester 79% 77% 79% 77 Inter. Nickel.. 14% 14 14% 14% Inter. Paper... 49% 49 49% 49% Island Oil &T. 2% 2% 2*5 2% Kan. C. South. 26 25% 23% 26 Kelly-Spring. T. 44% 42% 43% 43% Kennecott Cop. 22% 20% 21% 22% Lackawana 5... 41% 41% 41% 41% -ehigh Valley.. 59% 58% 59 59 Lee Tire 20% 26% 20% 26% Loews, Inc 13% 13% 13% 13% May Stores ... 83% 83 83% 82 L. & N 109% 106% 109% 109% Marine Pfd. ... 48% 47% 48% .... Maryland Oil .. 21 19% 20% Mont. & Ward. 18% 18% 18% IS Vi Mex. Petroleum I**l% 99% 101*4 100% Miami Copper.. 22% 22 22*4 22 Middle S. Oil . 13% 12 13% 11% M’ lvnle Steed .. 20% 25% 25% Missouri Pan. .20 19% 19% Mis. Pan. Pfd. . 41*4 40% 41 40% N. E. & Stamp 38 37% 38 .... National Lead . 76 76 76 75% Xev. Con Copper 12% 32% 12% 12% N. Y. Central... 73%. 72% 72% 72% New Haven 14% 13% 14% 14% Nor. & West.... 98% 96% 90% 90% •North. P.ac 77% 70% 76% 78% Okla. P.&R. Cos. 2% 2V4 2% 2% Pacific Oil 38% 37% 37% 38 Pan-Am. Pennn. Ry 37*. 36% 37% 37% People's Gas.... 52% 51% 51% 51% Tierce-Arrow .. 11% 11 n n% IVre Marquette.. 20% 20 20 20 Pittsburgh Coal 60 '6O 60 Pressed St!. Car 59 5,8 58 Pull. Pal. Car.. 95 ' 93 91% 92% Ry. Steel Spgs. 54% 84% 8!% 81 Pure Oil 27% 25% 27 25% Reading 72% 72 72 72% Rep. I. Ac Steel. 53 52% 53 52% Royal Dutch 47% 40 46 41;% Sears-Roebuck .71 % 69% 71 68% Sloss-Sliefld 5&1.77 .”,7 .37 Southern I’nc. .. 80% 79% 79% 80 Southern Ry. ... 20% -20* . 20% ”‘i% STL&SW lty. .. 23% 23% 23% 23% Stand. Oil XJ 143 110 113 STL&SF. Com.. 23% 23% 23% 21 Wiulebnker 74*4 73% 74 74% Tex. Cos 38 37 ' 37% 36% ipx. & Pac. .. 24% .23% 23% 23% Tobacco Prod. .66 65% 65*% 05% i Trans. Oil 9% 8% 9*4 i Union Oil 18*% 17% 18% 17% i Union Pacific .122% 121% 121% 122% lU. K. Stores . 52% 52 52% 51% !U.S. F. I’. Corp. 13% 12% 13% 13% ;U. Fruit Cos. ...109% 108% 10% 109% ! United Drug .. 58 57 58*4 56% D. S. I. Alcohol 46% 44% 45% 47 I . S. Rubber . 50% 49% 49% 50% lU. S. Steel 80% 79% 70% 89Vi lU. S Steel pfd..110% 110*4 110% .... ; Utah Copper ... 53 52*4 52% 52% i Van. Ste-! 32*4 31% 31% 31% I Vlr-Car. Chem* 30 29% 30 .... 1 Wabash 7% 7% 7% .... Wabash Ist pfd. 21% 20% 20% ’ 20% W. Maryland. 9% , 0% 0% .... i West. Union... 81 82 84 82% ; West. Electric... 45 44% 45 i White Motors... 34% .31 34 ■ Worth. Pump.. 41 40% 41 40% W-Overland 6 5% 6 t; j White OU 0% 8% 9% S% ! West I’ac 23% 22% 23% 22% •Ex-dividend. NEW YORK LIBERTY BONDS. —Oct. 3. Prev High Low Close t!losa ; Liberty 3%s .... 88.88 88.50 88.62 88.40 j I.ibertv 2d 4s .. 90.62 90.56 90.62 90.52 . Liberty Ist 4%5.. 90.96 90.84 90.90 90.82 Liberty 3rd 4%5. 94.00 93.94 94.00 93.96 1 Liberty 4th 4%5. 91.00 90.90 90.90 90.90 Victory 5%s 99.40 99.42 99.42 99.44 Victory 4%s 99.46 99.40 99.42 99.16 CHICAGO STOCKS. (By Thomson &. McKinnon.) —Oct. 3 Open. High. Low. Close. ! Armour Leather 12% j Carbide A Car. 44% 44% 44% 44% j Lilibv 7% National L 6’% 6% 6% 6%. | J’iggly Wiggly 15 i lteo Motors .. 18% . Stewart W. ...60*% 'Swift & Cos. ..93% 93% 03 93% : Swift. Int 22% 22% 22% 22% NEW YORK METAL MARKET. NEW YORK, Oct. 13.—Copper—Steady ; i spot. October and November offered, 12c. Lead —Steady: spot, October and November offered, 4%c. Speleer—Steady; spot and October offered, 4.55 c. November offered, 4.65 c. NEW YORK WOOL. NEW YORK. Oct. 3.—W00l prices were weak on the market here today. Domestic fleece so!d at 22©37c per pound: domestic pulled, scoured basis, at IV® 66c and Texas domestic, scoured basis, ; 39® 71c. NEW YORK PETROLEUM. j NEW YORK. Oct. 3.—Petroleum prices were firm in trade on the market here today, Pennsylvania crude oil selling at $2.50 a barrel. In the Cotton Market NEW YORK, Oct. 3—Cotton broke l from $5 to $lO a bale today after I>e- , cember’s quotations had reached 21.95 c 1 a lb., the highest price in a year on the cotton exchange. i At the start the list sold 119 to 13$ points above Saturday’s close, but after i the Government crop report was issued there was a big break. When, however, details were enumerated by the report were studied, the options steadied and rallied 65 points. The market was irregular throughout the afternoon. Buying by commission houses and the trade absorbed offerings and the close was very steady at a net advance of 25 to 56 points. —Cotton Futures— Open. High. Low. Close. January 20.80 21.60 19.70 20.60 March 20.55 21.60 19.75 20.43 May 20.05 21.00 19.20 19.04 July 19.44 20.20 18.80 19.45 i October 20.75 21.55 20.62 20.55 December 20.90 21.95 20.00 20.90 LIVERPOOL, Oct 3.—Spot cotton was | in good demand at the opening of the ! market here today. Prices were firm and sales approximately 18,000. American middlings, fair, 17.85d: good middlings, 16.08<i; full middlings, 15.53d : middlings, 15.03d ; low middlings. 13.93d; good ordinary middlings, 12.88(1; ordinary middlings, 12.13d. Futures opened quiet.

