Indianapolis Times, Volume 46, Number 169, Indianapolis, Marion County, 24 November 1934 — Page 12

Trends Hicrhligrhts of the News During the Last Week. lime* Edltaf

PRESIDENT ROOSEVELT g inspection tour of the Tenncs,ve Valiev Authority properties •*** followed bv the announcemen.t tha* he intends to have similar development*. with their consequen* cheap power, strewn throughout the country . . . The National Popular Government League warm that public utility companies are prepared to foster a monster propaganda campaign to obstruct the completion of the President s dream. .. . Secretary of Agriculture Henry A Wallace, bowing before the applause of a full house at Tomlinson hall declared tha* as an aid to recovery about 25000.000 crop acres must continue to be held out of production and recommended legislation for sound commodity credit linked with the agricultural adjustment act. . . . Declaration of the regular 52.25 dividend on the capital shares of the American Telephone and Telegraph Company maintained the $3 annual rate on those shares, which has been paid in every year since 1922. albeit the companv has had to dip into surplus in th** last Jew years . Donald Richberg. director of President Roosevelt's executive council, who is being labeled with the appellation assistant president bv many, drafted a six-point program for permanent NBA legislation in a speech *t New York Business *as particularly interested in h* statement that we must change one misconcept ion of the anti-trust laws they were not intended as restraints upon agreements to compete fairly . . . Economists of the agricultural adjustment administration estimate that iarm income this year will be $1 000 000.000, and possibly more, ahead of last year. mam C'sORN futures usurped wheats position as the chief trading medium on the Chicago Board of Trade. The usurpation was more a'.ong the lines of an interesting price performance than it was in outdistancing wheat in trading volume . . . Production of electricity throughout the country last wpek aggregated 1691.046.000 kilowat hours the heaviest load since the work of .tan 24. 1931 . Nervous owners of securities of the Missouri Pacific railroad had their worst fears allaved bv the statement from Jese H Jones. RFC chairman, that the government was not interested in precipitating railroad bankruptcies ... The increase in iron and demand, which has been evident during the last few weeks, is gaining momentum, with specifications in the Chicago area the highest in twenty-one weeks. Output of cigarets continues at a record pace, the October figure lying 10.718132.897. contrasted with 7.176 406.703 in the corresponding month last year . . . Gold holdings of the United States.enhanced recently bv imports from abroad, have reached a lecnrd high of $8 056 120.443. or $1.037.865.517 above the holdings on Feb. 1. 1934. when the country's gold price was lifted to $35 an ounce ... A ruling that the federal milk licensing rode is invalid and unconstitutional was issued by a federal judge in Chicago. Meanwhile. Indianapolis own milk price war. which threatened to bring the retail price generally down to 3 rents a quart, was still removed from settlement.

PUBLIC UTILITY stocks listed on the New York Stock Exchange resumed their down course, with numerous individual issues at pern lows for the year or longer . . Other groups, however gave a better performance and the daily turnover, while somewhat below last week's average, was good. . . Frank M Belcrano Jr. national commander of the American Legion. urges immediate payment of ihe bonus Incidentally. Mr. Rclgrano is a banker and bankers generally are against payment of the bonus at this time, for they viewit as a step along inflation avenue. . The Users Gas Company's at - tomev, who is seeking a franchise to lay gas mams and sell gas in Marion county outside the city, offered to name the mysterious personages behind the offer to the city utility district attorneys . . . Silas H. Strawn. former Hoover barker, jumped on the Roosevelt recovery bandwagon by urging friendly, helpful co-operation between industry, business and the government as the remedy for business revival . . . France caused consternation in the international wheat conference by asking an export quota greater than that sought bv the United States. Heretofore France has been a nonexportvng nation . . . Fioreilo H La Gtiardia. mavor of New York City proposes that loans to municipalities for public works be allotted at % of 1 per cen% mam TEXAS oil producers girded to test national recovery legislation by challenging the validity of the oil code Briefs were filed with the United S’ate* supreme court ... In an pffort to eliminate the advantages which certain brokers and specialists have over the individual trader, tbs' securities and exchange commission is drafting additional fair market practice rules. The body is aiming to give a lift to corporation executives who complain of the cost of registration. . The Monon railroad v, as granted a reduction of 40 per cent on the unpaid taxes of the road since 1932 by the state board of tax commissioners A three - judge federal court in Chicago upheld Federal Co-Ordinator of Railroads Eastman in refusing to permit ti e Big Pour to wrest from the Chicago A- Eastern Illinois railroad its Florida traffic between Chicago and Evansville .. Improved business sentiment according to Dun ABradstreet. Inc., is reflected in the gi*ater volume of advance commitments, particulars in the consumer goods industries and in revival of plans long held in abevance for general industrial expansion So-conv-Vacuum Oil Companv. Inc.. called s2* 197 non of pond* and debenture* for payment on Feb 15 next Payment will be made through be ux loam.

PAGE 12

STEEL SHARES LEAD UPTURN; TRADING ACTIVE

Other Groups Follow With Rails Up Fractions to More Than Point. M\RKETS AT A GLANCE Stocks higher under lead of steel shares, which rise 1 to nearly 3 points. Bonds steady; speculative issues firm. (urh storks advanre fractions to 3 points. Chicago stocks higher. Dollar firmer in foreign currencies. Cotton steadv around previous closing levels. BV ELMER C. WALZF.R 1 nitwt rr financial Editor NEW YORK. Nov. 24—Cumulative evidence of a sharp pickup ahead in the steel industry was reflected today in steel shares, which rose 1 to nearly 3 points and led the stock market into higher territory in fairly active trading On the assumption the United States Steel Corporation would soon pav some accumulations on the preferred stock, traders bid up that issue to 82. a gain of 2\ points. The common stock crossed 37 for the first time in many weeks Bethlehem gained a point. A M Byers more than a point and the remainder of the group fractions to a point in active turnover. The Dow. Jones industrial average reached the best level since April 28 Other groups followed steels. Rails were strong at gains of fractions to more than a point. Utilities continued firm Automobile issues were well taken on outlook for substantial gains in the industry. A still better showing was made by the automobile equipment issues. Oils received a bit of attention Tobacco shares continued to mount into new high ground on outlook for larger or extra dividends. Copper shares did better than in recent sessions Kennecott was the active leader in the group It rose fractionally and small advances were noted in other issues of the group, including Anaconda and International Nickel. Review of Week Stocks resumed their advanre this week when nervousness subsided in the utility and railroad divisions. Volume increased on the rise and a more optimistic feeling was noted in the financial community. Commodities firmed, although the rise wa.s slower than in stacks. Bonds were irregular. The dolllar steadied late in the week and reports were circulated the recent bear position in it had been liquidated. The most important development for the stock market was declaration of the regular quarterly dividend of $2.25 on American Telephone and Telegraph capital stock The issue responded immediately and gained seven points for the week Utilities generally steadied. Traders said the group had been oversold and. as the main list showed signs of betterment, shorts covered their positions. The group showed net earns on the week, notably those issues such as Consolidated Gas. w hich had b< en forced down to record lows. A statement by the head of New York state's public service commission that utility rates would have to be raised if New York City insisted on taxing the utilities further gave them further impetus on the stock market. Under such impressive leadership as American Telephone, the market quickly righted itself. Late in the week volume increased and for a time on Friday the ticker fell behind. Best issues on the board were taken, including th° Steels. American Can. Eastman Kodak. General Motors and Chrysler. Tobaccos were carried tip to new highs for the year. Manv special issues m?de substantial gains. Mercantile issues continued to , respond to favorable sales reports. Liquor stocks were better with National Distillers the favorite. It announced that the proposed stock issue would not be floated at this time, because parmngs had improved and the deal with Distillers. Ltd. of Great Britain had been railed off Earnings are increasing for the liquor issues and their best season for sales is at hand. The rise which was fairly general late in the week carried the Dow. Jones industrial average to anew high since April 28. but the railroad and utility averages were only up moderately and not far from recent lows Chart readers hold that the railroad average must confirm the rise in the industrials before a real rise will get under wav. However the outlook is for something to be donp for th*’ roads soon and there 15 less tendency to sell them short.

