Indianapolis Times, Volume 45, Number 119, Indianapolis, Marion County, 27 September 1933 — Page 13

SEPT. 27, 1933

Success of Roosevelt Cotton Plan Depends on Follow Through—Consumption Big Factor. U By RALPH HENDF.RSHOT Tim*. Special Financial Writer The keynote of President Roosevelt’s new plan to raise the price of cotton is that portion dealing with a further reduction of 40 per cent in the acreage growers will plant next season. The placing of a governmental loan value of 10 cents a pound on the fraction of this year's crop •till in the hand? of farmers Is likely to be largely discounted as a market Influence. Next to the acreage reduction plan, the opening of the Russian market for the staple product of the south, through recognition of the Soviet government and extension of credit to the country, probably would

prove most beneficial to cotton prices. Establishment of a fixed loan value above the spot market price recalls unpleasantly to mind the initial moves of the federal farm board of the Hoover administration. In that experiment the fixed loan value developed later into futures market operations to bolster the loans and went on to pegged market prices and eventual debacle. a a a Consumption of Lint Declined The reason for the federal farm board's failure, stripped of technicalities, was that consumption of lint declined sharply. The old law of supply and demand, while subject to a measure of alteration and manipulation, could ijot be set aside altogether. A bale of cotton with a loan on it Is still a bale of cotton with all the material potentialities it possessed before the loan was allowed. Furthermore, mere movement of the bale from one warehouse to another, shifting of ownership and other evidences of trade,

' —'

Ralph Hendershot

still leave the weight of the bale overhanging the price situation. One has to burn, throw into the ocean or spin and use the bale to get it completely off the market. a a a May Withhold Lint from Market The 10-cent loan value will, of course, support farmers in any intentions they mav have to withhold cotton. Naturally, the growers will not offer for outright sale lint at prices below the sum they can get as a loan on it from the AAA Any withholding movement that became general would temporarily shorten the available supply and therefore tend to improve demand cotton prices, but in the long run the withheld cotton would have to come out oi hiding and the futures market prices would be under the influence of that eventuality. The acreage reduction feature of the President's plan, however, is unequivocally constructive pricewise. Whacking 40 per cent off acreage would bring next season's planting down to around 20,000.000 to 25,000,000 acres, mnd if the crop should revert to the ten-year acreage yield of 155 pounds an acre a crop of only 6.000,000 or 7,000,000 bales, or about half of current yearly consumption, would result.

New York Stocks '(By Abbott. Hoppin 8s Cos i

—Sent. 27 Oils— Prev High. Low. 10:30 close. AU Rtn - * i BarnsUU 9V ® ® ,5, Cont ot Del 17 l*a !*• l*> Houson mew 5 * Houston ri,* Mid Cont Pet 13 }?{• Ohio Oil Phillfp°s rU Pet Ib 3 15. 15*. 15'. Ibd'oii 1 :::::::: *5 i>* Shell Union - ••• Soc Vac 2V * if,; s o oi 5i,; it BofN* J 40’. '4o*. 40*4 J2 J * Wun 041 26’. Texas Corn f,," Tidewater Assn 11 * if * Un Oil of Cal ■“ Am 801 l Mills I?* 4 *?. Beth Steel 3:1 " 22 ,* Byers A g, 4 Col Puel * Iron .. ••• Cruc Steel rj 2 Inland Steel f? 3 Ludlum Steel .... ••• •** i. McKeesport Tin J,. Natl Bteel u Bep Iron & Steel.. .. - ls i2, Rep Ir & Btl ofd . . • ■ u S Smelt 88'2 881. 88 4 81 . Vanadium Ts-r. Midland ...-■ 153; SlfiSß :• g:| u s Steel pfd . . Sf ,* Youngstn Rail.— cqi,. Atchison 35 a J Attest Line 2 9 2 'a J 5* p ac ' " ... 14 13*. Can rac • • 193 42 v Ch Si Ohio 42 * 42 ' Chi St Ot W 3 * --j, cM& 8* P Pfd io 9’. ’ ®;; g&Vft-:::::: ::: ::: ?i,. OH* Northern... 21’. 21 21 21 111 Central 31' 31 31 fi 4 Lou & Nash • • • 44 ,* 91 MK & T 10 9 * 9 * ? T ‘ Mo Pac grj N Y Cht Si St L N Y C A St L pf “ N Y New Haven Ji . Norfolk * ">s 14 J 4 Nor Pac g; i. Penn R R 2 ‘, Si. Sou Pac •• •••, rL* ;2,: Sou R R ... 26'* 2 *’ 3 26 * Sou R R pfd ;jo, ,t 4 Union Pac 113 4 “i, Wabash W Maryland ',lot, — . 7 , 4 - 3< Auburn ......... * ■ 1 4 o - Chrvsler ,5 29’. Gen Motors 3 ° 7 Graham Mot 3 * ... Hudson 4 3 j 4 H'tion - 33*^ M* o * Truck 20 j 4 20 ’ a Packard 2,* 3 , Rf*o **• * 5 Btud*baker i 5 , Yellow Truck 5 34 Motor Aceea. ■ 15 . 4 15*. Bendlx qo, 391. Bohn Alum TVj 2 151, Berg Warner 13 4 fg 2 Bud** Wheel *5. s>. s' J S Eaton Mfg . j., lg Eec Auto Lite 1 31 Houd 5 I "‘ns Mfg ••• c j • Warner 2 7*. . aska Jun ■■ ~ 441. nm Smelt 44£ 44 Anaconda 16** 10 * SJiro* 1> Pasco 3* 35’, '33 2 s ;. g[ ,n N b o'r ore . 12 '- 3^‘ 3 Homestake Mm . jav. 29 Howe Sound 5, s Ins Cooper 20 W’s fnt Nickel 2!4 2 lsl Crf<^. C ron 4 2’. 22 '22 21"s Kennecott COP - * 341 j 35 , 4 ::: is i®*- 165 * Tooaeeos — jpi 2 aS A ::: ::: !" ss Tobacco B . ■■■ 86', 87>, BSfiW B; :: ?'* !??: &!*/,“roi. *::: > • w ' 2 Eaniamen* 4 471. WcHvS:::: ::: ::: aS M*ch AWT Am Steel Tdv f* * Bald Loco "544 14 5 4 15 Burroughs 14 l4 ** 4 m i 4 . Case J 7 **’ *2O 27's k Cater Tract 21 f 5 Ncol Palm Peet Sec St or Ba t 43 , • poster Wheele. 3 i, 2 ben Am Tk ear 3^. fna n sof iSf Bus Mach 144 * lS Harvester 38 ? . s:’,r n Ch Reg*.. •■!**•i*. -1 H fJ r V A Gamble Pullman Inc ••• 30'. Und fg 2 West Air B 3-, Westingh Klecv 3. 36 , 36 . 3. . Worthtng'n aTTSSTw •' A *. L I22S 122 V. i J2 s 4 122*: Am Wat 21 Brook Un Gas ®J, 2 ?ol Gas * Elec. . ••• 1 • 13 Com * Sou .... 3S 2*, 2 . 2*. Consol Gas .. . 41, 41 41 41 . wiec Pwr * L • * K P A L pfd 13’ ' IntT r.*x T EA 17>: ?A*ui:::: ::: jj*. SST h o:::::: ::: : :: ::: United*Corp .. . 6', ** •* *’ Un Gas Imp lf. IJ'a ft* pwr dr Lit A •♦ • 3 • Western Union . 58 V. 57’. 57*4 59 Rubber*— pirestone * 4 * Goodrich •• • „ ‘4, Goodvear 36*4 3‘, 36’ 33 U 8 Rubber ... Kel Spring . 4 * Aasaa* ■**■'■ — ... OMdg adlo 9 , Pox rtlm 1’ 16* S Loews Inc *!'• Radio Corp 7. RKO , J Warner Bros 7*2 Feeds — Am Bug *3 Armour A ■■ 4H 4H F—trice Cr*m .. ... 13 13*,

