Indianapolis Times, Indianapolis, Marion County, 29 October 1937 — Page 28

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| Hi

. Carrots—Illinois,

PAGE 28

| STOCKS ADVANCE

1TO7P

HEAVIER VOLUME

W————————

Industrial Average Reaches New High Since Oct. 10.

NEW YORK, Oct. 29 (U.! P.).—Buying activit v gained |

momentum after a quiet firm opening today and stocks gained 1 to 7 points bringing the industrial average to a

new high since Oct. 10. Buying demand was centered on steel shares. Oil and utilities were strong, while rail shares, registering gains were restrained by a drop in carloadings. : Du Pont reached 120, up 7a; Allied Chemical 167, up 6; Case 107%. up 5':; Republic Steel preferred 95, up 14, and Westinghouse Electric 107%, up 43%, and Howe Sound 54. up 3%. United States Steel reached 65. up 27%, while Bethelehem sold as high as 35%, up 4's: Republic Steel up 1%, and National Steel up 4's, Chrysler rose to 765.

Y0's,

up 3's, and

though

21, |

OINTS IN

Porker Prices Remain Steady

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

Iv united Press

Adams Exp .... Addressograph. . Air Reduce

gh Corp Alleg Cp pf $40 eg Steel .... Allied Chem Allied Mills .... Allied Stores . Allied Stores pf Allis-Chal

e. Am Can ....... Am Car & PF... Am Chain & C. Am Eur Sec Am&FPwr $6 pf Am FPwr $7 pi Am Hide & L.. Am Ice Am Am Am

{

Despite light supplies the local hog market did well to steady because of the relative high | position gained in yesterday's sharp | advance, according to the Bureau of |

Agricultural Economics. Top re- |

In Local Yards}

remain | :

Type F .. Water W Am Ze “ Anaconda Anchor Cap Armour Iii .. Armour Iii pr pf Asso Dry Goods

mained at $9.80 on choice 160 to 180- | 3

pound weights. Packing sows were | Steady to 25 cents lower bulking at | ($8 to $8.75. Hardly enough steers appeared to judge values accurately, unloads in{cluding a part load of choice fed vearlings sold around $13, and a! load of short fed steers bulked $10.25. Other sales including some common | Southern lightweight steers cashed [at $6.25. Package lots of medium to [good heifers went scaleward at $8.25 to $9.25. Best heavy fat beef cows brought $6 to $6.50. | Shippers paid steady prices for the meager supply of good to choice vealers at $11. Lower grades were weak to 50 cents lower in a slow

Auburn . Aviation Corp..

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Bendix Awvn io 18 Ben Ind Loah.. B CO ..\\ 40

ost & Beth Steel Beth Steel ¥

5 pt

Beth Steel 5 pt 30

Bigelow San .. Blaw Knox Boeing Air ... Bohn Al Br.. Bond Stores Borden

Borg Warner “3

Briggs Mfg .... Bristol-My Bkiyn-M T

General Motors gained 1% to 44. (market. Medium to good offerings | Bkiyn-M T pt. :

Consolidated Edison led with a gain of 1% to 26% American Edison preferred reached 981, up Si.

