Indianapolis Times, Volume 34, Number 140, Indianapolis, Marion County, 22 October 1921 — Page 13

OILS CONTINUE UPWARD CLIMB ON STOCK MART Steels Hold Steady, but No Activity Is Shown on Business Barometer. SHORTS ARE SQUEEZED Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Oct. 22. —Professional operation* dominated the stock market, and while the general tone was somewhat irregular, the exploitation of the short Interest in a few of the specialties furnished plenty of excitement and interest for the commission bouse onlookers. Mexican Petroleum, which was heavily sold earlier in the week, was forced upward more than 7 points, the shorts in Pullman were given another squeeze and new high levels were estallished in some of the specialties, among them being Haskell & Barker, May Department Stores, American Ice, Corn Products and Jones Tea. The Strength displayed by the market In the early trading came as something of surprise in view of the rather unfavorable complexion of the news on the railroad strike. The technical market position in some of the specialties proved to be sufficient to offset the unfavorable character of the general news and the process of running In the shorts, was taken In hand early In the sess.on. The tendency of the oils was still upward, although some of the recent leaders were not so active as they have been There were plenty of others to take their places, however, and Houston Oil, Mexican Petroleum and the Standard Oil Issues came to the front. Among the Industrial specialties, General x Electric, American Express, Wells Fargo and Studebaker were strong. The steels were steadier but not active. Considerable interest was taken in the renewed rise in the ratio of the Federal Reserve system, which showed a gain of nearly 2 points to the new high level of 70.3. The New York Bank made a rise in ration of 6 points to the basis of S3, largely as a result of the gain in Its share of the gold settlement fund. The trading element is showing that more and more of a disposition to ignore the strike as a market factor.—Copyright, 1921, by Public Ledger Company.

Weather

The following table shows the state of the weather in other cities at 7 a. m.. Oct. 22, as observed by United States Weather Bureaus: Station Bar. Ter f>. Weather. Indianapolis, Ind. . 80.01 6 Clear Atlan'i, Ga 30.14 34 Clear Amari.io, Tex 29.80 *SO Hear Bismarck, N. D. . 30.14 39 Clear Boston, Mass 29.88 49 Clear Chicago, 111 29.88 52 Clear Cincinnati, 0 30.08 46 Clear Cleveland, 0 29.88 48 Clear Denver. Colo 30.90 33 Clear Dodge City Kas. . 29.58 46 Clear Helena, Mont 29 92 34 Cloudy Jacksonville, Fla. . 30.08 66 Clear Kansas City. Mo. . 29.98 T>4 Clear Louisville, Ky 30.12 48 Clear Little Rock, Ark. . 30.06 50 Clear Lo# Angeles, Cal. . 29 84 62 Cloudy Mobile, Ala 30.06 50 Clear New Orleans, La. . 80.04 60 Clear nNew York, X. Y. .. 29.98 4S Clear "Norfolk, Va 30.14 52 Clear Oklahoma City .... 29.88 56 Clear Omaha. Neb 3002 48 Clear Philadelphia, Pa. . 30.04 46 Clear Pittsburgh, Pa 30.04 44 Clear Portland. Ore. ... 29.76 46 PtCldy Rapid City, S. D. . 30.12 36 Cloudy Roseburg, Ore. ... 29 72 49 Cloudy San Antonio, Tex. . 29.99 56 Clear San Francisco, Cal. 29.82 54 Clear St. Louis, Mo. ... 30 00 52 Clear St. Paul, Minn. ... 29.99 44 Clear Tampa. Fla 80.00 68 Cloudy Washington, D. C. . 30.08 46 Clear WEATHER CONDITIONS. Fair weather has prevailed throughout the United States since Friday morning, but some light precipitation has occurred in w-estem > Canada. Temperature t~s a rule, are a little higher from the Lakes region southward, due to the eastward movement of the disturbance which was over the Plains States Friday ; while colder weother has overspread the northwest in connection with a field of high pressure following. J. H. ARMIXGTON, Meteorologist, Weather Bureau. NEW YORK PRODUCE. NEW YORK, Oct. 22.—Dressed poultry prices were steady on the mnrket here today: Chickens. 20©.38c per lb: fowls, 19@3Sc; turkeys, 25@50c; ducks, 31%c. Live poultry prices were unsettled: Chickens. 23@28e; fowls, 20(§31c; ducks, 32@40c. Butter values were steady: Creamery, extras. 47@49c; creamery firsts, 39@47c; creamery, high scoring, 48@50%c; tubs, 81@46%c. Cheese prices were steady to strong: Whole milk, specials, 22%@23c; whole milk, fancy, 21@22c; Wisconsin, whole milk, fancy young Americas, 21®‘22c; skims, special ,145® 15cr: skims, choice, 11 @l3c;’ skims, good, @loc. Egg prices were firm: Nearby white, fancy, 90c: nearby brown, fancy, 65@68c; extras, 61(562c; firsts. 50@55c. a Milk is selling at $3 37 per 100 pounds, Phellvered In New York City.

INDIANAPOLIB PRODUCE. Butter—Local dealers are paying 42® 43c pet' lb. for butter delivered in Indianapolis. Eggs —Loss off, 43@45 Butter—Packing stock, 19@20c Poultry—Fowls. 17® 23c. springers, 43@45; cocks, 10@lle; young ben turkeys, 8 lbs. up, 32c;.voung tom turkeys, 12 lbs. up, 32c; old tom turkejs. 25®27c; cull thin turkeys not wauted: ducks. 5 lb* and up, 16@20e; spring ducks, 3 lbs. and up, 16®i8c; geese, 10 lbs. and up. 10® 12; rabbits, drawn, per dozen, $3; squabs, 11 lbs. to the dozen, $4.50; young guineas. 2-lb. size, per dozen, $7.50. t Butterfat —Local dealers are paying 43c per pound for a butterfat delivered In Indianapolis. CLEVELAND PRODUCE. CLEVELAND, Oct. 22 Butter—Extra, In tubs. 51@51%c; prints. 52@53%c: extra firsts, s<>@so%c; firsts. 49@49%c: packing stock. 23@25c; seconds. 40®40%c. Eggs—Fresh gathered northern extras, 52c: extra firsts, 51c: Ohio firsts, new cases. 47c; old cases, 46c: western firsts, new cases, 43c Poultry—Live, heavy fowls, 20@27c light folws, 18®20c: roosters, 15c; light springs, 20c; live spriug ducks, 23@26c. Potatoes—Jersey, $3.40® 3.60 per 100-lb bag. Sweet potatoes. g< od. $3.90@4 per bbl. CHICAGO PRODUCE. CHICAGO, Oct. 22—Butter—Receipts, 8,200 tubs; creamery extras, 44%; firsts, 85®43c; packing stock, 23@24. Eggs— Receipts, 5,000 cases; current receipts, 43®45c; ordinary firsts, 40®42c; checks, 24®26c : dirties. 27®29c. Cheese—Twins, new, 20%@21c; Daisies, 21%®22%c: Young Americas, 29%@21c: Longhorns, 20%@21c; Brick, 21%@22. Live poultry— Turkeys, 28c; chickens, 18c; springs, 21e; roosters. 14c; geese, 23c; ducks, 28c. Fotatoes —Receipts, 120 cars; Northern Whites, [email protected] per 150-lb. bag; North and Minnesota Red Rivers, SI.SS Pj 1.95. TAKEN ON DELINQUENCY CHARGE. Three men were arrested today charged with contributing to the delinquency of Sophia Pasch, 1415 Olive street. The arrests were made on affidavits sworn to b.v William Kelley, Rural Route 6, Box 365, Indianapolis. The men arrested are S. S. FYsher, 330% South East street; Leonard Robert Ray, 24, 1421 Olive street, and Pearl Howe, 330% South East street. Jesse Gallagher, 20, 510 East Ohio street, was arrested on a warrant today charging him with contributing to the delinquency of Audrey Harvey, 221 South 1111aola street.

