Indianapolis Times, Volume 46, Number 157, Indianapolis, Marion County, 10 November 1934 — Page 12

D e v e 1 o p m ents in Trade and Industry

PAGE 12

STOCK MARKET RESUMES RISE; VOLUME HEAVY List Adds Fractions to 2 Points to Yesterday’s Advances. M \rkets at a glanc e higher in moderately active trading. Bonds steady; U. S. rovernment I'Mi.' hither ( arh Mocks slightly hither in dull trading. Chicago <tofki quiet and vteadv. Dollar firmer in major foreign •urrenckn. ( ntton advance* R to A point*. Rubber up 3 to It point*. BV ELMER C. WALZER I niled err*, Fln.nrial Fdltor NEW YORK, Nov. 10—Stocks added fractions to 2 points to their substantial grains of yesterday in today's short session. Volume continued relatively heavy. Sales in the first hour totaled 330.000 shares, •gainst 311.000 for the entire session last Saturday. Two important developments helped the list sustain the recent gains. The outstanding one was an older for fifty-seven streamlined electric locomotives by Pennsylvania Railroad. Baldwin. General Electric and Wcstinghouse Electric will participate in construction of the engines which will cost in the aggregate of $15,000,000. The other was declaration by Peoples Drug Company of a 100 per cent stock dividend and an extra of $1 50 tn cash. Steel cdtnmon was moderately active and firm mast of the session. Bethlehem also was near its previous close, and other steels were firm. Oi'.s were slightly higher in light turnover. Farm equipments picked up small amounts. Mercantile issues held recent gains. Wilson issues were in demand in the packing group. Rubbers were little changed utilities were about steady. Bond Ivsues Firm Prices advanced this week as business picked up slightly. Commodities gained, and bonds were firm except United States government issues. Trading turned more active alter election day and two sessions had volume of more than a million shares. Advancing tendencies were noted over a broad front. The day after election saw volume of 530.000 shares in the last hour as traders came to the conclusion the election had bullish possibilities. Then came another setback and a rousing last hour on Friday, during which 550,000 shares were traded. The Dow-Jones industrial average reached 99.21 today. That was a high since June 18 with two exceptions. when the average was exactly th? same figure. The railroad average did not make as good * showing and therein lay a caufton signal, in the belief of the chart readers. Leadership Improve* Better leadership was noted on rallies. United States Steel picked up in activity, and so did American Telephone. However, there still was a wider swing of prices in the so-called "dogs and cats." While the rallies looked for all the world like the real article, there just was a feeling of doubt in the mir.±s of the more conservative traders. They held that business must make greater strides before a genuine rise can take place. Those who bought were probably influenced by the belief that the heavy Democratic majority presaged further heavy government spending and eventual inflation.

A fir York Curb

ißv Abbott. Hcppin & Co.* Prfr. 1 Close. close. Allied Mill* B’. **• Alum Cos of Am - 53 5J' j [ Am Cunidf B* ............ 16’, U’* ! Am Gas A- E! 19'. 19'. Atlas Coro 9 Buckeye P-,no Line 32', ! Carrtor Coro .. H' 10’ Cities Ber\ I*. l*a Con*oi Ga* of Balt 59’. 59'. Cord Coro *’ Croolo Petrol 13'. 12; i Crown Cork Inti ............. *’ *■ , Deere * Cos 19*. 19*. ! Distiller, Oorn - 15 a U> s . ; Dow Chom 77', n* El Bond A- Sharo 10 10’, >n.k Rubber '• 9* Ford o Can A” 25' 25;. Ford of Europe J>’ •? Gian Aldan Coal 24'. 24’ j Gulf Oil of Pa 5 a 5Hiram Waikar 2.'. 28 Humbla Oil J 2 42*. Imoaria! Oil l.td !•’ }*’* i Hud Bar Mm J 2 ?. 12J, Laka Shore Mm s' 5. L'hbv MrN Llbbr # j *‘a Lone Star Gas S', s', lit Producers 4' 4, Natl Bella* Hass J| * • Nnmont Mm 41* 41 Nsa Hud Pwr 4>, 4’, Nevada! Akene 21 20. Park Davts 30 . 29 Pann Road 2 2 Sal C*Teek Products ** Bfcerwm Wmi •• • ■* * Btd of Kv *’• *5, Tachnico.or Ind 13 l3 Tack Hucha* Gold 4'. 4'. Gn Gas • Wmht Hare Min 9 9 ,

Investment Trusts

Bv Abbott. Proctor A- Psmel Bid Ask American A- General See A 3 00 5 00 American Bank Stock* Corp 94 98 American A Inc Tr Sh 1 .S Bav.r Induvtrr Shares .. 302 308 British Trpe lnv Tr Sh - JO , ” Collateral Trustee Shares A 430 440 Corporate Trust Shares •<.> I*o 19S Corporate Trust Share* <ne*' 21* 222 Cumulatne Trust Shares 3*B 3 .4 Diversified Trust Share* A *2S Diversified Trust Shares B . 7*o • Diversified Trust Share* C 2*o 385 Diversified Trust Shares D 4 23 4 50 Pleat Insurance Stock Corp 43* 48. First Common Stock Corp .. 48 53 Fixed Trust Oil Share* A 2 50 Fixed Trust Oil Shares B ..83“ Fundamental Im Inc 129 129 Incorporators Investments 18 21 12 43 Land Bank Bond Shares 500 510 Low Priced Trust Shares ... 4*o 490 Mass In* Trust Shares 18 29 1* 28 Nation 'Aide Securities 298 304 North Am Trust Share* .53. 123 North Am Tr Sh 55-58 220 224 North Am Trust Shares *s*. 222 2 28 Selected American Shares Selected American Shates Inc 1 02 1.17 Se-ec-rd Cumulative Shares 828 Selected Income Shares 323 Std Am Trust Share* A 3 21 3 7* Trust Shares et America .... 2 84 3 20 Trustee Std Oil A S 40 5 80 Trustee S'd Oil B .... 4 45 480 V 8 Electric Lx A Par A 11 00 11 50 Cniversa; Trust Shares 3 W 3.*4

Produce Markets

Delivered in Indianapolis prices: Hear* hens 11c. Leghorn hens. 7c. colored sprinters, lie. old looeter*. c. ducks. 7c: feete. Sc young guinea*. 30c. old guineas. 5c Turkevs —No 1 your.g hens. * lbs and over. 18c: voung toms. 14 lbs. and over. 17c: young toms 11-14 lb*.. 15c; No. 3 crooked breast* and thin turkevs. lie: eld toms, all welghu. 13c. No. 1 strictly fresh country run eggs. loaa oS. 24c Each full case must weigh 55 Iba. gross, a deduction of Itc a pound for each pound under 55 Iba will be made Butter—No 1 elc. ■uferlav—4sc. Quoted by the Vadiay Company.