Wall Street

Borden Prod ... 2323*, Cal Packing ... 24 Can Dry G Ale 31 30’< 30’. 30> Coca Cola 87',< 87 87 Cont Bak A ... ... 13 Corn Prod 87V 87‘a Crm of Wheat .... ... 30 30'2 Gen Foods ... 35 l 35 ■ Gold Dust 20'4 20 1 8 20V B 20 v g G W Sugar ... ... 39', Hershey 50 Int Sait 23', Loose Wiles ... ...33 3 Natl Biscuit ... 52’e 51*4 51’< 52*, Natl D Prod ... ... 15 Pet Milk 12*2 Purity Bak 17 S Porto Rico Sug 40Vi 40' B 40'4 41 Std Brands ... 24 5 B ... United Fruit ... 60' B 60 Wrigley . . ... ... 52 Retail Stores— Asso Dry Goods. .. 15"* | Best & Cos 27"'$ Gimbel Bros 4’s Gr Un Tea .... 6*g Hahn Dent Sts 5 Jewel T>'a ... 34 vs Kreske S S ... 12>i 12', Kroger Groc ... 23 23'8 .Macy R H ... 56 May Dent St; 30 31 Mont Ward 21 * a 21 3 8 Penny J C ... ... 47 Safeway St ... ... 44 Sears Roebuck 39*4 40'a Woolworth .... .. ... 38 1 38 3 a Aviation— Aviation Corn.... ... 9'e 9'“i Douc'ass Air 14 Curtiss Wright 2’ 2* B Curtiss Wright A .. ... 5' 4 2 3 3 Nor Am Av. . ... 6 6 United Aircraft .. ... 31 T 8 31’a Chemicals— Air Reduction 109’i Allied Chem ... 136 136 Am Com Alcohol 58 ’57 3 /4 58 58'i Col Carbon. 54*2 5 1 54 54 5 s Com Solvents. . 35*4 85 35 35*2 Dupont 76 75*8 76 75^0 Freeport Tex. 42*4 41 3 4 41 3 4 43's Liauid Carb ... ... 28*, Math Alkali. 40 Ten Gulf Sulph 36*4 36*2 3637’s Union Carbide.. . . . 43 43 U S Indus Alcoh 67*8 67*2 67* 2 67', Net Distil 97'2 96 3 /4 97*4 96 3 4 Drugs— Coty Inc 4‘<2 4*/, Lambert 31 Zonite Prod ‘s 6 Financial— Adams Exp B*n 9 Allegheny Corp 4% 4' 2 Chesa Corp 41 3 B Transamerica .. 6*4 6‘* 6' B 6' t Tr Conti Corp 5‘2 s* Building— Am Radiator ... 13’8 13 3 4 IS’b 13*a Gen Asphalt ... 17 17 : 2 Int Cement ...... ... . . 29 Johns Manville. . 49'j Libbv Owens Ols 28’4 28> 28'a 28' a Otis Kiev 14*4 14=4 Ulen Const ... 2 Miscellaneous— Am Bank Note 15 7 a Am Can 89 88'i 89 90 Anchor Cap ... 23 Brklyn Man Tr. .. ... 33'2 Conti Can. . ... ... 65 65'* Eastman Kodak ... ... 83 Owens Bottle ... ... 85' = Gillette 14 13% 13 T 4 13 3 4 Gltdden ••• 15'4 Gotham Silk ... ... 9'4 Indus Rayon ... 68 67 67 69 Inter Rapid Tr.. 9’a 9 3 9 3 * 10 New York Curb (By Abbott. Hoppin & Cos.) Sept. 28Close. close. Alum Cos of Am 68 Lake Shore Mi. 46'2 Am C P A- L B 2*B lone Star Gas.. 7'a Am Cvan B . n" Mount Prod 4' 2 Am Gas <Sr El.. 24’, Natl Bellas Hess 2'2 Am Sup Pwr . 3'b Niag Hud Pwr.. 7' 4 Ark Ntl Pwr A. 1'; Pan A Airways jl'2 Asso Gas A .. 1 Parker Rstprf.. 55 5 , Atias Ut Crp.. 12'4pennroad 3'a Can Marconi.. 3'a Pioneer Old Ml 11'* Cent Sts E 1... 1% St Regis Paper. 4 Cities Serv .... 2‘j Salt Creek Prod 6's Com Edison ... 43 Std Oil of Ind.. 30’ 4 Cord 9*4 Std Oil of Ky.. 16’a El Bnd A- Sh... 17’a Stutz 7*2 Ford o: Eng... E 3 a Un Founders .. l's Ford Mot Can.. 12* 4 United Gas .... 3'a Hud Bay Min.. 10 Un Lt A- Pwr A 3’a imperial 0i1... ’3', United Verde . 3’ 4 Irving Airchute * :l 4 Util Pwr A- Lt.. 1 3 4 Inti Ptrol 19'a Wr Hargraves.. 7 3 4 Liberty Bonds By I nitrd Prc* NEW YOP.K. Sept. 28—Closing Liberty bonds 'Decimals represent thirty-seconds.> Libert, 3'iS 432-471 102.12 Liberty first 4*,s 132-47 102.22 Liberty fourth 4's 133-38) 102.28 Treasury 4' 4 s <47-52* 110.13 Treasury 4s <44-54• ... 106.11 Treasury 3’ 4 s '46-56i 104 20 Treasury 3*s 43-47i 101.22 Treasury 3’as • 41-43 * March 101.25 Treasury 3 s 140-43' June 101.26 Treasury 3'as 146-491 100 Treasury 3s 51-55' 98.26 Treasury 3' 4 s t4li 101.9 Investment Trust Shares ißv Abbott. Hoppin Si Cos.) —Sept. 26 Bid Ask. Amer Bank Stocks Corp 90 1.00 American A General Sec A.. 550 6.50 ; Basic Industry shares 337 3.42 British Type Inv Tr shares . 55 .65 Collateral Trustee shares A . 4.75 5.12 i Corporate Trust shares old . 222 226 : Corporate Trust shares inewi 236 2 40 : Cumulative Trust shares 4 18 4.22 | Diversified Trust shares A 6 25 D.versified Trust shares B ... 7.75 800 Diversified Trust shares C... 3.12 3 18 Diversified Trust shares D . 5 00 5 15 First Insurance Srcck Corp.. 140 150 First Common Stock Corp. .. 1,00 1.15 : F.xed Trust Oil shares A 850 I F.xed Trust Oil shares B 7.27 I Investors Inc 17 50 17.87 ; Lew Priced shares 6.22 Mass Inv Trust shares 18 00 19 62 (Nation Wide Securities 3.34 North Amer Trust shar 's3' 185 ! North Amer Trust shar 155-56' 2 41 2.46 Petroleum Trust shares A. ..11.00 14.00 Selected Amer shares 2 70 Selected Cumulative shares.. 6.75 690 Selected Income shares 3 65 3.75 Std Amer Trust shar A 2 98 3.02 Trust Shar of America 290 300 Trustee Std Oil A 545 5.65 Trustee Std Oil B 4 88 4.98 U S Electric Lt A- Pw A .11.75 12 00 Universal Trust shares . 3.90 308 CHICAGO FRUIT MARKET 8 11 T nitrti Pri-t* CHICAGO. Sept 27 —Apples— Michigan 1 Weaith’.es bushel. 85c*i$l; Michigan Jonathan bushel, t1.254i1.35 Pears—M:chifan. 75<; 85c 'Keifer'. Carrots—lllinois. fiS'jC Eggplants Spinash— Michigan. 60C.151 Beans -Illinois green, tli 125 Cabbage—Wisconsin. fl*il2s Peppers—lllinois bushel, j 45 . <6oc. Celery—m ichi g 1 n. 25 si 40c: squares. 254; 75c Corn—lllinois. 25c: Wis--1 consin. 25c Tomstoes—Michigan 20i35c. , Grapes—Michigr.n 12-quart, 22V, 23c. Onion I marltct—California. Valencias bushel. .tl 05s, MS; Wisconsin yellows oushel. I 82'2<i676*2c: Indiana yellows, 62‘a'S67Vac; Illinois yeli ws bushel. 62'2@67*ac.

