Indiana daily times. [volume], October 11, 1921, Final Edition, Page 12, Image 12

About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922

Image provided by: Indiana State Library

                
12
DULL MARKET
NOT AFFECTED
BY FINANCES
Foreign Exchanges Marked by
Sharp Advance in
,• / Sterling.
CALL MONEY TIGHT
Special to Indiana Daily Times
and Philadelphia Public Ledger.
By MONITOR.
NEW YORK, Oct. 11.—Monday's stock
market was dull and practically with
out feature. None of tlie financial de
velopments had a direct bearing on sen
timent and for this reason had little or
no effect on prices. Call money allowed
a tightening tendency, and after renew
ing at 5 per cent was raised to C per
cent toward the close. Foreign ex
changes were marked by a sharp ad
vance in Sterling and a further rise in
francs and lire. The strength was at
tributed partly to covering by European
sellers who are thought to have over
anticipated their autumn requirements.
Steel stocks did not respond bull-
Ishly to the United States Steel Corpora
tion report on unfilled tonnage amount
ing to 28,114 tons. Toe gain was small,
and below expectations, but nevertheless,
it represents the first upward movement
in more than a year.
Stock market movements on the active
stocks were confined to a narrow range.
The oils, particularly the domestic is
sues, were steady to firm, influenced by
further advances in crude quotations and
a rise in tile price of refined products.
On the other hand, Mexican Petroleum
was under pressure, along with Atlantic
Gulf, Studebaker, Industrial' Alcohol.
Pierce-Arrow preferred and a few other
specialties were heavy. The rails were
without feature.—Copyright, 1021, by
Public Ledger Company.
WALL STREET GOSSIP.
By MONITOR.
Trading sentiment is sharply divided
Into two groups. Commission houses re
port a general tendency on the part of
their customers to sell certain classes of
stock short on rallies and to buy other
classes on days of weakness. In the for
mer case, the transaction is made fur a
temporary turn, and in the latter for a
semi-speculative investment.
On the stocks for which there is an
excellent demand on recessions, the cop
pers,-oils. some of the rails and a few
selected "industrials are the choice. For
selling on rallies for temporary turns the
steel and equipment issues are favored.
Without any very tangible reason many
houses are suggesting this operation.
A sharp cut of 20 points in the price
of refined sugar served to bring addi
tional selling into American Sugar com
mon. It has become generally accepted
that this company will issue either $25,-
000,000 or $30,000,000. presumably the lat
ter, amount of bonds, either late in the
present year or early next year. With
these additional obligations coming ahead
of the stock issues, traders are not op
timistic on American Sugar.
Studebaker earnings for the third quar
ter. which will lie made public very'
shortly, will show net returns of $5 a
share, according to usually well-informed
sources. If this figure is correct the com
pany will have earned during three quar
ters more than double the 7 per cent
annual dividend requirement.
Publication of the steel tonnage figures,
showing an increase of 28,744 tons of un
filled orders, was rather a disappointment
to the street. Semi-official estimate last
week had indicated an increase of ap
proximately 100,0<H) tons with the result
the official figures did not cause the en
thusiasm which might have been expected
from the first reported increase in 13
months. Total orders on hand as of Sept.
30 were 4,500,670 tons as compared with
4.531£*23 Aug. 31 and 10,374.804 on the
same date last year. There was a con
siderable falling off in new business
toward the end of the month and this
decline lias continued thus far into the
present month.
Another echo of the Alan A. Ryan
episode was heard when the plan of re
i organization of the Continental Candy
Company was made public. No provision
is made for the stock and consequently
it is assumed to be worthless. Creditors
holding claims of $4,500,000 are asked to
accept $500,000 of second preferred stock
and 20.000 shares of common stock of a
new corporation to operate tbe Chicago
plants. Finance and trading corporation
will provide $130,000 in cash receiving a
like amount of first preferred stoek and
5,200 shares of common. If the plan is
accepted, the finance and trading cor
poration will manage the affairs of the
company.
The domestic oil:' again were firm, buy
ing being helped by the announcement
of further advances in the price of Pennn
Crude. The Standard Oil Company of
New Jersey' also increased the price of
gasoline and kerosene one cent a gallon.
—Copyright, 1021, by Public Ledger Com
pany.
Weather
The following table shows the state of
the weather at 7 a. m., Oct. 11, as ob
served by United States Weather Bu
reaus : ,
Station. P.ar. Temp. Weather.
Indianapolis, Ind.. 29.87 45 - Cloudy
Atlanta. Ga 30.02 58 Cloudy
Amarilla, Texas.... 30.23 46 PtCldy
Bism.irck. N. It 30.42 26 Clear
Boston, Mass 20.02 58 Cloudy
Chicago. 11l 20 06 54 Rain
Cincinnati, 0hi0... 20.42 52 Cloudy
Cleveland. 0hi0.... 20 34 59 Cloudy
Denver, Colo 30.32 38 Clear
Dodge City, Kan... 30.40 40 PtCldy
Helena, Mont 30.28 36 Clear
Jacksonville, Fla... 30.02 66 Clear
Kansas City. M 0... 30,32 42 Clear
Louisville, Ky 30.00 52 Clear
Little Rock, Ark.. 30.10 61* Cloudy
Los Angeles, Cal... 29.04 58 Clear '
Mobile, Ala 30.06 60 Clear
New Orleans. La.. 30.06 68 Clear
New York, N. Y... 29.00 5$ Clear
Norfolk. Va 29.96 60 Clear
Oklahoma City.... 30.28 50 Clear
Omaha, Neb 30.34 36 Clear
Philadelphia, Pa... 29.94 60 Clear
Pittsburgh, 1’a.... 29.02 46 Cloudy
Portland. Ore 30.12 50 Cloudy
Rapid City, S. D... 30.46 30 Clear*
Roseburg, Ore 30.10 52 Cloudy
San Antonio, Texas 29.98 *VS Cloudy
San Francisco, Col. 30.04 56 PtCldy
St. Louis, Mo 30.16 44 Clear '
St. Paul, Minn 30.22 34 Clear
Tampa, Fla 30.02 70 Clear
Washington, D. C.. 29.92 56 Clear
WEATHER CONDITIONS.
Since Monday morning showers have
occurred again in the upper Mississippi
Valley and the lakes region, while
throughout the remainder of tile conntry
generally fair weather has continued. It
is colder from the Ohio and middle Mis
sissippi Valley northwestward, and con
siderably so over the northern plains re
gion, where the fall in temperature
amounts to 20 to 30 degrees, wtih freezing
weather reported generally. The main
highways over the Stute are reported
mostly fair to good.
J. H. ARMIXGTOX,
Meteorologist, Weather Bureau.
Boy’s Tonsils Held
Cause of Badness
DEFIANCE, Ohio, Oct. 11.—A surgical j
operation at the expense of Defiance ]
County is the unique sentence imposed
upon 12-year-old Willie Hauser of Ilicks
ville. by Probate J udgo C. W. Palmer.
When the lad was accused of stealing
an auto the judge, before deciding upon
the nature of the corrective measure to
be applied in the case, called in a phy
sician.
The doctor informed the judge that ab
normal tonsils and large adenoid growth;
had retarded the boy's physical and men
tal development.
Willie is now at his home in Hicks-
Tille under probation.
The court will await the effect of the
operation on .he youngster's character
, tirf ri taking further action.
Markets to Close
The New York and Chicago Boards
of Trade and Stock Exchanges will
lie closed tomorrow in observance of
Columbus Day. Live stock exehanr s
over the entire country, however, will
be in operation, according to early
advices. The local live market
will be open.
I J
N. Y. Stock Exchange
—Oct. 11.— Prev.
