Indianapolis Times, Indianapolis, Marion County, 26 October 1937 — Page 15

TUESDAY, OCT. 26, 1937

CHRYMLER LEADS SESSION IN QUIET IRREGULAR TREND

Fir mas Utilities Weaken.

NEW YORK, Oct. 26 (U. P.).—Another rush of buying came into Chrysler Corp. capital stock during morning dealings today to enliven an | otherwise irregular and quiet stock market. The rise failed to follow through and profit- | taking followed.

Steel common was whirled up for a few minutes along with Chrysler and other steels firmed. Rails had

a brief period of strength and then

sank again. Utilities and chemicals weakened. Farm and mail order shares were up on a few sales. Cop-

pers sagged. Wall Street awaited action of U. S. Steel directors after the close. There was less talk of a common postponement of the Jones & postponement of th e Jones & Laughlin Steel Corp. dividend. United States Steel touched 57% and then jumped to 1:0%'z, up 17 Later the issue was pack to 59%. still up 1's Chrysler rose from 67% to 72, the latter up 2%, and then dipped to 71. Allied Chemical touched 161, rose to 164'. and then eased to around 164, off 2 net. Westinghouse touched 105, up 5 from 99% and then dipped to 102. B "

Today's Business

HOGS At a Glance Oct, Bulk To Receipts | 19. $10 351 10.50 $10.80 C7000 + We , 20. @1 10.35 | CORPORATION NEWS a 29810 20 10:30 2300 | . ‘ ie BoA 22. @10.10 10.15 American Cyanamid Co., first nine 23. 9.80 10.65 10.05 S00 months’ consolidated net income. 3g 915 10 10 10.500 ‘ | Light Lights nn $4 235.057, equal to $1.68 a share on | “fi {EM Goon and choice..$ 9.10@ 9.40 combined class “A” and “B” com- lieniweignts TOO Stalin 5780 Io mon. vs. $2,803 266 or $1.11 year ago: (160-180) Good 2nd choice. . 32 p40 y VO. ’ ’ ¥ 1 . ve a J.1¢ . i et in- (180-200) Good and choice.. 9.15@ 9.40 September quarter SER n Stuitt Medium aa 3.80% 9.19 r nts a com- (200-220) Good and choice.. 9.15@ 9.35 come $1,391,632 or 55 ce |. (220-250) Good and ohoice.. 9.10@ 9.23 bined common share, vs. $1,479,685 Heavyweights— and (250-290) Good and choice.. 8.95@ 9.15 or 59 cents previous quarter (200-350) Giood and choice. 8756 9.03 $1,095,263 or 43 cents year ago. | Packing Sows 275-300) Good 8.25@ 8.50 Atchison, Topeka & Santa Fe | (350-425) Good 8.15 8.40 b net operat- | (425-550) Good . 8.00@ 8.25 Railway Co. September I rr | 275-550) Medium 7.50@ 8.25 ing income $204,081, vs. $1, 403,216 | Slaughter Pig g 4 | (100140) Good and choice.. 8.35@ 8.35 year ago, nine months $14,557,240 vs. Medium ovr 8.10@ 9.10 $10,889,658 year ago. | Reo E00 Bridgeport Brass Co. excluding | (S50-500) Gh0ire -ueviivevs $12. as: 80) unconsolidated subsidiaries, first Medium ..... oe 7.00 @ 9.50 | v ~ ofit $931,152, Vs. | Common .......... 5.506 7.75 | nine months’ net profit $931,152, VS.| (ap0-1100) Choice ete 14. 004: 18: | 3000 Cay 9 15,00 | $658,806 year ago. Medium... . A 8m10.00 | Commercial Credit Co. September | | (1100-1300) Common (plain) 3 18 0m 10s quarter profit before minority in- Good Se 11.006:15.5 y ] ium ves yl tO - terest, $3,655509 vs. $3,356,625 year | 13pn.1500) Choice I ear ago; after minority interest balance | Good ...... deen [email protected] for common equal to $1.91 a share ; Heifers vs, 81 bu year ago; nine months (550-750) Soles aay "Nive fo to | Treas ease. Je u . profit $10,755,784, or after minority HD, Commen oh . 5.00@ 9.50 { - 00 an Cc nice . interest equal to $5.62 a common | Common, medium. 5.25@ 9.75 share, vs. $8,434,395 or $4.30 year Cows ago. | Good iy oe 5.75@ 7.50 Common, medium .......vuu 4.50@ 5.75 General Foods Corp. and subsidi- | Low cutter and cutter ...... . 3.25@ 4.50 aries September quarter net profit | ook. te Bulls ood (beef . wo. 6.50@ 7.50 $2,922,351 equal to 55 cents a share | [ Cutter, sommon "and medium 4750 6.50 vs. $2778935 or 53 cents previous | Vealers Qunirgge iy $3795 = 2 | | Good and ch Sh, 8.50/10,50 | 3000 ant ChoiCe .....v.vvvves 9.50% 10.50 | year ago; nine months, $9, oi edium She 8.50 9.50 | or $1.86 vs. $10,617,200 or $2.02 year | Cull and medium ............. 5.50@ 8.50 |

ago.

Long-Bell Lumber Corp., Septem- | ber quarter loss $4130 vs. $3755 year |

ago; Long-Bell Lumber Co. September quarter profit $296,584 vs. $69, 936

year ago. Loose-Wiles Biscuit Co. and sub-

sidiaries first nine months net profit | $622,249 vs. $1,175,155 year ago.