AMERICA’S TRADE CHARTED ’i f StrucnA NDisr Imports Ii "•! /TZTZPT —l —i —! *• /Wyw M L—■ilw-w.TWi—! >/ i r\ I \ i ’ ; " . —j-Vj j 1 j iii! f I , * > 1 ; i L- 1 i •;i AwAi • I r—m 1 I N\ • 1 • . I SALAMCR I A \l * ev I ai a <yp *—J j | l ( : ■ : : ******* . W2fc 1927 192* 1979 1930 1931 1932 934

"The above chart portrays the trend of our foreign trade since 1926,” says Economic Statistics. "The two upper curves have been adjusted for seasonal variation and put on the base of the 1920-1930 average as 100. The lower curve shows the actual difference between the value of our exports and the value of our imports. "No seasonal adjustments have been made in this index. It is to be noted that the value of our trade has increased quite steadily since the early part of 1933. The major part of this increase, however, was caused by price increases and does not indicate any substantial gain in the volume of trade. The administrations policies concerning prices-e.g., cotton—are perhaps the greatest barrier to further trade improvement.”

New York Stocks

Trading today approximated 690,000 share*, the biggest Saturdaytrading since June 9 and compared with 310.000 last Saturday. Dow, Jones preliminary closing average* showed industrials 99.21. up “ 19. a high since June 18; railroads 36.31, up 0.01; utilities 19.70, off 0.06. ! Oils—'Amerada 44'* 44 44’? 44 Atl Rig 25-, 25% 25', 25% Rarnsdall 6', 6% 6% 6% i Consol Oil 8% B’, 8% .. Coni of Dr! . . 18% 18', 18% 18% 'Houston inewi.. 33 32% ■ Houston 101d1... 16% 18 16% 15’, Mid Com Pet .. 11 1 11>, ll' ll' : Ohio Oil 9% 9% 9 7 * 9 7 , 1 Pei Corp 9'* 9', 9', 9 1 Phillips Pet .... 15'2 IS 1 , 15* 2 15 Plymouth Oil ... 9 8 7 9 8 7 ■Pure Oil .... 7% 7% 7', 7 1 * Seaboard Oil ... 25 7 , 25% 25' 2 25% Shell Un 7 fi 7 , 7 6% i Soc Vac 14 1 2 14 1 * 14' 2 14'* 3 O of Cal 33 1 2 33'* 33' 2 33', SO of Ind 25 24% 25 24 7 , S O of N J 43'* 42 7 43'* 43 Texas Corp ..22 21% 22 21', Tidewater Assn . 9' 2 9' 2 9' 2 9 jUn Oil of Cal .. 15 7 , 15% IS 1 * 15% j Steels— Am Roll Mill* .. 19 1R 7 , 18 7 , 18 7 , Heth Steel . 28’* 27 s , 27 s * 27 s * I Bvers AM 18!. 18 18 18', Col Fuel k Iron o', s'* s', s', I Cruc Steel 21' 2 20 s * 21 20'* I Inland Steel .43 43 43 ... i Ludlum Steel . 14 14 14 14 McKeesport Tin 94 94 94 93 Mid Steel 9 s , 9'. 9', 9', Natl Steel 39', 39 39', 39'* ! Otis Steel 4 7 4'* 4 s , . i Rep Iron k Steel 13', 12' 13', 13 Rep Ir <* St pfd 37'2 37'2 37' 2 36'* U S Pipe k Fdy 20 7 , 20 s * 20’* 21 ; U S Steel . . 35', 34 5 *337,4 7 ,34 s * , U S Steel pfd . 77' 2 77 77 s , 77 Warren Bros 6 s * 6 s * 6 s * 6' 2 Younestn S & T 18 s , 17 1 , 18 18V* Motors— Auburn 26' 2 25 s , 25 7 27'* j Chrysler 36 s * 36', 36 5 ,335,6 5 , 1 Gen Motors 31 s , 31 31', 31 s , Graham Mot ... I 7 * l’s 1% 1 7 Hudson ... 9% 9% 9' 2 9% Hupp i 7 , l’ 17,l 7 ,2% Mack Truck ... 26% 26' 2 26' 2 26' 2 Nash 15' 2 15 s , 15' 2 15', Packard 3 s , 2 s , 2 s * 3 s * Rco 2'2 2 s , 2'2 2 s , i Studebaker 2 s * 2 s * 2 s * 3 Yellow Truck ... 4' 3 s , 3 7 * 3V* Motor Acre*,—

Beiidix 14 s , 14% 14% 14 s . Bohn Alum 57 58 s * 56% 56% Boi-k Warner ... 27% 27 27% 26% Briggs 20% 19% 20 20 Budd Mte 5/, s s . 5% 5% Budd Wheel 32% 3 2 s * Eaton Mfg . ... 16% 16 s * 16% 17 Eire Auto Lite .26 25% 26 25 s * Elec Stor Bat . 43% 42% 43'* 43% Houdatlle A .... 6% 6 6% 6V* Mullins Mfg .... 9% 9 9 9 Murray Body ... 6 s * 6% 6% 6 s * Stew Warner ... 7% 7% 7 s * 7 Timken Roll 31% 31 31% 31% Timken Det Axle 6% 6% 6% 6% Mining— Alaska Jun 18 17 s , 18 17% Am Metals 15'* 14% 15', 15 Am Smelt 37% 36% 36% 36 s * Anaconda 11% 11 11% 11% Cal (k Heela 2% 2 s * 2 s * 3 Cerro De Pasco 39 s * 38% 39 s , 38 Dome Mines ... 40% 4040 39 s * Granby 4 s * 4 4 s * 4% C.t Nor Ore ...11% 11% 11 s , il% How" Sound ?.. 49 s * 48% 49% 48% Int Nickel 24 23 7 , 23% 23% Isl Creek Coal . 29% 29% 29* Kennecott Cop . 17% 17 s , 17 , 17 Mclntyre Mine . 45% 45% 45% 45% Park Utah ... 3% 3 s , 3% 3% Noranda Cop .. 34 s * 34% 43% 34% Phelps Dodge... 14% 14% 14 s , 14% St Joe Lead 16% 16 16 16 tT S Smelters .. 121 117 119% 118% Vanadium 18% 8 B', 18%

