Indianapolis Times, Volume 43, Number 143, Indianapolis, Marion County, 24 October 1931 — Page 10

PAGE 10

STOCK MARKET TURNS UPWARD AFTER DECLINE Government Bonds Up 1-4 to 1 1-2 Points in Renewed Buying.

Average Stock Prices

Average of thirty industrials for Thursday 105.02, off 3.37. Average of twenty r *'J*, 53.0#, off 1 8!) Average of twenty utilities 41.71, oft 1,67. Average of forty bonds 84.75, off .18. BY ELMER C. WALZER l/’nited Press Financial Editor NEW YORK, Oct. 23. —A long list of favorable factors brought stocks up 1 to 5 points today; United States government bonds up % to l’y points; cotton up $1 a bale and wheat up more than 2 cents a bushel. According to preliminary calculations the Dow, Jones Cos. industrial average stood at 108.88, up 3.86 points; railroad average 54.41, up 1.33 points, and utility average at 42.76, up 1.05 points. Sales totaled 1,300,000 shares, compared with 1,400,000 shares Thursday. Trading in stocks was light most of the session, but it picked up late in the day on the rally and at the dose tickers were running full speed. Railroad shares led with substantial gains, these shares stimulated by indications the railroads would work out a co-operative plan for aiding weak roads with the aid of the interstate commerce commission and a report of a voluntary 10 per cent wage reduction for 17 per cent of the employes of Gulf, Mobile & Northern railroad. The market was buyoed up earlier by optimistic remarks from executives of the steel industry at the semi-annual meeting of the American Iron and Steel institute. The concensus of the group was that the steel industry had hit bottom; that sentiment had improved and that the industry would pick up in 1932. No general advance was anticipated in the remainder of 1931. Weekly trade reviews reported improvement in sentiment In retail and wholesale lines and found a better feeling in the basic industries. The street heard further reports of a merger in the making between Standard Oil of New Jersey and Standard Oil of California and these issues led the oil shares into higher ground. Copper consumers were buying large amounts of copper and the 1 price firmed up in tone. Traders anticipated a better price in the metal after conferences of producers scheduled for next week. The producers, it was expected, would curtail production more in line with j demand. Another European development that was beneficial for the market was a persistent report that the MacDonald national government would obtain a clean victory in the elections scheduled for next Tuesday.

Bank Clearings

INDIANAPOLIS STATEMENT —Oct. 23 Clearings $1,993,000 Debits 4.943,000 CHICAGO STATEMENT , -Oct. 23Clearings $46,500,000.00 Balances 3,600,000 00 TREASURY STATEMENT —Oct. 23Net. balance for Oct. 21 $339,724,114.97 Expenditures 13.169,471.65 Customs rccts. month to date 23,271,116.16 Investment Trust Shares tßy Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Oct. 23 „ Bid. Ask. Am Founders Corp com ... 1% i% Am & Gen Sec A 3 Am Inv Tr Shares 33% Basic Industry Shares .' 4 Collateral Trustee Shares A 5% 5% Cumulative Trust Shares 4 3 4 5 •/„ Diversified Trustee Shares A 9... Fixed Trust Oil Shares 3 Fixed Trust Shares A 9% Fundamental Trust Shares A 4% 5% Fundamental Trust Shares B 4% 5 3 Leaders of Industry A ... 4% ... I<ow Priced Shares 4 3 8 4% Nation Wide Securities 4 4% National Industries Shares .. 3% 4% North American Trust Shares 3% 3% Selected American Shares .. 3% 3% Selected Cumulative Shares.. 7% a Selected Income Shares 4 3 H 4% Shawmut Bank Inv Trust...’ 2% 4 1 „• Std Am Trust Shares 4% 4% Super Corp of Am Trust Sh 4% 4' t Trustee Std Oil A 4%, ... Trustee Std Oil B 4% 4% Unified Service Trust Sh A 3*4 3-4 11 S Elec Light <fc Pow A... 20 3 22 J 4 Universal Trust Shares 3% 4% RAW' SUGAR PRICES —Oct. 23High. Low. Close. March 1.28 1.27 1.27 Mav 1.33 1.31 1.33 July 1.39 1.36 1.38 September 1.44 1.42 1 43 December 1.27 1.27 1.27

Mammoth Block (Big Boy) White Ash Pure Splint An Exceptional West Virginia Coal See It On Display at 16 W. Ohio St. at the Coal Exhibit W. H. Warner &Cos.

Public Service Company of Indiana Notice of Dividend The Board of Directors of the Public Service Company of Indiana has declared the regular quarterly dividend of $1.50 per share on the outstanding $6 Cumulative Preferred Stock of the Company, payable November 16. 1931, to stockholders <k record October 31,1931. BERNARD P. SHEARON, Secretary.

