Indianapolis Times, Volume 35, Number 136, Indianapolis, Marion County, 17 October 1922 — Page 10

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STOCKS DISPLAY STRENGTH WITH OPENINGMAIKET Rail Issues Are Encouraged by Approach to High Levels Made Monday. GAINS ARE RECORDED EARLY New York Central Comes Into Favor Coppers Are Speculative. Twenty active industrial stocks Monday averaged 102.70, oft .67%; twenty active rails averaged 95.70, up .44%. Bj United Financial NEW YORK. Oct. 17.—The Wall Street Journal today says: Pronounced strength in the Doheny stocks was the outstanding feature of the early dealings on the New York Stock Exchange today. Pan-American advanced 3% to 94% and Mexican Pete 8% to 214, reflecting the statement by Dow Jones that Pan-Ameri-can is likely to increase its cash dividend rate and declare a stock dividend tc llowed by an offer of exchange for Mexican Petroleum. Stimulated by this display of strength the general market opened higher. The carrier issues were encouraged by the ability of rail averages to attain a level within about a quarter point of its high for the present bull market at Monday's close. Fractional gains were scored in the first fifteen minutes by Norfolk & Western, Southern Pacific and Baltimore & Ohio. Price movements were erratic in the first hour. Continued strength in the Doheny stocks and in National JSiscuu, Postum Cereal and Manhittan Shirt in conflict with profit taking in the general industrial list, especially the motors. Persistent accumulation of the coppers was based on the theory that the present phase of the bull market will not be finished without a demonstration in this group, particularly In View of the growing strength of its trade position. Cerro de Pasco attained anew high on the move at 40% and fractional gains were scored by other active copepr stocks. Rails were also well bought, with New York Central favored because of the reports that the way is being prepared for financing through anew j 7 per cent issue. Further forward movements in the | rails and coppers was the principal! development of the second hour. New York Central made anew high since : 1917 at 100* and substantial gains were recorded in other representative carriers Specialties continued acsorb most of the speculative Interest in the industrial group. Enameling common made anew 1922 high at 67%. LOCAL BANK CLEARINGS Indianapolis bank clearing# Monday were $3,744,000. bank debit* were $8,522,000. FOREIGN EXCHANGE By United Financial NEW YORK, Oct. 10.—Foreign exchange opened easier. Sterling, demand. 84 48: cablea, 84.48%. French, demand, 7.51 c: cables, 7.52 %c. Lire, demand. 4 19c. cables, 4.19 He. Belgian, demand. 6OS He: cables. 6.99a Marks, demand. .03 7-16 e up: cablea. .00 l-18c. Drachma, demand. 303 c: cablea, 365 c. 6wisa. demand. 18.47 c; cables, 18.49 c Guilders, demand. 86 88c: cables. 38 91c. Pesetas, demand. 10.27 c: cables. 15.29 c. Swede demand. 20 72c: cables, 26 70c. Norway. demand. 18.21 c: cables, 18.25 c. Dane, demand. 19.91 c; cables, 1y.65c. NEW YORK MONEY MARKET Bu United Financial NEW YORK. Oct. 10.—Time money, firm ! at 4 V to 6 per cent. Commercial paper, : 4% to 4% per cent.

NEW YORK LIBERTY BONDS —Oct. IC Prev High. Low. Close. Close. L. B. 3He... .100 84 100.70 100 84 100.60 L. B. 2d 45.. 09.52 99.60 09 52 L. B. Ist 4%5. 99 90 99.30 09 34 09.90 L. B. 2d 4%5. 99 80 99.30 98.30 99.98 L. B. 3d (UI. 99 84 99 30 09.30 99.70 L. B 4th 4 *6. 99 70 99 14 99.14 99.80 Victory 4**B .100.30 100 20 100.20 100 28 Cali Victory*.. 100 10 100.02 100.02 100.12 MOTOR SECURITIES (By Thomson * McKinnon) —Oct. 16— —Closing— Bid. Ask. Karl Motor* 1H 1 Col. Motors .............. 2% 3 Packard com 17 % IS Packard pid 93% 94 Peoness 68 60 Continental Motors com 11 94 1184 Continental Motors pfd 102 104 Hupp com 22 H 23 Hupp pfd 107 110 Heo Motor Car 13% 13 * K gin Motors 1H Ford of Canada ......... 892 400 National Motors 1H 2 % Federal Truck 19 21 Pairs Motors 26 25 % Republic Truck 2 2% ACTIVE OIL STOCKS (By Thomson A McKinnon) —Oct. 16— —Closing— Anglo-Am-rican Oil 23 22 % Atlantic Refining. Lobo* .... 814 814 Eome-Scrymer 440 460 Buckeye Pipe Line 87 99 Chesebrougn Mfg. Cons ..... .230 200 Continental Oil. Colorado ....147 148 Cosden Oil and Gas 6 11 Crescent Pipe Line 35 37 Cumberland Pipe Line 168 168 Elk Basin Pete 13 13 Vi Eureka Pipe Line 95 98 Galena-Signal Oil. pfd 52 64 Gaiena-Sigr.al Oil, com 110 112 Illinois Pipe Line 175 178 Indiana Pipe Line 97% 98% Merritt Oil 814 614 Midwest Oil 2 3% Midwest Rtg 226 ..... j Natto>al Transit 26 27 New ork Transit 170 175 Nort. rn Pipe Lins .........110 114 Ohio Oil 348 353 Penn.-Mex 28 31 Prairie Oil and Gas 686 700 Prairie Pipe Line ..........292 295 Sapalpa Refg 314 3% Solar Refining 880 410 Southern Pipe Line ......... 97 100 South Penn Oil 205 215 Southwest Penn Pipe Lines .. 60 04 i Standard Oil Cos. of Ind 127*4 128 Standard Oil Cos. of Kan.... 800 020 Standard Oil Cos. of Ky 11314 11314 t Standard Oil Cos. of Neb.... 180 200 Standard Oil Cos of N. T..... 611 813 Standard Oil Cos. of Ohio.-. . .585 585 Swa.- A Finch 32 30 Vacuum Oil 091 693 Washington OH .. 2.5 28 j CHICAGO STOCKS (By Thomson A McKinnon.) —Oct. 16— Prer High. Low. Close. Close. Arm A Cos p 9914 100*4 99 % 100% Com Edison. 137 137 % 180*4 137*4 Con Motor*. 11% 11% 1114 1114 DU Match..ll7 118 117 118 Karl Motor*. 1% 1H 114 114 Nat Leather. 9 9 81. 9 Pick A C 0... 26 *4 27 2014 27 Pig Wig "A" 43 *4 43% 43 43*4 Quaker Oats. 99*4 9914 99*4 9914 Stew Warner 52 T 4 53 62 % 52 *4 Swift A Cos.. 108. 109*4 108 S I*9 Swift Inti. .. 22 % 22 % 2214 22 % Thomp (J.RI 50*4 50*4 60 30 Tj Corn A *1 14 *4 14 U™ on CA C. 64*4 8514 0414 66 Wrigley 10914 110 10914 10914 Yellow Taxi 7614 77 78 70