Financial Review

NEW YORK. Oct 22.—Greeted by a heavy overnight accumulation of buying orders in the Industrial group, the market today started in with a rusn and stocks of Mexican Pete, Pullman, General Asphalt. Houston Oil and Studebaker advanced sharply daring the first hours trading. Various operators who had steadfastly refused to believe that the price movement was capable of a sustained rise, were badly punished in the upward drive and their hasty attempts to extricate themselves from a disastrous position gave further impetus to the advance. Rallstock* showed an improved tone in the Initial dealings, but turned heavy before the close, under the influence of a sudden wave of feeling in Northern P cific Until the rail strike is definitely out of the way, Wall street expects no real recovery In the carrier group, but in the meanwhile, the financial community Is displaying no apprehension regarding the outcome of the labor dispute.

N. Y. Stock Exchange

(By Thomson & McKinnon.) —Oct. 22 Prev. High. Low Close close. Allied Chemical 45% 45% 45% 45% Ajax Rubber... 20% 19% 20% 19% Allis-Chalmers.. 34% 34 34% 34% Allis-Chalmers.. 34% 34 34% 33% Am. Agri 30% 30% 30% .... Am. B. Mag. Cos. 35 35 35 .... A. Car A Foun. 130 128% 128% 128% Am. Can 25% 25% 25% 26 A. H. & L. com. 9% 9% 9% 9% A. H. & L. pfd. 49 49 49 48% Am. Ice 64 64 64 32% Am. Inter. Corp. 33% 33% 32% 32% Am. Loco 91% 90 91 89% Am. Smelt. &R. 36® 36% 36% .... Am. Sugar Ref. 52% 51% 51% 51% A. Suma. T. Cos. 36% 34% 35% 30% Am. Steel F.... 23% 23% 23% 23% Am. Tel. & Tel. 108% 108 108% 108 Ajn. Tobacco.. 125® 124 124 125% Am. Woolen 76% 74% 74% 74 H Anaconda M. Cos. 39% 39 39 % 39 Atchison 85% 85% 85% 85% At. G. & W. I. 28% 27% 27% 27% Baldwin L0c0... 89% 57% 87% 87 B A 0 36% 36% 36% 36® Beth. S. (B) ... 54% 53% 53% 54% CaL Pete 43 41% 41% 42% Canadian P. R. 111% HO® 110% 111 Cen. Leather... 27% 26% 26% 27% Chandler Motors *2% 41% 41% 42% C. & 0 54 54 54 54 Cht. M. AS. P.. 23% 23 23% 23% C. MA S P pfd 36% 36 36% 87% Chi A North... 67% 66% 66% 66% Chi., R. I. A P. 32 31% 31% 31% Chill Copper.... 11% 11% 11% 11% Coca-Cola 34% 34 84 35 Col. Fuel A Iron 24% 24% 24% Columbia Gas.. 62 60% 61% 61% Columbia Graph. 3% 3% 3% 3% Cons. Gas 90 89% 90 89% Cosden Oil 33 32% 32% 33 Corn Products.. 80 79 % 79% 79% Crucible Steel.. 62 63% 61% 60% Cubai.-Am. Sug. 12% 12 12% 11% Cuba Cane Sug. 7% 7% 7% 7% Del. & Lacks...lo6 105 106 * 105 Erie 11% 11% 11% 11% Erie Ist pfd 17% 17% 17% 17% Famous Players 64% 62% 63% 62% Fisk Rubber 10% 10% 10’, 10% General Asphalt. 57% 55% 56% 55% General Cigars. 60 60 60 Gen. Electric.. .129 128 128% 128 General Motors. 10 9% 9% 9% Goodrich 31% 31% 31% 31 Gt. North, pfd.. 71% 70% 70% 71% Gt. North. Ore.. 30% 29% 30% 29% Houston Oil 75 70% 74 69 Haskell-Garker. 73% 68% 70% 68 Inspir. Copper.. 34% 34% 34% 34% Indiahoma 8% 3% 3% 3% Invincible Ore.. 11 10% 10% io% Inter. Harvester 78 77 77 % 75%. Internatl. Nickel 13% 13% 13% 13% Inter. Paper.... 73% 68% 70% 49% Tsl. Oil & Trans. 3% 33% 8 K. C. South.... 23% 23% 23% 24 Kelly-Spg Tire. 40% 40% 40% 40 Kenct. Copper.. 21% 20% 21% 20% Lehigh Valley.. 53% 53% 53% 58 Lee Tire 28 28% 28% 28 Loews, Inc. 13% 13% 13% 13% L A N 107% 107% 107% Mont. A Ward.. 18% 18% 18% 18% Mex Petroleum. 106% 102% 103% 103 .Miami Copper... 22% 22% 22% 22% Mid. States Oil.. 13% 13% 13% 13% Mo. Pac 18% 17% 17% 18% Mo. Pac. pfd... 41% 40% 40% 41% Nat. En & St.. 39% 39% 39% 39 N. Y. Central... 71% 71 71 71% New Haven 13% 13% 13% 13% Nor. & West 94% 94% 94% 94 North Pac 74% 72% 72% 74 Okla. P. & R. Cos. 2% 2% 2% 2% Pacific Oil 42% 41% 42 42% Pan-Amer. Pet.. 46% 45 45 45% Penna. Ry 35% 35% 35% 35% People’s Gas.... 52% 52 52 % 52 Pierce-Arrow ... 13V* 12% 13 13 Pierce Oil C 0... 7 6% 7 7 Pittsburgh Coal 59% 59% 59% 60 Pressed Stl. Car 56 50 56 55 Pull. Pal. Car.. 99% 97% 99% 96% Ry. Steel Spgs. 84 84 84 Pure Oil 30% 30 30 30% Reading 09 09 09 69% Rep. I. A- Steel. 47% 47 47% 47 Royal Dutch 44% 43% 43% 43% Sears-Roebuck .68 66% 66% 66% Sinclair 21% 21% 21% 21% So. Pacific 77% 77% 77% 77% Southern Ry 18% 18% 18% 19 Stand. O. N. J. 150% 150 150% 150 St.L. A S.F.com. 21% 21% 21% 22 Studebaker .... 75% 73% 73% 74 Tex. Coal A Oil 26 25% 25% 25% Texas Cos 40% 4040 40 Texas A Pacific 21% 21 21 21% Tob. Prods 66% 65% 66% 04 Trans. Oil 8% 8% 8% 8% Union Oil 20% 20 20 20% Union Pacific ..119% 118% 118% 119% U. B Stores.... 53% 53 53% 53 U.S.F. P. Corp. 12% 12% 12% 13 U. Fruit Cos. ..111% 110% 110% 110% United Drug.... 57% 57% 57% .... U.S.lndus. Aleo.. 44% 44% 44% 44 U.S. Rubber... 48% 47% 47% 48 U. S. Steel 78% 78 78% 78% Utah Copper.... 53 52% 52% 52% Van. Steel 30% 30% 30% 30% Wabash 7% 7% 7% 7 White Motors.. 86% 36% 36% West. Electric.. 45% 45 45% 45 White Motors... 36 36 % 36% W-Overlami .... 5% 5% 5% 5% Wilson A C 0.... 34 33% 33% Wool worth 118% 118 118 119% White Oil 12% 12% 12% 12%

