Indianapolis Times, Volume 45, Number 141, Indianapolis, Marion County, 23 October 1933 — Page 11

OCT. 23, 1933

Wall Street.

Stock Market Action Reflects Uncertainty in Business Outlook: New Lows Established. By RALPH UNDERSHOT Tim<■ Special Financial Writer

The action of the stock market during the last week reflected the uncertainty In Wall Street over the business outlook Prices fluctuated back and forth in rapid succession, but tended downward. Old resistance levels were pierced, and at times values were not far from the lows of last spring. If reduced to a gold basis the bottoms of the week would have constituted new low levels for the depression in a great many instances. y It was to be expected that the introduction of the NRA would occasion no little confusion. The introduction of the various codes and their effects on prices of goods was bound to retard business, and it is surprising that the swift movements in that direction did not offset

more of the favorable results of the government program. It is no simple matter to adjust one business organization to anew code of practice. How much more difficult it must be to adjust an entire industry, and, in fact, the entire country to the change! The uprising in the labor ranks added to the confusion, and the normal buyers’ resistance to the higher prices threw another monkey wrench into the machinery. BUB Adjustments Take Time While the NRA has been praised and cussed in all quarters, there has been no indication that drastic revision is contemplated, or that the idea is to be abandoned. If anything the outlook is for more drastic enforcement. In another month or so, therefore, the chances are that the necessary adjustments will have been made and industry will be better able

Ralph Hendershot

to make plans more than a day or a week ahead. Moreover, it must bp admitted that a greater volume of business is being transacted now' than before the code went into effect. Profits are not so great in many instances, to be sure, but there is hope that this weakness will be corrected, to some extent at least, as time goes on. Ifc would seem, therefore, that investors have not properly appraised the situation when they sell securities down to a point—in gold—below the market prices existing last March. a a a Russian Recognition Divergent views are held on the volume of trade which will result from recognition of Russia by the United States, as now seems likely, but unbiased authorities incline to the view that it will be of substantial proportions—if credit is made available. It is quite passible, of course, that manufactured goods will not go as well as some people anticipate. Indications are that Russia wants the machinery with which to manufacture her own products and that it is in the sale of this machinery and basic materials that the United States stands to profit the most from recognition. Whether ample credit Is made available remains to be seen. In all probability, however, the government has taken that factor into consideration and will see to it that the good effects of recognition are not allowed to be destroyed by deficiencies in that respect. It means a great deal to the success of the recovery program here.

New York Stocks (By Abbott. Hoppin Sc Cos.)

—Oct 23 - Prev. Oils— High. Low. 10:30 close. Amerada ... 41 40 Atl Rf K 27 Vs 26 Consol oil ... ... 974 Barnsdall 76 Cont of Del 15% 14% Houston fnew).. .. ... 4 Houston 4old• .... ... ... 18% Mid Cont Pet 11 9% Ohio Oil 13% ... Pet Corp 9% 9% Phillips Pot 14% 12% Pure Oil 10% 10 Roval Dutch .. ... 31% Sbd Oil 33 32% 33 33% Simms Pet ... ... 8% Skellev Oil 6% Soc Vac 10% 10% S O of Cal 37% 34% S O of Kan .73 8 O Os N J . 40% 39% 40% 38% Texas Corp 22% 21% Tidewater Oil 9% Tidewater Assn ... ... 10% ... Un Oil of Cal 19 17% Steels— Am Roll Mills 15 13% Beth Steel . 21% Byers AM 19 Ve 19 Col Fuel & Iron .. ... ... 17% Inland Steel ... ... 26 Llldlum Steel 9 8% McKeesport Tin. .. ... ... 68% Natl Steel 33% Rep I & Stl 10 Rep I & Stl pfd 22% 22% 22% ... U S Smelt 90 87 % 87% 78 Vanadium ... 15% 14% Shell Un 7% 6% U S Pipe & Fdv 12% U S Steel 37 35% U S Steel pfd 76% 76% Young.stn S <fc T 13% Kails— Atchison ... 46 Atl Coast Line 27% B ai: O 22 21 % 22 19% Can Pac .. 11% Chi <Xr 0hi0... 38% 38% 38% 37% C M & St P 4% C M 5c St P pfd 7% 6% 7ti 6% Chi N W 6% Chi R Isl 33 Dela At Hud . . .. 45 Great Northern 16 15%% 16 14% 111 Central 26 25 25% 22 K C Sou ... ... 10 Lou & Nash 36% 36 M K Ac T 7% Mo Pac . . ... 3i 2 Mo Pac pfd ... . 41 3 N Y Cent 26% N Y Chi & St L 14% N Y Chi & S L p 15% N Y New Haven .. ... 15 14 N Y Ont & Wes! 8% . Norfolk Ac West.. .. ... . 139 Nor Pac i7% 15% Pfun R R 24% 23 24% 23% Sou Pac 171. Sou R R ; 177 J Sou R R pfd 21% 20 Union Pac. 101 100% 101 98 Wabash 2% West Mary ... 71. 7 Motors— Auburn 35% 33 % Chrysler 40 37% Gen Motors ... 26% 24% Hudson 10% *BS" Hupp ... 3 a“ Mack Truck * 22% Nash 17 16% Packard 2% 3% Reo ... ... 0% Studebaker ... ... 41' Yellow Truck 4 3 7 g Motor Access— Bendlx 11% 10% Bohn Alum ....... ... . 3 gt, Bore Warner ... 133 4 isa* Briggs 7% 7 7% 7% Proc A- Gamble 3937 3 ri, Budd Wheel ... 3 t, Eaton Mfe 11 10% 10% 10’ 2 Elec Auto Lite 13% 12% Houd A 2% Mullins Mfe ... ... 4 Murray Body 4% 4 Stew Warner ... . 5% 5% Timken Rol 23% 22% 23% 22% Mining— Alaska Jun 24% 24 24% 19% Am Smelt 31'2 Am Loco 21 % Am Mach At Fdy 13 %

SOO-30 PER OU= MONTH Compare This 16 Months Finance S4OO Balance New Fords, CHevroiets, Plymouths THIS INCLUDES Liability, Property Damage. Fire. Theft, Tornado and $50.00 Deductible Collision INSURANCE GREGORY & APPEL INCORPORATED 247 N. Penn. St. Lincoln 7491

Abbott, Hoppin & Company 203 Continental Bank Building RI ley 5491 Indianapolis New York Pittsburgh Chicago MEMBERS: New York Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Curb Exchange Chicago Board of Trade New 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