Today's Business At a Glance

CORPORATION NEWS

American Home Products Corp. and subsidiaries, September quarter net profit $759,821 equal to $1.03 8 share vs. $692,149 or 93 cents previous quarter and $818,232 or $1.10 year ago; nine months $2.312,482 or $3.12 vs. $2,157981 or $291 | year ago. { American Machine & Metals, Inc., | and subsidiaries September quarter | net profit $85.35¢ equal to 27 cents a share vs, $73,410 or 24 cents previous quarter and $56856 or 19 cents year ago; nine months indicated net profit $182,145 or 59 cents | vs. $163,642 or 55 cents year ago. | Babcock & Wilcox Co. and] wholly owned subsidiaries exclusive of company’s proportion of undistributed net earnings of companies | more than 50 per cent owned first | nine months net profit $944,402 vs. | net loss $132,949 year ago. | DIVIDENDS | American Home Products Corp. | regular monthly 20 cents payable Dec. 1 record Nov. 135. | Armstrong Cork Co. interim 50 cents payable Dec. 1 record Nov. 10 | vs. like payment Sept. 1. Chile Copper Co. 50 cents pay- | able Nov. 29 record Nov. 9 vs. like payment Aug. 28. George E. Keith Co, $1 on preferred payable Oct. 28 record Oct. | 19 vs. like payment June 21. Marlin-Rockwell Corp, $1.50 on common payable Nov. 18 record Nov. | 8 vs. regular quarterlies of 50 cents each April 1, July 1 and Oct. 1. McColl-Frontenac Oil Co. Ltd. | regular quarterly 10 cents on common payable Dec. 15 record Nov. 15. David Pender Grocery Co. regular quarterly 87!: cents on Class | “A” convertible payable Dec. 1] record Nov. 20. | Pharis Tire & Rubber Co. regular quarterly 15 cents on common payable Nov. 20 record Nov. 3.

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Indus. Rails Uti} 81.5 TL 94.2

{ { {

{ { | |

60 Bonds

Yesterday 84.6

utilities | North {and common sorts cashing at $6 to |

| Heavyweight

were best at $9 to $10.50, with cull |

$8. Local killers were the chief sup-|

market. Good to choice ewe and]

with common and medium sorts | ranging from $5.50 to $8.50. Slaugh- | ter ewes advanced 50 cents to sell at $3.50 down.

Receipts ! 6000 1500 | 10.000 7000 |

Light Lights— (140-160) Good and Medium .. Lightweights— (160-180) Good and Medium (180-200) Good and Medium (200-220) (220-250)

choice

choice... choice. .

choice. . choice .

Good and Good and

{Se (250-280) Good 1290-350) Good Packing Sows— (275-300) Good 1350-425) Good 23% 1425-550" Good 10a ! 1275-550" Medium 60% 8.60 Sianghtet Pigs— | 1100-140) Good and choice... S50@ 950 Meodium . 8. dw 9.2% CATTLE { — Receipts, 400— | Choice 00916.00 | Good 25% 14.00 | Medium @ 9.55 | Common . 5.%@ 1.95 Choice . 14.00 16.55 | Good 9.75¢ { Medium Common

choice choice. .

and and

9.00 8.75 | 8.40 !

60 9% 10

(550-900)

1900-1100» : : 1.00 | plain) .. fe 00 | 11100-1300» . @16.55 | N 11300-1500) G 11.50@ 15.50 | Heifers

Choice Good

(550-750) : . [email protected] | Common . « 5.00 9.50 | Good and choice . . | Common medium 5.25@ 9.75

Cows

(750-800)

Good . Common, medium v's Low cutter and cutter 4.50 |

Bulls |

Good (beef) .h TOT ; 7.50 Cutter, common and medium . 2 6.50 | Vealers | —Recel | Good and choice 9.5041 11.00 Medium . 8.50@ 9.50 Cull and medium 5.50@ 8.50

7.50 |

7.50% 10.50 | 5.00 7.50 |

(250-500) Gooa and choice .

Common, medium Feeder and Stocker Cat Steers (500-800) Good and choice common medium 1800-1050) Good and choice . ommon, medium. Heifers— Good and choice . y 5 Common and medium @ 7.00 | Cows— | 4.75@ 5.75 | €25@ 4.75 i

SHEEP AND LAMBS —Receipts, 800—

”

Lambs— Choice 9.55@ 10.00 Good 9.00 9.95

85.8 89.3 99.1 90.3 | 100.5 | 82.3 | 100.2 93.3 93.1 83.0

81.6 85 91.3 88.3 96.5 93.1 105.8 89.9 101.3% . 95.0 106.0 |! 92.3 94.8 106.2 . 90.0 103.5 91.4 103.6 83.6 89.3