New York Central R. R. Co. September net operating income $3,165.634 vs. $4,356,071 year ago; nine

months $32,155,055 vs. $32,679,976 |

vear ago. Pittsburgh & Lake Erie R. R. Co.

September net operating income | $576.050 vs. $605,037 year ago, nine |

months $3,988,212 vs. $3,917,998 year ago. Ruberoid Co. and subsidiaries first nine months net profit $805,470 equal to $2.02 a share vs. net income of $607,862 year ago; September quarter net $331,043 vs. $398,037 year ago.

quarter consolidated net profit

Most Steel Yesues)

(500-800) Good and choice. .

Porker Prices

Ease 10 Cents

In Local Yards

Hog prices were 10 cents lower on weights above 160 pounds, while light lights and pigs were steady, according to the Bureau of Agricultural Economics. Top was $9.40 on choice 160 to 180-pound weights. Sows were steady to bulk $8 to $8.50.

| Receipts were estimated at 7000 | | Auburn Auto ..

head. Practically all classes of killing |

steers were of value to sell at $7.50

to $10.50, with early top at $11.25. | Heifers moved at $5.50 to $8. Cows

ranged weak to 25 cents lower, cutter grades bulking at $3.25 to $4.50. Continued heavy marketings of vealers had no further depressing effect on values, but additional losses in Eastern dressed values and lower advices from nearby centers put buyers in a cautious mood. Good to choice vealers held at $10 to $10.50, with most mediums from $8 to $9. Lamb prices lost 50 cents late Monday after trading weakened under the bearish influence of losses at other centers, and today's transactions continued on such basis. Good to choice ewe and |

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By United Press,

Alleg Corp p ‘pf

AllegCp pf $30 w :

Alleg Steel . Allied Mills .. Allied Stores .. Allis-Chal ..... Amal Leath ... Am Bank Note. Am Br Shoe ... Am Chain & C Am Enc Til . AmEE Pwr 2 pf Sm Joa. ov Am LOCO. +...

Am Loco pf ... 65

AmMach & FPdy Am Mach & Met, Am Metal ... Am Pwr & Lt.. Am P & L 6 pf Am P&L 5 pf A Am Rad & 8 8 Am Roll Mill ..

AmRollMillcy pf 3:

Am Seating Am Smelt .... Am Stl Fdies Am Tobacco ... Am Tob B ..... Am Type FP. .... Am ater W .. Am Woolen .... Am Zinc .... Anaconda . Armr Del pf . Armour Ill .... Armstrong CK .

Artloom ..

Asso Dry Gds .. | Atlas Corp | Aviation Corp

| cattle sagged today. Steers, year- | gald Loco et wi lings and heifers were generally 25 | cents lower than yesterday. Most |

Balt & Ohio ...

Balt & O pf ... 1

Barnsdall ......

Beth Stool 7 ot. Blaw-Knox ..

T 1 Bklyn-M _T pf. 3

Bucyrus-Erie Budd Mfg

Bu Sulake, os M. Burroughs . Butler Bros Byers, A M

Callahan Zinc . Calumet & Canada Dry ... Can Pacific Capit Adm A ..

Caterpillar T .. 6

Celanese. ...... Smee teed ... Ches corp ay Ches & Ohio . | Ch M Sst & P | Ch & Nw Ry Chi Nw Rypt

wether lambs bulked at $9 to $9.50, | Enis

medium fleshed kinds from $7.50 to |

$8.50 and thin lightweight offerings

downward to $5 mostly. Slaughter ewes yielded 50 cents to move most[ly at $2 to $3.

Calves (250-500) Good ,and choice.. 8.00@ 10.50 |

East Kodak .. | Eaton Mi | Eitingon Sch

(Chrysler. .... Citl JRF City Sto 8 Climax Moly 8

Coca-Cola

Coca-Cola pf .. Col Fuel & Pron 181: Colum Gas ... Com Solvents Commonw & So | Com & So of . Cons Aircraft .. | Cons Edison..

Cont Can ... Corn Prod

Cotv ini dae

| Crown Cork | Crown Zeller | Crucible St . Cub-Am_Sug .. | Curtis Pub .. curtiss-Wr ....

Davega Strs ... Deere & Co ....

{ Deisel W G ....

DLac& W .... Diam Match ...

Dome Mines Douglas Air . | Du Pont ...

| Elec Auto-L

E “ El Paso Nat Gas | Erie Cees Eureka Vac .... | Evans Prod ....

Pair Morse | Fed Mot A + + | Firestone pf A . | Flintkote . | Follansbee Freept- Sulphur.

Gabriel A ...... Robt

alr Robt .....

| Gen Am Tr | Gen Bronze

| Gen Cab Jj Cine 1 Gen Cig Se a | Gen Electric’ yo

Gen Foods ... Gen G & E A Gen Motors | Gen Pr Ink Gen Ry Sig _.... Gen Thtre Ba . T&R ..

Gillette 5 R .. Gimbel Bros .. Glidden . Goodrich ..... . Goodyear .....

Common, medium. 5 0G 8.00 | Gotham Hos

Feeder and Stocker Cattle Steers

| to date; top, $6.75 down; vea'ers 50 cents | Savage Arms Corp. September |

lower at $10; few $10.50 Sheen—Receints, 5000. including 500 directs; most fat and febding lambs steady easier; aboul steady: goyd to choice

Nb to $227.440 equal to $1.35 a common | natives to packers, $0.50 [email protected], choice

share vs. $153,335 or 91 cents pre-

cated net $422,524 or $2.57 vs. $130,104 or 76 cents year ago.

