Indianapolis Times, Volume 35, Number 129, Indianapolis, Marion County, 9 October 1922 — Page 11

OCT. 9, 1922

CERTIFICATE RATE IRES BIT AFFECT f STOCKS DEALINGS Treasury Offering Has Higher Interest Than Expected in Some Circles. MARKET IS BUOYANT Bullish Demonstration Holds Attention in Industrials at Opening. Twenty active industrial stocks Saturday averaged 100.50, off .31 per cent; twenty active rails averaged 91.90, off .03 per cent. By United Financial ' NEW YORK, Oct. 9.—The Wall Street Journal today says: Although the $500,000,000 treasury offering bearing a 4*4 per cent rate was higher than expected in some circles the best opinion here had been that a 4*4 per cent rate would be more in conformity with general' conditions in the , money market. Hence the announcement had no P fleet on the stock market which delayed buoyancy in opening dealings on the New York Exchange today. Standard Oil of New Jersey soared to anew high at 257, while Dupont also went to anew high at 162. International Consolidated dropped to 2 on announcement of the Interboro Reorganization plan providing for elimination of the International Consolidated Corporation. A bullish demonstration in a broad group of Industrials was the feature of the first hour. Tremendous activity in the listed Standard Oils was followed by an outburst in Texas Company which carried the rtock to anew 1922 high at 51%. Suidebaker attained anew high on the toiove at 135 and Baldwin at 138%. LOCAL BANK CLEARINGS Indianapolis Bank clearings Saturday were $3,147,000: for the week ending Saturday. Slfl 613.000. Bank debits Saturday were 05,657.000: for the week, ending Saturday. $35,975,000. FOREIGN EXCHANGE By United Financial NEW YORK. Oct. 7.—Foreign exchange closed steady. Sterling—Demand. $4.42% : cables. $4.42%. French—7.6oSc: cables. 7.60 c. Lire—Demand. 4.29 c: cables. 4.29 He. Belgian—Demand. 7.12 %c: cables. 7.13 c. Marks—Demand. .0414 c. Drachma—Demand. 3.18 c. Swiss—Demand. 18.71 c: cables, 18.73 c. Guilders—Demand. 38.34 e; cables. 38.87 c. Pesetas—Demand, 15.1 Sc; cables. 15.20 c. Swede—Denjand. 26.52 c. cables. 26,56 c. Norway—Demand. 17.70 c; cables. 17.74 c. Dane—Demand, 20.36 c; cables. 20.42 c. NEW YORK LIBERTY BONDS k —Oct. 7 ■ Prer. " Hirb. Low. Close. close. L B 3Hs. . . 100.68 100.58 100.68 100.02 L B Ist 4 S- 100.30 100.24 100.24 100.30 L B 2d 4*4 s. 100.10 99.90 100.10 100.00 L B 3d 4Hs. 100.10 99.98 100.10 100.00 L B 4th 4*4 s. 100.28 100.14 100.28 100.28 Victory 4*4 s. 100.42 100.40 100.40 100.40 (all Viet 100.14 100.12 100.14 100.1.3 N. Y. BANK STATEMENT By United Financial NEW YORK. Oct. 7.—Weekly bank statement: Surplus decreased 551.588,650; loans, discounts, etc., decreased 5707.000: Cash in own vaults members Federal Be ■rjive Bank increased $2,867,000: reserve in Federal Reserve Banks of member banks decreased $89,770,000: reserve in owu vaults Stats banks and trust companies iicnased *3B7.(XT'. reserve in deposit State banks and trust companies increased $26.000: net demand deposits decreased 558.972.000 limited States deposits deducted, $35,849.0001; time deposits decreased $1 - 685.000 circulation decreased $22.000: ax cremate reserve. 5496.015.000; deficit in rescree, $23,051,900. MOTOR SECURITIES (By Thomson & McKinnon) —Oct. 7 —Closing— Bid. Ask. Earl Motors I*4 2 Col. Motors . 33% Packard, com 16 1614 Packard, pfd 91 92 ‘Peerless 58 59 Continental Motors, com .... 10% 11 Continental Motors, pfd ....103 105 Hupp, com 23 22 hi Hupp, pfd 105 110 Reo Motor Car 1.3% 13 T * Elgin Motors 1 -1% Giant Motors % % Ycrd of Canada 420 430 Jiatlonal Motors 2 3 Federal Truck 19 21 Paige Motors 24 25 Republic Truck 2% 3 | ACTIVE OIL STOCKS (By Thomson 4 McKinnon) —Oct. 9 —Closing—- . Bid. Ask. Anglo-American Oil 21 % 22 'Atlantic Refining, Lobes 7(4 8 n Bome-Seryfser 440 460 "Buckeye Pipe Line 97 99 Chesebrough Mfg. Cons 230 350 Continental Oil. Colorado ....147 148 Cosden Oil and Gas 5 11 Crescent Pipe Line 35 37 Cumberland Pipe Line 145 155 Elk Basin Pete 11% 11% Eureka Pipe Line 95 98 'Galena-Signal Oil, pfd ......108 112 Galena-Signal Oil. com 52 54 Illinois Pipe Line 172 174 Indiana Pipe Line 97 99 -Merritt Oil 8(4 9 Midwest Oil .............. 2 2(4 Midwest Rfr 225 National Transit 26 27 New York Transit 170 175 Northern P;pe Line 112 114 Ohio Oil 335 338 Penn-Mex 28 31 "Prairie Oil and Gas 675 685 Prairie Pipe Line 274 278 Sapulpa Refg 3(i 3(4 Solar Refining 370 380 Southern Pipe Line 97 100 South Penn Oil 208 215 Southwest Penn Pipe Lines . . 60 64 Standard Oi! Cos. of Ind 132% 132(4 Standard Oil Cos. of Kan.... 615 620 Standard Oil Cos. of Ky 113 114 Standard Oil Cos. of Neb.... 210 215 Standard Oil Cos. of N. Y 635 638 Standard Oil Cos. of 0hi0....550 570 Swan A Finch 32 36 Vacuum Oil 015 6*-.0 Washington Oil 20 25 CHICAGO STOCKS ißy Thomson A McKinnon I —Oct. 7 Open. High. Low. Close. At * Cos. pfd.loo 100% 100 100(4 • m Edison. .139% 139% 139- 139 Cent Motors. 10 S 11 10% 10% Earl Motors.. 1% 1% 1(4 1(4 Libby-MeNei! 9% 9S 9% 9(4 Na Leath new 9*. 9% 9% 9% |Roo Motor ..14 14 13% 13% ritew-Warn . 51% 51(4 51% 51% Swift * Cos. 109 109 108% 108% U Car A C.. 64% 64% 63% 64% Yellow Taxi.. 75% 75% 75 75 BOSTON WOOL MARKET tty United Financial BOSTON. Oct. 7.—The demand for wools in ths local market continues strong and ■buying comes from some of the largest wool consumers in the country. Average prices curing the past week show an advance of approximately 1 cent a pound and confidence in those price# is sustained by advances in goods prices. Considerable speculation is be--omtng noticeable principally In medium grade wools. The spread between ..•ross-bred and fine wools is marked and one dealer states quarter bloods should not be quoted at 90 cents to bring them in line with fine wools, which are being quoted

