Indianapolis Times, Volume 45, Number 113, Indianapolis, Marion County, 20 September 1933 — Page 15

SEPT. 20, 1933.

Wall Street-

First Step Taken in Move to Avoid New York City Tax Payments: New Exchange Formed. By RALPH HENDERSHOT

Time* Special Financial Writer The first step In the movement to hold the stock brokerage business In New York In the face of increasing taxation has been taken. The National Stock Exchange has been incorporated in New Jersey, and trading on the new exchange is expected by the end of this year or .-ooner. Brokers in the financial district were quick to respond to the new development. Several had applied for membership before the news had been out for three hours, according to Colonel William Freiday, who

is to head the institution. He expects virtually every New York Exchange member house to own seats by the time the new exchange is ready to do business. Colonel Freiday is ideally suited to lead the movement. He has had more than thirty years' experience in brokerage work, having been a member of the New York Stock Exchange for many years. Being an aid to Governor Moore of New Jersey and having taken part in politics in the statfe for many years, he is thoroughly familiar with conditions across the Hudson. a a a To Co-operate With “Big Board” The National Exchange will co-operate in every respect with the New York Stock Exchange. Colonel Freiday said. In fact, members of the latter wrill be given first choice of the available spats. This is a wise thing to do. for the main object of the move La to save New York brokerage business for New York brokers.

Ralph Hendershot

It is felt quite generally that the New York Stock Exchange will lose a good share of its business as a result of the heavy taxation, no matter what happens. If it co-operates with the New Jersey institution its members will at least be able to keep their commissions. An individual like Colonel Freiday can act much faster than could the Exchange itself in an effort to prevent the loss of this business. a a a Tax to Be Carried to Court * In all probability the new tax issue will be carried to the courts in an attempt to defeat the levy. This, of course, w r ould withhold payment from the city, which is in dire need of the funds. At the same time, however, it would be likely to impound funds belonging to customers until such time as the courts have had time to review the case and make a decision. In an effort to prevent such impounding of their capital the customers may be expected to order this commitments cleared through some out-of-town exchange. Whether the New York Stock Exchange itself will see fit to move across the Hudson at some later date remains to be seen. A petition is being circulated on the floor calling upon members to express their .approval of acts already taken by Richard Whitney, president, and to give him a free hand in anything he may select to do in connection with the new tax situation.

New York Stocks "" iß* Abbott. Hopslo Sc Cos.) ————

—Sept. 20— I OUa— 10:00 Prev. High Low. ED T. Close. Amerada i®, I Atl P.lg 30% 31 Barnsdall _ 10% 10 ♦ - Consol Oil 15 I*’* 15 15 Cont o£ Del 19 1® ‘ Houston (newt Houston i old'.. 32 32 Mid Cont Pet 15 15 Ohio Oil - ••• 1 11* 1] * Pet Corn l% I<% }*** I®!* Phillips Pet... 18% 18 18 18 Pure OU 15 1;, Roval Dutch - • a Bbd Oil 38% 38 38 37 Shell Union 9 3 ®7* Simms Pet li * Skellev Oil *** Soc Vac 11 11 SO of Cal 11'* 11 * SOOf N J 43% 43 s * 43 s . 43 s . Sun Oil Texas Corn " * Tidewater Assn . ■ ■ I®,, *§, Un Oil of Cal .. 22% 22'. 22% 22% Am Rol Mills 21t. 22 Beth Steel H/ Bvers AM 3 r, 4 Col Fuel & Iron ,?j 4 Inland Steel * Ludlum Bteel • • ••• if, McKeesport Tin ?!, 2 Natl Steel ?2 2 Rep Iron * Steel S'-s'Uh? 1 " d .e. i. ijjJt Vanadium 26 u S Pipe Ar Fdy. .. •- ■■■ l v * V S Steel 53 52 s * 52 s 3. a U S Steel pid .. 81* Youngs nS & T 25'* 2S K*'!’— ' Kg?.. Atl Cst Line * B ” j* 1 Can Pac ..., J?,, if,, Chi tr Ot f, 2 C M Ar St -4, 2 C M A- St P pfd 11 4 Chi N cm R Isl Q, 4 Chi R I T ' Pfd -3i 4 * Hu<f 20% 20% Erie •• 24 Lou Ac Nash ••• Mo Pac pfd .e N Y Cent I 2 N Y Chi Ac St 22 19 * N Y C Ac St L p 26 8 N Y New Haven Norfolk A- Wes *22, • Nor Pac 25^ Penn P. R •• -22, 09 Sou Pac 28 27% 27 a 29 Sou R R 31V * Si.* a cPf<l *'■ ilB 120 W MandandV.:. 12V. 12% chlST”:::::: C.en Motors 34 33% 33% 34 * Graham Mot .“j* Hudson J Hupp -•■••• aei j Mack Truck •• -ii, fi,f Nash 23 s * 23% 23 * 23 a Packard ’ * J. 2 Studebßker 2.® Yellow Truck 3 * 04 Motor .teem — Ber.dlx \l r K Warner ::: 18% *ia '% | Bu<f<Fwheel jJ.* Elec Auto Lite 20% 21 Houd Herahey f, * Mullins Mfe 71* Murray Body 7 2 . Stew Warner , ,5, Timken Rol 3130 2 *'^a in *un .... 3®% 29% 29% 30% Am Smelt 52% 51% 51 s . 53% Anaconda 19 J 18 *2.’ Cerri? £. 52% 42 s 44%* Granby 13 * 12 |3 • 13 Ot Nor Ore 13 An PS?e S sSund Min 31% 31% 31% 31% iS!i r .:::::22-. % : KennecoU Cop .* 28 23% 2SH $6 a da A p e--: ?!%• B%’ ”% iB% Tobacco* — . Am Snuff . 50% 50. Am iim Tob. 2 Am “ob A> 51 Am Tob 'B' : nJ ’J, Gen Cigar . .... 30 . 31 M.rd eTS r?:: ::: % ji>i Reynolds Tob B 52 * 52'a

