Indianapolis Times, Volume 35, Number 136, Indianapolis, Marion County, 18 October 1923 — Page 11

THURSDAY, OCT. 18, 1923

MARKET RECOVERY .CONTINUES UNDER STRONGERBUYING Speculative Sentiment Responds to Wednesday's impressive Support. The WALL STREET JOURNAL NEW YORK, Oct. 18.—Speculative sentiment was effected today by the impressive buying which came into the stock market at precisely the same levels where support was encountered in July, August and September and stocks continued the improvement noticeable in Wednesday’s late dealings and Baldwin, American Can and other industrial leaders reached new highs on the recovery, while special strength was displayed by Davison Chemical, which gained nearly a point. First Hour Stocks moved ahead with some spirit around 11 o'clock when further short covering was Induced by the market's Indifference to professional pressure. Steel went into new high ground on the present rally at 87*4, sDupont at 127%, Studebaker at 96% Ptnd Baldwin at 117%. Willya-Over-land pfd. sold at 63%, a 3 point recovery from the week’s low. The market in general assumed a more confident tone and buying progressed in more orderly fashion than at any time for several days. Second Hour Stocks were unsettled around noon by renewed weakness in a number of specialties like National Enameling. Famous Players and Coco Cola. National Enameling’s 4-point break was accompanied by further rumors questioning the permanence of the $6 dividend rate. Pressure on these issues arrested the recovery in the general list, but a number of stocks continued to show strength. Among these was Industrial Alcohol which advanced to 50 against Wednesday’s low of 47%. Noon Hour Irregularity continued to characterize trading during the noon hour in which declines and advances were fairly well distributed throughout the list. Commission houses reported that short committments were being undertaken in increasing numbers by new traders who were such novices in speculation that the technique of bear transactions had to be explaindd to them. This condition caused many operators to retire from the market from fear for their safety. Fourth Hour Following irregularities in the noon dealings, stocks picked up strength in Ae early afternoon to snap back to Koming highs. Trading sentiment was so bearish and the short interest so large that professionals had no success In trying to penetrate the technical barrier to lower prices, thus created. Short-covering operations of bears who withdrew from the reactionary forces furnished the principal demand for stocks and a good rally was in progress toward 2 o’clock. Twenty active Industrial stocks on Wednesday averaged 87.56, up .65 per cent. Twenty active rails averaged 78.41, up .13 per cent. Local Bank Clearings Indianapolis bank clearings Thursday were $3,316,000: bank debits were $8,186.000. New York Money Market By United Financial NBW YORK, Oct. 18. —Time money market quiet at 5 to 5% per cent. Commercial paper, prime names, discount at 614 per cent, shading toward 5 per cent. Small volume at 5% per cent. Foreign Exchange By United Financial NEW YORK. Oct. 18.—Foreign exchange opened lower. Sterling, demand. $4 52%: cables. *4 .52’4. Francs, demand. 6.00 c: cobles, 6.00 V* c. Lire, demand. 4.63 c: cables. 4 53He Belgian, demand. 5.18 He; rabies. 6.19 c. Marks. 6.666.000.000 to the dollar. Czecho. demand. 2.98 c: cables. 2.98 He- Swiss. 17.92 c: demand, 17.94 c. Guilders, demand. 39.19 c: cables, 39.22 c. Pesetas, demand. 13.52 c; cables. 13.54 c. Swedish, demand. 26.32 c; cables. 26.36 c. Norway, demand. 1549 c: cables. 15.53 c. Denmark. 17.52 c; cables, 17.56 c.

