Indianapolis Times, Volume 35, Number 118, Indianapolis, Marion County, 26 September 1922 — Page 11

SEPT. 26, 1922

STOCKS HESITANT, JUtTO DOUBT IS TOTURKSm foreign Situation’s Uncertainty * Reflected in Eariy Dealings. FIRST TRADING IS DULL Resumption of Upward Movement in Securities Predicted by Banking Firm. Twenty active industrial stocks Monday averaged 08.90, off .20 per cent; twenty active rails averaged 31.82, off .06 per cent. By United Financial NEW YORK, Sept. 26.—The Wall Street Journal today says: Stocks were hesitant in opening dealings on the New York Stock Exchange today, reflecting uncertainty ever the foreign situation. Dubt as to whether Turkey would accept the allied terms caused some selling of Kaldwln, American Can and Studebaker, but offerings were light and readily taken. Rails were fractionally depressed by the thought that the earnings statements might be affected by the strike disTrading was dull in the first half hour. Baldwin and Studebaker, which had been used to start the decline last week, were again subjected to considerable selling. But both stocks showed resistance just below previous closing levels. Sinclair Acts Well Sinclair continued to act well around thirty-four on buying which was attributed to several strong houses. Sinclair has advanced little in the face of the sharp upward moveinent in Standard Oils. Stock is selling more than 4 points below’ the year’s high. Conversion of the 7% per cent gold notes into stock will still further strengthen the company’s cash position. A large banking interest looks for resumption of the upward movement in securities when the current reaction has spent itself. A short interest has been built up in the market as a result of the threatening international .situation, but this short interest is not unwieldy. Big things are looked for in the market movements in the last quarter. Efforts to advance certain issues will be based on the improved earnings of many lines of industry’. ise price movements in the second Hrur Even the familiar demonstra■ms in the special Issues were lackJfm: and the market had the least inOftest for the speculative community session in recent months. One group which had attempted to revive activity in two or three of its favorites in the previous session, passed the word around that Mexican Petroleum shorts would be run in before the day was over, but this announcement failed to arouse the customary’ response. Timken Roller Bearing, which made its initial bow on the big board, was active around 30, a price at which it was recently offered for public subscription. Since the stock was placed, on the market it sold ex-dividend 75c u share. Earnings in the current quarter will approximate $2,500,000 after charges and taxes, which with the $4,095,630 earned in the first half will br.ng the nine months' total to approximately 6.600.000, equal to $5.50 a share on the $1,200,000 share no par stock. For the full year profits are expected to exceed $8,250,000, or nearly; ?7 a share, more than twice the current annual dividend requirements of $3 a share. Both the Canton and Columbus plants are operating at capacity and officials see no indications of an early let-up in demand.

LOCAL BANK CLEARINGS Indianapolis bank olearinss Monday were $3,026,000; bank debits were §5,014.000. NEW YORK MONEY MARKET By I'nlterl Finnncinl NEW YORK. Sept. 25.—A1l three to six months' money is arranged at 1 per cent; shorter maturities. per cent; •nmercial paper discounts. -Mi per cent 1 4H per cent. FOREIGN EXCHANGE By Failed Finnncinl NEW YORK. Sept. 25.—Foreign exchange opened firm. Sterling—Demand. 84 42H: cables. 54.425: up Sc. French —Demand. 7.68 c: cables. 7.6814 c: up .070. I.irc—Demand 4.23 He: cables 4.24 c: up .02He. Belgian—Demand. 7.24Hc; cables. 7.25 c; up ,06c. Marks—Demand. .0714 c. Drachma—Demand, 3.20 c; cables. 3.26 c. Guilders—Demand. 38.75 c; cables. 37.78 c Swiss—Demand, 18.70 c; cables. 18.72 c: up .02c. Peseta*—Demand. 15.33 c: cables. 15.35 c: up .02c. Swede—Demand. 26.40 e: cables, 26.50 c. Norway—Demand. 16.88 c; cables. 16 02c: off ,01c. Dane—Demand. 20.86 c: cables. 20.90 c. NEW YORK LIBERTY BONDS —Sept. 25 Prev. High. Low. Close. do6e. T. B 3He ...101.38 101.26 101.28 101.24 L B Ist 4s 100.60 L B 2d 4s 100.06 100.06 L B Ist 4 Hs. 100.64 100.52 100.64 100.54 L B 2d 4Hs-100.16 100.00 100.02 100.08 L B 3d 4>i5.100.26 100.00 100.02 100.18 LB 4th 4>is. 100.48 100.30 100.28 100.60 Victory 4 Hs. 100.66 100.40 100.60 100.66 ACTIVE OIL STOCKS (By Thomson & McKinnon) Closing—— Bid. Ask. Anglo-American Oil 20 20 H Atlantic Aefining, Lobos 9 OH Bome-Serymser 440 460 Buckeye Pipe Line 97 99 Chesebrough Mfg. Cons 195 205 Continental Oil. Colorado.... 143 147 Cosden Oil and Gas 5 11 Crescent Pipe Line 35 37 Cumberland Pipe Line 145 155 Elk Basin Pete 1194 11H Eureka Pipe Line 95 98 Galena-Signal Oil. pfd 108 112 Galena-Signal Oil. com 51 54 Illinois Pipe Line 173 175 Indiana Pipe Line 96 97 H Merritt Oil 8% 9 ~M id west Oil 1H 2H Rfg 225 onal Transit 26 28 WSw York Transit 173 178 Northern Pipe Line 104 108 Ohio Oil 300 310 Penn.-Mex 26 27 Prairie Oil and Gas 630 645 Prairie Pipe Line 270 275 Sapulpa Refg 3 H 3H Polar Refining 370 ... Southern Pipe Line 95 98 South Penn Oil 200 210 Southwest Penn Pipe Lines.. 61 64 Standard Oil Cos. of Ind 117 % 118 Standard Oil Cos. of Kan 585 695 Standard Oil Cos. of Ky 107 H 108 Standard Oil Cos. of Neb 190 200 Standard Oil Cos. of N. Y.... 500 505 Standard Oil Cos. of Ohio 485 500 Swan & Finch 32 36 Vacuum Oil 610 515 Washington Oil 20 25

