Indianapolis Times, Indianapolis, Marion County, 30 October 1937 — Page 12

SATURDAY, OCT. 30,

STOCKS IRREGULAR IN LIGHT DEMAND; BOND ISSUES MIX

Some Shares Register Small Net Gains At Close.

NEW YORK, Oct. 30 (U. P.).—Trading was light on the stock market today with prices irregular. Bonds also were mixed. Cotton futures eased.

The day started in stocks with the tone firm and volume moderate. Blocks of 1000 to 2000 shares ap-

peared in leaders, which had gains |ggo 112s 60

ranging to more than a point. mediately thereafter the

back to small net gains. Selling was mostly and buying was done by traders who | had missed the recent upturn and | had placed orders under the market. Overnight consideration of the

President's remarks on taxes, which | selling, |

yesterday brought in some brought the conclusion that this factor was as vet too uncertain to sway prices. Some further effect of the railroads’ action in deciding to ask for a 15 per cent freight rate increase was noted, but this turned dull and prices were irregu-

lar with other sections before the | is

close.

DOW-JONES STOCK AVERAGES | 2°: 28

30 INDUSTRIALS

Yesterday Week ago ....... Month ago Year ago ‘ High, 1937, High, 1936,

0.19 |

194.40: ow, 125.48. 184.90: low, 143.11. 20 RAILROADS

Yesterday Week ago Month ago Year ago High, 1937, High. 1936,

64.46; low, 30.09, 59.89: low, 40.66. 20 UTILITIES

Yesterday

Month ago ..... annie Year ago High, 1937. 37.5 High, 1936,

i low, 19.65. 36.08: low, 28.63. 70 STOCKS

46.33 42.61 51.84

Yesterday

Month ago ..... EN Year ago High, 1937, 69.67; High, 1936, 66.38;

Week's Business At a Glance

ADVERTISING—Advertising Age | Week Oct. 16 retail advertising placed in newspapers of 80 major cities 25,492,693 lines vs. 24,581,357 previous week and 24,446,725 year ago, year to date 821,704,909 lines vs. 785.903.165 year ago.

AUTOMOBILES — Ward's Automotive Reports—Production week 90.155 units vs. 91,905 week and 71,095 vear ago.

BANKING—Dun & Bradstreet— Week ended Oct. 20 bank clearings $6,430,932.000 vs. $4.333.984,000 prev- | ious week and $6,045,441.000 year | ago. Federal Reserve—Gold stock up $8,000,000 to record high at $12,801,000,000; excess reserve $1.070, -1 000,000, up $50,000.000; circulation | off $27.000,000; brokers’ loans off | $161,000,000 to lowest since April 17, | 1935, at $779,000.000; ratio un- | changed at 80.2 per cent vs. 80.0 | year ago. CONSTRUCTION — Engineering | News-Record—Awards this week | $62,866,000 vs. $43,946,000 last week | and $44,849,000 year ago. ELECTRICITY—Edison Electric | M Institute—Week Oct. 23 output 2,281,636,000 kwh vs. 2,276,123,000 | previous week and 2,170,127,000 year | ago. INDEXES—Dun & Bradstreet— |

last

Week ended Oct. 27 business activ- | N Y Dock 5s 38

ity 85.3 per cent estimated normal | low since June 17, 1936, vs. 86.9 | previous week and 92.8 year ago; Foc? Index week Oct. 26 off 6 cents to lowest since June 29, 1936, at | $2.74 vs. $2.77 year ago. Week Oct. 23 business activity 92.4 | per cent of 1928 average, low

May 23, 1936, vs. 95.3 previous week | Penn R R 4ls 84

Sou OIL—American Petroleum Insti-| Sou Ry gen 4s 56 | Stan Oil NJ 3s 61

23 crude output | daily, up |

tute—Week Oct. averaged 3,613,000 bbls.

’ , | U viel 11,150 over previous week; gasoline | pn. © 4 Drug 35 53

stocks 66,554.000 bbls.. up 794,000. RAILROADS — Assn. American

Railroads—Week Oct. 23 carloadings | West Union 5s 60 ne

773,353 vs. 809,944 previous week ii 816,242 year ago.

STEEL—American Iron & Steel | | Argent 4%s 71...

Institute—Production this week | scheduled at 52.1 per cent of capacity, low since Feb. 17, 1936, last week and 74.3 year ago. United | Press Estimate—Steel ingot output this week 685.000 gross tons vs. 734,-

000 last week and 982,000 year ago. |

" TRADE—Dyn & Bradstreet—Retail this week 2 to 5 per cent over last week and 5 to 15 per cent over year ago; wholesale 8 to 17 per cent over year ago.