Produce Markets

INDIANAPOLIS. Oct- 18.—Fresh errs, loss off, 35c; packing stock butter, 28c: springs, under 2 lbs., 28c: springs, over 2 lbs., 19c; fowls, 4 lbs. up. 22c; fowls, under 4 lbs., 17c: Leghorn poultry. 25 per cent discount; cocks, 10c; young tom turkeys, 12 lbs. up, 27c: young hen turkeys, 8 lbs. up. 27c; old tom turkeys, 22c; ducks. 4 lbs. up. 15c; ree6e. 10 lbs. up. 11c: young geese. 6 lbs, up. 15c; squabs, 11 lbs. to tho dozen. 54; young guineas, 1 % lbs. up. dozen, $7; old guineas, dozen. $4.60. Indianapolis creameries are paying 15c a lb. for butterfat. CHICAGO, Oct. 18.—Butter—Receipts. 6.284: creamery extra. 47c: standards. 44 3 i c; firsts, 42@43c; seconds. 41 He. Eggs—Receipts. 6,296; ordinary firsts, 25 & 26c: firsts, 30 6 34c. Cheese—Twins. 25 026 He; Young Americas, 25 @ 26c. Poultry—Receipts, 11 ears; fowls. 14 019 He; ducks. 19c; geese. 19c; springs, 19c; turkeys, 20c; roosters, 14c. Potatoes—Receipts, 415 cars; Wisconsin round whites. 90c®81.10; Minnesota and North Dakota U. 8. No. 1. 80c @ 51; Red River Ohios. 89 096 c. CLEVELAND, Oct. 18.—Butter —Extra in tubs 51H@52Hc: prints. 50HQ51Hc: firsts. 49 HQ 51 He; packing stock. 34 H 0 38 He. Eggs—Fresh gathered northern extras. 44c: Ohio firsts. 40c; western firsts, new cases. 38He. Poultry—Heavy fowls. 36028 c: light fowls, 186 21c: cocks. 15 0 17c; broilers. 28@27c; ducks, spring. 18 0 22. Potatoes—Virginia cobblers. 55 65.70 Per barrel; $4.65 per 150*pound bag. NEW YORK. Oct. 18.—Flour—Dull and easy Pork—Dull. Me 55 —525.500 26. Lard—Steady; mid-west spot. $13,05 0 13.15. Sugar—Raw, firm. 7.66 c. refined, easy: granulated. 9.1569.50 c. Coffee—Rio spot. 11 He: Santos No. 4. 14H@15Hc Tallow—Quiet; spccltlal to extras, 7HO l\c. Hay—Dull. No. 1. $15.50: No. 3, $13.50@13. Dressed pou’trr—Steady, turkeys. 26 6 55c; chickens. 2£@42c: fowls. 15 633 He: Ducks. Long Island. 27c. Live poultry—Firm: geese. 20Q22c: ducks. 14<0 gage: fowls. IT @ 27c turkeys. 35 04Oc; Vic. Cheese —Steady: state whole milk, eommon to special. 22@ 28c; state skims, choice to specials. 16Q19c: lower grades 5 & 15c. Butter—Quiet: receipts. 112.088 creamery extra. 48c: special market 48 >4® 49c: state dairy tubs. 306 47 He. Egge— Steady: receipts. 13.003; nearby whites, fancy. 80 684 c: nearby state white. 42® 82c: fresh firsts to extras. 35<d49c; Pacific coast. 46 @ 75c: western whites. 42 Q 82c: nearby browns. 50@60c: Pacific coast, firsts to extras. 60@76He. Dressed Beef Prices Wholesale selling prices on dressed beef. Swift * Cos.: Bibs—No. 2. 30c; No. 3.17 c. Loins—No. 2,25 c: No 3,18 c. Rounds — No. 2,18 c: No. 3.15 c. Chuck* —No. 2, 13c: No. 3,11 c. Plates—No. 2,8 c: No. 7c.

New York Stocks (By Thomson & McKinnon) —Oat 18—

Railroads— 12:45 Prev. High. Low p. m. close. Atchison 96 96% 96 96 B & 0 56 H 56 56 H 56% Can Pacific. .142% ... 141% 143% C & 0 65% 65% 65% 65% C * N W Ry. 00 ... 60 60% Gt North pfd 62% ... 52% 62% Lehigh ‘Valley 58% 68% 58% 58% N Y Central.. 106% ... 100 100% Nor Pacific. . 61% ... 50% 61% Norfolk &W. 102% ... 101% 102 P-Marquette. . 40% ... 40% 40% Pennsylvania. 42 41% 42 41% Reading 75 % ... 75 76 Sou Railway. 32% 32% 32% 32% Sou Pacific.. . 86 % ... 85 % 85 % St Paul pfd. 24% 25 25% 24% U Pacific 128% 127% 128% 127% Wabash pfd.. 30% 30% 30% 30% Robbers— Kelly-Spr. ... 22% 21% 21% 22% US Rubber.. 35% 35% 35% 35% Equipments— Am Locomo.. 69% 69% 69% 69% Baldwin L0e.117% 110% 116% 110% Gen Electric. 171% 170% 171% 171 Lima Locomo 04 63% 63% 63% Pullman 110 115% 116 115% Steels^— Bethlehem 47% ... 47% 47% Crucible 59% 58% 58% 68% Gulf States.. 73% 72% 72% 73% R. Iron & S.. 45% 43% 43% 42% U. S. Steel... 87% 87 87 87V* Motors— Chandler M.. 45 44 % 45 44% Gen. Motors. 13% 13% 13% Max. M. (A) 37 Vi 37% 37% Studebaker .. 96 % 95% 96% 98% Stewart-W... 83 % 82 % 83 % 82 % Timken .... 34% 34% 34% Oil*— Cal. Petrol.. 18% 18% 18% Cosdeti 25% 25% 25% 25% Houston Oil.. 48 47% 48 48%