New York Stocks (Bj Thomson & McKinnon I —Sept. 25

Railroads— Prer. High. Low Close. Close Atchison ...106% 106 106 105 Atl. C. Line.. 119% 118% 119% 117% B * O 56% 55% 66% 66 Can. Pacific. 147 146 146% 145% C. & O 75 74% 74% 74% C Sc NW. By. 93 93 92% 92 C., R, I. Sc P. 45% 43% 43% 44% C & G.W.pfd. 16% 15 15% 14% Del. Sc Hud. 136% 136% 136% 134% Del. & Laeka.l34% 133% 134 i 133 Erie 14% 15% 15% 10% Erie Ist pfd. 24% 24% 24% 24% Gt. N. pfd.. 93% 93% 93% 93% 111. Central 113 ..... K. C. South.. 23% 23% 23% 23% Lehigh Val.. 69% 68% 68% 69% M.. K. 4T.. 18% 18% 78% 18% M. Pac. pfd. 60 69% 59% 59% N. Y. Cent.. 98% 98% 98% 98% N.Y.N.K.&H.. 31% 30% 30% 31 North. Pac... 87% 86% 87 86% Nor. Sc West.l2o % 110% 120 119% Penn 48% 48% 48% 48% Reading- .... 78% 78 78% 78% So. Ry 25% 25% 25% 20% So. Pacific... 94% 94% 94% 94 St. Paul 33% 33% 33% 34 St. Paul pfd. 51% 60% 51 61 St. L. Sc S.W. 31 30% 31 31% St-L.&S.W.pf.. 49% 49% 49% ..... StA&S.F Ry.. 29% 28% 28% 28% Tex. & Pac.. 30 29% 29% 30 Union Pac 151 150% 151 Wabash 12% 12 12% 12% Wab. pfd 32% 32% 32% 32% Pgh. Sc W.V.. 37% 37% 37% 3<% Rubbers— Ajax Rubber. 14% 14% 14% 1-4% ; Goodrich R.. 34 34 34 33% Kdly-Spg.. 43% 43% 43% 43 K. T. Sc R. Cos. 8% 8% .8% -- • • G. 8. Rubber 51% 61 01% 51% Equipments— A. C. and Fd..188% 188 188 187% Am. Loco. ..123 122% 122% 1-3 Baldwin L... 136% 133% 133% 134% Gen. Electric 179% 179 179% 1.8% Lima Loco.. 60% 59% 59% 60 N. Y. Air... 39% 38% 38% 39 Am. Steel Fd. 44 % 44% 44% 44% Pullman ....133% 132% 132% 132% West. Elec... 63 % 02% 03 63% Beth e '(B7 .. 76% , 75% 76% 76 ; Crucible .... 90 89 89 % 89 Gulf States.. 94% 91% 91% 89% Lackawanna.. 82 81V. 81J* 81% Midvale .... 35 % 34 % 34 % 36 n Replogle 35 33% 34 % 34 R. I. and Steel 67% 66% 67 67% G. S. Steel.. 104% 103% 103 % 103% G. S. S. Pfd 122% 122% 122% 122% Vanadium ..49% 48 48 48% Chm!diCT - M.. 61 60% 60% 60% Gen Motors.. 14% 11** J l* Hupp Motors 23 22% % 22 % Hudson M... 21% ?1% “i % Max M (A) 58% 68 68 08 M Motors! B) 19 18% 18% 18% !!% 15% 15% 15% Martin* Perry 32% 31% 32% 31% Pierce-Arrow 13% 13% 13 13% Stpdebaker .128% 126% 126% 128% Slew-Warner 61% 60% 61% 00% WiUys-Over . 6% 6% 6% % White Mot. 51% 51 51% 53 Minings— _ „ Butte C Sc Z 7% 7% 7% 7% Dome Mines 39 38% 38% 38 Int Nickel.. 17% 17 % 17% 1. * Tex GSc S.. 56% 556 56 50% Coppers— Am Smelt.. fil Va 61 62% Anaconda • • 54 53 **4 53 H 53 S