DIVIDENDS

Commonwealth Edison Co. special 31% cents on $25 par stock payable Dec. 1, record Nov. 10. This will increase 1937 payments to

$1.56% on that issue and is equiva- |

lent to $6.25 on the $100 par shares previously outstanding. In 1936 company paid $5 on the old stock. Savage Arms Corp, 75 cents on common payable Nov. 30, record Nov. | 10 vs. 50 cents Aug. 30. Sherwin-Williams Co. regular quarterly $1 on common payable Nov. 15 record Oct. 30. Stewart-Warner Corp. extra 25 cents and regular semiannual 25 | cents payable Dec. 1 record Nov. § vs. like extra June 1.

N. Y. Bonds

By United Press

BOND PRICE INDEXES % Wo

Inds. Rails Utils. Bonds

Yesterday ..... 84.1 Te 94.3 85.3

Week ago ...... 82.5 "4 23 82.3 Month ago .... 88.5 82.5 96.3 89.1 | Year ago ..... 928 98.6 105.7 99.1 Two vears ago. 90.1 "9.5 101.% 90.5 793% high ..... 950 101.2 1060 100.% 1937 low ...... 82.5 mi 7.3 82.3 | 1936 high ...... M8 1004 106.2 100.2 1986 low ....... 90.0 84.7 103.5 93.3 | 1935 high ..... 914 86.4 103.6 93.1 1935 low ... 83.6 71.0 89.3 83.0

(Copyright, 1937, Standard Statistics Co.) |

NEW YORK, Oct. 26 (U. P.).—Bonds |

opened higher, Amer Int 5': was

Bell Tell Pa 5s MB. ee 115% 8 8 Can Pac. 48 ........vvivvvin 86 Va Hi Cent 4348 ........ vei0vivs 47 Ly It. TR T 4s 52 woiven 53 Mo Pac 5s '65 ‘ va ot 34 Norway Bs ......oivaivore 1017 “+g Pere Marquette 4s .......... 15 i Schulco 6s A Std ........ 22% Sev

BO PAC “JUS cervivirrrreiies 933 ween

| held $0.75 up: slaughter ewes, $2.50@4; | Wvomine feeders. [email protected].

vious quarter and $129,056 or 76 | cents year ago; nine months indi- |

LAFAYETTE, Oct. 26 (U. P.).—Hogs— Nar steady to 10c lower; bulk 170-225 bhs., $9.10/@9.35: 225-325 Ibs., $8.75@9: 140HA "bs. £[email protected]; 120-140 lbs, [email protected]; 100-120 1bs,, $848.25: roughs, $8 down. Calves and Lambs—[email protected] PT. WAYNE, Oct. 26 (U. P.).—Hogs— Market, 30@40c lower: 160-180 Ilbs., $9; 180-200 1bs.., $8.90: 200-225 1bs.. $8.80: 225250 1bs,, $8.70; 250-275 lbs. $8. 60, 275-300 1bs.e $8.50: 300- 350 1bs., $8.40; 150-160 1bs., $8.75; 140-150 Ibs, $8. 50. 130-140 Ibs. $8.25; 120-130 lbs, $8: 100-120 lbs, $7.75:

| roughs, $7.50; stags, $6.25. Calves—$10.50.

Lambs—$9.25

Curb Stocks

NEW YORK, Oct. 26 (U. P.).—Curb stocks opened firm.

Open Change Tne + 2

Alum. Ltd ........oc000000 > Ark Nat Gas A ....ovivinnns 4Vy J 1g | Carrier ‘Cp +... vvivevvivnioee 30% 4 134 Cities Serv .... void vers. 2V8 4 M4 Bl BES ....covoiimmvdveievee 103% 4 3a Ligh Oil. .... vevvvvsvvvvnves 20s <4 Jp | McWms Dredg ..... ves weeny 10% + Se Niag HH. P ...ovcvivvsvevvaen 83 — Vy | Technicolor CER 1 RR BES. ..ousirrie ere, 5Va

LOCAL PRODUCE

(The prices quoted are paid for stock athered in the country while for deiveries in Indianapolis the prices are 1 cent higher. Each full case of eggs must be 55 pounds gross.) BEggs—No. 1 strictly fresk eggs, loss off, 22¢ doz. Heavy breed hens, 4'2 Ibs. and over, 18c; under 4'2 Ibs, 16¢; p ¥s 'y springers, 1'2 Ibs. and over, 18c; Leghorn hens, 1l4c;

| Leghorn springers, 1% lbs. and over, 16c¢; | Bareback broilers, 14c; old roosters, 9c; | voung Sucks, 4 Ibs. and cover, 12¢; old |

ducks, geese, 9 to 14 Ibs, Te. utter Ne. 1. 38'2@3%; No. 2, 36%@ 37c. Butterfat—No. 1, 34c; No. 2, 32¢c.

U. S. STATEMENT

WASHINGTON, Oct. 26 (U, P.).—Gov-

ernment expenses and receipts for the |

i current fiscal year through Oct. 23, com- | pared with a vear ago This Year. List Year, Expenses . $2,443 034,094. Receipts . 1,924.019,117. Deficit . 519.014.977 { Cash bal.. 2,707,392,987. 1 Work. bal 911,084,889. 1 Pub. debt. 36,954,161,038.00 33, Gold res.. 12,799,313,602.83 11, 0s. 702/866.03 Customs .. HE 304, 564.11 3232 525.09 ; To s purch, Tot tal purch. Inactive gold 5. ‘B44. 049.38 $1,267.8 5 092.65

INDIANAPOLIS ¢ CLEARING HOUSE

CIOMIIRES coe iv vrei ovens $3,354,000 Debi

65 cuvvveiiiiiiiereniensseeees 7,180,000

Inco Invs 17.36 Tet, 1, Securities Tn re USED&PB

[OCOD uv. ivvavenns b Bid.