New York Stocks — IBv Thomson St McKinnon 1

1 By United Preen NEW YORK, Oct. 23 Sales on the New York Stock Exchange today totaled 1,300.000 shares. Curb stock sales totaled 250.000 shares. —Oct. 23 Prev. Railroads— High. Low. Close, close. Atch;son 113% 110’* 112 • 110% Bait & Ohio. 37% 35% 37% 35% | Chesa At Ohio 32% 30% 32 30% Chesa Corp ... 24% 23% 23% 24 Chi Grt West.. 4% 4% 4% 4% Chi N West.... 16% 15% 15% 15% C H I <fc P.. . 25% 24% 25 24 Del Ac W 38 37 38 36% I Del Ac Hudson .102 98% 101% 98 Erie :... 13% 12% 13% 13% Erie Ist pfd . . 18% 18% Great Northern 26% 25% 26% 25% Illinois Central. 27% 25% 26% 27% Kan Cltv So 14% Lou Ac Nash 38 37 37 37% M K Ac T 8% 8 8% 8% |Mo Pacific. 15% 13% 14% 13% iMo Pacific Did 38% 37 38% 36% N Y Central.. 58 54% 56% 55% i Nickel Plate 13% 13 13% ... : NY NH Ac H. 44% 42 44% 42 Nor Pacific ... 24% 23% 24% ... O Ac W' 9% 9 9% 9 Pennsylvania 33% 32% 33% 32% Reading ... ... 55 Seaboard Air L. . % % So Pacific 53% 51 53% 50% Southern Ry ... 17% 16% 17% 16% St. Paul . . 3% 3% 3% 3% St Paul pfd 5% 5% 5% 5% St L Ac S F 9% 9 9% 9 Union Pacific ..114 112 1H 110% Wabash 7% 7% 7*l 7% W Maryland .. . 9%. 8% 9% 8% Am Car & Fdy 13 13% ! Am Locomotive. . . 11 ... i Am Steel Fd . . . 11% 11 11% 11 Am Air Brake S 22 22% | ; Gen Am lank. .. 46 45 General Elec ... 32 31% 32 30% Gen Ry Signal.. .. . . ... 35 ; , Lima Loco ... 19% 19% i Press Sti Car ... 2 2 ! i Pullman 27% 27 27% 27% i Westingh Ar B. 19 18 19 18V 8 1 Westingh Elec.. 49% 47% 49% 47%: Rubbers—- ! Firestone 14% 12% ! Fisk % ! Goodrich 7 6% 7 7 [Goodyear 26% 26 26% 25% [Kelly Sprgfid ... 1% 1% 1% 1% Lee Rubber 11,I 1 ,1% !U S Rubber .... 7% 7 7% 7% Motors— Auburn 131% 124% 131 124% Chrysler 15% 14% 15% 14% Graham Paige.. 2% 2% 2% 2% General Motors.. 27 25% 27 26 Hudson 10% 9% 10% ... HUPP 4% 4% 4% 4% Mack 21% 20% 21% 70% Nash 20 19% Packard 5% 5 5% 5% Reo 4% 4 4% 4% Studebaker 12 11% 11% 11% Yellow Truck... 5% 5% 5% 5% Motor Access— Bendix Aviation 18% 17 18 17 Borg Warner 13% 13 13% 13 Briggs 10>4 10 10% 9% Budd Wheel.... 4% 4% 4% 4% Campbell Wv 9% 9% Eaton ... ... 9% El Storage B ... 35% Haves Body ... ... 2 Houda 3% Motor Wheel ... 8% ...) Sparks W ... -4% 4% Stewart Warner ... 7% 7% Timkin R 011.... 25 24% 25 25 Mining— Am Metals 8 7% 7'% 7% Am Smelt 27% 26% 27% 26% Anaconda Cop.. 18% 17% 18% 17% Cal Ac Hecla.... 5 4% 4 5 Cerro de Pasco 17% 16% 17 15% Dome Mines .... 9 3% 9 9 Freeport Texas.. 22% 21 22 21% Granbv Corp... 10% 10 10% 10% Great Nor Ore.. 15% 15 15'% ... Howe Sound 14% n% 14% 15 Int Nickel 10% 10 10% 10 Inspiration .... 5% 5% 5% 5 Kennecott Cop.. 16% 15% 16'% 15% Magma Cop 11% 10% 11 10% Miami Copper.. . ... ... 4 Texas Gui Sul. 27% 26% 27% 26% Nev Cons 7% 7% 7% 7% U S Smelt 18 17% 18 17% Oils— Amerada ... . 15 14% 15 Am Republic . .. ... 2% 2% Atl Refining ... 18% 12% 12% 12% Barnsdall 6% 6% 6% 6'A Houston 6 5% 6 Indian Refining. 2% 2 2% ... Ohio Oil 8% 7% 8% 8 Mex Sbd 9% 8% 9 8% Mid Conti 7% 6% 7% 6% Phillips 6% 6 6% 6 Pr Oil Ac Gas... 7% 6% 7 8% Pure Oil 5% 5% Richfie'd % ... Royal Dutch ... 20% 20 20 20% Shell Un 4% 4% 4% 4 Simms Pt 5% 5% Sinclair 7% 6% 7% 6% Skelly 4'/a 4 Stand of Cal ... 33% 31% 33% 31% Stand of N J... 33% 32% 33% 32% Soc Vac 14% 14 14% 14% Texas Cos 19% 18% 19% 18% Union 4*tl 16% 15 16% 15'% Steels— Am Roll Mills.. 13% 12% 13% 12% Bethlehem 27% 26% 27% 27% Byers A M 21'A 19% 21 19% Cruc Steel 24 Inland 30 29% 30 30 Ludlum 7% . . Newton ... . ‘ '4 Repub I & S 7% 6% 7V 7 U S Steel 70% 68% 70% 68% Vanadium 21% 20 21% 20 Youngst S & W 14% Youngst S Ac T 22 21 22 22 Tobaccos— Am Sumatra 7 A Tob A (new I 90 89 90 89 I A Tob B (newi 93% 90% 93% 91 1 Con Cigars ... 21 Lig & Myers (B) 58% 57% 58% 57 Lorillard 13% 13% 13% 12 Reynolds Tob.. 39% 38% 39% 39 Std Com Tob ... ... 2 Tob Pr A 8% 8% Tob Pr B 2% . 2% 2% 2% Utilities— Adams Exp . .. 9% 9% Am For Pwr 18 16% 17% 16% Am Pwr & Lt... 21% 20% 21% 20'A A T Ac T 141 136% 141 137'A Col Gas & E 1... 22% 22 22% 21% Com Sc Sou ... 578 5% 5% 5% El Pwr &Li ... 247* 23% 24% 23% Gen J3as A 32% 33 Inti *T & T 19 17% 18% 18 Natl Pwr & Li.. 19 17% 18% 17% No Amer Cos .... 41% 39% 41% 39% Pac Gas &El 35% 35% Pub Ser N J 65% .63 65% 63Vi So Cal Edison... 35% 35% 35'/* 35 Std G& El 42 39 Ve 42 40 United Corp ... 14% 14% -14% 14'A Ut Pwr Ac LA. .. 13 12% 13 12% West Union 87 85‘/ 2 85% 87 Shipping— Ain Inti Corp A 9% 8% 9% 9% N Y Shin 4 United Fruit ... 34% 33'A 33% 33% Foods— Am Sug 43% 43 43 Armour A 1% 1% 1% 1% Cal Pkg 14% I Can Dry 20 19% .20 20 1 Childs Cos 13% 12% N3% 12% I Coca Cola 116% 113% lie". 113 Cont Baking A 7% 7% I Corn Prod 47 45% 47 45 !

Indianapolis Stocks

—Oct. 23Bid. Ask American Cent ffjfe Ins C0..975 Belt R R As S Yds Cos com... 28 33 Belt R R & Yds Cos pfd ... 49’- 54 1 ; > Bobbs-Merrill Cos io Central Ind Power Cos pfd 7% 60 70 Circle Theater Cos com 7%... Citizens Gas Cos com 10% ... 20 Citizens Gas Cos pfd 5% ... 94 100 Commonwealth Ln Cos pfd 7% 97 101 Commonwealth Loan Cos 8%.. 101 Hook Drug com 9V 2 ...- Indiana Hotel Cos Clavnool 105 Ind Hotel Cos pfd 6% 100 Indpls Gas com 6% 55’ /4 60 Indpis Pwr & Lt Cos pfd s’b% 90 95 Indpls P Wei Ln Assn cm 8% 50 Indpls St Railway i>/ 2 Indpls Water Cos pfd 5% 100 Pub Servos Ind 7% 72 Pub Servos Ind 6 % 70 80 Metro Loan Cos 8% 100 No Ind Pub Serv Cos pfd 6%.. 87’ 2 92’ 2 No Ind P Serv Cos pfd 5> 2 %.. 80 85 No Ind P Serv Cos pfd 7%.. 93 98 Progress 16 Vi ... E. Rauh & S Fert Cos pfd 6% 47 Shareholders Invest Cos 9 Ter Haute Tr fc Li Cos pfd 6% 90 Union Title Cos com 6% 10 Van Camp Prod Cos Ist pfd 95 Van Camp Prod Cos 2d pfd 8% ... 95 Backstay Welt Cos com 17 Ind Pipe Line Cos 8 9 Link Belt com 19 20 Lynch Glass Machine Cos com 12 13 1 2 Noblitt Sparks Industrials Inc 17 22 Perfect Circle Cos com .... 30 32 Real Silk Hosiery Mills. Inc... 314 4 Real Silk Hosiery Mills pfd. . 16 20 Standard Oil Cos (Indiana) 21 22 Ross Gear 18 20 Nptl Title 3 1 2 4 J D Adams Manufacturing Cos. 13 14 BONDS Belt R R <fc Stkv Yds Cos 4s. ... 90 Cent Ind Gas Cos 5s Central Ind P: Cos pfd 90 Citizens Gas Cos 5s 95 Citizens Street Railroad 5s ..20 Home T & Tof Ft Wayne 6s. 101% ... Indpls Power and Light Cos 5s 95 95% Indiana Service 5s 61 62 Ind Railways & Light Cos 55.. 85 Indpls Gas Cos 5s 95 Indpls Street Rys 4s 9 Indpls Trac Terminal Cos ss. 45 50 Indpls Water Cos s’ 2 s '53 97 Indpls Water Cos 5%s ’54 97 Indpls Union Rv 5s 95 Indpls Wa Cos Ist lien ref 55.. 92% .. Induls Water Cos 4> >s ... 93 ■lnterstate Pub Serv Cos 4* 1- s.. 77% 78% interstate Pub S Cos ißi 6%s 80 81 I No Ind Pub Serv Cos 98 99 Terre H T At L 5s

New York Bank Stocks

(Bv Thomson & McKinnon) —Oct. 23 Bid. Ask. America 41 43 Bankers ' 75 77 Brooklyn Trust 244 254 Central Hanover 168 172 Chase National 49% 511-. Chatham Phoenix Natl 34% 36% Chemical 3714 3914 Citv National 64® 66% Corn Exchange 78 81 Commercial .. iso 188 Continental 21 23 Empire 2 3$ First National 2.410 2 Guaranty 348 353 trving 25 26 Manhr.tA-n A- Cos 48% 50% Manufr.Alurers 39% 41% New Yol-k Trust 105 10$ Public 23 Z 311 4