STOCKS DISPLAY UNEVEN TONE IN NARROW RANGE Business News Mixed With Steel Showing on Upgrade, Average Stock Prices Average of thirtv industrials for Tuesday. high 100.23, low 86.84. last 97.41. Off 62 Average of twenty rails 44 08, 42 75. 43 11 off 40. Average of twenty utilities 26 78 25 87, 25 98. off .27. Average of forty bonds 84 44. off .11. Average of ten first 90.01. off .16. Average of ten second rails 70 05, off 07. Average of ten utilities 92.61. off .19. Average of ten industrials 85 10, off .02. BY ELMER C. WALZER United Prrss Financial Editor NEW YORK, Sept. 27.—Stocks , opened irregular in a narrow range i with dealings slightly more active j than in the previous session. The ] dollar was slightly firmer. | Business news was mixed. Steel appeared better, according to the | Iron Age. Steel operations for the country were placed at 41 per cent of capacity, the same as a fortnight ago, and down 2 points from the previous week. Electricity output made a poorer showing as compared with 1932 than the preceding week, although the Rocky Mountain area, the Pacific coast, and the southern states sec- j tions were better. U. S. Smelting, hard pressed Tuesday after the declaration of an extra dividend of 50 cents a share and a highly favorable earnings report, rallied a point to 88%. Utilities still were depressed, but losses were confined to fractions. Oils were firmer as the oil production figures showed the country’s output coming into line with the quota worked out under the oil code Coppers made small gains as did wet stocks. Mail order shares eased slightly while other mercantile divisions held firm. U. S. Steel opened at 48%, off %, and was dull in the early dealings at the previous close. American Telephone rose to 122% after opening at 122%, off Vi. Bank Clearings INDIANAPOLIS STATEMENT —Sept. 27Clearings $1,456,000.00 Debits 3,813,600.00 TREASURY STATEMENT —Sept. 27Net balance for Sept. 25. $1,175,767,159 04 Int. rev. rects. for day . 4.305.868.45 Customs rects. mo. to date 27,064,014.73 Foreign Exchange By James T. Hamill ft Cos. ■ —Sept. 26Close Sterling, England $4.74 Franc, France 0596 Lira. Italy 0820% Franc, Belgium 2126 Mark. Germany 3650 Guilder, Holland 6148 Peseta, Spain 1276 Krone, Norway 2385 Krone, Denmark 2120 Federal Farm Loan Bonds (By Blyth ft Cos., Inc.) —Sept. 26 Bid. Ask. 4s Nov. 1. 1957-37 87 87% 4s May 1, 1958-38 87 87% 4%s July 1, 1956-36 88 83% 4%s Jan. 1. 1957-37 88 88% 4%s May 1, 1957-37 88 88% 4%s Nov. 1. 1958-38 88 88% 4%s Dec. 1, 1933-32 100% 101% 4%s May 1, 1942-32 93 93% 4%s Jan. 1, 1943-33 93 93% 4%s Jan. 1, 1953-33 91 91% 4%s Jan. 1. 1955-35 91 91% 4%s Julv 1. 1933-33 91 91% 4%s July 1. 1955-35 91 91% 4%s Jari. 1, 1956-36 91 91% 4%s July 1, 1953-33 93 93% 4%s Jari. 1. 1954-34 93 93% 4%s Julv 1, 1954-34 93 ,93% 5s May 1, 1941-31 98% *99% 5s Nov. 1, 1941-31 89% 98% Home loan 4s, July 1, 1951 . 85 86 Daily Price Index ZJ?/ Unit, <1 Prrss NEW YORK, Sept. 26.—Dun ft Bradstreet's daily weighted price index of 30 basic commodities, compiled lor the United (1930-2932 Average. 100) Today 102.60 Monday 102.82 \V r eek ago 104.37 Month ago 102.08 Year ago 79.88 1933 High l July 18) 113.52 1933 Low (Jan. 20 1 67.86 (Copyright, 1933, by Dun & Bradstreet. Inc.)