19375,

Week Ago Month Ago Year Ago 2 Years Ago.. 193% High 193% 1936 1936 1935 1935 .s (Copyright,

NEW YORK,

(U. P.).—-Bonds opened steady. N

Net Open Change Argentine 4':s 9934 3s B&O 6s .. . Den Rio Gr w 5s German 3's i Laclede Gas 5'as Mo Pac 5s "78 Norway 4s aa Reading 412s "97 A Third Av 5s adj '60 Un Pac 4s '47 .

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) He following quotations do not represent actual bids or offerings but indicate the approximate market based en buying and selling inquiries or

ansactions recent tr BONDS

41% 6 .... 5125 55.. s 43

Ask 100

Citz Ind Tel (TH) 105

H Tel & Tel Ft W

Morris To Muncie Water Works 5s 65_ Noblesville H D & P 6l2s 47.. Ohio Tel Serv 6s 47........... Pub Tel 5'28 55... Richmond W W 5s 57 Seymour Water Co 5 T R Trac & L 5s 44 T H Water Works 5s 56 T H Water Works 6s 49 Trac Term Co 59 5%7...25

STOCK It RR St Yds com Belt RR St Y wee Cent Ind Pwr 7 pid . Home T&T Ft W Us... Home T&T Ft W Ts.. Hook Drug Inc com. & Mich E Ts... Ind Gen Serv Co... Ind Hydro Bios com ic Indpls Gas Som, os Lt g pfd water Co pid 5S Pehla Natl Life Ins Co com llory com... .- vey N Rd Pub ‘Serv Co pfd 5's .. N Ind Pub Serv pla hn v Mg Tt Tha pfd 6s of Ind pfd Ts

s 49.

a0 pid ...

612s...

qs...

“oa

DID 1s 9st oN

MAINED Corp .. 24.80 (By M. P. Crist & Co.) — ee

FOOD PRICES

29 (U. P.).—Apples—Michtosh, [email protected]. Sweet Potatoes ign, Meint bushel hampers, 75@90c. lsh bunches, 2a12t5c. Srinsen bushel, 35@ 75c¢. omatoes—Calants; ats, $1.50@2, Cauliflower—Caliifornia, Peas—California, Celery--Michigan, Onions—Minnesota,

SRW

15] oo © -3

Chicago. Oct.

ellows, whites, $1.10.

| trade on small supplies:

| pers active: i ly. 6 double choice Westerns, $10 to ship-

+ | $9.50; 8 | 225-250 Ibs

Medium woo 1.50 9.00 Common 5.00@ 7.59 ! Shorn Ewes i 190-175) 3.00 3.50 2.00w 3.00 |

Good and choice Common, medium CHICAGO, Oct. 29 (U, 7000, including 200 10 $9.50;

P.) —Hogs—Re0 directs: market : , $9.50: bulk good and! choice 180-230 lbs. $9.25 9.40: bulk, 150- | 170 Ibs., $99.35: 240-300 1bs., $8.90 9.35; packing sows, $8 8.40, Cattle— Receipts, 1500; calves, 500: most steers i scattering light grass heifers, | and cutter cows, $3.50 | $5.25% 6.50 mostly; buils | vealers, 25 to 50 cents lower, top $10

Sheep—Receipts, 5000. including 500 directs; fat lambs strong, 25¢ higher: ship-| apward to $9.75 free-

steady down $10: low cutter beel grades, scarce, $6 down;

from $68; 4.75:

natives

pers: sheep stronger: slaughter ewes, $3 4; feeding lambs demand narrow. | FT. WAYNE, Oct. 29 (U. P.) Hogs Market 5 to 10 cents higher: 160-180 ibs.. | 180-200 Ibs... $9 40; 200-225 lbs. $9.20: 250-275 lbs.. $9.10; 300-350

140-150 lbs.. $9: 130-140 Ibs. $8.50: 100-120 Ibs., $8.25. | $6.50; calves, $10.50;

29 (U. P.).—Hogs— Market. steady: bulk 170-225 lbs... $9.50@ 9.70: 225-325 lbs.. $9.10@ 9.40: 140-170 Ibs., $9 2569 50; 120-140 lbs... $8.75@ 9: 100-120 Ibs $8.25@ 8.50; roughs $8.25 down. Calves, $9.50 19; lambs, $9@ 9.50.

