Indianapolis Times, Volume 44, Number 144, Indianapolis, Marion County, 26 October 1932 — Page 11

I OCT. 26, 1032:

SWINE MARKET HOLDS FIRM IN QUIEHRADING Cattle Action Slow, Steady With Previous Range; Sheep Even. Hogs were steady this morning, trade at the city yards showing no Thangea from Tuesday’s price range. The bulk, 10D to 325 pounds, sold for $3.30 to $3.50 with a reported top of $3.55. Receipts were estimated at 7.000; holdovers were 465. Not much was done in the cattle market with the steer trade undeveloped. Cows were little changed with heifers strong to higher. Receipts were 1,500. Vealers were steady at $5.50 down. Calf re•ceipts numbered 300. Lambs held slow and steady, selling for the most part at $5.50 down. Morning's top price was $5.75. Receipts were 1,500. Early bids on hogs at Chicago were mostly steady to strong, with asking around 5 cents to 10 cents higher than Tuesday’s average. The bulk of good to choice porkers weighing from 180 to 260 pounds was bid in at $3.50. Receipts were estimated at including 3,000 direct; holdovers, 5,000. Cattle receipts numbered 11.000; calves,2,ooo; market stationary. Sheep receipts were 18,000; market unchanged. HOGS Bulk. Top. Receipt*. 20. $3 500 3.65 *3.65 7.000 31. 3.50® 3.65 3.75 7,000 22. 3 *o# 3 60 3.60 4,000 24. 3.400 360 3.60 8.000 25. 3.3041 3.50 3.55 9,000 26. 3.304 c 3 50 3.55 7,000 Receipt*, 7.0OO: market, steady. (140-160) Good and choice....* 3.50 - Light Lights—-(l6o-180) Good and choice.... 3.500 3.55 —Light Weights—-(lßo-200) Good and choice.... 3.40® 3.45 (200-220) Good and choice.... 3.35® 3.40 —Medium Weights—-(22o-250) MedJuin and g00d... 3.354? 3.40 (250-290) Good and choice 3.35® 3.40 —Heavy Weights—-(29o-350) Good and choice.... 3.20® 3.35 . —Packing Sows—--1350-5001 Medium and g00d... 2.50® 3.00 (100-120) ©laughter pigs 3.40® 3.50 CATTLE Receipt*, 1,500; market, steady. ’ Good and choice $ 6.00® 8.50 Common and medium 3.00® 6.00 ' ii.ooo-1,800) Good and choice 6 25® 8.75 Common and medium 4.25® 6.25 —Heifers— Good and Choice 5.00® 7.50 Common and medium 2 50® 5.00 —Cows— Good and choice 3.00® 3.75 Common and medium 2.2540 3.00 Low cotter and cutter cows.. I.oo® 2.25 - Bulls (Yearlings Excluded) Good and choice beef 2.75® 3.50 Cutter, common and medium.. 1.75® 2.75 CALVES AND VEALERS Receipts 300; market, steady. Good and choice $ 5.00® 5.50 Medium .... 3.00® 5.00 Cull and common 2.00® 3.00 , ' —Calves— X*ood and choice 4.00® 5 00 Common and medium 2.50® 4.00 —Stocker and Feeder Steers— • Good and choice 4.75® 6.00 Common and medium 2.50® 4.75 (600-1,500) Good and choice 4.75® 6.00 Common and medium 2.50® 4.75 SHEEP AND LAMBS Receipt* 1,500; market, steady. Good and choice $ 5.00® 5.75 Common and medium 2.50® 500 Ewes, medium and choice .... I.oo® 2.00 > Cull and common 50® 1.00 j Other Livestock BY UNITED PRESS CHICAGO, Oct. 26.—Hogs—Receipts, 18,000. including 4.000 direct; active, mostly 5® 10c.higher; 180-280 lbs., $3.500 3.55; top, $3.60; 300-325 lbs., $3,254(3.45; 140-170 lbs., $3,304(3.55; pigs, $3.2503.75; padkiftg sows. $2.60(03.25; light lights, 140-160 lbs., good and choice, [email protected]; light weight, 160200 lbs., good and choice. [email protected]; medium weights 200-250 lbs., good and choice. $3,504(3.60; heavy weights, 250-350 lbs., good and choice, $5,104/3.60; packing sows, 275-500 lbs., medium and good, $2.55 4(3.25; Slaughter pigs, 10-130 lbs., good and choice, $3.26413.75. Cattle—Receipts. 11.000; calves, 2,000. fed steers, mostly kinds scaling 1,000 lbs. upward, predominating in run; early market vyry slow', under tone 25c lower; light steers, especially light yearlings, steady: she stock generally steady; most fat steers, especially light yearlings, steady; she stock generally steady; most fat steers of value to sell at s6®B; strictly choice heavies held above $9.50; slaughter cattle and vealers; steers 600-000 lbs., good and choice, $6,254(8.50; 900-1,100 lbs., good and choice, $6.25® 8.75; 1.100-1.300 lbs., good and choice. $6.5047 9.50; 1,300-1,500 lbs., good and choice. $6,504/9.50; 600-1.300 lbs., common and medium, $34) 6.50; heifers. 