Indianapolis Times, Volume 45, Number 143, Indianapolis, Marion County, 25 October 1933 — Page 11

OCT. 25, 1933

Credit Expansion by Banks an Encouraging Development —World Stock of Goods Is Lower. By RALPH HENDERSHOT Time* Special Financial Writer

On** of the most encouraging developments in recent weeks, at least so far as the New York area is concerned, is the fact that the banks have begun to loosen up on credit to business people. Loans to trade during the last three weeks have increased by $125,000,000, the funds being furnished by members of the New York Federal Reserve bank. The chief feature of the development is not so much that business is being provided with needed credit, although that in itself is important, Overshadowing that factor, though, is the fact that bankers see the outlook in a sufficiently improved fashion to warrant the granting of the loans.

In all probability the apparent swing of the administration to “sound money” was an important contributing factor in their changed attitude. Not only did that swing reassure the banks that they w T ould be paid back in the same kind of funds they loaned, but it also served notice that the government places a high regard on loan agreements even in times of national emergency. Perhaps, too, the greater loan grants were partly for the purpose of impressing the President with the wisdom of his stand, and to indicate to him that the banks stand ready to support him in fact if he comes around to their way of thinking about inflation. Their support in the past has been chiefly verbal, and rather meager at that. 000 Surplus of Goods less The United States Department of Commerce has prepared a table of world production and consumption of primarily commodities which also provides practical

K' k JH

Ralph Ilendershot

and aolid ground for such commodities are down from their peak levels of last year, and that the trend for the first time in the past eight years is downward. The department uses the average for the years 1925 to 1929 as a measuring stick, placing it as 100. On the basis of that year 1925 stood at 76 and each year thereafter reflected an increase in the stocks, reaching 196 in April of 1932 and holding at that level throughout the summer. From the statistics it would seem that instead of enjoying real prosperity in the years following 1925, the world was really building a surplus of production over consumption which was bound to bring on a depression when the so-called saturation point was reached. It is surprising that greater official prominence was not given to the figures at the time. ana Increase in Stocks Shown The index stood at 76 in 1925. In 1926 it jumped to 89. and thereafter to 104 in 1927; to 108 in 1928; to 124 in 1929; to 158 in 1930; to 183 in 1931, and to 194 in 1932. Last summer the peak of 196 was reached, and the latest figures, for April, 1933, showed stocks of primary commodities standing at 157, or still more than 100 points above the average for 1925. It is perinent to note, however, that the rapid increase after 1928 was not due to increase in production, but rather to the falling off in consumption. The figures, therefore, provide ample justification for the attempts on the part of the administration to bolster the purchasing power of the people in this country at least.

New York Stocks ißy Abbott. Hoppin & Cos.) '

—Oct. 25—* Prev. Oils— High. Low. 10:30. close. Amerada ... 42 Atl Rfg 28' 27% Barnsdall ... 8V Consol Oil ... 11% 11% Cont of Del ... 17% 17'/4 Houston inewi.. .. ... 4% 4% Houston iold) .... ... ... 22 Indian Rfg .... ... ... 2% Mid Cont Pet ... .. 11 Ohio Oil 14% 14% Pet. Corp 9% Phillips Pet 14% 14% Pure Oil 11% 11% Roval Dutch ... ... *3% Sbd Oil 34% 33% Shell Un , 7% Simms Pet 10% 10% Soc Vac ... 11% 11 SO of Cal 39% 38% S O of Kan 34 SOof N J : 41 Vs 41 Sun Oil 47% Texas Corp 25 24% Tidewater Assn. .. ... 10% 10% Un Oil of Cal 19% 19% Strels— Am Roll Mills 16 15% Bet!) Steel 29% 29% 29% 29% Byers AM ... . • 21 4 Col Fuel Ac Iron 5% 5 Ci uc Steel ■ 17% Inland Steel 30 29 Ludlum Steel ... 10% 1$ McKeesport Tin 74 .a% Natl Steel 36% Hep Iron Ac Steel .. ... ... 11 Ret) Ir & Stl pfd 24 U S Smelt 94 94% Vanadium ... 18% 17 a Mid Steel 11% U S Pipe & Edy 13% U S Steel 40 39% U S Steel pfd . . <7% 78% Younßstn S & T .. ... 18 Atchison ... .50 49% 50 Atl Coast Line • 31% BAc 0 23% 22% Can Pac 13% If Ch Ac Ohio 41 % Chi Ac Ot W 3% C M Ac St P 5% 4% C M Ac St P pfd 8% Chi N W 8 Chi R Isl 4% Dela Ac Hud 51 Erei 15 15 Grt Northern 111 Central 26% 26*4 K C Sou 11 Lou Ac Nash 40 M K Ac T BJ4 Mo Pac 3% Mo Pac pfd . 5% 5% N Y Cent 32% 32% 32% 32% N Y Chi Ac S> L 16 N Y Chi A: St L p 18 N Y New Haven .. ... 16% 16% N Y Ont Ac Wes 8% Norfolk Ac Wes 145% 145 Nor Pac ... 19% Penn R R 27 26% 27 26% Reading ... 43 Sou Pac 20% 20% 20% 20% Sou R R 22% 22% 22% 21% Sou R R pfd 24 23% Union Pac ... 110 108% W’abash ... 2% 2% West Mary 9 8% 9 8% Motors— Auburn 3P’i 38 Chrysler ... 41% 41% Gen Motors 27% 27% 21% 27% Graham Mot ... ... 2% Hudson 10% 9% Hupp ... 4 4 Mack Truck 26 Nash ... 18% 18% Packard 3% 3% 3% 3% Reo .. ... ... 2% Studebaker 4% 4% Yellow Truck 4% 4% Motor Access— Bendix 12% 12% 12% 12% Bohn Alum 44 43 Borg Warner ... 14% 14 Briggs 8% Budd Wheel ... 3% Eaton Mfg 11% 10% Elec Auto Lite.. 14% 14% 14% 14% Houd A 2% Murray Body ... 5 4% Stew Warner 5% 5% Timken Rol 24% 24% Mining— Alaska jun 28% 28 28 27% Am Smelt 42% 42 42 41% Anaconda . .. 14% 14% 14% 14% Cal Ac Hecla ... 5% 5% 5% 5% Cerro De Pasco. 34 33% 33% 33% Granby 9% 9% Gt Nor Ore 10 Homestake Min. .. ... 360 366 Howe Sound 30 29% 29% 29 Ins Copper 5% 5% 5% 5 Int Nickel 19% 19% 19% 19% Isl Creek Coal.. .. ... . 23% Kennecott Cop . 20% 20 20% 20% Noranda Cop ... 34% 34% 34% 34% Phelps Dodge.... 15% 15% 15% 15% Tobaccos — Am SnufT 49 Am Sum Tob 14% 14 Am Tob 'A' ... ... 76% Am Tob iß' .. ... 79% 78% Gen Cigar 29% Ligg & Myers tßi 89% 88% L-orrillard 19 % 18% Reynolds Tob iB) .. ... 46% 46% Equipments— Allis Chalmers . 16 15-% 15% 15% Am Car Ac Fdv.. 22% 22% 22% 22% Am Loco 24 Am Mach & Fdv 14% 14 Am Steel Fdv 17 Bald Loco . 11% 11 Burroughs ... 12% 13 Case J 1....* 63% 63% 63% 62% Cater Tract 19% 19 Colgat Palm Pt.. . ... ... 12% Cor.gcleum 23% 23 23 23 Elec Stor Bat 35% 35 Foster Wheeler 14% js Gen Am Tk Car 29% 30 Gen Elec 18% 18% Gen R R Sig 30 29 Ingsol Rand 52 51 Int Bus Mach 130 Int Harvester... 37% 37 37 36% Kelvlnator ... n% 11 Natl Cash Reg . 15% 14% 15% 14% Proc At Gamble 39% Pullman Inc 45% 44% Slmmona Bed ... ... 17% 171. Und Elliot 24% 24 24% 24% West Air B ... . 25% Westingh Elec . . 33% 32% 32% 33% Worthington Pm 13 Utilities— Am Ac For Pwr 8% 8% 8% 7% Am Poster A Lit 8% 8 8% 8 A T At T 114% 114% Am Wat Wks. 21% 21% Brook Un Gas 631, Col Gas A: Elec 12% 12% Com A: Sou 2% 2% 2% 2% Consol Gas ... 4is 4 411Elec Pwr Ar Lit 6% 6% E P At L pfd lli* F ll T* T_. 11% 11% 11% ip, Lou Q A E A 15% Nat Pwr Ac Lit 10 1 . 10% North Amer 17% Pac OAK ... 1914 191, Pub Serj N J.. 58% 38% 38% 38% So Cal Edison 18% 18 Std Gaa 9% k Std Gaa pfd 10% United Corp 6% gt, Un Gas 1m p . 17% 17 17% 17 Ct Pwr i Lit A 3% 3% Western Union.. 49V* 48% 48% 47%