INVESTING CO.’S

Ins

d 1262 13.48 2 3.43] : A LR Co ko ’ C 16.25 18.00 Invest Ban orps: fm In 75 .83 Bncam Bi 6.12 iE 6 Bost 14.25 4 84, Schpf HP 1.25 50/In Pd C n 10.41 .. IKystCFB2 : » CFB3 » ‘CFK1 > CFK2 CFS2 CFs4

Affi Pd 4.74

Am Bus . Am Gn Eq .67 Am Ins 4.60 As Std Oil 5.60 Basic Ind 3.75

Bos Fd 16.50 17.85 Bri Type .36 Broad 8 24.18 25. ‘36 Bullek Pd 13.84 Can Inv 3.55 Cent Trt 20.18 at. 70, Md Fd : 3.68 Mass In _T 20.41 . (Mut In Fd 11.15

Com Inv 3.44 Cons Fd A 4. Contl Shs 1. Cp r Shs 2.36 Cp Tr AA 2.26 Cp Tr Acc 2.26 Ace mod 2.74

Crum Fos 22. 25. 1? "ss 2 . | Bank ...| Didg Sup : 1 Elec Eqt

Fd tr B 44

Gen Ky 30. 8 3 :

Gn Inv Tr 4.97 Group Securities

Agri . Auto 924 Bldg 1.33 Chem 1.27 Food 79

RR Eqt Mm Stee 1

| Huron Cp 33

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"COMMODITY PRICES

7.25@ 9.00 Common, medium. 5.50@ 7.25 m Late Times Yesterday (800-1050) Good and choice . 7.35 9.50 |, Reprinted From oo Common, medium. 550@ 7.25 . Heifers— New York Good and cho vanes aia oad Cov ron and edit Teeny 5.25@ 7.00 | Sigh Low ! ¢ DEE var. .19 . RTL uy aia SIRO a5 5s | December 8.00 Common and medium ...... 425@ 4.75 [March «uve 7.96 SHEEP AND LAMBS MEY ove Te —Receipts, 2000— DR wer Eh — 8.07 LE wi NII 0.25@ 9.50 | Spot. 8.34. BED Oi, (RODE. vvi ovine eee, 8.50 9.25 NEW YORK COTTONS Prev Medium ore 7.00@ 8.50 . COMMON ...ouves SST ee . 5.00@ 7.00 Roe Shorn Ewes JANUALY cuvsuinnen . a. (90-175) Good and choice.. 2.50% 3.00 | March 7. .i3 Common, medium. 2.00@ 2.50 | March ....eovovivn 71.31 na CHICAGO, Oct. 26 (U, P.).—Hogs—Re-| Eh y ceipts, 21,000. including 6000 directs: mar- | SUGAR Ket around 50 cents lower: ton, $9.35: Bulk | High Low good, choice 150-250 Ibs,, $99 30; few 260- M r h 2.32 [ 300 lbs, $8.75@ 9; most packing sows, $7 85 | I kK 9.34 8.25; lightweights up to $8.35. | May NPR 2.38 Cattle—Receints, 7000: calves, 1500; an- | Ny other very dull steer trade. steady to 25 BUTTER gents of oh He. done Rest fed Steers 32; { ich bulk @ sizeable supply under | IP “enveeaes 33% $9.50: 25 to 30 cents lower bids on today's Novembe receipts and yesterday's holdovers; beef ‘ cows 25 cents off: cutters steady to 25] High | cents lower: bulls 50 cents lower for Reon | 18%

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1953 2.12 5 2.64

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See Final Edition of the Times

