Indianapolis Times, Volume 45, Number 122, Indianapolis, Marion County, 30 September 1933 — Page 9

SEPT 30, 1933.

Wall Street Stoppage of Normal Flow of Long-Term Investment Funds May Necessitate Some Adjustments. Br RALPH HEN'DERSHOT Times Special Financial Writer

The president of one of the larger Wall Street banks said recently that if any one of the companies of which he is a director decided to float anew securities issue he would promptly resign rather than accept the responsibility thus placed upon him under the new securities act. Other prominent men have adopted a similar attitude. It should not be inferred that these men are not in sympathy with the aim of the act, which is to protect inwton against the sale of questionable securities. It should not be inferred, either, that these men

are seeking to sell securities to others they would not be willing to buy themselves. It merely means that the compensation they receive as directors does not Justify the risk they would be called upon to take in guaranteeing, in effect, the securities sold. The problem presented by this situation is a rather important one. No doubt many corporations not Interested in short-term credit from the banks could use long-term funds to advantage if they were available. Undoubtedly the use of this money would go a long way toward stimulating trade and helping the NR A over the top. a a a Fault Not Easily Placed It might not be fair to say that the stoppage of the normal flow of long-term investment money is due to a fault in the securities act. Likewise it might not be fair to place the blame on the bankers or other prominent people acting as directors of our corporations. Nor can the issue be dismissed oy say-

—■

Ralph Hendershot

ing that .if present directors are unwilling to accept responsibility under the act they should make way fdr others. In the first place, the act would be of little use if it did not have teeth. But the banker-director could hardly be expected for the usual pay of S2O a meeting to risk his entire wealth in guaranteeing purchasers of securities against loss for some statement or omission of statement in a prospectus so long as we have ambulance-chasing attorneys. a a a Good Influence on Boards Moreover, bankers can Tie good influences on corporate directorate*, despite the many apparent mistakes they have made in the past. If the bankers were to be replaced by people who #re irresponsible financially the best interest of the corporations might not be served and the invstors might find it difficult to collect for their losses in the event the issue did not turn out right. Some modification might be advisable all around. It might be possible to temper the securities act to some extent without taking too much away from its effectiveness. It might also be possible to make directors much more responsible for their acts than they have been in the past without chasing the good as well as the bad off the boards entirely. And it might be possible to eliminate the practice of enticing uninterested bankers to boards of directors by offering them commercial accounts to place in their banks or other indirect inducements.

New York Stocks I '' “i ßy Abbott. Hoppin & Cos.) ———— —

—Sept. 29 Prev. Oil*— High. Low Close, close. Amerada 41% 39% 39% 38% Atl Rig 26’. 25% 26 25% Barnsdall 9% 8% 9 9 Consol Oil 13% 12% 12% 12‘a Cont of Del .. 17% 16% 16‘ 16 Houston (newt . ss*5 s * 35% 4% Houston loldt . 38 26% 26% 26 Indian Rfg Mid Cont Pet ... 12’* 12% 12% 12*4 Ohio Oil 16 14 l4” a 14'a Pet Corp 12% IP. 12% ll'a Phillips ePt 16% 15‘a 5% 15'* Pure Oil 13‘ 12'a 13 12'a Royal Dutch 35‘a 34% Sbd OU 40% 38% 38'a 39■ Shell Union .... 8' 8 8 B’* Simms Pet 9 7 9% 9% 8 S Skeliev Oil 8 7% 8 7% Soc Vac 12% 11 J 4 11% 11% 8 O Os Cal 41 39'a 39*. 39 S O of Kan 33 BOOf N J 40% 39'a 39% 39% Sun Otl 47 46% Texas Corp 26% 25% 25% 25% Tidewater 0i1.... . . . 20 Tidewater Assn.. !l ! a 10% 11 11 Un Oil Os Cal 20% 19% 20 1 . 19 5 s Steels— Am Roll Mi 115.... 19 17% 17 7 19 teth Steel 35 33 33 33% vers A M 26 24% 25% 25 col fuel A Iron 6 6 Cruc Steel 23 22 Luolum Steel 10% 10% McKeesport Tin 81 79% 79 3 * 79 Watt Steel 40 37% 37% 36'a Rep Iron A Stl 14 3 14% 14% 14 Rep Iron A Sti p 32 31 31% 31 U S Smelt 96% 90 91 3 88% Vanadium 22% 21% 21% 21% Midland 10'a 1010% 10 L S Pipe A Fdy 14% 14'* 14% 14 U S Steel 48% 45% 45% 46% L S Steel pfd... 84% 82 4 82% 82 Voungstn SAT 21% 21 1 a 2i‘s 21 Rails— Atchison 57% 54' 54% 56 Ati Cat Line 35% 35 35 33% BA O 28‘a 27% 27% 27 Can Pac 14% 14 14% 14% Cn A Ohio 42 41% 41 % 41 % Chi A Gt W 3% 3% 3% 3'a C .M A St P 6 % 5% 5% 6 C M A St P pfd 9% 9*4 9% 9% Chi N W 9% 9% 9% 9% Chi Rlsl 4 4% Dela A Hud 60% 60 Erie 17% 16% 16% 17 Grt Northern pf 21% 19 '4 19'a 20% 111 Central 32 30 30% 30% K C Sou 12 43 Lou A Nash .... 42'a 41 41 42 M K A T 9% 9% 9% 9 Mo Pac 4 1 4 4% Mo Pac pfd 6% 6 N Y Cent 39'a 37% 37% 38 N Y Chi A St L. 17 16% 16’* ... N Y New Haven. 21% 20% 20% 20% N Y Ont A Wes. 10% 10 10 10' Norfolk A Wes.. 150 14a 1 a 145'a 147'a Nor Pac 23% 31% 21% 23 Penn R R 30% 29% 29% 30% Reading ~ 45 44 % SOU PaC 22% 22'a 22% 23% Sou R R 26% 24% 24'a 24 SOU R R pfd ... 27% 25% 26 26% Union Pac 113% 110% 110% 110% Wabash 3'a 3% W Maryland 10' 4 9% Motors— Auburn 48'a 46% 46% 47% Chrvsler 43% 40% 40% 41% Oen Motors 29% 28'* 28% 28% Graham Mot ... 32% 2% 3 Hudson 11% 10% 10% 11 HUPP 3% 3% 3% 3% Mack Truck ... 32% 31'a 31% 32 Nash 20% 19% 19% 19% Packard 4 3% 3% 3% Reo 3% 33% 3 Studebaker .... 4% 4 4% 4% Yellow Truck.... 5 4% 4% 4% Motor Arrros— Bendix 15% 14% 14% 15 Bohn Alum .... 38% 37% 37% 37 Borg Warner... 16 15% 15% 14% Briggs 9% 9 9 9% Btidfl Wheel ... 4% 4% 4% 4% Eaton Mfs ... 12% 11% 11% 11% Elec Auto Lite 17% 16’a 16% 16% Houd Hershev.. 3% 3% 3% 3% Mullins Mfg 5% 5% Murrav Bodv.. 6 5% 5% 5% Stew Warner 6% 6% Timken Rol ... 28 26 26% 27 Mining— Alaska Jun...* 26% 25 25 24% Am Smelt .... 46% 42% 42% 42% Anaconda 16 15% 15% 15% Cal A Hecla .. 5% 5% 5% 5% Cerro De Pasco 36% 34 34% 34% Oranbv 10% 10 10% 9% Gt Nor Ore . 11% 11% 11- 11 Homestake Min 350 341 341 340 Howe Sound .. 30% 29 29 29% Ins Copper 3% 5% 5% 5% Int Nickel ... 20% 19% 19% 19% Isl Creek Coal.. .. ... 27 Kennecott Cop.. 22% 29% 20% 20% Noranda Cop ... 35% 35 35 34% Phelps Dodge ... 16% 15% 16 15% Pitts Coal 13 13% Tobacco* — Am Sum Tob ... *B% 15% 15% 16% Am Tob A 84% 82% 83 82% Am Tob B 86% 85 85% 85 Cons Cigar 30% 30% Ltgg A Mvers 896 94% 96 94% Lorrillard 21% 21 21 21% Reynolds Tob B 50% 50 60% 49% Equipments— Allis Chalmers.. 16V 15% 15% 15% Am Car A Fdv 30 26% 27% 28% Am Loco . 33% 32 32 31% Am Mach A Fdv ... 15% 15% Am Steel Fdy ... 23 21% 21% 21% Bald Loco 13% 12% 12% 13 Burroughs 15 14 14 14% Case J I 69% 66% 66% 67% Cater Tract ... 20 19% 19% 19% Colgat Palm P. 14% 14’* 14% 14% Congoleum ... 22% 21% 21% 21% E.ec Stor Bat ... 41’a Foster Wheeler 15% 14% 14 s . 13% Oen Am Tank C 31% 31 31 31 Gen Elec 20 19'* 19% 19% Gen R R Slg .. 36% 35’ * 35% 34% Ingsoi Rand ... 54 51 % 53 51 Int B s Mach ..135% 135 135% ... Int h-rvester.. 38% 36% 36% 36% Keivinator 12 11% 11% 11% Natl Cash Reg 16% 16 16% 16 Proc A Gamble 40% 40 40% 40 Pullman Inc ... 51% 48% 49 4S Simmons Bed . 22% 20% 20% 20% tTnd Elliot .. 29 1 a 28% West Air B .. 28% 27% 28 27% Westingh Elec 36% 34% 34's 35% Worthington Pm 23% 23 23 22 Utilities— Am A FUr Pwr 10% 9% 9'* 9% Am Pow A Lit 8% 7% 7% 8 A T A T 122% 117', 117% 121% Am Wat Wks . 22% 20% 20% 21% Brook Cn Gas.. 68 67'* 67% 68 Cos! Oas A Elec 14% 14% 14', 14% Cos! G A E pfd 67 Com A Bou 2% 2% 2% 2% Consol Gas ... 42% 40*. 40% 41 % Elec Pwr A Lit.. 6% 6% 6% 6% I P A L pfd 13 fnt TA T. .. IS'* 12% 12% 12% Lou G A E A .. 16% . Nat Pwr A Lit 10% 10'* 10'* 10 s , North Ann 18% 17 s * 17% 18% pac O A E .. 21% 23'* 20% 20 s , Pub Serv N J . 36 35% 35% 35', 8 Cal Educr. 18 s , 18% 18'* 18 Btd Gas 10 s * 10 s * 10% 10% gt* Gas pfd ... 11% 11'* :i% 11% Dmted Corp 6** 6% 6% 6% Cn Oas Imp .. 18% 16% 16% 16% Ut Pwr A Lit A 3’. 3'* 3% 3 s * Western Onion.. 58 s , 55 55 56% Rubber, — Firestone 23% 22 22 22', Goodrich 14 13 13', 13% Goodyear 34% 33 33 33% o S Rubber... 17% 16% 18% 1% V 8 Rub pfd.. 37% 25% 35% 28% rel Spring ... 2% 2% 2% 2',