Wall Street-

Rubbers— Firestone 19% 19% 19% 18% Goodrich 13 12% 12% 12% Goodyear 31 30% 30% 30% U S Rubber ... 15 14% 14% 14% U S Rubber pfd. 24 23% 24 23% Kel Spring 2% 2% Amusements— Croslcy Radio .... ... .. 914 Fox Thea 15 131/* Loews Inc 28% Radio Corp ... 7 6% 7 RKO 2% §,* Warner Bros ... 6% 6% 6% 6% Foods— Am Sugar 53% 53 53 52% Armour (A) 4 4 Beatrice Cream y 13 Borden Prod . 22% 22% 22% 22% Cal Packing 21% 20% Can Dry G Ale 26% 26 Coca Cola , , 92% Corn Prod 'go 797. Crm of Wheat 28% 28% Gen Foods 333? 3?.* Gold Dust jo 4 j Si? G W Sugar 36% 36% 36% 35% Hershey 4J3.J Int Salt "' 021/ Loose Wiles '" ii'* Nat! Biscuit . . 44 43% '43% 44 Nat D Prod.... 15% 15 15% -4% Purity Bak 14 * * 8 S Porto Rico S 41 *<9o ■W Brands 23% 23% 23% 23 United Fruit si/ Wr.gley " i” '* Retail Stores— Asso Dry Goods. .. . . m/ Best & Cos '64 ii Gimbel Bros 3-, Gimbel pfd 'ls ,4 “ Gr Ull Tea Hahn Dept Sts "4% .it Jewel Tea Kresge S S "iiai 193* Kroker Groc . . 20 IQ7. Macy R H s. May Dept St ‘25 24% Mont Ward ... 18% 18% Penny J C 433, Safeway St 39 38^ Woolworth 371* Sears Roebuck 38% 37% Aviation Aviation Corp .. 7% 7 7% 71/ Douglass Air .. 13% 13% 13% 13 Curtiss Wright .. ... 2% 2% Curtiss Wright A 41 Nor Am Av ... 5i/ 2 51? United Aircraft 28% 28% Chemicals— Air Reduction 96 Allied Chem .. . .. ... 129 130 Am Com Alcohol 49’ 8 49 Col Carbon 5 Com Solvents ... 33% 32% 32% 33 Du Font 77 76% 77 76% Freeport Tex 42% 42% Liquid O'lrb 25 24% Math Alkali 37% 37% Tex Gulf Sulph 38% 37% Union Carbide 40 % 39% U S Ind Alcohol 61% 60% Natl Distl 87% 86% 86% 87% Drugs— Coty Inc 3% Lambert 27% 27% Lehn & Fink 16% Zonite Prod 5% Financial— Adams Exp 7% 7% Allegheny Corp 4 3% Chesa Corp 34 34 Transamerica ... 5% 5% 5% 6 Tr Conti Corp 4% 4% Building— Am Radiator ... 13 12% 12% 13 Gen Asphalt ... ... 14 Int Cement 30 Johns Manville . 50% 18% 48% 49 Libby Owens Gls 29% 29 29 % 28% Otis Elev 13% 13 13 13 Ulen Const 2% Miscellaneous— Am Bank Note.. 12% 12 12 12% Am Can 90% 90 90 89% Anchor Cap 194 S Brklyn Man Tr.. 29% 28% 28% 29 Conti Can 63% 63 63% 62% Eastman Kodak 74% 75% Owens Bottle .. 76 75% 76% 75 Gillette 11% 11% lis ß 11% Glldden ' ... 15% 15 Gotham Silk 7% Indus Rayon ... 30% 70% 70% 70% Inter Rapid Tr.. .. ... ... 10 Real Silk Hose 10

Daily Price Index

By United Press NEW YOFK. Oct. 24—Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press. (1930-1932 average. 100) Today 100 22 Yesterday 100.02 Week ago 95.65 Month ago 102.82 Year ago 74 79 1933 High iJulv 181 113.52 1933 Low (Jan. 20• 67 86 (Copyright. 1933. Dun <& Bradstreet. Inc.i

Investment Trust Shares

—Oct. 24Bid. Ask. American Bank Stocks Corp.. .85 90 American and Gen Sec (At... 5.75 625 Basic Industry Shares 2 85 British T\pe fnv Tr Sh 46 .53 Collateral Trustee Shares •At 400 437 Corporate Tr Shares 1 old. ... 204 2.09 i Corporate Trust Sh (new).... 211 2.15 Cumulative Trust Shares 364 3.70 Diversified Trust Shares A'.. 625 Diversified Trust Shares iß> , 662 Diversified Trust Shares iCt.. 273 2.77 Diversified Trust Shares IDI.. 437 4.50 First Insurance Stock Corp ... 129 1.40 First Common Stock Corp 85 600 Fixed Trust Oil Shares tA> 7 40 Fixed Trust Oil Shares (8>... 625 Investors Inc 15.75 16 25 Low Priced Shares 475 500 Mass Inv Trust Shares 16 25 17.75 Nation Wide Securities 283 293 North American Trust Sh 153: 170 North Amer Trust Sh 55-56) 216 220 Petroleum Trust Shares A. . . 11,00 14 00 Selected American Shares ... 225 Selected Cumulative Shares . 625 650 Selected Income Shares 3.12 325 Std American Trust Shares A 282 286 ] Trust Shares of America 273 277 Trustee Std Oil A.... r 484 489 Trustee Std Oil B 439 459 i U S Electric Lt A- Pwr A 11 50 12 00 j Universal Trust Shares 264 2.70 NEW YORK RAW SUGAR FUTURES —Oct. 24High. Low, dose. January 1.27 1 22 1.27 March 1.31 1 26 1.31 May 1.34 1131 1.35 July - 1.40 1.36 1.40 September 1.46 1.41 146 December a.**** 1.27 1.21 XJ7

WEAKER DOLLAR AIDS STOCKS IN UPWARD MOVE Treasury Sets Gold Price at $31.36 an Ounce; All Issues Strong.