Am Steel Fdy 15% 16(4 Balu Loco 10% 10% 10% 9% Burroughs . 113-, Case J I 55% Cater Tract ... 18 17 Colgatt Palm Pt 12% Congoleum 21% 21% 21% 20% Elec Stor Bat 36% 34% Foster Wheeler.. 12 11% 12 11'i Gen Am Tk Car 29% 28% 29% 27% Gen Elec 18% 18% 18% 17 Gen R R Sig 28% Ingsol Rand 50% Int Bus Mach jog Int Harvester.. 35% 35'4 ’35% 33% Kelvinator ... ini’ ■ Natl Cash Reg.. .. . *13% 12 Pullman Inc ... .. . 4 40% ! Simmons Bed . 15% ii% 'l4l/I Und Elliot 24% '22% West Air B . 25% 23% Westlngh Elec 32% 32 32% 29% Worthington Pm .. „. 17% ie% Utilities— Am & For Pwr . .. 7_ Am Power Ac Lit. 7Va 7*4 * ’7l/2 71® AT&T H4l * 1101® Am Wat Wks... .. ..! 20% 18% Col Gas & Elec.. 12% 12% 12% ns" Com & Sou 2% 2 2Vk 2> Consol Gas Elec Pwr & Lit "k k. 4 Int TANARUS& T 11 io% io% g 3 2 Nat Pwr A- Lit 2 losj North Amcr 17% 17% ri% ifi% Pub Serv N J.. .. . *39*o 77 So Cal Edison igi| 1754 Std Gas pfd . jo United Corp .... 6% 6 6% 514 Un Gas Imp 17 16% 17 lfiC Ut Pwr & Lit A. .. . 3% 3% Western Union . .. . 441/0 413/. Rubbers— 2 /s Firestone 17 i=j/ Goodrich 11% io% pv, 91® Goodyear 27% 26% 26% 25 U S Rubber ... 13% 13 13% 11 U S Rubber pfd. 20% 19)4 20% 1734 Kel Spring ..... .. ... 2% 2 Amusements—- | Fox Thea . 12 : Loews Inc 27% 27% 27% 25% j Radio Corp 6% 6% 6% 6% ' RKO 2Vi 2% (Warner Bros ... 6% 6% 6% 6 Foods— Anaconda 12% 12% 12% llVi ! Cal & Hecla ... 4% 3% j Cerro De Pasco. .. ... . 24% ( Granby 7% 714 Gt Nor Ore ... . , 8 Homestake Min 325 300 Howe Sound .... 24% 24% 24% 22 Ins Copper .. 414 4 Int Nickel 17% 17% 17% 16% Isl Creek Coal.. ... 16% Kennecotr Cop.. 18% 17% 18% 29 Noranda Cop . . 32 31 % 32 . . Phelps Dodge ... 14% 14 14% 12 Tobaccos— Am Snuff. 471/3 Am Sum Tob ii% hi/. Am Tobacco 751-3 74 Am Tob iß> 78 76% Gen Cigar ... ... 28% Ligg & Myers <B) ~ ... .. 86% I Lorrillard is 17% | Reynolds Tob iB) 45% 45 45% 43% Equipments— Allis Chalmers.. 15 14% 15 31% j Am Car & Fdv is Am Sugar 51 ij 48% Armour A 3% 3% 3% 3% Beatrice Cream n% 10% Borden Prod 21% 20% Canada Dry G A 24% 23% Cont Bak A 9% 8% Corn Prod ... ..." 7434 Crm of W-heat ... 27V 27 27 % 26 Gen Foods 33% 32% Gold Dust 17% 17% 17% 16 G W Swear 32% 29% Loose Wiles 35 Natl Biscuit . 43 41% 43 40% Natl D Prod 14% 13% Pet Milk 10' 2 Purity Bak 13% S Porto Rico Sug . . 35% 33 Std Brands 22% 21% 22% 21 United Fruit ... 58 57% 58 56 Retail Stores— Ass Dry Goods 10% Best & Cos 21 % Gimbel Bros 3% Jewel Tea ... . 27% Kresge S S io% 10% Kroger Groc 20 19% Macv R H ... . 48% May Dept St 24% 25% Mont Ward 17s* 15% Penny J C 39 Safeway St 38 35% Sears Roebuck 35 32 Woolworth 36 351, Aviation— Aviation Corp .. .. ... Douglass Air ... 12% ni, Curtiss Wright. 2 Curtiss Wri lA> 4% Nrr Am Aviation ... 43 4 43' United Aircraft.. 27% 27 27% 25% Chemicals— * Air Reduction 951, 92% , Allied Chen; ... ... 120% Am Com Alcohol . . . 50 44 Col Carbon 45 Com Solvents 31 30% 3i 29% Dupont .... 72% 72 72% 68% freepprt Tex 41 38% Liquid Carb 25 21 % Math Alkali .. . . 3514 33 ! Tex Gulf Sulph 37 ; Union Carbide 39 qs U S Indus Alco 59 545. D>st 86% 86 86% 82% Drugs—- ! Lambert 27% 25% Lehn At Fink 151* Zonite Prod 5 Financial— Adams Exp ... 7 gu : Allegheny Corp 3% 31,, Chesa Corp 32 30 Trar.samerica ... 5% 5% 5% 5 Tr Conti Corp 4 3%

STOCKS 1 TOl2 POINTS HIGHER IN FASTTRADE Mining Issues Strongest; Sales Volume Shows Increase.

Average Stock Prices

Average of thirty Industrials for Saturday: High 87.69, low 82.20. last 83.64, off 2 99: average of twenty rails, 36.15. 33.70, 34 10. 0ff—1.27- average of twenty utilities, 24.00, 22.89, 23.14, off .62; average of forty bonds, 84.i7, oft .04. BY MAX BUCKINGHAM United Press Financial Writer By United Press NEW YORK, Oct. 23.—Prices on the New York stock market jumped 1 to more than 12 points on the opening today following President Roosevelt's speech, saying commodity prices must go higher. Opening blocks ranging from 1,000 to 4,000 shares came out in initial dealings. Cotton prices jumped $1.25 a bale. Mining shares led the recovery, based mainly on the President’s announcement he was having the Reconstruction Finance Corporation purchase newly mined gold. Homestake Mining advanced 25 points on the first sales, touching $325 a share. Alaska Juneau advanced 4% points; Noranda Mines was up 2% points; U. S. Smelting jumped 12 points to 90. Other quotations included: American Telephone, 2,000 shares, 144’,2, up 2%; United States Steel, 2,500 shares, 37, up 1%; National Distillers 86, up 3%; Dome Mines, 3,500 shares, 34%, up 4M*; American Commercial Alcohol, 50, up 6; United States Industrial Alcohol, 49, up 4%; Westinghouse Electric, 1,500 shares, 32%, up 2%. Many issues which would profit by recognition of Soviet Russia were stronger. International Harvester opened at 1,000 shares, up 2%. J. I. Case was up 5% points. Profits were general through the list. Allied Chemical gained 5% points to 126. Mclntyre Porcupine, a gold miner, came out at 5,000 shares, up 5 points. American Can was up 2% points while Atchison showed a 4-point gain. New York Central was up 2% points.