New York Stocks (By Thomson A McKinnon) —Oct. 16 —

Railroads— Prey. High Low Close. close Atchison 107 % 107 107% 107 At. Coast L. 124% 123% 123% 122 B- A 0 60% 68 60 60% Can. Pacific .149% 148% 148% 148 c A 0 75% 74% 75 74% C. & N. W. R. 93 92% 92% 92% C., R. I. & P. 45% 40% 44% 44% Del. & Hud. 138% 138 138% Del. 4 Lacka 141% 140% 141 141% Erie \.. 10% 18 10 10 Erie Ist pfd. 25% 25 25 .... Gt. No. pfd. 94% 94 04% 94% 111. Central. .114% 114% 114% 114% Kan. C. 50... 24 23% 23% 23% Lehigh Val... 70% 69% 70% 09 L. & N 144 142 143% 141 M„ K. A T.. 18 17% 17% Mo. Pac. pfd 00 59% 59% 69% N. Y. Central 100% 99 99% 99 NTSH4H33* 31% 32% 31 Northern Pac. 87% 87% 87% j Nor. & West..l23 122% 122% 122% Pennsylvania. 49 48% 48% 45% I Reading 82% 81% 81% 81 So. Ry 27 20% 26% 27 i So. Pacific. .. 96% 95% 95% 95% • St. Paul 33 % 32 % 32 % 32 % St. Paul pfd. 62 61 51 50% St. L A S. W. 34% 33% 34% 34 ■ S L A S W p 53% 63% 63% 53% S L A S F Ry 28 % 28 % 28 % 28 % Texas A Pac. 30% 30% 30% 30% Union Pac...152% 151 151 161% Wabash 12% 12 12 12 Wabash pfd. 32% 32% 32% 32% West. Pac.... 17% 17% 17% 17% Pgh AW. V. 39% 39% 39% 39% Rubbers— Ajax Rub... 16% 15% 15% 10 Fisk Rub.... 13% 13 13 13% Goodrich Rb. 35 35 35 35 Kelly-Spg. ... 45% 44% 44% 44% K. T. A R. C. 8% 8% 8% 8% U. 9. Rub... 68% 50% 67% 57% ! Equipments— Am. C. A F. 194% 192% 192% 194% Am. L0c0... 130% 133% 134 136% Bald. L0c0..140% 137% 138 140 Gen. Elec... 180% 182% 182% 180% Lima Loco.. 01% 00% 00% 01% Am. Sti. Fdy 43% 44% 44% 44% Pressed 8. C. 92 91% 91% 91% Pullman 131 130% 130% 130% Ry. Stl Sp. . 123% 123% 123% 123 ■ West. Elec... 63% 62% 62% 63% Steels— Beth. "8"... 78% 77 77 77% Colo. Fuel... 33 % 33 33 % Crucible 90 % 88 % 88 % 88 Gulf States.. 94% 92 92 92% Lacka 84% 84% 84% 84 Midrale .... 35 33 % 33 % 34 % Rep!ogle ... 34% 33% 33% 34% Rep. I AS.. 61% 68% CO 00% Sloss-Shf. ... 60% 49% 49% 60% U. S. Steel. .111% 109% 110% 109% V. 9. S pfd. 122% 122% 122% 122 Vanadium .. 47 46 % 45 % 46 % Motors— Am. B. Mag. 41% 41 41 Chand Mot.. 04% 04 64% 64% Gen. M0t.... 15% 15 15 15% Hupp Mot... 22% 22% 22% 22% Hud Mot... 21% 21% 21% 21%: Max. Mot. A 50 50 50 57% Max. Mot. B 17% 17 17% 17% Mack Mot.. 59 67% 57% 68 Moon Mot... 10% 10% 10% 10% M artln Perry 29 % 29 % 29 % 30 Pierce- Ar.... 14 14 14 .... Studebaker .139 135% 135% 138% Stromberg.... 60% 55% 55% 50% Stewart-W 62% 62 62% Wdlye-Over... 0% 0% 0% .... White Motor* 60 50 60 50 Minings— Butte C A Z. 7% 7% 7% 7% Butte Sup... 33% 33 33 33 Come Mines. 39% 39 39% 38% Int. Nickel... 10% 10% 10% 10% Texas G. A 8. 05 03 % 03 % 64 Coppers— Am Smelt.. 03 81*4 63 61 Anaconda .. 62% 61% 61% 51% Chile Copper 20 23% 25% 25% Inspiration... 38% 38% 38% 38% DEMAND FOR NEW BONDS East Government Issue Proves Fopnlar on First Sales. NEW YORK, Oct. 17.—The new 4*4 per cent bonds issued by the United States Government were put | Into trading on the New York stock exchange today. Two large lota totaling more than 800 pieces of SI,OOO each were sold at par in the first half hour. Later they went to 100.06. Meanwhile the old 4*4 per cent Issues continued the gradual drop ; which became noticeable yesterday ; and shortly after the opening were i selling around a full point under par. The rest of the bond market man- ’ aged to hold steady, but with prime ! securities of the character of Liberty bonds selling under par as a result of heavy offerings, It is only a ques- ! tlon of time until other bond values follows suit of liberties rise again. The former now seems most likely to happen. Demands of expanding Industry on surplus money have been heavier and tnreatens to become still heavier. Withdrawals by Interior banks have : caused balances in New York to fall and this has caused a wider use of the rediscount privilege. The largest holders of prime investment bonds were banks and corporations with surplus money to Invest. Today banks need money to supply demands of their customers and the sale of bonds cn which they have a handsome profit, incidentally, Is natural. The purely speculative bonds will, I of course, be governed more by the | ci urse of the stock market.

