Indianapolis Times, Volume 45, Number 117, Indianapolis, Marion County, 25 September 1933 — Page 13

SEPT. 25. 1933.

Wall Street Vanderlip's Views Opposite to Those Held by Most Bankers: Provides Food for Thought. By RALPH HENDERSHOT Time* Special Financial Writer

After reading Forrest Davis' presentation of Frank A. Vanderlip's views on economics in yesterday's World-Telegram, one is apt to wonder whether it might not be a good thing to place the responsibility for the nations monetary policies permanently in the hands of bankers not actively engaged in the banking business or in the hands of others equally situated to furnish unbiased performance. Mr. Vanderiip formerly was head of the National City bank, so it must be granted that he is in a position to speak with authority on financial and economic subjects. Moreover, he is at the present time unfettered with any board of directors and consequently is in a position to speak'

his own mind freely. At 66 years of age his judgment is matured, and the studies he has conducted in recent years should add additional weight to his observations. His views on many financial and economic subjects are unorthodox in Wall street, to say the least. The type of banker who sits on thp board of the N*w York Federal Reserve bank would not think of saying, for instance, that, while inflation is dangerous, so also is forced liquidation of debtors. He would not agree with Mr. Vanderiip that it is up to the modern state to safeguard the workers’ employment. a a a Banker Interest Not Representative Making full allowance for an honest difference of opinion, it must be admitted that the interests of the banker are not always the interests of the public at large. Our bankers would complain—probably with justification—if William Green, president of the American Federation of Labor, were to be named a

Ralph Hrndershot

justice of the United States supreme court while still holding his present position, and there may be reason for the unemployed in this country feeling that things might have been better if our money and credit policies had been formulated by bankers who had first severed their banking connections. It will be argued, of course, that the members of the Federal Reserve board, in Washington, are not active bankers, but there are those who contend—and probably not without some knowledge of the facts—that the financial policies of the country in recent jears have been formulated largely by the Federal Reserve Bank of New York, the directors of which included several active bankers. a a a Textile Fluctuations While cotton was taking a sharp tumble recently a rather unusual development took place in the wool market. January top futures rose to SI 06’*i a pound, the highest price since October, 1929 Last spring wool was selling at around 60 cents a pound It is of interest to note that wool is rapidly closing the price gap between it and silk.

New York Stocks

—Sept. 25 Oils— 10 30 Prev. , High. Low. ES T. close. : Amerada 43 Atl Rfg r.H 27 s * Barnsdall 9% ,®% ! Consol Oil I?-* Cont of Del l‘% 13 '* I Houston tnewt •• * * Houston ioldi.. .. ... 2J to a Indian Rfg 3 . -.4, ! Kid Cont Pet } 3 % 13 s Ohio Oil 16% 18 }% 18 2 Pet Coro } 2 % } 4 ,. 2 Phillips Pet .. I® 3 * I® •: Pure Oil I**4 14 14 If,* Roval Dutch ... , 3 5 4 Sbd Oil 37% 3 1 1 * 3.% 36% 1 Shell Union .. •■ • Soc Vac 12% 12 s * 12 * 12 2 8 O of Cal 42 S O Os N J 41% 41 s * Texas Corp 21J* 27 2 , Tidewater Assn * • 9. 4 Un Oil of Cal 21 21 >2 1 Steels— Am Roll Mills If* 20 Beth Steel 35 Hi 34 * Bvers AM t Col Fuel A Iron ,?■* Gulf Sts Steel Ludlum Steel ... ... 13 is 1 McKeesport Tin *‘ u ; Natl Steel ”7* Rep Iron & Steel ... 15*4 R Ir A Stl Dfd 33 % Vanadium 1 ... 23'4 23 >4 23-4 23 Midland fK' 2 1 U S Pipe A Fdv I®. j U S Steel 49 2 j U S Steel pfd 81-4 81 2 1 Youngstn S & T 22 2 I At?hison" M '* I Attest Line ... ;; ... 30 % Can Pac 14 4 i* Ch A Ohio *2*cm&ltp pt :: ••• ’}g H Chi N VV 10 19> Chi R Ist Ri * Dela A Hud Erie - Grt Northern pfd if 3 2 111 Centra! 34 3i K C Sou... il * mkl-t :: ::: %• Mo Pac 4 a ’ ■ Mo Pac pfd .. •- - •.4 4 *]Z I N Y Cent 41'* 41 41 2 1 N Y Chi A St L *8 2 • N T C A St L D 42 it 2 j N Y New Haven .. . . .fit, Norfolk A Wes 5?: Nor Pac * Penn R It \ Reading •• ■■ .■ -ji 2 4>a Rou R 3 R V 26-4 27, j Union Pac 116 115 118 116.2 j W 11 j Motors— 51 Vi Chrvaler 7.7. . . .". 45 s * 44 s * 44 s -* 45 s * Oen Motors ... 31% 30 s * 30 s * 31^ Graham Mot - • .L® . Hudson 12 % 12H 12% 13 Hupp Nash .. V g£ kmnl :: ::: K 3% Ac— MS !•■. Bohn Alum ..*• *• *igu 16 3 * :• ::: fi T ANARUS: Eaton WiV: • • 12 19 34 Elec Auto Lite ffiSK::: :: ::: •% ; &n W RoT r 7." 28-4 28-4 28% 28 s * AlaVka" Jun 26-4 25 s * 25 s * 27 Am Smelt .... 46 4 s 4 * Anaconda .. g, 2 . jtJ Cal A Hecla ,2,* * ,£ 2 Cerro De Pasco 36.2 38^ ot Nor Ore 3)33! JOS -in 3s>. Kenr.erott Coo.. 23 22 * -2.* -3 Noranda Cop... -- 3S 3 2 Phelps Dodge.... 16% 16 s * 16 H> Tobacco*— . Am Sum Tob... .. 043. Am Tobacco A. . . .- £ gi 4 Am Tobacco B 88 8.4 ' ’ 1 Gen Cigar.... 31 5i Listjt A Mvers B ’Oll4 22 1 Lorrillard • 21S 21t* * Remolds Tob B 51 T * 51 51 si a Equipments— 17 , Allis Chalmers ij,‘ Am Car A Fdr ... 38-1 28, aS Steel Fdv.:; .* l ." 20 s . Burrouchs .7.'.*.*. 15 s * '>, 15-4 18% Cater Tract 21 4 -1 • Celeat Palm Peet 14 Concoleum ~ Elec Stor Bat ’ s , 2 Foster Wheeler 18 16,* Oen Am Tk Car . • - 33 , Gen Eire 21 20 * .0 * *1 a Oen R R Sig 3, , . . Inesol Rand ,7? 2 Int Bus Mach Int Harvester so Kelvlnator is,* Natl Cash Ree 18 !•. Proc A Gamble , Ji 4 Pullman Inc * * h Simmor.s Bed 43 end aiic' 3 ‘ West Air B " *’* "tost iqs. Westingh Elec 3 * 3 4 Worthington Pmo 20 l tilitiet ins. RTT* Ut 126% 13*5% 125% l 2 fs Am Wat 1 Wk •• % 22 22 22-2 Co?°Gas°A Elec i5% is' 15-a 15 s . : -2'* "2H " 2-, V, Con.oro.s A - 6V * 8 , 4 &v.l*. 14 -I* if*: NorttT*Amer ! i* 18% "l% 19% UPae O A E 21% 21% Pub Serv N J 36 * 36 , So Cal Edison 18% 18* Std Gas H% 11 Std Gas pfd . ■ • I 2 * United Corn ... 7 6% 6% 6* Un Gas Imo.. 16 i 16 5 t 16% 16 u? pwr A Lit A 3-a 3% 3% 4 Western Union 61 2 61 2 Robber* 25 : i m r nc n h ::::: 14% 14% ?l s * 111 Ooodvear 35 s * 35-, 35-, 38 a U S Rubber.. J* * U S Rub ofd 3(1 , 30 Kel Spring . 3 Amusements — Crosier Radio | £S.r : s<:::::: i:v * '<. ■* SST % 1. Warner Bros % • -% ■% Foods— Am Sugar 64% Armour <A 5 5 Beatrice Cream y 13-. Borden Prod .. 23% 23 s * Ca’ Ptcking ... - . 24®, Can Dr* O Ale 31 s * 31 31 31% Cent Bu iA- ... 3% 12 s . Corn Prod .... • 87% 89-* Crm of Wheat.. . 31% Gal Poods. .... . . 36% 36% Oo:d Dust . • ... 21 G W Sugar 40% 40% 40% 41-4 lot Salt 24% Locsa Wiles...*. .. ... 39% ...