Bank Clearings

INDIANAPOLIS STATEMENT —Oct. 23Clearings $1,372,000.00 Debits 3,848.000.00 TREASURY STATEMENT Net balance for Oct. 20 $987,618,485.92 Misc. int. rev. receipts 2.602.504.65 Customs reepts (mo. to date) 21,243,668.57 New York Curb (By Abbott, Hoppin & Cos.) —Oct. 21— Close! Close. Alum Cos of Am. 50 Imperial Oil ... 11% Am Cyan B 8% Inti Ptrol 16% Am Gs & E 1... 23% Lake Shore Min 43' 4 Am Sup Pwr... 3 ILone Star Gas.. 6 Ark Ntl Pw-r A. IV4 Mount Prod .... % Atlas Ut Crp... 9% ( Natl Bellas Hess 1% Axton 61 Niag Hud Pwr.. 5% Can Marc 2Vi Pan Am Airways 42% Cities Serv 2Vi St Regis Paper.. 3 Cord !5% Std Oil of Ind.. 28% El Bnd & Sh.. 15%-Std Oil of Ky.. 14'% Ford of Eng... S’/s Un Lt & Pwr A 3 Ford Mot Can.. 10 iWright Harvrave 6% Hudson Bay Mi B%| Liberty Bonds By United Press NEW YORK, Oct. 21.-—Closing Liberty Bonds: (Decimals represent thirty-seconds) Liberty 3%s (32-47) 102 20 Liberty Ist 4%s (32-47) 102 24 Liberty 4th 4%s 133-38) 103.18 Treasury 4%s (47-52) 110.15 Treasury 4s (44-54 1 106.4 Treasury 3%s 146-56) 104.16 Treasury 3%s (43-47) 102 Treasury 3%s (41-43 1 March 102.1 Treasury 3%s (40-43) June 101.30 Treasury 3%s (46-49) 100.6 Treasury 3s (51-55) 98 23 Treasury 4%s (41) 101.8 New York Bank Stocks Bv Abbott. Hoppin & Cos. —Oct. 21Bid Ask Brooklyn Trust 82 85 Central Hanover 112% 114% Chase National 20 20% Chemical 31!/g 31% City National 22% 22% Corn Exchange 47% 48% Continental 11% 11% Empire 16% 17 Vi First National 1,210 1,225 Guaranty 278% 280 1 2 Irving 14% 15 Manhatten & Cos 22% ... Manufacturers 11% 12V; New YorK Trust 83% 84% Public 22% ... LEAGUE OF NATIONS BODY TO MEET HERE International Relations Council to Hold Fall Institute The annual fall institute of the Indiana Council on International Relations will be held in the Y. W. C. A. Nov. 10 and 11, in conjunction with the state convention of the League of Nations Association. Guests and speakers will include Clark M. Eichelberger, director of the mid-west branch of the League of Nations Association; the Rev. Elmer G. Homrighausen, Carrollton avenue Reformed church pastor; Dr. Alden G. Alley, of the National Council for Prevention of War; Samuel s. Wyer, Columbus (O.) engineer; Dr. James A Woodburn, professor emeritus of history at Indiana university, and Rev. C. Franklin Koch, pastor St. Paul’s Evangelical Lutheran church, Richmond. LIONS ARRANGE PARTY Halloween Event to Be Held at Hotel by City Club. Annual Halloween party of the Lions Club will be held at 6:30 Wednesday night at the Washington. Dinner, cards and dancing will form the program. Because of the party, the weekly luncheon has been canceled. BIRTH CONTROL IS TOPIC Medical Society to Hear Symposium on Movement Tomorrow. Relation of the birth control movement to the medical profession will be the subject of a symposium at the Indianapolis Medical Society meeting Tuesday night in the Athenaeum. Speakers will be Dr. Charles McCormick; R. Clyde White, Indiana university sociology professor; Dr. FTank C. Walker. Dr. A. M. Mendenhall. Dr. M. N. Hadley. Dr. Max Bahr and Dr. Louis Segar-

LOST-r Power and Speed if your carburetor needs attention— Service by Experts Costs No Moro CARBURETOR SALES AND SERVICE *l4 B. Ohio St. LI-4956.

THE INDIANAPOLIS TIMES

| Chicago Stocks | "" By Abbott, HopDln is Cos.

—Oct. 21Total Sales, 25.000 Shares High Low Last Abbot Lab 39 % 38% 38% Asbestos Mfg 3% 3% 3% Bastian-Blesslr.g 5% Beatrice Crean.ery 11 104 10 2 Bendlx Aviation 11% 10% 104 Berghoff Brew Cos 8% 84 8 4 Borg-Warner 124 12 124 Brown Fence & Wire A 54 5 5 Butler Bros ... 3 Castle, AM 104 104 104 Cent 111 Pub Serv pfd 18 Cent & So West P L pf 94 9 9 Chi 61 Northwestern.... 74 64 64 Chicago Corp Com 24 2 24 Chicago Corp pfd 22 hicago Mail Order .... 104 10 10 Cities Service 24 24 24 Commonwealth Edison. 42 4 42 4 42 4 Cord Corp 64 54 54 Crane Cos 54 SV 54 Crane Cos pfd 32 Vs 32 32 De Mets, Inc., pince.... 16 144 144 Dexter Cos ... 44 Fitzsimmons & Connell 13 General House Util 13 124 124 Great Laxes Dredge.... 16 144 15 Grigsby-Grunow 14 14 14 Houaaille-Hershey tA) 74 Houdaiile-Hershey ißj.. .. ... 24 Jefferson Elec 10 Kaiamazoo Stove ... 14 Kingsbury Brew Cos ... 8 Liboy-McNeil ... 24 Lynch Corp 30 4 29 4 29 4 Marshall Field 124 12Vs 12 4 McGiaw Electric 4 McWilliams Dredg Cos 134 Middle West Utilities.. ... 4 Noblitt Sparks Ind Inc 21 Pines Winterfront 14 Prima Cos 12 Process Corp 3 24 24 Public Service N P .... 204 20 20 Raytheon VTC 2 14 2 Swift &Cos 134 12Vs 12Vi Swift Inernacional .... 204 194 204 Walgreen Cos com 154 154 154 Ward, Montgomery (A) 584 56 56 Waukesha Motor ... 254 West P L & Tel (A) 4 Yates Machine 4 Zenith Radio 14