NEW YORK STOCK OPENING Am. Radiator .... 120 Am. Bosch Magneto 41 *4 Am. Can 7214 Am. Ship and Com 23*4 Am. Locomotive 133 V. Am. Smelt, and Ref.... 02 *. Am. Tel. and Te 1.,., 124*4 Am. Tobacco 102% Atlantic Coast Line 123 Austin Nicholas 3014 B. A O. stt *i Bethlehem Stoei (A) 77 £ Brook Rap. Trans 18% California Pete <54% Canadian Pac. Ry.., 149 Chandler Motor 63*i C. A O 75 £ Chi., Mil. A Bt. Paui com 32 *4 Chicago A Northwestern 9214 Chi., Rock Island A Pac 45 Chi.. Rock Isl. A Pac. 0 per cent pfd 92 Cluett and Peabody 03 Coca Cola fii-M Cosden Oil 49% Consolidated Oas 188% Continental Can 93 Coni Products 125% Del. A Lack ....... 140% Dome Mines 89*5 Eris io Erie Ist pfd 25 Electric 8. Battery 6414 Famous Players 99% Freport Texas 20 General Asphalt 64% General Electric 183% General Motors 15*4 Gt. Northern Or* 39% Houston Oil 70*4 i Illinois Central ~...114% Invlneibla OH 10% Kresge 179% Lima Loco 60 *4 Lehigh Valley ..... 71% L * 1* 144% Magna 33% Mexican Petroleum 210 Mexican S. B 17*4 Middle States OH 13 *4 Midvale Steel 34 Mlssourt-Pac. Ry. pfd 59% National Biscuit .........219% N. Y. Airbrake 38 % N. Y. Central —.. 99 vn New Haven 32*4 Norfolk A Western 122 *4 Northern Pacific 87% Pacific Oil 60% Pan-American Petroleum 92 % ! Pan-American Petroleum (B) 89% Penna Ry 48% Phils Cos 42% j •Reading 914 : Rep. Iron and Bteel 69 *? Hoys' Dutch of N. Y 68% Sinclair 35 % Skelly Oil 10 Vi Southern Pacific 95*4 BOSTON WOOL MARKET Bv United Financial BOBTON, Oct. 18.—MHls continue to withdraw wools *n bond and prices continue to hold up wall. There ate some difficulties confronting the wool trade as regards the operation of the new tariff schedule, but these cond'tlon* are only transitory and have no effect on prices. The steadiness of the London wool market j is noticeable, acd Australian auctions, de- j spite low grade offerings, show an advancing ] tendency. New high prices were obtained In Texat 1 and It Is reported that woolen mills in New England are working from 76 per cent to 90 per-cent capacity There Is considerable speculation in East India wools, which are comparatively lower in price than territorials and other types of medium and low grade wools.

Prev High Low Close. Close Kennecott 34% 34% 34% 34% Miami 28% 28 28% 28% Utah Copper. 67 00% 07 00% Ray Cons 14% 14% 14% 14% IC. S. Smelt.. 42% 42% 42% .... : oils— California P. 64% 03% 04% 62% C osden 50 % 48 % 49 % 48 % i Houston Oil.. 86 % 85% 80% 80 V, Invincible O. 17 10% to% 10% Mex Petrol. 200% 198 105% 201% M. States OH 13% 13% 13% 13% ' Mex. S 8... ; Pan-A. Pet. . 91% 87% 90% 90% Pan-A. P. (B) 90% 85% 88% 89 ! Pac Oil 57 % 65 % 50 % 65 % | Pro. A Ref.. 48% 47% 47% 48 Pure Oil .... 31 30% 31 31 ! Royal D 59% 68% 69 69 S Oil of C. .126% 125 125% 125% Std Oil N J. 218 211 213% 210 Slnelaln 35% 85% 35% 36 Vi Texas Cos ... 51 % 50% 51 51% Tex C A O. 26% 25 20% 26% Trans-Con Oil 15 14% 14% 14% Union D11... 18% 18% 18% 18% White 0i1... 0% 6% 0% 6% Industrials— Allied Chem. 86% 85 85 80% Ad Rumley. 18% 18% 18% Allis Chal... 52 % 51 % 62 Vi 54 Amer Can... 74 71 % 72 % 73 % Am HAL. 14 Vi 14% 14% ... Amer 1ce...115% 114 114 115 Am Linseed. 42% 41 41 41% Am Woolen. 103% 102% 102% 102% Cen Leather. 42% 41% 41% 41% Coca Cola .. 81% 80 81 % 80% Comp A Tab 73% 72% 73 73% Cont Can 97 94 94% 93% End-John ... 80 % 86 86 85 % Fain Players. 09% 99Vi 99% 90% Gen Asphalt. 65% 63% 64 Vi 63% Inter Paper. 63% 63% 03% 02% Inter Har...109 109 109 110% Loews 21% 21% 21% 20% Mont Ward. 21% 21% 21% 21% Nat Enamel. 67% 06 67% 65% Nat Lead... 114 113 113 113% Owen Bottle. 40% 4040 40 Vi Sears Roe. . 89 % 89 % 89 % 80 % U S Ret Sirs 82 % 81 % 82 % 80 % USCXr P. 4 3 34 34 33% U. 9. I. Alco. 72 71 71 Vi 71% Worth. P 39% 38 38% 37% Woolworth . . 194 194 194 .... Utilities— A Tel. AT. 124% 124 124% 123% B. Rapid T... 19 17% 18% 10% Consol. Gas 139% 138 % 138% 138 V, Columbia G. 110 109% 109% 108‘a People's Gas. 97% 90 97% West. Union 117% 117 117 117 Shipping— Am. Int. Corp 37% 35V', 30% 37% A Ship A C. 22% 21% 21% 22% Atlantic G... 31% 31 31 31% In. M. M. pfd 82% 62 02 02% United Fruit 140 140 140 .... foods — Am. Sugar.. 81% 80% 80% 81% Austin Nieh . 37% 30% 30% 35 U Am. Cot. Oil. 27% 27% 27% 27% Corn Prod... 127 125% 125% 125 Cuba C. S 15% 14% 14% 14% Cuban-A Bug. 23% 22% 23% 23 Wilson A Cos. 45 44% 44% 45 Tobaccos— Am. Tob. Cos. 38% 38% 38% Am. Tob. Cos. 102% 102 102 % .... Cons. Cigars. 41 40% 40% .... Tob. Prod.. . 85 % 85 % 85 % 85 .Miscellaneous Stocks— A. Radiator 121 119% 120 118 Tenn. C0p.... 9 % 9 % 9 % .... Davison C.... 46% 44% 44% 44% Elec. S. B 55 54% 54% 64% North Am.. 09% 97 % 98 99 Phila. Cos 42% 42% 42% 42 Pac. G. A E.. 85 84% 84 % 85 Callahan .... 0 9 9 9% 9. Oil Ind 130% 127% 129 ... CHECK RISING STOCK Standard Oils Are Brought Back to Revel on Curb. By United Financial NEW YORK, Oct. 17.—A rising tendency In the Standard Oils was checked soon filter it got under way on the New York curb market today and prices during the first hour of trading quickly got down to yesterday’s closing levels, which were Irregular and In some cases reactionary. Other sections of the market, however, were not greatly affected by the conduct of the oil stocks and even the Independent oils held better than the Standards. Standard of Indiana went to 128%, but It fell back almost a point. Vacuum oil jumped 6, to 670, early In the trading. Macy at 64%, held the gains It made yesterday, and National Biscuit bettered Its closing price of yesterday by a small fraction. Standard Oil of New York swung upward above 600 and the new stock went around 82. but the other Standards continued to ease off gradually. Now York Telephone preferred reached 111%.