High Low Close Close
Allied Chemical 45% 45*4 45*4 45%
Ajax Rubber .. 22% 22 22 22%
AUis-Chaluiers .34 33% 33% 34
Am. Beet Sag... 20% 20% 20% 20%
Am. Bosch Milg. 34% 34% 3.4% 3,i
Am. Cotton Oil 30 19 39 38%
Am. Hide Lea. 30% 10% 30% 10%
Am. Drug 5% 5% 5% 4%
Am. In./Cor. .. 32% 32% 32% 52%
Am. Can 27% 20% 20% 27%
Am. Locomotive 89% 89% 89% 00
Am. .Smelt. &R. 38% 38% 58%
Am. Sugar Ref. 55 53% 54% 55%
A. Sums. T. Cos. 37% 36 36% 30%
Am. S. Found. 24% 24% 24% 24%
Am. Tel. & T. 308 307% I**7% 108
Am. Tobacco.. 125% 124% 125% 124
Am. W001en.... 74% 74*% 74% 75
At. Coast L.... 86 86 86 86
Anaconda M. Cos. 40% 40% 40% 40%
Atchison 86% 86% 86% 86%
At. G. & W. 1. 27% 26% 26% 2(5%
B. Loco 86% 86% 86% 86%
IJ. & 0 38 37 % 37% 38
Both. Steel (B) 54% 53% 5,4% 54%
California Pete 42% 41 41% 40-%
Can. Pac. Ry. .315% 113% 312% 313%
C. Motors 40 58% 40 30
C. & 0 55 54% 54% 55%
C. M. &S. Paul 25% 25 25% 25%
CM A St. P. pfd 30% 39% 29% 40%
C. & North. ... 69 68% r=B% 69
C. R. I. A Pac 33 32 - *s 52% 33
C. R I&P 6%pfd 67% 67% 67%
('h’.ii Copper ..42 ' 13% 11% 11%
Chino Copper... 25% 25% 25% 25%
Coca Cola 34% 34% 54% 35
Col. Fuel & 1... 24% 24% 24*'/ 24%
Columbia Gas... 61% 60% 61% 61%
'Columbia Grap. 3% 3% 3% 3%
Consolidat. Gas. 90 89% 89% 83%
Continental Cau 47 47 47
Cosden Oil 318% 29% 3(8% 29%
Corn Products.. 76% 76% 76% 70%
Crucible Steel.. 03 62% 63 63%
Cuban A. Sugar 11% 11% 11 % ....
Cuba Cane S 6% 6% 6% 0%
Del. A Lack.. 107 100% 100% 107
Endicott 04 63% 64 64
Erie 33% 33 13 13
; Erie Ist pfd... 18% 18% 18% is%
| Famous Play... 58% 57% 5.*% 38
Fisk Rubber Cos. 10% 10% 10% 10%
Gen. Asphalt.. 51% 53% 53% 53%
Gen. Electric.. 125 324% 125 125
Gen. Motors.... 10 9% 9% 9%
Goodrich 32 31% 31% ....
it. North, pfd. 73% 73% 73% 71
Gt. North. Ore 27% 27*.. 27% 27%
Gulf S. Steel .. 37% 37% 37% 37
Houston Oil 65% 63 65% 03
In. Copper .... 35% 35% 35% 35%
Indiahoma 3% 3% 3% 3%
Invincible Oil . 11% 11% 11% 12
Inter. Harvester 70% 76% 75% 70%
luter. Nickel . 14 14 14 14
Inter. Paper ... 48% 47% 47% 48%
I. O. A T 3% 3% 3% 3*4
K. C. South 25% 25% 25%. 25%
iK. Spring Tire 42% 41% 42% 41%
Ken. Copper .. 22% 21% 22% 21%
Lack. Steel 41 4040 41%
Lebigli Valley 56 55% 55% 56%
Lee Tire 28% 28% 28% 28%
Loews, Inc 43% 13% 13% - 13%
Loft Candy 9% 8% 8%
1,. A N 107 107 107 107 %
Marine pfd 47% 40 46 47%
Maryland 0i1... 23% 23 23 23
Mont. A Ward.. 18% 18% 18% 19
*.Mex. Pet 93% 9L*s 93 93%
Miami Copper .. 22% 22% 22% 22
Mid. States Oil. 13% 13 13% 13%
Midv. Steel .... 21% 23% 23% 24%
Missouri Pac pfd 43 41% 41 % 43
Missouri Pus pfd 43 41 % 41% 43
Nat. Eu. A Stp. 40*; 40 * 4040
Con. Copper 11% 14 14*4 11%
N. Y. Central... 73% 73% 73% 73" J
New Haven 11% 14 14%
Norfolk A W.... 95% 95% 95% 95%
North. Pacific.. 76% 75% 75% 70%
<>k. I*. Alts. Cos. 2% 2% , 2% 2%
Pacific Oil 40 38% 40 38%
l’an-Am. Petrol. 42 40% 41% 42%
Pena Ry 36% 36 36% 36%
People's Gas 51% 51 51 51%
Pierce Arrow... 11 10% ]i ]o%
Pierce Oil C 0... 7*4 7 7% 7
j Pittsburg Coal.. 59 50 59
iP. Steel Car 56% 56% 56% ....
i Pull. Pal. Car.. '.*4% 03 03 04%
Pure Oil 28% 27*4 28% 27%
Reading 71% 70% 71 71*4
Rep. I. A 5... 51-f* 51 51*4 52%
Replo. Steel.... 23% 23% 23
It. Dutch X. Y. 47 45% 47 45%
S-Roebuek 09 68 OS 09%
Sinclair 21% 21% 21% 21%
Stewart Warner 22% 22 22 % 21%
Sou. Pac. 70 ‘78% 78% 78%
Son. Ry 20% 10*4 20 20 ’
STLASW Ry. . 23*4 23 23 22%
Stand. Oil. N.J.151 1 !!• 150% 118%
Stand. Oil Cal... 79% 7*% 79% 784.
Strom berg Carb. 29% 29% 29% 29%
Studebaker .... 71 09% 7**;* 70%
St. L. AS. F... 23% 23 23 23%
Texas Cos 30 OS 39 38%
Toll. Product*.. 04% 62% 64% 62%
Trans. Oil 8% 8% B*. B*..
Union Oil 10% 19% 19% 19%
Union Pacific... 121% 121 121 121%
Unt. Ret. Stores 50% 49% 50% 59%
U. S. F. P. Corp. 12% 12% 12% 12%
United F. Cos. I**9 108% 100 108%
United Drug... 59 59 59 59
U. S. In. Alcohol 44% 44% 44% 44*4
U. S. Rubber... 49 48% 49 48%
U. S. Steel 79% 78% 79% 79%
U. S. Steel pfd. 110% 110% 110% ....
Utah Copper .. 53% 52% ;i3% 53
Vanadium Steel 31 % 30% 30*54 31
Wabash Ist pfd. 21% 21% 21% 22%
W. Maryland... 9% 9% 9% 9%
Wesths. Elec... 45 45 45 45
White Motors.. 35 35 35 35
Willys-Overland. 5% 5% 5% 5%
Wilson A C 0.... 34 36 34 84
White Oil 10% 10 10% i(|.%
West. Pac 21% 20% 20% 21%
NEW YORK LIBERTY BONDS.
—Oct. 11—
I'rev.
High. Low Close. close.
Liberty 3%s 80.88 80.70 80.80 80.80
Liberty Ist 4s 94.30
Liberty 2d 4s 92.10 92.68
Liberty Ist 4%5. 05.04 4)3.04 93.04 04.6**
Liberty 2d 4%5. 02.86 02.00 02.10 92.80
Liberty 3d 4%5. 05.10 04.30 94.30 95.18
Liberty 4th 4%5. 03.24 02.52 02.52 03.18
Victory 3%s 99.38 09.38
Victory 4%5... 00.40 00.34 09.38 00.40
MOTOR SEC’I RITIES.
(By Thomson A McKinnon.)
-Oct. 11—
--Closing—
Bid. Ask.
Briscoe 9 lo
Peerless 37 38%
Cont. Motors com 5 5%
Hupp com 10% 11%
Reo Motor Car 18% 18%
National Motors 2 5
I’aigc Motors 13 ...
In the Cotton Market j
NEW YORK. Oct. 11.—Considering the
weakness of cables, the cotton market
had a fairly steady opening _today, with
prices 2 to 25 points lower.
There was quite general, foreign sup
port, including Liverpool and Japanese,
while New Orleans and local shorts also
bought freely.
- The chief sellers early were Wall
street, the South and some of the local
traders.
At the end of fifteen minutes trading
the list was steady at a net loss of about
40 points.
New York opening cotton prices: Oc
tober, lit.lsc; December. 19.18 c; January,
18.85 c; February, 18.15 c; March, 18.75 c:
April, 18.47 c; May. 18.40 c: July, 18.05 c.
—COTTON FUTURES—
Open. High. Low. Close.
January 18.85 19.35 18.85 19.08
March 18.75 11.18 18.72 18.9;)
May 18.40 15.70 18.39 Is 48
July 18.05 18.30 18.00 18.00
October 19.15 19.45 19.15 19.33
December 19.19 19.67 19.13 19. 4)
LIVERPOOL. Oct. It.—Spot cotton was
quiet at the opening of the-market here
today. Prices were easier and sales close
to 8.000 bales.