Average Stock Prices

Average of thirty Industrials for Tuesday High 91.67. low 87.10. last 91.33. up 3.20; average of twenty rails 38 29, 35.70, 37 98. up 188; average of twenty utilities 24 62. 23 46, 24 48, up .63; average of forty bonds 38 88; off .02. BY MAX BUCKINGHAM United Press Financial Editor NEW YORK. Oct. 25.—Stock and commodity markets opened stronger today on stimulus of the declining value of the United States dollar as reflected in the government gold price of $31.36 a fine ounce. The gold price represented a dollar w'orth 65.91 cents as compared with a gold price of 69.36 cents yesterday. Cotton opened stronger, gaining about a dollar a bale in the initial sales. Other commodities also advanced. '’Trade Fairly Active The stock market opening was fairly active with blocks of 1,000 to more than 3,000 shares coming out. 1 Gains ranged to more than a point on the initial transactions. Traders had little time to digest the government announcement on the gold price before the market opened. The early strength, however, traced back to the spirited rise which started in yesterday on anticipation of the gold price announcement. One of the leaders at the opening was United States Steel. It came out at 3,400 shares at 40, an increase of V 2 point. Gold mining shares again were active but not so spectacular. Home Stake Mining lost 6 points at the opening of 360. Dome Mines was fractionally higher. Alaska Juneau gained a point. Harvester Strong One acute weak spot developed. National Distillers w r hich came out at a Vi point loss at 8714 and then dropped to around 85. American Commercial Alcohol showed an opening gain. Farm equipment shares were better. International Harvester gained almost a point as did J. I. Case. Deere and Company was higher.

Bank Clearings

INDIANAPOLIS STATEMENT —Oct. 25Clearings $1,382,000.00 Debits 3,975,000.00 TREASURY STATEMENT —Oct. 25Net balance for Oct. 23 $963,144,775.74 Misc Int Rev RcptS 3.490.119.68 Customs repts. (mo. to date) 24,360,803.04 New York Curb (By Abbott, Hoppin & Cos.) —Oct. 24Allied Mills ... 10 I Close Alum Cos of Am 60 Gulf Oil of Pa 46% Am Cyanide B. 11 Hiram Walker. 38% Am & For P W 5 Hud Bay Min. 9% Am Gas & E 1... 25% Humble Oil . . 81% Am Superpower 3%llmperial Oil Ltd 12% Atlas Corp 10% lint Petrol 18 Axton Fisher T 63 (Lake Shore Min 50 Brazil Tr & L 12% Libby McN Libby 3% British Celanese 3%lLone Star Gas 6 Buckeye P Line 32 (Massey Harris. 4% Can Indus Ale A 14%!Mt Producers.. % Can Marc 3 Natl Av 8% Carrier Corp ... 7 Natl Bellas Hess 2% Cities Serv 2% Newmont Min .. 49 Cord Corp 7%|Nia Hud Pwr.. 6 Creole Petrol .. 9% Novadel Agene. 43% Crown Cork Inti 6% Pan Am Airways 43% Deere & Cos ... 29 % Park Davis ... 20 Distillers Lim.. 19%.Penn Road ... 3% Distillers Corp. 19% St Regis Paper.. 3% Dow Chem 62% Sal Cr Products 5% El Bond & Sh 17 (Sherwln Wms. 37% Fisk Rubber ... 7 IStd of Ind ... 29% Ford of Can A 10%:Std of Ky ... 14% Ford of Europe s%'Stutz Mts 7 Sen Aviation .. 6 |Technicolor Ind. 1% Sreat Atl & P 125 iTeck Hughes G 6% Glen Alden Coal 14 IWright Harg M 8% New York Bank Stocks By Abbott. Hoppin & Cos. —Oct. 21— „ ~ Bid Ask Brooklyn Trust 82 85 Central Hanover 112% 114% Chase National 20 20% Chemical 31% 31% City National 22% 22% Corn Exchange 47% 48% Continental 11% 11% Empire 16% 17 V. First National 1,210 1,225 Guaranty 278% 280% Irving 14% 15 Manhatten & Cos 22% ... Manufacturers Ills 12% New’ York Trust 83% 84% Public 22% ... Liberty Bonds By United Press NEW YORK. Oct. 24.—Closing liberty bonds: (Decimals represent thirty-sec-onds. ) Liberty 3%s (32-47) 102.14 Liberty Ist 4%s (32-47) 102.18 Liberty 4th 4%s (33-38) 103.14 Treasury 4%s (47-52) 110.11 Treasury 4s (44-54) 106.15 Treasury 3%s (46-56) 104.15 Treasury 3%s (43-47) 101.26 Treasury 3%s (41-43) March 101.27 Treasury 3%s 140-43) June 101.28 Treasury 3%s (46-49) 100.3 Treasury 3s (51-55) 98.17 Treasury 3 l 101.2

Foreign Exchange

(By Abbott, Hoppin & Cos.) —Oct. 24 Close. Sterling, England $4.72 Franc. France 0578% Lira. Italy 0778% Belgias, Belgium 2060 Mark. Germany 3525 Guilder, Holland 5965 Peseta. Spain 1238 Krone. Norway 2373 Krone. Denmark 1118

Federal Farm Loan Bonds

(By Blyth & Cos., Inc.) —Oct. 24Bid. Ask. 4s Nov. 1. 1957-37 86 86% 4 Mav 1. 1958-38 86 86% 4%s July 1. 1956-36 87 87% 4%s Jan 1. 1957-37 87 87% 4%s Mav 1. 1957-37 87 87% 4%S Nov. 1, 1957-38 87 87% 4%s Dec. 1. 1933-32 100% 100% 4%s Mav 1. 1942-32 92 92% 4%s Jan. 1, 1943-33 92 92% 4%s Jan. 1, 1953-33 89% 90% 4%s July 1, 1953-33 89% 90% 4%s Jari. 1, 1955-35 89% 90% 4%s July 1. 1955-35 89% 90% 4%s Jan. 1. 1956-36 89% 90% 4%s July 1, 1953-33 " 92% 92% 4%s Jan. 1. 1954-34 92 92% 4%s July 1, 1954-34 92 92% 5s Mav 1, 1941-31 ..... 97 97% 5s Nov. 1. 1941-33 97 97% Home Loan 4s. July 1. 1951.... 85% 86' 2 BABY CLIMBS CHAIR. SWALLOWS POISON Infant in City Hospital After Finding Slow-Acting Drug. Climbing on a chair. Elizabeth Ann Tucker. 9-months-old infant of Mrs. Angles Tucker, 839 Prospect street, obtained from a medicine cabinet and swallowed three slowacting poison tablets. The child was in city hospital today for observation. Physicians said the ch id may recover.