WEAKER FEELING FEATURESGRAINS Russian News Is Principal Factor in Wheat Decline, By United Financial CHICAGO, Oct. 18- —Grain prices opened unchanged to slightly lower on the Chicago Board of Trade today. Russian news was the leading factor in wheat. Heavy selling followed receipt of news that Russia had contracted with Britain and the continentals to supply their grain needs working in conjunction with British firms and with financial aid furnished by the Soviet cooperating association. That Russia must have large supplies cn hand was indicated by the fact that last week 1,224,000 bushels of wheat, 480,000 bushels of rye and 165,000 bushels of barley have been exported. Outside markets continued weak. While wet weather was an unfavorable factor in the corn market, prices slumped in sympathy with wheat and a ntoable decrease in demand. Continued increase in shipments of livestock proves, traders believe, that feeders are unwilling to pay the high prices prevailing and at the same time are rushing supplies to market for profit. Oats fell off fractionally with other grains on a featureless market. Provisions were lower with grains, hogs and large livestock receipts. Chicago Grain Table —Oct. 18— WHEAT— Prev. Open. High. Low 11:45 close. Dec. .1.06% 1.06% 108 1.06% 1.06% 1.06 % 1.06 % May ,1.11% 1.11% 110% 1.11% 1.11% 1.10% 7 1.11% July .1.07% 1.07% 1.07% 1.07%b108 1.07% CORN— Dec. . .77% .77% .70% .77% .77% .77% .77% May . .74% .74% 74% .74% .74% .74 % .74 % July . .75 .76% .74% .75% .75% .74% .75% OATS— Dec. . .42% .42% .42% .42% .42% May . .44% .44% .44% .44% 44% .44% July . .44 % .44% .44 .44 b 44% CHICAGO. Oct. 18.—Car let receipts: Wheat, 43: corn. 77: oats. 48; rye. 7.

Cash Grain

INDIANAPOLIS. Oct. 18.—Total receipt* for the day. 68 car*. Grain price* quoted f. o b. basis. 41%c to New York, hay on track. Indianapolis. Bid* for grain at the Indianapolis Board of Trade were: Wheat—Easier; No. 2 red. $1.0601.08% : No. 2 hard. $1.03 % @1.06 %. Corn—Steady to strong: No. 2 white. [email protected]: No. 3 white. $1.0601.09%: No. 2 yellow, [email protected]: No. 3 yellow, $1.0501.07; No 2 mixed. [email protected]; No. 3 mixed. $1.03® 1.05. Oats—Easier. No. 2 white, 40% (342 c: No 3 white. 39®40c. Hay—Firm: No. 1 timothy. $22.60023: No. 2 timothy. $21.50(2 22: No. 1 light clover mixed. S2O @20.50: No 1 clover mixed. s2l 021.50; No. 1 clover hay, $21.60 @23. —lnspections Wheat—No. 2 red, 3 ears; No. 3 red, 5 cars: No. 4 red. 3 car*: No. 2 hard. 1 car; No. 5 hard. 1 car: No. 2 mixed. 1 car; No 5 mixed. 1 car; sample, 1 car. Total, 16 cars. Com—No. 2 white, 4 cars: No. 3 white, 1 car; No. 2 yellow, 16 cars: No. 8 yellow. 2 cars; No. 2 mixed. 2 car*. Total. 25 cars Oats—No. 2 white. 6 cars; No. 3 white. 6 cars; No. 4 white. 2 ears; sample white, 2 ears: sample .nixed, 1 car. Total. 15 ears. Hay—No 1 timothy, 1 car. Total, 1 car. Grain Briefs CHICAGO. Oct. 18.—Soil conditions In Indiana are excellent and much seeding is being accomplished. In some sections a material reduction is noted. Weather and movement of the new crop will be the determining factors In the com market, and Until more hedging pressure and general realizing by holders appears declines will be only temporary, an expert stated. Complaints of corn rotting in the fields, due to the recent heavy rains In Nebraska. lowa and Oklahoma, have been received. A curtailment of grain shipments from points in Kansas and Oklahoma Is expected to result from an embargo placed on shipments destined from the flood-stricken areas of these States. Were the grain trade relieved of restrictions such as the futures trading aet. It is believed speculation would increase and prices advance. Local Hay Market I*ooff hay—Sl B<2 21: bales. sl7 lirht mixed hay. sl7 @2O. Local Wagon Wheat Local mills and elevators are paying $1.09 for No. 2 red wheat. SCIENTIFIC GERMAN Butler College Professor Talks on language Methods. Teaching of Scientific German was discussed by Prof. Milton Baumgardner, of Butlel- College, before the Modern Language Section at Central Christian Church. Advantages and disadvantages of teaching language by the direct method were pointed out by Prof. Harry V. Yann, of Indiana State Normal, who led an open discussion on “The Direct Method of Language Teaching." ■