Money and Exchange INDIAN ATOI IS ST ATEMF NT Clearing* *1 719 no Debit* s 154 000 oq O*rinss ter ’he week li 991 000 00 Debit * for the week 33,532 000 00 FOREIGN rXUANC.E Bi Abbef Proctor A- Ptire' Pm Close Go-* S’eriinß Enß'anfi $4 5 9% 54 99 i Franc France . 0659 os.sa Lira Italv ORS3 0853% Franc .Belgium 2332 2333 1 a Mark Germane . 4022 4024 Guilder Hoiand 6761 6764 P'C - *. Spam 1366 1367 Krone. Nor* av 2507 2510 Krone Denmark 2229 2230 Yen. Japan 2912 2912 Treasury Statement Bv United Press' WASHINGTON Nov 24—Government expenses and receipts tor the current fiscal vear to Nov 22 compared with the corresponding period oi the previous ffiscai year This vear Last vear Expanse* l3.ns.M£a3.>S $1,792,066.090 41 Re-etpt* . 1 17 938 301 38 1.110 214 565 25 Deficit 1 155.650 541 47 681.851 525 16 Ca*h bai 1 699 659 091 74 1.198 :82 990 69 Daily Price *ndex B* t wtf, 4 f’rr,, NEW YORK No, 24—Din A- B:ad’ret daily weißtved price index "f 'hirt, basic commodity, compiled for the United Press 1930t932 average 100 1 Ys’terday .. 117 90 Year ago 99 79 Week **r> 117 73 193* hleh 120 95 Month ago 115 40 1334 low 10105 (Copyright. 193A. Dun A BradMreet, lac <

Abreast of The Times on Finance

THE LATEST THING IN BUSSES

•_ ■■ i-iai wrnmmmmmm iS———'E"’" **

'T'he latest thing in motor transportation, a steam bus. Is pictured abo.e. Upon completion of present financing, the Stanley Steam Motors Corporation, successor to the Stanley Steam Carriage Company, will begin the manufacture of the unit. It is said that the bus costs over 25 per cent less to operate than internal combustion busses of similar size and load capacity, operating under identical circumstances.