On Commission Row

—Oct. 23Fruits Cranberries—Cape Cod early blacks. 25lb. box, $2.25. Grapes—California seedless, crate, $2.25; California Tokays, crate. $1.60; Ohio Concords. 12 2-quart baskets, $1 65; Michigan Concords, 12-quart basket, 35c. Melons —California Honevdews, (6s-ss) $2.50; Persians 16s) per case, $2.50, Casabas (6s) per case $2.50. Pears—New York Bartletts (No. Is), per bushel, $2.25; Oregon Bartletts (135s 150s--1655), $3.25; Avacados, Fla., (10s-16s), crate, $2. Bananas—Per pound, SV2C. Apples—Wealthy, Wolf River, Grimes Golden Jonathan, [email protected] a bushel; fancy Jonathans, $2®2.15 a box. Grapefruit—No. 2, sealed-sweet case, $2.80; dozen, $1.45; No. 2. Phillips juice, case, $2.60; dozen, $1.35. Prunes—ldaho Italian, 16-lb. lugs, sl.lO. Oranges—California Valencias, $3.50@ 4.75 a box. Lemons —Fancy California, [email protected] a box. Vegetables Cabbage—lndiana Dannish, 50-lb. bag, $1; Eastern Dannish, 50-lb. bag, $1.15. Onions—Utah Spanish, 50-lb. bag, $1,35; Western white. 50-lb. bag. $1.50; Indiana white. 50-lb. bag. $1.25; Indiana, yellow, 50-lb. bag. 85c; 10-lb. bag, 22c. Beans—Round stringless, bushel $1.85. Beets—Home grown, dozen,2sc; bulk per bushel, 85c. Carrots —Home grown, dozen, 35c; bulk, per bushel, sl. Cauliflower—Utah. (lOs-lls-ls) crate, $1.50. Celery—Michigan Mammoth, bunch. 60c; medium bunch, 35c; hearts, 30c; 16 bunch Lettuce—Home grown 15-lb. basket, 60c; home grown, Endice, dozen, 40c; Iceberg, best 4s crate, $3; 5s crate, $3.25; hothouse, 15-lb. basket. sl. Radishes—Buttons, Ohios, dozen. 60c; per 2 dozen basket, sl. Spinach, broadleaf, per bushel. 75c. Turnips, per bushel. 85c. Tomatoes—Home grown, 10-lb. basket, 40c; home grown, per bushel, $1.25. Potatoes—Northern Round White. 100-lb. bag. $1.50; R. R. Ohios, 100-lb. bag, $1.60; Minnesota cobblers. 100-lb. bag. $1.50; 15-lb. bag, 34c; Wyoming triumphs. 100lb. bag, $2.10. Sweet Potatoes—lndiana Jerseys No. 1, hamper, $1.40; Nancy Halls, per bushel, $1.25.

Produce Markets

Delivered In Indianapolis prices—Hens. 10c: Leghorn hens. 7c; heavy breed springers. 10c: Leghorn springers. 7c: cocks. 5 lbs. and up. 6c: under 5 lbs., 4c, ducks. 4% lbs. and over, full feathered ard fat. 6c; under 4% 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®J 23c. Butterfat, 18c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO. Oct. 23.—Eggs Market steady; receipts, 1,390; extra firsts, 19%c: dirties. 12®i3%c; current receipts, 16® 17c. Butter—Market, unsettled: receipts, 16.215; specials. 23%@24c; extras. 23c; extra firsts, 20%©22c; firsts, 18®>19%c; seconds. 16%®17c; standards, 21c. Poultry —Market, steady: receipts, 4 cars, 21 trucke; fowls, 12%® 13c; Leghorns, broilers, 9c; Leghorns. 7c; ducks, 8®10c; geese, 9c: turkeys 8c; young turkeys. 12@13c. Cheese —Twins. 11%©12c: Longhorns, 12Vi © 12%c. Potatoes—Supply heavq, demand and trading moderate, steady; Wisconsin round whites. $1.15®1.20; North Dakota Red River Ohios and Red River cobblers, $1.15® 1.20; Minnesota round whites. $1.05 @1.15; South Dakota round whites, 85c@ $1; Colorado McClures. $1.45: Idaho Russets. $1.54®1.60: mostly $1.50®1.60; shipments. 9323; Saturday, 31; Sunday arrivals 220. on track 464.

Investment Trust Shares

(By Abbott, Hoppin Ac Cos.) —Oct. 21Bid. Ask. American Bank Stocks Corp 85 .90 American & General Sec A 5.00 6.00 Basic Industry Shares 2.81 2.86 British Type fnv Tr Sh 45 .50 Collateral Trustee Shares (A).. 4.00 4.37 Corporate Trust Shares (oldi.. 1.98 2.02 Corporate Trust Shares (new).. 2.03 2.07 Cumulative Trust Shares 3 46 3.52 Diversified Trust Shares <A) .. 6.25 .... Diversified Trust Shares (B). .. 6.87 7.25 Diversified Trust Shares (C).. 2.65 2.70 First Insurance Stock Corp.... 1.25 1.30 First Common Stock Corp 85 1.00 Fixed Trust Oil Shares (A) 7.25 Fixed Trust Oil Shares (8).... 6.05 .. . Investors, Inc 16.25 16.62 Low Priced Shares 3.68 478 Mass Inv Trust Shares 16.12 17.62 Nation Wide Securities 2.85 2.35 North American Tr Shares (53) 1.64 No American Tr Sh (55-56) 2.08 211 Petroleum Trust Shares (A)...11.00 14 00 Sleeted American Shares 2.12 Selected Cumulative Shares 6.20 635 Selected Income Shares 3.00 325 Std American Trust Sh (A) 2.70 276 Trust Shares of America 2.62 266 Trustee Std Oil (A) 4.75 487 Trustee Std Oil (B) 4.20 440 U S Electric Lt & Pwr (A) 11.25 11.75 Universal Trust Shares 2.58 2.64 Births Boys Joseph and Geneva Bishop, city hospital. William and Alberta Lytle, city hospital. James and Anna Stone, city hospital James and Dorothy Lee. city hospital. Leo and Louise Welst, city hospital. Howard and Dorothy Rogers. Methodist hospital. William and Bertha Ranke. Methodist hospital. Herbert and Dorothy Pasch. Methodist hospital. william and Velma Thompson. Methodist hospital. James and Willie Prenzel, Methodist hospital. Joseph and Anna Murphv. 445 Goodlet. Neville and Louise Bell. 2515 Prospect Girls Albert and Grace McKinney, citv hospital. John and Ethel Roth, city hospital. George and Carrie White, city hospital. Jimmy and Lueva Hundley, city hospital. Paul and Martha Wilhelm, city hospital. Norman and Marie Williams, Methodist hospital. Kenneth and Ida Wagner. Methodist hospital. Thomas and Gene Gifford. Methodist hospital. Harry and Alma Emmert. 3413 West Washington. Jacob and Mildred Gumberts, 3846 English. Dakota and Alta Rexroat. 130 South Noble. Ernest and Elnora Thompson, 1546 North Arsenal. Deaths Irene Mudrvk. 3. Riley hospital, sarcoma. Clarence P. Johnson. 60. city hospital, broncho pneumonia Manford Gastineau. 42. city hospital, hypostatic pneumonia. Maud Wimer. 46. Central Indiana hospital, apoplexy. David Anderson. 80. 1124 Trowbridge, uremia. Abe L Keene. 44. city hospital, encephalitis. George B. Paxton. 57. U. S. Veterans' hospital, bronchial asthma. Coy O. Hale. 40. 1012 River, myocarditis. Minnie Doshia Eggers, 41. Long hospital, peritonitis. James Ross Roberson. 7. citv hospital, scarlet fever August Feick. 55. 1535 North Chester, chronic mvocarditis. Wiihilmeha Beuke. 60, city hospital, tuberculosis Ada Bruce McGregor. 62. 1326 North Tuxedo, chronic interstitial nephritis. Arlene Thomas. 49. 2433 North Schofield. fractured skull. Theodore Ranke, 3 days, Methodist hospital. atelectasis, Mary A. Lueckert, 41. long hosiptal, appendicitis Molly Thomas. 70. 832 Sanders, bronchopneumonia. Arnold H. Smith. 35. 117 West Emmett, chronic myocarditis. Milton E. Glunz. 24. ClWiUan hospital, peritonitis, J