CORPORATION NEWS

American Bank Note Co., September quarter consolidated net profit $233,248, equal to 25 cents a common share, vs. $234,266 or 25 cents previous quarter and $296, 920 or 35 cents year ago; nine months $707,700 or 77 cents a common share vs. $1,055,398 or $1.31 year ago. Anchor Cap Corp. and subsidiaries first nine months net income $689.117. vs. $539,777 year ago; 12 months $753,800 vs. $610,504 previous 12 months. Calumet & Hecla Consolidated Copper Co., first nine months net profit $1,826,434, equal to 91 cents a share, vs. profit before Federal income taxes of $478,086 year ago, September quarter net profit $338.886, equal to 17 cents a share, vs. $705,686 or 35 cents previous quarter and profit before Federal income taxes of $245,079 year ago.

1935

trend | turned down, but later the market |

met support and some issues came | Int T&T 5s 55.. | Bklyn M T 4'is 66.

profit-taking #U S Rub 5s 47

| B&O 5s 95

| 33gs

group | 33%gs 1947-43

| 2a 4S -—. 31 3s - 3.26 | 27 8S —-5.11 |

| 4s ! | 4'as Nov. |

| Abitibi | Am&For

| Arm

| Erie ref 5= . Fairbanks M 4s

Pac Gas & Ei 4s 64 ... Moody 's— | 992

since | | Benn EE gn ives 6.

- | Soc Vac 3's 50

vs. 55.8 | Canada 4s 60 .

1937

N. Y. Bonds

By United Press

BOND PRICE INDEXES

20 20 20 Inds. Rails Utils. 85.0 5.9 95.2 84.9 5.9 95.1 84.1 76.9 94.0 . 88.2 83.6 97.4 Year ago 93.1 99.3 105.7 Two years ago 89.9 78.9 101.8 193% high ..... 95.0 101.2 106.0 1937 low 82.5 2.1 92.3 1936 high 94.8 100.4 106.2 1936 90.0 84.7 103.5 1935 . 91.4 $6.4 103.6 Le 89.3

10 MOST ACTIVE BONDS Net Month Year Close Change Ago Ago 1's + 8 55%: 82

60 Bonds 85.4 85.3 85.0 89.7 99.3 99.2 100.5 82.3 100.2 93.3 93.1 83.0

Yesterday Week ago Month ago

B&O 5s 2 Nat Distil 4'2s 45. .103'4 — 15 10435 105 . 63% + ka 632 79 63 3 ki! 10334 104% 105 10675 1 — 1} 5% 834 64's 9134 | 65 Kk

CMStP&P 5s 2000 .. B&O 5s 96.

Bond transactions hated $4,140,000, Saturday. |

THE INDIANAPOLIS TIMES

PAGE 11

FINAL NEW YORK STOCK QUOTATIONS

Adams Exp .... Adams-Mil Addressograph - Reduc

High ow 115s 11 . 20% 1900 23% 23% STs 57 112 13a 11%

1112 7 134 18

eg en ied

ied ied is SS Amal

> bb EZ

m Am A

ied Kid

Ag Del Bank Note. Shoe .

18 17 16% 16 1558 Steel .... 217% 213% Indust ... 11 1012 Chem ~--188 163% . 15% 1s 11% 47 3Va 66 66 162 39

9312 24

i Miils Stores

al Leath 32 ge ‘

Rad & ve Roll Mill ... Roll M cv pf Safe Razor.

A Am Am

Zinc pr of i Anaconda

Anchor Cap =

| Bret

| Andes Cop

| Armour Til pr of ! Armsirong Arnold Const

S. GOVERNMENT BONDS | Treasury Bonds Tigh

U. Low Close 105.21 106.15 107. 106.13 106.13 111.13 102.19 102.15 104.26 100.19 98.5 99.29 102.28 100.17 1959-56 99.18

Federal Farm Morigage Bonds 102.26 103. 102.10 Bonds 100.22

1943-40 Ju | 33ss 1943-41 Mar 106.19 106.13 111.13 102. I?

1945-43 1946-44 1954-44 34s 1947-45 3

314s 314s

102.28 100.19

23s 99.22

102.26 103. 102.10 Home Owners Loan 1949-39 100.22

1944-42 100.17 1952-44 102.11

Federal Land Bank Bonds Ask Yield July 1955-4F 0 101'4 2.81 Jan. 101'g May 1011s May 1025 July 10934 May 1017 1033s

100.22 100.17 102.12

3 oF (M). s 2030 . ATT roy SH 43 AmWatWk 6s 75. AnacondaC4'2s50 Co Del 4

Shi ey ref 4s 34 ct. T Hau inc 5s 60.

Clev Un Ter 5s 73 Boas

Col GE 5s 52 May..... 8 Cons Oil 31> 5 31 56 7 Cons Edis 3146 5 on Con GNY 4'!ss 81 Consu Pw 312s .