New York Stocks

Sales totaled approximately 670,000 shares for the short session, of which 390,000 shares were traded in the final hour. A week ago the total was 453.000 shares. Dow-Jones preliminary closing averages; Industrials, 102.40, up 0.78 and anew high since April 28, when the average was 102.90; railroads. 36.46. up 0.62. and utilities, 18.34. up 0.15. 'Bi Thomson A McKinnont Prev. 1 Oil*— High. Low. Close, close Atl RfR 26% 25% 25% 25% Barnsdall . 6% 6% 6% 6% Consol Oil Bs,8 s , S'. 8% B'* Cont of Del 19 s , 19'• 19% 19% Houston mewi . 2% 2\ 2% 2% Houston mid' IB lfi IB 15% Mid Cont Pet 11', 11', 11% US Ohio Oil . 10’, IBS IB', 10% Pet Carp 9'-, 9S 9S 9S Philips Pet ... 15% IS', 15 s , 15% Plymouth Oil 8% S’, 8% 8% j Pure Oil 7S 1 Seaboard Oil 2BS 26% 2BS 26% I Shell Un . . BS */ S', 6 s * | Skellev Oil . . 7S 7’, 7’. Sor Vac . 14% 14’, 14', 14 s , I S O of Cal 32% 32% 32% 32S SO of Ind ... 24 24 24 24 S O of N J . 42S 42% 42 s , 42S Texas Corp . 21S 21', 21 s * 21S Tidewater Assn 9', 9 9 9 Un Oil of Cal . . 16S IB s 16', IBS Sleet,— Am Roll Mills 20 S 17', 20S 19S Beth Steel ... 30N 29% 30 s , 29' a Bvers A M 19S IRS 19 18 Col Fuel A- Iron 4S 4% 4 s . 4S Cruc Steel . . 23', 23 , 23 s * 23 Inland Steel ... 44 44 44 43S Ludlum Steel 16 1.7', 16 15 McKeesport Tin 93' 92 s , 93’, 92S Mid Steel 11S 11', 11 s , 10S Natl Steel 44', 43', 44', 43', Otis Steel .5 4S .7 .7 Rep Ir A- Stl 14', 13 s , 14’, 13 1 4 Rep Ir A Stl pTd 41', 41’, 41', 39% U S Pipe A Fdy 22', 21S 22 21', U S Sieel 37 5 ,33 5 , 37 s , 36', U S Steel pfd . 82 79'2 82 79', Warner Bros s’, ss,5 s , S’, s s , Younßtwn SAT 19 s , 18’, 19% 18S Motor*— Auburn 26% 26 2BS 25 s , Chrysler 38 37 S 38 37', Ge Motors 32 . .lIS .713* 31 s , Graham Mot ... 2S 2S 2S 2S Hudson . lIS 10 s , 11S 10 s , Hupp • 1% 3 3’, .1 Mack Truck . 27 26’, 27 2SS Nash 1.7 s , 15 s , 1.7% 15 s , Packard 4% 4 4 4 Reo . . 2 s , 2% 2% 2% Sttidebaker 2' 2 2 2 Yellow Truck 3 s , 3’ 3 s * 3 s , Motor Acre,,— Bohn Alum 60 5 9 6 0 59 : , Borß Warner 29', 28% 29', 29% BriRRS 23 7 , 23 s , 23% 23 Budd MfR 6 5% 6 5% Eaton MfR . 18% 13 18', 17% Eler, Auto Lite . 27% 27', 27% 27% Elec Stor Bat 47% 47% 47% 48% Houdaille iAi . 6', 6% 6% 6', Mullins MfR ... 9% 9% 9% 9 Murrav Bodv ... 6% 6% 8% B s , Stew Warenr B s , 8% 8% B s , Timk"n Ro'i 35% 34% 35% 34% Timken Det Axle 7% 7% 7 s , 7% Minine— Alaska Jun 17% 18% 17 16 s , Am Metals 14 13% 14 13% Amer Smelt ... 36% 35 5 , .78% 35% Anaconda ... 11 10% 11 10% C'al A- Hecla 2% 2 s , 2 s , 2 s , Cerro de Pasco 28% .78% 38% 38% Dome Mines 38% 35% 36% 36 Granbv 7 6% 7 7% Gt Nor Ore 11 s , 11% 11 s , 11% Homestake Min 360 360 360 355 Howe Sound 49 48% 48 s , 48% Ins Copper • . 2% 2% 2% 2% Int Nickel 2.7% 23% 23% 23% Kennecott Cop . 17 16% 17 16' . Mclntyre Mine . 41% 41% 41 s , 41 Park Utah 3% .7% 3% 3% Noranda Cop 33% 32% .33% 32% Phelps Dodße . 14% 13%% 14% 14% St Joe Lead 16% 15% 16 15% Vanadium . . 19% 18% 19% 18% Amusement*— Croslev Radio . 14', 14 14% 14 Fox Theater 13% 13 s , 13 s , 13% j Loew? Inc 35% 34% 3.7% 34% I Radio Coro . 6 s s , 6 5% | Paramount 3% .7% 3% 3 s /, Warner Bros .. 4% 4 s , 4 s , 4% ! Tobacco*— Am Snuff ... 68 68 88 Am Sum Tob .. 23% 23 23% 23 Am Tob IAI ... 85 85 85 84% Am Tob B' 88 87', 87% 87 Gen Cißars 57 57 57 56% 1 L A Mvers 'B' 110 109% 110 109% : Lorilard 19% 19 19 19% 1 Phillips Morn, 39% 38%335,9 5 , 38% Revnolds T 181 50% 50% 50 s , 50% Rail*— Atchison . 55% 54% 54% 54% Atl Coast Lines 31% 30% 31% 30% RAO ■ 14% 14% 14 s , 14% Can Pacific . 11'. 11% 11 s , 11% Ch A Ohio 44% 44 44% 43 s , Chi A- Gt W pfd 4% 4% 4% 4% C M A S' P 33 32% C M A St P pfd 4% 4% 4 s , 4 '2 Chi N W 5% 5% 5% 5% Chi N w pfd . 10% in 10 10 Dela A- Hud . 40% 39 s , 40% 39% Del Lac A W 18% 18% 18 s , 18 s , Erie 12% 11 s , 12% 12 Ort Northrn pfd 15% 15 16% 15% 111 Central 17% 16 s , 17% 16% K C Sou 8 8 8 7% Lehigh Valiev 16% 10 s , 11 10% M K A T 6% 8% 6% 6 M K A T pfd 14 s , 14% 14 s , 14 Mo Pac 2% 2% 2% Mo Pac nfd 7% 3% 3% 3% N Y Cent 21% 21% 21 s , 21% N Y New Haven Bs,8 s , 8% 8% 8% Norfolk A West 174 174 174 170 Nor Pacific 19 s , 19% 19’, 19% Penn R R . 23 s , 23 23% 22 s , Readinß 4! 41 41 Sou Pac 18% 18% 18% 18 Sou R R 18% IS . 16 s , 16 s , Union Pac 105 s , 10.7 s , 105 s , 106 West Marvland 9% 9% 9% 9% Equipment*— Am Car A- Fdv 17% 16% 17% 16% Am Loco 18% 18 18% 18 Am Steel Fdv .. 17% 16% 17% 17 Bald Loco 6% 6% 6% 6% Gn Am Tnk Cr 37 s , 37% 37 s , 37% Gen Elec 20 IS% 21 19% Gen R R Sir 28% 28 s , 28% 28 Pullman Inc 49 5 , 48 49% 47% West Air B 27 27 27 27% Westineh Elec 3.7 s , 34 s . 35% 34% Utilities— Am A For Pwr S% 4% S', s km Pwr A Lit 7% 3% 3% 3 s . A T A T 108% 108 108% 108% Am Wat Wks 14% 13% 14 14 Cos: Gas A- Elec 8 7% 7% 7% Com A- Sou I’. 1 1 I', Consol Gas 27 - 2.7', 23 23 n c T*w- A- 7 or, ?% a In’ Hvdrn Flc 2 s . 2 s , 2% 2 s , Interbo-o R T M% 13% 12 s , 17 s , Int TAT 9 8% 9 B s , Lou G A E A" 13% 13% 17% 17% Nat Pwr A- Lit 7% 7% 7% 7 North Amer IP. 11 11% 11% Par G A E 11’. 14% 14% 14% Peoples Gas 22%. 22 22% 21 Pub Ser' N .T 79% 28% 29% 28 s , So Cal Edison 12 s , 12% 12% ,7% S-d Gas 6% 5% 6% 5% S’one A- Webs’ff 5 4% 5 5 Unved Corp 3 2 s , 2 s , 3 Un Gas Imn 13% 12 s , 13 12 s , Ut Pwr A Lt A' 7*. 2% 2% 2% Western Union 34% _ 34 34% 33-' Rubber*— Firestone .... 16 s * 15 s , 16% 16 Goodrich 11% 10’, 11% 10 s , Goodyear .... 25% 24 s , 25% 25 Kellv Soring I s , 1% I s * I s , U S Rubber 16 s , 16% 16 s , 16 s , C S Rubber pfd 38% 38% 38% 38 Miscellaneous— Allis Chalmers 16 15% 16 15% Am Can 105 s , 105%. 105 s , 105% Am Mach A Fdy 20% 20% 20 s , 20% Anchor Cap 18 s * 18 s * 18 s * 19 Brklvn Mar. Tr 38 3.’* 38 * 38 * Burroughs Add 15 s * 15 s * 15 s * 15 s * J I Case >4 a 03% 54 53% Conti Can 62 s * 61 s * 62 s , 61 s , Caterpillar Tract 34% 34% 34 s * 34% Crown Cork 27% 27 27% 26 Curtis Pub 21 19 s , 21 20% Curtis Pub pfd 85% *5% 85% 84% Deere A Eastman Kodak 116 115 ll6 116 Foster wheeler 14 s * 14% 14% 14% Gillette I'* !♦% 'J’j *l% Olidden ** 2* 2 2R 2* * ineersol! Rand 63% 63% 63 % 63*, Inf Bn* Mach 152% 172 157% 152 Intel Hl-v 76 * 38 , 38-. 33 , Ntl Cash Reg . 1. 16 s , 16 s * 17 Owens Bottle 87', 87% 8%, 8. Rem Rand 1" J% P * • Under* or J E JJ * M% 55% 54 Am Sugar ..... 61 60 6! 60 2 i Worthing n Pmp 18% IJ% >*:* I*% Armour Com ’* £ *:* *; I Armour 6* pld *0 70- 70% 70% t