NEW YORK LIBERTY BONDS. —Oct. 22 Prev. High. Low. Close close Liberty B%s .... 92.54 91.80 92.24 92 16 Liberty Ist 4s 93.06 Liberty 2nd 45.. 92.36 92 34 92.60 Liberty Ist 4%s 94.00 93 40 93.78 93 40 Liberty 2nd 4%s 92.60 92.40 92 44 92 50 Liberty 3rd 4%s 94.80 94 66 94.66 94.80 Liberty 4th 4%s 93.00 92.70 92.80 92.78 Victory 3%s 99.48 99 46 Victory 4%s ... 99.50 99.46 99.48 99.50 CHICAGO STOCKS. (By Thomson A McKinnon.) —Oct. 22. Open High Low Close Armour pfd. ... 91 92 91 92 Armour Lea 12% ...J ; Carb. & Carbon 43% 48% 43 43 Libby 7% 7% 7% 7% Nat. Leather .... 6% 6% 6% 6% Piggly Wiggly .14 Sears-Roebuck. 67% 67% 66% 66V 2 Stewart-Warner 24 24 23% 24 Swift A Cos. ... 96% 97 96% 97 Swift Int 22% 23 22% 23 NEW YORK SUGARS. NEW YORK, Oct. 22.—Refined sugar was steady in trade on the exchange here today, Cubas quoted at 4.11 c per pound, duty paid, and Porto Ricos at 4c per pound, delivered. Refined sugar was also steady, fine granulated selling at 5.20® 5.30 c per pound and No. 1 soft at 5.3(c per pound. NEW YORK RICE NEW YORK, Oct. 22.—Rice prices were unchanged in trade on the market here today. Domestic rice sold at 3%@7%c per pound. NEW YORK COFFEE. NEW YORK, Oct. 22—Coffee values were irregular on the market here today, opening option being 3 points lower to 3 points higher. Rio No. 7 on spot sold at 7@7%c per pound. NEW YORK HIDES. NEW YORK. Oct. 22.—Hide prices were steady on th emarket here today, native steer hides selling at- 14%c per lb and branded steer bides at 14c. NEW TORK PETROLEUM. NEW YORK, Oct. 22.—Petroleum prices were firm in trade on the market here today, Pennsylvania crude salliag at $3 50 per barrel. NEW YORK TURPENTINE. NEW YORK, Oct. 22.—Turpentine sold at 75c per gallon in trade on the market here today.

STOCK MARKET CLOSES HEAVY Leading Issues Fall to Low Levels for Day. NEW YORK, Oct. 22.—The stock market closed heavy today. Many of the leading issues fell to new levels for the day In the last few minutes. Mexican Petroleum broke nearly 4 points to 102%, but later rallied to 108%. and Houston Oil, after its advance of 6 points to 75, yielded to 78%. United States steel fell % of a point to 78% and Baldwin dropped nearly 2 points to 87%. Railroad stocks also were weak. Northern Pacific dropping to 72%. Total sales of stocks were 393,100 shares: bonds, $5,858,000. Total sales stocks this week were 2,825,800 shares; bonds, $68,131,000. (By Thomson & McKinnon.) —Oct. 22 Whatever may be the outcome of conference called for next week In relation to the railroad labor controversy, the one beneficial result from the calling of the strike is that it is forcing action on a number of subjects that will help to clevr up much of the present uncertaintie and bring about a readjustment In freight rates and pasenger rates, and this in turn will bring about a readjustment in the price of basic commodities. We already have the announcement of a material reduction in the price of steel rails by the United States Steel Corporation. and this will no doubt be promptly followed by some action in regard to freight rates that will make possible furthep price readjustments. 1 Temporarily, this may be a little confusing to the stockholders, as some will naturally consider the cutting ot the price or an important commodity like steel rails as detrimental financially to the company. But the ultimate effect must be beneficial, because it will encourage new construction. This action will create work for men now idle. It is the beginning of an endless chain that leads on to ultimate prosperity. In today's markets there was an active demand for stocks. Haskell A Barker and Pullman were both features, lending color to the rumors that have been circulating with reference to a merger or some other form of cooperation. Next week we may have a duplication of the news of this week, one day favor able and the next day unfavorable, as to a strike settlement, but we look forward with much confidence to an ultimate adjustment of the controversies and when we get reactions advantage should be taken of them by intending buyers. TWENTY STOCK AVERAGE. NEW YORK, Oct. 22.—Twenty Indus trial stocks Friday averaged 71, up .23 per cent. Twenty active rails averaged 71 .*>3, off .20 per cent. CLEARING HOUSE STATEMENT. NEW YORK, Oct. 22.—Exchanges, $609,600,000; balances, $54,100,000: Federal Reserve Bank credit balances, $40,900,000.

Money and Exchange

Indianapolis bank clearings Saturday were: $2,649.000, against $4,874,000 for Saturday of last week. For the week ending this Saturday clearings totalled $16,075,000. NEW YORK, Oct. 22. —Foreign exchange opened easy today. Demand Sterling was %c lower at $3.93%. Francs yielded % centime to 7.26%c for cables and 7.25%e for checks. Lire* were unchanged at 3.94 c for cables and 3.93 c for checks. Belgian francs were 3 centimes lower at 7 15c for cables and 7.14 c for checks. Marks were % of point lower at ,0059%c. Guilder cables were 34.10 c; checks, 34 05c. Sweden kronen cables were 23.15 c: checks. 23.13 c. NEW YORK BANK STATEMENT. NEW YORK, Oct. 22. —Averages— Loans, decrease, $61,480.000: demand deposits. increase, $124,843,000; time deposits, increased, $5,127,000; reserve, increased, $4,847,530. Actual—Loans, decreased, $73,030,000: demand deposit, increased, $76,917,000; lime deposit, increased, $6,106,000; reserves, decreased, $41,593,960. MOTOR SECURITIES. (By Thomson A McKinnon.) —Oct. 22 —Closing— Bid. Ask. Briscoe 8% 10% Packard com 4% 5 Packard pfd 57% 58% Peerless 38% 39% Continental Motors com 4% 5% Continental Motors pfd 78 83 Hupp com 11 12 Hupp pfd 92 97 Keo Motor Car 18 19 Elgin Motors 4 4% Grant Motors 1% 2 Ford of Canada 237 245 International Motor com 27% National Motors 2 5 Federal Truck 10% 12 Paige Motors .. 11 .... Republic Truck 9% ACTIVE OIL STOCKS. (By Thomson A McKinnon.) —Oct. 22 —OpeningBid Ask Anglo-American 0i1......... 18% 17 Atlantic Lobos 11% 11% Borne Scrymser 825 350 Buckeye Pipe Line 83 85 Chesebrough Mfg. Cons 155 165 Continental Oil, Colorado.... 120 125 Cosden Oil and Gas 5% 8% Crescent Pipe Line 27 29 Cumberland Pipe Line 128 135 Elk Basin Pete 6% 8% Eureka Pipe Line 85 88 Galena-Signal Oil, pfd...... 86 89 Galena-Signal Oil c0m...... 48 52 Illinois Pipe Line 160 164 Indiana Pipe Line 80 84 Merritt Oil 10% 10% Midwest Oil 2% 8% Midwest Rfg 155 165 National Transit 28 29 New York Transit 150 155 Northern Pipe Line 90 93 Ohio Oil 274 278 Oklahoma P. A R 4% 4% Penn.-Mex 80 35 Prairie Oil and Gas 540 050 l’rairie Pipe Line 197 200 Sapulpa Kefg 3% 3% Solar Refining 330 400 Southern Pipe Line 206 210 Southwest Penn. Pipe Lines. 54 58 Standard Oil Cos. of Ind 79% 79% Standard Oil Cos. of Kan 580 600 Standard Oil Cos. of Ky 400 410 Standard Oil Cos. of Neb.... 165 175 Standard Oil Cos. of N. Y.... 341 344 Standard Oil Cos. of 0hi0.... 385 395 Swan A Finch 30 35 Vacuum Oil - 278 288 Washington Oil 32 36 NEW YORK CURB MARKET. (By Thomson A McKinnon) —Oct. 22--—Closing Bid. Ask. Acme Packing 97 100 Curtis Aero, com 1% 2 Curtis Aero, pfd 10 16 Goldfield Con 0 7 Havana Tobacco 2 Havana Tobacco pfd 8 Jumbo Extension 4 6 Imperial Oil (Del.) 8 8% International Petroleum .... 15% 15% Nipissing 5% 5% Standard Motors 4 4% Salt Creek 9 12% 12% Tonopah Extension 1 7-16 1% Tonojiah Mining 1%1 0-16 United P S new 1 3-16 1% U. S. Light and Heat 1% 1 3-16 U. S. Light and Heat pfd.... 1% 1% Wright-Martiu 2 5 Yukon Gold Mine Cos 1 7-10 1% Jerome 12 22 New Cornelia 14% 15 United Verde 25 * 27 Sequoyah 6 10 Omar Oil 97 98 Rep. Tire 15 25 NEW YORK WOOL. NEW YORK, Oct. 22.—-Wool was in improved demand on the market here today, but prices were no more than steady. Domestic fleece, XX Ohio, sold at 23@38c per pound: domestic pulled, scoured basis, at 18@67c, and Texas domestic, scoured basis, at 40@75c. WHOLESALE BEEF PRICES. The following is today’s wholesale prices for beef cuts as sold by the Indianapolis markets of Swift & Cos: Ribs -t-No. 2,21 c; No. 3,15 c. Chucks—No. 2, lie; No. 3. Bc. Plates—No. 2,9 c; No. S, 9ci Links—No. 2,28 c; No. 3,24 c. Rounds -fit. 2. 15c; No. 3,12 c,

