Indianapolis Times, Volume 34, Number 161, Indianapolis, Marion County, 16 November 1921 — Page 10

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STOCKS JUMPY, BUT UNDERTONE .FAIRLY STRONG New York Telephone Cos. Bond Issue Sale Proves Remarkable Success. Special to Indiana Daily Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Nov. 16.—Stocks showed less activity and more irregularity, with a fairly steady undertone in the forenoon and a reactionary tendency toward the close. Several points of weakness developed. and these operated to deter confident buying and encouraging short aelling. The action of the market was more or less of a puzzl, in view of the optimism created by the favorable report from the Disarmament Conference and various explanations which offered. It was even suggested that a certain amount of celling had already made its appearance for the purpose of establishing income tax losses. Various groups of stocks moved in response to special influences. The oils were reatiuonary and Royal Dutch was distinctly weak. Motor shares were inclined to sag, tut it looked as if rubber and tire stocks had about discounted the price reductions with the belated announcement that Goodrich had made Its cuts, and these issues were steadier. The equipments generally made a good showing, although the pronounced strength of Haskell & Barker and Pullman Company was due to special causes. Steels showed a tendency toward recovery end Bethlehem closed at a small net gain. The coppers started off well, with most of the active issues higher in the forenoon, but Seneca was the only stock to maintain practically the full extent of its advance. In the investment division a continued gold demand is reflected by the large turnover, although prices sagged somewhat In the afternoon. The heavy oversubscription to the offering of $-10,000,000 of 6 per cent bonds of the New York Telephone Company Is excellent evidence of the large supply of available . Is.— Copyright, 1021, by Tublic Le Company. WALL STREET GOSSIP BY MONITOR. Some idea of the abundance of investment funds may be gained from the fact that the subscription books for the issue of $50,000.0000 of twenty-year 6 per cent refunding mortgage gold bonds, series A of the New York Telephone Company were opened at 10 o'clock at Uie offices of J. P. Morgan .V Cos and immediately closed. The issue was several times oversubscribed. The bonds were offered at 07 and interest to yield over 6.25 per cent. A great deal of interest had been taken in the underwriting and bankers and bond dealers had been flooded with advance orders for the bonds. According to O. E. Gifford, secretary of the Bridge Builders’ Structural Society. orders for structural steel are equal j to more than 50 per cent of the capacity ! of the country's plants. Contracts placed ; during October amount to 97.500 tons, or 54 per cent of the plant capacity of the country. This is a gain of more than 11,000 tons over September orders. The American Telephone Company has raised the price of its stock under the employes’ stork subscription plan from ■sloo a share to $lO5 a share, effective Dec. l. It is said that since the plan was nnnoum-ed last May about 40 per cent | of employes of the company have availed i themselves of the opportunity to become [ stockholders. The stock dosed Tuesday j above 112. which is anew high figure i for the last two years. The quarterly I dividend of 2% per cent is payable Jan.' 16 to stockholders of record Dec. 20. Weakness In Royal Dutch has been mor- or less of a puzzle to the street. On ■ theory is that it is prompted by the rise in guilder exchange which is quoted around 34.90 compared with 34.60 a week ago. Another view is to the effect that the naval disarmament proposals, if carried out. would adversely affect the fortunes of Royal Dutch which is the chief purveyor of fuel oil to the British adm. Th sharp rise in Famous Players, which represented a gain of more than 4 points, was construed chiefly as a belatcd response to reports regarding the earnings of the company. The statement for the September quarter was more favorable than expected, as to the net profit for the period was $1,100,000. The total net up to the end of September is placed at $4.156,0”0. or at the rate of $23.25 p> r annum. The 8 per cent dividend. therefore, is earned nearly three times over. American Hide and Leather stocks, both common and preferred, continued to show strength in spite of the fact that the preferred made anew substantial advance Monday. The previous high level for the preferred this year was 54. and the close yesterday was above 57. It is said the company has been showing increased earning power in the last quarter, and has reduced the deficit incurred in the first quarter to $757 358.—Copy - tight, 1921, by Public Ledge.- Company. In the Cotton Market COTTON REVIEW. YORK. Nov. 10.—The cotton market gave a surprisingly good account of itself today. Southern pressure that has been apparent daily, while stir in evidence today, was of moderate proportions, and since the price appeared more attractive to traders, as well as the public, the buying became more attractive and as the demand increased it became apparent that recent liquidation had created a very favorable technical situation here. The news was rather mixed. The rumors of a private report on ginning estimating that 97 per cent of the crop had been ginned, was rather surprising to those who have entertained the idea of an 8,000.000-bale crop. From England news In relation to reduced time apparently was not regarded seriously here, for it was entirely ignored in the day’s operations. The present price of cotton. In view of all the circumstances, is a reasonable one. but the question of a further advance will depend entirely on the attitude of Southern spot holders and if they will display a little more independence a further advance becomes likely. NEW YORK. Nov. 16.—Easy cables with uncertainty about short times st the mills inManchester, England, started a selling movement in the cotton market at the opening today, which weakened first prices 10 to 25 points. Later, the list recovered much of this loss on reports that the pink boll worm had invaded the largest cotton county in Texas. New York opening cotton prices: December, 16.40 c: January, 16.22 c; March, 10.30 c; May. 16.25 c: July, Io.SSc. The market eased off from the top in the late dealings under profit taking. The market closed barely steady at a net advance of 20 to 27 points. —Cotton Futures— Open. High. Low. close. January 16.22 16 97 16.22 16.70 March 16.30 10.98 16.30 16.74 May 16.25 16.85 16.20 16.60 July 15.88 16.47 15.88 16.24 Octfber 15.15 15.75 15.15 15.55 December 16.40 17.12 16.38 16.88 LIVERPOOL, Nov. 16.—There was an Increased demand for spot cotton at the opening of the market here today. Prices were easy and sales around 6,000 bales. American middlings, fair. 12.92d: good middlings. 11.22d: full middlings, 19.92d; middlings. 10.421: low middlings.. 9.12d; good ordinary. 7.37d; ordinary. C.62d. Futures opened quiet. WHOLESALE BEEF PRICES. The following are today’s wholesale prices for beef cuts as sold by the Indianapolis markets of Swift & Cos.: Ribs—No. 2 ,18c; No. 3,14 c. Chucks— No. 2,9 c; chucks, Sc. Plates—No. 2,9 c; No. 3. Bc. Loins—No. 2,2 Se; No. 3,22 c. Rounds—No, 2,15 c; No. 3,12 c.