Flor E Coas 5s 7 Gen M Ac 34s Gen M Ac 3s 46 Gen Stl Cas 5'zs Goodrich 6s_45 Goody T & R 5s 57 Gt North 4'zs = 4d Gt Nor 4s G 4 | Gt Nor 4s H i Hous Oil 5'as 40 Hud Man ref 53 57 Tl Bell Tel 3'zs » .vin Ill Cen 434s 66

C | ICCSLNO 42s a Int Hy El 6s 4 Int T&T 5s 5a Int T&T 4'2s 52 $ | Int T&T cv 4'2s 39 ... Jns & Lgh 4's 61 Leh V RR 4s 2003 Lig & Myers 5s 51. Loews Inc 3's 46 ... Lou & Nash 4s 40 .... | McCrory S 5s 51 | MeKebR 5'2s 50 - PSSM cn 4s 38ct.. MET adj 5s 67 .. . Mo Pacif ev 5'as 4... Mo Pacific 5s I 81..... Mo Pacific 5s F 77 Nat DP 33s 5lww NY Cent ref 5s 2013.. N Y Cent 4'zs 2013 .. NYC St L 5's A T4.. NYC St L 4%s C 78...

49 ... 51

N x Dock 1st 4s 51 .... NH H cv 6s 48 .... NY NH & H os 67 .. Y Tel 4'2s 39 | No Pac 6s B 2047 Nor Pacif 3s 2047 Ohio Edisn 4s 65

Penn Co 4s 63 Pa P&L 4'zs 3 : | Penn R R 3%s 70

Penn R R 4%s D 81 ...102

| So Pacific 4las 81 Rwy 6l2s 56

Studbk 6s 45 .. Texas Cor 3'28 Nt n Pac 1st 4s 47

Rubber 5s 47 . Va Ry Co 334s 66 Wabash 52s A 75

Young S&T 4s 61 FOREIGN

Australia 5s 55 1 6155 26- ak Canada 5s 52 .

| Canada 3's 61 | Canada 2'2s 45 . Cijle 6s 80

japa 6s

U. S. STATEMENT

WASHINGTON, Oct. 30 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 28, compared with a year ago: This Year .$2, 2.502. 767. 333. 13

Last Year Expenses $2, 3 0.50 809, 22 .68

Receipts

149.338. 83. 36

Yod tal Pur Gold ... $343, i. 26 1. 265. 383,442.70

Customs

Inac.

INDIANAPOLIS CLEARING HOUSE Clearings

Debits “ee Clearings ‘for week ... Debits tor week Clearings for month’ Debits for month

FOOD PRICES

CHICAGO, Oct. 30 (U. P.).—Apples— Michigan McIntosh, [email protected]. Sweet Potaoes — Tennessee, bu. hampers, 75@90c. Carrots—Ineis, bunches, 2@2'2¢. Spinach—Illinois, bu., 35@75c. Tomatoes—California, lugs, $12. Cauliflower—California, crates, [email protected]. Peas—California, hamers, $2@3. ons (30-10. sacks flat RoaLes,

poe Chios Yaoeizn val Siencles, "Shed

Cons Cons Cons Cons

| Artloom Asso Drv Atchison

Gds - cunnwe

Atchison pf A

Aviation Corp .

Bald Loco ct wi

Balt

& Ohio

Balt & O pf ... Barber Co Barker Bros ... Barnsdall

Bendix Avn .. Ben Ind oun .

Beth

Ste

Beth hy 7 pf 100 Beth Steel 5 pf 15% Bigelow San ... 32 Blaw-Knox

Burlington ™ -.. Burroughs Bush Term

Butler Butler Butte Byers, By ron

Bros ... Bros pi. Cop

Jackson ~

Callahan Zinc Calumet & e Campbell Wy .. Canada | ‘ie 1814 San Pacific .... Ca J 1 1 Caterpillar T « s

Dry

Chi Pn Tool pf. Chi RI&P 7 oF;

ark Cleev ugh Br Cluett Peab ... Coca Cola .....117 Coca Cola A. Colgate P-P 1 Colgate a Col & Col Col Broadcast A Colum “iu Col Pictures vtc Com Credit ... Com Inv Tr.... Com Solvents Commonw & So Commw & S pf. Conde Nast .... Cong-Nairn .... Aircraft .. Cigar .... Edison ... Edison i. Cons Film . . Cons Cons_ Oil Con RR Cuba pf Con Textile .... Cons Coal vtc. Container

Ak .... Fuel & Iron

Gas

Crown Zeller .. Crucible St .... 3

Curtiss-Wr A..

Cutler-

Ham

Davega Strs ... 0

Du Pont »f....

East

..133 133 109'2 109%

Mill....

East Kodak . Eitingon Sch..

Elec E

Auto-L..

Eureka Vac

Evans

Prod

Exchange Buf. :

Fair Morse Fajardo Sug ... Fed Mot Fed Screw

Fed

Dep St 2 FedDepSt cv “pf

Fid Phen Firestone T ... Firestone pf A.

First

N Strs

Flintkote Follansbee ‘a Foster Wheel .. Francisco Sug -

Gabriel A Gair Robt ....

