Indianapolis Times, Volume 41, Number 149, Indianapolis, Marion County, 1 November 1929 — Page 33

NOBPT, 1929_

ENGLISH BANKS ' REDUCE RATES > TO6PERCENT Wall Street Expecting Cut to Keep in Line With London. Bu United rrrss WASHINGTON, Nov. I.—Loans on stocks and bonds to brokers and dealers by reporting federal reserve member banks in New York city during the week ended Oct. 30 de creased $1,096,000,000 to $5,583,000,000, the federal reserve board announced today. This compares with a total of $6,634,000,000 established on Oct. 23, and $4,907,164,000 on Oct. 31. 1928. The 6 per cent rate had been in effect since Aug. 9, last, when it was advanced from 5 per cent, the latter rate having been in effect since July 13. 1928. Wall street had been expecting a reduction to keep the rate in line with the reduced London figure. Bank of England reduced its rate today from 64 to 6 per cent. This brings a spread between the two rates back to one point, considered normal at present money rates. Detailed figures in nearest millions compare as follow: Oct. 30. Oct. 23. Loans for own account $2,069 $1,077 Tor out of town banks 1,026 1.733 For others 2.443 3.823 Total $5,538 $6 634 Demand loans constituted $5,063,000,000 of the total, against $6 194,000,000 a week ago. while time loans totaled $475,000,000, against $439,000,000 a week ago. The following table shows total loans and Investments and total loans of New York city member banks, together with borrowings at New York federal reserve bank (in nearest millions.) . , Oct. 30. Oct. 23. Loans and Investments $9,010 $7 619 Total loans 7.191 5^899 Borrowings at the reserve bank 170 41 ARGUMENTS MADE IN OIL STOCKS TAX SUIT James 11. Trimble Fights Payment of $123,800 to County. Arguments on a demurrer to an \ Injunction suit brought by James j H. Trimble, Indianapolis oil com- ! pany head, against County Treas- j urer Clyde Robinson to prevent j paying $123,799 in taxes, which he alleges were assessed wrongfully were heard today by Superior Judge Linn D. Hay. Briefs probably will be filed this week. Trimble alleges he hel dan aggregate of 2,950 shares in the Columbus Oil Company from 1925 to 1928, valued at about one-half mil- | lion dollars. It is charged that the ! Marion county auditor revalued the I stocks and. at the same time, held ; they had been omitted from the tax list. Trimble asks that Robinson be enjoined from collecting the amount involved.

The LAST SATURDAY of Krauss’ Great Save 10 to 50% —Pay 30c Down 9 STUNNING GENUINE Diamond Ring* % $ Cl*, 5 ® §:. 9 A lovely 18-kt. solid wjiite sold mountJ'V set with a genuine diamond of dazzling Iwouty. Only 48 of these fine diamonds, so be here early. 30c DOWN! : Diamonds 20% OSS Entire Stock of • . j ”^ TRA SPECI J^ ! teed for ten years. Latest design. a 5£ , Si .=■” $6.30 *8' 30 jOc Dowll. Beautiful S-cnlor comb I 1"7 I 1 liflbrush and mirror set en s 17-Jewel fclgm wllh lliarkl , nK jg weU . or “Illinois” Watch 30c Down: Hcimin Rematch Ladies’ 15-Jewel Guaranteed f Q p „, Wrist Watch 113 W. Washington St.—Lincoln Hotel Bldg.

Business —and— Finance

Operation of the new plant of the i Real Silk Hosiery Mills, Inc., which will provide for an increase of 50 per cent in production, was started this week. The new unit, which adjoins the present plant here, will add over 117,000 square feet of floor | space to the company's manufacturing facilities. NEW YORK. Nov. I.—The New York Stock Exchange today had listed and admitted to trading 275.000 shares of stock of Bulova Watch Company. Inc. The stock was placed on a $3 dividend basis with the declaration by the directors of , a 75 cent quarterly dividend payable Dec. : 1 to stockholders of record Nov. 15. The Terminal Railroad Association of St. Louts, whlrh operates the largest system of unified passenger and freight terminals In the world, opens today an addition to Its mammoth passenger terminal which will increase capacity for handling passengers, mail, express, and baggage fully sixty per cent. Alnswor*h Manufacturing Corporation's net earnings In the first nine months of this vear were more than 111 per cent, greater than In the same period of 1928. There was also a 33 per cent increase in earnings for the third quarter ending Sept. 30 as compared with the same quarter a year ago. Basic Industry Shares, a fixed trust sponsored by Basic Industry Shares Corporation, New York, today announced that in spite of the severe market declines its holdings of last Monday had lost an average of only two points in comparison with the year’s high level of Sept. 3, 1929. The trust is comprised of common stocks of thirty leading American corporations, combined into a scientifically balanced unit. More than 2 000.000 American-made pocket watches, with an approximate value of $40,000,000, are sold annually in the United States, according to F. H. Wellington, vice-president ana treasurer of the Studebaker Mall Order Company, one of the largest manufacturers or Jewelry and watches In the United States. The Murray Corporation of America, manufacturers of custom automobile bodies, will be operating at capacity throughout the coming year, according to orders now on the books, declares Arthur P. Dowell, vice-president in charge of manufacturing. While the company’s expansion program will be completed next month, capacity operations will not be reached until midDecember, Dowell adds. Two bulk gasoline storage plants, each with a capacity for 12,000 kallons, are under construction at the Fairfax airport in Kansas City. Guy Stanley, president. announces. Sales of gasoline at the airport for the five months ended Sept. 30, aggregated 177,573 gallons. The net income from gasoline and lubricating oil sales during that period totaled $12,763.00. NEW YORK. Nov. I.—The food Industry, with an anm.il business volume In excess of $8,000. not), 000, will undergo a searching credit analysis at the annual convention of the Associated Grocery Manufacturers of America, in Washington, Nov. 5-7. Standard Home Utilities, formed so retail nationally advertised products consuming gas, oil and electricity, will open six stores within a few weeks and a seventh is under construction, according to F. L. Innes, president of the company. The New York, Rio <t Buenos Aires Line, Inc., has contracted with the Venezuelan Government for the transportation by air up to 25 percent of that country's mails to Trinidad. West Indies, and the United States, Ralph A. O'Neill, president announces. The line recently booked a similar contract with Chile. Board of directors of the Interstate Public Service Company has declared the regular quarterly dividend of 14 per cent on outstanding preferred stock of the company, payable Nov. 15, 1929. to stockholders of record Oct. 31, 1929.

