Indianapolis Times, Volume 44, Number 153, Indianapolis, Marion County, 5 November 1932 — Page 10

PAGE 10

LIGHT BUYING CARRIES STOCK SHARES HIGHER Session Ends With Gains of 1 to 5 Points in All Sections.

Average Stock Prices

Average of thirty industrial, for Thursday, high 59 06 low 57.31, last. 58 28. off 25 Average of twenty rail* 25 32 24 17. 24 70, off .43 Average of twenty utilities 35 94, 25 27. 25 43, off 20 Average of forty bonds 78.01. off 38. BY ELMER C. WALZER t'nlted Press Flnanrial Editor NEW YORK, Nov. s.—The stock market Friday retrieved nearly all the losses made in the preceding sessions of the week. Gains ranged upward to more than 5 points. Volume was light. Accompanying the rise in stocks and in a great measure responsible for it was an advance of wide proportions in grains. Wheat at one time was up nearly 2 cents a bushel. It. closed with gains of 1% cents to IS cents. Corn closed up cent to 7 * cent a bushel, and other grains were firm. Cotton gained a dollar a bale. Another factor making for strength in stocks was reversal of the recent downtrend in bonds. That market made substantial recoveries all along the line, with the oil issues featuring. Low priced rails came back after early irregularity. Rails Show Gains Railroad stocks made wide advances, headed by Union Pacific which came close to 65, against a previous close of 59. Atchison rose more than 3 points, while gains of more than 2 points were made by Npw York Central, Delaware, Lackawanna & Western, and Chesapeake & Ohio. American Telephone crossed 104, following its drop below par Thursday. It held most of the gain. Advances of 1 to more than 2 points were made by a long list of other Utility issues, including Consolidated Gas, North American and Public Service of New Jersey. Allied Chemical spurted more than 5 points and held most of it. Case shot up more than 4 points. Steel common crossed 35 for a gain of more than 2 points. Advances similar to that in Steel were noted in American Can, Du Pont, International Harvester. United Air Craft, Drug, Inc.; United Carbide and Johns Manville. “Wet" Stocks Rally Gold mining shares faded out of the picture after their spurt of activity Thursday when Homestake went to anew record high at 152. Oils ruled firm, as did copper shares. Electrical equipments were featured by Westinghouse Electric, which at one time was up more than 2 points. Chemical issues followed Allied Chemical. The so-called “wet 7 stocks staged a smart rally. Owens Illinois Glass (largest bottle manufacturer) stock rose to 34 Vup 5U points. Crown Cork and Seal spurted 2% points to anew high for the year at 19%. while Anchor Cap was up % at 10. National Distilleries reached 20*2, up 3, and United States Industrial Alcohol 25!*, up 2S points.

Investment Trust Shares

ißv Abbott. Hoppin <fc Cos.) PRICES ARE TO 13 NOON C. S. T. NOV. 4 Bid Ask. Am Founders Coro com 1.00 1.25 Amer and Gen Sec (A) 4 00 7 00 Am Inv Tr shares ..... ISO 2.00 Basie Industry shares 1.75 2.00 Collateral Trustee shares IA).. 0.00 3.25 Corporate Trust new 1.59 1 62 Cumulative Trust shares 2.50 2.70 Diversified Trustee shares tA > 0 7,5 700 Fixed Trust Oil shares tA' ... 5.25 5.75 Fixed Trust Oil shares (B' 4.50 5.00 Fundamental Trust shares iAi 2.75 3.12 Fundamental Trust, shares ißi 2.75 3.12 Leaders of Industry (A) 2.37 2.02 Low Priced shares 2.50 2,52 Mass Inv Trust shares 13.25 14.75 Nation Wide Becuriltes 2.25 2.35 North American Tr shares (53) 1.64 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 2.25 2.37 Super Corp of Am Tr Shares.. 2.15 2.30 Trustee Std Oil (Ai 3.30 3.t0 Trustee Std Oil <B> 3.30 3.40 TANARUS! S Flee Light * Power (A) ..14 00 14.25 Universal Trust shares 1.96 2.06

Foreign Exchange

(By Abbott. Honoin * Co.l Nov. 4 Open. Close. Sterling England *3 39% 3.29% Franc. France 0393% .0393 Lira Italv 0512 .0512% .Franc. Belgium 139.1 .1393 Mark. Germanv 2375 .2375 Guilder, Holland 4027 .4025 Peseta. Spain .0817 .0820 Krone. Norway .1677 .1678 Krone. Denmark .1744 .1715 Ten. Japan 2113 .2113

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds over 4'a lbs., lie; under 4 l a lbs . 9c; leghorns. 7c: broilers, colored springers. 1’ 2 lbs. up, tOc: barebacks and partlv feathered. 7c: leghorn and black. I' 2 lbs. up. 8c: cocks and stags. Sc; leghorn cocks. 4c. Ducks, large white, lull feathered and fat. 7c; small. 4c. Oeese. full feathered and fat. 7c. Young guineas, each. 20c: old. 15c. Eggs, approved buving grades of Institute Jf American Poultry Industries: No. 1. 24c; No 2. 19c: No. 3.11 c; country run. loss off 20c Butter. 22 to 23c; undergrades. ?0 to 21e: butterfat. 18c. These prices for healthy stock free from feed. No sick poultry accepted. Quoted bv the Wadfey company. BY VNITED TRESS CHICAGO. Now 4.- Eggs—Market, firm: receipts 2.433 cases: extra firsts. 26'j(h:27c: firsts. 25>4#26c; current receipts, 22#25c: dirties. 17# 21c. Butter—Market, steady; receipts 7.685 tubs; extras. I9 j c; extra firsts 18*.4'!i 19’c; firsts, lTi'S'lSc; seconds lSfiilfi 1 jc: standards, 19'ic. Poultry— Market, sleadv; receipts I car. 29 trucks; fowls. 11# 14c; springers. lOWll'jC; Leghorns, 9'jc: ducks. 10#12*,c: geese, 9# 12'*c; geese. 9'jc; turkeys. 10W17c; Toost<rs. 9c: Leghorn broilers. 9r. Cheese Twins, Young America, It 3 *# 12c. Potatoes—On track 207: arrivals. 58: shipments, 380; market, dull: Wisconsin cobblers, 60# 65c: few 70c; Minnesota cobblers. 60tj67'jc; North Dakota Red River Ohios. 70c; Idaho Russets. slos® 1.15, Michigan Round Whites. 65c. CLEVELAND. Nov. 4. Butter Market, steady; extras, 23*4C; standards, 23'gc. Eggs—Market, firm; extras. 29c; extra firsts. 26c; current receipts. 24c. Poultry —Market, steady; heavy fowls. 14# 15c; medium fowls. Leghorn fowls. 8# 10c: heavy rock broilers. 12# 13c; heavy colored broilers, 11@12c.; medium broilers ilffllc. Leghorn broiler*. 10c; heavy duo*s 12c; medium ducks, ltr; young geese.lw; old geese. 8c; voung turkeys, 20# 22c; old roosters. 10c. Potato**— Ohio and Pennsylvania 100-lb. sacks C. S. No. 1. Cobblers and Russets Rural* pa.'tlv graded mostly 65# 70c; few best. 75c; New York Ohio and Pennsylvania Cobblers and Russet rurals sacks a bushel, partly graded mostly. 35#40c, few best well graded. 45 *£soc. CINCINNATI O Nov. 4.—Butter Packing stock No. 2. 10c. No. 3 Sc; butterfat. •16# 18c. Eggs—Steady, t cases included) extra firsts. 30c; seconds. 24c; nearby ungraded. 29c. Live poultry—'Following quotations represent prices for poultry in good healthv condition. Thin and coarse Stock sells onlv at heavy discount). Fowls, 5 Ibe. and over. 13c; 4 lbs. and over. 12c--3 lbs. and over. 10c; Leghorns. 3 lbs. and over. 10c: roosters. 7c: colored broilers. I Ih. and over. 15c: I’a lbs. and over. 15c: 2 lb*, and over. 13e; fryers. 3 lb*, and over. 13c: roasting chickens. 4 lbs. and over. 13c; partly feathered. 7c; Leghorn broilers. 1 lb. and over. 12c: 114 lbs. and over. 12e: 9 lbs; and over. 10c, black springers. 7c; ducks under 3 lbs. sell at liberal concessions; ducks white. 4 lb*, and over. 9c: under 4 lbs.. 7c; colored. 4 lb. and over. 8c: under 4 lbs.. 6c; guineas. 6c: eprlng guineas, I 1 -* lbs and over. 10c; 2 lbs. and over. 10c; turkeys. No. 1 hens. 8 lbs. and over. 17c: young Toms. No. 1. 10 lbs. and over. lie.