N. r. Stock Exchange (By Thomson & McKinnon,) —Nov. 16— Prev. High. Low. Close, close. Allied Chem.... 49 46 48% 4674, Ajax Rubber.... 19% 17% 19 19 i Allis-Chalmers.. 36% 35% 36 35 Am. Agricult... 34% 33% 34 33% Am. B. Sugar.... 29 28 29 .... Am. M. Mag. Cos. 34 33 34 32% Am. Car & Fy.138% 136% 137% 130 Am. Can 32 30% 31% 30% Am.H. & Ll.com. 12% 11% 12% H% Am.H. X L.pfd. 59% 57% 59 57% Am. Ice 68% 65% 68% 65% Am In Cor .... 38% 36% 38% 56% Am Linseed .... 34 33 34 33 Am Loco 9574 91% 91% 94 A S & R 40% 40 4->% 3974 Am Sugar Rf... 55% 54 > 54% AST Cos 337s 31% 37% 337. lAm Stl Fdy .... 31% 29% 31% 29% A T & T 112% 112% 112% 112% Am Tobacco ...125% 12474 125 124 Am Woolen .... 80% 78% 80 78% Atlantic Pete . 22% 22 22% 2274 i Ana Min Cos ... 44 43 % 43% 43% Atchison 87% 86% 87 86% AG & W I .. 3274 31% 32% 31% Bald Loco 97 v. 9474 96% 94% B. & 0 37% 36% 377s 36% Beth. Steel (It). 50*4 55 56V- 54% j Cal if or. Pete.... 43% 42% 4274 42% Can. Pae. 11y..,1167s 114% 116% 114% Cent. Leather... 32% 31% 32% 31% C andler Mot... 47’4 46 4074 45% C. A- 0 56 55 56 5474 C.. M. & St. I*.. 2374 23% 2374 23 C.M. & St.P.pfd. 37% 36% 37 3674 Chi. & N. W... <l9 6814 lib 687s C„ It. I. V 1’... 32% 3274 32% 3274 C.lt 1.&P.0'l pfd.. 68% 687* 68% 68*4 C.K.1.&P.79i pfd.. 8074 80 % 86 7* 80 Chili Copper.... 12% 1274 127* 1274 China Copper . 207-a 26 2674 26 , Cocoa Co!a .... 38 3774 3774 9% Col. Fuel & I. 24% 247-4 24% 247s Columbia Gas 63 627-4 63 _ 6274 Columbia G. .. 374 3% 3% 374 Consolidated Gas 9074 9074 9074 91_ Continental Can 50 487'* 45% 47-,4 Cosden Oil .... 34% 3274 34% 33 Corn Products. 90 87% 89% Crucible Steel.. 65% 63% 65% 63% Cuban A. Sugar 14 13% 14 13% Cuba Cane S. S'4 7% 574 ..... Del. & Lack.... 113% 112 11274 HI Erie 1274 12 1274 i Erie Ist pfd.... 18 17% IS 17% Famous Players 6974 68 6874 67% Fish Rubber Cos. 10% 107* 10% 10% Gen. Asphalt.. 64% 62*4 64 % 6274 Gen. Electric.. 137 134% 135% 133% Gen. Motors ... 1174 11% lit* 11% Goodrich 32% 32% 32% 31% Gt. North, pfd.. 74 737* 73% 73% Gt. North. Ore.. 33 32 32% 3274 Houston Oil ... 7974 77 79 % 70% Haskell Barker. 79% 77% 78% 7*% Illinois Central. 9774 97 97% 96% Inspiration Cop. 37% 36% 3774 36 Indiaboina 3% 3% 374 3% Invincible 0i1... 10% 9% 10 10% lilt. Harvester.. 78 76% 78 77% Inter. Nickel... 14 1374 13*4 13% later. Paper 50*4 54', 5574 54% I si. Oil & Tran. 32% 33 Kan. City 50... 24% 24% 2474 24 Kelly-Spg. Tire 4274 41 42% 41% Kennecott Cop.. 24 23% 24 23% Lack. Steel 43 417a 43 40% Lehigh Valley.. 57% 55 56% 55 Lee Tire 28 27% 28 27% Loews. Inc 1574 15% 1174 ' 15% Loft Candy .... 9% 9% 9% 9% L. & N 109 109 109 Marine com. ... 1274 11% 12 1174 Marine pfd 54 50*'* 53 50% Mav Stores 90*4 89% 9674 88 Mont. .7- Ward. 16% 11% 16 15% Maryland 0i1... 30 30 30 30% Mex. Petrol 11574 112% 111% 112% Miami Copper.. 25% 24% 2574 21 Middle St. 0:1.. 14% 14% 14% 11% Midvale Steel... 25 24% 25 24% Mss. I’.-t-itic 19 IS % 18*4 18% Miss. Pae. pfd.. 4374 43 43% 42% Nat. En. .V- Sun. 36 3174 36 34% National Lead.. 82% 80 80% 79 Nev. Con. Cop.. 13% 1374 13% 1.3 N. Y. Air Brake 58 56 58 6" X. Y. Central... 73% 72% 73 72', New Haven 13% 13% 1374 13% Nor. X West.... 97% 96% 97% 95% North. Pacific... 79% 7>% 787^ Ok. I*. & Rf. Cos. 3% S', 3% 374 Pacific Oil 45% 41”, 43 1 '* 44% Pan-Am. Petrol 51% 49% 51% 49’, I’enna. Ry 35% 357s 35% 35% People's Gas.... 55% 55 537* 56 j Pierce-Arrow .. 14% 13*4 14% 13 , ! Pierce Oil 9% 7% 914 71s j Pittsburgh Coal 61174 59% 6'% 59 j Prsd. Steel Car. 62 61 6_> 60% Pulmn. l'al. Carlo 9% 107% 108% 109 Ry. Steel Spgs.. 90 90 90 89%' Pure Oil 36% 36 36% 35-h 1 Reading 72% 71 71% 70% j Itcp. Irn. & Steel 50% 49% 50% 49% , Kyi. Deli. X. Y.. 47% 46% 47% 48 j Ray Copper. .. 14% 13-, 143* 13%' Sears-Roebuck.. 6,8 66% 67% 66 1 Sinclair 24 23% 24 23% | S. S. S. & I 39% 39% 39% South. Pacific.. 79% 7914 79%. 7.* Southern Ry. . 19% 18% 10 IS* St. 1.. &S.W.It 22 21% 2274 22 S. oil X. J 173% 166 173 166 St. L. &S. F. co. 22% 21% 21% 22 Strom. Curb ... 32% 31 32% 3J*% 1 Stttdebakcr 77% 73% 777* ‘-- "i : Tex * Coal & Oil 32% 29% 31 29 Texas C 0....... 46% 45% 40% 41%; Texas & Pacific 23% 22%. 2274 23 , Tobacco Prod.. 60% 60 69 60 Transc-ont Oil.. 9 8% 9 9_ I'nton Oil 22% 21% 22 21% j Cnion Pacific.. .124 123 123% 122-'* Curd. Ret. Strs. 12% 51% 52% 51% C S Food Prod. 13% 11% 1274 11%. T'nited Fruit C. 118% 117% 118% 117% Cnited Drug.. 777 j 75 75 7-> V. S. In. Alcohol 14 41'* 44 41V* r. S. Rubber... .">•% 48% 50% 49 1- S. Steel 8.3% 82% 83% 82% r. S. Steel pfd.ll27s 112', 112%. 112%; I'tah Copper... 5774 55% .77% 55% ; Vanadium Steel 32% 31% 31% 3174 Vir-Car. Chem. 3374 31 % 33% 31 Wabash 7% 7 7 7 Wabash Ist pfd 21 20% 20% 20% W. Maryland... 8% 8% 8% West. Union.... 88 88 88 8.8 West. Electric.. 47% 47 47’'* 47% White Motors... 38% 37% 38% 377'* Wlllya Overland 6 6 6 6 Wilson & C 0.... 28% 27% 28% 28 Worth. Pump.. 42% 42 42% 41% White Oil 13% West Pacific 2074 20 2074 l'J NEW YORK LIBERTY BONDS. —Nov. 16— Prev. High. Low. C’ose. Close. Liberty 3%s .... 95.30 95.10 95.20 95.10 Liberty Ist 4s 94.56 94.30 Libertv 2nd 4s 91.14 91.48 Liberty Ist 4145. 94.56 04.30 94.56 94.20 Libertv 2nd 4%s 94.56 94.20 94.50 9 4.22 Liberty 3d 4’4s. 96.48 96 18 96.4 4 96.20 Liberty 4th 4%s 94.64 94.40 94.74 94.34 Victory 3%s 99.74 99.68 99.74 99.70 Victory 4%s 99.72 99.70 09.72 99.68 CHICAGO STOCKS. (By Thomson A: McKinnon) —Nov. 16Open. High. Low. Close. Armour pfd... 93 .... Armour Leath. 12’% 12% 12 12% Carbide & Car.. 45 45% 45 45% Libby 7 7% 67g 7% Mont.-Ward 15% 16% 15% 16% National Lether 2% 3% 2% 3>% IMggly Wiggly IS 20% 17% 18% Sears-Roebuck.. 66% 66% (16% 66% Stewart-Warner 23% 24 23% 24 Swift & Cos 97% 99 96% 98 Swift Inter.... 20% 22 22% 22 NEW YORK METAL MARKET. NEW YORK. Nov. 10.—Copper—Steady; spot, November and December offered at 12%c. Lead—Steady; spot, November, December and January, 4.72%e. Spelter firm; .spot and November offered at 4.72%c; December and January offered at 4.75 c. NEW YORK WOOL. NEW YORK, Nov. 16.—W00l values were steady on the market here today. Domestic fleece, XX Ohio, was quoted at 23@38c per pound: domestic pulled, scoured basis, at 28%670, and Texas domestic, scoured basis, at 40(g75c. NEW YORK PETROLEUM. NEW YORK, Nov. 16.—Petroleum prices were firm in trade on the market here today, Pennsylvania crude petroleum selling at $4.50 per barrel. INDIANAPOLIS PRODUCE. Buttler—Local dealers are paying 41?? 42c per lb. for butter delivered in Indianapolis. Eggs—Loss off 54@55c. Butter—Pack- | ing stock, 19@20c. Poultry—Fowls, 17@ ; 23c; springs, 18@19c; cocks, ll@12o: j stags, 12@13c; young hen iurkc- s, 8 lbs. and up, 35c; young tom turkeys, 12 lbs. and up, 35c; old torn turkeys, 30<-; cull thin tnrkcyi not wanted; ducks, 4 lbs. and np 22%24c: spring ducks, 3 lbs. and up, 20®22c; geese, 10 lbs. and up, ISc, rablltß, drawn, per dozen, $5; squabs, 11 lbs. to dozen, $5; young guineas, 2 lbs. size, per doz., $9: old guineas, per doz., $5. Butterfat—Local dealers are paying 40 @4lc per pound for all butterfat delivered