High. Low. P. M. Close. at 12:45 Prev. Marland Oil .22% .... 22% 22 P-A. Pete... 56% 55% 5% 16% P-A. P. <B). 53Af, 63% 62% 62% Phillips Pete 23 V* 23 23 23% Pro. A Ref.. 21V* 21 21 % 21% Pure Oil .... 17% .... 17% 17% S. Oil of Cal 61 % 61 61% 61 S. Oil of N. J. 32% 32% 82% Sinclair IS% 18% (19 Texas Cos 40% 40% 40% 41 Minin**— , Int. Nickel.. 11% 11 11 11% Texas G. It S. 50% 60% 60% Coppers— Am. Smelt... 56 ..... . 56 56 Anaconda .. 35% 35% 30 Kennecott.... 32% 32% 32% 32% Industrials— Arner Can... 93 92 92% 92% Anusr Wool. 71% 70% 70% 71% Coca-Cola ... 71 ... 69% 70% Cont Can ... 47 % ... 47 47 % Pam Players. 68 % ... 06 % 09 % Gen Asphalt. .27 % ... 27 27 May Store*. . 80% 79 80 Mont Ward. . 22 % ... 22 % 22 Nat Enamel . 40% 35% 30 40% Sears-Roe ..77% 77 77% 78 U S C I Pipe 38% 27% 38 37% U 8 M Alco 50 ... 49 % 49 % Utilities— Am T and T. 123% 123% 123% 123% Con Gas ... 61 ... 61 60 % Shipping— Am Int Corp 16% 10% 16% 16% Atl Gulf 13% ... 13% ,13% Int M M pfd 24% 23% 23% 24% Am Beet Sug 34 ... 34 83 % Com Prod ..123 122% 123 123 Cu Cn Su pfd 45% ... 45% 46 Cu-Am Sugar 30% 30% 30% 30% Punta Alegre. 63% 63 63 53% Tobaccos— Am Sumatra. 19% 19 19 ... Tob Prod B 50% 56% 56% 55%

Your Dollar Uncle Same Tells Who Gets It.

Fountain Pens EnTS/\ If US v-AHor/ 36 \ /Cents\ /Cents \ ProFiY &Y 1] \rx -c r \ Hater- H \ . oc/cscf'Oq \ IA L o JJ \Tax£S. \ ./ Oq Kpn vow* 1

mHE United States makes in a year about $15,000,000 worth of s fountain pens, according to figures gathered by the United States Government. It takes nearly 4,000 workmen In fifty-six factories to supply the nation. The Government also has analyzed prices of pens. It found that out of every dollar received by the manufacturers 19 cents goes to labor, 36 cents to materials and 45 cents to the manufacturer for his profit, overhead and taxes. A decrease of 10 per cent in the profit and overhead item would decrease the price of a $7 pen by 31 Increase of 20 per cent In wages cents, or 4.5 cents on the dollar. OILS GENERALLY LOWER IN OPENING CURB TRADE Carib Syndicate, However, Runs Counter by Advancing. By United Financial NEW YORK. Oct. 18.—The advance of Carib Syndicate to new current high at 4% attracted some attention to the South American oils in the early curb dealings. There was also some buying in Creole Syndicate at 2. Cumberland Pipe furthered its 2point advance of Wednesday by advancing to 106. H. & M. Ry. common rose to 10. Lehigh Valley Coal Sales sold at 77, Glen Alden at 72% and Reading Coal stock, when issued, at 47%. Standard Oil of Indiana was down to 65 and Prairie Oil and Gas to 165%. New York was weaker, while Vacuum was holding steady. Magnolia was off 2 at 132. Gillette Safety Razor was down 2 at 265, while Gold Dust was off % at 19. Cuba Corporation was up 1 point at 35. Cleveland Auto was improved % at 24%. Marriage Licenses H. F Taylor, 29. South Bend; Sarah Conhoight, 23. 19 Hampton Court. James Bardy. 35. 2508 Columbia; Anna Chatman. 33, 809 Blake. C. C. Snider, 21, 2602 Sherman Dr.; Ethel Keller. 22. 1718 N. New Jersey. H. S. Limpus, 23. 234 S. Grace; Mr*. Zona Baldwin, 20. 828 N. Tuxedo. R. C. Hart. 71. Columbus, Ind.; Elnoa Davis. 56. 2353 Bellefontaine. H. R. Balay. 23. 1723 W. Morris; Idena Cox, 29, 1524 Kappes. L. J. Newby. 22. Bridgeport. Ind.; Ruth Mlllls, 28. Valley Mills. L. L. Bourke, 25. 422 E. New York: Gladys Millet. 20. 2874 Highland PI. E. C. Baker. 23. 036 Warren; Mary E. Deidrich. 22. 1249 W. Ray. M. H. Walls, 27. 034 Division; Coleta Duncan, 21. 641 Arbor. W. G. Dorset. 24. 17 W. Sixteenth; Freda Sehi. 25. 17 W. Sixteenth. H. W. Griffith, 18. 1510 Holliday; Mildred Ward. 18. 1817 Lockwood. Frank Wlshard. 42. 171 Bright; Rachel Martin. 60. 171 Bright. A. L. La Roeque. 24. 1710 E. Ohio; Laura Lettc. 10, 1529 Dearborn. Births Girls Robert and Elizabeth Gilman, 1337 Blaine. Edwin and Roberta Llbbert. Methodist Hospital. Joseph and Eulalia Schmidt. Methodist Hospital. Charles and Elizabeth Ziegler, 801 Sanders. Dallas and Arabell Chappell. 1110 E. Michigan. Roy and Hazel Pavey. 625 Wallace. Frank and Naomi Dlvelbliss. 727 Concord. Henry and Helen Alfke. 2433 Coyner. William and Elizabeth Porter, 934 W. Twenty-Sixth. Irvin and Nellie Moore, State fairground. Boys , Elmer and Allie Hacker. 1718 S. Keystone. John and Marion Ad'er. 1431 E. Ohio. Clarence and Ann Covey. 3144 W. Morris. Frederick and Nora Logging. Methodist Hospital. Frank and Bessie Skinner. Methodist Hospital. Harry and Mollie Strohm, Methodist Hospital. John and Corrine Kemp. 1033 Colton. David and Anna Nahmias. 1045 S. Capitol. Robert and Helen Long, 1231 Nordyke. James and Anita Burk. 1012 W. TwentySeventh William and Bessie Wheeler, 717 N. Elder. Grover and Margaret Bare, 229 N. Noble. Kemp and Eva Levingston. 143 Detroit. George ana Hazel Green. 1255 W. ThirtyFirst. William and Ethel Reiliey. 1241 Naomi. Victor and Ruth Kelly. 11321 N. Talbott. Twins Joseph and Daisy Jamieson, $241 N. BWUid. girl and boy. Deaths Mary Jana Van Blaricum. 61, 1532 Naomi vaiVßral insufficiency. Harold L. Wilson. 4 months 1900 S. State, ileoyolttis. Thomas P. Overman. 70, 2641 Sutherland, angina pt-ejoris.