New York Stocks (By Thomson 4 McKinnon) —Oct. 7

Railroads— Prev. High. Low. Close. close. Atchison ...106% 106% 106% 107% At. Coast L... 120 119% 139 120(4 B. & 0 55% oS% 60% 55% Can. Pacifle. 147 145% 146% 140 C. & 0 74(4 73 % 74 (s 74% C-. R. I. 4 P. 44 43% 44 44% 0. & G. W. p 14(4 14(4 14(4 14(4 Del. & Hud.. 136 136 136 136% 4i£l. A Lack.. 138% 137% 138 138 Erie ... 16% 16 16% 16% Gt. No. pfd. 03% 02 % 82 % 93% 111. Central 115% 115 15 115 K. C. South.. 24% 24 24 23% Lehigh Val., 68 67(4 68 L. & N 138 138 138 138 M. K. AT.. 18 18 18 18% Mo. Pae. pfd 58 58 58 58% N. Y, Central 98 06% 07% 06*4 NYN H 4 H 30% 30% 30% 30% North. Pac.... 80% 86% 86% 86% Nor. 4 West, lie % 119 119% 120% Pennsylvania. 48% 48% 48% 48% Reading .... 78% 78% 78% 78% 80. Ry 37% 35% 27% 35% So. Pacific .. 04 % 03 % 03 % 04 % St. Paul 32% 32% 32% 82% St, Paul pfd. 50% 50 50(4 50 S L 4 S W p 53 53 53 o3 % S L 4 8 F R.. 29 % 29 29 % 29 % Texas 4 Pac.. 30 30 80 30 Union Pac. . .150% 160% 150% 150% Wabash 12 .12 18 18 Wabash pfd.. 32% 38 88 32% Pgh. 4W. V. 38% 38% 38% 38% Rubbers— Ajax Rub 16 15% 16 16 Goodrich Rub 35% 35 35 34% Kelly-Sp .... 63% 48 43 41% K T and R.. R% 7% 8% 8 U S Rub 54% 53 54% 52% Equipments^ Am C 4 F. ..188 188 188 189 Am Loco ...127% 126% 126% 127% Ba’dwin L0..137% 137% 137% 137% Lima L0c0... 60% 60% 60% 61 Am Stl F... 44% 44% 44% 44% Pullman ....130 128 128 130% Ry Stl Sp.. .122 122 122 122% West Eleo ..62% 02% 62% 62% Steels— Beth B 75% 74T4 75 75% Crucible 85% 85% 85% 80% Gulf States .92% 90% 01% 89% I.aokawan .. 81% 81% 81% 81% Midvale 33% 33% 33% 33% Otis 12 12 12 12% Rcplogle .. . 35 % 34 % 34 % 35 % Kcp 1 4 Stl.. 58 57 % 57 % 58 % Penna 9 8.. 6 6 0 ... U S 5tee1...106% 105% 105% 105% U S Stl pfd.122% 122 122% 122% Vanadium ..40% 45 TC 46% 40% Motors— Chandler Mot 63% 02% 02% 63 Gen Motors.. 15 14% 15 14% Hupp Motors. 22% 22 22% 22% Hud Motors.. 21% 21% 21% 21% Rep Motors.. 2% 2% 2% ... M. 4 W. Mot. 18 % Max Mot B 18% Mack Mot... 59 68% 89 60% Moon Motors. 17 16% 16% 10% Martin Perry SO 30 30 31 % Pierce Arrow 14% 14% 14% 14% Studebaker .133 131% 132% 132% Stew. Warn.. 51% 51% 51% 61% Willyg Over.. 7 7 7 7% White Mot.. 50% 50% 50% Minings— Butte C. 4 Z. 7% 7% 7% 7% Butte Super. 34 34 34 34 Dome Mines. 37% 37% 37% 38 Ir.t. Nickel.. 16% 16% 16% 16% Tex. G. 4 S.. 60% 59% 60 60% Coppers— Am. Smelt... 62 62 02 62 Anaconda ... 52% 52 62 ' 62% Chile Cop... 26% 26 20% 26 Inspir 39% 38% 38% 40 Kennecott .. So % 35 35 35 %