*mc£?*¥S?'.‘ S & Am Mach'A: Pdv :: 111 17 17J.Am Steel Fdy 21>, Bald Loco , J2J* Burroughs ‘‘ 2 J,' * Colgat Palm Tee! J; 3 Congoleum rosier Wheeler 18 16 3 < Gen Am Tk Car . 37V* 38 Cien Eiec ... 22** 22 s . *3. Gen R R Sis * Ins sol Rar.d 60>s 60'. Ir.t Bus March 152 151 Ir.t Harvester... 42V. 42V. 43J, Kflvmitor , • • 13 3 4 13 % Natl ""ash fees... 19 18 5 s 19 19 Proc Gamble ... 43 42 Pullm. Inc • 51*4 50 T . 50'* 51 a. Simmon. Bed 25 H Und Elliot 30 West Air B 31 Westmsh Elec * 44* Worthington Pep 28’* llllitie* — Am & For Parr.. 11 T ANARUS 11*. ll’a U% Am Power & Ut 9 A T T • • • - • 128 a Am Wat Wks .. 23W 23*, 23<* 20. Brook Un Gas 69'* Col Gas * Elec. 14V* 14 14'* 15 Col G & E pfd.. .. ... ... 74f. Com * Son •••• 2& * 2 * 2 * “ 2 Consol Gas 43’- 42*. 42'i 42 J Elec Par A Ut. 7 6 * < E P * L pfd . H>i Int TAT ..... 15S 15*4 15V. Is‘* Lou G&EA 17 s Nat Par *Ut 11 . 12 North Atner **? W* Pac O& E . 20 2O * Pub Serv N J 34 1 . 35>. So Cal Edison IS’* Std Gas ll’a J* * Std Oas pfd • I?! 3 United Corp ... .. ' Un Gai Imp ... I#* 1® *® Xoh Ct Par * I * A 4 41. Western Union *6*. Fi*"*on* 2®. 2® Ooodrich I®’ l® 1 * J®** * Ooodrear .. 40 s * 39* 39* 40 U S Rubber 19S 18’* 18* 19 U S Rubber pfd 33 Kel Spring 3** Aasaaraeata— Croelev Radio II Fox Film l*i T AAV* Inc ..... .. •• • 34 34*1 rTaio Coro ... IN s 8 V Warner Bros ".V IN •% *3

Foods— Am Sugar 66% Armour 'A” ... 5% s‘* Beatrice Cream 16 15% Borden Prod 25 25% Cal Packing ... ... 27% Canaa Dry G Ale 33% 33 33 32% Coca Cola 90% Cont Bak A 13% Corn Prod ... 90% 90 90% 89% Crm of Wheat 31% 31% Gen Foods 38 Gold Dust ..... ... ... 22 GW Sugar .. ... 40% 40% Hershev .. ... 53 53 Int Salt 24 Loose Wiles 38% Natl Biscuit ... 57% 57% Natl D Prod... 15% 15% 15 s . 15% Purity Bak 18% 18% S Porto Rico Sue 43% 43% 43% 43% Std Brands 27% 27% United Fruit.... ... 65% 65% Wrlglev m ... 53% 53 Retail Stores— Ass Dry Goods.. ... ... 16% Best 7 * Cos . ,V. .. 30% Gimbel Bros ...... ... ... *>% Hahn Dept Sts.. .. ... ... 6:a Kresge S S ... 13% 13 Kroger Groc.... 24% 24% 24% 24 Macs- R H 60% 61 May Dept St . 32’. 32% Mont Ward 24 s * 24 % 24% 25% Penny J C 49% 50 Safeway St 46% Sears Roebuck 45 4a% Woolworth 40 Vi 40% 40% 40% Aviation— Aviation Corp., .. ... 10% 10% Douglass Air ... .. ... 16 16% Curtiss Wright.. .. ... 33% Curtiss Wri 'At .. ... 5% s’. Nor Am Av 7% 7% United Aircraft.. 37% 36% 36% 37% Chemicals— Air Reduction 106% Allied Chem . .. ... 142% 142 Am Com Alcohol 67% 66 66 67% Col Carbon 62 61 61 62 Com Solvents 39 38% 38% 38% Dupont 83 81% 81% 82% Freeport Tex ... 47% 47 Liquid Carb .. .. 33’s 33% Math Alkali 42% 41% 41% 40% Tex Gulf Sulph. . 41 39% 39% 41 Union Carbide 48% 47 47 49 U S Indu Alcohol 76 Nat Distil 106% 104% 104% 106% DRI’GS — Cotv Inc 5% 4% 5% 5% Drue Inc . .48% 48% 48’. 48% Lambert 32’. 32% 32’. 32% Lehn & Fink 20 Zonite Prod 6% 6% Financial— Adams Exp 10 10 Allegheny Corp. 5% 5% 5% 5% Chesa Corp 431. Transamerica 6% 6% Building— Am Radiator .... 16 15% 15% 16% Oen Asphalt 21 Int Cement 32% Johns Manville. .. ... ... 56% Libby Owens Ols 32 31% 31% 32 Otis Elev 16% 16% 16% 16% Miscellaneous— Am Bank Note. 18% 18 18 18>4 Am Can 97% 97 Anchor Cap ' ... 27 Brkvln Man Tr. • 30% 31% Conti Can 68% Eastman Kodak. .. .. 86% 85% Owens Bottle... 82 81% 81% 83 Gillette ... 15% 15’* Gliddcn 18’. 18’. Gotham Silk ... ... 10’. Indus Rayon ..73% 73 73 72% Inter Rapid Tr.. .. ... 8% Real Silk Hose 18%

HORIZONTAL Answers to Previous Puzzle 26 Opposing 1 Who is the Ivv; a's |H ■ i |N : G TO N[ | i IIeJ counsel in the fampua AVI I a!t]o|RMM|A[g|T h[aT~ Dayton, Tenn., murder trial darn eldßmieTntA|C|eJßt] case-of the attorney in the picture? (v; I Mpßp A n'E|P|Fu E Solitary 15 Crn kb rd 29 Measure. • 15LnTt - ygv, E: a!UsMsT; R: Al iTtT~ , t . 16 Ingenuous. 16-BeTvll LpR “ [sj I|n 31 Age. 17 Pieces, out. in N e'r|Bm a MAi?THA WsJo 32 Th ® pictured IS Relating to a U/ifluynmi T man is one node. 1 i jß'AlgAiEjg'ir I U.S.A.’s 20 Notion. a'V le ! Rif MNjU most noted 21 Southeast. |N e"s~T"e<D| m r T vj E;R nIcTnI ? 22 What was the u Toward 2 Body of water . 34 Transparent most famous green mineral, trial case of 45 Preposition. 3 Farewell! g,. Having horns, the pictured 46 Black. 4To sit down 37 Von around man? 4S The pictured again. whom the 25 Railroad. nian has been 5 Half an em. “Monkey 26 Enticement counsel ou the g Lukewarm Trial’’ 27 Entreaty. side of -1 ZIT centered. 29 Branches of against ' 39 You and L learning. capital? S Chair. 40 Pronoun. 30 Unoccupied. 52 Fairv 9 Form of “a.” 42 Tree. ✓ 32 To deposit. * ” 10 Showered. 45 Drv. 33 English coin. 5 > Mage parts. nTo free. 47 Palm leaf. 35 Nurse in 56 Heart. 12 Above. 49 War flyer. Orient. 57 Worth. 13 Fatigued. 50 Exclamation 37 Fastener. 58 Bass. 18 Form of no 51 Eye. 3S Present time. 59 Edge of a 19 Mouth part. 53 Silkworm , 40 Frozen water bed. 23 Passport 55 South 41 You. VERTICAL indorsement America. 43 Second note. 1 Cock's comb. 24 Hodgepodge. 57 Maryland.