INDIANAPOLIS STOCKS Blocks —Oct. 17— Bid. Ask : Ind Railway A Light Cos com 68 ... j Ind Railway A Light Cos pfd. . 84 % ... ; Indpls A Southwestern pfd 00 ! Indpls A Southwestern pfd.. .. ..0 ! Indpls St Railway 58 00 1 Terre H Traction A L Cos pfd 84 T H Indpls A Eastern com.. 1 ... T H Indpls A Eastern pfd... 7% ... I Union Traction of Ind com 2 Union Traction of Ind Is*, pfd 10 15 Union Traction of Ind 2d pfd 1 % 0 % 1 American Central Life 200 ... American Creosoting Cos pfd. 98 ... 1 Belt R R com 60 64 i Belt R R pfd 51 50 ; Century Bldg Cos pfd 00 ... Cities Service Cos com 200 205 City Service Cos pfl 68% 70% Citizens Gas Cos 22 24 Indiana Hotel com 88 ... Indiana Hotel pfd 90 ... Ind Nat Life Ins Cos 2% ... Indiana Title Guaranty 50 ... Indiana Pipe Line Cos 00 ... Indpls Abattoir pfd 49 Indpls Gas 60% 63 Mer Pub Utilities Cos pfd.... 82 ... Nat Motor Car Company ... Pub Savings Ins Cos 0% ... Rauh Fertilizer pfd 49 ... Standard Oil of Ind 127 129 Sterling Fire Ins Cos 7 ... Van Camp Hardw pfd 00 ... Van Camp Prod Ist pfd.... 97 ... Van Camp Prod 2nd pfd 100 Vandalia Coal Cos. com 1 0 Vandalla Coal Cos. pfd 10 16 Wabash Railway Cos pfd 31% 30*4 Wabash Railway Cos c0m.... 11*4 14

Bonds Broad Ripple 5s 04% ... j Citizens St Railroad 6s 84% 80 ! Indpls Coke and Gas 0s 80 ... Ind Col A So 6s 00 ... Indpls A Martinsville 6s 00 ... Indpls Northern 5s 63 % 68 % Indpls A Northwestern 65... 57% 61 Indpls A S E 5 40 ... Indpls Shelby A S E 6s 58 Ind Street Rv 4s 07% 09 ! Indpls Trac A Term 6s Bfl% gq Kokomo Marion A W 55.... 90% 94 T H Indpls A E 6s 71% 75 1 Union Trac of Ind 6s 64 68 Citizens Gas 5s SB% 91 Ind Hotel Cos 2nd 6s 99 % Indpls Gas 5s 80% 02% Indpls Light, A Heat 5* 94% 00 Indpls Water 5s 00% 97% Indpls Water 4%s 84 87 New Tel ]st 0 98 ... New Tel L D 6s 08 ... South Ind Power 8s 87 02 COTTONSEED OIL By United Financial NEW YORK. Oct. 16.—Cottonseed oil trade was fair. Price* advanced 3 to 9 points, but later lost most of the gains October sold at 9.05 c, up 11 points to anew high. Commission houses scattered buyers with selling largely by the ring crowd. Some refiners' pressure la evidence in November. No particular feature to trade, except the lack of any important speculative demand. No deliveries on October contracts and very little crude offered. Lard unchanged to 10 points higher with English cotton oil 0d higher at 38s. Cash interests legs active. Cash oil. however, strong ard south continued to send bullish advices. Noon call: October, 9.55®9.70e; November. 8 70f? 8.73 c: December. 8.85fi8.80c: January, 8 00(88,68c: February, 8.87® 8.70 c: March, 8.78®8 80c; April, 8.83® 8.89 c: May. 8 94<3 B.9Sc. Market easy, sales 18.500.