THE INDIANAPOLIS TIMES

Chicago Stocks] " By Abbott. Hopcln & Cos —— TOTAL SALES. 42.000 SHARES —Oct. 24 High. Low. Close. Acme Steel Cos 23 21 23 Adams Mfg . . 5 Am Pub Srv pfd ... 3Vi Asbestos Mfg .. 3% Bendix Aviation 12' i 11*4 12% Berghoff Brew Cos B’,a 8% 8% Borg-Varner 4 14% 13 14 Brach & Sons ... 6% Brown Pence & W <B) 2 E L Bruce 14*4, 12 14 Vi Butler Bros 3% 3% 3% Cent 111 Pub Serv pfd 13 Cent 111 Securities com.. .. '2 Cent 111 Securities pfd.. .. 6 Cent Pub Serv Class A.. .. V Cent Pub Util Vi Cent & So West 1% Chi & North Western.. BV4 7V4 8% Chicago Corp com 2Va 2% 2V2 Chicago Corp pfd 22% 21% 22% Chicago Mail Order ... 12 11 12 Cities Service 2V4 2V4 2% Club Aluminum ... % Commonwealth Edison.. 43’2 43 34% Cord Corp 7% 6% 7% Crane Cos 5% Crane Cos pfd 34 Dexter Cos 51,2 Eddy Paper 5Vi 5 5 Electric Household 9% 9Vi 9% Gardner Denver Cos 18 General House Util ... 14 13 14 Great Lakes Aircraft.. % % Vi Great Lakes Dredge.... 16% 16% 16% Grigsby Grunow 2 1% 1% Hall Printing 4% 4 4% Houdaille Hershey A 8 Kalamazoo Stove 15% 14 3 i 15% Kingsbury Brew Cos 8 Libby McNeil 3Vi 3% 3% Lion Oil Refining Cos ... 6 Lynch Corp 31*4 29 31 3 4 Mapes Cons Mfg Cos 33% 33% 33% Marshall Field 14% 13 14% McWilliams Dredging Cos 15 14% 14% Meadows Mfg Cos com ... % Mickelberry's Pood Prod 2% Middle West Utilities % National Leather 1% 114 1% Noblitt-Sparks Ind Inc 21 Vi 21 21% North American Car ... 4 Northwest Bancorpor.. 4% 4% 4% Prima Cos 12 \ 11 12 Public Service N P ... 21 Quaker Oats 114 113% 113% Raytheon V T C 2% 2% 2% Rverson & Son 11 Standard Dredging Cos.. 1% 1% 1% Standard Dred Cos pfd ... 2% Swift & Cos 14% 13% 14% Swift International.... 22% 21% 2212 Thompson, J R 7 6% 7 U S Gvpsum Com ... 45 44’ '2 45 Utah Radio 1% 1% 1% Utility & Ind pfd 3% 33% Vortex Cup Cos ... 6 Wahl lVi Walgreen Cos., Com ... 16% 15% 16% Ward, Montgomery ‘A’ 60% 60 60%

On Commission Row

—Oct. 25Fruits 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 Honeydews. (6s-ss) $1.50; Persians (6s) per case. $2.50; Casabas (6st 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, sVic. Apples—Wealthy, Wolf River, Grimes Golden Jonathan. $1441.50 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 —Idaho 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 flat crate, 85c. Lettuce—Home grown, 15-lb. basket, 60c; home grown, Endice, dozen, 40c; Iceberg, best 46 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—California, $2.35, 30-lb. basket; hot house, $1.15441.25. 8-lb. basket. 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 —Indiana 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 and 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@ 23c. Butterfat. 18c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO, Oct. 25.—Eggs—Market, firm; receipts, 631 cases; extra firsts, 20%c; dirties, 12®14%c: current receipts, 17® 18c. Butter—Market steady: receipts, 9.184 tubs: specials. 23%@24c; extras, 23c; extra firsts, 20%®22c; firsts. 18® 19%c; seconds. 16%®17; standards, 21c. Poultry —Market, steady; receipts, 24 cars; fowls. 12%@13c; brolers. 9c; Leghorns. 7c; ducks, B®9c; geese. 9%c; turkeys, 8c; young turkeys. 12®13c. Cheese—Twins, 11% ®l2c; Longhorns 12%®12%c. Potatoes—Supply light; demand and trading moderate; market, steadv; Wisconsin Round White, [email protected]; North Dakota, Red River section. [email protected]%; Early Ohios. $1.10®1.17%; Minnesota Cobblers, sl.lo® 1.15: Colorado McClures, $1.40® 1.45; Idaho Russets. $1.55® 1.65; South Dakota Round Whites. 80c® $1; shipments, 630; arrivals, 112; on track, 371. NEW YORK. Oct. 25.—Potatoes—Steady; Long Island, $1.90®3.60 per barrel; Maine, $1.70(7? 3.15; Idaho. $1.90® 2.25 per sack. Sweet Potatoes—Dull; Jersey basket, 75c @sl; Southern barrel, $1.25® 1.65; Southern basket, 35®75c. Flour—Firm; spring.,, patents, $6.75® 6.90 per sack. Pork Quiet. Mess—sl7.so per barrel. Lard— Firmer. Middle West 5p0t—55.60®5.70 per 100 lbs. Dressed Poultry—Dull; turkeys 10®25c; chickens. B@l9c; broilers, 10@22c: capons. 10®20c; fowls. 9@l6c; ducks, 13® 15c; Long Island ducks. 14@15c. Live Poultry—Quiet; geese. 8@>10c; turkeys, 12® 20c; roosters, 9c; ducks. 9®l2c; fowls, 10 @l4c; chickens, 10® 13c. Cheese—Dull; state whole milk fancy to specials, 12 %® 21%c; Young America, 12%® 13%c. Butter —Receipts. 13.213 packages, market, firm; creamery higher than extras 24%@25c; extra 92 score 24c; firsts 90 to 91 score 21 ! 4®23c: first. 88 to 89 score. 19@20%c: seconds. 17®18c. Eggs—Receipts. 15.476 cases: market steady; special packs, including unusual hennery selections, 26® 32c: standards. 23®25c; firsts, 19®20c; seconds. 16%®17c; mediums. 15®15%c; dirties. 14®15%c; checks. 13®13%c. Other Livestock BY UNITED *PRESS CLEVELAND. Oct. 25.—Cattle—Receipts, 250: market, steady; choice. 750-1,100-lb. steers. $6®6.65; good 550-1,200-lb. steers. ss® 5.50: good 600-1.000 lb. heifers. $4.25® 4.50: good cows all W’eights. $2.75®3.25. Calves—Receipts. 350: market. steadv; choice to prime, $7.50®8: choice to good, s7® 7.50. Sheep—Receipts, 300; market, active and steady despite heavy receipts; all sold early; choice wethers, $2.50®3.25: medium to good, $1.50®2: choice to good. $1.50® 2; choice spring lambs. s7® 7.25; good to choice. s6® 7; medium to good. ss® 6. Hogs—Receipts, 1.300; proposed processing tax which goes into effect Nov. 6 has depressing effect on market; hogs decline another 25 cents to $4.25 top; loss for two davs totals 50 cents: heavies. $4 ®4.10: choice butchers. $4.10®4.25; light butchers, $4.25: choice yorkers, $4.25; roughs. s3® 3.25. LAFAYETTE. Oct. 25.—Hogs—Market, steadv: 200-250 lbs.. $4.10® 4.15: 250-325 lbs,, $3.90® 4.05: 140-200 lbs.. $3.7504.05: 100-140 lbs.. *3® 3.50: roughs. $3.25 down: top calves. $6; top lambs, $6. CHICAGO FRUIT MARKET By United Press CHICAGO, Oct. 25.—Anples—Michigan Jonathans bushel. Sl.lo® 1.25; Delicious bushel. $1.35. Pears—Michigan Keifers, SI bushel. Carrots—lllinois. 2c bunch. Eggplant—Michigan. 50®75c: Illinois. 25®. 50c. Sninach—lllinois. 60®75c bushel. Beans—lllinois green. $1.75®2: wax. $1.50 bushel. Cabbage—Wisconsin. 51®1.15 crats. Tomatoes—Michigan. 15® 20c, 12quart. Grapes—Michigan. 32®33. 12-quart. Onion market—ldaho and Washington. Valentias bushel. 70®90c; Wisconsin yellows bushel. 65®70c: Indiana vellows bushel. 65®70c: Illinois yellows, 65®70c. UNIONS WILL PICKET VIOLATORS OF CODES Harrassing of NRA Chiselers Plan of Ft. Wavne Federation. By Times Special FT. WAYNE. Oct. 25. NRA agreement violators in Ft. Wayne won't be able to slip by unnoticed in the future, as result of decision by the local labor federation to picket “chiselers” just as they picket establishments unfair to organized labor.