Natl Biscuit 54% Natl D Prod . 15% 15% 15% 15% Puritv Bak 18 S Porto R)CO Sug .. ... 42 42% Btd Brands ... 25% United Fruit 60% I Wrigley ... 52% Retail Stores— Asso Dry Goods 15% ! Best A: Cos 28% . Gimbel Bros 5% I Gr Un Tea ... ... 6 Hahn Dept Sts 5% ... Kresge S S 12% 12% Kroger Groc 23% Macv R H 58 Mav Dept Sts 29% ... Mont Ward . 22% 22% 22% 22% Penny J J 47 47% Safeway 9t ... 43 % 44 Sears Roebuck. 42% 41% 41% 42 Woolworth 39% 40 Aviation— Aviation Corn.. 10 Douglass Air 14% 14% Curtiss Wright 2% 2% Curtiss Wrght A’ ... 5% 5% I Nor Am Av ... 6% 6% United Aircraft 32% 31% 31% 32% Chemicals— Air Reduction 109 108% Allied Chem 137 Am Com Alcohol 59 58 % 58% 60% Col Carbon 57% Com Solvents 36% 35% 36 . 37 Dupont 77% 76% 76% 78 Freeport Tex ... 44 45% Liquid Carb... . 30 29% 29% 30 Math Alkali 39 39% Tex Gulf Sulph .. . . 37% 37% Union Carbide . 45 44% 44% 46 U S Indus Alcoh 68% 68 68 69% Nat Distil 96% 94% 95% 99% Drugs— Coty Inc * ... 5 5 Drug Inc 47% Lambert ... 31% 31% Lehn & Fink IS'-s Zonite Prod 6 Financial — Adams Exp .... 8% 8% 8% 8% Allegheny Corp. 4% 4% 4% 4% Chesa Corp ... 42 41 41 41% Transamertca *% 5% Tr Conti Corp.. .. . ... 5% 5% Building— Am Radiator ... 14% 14% 14% 14% Gen Asphalt 18% 1 Int Cement 30% Johns Manvllle. .. ... ... 52% Libby Owens Gls 29 28% 28% 29% | Otis Elev 16 15% 15% 15 Miscellaneous— Am Bank Note.. .. ... 16% 16% Am Can 90% 90% 90% 92% I Anchor Cap 21% Brklvn Man TT 30% 31 Vs j Conti Can 66 , Eastman Kodak .. ... 80 81 Owens Bottle ... .. 78% I Gillette 14 13% 13% 16% Glrdden 16% •• ■ ! Indus Rayon 70 Inter Rapid TT 8% 8% Real Silk Hose 12% New York Curb By Abbott. Hoppin & Cos. —Sept. 23Close Close Alum Cos of Am 71 Irving Airchute. 4% Am Cvan B 12% Inti Ptrol 19% Am G As El 25 Lake Sh Mines. 48% Am Sup Pwr.. 3% Lone Star Gas. 7% Ark Ntl Pwr A l%Pan Am Air.... 53 Ass Gas A 1% Parker Rstprf .. 56% Can Marc 3% Pennroad 3 Braz Tr * Lt. 13% St Regis Paper. 3% Cent Sts El 1% Std Oil of Ind.. 31% 1 Cities Serv 2% Std Oil of Kv.. 16% Com Edison ... 47'•* United Founders 1% Cord 10% Hinted Gas 3 El Bnd & Sh.. 18% Un Lt ft P A.. 4 Ford of Eng .. 5% United Verde .. 3% Hud Bav Min . 10% Util Pwr & Lt. 1% Imperial Oil ... 14 I Wright Harg.... 8 Liberty Bonds | By United Prenn NEW YORK. Sept. 23.—Closing Liberty bonds .Decimals represent thirty-seconds.) : Liberty 3%S .32-47) 102 11 Liberty Ist 4%s '32-47. Jno'oß ! Liberty 4th 4-*s 133-38) Treasury 4%s .47-52) i 1 Treasury 4s 1 44-54) JSf ?s Treasury 3%s .46-56) J 94.16 Treasury 3%s *43-4T* J!!Hl Treasury 3%s (4.-43) March 10. 16 .Treasury )%s 40-43• June 10116 j Treasury 3%s '46-491 69.30 | Treasury 3s (51-55) in?'? 3 Treasury 3%s 1011 New York Bank Stocks (By Abbott. Hoppin & Cos.) —Sept. 23 — Bid. Ask. Bankers 53% 54 Central Hanover 124 127 Chase National 24% 24% Chemical 34 34% 1 National City 26% 26 * Corn Exchange 50 l Continental 1* lj* Empire , 18 s * , 18% First National *•??? Irvins 16*% 16*4 Manhattan & Cos 25% 26% Manufacturers * New York Trust 8' 1 * J? Public 33 34