HOGS MOSTLY 5 CENTS OFF ATCITY PENS Cattle Weak and Scarce; Veals Unchanged at $15.50 Down. Oct. Bulk. Top. Receipts. • 25. *9-75-11 9.85 $9.35 10.090 26. 9.85 9.65 6,000 j 28. 9 80® 9.65 9.65 5.000 I 29. 9.50 9.50 5.000 30. 9 65® 9.75 9.75 7,000 31. 9.69 9.50 7.000 Nov. | 1. 9.45 9.60 7.00 J Hogs were mostly 5 cents lower today at the city stock yards. The bulk, 160 to 325 pounds, were selling at $9.45: top price, $9.60. Receipts were estimated at 7,000; holdovers, 600. Cattle weak and scarce, with little action. Indications pointing to a lower market. Vealers stationary, | selling at $15.50 down. Sheep and lambs steady at : Thursday’s best prices. With a ; good and choice grade of lambs ' selling at sl2 to $12.50; all others | sold at $11.50 down. Chicago hog receipts 19,000, inI eluding 4,500 directs; holdovers 10,i 000. Market steady with Thursday’s j best prices, choice of 200 to 240- | pound weights, sold at $9.30 to $9.35. Cattle receipts were 1,000; sheep 4,000. —Hogs— Receipts, 7,000; market, lower. 200 Ibsfl and up $ 9.25®9.45 250-300 lbs 9.45® 9.60 225-250 ibs 9.45® 9.60 200-225 lbs 9.45® 9.50 160-200 lbs 9.45 130-160 lbs 9.15® 9.35 90-130 lbs 8.50® 9.00 Packing sows 7.50® 8.25 -CattleReceipts, 500; market, steady. Beef steers, 1100-1500 lbs., good and choice $12.00® 15.50 Common and medium [email protected] I Beef steers. 1100 lbs. down, good j and choice [email protected] I Common and medium 8.50® 12.25 Heifers, 850 lbs. down, good and choice 12.50® 14.50 Common and medium [email protected] Cows 8.50® 9.75 Common and medium 6.50® 8.50 Low cutter and cutter 5.50® 6.50 Stockers and feeders steers, good and choice [email protected] Common and medium [email protected] —Veals— Receipts. 500; market, steady. Medium and choice [email protected] Cull and common [email protected] —Sheep— Receipts, 50; market, steady. Lambs, good and choice [email protected] ! Common and medium 9.50®12.50 Ewes, medium to choice 3.50® 5.50 Cull and common 1.50® 3.50 Other Livestock Rit United Press CHICAGO.. Nov. I.—Hogs—Receipts, 19,000; including 6,000 direct: market, strong to 10c higher than Thursday's average: top. $9 40: bulk, good to choice. 189300 lb. weights, $9.25® 9.35: 130-170 lb. weights SO-" 9.30: butchers, medif" n choice. 250-350 ibs.. *8.6009.40; 200-260 lbs.. S9® 9.40; 160-200 lbs.. s9wj.-u; - ..x lbs.. $8.75419.35; packing sows. s7.til pigs, medium to choice, 90-130 ibs.. $8.35® 9.15. Cattle—Receipts. 1.000; calves. 1 000; not much here, few medium to strictly good yearlings and light steers, strong, instances higher: no reliable outlet for plain weighty steers: low grade cows more active: top yearlings. $15.25: slaughter classes steers, good and choice. 1300-1500 lbs.. $12.25# 15.60; 1100-1300 lbs., [email protected]; 950-1100 Ibs.. $13@16: common and medium 850 lbs. up. $8.50® 13.25: fed yearlings. good and choice, 750-950 lbs Sis ■>-, @l6: heifers, good and choice. 850 lbs.