550-850 lbs., good and choice, $5.5p®7.50; common and medium, $2,754/ 5.50; cows, good and choice. $34(4.50; common anef medium, ■38.504/3: low cutter and cutter, $1,504(2.50; bulls (yearlings excludedi. good and choice ibeef), $3®4.50; cutter to medium, s2® 3 10; vealers (milk fedi, good and choice, $4.5005.50: medium, $3,504(4.50; cull and common, $24(3.50; st ;ker and .feeder cattle; steers 500-1.050 lbs. good and choice, $4.25x6; common and medium, $2,754/ 4 "*. Sheep—Receipts. 18,000; slow, steady to shade lower than Tuesday's fcsst prices; early bulk desirable native' lambs, *5415.50, few $5.65; best held higher; bidding. $54( 5.25 on good westerns; white faced feeding lamhjy $4,254( 4.75: slaughter sheep and lambs: lambs 90 lbs. down, cood and choice, 54.7505.25; medium, $40*.75; alt weights common, $3.5004: ewes 90-150 lbs., medium to choice $14(2.50; all weights cui! and common, 50c® $1.75; feeding lambs, 50-75 lbs., good and choice, $4.50®5.25. EAST ST. LOUIS. Oct. 26 Hogs—Receipts, 6,000 market steady to 10c lower; lighter weights at decline; bulk 190 lbs. down, *3.404/3.50; practical top, $3,50; few lists early $3.50; light pigs up to $3.65; 190-240 lbs. $3 354/3.40; sows. *2.404/2.75. Cattle —Receipts. 2,500; calves, receipts, 1,000: market active on steers and full steady at week's advance; mixed yearlings and heifers strong; cows and bulls unchanged: vealers steady; early steer sales $4.7506.65; some higher; mixed yearlings and heifers, $3.5045 6; cows, $2.5003 largely: low cutters. $1.2501.75; top sausage bulls quotable up to $2.75; good and choice vealers, $5.75 Sheep— Receipts, 1.000; market, lambs strong to 25c higher; sheep steady; choice lambs to small Killers. $5.50 0 5.75: hulk to packers. $5.25; throwouts. $34(3.50; several lots yearling wethers, *4 25; fat ewes. $1.50® 1.75; lambs 90 lbs. down, good and choice. SSO 5.75: medium. $44( 4.50: all weights common. *3O 4: ewes 00-150 lbs., medium to choice. *l4/2; all weights cull and common, 50c®51.25, • FT. WAYNE. Ind . Oct. 26.—Hogs— Market 15c up; 140 lbs. down. *3.15; 140-170 lbs . *3.25; 170-200 lbs. $3.40; 200-250 lbs , sTflo: 250-300 lbs., $3.20; 300-350 lbs., $3 10: roughs. $24(2.75; stags. $101.50; calves, $5.50; ewe and wether lambs, $5; bucks, $4. LAFAYETTE. Ind . Oct. 26,—Hogs Steads: 160-200 lbs., $3,354/3.50; 200-325 lbs, M. 1503.30; 100-160 lbs., $3.1503.25; roughs. $2.75 down; top calves, $4.50; top lambs, $4.50. EAST BUFFALO. Oct. 26—Hogs—On sale, 3.000: fairly active; mostly to packers; • 15(>i25c under Monday's averagelargely 200 o; desirable 120-140 lbs., $3,754/’ 385 bulk $3 30; few plainer kinds. *3.65 Cattle —Receipts. 50; mastly cows: steadycutter grades. *102; calves, receipts 150holdovers 100: vealers dull; weak to 50c lower; good to choice $6. and sparingly *6.50 Sheep—Receipts 600; lambs strong to 15c higher: quality and sorts consideredgood to choice leniently sorted. $5.75; coinmon. medium and bucks *4.7505. CLEVELAND. Oct. 26.—Hogs— Receipts 1,500, holdovers, none; all weights pies to 300 Ujs. bid, $3 55 or 5c lower than Tuesday’s bulk, and 5c above few late sales asking steady at $3.60; one outstanding package sold at price Cattle—Receipts. 300; unevenly around steady; common to medium loads. *3.75®5.75; talking around (i&c under week ago on good to choice offering; held above. *7.25. cows around *1 • / 53.25: bulk sausage bulls price under *3 usually butcher kinds above $3.25. Calves —Receipts. 450; steadv; vealers. S6O 650 medium to good $5 50 down little reported under $4. Sheep—Receipts, 2.600steady; good to choice lambs. *5.2505.50; best held higher; most throughout, s4®' 50. ■ PITTSBURGH Oct. 26—Hogs—Receipts. 1,500; market steady to 5c lower; 130-240 lbs . *3.8003 95: 260-320 lbs . $3.50 03 65 pigs. *3 5003.75; packing sows. *2.5003 Cattle—Receipt* 35; market unchanged medium grade steer* yearlings quoted. $4,50 06; common to medium heifers, *2 75 ®4.50. common *nd medium cows. s2® 3; medium bulls, *3 downward Calves— Receipts. 109; market, steady: choice vealers, *64(6.50 Sheep—Receipts. 800; market steady to strong; choice lambs up to *5.75 or above; good wethers aro\nd $2.50 downward. TOLEDO. Oct. 26.—Hogs—Receipts. 300; market, steady. Cattle—Receipts, 303; market, ateady. Calves—Receipts, light;