Amusement.— Croslav Radio . 14', 14', 14', 14'. Fox Thaat 13', 13', 13', 13', 2Loews Inc 31'. 31 s . 31 s . 31’. Radio Corp .... 6'. 6 6'. 6 Paramount .... 4* 4 s . 4 s . 4 1 . RKO 2 I’. I’, 2 Warnar Bros ... 4'. 4 s . 4', 3'i Tobaccos— Am Snuff 68 67 68 Am Sum Tob .. 22'. 22'* 22’. 21’. Am Tob A ... 80'2 80’, 80' a 80', Am Aob "B" 83'. 82’, 82', 83 Gan Cigars . 54’, 54’. 54’. 55 s . Like A- Mvars B 104', 104', 104', 104’, Lorillard l 18'. 18'. 18 5. Phillip Morris 35-’, 35', 35 s . 35 s . Ravnolds Tob B 49 s . 49'. 49 s . 49', Rail.— Atchison 55', 54'2 55', 55 Atl Coast Linas 30 s . 30'. 30‘. 30' 2 B A- O . 15 s , 15', 15 s , 15 s , Can Pacific 1 12 12 12 Ch A- Ohio 43*. 43*, 43', 43'. Chs A C.l W pfd 4'. 4', 4', 3 C M A- St P 3'. 2’, 2’, 3 1 a C M A St P pfd 5 5 5 Chi N W s’. s s . s', 5*2 Dala A Hud .. 41'. 40’ 2 40'2 41 1 a Da! Lac AW.. 18', 18'. 18'. 18 s . Ena 12 1 2 12', 12', 12 ‘ a Ena nfd ... 17 IB'a 17 16', ■ Grt Northern pf 15', 15', 15', 15', 111 Can'ral 17', 17 17', 17', K C Sou 8 : , 81,B 1 , B'a B', M K A T .. 6’, 6', S', 6', M K A T pfd .. 14', 14’. 14', 15', Mo Pac 2', 2', 2', 2'. N Y Cant .2?', 21’. 22 22', N Y New Havan 9 r , 9'. 9‘, ... Norfolk A Wast 170 170 170 Nor Pacific 20' 20 20', 20 rann R R 23', 23U 23', 22', Sou Pac 18’, 18'. 18' a 18’, Sou R R 17', 16’, 16’, 17', I’mon Pac 105 104', 105 105 | West Maryland.. 9', 9', 9’ 81* Equipments—iAm Brake Shoe 25 24’. 25 ! Am Car A Fdv.. 17 16’. 18 s * 17 Air. Loco ..19 18', 19 18' Am Steel Fdy 15’, 15', 15', 15’. Bald Loco .. 6' s', 6', s', Gat. Am Tk Car 37', 37', 37', 37', Gan E>c .. 19', 19 19 s , 19', Gan R R Slg .. 28', 26', 28 26 Pullman Inc .. 45', 44-’, 45'. 44-' West A'.r Br 26’, 26 26', 36’, YVestingh Elec*.. 34', 33 34', 33 s , Unities—|Am A For Put S’. 5-' ss,5 s , 4‘, Am Power A Lit 4', 4', 4 s . 6 A T A T 112', 112 112 1 , 112', Am Wat Wks 15’. 15', 15', 15’, Col Gas A Elec B’, B’, B’, B',

Money and Exchange

INDIANAPOLIS STATEMENT Clearings * 1.971.000 00 Debits 4 997.000.00 Cleanncs for the week 13.179 000 00 Debits for the week . 33.344.000.00 FOREIGN EXCHANGE ißv Abbott. Proctor & Paine' Prev. Close Close. Sterling England 54 99'. *4 99>. Ptanc. France 0659’* 0659 Lira Italv 0856 PBS6 5 Franc. Belgium 2335 2338 Mark. German* 4035 4028 Guilder. Holland 6763 .8287 Peseta. Spain 2368 .1368 Krone Norwa* 2512 .3509 Krone. Denmark 2230 2229

Treasury Statement

ißv United Press* WASHINGTON Nov. 10—Government expenses and receipts for the current fiscal year to No*. *. compared with the corresponding period of the previous fiscal year. This Year Last Year Raceipta 1 339.924.915 73 *1 037 725.019 3* Deficit . I.UI 909 >44 M 517 <57.627 1* Casa ill 3.706.374.107.1*

Abreast of The Times on Finance

Conr. & Sou 1% I®, l s IJ4 Consol Gas 26'2 26'* 26'* 26 s , 1 Elec Pwr & Lit 3 7 , 3 s * 3 s * 3 s . j Int Hydro Elec 3 s * 3'* 3 s , 3'* Intcrboro R T 13 1 2 13', 13', 13’2 Int T & T 9 s * 9' 2 9 s , 9'2 Lou G & E A 14 s , 14 s , 14 s , 14% Nat Pwr & Lit 8% 8 8% 8 North Amir 12 s , 12 s , 12 s * 13 Pac G & E .. 15*2 15V, 15 s , Peoples Gas 22> 2 21 1 2 22'2 21% Pub Serv N J 32', 32 32 31’, So Cal Edison . 14 13 s * 14 14 Std Gas 7', 7V* 7V, 7% Stone k W'ebster 6 ss*5 s * ss*5 s * ss,5 s , United Corp 3/, 3 s * 3 s * 3% Un Gas Imp ... 13 7 , 13 s , 13% 13% Western Union 35'* 35 35'.* 35 1 * Rubbers— Firestone 16 15 7 15 7 4 16 Goodrich 10 s * 10 s , 10 s * 10 7 , Goodyear 23 s * 24 s , 23 s , 23% Kelly Sprint: ... I s * 1% l s s IV, U S Rubber 17', 16 s , 16 s * 17 U S Rubber pfd 38 1 2 38*2 33% 38% Miscellaneous— Allis Chalmers . 14 s * 14'* 14 1 2 14 s , Ain Can 104', 103'2 104', 103% Am Mach k Fdv 22% 19% 21 s * 19! 2 Brklyn Man Tr 37% 37% 37% 38. Burroughs Add 15 14 s * 14 7 , 14% J I Case 51 s , 50% 50 s /, 50% Conti Can 59 7 , 59% 59 s * 59 s * Caterpillar Tract 34 s , 34% 34% 34 Crown Cork ... 25 s * 25 s , 25 s * 25 s * Curtis Pub .. 19 s , 17 s * 19 17V, Curtis Pub pfd . 80 s * 80 s * 80 s * 80 Deere &Cos 19 s * 19 s * 19% 19% Eastman Kodak 110% 110 110% 110% Foster Wheeler . 12% 12% 12% 12% Gillette 14% 14% 14 s , 14% Glidden 24% 24% 24% 24 5 , Int Bus Mach 145 143% 145 143% Inter Harv 36 35 s , 36 36 Natl Cash Reg 17% 16% 17V* 16V, Owens Bottle ... 82 82 82 82 Rem Rand ... 9% 9% 9% 9% Underwood E .. 51% 51% 51% 51 Va Foods— Am Sugar 61% 61 s , 61% 61 % Armour Com • 6 s , 6% 6% 6% Armour 6% pfd 67 5 , 67 67 67% Beatrice Cream 17% 17% 17% 17% Cal Packing 40 s , 39 s , 40% 39% Canada Dry G A 15% 15 s , 15 s , 15V* Coca Cola 149% 149 149% 148 Corn Prod 67% 67% 67% 68% Crm of Wheat.. 33% 33% 33 s * 33% Gen Baking 7 s , 7% 7% 7% Gen Foods 34% 34% 34% 34% Gold Dust 17% 17% 17 s * 17% G W Sugar 29 28 s * 29 28% Hershev 70 70 70 69 Int Salt 30 s * 30% 30% 30 Loose Wiles 36% 36% 36% 36% Natl Biscuit ... 27% 27% 27 s , 27% Natl D Prod ... 17% 16% 17Vi 17% Purity Bak 9% 9% 9% 9% S Porto Rico Sug 26% ?5% 26% 25 Std Brands 19 18% 18% 18% United Fruit ... 72% 71 s * 72% 72 Wrigley 74% 74% 74% 74'/2 Retail Stores— Assd Dry Goods 12 12 12 11% Best & Cos 37% 37% 37% 37 Firt Natl Stores 64 63% 64 63% Gimbel Bros .... 4% 4% 4% 4% Gr Un Tea 6 5% 5% 5% Hahn Dept Sts 6 5% 6 6V* Jewel Tea 54 54 54 54 Kresge S S 19% 19% 19% 19% Kroger Groc 30 30 30 28% Macy R H 46 46 46 49% McCrorv St 7 6% 7 7% McLellan St ... 11 s . 10% 11% 10 s * Marshall Field.. 11 s , 11 11 10% May Dept 5t.... 42 s , 41% 41% 41% Mont Ward 29% 28 7 , 29% 29 Penney J C .. 68% 68 68 68% Safewav St . 45% 45 45% 45 Sears Roebuck 41% 41 s , 41% 41% Woolworth ■ • 52% 51 s * 52 51% Aviation— Aviation Corp .4 4 4 4% Boeing Aircraft. 8% 8 Bs,8 s , 7 s , Curtiss Wright 2% 2% 2% 2 s . Curtiss Wri (A* 8 7 s * 7% 7 s , Douglas Air 21 20% 20 s * 20% Nor Am Av 3% 3% 3% 3% Sperrv Corp Bs,8 s , 8% 8% 8% Utd Aircraft new 9* 9% 9% 9V, Chemicals— Air Reduction . 107% 106% 107% 106 Allied Chem 133 s * 133% 133% 134 Am Com Alcohol 29 s * 29'* 29% 29% Col Carbon ... 72 s * 72 72% 72% Com Solvents.. 21 s * 20 s * 21% 20% Dupont . 96 s , 95 s * 96 s , 95% Freeport Tex ... 27 26% 27 26% Liquid Caro 22 21% 21% 20% Math Alkali ■ 27% 26 5 , 27 27 Monsanto Chem 57% 57 s , 57% 57% Nall Dis 1 new 1 . 23 22 s * 22% 22% Schenlev Dist 27 s , 27% 27 s * 27% Tex Gulf Sulph 36% 35 35 36 Union Carbide 45% 45 45% 45 U S Indus AICO 43 42% 42% 42% Drugs— Bristol Mvers . 34% 34% 34% 34% Cotv Inc 5% S', 5% 5% Lambert • • 26 s , 26 s , 26 s , 26 5 , Sterling Prod .. 61 s , 61 s , 61 s , 60% Un Drug inewl. 12 12 12 11% Zonite Prod 4 4 4 4 Lehn & Fink ... 15 14 s , 15 14 s , Financial — Adams Exp 7 s , 7% 7 s * 7% ;Am Int Corp ... 7% 6 s * 7 7 Chess Corp .... 39% 39% 39 s * 39 I Lehman Corp .. 67% 69 69 69 . Transamerica .. 5% ss,5 s , 5% 5% ;Tr Conti Corp .. 4 4 4 3% Building— Am Radiator ... 16 15% 16 15 s , Gen Asphalt .18 18 18 18 Holland Furnace 7 s * 7 s * 7 s * 7% Int Cement . 25 s , 25 25 5 , 25% Johns Manville 54% 54% 54% 54% Libbv Owens Gls 26 25% 25 s * 25% Otis Elev 14% 14% 14 7 , 14 s , iU S Gypsum .... 46% 45% 46' * 45% Household— Col Pal Peet ... 17% 17', 17% 17% Congoleum 32 31 s , 31 s , 31 s * Kel vina tor .. 16% 16% 16% 16 s , Proc A- Gamble 42% 42% 42% 42 Servel Inc 6 s , 6% 6% 6 s , Simmons Bed .. 10 s * 9 s * 10 s , 3 s , { Textiles— Amer W’oolen ... 8% 8% R% Bs*8 s * Belding Hem ... 12 s * 12% 12 s , 12 s , Celanese Corp .. 31% 30 s * 30% 30 s * Collins Aikman.. 14 13% 13% 13% Gotham Hose ... 6 5 s * 6 ss*5 s * Indus Rayon ... 27% 27 27% 27% Kavser Julius .. 16 s * 16 s * 16% 16Va Real Silk 6 s * 6% 6 s , ...