Cudahy Pkg 37% 37 Cuban Am Sug ... J% 2% Gene Foods 37% 36% 37% 36% Grand Union . 11% 11% 11% 11% Hershev 83 82% #• 84% (Jewel Tea 31 30% 31 31 K ro er 21% 20% 21% 20% Sfaf L Biscuit .. . > 43% 46% 48% 46% PtJlsburv 24 , i 24 Purity Bak . 16% 15% 16% 15% Safeway St, ... 52% 80% 52% 50% Std Brands .... 15% 15% 15% 15 Drugs— Coty Inc 5% 5 5% 5 Lambert Cos .... 61 59 61 59% Lehn Ac Fink .. 24 23 24 23 Indstrials— Am Radiator ... 9 8% 9 8% Bush Term ... 17 Gen Asphalt ... 16% 15 16% 15% Lehigh Port 6% Otis Elev 26 25% 26 26 Indus Chrms— Allied Chem . . 88% 86 88% 86% Com Solv 12% 12 12% 12 Union Carb . 37 35% 37 36 U S Ind Alco .. . 30% 25% 30% 25% Retail Stores— Assoc Dry Gds 12% 11% 12% 11% Gimbel Bros 3% 3% 3% 3% Kresge S S 23% 22 23% 23 May D Store 26% Mont Ward . 13% 12% 13% 12' Penny J C 35% 34 t 35% 34% Schulte Ret St 1 ... 4% Sears Roe 43% 40% 43% 40-'. Woolworth .... 56% 54% 55% 54% Amusement*— Col Graph 6% 5% 6 5% Eastman Kod ..113% 102% 113% 108% Fox Film A B'A 7% 8 7% Griesbv Gru 2% 2 2'/ 2 Loews Inc 37% 36% 37% 36% Param Fam 14% 13% 14V* 13% Radio Coro 14% 13% 14% 13% R-K-O 9 8% 9 8% Warner Bros ... 7 6% 7 6% Miscellaneous— Cltv Ice Ac Fu... 28% 28% 28% 23 Congoleum 11 10% 11 .0% Am Can 87 83% 87 83% Cont Can... . 40% 38% 40% 39 Curtiss Wr 2 2% Gillette S R 16% 15% 16% 15% Real Silk 4 3% 3% 3% Un Arcft 17 16% 17 16%. Int Harv 29% 27% 29% 28 J I Case 52% 49% 52% 49

BRIGHT FUTURE PREDICTED BY STEEL LEADER Increased Interest, Better Sentiment Shown at Institute. By United Preen NEW YORK, Oct. 23.—Sentiment in tlie steel industry is a little better and some consumers are showing slightly more interest in their steel requirements, according to Eugene G. Grace, president of the Bethlehem Steel Corporation. Grace made these remarks informally in advance of the meeting of the American Iron and Steel institute being held here today. He added that one of the most encouraging business developments recently has been improvement in the prices of commodities. “This is one of the first directions in which betterment should be noted,’” Grace said. He stated Bethlehem Steel has been operating at a rate of about 32 per cent thus far in October, about the same rate which, prevailed in September. Foundation Being Laid T. M. Girdler, chairman of the Republic Steel Corporation, said the steel industry was laying the foundation for improvement in 1932. ✓ “The steel industry,” Girdler said, “is operating at less than 30 per cent and the time for the usual fall busy spell is about over. On every side, however, we see signs of better conditions, and it is my feeling that the last months of this year will be relatively better than they usually are. “Once in a long while we strike a year-end that is good in the steel business. I see no chance for large improvements, but I think we are preparing the foundation for a much better 1932.” Business of National Steel Corporation has improved since Oct. 1, E.. T. Weir, chairman of the corporation said, adding he believed the low point had been seen in the steel industry generally. Business On Upgrade “Since Oct. 1” Weir said, “our business has improved and I firmly believe we have seen the low point in the steel industry. Our volume of orders over the past w r eek has been heavy, that is in number of specifications, the tonnage for each one being small. This indicates, however, that inventories finally have reached rock bottom and fabricators are under necessity of taking in material to cover whatever business they are able to pick up themselves.” Weir found sentiment generally better and a willingness on the part of buyers to contract into next year for the lines on which books have been opened for that advanced delivery. He stated wage reductions made effective Oct. 1, were well received and added the labor situation “can be said be in excellent shape.” L. E. Block, chairman of Inland Steel Company reported evidences of a better feeling and more confidence.

Sentiment More Cheerful “There should be no further dwindling of steel production, he said, as there are definite feeling in many directions of better and more confident outlook for the future. “This has been strengthened recently by announcement of the President’s plan and belief that liquidation has run its course.” George M. Verity, chairman of American Rolling Mill Company, believed a new’ foundation of confidence is in the making, following events of the current year, and especially of the last ninety days. L. E. Gohegan, vice-president of Gulf States Steel Company, reported sentiment in the south somewhat more cheerful than in the north. “The steel business is as dull as in the north,” he stated, “but operations should work gradually higher in the near future. Normally our peak season is in September, October and November and another bulge generally takes place in the spring. Ido not expect any large upturn this fall, however.”

New York Curb Market

(By Thomson Sc McKinnon) —Oct 23 Close.! Close. Alum Cos of Am 81 Int pet *. 10% Am Cynemid . 4 T S Midwest Ut ... 11% Am Gas & El 44 T rMo Kan Pipe... 2% Am Lt & Trac. 27% Mb Prod 3% Am Sup Pwr... 7 | Nat Inves 3 Ark Gas A 3 Newmont Min.. 19% Ass Gas <fc El 7 Nia Hud Pwr.. 8% Braz Pwr & Lt 11% Penroad 4 3 8 Can Marc 1% St Regis Paper 7 Cent Sts Elec.. 3% Salt Creek 4% Cities Serv .... 7 3 , Shenandoah ... 2 Cord 7 So Union Gas.. 4-\ Deere & Cos ... 14 Std of Ind 214Elec Bnd & Sh. 22% Std of Ohio . 40'a Ford of Can... 12% Stutz 15% Ford of Eng ... 7% Un Gas A . 3 3 * Fox Thea 2 Un Lt & Pwr . 12% Goldman Sachs 47’ 5 Un Verde 5 3 * Hudson Bav .. 2 3 4 tit Pwr B ... 4% Humble Oil ... £7 Van Camp 4 imp Oil of Can United Fndrs .. 4 3 4 Insull Ut 13%;

THE INDIANAPOLIS TIMES

GOOD DEMAND SENDS SWINE PRICES HIGHER Indications Are Sharply Lower in Cattle Market. Hogs turned about for fractional gains this morning at the union stockyards, receipts throughout the circuit falling slightly below a good j normal trend. Most classes were up | 5 to 15 cents. The bulk, 160 to 350 pounds, sold for $5.20 to $5.50; early top holding at $5.60. Receipts were estimated at 7,000; holdovers were 154. Trade was exceptionally quiet in cattle, beef steers holding steady. She stock was at a standstill with indications sharply lower. Receipts were 800. Vealers sold off 50 cents at $8 down. Calf receipts were 500. Lambs regained a part of recent losses with prices up 25 to 50 cents this morning. The bulk sold for $6.50 to $6.75; early top pegged at $7. Receipts were 1,100. Chicago hog market moved slightly higher this morning, with a few scattered early sales and bids strong to 10 cents up from Thursday’s average. Hogs weighing 200 to 240 pounds sold at $5.25 to $5.40, while best kinds held around $5.50. Lighter weights scaling 140 to 180 pounds sold at $4.85 to $5.10. Cattle receipts 1.500. Calves 700, market unchanged. Sheep receipts were 11,000, market around 25 cents higher. HOGS Oct. Bulk. Earlv Too. Receipts. 16. ss.3o'® 5.50 $5.50 6,000 17. 5.40® 5.60 5.60 2.500 19. 5.40® 5.60 5.70 7 000 20. 5.40® 5.50 5.50 8.000 21. 5.25® 5.40 5.40 8.000 22. 5.25® 5.35 5.35 7.000 23. 5.20® 5.50 5.60 7,000 Receipts, 7,000; market, steady. —Light Lights—-(l4o-1601 Good ad choice $5.00 —Light Weights—-(l6o-1801 Good and choic.. . 5.20 (180-200) Good and choice... 5.30 —Medium Weights—-(2oo-220) Medium and g00d... 5.35 (220-250) Good and choice... 5.35® 5.45 —Heavy Weights—-(2so-290) Good and choice. . . 5.50® 5.60 (290-350) Medium and g00d... 5.30® 5.40 —Packing Sows—-(27s-500) Medium and good 4.00® 5.00 (100-130) Slaughter pigs ... 4.50® 4.75 CATTLE (Slaughter Class) Receipts, 800; market, steady. —Steers — Good and choice $ 8.00®10.50 Common and medium 5.00® 8.00 (1.100-1.500) Good and choice 7.75®10.50 Common and medium 5.50® 7.75 —Heifers—-(soo-850) Good and choice 7.00® 9.50 Common and medium 3.50® 7.00 —Cows— Good and choice 4.25® 5.50 Mediun 3.00® 4.25 Cull and common 1.50® 3.00 —Bull (yearlings excluded) — Good and choice beefs 3.50® i.50 Cutter, common and medium.. 2.00® 3.50 CALVES AND VEALERS Receipts, 500; market, lower. —Vealers— Good and choice $ 7.50® 8.00 Medium 5.50® 7.50 Cull and common 3.50@ 5.50 —Calves— Good and choice 5.50® 7.50 Common and medium 3.0® 5.50 STOCKERS AND FEEDER STEERS Good and choice > 5.00® 6.75 Common and medium 3.00® 5.00 (800-1,500) Good and choice ... _ 5.00® 6.75 Common and medium 3.00® 5.00 SHEEP AND LAMBS Receipts. 1,100; market, higher. Good and choice $ 6.00® 7.00 Common and medium 3.50® 6.00 Ewes, medium and choice 1.25® 2.50 Cull and common 50® 1.25