New York Stocks 1 ’ <Ba Thomson da McKinnon) 111 ■

—Oct, 1b— Prey. Railroad*— High Low. 11:00. clo~. Atchison 43% 61 '* 61 Vi 41% Atl Coast Line ... 20%i Bait & 0hi0.... 12‘4 It’s 11V* 11% Chesa * Ohio. . T2\ 22 23 22% Lhasa Corp ... 13% 13% 13% 13% Can Pac 13% 13% 13% 13% C. R 1 & P 5*4 •% Del L* W 30 28% 28 s * 29 Del & Hudson 90 Eric Ist pfd .. d.s _ •ja Great Northern.. 12'/* UMi 11% 11% lllinol* Central.. 15 16% 15 16% Lou 6c Nash 20 M. K 8t T 7% 7% 7% 7% Mo Pacific 4% 4% .4% 4% Mo Pacific pfd.. 8% 8% 8% 8 N Y Central.... 23% 22% 32% 22% NY NH ft H 15% 14% Nor Pacific .... 17V* 16 16 16% O 6c W ... 8% Pennsylvania .. 14% .13% 13% 14 So Pacific 19*6 19 19 19% Southern Ry •% * * 8 St Paul 2% St Faulpfd 3% 3% St L 6c S P ... 2% Union Pacific ... 64% 61% 61% 63% Wabash 2% W Maryland .... .. ... 6% 5% Equipment*— Am Car 6c Fdy.. .. ... ... 8 Am Steel Fd 7 7% Am Air Brake 8h 11 10% 10% ... Gen Am Tank 15% 15% General Elec ... 15% 14% 14% 15 Pullman 19% 19% 19% 19% Westingh Elec .. 28% 24% 24% 35% Rubber* Firestone 12 12 Fisk -. ... V* Goodrich 5% f% 5Vs 5% Goodyear 14 Lee RObber 4% ... U S Rubber 3% 5% SV ... Motors— Auburn 43% 40% 41 40% Chrysler 13% 13% 13% 13% General Motors., 13% 12 12 12% Graham Paige 2 2 Hudson .. .. 5% 5 5 5 ( Mack ~ 19 19% Nash 13% 13% 13% 13% Packard 32% 2% 2% Pierce-Arrow 2% Peerless 1% Reo 2 2 Studebaker 5% 5% 5% 5% White Mot ... 22% 32% Yellow Truck... 3% 3% 3% 3% Motor Accessories— Bendlx Aviation. 10% 10 10 10 Borg Warner ... 8 Briggs 5 5 Budd Wheel ... 2% El Auto Lite. .. 16% 16% 16% 16% El Storage B 24 Murray Body ... 3% 3% Sparks-W 1% Stewart Warner. ... ... ... 3% Tint kin Roll 14 14 Mining— Am Metals 5% 5 Am Smelt 14% 14 14 14 Anaconda Cop... 9 8% 8% 8% Alaska Jun .... 11% 11% 11% 11% Cal & Hecla... .; 3% Cerro dfe Pasco 7% Dome Mines .... 11% 11% 11% 11% Freeport Texas. 20V* Great Nor Ore Howe Sound 7Vi 7 Xnt Nickel 7% 7% 7% 7% Inspiration ... 3% Kennecott Cop... 10 9% 9% 10 Magma Cop ... ... Noranda 17% 17% Texas Gul Sul... 21 Vi 21 21% 20% U S Smelt . ... 13% Oils— Amerada 19% Atl Refining 16 15% 15% 15% Barnsdall 4% Houston ... 33 Sbd Oil 12% - 13 Vi Mid Conti ... 5% Ohio Oil 9% 8% 8% 9 Phillips 5% 5% 5% 5*4 Pure Oil ... 3% Royal Dutch 17% 18 Shell Un 5% Simms Pt 5% Conv Oil 6% 6% Sta/dard of Cal 24% 24% 24% 24% Standard of N J 29% 29% 29% 29% Soc Vac 9% 9% Texas Cos ... 12% 13 Union Oil 11% Steels— Am Rol Mi 115.... 11% 10% 10% 10 Bethlehem 17% 17% 17% 17 Va Byers A M 14% 13% 13% ... Colo Fuel 7% 7 Inland 13 McKeesport Tin .. ... 43% 43% Repub I 6c 8... 7% 6% 6% 7 U S Steel 35% 33% 33% 34% Vanadium 13% 12% 12% 12% Youngst S 6c T 12 >4 11% 11% 12. Tobaccos— Am Sumatra , 5% Am Tob (A i new 60% 60% 60% 62% Am Tob (Bi new 64% 63V* 63% 64Vi Lig 6c Mvers B 56 55 Lorillard 13% 12% 12% 13 Reynolds Tob... 29 28% 28% 29 United Cig % % Utilities— Adams Exp 5% 5% Am For Pwr 7% 7% 7% 7% Am Pwr 6c Li.... 9% 9% 9% 9 A T 6c T 103 100% 101 102 Col Gas &El ... 12% 12% 12% 12% Com 6c Sou 33 Cons Gas 56% 55 55 55% El Pwr 6c LI 8 7'% 7% 7% Gen Gas A IV* Inti T 6c T 9Vi 8% 8% 9 Natl Pwr 6c Li.. .. ... 14% 14V* No Amer Cos 28 27% 27% 28 Pac Gas 6c E 1... 26% 26 26 • 25% Pub Scr N J 45% 45% So Cal Edison 25% Std G 6c El 16% 15% 15% 15% United Corp 8% 8% BV* BVi Un Gas Imp .... 18 17% 17% 17% Ut Pwr 6c L A .... ... 4 3% V/est Union 28% 28% 28% 27% Shipping— Am Int,l Corp ... 7 6% 6% 6% N Y Ship 2% Inti Mer M pfd 1% 1% United Fruit ... .. ... 19% 19'/a Foods— Am Sug 21V* ' Cal Pkg ... 9% Childs Cos 3% Cont Baking A 4Vi 4% Corn Prod 49% 48 48 49 Cudahy Pkg 28 Cuban Am Sug 1% Gen Foods 28% 27% 27% 27% Hershey 51Vs Jewel Tea 28 Kroger 14% 14% 14% 14% Nat Biscuit 36V* Natl Dairy 17% 17 17 17% Purity Bak 7% Safeway St 48% 48% Std Brands .... 15 14% 14V* 14% Drugs— 0 Coty Inc 3% 3 3% s *3% 4 Drug Inc 29% . 27% 28 29% Lambar Cos '.. ... ... 33% Lehn <fc Fink... 6% 6 .6 17 Industrials— Am Radiator .. 7% 7% 7% 7V* Bush Term ... 5 Lehigh Port 6 Otis Kiev 11% Industrial Chemicals— Air Red 54 54% Allied Chem.... 72% 69% 69% 71% Com Solv 9% 8% 3% 9 Dupon s 33 31% 32 33%