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WEAK CARRIER, UTILITY SHARES LOWERSTOCKS Decline Is Made in Face of Bullish Market News; Dollar Off.

Average Stock Prices

Average of thirty Industrials for Tuesday: High 106 25. low 102.44. last 106.74. ud .44 average of twenty rails; 49.51. 47 45 49.28, up .03; average of twenty utilities. 27 86. 26.74. 27.56. off .29; average of forty bonds. 85.02. off 66; ayerage of ten first rails. 38.97, off .90; average of ten second rails. 71.82. off 1.02; Manage of ten utilities. 93.16. up .05; average of ten Industrials. 86 15. off .76. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Sept. 20.—Weakness in utility and railroad shares brought an irregularly lower opening on the New York Stock Exchange today. The weakness came despite factors which ordinarily point to a higher market. The dollar declined sharply, dropping to slightly more than 63 cents, as compared with the French franc. Iron Age’s steel output showed an advance and electric output of the Edison Electric institute showed a gain. But many brokers and traders overnight had cautioned to watch rail and utility shares, which did not profit by Tuesday’s showing of strength. These groups again tyere depressed. Among the rails Central declined 1 point to 47, Union Pacific was 3% points lower at 119 and Chesapeake & Ohio was unchanged. United Corporation declined % to 6*4, Public Service of New Jersey was off % at 34 a i. Columbia Gas was off %to 14 ! s, while Standard Gas declined 3 i? to 11%. Consolidated Gas moved against the trend to show % point gain to 43*4.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 19— Clearings $1,474,000.00 Debits 4.365.000.00 TREASURY STATEMENT —Sept. 19Net balance for Sept. 18. $1,176,259,898.59 Int. Rev. Rents, for dav.. 6,757,298.19 Customs rects. mo. to date 19,173.521.26 New York Curb (By Abbott. Hoppln & Cos.) —Sept. 19— . Close.* Close. Alum Cos of Am 74 jLake Sh Mines. 4!) Am Cyan 8... ) ’ Mount Prod .. 4% Am Gs & E 1... 25% Natl Bellas Bess 2% Am Sup Pwr... 3%iNiag Hud Pwr.. 7*/4 Ark Ntl Pwr A. 1% Pan A Airways 53 Asso Gas A ... 1 |Parker Rstprf.. 66% Atlas Pt Crp... 13% Pennroad 9% Can Marc 3% St Regis Paper. 4 Cent Sts E 1... 2 iSalt Creek Prod 6% Cities Serv ... 2% Std Oil of Ind.. 33% Comm Edison.. 49 Std Oil of Ky.. 17% Cord 11 %]Translux 2% El Bnd & Sh.. 19*8 United Founders 1% Ford of Eng... 5 3 4?Un Lt & Pwr A 3% Ford Mot Can.. 14 iTJnited Verde .. 4 Imperial 0i1... 14% ] Wr Hragraves.. 8% Inti Ptrol 19% I Liberty Bonds Bp United Press NEW YOK. Sept. 19.—Closing Liberty Bonds: /Decimals represent 32nds.) Liberty 3%s 132-47) 102.18 Liberty fist 4%S /32-47) 102.27 Liberty fourth 4%s (33-38) 102.31 Treasury 4*,4S (47-52) 110.22 Treasury 4s (44-541 ...' 106.19 Treasury 3%s (46-56) 104.27 Treasury 3%s (43-47) 101.26 Treasury 3%s (41-43), March...,•. 101.25 Treasury 3%s (40-43 L June 101.26 Treasury 3%s (46-49) 100.1 Treasury < 51-55) 98.22 Treasury 3**s (41) 101.4

Foreign Exchange

(By Abbott. Hoppin & Cos.) —Sept. 19Close. Sterling. England $4.78% Franc, France 0601% Lira. Italy 0808 Belgas, Belgium 2145 Mark, Germany 3677 Guilder, Holland 6205 Peseta, Spain 1285 Krone, Norway 2410 Krone, Denmark ' .2142

Daily Price Index

By I'nitid Press NEW YORK. Sept. 19.—Dun & Bradstreet's daily weighed price index of thirty basic commodities, compiled for the United Press: [ 1930-1932 average, 100.) Today 104.37 Monday 104.50 Week ago i 100.66 Month ago 100.97 Year ago 79.88 1933 high (July 18) 113,52 1933 low (Jan. 201 67!86 'Copyright. 1933. Dun * Bradstreet. Inc.)

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The following Quotations do not represent actual bids or offerings, but merely indicate the approximate market level based on buying and selling inquiries or recent transactions —Sept. 19— Bid. Ask. Belt Bail & Stock Yards com 28 33 Beit Ball & Stock Yard*, pfd 45 50 Cent Ind Pr pfd 7% 8 11 Citizens Oas Cos pfd s<Ti 63 67 Citizens Gas com 16 19 Home TtTft Wavne pfd 7% 36 40 Ind Si Mich Elec Cos pfd... 67 71 Ind Gen Service Cos pfd 6%.. 64 68 Ind Hydro Klee Cos 7% 22 26 Ir.dols Gas Cos com 40 *4 Indpls Pwr Lt pfd 6% 50 54 Indpls Pwr Si Lit pfd 6*%.. 54 58 Indpls W’ater 5*7, pfd 89 93 No Ind Pub Serv Cos pfd No Ind Pub Serv Cos pfd 5%% 21 25 No Ind Pub Ser Cos Dfd 7%.... 25 29 Public Serv Cos of Ind pfd 7% 21 25 South Ind Gas Sc El pfd Terre Haute Elec pfd 6%... 21 25 , BONDS ' Citizens Oas Cos 5s 1942 86 90 Home T St W 5%s 1955 97 100 Home T & T W 6s 1943... 98 102 IndpLs Gas Cos 5s 1952 74 77 Indpls Rys Inc 1967 30 33 Indpls Water Cos 5%s 1940.. 98 101 Indpls Water Cos 5s 1960... 95 99 Indpls Water Cos 5s 1970 94 98 Indpls Water Cos 5%s 1953.. 100 103 Indpls Water Cos 5%s 1954.. 100 103 Kokomo Wat Works 5s 1956.. 78 82 Lafavette Tel Cos 5s 1957 ... 3 87 Muncie Water 'Works 5s 1939.. 94 , 98 Richmond Water Works 1957.. 85 " 89 Terre Haute Wat Wks 5s 1956 83 87 Terre Haute Wat Wk 6s 1940.. 95 99 Traction Terminal Cos 5s 1957. 45 49

Chicago Stocks By Abbott. Hoppln Si Cos."