New York Stocks 1 <Bv Thomson Jk McKinnon)"” "

—Nov. *— Railroad*— i*rv. High. Low. Cloee. close. Atchison *tw 37 *• ! Atl Coast Line .. 21 19 21 18 i Halt * Ohio .... 12% 11% 12'a U> iUhesa & Ohio.. 22% 20% 22 20% I Che*a Corp .... 12% 11% 13 1 a 12 lean Pac 13% 13‘a 13% 13 Uhl Grt West ... ... 32% Chi N West % 5% 5% C. R. UP..,. 5% 5 5% 4% i Del LA W . . 27‘a 2% 36% 24 i Del A. Hudson a7% 54 Brie 5% 5S 6% e tine Ist pifl J’j Great Northern. 12 10% 12 10% Illinois central.. 14% 13‘a 14% 13% tx>u A Naah 18% 14% 18% IS M. K A T % % 5% Mo Pacific ... 5 4 % Mo Pacttlc. ptd.. 7% 7% 7% 7 N Y Central 22% 20% 22 19% Nickel Plate ... 3% INK NH A H 15 14 14% 13 Nor Pacinc .... 1% 14% 14% 14% O A W 8% 7% 8 7% Pere Marq 5% Pennsylvania ... 14 s * 13 12% 12% Reading ... ... 31 Seaboard Air L ... % 3o Pacific 18 15% 17% 15 Southern Ry ... 8 7% 8 7 St Paul ... 2 2 St Paul pld. ... 2% 3% 3% 3 lit L & 8 P ... 1 % 1 % Union Pacific . #4% 59 63% 59 W Maryland .... 6% 5% 6 8% Equipments— Am Car A Fdy.. . ... 8% 7% Am Locomotive... 7% 7% 7% 7 Am Steel Fd .. . 7 6% 7 5% Am Air Brake Sh 10 9% 10 10 Gen Am Tank.. 14 15 14 14% ! General Elec 14 14% 14 14% ! Gen Ry Signal 12% 12% i Lima Loco 11% 11% Press Stl Car 1% ... Pullman 20% 19% 20% 19 Westlngh Ar B . .. ... ... 13 Westlngh Elec... 25% 23% 24% 23 Rubbers— Firestone 12 12 Fisk ... ‘/a ... Goodrich 5% 5% 5% 5% Goodyear 16% 14% 1# , 14% Kelly Sprgfld 1% Lee Roober .... 5% 5% 5% 5 U S Rubber a 4% 5 4% Motors—- ! Auourn 41% 38% 40% 33% ! Chrysler ... 14% 13% 13% 12% General Motors.. 13% 12% 13% 12 Graham-Paige. . . 1% 1% 1% 1% Hudson 4% 4% 4% 4 Hupp 2% 2% 2% 2% Macs 21% 19 21 18% Marmort ... 1% ... Nash 13% 13% 13% 12% Packard ........ 2% 2% 2% 2% Peerless ...A 1% 1% 1 Reo 1% Htudebaker . ... •I 1 * 4% 4% 4% White Mot .. . 20'* 20 20% 20% Yellow Truck 4% 3% 4% 3% Motor Access— Am Boscn ... ... 5Vi Benaix Aviation. 10 y% 9% 9 Borg Warner ... i% 7% 7% 7 Briggs 4% 4% 4% 4% Campbell Wy 4% Eaton ... 5% 5.% El Auto Lue 16% 16 16% 15% , El Btorage B ... ... 23% I t-iayes Body .... 1% 1% 1% 1% Houaa 2V* 2 2% 2 Murray Boay ... 3% 3% 3% 3% Spark.. W 1% 1 % Stewart Warner. 3% 3% 3% 3% Timkin Roll .... 15 14 14% 14 Mining— Am Metals 5 5% Am smeit 15 13% 14% 12% Am Line 3 Anaconda Cop .. 9 8% 9 8% Aiasica aun . . . lt% 11% IJ% llr* Cal A Hecia 8% 8% 8% 3% Cerro a Pasco.. 7% 7 7% 6% Dome Mines ... 12 11% 12 11% Freeport Texas.. 24V* 21% 23% 21 Granby Corp 5Vs 7% Great Nor Ore. 8 7% 8 Howe Sound .. .. ... 7V* 6 s * Int Nickel 8% 7% 8 7% Inspiration 2% Kennecott Cop.. 10% 9% 10% 9% Magma Cop 3% 2% 2% ... Miami Copper ... ... 3 Nev Cons 6V* 5% 5Vi 5 Noranda 17% 17% 17% 17% Texas Gill Sul... 21% 21 21% 20% U S Smelt 14% 14Vi 14% 13% Oils— Amerada 19% 19 % 19% ... Atl Refining. 16% 15% 15'* 15% Barnsdall 4*2 4 4% 4% Houston 33 Indian Refining 2 Sbd Oil 13 12 13 12 ' Mid Conti 5% Ohio Oil 8% 8% 8% 8% Pan-Amer ißi.. .. ... 12V* 12 Phillips 5% 5% 5% 5% Pure OH 4% 3% 4 3% Roval Dutch 18% 18 Shell Un 6% 6 6% 6% Simms Pt ... 5% 5Vs Cons Oil 6* 6Vs 6% 6 Skell.v 3*2 ... Standard of Cal. 25% 24% 25% 23% Standard of N J 30% 29% 29% 29% Soc Vac 8 7% 8 7% Texas Cos 14 13*2 14 13% Union Oil 10% 10% 10% 10% Steels — Am Roll Mills.. 10% 9% 10% 9% Bethlehem 17% 16 17% 16% Byers AM 14 13* * 14 12% Colo Fuel 6 6

Indianapolis Cash Grain

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—Strong; old 37%®38%c; No. 2 red. 36%®37%c; No. 2 hard. 37 Vi® 38%c. Corn—Strong; old, No. 2 white, 18® 19c; No. 3 white. 17®18c; No. 2 yellow, lS'o'lQc: No. 3 yellow, 17® 18c: No. 2 mixed. 17® 18c; No. 3 mixed, 16® 17c. Oats—Strong; No. 2 white, 12%®: 13c; No. 3 white. 12® 12 1 ic. Hay—Steady. iF. o. b. country points taking 23%c or less rates to Cincinnati or Louisville.) No. 1 timothy, *5.50® 6.00; No. 2 timothv, *s® 5.50. - Inspections • Wheat No. 2 red, 6 cars; No. 2 hard. 10 cars; No 1 mixed. 1 car; total, 18 cars. Corn—No. 2 white, 3 cars; No. 3 white, 1 car; No. 1 yellow, 1 car; No. 2 yellow. 8 cars; No. 3 yellow. 3 cars; No. 4 yellow. 5 cars; No. 5 yellow. 2 cars: No. '6 yellow. 1 car; total. 24 cars. Oats—No. 2 white. 10 cars: No. 3 white. 21 cars; No. 4 white. 2 cars; sample white, 1 car; No. 2 mixed, 1 car; No. 3 mixed, 1 car; total, 36 cars. CHICAGO CASH GRAIN By United Press CHICAGO, Nov. 4.—Cash grain close. Wheat —No. 2 red. 46c. Corn (Old)—No. 2 mixed, 25%c; No. 3 mixed, 25%c; No. 1 yellow. 26 '* ® 26%c; No. 2 vellow, 26® 26 %c: No. 3 yellow, 25%®25%c; No. 4 yellow. 25%c; No. 2 white. 25%®28%c: sample grade. 21c. Corn 'New No. 3 mixed. 23c; No. 2 yellow, 25%®28c; No. 3 yellow. 24%®25%c; No. 4 vellow. 24® 24 %c; No. 5 yellow, 33%®23%c; No. 6 vellow, 34%c: No. 3 white, 24%c; No. 4 white. 23%®24%c: No 5 white. 33%®' 23%c. Oats—No. 2 white. 16®16%c: No. 4 white. 14%c. Rve— No. 2, 31%c. Barley 34® 36c Timothy Clover—*7.so® 8.75. By Times Special CHICAGO. Nov. 4 Carlots: Wheat, 7; corn, 203; oats, 10; rye, 0, and barley, 5. TOLEDO CASH GRAIN TOLEDO, Nov. 4. —Cash gram close: 'Grain in elevators. transit billing'. Wheat—No. 2 red, 49%®50%c; No. 1 red lc. premium. Corn—No. 2 yellow, 30®31c. Oats—No. 2 white, 19%®20%c. Rye—No. 2, 40®41c. Barley—No. 2. 30® 31c. ‘(Track prices. 28%c rate). Wheat—No. 2 red. 44 ®44%c; No. 1 red. 45®45%c. Corn- No. 2 yellow, 25%®26%c; No. 3 yellow. 24% @25%c. Oats —No. 2 white, 16®17%c; No. 3 white. 16® 17c. Clover—Cash. *5.30 ®5.50: December. 5 40®5.60. Alsike Cash—ss.so® 5.85; December. $5.50®5.85. Produce: Butter—Fancy creamery. 24c. Eggs—Extras 28%®29c. Hay—Timothy per cwt., 80c.