INDIANAPOLIS, SATURDAY, NOVEMBER 24,1934

Beatrice Cream . 18 s , 18% 18', 18% Borden Prod . . 25% 25 25% 25 Cal Packing 38% 38% 38 s , 38% Canada Dry G A 16% 16% 16% 16 Coca Cola 150 s , 150 s , 150% 150 s , Cont Bak "A".. 5% 5% 5% s s , Corn Prod 69 s . 69 5 , 69% 69 Crm of Wheat 34% 34% 34% 34% Cuban Am Sugar 5% 5 5 5 Gen Bakinß . . 7% 7% 7% 7 s , Gen Foods . 34% 34 5 ,335,4 5 ,34 5 , Gold Dust 17% 17% 17 s , 17% G W Sußar . .. 27% 27 s , 27% 27% Hershey 72% 72 72% Loose Wiles .... 36% 36% 36% 36% Natl Biscuit 30% 29 s , 30% 29 s , Nail D Prod ... 17% 17 17% 17% Purity Bak Bs,8 s , 8% 8% 8% S Porto Rico S 24% 24% 24 s , 24 s , Std Brands .... 19% 19 19 19 Un Biscuit 24% 24% 24% 24% United Fruit . . 72% 72 72% 72 Wrißley 74 74 74 73% Retail Store*— Firs' Natl Stores 64% 6.3 s , 64% 64 Gimbel Bros . 4% 4% 4% 4% Gr Un Tea . ss,5 s , ss,5 s , s s , 5% Hahn Dept Sts 5% 8% 55, 6 Kresge SS ... 21% 21% 21% 21% Kroger Groc . 29% 29% 29% 29% Macv R. H 48 s , 48% 48 s , 48% McCrorv St .... 7 s , 7 s , 7 s , 7 s , McLellan St 12% 12% 12% 12% Marshall Field . 12% 12% 12% 12% Mav Dept St . 44 s , 44% 44% 44 5 , Mont Ward 30', 29 s , 30% 29% Natl Tea 10 s , 10 10% 10% Penney J C .69% 68% 69 68% Sears Roebuck . 42% 42 42 42 Woolworth 54% 54% 54% 54 Aviation— Aviation Corp . 4% 4% 4% 4% Boeing Aircrft.. 10 s , 9% 10% 10 Curtiss Wright . 2 s , 2 s , 2% I s , Curtiss Wri IAI 8% 8% B s , 8% Douglas Air 22%. 21 s , 22% 22 Nor Am Av. 3% 3 s , 3% 3% Sperrv Corp ■ 9 81, 9 Utd Aircraft new 12% 12% 12% 12% Chemicals— Air Reduction . .112% 112 112 112 s , Allied Chem 135% 134 s , 134 s , 135% Am C'om Alcohol 33% 32% 33% 32% Col Carbon ... 74% 74 74% 74 Com Solvents . 22% 21% 22 21 s , Dupont 99% 99 99% 98% Freeport Tex ... 27% 27% 27 s , 27% Liquid Carb ... 23% 21% 23 22 Math Alkali ... 29% 29% 29 5 , 28% Monsanto Chem 61% 60% 61% 60% Natl Dis new .. . 26% 26% 26% 26% Schenlev Dist . 28% 28 28% 27% Tex Gulf Sulph 36 35% 36 35 s , Union Carbide . . 45% 45 45% 45’, U S IndU AICO . 44% 44 44% 44% Drugs— Bristol Myers... 33% 33% 33% 33% Cotv Inc 5 5 5 5 Lambert ... 27% 27% 27% 27% Lehn A Fink ... 15% 15 s , 18% 15% Sterling Prod .61 59 5 , 61 60 Un Drug mewi 12% 12% 12% 12% Vick Chem ... . 33% 33% 33% 33% Zonite Prod .... 4% 4 4 4 Financial— Adams Exp 7% 7 5 ,, 7% 7'/, Allegheny Corp . 1% 1% 1% 1% Am Int Corp .. 6% 6% 6% 6% Chesa Corp 39% 33% 39% 38% Lehman Corp .. 70% 70% 70% 70 Transamerica .. 5% 5% 5% 5% Tr Conti Corp .. 3 s , 3% 3 s , 3% Building— Am Radiator ... 16% 16 16 15 s , Gen Asphalt .. 17 17 17 16% Holland Furnace R% Bs,8 s , 8% 8% Int Cement .27 26% 27 26% Johns Manville 56% 55 s , 56 55 % Ltbbv Owens Gls 29% 29 29 s , 28 s , Otis' Kiev 15 14% 15 15 U S Gypsum ... 50% 50 50% 49 s , Household— Col Pal Peet ... 17% 17 17 17V, Congoleum 35', 35', 35% 35% Kelvinator 16% 16% 16% 16 s , Mohawk Carpet.. 16 s , 16% 16% 16% Proc A Gamble 44 43 s , 44 43% Servel Inc 7% 7 s * 7% 7 s , Simmons Bed ... 11 10% 11 101, Textiles— Amer Woolen ... Bs,8 s , 8% 8% 8% Belding Hem ... 12% 12 s , 12% 12% Celanese Corp .. 30 29% 29 5 , 29% Collins Aikman . 15V* t 4% 15V, 14% Indus Rayon • 26 s , 26% 26% 26%