INDIANA DAILY TIMES, SATURDAY, OCTOBER 22, 1921.

New York Bonds

(By Fletcher American Cos.) FOREIGN GOVERNMENT BONDS. —Oct 22. Bid Ask Arg. (Unlisted) 5s Sept 1, ’45 6% 67% Belgian 8s Jan. 1, ’25....7... 95 96% Belgian 7%s June 1, '45 100% 101% Belgian 8s Feb. 1. ’4i 100 100% Berne 8s Nov. L ’45 104 105 Chile 8s Feb. 1, ’4l 98% 99 Chinese (Huh. Ry.) 5s June, 'sl 46 47 Christiania 8s Oct- 1, ’45 103 104 Copenhagen 5%* July 1, '44.. 81% 82 Danish Spun. 83 Feb. 1, ’46.. 103% 104 Denmark 8s Oct. 15, ’45 103% 104 •Canadian 6%s Dec. 1, ’22.... 89 % 91% •Canadian 5%s Nov. 1, ’23... 88% 90 •Canadian 5%s Nov. 1, ’24.. 87% 89% •Canadian 5s Dec. 1, '25 85% 87% Canadian 5a Apr. 1, ’26 93% 94% •Canadian 5%s Dec. 1, ’27 88 89% Canadian 5%s Aug. 1, '29 94% 95% Canadian 5s Apr. 1, %l 92% 93 •Canadian 6b Oct. 1, '3l 83% 85 ♦Canadian 5%s Nov. 1, ’33... 88% 89% •Canadian 6%s Nov. 1, ’34 85% 87 Canadian 5s Mch. 1, ’37 89 % 89% •Canadian 5%s Dec. 1, ’37.. 89 % 91 •French (Viet.) 5s Opt, '31.. 56% 08 •French 4s Opt., '43 46% 48 •French (Prern.) 5s Issue '2O 66% 68 •French 6s Opt., ’3l 06% 68% French 8s Sept. IS, ’45 99% 100 •Italian (War) 5s 29 30% Jap (Ist) 4%s Feb. 15, ’25.. 84% 85 Jap (2d) 4%s July 10, ‘25 81 84% Jap 4s Jan. 1, ’3l 88 86% Norway 8s Oct 1, '4O 104% 105 Russian 6%s June It, T 9 15 “ 17 Russian 5%s Dec. 1, ‘2l 13 15% •Russian 5%s Feb. 14, '26 8 8 Sao Paulo Ss Jnn. 1, 38 97 97% Swedish 6s June 15. ’39.... 91 91% Swiss 5%s Aug. 1, '29 92% 93% Swiss 8s July 1, ’4O 108% 108% U. K. 5%s Nov. 1, ’22 98% 98% U. K. 5%s Aug. i, ’29 92 % 92% U. K. 5%s Feb. 1. '37 89 % 89% *U. K. (Victory) 4s Issue Til 293 309 •U. K. (W. L.) 5s Oct 1, '22.890 405 •U. K. (W. L.) 5s Feb. 1, ’29 382 394 Zurich 8s Oct 15, ’45 105 105% Brazil 8s 99 99% French 7%s 93% 94% Uruguay 8s 99% 99% Argentine 7s 99% 09% •Internal loans. CORPORATION BONDS. Bid. Ask. Alum. Cos. of Am. 7s, Nov., '25. 98% 99% Am. Cot 011 6s. Sept. 2, '24.. 91% 92% Am. Tel. 6s, Oct., '22 99 % 99% Am. Tel. 6*. Feb., ’24 98% 99 Am. Thread 6s, Dee., '28..... 97% 98 Am. Tob. 7s, Nov., ’22 101 101% Am. Tob. 7s, Nov., '23 101% 102 Anaconda 6s. Jan., ’29 92% 93 Anaconda 7s, Jan., '29 97% 98 Anglo-Am. Oil 7%5, April, '25.102% 102% Armour 7s. July 15 ’SO 100% 100% Atlantic Ref. 6%5, March, '31.102 103 Bell Ten. Can. 7s. April, '25.... 97% 98% Beth. Steel 7s, July 15, '22 .100% 100% Beth. Steel 7s. July 15, ”23. 98% 99 Can. Pacific 6s. March 2, '24. 98% 99 Cant. Arg. Ry. 6s, Feb.. ’27.. 85 % 86% C., R. I. 4 P. 6s. Feb., ’22... 99% lot*'. Con. Gas Bs, Dec , '2l 100% 100% Copper Exp. Bs, Feb. 15, '22.1(*0% 100% Copper Kxp. 88, Fel. 15, ’23 107% 107% Copper Exp. Bs, Feb. 15. '24. 107% 107% Copper Dip Bs, Feb. 15, “24.101% 101% Copper Exp Bs. Feb. 15, '25.102 102% Cudahy 7s, Julv 15, ’23 99% 100 Fed. Sugar 6s, Nov., '24...... 96% 96% Goodr eh 7s, April, ’25 93% 95% Gulf Oil 6s, July, ’23 99 99% Gulf OH Ts. Feb.. ’3B 99 99% Hocking Valley 6s, March. '24. 95% 96 Humble Oil 7s. March 15, ’23. 98 98% Int. R. T. ss. Sent , "21 ”22... 73 75 K. C. Ter. 6s, Nov. 1(5. ’23. 98% 90 Kenn Copper 7s, Feb.. '3O. .. 96% 97 Laclede Gas 7s, Jan., '29 93 93% Ltg. 4 Myers 6s, Dec., '2l 100% 100% Proctor 4 G. 7s, March '22 .100% lul Proctor 4 G. 7s. March, '23 101% 101% Pub. Ser. N. J. 7s. March, ’22 97 % 98% It J. Reynolds 6s, Aug , ’22.. .100% 100% Sears Roebuck 7s. Get. 13, ”22. 99% 99% Sears-Roebuck 7s. Oct. 15. ’23. 98% 98% Sinclair 7%5. May 15, '23.... 98% 97% Solvay 4 Cie Bs. Oct.. ’27 100 100% Southern Ry. 6s, March, '22. 95% 9*% S W. Bel! Tel. 7s, April, '23 98% 99% Stnnd.O. (Cal.) 7s, Jan., ’31.104% 105 Stand.o.(N Y.) 7s.Jan., ’25 ’31.102% 107% Sr. Paul UI) 5%5, Dec. 15, '23. 98% 98% Swift 7s, Oct. 15, ’25 99% 100% Texas Cos. 7s March 1. "23... 100% 100% Utah See. 6s Sept. 15, '22. .. 92 % 93% Wes? Electric 7s. April. ’25.101 101% Westinghouse 7s, May, ’31.102% 103