Amusements— Crosiey Radio 8% Fox Film 16 15% 15% 15% Loews Inc. 31% 29% 30 30% Radio Corp 8% 7% 7% 7% gKO 2% 2% 2% 2% Warner Bros .... 7% 7% 7% 7% Foods— Am Sugar 63% 62 63 61 Armour A ... 4% 4% - 4% 4% Beatric Creamy 13% 12% 12% ... Borden Prod . 23 22% 23 22% Cal Packing. . 21% 21 21 Can Dry G Ale 31 % 30% 30% 30% C°ca Cola 87% 86% Cont Baa (Ai... 12% 12 12% 12 Corn Prod .. 87% 86% 87% 85% Crm of Wheat.. 29' 6 29 29 29% ° e n Foods . . 35% 35 35 35 OoW Dust. 20% 20 20 20 Hr W h„ SURar 3814 38 ' 4 38% Hershey 51 50 50 51 Int Salt 23V 22 3 4 23V 23 Loose Wiles ...l * . 37.* 37 Natl Biscuit 52% 50% 50% 52 %!' mV™' ;; ■: ■: * Purity Bak ... ift% ’ift ’i6% 16 S Porto Rico Sug 41 % 4040 39% f&fss.•.■■■. 8 1 * r- r B*s SJSS for— “ *** “* Asso Drv Goods.. 14% 14 14 iija Best Ac Cos 26% 26 Hi Oimbei Bros ... . Hahn Dept Sts.. 5% ’4% 5 4% Kre.cge s S 123, 12 * 12 12 i* May ß De£ r st.::: 2378 . 22H %'• 22*1 p l ° nt v : a cd .... 20% ia% 19% '26 BSiy* Si: if- If’ jj Aviation Corp .. 9 ns. q-. ... Doublass Air ... 14% 13% 13% 14* Curtiss Wright.. 2% 2% 2% 91' Curtiss Wr A ... 2 2 V* Nor Am Av ft *'ss, *%v Chemic A a!i r i " a,t 313i 2 ® J " 29,3 3 <^ Alf. Reduction . 108 106 106 ’O6 Allied Chem .138 135% 135% isft.. Am Com Alcohol 60% 56% 57 sfiit Cos! Carbon 54 52 52 Is Com Solvents .. 37% 35 351. Dupont 76 741, 7* 1 8 s®.'* Freeport Tex ... 43% 42 42 2 491* Liquid Carb .... 28 27% 27% 5 J Math Alkali ... 39% 38 3 p * \V* 3 Tex Gulf Sulph. 38% 36 36 363! Union Carbide ..43 41 41 491* U S Ind Alcohol 69% 65 65 6R3* Na D r i|% 89% Sft Cotv Inc ••••,, ii/ A*, ■■••••• 3i '3O 30 2 30>a Lehn Sc Fink Tq, Zonite Prod ... 6 5% "ft 4 Financial— * 0 6 Adams Exp ... 8% 8% 8% 8% Allegheny Corp. 4% 4% 41. 4 Chesa Corp 391 3g Transamerica .. 6 5% s’. Tr Conti Corp.. 5% 5% 53! 2i" Building— 3 * 3/4 Am Radiator... 13% 123* is I*l9 Gen Asphalt 17% 17 17% 17 Int Cement 28 27% 28 26 % Johns Manville. 53% 49% 50 50% Otis Elev 15 745, 747,, ,ai~ Übby Owens Gls 28% 27'. 27% 27% Ulen Const 2% 2% 2% 2% Miscellaneous— * Am Bank Note.. 14% 14% 143, 743; Am Can 90% 88’* 88% 88% Anchor Cap ... 22% 20% 30% 21 Brklyn Man Tr. 33 31% 31% 32 Conti Can 65’. 64% 64% 64% Eastman Kodak 80 79% Owens Bottle .. 79 77 77 74% Glidden 15% 15 3 15% 75% Gotham Silk ... 9% 9 Indus Rayon ... 71% 68 68 68% Real Silk Hose 12% 12% New York Curb (Bv Abbott. Hoppin St Cos.) —Sept. 29Close Close. Alum Cos of .\m 65 Mount Prod ... 4% Am C P * L B 2% Natl Bellas Hess 2% Am Cyan B ... 10’* Niag Hud Pwr. 7 Am Gs A* E 1... 23% Pan A Airways. 52 Am Sup Pwr.. 3% Parker Rstprf.. 57% Ark Ntl Pwr A. 1% Pennroad 3 Asso Gas A ... 1 Pioneer Gld Mi 11 Atlas Ut Crp.. 12 St Regis Paper. 3% Fraz Tr A* Lt.. 13% Salt Creek Prod 6 Can Marc ... 3 Sfgal Lock % Cent Sts El ... I%!Std Oil of Ind.. 29% Cities Serv 2% Std Oil of Kv .. 16 Cord . 9% Stutz 7% Ford of Eng .. 5% Translux 1% Ford Mot Can. 7% Un Founders... 1% Mud Bay Min. 10 United Gas 2% Imperial Oil .. 13% United Verde .. 3% Int! P'roi .19 Util Pwr Ac Lit. 1% Lake Sh Mines. 48% Wr Hargraves.. " s *