Closing Stock Quotations and Other Late News

DOW-JONES STOCK AVERAGES |

High Low 30 INDUSTRIALS Std Oil Ind ... 35% 35% Yesterday ...... cesneveneve 13048 +N.28 Std OIL NJ ... 51 51% Week ago ...... revere 12665 Lye NBteR Brod .... 31% 37%, Month AO ..........esee.s. 158.16 41.13 | Stone & Web .. 12. 11% Year ago ........oovi00en THL36 200 [Studebaker ..... ae ga High, 1937, 194.40; Tow, 125.73. Superior Oil ... 3 High, 1036; 184.90; low, 143.11, Superior 2 I, 13% 0 4 8 20 ‘RAILROADS oo | BWift Intl 000 25% 25% Yeosterfay “....uvovooninienns . 34.04 41.72 | Syming-Gould . 87% 87 Week ago ..... Se 30.09 —0.46 | Symg-Gould xw Tz 7% Month ago ...... TTT 40.83 0.43 —T Bar WEY sere ee 58.03 --0.68 | Texas {icp 431; 43% High, 1937, 61.16; low. 30.09. Te Car rod. ‘wi . High, 1936, 59.89; low, 40.66. T & Ge AT 8% 8% 20 UTILITIES Tex Pac Bh pire alos nn 41.27 atchner ...... “ay “eq yoerasy ae 2.11 Thermoid ..... 51, 5 Bk HED “voy Tee 19.65 —0.19 Thomp Star .. 2% 27% Month Who oo ivsiveieen 24.08 --0.35 Tle 4 A Oil 15% 15% ~ | Timk- AR 141, 14%, Yo. ey RL a ti 34.98 40.37 Timken R B 461; 46%, gh, 193%, 37. 54; Tow, 19.85, Trans& West Air Va n High, 1936, 36.08; low, 28.63, Soot LF ‘ S49 . ais ~ S ot en ox 25Va 25Vz Yesterday Heh i Lok 45.05 -2.43| Twin Coach ... 10's 10% RO The TALON u's's'u's ss wa yy ee 41.57 4-0.05 w—J— Month ago ............ 52.58 0.46 BART NEY Rl wt | Union B &P .. 11 11 ch RRA 64.18 +0.94 | gnion Carb ... 80% 80% High. 135. 69.63: low, 41.32. Un Oil Cal ... 20% 20% ® 5.38; low, 51.2, Un Aircraft Cp 18 17% Un Air ines . 8% 8% High Net Un Carbon ... 63 63 Granam-Paige igh Low ‘Last ‘Change ynited Corp ... 3% 3% Gra 47 7 7 aN United Drug ... 8 8 Granny Union .. 21, 3 3 aad Un Coal ? 4% Gt North pf ... 20%a 20 © 991s +i Un Eng & Fdy . 31% 31% Gt Nor Ore ... 14 14 MN + % United Flai 3% 34 Gt West Sug .. 29 9 ¢ i. Un Gas Imp ... A 8 Green H L . . HR 2 3 x “| Un Paperbd ... 5% 5% gre hound Cp.. 11% 10% 11 . US Sromht ow? no vant Sug .... 1'z2 1% i Wy iypsum 1 n ! *{U 8 Hoffman .. 10 10 en U 8 Leat $ Hayes Bdy .... 3 1 s 5 Hazel no a 3 3 31 a a y S aR F Be “214 Hollandr & Son 13% 13% 13% .... ||US Rubber .... 27 267 Homestake .... 447 447% 44% + '% [US Rub 1 pf .. 56% 56% Houd-Her B .. 13 13 13 4+ Y% ||US Steel ...... 58% 58'a FEO OF . 9% 9% + | Un C1 ‘ai 4% fra | Hupp Motor .. 2% 2% 2% 3 15 {Ut ooo AY Ya wm Vo Jl Central .... 13% 13% 13% 34 % ;Vadsco Sales .. 1 1 Ind Rayon .... 23% 2314 231% 1 1. | Vanadium vos 10% 15 Inspiratn Cop . 11% 11% 11% 15 | Van _Raalte ... 25% 25% | Inter RT 4! 4, 5, | Va-Caro Ch ... 4% 4% Inter ‘Iron .... 10% 10% 10% 1, | Va-Car 6 pf ... 27% 27 Int Ag pr. pf 27 27 27 + 2 Win Int Harvester . 75 75 75 -—2 Wabash bf A 51 51 51 Int Hyd El A.. 6% 6% 63% 1a Waker iy 919, 9194 21% i Int Nickel ..... 46's 46 46 — ‘Walworth .... 3 Th 5, yi y 1 " 4 1 rr > Int P&P ..... 10% 10% 10% + ¥ [ward Bak B Ge Gn Ge oo Int P& P pf . 46% 46, 461, i- 3% | Warner Bros .. 8% .8% 8% A Int T & T .... 6% 6% 6% 4 Ya|Wayne Pump .. 31% 81% 31% Y Intst DS ..... 14% 14% 14% + 3% | West Md 2 pf. 93 934 9%, 5 a West Umion’'.- 3372 33% 33% : ost, Jnion o . Johns-Man ... 86 85% 86 4 % West Air, Bke' 27 i 2 Va 21 1 —— esti 1% - 2 Kan © Sou pf. 21% 21% 21% + 1% | Willys “era 8% 8% uw Kelsey-Hayes A 11% 11% 11% Ya | Wilson & Co .. 61a 61%, 812 ~— | Kennecott ..... 372 367% 3675 — 1% | Woolworth .... 41': 41% 41%, Va | Kresge SS ..... 17 17 17 ~— % | Worthington .. 20% 20% 20% — 3 mane —Ye [Leh P Cem ... 19% 19; 191% .... Yellow Tr ve 1134 117% 11% 4 ¥% eh V Coal pf 5% 5% 5% 4 Y% | Young 8S & W . 25% 25! 252 ten Val RR ... 8% 8's 8s .... Young Sheet .. 44! 43 43 —1 fh EE Bn BEC 8 | PE. aves 030% 31, 81, — % : Loft, Inc . 1 1! 1! on Zenith Rad .... 22% 2215 215 4+ Ya Line Star Cem 36% 36% 363% = 15 | Zonite ee a 3% 3a uu Long Bell A .. 33 3% 3% + Se ——————— Loose-W PIs ve 232 22; 221; .... Lorillard vor 1838 1874 1814 Ya Laatum Stl... 10% 19% 193% SELLING CUTS GAIN —Ma Mack . Tr, . vv 25% 25% 25Vs 1a | | Macy R H 345%: 34! 312 4+ | | Maracaibo EX . 2's 2g 2% 4 1p] arine Mid 73% 3% 82 + 0 Marshall Fld 14a 144 14%, . Martin Parry 3W 334 3% 13 Mathieson . ... 25% 253 253% Is Malntore Porc © 31% 34% 3% + '% | Tcintyre ore. ..« 347% . B + “8 1 Mekeasoort C241 a0. 2a... Corn and Oats Prices Make MeResson& Robb 20m 9% 9% a enge ‘ 8 Big gta - 5 . Mesta Mach .. 43 43 43 a Fractional Advances. Mian, Hy 87% 8 "8 8s — 13 in-Moline 1 1% Nox Tex pdf 11? 11% 1L% 1 | fonsanto ... 9 2 (U J) — Mont Ward ... 407% 40% 40% v |, CHICAGO, Oct. 26 (U.P 5 Mother Lode .. 7s % =. 