Local Stock Exchange

—Oct. 22. STOCKS. Bid. Ask Ind Ry. & Light com 60 Ind Ry. A Light pfd 75 Indpl*. A S. K pfd 75 Indpls. A N. W pfd 75 Ind pis. St. Ry 37% 41 T. H , I A L. pfd 60 T. II . I A E. pfd 15 T. H , 1. A E. com 5 U. T. of Ind. com 1 U. T. of Ind Ist pfd 7 U. T of Ind 2d pfd 2 Advance-Kumley com Advance- Rum ley pid Am Central Life ... Am. Creosotlng pfd 91% ... Belt R. R. com 56 62 Belt R. K. pfti 43 52 Century Bldg Cos. pfd 91 C tizen* Gas Cos 22% ... Dodge Mfg. *Co. pfd 85 Home Brewing 52 Ind Hotel com 60 ... Ind Hotel pfd 93 Ind Nat. Life Ins. Cos 3% ... Ind Title Guaranty Cos 50 Ind. Pipe Lines 81 ... Indpls Abattoir pfd 40 60 Indpls Gas 41 49 Indpls Tel Cos com 2 Indpls. Tel Cos pfd 90 ... Mer. Pub. Util, pfd 41% 52 Nat Motor Car Cos 7 Pub Sav Ins, Cos 4% ... Rauh Fertilizer pfd 40 Stand. Oil of Indiana 77 Sterling Fire Ins. Cos 6% 7% Van Camp Hdw pfd 91 101 Van Camp Prod. Ist pfd... ... lot Van Cntnp Prod. 2d pfd 101 Yandalia Coal Cos com 0 Vandalia Coal Cos. pfd 5 10 Wabash Ry. com ... Wabash Ry pfd 19 BONDS. Broad Ripple 5s 50 Citizens St. Ry. 5 ... Indian Creek Coal A Mine. ... 100 Ind. Coke A Gas 6a... 90 Indpls. C. A South 5t 89 Indpls. A Martinsville 55... 50 Indpls. Northern ’s 37% 43 Indpls. A N. W. 5s 49% ... Indpls. A S. K. 5s 45 Indpls. S. A S. E. 5s 75 Indpls. St. Ry. 4 48 53 Indpls. T. A T 5s 68% ... Ind Coke and Uas Os 92 T. H„ 1. A B. 5s 46 U. T. of Ind. 6s 47% ... Citizens Gas Cos. 5s 73% ... Indpls Gas 5s 71% 80 Kokomo, M. A YV 5s 77 Ind. Hotel Cos. 2d 6s 93 Indpls. Light A Heat 55.... 76 81 Indpls. Water 4%s 66% 74 Indpls. Water 5s 89% ... Mch. H. A L. 5s 90 97 New Tel. Ist fls 94 ... New Tel L. D 5s 93% ... Sou. Ind. Power 5s 89%

Local Curb Market

(By Newton Todd.) —Oct. 22. Bid. Ask. Am. Hominy com 16 Burdick Tire and Rubber.... 1 1% Central and Coast Oil 1 2ft Choate Oil Corp 1 lft Columbian Fire Ins. Cos 6 7ft Comet Auto lft 2ft Dayton Rubber Units 62 VH) El sin Motor Car 3% B Federal Fin. Cos. pfd 75 85 Fed. Fin. Cos. com 120 128 Os. Sou. P. & P.. Units sft 6ft Havnes Motor com 118 Hurst & Cos., pfd 42 62 Hurst & Cos., com 1 Ift Indiana Trust Cos 175 180 Indiana National Bank 260 270 Indiana Rural Credits 49 62 Security Trust Cos 130 Metro 6-50 c Stores c0m.... 10 13 Metro, 5-50 c Stores pfd 28 32 Revere Motors ft % Rauch & Lang Units 47 55 Rub-Tex Units 15 18 Merchants Nutlonal Bank 280 State Savings & Trust C 0.... 89 93 Steveus-Duryea Units 43 50 U. S. Automotive Units 98 108 U. S. Mtg. Cos. Units 162 172 Dictograph Products com... 2 3 flock and meal. E-Z-Bake bakers’ flour In 98-lb. cotton bags $7.65 Corn Meal In KO-lb. cotton bags.... 1.50

DOLLAR A BUSHEL WHEAT PREDICTED Grain Prices Suffer Declines— Provisions Irregular. CHICAGO, Oct 22.—Dollar a bushel wheat came near today when prices declined from 1 to 2 cents a bushel on the Chicago Board of Trade, due to heavy receipts and lack of buying power. Traders freely predicted that prices of a dollar a bushel for wheat would again prevail within a short time. The market has been dropping steadily since the new crop came In with but little support. Corn and oats declined in sympathy with wheat. Provisions were Irregular. December wheat operied off %c at $1.07%, and closed off l%c. May wheat opened off %c at $1.12%, and closed down l%c. December wheat opened up %c at 47c, and closed off %c. May wheat opened up %c at 52%c and closed oil %c. December oats, after opening up %c at 33%e, closed off %c. May oats opened unchanged at 37%c and closed off %c. (By Thomson & McKinnon.) —Oct. 22Wheat—Stagnation In export wheat trade, Inactivity in the milling demand, and a distinctly easy tone to foreign cables have dominated wheat today. Buenos Aires prices declined sharply and are quoted at slightly under Chicago prices. It Is said that Liverpool Is weak because of Increased shipments from Australia. Nothing has been uncovered to suggest any particular Improvement in the foreign demand for any sort of wheat. On the other hand, the weakness in Argentine prices suggests that holders are becoming tired. England suggestion as to cancellation of various obligations is a reflection of the enormous destruction of wealth by war which in turn carries the idea that there will be no unnecessary buying of foodstuffs or building up of accumulations. The Canadian visible supply Is expected to show a goodly Increase In Monday’s figures and there is a possibility of a small increase in tbe United States visible. It is quite evident that the market is in need of a better foreign detaand than now prevails. Corn and Oats—lt is generally conceded that future estimates of the corn crop will show reduced yield* but at tbe same time the reduction Is not of importance in the light of the huge total crop and the reserves from previous crop. Freight rates from the west for shipment east are to be reduced which fact will proDably Increase the movement from first hands. Provisions —Just at the moment there is a good distributing trade and not much hedging pressure. Firmness in hogs was reflected in products, the demand coming from former sellers while offerings were light. CHICAGO CASH GAIN. CHICAGO, Oct 22.—Wheat —Cash. No. 3 red, $1.13; No. 2 hard winter, $104; No. 5 hard winter. $1.02; No. 5 Northern spring, $1.02; No 2 mixed, $1.03® 1.07. Corn—No. 2 mixed, 46®46%; No. 2 yellow, 46%®40%e; No. 3 mixed. 45%c; No. S yellow, 45%c. Oats No 2 white, 33%®35c. No. 3 white, 30®32%c; No. 4 white. 28®30c. TOLEDO GRAIN PRICES. TOLEDO, Oct. 22. Wheat—Cash. Deceember, $1.21%; May, $1.26%. Corn - Cash, 52c to 33c Oats —Cash, 37®.:9c. Rye—Cash, 84c. Barley—Cash, 62c. CHICAGO GRAIN TABLE. —Oct. 22WHEAT— Open. High. Low. Close. Dec 107% 1.08 1.06 1.06 May 112% 1.12% 110% 1.10% CORN— Dec 47 .47% .46% .46% May 52% .52% .51% .51% OATS— Dec 33% .33% .32% .32% May 37% .38 .37% .37% PORK—•Jan .... 15.00 LARD— Oct 9 15 940 9.10 9.40 Jan 9.05 9.00 9.00 9.02 RIBS— Oct 5 62 Jnn 7.75 RYE— Dec. 85 .85 .83% .84 May 87 .87% .86% .87 PRIMARY MARKETS. (By Thomson & McKinnon.) —Oct. 22 —RECEIPTS— Wheat. Corn. Oats. St. Joseph .. 24.(410 18,OX) 4,000 Chicago 97,000 405,000 225,000 Milwaukee ... 24.000 51,000 138,(100 Mi tinea polls .. 477.00 U 17.001 9h,000 Duluth 295,000 21,000 76,60) St. Louis ... 08.04) 90,000 82,000' Toledo 1.000 6,000 6.000 Detroit 5,000 4,000 14,000 Kansas City .. 248.48)0 23.000 14,'00 Peoria 7,000 03,000 29,000 Omaha 30,000 34,m0 26,000 ludlauapujls . 17,<M0 56,0110 66,000 Totals 1,293 7N5.000 778.000 Year ago 1.532 095.000 TOCI.IAA) —SHIPMENTS— Wheat. Corn. O&ts. St. Joseph ... 29,000 43,0 U) Chicago 91,000 1,085,000 112,000 j Milwaukee .. 9,000 11,000 402,000 Minneapolis . 290,000 8,000 73,000 Duiuth 406,000 St. Louis .... 110,000 43,000 47.0 ml Toledo 9.1(00 6,000 Detroit 5,000 2,000 Kansas City . 238. iIOO 23,000 26,000 Peoria 1,000 25,000 56,000 Omaha 108,000 42.000 30.000 Indianapolis 18,000 46,4W0