Chicago Stocks

(By Abbott, Proctor & Painei Prev. Close, close Asbestos Mans I s * I s i Bastian Blessing 5 4Ns Berghoff 2 3 2 1 , Bendix 14' 14'* Porg Warner 27t* 27'* Butler Bros . 8' 8 1 * Chicago Ribbon 14 12 Chicago Corp 2 2 Chicago Corp Pfd 27 >• 27 Cities Service I s * 1 3 Crane Cos 8 5 * IN Elec House .. 13 5 13' Gen House 6 6’ Grt Lakes Dredge 16' 16’< Iron Fireman ll’i I** Llbbv O-S 6 s * Quaker Oats 128 3 128 Noblitt Sparks 14's 14 Swift 18'. 19 Swift Int 37'j 37’j Util Inv pfd 2 2 Vortex Cup 13’* 13', Zenith 2 >’

Daily Price Index

■By United Press! NEW YORK. Nov. 10—Dun & Bradstreet s daily weighted price index of 30 basic commodities compiled for the • United Press. .1930-1932 average 100.. Today. 117.02. Yesterday ... lU.<O Year ago .... 102.44 Week ago .. 115.30 1934 high .... 130.95 Month ago 114.95 1934 low 10105 Copyright, 191*. Mr Dun *

INDIANAPOLIS, SATURDAY, NOVEMBER 10, 1934

AAA SUGGESTS | SMALL GAIN IN CORNJCREAGE Plantings of 95,500,000 Acres Urged in 1935 by Agency. B<J United Preaa WASHINGTON, Nov. 10.—The agricultural adjustment administration wants corn raisers to limit their 1935 plantings to about- 95,500,000 acres, or only slightly more than this year, although the department of agriculture yesterday reported the smallest crop in forty years.* In explaining tentatively the proposed corn-hog program for next year, however, officials emphasized that the acreage goal could not be criticized as seeking to create "an economy of scarcity.” The 95,500,000-acre plan repre-sents-90 per cent of average annual plantings in the “base” period, 193233. To return to the acreage of these years, officials warned, would mean a crop of more than 2,700,000,000 bushels and 10-cent corn. Officials Weigh Cut For some time officials have been pondering the percentage of reduction to be specified in contracts to be offered corn-hog raisers for signature next month. They have decided, it was learned, to ask for a minimum cut of 10 per cent under “base,” but to allow considerable freedom in ductions above this figure. The total reduction should be between 10 and 15 per cent, it is felt. Farmers already have voted two to one for continuance of the cornhog program in a referendum conducted throughout the country. But the real test of their co-operation with the government will come, officials admit, when the 1935 contracts are offered. Unless the sign-up passes the million mark, the AAA may drop the plan. Drought Spurs Yields Emphasizing the importance of continued control, whether it involves actual reduction or merely “adjustment,” officials recalled that in years following severe droughts yields per acre always have risen. A tendency greatly to expand acreage as a reaction from drastic crop loss also is natural. With 105,500,000 acres in corn, officials declare, the price would almost certainly sink to 10 cents a bushel. They predict that if plants are not held to 10,000,000 acres below this amount much corn will rot, be burned as fuel or be fed to anything on four legs “until we’re sick of the sight of it.” With a decrease in cattle population, now forecast at 15 per cent below 1932-33, and a 30 per cent decrease in hogs, actual corn needs next year will approximate only 2.250,000,000 bushels compared to normal requirements of some 2,600,000,000, it is estimated.