Produce Markets

Delivered in Indianapolis nrlces: Hens, heavy breeds. 11c; Leghorns, 7c. Broilers colored springers, 1* a pounds up. 9c; barebacks and uartlv leathered. 7c; Leghorn and black, l'j pounds up. 8c; Cock? and stags. sc: Leghorn cocks. 4c. Ducks, large white full feathered and fat. sc; small full feathered and fat. 3c. Geese, full feathered and fat. sc. Young Guineas. 20c ea.: old guineas, 18c. Eggs—Approved buying grades of Institute of American Poultry Industries No. 1.. 24c: No. 2. 19c: No. 3.11 c. Eggs—Country run. loss oft. 22c. Butter. 22 to 23c: undergrades. 20 to 21c: butterfat 18c. These oriqes for healthy stock, free from feed. No sick poultry accepted. Quoted bv the Wadley Company. BY UNITED PRESS CHICAGO, Oct. 28—Eggs—Market unsettled: receipts, 2.822 cases- extra firsts, 234124*4C; first*. 234?23'5c: current receipts, 194722'ac; dirties, 12@20c. Butter —Market unsettled: receipts, 5,99? tubs: extras. 30c: extra firsts. lß’jtSlQc; firsts, 17*i@l8c: seconds. 16*245T6 1 3c; standards. 19*c. Poultry—r Market steady: receipts, 1 car. 29 trucks: fowls. 11>2@T4c; springers, lOlaQllVaC; leghorns. 9Vac; ducks. 104712 c: geese, 11c: turkeys. 104718 c: roosters, 9c; leghorn broilers. 9'ac. Cheese —Twins. 12®12!4e; Young Americas. 1241 12 3 4e. Potatoes—On track. 328; arrivals. 53; shipments, 497; market steady: Wisconsin and Minnesota cobblers. 604770 c: South Dakota Early Ohios, 604? 65c; North Dakota Ped River Ohios, 65@70c; Idaho Russets, $1.0561.15. NEW YORK. Oct. 26,-Potatoes—Steady; Long Island. [email protected] per barrel; New Jersey. $1.50: Maine. $1.50471.75 pet barrel; Idaho. $1.854i 2.20 per sack. Sweet potatoes—Dull; Jersey basket. [email protected]; Southern barrtl. 75c@_51.13: Southern, basket. 6347 65c. Flour—Dull; springs, patents. $3.50f;3.85 per barrel. Pork—Easy: mess. $16.25 per barrel. Lard—Easier; middle west soot. $4,504)4.60 per 100 lbs. Petroleum —Strong New York refined, 17c gallon; crude Pennsylvania. $1,224? 1.72 barren. Grease, weak; brown. 2 3 54?2’ 2 c per lb.: yellow. 2 3 *C?2'2C per lb.; white. 2 s * #3 3 *c per lb. Tallow—Weak; special to extra, i'affi 3‘c-per lb. Common hides— Dull. Hide; —Citv packers, in good demand: native steers. 6'ac: butt brands. 6'2C; Coloradoos, 6c. Dressed poultvv— Quiet: turkevs 14626 c: chickens. 12620 c; broilers. 12i26c: fowls. 10618 c: Long Island ducks. 144i16c. Live poultry—Stesda; geese. 84?14c: turkeys. 2947 25c: roosterT, 10611 c: ducks. 94723 c: fowls. 94?20c: chickens. 11’*o. Cheese—Quiet: Young America. lS'jgtg’-c. Butter—Market, easy: creamery, higher than extras. 21@31'ac: extra. 92 score. 20'jc: firsts. 91 score. 19>2 4?20c: firsts. 88 to 89 score. 184il8'2c: serenes. 174/17'ic. Eggs—Market, easv: special packs. Including unusual hennerv selections. 284isie; standards. 25’a#?2Sc: rebendied receipts. 244?24' a c g market, steady. Sheep and lambs—Receipts; market, steady. Bit Timm Special v LOUISVILLE. Oct. 26.—Cattle—Receipts. its: mostly steady; bulk common and medium steers and heifers. $3&5; better finished light weights eligible around $6.50: bulk beef cows. $262.50: low cutters and cutters. 75c4i5i,75; bulls, $2.50 down: stockers and feeders, mostly $3.5065.25: calves, 150: steady; bulk good and choice light vealers. $464.50: medium grades and heavy calves. $3 50#? 3.50: throwouts. $3 down Hogs—Receipts, 600: steady: 175240 lbs. $3.45; 245-295 lbs. $3.10; 300 lbs up. $2.70; 1.70 lbs down, $3 20; sows, $2.50: stags. $1.55. Sheep—Receipts. 100; mostly steady; bulk medium to good lambs. $4.50; better finished kinds eligible to $5 or better: lower grades, $3.50 down; set ewes, $1472 Tuesday’s shipments: 124 cattle, 75 calves and- 181 sheep.

Union Carb ... 24% 23% 23% 23% U 8 Ind Aico .. 33% 23% Retail Stores— Asaoc Dry CWs Olmbel Bro* .... 3 Kreage S S 10% 10% Mont Ward .... 11% 10% 10% 11 Penny J c 21 30% SchulU Ret St 1% ... Sear* Roe 19% 18 18 18% Woolworth 35% 35V® 35%. 35% Amusements— EMtman Rod 51 49% Fox Film (A) 3% Grigsby Grunow 1% 1 1 1% Loews Inc 26% Parana Fam ... 3% 3% Radio Corp .... 7% 8% •% 6% Warner Bro* 2% Miscellaneous— City Ice & Fu.. 11% 11 11 Congoleum 8% Proc dt Gam.... 29% 29% 29% 29% Allis Chal ... 7% 7% Amer Can 51% 48% 49 50% J 1 Case 40 38% 36 Va 38 Cont Can 32 31*4 31*4 32 Curtis* Wr 2% 2 2 2 Gillette 8 R 16*4 15% 15*4 15% Gold Dust 15% 15% Int Harv 21% 19% 19*4 20% Int Bus M 86 85 V* 85% 84% Real 311 k ... 5 Un Aircraft 23% 22% 22% 22% Transamerica ~ 47* 4% 4% 4% New York Curb (B„v Thomson 6c McKinnon) —Oct. 26 11:00 v 11:00 \m^4A'naroid.... 4 Deer 6c Cos 9Vs Am G 6c Elec.. 26%.E1ec Bnd 6c Sh 22% Am Super Pwr. 4% Ford of Eng... 3% Ark Gas A 3%'lnt Buper 12% Braz Pwr 6c Lt 8 Nat Inves 3 Can Marconi ... 1% St Regis Paper.. 3% Cent Sts Elec... 24 Std of Ind 22** Cities Service .. 3% United G (newt. 2% Cord 4 iVan Camp % New York Bank Stocks (By Thomson 6c McKinnon) —Oct. 25Bid. Ask. Bankers 64 66 Central Hanover 131 135 Chase National 34% 36% Chemical 34V* 36V* City National 42% 44% Corn Exchange 72V* 75'/* Commercial 160 170 Continental 16% 18 7 / Empire 24*% 26'% First National 1,500 1,550 Guaranty 309 315 Irving 23% 25% Manhatten 6c Cos .* .. 30 32 Manufacturers '... 27% 29% New York Trust $2% 95'% Public 30% 32 >/* Title 40 43 New York Liberty Bonds —Oct. 25Close. Liberty 3%5, 47 101.19 Liberty First 4%5. 47 102.9 Liberty Fourth 4%5, 38 103.14 Treasurs 4%*, 52 107.6 Treasures 4s, 54 103.27 Treasury 3%5, 59 102.9 Treasury 3%5, 47 100.20 Treasury 3%5, 43, March 101.4 Treasury 3%*, 43, June 101.2 Treasury 3%5. 49 97.20 Treasury 3s, 55 96.4