SWINE MARKET DISPLAYS EVEN TRADINGRANGE Lambs Strong to 25 Cents Higher: Cattle, Veals Stationary. Pork market at the local stock yards this morning displayed a steady trading range, with practically all prices holding at yesterday's decline. Initial trade was slow. The bulk, 160 to 300 pounds, sold at $4.25, while early top was $4.30. Other grades weighing 300 pounds and up were selling from $4 to $4.15. Bulk of 130 to 160 pounds brought $4, while lightest kinds scaling 100 to 130 pounds, sold for $3.25 to $3.75. Receipts were estimated at 6,000. Holdovers, 140. Better grade steers and most she stock remained unchanged in the cattle market. Bulk steers sold from $5.25 to $6. Some were quoted at $6.10 and above. Receipts were 1,600. Vealers remained unchanged, selling at $7 down. Receipts numbered 600. Trading in the lamb market was strong to around 10 cents higher than the previous session, with bulk of ewe and wether grades selling at $7. Several kinds ranged to $7.25. Bucks sold from $6 down. Throwouts were down to $4. Receipts were 1,800. Few r initial bids and sales on hogs as Chicago held about steady with yesterday’s average at $4.40 downward. Trading was slow and draggy. Receipts were estimated at 18,000, including 7,000 directs; holdovers, 2,000. Cattle receipts numbered 14,000; calves, 2,000; market weak to lower. Sheep receipts were 17,000; market weak to lower.

