The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, October 26, 1932, Home Edition, Image 11

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The Indianapolis times. [volume], October 26, 1932, Home Edition, Page PAGE 11, Image 11
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The Indianapolis times. [volume] (Indianapolis [Ind.]), 26 Oct. 1932. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn82015313/1932-10-26/ed-1/seq-11/>

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I OCT. 26, 1032:
SWINE MARKET
HOLDS FIRM IN
QUIEHRADING
Cattle Action Slow, Steady
With Previous Range;
Sheep Even.
Hogs were steady this morning,
trade at the city yards showing no
Thangea from Tuesday’s price range.
The bulk, 10D to 325 pounds, sold
for $3.30 to $3.50 with a reported
top of $3.55. Receipts were esti
mated at 7.000; holdovers were 465.
Not much was done in the cattle
market with the steer trade un
developed. Cows were little changed
with heifers strong to higher. Re
ceipts were 1,500. Vealers were
steady at $5.50 down. Calf re
•ceipts numbered 300.
Lambs held slow and steady,
selling for the most part at $5.50
down. Morning's top price was
$5.75. Receipts were 1,500.
Early bids on hogs at Chicago
were mostly steady to strong, with
asking around 5 cents to 10 cents
higher than Tuesday’s average. The
bulk of good to choice porkers
weighing from 180 to 260 pounds
was bid in at $3.50. Receipts were
estimated at including 3,000
direct; holdovers, 5,000. Cattle re
ceipts numbered 11.000; calves,2,ooo;
market stationary. Sheep receipts
were 18,000; market unchanged.
HOGS
Bulk. Top. Receipt*.
20. $3 500 3.65 *3.65 7.000
31. 3.50® 3.65 3.75 7,000
22. 3 *o# 3 60 3.60 4,000
24. 3.400 360 3.60 8.000
25. 3.3041 3.50 3.55 9,000
26. 3.304 c 3 50 3.55 7,000
Receipt*, 7.0OO: market, steady.
(140-160) Good and choice....* 3.50
- Light Lights—
(l6o-180) Good and choice.... 3.500 3.55
—Light Weights—
(lßo-200) Good and choice.... 3.40® 3.45
(200-220) Good and choice.... 3.35® 3.40
—Medium Weights—
(22o-250) MedJuin and g00d... 3.354? 3.40
(250-290) Good and choice 3.35® 3.40
—Heavy Weights—
(29o-350) Good and choice.... 3.20® 3.35
. —Packing Sows—
-1350-5001 Medium and g00d... 2.50® 3.00
(100-120) ©laughter pigs 3.40® 3.50
CATTLE
Receipt*, 1,500; market, steady.
’ Good and choice $ 6.00® 8.50
Common and medium 3.00® 6.00
' ii.ooo-1,800)
Good and choice 6 25® 8.75
Common and medium 4.25® 6.25
—Heifers—
Good and Choice 5.00® 7.50
Common and medium 2 50® 5.00
—Cows—
Good and choice 3.00® 3.75
Common and medium 2.2540 3.00
Low cotter and cutter cows.. I.oo® 2.25
- Bulls (Yearlings Excluded)
Good and choice beef 2.75® 3.50
Cutter, common and medium.. 1.75® 2.75
CALVES AND VEALERS
Receipts 300; market, steady.
Good and choice $ 5.00® 5.50
Medium .... 3.00® 5.00
Cull and common 2.00® 3.00
, ' —Calves—
X*ood and choice 4.00® 5 00
Common and medium 2.50® 4.00
—Stocker and Feeder Steers— •
Good and choice 4.75® 6.00
Common and medium 2.50® 4.75
(600-1,500)
Good and choice 4.75® 6.00
Common and medium 2.50® 4.75
SHEEP AND LAMBS
Receipt* 1,500; market, steady.
Good and choice $ 5.00® 5.75
Common and medium 2.50® 500
Ewes, medium and choice .... I.oo® 2.00 >
Cull and common 50® 1.00 j
Other Livestock
BY UNITED PRESS
CHICAGO, Oct. 26.—Hogs—Receipts, 18,-
000. including 4.000 direct; active, mostly
5® 10c.higher; 180-280 lbs., $3.500 3.55; top,
$3.60; 300-325 lbs., $3,254(3.45; 140-170 lbs.,
$3,304(3.55; pigs, $3.2503.75; padkiftg sows.
$2.60(03.25; light lights, 140-160 lbs., good
and choice, $3.25@3.50; light weight, 160-
200 lbs., good and choice. $3.40@3.60; me
dium weights 200-250 lbs., good and
choice. $3,504(3.60; heavy weights, 250-350
lbs., good and choice, $5,104/3.60; packing
sows, 275-500 lbs., medium and good, $2.55
4(3.25; Slaughter pigs, 10-130 lbs., good and
choice, $3.26413.75. Cattle—Receipts. 11.000;
calves, 2,000. fed steers, mostly kinds
scaling 1,000 lbs. upward, predominating
in run; early market vyry slow', under
tone 25c lower; light steers, especially
light yearlings, steady: she stock generally
steady; most fat steers, especially light
yearlings, steady; she stock generally
steady; most fat steers of value to sell at
s6®B; strictly choice heavies held above
$9.50; slaughter cattle and vealers; steers
600-000 lbs., good and choice, $6,254(8.50;
900-1,100 lbs., good and choice, $6.25®
8.75; 1.100-1.300 lbs., good and choice.
$6.5047 9.50; 1,300-1,500 lbs., good and
choice. $6,504/9.50; 600-1.300 lbs., common
and medium, $34) 6.50; heifers. 550-850 lbs.,
good and choice, $5.5p®7.50; common and
medium, $2,754/ 5.50; cows, good and
choice. $34(4.50; common anef medium,
■38.504/3: low cutter and cutter, $1,504(2.50;
bulls (yearlings excludedi. good and choice
ibeef), $3®4.50; cutter to medium, s2®
3 10; vealers (milk fedi, good and choice,
$4.5005.50: medium, $3,504(4.50; cull and
common, $24(3.50; st ;ker and .feeder
cattle; steers 500-1.050 lbs. good and
choice, $4.25x6; common and medium,
$2,754/ 4 "*. Sheep—Receipts. 18,000; slow,
steady to shade lower than Tuesday's fcsst
prices; early bulk desirable native' lambs,
*5415.50, few $5.65; best held higher;
bidding. $54( 5.25 on good westerns; white
faced feeding lamhjy $4,254( 4.75: slaughter
sheep and lambs: lambs 90 lbs. down, cood
and choice, 54.7505.25; medium, $40*.75;
alt weights common, $3.5004: ewes 90-150
lbs., medium to choice $14(2.50; all
weights cui! and common, 50c® $1.75;
feeding lambs, 50-75 lbs., good and choice,
$4.50®5.25.