Ibs., $9 . $9.30. : 120-130 Ibs. Roughs, $7.75; stags, jambs. $9. LAFAYETTE, Oct.

300

Curb Stocks NEW YORK, Oct. 29 (U. P.). — Curb stocks opened firm. Net,

Open Change Am Cyvan B 287 — AM SUD POW ..uvuvvsnnsnnrien 1 "eh Ark Nat Gas + Cities Service El B & S Lion Oil McWms Nia

y >» BANK STOCKS Bank of Manhattan Sa Bankers Trust Bank of N. Y Brooklyn Trust Central hase Chemical Commercial Continental Corn Exchange Empire First National Guaranty Irving . Manufacturers National City | New York Trust Public Title Guarantee aha 7

——————————————_ 3 5 N a U. S. STATEMENT WASHINGTON, Oct. 29 (U. P.).—Government expenses and receipts for the current fiscal year, through Oct. 27, compared with a year ago: his Year $2,405 482,011 44 1.952,938,028.70 542 543,982 74 2.689,434 143 61 Xx. bal. 891,383 659.88 Pub. debt 36.956,210.773.45 Gold res. 12.801,055988 45 11.028.679. 132.44 Customs . 148,159.358.23 136.882.323.831 odays Pur

Total Pur. 97.113.63 $1,269,539.973.53 |

Last Year $2,273.995,255.19 1,378.480,965.30 895,314.289.89 1.807.438,587.08 1.335,886,389.55 33.829,425 495.10

Expenses

Inac. gold INDIANAPOLIS CLEARING HOUSE

Clearings Debits 1......

cesaeee 7,241,000 |

, 6.00 | ©

Brown Shoe Bucyrus-Erie . Budd Mfg ..... Budd Wheel .. Bullard ‘ananh Bulova W urroughs

{port of the 50-cent higher lamb | Burro Bros |

Butte Cop .....

| wether lambs bulked $9.50 to $10, | Byers, A M

Callahan Zinc . Calumet & H Canada Dry Can Pacific Cannon Mills Carriers & Gen Case, J 1 ....\.1 Celanese ‘hi Cent Aguirre .. Cent Foundry Cerro de Pasco Checker Cab ..

Ch & Nw Childs Chrysler EN Colgate-P-P ... Col & Aik .... Colum Gas .... Col Pictures vtec Com Credit Com Inv Tr Com Solvents Comnw & So Cons Aircraft Cons Edison Cons Film Cons Film pf Cons Laundries Cons Oil Con Textile .... Container ER Cont Bak B ... Cont 1 Cont Corn Crown Cork Crown Zeller Crucible St

Ch M StPRP pf ' Ry ..

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Curtis Pub curtiss-Wr curtiss-Wr A Cutler-Ham new

Deere & Co

[D “Ww

Dome Mines . Douglas Air Du Pont wnvnrd

East R Mill Elec Auto L Elec Boat “ae Elec Pwr&Lt El Pw&L $6 pf El Pw&L 87 pf

rie . Evans Prod ..