STOCK MARKET CLOSES HEAVY. American Sugar Refinhrg Hits Lowest Price Level. NEW YORK. Oct. 3.—The stock market closed heavy today. The market reacted in the last hour, most of the leading ; issues falling to the low levels of the , forenoon. | United States Steel reacted from 80% J to 79% and Baldwin Locomotive from SS I to 87%. American Sugar Refining broke to 56%, the lowest price that stock ever has sold, but near the close rallied to 57%. Mexican Petroleum yielded over 1 point to WIV 4 . , . Reading dropped from 72% to i2, and Lehigh Valley reacted 1 point to 59. The total sales of stock today were 519,000 shares; bonds, $16,341,000. (By Thomson & McKinnon.) —Oct. 3 In a weekly review published on the iron market the following significant statement appears: “While there is still a great deal of small business, the number of inquiries and sales for larger tonnage is steadily increasing.” This seems to be fairiy descriptive of the entire business situation at the present time. We have no boom i nnujthing. Tt is rather a healthy development after a long period of prostration and it is this tendency toward improvement which really constitute the best kind of a foundation for the stock market. The buying comes from those who are content to take a long range view and patience to hol.l for ultimate results. It is because we are only at the beginning of improvement that the market at times acts in a disappointing way. It is well to bear in mind that the majority enter the market when conditions are spectacular. Aside from the improvement in business, a very important matter that may materialize at any moment which will be of vast benefit, is the settlement of the Mexican problem. The labor situation is still pointed out as a depressing factor, but we always have had and we aiw*vs will have a so-called labor problem. But if we have nothing of a serious nature, like a railroad strike, we cun easily get along with the minor controversies and continue to make progress. We are still of the oninion that the opportunities are on the long side and would meet all reactions with buying orders. nK'mW POISE STATEMENT. \T\V YORK. Oct. 3.—Fxchan~es', *529 - 500 000: brianoes. $35 500,000: Federal Reserve Bank credit balances, $14,800,000. TWENTY STOCKS AVERAGE. NEW YORK. Oct. 3.— Twenty industrial stocks last Saturday averaged 71.68. in .60 per cent. Twenty active rails : averaged 74.58, up .41 per cent. Money and Exchange j Indianapolis bank clearings Monday were $3,154,009, against $2,626,000 for Monday of the week before. , NEW YORK, Oct. 3—The foreign ex- ! change market opened weak today. l)e- ---! m.and sterling was unchanged at $.3.73. 1 Francs • :elded 1 centime to 7.07 c for ea--1 bles and 7.06 for checks. Lires were 2 i points lower at 397 c for cables and 3.90 c 1 for checks. Belgian francs fell 4 centimes ! to 6.98 e for cables and 0.97 c for checks. Marks ds dined 1% points to .79'-. Guilder cables were 32.08 ; checks. 32.06?. S.ye- . *jcn kronen cab’ - were 22 35c; di • ’:s, ’22 30c. Norway kronen cables were jTo 30c : checks. 12 25c. Denmark kronen I cables were 18.05 c; checks, 18c. NEW YORK CALI, ”OXEY. NEW YORK. Oct. 3 Money Cll imoney ruled 5% p r cent: high. 5% per cert; low. 5 per cent. Time rates. 5% . T ,i r ccit. Time mercantile pnp T steady. ! exchange was 3%c. with business ; in bankers’ bills at $3.73% for demand. MOTOR SECURITIES. (By Thomson & McKinnon.) —Oct. 3. j Packard com 5’,4 •% Packard pfd j Ford of Canada 25* *■’* i National Motors 0 i Paige Motors 12 ACTIVE CIL STOCKS, (By Thomson & McKinnon) —Oct. 5 - —Opening - Bid. Ask. i Anglo-American Oil 14% 15% ' Atlantic Refining 7% 7% | Borne-Seryms. r 330 36'* i Buckeye Pipe Line ISO 182 j Cheseb rough Mlg Cons 140 169 Continental Oil, Colorado ...IDS 112 I Cosden Oil and Gas 5 6 Crescent Pipe Line 26 28 ' Elk Basin l’ete 5% s’, i I Kur ka Pipe Line 70 75 Galena-Signal Oil, prt-f 85 02 ; Galena-Signal Oil, coin 31 36 Illinois Pipe Line 157 162 j Indiana Pipe Liue . 78 85 ' Merritt Oil 7% 7% i Midwest Oil 2Vi 2% Milwest ltfg Ito 150 i National Transit 26 28 New York Transit 147 155 Northern Pipe Line 8.”, 88 Ohio Oil 250 255 Ok'ah ma I*. A R 3% 4% Penn.-Mex 17 19 Prairie Oil and Ga3 s(>o 530 I’rairio Pipe Line 185 195 Sapulpa Ilel'g 33% Solar Refining 340 360 Southern Pipe Line 70 75 South Penn Oil 185 195 Southwest Penn Pipe Lines.. 52 56 Standard Oil Cos. of liul 72 72% Standard Oil Cos. of Ivy 370 39a Standard Oil Cos. of Neb.... 145 ICO Standard Oil Cos. of N. Y.... 340 345 Standard Oil Cos. of 0hi0....300 385 Swan & Finch 25 85 Vacuum OU 270 290 Washington Oil 20 30 NEW YORK CURB MARKET. (By Thomson & McKinnon) —Oct. 3 —Closing— Bid Ask. Curtis Aero, com 1 2 Curtis Aero, pfd 10 17 First National Copper 70 80 Goldfield Con 5 7 I Havana Tobacco 1 1% Havana Tobacco pfd 4 6 Martin Perry 4 1 1% Jumbo Extension 4 5 International Petroleum .... 11% 12% Nipissiug 5% 5% Standard Motors 3% 4% Salt Creek 9% 10*% Tcnopnh Extension 1% 1% Tonopah Mining 1% 1% United P. S. new I*4 1% U. S. Light and Heat 1% 1% U. S. Light and Heat pfd... 1% 1% World Film 5 15 Yukon Gold Mine Cos 90 100 Jerome 15 18 New Cornelia 13% 14% United Verde 26 27 Sequoyah 15 20 Omar Oil 87 90 Rep. Tire 17 25 Acme I’kg 1 1% Texas Chief 7 9 Imp. Oil 7% 8% NEW YORK RAW SUGAR. NEW YORK. Oct. 3.—Trade in sugar < n the market here today was dull and j prices held about steady. Cubas sold j at 4.23 c per lb, duty paid, while Porto I Ricos were quoted at 4.12 c per jb., delivered. NEW YORK REFINED SUGAR. NEW YORK. Oct. 3.—Dullness was the feature of trade in refined sugars on the I market here today. Fine granulated was steady at 5.50 c per lb, while No. 1 soft was quoted at the same figure. NEW YORK COrFEE. NEW Y'ORIv, Oct. 3. —Trade In coffee was dull anl prices were weak on the exchange here today. Opening options were Bto 14 points lower. Rio No, 7 on spot sold at B*4®B%c per pound. NEW YORK RICE. NEW YORK, Oct. 3—Trade in rice was fair on the market here today and | prices were firm, domestic selling at 3% <<j7%c per lb. NEW YORK HIDES. NEW YORK, Oct. 3.—Trade in hides was dull here on the market today, native steer hides soiling at 131-3 and branded steer bides at 18c.