EAST ST. LOUIS. Oct. 26 Hogs—Re
ceipts, 6,000 market steady to 10c lower;
lighter weights at decline; bulk 190 lbs.
down, *3.404/3.50; practical top, $3,50; few
lists early $3.50; light pigs up to $3.65;
190-240 lbs. $3 354/3.40; sows. *2.404/2.75.
Cattle —Receipts. 2,500; calves, receipts,
1,000: market active on steers and full
steady at week's advance; mixed year
lings and heifers strong; cows and bulls
unchanged: vealers steady; early steer
sales $4.7506.65; some higher; mixed
yearlings and heifers, $3.5045 6; cows,
$2.5003 largely: low cutters. $1.2501.75;
top sausage bulls quotable up to $2.75;
good and choice vealers, $5.75 Sheep—
Receipts, 1.000; market, lambs strong to
25c higher; sheep steady; choice lambs to
small Killers. $5.50 0 5.75: hulk to packers.
$5.25; throwouts. $34(3.50; several lots
yearling wethers, *4 25; fat ewes. $1.50®
1.75; lambs 90 lbs. down, good and choice.
SSO 5.75: medium. $44( 4.50: all weights
common. *3O 4: ewes 00-150 lbs., medium
to choice. *l4/2; all weights cull and com
mon, 50c®51.25,
• FT. WAYNE. Ind . Oct. 26.—Hogs— Mar
ket 15c up; 140 lbs. down. *3.15; 140-170
lbs . *3.25; 170-200 lbs. $3.40; 200-250 lbs ,
sTflo: 250-300 lbs., $3.20; 300-350 lbs., $3 10:
roughs. $24(2.75; stags. $101.50; calves,
$5.50; ewe and wether lambs, $5; bucks, $4.
LAFAYETTE. Ind . Oct. 26,—Hogs
Steads: 160-200 lbs., $3,354/3.50; 200-325
lbs, M. 1503.30; 100-160 lbs., $3.1503.25;
roughs. $2.75 down; top calves, $4.50; top
lambs, $4.50.
EAST BUFFALO. Oct. 26—Hogs—On
sale, 3.000: fairly active; mostly to pack
ers; • 15(>i25c under Monday's average
largely 200 o; desirable 120-140 lbs., $3,754/’
385 bulk $3 30; few plainer kinds. *3.65
Cattle —Receipts. 50; mastly cows: steady
cutter grades. *102; calves, receipts 150-
holdovers 100: vealers dull; weak to 50c
lower; good to choice $6. and sparingly
*6.50 Sheep—Receipts 600; lambs strong
to 15c higher: quality and sorts considered
good to choice leniently sorted. $5.75; coin
mon. medium and bucks *4.7505.
CLEVELAND. Oct. 26.—Hogs— Receipts
1,500, holdovers, none; all weights pies to
300 Ujs. bid, $3 55 or 5c lower than Tues
day’s bulk, and 5c above few late sales
asking steady at $3.60; one outstanding
package sold at price Cattle—Receipts.
300; unevenly around steady; common to
medium loads. *3.75®5.75; talking around
(i&c under week ago on good to choice of
fering; held above. *7.25. cows around *1
• / 53.25: bulk sausage bulls price under *3
usually butcher kinds above $3.25. Calves
—Receipts. 450; steadv; vealers. S6O 650
medium to good $5 50 down little re
ported under $4. Sheep—Receipts, 2.600-
steady; good to choice lambs. *5.2505.50;
best held higher; most throughout, s4®'
50. ■
PITTSBURGH Oct. 26—Hogs—Receipts.
1,500; market steady to 5c lower; 130-240
lbs . *3.8003 95: 260-320 lbs . $3.50 03 65
pigs. *3 5003.75; packing sows. *2.5003
Cattle—Receipt* 35; market unchanged
medium grade steer* yearlings quoted.
$4,50 06; common to medium heifers, *2 75
®4.50. common *nd medium cows. s2®
3; medium bulls, *3 downward Calves—
Receipts. 109; market, steady: choice veal
ers, *64(6.50 Sheep—Receipts. 800; mar
ket steady to strong; choice lambs up to
*5.75 or above; good wethers aro\nd $2.50
downward.
TOLEDO. Oct. 26.—Hogs—Receipts. 300;
market, steady. Cattle—Receipts, 303;
market, ateady. Calves—Receipts, light;
New York Stocks
1 ’ <Ba Thomson da McKinnon) 111 ■
—Oct, 1b—
Prey.
Railroad*— High Low. 11:00. clo~.
Atchison 43% 61 '* 61 Vi 41%
Atl Coast Line ... 20%i
Bait & 0hi0.... 12‘4 It’s 11V* 11%
Chesa * Ohio. . T2\ 22 23 22%
Lhasa Corp ... 13% 13% 13% 13%
Can Pac 13% 13% 13% 13%
C. R 1 & P 5*4 •%
Del L* W 30 28% 28 s * 29
Del & Hudson 90
Eric Ist pfd .. d.s _ •ja
Great Northern.. 12'/* UMi 11% 11%
lllinol* Central.. 15 16% 15 16%
Lou 6c Nash 20
M. K 8t T 7% 7% 7% 7%
Mo Pacific 4% 4% .4% 4%
Mo Pacific pfd.. 8% 8% 8% 8
N Y Central.... 23% 22% 32% 22%
NY NH ft H 15% 14%
Nor Pacific .... 17V* 16 16 16%
O 6c W ... 8%
Pennsylvania .. 14% .13% 13% 14
So Pacific 19*6 19 19 19%
Southern Ry •% * * 8
St Paul 2%
St Faulpfd 3% 3%
St L 6c S P ... 2%
Union Pacific ... 64% 61% 61% 63%
Wabash 2%
W Maryland .... .. ... 6% 5%
Equipment*—
Am Car 6c Fdy.. .. ... ... 8
Am Steel Fd 7 7%
Am Air Brake 8h 11 10% 10% ...
Gen Am Tank 15% 15%
General Elec ... 15% 14% 14% 15
Pullman 19% 19% 19% 19%
Westingh Elec .. 28% 24% 24% 35%
Rubber*
Firestone 12 12
Fisk -. ... V*
Goodrich 5% f% 5Vs 5%
Goodyear 14
Lee RObber 4% ...
U S Rubber 3% 5% SV ...