Investment Trust Shares

ißv Abbott. Honpin A Cos.) —Sept. 2o Bid Ask American Bank Stocks Corp .. 90 1.00 American A General Sec A.... 550 650 Basic Industry Shares 334 338 British Type Inv Tr Sh 55 .58 Collateral Trust Shares (A>.. --4 75 512 Corporate Trust Shares told' 220 224 Corporate Trust Shares tnewi.. 234 239 Cumulative Tust Shares 4.15 4.20 Diversified Tr Shares tA> 6 25 .... Diversified Trust Shares <B >. .. 760 780 Diversified Trust Snares tC'.... 309 3.12 Diversified Trust Shares 'DI.. 4.95 505 First Insurance Stock Corp. .. 1.40 1.50 First Common Stock Corp 100 1.15 Fixed Trust Oil Shares i A•.... 8 40 .... Fixed Trust Oil Shares 'B' .... 720 .... Investors Inc 17.50 17.75 Low Priced Shares 6 15 .... Mass Inv Trust Shares 17 87 19 50 Nation Wide Securities 3.20 .... North American Tr Share* is3' 1 82 No Am.er Trust Sh 1 55-56* 139 245 Petroleum Trust Shares <A> ... .11 00 14.00 Sleeted Amertian Shares 2 62 Selected Cumulative Shares ... 6.75 6 87 Selected Income Shares 3 60 3 75 Std American Trust Sh At.... 2.15 302 Trust Shares of America . 2 86 3 98 Trustee Stn Oil <A* 540 560 Trustee Str Otl B 4.85 500 C S Elec Lt A Pwr <AI 11.50 12.00 niversal Trust Shares 2 97 3.02 North Webster Man Killed By rnifed Press WARSAW. Ind.. Sept. 25.—Homer Kline. 48, North Webster, died today from injuries received late on Sunday when his automobile overturned on the Epworth Forest road.

STOCK SHARES SHOW LOSSES IN DUII TRADE Soaring Dollar Is Adverse Influence on Security Values.

Average Stock Prices

Average of thirty industrials for Saturday, high 44.91. low 44 13, last 44.59, up 72 Average of twenty rails 44.11, 44 13. 44 59. up 54 A*. erag of twenty utilities 27 40. 26 65, 26 86. up 40. Average of forty bonds 84 69. up .38. BY ELMER C. WALZER Unftcd Press Financial Editor NEW YORK. Sept. 25. Stocks reacted downward today as the American dollar soared in terms of foreign exchange. Trading was quiet. The dollar spurted a full cent in terms of the French franc, reflecting foreign appraisal on inflation prospects. The conclusion now reached abroad is that inflation definitely will be deferred here. Business news was favorable. The magazine Steel reported a rise of a point to 44 per cent in steel operations for the country and predicted heavier steel buying this week to get ahead of fourth quarter price advances. The federal reserve reported employment and pay rolls higher. United States Steel common dropped l l * points to 48 %on the first sale, but other steels were steady. Rails were weak. Alcohol stocks dropped 1 to more than 4 points. Utilities held fairly well, as did oils. Great Western Sugar firmed up Vt point to 40 3 i. New York Central dipped to 41 I £, off 2; Union Pacific, 115, off 1%; Atchison, 60, off lti, and Baltimore & Ohio, 30, off %. National Distillers dropped 4 3 to 95. Dupont lost nearly a point, Chrysler opened at 45%, off % on 1.000 shares, and then broke below 44. General Motors was down *4 point to 303?. Gold mining issues eased with the general market.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 25 Clearings sl-524.000.00 Debits . 3.644,000.00 TREASURY STATEMENT —Sept. 25 — Net balance for Sept. 22 $1,184,359,240.68 Int Rev. Rects. for day.. 2,799.386.51 Customs rects.. mo to date 23.686,539.81 NIGHT WATCHMAN IS BEATEN IN ROBBERY Suspect Is Nabbed by Cops After Theft Is Frustrated. George J. Phillips, 25, of 728 West Twenty-sixth street, night watchman for the Meier Coal Company, 1019 East Fifteenth street, was badly beaten in a fight with an alleged coal thief early today. Phillips was sent to city hospital with head injuries. Police arrested Emmett Horton, alias Charles Thomas. Negro, 1318 East Fifteenth street, on charges of trespass and assault and battery. Police said Horton struck Phillips on the head with a club. William F. Adkins of the Perry Coal Company saw the. fight and turned his police dog into the fracas, Phillips said. SETTLERS WILL PICNIC Indiana Pioneer Society Annual Event to Be Held at Brookside. Old-fashioned fiddlers, a tintype photographer, contests for old and young are to feature the old settlers’ picnic of the Society of Indiana Pioneers in Brookside park next Saturday. Dr. Stanley Coulter will be speaker. Basket dinner will start promptly at 1 p. m. Mrs. John T. V/heeler, chairman of the arrangements committee, stated that the annual gathering would have an old-fashioned flavor, and that many old-time customs would be revived.

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THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The follownig quotation* do not rerreser.t actual bids or offerings, but merely indicate the approximate market level bas“d on buvlng and selling inquiries or recent transactions. —Sept. 23 Bid. Ask. Belt Rail * Stock Yards com 28 33 Belt Rail & Stock Yards, ufd 4o 50 Cent Ind Pwr ufd 777 8 U Citizens Gas Cos old SUe 63 67 Citizens Gas com •• ••• 16 19 Home T & T Ft Wavne Dfd 1% 36 40 Ind & Mich Elec Cos Dfd... 67 71. Ind Gen Service Cos Dfd 67i.. 64 68 Ind Hydro Elec Cos 7% 22 26 Ir.dols Gas Cos com 40 44 Indols Pwr Lt pfd 6% . 50 o 4 IndDls Pwr & Lit Dfd 6%%.. 54 58 Indpls Water 5% Dfd 89 93 No Ind Pub Serr Cos Dfd No Ind Pub Serv Cos tfd 5%% 21 2c No Ind Pub Ser Cos bfd 7<%.... 25 29 Public Serv Cos of Ind Dfd 7CJ, 21 25 South Ind Grs & El Dfd 6^7.. 56 60 Terre Haute Elec Dfd 21 25 BONDS Citizens Gas Cos 5s 1942 86 90 Home T4WS ! as 1955 _... 9. 100 Home Tk T W 6s. 1943... 98 102 IndDls Gas Cos 5s 1952 24 >• Indols Rvs Inc 1967 ......... 30 33 IndDls Water Cos %s 1940.. 98 101 Indols Water Cos 5s 1960... 95 99 IndDls Water Cos 5s 1970...... 94 98 Indols Water Cos 5; 2 s 1953.. 100 103 IndDls Water Cos d%s 1954.. 100 103 Kokomo Wat Works 5s 1956.. .8 82 Lafavette Tel Cos 5s 1957... 83 87 Muncle Water Works 5s 1939.. 94 98 Richmond Water Works 1957 8a 8, Terre Haute Wat Wks 5s 1956 83 8. Terre Haute Wat Wk 6s 1940.. 95 93 Traction Terminal Cos 5s 1957. 45 49