TOTAL SALES 37,000 SHARES —Sept. 19High. Low. Close. Altorfer Bros 12 V 2 Am Pub Serv pfd 5 Asbestos Mfg 4 Bastlan Blessing 7% Bendix Aviation 18% 17'4 18 Berghoff Brew Cos 13 12% 13 Borg Warner 18% 17% 18*4 Brown Fence Sc Wire A 6>/s Butler Bros 4*4 4% 4% Cent 111 Securities com “4 Cent 111 Securities pfd 6% Cent & So West 1% China Belt 16 Chi & North Western.. 11% 11 11% Chicago Corp com .... 3% 3*4 3% Chicago Corp pfd 26*4 Chicago Flexible Shaft. 10*4 10 10 Chicago Mai! Order ... 15 14 T 4 15 Chicago Yellow Cab 12 Cities Service 2% 2% 2% Club Aluminum ... *4 Commonwealth Edison. 50*4 49 49 Construct Materials pfd 2% Continental Steel 614 Cord Corp 11% 11% 11% Crane Cos 7*4 Crane Cos pfd 40 De Mets Inc pfnoe 15 Dexter Cos 4% .4 4H General House Util 19% 19*4 19% Goldblatt Bros 23 Great Lakes Aircraft... % Great Lakes Dredge ,y. 15 s * Grlgsby-Grunow 22% Hibbard Spencer B & Cos .. .X 21*4 Houdaille-Hershey B 4 Ind Pneu Tool 10 Iron Fireman 6*4 Kingsbury Brew Cos ... 11*4 10% 11 Libby-McNeil 4% 4*4 4*4 Lion Oil Refining Cos 7*4 Lynch Corp 42*4 42 42*4 Mapes Cons Mfg Cos 36 35% 36 Marshall Field 17% 16 7 4 17% McQuav-Norris .. ... 42 Middle West Utilities... % Muskegon Mtor Spec A .* 9 National Elect Pow A.. * ... % National Leather ... I*2 National Repub Inv I*4 National-Standard ... 25 24% 25 Noblitt-Sparks Ind Inc 25% 24% 25% Northwest Bancorp Northwest Engineering 4% No 'West Util 7 r/ 0 pfd 4*4 Oshkosh Overall 4 Potter Cos 4*4 4% 4*4 Prima Cos 24 23V* 24 Process Coro 3*4 Public Service N P 23 22*4 22*4 Public Service 6% pfd 58 Quaker Oats 135 Quaker Oats pfd ....117 116%. 116% Rverson & Son , , 14’/* Sears Roebuck 44*4 42% 44 So West G & Elec pfd 44 Swift & Cos 18% 18 18% Swift International ... 27*4 26*4 27*4 Thompson JR........ 9 8 9 Utah Radio 2% 2*4 2*4 Utility & Ind ... 1% Utility & Ind pfd 4 Viking Pump pfd ,* .* 25 Vortex Cup Cos * JS 7% Wahl *, # *8 2 Walgreen Cos com ~ .4* 17*4 W T ard Montgomery A,.* A •*# 69 Waukesha Motor ,4 .tv 25% Zenith Radio 2%

Investment Trust Shares

(By Abbott, Hoppin & Cos.) —Sept. 19Bid. Ask. American Bank Stocks Corp... 1.05 1.18 American and General Sec A.. 5.50 6.50 Basic Industry Shares 3.45 3.55 British Type fnv Tr Sh 55 .65 Collateral Trustee Shares (A).. 4.87 6.25 Corporate Trust Shares (old).. 2.30 2.35 Corporate Trust Shares (new).. 2.43 2.48 Cumulative Trust Shares 4.20 4.30 Diversified Trust Shares (A).. 6.25 .... Diversified Trust Shares iB).. 8.00 8.25 Diversified Trust Shares (C)... 3.25 3.30 Diversified Trust Shares (D).. 5.12 5.20 First Insurance Stock Corp.... 1.56 1.60 First Common Stock Corp 1.07 1.23 Fixed Trust Oil Shares (A).... 8.60 .... Fixed Trust Oil Shares (B) 7.45 Investors Inc 18.50 20 25 Low Priced Shares 6.30 6.40 Mass Inv Trust Shares 18.62 20.30 Nation Wide Securities 3.56 3.60 North Amer Trust Shares (’53) 1.89 No Amer Trust Shares (’55-’56) 2.48 2.53 Petroleum Trust Shares (A)....11.00 14.00 Selected American Shares 2.72 Selected Cumulative Shares... 7.00 7.25 Selected Income Shares 3.75 390 Std Amer Trust Shares (A) 3.10 318 Trust Shares of America 304 312 Trustee Std Oil (A) 5.30 550 Trustee Std iOl (B) 4.75 490 U S Elec Lt & Pwr (A) 12.25 12 75 Universal Trust Shares 3.04 3.16

In the Cotton Markets

• —Sept. 19— CHICAGO . High. Low. Close. January 10.75 10.22 10.75 March 10.92 10.43 10.92 Mav 11.12 10.57 11.12 October 10.41 9.90 10.41 December .-... i0.67 10.10 10.60 . NEW YORK January 10.71 10.14 10.60 March 10.90 10.29 10.80 May 11.08 10.49 10.98 July 11.21 10.67 11.18 October 10.40 9.80 10.28 December 10,63 10.01 10.52 NEW ORLEANS January 10.68 10.08 10.57 March 10.85 10.25 10.78 May 11.06 10.43 10.95 July 11.16 10.65 11.09 October 10.39 9.78 10 25 December 10.62 9.97 10.50