THIS CURIOUS WORLD -

ONCE HAD AN EYE IN THE AAIDOLE ia. if* Cf* OF ITS HEAD. A ROOIAIENTARY L.rTllNfcO'fc. EYE GAN BE IN ITS BRAIN. RAY | —jj ' BiCfifiROHALUBuIiTON SYrfAM FROM THE ATLANTIC = ■*> THE PACIFIC... THROUGH THE PANAMA CANAL. HE PAID THE GOVERNMENT TH/G7YStX CENTS FORJOU. CHARGES’, BASED ON HIS* TONNAGE/ -—(■'"SfilS

Crue Steel 12 I Luolum 4% 5 5% 5 McKeesport Tin, 44% 43 S 44% 43 Midlana p% 6% 6% 6 Newton 3% Repub lAS 6% "t 'o% s% U S Steel 35% 32% 34% 32% Vanadium 12% 11 12% 10% Youngst SAT.. 11% 10% 11% 9% Tobaccos— Am 10b IAI new #2% 61 Am Tob 181 new 66% 63% 66 62% Lig A Myers ißi 56 .44% 56 53% Reynolds Tob... 29% 28% 29% 28% United Dig % % 1. i„ Utilities— Aaams Exp 5% 5 5% 4% Am For Pwr 7% % 7% 6% Am Pwr A L 1... 8"* 8 8% 7% AT A T 104% 100% 103% 99% Col Gas A *1... 12% 11% 12% 11% Com A Sou .... 2% 2% 2% 2% Cons Gas 57% 5a 56% 53-* El Pwr A Li ... 7% 7 7% 6% Oen Gas A 1% 1 1 1% Inti TAT 9 8% 8% 8 Lou Gas A El 18 18 Natl Pwr A Li.. 14% 13% 14% 13% No Amtr Cos ... 27% 25% 21% 2a% PBC Gas A E 1... 27% 24% 27% 26 * I Pub ser N J ... 47% 46% 47'* 45% So Cal Edison.. 25% 2a 25% 24% old GA El la% 15 15% 14 United Corp B*2 7% 8% 'i* !Un Gas imp . 18 17% l/% 17% |W Pwr ALA... 3% 3% 3% 3% : West Union .... 28 * 26’* 27% ... Shipping— Am inn Corp... 7 6% 6% 6% N Y Ship 2% 2% Unuea prult ... 19% 19** 19% 18% Foods— Am Bug 21% 20% 21% 20% Armour A 1% ... Cal Pkg 10 9% 10 ... Can Dry 9% 8% 9% 8% Childs Cos 4% ... Coca Cola 91 89% 91 90 Cont Baking iA) ... 4% 4 corn Prod 50% 47% 50% 48% Crm Wheat 24% 23 % 24% 23% Cuban Am Sug.. 2 1% 2 Gen Foods 27% 27 27% 26% Grand Union 4% 4% Rershey 55 53% jewel Tea 26% 26% Kroger 14% 14% Nat Biscuit .... 37% 36 37'% 35 Natl Dairy 17% 17 17% 16% Purity Bak. ... 8 7% Piusbury 12% 11 12% 10% Bafewav St 49% 47% 49 47% 0.0 Brands 15% 14% 14% 14% Drugs— Coiy me 3% 3V* Drug Inc 34% 33 34% 32% camoert Cos ... 34% 34 34% 33 Lenn A Fink 16 Industrials— Am Radiator.... 7% 6% 7% 6% Gen Asphalt .... 7% 7 7 Lehigh Port 6 Otis Elev 11% 11% 11% 11 % Ulen IV* 1 Indus Chems— Air Red 53 50% 53 49% Allied Chem 73% 69% 72% 68% Com Solv 9Vs 8% 9 8% Dupont 34 31V* 33 Vi 31% Union Carb 22% 21% 22% 20% U S Ind Alco 25 V* 24Vs 25 V* 22% Retail Stores— Assoc Dry Gds 51/2 Kresge S S ... 10% 10V* 10% 10 Mav D Store ... ... 12% Mont Ward 11% 10% 11% 10 Penny J C .... 20% 19% 20% 19% Sears Roe 18% 16% 17% 16% Woolworth 36% 36* * 36% 35% Amusements— Bruns Balke 2 Croslev Radio 48% Eastman Kod.. 51 48% 51 Fox Film A.. . 32% 32% Grigsby Gru 1% 1 1 1 Loews Inc 26% 24% 26 23% Param Fam 32% 2% 2% Radio Corp 6% 6% 6% 6% R-K-O 3% 3% Warner Bros ... 2 1% 2 IV2 Miscellaneous— City Ice AFu 11% 11 Congoleum 9 Vi 9 9'% 9% Proc & Gam 289% 28% 29% 29 Allis Chal 7% 7% 7% 7% Am Can 52% 49% 51V* 48% J I Case 37 V* 34 36 V* 32% Cont Can 33 32 32% 32% Curtiss Wr 2 1% 2 1% Gillette S R 17% 16% 17 16V* Gold Dust 15% 15 15% 14% Int Harv 21 18% 20% 18% Int Bus M ... 90 87% 90 86 Real Silk . ... ... 4% Un Arcft 23% 22 23% 21% Transamerica .. 4% 4*2 4% 4% New York Curb IBy Thomson A McKinnon) —Nov. 4 Close; Close Alum Cos of Am 51 |lnt Pete 9% Am Cynamid .. 3%|lnt Super 12 Am Gas & Elec 26% Mead Johnson. 43 Am Lt A Trac.. 17 iMidwest Util ... % Am Super Pwr 4%|Mo Kan Pipe... % Ark Gas (A) .. 1% Nat Invest 3% Asso Gas A El 2% Newmont iMn .. 12 Braz Pwr & Lt 7%;Nia Hud Pwr... 14% Cent Sts Elec.. 2%;Niles 5% Cities Service.. 3%|Penroad 1% Cord 4)* St Regis Paper, 3% Deere A Cos ... 9 1 Salt Creek 4% El Bnd A Share 23 |So Penn Oil .. 13% El Pwr Asso s'ijStd of Ind 23 Gen Aviation.. 5% Stutz 7% Ford of Eng.... 3% United G inewi 2% Goldman Sachs 2%,Un Lt A Pwr A 4% Gulf Oil 30*4 Ut Pwr 1% Hudson Bay . 3 jUn Fndrs 1% Imp Oil of Can 8%! New York Bank Stocks (By Thomson A McKinnon) —Nov. 4 Bid. Ask. Bankers 62 64 Brooklyn Trust 160 175 Central Hanover 132>,a 136% Chase National 34% 36% Chemical 34 36 City National 41% 43% Corn Exchange 69% 72% Commercial 160 170 Continental 16% 18% Empire 23% ' 25% First National 1.490 1,540 Guaranty 310 315 Irving v 33% 25% Manhatten A Cos 28% 30% Manufacturers 27% 29% New York Trust 89% 92% Public 27 *% 29% Title 38'% 41% New York Liberty Bonds —Nov. 4 Close. Libert 3 Vis, 47 101.15 Liberty First 4%5, 47 102.5 Liberty Fourth 4*/*s, 38 103.11 Treasury 4%5. 52 107.3 Treasury 4s. 54 103.29 Treasury 3%5, 56 102.9 Treasury 3%5, 47 100.27 Treasury 3%5. 43, March 101.3 Treasy 3%5. 43, June 101.5 Treasury 3%5, 49 97.27 Treasury ?s. 55 96,9 NEW YORK COFFEE Rio Nov. 4 - High. Low Close. March 6.00 5.92 5.92 May *.. 5.85 5.79 5.79 July 5.77 5 69 5.69 September 5.67 5.62 5.62 December 6.40 6.28 6.28 Santos High. Low. Close. March 8.85 8.72 8.73 May 8.85 3 72 8.73 May 8.55 8.46 8 48 July 8.40 8.34 8.34 September 8 28 8 22 8.22 December 9.43 9.27 9.27 RAW SUGAR PRICES NOV. 4 High. Low. Close. January 1.01 .99 1.00 March 96 .95 .95 Mav 1.01 .99 .99 July 1.05 1.04 1.04 September 1.09 1.08 1.08 ! December 1.05 1.02 1.04