INDIANA TIMES, MONDAY, OCTOBER 3,1521.

STEADY TO -"no CENTS HIGHER Cattle, Sheep and Calves Are Generally Steady. RANGE OF HOG PRICES. Good Good Good Sept Mixed. Heavy. Light. i 26. $8.20 fa 8.25 $8.20®. 8.25 sß.oo@ 8.15 | 27. 7.75® 8.00 7.60® 3.00 B.oo® 8.10 28. B.oo® 8.25 8.25 8.25 I 29. 8.00 8.15® 8.25 8.25 30. 8.00 8.15® 8.25 8.25 Nov. 1. 8.15® 8.25 8.25® 8.40 8.33® 8.40 3. 8.25® 8.50 8.35® 8.50 B.oo® 8.35 Swine prices were steady to 10 cents higher in trade on the local live stock exchange today, with fresh receipts close to 8,000 and a fair demand displayed by both packers and shippers with eastern city connections. Light swine were steady, selling at sß® 5.25, while oth -r grades of good swine were in cases 10 cents lower.

Heavy swine sold at [email protected];, with a fair number of sales at $8.50 and the bulk of the sates of that grade ami for j the day ranging at [email protected]. Pigs were in fair demand at s7@B and 1 roughs brought $G.25®7, with the bulk I at $6.50® 8.73. With receipts only 400 cattle, prices were steady, with trade slow. Practically all of the cattle on the market were of poor quality. Prices of all grades of calves were steady, with trade fair and receipts extremely light at around 200. Tlre were 200 sheep and limbs on the market and prices were steady. HOGS. Best light hogs, 160 to 200 lbs. average $ 8.35® 8.50 Over 300 lbs 8.00 200 to 300 lbs 8.25® 8.50 Sows 6.25® 7.00 Stags 4.50® 6.50 Best pigs, under 140 1b5.... 7.00® 8.00 Top 8.50® Bulk of sales 8.35® 8.40 CATTLE. $ Prime enrnfed ste-rs, 1,300 to 1,800 lbs 7.25® 5.25 Good to choice steers 1,200 to 1,360 lbs 6.50© 7 00 Good to choice steera, 1,000 to 1,200 lbs 6.25® 6.50 Good to choice steers, 1,000 to 1,100 lbs 5.75® 6.25 Common to medium steers 800 to 1,000 .bs 5.00® 5.50 —Heifers and Cows— Good to choice heifers 7.00® 8.25 Medium heifers 5.75® 6.50 Common to good heifers .... 5.00© 6.00 Good to choice cows 3.50© 5.00 Fair to medium cows 2.00® 3.00 Cutters 1.75® 2.75 Canners 75® 2. J 9 | —Bulls— Good to choice butcher bulls. 4.50© 5.09 ; Bologna bulls 3.50© 4.75 1 Light bologna bulls 3.00® 3.75 1 Light to common bulls . v ... 3.00 .. . —Calves— Choice veals 11.30<fi12.59 Good veals 9.00©10.00 Medium veals B.oo© 9.00 Lightweight veals 4 00© 5.00 Common heavyweight veals .. 5.00© S.O'J —Stockers and Feeders — Go-id to choice steers, under 800 lbs 5.00© 6.09 Medium cows 2.00® 3.09 Good cows . .. 3.00® 4.1 H) Good heifers 5.50© 7.00 Medium to goad heifers 4.00© 5.00 SHEEP AND LAMBS. U.wes 2.00© 3.50 Bucks 1.50© 2.50 Choice ewes an 1 wether lambs 7.00® 7.50 Seconds 5.50® 6.50 Buck lambs 2.00® 350 Other Livestock CHICAGO, 0?t. 3.—Hogs—Receipts, 30,000; market, 10c to 29c higher; bulk, $6.60®5.35; top, $8.45; heavyweight, $7 5* 61 8 r.; medium weight. $8.i0©8.43; light’ v..- lit, $7.75(i8.45; light lights, $7.50© ! fe.li>; heavy pai king sows, smooth, $0.50© 7.10; parking cows, rough. $6.13©0.50; ! pig-, $7©7.75. Cu'tip--Receipts, 20.009;' mari.et, strong to 23c higher: beef .-tiers. : •oho ce nr:d p.ime, $8.75© 10.85; medium and good, so©9 50; good and choic . S’-75 | ©10.85; common and medium, $4.75© 1 8.75; butcher cattle, heifers, $3.75©9; cows, sd.3s© 0.75; bulls. $3.95®6.35; can- I tiers and cutters, cows and heifers. $2.50! © 3d.5; tanner steers, $3©3.50; veal calves (iight and handyweight), $7.59© 11.50; feeder ste-rs. $4 65©6..V>; (Cockers steeis. $3.75© 0.50; stocker cows and heifers, $3 ©4.50. Sheep -Receipts, 39,000; market generally tt-'.uly; lambs isl lbs. down), $7.25©8.55; culls and common, $1.50© 7; yearling withers, $4.75©6.75; ew s3© 5; cullr: anl ennimm. $1.50©,2.75; breeding rues, $3.256/6.25; feeder lambs, $6 @1.23. CINCINNATI. Oct. 3—nogs—Receipt?, 5,500; marl;' t S> to Cl cents higher; heavies, niii-d and mediums, $8.65; light a, $8.50: pigs, :'7dio: roughs. $0.75© 7; slags,' $5.23©0.50. Cattle Receipts, 2,300; market, generally steady: bulls, steady: salves, Sl2: f ’-w, $12.50© 13. Sheep and lambs—Receipts. 700; market, steady; 1 ewes. sl©3: bucks, $2: choice lambs, SS.SO; ; seconds, s6© 6.50; culls. s3© 4. I CLEVELAND, Oct. |3.— Hogs—Receipts, •1 (Sin : market. 25 to 3<> cents higher; york ■ era. $8.25: mix®, $8.12): in dime. , fs.t’o© I 5.75: pigs. $8.25 ; roughs. $0 5(1; stags, st.so. fettle—Receipts, 1.600: market, I I slow. Slice ) and luuibK-■•Receipts, 1.600; j j market, slow; top, ss.so. Calves He- | celpis, 300; market, steady; top, $14.50. ! FAST ST. LOUIS, Oct. .V-lfogs Ite- i ceipts, 7,500; market, 10 to 15 cents' | higher; mixed ai-d butchers, [email protected]; i roughs, $5.25©0-50: good heavies, $8.25© i 8.45; lights. $8 35©8.45; pigs, [email protected]; bulk or sales, 85.25©5.