Foreign Exchange

IBv Abbott. Hoppin & Cos.) —Sept. 25%Close. Sterling England $4.74% Franc, France 0599 Lira. Italy 0805 Belgas. Belgium 2135 Mark. Germany 3650 Guilder. Holland 6165 Peseta. Spain 7278 Krone. Norway .3390 Krone. Denmark 2124

Investment Trust Shares

Bv Abbott. Hopptn & Cos. —Sept. 29 Bid. Ask. American Bank Stocks Corp.. .90 1.00 American & General Sec A... 5 50 6.50 Basic Industry Shares ....... 3.20 325 British Type Inv Tr Sh 52 62 Collateral Trustee Shares A 4.50 4*7 Corporate Trust Shares <o!dt 213 217 Corporate Trust Shares tnewi 230 2.34 Cumulative Trust Shares 3 39 400 Diversified Trust Shares A.. 625 .... Diversified Trust Shares 8..7 61 7.87 Diversified Trust Shares C 300 3.05 Diversified Trust Shares D... 4.82 492 First Insurance Stock Corp... 135 142 First Common Stock Corp.... .92 1.07 Fixed Trust Oil Shares A 815 .... Fixed Trust Oil Shares B 7.00 Investors Inc 17.00 17.50 Low Priced Shares 6.00 Mass Inv Trust Shares 17.50 18.87 Nation Wide Securities 322 328 North Am Trust Sh (55-56‘.. 233 2.38 Petroleum Trust Shares A 1100 14.00 Selected American Shares ... 262 Selected Cumulative Shares... 675 700 Selected Income Shares 355 3.75 Std Am Trust Shares A 2 94 2.99 Trust Shares o l America 287 2.92 Trustee Std Oil A 512 537 Trustee Std Oil B 450 475 U S Electric Lt & Pw A 11.50 12 00 Universal Trust Shares .2 89 2.99 NEW TORK RAW SUGAR FUTURES —Sept. 29 High Low Close January 1.49 145 145 March 1 53 1 50 1.51 July 184 180 J.BO September 168 165 1.65 May 158 154 1.55 December 1.48 145 1.45

A. T. & T. MEETS HEAVY SELLING IN STOCK MART Major Part of List Holds Small Gains for Session.

Average Stock Prices

Average of thirty Industrials for Thursday, high 95 30. low 92 89, last 94 68. up 1.48 Average of twenty rails. 41.88. 41.02. 41.80. ud .41. Average of twenty utilities. 25 81. 25 13, 25 S3, up .38 Average of forty bonds, 83.84 off .40. Average of ten first rails. 89 94. up .08 Average of ten second rails. 68.70, off .87. Average of ten utilities, 92 62, up .15. Average of ten industrials. 84.11. off .94. BY ELMER C. WALZER United Press Staff Correspondent NEW YORK. Sept. 30—Short selling in American Telephone and Telegraph Company capital stock, forcing the stock down more than 3 points, and strength in mining isseus and wet stocks featured Friday’s session of the Stock Exchange. As shorts dumped large amounts of Telephone on the market the whole list turned down from early highs. Except in Telephone, however, losses in a few isolated issues were small, and the main list recorded minor gains. Gold Shares Strong No reason was given for the attack on American Telephone. Gold mines were bid up following circulation of a rumor President Roosevelt would fix the price of gold at a level which would make the dollar worth 60 cents, and a rumor that a free gold market would be inaugurated. No confirmation on either was forthcoming. If the dollar were at 60 cents in gold, the price per ounce would be $34.45, or 66.65 per cent above the statutory price of $20.67 per ounce. At its high. Homestake Mining was at 350, up 10 points, Mclntyre Porcupine 45 1/ g. up 3’'s; Alacka Juneau 26%, up 2%; and Dome Mines 36%, up 2%. These prices were reduced before the close. Wet Issues Active Fair demand developed for the wet stocks when National Distillers. selling ex-dividend $9 in whisky. reached 94%, up 6% points.. It held part of the gain. Oil shares were higher at the outset as several companies raised their purchasing price for crude oii to $1 or higher per barrel. Gains ranged to more than a point, but were replaced by losses before the close. United States Steel was carried to 48% where it was up %. It subsequently broke below 46. Chrysler declined from 43%, up 1% to below 41, and other motors performed about the same. Railroad issues declined from early gains ranging to more than 3 points.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 29 Clearings $1,550,000.00 Debits 3,772.000.00 TREASURY STATEMENT —Sept. 29Net balance for Sept. 27. $1,170,437 445.68 Int. rev. rects. for day .... 3.073,105.54 Customs rects. mo. to date 29,507,870.70 Liberty Bonds By United Press NEW YORK. Sept. 29.—Closing Liberty bonds: 1 Decimals represent 32nds). Liberty 3%s <32-47) 102.4 Liberty Ist 4’*s 132-47) 102.20 Liberty 4th 4V*s (33-38) 102.29 Treasury 4'*s (47-52) 110.8 Treasury 4s (44-54 1 106.4 Treasury 3%s (43-47) 101.18 Treasury 3’s (41-43) March ... 101.17 Treasury 3%s 440-43> June 101.19 Treasury 3%s (46-49) .99.30 Treasury 3s (51-55) 98.22 Treasury 3%s (41) 100.30

Daily Price Index

By United Press NEW YORK. Sept. 29.—Dun and Bradstreet s dailv weighted price index of thirty basic commodities, compiled for the United Press: Today 101.69 Thursday 101.67 Week ago 102.35 Month ago 100 93 Year ago 77.55 1933 High 'July 18) 112.52 1933 Low (Jan. 20> 67.86 Copyright. 1933. bv Dun Az Bradstreet. Inc.