THE INDIANAPOLIS TIMES

HOGS MOVE UP ON SCARCITY OF SUPPLIES HERE Hardly Enough Cattle on Hand to Make a Market. Bolstered by the light supply and steady demand hogs moved up 15 cents on most classes Friday at the city yards. The bulk, 100 to 300 pounds, sold for $3.35 to $3.45; early top holding at $3.45. Receipts were estimated at 5,500, Holdovers were 98. Hardly enough steers were on hand in the cattle market to make a showing. She stock was little changed. Receipts were 400. Vealers were steady at $5.50 down. Calves receipts numbered 500. In the sheep market lambs were weak, selling mostly at $5.50 down. Top prices was $5.75, paid more sparingly than Thursday. Receipts were 2,000. Early sales and bids on hogs at Chicago showed an increase of 5 to 10 cents over Thursday's average. The bulk of good to choice porkers weighing around 140 to 240 pounds, sold at $3.35 to $3.40. while heavy packing sows scaling 360 to 500 pounds, sold at $2.50 to $2.80. Receipts were estimated at 10,000, including 3,000 direct; holdovers were 3,000. Cattle receipts numbered 1,500; calves, 600; market stationary. Sheep receipts were 10,000; market unchanged. * HOGS Oct. Bulk. Tod. Receipts. 29. *3.15® 3.35 *3.35 3.000 31. 3.15® 3.35 3.35 6,000 Nov. 1. 3.25@ 3.35 3.35 7.000 2. 3.15® 3.25 3.25 7.000 3. 3.20® 3.30 3.30 6.000 4. 3.35® 3.45 3.50 5,500 Receipts, 5,500; market, higher. (140-160) Good and choice....* 3.45@ 3.50 —Light Lights—-(l6o-180) Good and choice ... 3.45@ 3.50 —Light Weights—-(lßo-2001 Good and choice ... 3.40® 3.45 (220-250) Medium and g00d... 3.35® 3.40 -Medium Weights—--1220-250) Medium and g00d... 3.35® 3.40 (250-2901 Good and choice 3.35® 3.40 —Heavv Weights—-(29o-350) Good and choice.... 3.20® 3.35 1350-500) Medium and good.. 2.25@ 3.00 (100-120) Slaughter pigs 3.35® 3.45 CATTLE ' Receipts, 400; market, steady. Good and choice * 6.00® 8.50 Common and medium 3.00® 6.00 (1,000-1,800) Good and choice 6.50® 9.00 Common and medium 4.50® 6.50 Good and choice 5.25® 7.50 Common and medium 2.50® 5.25 —Cows— Good and choice 3.00® 3.75 Common and medium 2.25® 3.00 Low cutter and cutter cows.. 100® 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. 500; market, steady. Good and choice * 5.00® 5.50 Medium 3.00® 5 00 Cull and common 2.00® 3.00 Good 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 Receipts, 2.000; market, steady. Good and choice $ 5 00® 5.75 Common and medium 2.50® 6.0n Ewes, medium and choice .... I.oo® 2.00 Cull and common 50® 1.00 Other Livestock BY UNITED PRESS CHICAGO. Nov. 4.—Hogs—Receipts. 10.000. including 3,000 direct; active. 10c higner; 140-280 lbs., $3.30®;3.40; top. $3.45; pigs, *2.85®3.25; packing sows, *2.50®2.90; smooth light weights to *3.15; light lights. 140-160 lbs., good and choice. $3.15®%.40; light weights. 160-200 lbs . good and ahoice, *3.25®3.45: medium weights. 200-250 lbs., good and choice. *3.30® 3.45; heavy weights, 200-350 lbs., good and choice. *3®3.45; packing sows, 275-500 lbs., medium and good, *2.50(83.15: slaughter pigs, 100-130 lbs., good and choice. 52.85®3.50. Cattle - Receipts. 1.500; calves. 600: auality plain, slaughter steers and yearlings fairly active, strong; light heifer and mixed yearlings, strong: beef cows, dull; bulls and vealers. unchanged; no load lots steers or yearlings on offer eligible to over. *6.75. Slaughter pattle and vealers —Steers. 600900 lbs., good and choice. [email protected]; 900-1100 lbs., good and choice, *6®8.50; 1100-1300 lbs. good and choice. $6.25®9; 1300-15C0 lbs.; good and choice. *6.50(8 9: 600-1300 lbs., common and medium. [email protected]; heifers. 550-850 lbs., good and choice. *5.75® 7.75; common and medium. *[email protected]; cows good and choice. s3@4; common and medium, $2.25@3: low cutter A cutters. *1.25® 2.25: bulls, yearlings excluded, good and choice, beef *[email protected]: cutter to medium. s2® 3; vealers. milk fed, good and choice, $4.50®6: medium. *3®4.50: cull and common. s2®3. Stocker and feeder cattle— Steers. 500-1050 lbs., good and choice. $4.25 <@6.25: common and medium. *[email protected]. | Sh/2P— Receipts. 10.000; mostly steady with 1 Th ursday's average; desirable native lambs. 6*4/5.75: latter price also bid for fed wpst- ; erns; one load closelv sorted natives. *5.90 to citv butchers. Slaughter sheep and lambs—lambs, 90 lbs. dbwn. good and choice. SS(B 6: medium. *44/5; all weights, common. *3.50@4: ewes. 90-150 lbs., medium t.o choice. *1®2.50: all weights, cull and comon. 50c®*1.75. Feeding lambs—so- - lbs., good and choice. *4.50®5.25. PITTSBURGH. Nov. 4.—Hogs Receipts. 2.700; market mostly 5c higher; 140-240 lbs., 53.60®3.75; 240-290 lbs., *[email protected]; 100-130 lbs.. *3.40® 3.85; packing sows, steady, mostly *2.50® 2.75. Cattle—Receipts, 50; market, about steady, medium grade steers and yearlings quoted at $4.35®5.75; good grade about 86 upwards; common doWTi to *3.25; medium to good cows $2.50® 3.50: sausage bulls S2@3; calves, receipts. 150; market slow, weak to 50c lower; better grade vealers, *s® 6. Sheep—Receipts 1.250; market. lambs steady to 10c higher; better grades $5.50® 5.85; heavy weights *4.75®5.25; common to medium. $3®4.25. CLEVELAND. 0.. Nov. 4.—Hogs—Receipts 700; hold over none; bulk mostly 10c higher: weights 250 lbs. down to pigs, 53.60: rough sows steady at $2.75; stags 25c higher $2.25. Cattle—Receipts. 175; steady; scattered light weight steers. 53.25® 4.25: grade largely common, some cutter; low cutter cows. *1®1.75: most sausage bulls *3 downward; calves, receipts. 200; steady; bulk vealers *5.50 down; sparingly *6; cull to medium. *3®’ 4.50. Sheep—Receipts, 2.500; around steady; good to choice lambs. *5.50®5.75; best held above *5 85; heavy and buck lambs. *4.50®5; other throw outs largely *4.50 down. EAST ST. LOUIS, Nov. 4.—Hogs—Receipts. 6.500; market, active; uneven. 10® 20c higher than Thursday's average: top, *3.35; most sales. 130-220 lbs.. *3.25®3.35; a few 240-250 lbs., (3.15®3.20; light pigs, upward to *3.50; sows, largely, *[email protected]. Cattle—Recipts. 1,000; calves. 600: market. not enongh steers to make a market; vealers. 25c lower; top. *5; medium bulls, unchanged; top. sausage kinds. *2.60: other classes about steadv; mostly on a cleanup basis Sheep—Receipts. 1.500: market, opened about steady to butchers with packers inactive; good and choice lambs mostly *5.75: packers talking *5.50 or less; sheep, unchanged; fat ewes, *1.50®2. FT. WAYNE, Ind., Nov. 4.—Hogs—2oc up; 140 lbs. down. *3.05; 140-170 lbs., *3.15; 170-200 slbs., *3 30; 200-250 lbs. *3 20; 250-300 lbs . *3.10: 300-350 lbs . *3; roughs. *2®2.25; stags. *1.50; calves. *5.50; ewe and wether lambs. *5; bucks, *4. LAFAYETTE. Ind.. Nov. 4.—Market 10 to 15c higher: 160-200 lbs.. *3.25®3.35: 200-325 lbs., *[email protected]; 100-160 lbs., *3® 3.10; roughs. *2.SO down; top calves, *4.50; top lambs. *4.50. EAST BUFFALO Nov. 4.—Hogs—On sale, 4.000; fairly active: weights above 160 lbs., 5® 10c higher; others about steadv; desirable 170-250 lbs.. *3.65® 3.70; pigs and underweights. *3.75. Cattle—Receipts, 250; steers and heifers unevenly higher; common and medium. *4.75®5.50; cows firmcutter grades. *1.25@2, calves, receipts, 600: vealers generally 50c lower; good to choice, *6; common and medium *3.75® 5. Sheep—Receipts. 2.400; better grade lambs steady to strong: medium and lower grades slow, weak: good to choice moderately sorted. $5.75®5 85; common and medium inferior ihrowouu downward ..JOLEDO. O Nov. 4.—Hogs—Receipts, 250; market. 10c higher; heavv Yorkers, *3.10®3.20; mixed. *3 .5® 3 20; bulk. *3 15® 2 20: pigs. *l® 3.15; lights. *3 10®3 15; roughs. *2 35®2.50. Cattle— Receipts. 275market. slow. Calves—Receints. light; market, steady. Sheep and lambs— Receipts, light; market, steady. CINCINNATI. Nov. 4.—Hogs—Receipts, 3.600; including 460 direct and throughopen fairly active, mostlv 10c higher on 160-240 lbs : bulk. *3 50 : 250-300 lbs . *3 20 ® 3.40; market not established on lightsa few bids. *3.25 on 130-150 lbs., bulk held above. *3.35: sows, steadv: bulk. (2.25®2.50. Cattle —Receipts. 450; calves. 225; slow, otiilitv mostlv plain about steady with week's decline: common to medium steers and heifer*. *3® 5; ode head up to *5.65: strictly Ly feds lacking, grassy beef