American middlings fair, Ifi.Old; good
middlings, 14.21d; full middlings, 13.73d:
middling. 13.31d: low middlings, 12.16d;
good ordinary, 11. Old; ordinary,. 10.20d.
Futures were quiet at tbe openiug.
TOLEDO FEED TRICES.
TOLEDO, Oct. 11.—Cloverseed—Cash.
$12.75: October. $12.75: December, $12.90;
January, 13: March. sl3. Alsike—Cash,
$10.75; October. $10.75; December, $11:
March. 11.10. Timothy—l92o, cash. $2.65;
1921, cash. $2.75; October. $2.75: Januarv,
$2.90; February, $2.83; March, $3.
I STOCK MART TONE
AGAIN IRREGULAR
Low-Priced Oils Show Gains
—Rails Are Strong.
NEW YORK, Oct. 11.—The stock mar
ket showed an irregular tone at the be
ginning of i siness today.
Tbe Mexican oil issues were again in
supply, Mexican Petroleum dropping
over i point to 91%. while Pan-American
Petroleum broke 1% points to 41.
Studebaker was also heavily sold, de
clining from 70% to 69%.
I Some of the low-priced oil shares again
1 showed fractional advances. White Oil
moving up % of a point and Pacific Oil
% of a point.
United States Steel was % of a point
higher at 79% and Baldwin was un
changed at. 86%.
j The railroad shares were fractionally
higher.
Kelly Springfield Tire showed a gain
of % of a point at 42 and Tobacco Prod
ucts was % of a point higher at 02%.
After the decline in Mexican Petroleum,
Pan-American Petroleum and Studebaker,
the market developed a steadier tone and
stocks that were under pressure recov
ered a good part of the losses within a
short time.
Mexican Petroleum rallied over 1 point
to above 92 and Pan-American Petroleum
moved up to 41%.
Studebaker, which dropped *% of a
point to 69%, rallied to 70. Bethlehpin
Steel "B” was again prominent, being bf
fered on a large scale and declining 1%
points to 53%.
American Sugar declined 1% points to
53%.
(Ry Thomson A McKinnon)
-Oct. 11—
The volume of business on tbe stock
exchange continues moderate. Public
interest is verv limited with the excep
tion es the oil group of stocks. These
stocks continue to be the features of the
market. The' ftuying of these shares is
encouraged by the favorable turn in the
crude oil market and the advancing
prices, which, of course, add materially
to the revenue of the companies, as well
ns enhancing the value of the reserve
supplies. „ ,
The notable exceptions are Mexican
Petroleum and the l'an-Petroleum Issues.
In these stocks. liquidation appears at
frequent intervals and after every bulge.
The fiuctuations in Mexican Petroleum
are so erratic as to discourage trading
and therefore ! f there is any short in
terest it is probably confined to the pro
fessional element.
The news from the steel Industry is
entirely satisfactory. Those who were
nverlv optimistic may be disappointed
because of t)ie moderate Increase shown
in the steel tonnage, but the significance
is in the change that has occurred.
We have emerged from a long period
of decreasing business and have entered
tlie period of expansion. It may be small
today, but it may be large in a few
months from now.
The news from Washington is a little
better. They are making some progress
now on the tax bill.
This market may continue irregular
for a while, but we are of the opinion
that ultimately the move of importance
will be in an "upward direction.
TWENTY STOCKS AVERAGE.
NEW YORK, Oct. 11—Twenty indus
trial stocks Monday averaged 70.95, off
•jo per cent. Twenty active rails aver
ted 73.47, off .43 per cent.
Money and Exchange
Indianapolis bank clearings Tuesday
were s3,3Bo,**o*>, against $3,220,000 for j
Monday 'of tbe week before.
NEW YORK, Oct. 11.-Foreign ex- (
change opened weak today, with demand |
Sterling % cents lower at $3.85. Francs
yielded 3 "centimes to 7.32%c for rubles
and 7.31%c for checks. Lire 7 points i
lower with cables at 3.98 c and checks
3.97 c. Belgians, 3 centimes lower with
cables 7.19 c and checks 7.18 c. Marks
rose 1% points to .0082%e. Guilder
. able* were 33.19 c; checks, 33.98 c. Swedish
kronen cables were 22.5(*e; checks, 22.45 c.
ACTIVE OIL STOCKS.
* (By Thomson A McKinnon)
—Oct. 11—
—Opening-
Bid. Ask.
Anglo-American Oil 16% 17
Atlantic Lobos 8% 9%
Borne-Scry ui so r 325 350
Buckeye Pipe Line 80 82
Chesebrough Mfg. Cons 145 150
Continental Oil. Colorado ....108 111
Cosden Oil and Gas 5 6
Crescent Pipe Line 27 29
Cumberland Pipe Line 122 127
Elk Basin Pete 6 8
Eureka Pipe Line 77 80
Galena-Signal Oil, pref 84 88
Galena-Signal Oil, com 42 4*l
Illinois Pipe Line 160 KB
Indiana Pipe Ll*S 80 83
Merrit Oil 8V 8%
Midwest Oil 2% 3
Midwest Rfg. ....' 140 150
National Transit 27 28
i New York Transit .. 148 152
Northern Pipe Line 86 89
Ohio Oil 165 270
Oklahoma P. A R 4% 4%
Penn.-Mex 18% 20
Prairie Oil and Gas ~..,....515 525
Prairie Pipe Line 198 200
Sapulpa Rcfg 3% 3%
Solar Refining 350 370
Southern Pipe Line 77 82
Snnth Penn. Oil 187 191
Southwest Penn Pipe Lines.. S3 57
Standard Oil Cos. of Ind 74% 74%
Standard Oil Cos. of Kan 509 575
Standard Oil Cos. of Ky 390 400
Standard Oil Cos. of Neb 148 155
Standard Oil Cos. of N. Y 325 329
Standard Oil Cos. of 0hi0....380 390
Swan A Finch 30 35
Vacuum Oil .*...270 280
Washington Oil 30 35
NEW YORK ( t Bit.
(By Thomson A McKinnon.)
—Oct. 11—
—Closing-
Bid. Ask.
Curtis Aero com 1 3
Curtis Aero pfd 10 16
First National Copper 85 100
Goldfield Con. 5 7
Havana Tobacco 1 1%
Havana Tobacco pfd 4 6 *
Martin Perry 1 1%
.1 mu 1.0 Extension 3 5
International Petroleum 15% 15%
Nipissing 5 5%
Standard Motors 3% 4*4
Sinclair Gulf Oil 12 12%
Salt Creek 1% 1%
Tonopah Extension 1% 1%
Tonopah Mining 1% 15-16
United P S new 1% 1%
U. S. I.igbt and Heat 1% 1%
World Filin 5 15
Yukon Gold Mine Cos 1% 1%
Jerome 15 20
New Cornelia 13 15
United Verde 26 28
Sequoyah 5 10
Omar Oil 90 98
Rep. Tire 17 25
Acme l‘kg 1 11-10
Texas Chief 7% 10
Imp. Oil ! 8 8
CHICAGO PRODUCE.
CHICAGO, Oct. 11.—Butter—Receipts,
10.000 tubs; creamery, extras. 45c; firsts,
34 % % 44c ; packing stock, 23@24e. Eggs—
Receipts. 7,000 cases: current receipts, 39
(a .-49c; ordinary firsts, 37(*(39c: firsts, 40
(a; 43c; checks, 23®25c: dirties, 25@27c.
Cheese—Twins, new. 19%®20c; daisies,
205*20% o; young Americas, 20®20%ce
Longhuriis, 20/g : 29%c; brick, 19Vi@t9%c.
Live poultry—Turkeys, 39c ; cbicgeiu, 19c;
springs, 20c; roosters, 14c; geese, 20e;
ducks, 22r<t24c\ Potatoes—Receipts, 60
cars; Dakota whites, $!.90@2 per 150-lb
bag; Red Rivers and Ohio, $1.85@2.
CLEVELAND PRODUCE.
CLEVELAND, Oct. 10— Butter—Extra
in tubs, 51 %(52c; prints, 52%®53e; ex
tra firsts, 50% Stole: firsts, 49%®‘50e: sec
onds, 49%% IK': packing stocks, 23%®
25%c. Eggs—Fresh gathered northern
extras, 50c; extra firsts, 49c; Ohio firsts,
new case's, 45c: old eases, 44c: western
firsts, new cases, 42c. Poultry—Live
heavy fowls, 21®2Ge: light fowls, 18%
20c; roosters, ise, springs, light, 20c; live
spring ducks, 21%25c. Potatoes—Jersey,
$3.50 per sack of 150 pounds. Sweet po
tatoes, $4®4.25 per barrel; $1.75 per ham
per.