U. S. Bonds

(By United Press) NEW YORK. Nov. 10.—Closing Liberties: (Decimals represent thirty-seconds.) Liberty Prev. Close, close. First 4%s (32-47) 103.16 103.16 Fourth 4'*s (33-38) 103.26 103.226 Treasury 4%s— 3%s (45) 101.14 101.13 33. s (43-471 105.10 102.12 3 *s (41-431 March 102.22 102.24 3%s 140-431 June 101.14 102.25 31* s (41( 102.24 102.25 3'*S (46-49) 100.22 100.24 3s (51-551 99.25 99.25 3s (46-481 99.27 99.26 : Home Owners Loan Corp. 3s Mav 1. 1952-51 97.30 98.2 . 4s July 1. 1951 99.26 100. Federal Farm Mortgage Corporation 3%s March 15. 1964-44 100 6 100 16 3s March 1, 1952-44 97.29 98.2 FEDERAL FARM LOAN BONDS (By Blyth & Cos.) Bid Ask. 4s July 1, 1946-44 99% 99% 4 Nov; 1, 1957-37 98% 98 s * 4s May 1, 1958-38 98V, 98 s * 4'* s July 1. 1956-36 99 % 99% 4%s Jan. 1, 1957-37 99 s , 99% 4%s May 1. 1957-37 99% 99% 4’*s Nov. 1. 1958-38 99% 100 4%s May 1. 1942-32. 100'* 100% 4%s Ja.' 1. 1943-33 100% 100 s * 4%s Jan. 1. 1953-33 99 s * 100% 4%s Jan. 1. 1955-35 99 s * 100% 4%s Jan. 1. 1936-36 99% 100% 5s Mav 1, 1941-31 101% 101% 5s Nov. 1, 1941-31 101% 101%

New York Bonds

(By Fenner & Beanei Prev. Close. Close. Alien Corp 5s 'SO 28 28 Am A For Pr 5s 2030 53 52’, A T & T db 5s '65 110 s , 110 s , Atiiiison Gen 4s '95 103 s , 103 s , BA OCV 4',s '6O j>3’, 54', Can Pac 4s '57 81 s , ,?} 2 C A O 5s '39 110 s . 11l Ch MStP A P adj 5s A 2000 6 s , 7 Ch MStPAP rs 5s A '75 23', 23 5 , Cons Gas N Y 4>_.s '57 104', 104', Denmark s',s '55 97 97 Erie R R rs 5s '67 69 69 French 7s '49 180', 180 2 Goodyear 5s '57 102 s , 2 Gt Nor 4s An '36 90', 90 Interboro R T 5s '66 76 s . i7 Int T A T db 5s '55 ..60 60 McKess A Robbison 5'2 'SO .. 90 89 s , Nat Dairy db s',s '4B 99’. 99;, N Y Central 5s O 2013 64 64 2 Nor Am 5s '6l 87 s , 87'2 Pac Gas A El 5s A '42 106 s , 106 s , Para Pub 5'2S 'SO 57'- 58 Penn R R 4‘,s D 'Bl 97 s , 97 s . Poland 7s '47 115'2 Ji'l* Shell Union Oil 5s '52 102’. 102’a Sin Cons 6',s B 38 104', 104 s , Texas Corp 5s '44 103 s , 103'. Tob Pr N J 6'is 2022 106 s , 106’, Un Pac Ist 4s 47 106 s , 106 s . U S Rubber 5s A '47 88 ! 2 88’ Vanadium 5s '4l 821, . Western Un 5s 51 .. 82 s , 81’, Youngstown SAT 5s B 70 . 85 '-j 8a 1 2

Commodity Prices ■ ■■■ By Fenner A Beane)

COTTON New York Prev. High. Low. Close, close. Tanuarv ......... 12.40 12.31 12.40 12.32 March 12 49 12 38 12.46 12.38 Mav 12.47 12 37 12.47 12 37 j?,lv 12 45 12 36 12 45 12.35 October 12 17 12 06 12 IS 12 05 December 12 37 12 27 12.25 12.24 Spot steady. 10 higher. New Orleans Tanuarv ......... 12.41 12 38 12 43 .■ March . ...... 12 50 12 32 12 50 12.40 Mav 12 51 12 43 12.49 12 41 October .. 12 15 12 10 12 18 12 06 December 12 38 12 31 12 38 12 29 Spot steady. 9 higher. SUGAR Prev. High Low Close, close January 1.71 171 1.71 March ......... 170 169 1.69 1.69 mSv ......... 172 172 172 1.72 jfuv 177 177 1 .77 1.76 September }• {•" * December I*l 1 80 1 *•** BUTTER Prev. High Low. Clr.se. close. November 27‘* 27|j i> * JLS December 2. 2 j 27^a January 28 27 4 2< § 2.4 EGGS _ Prev. High Low. Close. cleae. Noe ember 2|\ 22>* >. December •••••■•• 331* 32Ni 31 32',*

OPENS FORUM SERIES

Sjtey je Hb v H' M ssaHHHr: : WBr

Stuart Chase

The Indianapolis Open Forum series will be inaugurated tomorrow night at 8:15 in Kirshbaum Center when Stuart Chase, prominent economist and writer, will speak. Mr. Chase has chosen for his topic, "The Roosevelt Program.”