, Chicago Stocks j IBy Abbot, Proctor At Paine I Prev. Close, close . Allied Products 13 13 | Bendix Aviation 16 s . 15% j Borg-Warner 29% 29 s * ! Butler Bros 8% 8% Central <fc So West % % Chicago Corn, com 2 2 ' Chicago Corp pfd 28 27 s . ; Chicago Mail Order 14% 14% Cities Service 1% 1% i Cord Corp 3% 3 s . j Crane Cos 8% 8% Great Lakes Dredge 18% 18% Iron Fireman 18% 18% Libbv-McNeil 6% 6% i Quaker Oats 128 128 I Swift A- Cos 19% 19 Swift International 35 34 s * Utility Tnd % % I Vortex Cup Cos 14 e 14% Walgreen Cos com 28% 28% Zenith Radio 2% 2% j 1 1 ' M — " ' *" ” * New York Curb ißv Abbott. Proctor &• Paine) Prev. Close, close. Allied Mills 11% 10 Alum Cos of Am 51% 51% Am Beverage 1% ... Am & For Pwr War 3% .- - Am Cyanide B“ 17% 17% Am Gas & El 17% 18 Am Superpower I s * l‘n Asso Gas A: El 12 12 Atlas Corn 9 84 Can Indus Ale "A” 9% 9 Can Marc 2 Carrier Corp 12 s * 12 Cities Serv 1 % 1% Consol Gas of Balt 55 55% Cord Corp 3 s * 3- 2 I Deere & Cos 23 s * 23% Distillers Corp 18 17% j Dow Chem 80% 79% j El Bond A- Share 8% 8 Kisk Rubber 9% 9 s . Ford of Can “A" 25 5 , 26% Ford of Europe 9 s . 9% | Gen Aviation 4% 4% Glen Aiden Coal 24% 23% Gulf Ol! of Pa 57 56 s . Hiram Walker 28 s . 27% Humble Oil 44% 43% Imperial Ot! Ltd 17% 17% Hud Bav Min 12% 12 Lake Shore Min 51% 52 Ltbbv McN Libby 6% 6% Mt Producers 5% 4% Natl Bellas Hess 3 2 s . New mont Mm 39 39 Nia Hud Pwr 3 s . 3% Novadfl Agene 21i% 20 s . Pan Am Airways 34 33 s . Tark Davis 31 s * 31% Penn Road 2 I s . S' Regis Paper 1% I s . Sal Creek Products 6% 6% Sherwtn Wms 82 82 Std of Kv 17% 17% Technicolor Ind .2% 12% Teck Hußhes Gold 4% 4% Un Gas I s . I s . Un Pwr A- Lit ’ A" 1% 1% Wright Hargraves Mm 8% 8% New York Bonds 'Bv Fenner A: Beane 1 Prev Close, close. Alien Corn 5s - 50 26% 28 Am k For Pwr 5s 2030 53 s * 53 s . A T 4 Tdb 5s '65 110% 110% Atchison Gen 4s 95 105% 105 B 4 Ocv 4%s '6O 52 % 51 s . Can Pac 4s '57 84 s , 84 s * C A’ O 5s 39 112% 112 Ch M St P A P adj 5s A 2000 6% 6 s , Ch M St P A P rs 5s A 75 22 22 Cons Gas N Y 4%s '57 103% 102% Denmark '55 99% 99% Erie R R rs 5s '67 67 66% Goodvear 5s '57 103 102 s , Gt Nor 4% D '76 71 Gt Nor 5s Ar. 36 88% 88 s * Interboro RT 5s '66 79 79'* Int T A T db 5s *55 58 57% Loriilard 7s 44 126 s * . Mcicess A Robbinson 5%s 50 93 93'* Nat Dsirv rib 5'., 48 100 s * 100 s . N Y Central 5s O 2013 62% 61% Nor Am Ss 61 82% 82 Pac Ga, A FT. if A '42 106 s , 107 Para Pun 5%s 50 60 60 Penn R R 4'.-, D 81 97 s , 97% Poland 7* 47 11l 110% Shell Union Ct; 5* 52 132 s . 103 Sir Con* •% P 38 ‘03 s . 163S Texa* Corn 5s 44 103% 183 s . Un Pac Is' 4s 47 107% 107 s * V S Rubber 5? A 47 89% 89% Vanadium 5s "41 *2% 82% Western Un 5s 51 . 84% 845* Vmmgstawn S A Tss £ 70.. 87% 87 s *

DECEMBER CORN SELLS AT NEW HIGH FOR YEAR

Strong Tone at Liverpool Forces Grain Values Upward. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Nov. 24—December corn today sold at anew seasonal high on the Chicago Board of Trade. With no material pressure to drag on the market, the entire price range was higher. Wheat closed 1% to 1% cents higher, corn was % to 1% cents higher and oats were % to •% cent improved. Surprising strength at Liverpool brought firmness into wheat futures. The English market finished with values ranging from I s * to 1% cents higher. Buying for Argentine account wa.s given as the reason for the advance in the latter market. Buenos Aires also held higher. Aggregate trade in wheat was not large and the market was rather easily influenced both ways. There was fair buying on the recessions and selling orders on the upturns minimized the advance. There was fairly good export business in Winnipeg, about 750,000 bushels reported sold. Cash corn held its strength throughout the session and helped to lift future deliveries. White com in the cash market continued to hover around the dollar mark. Oats were dull most of the day, taking their cue from the major pits Provisions opened about steady and were little changed at the finish. CHICAGO PRIMARY RECEIPTS —Bushels— Todav. Last week. Wheat 372,000 498,000 Corn 284.000 433.000 Oats 88.000 85,000 Cash Grain ißy United Press! CHICAGO. Nov. 24.—Cash Rrain: Wheat —No. dark hard. $1.08%: No. 2 dark hard, $1.07%. Old corn—No. 1 yellow, 91c; No 2 yellow. 9141.91',c; No. 1 white, $1.01%; No. 2 white, $1.01%. New corn—No. 3 mixed. 88*/*® 88 %e; No. 2 yellow. 91c; No. 4 yelow, 88c: No. 2 white. $1.00%; No. 3 white, 98%c. Oats —No. 2 white. 56%® 57c; No. 3 white. 55c; sample. 50%c. Barley—Quot. 75cft $1.22. Timothy—*l6.so® 17.50. Clover seed—sls.2s® 21. Soy beans —No 2 yellow, sl. Cash provisions—Lard, $10.37; loose, $10.25; leaf, $10.25; bellies, $14.25. TOLEDO. Nov. 24 -Grain close: Un elevators, transit billing, i Wheat—No. 2 red. sl.ol® 102. Corn—No. 2 yellow, 94® 95c. Oats—No. 2 white, 58%®59%c. Rye —No. 2. 78® 79c. 'Track prices, 24%c rate.' Wheat —. o. 1 red. 97%®98c; No. 2 red. 96%®97c. Corn—No 2 yellow. 89% ®9o%c; No. 3 yellow, 88® 90c. Oats —No. 1 white. 56® 57c; No. 2 white. 55%®.56%c. I.OCAL CASH MARKET City Rrain elevators are payinß 87 cents for No. 2 soft red wheat, other grades on their merits. Cash corn No. 3 yellow 78 cents, and oats 43 cents U. S. Bonds 'Bv United Press' NEW YORK. Nov 24.—Closing Liberties 'decimals represent thirty-seconds': Liberty Prev. Close close. 3%S '32-47' 103.20 103.19 First 4%s 132-47' 103.18 103.18 Fourth 4s '33-38' 103,26 103.24 Treasury 4Vi 3 Vis '45 101.30 101.30 4Vis '47-52' 112.2 112.8 3% (43-47' 103 103.5 3%s 141-43) March 103.16 3 Vis 1411 103.16 103.13 3 VaS '46-491 101.6 101.5 3s 15—551 100.6 100 6 3s '46-48' 100.6 100.9 Home Owners Loan Corporation 3s Mav 1. 1952-51 98.28 99 4s July 1, 1951 100.23 100.28 Federal Farm Mortgae* Corporation 3%s March 15. 1964-44 95.30 96.22 3s March 1, 1952-44 98.28 98.29 FEDERAL FARM LOAN BONDS (By Blyth A Cos.) 4s July 1, 1946-44 99 s , 100% 4s Nov. 1, 1957-37 99 s , 100% 4s Mav 1. 1958-38 99% 100% 4',s July 1. 1956-36 100% 100 s , 4%s Jan. 1. 1957-37 100% 100 s , 4%s Mav 1. 1957-37 100 s , 100 s , 4%s Nov. 1, 1958-38 100>/ 2 101 4' 2 s Mav 1, 1942-32 100 s , 101% 4%s Jan 1. 1943-33 100% 101% 4%s Jan. 1. 1953-33 100% 100 s , 4%s Jan. 1. 1955-35 100 s , 100 s , 4' 2 s Jan. 1. 1956-36 100% 5s Mav 1. 1941-31 101% 102', 5s Nov. 1, 1941-31 101% 102% Retail Coal Rrices The lollowtng prices represent Quotations tTom leading Indianapolis coal dealers A 25-cent carrying charge per ton will be added. DOMESTIC RETAIL PRICES Anthracite *13.00 Brazil Lump 6*4 Brazil Mine Run 5-j-5 Coke. Nut Size 8.90 Coke, Egg Size ••••• ?-£2 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 CONSTRUCTION AWARDS 4TH HIGHEST FOR YEAR Contracts L*>t During Week Amount to $37,407,000. By 1 imes Special NEW YORK, Nov. 24.—Engineering construction awards last week amounted to $37,407,000, the fourth highest week for the current year, according to a report today by the Engineering News-Record. Heavy federal awards during the same period totaled $17,139,000, while municipals amounted to $16,991,000. and private contracts were placed at $3,227,000. Cumulative engineering construction awards to date are approximately 23 per cent ahead of the corresponding period last year. The highest volume' was in public buildings whose contracts totaled $9,296,000. Street and road awards amounted to $8,654,000. while earthwork. irrigation, drainage and waterways amounted to $9,728,000. Industrial building awards were placed at $1,384,000 for the week. PASSENGER TRAFFIC UP Zephyr Increases Rail Business 93 Per Cent. By Timet Special NEW YORK, Nov. 24.—Since operation of the Zephyr, anew streamlined train on the Chicago, Burlington <fc Quincy route, an increase of 93 per cent has been showm in passenger traffic, according to Ralpn Budd. president. The new s bullet type train operates bet ween Lincoln, Neb. and Kansas Citv, Mo. Approximately 20 per cent of the passengers were curiosity riders, a survey showed. The train, which seats about seventy-two passengers, cost around $200,000.