Gair Gar

Robt ood

Net Cluge pg 11%

— Pt pt ek Ot DD eb ek dk pk

19% 23% 57% la 38 8

wo Dar

HEHEHE FLD LA PEPE)

r+;

HN - —,- a -

* bp

. | Radio Ko

High 637s 63x 7634 15% 142

U S Steel Chrysler Par Pict Int Paper Gen Motors ... 431% Rep Steel .. 3134 Radio Corp Am N Y Cent Anaconda Cop . South Pac Packard Yellow Truck .. Zonite Prod Canada Dry ...

Saturday.

Low 6214 5a 45% 15% 1312 2% Ne Ba 21% 31's 2, 6 1234 4 153s

Close 6312 63% 7614 153% 141 43% 21 8s 2% 317s 227s 6 13% 45 1612

Transactions approximated 000 shares compared with 1,320,- | 000 last Saturday. Curb transactions approximated 128,000 shares compared with 273,000 shares last

By United Press 15 MOST ACTIVE STOCKS

Net Change

+ %

710,-

Glidden

Gobel, Adolf ..

Goodyear pf .. Gotham Hos ... A Sralun Paige. 2% Granb ene 5% Glidden ts lg

Gt West Sug .e Green H L Greyhound Cp. Greyhound pr Guant Sug . Gu M&No pf we

Hall Print .. Ham Watch Harb Walk Hat Corp Hayes Bdy ... Hecker Prod ... Herc Mot .e Holland Furn Hollandr & Homestake Houd-Her

1872 2315 Son 133 ens $Y

Bn ... Hudson Motor. . Hupp Motor ... 23%

Il Central

nspiratn Cop nter R T ry nter Iron .. nt Agric ..... nt Ag pr pf .. nt Basiness M143 nt Harvester .. 787 nt Hyd El A.. 8! nt nt T nt nt nt Int nt

Johns-Man ....

Kan C Sou .... Kayser Jul Kelsey-Haves Kelsey-Hayes Kennecott Keystone Stl ... Kinney Kresge SS

Kroger G & B. 20

Lone star Cem. 3913 Long Bell, 43g Coe 3 Bis sp 19 G&E 19

Lou Lou & Nath . Ludlum Stl ....

Masonite. Corp DS

C. 30% ay we 53 jetan Corp “on

15% 117%

. 11 Poe Porc . Keesport .. . 25%

[engel ... esta Mach iami Cop ident Pet .. inn Hny inn-Moline

222222 2RR2222 22222

Mueller Br .. . 23 Mullins Mfg B 77 Munsingwr ... 15 Murphy G C .. Murray

Nash Kelv Nat Acme Aviation...

Sup Penn 25% Sup pf new 80'a f new ’ 30 .

. 134 Outb'd Marine 1515 Owens Ill Glass 70%

Pac G&El ... ve 39% O . 16%

Fi 1% Patino Mines. . 1 io

Peoples Gas . Peoria & East . Pere Marquette. 18 Pet Milk 1

hillips Jns hillips Pet

& B tts Term Coal tts United . ymouth il oor B ..

vUUVTVUVVUVU VO

dureObcu cv oe ois Purity Bak

fo... 3 il. ou Safeway 26% t L-S Flan pf. 3% SES A

a Ba §

seen sees

—P . 263s

Net Low Close Change

bet Ne

DRDO =~ DNWD DORI DO

ORD es © Ce RRSwBnvnda oaenSES on Far Rae a » SNE NEB Ae

B= GR 3 —-_— Lo

3 r 6's

61% io 30

1 % i

- nN y Gy AN aR aN ®

— ow

H+ He] +4

. i ra »aN

}

" &

a OTR WER ABN N

+1:

1+} t

++:

Net High Low Close Change Seab’'d Air L een Seab'a Air L ot Seab’'d Oil Sears Roebuck . Servel Inc Sharp & D Shattuck

1 032 Be 1

Socony-Vacuum So Am Gold ... So Por R Sug . So Cal Ed .. South Pac South Ry .. South Ry pf’ Sparks With Sperry-Corp .. Spicer Mfg .... 2 Spiegel Inc Square-D-B ... Std Brands .... | Std Srants pr tgs Std C Tob Std G & = E pt E pf

Std G & Std G & { E 7 pf nv ....... Cal

195

Std G & Std Std Std Std Sterl Prod .. tew-War .. Stokely Br . 10 Stone & Web .. Studebaker Sun OH ....... Sunshine Min . Superhtr view Superior Oil Superior Stl Sweets Swift & Co Swift Intl Syming-Gould . Syming-Gouldxw

Tenn Corp Texas Corp . Texas Gulf Prd T& PC & 0 . Tex G Sul “ee Tex Pac LT... Thatcher Thermoid Third Av Ry

Timken R B Transamerica Trans&West Air Tri-Cont | Truax Tra Truscon Stl .... 20th Cent-Fox . Twin CvR T .. Twin Coach