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THIS INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

Th follownlsr quotations do not represent actual bids or offering*, but merely Indicate the aooroximate market level based on buying and selling inquiries or recent transactions. • —Sept. 29Bid. Ask. Beit Rail St Stock Yards com 28 33 Belt Rail St Btock Yards, pfd 45 50 Cent Ind Pwr pfd 7% 8 11 Citizens Gas Cos pfd 57i 83 67 Citizens Gas com 16 19 Home T Sc T Ft Wayne pfd 7% 38 40 Ind <st Mich Elec Cos pfd... 67 71 Ind Gen Service Cos pfd 6%.. 64 68 Ind Hydro Elec Cos 7% 22 26 Indpls Gas Cos com 40 44 Indpls Pwr Lt pfd 6 % 50 54 Indpls Pwr At Lit Pfd 6%%.. 54 58 Indpls Water 5% pfd 89 93 No Ind Pub Serv Cos pfd 8% 22 28 No Ind Pub Serv Cos old 5>2% 21 25 No Ind Pub Ser Cos ofd 7%.... 25 29 Public Serv Cos of Ind ofd 7% 21 25 South Ind Gas Sc El pfd 6%.. 56 60 Terre Haute Elec ofd 67i... 21 25 BONDS Citizens Gas Cos 5s 1942. 88 90 Home T Sc W 5%s 1955 97 100 Home T Sc T W 6s 1943... 98 102 Indpls Gas Cos 5s 1952 74 77 Indpls Rvs 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 Lafayette Tel Cos 5s 1957 83 87 Muncle Water Works 5s 1939.. 94 98 Richmond Water Works 1957.. 85 89 Terre Haute Wat Wks 5s 1958 83 87 Terre Haute Wat Wk 6s 1940.. 95 99 Traction Terminal Cos 5s 1957. 45 49

Chicago Stocks "By Abbott. Hoppin St Cos.

TOTAL SALES. 4ft,000 SHARES ’ —Sept. 29High. Low. Close. Adams Hfg || 8 Asbestos Mfg , 4 37s 4 Associated Tel & Tel 7% . ... 12 Bastlan Blessing 6% 5 5 Bendix Aviation 15% 15 15 Berghoff Brew Cos 117 11 11% Borg Warner 16 1 15 15 Brown Pence & Wire A 6Vs E L Bruce Cos 12 Butler Bros 3% 3% 3% Canal Construction ... 2% Cent 111 Pub Serv pfd 20 Cent Pub Serv Cl AA ... Vi Cent Ac So West 174 1% 174 Cent Sc So West pfd 5Va Chi Ac North Western.. 974 9 9% Chicago Corn pfd 24*/2 Chicago Mail Order ... 12V2 Chicago Yellow Cab *2 Cities Service 2% 274 2’4 Commonwealth Edison. 47 46 46 Cord Corp 9Vi 9 9 Crane Cos 6% 6% 674 Crane pfd 36 Electric Household 11 1074 1074 General ouse Util 1774 17 17 Goldblatt Bros 2174 Great Lakes Aircraft 74 Great Lakes Dredge ... 1574 1474 1 57a Grigsby-Grunow 2 Vs 2 2 Hall Printing 474 Hart-Carter pfd 4 ‘/a Houdaille-Hershey iB). 3>4 3% 37a Jefferson Elec 12 Kellogg Switch com 274 Keystone Steel 1074 Kingsbury Brew Cos. . . 10 974 974 Libby-McNeil ... 4% Lincoln Printing 174 7 4 74 Lion Oil Refining Cos 7 Louden Packing 1674 16 16 Lynch Corp 35'4 33% 33 7* Marshall Field 1674 1574 1574 McGraw Electric 4% Merchants & Mfrs. A 1% Middle West Utilities v* National Leather 174 174 171 National Union Radio.. .. ... 174 Noblitt-Sparks Ind Inc. 25% 2474 24% N W Bancorporation. . 6V* 6 6 Penn Gas & Elec 7V, >4 774 Prima Cos 1674 16 16 Public Service N P 27 Raytheon V T C 2% Swift & Cos 1774 1 674 16% Swift Internacional 25 Utah Radio 174 174 174 Utility & Ind pfd 4 Vortex Cup Cos 674 674 6‘4 Vortex Cup Cos A 247* Walgreen Cos com 1774 Walgreen Stk Pur Warr 3 Ward Montgomery A 58 Yates Machine 174 Zenith Radio 274

Federal Farm Loan Bonds

, (By Blyth Ac Cos.. Inc.) —Sept. 29 Bid. Ask. 4s. Nov. 1. 1957-37 86 87V4 4s Mav 1. 1958-38 86 87% 4%5, July 1. *1956-36 87 88% 4%5. Jan. 1. 1957-37 87 88% 4%5. Mav 1. 1957-37 87 88% 4%5, Nov. 1. 1958-38 87 88 V* 4%5. Dec. 1. 1933-32 100% 101 4%5. May 1. 1942-32 92 93% 4%5. Jan. 1. 1943-33 92 93% 4%5. Jan. 1. 1953-33 90 91% 4%5. July 1. 1933-33 90 91 Vi 4%5. Jan. 1. 1955-35 90 91% 4%5. July 1. 1955-35 90 91% 4%5. Jan. 1. 1956-36 90 91% 4%5. July 1. 1953-33 92 93% 4%5. Jan. 1. 1954-34 92 93% 4%5. July 1. 1954-34 92 93% 58. Mav 1. 1941-31 97% 98% ss. Nov. 1. 1941-31 97% 98% Home Loan 4s. July 1. 1951.. 86% 88

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. Domestic Price* 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. NEW YORK COFFEE FUTURES —Sept. 29 SANTOS High. Low. Close. January .. 8.25 March 8.43 $.33 8.33 May 8 52 8.51 8.52 July 8.01 8.50 8.50 December 8.35 8.23 8.23 RIO January ... 5.80 March 5.99 5.86 5.87 Mav 6.01 5.93 5.93 JuiV ... 6.00 December 5.83 5.77 5.77