Fletcher Seeks Views of Nation’s Financiers on Central Bank Plan

Head of Senate Banking Committee Launches Questionnaire. By f mtrri Prrttt WASHINGTON, Nov. 24. The proposed central federal bank today is again to the front as conservative and radical leaders are making ready for the impending fight over banking and monetary legislation. Chairman Duncan U. Fletcher (Dem., Pda.) of the senate banking and currency committee, has sent a questionnaire on possible legislative changes, such as the proposed central bank, to at least twenty-four banking leaders throughout the country. Views of the bankers will be considered in possible changes of the banking system. Senator Fletcher said, explaining he had asked answers on nearly fifty questions. Proponents of more extreme legislation pressed their views simultaneously. Father Charles E. Coughlin, Detroit radio priest, came here to interview administration figures. Senator Elmer Thomas (Dem., 0k1a.% supporter of man” of Father Coughlin's views, will arrive shortly. Interest Not Abated The Fletcher questionnaire was interpreted as indicating that interest in the central bank plan has not abated among legislators, despite reports that the administration viewed the proposal coldly. Some of the questions to which the bankers were asked to reply confidentially were: Is there to be a governmentowned and operated banking system? Is the power over the issuance of currency to be vested (a) in a nonpolitical authority on which both government and private business are represented (such as the federal reserve system was intended to be); (b) in the secretary of the treasury las it now is); (c) in a nonpolitical privately owned but government-chartered central bank (Bank of England); or (and) in a government-owned and operated central bank? If the currency is to be irredeemable “managed" currency, upon what terms it is to be issued and how managed? Is a fixed ratio to gold to be reestablished, and, if so, under what conditions? A further centralization of banking and the power of issuance of money in the hands of the federal government has been studied by government agencies. A special committee appointed by Secretary of Treasury Henry Morgenthau Jr. will submit findings to him shortly. Administration Silrnt The administration is not yet committed on the “central bank'’ plan and will not likely show its feelings on the matter until after the convening of congress. Senator Alva Adams (Dem., Colo.), a banker in private life and a member of the banking committee, today expressed opposition to the central bank proposal. He declared against too much tinkering with the federal reserve system. “I am against having the government handle the private credit of the country," Senator Adams said. “The federal reserve act on the whole has worked well. It has made for decentralization of control in order that local conditions may rule. “Giving the President power to name governors of the federal reserve banks would lead toward centralization of control and uniformity which would not work well. “The federal reserve act needs some amendments but it is fundamentally sound."

Produce Markets

Delivered in Indianapolis prices; Heavy hens. 11c: Leghorn hens. 7c; colored springers, 12c; old roosters. 6c; ducks. 7c; geese, 6c; voung guineas. 20c; old guineas, 15c. Turkeys—No. 1 voung hens, 8 lbs. and over 14c; young toms, 14 ibs, and over. 14c; young toms, 11-14 lbs., 12c; No. 2. crooked breasts and thin turkeys. 8e: old toms, all weights, lie, No. 1 strictly fresh country run eggs, loss off 25c; Each lull case must weigh 55 lbs. gross; a deduction ot 10c a pound for each Sound under 55 lbs. wilf be made. Butter o. 1. 30®31c. Butterfat—26c. Quoted bv the Wadlev Companv (By United Press' CHICAGO, Nov. 24. Eggs—Market, steady; receipts 1.964 cases; extra firsts, 31c; fresh graded firsts. 28c; current receipts, 24®26c; dirties No 1, 20%c; No. 2. 18c: checks No. 1, 18%c; No. 2. 16c Butter—Market, weak: receipts. 8.359 tubs: extra firsts '9O-91% score, 1 27®28'c: extra (92 score'. 29%c: firsts 'BB-89% scores 25 s *®26'c; seconds 'B6-87% s.'.orei. 24%®25c; specials. 30®30%e: standards. 27c. Poultry—Market, firm receipts, 35 trucks. 1 car, 1 car due springers, 13® 16c: Leghorn hens, no quo>e Leghorn springers, lie: ducks, 12® 15c: geese. 12%c: turkeys. 20c: roosters. 10c: hens. 9® 14c: capons. 6-7 lbs.. 17® 18c Cheese-Twins. 13 s *® 14c. Daisies. 14%® 14%c: Longhorns 14%®14%c. Potatoes— Supplv moderate: demand and trading light market about steadv: Wisconsin Round White. 80®82%c; Idaho Russets. *1.50® 160. combination grade $125: Colorado McClures. $1.85®!, 90. Arrivals 84 on track 263. shipments 163 CLEVELAND Nov 24 Butter mark*’ steadv. extra whi'e 33c: s’andards. 31'*c Eggs—Steadv. extras. 33%c current receipts. 25c: pullets 22c. Poultry—Market steadv fowls colored 4% lbs. and up. 16c ducks light, lie: geese heavy fat. 14c. geese ordinarv. 12c. turkeys young. 21ii 22c: old hens. 18c: old toms 16c; No 2 turkeys. 15c. Potatoes—Maine. sl® 1 10 a 100-lb bags: Ohio best mostlv. 75 4j 85c a 100-lb bag. Michigan. 30® 85c a 100-ib. bag.