BONDS ARE HIGHER Interboro Rapid Transit Dominates Market. By United Financial NEW YORK, Oct. 9.—Responding to the p.an for a thorough-going reorganization of the affairs of the Interboro Rapid Transit Company, announced this morning, the issues of that company dominated early interest in the bond market. Interboro Rapid Transit funding 5s opened at 74% to 74%, up 1% —1%. I R. T. funding 5 per cent certificates at 74%, up 2. The 6s when Issued at 80%, up %. The 7s, when Issued. !>%, and the Interboro Metropolitan 4-A per cent, certificates stamped 16%, up %. Liberty bonds were higher. In the industrials, Sinclair issues were prominent for their strength. NEW YORK STOCK OPENING Allis-Chalmers 57 Am. Can 65% Am. Car and Foundry 187% Am. Ship and Com * 22 American lnternauonal Corporation.. 37 % Am. Locoifiotive 120% Am. Steel Foundry 44% Am. Smell and Kef 62% Am. Sugar R<;f 18% Am. Tel. and Tel 123% Am. Woolen .. 99 % Anaconda • • 52% Atchison 107% Atlan'ie Coast Line 120% Baldwin Loco 137% B. 4 0 50 Bethlehem Steel <B) 74% Canadian Pac. Ry 146 % Cf utral Leather 41 C. 4 • • 74 % Columbia Gas 10®% Coca Cola - 78% Cosden Oil 48% Continental Can 49 % Cuban American Sugar 23 Dome Mines 37% Elec S Baity 53% General Asphalt f 04 oral Northern pfd 92% Gulf State* Steel 93 Houston Oil 88 V* Inspiration Copper 38% Intfmational Nickel 17 Invincible Oil 17 Keliy-Springfieid Tire 43% Lackawanna Steel 81 Lima I-0.-o 60% Lehigh Valley 68% Marine pfd 62 May Stores 140 Maryland Oil 39% Mexican Petroleum 18._ Mexican S B 15% Midvale Steel Miseouri-Pac. pfd oP% National Biscuit “00 'North. Am N. Y. Central 9 < % New Haven 60% Norfolk 4 Western 119% Northern Pacific 86% Prod, and Refiners 48 % Pacific Oil 59 Pan-American Petroleum 80 Penna Ry 48 % People's Gas “0 Pere Marquette 37% Pure Oil 31% Reading '9 Replogle Steel 34 Royal Dutch of N. Y 58% Sinclair ■*••• v,',‘ Skelly Oil 11% Southern Pacifle 93;* Southern Ry -6% Southern Ry pfd ”8 % Standard Oil of California 133 Standard Oil of New Jersey 230 St. L 4 S W com *33 % Studebaker 133 H Texas Gas and Sulphur 60 Texas Cos 50% Tobacco Product* 86 % Transcontinental Oil 1%% Union Oil 19% Union Pacific 150% United Fruit 155% U S Industrial Alcohol 66 < U S Rubber 51% U S Steel 106 Vanadium Steel 46 % Westinghouse Electric 02 % (Vjllys-Overland 7% Wilson 4 Cos 45% NEW YORK PRODUCE Bu United Financial NEW YORK Oct. 7.—Flour—Dull and unchanged. Pork—Dull: mess. $26 @27. Lard—Firm: Middle West spot. $12,204* 12.30. Sugar—Steady: raw. 6 28c refined steadv; granulated, 6.25@ 6 75. Coffee— Rio No. 7 spot. 10@10*4e. Tallow —Firm; special. B%e: city. 5%e. Hay—Steady: No. 1. $12.50: No. 3. $11: clover $9.50012. Dressed poultry—lrregular: turkeys. 30® 53e: chickens Cl@3Se: fowl*. 16® 33c: duck*. 28e. Live poultry—Unsettled: geese. 20®22c: ducks. 23@27c: fowls. 19 0 29c; turkeys. 35 0 50c: roosters 13c: chickens. 20@23c. Cheese—Quiet: State milk, common to specials. 19% 0 25c; skins, common to special*. 10 @l7 %c. Butter—Firmer: creamery extras. 44% ®4se: . specials. 45%®40e;l State dairy tub*. 71 if 44c. Eggs—Dull! receipts. 70®75c: nearby white fancy. 52 0 55c: nearby mixeil fancy. 37 ® 50e: fresh firsts. 40046 c. LINSEED OIL By United Financial NEW YORK. Oct. 7.—A better demand for linseed oil was report*,l and the market was firmer yesterday Domestic spot 86 0 87e: November. December. 82<SS3c- lanI I pril, "6077 c: foreign spat. 85c,

Prev . High. Low. Close. Close. Miami 29 29 29 Ctah Cop... 68% 66% 66% 68 Ray Cons... 15% 15% 15% 15% U. 8. Smelt,. 43 43 43 43 Oils— Cal. Petrol... 65 64% 64% 65 Cosden ..... 49% 48% 48% 49% Houston Oil. 89% 87% 88% 89 Invtnc 17% 16% 17 16% Mex Petr01..194% 180% 183% 180% Middle s. 011 13% 13% 18% 13% Mex. 8. 8... 16% 15 15% 15% Pen-Am. Pet. 78% 76% 78% 70% Pacific Oil. .. 69 % 68 % 68 % 69 % Pierce 0i1... 7 % 7 7 % 7 Pro 4 Ref.. 49% 48 Mi 48% 49 Pure Oil 32% 82% 32% 33% Royal Dutch 58% 57% 58% 67% S. OH of Cal . 132 129% 181% 130 Maryland Oil 39% 39% 39% 39% 8. O .of N. J. 228% 223% 228% 221 Sinclair .... 37 % 37 87 86 % Texas Cos 50 49% 49% 50% Texas C. 4 O. 27 20% 28% 27% T. 0i1... 16% 14% 15 5 Union Oil 19% 19% 19% 19% White Oil 7% 7% 7% 7% Industrials— Allied Cheat.. 84% 84% 84% 85% Allis-Chalm... 57 57 67 57% Am. Can ... 05 % 05 65 % 65 % Am. Linseed 39% 38% 38% 38% Am. Woolen. 100 99% 99% 99% Con. Leather. 41% 41% 41% 41% Coca-Cola .. 79 78% 781* 77% Comp. 4 T.. 72% 72% 72% 73 Cont. Can... 89% 88% 89% 89% Endlcott-J 85 84% 84 % 85 Famous P.... 98% 07% 97% 98% Gen. Asphalt. 85% 64 64 65 Inter. Paper.. 68% 58 58% 58% Goldwyn .... BV* 7 % 7 % .... Loews 21% 21% 21% 21% May Stores 140 140 140 139 % Mont. 4 W... 23 21% 21% 21% Nat. Enamol. 05% 05% 65% 05% Nat. Lead... 108% 108% 108% 109% Owen 80t.... 40% 40% 40% 40% Pitts. Coal.. 80% 00% 60% 60% Seaxa-Roe 90 90 90 91 % U. 8. R. St.. 83% 81 81% 81% U. 9. C. I. P. 84 34 84 34% U. 8. tn. Ale. 65% 05% 65% 05 Va. Chem... 28 28 28 Woolworth ..199% 199 199 199% Utilities— Am. T. 4T. 123% 123 123% 124 Brk. R. Trn. 24% 24% 24% 24% Consol. Gas. 138 137 137% 138% Col. Gas 109% 108% 109% 108% People s Qas 96% 08% West. Union.ll7% 118% 117% 116% Shipping— Am. Int. Cor. 37% 30% 37% 38 Am. 3. 4 C.. 22% 21% 22% 23% Atl. Gulf 33% 30% 30% 31% In. M. M 15% 14(4 15 15% In. M. M. pf. 02% 60% 02% 63% United Frt. . .155% 155 155% 155% r oods— y Am. Sugar... 80 80 80 80% Austin Nich. 36 35% 35% 35% Cal. Pkg 85 84% 85 Corn Prod. . .124% 123% 124 125% Cub. Cane Sg. 13% 13% 13% 13% Cub. Am. Sg. 23% 22 22 23% Wilson A Cos. 46 45% 40 . 46 Tobaccos — Am. Sumatra 39% 39% 39% 39% Am. Tob. C 0.102 161% 162 162% Con. Cigars. . 39 % 39 % 39 % Tob. Prod. . 86% 85% 85% 85% Miscellaneous Stocks— Tenn. Cooper 9% 9% 9% 0% Dav. Chem.. 48% 48 48 48% Elee. 8. Bat.. 55 % 55 56 % 56 Pere Marquet 37% 37% 37% 37% North Am... 96% 90% 96% 97 Phila. C 0.... 43 % 43 % 43 % 43 % Skelly 0i1... 11% 11% 11% 11% S Oil of 1nd.135 130 131%