Fair Morse \ Fed Wat S A . Firestone T Flintkote Freept Sulphur

Gair Robt Baking Cable Electric Foods Motors Pub Sv Ry Sig Rtv & U Thtre E TR ... te S R

Gen Gen

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ba 13 19 BI £319 13 OY

1 Gillette S $5 pf

Gimbel Bros .. Goodrich . Goodyear . Graham-Paige . Glidden Rts Grand Union

Gt North df ... 1

3t Nor Ore Green H LL . Grevhound Cp

Hall Print Harb-Walk Hecker Prod Homestake Houd-Her B Houston Oil ... Hudson Motor Hupp Motor

Inspiratn Cop . Inter T vue Int Agric

Int Harvester

Bid Ad Fd 2d 1253 1 WIN

Am Bus . .7

| Bull Fd

Can Inv.. Cent Tr % Comw Inv 3.f Con Sh of Cp Tr Sh n ha . » Acc » AA md Acc md Cum Tr PB NY A Dep Ins A Diversi C an D Divi Shs Equity Fidelity Fiscal Fu Bank Stk Ins Stk Fix Tr A.

DT NWI BIS IONINON

W120 WN Ru hag ! ' DI DIN Ta Pa 1 TIONS DEMOS ANNOLCHNNNNN BC

| a = »5 au —y = o - oe %23332

0 5 °

a Gen Can_ 31.06 Ben In Tr 5.01

Group Securities i 1.31 1.43

95 1.33 1.24 7

.86 1.03 1.19 1.14 oh 1.18 94

37 Tnen Inys 1785 18

Instl Seeuriti-« Bank Gp 1.26

1.38 30.00 N 20.92 1955 . 21 D195

17.8

bn. Tek. . 33.40 Std Util. .

Ask 3.33) Ins Go 5.25 Invest

.8 Bos Cp AT Inv Fd © 6.60 Kev C FB2 FB2

Ft hk fk ok Sno

Ic 4 Mut Iv Fqd 1 00 NatWd sec v

OS BY LOB a of 60 DO 09 = 1 3 0 fn 2 st 110 ~TOND PB Seen ts

en R Eqt Steel 9 1953

6.20

NA Tr

“300.40 DO LOU Hn IDI 20 un 20 DI hs 1 og RADON NOONNNg~TnDow,

5.5 5.45 State St .

10H > CC .... 145! " D . 1.35 Supr AA. . ia BB 95 Suverv N 1.13 Trst St C 130i". In D 1.24 Trs St O A 58." B 1.29! Trs AmBkKB .66 1.03 Trst Ind .99 .77 USEIL&PA 12.50 6 TB... ..» 187 yer nowt 1.411 Well

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INVESTING COS

NON AIINWWoD 0061

See Final Edition of the Times

for

Closing Stock Quotations and Other Late News

Commercial Banking Savings * Trusts

American National Bank AT INDIANAPOLIS

Week ago

| Yesterday

30 INDUSTRIALS 135.22 132.26 153.89 1H 194.10: low. 125.338. 181.90; low, 143.11, 20 RAILROADS

Yesterday Lessa sAARL RRL -3.20 | Month ago .... 68 | Year ago High, 193%,

High, 1936,

Week ago Month ago Year ago High, 193%, 6116; low, 30.09, Righ, 1936, 39.89: low, 10.66. 20 UTILITIES

TERR ARARRRR ARE

Yesterday Week ago ....ovuee Month ago Year ago High, 193%, High, 1936, 36.08; low, 2W.63. 70 STOCKS Yesterday Week ago ... Month ago Year ago High, 193%, 69%:

High, 1936, 66.3%;

low 41.52, low, 31.20,

Hyd El Int M M Int T& nt Int Int Int Intst

Kennecott ov 317 Kresge SS ..... 17

Leh V Coal Lehman ‘s Lerner Strs .... L-O-F Glass .. Lima Loco Lia Carb Loew's Loft Lone Star Cem Ludlum Stl

WHEAT FUTURES DECLINE 1 GENT

Selling in Liverpool Sends Grain Prices Lower In Chicago.