WHOLESALE BEEP PRICES.
Tbe following are today’s wholesale
prices for beef cuts as sold by the Indi
anapolis markets of Swift A Cos.:
Ribs—No. 2,22 c; No. 3,19 c. Loins—
No. 2,20 c; No. 3,16 c. Rounds—No. 2,
17c: No. 3,14 c. Chucks—No. 2,9 c; No.
3. Bc, Plates—No. 2, 9cj No, 2, Bc.
INDIANA DAILY TIMES, TUESDAY, OCTOBER 11, 1921.
/. iVew York Bonds 5.
(By Fletcher American Cos.)
FOREIGN GOVERNMENT BONDS.
—Oct. 11.—
Bid Ask
Arg. (Unlisted) 5s Sept. 1, ’45 .65 % 66%
Belgian 6s Jan. 1, ’25 95 95%
Belgian 7%sMune 1. ’45 100% 101
Belgian 8s Feb. 1, ’4l .100% 109%
Berne 8s Nov. 1, '45 101 101%
I Chile 8s Feb. 1, ’4l 98 98%
| Chinese (Huk. Ry.) 5s J’une, ’sl 47% 48
Christiania 8s Oct. 1, '45.... 100% 101%
Copenhagen 5%s July 1, ’44.. 80 - 80%
Danish Mun 8s Feb. 1, ’46.. 102 192%
Denmark 8s Oct. 15, ’45 103 103%
•Canadian 5%s Dec. 1, ’22.... 89% 90%
•Canadian 5%s Nov. 1, ’23.... 88 % 89%
•Canadian 5%s Nov. 1, ’24.... 87% 88%
•Canadian 5s Dec. 1, ’25 85% 87
Canaditn 5s Apr. 1, ’26 93% 94%
•Canadinn 5%s Dec. 1. ’27.. 87% 88%
Canadian 5%s Aug. 1, '29.... 94 % 95
Canadian 5s Apr. 1, '3l 92% 93
•Canadian 5s Oct. 1, ’3l 83% 84%
•Canadian 5%s Nov. 1, '33.... 87% 89
•Canadian 5%s Nov. 1, '34.. 85 % 86
Canadian 5s Mch. 1, ’37 89 89%
•Canadian 5%s Dec. 1. ’37.... 89% 90%
•French (Vic.) 5s Opt., ’31.... 57 58%
•French 4s Opt., ’43 47 48%
! ’French (Pretn.) 5s Issue '2O . 67 08%
•French 6s Opt., '3l 60% tt'SK
French 8s Sept. 15, ’ls 99*4 99%
•Italian (Treas.) 5s Apr. 1, ’25 37 % 39%
•Italian (War) 5s 39 31%
Jap (Ist) 4%s Feb. 15, ’25.. 84 % 85%
Jap (2d) 4%s July 10, ’25.... 84 % 85%
Jap 4s Jan. 1, 31 69 69%
Norway 8s Oct. 1, ’4O 105% 106
Kussinn 6%g June 18, ’19..., 14 16
Russian 5%s Dec. 1. ’2l 13% 15
•Russian 5%s Feb. 14. '26.... 3 6
Sao Paulo 8s Jan. 1, ’3O. 96% 97%
Swedish 6s June 15, '39 87 87%
Swiss 5%s Aug. 1, '29 89% 90
Swiss 8s July 1, '40..........100% 107
V. K. 5%s Noe. 1, ’22...) 98% 88%
U. K. 5%s Aug. 1, '29 I*o 91
I'. K. 5%s Fel 1, ’37 89% 89%
•U. K. (Vic.* 4s Issue ’l9. ...290 303
•U. K. (W. I >an) 5s Oct. 1. '22 385 397
•U. K. (W. I . . 5s Feb 1, ’29 375 387
Zurich 8s Oe'. 1.0, '45 101 102
Brazil 8s 99% 99%
French 7%s . 94 94%
Urguary 8s 98% 98%
Argentine 7s 99% 99%
•Internal loans.
CORPORATION BONDS.
Bid. Ask
Alum. Cos. of Am. 7s, Nov., '25. 90 99* ■
Am. Cot. 011 6s. Sept. 2, '24 90% 90%
Am. Tel. 6s, Oct., ’22 99 % 99%
Am. Tel. 6s, Fel*., '24 98% 987s
Am. Thread 6s, Dec., '2B 97% 98
Am. Tob. 7s, Nov., ’22 100% 101
Am. Tot;. 7s, Nov., ’23 101% 101%
Anaconda 6s, Jan., ’29 90% 91%
Anaconda 7s, Jan. '29 95% 95%
Anglo-Am. Oil 7%5. April, '25.101% 102%
Armour 7s, July 15, '3O 99% 100%
At. Ref. 6%5, March, '3l I**2% 103%
Bell Tel.C'an. 7s, April, '25... 98 98%
Beth. Steel 7s, July 15, '22 100% 100%
Betti. Steel 7s, July 15, '23 98% 98%
Can. Pacific 6s, March 2, '24... 98% 98%
Cent.Arg.Ry. 6s. Feb. '27.... 85% 86%
C., R. 1. &P. 6s, Feb., *22.... 99% 99%
Con Gas Ba, Dec., '2l 100 100'/*
Copper Exp. Bs, Feb. 15, '22.100% 101
Copper Exp. Bs. Feb. 15, '23.100% I**l%
Copper Kxp. Bs, Feb. 15, 24.101% 101%
Copper Kxp. Bs, Feb. 15, '25.102 102%
Cudahy 7s, July 15, '23 1)0*% 10“
Fed. Sugar 60s, Nov., '24 96% 96%
Goodrich 7s, April, ’25. 91% 95%
Gulf Oil Cs, July, ’23 96% 98%
Gulf Oil 7s. Feb., ’33 99% 99%
Hocking Valley tis. March, *24. 95% 96%
Humble Oil 7s, March 15, '23. 97% 98%
Int. R. T. 7s, Sept., "21 76 78
K. C. Ter. 6s, Nov. 15, '23 98% 98%
Kenn. Copper 7s, Keif., *30..., lei l * 90%
Laclede Gas 7s, Jan., ’29 1*3% 91%
Lig. & Myers 6*. Dec., ’21....100 100%
Proctor A G. 7s. March. ’22 I<.*% 100%
Proctor & <4. 7s. March, ’23...100% 101
l’ub. Sor. N. J. 7s, March, "22. 96 96%
R. J. Reynolds 6s. Aug. ’22.100% 100 5
: Senrg-Rcebu. k 7s, Oct. 15, ’2l. 99% 10***,
Soars-Roebuck 7s, Oct. 15, ’22. 98% 99%
SenrVßoebuck 7s'. Oct. 15, ’23. 97% 98%
j Sinclair 7%5, .May 15, ’25 93% 95%
I Solvny A Cle Bs, Oct., ’27 99% Its)**
Southern Ry. 6s. March, ’22.. 98% 99
S. Bell Tel. 7s, April, ’25.. 94% 98%
I Stand. O. (Cat.) 7s, Jan.. ’31.104% 105
Stand.O.(N Y). 7s. Jan., •25-’31.102% 107
St. Paul U D 5%5, Dec. 15, ’23. 97% 98%
Swift 7s. Oct. 15, ’25 99% 100%
Texas Cos. 7s, March 1, ’23...100% 100%
Utah Sec. 6a, Sept. 15, ’22. .. 92 % 95%
Waltham Watch Cs, Aug., ’24.. 87 92
West. Elec. 7s. April ’25 100% 101%
Westlnghouge 7s. May, ’31.... 102 % 103%
Local Stock Exchange
—Oct. 11-
STOCKS.
Bid. Ask.
Ind. Ry. A Light com 60
Ind. Ry. A Light pfd 75
Indpls. A S. E. pfd 75
Indpls. A N. W. pfd 75
Indpls. St. Ky 37 41
T. H., I. A L pfd 50
T. H., I. & E. pfd 15
T. H., I. A E. com 5
U. T. of Ind. coin 1
U. T. of Ind. Ist pfd 7
U. T. of Ind. 2d pfd 2
Advance-umley com ...
Advance-It u uiley pfd
Am. Central Life "...
Am. Creosotlng pfd 91% ...
•Belt. R. It. com 54 64
•Belt It. It. pfd 42% ...
Century Bldg. Cos. pfd 91
Citizens Gas Cos 22
Dodge Mfg. Cos. pfd 85
Home Brewing 52 ...