HORIZONTAL An*jvcr to Previous Puzzle 20 South 1 Who Is the r—l rrfaV-rlLJiirlpl i ! n l M ! FlSI Fol Americ* man in the 7, r EB : ImIA T Mf?N 24 AnS ' e ' picture 7 T I Op 2 5 Narrow. 9 Ovpsy ' I|kD 10 Male child. — l s 28 BlaCk brCa^ 12 Structural "MotuCD" 29 N'ayunjt MuTHER 30 Glandular 14 Pound. IIISjvWF,- 1(11 ES IBiStSlr enlargements. 15 Toward. JWtD LjJ 31 "The” In IS Ifi Dve. eis AM . -.-g E- French. 17 Honorable. Mp|A,taBBUA.E)!Q!P 32 Sick. 19 To follow. fi iLjUBfCjML OBM^WDjk 833 Cause. 21 Demure. Q ALM 1 N E. 35 And. 22 Circle part ISAVOavIIBI IS ' 38 Exists 23 Upon ' J 40 " west 26 Preposition. ma “ young man." 27 He gained as a <6 Dolt (Most famous national fame note. 7 Half an em. phrase of in the U S. A. 84 £ ish ' He helped pictured man ) as a 56 Cassocks. nominate 42 ExclamaU on. . 5S Pronoun. as presidential 4 , x zrzz. - 37 SuddVn Ia 60 He fO J“ h d ,JJ f 8 11 The pictured 46 Wayside hotel. -■ssr ~ pf d V sr. 41 Dr ip S circulated. for the office 51 Parson bf-(L 44 Constellation. P of president 52 Spigot. Lion. VERTICAL but was not 53 Pine trce . 45 Cuckoa 2 Either. 55 Type measure. 47 To hasten. 3 Scroli. 13 A Ceylon free. 56 Senior. 49 Dad. 4 Resin. 16 Emanation. 57 South Africa. 51 The pictured 6 Compound IS Per. 58 Pronoun. . Z~^— 7! J. K"P —■ UjJ U S3 dc dS "" ?4 55 rr j I

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The follownig 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. 26 Bid. Ask. Belt Rail & Stock Yards com 28 33 Belt Rail it Stock Yards, pfd 45 50 Cent Ind Pwr pfd 7% 8 11 Citizens Gas Cos pfd 59i 63 6i Citizens Gas com 16 19 Horae T A* T Ft Wayne Did 7% 36 40 Ir.d ft Mich Elec Cos pfd... 67 71 Ind Gen Service Cos pfd 6%.. 64 68 Ind Hydro Elec Cos 772 22 26 Indpls Gas Cos com 40 44 Indpls Pwr Lt pfd 6% 50 54 Indpls Pwr & Lit pfd 6%%.. 54 58 Indpls Water 5 r r pfd 89 93 No Ind Pub Serv Cos Pfd 6% 22 26 No Ind Pub Serv Cos wfd 5%72 21 2a No Ind Pub Ser Cos pfd 772 25 2? Public Serv Cos of Ind pfd 7% 21 2a South Ind Gas & El pfd 6%.. 56 60 Terre Haute Elec pfd 6%,.. 21 2a BONDS Citizens Gas Cos 5s 1942 86 90 Home T & W 5%s 1955 97 100 Home T & T W 6s 1943... 98 lu2 Indpls Gas Cos 5s 1952 74 77 Indpls Rvs Inc 1967 30 S3 Indpls Water Cos s'is 1940.. 93 101 Indpls Water Cos as 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 Lafayette Tel Cos 5s 1957 83 *7 Muncie Water Works 5s 1939.. 94 98 Richmond Water Works 1957 85 89 Terre Haute Wat Wks 5s 19a6 83 87 Terre Haute Wat Wk 6s 1940.. 95 99 Traction Terminal Cos 5s 1957. 45 49 Bright Spots By United Press New York Telephone company earns August net income of $2,799.141 against $1,943,856 in August last year. Norfolk and Southern railway reports August net income of $3,120,024 against 51,272,316 in August 1932. U. S. Smelting.. Refining and Mining company declares extra dividend of 50 cents a share; company reports net income for first eight months of 1933 of $2,504,039 against $1,163,596 in like 1932 period. Missouri Pacific railroad reports August net income of $855,682 against $693,925 in August 1932. Southern Railway company earns August net income of $1,423,333. against $157,327 in like month last year. Universal Leaf Tobacco company reports net profit for year ended June 30 of $1,630,993 against $861,851 in previous fiscal year. Dun and Bradstreet Inc. reports business failures last week numbered 259, against 529 in like 1932 week. Produce Markets Delivered in Indianapolis prices—Hens, 10c; leghorn hens. 7c: springers, 4Vi lbs. and over, 11c; under 4% lbs., 9c; Leghorn springers. 7c; cocks 5 lbs. and up. 6c; under 5 lbs., 4c; ducks 5 lbs. and over, full feathered* and fat. 6c; under 5 lbs.. 4c: geese full feathered and fat, 4c; No. 1 strictly fresh country run eggs, 18c: strictly rots off; each full egg case must weigh 55 lbs. gross: a deduction of 10c a pound for each pound under 55 pounds will J>e made. Butter —No. 1. 25®26c; No. 2, 23c. Butterfat, 18c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO, Sept. 27.—Eggs Market, steady: ’eceipts. 4,892 cases; extra firsts 17%c: dirties, 12%c; current receipts, 14% fa 15%c. Butter-Receipts. 11,994; market unsettled; specials. 23%<g24c; extras. 23c; extra firsts. 20',®21%c: firsts, 17%®18%c; seconds, 16' 2 ® 17c; standards, 21c. Poultry —Market unsettled, %c lower to % higher; receipts 32 trucks. 2 cars: fowls, 10@ll%c: Leghorn broilers, B’be; Leghorns, 7%c: ducks, 10c; geese. 9c; turkeys, 8® 9c: roosters, 6®7%c. Cheese—Twins, i 11") (a 12c: Longhorns, 12'4®12%c. Potatoes —Shipments. 687: arrivals, 68; on track, 375; supply liberal: demand and trading moderate: steady; Wisconsin Round Whites hollandale section, SI. 25 ft 1.35; sandland Ohios, 95c® $1.10; North Dakota, Minnesota, Red River Ohios. $1.25® 1.35; North Dakota Cobblers. $1.35® 1.40; Colorado McClures, $1.40® 1.50. scabby, 51.25® 1.30; Idaho Russets, $1.50®1.65; combination $1.30® 1.40; U. S. No. 2, $1.15; Washington Russets, No. 2, $1.25. In the Cotton Markets —Sept. 26 CHICAGO High. Low. Close. January •••• 10.34 10.20 10,20 March 10.55 10.37 10.41 Mav ...' 10.67 10.53 10.58 October 9-97 9.86 9.86 December 10.29 10.11 10.12 NEW YORK January 10.29 10.14 10.17 March 10.47 10.34 10.34 Mav 10.65 10.50 10.50 July 10.80 10.60 10.69 | October 9.94 9.79 9.79 I December 10.23 10.08 10.09 NEW ORLEANS January 10.25 10.16 10.12 March 10.43 10.30 10.31 Mav 10.60 10.47 10.47 July 10.72 10.64 10.64 October 9.88 9.73 9.77 December 10.18 10.03 10.05 NEW YORK RAW SUGAR FUTURES —Sept. 26High. Low'. Close. January 1-55 1.52 1.53 March 1.60 1.58 1.58 Mav 1.65 1.62 1.62 Julv 1 70 1.67 1.67 September 1.75 1.72 1.72 December 1.55 1.51 1.51