1a | Commission house selling in mi il Motor el ld 10:3 1412 = '%|session today cut into wheat gains Mullins Mfg B. T'4 7 7 + "15 {on the Chicago Board of Trade. Murray ....... T's TV a + Y%| At the end of the first hour a EN» | wheat was 1% to 1% cents higher, NR ert © S0% 30% 30% —''w, |corn ‘was 1; to 3% cent higher, and Nat Cash Reg.. 21% 21% 21% ,. (oats were i cent higher Nal Dairvec : Mart 1, 1+ = | The bearish movement by ‘com- | [Nat Sullers . 237s 237, 23% ¥ "1s | mission houses held down the adat Gypsum .. 6'2 612 62 — 1% lwp ‘hi av { |'Nat Supply ... 43% 23% 293 + 1, | vance which got away to a good Natomas. ...... 8a 8's 8% + a start on the upward trend in stocks. NY Central ©. 2012 201s ais — 3; | December wheat met pressure as the NYC & St L .. 23% 23'z 23% + 3, nearby future approached the $1 NONE pes.. 3 WB + | mark. Reaction in Liverpool had a No Amer vo 18% 18% 18% 3, | further, though slight, depressing inNo Bh An dm yim yaw + Yalfluence. Wheat ‘receipts ‘were 29 ally. | cars. Ohio Oil . iw 3v aw 4, Corn advanced about 1 cent al, | Qnibus hr 10% 10% 10% — 4 bushel, but the upturn then mei S JIev ...... 2 a 2 ! | : : . |S Ser) 11% 11% 11% 1" |selling on heavy carlot receipts. No Owens Ni Glass 71'> 712 7% +1 | fresh export business has been repa. | ported. Receipts were 273 cars. (Bac Gg Hl... S07 25% 5% — 4% | acific Ltg .... 39 39 3 4 3 WAGON WHEAT Rackard AARRIE 62 §la — Ni] ‘City grain elevators are paying for No anhane: ces 1% 1% 5 Ys | 2 red, Bic; other grades on their merits. | Para Pet 1 pf Meni: 00 Wave Ny, [JET com. ew ‘No. 2 yellow. "tie. “Oats, | [Para Pic 2 pf.. 12> 12% 12% Se Labi a [pazk & Til... 2 Wk UN IY LIVERPOOL WHEAT | Parke Davis .. 35 35 85 4 7 High Tow Close ‘Dios [ Pathe Fim ..N_$6 6 6 .s 10h. ~voevaees $1.33; $1.31'5 $1.32'2 81.30'% { Patino Mines .. 11'2 11'2 112 — 3% | Pec. v........ 1.31% 1.287% 1.30'> 1.28! | Penn 2 Cpt A2lh 21 21k 4 2% Mar. ........ 1.24% 1.23 1.23% 1.22% [fem R by vy Ho 241; 24% — 3; May ...... 1.233% 12134 1.22 1.213% 2 | Pet Cor EE | | 113 113 ~~ ——————————————————————— Bbwesticy Tf CHICAGO PRODUCE ila Rea 1 Phil Morris .... 4's 7T4'; 741s % Phillips Pet .... 433% 43% 433% 1 Eggs—Market steady; ac eIpts 4025 cases, Pierce O of v SiN TY T% 1, | fresh graded first 215¢: extra firsts, Pitts Sc & B.. 8! 814 81, 4 1, | 2415c¢; CHIyent receipts. 22¢; checks, 17'zc Pitts United .. 23 25% 2%: 4 3, |dirties, 1915 i Plymouth Oil .. 183% 183; 18% .... Butter “Market steady. receipts, 71926 Foor B « 1034 1034 103, - 1; | tubs; extras (92 score), 35c¢; extra firsts | Press Stl Car.. 10's 10 10 J 1, | (90-911; score), 33':@34%c,; firsts, 32@ Public _Serv . 3d 37 37 — Y, | 32'%c; seconds, 28@30'2c, standards, 34'cc Pure “Oil ... vu 1334 1314 131% . centralized (89 score), 32'zc¢ centralized | a | 188 score), 33c oy ia v Poultry—Market steady; receipts, 44 Radio Ribr go aan Kh, Ya treks, ‘dueks, 17@20¢, geese, 15¢, Jens, | *R=Or ».. 3% 8 8 | 1TYve@21%c; spring chickens, 9@20Ysc, Rem-Rand .... 15 15, 5 | roosters, 14@15¢; broilers. 24@26c; turkeys, Reo Mot ces 38 33% 33 Ya | 16@22¢c: leghorn hens, 1414¢ Republic Stl ... 18% 18 18 + Ya | Cheese— Twins, 196 19%c: daisies, 19% Boys Je wr IBY: 18%, 18% . 1915¢; longhorns, 191,@191'.¢, Revn Spring wo 38s, 32 iss, “» Potatoes ~Sunplies piberal. demand slow; | .. 2 »] wl 8 ad sset RiChAel Of ... 3% 5% 3% h..'® [Jmarket steady. ‘Idaho Russet Butbanks rn Rn yashington Russet ks we N 3 622; Sais ny 251 9251, -. 11, | Utah Russet Burbanks, $l orth DaBe Joo Lead vor AB 1 38 1 EH * - 1, | kota Bliss Triumphs. $1.20#125; North Savage Ar ~~ 6% 17 4 13, | Dakota Cobblers, $1.05% @1 10. North DaSchenlev Dist . 30'2 30%, 30% - 1, | Kota Early Ohios, [email protected]; Minnesota | Sears Roebuck. 66's 66's 6614 — 34 | Bliss Triumphs, $1.10; Minnesota Barly Sharp & D .... 6 6a 6'a J 1, | Ohios, $1.10; Michigan Russet Rurals, $1.05 Shattuck ' 8% 81 8% @1.10, Arrivals—111; on track, 396: shipShell Un oil 1 18 . 183, = 4 I, ments, 556 e np 8 ® Simmons ...... 21% 27% 27; 4. 34 y 4 1 1 1 SS ssh Ihe Bin Sn I al FOOD PRICES Snider Pkg .... 13! 13! 13 4 15 | \ we | Booanvyns 1 JX Bi fh | cHosco, pe ue wn, Eanes So Am Goid .... 2% 3% 3% = 'y |Alochigan, fiosh, 1S ee | South Pac 21% 21% 211, Potatoes—Tennessee, bushel hampers, 75% South Rv ee 14% 143, 1434 85¢ Carrots—Illinois, bunches, 2@2%'sec, | South Rv pf ... 221, 292 291 ol 1 Spinach—-Illinois, bushel, 40 75¢ TomaSnarks With .. 31, ar, 3 | toes—California, Jugs, $1.25%2.15 CaullSpiegel Tne 13% 13% 135; 3; | lower—Colorado, crates, $1.2561.35, Peas: Square-D-B 22 22 22 — 8, | —California, hampers, 32.40/73 25 Celery | Std Brands 10a 10 0% -.. | —Michigan, flat crates, 40@50c. Onions Std G & E 41; 415 41, — 1, | (50-1b, =sacks)-—-Tdaho., Valencias $1.10 Std G & E pf. 10Va 10 10 4- YY | Utah, Washington Valencias, $1.0261.05 Std O Cal wx "333 331% 331 } 1; | Minnesota, vellows, $1 0241.05