CLEVELAND PRODUCE 3v United Financial CLEVELAND. Oct. 10—Butter—Extra in tubs. 48® 49c; prints. 49% ® 60c: firsts 40%@47c; packing stock, 24®20e. Eggs —Fresh gathered, northern extras. 42c: extra firsts 41c: Ohios, 38@3fic: western firsts. new eases 38c Poultry—Live heavy fowls, 25®26c: roosters, 14@15e; spring ducks. 20® 25c. Potatoes—6l.76® I S a bbrl

THE INDIANAPOLIS TIMES

HOGS DROP WITH HEMCEIPTS Prices Slump Off 15 to 20 Cents—Cattle Are Steady, With Calves Up sl. Hog Prices Day by Day 260-300 lbs 200-225 lbs 160-180 lb# Oct 10 9 90© 10.00 9 80® 9.00 9 60® 9.75 11 9.90®10.00 9.70® 9.85 9 50® 9.00 il2 9 65® 975 9.50® 9.00 9.25© 940 13 9 50® 960 9.30® 0.50 9.10® 925 14 9 55® 9.05 9.45© 9.55 9.35® 9.45 10. 370 9.60© 9.70 9 50® 9.60 1 17. 9.50© 9.55 6 45© 9.50 9.40 i With receipts too large at 10,000, hog prices fell off 15 to 20 cents at the local stock yards today, the top for best heavies dropping the full 20 cents to $9.65. However, the supply was absorbed readily at these figures, and there were few held over. Pigs and sows ruled strong, some pigs selling as high as $9.40, but the bulk of trading was at $9 @9.25. The top price paid for best roughs was $8.60. Cattle trading was at steady pricor, with 900 received. There was little doing In cows, but a good market rvas noticed for heifers and steers. In the calf alleys prices advanced ] BO cents to sl, with the same grade | that sold at sll<@l2 selling at sl2©) i 13. However, few sold over sl3. Re- | celpts, 600. ! Lamb prices also experienced i strength, rising about 50 cents to a ; top of sl3. Sheep ruled steady, best j ewes bringing $5. Receipts, 150. —Hog#— 150 to 200 lb# - $ 9 10 Medium 9 45® 9.50 1 Heavy 0 50© 9.55 Top 9.55 P% 8.75® 9.00 Packing sow# 7.75 © 8.00 —(attic— Few choice steer# $11.50® 12.00 Prime corn-fed teem. 1.000 to 1,300 lb# 10.50® 11.60 Good to choice teer#, 1,000 lo 1,300 lb# 9.25© 0.73 Good to choice etecr#. 1,000 to 1.200 lb# 8.25® 0.25 Good to choice #teer, I.o* H) to 1.100 lbs. . 7.75® 8.25 Common to medium steer#, j 800 to 1.000 lb# 6 75© 0.75 —(owi and Heifer#— Few choice heifers f 8 25® 9 00 Good lo choice heifer* 7 35® 7.50 Medium heifer# 0 50© 7 00 Common to medium heiferi. .. 6 50© 0 50 Good to choice cow# 6.50© 6 00 Coniutt to good cows 3.00© 5.50 Cutter# 2.75© 3 25 Catiner# 2 00© 2.50 —Bu 11 # — Fincy butcher buli# $ 5 00® 5.75 ' Good to choice butcher bull*. 4 25© 473 1 Bologna bulia 3 75© 450 Light bologna bulla 3.23® 3.75 —Calve#— Chaleo veal# sl2 50© 13 00 !Go • veal# 11 00© 12.00 M idium veal# 10 00© 11 00 Light#night veals loo©lo.oo Heavyweight veals 8 00© 9 00 Common hcavisa o.oo© 7.00 —-StorUer# and Feeders— Jood to chole* steers under 800 lbs $ 675 © 700 Medium cow# 3.25© 360 Buck# 3.00 Yearling 6 25© 8.00 Springer# 12.60© 1 4 00 Common lambs 800 ©IO.OO Cull* 8 75© 0.00 —Sheep and Lambs— Cull* $ 3 23® 3 50 Good to choice ewes 3.69® 6.00 Few choice lamb# 13 00 Good to choice lamb* 11 30©12.50 Heavy lambs 10 00 ©ll 00 Cull lambi 7.00 liutk# 3.00

OTHER LIVE STOCK Bfj United Financial CHICAGO. Oct. 16 TToki—RrrdpU. 35.000; market, alow, steady; top. $9.60; bulk of idles. $8 15<tf.50 heavy weight, $8 6-*>to medium wetoht, $9.25 to 9 50. light weight. $9 15(89 35; light light*. $9 10 to b.U); heavy packing mows. $7 90t0H60. pat king lows rough. $7.36©8; plga. $8.7-> to 0.25. Cattle—Receipts, 28,000; market. Blow, steady, choice and prime. $11.25 to 13 10; medium and guod. 57.25 to 11.25. common $5.75 7.25; sjckJ and choice, 90fa.12.20; common ami medium. $5.60 to 0 butcher rattle and heifers $4 85320 35; cows. $3.05 <0 8 13; bull*. $3 85® 0 65; can ners. cutter*, cows and hellers. $2 65 to 3 6;>. r anner steers $3 60*3 4.25 .veal calves $7.75® 11. feeder steers. $5.05 <3 8 10; stocker steers, $4 25fc?05; ttoeker cows SS^A*I***’-* 1 ***’ - * S3 MbU 5.25. Sheep—Receipts. #.4.000; market, strong to 26c higher iami*#, $12.25<314.10; lambs, cull and ooinmou. $8 60 0212; yearling wethers. 53.60 ft 12 ewes. $3 50 36.76; cull to common ewes, $2 3 3.76. . CINCINNATI, Oct. 10—Cattle—Receipts 4.400; market, active: shippers. $7.60© 10 ... v< T~ Marl,et ' p ady: extras. $11.50© 1. Hogs—Receipts, 4.200; market, active. isc up: good to choice packers. $9.76. Sheep— Acempts. 800: market, steady; extras, $5©6.50. I.ambs—Market, steady fair to good. sl3© 13.50. CUIWLLAhT), Oct. 10.—Hog#—Receipt#, "•o00; market 15c up: yorkers, $9.00© 9 ,o; mixed, $0.76; medium. $9.75: pig# $9 rough* $7 60; .tag., $4 50. Cattle—Remarket, Blow; good to choice VS i"; good to choice $9.50t0 10.30; good to choice hetf-ra. $7&8: good to choice cows. $4.75<3 5-75; fair to good cows, sd.io*it 4.50; common rows. $2 6ii3; niilkerj, $4.73. Sheep and lambs—Receipts 3.000; market, active; top. $14.25. Calves— Heecipts. 1,000; market, steady; top. $12.50 EAST ST. LOUIS. Oct. 10._Catt!—Re <etpt#, 8 000: market, slow: native beef ITT?!; 1 !.- 56.35® 10.75; yearling# and heifer#. $0©8.50; cow#, $4©550; canuer# and cut ter. $*,,40©3.25, calve#, $10.60; stocker* f of<l' rs. $4 50© 0.50. Hogs—Receipts, 0.000, market. 10c to 15c up. heavy, $8.90 medium. $0.25(30.0,); lights, $9.10 toOtio: light lights, $9 @060; packing 2r>: [email protected]; bulk, no Sheep— Receipts. 1.300: mar net. steady; ewes. s3(fti6; (Rimers and cut tern, uOcfti $2.50; wool lambs. $12.75$ 13