THE INDIANAPOLIS TIMES

On Commission Row

FRUITS Apples—ueuclous. box extra fanev. $3.75; fancy. $3.15. choice. [email protected]; Wealthy. $2.25; Maiden Blush. 12® 2.25: Jonathans. $2.75: Grimes Golden $2.75; extra fancy box. Grimes. 33; New York Duchess. $2.25 ; @2.50: Gravenstein. 33: Wolf River, 32.50. Cranberries—s3.so a 25-lb. box; 37 a 501 ib. box. | Grapefruit—Florida. 35#5.25. ! Grapes—California, seedless. 32.25 a crate: Malagas. $1.75 a crate: Tokays. 31.75. Lemons—California, a crate, 314. Limes—Jamacia $2#2.50. Oraaees—California Valencia. 33.7508 Peaches—New York. $4 a bu. Plums—S2.7s Idaho. 16-lb. case. 31. VEGETABLES. Beans—Green, stringless. 32.50. Beets—Home-grown, doz. 40c. Carrots—Home-grown, doz.. 35c. Cabbage—33.so a barrel. Celery—Michigan. 90c: Idaho. $1.25 a dozen bunches. Cauliflower—Colorado crate $1.75. Corn—Home-grown. 25®30c a dozen. Cucumbers—Hothouse, a dozen, $1.75. Eggplant—sl.so@2 a dozen: $2#2.20 a hamper. Kale—Spring, a bushel. $1 Lettuce—California Iceberg. s4@s a crate: hbme-grown leal a bushel. sl. Mustard—A bushel. 81. Onions—lndiana vellow $2.25 a 100-lb. bag: white. 50-lb. bag. $1.75. Parsiev—Home-grown, doz. bunches. 45c. Peas—Colorado [email protected] a hamper. Peppers—Home-grown $1.50 a bushel. Potatoes—Wisconsin and Minnesota white. [email protected] a 160-lb. bag; Red River Ohios. 120 Ibs.. $3.75: Idaho Russets. $3.75. Radishes—Button, hothouse dozen 90c: Southern long red. 15@25c dozen. Sweet potatoes—Virginia Jersevs. $4 a barrei; $2 a bushel- Indiana Jersevs $2.25 a bushel: Nancy Halls. $2 a hamper. Tomatoes—Home-grown a bushr's. s2@ 2 50- 15-ib basket SQc down. $13.25® 15.25; common and medium. $7.50® 13.50: cows, good aand choice. $7.75 #10.25: common and medium. $6.25# 7.75; low cutter and cutters, $4.75® 6.25; bulls, good and choice beef $8.75® 10.25; cutter to medium. [email protected]; vealers, milk fed, good and choice. $11.50® 14.75; medium. sll @11.50: cull and common. s7@ll; stocker and feeder steers, good and choice, all weights. $9.75#11.25; common and medium. $7.25®9.75. Sheep—-Receipts. 4.000: market steady to strong: bulk native lambs $12.50® 12.75: too. $12.85: cutbacks. sl2; fat ewes, [email protected]; feeding lambs, scarce, tolerable steady; lambs, good and choice. 92 lbs. down. sl2® 12.85: medium, 310.75# 12: cull and common. s7®'" ewes, medium to choice, 150 lbs. down [email protected]; cull and common. $2.25® > feeder lambs good and choice, sl2®, 13. Eu TimesdSpecial LOUISVILLE. Kv„ Nov. I.—Hogs—Receipts. 600: market. 10c lower; 175-250 ibs. $9.35; 250 lbs. up. $8.75; 130-175 lbs., $8.90; 130 Ibs. down, $7.55; roughs. $7.40; stags, $6.80. Cattle—Receipts. 200: market, steady; prime heavy steers. [email protected]: heavy shipping steers, s9@ll; medium and plain steers. $7.50®:8.50; fat heifers, s7# 10.50; good to choice cows. $6.50® 7.75; medium to good cows, $5.50®6.50; cutters. $5.25#5.50: canners $4.50®4.75; bulls. $9.50: feeders. $8®10.50: stockers. s7#lo. Calves—Receipts. 200; market, steady; fancy calves. sl3: good to choice. slo® 12.50; medium to good. s7®lo: outs. $7 down. Sheep—Receipts, 100; market, steady; ewes and wethers. $11.50; buck iambs. $10.50: seconds $5®,7: sheep, $44/ 5. Thursday’s shipments: Cattle, 438; calves. 6; hogs. 321: sheep, none. Bu United Press FT. WAYNE, Ind., Nov. I.—Cattle—Receipts, 100; calves, receipts 75; hogs, receipts 600; sheep, receipts 200; • hog market, steady to 10c of!: 90-110 lbs., $8.50; 110-140 lbs., $8.75; 140-160 lbs.. $9; 160200 lbs., $9.15: 200-226 lbs.. $9.25; 225-250 lbs.. $9.10; 250-300 lbs., $9.05; 300-350 lbs., $8.90; roughs, $7.75; stags, $6: calves, $15.50; lambs, $11.50. Bu United Press EAST BUFFALO. Nov. 1. Hogs—Receipts, 4,200; holdovers, 600; fairly active to packers. 15c to mostly 25c lov/er; bulk 160-250 lbs., $9.75; few-, $9.85; 130-150 lbs,, $9.26#9.50; pigs downward to $9. CattleReceipts, 125; steady medium heifers, $10.20: cutter cows, $4.25®6.75. Calves— Receipts, 600: good to choice vealers, steady. $16.50@i7; in-between grades unevenly lower. Sheep—Receipts, 3,400; lambs generally 25c lower; good to choice natives, $12.50@13; medium and strong weights, $11.25® 12; throwouts, [email protected]; fat ewes, $5.25®6. Bu United Press CLEVELAND. Nov. I.—Hogs—Receipts 1.800: holdovers. 286; 170-GSO lbs., 5c lower; $9.60 to low ton; 160 lbs. down. 15c off: bulk. $9.25; sows and stags, steadv. $8 and $6.25 respectively. Cattle—Receipts. 200: holdovers, 400; very, draggy; week-end demand now, odd sales unevenly low but bulk unsold, cows also easier. Calves—Receipts 200: steadv: vealers. [email protected]; medium kind. $124; 14.50; culls down to $8.50 and under. Sheep—Receipts. 2,100: lambs, weak: spots 25c lower: bulk, sl3 down; top. $13.25: heavies. $11.50: medium throwouts, slo® 11; fat ewes. ss@6. steady.