STOCK MARKET CLOSES STRONG Prices Reach Highest Figures in Many Months. NEW YORK. Nov. 10.—The stock market closed strong today, prices of many issues selling at the highest prices in many months. United tSates Steel sold up t0_8374 and Baldwin Locomotive touched 9774, from where it later reacted to 96%. Mexican Petroleum moved up nearly .3 points to 114% and Allied Chemical rose over 2 points to ,39. Corn Products was active, making a gain of over 2 points to 90%. Studebaker was in demand, moving up over 3 points to t 74. , Railroad shares receded fractionally, Pennsylvania falling front 35% to 35 and Northern Pacific from 79’/* to 78%. Government bonds were unchanged and railway and other bonds strong. Total sales stocks were 955,500 shares; bonds, $17,145,000. (By Thomson & McKinnon.) —Nov. 16— The stock market has not reached that stage of stability where it is beginning to act like a well regulated automatic machine. It recedes under pressure and only so long as pressure is applied. The moment it is left to itself it automatically expands and moves forward. It is not only demonstrating strength, but is. broadening each week. It is now pos- | stble to move stocks that heretofore were dormant and regarded as helpless while the leaders continue to reach higher levels. Public interest in increasing, confidence is increasing and there never was a more opportune time for optimism than the iresent. There never was a time in recent years when the world outlook was more‘brilliant and if the conference in Washington will solve the Far Eastern, international problems as easily, ns the problem of naval construction, there will follow a period of commercial expansion unparallelled in the history of mankind. In this country we are making progress each day. The records show Increased employment, increased production In textile mills, steel mills, shoe, factories, lumber and numerous other industries. Stocks can advance materially and still be within a reasonable range of values. TWENTY STOCK AVERAGE. NEW YORK. Nov. 16.—Twenty. industrial stocks Tuesday averaged 71X0, up ;•*> per cent. Twenty active rails averaged 73.25, up .33 per cent. CLEARING HOUSE STATEMENT. NEW YORK. Nov. 16.— Exchanges SS01.800.000; balances, $77,700,000: Federal Reserve Bank credit balances, $02,900,000. Money and Exchange NEW YORK, Nov. 16—Foreign exbarge opened steady, with demand sterling l%c higher at $3.97%. Francs yielded 2 centimes t<> 7.23’jc for cables and 7.2271 c for checks. Lire advanced 2 points to 4.17 c for cables' and 4.16 c for checks. Belgian franc cables'were 6 98c; checks. 6 97c. Marks were .0038 %e. Guilder cables were 34.95 c; checks, 34.93 c. Sweden kronen cables were 23.15 c; cheeks, 23.10 c. NEW YORK CALL MONEY. NEW YORK, Nov. 16 —Money—Call money ruled 4% p. r cent; high. 4% per cent: low. 4% per rent. Time rates quiet, all 57i%5-% per cent. Time liurlatitile paper quiet. Sterling exchange was strong, with business iu bankers’ bills at $4.00’% for demand. MOTOR SECURITIES. (By Thomson & McKinnon.) —Closing— Bid. Ask. Briscoe 9 10 Packard com 5% 6 Packard pfd 64 66 Peerless 37% 3s’.i Continental Motors coin 5% 5% Continental Motors pfd SO 85 Hupp com 10% 1114 ' Hupp pfd 92 93 | Reo Motor Car 1.8% 18% Elgin Motors 3% 47* | Grant Motors 1% 1% Ford of Canada 242 216 International Motor coni 27 National Motors 2*4 .3 Federal Truck It 14 Paige Motors 11 13 Republic Truck 7% ’ ACTIVE OIL STOCKS. (Ry Thomson & McKinnon) —Nov. IC——Opening Bid. Ask. ! Anglo-American Oil 19 19% Atlantic I.obaa , 10% 11 Borne-Scrymser .325 350 Buckeye Pipe Line 86 88 Chesebrough Mfg. Cons 115 165 Continental Oil. Colorado ....122 127 Cosden Oil and Gas 6 714 Crescent Pipe Line 29 31 Cumberland Pipe Line 140 145 Elk Basin Pete 7% 7% Eureka Pipe Line 85 Stl Galena Signal Oil. pref 95 105 Galena Signal Oil, coin 47 51 Illinois Pipe Line 16!* 172 Indiana Pipe Line W 81 Merritt Oil 11 11% Mill west Oil % 3% Midwest Rfg 170 ISO National Transit 2!* .31 New York Transit 147 152 Northern Pipe Line 92 95 Ohio Oil 2'.*o 295 Oklahoma P. & R 5 5% Penn.-Mex 24 28 Prairie oil and Gas 580 595 Prairie Pipe Line 220 228 Sapnlpa Refg 4 414 Solar Refitting 380 400 Southern Pipe Line 92 95 South I’enn Oil 2.30 237 Southwest Penn Pipe Lines .. 55 60 Standard oil Cos. of Inti 867,* Stiff. Stan lard Oil Cos. of Kan 575 590 Standard Oil Cos. of Ky 410 430 Standard Oil Cos. of Neb.... 170 185 Standard Oil Cos. of N. Y 365 37.3 Standard Oil Cos. of 0hi0....400 420 Swan & Finch 45 55 Vacuum Oil 225 2.35 Washington Oil ... 34 38 NEW YORK CURB MARKET. (By Thomson ic McKinnon.) —Nov. IG——Closing Bid. Ask. Ac mo Packing .... 90 95 Curtis Aero com 174 2 j Curtis Aero pfd lo 16 Goldfield Con 5 7 Jumbo Extension 5 8 Imperial Oil (Del.) 10% 10% International Petroleum.... 1.1% Hi Nipissing 5% 5% Standard Motors 4% 4% Salt Creek 13% 13% Tonopah Extension 17-10 1% Tonopah Mining 174 1% United I’. S. new 111-10 1% IT. S. Light and Heat 174 1% U. S. Light and Teat pfd...., 1% 1% Wright-Martin 2 5 Yukon Gold Mine Cos 1% 174 Jerome 10 22 New Cornelia 1414 15% United Verde 20% 25 Sequoyah 5 10 Omar Oil 1 11-10 Rep. Tire 13 23 NEW YORK SUGARS. NEW YORK, Nov. 10.—Trade 111 raw sugars was rather quiet on the market here today, Citbas selling at 4 lit- per pound, duty paid, and Porto Ricos at 4.0325 c per pound, delivered. Refined sugars were also rather quiet, fine granulated being quoted at 5.20'ft5.30c per pound and No. 1 soft at s.3‘fc per pound. NEW YORK COFFEE. NEW YORK, Nov. 10.—Coffee values were steady on the market here today, opening options being 2 to 4 points higher. Rio No. 7, on spot, sold at B%c per pound. NEW YORK RICE. NEW YORK. Nov. 10.—Rico Tallies were weaker on the market today, domestic selling at 3@774c per pound. NEW YORK HIDES. NEW YORK, Nov. 10.—Hide values were firm in trade on the market here today, native steer hides selling at 14% (1/15c and branded steer hides at 14%, 14%c. NEW YORK TURPENTINE. NEW YORK, Nov. 10.—Turpentine sold at [email protected] per gallon in trade on the market here today.