PORKER PRICES SHOW GAINS OF 10 HMSCENTS Little Done in Cattle Mart; Trend Is Weak to Lower. Hogs showed effects of a firm demand at the city yards this morning, prices moving up 10 to 15 cents over Tuesday's range. The bulk, 160 to 250 pounds, sold for $5.25 to 55.30; some held up to $5.35. Weights of 250 to 300 pounds brought $5 to $5.20; 300 pounds up, $4.70 to $4.90; 130 to 160 pounds, $4.50 to $5; 100 to 130 pounds, $3.75 to $4.25. Receipts were estimated at 9.000, including 5.000 government pigs. Holdovers were 174. Action in the cattle market was dull on all slaughter classes. The price trend was weak to lower. One load of heavy steers made the market at $6.35. Better lightweights were held above $6.50. Receipts were 1,600. Vealers were steady at $7 down. Calf receipts were 400. Considering quality and wet fleeces , sheep were fully steady. Bulk sales of ewes and wethers were made at $7 to $7.25. Bucks brought from $6.25 down. Culls and throwouts were available in a range from $3.50 to lower. Receipts were 800. Bids on hogs at Chicago were 5 cents higher, with good to choice 170 to 230 pound weights making the market at $5.15 to $5.30. Early top was $5.30. Receipts were 50,000, including 30,000 government * pigs. Directs were 9.000 and holdovers 3,000. Cattle and calves were steady to strong, with receipts of 10,000 and 2,000, respectively. Sheep were steady, with receipts of 7,000. HOGS Sept. Bulk. Top. Receipts. 20. $5.25® 5.30 $5.35 12.000 21. 5.40® 5.45 5.50 10,000 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 26. 5.15@ 5.20 5.25 12,000 27. 5.25® 5.30 5.35 9.000 Market higher. (140-160) Good and choice....s 4.75® 5.00 —Light Weights—-(l6o-1801 Good and choice... 5.25 (180-200) Good and choice. ... 5.30® 5.35 —Medium Weights—-(2oo-220) Good and choice... 5.30® 5.35 (220-250) Good and choice.... 5.25® 5.30 —Heavy Weights—-(2so-290) Good and choice.... 5.05® 5.20 (290-350) Good and choice... 4.80® 5.00 —Packing Sows—(3so down) Good 3.75® 4.00 (350-up) Good 3.60® 3.85 (All weights) medium 3.25® 3.60 —Slaughter Pigs—-(loo-130) Good and choice... 3.75® 4.25 CATTLE Receipts, 1,600: market, steady. (1.050-1,1001 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 3.00® 5.25 (750-900) 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 (beef) 3.00® 3.50 Cutter, common and medium.. 2.00® 3.00 VEALERS Receipts, 400; market, steady. Good and choice $ 6.50® 7.00 Medium 4.50® 6.50 Cull and common 3.00® 4.50 —Calves — (250-500) 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 (800-1,500) Good and choice 4.25® 5.25 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts. 800; market, steady. —Lambs—(9o lbs. down, good & choice $ 6.50® 7.50 (90 lbs. down) com and med. 3.50® 6.50 —Ewes— Good and choice 1.75® 2.75 Common and medium I.oo® 1.75