Other Livestock

ißv Times Special 1 LOUISVILLE;. Nov 24.—Cattle—Receipts, 50- market, nominal compared week ago; sausage bulls and cows mostly steady; other slaughter classes around 2ac higher; Stockers and feeders draggy and unchanged: week's bulk, common to medium, steers and heifers, S3 25® 4 50; few better finished 15® 5 50: strictly good, quotable to SS bulk plainer grade beef cows *2 25 ® 2 75- practical top. S3: low cutters and cutters. sl®2; bulk sausage bulls. $2 25® 2 75: better beef type stock calves, quotable $4 50® 5: common to medium grade native stockers and feeders. $2 75®.3 75 Calves —Receipts. 125: market, steadv and fullv 50c lower for week; closing cutk better vealers $4 5047 5 strlctlv choice. $5 50: medium and lower grades. $4 down Hogs Receipts 150 market. s’eaCv: top and bulk better 200-300 lbs. $5 70 180-195 lbs. $5 30 305 lbs up $5 25 1 60-175 lbs $4 70: ’4O-155 lbs $4 20 100-135 lbs $3 50: sows. *4 35: market, mostlv 30c lower than week ago Sheep—Receipts . 25; market nominal unchanged for week closing bulk medium to good lambs. $5.50®6 choice eligible. $6 25. bucks, mostly $4 5065; light throwouts. $3.50. better Ul ewes. $1.50®2.

' I j®: &?--' ; .-i 138111* ,**, '%*%

Duncan l". Fletcher

PORKERS SHOW LITTLE CHANGE Prices Remain Steady on All Classes; Cattle, Veals Scarce. With only a slight change evident in hog trading at the local stockyards this morning, practically all classes ended the week at steady levels. Dealings were quiet and receipts sharply lower. Today's supplies were estimated at 3.000. as compared with 14.000 in the previous session. The bulk, 160 to 190 pounds, was selling at $3 to $5.20, while 190 to 230 pounders, cashed in at $5.30 to $5.60. Extremely heavyweights, ranging from 300 pounds upward, were salable at $5.40 to $5.60. while lessweighty kinds, scaling 230 to 300 pounds, brought $5.70 to $5.75. Few better grades reached the top price of $5.80. Holdovers numbered 257. In the lightweight division, porkers weighing 140 to 160 pounds, brought $4.25 to $4.50, while medium kinds, scaling 120 to 140 pounds, sold at $3.25 to $4. Extremely light slaughter pigs. Weighing from 100 to 120 pounds, were salable at $2.50 to $3. Packing sows ranged from $5 to $5.50. Activity in the cattle market was scarce with the majority of prices unchanged. No early sales were reported. Receipts were estimated at only 100. Vealers also were scarce and fully steady with yesterday’s average. Receipts numbered 100. No test was made of the lamb market and practically all early supplies consisted of fed western stock. No early action was evident. All prices held stationary. Receipts were quoted at 1,500. HOGS Nov Bulk Top Receipt* 19. $5 20® 5 50 $5 90 1 400 20 5.05® 5.35 5 80 11 000 21. 5 05® 5.35 5 80 7.000 22 5.20® 5 50 5.90 8 000 23. 5.00® 5.30 5.80 14,000 24. 5.00® 5.30 5 80 3.000 (140-160' Good and choice . . $4.25® 5.00 |l6O-180< Good and choice . 5 00® 5 20 1180-200) Good a:id choice ... 5 20® 5.40 1200-220' Good and choice .. . 5.40® 5 60 '220-2501 Good and choice .... 5 60® 5 80 '250-300' Good and choice 5.70® 5 80 '215-300) Good 5 50® 5.70 Par-kino cnws '275-350' Good 5 25® 5 50 (359-425i Good 5 10® 5 35 ' 450-5501 Medium 5 00® 5.25 (275-550) Medium 4.75® 5.10 'IOO-'3oi s'ausnter pis* Rood and choice 2.50® 3.50 CATTLE —Receipts. 100— —Steers—-(sso-900) Choice $7 00® 8 00 Good 6 00® 7 50 Medium 4 00® 6 00 Common 2 50® 4 00 1900-1 1001 Choice 7 75® 8.75 Good 6 25® 7.75 Medium 4 25® 6.25 Common • 3 00® 4.?5 (1 100-1.300) Choice 8 50® 9 75 Good 6 25® 8.50 Medium 4.50® 6 25 (1 300-1.500) Choice 8 75® 975 Good 6.50® 8.75 —Heifers—-<sso-7501 Choice 6 50® 7.00 Good 5 00® 6.50 Common and medium 2 50® 5.00 (750-9001 Good and choice 5 25® 7.50 Common and medium 50® 5.25 —Cows— Good ... 3 ill)® 2 2.'. Common and medium 2 25® 3.00 Low cutter and cutter 1.25® 2.2i> Bulls—(Yearlings Excluded) Good 2.85® 3.50 Common and medium l.B® 2 85 VEALEKB —Receipts. 100— Good and choice $5 50® 6 50 Medium 3 75® 5 50 Cull and common . 2 00® 3.75 —Calves—-(2so-500) Good and choice 4.75® e.so Common and medium 2 50® 4.75 —Feeder and Stocker Cattle——Bteera— (soo-8001 Good and choice 4.00® 5 00 Common and medium 2 SO® 4 00 iBOO-1.050i Good and choice . • 4 00® 525 Common and medium 2 75® 4 00 Good and choice 3 00® 4.25 Common and medium 2 50® 3 00 —Cows— Good 2 50® s.oo Common and medium 2 00® 3.50 SHEEP AND LAMBS Receipts. 1 500 — Larube 90 lbs down eood and choice ........... $6 00® 6 50 Common and mcdiim 4 oe® 8 on 90-120 lbs . Rood and choice .. 2 00® 2 50 Sheen— IJ2O-150' Good and choice 1 75® 2 25 AH weißnts ecmmOD and medium 1 25® 2 00 Other Livestock (By United Press 1 CHICAGO. Nov. 24—Hors—Receipts 14,000 includinß 13.500 directs; hardly enough on hand to establish a market , le: the week ended Friday, top on heavyweißhts $6 15 as compared with *6 10 a week aRO Cattle—Receipts, 500: carves. 300 compared Friday last week vrlme heavy steers strong others weak to 25c lower; top *9 90 with *lO quotable, best light steers, $9 40. strictly good ar. t choice light and long yearling', 25® 40c lower extreme top long yearli'igs. $9 10; best 1 045-lb yearlings. $8 90. oulk steers and yearlings $5 75® 8 75. ouik heavy steers' 16® 8 50. w ith be"er vrades $9 upward vealers 50® 75c iowev Sheep—Receipt* 3 000 for week end.-d Friday three doubles from feeding stations: slaughter lamb* 40® 50c higher sheep strong to 25e up: feding lambs weak 'n 2Se lower week s top $6 85 for several V> ads to shipper:'. 93lb clipped lambs *5 85 Thursday few plain yearlings a* 75 slaughter ewes. *sl ‘s® 250 f*ed-.ig lambs. *s® 5*5 FT WAYNE Nov 24 Hogs -Sieadv: 250-300 ib< *"< 65 225-250 !b $5 50 200225 !hs S5 75 180-200 ;b> *5 25 160-180 lb* %S 7.J0-350 lbs $5 25 150-160 lbs $4 40 I*9-150 lbs $4 15 130-140 lbs , $3 65 120-I*’, lbs. $3 15 100-120 lb* $2 6.6 roc-ns. *5. stags. $3. Calve*. $6. lambs. Jo.JS.