Other Livestock By United Press CHICAGO. Oct. 23.—Hogs—Receipts, 19,000; including 6.000 direct; steady to 10c higher; lightweights up most; 220-300 lbs., $5,300/5.50; top $5.50; 140-210 lbs., $4.85(W 5.30; pigs, $4.50@5; packing sows, $4.65(7/} 5.10; light lights, 140-160 lbs., good and choice, [email protected]; medium weights. 200250 lbs., good and choice, [email protected]: heavy weights, 250-350 lbs., good and choice. [email protected]; packing sows, 275-500 lbs., medium and good, $4.60® 5.15; slaughter pigs 100-130 lbs., good and choice, $4.50(7/ 5. Cattle —Receipts, 1,500. Calves—Receipts, 700; daughter steers and yearlings mostly steady; plainer kinds slow; she stock very dull at week’s sharp decline vealers steady and bulls weak; slaughter cattle and vealers; steers 600900 lbs., common and choice, $8.25®:11; 900-1,100 lbs., good and choice, $8.25® $11; 1,100-1,300 lbs., good and choice, $8.25 (fill; 1.300-1,500 lbs., good and choice. 58.25 @11; 600-1,300 lbs., common and medium s4rt/ 8.25; heifers, 550-850 lbs., good and choice, $6.25,@10.25; common and medium, $3.75@5: common and medium, [email protected]; low cutter and cutter. $1.50®2.50; bulls yearlings excluded good and choice beef. $4.25@5; cutter to medium. [email protected]; vealers milk fed. good and choice. $6.75@ 8: medium. [email protected]: cull and common, Ss@6; stocker and feeder cattle; steers, 500-1,050 lbs., good and choice, ss® 6.75: common and medium. $3.50 (g®. Sheep— Receipts, 10,000; generally steady to strong; good and choice natives and range lambs, $5.75®6.25 to packers; outsiders upward to $6.60; throwouts, $3.50® 4.50. according to kind; fat ewes. $1.75 '5 2.50; lambs 90 lbs. down, good and choice, [email protected]; medium, [email protected]: all weights common. $3.50@5; ewes. 90-150 lbs., medium to choice, [email protected]; all weights cull and common. 75cf/$1.75: feeding lambs. 50-75 lbs. good and choice. 55®5.60. By United Press , Oct. 23.—Hogs—Receipts. ?-A 00 ,v he ' dovcr - fairly active, weights. 180 lbs. up mostly 10c higher; spo's on more on heavy butchers: better grade mostly $5.60: some 310 lbs., $5.40: lighter weights, steady; 130-170 lbs.. $4.75@5 25; sows, steady to strong. [email protected]: smooth light weights. $4.75. Cattle—Receipts. 500calves. 300. slow about steady; odd lots common and medium steers and heifers. $4.25 1 @6.25: a few better finished kind upward to $7.50: a few fed vearlings. $3: most beef cows. [email protected]: bulk low cutters and cuters. [email protected]: bulls, draggy at $4.25 down: good and choice vealers. steady to 5Cc lower at $7.50®8.50: lower grades unevenly lower at $7 down. Sheep —Receipts. 700: steady: better grade ewe and wether lambs. $5.50®6: common and medium. $4®5.25: skips downward to $3 or below; fat ewes mostly $1.50 down. By United Press EAST BUFFALO. N. Y.. Oct. 23.—Hogs— On sale. 2.400: active to all interests: mostly 10c higher: bulk desirable. 175-240 lbs.. $5. ,5® 5.85: 160-170 lbs.. 55.60ffi5.70; 150 lbs. down. [email protected]. Cattle—Receipts. 250: slow, steady: common grass steers. 64. <5: bulk unsold: cutter cows. [email protected]. Calves—Receipts. 550: vealers. 50c lower: slow at decline: god to choice. [email protected]: common and medium. $6®7.50. Sheep— Receipts. 2,500: holdovers. 600; iambs, falrlv active: steady; good to choice. $6.50 to largely $6.75: medium kinds and fat bucks. $6: strongweight throwouts. 54.75@5 III! United Press , CLEVELAND. Oct. 23. —Hogs—Receipts. 1.300: holdover, none, steadv; 200-300 lbs. sorts. $5.65: 160-190 lbs.. $5.50: light lights and pigs $5. Cattle—Receipts. 400: slow, oniv scattered sales around $5®5.50 on common kind: trade stickv with weak to lower tendencies: low grade cows also weaker: cutter grades. 51.50@3 50: few common. $4. Calves—Receipts. 150: steady on better grades around $9.50® 10: but plainer kind slow: some lower grades unevenly lower: common to nearly good kind, 56.50@9: some cull under $5. Sheen —Receipts. 1.100: steady fat lambs, upward to $6.50®6.75: cull to medium. [email protected]: bulk around $5: fairly numerous at $5.25. By Times Special -„t OUs ® v f Ij LE. Oct. 23.—Hogs—Receipts. rOO: 10c higher: 175-240 lbs.. $5.30: 240-300 I lbs $4 30: 300 lbs. up. 53.95: 130-175 lbs.. s4.io: 130 los. down. 54.60: packing sows $2.80®3.55: stags. $2.55 down. Cattle—Receipts. 250: steadv: beef steers, mostly. [email protected]: medium and good heifers. ss® 6.50: slaughter cows, $4 down: bulls. $3.25 / 4: stockers and feeders. s4®6. Calves— Receipts 400: steadv: best vealers. C 6.50: medium grade. $3.50®4.50: culls. $3 down. Sheep and lambs—Receipts. 150: teadv: best fat lambs. $6: buck lambs. $5: throwouts. $3 down. Thursday’s shipments— Cattle. 67: calves. 65: hogs, none: sheep. 52. lly United Press PITTSBURGH. Oct. 23.—Hogs—Receipts. 2 800: market, steadv to 15c higher; 20020 lbs.. $5.75® 5.90; 250-290 ibs.. $5.50® 5.75; 140-180 lbs.. 50.40® 5.35: packing sows. *4 25 O 4.75. Cattle—Receipts. 25: mark® nominally steadv. Calves—Receipts. 100 market steadv: top vealers. $9.50: medium to good grade. $5.75a8.50. Sheep— Receipts 1.500: market. steadv: choice htndvv. eights lambs. $6.75: bulk. $5.75® 6.50: medium grades down to *4.50; aged stock scarce.