The City in Brief

THURSDAY EVENTS Advertising Club, luncheon, Columbia Club. Engineering Society, luncheon, Board of Trade. Sigma Chi Alumni Club, luncheon, Board of Trade. American Business Club, luncheon, Columbia Club. Acacia, luncheon, Harrison. Illini Club, luncheon, Columbia Club. Sigma Nu. luncheon, Washington. Indianapolis Real Estate Board, luncheon, Washington. Security Benefit Association will hold a masquerade ball for members and friends tonight at 116 Vi East Maryland street. Northwood Christian church midweek fellowship dinner, speaker Thursday night will be Harry F. White, general secretary of the Indianapolis Y. M. C. A. Jack Ford will present a violin solo and Mrs. Charles Ferguson will sing. Benefit masquerade ball will be sponsored by the Indianapolis Firemen’s band tonight in municipal gardens, James A. Moore, manager, announced today. Retention and enforcement of the eighteenth amendment will be discussed at meetings of Marion 1 county prohibitionists, Wednesday night, at East New York street and Sherman drive, and Friday night at 2440 West Ohio street, O. S. Whiteman, chairman, announced. Winter program of the Southport Men’s Brotherhood will be discussed at a supper meeting, Friday night, in the Southport Presbyterian church with Glenn Derr, acting president, in charge. Salesmen and owners of lots in Glen Haven cemetery on Kessler boulevard, will meet at 8 tonight in the assembly room at Hotel English to discuss future legal moves pertaining to management of cemetery affairs, L. W. Heagey announced. Because of the address Friday night here of President Herbert Hoover, meeting of the Indianapolis Federation of Community Civic clubs, scheduled for Friday night in the Spink-Arms, has been postponed until Nov. 4. Tax reSef proposals will be discussed by Charles F. Remy, former supreme court judge, in an address at a luncheon of the Indianapolis Real Estate Board Thursday in the Washington. Homecoming night will be celebrated by the Bible Investigation club of the Y. M. C. A. at a bean supper Wednesday night in central branch, Illinois and New York streets. Dr, E. G. Homrighausen of the Carrollton Avenue Reformed church will speak. “Privilege of the Baljol” will be discussed by Mrs. Fletcher Hodges of the League of Women Voters at a meeting of the Ketcham Mothers’ club of the Indianapolis free kindergartens Thursday night at 903 Ketcham street. Inspection tour of the Colortype Corporation plant, 433 North Capitol avenue, will be made Thursday by Advertising club members following a luncheon in the Columbia club. The Christian Men Builders class of the Third Christian church, Seventeenth arid Broadway, will hold the annual nomination banquet tonight at 6:30 in the classroom. Pen shop, dealers in pens, desk equipment and novelties, located seventeen years at 41 West Ohio street, will occupy new quarters in the building adjoining the Circle f heater within ten days, John E. Kelly, owner, announced today. Louise Brown. 17, a fugitive from the Indiana girls’ school at Clermont since Oct. 20, was arrested today at the Langsdale avenue plant of the Citizens Gas Company - . Theft of an electrical appliance valued at $l5O from his automobile was reported to police today by Dr. J. J. Briggs, Stokes building. Resile Colvin, chairman of the Marion County Association for Tax Reduction, will describe work o* the organization at a meeting of Wayne township residents Thursday night at the Christamore Settlement house, Tremont avenue and West Michigan street. /

TEE INDIANAPOLIS TIMES

LIQUIDATION IN WHEAT FORCES PRICESJ.OWER All Options Touch New Cow Levels as Pressure Mourfts. BY HAROLD E. RAIXVILLE United Frets Staff Correspondent CHICAGO, Oct. 26.—Wheat ; opened fractionally lower on the i Board of Trade today, again setting I new low levels for the season, for all i deliveries. December touched 45 cents, within % cent of the all-time low of last year. Winnipeg December opened higher, but immediately reacted to 47 Vi cents or anew all-time low. Weakness at Liverpool and genera’ liquidation with a few buyers were the chief factors. Firmness in stocks was ignored. Corn showed strength at the start and was higher with oats and rye holding steady. Canada Keeps Lead At the opening wheat was unchanged to Vs cent lower, com was unchanged to V 4 cent higher, oats unchanged to Vi cent lower and rye was unchanged. Provisions were about steady. Liverpool reflected the sharp break here Tuesday and was % to ? cent lower in American money at mid-afternoon, with sterling higher. According to trade gossip, the withdrawal of support at Winnipeg Tuesday resulting in the sharp break here was due to the desire of Canada to keep wheat in line for export business. The steady decline lately at Chicago had placed American wheat in an advantageous position for foreign buyers and Canada was thought not to be willing to relinquish its place as leader in the export trade, at least until the southern hemisphere crop begins to move some weeks from now. Cash House Buying Shipping sales were reported for 700,000 bushels of corn Tuesday, including 300,000 bushels to exports with charters made for 550,000 bushels, of which 190,000 bushels were headed for Montreal. Cash houses were good buyers of futures on the way down, as they have been recently, removing I’edges against this heavy movement. Futures, however, moved with wheat. The action of other grains continues to be the dominating influence in oats and rye, although December oats failed to make anew low level Tuesday. Values nevertheless - are hovering around all time lows. Chicago Primary Receipts —Oct. 25Wheat 1,041,000 Corn 671,000 Oats 165,000 Futures Range —Oct. 26 WHEAT— Prev. High. low. 10:00. close. Dec 45% .44% .44% .45*% May 50% .50% .50% .51 July 52 .51% .51% .51 CORN— , Dec 24% .24% .24% ,24 V* May 29% .29 ,29V* .29*% July .. .30% .30*% OATS— Dec 15'% .15*/* .15*/* .15% May 17% .17% .17% .17% .July .. .18 .18 RYE— Dec 29% .28% .28% .29*/* May 33 .32% .32% .33' LARD— Jan * ... 4.05 4.05 May 4.20 4.22