Other Livestock BY UNITED PRESS PITTSBURGH. Sept. 27.—Hogs—Receipts., 500: Including 15 government pigs: mostly 10c higher; tops $5.80 on deck of 190 pounders; bulk 160-220 lbs., $5.75; 220250 lbs.. 55.25W5.75: 250-300 lbs., $4,754,: 5.25; 128-145 lbs., packing sows, $3.504,4. Cattle —Receipts, 50; slow and steady; nothing of quality here; good beef steers quotable, $4,504, 5.25. Calves—Receipts, 100: steady; good and choice vealers, $7,504,8: common to medium, $44,7. Sheep—Receipts, 1,500; mostly steady; $7.50 for choice sorted 68-83-lb. lambs'; one deck early averaging 55 lbs., at $6.25; medium. $4(<i5.50; cull and common, $3414; bulk lambs. $6.50 down; wethers $3 down; ewes, $14)2.50. CLEVELAND, Sept. 27.—Cattle—Receipts, 300; market slow and dull; 750-1,100 lbs. steers. $6.50@7; good 550-900-lb. steers. $5.50i, 6.25: good 900-1,200 lbs.. $5.504,6.25; heifers, 600-1,000 lbs., $54/5.50; good cows, $3.254,3.75. Calves—Receipts. 200; market generally steady; choice to prime, $84)8.50; choice to good, $74)8; fair to good, $64, 7. Sheep—Receipts, 1,000; market slow with weaker undertone; spots are 25 cents lower; choice wethers, $2.50®3.25; medium to good, $1.50®2; choice ewes handy weight, s2® 3; choice spring lambs. s7® 7.10; good to choice, $6.50477.25. Hogs— Receipts. 7,500; receipts include 7.000 pigs for government sale; good hogs 10c higher at $5.60 top; all sold early; heavies, $5.254, 5.50; choice butchers, $5,254)5.60; light butchers, $5.60. EAST ST. LOUIS. Sept. 27.—Hogs—Receipts, 22,000, including 15,000 government pigs; market, mostly 10c higher; pigs opened steady: bulk 170-230 Ids., $5,254) 5.35; top. $5.40; little action on weightier hogs; 340 lbs., $4.40; 140-160 lbs., $4.754c 5.15: 110-130 lbs., [email protected]; sows mostly. $3.35®3.75. Cattle—Receipts, 3,200; calves, 1.000: market, opened steady on steers; mixed yearlings and heifers steady to strong; cows and bulls steady; vealers 50c higher; early steer sales confined to light weights at two cars of Oklahoma steers. $4: mixed yearlings and heifers largely. $4.5043/6.10; top heifers. $6.30; two cars Oklahoma heifers. $3.90: cows, $2,254)3; low cutters, [email protected]; sausage bulls, 52.25//, 2.85: good and choice vealers $6.75; slaughter steers. 5501.100 lbs., good and choice, $5,504)6.75; common and medium, $34)5.50; 1.100-1,500 ibs., choice. $64)6.75; good $5,254)6.25; medium. $3.75® 5.50. Sheep—Receipts, 1.500; market, few choice lambs to city butchers steady at $7: packers talking lower, generally asking fully steady with indications steady on throwouts and sheep; lambs, 90 lbs., down, good and choice s6® 7; common and medium. $3,504)6.25; yearling wethers, 90-110 lbs., good and choice, sl4/5; ewes, 90-150 lbs., good and choice, $1,504)2.75; all weights common and medium. sl@2. EAST BUFFALO. Sept. 27.—Hogs—On sale. 8.000: including 5.600 on government order; little done: most bids and scattered sales steady with Tuesday's average: bulk held 10c higher; few 170-220 lbs. sold at $5.65; mixed offerings. $5.354/5.50; few 145 ibs.. $5.25. Cattle—Receipts. 100: c-ows steady to weak: cutter grades. $1.60472.40: grass heifers unsold. Calves—Receipts. 100: vealers. unchanged: bulk better lots. $8; common and medium. $5.75® 6.75: common grass calves. 5347 4. Sheep—Receipts. 600: lambs, fairlv active, eenerallv 25c under Monday’s average: good to choice ewe and wether lambs. $7.50: meduim kinds. $6.50: throwouts. $5.50. FT. WAYNE. Sept. 27.—Hogs. 5c up; 200-225 lbs , $5.30. 225-250 lbs . *5.15: 250275 lbs.. $5.05. 275-300 Ibs.. $4.90 : 300350 lbs.. $4.65: 160-200 lbs.. $5.20: 150-160 lbs.. $4.80: 140-150 lbs., 54.55; 130-140 lbs. $4.30: 100-130 lbs., $3.75; roughs. $3.50: stags. $2.25. Calves. $7: lambs. 25c up at $7. By Times Special LOUISVILLE, Sept. 27.—Cattle—Receipts. 175: fresh receipts light, but still moderate carryover on hand; outlet continues restricted: market barelv steady at the week’s decline; common to medium grass steers and heifers salable. $2,754)3.75; common down to $2.50. and best fed offerings quotable to $5.50 or better: most beef cows. $2472 50; low cutters and cutters. 51.254) 1.75; most sausage bulls salable S2 50 down: bulk common to medium Stockers and feeders salable $2,504) 3.75: common feeders down to $2. Calves—Receipts. 150steadv: bulk better vealers. $54/5.50: strictly choice handvweights eligible higher: medium and lower grades. 54.50 down. Hogs—Receipts. 1.500: including around 800 Dies on government account: 10c higher. 180-235 lbs.. $5.45; 240-275 lbs., $4 90: 280 lbs. up. $4.75; 140-175 lbs.. *4.55: 135 ibs. down. $2 95: sows. $3.60: stags. *2 55. Sheen—R“ce:pts 250; steadv: bulk better lambs, s6® 6.50: choice eligible. $7: bucks, mostly So 4) 5.50: throwouts $3 504)4: fat ewes. $14)2; better grade stock ewes *6 3 7: choice eligible higher. Receipts Tuesday; Cattle. 273; calves 185; hoes. 1.853. and sheep. 362. Shipments Tuesday—Cattle. 127: sheep. 377. Hogs—Receipts: Tuesday included. 1,213 pigs on government account.

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

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

July au&ust sept. i to IT 4 JJ T (4 *1 S_ .0 <8 2S re ! ,m6pavpates j , Z— I 7 e 76 ! j 1 76 2 74, —■ —: | I 74 £ 72 if If * 71 : 71 o 70. — 1~ — T ~*~ 4t~ 70 i | 1 -1-=T =: = . I'lEttEy::—_4-4J_tl^—(bWft-U 65 1 ——j- 71 65 Ift I —| 1 —- L hk ,i 1 --M a—- - 60, : - - -L — ; H 60 r sßj +1 L 58 x 57 r -1 .. i' 1 — 57 M 56 1 ~56 5 55 | ; 55 : =^=:= = =t|

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.