Total sales. 541.100 shares.

CURB SHOWS STRENGTH Oils Retain Their Bulging Tactics on Market. By United Financial NTTIY YORK, Oct. 9.—Early transactions in the curb inaxket revealed 'sustained strength in the curb market, the oils retaining their bulging tactics. Standard Oil of New York was up 2 at 642; Indiana improved its posi tion to 134%; Vacuum was up 20 at 635, and Magnolia also 10 at 260. Imperial Oil of Canada rose 3 to 127. Two million shares no par class A common of Mammoth Oil Company were admitted to trading when issued. The first sale was 8.000 shares at 43, followed by a reaction to 42%. Stutz Motors was 19%. NEW YORK CURB MARKET (By Thomson 4 McKinnon) —Oct. 7 —Closing— Bid. Aai* Acme Packing * 43 48 Curtis Aero, com 2 % 3 % Curtis Aero, pfd 24 27 Roston 4 Montana 8 10 Boston & Montana Corp. ... 82 85 Goldfield Con 6 8 Jumbo Extension 7 0 International Petroleum .... 23% 32% Kirby Oil 5 5% Nipissing 6 6% Standard Motors 3% 4 Salt Creek 18% 18% Tonopah Extension 3 % 3 % Tonopah Mining 2% 2% United I' 8 newt) % 7 % U 8 Light and Heat 1 % 1 % U S Light and Heat pfd.... 1% IT, Wrgiht-Martin 2 8 Yukon Gold Mine Cos 98 100 Jerome 3.3 % New Cornelia J 7% 18% United Verdo 29% 30% Sequoyah 2 8 Omar Oil 1 % 2 Rep. Tire 20 40

INDIANAPOLIS STOCKS —Oct. 0— Stocks Tnd Ry & Light com 58 ... Ind Ry & Light pfd .. 84% 89 Indpls k N W pfd 40 lndpls & 8 E pfd 60 Indpls St Ry 58 60 r H r t L pfd 83 T H I & E com i ... THI & E pid 7 % ... U T of Ind com . 2 U T of Ind Ist pfd 10 15 U T of Ind 2d pfd 1% 0% Advance-Rumely pfd ... ... Advance-Rumely com ... ... Am Creosoting pfd 98 ... Belt R R com 58% Belt R R pfd 50% ... Century Bldg Cos pfd 90 ... Citizens Gas Cos 21 % ... City Service com 198 202 City Service pid 08% 71% American Central Life Ins.. 200 ... Dodge Mfg Cos ... Tnd Ilutel com 88 ... Ind Hotel Cos pfd 09 Ind Nat’l Life Ins Cos 2% ... Ind Title Guarantee 50 ... Ind Pipe Line 96 ... Indpls Abattoir pfd 45 47% Indpls Gas 50' 52 Indpls Tel pfd 90 ... Indpls Tel com 1 ... Mer Pub Util pfd 52 Rauh Fertilizer Cos 49 ... Nat l Motor Cos 1% 3% Pub Savings Ins Cos 6% ... Standard OH of Indiana . . . . 123 Sterling Fire Insurance Cos. . 7 7 % Van Camp Itdw pfd 00 ... Van Camp Prod Ist pfd.... 97 101 Van Camp Prod Cd pfd 101 Vandalia Coal Cos com 1 0 Vandalla Coal Cos pfd.... 10 15 Wabash Ry com 11% ... Wabash Ry pfd 31 Hottds Broad Ripple 5s 64 % ... Citizens St R R 5s 85 80 Ind Coke and Gas 0s 86 ... Indpls C & 9 5 90 rndpis & Martinsville 5b.... 69 61 % Indpls & Northern 5s 68 (4 57 Indpls St Ry 4s 67 % 69 Indpls A N W 6s 57 60 Indpls & S E 5s 40 ... Indpls Shelby A S E 55.... 59 ... T H t & E 5%s 71 Citizens Gas 5s 88% 90% Indpls Gas 5s 90% 91% Kokomo. M A W 5s 90 95 Indiana Hotel Cos 6s 100 .. . Indpis Water 4%s 83% ... Indpls Water 5s 90% 97 Indpls T A T 5s 80 88% Indpls L A H 5s 94 95 U T of Ind 6s 03% _ . New Te. L D 5s 98 New Tel Ist 5s . . 98 South Ind Power 0s 87 92 CLEVELAND PRODUCE By United Financial CLEVELAND. Oet. 7.—Butter—Extra in tubs. 47 H @ 48c; prints. 48%@49c; firsts. 45% @4oe: packing stock. 24®26c. Eggs —Fresh gathered northern extras, 42c; extra firsts, 41c: Ohios. 38@39e; western firsts, new cases. 36c. Poultry—Live heavy fowls. 24® 25c: roosters. 14® 15c: spring ducks. 19® 21c. Potatoes —$2 @2.25 a barrel RAW SUGAR MARKET By United Financial NEW YORK. Oct. 7.—Raw sugar opened and dosed steady: December. $3.36c: March.