INDIANA DAILY TIMES, WEDNESDAY, NOVEMBER 16,1921.

j New York Bonds • I (By Fletcher American Cos.) FOREIGN GOVERNMENT BONDS. —Nov. 10— > Bid. Ask. Arg. (Unlisted) ss, Sept. 1, ’45 72 73% Belgian os, Jan. 1, ’25 95% 96’/* | Belgian 7%5, June 1, ’45,, ..102% 103% Belgian Bs, Feb. 1, '4l 103*% 105% Berne Bs, Nov. 1, ’45 106 107 Chile Ss, Feb. 1, ’4l 102% 103 Christiania Bs, Oct. 1, ’45 105 106 Copenhagen 5%5, July 1, ’44.. 85% 86’% Danish Mttn Bs, Feb. 1, ’46..105% 106% Denmark Bs, Oct. 15, ’45 106 107 •Canadian o’%s, Dec. 1, ’22.. 89 % 90% •Canadian 5%5, Nov. 1, ’23.. 89% 90% •Canadian 5%5, Nov. 1, ’24.. 88’,, 89% •Canadian Os, Dec. 1, ’25.... 8674 87% Canadian Os, Apr. 1, ’26 95% 96% •Canadian 5%5, Dec. 1, ’27.. 89% 90% Canadian o%s, Aug. 1, ’29.. 90% 97 Canadian ss, Apr. 1, ’3l 94% 95% •Canadian ss, Oct. 1, ’3l 85% 80% •Canadian alls, Nov. 1, ’33.. 9074 91’/. •Canadian s’%s, Nov. 1, ’34.. 87% 8S : )£ Canadian ss, Melt. 1, ’37 907* 94 •Canadian 5%5, Dec. 1. ’37.. 91% 92% •French (Viet.) ss, Opt., ’3l 5514 5674 •French 4s, Opt.. ’43 95% 90% French Ss, Sept 15, ’45 100% 10114 •Italian (War) 5s 31'% 32% Jap (Ist) 4%5, Feb. 15, '25.. 85 “ 8514 Jap (2nd) 4%5, July 10, '25.. 85 85% Jap 4s, Jan. 1. '3l 6814 69% Norway Ss, Oct. 1, ’4O 100% 107" Sao Paulo Ss, Jan. 1, ’36 100 100% Swedish 6s, June 15, 39 95 95’/* Swiss 5%5, Aug. 1, '29 94% 95 * Swiss Bs. July l, ’4O 110’. 112 U. K. 5%5, Nov. (. ’22 99% 99% IT. K. 5%5, Aug. ’29 9674 90% IT. K. 's%s, Feb. 1. ’37 a3% 94% Zurich Bs, Oct. 15, ’45 106 107 Brazil 8s 10214 103 French 774s 95% 96 Uruguay Ss 101% 102% Argentine 7s 99% 99% •Internal Loans. CORPORATION BONDS, —Nov. 10— Bid. Ask. Al. Cos. of Am. 7s. Nov., ’25. .100% 100% Am. Cot. Oil 6s, Sept. 2, ’24.. 9514 96 Am. Tel. 6s, Oct., ’22 99% 100% Am. Tel. 6s, Feb., ’24 99% 100 Am. Thread Os, Dec., ”28 99% 100>4 Am. Tob. 7s, Nov., ’22 101 101% Am. Tob. 7s, Nov., ’23 101% 102 Anaconda (is, Jan., ’29 94% 95% Anaconda 7s, Jan., ’29 99% 100 Anglo-Am. Oil 7%5, Apr., ’25, .103% Armour 7s, July 15, ’3O 101% 102% Atlantic Kef. 6%5. Mch., ’31..102% 103’, Beil Tel. of Can. 7s, Apr., ’25 09% 100% Beth. Steel 7s, July 15, ’22 100% 100% Beth. Steel 7s. July 15. ’23 100% 100% Can. Pacific 7s, Mch. 2. ’24.... 99% 100 1 Cent. Arg. Ky. os, Feb., ’27... 88’ , 90 C., It. I. A P. os, Feb., ’22.... 99% 100% Con. Gas. Bs, Dec., ’2l 99% 100’% Copper Kxp. Bs, Feb. 15, ’22..100% 101 % Copper Exp. Bs, Feb. 15, ’23.. 102% 102% Copper Exp. Bs, Feb. 15, ’24.. 102% 102% Copper Exp. Bs, Feb. 15, ’25. .103 103% Cudahy 7s,' July 15, ’23 100 100% Fed. Sugar Os, Nov., ’24 90% 97 % Goodrich 7s, Apr.. ’25 97% 98 Gulf Oil Os, July, ’23 99% 100% Gulf Oil 7s, Feb., ’33 102 102% Hocking Val. Os. Mch., ’24... 97 97% Humble Oil 7s, Mch. 15, ’23.. 993* 100 lut. It. T. 7s. Sept., ’2l 73% 75 K. C. Term. os, Nov. 13, ’23.. 99% 100 Kcnn Cop. 7s, I-’eb., ’3O 99 % 99% Proctor A G. 7s, Mch., 22 100v* 100% Proctor A G. 7s. Mch . ’23 101% 101% Pub. Ser. N. .T. 7s, Mch., '22.. 98% 99 K. J. Reynolds 6s. Aug., ’22.. 100% 100% Senrs-Koeb 7s. Oct. 15. ’22 100 100% Scars-Itoeb. 7s, <>et. 15, '23...100% 100% Sie ir 7'.s, Mav 15, '25.... 96% 90% Selv. v A Cic ss, Oct., '27 102% 103 So. Ky. os, Mch.. ’22 99% 99% S. W. Belt Tel. 7s, Apr., ’25. .100 % 101 Stand. Oil (Cal 1 7s. Jan . '31.. 101% 105% St Oil (X. Y.) 7s, Jan.. ’25-31. .103% 107’ . St. P. rl> s'4s, I’CC. 15, ’23.. 98% 99 Swift 7s. Oct. 15. ’25 10014 100% Texas Cos. 7s. Mch. 1. '23 101 101% Utah Sec. lis, Sept. 15. '22.... 96% 97 West. El. 7s, Apr.. ’25 103 103% Wrstghsc 7s, May. *3l 104% 103 , Local Stock Exchange —Nov. 16STOCKS. Bid. Ask. Ind. Ry. & Light com 60 Oil Did. Ry. A Light pfd 75 Indpla. A 8. F. pfd 75 ndplß. A N. W. pfd 75 Indpla. St. Ry 36 41 T. 11., T. A L. pfd 50% ... T. 11., I. A E. pfd 11 T. H., I & E. com £ 5 C. T. of Ind. c0ni...." 1 C. T. of Ind. Ist pfd 7 C. T. of Ind. 2 7 pfd 2 Advance-Runiciy com ... Advance-Rtunely pfd ... Am. Creoßoting pfd 91% ... Am. Central Life 150 Beit. It. R. com 57% 6*l Belt it. it. pfd 43 52 Century Bldg. Cos. pfd 91 ... Citizens Gas Cos 24 - ... Dodge Mfg. Cos. pfd ss 97 Home Brewing 54 01 Ind. Hotel coin 60 ... Did. Hotel pfd 93 Inti. Nat. Ins. Cos 3% ... Did. Title Guar. Cos 47% ... Did. Pipe Lines 81 85 Intipis. Abattoir pfd 40% 50 Indpla. Gas 42% 49 Did pis. Tel. com 2 Indpla. Tel. Cos. pfd 90 Mer. Pub. Util, pfd 41% 51% Nut. Motor Cor. Cos 2 3 Puli. Sava. Ins. Cos 4% ... Ranh Fertilizer pfd 40 Stand. Oil of Indiana 85 8714 Sterling Fire Ins. Cos 6% 7% Van Camp lldw. pfd 90 101 Van Camp Prod. Ist pfd. 101 Van Camp Prod. 2d pfd 101 Vandalia Coal Cos. com 4 Vandalia Coal Cos. pfd..' 5 9 Wabash Ry. com 6 9 Wabash lty. pfd 20 21 BONDS. Broad Ripple 5s 50 Citizens St. Ry 5s 65 70 Indian Creek Coal A Mine lot* Ind. (Toko A Gas (is 00 Indpla., C. .V South. 5a 90 Indpla. A Martinsv.*sa 51'% ... Indpla. Northern 5s 37 43 1 11 <1 pis. N. W. 5s 49 50 Indpla. A S. E. 5s 45 Indpls., S. A S. E. 5s 00 Ind pis. St. Ry. 4s 481% 52 Indpls. T. A T. 5s 08 75 T. 11.. I. A E. 5s 40 I'. T. of Did. 0s * 47 52 Citizens Gas Cos. 5s 77% 79% Indpls. Gas 5s 74 81 Kokomo, M. AW. 5s 777* 70-% Ind. Hotel Cos. 2d 6s 93 Indpls. L. A 11. 5s 78 81 Indpla. Water Cos. 4%s 72 Indpls. Water Cos. 5s ill 93 Mer. 11. A L. 5s 92 New Tel. Ist 6s 94 New Tel. L. I). 5s 93% ... Sou. Ind. Power 5s ... 89’% •Ex-dividend sl. LIBERTY BONDS. Bid. Ask. Liberty first 3%b 95.12 95.42 Liberty first 4%s 94.34 94.04 Liberty second 4%s 84.24 94.40 Liberty third 4%s 90.28 90.41 Liberty fourth 4%s 94.28 94.54 Victory 3%a 99.0S 99.74 Victory 4%/s 99.00 99.76 —Sales—sl,ooo Liberty second 4%s at 94.30. SI ,OOO Liberty third 4%s at 90 34. SI,OOO Liberty fourth 4%s at 94.41. I Local Curb Market (By Newton Todd) —Nov. 16— Araer. hominy com 11 17 Central & Coast Oil % 1% CTlioate Oil Corp % 1”* Columbian Fire Ina, Cos 6 7% Comet Auto 1% 27* Dayton Rubber Units ...... 68 76 Dictograph Prod. pfd........ 46 55 D. W. Griffith 8 9'% Elgin Motor Car 3% 5 * Federal Fin. Cos. pfd 75 85 Fed. Fin. Cos. com 120 127 Gt. Sou. Prod. A Ref 5% (> Horst & Cos. pfd 32 52 Indiana Rural Credits 50 62 Metro. 5-10 c Stores com 8% 11% Metro. 5-50 c Stores pfd 20 30 National Underwriting 3% 5 Revere Motors % % Rauch & Lang Units 45 53 Rub-Tex Units 15 17% U. S. Automotive Units 75 85 U. S. Mtg. Cos. Units ’.... 148 158 BANK STOCKS. Commercial Natl. Bank 71 81 Continental Natl. Batik 109 116 Indiana Trust Cos 175 190 Indiana Natl. Bank 258 208 Merchants Natl. Bank 2SO Natl. City Bank 105 110 Security Trust Cos 130 State Savings & Trust 90 94 Wash. Bank A Trust C 0.... 150