HOGS Oct. Bulk. Top. Receipts. 18. $4.4544 4.50 $4.50 6,000 19. 4.45® 4.50 4.50 4,500 20. 4.45® 4.50 4.60 6,000 21. 4.45® 4.50 4.55 3,000 23. 4.45® 4.50 4 50 7.000 24. 4.25® 4.30 4.30 8.000 25. 4.25® 4.30 4.30 6,000 Market, steady. (140-160) Good and choice. ..$ 4.00 —Light Weights—-(l6o-180) good and choice.... 4.25 (180-200) Good and choice 4.25 —Medium Weights—-(2oo-220) Good and. choice.... 4.25 (220-250) Good and choice.... 4.25@ 4.30 —Heavy. Weights—-(2so-290) Good and choice.... 4.25® 4.30 (290-350) Good and choice.... 4.10® 4.25 —Packing Sows—(3so down) Good 3.50® 3.65 (350 up) Good 3.25® 3.60 (All weights) medium 3.00® 3.50 —Slaughter Pigs—-(loo-130) Good and choice ... 3.25® 3.75 CATTLE Receipts, 1,600; market, steady. (1.050-1,100) 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—• (50-750) 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, 60ft; market, steady. Good and choice $ 6.50® 7.00 Medium 4,50® 6.50 Cull and common 2.50® 4.50 —Calves — (250-500) 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 (800-1.500) Good and choice 4.25® 5.00 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 1,800; market, higher, —Lambs—--90 lbs.down) Good and choice.® 6.50® 7.25 (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 PRES3 CHICAGO. Oct. 25.—Hogs—Receipts, 18,000, including 7,000 directs; market, active, steady to 10c higher; bulk 160-300 lbs. $4.25® 4.40; top, $4.45; pigs and light lights. $3.25® 4.25; packing sows. $3.25®3.75; light lights. 140-160 lbs., good and choice, $4®4.35; light weight 160-200 lbs., good and choice, $4.15®4.45; medium weights 200-250 lbs., good and choice. $4,300/ 4.45; heavy weights 250-350 lbs., good and choice, $3.85® 4.45; packing sows 275-550 lbs., medium and choice. $3®3.85: slaughter pigs 100-130 lbs., good and choice. $3,250/4. Cattle—Receipts. 14.000; calves, receipts, 2,000; yards loaded with strictly good and choice light yearlings and steers scaling 1.000-1,200 lbs.; undertone weak to 25c lower on all steers of 1,000 lbs. and up; yearlings and light steers, 900 lbs. down, steady; yearling heifers up to $6.25; no steers above $5.85; several loads odd lot? light heifers. $5.50® 6.15: other killers scarce, firm: slaughter cattle and vealers: steers 550-900 lbs., good and choice, $5,250/6.40; 900-1,100 lbs., good and choice, SSO/6 25: 1,100-1.300 lbs., good and choice. $4.75®.6.10; 1.300-1,500 lbs., good and choice. $4.50®6; 550-1,300 lbs., common and medium, $2.75®5; heifers 550-750 lbs., good and choice. $5.50® 6.40; common and medium. $3®5.50: cows, good, s3®4; common and medium, $1.90® 3; low cutter and cutter. $1®1.:)0: bulls, yearlings excluded, good beef, $3®3.35; cutter, common and medium. $1,754/3; vealers. good and choice. $5.75®7.50; medium. $4.50®5.75; cull and common. $3.50® 4.50: stockers and feeder cattle: steers 5501.050 lbs., good and choice. $3.50®5. Sheep —Receipts, 17,000; early sales and indications around steady on slaughter classes; feeding lambs in active demand, firm; natives. $74/7.25; best held above $7.50: desirable white-faced feeding lambs, $8.40; slaughter sheep and lambs: lambs 90 lbs. down, good and choice. $6.25®7.50: common and medium. $4.50® 6.50: ewes 90150 lbs., good and choice. $1,504/3; all weights common and medium. 51.25®.2.25: feeding iambs, 50-75 lbs., good and choice, s6® 6.<h>. EAST ST. LOUIS. Hi.. Oct. 25—Hogs— Receipts. 7 500, including 600 through and direct: market, steady to strong: top. $4.30; 160-225 lbs., $4.20® 4.30. mostly $4.25; heavies scarce; pigs not established; a few 140-150 lbs., $4®4.15; sows. $3®3.50; mostly, 53.40 down. Cattle—Receipts. 3.800: calves. 1.200; market, steers in relatively liberal supply and trading very slow with a few initial sales 10 to 15 cents lower at $54/5.75; other classes generally steady: mixed yearlings and heifers. s4®6: cows largely $2®2.50; low cutters. $1®1.50; top sausage bulls. $2.60; top vealers, $6.75; slaughter steers. 550-1,100, good and choice. $5.25® 6.25; common and medium. $2.75® 5.50; 1.100-1.500 lbs., choice. $5.25® 6; good, $5®5.75; medium. $3.75®5.25. Sheep—Receipts. 1.500: market. opened steady; choice lambs to shippers. $6.75; indications. $6 50 down to packers; lambs, 90 lambs, 90 lbs. down, good and choice. $6,256.75; common and medium. $3.50® 6.25; yearling v.ethers. 90-110 lbs., good and choice. s4®'s: ewes. 90-150 lbs. good and choice. $1.50®2.75: all weights, common and medium. sl®2. EAST BUFFALO. Oct. 25.—Hogs—On sale. 2.500: slow, steady to 10c under yesterday's close and 254/35c under Monday's average; desirable 160-250 lbs.. $4,654/ 4.75; weights above 190 Ids., mostly $4 75: 130150 lbs.. $4.25®4.50: pigs downward to $4. Cattle—Receipts. 100: mostly odds and ends: all grades quoted, unchanged: few cutter cows. 51.25®2: calves, receipts. 200: vealers dull, weak to 50c lower; good to choice. $7 50® 8; common and medium, $5®6.50. Sheep—Receipts. 900: lamb trade rather slow; steady to 25c higher: good to choice ewes and wethers. $7.25® . 50; mixed offering;.. $7: medium kind and fat bucks. $6 25: throwouts. $5.50 down. FT. WAYNE. Oct. 25 —Hogs—Steadv: 200225 lbs.. $4.20; 160-200 lbs.. $4.10: 225-250 lbs.. $4 10: 250-275 lbs.. $4: 275-300 lbs., $3.90: 300-350 lbs $3.65: 150-160 lbs.. $3 95; 140-150 lbs.. $3.70: 130-140 lbs.. 53.45: 100130 lbs.. $3,25: roughs. $3; stags. $2. Calves, $7. Lambs. $6 50. By Timet Special LOUISVILLE. Oct. 25—Cattle—Receipts. 250: fully steady on light supply of plain qualified grassers: bulk common to medium eras* slaughter steers and heifers. S2 75® 3.75: best fed lightweights quotable $5 50 or better: bulk beef cows. $1.75® 2.50: low cutters and cutter cows. 75c® SI 25: sausage bulls mostly $2.50 down; bulk native stockers and feeders. s2® 3: desirable Hereford stock calves mostly $4.50. Calves— Receipts. 200: steadv: bulk better vealers, $5®5.50: strictly choice handvweights. $6. medium and lower grades. $4.50 down. Hogs—Receipts. 400: market 10c lower: 180235 lbs.. 54 35; 240-275 lbs . $3 90: 280 lbs. up. $3.65: 140-175 lbs $3.55 135 lbs. down. SI 85: sows. $2.50: stags. $1.45. Sheep— Receipts. 175; steady; medium to good lambs mostly $5.50® 6; choice kinds eligible. $6.50: bucks mostly $4-50®5: throwouts mainly $3.50: culls down to $2 50: fat ewes. sl®2. Receipts yesterday: Cattle, 256; calves. 223; hogs, 301; sheep. 186, Shipments vesterday. Cattle. 60; calves* 105; MUse?, 20. . -

Today and Tomorrow Transformed Russian Government Involved in Moves for Recognition With United States. BY WALTER LIPPMANN 1 THE opening of negotiations with Soviet Russia Is not merely the result of modification of American policy. Since the Wilson administration. in the Colby note of Aug. 10. 1920, declared against the recognition of Russia, there has been within Russia a radical change of Communist policy. President Roosevelt is dealing with a different Russian government that President Wilson refused to recognize. The decisive difference

has been Drought about by the victory of Stalin and his doctrine of “socialism in a single country” over Trotzky and those who hold the doctrine that Communism can not succeed in Russia unless there is a world revolution. It is this change in Russian policy, now apparently established and consolidated, that removes the only real obstacle there ever has been, to the recognition of Russia. The problem of the debts and of damages for property confiscated has never been a difficult one. The real obstacle has always been the doctrine of world revolution held by the Third International, of which the Russian Communist party is the chief component. Even those Americans who reject the idea that diplomatic recognition of a government implies moral approval of that government have regarded Russia as a special case because they saw in the Third International an organized agency, closely allied with the Soviet gov-

ernment, which proclaimed its intention of overthrowing American institutions. This obstacle to recognition could not have been removed by mere formal promises of the Soviet government. It has been removed, to the satisfaction of most cl6.se observers, f

by the long political struggle in Russia that has ended in the downfall of the world revolutionists and the practical repudiation of the Third International. wav ANY one who wishes to acquaint ■ himself with the main facts of this internal Russian struggle can find them clearly set forth in Michael T. Florinsky’s "World Revolution and the U. S. S. R.” It appears that Communist writers have been arguing for at least thirty years as to whether Socialsim could or could not be established in a single country in the midst of a capitalist world. Mr. Florinsky shows that this issue became acute after the death of Lenin in 1924, and that for some years it was fought out by the adherents of Stalin and Trotzky. There is a whole library of controversial literature. The thing was debated with the utmost volubility, with hot passion, and with tiresome pedantry. But in the end Stalin won. In 1929 Trotzky went into exile and his adherents lost their influence. Since that time the energies of Stalin have been concentrated upon the upbuilding of Russia and the foreign policy of Litvinoff has become one of assuring peace on the frontiers and of expanding foreign trade. Russia has borrowed considerable sums of money to finance imports. So far as I know there never has been question raised as to her good faith in the fulfillment of contracts. But even more impressive than that is the way in which Russia has cleaned up her relations with Poland and with all the other border states from Finland to Turkey. The treaty signed in London last July is the clearest non-aggression treaty that has been formulated since the war; it is far more realistic and definite than the Kellogg pact. What matters is that the states closest to Russia, and therefore most threatened if Russia is aggressive, have taken this treaty seriously and rely upon it. So have the French. These nations can not afford to delude themselves, and if they have confidence in the pacific aims of the present Russian regime we who are far away have every reason for giving weight to their judgment. 000 IN broad outline this may be assumed to be the background of fact w'hich has caused the administration to open negotiations. The chief objection to recognition has been reduced, even if it is not absolutely manifestly eliminated. The positive advantages of recognition are many. Russia is the great power which lies between the two danger spots of the modern world —in Eastern Asia and in Central Europe. If Russia wants peace, and it is plain that she does, then it is of great advantage to the world that she should be encouraged to act as a responsible world power interested in the maintenance of peace. American recognition can have no direct influence upon Russian policy; but it undoubtedly would add some reinforcement to those who, like Stalin and Litvinoff, are interested in Socialism for Russia, in peace and trade outside of Russia. Recognition presumably would be the prelude to a policy of active encouragement of Russo-American trade. How much trade can be financed, I do not know; but it is clear that in theory at least Russia is the greatest new potential market calling for the kind of goods that our industry most urgently needs to sell. Russia is transforming herself into an industrial state. She needs some raw materials which we possess, and she needs the type of machinery w e are so well able to supply. The problem then would seem to be: How to finance such trade prudently, to determine how much can be financed by credit and how much of our exports can be paid for by imports. This is obviously a problem to be dealt with by detailed negotiation after diplomatic relations have been resumed. (Copyright. 1933. bv The Times)