BOND SLUMP REMAINS Market Gives No Indications of Recovery. By W. 11. GRIUFS United Financial Staff Correspondent NEW YORK, Sept. 26.—Neither prices or the volume of trading at the opening of the bond market today gave any indication that the market is yet ready’ to get out of the slump In which it has been for a week. . Liberty fourths 4%s were active in the first half hour but the demand that existed was not sufficient to carry them upward to any extent. Other liberties were quiet. Foreign bonds again showed signs of weakness. Dutch East Indies 6s of 1962 got down to 94% off % and French 7%s apparently had trouble staying above 96. Speculative rails were quiet and barely steady while there was not enough activity in the higher priced rails and Industrials to indicate any trend. New bond offerings were again heavy today. NEW YORK STOCK OPENING Allied Chemical 83 % Allis-Chalmers . 55% Am. Bosch Magneto 41 Am. Can 69% American Ship, and Com 21% American Ice 112 Am. Locomotive 122% Am. Steel Foundry 44 % Am. Sumatra Tobacco Cos 41 % Am. Woolen 99 % Anaconda „„ 53% Austin Nichola 37 Baldwin Loco 13.3 % B * 0 55% Bethlehem Steel (B) 76 California Pete 64 Canadian Pac. By 145% Chandler Motor 60 C.iO 74 Chicago Sc Northwestern 92 Chi . Rock Island A Pac 43% Chi-a<-o Rock Isl. Sc P 7 per cent pfd.lol Chili Copper .... 25 % Cos I'mbia Gas 110% Coaden Oil s<) % Coca Cola 71% Col. Fuel and Iron 33% Continental Can 88 Com Products 116 % Cuban Cano Bugar . . 13 % Del. Sc Lack 134% Davison Chem 51 Elec. S. Battery 53% Famous Players 97 General Asphalt 63 % General Motors —. .. 14* Gulf States Steel 91 % Hudson Motors 21% Kelly-Springfield Tire - 43 Kennecott Copper 35% Lackawanna Steel 81 % Lehigh Valley 68% Marine pfd 57% May Stores 133 Mexican Petroleum 188% Mexican 8. B 21 Middle States Oil 13 % Midvale Steel 34% Missouri-Pac. Ry 22 Misaourl-Pae. Ry. pfd 59% Mont. Sc Ward 23 N Y. Central 98 Northern Pacific 86% North Am 95 Owen Bottle com *O% Pacific Oil 57 Pan-American Petroleum —. .. 79% Penna Ry 48 % Pro. and Refiners 46% Pullman Pal. Car ....133 Reading 78% Replogle Steel 33% Royal Dutch of N. Y 58% Sears-Roebuek 89 s Sinclair 84% Southern Pacific 94% Standard Oil of Cal 117% Standard Oil of N. J. .■ 196% Stewart Sc Warner 51 1 Studebaker 126 % Texas G. and Sulphur 56 Texas Coal and Oil .. 25 Tobacco Products 85% Transcontinental Oil 14% Union Pacific 150% G. S. Retail Stores 83% U. S. Industrial Alcohol 65 U. S. Rubber 50% G. S. Rubber pfd 97% G. 8. Steel 103% U. S. Steel pfd 122% Westinghouse Electric 63 Willys-Overland 6% MOTOR SECURITIES (By Thomson & McKinnon) “—Sept. 2o——Closing— Bid. Ask. Earl Motors 2 2% Col. Motors 33% Packard com 14 14% Packard pfd 88 % 90 Peerless 58% 60 Continental Motors com .... 10% 10% Continental Motors pfd .... 103 105 Hupp com 22% 23 Hupp pfd 105 110 Reo Motor Cars 13 13% Elgin Motors .—l% 2 Grant Motors % % Ford of Canada .......••.■•.410 415 National Motors 2 3 Federal Truck 19 21 Paige Motors 22 23 Republic Truck 33% CLEVELAND PRODUCE By United Financial CLEVELAND. Sept. 25.—Butter —Extra In tubs. 40% @47c: prints. 47%@48c; firsts. 44% a 45c; packing stock. 23%® 25 %c. Eggs—Fresh gathered northern extras. 37 %c: extra firsts. 535 %@.36c: Chios. 32c: western firsts, new cases. 28c. Poultry—Live heavy fowls. 26® 27c. roosters. 114 t 15c; spring ducks. 16 @ 23c. Potatoes, $2.40 a barrel.

High- Low Close. Prey Chile Cop... 26 20% 25% 26 Kennecott... 35 35 % 35 % 35 i> Miami 28% 28% 28% 28% Nev Cons... 16% 16% 16% 1-3% Utah Cop... 68 67% 6R 67% Ray Cons ..15% 15% 15% 15^ Oils—— Cal Petrol.. 65 % 63 H 63 % 33 *4 Ckisden .... 50 % 60 % 60 % 50 Houston Oil 81% 79% 30% 79% Invinc Oil.. 16 15% 15% 15% Mex Petrol .189% 184% 188% 187% Mid St Oil. 13% 13% 13% joS Mex SB 21 20% 21 21% Pan-Am Pet 79% 78 78% 78% Pac Oil ... 57 % 58 % 57 % 56 % Pierce Oil.. . 6 % 6 % <3 % ese Pr oand Ref 46% 46% 48% 45 T 4 Pure Oil .. 3.3 32 32% q? 2 Royal Dutch 59% 68% 69% 57 it St Oof Cal .118% 116% 117% 8. O. of N. J..1!‘9>4 190% 197% ioq Sinclair ... 34% 34 34% 34 Texas C 0.... 48% 47% 47% /7T4 Texas C. Sc O. 25% 25 25% 25% T. Oil.. 14% 13% 14^ Union 0i1... 19% 19 19 19Vi White Oil ..... S', 8% s% g 4 Industrial — Alied Chem. 83% 83% 8.7% 82% Allis Chaim... 56 55% 55% 55% Am. Can .... 60% 59% 59% 00 % Am. Icc .. .U 4 113* 113 113 Am. Linseed. -38% 37% .37% .76% Am. Woolen. 99% 99 99 99 >t Cen. Leather. 42 41 43 41 1’ Coca-Cola .. 71% 69% 71 091, Comp. Sc T.. 72% 72% 72% 72% Cont. Can. . 89% 88% 87% 87% Fam. Players 98 97% 97% 97% Gen. Asphalt 64% 63% 63% 04 Inter. Paper. .58 57% 57% 67% Loews 21% 20% 21 21% May Stores .100 105% 106 130 Mont. & W.. 23% 22% 22% 22% Nat. Enamel. 62% 82% 62% 62 Nat. Lead 106 105% 106 Owen Bottle. 4040% 41% 40 Pitts. Coal.. 69% 09% . 09% 69% Sears-Roe.. . . 90 89 % 89 % 80 % U. 8. B. St.. 83% 80% 83% •> % U. S. In. Ale. 63% 65% 65% 64% Utilities — Am. T. Sc T. 122% 121% 121% 122 Brk. R. Trn 24% 24% 24% 24% Consol. Gas. 141 139 139 140% Colum. Gas 112 110% 110% 109% People's Gas 95% 94 % 95 TANARUS 94% Shipping— Am. Int. Cor. 35% .34% 35% 35 Am. S k C.. 22% 21% 22 21% Atl. Gulf . 30% 30% 30% In. M. M pf. 58% 68 58 58% United Frt...149 148 148 148 Foods— Am. Sugar.. 79% 79% 79% 79% Austin Nich. 37% 37 37% 36% Corn Pr0d...117% 116% 117% 116% Cuban-Am. S. 23% 2.3 2.3% 22% Wilson Sc Cos. 48 47% 47% Tobaccos — Am. Sumatra 40% 4074 40% Am. Tob. C 0.163 % 161% 162% 161 % Tob. Prod. . 86% 85% 83% 86% Miscellaneous Stocks— Alaska J.... 1% 1% 1% 1% Dav. Chem... 53% 51 51% 50 Elec. 8. Bat. 53% 50% 53% 60% North Am. 96% 95% 95% 94 Phila. Cos. .. 45 44% 44% 44% Magma 34% 33% .3.3% 34 Brown Shoe. '’,2 ", 62 % 62 % S. Oil of Ind 118% 117% 118%