SWINE PRICES HOLD STEADY Lambs Strong to 25 Cents Higher—Cattle Trade Dull. RANGE OF HOG PRICES. Nov. Mixed. Heavy. Light. Good Good Good 8. $7.35 $7.25@ 7.35 $7.35® 7.50 9. 7.35 7.25® 7.35 7.35® 7.40 10. 7.50 7.35® 7.50 7.75® 7.90 12. 7.25® 7.35 7.25 7.35® 7.50 14. 7.35 7.25® 7.35 7.50 15. 7.00® 7.10 7.00 7.10® 7.25 16. 7.00® 7.10 7.00 7.10® 7.25 Despite large resipts swine prices ruled steady on the local live stock exchange today. The influence of large receipts upon the trend of the market was offset by higuer prices in Chicago and other foreign marts and good demands by both local packers and shippers with eastern house connections. Receipts ran close to 13,000 swine for the day and with trade very active, practically all of the hogs had been sold at an early .hour in the forenoon. Shippers early bought must of the light grades of swine, while loeuS packers again bought the heavier grades. Heavy hogs brought $7. mixed and medium, $7(0.7.10 and lights, $7.10®7.23. The bulk of the sales ranged at [email protected]. There was another dull aud draggy session of the cattle market. Although packers Lought, as they usually do, they were slow about getting started. Itecefipts of cattle ran around 700. with but few really good cattle on the market. Due to this poor quality and the reluctance on the part of packers and other interests to buy, prices were generally barely steady to 21 cents lower, although there were- a few spots where fully steady prices were maintained. There was a top of $9 paid for one good yearling steer, while there were a very few scattered sales of yearlings at around $8.30. Bulls were generally steady with the trend of the previous day, but during the past week or more they have sustained losses ranging from 25 to 71 cents. Veal prices sustained declines of from 50 cents to sl. with receipts around 600, the demand in the East poor and the quality generally only fair to good. Choice veals brought a top of sll, while tin? bulk of that grade sold at $10.50. Good veals sold at $9.10% 10 and tnediunis at $7%9. Heavy and thin calves brought $4.50% 7. Sheep prices were steady and luntb values strong to 23c higher, with the demand by both local and Eastern concerns good and the quality generally good. Receipts of sheep and lambs ran close to 500, the bulk of which were taken by local concerns. There was a top of $9 on a few choice ewe and wether lambs, while there was a fair number of sales of that grade at $8.75. Other grades of lambs were higher in proportion to the advances sustained by the better grades. HOGS. Best light hogs, 150 to ISO lbs, average $ 7.10® 7.25 Over 3” lbs 0.90% 7XB* 150 to 300 lbs 0.99% 7,23 Sows 5.505/ 0.50 Rost pigs, under 140 lbs 7.25% 7.50 Top 7.25 Bulk of sales 7.00% 7.20 CATTLE. Prime cornfed steers, 1,300 to 1,800 lbs 7.00% 5.23 Good to choice Steers, 1,200 to 1.300 lbs 6.50% 7.00 Gmid to ehob-e steers, 1,100 to 1.200 llis 6.00% 6.50 Good to choice steers, 1,000 to 1,100 lbs • 5.00% 6.00 Coti"iton to medium steers 800 to 1.000 lbs 4.50% 5.00 Choice yearling steers 8.00% 9.00 —Heifers and Cowl— Good to choice heifers 6.50% 8.00 Medium heifera 5.09% 6.50 Common to medium heifers .. 4.50% 5.00 Good to choice cows 2.50% 4.00 Fair to medium cows 1 50% 2.50 Gutters 1.50% 2.50 Cauners 75% 1.50 —Bulls— Good to choice butcher bulls. 3.50% 400 Bologna bulls 3ud% 3.25 Light bologna bulls 2.25% 2.75 Light to common bulls 2.00% 2.25 —Calve*Choice veals .$10.500/11.00 Good veals 9.00%10.00 Medium veals 7.00% 9.00 Lightweight veals S.ihi.; 7.00 Common heavyweight veals.. 4.00% 500 —Stockers ami Feeders— Good to choice steers, under 800 lbs $ 4.10% 5.50 Medium cowa 2.00% 3.00 Good cows 3.00% 4.00 Good heifers 5.00% 7.(8* Medium to goo-1 heifers ...... 4 00% 5.00 SHEEP AND LAMBS. Ewes 2.00% 3.00 Bucks 1.50% 2.00 Choice ewes and wether lambs 8.50% 9.00 Seeontls 6.50%’ 7.00 Burk lambs 5,00% 6.50 Culls 2.00% 3.00 Other Livestock CHICAGO, Nov. 10, -Hogs Receipts, 19.0(K‘• market, mostly Ha- to 15c higher; bulk of sabs, sG.7sf<i.7; top. 57.21; heavies, $0.75% 7; mediums. $6.Mi%7; lights, $6.75%7; light lights, $6.90%7.40: heavy packing sows, smooth. sfl.vs)%o.oo; packing sows, rough, $5.90%0.25; pigs, $7.35% 8., Cattle—Receipts, 12.000; market slow and mostly steady; beef steers, choice and prime. $8.25% 11.25: medium and good, $5.75%9.5(1; good and choice. $8.75% 11.35; common and medium, $4.75 %5.75; butcher cattle, heifers, $3.25% 8.5(1; cows. s3%'o; bulls, $3%5.75; oanners ami cutters, cows and heifers. $2%: fanner steers, $2.50%:• 5(1; veal calves. $0 %9; feeder steers, $4.50% 0.40; Stocker steers, $3.25% 0 25; Stockers cows and heifers, $2.75%,5. Sheep and lambs —Receipts, lt.(MK’; market, lower; good to choice lambs. $8.50% 9 25; cull and common lambs. $5.75%5.23: yearlings wethers. $5.75%7.75; cull and common ewes, $2.75%5.71; feeder lambs, $7.40%540. CLEVELAND, Nov. 10.—Hogs —Receipts, 3,500; market, steady; yorkers, s7.4<>; mixed, $7.40; mediums. $7.40; pigs. $7.75; roughs, $0.25; stags, $4.25. Cattle —-Receipts, 250; market, steady; good to choice steers, SBO/!*; good to choice heifers. ss@o; goad to choice cows. $4%; 5; fair to good cows, s3@4: common cows, $2%;3; good to choice bulls, $4 50%; 1; milkers, $31%71. Sheep and lambs— Receipts, 2,100; market, steady; top, $9.25. Calves—Receipts. 250; market, 50 cents lower; top. $11.30. CINCINNATI, Nov. 10.—Hogs—Receipts. 0,500; market active and 25%'50c higher; heavies and mediums. $7.40; lights. $8; pigs, $8.50; stags, $4,759(5; doughs, $5,75%6. Cattle —Receipts, 900; market dull and weak; bulls, weak; calves, $14% 11.50. Sheep and lambs—Receipts, 000; market steady: ewes, sl%} 3 50; choice lambs, $9.50; seconds, $7; culls, $4% 5. EAST ST. LOUIS, Nov. 10.