Motors—
Auburn 43% 40% 41 40%
Chrysler 13% 13% 13% 13%
General Motors., 13% 12 12 12%
Graham Paige 2 2
Hudson .. .. 5% 5 5 5 (
Mack ~ 19 19%
Nash 13% 13% 13% 13%
Packard 32% 2% 2%
Pierce-Arrow 2%
Peerless 1%
Reo 2 2
Studebaker 5% 5% 5% 5%
White Mot ... 22% 32%
Yellow Truck... 3% 3% 3% 3%
Motor Accessories—
Bendlx Aviation. 10% 10 10 10
Borg Warner ... 8
Briggs 5 5
Budd Wheel ... 2%
El Auto Lite. .. 16% 16% 16% 16%
El Storage B 24
Murray Body ... 3% 3%
Sparks-W 1%
Stewart Warner. ... ... ... 3%
Tint kin Roll 14 14
Mining—
Am Metals 5% 5
Am Smelt 14% 14 14 14
Anaconda Cop... 9 8% 8% 8%
Alaska Jun .... 11% 11% 11% 11%
Cal & Hecla... .; 3%
Cerro dfe Pasco 7%
Dome Mines .... 11% 11% 11% 11%
Freeport Texas. 20V*
Great Nor Ore
Howe Sound 7Vi 7
Xnt Nickel 7% 7% 7% 7%
Inspiration ... 3%
Kennecott Cop... 10 9% 9% 10
Magma Cop ... ...
Noranda 17% 17%
Texas Gul Sul... 21 Vi 21 21% 20%
U S Smelt . ... 13%
Oils—
Amerada 19%
Atl Refining 16 15% 15% 15%
Barnsdall 4%
Houston ... 33
Sbd Oil 12% - 13 Vi
Mid Conti ... 5%
Ohio Oil 9% 8% 8% 9
Phillips 5% 5% 5% 5*4
Pure Oil ... 3%
Royal Dutch 17% 18
Shell Un 5%
Simms Pt 5%
Conv Oil 6% 6%
Sta/dard of Cal 24% 24% 24% 24%
Standard of N J 29% 29% 29% 29%
Soc Vac 9% 9%
Texas Cos ... 12% 13
Union Oil 11%
Steels—
Am Rol Mi 115.... 11% 10% 10% 10
Bethlehem 17% 17% 17% 17 Va
Byers A M 14% 13% 13% ...
Colo Fuel 7% 7
Inland 13
McKeesport Tin .. ... 43% 43%
Repub I 6c 8... 7% 6% 6% 7
U S Steel 35% 33% 33% 34%
Vanadium 13% 12% 12% 12%
Youngst S 6c T 12 >4 11% 11% 12.
Tobaccos—
Am Sumatra , 5%
Am Tob (A i new 60% 60% 60% 62%
Am Tob (Bi new 64% 63V* 63% 64Vi
Lig 6c Mvers B 56 55
Lorillard 13% 12% 12% 13
Reynolds Tob... 29 28% 28% 29
United Cig % %
Utilities—
Adams Exp 5% 5%
Am For Pwr 7% 7% 7% 7%
Am Pwr 6c Li.... 9% 9% 9% 9
A T 6c T 103 100% 101 102
Col Gas &El ... 12% 12% 12% 12%
Com 6c Sou 33
Cons Gas 56% 55 55 55%
El Pwr 6c LI 8 7'% 7% 7%
Gen Gas A IV*
Inti T 6c T 9Vi 8% 8% 9
Natl Pwr 6c Li.. .. ... 14% 14V*
No Amer Cos 28 27% 27% 28
Pac Gas 6c E 1... 26% 26 26 • 25%
Pub Scr N J 45% 45%
So Cal Edison 25%
Std G 6c El 16% 15% 15% 15%
United Corp 8% 8% BV* BVi
Un Gas Imp .... 18 17% 17% 17%
Ut Pwr 6c L A .... ... 4 3%
V/est Union 28% 28% 28% 27%
Shipping—
Am Int,l Corp ... 7 6% 6% 6%
N Y Ship 2%
Inti Mer M pfd 1% 1%
United Fruit ... .. ... 19% 19'/a
Foods—
Am Sug 21V* '
Cal Pkg ... 9%
Childs Cos 3%
Cont Baking A 4Vi 4%
Corn Prod 49% 48 48 49
Cudahy Pkg 28
Cuban Am Sug 1%
Gen Foods 28% 27% 27% 27%
Hershey 51Vs
Jewel Tea 28
Kroger 14% 14% 14% 14%
Nat Biscuit 36V*
Natl Dairy 17% 17 17 17%
Purity Bak 7%
Safeway St 48% 48%
Std Brands .... 15 14% 14V* 14%
Drugs— 0
Coty Inc 3% 3 3% s *3% 4
Drug Inc 29% . 27% 28 29%
Lambar Cos '.. ... ... 33%
Lehn <fc Fink... 6% 6 .6 17
Industrials—
Am Radiator .. 7% 7% 7% 7V*
Bush Term ... 5
Lehigh Port 6
Otis Kiev 11%
Industrial Chemicals—
Air Red 54 54%
Allied Chem.... 72% 69% 69% 71%
Com Solv 9% 8% 3% 9
Dupon s 33 31% 32 33%
Produce Markets
Delivered in Indianapolis nrlces: Hens,
heavy breeds. 11c; Leghorns, 7c. Broil
ers colored springers, 1* a pounds up. 9c;
barebacks and uartlv leathered. 7c; Leg
horn and black, l'j pounds up. 8c; Cock?
and stags. sc: Leghorn cocks. 4c. Ducks,
large white full feathered and fat. sc;
small full feathered and fat. 3c. Geese,
full feathered and fat. sc. Young Guineas.
20c ea.: old guineas, 18c. Eggs—Approved
buying grades of Institute of American
Poultry Industries No. 1.. 24c: No. 2.
19c: No. 3.11 c. Eggs—Country run. loss
oft. 22c. Butter. 22 to 23c: undergrades.
20 to 21c: butterfat 18c. These oriqes for
healthy stock, free from feed. No sick
poultry accepted. Quoted bv the Wadley
Company.
BY UNITED PRESS
CHICAGO, Oct. 28—Eggs—Market un
settled: receipts, 2.822 cases- extra firsts,
234124*4C; first*. 234?23'5c: current re
ceipts, 194722'ac; dirties, 12@20c. Butter
—Market unsettled: receipts, 5,99? tubs:
extras. 30c: extra firsts. lß’jtSlQc; firsts,
17*i@l8c: seconds. 16*245T6 1 3c; stand
ards. 19*c. Poultry—r Market steady: re
ceipts, 1 car. 29 trucks: fowls. 11>2@T4c;
springers, lOlaQllVaC; leghorns. 9Vac;
ducks. 104712 c: geese, 11c: turkeys. 104718 c:
roosters, 9c; leghorn broilers. 9'ac. Cheese
—Twins. 12®12!4e; Young Americas. 1241
12 3 4e. Potatoes—On track. 328; arrivals.