Indianapolis Cash Grain

—Oct. 25 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b„ shipping point, basis 41 Vic New York rate, were: Wheat—Weak; No. 1 red, 37%®38%c; No. 2 red. 36%®37%c; No. 2 hard, 32%@ 38 %c. Corn—Weak: No. 2 white. 17@17V4c; No. 3 white, 16%@17c; No. 2 yellow. 17® 17%c: No. 3 yellow, 16*%®17c; No. 2 mixed, 16@16%c; No. 3 mixed, 15%®16c. Oats—Easy; No. 2 white, ll%®Y2Vic: No. 3 white, HV*®ll%c. Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville) No. 1 timothy, *5.50®6; No. 2 timothy, $5 ® 5.50. —lnspections Wheat—No. 1 red, 1 car; No. 2 red. 3 cars; No. 4 red, 1 car: No. 1 mixed, 1 car; No. 2 mixed. 1 car. Total, 7 cars. Corn—No. 1 white, 4 cars: No. 2 white, 22 cars; No. 3 white,*l car: No. 5 white I car: No. 1 yellow, 5 cars; No. 2 yellow, 85 cars: No. 3 yellow, 15 cars; No. 4 yellow, 2 cars: No. 5 yellow, 2 cars; No. 2 mixed, 1 1 car; No. 3 mixed, 1 car. Total, 139 cars. Oats —No. 2 white, 9 cars; No. 3 white 11 cars; No. 4 white, I car; No. 3 mixed, 1 car. Total, 22 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 38c for No. 2 soft wheat. Other grades on their merits. CHICAGO CASH GRAIN By United Press CHICAGO, Oct. 25.—Cash grain close; Wheat—No. 1 red. 47%c: No. 1 hard weevUy. 47c: No. 4 hard weevily. 44%c. Corn—(Old) No. I mixed. 24%c; No. 3 mixed, 24t*c: No. 1 yellow. 25c; No. 2 yellow, 24% ®2sc: No. 3 yellow. 24%®24%c: No. 9 yellow, 23 %o: No. 6 yellow. 23c: No. 2 white. 24%®24%c: sample grade. 12®18c: corn (newi No. 4 mixed. 22022V4C: No. 4 yellow, 22®22%c: No. 5 yellow. 20%® 21%c: No. 6 yellow. 19%c: No. 4 white: 22c. Oats—No. 2 white. 15>%®16c: No. 3 white, 15®15%c. Rv? —No sales, barley, 24®36c; timothy. $2.25®2.50; clover. $7.50® 8.75. CHICAGO CABLOTS ' By Times Special CHICAGO, Oct. 26 —Carlots: Wheat, 19; corn, 161; oats, 6; rye, 0, and barley, 2. TOLEDO CASH GRAIN By United Press TOLUDO, Oct. 25.—Cash grain close: ■ Grain in elevators, transit billing). Wheat—No. 2 red. 50®51c. Corn—No. 2 yellow, 28%®29%c. Oats—No. 2 white, 19®20c. Rye—No. 2. 40%@41%e. Barley—No. 2. 30@31c. Track prices, 28%c rate. Wheat—No. 2 red. 44%@45%c; No. 1 red. 45%®46%c. Corn—No. 2 yellow. 24®25c: No. 3 yellow. 230 24c. Oats—No. 2 white. 16® 17c, No. 3 white. 15@16%c. Seed close: Clover—Cash. $5.600 5.65: October. $5.6005.65: December. $5.75. Alsike —Cash. $5.50 0 5.85: October. $5.5005.85: December. $5.5005.85. Produce: Butter— Fancy creamery. 24c. Eggs—Ex*"*s. 26 %@ 27c. Hay—Timothy per cwt.. 80e.

INDIANAPOLIS STOCKS AND BONDS

(By Newton Todd) The following quotations do not represent firm bids gnd offerings, but indicate the approximate markets based on recent transactions qr inquiries to buy and sell. —Oct. 26Stocks _ Bid. Ask. Bet R R and Stkyds com... 22 26 Belt R R and Stkvds pfd.... 45 51 Cent Ind Pwr pfd 25 30 Citizens Gas com 14 18 Citizens Gas 5-“ 0 pfd 81 89 Xndpis Pwr and Lt 6% pfd... 65 71 Tndnls Pwr and Lt 6>i<“ e pfd. 70 78 Indpls Oas com ..., 44 50 Indpls Water 5Q pfd 91 97 Inap Pub Welfre Ln Ass com 47 52 Nor Ind Pub Serv 7" c 53 58 Pub Servos Ind 6% pfd 27 32 Pub Servos Ind 7<~ e pfd ... 45 49 So Ind Gas and Elec 6cj. pfd.. 64 69 Terre Haute Elec 6 f i pfd ... 46 52 Bonds Belt R R and Stkvds 4s 84 89 Citisens Gas 5 s 1942 86 91 indpls Gas 5s 1952 79 83 Indpls Rys 5a 1967 25 30 Indpls Water 4&s 1940 S3 96 Indpls W&ter s'es 1953- 54..-87'* 100 Trac Terminal Corp 5s 1957., 38 43

BELIEVE IT or NOT

. ■,. . —. “7 Grooanby IW AND BE. ABLE TO AIV CANTER AND TAKE J 1 | J NEVER. IN HIS HOMETOWN burke the huroles r/ -PHILADELPHIA •’ - -- 6 f >

Davis Met the Sax at an Ice Cream Church Social Orchestra Conductor Tells How Saxophone Out-Moaned and Snowed Under the Very Stately Cornet. YOU will never guess where Charlie Davis, orchestra conductor, now at the Indiana Roof ballroom, met the saxhorn which was the first step irv direction of the moaning saxophone. Davis in his own words writes of this strange introduction and how the saxophone finally moaned itself to fame. Charlie tells of this interesting band instrument as follows: “Conventions forbid me to put in writing my -thoughts about Mr. Saxe, the Frenchman who invented the saxophone, the first time that I heard the saxhorn (the name by which the sax was first known). “The occasion was a church ice cream social. The word had gotten

out that the new instrument was to be played by one of the good churchmen, who was to be accompanied at the piano by his wife. “My curiosity urged me to muscle in and get a front seat for the really big moment of the evening. With it came a feeling of chagrin as I heard the man tune up his horn.. He didn't even get close to the “A.” “He was probably a quarter tone off, but then, -I suppose he figured that he was only going to play a couple of tunes and it would hardly pay him to really get in tune. 'lf he was going on a steady job it would be different—he could then afford the time to tune up. “By way of description, let me tell you that the sound which emitted from the sax was a cross between the noise of an old time vacuum cleaner and a buzz saw. And, the churchman’s arrangement of “Over the Waves” was inimitable. “Nevertheless, the instrument showed possibilities, if it was properly handled and subdued. Ev Hughes, then a student at Tech high, recognized these possibilities and set out to master Mr. Saxe’s invention. And, let this be said for Hughes, so great was his determination to conquer the sax, that you couldn’t stay in the building with him when the combat was on.