Totals 1,288 1,309,000 894,000 Year ago .. 81.7,000 526,000 623,000 —CLEARANCES— Wheat. Corn. Oats. Philadelphia . 181,0.0 Galveston .... 80,000 Totals 261.000 \ ear ago .. 370,100 526,000 INDIANAPOLIS CASH GRAIN. —Oct. 22Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade ware: Wheat —Firm; No. 2 rtd, sl.23ft®l\24ft. Corn—No. 2 white, 48(ti49c : No. 3 white, 47^t48c; No. 2 yellow, 48ft@49ftc; No, 3 yellow, 47)4 44 48ftc. No. 2 mixed, 47ft& 49c; No. 3 mixed, 46ftSJ48e. Oats —Firm; No. 2 white, 35ft@36ftc; No 3 white, 33ft<334ftc. Hay- Steady ; No. 1 timothy. S 17<U 17.50; No. 2 timothy, $16.5042,17; No. 1 light clover mixed, [email protected]; No. 1 clover hay, sl6<gl7. —lnspections . Wheat—No. 3 red. 3 cars; No. 4 red, 1 car; No. 1 mixed, 2 cars; No. 3 mixed, 1 car: total, 7 cars. Corn —No. 1 white, 4 cars; No. 2 white, 4 cars; No. 3 white, 1 car; No. 4 white, 1 car; No. 1 yellow, 7 oars; No. 2 yellow, 9 cars; No. 4 yellow, 1 car; No. 1 mixed, 2 cars ; total, 29 cars Oats —No. 2 white, 4 cars; No. 3 white, 16 cars; No. 4 white, 6 cars; sample white, 1 car; total, 26 cars. BOARD OF TRADE STATES! ENT. Tho weekly statement of the Indianapolis Board of Trade showing the output of flour by local mills, Inspections foi* the week and stock In store, follows: COMPARATIVE STATEMENT. Output of flour— Bbls. Oct. 22, 1921 8.467 Oct. 15, 1921 0.064 Oct. 23, 1920 8.591 Oct. 25, 1919 14,232 Bushels— Inspections for week— 1920 1921 Wheat 35.000 7.000 Corn 861,000 91,000 Oats 420,000 212,000 Rye 3,000 Hay—l car. STOCK IN STORE. Wheat. Corn. Oats. Rye. Oct. 22, 1921. .429.580 195,950 392,740 11,640 Oct. 23, 1920. .282.730 412.790 595.830 1,000 Ocr. 25, 1919. .540.510 113,880 299,370 45,770 WAGON WHEAT PRICES. Indianapolis flour mills and elevators today are paying sl.lO for No. 1 red winter wheat; SI.OB for No. 2 red winter wheat and according to test for No. 3. Oats are quoted at 25c for No. 3 white or better. HAT MARKET. The following are tbe Indianapolis prices for hay by the wagon load, delivered : Hay—Loose timothy, $17@18; mixed bay, $16@17; baled hay, $17@19. Oats —Bushel, new, per bushel 34®3?c. Corn—Old, per bushel, ts©ooc.

SWINE PRICES 10 CENTS^HIGHER Few Pigs Sell at sß.7s—Cattle Receipts Extremely Light. RANGE OF HOG PRICES Good Good Good Oct. Mixed. neavy. Light. 16. SS.B6 *8. 86151 8.90 $8.86 17. (.86 8.86(31 8.96 8.86 18. 8.40 8.40 8.40 @ 8.50 19. 8.26 8.25 2.26 20. (.00 8.00 8.00 21 8.35 8.15 1® 8.25 8.85® (.50 82. 8.40 8.35 8.50® 860 With receipts around 7,500 and the demand by both local packers and shippers with eastern house connections fair, swine prices were 10 cents higher In trade on tbe local live stock exchange today. There was a top of $8.60 on good light swine, while a few extra fancy pigs sold at $8.75, which, of course, was really not within the general market. Practically all of the good swine sold on the following schedule: Hogs welghimr 160 to 190 pounds, $8.50; 190 to 225 pounds, $8.40 and 225 and up to 300 pounds, $8.35. Roughs were in fair demand and $7®7.50, while the bulk of the pigs sold at ssso. Receipts iu cattle were extremely light and speculators were about the only active traders. ! Prices of calves were steady, with trade rather slow and receipts around ! 200. There was a top of> $12.50 on choice veals. Values of sheep and lambs were steady to strong with receipts light and the demand good. Most of the good to choice ewe and wether lumbs sold at SB. HOGS Best light hogs, 160 to 190 lbs. average 8.50® 8.60 Over 300 lbs 8.25® 8.35 190 to 300 lbs 8 35® 8.50 Sows 7.00® 7.59 Best pigs, under 140 lbs 8.50® 8.75 Top 8.00 Bulk of sales 8.35® 8.50 CATTLE. Prime corafed steers. 1.300 to 1,800 .... 7.00® 7.75 Good io choice steers 1.200 to 1,300 ibs 0.50® 7.25 Good to choice steers, 1.000 to 1,200 lbs 6.00® 6.50 Good to choice steers, I.OtX) to 1,100 lbs 5.00@ 6.00 Common to medium cteera [ 800 to 1.000 lbs 4.00@ 5.00 —Heifers and Cows — j Good to choice heifers 6.75® 7.50 Medium heifers 5 00® 0.25 Common to medium heifers . 4.00® 5.00 Good to choice cows 3.'D® 4 25 i Fair to medium cows V.Oo® 3.00 | Cutters 1.75® 2.73 Canners 75® 2.99 —Bulls— Good to choice butcher bulls. 4.00® 4.75 Bologna bulls 3 00® 4.50 Light bologna bulls 3 90® 3.50 ‘ light to common bulls 3.00 —Calves—.Choice veals $12.00®12.00 . Good veals [email protected] Medium veals 7.00® 8.00 Lightweight veals 4.5- ® 6.00 i Common heavyweight veals . 4.UO® 5.09 —Mocker* aua Feeders — Good to choice steers, mule 800 lbs 5.00® 6 00 Medium cows 2.00® 3 00 Good cows 3.00® 4 00 ! Good heifers ... 6.50® J'!X Medium to good heifers 4.00® 5.00 HIIKkP AND LAMBS. Ewes 2.00® 3.00 Bucks 1.50® 2 W Choice ewes and wether lambs 6.75® 7.u0 Seconds s.<Xi® 0.-4) Buck lambs 4.00a/ 5.00 Culls 2.00® 3.00