Times Radio Dial Twisters

WFBM (1230) Indianapolis Indianapolis Fewer and Light Company SATURDAY P. M 5 .10—Skippv iCBS'. 5 45—Jack Miller orchestra (CBfli. 6 00—Frederick Wm. Wile (CBS 1 . 6 15—Connie Boswell (CBS). 6 10—Mever the buyers (CBS). 6 45—Democratic county committee. 6:so—Piano pictures (CBS I . 7:oo—Hot from Hollywood (CBS'. 7 Uj—Edwin C. Hill (CBS). 7:3o—Republican county committee. 7:4s—Negro Republican urogram. 8 15—Talk bv Senator Watson 8 35—Ann Leaf at the organ (CB8). B:4s—Democratic countv committee. 9 00—William O'Neal ICBS'. 9:ls—Pubhc Affairs Institute 1CB8). 9:4s—Vaughn DeLeath (CBS'. 10 00—Guv Lombardo and Royal Canadians (CBS i. 10 30—The columnist. 10 *s—Louie Lowe orchestra. 11:00—Dance orchestra. 11:30—Stanley Smith orchestra (CBS). 12:00 Midnight—Sign off. SUNDAY A M. B:oo—Junior Bugle (CBS). 9:oo—Entertainers. 9:3o—Christian Men Builders. 10:30 to Noon—Silent. 12:00 Noon—Labor program (CBS). P M 12:30—Records. I:3o—Transcription. I:4s—Church Loyalty Crusade. 2:00 Philharmonic-symphony concert 'CBS'. 4:oo—Wheeler Citv Mission. 4:3o—Foreign Legion 'CBS'. s:oo—Second Presbvterian church. 5:30 —Round towners iCBS'. 6.oo—Dr. Julius Klein (CBS'. 6 15—Barbara Maurel (CBS'. 6:3o—Musical memories 'CBS'. 6:4s—Junior League Speaker. 6:so—Louie Lowe orchestra. 7:oo—Ernest Hutcheson and orchestra 7:30—T0 the ladies (CBSi. 8:00—Bath Club (CBSi. B:3o—Parade iCBS'. 9.oo—Jack Bennv with Ted Weems orchestra (CBS'. 9:30 —Relief Mobilization broadcast (CBSI. 10:15 —The columnist, in: 30—Bohemia ns. 11:00—Dance orchestra. 11:30—Bernie Cummins orchestra (CBS'. 11:45—Hal Kemn orchestra (CFS). Sign off midnight. WKBF (1400) Indianapolis (Indianapolis Broadcasting. Ine.) SATURDAY P. M. s:oo—News flashes. s:ls—Vaughn Cornish. s:3o—Dinner melodies. s:ss—Lost and found by The Indianapolis Times. 6:oo—Evening records. 6:2s—Democratic county committee. 6:3o—Ward B. Hiner. 6:4s—Connie's orchestra. 7:ls—Blue shadows. 7:3o—Harry Bason. 7:4s—Golden melodies. B:oo—Orchestra. 8-15—Republican county committee. B:3o—Radio rangers. 9:00—All-Americans. 9:ls—Master's music room. 9:3o—Sign off. WLW (700) Cincinnati SATURDAY P. M. 4:4s—The Beachcombers. s:oo—Doctors of melodv. 5:15—01d Man Sunshine (Ford Rush). 5:30—80b Newhall. s:4s—Law for the Layman.” Reuben Horchow. 6:oo—Amos ‘n’ Andv (NBC). 6:15 —Gene A Glenn. 6:3O—R. F. D.. with “Boss” Johnson. 6:4s—Vogues and Vagaries. 7:oo—Over the Rhine. German band. 7:ls—Tony Cabooch. 7 ;30—Republican national committee (NBC l. ■7:4s—String auartet. 8:00 —Fourteen bricklops. B:3o—The Crosley follies. 9:oo—Thelma Kessler orchestra. 9:ls—The Whole Town's Talking. 9:3o—Herbie Kav's orchestra. 10:00—Henry Thles’ orchestra. 10:30—Doodlesockers with Sid Ten Kick. 11:00—Moon river. 11:30—Castle Farm orchestra. 12:00 Midnight—Sign off SUNDAY A M. B:oo—Children's hour (NBC). 9:oo—Church forum. 9:3o—Fiddlers Three (NBC). 9:45—M00d Continental (NBC). 10:00—Morning musicale (NBCi 11:00—Mexican tvpica orchestra (NBCi. 11:30 —Organ recital. 12 Noon—Biblical drama (NBC). P M. 12:30—Clyde Doerr saxophone octet (NBC). 1:00—To be announced. I:ls—Conservatory of music recital. I:3o—Orchestra iNBC>. 2:oo—Carillion chimes. 2:30—T0 be announced. 3:oo—Radio League of the Little Flower, Rev. Charles Coughlin 4 00—Smilin' Ed. McConnell. 4:ls—Croslev choir. 4:30—T0 be announced. s:oo—Religious Good Will. Society radio talks, Franklin Ford. s:3o—Roamios. 6:oo—Los Amigos. 6:3o—Orchestra (NBC>. 7-00—Hollywood preview. 7:3o—Svmpnonic note book. B:oo—Fourteen Bricktons orchestra. B:ls—Red Adams (NBC). B:4s—Morin Sisters. 9:oo—Thelma Kessler and orchestra. 9 15—Old singing roaster (NBCi. 9:30 —Back home with Luther and his Sylvanians (E. T.t. 9:4s—Citv government talk. 10:00 —Fourteen bricktops orchestra. 10:30—Vox Humana. _ , , 11:00—Wm. Stoess and his Flvmg Dutchmen. 11:30 Gus Arnhaim’s orchestra.