1 KANSAS CITY, Oct. 10.—Hogs—ReeeiptB 1 12.000; market, steady: bulk. sß® 9.05; heavies $8.25® 9: butchers. $8.45 ®0: lights. $8.40<09; pir. $8<38.05. Ckttrl— Receipts, 81.000: market, iteady; prime ted steer a, pialn to lair dressed •I cor§ * Western steers. $4.50 ir&O; southern steers. $4.25® 8.25; cows, $2.#5@7; heifers, [email protected]: Blockers and feud era. $4.75® 8; bulls. $3.50 4.75: calves, ! i ss.<>otit 10.60. Sheet> —Receipts, 10,000 market, steady; lambs. sl2® 14; yearlings. "Others. $0.60<?i7.50: ewes. $5 '30.25; stockers and feeders. $lO 313.50. BAST BUFFALO. Oct. 10—Cattle—Receipts, 3,375; market, choice, active, steady; Btwr *. $9 310.60; butcher grades. heifers. $5.5038.H0; cows, $2 3 0.25; bulls, $2 35.25: milch cows and aprinreri. $40(0120. Calves—Receipts. 2.000; market, active, steady; culls to choice, $4(013.50. Sheep and lambs—Re ceipts, 12.000: market, active, steady choice lambs. $1 *<ol4 75: culls to fair. $8 313.50: yearlings, $731150; sheep. S3(O 9. Hosts —Receipts. 10,000: market, active: pigs, 25c up; yorkers, $9.75; pigs. $9.75. mixed, $9.76® 9.85. heavies, $9.85 310; roughs. $738; stajs. $5 <OO. NEW YORK CURB MARKET (By Thomson A McKinnon) —Oct. 10— —Closing— Bid. Ask. Acme Packing 85 38 Curtis Aero com 2% 3% Curtis Aero pfd 24 27 Boston A Montana 12 13 Goldfield Con 8 9 Jumbo Extension 7 8 International Petroleum ... 2" 23 % Kirby Oil 6 6 Niplssing 0 0% Standard Motors 3 % 4 % ! Salt Creek 19% 19% Tonopah Extension 3% 3% Tonopah Mining 2% 2% : United P S new 7 7 % i U. S. Light and Heat 1 % 1 % U. S. Lirht and Heat pfd... 1% 1% I Wright-Martln 2 0 Yukon Gold Mine Cos 90 93 Jerome 2% 3% New Cornelia 18 19 United Verde 29 30 Sequoyah 8 8 Omar Oil 1 p-lfl 1 % Rep. Tire 20 40

INDIANAPOLIS PRODUCE Butter —Packing stock. 22c. Eggs— Fresh candled. 30c:. Fowls—-4% lbs up 22c: under 4% lbs, 17c; leghorn fowls and springs. 26 per rent discount; springs, 2 lbs under. 26c; springs, over 2 lbs, 18c; cox and stags, lie: young tom turkeys, 12 lbs up. 30c; young hen turkeys, 8 lbs up. 30c old tom turhejfc* 25c; ducks, 4 lbs up, 17c; geese, 10 lbs' ip. 14c: squabs. 11 lbs to doz, $4.60: yo..bg guineae, 1 % to S-lb size, per do*. $7

RAW SILK DECLINES Yokohama Market Shows Sharp Break After Gain. By United Financial NEW YORK. Oct. 17.—While the general textile tendency is upward in price, raw silk has declined approximately 70 yen per bale in the Yokohama market. This break occurred utter a steady advance of 140 yen per bale in the last fortnight. Due to the broadening demand for print cloths, sheeting and other gray cloths mills are asking Increased prices. Sales on the contract have placed many firms In a strong position for the balance of the year and the standard qualities have been well taken care of at spot prices. One large cotton goods house reports to' its mills: "Business has continued in handsome volume through thq week, our sales of print cloths, sheeting and drills alone averaging over 50,000 pieces per day. Prices have made moderate advances.’ Staple dress goods in worsteds are : <li mer, with an advancing tendency. | Manufacturers of men’s clothing are | Slaving more trouble and report fairly dull spring prospects. IN THE COTTON MARKET By United' Financial NEW YORK. Oct. 16.—After making new highs for the move December reaching i 2.76 c. cotton sold off under heavy realizing and local pressure, but on the decline the undertone was steady, due to good trade support. The list in the noon hour wad unchanged to 14 poiutß up. The market closed steau.v, off 7 to 14. High. Low. Close. October 22.60 22.10 22.20 December 22.70 22.36 22.42 .January 22.64 22.20 22.d0 March 22.75 22.29 22.12 May 22.73 22.2 ft *2.33 ; July 22.49 22.22 22.28 i By United Financial NEW ORLEANS Oct 16.—Heavy buying orders, accumulation of the weekend and favorable cables hum Liverpool caused flic cotton market to open highel l Gain* of from 10 to 21 points were registered In the first two hours cotton prices dropped from 4 to 19 points. The market closed steady. High. Lmv. Close. Octot>cr 23.10 22 82 2*.83 December 22.20 21.75 21 80 January 22 24 21.75 21.84 March 22 30 21.80 21.00 Spot 21.76 c, unchanged. lip United Financial LIVERPOOL. Oct. 17—Moderate business in cotton with prices barely steady. Sales. 10.000 bales Receipts 4.000. including 2,300 American. The market closed steady. Futures opened steady Open High. Low. Close. October 13 08 13 08 13 03 13.04 January 12 Hi 12 81 12 70 12.74 March 12.60 12.65 12 60 12.62 May 12 52 12 52 12.49 12 49 July 12.36 12 36 12 30 12 32 NEW YORK PRODUCE By United Financial NEW YORK. Oct. 16.—Flour, quiet and firm; pork, quiet: mess. $29 £29 50. lard, easy; middle west spot sll 65 4111 75; sugar, firmer, raw. $5.33; refined steady: granulated. $0 26<U6 9O coffee. Rio No 7 spot. 10$jl0*4c; tallow, dull, special. •I’Sc: city. 5Sc; hay. steady; No 1. 512.50: No 3 511 1 1 50: clover $9 50 to 12 . dress'd poultry, dull: turkeys. s3o<qs V: chickens. 21 38c: fowls. 16 $t 33**; ducks. 30; Lvc poultry, dull, feege. 21'it 25c: ducks. ‘*B t 34c; fowls 10 it 30c turkey*. 30v50e roosters. 14e; chickens. 23 35c; cheese, steady; state milk, common to specials. tr 26c: skims, common to specials. 1 8 'ft 18*?c: butter. steady; receipts. 6 h 2 creamery extras. 45c: social*. 45 '-a t 4 6c state dairy tubs. 31 \i 44c eg*# unsettled: receipts. 8 506: nearby white fancy. 77'<r. 82c; nearby mixed fhney. 65ft62c*; fresh firsts. 36® 54c: Pacific coast. 42'u 74c. RAW SUCAR MARKET Bp United Financial NEW YORK Oct 16—Raw sugar opened steady: December. 352<3 3 53. March. 311 4£.Tl2c: May. 321 a 322 c; July. 335 c bid