THE INDIANAPOLIS TIMES

IN THE COTTON MARKET By United Financial NEW ORK. Oct. 9.—lnterpreting the foreign news as less favorable, cotton hesitated at the opening Saturday but quickly firmed up again, selling 14 to 17 points higher under new long buying and trade support which readily absorbed heavy realizing for over the week end. Open. High. Low. Close. January 21.39 21.66 21.39 21.48 March 21.50 21.75 21.54 21.60 May 21.55 21.73 21.51 21.55 July 21.39 21.55 21.35 21 43 October 21.30 21.40 21.26 21.30 December .... 21.53 21.83 21.55 21.02 The market closed steady. By United Financial NEW ORLEANS. Oct. 9.—Prices on the cotton exchange opened steady Saturday in spite of tho threatening war news. Professional bullish sentiment bolstered prices. The market closed steady. October, 21.03 c: December, 21.02 c: January, 21.06 c: March, 21.10 c: May, 21.10 c.

HOG MARKET HERE IS Fin 111 TONE / Best of Heavies Are Up 5 Cents, and Other Classes Also Advance. Hog Prices Day by Day 250-300 lbs. 200-225 lbs. 150-180 lbs. Oct 2.10.15 010.20 10.15 @10.20 10.25 @10.20 3.10 10010.15 10.10010.15 10 00010.10 4. 9.050 9.75 9.650 9.75 9.50® 9.65 5. 9.05@ 9.75 9.050 9.75 9.50® 905 0. 9.65@ 975 9.60® 005 9 40® 950 7. 9.75® 0.85 0 65@ 0.75 9.50® 9.60 9. o.Bo® 9.90 9.65® 9.75 9.50® 9.00 Hog prfc'os displayed a firm tone at the local stockyards today, prices on best heavies being up a nickel to a top of $9.90. Receipts wero 8,500. Pigs and sows bettered Saturday's mark about a quarter, with pigs at $3 down and roughs from [email protected]. There were a good many shipping orders for the day and local packers bought readily. There was only one lot of choice steers in the cattle market, the rest of the stuff being poor. However, a better market was noticed and prices wero a shade stronger. There was a good supply, 1,000. ' Tho market for calves was weaker, with very few veals bringing sl2, and the bulk of sales In choice stuff being [email protected]. Receipts, 500. Lamb prices also were lower, with a top of sl2. Sheep ruled steady, best ewes bringing $5. Receipts, 200. —Hogs—--150 to 200 ibs .’■s 9.50® 9 60 Medium 9 63® 9 73 Heavy 9 80® 9 90 Top 9.90 Pigs 8.75® 9.00 Packing sows 7.75® 8.25 —Cattle— Few choice steers $11.6(1® 12.00 Prime corn-fed steers. 1,000 to 1.300 lbs 10.50® 11.50 Good to choice steers, 1,000 to 1.300 ibs 9.25® 0.75 Good to choice steers, 1,000 to 1.200 lbs. . 8 25® 9.25 Good to eboleo steers, 1,000 to 1.100 lbs 7.75® 8.25 Common to medium steers, 800 to 1.000 ibs 5.75® 8.75 / —Cows and Heifer*— Few choice heifers $ 8.25® 9.25 Good to choice heifers 7 25® 7.50 (Medium heifers 0 50® 7.00 | Common to medium heifers. . . 6 50H 0.50 (Good to choice cows 0.25® 6.75 Comon to good cows 3 00® 5.50 Cutters 2.75® 323 Cauners 2.000 2.50 —Bulls— Fancy butcher bulls $ 5.00® 5.75 (Good to choice butcher bulls. 4 35® 4.75 j Bologna bulls 3.75® 450 (Light bologna bulls 3.25® 3.75 —Calves— Choice reals sll 00 @ll 50 Good veals 10.00011.00 Medium veals 9 00010 00 Lightweight veals 8 000 900 Heavyweight veais TOO®. 8 tio Common heavies 5.00® 0.00 Top 12 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 i Common lambs 800 @IO.OO j Culls 8.75® 0.00 —Sheep snd Lambs— Cu'ls $ 2.25® 3.50 | Good to choice ewes 3.50® 5.00 j Few choice lambs . . 12.00 i Good to choice lambs 10.000 11.50 j Heavy lambs 9 00010.00 : Cull lamb,- 7 00 | Rucks 3.00 OTHER LIVE STOCK i By United financial i CHICAGO. Oct 7.—Hogs—Receipts, ! 6.000; market, steady: top. $9.00: bulk of sales. $7.9()@9 85; heavyweight. $8.70® 9.8.,; medium weight, $9.050090: lightl weight. $9.75®9.80: light lights, $9,10 0 ■ 0.1.0: heavy packing sows, $7.5008.25. packing sows, rough. $707.60: pigs, $8.75 @9.25. Cattle—Receipts, 2.U00; market, steady, $11.10: choice and prime. sll,lo® 12.70: medium and good. $7.35011 1.0; common. $6 @7.35: good and choice. $8.65 @12.25; common nml medium, $5.75 @8 85: butcher cattle and hellers, $4.6509.45; cows, $3.8508.10; bulls, $3.500 0.25: van* ner*. cutters, cows and heifers. $2.750365: canner steers, $3.50®4.50: veil calves. S3O 11: feeder steers. 