STANDARD OIL LEADS j First Place on New York Curb Ex-1 change Held for Hour. 1 Bu ir. 11. GRWBR li United Financial Staff Correspondent >j NEW YORK, Sept. 26.—Standard 1 Oils took the leadership of the market at the opening of the New York Curb Exchange today and held It through the first hour. While the stocks of the big oil companies are always prominent on the| curb, they will be more to the front! than ever duEing the next few weeks! until the various refinancing plans otl the various Standard companies art completed. Vacuum Oil started at 512. up 2. bu' before the session was an hour old i fell back three to 509. Standard 01 ’ New York went to 607. The independent oils were slightl; • higher and Gulf Oil ranged betweei 1 j 63% and 63%. Outside tin- oil group, Mesabt wa 1 prominent with an opening at 10!. from which it jumped to 10776. INDIANAPOLIS STOCKS —2ft—— Stocks Bid. Ai*k. Ind Ry ft Light ™m SH ... lad Ry A Lirht pfd S3 •• indpl* ft S E pfd 60 (ndpU St Ry ft* T H T ft L Pfd 8} • • T H. I & R. 1 T. H. I. ft K pfd TV* ... (T T of Ind pom 2 ri T of Ind lt pfd 10 IT T of Ind 2d pfd 2 \dvanco Humify pfd 40 . • • \dvanoe-Rumely tom 17*4 ... Am pfd OS ••• Belt K R com *4 ... Belt R R pfd 50 Century RMjr Cos. pfd 05 * • ■ Citizen* Gas Cos 22 S City Service eom 100 20i City Service pfd 687‘ H American Central Life In§. . . 200 Dodgre Mfir Cos .. ••• Home Brewinr •• < Tnd Hotel com 88 ... Ind Hotel Cos. pfd 00 ind Nat’l Life Ins Cos 2 Ind. Title Guarantee 60 Ind. Pipe Line 05 0 |% IndpM Abattoir pfd 46 ... Indpls Gas 40 6 1 Indpls Tel pfd 0 ... Indpls Tel com 1 • • . Mer Pub Util pfd 52 ... Rruih Fertilizer Cos 40 ... N’atl Motor Car Cos 1 4 Pub Savinsrn In% Cos 6*4 ... Standard Oil of Indiana. ... lift % ster’insr Fire Insurance C 0... 7 8 Van Camp Hdw pfd 00 ... Van Camp I*rod Int pfd... 07 ... Van Camp Prod 2d pfd • • . Vandalia Coal Cos com 1 5 Vandalia Coal Cos pfd 0 . . . Wabash Ry com 11 Mi . . Wabash Uy pfd 31% Ronds Broad Ripple 5s 63 ... Citizens St R R 6§ 84 M 9 Ind. Coke and Gaa fts 80 : It Tnd pis C ft S 5s Oft ... Indpls ft Martinsville fts. .. . 68 .. Tndpls & Northern fts 52 35 Indpls St Ry 4s 07 V% 19% r ndpls ft N W fts 50 ... Indpls ft S. E fts 40 ... Tndpls. Shelby ft S. K. fts. . . 60 ... T H I ft E fts 71H . . . Citizens Oaf 88% 02 Tndpls Gas fts 9034 9134 Kokomo. M ft W fts 90 95 Indiana Hotel Cos. fts 100 , .. Indpls Water 4Hs 82H . .. Indpls Water 5a 07 99 Indpls T ft T fts 85% 00 Tndpls L ft H fts 04 95*4 IT Tof Ind 0s 63*4 . New Tel L Dos 07 .. New Tel Ist fts 07 South Ind Power fts 87 92 CHICAGO STOCKS (By Thomson Sc McKinnon) —Sept. 25Open. High. Low. Close. Am Shipbldg 72 74 72 74 Ar Sc Cos pf.loo 100% 99% 100% Com Edison.l.3o% 1.30% 130% 1.30% Cont Mot... 10% 10% 10% 10% Dmd Match.lls 117 115 117 Lib-McN new 7 % 1 8 77, 8 Mont Ward. 22% 2.3 22% 2.3 Mt Wd new. 8 8 7% 73f Pig Wig A.. 44 44 43 43 Reo Mot... 13% ,13% 13% 13?,, Stew-War... 50% 152 50% 51% Swift Sc C 0.108% (108% 108% 108% Swift Inti... 2.3 % 124 23 % 23' ft Un C Sc C.. 61% 62% 61% 61 * Wahl 58 % I 59 58 % 58 y. Yellow Taxi 73 74% 73 74 indianapol7s produce Eggs—Fereh candled. 31c. B utter — Packing stock, 21c: ifowl. 4 lbs. ui >. 22c: fowl, under 41b., leghorn so vl and springs, 26 per cent .discount: sprin ;s. 21b. under. 25c; springs, lover 2 lbs.. 2 c: cox and stags. 11c; yours tom turkeys. 12 lbs up, 25c: young hen tirkeys. 8 lbs. u p, 25c: old hom turks. 20c: Bucks. 4 lbs. u p, 16c: geese. 10 lbs. up. lie squabs. 11 lbs. to doz.. $5: young g'jftnlas. 1% to 2 I b. size, per doz . $7 Al chicagclproduce By United Financial CHICAGO. 'Sept. ';s.—Butter—C reamrry extra. 41 %e; standaiMs. 37c; firs :s, 34® 35c: seconds. 31®,'tc. Eggs—( rdinary. 25@28e: firsts. 28 il.3c. Cheese —T ,lns. 21 <®2l%c; Young '.‘fmcrlcans. 21 ££-21 %e. Poultry—Fowls. l.i® 2.3 c: duck , 21c: Geese. 18c: springs, 21c: turkey s, 25c; roosters. 13c. )