U. S. Should Not Regulate Stock

&! Market Price Levels. |

By JOHN T. FLYNN Times Special Writer

NEW YORK, Oct. 26.—A great many people in Wall Street believe | 1g Ind

| Indpls Water So 31 Kokomo Water Works Morris 5&10 Stores Muncie Water Works 5:

that the Administration should do

The things that ought to be done, according to them, fall into two | classes. The first class includes direct and immediate action to help the | market and check declines. The other includes more indirect adjust-? ments, such as a change in the tax ©

laws, money policies, ete. In the first class is the demand for loosening the margin requirements—reducing margins lower than the present 55 per cent. Another is the demand for an abrogation of the law which tends to restrain the dealings of corporate executives in their own corporation's shares. It would be a grave mistake if the Government yielded to these importunities. The Government has no right to assume that it can decide when stock prices are too high and when too low. All the Government should do is to see to it that the market is free from artificial controls and then let prices take their course. In 1930, after a considerable decline, ' there was a lot of ‘‘ter

mourning over the low levels to]

which stocks had sunk. Mr. Hoover and 7. Julius Klein, assistant Sec7 | retary of Commerce, issued numer-

ous statements designed to buoy up | the market, just as Messrs. Coolidge |

and Mellon did when the market | was going up. Yet it turned out that the market levels of 1930 were still far too high and that they will probably never return again. I do not say present markets are too high. That is another question. Bul | it is not a point to be decided by | the Government. The # ne thing @pplies to the

scmething about the stock market.

trading of corporation executives. |

The pretense that they enter th» market and support the price of their shares when the decline sets in is an unsupportable fiction,

They do no such thing. Perhaps an exceptional executive does. Bub

on the whole they do the reverse.

For the last three months corporation officials have been divesting themselves of their stock holdings on a large scale, thus adding to the depressive effect of other forces.

On the other class of appeals—for changes in certain fundamental

economic adjustments affecting our | economic life—that is an entirely | different point. Whether taxes are | being intelligently laid, whether |

they are curtailing purchasing power rather than increasing ii, whether Government deficit policies are helping or hurting industry

|and finance=these and other subjects are legitimate ones of Gov- | ernment inquiry and action. The! time has come when the President |

| must face very soberly the whole range of economic policies he has espoused. But he would make a major Bion if he intruded into this market and sought to aid in a rise in prices which does not originate [iam natural energy in the system

POINTS OUT DANGER IN POOR PLUMBING

‘Engineer Says Connections Can Cause Disease.

and managers v had been urged to guard

Building owners

| Arthur E. Gorman, Chicago water purification engineer. i cross connections are | the second most frequent ¢ -borne disease outbreaks.

type of valves and permit [age into pipes carrying ever-guard- | (ed public water i supplies, speakers said.

v the Indianapolis Water Co., Mr. Gorman discussed cross connections in relation to disease epidemics. | He urged building owners to prolicensed mainte~ than entrusting + work to handymen.

vide trained and

- and fire department, officials Herman B. Morgan, Health

v, and State Health Board repre-

NURSE REGISTRATION RACKET IS CHARGED

Assistant Attorney General Maurice more than 100 metropolitan Boston

of the worst rackets I have ever en-

| gave nurses only

"HOOVER MAY REVEAL HIS AIMS FOR 1940

| Massachusetts

The Republican speculated that Mr | eliminate himself dential candidate in the belief that pronouncement is position as a Party

follow ing Oa as |

recent transactions.