3.3 0508.10: stoeker steers. $4 0 7.35: etoeker cows and heifers, i $3.5005.2.,. Sheep—Receipts. 1.000; market. steady; lambs, $13.50® 14 35: iambs, cull and common. $8.50012.25: yearling wethers. $8.75012.25: ewe*. $3.500 6.75; cull to common ewes, $2 0 3.75. CINCINNATI, Get. 7.—Cattle—Receipts. -100: market. steady; shippers. $7 09. Calves—Market, weak and lower: extras $lO 011. Hogs—Receipts, 2.000; market, slow, weak: good to choice packers, $9 65. Sheep—Receipts. 50: market, steady; extras. $5.600 6.50. Lambs—Market, steady: lair to good. sl3® 13.50. NEW YORK, Oet. 7.—Steers—Supply, liberal; market on common. sß@9; market oil others. $90,12; selected choice. $19020: demand, slow. Cows —Supply, normal; market. good. sllO 12: demand, slow. Hulls— Supply, light; market on common. $0.60® 7; market on others. sß@9: local kill. s7® 9: demand, alow. Kosher beef chucks and i plates—Supply, liberal; market, $10014: demand, slow. Kosher hinds and ribs— Supply, normal; market. $18@27: demand, fair to good. Veal—Supply, liberal: market on choice, $17@19; demand, draggy Lambs—Supply, normal: market on choice, $2lO 23: demand, very slow. Mutton— Supply, liberal; market on choice, $13@14; demand, slow. Pork—Supply, light; market, $28@29: demand, slow. KANCITY, Oct. 7.—Hogs—Receipts. 2,500; market, steady: bulk. [email protected]; heavies, $9 @9.40; butchers, $9.10 @9.45: lights. $909.40; pigs, [email protected]. Cattle —Receipts, 2,000: market, steady; prime led steers, $10.25010.35: plain to fair dressed beef steers. $5.26% 10.35; western steers. $5.5009; Southern steers. s4@B; cows, $2.2506.76; heifer*. [email protected]; Stockers and feeder*. [email protected]; bulls. [email protected]; calves. $5.25® 10. Sheep— Receipts. 1,000; market, steady: lambs. $12.25 013.65; yearlings, [email protected]; wethers. $6.75 @7.50: ewes. [email protected]: stoekers and feeders. slo@l3. CLEVELAND, Oct. 7.—Hogs—Receipts, 2.500; market, steady: yorkers. $9.75: Medium. $9.75; pigs, $9; roughs, $7.50: stags. $4.50. Cattle—Receipts. 500; market, slow: good to choice bulls, ss@6: good to choice steers, [email protected]: good to choice heifers. s7@B: good to choice cows, $4.50 05.50: fair to good cows, $3 @4.50: common cows, $1.50®3: milkers. $35@75. Sheep and lambs —Receipts. 1,500: market, steady: top. sl4. Calves—Receipts. 300: market. 50e@$l lower; top, $12.50. EAST ST. LOUIS, Oct. 7.—Cattle—Receipts, 1,600: market, steady to strong; native beef steers, $9.50@11; yearlings and heifers. $5 0 8.50; cows. $3 500 4 75: cancers and cutters. $2.250 3; calves. slo@ 10.75: Stockers and feeders, $4.50 @6.50. Hogs—Receipts. 5,000; market, fairly active: heavy, $9.5009.80; medium. $9.50® 9.90; lights. [email protected]; light lights, s9® 9.40: packing sows, $7.5068.50: pigs. sß® 9; bulk. $9.35® 9.75. Sheep—Receipts, 1,500: market, 25c lower; ewes. [email protected]; oanners and cutters, [email protected]; wool iambs, $10.50® 13. NAVAL STORES By United Financial SAVANNAH, Ga., Oct. 9.—Spirits—Market firm Saturday, regular, 132% : sales reported 122. Rosin—-Market, grim: 3VW, $6.60: WG. $6: N. $5.50: M. K I. H. G. F. E. D. B. $5.52%. Sales, 1,117. Spirits-—Receipts. 445; shipments, 176; stock*. 10,814. offering 122. Rosin—Receipts. 1,128: shipments. 714;

GRAIN PRICES ARE HIGHER AT START \ Chicago Market Makes Advance at Opening in Sympathy With Liverpool. By United Financial CHICAGO, Oct. 9.—Grain prices, opened higher on the Chicago Board of Trade today in sympathy with higher quotations from Liverpool and the continuance of light receipts. Unfavorable weather through the greater portion of the spring wheat country has delayed the movement from the country and car shortages on the 'railroads have caused congestion in the country -elevators. Corn lacked independent features, but prices followed the trend of wheat. Oats showed some stubborn spirit and was hesitant to follow the advance of the market leader. Receipts were estimated at 215 cars. Provisions opened slightly higher in sympathy with a strong hog market opening at the Chicago yards.