la ls 12

Ine

Feb HEE EEE +4

CHICAGO, Oct. 20 (U. P)— Wheat prices declined on a selling movement in Liverpool. which

turned sentiment bearish on the Chicago Board of Trade. At the end of the first hour wheat was % to 1 cent lower, corn was i to ': cent lower, and oats were 's to i cent higher. Trading was mixed throughout the early part of the session. The better tone of the New York Stock market and reports of a fair export business in North American wheat encouraged buying. Selling turned into the pit, however, on reports of weakness in Liverpool, which was largely influenced by the 1,700.000acre increase in the estimated wheat seeding in Argentina. Receipts were 21 cars. Heavy receipts offset good news in tne form of sustained export demand for corn and the market turned lower. Receipts were 417 cars.

LIVERPOOL WHEAT

rev. | Close Close $1.337s $1.347s 1.28 30

30, 2 2

Low $1.33% 1.27% 1 1. a 1 1 1

WAGON WHEAT

City grain elevators are paving for No. red, 8%c. other grades on their merits. ash corn, new No 2 yellow, 47c. Oats,

MARKETS CLOSE TUESDAY

NEW YORK, Oct. 29 (U. P.).—All exchanges in New York State will be closed next Tuesday, election day. These include the New York Stock and Curb Exchanges, Cofton Exchange, Commodity Exchange and Coffee and Sugar Exchange. There are two other holidays in the month—Armistice Day, Thursday, Nov. 11, and Thanksgiving Day,

DOW-JONES§ STOCK AVERAGES |

+296 Mack Tr ..ouie

Thursday, Nov. 25. 1937 low (Oct. 27)

High Low 28% 28% 36's 36

8 i's

Net Last Change 25% Macy R ‘ash 3 Marine Mid .. V M «20

6 Mident Pet .... Minn Hny .... 64 Minn-Moline .. Tex ....

CHEE

Mother Lode Motor Prod . Mullins Mig B Murray

+++

” 5

Nash-Kelv .... i N Biscuit Cash Reg Dairy Gypsum

ea ‘eh Pwr&Lt ..

BIBS DP re

< wo» ~ DIED rr wd DN ad dd C+ + FHF

+++:

, Steel EN Sup Penn. . Natomas "el Newport Ind .. N _Y Central NYC & St L... NY NH & H.. No Amer ...... No Amer pf .. No Am Avn

aloe gta suBLIuD a”

BES

reo

Ohio Oil Oliver Farm Eq 3f Omnibus save Otis Elev ...... 2 Otis Steel

Pac G & El. Packard Paramt Pict Para Pict 1 pf Para Pict 2 pf

. 26% 8!

8 15'% 103 13% 3

26% 6 143%

4: 44+

Plymouth Oil Press Stl Car Public Serv Pullman Pure Oil .....

+d 4 ErerdIRIEE

Radio

Ruberoid

Safeway “ 2 Schenley Dist .. Schulte R “ Sears Roebuck. . Servel Ine Simmons Skelly Oil . . Socony-Vacuum South Pac TY Spiegel Inc Square-D-B .. Std Brands Std G&E ‘eas Std GKE pf... Std Oil Ind... Std Oil N J . 5% Stone & Web. . Sunshine Min.. Syming-Gould ..

a ~~»

LON LN

Tenn Corp +... Texas Corp Tex Gulf Prod Tex G Sul Thompson Pr .. Transamerica Trans& West 20th Cent-Fox Twin Coach ...

Air

Union Carb Un Ol Cal ... Un Aircraft Cp Un Air Lines .. United Corp United Drug Un Gas Imp ... S For Sec .. S Pipe & F.. 3 U S Realty S$ Rubber ... 2¢ S Rub 1 pf . 5¢ S Steel .‘ S Steel pf .