THE INDIANAPOLIS TIMES

CORN AND WHEAT BULLETIN Fo- the twenty-four hours ending at 7 a. m, Monday, Sept. 25. 1922. Temperature °1- § = ®S"r - 0 O 5 ri S --0 -oi fli a>, d2 ! ftjj l e South Bend 74 39 0 Good Angila 71 38 0 Good Ft. Wayne 72 42 0 Wheatfield 70 35 0 Good Royil Center.... 72 40 0 Good Mar on 75 42 0 Good Lafayette 76 44 0 Good Farmland 77 38 0 Good Indianapolis .... 76 44 0 Good Can bridge City.. 78 40 0 Good 'Bene Haute 78 44 0 Bloomington ... 84 44 0 Good Columbus ...... 81 42 0 Good Vinoennes 84 47 0 Good Patli 89 49 O Good Evj nsvllle 84 50 J 0 ~tight frosts at South - Bend, Angola and Wheatfield. J. H. ARMINGTON. Meteorologist. Weather Bureau. IKIfiIES HERE UNSETTLED Weaker Tone Evident at Close and Most of Price Advance Lost. nog Prices Day by Day 2.0-300 lbs. 200-225 lbs. 150-1801bs. 13 s9:s® 9.75 $9.85® 10.50 [email protected] 19 9 10® 9.50 9.60® 9.75 9.85® 9.90 20 9(o® 9.75 9 75® 0.90 9.90® 9.90 21 9!0®10 00 10.00® 10.15 10 15®10.85 22 10.([email protected] 10.15® 10 30 [email protected] 23 10 1 5(f)! 10.25 10.30® 10.35 10.35 @10.45 25 10 [email protected] [email protected] 10.50®10.55 The hoe: market of the local live • took exchange was a decidedly unsettled affair today. At the start, bidding was about a dime higher, with a top of $10.70, and most hogs of all weights bringing about $10.60, but a weaker tone was evident toward the close, and most of the advance Was lost. Some traders felt that this was an indication that the turning point in the price cycle had been reached. There were very few heavies, practically no sales being recorded, and ( roughs and pigs were about steady. |the range for roughs being ss.so(g> .9, and pigs bringing $10.25 down. Re'teipts were good at 8,500, and there 'was a fairly large holdover for I) Wednesday’s market. tattle Prices Steady I Cattle prices were steady on the ( good grades and weaker on the poor I stuff, with receipts of 800. Best j steers were quoted at sll® 11.60. and f the heifer top was $9.25. The market for calves was a shade | stronger, most sales for best veals il being reported at sl2 to $1.3, with an j extreme top of $1.3.50. Receipts were i about usual at 500. In the sheep and lamb alleys, prices ruled steady, with 1,100 received. The hulk of the business in hfmbs was done at $12(g'13.50, with the top at SI4. Best ewes were bringing $3.50 ®5.