Latest Stock, Bond and Commodity Quotations

LOADINGS GAIN HELD POINTING TO TRADE SPURT Trend Indicates Slump Low Was Reached July. 1932, Report Says. Car loadings in the two weeks endpd Nov. 10 indicate that another improvement in general business has begun, the Railway Age declared in a study issued today. Tn these two weeks revenue freight traffic was larger than in 199.1 for the first time .since June, and larger relatively than in any month since July. Statistics for only two weeks are not sufficient to assure a definite change of trend, the publication says, but they do. however, give encouragement when it is much desired and needed. ‘ The real bottom of the depression. it is pointed out," was reached in July. 1932. No available statistics better illustrate the changes in general business that have since occurred than those of the railways for the months of July, August. September and October in the three years 1932. 1933 and 1934. Ciain Above Normal A rapid increase in car loadings occurred throughout August. Scp- | tember and October, 1932. A normal increase between July and October is about 13 per cent, in 1932 the increase was almost 31 per eent. This caused an increase in railway gross earnings between July and October of 25% per cent, while net I operating income increased from less than $11,600,000 in July to almost, $64,000,000 in October, or more than 450 per cent. “The trends in the corresponding months of 1933 were entirely different. Car loading increased between July and October less than 6 per cent. There was almost no increase in gross earninßs and a substantial increase in operating expenses. The result was a decline of net operating income, which was $64,307,000 in July and only $57,265,000 in October.

19.14 Rise Larger “Between July and October, 19.14. car loadings increased about fi per cent—relatively more than in 1939. but only about one-half of what is seasonal and relatively only onefourth as much as in 1932. Confronted with a declining trend of traffic, the railways reduced lheir operating expenses when ordinarily they substantially increase them. “If recent car loading statistics do indicate the beginning of another upturn in business, it is probably due to economic readjustments tending to reduce disparities in the buying power of different industries and classes, and especially between the buying power of agriculture and industry in general. “Between January and August., 19.34. the increase in the average wholesale prices of all commodities was 6 per cent, while the increase in the average wholesale price of farm products was 19 per cent. The advance in prices of farm products m August was the largest in any month since May, 1933, and it probably has continued. “The disparity between agricultural and industrial purchasing has been one of the principal causes of the long depression and every reduction of it until parity is restored will stimulate general business.” NEWSPRINT EXPORTS UP Rff I nihil f’rrsK OTTAWA. Ontario. Nov. 24.—Export of newsprint, from Canada during October amounted to $6,959,000, the dominion bureau of statistics announced today. It was an increase of $674,000 over the same month last year. On Commission Row Quotations below are average wholesale prices being offered to buyers by local commission dealers. FRlTTs—Cranberries. Cap* Cod early blacks 25-lb box 53.75: Wisconsin '.oilers. 25-lb. box. 51. Grapes. California Emperors. 27-lb. box. *2 15. Perslmr, on - Indiana. 12 pis.. 90c. Avacadox box. 1 35. Quincps. bushel. S3 Bananas, pound 4 1 ,e Apples, maiden blush. $1.50 Indiana’ Jonathans. $185: grimes golden, $1.35 81.75 Melons. California honev dews $2 75 Lemons, sunkist. 3605. $5 50: red ball 350 x $5. Grapefruit. Florida. 70s-80s $2 50 Limes per carton 12s. 25c, .seedless per hundred $3 Strawberries. 12 box crap $2,256/2.50. California rhubarb, $' 50 a box Pineapples crate. $5 506/6. VEGETABLtS—Cabbage. Northern Danish, 50-lb. bag, 65c: red pound, 3e. Onions, Idaho sweet Spanish, large 50-!b $1 40: Michigan yellow rned.. 10-lh bag’ 23c. western white 50-lb. bag $185: Michigan. yellow. $1 25. Potatoes. Green Mountains. 100-lb. bag $1 45: northern round white. 100-lb, bag 95c: Ohio*. 100-lb. bag *1.65: Idaho Russets 100-lb. bag. $2. Sweet potatoes. Indiana Jerseys bushel. $1 60 fi 1 75, Tennessee Nancy Halls, bushel, $1 40. Beans, round stringless. hamper. S2B 2 25. Beets. Texas. 3 doz. crate $1.50. Carrots, home-grown dozen 35c Cauliflower, crate, $1 65. Celerv. Michigan, medium, dozen 50c: lumbo. dozen, 75r: hearts: Munch *1 125 Cucumbers, hothouse. $125; Endive dozen. 45c Egg plant, dozen $1 50. Kale home-grown, bushel 30c Lettuce pothouse 15-lb. basket. 60' If'bergh head lettuce, $4 50*7.5 00 Mangos. Florida, crate, $3 50 Mint, bunch. 15c. Parsley, dozen. 35c Peay—Hamper $484 25. Spinach home-grown broadleaf bushel. 60c Radishes. dozen. 50e Toma'oes ho’hou-e 8-11. basket $1 25 Turnips, homegrown, dozen. 25c. Pumpkins, dozen. $ I 25 FRITTS AND VEGETABLES Bv Uni'ed Press' CHICAGO No- 24 Apples Michigan Mclntosh bushels. 2 : inch $16582 ]>•- fure—California crates. $2 75*/ 4 Swt potato**—Tennessee, bushels 95c8 $1 10, Illinois, 75e8 sl. Indiana SI4OB 175 Celry- Michigan, crate-, square 358 600 Cauliflower—Oregon. crates, $1,158135 Spinach Missouri, bushels, 65885 c Illinois ,35c*/$1 Cranberries- Massachusetts ’< barrels. $3.508 4 25. Wisconsin $3 508 4 Carrots Illinois, bushels. 40 r 50c. B'ann Bushels. Florida $l5O 8 2.25 Cabbage - Illinois and Wisconsin, crates. 408 50c Onion market iSG-!b. sacksi; Michigan velows. 50c8$ 1 Michigan, whiles 35C8$1 25 western yellows, 95c851, Illinois and Indiana yellows 50890 c.

Quality LINOLEUM At Lowest Prices in City 9x12 Felt Base q r Ruga P^t.oo 6 and 9-ft. wide enameled surface floor covering. Regular oq 59c quality. Sq. yd. J/C OK k \', t k Linoleum Cos. 901 K. Wash. St. RI-3986 Evening .School Strong course* offered in Secretarial Stenography, Accounting. Bookkeeping and kindred subjects. Spend part of vour evenings in selfimprovement. Cost low Central Business Collect Architect* A Builder* Building. Indiana |o)i*.