DOW-JONES SUMMARY

Chicago, Indianapolis & Louisville in September reported net loss amounting to $50,333. against $84,060 in September 1931; nine months net loss totaled $1,440,652. against $847,441 in first nine months of 1931. Federal reserve system ratio on Nov. 2, totaled 62.1 against 61.9 a week ago and 61.5 a year ago: New Tork bank ratio 59.2. against 59.2 and 68.7 rc- | spectively. Northern Pipe Line Company declared a dividend 0f~25 cents, payable Jan. 2, 1933. of record Dec. 16. 1932; on July 1 an initial dividend of 25 cents on present $lO par capital stock was paid. Canadian Pacific in four weeks of October gross amounted to $3,528,000, against $4,908,000 in like 1931 week; October gross totaled $12,280,000, against $13,764,000 in October, 1931; ten months amounted to $121,413,877. against $122,00,000 in first ten months of 1931. Consolidated Oil Corporation makes offer for Richfield Oil properties, offers to give $25,000,000 of 6 per cent twentyyear debentures and 400,000 shares of Ccnsolidated Oil common; also agrees to provide up to $10,000,000 In cash for settlement with unsecured creditors who do not participate in plan and for preference claims and expenses. Stock Exchange brokers loans during October declined $55,099,384 to $324,702,199: weekly brokers loans statement for week ended Nov. 2, showed Increase of $10,C00.000 to $362,000,000; non-brokers loans declined $4,000,000. Waitt & Bond declared the regular quarterly dividend of 50 cents on class A stock. Chicago, Burlington & Quincy Railroad during October handled 109.750 revenue freight cars, against 91.933 in preceding month, an increase of 19.4 per cent; last month's loadings amounted to 18.5 per rent under October 1931 figures when 130,190 ears were loaded and received from connections. Bell Telephone Securities Company reduces to S3O from SSO the down payment required of capital stock of American Telephone 6t Telegraph on its monthly payment plan. cows. $2.258 2.75: better kinds. $3 or better: bulk cutters and cutters. $181.75; hard shelled kind down to 50c: bulk bulls. $2.50(5 3: few un to $3.25. Vealers—Steady to weak: better kinds. $585.50; lower grades dull; other sales. $4.50 down. Sheep —Receipts. 1.000; all classes generally steadv; medium to good lambs $585.50: common to medium. $384.50: real thin throw outs down m (3.50; top mutton iwtt, SI.OO. By lime* Special LOUISVILLE. Nov. 4 —Cattle—Receipts. 150. steady; bulk common and medium steers and heifers. s3B*: better finished light weights salable to around $6.25; bulk beef cows, [email protected]; low cutters and cuttera, 75c@$1.7S: bulls $2.75 down; bulk native Stockers and feeders. $384.50; light westerns to $5. Calves—Receipts. 225; weak to 50c lower at $4 down. Hogs—Receipts, 600; 10820 c higher; most advance on weights 245 lbs. up; 175-240 lbs.. $3.30; 245-295 lbs.. $3.05(8300 lbs. up. $2.65; 170 lbs. down. $3.05; sows. $2.35; stags, $1.40. Sheep—Receipts, 125. steady; bulk medium to good lambs. $4.50; good salable to $5 or better:-Jower grades $3.50 down; fat ewes. slr2. Thursday’s shipments: 100 catus, 114 calves, and 218 sheep.

—8:38 r. M CBS—Mever the buver. WBBM (770)—Sports NBC —Three Jesters to WEAF / WGN (720)—Tom. Dick and Harry. NBC—Cuckoo to WJZ. —:5 T. M.— CBS—Piano pictures. NBC -The Goldbergs to WEAF WGN (720)—Kemp s orchestra. —7 P. M.— KYW (1020'—Tiny Theater; Canton orchestra. CBS—Abe Lyman and orchestra. WBBM 1 770)—Ensemble. NBC—Organist to WEAF NBC—American Taxpayer’s League to WJZ. —7:15 F. M.— CBS -Edwin C. Hill. WON (720)—Studio; Kassel's, orchestra. NBC—Lee Simms and orchestra to WJZ. WSM (650)—Dance orchestra. —I A© F. M.— CBS—lsham Jones' orchestra. NBC- ''K-7'‘ drama to WEAF. WT,V (870) —Organ; serenade. NBC Republican talk to WJZ. —7:45 P. M.— WSM (727 i—Y. M. C. A. Glee Club. WJR (750) Michigan Mountaineers. NBC Piano Duo and vocalists to WJZ. —8 P. M KYW (1020) Lopez, orchestra. CBS Shilkret's orchestra and Ruth Etting. NBC—Erno Rapee Mythical Tour to WEAF. NBC —Gus Van, Pickens Sisters and orchestra to: WJZ. I —5 P. M CBS —Poets Gold. NBC—Catholic hour toj WGN (720)—Cummin’s or-j chestra. NBC —V/hiteman's Rhythmic j concert to WJZ. —5:30 F. M CBS—lrene Beasley and. Round Towners. j NBC—Our American Schools! to WEAF. WGN (720'—Musicale. WMAQ (670 (—University of' Chicago Round Table. - P. M.CBS —Dr. Julius Klein. WBBM 17701—Frank Wilson. I NBC—Tenor with orchestra to WEAF. WGN 1720) —Ensemble. NBC—Eva Jessye choir toi WJZ. —6:15 P. M.— KYW (10201—Sports Reporter; Home Folks. CBS—Barbara Maurel and; New World symphony. NBC—Dramatic Sketch to WEAF. NBC—Minnevitch and Harmonica Rascals to WJZ. —6:30 P. M KYW (1020)—Canton orchestra. CBS—Musical memories. WBBM ) 770) -Sports. NBC—Orchestral Gems to! WEAF. NBC—Great Moments in History to WJZ. WMAQ (670i—Story Time. —6:45 P. M.— CBS Angelo Patrl, “Your Child.” —7 P. M KYW (1020)—Master s or-j chestra. CBS—Ernest Hutcheson,! pianist and concert orchestra. NBC—Rubinoff and orchestra. Eddie Cantor to WEAF. WGN (720)—Children's con-j cert. NBC —Sousa anniversaryGoldman band to WJZ. —7:15 P. M.— WBBM (7701—Grab Bag. !

Fishing the Air

Peggy Keenan and Sandra Phillips, redheaded artists of two-piano presentation, will start off their recital with two timely selections. “Collegiate” and “Sweetheart of Sigma Chi.” for the broadcast Saturday from 6:50 to 7 p. m., over WFBM and the Columbia network. “The Medicine Man,” a story of the secret service work of a young Arab in winning the confidence of and bringing the powerful Arab tribues to favor the English against the Turks, will be dramatized during the broadcast of K-7 over WTAM and an NBC network, Saturday at 7:30 p. m.

HIGH SPOTS OF SATURDAY NIGHT'S PROGRAM S:OO—NBC (WJZi —Little German band. 6:30 —Columbia —Mever the buyer. 7:3O—NBC (WEAF)—“K-7” Spy drama. 8;00—NBC (WJZ)—EI Toro RevuePickens Sisters-Gus Van. NBC tWEAF)— Erno Rapee mythical tour in music Hollywood. Columbia—Shilkret’s orchestra and Ruth Etting. 9:OO—NBC (WEAF)—Walter O’Keefe. 9:ls—Columbia—Public Affairs Institute. 10:00 —NBC (WJZ)—Jack Denny's or- . chestra. Columbia—Guy Lombardo and Roval Canadians.