SWINE VALUES ARE IRREGULAR Majority of Prices Steady; Few Underweights 10 Cents Higher. An uneven trading range was displayed in the pork market in the final session of the week at the Indianapolis Union Stockyards this morning. The general run, however, remained fully steady, while lightweights were mostly 10 cents higher Receipts were estimated at approximately 3,000, around normal for a week-end session. Demand was light, with exception for small grades. The bulk, 160 to 200 poundswas selling at $5.30 to $5.60. Heaviest classes, weighing from 200 to 350 pounds, cashed in at $5.65 to $6, while few good and choice kinds were salable at $6.05, Small grades, scaling 130 to 160 pounds, sold at $4.10 to $4.85, while 100 to 130 pounders, brought $2.85 to $3.85. Packing sows held at $4.75 to $5.50. Holdovers numbered 391. With practically no activity displayed in the cattle market, most grades containued unchanged. Receipts were 50. No test was made of veals and all grades were scarce and steady. Receipts numbered 50. Initial dealings in lambs were only slightly changed from yesterday’s session. General run were salable at $6.75 down. Practically all other kinds were inactive. Receipts were 300. HOGS Nov. Bulk Top Receipts 5. $5.20® 5.50 $5.90 6,000 6. 5.30® 5.60 6.00 6,000 7. so@ 5.50 5.90 5.500 8. 5.15® 5.45 5.90 7,000 9. 5.30® 5.45 6.00 7.000 10. 5.30© 5.60 6 05 3.000 (140-1601 Good .'nd choice . $ 4.60® 5.25 (160-180) God and choice... 5.30®5.50 (180-200) Good and choice... 5.50® 5.70 (200-220) Good and choice . . 5.70® 5.80 (220-2501 Good and choice ... 5.90® 6.05 (250-2901 Good and choice ... 5.85® 6.05 (275-300) Good 5.65@ 6.85 Packing sows: (275-350) Good 5.25® 5.50 (350-4251 Good 5.00® 5.40 (450-5501 Medium 4.85® 5.25 (275-550) Medium 4.75® 5.00 (100-130' Slaughter pigs good and choice 2.85® 385 CATTLE —Receipts 50— —Steers—-(sso-900) Choice $7.00® 8.00 Good 6.00® 7.50 Medium 4.00® 6 00 Cfommon 2.50® 4.00 (900-1,100) Choice 7.50® 8.50 Good 6.00@ 7.75 Medium 4.25® 6.00 Common 3.00® 4.25 (1.100-1,300) Choice 8.25® 9.25 Good 6.25® 8.50 Medium 4.25® 6.25 (1,300-1,500) Choice 8.50® 9.50 Good 6.50® 8 50 —Heifers—-(sso-750) Choice 6.75® 8.25 Good 5.25® 6.75 Common and medium 2.50® 5.25 (750-900) Good and choice 5 50® 7.50 Common and medium 2 50® 5 50 —Cows— Good 3 25® 4 25 Common and medium 2.50® 3.25 Low cutter and cutter 1.25© 2.50 —Bulls—(Yearlings Excluded) Good 3.00® 3.55 Common and medium 3.00® 3.00 VEALERS —Receipts 50 — Good and choice $7.00® 7.50 Medium 4.50® 7.00 Cull and common 2.00® 4.50 —Calves—-(2so-500) Good and choice 4.75® 6.50 Common and medium 2.50© 4.75 —Feeder and Stocker Cattle——Steers— (soo-800) Good and choice 4.00® 3.25 Common and medium . 2.75® 4 00 (800-1.050) Good and choice... 4.00® 5.25 Common and medium 2.75® 4 00 Good and choice 3 00® 4 25 Common and medium 2.50® 300 —Cows— Good 2 50 ® 3.00 Common and medium 2.00© 2.50 r SHEEP AND LAMBS —Receipts 300— Lambs. 90 lbs. down, good and choice $6 25® i.OO Common and medium 4.00® 6.25 90-120 lbs., good and choice... 2.000 2.50 S %2CMSOi Good and choice . 1.75® 2.25 All weights, common and medium 1.25 0 2.00

Other Livestock

(By United Press* ! CHICAGO. Nov. 10— Hogs—Receipts, 13.000 including 12.500 directs; holdovers. : 1.000; market nominally steady with not enough on hand to establish a market. Prices around 20 cents higher than week ago: top 6. Cattle—Receipts. 1.500 tom- • mercial. 1.500 government; calves. 500 commercial. 500 government; compared Friday last week: fed steers and yearlings 25 cents, instances 40 cents, higher than week ago: beef cows fullv 25 cents up: instances 50 cents higher; cutters steady to strong; bulls weak to 25 cents lower; vealers abou steady; Stockers slow, steady with week-end clearance fairly broad: extreme ! top fed steers *10: light steers *9 90; yearI lings. *9 10; heifer vearlings. *8.50 Sheep I —Receipts. 6.000, all commercial: for week ended Fridav 24 doubles from feeding stations 14.600 directs; compared Friday last week; all classes fully steady: top *6 65 choice natives to small killers; choice shipping lambs, rangers and fed westerns *6 60 native lambs over 100 lbs . sorted out at mostly *5 50: slaughter ewes. *1 754, 2 25; top. *2 50: feeding lambs. *54,5 75 top. *6 FT WAYNE. Nov. 10—Hogs steady; 250-300 lbs *5 90 225-250 ibs. *5 70: 200lbs *5 40 160-180 lbs . *5 15; 300-350 lbs.. *5 40; 150-160 lbs. *465: 140-150 lbs.. *4 40 130-140 lbs , *3.90: 120-130 lbs . S3 40; 100-120 lbs . *2 90: roughs. *4.75; stags. *3: calves. *7: lambs, *6 25. LAFAYETTE. Nov 10—Hogs—Market s'eadv to 10c higher: 280-300 ibs.. *5 90: 300-325 lbs . *5 65; 240-280 lbs . *5.85: 230240 lbs *5 75; 210-220 lbs . *5 60; 200-210 jibs *5.50: 190-200 lbs.. *5.40; 180-190 lbs.. *5 30; 170-180 lbs. *5 20; 160-170 Ibs.. **s 10: 150-180 lbs.. *4.60: 140-150 lbs.. *4.35; i 100-140 lbs.. 82 60*14.10; roughs *5.25 down I calves market. 50c lower; top. *6; lamb market, sterty, top. !.

DIVIDENDS PAID BY COMPANIES UP 172 MILLION Annual Disbursement Rate at 1.3 Billions, Against 965 Millions at Low. By Timra Special NEW YORK. Nov. 10.—Of the $1,726,000,000 in the annual rate of cash dividend payments on 600 common stocks between the peak of such disbursements in March. 1930, and the low point in June. 1933, ap- > proximately 10 per cent, or an aggregate of $172,000,000. has since been restored to stockholders, a survey by Moody’s Investors Service today disclosed. When payments were at their peak, the anaylsis pointed out, they amounted to $2,691,000,000 annually. At the low point the disbursements had dwindled to $965,000,000. Currently, the authority explained, they are at the rate of $1,137,000,000 per year, indicating a deficiency of $1,554,000,000. "There has been a wide variation of results as between industries,” the survey explained. "Thus, while mining companies other than copper units represented in the index restored 57 per cent of their dividend payments and chemical companies 44 per cent, railroads have restored only 7 per cent and steel companies only 1 per cent. "The public utlity companies have not gained since the middle of last year, but, instead, have made further dividend reductions.” The following table compares dividend changes between these three periods for industries showing large fluctuations: (In Millions of Dollars) Industry Peak. Low. Recent. Auto & Auto Access. $251 $46 $ 81 Building 39 2 6 Chemical 86 47 64 Copper 181 0 14 Elec Equipment 64 12 18 Food .. 131 83 87 Mining (Misc.) 42 7 27 Petroleum 275 59 96 Retail 107 46 56 Steel Ip 2 4 Rails 355 52 72 Utilities 356 311 282 Banks 136 81 81 Insurance 41 20 zi All 600 stocks . 2.691 965 1.137

Wall Street BY RALPH HENDERSHOT—

Times Special Writer NEW YORK. Nov. 10— Discussions of currency inflation have subsided to a considerable extent in recent weeks, and some are inclined to regard it as dead or nearly so. In all probability, however, it will flare up again in the next congress and be as vigorous an issue as ever. If it ever materializes, though the step in all probability

will be prompted by a desire to escape taxation rather than as a means to stimulate business. Expenditures ot the government, as everyone knows, have been unusually heavy during the last year or so. They are likely to continue heavy during the next few months at least.