(5. Cattle—lto-| i.eipts, 7,200; market, steady; native beef . I steers, ss©li.ss4 yearling steers utnl beif- | era s9© 10; cows, $3.25© 5.5(1; stockers; and feeders, $36(5: calves, sl().'ali ; cun- j ners and cutters, s2©3. Sheep and lambs I —Receipts, 1,600; market, steady; inut-j ton ewes, s3© 4; lambs, $7.75@8; canners! and clioppurs, EAST BUFFALO, Oct. 3 Hogs—Receipts, 17,600; mark'd, active; yorkers. $8.00©5.75; pigs, $8 (J0®8.75; mixed, $8.6(1 ©■s7s; heavies, $8 25®5.40; roughs, so® | 6.50: stags, S4O 15.). Cattle —Uecaipta, I ' 5,000; market, slow; shipping steers, ss@ j 19 25; butcher grades, $7.25©.N.25; heifers, $5.50@7; cows, $1,005(5; bulls, s3© 5.50; I feeders, $5©5.50; milk cows and springers, slo© 150. Calves—Receipts, 1,700; market, nj'ive; cult to choice, ss@l4 50. j Sheep and lambs —Receipts, 13.000; market. active and steady; choice lambs, SS.SO®9; cull to fair, $‘i.50®8.25; year.nigs, [email protected]; sheep, $2®G. PITTSBURGH, Oct. 3.—llogs—Receipts, 7,000; market, 5 cents higher; prime heavies. $8.35®'5.40: mediums, ss.so©'N.(is ; heavy yorkers, [email protected]; light yorkers, . $8©,8.25: pigs, $7.75© 8; roughs, s6©H>.7s; | stags, $1©.4.50. Cattle—Receipts, 2,000; I market, 25 cents lower; choice, $8.25© 8.50; prime, $7.75©8; good, $7.25©7.7.1'; tidy butchers," $7.50© .8; common, $()©;!; | common to good fat hulls, $2.50©3.50; common to good fat cows, $4®’5.50; heifers. $6.25©7; fresh cows and springers, $30©85; veal calves, sl4; heavy and thin calves, ss© 8. Sheep and lambs—Receipts, 4,000; market, steady; prime wethers, $5©5.25; good mixed. $4.25© 4.75; fair mixed. s3@4; culls and commons, sl® '2; lambs, $9. Local Curb Market j (By Newton Todd-i —Oct. 3 „ , Bid Ask American Hominy com 17 Brazil Stirling i% 37% 38% Burdick Tire and Rubber... 1 2 Capita! Film Cos % 3% Central and Coast Oil 1% 4% Choate Oil Coru. 1 1% Columbian Fire Ins. Cos 6 7% Comet Auto 1% 2% Dayton ltubbe* Dnitf 61 70 Duesenberg Motor Units.... 58 03 Duesenberg Motor com 30 Elgin Motor Car 3% 5 Federal Fin. Cos. pfd 72 82 Fed. Fin. Cos. com 125 135 Gt. Soil. Prod. X Ref. Units. ii% 6% Haynes Motor com 118 Hurst & Cos., pfd 42 62 Hurst & Cos., com 1 2 Indiana National Ban* 255 265 Indiana Rural Credits 49 63 Indpls. Securities pfd 1% 2% Metro. 5-50 c Stores com *l% 15% Metro. 5-50 e Stores pfd 30 35 Revere Motors % % Rub-Tex Units 17 20% State Savings & Trust C 0.... 89 93 Stevens-Duryea Units 55 64 U. S. Automotive Units 9C 105 U. S. Mtg, Cos Units 16c 175 TOLEDO SEED PRICES. TOLEDO, Oct. 3.—Cloverseed —Cash and October. $13.00: December, *13.20: January, $13.30; February, $13.35; March, $13.25. Alsike—Cash and October, $10.75; December, $11.00; March, $ll.OO bid. Timothy—Cash, 3920. $2.65; cash, 1921, $2.75; October, $2.75; December. $2.90; Joutmry, $2.02%; February, $2.05; Marub, $3. CO, 1

New York Bonds (By Thomson 3: McKinnon) FOREIGN GOVERNMENT BONDS, —Oct. 3. Arg. (Unlisted) 5s Sept. 1, Belgian 6s Jan. 1, ’25 95% 95% Belgian 7%s June 1, 45 102 102% Belgian 8s Feb. 1, ’4l 101 101% Berne 8s Nov. 1, ’45 100% 101 Chile 8s Feb. 1. ’4l 08% 98% Chinese (Huk. Ry.) ssJuue’sl 47 48 Christiania Ss Oct. 1, ’45 101% 101% Copenhagen 5%s July 1, ’44... 80% 81 Danish Mun 8s Feb. 1, ’40....102 “ 102% Denmark 8s Oct. 15, ’-15 103 104 •Canadian 5%s Dec. 1, ’22 89% 90% •Canadian 5%s Nov. 1, ’23 88% 89% •Canadian 5%s Nov. 1, ’24.. 87% 88% •Canadian 5s Dec. 1, ’25 85% 87 " Canadian 5s Apr. 1, ’26 93% 94% •Canadian 5%s Dec. 1, ’27.. 87% 89 Canadian 5%s Aug. 1, ’29 93% 94% Canadian os Apr. 1, ’3l 92% 93% •Canadian 5s Oct. 1, ’3l 83 84% •Canadian 5%s Nov. 1, ’33.... 87% 89% •Canadian 5%s Nov. 1. ’34 &i’/ 4 86% Canadian 5s Meh. 1, ’37....;. 88% 89 •Canadian 5%s Dec. 1, ’37.... 89% 90% French (Viet.) 3s Opt., ’31.... 55 57 ” •French 4s Opt., ’4.3 A. 45 47 •French (Prem.t 5 Issue ’20.. 64% 66

•French 6s Opt., ’3l 65 " 67 French 8s Sept. 15, ’45 100 100% •Italian (Treas.) 5s Apr. 1, ’25 38 40 •Italian (War) 5s 30 32 Jap (Ist) 4%s Pel). 15, ’25.... 85V, 86 .Tap (2d) 4% July 10, ’25 85% 86 .Tap 4s Jan. 1. ’3l 70% 70% Norway 8s Oct. 1, ’4O 106 106% | Paris (is Oct. 15, ’2l 99% 100 | Russian 6V,s .Tune 18. ’19.... 13% 16% Russian 5%s Dec. 1. ’2l 13% 16% •Russian 5%s Feb. 14. ’26.... 3 6 Sao Paula 8s Tan. 1, ’36 97% OS Swedish 6s .Tune 15. ’39 89% 89% Swiss 5%s Aug. 1. ’29 89% 90% Swiss 8s .Tu’v 1, ’4O 107 107% I'. K. SV. S Nov. 1, ’pi 09% 100 U. K. 5%s Nov. 1, ’22 09V S 98% TT. K. Aug. 1, '29 90% 91 T T . K. 5%s Feb. 1. '37 89% 90 •U. K. (Vic.) 4s Issue ’l9 ...277 288 •u. K. (WLoan) 5s 0"t. 1.’”2. .374 386 XT. K. (W Lean) 5s Feb. 1,'29 360 373 ZiirDh 8s Oct. 15, ’45 101% 102 Brazil 8s 99% 99% French 7%s 04*4 94% 1 Urguary’ Ss 98% 99*4 •Internal Leans. CORPORATION BONDS. Bid. Ask. I Alum. Cos. of Am. 7s, Nov.. '25. 99 99% Am. Cot. Oil Is, Sept. 2, ’24.. 99 '.'l Am. 3 -l. 6a, < t . *22 9 J • “• a Am. Tel. 6s, Feb., ’24 98% 99 Am. Thread Cs, Dec.. '2B 97% 98 Am. Tob. 7s, Nov., ’22 100% 101% Am. Tob. 7s. Nov., ’23 K*l 101% Anaconda 6s, Jan., '29 90 91 Anaconda 7s, Jan., ’29 94% 95 Anglo-Ain. Oil 7%5, April, '25.1 )1% 101% Armour 7s, Julv 15, ’39 100 109% At. Ref. 6%5, March, ’3l 102*4 103 Bell Tel. Can. 7s. April, ’25... 97 % 08% Beth. Steel 7s, July 1-5, ’22.. 09% 100% Beth. Steel 7s. July 15, ’23 . 08% 98% t’.m. Pacific 60s. March 2. '24. 08% 99% Cent Arg. Rv. 6s, Feb., '27.... 84% 86 I C.. It. I. 7.- I'. Cs. Fete, ’22.... 