—flogs—--150 to 200 lbs $10.50® 10.55 200 to 250 lb* 10.90® 10.50 250 to ovor .300 lb* 10.25® 10.05 Top . 10.66 Ptg* lo [email protected] ; Light packing sow* 8 75® 9 00 j Heavy mixed packing 6 50® 8.76; Stags 6.50® 7.00 ; —Cattle— Few choice steers $10.73 ® 11.26 i Prime corn-fed steers. 1 000 to 1,300 lbs 10.00 ® 10.76 I Good to choice steers 1.000 to 1.300 lbs 9.25 @ 9.75 Good to choice steers, 1.000 to 1.200 lbs 8.25® 9.25 . Goody to choice steers. 1.000 to 1.100 lbs 7.75® 8.26 Common to medium steers, 800 to 1.000 lbs 6.75® 6.75 * —Cows and Heifers— Few choice hellers $ 8.25® 9.00 Good to choi'-e heifers 7.25® 7.50 Medium heifers 6.60® 7 00 Common to medium heifers .. 6.60® 0.50 Good to choice cows 6.25® a.75 Common to good cow* 3.00® 5.50 Cutters. 2.75® 3.26! Canuers 2.00® 2.50 —Boll*— Fancy butcher bulls $5 00® 5.75 , Good to choice butcher bull*. 4.26® 4.75 ’ Bologna bulls 3.75® 4.50 ' Light bologna bulls 3.25® 3.75 —Calve*— Choice veals $12.00® 12.50 Good veals [email protected] Medium veals 10.00® 11.00 Idghtwejght veals 9.00® 10.00 1 Hoavywoight veals B.oo® 9.00 Common heavies 5.00® 0.50 Tot 13.00 —Stockers and Feeders— Good to choice steers under 800 lbs $5.75® 7.00 Medium cows 3.25® 3.50 Bucks 3.00 Yearlings 6.25 @ 8.00 Springers 12.50 @14.00 Common lambs 8. no® 10.00 Culls 3.75® 6.00 OTHER LIVE STOCK By I'nited Financial CHICAGO. Sept. 26.—Hogs—Receipts. 20,000: market. 10@25c lower; top. $10.65; bulk of sales. $7.00® 10.55; heavyweight, $9 Hi 10.30: medium weight. $9.80® 10.60; lightweight, $10.20® 10.65; light lights, $9 60® 10.30: heavy packing sows. s7.9o'® 8.60: packing sows, rough. $7.30®8: pig*. [email protected]. Cattle—Receipts. 13.000: market, slow, steady: choice and prime. $10.90 @21.10: medium and good. $7.00@ 10.90: common, s6fo’7.flo; good and choice. $9 10 @11.60; common and medium, [email protected]: butcher cattle and heifers, $4.80®9.25: cows, [email protected]; bulls, $3.75@0 40; oimrers. cutlers, cows and heifers. $2.90®.3.75; canner steers. [email protected]; veal calves. $10.25® 12.35; feeder toer. $5.65 08.25: Stocker steers $4®7.40: Stocker cows and heifers. $3.5005.50. Sheep—R:ceipts. 16.000; market, 13c up; l imbs, $1,3.25® 14.75: lambs, cull and common. s9® 13: yearling wethers. $0.25012.25; ewes. $3.50@7; cull to common ewes, [email protected]. NEW YORK, Sept. 25.—Steers—Supply moderate: itiarket on common, sll @l2; m vrket on others. $16018; selected choice. ? 9@20: demand fair. Cows—Supply moderate; market $10.50® 12; demand fair. Bulls —Supply moderate: market on mmD.oii, [email protected]; market on others. sß@9: local kill, $7.50®9.50; demand fair. Veal Supp.y moderate; heavy sides, skin off. Ml @l4: demand fain. Lambs—Supply normal; market, $1,3 @lB. Mutton—Slippy moderate; market, $1.3018; demand rood. Pork—Supply light; market, sl6® ! 17: demand good. j CINCINNATI. Sept. 25.—Cattle—Re- ! ceipts. 3,000; market, slow, weak: shippers, s7@o. Calves—Market, slow, lower, dull; extras. $12012 50. Hogs—Receipts, 6,200; market, active, 25c up; good to choice packers, $10.75. Sheep—Receipts. 550; market, steady; extras. $4 00. Lambs —Market, steady; fair to good, sl4® 14.50. CLEVELAND. Sept. 25.—Hogs—Receipts. 7,500; market, 10c up; yurkers, $10.90: mixed. $10.90; medium. $10.90; pigs, $10.75; roughs. $7.50; stags, $4.50. Cattle —Receipts, 2,000. market. 20®50c lower; good to choice bulls. ss@6: good to choice steers, $9010; good to choice heifers, $7 0 8; good to choice cows. $4.50 05.50: fair to good'cows. [email protected]; common cows, $3 0 3: milkers. $35 0 75. Sheep and lambs— Receipts, 4.000: market, strong: top. 1.500. , Calves —Receipts, 1,200. market, active; top, Isl 4 50. I EAST ST. LOUIS, Sept. 25.—Cattle —Re- ! ceipts, 13,000; market, steady, 25c lower: | native beef steers. $9.25® 10.25; yearlings and heifers. $6.50 0 8.50: calves, $11,500 12. Stockers and feeders, $4.6006. nogs—Receipts, 1.3,000; market, steady; heavy, $10.16010.60: medium. $10.25010.65: lights. $10.25010.65; light lights. $10.20® 10.50; packing sows. $7.75@8: pigs, $9.50 @10.40; bulk. $10.50010.60. Sheep—Receipts. 3.000; market, steady; ewes. s3®4: camiers and cutters, $1.5002.50; wool lambs. $13.50014. EAST BUFFALO, Sept. 25.—Cattle —Receipts, 3,150: market, choice active; shipping steers, $9.25010.25: butcher grades. $9.25010; heifers. $7.5009.25; cows, s2@ 0.50; bulls, [email protected]: milch cows and springers, s2s® 115. Calves—Receipts, I, market, active steady culls to choice. $5 015.50. Sheep and lambs—Receipts, 9,000; market, active, lambs. 15c un: yearling sheep 50c up: choice lambs. $1 s'@ 15.50; culls to fair, $8014.50; yearlings. s7® 11. sheep, $.308.50. Hog*—Receipts, 0,600; market active, 25c up: yorkers, $11.25; pigs, $11.25: mixed, $11.25; heavies. $lO 50 011: roughs, SBO 8.60; stags. SSO 5.50.