Births Girls James and Marv Adams. Coleman hospital. Frederick and Dorothy Forev. Coleman hospital. Walter and Edith Hamilton. Coleman hospital. Charles and Dorothy Meyers. Coleman hospital. Willis and Margaret. Mver. Coleman hospital. Ervin and Genevieve Perry. Coleman hospital. Virgil and Gladys Ross. Coleman hospital. Charles and Pauline Sanders. Coleman hospital. Lee and Florence Staples. Coleman hospital. Leonard and Helen Dlllman. 831 Fletcher. William and Hazel Utterback. 2314 Paris. Bovs Clifford and Marie Davis. Coleman hospital. Delmas and Eileen Holland. Coleman hospital. Charles and Crystal Hoover. Coleman hospital. Forest and Martha McKinzie, Coleman hospital. Ember and Ola Werts. Coleman hospital. Deaths Claudia B. Foster. 38. Christian hospital, angina pectoris. Floyd Gordon. 37. Veteran's hospital, pulmonary tuberculosis. Susan Sanders 74. 1246 North Holmes, chronic myocarditis. Jefferson A. True. 50. city hospital, meningiits. George W. Carver. 81. 406 North Delaware. acute cardiac dilatation. Otis Bvers. 4 mo.. 1121 Deloss, acute gastro enteritis. Henrv C Venerable. 57. city hospital, strangulated hernia. Levy Freeman. 67. 709 West Twentyeighth. arteriosclerosis. Anna Watts. 47. city hospital, gastric ulcer. Amos Paul Silcox. 9 mo.. 531 West Merrill. gastro enteritis. William M Gardner. 44. Veteran s hospital. carcinoma. CHICAGO FRUIT MARKET By United Press CHICAGO. Sept. 20 —Apples—Michigan wealthles. bushel 90C951.15. Pears —Michigan. bushel. 81.50 V 2. Canteloup—Michigan. 50 4i 65c. Carrots—lllinois. 1 1 a 2c. Eggplant—lllinois. 25?? 50c. Spinach— Michigan. 75@85c. Cucumbers —Michigan. 3550 c. Beans —Illinois. 25c4iSl: mostly. 504175 c. Cabbage—Wisconsin mostly. *1.25. Peppers—lllinois. 354i75c. Celery—Michigan. 25?j50c. Corn—lllinois. 10y40c. Peaches—New York bushel. 81 254T1.50 Tomatoes —Michigan. 25'<r35c. Onion market: California—Yellows, bushel. 85c: Wisconsin, yellows. 65 ?i 70c: Indiana, veilows. bushel. 65970 c: minnesota. whites, bushel. 90ciiSlNEW YORK RAW SUGAR FUTURES ‘ —Sept. 19High. Low. Close. January 1.61 1.57 1.61 March 1.66 1 63 1.66 Mav 171 1.68 1.70 July 1.76 1.74 1.78 September December I.M £56 1.59

10 TO 50 CENTS ADDED TO HOG PRICESAT PENS Demand for Heavy Porkers Sends All Classes Up Sharply. An advance in heavy hogs, delayed for the past several days, forced swine prices up 10 to 50 cents this morning at the city, yards. Weights of 270 pounds down were up 10 to 25 cents while butchers above 270 pounds gained 30 to 50 cents. The bulk, 160 to 300 pounds, sold for $5.25, a few up to $5.30 and one load at $5.35. Heavies, 300 pounds up, sold for $4.75 to $5.10; 130 to 160 pounds. $4.40 to $4.90; 100 to 130 pounds. $3.65 to $4.15. Receipts were estimated at 12,000, including 6,000 government pigs. Holdovers were 161* Slaughter classes were active in the cattle market, the price trend strong to higher. Special steers and heifers were up 15 to 25 cents. Cows held strong. Early steer sales were made largely at $5.50 to $6.50, sellers asking $6.75 for better kinds. Heifers brought $4 to $4.50 with no chrice kinds here. Cows sold for $2.50 to $3.50. Receipts were 1.000. Vealers were steady at $7.50 down. Calves receipts were 600. Lambs were weak to lower in the sheep market, quality of receipts less attractive than Tuesday's offerings. Early sales were mostly at $7 down. A few sold up to $7.25. Throwouts sold down to $3.50 and less. Receipts were 2,000, Hogs were strong to a dime higher at Chicago. Weights of 180 to 300 pounds sold for $5 to $5.10, the best making an early top of $5.25. Receipts were 55.000, including 35,000 government pigs. Directs were 6,000. Holdovers numbered 2,000. Cattle and calves were 1 to 25 cents higher with receipts of 10,000 and 2,000, respectively. Sheep were steady with receipts of 8,000.