The City in Brief

Thursday Events Advertising Club, luncheon, Columbia Club. Engineering Society, luncheon. Board of Trade. Sigma Chi. luncheon. Board of Trade. American Business Club, luncheon, Columbia Club. Shrine Caravan Club, luncheon, Scottish Rite cathedral. Acacia, luncheon, Harrison. Sigma Nu. luncheon, Washington. Real Estate Board, luncheon, Washington. Savings and Loan League of Indiana convention, all day, Lincoln. Dr. Samuel E. Long will speak on “Do the United. States and Great Britain Appear in Prophetic History?” at the Bible Investigation Club meeting tonight at the Y. M. C. A. The talk will be preceded by a fellowship supper at 6:30. ROB BASEBALL PLAYER Chicago White Sox Catcher Loses SIOO of Series Split to Bandits. By Times Special LAPORTE. Oct. 25.—A motor trip through Indiana proved costly to Frank Grube, Chicago White Sox catcher, who was robbed last night by two bandits near here of SIOO of the money he received from the Chisago baseball series

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I.i ppm arm

Bright Spots

By United Press Republic Steel Corporation earns September quarter net profit of $148,239, against net loss of $3,419,353 in corresponding 1932 quarter. Parker Rustproof Company reports third quarter net profit of $180,324, against $1,713 in like 1932 period. Southern Pacific lines reports September net operating income of $1,789,426, against $1,510,517 in like month last year. Yellow Truck and Coach Manufacturing Company earns third quarter net porfit of $40,262, against net loss of $1,050,822 in like 1932 months. E. I. Dupont De Nemours & Cos. earns September quarter net income of $11,981,980, against $5,531,096 in corresponding quarter. Erie railroad reports September net income of $443,033, against net loss of $122,946 in September last year.

Retail Coal Prices

The following prices represent quotations from leading Indiar.apoiis 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. 5, 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.

In the Cotton Markets

—Oct. 24. Chicago. High. Low. Close. January 9 65 9.51 9.65 March 9.86 9.61 9.86 May 9.99 9.78 9.99 October 9.50 December 9.62 9.40 9.61 New York. January 9.59 9.43 9.59 March 9.77 9.58 9.77 May 9.90 9.71 9 88 July 10 03 986 10.00 October 9.41 9 28 9.41 December 9 54 9.35 9.52 New Orleans. January 9.57 9.42 9.56 March 9.74 9 54 9.73 Mav 9.89 9 69 9.88 October 9.40 9.26 9.39 December 9.90 9.30 9.45 Marriage Licenses James D. Moore, 54, of 617 Massachusetts avenue, restaurant owner, and Grace Edith Chambers. 44, of 109% North East street, clerk. Asher Young. 37. Richai-dsville. Ky„ farmer, and Willadean Miller, 22, Indianapols, hosiery worker. Russell Earl Lockwood, 22, of 1833 Lambert street, barber, and Inez Hunter. 21, of 1242 Nordykc avenue, factory worker. Archie Lawson, 30, of 429 West Abbott street, painter, and Corabel Terry, 18, of 423 West Abbott street, housework. Marion Johnson, 29, of 4 North Liberty street, truck driver, and Matilda Irene Korchner. 30, of 4 North Liberty street, housework. George Henry Harrison, 27. of 805 Fletcher avenue, factory worker. and Alice May Arfsten, 24, of 803 Fletcher avenue, stenographer. Connall McGuire, 28, Chicago, street inspector, and Mary Ellen Ryan, 27, of 1419 Marlow’e avenue, house work. Forrest Arthur, 19, of 517 South Tibbs avenue, laborer, and Margaret Anderson, 19, of 907 Coffey street, housew-ork. Leopold Robert Straus, 46, Los Angeles, Cal., salesman, and Ida Sarah Drosdowltz, 37, of 4359 North Illinois street, salesman. John Elbert Foudray. 25, of 27 Clinton street, mechanic, and Mildred Ann Bellamy, 22, of 2427 West Washington street, housework. Births Boys Hugh and Leona McComb. 1408 Ewing. Henry and Lucille Dawson, 2522 Cornell. George and Ida Washington. 2217 Martha. Abraham and Pearl Warner. 954 West North. Harry and Elizabeth Bass, 425% North West. George and Gladys Holland. 805 Chase. Thomas and Alberta Russell, 835 Johnson. Henry and Norma Gaddie, Bt. FYancis hospital. Girls Ivan and lola Eddy. 829 Wright. William and Blancre Rushton, 1415 North Belle Vieu place. Lafayette and Lena Whitney. 1604 Sheldon. Leonard and Emma Smith. 36 West Raymond. Spencer and Elizabeth Carpenter, 766 North Miley. Oscar and Nannie Gandy, 912 Buchanan. James and Helen Massingale. 2527 Wood John and Helen Ross. 2445 Massachusetts. Grover and Ola Mahurin, 334 Spring. Albert and Hester Cousin. 1940 Yandes. Charles and Lennic Fruits. 2129 Conrad. Deaths Otto Foxx. 217 South Davidson, cerebral hemorrhage. Amos wikle, 75. Methodist hospital, cerebral hemorrhage. Patricia Ann Thurston, 1 day, 922 Morgan, nonciosure foramen ovale. Lloyd Dorsey, 75. city hospital, chronic myocarditis. John Edward Stuckemeyer. 67, Central Indiana hospital, tuberculosis. Ada H. Armstrong. 56. 3540 North Pennsylvania, arteriosclerosis. Ralph L. Gallahue. 54, 212 East Thirtysecond. diabetes mellitus. Mary E. Drysdale. 66. 3631 Central carcinoma. Bernard Cohen. 65. 1002 South Senate, chronic myocarditis. Lila Dowden, 6. Riley hospital, scarlet fever. John Duffey, 75, St. Vincent’s hospital, arteriosclerosis. John Moran. 60. 47 North Sheflield, angina pectoris. Julius Conlon. 80. 2017 Hoyt, chronic myocarditis. Edna C. Pierey. 61. 319 South Walcott, chronic myocarditis. Henry Pearcy. 80. 934 Bouth New Jersey. angina pectoris. Mary Ellen McColler. 77. 1705 Lockwood. chronic myocarditis. Katherine B. kettler, 68. 1418 Linden, broncho pneumonia. Wade Charles Blankenship. 3. city hospital. lobar pneumonia. Montfe Justice. 47. Central Indiana hospital, general paralysis. Police Car Overturned No arrests were made following a collision of a police car and the automobile of William T. Parker, 29, of 4251 Sangster avenue, at Central avenue and Fall Creek boulevard, early last night. Both cars overturned, and patrolman Forest >Vatson suflered a cut Up.