SWINE PRICES HOLD STEADY AT CITY PENS Lambs Off 25 to 50 Cents; Cattle, Veals Remain Stationary. Porker prices remained unchanged at the city stockyards this morning, with all classes selling at Saturday’s average. Initial trade developed slow. The bulk, 160 to 300 pounds, sold at $4.45 to $4.50. Heavy grades weighing from 300 pounds and up were salable at $4.10 to $4.35. Lighter supplies scaling 130 to 160 pounds sold at $4 to $4.25, while 100 to 130 pounds brought $3.25 to $3.75. Receipts were estimated at 7,000; holdovers, 75. Steady trading featured the cattle market, with the early supply consisting of mostly common and medium classes. Several loads of feeder steers sold at $2.50 to $4.50Receipts numbered 400. Vealers were quotably steady, selling at $7 down. Receipts were 400. Decline of from 25 to 50 cents was evident in the lambs market. Good to choice ewe and wether grades sold at $7 down. Bucks ranged at $6 down. Throwouts were selling down to $3.50. Receipts 1,200Initial bids on hogs at Chicago remained stationary with Friday’s average at $4.60 downward. Early trading was slow and scarce. Receipts were estimated at 20,000, including 8,000 directs. Holdovers, 1,000. Cattle receipts numbered 22,000; calves, 2,000; market weak. Sheep receipts were 18,000; market, unchanged. HOGS Oct. Bulk. Top. Receipts. 16. $4.75® 4.80 $4.80 8,000 17. 4.60® 4.65 4.85 6,000 18. 4.45® 4.50 4.50 6,000 19. 4.45® 4.50 4.50 4,500 20. 4.45® 4.50 4.60 6,000 21. 4.45® 4.50 4.55 3,000 23. 4.45® 4.50 4.50 7,000 Market steady. (140-160) Good and choice. ..$ 4.15® 4.25 —Light Weights—-(l6o-180) good and choice.... 4.45 (180-200) Good and choice.... 4.50 —Medium Weights—-(22o-250) Good and choice.... 4.50@ 4.50 (220-250) Good and choice.... 4.50®4.50 —Heavy Weights—-(2so-290) Good and choice.... 4.45® 4.50 (290-350) Good and choice.... [email protected] —Packing Sows—(3so down) Good 3.60® 3.85 (350 up) Good 3.40® 3.75 (All w’eights) medium 3.25® 3.60 —Slaughter Pigs—-(loo-130) Good and choice ... 3.25® 3.75 CATTLE Receipts, 400; market, steady. (1,050-1,1001 Good and choice $5.00® 6.25 Common and medium 3.00® 5.00 (1,100-1,500) Good and choice 5.25© 6.35 Common and medium 4.00® 5.25 —Heifers—-(so-750) Good and choice 5.00® 6.25 Common and medium 2.75® 5.00 (750-900) — Good and choice 4.50® 6.00 Common and medium 2.50® 4.50 —Cows— Good 2.85® 3.25 Common and medium 1.75® 2.80 Low’ cutter and medium 75® 1.75 —Bulls (yearlings excluded) Good (beef) 2.50® 3.25 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 400; market, steady. Good and choice $ 6.50® 7.00 Medium 4.50®. 6.50 Cull and common 2.50® 4.50 —Calves—-(2so-500) Good and choice 4.00® 5.00 Common and medium 2.00® 4.00 Feeder and Stocker Cattle—-(soo-800) Good and choice 4.25® 5.00 Common and medium 3.00® 4.25 (800-1,5001-Good, and choice 4.25® 5.00 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 1,300) market, lower. —Lambs—(9o lbs. down) Good & choice.s6.so® 7.00 (90 lbs. down) com. and med.. 3.50® 6.50 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.00 Other Livestock BY UNITED PRESS CHICAGO, Oct. 23—Hogs—Receipts, 20.000 including 8.000 directs; slow' about steady; 140-280 pounds, [email protected]; top, $4.65; pigs, $4 down; packing sows, $3.10© 3.60; smooth light weights. $3.75; light lights 140-160 lbs., good and choice. $4.25© 4.55; light weight, 160-200 lbs., good and choice. $4.35® 4f60; medium weights, 200250 lbs., good and choice, $4.40®4.65; heavy weights, 250-350 lbs., good and choice, $3.7504.55; packing sows, 275-550 lbs., medium and choice. 52.90©3.75; slaughter pigs. 100-130 lbs., good and choice, $3.25®4.25. Cattle—Receipts, 22.000; calves, 2,000; falrlv active and fully steady trade on practically all grade's light steers and yearlings; very little done on medium weight and weighty steers; supply liberal and undertone weak; other killing classes unevenly lower; cows steady to weak; bulls 15 cents higher; vealers strong, largely steers with 7.000 western grassers, early top long yearlings 56.50; best weighty bullock, $5.90; slaughter cattle and yearling steers 550-900 lbs., good and choice, $5.25®6.50; 900-1.100 lbs. good and choice, $5®6.50; 1,100-1,300 lbs., good and choice, $5®6.35; 1,300-1,500 lbs., good and choice $4.75©6.25: 550-1,300 lbs., common and medium, $2.75®5; heifers. 550-750 lbs., good and choice, $5.25® 6.40; common and medium, $3©5.25; cows good, common and medium. $1.75®2.75: low cutter and cutter [email protected]; bulls yearlings excluded, good beef. $2.90®3.25: cutter common and medium. $1.75®2.90; yearlings, good and choice, $5.75®7.50: medium, $4.50®5 75cull and common, $3.50©4.56; steers, 5501.050 lbs., good and choice. $3.75®5.25; common and medium. $2.25®4. Sheep—Receipts, 18,000; indications steady; $6.75© 7 on best natives: best held above $7 25: rangers largely feeder flesh; sheep little changed; feeding lambs firm, mostly, $5.50 ®6.35; slaughter sheep and lambs, lambs, 90 lbs. down, good and choice, s6® 7.35; common and medium. $4®6.25: ewes 90150 lbs., good and choice, $1.5002.75; all weights common and medium, si®2 feedEAST ST. LOUIS. 111., Oct. 23—Hogs— Receipts. 7.500; market. 5® 10c lower: too $4.55: bulk 160 to 230 lbs.. $4.50® 4.55: 230 to 260 lbs., $4.35®4.45: no heavier weights sold: a few 140 to 150 lbs., $4.25®4.40: ;o to 130 lbs.. 53.50®4: sows mostly S3 is© 3.60. Cattle—Receipts, 5.500; calves. 2 000market, slow, hardly enough steers sold to establish a market: small lots about steady; mixed yearlings and heifers of light weight and good to choice flesh steady; cows and bulls unchanged: vealers weight lower with top $6.50: small lots of native steers. $5.50 down; few Oklahoma grassers. s2®2 50; mixed vearlings and heifers. $4®6.25: cows, [email protected]; low cutters sl® 1.25: top sausage bulls. $2.50: slaughter steers. 550 to 1.100 lbs., good and choice $5.25©6.50: common and medium. S3© $5.50: 1.100 to 1.500 lbs . choice. $5.50© 6: good. $5®5.75; medium. 53.75®5 25 Sheep—Receipts. 2.000: market, no early sales: packers talking lower on lambs- asking fully steady to strong; holding better lambs around $6.50 or above. Indications steady on throwouts and sheep. Lambs 90 lbs., down, good and choice. $6®6.75common and medium. S3 50®6.25: yearling wethers. 90 to 110 lbs., good and choice. s4®s: ewes. 90 to 150 lbs., good and choice] $1.50®2.75: all weights common and medium. sl®2. CLEVELAND. Oct. 23—Cattle—Receipts 1.000: market active and steady best vearlings quoted at $6.65 top: choice 750 to 1.100-!b. steers, $606.85 common to good 550 to 900 lbs . $3.25© 6.25: good heifers. $4 25®4 50; medium to good cows s2® 3.25; butchers. S3 25® 3.75. Calves— Receipts. 550: market 50 cents higher on good demand; choice to prime. $7.500 8: choice to good, S7O 7.50. common. s3© 5 Sheep—Receipts. 2 500: market steady with arrivals mostly common stock: choice wethers. $2.50®3 25: choice spring lambs $6.750 6 85; common and cull. S3O 5 good to choice, $6 25® 6.75. Hogs—Receipts. 1,500; market 10 cents lower: all sold early, heavies. $4 25®4 50; choice butchers. $4.50®4.75; light butchers and choice vorkers. $4.75 stags $2.25; roughs. $3.257?3.50: pigs. s4® 4 25 PITTSBURGH. Oct 23 —Hogs— Receipts. 3,500. holdovers, 600; steady to 10c higher: early tops. S5 on 220 lbs.: bulk 160-220 lbs.. $4 90® 5: 220-250 lbs.. $4.500 4.90 ; 250 lbs. up. $4.50 down: 150 lbs down. s4© 4 50: packing sows. $3.50 . 4.15 CattleReceipts, 1.300: steady to strong, mostly grassers: one mostly good grass steers, early at $4.70; two lots at $4 40; few head up to $5 down: medium kinds, mrstly $3.7504.25: common down to $2 50: most heifers. S3O 3 50; cows, steady; bulk up to $3.25; calves, receipts. 600: steady; bulk good and choice vealers, $7.5008. Sheep —Receipts. 2.500; steady on choice sorted 70-80 lb. lambs; bulk, $6.75®7; tops, $7; mixed lots, *6.25; medium, *405; aged wethers, quotable up to S3; ewes, *2.50 4om.