DOW-JONES SUMMARY

Notice of intention to drill five new olt wells in California were filed with state authorities in week ended Oct. 22. against two in preceding week, bringing total to date this vear to 239. against 317 in like 1931 period; five wells were abandoned last week against ten in preceding week, bringing total to date this vear to 258. against 301 in like 1931 period. Retail price of third grade gasoline advanced a cent a gallon in Southern California territory by major oil companies to 13.9 cents a gallon with tax included; regular gasoline and Ethyl price* will remain unchanged. * Iron Age estimates steel production during past week eased to 18 from 19% per cent. Sun Oil Company declared an extra dividend of 3 per cent in common on common and regular quarterly dividend of 25 cents on common. Hercules Power in September quarter earned nine cents a common share, against four cents in previous quarter, and 28 cents in September. 1931 quarter: nine months earnings amounted to *5.07 a share on preferred against 81 cents a common share after preferred diivdends in first nine of 1931. National statistics bureau of Argentina, report* favorable trade balance at end of September amounting to 18,349,000 pesos, against 60,276,000 in same period of last year. Federal reserve board reports that volume of industrial production during September gained 6 points, according to its adjusted index. Niagara Hudson Power Corporation in September quarter earned 23 cents a common share, against 33 cents in September, 19*1 quarter: nine months earnings amounted to 93 cents against *1.07 a share in first nine months of 1931; in twelve months ended Sept. 30. earned *1.40 a share against $1,555 in twelve months ended Sept. 30. 1931. Standard Oil of Kentucky has advanced service station price of gasoline a cent a gallon throughout its territory on all grades. I. C. C. approves loans by Reconstruction Finance Corooratlon of *6.170.000 to Erie railroad; $1,000,000 to Chicago & Northwestern, and $338,000 to Chlvago & Eastern Illinois.

Chicago Fruit

By United Press CHICAGO. Oct. 26. Apples Jonathan, bnhel $1.2561.35: Michigan Jonathans, bushel $1.1561.25; Delicious, bushel, $1.25; greenings, bushel sc4?sl; Kings, bushel 75c. Pears—Michigan Keifers, bushel 50c. Grapes—Michigan Climaxe, 12 quarts 16618 c.

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

“The saxophone resented his mastery and loudly voiced its resentment. “Even unto this day a sax will set up a wail when it meets anew master. That is why the worst luck you can ask to befall a man is that all of his offsprings should be saxophonists. “All kidding aside, Hughes became quite an artist. He was in demand for dances, banquets, and functions of all kinds and caused the then standard orchestra of piano and drums to be augmented to piano, drums and saxophone. “This is where my good friend Russ Holler came into the picture. Russ’ thought was that if one saxophone sounded good—five or six should sound better. “He assembled the six saxophones, a piano, a drum, and a cornet and made his debut at a dance in the old Woodruff Club (I shouldn’t be giving ages away), “Boy! The cornet didn't have a chance. Those saxophones were all moaning and cutting up and running up and down the scale, so that the cornet was completely snowed under. Was I glad? I had hated a cornet since my grade school days, when my father was always making me practice, when I wanted to get out and monkey around. This band certainly gave me the laugh on the cornets. “Long live the saxophone. “Incidentally, if you happen to go up to the Indiana ballroom tonight, where the boys, the Call Sisters and Ruby, and myself are playing for waltz night, you will notice that we are playing several very nice sax solos.' This is not a ‘back to the sax movement.’” nun Other theaters today offer: “The Merry Widow” with Donald Brian at English’s: Hobart Bosworth at the Lyric, “The Big Broadcast” at the Circle, “One Way Passage” at the Indiana, “Rain” at the Palace, and “Six Hours to Live” at the Apollo.

In the Cotton Markets

(By Thomson & McKinnon) NEW YORK. Oct. 25.—The cotton market showed no disposition to allow other markets to influence it this morning. The mills are not booking any great volume of business at the moment but are well supplied with old orders. In the afternoon, prices had sagged to Monday's low and the trade was buying at each point decline without anv disposition to pay more than a fixed price. CHICAGO —Oct. 25High. Low. Close. January 6 32 6.19 6 26 March 6.40 6 28 6 37 May 6 50 6 37 6.47 July 6 60 6.50 6.55 December 6.28 6.15 6.24 NEW YORK January 6.24 6.14 6.23 March 6.32 6.22 6 29 May A2 6.32 6 39 July 6?51 6 41 6 48 October 6.14 6 07 6 09 December 6.18 6 08 6.16 RAW SUGAR PRICES —Oct. 25 High. Low. dose January $9 .98 .99 March 97 .95 .97 May 1.00 .99 1.00 July 1.04 1.02 1 04 September 1.08 1 06 1.08 December 1.03 1.02 1 03

Safety for Savings Fletcher American NATIONAL BANK Seuthaan Corr of Market and reniMvlvaahi

V *fl*tered V. 4 O X *>• RIPLEY

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Tuesday's Times: Family Longevity—John F. McClelland, of Irish-Scotch descent, and his wife, Elizabeth Keister McClellaad, of French-German descent, both attained the same venerable age of 85 years. Their fourteen children, all born in But- ' ler and West Moreland counties, Pennsylvania, ranging from 1 William McClelland, born in 1814, to Rosanna McClelland, born in 1837, attained a combined age of 1,241 years and 8 months, equal to an average of almost 89 years. Death spared the McClelland progeny for seventy-seven years. Thursday—Higher Speed Against the Wind.”