Ulen & Co Und Ell Fish .. P 1

. 21%

Un Pacific -100'2

Curb Stocks

High Low Close Change Alum Ltd enw C8 T2 Alum Co Am .. Am Airlines 2 Am Bor Brd .. Am Cyan B ... 26 Am Maracaibo . Am Sup App El Pwr A 103 Ark N Gas A : Austin Slver . Bald Loco Bl ws 5 Barium Stl .... 23s Berkey Gay Fur 1% ill Cp B oo Brown Co pf .. 45 Carrier Corp .. 34% Cent St Ei cv pf i 1 Centrif Pipe ... Cities Serv .... Cities Serv pf . Col O & G - Con Cop ns

3g 4

Creole Pet Cusi Mexic .... Det Gry Ir Fdy Eagle Picher Equity Cp .... Fisk Rubber =

M Ltd Grd Nat Films. Humble Oil ... 6 Lockheed Air .. Mich Bumper .. Molybdenum ... Newz Sug Ref ia

Wright Harg

INVESTING CO.’S

Bid AskiInvest Bank eS Adm Fd i’ 94 13 71 pant B 12 1. Affil Pd 498 5.44) 1% 12 Am H Cor 17.75 19.50 Sehoellk? 1.50 fm Be 78 .86/In F C nw 10.75 4.75 24.78

5. 4 Key cf B2 = sta Oil 5.84 6.7 B3 16.01 Bas Ind 3.78 "ct 17.14 Bos F Inc 17.17 18. 38 n 11.67 Brit Type .38 nc 17.32 Broad St B 5.15 26. 90 6.22 Fd Md

11.50 12 56 1 3.86 Nat . sec 3.44 3.54 34 1.42

md md 2.80 Crum Fos ol 00 2. 00, Cuml T ’ D Bk NY A 1 5 Dp, Ios A 2M

Div C

D Divid Shrs 330 Equity T Fidelity Fiscal Fund Bk Stk . Ins Stk 3.09 Fix a A 9384

'd 2.02/r In new 11.68 3. 1! Rep Tr 10.15 10.65 ..+./Repbl In Cm .47 . .52 7.85 ..1Sel A I nw 10.10 11.01 Found 3.95 4.25/8elect Inco 4.32 . Fd by i 17.25 18 32!Sov Inv Ira in Sesisp =,

ti Gen Cap 21. 3 34. 33/State Sa Gen In Tr 5.14 5.60 Sup Group Securities

14 82 15.70 16.53 .59 . 88.00 93.00 S33 ser 4 nt 0 DP .48 Super AA 3 B |Supvsd N JR [Trt = In C 3 2 ” 3 .8 ak Ir 104" .40 80! Inc 18. 99 well ra

17. Instl Securities Ltd.: Bk Grn 1.25 1.391

U. S. Taxes Are

93 14.00 15.50

By JOHN

fall have been coming home with excellent conditions they have met Duce. and enthusiastic than ever. Tourists see the streets, the parks, the buildings, the soldiers, the trains, public places of all sorts. They do not, however, see any of the bills which the people of Italy pay for these external appearances of their regeneration. In fact, the Italian people themselves have not yet seen all the bills. Because an enormous amount of the cost of the fascist regime has not yet been paid for. It has been financed by all sorts of Government borrowing. The total of debt is staggering. But the cost in taxes and other money charges directly borne by the people has been great. Taxes were increased until two years ago. Mussolini himself declared business could no longer stand the crushing burden. But in the last two years that burden has been immensely enlarged. First of all, in addition to the heavy normal taxes, there has been a 21: per cent tax. And this has now been increased to 3 per cent. The traveler should have been able to notice this. Then last year a capital levy was imposed. That is, everybody was assessed at the rate of 5 per cent on the capital value of his property— real and personal—and forced to accept Government bonds for that much subject to a rule requiring them to pay a tax to liquidate the

MARKETS AT A GLANCE

Stocks irregular in light trading. Bonds irregular. Curb stocks irregular and quiet. Chicago stocks irregular. Foreign exchange steady to firm. Cotton futures ease on Southern selling. Grains in Thicage: YWheat off 14 to up %; corn off 4 to 1's. Livestock: Hogs, cattle, sheep steady. Rubber futures higher. Silver in London at 197: pence a fine ounce, off 1-16 penny.

Net Close cnanze

High Un Aircraft Cp. 20 Un Air Lines .. 9% 9° + Un Biscuit .... 20 + Un Carbon . g . United Corp ... United Cp pf .. Un Dyewood .. 1 Un El Coal .... United Fruit ... Un Gas Imp ... n_ Paperbd ... S For Sec ...

Low

cdacadddddaddddg

locPR LA...