Foreign Exchange

(By Abbott. Hoppin & Cos.) —Sept. 23Close. Sterling. England *4.7837 Franc.. France 2?Vi- a Lira, Italy 08*f Belgas. Belgium Mark. Germany jiiu Guilder. Holland 6264 Peseta. Spain Krone. Norway 4400 Krone. Denmark 2140

Federal Farm Loan Bonds

By Blytb & Cos Inc. —Sept. 25Bid. Ask. 4s Nov. 1, 1957-37 86% 87% 4s May 1, 1598- 38 86% 87% 4%s July 1, 1956- 36 B<% 88% 4%s Jan. 1. 1957-37 87% 88% 4 1 4 s May 1, 1957- 37 873* 88% 4%s Nov. 1, 1958- 38 87% 88% 4%s Dec 1, 1933- 32 100% 101 4%s May 1. 1942- 32 93 94 4%s Jan. 1, 1943- 33 93 94 4%s Jan. 1. 1953- 33 90% 91% 4%s Julv 1, 1933-'33 90% 91% 4%s Jan 1 1935- 35 90% 01% 4%s July 1. 1955- 35 90% 91% 4%S Jan. 1, 1956- 36 90% 91% 4%S July 1. 1053- 33 93 94 4%s Jan. 1. 1354- 34 93 94 4%S July 1. 1934- '34 93 94 5s May 1, 1941 -'3l 98% 98% 5s Nov. 1. 1941-31 98% 9878 Home Loan 4s. July 1. 1951 .. 83% 85

Daily Price Index

By United Press NEW YORK, Sept. 23 —Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press: (1930-1932 Average, 100) Today 103.23 Friday 102.35 Week ago 102.99 Month ago 102.74 Year ago 79.38 1933 High (July) 113.52 1933 Low 'Jan. 20) 67.86 (Copyright. 1933. by Dun & Bradstreet, inc.)

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 cocks 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 iresh countrv 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. 1. 25@26c: No. 2. 22®23c. Butterfat—lßc. Quoted by the Wadiey Company. DT UNITED PRESS CHICAGO. Sept. 25.—Eggs—Market unsettled to %c lower; receipts, 5.142 cases; extra firsts. 16\®'17%c; dirties, 12%c; current receipts, 14015 c. Butter —Receipts, 15,768 tubs; market; unsettled to %c lower; specials 23%®24c: extra firsts. 20%® 21%c; firsts, 17%018%c; seconds. 16%® 17c; standards. 21c. Poultry—Market, steady to lc lower; receipts, 30 trucks; fowls! 10@ll%c; Leghorn broilers, 9c: Leghorns, 8c; ducks, 7®l9c; geese, 8c; turkeys, B®9c; roosters. 6®7c. Cheese—Twins, 11% ®l2c; Longhorns. 12%@12%c. PotatoesShipments Saturday 826. Sunday, 20; arrivals, 331; on track 605; supply very heavy, demand and trading moderate; market weak and unsettled; Wisconsin Round Whites. $1.2501.35: Minnesota Round Whites, $1.2501.35; Minnesota and North Dakota. $1.3001.40; Ohio, partly graded. 95c®$l; Round Whites. $101.10; Wyoming Triumphs. $1.5501.60; Idaho Russets, $1.5001.65; combination graded. $1.35 01.45; lowa Rund Whites, $1.1001.20; partly graded, 95c%1: North Dakota Round Whites, $1.35; Nebraska Triumphs. $1.45 @1.50. CHICAGO FRUIT MARKET By United Prenn CHICAGO. Sept. 25.—Apples—Michigan wealthies bushel, 85c051.15; Michigan Jonathons, bushel. $1.2501.35. Pears— Michigan Keifers bushel, 75@85c. Cantaloupes—Michigan. sOcosl. Carrots —Illinois. 2®3c: bushel. 65®75c. Eggplant—lllinois. 35®50c Spinach—lllinois, 75 0 85c. Beans —lllinois green. 75c051.50. Cabbage—Wisconsin crate. $101.25. Peppers—lllinois bushel. 300 50c. Celery—Michigan, 250 40c. Corn—lllinois. 25 0 40c. Tomatoes— Michigan. 25035 c. Grapes—Michigan. 12 auarts. 210 23c; 4 quart. 11013 c. Onion market: California —Yellows bushel. 800 85c. Wisconsin: Yellows. 600670. Indiana: Yellows bushel. 60 0 70c.