Investment Trust Shares

(By Abbott, Hoppin & Cos.), PRICES ARE TO 12 NOON, C. S. T. —Oct. 26 Bid. Ask. Am Founders Corp com 1.37 1.50 Amer and Gen Sec (A) 5.00 10.00 Am Inv Tr Shares ~... 1.60 2.12 Basic Industry Shares 1.87 2.00 Collateral Trustee Shares (A) 3.37 3.87 Corporate Trust (new) 1.62 1.67 Cumulative Trust Shares 2.68 2.75 Diversified Trustee Shares (A) 6.87 Fixed Trust Oil Shares (A) 6.00 Fixed Trust Oil Sh iB) 4.75 Fundamental Trust Sh (A)... 3.00 3.12 Fundamental Tr Shares (B).. 3.00 3.25 Leaders of Industry (A) 2.50 3.00 Low Priced Shares 2.50 ..... Mass Inv Tr Shares 14.12 14.62 Nation Wide Securities 2.35 North American'Tr Shares... 1.70 Selected Cumulative Shares... 5.00 5.37 Selected Income Shares 2.62 3.00 Shawmut Bank Inv Trust.... 3.00 Std Amer Trust Shares 2.35 Super Corp of Am Tr Shares.. 2.65 2.68 Trustee Std Oil (A i 3.35 3.55 Trustee Std Oil (B) 3.35 3.55 U S Elec Light & Pwr (A)... 14.50 15.25 Universal Trust Shares 2.10 2.20 NEW YORK COFFEE —Oct. 25 Santos High. Low. Close. March 8.80 8.75 8.77 Ifay 8.52 8.46 8.52 July 8.40 8.36 8.39 September 8.27 8.25 8.26 December 9.31 9.25 9.31 Rio March 6.00 5.99 6.00 May 5.90 588 .588 July 5.79 5.73 5.76 September . 5.66 5.63 5.36 December 6.40 6.35 6.40

Zaiser & Zaiser , Incorporated Brokers Stocks and Bonds 129 E. Market Lincoln 9375 Lincoln tJ67

LOANS AT REASONABLE RATES FOR ALL WORTHY PURPOSES The Indianapolis Morris Plan Company Delaware and Ohio Bta Riley 1536

—SAFETY— First Os All Fletcher frost fompang

CAN A FIXED TRUST STAY FIXED? We feel a common stock investment portfolio must have flexibility. In our opinion any fixed or rigid program does not meet this requirement. Consult with us or write for complete details and our suggestions. ' T. P. Burke & Cos Incorporated SUITE 22S CIRCLE TOWER PHONE Riley 8536

Checking Accounts Insurance of sll kinds excepting life One Doflar or more will open an Interest bearing Savings Account. AETNA Trust and Savings Cos. S3 North Pennsylvania Street Lincoln 7371

PAGE 11

STOCK VALUES SLUMP AFTER EARLYUPTURN Steel Preferred Moves Up While Common Sells Down.

Average Stocks Prices

Average of thirty Industrials for Tuesday, high 61.96. low 59.70, last 60 32. off .71. Average of twenty rails. 27,50. 26.84. 27.12. off .21. Average of twenty utilities. 27 24, 26.57. 26.81, off .26. Average of forty bond*, 79.20. off .32. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Oct. 26.—Declaration of the regular quarterly dividend of $1.75 on United States Steel preferred stock brought a brief spurt of activity or the Stock Exchange today. Prices roee fractions to 2 points. However, the rise did not hold and trading quieted down in the first few minutes. Some of the leaders slipped back from their openings. Steel common opened at 35*i, up \ point, while the preferred rose to 74*2, up 26*2, after opening at 72. Bethlehem Steel rose to 17%, up i. Rails Make Gains American Telephone opened at* 103, up 1 and later eased off. Westinghouse Electric was at 26%, up 1; American Can 51 Vi, up 1%; Case 40. up 1%, and Woolworth 35 3 i. up %. Railroad shares made good gains, influenced by improved earnings for September Just coming out. Union Pa-ific rose to 64 hi, up 1%; Atchison 42%, up %; Delaware, Lackawanna and Western 30, up 1; Chesapeake and Ohio, 22%, up V 4. Part of these gains was erased later in the session. Steel preferred continued to gain in the early trading. The common eased off. Steel Operations Down The declaration of the regular preferred dividend by the United States Steel Corporation was variously received in Wa?l Street. Some observers interpreted it bullishly; several were displeased over the fact the directors refused to comment. The huge deficit of the corpora- * tion in the first nine months—s 73- „ 457,188—in some quarters was considered as a bearish offset to the dividend declaration. Other steel companies reported heavy losses. The Iron Age today found the rate of steel operations off % point at 19 per cent for the country

Bank Clearings

INDIANAPOLIS STATEMENT _. , —Oct. 26 Debit*" 8 ® $1,948,000.00 uemts 3,802,000.00 <

Foreign Exchange

(By Abbott Hoppin & Cos.) —Oct. 26—Sterlinit. England rr® nc V. F , ranc€ 0393% Lira, Italy .... r - . ... (istsu •' Franc. Belgium 1392 Mark. Germany 2a7 Guilder. Holland * '4027 Peseta. Spain n2i Krone. Norway 1694 Krone. Denmark 1730 Yen, Japan .2250 Chicago Stocks Opening (By Abbott. Hoppin & Cos ) „ , —Oct. 26 Bendix Avia ... 10%[Nob Spjrks 17% Warner .. 8 (Swift Inti 16% Si.ln* J?T lce ~ 3Walgreen Btores 13% Houd Hersh (Bi 2%1

Robert Barr & Company Dealers in Investment Securities Merchants Bank Building Indianapolis Telephone Riley 1581 Indianapolis—St. Paul—Minneapolis—Denver—Chicago.

Union Trustee, of Indianapolis BOND DEPARTMENT Government ' and Municipal Bonds Gravel Road Bonds Bonds of Selective Issues Bought and Sold 120 E. Market St. Riley 5341 .

ABBOTT, HOPPIN & COMPANY 203 Continental Bank Bldg. Indianapolis Stocks, Bonds, Grain MEMBERS: New York Stock Exchange New York Curb Exchange Chicago Stock Exchange Chicago Curb Exchange Chicago Board of Trade Co-Managers JAMES T. HAM ILL KENNETH K. WOOLLING formerly Member* of JAMES -T. HAMILL & COMPANY Riley 5493-5494