53; shipments, 497; market steady: Wis
consin and Minnesota cobblers. 604770 c:
South Dakota Early Ohios, 604? 65c; North
Dakota Ped River Ohios, 65@70c; Idaho
Russets, $1.0561.15.
NEW YORK. Oct. 26,-Potatoes—Steady;
Long Island. 85c@51.85 per barrel; New
Jersey. $1.50: Maine. $1.50471.75 pet bar
rel; Idaho. $1.854i 2.20 per sack. Sweet po
tatoes—Dull; Jersey basket. 35c@51.40;
Southern barrtl. 75c@_51.13: Southern,
basket. 6347 65c. Flour—Dull; springs, pat
ents. $3.50f;3.85 per barrel. Pork—Easy:
mess. $16.25 per barrel. Lard—Easier; mid
dle west soot. $4,504)4.60 per 100 lbs. Pe
troleum —Strong New York refined, 17c gal
lon; crude Pennsylvania. $1,224? 1.72 bar
ren. Grease, weak; brown. 2 3 54?2’ 2 c per
lb.: yellow. 2 3 *C?2'2C per lb.; white. 2 s *
#3 3 *c per lb. Tallow—Weak; special to
extra, i'affi 3‘c-per lb. Common hides—
Dull. Hide; —Citv packers, in good de
mand: native steers. 6'ac: butt brands.
6'2C; Coloradoos, 6c. Dressed poultvv—
Quiet: turkevs 14626 c: chickens. 12620 c;
broilers. 12i26c: fowls. 10618 c: Long
Island ducks. 144i16c. Live poultry—Stesda;
geese. 84?14c: turkeys. 2947 25c: roosterT,
10611 c: ducks. 94723 c: fowls. 94?20c: chick
ens. 11’*o. Cheese—Quiet: Young Ameri
ca. lS'jgtg’-c. Butter—Market, easy:
creamery, higher than extras. 21@31'ac:
extra. 92 score. 20'jc: firsts. 91 score. 19>2
4?20c: firsts. 88 to 89 score. 184il8'2c: ser
enes. 174/17'ic. Eggs—Market, easv: spe
cial packs. Including unusual hennerv se
lections. 284isie; standards. 25’a#?2Sc: re
bendied receipts. 244?24' a c
g
market, steady. Sheep and lambs—Re
ceipts; market, steady.
Bit Timm Special v
LOUISVILLE. Oct. 26.—Cattle—Receipts.
its: mostly steady; bulk common and me
dium steers and heifers. $3&5; better fin
ished light weights eligible around $6.50:
bulk beef cows. $262.50: low cutters and
cutters. 75c4i5i,75; bulls, $2.50 down:
stockers and feeders, mostly $3.5065.25:
calves, 150: steady; bulk good and choice
light vealers. $464.50: medium grades and
heavy calves. $3 50#? 3.50: throwouts. $3
down Hogs—Receipts, 600: steady: 175-
240 lbs. $3.45; 245-295 lbs. $3.10; 300 lbs
up. $2.70; 1.70 lbs down, $3 20; sows, $2.50:
stags. $1.55. Sheep—Receipts. 100; mostly
steady; bulk medium to good lambs. $4.50;
better finished kinds eligible to $5 or bet
ter: lower grades, $3.50 down; set ewes,
$1472 Tuesday’s shipments: 124 cattle,
75 calves and- 181 sheep.
Union Carb ... 24% 23% 23% 23%
U 8 Ind Aico .. 33% 23%
Retail Stores—
Asaoc Dry CWs
Olmbel Bro* .... 3
Kreage S S 10% 10%
Mont Ward .... 11% 10% 10% 11
Penny J c 21 30%
SchulU Ret St 1% ...
Sear* Roe 19% 18 18 18%
Woolworth 35% 35V® 35%. 35%
Amusements—
EMtman Rod 51 49%
Fox Film (A) 3%
Grigsby Grunow 1% 1 1 1%
Loews Inc 26%
Parana Fam ... 3% 3%
Radio Corp .... 7% 8% •% 6%
Warner Bro* 2%
Miscellaneous—
City Ice & Fu.. 11% 11 11
Congoleum 8%
Proc dt Gam.... 29% 29% 29% 29%
Allis Chal ... 7% 7%
Amer Can 51% 48% 49 50%
J 1 Case 40 38% 36 Va 38
Cont Can 32 31*4 31*4 32
Curtis* Wr 2% 2 2 2
Gillette 8 R 16*4 15% 15*4 15%
Gold Dust 15% 15%
Int Harv 21% 19% 19*4 20%
Int Bus M 86 85 V* 85% 84%
Real 311 k ... 5
Un Aircraft 23% 22% 22% 22%
Transamerica ~ 47* 4% 4% 4%
New York Curb
(B„v Thomson 6c McKinnon)
—Oct. 26
11:00 v 11:00
\m^4A'naroid.... 4 Deer 6c Cos 9Vs
Am G 6c Elec.. 26%.E1ec Bnd 6c Sh 22%
Am Super Pwr. 4% Ford of Eng... 3%
Ark Gas A 3%'lnt Buper 12%
Braz Pwr 6c Lt 8 Nat Inves 3
Can Marconi ... 1% St Regis Paper.. 3%
Cent Sts Elec... 24 Std of Ind 22**
Cities Service .. 3% United G (newt. 2%
Cord 4 iVan Camp %
New York Bank Stocks
(By Thomson 6c McKinnon)
—Oct. 25-
Bid. Ask.
Bankers 64 66
Central Hanover 131 135
Chase National 34% 36%
Chemical 34V* 36V*
City National 42% 44%
Corn Exchange 72V* 75'/*
Commercial 160 170
Continental 16% 18 7 /
Empire 24*% 26'%
First National 1,500 1,550
Guaranty 309 315
Irving 23% 25%
Manhatten 6c Cos .* .. 30 32
Manufacturers '... 27% 29%
New York Trust $2% 95'%
Public 30% 32 >/*
Title 40 43
New York Liberty Bonds
—Oct. 25-
Close.
Liberty 3%5, 47 101.19
Liberty First 4%5. 47 102.9
Liberty Fourth 4%5, 38 103.14
Treasurs 4%*, 52 107.6
Treasures 4s, 54 103.27
Treasury 3%5, 59 102.9
Treasury 3%5, 47 100.20
Treasury 3%5, 43, March 101.4
Treasury 3%*, 43, June 101.2
Treasury 3%5. 49 97.20
Treasury 3s, 55 96.4
The City
in Brief
THURSDAY EVENTS
Advertising Club, luncheon, Columbia
Club.
Engineering Society, luncheon, Board
of Trade.
Sigma Chi Alumni Club, luncheon,
Board of Trade.
American Business Club, luncheon, Co
lumbia Club.
Acacia, luncheon, Harrison.