Ind. Hotel com 50
Ind. Hotel pfd 93
Ind. Nat. Lire Ins. Cos 3% ...
•Ind. Title Guarantry Cos 50
Ind. Pipe Lines 80 82%
Indpls. Abattoir pfd 40 50
Indpls. (las 41 49
Indpls. Tel. Cos. com 2 ...
Indpls. Tel. Cos. pfd 90 ...
Mer. Pub. Util, pfd 41 51
Nat. Motor Car Cos 4 5
Pub. Sav. Ins. Cos 4% ...
Raub Fertilizer pfd 40 ...
Stand. Oil of Indiana 73 75
Sterling Fire Ins. Cos 73 75
Van Camp Ildw. pfd 91 101
Van Camp Prod. Ist pfd 101
Van Camp Prod. 2d pfd
Vandrlin Coal Cos. com 5
Vandalia Coal Cos. pfd 5 9
Wabash Ry. com ...
Wabash Ity. pfd 21% 23
BONDS.
Broad Ripple 5s 50
Citizens St. Ry. 5s to 69
Indian Creek Coal A Mine..'... 10**
Ind. Coke A Gas 6s 90%
Indpls. C. A South 5s 88 ...
Indpls. A Martinsville 5 ... 50
Indpls. Northern 5s 30 41%
Indpls. A N. W. 5s 50 57
Indpls. A 8. E. 5s 45
Indpls. St. Ry. is 48 58
Indpls. T. A T. 5s 08 74
Ind. Coke and Gas 6s 92
T. H.. I. A E. f J 46
U. T. of Ind. *is 48% 52%
Citizens Gas Cos. os.. 73% 80
Indpls. Gas 5s 72% 80
Kokomo, M. A W. 5s 77 ...
Ind. Hotel Cos. 2d 6s 93% ...
Indpls. Light A Heat 5s 75 80
Indpls. Water 4%s 67 74
Indpls. Water 5s 88% 91
Mch. H. & L. 5a 89 96
New Tel. Ist 65... 94
New Tel. L. D. 55.. 93% ...
Sou. Ind. Power 5s 1 93%
•Ex-dlvldend.
Local Curb Market
(By Newton Todd.)
—Oct. 11-
Bid Ask
American Hominy com 16
Brazil Sterling 4% 37% 38%
Burdick Tire and Rubber... 1 -I %
Central and Coast Oil 1% 4
Choate Oil Coru- i 1%
Columbian Fire In*. Cfi 6 7%
Comet Auto 1% 2%
Dayton Rubbe* Butt* 61 70
Duesenberg Motor com J** ...
Elgin Motor Car 3% 5
Federal Fin. Cos. pfd 123 131
Fed. Fin. Cos. com 123 133
Gt. Sou. P. A R. Units 5% 6%
Haynes Motor com 118
Hurßt A Cos., pfd 42 62
Hurst A Cos., com 1 1%
Indiana National ank 260 270
Indiana Rural Credits 49 62
Indpls. Securities pro 1% 2%
Metro, 5-50 c Stores com 28 33
Metro 5150 c Stores pfd 45 03
Revere Motors % %
Rauch A Long units 45 53
Rub-Tex Units 16 19
State Savings A Trust C 0.... 89 93
Stevens-Duryea Units 53 62
U. S. Automotive Units 100 luO
U. S. Mtg. Cos, Units IC3 173
FLOUR AND MEAL.
E-Z bake baker*’ flour In 98-lb. cot*
tou bag* $ 8.80
San mm-lth fi&ttoa
SWINE VALUES
25 CENTS LOWER
Bulk cf Good Hogs Sell at
$8.65 —Cattle Are Lower.
RANGE OF HOG PRICES.
Good Good Good
Oct. Mixed, Heavy. Light.
5. $8.75 $8.73 SS.7R
6. 8.50 5.30 8.30
7. S.3o@ *.CO 8.30® S.C3 S.3o® 8.80
8. 8.85 8.85 ® 8.95 8.85
10. 8.90 8.90® 9.00 8.90
11. 8.65 8.65® 8.75 8.65
With receipts large at around 12.030
swine, prices were 25c lower in trade on
the local live stock exchange today.
Practically all good swine sold at $8.05,
while there was a top of $8.75 on some
extra fancy heavies.
There was a continuation of the good
demand for pigs, which sold at the price
of the loads and down to SB. Roughs
brought so.oo<in(7, with the bulk around
$0.75*1/ 7.
Both packers and shippers displayed a
good demand and at a late hour in the
forenoon it was estimated that practically
all of the hogs on sale would be sold
before the close of the market.
Local packers bought around 5,000 of
the receipts, Kingan A Cos. taking 3.000.
Receipts in cattle were large, and this,
connected with the flooded condition of
the western markets, caused a dull tone
to trade. Prices were barely steady in
a few Instances, lint were generally
25@50c lower on steers, 25c lower on heif
ers and cows and barely steady on bulls
There were close to 1,000 cattle on the
market and a large part of the receipts
came from other markets, principally
from Louisville.
Good calves were steady anil other
grades 50c lower, with 600 on the mar
ket, and only a fair demand displayed
for the poorer grades.
However, the top of sl3 of the market
of the previous day was maintained.
There were 500 sheep and lambs on !ho
market and prices were steady. Choice
ewe and wether lambs again brought
$8.25.
HOGS.
Best light hogs, 100 to 200
IDs. average $ 8.65
Over 300 lbs .s.s:<ji. S 75
200 to 300 Ills O.OUfe 7.0*
Sows 6 0 I*,/ 7.*4)
Stags 5.0 9t 6.50
Best pigs, under 14* lbs. ... 8 0 Ifq. 5.65
Top 5 .75
Bulk of sales 875
CATTLE.
Prime cornfed steers, 1.300
to I,Bo*l 7.25(0 8.50
Good to choice kteers 1,200 to
1,300 lb* 7.25® 8 ■ •
Good to choice steers, 1,000 to
1,200 lbs C.5*% CSO
Good to choice steers. 1,000 10
1.100 11/s s.si)*i/, 6.25
Common to medium iteer.i
800 to 1,000 lbs 5.00*0 5.50
—Heifers and Cows—
Good lo choice heifers 7.00*;( 80 *
Medium heifers 3.50 0 0.2 ■
Common to good licilers .... 4 00',/ 6
Good to choice cows 3.25f/£ 4.5'.)
Fair to medium cows 2.00® 3.00
Cutters 1.75® 2.75
Cam/era 75® 2.12
—Buits—
Good to choice butcher bulls. 4 50® 5.00
Bologna bulls 3 50® 4.75
Light bologna bulls 3.00 j 3.75
Light to comm 01 bulls 3.00 .. .
—Calves—
Choice veals 11.5' 0 12 V
Good veals 9.0;n0. 10 ,U 1
Medium veals 701(0 *SO
Lightweight Veals 4.5 (0 6.01
Common heavyweight v-us.. 4.04 ,4 5.00
—Stockers and Feeuers —
Good to choice steers, unde"
800 lb* 5.00® 6 00
Medium cows 2.00% 3 ill)
Good cows 3.09(1/ 400
Good heifers 5.50® 7.00
Medi-iiu to goad heifers 4 Oo'ii 5.00
SHEEP AND LAMBS.
Ewes ... 2.00® 3.5*1
Burks 1 s*l® 2.-'4*
Choice ewes and wether lambs V.-juat 8 2"'
Seconds 6.50*// 7..5**
Buck lambs 4.00® 5.00
Other Livestock
CHICAGO. Oct. 11.—Hogs—Receipts,
26.000; market, steady; bulk of silc*.
$7.50®8.90; top, .'.*, hi-aii \ s.s.U*,Y* *..*;
mediums. s.v6s*)i9: light-. $* 2.11-,/ * :i,5 ; !
light lights. s*ls'o*.7o; heavy pokin';,
Sows, smooth. $7.35*0.7 *5: parking sows,
rough, $7*07.50: pigs. $7.7, 0* .0. Cattle’
Receipts. 12.000; mark t. steady to
weak; beef steer*, choir., and prime, $8.75
®ll; medium and I, s*'o9.>s: gond
end choice. $8 *s*// 11 25; cnuiuiou and 111 ■• -
slum. $4.50*08*5; butcher rattle, heifers.
$3 85*0,9.50; cows, $.''.504/7.50; bulls. $5.25
*q.0.25; caninrs and cutters, cows and
lndfers, $2.69(0 3.50; eaninrs and cutter.;,
$3®3.50. veals, $7.50®11; feeder steers.