Further Retardation in Business Activity Shown

Commodity Prices Continue Upward Movement in September. By Times Special NEW YORK. Oct. 23.—Further retardation in business activity, which began late in July, was shown in the last six weeks, according to the current report of the National Industrial Conference Board. A decline in general production and less than seasonal advances in primary distribution and in consumer buying was evident in the month of September. Production in the heavy industries in September and the first half of October continued the dow'nw’ard movement observed in August. Automobile output was curtailed in the last six weeks. Production of steel and iron in September was under the level of August, but resisted further contraction in the first half of October. Bituminous coal production slackened after advancing in a seasonal manner in July and August; anthracite shipments in September continued the improvement observed in August. Electric power production declined, moving counter to the normal seasonal tendency in September and continuing in like manner during the first half of October. Building and engineering construction, on the other hand, was stepped up sharply, largely because of public awards; private construction increased unseasonally in response to advancing costs. Dollar Value Up Increases in distribution In September have been less than seasonal. Total shipments by rail of raw materials and finished goods moved up by an amount less than usual in September. Merchandise and miscellaneous carloadings were not up to expectations. Retail sales by department stores increased in dollar values less than seasonally, while prices continued to advance sharply. Department store sales increased less than seasonally in dollar value of turnover in September as compared with August. The gain of 28 per cent compares with an average increase of 34 per cent between the two months in recent pre-depres-sion years. The dollar value of sales in September was 2 per cent greater than a year ago. Prices of department store items were increased 5 per cent in September over August and were 14.6 per cent above September, 1932. After advancing 21 per cent from the low level in April, department store prices in September reached the level of September, 1931. The physical volume of sales by department stores in September was more than 10 per cent under the level one year ago. Prices of commodities at wholesale in general continued their upward movement during September, and held their average level in the first half of October. Although there was a net rise during the month, losses were sustained in major groups of items. Food Prices Weaken Foods weakened, as did hides and leather products; chemicals and

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. DOMESTIC RETAIL PRICES Indiana No. 4 and 6 lump. $5.75; egg $5.50; mine run. $5.25. Indiana No. 3, lump, $5.50; egg, $5.25; mine run. $5. Glendora, lump and egg. $6.25. Brazil Block. lump and egg. $6. RETAIL STEAM PRICES Pocahontas lump, $5.75; egg. $5.50; nut and pea, $5.75; mine run. $5.95. West Virginia lump, $5.75; egg, nut. pea. and mine run, $5.50. Kentucky, lump. $5.75; egg. nut. pea and mine run, $5.50. Indiana No. 4 and 6, lump, $5; egg, $4.60; nut and mine run, $4.50. Coke, truck or wagon load lots, egg, and nut, $7.50; pea, $5.50. Coke, less than truck or wagon load lots, egg and nut, $8.50; pea. $6.75.