Ut P&LA

Va-Caro Ch ... Va-Car 6 of

| Walworth

Warner Bros .. Warren F&P .. West Air Bke . . 13% . 412 | oo 12% . 9% i ave 23%

121%

Yellow Tr 2 44

Young Sheet

22% 23%

Zenith Rad

DAILY PRICE INDEX NEW YORK, Oct. 29 (U. P.).— Dun & Brddstreet's daily weighted price index of 30 basic commodities, compiled for United Press (19301932 average 100): Yesterday Week ago Month ago ... Year ago 1937 high (April 5)

. 123.87 .125.73 .. 134.79 .130.15 158.26 vena ee. 123.23

funds into industry by the time The president of the Stock EXx-* change has assumed that to do this some changes must be made in the rules and regulations governing the Stock Exchange. And this assumption is based upon the further assumption that the Stock Exchange itself plays an important part in the flow of capital funds into industry.

The Stock Exchange must not be confused with the capital market. It is only one part of the capital market. Where does the capital for industry come from? It must be obvious that no funds are supplied to industry when one man buys a share of stock from another man on the Stock Exchange. Mr. A. owns a share of United States Steel. Mr. B. buys it from him for $70. When the transaction is over B has the Steel share instead of A, and A has the $70 instead of B. No money has gone into the steel industry. The funds for industry are supplied chiefly by the issuance of new bonds, by bank loans, by private mortgages, by individuals putting their savings into new small enterprises, by earnings. A small amount and a very smail amount is supplied by the issuance of new stock. I know that few persons will believe this, but it is true. But bonds. mortgages, bank loans, earnings, private investments play no part in the speculative operations of the Exchange. Bonds are sold on the Exchange. But there is no margin trading, no options, no short-selling, no wild transactions in the bond market which occupies

- —

Diminish Uncertain Elements in Economc Future, Flynn Advises

By JOHN T. FLYNN Times Special Writer NEW YORK, Oct. 29.—It is dawning very seriously on the sobering minds of Washington and Wall Street that the great task before our economic society is to set in motion once again the flow of capital

the Federal is balanced.

budget

only a few square feet in a corner of the Exchange. The great bulk— practically all — of the speculation on the Exchange which calls for the rules and regulations and supervision and suppressions of the SEC is in the stock market which plays only a minor role in financing industry. The great need of the times is more investment in building construction, carried on by mortgage money, more investment in new bonds for industrial expansion, more investment by private individuals in new small industries — for all new industries started in a small way and never on the Stock Exchange or in Wall Street: more investment of corporate earnings in new plant expansion. The important thing, of course, is to introduce certainty, as far as that is possible, into the immediate future. Men will not lend money on mortgages, nor on bonds, nor will they put their savings into new enterprises when they cannot know or even guess from month to month what their money is going to be worth. Therefore the big problem is to get rid, as far as that is humanly possible, of the uncertain elements in our economic future.

ATTENTION EVERYONE

COMPLETE LINE OF PARKER—SHAEFFER—CONKLIN

Fountain Pens PEN HOSPITAL

137 E. WASH. RI-1888.

Thomson &

NEW YORK CHICAGO TORONTO N SOUTH BEND FI. WAYNE ® EVANSVILLE BOSTON CINCINNATI

Indianapolis Office 200-214 Circle Tower

A ———

New York Stock Exchange

New York Cotton Exchange New York Coffee and Sugar Exchange New Orleans Cotton Exchange Chicago Stock Exchange Chicago Board of Trade Winnipeg Grain Exchange

MW k I \

MEMBERS

ew York Curb Exchange

And Other Leading Exchanges

LI. 5501

ATA FLAVA EC EE A AN AN ER

You're pretty familiar with the faces of the little Dionne girls, though these Halloween costumes in make a difference. But as these fascinating little Halloween witches ride their brooms through the air can you tell them

observance of the season may

FRIDAY, OCT. 29, 193

AAR

apart? can tell which little girl is which. And now you have made your guess, permit us to let you

HUNTINGTON UNION ASKS JAPAN BOYCOTT

HUNTINGTON, Oct. 29 (U. P.. —Local 125 of the United Cabinet Makers and Woodworkers of America, a C. I. O. affiliate, yesterday adopted resolutions calling upon members of their families to refuse to buy Japanese-made goods. The union urged other labor organizations and fraternal and religious groups to take similar action. The resolution declared 550 members of the local union “are unalterably opposed to war and the warring activities of Japan against helpless China.”