SWINE DIP 15 TO 20 CENTS IN WEAHESSION Steer Trade Irregular With Asking Lower; Sheep Move Down. Hogs dipped 15 to 20 cents in rather weak trade at the city yards this morning. The bulk, 160 to 250 pounds, sold for 55.20 to 55.25. some held up to 55.30. Weights of 250 to 300 pounds brought S5 to $5.15; 130 to 160 pounds, $4.35 to $4.85; 100 to 130 pounds. $3.60 to $4.10. Receipts were estimated at 12.000, including 6,000 pigs for government sale. Steer trade was not fully developed. Asking was steady with most bids a shade lower. She stock was little changed, quality mostly common and medium kinds. Receipts were 1,000. Vealers were 50 cents lower at $7 down. Calf receipts were 500. Lambs were around 25 cents lower than last Friday's average. Ewes and wethers sold for $7 to $7.25; early top, $7.50. Bucks brought $1 less. Throwouts sold down to $3.50. Receipts were 800. Initial bids on hogs at Chicago moved around 10 cents lower than Friday’s average. Early trading was slow and not fully developed. The bulk of better kinds, weighing from 170 to 230 pounds, sold for $5.15 to $5.25. Receipts were estimated at 90,000. including 1,500 directs and 50,000 government pigs. Catfle receipts numbered 20.000; calves, 2,000; market weak. Sheep receipts were 18,000; market weak. HOGS Sept. Bulk. Top Receipts. 18. $4.90® 5.00 $5.05 11,000 19. 4.70® 5,15 $5.15 12,000 20. 5.25S 5.30 5.35 12,000 21. 5.40-0 5.45 5,50 1 0,000 22. 5.40® 5.45 5.50 14.000 23. 5.35® 5.45 5.50 9.000 25. 5.20® 5.25 5.30 12,000 Market, uneven. (140-1601 Good and choice.. $ 4.60® 4.85 —Light Weights—-(l6o-180) Good and choice.... 525 (180-200) Good and choice ... 5.25 —Medium Weights—--1200-220) Good and choice... 5.25 (220-250) Good and choice.... 5.200 5.25 —Heavy Weights—-(2so-290) Goo dand choice. . 5.00® 5.15 (290-350) Good and choice.... 4.7505.00 —Packing Sows—(3so down) Good 3.90® 4.15 (350-upi Good 3.75® 4.00 (All weights) medium 3.50® 3.85 —Slaughter Pigs—-(loo-130) Good and choice... 3.60@ 4.10 CATTLE Receipts. 1,000; market, steady. (1.050-1,100) — Good, and choice $ 5.25® 6.85 Common and medium 3.25® 5.25 (1,100-1,5001-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 3.00® 5.25 (750-900 i Good and choice 4.50@ 6.00 Common and medium 2.75® 4.50 —Cows— Good ; 3.00® 3.50 Common and medium 2.25® 3.00 Low cutter and medium I.oo® 2.25 —Bulls (yearlings excluded)— Good i beef i 3 00 ® 3 50 Cutter, common and medium.. 2.00® 3.00 VEALERS Receipts. 500; market, steady. Good and choice $ 6.ao@ 7.00 Medium 4.50® 6.50 Cull and common 3 00® 4.50 —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® 5.25 Common and medium 3.00® 4.25 (800-1.5001-Good and choice 4.25® 5 25 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 800; market, lower. —Lambs—(9o lbs. down, good & choice $ 6.50® 7.50 i,90 lbs. down) com and med. 3.50® 6.50 —Ewes— Good and choice 1.75® 2.75 Common and mccjjum I.oo® 1.75 Other Livestock BY UNITED PRESS CLEVELAND. Sept. 25—Cattle—Receipts. 1,200; market, slow and dull; common cattle decline. 25c: in soots, with bulk selling at $4®4.75; choice. 750-1.100-lb. steers, $6.50®7; good heifers. $5(55.50; good cows. $3.25®'3.75; bulls. $2.25®3.25. Calves —Receipts. 800: market, active and strong with liberal $9 top; choice to prime. sß® 9; fair to good. $6(5:7; common. S4®6. Sheep —Receipts. 2.500: market, active and steady; all sold early: choice wethers, $2.50 @3.25; choice spring lambs. $707.50; common and cull. S3@s. Hogs—Receipts, 12,000: receipts include 11.000 Digs: market, 15® 25c; lower on general reaction throughout nation: all sold: heavies. $5.25; choice butchers. 220-250 lbs.. $5.25 0 5.50; butchers and choice Yorkers. $5.50 0 5.65; stags. $2; roughs. $3: Digs. [email protected]. LAFAYETTE. Sept. 25.—Hog market. 10 to 20c lower: 200-250 lbs., $505.10, 250-270 lbs.. [email protected]; 270-290 lbs.. [email protected]; 290-325 lbs.. $4.65®4.75; 150-200 lbs.. $4.65 @5.05; 130-150 lbs.. $4.15®4.40: 100-130 lbs., $3.40®3.90: roughs. $3.50 down. Top catves—s6. Top lambs—SS. PITTSBURGH. ' Sept. 25.—Hogs—Receipts, 5.300; including 3,000 government; demand fair, steady to 5c lower; decline on 160-220 lbs., bulk these weight. $5.75: 250-300 lbs.. $4.7505.25: 120-145 lbs.. $4.50 @5.25: one deck, averaging 142 lbs., $5.50: common pigs. $4®4.25: packing sows. $3.50 ®4. Cattle—Receipts. 750; around steady with last week. Steers—Averaging around 974 lbs.. $5; carlots heavv weight over 1,300 lbs., $5; bulk good steers auotable. $4.500 5.25: good heifers fully steady at $3.5004.25: odd heads. $4.50: good cows. 52.50@3: common to mediums. $202.50: low cutter and cutters. $lO 2; bulls around $3.50: few higher. Calves— Receipts. 750; steady; bulk, good and choice vealers. $7.50 08; medium steadv. Sheep—Receipts. 3.500; better grade lambs. $7.2507.40; bucks. $6.50: medium and lightweights. $4.50® 6.50; prime wethers. $3: ewes, steady. EAST BUFFALO. Spt. 25—Hogs— On sale. 15.200; including 10.770 on govement order: about 25c under Friday’s average: bulk desirable 160 to 250 lbs.. 55.65; few $5.70; mixed weights and plainer kinds. $5.00; 110-150 lbs., [email protected]. Cattle—Receipts, 1 500: holdover. 200; dry fed steers ana yearlings scarce: active, steadv to shade higher; grassers draggv. weak to 2ac lower: choice 1.000-1.150-lb. steers. $7; bulk, good steers and vearlings. S6O 6.75: fleshy erassers and short feds. common sters and heifers. 53.50® 4.50: cows and bulls, unchanged: fat cows. $3(03.25; cutter grades. 51.55^2.50: medium bulls. $3.00 @3.25. Calves— Receipts. 650: vealers weaker to 50c lower: good to choice. 57.00 to mainly S8: few $8.50: common and medium. $5.750 6.75. Sheep—Receipts. 3 200; lambs steadv to slightly higher; good to choice ewe and wether lambs. [email protected]: medium kinds and fat bucks. 56.50®6.75; throwouts. $5.2505.70. EAST ST. LOUIS. Hi.. Sept. 25.—Hogs— Receipts. 28.000 including 1.600 through. 200 direct and 16.000 for government ; market uneven. lo@2oc lower: pigs and light lights 10c lower: no weighty butchers sold; top. $5.25: bulk. 160-225 lbs.. $5.10®5.20; 140-160 lbs., $4.75®5.10: 110-130 lbs.. s4® 4.50; sows mostly 53.40®3.65. Cattle—Receipts. 7.500: calves- 3.200; market, slow on native steers, western grass steers slow; few earlv sales about steady; mixed yearlings and heifers steady; cows weak to lac lower: bulls unchanged; vealers 25c lower; a few western grass sters. $4®_4.75; mixed yearlings and heifers. $4.5005 85: cows, $2.3508; low cutters. 51.25® 1.75: top sausage bulls. $2.90; good and choice vealers. $6.50: slaughter steers. 550-1.100 lbs., good and choice. $5.50®6.75: common and medium. s3® 5.50; 1.100-1,500 lbs., choice. [email protected]: good. $5.2506,25; medium, S4® 5.50. Sheep—Receipts. 2.000; market, opened steadv to city butchers: packers talking lower; better lambs, s7® 7.2d: buck lambs $1 less: common throwouts. $3.40® j 4: slaughter ewes Sl® 2.75: lambs. 90 lbs. down, good and choice. 56.25®7.25: common and medium. $3.50®6.25; yearling wethers. 90-10 ibs.. good and choice. s4®s; ewes, 90-150 lbs., good and choice. $1.50® 2.75; all weights, common and medium. $1 | @2. By Times Special LOUISWILLE. Sept. 25.—Cattle—Receipts. 1.300: run includes liberal auota of grass steers with weight desirable: har.dvweight slaughter steers and heifers in limited supply, these around steadv. with medium and lower grade grass cattle weak to 25c or more lower in a draggv uneven trade; most earlv sales medium to good: steers and heifers. $4.5005.50; common kinds down to $3 or slightly less for grass heifers; bulk beef cows. 52.25®2.75: low cutters and cutlers. $1.25®2; most bids on bulls. $2 75 down: Stockers dull. Calves —Receipts. 800: steadv to weak: spots. 50c lower considering more rigid sorting: most better vealers. ss® 5.50 strictly choice handvweights elieible $6: medium and lower grades. $4 50 down. Hogs—Receipt?. 2.800! including around 1.800 dies on government account; 5c lower; ISO-235 lbs . | $5 40: 240-275 lbs.. 54.95: 280 lbs. up. 54.70: 140-175 lbs.. $4.60: 135 lbs. down. 52.90; sows. $3.55: stags. $2 50. Sheep—Receipts. 650. steadv: bulk medium to good lambs. $606 50: choice eligible to s7' bucks mostly. $525.50: throwouts $3.5014: fat ewes. $102: most better stock ewes. S6®7 oer head. Receipts Saturday Ca"ie. 129: calves. 163: hogs. 1.517. and sheep. 102. Shipments Saturday; Cattle. 53: calves. 211: hogs. 145. and sheep. 276. Hog—Receipts Saturday Include 1.077 pigs on government order.