Illini Club, luncheon, Columbia Club.
Sigma Nu. luncheon, Washington.
Indianapolis Real Estate Board, lunch
eon, Washington.
Security Benefit Association will
hold a masquerade ball for mem
bers and friends tonight at 116 Vi
East Maryland street.
Northwood Christian church mid
week fellowship dinner, speaker
Thursday night will be Harry F.
White, general secretary of the In
dianapolis Y. M. C. A. Jack Ford
will present a violin solo and Mrs.
Charles Ferguson will sing.
Benefit masquerade ball will be
sponsored by the Indianapolis Fire
men’s band tonight in municipal
gardens, James A. Moore, manager,
announced today.
Retention and enforcement of the
eighteenth amendment will be dis
cussed at meetings of Marion 1 coun
ty prohibitionists, Wednesday night,
at East New York street and Sher
man drive, and Friday night at 2440
West Ohio street, O. S. Whiteman,
chairman, announced.
Winter program of the Southport
Men’s Brotherhood will be discussed
at a supper meeting, Friday night,
in the Southport Presbyterian
church with Glenn Derr, acting
president, in charge.
Salesmen and owners of lots in
Glen Haven cemetery on Kessler
boulevard, will meet at 8 tonight in
the assembly room at Hotel English
to discuss future legal moves per
taining to management of ceme
tery affairs, L. W. Heagey an
nounced.
Because of the address Friday
night here of President Herbert
Hoover, meeting of the Indianapolis
Federation of Community Civic
clubs, scheduled for Friday night in
the Spink-Arms, has been post
poned until Nov. 4.
Tax reSef proposals will be dis
cussed by Charles F. Remy, former
supreme court judge, in an address
at a luncheon of the Indianapolis
Real Estate Board Thursday in the
Washington.
Homecoming night will be cele
brated by the Bible Investigation
club of the Y. M. C. A. at a bean
supper Wednesday night in central
branch, Illinois and New York
streets. Dr, E. G. Homrighausen of
the Carrollton Avenue Reformed
church will speak.
“Privilege of the Baljol” will be
discussed by Mrs. Fletcher Hodges
of the League of Women Voters at
a meeting of the Ketcham Mothers’
club of the Indianapolis free kin
dergartens Thursday night at 903
Ketcham street.
Inspection tour of the Colortype
Corporation plant, 433 North Cap
itol avenue, will be made Thursday
by Advertising club members fol
lowing a luncheon in the Columbia
club.
The Christian Men Builders class
of the Third Christian church,
Seventeenth arid Broadway, will
hold the annual nomination ban
quet tonight at 6:30 in the class
room.
Pen shop, dealers in pens, desk
equipment and novelties, located
seventeen years at 41 West Ohio
street, will occupy new quarters in
the building adjoining the Circle
f heater within ten days, John E.
Kelly, owner, announced today.
Louise Brown. 17, a fugitive from
the Indiana girls’ school at Cler
mont since Oct. 20, was arrested
today at the Langsdale avenue
plant of the Citizens Gas Company - .
Theft of an electrical appliance
valued at $l5O from his automobile
was reported to police today by Dr.
J. J. Briggs, Stokes building.
Resile Colvin, chairman of the
Marion County Association for Tax
Reduction, will describe work o*
the organization at a meeting of
Wayne township residents Thurs
day night at the Christamore
Settlement house, Tremont avenue
and West Michigan street. /
TEE INDIANAPOLIS TIMES
LIQUIDATION IN
WHEAT FORCES
PRICESJ.OWER
All Options Touch New Cow
Levels as Pressure
Mourfts.
BY HAROLD E. RAIXVILLE
United Frets Staff Correspondent
CHICAGO, Oct. 26.—Wheat
; opened fractionally lower on the
i Board of Trade today, again setting
I new low levels for the season, for all
i deliveries. December touched 45
cents, within % cent of the all-time
low of last year. Winnipeg De
cember opened higher, but im
mediately reacted to 47 Vi cents or
anew all-time low.
Weakness at Liverpool and gen
era’ liquidation with a few buyers
were the chief factors. Firmness in
stocks was ignored. Corn showed
strength at the start and was high
er with oats and rye holding steady.
Canada Keeps Lead
At the opening wheat was un
changed to Vs cent lower, com was
unchanged to V 4 cent higher, oats
unchanged to Vi cent lower and rye
was unchanged. Provisions were
about steady.
Liverpool reflected the sharp
break here Tuesday and was % to
? cent lower in American money
at mid-afternoon, with sterling
higher. According to trade gossip,
the withdrawal of support at Win
nipeg Tuesday resulting in the
sharp break here was due to the
desire of Canada to keep wheat in
line for export business.
The steady decline lately at Chi
cago had placed American wheat in
an advantageous position for for
eign buyers and Canada was
thought not to be willing to relin
quish its place as leader in the ex
port trade, at least until the south
ern hemisphere crop begins to move
some weeks from now.
Cash House Buying
Shipping sales were reported for
700,000 bushels of corn Tuesday, in
cluding 300,000 bushels to exports
with charters made for 550,000
bushels, of which 190,000 bushels
were headed for Montreal. Cash
houses were good buyers of futures
on the way down, as they have
been recently, removing I’edges
against this heavy movement. Fu
tures, however, moved with wheat.
The action of other grains con
tinues to be the dominating influ
ence in oats and rye, although De
cember oats failed to make anew
low level Tuesday. Values never
theless - are hovering around all
time lows.
Chicago Primary Receipts
—Oct. 25-
Wheat 1,041,000
Corn 671,000
Oats 165,000
Futures Range
—Oct. 26
WHEAT— Prev.
High. low. 10:00. close.
Dec 45% .44% .44% .45*%
May 50% .50% .50% .51
July 52 .51% .51% .51
CORN— ,
Dec 24% .24% .24% ,24 V*
May 29% .29 ,29V* .29*%
July .. .30% .30*%
OATS—
Dec 15'% .15*/* .15*/* .15%
May 17% .17% .17% .17%
.July .. .18 .18
RYE—
Dec 29% .28% .28% .29*/*
May 33 .32% .32% .33'
LARD—
Jan * ... 4.05 4.05
May 4.20 4.22
Indianapolis Cash Grain
—Oct. 25
The bids for car lots of grain at the call
of the Indianapolis Board of Trade, f. o. b„
shipping point, basis 41 Vic New York
rate, were:
Wheat—Weak; No. 1 red, 37%®38%c;
No. 2 red. 36%®37%c; No. 2 hard, 32%@
38 %c.
Corn—Weak: No. 2 white. 17@17V4c;
No. 3 white, 16%@17c; No. 2 yellow. 17®
17%c: No. 3 yellow, 16*%®17c; No. 2
mixed, 16@16%c; No. 3 mixed, 15%®16c.