CHICAGO GRAIN TABLE Oct. 7 By United Financial WHEAT— Open. High. Low. Close. Dec... 1.06% 1.07% 1.06% 1.07% May...' 1.08% 1.09% 1.08% 1.00% July... 1.01% 1.02% 1.01% 1.02% CORN— Dec ' .61% .02% .00% .62% May... .03% .03% 02% .63% July... .03% .64% 63% .04% OATS— Dec 38% .39 .38% .38% May... .39% .39% .39% .39% July... .38% .38% .38% .38% LARD— Oct 11 50 11.50 11.47 11.50 Jan 9.30 9.42 9.30 9.42 RIBS—•Oct 10.75 RYE— Dec 70% .71% .70% .71% May... .72 .72% .71% .72% •Nominal. CHICAGO CASH CRAIN By United Financial CHICAGO. Oct. 7—Wheat—No. 2 hard. $1.10(4 01.10%. Com—No. 1 yellow. 07%c; No. 2 yellow, 07(*®67%c: No. 3 yellow, 66%@67 1 4c: No. 4 yellow. 65%@ 66%0; No. 6 yellow. 05c. Corn—No. 2 mixed. 67@07’4 c; No. 5 mixed. 05 %@ 65 %c: No. 8 mixed, 84 %c. Cosm —No. 1 white. 67 (4c; No 2 white. 07%c. Oats— No. 3 white. 39%@40%c. Barley—6o@67c Timothy. [email protected]. Cloverseed. $14.50® 18.50. INDIANAPOLIS CASH CRAIN -—Oct. T Bid® for car lots of sriin and hay at the call of tho Indianapolis BoalSJ of Trada were: Wheat—Through billed, strong. No. 2 red. 81.07^1.09. Com—Strong; No. .T white. 01 @ 62c; No. 4 white, oU<t£No. ‘I yellow. HI S 62c: No. 4 yellow, HUH ®Ol He. No. *T mixed. HlAftOTc; No. 4% mixed. Ho®6t‘He. Oat*—Strong; No. VZ white. 38 Vi No. 3 white. .T7’a @3Bc. May—Track. Indianapolis easy; No. 1 timothy, No. 2 timothy No. 1 light clover mixed. 511 @l4 6o; No. 1 clover hay |L3U. —lnspections Wheat—No. 2 rad. 1 car. No. i red. 2 ears; No. 2 mixed. 2 cars; sample hard. 1 car. Total. 0 cars. Corn—No. 2 white. 3 cars; No. 3 white. 10 cars; No. 4 white. 9 earn; No. 5 white. 8 cars; sample white. 1 car: No. 2 yeliow. 1 car; No. 3 yellow. 2 cars; No 4 yellow'. 7 cars. No. 6 yellow. 11 cars; No. H yol low. 9 urt; sample yellow, 1 car; No. 2 mixed. 1 car; No. 3 mixed. 3 care; No. 4 mixed. 2 car*. Total, 68 care. Oats—No. 2 white, 11 cars. No. 3 wrhite. 8 cars; No. 4 white 2 cars; sample white. 1 car. Total 22 cars. Rye—No. 3.3 cars; No 4, 1 car. Total. 4 oari. Total number of ears for day. 100. Grain prices Quoted f o. b. bards. 41*4e to New York. PRIMARY MARKETS (Thomson A McKinnon) —Oct. 7 Receipts Wheat. Corn. Oats Sioux City . .. 4000 27.000 34.000 8t Joseph. . 68,000 24.000 2.000 Chi. ago ... 109,000 671,000 310.000 Milwaukee .. 27.000 37.000 60.000 Minneapolis. . 628.000 28,000 127.000 Duluth 404.000 20.000 4,000 St. Louis.... 137,000 44,000 40.000 Toledo 21.000 4 000 8.000 Detroit 2.000 4.000 4.000 Kmsas City. 223.000 26,000 54.000 I'ooria 6.000 101,000 58,000 O-naha 60.000 P 5.000 22,000 Indianapolis.. 9.000 105.000 10.000 Totals ...1,764.000 1,086,000 735.000 Year ago. .1,674.000 1.441,000 773,000 Shipments Wheat. Corn. Oats Sioux City 4.000 10,000 St Joseph... 12,000 21.000 2.000 Chicago .... 190 000 341.000 124.000 Milwaukee .. 17.000 24.000 81.000 Minneapolis. . 209.000 7.000 177.000 Duluth 324000 St. Louis ... 86.000 45,000 74,000 Toledo 4.000 21.000 Detroit ' 2.000 Kansas City.. 186,000 61,000 14.000 Peoria 11,000 68,000 29.000 Omaha 65.000 78,000 50.000 Indianapolis.. 7,000 29.000 16,000 Totals . . .1,11)7,000 710.000 600.000 Year ago. .1,153.000 686,000 311,000 Clearances Wheat. Corn. Oats. New York. .. 249.000 80,000 Philadelphia 34,000 Baltimore ... 393,000 New Orleans. 69,000 Totals ... (142,000 103,000 80,000 Year ago. .1,217,000 34,000 LOCAL WAGON WHEAT No. 2 wagon wheat. 98c. No. 3 white oat*. 30c COTTONSEED OIL By United Financial NEW YORK, Oet. 9.—Cottonseed oil Saturday was strong to 25 to 32 point# net higher on aggreslvo covering of shorts and scattered eomnusslon house buying. Profit taking active from all quarters Prices maintained practically all of the early gains. Lard a shade firmer. Crude relatively strong with sales southeast, last night at 7.10 c and this morning, at 7.25 c. Refiners expect southeast to hold for 7 He. Closing call, October, [email protected]: November, [email protected]; December, 8500 8 sle: Janun:.v, 8.5008.51 c; February. 8.50 @8.55c: March, 87508.76 c; April. 8.75® 8.90 c: Ma.v, 8 93® A 94c. Market strong. Sales 29,100

Office Efficiency • t Modern office furniture M and equipment will in- # crease the efficiency of any M office. I give my personal B attention to the wants and M n c e and sos my customers. Phone me. 116 S. Pennsylvania Street MA in 0189

American Telephone & Telegraph Cos. 132nd Dividend The regular quarterly dividend of two dollars and twenty-five cents per share will be paid on Monday, October, 16, 1922, to stockholders of record at the close of business on Wednesday, September 20, 1922.

METAL TRADE By United Financial CLEVELAND, Oct. 0. —Daily Metal Trade Saturday. While some middle western blast furnaces are willing to sell for delivery In first quarter of next year at price around $35 for foundry, others expect another advance when car congestion becomes acute. Cleveland industrial consumers of by-product coal have been offered Connellsville fuel and also eastern Ohio steam coal for lake use at 25 to 50 cents below States new fair price Sheet prices show firmer tendency, while nut and bolt makers book heavy new business to producers at 14 cents. No. 2 foundry pig iron, Cleveland delivery. 535; basic pig iron, valley, s3l @ 32,50; sheet bars. Pittsburgh and Youngstown, S4O; steel bars, Pittsburgh. 2®2.15c: sheet No. 28, black, Pittsburgh. 3.50® 375 c; plain wire, Pittsburgh, [email protected]. j INDIANAPOLIS PRODUCE 'Fresh egg# candled. 36c: packing stock blitter, 21c; fowl, 4 lbs up. 21c: fowl, under 4 ibs, 16c; Leghorn fowl and springs.