—Hogs—Receipts, 19,500: market steady: good heavies, $0.90% 7; roughs. $4.75@C; light*. $0.90%.7.10: pigs, $7.25(3.8,25; bulk of sales, $0.90(37. Cuttle —Receipts, 5,500: market slow and lower: native beef steers. S7%S; yearling steers and heifers, $7% 8.223:'c0w5, $3%5! stockcrs and feeders. $4%:5.35: ctilvrtfj $4%5,73; canners and cotters. $2.25%3. Sheeii and lambs Receipts, 2.000; market steady; mutton ewes, st% 4 30; choice lambs. $5%.8.73; canners and choppers, [email protected]. EAST BUFFALO, Nov. 10. —Hogs—Receipts, 2.720; market, strong; yorkers, $7.30%7,75; pigs, $8%’8.25; mixed, $7.50; heavies, $7%7.50: roughs, $0%0.23: stags, $4% 3. Cattle —Receipts. 275; market, ■Mow: shipping steers. $7.75(35: butcher grades, $7% 8.50; heifers. [email protected]; cows, $1.25% 5: bulls, $3% 3.50; feeders, [email protected]; milk cows t ltd springers, SSO %135. Calves—Receipts, 050; market, slow; cull to licoice, $5%}13. Sheep and lambs—Receipts. 2.200; market, active; choice lambs. $9.50%9.75; mil to fair, $7 %’S; yearlings, $4.50%;0; sheep, $1.50%) 4.75. PITTSBURGH, Nov. 10.—Hogs—Receipts, 2.000; market 15%)50e higher: prime heavies, $7.40: heavy yorkers, $8.15 (5’8.25; light yorkers. $8.25%.8.50; pigs, $8.23%.8.50; roughs, $5.50%,6.50; stags, $4 %4.75: heavy mixed. [email protected]. Cattle —Receipts, 100; market steady; choice, $8.25%8.50; prime, $7.75%:5; good, $7(3 7.25; tidy butchers, $0.75%.7; fair, ss@(i; common, $4.50%;5; common to good fat cows, [email protected]; common to good fat bulls. $2(35; heifers. $4.25%4i; fresh cows and springers, $35%95: veal calves, sl2: heavy and thin calves, ss@B. Sheep and lambs —Receipts. 600: market steady; prime wethers, $4.75%5: good mixed, [email protected]; fair mixed $3.50% 1.25: culls and commons, sl%*; choice lambs, $9.30.

GRAIN VALUES MAKE RALLIES Shorts Make Efforts to Cover Their Former Losses. CHICAGO, Nov. 16.—Wheat rallied from losses of yesterday and showed a firmer tone on the Chicago Board of Trade today. Buying by the shorts, in an effort to cover up their losses and reports that a large loan would be extended Germany were the factors that caused the rally. Other graius were also higher. December wheat opened at SKM?*, up %c, and closed 2%c higher. slay wheat opened up %c at SI.OB and closed up 111 c. December corn was %c higher at the opening of 47% and closed up %c. May corn opened unchanged at 02’ic and advanced %c at the close. December oats opened at 3274 c, up 74c, and closed up %.c. May oats opened up 14c at 36Vic and closed l%c higher. (By Thomson A McKinnon.) —Nov. 10Wheat—The seaboard speaks of a better feeling in export circles, and there is some inquiry for gulf wheat at advancing premiums. Beyond this, there have been no developments. This condition, however, has encouraged friends of the market for the reason that they believe that the foreign demand must again appear in North America as Southern hemisphere wheat does not usually arrive until March. Minneapolis also reports more interest on the part of shippers and elevators and says that export bids for all grains are In that market. At time of writing, no export sales have been made public. The new crop of Argentine wheat is said to have sold to Europe for January-February shipment at some 6 cents cheaper than United States sorts. Canadian wheat still presents active competition. their December wheat being 4 cents cheaper than Chicago market, without taking into account the matter of exchange. Rains have been reported in Illinois and parts of Missouri, but nothing as yet in Kansas, although rain or snow is predicted there. The optimism displayed by seaboard exporters should be c-losely watched for the reason that the trend of prices is to be gathered from the foreign demand. Corn and Oats—The seaboard demand for corn is Insistent, the basis of bids being advaned another *4 of a cent today, resulting in sales of about 450,000 bushels. It is believed that the account of sales would lie considerably larger If western shippers were lt%s reluctant to offer on the present basis. There is some reason for thinking that the contemplated reduction in western freight rates will not materialize. If so, there is not likely to be any important increase in the receipts. Southern markets are overbidding Chicago at Illinois points. Reel nt sales probably have cut into the elevator accumllations here and as light movement is expected, it is reasonable t|i believe that December will show relative strength. That market is neglected, operations being small and mainly changing between December and May. Provisions—Yesterday’s buyers of January lard were seen ns sellers today. There was also a little selling of November lard by packing interests. The volume of trade was not large. Sentiment favors lower prices in both products and lings, but the market receives support from cash handlers on all declines. CHICAGO GRAIN TABLE. Nov. 16— WHEAT— Open. High. Low. Close. Dee 194% 1 97’.* 1.0314 1.0674 Mav.... 1.98 1.107* 1.00 1.0974 CO UNDee 47% .47% .47 .47% May 5274 .53% .5274 .0314 OATSIlee 32% .32% .31% .32% Mav 30'* .:i7% .30% .37% FORK— Man 14.00 LARD— Jan..., 8.20 8 30 8 20 8.21 Mav.... 8.07 8.75 8.45 8.72 RIBS— Jan 7.00 7.05 7/K> 7.0. Mav.... 7.40 7.45 7.35 7.45 It YE Dec .7514 -77% . i.% .Ti Mav ... .80 1 * .81% .80'* .81% •Non. Inal CHICAGO CASH GRAIN. CHICAGO. Nov. 16.—Wheat—No. 2 hard winter, sl.ii,'i'. j %,l.o6'. j ; No. 3 northern spring dark, $1.13. Corn—No. 2 mixed 48% 48' i : No. 2 white. 4874 c: No. 2 v-llow. 4s'o 4-B’4c; No. 3 mixed, 4574® 40’.c: No. 3 white, 40%e; No. 3 yellow. 40*.*%47c: No. 4 mixed. 4574 c; No. 4 White 45%%40%e; No. 4 yellow, 45%4(V\ Oats -No. 2 white, 35®37c: No. 3 white, 31 %'•/ 31 1 ic; No. 4 white, 25%,3274c. TOLEDO GRAIN PRICES. TOLEDO. Nov. 16.—Wheat—Cash, $1.23; December. $1.2214; May. $1.2874. Corn—(ash, 52% I>e. cats Cash. 57’4%.391-*c. Rye—Cash, 78c. Barley—Cash, 03c. PRIMARY MARKETS. (By Thomson A McKinnon —Nov. 16— —Receipts— Wheat Corn oats 9t, .Toe S.IHHI 36.00(1 Milwaukee 11,009 23.000 Minneapolis.. 303.009 23.009 60,000 Duluth 171.000 7,000 16,000 St. Louis 39.000 47,000 14,000 Toledo 3,000 2,0*0 Detroit 4,000 ‘ 4.000 6.000 Kansas City. 100,000 8.000 9.000 I’eoria 47,000 9,000 Omaha 31,000 34.000 10.000 Indianapolis., 3,000 106,000 22,600 Totals 692.000 580,000 320.000 Year ago.. .1.114.000 423,000 406,000 —Shipments— Wheat Corn oats St Joe 17.000 10,000 Chicago 37.0(H) 267.000 06,000 Milwaukee ... 3,000 3.000 48,000 Minneapolis .. 181.000 8,000 52,000 Duluth 91 ,IH>O St. Louis 41.000 26.000 28.0(H) Toledo 48,000 1,000 2,000 Detroit 2.000 Kansas City.. 207.