Other Livestock

CHICAGO, Oct. 22.—Hogs—Receipts S,<KX); market 10c to 2.7 c htguer: bulk of sales, $7.40® 8.35; top, $8.40; heavies, S7 85®8.35; mediums, sß.l.V<t 8.40; lights. $8.10®8.49; light lights, $8®8.35; heavy packing sows, smooth, $6 tls®6 85; pack ing sows, rough, $6.35®6.85; pigs, s<.7s® 8.25 Cattle —Receipts, 5oO; market, steady. Sheep and lambs —Receipts, 6,000; market steady. CINOIXX ATI, Oct. 22. Hogs Receipts 1,8X1: market, strong to 25c higher; all grades good swine, $8.50; roughs. $7; stags, $6 Cattle— Receipts, 400; mar ket, steady: boils, weak; calves, sl2. Sheep and iambs -Receipts, 400; market, steady; ewes. $1®3.50; choice lambs, $850; seconds. $6.50; coils, s3®4. EAST ST. LOUIS, Oct. 22.—Hogs— Receipts. 3,500; market steady to 5c higher; mixed and butchers. [email protected]; good heavies, $7.75® 815; lights, $8.35®8.35; pigs, $8.25@'8.55; bulk of sales, $8.05® 8.15. Cuttle—Receipts, 800; market steady; native beef steers, SV2S®9; yearling steers and heifers, $8®8.50; cows, $3.25®5.23: sto' kers and feeders, $4®5.50; calves. slo® 10.50: can tiers and cutters, $2 50® 3. Sheep and lumbs —Receipts, 150; market nominal. PITTSBI RGH, Oct. 22. Hogg-Re-ceipts, 1,8<X); market. 10®25e higher: prime heavies. 5850®8.60; mediums. SBBO ®8.00; heavy vorkers, $8.80®!8.90: light Yorkers. S8Sl)®8.90; pigs. [email protected]; neighs, $6®7.25; sings. $4 50®5; heavy mixed, $8.6-7®8.75. Cattle—Receipts light: market steady ; choice, SS®B.S; prime. $7,504/8; good. $6.75®7.50; tidy butchers. [email protected]; fair, $5®6.25; common ss® 5.50; common to good fat lulls. s4@s 50; common to good fat cows, [email protected]; heifer*. s'@6.so; fresh cows and springers, $35@85; veal calves, $12.50; heavy anil thin calves. $4.50®'8.50. Sheep and iambs —Receipts. 1,000; market steady; prime wethers, $4.75@5; good mixed, $4.25® 4.60; fair mixed, $3.25@4; culls and common, sl@2; choice lambs, SB.

In the Cotton Market

NEW YORK. Oct. 22 —The cotton market opened quiet today and without much feature, with prices 4 to 9 points lower on local selling. Most traders were awaiting developments in the railway labor situation. Later, there was buying by commission houses and prices sold up 10 points above the previous close. New York opening cotton prices: October, 18.00 c bid; December, 18.42 c: January, 18.15 c: March, 18.03 c; May, 17.64 c. The market showed an easier tone In the late dealings. The close was steady at a net decline of 4 to 18 points. —Cotton Futures— Open. High Low. Close. January 18 15 18.56 18.10 18.13 March 18.02 18 23 17.95 18.00 May 17 64 17.77 17.56 17.59 July 17 20 1734 17.15 17.15 October 18 42 18.15 December 18.42 18.60 18.25 18.30 Cotton Review NEW YORK, Oct. 22—The week-end statistics were very satisfactory from the producers standpoint. Spinners takings are large, exports have been liberal and tho movement has been sufficiently large to relieve the South to a considerable extent in a financial way. Furthermore, there has been Improvement in the technical position of the market by reason of a reduction of the public Interest. Longs have liquidated freely and shorts have also reduced commitments, though It is still claimed that there Is a considerable short Interest remaining. Temporarily, the question of a railroad strike will be the dominating factor though It Is likely that revised crop estimates may become an Influence in the market in the very near future and upon this point the next census report will throw some light and until this is out of the w-ay we do not anticipate any permanency to bulges. TOLEDO SEED TRICES. TOLEDO, Oct. 22.—Cloverseed—Cash and October, $12.65- December, $12.60 asked; Januury. $12.75 asked; February, $12.85 asked; March, $12.60 asked. Alslke -—October and cash $10.75: December, $11.00; February, $11.25; March, $11.25 asked. Timothy—l92o cash, $2.75; 1921, and October, $2.85: December, $2.90 asked; January, $2.95; February, $3.00; March, $3.05. GOLD OUTFIT REDUCED. WASHINGTON, Oct. 22.—Director of the Mint Baker today announced final figures on gold and sliver production lu tlie United States in 1920 as follows: Gold, 2,476,166 ounces, valued at *51,186,900; silver, 55,361,573 ounces, valued at $60,801,955. Comparison of these figures with production iu 1919 showed a reduction in the gold output last rear of $9,146,500 and 1,320,872 ounces of silver.

600 RAILROAD WORKERS STRIKE ON TEXAS ROAD (Continued -“rom Page One.) employes of the International A Great Northern Railroad, G. W. W. Hangar, public member of the board, declared this afternoon. It was Intimated by members of the board that the strike on the Texas road would be regarded as a violation of its order cutting wages 12% per cent last July. “It Is Just as much of a violation as if the railroads had refused to put into effect the previous wage advances that were ordered,” a board member declared. LABOR BOARD HOPES FOR PEACE CHICAGO, Oct .22.—The "status quo” of the railway labor situation was in the spotlight today. Keen interest was being taken here in whether the railroads and the union leaders would comply strictly with the orders of the United States railway labor board to maintain the strike affairs In their present status or would flout the authority of the board and proceed with strike plans. Th order of the board yesterday, which cited both the rail chiefs and the union leaders to appear next Wednesday for a hearing on whether the recent wage cut decision of the board Is being t .oiated through the calling of a strike, virtually forbade the strike. It likewise is tantamount to an order that no further plans for the strike scheduled for Oct. 30 shall be formulated. It directs both the railroads and the unions to maintain the ’status quo.” Executives of the railroads have an nounced they will drop all plans for combatting the strike and await the outcome of the conference here next Wednesday. The meeting of the Western railroad executive* here voted compliance with the hoard’s order. Heads of the brotherhoods also, secording to reports from (Tevelacd, have declared they will comply with the citation of the board, but there were reports In railroad circles that tbe brotherhood chiefs did not Intend to halt completely the strike plans which they have been formulating since the failure of tbetr conference with the labor board here on Thursday to avert the strike. The Tremont A Gulf Railroad, a sixty-six mile logging line In Louisiana, of which J. Stanley Joyce, the Chicago millionaire, who i* being sued for divor>e by Peggy Hopkins Joyce, is the president, placed an “open shop” order In effect last night. The labor board peremptorily ordered cancellation of the open shop plan, and this morning the road obeyed the board’s mandate. There was a disposition in official circles here today to be optimistic with regard to the latest move of the labor board to avert the strike. It was pointed out that the board has authority to summon before it at any time whomsoever it pleases, and failure to comply is punishable by contempt of court proceedings. It was believed that tie action of the board in calling the union chiefs and the rail heads before it paved the way for court proceedings to halt the strike in the event the union chiefs cannot be persuaded to rescind the strike order. Although the Inlted Brotherhood of Maintenance of Way Employes already bus declared for strike, E. F. Grable, president of the organization, announced that It will act in concert with the other unions. “All organizations yviU g;t their machinery ready to prepare for eventualities,” said Grable, "but they are not going to plunge into something until they know what is what. There seems nothing to do now but to defer action until developments by the railway labor board and until we learn whether the brotherhoods are really going on with their strike program. We don’t want to be put In the position of ordering the men out Oct. 30 and then canceling the order. “If the brotherhood strike does materialize, the question of getting assurances from them of Joint act! >n and Joint settlement will be brought up by the other unions.” Some of the shop crafts, it is learned, are in favor of deferring strike actL#a until next spring.