Oats—Easy; No. 2 white, ll%®Y2Vic:
No. 3 white, HV*®ll%c.
Hay (f. o. b. country points taking 23%c
or less rates to Cincinnati or Louisville)
No. 1 timothy, *5.50®6; No. 2 timothy, $5
® 5.50.
—lnspections
Wheat—No. 1 red, 1 car; No. 2 red. 3
cars; No. 4 red, 1 car: No. 1 mixed, 1 car;
No. 2 mixed. 1 car. Total, 7 cars.
Corn—No. 1 white, 4 cars: No. 2 white,
22 cars; No. 3 white,*l car: No. 5 white I
car: No. 1 yellow, 5 cars; No. 2 yellow, 85
cars: No. 3 yellow, 15 cars; No. 4 yellow, 2
cars: No. 5 yellow, 2 cars; No. 2 mixed, 1 1
car; No. 3 mixed, 1 car. Total, 139 cars.
Oats —No. 2 white, 9 cars; No. 3 white
11 cars; No. 4 white, I car; No. 3 mixed,
1 car. Total, 22 cars.
INDIANAPOLIS WAGON WHEAT
City grain elevators are paving 38c for
No. 2 soft wheat. Other grades on their
merits.
CHICAGO CASH GRAIN
By United Press
CHICAGO, Oct. 25.—Cash grain close;
Wheat—No. 1 red. 47%c: No. 1 hard weev-
Uy. 47c: No. 4 hard weevily. 44%c. Corn—
(Old) No. I mixed. 24%c; No. 3 mixed,
24t*c: No. 1 yellow. 25c; No. 2 yellow, 24%
®2sc: No. 3 yellow. 24%®24%c: No. 9
yellow, 23 %o: No. 6 yellow. 23c: No. 2
white. 24%®24%c: sample grade. 12®18c:
corn (newi No. 4 mixed. 22022V4C: No.
4 yellow, 22®22%c: No. 5 yellow. 20%®
21%c: No. 6 yellow. 19%c: No. 4 white:
22c. Oats—No. 2 white. 15>%®16c: No. 3
white, 15®15%c. Rv? —No sales, barley,
24®36c; timothy. $2.25®2.50; clover. $7.50®
8.75.
CHICAGO CABLOTS '
By Times Special
CHICAGO, Oct. 26 —Carlots: Wheat, 19;
corn, 161; oats, 6; rye, 0, and barley, 2.
TOLEDO CASH GRAIN
By United Press
TOLUDO, Oct. 25.—Cash grain close:
■ Grain in elevators, transit billing).
Wheat—No. 2 red. 50®51c. Corn—No. 2
yellow, 28%®29%c. Oats—No. 2 white,
19®20c. Rye—No. 2. 40%@41%e. Bar
ley—No. 2. 30@31c. Track prices, 28%c
rate. Wheat—No. 2 red. 44%@45%c; No.
1 red. 45%®46%c. Corn—No. 2 yellow.
24®25c: No. 3 yellow. 230 24c. Oats—No.
2 white. 16® 17c, No. 3 white. 15@16%c.
Seed close: Clover—Cash. $5.600 5.65: Oc
tober. $5.6005.65: December. $5.75. Alsike
—Cash. $5.50 0 5.85: October. $5.5005.85:
December. $5.5005.85. Produce: Butter—
Fancy creamery. 24c. Eggs—Ex*"*s. 26 %@
27c. Hay—Timothy per cwt.. 80e.
INDIANAPOLIS STOCKS
AND BONDS
(By Newton Todd)
The following quotations do not repre
sent firm bids gnd offerings, but indicate
the approximate markets based on recent
transactions qr inquiries to buy and sell.
—Oct. 26-
Stocks
_ Bid. Ask.
Bet R R and Stkyds com... 22 26
Belt R R and Stkvds pfd.... 45 51
Cent Ind Pwr pfd 25 30
Citizens Gas com 14 18
Citizens Gas 5-“ 0 pfd 81 89
Xndpis Pwr and Lt 6% pfd... 65 71
Tndnls Pwr and Lt 6>i<“ e pfd. 70 78
Indpls Oas com ..., 44 50
Indpls Water 5Q pfd 91 97
Inap Pub Welfre Ln Ass com 47 52
Nor Ind Pub Serv 7" c 53 58
Pub Servos Ind 6% pfd 27 32
Pub Servos Ind 7<~ e pfd ... 45 49
So Ind Gas and Elec 6cj. pfd.. 64 69
Terre Haute Elec 6 f i pfd ... 46 52
Bonds
Belt R R and Stkvds 4s 84 89
Citisens Gas 5 s 1942 86 91
indpls Gas 5s 1952 79 83
Indpls Rys 5a 1967 25 30
Indpls Water 4&s 1940 S3 96
Indpls W&ter s'es 1953- 54..-87'* 100
Trac Terminal Corp 5s 1957., 38 43
BELIEVE
IT or NOT
. ■,. . —.
“7 Grooanby IW AND BE. ABLE TO AIV CANTER AND TAKE J 1 | J
NEVER. IN HIS HOMETOWN burke the huroles r/
-PHILADELPHIA •’ - -- 6 f >
Davis Met the Sax at an
Ice Cream Church Social
Orchestra Conductor Tells How Saxophone Out-Moaned
and Snowed Under the Very Stately Cornet.
YOU will never guess where Charlie Davis, orchestra conductor, now
at the Indiana Roof ballroom, met the saxhorn which was the first
step irv direction of the moaning saxophone.
Davis in his own words writes of this strange introduction and how
the saxophone finally moaned itself to fame.
Charlie tells of this interesting band instrument as follows:
“Conventions forbid me to put in writing my -thoughts about Mr.
Saxe, the Frenchman who invented the saxophone, the first time that I
heard the saxhorn (the name by which the sax was first known).
“The occasion was a church ice cream social. The word had gotten
out that the new instrument was
to be played by one of the good
churchmen, who was to be accom
panied at the piano by his wife.
“My curiosity urged me to muscle
in and get a front seat for the
really big moment of the evening.
With it came a feeling of chagrin as
I heard the man tune up his horn..
He didn't even get close to the “A.”
“He was probably a quarter tone
off, but then, -I suppose he figured
that he was only going to play a
couple of tunes and it would hardly
pay him to really get in tune. 'lf
he was going on a steady job it
would be different—he could then
afford the time to tune up.
“By way of description, let me tell
you that the sound which emitted
from the sax was a cross between
the noise of an old time vacuum
cleaner and a buzz saw. And, the
churchman’s arrangement of “Over
the Waves” was inimitable.