GRAINS GO HIGHER AS MARKEJ OPENS Liverpool Sharply Is Lower at Start, but Recovers and Advances. By United Financial CHICAGO, Sept. 26 All grains were higher at the opening of the Chicago Board of Trade today as the result of the advance at Liverpool after the opening. ’Although Liverpool opened sharply lower it recovered around 3 o’clock The political situation still held the attention of traders as having the most bearing on the market. The threatened strike of the great lake sailors at Chicago, Duluth, Buffalo, and other lake ports on Oct. 1, also had some influence on the market. More than 90 cars of wheat were received at Chicago. Winnipeg reported 2,118 cars. This was practically triple the number received at this time last year. Corn was fractionally higher follow ing wheat. Receipts here were 400 cars. Oats fell in line with other grains with 140 cars received. Provisions opened nominal. CHICAGO GRAIN TABLE —Sept. 25 By United Financial WHEAT— Open. High. Low. Cl?**’ Sept... 1.06% 1.06% 1.04% 1.0 ? Dec.... 1.05 1.05% 1.03% 1■ 0 4 May... 1.09 1.09% 1.07% 1.08 “slpt - .. .62% .62% .61 Vs .62% Dee... .68% .58% .68% May. . . .til .tsi Va .ftO H u OA ™T .39 % .40 .39 .39% Deo.'.'. dWS -36% .30% .36*. May 38% .38% .38 38% LA BepT’. .11 20 11.32 11.12 11.32 0ct....11.00 11.20 11.00 11.20 io..so :::: - 10-35 RY .68 r* .60% 68% Deo ... .71 *; 71 .ftß H S* Mayl.. *75 & .75 W CHICAGO CASH GRAIN By United Financial CHICAGO, Sept. 25.—Wheat—No. 2 red, $1.10%; No. 3 red. $1.07%. No. - hard. $1.060107. Corn —No. 1 yellow, t.3 *tt 63 %c: No. 2 yellow, tit, * '•(.63%e. No. A i veilow 02 % @6.3 %v. No 4 yellow, 61 % 0 !(r%e - No. 3 yellow. 60%@61%c: No, 6 ' veilow. 60® 81c; No. 1 mixed. (1> ‘ 1 No. 2 mixed. 620063%'. No. 3 mtxtu. I 62% a63c: NO. 4 mixed. O.e: No. 5 mixed, ■ 60% r- No. 6 mixed. 00%c; No 1 white. 'j : No 2 w hite. 62%@63%c; No 3 1 white 62 >4® 63c; No. 4 white. 61%@62e, No 5 white. 01% @Ol %e. No. 6 wLte 60 ! 'tLHO%c. Oats —No. 3 white. i No. 4 white, 38%c. INDIANAPOLIS CASH GRAIN —Sept. 25 ! Bids for car lot* of graini and hay at the 'call of the Indianapolis Board of Trade " wheat —Through billed, f o. b. 41 % c to 1 New York, track, easier: No. - red. *l.u< ! ®Com-F,a.ier; No 3 white. 56 % 57c: No. 4 white. 55% 066 c: No. 3 yel tow. 50% *, 57c- No 4 yellow Bo % ® 56c N'v 3 ] mixed.' 6®56%c No 4 mixed. ,>.>a.,o%c. ; Gate—EasitT; Nv>. 2 white, i No. 3 white. 35®360. —lnspection* Wheat—No. 2 red 4 car*: No. 3 pad. - cars No. 4 red. 1 car: No. 2 hard. 3 cars: No. 5 mixed. 1 car; Sample. 1 ear. Tota.. ! 12 earn. %k _ _ ... j Com—No. 2 white 2 rare* No. 3 white I 6 cars' No 4 white, 2 cars; No. 5 white. 8 cars: No. 6 white 1 car: No. 2 yclow. :3 cars, No 3 yellow. 5 cars No. _4 yellow. 14 cars: No 6 yellow, 17 cars; No. 6 yellow 13 cars; sample yellow. 1 car: No. . I mixed. 2 cars: No. 4 mixed. 2 cars. No 5 ! mixed, 1 car. No. 6 mixed. 1 car. Total. * Oats No. 2 white. 5 cars: No. .3 white. \ 5 cars; sample white, 1 car. Total. 11 , car'A. —j?o. 3, 1 oar: sample. 1 oar. Total. , 2 earn. Total number of oar* for day. 93 j Grain prto®* quoted f. o. b. baala, 41 He to New York. PRIM ARY MR KETS (Thomson Sc McKinnon) —Sept. 25 — Receipts Sioux City . 10.000 38.000 20,000 j St. Joe .... 98.000 62.000 2.000 ! Chicago ... 120.000 704 000 336,000 1 Milwaukee , 29,000 102,000 171,000 I Minneapolis .1.112.000 40.000 266.000 ; Duluth 602.000 58,000 55.000 St Louis . . 262.000 209.000 138.000 -Toledo 11,000 14 000 14.000 Detroit .... 8.000 8.000 20,000 : Kansas City. 711.000 41.000 38.000 ; Peoria .... 17.000 108.000 92.000 I Omaha .... 202,000 90,000 110,000 Indianapolis. 34.000 71.000 68,000 Totals ...3,206.000 1.6.35.000 1,818.000 Year ago .2.504.000 1.2-10.000 1.033,000 Shipments Sioux City 14.000 28,000 St Joe .... 24,000 8.000 2.000 Chicago ... 69.000 441.000 143.000 Milwaukee . 69,000 218.000 122,000 Minneapolis. 230.000 10,000 223.000 Duluth .... 267.000 St. Lout* .. 103.000 70.000 50.000 Toledo 3.000 12,000 2.000 Detroit 4.000 Kansas City. 232.000 20,000 10.000 Peoria 1.3,000 49.000 43.000 Omaha . .. 74.000 71.000 24.000 Indianapolis. 7,000 25,000 Totals ...1.120,000 942.000 647,000 Year ago. 1.300.C00 1,177,000 646.000 Clearances ; Boston 10.000 I Philadelphia. 230.000 90.000 I New Orleans 236.000 Galveston .. 96,000 ...... Totals .. . 572.000 90.000 Year ago. 516.000 17,000 LOCAL WAGON~WHEAT No. 2 wagon wheat. 98c. No. 3 white oat*. 30c.