THE UNIVERSAL CAB PRICES REDUCED The Following Prices Effective on Ford Cars Today Old Price New Price Chassis $285 $235 Runabout $319 $269 Touring $348 $298 Starter S7O Extra, Demountable Rims $25 Extra Coupe SSBO $530 Sedan $645 $595-1-Ton Truck Chassis $430 S3BO F. O. B DETROIT. AUTHORIZED FORD and LINCOLN CAR DEALERS The World's Greatest Motor Car Values Barber-Warnock Cos. Fouts Car and Tractor Cos. 823 East Washington Street. 2549 West Michigan Street. DRexel 6977. BElmont 0334. A. W. Bowen The Frank Hatfield Cos. 941 Fort Wayne Avenue. 623 North Capitol Avenue. MAin 6913. M Ain 4708. Broad Ripple Auto Cos. Clin-Wilmeth Cos., Inc. 828 East Sixty-Third Street. 515 North Meridian Street. WAshington 4737, MAin 4486. Calderhead Auto Cos. Smith & Moore 2966 Northwestern Avenue. 259 South Meridian Street. RAndolph 5260. Main 6650. Car Auto Sales Cos. Wangelin-Sharp Cos. 5436 East Washington Street. 443 Virginia Avenue. IRvington 1124. DRexel 0360.

GRAIN MARKETS REFLECT SLUMP Decline Due to Low Liverpool Market—Car Shortage Is Felt. By Times Special CHICAGO, Oc‘ 17.—Grain prices opened slightly lower on the Chicago Board of Trade. The decline was mostly a reflection of the Liverpool market. Although local receipts of wheat w.ere light at forty-flve l cars, the country offering was considerably freer and aided In the moderate drop in prices. Car shortages was believed 1 the only factor in holding the receipts at low figures. Corn prices were evenly %o lower. Receipts were estimated at 180 cars, which was lighter than expected, and put a damper on the decline. Buying of July oats by local comI mission houses gave that delivery strength hut December and May folj lowed the drop of the wheat and corn i markets. CHICAGO CRAIN TABLE —Get. 10— Bn United Financial WHEAT— Open. High. Low. Close Dee 1.14 1.14 1.13% 112% May... 1.13% 1.14 1.13 1.12% July... 1.00% 1.00% 1.04% 1.04V* CORN— Dec 60% 00% .65% .66 .May... .08% .08% .07 .07% July... .68 V .08% .07 .67% OATS— Dec 42% .42% 41% .41% May... 42% .43 .41% .41% July... .40% .40% .30 .39 LAUD— Oet 10,90 1095 10.75 10.75 Jau 9.45 9.45 0.30 9.30 RIBS—•Uct 10.50 BYE— Dec 79 .80% .78% .78% May... 80 81% .79% .79% •Nominal. CHICAGO CASH CRAIN By Unit'd Financial CHICAGO. Oct. 16. —Wburnt —No 2 hard. $1.10; No '2 hard ..1.16 44. Corn—No 2 yellow. 71 \ (j* 72 *n c; No 3 yellow, 71 Mi & 72c, No 4 y*ilow, 70S No. 5 yellow. 70M 5 mixed. 73c. No. 0 mixed. 70Vac; No. 2 white, 71 ** U 72 44c; No 3 while. 71 S r a> 72c; No 4 white. *c. No. 5 while, 70 S fc, 70 \c; while. Oats—No 3 white 424t0444c: No 4 while. 425 j 43 \c. standard 42 to 42 T *o Bariev—--63t070c. Rye—B2 Timothy—ss.so<J| 0.50. Cloveraeed—sl6 to 18. % INDIANAPOLIS CASH GRAIN —Oct. 16— Rldi* for car lots of gram and hay at the call of the Indianapolis Board of Trade were Wheat—Through billed, firm; No. 2 red. $i 13 U 1 14 Corn —Strong: No 3 white. 07t068c: No 4 w hite, 66 to 67c: No 3 yellow. 67 to 68c; No 4 yellow, 66t067c: No. 3 mixed. 66t0 670 No. 4 mixed. 65 to 66c. Oats—Strong No. 2 white, 42bito43c No 3 white, 41t042c Hay—Easy: N> 1 timothy. 515t0 15 50 No 2 timothy. $14&0tol5: No. 1 light clover mixed. sl4 60; No. 1 clover hay. 13 50 to 14 —lnspection# Wheat—No 2 red. 6 cars: No. 3 red. 2 cars. No. 4 red. 3 cars; sample, 4 cars Total. 15 cars Corn—No. 1 white. 1 ear; No. 2 white. 1 car No 3 white, 2 cars; No 4 white, 7 cars No. 5 white. 2 cars; No. 6 white. 3 cam No. 1 yellow. 1 car: No. 2 yellow, 2 cars: No 3 yellow, 10 cars No. 4 yellow, 10 cars: No 5 yellow, 7 cars; No 6 yellow. 6 ears No. 4 mixed. 1 car. No 5 mixed. 1 car No 6 mixed, l cars Total. 55 oars. Oat*—No 2 white 13 ears. No. 3 white. 8 cam Total. 21 cars. Rye—No 3. 2 cam. Total. 2 cars.