Produce Markets

Eggs—Country run. loss off delivered In Indianapolis, 38c; hennery quality, 50c; No. 1,40 c; No. 2.. 30c. Poultry (buying prices i— Hens, weighing 4 V-i lbs. or over, 21@22c; under 4 , /2 lbs. 20c: Leghorn hens, 18c; roasting chickens, 4> 2 lbs. or over. 22c: springers under 4‘/ 2 lbs., 20c; springers over 4'/ 2 lbs.. 20@21c; Leghorn springers. 15(5® 16c; old cocks. 12 (fi 14c. Young turkey hens (must be fatl 30c: young toms. 28c; old hens, 24c; old toms. 20c. Ducks (full feathered) 12c. Geese (full feathered) 10c. Guinears. 30c. These prices are for No. 7 top Quality Indianapolis 38c; hennery aualitv. 48c: poultry. Quoted bv Kingan & Cos. Butter (wholesale)—No. 1. 46®47c: No. 2. 45® 46c. Butterfat—44c. Cheese (wholesale selling price per pound)—American loaf. 35c; pimento loaf. 37c: Wisconsin firsts. 27c: Longhorn 27c: New York limbereer. 30c. Bu United Press NEW YORK, Nov. I.—Flour—Dull, but firmer: spring patents, $6.65(36.90. Pork—ulet; mess, $28.50. Lard-—Steadv; middle west spot. $10.90® 11. Tallow—Quiet; special to extra. 7ti®Byc. Potatoes—Dull and easyi/g [email protected] barrel; Maine s4® 5.25 barrel. Sweet- potatoes—Easier; Southern. baskets. 75c®52.25: Southern, barrels, $1.50®2.25: Jersey. $1®1.85 basket. Dressed poultry—Weak; turkeys. 35®45c: chickens. 25®38c: fowls, 20®35c; ducks. 16®28c: ducks. Long Island. 23®26c. Live poultry —Steady; geese, 1?.®20c; ducks 16® 28c: fowls, 18®30c; turkeys. 35®45c: roosters, 20c: chickens. 20®,29c: broilers. 32®38c. Cheese—ulet: state whole milk, fancy to special. 27yi@29’/sc: Young Americas. 24‘/ 2 ® 27c. Bu United Press CHICAGO. Nov. I.—Eggs—Market, firm; receipts, 1,830 cases; extra firsts, 47®,48c; firsts, 44® 45c; ordinaries, 37®39c; seconds. 28®34c. Butter—Market, firm: receipts, 10,149 tubs: extras, 42c; extra firsts, 40®41c; firsts, 37‘/ 2 ®3Bc: seconds, 36®; 36>/ 2 c; standards, 40 1 /4c. Poultry—Market, weak; receipts, 9 cars: fowls, 23c; springers, 18c: Leghorns, 17c; ducks. 19® 21c; geese, 20c; turkeys," 35c; roosters, 19c. Cheese—22 , /4®22 T 4C twins; Young Americas, 24 4 4c. Potatoes—On track. 497: arrivals. 128; shipments, 713; market, slightly firmer undertone, trading onlv fair: Wisconsin sacked Round Whites. ‘52.35® 2.50: Minnesota, North Dakota and South Dakota sacked Round Whites. $2.13® 2.30; South Dakota Early Ohios, $2.15® 2.35; Idaho sacked Russets, $2.80®3.10.

Local Wagon Wheat

City grain elevators are paving $1.15 for No. 2 red wheat and $1.13 for No. 2 hard wheat.