Foreign Exchange

(By Abbott, Hoppin & Cos.) —Oct. 21— , Close. Sterling. England $4.53% Franc, France 0553 Lira. Italy 0745 Mark. Germany 3376 Guilder, Holland 5692 Peseta. Spain HB4 Krone, Norway 2277 Krone. Denmark 2024 Yen, Japan .2725

Federal Farm Loan Bonds

(By Blyth & Cos., Inc.) —Oct. 21— , Bid. Ask. 4s Nov. 1, 1957-37 86 86*4 4 May 1. 1958-38 86 86 3 ' 4 4Vis July 1, 1956-36 87 87 3 4 4V*s Jan. 1. 1957-37 87 87*4 4Vis May 1. 1957-37 87 87 3 4 4 x 4 s Nov. 1. 1958-38 87 87 3 4 4' 2 s Dec. 1, 1933-32 IOOVi 100 5 a 4> 2 s May 1, 1942-32 92 92 3 4 4',2S aJn. 1. 1943-33 92 92 3 4 4‘2S Jan. 1. 1953-33 89 3 4 90‘ 2 4 1 as July 1, 1953-33 89 3 4 90' 2 4*.ss Jan. 1. 1955-35 89 3 4 90‘, 4‘is July 1, 1955-35 89 3 4 90‘i 4*28 Jan. 1, 1956-36 89*,i 90'i 4*iS July 1. 1953-33 92 3 / 4 92 3, 4 4 3 4 s Jan. 1. 1954-34 92 92 3 i 4 3 4 s July 1. 1954-34 92 92 3 4 5s May 1. 1941-31 97 97 3 i 5s Nov. 1. 1941-33 97 97 3 4 Home Loan 4s. July 1, 1951... 86Vi 87V4 Other Livestock BY UNITED PRESS „ FT. WAYNE, Oct. 23 —Hogs—lsc lower--200-225 lbs.. $4.40; 225-250'1b5., $4.30 2502,5 lbs., $4.20; 275-300 lbs. $4.10; 300-350 lbs.. 53.85: 160-200 lbs„ $4.30: 150-160 lbs $4.15; 140-150 lbs . $3.90; 130-140 lbs ’ $3.65: 100-130 lbs., $3.65; 10-13 lbs. $3.2545 3ao: roughs. 53.25; stags. $2 25. Calves $7; lambs, $6.25. By Timex Special LOUISVILLE Oct. 23.—Cattle—Receipts 900: slaughter classes in light supply; quality generally plain: very little done: market slowed up by higher asking prices, lew opening sales slaughter steers and heilers ann cows 25 cents higher, other Classes about steady; early bulk, common to medium grass steers and heifers. $2 75 4/3 ,5; little included eligible above $5bee_f_ cows mostly $1,754/2.25: top around *?■<?; low cutters and cutter cows. 75cfV 51.2a' sausage bulls mostly 52.50 down- fair inquiry for stockers and feeders; indications about steady. Calves—Receipts, 450; steady: bulk better vealers. ssv 5.50: strictly choice eligible. $6: medium and lower grades. $4.50 down. Hogs—Receipts, 1 100market 10c higher: 180-235 lbs.. $4.60 2402,a lbs.. $4.15; 280 lbs. up. $3 90 140-175 lbs.. $3.80; 135 lbs. down. $2.10; sows. $2 75stags. $1.70. Sheep—Receipts. 250; genl S£ a -iv 3tea 'jv: buik medium to good lambs la tor -■ f£ 01ce ei! K :bl „ e - *6 50. most bucks. $4. 504i a; throwouts. S3 50; fat ewes $14)2 Receipts s aturdav Cattle. 46: calves 416 : £??fu 38 li. sl i.ep. 109 Shipments Saturday! calves, 350; nogs. 147; sheep. Euchre Party Slated A euchre party will be held by the members of the Winona council, No. 88, at the council home, Roosevelt avenue and Seventeenth street, at 8 Tuesday night. Limburger cheese gets its name from the town of Limburg, Belgium, but most of it is manufactured in Germany.

drugs were off during the month, as were house furnishing goods. Farm products declined in the first week of September and then moved upward. Continued declines in farm products prices at wholesale were evident in the first two weeks of October. Textiles, fuels, metals and metal products, and building materials all showed advances in September, but less certain upward movements in the first half of October. Prices received by farmers for their products declined 2.8 per cent between Aug. 15 and Sept. 15. but showed a slight gain to the first week of October. The total decline since the middle of July was 6.5 per cent. Prices of commodities purchased by farmers moved up during the same period to a level of 9.4 per cent above that of July 15. The value of farm products in terms of items that farmers bought fell off 6.2 per cent between the middle of August and the middle of September, but showed slight improvement to the first week in October, when the net decline since July 15 was almost 20 per cent. The cost of. living advanced 1.3 per cent in September over August to a level almost 9 per cent above the low level in April. Clothing prices, which have gained almost 25 per cent since spring, moved up 8 per cent in September. Rents showed their first increase, .6 per cent, since advances in living costs got under way. Fuel and lighting moved up 1.9 per cent in September; foods, .3 per cent, and sundry items, .5 per cent. Money Market SteadyCommon stock prices moved downward in September and showed a further decline from the last week of the month until the middle of October. Bond prices eased off in recent weeks. The money market was unchanged, with interest rates at a low ebb. Federal reserve credit was slowly expanded in the last six weeks, mainly through open-market purchases of government bonds. Commercial failures fell off sharply in September in both number and liabilities Incurred, after unseasonal increases in August. Employment in manufacturing industry showed a more than seasonal advance in September as compared with August. Weekly earnings per worker moved up slightly, as did hourly earnings. Hours worked per week declined slightly. The slackening in business activity in September, following that in August, was a result of contraction in heavy manufacturing and reflected a relapse from the rapid and semi-speculative expansion in June and July. In the last six months advances and declines in production and primary distribution have shown little similarity to movements generally seasonal during this interval in predepression years. In addition, consumer retail purchasing for the fall and winter showed less improvement than at this time of the year, and progressive advances in retail prices occurred.

In the Cotton Markets

—Oct. 21— CHICAGO High. Low Close. January 9.48 9.39 9.39 March 9.60 9.43 9.56 May 9.76 9.58 9.69 July 9.90 9.80 9.80 October 9.21 December 9.43 9.23 9.33 NEW YORK January 9.43 9 25 9.25 March 9.57 9.40 9.42 May 9.69 9.52 9 55 July 9.85 9.67 9.70 October 9.12 9.07 9.07 December 9.37 9.20 9.21 NEW ORLEANS January 9.37 9.25 9.27 March 9.53 9.36 9.40 May 9 65 9 49 9.56 July 9.77 9.65 9.69 October 9.05 December 9.33 9.15 9.20 FEDERAL FARM LOAN HEAD MAKES REPORT 85,760,000 Is Borrowed by 2,865 Applicants in Week. Federal farm bank loans totaling $5,760,000 were made to 2,865 applicants by the Louisville bank from Oct. 11 to 18, it was reported today by L. B. Clore, Franklin, Ind., bank president. Mr. Clore, who is in charge of a branch opened at the statehouse, stressed the necessity of applicant farmers bringing in abstracts and other papers so that the loans can be promptly completed. Hundreds of men are now engaged in making appraisals on nearly 30,000 applications, he said. ATTACK VICTIM FOUND Police Seek Identity of Unconscious Man Hurt Seriously. An unidentified man, believed beaten into unconsciousness, found by police yesterday afternoon in a vacant factory building at 2317 | Cornell avenue, today was in city I hospital in serious condition. It was said he suffered possible skull , fracture. There was nothing ip the man’s pockets to establish his identity. He was described as about 35, 5 feet 10 inches tall, stocky, dark hair, and wearing a gray suit which was torn as if he had been in a fight. SAWS JAIL BARS; FLEES Man Held at Rushville as Robbery Suspect Makes Escape. By Times .Special RUSHVILLE. Oct. 23.—Authorities today are seeking Chancey Graves, 35, who escaped from the Rush county jail by sawing bars in a first floor cell. He was being held on a felony charge in connection with several robberies here in recent weeks. CHICAGO FRUIT MARKET By United Press CHICAGO. Oct. 23—Anples—Michigan Jonathans, bushel. 11.136 1.25; delicious bushel, 51.25%135 Pears—Michigan. Keifers. bushel. SI; New York, bushel. SI 15. Carrots—lllinois. 1%%2c bunch. Egglant— Michigan. 75c bushel. Spinach—filinols. 65c. Beans—lllinois. green. bushel. Cabbage. Wisconsin, 90e % $1. 1 5 crate. Tomatoes—Michigan. 20% 30c. 12quarts. Grapes—Michigan. 28 ■/ 30c. 12 quarts. Grapes—Michigan. 28',30c. 12 quarts. Peaches—California, 90c%5l 15 box. Onion Market Idaho and Washington— Vaientias. bushel, 70<q90c; Wisconsin, yellows, bushel. 65 9 70c; Indiana, yellows, bushel 65% 70c; Illinois yellows. busheL 65% 70c. | Napoleon was preparing to drown : Europe in blood while the philosI opher, Kant, waj hailing the ap- | proach of a peaceful international era; Kant died in 1804. *