Total number of cars for day. 93. Grain prices Quoted f. o. b. basis, 41 He to New York. PRIMARY MARKETS (Thomson & McKinnon) —Oct. 18— Receipts Wheat Corn. Oat#. Sioux City... 7,000 45,000 30.000 St. Joseph... 02,000 22.000 Chicago 118,000 582.000 232,000 Milwaukee .. 24 000 84,000 129,000 Minneapolis. . 077.000 28.000 209,000 Duluth 310,000 4.000 St. Louis 230.000 139,000 152.000 Toledo 14,0000 6.000 6,000 Detroit P.OOO 7.000 14.000 Kansas City. C 43.000 44.000 43,000 Peoria 25,000 170.000 07.000 Omaha 173.000 130 000 04,000 Indianapolis.. 8,000 66,000 34,000 Totals ...2,120.000 1.339.000 980.000 Year a^o. .2,468.000 1,449,000 1,106.000 Shipment# Wheat Corn. Oats. Sioux City 27,000 14.000 St.. Joseph... 36.000 14.000 2 000 Chicago 90,000 970.000 228,000 Milwaukee . . 3.000 71,000 39,000 Minneapolis. . 193,000 10,000 229.000 Duluth 331,000 St. Louis 120.000 47,000 59,000 Toledo 1.000 7,000 Detroit 2,000 4,000 4.000 Kansas City.. 184,000 8.000 12.000 Peoria 11.000 116.000 59.000 Omaha - 90.000 02.000 38,000 Indianapolis.. 3,000 30,000 10,000 Total* ...1,009,000 1,306,000 707.000 Year ag0..1,191.000 1.981,000 412,000 Clearance* Wheat Corn. Oats. Boston 22,000 60.000 Baltimore 20.000 40,000 New Orleans. 104,000 80,000 Newprt News 2,000 Total# ... 126,000 112,000 102,000 Year ago.. 048.000 9,000 32,000 LOCAL WAGON WHEAT No. 2 wagon wheat. $1 08; No. 3 white oats. 36c. NAVAL STORES By United Financial y SAVANNAH. Ga., Oct. 17.—Spirts firm yesterday, regulars, 145 % : sales. 202. Rosin —Firm . WW. 0 80c; WO, 6.20 c: N. M. K. 1. H. G, F. E. li. 11, 5.75 c. Salts. .500. Spirits —Receipt:, 183: shipments, 304: stoc.s. 11.880: offerings, 202. Rosin —Receipts, 528: shipments, 120; stock#, 88,037; ofierllga. 500. LINSEED OIL Bp United Financial NEW YORK. Oct. 17.—Lineeed oil wan steady yesterday with demand fair Domestic spot, 90 v. October. 86c: November and December. 81 to 83c: January and April, 76 to 78c; foreign spot. 84c CHICAGO PRODUCE CHICAGO. Oct 16.—Butter—Creamery extra. 44c: standards. 40c; firsts. 36t038c; seconds. 34 to 35c. Egg*—-Ordinary, 26c first*. 81 to 35c Cheese —Twins, 22 to 23c: Young Americans. 22 to to 23c. Poultry —Fowls. 14t022c: ducks 23c; geese, 21c: springs. 18too: turkeys. 30c; roosters. 14c. CHICAGO HOGS STEADY Even Supply Results in Good Trade for tattle and Hogs. By United Financial CHICAGO, Oct. 17.—Hog values were fully steady to strong at the stockyards today. Receipts were 25,009 with a holdover supply of a little more than 7,000. Big killers took only about 500 in direct shipments and were good buyers of all classes throughout the day’s session. Cattle prices moved about 15c higher. The run of grades was slightly reduced today, receipts of 11,000 containing a good supply of choice grads beefs. Sheep and lambs sold at strong values. a few prime grade lambs bringing prices about a nickel higher. Receipts were 18.000. which was about equal to the day’s demand.

OCT. 17, 1922

HEDMEN CONFER COUNCILDEEHEE Four Hundred Candidates Are Initiated at Tomlinson M Hall. The Improved Order of Red Men, meeting at Tomlinson Hall today, conferred the Great Council Degree upon 100 past sachems, who have never attended the Grand Council before. These men represent various tribes throughout the State. The meeting convened at 9 a. m. with Timothy O’Connor of Jasonville, Ind., in charge. Much interest is manifested in the election to the office of g.eat junior sagabor for which nine cantS dates are slated. A reception will be held tonight for the great Incohonee, John E. Sedwiev; of Evansville, Tad., who was recently exalted to that position at a meeting held in Boston. Dr. J. S. Coffman will bt> in charge of the meeting tonight. It. is estimated there are over a thousand members attending the convention. NOTIFIES OFFICIALS Time Limit for Receiving Budget Expires. With the time for the submitting of all State budgets to the State board of accounts expired and with only a few budgets received by Budget Clerk Edward Farmer. Examiner Je se E. Eschbach has notified all State officials that their reports must be sent In at once. Eschbach left today to complete inspection tour of State institution^®

$90,000 Lafayette Joint Stock Land Bank 5% TAX EXEMPT Farm Loan Bonds To Yield 4.50 to 4.58% These bonds are SI,OOO denominations, fully tax exempt, of unquestioned security, and in every way high grade investments. Further information will he gladly given on request. MA in 7051 J.F.WILD&CO. A STATE BANK 123 E. Market St., Indianapolis The Oldest Bond Ilouse in Indiana