TUNE IN AT TEN O’CLOCK TONITE HEAR CHARLES W. JEWETT DISCUSS IMPORTANT ISSUES WKBF—STATION—WKBF

! WACKER’S MEAT MARKET ] 4Q3-Q5 W. Wash. St. Rl. 9081 | SPECIAL ) 9to 12 A. M. SATURDAY IMPURE LARD ESI.IB ]"pVl PURE LARD ...60c ; Pure Pork Sausage.. 15c

GRAIN PRICES OPEN UNEVEN ATUVERPUUL Wet Weather Continues in Several Parts of Corn Belt. Iti / Vnited Press CHICAGO. Nov. I.—Wheat opened uncertainly on the Board of Trade here today as a result of the early strength at Liverpool, but was only fractionally higher in the futures because of the later weakness there. Eastern houses are still buying in large lots, but the local trade would welcome a stabilization at the present level until the results of the farm board’s action becomes more apparent. At the opening wheat was l i cent lower to % cent higher; corn was Vis cent lower to 4 cent higher, and oats was unchanged to 4 cent lower. . Provisions opened strong. The technical position of the wheat market has undoubtedly been weakened as the result of the recent advance, as piany local operators see it, and they prefer to wait for setbacks before taking the buying side again. Liverpool was not as low as expected this morning and had a sharp rally near mid-session, only to suffer a reaction and lose most of the gain. Small Australian and South American shipments and the high Argentine exchange was the supporting factor. There was /little buying of American wheat for export and eastern houses withdrew their support. Corn trade remains mostly of a local nature in a quiet market. The wet weather continues in parts of the belt, but the forcecast is for colder weather. Traders are awaiting the result of the new corn movement and better technical support. The open interest remains small. Oats was sold rather freely by northwest interests Thursday, but this was offset by local and commission house buying.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Nov. 1, $4,345,000; debits, $9,098,000. CHICAGO STATEMENT Bu United Press CHICAGO, Nov. I. Clearings $194,700,000; balances $31,700,000. NEW YORK STATEMENT i Bn Vnited Press NEW YORK, Nov. I.—Bank clearings ; $3,454,000,000; clearing house balance, $389,000,000. Federal reserve bank credit balance $244,000,000. TREASURY STATEMENT Bn United Press WASHINGTON, Nov. I.—Treasury net balance Oct. 30, $206,723,473.57; customs receipts for the month to the same date totaled $54,880,323.51. 97 TO BE ARRAIGNED Court Will Take Pleas to Charges on Monday. Ninety-seven defendants will be arraigned Monday before Criminal Judge James A. Collins to enter pleas to charges brought against them in indictments and affidavits. Thirty-eight of the list are being held at the county jail and fiftynine are free on bonds. The list includes Andrew Judt and William McKinney, charged with murder. Others to appear are: Eleven on gaming charges; two for involuntary manslaughter; four for burglary: two for robbery; sixteen for vehicle taking; eleven on statuatory charges and seven for liquor law violations. Eight employes of the Clinton L Seeley company, alleged “bucket shop,” raided recently will be arranged on “bucket shop” charges. STATE FAIR’S PROFIT FOR YEAR IS $31,200 Board Will Invite Swine Show to Co-Operate Again Members of the state fair board today voted to invite the National Swine Show again to hold exhibits in conjunction with the Indiana State Fair next year. Governor Harry G. Leslie attended the meeting in the office of Sec-retary-A. E. Barker of the state board of agriculture. A profit of $1,914.40 over the 1928 fair was reported by Barker, although gate receipts were $14,000 less, due to the bad weather the latter part of the week. The total profit this year was $31,185.42, the report stated.

GROWL AND SNORT

City Bears , Bulls in ‘Party *

RED. wearey-eyed men.. .cigar-chewing men...men who look as if they’d been drawn through a mangle.. .fresh men with fresh money.. .nattily dressed clerks chalking quotations on a blackboard and trying to appear nattier than they feel...women worn by worry... .talk, gabble. . .hundreds of eyes watching the moving tape , .bulls and bears.. .“Auburn’s up eighty over yesterday's close. Some market!

And thus it was, for any bystander Thursday in Indianapolis brokerage offices as they watched crowds of speculators mill in and out, buy and sell, but mostly buy, on one of the greatest bull market openings in the history of the nation. Glum loosers in the past week’s trading panic, when stocks were up-ended, stood side-by-side with happy bears waiting to take their profits. “It’s as crazy a market going up as it was coming down. What a chance we little fellows got in there—not one.’’ grumbled a heavy-jowled one as he chewed heavily on his ci^ar. u a s A WOMAN with bargain-coun-ter eyes—one who would know a cheap dress when she saw it—stepped close to a Thomson & McKinnon trader, “Buy 500 Cities Service at 44.’’ Maybe she got it, maybe she didn't, for with the avalanche of orders it was buy or sell and the price “be-hanged.” Greedily. every morsel of financial gossip was repeated from ear to ear as: “It'll close lower than it opened.” “Big money is doing this.” “Just saw a telegram from Phillips Petroleum official not to liquidate.” The close came. Red, weary-eyed men looked wearier... fresh men with fresh money se med wilted.. .clerks still chalked, an hour behind, but glad of two days in which the mart will be closed...the gabble died.. .bulls and bears filed out of the brokerage offices.. .no eyes watched the belated tape.. .“Some market.”