09% 99% Con. Gas Bs, Dec.. ’2l 100 100% 1 Copper Exp. Bs, Feb. 15, '22 100% I**l I Copper Exp. Bs, Fob. 15, "23.101 101% ! Copper Ex. Bs. Feb. 15. ’21101% 101% j Copper Exp. Bs, Feb. 15. ’25.102 102% Cudahy 7s, July 15, '23.... 99% 109 | Fed. Sugar Cs, Nov., '24 96% 96% Goodrich 7s, April. '25 9-5% 96 Gulf dll 6?. July, '23. 98 95% Gulf Oil 7s. Feb., ’3.3 93% 03% Hock Vai. 6s, March, '24 95% 96% Humble 011 7s. March 15, "23. 97% 99% K. C, Term. 6a, Nov. 15. ’23.. 8811 98% Keno. Copper 7s. Feb., ’.30 94% 95% Laclede Gas 7s. Jan., '29 93 % 94% Mg. & Myers os, Dec.. ’21....100 100*4 Proctor A G. 7s, March, '22.. .100*4 100% i Proctor A- G. 7s. March, ’23... .100% 101*4 . Pub Ser.N.J. 7s, March, ’22.. 95 % 90% It. J. Reynolds 6s, Apr . ’22. .100 100% ; Sears-Roebuck 7s. t'et. 15. '2l. 99% 100%: Sears-Roebuck 7s, Oct. 15, "22. 98% 99 Sears-Roebuck 7s. Ot. 15, '23. 97% 98 | Sinclair 7* -s, May 15, ’25 93 03M ! S'olvav A C’le Bs, Oct , '27 09% 300*4 So. Rv Cs. March. ’22 !*s% 99 S. Tel. 7s. April, ’25 08’s 08% Stand O (T'nl.) 7s. Jan.. ’31.104% 105 Stand O. (N. Y.) 7s. Jan. ’25 31 97% 98% Swift 6s, Aug. 15. '2l TOO 100% Snift 7s, Oct. 15. '2-5 100 100*4 Texas <’*. 7s, March 1, "23... 93'i 93% l’t ih Sec. 6c. Sept. 15. ’22.... 89 92 j Waltham Watch 6s. \ug., ”24..109% 101*4 West Electric 7s, April. '25.. 109 100% Wcstinghouße 7s, May, '3l 102*4 103 Local Stock Exchange —Oct. 3 STOCKS. Bid. Ask Ind. Ry. * Tight com 60 ... ) Ind. Ivy. .V Light pfd 75 ... j Indpls. i; S. I’, pfd ... Ind pis. St. Ry 35 41 T. 11. I. & L. pfd j T. 11. I. & E. pfd T. H. I. & F. com S T. IL I.& B. pfd I’. T. of Ind. cum 1 l\ T. of Ind. Ist pfd 7 r. T. Os Ind. 2d pfd 2 Advanee-Kumlcy com Advancc-Rumley pfa j Ain. Ventral Life 1 Am Presiding pfd ... | ‘Belt R. It. com 62% •Belt It. It. pfd 41% 50 j Century Bldg. Cos. pfd 01 Citizens tins Cos 22 ... Dojge Mtg. Cos. pfd. Home Brewing Ind. Hotel cum 60 Inil. Hotel pfd 03 Ind. Nat. Life Ins. Cos Ind. Title Guarnty Cos Ind. Pipe Lines 77 Indpls. Abattoir pfd 60 Indpls. G.’-s 50 Indpls. Tel. Cos. com 2 Indpls. Tel. Cos. pfd 90 ... Met. Pub. Util, pfil Nat. Motor Car Cos ... 7 Pub. Snv. Ins. Cos ... ... Kntih Fertiliser pfd ... Stand. Oil of Indiana 71 73% Sterling Fire Ins. Cos B*4 Van Camp Hdw. pfd 90 100 Van Camp I’rods. Ist. pfd 100 Van Camp i’rod. 2d pfd 100 Vandalla Coal Cos. com Vandalia Coal Cos. pt'd Wabash Ry. com Wabash Ry. pfd 20 BONDS. Broad Ripple 5s 60 ... Citizens St. Ry. 5s Indian Creek Coal & Mine 100 Indpls. C. A South 5s 88 ... Indpls. & Martinsville 5s Indpls. Northern 5s 40 Indrls. & N. TV. Es 50 Indpls. A S. E. 5s 45 Indiils. A S. E. 5s 70 Indpls. St. Ity. 4s 47 57 Indpls. T. A T. 5s 68 ... Ind. Coke and Gas 6s 02 T. IT. I. A E. 5s U. T. of Ind. 5s Citizens Gas Cos. 5s 72 78 Indpls. Gas 5s 71 Kokomo, M. A W. 5s 77 Ind. Hotel Cos. 2d 0s 03% ... Indpls. Light & Heat 55.... 73% 80 Tndpls. Water 4%5..., 06% ... Indpls. Water 5s 88 Mch. lI.A L. 5s 85 Now Tel. Ist 6s 94 New Tel. L. D. 5s 03% ... Sou. Ind. Power 5s 91 •Ex-dividend. LIBERTY BONDS. Liberty first 3%s 88.36 Liberty first 4V4s 90.72 Liberty second 4*/ 4 s 09.42 Liberty third 4%s 03.78 Liberty fourth 4*,4s 00.74 Victory 3%s 09.26 Victory 4%s 09.26 Victory 4% s 99.20 WHOLESALE FEED PRICES. Ton. Cwt. Acme bran $21.59 sl.lO Acme feed 21.50 1.10 Acme rnidds , 21.50 1.25 Acme dairy feed 21.75 2.15 E-Z dairy feed 31.75 1.65 Acme H. A 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 1.45 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 36.50 1.90 Ground oats 30.00 1.00 Homliclc white 27.25 1.40 Rolled barley 36.50 1.90 Alfalfa mol 32.00 1.05 Cottonseed meal 53.00 2.76 FLOUR AND MEAL. E-Z bake bakers’ flour In 98-lb. cotton bags $ 8.80 Cora meal ia 100-lb, cottoa bagful 1.75

GRAIN VALUES SHOW ADVANCES Increased Export Demand Is Chief Market Factor. CHICAGO, Oct. 3. —Increased export demand for bard winter wheat caused grain quotations to advance on the Chicago Board of Trade today. There was heavy buying- by large commission houses. Receipts were small. Provisions were higher. December wheat opened unchanged at $117% and closed up lc. May wheat opened off */4c at $1.22% and at the close advanced lc. December corn opened unchanged at 49%c and closed Up %e. May corn, after opening off %e, at the close regained %r. December oats opened up %c at 3G’/sC and closed up *4O. May oats opened iiu %e at 40%c and at the close gained %c. (By Thomson A McKinnon) —OcL 3