$92,000 CITY OF PERU Fer Cent Tax Exempt School Bonds All maturltlen to yield 4.50% Dated Jnly 21, 1922. Dcnom. *SOO. *3,000 due July 1. 1023 *3,000 due Jan. 1, 1924 $3,000 due July 1, 1021 *3,000 due Jan. 1, 1925 *3,000 due July 1, 1925 *3,000 due Jan. 1, 1928 *74,000 due July 1. 1926 ASSESSED VALUE, *18,954,955.00. TOTAL DEBT INCLUDING THIS ISSUE, $2(18,000.00. Legality of Issue Approved by our Counsel, Smith. Remster, Hornbrook & Smith.. For Additional Information Call MAin 7051 J.F.WILD & CO A STATE BANK 123 E. Market fit., Indianapolis The o'de.st Bond House in r ndi n American Telephone & Telegraph Cos. 132nd Dividend The regular quarterly dividend of two dollars and twenty five cents per share wlli he paid on Monday, October 16, 1922, to stockholders of record at the close of business on Wednesday, September 20, 1922. H. BLAIR-SMITH. Treasurer.

II WH. BLOCK G

When Cold Weather Comes You’ll Be Glad You Participated in This Sale of PLUSH COATS

FOR WOMEN AND MISSES Beautiful silk plush coats like these will be rare values at $30.00 when it’s time to enwrap oneself in their cozy warmth. And you’ll feel yourself mighty lucky to have one in readiness. Copied from expensive fur coats and made of rich, deep pile plush with fur trimmings, they give the wearer a luxurious appearance.

Materials Lapinex Salt’s Peco Kerami . Amentex Seal Plush Kit Seal

If you are not ready for your plush coat now, use our LAYAWAY PLAN A reasonable deposit will hold your coat until you need it — small weekly payments will complete its purchase.

Women’s and Misses’ New Fall Dresses Dresses for Which You’d - Easilij Expect to Pay $30,00 Are Included in This Sale at /Mp g* $1 HHfr Mi So many attractive styles that there's not a doubt wlaj M.I 1 I but that you’ll find “just the dress” you’ve been lookW' L|// 1 1 ing for in this very moderately-priced group. \lij! - Some of the Modish Features k/ —Long Basques —Side Panels m \ fii —Colored Insets —Faced Pleats —Side Drapes —Looped Panels Jl \\ Materials: Colors: VA ] \ Canton Crepe Tricotine Mohawk Navy Yy Crepe de Chine Trico Cords Leather Mouse \\ Satin Back Crepe Bisque Deer Canton Elizabeth Black Cocoa

Men’s Furnishings MEN'S WORK 3HIUTS of ebambray, double stitched, one breast pocket, with collars attached and slipover styles; sizes 14% to 17 (limit 3 to a customer, no phone, mall or C. O. D. orders) ; cn. SI.OO quality, special 0/ C MEN’S PURE THREAD SILK HOSE— Fully reinforced; black, navy and brown; sixes 0% to 11%; hut for slight iiuperfnetlons they would sell fJQ,. at 75c; special (6 pairs. *2.25), pair J“C MEN'S I,ISLE HOSE—Fine gauge, reinforced toes, heels and soles; black; sizes 9% to 11%, sec- * r onds of 25c quality ; special (6 pairs, 75c), pair...!DC Women’s and Children’s Hose WOMEN’S MEiICERIZED LISLE HOSE—Fine gnngr, fully reinforced, black, polo, cordovan and white; sizes 8% to 10; slightly imperfect, other* wise would sell at 50o; special JQ (6 pairs, *1.50), pair CHILDREN’S RIR STOCKINGS —Reinforced toes and heels, very elastic; black, cordovan and white; sizes 5% to 10; seconds of 25c quality; fr special (6 pairs, 75c), pair *DC

DOMESTICS AND BEDDINGS

UNBLEACHED MUSLIN —39 Inches wide, exceptionally fine, clean cotton, easy to bleach; suitable color Inexpensive curtaining, bolsters. sheets, spreads, eto.l special, 1 A yard 1 COMFORT SIZE BATTS—--72x90 Inches, “quilted’’ snowwhite cotton 3-pound weights: opens in one sheet; enough for one large size comfort; QQspecial, roll ODC COMFORT CHALLIB Yard wide, new fall patterns, medium and dark colors; spe- 1 <r dally priced, yard I|C

m BASEMENT STOR&

Fur Trimmings Natural Opossum Moufflon Coney Nutria Fitch Opossum Beaverette * Manchurian Black Opossum

All-Wool Suits and Overcoats For Men and Young Men *14.95 OVERCOATS —New all-wool fabrics; plenty of contrasting backs and raglan effects. Sale price 914.95 SUITS —Worsteds, cassimeres, blue serges, tweeds, plain and sports models; regulars-and stouts $14.95 Extra trousers to match $4.00 $5.00 and $6.00 Men’s Trousers *2.98 An extra pair to match your coat and vest.

COTTON BATTS—Creamy white cotton, fine for light weight quilts (no phone orders), SOo quality, 10,, roll lOC OUTING FLANNEL Inches' wide, soft and fleecy, neat color stripes on light grounds, for women’s and children's wear; special 1472 C BLEACHED SHEETING —2% yards wide, unusually flne quality sheeting, which formerly sold at 75c: CQspecial DDC

BED COMFORTS “Stitched” throughout, soft cotton filling, allover floral patterns, both sides alike, medium and dark colors (no phone orders ac- (£> <xq cepted). special yL.LU UNBLEACHED SHEETING —2% yards wide, medium weight, easy to bleach (no phone orders); extra nn special, yard JOC BLEACHED MUSH N Yard wide. soft finish, v adapted to hand or machine sewing; |i special ,14C

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