Chicago Stocks ■ Br Abbott. Hop Din A Cos.

—Sept. 23 Total Sales, 22.000 Shares High Low Last Acme Steel Cos ••• 3 ®, Asbestos Mfg * 3 * 3 * Assoc Telephone Util .. ■ Bendix Aviation 16% 16 s 16 s Berghoff Brew Cos .... 12% 12 1- < Borg Warner 1% l*, a Butler Bros 3 b 3 Cent Hi Pub Serv Pfd.. .. ... , Cent & So West 1% 1% l. 3 Chi A* Northwestern ... 10% 9% 10 x Chicago Corp Com 3 ? > 3 Chicago Corp Pfd 25% 25 2d j Chicago Yellow Cab .. ••• . I f.* Cities Serv.ce . 3% 2 % .?% Commonwealth Edison *' * Consumers - ■ 3 Cord Corp 10% 9a 10 Marshall Field 17 16% 16% Middle West Utilities % Noblitt-Sparks Ind Inc 25-4 North American Car ••• * Pnma Cos 17 16 1' Public Service 6"~- pfd.. *2 * Quaker Oats pfd 118% 116% l}®; 4 Reliance Mfg Cos .... 12% 12 12.4 Dexter Cos • * 3 Electric Household 11 10% 11

The City in Brief

TUESDAY'S EVENTS American War Mothers, convention. Claypool. Lutheran Charities, cosvention. Lincoln. , Rotarv Club, luncheon. Clavpooi. Gvro Club, luncheon, Spinks-Arms. Mercator Club, luncheon. Columbia Club. t . .. Architectural Club, luncheon. Architects and Builders building. American Chemical Society, luncheon. Severin. . _ , Universal Club, luncheon. Columbia Club. ' , Purchasing Agents, luncheon. Washington. 6 Theta Chi. luncheon, Washington. Young Dentists' Discussion Club, meeting. 8 p. m., Washington. Mrs. Leo K. Fesler for the tenth year will direct classes in self expression opening Wednesday at the Y. W. C. A. Mrs. Fesler will meet new pupils at 10 a. m. and 7 p. m. The intermediate group of day students will meet Thursday morning and the advanced classes will open Tuesday, Oct. 3. JULIAN W. SCHWAB TO BE ROUND TABLE GUEST Indianapolis Man to Attend National Underwriters Convention. Julian W. Schwab, has received the appointment as Indianapolis representative to attend the Million Dollar Round Table breakfast to be held during the National Underwriters’ convention at Chicago, beginning Sept. 27. Mr. Schwab, who will represent the Indianapolis Life Insurance Company, has became an honorary life member by writing and paying for a million dollars of life insurance during the last three years. Deaths George Ray. 71. Long hospital, carC *Fr?nk G Hows. 54. Veterans’ hospital. Cll 7am B. Hubbard. 72. St. ViVncent’s h °Henrv hospital acute interstitial nephritis. Sarah J. Wright. 94. 3130 Ralston, arteriosclerosis. . , . ... j James Albert Minchm. 77. 30d5 Wood, hvoostatic pneumonia. , ~ Joseph Mescall 25. 526 Shelby, chronic a *\Viniam Mayberry. 43. 3744 North Meridian. chronic nephritis vrinront's Melvin C. Edington. 64, St. Vincents hospital, coronary thrombosis. Odessa Proffitt. 32. city hospital, chronic “Catherine tetanus. ■ i Births Bovs John and Alvena Ellis, Coleman hospital. John and Pauline Hume. Coleman hosPl Alvin and Lois Williams. Coleman hosPi Joseph and Florence Greene. 1121 WtndS °Henry and Helen Weissenberger. 1743 South Randolph. . Ray and Fern Whitley. 1117 Church. Henry and Ruth Benefiel, 123 West Nor- " Garland and Anna Burton. 1218 Maderia. Earl and Justine Dennison. 752 Lexingtoßobert and Ludmilla Deal. 770 Haugh. John and Mattie Arvin, city hospital. Elzy and Myrtle Ferguson, city hospital. George and Pauline Allen, city hospital. Girls Ernest and Jaunita Stallings, Coleman h °C?iarles and Anna Malsberry. 27 North K Floy > d 6 and Pauline Marlnee. 2124 Winter. John and Lula Pennington. 805 Church. Ha vie y and Leota Hedge, city hospital. William and Mary Hutton, city hospital. Paul and Alice Cain, city hospital. William and Florence Koontz. city hospital Adolph and Lovie Weibel. city hospital. James and Ruth Reiger. city hospital. Other Livestock BY UNITED PRESS CHICAGO. Sept. 25.—Hogs Receipts. 90.000. including 50.000 government; directs 15.000; mostly 15 cents lower than Friday's average. 170-220 pounds, [email protected]; top, $5.25; 230-300 lbs., [email protected], light lights, [email protected]; commercial pig. $4.75 down; packings sows, [email protected]; light lights, 140-160 lbs., good and choice, $4.75® 5.25. light weight, 1 GO-200 lbs., good and choice. ss® 5.25: medium weights, 200-250 lbs., good and choice. $4.8595.25; heavy weights. 250350 lbs., good and choice. $4.100 5.05; packings sows, 275-550 lbs., medium and choice. $3®3.90; slaughter pigs 100-130 lbs., good and choice. $3.50® 4.75. Cattle—Receipts. 20,000; calves, 2.000; general fat steer market unevenly steady to 25 cents lower; strictly good and choice light and medium weight steers held up; little done; largely fat teers in run; early bids on medium weight steers, $6.85; 1,000 pound $6.75; better fed heifers firm to a shade higher; lower grades under pressure; best heifers $6.40; not many western grassers in run; Stockers firm and higher: slaughter cattle and vealers: steers 550-900 lbs., good and choice. $5.75®6.75: 900-1,100 lbs., good and choice, $5.750 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, 550750 lbs., good and choice. $5 25®6.50; common and medium, [email protected]; cows good, $3.60®4.75; common and medium, $2.35® 3.60; low cutter and cutter. $1.50®2.35; bulls (yearlings excluded) good (beef), $3.2504; cutter common and medium. $2.25 @3.15; yearlings, good and choice, $5.75® 7.25: medium. $5®5.75; cull and common. s4@s; Stocker and feeder cattle: steers. 550-1,050 lbs., good and choice. $4.25®5.25; common and medium. $2.75®4.25. Sheep— Receipts. 18,000, slow; fat iambs weak to 25 cents lower; some off more; prospective bulk around $6.75® 7 on good to choice natives; few sorted and selected held above, $7.25; sheep steady; slaughter sheep and lambs, lambs 90 lbs. down, good ana choice, [email protected]; common and medium, [email protected]; ewes, 90-150 lbs., good and choice. $1.50©2.85; all weights common and medium, 75c®$2; feeding lambs. 