Wm’wJEi

The pinch will come when repayments are given serious consideration. There is nothing the average man hates quite so much to pay as taxes, so every effort is likely to be made, if for no other than political reasons, to make payments as painless as possible. In all probability strenuous efforts will be made to pay at least a part of the government’s debt with new paper money. It will be argued that the government has every right to use the profits it made on gold and silver through its devaluation operations, and it will be easy to make the point that any new money printed will be supported by gold. nan THE government's expenditures, although heavy, have been exaggerated. A considerable amount of the money borrowed by the government has been reloaned to industry, and the major portion of these loans undoubtedly will be repaid. Some of them will net the government a profit. In fact, no small amount of money loaned by the Reconstruction Finance Corporation already has been returned. Consequently, when the books are all balanced and business once more has reached normal proportions the difficulty of carrying the debt burden may not be as heavy as is being anticipated at this time. a a a WALL STREET was but little interested in the election returns. In fact, it has taken less interest in this election than it usually does in such things. It got quite a scare over the California situation some weeks ago, but of late the estimates of the political experts had caused even that contest to fade out of the picture as a living issue. The Street’s chief concern was over national political developments, particularly the actions and the attitude of president Roosevelt. It expects the chief executive to rule supreme no matter who the various states send to congress. And since he has seen fit to look a little more kindly on banking and finance in general, it is hoping for the best.

Other Livestock

ißy Times Special) LOUISVILLE. Nov. 10.—Cattle. 125; market nominal compared week ago; slaughter steers and heifers fully 25c or more higher; other killing classes generally steady: Stockers and feeders unchanged, week’s bulk, common to medium steers and heifers. *3.754,4 75; few common. *3.25. most better finished steers and heifers *5 <&6 top. *8.50: bulk beef cows. *2 504, 3 practical top. *3 25: smooth heifer types higher; low cutter and cutter cows *1.25 4/2 25 bulk sausage bulls. *2 25?/ 2. 1 5: extreme top *2 85; Hereford stock calves mostly *4 504i5: common to medium grade natives. *2 754, 375 Calves—Receipts. 3,5 including 200 stock calves; market steady and weak to 50c lower for the week: closing bulk better veaiers. *6*/6 50: medium and lower grades *5 down Hogs—Receipts. 150 market 10c lower: 200-300 lbs *5 80 180-195 lbs . 75 40: 305 lbs up. 05 35: 160-175 lbs . 04 80 140-155 lbs.. *4 30: 100135 lbs . *3 604 sows. *4 45; market mostly 5c lower than last Saturday; pigs. 25c higher Sheep— Receipts. 25; market nominal and unchanged for week; medium to -ood iambs. *5 50*, S; few choice *825. or better bucks discounted 81; light throwouts. 83.50: (at ewes. 81.506 2; most stock -wes, 89.50 a head down.

WARNS WALL STREET

gr\ Hi - ■

Wall Street and all that it represents has got to stop fighting Roosevelt and what he is trying to do for this country, A. P. Giannini, fiery president of the Bank of America declares, adding that we are going to have unemployment insurance and old age pensions.

GRAIN FUTURES CLOSE STRONG All Months Display Firm Undertone After U. S. Crop Report. B;i United Prcax CHICAGO. Nov. 10. —The government crop report, indicating the smallest corn harvest since 1881, brought a firm undertone into grains today on the Chicago Board of Trade. Wheat finished unchanged to ** cent higher and corn was to % cent higher. Oats were unchanged to % cent improved. Easminess in Liverpool had little effect on wheat at the start here. Wheat traders looked to the corn market for inspiration, but profittaking in the latter grain held price movements to narrow limits. Volume of trade was moderate, but the small offerings were easily absorbed. Tmhe fact that the southwest remained dry attracted some attention. A bullish interpretation of the government estimate on the corn crop encouraged scattered buying in this pit, but sales for profit held the advance in check. Some evening up for the double holiday, Sunday and Armistice, also acted asa curb on the upward tendency. Provisions opened strong and held the advance throughout the greater part of the session. wheat— Prev. Open. High. Low. Close. Close. Dec. old LOO% 1.00% 1.00% 1.00% .99% Dec. new ,99 s * 1.00% .99% .99% .99% May 99% .99% .99% 99% .99% July 94 .94 s , .93% .93% .93% CojtN— Dec. bid .79% .80 .79% .79% .79% Dec. new .79 s , .79% .79 5 , .79 s * .79 s , Mav 81% .81% .81% 81 s * .81 July 81 .81% .81 .81 s * .80% OATS— Dec. old .51% .51% .51 s * .51% ,51 s * Dec. new .51 % .5i% .5i% .51% .51% Mav 49% .49% .49% .49% .49% July 45 s * .45% 45 s * .45% ,45 s * RYE— Dec. old .69% .70% .69% .70 .69% Dec. new .69% .70% .69% .70 .69% Mav 72% .73% .72% .73 .72% July 72% .73% .72% .73% .72% BARLEY— Dec 76% .76% .76% .76% * .76% May 73 .73 .73 .73 .73 LARD— Nov 10.25 10.25 10 25 10.25 10.25 Dec 10.35 10.35 10.30 10.35 10.27 Jan 10.45 10.50 10.42 10.45 10 32 May ... 10.87 10.87 10.80 10.82 10.70 BELLIES— Dec 13.95 13.95 13 95 13.95 13 95 Jan 13.95 13.95 13.95 13.95 13.95 CHICAGO PRIMARY RECEIPTS Bushels Today. Last Week. Wheat 344,000 309.00# Corn 314.000 381.000 Oats 93.000 126.000

Hendershot

Cash Grain

(Bv United Press) CHICAGO, Nov. 10—Cash grain: Wheat —No. 2 red, $102%: No. 1 hard, *1.08%; No. 2 hard. $1.08%; No. 1 mixed. $1 05%: No. 2 hard, $1.07% weevily. Corn—No. 1 yellow. 84c: No. 2 yellow, 83 s *(>iß4c; No. 3 yellow, 23%®83%c; No. 2 white. 92c, new; No. 4 mixed. 80%c, new; No. 2 yellow. 82%c. new; No. 3 yellow. 81 1 <4lB2 1 *c, new; No. 4 yellow. 78%, new; No 3 white, new 88®89%c: No. 4 white new. 85%c. Oats—No. 1 white, 56%c: No 2 white. 55%c: No. 3 white. 54®55c: sample. 51c. Bariev-Quotable. 75c® $1.20 T>moth.v—----$15.50® 17.25 Clover seed—sls® 19.75. Sov brrns—No. 2 vellow. 90c. Cash provisions — Lard, $10.40; loose, *10.25; leaf, $10.25; Bellies. sl4 12. LOCAL CASH MARKET Citv grain elevators are paying 89 cents (or No. 2 sort red wheat. Other grades on their merits Cash corn No 3 vellow 71 cents, and oats 43 cents.