PORKERS SHOW LOWER TREND AT CITYYARDS Not Enough Steers on Hand to Make a Market in Cattle. Easing up in demand let hog prices down 20 to 50 cents Friday morning at the city yards. Butchers were ofl most. Underweights were mostly 10 to 15 cents below Thursday’s average. The bulk, 160 to 260 pounds, sold for $4.80 to $4.95; 260 to 300 pounds, $4.40 to $4.70; 300 pounds up, $4.10 to $4.30; 130 to 160 pounds, $4.20 to $4.70; 100 to 130 pounds, $3.50 to $4. Receipts were estimated at 11.000, including 4,000 pigs. Holdovers were 447. Not enough steers were on hand to make a market in cattle. The trend in she stock was slow an' lower on plain quality offered. Receipts were 400. Vealers were steady at $7 down.. Calves receipts were 600. Lambs lost 25 cents in the sheep market, bulk of ewe and wethers selling for $7 to $7.25. Bucks brought from $6.25 down. Culls and throwouts were to be had down to $3.15 and below. Receipts were 1,500. Initial bids on hogs at Chicago were weak to around 10 cents lower than Thursday’s average. Bulk sold at $5 down. Early action was slow and draggy. Receipts were estimated at 50,000, including 25,000 government pigs. Directs numbered 12,000 and holdovers 8,000. Cattle receipts were 2,000; calves, 800; market mostly steady. Sheep receipts, 16,000; market lower. HOGS Sept. Bulk. Top. Receipts. 22. $5,400 5.45 $5.50 14.000 23. 5.35(g) 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 28. 5.15® 5.20 5.25 12.000 29. 4.80® 4.95 5.05 11.000 Market lower. (140-160) Good and choice. . .? 4.45® 4.70 —Light Weights—-(lßo-200) Good and choice... 4.95 (160-180) Good and choice... 4.95 —Medium Weights—-(2oo-220) God and choice... 5.00® 5.05 (220-2501 Good and choice... 4.90® 500 —Heavy Weights—-(2so-290) Good and choice... 4.500 4.80 (290-350) Good and choice.... 4.20® 4.40 —Packing Sows—(3so down) Good 3.40® 3.65 (350 up) Good 3.25®, 2-59 (All weights) medium 3.00® 3.25 —Slaughter Pigs—-(loo-130) Good and choice... 3.50® 4.00 CATTLE Receipts. 400: 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® 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. 600; market, steady. Good and choice $ 6.50® 7.00 Medium 4.50® ? 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 (800-1,500) Good and choice 4.25® 5.25 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts. 1.500; market, lower. —Lambs—(9o lbs. down) good & choice $ 6.50® 7.25 (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 CHICAGO. Sept. 29.—Hogs—Receipts, 50,000; including 25,000 government; directs, 12,000; .slow. fully 10c lower than Thursday; 180-220 lbs.. $4.90@5; extreme top. $5.10: 230-300 lbs.. $4.10 0 4.90; light lights, $4.75®5; commercial pigs. $4.50 down; bulk packing sows, [email protected]; light lights, 140-160 lbs., good and choice, $4.50 @5; light weight. 160-200 lbs., good and choice. $4.75 0 5.10: medium weights. 200250 lbs., good and choice, $4.50@5: heavy weights. 250-350 lbs., good and choice, $3.65®4.65: packing sows. 275-500 lbs., medium and choice. $3.75® 3.65; slaughter pigs. 100-130 lbs., good and choice, $3.50® 4.50. Cattle—Receipts. 2.000; calves. 800; steers and heifers, steady to strong on catch-as-catch-can basis: all classes 25 or more lower than week ago: good to choice kinds largely $4.50®5.50: most western steers down to $3; few held above $6. little above $5.50; 753-lb. yearling heifers held around $6: cows and heavy heifers, weak and lower. Slaughter cattle and vealers— Steers. 550-900 lbs., good and choice, $5.50 ® 6.75; 900-1100 lbs., good and choice. $5.5007; 1100-1300 lbs., good and choice. $5.5007: 1300-1500 lbs., good and choice. $5.5007: 500-1300 lbs., common and medium. [email protected]: heifers. 550-750 lbs., good and choice, $4.50®6.40: common and medium, $2.75®5; cows. good. $3.25®4.50; common and medium. [email protected]; low cutter and cutters. $1.25®2.15: bulls, yearlings excluded, good. beef. $3.15@4; cutter common and medium, $2.25®3.15: vealers. good and choice. s6® 7.50: medium. Ss@6; cull and common. $405. Stocker and feeder cattle —Steers. 550-1050 lbs., good and choice. 54.25G5: common and medium. $2.75®4.25. Sheep—Receipts. 15,000: light supplv: natives steady to weak; top. $7.25; bulk. $6.75@7; indications on rangers weak to unevenly lower: sheep steady. Slaughter sheep and lambs—Lambs. 90 lbs. down, good and choice. common and medium. $406.75: ewes. 90-150 lbs., good and choice. $1.50®2.75: all weights, common and medium. 75c®$2; feeding lambs. 50-75 lbs., good and choice. $6®6.50. CLEVELAND, Sept. 29.— Cattle— Receipts, 150; market slow and dull; steers ranging at Thursday’s prices from $3.75@7, according to weights and grades: heifers. unchanged; medium to good, $4.25© 5.50; good cows. [email protected]: bulls. $2.25® 3.75. Calves Receipts, 200; market steady; choice to prime, $8©8.50: choice to good. $708: common, $303.50. Sheep —Receipts, 1.200: market steady; choice wethers. $2.50(5?3.25; spring lambs, choice, s7®B; good to choice. s6©7; common and dull. s3@s Hogs—Receipts, 15,000; receipts include 800 good hogs; market. 15®25c lower; heavies downward to $4.75: choice butchers. $505.25: light butchers and choice Yorkers. $5.25; roughs. $3®3.25: pigs. $4. CINCINNATI. Sept. 29.—Hogs—Receipts. 4.000; including 483 direct and through, 122 government pigs. 745 held over; demand weak on all weights and grades; mostly 15c lower, weighty butchers off more; top and bulk, good and choice, 170250 lbs.. $5 25: 250-275 lbs., largely $4.90® 5 15: 275-300 lbs.. $4.50®4.90: 150-170 lbs.. $4.60®4.85: 130-150 lbs.. $4 0 4.50: packing sows, weak to 25c off. good kind. $3.25® 3.75. Cattle—Receipts. 850: calves, receipts. 250: slow, cleanup trade at barely steady prices and most clases on peddling basis; bulk steers and heifers. [email protected]: odd lots upward to around $6; part load handv weight heifers. $6.25: plainer kinds down to $3 and below: beef cows. $2.25© 3: low cutters and cutters. $1.25®2.2a; most bulls. $2.2503.25: good to choice veaL ers s6® 7: plainer slow, mostly $3.50® 5.50. Sheep—Receipts. 1.200: fat lambs, weak to 2ac lower: better kinds scarce earlv sales mostly $6.75®7: best possibly Quoted to 57.25; most throwouts. $406: culls down to S3 and below; fat aged ewes, steady at sl®2. FT WAYNE. Sept. 29.— Hogs—30c off; 200-225 lbs.. 54.90; 225-250 lbs. $4.75: 250275 lbs.. $4.65; 275-300 lbs.. $4,50. 30C-350 lbs. $4.25: 160-200 lbs . $4 80; 150-160 lbs $4.40. 140-150 lbs.. 54.15; 130-140 lbs. $3.90: 100-130 lbs.. $3 50; roughs. 25c. off at $3.25; stags. 25c off at $2. Calves, 50c off at s6.ao; lambs. 25c off at $6.50. TOLEDO. Sept. 29.—Hogs—Receipts. 150; market. 15®25c lower: heavy Yorkers $5: mixed ana bulk of sales. S5: pigs and lights. $3.25® 4.25. medium and heavies. $405: roughs. $3 g 3.50. Cattle — Receipts. 200: market, steady. Calves— Receipts, light: market, steady to 50c lower: choice to extra. $7 50; fair to Rood. s6®7. Sheep and lambs-— Receipts, light, market, alow: lambs. 14e 1 6.1 5. By Times Special LOUISVILLE. Sept. 29.—Cattle —Receipts. 125; draggv at week's decline; bulk common to medium grass steers and heifers. $2 75® 3.75: common down to $2.50 and best fed offerings quotable around $5.50; bullr all cows. sl.2S®2 50: most sausage bulls $2 50 down; best heat? kinds to . Stocker and feeder range mostly. s2® 3 5. Calves— Receipts 275. steady; bulk better grades *5.590 6; strictly choice handyweights eligible higher medium and lower grades. $4 50 down. Hogs—Receipts. 1 100. 15 cents lower: 180-235 lbs., $5 10 240-275 lbs.. $4.65. 280 lbs up. $4 40: 140-175 lbs. $4.30; 135 lbs. down. $2 80; sows. $3 25 stags. $2.20. Sheep—Receipts. 250 steady; bulk better lambs. $606 59: choice eligible higher: bucks mostly ss® 5 50. throwouts. 53.5004; fat ewes. *lO2 per cwt ; most better stock ewes. s6®7 per head; choice eligible higher. Receipts Thursday: Cattle. 154; cal-es. 147; hogs 1.367, and sheep 272. Shipments Thursday: Cattle, 67: hogs. 434: sheep. 262. Hogs receipts Included 767 pigs on government order.