50-75 lbs., good and choice, 36®6.50. FT. WAYNE. Sept. 25.—Hogs—Market, 10c off; 200-225 lbs., $5.30: 225-250 lbs., $5.15. 210-275 lbs.. $5.05: 275-300 lbs.. $4.90, 300-350 lbs , $4.65: 160-200 lbs.. $5.20; 150160 lbs., $4.80: 140-150 lbs. $4.55; 130-140 lbs.. $4.30; 100-130 lbs.. $3.75; roughs, $3.50; stags. $2.25. Calves—Market, 50c off at $7; lambs. $7. Cattle—Steady. CLEVVELAND. Sept.. 25.—Butter—Market, steadv; extras. 27c lb., in tubs; standards. 25c. Eggs—Marekt. steadv: extras. 25c dozen; extra firsts. 18c; current receipts. 17c. Poultry—Market, steadv: hennery colored fowls. 4% lbs . and up, 14c: meium colored fowls. 12c; Leghorn fowls. 3% lbs. and up. 10c; Leghorn fowls, 8c; Leghorn springers. 12c: heavy colored springers. 13c; edium colored springers. 13c; rock springers, heavv. 15c: ducks. 5 lbs. and up, 11c: ducks’ colored and light, 8c; old roosters. 9c: turkeys. 20c. Potatoes—Maine green mountains and cobblers. s2® 2.15 per 100 lbs., sack: Ohio round whites. s2® 2.10 per 100 ib sacks: New Jersey mostly 52.10 per 100-lb. sack. TOLEDO. Sept. 25.—Hogs—Receipts. 200: market. 15c lower: heavy Yorkers. $5.30: bulk of sales. $5,255.30; pigs and lights. $3,504; medium and heavies. $4,255.25; roghs. $363.50. CCattle—Receipts. 100: market, steadv: good to prime steers. s6®. 6.25' fair to choice cows. $303 25: fair to good bulls. [email protected]: fair to choice heifers $505.50: good to choice Stockers, s4® 5. Calves— Receipts. light: market, steadv. Sheep ar.d lambs—Receipts, light; market, steady. CINCINNATI, Sept. 25.—Hogs—Receipts. 6,500 head; 1.927 head direct and through, 1 118 government pigs 50 head held over; mostly 10c lower; butchers 270 lbs., up off more; packing sows unchanged: top and bulk 160-270 lbs.. $5,50; a few weightier butchers mainly, SSO 5.40; 1300-160 lbs.. $4 05; good packing sows. $3 [email protected]. Cattle —Receipts. 2.400 head. Calves 250 head, slow, general market weak to a shade lower; safes ar.d bids on in between kinds of steers and heifers 25®50c lower: early sales steers and heifers mostly, S3 50 ®6; some choice vearlings held above, $6.25; beef cows bulked. S2 25®3; low cutters and cutters. [email protected]. bulls, $2 5803 40; calves 50c lower than best time Friday or steady with that day’s late trade; good to choice vealers. 56.5037.50; plainer kinds from $8 down. Sheep—Receipts. 1 000 head: better kinds of lambs steady: mostly, $7 0 7.50: plainer a shade lower, medium mostly, Ss@6: common, $43 5: culls down to $3 and below; fat aged ewes. $lO2.

General House Util.... 18% 18% 18% Great Lakes Aircraft % Grigsby-Grunow 2% Iron Fireman 6% Lynch Corp 36 35% 36 Sears Roebuck 43 42% 43 Swift ACo 17% 17% 17% Thompson JR 8% 8% 8-a Walgreen Cos com 17% IT 1 * I<% Ward Montgomery A 63 BREAD CHEAPER HERE THAN IN 48 U. S, CITIES Indanapolis Prices Lowest Among Those Asked in Largest Towns. Average bread prices in Indianapolis on Aug. 29 were the lowest of any of forty-nine of the largest cities in the country, according to Dr. Fred C. Howe. Agricultural Adjustment Administration consumer's counsel. Dr. Howe, at Washington today, proposed a movement for standardization of bread quality, pointing out that in many cities change has been made in weights of loaves since the flour processing tax became effective. “Probably there have also been changes in bread formulas,” he added, intimating that bakers in some cities may have increased the price by lowering quality. Average bread price here Aug. 29. Dr. Howe reported, was 6.6 cents a pound, compared with 4.8 cents Feb. 15. Prices ranged up to 9.2 cents in Scranton, Pa., with no other city equaling Indianapolis’ low average. Local bakers, when questioned about the statement, said retail bread prices here are 7 cents, but added that lower prices charged by some chain stores may bring the average down to 6.6 cents a pound. UNIONIZE, PLEA TO CITY CROUP Hosiery Workers Told New Era Will Come From Organization. Collective bargaining will mean a new era for labor, Charles Butler, Ft. Wayne, organizer, declared at a meeting of several hundred hosiery workers Saturday, held to proter* conditions in local mills. Unionizing of 40,000 workers in the industry throughout the nation will give the employes control of the wage situation, he said, in urging the workers to unionize. Butler attacked company unions. He traced the history of cheap labor, blaming competition with cheap labor in the south for hosiery mill wage slashes. The group also addressed by Fred Galloway, state representative, who predicted that thirty days after local workers organize, they would receive higher wages. He urged the workers to buy union-made goods. The meeting was held at Amalgamated hall, 168 West Ninth street. CITY MAN OPPOSED AS BARBER BOARD MEMBER Frank McKamey Assailed by Letters and Suit Is Lacking Experience. Letter protesting appointment of Frank McKamey, Indianapolis, as secretary and member of i the Indiana state barbers board, has been sent to Governor Paul V. McNutt by Walter E. Bugher, Lafayette, secre-tary-treasurer of the United Master Barbers Association of Indiana. Mr. Bugher wrote that Mr. McKamey is not. qualified for the post because he has not been a practical barber at least five years. The association indorsed filing of a suit in Marion circuit court by Lester G. Nagley, Indianapolis, seeking to enjoin Mr. McKamey from serving on the board, holding up his salary checks, and impounding license fees collected by the present board.