Dow-Jones Summary

i Minneapolis Ac St. Louis railroad reports September gross at $868,058. against sl.260.254 in September 1930. Net operating revenue after operating expenses was $104,107. against $384,298. E. I. Du Font De Nemours * Cos. fn nine months ended Sept. 30. earned 53.31 a common share, aganist J3.RB in like 1930 period. September quarter SI.II. against $1.22 in previous quarter and $1.05 in September. 1930. quarter. New York cables opened in London at 3,91. against 3.93; Paris, checks. 99.375; Amsterdam. 9.625; Italy, 75.00. and Eerlin. 16.75. Southern California Edison September balance after taxes and charges, but before depreciation amounted to $1,883,357. against $2,201,531 in September, 1930. Nine months $14,990,893. against $15,394,853. Reading Company declared the regular quarterly dividend of 50 cents on first preferred stock, parable Dec. 10. of record Nov 19. Daily average volume of federal reserve bank credit outstanding during week ended Oct. 21 was $2,278,000,000. increase of $242,000,000 over previous week and 51.250.000.000 over like 193 C period. Sun Investing Company declared the regular quarterly dividend of 75 cents on $3 convertible preferred stock, payable Nov. 1. of record Oct. 30. COLLEGE SPIRIT BRANDED ’BUNK’ Lehigh Dean Says Loyalty Stuff Is ‘Hokum.’ By United Press PROVIDENCE. R. 1., Oct. 24. Dean diaries Maxwell McConn of Lehigh university, addressing Brown’s faculty and undergraduates described “this college spirit and loyalty stuff” as pure “hokum.” The college, the student, and the world in general benefit far more from scholarly attainment than from athletic activities, mistakenly believed to be better character builders than studies are, he said. By United Press NEW BRUNSWICK, N. J., Oct. 24.—Dr. Phillip Brett, acting president of Rutgers university, by legend probably the nation’s most famous exponent of college spirit because of the immortal phrase, “I’d die for dear old Rutgers,” said he preferred not to be drawn into the discussion. However, he allowed himself to be quoted as saying, “You and I both know that there are some academicians who are not interested in the various college enthusiasms just as we know there is a great deal of loyalty and patriotism to be found.”

In the Cotton Markets

(Bv Thomson & McKinnon) NEW YORK, Oct. 23.—There was only a moderate business in cotton this morning. There was the usual trade buying of December contracts at the start. Various reasons are assigned for the lack of hedge selling recently, but none of them seems better than that the south is sure of acreage reduction next year and those producers who are financially able to do so are content to wait for the price advance it is more than likely to produce. We think well of purchases when made on reactions. —Oct. 23 CHICAGO High. Low. Close. January 7.16 6.83 7.15 March 7.29 6.95 7.29 May '. 1,49 7.17 7.49 July 7.70 7.35 7.70 October .... 6.96 December 7.07 6.71 7.07 NEW YORK High. Low. Close. January 7.04 6.70 7.03 March 7.17 6.86 7 15 May 7 33 7.04 7.32 July 7.53 7.22 7.52 October 6.59 6.46 6.59 December 6.93 6.61 6.91 NEW ORLEANS January 7.05 6.73 7.02 March 7.18 6.85 7.18 May 7.32 7.06 7.32 July 7.51 7.24 7.51 October 6.7S 6.48 6.78 December 6.96 6.60 6.93 Other Livestock By United Press EAST ST. LOUIS. 111.. Oct. 23.—Hogs— Receipts. 7,000; market, opening slowearly sales, 180-220 lbs., 10® 15c higher than Thursday’s average at $5.25®5.45: top, $5.45: 140-160 ibs.. $5®5.20; sows unchanged at s4® 4.75. Cattle—Receipts. 1.100; calves, receipts 1.400; market, not enough native steers on sale to make a market: vealers steady to 25c lower at $8; ohter classes cattle weak, mostly on a cleanup basis: some western sters at $5.25: top sausage bulls. $3.50; not enough sales of other classes worth mentioning. Sheep —Receipts. 1,000: market not developed: indications steadv: lambs. 90 lbs. down, good and choice. [email protected]: medium. $4.50 ®5.50: all weights, common. $3.25®4.50: ewes, 90-150 lbs., medium to choice, $1.25 @2.50: all weights, cull and common. $1 @1.50. By United Press FT. WAYNE, Oct. 23.—Hogs. 10c to 15c higher: 100-120 lbs., $4.25: 120-140 lbs. $4.60: 140-150 lbs.. $4.75: 150-160 lbs. $5-160-180 lbs.. $5.05: 180-200 lbs., $5.10: .00225 lbs.. $5.20; 225-250 lbs.. $5.30; 250-300 lbs., $5.20: 300-350 lbs.. $5.10: roughs $4; stags. $2.50: calves. $8: lambs. $5.50. By United Press TOLEDO. Oct. 23.—Hogs—Receipts. 150; market, steady; heavies. $5 @5.25: mediums. [email protected]: Yorkers, $4.50@4 75pigs. $4.50® 4.75. Cattle—Receipts lightmarket, steady* Calves—Receipts, lightmarket, steadv. Sheep—Receipts, light: market, steady. By United Press LAFAYETTE, Ind . Oct. 23.—Hogs Market. s@2oc higher; 250-300 ibs., $5'’.25-300-325 lbs., 55.10: 225-250 lb®, $5.15- 200225 lbs.. $5.05: 180-200 lbs., $5; 130-180 lbs., $4.90; 140-160 lbs., $4.60; 120-140 lbs.. $4.35; 100-120 lbs., $4.10; roughs, $475 down; top calves, $7; top lambs, $5.

Local Wagon Wheat

City grain elevators are paving 41c for No. 2 red wheat and 40c for No. 2 hard wheat. NEW YORK COFFEE RANGE —Oct. 23 .. High. Low. Close. March 5.31 5.24 5.30 May 5.41 5.41 5.41 Julv 5.51 5.43 5.51 September 5 60 December ... 5.07 Births Boys Oren and Mabel Van Camp, 3916 North Tacoma. Homer and Inamae Ayers. 21 West Pleasant Run Blvd. Wayne and Violet Ross. 301 West Morris. Daniel and Ila McGathy. 826 Park. James and Sylvai Taylor. 1730 Parker. Harry and Myrtle Hood. 2621 Eastern. John and Zettie Hanner. 2408 Southeastern. John and Clara Hobbs. 453 Minerva. Herbert and Rose Taylor. 1316 East Tweny-flrst. Lacy and Alice Wilson. 1004 Castle. Alexander and Anna Jones. 1402 RooseI velt. Car! and Mary Dominick. 122 Richwine. Eawmond and Rosalie Hebble. Coleman , hospital. Meredith and Ruth Ridlen. Coleman hospital. Clifford and Hazel Napper. 1207 Broadway. Girls Rov and Thelma Gaither. 645 South Missouri. Harold and Frieda Peterson. 1619 Lawton. Robert and Mary Gohaeon. 2024 Alvord. Paul and Rose Stuckv. 607 Lincoln. and Louise White. 1012 North Donald and Laura Brown. 2109 Bluff road. Francis and Dorothea Padgett. 2330 West Morris. James and Maggie Crawford. 1614 West New York. Wilbur and Annetta Henslev. Coleman 1 hosoital I Jemes apd Loretta Brown Coleman hospital. < Noble aid Roberta Richardson, 1235 S. Grant.

GRAIN OPTIONS UP ON STRONG FOREIGN NEWS j All Futures Close Strong on Buying Late in Session. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Oct. 23.—Wheat develcped a strong undertone during the late trading on the Board of Trade today and ran up nearly 3 cents from the early lows with Maytouching 58 %, anew high on the crop and more than 10 cents above the recent low mark. Reports of good export business in hard winters lent encouragement, while the aggressive support was renewed and shorts sought to cover and stop loss orders were picked up in the late advance. Corn rallied with wheat and scored good gains. Oats advanced fractionally. Finish Is Strong At the close wheat was 1% to 2U cents higher; corn was to 1 cent up, and oats was % to 5 s cent higher. Provisions were easy. A lower sterling exchange was a factor in Liverpool’s unchanged to 1 2 cent higher finish. Reports of 1,000,000 to 1.500.000 bushels of hard winters sold at the seaboard Thursday became an important factor near the close. The farm board is expected to advance its prices fractionally today. The announcement of total stocks held by that organization is being awaited with interest. Cash prices were 1 cent lower. Receipts were thirty-eight cars. Corn Demand Good Corn lost a major fraction on local pressure at the start and made only a small recovery to stand V> to % cent lower at mid-session. New York reported inquiries for corn to export, something unheard of in recent months, but it had no effect. Cash prices were 1 cent lower on old and 1 to 2 cents off on new. Receipts were 153 cars. Oats moved in sympathy wilh the major cereals, but trade was very dull and uninteresting and prices held unchanged to Vs cent higher at nPiidmorning. Cash prices were unchanged. Rec#ipts were thirty-nine cars, Chicago Grain Range —Oct. 23WHEAT— p rev . Open. High. Low. Close, close. Dec.. .52% .54% .51% .54% 52% Mar.. .55% .57% .54% .57%. .55% May.. .57 .59% .56 .59 56% July.. .57% .59% .56% .59% .57'% CORN- 658 3714 - 35 ’ 2 37 ' 8 ■ 36 ' ;; Mar.. .38% .40% .38 .40 .39 May.. .40 A .41% .40 .41% .40% July.. .42% .43% .41% .43% .42% OATS- 23 ' 8 ' 23 ' B 2278 2358 23 May.. .25% .26 .25% .25% 25% July.. .25% .25% .24% .25% !25% D rye-' 8 ' 4IJB 39 '* 411 8 - 39^ May .44% .45% .43% .43% .44 LARD—get.. L9O 7.92 Nov.. 7.40 7.50 7.40 7.50 752 Dec.. 6.55 6.55 6.52 6.52 6.57 J “bellies? 630 625 627 630 Oct 7.40 7.40