Wheat—lt is entirely natural for any market to experience a reaction, particularly after a protracted swing in rrlces. We construe the action of wheat today as a logical reaction, probably of a temporary character. We are unable to discover any foreign demand or indication of such demanti in the ntjar future. It '3 at tills time of year that export trade turns to the Canadian wheat and it cannot he said that there is Sny broad or urgent foreign buying of the Canadian crop. Inasmuch as the foreign outlet is the foundation of the market, we ask you to note that Winnipeg December wheat on the basis c.f tiie present rate of exchange is some 7 or 8 cents cheaper than Chicago December. It is not ncessary to refer to the duty simply because this comparison refers to offerings for export. We feel that there must be material improvement in the export busine .s if prices are to show any permanent strength. Cora and Oats—There is a very free movement of corn from the country. It is not possible to say just what becomes of all this corn, but you will note the visible supply shows a small decrease. The present movement is undoubtedly to make room for anew crop. There Is a growing belief that the prevailing prices in corn and oats more than reflect the recent arguments given for lower pr'ces. We believe that the time has gone tiy when sales will prove profitable. On the contrary we suggest that the investment side of the market should be given attention. Provisions—The taking of lard deliveries on October contracts by strong interests steadied the entire market and induced a little short covering. CHICAGO GRAIN MARKETS. —Oct. 3 WHEAT— Open. High. Low. Close. Dee 1.17% 1.19 1.16% 1.18% May.... 1.22% 1.25% 1.21 1.23% CORN— Dec 49% .50% .48% .40% May 54% .55% .54% .55% OATS— Deo 36*4 .36% .35% .36% May 49% .41 .40% .40% roitK—•Nov.. 17.00 •Jan 15.00 LARD— Oct 30,12 10.12 10.05 10.05 ■Tan 9.20 9.22 9.15 9.20 RIBS •Oct 6.75 Jan 7.92 7.05 7.02 7.02 RYE— Dec 06 .98 .95% .97% May.... 1.00% 1.03 1.00 1.03 •Nominal. CHICAGO CASH GRAIN. CHICAGO, Oct. 3—Wheat—Cash No. 3 red. sl.3l*i; No. 4 red, $1.19%; No. 2 b ird winter, $1.16%© 1.17%; No. 3 hard winter, $1.16%© 1.17%; No. 3 hard winter, $1.16*4; No. 2 mixed, [email protected]%; No. 3 mixed. 51.17#1.20. Corn—No. 2 mixed. 40% ©, 17%e; No. 2 yellow, 47@47%e; No. 3 mixed, 46*i® 16%c; No. 3 white. 40%©) 17%c; \o. 4 mixed, 46c; No. 4 yellow. 16©4i %c. Oats—No. 2 white, ;i%© :'-■>*>.c; No. 3 whit e, 325,@3t0; No. 4 white, 32@32%c. TOLEDO GRAIN TRICES. TOLEDO. Oct. 3—Wheat—Cash, $128; I' comber. $1.51: May, $1.37. C irri -Cash. 5.”/© 54c. Oats—Cash. 30® 10c. Bye-Cash, Die. Burley—Cash. 62c. TriMARY MARKETS. (By Thomson A McKinnon.) —Oat. 3 —Receipts— Wheat. Corn. Oat St Joe 49.00(1 37.00) 1.00(1 Chi ago 9-!.000 1,224.000 IR6.O01) Milwaukee .... 46.(Kh) 400.00!) 225.090 Minneapolis .1,157.001) lio.wio 513.000 Duluth 93.009 89,000 St. Louis 305.01.9 163.000 204.009 Toledo 6.1100 11.009 10.009 Detroit 12.000 10.000 18.60,9 Kansas City.. 652.60 ) 70.000 65.000 Peoria 7,001 .83.000 76 000 Omaha 212,000 171.0c0 62.<m;) Indianapolis.. 13.000 24.000 28,000 Totals 2,616,009 2.394,000 1.469.000 Year ago.. .2,179,000 1.013,000 720.000 —Shipments— Wheat. Corn. Oats St. Joe 33.000 11.000 4.000 Milwaukee ... 3.0(H) 381.000 17,60.) Minneapolis.. 18,509 7.000 53,000 Duluth 173.000 23,lH>i 2,000 St. Louis 140.0(H) 62,000 50. (HI) Toledo 1.300 13,000 Kansas City.. 308.00.) is.oco 22.(811 Peoria S.OOO 37.001) 63,000 Omaha 146,000 46.h'() (Pihmi Indianapolis 4,000 18,000 Totals 1,057,609 1.421,000 367,009 Year ago... 1.304,000 242,000 533,000

INDIAN.\rOI.IS CASH GRAIN. —Oct. 3 Bids for cur lots of grain and liny at the call of the Indianapolis Board of Trade were: Wheat—Firm; No. 2 red. [email protected]. Corn—Firm: No. 2 white, 50J£®52c; No. 3 white, 50®51e; No. 2 yellow, 51 ® 52e: No. 3 yellow, 60®_510; No. 2 mixed, 50® 51c; No. 3 mixed, 49> jti SO'-ic. Oats —Firm: No. 2 white, SCliSjiWc: No. 3 white, 33<5/.hC'. - jC; No. 4 white, 33(5/) 35c. Hay—Slow: No. 1 timothy. $17.50®18; No. 2 timothy, sl7® 17 50; No. 1 light olover mixed, $10.50® 17; No. 1 clover, $10.50® 17.50. —lnspections Wheat—No. 2 red, 1 car; No. 3 red, 1 car: No. 4 red, 2 cars; sample, 5 cars; total. 9 cars. i Corn—No. 1 white, 10 cars: No. 2 white, 10 cars; No. 3 white, 1 car; No. 0 white, 2 cars; No. 1 yellow, 13 cars; No. 2 yellow, 0 cars; No. 3 yellow, 1 car; No. 1 mixed, 3 cars; No. 2 mixed. S cars; total, 00 cars. Oats—No. 3 white, 30 cars; No. 4 white, 14 cars; sample white, 3 cars; No. 4 mixed. 1 car; total, 4S cars. Rye—No. 2, 1 car; sample, 1 car; total, 2 cars. Hay—No. 1 timothy, 1 car. —Clearances— Wheat. New York 394,000 Baltimore 80.000 Total 474,000 Year ago 3,805,000 HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered : Hay—Loose timothy, sl7@lS; mixed hay, $16@17: baled hay, $17@19. Oats—Bushel, new, per bushel 34@37c. Corn—Old, per bushel, 55®UOc. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying $1.17 for No. 1 red winter wheat ; $1.14 for No. 2 red winter wheat and according to test to* No. 3. Oats are <iuoted at 28c for No. 3 white or better. INDIANAPOLIS PRODUCE. Butter —Local dealers are paying 40® 41c per lb for butter delivered In Indianapolis. Eggs—Loss off, 37®38c. Butter —Packing stock, 18@19e. Poultry—Fowls. IS® 24c; springers, 20@24e; cocks, 10@12c; young hen turkeys, 8 lbs. up. 35c; young tom turkeys, 12 lbs. up. 35c; old tom turkeys, 25@30c; cull thin turkeys not wanted; ducks, 4 lbs. and up, 15®ltte; spring ducks. 3 lbs and up, 16c; geese, 10 lbs. and up, 0®lle; squabg, lllbs. to the dozen, $4.50. Butterfat— Local dealers nre paying 40c per pound for buttertat delivered in Indianapolis. NEW YORK TURPENTINE. NEW I*oltK. Oct. 3. —Turpentine sold at 74c per gallon lu trade on the market here today.