PAGE 11

BULLISH NEWS AIDS GRAINS BY UPWARD MOVE U. S. Announcement Favoring Managed Currency Is Strong Factor. BY HARMAN W. NICHOLS United Pres* Staff Correspondent CHICAGO, Oct. 23—Announcement that.the government favored a managed U. S. currency and higher commodity prices aided grains at the opening of the Board of Trade today. Wheat advanced 2? to 2% cents, corn was up 1% to Us cents, oats were up 1% to 1% cents. Last weeks sharp recovery in grains after nearly all positions had hit new seasonal lows was aided by anticipation President Roosevelt would make a speech bullish for the market. His speech bore out in part the expectations. Grain traders were impressed with the President’s reiteration of his policy of raising commodity prices and his statement the dollar would not officially be pegged until that was accomplished. The step taken to bring nearer a free gold market was seen as constructive. Grains last week closed higher in most instances with wheat up 6 to 7% cents over the previous week's close; corn up 3% to 5% cents, and oats up 3% to 4% cents. Rye and barley closed slightly lowerChicago Primary Receipts —Oct. 21— —Bushel—- . Today. Last week. Wheat 572.006 519.000 Corn 597,000 1,089,000 Oats 99.000 131.000 Chicago Futures Range —Oct. 23 Prev. WHEAT— High. Low 10:00. Close. pec 85' 2 .84<4 .84% .82 May. 88% .87*4 ,87 7 .84% CORN— Dec .45% 44' .44% .43% May 52 .50V, .50% .49(4 July 53 V 4 .52% .52% .51% OATS— P/c .34* .34 .34% .33% May 37Vi 36% .37% .35% JU RYE- 34 * 34 V * 341 " ’ 33 ’* Dec .36% 55% .55% .53% May 63 .62 .62 .59 % BARLEY— 4 Dec 62% .59% May .51 .50% .51 .49% July 53 CHICAGO CASH GRAIN By United Press CHICAGO. Oct. 21.—Corn—(Old) No. 3 No J yellow 42%c; No. 2 yellow. 42 % © 43c; No. 3 yellow. 41%®42c; No. 4 yell°w, 40 V*(<7,40 3 4c; No 5 vellow, 39 3 4; No. 6 yellow, 38’ 2 c: <new) tfo. 3 yellow, 39c. Oats—No. 3 white heavyweights. 3 3 34 c. Barley—3B® 65c. Timothy —*s 75® 6.25. Cloverseed—s9.so©l2. Cash provisions: Lard. *5.10; loose. $4 85; leaf. *4 75; D. 3. bellies. $4 75.

Indianapolis Cash Grain

—Oct. 21— The bids for car lots of grain at the call of the Indianapolis Board of Trade, fob shipping point, basis 41 % New York rate" were: Wheat—Strong. No. 1 red 70%® Id 2 / : ,£°- 2 £ pd 69 ’ = @7o%;c No. 2, hard 69%@70%c. Corn—Strong: No. 2 white 35%©36%c; No. 3 white. 34%©35%c; No. 2 yellow, 34%@35%c; No. 3 yellow. 33%@ 34%c; No. 2 mixed. 33%®34%c; No. 3 mixed. 32 %@ 33 Vic. Oats—-Strong. No. 2 white,|i2B@ 29c; No. 3 white. 27®.28c. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 71 cent* for No. 2 son. red wneat. otner aradeJ on their merits. In the Air Weather conditions at 9 a. m.: Northeast wind, 13 miles an hour; temperature, 43; barometric pressure, 30.43 at sea level; general conditions, high, overcast, smoky; ceiling, unlimited; visibility. 3 miles. DEDICATE HOSPITAL UNIT ANDERSON, Ind., Oct. 23.—Dedication services for the new Kettering wing of the Madison County Tuberculosis ’hospital were held here yesterday. The wing was built with $7,500 provided in the will of Norman B. Kettering, General Motors engineer. It has space for twenty-five children, increasing the hospital capacity one-third. TOO LATE TO CLASSIFY 41 Cash Coal Mart

Coal, Coke, Kindling FINEST QUALITY OBTAINABLE Indiana Big Lp., fkd. $5.25 Indiana Nut, forked. .$5.75 West Va. Big Lump.. $6.50 Glendora Lump or Egg $6 Union Ice & Coal Cos. DR-4621. Established 1908.

GUARANTEED SATISFACTION NEW RIVER AND POCA- <$Q (\(\ HONTAS LUMP JpO.UU WEST VIRGINIA LUMP 6 50 ISLAND CR.EEK LUMP 6.75 COKE, EGG OR NUT 8.50 DRY FIREPLACE WOOD 4 75 MUESING-MERRICK HE-1361. IR-1191 DR-3350.

WHITE ASH S5 25 WHITE ASH $5.00 EGG These are clean forked Indiana coals free from slate or slack and will not clinker. FAXSLER COAL CO. LI-7950 ' LI-7951

LARGE .p- f-f p* BRAZIL * S / S BLOCK . 1 Sexson Bros. Coal Cos. DR. 7479

Rex White Ash 5 aa 3x6 forked. Indiana. " _. win not clinker. Raymond City Block. Went Virginia tpU.tJU We Deliver % and % Tons. J & I COAL CO. CH-6048

Ideal Furnace Coal A A Indiana Big Egg Forked . Indianapolis Ice & Fuel Cos. DR-2400 4 Yards DR-2401 RAINBOW Ind. s£Big Egg D BENNETT COAL CO. DR-4252 We Satisfy DR-4252 big BOY Q/; rr\ West Virginia OOtOv 5-inch forked lump.... FREE BURNING. FORKED CLEAN F.W.AldagCo. CH-5507