“Nevertheless, the instrument
showed possibilities, if it was prop
erly handled and subdued. Ev
Hughes, then a student at Tech
high, recognized these possibilities
and set out to master Mr. Saxe’s in
vention. And, let this be said for
Hughes, so great was his determina
tion to conquer the sax, that you
couldn’t stay in the building with
him when the combat was on.
DOW-JONES
SUMMARY
Notice of intention to drill five new olt
wells in California were filed with state
authorities in week ended Oct. 22. against
two in preceding week, bringing total to
date this vear to 239. against 317 in like
1931 period; five wells were abandoned last
week against ten in preceding week, bring
ing total to date this vear to 258. against
301 in like 1931 period.
Retail price of third grade gasoline
advanced a cent a gallon in Southern
California territory by major oil com
panies to 13.9 cents a gallon with tax
included; regular gasoline and Ethyl
price* will remain unchanged.
*
Iron Age estimates steel production dur
ing past week eased to 18 from 19% per
cent.
Sun Oil Company declared an extra
dividend of 3 per cent in common on com
mon and regular quarterly dividend of 25
cents on common.
Hercules Power in September quarter
earned nine cents a common share, against
four cents in previous quarter, and 28 cents
in September. 1931 quarter: nine months
earnings amounted to *5.07 a share on
preferred against 81 cents a common share
after preferred diivdends in first nine of
1931.
National statistics bureau of Argentina,
report* favorable trade balance at end
of September amounting to 18,349,000
pesos, against 60,276,000 in same period
of last year.
Federal reserve board reports that vol
ume of industrial production during Sep
tember gained 6 points, according to its
adjusted index.
Niagara Hudson Power Corporation in
September quarter earned 23 cents a com
mon share, against 33 cents in September,
19*1 quarter: nine months earnings
amounted to 93 cents against *1.07 a share
in first nine months of 1931; in twelve
months ended Sept. 30. earned *1.40 a
share against $1,555 in twelve months
ended Sept. 30. 1931.
Standard Oil of Kentucky has advanced
service station price of gasoline a cent a
gallon throughout its territory on all
grades.
I. C. C. approves loans by Reconstruc
tion Finance Corooratlon of *6.170.000 to
Erie railroad; $1,000,000 to Chicago &
Northwestern, and $338,000 to Chlvago &
Eastern Illinois.
Chicago Fruit
By United Press
CHICAGO. Oct. 26. Apples
Jonathan, bnhel $1.2561.35: Michigan
Jonathans, bushel $1.1561.25; Delicious,
bushel, $1.25; greenings, bushel sc4?sl;
Kings, bushel 75c. Pears—Michigan Keif
ers, bushel 50c. Grapes—Michigan Cli
maxe, 12 quarts 16618 c.
On request, sent with stamped
addressed envelope, Mr. Ripley
will furnish proof of anything
depicted by him.
“The saxophone resented his
mastery and loudly voiced its re
sentment.
“Even unto this day a sax will set
up a wail when it meets anew
master. That is why the worst luck
you can ask to befall a man is that
all of his offsprings should be
saxophonists.
“All kidding aside, Hughes became
quite an artist. He was in demand
for dances, banquets, and functions
of all kinds and caused the then
standard orchestra of piano and
drums to be augmented to piano,
drums and saxophone.
“This is where my good friend
Russ Holler came into the picture.
Russ’ thought was that if one saxo
phone sounded good—five or six
should sound better.
“He assembled the six saxophones,
a piano, a drum, and a cornet and
made his debut at a dance in the
old Woodruff Club (I shouldn’t be
giving ages away),
“Boy! The cornet didn't have a
chance. Those saxophones were all
moaning and cutting up and run
ning up and down the scale, so that
the cornet was completely snowed
under. Was I glad? I had hated
a cornet since my grade school days,
when my father was always making
me practice, when I wanted to get
out and monkey around. This band
certainly gave me the laugh on the
cornets.
“Long live the saxophone.
“Incidentally, if you happen to go
up to the Indiana ballroom tonight,
where the boys, the Call Sisters and
Ruby, and myself are playing for
waltz night, you will notice that we
are playing several very nice sax
solos.' This is not a ‘back to the
sax movement.’”
nun
Other theaters today offer: “The
Merry Widow” with Donald Brian
at English’s: Hobart Bosworth at
the Lyric, “The Big Broadcast” at
the Circle, “One Way Passage” at
the Indiana, “Rain” at the Palace,
and “Six Hours to Live” at the
Apollo.
In the Cotton Markets
(By Thomson & McKinnon)
NEW YORK. Oct. 25.—The cotton market
showed no disposition to allow other
markets to influence it this morning. The
mills are not booking any great volume of
business at the moment but are well sup
plied with old orders.
In the afternoon, prices had sagged to
Monday's low and the trade was buying at
each point decline without anv disposi
tion to pay more than a fixed price.
CHICAGO
—Oct. 25-
High. Low. Close.
January 6 32 6.19 6 26
March 6.40 6 28 6 37
May 6 50 6 37 6.47
July 6 60 6.50 6.55
December 6.28 6.15 6.24
NEW YORK
January 6.24 6.14 6.23
March 6.32 6.22 6 29
May A2 6.32 6 39
July 6?51 6 41 6 48
October 6.14 6 07 6 09
December 6.18 6 08 6.16
RAW SUGAR PRICES
—Oct. 25
High. Low. dose
January $9 .98 .99
March 97 .95 .97
May 1.00 .99 1.00
July 1.04 1.02 1 04
September 1.08 1 06 1.08
December 1.03 1.02 1 03
Safety for Savings
Fletcher American
NATIONAL BANK
Seuthaan Corr
of Market and reniMvlvaahi
V *fl*tered V. 4
O X *>•
RIPLEY
Following is the explanation of
Ripley’s “Believe It or Not” which
appeared in Tuesday's Times:
Family Longevity—John F. Mc-
Clelland, of Irish-Scotch descent,
and his wife, Elizabeth Keister
McClellaad, of French-German
descent, both attained the same
venerable age of 85 years. Their
fourteen children, all born in But- '
ler and West Moreland counties,
Pennsylvania, ranging from 1 Wil
liam McClelland, born in 1814, to
Rosanna McClelland, born in 1837,
attained a combined age of 1,241
years and 8 months, equal to an
average of almost 89 years.
Death spared the McClelland
progeny for seventy-seven years.
Thursday—Higher Speed Against
the Wind.”
Investment Trust Shares
(By Abbott, Hoppin & Cos.),
PRICES ARE TO 12 NOON, C. S. T.
—Oct. 26
Bid. Ask.