The City in Brief

Semi-annual meeting of the grand council fire of the Indianapolis Camp Fire Girls will be held at 3 p. m. Saturday a Emmerich Manual Training high school. Awards will be conferred. The Irvington Men’s Forum will hold its October meeting at 8 tonight at the home of M. David Burgess. 804 North Audubon road. Dr. R. Clyde* White, associate professor of sociology at Indiana university, will speak. Honorable attention certificates will be presented Indianapolis boys who attended Camp Gridley naval training school last summer in the Cropsey auditorium of the Central library tonight. Lieutenant F. F. Knachel, U. S. N. R., will make the presentations. Harry B. Marsh, electrical contractor and engineer, will talk at a weekly luncheon of the Scientech Club of Indianapolis Monday at the Chamber of Commerce. Thieves who broke into the T. E. Stendel hardware store, 243 Indiana avenue, Thursday night, took a shotgun valued at $lB. an autmobile tire worth sl6 and a suitcase filled with sample silk shirts.

Indianapolis Stocks

—Nov. l Bid. Ask. American Centra! L Xns C 0... 800 ... •Belt R R & Yds Cos com 57 63 •Belt R R & Yds Cos pld 63 60 Bobb's Merrill 32 36 Centra! Ind Power Cos p1d.... 89'/ 2 94 Circle Theater 107 Cities gerv Cos com 37 Cities Serv Cos old 92 ... Citizens Gas Cos com 33 41 Citizens Gas Cos pfd 9414 101 Commonwealth L Cos pfd 1%.. 97 Commonwealth L Cos pfd 100 ... Equitable Sec Cos com Hook Druk Cos com 47 ... Horuff Shoe Core com Ind Hotel Cos Ciavpool c0m..125 Ind Hotel Cos Dfd 100 Ind Serv Corn pfd Indpls Gas Cos com 54 ... Indpls & Norwtn Tr Cos pfd... 6 Indpls P & L pfd 98 102 Indpls Pu Wei L Assn c0m.... 51 Indpls St R R Cos pfd 26 29 3/ < Indpls Wa Cos pfd 95 102 Inter Pub Ser pr lln pfd 98 102 Inter Pub Ser 6s 85 90 Merchants Pub Util Cos pfd. 100 •Metro Loan Cos 97 101 •Northern Ind Pub S G Dfd 7s 101 •Prog Laudry Cos com .... 48 52'A E Rauh & Sons Fert Cos pfd.. 50 Real Silk Hosier Cos pfd 90 Standard Oil of Ind 54‘/ ... T H Indpls & Tr Cos pfd 7 T H Trac & L Cos Dfd - Union Title Cos com 50 V Camp Prod Cos Ist pfd ....100 ... V Camp Prod Cos pfd 90 •Shareholders Invest Cos 27’A 28 l h •Ex-divldend. —Bonds— Bid. Ask. Belt R 4e S Y co 4s . 85 Broad Ripple Trac Cos 5s .... 55 60’£ Cent Ind Gas Cos 5s 97 Central Ind Pow Cos 6s 96 Chi S B & N Ind Rv Ist 55... Citizens Gas Cos 5s 96 101 Citizens Street Railroad 55.... 55 Gary St Ry Ist 5s 75 ... Home T <fc I of Ft. Wayne 6s. 100 Indiana Hotel Cos 5s 97 Ind Northern Trac Cos 5s 3 5 Ind Railway and Light Cos Bs.. 94 Indiana Service Corp 5s Indpls Power and Light Cos 94 98 Indiana Union Trac Cos 5s .... 3 Indpls Col & Trac 5s 95 ... Indianapolis Gas Cos 5s 96 98 Indpls & Martinsville T Cos 5s 15 Indpls No Trac Cos 5s 10 14 Indols & W Trac Cos 5s 15 Indpls Street Ry 4s 50 51 Indpls URv 5s J 1965 A B .. 98V4 .. Indpls Trac & Terminal Cos ss. 91 95 Indpls Water Cos sVis 1953...100 Indpls Water Cos 5%s 1954..100 Indpls Water Cos Hen & ref 5s 92 Indpls Water Cos 4'/ 2 s 89 92 Indpls Water Works Sec C 0... 80 Indols Water Cos 4Vis .89 Interstate Pub Serv 6V 2 s 10! Interstate Public Service Cos 5s 93 No Ind Telegh Cos 6s 1931 96 99 & No Ind Telegh Cos 6s 1931 97 99 T H * E Trac Cos. 5s 53 ... T H Trac and Light Cos 5s ... 86 91 Union Trac of Ind 6s 13V* ... —Sales Broad Ripple Trace Cos 5s 1 bond i®.... 60 ASSESSMENT ROLL UP Works Board Expected to Confirm $422,000 Widening. The works board this afternoon was expected to confirm the $422,000 damage and assessment roll for widening Sixteenth street from Northwestern avenue to Delaware street. The board was to confirm the roll unless a formal remonstrance was presented. A suit for an injunction was dismissed after the board agreed to place the name of parties holding leases on property on the roll. Theodore Dammeyer, president, su&