UNI TED A SSOCIA TION OF RAIL MEN TO MEET Members of the United Association of Railway Employes, formerly the Indianapolis Yardmen’s Association, will meet at 7:31> o’clock tonight, at 143 East Ohio street. The United Association of Employes participated in the “outlaw” strike of railroad men last year and all workmen who took part in that walk out are invited to be present at the meeting. It 1* understood thar measures relative to the proposed rail strike will be discussed. LEE REFUSES TO MAKE COMMENT CLEVELAND, Ohio, Oct. 22—“1 have no comment to make,” snid W. G. Leo. president of the Brotherhood of Railroad Trainmen, wh- n informed that members of his organization and Great Northern Railroad had quit their jobs at noon today. as heretofore authorized. U. S. TAKES HAND IN WALKOUT WASHINGTON, Oct. 22.—The Department of Justice this afternoon sent United States District Attorney Henry Zweifel at San Antonio secret Instructions for preventing any disorders or violations of the law in connection with the strike on the International A Great Northern Railroad. Officials would not disclose the instructions or indicate whether Zweifel had orders to appeal to th? courts to restrain the strikers. They stated, however, he had been given wide powers in ’ding to his staff to maintain order. BRUMFIELD NOT ABLE TO APPEAR Ex-Hoosier Dentist Not to Receive Sentence Today. ROSEBURG. Ore., Oct. 22—Dr. Richard M. Brumfield, convicted slayer of Dennis Russell, cannot appear for sentence by Judg-* Bingham today, as originally planned, it was learned from attending physicians. Brumfield’s condition, as a result of his attempt at suicide, was said to be anything but favorable to his appearance in court. The condemned man’s pulse was strong, but be still had a high fever and was semi-conscious. Judge Bingham said he would not insist upon Brumfield appearing in court until he was able to realize the significance of what might transpire. “I cannot sentence a half-dead man,” declared the Judge. RIVER AVENUE BAPTIST MEETINGS. Beginning tomorrow special revival meetings will be held for two weeks at the River Avenue Baptist Church. The Rev. E. G. Shouse, pastor, will be assisted by Evangelist S. A. Hayward of Danville. Ind,

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UNION CHIEFS FIGHT REPEAL OF 8-HOUR LAW Would Leave Railway Situation Where It Is, Says W. G. Lee. CLEVELAND, Ohio. Oct. 22.—Repeal of the Adamson law providing a basic eighthour day in railroad service, as advocated “by a few professional economists, certain Congressmen and all employers” wi nid leave “the railway situation exactly w,jrti it is,” said W. G. Lee, president of the Brotherhod of Railway Trainmen, in a statement issued today. “Regardless of opinion to the contrary, that the shorter workday establishes the maximum of a day's service, that is not the fact,” Lee said. “It simply fixes the measure of the minimum day’s service on which the hourly rate, backing up the daily rate, is based. The law does not prevent working more than eight hours a day.” “Railroad organizations.” he said, “did not have anything to do with the enactment of the Adamson law, but its enactment was due “to the Insistence of business interests of the country which were profiting from the trouble in Europe and did not want their profits disturbed, together with the agricultural interests that represented to President Wilson the losses the? would have to be borne by them In the event of a strike.* “The 8-hour day is not operative in train service except on such freight trains as are not more than 100 mile*, it was said. Freight service is based on an average speed of 12% miles an hour, 100 miles or less for a day’s service. However, if freight runs are extended beyond 100 miles, the miles and hours must be worked out on a mileage basis before the train crews go into time and one half.” A repeal of the eight-hour law, therefore. It was said, “would not change the situation in the least, so far as the dally rate of wages is concerned," unless the railroad companies “could compel their men to give ten hours’ service for the present eight hours' pay, which is hardly believable.” BANK OFFICIALS EXPRESS REGRET Indiana Honors J. H. Holliday. Resolutions on the death of John H. Holliday, noted financier and philantbrofist of Indianapolis, who died yesterday, were adopted today by the board of directors of tbe Indiana National Bank. The resolution recalls Mr. Holliday’s philanthropies and his work as follows: “To recount his many charitable deedk. and to enumerate his many benefactions to city, county and State is not the province of this memorial. These are well known to all our people. Probably no name in the city of Indianapolis is more sacredly enshrined in the hearts and memories of our citizens than that of Mr. Holliday. His tender solicitude for the poor and helpless hns lightened the burdens of thousands of the afflicted and distressed, and his presence was a beacon of light and gladness to many who called him blessed. "Often called upon to lead great bust ness enterprises, be executed wisely and well all of his undertakings. His long connection with this bank, and his careful and conservative advice, have been largely instrumental in its upbuilding* and permanency.”

COMPLAINT TO ENJOIN BOARD From Printing Name of B. S. Gadd on Ticket. A complaint asking that the city board of election commissioners be enjoined from printing the name of Bert S. Gadd as candidate for the Indianapolis board of school commissioners, today was filed In Superior Court, room 3, by Fred Shumaker. 3917 North Capitol avenue. Yesterday Mr. Gadd resigned- as a candidate and stated at the time that he resigned because he discovered that the petition asking that his name be placed on tiu ballot does not contain the names of the necessary number of householders. The reason given by Mr. Gadd for resigning is also the basis of the suit of Mr. Shumaker. It is alleged that more than 150 nam*>s on the petition do not conform to the statutes as the individuals are not householders. The complaint gives the names and addresses of approximately 150 of such alleged disqualified signers of the petition asking that Gcdd’s name be placed on the ballot It is understood that the suit was filed for the purpose of making It im possible for the commissioners to plnco Mr. Gadd’* name on the ballot although he has resigned. Judge Solon J. Cartet so far has not set a return date in this case.

Children Listen to Uncle Wiggly Stories Indianapolis children—2,soo of them — crowded into tbe Circle theater this morning to hear Howard R. Garis, creator of Uncle Wiggly and numerous other animal characters dear to children, tell hi* stories. Colored lantern slides illustrated the exciting points in each narrative, while a reel of animal motion pictures completed tbe program. Mr. Garis also appeared in the toy shop of L. S. Ayres A Cos. thl* and Friday afternoon. He leaves this evening for Louisville to tell his stories there. Claim More Bedding in Homejof Hartman Mr. and Mrs. Harry W. Lowe, $526 Evergreen avenue, today identified a bedspread and a pair of pillow thama as those stolen from their home, Jan. 24, 1921. The articles are rart of those turned over by J. Herbert Hartman, who was nominated at the primary election as Republican candidate for Judge of the city court. The Lowe home, detectives say. was robbed by Frank Francis, the “talkative burglar,” now under arrest at Louisville, whose confession Involved Hartman.

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