Am Founders Corp com 1.37 1.50
Amer and Gen Sec (A) 5.00 10.00
Am Inv Tr Shares ~... 1.60 2.12
Basic Industry Shares 1.87 2.00
Collateral Trustee Shares (A) 3.37 3.87
Corporate Trust (new) 1.62 1.67
Cumulative Trust Shares 2.68 2.75
Diversified Trustee Shares (A) 6.87
Fixed Trust Oil Shares (A) 6.00
Fixed Trust Oil Sh iB) 4.75
Fundamental Trust Sh (A)... 3.00 3.12
Fundamental Tr Shares (B).. 3.00 3.25
Leaders of Industry (A) 2.50 3.00
Low Priced Shares 2.50 .....
Mass Inv Tr Shares 14.12 14.62
Nation Wide Securities 2.35
North American'Tr Shares... 1.70
Selected Cumulative Shares... 5.00 5.37
Selected Income Shares 2.62 3.00
Shawmut Bank Inv Trust.... 3.00
Std Amer Trust Shares 2.35
Super Corp of Am Tr Shares.. 2.65 2.68
Trustee Std Oil (A i 3.35 3.55
Trustee Std Oil (B) 3.35 3.55
U S Elec Light & Pwr (A)... 14.50 15.25
Universal Trust Shares 2.10 2.20
NEW YORK COFFEE
—Oct. 25
Santos
High. Low. Close.
March 8.80 8.75 8.77
Ifay 8.52 8.46 8.52
July 8.40 8.36 8.39
September 8.27 8.25 8.26
December 9.31 9.25 9.31
Rio
March 6.00 5.99 6.00
May 5.90 588 .588
July 5.79 5.73 5.76
September . 5.66 5.63 5.36
December 6.40 6.35 6.40
Zaiser & Zaiser
, Incorporated
Brokers
Stocks and Bonds
129 E. Market
Lincoln 9375 Lincoln tJ67
LOANS
AT REASONABLE RATES FOR
ALL WORTHY PURPOSES
The Indianapolis Morris
Plan Company
Delaware and Ohio Bta Riley 1536
—SAFETY—
First Os All
Fletcher frost
fompang
CAN A FIXED TRUST STAY
FIXED?
We feel a common stock investment
portfolio must have flexibility. In
our opinion any fixed or rigid pro
gram does not meet this require
ment. Consult with us or write for
complete details and our sugges
tions. '
T. P. Burke & Cos
Incorporated
SUITE 22S CIRCLE TOWER
PHONE Riley 8536
Checking Accounts
Insurance
of sll kinds excepting life
One Doflar
or more will open an Interest
bearing Savings Account.
AETNA
Trust and Savings Cos.
S3 North Pennsylvania Street
Lincoln 7371
PAGE 11
STOCK VALUES
SLUMP AFTER
EARLYUPTURN
Steel Preferred Moves Up
While Common Sells
Down.
Average Stocks Prices
Average of thirty Industrials for Tues
day, high 61.96. low 59.70, last 60 32. off
.71. Average of twenty rails. 27,50. 26.84.
27.12. off .21. Average of twenty utilities.
27 24, 26.57. 26.81, off .26. Average of
forty bond*, 79.20. off .32.
BY ELMER C. WALZER
United Press Financial Editor
NEW YORK, Oct. 26.—Declara
tion of the regular quarterly divi
dend of $1.75 on United States Steel
preferred stock brought a brief
spurt of activity or the Stock Ex
change today. Prices roee frac
tions to 2 points.
However, the rise did not hold
and trading quieted down in the
first few minutes. Some of the
leaders slipped back from their
openings.
Steel common opened at 35*i, up
\ point, while the preferred rose
to 74*2, up 26*2, after opening at 72.
Bethlehem Steel rose to 17%, up i.
Rails Make Gains
American Telephone opened at*
103, up 1 and later eased off. West
inghouse Electric was at 26%, up 1;
American Can 51 Vi, up 1%; Case
40. up 1%, and Woolworth 35 3 i.
up %.
Railroad shares made good gains,
influenced by improved earnings for
September Just coming out. Union
Pa-ific rose to 64 hi, up 1%; Atchi
son 42%, up %; Delaware, Lacka
wanna and Western 30, up 1; Ches
apeake and Ohio, 22%, up V 4. Part
of these gains was erased later in
the session.
Steel preferred continued to gain
in the early trading. The common
eased off.
Steel Operations Down
The declaration of the regular
preferred dividend by the United
States Steel Corporation was
variously received in Wa?l Street.
Some observers interpreted it bull
ishly; several were displeased over
the fact the directors refused to
comment.
The huge deficit of the corpora- *
tion in the first nine months—s 73- „
457,188—in some quarters was con
sidered as a bearish offset to the
dividend declaration. Other steel
companies reported heavy losses.
The Iron Age today found the
rate of steel operations off % point
at 19 per cent for the country
Bank Clearings
INDIANAPOLIS STATEMENT
_. , —Oct. 26
Debit*" 8 ® $1,948,000.00
uemts 3,802,000.00 <
Foreign Exchange
(By Abbott Hoppin & Cos.)
—Oct. 26—-
Sterlinit. England
rr® nc V. F , ranc€ 0393%
Lira, Italy .... r - . ... (istsu •'
Franc. Belgium 1392
Mark. Germany 2a7
Guilder. Holland * '4027
Peseta. Spain n2i
Krone. Norway 1694
Krone. Denmark 1730
Yen, Japan .2250
Chicago Stocks Opening
(By Abbott. Hoppin & Cos )
„ , —Oct. 26
Bendix Avia ... 10%[Nob Spjrks 17%
Warner .. 8 (Swift Inti 16%
Si.ln* J?T lce ~ 3Walgreen Btores 13%
Houd Hersh (Bi 2%1
Robert Barr &
Company
Dealers in
Investment Securities
Merchants Bank Building
Indianapolis
Telephone Riley 1581
Indianapolis—St. Paul—Minne
apolis—Denver—Chicago.
Union Trustee,
of Indianapolis
BOND DEPARTMENT
Government
' and
Municipal Bonds
Gravel Road Bonds
Bonds of
Selective Issues
Bought and Sold
120 E. Market St.
Riley 5341 .
ABBOTT, HOPPIN
& COMPANY
203 Continental Bank Bldg.
Indianapolis
Stocks, Bonds, Grain
MEMBERS:
New York Stock Exchange
New York Curb Exchange
Chicago Stock Exchange
Chicago Curb Exchange
Chicago Board of Trade
Co-Managers
JAMES T. HAM ILL
KENNETH K. WOOLLING
formerly Member* of
JAMES -T. HAMILL
& COMPANY
Riley 5493-5494

The Indianapolis times. [volume], October 26, 1932, Home Edition, Page PAGE 11, Image 11
About The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965

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The Indianapolis times. [volume], October 26, 1932, Home Edition, Page PAGE 11, Image 11 About The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965

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The Indianapolis times. [volume], October 26, 1932, Home Edition, Page PAGE 11, Image 11
About The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965