Vadsco Sales Vanadium Van Raalte Vick Chem Va-Caro Ch Va-Car 6 pf

Nanna ERR

Ltd DPD

NTRS

Warner Bros... Warren Br. .... 8 War Br _cv pf 14 Warren F&P... 23'% Wayne Pump .. 33

Wes Oil & S... 33

Wes Oil & S of 76 , Auto Sup. 20/6 Md

BI CIR "0 Os —- a - - an

29 03 ty 3 AUPE AD

—

ERR RETR VAP ALT DAD

-_t3

White Sew M pf Willys Overld .. Willys Overlnd. Wilson & Co... Woolworth .... Worthington

Yellow Tr Y & W

ng .. Yng Sheet . 457

Zenith Rad

Zonite BANK STOCKS

Bid

o 33, . $Y

Ask

Bank of Manhattan Bankers Trust Bank of New York Trust Brooklyn Trust .. Central Hanover hase Chemical Commercial . Continental . Corn Srthan Empir . First National Guaranty Irving ... . Manufacturers National City New York Trust Public

Aetna Insurance ... Aetna Life Baltimore Amer Carolin City of New York Conn Gen Ie Continental Gas | Piremen's of Newark Franklin . . van ve | Gibraltar Fire & Mar Ins. ... Glens Falls Fire Great Amer Ind Great Amer Ins Halifax .... Hartford Fire Home Fire Home Ins Homestead Maryland Casuality National Liberty New Brunswick Phoenix Fire Revere-Paul-Fire Ins Sun Life

CHICAGO PRODUCE

Eggs—Receipts, 3399 cases. Market, firm; fresh graded firsts, 23c. extra Bras, 26c: current receipts, 22c; checks, 17}

dirties, 191zc. Butter—Market steady: receipts, "7756 tubs. Extras (92 score). 35c: extra firsts (90-9112 score), 333% @34'c: firsts, 31%@ 3234c; seconds, 28@30'zc. specials. 3512@ 36c: standards, 34!2c: centralized (89 score). 32V4c: centralized (88 score), 313c. Poultry Market, Sesdy; receipts, 9 trucks. Ducks. 16'>2@19!2c. Geese, 16c; hens, 17'2@2lc: spring Bsckens 20@22c; roosters, 14@15c; broilers, 24@26c: turkeys, 16@22c: leghorn hens, Y Cheese—Twins. 19@19%c: 1914 @19'%c: longhorns, 19% @19'2 Potatoes — Supplies, E beral: demand, light: market, weak. Idaho Russet Burbanks, $1301.45: U. S. No. 2, 81.17'.@ 1.20: North Dakota Bliss Triumphs, $1.10 @1.15; North Dakota Cobblers, st. [email protected]; Nebraska Bliss Triumphs, $1.25; Minnesota Cobblers, 95c@$1: Minnesota Early Ohios, 95c@$1; Michigan Russet Rurals, U. S. Commercials, $1. Arrivals, 86; on track, 379; shipments, 597

COMMODITY PRICES

OTTON New Orleans

2C. daisies.

Low Close December 8.09 8.09

October 8.17 NEW YORK COTTONSEED i

December March

7.29 7.30 7.34

Mild Compared

With Italian Levies, Flynn Says

T. FLYNN

Times Special Writer NEW YORK, Oct. 30.—Americans who visited Italy this summer and

the usual crop of stories about the in Italy under the dominion of Il

In fact the number of such reports have been more numerous

Now the dictator is speaking of a 10 per cent capital levy—an outright levy of 10 per cent, not on income, but on capital. In addition, of course, ever since the Ethiopian campaign, foreign bonds and stocks held by Italian

subjects have been taken over AP the government in exchange for Italian bonds—the government collects the interest and dividend in foreign currency, retains it and pays the owners in Italian lire. Then there are new corporation taxes which would make the average American businessman who so often talks tolerantly of Mussolini die of heart failure. Along with all this almost every form of popular investment institution—savings banks, insurance companies—have been forced to lend their funds to the government. And now, in addition to withdrawing gold, the government has withdrawn silver from circulation in order to use it for foreign purchases. The cost of this new system of government has been staggering. So that it is odd to hear Americans who are shocked at our own mild taxes, talking about the great efficiency and success of one of the most incessant tay devourers in the world. : Sh

2 |

WHEAT FUTURES MIX FRACTIONS IN DULL MARKET

Corn Prices Drop Fractions To More Than 1 Cent Lower.

CHICAGO, Oct. 30 (U. P).— Wheat futures were closely tethered to the previous close throughout | a dull session on the Chicago Board | of Trade today. Prices were inclined to firm slightly but hesi- | tated to strike out boldly in this direction. At the close wheat was ! lower to % cent higher, December 965 cents; corn was 3 to 1% cent | lower: December, 57'2 cents and | oats were '¢ cent higher. Decem- | ber, 30'2 cents. Steady cables principally were | responsible for the inactivity 0) early firmness at Winnipeg sug- | gested a somewhat more definite trend and prices responded lethar-

gically. Corn was irregular at the start. As trading progressed, December | slumped sharply, causing some easiness in the other two deliveries. Trade was also light with no hedg- | ing in evidence. Some overnight export business was reported, in smaller volume, however, than has been customary for the last few days.

CHICAGO GRAIN

RANGE

zs cent

Prev. High Close ciose $ 96% §$ 95% § .96% ‘96 9615 .96 951% Ills 9078

5853 59% 604

5874

3012 303%

(a)Ask. (b)Bid.