Weather The following table shows the state of the weather in other cities at 7 a. m . Oct. 3, as observed by United States Weather Bureaus: Station. Bar. Temp. Weather. Indianapolis, Ind. . 29.87 53 Clear Atlanta, Ga 28.82 70 Clear Amarillo, Tex 30.14 50 Clear Bismarck, N. D. .. 30.22 30 PtCldy Boston, Mass. .... 29.82 62 Cloudy Chicago, ill 29.8S 46 Clear Cincinnati, Ohio . 29.80 56 Cloudy Cleveland, Ohio .. 29.70 56 Rain Denver, Colo.’ .... 50.20 44 Clear Dodge City, Kas. .. 30.20 42 Clear Helena, Mont 30.1S 42 Clear Jacksonville, Fla. . 29.92 76 Cloudy Kansas City, Mo. .. 39.12 48 Clear Louisville, Ky. ... 29.88 58 Cloudy Little Rock, Ark. 29.98 64 Clear Los Angeles, Cal. . 30.02 62 Cloudy Mobile, Ala 29.88 76 PtCldy New Orleans, La. . 29.99 76 PtCldy New York. N. Y. . 29.78 66 Cloudy Norfolk. Ya 29.80 TO Cloudy Oklahoma City .... 30.12 50 Clear Omaha, Neb 30.16 44 CJear Philadelphia, Pa. .. 29.76 64 Rain Pittsburgh, Pa. .. 29.68 GO Rain Portland, Ore. ... 30.08 52 Clear Rapid City, 8. D. . 30.22 44 Clear San Antonio, Tex. . 29.98 64 Rain San Francisco, Cal. 30.02 08 Clear St. Louis, Mo. ... 39.00 50 Clear St. Paul, Minn .. 39.00 38 Clear Tampa, Fla 2094 50 Clear Washington, D. C. 29.72 60 Cloudy WEATHER CONDITIONS. Since Saturday morning showers have occurred from the middle and lower Mississippi Valley eastward in connection with a disturbance which now overlies the middle St. Lawrence Valley and Allegheny region. The distnrbanee is being followed by a field of high barometric pressure now covering most of the trans-Mississippi region. except the Canadian northwest. It H aceompanied by lower temperatures generally, with frosts last night as far south as Kansas, northern Missouri, and northern Illinois. There is rising temperature again, however, in western Canada, due to a depression centered in northern Alberta. J. H. ARMIXGTON. Meteorologist, AVeather Bureau. CORN CROP SUFFERS DAMAGE Cholera Among Hogs Is Extensive —Farm Labor Plentiful. Damage to the corn crop by ear worm and mould is quiet extensive, according to the weekly crop letter issued today by George C. Brvant. agricultural statistician to the United States Department of Agriculture. feeveml rains and wind storms during last week did tonsiUernb’.e damage to both crop and farm buildings, the report stated,-ami outdoor farm work was temporarily stopped. The report in part follows: “Corn cutting and silo filling Js fast nearing completion. All but exceptionally late planted fields are now out of the way of frost damage. Ear- wyrin and niou’il damage is very extensive. “Wheat seeding in the northern counties is practically completed and is genrral as far south ss th" renter of the State. The twisted condition of many corn, fields will curtail the acreage very materially in many localities. All sowing to date has been done under favorable conditions. “Rve seeding is progressing along with wheat seeding and the acreage will he materially increased to the detriment of wh-at. “I,at-> potatoes are bring harvested, hut the yield generally is very low, although thor • ar > some r ood fields. “Meadows and pastures continue in good condition. Young clover is lookic r exceptionally good. Many clover livda left for s.-ed have hem abandoned. Red clover is not turning out as well as other varieties. “Tobacco turned out better than expected. hut weather conditions during tin- past week ha e r.ot be a favorable. “The commercial apple crop is probably the smallest ever harvested iu the State. “Hog cholera is quite extensive in some localities. Other stock generally is in good condition. “The farm labor supply continues plentiful.” t

EXHUETE BODY OF EDW. F. SEARLES Anonymous Letter Hints Poison Caused Death. LAWRENCE, Mass , Oct. 3—The body of the late Edward F. Scarles, multimillionaire Methuen recluse, will be exhumed and aa autousy performed to determine the truth or falsity of a rumor that the aged art fancier was poisoned. District Attorney S Howard Donnell today issued a statement iu which he stated lie would r ‘quest permission of the board of health to exhume the body. The ariion is admittedly tnk->n following the receipt of an anonymous letter stating that if “my old friend Edward F. Senrles had not been murdered at leitst bis end had been hastened." Edward F. Scarles died Aug. 5, 1920, 011 his Metheun estate. Dr. Victor A. lteed gave heart disease ns the cause of death. Dr, Reed now admits that there were symptoms of poisoning in evidence sometime before the aged recluse died. He had been less eighteen months. Less than a month before his death Scarles drew up a will disposing of about $5,090,009. Albert Yirior S“->r’-’, a nephew, who was loft but $250,000, started a fight to break the will, but settlement was made out of court. Marriage Licenses William Reid. 1525 'V. Vermont st 53 Estella Layman. 238 S. Wurman av... 36 Charles Mills. 321 E. Ohio st 50 May Wells, 138 N. Alabama st 40 John Marsh, Jr., 316 Graham av 31 Viola McCreery, 511 N. Bolton av 23 Earl Beckenhaugh. 1089 W. 2Sth 21 Rose Smith, 93S Eugene st 22 Vernon Amniermnn, 2708 N. Dearborn IS Mary Schwab, 2309 Martindale av 19 SENATE COMMITTEE HEARINGS. WASHINGTON, Oct. 3.—The Senate Finance Committee agreed today to resume tariff hearings Nov. 1. The livestock interests will be heard first. Senator Penrose, Republican, Pennsylvania, announced today. DOVEBRANDHAMS fA TASTE YOU CAN’T FORGET iiiiNti Auto.( Indijwpalu Ckarr.fctr o( Pommw

MART PRESAGES BETTER TIMES FOR BUSINESS Oils and Minerals Show Improvement and Other Lines Feel Activity. EUROPE COUNTED OUT Special to Indiana Daily Times . and Philadelphia Public Ledger. By C. B. EVANS. ! CHICAGO, Oct. 3—Reports from varl- : ous lines of business in this city recently said to have shown some improve* nient are confirmed by further advices, ' and some items are added to the list. The i feeling here is more confident, in spite j of recent declines in agricultural prod- ; ucts which are a disappointment to a ! large number of people. Some local upj turns have been exaggerated in the imj agination of observers, and, of course, I it will take a great many changes to ; constitute a complete ease for revival. The fact that a large corporation hero ! recently sold 200,000 pounds of popcorn I in one day does nto mean that everybody on earth is popping corn. 1 The best evidence of the breadth and ! genuineness of the change is found in ; the security market, for securities are ; based on property, manufacture and ' merchandising, and the new prices of i securities are a result of reports lrom | Ujose interests, which, in the main, show ' cessation of decline, or actual advance. , The