FOUR AUTO THEFTS SOLVED, POLICE SAY

CRAWFORDSVILLE, Oct. 29 (U. P.) —Four automobile thefts and five burglaries in and near Darlington during the last year solved, authorities claimed today. Earl Billingsley, 22, Crawfordsville, told State Policeman James Gilliland yesterday, the officer said, that he was responsible for Billingsley said he robbed three stores and two homes, according to Officer Gilliland.

WAGE RAISE GRANTED ROCHESTER, Oct. 29 (U. P.).— A 10 per cent wage increase for 50 employees of the local branch of Armour & Co., the second in a year,

have been |§

the thefts. |

Battleship Keel Is Laid

(left), drove t layi

Assistant Secretary of the Navy Charles Edison first rivet as the United States marked Navy Day, Oct. 27, by the keel for the most powerful battleship ever built Shown with Edison are Rear Admiral Clark H. Woodward

i by this nation. 1, in charge

uess Which Witch Is Which?

Study the faces carefully, and see if you that

on a secret. They're all different poses of Yvonne!

he ng

of the Brooklyn Navy Yard, where the keel was laid, and Lieut. Gov.

William Wilkins P. Horton of North Carolina. cost 60 million dollars will be named for North Carolina.

The vessel, which will

was announced yesterday by Harry | Shapley, Rochester branch man- | ager,

CHICAGO PRODUCE |

Eggs—Market, steady. Receipts, 2048 cases. Fresh graded firsts, 22'%c¢; extra | firsts, 25c: current receipts, 22c; checks, 17'2¢: dirties, 19'%c. Butter—Market steady. Receipts, 9247 | tubs. Extras 192 score). 35c; extra firsts | 190-9112 score), 33%;@ 34'4c; firsts, 31% @ | 3235c; seconds, 28 30!,c¢; standards, 34'z¢: | centralized (89 score), 32!'ic¢; centralized (88 score), 31%;c. Poultry-——Market trucks. Ducks,

steady: recejpts, 43 | 16'2@ 19'.¢: geese. Bc: hens, 17':@21c; spring chickens, 2 ; roosters, 144r15c: broilers, 24@26¢; turkeys, 16@ 22¢; leghorn hens, 14’:c. Cheese—Twins, 19@19%c;: daisies, ' 19% @19'-c; longhorns, 19% @19'zc. Potatoes-—Supplies, rather heavy: dedaho Russet | No. 2

mand, slow: market, weak. Burbanks, $1.30@ 140; U. S. @1.27'%: Colorado Red McClures. 1.05; North Dakota Cobblers, $1.05; Dakota Early Ohios, [email protected]%2; N nesota early Dhios, $1.05; Wisconsin Round Whites, $1; Michigan Russet Rurals, $1.05.

Arrivals, 80; on track, 391; shipments, 578.

STOCKS COMMODITIES

Accounts Carried on a Conservative Margin Basis

W. L. LYONS & CO.

Established 1878 Member of the New York Stock Exchange

40 N. Pennsylvania St. L1-6563

BONDS

Ladies’ Stunning New,

It’s the biggest sensation ‘in vears!—17-Jewel warranted shock-proof movements. The kind for which you would expect to pay at least $32.50.

Very special tomorrow Se [

Modern Square Style

17-JEWEL WRIST WATCHE

50c a WEEK!

/ Have your selection placed in our Xmas lay-away!

See the New Bulova “Americal Girl” A very tiny square model for only $39.75

18 North lllinois St.

Claypool Hotel Bldg.