September 25^ 1793="Felicia !>• HemßJiS, English poetess bom m3-Balboa discovers the Pacific Ocean. 195 V Travelers returning Prom I 'Orient discover it I is not pacific.

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 5491 Indianapolis New York Pittsburgh Chicago I MEMBERS: New York Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Curb Exchange Chicago Board of Trade N£w York Produce Exchange Chicago Stock Exchange Commodity Exchange, Inc., N. Y. New York Coffee and Sugar Exchange Co-Managers James T. Hamill Kenneth K. Woolling

PAGE 13

HEAVY SALES FORCE WHEAT PRICES LOWER Grain Futures in Position to Respond Readily to News. BY HARMAN W. NICHOLS United Prtss Staff Corrrsoondent CHICAGO. Sept 25. Wheat dropped 2 cents at the opening today. the exhibition of stability Saturday apparently having little or no effect at the start. Com followed in the track of wheat and was down l’S to cents, while oats dropped \ to 1 cent. Rye was off 1% cents. Brokers expressed themselves as of the opinion that wheat would meet good suoport on the recession and that grain is in a position to respond readily to new developments, particularly from Washington. In view of the unsettled political and economic trends, it was suggested today that the factor of supply and demand would have to be disregarded in the wheat situation for the time being. The American price at present, it was pointed out, is above the world parity for wheat. Liverpool is a little higher than expected. Announcement that the government is .’onsidering the suggestion of the rational hog and corn committee to curtail the corn production for 1934 was viewed as favorable to the corn market. The undertone in oats remains strong, with considerable free marketing of this grain. Chicago Primary Receipts 3ept. 23 Bushels. . Today. Last Wk. Wheat 853.000 1,091,000 £ 0! " n .1.173.000 719,000 ° a “ s 365,000 333,000 Chicago Futures Range WHEAT— ~~ SPDt ' 25 ~ Prev Hizh. Low. 10:30 close! December .. .SO 3 * 89% go 95% M CORN- "• 94 ’* • 033< 94J " December .51% 50% .51 52% May 57% .57 .57% .59% OATS— December 40% 39% .39% .40% May 43% .42% .43 44% RYE— December 71% .70% .70% .71% May 77% .77 .77% 77% BARLEY— December 59 59 May 64% 64 .64% .64 CHICAGO CASH GRAIN By United Preen CHICAGO, Sept 23 —Cash grain close: Wheat—No. 1 hard. 89%c; No. 2 hard, 89%@89%c; No. 5 hard, 84c; No. 5 yellow hard. 87%c; No. 2 hard, weevlly, 88c. Corn—No. 2 mixed, 47%c; No. 3 mixed, 47c: No. 4 mixed. 46c: No. 2 yellow, 48® 48%c; No. 3 yellow, 47®47%c; No. 5 yellow. 43c: No. 6 yellow, 41%®42%c; No. 2 white. 49%®49%c; No. 3 white, 48%c; sample erade, 32c. Oats—No. 2 white. 36%@37%c; No. 3 white, 35%®36%c: sample grade 32%c. Rye—No sale. Timothy —55.25 0 5.50. Barley—46@Boc. Cloverseed —sß@lo. Cash Provisions—Lard, $5.82; loose. $5.12: leaf. $5. D. S bellies. TOLEDO CASH GRAIN By United Preen TOLEDO, Sept. 23—Grain close; grain in elevators, transit billing: Wheat—No. 2 red, 89%®90%0: No. i red, 101%c premium Corn—No. 2 yellow, 52%@> 53%c Oats—No. 2 white. 40®41c RyeNo. 2. 75076 c. Track prices 28%c rate: Wheat—No. 1 red, 85% 086%c: No. 2 red, 84%@85%C. Corn—No. 2 yellow, 48%® 49%c; No. 3 vellow, 47%®48‘ 2 c. Oots— No. 2 white. 37@38%c: No. 3 white. 35%® 37%c. Seed close: Clover —Cash, $6 50; Oct.. $6.60; Dec . $6 758. Alslke—Cash. $8.10: Dec., 58.358. Produce close: Butter —Fancy creamery, 27c. ST. LOOTS CASH GRAIN By United Prenn ST LOUIS. Sent. 23.—Cash grain close: Wheat—ln fair demand. 2@3c higher: No. 2 red. 90c; No. 3 red. 88c: No. 4 red. 88%c; No. 5 red garlicky. 84%c: No. 1 hard, 89%c. Corn—ln good demand. %®l%c higher: No. 4 mixed. 47c: No. 6 mixed, 43c: No. 2 yellow. 48c: No 3 vellow 47c; No. 5 vellow, 46%c; No. 3 white. 49 0 50c. Oats—ln slow demand, nominally %@lo higher; No. 2 mixed. 35c. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 78 cent* for No. 2 sort rea wheat. Other grades on their merits.

In the Cotton Markets

—Sept. 23 Chicago High Low Close January 10.62 10.35 10.39 March 10.64 10.52 10,53 Mav 10.90 10.78 10.79 October , 10.25 9.96 10.05 December 10.52 10.24 10,29 New York January 10.53 10.25 10.28 March 10.83 10.37 10.43 May . , 10.92 10.59 10.59 July 11.15 10 77 10.85 October 10.08 9.89 10.06 December 10 40 10 14 10.19 New Orleans January 10.53 10.22 10.21 March ' 10.70 10.40 10.40 Mav 10 83 10,59 10 59 July 11,07 10 78 10.78 December 10.45 10.12 10.16

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 Coke (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.

BUY YOUR FROM 30TH & CENTRAL SALES TA. 5550

LOSTPower and Speed if your carburetor needs attention— Service by Experts Costs No Mora CARBURETOR RALES AND SERVICE 214 E. Ohio St. LI-4950.