On Commission Bow

Quotations below are average wholesale prices being offered to buyers by local commission dealers. FRUlTS—Cranberries, Cape Cod. early blacks. 25-lb. box. 53.50. Grapes. California Emperors. 27-lb box. *2.15. Persimmons. Indiana. 12 ots.. 90c. Avacados box. *l5O. Quinces, bushel. *3. Bananas, pound, 5;. Apples, maiden blush. *1.50; northern spys, *1 35: Indiana Jonathans, *1.85; grimes golden. *1.50131.75. Melons, California honey dews. *2.25. Lemons, sunkist. 3605, *6.50. red ball. 3605. *5.75. Grapefruit. 70s-80s. *3. Limes per carton. 12a. 25c; seedless ner hundred. 93c. VEGETABLES— Cabbage, Northern Danish. 50-lb. bag 60c; red. pound 3c. Onions. Idaho, sweet Spanish, large 50-lb. boilers. 10-lb. bag. 35c; western white, 50bag, *1.40: Michigan, yellow, *1.25; white, ib bag. *1.75. Potatoes. New Jersey Cobblers. 100-lb bag. *1.45: northern round white. 100-lb. bag. 81: Ohlos, 100-lb. bag, *1.55; Idaho Russets. 100-lb. bag. *2. Sweet potatoes. Indiana Jerseys, bushel. *1.50; Indiana Nancy Halls, bushel. *L Beans, round stringless, bushel. *2 50. Beets, dozen. 25c. Carrots, nome-grown. dozen, 35c. Cauliflower, crate. *1.75. Ceiery. Michigan, medium, dozen. 45c: Jumbo, dozen. 65c hearts, bunch. 90c. Cucumbers, hothouse dozen. 125: Endive, dozen. 40c. Egg plant, dozen. *1.50. Kale, home-grown, bushel. 50c. Lettuce, outdoor. 15-lb. basket 60c Mangos, -bushel, *1 50 Mint, dozen. 50c. Parsley, dozen. 35c. Peas— Hamper. *3 75 Spinach, home-grown, broadleaf. bushel. 60c. Radishes, dozen. 35c. Tomatoes, outdoor. 12-lb. basket. 75c, bushel. *2 Turnips home grown, dozen 25c; pumpkins, dozen. *1.25. FRUITS AND VEGETABLES •Bv United Press i • i CHICAGO Nov. 10—Apples. Mclntosh bushels. 2’a Inch. *1 504*ITS: Jona'hans. *1 25*, i 60 Lettuce —California crate*. *1 504,2 SO Sweet potatoes —Tennessee tushels 854,95 c Celery- Michigan crates, squares. 404,65 c Oregon cauliflower crates. 1 154, 1 35. Cranberries—Massachusetts. '• barrel*. *3 404,3 85; Wisconsin *3 404, i Carrots —Illinois bushels, 404,50 c. Cel-ery-caobage—Michigan flat crates. 254,30 c Beets—lllinois and Indiana bunches, Hie. Onions—lllinois green bunches. 44,5 c Onion market iSO-lb sacks' -Michigan lellows. 75c4, *1; Michigan whites, *1 254* 1.50. western yellows. 21; Illinois yellow*. SO 890 c. 4

Latest Stock, Bond and Commodity Quotatiohs

A. P. Giannini

OIL INDUSTRY HOPES HINGING ON COURT TEST Recent Betterment in Gas Prices Cheers, but Texas Is Watched. BY R. n. MOCKLEB Time* Special Writer NEW YORK, Nov. lO.—While rising retail gasoline prices are accepted as an authoritative Indication of the sharp improvement in underlying conditions in the industry’. many oil men are withholding final judgment upon the last Texas situation pending results of the authority so the federal tender board, according to local oil circles today. The almost complete shut-down of “hot oil" production in the last Texas field by the tender board, with the resultant curtailment of offerings of low-priced distress gasoline in the open market, has been reflected in improved retail motor fuel prices during the last week. The improvement has been especially notable in areas where service station prices have dipped far below normal, due to the recent wave r,f price cutting competition that affected all major markets east of the Rocky mountain area.

Big Units Reticent It was pointed out. however, that neither Standard Oil of New Jersey nor Standard Oil of Indiana, both of which marked down retail gasoline prices quite sharply during October, have made any definite move toward restoring prices to pre-war level. One of the main reasons for this, it is held, is the lack of success of the representatives of the major companies in the industry to arrive at any definite decision on either the differential or distress gasoline purchase problems. Both are of prime importance in establishing retail motor fuel prices, and both are closely linked with the situation :n East Texas. Early reports from East Texas indicated that the federal tender board had the "hot oil” situation firmly in hand, and that, as a market factor, "hot oil” no longer was important. J This impression was strengthened® by the success of the board in hold- s ing up a cargo of several hundred cars of gasoline shipped on the Texas & Pacific in alleged violation of the board's orders. However, the quick success of the shippers to obtain an injunction in a Texas federal court ordering the road to release the cars, coupled with the fact that court hearings Nov. 17 are expected to be the scene of a bitter attack upon the board did much to dissipate this optimistic feeling. Wait Test Outcome The impending court test of the board’s authority was credited in Texas oil circles with having induced one or two companies, previously in full accord with the plan to resume the distress gasoline purchases, to hold off pending results of the court action. This, it is believed, may hold the entire plan up until after Nov. 17. The differential question has been bothering the industry for some time. Standard of New Jersy brought the problem to the front early last month when it announced that it no longer would observe the I’ 2 -cent a gallon differential tacitly granted to independent distributors during the last year and a half. A differential of Li-cent a gallon was held the proper level by Wal-N ter C. Teagle, president, and the company slashed prices to bring service quotations in line at this level. Independents, in turn, slashed and almost daily reductions quickly brought prices to record low levels. Although officials of the company denied any change in its attitude toward the Li-cent differential, current prices in several areas posted by Standard are 1 cent a gallon above the independents’ posting.

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A 25-cent carrying charge per ton will be added. DOMESTIC RETAIL PRICES Anthracite sl3 00 Brazil Lump 604 Brazil Mine Run 5.25 Coke. Nut Size 8.90 Coke. Egg Size 8.90 Indiana Forked Lump No. 4 5 94 Indiana Forked Lump No. 6 5.84 Indiana Egg 5.71 Kentucky Lump Group "B” 7 18 Pocahontas Lump 8.32 Pocahontas Egg 8 42 Pocahontas ♦line Run 7.57

Quality LINOLEUM At Lowest Prlcea In City Ei re,t . B,M $4.85 6 and 9-ft. wide enameled surf sea floor covering. Regular QQ/ , r >9e quality. Sq. yd 03 C OK R c * ( 7r Linoleum Cos. Ml E. Wa,h. Bt. KI-38M

Evening School Strong courses offered In Secretarial, Stenography. Accounting, Bookkeeping and kindred subject*. Spend part of yonr evenings In selfimprovement. Cost low. Central Businass Callage Architects * Badgers BolUlnt

NOW 140 r - Washington fit. * . 259 E. Washington St-. 203 SV. Washington fit. SIIIKH 106111 3. Illinois St.

FURNITURE BARGAINS! Heating Btoves •** 9 * HR Bridge Lamp* * 45-Lb. Cotton Mattresses *5 45 Medicine Cabinets -79 c Pelt Base Remnants 29c yd. Walnut Foster Bed* *8 95 WHITE FURNITURE CO. 243-249 W. WASH. BT.

• •'My Client* t>le*p Well" Unemployment Insuranci For yourself In old age. Enjoy a contented and secure future. (Retirement Aennltlea) Re F. Lindeman Aetna Life liunraaea Cos. lOt.i Floor Illinois Bldg. Rl-930S