CASH 4 hard, 97'%c¢. Corn—No. 5 mixed, 4634c; No. 2 yellow, 59c; No. 3 yellow, 56@67c: No. 4 yellow, 5134 @ 4c; No. 5 yellow, 45> @46¢c; No. 3 white, 56%c; No. 4 white, 5234 54Y2¢; No. 5 white, £234c; sample, 42'2@47c. Oats—No. 3 mixed, sac; No. 1 white, 3333@34c; No. 2 white, 332 34c: No. 3 white, 32@32'zc. Barley—Feed, 42@60c: malting, 60@88c. Soy Beans—No. 2 yellow, 9433@95'%2¢c; No. 3 yellow, 9534 96c. Timothy Seed—[email protected]. Clover— Red, [email protected]; sweet, [email protected]. Cash Provisions — Lard, $9.37, nominal; loose, $9.42, nominal; leaf, $9.25, nominal; bellies, $13, nominal.

Wheat—No.

WAGON WHEAT

City grain elevators are paying for No. 2 red, 89c; other grades on their merits. Cash corn, new No. 2 yellow, 47c. Oats,

LIVERPOOL WHEAT

HIgh Low 2 $1.32 $1. 1.2718

Chicago Stocks

Low Close Adams Rovalty 6 Advance Alum Armour & Co Aro Equip Corp Asbestos Mfg ........ Asso Invstmnt «....e00 Bendix Aviat Binks Mfg .. . Bliss & Laugh

Leo CROONER WUI TID

Sede N

Cherry-Burrell Chgo Corp . Cities Service . Comnwlith Edison ... Comp Ind Gas Consol Bis Cord Corp Conathgham ‘Drug Dayton Rubber Elec Househd Fuller Mfg Co Gardner-Denver Gen Financ Gen Hshld Ut eileman Brew nd Stl Prod Iron Fireman ... Katz Drug

NPN N ER -

tora Fy

LIN =IB 00ND DTI a UT RI 0 UNEILI WO TRI BD

— pt ANAND WLD LIN

Uh — —— CER

—

— —

CVU

POT WN DWI TRRDDD

Kingsbury La Salle Eaten Leath Co Lincoln Print Lindsay Light Marshall Field McCord Rad Mickel Food Mid West Corp Midl Ut 6 pr lien. Nat Pres Cook .. Noblitt Sparks . Ontario Mfg .. Parker Pen ... Pines ion: Process 17 Pub Serv N Phi % pf.... Quaker Oats 97 Serr.ck Corp B So Bend Lath Stan Dredging Stan Dred pf Swift & Co Swift Ly Trane Co anes Utah Radio Prod ... Wms Oil-O-Mat Wisc Bk Shrs Woodall Ind Zenith Radio

LOCAL ISSUES

(Bv Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offerings but merely indicate the approximate market level based on buying and selling inquiries or recent transactions BONDS

Citz Ind Tel (TH) 4.5 6 ..

Bid ..1001% 10312 10412

103; Indiana Tel Co 55 0, sannirss 98 Ind Railway Inc 5s .s 52 Interstate Tel & Tel i 2s 54... 97 Indpls Water Co 3':s 66 .100 Kokomo Water Works 55 58. Morris 5&10 Stores 5s 50 .... Muncie Water Works a 5 . Noblesville H D & P ...100

Richmond Ww W 5s 57. Seymour Water 3 2 49. TR Trac & L 5 . . T H Water Works 3s 56 . ..101 Ng T H Water Works 6s 49.. . Va | Trac Term Co 5s 57

Indpls Water Co p Jincoln Natl Lite Rs To’ com.

14% . 481% w 4 Terre Haute . 94 lg Title Co com were S30 Van Camp Milk Co Bid... 46 Van Camp Milk Co com z

(By M. P. Crist & Market St Investing Corp.... SAFE DEPOSIT BOXES % The ¥%

Indiana National Bank

’ § § v

25.38

| cents. | cents under a week ago.

| cents

| Late top on vealers was $11.

| 140-150 lbs.,

Porker Prices

Remain Steady In Local Yards

Steady levels were maintained on a limited supply of hogs today, according to the Bureau of Agricultural Economics. The top on gilts remained at $9.80 on choice 160 to 180 pound weights. Sows bulked from $8 to $8.50 with scattered head butcher sows cashing from $8.75 to $9. Weights over 150 pounds were 20 cents lower than last week's close, while lighterweights declined 35 Packing sows were 25 to 50

There was no trading in the cate tle division today. Compared with [ the close last week, slaughter steers, yearlings and heifers are 50 to 73 lower, cows weak to 25 cents off and bulls around 25 cents lower, Stockers and feeders closed 25 to 50 cents off. The market, however, strengthened slightly on all slaugh« ter classes after midweek. Killing quality of the steer crop was plain throughout, choice steers being scarce. Best steers for the week touched $13, with bulk of steers and vearlings from $7.50 to $11.25. Best heifers sold at $9.75, with the bulk from $5.50 to $8. Closing bulk on | low cutter and cutter cows was from $3.25 to $4.50, plain to medium beef

| COWS $4.75 to $6, with strictly good

| weighty cows salable up to $7.50. Best medium bulls cleared at $6.75, Choice stock steer calves reached $9.25, with bulk sales from $6 to $7.50. Not enough sheep or lambs are rived today to make a market. Com« pared with the close last week. all classes are steady. Late bulk on good to choice ewe and wether lambs was from $9.50 to $10, closing top on slaughter ewes was $3.50.