Flynn Says ©

Citz Ind Tel (TH) 4l%s Es . H Tel & Tel Ft W :

Ohfo, Tel Sery 8s 47

Seymour Water ; 49. vy TR Trac & IL 55 4 ve Forks

Hook Drug Inc com *h E :

Ind Hydro Elec com Te pid... Indpls Gas Co com Indpls Pwr & Lt pfd 6s....... Indpls Pwr & Lt pfd 6lzs Indpls Water Co pfd 55. .... Lincoln Natl Life Ins Co com.

N Ind Pub ery Co pd Sli - Ind Pub Serv Co fd 5

Pub Serv of Ind pfd 7 Progress Laundry

Smith Alsop P&V com... Terre Haute Elec Co 6s.. Union Title Co com Van Camp Milk Co nfd.... Van Camp Milk Co com

BAIT A TR IOI Be O00 UN LS NTRS

FILES

Filing Supplies, Guides and Folders

and Assaciates

Trial Scene From ‘Myster. y

siphon- |

| & | the weakness

ment among the nations. will be a tragedy

| social liberalism fails.

He will speak at the semiannual of the Republican Club of The speech will be

Boston Herald

Be. | Heart, of Jesus who has been nomt- | nated for canotization.

{

[

2 | and 4

Golfer’

In the crowded courtroom above at Elizabethtown, scene from the amazing career of Laverne Moore, known to Hollywood

golfers as John Montague, rapidly nears its close, —is third from left at the defense t Moore participated in the holdup of a roadhouse near Jay, i of the Japanese roadhouse heard one of the

bandits call a companion *

d Because Clubs Ww. ere 1n

Holdup Car, Montague Asserts

___ (Continued from Page One)

case ‘and golf bag were found in one of the automobiles in which the bandits fled from Kin Hana's road

They entertained you 't they?” the district attorney asked. cause you were such a charming

“I don’t kno wabout being charm- handwriting on

people accepted me.” out of the witness

| His testimony came in the closing | hours of his trial on charges that, | he was a thug and robber before he went to California and found fame and friends among movie stars, wearing a dark

Q—Do you identify those as your

Put Clubs in Car

Montague contends

questioning in a low voice. golf clubs and

gue's voice rang through the court- suitcase into the au tomobile because he had planned

time since the trial started a

William Carleton, who participated in the Hana rob=

Voice Grows Sharp ontague’s voice grew Sa : Montague started a speech when he was asked about details of his

through with 2" the District Attorney asked roretioally when the witness had | finished denying purported conversations with police,

¥ace Is Flushed

WARNS OF WARFARE = UPON FREE SPEECH

3 Tsn't it a fact that you played golf for big stakes? Faces Deadly Fight. Q—What do you call big stakes? A—Five dollars would be big for

NEW YORK, Oct. America faces | warfare” against free an, Bishop | play | Francis J. H. McConnell, of the New | York Methodist i speech last night, Celebrating the silver anniversary of his episcopate, Bishop McConnell | He said registries charged $5 to | told some 3000 clergymen and lay- | $25 as a regis tration fee and r sufficient work to make up the foe. Some registries, he | , maintain rooming houses and give occupants | to meet their rent.

the judge)—Did you ever Om Dutra (golf professional)

Q-—-Was there any wager at all? A—No. It was friendship.

APPROVE FUNDS FOR U. ARCHIVES STUDY

the Christian most ATE rival was nationwhich fettered freedom of

WASHINGTON, Oct.

in the world is a sad roetio on Christian senti= | | Presidential approval has been given | for use of $4350 of Works Progress | Administration funds

For liberalism | or paderal archives and

7. If anybody thinks that i to cost nothing today to stand as a liberal for free speech, | notion of liberalism, | The next 10 years will probably see warfare against speech than our nation has within the lifetime of any who hear

The project is sponsored by Indie ana University and will have heads quarters in Indianapolis. also was given for $7062 to be spent gchool lunches for i

as project “headquarters.

SEA UNION TO FIGHT MUTINY CHARGES

BALTIMORE, Md, ~The National Maritime Union, an affiliate of the Committee for Ine dustrial Organization, prepared tos | day to “make an issue” ing of 14 seamen of the S. 8. Algie on charges of mutiny, Joseph Curran, N. M. U. organizer, union's determina= tion to fight the case to a finish at a meeting last night when 600 seamen protested the indictments, Meanwhile the 14 imprisoned men, all members of the N. M, U, pledged themselves to remain i i Government officials recognize * injustice” of their action,

OPEN UNITARIAN PARLEY

NIAGARA FALLS, N. Y., Oct (U. P.) ~The sixth general confers ence of the American Unitarian Association opened a three-day session | here today by urging development of a national program of social action and expansion of the church.

forms of Marxianism,

| ranging all the way from militant Oct. 26 (U.P)

“It is interesting to note,”

who have in the last eentury the possibility of human perfectibil- ’ seriously have been John Wesley

inner transformation of the soul of men by divine grace

ment of men hy transformation of | their environment.”

CANONIZATION FOR U. S. NUN DISCUSSED

CASTEL GANDOLFO, Oct. 26 (U, | P.) =Pope Pius presided over 4 Ve official ceremony before leav- ; ing the summer Vatican today when : | the general congregation of rites (met to discuss virtues of Sister Francesca Saveria | Cabrini, founder of the Institute of

Rush Jobs Male

Hendren Printing

Company, Inc. 470 CENTURY BLDG.

schools, hospitals ‘and other institutions in Italy, the

South America, died in Chicago

Bonds of the United States Government, Its Territories and Insular Possessions

Federal and Joint Stock Land Bank Bonds Indiana Municipal and Corporate Securities Real Estate Bonds and Preferred Stocks General Market Securities

Indianapolis Bond and Share Corp.

129 EAST MARKET STREET

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