THE INDIANAPOLIS TIMES

LIGHT HOGS DROP 20 TO CENTS Heavies, However, Lose No More Than 5 to 10 Cents. Hog Prices Day by Day Oct. 260-300 lbs. 200-225 lbs. 150-180 lbs. 12. 8.25® 8.35 8.15® 8.25 B.lo® 8.20 13. 8.20® 8.25 B.lo® 8.20 B.oo® 8.10 15 8.15® 8.30 B.oo® $.15 7.90® 8.00 10.' B.oo® 8.15 7.75® 800 7.60® 7.76 17. 7.90® 8.05 7.50® 7.80 7.40® 7.0 C 18. 7.65® 8.00 7.40 ® 7.65 7.20® 7.40 With the exception of the heavy hogs which were 6 to 10 cents lower, prices for hogs dropped 20 to 30 cents in trading at the local livestock market today. It was generally accepted at the yards that the decline averaged 8 quarter on all grades except the prime heavies. An over-supply of 12.500 or more hogs. Inclusive of 3,343 holdovers, was offered for sale and bids from the opening were fully 25 to 30 cents lower. The loss was sustained on the light end, light and light mixed hogs selling generally at $7.20, as compared with $7.40 and $7.50 on Wednesday, while only the best heavy mixed hogs could command as much as $7.65. A few heavies brought a top of SB. or a nickel less than on Wednesday. The bulk of business was done In a narrow range, from $7 20 to $7.40. Pigs and light lights, however, were fully steady with Wednesday’s market despite the decline In the general market, one large buyer hAving had difficulty in filling his orders at steady prices of $6.75 and $7. Sows, nevertheless, lost a full quarter at $6.25 down. The cattle market was generally described by traders as "blue” which in the lingo of these veterans is taken to mean that the market was not encouraging to the sellers. About 11,000 head were offered for sale. Zuyers were slow inentering the market and placed their bids at generally lower levels. The calf market displayed steadiness on light receipts of 400, choice veals bringing $12.50 and the., bulk $11.50 to sl2. The sheep and lamb market was refarded as steady though $11.60 was the top price paid for lambs, due to deductions of 60 cents for water in the wool. Sheep were steady at $8 down. Receipts 150. —Hots— Chrteo lights $ 7 20® 7.25 Light mixed 7.30® 7 40 Medium mixed 7 40® 7 06 Heavywrights .......m..... . 7.05® 800 Ton 8.00 Bulk of sates 7.20® 7.40 Pig* 6.50® 7.00 Packing sows o.oo® 0.26 —cwtrt*— Fi'w choice steers 510.00® 11.60 Prime corn-fed steers. 1.000 to 1.800 lb* 9.00® 9.80 Good to ohoioe steers 1,000 to 1.100 lbe 8.50® 8.60 Good to choice steers. 1.000 to 1.500 lbs 7.50® 8.00 Good to chotce r.teers. 1,000 to 1.700 lbs 7.60® 8.00 Common to medium steers. 800 to 1,000 lbs 7.85® 7.50 —Cows and Heifers— Choice to light heifers $ 9 00® 10 00 Good lightweights 7.25® 900 Medium heifers 6.00® 7.25 Common cows Fair cows 6 00® 7.50 Cutters 2.76® 8.25 Conner* 2.25 0 3.75 --•Hull*Fancy butchsr bulls $ 5 00® 0.00 Good to choice butcher hulls. 6.00® 6.60 Bologna bulls ... 4.60® 6.00 —Calves— Choice veals .. $12.00® 12.50 Good veals 11.00® 12.00 Medium veals ... .... 7.00(310.00 Lightweight veals 7.50® 8.00 Common veals 7.00® 7.60 Common heavies 6.00 0 7.00 Top .... 12.60 —Sheep and Isunba— Extra choice lambs . SIO.OO ® IUSO Heavy lambs Cull lambs 5.00® 7.50 Good to chotce ewes 8.000/8.00 Culls 2.00® 3.00