same process is now going on as ! for three months past, or even many months; that is, buyers are picking up j stocks little by little on the broad gen* i eral idea that they must rise sometime. I And there is no basis so good for strength in securities as strength in merchandise. Os course, the moderate decline in money rates has helped. OIL STOCK? ! SHOW GAINS. j Chief among the commodities forming ! such a basis is petroleum. The feeling is that, if anything is going to be a success iu the future, that commodity will be, for it is coming into more and more general use in all sorts of connections and the experts tell us the supply is limited, thouch so far as appears no one of them has been all over the world and put the matter to a test. And we know that fat is one of the essentials and that I mineral fat is the best of all for some I purposes. Terhaps the great wealth that | Chicago has derived from the fat of pigs 1 has predisposed our people toward the ; grease that spouts itself out of the earth, j Frobahly it cannot be said definitely J that the lift in oil stocks was initiated Jby purchases in this city, but certain : it is that our investor), and traders have | participated liberally. The interest in I Texas Company here is a big one and i quite a good many buyers have gone ; into that phenomenal performer. Texas I & Pacific Coal and Oil, while Salt Creek j and other AA'yoming issues are favorites. JTairie Oil and Gas recently has gotten a movement on itself, but fit smells j rather strong of money for the ordinary ! Irader. As to the opinion of those in it an officer of the company may be quoted ;as saying when the price was SIOO the ! company could abandon all work and liquidate at SSO9 per share. The movement in the copper stocks also is based on an e: umate of the condition of the trade in that metal, which heretofore concealed and silent in its underground seclusion .s beginning to demon* a little in the open. The amount of this metal above ground appears to | l) - v< ’ r . r small, the operations of the mines ; is at a low ebb. and the demand is small, j consequently the advanced prices for the stf -ks must be considered a prophecy, and sometimes prophecies go wrong, but confidence in this city is great. It is i illogical to buy these stocks at the advance in prices and leave poor little l nited States Steel alone iu its corner at SO or thereabouts, for the sales of cooper will not likely he large before the sales of steel are large, but thu th ought is that when coppers start going the? go much more rapidly than most other stocks. Moreover the amount of monev ! involved in 100 shares of this class is much smaller than in the case of the large 1 steel companies. | Speculators here are practically count--1 '**2 Europe c> it of the game. This ordinarily is a dangerous thing to do, but it is felt that the worst is known and that even if Germany becomes admittedly bankrupt the event will not throw the earth out of its orbit.—Copyright, 1921, by the Public Ledger Company. Motorist, With Car on Fire , Hastens to Find Fire Laddies ST. PAUL, Oct. 3.—Fire engines came to a halt in front of a burning building and hoard the impudent screech of a j Ford rushing toward them. Its hood and framework were on fire. A. J. Kurtz, jumped out and the firemen put out the blaze. j ’’Efficiency” smiled Knrtz.” I heard you coming anl thought I’d better meet ! you.’’

LEGAL NOTICE. * Statement of the Ownership. Management, Circulation, etc., required by the act of Congress of Aug. 21. 1912. of Indiana Dally Times, published daily, except Sunday, at Indianapolis. Indiana, for Oct. 1, 1921, State of Indiana. County of Marion, ss: Before me. a notary public in and for the State and county aforesaid, personally I appeared Harold Hall, who. having been duly sworn according to law. deposes and | says that he is the manager of the Indiana | Daily Times and that the following Is. to i the best of hts knowledge and belief, a true statement of the ownership, management (and if a daily paper, the circulation). etc., of the aforesaid publication for the date shown in the above caption, required by the act of Aug. 24, 1912, embodied in section 443, Postal Laws and Regulations, printed on the reverse of this form, to wit: 1. That the names and addresses of the publisher, editor, managing editor and business managers are Publisher, Indiana Dally Times Cos.. Inc., Indianapolis. Indiana: (litor. R. A. Butler. Indianapolis, t.idiana: managing editor, R. A. Butler. Indianapolis. Indiana; manager, Harold Hall. Indianapolis. Indiana. 2. That the owners are: Indiana Daily Times Cos., a corporation organized under ! the laws 1 Indiana. Stockholders holil- ! ing 1 per cent or more of stock are W. D. 1 Boyce, Chicago, Illinois, as tiyustee for IV. jD. Boyce Cos. Stockholders holding 1 per cent or more of stock in the W, D. Boyce Cos. are W. D. Boyce. Chicago, Illinois. 3. Th(-C the known bondholders, mortI gagees and other security holders owning j or holding 1 per cent or more of total | amount of bonds, mortgages, or other securities are: None, except a real estate I mortgage given to Union Trust Cos., Ini ilianapolis. Ind., trustee, to secure notes | for balance purchase price of company’s | building, holders of which notes are un- | known. | 4. That the two paragraphs next above. : giving the names of the owners, stockJ holders, and security holders, if any, con- ; tain not only the list of stockholders and security holders as they appear upon the I books of the company, but also, in cases where the stockholder or security holder appears upon the books of the company aa trustee or in any other fiduciary relation, the name of the persons or corporation for whom such trustee is acting, is given; also that the said two paragraphs contain statements embracing affiant's full knowledge and belief as to the circumstances and conditions under which stockholders and security holders who do not appear upon the books of the company as trustees. hold stock and securities In a capacity other than that of a bona fide owner; and this affiant has no reason to believe that any other person, association, or corporation has my- interest, direct or indirect. in the said stock, bonds or other securities than as so stated by him. 5. That the average number of copies of each Issue of this publication sold or distributed, through the mails or otherwise, to paid subscribers during the six months preceding the date shown above is 42,310. HAROLD HALL, Manager. Sworn to and subscribed before me this third day of October. 1921. 1 W. B. NICE|WANGER. NOjarv Public, My commission expires Jam it, list.