Tonight’s Radio Tour NETWORK OFFERINGS

SATURDAY P. M. 4:3u—Songs (NBCi WEAF Stu Sisters NBC ■ WJZ. 4 45—Turee Scamps iNBCi WEAF. Spanish Serenade (CBS’. s:oo—Conn s orchestra tCBSt. Himber's ensemble iNBCI WJZ. On; Man's Family 'NBC' WEAF 5 30—Eddie Doolev. football reporter iCBS i. Balkan Melodies (NBC WEAF. X Sisters iNBC) WJZ. Jack Armstrong CBS . s:4s—Captain A1 Williams <NBC) WJZ. Tito Gutzar. tenor 'CBS’. B:oo—Merer Davis' orchestra NBC' WEAF Fred k. Wm. Wile iCBSi. johr. Herrick, baritone NBC 1 WJZ. 6:ls—Miidrea Bailev (CBS' Treasure Island iNBCt WJZ. 6:3o—jane Forman. Charles Carlile and Berren's orchestra 'CBSJack and Loretta Clemens (NBC) WEAF. Feature (NBC) WJZ. 6:4s—The Optimistic Mrs. Jones (NBC) WEAF. 7:oo—Dennv's orchestra and Sigmund Spaeth (NBC) WJZ. Connie Boswell (CBS Rollickers Quartet iNBC) WEAF. 7:15 —Elder Michaux and congregation (CBS'. Sam Herman and Frank Banta (NBC) WEAF. 7:3o—Feature (NBC' WEAF. Brown and Llewellyn iNBC* WJZ. 7:4s—Gertrude Niesen. songs iCBSi. Annie Judv and Zeke <NBC> W r JZ. B:oo—Casa Loma orchestra (CBS' Antobals Cubans (NBC i WEAF. Jamboree (NBC* WJZ. B:ls—Bing Crosby and Paige's orchestra B:3O—K-7 Spv' Storv (NBC) WEAF Willard Robison and orchestra i CBS'. 9:00 —Rolfe Saturday night dancing party (NBC) WEAF. , W'illard Robison orchestra (CBS). Tales of the Titans iNBC) WJZ. 9:ls—Ann Leaf, organist (CBS). 9:3o—Cuckoos (NBC) WJZ Singing strings (CBS). 10:00—Lopez orchestra (NBCi WEAF. Jerrv Freeman's orchestra (CBS). Barn dance (NBC) WJZ. 10:15—John Fogartv. tenor iNBO WJZ. 10:30—Chas. Davis' orchestra (CBS'. Carefree Carnival iNBC) WEAF. Scotti's orchestra (NBCi WJZ. 11:00 —Rapp's orchestra (CBS). Henrv King's orchestra (NBC) WJZ. Dream Singer: Gerston's orchestra i NBC) WEAF. 11:30 —Child’s orchestra iNBC) WJZ. Fisher's orchestra iNBC) WEAF. Ted Fiorito's orchestra (CBS). WFBM (1230) Indianapolis (Indiantfeolis Power and Light Company) —SATURDAY— P. M. s:3o—Marimba band. s:4s—Tito Guizar (CBS). 6:00 —Walkathon. 6:ls—Mildred Bailey (CBS). 6:3o—Husk O'Hare orchestra (CBS). 6:4s—Ramblers. 7:ls—Bohemians. ’ B:oo—Casa Loma orchestra (CBS). B:ls—Bing Crosby and orchestra (CBS) B:3o—Singing Strings from Montreal 7 CBS). 9:oo—Public Affairs Institute (CBS). 9:ls—Walkathon. 9:3o—Willard Robison and orchestra (CBS). 10:00—Arnold Peek orchestra. 10:30—Charlie Davis orchestra (CBS). 11:00—Atop the Indiana Roof, Trumbauers orchestra. 11:30—Ted Fiorito orchestra (CBS). 12:00—Red Hufford orchestra. A. M. 12:30—Sign off. —SUNDAY— A. M. B:oo—Junior Bugle (CBS). 9: CO—Entertainers. 9:3o—Christian Men Builders. 10:30—Silent to noon. 12:00—Did You Know? P. M. 12:15—Walkathon. 12:80—To be announced. 1:30—Hollywood Show (CBS). 2:oo—Symphonic hour (CBS). 3:oo—Cathedral hour (CBS'. 4:oo—Wheeler Mission program. 4:3o—Bakers ICBS). s:oo—Songs My Mother Taught Me (CBS i. s:3o—Tramp Starr. s:4s—Bright Interlude (CBS). 6:oo—Walkathon. 6:ls—Gauchos (CBS). 6:3o—Bohemians. 7:oo—Freddie Rich Entertainers (CBS). B:oo—Seven Star Revue (CBS). 9:oo—Ethel Barrymore (CBS). 9:ls—Piano Twins. 9:3o—Walkathon. 9:4s—Quiet Harmonies (CBS). 10:00—Guy Lombardo and Royal Canadians (CBS). 10:30—Jerry Freeman orchestra (CBS). 11:00—Atop the Indiana Roof. 11:30—Arnold Peek orchestra. 12:00—Red Hufford orchestra. A. M. • 12:30—Sign off. WKBF (1400) Indianapolis (Indianapolis Broadcasting, Inc.) SATURDAY P. M. 4:4s—Three Scamps (WEAF). s:oo—Essex house enesmble (WJZ). s:3o—O'Leary's Irish Minstrels (WJZ). s:4s—Wine Dope (WJZ). 6:oo—Marvel Myers. 6:15 —Mighty moments. 6:3o—Jack and Loretta Clemons (WEAF). 6:45—Hi10 Hawaiians. 7:oo—Rollickers (WEAF). 7:ls—Heyman and Banta (WEAF). 7:3o—Sous Les Ponts (WEAF). B:oo—Antobal’s Cubans (WEAF). B:3O—K “7” (WEAF). 9:oo—Milestone’s with Marconi (WJZ). 10:00—One man's family (WEAF). 10:30—Hollywood on the air (WEAF). 11:00—Sign off. SUNDAY A. M. B:oo—Children's hour (WJZ). 9:oo—Southland sketches (WJZ). 9:3o—Serenades (WJZ). 10:00—Watchtower program. 10:15—Roxanne Wallace and Richard Leibert (WJZ). 10:30—Crystal melodies. 11:30—International Tid-Bits (WEAF). 12:00 Noon—American melodies. P. M. 12:30—British Broadcasting Cos. (WEAF). 1:00—To be announced. I:ls—Trio 1:30 —Jan Garber's orchestra (WJZ). 2:oo—Wavne King’s orchestra (WEAF). 2:3o—Newspaper adventures. 2:45 —To be announced. 3:00 —Gould and Sheffter (WJZ). 3:ls—Morin’ sisters (WJZ). 3:3o—Cadle Tabernacle. 4:4s—Nazarine male auartet S:C0 —Catholic hour (WEAF). 5-30—Essex house ensemble (WEAF).