Other Livestock By United Financial CHICAGO, Oct. 18.—Hog*—Receipts, 45,000, market 250 off: top, $7.75: bulk, $6.8007.60: heavyweights. $7.20®7.75; medium, [email protected]; light*. $6.7607.66; light lights, $6.25 07.25: heavy packing, smooth. $6.50 @6.75: packing sow*, rough, [email protected]; killing pig*. $5.50® 6 76. Cattle—Receipt*. 18,000; market slow; prospects 16c to 86c off: run la/er In arriving; killing quality reflects some Improvement: numerous grades good ohoioe yearling* and han dyweight hU**-* up; long yearling*. $10.60; some sl2; matured steers scarce: bulk fed stoer* and yearlings of quality and condlUon to sell at $10011; shf- stock declined. others slow; generally steady; bulk vealfws to packers. $11.26011.50; up tc $12.76 and above to outsiders; run Include*. 1.000 western grosser*. Sheep—Receipts. 14.000; market slow, lew early sales; fat native lamb* 280 off; no westerns sold: feeder* rtrong: sheep scarce, about steady: native fat iambs. $11; culls. $9; feeding lambs. $12.60013; native feeding ewes, $6.5006.76: western, $7.2507.75. EAST BUFFALO, Oct. 18.—Cattle—Receipt*. 475; market low and weak; shipping steers. $9.60011; butcher grades, $8 0 9: oows, $1.76 @5.50. Calves—Rereipts. 450: market active and steady: culls to choice, $3.50013.50. Sheet) and lambs— Receipts. 2.400; market lambs slow. 250 lower; choice lambs, sl3 013.25: culls to choice, $7.60012; yearlings, $7011; sheep, $308.50. Hogs—-Receipts. 4,800: market slow, 16c to 500 lower: yorkers, $7.5008: pigs, $7.60; mixed. $8: hesvlea, $808.10; roughs, $6 06.25; stags, $4 06. PITTSBURGH, Oct. 18—Cattle—Reeript* light; market slow; chotce, $9.35010; good, $8.60 0 9.15; fair. $6.50 07.40: veal calve*. sl3 @13.50. Sheep nad lamb*—Receipts light: market eteady; prime wethers, $7.7608; good. $707.50; fair mixed. $6.50 08.50; lambs. S9O 13.26. Hog*—Receipts. 40 double-decks: market lower; prime heavy, $7.9007.95; mediums, $7.6507.76: hcayv Yorkers, $7.65 07.75; light Yorker*. $6.7607; pigs, 56.2506 50; roughs. S6O 6.50; stags. $3.50 04. EAST ST. LOUIS. Oct. 18.—Cattle—Receipts, 3.500; market, steady; native beef steers. $8.25 012; yearling* and heifer*. $10.26 up; cows, #3.6004.50; eanners and cutters. s2@3: calves. $l2O 12.50. Hogs —Receipts, 14,000; market. 10015 c lower: heavy, $7.15 07.70; modlum, $7.3507.70: lights. $6.8507.50; lieht lights. $6,400 7.40; racking sows. $0.16 0 6.45; pigs, $6 @7: bulk, $7 07.40. Sheejp—Recelpi*. 1.000: market, steady: ewes. $3.6000.26: eanners and cutters. $103.60: wool lambs. $10.25012.50. CLEVELAND. Oct. 18.—Hogs—Receipts. 6.000; market 15 0 25c lower: Yorkers. $7.60; mixed, $7.0007.75: medium. $7.00 07.75; pig*. $7; roughs. $0.25: stags. $4.50. Cattle—Receipts. 000; market slow and dull, unchanged Sheep and lambs— Receipts, 1,000: market 25c lower: top, sl3. Calves—Receipts, 600; market 60c lower: top, sl3. CINCINNATI. Oct 18.—Cattle—Receipt*. 950; market dull and weak; skippers, S7O 9.50. Calves—Market 60a lower; extras, $10.60012.60. Hogs—Receipts, 7.000; market slow. 260 lower; rood or choice packers, $7.75. Sheep—Receipts. 500; market steady; extras, $4 @O. Lambs—Market weak; fair to good, $12.60013. In the Cotton Market By United Financial NEW YORK, Oct. 18.—The cotton market opened higher: October, 29.800, up 26 points; December, 29.08 c. vp 13 points: January, 28.50 c, up 2 points; March. 28.55 c, up 3 points. Raw Sugar Market By United Financial NEW YORK, Oct. 18 —The raw sugar market opened lower: October, 6.60 c bid: November, 6.6005.78 c: December, 5.180 5.19 c; March. [email protected]. Cloverseed Market Loial dealers are paying $7.60010 a bushel for cloverseed. v -