Cash Grain

„ —Oct. 23 The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b. shipping point, basis 41'/ 2 c New York rate, were: Wheat—Firm; No. I red. 43@44c; No. 2 rfed, 42@43c; No. 2 hard, 42® 43c Obrn—Steady (new)—No. 3' white, 32@ w%, N0 %, 4 Y h,t ?f 30r :' 31c : No. 3 yellow, 3 0@3ic; No. 4 yellow. 28® 29c; No. 3 mixed 28® 29c: No. 4 mixed. 26® 28c Oats—Steady: No. 2 white. 20@21c; No. 3 white. 19@20c. (S t ,/ ady ! f - 0 - b - country points Jt x? r less rates to Cincinnati or Louisville); No. 1 timothy, $7®.7.50; No. 2 timothy, $6®6.50. —lnspections—a No 2 red, 10 cars; No. 3 red, i S ’xT No k 2 hayd - 1 ca % No - 2 mixed, 1 car, No. 5 mixed, 1 car Total. 16 cars. Corn (new)-r-No. 1 white, 1 car; No 2 white, 3 cars; No. 3 white, 1 car- No 4 white, 2 cars; No. 5 white, 1 car; No. 1 ?, cars: No. 2 yellow. 19 cars; No. 3 yellow, .3 cars; No. 4 yeilow, 12 cars- No cars’ 1 Car ’ N °’ 8 yei!ow - 2 cars - Total. Oats—No. 2 white, 2 cars: No 3 white 24 cars: No. 4 white. 1 car. Total, 27 cars. By Times Special .° ct - 23 -—Carlots—Wheat, 35; con, 163, oats, 41; rye. I, and barley, 12. By United Press WhM^Nn o, 3 °r C eH 2 5 3 -i~ C M Sh Rrain close; wneat—No. 3 red, 53c; No. 4. 49'/ 2 c: No m S4U o C: ? Io - j 2 - 53' 2 @54c: No.' 3, No. 2 mixed. 53cc: No. 3. 51%®) 2? lC - Corn—No. 1 mixed. 38c: No 2 3, 3. '[email protected]: No. 4, 37®37%c; NO 3 V & l °T%2f'' 3B 2C: No - 2 - 38@38Uc i Mrr4/ 37 ' 4C: new 34 *4 @34% c: No. 4> new. 33!a@34y 2 c; No 5 new’ Bi3/ /2 ® 33 K iC: e No - 3 white. 38® 38 t'ac; new 3 43 /cc, No. 5 new. 32’ >c. Oats—No 4 wh' te - 24 ®24’,c; No. 3. 22 3 4 @23%r- No £. 22c- Rye—No. 3.49 c. Bariev-40® 57c Timothy—[email protected]. Clover— $10.75® 14.25. By United Press TOLEDO. 0.. Oct. 23.—Close: Elevator Rtupes—AY heat No. 2 red. 57>/ 2 @sßy-c Corn—No. 2 vellow. 43%®44%c Oats’— rnOim 2 2 hi t te ’ 271 2 ®28%c; old oats, premium. 3 to 4 cents. Rye—No 2 47c Gram on track. 28%c rate. Wheat—No’ rnrn d ’ v 2 ii® 53 c: No. 1 red. lc premium! Corn—No. 2 vellow .3-7! 2 ®39’ 2 c: No 3 velIr^;. 3 m /2 ®! 8 ' /2 £:,. Oats—No. 2 white. 24V 2 fr 26cc. No. 3 white. 23(®25c: old oats, prei 111 !? 1 ”- AcP 4c - Clover—Prime. $7.50: October. $7.50: December. $7.75; February. $8 Alsike—Cash. $7.50: December. $7.75: Dehniary. SB. Butter—Fancy creamerv. 35®36c. Eggs—Current receipts. 28®30c. Hav—Timothy per cwt.. SI.OO. e n 9 ct - 23.—Primary receipts: Wheat. 1.422,000 against 870.000: corn. 518.2S?„2? amst 516.000: oats. 270.000 against S2J-292- Shipments—Wheat. 792.000 against 861 000: corn. 464.000 against 433.000: oats. 67.000 against 570.000.

In the Stock Market

- T 'Bv Thomson & McKinnon) NEW YORK, Oct. 23.—The improved tone of the market was largely traceable to reassuring cables from Japan on the Manchurian situation and the better tone of domestic news. The prospect of the railroads agreeing to the plan of relief suggested by the I. C. C. served to improve sentiment. To this end, the executives of the steel industry ip attendancee at the steel institute meeting also contributed, by more encouraging remarks concerning the business outlook. Reports of trade generally were more favorable, with miscellaneous lines of industry picking up in activity. Basic industries disclosed no particular improvement. The market, however, lacked spirited action until pressure upon the rails lifted which was influenced by reports of voluntary wage, reductions accepted by certain railroad employes. Late in the day a brisk advance in the wheat market was an added stimulant. The market plainly shows ability to respond to constructive news, reflecting its thoroughly liquidated condition. No further proof of this is hardly needed than the deflated brokers’ loan account. In our opinion the demand for securities on the declines is steadily growing more confident. New York Liberty Bonds —Oct. 23 3%g ea.io let 4’,s 101.6 4th **• lf'l ’9 Treasury 4%r- 10-*.so Tressurv 4-. 'o2.'Trca. urv 3-%s . . % 99 23 Trvas"rv 3 3 of 47 ; 6.15 T-f isurv 3%s of ’43 96.16 Zie&sUrv 3& 92.2*

Bright Spots of Business

Bv United Press NEW YORK. Oct. 23.—Optimism regarding the general business situation still in svdence. according to Bradstreet’s weekly review. BOSTON—New England Telephone and Telegraph Company reported lor the nine months ended Sept 30 r.et income of $8,968,211. against $8,510,237 in the like 1930 period. UTICA. N. Y.—Globe Woolen Mills, a unit of the American Woolen Company in Utica, will reopen within six weeks and employ 800 workers, it was announced. CLEVELAND—City Ice and Fuel Company reported for the nine months ended Sept. 30 anew high record net income of $6,021,108. compared with $5,683,249 in the first nine months of 1930. RICHMOND. Va.—National Distillers Products Corporation reported for the nine months ended Sept. 30 profit, before federal taxes, of $376 516. against $344,654 in the like 1930 period. NEW YORK —Spencer Kellogg Ac Sons. Inc., reported for the vear ended Aug. 29 net profit of $643,518. against $636,614 in the preceding year.

Chicago Stocks

(Bv James T. Hamill & Co.l TOTAL SALES. 56.000 SHARES High. Low. Close. Allied Products 10 Assoc Telephone Util... 17% 17% 17% Bendix Aviation 18% 17% 18% Borg-Warner 13% 13 13% Brown Fen & Wire A. 9% Brown Fen & Wire B. . 2% .. Butler Bros 3% 3% 3% Cent Pub Serv Class A 4% 4 4% Cent Ac So West 10 9% 10 Chicago Yellow Cab 14% 14% 14% Cities Service 7% 7% 7% omomnwealth Edison .148 144% 148 Continental Chicago 2% 2%. 2% Continental Chicago pfd 25% 25 25% Cord Corp 7 6% 7 Corp Securities 7% 6% 7% Corp Securities Ctfs. .. . 28' 2 Electric Household 8 Great Lakes Aircraft... 3% 33% Grigsby-Grunow 2% 2 2% Insull Util Invest 13% 12% 13% Ins Util Inv pfd 2d Ser 47% 46 47% Kellogg Switch com . 5 4% 4% Libbv-McNeil 7% Middle West Util 11 ' lfi% li Midland United 12% ilv 12 Mo Kan Pipe Line 2% 2% 2% Natl Slec Par A Natl Repub Inv 4% ... Natl Secu Invest 1% ... Natl Sec Inv ctfs 38% 38 38% Natl Standard 25 24 25 Parker Pen 97 8 9 97, Perfect Circle 31 Pines Winterfront .... 12% ii% i2% Seab Util shares 2 Southern Union Gas. 4% 4 4% Swift Ac Cos 23% 23 23 % Swift Internacional .... 30% 30% 30% U S Gvosum com 28 HA R 2 di ?. & Tel 18% 16% i#% Utah Radio ]% Utility Ac Ind 4% 4 ’’4 Utility Ac Ind pfd 13% 13'* 13c Walgreen 13% 13 13% Zenith Radio 1% . .