PAGE 11

FUTURE PRICES SHOW GAINS IN QUIETSESSION Wheat Advances Nearly 2 Cents: Corn, Oats Up Fractionally. BY HARMAN W. NICHOLS I'nitfd Pres* Staff Correspondent CHICAGO, Oct. 25.—Grain prices were up sharply at the opening of | the Board of Trade today after the government announced the price of newly mined gold at $31.36. Wheat was up 1% to l a * cents, corn was up % to % cents; and oats advanced % to % cents. Rye held ! its strength and was up as much as 1 2 cents. j The trade looked for higher prices today with the late rally in sterling and stocks. The rise in stocks followed a fresh sinking spell of the American dollar. Corn in general has followed the pace set by wheat of late, but not to such a degree. Oats, as usual, have exhibited more firmness than other grains. Anew independence developed in rye and yesterday when all other grains slumped at the close, rye climbed higher. Rumors that an embargo would be placed on this grain has brought in active buying. Chicago Primary Receipts —Oct. 24 —Bushels—- . Today. Last week. Wheat 396.000 665.000 Corn 450.000 681.000 Oats 63,000 118,000 Chicago Futures Range i —Oct. 25WHEAT— Prev . High. Low. 10:00. close. Dec .88% .86 .88% .84% May 91% 89 .91% .87% July 88% .86% .88% .85% CORN— Dec 48% .45% .47% .45% May 54% .51% .53% .51% July 56% .54% .55% .53% OATS— P/c 38% .36% .37% .35% May 41 % .39 .40% .38% July 38% .36% .37% ,36% RYE— P.ec 62% .60 .62% .58% May ,68% .66% .68% .65 July 69 .67 .68% .65% BARLEY— Dec 48% .47 May 53% .52% .53% .51% July .. .. .52% TOLEDO CASH GRAIN By United Press TOLEDO. Oct. 24.—Grain close: (Grain in elevators, transit billing.i Wheat—No. 2 red, 87%®88%c. Corn—-No. 2 yellow 48 ®49c. Oats—No. 2 white. 38%®39%c. Rye —. 2. 71%?2%c. (Track prices, 28%c Wheat—No. 1 red. 83%®84%c; No. 2 red, 83®83%c. Corn—No. 2 yellow, 43 %® J? No - 3 yellow. 42%®43%c Oats No. 2 white 35%®36%c: No. 3 white. 34% ® 36c. Seed close: Clover- October $7 25December $7.40; March $7 65. Alsike— Cash. $8.o0; December. $8.70. CHICAGO CASH GRAIN By T nited Press CHICAGO. Oct. 24.—Grain close: Wheat —No. 3 red. 86%c; No. 2 mixed. 84%®86c. Corn—/Old: No. 2 mixed. 44%®44%c; No. 3 mixed, 43%®44%c; No. 4 mixed. 43%c; No 6 mixed, 40%c; No. 1 yellow. 45®) 45%c; No. 2 yellow, 44%®45%c; No. 3 yellow. 43%®44%c: No 4 yellow. 43c; No. 5 yellow, 41%®42%c; No. 6 yellow. 40%@> 41c; No. 2 white. 44%®45%c; No. 3 white 43%®44%c; sample grade 38%c; (newi No. 5 yellow. 40 ®40% c; No. 5 yellow. 39%c; (new and old mixed! 1 yellow 43%c; No. 2 white. 43%c. Oats—No 2 white. 36%®! 36 3 ic; No. 3 white, 34%®35%c; sample grade. 34c. Barley—4o® 70c Ripe—No 3 weevily 58%c. Timothy Cloverseed—s9.so® 12 25. Cash provisions— Lard. $5 20: loose. $5; leaf, $4.87; D. 3. bellies. $4 75. „ ... ST. LOUIS CASH GRAIN By united Press ST. LOUIS. Oct. 24.—Cash grain: Wheat —ln fair demand. %c lower on red and lc lower on hard wheat: No. 2 red. 88%c; No 3 red. 87%c: No. 5 northern springs. 80%c; No. 2 hard. 86%c: nominal. Corn—• In limited demand. % to lc higher; No. 3 yellow. 45c: No. 4 yellow. 45c; No. 2 white. 46%® 47c. Oats—ln limited demand. nominally lc higher; No. 2 white. 37®37%c nominal.

Indianapolis Cash Grain

—Oct. 24 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b„ shipping points, basis 41% New York rate, were: Wheat—Strong: No I led. 78®79c; No. 2 red. 77®78c: No. 2 hard. 77®78c. Corn—Strong: No. 2 white. 40®41c; No. 3 white. 39®40e; No. 2 yellow 38®39c; No. 3 yellow, 37®38c: No. 2 mixed. 374 c 38c: No. 3 mixed, 36®37c. Oats—Firm: No. 2 white, 31®32c- No. 3 white. 30®31c. Hay—Steady: (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville) No. 1 timothy, $6 10®6 50; No. 2 timothy. *5.50®6 50. —lnspections—• Wheat—No. 1 hard. 1 car. Total, 1 car. Corn—No. 2 white, 2 cars; No 4 white, 1 car; No. 2 yellow. 6 cars; No. 3 yellow, 3 cars; No. 4 yellow. 3 cars; No. 5 yellow, 2 cars: No. 5 mixed. 1 car. Total. 18 cars. Oats—No. 3 white. 1 car; No.! 4 white, 1 car. Total. 2 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 75 cents for No. 2 son; rea wheat, otner grades on their merits. In the Air Weather conditions at 9 a. m.r North northeast wind, 14 miles an hour; temperature, 37; barometric pressure, 30.36 at sea level; general conditions, clear; ceiling, unlimited; visibility, 5 miles and smoky over city and south. ALL MINES UNDER NRA Code Observed by Every State Coal Operator, Says Official. By Times Special TERRE HAUTE, Oct. 25.—A1l Indiana coal mines now are operating under the NRA code, according to announcement by Jonas Waffle, managing director of the Indiana Coal Trade Association. Accountants to Take Trip Plants of the Perfect Circle Company, Hagerstown and Newcastle, will be inspected by more than fifty members of the Indianopolis chapter. National Association of Cost Accountants, tomorrow.

Conservative Business Invited amcrican Rational Bank AT INDIANAPOLIS

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