CITY IS HOST TO STATE TEACHERS (Continued From Page 1) president. Rev. F. S. C. Wicks, invocation; Inaugural address of Miss Huebner; violin solo, Stanley Archibald Terre Haute; address, "The Homeland of the Spirit,” Henry Turner Bailey, director of Art Instltue, Cleveland, O. Committee meetings will be held at the Claypool and Severin Hotels Friday morning and afternoon. At 2 p. m. Friday In Cadle Tabernacle the Teachers’ Chorus of Indianapolis, Ernest Hesser, director, will sing. "Menace of Migrating People" will to discussed by Edward A. Ross, University of Wisconsin. A speech by F’mer B. Bryan, Ohio State College, will bo followed by a business session. The East Chicago High School band will play at the general session at the tabernacle at 7:80 Friday evening. John F. Sinclair, American monetary commission, will speak on "America a,nd the Debts of Europe"; and Arthur Sterry Coggeshell, Pittsburgh, Pa., on “‘Turning Back the Clock Six Million Years.” “THE MODERN BOY OF 15" He’s Good on the Inside, Columbia Educator Declares. "A boy of 15 usually is bad on the outside and good on the inside,” Dr. Arthur D. Dean of Columbia University told the Vocational Education Section at the Claypool. He urged teachers to give the adolescent plenty of activity in his technical training, stressing household mechanics. “A person hardly more than an idiot could manage a high school college preparatory course, because it’s all been worked out on paper,” Dr. Dean said. “The requirements of a commercial, Industrial or agricultural life are not so easy.” J. 0. Wright, Federal board of vocational education, said that in the United States 90 per cent of persons between 14 and 20 years of age do not attend school. STATE GEOGRAPHER TALKS More Than *OO Instructors Gather at Shortridge Gymnasium More than 200 teachers attended the geography section meeting in the Shortridge gymnasium. Dr. 8. E. Vischer of Indiana University, describe--’ his travels in the South Sea Islands from which he returned about a year ago. Irvin Miller of Winfield, Ind., spoke on “Field Work in Geography.” Miss Allison E. Atchlnson of lowa State Teachers College spoke on "Teaching Geography in the Grades.” Her talk was similar In nature to the address of E. E. Ramsey, Indiana State school inspector, on "Teaching Geography in the High Schools.” A pictorial relief map was outlined for study by Prof. B. H. Bhockel of State Normal College. The section will hold a business meeting in gymnasium at 9 a. rh. Friday. SCIENCE 13 BIG ASBET Chemistry and Physics Aid Youth, Do Pauw Professor Says. Chemistry \nd physics are among the greatest assets tc the modern student In his business and cultural life. Prof. J. P. Nayjor of De Pauw University, declared before the chemistry and physics section at Manual High School auditorium. It was pointed out that students who neglect to take chemistry or physics seriously are apt to regret It later. “People today are thinking In terms of science and In order to understand the time a scientific education is necessary for the cultured person,” Naylor said. Prof. Sherman Darts of Indiana University also spoke. pfficers of the section: George Tole, Hartford City, president; Charles Dllts, Evansville, vice president, and Chester Amlck, Indianapolis, secretary. QUALIFIED REFEREES FAVORED Arthur J. Trenter Gives Address to County Superintendent*. Encouragement of high school athletics through the employment of qualified referees was urged today at a meeting of *ho county superintendents’ section of the State Teachers’ Association, held In the House of

AT AUCTION SALE The Highland Hereford Breeders Association Marfa, Texas Will offer at 10 a. m., Saturday, Oct. 20, at the Union Stock Yards, Indianapolis, Indiana, 3,000 high-grade Highland Hereford feeder calves and yearlings. In car lots, carefully selected, for uniformity of size, conformation and quality; approximately: 1,400 Steer Calves 800 Heifer Calves 500 Steer Yearlings 250 Heifer Yearlings A Selection to Suit Every Feeder Due to excellent range conditions and additional care in selection, the offering will be better tl)an ever before. Each animal has been vaccinated for blackleg, and carries a metal tag in the left ear with the word “Highland-23,” the Highland trade-mark. I Highland Hereford Breeders’ Association Marfa, Texas H. T. Fletcher, Cols. Reppert & Gartin, Secy, and SaJks Mgr. AuctioL -rs