Births Bovs Edward and Grace McCracken. 234 East Twelfth. „ , Ralph and Roberta Adams, Coleman hospital. Orville and Marguerite Robinson. Coleman hospital. ~ _ Grady and Beatrice Hinkle. 1041 North Sheffield. Girls Thomas and Lucy Kesterson. Coleman hospital. Marion and Verna Kinne, Coleman hospital. Charles and Margaret Mohr, Coleman hospital. Howard and Edna Watts, Coleman hospital. Daniel and Ellen McCarthy. 324 North Rural. Rose and Meridith Reynolds, 856 Udell. Deaths Ellen Coe. 54, 2622 Oxford, chronic bronchitis. _ Virginia Markle, 7, Riley hospital, lethargic encephalitis. Virginia Bell Davis. 69. 4742 Horey, acute cardiac dilatation. Sarah E. Allen, 79, 1333 Oakland, chronic myocarditis. ~ Frederick J. Perdue. 9 mos., Methodist hospital, whooping cough. Mvrtle Wilson. 45. city hospital, cholecystotomy. Catherine Eschenbach, 59. 1536 South Alabama, cerebral hemorrhage. Etta Yount, 69. Twenty-ninth and Ruckle, cerebral hemorrhage. George J. Kiesel. 60, 834 North Temple, arteriosclerosis. . _ . Imogene Utterback, 7 days, 2314 Paris, nonclosure of foramen ovale. Jennie Helmuth. 59. 221 North Jefferson, sarcoma. Other Livestock BY UNITED PRESS CHICAGO. Sept. 27.—Hogs—Receipts. 50,000; including 30,000 government; directs 9.000; holdovers. 3.000: active and steadv to 5 cents higher; 170-220 lbs.. $5.15 hi 5.25: top. $5.25; 240-300 lbs.. $4.50® b. 15; light lights. $5®.5.25; comer Val pigs. $4.75 down; packing sows. S3.IV® 3.80; light lights. 140-160 lbs., good and choice. s4.7a® 5.25; light weight. 160-200 lbs., good and choice. 55.10® 5.25: medium weights. 200250 lbs., good and choice, *4.90®5.25; heavy weights, 250-350 lbs., good and choice. $4.10®.5; packing sows. 275-550 lbs., medium and choice, $3®3.90; slaughter pigs. 100-130 lbs., good and choice. $3.50®, 4.75 Cattle— Receipts. 10.000: calves, 2,000; largely fed steer run. medium weight and weighty classes predominating; light steers and yearling strong, early; weighty kinds weak and very slow: best medium weights. $6.65; light weight heifers in demand; weighty kinds under pressure; steers slow and scarce; other killing classes strong. Slaughter cattle and vealers: Steers, 550900 lbs., good and choice. [email protected]: 9001,100 lbs., good ant* choice. $5.50®.J; 1.1001 300 lbs., good and choice. $5,504/7; 1.3001.500 lbs., good and choice. $5.50® 7: 5501 300 lbs,, common and meduim, $3.25®. 5.75: heifers. 550-750 lbs., good and choice. S4 754/ 6.40: common and medium. s3®s: cows. good. $3.50®4.75: common and medium $2.25® 3.50: low cutter and cutters. $1.50®2.25; bulls, yearling excluded, good beef $3 15®4; cutter common and medium. $2.25® 3.15; vealers. good and choice. 55./0 4/7: medium. $54/ 5.75: cull and common, s4® 5. Stocker and feeder cattle—Steers. 550-1.050 lbs., good and choice $4.25® n.20; common and medium. $2.75(fr4.50. Sheep Receipts. 7.000: fat lambs slow few sales earlv around $6.75 down; best he and above $7; sheep weak on increased supply: feeding lambs slow: choice 62 lbs. held around $6.50. Slaghter sheep and lambs—Lambs. 90 lbs. down, good and choice, $6.50® 7, common and medium s4®6 50: ewes 90150 lbs., good and choice, $1.50® 2.75, all weights, common and medium. 75c®$2. Feedin glambs—so-75 lbs., good and choice. S6 LAFAYETTE Sept.. 27 —Hogs- Market. 104/15c higher; 200-250 lbs. $5,054/5.15: 250-270 'bs $1,954/5; 270-290 /OS., $4,854/. 490 290-325 lbs.. $4 704/4.80: 150-200 lbs., I4 75®5.10: 130-15(7 lbs.. $4,254,4 50: 100130 lbs.. $3,504/4; roughs. $3.50 ddwn. Top calves. $6; top lambs, $6.

The City in Brief

“The Challenge of the New Deal,” will be the topic of Miss Hazel Funk of the Methodist Episcopal state headquarters in an address before the Indianapolis Engineering Society at its weekly luncheon Thursday noon in the Board of Trade. Final Kiwanis Club golf tournament of the year will be held Thursday afternoon at the Broadmoor Country Club. The tourney will be followed by a dinner. Theodore Smith, president of the Young Men's Colored Democratic Club of Indiana, announces the appointment of an advisory committee consisting of the Rev. Marshall A. Talley, W. A. Kersey, Henry Fleming, Dr. Theodore Cable, F. W. Littlejohn and Christ Fisher. New members of the executive council are Vernon Anderson, Cornell Talley and Charles Logan, all of Indianapolis; Adres Morris, Gary, and Conrad Hill, Anderson. Dick Harold, radio entertainer of stations WKBF and WFBM, was an honor guest of the Theacolossia Literary Society of Indiana Central college Monday night, where he played several accordion and piano selections. The A. D. Streit circle, ladies of the Grand Army of the Republic, will meet for their regular session at 2 Thursday in Fort Friendly, 512 North Illinois street. Dr. J. T. Upchurch, Arlington, Tex., for years a crusader against Mann act violations, will speak at 7:30 Fiday night at Cadle tabernacle on “The Stolen Bridal Veil.” A musical program will be furnished by the Cadle choir and the Berachah quartet. Democrats Hold Rally Bu United Press SULLIVAN, Ind.. Sept. 27.—Sullivan, Greene and Clay county Democrats rallied today at Shakamak state park. Several Democratic state officials were present. BUY YOUR FROM 30TH & CENTRAL SALES TA. 5550

IntT Harvester Johns-Manvill* Nat. Biscuit Pub. S. of N. J. Sears Roebuck Stand, of N. J. Un. Aircraft U. S. Steel Union Pacific Westinghouse

Chicago Stocks By Abbott. Hoppin & Cos. TOTAL SALES, 38,000 SHARES -Sept. 26 Adams Mfg 8% Bastian Blessing 7 Bendix Aviation 16% 15% 15% Berghoff Brew Cos 11% Borg Warner 16% 15% 15% Brach <fc Sons 7% E L Bruce Cos 14 13% 13% Butler Bros ... 3% Castle AM ... 11% Cent 111 Pub Ser pfd ... 20% 20 20 Cent ft So West pfd..... ... 7 Chi ft North Western. 10% 9% 9% Chi City & Con Rys ctf .. ... 2 Chicago Corp com ... 2% Chicago Corp pfd 25 24% 24% Chicago Mail Order ... 14 13 13% Chicago Towel pfd ... 58% Chicago Yellow Cab ... 12 11% 11% Cities Service 2% 2% 2% Commonwealth Edison. 45 42% 42% Consumers Warrants .... ... % Consumers 6% Pr pfd. .. ... 4% Cord Corp 10 9% 9% Dexter Cos 4% 4 4% Fitzsimmons & connell. .. ... 10 General House Util ... 18 17% 17% Great Lakes Aircraft.. .. ... % Great Lakes Dredge ... 15% 15% 15% Grigsby-Grunow ... 2 Iron Fireman 6% Jefferson Elec ... 12 Kalamazoo Stove ... 21 Kellogg Switch com 1% Kingsbury Brew Cos ... 9% Lawbeck Corp 6(3 pfd 28% Libby MlcNeil 4% 3% 3% Lvnch Corp 37% 33% 35% Marshall Field 17% 16% 16% Mapes Cons Mfg Cos 35 Midland Util 7% PL 3 Miller & Hart. Pfd 9% National Leather ... 1% National Union Radio.. .. ... 1% Noblitt-Sparks Ind Inc 26 25 26 Northwest Bancorp .... 6% 6 . 6 Oshkosh Overall 5 4% 5 Penn Gas & Elec ... 7% Perfect Circle ... 23% Pines Winterfront ... 2% Prim aCo 16 13% 14% Public Service NP. . 22% 22% 22% Public Service 6 % Pfd 61 58 61 Public Service 7% Pfd .. ... 65 Rath Packing , .■ • ?} Quaker Oats 125% 125 125 Ravtheon V T C ... 2% Reliance Mfg Cos 12% 12% 12% St Louis Nat Stock Yards. ... 33% Sears Roebuck 42% 40V* 40% Swift &Cos 17% 17 17% Swift Intercional 26 25% 26 Telephone Bd ft Sh A . . ... Thomnson JR 8% 8 8 Util Power ft Lt N V 1% Utility & Ind . • ... J’? Utility ft Ind Pfd 4 3% 3% Vortex Cup Cos <‘4 Vortex Cup Cos A••• . 25y 4 Walgreen Cos Com .... lC 3 * 17*4 18 Ward. Mortaiomery A * 61V? 60 60 Wifcboldt StoTes .. ... H 3 /4 Indianapolis Cash Grain —Sept. 26 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—Weak; No. 1 red. 28®29c; No. 2 red. 27® 28c; No. 2 hard. 27® 28c. Corn—Weak: No. 2 white. 42®43c: No. 3 white. 41® 42c: No. 2 yellow, 39®40c; No. 3 yellow, 38®39c: No. 2 mixed. 38® 39c: Nci. 3 mixed. 37® 38c. Oats —Easy—No. 2 white, 30%®31%c: No. 3 white, 29%®30%c. Hay—Steady. IF. o. b. country points taking 23'>c or less rates to Cincinnati or Louisville). Timothy—No. 1, $6®6.50; No. 2 timothy, $5.50® 6. —lnspections Wheat—No. 1 red, 1 car: No. 2 red. 3 cars: No. 5 red. 2 cars:. Total 6 cars. Corn —No. 2 white. 1 car; No. 2 yellow. 9 cars; No. 3 yellow, 20 cars; No. 4 yellow. 11 cars; No. 5 yellow, 3 cars; No. 4 mixed. 1 esar. Total 46 cars. Oats —No. 1 white, 1 car; No. 3 white, 4 cars. Total, 4 cars. INDIANAPOLIS WAGON WHEAT Citv grain elevators are caving 77 cents for No. 2 sort tea wneat. Otner grades on their merits. NEW YORK COFFEE FUTURES —Sept. 26 SANTOS High. Low. Close. January ... 8.50 March 8.63 8.59 8 59 Mav 8.65 8.61 8 65 July 8 70 3 65 8 70 December 8.48 8 45 8 48 RIO January ... 60 9 March 6.18 6.17 6 17 Mav ... 6.25 .July ... 6.32 December ... 6.07 Plumbing Permits Frank Irish. 851 North Rural; four fixtures. Frank Irish, 3547 East Washington; ten fixtures. Roy McQueen. 901 East New York: five fixtures. C. J. Dickman, 350 South Hamilton; one fixture.