$4.75*0075; Stocker str rs, f 3.75*0 6 0*;
Stocker cows nnd h iters, $3.25 0 4.75.
Sheep and lambsa-K.-eeipts, 25.00 ti; mar
ket, killing classes 25 higher and 1 'eilers
firm: lambs. SB6/9.50; culls and cunimns,
$5.2.5*0 7.75; yearling wethers, ; 5.50(0 7.50:
ewes, $36(5.25; common and cull five,
81**5*0.2.75: breeding ewes, $5.50 0,0.50,
feeder iambs, $6.75(0 7.73.
CINCINNATI, net. it. Hog*—R„i dpts
■1,300; market, steady to 25 cents higher;
all grades good su in', so 25; pigs, .**,25:
roughs, $7.50; stags, $6(06.25. Cattle -1
Receipts. 400; market, slow steady; bulls, ,
slow ; calves, $12®12.50. Sheep and lambs !
Receipts, 800; market, strong; twes. ;
$1(03.50; choice lambs, $9.50; seconds.
s7**/7.50; culls, $1*0.5,
CLEVELAND, Or'. 11.-Hogs—Receipts ■
2.o*k>; market, 10 to 1.5 rents higher;
Yorkers, $9.25; mixed. $9 25; mediums. 1
$9.25; pigs, $9.25; roughs, $7.50; stag*, ,
$5.50. Cattle—Receipts, 1.5 t; market,,
steady. Sheep and lambs—-Receipts. 1,500; i
market, steady lo 25 cents lower; top. I
$9.25. Calves- Receipts, 2O0; market, 30
cents lower; top, sl4.
EAST ST. LOUIS, (let 11 Hogs-Re
ceipts, 12.500; market fifnlOc low r : mixed
and butchers. $8.60*0,*..*5; g0.,/I heavies.
$8.65*0X.85; roughs. $5,509/7: pigs, s*.so*o.
8.75; bulk of sales. $8.60® *.*o. Cattle
Receipts. 5,000; market steady; native
-beef steers, $9.50*0 11.25; yearling steers
and heifers. SB6/9.50; c'nws. $3(05.50:
stockers and feeders, $36(5.75; calves,
$10*011; runners and cullers, $26/3.25. I
Sheep and lambs Receipts, 3,000: mar
ket steady: mu(tn ewes, s4*o 4.50; lambs, j
SB6/8.50; can iters and choppers, $16(2.25. |
I'ITTSBI RGll, Oct. 1! —Hogs Re- j
celpts, 2,500; market. P) cents lower;'
prime heavies, $‘.*.256/9.40; mediums, ■
$9.506i 9.00; heavy yorkors, $9.506< 9.60; j
pigs, $9,506(9.00; roughs, 80.75(0,5; stags,
s4@s ; heavy, mixed. $9.25(0,9.50. Cattle — j
Receipts, less than 100; market, steady;!
veal calves, $11; heavy and thill calves, j
$56/8. Sheep and lambs —Receipts, .51*1*;
market, steady: prime wethers, $5.10(0
5.25; good mixed. $1,306*5; fair mixed.
$3.506/4.25: culls and commons, sl®2;
lambs, $9.50 down.
WHOLESALE FEED I’RICES.
Ton. Cwt.
Acme bran $21.5*) sl.lO
Acme feed 21.50 1.10
Acme tnidds 21.50 1.25
Acme dairy feed...' 21.75 2.15
E-Z dairy feed 31.75 1.65
Atmie H. A M 31.00 1.60
C. O. A B. chop 24.25 1.30
Acme stock feed 24.25 1.30
Acme farm feed 27.30 1.45
Cracked corn 28.50 1.45
Acme chick feed 38.00 2.00
Acme scratch 35.00 1.80
E-Z scratch 31.50 1.80
Acme dry mash 41.00 2.15
Acme hog., fet|d 39.00 2.00
Ground barley 36.50 1.90
Ground oats SO,OO 1.60
Homlick white 27.25 1.40
Rolled barley 36.50 1 99
Alfalfa mol 32.00 1.65
Cottonseed meal 58.00 £.75
INDIANAPOLIS PROD! CPS.
Butter —Local dealers are paying 42®
43c per lb for butter delivered in In
dianapolis.
Eggs—Loss off, 40<S'41c. Butler—Pack
ing stock, 186j!19e. Poultry—Fowls. 16®
23c; springers. 18®25c; cocks, 106/ 12c:
young hen turkeys, 8 ids. up. 35c; young
tom turkeys, 12 ibs. up. 35c; old tom
turkeys, 25c; cull thin turkeys not
wanted: ducks, 4 lbs. and up, 176/ 18c;
spring ducks, 3 lbs. and up, 176 c 18c;
geese 10 lbs. and up, 10® 12c; squabs, 11
lbs. to the dozen, $4.50.
Butterfat — Loeal dealers are paying 40c
per pound for buttertat delivered in In
dianapolis.
PRISONERS CRUCIFIED.
GENEVA, Oct. 11. —Twelve Fascist! who
were captured in an anti-sedition conflict
at Sarzana were takeu into the forest
by their captors and crucified on tin:
trees.
Indiana’s Oat and Barley
Crops Poorest on Record
Corn in Better Condition Now Than Earlier
in the Season .
This* year's oat and barley crops
probably were the poorest ever pro
duced in the State, both In point of
quantity nnd quality, according to the
report of the cooperative crop reporting
service for Indiana, issued today. The
corn condition, however, is much im
proved over earlier reports and is more
even throughout the State than at any
time since the crop was planted. The
report follows:
"The condition of corn generally was
more even throughout the State on the
first of October than at auy time since
planting. The average condition was B*l
per cent of normal and indicates a pro
duction of 1611,711,000 bushels, compared
with 163,620,000 bushels shown for Sep
tember and 184,072,000 bushels harvested
last year. While the month as a whole
was favorable to ripening and harvesting
the earn crop, considerable damage was
dene by wind and rain. Ear worms are
very numerous and damage from this
■source will amount to fully 5 per cent.
Ghineh lings also have done some damage.
SPRING WHEAT
YIELD BETTER.
"Tbe average yield of spring wheat in
Indiana was one bushel/ greater than
winter wheqt being thirteen bustifiis per
acre, which indicates a production of 52,-
o**4 bushels," compared with 40.000 bushels
shown for September anil 140,000 bushels
harvested last year. The quality is 82
per cent of a high medium grade.
"On the tirst of October there- was
7.272,000 bushels of wheat remaining on
Indiana farms, of which nearly 3,000,000
bushels will be used for seed.
"Tbe average yield of oats ni the State
was ony 24 bushels per acre and is one
"f the lowest yields ever harvested. **n
this figure r. production of 45,000,000
bushels is indicated, compared with 45,-
67.i,(**ii bushels shown for September and
76.87.1,000 bushels harvested last yenr. In
point of feed value the crop is one of the
poorest ever produced, the quality being
only 74 p. r cent of a high medium grade.
" t be average yield of barley for this
State was nineteen bushels per acre,
which is one of the lowest yields ever
harvest.d. On this figure a production
of 1.311.000 bushels is indicated, compared
with 1.337,000 bushels shown for Septem
ber and 2.025,0**0 bushels harvested last
year. The quality is 75 per cent of a
high medium grade.
• The condition of the State's buckwheat
crop 011 Oct. 1 was 84 per cent of nor
mal, indicating a production of 160,090
GRAIN PRICES
SHOW ADVANCES
i _ "
Receipts Are Small and the
Demand Good.
riilt'AGO. Oct. 11.—Grain prices ad
vened on the Chicago Board of Trade
today. There was not .1 large amount of
1 wit it for sale, but there was consid
erable Imying f,.r cast/ interests.
Provisions were irregular,
in l, mber wheat opened up tc at $1.12
and advanced l%r later. May wheat
opotied at $1.16% ami later gained l%e.
December corn, after opening (iff l%r
at ti'vi-.e, gained %c. May corn opened
|ot 52 s,<, off le. and later regained %c.
December oats opened down %e at
gaining *•,<■ later. May oats opened
i off %to.%c and advanced %c iu later
trading.
(By Thomson A McKinnon )
—Oct. 11—
Wheat Strength in wheat today was
principally an evening-up process, pend
ing tin* holdiay, induced probably by a
belief that the reserves of wheat soon
t" 1/e estimated by the Government will
stiow smaller than previous years. Kan
sas State report shows 66 per cent mar
keted. against 4i* per cent last year, and
South Dakota 55 per cent, against 40 per
cent last tear. Prices have also had the
help of material strength in Winnipeg.