Net Changes

By United Press NEW YORK, Oct. 23. Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: American Can 87 ??* Amer & Foreign Power 17% 1% American Smelting 27% 1% American Telephone 141” 3% Anaconda 18% Atchison ! 112% 2% Auburn 131 6% g.vers 21 1% Case 52% 3% Consolidated Gas 7.Vf 1% Du Pont 59% 1 % Electric Power ’ 24% 1% General Electric 32 * 1% General Motors .... 27 1 Gillette . ’ igsg Inti Telephone .’ 18% % Kennecott 16% % Loew’s. Inc ’* 37% 1% Montgomery Ward " 13% 1% m & sentf ent Y al 56% 1% North American 41% 2% Paramount 14% 54 Pennsylvania 33% 54 Public Service 65% 2% Radio 14% 3/. Radio-Keith 9 % Sears Roebuck ‘ 4334 2% Standard Oil. N. J " 333.. i*. Texas Corp 19% Union Carbide * 37 1% United Corp " 147/- s; u. s. steel ; 70% 2% Vanadium ’ 21% 1% Westinghouse Elec 49% 1% Woolworth ;; 537.; !*£

Produce Markets

, Eggs (country runt—Loss off delivered in Indianapolis. 18c: henerv duality No i 21c: No. 2. 12c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 16c: under 5 lbs.. 15c: leghorn hens. 12c: broilers, full featnerer. 3‘/ 2 s lbs. and up, 14c: bareback, lie: Leghorn broilers. 12c: spring chickens. 4 ,/ 2 lbs and up. 14c; under. 14c: old cocks. B@9c: ducks, full feathered. 9c: geese. 6c. These prices are for No 1 top duality auoted bv Kingan & Cos. Buter (wholesale)—No. 1. 37@38c- No ■> 35® 3 6c. Butterfat—33c. Cheese (wholesale selling price per pound i—American loaf, 233,4 c: pimento loaf. 25-/4c: Wisconsin firsts. 19c: longhorns. 19c: New York limberger. 30c. By United Press NEW YORK, Oct. 23.—Potatoes—Market good demand: Long Island. 65c® $2 barrel-’ N , e ?!,^ Jprsev - 31-25® 1.50 basket: Maine. $1.50® 1.85 barrel: Idaho. $2.15® 2.60 sack Sweet potatoes—Market, dull; jersey baskets $1.75; southern baskets. 40®65c; southern barrels. $1®1.25. Flour— Market steady: spring patents. $4.30® 4.56. PorkMarket. steady: mess. $21.50. Dressed pouitry—Market. ouiet: turkeys. 22® 50c; chickens. 17®30c: broilers. 17®34c- fowls 11® 26c: ducks. Long Island. 16® 18c. Live poultry—Mraket. sgteadv: geese. 15c: hocks, 13® 23c; fowls. 17® 26c; turkeys 20 ®3oc. roosters. 16c: chickens. 16® 24cbroilers. 20@28c: capons, 27® 28c. Cheese —Market, dull: state whole milk, fancy to special 14@17c; young America, fresh. 15’ 2 @16c. By United Press CINCINNATI. Oct. 23.—Butter—Steadv; $!£ a £ ery in *- u h lots according to score 30® 32c; common score discounted 2® 3c: packing stock. No. 1. 25c: No. 2,20 - No. 3 12c: butterfat. 29® 31c. Eggs—Market! lower; cases included: Extra firsts. 26c; firsts. 23c; seconds. 20c; nearby ungraded. t°i* k, lve poultry—Thin and coarse stock sell only at heavv discount; fowls. 5 lbs. and over. 21c: 4 lbs. and over. 18c; 3 lbs. and over. 16c; Leghorns. 3 lbs. and over. 13c: roosters, lie: bfoilers, colored, 1 lb. and over 23c: l’/ 2 lbs. and over. 20c; 2 lbs. and over. 18c; fryers. 3 lbs. and over. I' : partly feathered. 10c: Leghorn broilers. 1 lb. and over. 23c; 1”. lbs. and over. 13c; 2 lbs. and over. 15c: black springers. 10c: roasting chickens. 4 lbs. and over. 17‘, 2 c. By United Press CLEVELAND. Oct. 23.—Butter—Extras. 35’ 2 c: standards. 34c; market, steadv. Eggs-—Extras, 32c: firsts. 25c: market steadv. Poultry—Heavv fowls. 22@24c- medium. 18® 20c: Leghorn. 12® 15c; heavy rollers .18® 19c: Leghorn broilers. 13® 15cuc.es. 12®16c: old cocks. 12@14c: geese’ 13c: market, steadv. Potatoes—Ohio and New York mostly 55c per bu. sack: MaineGreen Mt.. 90cc®$l: few sl.lO per 100 lb sack: Idaho Russet mostly $1.75 per 100-lb’ sack. By United Press CHICAGO Oct. 23.—Eggs Market recPl Pts 3_528 cases: extra firsts. ?n^9J, 25c: 23’ 2 c: current receipts 19® 22c; seconds. 12® 16c. Butter—Market. steady; receipts 10.981 tubs; extras 31’ 2 c: extra firsts. 29@30c: firsts 26®27cseconds. 24®?5c; standards, 30c.’ Poultry fts?, bout steady: receipts 3 cars; fowls, 16® 21c; springers. 15Vb@16'/ 2 c: Leghorns. 12c: ducks. 12@\7c: geese 12c* turkeys. 17®21c: roosters. 12c; broilers 2 lbs.. 14c: broilers under 2 lbs.. 14c- 6 Leg®°lT>?- 14:ic . Cheese—Twins’. 14’4 Americas. 14’i®143' 4C Potatoes—On track 302: arrivals 101- shiDWhfites 9 Uc® 85L ket £ UI1: Wisconsin Roun P d 35c. Minnesota and North Ohms 1 tP C^ 8 'I c: Red River 1 25° S 90g9 ' ' 2C - Idaho Russets. $1.20@ Deaths ac?te to nephruis 74 ’ 45 W * St Twe nty-eighth, ca?clnoma W FUf?US ’ 43 ’ 529 North Oxford - Edward M. Biggers. 59. 1948 Central chronic myocarditis. v-enirai. Rose Catherine Hanes. 63 728’ 2 Highland, cerebral hemorrhage. mvo a ?d tts HudSon ’ 65 600 Massachusetts. canfitis. Grpen - 57 - 1220 Bacon, acute myoperthacLVnnComraOU Aikman ’ 67 ’ 2326 Pros„*atle R. Crouch. 55. city hospital chronic myocarditis M • Elhott Dunbar. 23. 223 West Fifteenth chronic myocarditis. • John R. Kennington .72. 2349 College cerebral apoplexv. *'• Rice Humes. 75. 1213 Orange, cerebral nemorrhase. Rildie Oldham. 47. 2223 West Eleventh acute gastro enteritis. Leroy Francis West. 31. 1105 Church pulmonary tuberculosis. Nile* Royster. 31. 1950 Yandes. acutr dilatation of heart Clint Mort. 52. citv hospital, broncho pneumonia. Harrv Albert Montgomery 38. St. Vincent’s hospital, tuberculosis. Gertrude Thomas 52. 530 E/*t Miami or’- ’uberculoais. * Jerry 8 months, city hospital, acute enteiitta.