Contract Bridge

BY W. E. M’KENNEY Secretary American Bridge League ONE of the most interesting bidding problems is the selection of the best suit in a hand which offers several possibilities. Here is a hand which came up at the American Bridge League National tournament at Ashbury Park, N. J., and various declarers tried to play the North and South hands for game at spades, hearts and diamonds. Most of the contracts were defeated, but one pair succeeded in making four hearts, and that is the only suit in which game can be made. After passes by South and West, North opened with one spade. East overcalled with two clubs, and South bid two hearts. North rebid the spades, and East bid three clubs. This time, South showed his second suit with a bid of three diamonds, and West assisted his partner’s clubs to four. North bid four hearts, an excellent bid, and one which deserved to win. Although North had better support for diamonds, his partner was marked with five cards in each suit, and any heart losers would also have to be lost with diamonds as trump. The major suit requires one trick less, and was therefore the better chance for game. Four hearts became the final declaration, and West did not double because he feared his opponents would find a better contract. As the hand worked out, five clubs would have been an excellent sacrifice bid, but West did not make it because he fully expected to defeat four hearts. tt tt n WEST opened the deuce of clubs, which East won wilh the queen. The second club lead was by declarer, and he led a small heart toward dummy’s queen. West wisely refused to win the trick, hoping to entice the declarer into ahother heart lead. If declarer should make this mistake, West would take two heart tricks and lead a club, which would force out declarer's last heart and leave West with the only remaining trump. However, when tty; eight of hearts fell from East, South *correctly read

6 00—Marvel Mvers 6:ls—Marshall plavers 6:30—T0 be announced, 6:45 —Wendell Hall i WEAF > 7:oo—Light opera nights 'WJZ 8 00—Cadle Tabernacle. 9:oo—Mountain music )WJZ' 9 15—Fireside memories 'WJZ> 9:3o—ltalian Societies Tribute to Marconi (WJZ' 9 45 —Seth Parker (WEAF' 10:15—Orchestda Gems (WEAF). 11:00 —Sign off. WLW (700) Cincinnati —SATURDAY— P M 4 00—To be announced 4 45—Little Orphan Annie (NBC). 5:00—To be announced. 5 30—Bob Newhall. 5 45—Gene Burchell's dance orchestra. 6:ls—Three Moods lu Blue. 6 30 —To be announced 7:OO—R. F D. hour. 7 30—Croslev Follies. 8 00— To be announced 9:00 —Saturday Night Dancing Partly with B A. Rolfe and orchestra (NBC). 10:00—W'LW Barn Dance (NBC*. A. M 2:oo—Sign off. —SUNDAY— A. M. 7:oo—Melodic hour. (NBC 1 . 7:3o—Church Forum. B:oo—Children's hour. 9:oo—Southwind Sketches. 9:3o—Mexican Marimba Tvpica orchestra iNBC'. 10:00—Morning Muslcale. string quartet. guest artist 'NBC'. 10:30—Rondoliers. male quartet 'NBCi. 10:45—Antobals Cubans, with Antonia and Daniel iNBC). 11.00—Threesome and organ. 11:30—Radio City concert (NBC). P. M. 12:30—Sonata Recital. Josef Honti. pianist; Josef Stopok. violinist NBC). 1:00 —Autumn Idyll, Gloria Lavev, soprano; instrumental trio (NBC). I:ls—College of Music recital. 1:30 —Jan Garber's orchestra (NBC>. 2:oo—Wayne King orchestra (NBC). 2:3o—Theater of the Air. 3:OO—J. Alfred Schehl. organist. 3:30 —Temple of Song. Chicago A Capello Choir, direction of Noble Cain (NBC). 4:00—To be announced. 4:3o—Hymn Sing. s:oo—Flying Dutchman dance orchestra. s:3o—Gen% Burchell dance orchestra. 6:oo—VincSit Lopez orchestra. Alice Joy. contralto. 6:30—T0 be announced. 7:oo—Bert Lahr and Rubinoff's orchestra (NBC). B:oo—Revellers quartet and AI Goodman's orchestra (NBC). B:3o—Walter Winchell (NBC). B:4s—Southwind. 9:oo—Jack Benny iNBC). 9:3o—Cowards Never Started. 10:00 —Gene Burchell dance orchestra, 10:30—Orchestral Gems. 11:00—Dance Nocture orchestra. 11:30—Bud Shav ar.d his orchestra (NBC). 12:00—Gene Burchell dance orchestra. A. M. 12:30—Sign off.

Produce Markets

Delivered in Indianapolis prices—Hens, 10c; Leghorn hens. 7c; springers, 4% lbs. and over. 11c; under 4Vi 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 be made. Butter—No. 1. 25®26c; No. 2, 22® 23c. Butterfat, 18c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO, Sept. 29.—Eggs—Market, firm; receipts. 4,326 cases; extra firsts, 18c; dirties, 12’*c; current receipts, 15®15%c. Butter—Receipts 15.948 tubs; market, steady; specials, 23%@24c, extras, 23cextra firsts. 20% ® 22c; firsts. 18 @lß%c; seconds. 16%®17c; standards, 2lc. Poultry Market, steady: receipts. 32 trucks; fowls. 10®ll%c: Leghorn broilers. 9c: Leghorns. 7%c; ducks, ll'ic; gese. Pc; turkeys. B@9c: roosters, 6@7%>c. Cheese— Twins, 11%©12c; Longhorns, 12%®12%c. Potatoes—Shipments, 852, arrivals 85, on track 263; supplv moderate; demand and trading moderate: slightly stronger; Wisconsin Cobblers, $1.30©1.45, mostly $1.40; Minnesota, North Dakota Cobblers, $1.40® 1.45. few $1.5001.55; Red River Ohios. $1.35® 1.40; South Dakota, early Ohios partly graded $1.1001.20; Idaho Russets, [email protected]; combination. $1.40.

In the Cotton Markets

—Sept. 29 CHICAGO High Low Close January 10.21 10.02 10.02 March 10.38 10.18 10.18 May 10.56 10.36 10.36 July 10.66 10.53 10.53 October 9 73 December 10. 18 9.93 9.93 NEW YORK January 10.15 9.95 9 96 March 10.34 10.11 10.11 May 10.49 10.26 10.26 July 10.63 10.42 10.42 October 9.80 9.65 9.65 December 10.08 887 9.87 NEW ORLEANS January 10.12 9.94 9.94 March 10.31 10.09 10.09 May 10.45 10.26 10.26 July 10.59 10.40 10.40 October 9.77 9.59 9.59 December 10.05 9.84 9.84 CHICAGO FRUIT MARKET By United Press CHICAGO. Sept. 29.—Apples—Michigan wealthies bushel. 75c® $1: Jonathans, bushel. $1 ® 1.15. Pears—Michigan Keifers. 75c. Carrots—lllinois. 20 2%c: Ohio. 3%c. Eggplant—lllinois bushel. 35® 50c. Spinach—Michigan, bushel. 50®85c. Beans —lllinois, green. $1®1.25. Cabbage—Wisconsin crate. [email protected]. Peppers—lllinois, bushel. 40050 c. Celery—Michigan crate. ?o®4oc: flats. 35040 c. Corn —Illinois. 25@ 40c. Corn—Wisconsin. 75c®$l. Tomatoes —Michigan. 200 25c. Grapes—Michigan. 12 quarts. 20®22c; four auarts. 12012%c. Onion market; California—Valencias, bushel. $101.15: Wisconsin, yellows, bushel. 65 0 70c: Indiana, yellows. 75070 c: Illinois, veilows. bushel. 65 0 70c: Minnesota and Indiana, whites, bushel. $1.15.