PASS BUCK ON STOCK MARKET TUMBLE BLAME Senator Robinson, Defending Republicans, Declares Raskob at Fault. WASHINGTON. Nov. I.—Demo- ! cratic charges that Republican ad- ! ministration officials partly were responsible for the recent stock I market deflation, were challenged I today by Senator Robinson <Rep., ilnd.), in a senate speech, j The Indiana senator referred f specifically to a recent statement, jby Senator Robfuson (Dem., Ark.), i the minority floor leader, in which lit was said that former President Coolidge, President Hoover and Sec- | retary of Treasury Mellon had con- ! tributed to the inflation of stock j prices by their optimistic reports on business conditions. “When did any of these officials | ever encourage the public to buy j stocks?” Robinson asked. “When did any of them by word or deed ever foster the speculative orgy that brought on this crash?” Robinson said the market crash was inevitable because prices of stocks had been carried far higher than their actual value and were bound, in time, to “seek their proper level.” Robinson contended that John G. Raskob, whom he called “the general manager of the Democratic party,” had encouraged the buying of stocks “and led thousands of American people into investing in the stock market.” The people were swayed by the j face that Raskob rase from a $7-a----i week stenographer to a millionaire I “by stock market- plunging,” Robin- ! son asserted. BAIN DAMPENS FETE Halloween Revels Downtown Come to Early Close. Despite rain upon the pumpkin and its Thursday night confederate, Halloween, crowds thronged the downtown sector to celebrate in masks and revelry the feast of All Saints. With street cars routed off the main thoroughfares and traffic barred, the streets leading to the business section were congested. The inclement weather broke up the crowd long before midnight or sent the revelers indoors to dances and parties. Halloween fetes were given at the following clubs: Indianapolis Athletic, Columbia. Bruce P. Robinson post of the American Legion at Tomlinson hall and Woodstock and Avalon Country clubs. IRISH ENVOY VICTIMOF HIT-RUN DRIVER Bu United Press WASHINGTON, Nov. I.—Michael McWhite, 47, minister of the Irish Free State to the United States, is in a Washington hospital today from injuries received on Thursday night when he was struck by a hit-and-run motorist here. McWhite was hurled nearly fifteen feet and the car continued without stopping. William J. McAulay, first secretary of the Irish Free State legion, who was with him, was unable to copy the license number and police believe there is little chance of finding the driver. At the hospital he was treated for fractured ribs and severe lacerations of the scalp. His condition, although serious, was not regarded as critical. Births Robert and Marv Rice. Methodist hosDi Robert and Frieda Roach. Methodist hosPi Wiillam and Florence Wyatt. Christian hospital. Harry and Dorothy Anderson. 1240 West Thirty-first. _ Calvin and Catherie Poston. 751 Center. Grant and Viola McComb. 305 Cora. Car! and Lillian McCoy. 1306 Ingram. Perry and Gladys Mavity. 2465 Columbia. William and Ethel Wentworth. 1307 West Twenty-seventh. . .... _ Francis and Hazel Reed, 1157 Dawson. Girls Charles and Vivian Rowe Methodist hospital. Hubert and Herdis Powell, Methodist hospital. Thorne and Isabelle Wright. Methodist hospital. Harry and Mildred Craig. Methodist hospital. Hugh and Minnie Locke. 2401 Paris. Robert and Esther Marston. 1064'/* West McCarty. * Mose and Julia Harrington. 344 West Michigan. Frank and Corrine Mitchell. 1453 Hiatt. Edwin and Florence Ahlders, 1722 South Talbott. Thomas and Mary Mattingly. 223 South Noble. Twins Chester and Pearl Sawyer. 3446 Sc'th Richland, boy and girl. Deaths Isabelle Crance. 72. 33 West Twentyeighth. chronic myocarditis. Anna Thomas, 54. 910 North Mlley. cardlo vascular renal disease. Harriet E. Coleman. 81, 2263 North Rural. apoplexT. George Roberts Phillips, 5. 745 Parkway. bronchttis. Sophia Winkeimeier. 42, Methodist hospital. chronic cholecvsitls. Leonard Schrou.gham, 7 months. Riley hospital, malnutrition. Infant Sawvers, 1 day, 1446 Richland, premature birth. Anna Foushee. 64, 1148 Lexington, chronic myocarditis John Benson Phiilipy. 78, 1427 North Delaware, acute dilatation of heart. Phvllls Joan Miller. 10 months. Riley hospital, enteritis. Ella Baldwin. 75. 3401 West Washington. arterio sclerosis. John Henry. Ashley. 67. 430 West Thlrtv-ninth. carcinoma. Alice Viola Cristee. 42. Methodist hospital, acute myocarditis. Michael E. McMahon 76. 3734 North Illinois arterio sclerosis. Charles Leo Anderson. 36. city hospital, chronic myocarditis. Isaac L. Kammisky. 81. 952 8. Illinois chronic nephritis. Barbara Jean Shields. 9 month*, city hospital, enteritis. Lizzie B. Johnston. 69. Methodist hospital chronic myocarditis. John Branch. 82. 839 South Sheffield, lobar pneumonia. Charles F. Bliss, 43. Central Indiana hospital, general paralysis.