OCT. 24, 1931

Legal Notices I WILL sell ft! Public Auction MM 192# Chevrolet coach, motor number f4#5859. serial number I V 35681. for etorago charges, at 10 a. m. Mondag, Nov. i. 1931. WM RUTTER. R R 4, HoIfP, Ind. ANNUAL MEETING INDIANAPOLIS CHAPTtPt AMERICAN PEI) CROS* Notice is herebv given that the annual meting of the Indianapolis chapter of the American Red Cross for the election of i2 directors to serve for the ensuing 3 years and for such other business ** may come before said meeting, tn accordance with the orovisions of the bylaws. v ill be held tn the assembly room of the War Memorial Building. No 777 N. Meridian street. Indianapolis. Indiana, on Wedensdav afternoon at 3 30 o'clock. October 28t'n. 1931. All members are requested to be present WILLIAM FORTUNE. Chairman. Auction AT AUCTION F urniture—s2s,ooo Stock Reduction Sale Bedroom suites, dining room suites parlor suites, beds, springs mattresses' novelties, everything for the home. 7 3a p. m. each dav this week. Freeman Bros. Furniture Cos. 1250-1252 Oliver Ave ——- . -r.-,. r . —m Instructions TO discover if you have talent, we offer a special six weeks’ free instruction m voice, pipe organ and piano, for enrollment fee of $2, Ir. 0956 Personals DANCING—Wed.. Thurs. Ac Sat. nlte* Wed Waltz nite CRYSTAL PALACE. 720 N. 111. Ladies 25c. gents 35c; checking tre Special Notices

KitmsMismM EAR, NOSE. THROAT OIL for Catarrh. Sore Throat, Asthma. Colds and Sinus. A mild, fragrant, easy to use Balsam Oil that acts quickly and pleasingly. Sold on Money Back Guarantee at Hook‘d. Haag’s, Walgreens and other dr;g stores. 50c-SI.OO NOXX HEAD COLDS WMisMnm

FOR WOMEN ONLY! This coupon and 25c entitles the bearer to a 50c double size bottle of Society Lasting Nail Enamel. All shades. Guaranteed better than regular nail polish. Keene Drug Cos., corner Delaware and Ohio Sts. STOCKHOLDERS' annual meeting of the White River Railroad Company for election of officers and genera! business will be held at the office of Kingan Ac Cos.. Indianapolis. Saturday. November 14th. at 10 a, m „ A. M. McVIE. Sec ret ary. PILES removed withouut pain, no Tnes~ thetic. no after effects, no loss of time from work. For appointm’t phone Ir. 5344. FOR protection with Indpls. Ac merchant police night patrol, business and resident property. Call Capt. Geo Scherrer. Ta 3923 AUTOMOBILE INSURANCE Telephone Ri. 1840. W. E. Barton. Transportation FLORIDA. CALIF. AND ALL POINTS About lc a mile. New cars daily. Congenial. unlovable travel. Share expense basis. U S TRAVEL BUREAU. Spencer Hotel “Lobby/* 248 S. Illinois. LI. 6665 Lost and Found

Finders of Lost Articles That have been advertised in this column will receive two guest tickets tor The Apollo Theater To See James Dunn —ln—“Sob Sister” When vou have returned the article to its owner, ask him to call Miss Joe at THE TIMES WANT AD DEPARTMENT and sav that vou have returned the article and tickets will be mailed at. once

LOST—Small black purse. containing change, door key and diamond ring. Call Ta. 5159. Reward. LOST—Billfold containing money; rtfwaid; owner needs badly; return Times office. No questions. Help Wanted Male - EXPERIENCE I) Coffee salesman for Indianapolis Hofrlx [ and Restaurant trade. Old established i firm. Write, state age, experience if j employed at present. For appointmen. ! address Box A 244 Times. TWO MEN—Small salary, commission: attractive proposition. Interview- 1 to 2 o. m. The Houseware Sales Cos.. 2<624 E ' Tenth. Ch, 3435. TENOR singer for church choir in exchange for vocal lessons. Address Times Box A 236. IF YOU SEE a want ad that interests you answer it today the opportunity mav be gone tomorrow _ Help Wanted Female SELL Christmas cards, over 100% profit for you: 3 beautiful assortments: also personal card. 454 N, Walcott. Ch. 3795-R. WOMAN for house to house canvassing. To sell small fast selling article. Call Ta. 7110. EXPERIENCED COOK—MUNICIPAL MR PORT. BEN DAVIS. Situations Wanted Female HOUSEKEEPER, middle age. prefer gou g home nights; refer. Time. Box_Aj-242. SELL. RENT OR BUY REAL ESTATE through classified ads in the T’mcPhone "ad-taker” RL 5551 during busi- (| near hours Rooms for Rent ASHLAND. 903: Apt. 2.—Rm„ gentiema: clean, nicely furn„ next bath, shower, constant hot water; steam heat privileges S5 wk. Ri. 2605. BUCKINGHAM DR., 310—Nr. Butler- rm. adjoin, bath; gar.; new home. Hu. 537a. CENTRAL. 3202—Large rm.. twin beds: gentlemen. Ref. Meals opt. Wa, 3517 CENTRAL CAR—S 27 E. 12th; mod., private, $2 and $3: hot water. Ri, 7108. CENTRAL. 1960 SLEEPING ROOM NICELY FURNISHED: STEAM HEAT ’ cbLLEGE. 2033—Desirable room. $3 to $5. Owner ,_He 1079. COLLEGE. 2029—Ant. 3: sunny rm.. steam heat: private family. He. 3084. DEARBORN, N., 528—Desirable rm.: pri. home; suitable for 2; meals opt.: privil. DELAWARE, N., 3135—Furnished room. modern home; bus line. ILLINOIS. N.. 2425—Attractive rm.. refined, private home: 1 or 2 gents, Ha, 116. MASS.. 540—Clean, mod.; redecorated; steam heat; hot water. $4 up. NEW'. 1836—Modern rm. lor gentleman; private home. Dr. 4174. NEW YORK, E., 124—Rooms. $3 and up: steam heat. PENN.. N.. 1628 —Sleeping porch, combining living room, near bath. Ta. 0733. _ BBATT. E.. 126—Between Del. and Penn . 2 large, light, well furn. rms.. refined. empl. Walking distance. RI, 6617. RUCKLE. 3309—Attractive front rm.: mod.. private home: near car line, Wa. 1732-M. RUSSELL ave.. 637 1 2 —Modern furnished room: $2.50 wk. S. Meridian car. SUTHERLAND. 502—Attractive front rm.: on Central carline. He. 2188. VERMONT. E . 230—Dormitory for men: dble. beds, 30c nlte, $1.50 per wk, WASH. BLVD., 2820—Rm.. 1 or 2; meals optional: hot water: gar,: reas. Ta. 3821. 12TH, E.. 521—53 rm.: private home: \i block Central car. Ri. 3752., PRINCETON HOTEL Nice clean rms.. hot. cold water, $5 wk : bath: $7. Steam heat. A real winter home: ladles gentlemen 232 S 111 DREXEL ARMS—73O N. 111.: outside rmal $4 wk, up; lumished apts. Li. 2821. St T)pni<g Running water. $7 for 2 oi. TJonih 136 West MarketNICE sleeping rm.: home privileges; nexr .Central car; no other rmers. He. 3242. LOVELY rm.. cozy bungalow, with voung folks; entire home privileges; no other romers: gent.: ear. MISS BROWN. Ri 555 V TIMES WANT ADS make interesting reaotne because interesting bargains of mini klnd are listed here daily Room for Rent With Board CENTRAL 2342. APT. RM"! PRIV. HOME. PRIVILEGES. HA, 2905-1. CENTRAL. 2209—Pleasant front rm.. steam heat: home privileges: good meals He. 4558. DELAWARE. 2602 N.—Front room for 2; mod, home; $6.75 each. Ha. 1319. ILL., N. 3614—Attractive front rm. Child welc.; private home: garage. Ha. 3024-W. MERIDIXN N.. 2939—Lovely rm., twia beds, 2 ladles; meal3 opt. Ta. 4940. 11th! E~! 521—Warm, front rm.; mod ; close in; single or double. _Li. 1961. FATHER •-id child or child, any age. sub. home 1635 Mills Ave.. University Heights. LOVELY—Steam heated rm.. privilages. radio, meals opt. 603 E 32d. Wa. 2336 PLEASANT ROOM-In private home for 1 or 2, ouMgera; reasonable Ta. 8850.