4A-K-5-3-2 VQ-7-6 ♦ K-Q-6 *5-4 A 6-4 r— ■ ■ AJ-10-VA-K- NORTH 9 . 7 3 - 2 fc J¥B ♦ J-10-8 u w 49-5 *J-9- 5 H *A-K----6-2 Dealer Q-10-SOUTHI 8-3 AQ-8 VJ-10-9-5-4 ♦ A-7-4-3-2 *7 21

it as a singleton, and placed all the remaining hearts in the opposite hand. According to this count, West must have held four hearts originally, and the lead of the club suit marked him with four in that suit. If his remaining five cards were three diamonds and two spades, the contract could still be made. With any other distribution, West would be able to ruff one of these suits before declarer or dummy, and thus make his small trump. Declarer played two rounds of spades and three rounds of diamonds, winning the third with the ace in his own hand. The fourth diamond then was led, and West was helpless. Whether he ruffed high or low, or not at all, his only remaining tricks were the ace and king of hearts. (Copyright. 1933. bv. NEA Service. Inc.)

BUY YOUR FROM 30TH & CENTRAL SALES TA. 5550

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WHEAT LOSES INITIAL GAINS IN LATE TRADE Major Grain Closes Down 1-8 to 3-8 Cents: Corn Holds Firm. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Sept 30. Sympathy with Winnipeg, higher stocks and higher cotton, and a belief that President Roosevelt shortly will make an announcement concerning mor.nary matters were factors which strengthened grains Friday. All grains displayed a firm undertone and prices averaged higher, but there was little breadth to the trading. Trade in wheat was mainly in small lots with commission houses on both sides. There was no material pressure on corn and other grains and prices during the day moved upward on scattered buying in response to the firmness in wheat. At the close today wheat was off % to % cents; corn was unchanged to up % cenis. and oats was % to % | cents up. Provisions were quiet. With expectation that President Roosevelt soon would make a decision concerning monetary matters. there was heavy buying on the wheat market at the opening. Liverpool exhibited considerable strength and was up % to % pence and there was an upturn in stocks. Both of these factors were influential. Chicago Primary Receipts —Sept. 29 Buschels. Last Todar. week. Wheat 933,000 816,000 Corn 801,000 1,178.000 Oats 234.000 363.00(1 Chicago Futures Range —Sept. 29 WHEAT— Prev. Ooen. High. Low. Cio-e. close. Sept.. .87% .88 .86% .86% .83% Dec. .90% .91% 89% 89% .89% May. .95 .95% .93% .93% .94 CORN— Sept.. .46% .46% .46% .46% .46 Dec. . .50% .51 50% .50% .50 Mav.. .57 .57% .56% 56% .56% OATS— Se &YE ' 36l * ' 367 * ‘ 36 '' 4 • 36 ** ' 3Bli Sept. .66% .66% .66% .66% .65% Dec. .70% .71 69% .69% .69% Mav.. .77% .77% .76% .76% .76% BARLEY— Sept 54% .53% Dec . .58 59 .58 58% .57% May.. .63% .64 .63% .63% .63% LARD— Sept.. .... .* 5.42 552 Oct.. 547 5.50 5.42 5.42 552 Nov 5.55 5.65 Dec. . 5.87 5.87 580 580 5.87 Jan 6.37 6.40 6.30 6.30 6 40 BELLIES— Sept 5.50 5 50 Oct 5.42 5.42 5.25 5.30 5.42 Dec. . 5.90 5.92 580 5.82 5.85 Jan .... .... 6 50 6 50 ST. LOUIS CASH GRAIN By United Press ST. LOUIS. Sept. 29 —Cash grain: Wheat —ln good demand, steady to lc higher: No. 2 red. 90®90%c; No. 3 red. 89®90c; No. 2 red garlicky. 89c: No. 5 red garlicky. 88%c: No. 2 hard. 90c; No. 1 mixed. 90c Corn—ln fair demand. %c lower to %c higher: No. 2 mixed. 47c; No. 5 mixed. 43%c; o. 2 yellow. 47c: No. 6 yellow. 43c: No. 2 white. 49c: No. 3 white, 48c. Oats—ln fair demand, unchanged to lo lower: No. 3 white. 36c: sample white. 32%c; No. 1 mixed. 36c; No. 2 mixed. 35 ®35%C. CHICAGO CASH GRAIN By United Press CHICAGO. Sept 29.—Cash grain close: Wheat—No. 1 hard. 89®90c; No. 2 hard. 88%®88%c: No. 1 mixed. 87c: No. 3 mixed. 85%c. Corn—No 2 mixed. 46%c: No. 5 mixed. 41%c: No. 6 mixed, 40%®40%c: No. 2 vellow, 46%®46%c; No. 3 yellow. 45%®45%c; No. 4 vellow. 44%@44%c; No. 2 white. 47@47%c: No. 3 white 46%c: sample grade. 37c. Oats—No. 2 white. 36® 37c: No. 3 white. 35®36c: No. 4 white. 34c: sample grade. 63c. Rve —No sale. Tim--0thy—55.75(06.25. Cloverseed—sß® 10.50. TOLEDO CASH GRAIN By United Press TOLEDO. Sept. 29.—Cash grain close: Grain in elevators, transit billing: Wheat —No. 2 red. 88%®89%c Corn—No 2 yellow. 51®52c. Oats—No. 2 white. 40®41c. R ve —No 2. 74® 75c Track prices. 28%c rate: Wheat—No. 2 red. 84%®85%c. No. 2 red. 83%®84%c. Corn—No 2 vellow. 46%®47%c: No. 3 vellow. 45%© 46%0. Oats—No 2 white. 37®38c: No. 3 white. 35 %® 37c. Toledo seed close: CloverCash $6 80; October. $6.90-B; December. S7-B. Alsike—Cash. $8.25; December. $8.50. Toledo produce close: Bu it£TYlT ancy creamery. 27c. Eggs—Extras. 23®23%c.

Indianapolis Cash Grain

—Spt. 29 The bid for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41'* New Y °Whe r at— No. 1 red. 78 , No. 3 red. 77W 78c; No. 2 hard, 77@78c. Corn—Firm: No. 2 white. 4243 c; No. 3 white 41 (ft 42c: No 2 yellow. 39'a40c No. 3 yellow, 38(1739c; No. 2 mixed. 38C(i39c; No. 3 OatsApirm; 3 *No. 2 white, 81(R32c; No. 3 Wh Hay— Steady. (F. o. b. country points taking 23'*c or less rates to Cincinnati or Louisvillei. Timothy—No. 1, $6(36.50. No. 2 timothy. $5.50(6(6. . Wheat—No. 1 red. 1 car; No. 2 red. 2 cars: No. 3 red. 1 car; No. 1 hard, 1 car; No. 1 mixed, 1 car. Total. 6 cars Corn—No. 3 white, 3 cars. No. 2 yellow, 3 cars; No. 3 yellow. 4 cars; No. 4 yellow, 2 cars; No. 5 yellow. 1 car; No. 6 vel.OW, 1 car. Total. 14 cars. Oats—No 2 white, 1 car; No. 3 white, 2 cars; No. 4 white, 1 car; No. 2 mixed, 1 car. Total. 5 cars. INDIANAPOLIS WAGON WHEAT Cltv grain elevators are paving 77 cents for No. 2 son. red wneat. Otner grades on their merits.

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