October delivery, despite receipts of 1500
cars. It is said that Japan has been
! buying low grade Canadian wheat for
j two of three weeks. Beyond this state
ment there is no evidence of any Impor
tant foreign taking of Canadian wheat.
'I lie Pacific const reports heavy accept
. aim sos over night offerings. Milling
demand at ttm various terminal markets
1* rather k"en for the good grades, which
are sparingly offered. It is possible that
a reaction of some 7c lias rectified In
j consistencies in the market, and. inas
much as there has been no important im
i 1 rod merit in the export trade, it follows
that we have had advance enough for the
; moment. <>n the other hand, it must be
: kept in mind that the Government esti
mate of r. serves due on Thursday next
probably will show comparatively small
j reserves.
('•ro and Oats—A slight falling off in
; receipts of corn, reappearance of foreign
i demand, Holland having taken 400,000
bushels, and the strength in wheat have
strengthened this market. Cash interests
I have been moderate buyers, but the bulk
: of tile demand came from former sellers.
1 One point in South Dakota claims that
oar onrn is selling at $6 a ton, whereas
coal is sl2 to $lB. It is argued that corn
, makes the cheaper fuel. A further falling
I off in the movement is anticipated. Both
1 corn and oats gather their strength from
■ wheat, there being ns yet no strong mo
tive for higher prices.
I'rovisb ..2—Strength In grains has
, prompted a little short covering in prod
! nets. General interest is in no way broad
ened and ttie foreign position is not iin
; proved. Cheaper hogs are expected to
ward tbe last of the week.
CHICAGO GRAIN TABLE.
—Oct. 11
WHEAT— Open. Hit Mi. T.ow. Close.
Dec 1.12 1.15% 1.11 1.15%
May... 1.16% 1-20 1.15% 1.19%
i CORN—
I 14Pc..... .46*% .48's -46% .48%
1 Mav 52% .55 .524* .55
I OATS—
-1 Dec 28% .34% .38’% .34%
I Mn v 38 .89% .38 .39%
iPORK ~
•
I LARD—
</ct 9.85 9.37 9.30 9 32
Jan B.SO 8.85 8.80 8.85
It t RS -
I Mnr 6.75 I
Jau 7.60 7.70 7.65 7.70
! RYE -
Dec 90 .92 .89% .02
May..'.. .96% .97 .96 % .97
•Nominal.
PRIMARY MARKETS.
(By Thomson & McKinnon.)
—Oct. 11.—L.
—Receipts—
Wheat. Corn. Oats, j
St. Joseph 29,000 14,000 *
Chicago 67.000 1.309.000 243.1*00
Milwaukee 61.000 124,000 80.000
Minneapolis .. 780,000 28,000 171,000
Duluth r:’2.(**o 68.000 75.000 1
Sf. Louis K'iO.UOO SHI,OOO 86,000
Toledo 180.000 16,000 12,000
Detroit * 8.000 10,000 *I.OOO j
Kansas Citv .. 298.000 58,000 38.000 |
Peoria 1.000 51.000 £9.000
Omaha 40,000 22,000 46,003
Totals 2.11V.000 1,559,000 856,000
Year ago—Holiday’.
—Shipments—
Wheat. Corn. Oats
St. Joseph .... 28.000 11.000 4,000 j
Milwaukee .... I,o*‘> *I.OOO 8,000
Minneapolis .. 279,000 21,000 77,000
Du lath 3.000 j
St. l.ouis 145,000 54,000 117.009
Toledo 3.000 5,000 16,000 1
Detroit 2.000 5.000
Kansas City .. 238,000 34,000 24,000;
Peoria 31,000 23,000 1
Omaha r .8,(10*1 83,000 16,000 j
Indianapolis .. 3,000 7,000 18,000
Totals 784,000 916,000 331,000 ;
Year ago .... —Holiday—
—Clearances—
Dom. Wheat.
New York 119.000 24.000
Philadelphia .. 18.000 9,000
Baltimore 60,000
New Orleans 21,000
Totals 197,000 54.000
Year ago .... —Holiday—
CHICAGO CASH GRAIN.
CHICAGO, Oct. 11.—Wheat—No. S
mixed, $1.11; No. 3 mixed,,sl.lo. Corn—
-2 mixed, 44%®15%c; No, 2 white, 46c;
bushels, compared with 140,000 bushels
shown for September and 200,000 bushels
harvested last yeai.
‘‘The condition of white potatoes on
Oct. 1 was only 40 per cent of normal,
from which a production of 3.776,003
bushels is indicated, compared with 3,
324.000 bushels shown for September and
7,(580,0000 bushels harvested last year.
"Sweet potatoes on Oct. 1 were 83 per
cent of norma], from which a production
of 341,000 bushels is indicated, compared
with 304,000 bushels shown for Septem
ber and 360,000 bushels harvested last
year.
TOBACCO MAKES
FAIR YIELD.
".The condition of tobacco In Indiana
on Oct. 1, was 80 per cent of normal,
from which a production of 11,020,0**0
pounds i A indicated, compared with 10.-
577,000 pounds shown for September and
18.000,000 pounds harvested last year.
"The apple crop is only 20 per cent of
normal and indicates a crop of 1.746.000
bushels, compared with 1,571.030 bushels
shown for September and 6,097,030
bushels harvested last year.
"The condition is 59 per
cent of normal and indicates a produc
tion of only 78,000 bushels, compared
with 84,000 bushels shown for Septem
ber and 142,0 X) bushels harvested last
year.
"Alfalfa seed thrashed out only %
bushel per acre on 10 per cent less
acreage than harvested last year.
“The condition of the pastures of the
State on Oct. 1, was 95 per cent of
normal, which Is very high lor this time
of the year.
"The condition of grain sorghum on
Oct. 1, was 83 per cent of normal. Field
peas showed a condition of 85 per cent
of normal on the same date.
"The production of field beans in In
diana was 80 per cent of a normal yield
of grain and 87 per cent of a normal
yield of forage <>n approximately t:.
same acreage as was harvested last year.
"The production of tomatoes in In
diana was 81 per cent of normal and
tho acreage was 82 per c.ut of that
harvested last year.
"The average yield of cabbages was 3.2
tons per acre, which is about two
thirds of a normal yield and the acreage
harvested amounted to 75 per cent of
last year’s.
"Onions averaged 200 bushels per acre,
whieh is about 80 per cent of a normal
yield and the acreage was 15 per cent
lees than in 1920."
No. 2 yellow, 45® 16c: No. 2 mixed. 45®
45*4c; No. 3 yellow, 44%®45%e. Oars—
No. 2 white, 33*035c; No. 3 white, 30®
33c; No. 4 white, 30©30%c.
TOLEDO GRAIN I’RIUES.
TOLEDO, Oct. I.—Wheat-Cash. $1.29:
December. $1.31; May, $1.36. Corn -
Cash, 53®54*. Oats—Cash. 3*®39e. Rye—
Cash, 91e. Barley—Cash, 65c.
INDIANAPOLIS CASH GRAIN.
—Oct. 11
Bids for car lots of grain ard hay at
the call of the Indianapolis Board of
Trade were:
Wheat —No sales.
Corn—Firm; No. 2 white corn. 4x; ,<n
56c; No. 3 white, 47%®49c: No. 2 yellow.
. 48®50c; No. 3 yellffcv, 47*k49c: No. 2
mixed. 47%®49c; No. 3 mixed. 47®.45%e.
Oats—Firm; No. 2, 36®37c: No. 3. 34*//
35 1 .c. Hay—Steady; No. 1 timothy. sl7*o.
17.50: No. 2 timothy, sl6.s*Mi 17; mixed,
slo® 16.50; No. 1 clover. sl6'o 17.
—lnspections
Corn —No. 1 white. 6 cars: No. C white.
5 cars; No. 1 yellow, 13 cars; No. 2 yel
low, I car; No. 5 yellow. 1 car; No. 2
mixed. 1 car; total, 17 cars. Oats—No.
2 white, 3 cars: No. 3 white. 8 cars; No.
4 white. 5 cars: special white, 1 oar;
totnK 17 cars. Rye—No. 1, 1 car; totlil,
1 car,
HAY MARKET.
The following are tbe Indianapolis
prices for hay by the wagon load, de
livered :
Hay—Loose timothy, sl7® 18; mixed
hay. slG®l7; baled hay, $17@19.
Oats —Bushel, new. per bushel 34®37c.
Corn—Old, per bushel, 55®COc.
WAGON WHEAT TRICES,
Indianapolis flour mills am: elevators
today are paying $1.12 for No. 1 red
winter wheat; sl.lO for No. 2 red winter
wheat ami according to test to' No. 3.