(MH> 20.(H10 22.000 Peoria 5.000 19.0000 14.000 Omaha 31.000 41,000 12.000 Indianapolis.. 1,000 22,000 22,000 Totals 659,000 417.1HH) 266.000 Year ago .. 988.000 250,000 492,600 —Clearances— Wheat Corn New Orleans 17,000 Totals 17.0(H) Year ago 478,000 £2,000 INDIANAPOLIS CASH GRAIN. —Nov. 16Bids for car lots of grain and hay at the call of the Indianapolis Board,of Trade were: Wheat—Firm; No. 2 red. [email protected]. Corn —Firm: No. 2 white, 4974(a50,%c; No. 3 white, 47%'4.8e; No. 2 yellow. 4974 %5074 c; No. 3 yellow. 4774®48*4e: No. 2 mixed, 46@47c; No. 3 mixed. 44@45e. Oats—Firm: No. 2 white, 36;4@3714c; No. 3 white. 3414%'3674c. Hay—Steady; No. 1 timothy. [email protected]; No. 2 timothy.. $6%'16.50; No. 1 light clover mixed, $1C%;16.00; No. 1 clover, sl9 %20. , —lnspections Wheat —No. 3 red, 3 cars: No. 5 t;ed, 1 car: sample, 2 cars: total, 6 cars. Corn—No. 1 white, 2 enrs; No. 2 white, 1 cur; No. 3 white. 4 cars; No. 4 white, 9 cars; No. 5 white, 1 car; No. 6 white, 3 cars; sample white. 2 cars; No. 1 yellow. 3 cars: No. 3 yellow, 3 ears; No. 4 yellow, 2 cars; No. 5 yellow. 5 cars; No. ii yellow. D cars; No. 4 mixed, 4 ears; No*. 5 mixed. 3 cars; total, 47 cars. Oats —No. 3 white, 9 cars; No. 4 white. 3 cars; sample white, 2 ears; total, 14 cars. n.AY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered: Hay—Loose timothy, $16@17; mixed may, $15% 16; baled hay, $16@17. Oats—Bushel, new, per bushel, 32@33c. Corn—Old, per bushel, 55@60c. WAGON WHEAT PRICES. Indianapolis ’flour tullis and elevators today are paying $1.07 for No, 1 red winter wheat; $1.05 for No. 2 red winter wheat and according to test for No. 3. Oats are quoted at 25c for No. 3 white or better TOLEDO SEED PRICES. TOLEDO, Nov. 16.—Cloverseed: Cash. $12.70; December and March. $12.75; January, $12.80; February, $12.53. Alslko —Cash, $10.80; December, $10.95; February and March. $11.05. Timothy— Cash, $3.0274; December, $3.05; January, $3.0774; February, $3.10; March, $3.20,

l Weather The following fable shows the state of the weather at 7 a. m„ Nov. 16, as observed by U. S. Weather Bureaus: Station. Bar. Temp. Weath. Indianapolis, Ind.. 29.98 45 Rain Atlanta, Ga 30.20 58 Rain Amarillo, Texas.... 29.70 44 PtCldy Bismarck. N. D.... 30.08 24 Cloudy Boston, Mass 30.30 38 Clear Chicago. 11l 29.90 42 Cloudy Cincinnati, 0hi0... 30.06 44 Rain Cleveland. 0hi0.... 30.12 34 Cloudy Deliver, Colo 29.72 34 Cloudy Dodge City, Kas... 29.70 38 Cloudy Helena, Mont 30.12 16 Snow Jacksonville, Fla... 30.22 64 Cloudy Kansas City. M 0... 29.68 60 Cloudy Louisville, Kv 30.00 50 Cloudy Little Rock, Ark.. 29.92 56 Rain Los Angeles, Cal... 29.94 56 Cloudy Mobile, Ala 30.12 70 Cloudy New Orleans, La... 30.10 72 Cloudy New York, N. Y 30.36 3S PtCldy Norfolk, Va 30.36 46 Clear Oklahoma City 29.74 50 Clear Omaha. Neb 29.74 38 Cloudy Philadelphia, Pa... 30.40 40 Clear Pittsburgh, Pa.... 30.22 36 Clear Portland. Ore -29.08 40 Cloudy Rapid City, S. D... 30.04 '2B Snow Roseburg, Ore .... 30.06 38 Rain Sail Antonio, Texas 29.86 72 Cloudy San Francisco, Cal. 30.04 50 Clear St. Louis. Mo 29.82 54 Cloudy St. aul, Slinn 29 82 36 Cloudy Tampa. Fla 30.18 08 Clear Washington, D. C.. 30.40 30 Clear WEATHER CONDITIONS. Tlie western depression now covers the middle and southern Rocky Mountain and Plains region, and extends thence northeastward over the upper Mississippi Valley and northwestward to the Pacific coast. It has caused higher temperatures generally from the upper Mississippi and Lakes region to the west Gulf States, but over the northern parts of tlie Great Plains and Rocky Mountain temperatures are considerably lower, due to a field of high barometric pressure advancing from Alberta. Between these two areas rains and snows have been general in the northern tier of States from the north Pacific to tlie Great Uajtes, while some showers also have fallen In tlie middle Mississippi Valley. J. H. ARMIXGTON, WHOLESALE FEED PRICES. Ton. Cwt. Acme Bran $21.00 sl.lO Acme Feed 21.00 1.10 Acme Mids 21.00 1.10 Acme Dairy Feed 40.00 2.05 Acme H. & M 27.00 1.40 E Z Dairy Feed 29.00 1.50 Acme Stock Feed 22.00 1.15 Acme Farm Feed 26.75 1.40 Crac-ked Corn 25.50 1.30 Acme Chick Feed ........ 35.00 1.80 Acme Scratch 31.00 1.60 E-Z Scratch 28.50 1.45 Acme Dry Mash 38.25 1.95 Acme Hog Feed 33.25 1.70 Ground Barley 34.75 1.50 Ground Oats 28.75 1.50 Homlick 23.25 1.20 Rolled Barley 34.75 1.80 Alfalfa Mol 30.50 1.69 Cottonseed 50.00 2.60 Chick Mash 40.75 2.K’ Tankage 52.50 3.00 Meat Scraps 75 00 4.00 FLOUR AND MEAL. E-Z-Bake bakers' flour in 9S-lb. cotton bags $7.30 Cornmeal in 100-lb. cotton bags.. .. 1.45 CHICAGO PRODUCE. CHICAGO, Nov. IC.—Butter Receipts, 4,300 tubs; creamery extras, 44c; extra firsts, 35%.42c; packing stock. 23®24c. Eggs—Receipts, 3.2'H) cases; current receipts, 50%52c; ordinary firsts, 43®47c: firsts. 53%55c: checks. 26%28c; dirties, 2n%.50c. i.’heeßp—Twins, new, 19% 19’4c: daisies, 197c%:20c; voting Americas, 19% %20c; longhorns, 19K>(g20c; bricks, 20c. Live poultry—Turkeys. 35c; chickens, 17c; springs, 17c: rosters. 14c; geese, 21c; (lucks; 25c. Potatoes—Receipts, 85 cars; northern whites, $1.75% 2.05 per 150-lh bag: Red Rivers and Early Ohios. $1.50 tjjl.Co; Minnesota Earlies, $1.70% 1.70. CLEVELAND PRODUCE. CLEVELAND. N-.y. 16.—Butter—Extras in tubs, 51%T,1%c; prints, 52%52%c; extra firsts. 50%51’jc; firsts. 49%4'9’jc; seconds. 40%!40%c; packing st ick, 27%:28c. Eggs—Fresh gathered northern extras. 59c; extra firsts. 58c: Ohio firsts, new cases, 55c; old cases. 53c; western firsts, new cases, 50c. Poultry—Live, heavy fowls, 24%25c; light fowls. 16%15c: light springs, 17% 18c: live spring ducks, 26%, 28c; turkeys. 37%35c. Potatoes —Michtgans, $3%3.25 per 150-lh. bag; Early Ohio. $3. Sweet potatoes—Jerseys, $3.50%,3.71 per barrel; $2.50 per hamper. 4) UNEMPLOYMENT IN KANSAS CITY GROWING ACUTE Nearly 10,000 Men Out of Work in ‘Gateway City: KANSAS CITY, Mo., Nov. 16.