HOGS Bulk 9.806 10:65 .25@ 9.50 15@ 9.40 9.156 9.40 5 5

Recelply 0

5a 9.80 S@ 9.80 “9. 55@ 9.80 Licht Lights 140-160) Good and Medium

Lighiwelehis 160-180) Good and

M (180-200) M

(200-220) (220-250) Heavyweights— (250-290) Good (290-350) Good and Packing Sows— (275-300) Good (350-425) Good (425-550) Good (275-550) Mean Slaughter Pig (100-140) Good and cholce.. edium

CATTLE —Receipts, 25— (550-900) Choice ... Good ...

Medium Common Choice Good ..... ‘ Medium ........ss, Common (plain) .. Choice

choice. . d choice. . d ‘choice. . choice. .

cholce.. choice. .

(900-1100)

0 15.00@16. 5 11.00@ 15.50 [email protected] vesss. [email protected] sevees [email protected] Heifers

(1100-1300)

N (1300-1500)

(550-750) q Aa @12.00 “ .e 0 Good and choice. . .. % 35 Common, medium. 5.25@ 9.75

(750-800)

Good... Common, medium Low cutter and cutter

6.00@ 17.50 4.50@ 6.00 3.50@ 4.50

Good Cutter,

(beef) ¢ common and medium Vealers —Receipts, Good and choice | Medium. Cull and medium

[email protected] 8.50@ 9.50 5.50@ 8.50

(250-500) Good and choice . [email protected] Common, medium. 5.00@ 7.50 Feeder and Stocker Cattle Steers (500-800) Sony and cholice.. mmon, medium.

Co (800-1050) Good and choice.. Common, medium.

PUD

Via OW VOW

Heifers— Good and choice.

3 0 a90

wn ~a O-3

SHEEP AND LAMBS

—Receipts. 25—

Lambs—

(90- 175, Good and choice. . Common, medium.

CHICAGO, Oct (U. P.).—Hogs—Re= ceipts, 3000, including 2500 direc mare ket nominally steady at $9.50. Cattle—Receipts, 1000: calves, 100; mare ket, steady. strictly choice and prime steers steady for week; others to 75 cents lower: trade irragular; stockers and feeders steady to 50 cents lower; beef cows and medium to good heifers 50 cents lower; cutter cows 25 to 50 cents off; bulls. 50 to 75 cents down: vealers, $1.50 to $2 for week: extreme top weighty y light sters, $19; light vear= lings, heifer yearlings. $14 Sheep—Receipts, 3500; market, steady; fat lambs. 25 to 40 cents lower; sheep and fesder Bcrings 25 to 50 cents off; Jamh top for rangers: native top, 29.90; Rs 1% [email protected]; slaughter ewes, $2 50@

feeding lambs, $9@ 10 FAYETTE, (U. P.).—Hogs-—

steers,

Oct. 30 : bulk Pro. 225 ; .. [email protected]: $9. 2560. 50: 0 1lbs., $8.75@9: 1bs., [email protected]: roughs, $8.25 down:

$9.50@ io [email protected]. FT. WA Oct. 30 (U. P.). Pri mm Market, steady: 160-180 Ibs.. $9.50; 200 1bs.. $9.40: 200-225 lbs $9 30: 225. 13% Ibs., $9.20. 250-275 lbs. § 278 1b $9. 300-350 105 9

0 lbs. $8. $6. 50; calves, 811;

calves, lambs, YNE,

1bs., $7.75;

STEEL INSTITUTE ELECTS OFFICERS

WHITE SULPHUR SPRINGS, W. Va., Oct. 30 (U. P.).—The Insti= tute of Steel Construction closed its meeting here yesterday by re-elect-ing all officers and naming Paul Coddington of Milwaukee to the hoard of directors.

George Blakeley, vice president of Bethlehem Steel Corp. and C. Edward Michael, Roanoke, Va. were {named honorary members, the first ‘time such membership had been granted b; by | the institute.

$8.50: stags,

5 Roughs, lambs, $9.25.

DECLARES DIVIDEND

CHICAGO, Oct. 30 (U.P.).—The Standard Oil Co. of Indiana today declared an extra dividend of 75 cents a share in addition to the regularly quarterly disbursement of 25 cents on the common stock, payable Dec. 15 to stockholders of record Nov. 15. An extra payment of 25 cents was made in the previous quarter.

memagn FEDERAL DEPOSIT INSURANCE CORPORATION

of Indianapolis