Jay C. Flippen in the role of the loquacious Senator I. Saveon-Gas, and Arthur Pryor's Military band, will again be heard on the American Campaign broadcast over the Columbia network, Saturday, at 7:30 p. /ti. William O'Neal, tenor and recent radio discovery, will offer several selections from well-known musical shows, starting with “I Guess I'll Have to Change My Plan,” from “The Little Show,” dur-

Contract Bridge

This is the fourteenth of a series of articles by William E. McKenney exB" ' ing the one over one system of ng at contract bridge. BY W. E. M’KENNEY Secretary American Bridge League IT is not always difficult to bid for game or slam when your hand and partner’s hold all the high cards, especially if the opponents sit back and allow the two partners to bid back and forth uninterrupted. But a serious problem, always confronting the beginner at contract, is what to do when an opponent either opens the bidding or interposes with a bid. Let us first take up what to do when the bidding is opened by an opponent. Our first weapon is the informatory double, which is the doubling of an opponent's bid, partner not having made a bid. To make an informatory double over an original bid, the doubler not having previously passed, should show a hand that has hopes of going game with about one and one-half high card tricks in partner’s hand. There are several variations of the informatory double, but the first and most important is the one made with a hand containing about 3*4 high card tricks. In addition, it may contain a strong biddable suit—the reason that a simple overcall is because it would not convey to partner the great strength of the hand. * * * TE/TANY experienced players will make an informatory double on a hand containing a strong fivecard suit and a fair four-card suit —one headed by A 10 or K J. However, until a fair amount of experience has been gained at contract, it will not pay to use this type of informatory double, espe-

i SATURDAY —8 P. M—WSM 1850)—Barn dance (4 hours'. —8:15 P. M.— CBS—Trio. WBBM (770) Taxpayers Association. KGN (720) Everybody's hour. WMAQ (8701—Political talk. —8:20 P. M.— KYM (1020)—Master's or- ! chestra. CBS—Ann Leaf, organist. WBBM (770> —Entertainers NBC—S. R. O. Sketch to ! WJZ. P. M.— KYW (1020) —Maupin's or- ; chestra. |CBS —Wm. O'Neal, baritone I NBC —Dance orchestra to WEAF. —0:15 F. M ; CBS-Public Affairs Insti- ! tute. WGN (720)—McCoy's orj chestra. —9:20 P. M.— KYW (1020)—Mark Fisher’s ! orchestra. WGN (720i—Headlines. NBC—Three Keys to WJZ. WLS (870'—Barn dance. WMAQ (670)—Krenz orchestra. —9:45 P. SLOBS—Vaughn de Leath. WBBM (770)—Jack Miles' orchestra. WGN (720/ -Old Favorites. NBC—Pianist and organist to WJZ. —lO P. M.— KDKA (980i —Sports: news. KYW GO2C' -Sports; news; Don Pedros' orchestra. CBS—Lombardo's orchestra NBC —Scotti s orchestra to i WEAF. NBC—Amos ’n’ Andv to WMAQ. WDAF, WSM. I WLS. SUNDAY —7:30 P. M.— I KYW (1020) —Canton orchestra. CBS—Frank Cambria and i Roxy ensemble. | WSM (650 1 —Services. —7:45 P. M.— KYW (1020) —Lopez orchesi tra. —8 P. M.— ! CBS—Bath Club Review. WBBM (770)—Jack Russell's orchestra. NBC—Our Government to WEAF. NBC—Melodies to WJZ. —8:15 P. M.— I NBC—Music Album. Frank Munn, tenor, to WEAF. NBC—Sketch, “Red Adams,” ! to WJZ. WTMJ (620i —Instrumental. —8:30 P. M.— CBS—Sosnik's band and i male quartet. KYW (1020)—Mark Fisher’s ! orchestra. —8:45 P. M.— j WBBM 1770)—Band of Distinction. NBC—Ohman and Arden to WEAF. NBC—Lifetime revue to WJZ. —9 P. M.— KYW (1020)—Paris Night Life. CBS—Jack Benny, Weem's ! orchestra. WGN (720) —Weem's orchestra. —9:15 P. M NBC—Harpist and Woman’s vocal octet to WEAF. WENR (870) —Edison symphony. KYW (1020)—Masters orchestra. NBC—Old Singing Master to WJZ. —9:30 P. M.— KYW (1020)—Don Pedros orchestra. CBS—Welfare program. WGN (720i—Headlines. iNßC—Welfare program to j WEAF and chain. NBC—Drama. “Orange Lanj terni,” to WJZ. —9:45 P. M.— WGN (720)—Around the I World.

ing his recital to be broadcast over WFBM and Columbia chain Saturday, from 9 to 9:15 p. m. Vaughn <te Leath s interpretation of "Deep South” and an orchestral version of the seductive tune. “Underneath the Harlem Moon,” will be features of her quarter-hour over WFBM and the CBS network Saturday, at 9:45 p. m. Governor Franklin D. Roosevelt will be heard over WLW and the combined networks of the National Broadcasting Company, Saturday, at 8 p. m.. when he addresses the Democratic rally in Madison Square Garden.

BROKERS’ OPINIONS

GRAIN (By Abbott, Hoppin & Cos.) CHICAGO. Nov. 4.—Very strong market in wheat today, in contrast with recent consecutive weakness. Suggests that a large measure of distress liquidation has been completed. Buying by leading commission houses improved materially and lack of pressure found values very responsive. Little develops In the news in actual support of the upturn, outside of protracted dr yweather i nwestern areas of winter wheat and a better milling demand. But after such a long and influential period of liquidation, pit conditions promise to become more sensitive to constructive matters, even though their importance ordinarily might not be very impressive. Incline to the view that pit. liquidation from here will be more in the nature of changing operations and that rather more constructive views are warranted on the softer spots than of late, but conservatism is doubly necessarv while the market, is demonstrating whether or not today’s good rally was onlv a correction of moderately over-sold local conditions. Tomorrow's opening should give a clearer clue to nearby trends. Shipping demand for corn a little less on the upturn, with country offerings a little better, caused this grain to drag well behind wheat. Think opinions better reserved until producer selling policies are more clearly defined, as farm stocks are extremely heavy.

cially if your hand contains a singleton in the opponents’ suit, as partner may make a penalty pass. When partner has not bid, a double of one no trump and a double of a suit bid of one or two is classed as an informatory double. A double of two no trump or three of a suit generally is regarded as a business double. A double of four always is a business double. A double of a minor suit shows strength in the majors. A double of a major generally shows strength in the other major. There are times when, with a strong hand containing three and one-half or more high card tricks, after the opponents have opened the bidding, the proper declaration is to pass rather than make an informatory double. This is employing a strategy, or forcing, pass and is a tactic employed only by experienced players, and will be explained in a later article. m n • WITH a hand holding one and one-half high card tricks or better, partner should make a jump response. If the original bidder bid one heart, the next player doubles, the next hand passes, and partner now has a biddable spade suit and one and one-half high card tricks, his proper response would be two spades to give immediately the information that his hand does contain a good biddable suit and that there Is game in the hand. A simple suit response of one spa'de simply would be answering the double and would show that his hand contained four cards in that suit, but gives no other strength indication. The weakest response made to the informatory double is a bid of one no trump. (Cooynght, 1982, NBA Service, (Inc.)