Representatives chamber in the Statehouse today. Arthur L. Trester, secretary of the High School Athletic Association, said nothing would do more to Injure the reputation of a school than the use of unfair referees in interscholastic athletic contests. R. K. Deverlcks, director of the teachers’ training licensing division, spoke on the subject of exchanging certificates. Oscar H. Williams, State Inspector of teacher training; C. F. Mclntosh, member of the Federal board for vocational eduqatlon, and H. L. Smith, director of the State’s rural education experiment, were to speak. A meeting of city school superintendents was to have been held in the Senate chamber, but was called off. PUPILS ENTERTAIN 1,000 Five Hundred From City Schools Entertain at English’s. While 500 Indianapolis grade school children entertained about 1,000 teachers in a physical training exhibition ,at English’s Theater this morning, several thousand disappointed teachers were turned away. The program was under the general direction of Dr. W. A. Ocker, director it physical education and hygiene In Indianapolis schools. First grade kiddies from Schools Nos. 61 and 39 had a real time, as they played games on the stage, their baby voices piping the woods of songs such as “Farmer In the Dell,’’ “Two Little Blackbirds” and “Three O’clock In the Morning." The stage became a playhouse again as fifteen seventh and eighth grade girls of School No. 33, In red crepe paper costumes, were dragged In by boys, and then knees and arms stiff, danced a doll dance. Mrs. Ethel Gaatineau had charge. The program; Indian club drill, School No. 49; Dutch dance. School No. 34; primary activities. School No. 51; doll dance, School No. 33; primary activities, School No. 39; dumbbell drill. No. 18; poppy dance, No. 20; wand drill. No. 24; baseball drill. No. 9; dance. “Glowworm,” No. 66; march milltalre. No. 10; dance, “Varia,” No. 32. RURAL MUBIC TEACHING Instruction Methods I>emonstrated; Children Sing Own Songs. Teaching of music in a rural school was demonstrated to Indiana music instructors at Caleb Mills Hall, Shortridge High School, this morning by Charles Green, Danville. A group of pupils from 8 to 12 years old, sang "America” and several songs written by themselves. A concert by the Shortrldge High School' Orchestra and the Greencastle Girl’s Glee Club was well received. CONTESTS RECOMMENDED Amorlcan Business Men Reeogniie Ability of Native*. Commercial teachers discussed problems at the Athenaeum this morning. Prof. J. O. McKinney, Chicago University. said American businfws men are realizing the value of employing American accountants, where formerly they took thosa from England or Scotland. C. V. Haworth, Kokomo school superintendent, advised contests to encourage originality in commercial studies. C. E. Hostetler of Chicago discussed modern tendencies in com merclal education at the afternoon session. Reports of committees and eleotlon of officers were scheduled late today. “STANDARD COURSE" DISCREDIT Citizens Can’t Be Made by Hard and Fast Methods—Guild. "There Is a demand that our schools find a standardized course that will turn out good citizens, but It can’t be done that way,” said Prof. Frederick H. Guild, Indiana University, before the history section at Tomlinson Hall. His subject was "Citizenship and Teaching of Civics.” SIMPLICITY IN SPEECH British Woman Praise* Address of Lincoln. "Although I am a Britisher, I believe that the Gettysburg address of Lincoln, is the greatest speech ever made,” Miss Ada Ward, London. England. told English teachers at the section meeting in Meridian St. Methodist Church. She was discussing simplicity as the essential element In public speaking. "The Ten Commandments contain 819 words, 259 of which are monosyllables,’’ she said. Charles M. Curry of Indiana University, discussed “The Curse of the Irrelevant.” In teaching literature.

TkWm.H.BMCd. BITHEBASEMmIsrORET.BI Sale Friday Women’s and Misses ’ Dresses Special Sizes: Opt 16 to 20 36 to 44 |y§p 48 to 52 fifrf We Have > // \\ \ Assembled a Truly j! VT\ Remarkable LL—Uyfu Collection to Sell | [ \ at This Price '""'THa Dresses of the most tr wanted fabrics newest styles and novel trimmings. Many of these dresses are copies of dresses costing several times their sale price-dozens of them are high-class showroom samples.

Materials Include —Poriet Twills -All-Wool Jerseys —Satins —Crepe de Chines —Cantons —Costume Velvets

The Colors Are Blue, Brown, Buff and Black

The Styles Include —Coat Effects —Tiered Models —Pleated Styles —Flounces —Straightlines

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