—The unemployment situation iu Kansas City is daily becoming more acute. This fact has been revealed through a survey of welfare agencies throughout the city, conducted by several committees front the Chamber of Commerce. Nearly 10,000 nten, 50 per cent of whom are “floaters,” are without employment in this city, the survey showed. There has been a large influx into the city of m'n from all sections of the country, lured hero by numerous false rumors circulated to the effect that Kansas City has no unemployment problem. Relief organizations report they are receiving hundreds of appeals for aid, far in excess of any made previously, they say. The Helping Hand Institute's records show that 1.073 nteu were cared for during ■ September this year, compared to 300 duriug the same period a year ago. “Requests for aid from our organization come in larger numbers every day,” Brigadier John C. Smith, divisional commander of the Salvation Army, said. “At least 100 per cent more requests for food, lodging and transportation have come during the last month than in the same period last year.” During 1920 the Provident Association distributed aid to 451 families in September. This year assistance was rendered to 706 families. Mayor Cowgill has announced that he is strongly in favor of and would endeavor to cooperate extensively with President Harding's recommendations to mayors of municipalities that they do everything humanly possible to aid the jobless in securing employment. “It would help some,” said the mayor, “if employers could conduct their business so as to divide a week among their regular employes and those out of work, giving each class three days' work each week.” Bring ‘Nothing on Hip’ Is AlumniJVarnmg BLOOMINGTON, Ind., Nov. 16. Students of Indiana University sent out a message to 2,600 alumni last night warning them against bringing “anything with you on your hip” when they attend the Indiana-Furdue football garde Saturday. “The drinking situation at the present time in our colleges is a serious one,” the message said.

BRITAIN *OT COMMITTED TO PLAN CHANGES Naval Experts Say They Have No Definite Amendments to U. S. Program. WASHINGTON, Nov. 16.—Great Britain’s naval experts are not committed to any definite program of amendments to America’s far-reaching scheme for limiting the world's navies, it was semiofficially stated today at British headquarters. The statement was made in connection with the meeting of the four allied admirals—Beatty, Kato, Deßon aud Acton —under the chairmanship of Assistant Secretary of the Navy Roosevelt, to consider the practical application of America’s proposals. Admiral Beatty, it was said, would merely present his views as the discussions progressed, but had prepared no program and was under no instructions to stick to hard and fast principles. London dispatches reporting criticisms of Balfour's acceptance by the Liberal press were not alarming to the members of the delegation. British spokesmen said the criteisms were based upon preliminary reports cabled to London from ashington and that sufficient time had not elapsed for the full speech of Balfour to. receive editorial comment. As Great Britain, Japan and the United States approach an agreement oil the limitation of the size of their respective navies, it will become evident, according , to opinions expressed in high diplomatic j circles, that provisions must be made for ! assuring adequate protection to the world's merchant fleets. Tap concrete suggestion may be made that the various nations now maintaining merchant fleets should enter into nit agreement or treaty arrangement whereby the cost of such protection might be i shouldered proportionately by the par- : ticipating powers. CHARGE YOUTH WITH MURDER OF HIS PARENTS Michigan Authorities Investigate Slaying and Home Burning. i SAGINAW, Mich., Nov. 16.—A warrant will be sworn out today charging Richard Champlain, 22, with the murder of his father and mother, Mr. and Mrs. Admin B. Champlain, wealthy farmers of Hemlock, Mich., authorities investigating the case said today. Tlte bodies of Mr. and Mrs. Champlain wore found in the charred ruins of their home, which was burned Monday night. Bloodstains on the blankets beneath them, testified to a murderous assault. Tic police believe young Champlain's romance with a school teacher of Reese, Mich., near here, led to the tragedy. Letters found in the trunk which Champlain had packed prior to the lire were signed ( lara. ’ 1 hey spoke of deep regret on the part of the young woman for “Dick” and expressed the hope that he was not “stepping out too much.” ONE SHIP’S COST TO SAVE RIVER Price of U. S. Man o’ War Sufficient to Make Ohio Navigable. Special to The Tirr,“9. EIANSVILLE, Ind., Nov. io.—Pointing out that for the cost of one American battleship the Ohio River could be made navigable at all seasons of the year, the 400 delegates to the Ohio River improvement Conference, in session here, today demanded in resolutions that Congress, in view of hoped-for reduction of naval armaments, appropriate sufficient money to complete the program of locks and dams for that stream. The original program adopted more than two years ago, it was stated, called for fifty-two locks and dams. Thirtythroe have been completed, including Dam 48 at Henderson, Ky., near here, dedication of which brought the conference to this city. Ten are under construction and nine are yet to be built, j Total expenditures thus far amount to ; $61,000,009 and $20,000,000 more, it was declared, is needed to complete the project. L DEFY ACCEPTED BY FARRINGTON Iliinois Mine Leader Embraces Arkansas Challenge. PEORIA. 111, Nov. IQ.—President Frank Farrington of the Illinois miner! today wired his acceptance of the challenge of John Wilkinson, president of Arkansas miners, District No. 21. Wilkinson, in the convention now in session at Ft. Smith, Is quoted as declaring: “It does not lend prestige to our national organization to support President Alexander Howat of District No. 14 (Kansas) iu his present attitude.” \\ ilkinson challeged Howat’s supporters to debate with, him on the charge of supporting the Kansas leader. Kidnap St. Louis Boy on His Way to School ST. LOUTS, Mo., Nov. 16.—Two men In an automobile kidnaped Dominick De Franco, 7, while he was en route to school Monday, it became known today. The boy's father said he had received no threatening letters.

DOVE BRAND HAMS fA TASTE YOU CAN’T FORGET

FEDERALTAX SPECIALISTS Accounting Systems—Appraisals Reorganizations DONEY, ROGERS & CO. (Incorporated) Hume-Mansur Bldg. ESTABLISHED 1917