HIE W?H. BLOCK C? Hart Schaffner 4. Marx Guaranteed Clothes for Men, Young Men and Boys (8 to 18) Special Purchase and Sale of Hundreds of Pairs cf Women’s NEW Fall Oxfords We secured these shoes at an astounding price concession and are passing along to our patrons the full advantage of this saving. Made to Sell I at $7, $8 and $9 MiSSeS MILITARY HEELS—WALKING HEELS Made of brown calf, black calf, tan calf, patent leather and black kid. ~mm SKUFFER SHOES" For Boys and Girls . Made of brown leather, with flu solid leather extension soles and I STOREIf^j All-Wool Suits fIA and Overcoats Sale $1 yi .95 For Men and Price 4 I Young Men OYE.RC OATS— SUlTS—Worsteds, New all-wool fabrics, cassimeres, blue \l| plenty of contrasting serges, tweeds, plain ||l backs and raglan and sport models; regeffects. Sale ulars and price $14.95 stouts $14.95 igbV €1 Extra Trousers to Match, $4.00 |g[ \ff $25, S3O and $35 “First Long Trousers” 11 *4-o ®“ le lit $5 and $6 ° Men’s Trousers For Young Men, Sizes 31 to 35 An Extra Pair to Odd lots sent down from our third floor. All- Match Your Coat wool fabrics, newest and smartest models; $25.00, and rtrj aq $30.00 and $35.00 qualities $14.95 Vest IhZ.yO L Beddings —Domestics Hosiery Is BED PILLOWS. 21x27 inches, r\ • 1 filled with feathers, made with I IflWnrl*lPP*fl ‘•Ventilator” coverings of exeep- COTTON BATTS, natural i ” 11 |' 1 iVGU tionally good quality ticking, cream color cotton, regular t„ tv ,„ u„ rich dark colors; no qnilt size; 29c , i o “1 lne iSasemeilt BtOFe $1.50 quality, each “OC quality, roll lOC Tuesday BA ? Y BLANKETS double " WOMEN’S MERCERIZED fleeced, white with neat pink or blue stripe border; Picnrat rrq , lnforced toes, heels and soles, pa,r ®*JC CLRCALLS, yard wide, for high spliced heels, fashioned BLEACHED SEAMLESS chlldren' h ‘ tigured l® B®’ 8 ®’ an^cs ; black, SHEETS, double bed size, good checked and drived • navv brown and white; slightly Imheavy thread sheeting, finished jray end Hgbt groEndi, Tr For ™ ok" 7^ at....98c yarJ 15c . (3 . 20c “UTICA" BLEACHED SHEET- WOMEN’S FINE GAUZE TNG, 2% yards wide; cq wide HO S E-F ull y reinforced. special, yard D“C ?? d A 'atriSe. VH i ni.f* s ened backs; btack, cordoTan Plaids. Checks, stripes and plain and white aiiirhtlv imnerGvt’•MOHAWK" UNBLEACHED colors; for children's rompers, 25c oualttv BUgnny • SHEETING. 2% yards CC dreßses, etc.; 25c S. ' l/.Vor wide; special, yard DDC quality, yard 1/C P ___________________ - ■ ■ ■ CHILDREN’S STOCKINGS—- ** i cjn* j-s.-vy ao i nAriv Pin© rib, tops snd COTTON BLANKETS, reg- r ££BT COLOR APRON heels; a splendid school stockuUr bed nlze. soft and fleecy, hin* > J nd l l^o ing; black, white and eordotan, gray or white body, VRn: imperfections that washable color stripe bor- * 1 will not impair the 101/ ders; $2.00 quality, rjj ders , special, yard.. 1 £ /2C wear; 25e quality, pair IZ/2C per pair JJ - - - MEN’S FINE CASHMERE “ I ~~ ,JA KT i WIDE OUTING FLAN- HOSE—Rib tops. In heather COMFORT CRETONNE, me- NFL. fancy stripes on light mixtures ami black with gray dium and dark colors, in floral, grounds good weight for chil- toe* and heels: sizes 10. 10% bird and Persian patterns; extra Iren’s fall wear (no phone or- and 11; seconds of 50c quality special. 1 *)1/ „ ders); extra special. 1 r i special (3 pairs. 1 .-x yard 14/2C yard IDC I 50e), pair lifC

25 per cent discount: springs. 2 ibs under, 25c: springs, over 2 lbs, 17c: cocks and stags, 11c: young tom turks, 12 lbs up, 30c; young hen turks. 8 lbs up, 30c: old tom turks. 25c: ducks, 4 lbs up, 15c: geese, 10 lbs up. 12c: squabs, 11 lba to doz. $4.50: young guineas. 1% to 2 lb size. $7. CHICAGO PRODUCE By United Financial CHICAGO, Oct. 7.—Butter—Creamery extra, 43c: firsts, 35 @37; seconds, 25® 26c. Eggs—Ordinary, 31® 35c. Cheese—Young Americas. 22®23c. Poultry—--23c: ducks. 24c; geese, 19c: springs - TuT turkeys. 21c: roosters,. 13%c. Two Automobiles Stolen Two automobiles, one owned by Erich Viergus, 643 Union St., the other by Ray Winnings of Crawfordsville, were stolen last night.

MILLER WILL SPEAK State Fire Marshal to Address Indianapolis Rotary Ciub. Newman T. Miller, State fire marshal of Indiana, will speak before the Indianapolis Rotary Club at its weekly luncheon at the Claypool Hotel tomorrow on “Fire Losses and Fire Prevention.” This is a part of the national campaign of the Rotary Clubs to assist in the campaign for reduction of the amount of loss by fire. The retirement of old officers and the installation of new officers and directors will be a part of the program.

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