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STOCK BUYING VOLUME HUGE IN HALF DAY Over Seven Million Shares Is Turnover in Short Session. BY ELMER C. WALZER T’nited PrrM Financial Fdltor NEW YORK. Nov. I.—Hysterical liquiation of stocks has given way to a tremendous volume of buying and while the exchange remained closed today, financial experts reviewed the most unusual week in "financial history in an effort to get a clarified perspective on the situation. Since there will be no more trading until Monday, the financial week ended Thursday with a turnover of 7.149,300 shares in a short afternoon session on the exchange. I In the three five-hour days and the j one three-hour day, more business : was done on the Stock and Curb | Exchanges than in any full week in j history. The two exchanges acI counted for a turnover of 63,879.356 1 shares. The following table gives a significant picture’ of the tremendous | trading activity. " Stock Curb Bond • Day Sales Sales Sales Monday .... 9.212.300 4.152.900 $18,323,000 Tuesda'v 16,410.030 7,096.300 23.960,000 Wednesday 10.727.326 3.809,200 22,614,000 Thursday (3 hours). 7,149,300 2,321,500 17.937.000 Totals ..46.499.456 17.379.900 182.834.000 Last week . .37,482,280 15.350,415 83,350,000 The 16,410,030 shares traded on the Stock Exchange on Tuesday represented the largest day in his-. | tory as did the 7,096,300 on the curb on the same day. Average Record Broken The Dow Jones averages give a picture of the market’s trend. On Monday and Tuesday, the industrial average broke 60.90 points, the largest for such period since the figures I have been compiled. The rail aver- ; age lost 19.26 points. The two sub- ; sequent days brought the industrial average back 43.44 points and the rail 12.76. Following are the averages by days for the week with the day's net change and net change from the close of the previous week: Day 30 Industrials 20 Rail* Monday... 260.64 off 38.33 155 41 off 10 91 Tuesday... 230.07 off 30.57 147.06 off 8:35 Wednesday 258.47 up 28.40 152.66 up 660 Thursday.. 273.51 up 15 04 159.82 up 7.16 Change for week—off 25.46 off 6.50 ' An idea of the decline can be seen by examining the stocks with large capitalization. Take General Motors, for example, with its 43,500,000 shares, the largest number of shares of any stock on the board. From the high of the year to low on Tuesday, a net decline of 5814 points was registered. That, meant loss in market valuation of all stock outstanding of $2,533,875,000. Closes Two Down On Wednesday, General Motors was carried up $706,875,000, while on* Thursday after a sharp advance, it reacted and closed down nearly 2,. points, or a loss in valuation of„ $76,125,000. A dozen of the more heavily capitalized issues lost $12,170,281,000 in capitalization, according to United Press calculations. Those same* stocks were not among the best movers in the recovery Wednesday, but they added $3,233,732,500 to their value that day and $601,110,250 oai Thursday. American Telephone & Telegraph* lost $1,407,812,500 in market val'ja- : 1 tion and recovered almost half of it ; ; before the short week ended. Dupont followed General Motors down losing $1,547,750,000. It came back more than $600,000,000. General’ Electric was driven down nearly 200; points from its high of the year ancf its loss was figured at $1,399,250,000.' It came back more han $300,000,000. Causes Are Varied The causes of the decline and re- | covery are many and varied. Some date back a month or more to the Hatry failure in London and subsequent selling of American securities by Europeans. The main diffi-' culty lay in the reckless upbidding of our stocks' thus building a dizzy credit structure that bankers had; warned would have to topple. Brokerage loans had been carried up to the almost unbelievable sum’ of $6,804,000,000, mostly to carry stocks on margin. Another contributing cause of th® decline was wiped out also Thursday. On Aug. 9, the rediscount rate was advanced to 6 per cent from 5. per cent. That helped tighten credit, prevent gold shipments fronu London and started the selling bait rolling. Thursday, the rate was set(' back to 5 per cent following a de-; cline in the Bank of England rata; from 6*2 to 6 per cent. TEACH CAR INSPECTORS? Boston Official Lectures Daily toClass of Appointees. t Bu United Press .. J BOSTON. Nov. I.—A school of etiquette has been established by the Common-wealth of Massachusetts, to be used exclusively for teaching a score of recently appointed motor vehicle inspector*: fundamentals of the law. The “pupils” none other than twenty-three new inspectors, will be. schooled on the proper way to handle people who apply for auto--mobile licenses. Major George A. Parker, regtetrarof Motor Vehicles delivers daily lectures to his new aids.

He Excused It Bu United Press NEW YORK, Nov. I.—David Nagle awakened when the telephone rang incessantly. His apartment was filled with gas. His wife and child were almost unconscious. He staggered to a window, opened it. and then answered the telephone. 1 It was “wrong number—ex-J cuse It, please.”