U. S. Government Bonds Federal Land Bank Bonds Indiana Municipal Bonds T. P. Burke & Cos. Incorporated SUITE 217-224 CIRCLE TOWER PHONE RILEY 8536

Active Trading In U. S. Government Securities Municipal Bonds Land Bank Bonds Gravel Road Bonds General Market Securities Pfaff & Hughel INCORPORATED Chicago INDIANAPOLIS Ft. Wayne Illinois Bldg. Lincoln 2’>63

A Participation in a 1 Re-established Industry Allied Brewing and Distilling Go., Inc. (Brooklyn and New York) Stock Listed on Chicago Curb Orders Executed at the Market Approximate price $6.50 Wm. E. Shumaker & Company, Inc. 1408 Circle Tower Ll-835C.

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GRAIN FUTURES MOVE DOWN ON LIGHT SELLING Trade Apparently Awaiting Solution of Political Problems. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, Sept. 27. Grain* sagged fractionally on the Chicago Board of Trade today in a light trade. Wheat at the opening was off % to % cents and corn was down % cent. Oats was unchanged and rye was off % to % cents. In spite of the continued drop, brokers believed that bullish factors still exist and will be effective soon. Grains of late have ruled successively strong and weak according to the news. Fluctuations have been erratic and many traders apparently have decided to await solution of the numerous pot.tical and other problems which have been affecting the market. Corn has been under considerable pressure during the last few days. Factors involved include hedging of sales by the country on cash corn and the action of wheat. There has been good cash business from the east, a constructive factor. Illinois and Indiana received heavy rains Tuesday. Oats has continued lethargic all week but the undertone is strong. Chicago Primary Receipts —Sept. 26--Bushels— Todnv Last Week Wheat 718.000 735.000 Corn 989,000 663.000 Oats 294.000 311.000 Chicago Futures Range —Sept. 27WHEAT— Prev. High. Low. 10:30. Close. Dec 90 .88% .89 .90% May 94 .92% .93% .94% CORN— Dec 51% .50% .50% .51 May 57% .56% 56% .57% OATS— Dec 39% .39 .39% .39% May 43% .42% .42% .43% RYE— Dec 70% .70 .70 .71 May 77 % .76% .76% .77% CHICAGO CASH GRAIN 81/ United Press CHICAGO, Sept 26. —Cash grain close: Wheat—No 2 red 88%c; No 2 hard weevily, 86c. Corn —No. 2 mixed, 48c; No. 3 mixed, 46'4C; No. 1 yellow, 48'ic; No. 2 yellow. 47%®48%c; No 3 yellow, 46%®47%c: No. 4 yellow, 45%®46%Cj No. 5 vellow, 4%®44%c: No. 6 yellow, 42%/f 43%c: No. 2 white. 47%49c; No. 3 white. 46%® 47%c; No. 6 white. 42c; sample grad* 34' 2® 38c. Oats- No 2 white, 36%®38%c; No. 3 white. 35% ® 37c; No 4 white, 35c. Rve —No sales. Timothy—ss.so® 5.75. Barley—so®Boc. Cloversced—sß® 10 Cash provisions—Lard. $5.70; loose. ss;leaf, $4.87; D. S. Bellies, $5.75. ST. LOUIS CASH GRAIN B;t United Press ST. LOUIS. Sept. 26—Cash grain: Wheat —ln slow demand, unchanged; No. 2 red, 91c; hard wheat. %c higher; No. 1 hard, 90%c; No. 2 mixed. 90%c; No. 5 mixed, 87c. Corn—ln fair demand, %®2c higher; No. 3 mixed. 46c: No. 2 yellow. 47%c: No. 3 yellow 46%c: No. 5 yellow. 45c; No. 6 vellow. 45c: No. 2 white, 49%® 49%c; No. 3 white, 48‘ic. Oats in fair demand %o higher; No. 1 mixed, 36%c: No. 2 mixed 36 %c. NEW YORK CASH GRAIN Bit United Prrss NEW YORK. Sept 26 Cash grain: Wheat—No. 2 red. $1.03%: No. 2 hard winter. $1.05%. Corn—No. 2 mixed. 52%c. Oats —No. 3 white. 39c. All auotes C. I. F. New York. 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. 8 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.

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