HOGS Sept. Bulk. Top. Receipts. 13. s4.4oia 4.50 $4.50 11,000 14. 4.55® 4.65 4.70 11,000 15. 4.80@ 4.90 5.00 12,000 16. 4.65® 4.75 4.75 9,000 18. 4.90® 5.00 5.05 11,000 19. 4.70® 5.15 5.15 12.000 20. 5.25@ 5.30 5.35 12.000 Market, higher. —Light Lights—-(l4o-160) Good and choice....s 4.65® 4.90 —Light Weights—-(l6o-80) Good and choice 5.25 (180-200) Good and choice... 5,25 —Medium Weights—-(22o-220) Good and choice.... 5.25® 5.30 (220-250) Good and choice... 5.25® 5.35 —Heavy Weights—-(2so-290) Good and choice.... 5.25® 5.35 (290-300) Good and choice... 4.90® 5.25 —Packing Sows—(3so down) Good 3.90® 4.25 (350 up) Go#S 3.75® 4.10 (All weights) medium 3.25® 3.90 —Slaughter Pigs—-(loo-130) Good and choice... 3.65® 4.15 CATTLE Receipts. 1.000: market, steady. (1.050-1,100) Good and choice $ 5.25® 6.85 Common and medium ...... 3.25® 5.25 (1,100-1,500) Good and choice 5.25® 7.00 Common and medium 4.00® 5.25 —Heifers—-(sso-750) — Good and choice 5.25® 6.25 Common and medium .. .VtV 3.00® 5.25 (750-900) Good and choice 4.50® 6.00 Common and medium ~m 2.75® 4.50 —Cows— Good 3.00® 3 50 Common and medium 3.25® 3.00 Low cutter and medium I.oo® 2.25 —Bulls (yearlings excluded) Good (beef) 3.00® 3.50 Cutter, common and medium.. 2.00® 3.00 VEALERS Receipts, 600; market, steady. _ Good and choice $ 7.00® 7.50 Medium 5-525S 2'22 Cull and common <•* 3.00® 5.00 —Calves—-(2so-500) Good and choice 4.00® 5.50 Common and medium 2.00® 4.00 —Feeder and Stocker Cattle—-(soo-800) Good and choice 4.25® 5.50 Common and medium 3.00® 4.25 (800-1.500) Good and choice 4.25® 5.50 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts. 2,000; market, lower. —Lambs—(9o lbs. down) Good & choice.s 6.75® 7.25 (90 lbs. down) Com. and med.. 3.50® 6.75 —Ewes— Good and choice ? Common and medium ....7i I.oo® 1.75 Other Livestock BY UNITED PRESS CHICAGO, Sept. 20.—Hogs—Receipts. 55,000, including 35,000 government pigs: directs 5,000; market active, mostly 15@25c higher than Tuesday’s average; 180-230 lbs.. $5.10®5.25; top, $5.25; 240-300 lbs., $4.60® 5.10; most light lights, $4.75® 5; commercial pigs, $4.50 down; packing sows, $3.40® 4; light lights. 140-160 lbs., good and choice, $4.50®5.15; lightweights, 160200 lbs., good and choice. $4.85®5.25: medium weights. 200-250 lbs., good and choice, $5®’.25; heavyweights. 250-350 lbs., good and choice. $4.30®5.10; packing sows. 275550 lbs., medium and choice, $3.15®4; slaughter pigs, 100-130 lbs., good and choice. $3.50® 4.50. Cattle —Receipts, 10,000; calves. 2,000; fed steers and yearlings strong to 15c higher; early action confined to lower grades; strong, good and choice offering upward to S7; fed steers, medium and weighty kinds predominated in run; kill classes best of the week; yearlings and heifers fully steady; best $6.35; cows and bulls steady to strong: vealers 25®.50c loewr. mostly s6®7. Slaughter cattle and vealers: Steers, 550-900 lbs., good and choice, $5.50® 6.75; 900-1,100 lbs., good and choice. $5.75®6.85: 1,100-1,300 lbs., good and choice, $5.75® 7; 1,300-1,500 lbs., good and choice. $5.75®7; 550-1,300 lbs., common and medium. $3.25® 5.75; heifers, 550-750 lbs., good and choice, $5.25®6.50; common and medium, $3®5.25; cows, good. $3.7®4.75; common and medium, $2.35®? 3.75; low cutter and cutter cows, $1.50® 2.35; bulls, yearlings excluded, good, beef, $3.20®4; cutters, common and medium, $2.25(tf2.35; vealers. good and choice, s6®’ 8; medium, ss®6; cull and common, $3.50 ® 5: stocker and feeder cattle: Steers, 5501.050 lbs., good and choice. $4,254/5; common and medium. $2.75® 4.25. Sheep—Receipts. 8,000; native lambs opennig strong to mostly 25c higher; sellers asking more on good to choice, s7® 7.25; early best native lambs and choice westerns held above $7.50; sheep steady; slaughter sheep and lambs: Lambs 90 lbs. down, good and choice. $6.75® 7.50; common and mediem, s4® 7; ewes, 90-150 lbs., good and choice, [email protected]; all weights, common and medium, 75c®$2; feeding lambs, 50-75 lbs., good and choice, [email protected]. CLEVELAND. Sept. 20.—Cattle—Receipts. 250: market, steady; steers. 750-1,100 lbs.. $6.50(0.7; good. 550-900 lbs. $5.50®'6.25: good. 900-1.200 lbs.. $5.50® 6.25: heifers, good. 600-1,000 lbs. $5®5.50; medium, $4.25®4.75; cows. $3,254(3.75; butchers. [email protected]; bulls. $2.25®3.25. Calves—Receipts. 200: market active and steadv, all sold early; choice to prime. SB®9; choice to good, s7@B; fair to good. $64£7; common. s4®6. Sheep—Receipts. 1.500: market, steady; mostly $707.25; with top of $7.50; choice wethers. $2.50® 3.25: choice ewes, haridy weight. s2®3: choice spring lambs. [email protected]. Hogs—Receipts, 9,500; receipts light including 9.000 pigs for government sale: hog market. 25c higher in best single day advance since last spring; all sold early at $5.40 top; heavies. $5; choice butchers. 220-250 lbs., $5®5.40; stags. $2; roughs. S3: pigs. 53.75®4. PITTSBURGH. Sept. 20.—Hogs—Receipts. 1.000: active. 20c to mostly 25c higher; 100-220 lbs.. $5.7005.75; 230-250 lbs . $5.10 ®5.65; 250-300 lbs.. $4.5034.75; 125-140 lbs., $4 500 4.75: 100-I*o lbs., pigs. $3.50 34; packing sows. $3.500 3.75. Cattle— Receipts. 50: nominal: good beef steers quotable up to $5 25. Calves—Receipts. 100: steady, vealers top. $8; others, steady. Sheep—Receipts. 1.500: earlv sales. 68-75 lbs., sorted lambs. $7.40: tops. 57.40: bulk better kinds, *7<&7.40: lighter weights down to $6.50: medium kinds. $4®5.25; cuU and common. $33 4. EAST ST. LOUIS. 111., Sept. 20.—Hogs— Receipts, 20,000. including 400 through, 200 direct and 13,000 for government purchase; market, fairly active: 15®_25c higher; top, $5.25; bulk 170-230 lbs.. Sa.lo 45 3.20; 240-260 lbs.. $4.90® 5.10: 270-300 lb#., $4 654/4.90: 300-325 lbs., 54.50 - 4.65: 140-160 lbs . $4 504/5- 110-130 lbs.. $3.65® 4 25: bulk sows. $3.15® 3.40. Cattle—Receipts, 2,500; calves. 1.200: market, steers, mixed vearlings and heifers, mostly strong to 15c higher; cows, fully steady bulls, strong: veulers, 25c higher; top. 1.152 lb., steers. $6.25: other sales largely $54/6.15: mixed vearlings and heifers, $4.05® 6; top heifers. *6 15 cows, largely *2.354r3: low cutters. *l2s® 1.75: top sausage bulls. $2 90: good and choice vealers, $6.75: slaughter steers, 550-1.100 lbs., good and choice $5 504/6.75: common and medium, *34/5.50; 1.100-1.500 lbs., choice, *6® 6.50; good. *5.254/6; medium. $44/5.50. Sheep— Receipts. 2.000: market, active, steady: bulk of lambs to all Interests. *74(7.25: top. *7.25- buck lambs were one dollar less: medium sorts. $4 50 ® 5.50; common throwotrts. *3.50®4: slaughter ewes. *lz: 2.75; lambs, 90 lbs., down, good and choice. $6.5007.50: common ana medium. $3.5006.50; yearling wethers, 90-110 lbs., good and choice, *405; ewes, 90-150 lbs., good and choice. $1.5002.75; all weights,, common and medium. '

AIL Chemical Am.'Smelting Am. Can Am. Telephone Am, Tob. B Atchison Chrysler Con. Gas N. Y. DuPont Goodyear

Market Average a u • Twenty Active Issues Listed on the N. Y. Stock Exchange.

tunc July ausust seer. It s IT *4 SI 7 14 V * f 11 . rD r ~MONBAVj)ATts; L ■ 70 , 77 f—H 77 7 G 76 75 1- 7 J 5 a 7 3 ; * 72 4- rz 2 78: |. t --i i 70 * —hfeyrr ■ I:-&E^x±=zxx=iie * tl r — ioE}— : ftjJfjZZfpffZlgg ! sffigE—J #l' iW—a |ti ‘ *1 * 1 {O , Ms-t- — 60 59 ft 'fit — ~F 59 i s r i'l ■ - lllilllllli

This daily record of the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements and daily variations are apparent at a glance.