Oats are quoted, at 30c for No. 3 while
or better.
Burbank Is Host to
Southern Teachers
SANTA ROSA, Cal.. Oct. 11.—Charmed
with the rare Southern type of beauty
possessed by forty fair school mistresses
from South Carolina and Virginia,
Luther Burbank briefly ceased his work
among his plants and flowers recently to
greet the visitors from afar. The educa
tors have been attending the summer
school at the University of California,
and before coming to California had
promised themselves a visit to Santa
Rosa to see Burbank.
Tho wizard of agriculture conducted
the party in person through his gardens
and explained many things of interest
concerning plant life to them, and what
the "school ma’ams” did not ask was
probably what they had forgotten. As
a souvenir of their visit. Burbank
presented each visitor with one of his
flower creations, and the recipients car
ried it off with glee and a promise that
by the pressing process the flower should
be preserved for years. Some of the fair
visitors pressed tbe flower to their lips
as a compliment to the distinguished
assistant to nature.
Colorado Woman
Fights Vivisection
DEM ER, Oct. 11.—Colorado's animals
will breathe easier and enjoy more free
dom if Mrs. Leonora 1.. Hail, attache of
the State Bureau of Child uni Animal
Protection, has her way.
Sending representatives into every
county of the State to preach against
vivisection, Mrs. Hall hopes to so en
lighten the public that by the time the
next Legislature is convening enough
pressure can lie brought to bear to in
sure the passage of a law making vivi
section illegal in Colorado.
"jf the public can be informed between
now anil the next general election as to
what vivisection really is and means,”
said Mrs. Ilall, "1 believe an anti-vivi
section bill will lie carried 10 to 1.”
Mrs. Ilall is thoroughly equipped with
medical opinion in support of her move
ment.
Happiest Village
in Great Britain
LONDON, Oot 11.—Navestock, in Essex
claims to be -he happiest village iu Eng
land.
At the annual village fete one of the
features was a competition for a gam
mon of bacon for the happiest married
couple.
But every married pair In the town
entered for the competition and claimed
the prize, and the committee got out
of their dilemma only by withdrawing
the competition ami issuing an apology
in which they aHuded to the difficulty
in coming to a decision in what was ap
parently "the happiest village ia Eng
land.
Money to Loan on Mortgages
STATE LIFE INSURANCE CO.
DIMUNITION OF
ARMIES WOULD
BENEFIT JAPS
Curtailment of Military Ex
penses of Nippons Would
Relieve Distress.
WASHINGTON, Oct. 11.—Of the nations
tvhich will gather around the table ©u
Nov. 11 to discuss disarmament Japan,
as a nation, has the most to gain finan
cially, it is indicated in unofficial figures
gathered here and made public today.
Despite this evidence Japan has been
■ the leading objector to the procedure, al-
I though on the face of the figures referred
to the Japanese have everything to gain
ami nothing to lose by an economy pro
gram; for. in spite of the comparatively
enormous increase in that country's pros
perity during the war, Japan is stagger
ing today under an armament program
which still is short of what the Japanese
"junkers” would like to have it. Tr.cre
are strong reasons, however, for not or.ly
showing prudence in attempting to com
pete with other nations in an armament
race, but in Japan endeavoring to secure
from the other nations an agreement to
discontinue the present schedule.
One reason is that it costs the Japanese
subject just eight times as much to main
tain his navy as it does the American citi
zen to carry his ships along, according to
the unofficial figures gathered her/.
According to these figures, based on
population, earning power and expendi
ture. the percentage of "relativity” of the
naval burden, over carrying capacity is,
in the United States. 1; Great Britain, LO’
or nearly double America's unit, and Ja
pan, 7.7 per cent, or nearly eight times
what it costs the individual American.
The population of the United States 1*
105,000.009, Great Britain, 45,000,000, and
Japan, 53,000.000. In this connection, the
i >tati*tics reveal, the cost of the British
| navy is borne entirely by the British Isles
and not by contributory colonies. The
j average annual earnings per capita of
these countries are: Unite! States §2 000;
Great Britain, $1,600, and Japan, S4OO
The total annual earnings are: United
states. $70,000,000,000; Great Britain. $27.-
,200.000.000. and Japan, $,000,000,000. Os
these earnings the proportionate expendi
ure is .6 by the United States; Great
Britain, 1.1. and Japan, 4.5 per cent.
This proportionate expenditure out of
the annual earnings, divided over the sev
eral populations, increases or decreases
with tho number of people in the country,
thus accounting for the actual cost per
person.
DOCTORS AMAZED
BY^RECOVERYI
Case of Girl With Lockjaw At- \
tracts Attention.
COLUMBUS. Ohio, Oct. 11—Given up
to die, a victim of the horrible and :
deadly tetanus, or lockjaw, Nina Helen, l
5-year-old daughter of Mr. and Mrs.
Henry J. Arnold, of this city, has com- I
pletely roooveri and, and her recovery is ex- I
citing comment iu medical and faith
healing circles.
Friends of Dr. G. R. Robbins, raster
j of Memorial Baptist Church, who claims ,
to have many remarkable cures by faith
to his credit, assert the child recovered
through his prayers at her bedside.
Her physician, while not willing to
endorse the broad claims, admits he is
surprised at her recovery. lie had once!
m
tinued in attendance, and his pr - *
treatment was carefully followed.
For several days the child suffered con
vulsions at Intervals of about fifteen
; minutes. She could not lie down, but
had to sit propped up in a chair to
i avoid stiffening out of her body.
After twelve days of paroxysms* the
child relaxed and her jaws unlocked.
} Foils, due to the infection of her bl|>od.
followed, bat she has now comidetely re
covered.
The physician frankly says that he is
unable to explain her recovery.
"\\ hether it was the treatment of
I raver. I am unab! to say,” he declared. 1
, "I nui greatly astonished.”
! A committee of the medical association
! making an investigation of the case
with a view to a report to the general
. body,
American Flyer to f
Photograph Mexico
| . r -°S ANGELES, Oct. u._A Coor(liDg to
information received here "Bob” Connell ‘
son of * apt. C. T. Connell, Federal Labor
‘Conciliator, has obtained a contract from 1
Obrcgon of Mexico to photo- I
graph important points iu Mexico from I
■ the sky.
An American pilot will likely be used :
on tho flights, it is reported, but a Mex
! i,an awny observer is expected to be in
the machine at ail times.
The contract will include the photo
graphing of railroad lines, harbors, high- i
ways and unexplored timber and rad- *
rotu! lines. One of the features Connell ;
experts to photograph will be the crafer 1
< f Mount Dopocatepetl, long believed to
be an extinct volcano, but which the !
young photographer says is “enjoying
smoke.” * • A
V, kite, Black Pastor,
Regular Gun Tofer
CLARKSBURG. VV. Va., Oct tl.-!
I'lme, black, is iu jail. No, this isn't a!
, ” r scheme nor a checker game. It's l
acuut the Rev. J. White, negro preacher.:
of Key.niMsville. At. least, he is cn- .
tit.ed to prefix the ministerial title to his
□ame. w ;
The Rev. Mr. White was entirely too
handy With his gun. There is a drastic
anti-weapon statue In West Virginia, 1
rained far and wide as the Johnson anti
' P>*tol-toting law. And tlw least a mag
-1 ‘-strate or judge can do under it is to flue
! a ,uan a *id slap him iu jail for not
j less than six months.
Tho Ue.rnoldsville preacher was lucky
at that, as lie drew the minimum sen
tence, which was imposed in Magistrate
T. *i. Nicewarner's court. Mrs. Lorena
of Reynoldsville, swore tllat the
Rev. J. White not only “toted’ the gun
contrary to law therein made and pro
j vlded, but that lie also drew it upon her
| and threatened to kill her with it.
DETECTIVES' UNIQUE RUSE.
PARIS, Oct. 10.—Pretending to be a
I couple courting in the park, two detec- 1
; fives, one disguised as u woman, ap-|
i preached Emile I.e Sonrier, an Apache
: leader, and seized him before he could
i draw a weapon. He was overcome after!
i a terrific struggle. j
S BUY SELL
Federal Finance Common and Preferred,
| Great Southern Produeing and Refining,
! Central & Coast Oil. Duesenberg Motors,
Majestic Tire. F'eteher American National
Bank. I ietcher Savings and Trust,
i State Savings and Trust Stocks, Llberty
I Bonds, Indiananoli* Mater o'a, A
NEWTON TODD m
413 Hincke Bids:.