—19:15 P. M.— NBC—Lew White, organist i to WJZ. —10:50 P. M.— KDKA (980' Messages to United Presbyterian missionaries. —10:30 P. M.— KYW 1 1030)—Canton orchestra. CBS—California Melodies. WON (720'- Cummin $ orI chestra; baritone. NBC Paul Whiteman and orchestra to WEAF. WLS (870)—Barn dance (1% j hours i. —10:45 F. M.— WMAQ (670)—Dance pro- ! gram. —ll P. M.— KDKA (980) —Messages (continued'. ! KYW (1020)—Master s orchestra. CBS—Fiorito’s orchestra. NBC—Denny's orchestra to j wjz. wEnr. NBC—Kahn's orchestra to WEAF. —11:80 F. M.— CBS—Stanley Smith and orchestra. WBBM (7701—Around the i Town. | WGN 1 720)—Dance program (2% hours'. NBC —Bernie s orchestra to i WEAF. i WJR < TSO) —Graystone orchestra. !NBC —Mark Fisher's orchestra to WJZ. VVTAM (1070) —Lotus Garden orchestra. —11:45 P. M.— WDAF (610) —Dance program. —l2 Midnight— KYW <lo2ol—Canton or--1 chestra; Lopez orchestra. —9:45 P. M.— NBC —At. - Seth Parkers to WEAF. —lO P. M—KDKA i9Bo'—Sports; weathi er; studio. NBC—Three Keys to WJZ. —10:15 P. M—KYW (1020) —Globe Trotter; I sports. CBS—The Gauchos. NBC—Ohau Serenaders to WEAF. WGN (720)—Dream ship; Cummin's orchestra. jNßC—Lavendar and Old Lace to WJZ. WTMJ (620) —Dance proj gram. —10:30 P. M.— iKYW (10201— Chicago Gospel Tabernacle. !CBS—Carr's orchestra. NBC —Melodic Serenade to | WEAF. ;NBC—Agnew's orchestra to WJZ. WSM (650) —Dance orches- | tra. | WMAQ (670) Auld Sandy; I Congress orchestra. —ll P. M.— CBS—Nelson's orchestra. WGN (720)—Kassel’s orchesI tra. NBC—Fursts orchestra to WEAF. NBC—Wm. Stoess’ orchestra I to WJZ. WENR, —11:30 P. M.— IkYW (1020)—Agnews ori chestra. CBS—Cummin's orchestra. jWBBM (770) —Around the town. INBC—Kerr's orchestra to J WEAF. WGN (720)—Cummin's orchestra (NBC —Arthur Jarrett and ! Bestor s orchestra to WJZ. WLW. —11:15 P. M.— jWGN (720) —Kemp's orchesj tra. —l2 P .M.— KYW (1020)—Canton orches- ! tra: Lopez orchestra. WENR (870)—Bernie's ori chestra. jWGN (720)—Kassels and I Kemps’ orchestras.

.NOV. 5, 1932

GRAIN FUTURES DISPLAY FIRM TRADINGRAN6E Firm Cables, Securities and Commission House Buying Aid Options. BY HAROLD E. RAINVILLE United Press Staff Cerresnendent CHICAGO. Nov. s.—The most generous buying wave in over i week lifted wheat prices as much a.i 2 cents on the Board of Trade Friday to the best levels since last Tuesday. Heavy commission house buying for eastern interests, the market strength In stocks, firmness at Liverpool, Kansas City and Winnipeg, and considerable short-cov-ering conspired to run prices upward. There was none of the recent persistent liquidation and pressure, but , at the top the market ran into profit-taking which wiped out part of the gains. There was strong buying in corn also despite increased country offerings and prices were up. Close Is Strong Oats firmer and rye more active in the general enthusiasm. Bearish sentiment was less evident. At the close wheat was 1% to 1% cents higher, corn was % to 7 * cent higher, oats % to ■% cent higher and rye was % cent higher. Provisions were strong with cash and export interests good buyers. Liverpool maintained its steadiness and closed cent lower. Win- % nipeg did not reflect the full upturn at Chicago early and was onlv a minor fraction up at mid morning While sentiment was less bearish locally, early, the disposition was to remain on the side of caution until after the election. Cash prices were % to 1 cent higher. Receipts were 9 cars. Corn Holds Firm Corn was firm and moved lip % to % cent by mid-session as a reflection of the recent brisk activity in the cash market. Locals and commission houses bought early and found offerings light, being forced to bid prices up to secure their grain. The country offered freely on the advance and bookings were 202,000 bushels with 100,000 bushels sold,. Cash prices were ’i to 1 cent higher. Receipts were 281 cars. Oats improved on the trend in the other grains, but was only % to % cent higher at mid-morning with activity low and the market featureless. Rye, however, followed wheat, upward in a cent gain early. Cash oats was unchanged. Receipts were 11 cars. Chicago Primary Receipts —Nov. 4 Whpat 879.000 Corn 502.000 Oats 115,000 , Futures Range —Nov. 4 WHEAT— Prey. High. Low. Close, close. Dec. .. M 2% 44 .42% .43% .42% May... .47% .49 .47% 48% .47% July . 48% .50% .48% .49% .38% dORN— Dec... .24% .25% .24% .24% .24 May... .28% .29% .28% .29% 28% July. . .30% 31% .30% .31% .30% OATS— Dec 15% .16 .15% .16 .15% May... .17% .18% .17% .18% .17% July... .18% .18% .18% .18% .17% RYE— Dec 26% .27% .28% .27% .28% May... .30% .31% .30% .31% .30% July... nominal .32 LARD— Nov.. nominal 4.25 4.17 Jan.. 4.10 4.20 4.10 4.17 4.07 Mar.. nominal 4.22 4.12 May.. 4 32 4.37 4.32 4.35 4 25 BELLIES— Jan.. nominal 3.95 3,95 , INDIANAPOLIS WAGON WHEAT CHv gram elevators *re navlng 36c for No. 2 soft wheat. Other grades on their merits.

Bank Clearings

INDIANAPOLIS STATEMENT —Nov. 4 Clearings *1,920,000 00 Debits 4,308,000.00

INDIANAPOLIS STOCKS AND BONDS

(By Newton Todd) * The following quotations do not represent firm bids and offerings, but indicate the approximate markets based on recent transactions or inquiries to buy and sell. —Nov. 4 Stocks Bid. Ask. Belt R R. and Stkvd* com 22 36 Belt R, R and Stvkds Dfd 45 50 Cent Ind Pwr 7% pfd 24 38 Citizens Oas com 14 17% Citizens Oas 5% pfd 78 88 Indpls Pwr and Lt 6% pfd .... 63 69 Indpls Pwr and Lt 6%% pfd.. 68 78 Indpls Gas com 42 48 Indpls Water 5% pfd 92 98 Indpls Pub Welfre Ln Asso com 47 52 Nor Ind Pub Serv 7% 51 56 Pub Servos Ind 6% pfd 27 32 Pub Servos Ind 7% pfd 45 49 So Ind Gas and Elec 6% pfd... 64 69 Terre Haute Elec 6% pfd 46 52 Bonde Belt R R and Stkyds 4s <4 89 Citizens Gas 5s 1942 88 92 Indpls Gas 5s 1952 79 83 Indpls Rvs 5s 1967 23 28 Indpls Water 4%s 1940 98 96 Indpls Water 5%s 1953-'S4 ... 97% 100 i Trac Terminal Corp 5s 1957.. 28 43

CHICAGO STOCKS

(By Abbott. Hoppin Ac Cos.) —Nov. 4 _ High. Low, Last.J Bendix Aviation 10 8% 9%1 Borg Warner 7% 7% 7%J Cent & So Weat 1% i% i%! Chicago Yellow Cab ... 7 7 7 I Cities Service 3% 2% 3%i Commonwealth Edison. 71% 71% 71%| Continental Chicago ... 31% 2 1 Conti Chicago pfd 18% 18% 1*%3 Cord Corp 41/, 4 4%a Grigsby Orunow 1% 1 i%j iu 6 s 1940 ::::: 3 i 5 ,1 Libby McNeil 1% 1% js,! Lynch Corp 11% 11% 11%| Marshall Field 7% 5% 7 1 Middle West Utilittea.:; % % %1 Nobljtt Sparks Ind Inc. 16% 18% 16%| Public Service N P 45% 45% 45 %| Quaker Oats 78 78 78 1 Swift & Cos 7% 7 * t E w i ft _ lnternation *l 15% 15% 15% I TJ S Radio <fc Te! 10% 10 V< 10% 1 Utility * Ind pfd ..... 3% 3% J%| Walgreen Cos com 13% 12% 13%1

In the Cotton Markets

CHICAGO • —Nov. 4 High. Low. Close. 9 {? nuar y 8.24 6.12 6.301 M” ch 6.4 J 6.22 6 38i i'i'T 0 6.42 6 58* December 8.28 6.09 6.231 . NEW YORK 9 63* 6.10 6 20J ** ,rch 6.36 6.18 630 ] 7*3 6.48 629 640 \ December .ji 604 614 - NEW ORLEANS ?}* 7ch 631 614 6 2iUrS/ nh " 6.52 6.35 649 S'7° ®- M 6,5 December e. 19 6.00 6.14

Chicago Fruit

By United Press C£JCAG°. Now 4.—Apples—Michigan 5f. C .h lt i <>ih ~*?£-and Delicious, ■Sfawi Oreenlngs. bushel. 85e#91, Kings. bushel. 7; e Orapes—MichJi* 1 )- . s „ a ®We. Pears— Mlchiga* Kellers, bushel, 33350 c.