Other Livestock BY UNITED PRESS FT. WAYNE. Ind.. Sect. 20.—Hogs. 30® 25c uc: 200-225 lbs.. $5 20; 225-250 lbs.. $5.10; 250-275 lbs., $5; 275-300 lbs.. $4.85; 300-350 lbs.. $4.60: 160-200 lbs., $5.10: 150160 lbs.. $4.70; 140-150 lbs.. $4.50: 130-140 lbs., $4.25; 100-130 lbs., *3.75; roughs, $3.75: stags. $2.50. CINCINNATI, 0.. SeDt. 20.—Hogs—Receipts. 5.100; 725 direot and through; none held over; active; open 5c higher but market mostly 10c higher than Wednesday's average: top and bulk. 180-270 lbs.. $5.25: few weightier butchers chiefly, ss® 5.25; 150-180 lbs., $4.60® 5.25: 130-150 lbs.. $3.8504.60; packing sows. good. $303.50. Cattle—Receipts. 550; calves, receipts 350: moderately active, most classes steady to strong; steers and heifers largely $3.50® 5 50; few upward to around $6 and odd lots choice butchers. $6.50; most beef cows, $2.250 3.25; individual head. s3.ao; low cutters and cutters. $1.25®2.25: sausage bulls. *2.25® 3.40; god to choice plainer ostlv. s4® 5.50 Sheep—Receipts 1 200; ostlv steady; fat labs ainlv. s7® 7.50; ediu, ss®6; comon. $405; culls, down to $3 and below; acted fat ewes. sl@2; according to weight and finish. LAFAYETTE. Ind., Sept. 20.—Hog Market—ls® 55c higher; 206-300 lbs $5.05® 5.10: 300-325 lbs., $4.00- 150-200 lbs.. $4 75 ® 5.05; 130-150 lbs., *4.15® 4.40 100-130 lbs £3.40® 3.90: roughs, $3.75 dow,. top calves $6 50; top lambs. $6. EAST BUFFALO, N. Y.. Sept. 20 -HogsOn sale, 10,000. including 9,600 on government order; market, active, generally 25c over Monday's average; desirable 160-230 lbs., $5.50025.60; heavier weights very scarce. 110-150 lbs., quoted at $4.5006.25. Cattle—Receipts. 100; market, slow, steady few good vearlings. $6.25: medium fleshed grass steers and heifers, $4.50; plainer kinds. below $4; cutter cows. sl6s® 2.40. Calves—Receipts. 100; vealers. steady at week's decline; good to choice sß'.l common and medium, s6®7. ®heep Receipts, 300- holdovers, 400; lambs, 25c under Monday; good to choice ewes and wethers, $7.50® 7.7: mixed offerings and medium kinds, $6.40@7; throwouts, $5.25& 5 75. TOLEDO, Sept. 20.—Hogs—Receipts. 150. market. 10® 25c higher: heavv Yorkers. $5.25; mixed and bulk of sales S5 16<x 5 -25 pig and lights. $3.25©3./5. medium aid heavies s4® 5.25: roughs. s3® 3.25. Cat-tle-Receipts. 450; market, strong. Calves Receipts, light; market, steady to 50c lower; choice to extra., * 7 - 50 .''' good s4® 7. Sheep and lambs— Receipts. light: market, steady. Bil Times Special LOUISVILLE. Sept. 20. —Cattle —Receipts. 250: slow, mostly steady: bulk common to medium grass steers and heifers. $34 few. $4.25; better finished fed offerings. $5 ® 5.50 and above for best i’Rhtweights, bulk beef cows. $2412.50; few $2.75. low cutters and cutter cows .mostly sl®l-75. sausage bulls quotable, $2.90 down, common to medium native stockers and feeders. $2.50® 3.75 Calves— Receipts. 175; steady; better grades mostly [email protected] medium and lower grades, $4 do H°BS Receipts. 1.600. including around 900 pigs on government order; weights from I7t> lbs. down, 20c higher: others 15c up; 180235 lbs.. $5.20: highest since July. 1932. 24P-275 lbs.. $4.75; 280 lbs. up, $4.50; 14017*S lbs.. $4.40: 135 lbs. down. $2.70: sows. $3 35; stags, $2.30. Sheep—Receipts. 300; steady on all classes: bulk medium to good lambs, s6® 6.50: choice eligible to $7; bucks mostly $5®5.60; throwouts, $3.50© 4: fat ewes, sl®2; bulk better stock ewes $6 07 per head; choice young ewes to $7.00. Receipts Tuesday: Cattle, 264; calves. 173; hogs, 1.561: sheep. 392. Shipments Tuesday: Cattle. 78; hogs. 142: sheep. 403. Tuesday’s hog receipts included 1,080 pigs on government order.

Indianapolis Cash Grain

—Sept. 19— The bids for car lots of grain at the call of the Indianapolis Board of,Trade, f. o. b. shipping point, basis 41% New York rate, were: , Wheat —Strong: No. 1 red. 86%@87%c; No. 2. red. 85%@86%c; No. 2 hard. 85%@ 86%c. Corn—Strong: No. 2 white, 46%@47c; No. 3 white, 45%® 46%c; No. 2 yellow. 43% ®44%c; No. 3 yellow. 42%@43%c; No, 2 mixed. 42%@43%c; No. 3 mixed. 4i%(&! 42 %c. Oats—Firm: No. 2 white, 34@37c; No. 3 white. 33® 34c. Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville' No. 1 timothy [email protected]; No. 2 timothy. $5.30@6. —lnspections Wheat—No. 1 red, 2 cars; No. 3 red, 3 cars. Total, 5 cars. Corn —No. 2 white. 1 car; No. 3 white, 4 cars; No, 4 white, 3 cars; No. 5 white, 1 car; No. 2 yellow, 19 cars; No. 3 yellow, 15 cars; No. 4 yellow. 2 cars; No. 5 yellow, 2 cars; No. 6 yellow, 3 cars. Total, 50 cars Oats—No. 2 white, 2 cars; No. 3 white, 5 cars; No. 4 white, 1 car. Total, 8 cars. Chicago Primary Receipts • —Sept. IS— Last Today Week. Wheat 735.000 983,000 Com 663,000 591,000 Oats 311,000 262,000 Chicago Futures Range —Sept. 19WHEAT— close. High. Low. 10:00 close. December .96% .95% .96% .97 5 ,* May 1.01% 1.00% 1.00% 1.01% CORN— December 55 .54% .54% .55% May 61% .60% .61 .61% OATS— December 42 V* .41% .42% .42% May 46 .45% .45% .46% December 76% .75 .76 77% May 82% .81% .82% .83% BARLEY— December 61 .60 .61 .61% May 66% .65% .66% .66% TOLEDO CASH GRAIN By United Press TOLEDO. Sept. 19.—Cash grain close: Grain in elevators, transit billing: Wheat —No. 2 red. 94@95c: No. 1 red, I®l%c premium. Corn—No. 2 yellow. 55%®56%c. Oats—No. 2 white, 41%@42%c. Rye—No. 2, 80®81c Track prices. 28%c rate: Wheat —No. 1 red. 90®91c: No. 2 red. 89®90c. Corn —No. 2 yellow. 51® 52c: No. 3 yellow. 50 0 51c. Oats—No. 2 white. 38%040c; No. 3 white. 37039 c. Toledo seed close: Clover —Cash. $6.35; October. $6.45; December, $6.60. Alsike—Cash. *8: December. $8.25. Toledo produce close: Butter —Fancy creamery. 27c. Eggs—Extras. 19%020c. Hay—Timothy per cwt.. 70c.

Robert C. McDermond Retirement Incomes 914 Continental Bldg. RI-6543 t

BUY YOUR SERVICE 3QTH & CENTRAL SALES TA. 5550

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Inti. Harvester Johns-Manvilia Nat. Biscuit Pub. 8. of N. J. Sears Roebuck Stand, of N. J. Un. Aircraft U. S. Steel Union Pacific Westinghouse

Produce Markets

Delivered In Indianapolis prices: Hens, heavy breeds over 4% lbs., 10c; Leghorns, 7c. Broilers: Colored springers, 1% lbs. up, 10c; springers (Legnorn). 1% lbs. up 7c: barebacks, 7c: cocks and stags. 6c; Leghorn oocks and Leghorn stags. sc. Ducks, large white, full feathered and fat, over 4 lbs., 4c; small and colored, 3c. Geese, full feathered and fat 3c. Young guineas, 20c; old guineas. 15c. Eggs—No. 1 fresh country run eggs. 16c. Pullet eggs. 10c. Each full egg case must weigh 55 lbs. gross: a deduction of 10 per lb. for each lb. under 55 lbs. gross will be made. Butter—No. I. 25026 c: No. 2. 22®23c. Butterfat—lßc. Quoted by the Wadiey Company. BY UNITED PRESS CHICAGO. Sept. 20.—Eggs—Market, unsettled: receipts. 4.469 cases; extra firsts. IB*4c: current receipts. 14-16: dirfles, 13% @lsc. Butter —Market, unsettled: receipts. 11,575; specials. 23%®24c: extras, 23c: extra firsts. 21*+®21%c; firsts, 17%®T8%c: seconds. 16%®17c; standards. 21%c. Poultry—Receipts, 14 trucks; market, steady to %c higher: fours. 10®ll%c: Leghorn broilers. 9%c; Leghorns. 8c; ducks. 8011 c; geese. 8c: turkeys. B®9c; roosters. 6®7c. Cheese—Twins. 11%®12c: longhorns. 12*4® 12 %c. Potatoes--Shipments, 797: arrivals. 97: on track. 251; supply liberal; demand in trading slow: about steady; Wisconsin round whites, $1.55® 1.65: best. $1.70; Minnesota round whites, $1.45: Minnesota, early Ohlos. $1.1501.30; Minneasota. North Dakota. Red River Ohios. $1.5001.60: Idaho russets. $1,904/2; few. $2,054/2.10: Washington Russets No. 2. $180: Colorado triumphs. $1.80(82; Colorado Red McClures, $1.75.

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton Is allowed. Domestic Prices Indiana No. 4 and No. 6 lump, $5.25: egg. $5; mine run, $4.75 C'oke (carload lots) —Egg. nut, $7: pea sizes. $5.25. Semi-Smokeless—Lump, $7.25. Retail Steam Prices Indiana No. s—Lump, $4.50; egg. $4: nut, $3.85: pea, *4.25; mine run, *3.75. West Virginia—Lump, $5.50; egg, $5.25. Kentucky—Egg, $5.25

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AN ATTRACTIVE INVESTMENT Free of all taxes (except inheritance taxes) LAND BANK BOND SHARES Issued by NATIONAL BOND DEPOSITOR CORPORATION The shares represent a beneficial Interest In a Trust fund comprised only of U. S. Government, Federal and Joint Stock Land Bank Bonds, held in trust by The Louisville Trust Company of Louisville, Kentucky. Principal and Income are exempt from all State and Federal Taxes (except Inheritance taxes). Shares are quoted at the market and at today’s price yield approximately 5 7c. PetHch an/I mall coupon for projpcotn* conforming to the requirement* of the Federal Securities Act of 1933. NAME ADDRESS WILLIAM E. SHUMAKER and COMPANY, Inc. Lincoln 8354 Indianapolis 1408 Circle Tower

PAGE 15

GRAIN FUTURES SELL DOWN ON POORSUPPORT Wheat Will Respond Easily to Bullish News, Is Belief. BY HARMAN,W. NICHOLS United Pre Staff Correspondent CHICAGO. Sept. 20.—Grains dipped slightly at the opening of th Board of Trade today. Wheat was off % to 1% cents, corn dropped 3 * to 1% cents and oats declined % to % cent. Inflation talk, which has occupied operators and brokers for the last fortnight continued to be the prime influence. One broker today commented that wheat probably would respond readily to any constructive news and that the ultimate outcome In corn, in view of the short crop, is for higher prices. Inflation continues to have its affects on the wheat market and still is the major factor. Another influencing factor is the fact that is is believed the government soon will arrive at some definite price on the gold dollar. Public participation has increased to a degree but as yet no volume of real proportions has been reached. Liverpool did not respond to the sharp advance in prices here Tuesday though Sterling was higher. There is a strong undertone in corn as that grain is reaching maturity. The country, however, is offering freely on the bulges. Houses with eastern connection, believing that oats soon are to reach higher levels, have been buying rapidly during the last few sessions. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 83 cent* for No. 2 soft refl wheat. Other grade* on their merits. .

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